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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of September 15, 2016 No. 726

About approval of the Regulations on procedure and terms of transfer in the republican budget of the means received by Asset Management Agency open joint stock company from repayment of the credits

(as amended on 16-11-2021)

Based on part two of subitem 1.15 of Item 1 and in pursuance of paragraph two of subitem 9.2 of Item 9 of the Presidential decree of the Republic of Belarus of July 14, 2016 No. 268 "About creation and activities of the open joint stock company "Asset Management Agency" Council of Ministers of the Republic of Belarus DECIDES:

1. Approve Regulations on procedure and terms of transfer in the republican budget of the means received by Asset Management Agency open joint stock company from repayment of the credits it (is applied).

2. This resolution becomes effective after its official publication.

Prime Minister of the Republic of Belarus

A. Kobyakov

 

Approved by the Resolution of Council of Ministers of the Republic of Belarus of September 15, 2016 No. 726

Regulations on procedure and terms of transfer in the republican budget of the means received by Asset Management Agency open joint stock company from repayment of the credits

1. This Provision determines procedure and terms of transfer in the republican budget of part of the means received by Asset Management Agency open joint stock company (further – the Agency) from repayment of principal debt and percent on the credits acquired at banks and "Development Bank of the Republic of Belarus" open joint stock company, according to part two of subitem 1.15 of Item 1 of the Presidential decree of the Republic of Belarus of July 14, 2016 No. 268 (further – the Decree No. 268).

2. Calculation of the part of means which is subject to transfer in the republican budget according to part two of subitem 1.15 of Item 1 of the Decree No. 268 (further – part of means), is performed by the Agency quarterly accruing result since the beginning of year:

for I–III quarters of accounting year – as difference between the amount of the means which are actually received by the Agency since the beginning of year from repayment of principal debt and percent on the credits acquired at banks and "Development Bank of the Republic of Belarus" open joint stock company according to the Decree No. 268, and the amount of the means which are not subject to transfer in the republican budget according to Item 2 of the Presidential decree of the Republic of Belarus of July 20, 2021 No. 279 "About change of the Presidential decree of the Republic of Belarus" (further – the Decree No. 279), the annual amount of the means necessary for ensuring the activities of the Agency in reporting year provided by the profit and loss budgets, operating expenses and capital investments approved by the supervisory board of the Agency, and the amount of means, actually directed since the beginning of year according to the solution of the supervisory board of the Agency on accomplishment of its obligations on bonds of own issue (except for bonds, No. emitted according to Item 2-1 of the Decree 268);

for the IV quarter of accounting year – as difference between the amount of the means which are actually received by the Agency since the beginning of year from repayment of principal debt and percent on the credits acquired at banks and "Development Bank of the Republic of Belarus" open joint stock company according to the Decree No. 268, and the amount of the means which are not subject to transfer in the republican budget according to Item 2 of the Decree No. 279, the amount of the means which are actually used for ensuring activities of the Agency in reporting year according to the profit and loss budgets, operating expenses and capital investments approved by the supervisory board of the Agency, and the amount of means, actually directed since the beginning of year according to the solution of the supervisory board of the Agency on accomplishment of its obligations on bonds of own issue (except for the bonds emitted according to Item 2-1 of the Decree No. 268).

3. Calculation of part of means for form according to appendix affirms the supervisory board of the Agency and it is represented the Agency in the Ministry of Finance:

for I-III quarters of accounting year - no later than the 20th following reporting quarter;

for the IV quarter of accounting year - no later than 5 working days after approval by general meeting of shareholders of the Agency of the annual statement, annual individual accounting (financial) accounts and profit distribution and losses of the Agency.

4. Transfer in the republican budget of part of means is made by the Agency according to the procedure, established by the Ministry of Finance and National Bank for execution of the republican budget for the income, into accounts of the Ministry of Finance on accounting of means of the republican budget:

for I-III quarters of accounting year - no later than the 22nd following reporting quarter;

for the IV quarter of accounting year - no later than 10 working days after approval by general meeting of shareholders of the Agency of the annual statement, annual individual accounting (financial) accounts and profit distribution and losses of the Agency.

If value of the part of means estimated according to Item 3 this provision less or equally to zero, transfer of part of means in the republican budget is not made.

5. If the last day of term of representation by the Agency of calculation of part of means or term of transfer by the Agency in the republican budget of part of means falls on non-working day, the next working day following it is considered day of the termination of term.

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