ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of February 14, 2025 No. 70

About modification and amendments in some orders of the Minister of Finance of the Republic of Kazakhstan

I ORDER:

1. Bring the following changes and amendments in some orders of the Minister of Finance of the Republic of Kazakhstan:

1) in the order of the Minister of Finance of the Republic of Kazakhstan of August 3, 2010 No. 393 "About approval of Rules of conducting financial accounting in public institutions" (it is registered in the Register of state registration of regulatory legal acts at No. 6443):

in Rules of conducting financial accounting in the public institutions approved by the specified order:

state Item 3 in the following edition:

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

1) the current replacement cost – costs which would arise at public institution as a result of acquisition of asset for date of the reporting;

2) exchange transactions – transactions when which implementing public institution in exchange for the received assets/service, repayment of the obligations transfers other equivalent of rough equivalent cost (generally in the form of money, goods, services or provision of other assets in use);

3) not exchange transactions – the transactions which are not exchange. When implementing not exchange transaction the public institution or receives cost from other subject without direct transfer to exchange of approximately equal value, or transfers cost to other party without direct obtaining to exchange of approximately equal value;

4) assets – the resources controlled by public institution as a result of last events which are capable to provide in the future economic benefit or service potential;

5) asset replacement cost – the cost necessary for replacement of gross service potential of asset;

6) asset impairment – the losses in future economic benefits or service potential of asset exceeding systematic recognition of losses in future economic benefits or service potential of asset through depreciation;

7) asset impairment loss – the amount on which the asset carrying amount exceeds its recoverable amount;

8) recoverable amount of asset – the greatest value from fair value of asset less costs to sell and its value of use;

9) cash flows – inflows (receipts) and outflows (payments) of money and their equivalents;

10) cash equivalents – short-term, highly liquid investments which can be easily converted into certain amount of money and changes in value which are put insignificant risk;

11) not cash (not monetary) Articles – Articles which are not cash;

12) cash (monetary) items – units of currency, available, and also the assets and liabilities to the obtaining or payment expressed fixed or determined by the number of currency units;

13) depreciation – systematic distribution of depreciable cost of asset throughout the term of its useful use

14) annuity – flow of the unidirectional payments with equal intervals between consecutive payments during certain number of years;

15) future cost of annuity – the amount of future costs of each separate payment or receipt included in annuity;

16) agricultural activities – control of biotransformation of biological assets exercised of the subject for the purpose of their sale, receipt of agricultural products or production of additional biological assets;

17) fair value – the amount for which it is possible to exchange asset or to settle the obligation when making transaction between the knowledgeable, wishing to make such transaction, independent parties;

18) the estimative obligation – the obligation, uncertain in size or with uncertain completion date;

19) exchange difference – the difference arising in case of recalculation of identical quantity of units of one currency in other currency by other currency rates;

20) book value – the amount on which the asset or liability is recognized the balance sheet;

21) the active market – the market in which all following conditions are satisfied:

the goods which are traded on the market are homogeneous;

practically at any time there are buyers and sellers wishing to make the transaction;

price information is public;

22) depreciation of positive or negative difference between nominal and fair value of the granted loans, or long-term financial liabilities is gradual reference of the amount of the registered difference on the income or expenses;

23) biological asset – animal or plant;

24) deferred revenues – the income relating to future accounting periods, but which is actually received in the accounting period;

25) deferred expenses – the expenses made in this period, but relating to future periods;

26) joint control – the approved separation of control over activities in the form of the agreement which is binding which exists when the decision on essential actions requires full consent of the parties exercising control;

27) the member of joint business – the party in joint business having joint control over this joint business;

28) joint activities – the activities jointly controlled by two or more parties;

29) the single storage of these accounting transactions (further – EHD BO) is the centralized database of accounting transactions of public institutions providing creation of the reporting, analytics for acceptance of management decisions;

30) the currency rate – the market rate of exchange of one currency on another determined according to the procedure, No. 15 approved by the resolution of Board of National Bank of the Republic of Kazakhstan of January 25, 2013 and the order of the Minister of Finance of the Republic of Kazakhstan of February 22, 2013 No. 99 "About procedure for determination of the market rate of currency exchange" (it is registered in the Register of state registration of regulatory legal acts at No. 8378);

31) the bill of exchange – the payment document of strictly established form containing deed unconditional monetary commitment;

32) considerable influence – power to participate in decision making concerning financial and operational policy of other organization, but not control or joint control over such policy;

33) minimum lease payments – payments over the lease term which are required or can be requested from the lessee, except for contingent rent, the amounts on fee and the taxes paid by the lessor and compensated to it:

for the lessee – any amounts guaranteed by the lessee or the party connected with the lessee;

for the lessor – any residual cost guaranteed to the lessor by any of the following persons:

lessee;

the party connected with the lessee;

the independent third party, financially capable to answer on guarantees;

34) accounting policy – the principles, bases, provisions, rules and the practice applied by public institutions in case of creation and accounts presentation which is single for all public institutions;

35) accrual method – accounting method in case of which transactions and other events are recognized upon their making that accounting period in which they took place (irrespective of actual receipt or payment of money or their equivalents);

36) accounting information system is the software product intended for automation of functions on conducting financial accounting and creation of the financial reporting;

37) lease – the agreement under which the lessor gives to the lessee in exchange for payment or payment series right to use of asset during the approved period of time;

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