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The document ceased to be valid since  July 1, 2017 according to Item 2 of the Order of the Minister of Finance of the Republic of Kazakhstan of December 6, 2016 No. 640

ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of October 30, 2013 No. 500

About approval of Rules of creation of consolidated financial statements by administrators of the budget programs and local authorized bodies on budget implementation

(as amended on 09-02-2016)

For the purpose of implementation of Article 118 of the Budget code of the Republic of Kazakhstan, PRIKAZYVAYU:

1. Approve the enclosed Rules of creation of consolidated financial statements as administrators of the budget programs and local authorized bodies on budget implementation.

2. Recognize invalid:

1) the order of the Minister of Finance of the Republic of Kazakhstan of June 25, 2010 No. 303 "About approval of Rules of creation by administrators of the budget programs of consolidated financial statements" (registered in the Register of state registration of regulatory legal acts on July 19, 2010 for No. 6339, No. 233 published in the Kazakhstanskaya Pravda newspaper of September 4, 2010 (26294));

2) the order of the Minister of Finance of the Republic of Kazakhstan of September 12, 2012 No. 417 "About modification and amendments in the order of the Minister of Finance of the Republic of Kazakhstan of June 25, 2010 No. 303 "About approval of Rules of creation by administrators of the budget programs of consolidated financial statements" (No. registered in the Register of state registration of regulatory legal acts on October 8, 2012 7987, No. 381-382 (27200-27201)) published in the Kazakhstanskaya Pravda newspaper of November 3, 2012.

3. To department of methodology of the budget procedures of the Ministry of Finance of the Republic of Kazakhstan (Ernazarova Z. A.) provide state registration of this order in the Ministry of Justice of the Republic of Kazakhstan and its official publication in mass media in the procedure established by the legislation.

4. This order becomes effective after ten calendar days after day of their first official publication.

Minister

B. Zhamishev

Approved by the Order of the Minister of Finance of the Republic of Kazakhstan of October 30, 2013 No. 500

Rules of creation of consolidated financial statements by administrators of the budget programs and local authorized bodies on budget implementation

Chapter 1. General provisions

1. These rules establish amount, forms, frequency, terms and procedure for creation and submission of consolidated financial statements by the administrators of the budget programs containing at the expense of republican and local budgets and local authorized bodies on budget implementation for the purposes of their provision to users.

2. The administrators of the budget programs containing at the expense of republican and local budgets and local authorized bodies on budget implementation constitute annual, semi-annual accounts in amount and in the forms established by these rules.

3. In these rules the following basic concepts are used:

the consolidated financial statements of the administrator of the budget programs are the financial reporting of the administrator of the budget programs and public institutions subordinated to it provided as the financial reporting of the single organization;

the consolidated financial statements of local authorized body on budget implementation are the financial reporting of local authorized body on budget implementation, local authorized bodies on execution of subordinate budgets and administrators of local budget programs provided as the financial reporting of the single organization;

investments into subjects of the quasi-public sector are investments of budgetary funds in the state companies, limited liability partnerships, joint-stock companies, including national managing holdings, national holdings, the national companies, participant or the shareholder of which is the state, and also the affiliated, dependent and other legal entities who are affiliirovanny with them according to legal acts of the Republic of Kazakhstan;

elimination - exception of the equal amounts on mutual transactions between the administrator of the budget programs and its subordinated public institutions or between public institutions subordinated to one administrator of the budget programs, between administrators of the budget programs, and also transactions between authorized bodies on execution of higher and subordinate budgets.

4. In case of creation of consolidated financial statements the following requirements are observed:

completeness and reliability of reflections for the accounting period of all transactions;

correctness of reference of the income and expenses by the accounting periods;

identity of data of analytics to turnovers and account balances of the synthetic accounting on the first following the accounting period;

accuracy of filling of indicators and inadmissibility of erasures and blots. In case of error correction the corresponding entries certified by persons which signed the financial reporting with indication of date of correction are made.

5. Forms of consolidated financial statements are filled in strict accordance with the indicators provided in them. Change of indicators and their codes in the approved forms of the financial reporting or entering into them of additional indicators is not allowed.

The changes of data of consolidated financial statements relating both to the current accounting period and to previous period (after their approval), are made in the consolidated financial statements constituted for the period in which misstatements of data were found.

6. In case of availability of notes and need of modification of consolidated financial statements of the administrator of republican budget programs, the central authorized body on budget implementation rejects in information system (further – IS) consolidated financial statements of the administrator of republican budget programs for introduction of corresponding changes, with indication of reason for rejection.

In case of need modification or amendments of consolidated financial statements of the administrator of local budget programs the local authorized body on budget implementation sends the written notice to the administrator of the budget programs, with indication of reasons for rejection.

The administrator of the budget programs according to the notes directed through IS or according to the written notice makes changes to the consolidated financial statements within 10 working days from the moment of receipt of the written notice or variation in IS. If changes concern the financial reporting of subordinated public institution, the administrator of the budget programs in writing notifies the relevant subordinated public institution and redirects offers on changes and amendments for their introduction within 10 working days to its separate financial statements.

Changes by the administrator of the budget programs after its delivery in authorized body on budget implementation are made to consolidated financial statements only based on the notification of authorized body on budget implementation by results of consideration of the report by it, with obligatory respect for the principles and requirements for modification of these rules and Rules of creation and the accounts presentation approved by the order of the Minister of Finance of the Republic of Kazakhstan of July 8, 2010 No. 325 (it is registered in the Register of state registration of regulatory legal acts for No. 6352).

In case of modification of consolidated financial statements, it is necessary to make corresponding changes to copy of the reporting which is earlier sent to Calculating committee on control of execution of the republican budget.

7. Address part of forms is filled in the following procedure:

the detail "Authorized Body on Budget Implementation" – the name of authorized body of area, city of republican value, the capital, area (city of regional value) on budget implementation;

the detail "Administrator of the Budget Programs" - the name and code of the administrator of the budget programs from Functional classification of expenses of the budget of Single budget classification of the Republic of Kazakhstan;

the detail "Frequency" - is specified the period of the financial reporting;

the detail "Unit of measure" - thousands of tenges (further - one thousand tenges).

8. The annual consolidated financial statements are constituted as of January 1 of the year following reporting. The semi-annual consolidated financial statements are constituted as of July 1 of the current financial year.

The annual consolidated financial statements are constituted for the calendar period from January 1 to December 31.

9. Terms of submission of consolidated financial statements for administrators of republican budget programs and for local authorized bodies of areas on budget implementation are established by the central authorized body on budget implementation, for administrators of local budget programs - local authorized bodies on budget implementation.

The consolidated financial statements administrators of republican budget programs are submitted in full forms in electronic form by means of information system of authorized body on budget implementation (further - IS). Date of submission of the report date of its transfer through IS is considered.

The consolidated financial statements are presented by administrators of local budget programs on paper in the stitched form with the numbered pages and table of contents and in electronic form in full forms.

The consolidated financial statements local authorized bodies on budget implementation of area since January 1, 2014 are submitted in full forms in electronic form.

Administrators of local budget programs represent consolidated financial statements to the relevant local authorized body on budget implementation.

Administrators of republican budget programs and local authorized bodies on budget implementation of area represent consolidated financial statements to the central authorized body on budget implementation. Date of submission of consolidated financial statements date of its transfer through IS is considered.

In case of coincidence of the term established for submission of the reporting with output (non-working) day, the consolidated financial statements are submitted for the first working day following it.

In case of discrepancy to the provided consolidated financial statements to the established forms the central authorized body on budget implementation returns without execution.

The central authorized body on budget implementation based on consolidated financial statements of administrators of republican budget programs constitutes consolidated financial statements under the republican budget, and based on consolidated financial statements of local authorized bodies on budget implementation of area - consolidated financial statements according to local budgets.

The first consolidated financial statements of local authorized body on budget implementation of area as of January 1, 2014 are submitted in time, established by the central authorized body on budget implementation.

9-1. The central authorized body on budget implementation, following the results of the first half of the year of accounting year, no later than October 1 constitutes consolidated financial statements about execution republican and local budgets as of July 1.

The annual consolidated financial statements about execution republican and local budgets for accounting financial year the central authorized body on budget implementation are constituted no later than April 25 of the year following reporting. At the same time fixed terms extend to the annual statements created for 2017 inclusive.

The purpose of creation of consolidated financial statements about execution republican and local budgets is providing interested persons with complete and reliable information about financial position, results of financial activities and changes of financial position republican and local budgets.

9-2. The annual consolidated financial statements of administrators of the budget programs are placed on the Internet portal according to the Rules of placement of information on the Internet portal of open budgets approved by the order of the Acting Minister of investments and development of the Republic of Kazakhstan of December 30, 2015 No. 1271 (it is registered in the Register of state registration of regulatory legal acts at No. 12803).

10. The amount of annual, semi-annual consolidated financial statements, includes:

1) the consolidated balance sheet in form according to Appendix 1 to these rules;

2) consolidated statement about results of financial activities on form according to Appendix 2 to these rules;

3) consolidated statement about movement of money (direct method) in form according to Appendix 3 to these rules;

4) consolidated statement about changes of net assets / the capital in form according to Appendix 4 to these rules;

5) the explanatory note to consolidated financial statements in form according to Appendix 5 to these rules.

11. The right of the first signature on annual and semi-annual consolidated financial statements the head of this body or person replacing it, the right of the second signature - the chief accountant or person heading the division providing consolidation of the financial reporting has.

In all forms of the represented consolidated financial statements near the signature of the head and chief accountant signatures (surname and initials) are surely deciphered.

12. By reorganization (merge, accession, separation, allocation) of the ministry and other executive body, property rights and obligations pass to the legal successor in case of merge and accession - according to the transfer act, and in case of separation and allocation – according to the separation balance sheet. The separation balance sheet becomes in one copy for each allocated public institution.

In case of liquidation after the expiration for presentation of claims by creditors the liquidation commission constitutes the interim liquidation balance sheet which contains the information about structure of property of the liquidated legal entity, the list of the claims declared by creditors, and also results of their consideration.

The interim liquidation balance sheet affirms the owner of property of the legal entity or the body which made the decision on liquidation of the legal entity.

After completion of settlings with creditors the liquidation commission constitutes the liquidation balance sheet which affirms the owner of property of the legal entity or the body which made the decision on liquidation of the legal entity.

In case of liquidation the liquidation balance sheet in the Consolidated balance sheet form is constituted. The financial reporting is provided before full completion of liquidation procedures.

By reorganization (separation, allocation, accession and merge) of public institution the administrator of the budget programs of former/new subordination constitutes consolidated financial statements in full of forms of annual accounts from the beginning of year to the reporting date following date of reorganization taking into account the counted balance for the beginning of year.

The administrator of the budget programs of former/new subordination represents disaggregation in form according to appendix 6 to the Rules The Consolidated Separation Balance Sheet for the beginning of year which includes:

balance for the beginning of year;

plus-minus opening balance (the reorganized public institution);

the counted balance for the beginning of year;

it is transferred to date of reorganization.

The counted balance for the beginning of year in the balance sheet of the administrator of the budget programs is determined taking into account balance for the beginning of year of the balance sheet of the reorganized public institution.

In case of merge, accession of public institutions and investment with separate functions and powers for date of transfer of former and new subordination by administrators of the budget programs the transfer statement, including disaggregations on assets, on receivables and payables is drawn up.

The amount of forms of the accounting period joins the separation or liquidation balance sheet for date of transfer and it is represented in the relevant authorized body on budget implementation by separate reports on each ministry or other executive body.

The separation balance sheet is confirmed by the signature of the head and chief accountant of the accepting and transferring party with obligatory disaggregation of the signature (surname and initials).

13. Samples of specialized forms to annual and semi-annual consolidated financial statements can be developed by the corresponding administrators of the budget programs and local authorized bodies on budget implementation in coordination with the central authorized body on budget implementation.

14. In case of creation of consolidated financial statements it is necessary to be guided by the Budget Code of the Republic of Kazakhstan, regulatory legal acts on financial accounting and the financial reporting in public institutions and these rules.

2. Stages of consolidation of the financial reporting

15. The financial reporting of local authorized bodies on budget implementation, administrators of the budget programs and their subordinated public institutions which is used by preparation of consolidated financial statements prepares as of the same reporting date.

16. The consolidated financial statements for similar transactions and other events are constituted on the basis of single accounting policy. Respectively, local authorized bodies on budget implementation, administrators of the budget programs and public institutions use single accounting principles.

17. For the purpose of respect for the principle of comparability of the financial reporting, the consolidated financial statements of current period are submitted in comparison with data of the same last accounting period.

18. Creation of consolidated financial statements of the administrator of the budget programs and public institutions subordinated to it as single economic organization is performed in the following procedure:

1) line-by-line summing of similar items of assets, obligations, net assets / capital, income and expenses, receipts and disposal of money, changes in net assets / capital;

2) elimination of the income and expenses on transactions between the administrator of the budget programs and its subordinated public institutions, and also between public institutions in one system;

3) balances by mutual calculations and transactions between the administrator of the budget programs and its subordinated public institutions, and also between public institutions in one system are completely excluded;

4) transfer of the consolidated data of the previous accounting period.

Consolidation of indicators according to tables of form 5 "The explanatory note to the financial reporting" in case of creation of consolidated financial statements by administrators of the budget programs is performed also by summing of similar items.

19. Creation of consolidated financial statements of local authorized bodies on budget implementation as single economic organization is performed in the following procedure:

1) line-by-line summing of similar items of the financial reporting of administrators of local budget programs and local authorized bodies on budget implementation. Similar items of assets, obligations, net assets / capital, income and expenses, receipts and disposal of money, changes in net assets / capital;

2) elimination of the income and expenses on transactions between local authorized bodies on execution of higher and subordinate budgets, between administrators of the budget programs.

For the purpose of exception of the double entry accounting of the income and expenses in consolidated financial statements, the amounts of the income and expenses, including on transfers and subsidies, transactions on internal crediting between authorized bodies on execution of higher and subordinate budgets are excluded;

3) balances by mutual calculations and transactions between administrators of the budget programs, and also between authorized bodies on execution of higher and subordinate budgets in case of consolidation of the financial reporting by local authorized body for budget implementation are completely excluded;

4) transfer of the consolidated data of the previous accounting period.

Consolidation of indicators according to tables of form 5 "The explanatory note to the financial reporting" in case of creation of consolidated financial statements by local authorized bodies on budget implementation is performed also by summing of similar items.

20. Investments into subjects of the quasi-public sector are represented in consolidated financial statements at the cost provided in separate financial statements of the administrator of the budget program.

3. Procedures of consolidation of the financial reporting

21. Consolidation of Articles of the Consolidated balance sheet form is performed by line-by-line addition of similar items:

Articles "Money and Their Equivalents" (code of line 010);

The articles "Short-term Financial Investments" (the code of line 011), in consolidated financial statements of local authorized body of area on budget implementation is subject to exception the amount of accounts receivable balance under the subordinate budgets provided to budget credits (account 1110 "The short-term loans granted");

The articles "Short-term Receivables on the Budget Payments" (the code of line 012), in consolidated financial statements of local authorized body of area on budget implementation is subject to exception the amount of accounts receivable balance on target transfers to subordinate budgets;

Articles "Short-term Receivables by Calculations with the Budget" (code of line 013);

Articles "Short-term Receivables of Buyers and Customers" (code of line 014);

Articles "Short-term Receivables by Departmental Calculations" (code of line 015).

In case of balance availability by mutual calculations between public institutions of one system, in case of consolidation of balance by mutual calculations for lines 015 and 216 it eliminirutsya, that is it is mutually excluded (code of line 015).

The articles "Short-term Remunerations to Obtaining" (the code of line 016), in consolidated financial statements of local authorized body of area on budget implementation is subject to exception the amount of accounts receivable balance on remunerations to obtaining under the subordinate budgets provided to budget credits;

Articles "Short-term Receivables of Workers" (code of line 017);

Articles "Short-term Receivables on Lease" (code of line 018);

Articles "Other Short-term Receivables" (code of line 019);

Articles "Inventories" (code of line 020);

Articles "The Short-term Advance Payments Issued" (code of line 021);

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