ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of January 19, 2022 No. 53

About introduction of amendments to the order of the Minister of Finance of the Republic of Kazakhstan of December 6, 2016 No. 640 "About approval of Rules of creation of consolidated financial statements by administrators of budget programs and local authorized bodies on budget implementation"

I ORDER:

1. Bring in the order of the Minister of Finance of the Republic of Kazakhstan of December 6, 2016 No. 640 "About approval of Rules of creation of consolidated financial statements by administrators of budget programs and local authorized bodies on budget implementation" (it is registered in the Register of state registration of regulatory legal acts at No. 14624) the following changes:

to state preamble of the specified order in the following edition:

"For the purpose of implementation of Article 118 of the Budget code of the Republic of Kazakhstan and the subitem 2) of Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" I ORDER:";

in Rules of creation of consolidated financial statements by administrators of the budget programs and local authorized bodies on budget implementation approved by the specified order:

change in Kazakh is made to heading of the specified order, the text in Russian does not change;

state Item 3 in the following edition:

"3. In these rules the following basic concepts are used:

department - the department of the central authorized body on budget implementation performing functions in the field of execution of the republican budget and servicing of execution of local budgets;

investments into subjects of the quasi-public sector are investments of budgetary funds in the state companies, limited liability partnerships, joint-stock companies, including national managing holdings, national holdings, the national companies, the founder, participant or the shareholder of which is the state, and also the affiliated, dependent and other legal entities who are affiliirovanny with them according to legal acts of the Republic of Kazakhstan;

the consolidated financial statements of the administrator of budget programs are the financial reporting of the administrator of budget programs and public institutions subordinated to it provided as the financial reporting of the single organization;

the consolidated financial statements about execution of the republican budget are the financial reporting of department and administrators of republican budget programs provided as the financial reporting of the single organization according to Article 120-1 of the Budget code of the Republic of Kazakhstan (further - the Budget code);

the consolidated financial statements about execution of the regional budget, budgets of the cities of republican value, the capital are the consolidated financial statements of the regional budget, budgets of the cities of republican value, the capital provided as the financial reporting of the single organization according to Article 120-2 of the Budget code;

local authorized body on budget implementation - the local authorized bodies financed from the local budget, performing functions in the field of budget implementation, conducting financial accounting, budget accounting and budget reports on execution of the local budget (further - authorized body on execution of the local budget);

authorized body on budget implementation - the body performing management and cross-industry coordination in the field of budget implementation, conducting financial accounting, budget accounting and budget reports on execution of the republican budget;

elimination - exception of the equal amounts on mutual transactions between the administrator of budget programs and its subordinated public institutions, or between public institutions subordinated to one administrator of budget programs, between administrators of budget programs, between the administrator of budget programs and the authorized body keeping financial accounting of receipts of the budget, also transactions between authorized bodies on execution of higher and subordinate budgets.

The purpose of creation of consolidated financial statements about execution of republican and local budgets is providing interested persons with complete and reliable information about financial position, results of financial activities and changes of financial position of republican and local budgets.";

state Item 11 in the following edition:

"11. The consolidated financial statements administrators of republican budget programs and local authorized bodies on budget implementation of areas, budgets of the cities of republican value, the capital are submitted in full forms in electronic form by means of information system (further - IS) authorized body on budget implementation. Date of submission of the report date of its transfer through IS is considered.

Administrators of republican budget programs represent semi-annual and annual consolidated financial statements to department, to the terms established by department. The term of annual consolidated financial statements of administrators of republican budget programs is established no later than February 8 of the year following reporting.

The consolidated financial statements are presented by administrators of local budget programs on paper in the stitched form with the numbered pages and table of contents and in electronic form by means of IS in full of forms.";

state Item 31 in the following edition:

"31. In disclosures to consolidated financial statements the following information is reflected.

Under the article "Money and Their Equivalents" (line 010 of the Consolidated balance sheet KFO-1 form):

data on balances in cash for the beginning and the end of the accounting period according to the table 1 of the KFO-5 form "The explanatory note to consolidated financial statements".

Under the article "Short-term and Long-term Financial Investments" (lines 011 and 110 of the Consolidated balance sheet KFO-1 form):

data on financial investments (except financial investments into subjects of the quasi-public sector) for the beginning and the end of the accounting period and change, according to tables 2 and 5 of the KFO-5 form "The explanatory note to consolidated financial statements";

information on long-term investments in subjects of the quasi-public sector (the name and the location of subjects of the quasi-public sector, share of the state in the authorized capital), separately on controlled and other subjects;

subsequent assessment on separate classes of financial investments (at the fair, amortized or other cost);

information on the loans granted;

availability of objective signs of impairment of financial investments and the loans granted;

nature and the extent of the risks connected with financial investments on reporting date;

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