RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of November 18, 2014 No. 703

About approval of the National accounting standard and the financial reporting 5-F "Non-current assets, held for sale, and discontinued operation" (NSFO 5-F)

Based on the paragraph of the thirty fifth 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 enclosed National accounting standard and the financial reporting 5-F "Non-current assets, held for sale, and discontinued operation" (NSFO 5-F).

2. Declare invalid the resolution of the Board of directors of National Bank of the Republic of Belarus of March 21, 2008 No. 77 "About approval of the National accounting standard 5-F "Non-current assets, held for sale, and discontinued operation" (NSFO 5-F).

3. This resolution becomes effective from the date of its acceptance.

Appendix

to the Resolution of Board of National Bank of the Republic of Belarus of November 18, 2014 No. 703

National accounting standard and financial reporting 5-F "Non-current assets, held for sale, and discontinued operation" (NSFO 5-F)

Chapter 1. General provisions

1. This Standard is developed according to the International Financial Reporting Standard 5 "Non-current assets, held for sale, and discontinued operation", the approved Council for international accounting standards.

2. The requirements established by this Standard are obligatory for execution by banks and non-bank credit and financial organizations of the Republic of Belarus (further – banks).

3. The purpose of this Standard consists in determination:

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