Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of January 11, 2010 No. 2

About financial accounting, creation and submission of accounting records by insurance companies

(as amended on 05-08-2020)

Based on Item paragraph two 13, of parts one, the second and paragraph two of part three of Item 59 of the Regulations on insurance activity in the Republic of Belarus approved by the Presidential decree of the Republic of Belarus of August 25, 2006 No. 530, and Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:

1. No. 49 is excluded according to the Resolution of the Ministry of Finance of the Republic of Belarus of 27.08.2019

1-1. Approve:

The instruction about features of financial accounting of the income and expenses by insurance companies (is attached);

The instruction about procedure for creation and submission of accounting records of insurance companies (is attached).

2. Ceased to be valid according to the Resolution of the Ministry of Finance of the Republic of Belarus of 29.06.2011 No. 50

3. Ceased to be valid according to the Resolution of the Ministry of Finance of the Republic of Belarus of 29.06.2011 No. 50

4. Ceased to be valid according to the Resolution of the Ministry of Finance of the Republic of Belarus of 09.06.2014 No. 30

5. Bring in the Instruction about criteria and evaluation procedure of solvency of insurance companies approved by the resolution of the Ministry of Finance of the Republic of Belarus of May 10, 2007 No. 73 (The national register of legal acts of the Republic of Belarus, 2007, No. 133, 8/16512), the following changes and amendments:

in item 4:

in part one:

words "fund of accumulating, fund of consumption," to exclude;

after the word of "shares" to add with the word of "(shares)";

after the word of "shareholders" to add with the word of "(founders)";

to state paragraph two of part two in the following edition:

"the authorized capital is determined as difference between the size of the authorized fund reflected in liability of the balance sheet under the article "Authorized capital" and its parts reflected in liability of the balance sheet under the article "Own Shares (Shares) Redeemed at Shareholders (Founders)" and in balance sheet asset under the article "Settlings with Founders on Deposits to Authorized Capital";";

to state part one of Item 12 in the following edition:

"12. If for the end of accounting year the actual size of margin of solvency of the insurer exceeds the normative size of margin of solvency less than for 10 percent, the insurer represents for review to the Ministry of Finance of the Republic of Belarus as a part of annual accounting records the rehabilitation plan of financial position in form according to appendix 3.";

in appendix 1:

line item:

"Variation of the actual size of margin of solvency from the normative size of margin of solvency (p. 01 – p. 07)"

 

 

replace with line items of the following content:

"Variation of the actual size of margin of solvency from the normative size of margin of solvency (p. 01 – p. 07)

08

 

Ratio between the actual and normative sizes of margin of solvency by the end of the reporting period

09";

 

line items:

"Authorized capital

11

 

Additional fund

12

 

Reserve fund

13

 

Fund of accumulating

14

 

Fund of consumption

15

 

Retained earnings of accounting year and last years

16

 

Intermediate result (p. 11 + p. 12 + p. 13 + p. 14 + p. 15)

17

 

Uncovered losses of accounting year and last years

18

 

Intangible assets

19

 

Accounts receivable on which the term of limitation period expired

20

 

Intermediate result (p. 18 + p. 19 + p. 20)

21

 

The actual size of margin of solvency (p. 17 - p. 21)

22"

 

replace with line items of the following content:

"Authorized capital

11

 

Additional fund

12

 

Reserve fund

13

 

Net profit (loss) of the accounting period

14

 

Retained (unused) earnings (uncovered loss)

15

 

Intangible assets

16

 

Accounts receivable on which the term of limitation period expired

17

 

Actual size of margin of solvency
(p. 11 + p. 12 + p. 13 + p. 14 + p. 15 – p. 16 – p. 17)

20".

 

6. Bring in the Instruction about procedure of payments of the size of equity of insurance companies approved by the resolution of the Ministry of Finance of the Republic of Belarus of September 13, 2007 No. 132 (The national register of legal acts of the Republic of Belarus, 2007, No. 236, 8/17117), the following changes:

from item 4 of the word", funds of accumulating and consumption" to exclude;

state Item 5 in the following edition:

"5. The authorized capital is determined as difference between the size of authorized fund reflected in liability of the balance sheet under the article "Authorized capital" and its parts reflected in balance sheet asset under the article "Settlings with Founders on Deposits to Authorized Capital" and in liability of the balance sheet under the article "Own Shares (Shares) Redeemed at Shareholders (Founders)".";

state Item 8 in the following edition:

"8. The retained (unused) earnings (uncovered loss) correspond to the amount of the sizes reflected in liability of the balance sheet under the articles "Net Profit (Loss) of the Accounting Period" and "Retained (Unused) Earnings (Uncovered Loss)".";

exclude Items 9 and 10;

state appendix in the following edition:

"Appendix

to the Instruction about procedure of payments of the size of equity of insurance companies

Calculation of the size of equity of insurance company

                                   on _________________ ______ of year
                                            (1st day of quarter)

                                                    (thousand rubles)

+--------------------------------------------------------------------+
¦     Наименование показателя             ¦Код строки¦На конец отчет-¦
¦                                         ¦          ¦ ного периода  ¦
+-----------------------------------------+----------+---------------¦
¦Уставный фонд                            ¦    01    ¦               ¦
+-----------------------------------------+----------+---------------¦
¦Добавочный фонд                          ¦    02    ¦               ¦
+-----------------------------------------+----------+---------------¦
¦Резервный фонд                           ¦    03    ¦               ¦
+-----------------------------------------+----------+---------------¦
¦Чистая прибыль (убыток) отчетного периода¦    04    ¦               ¦
+-----------------------------------------+----------+---------------¦
¦Нераспределенная (неиспользованная)      ¦    05    ¦               ¦
¦прибыль (непокрытый убыток)              ¦          ¦               ¦
+-----------------------------------------+----------+---------------¦
¦Нематериальные активы                    ¦    06    ¦               ¦
+-----------------------------------------+----------+---------------¦
¦Собственный капитал (сумма строк с 01 по ¦    07    ¦               ¦
¦05 - строка 06)                          ¦          ¦               ¦
+--------------------------------------------------------------------+

Head of ________________ _________________________

                 (signature)     (initials, surname) M.P.

Chief accountant of ____________ ________________________".

                    (signature)     (initials, surname)

7. Ceased to be valid according to the Resolution of the Ministry of Finance of the Republic of Belarus of 29.10.2014 No. 69

8. Ceased to be valid according to the Resolution of the Ministry of Finance of the Republic of Belarus of 11.06.2012 No. 35

9. This resolution establishes procedure for creation and submission of accounting records of insurance companies starting with accounting records for January, 2010.

 

First Deputy Minister

V. V. Amarin

Appendix 1

to the Resolution of the Ministry of Finance of the Republic of Belarus of January 11, 2010 No. 2

Balance sheet

                                                         on ___________ 20 __.

 

Insurance company

 

Accounting number of the payer

 

Type of economic activity

 

Form of business

 

Governing body

 

Unit of measure

 

Address

 

 

 

Approval date

 

 

Date of sending

 

 

Acceptance date

 

 

Assets

Code of line

On _________ 20 __ .

For December 31 20 __ .

1

2

3

4

I. NON-CURRENT ASSETS

 

 

 

Fixed assets

110

 

 

Intangible assets

120

 

 

Profitable investments in tangible assets

130

 

 

Including:

 

 

 

investment real estate

131

 

 

objects of finance lease (leasing)

132

 

 

other profitable investments in tangible assets

133

 

 

Investments in non-current assets

140

 

 

Long-term financial investments

150

 

 

Long-term accounts receivable

160

 

 

Deferred tax assets

170

 

 

Other non-current assets

180

 

 

TOTAL according to the Section I

190

 

 

II. CURRENT ASSETS

 

 

 

Inventories

210

 

 

Including:

 

 

 

materials

211

 

 

work in progress

212

 

 

other inventories

213

 

 

The non-current assets intended for realization

215

 

 

Deferred expenses

220

 

 

The value added tax on goods purchased, works, services

230

 

 

Share of overcautious persons in insurance reserves

240

 

 

Including:

 

 

 

reserve of not earned premium

241

 

 

reserves of losses

242

 

 

other technical reserves

243

 

 

Short-term accounts receivable

250

 

 

Short-term financial investments

260

 

 

Money and their equivalents

270

 

 

Including:
cash desk

271

 

 

deposit accounts

272

 

 

cash equivalents

273

 

 

other money

274

 

 

Other current assets

280

 

 

TOTAL according to the Section II

290

 

 

BALANCE

300

 

 

 

Equity and obligations

Code of line

On _________ 20 __ .

For December 31 20 __ .

1

2

3

4

III. EQUITY

 

 

 

Authorized capital

410

 

 

Unpaid part of the authorized capital

420

 

 

Own shares (share in the authorized capital)

430

 

 

Reserve capital

440

 

 

Including reserve fund of the salary

441

 

 

Added capital

450

 

 

Including surplus (revaluation) of cost of the real estate objects acquired at the expense of insurance reserves

451

 

 

Retained earnings (uncovered loss)

460

 

 

Net profit (loss) of the accounting period

470

 

 

Target financing

480

 

 

TOTAL according to the Section III

490

 

 

IV. INSURANCE RESERVES AND FUNDS

 

 

 

Reserves on the types of insurance relating to life insurance

500

 

 

Reserve of not earned premium

501

 

 

Reserves of losses

502

 

 

Other technical reserves

503

 

 

Other insurance reserves

504

 

 

Fund of precautionary (preventive) actions

505

 

 

Guarantee funds

506

 

 

Other funds formed according to the legislation

507

 

 

TOTAL according to the Section IV

509

 

 

V. LONG-TERM OBLIGATIONS

 

 

 

Long-term loans and loans

510

 

 

Long-term obligations on leasing payments

520

 

 

Deferred tax liabilities

530

 

 

Deferred revenues

540

 

 

Reserves of the forthcoming payments

550

 

 

Other long-term obligations

560

 

 

TOTAL according to the Section V

590

 

 

VI. SHORT-TERM OBLIGATIONS

 

 

 

Short-term loans and loans

610

 

 

Short-term part of long-term obligations

620

 

 

Short-term accounts payable

630

 

 

Including:

 

 

 

to insurers

631

 

 

to insurance agents and insurance brokers

632

 

 

to other creditors on transactions of insurance, joint insurance

633

 

 

on reinsurance transactions

634

 

 

depot of awards on the risks transferred to reinsurance

635

 

 

to suppliers and contractors

636

 

 

in the advance payments received

637

 

 

on taxes and fees

638

 

 

on social insurance and providing

639

 

 

on compensation

640

 

 

on leasing payments

641

 

 

to the owner of property (founders, participants)

642

 

 

to other creditors

643

 

 

The obligations intended for realization

650

 

 

Deferred revenues

660

 

 

Reserves of the forthcoming payments

670

 

 

Other short-term obligations

680

 

 

TOTAL according to the Section VI

690

 

 

BALANCE

700

 

 

 

Head _______________

_________________________

(signature)

(initials, surname)

 

 

Chief accountant _______________

_________________________

(signature)

(initials, surname)

__ _____________ 20 __.

 

                               

Appendix 2

to the Resolution of the Ministry of Finance of the Republic of Belarus of January 11, 2010 No. 2

Profit and loss statement

                                                 for _______________________ 20 __.

 

Insurance company

 

Accounting number of the payer

 

Type of economic activity

 

Form of business

 

Governing body

 

Unit of measure

 

Address

 

 

Name of indicators

Code of line

For ___________ 20 __ .

For ___________ 20 __ .

1

2

3

4

INCOME AND EXPENSES ON THE INSURANCE RELATING TO LIFE INSURANCE

Insurance premiums (insurance premiums), gross

010

 

 

Insurance payments

020

 

 

Change of reserves on the types of insurance relating to life insurance (+ or –)

030

 

 

Including change of reserve of additional payments

031

 

 

Contributions to guarantee fund and fund of precautionary (preventive) actions

040

 

 

Expenses on conducting case

050

 

 

Income on the activities connected with the insurance relating to life insurance

055

 

 

Expenses on the activities connected with the insurance relating to life insurance

056

 

 

Profit (loss) from transactions on the types of insurance relating to life insurance (lines 010 – 020 + (030 – 031) – 040 – 050 + 055 – 056)

060

 

 

Other incomes on the current activities

065

 

 

Other expenses on the current activities

066

 

 

Profit (loss) from the current activities for the types of insurance relating to life insurance (lines ± 060 + 065 – 066)

069

 

 

INCOME AND EXPENSES ON INSURANCE TO OTHER, THAN LIFE INSURANCE

Insurance premiums (insurance premiums), gross – all

070

 

 

Including:

 

 

 

on direct insurance and joint insurance

071

 

 

on the risks accepted in reinsurance

072

 

 

Insurance premiums on the risks transferred to reinsurance, gross

073

 

 

Insurance premiums (insurance premiums) taking into account reinsurance, net (lines 070-073)

074

 

 

Change of reserve of not earned premium, gross

080

 

 

Change of share of overcautious persons in reserve of not earned premium

081

 

 

Change of reserve of not earned premium taking into account reinsurance, net (result of lines 080 and 081)

082

 

 

Earned premiums, net (result of lines 074 and 082)

085

 

 

The paid losses (insurance payments), gross

090

 

 

Share of overcautious persons in losses (insurance payments)

091

 

 

The paid losses (insurance payments) taking into account reinsurance, net (lines 090-091)

092

 

 

Change of reserves of losses (insurance payments), gross

095

 

 

Change of share of overcautious persons in reserves of losses (insurance payments)

096

 

 

Change of reserves of losses (insurance payments) taking into account reinsurance, net (result of lines 095 and 096)

097

 

 

Earned premiums less insurance losses (insurance payments) (lines 085 – 092 + 097)

100

 

 

Change of other technical reserves

110

 

 

Change of other insurance reserves

120

 

 

Including increase in special insurance reserve on compulsory insurance with the state support of harvest of crops, the cattle and bird for the income account received from investment of this reserve

121

 

 

Contributions to funds of precautionary actions and guarantee funds

130

 

 

Contributions to other funds formed according to the legislation

140

 

 

Expenses on conducting case – all

150

 

 

Including commission fee and bonuses on the risks accepted in reinsurance

151

 

 

Commission fee and bonuses on the risks transferred to reinsurance

155

 

 

Income on the activities connected with insurance by other than life insurance

160

 

 

Expenses on the activities connected with insurance by other than life insurance

165

 

 

Profit (loss) from transactions on types of insurance other, than life insurance (lines 100 + 110 + (120 – 121) – 130 – 140 – 150 + 155 + 160 – 165)

170

 

 

Other incomes on the current activities

175

 

 

Other expenses on the current activities

176

 

 

Profit (loss) from the current activities for types of insurance other, than life insurance (lines ± 170 + 175 – 176)

179

 

 

Income on investing activities

180

 

 

Including:

 

 

 

income from fixed asset retirement, intangible assets and other non-current assets

181

 

 

income from participation in the authorized capital of other organizations

182

 

 

interest receivable

183

 

 

other incomes on investing activities

184

 

 

Expenses on investing activities

190

 

 

Including:

 

 

 

expenses from fixed asset retirement, intangible assets and other non-current assets

191

 

 

other expenses on investing activities

192

 

 

Income on financial activities

200

 

 

Including:

 

 

 

exchange differences from recalculation of assets and liabilities

201

 

 

other incomes on financial activities

202

 

 

Expenses on financial activities

210

 

 

Including:

 

 

 

percent to payment

211

 

 

exchange differences from recalculation of assets and liabilities

212

 

 

other expenses on financial activities

213

 

 

Profit (loss) from investing and financial activities (line 180 – 190 + 200 – 210)

220

 

 

Including the investment income of special insurance reserve on compulsory insurance with the state support of harvest of crops, the cattle and bird directed to increase in this reserve

230

 

 

Profit (loss) to the taxation (line + 069 + 179 + 220 – 230 + 031)

240

 

 

Income tax

250

 

 

Change of deferred tax assets

260

 

 

Change of deferred tax liabilities

270

 

 

The other taxes and fees estimated from profit (income)

280

 

 

The other payments estimated from profit (income)

285

 

 

Net profit (loss) (lines ± 240 – 250 ± 260 ± 270 – 280 – 285)

290

 

 

The result from revaluation of non-current assets which is not included in net profit (loss)

300

 

 

The result from other transactions which is not included in net profit (loss)

310

 

 

Comprehensive income (loss) (lines ± 290 ± 300 ± 310)

320

 

 

Basic profit (loss) on the share

330

 

 

Watered profit (loss) on the share

340

 

 

 

Head _______________

_________________________

(signature)

(initials, surname)

 

 

Chief accountant _______________

_________________________

(signature)

(initials, surname)

__ _____________ 20 __.


 

Appendix 3

to the Resolution of the Ministry of Finance of the Republic of Belarus of January 11, 2010 No. 2

Report on change of equity

for ____________________ 20 __.

 

Insurance company

 

Accounting number of the payer

 

Type of economic activity

 

Form of business

 

Governing body

 

Unit of measure

 

Address

 

 

Name of indicators

Code of line

Authorized capital

Unpaid part of the authorized capital

Own shares (share in the authorized capital)

Reserve capital

Added capital

Retained earnings (uncovered loss)

Net profit (loss) of the accounting period

Total

1

2

3

4

5

6

7

8

9

10

Remaining balance on 31.12.20 __ .

010

 

 

 

 

 

 

 

 

Adjustments in connection with change of accounting policy

020

 

 

 

 

 

 

 

 

Adjustments in connection with error correction

030

 

 

 

 

 

 

 

 

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.