ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of May 18, 2012 No. 568

About approval of some national provisions (standards) of financial accounting in public sector and changes in national provisions (standards) of financial accounting in public sector

According to part two of article 6 of the Law of Ukraine "About financial accounting and the financial reporting in Ukraine" and in pursuance of the Strategy of upgrade of the system of financial accounting in public sector for 2007-2015 approved by the resolution of the Cabinet of Ministers of Ukraine of January 16, 2007 No. 34, I ORDER:

1. Approve approved by Methodological council on financial accounting under the Ministry of Finance of Ukraine such which are applied:

National provision (standard) of financial accounting in public sector 133 "Financial investments";

National provision (standard) of financial accounting in public sector 134th "Financial instruments";

National provision (standard) of financial accounting in public sector 135th "Expenses";

Changes in the National provision (standard) of financial accounting in public sector 101 "Accounts presentations" approved by the order of the Ministry of Finance of Ukraine of December 28, 2009 No. 1541, registered in the Ministry of Justice of Ukraine on January 28, 2010 for No. 103/17398 (in edition of the order of the Ministry of Finance of Ukraine of December 24, 2010 No. 1629);

Changes in the National provision (standard) of financial accounting in public sector 102nd "Consolidated financial statements" approved by the order of the Ministry of Finance of Ukraine of December 24, 2010 No. 1629, registered in the Ministry of Justice of Ukraine on January 20, 2011 for No. 87/18825.

2. Bring in the National provision (standard) of financial accounting in public sector 123rd "Inventories" approved by the order of the Ministry of Finance of Ukraine of October 12, 2010 No. 1202, registered in the Ministry of Justice of Ukraine on November 01, 2010 for No. 1019/18314, such changes:

2.1. The eighth or eleventh item 4 of the Section І to exclude paragraphs. With respect thereto the twelfth to consider the paragraph the paragraph the eighth.

2.2. In the Section ІІ:

state Item 10 in such edition:

"10. Primary inventory cost which are produced by own forces of subjects of financial accounting in public sector their production cost which is determined by the relevant national provisions (standards) of financial accounting in public sector is recognized.";

exclude Items 11-13. With respect thereto to consider Items 14-15 respectively Items 11-12;

third Item 11 to state the paragraph in such edition:

"financial expenses;".

3. In the National provision (standard) of financial accounting in public sector 127 "Reduction of usefulness of assets", No. approved by the order of the Ministry of Finance of Ukraine of December 24, 2010 1629, registered in the Ministry of Justice of Ukraine on January 20, 2011 for No. 92/18830, the paragraph the fourth Item 3 to exclude.

With respect thereto to consider paragraphs of the fifth and sixth respectively paragraphs the fourth and fifth.

4. (Chmeruk M. O.) in accordance with the established procedure to provide to department of tax, customs policy and methodology of financial accounting submission of this order on state registration in the Ministry of Justice of Ukraine.

5. (Press service) (Kosarchuk V. P.) in ten-day time from the date of state registration of this order in the Ministry of Justice of Ukraine to provide to management of communications its promulgation on the official website of the Ministry of Finance of Ukraine on the Internet.

6. Determine that this order becomes effective from 01:01. 2015, except national provisions (standards) of financial accounting in public sector 134th "Financial instruments" and 135th "Expenses" approved by Item 1 of this order which become effective since January 01, 2017.

Determine that till January 1, 2018 regulations of this order are not applied when implementing transactions on accomplishment state and local budgets bodies of the State Treasury of Ukraine.

7. I reserve control over the implementation of this order.

Approved by the Order of the Ministry of Finance of Ukraine of May 18, 2012 No. 568

National Provision (Standard) of financial accounting in public sector 133 "Financial investments"

І. General provisions

1. This National provision (standard) determines the methodological principles of forming in financial accounting of information on financial investments, transaction by joint activities and its disclosure in the financial reporting.

2. Regulations of this National provision (standard) are applied by subjects of financial accounting in public sector (further - subjects state to the sector).

3. The terms used in national provisions (standards) of financial accounting in public sector have such value:

the amortized cost of financial investment - cost of financial investment taking into account its partial write-off as a result of reduction of usefulness which is increased (is reduced) by cumulative depreciation amount of discount (award);

effective rate of percent - percent rate which is determined by division of the amount of annual interest and discount (or differences between annual interest and award) at average size of cost of investment (or obligations) and costs of its repayment;

effective interest rate method - depreciation method of discount or award on which the depreciation amount is determined as difference between the income by fixed rate of percent and the work of effective rate and depreciated cost at the beginning of the period, for which the percent is charged;

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