ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of December 6, 2016 No. 640

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

For the purpose of implementation of Article 118 of the Budget code of the Republic of Kazakhstan and the subitem 2) Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" 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 some orders of the Ministry of Finance of the Republic of Kazakhstan according to appendix to this order.

3. To department of methodology of financial accounting and audit of the Ministry of Finance of the Republic of Kazakhstan (Bekturova A. T.) in the procedure established by the legislation to provide:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days after state registration of this order in the Ministry of Justice of the Republic of Kazakhstan the direction on official publication in mass media and information system of law of Ad_let;

3) placement of this order on the Internet - resource of the Ministry of Finance of the Republic of Kazakhstan;

4) within ten calendar days from the date of state registration of this order in the Ministry of Justice of the Republic of Kazakhstan its direction in the Republican state company on the right of economic maintaining "The republican center of legal information" of the Ministry of Justice of the Republic of Kazakhstan for placement in Reference control bank of regulatory legal acts of the Republic of Kazakhstan.

4. This order becomes effective since July 1, 2017 and is subject to official publication.

It is approved Chairman of Committee according to the statistics Ministries of national economy of the Republic of Kazakhstan November 28, 2016

__________ N. Aydapkelov

Approved by the Order of the Minister of Finance of the Republic of Kazakhstan on December 6, 2016 No. 640

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 of creation of consolidated financial statements by administrators of the budget programs and local authorized bodies on budget implementation (further - Rules) determine procedure for creation of consolidated financial statements by administrators of the budget programs and local authorized bodies by budget implementation.

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

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

department - the department of the central authorized body on budget implementation performing functions in the sphere of execution of the republican budget and servicing of execution of local budgets;

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, the founder, 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;

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 about execution of the republican budget are the financial reporting of department and administrators of republican budget programs provided as the financial reporting of the single organization according to Article 120-1 of the Budget code of the Republic of Kazakhstan (further - the Budget code);

the consolidated financial statements about execution of the regional budget, budgets of the cities of republican value, the capital are the consolidated financial statements of the regional budget, budgets of the cities of republican value, the capital provided as the financial reporting of the single organization according to Article 120-2 of the Budget code;

local authorized body on budget implementation - the local authorized bodies financed from the local budget, performing functions in the sphere of budget implementation, conducting financial accounting, budget accounting and budget reports on execution of the local budget (further - authorized body on execution of the local budget);

authorized body on budget implementation - the body performing management and cross-industry coordination in the field of budget implementation, conducting financial accounting, the budget accounting and budget reports on execution of the republican budget;

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, between the administrator of the budget programs and the authorized body keeping financial accounting of receipts of the budget, also transactions between authorized bodies on execution of higher and subordinate budgets.

The purpose of creation of consolidated financial statements about execution of 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 of republican and local budgets.

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

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

6. No. 157 is excluded according to the Order of the Minister of Finance of the Republic of Kazakhstan of 26.02.2021

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

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

9. 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.

Changes by the administrator of the budget programs after its delivery are made to consolidated financial statements based on the notification of department with obligatory respect for the principles and requirements for modification provided in the these rules and Rules of creation and accounts presentation approved by the order of the Minister of Finance of the Republic of Kazakhstan of August 1, 2017 No. 468 (it is registered in the Register of state registration of regulatory legal acts at No. 15594).

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 the Highest auditor chamber of the Republic of Kazakhstan (further – the Highest auditor chamber).

10. Address part of forms of the financial reporting is filled in the following procedure:

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

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 "Authorized Body on Execution of the Local Budget" - the name of authorized body of area, the cities of republican value, the capital on budget implementation;

the detail "Budget Type" - is specified budget type;

the detail "Unit of measure" - thousands of tenges.

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

Administrators of republican budget programs represent semi-annual and annual consolidated financial statements to department, to the terms established by department. The term of annual consolidated financial statements of administrators of republican budget programs is established no later than February 8 of the year following reporting.

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 by means of IS in full of forms.

12. Administrators of local budget programs represent semi-annual and annual consolidated financial statements to the relevant authorized body on execution of the local budget and annual consolidated financial statements to territorial subdivision of authorized body on internal state audit.

Administrators of republican budget programs represent semi-annual and annual consolidated financial statements to department.

Administrators of republican budget programs for which the special procedure for financing according to Article 83 of the Budget code is determined represent consolidated financial statements taking into account the features established by the laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan regulating questions of the state secrets.

Administrators of republican budget programs represent annual consolidated financial statements to the Highest auditor chamber no later than three working days from the date of coordination with authorized body on budget implementation.

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 department returns on completion.

Department based on consolidated financial statements of administrators of republican budget programs constitutes consolidated financial statements about execution of the republican budget, based on consolidated financial statements of local authorized bodies of areas, cities of republican value, the capital on budget implementation of area - consolidated financial statements according to local budgets.

The consolidated financial statements according to local budgets are created in the analytical purposes and for the purpose of forming of consolidated financial statements according to the government budget.

The annual consolidated financial statements about execution of the republican budget are constituted without data on assets and liabilities of consolidated financial statements of state bodies for which the special procedure for financing according to Article 83 of the Budget code is determined.

Department and authorized body on execution of the local budget in the analytical purposes constitute semi-annual consolidated financial statements as of June 30 of the current financial year in forms according to appendices 1, of 2, of 3, of 4, 5 and 6 to these rules.

13. The right of the first signature on consolidated financial statements of the administrator of the budget programs and authorized body on execution of the relevant budget the head of this body, or person replacing it, the right of the second signature - the chief accountant or person heading the structural division providing consolidation of the financial reporting has.

The copy of the order on the right of provision of the first and second signatures in the reporting, except for administrators of the republican budget programs representing the reporting through information system is attached to the financial reporting.

In all forms of the represented consolidated financial statements near the signature of the head or person authorized by him, and the chief accountant or person heading structural division disaggregation of the signature (surname and initials) surely is specified.

Chapter 2. Stages of consolidation of the financial reporting

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

15. Creation of consolidated financial statements 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) elimination of the income and expenses on transactions between administrators of republican budget programs and authorized body on budget implementation (department);

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

5) 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;

balances by mutual calculations and transactions between the administrator of the budget programs and authorized body on budget implementation (department) are completely excluded;

6) balances by mutual calculations between authorized bodies for execution of higher and subordinate budgets in case of consolidation of the financial reporting by authorized body for budget implementation are completely excluded;

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

16. Consolidation of indicators according to tables (1-21) KFO-5 forms "The explanatory note to the financial reporting" are performed by summing of similar items. Consolidation of indicators according to tables 14, 16 and 20 is performed except for the seliminirovanny amounts.

Chapter 3. Creation of consolidated financial statements by administrators of the budget programs

Paragraph 1. Procedure for creation of consolidated financial statements by administrators of the budget programs

17. The semi-annual consolidated financial statements are constituted by administrators of the budget programs as of June 30 of the current financial year, annual consolidated financial statements - as of December 31 of the current financial year. The annual consolidated financial statements are constituted for the calendar period from January 1 to December 31.

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.

18. The amount of semi-annual, 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.

19. In case of availability of notes and need of modification of consolidated financial statements of the administrator of republican budget programs, the authorized body on budget implementation rejects in IS consolidated financial statements for introduction of corresponding changes, with indication of reason for rejection.

The administrator of the budget programs according to the notes directed through IS or based on the written notice makes changes to the consolidated financial statements within 10 (ten) 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 (ten) working days to its separate financial statements.

20. By reorganization (merge, accession, separation, allocation and transformation) of the central and other executive body, property rights and obligations pass to the legal successor in case of merge, accession and transformation - according to the transfer act, in case of separation and allocation - according to the separation balance sheet.

The separation balance sheet is constituted 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 consolidated financial statements are submitted before full completion of liquidation procedures.

By reorganization (separation, allocation, accession, merge and transformation) of public institution the administrator of the budget programs of former/new subordination constitutes consolidated financial statements in full of reporting forms 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 the KFO-6 form "The consolidated separation balance sheet" for the beginning of year, according to appendix 6 to these rules 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 and transformation of public institutions, both 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 department and in the relevant authorized body on execution of the local budget separate reports on each administrator of the budget programs 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) and are certified by seal of each of the parties.

21. The annual consolidated financial statements of administrators of the budget programs are placed on the Internet - the portal according to Rules of placement of information on the Internet - the portal of open budgets, approved by the order of the acting minister on 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).

Paragraph 2. Procedures of consolidation of the financial reporting of administrators of the budget programs

22. Consolidation of Articles of the Consolidated balance sheet KFO-1 form is performed by line-by-line addition of similar items:

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

articles "Short-term Financial Investments" (code of line 011);

articles "Short-term Receivables on the Budget Payments" (code of line 012);

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);

articles "Short-term Remunerations to Obtaining" (code of line 016);

articles "Short-term Receivables of Workers and Other Advance Holders" (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);

articles "Other Current Assets" (code of line 022);

articles "Short-term Receivables by Calculations with the Budget for Tax and Non-tax Revenues" (code of line 023);

articles "Long-term Financial Investments" (code of line 110);

articles "Long-term Receivables of Buyers and Customers" (code of line 111);

articles "Long-term Receivables on Lease" (code of line 112);

articles "Other Long-term Receivables" (code of line 113);

articles "Fixed assets" (code of line 114);

articles "Construction in Progress and Capital Investments" (code of line 115);

articles "Investment Real Estate" (code of line 116);

articles "Biological assets" (code of line 117);

articles "Intangible assets" (code of line 118);

articles "The Long-term Financial Investments Considered on Equity Method" (code of line 119);

articles "Other Non-current Assets" (code of line 120);

articles "Short-term Financial Liabilities" (code of line 210);

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