RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 22, 2017 No. 252

About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning conducting financial accounting

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" and for the purpose of enhancement of regulatory legal acts of the Republic of Kazakhstan concerning conducting the financial accounting Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the List of some regulatory legal acts of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting, according to appendix to this resolution are made.

2. To accounting department (Rakhmetova S. K.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of this resolution the direction it the copy in paper and electronic type in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;

4) within ten working days after state registration of this resolution submission to Legal department of data on execution of the actions provided by subitems 2), 3) of this Item and Item 3 of this resolution.

3. To management on consumer protection of financial services and external communications (Terentyev A. L.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Galiyeva D. T.

5. This resolution becomes effective after ten calendar days after day of its first official publication.

Appendix

to the Resolution of Board of National Bank of the Republic of Kazakhstan of December 22, 2017 No. 252

The list of some regulatory legal acts of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting are made

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 30, 2007 No. 134 "About approval of the Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks" (registered in the Register of state registration of regulatory legal acts at No. 5089) the following changes:

in the Instruction for conducting financial accounting of confidential transactions and the custodial activities of the second level by banks approved by the specified resolution:

the paragraph one of Item 37 to state in the following edition:

"37. When carrying out revaluation of the securities carried at fair value through other comprehensive income and through profit or loss the following accounting entries are performed:";

the paragraph one of Item 40 to state in the following edition:

"40. On each reporting date the bank custodian carries out the test for impairment of the securities carried at fair value through other comprehensive income and on depreciated cost according to requirements of international accounting standards and accounting policy, and performs the following accounting entries:".

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2007 No. 152 "About approval of the Instruction for conducting financial accounting by banks of the second level and Development Bank of Kazakhstan joint-stock company (registered in the Register of state registration of regulatory legal acts at No. 5109) the following changes and amendments:

in the Instruction for conducting financial accounting by banks of the second level and Development Bank of Kazakhstan joint-stock company approved by the specified resolution:

5) of Item 2 to state the subitem in the following edition:

"5) depreciation of award or discount (discount) - gradual reference of the amount, registered award or discount (discount), on the income or expenses of bank with use of effective interest rate method.";

the fourth Item 5 to state part in the following edition:

"The income and expenses in the form of remuneration are recognized with use of effective interest rate method according to international accounting standard (IFRS) 9 "Financial instruments".";

state Item 7 in the following edition:

"7. In case of asset revaluation in foreign currency according to requirements of international accounting standard (IAS) 21 "Influence of changes of the exchange rates of currencies" the following accounting entries are performed:

1) on the amount of positive exchange difference:

Дт 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Кт 4703 "Income from revaluation of foreign currency",

and also on the securities carried at fair value through other comprehensive income on the amount of positive exchange difference on fair value adjustment:

Дт 1456 "The account of positive fair value adjustment of the securities carried at fair value through other comprehensive income"

1457 "The account of negative fair value adjustment of the securities carried at fair value through other comprehensive income"

Кт 3561 "Reserves of revaluation of cost of the securities carried at fair value through other comprehensive income";

2) on the amount of negative exchange difference:

Дт 5703 "Expenses from revaluation of foreign currency"

Кт 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)",

and also on the securities carried at fair value through other comprehensive income on the amount of negative exchange difference on fair value adjustment:

Дт 3561 "Reserves of revaluation of cost of the securities carried at fair value through other comprehensive income"

Кт 1456 "The account of positive fair value adjustment of the securities carried at fair value through other comprehensive income"

1457 "The account of negative fair value adjustment of the securities carried at fair value through other comprehensive income".

In case of revaluation of obligations in foreign currency according to requirements of international accounting standard (IAS) 21 "Influence of changes of the exchange rates of currencies" the following accounting entries are performed:

1) on the amount of positive exchange difference:

Дт 5703 "Expenses from revaluation of foreign currency"

Кт 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)";

2) on the amount of negative exchange difference:

Дт 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Кт 4703 "Income from revaluation of foreign currency".";

exclude Item 9;

state Chapter 3 in the following edition:

"Chapter 3. Financial accounting of dealing transactions with foreign currency

Paragraph 1. Accounting of transactions spot on purchase of foreign currency by date of the conclusion of the transaction

10. In day of the conclusion of the transaction spot on purchase of foreign currency the following accounting entries are performed:

on the amount of requirements in foreign currency:

Дт 1894 "Requirements for transactions spot"

Кт 2858 "Long foreign exchange position on foreign currency";

on the amount of obligations of tenge on buying rate:

Дт 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Кт 2894 "Obligations on transactions spot";

at the same time on the difference arising in case of difference of buying rate of foreign currency from accounting rate the following accounting entries are performed:

in case of excess of buying rate of foreign currency over accounting rate:

Дт 5530 "Expenses on purchase and sale of foreign currency"

Кт 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)";

in case of excess of accounting rate over the buying rate of foreign currency:

Дт 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Кт 4530 "Income on purchase and sale of foreign currency".

11. In case of revaluation of the transaction spot on purchase of foreign currency at the market rate of currency exchange with the frequency established by accounting policy of bank the following accounting entries are performed:

1) on the amount of negative exchange difference of change of the market rate of currency exchange:

Дт 5703 "Expenses from revaluation of foreign currency"

Кт 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)";

2) on the amount of positive exchange difference of change of the market rate of currency exchange:

Дт 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Кт 4703 "Income from revaluation of foreign currency".

12. For value date of the transaction spot on purchase of foreign currency after carrying out revaluation according to Item 11 of this Instruction the following accounting entries are performed:

1) on the amount of tenge transferred for purchase of foreign currency:

Дт 2894 "Obligations on transactions spot"

Кт 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks";

2) on the amount of the secured foreign currency:

Дт 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

Кт 1894 "Requirements for transactions spot".

Paragraph 2. Accounting of transactions spot on purchase of foreign currency by date of calculations

13. In day of the conclusion of the transaction spot on purchase of foreign currency the following accounting entries are performed:

1) on the amount of conditional requirements in foreign currency for purchase of foreign currency:

Дт 6405 "Conditional requirements for purchase and sale of foreign currency"

Кт 6999 "Line item according to transactions with foreign currency";

2) on the amount of contingent obligations of tenge on purchase of foreign currency:

Дт 6999 "Line item according to transactions with foreign currency"

Кт 6905 "Contingent obligations on purchase and sale of foreign currency".

14. In case of revaluation of the transaction spot on purchase of foreign currency at the market rate of currency exchange with the frequency established by accounting policy of bank the following accounting entries are performed:

1) on the amount of negative exchange difference of change of the market rate of currency exchange:

Дт 5703 "Expenses from revaluation of foreign currency"

Кт 2894 "Obligations on transactions spot";

2) on the amount of positive exchange difference of change of the market rate of currency exchange:

Дт 1894 "Requirements for transactions spot"

Кт 4703 "Income from revaluation of foreign currency";

3) on the amount of the smallest remaining balance on positive and negative change of the market rate of currency exchange:

Дт 2894 "Obligations on transactions spot"

Кт 1894 "Requirements for transactions spot".

15. For value date of the transaction spot on purchase of foreign currency the following accounting entries are performed:

1) on the amount of contingent obligations on purchase of foreign currency:

Дт 6905 "Contingent obligations on purchase and sale of foreign currency"

Кт 6999 "Line item according to transactions with foreign currency";

2) on the amount of conditional requirements for purchase of foreign currency:

Дт 6999 "Line item according to transactions with foreign currency"

Кт 6405 "Conditional requirements for purchase and sale of foreign currency";

3) on the amount of tenge and foreign currency, and also on the amount of revaluation of foreign currency:

Дт 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks"

Кт 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks";

4) in case of excess of buying rate of foreign currency over accounting rate

Дт 5530 "Expenses on purchase and sale of foreign currency"

Кт 2859 "Kontrstoimost of foreign exchange position";

5) in case of excess of accounting rate over the buying rate of foreign currency:

Дт 1859 "Kontrstoimost of foreign currency in tenge (long foreign exchange position)"

Кт 4530 "Income on purchase and sale of foreign currency";

6) reversal of earlier carried out revaluation:

Дт 2894 "Obligations on transactions spot"

Кт 5703 "Expenses from revaluation of foreign currency"

or

Дт 4703 "Income from revaluation of foreign currency"

Кт 1894 "Requirements for transactions spot".

Paragraph 3. Accounting of transactions spot selling foreign currency by date of the conclusion of the transaction

16. In day of the conclusion of the transaction spot selling foreign currency on the amount of requirements and obligations for selling rate the following accounting entries are performed:

on the amount of obligations in foreign currency:

Дт 1858 "Short foreign exchange position on foreign currency"

Кт 2894 "The obligation on transactions spot";

on the amount of requirements of tenge:

Дт 1894 "Requirements for transactions spot"

Кт 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)";

at the same time on the difference arising in case of difference of selling rate of foreign currency from accounting rate the following accounting entries are performed:

in case of excess of accounting rate over the selling rate of foreign currency:

Дт 5530 "Expenses on purchase and sale of foreign currency"

Кт 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)";

in case of excess of rate of sales of foreign currency over accounting rate:

Дт 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)"

Кт 4530 "Income on purchase and sale of foreign currency".

17. In case of revaluation of the transaction spot selling foreign currency at the market rate of currency exchange with the frequency established by accounting policy of bank the following accounting entries are performed:

1) on the amount of negative exchange difference of change of the market rate of currency exchange:

Дт 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)"

Кт 4703 "Income from revaluation of foreign currency";

2) on the amount of positive exchange difference of change of the market rate of currency exchange:

Дт 5703 "Expenses from revaluation of foreign currency"

Кт 2859 "Kontrstoimost of foreign currency in tenge (short foreign exchange position)".

18. For value date of the transaction spot selling foreign currency after carrying out revaluation according to Item 17 of this Instruction the following accounting entries are performed:

1) on the amount of implementable foreign currency:

Дт 2894 "Obligations on transactions spot"

Кт 1051 "Correspondent account in National Bank of the Republic of Kazakhstan"

1052 "Correspondent accounts in other banks";

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