ORDER OF THE MINISTRY OF FINANCE OF UKRAINE, FUND OF THE STATE-OWNED PROPERTY OF UKRAINE

of May 21, 2001 No. 242/855

About approval of the Evaluation procedure of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones during privatization (corporatisation)

In pursuance of the resolution of the Cabinet of Ministers of Ukraine of December 10, 2003 and for the purpose of establishment of single evaluation procedure of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones during privatization (corporatisation) we ORDER to N1891 "About Approval of the Technique of Assessment of Property":

1. Approve the Evaluation procedure of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones during privatization (corporatisation) which is applied.

2. In accordance with the established procedure to provide to management of control of the address of precious metals and gemstones of Department of external commercial relations of the Ministry of Finance of Ukraine (V.V.'s Vidolob) provision of this order on state registration in the Ministry of Justice of Ukraine.

3. (Lebed N. P.) to provide to management of assessment of property and financial and economic analysis of Fund of state-owned property of Ukraine publication of this order in "The state newsletter on privatization".

4. Declare invalid the Regulations on value assessment of precious metals and gemstones during privatization approved by the order of the Ministry of Finance of Ukraine of November 11, 1999 N271 and registered in the Ministry of Justice of Ukraine on November 25, 1999 for N 815/4108.

5. To impose control of execution of this order on the First Deputy Minister of Finance of Ukraine Germanchuk P. K. and First Deputy Chairman of Fund of state-owned property of Ukraine Chechetov M. V.

Approved by the Order of the Ministry of Finance of Ukraine and Fund of state-owned property of Ukraine on May 21, 2001, No. 42/855

Evaluation procedure of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones during privatization (corporatisation)

1. General provisions

1.1. This Procedure is developed according to Item 47 of the Technique of assessment of property approved by the resolution of the Cabinet of Ministers of Ukraine of December 10, 2003 N1891.

1.2. In this Procedure terms and the concepts "precious metals", "gemstones", "gemstones of organogenic education" and "semiprecious stones" are used according to the terms and concepts determined by the Law of Ukraine "About state regulation of production, production and use of precious metals and gemstones and control of transactions with them"; the term "decorative stones" - according to the resolution of the Cabinet of Ministers of Ukraine of July 27, 1994 N512 "About General Classification and Value Assessment of Natural Stones". Other terms and concepts which are used in this Procedure are used in the values determined by the Technique of assessment of property approved by the resolution of the Cabinet of Ministers of Ukraine of December 10, 2003 N1891.

1.3. In connection therewith Rather assessment of precious metals, gemstones, gemstones of organogenic education, the semiprecious and decorative stones which are in the state-owned and utility property, in property of the Autonomous Republic of Crimea and subject to entering into authorized capitals of economic societies, and also in property of the lessee in case of entering into authorized capital of joint-stock company of property of the rent company is performed.

2. Evaluation procedure of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones

2.1. Assessment of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones is carried out by the Ministry of Finance of Ukraine.

2.2. For cost determination of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones the privatization authority (body, authorized to manage state-owned property) submits to the Ministry of Finance of Ukraine the application of the established sample (appendix 1). The corresponding materials necessary for evaluating the specified assets are enclosed to the application (appendix 2).

2.3. Assessment of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones is carried out in such procedure:

2.3.1. Determination of the actual amounts of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones, the tool with content of natural diamonds (irrespective of their condition and the fact of display on balance and off-balance sheet accounts of financial accounting).

2.3.2. Establishment of amounts of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones; the tool with content of the natural diamonds which are subject to inclusion in authorized capital of open joint stock company and not subject to inclusion in authorized capital of open joint stock company. Amounts of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones, the tool with content of the natural diamonds which are not subject to inclusion in authorized capital of open joint stock company are enlisted in the State fund of precious metals and gemstones of Ukraine and transferred to the State storage of precious metals and gemstones of Ukraine.

2.3.3. For assessment:

precious metals their book value is applied and if book value is lower than their operating cost, then purchase prices on the bank metals established by the order of the National Bank of Ukraine and operating for date of assessment are applied;

the precious metals containing in scrap and waste purchase prices on the bank metals established by the order of the National Bank of Ukraine and operating for date of assessment behind assignment of cost of conversion of scrap and waste are applied. Proceeding from classification of scrap and waste of precious metals, the Ministry of Finance of Ukraine determines processing enterprises for establishment of cost of conversion of scrap and waste for the purpose of withdrawal of precious metals of the corresponding standards of purity;

gemstones, gemstones of organogenic education, semiprecious and decorative stones cost according to the expert opinion of the State gemological center which is determined based on conducting gemological examination of the specified assets is considered, are published in information spravochnikovom the "Precious and Decorative Stones" edition which is published according to the resolution of the Cabinet of Ministers of Ukraine of May 31, 1995 N369 "About the Edition of Reference Books of Wholesale Prices for Diamonds, Precious, Semiprecious and Decorative Stones", and affect date of assessment;

the tool with content of natural diamonds cost according to the conclusion of Institute of supersolid materials NAS of Ukraine in which residual cost of the tool and content in it natural diamonds is specified is considered.

2.4. In case of need the subject of business activity provides access for specialists of the Ministry of Finance of Ukraine to subject to privatization (corporatisation) for clarification of the questions which are within its competence.

2.5. The subject of business activity which property is privatized (is corporatized), bears responsibility for reliability of provided information, calculations and the filed documents.

3. Procedure for approval of cost of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones for inclusion in authorized capital of open joint stock company

3.1. The Ministry of Finance of Ukraine in 15-day time of receipt date of information specified in item 2.2 of this Procedure carries out assessment of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones and agrees to inclusion of their cost in authorized capital of open joint stock company with indication of amounts and the cost of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones, residual cost of the tool with content of natural diamonds (with indication of content in it natural diamonds), determines conditions of further use of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones, the tool with content of natural diamonds concerning which the decision on their non-inclusion in authorized capital of open joint stock company is made, and also submits the specified information to privatization authority (in body, authorized to manage state-owned property).

3.2. The privatization authority (body, authorized to manage state-owned property) after approval of the appraisal report of property of open joint stock company submits within 10-day term to the Ministry of Finance of Ukraine confirmations of the actual amounts and cost of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones, the tool with content of the natural diamonds included in authorized capital of open joint stock company.

3.3. The provisions stated in Section 3 of this Procedure do not extend to the precious metals containing in devices, the equipment and other products which accounting is performed in the state statistic report in the N 4-form of dm "Report on remaining balance, receipts and expenses of precious metals which contain in devices, the equipment and other products". Assessment of the specified property is regulated by general requirements of the Technique of assessment of property approved by the resolution of the Cabinet of Ministers of Ukraine of December 10, 2003 N1891.

Appendix 1

to the Evaluation procedure of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones during privatization (corporatisation) approved by the order of the Ministry of Finance of Ukraine and Fund of state-owned property of Ukraine of May 21, 2001 No. 242/855

 
Наименование заявителя ______________________________________________
______________________________________________________________________
      (государственный орган приватизации (орган, уполномоченный
                управлять государственным имуществом)

                              ЗАЯВЛЕНИЕ

     Просим осуществить   оценку   драгоценных  металлов,  драгоценных
камней,  драгоценных камней органогенного образования, полудрагоценных
и декоративных камней
______________________________________________________________________
           (полное название предприятия, имущество которого
                 приватизируется (корпоратизируется)
______________________________________________________________________
                 (идентификационный код предприятия)
______________________________________________________________________
                          (местонахождение)
______________________________________________________________________
                              (телефон)

     Подпись руководителя государственного органа
     приватизации (органа, уполномоченного
     управлять государственным имуществом) 

Appendix 2

to the Evaluation procedure of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones during privatization (corporatisation) approved by the order of the Ministry of Finance of Ukraine and Fund of state-owned property of Ukraine of May 21, 2001 No. 242/855

The list of documents which are provided for evaluating precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones during privatization (corporatisation)

1. The copy of the license of the Ministry of Finance of Ukraine for the corresponding type of activity with precious metals and gemstones.

2. Copies of the corresponding forms of the state statistical reporting and references in two last years:

Dm N 1 "The report on remaining balance, receipts and expenses of natural and synthetic diamonds and supersolid materials in the tool, powders and pastes" (with deciphering of columns 2, 5, 6);

N 2 of dm "The report on remaining balance, receipt and expenses of precious metals and products from them" (with deciphering of columns 2, 8, 9);

appendix to the N 2-form of dm "The report on remaining balance, receipt and delivery in the State fund of precious metals in the form of scrap and waste";

N 3 of dm "Report on remaining balance, receipt and expenses of natural diamonds on production of diamond tools and diamonds";

N 4 of dm "The report on remaining balance, receipt and expenses of precious metals which contain in devices, the equipment and other products" (with deciphering of the column 6); certificates of remaining balance, receipt and expenses of natural gemstones, gemstones of organogenic education and semiprecious stones for date of assessment.

3. Copies of inventory reports and inventory descriptions of precious metals, gemstones, gemstones of organogenic education, semiprecious and decorative stones, the tool with content of natural diamonds.

4. The reference of the subject of business activity which property is privatized (is corporatized), concerning sources of education and characteristics of scrap and waste of precious metals with indication of their alloyed mass and mass of each precious metal on accounting.

5. The expert opinion of the State gemological center on gemstones, gemstones of organogenic education, semiprecious and decorative stones.

6. The conclusion of institute of supersolid materials NAS of Ukraine on the tool with content of natural diamonds.

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