RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of December 10, 2013 No. 79

About entering of amendments and changes into the resolution of the Ministry of Finance of the Republic of Belarus of January 11, 2010 No. 2

Based on Item 5 of article 16 of the Law of the Republic of Belarus of July 12, 2013 "About financial accounting and the reporting", the Ministry of Finance of the Republic of Belarus DECIDES: parts one of Item 60 of the Regulations on insurance activity in the Republic of Belarus approved by the Presidential decree of the Republic of Belarus of August 25, 2006 No. 530 "About insurance activity", subitem 4.32 of Item 4, of Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585 "Questions of the Ministry of Finance of the Republic of Belarus"

1. Bring in the resolution of the Ministry of Finance of the Republic of Belarus of January 11, 2010 No. 2 "About single questions of conducting financial accounting, creation and submission of accounting records by insurance companies and modification and amendments in some resolutions of the Ministry of Finance of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2010, No. 58, 8/21857; 2012, No. 33, 8/24982; National legal Internet portal of the Republic of Belarus, 13.12. 2012, 8/26626; 30.12. 2012, 8/26717) following amendments and changes:

1.1. in Item 1:

1.1.1. the fourth after the word "change" to add the paragraph with the word of "own";

1.1.2. the fifth to exclude the paragraph;

1.1.3. the sixth or ninth to consider paragraphs respectively paragraphs the fifth or eighth;

1.1.4. to exclude paragraphs of the sixth or eighth;

1.2. appendix 1 to this resolution after line item

"Money and their equivalents

270"

add with line items of the following content:

"Including: cash desk	271
deposit accounts	272
cash equivalents	273
other money	274";

1.3. in appendix 2 to this resolution:

1.3.1. after line item

"Profit (loss) from transactions on the types of insurance relating to life insurance (lines 010 – 020 + 030 – 040 – 050 + 055 – 056)

060"

add appendix with line items of the following content:

"Other incomes on the current activities	065
Other expenses on the current activities	066
Profit (loss) from the current activities for the types of insurance relating to life insurance (lines ± 060 + 065 – 066)	069";

1.3.2. after line item

"Change of other insurance reserves

120"

add appendix with line item of the following content:

"Including increase in special insurance reserve on compulsory insurance with the state support of harvest of crops, the cattle and bird for the income account received from investment of this reserve

121";

1.3.3. line item

"Profit (loss) from transactions on types of insurance other, than life insurance (lines 100 + 110 + 120 – 130 – 140 – 150 + 155 + 160 – 165)

170"

replace with line item of the following content:

"Profit (loss) from transactions on types of insurance other, than life insurance (lines 100 + 110 + (120 – 121) – 130 – 140 – 150 + 155 + 160 – 165)

170";

1.3.4. after line item

"Profit (loss) from transactions on types of insurance other, than life insurance (lines 100 + 110 + (120 – 121) – 130 – 140 – 150 + 155 + 160 – 165)

170"

add appendix with line items of the following content:

"Other incomes on the current activities	175
Other expenses on the current activities	176
Profit (loss) from the current activities for types of insurance other, than life insurance (lines ± 170 + 175 – 176)	179";

1.3.5. line item

"Other income

220"

replace with line item of the following content:

"Profit (loss) from investing and financial activities (line 180 – 190 + 200 – 210)

220";

1.3.6. line item

"Other expenses

225"

exclude;

1.3.7. line items

"Profit (loss) from investing, financial and other activities (line 180 – 190 + 200 – 210 + 220 – 225)	230
Profit (loss) of the accounting period (line ± 060 ± 170 ± 230)	240"

replace with line items of the following content:

"Including the investment income of special insurance reserve on compulsory insurance with the state support of harvest of crops, the cattle and bird directed to increase in this reserve	230
Profit (loss) to the taxation (line ± 069 ± 179 ± 220 – 230)	240";

1.3.8. after line item

"The other taxes and fees estimated from profit (income)

280"

add appendix with line item of the following content:

"The other payments estimated from profit (income)

285";

1.3.9. line item

"Net profit (loss) (lines ± 240 – 250 ± 260 ± 270 – 280)

290"

replace with line item of the following content:

"Net profit (loss) (lines ± 240 – 250 ± 260 ± 270 – 280 – 285)

290";

1.4. "change" to add the name of appendix 3 to this resolution after the word with the word of "own";

1.5. exclude appendix 4;

1.6. in appendix 5 to this resolution:

1.6.1. line item

"Cash flow on the insurance activity and activities connected with insurance"

replace with line item of the following content:

"Cash flow on the current activities";

1.6.2. line item

"Result of cash flow on the insurance activity and activities connected with insurance (lines 010-100)

220"

replace with line item of the following content:

"Result of cash flow on the current activities (lines 010-100)

220";

1.7. to exclude appendices 6-8 to this resolution;

1.8. in the Instruction about features of financial accounting of the income and expenses by insurance companies approved by this resolution:

1.8.1. in Item 2:

paragraphs two and the fifth to exclude;

to consider paragraphs of the third, fourth, sixth or eighth respectively paragraphs the second or sixth;

the fourth to state the paragraph in the following edition:

"the current activities - the principal revenue-producing activities of insurance company and other activities which are not relating to financial and investing activities (insurance activity, the activities connected with insurance, other current activities);";

1.8.2. state Item 3 in the following edition:

"3. The income and expenses depending on their nature, conditions of implementation and activities of insurance company are subdivided on:

income and expenses on the current activities;

income and expenses on investing activities;

income and expenses on financial activities.";

1.8.3. in Item 6:

the eleventh to exclude the paragraph;

the twelfth to consider the paragraph the paragraph the eleventh;

1.8.4. add the Instruction with Item 6-1 of the following content:

"6-1. The income and expenses on other current activities are considered on account 91 "Other incomes and expenses" and include: the income and expenses connected with emergency situations;

the income and expenses connected with realization and other disposal of inventories (except for finished goods, goods) and money;

the amounts of excesses of inventories, money revealed as a result of inventory count;

inventory cost, money, the performed works, the rendered services received or donated;

the income connected with the state support directed to stock acquisition, payment of the performed works of the rendered services, financing of current expenses;

income and expenses from right to claim concession;

the amounts of shortages and losses from spoil of inventories, money;

the amounts of the created reserves under reduction in cost of inventories and the recovered amounts of these reserves;

the amounts of the created doubtful debt allowances and the recovered amounts of these reserves;

expenses according to the cancelled production orders;

expenses of productions of services and farms;

financial support to employees of the organization, remuneration following the results of work in year;

the losses which are not offset by perpetrators from idle times for the external reasons;

penalties, penalty fee on payments in the budget, to calculations for social insurance and providing;

penalties (penalties, penalty fee) and other types of sanctions for violation of conditions of agreements awarded by court or recognized by the debtor, which are receivable;

penalties (penalties, penalty fee) and other types of sanctions for violation of conditions of agreements awarded by court or recognized by the organization, which are subject to payment;

court costs;

other income and expenses on other current activities.";

1.8.5. in Item 7:

the fifteenth to exclude the paragraph;

the sixteenth to consider the paragraph the paragraph the fifteenth;

1.8.6. in Item 8:

to exclude the paragraph of the seventh;

to consider the paragraph of the eighth the paragraph the seventh;

1.8.7. exclude Item 9;

1.8.8. to exclude from the name of Chapter 3 of the word "ON the ACCRUAL METHOD";

1.8.9. in Item 13 of the word "the caused damage to insured property" shall be replaced with words "the damages paid as a result of insurance";

1.9. in the Instruction about procedure for creation and submission of the accounting records of insurance companies approved by this resolution:

1.9.1. in Item 1 of the word of "creation of accounting records" shall be replaced with words "creation of individual accounting records (further - accounting records)";

1.9.2. state Items 2 and 3 in the following edition:

"2. Annual and quarter accounting records of insurance companies consist from:

balance sheet;

profit and loss statement;

report on change of equity;

cash flow statement;

notes to accounting records.

The audit opinion according to this reporting is applied to annual accounting records.

3. Monthly accounting records of insurance companies consist of the balance sheet.";

1.9.3. exclude Item 5;

1.9.4. state Item 7 in the following edition:

"7. When entering additional details and data into accounting records the structure (codes of lines and columns) of the balance sheet, the profit and loss statement, the report on change of equity, the cash flow statement shall be observed.";

1.9.5. in Item 8 of the word "period of previous year similar to the accounting period" shall be replaced with words "the period of the year preceding accounting year (further - previous year), similar to the accounting period";

1.9.6. from Item 9 of the word", and also taking into account changes of accounting policy, the made reorganization of insurance company" to exclude;

1.9.7. state Item 11 in the following edition:

"11. Indicators of the balance sheet, profit and loss statement, report on change of equity, the cash flow statement on which there are no numerical values procherkivatsya. Deductible and negative numerical measure values are shown in parentheses.";

1.9.8. in Item 12 of the word "Accounting Records in Month" shall be replaced with words "Monthly accounting records";

1.9.9. in Item 13 of the word "Accounting Records in Quarter" shall be replaced with words "Quarter accounting records";

1.9.10. in Item 14 of the word "Accounting Records in Year" shall be replaced with words "Annual accounting records";

1.9.11. exclude Items 16 and 17;

1.9.12. add Item 36 with parts second or heel of the following content:

"On line 271 the balance in cash of insurance company, considered on account 50 "Cash desk" is shown.

On line 272 the balance in cash of insurance company on the deposit accounts considered on account 55 "Special accounts in banks" is shown.

On line 273 the cash equivalent balance of insurance company, considered on account 58 "Short-term financial investments" is shown.

On line 274 the remaining balance of the other money of insurance company which is not shown in the lines 271-273 is shown.";

1.9.13. add the Instruction with Item 69-1 of the following content:

"69-1. Under the article "Other Incomes on the Current Activities" (lines 065 and 175) are shown other incomes on the current activities of insurance company respectively on the types of insurance relating to life insurance, and types of insurance by other than life insurance, the "Other incomes and expenses" considered on account 91 credit.

Under the article "Other Expenses on the Current Activities" (lines 066 and 176) are shown the other expenses on the current activities of insurance company respectively on the types of insurance relating to life insurance, and types of insurance by other, than life insurance considered on the debit of account 91 "Other incomes and expenses".";

1.9.14. Item 84 after words" (line 120)" to add with words ", including on line 121 "including increase in special insurance reserve on compulsory insurance with the state support of harvest of crops, the cattle and bird for the income account received from investment of this reserve";

1.9.15. exclude Item 93;

1.9.16. add the Instruction with Item 97-1 of the following content:

"97-1. Under the article "The Other Payments Estimated from Profit (Income)" (the line 285) is shown payment amount, estimated from profit (income) (except the taxes and fees estimated from profit (income)) insurance company for the accounting period according to the legislation, reflected in financial accounting on the debit of account 99 "Profits and losses" and to account 68 credit "Calculations for taxes and fees" and other accounts.";

1.9.17. "change" to add the name of Chapter 5 and Item 113 after the word with the word of "own";

1.9.18. exclude Chapter 6;

1.9.19. state Item 121 in the following edition:

"121. Information on cash flow on the insurance activity, activities connected with insurance and other current activities is provided in the Section "Cash Flow on the Current Activities".";

1.9.20. in Item 122:

in part one of the word "and the activities connected with insurance" shall be replaced with words ", the activities connected with insurance and other current activities";

in part nine of the word "and the activities connected with insurance" shall be replaced with words ", the activities connected with insurance and other current activities";

1.9.21. in Item 123:

in part one of the word "and the activities connected with insurance" shall be replaced with words ", the activities connected with insurance and other current activities";

in part twelve of the word "and the activities connected with insurance" shall be replaced with words ", the activities connected with insurance and other current activities";

1.9.22. Chapter 8-10 to exclude;

1.9.23. to state the name of Chapter 11 in the following edition:

"CHAPTER 11 OF THE NOTE TO ACCOUNTING RECORDS";

1.9.24. in Item 161:

in part one:

the paragraph one to state in the following edition:

"161. Notes to accounting records of insurance company (further - notes) shall contain:";

the fourth and fifth to state paragraphs in the following edition:

"the additional information according to balance sheet items, the profit and loss statement, the report on change of equity, the cash flow statement provided in that procedure in which Articles are shown in the specified reports;

the additional information which does not contain in the balance sheet, the profit and loss statement, the report on change of equity, the cash flow statement, but it is relevant to understanding of accounting records its users;";

word in paragraph six to "explanatory note" to replace with the word "notes";

in word part two to "explanatory note" to replace with the word "notes";

1.9.25. state Item 162 in the following edition:

"162. In notes the following information on change of accounting policy is subject to disclosure:

content and reasons of change of accounting policy;

the amounts of adjustments of introductory balance of each asset item connected with this change, obligations, equity for the beginning of the earliest of the periods provided in accounting records;

the amounts of adjustments of other Articles of accounting records connected with this change for provided in accounting records every period.

In notes to accounting records the following information on change in accounting estimates is subject to disclosure:

content and the amount of change in accounting estimates which affected indicators of accounting records for the accounting period;

content and the expected amounts of change in accounting estimates which will affect indicators of accounting records for future periods, except as specified, when it is impossible to determine the amounts of such influence. The fact of impossibility of determination of the expected amounts of influence is also subject to disclosure.

In notes to accounting records the following information concerning the mistakes made in previous year (previous years) and corrected in the accounting period is subject to disclosure:

content of mistake;

the amounts of adjustments of introductory balance of each asset item connected with this mistake, obligations, equity for the beginning of the earliest of the periods provided in accounting records;

the amounts of adjustments of other Articles of accounting records connected with this mistake for provided in accounting records every period.";

1.9.26. in paragraph one of Item 163 of the word "to the explanatory note constituted" shall be replaced with words "the notes constituted";

1.9.27. in paragraph one of part one and part two of Item 164, paragraph one of parts one and the second, Item parts four 165, paragraph one of Items 166-168, parts one and the second Item 169, paragraph one of Items 170-174, Item 176, paragraph one of Item 177 of the word to "explanatory note" to replace with the word "notes";

1.9.28. state Item 175 in the following edition:

"175. In notes information on structure and the amounts of other incomes and expenses on the current activities (insurance activity, the activities connected with insurance, other current activities), investing and financial activities is subject to disclosure.";

1.9.29. add the Instruction with Items 178-186 of the following content:

"178. Information on application of professional judgment according to the legislation is provided in notes.

179. In notes on expenses on conducting case on form according to appendix 1 to this Instruction the expense information on conducting case filled based on data of analytics on account 26 "General business costs" is subject to disclosure.

180. In notes on insurance premiums (insurance premiums) and payments of insurance indemnity and insurance coverage for insurance contracts, joint insurance and reinsurance in form according to appendix 2 to this Instruction the "Insurance payments", 26th "General business costs" filled based on data of analytics on accounts 93 "Insurance premiums (awards)", 22, 91 "Other incomes and expenses" are subject to disclosure of the data on insurance premiums (insurance premiums) and payments of insurance indemnity and insurance coverage for insurance contracts, joint insurance and reinsurance.

When filling of the specified data in lines 001-091 data on specific types of compulsory and (or) voluntary insurance which has the right to perform insurance company according to special permission (license) for implementation of insurance activity are shown.

181. In notes on insurance contracts in form according to appendix 3 to this Instruction information on insurance contracts is subject to disclosure.

When filling of the specified information in lines 001-091 data on specific types of compulsory and (or) voluntary insurance which has the right to perform insurance company according to special permission (license) for implementation of insurance activity are shown.

According to column 3 the number of prisoners and the insurance contracts which became effective in the accounting period is shown.

According to column 4 actually arrived amount of insurance premiums only according to those insurance contracts which are concluded is shown and became effective in the accounting period.

According to column 5 the total amount of insurance premiums added according to insurance contracts which are concluded is shown and became effective in the accounting period.

According to column 6 the total insurance sum on prisoners and the insurance contracts which became effective in the accounting period is shown.

According to columns 7, data on agreements which are effective by the end of the reporting period are shown 8.

According to columns 9, data on quantity and the amount of the insurance payments made in the accounting period, according to columns 11, 12 - about the number of returns of insurance premiums and benefits amounts made in connection with them respectively are shown 10.

182. In notes on insurance reserves in form according to appendix 4 to this Instruction information on insurance reserves is subject to disclosure. For reflection of the specified information data of the balance sheet, the profit and loss statement of insurance company are used.

183. In notes on solvency of insurance company in form according to appendix 5 to this Instruction information on solvency of insurance company constituted on the basis of data of the balance sheet, the profit and loss statement, and also data of analytics of insurance company is subject to disclosure.

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