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RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of December 12, 2016 No. 104

About approval of the National accounting standard and the reporting "Individual accounting records", introduction of amendment and changes in the resolution of the Ministry of Finance of the Republic of Belarus of June 30, 2014 No. 46 and recognition voided resolutions of the Ministry of Finance of the Republic of Belarus of October 31, 2011 No. 111 and separate structural elements of some resolutions of the Ministry of Finance of the Republic of Belarus

(as amended on 22-12-2018)

Based on the paragraph of the fourth Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 "About financial accounting and the reporting" the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve the enclosed National accounting standard and the reporting "Individual accounting records".

2. Bring in the National accounting standard and the reporting "The consolidated accounting records", No. 46 approved by the resolution of the Ministry of Finance of the Republic of Belarus of June 30, 2014 (The national legal Internet portal of the Republic of Belarus, 14.11. 2014, 8/29244), the following amendments and changes:

"exception" to add Item 1 after the word with words of "National Bank of the Republic of Belarus";

Item 2 in paragraph six:

exclude the words "at parent entity";

"fund" to replace the word with the word "capital";

in Item 6 "millions" to replace the word with the word "thousands";

state Item 10 in the following edition:

"10. In the consolidated statements offsetting between asset items, the obligations, equity, the income, expenses, except as specified, established by the legislation is not allowed.";

in paragraphs the second and eighth Item 12, paragraphs the fourth, eighth and ninth Item 13 "fund" to replace the word with the word "capital" in the corresponding case;

in Item 14:

word in paragraph one "associate" shall be replaced with words "the authorized capital of associate";

in the paragraph the second "fund" to replace the word with the word "capital";

in Item 15:

in word part one "authorized fund" shall be replaced with words "authorized capital";

the second to exclude part;

state Item 16 in the following edition:

"16. In notes to the consolidated statements the following information is subject to disclosure:

16.1. concerning change of accounting policy:

content and reasons of change of accounting policy;

the amounts of adjustments of introductory balance of each asset item connected with this change, obligations, equity for the beginning of the earliest of the periods provided in the consolidated statements;

the amounts of adjustments of other Articles of the consolidated statements connected with this change for provided in the consolidated statements every period;

16.2. content and the amounts of changes in accounting estimates which affected indicators of the consolidated statements for the accounting period;

16.3. concerning the mistakes made in previous year (previous years) and corrected in the accounting period:

nature of mistakes;

the amounts of adjustments of introductory balance of each asset item connected with these mistakes, obligations, equity for the beginning of the earliest of the periods provided in the consolidated statements;

the amounts of adjustments of other Articles of the consolidated statements connected with these mistakes for provided in the consolidated statements every period;

16.4. on fixed assets:

original (overpriced) cost for the end of previous year and the accounting period, its change for the accounting period with allocation of the amounts of changes in result of reconstruction (upgrade, restoration) or carrying out other similar works, revaluations according to the legislation;

the applied methods of depreciation and the ranges of useful lifex;

cumulative depreciation amounts for the end of previous year and the accounting period, and also charged depreciation for the accounting period, changes of depreciation for the accounting period as a result of revaluation according to the legislation and written off depreciation on the fixed assets which were disposed in the accounting period;

the impairment amounts reflected in financial accounting as a part of expenses, recovered as a part of the income and (or) the added capital in the accounting period;

residual cost of the fixed assets pledged by the end of the reporting period;

residual cost of temporarily not used fixed assets by the end of the reporting period;

the original (overpriced) cost of completely softened fixed assets which are in operation by the end of the reporting period;

difference amount between the depreciation amount of the intra group transactions of fixed assets realized when making falling on the accounting period, the realization calculated from their original (overpriced) cost for date, and the amount of the charged depreciation of fixed assets calculated from the new original (overpriced) cost of these fixed assets created as a result of their realization.

Information specified in paragraphs the second - the fifth this subitem, reveals on groups of fixed assets;

16.5. on intangible assets:

original (overpriced) cost for the end of previous year and the accounting period, its change for the accounting period with allocation of the amount of change in result of revaluation according to the legislation;

the applied methods of depreciation and the ranges of useful lifex on intangible assets with certain useful life;

cumulative depreciation amounts for the end of previous year and the accounting period, and also charged depreciation for the accounting period, changes of depreciation for the accounting period as a result of revaluation according to the legislation and written off depreciation on the intangible assets which were disposed in the accounting period;

the impairment amounts reflected in financial accounting as a part of expenses, recovered as a part of the income and (or) the added capital in the accounting period;

residual cost of intangible assets with certain useful life by the end of the reporting period and the remained depreciation period on them;

residual cost of intangible assets with uncertain useful life by the end of the reporting period;

difference amount between the depreciation amount of the intra group transactions of intangible assets realized when making falling on the accounting period, the realization calculated from their original (overpriced) cost for date, and the amount of the charged depreciation of intangible assets calculated from the new original (overpriced) cost of these intangible assets created as a result of their realization.

Information specified in paragraphs the second - the fifth this subitem, reveals on groups of intangible assets;

16.6. on the investment real estate:

original cost of the investment real estate acquired in the accounting period;

the amount of investments of the investment real estate for the accounting period with allocation of the amount of the investments performed when making intra group transactions;

the cost of the investment real estate transferred to the operational real estate in the accounting period;

difference amount between the depreciation amount of the investment real estate realized when making intra group transactions calculated from its original (overpriced) cost for date of realization falling on the accounting period and the amount of charged depreciation of the investment real estate calculated from the new original (overpriced) cost of this investment real estate created as a result of its realization;

16.7. on inventories:

methods of assessment of inventories on their groups (types);

influence of change of methods of assessment of inventories on indicators of the consolidated statements;

actual cost of the inventories shown in the consolidated statements on the net value of realization;

the amounts of reserves under reduction in cost of inventories for the end of previous year and the accounting period, the amount of the reserves created in the accounting period under reduction in cost of inventories with allocation of the amounts of increase in the reserves created in previous periods under reduction in cost of inventories, the amounts of the reserves recovered in the accounting period under the reduction in cost of inventories, circumstances which caused recovery of reserve under reduction in cost of inventories in the accounting period;

inventory cost, pledged, by the end of the reporting period;

16.8. on the non-current assets and disposal groups recognized intended for realization:

structure of the non-current assets and disposal groups recognized intended for realization for the end of previous year and the accounting period;

circumstances of realization or method and date of this realization leading to expected realization of non-current assets and disposal groups, assumed;

the amounts of initial and subsequent impairment, the recoveries of impairment of the non-current assets recognized intended for realization, including entering disposal groups for the accounting period;

16.9. on accounts receivable with allocation of the accounts receivable which arose when making intra group transactions:

structure of accounts receivable which repayment is expected more than in 12 months after reporting date, for the end of previous year and the accounting period;

structure of accounts receivable which repayment is expected within 12 months after reporting date, for the end of previous year and the accounting period;

the amounts of doubtful debt allowances for the end of previous year and the accounting period, the amount of the doubtful debt allowances created in the accounting period with allocation of the amounts of increase in the doubtful debt allowances created in previous periods, written-off amount in the accounting period at the expense of doubtful debt allowances of accounts receivable, hopeless to obtaining, the amount of the unused doubtful debt allowances attached to the income of the accounting period;

16:10. on financial investments:

the amounts of financial investments of securities of other organizations for their types and repayment periods with allocation of the amounts of financial investments of parent entity of securities affiliated and associates for the end of previous year and the accounting period;

the amounts of the loans granted other organizations for the terms up to 12 months and more than 12 months with allocation of the loan amounts provided when making intra group transactions for the end of previous year and the accounting period;

deposit amounts of agreement parties about joint activities in common property of particular partnership for the end of previous year and the accounting period;

the amounts of reserves under impairment of short-term financial investments for the end of previous year and the accounting period, the amount of the reserves created in the accounting period under impairment of short-term financial investments with allocation of the amounts of increase in the reserves created in previous periods under impairment of short-term financial investments, the amounts of the reserves recovered in the accounting period under the impairment of short-term financial investments, circumstances which caused recovery of reserves under impairment of short-term financial investments in the accounting period;

16:11. about cash flow, belonging to discontinued operation;

16:12. on the deferred tax assets and deferred tax liabilities including added in connection with making of intra group transactions:

the constants and temporary differences which arose in the accounting period and entailed adjustment of expense (income) on the income tax of the accounting period, and also constants and deferred tax assets and obligations calculated on their basis;

the constants and temporary differences which arose in previous periods and entailed adjustment of expense (income) on the income tax of the accounting period, and also constants and deferred tax assets and obligations calculated on their basis;

16:13. according to obligations with allocation of the obligations which arose when making intra group transactions:

the amounts of the obtained and repaid long-term and short-term credits and loans, and also the amounts of the added and paid interests on them for the accounting period;

structure of long-term obligations for the end of previous year and the accounting period with allocation of obligations which repayment is expected within 12 months after reporting date;

the amount of outstanding obligations on acquisition of fixed assets by the end of the reporting period;

the amounts of reserves of the forthcoming payments for the end of previous year and the accounting period, the amount of the reserves of the forthcoming payments created in the accounting period with allocation of the amounts of increase in the reserves of the forthcoming payments created in previous periods, the amounts of the reserves of the forthcoming payments used in the accounting period, the amounts of unused reserves of the forthcoming payments attached to the income of the accounting period;

16:14. about terms of provision and the amounts of the state support got in the accounting period according to the legislation;

16:15. on equity:

the amounts of equity affiliated and associates for dates of their acquisition;

the amounts of the added dividends falling on non-controlling interests;

16:16. according to the income and expenses:

the amounts of the income and expenses on goods exchange transactions with allocation of the amounts of the income and expenses on intra group goods exchange transactions;

cost amount on accomplishment of the research, developmental and experienced and technological works recognized as expenses in the accounting period, with allocation of cost amount, the intra group transactions made when making;

cost amount on content of the investment real estate, recognized as expenses in the accounting period, with allocation of cost amount, the intra group transactions made when making;

the amount of the income from leasing of the investment real estate for the accounting period with allocation of the amount of the income from intra group transactions of leasing of the investment real estate;

the amounts of profit (loss) from discontinued operation to the taxation, tax expense on profit, to net profit (loss) from discontinued operation, profit (loss) from disposal of non-current assets or disposal group as a part of discontinued operation;

structure and the amounts of other incomes and expenses on the current, investing and financial activities;

the amounts of revenue (income) from intra group transactions of realization of inventories, actual cost of these inventories, and also procedure of payments and the amounts of unrealized profit (loss) falling on these inventories;

the amounts of the income from intra group transactions of realization of investment assets, written off residual cost of these investment assets, and also procedure of payments and the amounts of unrealized profit (loss) falling on these investment assets;

the amount of excess of cost of the share of equity of affiliated enterprise belonging to parent entity over the cost of long-term financial investments of parent entity in the authorized capital of affiliated enterprise;

the amounts of dividends and other income which are receivable parent entity from participation in the authorized capital affiliated and associates;

16:17. about the events which took place after reporting date and before approval date of the consolidated statements, the assets which significantly affected the amount, obligations, equity, the income, expenses of the organization;

16:18. about availability of the related parties, nature of the relations and the economic activities made between them in the accounting period, including:

the amounts of the economic activities and the assets which are registered by the end of the reporting period, obligations, the equity which arose in connection with making of these economic activities made in the accounting period and also conditions of implementation of economic activities, data on the provided and obtained guarantees;

the amounts of doubtful debt allowances by the end of the reporting period relating to accounts receivable of the related parties;

written-off amount in the accounting period at the expense of doubtful debt allowances and (or) on expenses of accounts receivable of the related parties, hopeless to obtaining.

Information on availability of the related parties is subject to disclosure irrespective of making in the accounting period of economic activities between these related parties;

16:19. about procedure for recalculation of the indicators of individual accounting records expressed in foreign currency affiliated and associates in official monetary unit of the Republic of Belarus and the amounts of the differences which arose in case of this recalculation;

16:20. about application of professional judgment according to the legislation.";

state Item 17 in the following edition:

"17. In notes to the consolidated statements constituted by the parent entity which is joint-stock company the following information is subject to disclosure:

the number of the shares issued by joint-stock company, its affiliated and associates and completely paid;

the number of the shares issued by joint-stock company, its affiliated and associates, not paid or paid partially;

the number of shares of joint-stock company, its affiliated and associates in the address for the end of previous year and the accounting period;

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