RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS AND MINISTRY OF ECONOMICS OF THE REPUBLIC OF BELARUS

of December 27, 2011 No. 140/206

About approval of the Instruction about procedure of payments of solvency ratios and carrying out financial analysis and solvency of subjects of managing

Based on 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 "Questions of the Ministry of Finance of the Republic of Belarus", and subitem 6.1 of Item 6 of the Regulations on the Ministry of Economics of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of July 29, 2006 No. 967 "Single questions of the Ministry of Economics of the Republic of Belarus" and in pursuance of item 4 of the 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" the Ministry of Finance of the Republic of Belarus and the Ministry of Economics of the Republic of Belarus POSTANOVLYAYUT:

1. Approve the enclosed Instruction about procedure of payments of solvency ratios and carrying out financial analysis and solvency of subjects of managing.

2. This resolution becomes effective since April 1, 2012.

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus and the Ministry of Economics of the Republic of Belarus of December 27, 2011 No. 140/206

The instruction about procedure of payments of solvency ratios and carrying out financial analysis and solvency of subjects of managing

Chapter 1. General provisions

1. This Instruction determines procedure of payments of solvency ratios and carrying out financial analysis and solvency of subjects of managing and is applied to 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.

2. Information source for calculation of solvency ratios and carrying out financial analysis and solvency of subjects of managing are the accounting records constituted according to the resolution of the Ministry of Finance of the Republic of Belarus of December 12, 2016 No. 104 "About approval of the National accounting standard and the reporting "Individual accounting records", introduction of amendment and changes in the resolution of the Ministry of Finance of the Republic of Belarus of June 30, 2014 No. 46 and recognition voided resolutions of the Ministry of Finance of the Republic of Belarus of October 31, 2011 No. 111 and separate structural elements of some resolutions of the Ministry of Finance of the Republic of Belarus" (The national legal Internet portal of the Republic of Belarus, 31.12.2016, 8/31602).

3. Calculation of solvency ratios and financial analysis and solvencies of subjects of managing is made based on the balance sheet of the subject of managing on the last reporting date.

4. The conclusions received by results of calculation of solvency ratios of subjects of managing are used by preparation of preliminary conclusions on requests of economic courts of areas (city of Minsk) and information on financial condition of subjects of managing to the interested bodies and the organizations for their requests.

On analysis results of financial condition and solvency of subjects of managing preparation of expert opinions on financial condition and solvency of subjects of managing is carried out.

The conclusions received on the basis of financial analysis and solvency of subjects of managing and the expert opinion are used according to the legislation in production on cases on economic insolvency (bankruptcy) of subjects of managing.

Chapter 2. Procedure of payments of solvency ratios of subjects of managing

5. The coefficients used as indicators for solvency assessment and their normative values differentiated by types of economic activity are established by the 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" (The national register of legal acts of the Republic of Belarus, 2011, No. 140, 5/34926).

Values of solvency ratios are rounded to within two signs after comma.

6. The coefficient of current liquidity is determined as the relation of cost of current assets to short-term obligations of the subject of managing.

Coefficient of current liquidity (To 1) is calculated as the relation of result of the Section II of the balance sheet to result of the Section V of the balance sheet on the following formula:

where KA - current assets (line 290 of the balance sheet);

TO - short-term obligations (line 690 of the balance sheet).

7. The coefficient of security with own current assets is determined as the relation of the amount of equity and long-term obligations less the cost of non-current assets to the cost of current assets.

Coefficient of security with own current assets (To 2) is calculated as the relation of the amount of result of the Section III of the balance sheet and result of the IV balance sheet less result of the Section I of the balance sheet to result of the Section II of the balance sheet on the following formula:

where SK - equity (line 490 of the balance sheet);

TO - long-term obligations (line 590 of the balance sheet);

YES - non-current assets (line 190 of the balance sheet);

KA - current assets (line 290 of the balance sheet).

8. The coefficient of security of obligations with assets is determined as the relation of long-term and short-term obligations of the subject of managing to total cost of assets.

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