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The document ceased to be valid since  December 30, 2017 according to Item 2 of the Resolution of the Cabinet of Ministers of Ukraine of  December 13, 2017 No. 997

RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of July 18, 2012 No. 684

About approval of the Procedure and criteria for evaluation of cost efficiency of project (investment) offers and investment projects

According to part two of article 12-1 of the Law of Ukraine "About investing activities" the Cabinet of Ministers of Ukraine decides:

1. Approve the Procedure and criteria for evaluation of cost efficiency of project (investment) offers and investment projects which are applied.

2. To the ministries and other central executive bodies to bring own regulatory legal acts into accord with this resolution.

 

Prime Minister of Ukraine
N. Azarov

Approved by the Resolution of the Cabinet of Ministers of Ukraine of July 18, 2012, No. 684

Procedure and criteria for evaluation of cost efficiency of project (investment) offers and investment projects

1. This Procedure determines the procedure of carrying out and criteria for evaluation of cost efficiency of project (investment) offers (further - investment offers), investment projects for which development and realization the state support can be provided.

2. For evaluating cost efficiency of the investment offer the subject of investing activities (further - the customer) files such documents to the Ministry of Economic Development:

the copy of the investment offer developed in the form approved by the Ministry of Economic Development which is stitched, numbered, certified by the authorized signature of the customer, and also seal (for the legal entity);

the copies of constituent documents certified in accordance with the established procedure (for the legal entity - the resident);

copies of the identity document, and the certificate of assignment of registration number of accounting card of the taxpayer (except physical persons which because of the religious beliefs refused adoption of registration number of accounting card of the taxpayer and reported about it to relevant organ of the State Tax Service and have mark in the passport) with provision of originals of the specified documents (for the physical person - the resident);

copies of balance of the customer on the last reporting date together with appendices and balances for the last three years (for the legal entity);

conclusions of the independent expert organizations (in the presence).

3. For evaluating cost efficiency of the investment project (except projects which are subject to obligatory state examination according to part one of article 15 of the Law of Ukraine "About investing activities") the customer files such documents to the Ministry of Economic Development:

the copy of the investment project developed according to the procedure and in form, the approved Ministries of Economic Development which is stitched, numbered, certified by the authorized signature of the customer, and also seal (for the legal entity);

the copies of constituent documents certified in accordance with the established procedure (for the legal entity - the resident);

copies of the identity document, and the certificate of assignment of registration number of accounting card of the taxpayer (except physical persons which because of the religious beliefs refused adoption of registration number of accounting card of the taxpayer and reported about it to relevant organ of the State Tax Service and have mark in the passport) with provision of originals of the specified documents (for the physical person - the resident);

copies of balance of the customer on the last reporting date together with appendices and balances for the last three years (for the legal entity);

conclusions of the independent expert organizations (in the presence).

4. In case of evaluating cost efficiency of investment projects which are subject to obligatory state examination the documents determined by Item 3 of this Procedure move body which carries out such expertize.

5. Responsibility for reliability of the filed documents, and also basic and settlement data provided in the investment offer or the investment project is born by the customer.

6. In case when the investment offer, the investment project do not answer the form approved by the Ministry of Economic Development, and/or documents are filed not in full, they return to the customer or body which carries out state examination, within five working days of date of their receipt in the Ministry of Economic Development.

7. Assessment of cost efficiency of the investment offer, investment project is performed by the Ministry of Economic Development by such criteria:

net present value;

internal return rate;

the discounted payback period;

profitability index.

8. Calculation of criteria of cost efficiency of the investment offer, investment project is performed taking into account Methodical recommendations about development of the investment project for which implementation the state support which affirm the Ministry of Economic Development can be provided.

9. Assessment of cost efficiency of the investment offer, investment project is carried out by the Ministry of Economic Development within one month from receipt date of the documents specified in Items 2 and 3 of this Procedure.

10. By results of assessment of cost efficiency of the investment offer, the investment project which is carried out by the Ministry of Economic Development the expert opinion which contains the main indicators of cost efficiency and can be both positive, and negative is provided to the customer or body which carries out state examination.

11. The positive expert opinion is provided in case:

net present value is positive;

the internal return rate is more than normative rate of discount;

the profitability index exceeds 1.

12. The negative expert opinion which contains accurately formulated and reasonable notes which taking into account requires essential completion of the offer or the project is provided in case:

net present value is negative;

the internal return rate is less than normative rate of discount;

the profitability index constitutes less than 1.

13. The form of the expert opinion of rather cost efficiency of the investment offer or investment project affirms the Ministry of Economic Development.

14. The expert opinion can be submitted by the customer for state registration of the investment offer, the investment project not later than six months from the date of its provision.

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

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