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Ministry of Justice

Russian Federation

On October 15, 2015 No. 39335

PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 22, 2015 No. 492-P

Industry standard of financial accounting of fixed assets, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property in not credit financial credit institutions

(as amended on 22-05-2019)

Based on the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, the Art. 4225, the Art. 4273, the Art. 4295) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of September 11, 2015 No. 26) the Bank of Russia establishes for not credit financial credit institutions procedure for financial accounting of fixed assets, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property.

Chapter 1. General provisions

1.1. Financial accounting shall provide forming of reliable information about fixed assets, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined the property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property, not credit financial credit institution and changes in their structure.

1.2. By not credit financial credit institution in accounting policy methods of financial accounting of fixed asset objects, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property, and also models of accounting of fixed asset objects, intangible assets, investment property shall be determined.

1.3. Not credit financial credit institution shall have rules of document flow in financial accounting when making transactions with fixed asset objects, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property shall appoint persons responsible for documentary registration of transactions with these objects and safety of the specified objects.

1.4. For the purpose of this provision fair value of fixed asset objects, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property is understood as the price which would be received in case of sale of object when carrying out the transaction on voluntary basis in the market between participants of the market for date of assessment in the current market conditions irrespective of whether there was object selling price directly in the market or is calculated with use of other evaluation method.

Assessment of fair value is performed according to the procedure, the determined International accounting standard (IFRS) 13 "Assessment of fair value" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of December 28, 2015 No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition No. which voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on February 2, 2016 40940, on August 1, 2016 No. 43044 (further - the order of the Ministry of Finance of the Russian Federation No. 217n), with amendments, enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on July 15, 2016 No. 42869 (further - the order of the Ministry of Finance of the Russian Federation No. 98n), the order of the Ministry of Finance of the Russian Federation of July 11, 2016 No. 111n "About enforcement and cancellation of documents of International accounting standards in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on August 1, 2016 No. 43044 (further - the order of the Ministry of Finance of the Russian Federation No. 111n) (further - IFRS (IFRS) 13 "Assessment of fair value").

Not credit financial credit institution if necessary determines the evaluation methods applied in case of determination of fair value in standards of the economic actor or other internal documents.

1.5. All transactions with fixed asset objects, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property are subject to registration by source accounting documents.

1.6. Assessment of the fixed asset objects, intangible assets, investment property, inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property which cost in case of acquisition is expressed in foreign currency is determined in rubles by the official rate of foreign currency in relation to the ruble established by the Bank of Russia, operating for date of recognition of object.

1.7. Fixed asset objects, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property are subject to inventory count in cases, procedure and the terms determined by the legislation of the Russian Federation and accounting policy of not credit financial credit institution.

1.9. Not credit financial credit institution shall estimate for the end of each accounting year whether there are no signs of asset impairment according to the International accounting standard (IAS) 36 "Asset impairment" (further - IFRS (IAS) 36 "Asset impairment") enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n.

Not credit financial credit institution also shall determine for the end of each accounting year availability of signs of the fact that the loss recognized during the previous accounting periods does not exist any more or decreased. If such signs were revealed, and also in the cases provided by this Provision, not credit financial credit institution shall check assets for impairment according to IFRS (IAS) 36 "Asset impairment".

Chapter 2. Financial accounting of fixed assets

2.1. For the purpose of this provision fixed asset the object having the material and material form held for use not credit financial credit institution is recognized in case of performance of works, rendering services or for managerial needs or the administrative purposes within more than 12 months, in case of simultaneous accomplishment of the following conditions:

object is capable to bring to not credit financial credit institution economic benefits in the future;

the original cost of object can be reliably determined.

Acquisition of objects can be performed for the purpose of safety, environment protection, and also in the cases provided by sanitary and hygienic, technical and operational and other special technical regulations and requirements. Though acquisition of such objects does not lead directly to increase in future economic benefits from their use, it can be necessary for receipt of future economic benefits by the not credit financial credit institution from use of other assets or for providing the main activities therefore such objects can be acknowledged as fixed assets.

2.2. Not credit financial credit institution develops own classification similar in nature and use of fixed assets on uniform groups taking into account the specifics of activities and criteria of materiality approved in accounting policy. In particular, can treat uniform groups of fixed assets: parcels of land, buildings, vehicles, furniture, equipment, computer facilities.

2.3. Unit of financial accounting of fixed assets is inventory object. Not credit financial credit institution in standards of the economic actor or other internal documents determines, applying the professional judgement based on requirements of this provision, the minimum object of accounting which is subject to recognition as inventory object proceeding from the criteria of materiality approved in accounting policy.

2.4. As a rule, inventory fixed asset object object with all devices and accessories or the separate structurally isolated subject intended for accomplishment of certain independent functions, or the isolated complex of structurally jointed objects representing whole and intended for accomplishment of certain work is recognized. The isolated complex of structurally jointed objects is one or several objects of one or of different function, having general devices and the accessories, general management mounted on one base therefore each subject entering complex can perform the functions only as a part of complex, but not independently.

2.5. The useful life for the purpose of this provision is understood as period of time during which object will be available for use by not credit financial credit institution for the purpose of receipt of economic benefits.

In the presence at one fixed asset object of several parts (components) which useful lifex significantly differ each such part (component) is recognized independent inventory object if its cost is essential rather total cost of this fixed asset.

Part (component) can have the material and material form or represent costs for capital repairs, and also for carrying out technical inspections for detection of defects regardless of whether replacement of elements of object is made at the same time.

Costs for capital repairs and for carrying out technical inspections are recognized as part (component) of fixed asset only concerning the regular essential costs arising through certain intervals of time throughout useful life of fixed asset object.

2.6. Not credit financial credit institution has the right to unite in one object of accounting objects, uniform in nature and intended use, which separately are insignificant and to apply requirements of this provision to their aggregative cost.

Aggregative project cost of fixed assets for the purpose of this provision is understood as the cost received by way of summing of costs united in one object of accounting uniform in nature and intended use of objects.

The objects which are diverse on nature and intended use cannot be united in one object of accounting.

2.7. Accession number is assigned to each inventory fixed asset object in case of their recognition. Not credit financial credit institution determines procedure for assignment of accession numbers in need of standards of the economic actor or other internal documents.

2.8. Financial accounting of fixed assets, fixed asset depreciations is performed on the following balance sheet accounts:

No. 60401 "Fixed assets (except the earth)";

No. 60404 "Earth";

No. 60414 "Fixed asset depreciation (except the earth)";

No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets".

Depreciation is repayment of its depreciable amount, systematic during useful life of fixed asset object, which is determined as original or revaluated value of fixed asset less settlement salvage value.

Settlement salvage value of fixed asset object for the purpose of this provision is understood as the amount which not credit financial credit institution would receive from disposal of object after deduction of costs for disposal in case of achievement by subject to the termination of useful life.

If settlement salvage value of fixed asset object is insignificant proceeding from the criteria of materiality approved in accounting policy, not credit financial credit institution has the right not to consider it when calculating depreciable amount of object.

The parcels of land, and also objects of environmental management (water, subsoil and other natural resources) are subject to reflection in financial accounting on the balance sheet account No. 60404 "Earth".

Analytics of fixed assets, fixed asset depreciations are conducted on inventory objects.

Analytics shall provide availability of information on the amount of acknowledged impairment on each fixed asset object.

Not credit financial credit institution determines procedure for analytics of objects of investments in construction (construction), creation (production) and acquisition of fixed assets in standards of the economic actor or other internal documents. At the same time analytics shall provide information on cost types. In particular, can treat cost types: the acquisition price, cost of project, contract, construction and other works, installation of equipment, cost of stock, accessories and other materials, import duties, customs fees, including non-refundable taxes, other obligatory payments and other costs on capital investments.

2.9. In original cost of the fixed assets acquired for a fee the amount of actual costs of not credit financial credit institution on construction (construction), creation (production) and acquisition of fixed asset object, except for the value added tax and other recoverable taxes is recognized (except cases when not credit financial credit institution in accounting policy determines other based on the legislation of the Russian Federation).

2.10. Not credit financial credit institution shall estimate actual costs on construction (construction), creation (production) and acquisition of fixed asset objects, being guided by recognition criteria, stipulated in Item 2.1 this provision, in process of emergence of such costs.

Before readiness date of fixed asset to use according to intentions of management of not credit financial credit institution accumulated actual costs are recognized incomplete capital investments in fixed assets and are allocated in the separate group as a part of fixed assets of not credit financial credit institution which is subject to accounting on the balance sheet account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets".

Inclusion of actual costs on construction (construction), creation (production) and acquisition of fixed asset objects in original cost of fixed asset object stops when object is ready to use according to intentions of management of not credit financial credit institution that is when its location and condition allow to perform its use according to intentions of management of not credit financial credit institution (further - is ready to use).

2.11. The specific structure of actual costs on construction (construction), creation (production) and acquisition of fixed asset objects, and also costs to use is determined by not credit financial credit institution in need of standards of the economic actor or other internal documents by delivery and bringing objects to ready state.

2.12. The original cost of part (component) of the fixed asset recognized by independent inventory object according to Item 2.5 of this provision is determined by the amount of actual costs. If actual costs on separate parts (components) are not allocated as a part of actual costs for construction (construction), creation (production) and acquisition of fixed asset object, they are determined proceeding from their fair value, and in case of impossibility of its determination - on the basis of any other reasonable method of distribution of actual costs using professional judgment.

2.13. Financial accounting of transactions on construction (construction), creation (production) and acquisition of fixed assets is performed in the following procedure.

2.13.1. In case of money transfer, including in the form of advance payment, according to the agreement to the supplier (seller), the contract, project organizations accounting entries are performed:

The debit of the account No. 60312 "Settlings with suppliers and contractors" or No. 60314 "Settlings with the nonresident organizations for economic activities" (further - accounts on accounting of settlings with suppliers and contractors)

Credit of the account on the cash accounting: the settlement account in credit institution, nonresident bank, the special account or cash desk (further - the account on the cash accounting).

2.13.2. In case of receipt of fixed asset object, acceptance of the performed works and the rendered services, and also implementation of costs on delivery and finishing it to ready state to use accounting entries are performed:

Debit of the account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets"

The credit of accounts on accounting of settlings with suppliers and contractors, No. 60305 "Obligations on payment of short-term employee benefits", No. 61013 "The materials intended for construction, creation and recovery of fixed assets and investment property" and others.

2.13.3. In case of readiness of object for use accounting entries are performed:

The debit of the account No. 60401 "Fixed assets (except the earth)" or No. 60404 "Earth"

Account No. 60415 credit of "Investment in construction (construction), creation (production) and acquisition of fixed assets".

2.13.4. In case of inclusion of the value added tax (further - the VAT) in the cost of fixed asset performs the following accounting entry:

Debit of the account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets"

The account No. 60310 credit "The value added tax paid" or if not credit financial credit institution is not payer of the VAT, accounts on accounting of settlings with suppliers and contractors (on the VAT amount included in the cost of fixed asset).

2.13.5. Interest expenses (income) and other expenses (costs according to the transaction) according to financial liabilities which are directly relating to construction (construction), creation (production) or acquisition of fixed asset join in the cost of this fixed asset and are reflected the following accounting entries:

Inclusion of interest expenses according to the loan agreement or the credit agreement in the cost of fixed asset is reflected accounting entry:

Debit of the account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets"

The account No. 42317 credit "The added percent (to payment) on the raised funds of physical persons", No. 42617 "The added percent (to payment) on the raised funds of physical persons - nonresidents", No. 42709 "The added percent (to payment) on the raised funds of the Federal Treasury", No. 42809 "The added percent (to payment) on the raised funds of financial bodies of subjects of the Russian Federation and local government bodies", No. 42909 "The added percent (to payment) on the raised funds of state non-budgetary funds of the Russian Federation", No. 43009 "The added percent (to payment) on the raised funds of off-budget funds of subjects of the Russian Federation and local government bodies", No. 43109 "Added percent (to payment) on raised to funds of the financial organizations which are in federal property" No. 43209 "The added percent (to payment) on the raised funds of the commercial organizations which are in federal property", No. 43309 "The added percent (to payment) on the raised funds of the non-profit organizations which are in federal property", No. 43409 "The added percent (to payment) on the raised funds of the financial organizations which are in state (except federal) property", No. 43509 "The added percent (to payment) on the raised funds of the commercial organizations which are in state (except federal) property", No. 43609 "Added percent (to payment) on raised to funds of non-profit organizations, being in state (except federal) property", No. 43709 "Added percent (to payment) on the raised funds of the non-state financial organizations", No. 43809 "The added percent (to payment) on the raised funds of the non-state commercial organizations", No. 43909 "The added percent (to payment) on the raised funds of non-state non-profit organizations" or No. 44009 "The added percent (to payment) on the raised funds of legal entities - nonresidents" (further - the account on accounting of the added percent (to payment) on the raised funds).

Charge of the other expenses (costs according to the transaction) according to financial liabilities which are subject to inclusion in the cost of fixed asset is reflected accounting entry:

Debit of the account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets"

The credit accounts No. 52018 "The accrued expenses linked with release and the circulation of bonds" or No. 52318 "Accrued expenses, connected with release of bills of exchange".

Inclusion of other expenses (costs according to the transaction) according to the loan agreement or the credit agreement in the cost of fixed asset is reflected accounting entry:

Debit of the account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets"

The credit accounts No. 42318 "The accrued expenses linked with attraction of financial resources of physical persons", No. 42618 "Accrued expenses, connected with attraction of financial resources of physical persons - nonresidents", No. 42718 "The accrued expenses connected with attraction of financial resources of the Federal Treasury", No. 42818 "Accrued expenses, connected with attraction of financial resources of financial bodies of subjects of the Russian Federation and local government bodies", No. 42918 "Accrued expenses, connected with attraction of financial resources of state non-budgetary funds of the Russian Federation", No. 43018 "Accrued expenses, connected with attraction of financial resources of off-budget funds of subjects of the Russian Federation and local government bodies", No. 43118 "The accrued expenses connected with attraction of financial resources of the financial organizations which are in federal property", No. 43218 "Accrued expenses connected with attraction of financial resources of the commercial organizations which are in federal property", No. 43318 "The accrued expenses connected with attraction of financial resources of the non-profit organizations which are in federal property", No. 43418 "The accrued expenses connected with attraction of financial resources of the financial organizations which are in state (except federal) property", No. 43518 "The accrued expenses connected with attraction of financial resources of the commercial organizations which are in state (except federal) property", No. 43618 "The accrued expenses connected with attraction of financial resources of the non-profit organizations which are in state (except federal) property", No. 43718 "The accrued expenses connected with attraction of financial resources of the non-state financial organizations", No. 43818 "Accrued expenses, connected with attraction of financial resources of the non-state commercial organizations" No. 43918 "The accrued expenses connected with attraction of financial resources of non-state non-profit organizations" or No. 44018 "Accrued expenses, connected with attraction of financial resources of legal entities - nonresidents" (further - the account of the accrued expenses connected with attraction of financial resources).

Charge of interest (coupon) expense on bonds or the bill is reflected accounting entry:

Debit of the account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets"

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