INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of July 9, 2018 No. 4858-U

About modification of the Provision of the Bank of Russia of December 22, 2014 No. 446-P "About procedure for determination of the income, expenses and other comprehensive income of credit institutions"

1. Based on article 57 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, Art. 4225, Art. 4273, Art. 4295; 2017, No. 1, Art. 46; No. 14, Art. 1997; No. 18, Art. 2661, Art. 2669; No. 27, Art. 3950; No. 30, Art. 4456; No. 31, Art. 4830; No. 50, Art. 7562; 2018, No. 1, Art. 66; No. 9, Art. 1286; No. 11, Art. 1584, Art. 1588; No. 18, the Art. 2557) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of July 2, 2018 No. 23) to bring in the Provision of the Bank of Russia of December 22, 2014 No. 446-P "About procedure for determination of the income, expenses and other comprehensive income of credit institutions", registered by the Ministry of Justice of the Russian Federation on February 6, 2015 No. 35910, on December 8, 2015 No. 40025, on December 12, 2017 No. 49219, the following changes.

1.1. The paragraph third Item 1.2 and the paragraph third Item 1.3 after words of "fixed assets" to add with words of "the assets in the form of right to use relating to fixed assets".

1.2. Paragraphs of the seventh - the thirteenth Item 1.6 to recognize invalid.

1.3. In Item 1.8:

in paragraph one of the word "for transaction date (transactions)" shall be replaced with words "for transaction date (transactions) or for date of reflection of revaluation of requirements and obligations for delivery of foreign currency on accounts No. 47421, No. 47424 "Revaluation of requirements and obligations for supply of precious metals, financial assets (except securities)";

adds paragraph two with words "or for date of reflection of revaluation of requirements and obligations for delivery of foreign currency on accounts No. 47421, No. 47424 "Revaluation of requirements and obligations for supply of precious metals, financial assets (except securities)".

1.4. In Item 1.9:

word in paragraph one", taking into account requirements of Items 3.2 and 16.3 of this provision for the income and expenses respectively" shall be replaced with words "or for date of reflection of revaluation of requirements and obligations for supply of precious metals on accounts No. 47421, No. 47424 "Revaluation of requirements and obligations for supply of precious metals, financial assets (except securities)", taking into account requirements of Items 3.2 and 16.3 of this provision for the income and expenses respectively";

adds paragraph two with words "or for date of reflection of revaluation of requirements and obligations for supply of precious metals on accounts No. 47421, No. 47424 "Revaluation of requirements and obligations for supply of precious metals, financial assets (except securities)".

1.5. In paragraph five of Item 3.1 of the word "the risks and benefits connected with the property right to the delivered asset are not controlled any more by the delivered (implementable) asset and does not participate in management of it, or" shall be replaced with words "control on the delivered (implementable) asset determined according to Item 33 of the International accounting standard (IFRS) 15 "Revenue under contracts with buyers" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and on recognition voided some orders of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on July 15, 2016 No. 42869, with amendments, enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of July 11, 2016 No. 111n "About enforcement and cancellation of documents of International accounting standards in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on August 1, 2016 No. 43044, the order of the Ministry of Finance of the Russian Federation of September 14, 2016 No. 156n "About introduction of the document of International accounting standards in action in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on October 5, 2016 No. 43921, the order of the Ministry of Finance of the Russian Federation of June 4, 2018 No. 125n "About introduction of the document of International accounting standards in action in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on June 21, 2018 No. 51396 (further - IFRS (IFRS) 15 "Revenue under contracts with buyers")".

1.6. State Item 3.2 in the following edition:

"3.2. The income on transactions of delivery (realization) of assets, performance of works, rendering services is recognized financial accounting in case of simultaneous observance of the conditions determined according to Item 3.1 of this provision, and also according to Items 31, 35 - 37 IFRS (IFRS) 15 "Revenue under contracts with buyers".

Income is determined by transactions of delivery (realization) of assets as difference between the cost of the received or receivable consideration (sales proceeds) and book value of assets and is recognized financial accounting for date of transfer to the buyer of control for the delivered (implementable) asset irrespective of contractual payment terms, that is advance payment, deposit, delay, payment by installments.".

1.7. In subitem 5.2.4 of Item 5.2 and in subitem 18.2.4 of Item 18.2 to exclude the word of "(leasing)".

1.8. In Item 13.1:

the paragraph one after words" (realization) of property," to add with words of "the assets in the form of right to use relating to fixed assets";

paragraph two after the words "in the main activities" to add with words of "the assets in the form of right to use relating to the real estate which is temporarily not used in the main activities".

1.9. Item 13.3 after the words "in the main activities" to add with words of "the assets in the form of right to use relating to the real estate which is temporarily not used in the main activities".

1.10. Declare Item 13.8 invalid.

1.11. State Item 13.9 in the following edition:

"13.9. The income of the lessor from property clearance in operating lease, except for specified in Item 13.7 of this provision, and also the income from leasing of the real estate which is temporarily not used in the main activities is reflected in OFR on symbol 28302.".

1.12. Recognize Items 13.10 and 13.11 invalid.

1.13. Declare Item 14.8 invalid.

1.14. To state paragraph two of Item 16.3 in the following edition:

"The expense is determined by transactions of delivery (realization) of assets as difference between book value of assets and cost of the received or receivable consideration (sales proceeds) and is recognized financial accounting for date of transfer to the buyer of control for the delivered (implementable) asset irrespective of contractual payment terms, that is advance payment, deposit, delay, payment by installments.".

1.15. In Item 25.1:

the paragraph one after words of "fixed assets" to add with words ", the assets in the form of right to use relating to fixed assets";

the paragraph the fifth after the words "in the main activities" to add with words of "the assets in the form of right to use relating to the real estate which is temporarily not used in the main activities".

1.16. In Item 25.2:

the paragraph one to state in the following edition:

"25.2. Expenses from impairment of the fixed assets, assets in the form of right to use relating to fixed assets, intangible assets are reflected in OFR on part symbols 4 "Operating expenses", expenses from impairment of the real estate which is temporarily not used in the main activities, the assets in the form of right to use relating to the real estate which is temporarily not used in the main activities are reflected in OFR on symbol 47502.";

to add paragraph two after words of "fixed assets" with words ", the assets in the form of right to use relating to fixed assets".

1.17. Item 25.3 after the words "in the main activities" to add with words of "the assets in the form of right to use relating to the real estate which is temporarily not used in the main activities".

1.18. Items 25.10 - 25.12 to recognize invalid.

1.19. State Item 26.13 in the following edition:

"26.13. Depreciation of the real estate which is temporarily not used in the main activities of the assets in the form of right to use relating to the real estate which is temporarily not used in the main activities is reflected in OFR on symbol 47506.".

1.20. Declare Item 26.20 invalid.

1.21. In Item 28.2:

to add paragraph two after words of "fixed assets" with words ", the assets in the form of right to use relating to fixed assets";

in subitem 28.2.1 of the word "Increase in Increase in Value of the Fixed Assets and Intangible Assets Estimated on Revaluated Value" shall be replaced with words "Increase in increase in value of the fixed assets, assets in the form of right to use relating to fixed assets, the intangible assets estimated on revaluated value".

1.22. In Item 28.3:

to add paragraph two after words of "fixed assets" with words ", the assets in the form of right to use relating to fixed assets";

in subitem 28.3.1 of the word "Reduction of Increase in Value of the Fixed Assets and Intangible Assets Estimated on Revaluated Value" shall be replaced with words "Reduction of increase in value of the fixed assets, assets in the form of right to use relating to fixed assets, the intangible assets estimated on revaluated value".

1.23. In appendix:

in part 2:

in Section 8:

28203 to state line of symbol in the following edition:

"

3

on transactions of finance lease

28203

X

";

28302 to state line of symbol in the following edition:

"

2

income of the lessor from property clearance in operating lease

28302

";

28303 to state line of symbol in the following edition:

"

3

income of the lessor from transactions of finance lease

28303

";

after line of symbol 28303 to add with lines of the following content:

"

4	income of the lessee from revaluation of obligations on lease	28304
5	other incomes of the lessee according to lease agreements	28305

";

state the line "Total on Symbols 28301 - 28303" in the following edition:

"

Total on symbols 28301 - 28305

0

";

to state the name of subsection 5 in the following edition:

"5. The income on real estate transactions, temporarily not used in the main activities, the assets in the form of right to use relating to the real estate which is temporarily not used in the main activities:";

line of symbol 28802 to recognize invalid;

to state the name of subsection 1 of Section 9 in the following edition:

"1. The income on transactions with the fixed assets, assets in the form of right to use relating to fixed assets and intangible assets:";

in part 4:

in Section 7:

47303 to state line of symbol in the following edition:

"

3

expenses on forming (additional accrual) of reserves on possible losses on transactions of finance lease

47303

X

";

to state the name of subsection 5 in the following edition:

"5. Expenses on real estate transactions, temporarily not used in the main activities, the assets in the form of right to use relating to the real estate which is temporarily not used in the main activities:";

line of symbol 47802 to recognize invalid;

after line of symbol 47803 to add with lines of the following content:

"

4	expenses of the lessor on transactions of finance lease	47804
5	other expenses of the lessee according to lease agreements	47805

";

state the line "Total on Symbols 47801 - 47803" in the following edition:

"

Total on symbols 47801 - 47805

0

";

in Section 8:

to state the name of subsection 2 in the following edition:

"2. Expenses on transactions with the fixed assets, assets in the form of right to use relating to the main means, intangible assets:";

to state the name of subsection 3 in the following edition:

"3. Depreciation on the fixed assets, assets in the form of right to use relating to fixed assets, and intangible assets:";

48302 to state line of symbol in the following edition:

"

2

depreciation on assets in the form of right to use

48302

X

";

48401 to state line of symbol in the following edition:

"

1

the rent on short-term lease and lease of the assets having low cost

48401

".

2. This Instruction becomes effective from the date of its official publication, except for provisions for which this Item establishes other terms of their introduction in force.

Subitems 1. 2, 1.5, 1.6, 1.13, 1.14, 1.20, paragraphs the first - third, the eleventh, the fourteenth, fifteenth, nineteenth subitem 1.23 of Item 1 become effective since January 1, 2019.

Subitems 1. 1, 1.7 - 1.12, 1.15 - 1.19, 1.21, 1.22, paragraphs the fourth - the tenth, the twelfth, thirteenth, sixteenth - the eighteenth, twentieth - the twenty eighth subitem 1.23 of Item 1 become effective since January 1, 2020.

 

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