RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS, MINISTRY OF ECONOMICS OF THE REPUBLIC OF BELARUS AND MINISTRY OF STATISTICS AND ANALYSIS OF THE REPUBLIC OF BELARUS

of May 14, 2004 No. 81/128/65

About approval of the instruction on the analysis and control of financial condition and solvency of subjects of business activity

According to the resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of December 31, 2003 "About the Comprehensive plan of actions of the Government of the Republic of Belarus and National Bank on accomplishment of parameters of the forecast of social and economic development, the budget and the Main directions of monetary policy of the Republic of Belarus for 2004" the Ministry of Finance of the Republic of Belarus, the Ministry of Economics of the Republic of Belarus and the Ministry of statistics and analysis of the Republic of Belarus DECIDE No. 1736/28:

1. Approve the enclosed Instruction on the analysis and control of financial condition and solvency of subjects of business activity.

2. Declare invalid the resolution of the Ministry of Finance of the Republic of Belarus, the Ministry of Economics of the Republic of Belarus, the Ministry for State Property Management and privatization of the Republic of Belarus and the Ministry of statistics and the analysis of the Republic of Belarus of April 27, 2000 No. 46/76/1850/20 "About approval of Rules on financial analysis and solvency of subjects of business activity" (The national register of legal acts of the Republic of Belarus, 2000, No. 52, 8/3453).

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus, the Ministry of Economics of the Republic of Belarus and the Ministry of statistics and the analysis of the Republic of Belarus of May 14, 2004 No. 81/128/65

Instruction on the analysis and control of financial condition and solvency of subjects of business activity

Chapter 1. General provisions

1. The instruction on the analysis and control of financial condition and solvency of subjects of business activity (further - the Instruction) is applied to legal entities, their separate divisions having separate balance, performing in the territory of the Republic of Belarus business activity in different industries of economy irrespective of their form of business and pattern of ownership (except state-financed, insurance companies, banks and the non-bank credit and financial organizations) (further - the organization) to carrying out financial analysis of the organizations and identification of the organizations with unsatisfactory balance sheet layout (the insolvent organizations).

2. Main objective of carrying out financial analysis of the organizations are reasons for the decision on recognition of balance sheet layout unsatisfactory, and organizatsiyneplatezhesposobny.

3. The conclusions received on the basis of financial analysis of the organizations can be used according to the legislation in production process on cases on economic insolvency (bankruptcy) of the organizations, and also in case of assessment of their solvency.

On analysis results of financial condition of the organizations preparation of preliminary conclusions on requests of economic courts, expert opinions and express-analyses for another interested concerning assessment of financial condition and solvency of the organizations is carried out.

4. Information sources for carrying out financial analysis of the organization are: the balance sheet (form 1), the profit and loss statement (form 2), the report on change of the capital (form 3), the cash flow statement (form 4), appendix to the balance sheet (form 5) and the report on target use of the received means (form 6), the Ministries of Finance of the Republic of Belarus filled according to the resolution of February 14, 2008 No. 19 "About approval of forms of accounting records, Instruction of procedure for creation and submission of accounting records and recognition voided some regulatory legal acts of the Ministry of Finance of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2008, No. 67, 8/18345).

5. Financial analysis of the organization is made based on the balance sheet for the last accounting period, and also the balance sheet on the first of current month (if date of creation of this balance sheet does not match with end date of the last accounting period), represented by the organization.

6. For carrying out express-analysis of financial condition and solvency of the organization statistical data (information) on structure of means and sources of their education, about financial results, about condition of calculations can be used.

Chapter 2. System of criteria for determination of unsatisfactory balance sheet layout of the organization

7. As criteria for assessment of sufficiency of balance sheet layout of the organization the following indicators are used:

coefficient of current liquidity;

coefficient of security with own current assets.

8. The coefficient of current liquidity characterizes general security of the organization with own current assets for conducting economic activity and timely repayment of urgent obligations of the organization.

The coefficient of current liquidity is determined as the relation of actual cost of the current assets which are available at the organization in the form of inventories and costs, taxes by goods purchased, works, services, receivables, settlings with founders, money, the financial investments and other current assets to short-term obligations of the organization except for of reserves of the forthcoming expenses.

9. The coefficient of security with own current assets characterizes availability at the organization of own current assets necessary for its financial stability.

The coefficient of security with own current assets is determined as the relation of difference of the capital and reserves, including reserves of the forthcoming expenses, and actual cost of non-current assets to actual cost of the current assets which are available at the organization in the form of inventories and costs, taxes by goods purchased, works, services, receivables, settlings with founders, money, the financial investments and other current assets.

Chapter 3. Determination of unsatisfactory structure of bukhgaltersey balance of the organization

10. The basis for recognition of balance sheet layout unsatisfactory, and the organizations - insolvent is availability of at the same time following conditions:

the coefficient of current liquidity by the end of the reporting period depending on industry (subindustry) accessory of the organization matters less brought according to appendix 1;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info