ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of June 18, 2001 No. 303

About approval of the National provision (standard) of financial accounting 23 "Disclosure of information of rather related parties"

On accomplishment 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 financial accounting 23 "Disclosure of information of rather related parties" 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 June 18, 2001 No. 303

National provision (standard) of financial accounting 23 "Disclosure of information of rather related parties"

General provisions

1. National provision (standard) of financial accounting 23 "Disclosure of information of rather related parties" (further - the National provision (standard) 23) determines methodological bases of forming of information on transactions of the related parties and its disclosure in the financial reporting.

2. Regulations of the National provision (standard) 23 are applied by the companies, the organizations and other legal entities (further - the companies) irrespective of patterns of ownership (except budgetary institutions and the companies which according to the legislation constitute the financial reporting under International Financial Reporting Standards) concerning transactions of the related parties.

3. As the related parties are considered:

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