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The document ceased to be valid since  October 1, 2023 according to Item 2 of the Resolution of Council of Ministers of the Republic of Belarus of September 2, 2023 No. 574

RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of December 12, 2011 No. 1672

About determination of criteria for evaluation of solvency of subjects of managing

(as amended on 22-01-2019)

For the purpose of ensuring single methodical approach to assessment of solvency of subjects of managing, timely detection of instability of their financial condition and according to article 11 of the Law of the Republic of Belarus of July 23, 2008 "About Council of Ministers of the Republic of Belarus" and article 10 of the Law of the Republic of Belarus of July 13, 2012 "About economic insolvency (bankruptcy)" the Council of Ministers of the Republic of Belarus DECIDES:

1. As indicators for assessment of solvency of subjects of managing * to use the following coefficients (further – solvency ratios):

the coefficient of current liquidity characterizing general security of the subject of managing with current assets for repayment of short-term obligations;

the coefficient of security with own current assets characterizing availability at the subject of managing of own current assets necessary for its financial stability;

the coefficient of security of obligations with assets characterizing capability of the subject of managing to be calculated according to the obligations.

______________________________

* Subjects of managing for the purposes of this resolution are understood as the state and non-state legal entities (except state-financed, insurance companies, banks and the non-bank credit and financial organizations, associations and the unions, the state companies), their separate divisions having separate balance, individual entrepreneurs.

2. Approve the enclosed normative values of solvency ratios differentiated by types of economic activity (further - normative values of coefficients).

3. Determine that criterion:

3.1. recognitions of the subject of managing availability of coefficient of current liquidity and (or) coefficient of security with own current assets by the end of the reporting period depending on main type of economic activity, having values of more normative or equal it, and also coefficient of security of obligations with assets which value less or equally in 1, for the leasing organizations ** - less or equally 1,2 is solvent;

______________________________

** For the purposes of this resolution the leasing organizations are understood as the organizations included National Bank in the register of the leasing organizations according to the Presidential decree of the Republic of Belarus of February 25, 2014 in No. 99 "About questions of regulation of leasing activities" (The national legal Internet portal of the Republic of Belarus, 27.02.2014, 1/14857).

3.2. recognitions of the subject of managing availability at the same time of the coefficient of current liquidity and coefficient of security with own current assets by the end of the reporting period depending on main type of economic activity having values of less normative, and also coefficient of security of obligations with assets which value less or equally in 1, for the leasing organizations - less or equally 1,2 is insolvent;

3.3. the insolvency acquiring steady nature availability at the same time of the coefficient of current liquidity and coefficient of security with own current assets by the end of the reporting period depending on main type of economic activity having values of less normative within four quarters preceding creation of the last accounting records and the coefficient of security of obligations with assets important less normative or equal to it is;

3.4. the insolvency having steady nature availability at least of one of the following conditions is:

availability at the same time the coefficient of current liquidity and coefficient of security with own current assets by the end of the reporting period depending on main type of economic activity having values of less normative within four quarters preceding creation of the last accounting records and availability for date of creation of the last accounting records of the coefficient of security of obligations with assets important more normative;

availability for date of creation of the last accounting records of coefficient of security of obligations with assets, which value more 1, for the leasing organizations - more 1,2.

4. To the Ministry of Finance together with the Ministry of Economics till December 30, 2011 to determine procedure of payments of solvency ratios and carrying out financial analysis and solvency of subjects of managing, and also to take other measures for implementation of this resolution.

5. This resolution becomes effective since December 30, 2011, except for Item 4, of this resolution which is becoming effective from the date of acceptance.

Prime Minister of the Republic of Belarus

M. Myasnikovich

Approved by the Resolution of Council of Ministers of the Republic of Belarus of December 12, 2011 No. 1672

The normative values of solvency ratios differentiated by types of economic activity

Name of sections

Sections

Groups

Coefficient of current liquidity – the standard rate (To 1)

Coefficient of security with own current assets – the standard rate (To 2)

Coefficient of security of obligations with assets – the standard rate (To 3)

1. A. Selskoye, forest and fishery

01

011–017

1,5

0,2

for all types of economic activity according to the Nation-wide qualifier of types of economic activity in the Republic of Belarus – no more 0,85

02

021–024

1,5

0,2

 

03

031–032

1,5

0,2

 

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