INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of July 8, 2019 No. 5190-U

About modification of the Provision of the Bank of Russia of December 28, 2015 No. 526-P "Industry standard of the financial accounting "Procedure for Creation of Accounting (Financial) Records of Insurance Companies and Societies of Mutual Insurance"

1. Based on 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. 6, Art. 463; No. 18, Art. 2198; No. 23, the Art. 2921) 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 June 25, 2019 No. 12) to bring in the Provision of the Bank of Russia of December 28, 2015 No. 526-P "Industry standard of the financial accounting "Procedure for Creation of Accounting (Financial) Records of Insurance Companies and Societies of Mutual Insurance", registered by the Ministry of Justice of the Russian Federation on January 28, 2016 No. 40869, on December 15, 2016 No. 44748, on July 27, 2017 No. 47550, on September 7, 2017 No. 48108 (further - the Provision of the Bank of Russia of December 28, 2015 No. 526-P), the following changes.

1.1. State Item 1.4 in the following edition:

"1.4. In case of absence at the insurer of remaining balance of assets and liabilities, financial result from transactions for which indicators (Articles) are provided in forms of accounting (financial) records these indicators (Articles) are excluded from forms of accounting (financial) records of the insurer.".

1.2. In Item 1.5:

the ninth to declare the paragraph invalid;

add with the new paragraph of the following content:

"IFRS (IFRS) 16 "Lease" 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 (further - IFRS (IFRS) 16).".

1.3. In Item 2.2:

the fifty fifth - to state paragraphs to the sixty sixth in the following edition:

"note 57.1 "lease";

note 58 "Income tax";

note 59 "Dividends";

note 60 "Profit (loss) on the share". It is filled only with insurance companies which own shares are admitted to organized trading or are in process of release;

note 61 "Segment analysis". It is filled only with insurance companies which own shares and debt securities are admitted to organized trading or are in process of release;

note 62 "Risk management";

note 63 "Transfer of financial assets";

note 64 "Contingent obligations";

note 65 "Derivative financial instruments and accounting of hedging";

note 66 "Fair value of financial instruments";

note 67 "Offset of financial assets and financial liabilities";

note 68 "Transactions with the related parties";";

add with the new paragraph of the following content:

"note 69 "events after the reporting period".".

1.4. In Item 2.4:

the forty fourth - to state paragraphs to the fifty second in the following edition:

"note 57.1 "lease";

note 58 "Income tax";

note 62 "Risk management";

note 63 "Transfer of financial assets";

note 64 "Contingent obligations";

note 65 "Derivative financial instruments and accounting of hedging";

note 66 "Fair value of financial instruments";

note 67 "Offset of financial assets and financial liabilities";

note 68 "Transactions with the related parties";";

add with the new paragraph of the following content:

"note 69 "events after the reporting period".".

1.5. In Item 2.1.2:

the sixty first - to state paragraphs to the seventy second in the following edition:

"note 63.1 "lease";

note 64 "Income tax";

note 65 "Dividends";

note 66 "Profit (loss) on the share";

note 67 "Segment analysis";

note 68 "Risk management";

note 69 "Transfer of financial assets";

note 70 "Contingent obligations";

note 71 "Derivative financial instruments and accounting of hedging";

note 72 "Fair value of financial instruments";

note 73 "Offset of financial assets and financial liabilities";

note 74 "Transactions with the related parties";";

add with the new paragraph of the following content:

"note 75 "events after the reporting period".".

1.6. In Item 2.1.4:

to declare the paragraph of the thirty sixth invalid;

the fiftieth - to state paragraphs to the fifty eighth in the following edition:

"note 63.1 "lease";

note 64 "Income tax";

note 68 "Risk management";

note 69 "Transfer of financial assets";

note 70 "Contingent obligations";

note 71 "Derivative financial instruments and accounting of hedging";

note 72 "Fair value of financial instruments";

note 73 "Offset of financial assets and financial liabilities";

note 74 "Transactions with the related parties";";

add with the new paragraph of the following content:

"note 75 "events after the reporting period".".

1.7. In Item 2.1.5:

paragraphs of the fifty sixth - to state the sixty seventh in the following edition:

"note 63.1 "lease";

note 64 "Income tax";

note 65 "Dividends";

note 66 "Profit (loss) on the share";

note 67 "Segment analysis";

note 68 "Risk management";

note 69 "Transfer of financial assets";

note 70 "Contingent obligations";

note 71 "Derivative financial instruments and accounting of hedging";

note 72 "Fair value of financial instruments";

note 73 "Offset of financial assets and financial liabilities";

note 74 "Transactions with the related parties";";

add with the new paragraph of the following content:

"note 75 "events after the reporting period".".

1.8. Paragraph third Item 4.1. 1, paragraph third Item 4.2. The paragraph third Item 6.1.1 and the paragraph third Item 6.2.1 after the word "tables" to add 1, with the word "approximate".

1.9. In Item 5.6 "period" to replace the word with the word to "year".

1.10. In Items 5.11 and 5.12 to replace the word "period" with the word "year", after words of "intangible assets" to add with words ", carried to expenses on insurance activity".

1.11. In the column 2 of line 44 of appendix 2.1 of the word "and donations" to exclude.

1.12. Appendix 5.1 after line 14 to add in the line 14.1 following of content:

"

14.1

Remaining balance on _____ 20 __.

".

1.13. To state the name of the column 4 of appendix 6 in the following edition: "Fees".

1.14. In appendix 6.1:

in the name of column 4 of the word "and donations" to exclude;

after line 12 to add in the line 12.1 following of content:

"

12.1

Remaining balance on ______ 20 __.

".

1.15. Appendix 7 after line 53 to add in the line 53.1 following of content:

"

53.1

Payments in repayment of agreement obligations of lease

".

1.16. In appendix 7.1:

to state the column 2 of line 23 in the following edition: "Receipts of dividends and other similar payments";

after line 58 to add in the line 58.1 following of content:

"

58.1

Payments in repayment of agreement obligations of lease

".

1.17. Appendix 8 after line 36 to add in the line 36.1 following of content:

"

36.1

Payments in repayment of agreement obligations of lease

".

1.18. In appendix 8.1:

to state the column 2 of line 11 in the following edition: "Receipts of dividends and other similar payments";

after line 41 to add in the line 41.1 following of content:

"

41.1

Payments in repayment of agreement obligations of lease

".

1.19. In appendix 9:

in table 4.1 of the note 4:

state line 58 in the following edition:

"

58

IFRS (IFRS) 16

Procedure for recognition, the subsequent accounting, derecognition of obligations on lease

";

after line 58 to add in the line 58.1 following of content:

"

58.1

IFRS (IFRS) 16

Use of the release connected with recognition, provided for agreements of short-term lease and the release connected with recognition, provided for lease of objects with low cost

";

in Item 16 of the Procedure for creation of table 5.3 and explanations of the note 5 of figure "5 - 10" to it to replace with figures "5 - 9";

to state the column 2 of line 6 of table 12.1 of the note 12 in the following edition: "Receivables on finance lease";

Item 2 of the Procedure for creation of table 13.3 and explanations to it, Item 2 of the Procedure for creation of table 13.4 and explanations to it, Item 2 of the Procedure for creation of table 13.5 and explanations to it, to it and Item 2 of the Procedure for creation of table 13.8 and explanations of the note 13 to it to add Item 2 of the Procedure for creation of table 13.7 and explanations with the offer of the following content: "Only for annual accounting (financial) accounts.";

in the note 15:

in Item 15.1.1 after table 15.1 of the word "cost ______ on" shall be replaced with words "the cost of the postponed acquisition expenses on";

to it to state Item 5 of the Procedure for creation of table 15.1 and explanations in the following edition:

"5. On line 7 of this table the difference of total sum in the lines 1 - 3, 6 and total sum in the lines 4 and 5 is reflected.";

Item 2 of the Procedure for creation of table 15.2 and explanations to it, Item 2 of the Procedure for creation of table 15.3 and explanations to it, Item 2 of the Procedure for creation of table 15.4 and explanations to it, Item 2 of the Procedure for creation of table 15.5 and explanations to it, Item 2 of the Procedure for creation of table 15.6 and explanations to it, to it to add Item 2 of the Procedure for creation of table 15.7 and explanations with the offer of the following content: "Only for annual accounting (financial) accounts.";

in the note 20:

state table 20.1 in the following edition:

"Accounting of investment property at fair value

Table 20.1

 

Line number	Name of indicator	Investment property in property	Assets in the form of right to use	Total
1	2	3	4	5
1	Book value on _______ 20 __.
2	Receipt
3	Results of the subsequent costs recognized in asset carrying amount
4	Transfer in non-current assets (disposal groups) classified as held for sale
5	Disposal of investment property

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