INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 22, 2019 No. 5148-U

About modification of the Provision of the Bank of Russia of September 22, 2015 No. 492-P "Industry standard of financial accounting of fixed assets, intangible assets, investment property, 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 of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property in not credit financial credit institutions"

1. According to Item 14 of article 4 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. 18, the Art. 2198), part 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" (The Russian Federation Code, 2011, No. 50, Art. 7344; 2013, No. 26, Art. 3207; No. 27, Art. 3477; No. 30, Art. 4084; No. 44, Art. 5631; No. 51, Art. 6677; No. 52, Art. 6990; 2014, No. 45, Art. 6154; 2016, No. 22, Art. 3097; 2017, No. 30, Art. 4440; 2018, No. 1, Art. 65; No. 31, Art. 4861; No. 49, the Art. 7516) 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 September 22, 2015 No. 492-P "Industry standard of financial accounting of fixed assets, intangible assets, investment property, 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, property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to the insured property, in not credit financial credit institutions" registered by the Ministry of Justice of the Russian Federation on October 15, 2015 No. 39335, on December 21, 2016 No. 44851, on December 3, 2018 No. 52844, the following changes.

1.1. To state paragraph two of Item 1.4 in the following edition:

"Assessment of fair value is performed according to the procedure, the determined International accounting standard (IFRS) 13 "Assessment of fair value" enacted in the territory of the Russian Federation by the order of the Ministry 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) (further - IFRS (IFRS) 13 "Assessment of fair value")".

1.2. To state subitem 2.13.4 of Item 2.13 in the following edition:

"2.13.4. In case of inclusion of the value added tax (further - the VAT) in the cost of fixed asset performs the following accounting entry:

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 if not credit financial credit institution is not payer of the VAT, accounts on accounting of settlings with suppliers and contractors (on the VAT amount included in the cost of fixed asset).".

1.3. In paragraph three of Item 2.38 of the word "Expenses on Transactions with Fixed Assets and Intangible Assets" shall be replaced with words "Depreciation on fixed assets and intangible assets".

1.4. In Item 2.42:

the paragraph one to state in the following edition:

"2.42. Settlement salvage value and useful life of fixed asset object are analyzed regarding possible review at least for the end of each accounting year. The method of depreciation of fixed asset object is analyzed regarding possible review at the end of each accounting year.";

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 are performed from the date of, the object changes in value following behind day as a result of upgrade or reconstruction.".

1.5. The paragraph one of Item 3.5 to add with the offer of the following content: "Not credit financial 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.".

1.6. To add paragraph two of Item 3.6 with words ", except for the VAT and other recoverable taxes (except cases when not credit financial credit institution in accounting policy determines other).".

1.7. To state subitem 3.9.4 of Item 3.9 in the following edition:

"3.9.4. In case of inclusion of the VAT in the cost of intangible asset the following 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 if not credit financial credit institution is not payer of the VAT, accounts on accounting of settlings with suppliers and contractors (on the VAT amount included in the cost of intangible asset).".

1.8. Item 3.32 in paragraph one shall be replaced with words the word "be reviewed" "be analyzed regarding possible review".

1.9. In the paragraph the second subitem 3.40.2 of Item 3. 40, third offer of item 4. 22, paragraph the second subitem 5.15.2 of Item 5. 15, paragraph the fourth Item 6. Subitem 8.10.2 of Item 8.10 of the word "suppliers and contractors" shall be replaced with words 25, "buyers and clients".

1.10. In paragraph one of Item 4.1 of the word "being in property of not credit financial credit institution (received when implementing authorized activities)" shall be replaced with words "withheld (the owner or the lessee as asset in the form of right to use)".

1.11. State Item 4.2 in the following edition:

"4.2. Types of objects of investment property 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 (further - IFRS (IAS) 40 "Investment real estate")".

1.12. In Item 4.5:

the thirteenth to state the paragraph in the following edition:

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

add with new paragraphs of the following content:

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

Analytics of investment property are kept on inventory objects.".

1.13. In Item 4.7 of the word "International accounting standard (IAS) 40 "Investment real estate" (further - IFRS (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 "shall be replaced with words" IFRS (IAS) 40 "Investment real estate".

1.14. In Item 5.13:

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

add with subitem 5.13.7 of the following content:

"5.13.7. 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 5.12 of this provision:

on the exceeding amount:

The debit of the account No. 71702 "Expenses on other transactions" (in OFR on "other expenses" symbol of the subsection "Other expenses")

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

on the amount of the cost determined according to Item 5.12 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 5.12 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. 71701 credit "The income on other transactions" (in OFR on "other incomes" symbol of the subsection "Other incomes");

on the amount of the cost determined according to Item 5.12 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.".

1.15. To add paragraph two of Item 6.1 with words ", and other assets corresponding to the recognition criteria determined in Items 6 and 8 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 (further - IFRS (IAS) 2 "Inventories") if they are not considered according to Chapters 7 or 8 of this provision".

1.16. In Item 6.2:

to state the paragraph of the eighth in the following edition:

"No. 61014 "goods", No. 61015 "Work in progress".";

the eighteenth to state the paragraph in the following edition:

"On the account No. 61015 "Work in progress" inventory items and other objects of property which are in process of construction (construction) are considered.";

add with the new paragraph of the following content:

"The procedure for analytics of inventories is determined by not credit financial credit institution. At the same time analytics of inventories shall provide information on persons responsible for their safety, and on storage locations.".

1.17. Add Item 6.6 with new paragraphs of the following content:

"In case of inclusion of the VAT in inventory cost the following accounting entry is performed:

The debit of the balance sheet account of the second procedure opened on the account No. 610 "Inventories"

The account No. 60310 credit "The value added tax paid" or if not credit financial credit institution is not payer of the VAT, accounts on accounting of settlings with suppliers and contractors (on the VAT amount included in inventory cost).".

1.18. State Item 6.12 in the following edition:

"6.12. 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.".

1.19. In Item 6.17:

word in paragraph one "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" shall be replaced with words "IFRS (IAS) 2 "Inventories";

third to state the paragraph in the following edition:

"or on net possible selling price".

1.20. State Item 6.18 in the following edition:

"6.18. Inventories are subject to assessment on net possible selling price for the end of each accounting year. Not credit financial credit institution determines frequency of carrying out their assessment within accounting year in accounting policy.

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

The debit accounts No. 71802 "The expenses linked with ensuring activities" (in OFR on "expenses on cost depletion of inventories" symbol of the subsection "Organizational and Management Expenses")

The credit of the balance sheet account of the second procedure opened on the account No. 610 "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:

The debit of the balance sheet account of the second procedure opened on the account No. 610 "Inventories"

The credit accounts No. 71801 "The income linked with transactions on ensuring activities" (in OFR on "other incomes" symbol of the subsection "Other incomes")".

1.21. In Item 7.1 of the word" (except real estate objects, including the earth)" to exclude.

1.22. In Item 7.4:

in the paragraph 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 not credit financial 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".

1.23. State Item 7.8 in the following edition:

"7.8. Money transfer of work, received under agreements of compensation, pledge, in structure of fixed asset objects, intangible assets, investment property, 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 not credit financial credit institution if the translated object meets recognition criteria by the types of objects determined by Items 2. 1, 3.1, 4.1, 5.1, 6.1 of this provision.".

1.24. In Item 7.9:

the paragraph one to state in the following edition:

"7.9. Financial accounting of money transfer of work, received under agreements of compensation, pledge, in structure of fixed asset objects, intangible assets, non-current assets, held for sale, investment property is performed in the following procedure.";

subitem 7.9 in paragraph one. 1, paragraph one of subitem 7.9.2 and paragraph one of subitem 7.9.3 of the word "which appointment is not determined" to exclude;

add with subitem 7.9.4 of the following content:

"7.9.4. Money transfer of work, received under agreements of compensation, pledge, in structure of investment property is reflected at the cost which developed for date of transfer, the following accounting entry:

The debit of the account No. 619 "Investment property" (if object is ready to use)

or

The debit of the account No. 61911 "Investments in construction (construction) of objects of investment property" (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 investment property is performed according to the procedure established by Chapter 4 this provision.".

1.25. In paragraphs one and the second Item 7.10 of the word "which appointment is not determined" to exclude.

1.26. State Items 7.11 and 7.12 in the following edition:

"7.11. Disposal of the labor instruments (including real estate objects) received under agreements of compensation, pledge which were not transferred to structure of fixed assets, of intangible assets, investment property, non-current assets held for sale, in connection with intentions of management of not credit financial credit institution to sell object, is reflected the following accounting entries:

Debit of the account No. 61209 "Disposal (realization) of property"

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

Debit of the account No. 60332 "Settlings with buyers and clients"

The account No. 61209 credit "Disposal (realization) of property" (on the amount of sales proceeds).

The costs connected with disposal are reflected the following accounting entry:

Debit of the account No. 61209 "Disposal (realization) of property"

Credit of the account on accounting of settlings with suppliers and contractors.

The financial result from realization of labor instrument belongs from the account No. 61209 "Disposal (realization) of property" into the corresponding balance sheet account No. 71701 "The income on other transactions" (in OFR on "income from disposal (realization) of the labor instruments received under agreements of compensation, pledge which purpose is not determined" symbol of the subsection "Income on Transactions with the Property Received under Contracts of Compensation, Pledge, with the Property and (or) Its Suitable Remaining Balance Received in connection with Refusal of the Insurer (Beneficiary) of the Property Right to Insured Property") or No. 71702 "Expenses on other transactions" (in OFR on subsection "expenses on disposal (realization) of the labor instruments received under agreements of compensation, pledge which purpose is not determined" symbol "Expenses on transactions with the property received under contracts of compensation, pledge, with property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property").

7.12. Disposal of the objects of the labor received under agreements of compensation, pledge which were not transferred to structure of inventories in connection with intentions of management of not credit financial credit institution to sell object is reflected the following accounting entries:

Debit of the account No. 61209 "Disposal (realization) of property"

The account No. 62102 credit "The objects of the labor received under agreements of compensation, pledge which purpose is not determined";

Debit of the account No. 60332 "Settlings with buyers and clients"

The account No. 61209 credit "Disposal (realization) of property" (on the amount of sales proceeds).

The costs connected with disposal are reflected the following accounting entry:

Debit of the account No. 61209 "Disposal (realization) of property"

Credit of the account on accounting of settlings with suppliers and contractors.

The financial result from realization of object belongs from the account No. 61209 "Disposal (realization) of property" into the corresponding balance sheet account No. 71701 "The income on other transactions" (in OFR on "income from disposal (realization) of the objects of the labor received under agreements of compensation, pledge which purpose is not determined" symbol of the subsection "Income on Transactions with the Property Received under Contracts of Compensation, Pledge, with the Property and (or) Its Suitable Remaining Balance Received in connection with Refusal of the Insurer (Beneficiary) of the Property Right to Insured Property") or No. 71702 "Expenses on other transactions" (in OFR on subsection "expenses on disposal (realization) of the objects of the labor received under agreements of compensation, pledge which purpose is not determined" symbol "Expenses on transactions with the property received under contracts of compensation, pledge, with property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property ")".

2. This Instruction becomes effective after 10 days after day of its official publication.

 

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