Approved by the Ministry of Finance of the Republic of Uzbekistan of October 19, 1998, No. 52

National Accounting standard of the Republic of Uzbekistan No. 10 NSBU "Accounting of government subsidies and disclosure of government assistance"

General provisions

1. This National Accounting Standard (NAS) is developed on the basis of the Law of the Republic of Uzbekistan "About financial accounting" and is element of system of normative regulation of financial accounting in the Republic of Uzbekistan.

Purpose

2. The purpose of this standard is determinations of the principles of financial accounting and reflection in the financial reporting of the government subsidies or other types of government assistance received by business entity.

Coverage

3. This standard is applied by business entities to accounting of government subsidies and disclosure of other types of government assistance.

4. This standard is not applied:

4.1. To the specific problems arising when accounting government subsidies in the financial statements reflecting influence of the changing prices or in the additional information of similar nature;

4.2. To government assistance which is provided to the company in the form of benefits and privileges in case of taxable profit determination or which are determined or are limited on the basis of the obligation on tax on the income (such as temporary tax exemption, the tax credit and the reduced rates of tax on the income (profit);

4.3. To the state participation in property of business entity.

Determinations

5. The terms used in this Standard:

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