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in the Ministry of Justice

Azerbaijan Republic

On January 9, 2001 No. 2539

Approved by the Ministry of the State-owned property of the Azerbaijan Republic of January 5, 2001 No. 04

Rules of issue by the Ministry of state-owned property of the conclusions of write-off of property, plant and equipment (funds) consisting on balance of the state companies and organizations, and also not completely privatized joint-stock companies and legal entities in which authorized fund there is share of the state

1. This document is developed according to the Law of the Azerbaijan Republic "About financial accounting", the "Provision on the Ministry of state-owned property of the Azerbaijan Republic" approved by the Presidential decree of the Azerbaijan Republic of December 24, 1999 and also the resolution of the Cabinet of Ministers of the Azerbaijan Republic "About settlement of some costs included in product cost (works, services)" of July 3, 1997 in No. 71 and establishes rules of giving state-owned property of the conclusion by the Ministry of write-off of property, plant and equipment (funds) consisting on balance of the state companies and organizations, and also not completely privatized joint-stock companies and legal entities in which authorized fund there is share of the state.

2. The conclusion on write-off of property, plant and equipment (funds) consisting on balance of the state companies and organizations, and also not completely privatized joint-stock companies and legal entities in which authorized fund there is share of the state is given in case of write-off from the fixed asset account with original book value from above 10, to 0 million manats for unit or set which became unsuitable and also in case of write-off of such property, plant and equipment (funds) from the account of their principal organ of management.

3. If original book value for unit or set of the fixed assets which are subject to write-off (except automobiles), below 10, 0 million manats, the conclusion on their write-off is not required.

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