RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of November 9, 2011 No. 507

About approval of the Instruction for creation of annual individual accounting (financial) accounts

Based on the paragraph of the thirty eighth of Article 26 and part one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. Approve the Instruction for creation of annual individual accounting (financial) accounts it (is applied).

2. Recognize to invalid:

the resolution of the Board of directors of National Bank of the Republic of Belarus of November 27, 2006 No. 323 "About the annual statement of banks of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2006, No. 207, 8/15474);

the resolution of the Board of directors of National Bank of the Republic of Belarus of August 21, 2007 No. 263 "About modification of the resolution of the Board of directors of National Bank of the Republic of Belarus of November 27, 2006 No. 323 and recognition No. 353 which voided resolutions of Board of National Bank of the Republic of Belarus of December 28, 2001" (The national register of legal acts of the Republic of Belarus, 2007, No. 212, 8/17015);

the resolution of the Board of directors of National Bank of the Republic of Belarus of November 14, 2007 No. 341 "About modification and amendments in the resolution of the Board of directors of National Bank of the Republic of Belarus of November 27, 2006 No. 323" (The national register of legal acts of the Republic of Belarus, 2007, No. 300, 8/17551);

the resolution of the Board of directors of National Bank of the Republic of Belarus of December 10, 2008 No. 420 "About entering of amendments and changes into the resolution of the Board of directors of National Bank of the Republic of Belarus of November 27, 2006 No. 323" (The national register of legal acts of the Republic of Belarus, 2009, No. 3, 8/20124);

the resolution of the Board of directors of National Bank of the Republic of Belarus of December 17, 2009 No. 445 "About modification and amendments in the resolution of the Board of directors of National Bank of the Republic of Belarus of November 27, 2006 No. 323" (The national register of legal acts of the Republic of Belarus, 2010, No. 1, 8/21740);

the resolution of Board of National Bank of the Republic of Belarus of November 17, 2010 No. 500 "About modification and amendments in the resolution of the Board of directors of National Bank of the Republic of Belarus of November 27, 2006 No. 323" (The national register of legal acts of the Republic of Belarus, 2010, No. 300, 8/23028);

the resolution of Board of National Bank of the Republic of Belarus of January 19, 2011 No. 23 "About establishment of report form about cash flow and approval of the Instruction for creation of the cash flow statement by banks of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2011, No. 21, 8/23324).

3. This resolution becomes effective after its official publication and is applied in case of creation of the annual financial reporting by banks and non-bank credit and financial organizations of the Republic of Belarus for 2011 and the next years.

Approved by the Resolution of Board of National Bank of the Republic of Belarus of November 9, 2011 No. 507

Instruction for creation of annual individual accounting (financial) accounts

Chapter 1. General provisions

1. This Instruction determines procedure for creation of annual individual accounting (financial) accounts (further – the annual financial reporting) banks and the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company (further – banks).

2. For the purposes of this Instruction terms in the values determined by the National accounting standard 7th "Cash flow statement" are used (NSFO 7) approved by the resolution of the Board of directors of National Bank of the Republic of Belarus of September 28, 2007 No. 296, and the National accounting standard 21 "Influence of changes of the currency rates" (NSFO 21) approved by the resolution of the Board of directors of National Bank of the Republic of Belarus of September 28, 2007 No. 297.

3. The annual financial reporting of banks includes:

the balance sheet (form 1) according to appendix 1;

the profit and loss statement (form 2) according to appendix 2;

the report on change of equity (form 3) according to appendix 3;

the cash flow statement (form 4) according to appendix 4;

notes to the annual financial reporting (further – notes).

4. In case of creation of the annual financial reporting banks are guided by the Chart of accounts of financial accounting in banks and the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company according to appendix 1 to the resolution of Board of National Bank of the Republic of Belarus of August 29, 2013 No. 506 "About establishment of the Chart of accounts of financial accounting in banks and the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company and approval of the Instruction about procedure for application of the Chart of accounts of financial accounting in banks and the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company (further – the Chart of accounts), this Instruction and other acts of the legislation.

5. When conducting financial accounting banks shall observe within accounting year the accepted accounting policy, except as specified, established by the legislation. Changes of accounting policy make a reservation in notes with indication of the results which arose owing to modification of accounting policy.

6. Responsibility for timely, complete and high-quality creation of the annual financial reporting is assigned to heads and chief accountants of banks.

7. The annual financial reporting is constituted by banks in thousands of Belarusian rubles in integers taking into account these all branches and representative offices of banks irrespective of the place of their stay.

8. In the absence of digital data in forms of the annual financial reporting the crossed out section is put.

9. Forms of the annual financial reporting are used in case of creation of intermediate individual accounting (financial) statements, the consolidated accounting (financial) records (annual and intermediate) with indication of the corresponding accounting period (reporting date). When forming of the consolidated accounting (financial) records (annual and intermediate) forms of the annual financial reporting can be supplemented with the relevant articles or corrections can be made to them.

10. When filling forms of the annual financial reporting arithmetic equality of the amounts of values in the lines and graphs and the corresponding final values shall be observed (errors due to rounding shall not be).

11. Articles of forms of the annual financial reporting shall contain cross references on any information relating to them provided in the note.

12. The annual financial reporting is signed by the head and the chief accountant of bank. On all forms of the annual financial reporting date of their signing is specified.

13. The Item is excluded according to the Resolution of Board of National Bank of the Republic of Belarus of 24.12.2021 No. 410

14. For the purpose of timely and high-quality creation of the annual financial reporting banks at the end of the accounting year carry out the following preparatory work:

14.1. make reconciliation of data of analytics with synthetic. By results of reconciliation measures for settlement of the revealed discrepancies are taken;

14.2. charge and reflect the income and expenses of bank in financial accounting;

14.3. carry out inventory count of assets and liabilities for the purpose of reflection of actual state of the relevant articles of forms of the annual financial reporting;

14.4. take measures for settlement of receivables and payables (including means in calculations for transactions with banks and clients), the amounts before examination. The banks performing construction according to the procedure of equity shall verify with general builders (contractors) of the amount of remaining balance of the means which are registered on the balance sheet account 6540 "Calculations for Capital Investments" * and receive from the last written confirmations of the amounts of remaining balance of debts;

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* Hereinafter in the text of this Instruction of the account are specified according to the Chart of accounts.

14.5. in the presence at bank of excess of the amount of appropriated profit (balance sheet account 7380 "Use of Profit of Accounting Year") over the amount of the got profit (balance sheet account 7370 "Profit (Loss) of Accounting Year") for completion of exceeding it is necessary to return into the balance sheet account 7380 "Use of Profit of Accounting Year" of means, the developments listed in reporting year in fund, reserve, other funds. At the same time accounting entries on the debit of accounts on accounting of funds of bank (Funds group 732) in correspondence with the balance sheet account 7380 "Use of Profit of Accounting Year" are made. After closing to the first working day of the year following for reporting of the balance sheet account 7380 "Use of Profit of Accounting Year" the above-stated means return to the balance sheet account 7362 "Appropriated Profit waiting for Approval".

15. On all customer accounts opened by bank (except for physical persons), including to accounts of other banks, confirmations of the amounts of remaining balance on the 1st of the year following for reporting shall be received.

16. Before signing of the annual financial reporting the chief accountant of bank shall provide reconciliation of reporting data with data of the daily balance for the last working day of accounting year, and also check availability of all forms and correctness of filling of all details.

17. In case of creation of the annual financial reporting the organizational and structural changes which happened in bank for the accounting period are considered.

18. The bank reorganized in reporting year and which did not stop the activities constitutes the annual financial reporting in full for complete accounting year.

The bank which stopped in reporting year the activities in connection with reorganization does not constitute the annual financial reporting.

19. The bank which arose in reporting year as a result of reorganization and bank, newly created within accounting year, constitute the annual financial reporting in full for the period from the date of their state registration.

20. Bank on which the decision on liquidation is made or from which the National Bank revokes the license for implementation of banking activity, but at which is on the 1st of the year following for reporting actually, liquidation is not complete, constitutes the annual financial reporting in volume of the balance sheet and notes.

Chapter 2. Creation of the balance sheet

21. The balance sheet which is part of the annual financial reporting represents set of the indicators characterizing financial position of bank on reporting date.

Data on the size of assets, obligations and equity of bank on reporting date are provided in the balance sheet (the column 5) and the relevant comparative information in the year previous reporting (the column 6).

The balance sheet is constituted proceeding from the official rates of Belarusian ruble to the corresponding foreign currencies established by National Bank on reporting date.

Data on means of bank in the specialized financial organizations *, and also means of the specialized financial organizations in bank are reflected in the balance sheet under the relevant articles provided for banks (symbols 1104, 1202 respectively).

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* The specialized financial organizations are understood as the organizations specified in subitem 11.2 of Item 11 of the Instruction on procedure for application of the Chart of accounts of financial accounting in banks and the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company approved by the resolution of Board of National Bank of the Republic of Belarus of August 29, 2013 No. 506.

22. The balance sheet is constituted on algorithm according to appendix 5.

The negative result formed when forming (calculation) of the relevant article is shown in brackets.

23. Basis for creation of the balance sheet is the daily balance for the last working day of accounting year.

24. Assets and liabilities of the balance sheet decrease by the amount of the debt securities created on assets, except for carried at fair value through other comprehensive income, reserves on the amount of positive differences by the acquired rights of monetary claim, on the amount of discount, discount, cumulative reduction of fair value on the acquired, emitted (issued) securities, on the amount of the redeemed shares of own issue and on cumulative depreciation amounts and impairments of fixed assets, intangible assets.

Remaining balance of balance sheet accounts of groups 61 "Interfilial accounts", 633rd "Clearing accounts" are offset on group. Remaining balance of balance sheet accounts of the Foreign exchange position group 690 and group 691 "Ruble equivalent of foreign exchange position" becomes engrossed in reading among themselves.

25. The Item is excluded according to the Resolution of Board of National Bank of the Republic of Belarus of 24.12.2021 No. 410

26. The remaining balance of the balance sheet account 7370 "Profit (Loss) of Accounting Year" after reference on it in the last working day of year of remaining balance of balance sheet accounts on accounting of the income and expenses shows financial result of activities of bank (profit or loss). The amount of loss of separate bank branches, and also the amount of appropriated profit in unprofitable branches (balance sheet account 7380 "Use of Profit of Accounting Year") completely becomes covered by head bank or profitable branches by the profit remaining at their order or the relevant funds of bank. The balance sheet account 7370 "Profit (Loss) of Accounting Year" shall reflect only one result of activities (profit or loss) as the bank as the legal entity reports for the activities in general.

27. In the first working day of the year following for reporting, remaining balance of the balance sheet accounts 7370 "Profit (Loss) of Accounting Year" and 7380 "Use of profit of accounting year" are transferred to the balance sheet accounts 7361 "Profit (Loss) waiting for Approval" and 7362 "Appropriated profit waiting for approval" respectively.

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