INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of March 31, 2025 No. 7026-U

About procedure for reflection on accounts of financial accounting of hedging by not credit financial credit institutions, bureau of credit histories, credit rating agencies

This Instruction based on part 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" establishes procedure for reflection on accounts of financial accounting of hedging by not credit financial credit institutions, bureau of credit histories, credit rating agencies.

Chapter 1. General provisions

1.1. For the purpose of this Instruction the following concepts are applied:

"equity instrument", "financial asset", "financial instrument", "financial liability" - in values, stipulated in Item 11 International accounting standards (IAS) 32 "Financial instruments: representation" <1> (further - IFRS (IAS) 32);

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<1> No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation" is enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of December 28, 2015 (it is registered by the Ministry of Justice of the Russian Federation on February 2, 2016, registration No. 40940) with the changes made by the order of the Ministry of Finance of the Russian Federation of July 11, 2016 No. 111n (registration No. 43044) is registered by the Ministry of Justice of the Russian Federation on August 1, 2016 (further - the order of the Ministry of Finance of the Russian Federation No. 111n), the order of the Ministry of Finance of the Russian Federation of September 17, 2024 No. 127n (registration No. 80431) (further - the order of the Ministry of Finance of the Russian Federation No. 217n is registered by the Ministry of Justice of the Russian Federation on December 2, 2024), with amendments, enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation" (registration No. 42869) is registered by the Ministry of Justice of the Russian Federation on July 15, 2016 (further - the order of the Ministry of Finance of the Russian Federation No. 98n), the order of the Ministry of Finance of the Russian Federation No. 111n, the order of the Ministry of Finance of the Russian Federation of June 4, 2018 No. 125n "About introduction of the document of International accounting standards in action in the territory of the Russian Federation" (registration No. 51396) (further - the order of the Ministry of Finance of the Russian Federation No. 125n is registered by the Ministry of Justice of the Russian Federation on June 21, 2018), the order of the Ministry of Finance of the Russian Federation of December 14, 2020 No. 304n "About introduction of the document of International accounting standards "Amendments to IFRS (IFRS) 17 "Insurance contracts" in action in the territory of the Russian Federation" (registration No. 62135) (further - the order of the Ministry of Finance of the Russian Federation No. 304n is registered by the Ministry of Justice of the Russian Federation on January 19, 2021).

"hedging instrument" - in the value established by Section 6.2 of Chapter 6 of the International Financial Reporting Standard (IFRS) 9 "Financial instruments" in edition of 2014 <2> (further - IFRS (IFRS) 9);

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<2> It is enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n, with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 111n, the order of the Ministry of Finance of the Russian Federation of March 27, 2018 No. 56n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation" (registration No. 50779) is registered by the Ministry of Justice of the Russian Federation on April 16, 2018, the order of the Ministry of Finance of the Russian Federation No. 125n, the order of the Ministry of Finance of the Russian Federation of September 16, 2019 No. 146n "About introduction of the document of International accounting standards "Editorial corrections in IFRS" in action in the territory of the Russian Federation" (registration No. 56187) is registered by the Ministry of Justice of the Russian Federation on October 9, 2019, the order of the Ministry of Finance of the Russian Federation of April 7, 2020 No. 55n "About introduction of the document of International accounting standards "Reform of benchmark interest rate (The amendment to IFRS (IFRS) 9, IFRS (IAS) 39 and IFRS (IFRS) 7)" in action in the territory of the Russian Federation" (registration No. 58832) is registered by the Ministry of Justice of the Russian Federation on July 3, 2020, the order of the Ministry of Finance of the Russian Federation No. 304n, the order of the Ministry of Finance of the Russian Federation of February 17, 2021 No. 23n "About introduction of the document of International accounting standards "Reform of benchmark interest rate - stage 2 (Amendments to IFRS (IFRS) 9, IFRS (IAS) 39, IFRS (IFRS) 7, IFRS (IFRS) 4 and IFRS (IFRS) 16)" in action in the territory of the Russian Federation" (registration No. 62829) is registered by the Ministry of Justice of the Russian Federation on March 22, 2021, the order of the Ministry of Finance of the Russian Federation of February 17, 2021 No. 24n "About introduction of documents of International accounting standards "Amendments to references to "Conceptual bases" (Amendments to IFRS (IFRS) 3 "Integration of businesses") ", " fixed assets - receipts before proper use (The amendment to IFRS (IAS) 16 "Fixed assets") ", " burdensome agreements - costs for agreement performance (Amendments to IFRS (IAS) 37) "and" annual enhancements of International accounting standards, the period of 2018 - 2020" in action in the territory of the Russian Federation" (registration No. 62828) is registered by the Ministry of Justice of the Russian Federation on March 22, 2021.

"monetary items", "net investment in foreign operation" - in values, stipulated in Item 8 International accounting standards (IAS) 21 "Influence of changes of the currency rates" <3> (further - IFRS (IAS) 21);

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<3> It is enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n, with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n, the order of the Ministry of Finance of the Russian Federation No. 111n, the order of the Ministry of Finance of the Russian Federation of June 4, 2024 No. 77n "About introduction of documents of International accounting standards "Agreements on financing of deliveries (Amendments to IFRS (IAS) 7 and IFRS (IFRS) 7)", "The international tax reform - model rules of the Component 2 (Amendments to IFRS (IAS) 12)", "Lack of possibility of currency exchange (Amendments to IFRS (IAS) 21)" in action in the territory of the Russian Federation" (registration No. 78758) is registered by the Ministry of Justice of the Russian Federation on July 4, 2024.

"inefficiency of hedging" - in value, stipulated in Item B6.4.1 IFRS (IFRS) 9;

"object of hedging" - in the value established by Section 6.3 of Chapter 6 of IFRS (IFRS) 9;

"the predicted transaction", "the derivative tool", "firm contractual commitment" - in the values established by Appendix A IFRS (IFRS) 9;

"equity" - in the value established by Items 15 and 16 IFRS (IAS) 32;

"cumulative line item on risk" - in value, stipulated in Item 6.3.4 IFRS (IFRS) 9;

"fair value" - in the value established by appendix A of the International accounting standard (IFRS) 13 "Assessment of fair value" <4> (further - IFRS (IFRS) 13);

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<4> It is enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n, with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n, the order of the Ministry of Finance of the Russian Federation No. 111n.

"cash flow hedging" - in the value established by the subitem (b) of Item 6.5.2 IFRS (IFRS) 9;

"hedging of fair value" - in the value established by the subitem (a) of Item 6.5.2 IFRS (IFRS) 9;

"efficiency of hedging" - in value, stipulated in Item B6.4.1 IFRS (IFRS) 9.

1.2. Not credit financial credit institution, bureau of credit histories, credit rating agency (further in case of joint mentioning - the organization) shall reflect hedging in accounts of financial accounting of the chart of accounts of financial accounting for not credit financial credit institutions, the bureau of credit histories, credit rating agencies approved by the Bank of Russia according to 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)" in case of simultaneous accomplishment of the following conditions:

the hedging relations between hedging instrument and object of hedging are determined according to Items 6.2.1 - 6.3.7 and B6.2.1 - B6.3.25 IFRS (IFRS) 9;

the hedging relations between hedging instrument and object of hedging answer criteria of application of accounting of hedging, stipulated in Item 6.4.1 IFRS (IFRS) 9.

1.3. For the purposes of reflection of hedging on accounts of financial accounting the organization shall carry the hedging relations between hedging instrument and object of hedging to one of the following types:

hedging of fair value;

cash flow hedging;

hedging of net investment in foreign operation.

1.4. For the purposes of reflection of hedging on accounts of financial accounting the organization shall:

estimate fair value of objects of hedging and hedging instruments according to IFRS (IFRS) 13;

to independently determine the used evaluation methods of fair value of objects of hedging and hedging instruments and to approve them in accounting policy.

1.5. The organization shall stop reflection of hedging on accounts of financial accounting according to Item 6.5.6 IFRS (IFRS) 9.

Chapter 2. Reflection on accounts of financial accounting of hedging of fair value

2.1. In case of reflection the organization shall reflect in accounts of financial accounting of hedging of fair value at the same time change of fair value of object of hedging and change of fair value of the related hedging instrument.

2.2. If object of hedging is the asset (its component) reflected in accounts of financial accounting (except for the financial asset estimated by the organization at fair value through other comprehensive income according to item 4. 1.2A or Item 4.1.4 IFRS (IFRS) 9) or the obligation (its component) reflected in accounts of financial accounting, the organization shall reflect the changes of fair value of object of hedging connected with the hedged risk, in profit or loss on accounts of financial accounting on accounting of the income and expenses from change of fair value of hedging instrument the following accounting entries:

2.2.1. The increase in fair value of object of the hedging which is asset (its component), connected with the hedged risk is reflected accounting entry:

The debit of the account on accounting of the asset which is object of hedging

The credit of the account of the second procedure for the account No. 715 "The income and expenses (except percentage) from financial instrument transactions and precious metals" (further - the account No. 715), depending on hedging instrument.

2.2.2. The reduction of fair value of object of the hedging which is asset (its component), connected with the hedged risk is reflected accounting entry:

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

The credit of the account on accounting of the asset which is object of hedging.

2.2.3. The increase in fair value of object of the hedging which is the obligation (its component), connected with the hedged risk is reflected accounting entry:

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

The credit of the account on accounting of the obligation which is object of hedging.

2.2.4. The reduction of fair value of object of the hedging which is the obligation (its component), connected with the hedged risk is reflected accounting entry:

The debit of the account on accounting of the obligation which is object of hedging

The credit of the account of the second procedure for the account No. 715, depending on hedging instrument.

2.3. If object of hedging is the equity instrument reflected in accounts of financial accounting which changes of fair value according to the decision of the organization are represented as a part of other comprehensive income according to Items 4.1.4 and 5.7.5 IFRS (IFRS) 9, the organization shall reflect the amount of changes of fair value of the hedging of hedging instrument connected with such object reflected in the account of the second procedure for the account No. 715, as a part of other comprehensive income on accounts of financial accounting on accounting of revaluation of object of hedging by the following accounting entries:

2.3.1. The income from increase in fair value of hedging instrument is reflected accounting entry:

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

The credit of the account of the second procedure for the account No. 106 "Added capital" (further - the account No. 106), depending on object of hedging.

2.3.2. The expense from reduction of fair value of hedging instrument is reflected accounting entry:

The debit of the account of the second procedure for the account No. 106, depending on object of hedging

The credit of the account of the second procedure for the account No. 715, depending on hedging instrument.

2.4. If object of hedging is the financial asset (its component) estimated at fair value through other comprehensive income according to item 4 reflected in accounts of financial accounting. 1.2A IFRS (IFRS) 9, the organization shall reflect the amount of changes of fair value of the specified object of hedging connected with the hedged risk, reflected in the account No. 106, in profit or loss on accounts of financial accounting on accounting of the income and expenses from change of fair value of hedging instrument by the following accounting entries:

2.4.1. The income from increase in fair value of object of hedging is reflected accounting entry:

The debit of the account of the second procedure for the account No. 106, depending on object of hedging

The credit of the account of the second procedure for the account No. 715, depending on hedging instrument.

2.4.2. The expense from reduction of fair value of object of hedging is reflected accounting entry:

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

The credit of the account of the second procedure for the account No. 106, depending on object of hedging.

2.5. If object of hedging is the firm contractual commitment (its component) which is not reflected in accounts of financial accounting, the organization shall reflect the changes of fair value of the specified object of hedging connected with the hedged risk in accounts of financial accounting as asset or liability with simultaneous reflection in profit or loss on accounts of financial accounting on accounting of the income and expenses from change of fair value of hedging instrument the following accounting entries:

2.5.1. Increase in fair value of object of the hedging which is firm contractual commitment (its component) to acquire asset, is reflected accounting entry:

The debit of the account No. 52801 "Adjustment of asset carrying amount on change of fair value of object of hedging (firm contractual commitment)" (further - the account No. 52801) or accounts No. 52802 "Adjustment of asset carrying amount on change of fair value of object of hedging (firm contractual commitment)" (further - the account No. 52802), depending on remaining balance availability on the specified accounts

The credit of the account of the second procedure for the account No. 715, depending on hedging instrument.

2.5.2. Reduction of fair value of object of the hedging which is firm contractual commitment (its component) to acquire asset, is reflected accounting entry:

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

The credit of the account No. 52801 or account No. 52802, depending on remaining balance availability on the specified accounts.

2.5.3. Increase in fair value of object of the hedging which is firm contractual commitment (its component) to assume liability, is reflected accounting entry:

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

The account No. 52803 credit "Adjustment of book value of the obligation on change of fair value of object of hedging (firm contractual commitment)" (further - the account No. 52803) or accounts No. 52804 "Adjustment of book value of the obligation on change of fair value of object of hedging (firm contractual commitment)" (further - the account No. 52804), depending on remaining balance availability on the specified accounts.

2.5.4. Reduction of fair value of object of the hedging which is firm contractual commitment (its component) to assume liability, is reflected accounting entry:

The debit of the account No. 52803 or the account No. 52804, depending on remaining balance availability on the specified accounts

The credit of the account of the second procedure for the account No. 715, depending on hedging instrument.

2.6. If as a result of execution of firm contractual commitment the organization recognizes asset in financial accounting, the organization shall reflect adjustment of original cost of the specified asset according to Item 6.5.9 IFRS (IFRS) 9 on the amount of cumulative size of change of fair value of object of hedging which was the firm contractual commitment which is not reflected in accounts of financial accounting, the following accounting entry:

if the original cost of asset in case of adjustment increases:

The debit of the account on accounting of asset, depending on asset

Account No. 52802 credit;

if the original cost of asset in case of adjustment decreases:

Debit of the account No. 52801

The credit of the account on accounting of asset, depending on asset.

2.7. If as a result of execution of firm contractual commitment the organization recognizes the obligation in financial accounting, the organization shall reflect adjustment of original cost of the specified obligation according to Item 6.5.9 IFRS (IFRS) 9 on the amount of cumulative size of change of fair value of object of hedging which was the firm contractual commitment which is not reflected in accounts of financial accounting, the following accounting entry:

if the original cost of the obligation in case of adjustment increases:

Debit of the account No. 52803

The credit of the account on accounting of the obligation, depending on the obligation;

if the original cost of the obligation in case of adjustment decreases:

The debit of the account on accounting of the obligation, depending on the obligation

Account No. 52804 credit.

2.8. If the firm contractual commitment which is not reflected in accounts of financial accounting is stopped without execution and the asset or liability is not recognized financial accounting by the organization, the organization shall reflect write-off of cumulative size of change of fair value of object of hedging by the following accounting entries:

2.8.1. Write-off of the adjustment reducing asset cost (increasing the cost of the obligation) in case of its recognition:

The debit of the account No. 52801 or the account No. 52803, depending on remaining balance availability on the specified accounts

The credit of the account of the second procedure for the account No. 715, depending on hedging instrument.

2.8.2. Write-off of the adjustment increasing asset cost (reducing the cost of the obligation) in case of its recognition:

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

The credit of the account No. 52802 or account No. 52804, depending on availability of remaining balance on the specified accounts.

2.9. If object of hedging is the financial instrument (its component) estimated on depreciated cost reflected in accounts of financial accounting, the organization shall amortize according to Item 6.5.10 IFRS (IFRS) 9 the cumulative adjustment of its book value reflected by accounting entries according to subitems 2.2.1 - 2.2.4 Items 2.2 of this Instruction and to reflect the received depreciation amount in profit or loss accounting entries depending on object of hedging in correspondence with the account of the second procedure for the account No. 715 or in correspondence with the account of the second procedure for the account No. 710 "Interest incomes" (further - the account No. 710) or with the account of the second procedure for the account No. 711 "Interest expenses" (further - the account No. 711) (in case of adjustment of interest incomes (interest expenses).

2.10. If object of hedging is the financial asset (its component) estimated at fair value through other comprehensive income according to item 4 reflected in accounts of financial accounting. 1.2A IFRS (IFRS) 9, the organization shall amortize according to Item 6.5.10 IFRS (IFRS) 9 the cumulative amount of profit or loss reflected by accounting entries according to subitems 2.4.1 - 2.4.2 Items 2.4 of this Instruction and to reflect the received depreciation amount in profit or loss accounting entries depending on object of hedging in correspondence with the account of the second procedure for the account No. 715 or in correspondence with the account of the second procedure for the account No. 710 or with the account of the second procedure for the account No. 711 (in case of adjustment of interest incomes (interest expenses).

Chapter 3. Reflection on accounts of financial accounting of cash flow hedging

3.1. As effective hedging according to the subitem (b) of Item 6.5.11 IFRS (IFRS) 9, the organization shall reflect the part of profit or loss from revaluation of cost of hedging instrument determined in structure of other comprehensive income on accounts of financial accounting on accounting of revaluation of hedging instruments of cash flows.

Shall reflect the part of profit or loss from revaluation of cost of hedging instrument representing inefficiency of hedging according to the subitem (c) of Item 6.5.11 IFRS (IFRS) 9, the organization in profit or loss in accounts of financial accounting on accounting of the income and expenses (except percentage) from financial instrument transactions.

3.2. For the purpose of fulfillment of requirements of Item 3.1 of this Instruction the organization shall reflect the following accounting entries:

3.2.1. Revaluation of hedging instrument if the income from revaluation of hedging instrument is recognized, is reflected accounting entry:

The debit of the account on accounting of hedging instrument, depending on hedging instrument

The account No. 10619 credit "Revaluation of hedging instruments of cash flows - positive differences" (further - the account No. 10619) or accounts No. 10620 "Revaluation of hedging instruments of cash flows - negative differences" (further - the account No. 10620), depending on remaining balance availability on the specified accounts.

3.2.2. Revaluation of hedging instrument if the expense from revaluation of hedging instrument is recognized, is reflected accounting entry:

The debit of the account No. 10620 or the account No. 10619, depending on remaining balance availability on the specified accounts

The credit of the account on accounting of hedging instrument, depending on hedging instrument.

3.2.3. The positive difference between the remaining balance created on the account No. 10619 or the account No. 10620 after reflection of accounting entry according to subitems 3.2.1 and 3.2.2 of this Item, and the smallest of the sizes specified in the subitem (a) of Item 6.5.11 IFRS (IFRS) 9, is reflected accounting entry:

Debit of the account No. 10619

The credit of the account of the second procedure for the account No. 715, depending on hedging instrument,

or

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

Account No. 10620 credit.

3.3. The negative difference between the remaining balance created on the account No. 10619 or the account No. 10620 after reflection of accounting entry according to subitems 3.2.1 and 3.2.2 of Item 3.2 of this Instruction, and the smallest of the sizes specified in the subitem (a) of Item 6.5.11 IFRS (IFRS) 9, shall not be reflected the organization in accounts of financial accounting.

3.4. If the hedged predicted transaction led to recognition in financial accounting of non-financial asset, for date of its recognition the organization shall reflect according to the subitem (i)(d) of Item 6.5.11 IFRS (IFRS) 9 transfer of the organization of the amount of the revaluation of hedging instrument reflected according to Item 3.2 of this Instruction which is saved up as a part of equity from equity in original cost of non-financial asset the following accounting entries:

3.4.1. Transfer of the cumulative amount of positive revaluation of hedging instrument is reflected accounting entry:

Debit of the account No. 10619

The credit of the account on accounting of non-financial asset, depending on non-financial asset.

3.4.2. Transfer of the cumulative amount of negative revaluation of hedging instrument is reflected accounting entry:

The debit of the account on accounting of non-financial asset, depending on non-financial asset

Account No. 10620 credit.

3.5. If the hedged predicted transaction led to recognition in financial accounting of the non-financial obligation, for date of its recognition the organization shall reflect according to the subitem (i)(d) of Item 6.5.11 IFRS (IFRS) 9 transfer of the organization of the amount of the revaluation of hedging instrument reflected according to Item 3.2 of this Instruction which is saved up as a part of equity from equity in original cost of the non-financial obligation the following accounting entries:

3.5.1. Transfer of the cumulative amount of positive revaluation of hedging instrument is reflected accounting entry:

Debit of the account No. 10619

The credit of the account on accounting of the non-financial obligation, depending on the non-financial obligation.

3.5.2. Transfer of the cumulative amount of negative revaluation of hedging instrument is reflected accounting entry:

The debit of the account on accounting of the non-financial obligation, depending on the non-financial obligation

Account No. 10620 credit.

3.6. If as a result of the hedged predicted transaction concerning non-financial asset or the non-financial obligation the organization becomes the party of firm contractual commitment to which accounting of hedging of fair value is applied, for date when the organization becomes the party of firm contractual commitment, it shall reflect according to the subitem (i)(d) of Item 6.5.11 IFRS (IFRS) 9 transfer of the organization of the amount of the revaluation of hedging instrument reflected according to Item 3.2 of this Instruction which is saved up as a part of equity from equity in adjustment of book value of object of hedging by the following accounting entries:

3.6.1. Transfer of the cumulative amount of positive revaluation of hedging instrument is reflected accounting entry:

in case of firm contractual commitment to acquire asset:

Debit of the account No. 10619

Account No. 52801 credit;

in case of firm contractual commitment to assume liability:

Debit of the account No. 10619

Account No. 52803 credit.

3.6.2. Transfer of the cumulative amount of negative revaluation of hedging instrument is reflected accounting entry:

in case of firm contractual commitment to acquire asset:

Debit of the account No. 52802

Account No. 10620 credit;

in case of firm contractual commitment to assume liability:

Debit of the account No. 52804

Account No. 10620 credit.

3.6.3. The organization shall reflect execution of firm contractual commitment to which accounting of hedging of fair value is applied accounting entries according to Items 2.6 and 2.7 of this Instruction.

3.6.4. The organization shall reflect the termination of firm contractual commitment to which accounting of hedging of fair value is applied without execution accounting entries according to Item 2.8 of this Instruction.

3.7. In the cases which are not provided by Items 3.4 - 3.6 presents of the Instruction, for date when the hedged expected future cash flows exert impact on profit or loss, the organization shall reflect reclassification of the organization of the amount of the revaluation of hedging instrument reflected according to Item 3.2 of this Instruction which is saved up as a part of equity from equity in structure of profit or loss into the account on accounting of interest incomes, interest expenses or the account on accounting of the income and expenses (except percentage) from financial instrument transactions by the following accounting entries:

3.7.1. Reclassification of the cumulative amount of positive revaluation of hedging instrument is reflected accounting entry:

Debit of the account No. 10619

The credit of the account of the second procedure for the account No. 710, accounts No. 711 or accounts No. 715, depending on the income or expenses.

3.7.2. Reclassification of the cumulative amount of negative revaluation of hedging instrument is reflected accounting entry:

The debit of the account of the second procedure for the account No. 710, accounts No. 711 or accounts No. 715, depending on the income or expenses

Account No. 10620 credit.

3.8. In the case provided by the subitem (d) (iii) of Item 6.5.11 IFRS (IFRS) 9, the organization shall reclassify the negative revaluation of hedging instrument which is saved up as a part of equity of the organization reflected according to Item 3.2 of this Instruction from structure of equity in structure of profit or loss accounting entry according to subitem 3.7.2 of Item 3.7 of this Instruction.

3.9. In case of the termination of financial accounting of transactions of cash flow hedging according to Item 1.5 of this Instruction the organization shall reflect the amount of the organization of revaluation of hedging instrument which is saved up as a part of equity according to the subitem (a) of Item 6.5.12 IFRS (IFRS) 9, if accomplishment of the predicted transaction is expected.

If accomplishment of the predicted transaction is not expected, the organization shall reclassify the amount of the organization of revaluation which is saved up as a part of equity according to the subitem (b) of Item 6.5.12 IFRS (IFRS) 9 and reflect the specified reclassification by accounting entry according to subitems 3.7.1 and 3.7.2 of Item 3.7 of this Instruction.

Chapter 4. Reflection on accounts of financial accounting of hedging of net investment in foreign operation

4.1. In case of reflection on accounts of financial accounting of hedging of net investment in foreign operation, including transactions of hedging of monetary item which is part of net investment in foreign operation according to IFRS (IAS) 21, the organization shall reflect the revaluation of cost of hedging instrument determined as effective hedging according to the subitem (a) of Item 6.5.13 IFRS (IFRS) 9, as a part of other comprehensive income on accounts of financial accounting on accounting of revaluation of hedging instruments of net investment in foreign operation.

Shall reflect the part of profit or loss from revaluation of cost of hedging instrument representing inefficiency of hedging according to the subitem (b) of Item 6.5.13 IFRS (IFRS) 9, the organization in profit or loss in accounts of financial accounting on accounting of the income and expenses (except percentage) from financial instrument transactions.

4.2. For the purpose of fulfillment of requirements of Item 4.1 of this Instruction the organization shall reflect the following accounting entries:

4.2.1. Revaluation of hedging instrument if the income from revaluation of hedging instrument is recognized, is reflected accounting entry:

The debit of the account on accounting of hedging instrument, depending on hedging instrument

The account No. 10624 credit "Revaluation of hedging instruments of net investment in foreign operation - positive differences" (further - the account No. 10624) or the account No. 10625 "Revaluation of hedging instruments of net investment in foreign operation - negative differences" (further - the account No. 10625), depending on remaining balance availability on the specified accounts.

4.2.2. Revaluation of hedging instrument if the expense from revaluation of hedging instrument is recognized, is reflected accounting entry:

The debit of the account No. 10625 or the account No. 10624, depending on remaining balance availability on the specified accounts

The credit of the account on accounting of hedging instrument, depending on hedging instrument.

4.2.3. The positive difference between the remaining balance created on the account No. 10624 or the account No. 10625 after reflection of accounting entry according to subitems 4.2.1 and 4.2.2 of this Item, and the smallest of the sizes specified in the subitem (a) of Item 6.5.11 IFRS (IFRS) 9, is reflected accounting entry:

Debit of the account No. 10624

The credit of the account of the second procedure for the account No. 715, depending on hedging instrument

or

The debit of the account of the second procedure for the account No. 715, depending on hedging instrument

Account No. 10625 credit.

4.3. The negative difference between the remaining balance created on the account No. 10624 or the account No. 10625 after reflection of accounting entry according to subitems 4.2.1 and 4.2.2 of Item 4.2 of this Instruction, and the smallest of the sizes specified in the subitem (a) of Item 6.5.11 IFRS (IFRS) 9, shall not be reflected the organization in accounts of financial accounting.

4.4. The organization shall reflect reclassification according to Item 6.5.14 IFRS (IFRS) 9 of the amount of the revaluation of hedging instrument which is saved up as a part of equity of the organization from equity in structure of profit or loss the following accounting entries:

4.4.1. Reclassification of the cumulative amount of positive revaluation of hedging instrument is reflected accounting entry:

Debit of the account No. 10624

The credit of the account of the second procedure for the account No. 710, accounts No. 711 or accounts No. 715, depending on the income or expenses.

4.4.2. Reclassification of the cumulative amount of negative revaluation of hedging instrument is reflected accounting entry:

The debit of the account of the second procedure for the account No. 710, accounts No. 711 or accounts No. 715, depending on the income or expenses

Account No. 10625 credit.

Chapter 5. Final provisions

5.1. In case of application of this Instruction the organization shall be guided by International accounting standards and Explanations of International Financial Reporting Standards <5>.

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<5> Are enacted in the territory of the Russian Federation according to the order of the Government of the Russian Federation of February 25, 2011 No. 107 "About approval of the Regulations on recognition of International accounting standards and Explanations of International accounting standards for application in the territory of the Russian Federation".

5.2. Requirements of this Instruction do not extend to foreign insurance companies.

5.3. This Instruction is subject to official publication 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 March 21, 2025 No. PSD-8) become effective since January 1, 2026.

 

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