INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 22, 2019 No. 5147-U

About modification of the Provision of the Bank of Russia of December 22, 2014 No. 448-P "About procedure for financial accounting of fixed assets, intangible assets, the real estate which is temporarily not used in the main activities, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined in credit institutions"

1. According to 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, Art. 2557; No. 24, Art. 3400; No. 27, Art. 3950; No. 31, Art. 4852; No. 32, Art. 5115; No. 49, Art. 7524; No. 53, Art. 8411, Art. 8440; 2019, No. 6, Art. 463; No. 18, the Art. 2198) and 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 April 26, 2019 No. 9) to bring in the Provision of the Bank of Russia of December 22, 2014 No. 448-P "About procedure for financial accounting of fixed assets, intangible assets, the real estate which is temporarily not used in the main activities, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined, in credit institutions" registered by the Ministry of Justice of the Russian Federation on February 6, 2015 No. 35917, on November 27, 2015 No. 39890, on July 11, 2016 No. 42803, the following changes.

1.1. In Item 1.4 of the word "The Ministry of Finance of the Russian Federation of July 18, 2012 No. 106n "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 3, 2012 No. 25095 (The Russian newspaper of August 15, 2012) "shall be replaced with words" the Ministries of Finance of the Russian Federation of December 28, 2015 No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition No. which voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on February 2, 2016 40940, on August 1, 2016 No. 43044 (further - the order of the Ministry of Finance of the Russian Federation No. 217n), with amendments, 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 about 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 (further - the order of the Ministry of Finance of the Russian Federation No. 98n), 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 (further - the order of the Ministry of Finance of the Russian Federation No. 111n)".

1.2. Add Item 2.13 with subitem 2.13.2.1 of the following content:

"2.13.2.1. In case of inclusion of the value added tax in the cost of fixed asset accounting entry is performed:

Debit of the account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets"

The account No. 60310 credit "The value added tax paid" or accounts on accounting of settlings with suppliers, contractors and buyers for tax amount on the value added attributable to the cost of fixed asset.".

1.3. In Item 2.42:

in paragraph one the word is "reviewed" shall be be replaced with words "analyzed regarding possible review";

add subitem 2.42.2 with the new paragraph of the following content:

"In case of value addition of fixed asset object as a result of the carried-out upgrade or reconstruction establishment of new term of its useful use and depreciation proceeding from the corrected project cost of fixed assets is performed from the date of, the object changes in value following behind day as a result of upgrade or reconstruction.".

1.4. The paragraph one of Item 3.5 to add with the offer of the following content: "The credit institution in standards of the economic actor or other internal documents determines, applying professional judgment, the minimum object of accounting which is subject to recognition as inventory object proceeding from the criteria of materiality approved in accounting policy.".

1.5. To add paragraph two of Item 3.6 with words ", except for the value added tax and other recoverable taxes (except cases when the credit institution in accounting policy determines other).".

1.6. Add Item 3.9 with subitem 3.9.2.1 of the following content:

"3.9.2.1. In case of inclusion of the value added tax in the cost of intangible asset accounting entry is performed:

Debit of the account No. 60906 "Investments in creation and acquisition of intangible assets"

The account No. 60310 credit "The value added tax paid" or accounts on accounting of settlings with suppliers, contractors and buyers for tax amount on the value added included in the cost of intangible asset.".

1.7. The paragraph one of Item 3.32 to state in the following edition:

"3.32. Settlement salvage value and useful life of intangible asset with deadline of useful use are analyzed regarding possible review at the end of each accounting year. The method of depreciation of intangible asset with deadline of useful use is analyzed regarding possible review at the end of each accounting year.".

1.8. Add Item 3.41 with subitem 3.41.5 of the following content:

"3.41.5. The cost of positive goodwill is settled by means of depreciation during the term determined according to Item 3.28 of this provision, but no more than 10 years.".

1.9. In paragraph one of Item 4.1 of the word "being (being) in property of credit institution received (received) when implementing authorized activities)" shall be replaced with words "withheld (withheld) by the owner or the lessee as asset in the form of right to use".

1.10. State Item 4.2 in the following edition:

"4.2. Types of real estate objects, temporarily not used in the main activities, are determined according to Item 8 of the International accounting standard (IAS) 40 "Investment real estate" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n, the order of the Ministry of Finance of the Russian Federation No. 111n, the order of the Ministry of Finance of the Russian Federation of July 20, 2017 No. 117n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on August 4, 2017 No. 47669.".

1.11. Add Item 4.5 with new paragraphs of the following content:

"Financial accounting of the assets in the form of right to use satisfying to determination of the real estate which is temporarily not used in the main activities is performed on the following balance sheet accounts:

No. 60804 "The property received in finance lease";

No. 60805 "Fixed asset depreciation, received in finance lease.".

1.12. The first offer of paragraph one of Item 5.13 to state in the following edition: "Disposal of non-current assets, held for sale, is reflected in financial accounting similar to the procedure established for disposal of fixed assets by Items 2.52 and 2.53 of this provision (except for reflections of the income (expenses) from disposal).".

1.13. In Item 5.16:

the paragraph one after the word of "activities" to add with words of "the labor instruments received under agreements of compensation, pledge which purpose is not determined";

add with subitem 5.16.6 of the following content:

"5.16.6. If object was considered as the labor instruments received under agreements of compensation, pledge which purpose is not determined earlier the following accounting entries are performed:

in case of excess of the cost reflected in accounts of financial accounting for date of derecognition of object as non-current asset, held for sale over the cost determined according to Item 5.15 of this provision:

on the exceeding amount:

The debit of the account No. 70606 "Expenses" (in OFR on symbol 47803 "Other expenses")

Account No. 62001 credit "Non-current assets, held for sale";

on the amount of the cost determined according to Item 5.15 of this provision:

The debit of the account No. 62101 "The labor instrument received under agreements of compensation, pledge which purpose is not determined"

Account No. 62001 credit "Non-current assets, held for sale";

in case of excess of the cost determined according to Item 5.15 of this provision over the cost reflected in accounts of financial accounting for date of derecognition of object as non-current asset, held for sale:

on the exceeding amount:

Debit of the account No. 62001 "Non-current assets, held for sale"

The account No. 70601 credit "Income" (in OFR on symbol 28803 "Other incomes");

on the amount of the cost determined according to Item 5.15 of this provision:

The debit of the account No. 62101 "The labor instrument received under agreements of compensation, pledge which purpose is not determined"

Account No. 62001 credit "Non-current assets, held for sale".

Financial accounting of the object transferred to structure of the labor instruments received under agreements of compensation, pledge which purpose is not determined is performed according to the procedure, established by Chapter 7 of this provision.".

1.14. State Item 6.6 in the following edition:

"6.6. Inventories are estimated in case of recognition in the amount of actual costs on their acquisition, delivery and their reduction at the condition suitable for use, except for the value added tax and other recoverable taxes (except cases when the credit institution in accounting policy determines other based on the legislation of the Russian Federation) (further - at cost).

In case of inclusion of the value added tax in inventory cost accounting entry is performed:

Debit of the account No. 610 "Inventories"

The account No. 60310 credit "The value added tax paid" or accounts on accounting of settlings with suppliers, contractors and buyers for tax amount on the value added included in inventory cost.

After initial recognition inventories are estimated on the smallest of two sizes:

at cost, determined according to this Item;

on net possible selling price.

The net possible selling price of inventories is determined according to Item 6 of the International accounting standard (IAS) 2 "Inventories" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n, the order of the Ministry of Finance of the Russian Federation No. 111n.

Inventories are subject to such assessment also for the end of accounting year. The credit institution determines frequency of evaluating inventories within accounting year in accounting policy.

The credit institution determines method of calculation of net possible selling price of inventories in standards of the economic actor or other internal documents.

The cost depletion of inventories to net possible selling price is reflected the following accounting entry:

The debit of the account No. 70606 "Expenses" (in OFR on symbol 48404 "Expenses from cost depletion of inventories")

Account No. 610 credit "Inventories".

If the net possible selling price of earlier marked down inventories raises, such inventories are subject to revaluation to net possible selling price within earlier acknowledged writedown, but their costs are not higher. At the same time revaluation is reflected the following accounting entry:

Debit of the account No. 610 "Inventories"

The account No. 70601 credit "Income" (in OFR on symbol 29407 "Other income carried to other, including having one-time, accidental character")".

1.15. State Item 6.11 in the following edition:

"6.11. Cost of the inventories remaining in case of disposal of fixed asset objects or taken in the course of the current content, repair, reconstruction, upgrade of fixed asset objects and other assets fair value of the received inventories is recognized.

The inventory bookkeeping, the fixed assets which remained from disposal and other assets, is performed according to subitem 2.53.2 of Item 2.53 of this provision.".

1.16. Item 7 in paragraph one. Item 7.2 of the word" (except real estate objects, including the earth)" to exclude 1,.

1.17. In Item 7.3:

in paragraphs one and the second" (except real estate objects, including the earth)" to exclude words;

to add the first offer of the paragraph of third with the words "or the labor instruments received under agreements of compensation, pledge which purpose is not determined " are reflected in the balance sheet account No. 62101 " if their appointment as management of credit institution is not determined or made the decision to complete their sale prior to the beginning of the next accounting period";

to add the paragraph of the seventh with words ", No. 62101 "The labor instrument received under agreements of compensation, pledge which purpose is not determined".

1.18. State Item 7.7 in the following edition:

"7.7. Money transfer of work, received under agreements of compensation, pledge, in structure of fixed asset objects, intangible assets, the real estate which is temporarily not used in the main activities, non-current assets, held for sale and also transfer of the objects of the labor received under agreements of compensation, pledge in structure of inventories is performed based on intentions of management of credit institution if the translated object meets recognition conditions on the types of objects determined by Items 2. 1, 3.1, 4.1, 5.1, 6.1 of this provision.

From the moment of decision making about sale of the labor instruments received under agreements of compensation, pledge, the specified objects are transferred to structure of non-current assets, held for sale if conditions, stipulated in Item 5.1 this provision are satisfied. If conditions, stipulated in Item 5.1 this provision, are not carried out, the labor instruments received under agreements of compensation, pledge in structure of non-current assets, held for sale, not translated.".

1.19. In Item 7.8:

the paragraph one to state in the following edition:

"7.8. Financial accounting of money transfer of work, received under agreements of compensation, pledge, in structure of fixed asset objects, intangible assets, the real estate which is temporarily not used in the main activities, non-current assets, held for sale is performed in the following procedure.";

subitem 7.8 in paragraph one. 1, paragraph one of subitem 7.8. 2, subitem 7.8.3 of the word "which appointment is not determined" to exclude;

add with subitem 7.8.4 of the following content:

"7.8.4. Money transfer of work, received under agreements of compensation, pledge, in structure of the real estate which is temporarily not used in the main activities is reflected at the cost which developed for date of transfer, the following accounting entry:

The debit of the account No. 619 "The real estate which is temporarily not used in the main activities" (if object is ready to use)

or

The debit of the account No. 61911 "Investments in construction (construction) of real estate objects, temporarily not used in the main activities" (if object is not ready to use)

The account No. 62101 credit "The labor instruments received under agreements of compensation, pledge which purpose is not determined".

Financial accounting of the objects transferred to structure of the real estate which is temporarily not used in the main activities is performed according to the procedure established by Chapter 4 this provision.".

1.20. In paragraphs one and the second Item 7.9 of the word "which appointment is not determined" to exclude.

1.21. State Items 7.10 and 7.11 in the following edition:

"7.10. Disposal of the labor instruments received under agreements of compensation, pledge which purpose is not determined is reflected in financial accounting similar to the procedure established for disposal of fixed assets by Items 2.52 and 2.53 of this provision (except for reflections of the income (expenses) from disposal). The income from disposal of the labor instruments received under agreements of compensation, pledge which purpose is not determined is reflected in OFR on symbol 28701 "The income from disposal (realization) of the labor instruments received under agreements of compensation, pledge which purpose is not determined", expenses - on symbol 47701 "Expenses from disposal (realization) of the labor instruments received under agreements of compensation, pledge which purpose is not determined".

At the same time on the credit of the balance sheet account No. 61209 "Disposal (realization) of property" also the proceeds from sales of these objects defined by the purchase and sale agreement in correspondence with accounts on accounting of settlings with suppliers, contractors and buyers or with accounts on the cash accounting are reflected.

7.11. Disposal of the objects of the labor received under agreements of compensation, pledge which purpose is not determined is reflected in financial accounting similar to the procedure established for disposal of fixed assets by Items 2.52. and 2.53 this provision (except for reflections of the income (expenses) from disposal). The income from disposal of the objects of the labor received under agreements of compensation, pledge which purpose is not determined is reflected in OFR on symbol 28702 "The income from disposal (realization) of the objects of the labor received under agreements of compensation, pledge which purpose is not determined", expenses - on symbol 47702 "Expenses from disposal (realization) of the objects of the labor received under agreements of compensation, pledge which purpose is not determined".

At the same time on the credit of the balance sheet account No. 61209 "Disposal (realization) of property" also the proceeds from sales of these objects defined by the purchase and sale agreement in correspondence with accounts on accounting of settlings with suppliers, contractors and buyers or with accounts on the cash accounting are reflected.".

2. This Instruction is subject to official publication and becomes effective since January 1, 2020.

 

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