RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 24, 2007 No. 152

About approval of the Instruction for conducting financial accounting by banks of the second level and Development Bank of Kazakhstan joint-stock company

For the purpose of enhancement of financial accounting of banks of the second level and the Board of National Bank of the Republic of Kazakhstan DECIDES: Development Bank of Kazakhstan joint-stock company

1. Approve the enclosed Instruction for conducting financial accounting by banks of the second level and Development Bank of Kazakhstan joint-stock company.

2. This resolution becomes effective since July 01, 2008.

3. To accounting department (Shalgimbayeva N. T.):

1) together with Legal department (Sharipov SB.) take measures to state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution to bring it to the attention of the interested divisions of National Bank of the Republic of Kazakhstan, territorial branches of National Bank of the Republic of Kazakhstan, Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations, Consolidation of legal entities "The association of financiers of Kazakhstan", banks of the second level and Development Bank of Kazakhstan joint-stock company.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Akishev D. T.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2007 No. 152

Instruction for conducting financial accounting by banks of the second level and Development Bank of Kazakhstan joint-stock company

Chapter 1. General provisions

1. This Instruction for conducting financial accounting by banks of the second level and Development Bank of Kazakhstan joint-stock company (further – this Instruction) is developed according to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", of February 28, 2007 "About financial accounting and the financial reporting", the resolution of Board of National Bank of the Republic of Kazakhstan of January 31, 2011 No. 3 "About approval of the Standard chart of accounts of financial accounting in banks of the second level, the mortgage organizations, Development Bank of Kazakhstan joint-stock company, registered in the Register of state registration of regulatory legal acts at No. 6793, international accounting standards and disaggregates conducting financial accounting by banks of the second level, the Development Bank of Kazakhstan joint-stock company and the legal entity which was earlier subsidiary bank (further – banks).

2. In this Instruction the concepts provided by the Civil code of the Republic of Kazakhstan (General part) of December 27, 1994, the Civil code of the Republic of Kazakhstan (Special part) of July 1, 1999, the Law of the Republic of Kazakhstan of April 28, 1997 "About circulation of bills in the Republic of Kazakhstan", resolutions of Board of National Bank of the Republic of Kazakhstan of November 15, 1999 No. 396 "About approval of Rules of accounting of bills of exchange by banks of the second level of the Republic of Kazakhstan", No. 261 registered in the Register of state registration of regulatory legal acts at No. 1015, and of December 31, 2015 "About approval of Rules of carrying out transactions with translated and promissory notes by the banks of the second level and the organizations performing separate types of banking activities" registered in the Register of state registration of regulatory legal acts at No. 13071, and also the following concepts are used:

1) discount (discount) - the amount of the negative difference arising between original cost of financial asset / obligation (without the added remuneration) and repayment sum, forming income/deferred expenses for the investor (buyer);

2) the credit derivative - the financial instrument allowing one party (beneficiary) to transfer credit risk on asset to other party (guarantor) without resorting to physical sale of asset;

3) credit and default swap - the two-sided financial instrument on which one party (the buyer on credit and default swap to the transaction) makes periodical payments to other party (to the seller on credit and default swap to the transaction) in exchange for the payment caused by approach of credit case;

4) award - the amount of the positive difference arising between original cost of financial asset / obligation (without the added remuneration) and repayment sum, forming expenses/deferred revenues for the investor (buyer);

5) depreciation of award or discount (discount) - gradual reference of the amount, registered award or discount (discount), on the income or expenses of bank with use of effective interest rate method.

3. Financial accounting of the transactions made by banks is performed according to requirements of international accounting standards and this Instruction.

4. In this Instruction accounting methods of standard transactions of purchase and sale of financial assets for date of the conclusion of the transaction and for date of payment under the transaction according to requirements of international accounting standards are applied. The choice of one of the accounting methods of the standard transaction of purchase and sale of financial assets specified in this Item is determined in accounting policy of bank.

5. Use of intra transit accounts and making of additional accounting entries in the part which is not contradicting requirements of the Law of the Republic of Kazakhstan of February 28, 2007 "About financial accounting and the financial reporting" and international accounting standards, according to the procedure, provided by the internal documents of bank regulating conducting financial accounting is allowed.

Reflection of the amounts of the income and expenses from revaluation of foreign currency, financial instruments, the affined precious metals, derivative financial instruments and other assets in connection with change of the market rate of currency exchange or change of their fair value without division into the realized and (or) unrealized incomes and (or) expenses according to the procedure, provided by the internal documents of bank regulating conducting financial accounting of the made transactions is allowed.

Reflection of transaction amounts in foreign currency without use of accounts of foreign exchange position and countercost of foreign currency and the affined precious metals in the presence of the automated auxiliary accounting allowing to reflect in financial accounting of transaction with foreign currency and the affined precious metals of bank without use of the above-stated accounts is allowed.

Income and expenses in the form of remuneration are recognized with use of effective interest rate method according to international accounting standard (IFRS) 9 "Financial instruments".

Chapter 2. Financial accounting of transactions on asset revaluation and obligations in foreign currency and the affined precious metals

6. The asset revaluation and obligations in foreign currency is performed with frequency and according to the procedure, established by accounting policy of bank.

7. In case of asset revaluation in foreign currency according to requirements of international accounting standard (IAS) 21 "Influence of changes of the exchange rates of currencies" the following accounting entries are performed:

1) on the amount of positive exchange difference:

Dt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Kt 4703 "Income from revaluation of foreign currency",

and also on the securities carried at fair value through other comprehensive income on the amount of positive exchange difference on fair value adjustment:

Dt 1456 "The account of positive fair value adjustment of the securities carried at fair value through other comprehensive income"

1457 "The account of negative fair value adjustment of the securities carried at fair value through other comprehensive income"

Kt 3561 "Reserves of revaluation of cost of the securities carried at fair value through other comprehensive income";

2) on the amount of negative exchange difference:

Dt 5703 "Expenses from revaluation of foreign currency"

Kt 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)",

and also on the securities carried at fair value through other comprehensive income on the amount of negative exchange difference on fair value adjustment:

Dt 3561 "Reserves of revaluation of cost of the securities carried at fair value through other comprehensive income"

Kt 1456 "The account of positive fair value adjustment of the securities carried at fair value through other comprehensive income"

1457 "The account of negative fair value adjustment of the securities carried at fair value through other comprehensive income".

In case of revaluation of obligations in foreign currency according to requirements of international accounting standard (IAS) 21 "Influence of changes of the exchange rates of currencies" the following accounting entries are performed:

1) on the amount of positive exchange difference:

Dt 5703 "Expenses from revaluation of foreign currency"

Kt 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)";

2) on the amount of negative exchange difference:

Dt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Kt 4703 "Income from revaluation of foreign currency".

8. In case of asset revaluation and obligations in the affined precious metals the following accounting entries at fair value are performed:

if fair value of the affined precious metals is higher than their book value:

Dt	1010	"The affined precious metals"
Kt	2872	"Long position on the affined precious metals",

at the same time:

Dt	1874	"The countercost of the affined precious metals in tenge (long position on the affined precious metals)"
Kt	4704	"Unrealized income from revaluation of the affined precious metals",

if the book value of the affined precious metals is higher than their fair value:

Dt	1873	"Short position on the affined precious metals"
Kt	1010	"The affined precious metals",

at the same time:

Dt	5704	"Unrealized expense from revaluation of the affined precious metals"
Kt	2873	"The countercost of the affined precious metals in tenge (short position on the affined precious metals)".

9.  No. 252 is excluded according to the Resolution of Board of National Bank of the Republic of Kazakhstan of 22.12.2017

Chapter 3. Financial accounting of dealing transactions with foreign currency

Paragraph 1. Accounting of transactions spot on purchase of foreign currency by date of the conclusion of the transaction

10. In day of the conclusion of the transaction spot on purchase of foreign currency the following accounting entries are performed:

on the amount of requirements in foreign currency:

Dt 1894 "Requirements for transactions spot"

Kt 2858 "Long foreign exchange position on foreign currency";

on the amount of obligations of tenge on buying rate:

Dt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Kt 2894 "Obligations on transactions spot";

at the same time on the difference arising in case of difference of buying rate of foreign currency from accounting rate the following accounting entries are performed:

in case of excess of buying rate of foreign currency over accounting rate:

Dt 5530 "Expenses on purchase and sale of foreign currency"

Kt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)";

in case of excess of accounting rate over the buying rate of foreign currency:

Dt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Kt 4530 "Income on purchase and sale of foreign currency".

11. In case of revaluation of the transaction spot on purchase of foreign currency at the market rate of currency exchange with the frequency established by accounting policy of bank the following accounting entries are performed:

1) on the amount of negative exchange difference of change of the market rate of currency exchange:

Dt 5703 "Expenses from revaluation of foreign currency"

Kt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)";

2) on the amount of positive exchange difference of change of the market rate of currency exchange:

Dt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Kt 4703 "Income from revaluation of foreign currency".

12. For value date of the transaction spot on purchase of foreign currency after carrying out revaluation according to Item 11 of this Instruction the following accounting entries are performed:

1) on the amount of tenge transferred for purchase of foreign currency:

Dt 2894 "Obligations on transactions spot"

Kt 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks";

2) on the amount of the secured foreign currency:

Dt 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

Kt 1894 "Requirements for transactions spot".

Paragraph 2. Accounting of transactions spot on purchase of foreign currency by date of calculations

13. In day of the conclusion of the transaction spot on purchase of foreign currency the following accounting entries are performed:

1) on the amount of conditional requirements in foreign currency for purchase of foreign currency:

Dt 6405 "Conditional requirements for purchase and sale of foreign currency"

Kt 6999 "Line item according to transactions with foreign currency";

2) on the amount of contingent obligations of tenge on purchase of foreign currency:

Dt 6999 "Line item according to transactions with foreign currency"

Kt 6905 "Contingent obligations on purchase and sale of foreign currency".

14. In case of revaluation of the transaction spot on purchase of foreign currency at the market rate of currency exchange with the frequency established by accounting policy of bank the following accounting entries are performed:

1) on the amount of negative exchange difference of change of the market rate of currency exchange:

Dt 5703 "Expenses from revaluation of foreign currency"

Kt 2894 "Obligations on transactions spot";

2) on the amount of positive exchange difference of change of the market rate of currency exchange:

Dt 1894 "Requirements for transactions spot"

Kt 4703 "Income from revaluation of foreign currency";

3) on the amount of the smallest remaining balance on positive and negative change of the market rate of currency exchange:

Dt 2894 "Obligations on transactions spot"

Kt 1894 "Requirements for transactions spot".

15. For value date of the transaction spot on purchase of foreign currency the following accounting entries are performed:

1) on the amount of contingent obligations on purchase of foreign currency:

Dt 6905 "Contingent obligations on purchase and sale of foreign currency"

Kt 6999 "Line item according to transactions with foreign currency";

2) on the amount of conditional requirements for purchase of foreign currency:

Dt 6999 "Line item according to transactions with foreign currency"

Kt 6405 "Conditional requirements for purchase and sale of foreign currency";

3) on the amount of tenge and foreign currency, and also on the amount of revaluation of foreign currency:

Dt 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

Kt 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks";

4) in case of excess of buying rate of foreign currency over accounting rate

Dt 5530 "Expenses on purchase and sale of foreign currency"

Kt 2859 "Kontrstoimost of foreign exchange position";

5) in case of excess of accounting rate over the buying rate of foreign currency:

Dt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Kt 4530 "Income on purchase and sale of foreign currency";

6) reversal of earlier carried out revaluation:

Dt 2894 "Obligations on transactions spot"

Kt 5703 "Expenses from revaluation of foreign currency"

or

Dt 4703 "Income from revaluation of foreign currency"

Kt 1894 "Requirements for transactions spot".

Paragraph 3. Accounting of transactions spot selling foreign currency by date of the conclusion of the transaction

16. In day of the conclusion of the transaction spot selling foreign currency on the amount of requirements and obligations for selling rate the following accounting entries are performed:

on the amount of obligations in foreign currency:

Dt 1858 "Short foreign exchange position on foreign currency"

Kt 2894 "The obligation on transactions spot";

on the amount of requirements of tenge:

Dt 1894 "Requirements for transactions spot"

Kt 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)";

at the same time on the difference arising in case of difference of selling rate of foreign currency from accounting rate the following accounting entries are performed:

in case of excess of accounting rate over the selling rate of foreign currency:

Dt 5530 "Expenses on purchase and sale of foreign currency"

Kt 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)";

in case of excess of rate of sales of foreign currency over accounting rate:

Dt 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)"

Kt 4530 "Income on purchase and sale of foreign currency".

17. In case of revaluation of the transaction spot selling foreign currency at the market rate of currency exchange with the frequency established by accounting policy of bank the following accounting entries are performed:

1) on the amount of negative exchange difference of change of the market rate of currency exchange:

Dt 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)"

Kt 4703 "Income from revaluation of foreign currency";

2) on the amount of positive exchange difference of change of the market rate of currency exchange:

Dt 5703 "Expenses from revaluation of foreign currency"

Kt 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)".

18. For value date of the transaction spot selling foreign currency after carrying out revaluation according to Item 17 of this Instruction the following accounting entries are performed:

1) on the amount of implementable foreign currency:

Dt 2894 "Obligations on transactions spot"

Kt 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks";

2) on the amount of tenge received for realization of foreign currency:

Dt 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

Kt 1894 "Requirements for transactions spot".

Paragraph 4. Accounting of transactions spot selling foreign currency by date of calculations

18-1. In day of the conclusion of the transaction spot selling foreign currency the following accounting entries are performed:

1) on the amount of contingent obligations selling foreign currency:

Dt 6999 "Line item according to transactions with foreign currency"

Kt 6905 "Contingent obligations on purchase and sale of foreign currency";

2) on the amount of conditional requirements for sale of foreign currency:

Dt 6405 "Conditional requirements for purchase and sale of foreign currency"

Kt 6999 "Line item according to transactions with foreign currency".

18-2. In case of revaluation of the transaction spot selling foreign currency at the market rate of currency exchange with the frequency established by accounting policy of bank the following accounting entries are performed:

1) on the amount of negative exchange difference of change of the market rate of currency exchange:

Dt 1894 "Requirements for transactions spot"

Kt 4703 "Income from revaluation of foreign currency";

2) on the amount of positive exchange difference of change of the market rate of currency exchange:

Dt 5703 "Expenses from revaluation of foreign currency"

Kt 2894 "Obligations on transactions spot";

3) on the amount of the smallest remaining balance on positive and negative change of the market rate of currency exchange:

Dt 2894 "Obligations on transactions spot"

Kt 1894 "Requirements for transactions spot".

18-3. For value date of the transaction spot selling foreign currency the following accounting entries are performed:

1) on the amount of contingent obligations selling foreign currency:

Dt 6905 "Contingent obligations on purchase and sale of foreign currency"

Kt 6999 "Line item according to transactions with foreign currency";

2) on the amount of conditional requirements for sale of foreign currency:

Dt 6999 "Line item according to transactions with foreign currency"

Kt 6405 "Conditional requirements for purchase and sale of foreign currency";

3) on foreign currency amount and tenge, and also on the amount of revaluation of foreign currency:

Dt 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

Kt 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks";

4) in case of excess of accounting rate over the selling rate of foreign currency:

Dt 5530 "Expenses on purchase and sale of foreign currency"

Kt 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)";

5) in case of excess of rate of sales of foreign currency over accounting rate:

Dt 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Kt 4530 "Income on purchase and sale of foreign currency";

6) reversal of earlier carried out revaluation:

Dt 2894 "Obligations on transactions spot"

Kt 5703 "Expenses from revaluation of foreign currency"

or

Dt 4703 "Income from revaluation of foreign currency"

Kt 1894 "Requirements for transactions spot".";

state Item 26 in the following edition:

"26. In case of issue of bank loan in tenge and foreign currency the following accounting entries are performed:

1) if the amount of the granted bank loan is equal to the amount of bank loan, due for settlement:

on the amount of actually provided money:

Dt 1301 "Loans the overdraft on correspondent accounts of other banks"

1302 "The short-term loans granted other banks"

1303 "The loans overnight granted other banks"

1304 "The long-term loans granted other banks"

1407 "Factoring to clients"

1411 "The short-term loans granted clients"

1417 "The long-term loans granted clients"

1429 "The other loans granted clients"

Kt 1001 "Cash in cash desk"

1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

2203 "Current accounts of legal entities"

2204 "Current accounts of physical persons";

on the amount of the expenses incurred by the client in the form of the commission expenses connected with receipt of bank loan until receipt of bank loan (on discount amount):

Dt 1001 "Cash in cash desk"

1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

2203 "Current accounts of legal entities"

2204 "Current accounts of physical persons"

Kt 1312 "Discount on the loans granted other banks"

1434 "Discount on the loans granted clients";

2) if the amount of the granted bank loan is less than amount of bank loan, due for settlement:

on the amount of actually provided money:

Dt 1301 "Loans the overdraft on correspondent accounts of other banks"

1302 "The short-term loans granted other banks"

1303 "The loans overnight granted other banks"

1304 "The long-term loans granted other banks"

1407 "Factoring to clients"

1411 "The short-term loans granted clients"

1417 "The long-term loans granted clients"

1429 "The other loans granted clients"

Kt 1001 "Cash in cash desk"

1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

2203 "Current accounts of legal entities"

2204 "Current accounts of physical persons";

on discount amount:

Dt 1301 "Loans the overdraft on correspondent accounts of other banks"

1302 "The short-term loans granted other banks"

1303 "The loans overnight granted other banks"

1304 "The long-term loans granted other banks"

1407 "Factoring to clients"

1411 "The short-term loans granted clients"

1417 "The long-term loans granted clients"

1429 "The other loans granted clients"

Kt 1312 "Discount on the loans granted other banks"

1434 "Discount on the loans granted clients".

Agreements of bank loan are reflected in the off-balance account No. 7339 "Different values and documents" on arbitrary value of 1 (one) tenge.

 

Chapter 4. Financial accounting of supplementary transactions

19. In case of initial and/or additional contributions of money in bank deposit the following accounting entries are performed:

1) on amount of money on bank deposit agreement:

Dt	1001	"Cash in cash desk"
	1051	"Correspondent account in National Bank of the Republic of Kazakhstan"
	1052	"Correspondent accounts in other banks"
	2203	"Current accounts of legal entities"
	2204	"Current accounts of physical persons"
Kt	2021	"On-demand deposits of National Bank of the Republic of Kazakhstan"
	2022	"On-demand deposits of foreign Central Banks"
	2023	"On-demand deposits of other banks"
	2121	"Term deposits of National Bank of the Republic of Kazakhstan"
	2122	"Term deposits of foreign Central Banks"
	2123	"Short-term deposits of other banks (up to one month)"
	2124	"Short-term deposits of other banks (up to one year)"
	2125	"The deposits attracted from other banks for one night"
	2127	"Long-term deposits of other banks"
	2130	"The contribution which is providing obligations of other banks"
	2133	"Conditional deposits of other banks"
	2205	"On-demand deposits of physical persons"
	2206	"Short-term household deposits"
	2207	"Long-term household deposits"
	2208	"Conditional household deposits"
	2211	"On-demand deposits of legal entities"
	2215	"Short-term deposits of legal entities"
	2217	"Long-term deposits of legal entities"
	2219	"Conditional deposits of legal entities";

2) on discount amount:

Dt	2140	"Discount on the deposits attracted from National Bank of the Republic of Kazakhstan, foreign Central Banks and other banks"
	2239	"Discount on the deposits attracted from clients"
Kt	2021	"On-demand deposits of National Bank of the Republic of Kazakhstan"
	2022	"On-demand deposits of foreign Central Banks"
	2023	"On-demand deposits of other banks"
	2121	"Term deposits of National Bank of the Republic of Kazakhstan"
	2122	"Term deposits of foreign Central Banks"
	2123	"Short-term deposits of other banks (up to one month)"
	2124	"Short-term deposits of other banks (up to one year)"
	2125	"The deposits attracted from other banks for one night"
	2127	"Long-term deposits of other banks"
	2130	"The contribution which is providing obligations of other banks"
	2133	"Conditional deposits of other banks"
	2205	"On-demand deposits of physical persons"
	2206	"Short-term household deposits"
	2207	"Long-term household deposits"
	2208	"Conditional household deposits"
	2211	"On-demand deposits of legal entities"
	2215	"Short-term deposits of legal entities"
	2217	"Long-term deposits of legal entities"
	2219	"Conditional deposits of legal entities",

on the award amount:

Dt	1001	"Cash in cash desk"
	1051	"Correspondent account in National Bank of the Republic of Kazakhstan"
	1052	"Correspondent accounts in other banks"
	2203	"Current accounts of legal entities"
	2204	"Current accounts of physical persons"
Kt	2139	"Award on the deposits attracted from National Bank of the Republic of Kazakhstan, foreign Central Banks and other banks"
	2238	"Award on the deposits attracted from clients".

20. When charging remuneration on bank deposit agreement according to the frequency established by accounting policy of bank the following accounting entries are performed:

1) when charging reward of tenge:

Dt

5121

"The expenses connected with payment of remuneration for on-demand deposits of National Bank of the Republic of Kazakhstan"

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