ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of July 16, 2001 No. 344

About approval of the National provision (standard) of the financial accounting 24 "Profit per share"

In pursuance of the Program of reforming of the system of financial accounting using international standards approved by the resolution of the Cabinet of Ministers of Ukraine of October 28, 1998 No. 1706, and according to articles 1 and 6 of the Law of Ukraine "About financial accounting and the financial reporting in Ukraine" I ORDER:

Approve the National provision (standard) of the financial accounting 24 "Profit per share" approved by Methodological council on financial accounting of the Ministry of Finance of Ukraine which is applied.

Approved by the Order of the Ministry of Finance of Ukraine of July 16, 2001 No. 344

National provision (standard) of the financial accounting 24 "Profit per share"

General provisions

1. National provision (standard) of the financial accounting 24 "Profit per share" (further - the National provision (standard) 24) determines methodological bases of forming of information on net profit on one common share and its disclosure in the financial reporting.

2. Regulations of the National provision (standard) 24 are applied by open joint stock companies, except those which according to the legislation constitute the financial reporting under International Financial Reporting Standards (further - societies).

3. Terms which are used in provisions (standards) of financial accounting have such value:

The anti-diluting potential common share - the financial instrument or other agreement which converting in common shares will lead to increase in net profit (reduction of net loss) at one common share from regular activities in the future.

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