THE ORDER OF THE CHAIRMAN OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION OF NATURAL MONOPOLIES

of September 26, 2005 No. 280-OD

About approval of Rules of conducting separate accounting of the income, costs and the involved assets by the subjects of natural monopolies rendering services of seaports

According to the subitem 15) of Item 1 of article 14 of the Law of the Republic of Kazakhstan "About natural monopolies and the controlled markets" and the subitem 6) of Item 21 of the Regulations on the Agency of the Republic of Kazakhstan on regulation of natural monopolies and the controlled markets approved by the order of the Government of the Republic of Kazakhstan of October 12, 2007 No. 943, I ORDER:

1. Approve the enclosed Rules of conducting separate accounting of the income, costs and the involved assets as the subjects of natural monopolies rendering services of seaports.

2. To the subjects of natural monopolies rendering services of seaports:

1) to make corresponding changes to accounting policies and, till April 1, 2006, to provide them for review to the authorized body exercising control and regulation of activities in spheres of natural monopolies;

To provide 2) to Agency of the Republic of Kazakhstan on regulation of natural monopolies by August 1, 2006 the reporting under types of service for the first half of the year 2006 according to appendices to Rules of conducting separate accounting of the income, costs and the involved assets by the subjects of natural monopolies rendering services of seaports, the approved this order.

3. To department on regulation and control in the field of rail transport and ports of the Agency of the Republic of Kazakhstan for regulation of natural monopolies (Dzhumabayeva A. M.) provide in the procedure established by the legislation:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) approval of the accounting policies provided by the subjects of natural monopolies rendering services of seaports.

4. To department of administrative work and analysis of the Agency of the Republic of Kazakhstan on regulation of natural monopolies (Esirkepov E. O.) after state registration of this order in the Ministry of Justice of the Republic of Kazakhstan:

To provide 1) in the procedure established by the legislation its official publication in mass media;

2) to bring it to the attention of structural divisions and territorial authorities of the Agency of the Republic of Kazakhstan on regulation of natural monopolies, the Ministries of Transport and Communications of the Republic of Kazakhstan.

5. To impose control of execution of this order on the First Deputy Chairman of the Agency of the Republic of Kazakhstan on regulation of natural monopolies Aldabergenov N. Sh.

6. This order becomes effective from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan.

Approved by the order of the Chairman of the Agency of the Republic of Kazakhstan on regulation of natural monopolies of September 26, 2005 No. 280-OD

Rules of conducting separate accounting of the income, costs and the involved assets by the subjects of natural monopolies rendering services of seaports

Chapter 1. General provisions

2. Main objective of development of Rules is determination of the principles of maintaining, procedure for the organization and implementation by subjects of separate accounting of the income, costs and the involved assets by types of regulated services of seaports and in general on other activities for establishment of economically reasonable rates approved by authorized body.

3. Subjects keep separate account of the income, costs and the involved assets by each type of regulated services of seaports approved according to the legislation of the Republic of Kazakhstan.

4. Separate accounting represents system of collection and generalization of data on the income, costs and the involved assets separately by each type of regulated services (goods, works) of seaports.

5. Separate accounting shall be based on source documents of accounting and managerial accounting which shall provide the necessary detail level of the income, costs and the involved assets on types of service according to these rules. Rules do not change procedure and form of submission of the established financial and tax statements by subjects.

6. On the basis of these rules subjects for the purposes of conducting separate accounting develop the separate Section of accounting policy approved by authorized body, determining technique of conducting separate accounting of the income, costs and the involved assets by types of regulated services.

7. In these rules the following basic concepts are applied:

regulated services of seaports - the services of the subject performed in the field of merchant shipping;

the absorbed production costs - set of total production costs on regulated services of seaports;

business process - Articles of calculation of production costs on elements of cost items;

indirect transactions - the transactions which are carried out for implementation of several main transactions included in cost of regulated services of seaports;

direct costs - costs which have direct causes and effect relationships with certain service and therefore can be directly and are unambiguously carried to certain service;

indirect costs - costs which have causes and effect relationships along with several services (group of services) and therefore cannot be directly and are unambiguously carried to certain service, but can be distributed on services on the basis of the allocation bases reflecting origins of costs;

separate accounting - system of collection and generalization of cost information, the income, the involved assets and production indicators separately on types of activity, services, transactions of the subject, for the purpose of the analysis of cost of regulated types of activity, forming of the tariff estimate and determination of rates (the prices, rates of charges) on services.

Other concepts and terms used in these rules are applied according to the legislation of the Republic of Kazakhstan.

8. Rules include following provisions:

1) types of activity, services and transactions;

2) the principles of maintaining and the organization of separate accounting of the income, costs and the involved assets;

3) accounting treatment and asset allocations, costs and the involved assets;

4) accounting of production indicators;

5) the reporting under the income, expenses and the involved assets under types of regulated services.

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