ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of July 7, 1999 No. 163

About approval of the National provision (standard) of financial accounting

In pursuance of the Program of reforming of financial accounting using international standards approved by the resolution of the Cabinet of Ministers of Ukraine of October 28, 1998 No. 1706, I ORDER:

1. Approve the National provision (standard) of financial accounting 19 of "Merging of the companies" (further - the Provision (standard) 19) approved by Methodological council on financial accounting under the Ministry of Finance of Ukraine (is applied).

2. Determine that the specified National provision (standard) 19 is applied to accounting records concerning transactions which happen since 2000.

3. Provide that other regulations of the Ministry of Finance of Ukraine from financial accounting are effective in the part which is not contradicting the National provision (standard) 19.

Approved by the Order of the Ministry of Finance of Ukraine of July 7, 1999 No. 163

National provision (standard) of financial accounting 19 of "Merging of the companies"

General provisions

1. This National provision (standard) determines procedure for display in accounting and the reporting of acquisition of other companies and/or consolidation of types of their activities, goodwill which arose in case of acquisition, and also disclosures of information on merging of the companies and/or types of their activities.

2. Regulations of this National provision (standard) apply the companies, the organizations and other legal entities (further - the companies) all patterns of ownership (except budgetary institutions and the companies which according to the legislation constitute the financial reporting under International Financial Reporting Standards).

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