Approved by the Order of the Ministry of Finance of Ukraine of December 24, 2010 No. 1629

National provision (standard) of financial accounting in public sector 129 "The investment real estate"

I. General provisions

1. This National provision (standard) determines the methodological principles of forming in financial accounting of information on the investment real estate and its disclosure in the financial reporting.

2. Regulations of this National provision (standard) are applied by subjects of financial accounting in public sector (further - subjects of public sector).

3. This National provision (standard) is not applied to the questions settled by the National provision (standard) of financial accounting in public sector 126th "Lease" approved by the order of the Ministry of Finance of Ukraine of 24.12.2010 No. 1629, and other national provisions (standards) of financial accounting in public sector namely to:

classifications of lease on operational and financial;

to recognition of lease revenue of objects of the investment real estate;

to sales accounting and transactions on asset sale with their further lease;

to disclosure of information on operating lease in the financial reporting;

to accounting of the biological assets connected with agricultural activities;

to accounting of the rights to exploration and production of minerals and non-reproducible resources;

to assessment by the lessor of the real estate provided in lease under the agreement of finance lease.

4. Terms which are used in national provisions (standards) of financial accounting in public sector have such value:

asset carrying amount - asset cost on which it joins in balance sheet total;

the investment real estate - the parcels of land, buildings, constructions which are located on the earth, containing for the purpose of receipt of lease payments and/or increases in equity;

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