RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 21, 2022 No. 97

About modification and amendments in some resolutions of Board of National Bank of the Republic of Kazakhstan concerning conducting financial accounting and accounts presentation

The board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the List of some resolutions of Board of National Bank of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting and accounts presentation are made (further – the List), according to appendix 1 to this resolution.

2. To accounting department (Tayshibayeva D. A.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Kasenov A. S.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;

3) within ten working days after state registration of this resolution submission to Legal department of data on execution of the action provided by the subitem 2) of this Item.

3. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Sholpankulov B. Sh.

4. This resolution becomes effective since January 1, 2023 and is subject to official publication.

5. Suspend till January 1, 2024:

1) paragraphs of the twenty ninth, thirtieth, thirty first and thirty second Item 3 of the List, having determined that during suspension these paragraphs are effective in the following edition:

"16. In National Bank the quarterly/monthly financial reporting:

The insurance (reinsurance) organizations, the Islamic insurance (reinsurance) organizations represent 1) no later than 10 (tenth) working days of the month following reporting quarter in the following forms:

the balance sheet in form according to appendix 9 to Rules;

the profit and loss statement in form according to appendix 10 to Rules;";

2) paragraphs of the seventy eighth and seventy ninth Item 3 of the List, having determined that during suspension these paragraphs are effective in the following edition:

"state appendix 9 in edition according to appendix 2 to this resolution;

state appendix 10 in edition according to appendix 3 to this resolution;".

It is approved Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan

It is approved Agency of the Republic of Kazakhstan on regulation and development of the financial market

Appendix 1

to the Resolution of the Chairman of National Bank of Kazakhstan of November 21, 2022 No. 97

The list of some resolutions of Board of National Bank of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting and accounts presentation are made

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of September 22, 2008 No. 79 "About approval of the Standard chart of accounts of financial accounting for certain subjects of the financial market of the Republic of Kazakhstan" (it is registered in the Register of state registration of regulatory legal acts at No. 5348) the following changes and amendments:

in the Standard chart of accounts of financial accounting for certain subjects of the financial market of the Republic of Kazakhstan approved by the specified resolution:

state Item 1 in the following edition:

"1. This Standard chart of accounts of financial accounting (further – the Chart of accounts) is developed for certain subjects of the financial market of the Republic of Kazakhstan according to the subitem 63) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", subitems 1) and 3-4) Items 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and intended for group and the current reflection of financial statement elements in value term by the single accumulation pension fund, the Voluntary accumulation pension funds (further – the accumulation pension funds), the organizations performing separate types of banking activities (except for the mortgage organizations and legal entities which were earlier subsidiary banks), professional participants of the security market of the Republic of Kazakhstan, the organizations performing microfinancial activities, insurance brokers, the organization guaranteeing implementation of insurance payments to insurers (insured, to beneficiaries) in case of liquidation of insurance companies (further – the organizations), on accounts of financial accounting for creation of the financial reporting, and also for group and the current reflection of elements of the reporting under accounting data in value term of insurance brokers by branches - nonresidents of the Republic of Kazakhstan (further – the organizations) on accounts of financial accounting for creation of the reporting under accounting data.";

state Item 5 in the following edition:

"5. The accounts provided by paragraphs with 1 on 5 Chapters 2 of the Chart of accounts are reflected in the balance sheet of the organization.

The accounts provided by paragraphs 6 and 7 of Chapter 2 of the Chart of accounts are reflected in the profit and loss statement of the organization.

The accounts provided by paragraph 8 of Chapter 2 of the Chart of accounts belong to off-balance accounts and are intended for accounting of conditional and possible requirements and obligations of the organization.

The accounts provided by paragraph 9 of Chapter 2 of the Chart of accounts belong to off-balance accounts and are accounts of the memorandum.

The accounts provided by paragraph 10 of Chapter 2 of the Chart of accounts belong to off-balance accounts and are intended for accounting of assets of the clients who are in investment management.

Accounts of 1140 of 06, of 1140 of 07, of 1140 of 08, of 1140 of 09, of 1140 of 10, of 1290 of 27, of 2030 of 06, of 2030 of 07, of 2030 of 08, of 2030 of 09, of 2030 of 10, the 5440th 01, the 5470th 01, the 6150th 05, 26, 04, 7470 11 are intended to the 7440th by the 6240th for accounting of transactions of the organizations which constitute the financial reporting according to the international standard for small and medium business.";

in Chapter 2:

in paragraph 1:

after account 1140 05 to add with accounts of 1140 of 06, of 1140 of 07, of 1140 of 08, of 1140 09 and 1140 10 following content:

"1140 06	Current financial assets, available for sale
1140 07	Discount on the acquired current financial assets, available for sale
1140 08	Award on the acquired current financial assets, available for sale
1140 09	Positive fair value adjustment of current financial assets, available for sale
1140 10	Negative fair value adjustment of current financial assets, available for sale";

after account 1290 26 to add with account 1290 27 following contents:

"1290 27

Reserves (provisions) on financial assets, available for sale";

in paragraph 2:

after account 2030 05 to add with accounts of 2030 of 06, of 2030 of 07, of 2030 of 08, of 2030 09 and 2030 10 following content:

"2030 06	Non-current financial assets, available for sale
2030 07	Discount on the acquired non-current financial assets, available for sale
2030 08	Award on the acquired non-current financial assets, available for sale
2030 09	Positive fair value adjustment of non-current financial assets, available for sale
2030 10	Negative fair value adjustment of non-current financial assets, available for sale";

in paragraph 5:

after account 5440 to add with account 5440 of 01 following contents:

"5440 01

Reserve on revaluation of financial assets, available for sale";

after account 5470 to add with account 5470 of 01 following contents:

"5470 01

Reserve on revaluation of loans, available for sale";

in paragraph 6:

after account 6150 04 to add with account 6150 05 following contents:

"6150 05

Income on financial assets, available for sale";

after account 6240 25 to add with account 6240 26 following contents:

"6240 26

Income from recovery (cancellation) of reserves (provisions) created on financial assets, available for sale";

in paragraph 7:

after account 7440 03 to add with account 7440 04 following of content:

"7440 04

Expenses on forming of reserves (provisions) on financial assets, available for sale";

after account 7470 10 to add with account 7470 11 following contents:

"7470 11

Expenses on financial assets, available for sale";

in Chapter 3:

in paragraph 1:

after the description of account 1140 05 to add with numbers, names and descriptions of accounts of 1140 of 06, of 1140 of 07, of 1140 of 08, of 1140 09 and 1140 10 following content:

"1140 06" current financial assets, available for sale" (active).

Appointment: accounting of nominal value of current financial assets, available for sale.

On the debit of the account nominal value of current financial assets, available for sale is carried out.

On the credit of the account write-off of nominal value of current financial assets, available for sale is carried out.

1140 07 "Discount on the acquired current financial assets, available for sale" (counteractive).

Appointment: accounting of the amounts of exceeding of nominal value of the acquired current financial assets, available for sale, over the cost their acquisitions (discount), adjustment amounts connected with recognition of interest incomes with use of effective interest rate method, adjustment amounts, connected with acquisition of financial assets at the non-market rate.

On the credit of the account are carried out the amount of exceeding of nominal value of current financial assets, available for sale, over the cost its acquisitions (discount), adjustment amount connected with recognition of interest incomes with use of effective interest rate method, adjustment amount, connected with acquisition of financial assets at the non-market rate.

On the debit of the account the depreciation amount and (or) write-off of discount on the acquired current financial assets, available for sale is carried out.

1140 08 "Award on the acquired current financial assets, available for sale" (active).

Appointment: accounting of the amounts of exceeding of acquisition value of current financial assets, available for sale, over their nominal value (award), adjustment amounts connected with recognition of interest incomes with use of effective interest rate method.

On the debit of the account are carried out the amount of exceeding of acquisition value of current financial assets, available for sale, over its nominal value (award), adjustment amount connected with recognition of interest incomes with use of effective interest rate method.

On the credit of the account the depreciation amount and (or) write-off of award on the acquired current financial assets, available for sale is carried out.

1140 09 "Positive fair value adjustment of current financial assets, available for sale" (active).

Appointment: accounting of the amounts of positive fair value adjustment of current financial assets, available for sale.

On the debit of the account the amount of positive fair value adjustment of current financial assets, available for sale is carried out.

On the credit of the account write-off of the amounts of positive fair value adjustment of current financial assets, available for sale is carried out.

1140 10 "Negative fair value adjustment of current financial assets, available for sale" (counteractive).

Appointment: accounting of the amounts of negative fair value adjustment of current financial assets, available for sale.

On the credit of the account the amount of negative fair value adjustment of current financial assets, available for sale is carried out.

On the debit of the account write-off of the amounts of negative fair value adjustment of financial assets, available for sale is carried out.";

after the description of account 1290 26 to add with number, the name and the description of account 1290 27 following contents:

"1290 27" reserves (provisions) on financial assets, available for sale".

Appointment: accounting of the amounts of reserves (provisions) on covering of losses on financial assets, available for sale.

On the credit of the account the amount of the created reserves (provisions) created on covering of losses on financial assets, available for sale is carried out.

On the debit of the account write-off of the amounts of the created reserves (provisions) in case of their cancellation or cost depletion of financial assets, available for sale is carried out.";

after the description of account 2030 05 to add with numbers, names and descriptions of accounts of 2030 of 06, of 2030 of 07, of 2030 of 08, of 2030 09 and 2030 10 following content:

"2030 06" non-current financial assets, available for sale" (active).

Appointment: accounting of nominal value of non-current financial assets, available for sale.

On the debit of the account nominal value of non-current financial assets, available for sale is carried out.

On the credit of the account write-off of nominal value of non-current financial assets, available for sale is carried out, in case of their realization, transfer to other category of financial assets, and also payment delay.

2030 07 "Discount on the acquired non-current financial assets, available for sale" (counteractive).

Appointment: accounting of the amounts of exceeding of nominal value of non-current financial assets, available for sale, over the cost their acquisitions (discount), adjustment amounts connected with recognition of interest incomes with use of effective interest rate method, adjustment amounts, connected with acquisition of financial assets at the non-market rate.

On the credit of the account are carried out the amount of exceeding of nominal value of non-current financial assets, available for sale, over the cost their acquisitions (discount), adjustment amount connected with recognition of interest incomes with use of effective interest rate method, adjustment amount, connected with acquisition of financial assets at the non-market rate.

On the debit of the account the depreciation amount and (or) write-off of discount on the acquired non-current financial assets, available for sale is carried out.

2030 08 "Award on the acquired non-current financial assets, available for sale" (active).

Appointment: accounting of the amounts of exceeding of acquisition value of non-current financial assets, available for sale, over their nominal value (award), adjustment amounts connected with recognition of interest incomes with use of effective interest rate method.

On the debit of the account are carried out the amount of exceeding of acquisition value of non-current financial assets, available for sale, over their nominal value (award), adjustment amount connected with recognition of interest incomes with use of effective interest rate method.

On the credit of the account the depreciation amount and (or) write-off of award on the acquired non-current financial assets, available for sale is carried out.

2030 09 "Positive fair value adjustment of non-current financial assets, available for sale" (active).

Appointment: accounting of the amounts of positive fair value adjustment of non-current financial assets, available for sale.

On the debit of the account positive fair value adjustment of non-current financial assets, available for sale is carried out.

On the credit of the account write-off of the amounts of positive fair value adjustment of non-current financial assets, available for sale is carried out.

2030 10 "Negative fair value adjustment of non-current financial assets, available for sale" (counteractive).

Appointment: accounting of the amounts of negative fair value adjustment of non-current financial assets, available for sale.

On the credit of the account the amount of negative fair value adjustment of non-current financial assets, available for sale is carried out.

On the debit of the account write-off of the amounts of negative fair value adjustment of non-current financial assets, available for sale is carried out.";

after the description of account 5440 to add with number, the name and the description of account 5440 of 01 following contents:

"5440 01" reserve on revaluation of financial assets, available for sale" (passive).

Appointment: accounting of the amounts of reserves of revaluation of cost of financial assets, available for sale.

On the credit of the account the amount of positive revaluation of cost of financial assets, available for sale, and also the amount of cumulative revaluation on them which were disposed or transferred to other category of financial assets in correspondence with the corresponding balance sheet accounts is carried out.

On the debit of the account the amount of negative revaluation of cost of financial assets, available for sale, and also the amount of cumulative revaluation on them which were disposed or transferred to other category of financial assets in correspondence with the corresponding balance sheet accounts is carried out.";

after the description of account 5470 to add with number, the name and the description of account 5470 of 01 following contents:

"5470 01" reserve on revaluation of loans, available for sale" (passive).

Appointment: accounting of the amounts of reserves of revaluation of cost of loans, available for sale.

On the credit of the account the amount of positive revaluation of cost of loans, available for sale, and also the amount of cumulative revaluation on them which were disposed or transferred to other category in correspondence with the corresponding balance sheet accounts is carried out.

On the debit of the account the amount of negative revaluation of cost of loans, available for sale, and also the amount of cumulative revaluation on them which were disposed or transferred to other category in correspondence with the corresponding balance sheet accounts is carried out.";

after the description of account 6150 04 to add with number, the name and the description of account 6150 05 following contents:

"6150 05" income on financial assets, available for sale".

Appointment: accounting of the amount of the income in case of disposal and (or) in case of reclassification of financial assets, available for sale.

On the credit of the account the amount of the income in case of disposal is carried out and (or) in case of reclassification of financial assets, available for sale.

On the debit of the account write-off of the amounts of the gained income into the balance sheet account No. 5610 is carried out.";

after the description of account 6240 25 to add with number, the name and the description of account 6240 26 following contents:

"6240 26" income from recovery (cancellation) of reserves (provisions) created on financial assets, available for sale".

Appointment: accounting of the amounts, the recovered (cancelled) reserves (provisions) created on financial assets, available for sale.

On the credit of the account the amount of the income from recovery (cancellation) of reserves (provisions) created on financial assets, available for sale is carried out.

On the debit of the account write-off of the amounts of the income into the balance sheet account No. 5610 is carried out.";

after the description of account 7440 03 to add with number, the name and the description of account 7440 04 following of content:

"7440 04" expenses on forming of reserves (provisions) on financial assets, available for sale".

Appointment: accounting of expense amounts on forming of reserves (provisions) on current financial assets, available for sale.

On the debit of the account the expense amount on forming of reserves (provisions) on current financial assets, available for sale is carried out.

On the credit of the account write-off of the amounts of the incurred expenses on the balance sheet account No. 5610 is carried out.";

after the description of account 7470 10 to add with number, the name and the description of account 7470 11 following contents:

"7470 11" expenses on financial assets, available for sale".

Appointment: accounting of expense amounts in case of disposal and (or) in case of reclassification of financial assets, available for sale.

On the debit of the account the expense amount in case of disposal is carried out and (or) in case of reclassification of financial assets, available for sale.

On the credit of the account write-off of the amounts of the incurred expenses on the balance sheet account No. 5610 is carried out.".

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of July 1, 2011 No. 68 "About approval of the Instruction for conducting financial accounting by certain subjects of the financial market" (it is registered in the Register of state registration of regulatory legal acts at No. 7121) the following changes and amendments:

state preamble in the following edition:

"According to the subitem 63) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", subitems 1) and 3-4) Items 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" the Board of National Bank of the Republic of Kazakhstan DECIDES:";

in the Instruction for conducting financial accounting by certain subjects of the financial market approved by the specified resolution:

state Items 1 and 2 in the following edition:

"1. This Instruction is developed according to the subitem 63) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", subitems 1) and 3-4) Items 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and international accounting standards.

2. This Instruction disaggregates conducting financial accounting of transactions on placement of own money in deposits, loans, securities, derivative financial instruments, the affined precious metals, foreign currency, hedging transactions, and also repo operations and the return repo by the single accumulation pension fund, the Voluntary accumulation pension funds (further – the accumulation pension funds), the organizations performing separate types of banking activities (except for the mortgage organizations and legal entities which were earlier subsidiary banks), professional participants of the security market, the organizations performing microfinancial activities, insurance brokers and branches of insurance brokers - nonresidents of the Republic of Kazakhstan, the organization guaranteeing implementation of insurance payments to insurers (insured, to beneficiaries) in case of liquidation of insurance companies (further – the organization).";

state Item 34 in the following edition:

"34. In case of revaluation of the equity securities carried at fair value through other comprehensive income which cost is expressed in foreign currency on the exchange rate of currencies the following accounting entries are performed:

on the amount of positive exchange difference:

Дт	1140 04	Positive fair value adjustment of the financial assets carried at fair value through other comprehensive income
	1140 05	Negative fair value adjustment of the financial assets carried at fair value through other comprehensive income
	2030 04	Positive fair value adjustment of the non-current financial assets carried at fair value through other comprehensive income
	2030 05	Negative fair value adjustment of the non-current financial assets carried at fair value through other comprehensive income
Кт	5440	Reserve on revaluation of the financial assets carried at fair value through other comprehensive income;

on the amount of negative exchange difference:

Дт	5440	Reserve on revaluation of the financial assets carried at fair value through other comprehensive income
Кт	1140 04	Positive fair value adjustment of the financial assets carried at fair value through other comprehensive income
	1140 05	Negative fair value adjustment of the financial assets carried at fair value through other comprehensive income
	2030 04	Positive fair value adjustment of the non-current financial assets carried at fair value through other comprehensive income
	2030 05	Negative fair value adjustment of the non-current financial assets carried at fair value through other comprehensive income.";

exclude Item 65;

add with Item 65-1 of the following content:

"65-1. In case of revaluation of the granted loans referred to category "available for sale" according to the international standard for small and medium business the following accounting entries are performed:

in case of excess of fair value of loan over its book value, on exceeding difference amount:

Дт	1110 25	Positive fair value adjustment of short-term loans
	2010 24	Positive fair value adjustment of long-term loans
Кт	5470 01	Reserve on revaluation of loans, available for sale;

in case of excess of book value of loan over its fair value, on reduction difference amount:

Дт	5470 01	Reserve on revaluation of loans, available for sale
Кт	1110 26	Negative fair value adjustment of short-term loans
	2010 25	Negative fair value adjustment of long-term loans;

on the amount of the registered positive (negative) fair value adjustment of loans:

Дт	1110 26	Negative fair value adjustment of short-term loans
	2010 25	Negative fair value adjustment of long-term loans
Кт	1110 25	Positive fair value adjustment of short-term loans
	2010 24	Positive fair value adjustment of long-term loans.";

add with Item 77-1 of the following content:

"77-1. During creation of reserves (provisions) on covering of impairment losses of loans, available for sale, according to the international standard for small and medium business the following accounting entry is performed:

Дт	7440 21	Expenses on forming of reserves (provisions) on the granted loans
Кт	1290 21	Reserves (provisions) on the loans granted clients";

in case of reversal of the created reserves (provisions) on covering of impairment losses of loans the following accounting entry is performed:

Дт	1290 21	Reserves (provisions) on the loans granted clients
Кт	6240 21	Income from recovery (cancellation) of reserves (provisions) created on the loans provided to clients.";

add with Chapter 16 of the following content:

"Chapter 16. Financial accounting of financial assets, available for sale according to the international standard for small and medium business

Paragraph 1. Accounting of the acquired debt securities, available for sale

138. Upon purchase of the debt securities classified in category "securities, available for sale" (on the purchase value including costs according to the transaction) the following accounting entries are performed:

1) in case of advance transfer to the broker:

Дт	1610 02	Settlings with brokers
Кт	1030	Money on current accounts;

2) on the net value of the acquired debt security (on the amount which is not exceeding it nominal value) taking into account costs according to the transaction:

Дт	1140 06	Current financial assets, available for sale
	2030 06	Non-current financial assets, available for sale
Кт	1030	Money on current accounts
	1610 02	Settlings with brokers;

3) on the award amount including the costs connected with acquisition of the debt security:

Дт	1140 08	Award on the acquired current financial assets, available for sale
	2030 08	Award on the acquired non-current financial assets, available for sale
Кт	1030	Money on current accounts;

4) on the amount of discount (discount):

Дт	1140 06	Current financial assets, available for sale
	2030 06	Non-current financial assets, available for sale
Кт	1140 07	Discount on the acquired current financial assets, available for sale
	2030 07	Discount on the acquired non-current financial assets, available for sale;

5) on the amount of remuneration, added by the previous holder:

Дт	2170 03	The remuneration added by the previous holders on securities
	1270 04	The remuneration added by the previous holders on securities
Кт	1030	Money on current accounts;

6) in case of exceeding of the amount of transaction on purchase of debt securities over their fair value:

Дт	7470 10	Expenses from purchase - security sale
Кт	1140 07	Discount on the acquired current financial assets, available for sale
	1140 08	Award on the acquired current financial assets, available for sale
	2030 07	Discount on the acquired non-current financial assets, available for sale
	2030 08	Award on the acquired non-current financial assets, available for sale;

7) in case of excess of fair value of debt securities over the amount of transaction on their purchase:

Дт	1140 07	Discount on the acquired current financial assets, available for sale
	1140 08	Award on the acquired current financial assets, available for sale
	2030 07	Discount on the acquired non-current financial assets, available for sale
	2030 08	Award on the acquired non-current financial assets, available for sale
Кт	6280 09	Income from purchase - security sale.

139. When charging remuneration according to the acquired debt securities, available for sale, with the frequency established by accounting policy of the organization on the amount of the added remuneration the following accounting entry is performed:

Дт	1270 01	Imputed incomes in the form of remuneration on the acquired securities
	2170 01	Imputed incomes in the form of remuneration on the acquired securities
Кт	6110 01	The income connected with receipt of remuneration on the acquired securities.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info