INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 7, 2016 No. 4181-U

About modification of the Provision of the Bank of Russia of November 5, 2015 No. 501-P "Industry standard of financial accounting by not credit financial credit institutions of transactions on attraction of money according to loan agreements and credit agreements, transactions on release and repayment (payment) of bonds and bills of exchange"

1. According to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of October 28, 2016 No. 30) to bring in the Provision of the Bank of Russia of November 5, 2015 No. 501-P "Industry standard of financial accounting by not credit financial credit institutions of transactions on attraction of money according to loan agreements and credit agreements, transactions on release and repayment (payment) of bonds and bills of exchange", registered by the Ministry of Justice of the Russian Federation on November 27, 2015 No. 39881 ("the Bulletin of the Bank of Russia" of December 11, 2015 No. 114) (further - the Provision of the Bank of Russia No. 501-P), the following changes.

1.1. In preamble after the words "Art. 5639" to add with words "; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, of the Art. 4225, of the Art. 4273, of Art. 4295" shall be replaced with words words of "transactions on release and repayment (payment) of bonds and bills of exchange" "and also by bond issue and bills of exchange, and transactions with them".

1.2. In Item 1.2 of the word "No. 27, of Art. 3880" to exclude, add with words "; 2016, No. 1, Art. 50, Art. 81; No. 27, Art. 4225".

1.3. In Item 1.3:

the paragraph one to state in the following edition:

"1.3. Date of reflection in financial accounting of transactions on attraction of money according to the loan agreement is receipt date of money on the bank account or in cash desk of not credit financial credit institution, date of essential change of terms of the contract of loan or date of innovation (replacement) of the debt which arose according to the purchase and sale agreement, leases of property or to other basis, the loan obligation.";

in the paragraph the second the word "obtaining" shall be replaced with words "reflections in financial accounting of transactions on attraction", to add with words ", or date of essential change of conditions of the credit agreement".

1.4. "Date" to add paragraphs of the first and second of Item 1.4 after the word with words of "reflection in financial accounting".

1.5. State Item 1.6 in the following edition:

"1.6. Financial liabilities after initial recognition are considered on depreciated cost according to the International accounting standard (IAS) 39 "Financial instruments: recognition and assessment", the order of the Ministry of Finance of the Russian Federation enacted in the territory of the Russian Federation of December 28, 2015 No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on February 2, 2016 No. 40940 ("The official Internet portal of legal information" (www.pravo.gov.ru), on February 8, 2016), with amendments, enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on July 15, 2016 No. 42869 ("The official Internet portal of legal information" (www.pravo.gov.ru), on July 18, 2016) (further - IFRS (IAS) 39).

Depreciated cost is understood as the size in which financial liabilities are estimated in case of initial recognition, less payments in repayment of the main amount of debt, increased or reduced by the amount saved up with use of effective interest rate method (further - ESP) depreciation of difference between original cost and repayment sum in case of approach of repayment period.

Not credit financial credit institution can classify at own discretion in case of initial recognition financial liabilities as estimated at fair value through profit or loss, being guided by IFRS (IAS) 39, and to carry after initial recognition at fair value through profit or loss. For decision making about the subsequent reclassification of financial liabilities not credit financial credit institution is guided by IFRS (IAS) 39.

In case of initial recognition of convertible bonds not credit financial credit institution is guided by requirements of IFRS (IAS) 39.".

1.6. 1 to Item 1.6 to exclude footnote.

1.7. Declare Item 1.6 invalid.

1.8. Add with Item 1.6.1 of the following content:

"1.6.1. Not credit financial credit institution classifies all financial liabilities as estimated afterwards on depreciated cost, except as specified, when not credit financial credit institution in case of initial recognition at own discretion, without the right of the subsequent reclassification, classifies financial liabilities as estimated at fair value through profit or loss.

In case of classification and assessment of financial liabilities not credit financial credit institutions are guided by the International accounting standard (IFRS) 9 "Financial instruments" in edition of 2014 enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on July 15, 2016 No. 42869 ("The official Internet portal of legal information" (www.pravo.gov.ru), on July 18, 2016) (further - the order of the Ministry of Finance of the Russian Federation No. 98n) (further - IFRS (IFRS) 9).

Depreciated cost is understood as the size in which financial liabilities are estimated in case of initial recognition, less payments in repayment of the main amount of debt, increased or reduced by the amount saved up with use of effective interest rate method (further - ESP) depreciation of difference between original cost and repayment sum in case of approach of repayment period.

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