PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 18, 2015 No. 505-P

Industry standard of financial accounting of the transactions connected with implementation of the property trust management agreement, not credit financial credit institutions

According to the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, the Art. 4225, the Art. 4273, the Art. 4295) and the solution of the Board of directors of the Bank of Russia (No. 34) the Bank of Russia establishes the minutes of the Board of directors of the Bank of Russia of November 16, 2015 for not credit financial credit institutions located in the territory of the Russian Federation (further - not credit financial credit institutions), procedure for financial accounting of the transactions connected with implementation of the property trust management agreement.

Chapter 1. General provisions

1.1. In This Provision the procedure for financial accounting of the transactions connected with implementation of the property trust management agreement, except for is determined:

transactions with the property received in trust management under the contract with physical person;

transactions with the property received in trust management under the contract with the legal entity not being not credit financial credit institution;

transactions with the property received in trust management according to the trust management agreement of mutual investment fund;

transactions with the property received in trust management according to the trust management agreement of mortgage covering.

1.2. The property delivered in trust management stands apart from other property of the founder of management, and also from property of the trustee. This property affects at the trustee separate balance, and on it independent account is kept.

In case of transactions with transferred to property trust management in written instruments, including in source accounting documents, after name or the name of the trustee the mark of "D. U." becomes.

1.3. Not credit financial credit institutions according to the Chart of accounts of financial accounting in not credit financial credit institutions and the procedure for its application (further - the Chart of accounts) established by the Provision of the Bank of Russia of September 2, 2015 No. 486-P "About the chart of accounts of financial accounting in not credit financial credit institutions and procedure for its application", registered by the Ministry of Justice of the Russian Federation on October 7, 2015 No. 39197 ("the Bulletin of the Bank of Russia" of October 29, 2015 No. 94-95), in number of personal account specify sign of trust management: 0 - own transactions, 1 - transactions of not credit financial credit institutions - founders of management, 2 - transactions of the not credit financial credit institutions performing functions of trustees according to trust management agreements.

Chapter 2. Financial accounting by the founder of management of the transactions connected with implementation of the property trust management agreement

2.1. Not credit financial credit institution - the founder of trust management, except for the acquirer of the securities certifying share of their owner in the property right to the property delivered in trust management (for example, investment shares of mutual investment fund, hypothecation certificates of participation) (further - the founder of management), reflects the assets and liabilities which are in trust management, and also arising on them the income and expenses on balance sheet accounts of Chapter A of the Chart of accounts as though the founder of management managed them independently. Isolation of the assets and liabilities which are in trust management, and also arising on them the income and expenses is provided in analytics by specifying in number of personal account of sign of trust management - 1. The organization of analytics also shall provide separate accounting according to each trust management agreement.

The founder of management establishes frequency of reflection in financial accounting of transactions of trust management according to the approved accounting policy, but at least once a month.

2.2. Reflection by the founder of management on accounts of financial accounting of transactions with the property delivered in trust management, revaluations and impairments of this property, and also the income and expenses from transactions with this property is performed according to the procedure, established by the regulations of the Bank of Russia regulating procedure for financial accounting of transactions with this property taking into account requirements of this provision.

2.3. Not credit financial credit institution - the acquirer of the securities certifying share of their owner in the property right to the property delivered in trust management performs accounting entries when implementing transactions with such securities according to the procedure established by the Provision of the Bank of Russia of October 1, 2015 No. 494-P "Industry standard of financial accounting of transactions with securities in not credit financial credit institutions", the registered Ministry of Justice of the Russian Federation on October 29, 2015 No. 39528 ("the Bulletin of the Bank of Russia" of November 16, 2015 No. 103), taking into account provisions of Item 2.2 of this Chapter.

2.4. Transfer of objects of property to trust management is performed by the founder of management at the cost at which they are registered in financial accounting of the founder of management for date of transfer.

By transfer to trust management of money accounting entry is made:

The debit of the account No. 47901 "The money delivered in trust management" (sign of trust management - 1)

The credit of the corresponding account of the second procedure for the account No. 202 "Cash and checks (including travel checks) which nominal value is specified in foreign currency", accounts No. 205 "Settlement accounts in credit institutions and banks - nonresidents", accounts No. 208 "Special accounts" (further - accounts of money) (sign of trust management - 0).

Analytics on the account No. 47901 are kept according to each trust management agreement and each account in credit institution.

By transfer to trust management of other property (except money) accounting entry is made:

The debit of the corresponding account of assets (sign of trust management - 1)

The credit of the corresponding account of assets (sign of trust management - 0).

The given accounting entry is performed also on the amount of positive revaluation and the adjustments increasing the cost of the property delivered in trust management which is saved up on the corresponding accounts of Section 5 of the Chart of accounts.

The cumulative amount of negative revaluation and the adjustments reducing the cost of the property delivered in trust management is reflected accounting entry:

The debit of the corresponding account of Section 5 of the Chart of accounts (sign of trust management - 0)

The credit of the corresponding account of Section 5 of the Chart of accounts (sign of trust management - 1).

By transfer to trust management of property on which depreciation is charged at the same time on cumulative depreciation amount accounting entry is made:

The debit of the corresponding account of accumulated depreciation of property (sign of trust management - 0)

The credit of the corresponding account of accumulated depreciation of property (sign of trust management - 1).

By transfer to trust management of assets concerning which the reserve under impairment is created at the same time on the amount of the added reserve under impairment accounting entry is made:

The debit of the corresponding reserve account under asset impairment (sign of trust management - 0)

The credit of the corresponding reserve account under asset impairment (sign of trust management - 1).

By transfer to trust management of assets which revaluation is subject to reference into account 106 "Added capital" at the same time on the amount of cumulative revaluation accounting entries in the following procedure are made.

On the amount of positive revaluation:

The debit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 0)

The credit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 1).

On the amount of negative revaluation:

The debit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 1)

The credit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 0).

2.5. Revaluation of the foreign currency cash delivered in trust management is reflected the following accounting entries.

Positive revaluation:

The debit of the account No. 47901 "The money delivered in trust management" (sign of trust management - 1)

The account No. 71511 credit "The income from transactions with foreign currency" (sign of trust management - 1).

Negative revaluation:

The debit of the account No. 71512 "Expenses on transactions with foreign currency" (sign of trust management - 1)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1).

2.6. The payment receipt leading to increase in cash amount, delivered in trust management, is reflected on the debit of the account No. 47901 "The money delivered in trust management" (sign of trust management - 1). Payments for the account of the money delivered in trust management are reflected on the account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1).

The performed at the expense of the money delivered in trust management, payment of acquired property, provision (placement) of money according to loan agreements and bank deposit agreements (deposit) or other payments are reflected the founder of management of accounting entry:

The debit of the corresponding account of the Section 2, 4, 5 or 6 Charts of accounts (sign of trust management - 1)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1).

The payment receipt from realization of the assets which are in trust management, or from property clearance, being in trust management, in lease, leading to increase in the money delivered in trust management is reflected accounting entry:

The debit of the account No. 47901 "The money delivered in trust management" (sign of trust management - 1)

The credit of the corresponding account of Section 4 or 6 of the Chart of accounts (sign of trust management - 1).

The receipt of the amount of percent on loan agreements, bank deposit agreements (deposit), percent or the coupon according to debt securities, the amounts of the income from participation in other organizations, the main loan amount (contribution, the deposit), repayment according to debt securities, the amounts of penalty or other payments leading to increase in the money delivered in trust management is reflected accounting entry:

The debit of the account No. 47901 "The money delivered in trust management" (sign of trust management - 1)

The credit of the corresponding account of the Section 2, 4, 5 or 6 Charts of accounts (sign of trust management - 1).

2.7. Reflection by the founder of management of impairment and the asset revaluation delivered in trust management on the corresponding accounts of assets, accounts of reserves under asset impairment, accounts of asset revaluation, income accounts, expenses and the added capital is performed with sign of trust management - 1 taking into account provisions of Items 2.13 and 2.14 of this Chapter.

2.8. The managements of compensation amount of the losses caused by loss or damage of property which are due to the founder and also lost profit from the trustee are reflected accounting entry:

The debit of the account No. 47902 "Receivables on transactions of trust management" (sign of trust management - 0)

The credit of the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 1).

When obtaining by the founder of management of the specified means accounting entry is made:

The debit of the corresponding account of money (sign of trust management - 0)

The account No. 47902 credit "Receivables on transactions of trust management" (sign of trust management - 0).

2.9. The amount of remuneration, due to the trustee, is reflected accounting entry:

The debit of the account No. 71702 "Expenses on other transactions" (sign of trust management - 1)

The account No. 47903 credit "Accounts payable on transactions of trust management" (the sign of trust management - 0 or 1, if remuneration is kept by the trustee from the means received in trust management).

Deduction by the trustee of the remuneration which is due to it from the means received in trust management is reflected accounting entry:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 1)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1).

Payment by the founder of management of remuneration to the trustee is reflected the founder of management of accounting entry:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 0)

The credit of the corresponding account of money (sign of trust management - 0).

2.10. The trustee's expenses made by him in case of trust management, which are subject to compensation by the founder of management are reflected accounting entry:

The debit of the account No. 71702 "Expenses on other transactions" (sign of trust management - 1)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 0 or 1, if the expenses which are subject to compensation are kept by the trustee from the means received in trust management).

Deduction by the trustee of compensation amount of expenses from the means received in trust management is reflected accounting entry:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 1)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1).

Payment by the founder of management of compensation amount of expenses to the trustee is reflected the founder of management of accounting entry:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 0)

The credit of the corresponding account of money (sign of trust management - 0).

2.11. In case of availability of factors of impairment forming of reserve under impairment of receivables of the trustee on return of the money delivered in trust management is reflected accounting entry:

The debit of the account No. 71702 "Expenses on other transactions" (sign of trust management - 0)

The account No. 47904 credit "Reserves under impairment of the money delivered in trust management" (sign of trust management - 0).

The procedure for forming of reserves under impairment of receivables of the trustee if necessary is determined by the founder of management in own standards of the economic actor by return of money.

Recovery of reserve is reflected accounting entry:

The debit of the account No. 47904 "Reserves under impairment of the money delivered in trust management" (sign of trust management - 0)

The account No. 71701 credit "The income on other transactions" (sign of trust management - 0).

Write-off of the bad debt which is earlier recognized by the founder of management of depreciated is reflected accounting entry:

The debit of the account No. 47904 "Reserves under impairment of the money delivered in trust management" (sign of trust management - 0)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1).

2.12. In case of availability of factors of impairment forming of reserve under impairment of receivables on transactions of trust management is reflected the founder of management of accounting entry:

The debit of the account No. 71702 "Expenses on other transactions" (sign of trust management - 0)

The account No. 47905 credit "Reserves under impairment of receivables on transactions of trust management" (sign of trust management - 0).

The procedure for forming of reserves under impairment of receivables if necessary is determined by the founder of management in own standards of the economic actor by transactions of trust management.

Recovery of reserve is reflected accounting entry:

The debit of the account No. 47905 "Reserves under impairment of receivables on transactions of trust management" (sign of trust management - 0)

The account No. 71701 credit "The income on other transactions" (sign of trust management - 0).

Write-off of the bad debt which is earlier recognized by the founder of management of depreciated is reflected accounting entry:

The debit of the account No. 47905 "Reserves under impairment of receivables on transactions of trust management" (sign of trust management - 0)

The account No. 47902 credit "Receivables on transactions of trust management" (sign of trust management - 0).

2.13. The remaining balance reflected in income accounts and expenses from transactions with the property which is in trust management is transferred by the founder of management from the corresponding account of Section 7 of the Chart of accounts to the first working day of new year (sign of trust management - 1) on the corresponding income account and expenses of last year (sign of trust management - 0).

The cumulative income and expenses connected with the sold (disposed) assets which are in trust management are transferred by the founder of management from the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 1) in correspondence with the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 0) on receipt date to the trustee of money or other compensation from the buyer or for sale date (disposals) of assets. The procedure for transfer of remaining balance is established by not credit financial credit institution in need of standards of the economic actor.

The amount saved up on the account No. 106 "Added capital" (the sign of trust management - 1) asset revaluations, being in trust management, is written off by the founder of management respectively into the account No. 10801 "Retained earnings" (sign of trust management - 0), the account No. 10901 "Uncovered loss" (sign of trust management - 0) or into the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 0) for date of asset retirement at the trustee.

The income and expenses which are not connected with asset retirement, being in trust management (for example, interest incomes, the rent), are transferred by the founder of management from the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 1) to correspondence with the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 0) on receipt date to the trustee of money or other compensation or for date of implementation by the trustee of payment for the account of the money received in trust management.

2.14. Transfer to trustees to the founder of management of objects of the property which is in trust management including in case of termination of the contract of property trust management, is reflected in financial accounting as follows.

By transfer to the founder of management of money accounting entry is made:

The debit of the corresponding account of money (sign of trust management - 0)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1).

By transfer to the founder of management of other property (except money) accounting entry is made:

The debit of the corresponding account of assets (sign of trust management - 0)

The credit of the corresponding account of assets (sign of trust management - 1).

The given accounting entry is performed also on the amount of positive revaluation and the adjustments increasing property value which is saved up on the corresponding accounts of Section 5 of the Chart of accounts of the control transferred to the founder.

The cumulative amount of negative revaluation and the adjustments reducing property value of the control transferred to the founder, are reflected accounting entries:

The debit of the corresponding account of Section 5 of the Chart of accounts (sign of trust management - 1)

The credit of the corresponding account of Section 5 of the Chart of accounts (sign of trust management - 0).

By transfer to the founder of management of property on whom depreciation is charged at the same time on cumulative depreciation amount of the property delivered in trust management accounting entry is made:

The debit of the corresponding account of accumulated depreciation of property (sign of trust management - 1)

The credit of the corresponding account of accumulated depreciation of property (sign of trust management - 0).

By transfer to the founder of management of assets concerning which the reserve under impairment is created at the same time on the amount of the added reserve under impairment accounting entry is made:

The debit of the corresponding reserve account under asset impairment (sign of trust management - 1)

The credit of the corresponding reserve account under asset impairment (sign of trust management - 0).

By transfer to the founder of management of assets which revaluation is subject to reference into account 106 "Added capital" at the same time on the amount of cumulative revaluation accounting entries in the following procedure are made.

On the amount of positive revaluation:

The debit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 1)

The credit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 0).

On the amount of negative revaluation:

The debit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 0)

The credit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 1).

In case of availability of the account balances of Section 7 of the Chart of accounts created as a result of transactions with the property transferred to trustees to the founder of management for date of cession of property accounting entry is made:

The debit of the corresponding income account of Section 7 of the Chart of accounts (sign of trust management - 1)

The credit of the corresponding income account of Section 7 of the Chart of accounts (sign of trust management - 0)

or

The debit of the corresponding expense account of Section 7 of the Chart of accounts (sign of trust management - 0)

The credit of the corresponding expense account of Section 7 of the Chart of accounts (sign of trust management - 1).

2.15. The founder of management, being non-state pension fund, in case of reflection on the accounts of financial accounting of transactions linked with implementation of property trust management agreements provides separate accounting of pension reserves, pension accruals and own means or the property intended for implementation of authorized activities by opening of separate personal accounts to balance sheet accounts of the second procedure. When implementing accounting entry the founder of management, being non-state pension fund, does not allow use of the accounts containing different digital code of type of activity to which transaction belongs in number of personal account.

2.16. Conclusion the founder of management, being non-state pension fund, from trust management of money or other property as a result of income distribution from investment of means of pension accruals (code of type of activity - 1) or from investment of funds of pension reserves (code of type of activity - 2) for inclusion in structure of own means or the property intended for implementation of authorized activities (the code of type of activity - 3), is reflected in the following procedure.

2.16.1. For date of conclusion and transfer to the founder of management of money accounting entries are made:

The debit of the account No. 30305 "Intraeconomic calculations" (sign of trust management - 1, code of type of activity - 1 or 2)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1, code of type of activity - 1 or 2);

The debit of the corresponding account of money (sign of trust management - 0, code of type of activity - 3)

The credit of the account No. 30306 "Intraeconomic calculations" (sign of trust management - 1, code of type of activity - 3).

2.16.2. For date of conclusion and transfer to the founder of management of other property (except money) accounting entries are made:

The debit of the account No. 30305 "Intraeconomic calculations" (sign of trust management - 1, code of type of activity - 1 or 2)

The credit of the corresponding account of assets (sign of trust management - 1, code of type of activity - 1 or 2);

The debit of the corresponding account of assets (sign of trust management - 0, code of type of activity - 3)

The credit of the account No. 30306 "Intraeconomic calculations" (sign of trust management - 1, code of type of activity - 3).

2.16.3. For date of conclusion and transfer of money to trust management according to the trust management agreement of own means or the property intended for implementation of authorized activities accounting entries are made:

The debit of the account No. 30305 "Intraeconomic calculations" (sign of trust management - 1, code of type of activity - 1 or 2)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1, code of type of activity - 1 or 2);

The debit of the account No. 47901 "The money delivered in trust management" (sign of trust management - 1, code of type of activity - 3)

The credit of the account No. 30306 "Intraeconomic calculations" (sign of trust management - 1, code of type of activity - 3).

2.16.4. For date of conclusion and transfer of other property (except money) in trust management according to the trust management agreement of own means or the property intended for implementation of authorized activities accounting entries are made:

The debit of the account No. 30305 "Intraeconomic calculations" (sign of trust management - 1, code of type of activity - 1 or 2)

The credit of the corresponding account of assets (sign of trust management - 1, code of type of activity - 1 or 2);

The debit of the corresponding account of assets (sign of trust management - 1, code of type of activity - 3)

The credit of the account No. 30306 "Intraeconomic calculations" (sign of trust management - 1, code of type of activity - 3).

2.16.5. In case of availability of the account balances of Section 7 of the Chart of accounts created as a result of transactions with the property transferred accounting entry is made for inclusion in structure of own means or the property intended for implementation of authorized activities for date of cession of property:

The debit of the corresponding income account of Section 7 of the Chart of accounts (sign of trust management - 1, code of type of activity - 1 or 2)

The credit of the corresponding income account of Section 7 of the Chart of accounts (sign of trust management - 0, code of type of activity - 1 or 2)

or

The debit of the corresponding expense account of Section 7 of the Chart of accounts (sign of trust management - 0, code of type of activity - 1 or 2)

The credit of the corresponding expense account of Section 7 of the Chart of accounts (sign of trust management - 1, code of type of activity - 1 or 2).

2.17. The founder of management reflects the income amount from trust management which is due to the beneficiary according to the trust management agreement which is not the founder of management accounting entry:

The debit of the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 1)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 1).

Transfer of the specified income at the expense of the property which is in trust management is reflected the founder of management of accounting entry:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 1)

The account No. 47901 credit "The money delivered in trust management" (sign of trust management - 1).

Chapter 3. Financial accounting by the trustee of own transactions connected with implementation of the property trust management agreement

3.1. All expenses of the trustee on implementation of the activities connected with property trust management are considered on the debit of the account No. 71702 "Expenses on other transactions" or accounts No. 71802 "The expenses linked with ensuring activities".

3.2. The amount of remuneration which is due to the trustee or compensations of the necessary expenses made by it in case of property trust management is reflected accounting entry:

Debit of the account No. 47902 "Receivables on transactions of trust management"

Credit of the corresponding account of the second procedure for the account No. 716 "Commission income and income from rendering services".

Cash receipt on account of payment of remuneration or compensation of the made expenses is reflected accounting entry:

Debit of the corresponding account of money

Account No. 47902 credit "Receivables on transactions of trust management".

Analytics on the account No. 47902 "Receivables on transactions of trust management" are kept according to each trust management agreement.

3.3. Receivable compensation amounts to the beneficiary of lost profit during property trust management or to the founder of management of the losses caused by loss or damage of property, and also lost profit are reflected accounting entry:

The debit accounts No. 71802 "The expenses linked with ensuring activities"

Account No. 47903 credit "Accounts payable on transactions of trust management".

In case of transfer to the founder of management or the beneficiary of the specified means accounting entry is made:

Debit of the account No. 47903 "Accounts payable on transactions of trust management"

Credit of the corresponding account of money.

Chapter 4. Financial accounting by the trustee of transactions with the property received in trust management

4.1. The trustee reflects the assets and liabilities which are in trust management, and also arising on them the income and expenses in Chapter B of the Chart of accounts (separate balance), using numbers of balance sheet accounts of Chapter A of the Chart of accounts. Isolation of the assets and liabilities which are in trust management, and also arising on them the income and expenses is provided in analytics by specifying in number of personal account of sign of trust management - 2. The organization of analytics also shall provide separate accounting according to each trust management agreement.

4.2. Reflection on accounts of financial accounting of transactions with the property received in trust management, revaluations and impairments of this property, and also the income and expenses from transactions with this property is performed according to the procedure, established by the regulations of the Bank of Russia regulating procedure for financial accounting of transactions with this property in case of observance of provisions of the accounting policy approved by the founder of management taking into account requirements of this provision.

In cases when application of professional judgment is required by the regulations of the Bank of Russia regulating procedure for financial accounting, such judgment is created by the trustee based on approaches (methods) approved with the founder of trust management.

4.3. Acceptance to accounting of objects of property in trust management is performed by the trustee at the cost at which they are registered in financial accounting of the founder of management for date of transfer.

When obtaining in trust management of money accounting entry is made:

The debit of the corresponding account of money (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2).

When obtaining in trust management of other property (except money) accounting entry is made:

The debit of the corresponding account of assets (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2).

The given accounting entry is performed also on the amount of positive revaluation and the adjustments increasing the cost of the property received in trust management which is saved up on the corresponding accounts of Section 5 of the Chart of accounts.

The cumulative amount of negative revaluation and the adjustments reducing the cost of the property received in trust management is reflected accounting entry:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of Section 5 of the Chart of accounts (sign of trust management - 2).

When obtaining in trust management of property on which depreciation is charged at the same time on cumulative depreciation amount accounting entry is made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of accumulated depreciation of property (sign of trust management - 2).

Analytics on the account No. 47903 are kept according to each trust management agreement.

When obtaining in trust management of assets concerning which the founder of management creates reserve under impairment at the same time on the amount of the added reserve under impairment accounting entry is made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding reserve account under asset impairment (sign of trust management - 2).

When obtaining in trust management of assets which revaluation is subject to reference into account 106 "Added capital" at the same time on the amount of cumulative revaluation the following accounting entries are made.

On the amount of positive revaluation:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 2).

On the amount of negative revaluation:

The debit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2).

4.4. Reflection on accounts of financial accounting of property acquisition at the expense of the money received in trust management, and also the subsequent realization or other disposal of such property is made according to Item 4.2 of this Chapter.

4.5. By transfer to the founder of management of the money received from implementation of the trust management agreement of property acquired when implementing accounting entry is made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of money (sign of trust management - 2).

4.6. The income and expenses from the transactions connected with implementation of the property trust management agreement are charged by the trustee off the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 2) in correspondence with the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2) on end date of accounting year.

The cumulative income and expenses connected with the sold assets which are in trust management and also the amount of the revaluation of these assets which is saved up on the account No. 106 "Added capital" are charged by the trustee off the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 2) or the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 2) in correspondence with the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2) on receipt date to the trustee of money or other compensation from the buyer or for sale date of assets the trustee. The procedure for write-off of remaining balance is established by not credit financial credit institution in need of standards of the economic actor.

The cumulative income and expenses connected with the disposed assets which are in trust management (except sale), and also the amount of the revaluation of these assets which is saved up on the account No. 106 "Added capital" are charged by the trustee off the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 2) or the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 2) in correspondence with the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2) for date of asset retirement at the trustee.

The income and expenses which are not connected with asset retirement, being in trust management (for example, interest incomes, the rent), are charged by the trustee off the corresponding account of Section 7 of the Chart of accounts (sign of trust management - 2) in correspondence with the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2) on receipt date to the trustee of money or other compensation or for date of implementation by the trustee of payment for the account of the money received in trust management.

4.7. In case of money transfer on account of the income which is due to the founder of management (beneficiary) according to the property trust management agreement accounting entry is made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account on the cash accounting (sign of trust management - 2).

4.8. The amounts of remuneration which are due to the trustee provided by the property trust management agreement and compensations of the necessary expenses made by it in case of property trust management, which are subject to payment for the account of the means which are in trust management are reflected accounting entry:

The debit of the account No. 71702 "Expenses on other transactions" (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2).

In case of the actual transfer of the specified amounts accounting entry is made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of money (sign of trust management - 2).

4.9. By transfer to trustees to the founder of management of the property which is in trust management including in case of termination of the contract of property trust management, the following accounting entries are performed.

By transfer to the founder of management of money accounting entry is made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of money (sign of trust management - 2).

By transfer to the founder of management of other property (except money) accounting entry is made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of assets (sign of trust management - 2).

The given accounting entry is performed also on the amount of positive revaluation and the adjustments increasing the cost of the transferred property which is saved up on the corresponding accounts of Section 5 of the Chart of accounts.

The cumulative amount of negative revaluation and the adjustments reducing the cost of the transferred property is reflected accounting entry:

The debit of the corresponding account of Section 5 of the Chart of accounts (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2).

In case of cession of property on which depreciation is charged at the same time on cumulative depreciation amounts accounting entry is made:

The debit of the corresponding account of accumulated depreciation of property (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2).

In case of transfer of assets concerning which the reserve under impairment was created at the same time on the amounts of the added reserve under impairment accounting entry is made:

The debit of the corresponding reserve account under asset impairment (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2).

By transfer to the founder of management of assets which revaluation is subject to reference into account 106 "Added capital" at the same time on the amount of cumulative revaluation the following accounting entries are made.

On the amount of positive revaluation:

The debit of the account of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2).

On the amount of negative revaluation:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of the second procedure for the account No. 106 "Added capital" (sign of trust management - 2).

In case of termination of the contract of trust management of the trustee transactions on repayment of the available obligations, closing of the settlement account, closing of personal account (custody account), closing of turnovers on the account No. 47903 "Accounts payable on transactions of trust management" are performed (sign of trust management - 2) in connection with transfer to the founder of management of money and property according to terms of the contract, and also other transactions provided by the property trust management agreement in case of its termination.

In case of availability of the account balances of Section 7 of the Chart of accounts created as a result of transactions with the property transferred to trustees to the founder of management for date of cession of property accounting entry is made:

The debit of the corresponding income account of Section 7 of the Chart of accounts (sign of trust management - 2)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2)

or

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding expense account of Section 7 of the Chart of accounts (sign of trust management - 2).

If the income and expenses connected with asset sale, being in trust management, and also the amount of the revaluation of these assets which is saved up on the account No. 106 "Added capital" are not written off according to Item 4.6 of this provision and to the founder of control the money which arrived to the trustee as advance payment is transferred, accounting entry is made:

The debit of the account No. 47902 "Receivables on transactions of trust management" (sign of trust management - 2)

The credit of the corresponding account of money (sign of trust management - 2).

4.10. The trustee in case of reflection on the accounts of financial accounting of transactions linked with implementation of trust management agreements of means of pension accruals, trust management of means of pension reserves and trust management of own means or the property intended for implementation of authorized activities, non-state pension fund provides separate accounting of the specified means by opening of separate personal accounts to balance sheet accounts of the second procedure. In this case when implementing accounting entry the trustee does not allow use of the accounts containing different digital code of type of activity to which transaction belongs in number of personal account.

4.11. Conclusion the founder of management, being non-state pension fund, from trust management of money or other property as a result of income distribution from investment of means of pension accruals (code of type of activity - 1) or from investment of funds of pension reserves (code of type of activity - 2) for inclusion in structure of own means or the property intended for implementation of authorized activities (the code of type of activity - 3), is reflected the trustee in the following procedure.

4.11.1. For date of conclusion and transfer to the founder of management of money accounting entries are made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 1 or 2)

The credit of the corresponding account of money (sign of trust management - 2, code of type of activity - 1 or 2).

4.11.2. For date of conclusion and transfer to the founder of management of other property (except money) accounting entries are made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 1 or 2)

The credit of the corresponding account of assets (sign of trust management - 2, code of type of activity - 1 or 2).

4.11.3. For date of conclusion and transfer by the founder of management of money to trust management according to the trust management agreement of own means or the property intended for implementation of authorized activities accounting entries are made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 1 or 2)

The credit of the account No. 30305 "Intraeconomic calculations" (sign of trust management - 2, code of type of activity - 1 or 2);

The debit of the account No. 30306 "Intraeconomic calculations" (sign of trust management - 2, code of type of activity - 3)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 3);

The debit of the account No. 30305 "Intraeconomic calculations" (sign of trust management - 2, code of type of activity - 1 or 2)

The credit of the corresponding account of money (sign of trust management - 2, code of type of activity - 1 or 2);

The debit of the corresponding account of money (sign of trust management - 2, code of type of activity - 3)

The credit of the account No. 30306 "Intraeconomic calculations" (sign of trust management - 2, code of type of activity - 3).

The trustee can if this approach is approved in accounting policy of the founder of management, reflect conclusion and transfer by the founder of management of money to trust management according to the trust management agreement of own means or the property intended for implementation of authorized activities, the following accounting entries:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 1 or 2)

The credit of the corresponding account of money (sign of trust management - 2, code of type of activity - 1 or 2);

The debit of the corresponding account of money (sign of trust management - 2, code of type of activity - 3)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 3).

4.11.4. For date of conclusion and transfer by the founder of management of other property (except money) in trust management according to the trust management agreement of own means or the property intended for implementation of authorized activities accounting entries are made:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 1 or 2)

The credit of the account No. 30305 "Intraeconomic calculations" (sign of trust management - 2, code of type of activity - 1 or 2);

The debit of the account No. 30306 "Intraeconomic calculations" (sign of trust management - 2, code of type of activity - 3)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 3);

The debit of the account No. 30305 "Intraeconomic calculations" (sign of trust management - 2, code of type of activity - 1 or 2)

The credit of the corresponding account of assets (sign of trust management - 2, code of type of activity - 1 or 2);

The debit of the corresponding account of assets (sign of trust management - 2, code of type of activity - 3)

The credit of the account No. 30306 "Intraeconomic calculations" (sign of trust management - 2, code of type of activity - 3).

The trustee can if this approach is approved in accounting policy of the founder of management, reflect conclusion and transfer by the founder of management of other property (except money) in trust management according to the trust management agreement of own means or the property intended for implementation of authorized activities, the following accounting entries:

The debit of the account No. 47903 "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 1 or 2)

The credit of the corresponding account of assets (sign of trust management - 2, code of type of activity - 1 or 2);

The debit of the corresponding account of assets (sign of trust management - 2, code of type of activity - 3)

The account No. 47903 credit "Accounts payable on transactions of trust management" (sign of trust management - 2, code of type of activity - 3).

Chapter 5. Final provisions

5.1. This Provision is subject to official publication in "the Bulletin of the Bank of Russia" and becomes effective since January 1, 2017.

5.2. In case of application of this provision not credit financial credit institutions are guided by International accounting standards (further - IFRS) and the IFRS Explanations accepted by IFRS Fund, enacted in the territory of the Russian Federation and also part 12 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" (The Russian Federation Code, 2011, No. 50, Art. 7344; 2013, No. 26, Art. 3207; No. 27, Art. 3477; No. 30, Art. 4084; No. 44, Art. 5631; No. 51, Art. 6677; No. 52, Art. 6990; 2014, No. 45, Art. 6154; 2016, No. 22, Art. 3097).

5.3. This Provision is applied:

professional participants of the security market, managing companies of investment fund and non-state pension fund on transactions with property according to the trust management agreement of means of non-state pension funds and insurance companies, and also specialized depositaries of investment fund and non-state pension fund on transactions with property in which means of non-state pension funds are placed, and with property of insurance companies - since January 1, 2017;

professional participants of the security market, managing companies of investment fund, mutual investment fund and non-state pension fund, specialized depositaries of investment fund, mutual investment fund and non-state pension fund on other transactions - since January 1, 2018;

the clearing organizations, the central partners, organizers of trade, the microfinancial organizations, credit consumer cooperatives, housing accumulative cooperatives, bureau of credit histories - since January 1, 2018;

agricultural credit consumer cooperatives, pawnshops - since January 1, 2019.

 

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