RESOLUTION OF NATIONAL STATISTICAL COMMITTEE OF THE REPUBLIC OF BELARUS

of December 24, 2015 No. 212

About approval of the Method of forming of the account of capital transactions

Based on the Regulations on National Statistical Committee of the Republic of Belarus approved by the Presidential decree of the Republic of Belarus of August 26, 2008 No. 445 "About some questions of bodies of the state statistics" the National Statistical Committee of the Republic of Belarus DECIDES:

1. Approve the enclosed Method of forming of the account of capital transactions and enact it since forming of the account of capital transactions for 2016.

2. Recognize to invalid:

the resolution of National Statistical Committee of the Republic of Belarus of November 30, 2010 No. 253 "About approval of the Method of forming of the account of capital transactions";

the resolution of National Statistical Committee of the Republic of Belarus of May 13, 2011 No. 79 "About entering of amendment and changes into the Method of forming of the account of capital transactions".

3. This resolution becomes effective since January 1, 2017.

Approved by the Resolution of National Statistical Committee of the Republic of Belarus of December 24, 2015 No. 212

Method of forming of the account of capital transactions

Chapter 1. General provisions

1. This Technique establishes procedure for forming of the account of capital transactions by National Statistical Committee of the Republic of Belarus.

2. In this Technique the following main terms and their determinations are used:

assets - property, including property rights, exclusive rights on the results of intellectual activities considered by the organization as a result of economic activities;

book value - the property value reflected in the balance sheet;

gross accumulating of fixed capital - investment residents of means in objects of fixed capital for creation of the new income in the future by their use in production;

gross saving - part of gross disposable income which is not spent for final consumption of goods and services;

finished goods and goods - the inventory items acquired in goods quality for realization, the finished goods which are stored at the organizations making it before delivery to other institutional units, not intended for their further conversion in this organization;

inventories of material current assets - material current assets which are available for institutional units at present, not included in fixed capital: production supplies, work in progress, finished goods and goods, state material reserves;

the earth - in relation to System of national accounts (further - the satellite navigation system) - soil cover and reservoirs which are on its surface (the rivers, lakes, water storage basins and so forth), excepting the buildings built on the earth, constructions, roads, tunnels, dams, dikes and so forth, gardens and other plantations of trees, the grown-up cultures, subsoil, not cultivated biological resources, water resources underground;

investments - any property, including the money, securities, the equipment and results of intellectual activities belonging to the investor on the property right or other corporeal right and the property rights put by the investor in objects of investing activities for the purpose of profit earning (income) and (or) achievement of other significant result;

institutional units - legal and (or) physical persons which own goods and assets assume liabilities, participate in economic activity and transactions with other legal and (or) physical persons from own name;

capital investments - set of the costs directed to creation and reproduction of fixed assets;

capital transfer in cash - the costs connected with acquisition or asset retirement except inventories of material current assets, capital transfers usually are large and irregular;

the cultivated (grown-up) assets - the cattle breeding, productive, working, the gardens and other plantings reused for the purpose of product receipt;

taxes on products - the taxes levied in proportion to quantity or cost of the made and sold goods and the rendered services or imported goods and services by residents;

work in progress - goods which production is not complete which are not transferred to other institutional units without further processing and which production process will be continued by the same producer;

work in progress on the cultivated assets - the animals who are grown up on slaughter or sale; long-term fruit and forest plantings, and also other plants which are grown up for sale (saplings of trees, seedling) or for disposable (crops of grain crops, forest plantings for cutting down);

not cultivated biological resources - flora and fauna (biota) which belong to assets, but are not cultivated by the person: the natural woods used for logging, the wild animals consumed on meat or for other industrial purposes;

intangible assets - the long-term property rights providing to its owners certain income or other advantage;

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