INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 5, 2016 No. 4128-U

About modification of the Provision of the Bank of Russia of February 3, 2016 No. 532-P "Industry standard of the financial accounting "Procedure for Creation of Accounting (Financial) Records of Professional Participants of the Security Market, Joint-stock Investment Funds, Organizers of Trade, Central Partners, Clearing Organizations, Specialized Depositaries of Investment Fund, Mutual Investment Fund and Non-state Pension Fund, Managing Companies of Investment Fund, Mutual Investment Fund and Non-state Pension Fund, Bureau of Credit Histories, Credit Rating Agencies, Insurance Brokers"

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 August 30, 2016 No. 25) to bring in the Provision of the Bank of Russia of February 3, 2016 No. 532-P "Industry standard of the financial accounting "Procedure for Creation of Accounting (Financial) Records of Professional Participants of the Security Market, Joint-stock Investment Funds, Organizers of Trade, Central Partners, Clearing Organizations, Specialized Depositaries of Investment Fund, Mutual Investment Fund and Non-state Pension Fund, Managing Companies of Investment Fund, Mutual Investment Fund and Non-state Pension Fund, Bureau of Credit Histories, Credit Rating Agencies, Insurance Brokers", registered by the Ministry of Justice of the Russian Federation on March 2, 2016 No. 41299 ("the Bulletin of the Bank of Russia" of March 25, 2016 No. 29-30) (further - the Provision of the Bank of Russia No. 532-P), the following changes.

1.1. In Item 1.2 of the word "in the form of tables and text explanations" to exclude.

1.2. The second offer of Item 1.3 to exclude.

1.3. State Item 1.5 in the following edition:

"1.5. In this Provision requirements of the following International Financial Reporting Standards are applied (further - IFRS):

IFRS (IAS) 1 "Accounts presentation" enacted in the territory of the Russian Federation by the order of the Ministry of Finance 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) (further - the order of the Ministry of Finance of the Russian Federation No. 217n), 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 - the order of the Ministry of Finance of the Russian Federation No. 98n) (further - IFRS (IAS) 1);

IFRS (IAS) 2 "Inventories" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 2);

IFRS (IAS) 7 the "Cash flow statement" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n (further - IFRS (IAS) 7);

IFRS (IAS) 8 "Accounting policy, changes in accounting valuations and mistakes", enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n, with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 8);

IFRS (IAS) 10 "Event after the accounting period" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n (further - IFRS (IAS) 10);

IFRS (IAS) 12 "Income taxes" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 12);

IFRS (IAS) 16 "Fixed assets" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 16);

IFRS (IAS) 17 "Lease" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 17);

IFRS (IAS) 19 of "Employee benefit" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 19);

IFRS (IAS) 21 "Influence of changes of the currency rates" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 21);

IFRS (IAS) 23 "Costs on borrowings" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 23);

IFRS (IAS) 24 "Disclosure of information on the related parties" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n (further - IFRS (IAS) 24);

IFRS (IAS) 27 "Separate financial statements" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 27);

IFRS (IAS) 28 "Investment into associated organizations and joint businesses" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 28);

IFRS (IAS) 29 "Financial reporting in hyper inflation economy" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n (further - IFRS (IAS) 29);

IFRS (IAS) 32 "Financial instruments: representation", enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n, with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 32);

IFRS (IAS) 33 "Profit per share" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n (further - IFRS (IAS) 33);

IFRS (IAS) 34 "Interim financial statements" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 34);

IFRS (IAS) 36 "Asset impairment" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 36);

IFRS (IAS) 37 "Estimative obligations, contingent obligations and contingent assets" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 37);

IFRS (IAS) 38 "Intangible assets" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 38);

IFRS (IAS) 39 "Financial instruments: recognition and assessment", enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n, with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 39);

IFRS (IAS) 40 "Investment real estate" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IAS) 40);

IFRS (IFRS) 2 "Payment on the basis of shares" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IFRS) 2);

IFRS (IFRS) 5 "Non-current assets, held for sale, and discontinued operation", enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n, with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IFRS) 5);

IFRS (IFRS) 7 "Financial instruments: disclosure of information", enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n, with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IFRS) 7);

IFRS (IFRS) 8 "Operating segments" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n (further - IFRS (IFRS) 8);

IFRS (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 No. 98n (further - IFRS (IFRS) 9);

IFRS (IFRS) 11 "Joint venture" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IFRS) 11);

IFRS (IFRS) 12 "Disclosure of information on participation in other organizations" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IFRS) 12);

IFRS (IFRS) 13 "Assessment of fair value" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n (further - IFRS (IFRS) 13);

IFRS (IFRS) 15 "Revenue under contracts with buyers" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n (further - IFRS (IFRS) 15).".

1.4. Add Chapter 1 with Item 1.6 of the following content:

"1.6. Not credit financial credit institution has the right to make the decision on application of IFRS (IFRS) 9 and to reflect this decision in accounting policy.".

1.5. Recognize Chapter 2 invalid.

1.6. Add with Chapter 2.1 of the following content:

"Chapter 2.1. Annual accounting (financial) accounts of not credit financial credit institution

2.1.1. Chapter provisions 2 this provision are not applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

Provisions of this Chapter are applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

The annual accounting (financial) accounts of not credit financial credit institution include forms of the reporting and the note:

0420002 "The balance sheet of not credit financial credit institution" (appendix 1.1 to this Provision);

0420003 "Report on financial results of not credit financial credit institution" (appendix 2.1 to this Provision);

appendices to the balance sheet and report on financial results:

0420004 "Report on changes of equity of not credit financial credit institution" (appendix 3.1 to this Provision);

0420005 "Report on cash flows of not credit financial credit institution" (appendix 4.1 to this Provision);

notes as a part of accounting (financial) records of not credit financial credit institution (appendix 5.1 to this Provision).

2.1.2. The annual accounting (financial) accounts of not credit financial credit institution join the following notes:

note 1 "The main activities of not credit financial credit institution";

the note 2 "Economic environment in which not credit financial credit institution performs the activities";

note 3 "Bases of creation of the reporting";

note 4 "Accounting policies, important accounting valuations and professional judgments in application of accounting policy";

note 5 "Money";

the note 6 "The financial assets without fail classified as estimated at fair value through profit or loss";

the note 7 "The financial assets classified as estimated at fair value through profit or loss at the discretion of not credit financial credit institution";

the note 8 "The financial assets estimated at fair value through other comprehensive income: debt instruments";

the note 9 "The financial assets estimated at fair value through other comprehensive income: equity instruments";

the note 10 "The financial assets estimated on depreciated cost: means in credit institutions and nonresident banks";

the note 11 "The financial assets estimated on depreciated cost: the loans issued and the other placed means";

the note 12 "The financial assets estimated on depreciated cost: receivables";

note 13 "Investments into associates";

note 14 "Investments into jointly controlled entities";

note 15 "Investments into affiliated enterprises";

the note 16 "The assets and liabilities included in the disposal groups classified as held for sale";

note 17 "Investment property";

note 18 "Intangible assets";

note 19 "Fixed assets";

note 20 "Other assets";

the note 21 "The financial liabilities without fail classified as estimated at fair value through profit or loss";

the note 22 "The financial liabilities classified as estimated at fair value through profit or loss at the discretion of not credit financial credit institution";

the note 23 "The financial liabilities estimated on depreciated cost: means of clients";

the note 24 "The financial liabilities estimated on depreciated cost: the credits, loans and the other raised funds";

the note 25 "The financial liabilities estimated on depreciated cost: issued debt securities";

the note 26 "The financial liabilities estimated on depreciated cost: accounts payable";

the note 27 "Obligations on the employee benefits upon termination of labor activity which are not limited to fixed payments";

the note 28 "Reserves - estimative obligations";

note 29 "Other obligations";

note 30 "Capital";

note 31 "Capital management";

the note 32 "The income less expenses (expenses less the income) from financial instrument transactions, without fail classified as estimated at fair value through profit or loss";

the note 33 "The income less expenses (expenses less the income) from transactions with the financial assets classified as estimated at fair value through profit or loss at the discretion of not credit financial credit institution";

note 34 "Interest incomes";

the note 35 "The income less expenses (expenses less the income) from transactions with the debt instruments estimated at fair value through other comprehensive income";

the note 36 "The income less expenses (expenses less the income) from transactions with the equity instruments estimated at fair value through other comprehensive income";

the note 37 "Reserves under impairment of the financial assets estimated on depreciated cost";

the note 38 "The income less expenses (expenses less the income) from transactions with investment property";

the note 39 "The income less expenses (expenses less the income) from transactions with foreign currency";

the note 40 "Other investment revenues less expenses (expenses less the income)";

the note 41 "Revenue from rendering services and the commission income";

note 42 "Staff expenses";

note 43 "Direct operating expenses";

note 44 "Interest expenses";

the note 45 "The income less expenses (expenses less the income) from transactions with the financial liabilities classified as estimated at fair value through profit or loss at the discretion of not credit financial credit institution";

note 46 "Total and administrative expenses";

note 47 "Other incomes and expenses;

note 48 "Income tax";

note 49 "Dividends";

note 50 "Profit (loss) on the share". It is filled only with not credit financial credit institutions which own shares are admitted to organized trading or are in process of release;

note 51 "Segment analysis". It is filled only with not credit financial credit institutions which own shares and debt securities are admitted to organized trading or are in process of release;

note 52 "Risk management";

note 53 "Transfer of financial assets";

note 54 "Contingent obligations";

note 55 "Derivative financial instruments and accounting of hedging";

note 56 "Fair value of financial instruments";

note 57 "Offset of financial assets and financial liabilities";

note 58 "Transactions with the related parties";

note 59 "Events after the reporting period".".

1.7. Declare Item 3.1 invalid.

1.8. Add with Item 3.1.1 of the following content:

"3.1.1. Provisions of Item 3.1 of this provision are not applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

Provisions of this Item are applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

The intermediate accounting (financial) records of not credit financial credit institution include forms of the reporting and the note:

0420002 "The balance sheet of not credit financial credit institution" (appendix 1.1 to this Provision):

for the first quarter of accounting year - as of March 31 of accounting year and for December 31 of previous year;

for the first half of the year of accounting year - as of June 30 of accounting year and for December 31 of previous year;

in nine months of accounting year - as of September 30 of accounting year and for December 31 of previous year;

0420003 "The report on financial results of not credit financial credit institution" (appendix 2.1 to this Provision) for the current intermediate accounting period and the accruing result since the beginning of accounting year to reporting date:

for the first quarter of accounting year - from January 1 till March 31 of accounting year and comparative information from January 1 till March 31 of the previous accounting year;

for the first half of the year of accounting year - from April 1 till June 30 of accounting year and comparative information from April 1 till June 30 of the previous accounting year, and also from January 1 till June 30 of accounting year and comparative information from January 1 till June 30 of the previous accounting year;

in nine months of accounting year - from July 1 till September 30 of accounting year and comparative information from July 1 till September 30 of the previous accounting year, and also from January 1 till September 30 of accounting year and comparative information from January 1 till September 30 of the previous accounting year;

0420004 "The report on changes of equity of not credit financial credit institution" (appendix 3.1 to this Provision) the accruing result since the beginning of accounting year to reporting date:

for the first quarter of accounting year - from January 1 till March 31 of accounting year and comparative information from January 1 till March 31 of the previous accounting year;

for the first half of the year of accounting year - from January 1 till June 30 of accounting year and comparative information from January 1 till June 30 of the previous accounting year;

in nine months of accounting year - from January 1 till September 30 of accounting year and comparative information from January 1 till September 30 of the previous accounting year;

0420005 "The report on cash flows of not credit financial credit institution" (appendix 4.1 to this Provision) the accruing result from the beginning of accounting year to reporting date:

for the first quarter of accounting year - from January 1 till March 31 of accounting year and comparative information from January 1 till March 31 of the previous accounting year;

for the first half of the year of accounting year - from January 1 till June 30 of accounting year and comparative information from January 1 till June 30 of the previous accounting year;

in nine months of accounting year - from January 1 till September 30 of accounting year and comparative information from January 1 till September 30 of the previous accounting year;

the chosen notes to accounting (financial) records.".

1.9. Declare Item 4.1 invalid.

1.10. Add with Item 4.1.1 of the following content:

"4.1.1. Provisions of Item 4.1 of this provision are not applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

Provisions of this Item are applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

The balance sheet of not credit financial credit institution is constituted on the basis of group of accounts of financial accounting according to balance sheet items of not credit financial credit institution (appendix 6.1 to this Provision).".

1.11. Declare Item 4.2 invalid.

1.12. Add with Item 4.2.1 of the following content:

"4.2.1. Provisions of Item 4.2 of this provision are not applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

Provisions of this Item are applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

If any account of financial accounting is absent in appendix 6.1 to this Provision, remaining balance of such balance sheet account should be included in that balance sheet item which on economic content corresponds to the transaction reflected in this account, and in the absence of such Article - to reflect under the article "Other Assets" or under the article "Other Obligations" depending on the characteristic of the account.".

1.13. Add Chapter 4 with Item 4.6 of the following content:

"4.6. In case of need reflections of influence of retrospective restatement on the beginning of the preceding accounting period not credit financial credit institution includes in structure of accounting (financial) records the additional balance sheet as of the beginning and the end of preceding period taking into account retrospective restatement.".

1.14. Declare Item 5.1 invalid.

1.15. Add with Item 5.1.1 of the following content:

"5.1.1. Provisions of Item 5.1 of this provision are not applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

Provisions of this Item are applied to not credit financial credit institution which made the decision on application of IFRS (IFRS) 9 since January 1, 2017.

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