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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of March 27, 2017 No. 46

About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of January 31, 2011 No. 3 "About approval of the Standard chart of accounts of financial accounting in banks of the second level, the mortgage organizations and Development Bank of Kazakhstan joint-stock company and approval of the Instruction for conducting financial accounting by Islamic banks

According to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", of February 28, 2007 "About financial accounting and the financial reporting", for the purpose of enhancement of regulatory legal acts of the Republic of Kazakhstan concerning conducting financial accounting by the Islamic Board of National Bank of the Republic of Kazakhstan DECIDES: banks

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of January 31, 2011 No. 3 "About approval of the Standard chart of accounts of financial accounting in banks of the second level, the mortgage organizations and Development Bank of Kazakhstan joint-stock company (registered in the Register of state registration of regulatory legal acts at No. 6793, published on October 7, 2011 in the Collection of acts of the central executive and other central state bodies of the Republic of Kazakhstan No. 11) the following changes and amendments:

change in official language is made to heading, the text in Russian does not change;

change in official language is made to Item 1, the text in Russian does not change;

in the Standard chart of accounts of financial accounting in banks of the second level, the mortgage organizations and the Development Bank of Kazakhstan joint-stock company approved by the specified resolution:

change in official language is made to heading, the text in Russian does not change;

in Chapter 1:

change in official language is made to Item 1, the text in Russian does not change;

in Chapter 2:

in paragraph 1:

after account 1552 to add with the account of the following content:

"1553

Settlings with clients on investment deposits";

after account 1728 to add with the account of the following content:

"1729

Imputed incomes on transactions with investment deposits";

in paragraph 7:

state the account name 7801 in the following edition:

"7801            Account bank of money of clients";

state the account name 7805 in the following edition:

"7805            Shares";

state the account name 7811 in the following edition:

"7811            Requirements for the assets leased (lease)";

after account 7811 to add with accounts of the following content:

"7812

Imputed incomes on lease

7813

Reserves (provisions) on covering of losses";

state the account name 7831 in the following edition:

"7831            Obligations on investment deposits";

state the account name 7833 in the following edition:

"7833            Accrued expenses on investment deposits";

after account 7833 to add with accounts of the following content:

"7834

Remuneration for management of the investment deposit

7835

Other obligations";

to exclude number and the account name 7861 "Receipt of money from the client";

7864, of 7865, of 7866, of 7867, 7868 to state account names in the following edition:

"7864 Income from participation in the authorized capital of the legal entity

7865 The income on depreciation of discount

7866 Income from recovery of reserves (provisions)

7867 The income on exchange difference

7868 Income from asset revaluation at fair value";

state the account name 7881 in the following edition:

"7881 Expenses connected with payment of remuneration for the investment deposit";

state the account name 7884 in the following edition:

"7884 Depreciation expenses of award";

"The realized expenses from asset revaluation at fair value" to exclude number and the account name 7885;

7886, 7887 to state account names in the following edition:

"7886 Expenses on exchange difference

7887 Expenses from asset revaluation at fair value";

in Chapter 3:

in paragraph 1:

after the description of account 1552 to add with number, the name and the description of the account 1553 following of content:

"1553. Settlings with clients on investment deposits (active).

Purpose of the account: Accounting of the amounts of the requirements of Islamic bank which arose in connection with early return of investment deposits to clients.

On the debit of the account the amounts of the requirements which arose in connection with early return to the client of the investment deposit according to its requirement are carried out.

On the credit of the account write-off of the amounts of requirements of Islamic bank in case of their obtaining is carried out.";

after the description of account 1728 to add with number, the name and the description of the account 1729 following contents:

"1729. Imputed incomes on transactions with investment deposits (active).

Purpose of the account: Accounting of the amounts of the added remuneration of Islamic bank in the form of part of income gained from use of the money attracted on the investment deposit.

On the debit of the account the amounts of the added remuneration from the investment deposit are carried out.

On the credit of the account write-off of the amounts of the added remuneration in case of its obtaining is carried out.";

in paragraph 2:

to state the name and the description of account 7801 in the following edition:

"7801. Account bank of money of clients (active).

Purpose of the account: Accounting of amounts of money of the clients accepted by Islamic bank under the agreement on the investment deposit.

On the debit of the account the amount of money of the clients accepted by Islamic bank under the agreement on the investment deposit is carried out.

On the credit of the account write-off of amounts of money in case of their investment, return to the client and payment of remuneration to the client and (or) Islamic bank is carried out.";

names and descriptions of accounts 7804, of 7805, of 7806, 7807 to state in the following edition:

"7804. Islamic securities (active).

Purpose of the account: Accounting of cost of the Islamic securities acquired by Islamic bank by the money accepted under the agreement on the investment deposit.

On the debit of the account the cost of the Islamic securities acquired by Islamic bank by the money accepted under the agreement on the investment deposit, depreciation amount of discount and the income from increase in fair value of Islamic securities is carried out.

On the credit of the account the cost depletion of Islamic securities in case of their sale or impairment is carried out, depreciation amount of award and expenses from lowering of fair value of Islamic securities.

7805. Shares (active).

Purpose of the account: Accounting of the amounts of investments into the authorized capital of legal entities and (or) on the terms of partnership when implementing of financing of productive and trading activity by Islamic bank by the money accepted under the agreement on the investment deposit.

On the debit of the account the amounts of investments into the authorized capital of legal entities and (or) on the terms of partnership are carried out.

On the credit of the account write-off of the amounts of investments into the authorized capital of legal entities and (or) on the terms of partnership is carried out in case of their realization or impairment.

7806. Requirements for transactions of financing of trading activity (active).

Purpose of the account: Accounting of the amounts of requirements for transactions of financing of trading activity by the money accepted under the agreement on the investment deposit.

On the debit of the account the amounts of requirements for transactions of financing of trading activity by the money accepted under the agreement on the investment deposit are carried out.

On the credit of the account write-off of the amounts of requirements for transactions of financing of trading activity in case of their repayment or impairment is carried out.

7807. Remuneration (active).

Purpose of the account: Accounting of the amounts of imputed incomes in the form of remuneration on Islamic securities, deposits and other transactions.

On the debit of the account the amount of the added remuneration on Islamic securities, deposits and other transactions is carried out.

On the credit of the account write-off of the amount of the added remuneration in case of their obtaining or impairment is carried out.";

to state the name and the description of account 7811 in the following edition:

"7811. Requirements for the assets leased (lease) (active).

Purpose of the account: Accounting of cost of the requirement which arose in connection with transfer of the fixed assets acquired by the money accepted under the agreement on the investment deposit in leasing (lease).

On the debit of the account the cost of the requirement arising by transfer of fixed assets to leasing (lease) is carried out.

On the credit of the account the cost depletion of the requirements which arose in connection with transfer of fixed assets to lease, receipt of lease payments under the agreement of leasing (lease) is carried out.";

after the description of account 7811 to add with numbers, names and descriptions of accounts 7812, 7813 following contents:

"7812. Imputed incomes on lease (active).

Purpose of the account: Accounting of the amounts of the added lease payments.

On the debit of the account the amounts of the added lease payments according to terms of the contract of leasing (lease) are carried out.

On the credit of the account write-off of the amounts of the added lease payments in case of their obtaining or impairment is carried out.

7813. Reserves (provisions) on covering of losses.

Purpose of the account: Accounting of the amounts of reserves (provisions) on covering of impairment losses of the assets acquired by the money accepted under the agreement on the investment deposit.

On the credit of the account the amounts of reserves (provisions) on covering of losses during their creation are carried out.

On the debit of the account write-off of the amounts of the created reserves (provisions) on covering of losses in case of improvement of credit quality of assets is carried out or cost depletion of the depreciated assets.";

to state the name and the description of account 7831 in the following edition:

"7831. Obligations on investment deposits (passive).

Purpose of the account: Accounting of the amounts of obligations on investment deposits.

On the credit of the account the money which arrived from the client under the agreement on the investment deposit is carried out.

On the debit of the account write-off of money in case of their withdrawal by the client is carried out.";

to state the name and the description of account 7833 in the following edition:

"7833. Accrued expenses on investment deposits (passive).

Purpose of the account: Accounting of the amounts of accrued expenses on investment deposits according to the agreement on the investment deposit.

On the credit of the account the amounts of accrued expenses on investment deposits are carried out.

On the debit of the account write-off of the amounts of accrued expenses on investment deposits in case of their payment is carried out.";

after the description of account 7833 to add with numbers, names and descriptions of accounts 7834, 7835 following contents:

"7834. Remuneration for management of the investment deposit (passive).

Purpose of the account: Accounting of the amounts of remuneration, added to Islamic bank for management of the investment deposit according to the agreement on the investment deposit.

On the credit of the account the amounts of the added remuneration for management of the investment deposit are carried out.

On the debit of the account write-off of the amount of the added remuneration for management of the investment deposit in case of their payment is carried out.

7835. Other obligations (passive).

Purpose of the account: Accounting of the amounts of the other obligations to legal entities and physical persons arising in the course of implementation of management of the money accepted under the agreement on the investment deposit.

On the credit of the account the amount of other obligations to legal entities and physical persons is carried out.

On the debit of the account write-off of the amounts of other obligations to legal entities and physical persons in case of their repayment is carried out.";

to state the name and the description of account 7851 in the following edition:

"7851. Capital (passive).

Purpose of the account: Accounting of result for the accounting period.

On the credit of the account the amounts of the income arising in the course of implementation of management of the money accepted under the agreement on the investment deposit for the accounting period when closing off-balance accounts of group No. 7860 are carried out.

On the debit of the account the expense amount, arising in the course of implementation of management of the money accepted under the agreement on the investment deposit for the accounting period when closing off-balance accounts of group No. 7880 is carried out.";

to exclude number, the name and the description of account 7861 "Receipt of money from the client";

names and descriptions of accounts 7864, of 7865, of 7866, of 7867, 7868 to state in the following edition:

"7864. Income from participation in the authorized capital of the legal entity (passive).

Purpose of the account: Accounting of the amounts of the income from participation in the authorized capital of the legal entity by the money accepted under the agreement on the investment deposit.

On the credit of the account the amounts of the income added from participation in the authorized capital of the legal entity are carried out.

On the debit of the account write-off of the amounts of imputed incomes from participation in the authorized capital of the legal entity into the off-balance account No. 7851 is carried out.

7865. The income on depreciation of discount (passive).

Purpose of the account: Accounting of the amounts of the income connected with depreciation of discount on the Islamic securities, deposits and other assets acquired by the money accepted under the agreement on the investment deposit.

On the credit of the account the amounts of the income connected with depreciation of discount are carried out.

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