ORDER OF THE STATE TREASURY OF UKRAINE

of July 17, 2000 No. 64

About approval of the Instruction for financial accounting of non-current assets of budgetary institutions

In pursuance of the Law of Ukraine "About financial accounting and the financial reporting in Ukraine" and the tasks assigned to the State Treasury of Ukraine for the purpose of ensuring unity of financial accounting of non-current assets, according to requirements of the new Chart of accounts of the financial accounting of budgetary institutions approved by the order of Head department of the State Treasury of Ukraine of 10.12.99 N 114 and registered in the Ministry of Justice of Ukraine 20.12.99 under N 890/4183, the State Treasury of Ukraine developed the Instruction for financial accounting of non-current assets of budgetary institutions. With respect thereto I ORDER:

1. Approve the Instruction for financial accounting of non-current assets of budgetary institutions it (is applied).

2. Recognize such which is not applied the Instruction for fixed asset accounting of budgetary institutions approved by the order of Head department of the State Treasury of Ukraine, the Ministry of Economics of Ukraine and the State committee of statistics of Ukraine of 02.12.97 N 124/136/71 and registered in the Ministry of Justice of Ukraine 19.12.97 under N 609/2413.

3. To department of methodology on servicing of budgets, financial accounting and the reporting of the State Treasury of Ukraine the Instruction for financial accounting of non-current assets of budgetary institutions to bring to permission of bodies of the State Treasury of Ukraine.

4. To the ministries, other central executive bodies the Instruction for financial accounting of non-current assets of budgetary institutions to bring to permission of subordinated organizations and organizations.

Approved by the Order of the State Treasury of Ukraine of July 17, 2000 No. 64

Instruction for financial accounting of non-current assets of budgetary institutions

1. General provisions

1.1. This Instruction determines methodological bases of forming in financial accounting of information on fixed assets, other non-current tangible assets, intangible assets and incomplete capital construction of budgetary institutions.

1.2. Financial accounting of non-current assets shall provide the correct documentary registration and timely reflection in bookkeeping registers of receipt, movement, disposal of all non-current assets belonging to organization including leased.

1.3. As a part of non-current assets are subject to accounting: the parcels of land, capital expenditures on improvement of lands, at home, constructions, transfer devices, working, power machines and the equipment, vehicles, tools, devices, table, kitchen and economic stock, computer facilities, the working and productive cattle, long-term plantings, museum values, exhibits of zoos, exhibitions, library stocks, fishing tools, special tools and special devices, linen, bed things, clothes and footwear, shoddy not title constructions, natural resources, inventory container, materials of long-term use with the scientific purpose, the rights, author's and adjacent to them, the rights to use of natural resources, property, objects of industrial property, other tangible and intangible assets of long-term use.

1.4. For display in financial accounting of non-current assets, the Chart of accounts of financial accounting of budgetary institutions approved by the order of Head department of the State Treasury of Ukraine of 10.12.99 N 114 and registered in the Ministry of Justice of Ukraine 20.12.99 for N 890/4183 (with changes) (further - the Chart of accounts), includes tky synthetic accounts:

10 "Fixed assets";

11 "Other non-current tangible assets";

12 "Intangible assets";

13 "Depreciation of non-current assets";

14 "Incomplete capital construction".

1.5. In financial accounting the cost at which non-current assets are displayed is distributed on:

primary;

balance sheet (residual);

recovery.

Primary cost of non-current assets is the cost which historically developed i.e. cost on actual expenses on their acquisition, construction and production.

The book (residual) value of non-current assets is primary cost less the amount of the added depreciation.

Replacement cost of non-current assets is the primary cost changed after revaluation.

1.6. Change of primary (recovery) cost of non-current assets is made in case of indexation of their primary cost according to the current legislation of Ukraine, and also in case of completion, additional equipment, reconstruction, partial liquidation of the corresponding objects and upgrade which entailed additional completion of non-current assets.

1.7. Indexation of primary (recovery) cost of groups of non-current assets is carried out within the I quarter of the next accounting year according to indexation coefficient which is determined by formula, the stipulated in Item 8.3.3 Laws of Ukraine "About the taxation of profit of the companies". In formula the inflation index of year which is annually determined by the State committee of statistics of Ukraine is applied. Indexation of primary (recovery) cost of groups of non-current assets can be made according to the independent decision of the head of organization. When carrying out indexation indexation of the amount of the depreciation added on non-current assets which developed at the time of carrying out indexation is at the same time made.

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