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Insurance accounting under IFRS 17 (Resolution No. 149)

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Accounting in Insurance Organisations under IFRS 17 (Resolution No. 149)

Reference card for a regulatory legal act. The full text is available in the official «Adilet» system (adilet.zan.kz).

Requisites

Parameter	Value
Type of act	Resolution of the Board of the National Bank of the RK
Number and date	No. 149 of 28 June 2013
Status	In force; aligned with IFRS 17 (version No. 85 of 24 December 2024)
Official code	V1300008596

Subject of the document

An instruction on the conduct of accounting by insurance (reinsurance) organisations, aligned with IFRS 17 «Insurance Contracts». It sets out the procedure for the recognition, measurement and recording in the accounts of insurance liabilities and related items.

Relevance for actuarial practice

It establishes the accounting methodology in which actuarial estimates under IFRS 17 are used: future cash flows, discounting, the risk adjustment, and the contractual service margin (CSM).
It links the actuarial calculation of reserves to the accounting recognition of liabilities.
It is applied together with the requirements for the valuation of liabilities (No. 84) and the standard chart of accounts (No. 251).

Official source

Full text in force: adilet.zan.kz/rus/docs/V1300008596. Files in the repository: docs/Law/Инструкция … (МСФО 17).

English Translation (Auto-generated)

Official source: Adilet / https://adilet.zan.kz/rus/docs/V1300008596 The relevance of the editorial office has been verified: 2026-06-20.

Footnote: Footnote. The title is as amended by the resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 24, 2024 No. 85 (shall be brought into force ten calendar days after the day of its first official publication).

In accordance with subparagraph 2) of paragraph 6 of Article 20 of the Law of the Republic of Kazakhstan “On Accounting and Financial Reporting”, subparagraph 12) of paragraph four of part two of paragraph 19 of the Regulations on the National Bank of the Republic of Kazakhstan, approved by Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 “On approval of the Regulations and structure of the National Bank of the Republic of Kazakhstan”, the Board of the National Bank of the Republic of Kazakhstan DECIDES:

Approve the attached Instructions for maintaining accounting records by insurance (reinsurance) organizations, mutual insurance companies and branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan.

2. Recognize as invalid the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 28, 2008 No. 97 “On approval of the Instructions for maintaining accounting records of insurance and reinsurance operations in the general insurance and life insurance industries” (registered in the Register of State Registration of Normative Legal Acts under No. 5421, published on December 16-31, 2008 in the Kazakhstanskaya newspaper truth" No. 24).

3. This resolution comes into effect upon the expiration of ten calendar days after the day of its first official publication.

Chairman of the National Bank G. Marchenko

Approved by Resolution of the Board of the National Bank of the Republic of Kazakhstan dated June 28, 2013 No. 149

Instructions for maintaining accounting records by insurance (reinsurance) organizations, mutual insurance companies and branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan

Footnote: Footnote. Instructions - as amended by Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 24, 2024 No. 85 (shall be brought into force ten calendar days after the day of its first official publication).

Chapter 1. General provisions

Advertisement paragraph four of part two of paragraph 19 of the Regulations on the National Bank of the Republic of Kazakhstan, approved by Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 “On approval of the Regulations and structure of the National Bank of the Republic of Kazakhstan”, international financial reporting standards and details the accounting of insurance (reinsurance) organizations, mutual insurance companies, and branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan (hereinafter - insurance (reinsurance) organizations).

2. The Instructions use the concepts provided for by the Civil Code of the Republic of Kazakhstan, the laws of the Republic of Kazakhstan “On Insurance Activities”, “On the Insurance Payment Guarantee Fund”, “On Accounting and Financial Reporting” and international financial reporting standards.

3. When maintaining accounting records by insurance (reinsurance) organizations, mutual insurance companies and branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, accounts are used in accordance with the resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 22, 2017 No. 251 “On approval of the Standard Chart of Accounting Accounts for insurance (reinsurance) organizations, mutual insurance companies and branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan and introducing amendments and additions to some regulatory legal acts of the Republic of Kazakhstan on accounting issues" (registered in the Register of State Registration of Regulatory Legal Acts under No. 16390).

When maintaining accounting records of the assets of clients located in the investment management of an insurance organization, off-balance sheet accounts are used in accordance with the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 22, 2017 No. 251 “On approval of the Standard Chart of Accounts for Insurance (Reinsurance) Organizations, Mutual Insurance Companies and Branches of Insurance (Reinsurance) Organizations - Non-Residents of the Republic of Kazakhstan and Amendments and Additions to Certain Regulatory Legal Acts of the Republic of Kazakhstan on accounting issues" (registered in the Register of State Registration of Normative Legal Acts under No. 16390).

4. It is allowed to make additional accounting entries to the extent that they do not contradict the requirements of the Law of the Republic of Kazakhstan “On Accounting and Financial Reporting” and international financial reporting standards in the manner prescribed by the internal documents of insurance (reinsurance) organizations regulating accounting.

It is allowed to reflect transaction amounts in foreign currency using currency position and foreign currency counter-value accounts. Interest income and expense are recognized using the effective interest method in accordance with International Financial Reporting Standard (IFRS) 9 Financial Instruments.

Section 1. Accounting of financial instruments and refined precious metals

Chapter 2. Accounting for transactions with securities

Paragraph 1. Accounting for acquired debt securities carried at fair value through profit or loss

5. When purchasing debt securities classified in the category “securities accounted for at fair value through profit or loss” (for the purchase price including transaction costs), the following accounting entries are made:

when transferring an advance to a broker:

Dt 1610 02 Settlements with brokers Kt 1060 61 Cash (pension assets) in a current account (investment account);

2) on the net value of the acquired debt security (in an amount not exceeding its face value), taking into account transaction costs:

Dt 1120 01 Short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss Kt 1030 Cash on current accounts 1610 02 Settlements with brokers;

3) for the amount of the premium, including costs associated with the acquisition of a debt security:

Dt 1120 03 Premium on acquired short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss Kt 1030 Cash on current accounts 1610 02 Settlements with brokers;

4) by the amount of the discount (discount):

Dt 1120 01 Short-term financial assets accounted for at fair value through profit or loss Kt 1120 02 Discount on acquired short-term financial assets accounted for at fair value through profit or loss;

5) for the amount of remuneration accrued by the previous holder:

Dt 1270 04 Remuneration accrued by previous holders on securities Kt 1030 Cash on current accounts 1610 02 Settlements with brokers;

6) if the transaction amount for the purchase (including transaction costs) of debt securities exceeds their fair value:

Dt 7470 10 Expenses from the purchase and sale of securities Kt 1120 02 Discount on acquired short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss 1120 03 Premium for acquired short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss;

7) if the fair value of debt securities exceeds the amount of the transaction for their purchase:

Dt 1120 02 Discount on acquired short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss 1120 03 Premium for acquired short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss Kt 6280 09 Income from the purchase and sale of securities.

6. When accruing interest on acquired debt securities accounted for at fair value, changes in which are reflected in profit or loss, with the frequency established by the accounting policy of the organization, the following accounting entry is made for the amount of accrued interest:

Dt 1270 01 Accrued income in the form of interest on purchased securities Kt 6110 01 Income associated with receiving interest on purchased securities.

7. When amortizing a premium or discount (discount) on acquired debt securities accounted for at fair value, changes in which are reflected in profit or loss, the following accounting entries are made with the frequency established by the accounting policy of the organization:

for the amount of premium depreciation:

Dt 7310 02 Expenses associated with amortization of premium on acquired securities Kt 1120 03 Premium on acquired short-term financial assets accounted for at fair value, changes in which are recognized in profit or loss;

2) for the amount of amortization of the discount (discount):

Dt 1120 02 Discount on acquired short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss Kt 6110 03 Income associated with the amortization of the discount on acquired securities.

8. After accrual of interest and amortization of the premium or discount (discount), in accordance with paragraphs 6 and 7 of the Instructions, the acquired debt securities are revalued, assessed at fair value, changes in which are reflected in profit or loss, at fair value, with the frequency established by the accounting policy of the organization, and the following accounting entries are made:

if the fair value of debt securities is higher than their carrying amount:

Dt 1120 04 Positive adjustment to the fair value of short-term financial assets accounted for at fair value through profit or loss Kt 6150 01 Income from changes in the value of securities accounted for at fair value through profit or loss;

if the carrying amount of debt securities is higher than their fair value:

Dt 7470 03 Expenses from changes in the value of securities accounted for at fair value, changes in which are reflected in profit or loss Kt 1120 05 Negative adjustment to the fair value of short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss;

by the amount of the recorded positive or negative adjustment to the fair value of debt securities:

Dt 1120 05 Negative adjustment to the fair value of short-term financial assets recorded at fair value through profit or loss Kt 1120 04 Positive adjustment to the fair value of short-term financial assets recorded at fair value through profit or loss.

9. When revaluing debt securities accounted for at fair value through profit or loss, the value of which is expressed in a foreign currency, the following accounting entries are made at the exchange rate:

when the exchange rate increases by the amount of the positive exchange rate difference:

Dt 1120 01 Short-term financial assets at fair value through profit or loss 1120 03 Premium on acquired short-term financial assets at fair value through profit or loss 1120 04 Positive adjustment to the fair value of short-term financial assets at fair value through profit or loss 1270 01 Accrued income in the form of remuneration on purchased securities 1270 04 Remuneration accrued by previous holders on securities Kt 6250 02 Income from revaluation of foreign currency;

at the same time, for the amount of negative exchange rate difference:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 1120 02 Discount on acquired short-term financial assets accounted for at fair value through profit or loss 1120 05 Negative adjustment to the fair value of short-term financial assets accounted for at fair value through profit or loss;

when the exchange rate decreases by the amount of negative exchange rate difference:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 1120 01 Short-term financial assets accounted for at fair value through profit or loss 1120 03 Premium on acquired short-term financial assets accounted for at fair value through profit or loss 1120 04 Positive adjustment to the fair value of short-term financial assets assets accounted for at fair value, changes in which are reflected in profit or loss 1270 01 Accrued income in the form of interest on acquired securities 1270 04 Interest accrued by previous holders on securities;

at the same time, for the amount of positive exchange rate difference:

Dt 1120 02 Discount on acquired short-term financial assets accounted for at fair value through profit or loss 1120 05 Negative adjustment to the fair value of financial assets accounted for at fair value through profit or loss Kt 6250 02 Income from revaluation of foreign currency.

10. Upon receipt from the issuer of accrued interest on acquired debt securities accounted for at fair value, changes in which are reflected in profit or loss, the following accounting entry is made for the amount of the interest received:

Dt 1030 Cash on current accounts Kt 1270 01 Accrued income in the form of interest on purchased securities 1270 04 Remuneration accrued by previous holders on securities.

11. When selling acquired debt securities accounted for at fair value, changes in which are reflected in profit or loss, after accrual of interest, amortization of premium or discount (discount) and revaluation of debt securities at fair value, in accordance with paragraphs 6, 7 and 9 of the Instructions, the following accounting entries are made:

for the amount of unamortized premium:

Dt 1120 01 Short-term financial assets accounted for at fair value through profit or loss Kt 1120 03 Premium on acquired short-term financial assets accounted for at fair value through profit or loss;

2) for the amount of unamortized discount (discount):

Dt 1120 02 Discount on acquired short-term financial assets accounted for at fair value through profit or loss Kt 1120 01 Short-term financial assets accounted for at fair value through profit or loss;

3) for the amount of the concluded transaction for the sale of debt securities:

Dt 1030 Cash on current accounts Kt 1120 01 Short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss 1270 01 Accrued income in the form of interest on acquired securities 1270 04 Interest accrued by previous holders on securities;

4) if the amount of a concluded transaction for the sale of debt securities accounted for at fair value, changes in which are reflected in profit or loss, exceeds their book value by the amount of the difference:

Dt 1030 Cash on current accounts Kt 6280 09 Income from the purchase and sale of securities;

5) if the book value of debt securities accounted for at fair value, changes in which are reflected in profit or loss, exceeds the amount of the concluded transaction for their sale, by the amount of the difference:

Dt 7470 10 Expenses from the purchase and sale of securities Kt 1120 01 Short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income.

12. When the issuer redeems debt securities accounted for at fair value, changes in which are reflected in profit or loss, after accrual of interest, amortization of premium or discount (discount) and revaluation of debt securities at fair value in accordance with paragraphs 6, 7 and 9 of the Instructions, the following accounting entry is made:

for the amount of money received from the issuer:

Dt 1030 Cash on current accounts Kt 1120 01 Short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss 1270 01 Accrued income in the form of interest on acquired securities 1270 04 Remuneration accrued by previous holders on securities.

Paragraph 2. Accounting for acquired debt securities carried at fair value through other comprehensive income

13. When purchasing debt securities classified in the category “securities accounted for at fair value through other comprehensive income” (at the purchase price including transaction costs), the following accounting entries are made:

when transferring an advance to a broker:

Dt 1610 02 Settlements with brokers Kt 1060 61 Cash (pension assets) in a current account (investment account);

2) on the net value of the acquired debt security (in an amount not exceeding its face value), taking into account transaction costs:

3) for the amount of the premium, including costs associated with the acquisition of a debt security:

Dt 1140 03 Premium on acquired financial assets accounted for at fair value through other comprehensive income 2030 03 Premium for acquired long-term financial assets accounted for at fair value through other comprehensive income Kt 1030 Cash on current accounts 1610 02 Settlements with brokers;

4) by the amount of the discount (discount):

Dt 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income Kt 1140 02 Discount on acquired financial assets accounted for at fair value through other comprehensive income 2030 02 Discount on acquired long-term financial assets, accounted for at fair value through other comprehensive income;

5) for the amount of remuneration accrued by the previous holder:

Dt 1270 04 Remuneration accrued by previous holders on securities Kt 1030 Cash on current accounts 1610 02 Settlements with brokers.

14. When accruing interest on acquired debt securities accounted for at fair value through other comprehensive income, with the frequency established by the accounting policy of the organization, the following accounting entry is made for the amount of accrued interest:

Dt 1270 01 Accrued income in the form of interest on purchased securities Kt 6110 01 Income associated with receiving interest on purchased securities.

15. When amortizing a premium or discount (discount) on acquired debt securities accounted for at fair value through other comprehensive income, the following accounting entries are made with the frequency established by the accounting policy of the organization:

for the amount of premium depreciation:

Dt 7310 02 Expenses associated with amortization of premium on acquired securities Kt 1140 03 Premium on acquired financial assets accounted for at fair value through other comprehensive income 2030 03 Premium on acquired long-term financial assets accounted for at fair value through other comprehensive income;

2) for the amount of amortization of the discount (discount):

Dt 1140 02 Discount on acquired financial assets accounted for at fair value through other comprehensive income 2030 02 Discount on acquired long-term financial assets accounted for at fair value through other comprehensive income Kt 6110 03 Income associated with the amortization of the discount on acquired securities.

16. After accrual of interest and amortization of the premium or discount (discount), in accordance with paragraphs 14 and 15 of the Instructions, the acquired debt securities accounted for at fair value through other comprehensive income are revalued at fair value, with the frequency established by the accounting policy of the organization, and the following accounting entries are made:

if the fair value of debt securities is higher than their carrying amount:

Dt 1140 04 Positive adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 04 Positive adjustment to the fair value of long-term financial assets accounted for at fair value through other comprehensive income Kt 5440 Revaluation reserve for financial assets accounted for at fair value through other comprehensive income;

if the carrying amount of debt securities is higher than their fair value:

Dt 5440 Revaluation reserve for financial assets accounted for at fair value through other comprehensive income Kt 1140 05 Negative adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 05 Negative adjustment to the fair value of long-term financial assets accounted for at fair value through other comprehensive income;

by the amount of the recorded positive or negative adjustment to the fair value of debt securities:

Dt 1140 05 Negative adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 05 Negative adjustment to the fair value of long-term financial assets accounted for at fair value through other comprehensive income Kt 1140 04 Positive adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 04 Positive adjustment to the fair value of long-lived financial assets carried at fair value through other comprehensive income.

17. Upon receipt from the issuer of accrued interest on acquired debt securities accounted for at fair value through other comprehensive income, the following accounting entry is made:

for the amount of remuneration received:

Dt 1030 Cash on current accounts Kt 1270 01 Accrued income in the form of interest on purchased securities 1270 04 Remuneration accrued by previous holders on securities.

18. When selling acquired debt securities accounted for at fair value through other comprehensive income, after accrual of interest, amortization of premium or discount (discount) and revaluation of debt securities at fair value, in accordance with paragraphs 14, 15 and 16 of the Instructions, the following accounting entries are made:

for the amount of unamortized premium on debt securities accounted for at fair value through other comprehensive income:

Dt 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income Kt 1140 03 Premium on acquired financial assets accounted for at fair value through other comprehensive income 2030 03 Premium on acquired long-term financial assets, accounted for at fair value through other comprehensive income;

2) the amount of unamortized discount (discount) on debt securities accounted for at fair value through other comprehensive income:

Dt 1140 02 Discount on acquired financial assets accounted for at fair value through other comprehensive income 2030 02 Discount for acquired long-term financial assets accounted for at fair value through other comprehensive income Kt 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets, measured at fair value through other comprehensive income;

3) for the amount of a concluded transaction for the sale of debt securities accounted for at fair value through other comprehensive income:

Dt 1030 Cash on current accounts Kt 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 1270 01 Accrued income in the form of interest on acquired securities 1270 04 Interest accrued by previous holders on securities 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income other comprehensive income;

4) if the amount of a concluded transaction for the sale of debt securities accounted for at fair value through other comprehensive income exceeds their book value by the amount of the difference:

Dt 1030 Cash on current accounts Kt 6280 09 Income from the purchase and sale of securities;

5) if the book value of debt securities accounted for at fair value through other comprehensive income exceeds the amount of the concluded transaction for their sale, by the amount of the difference:

Dt 7470 10 Expenses from the purchase and sale of securities Kt 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income;

6) the amount of income from the revaluation of debt securities accounted for at fair value through other comprehensive income:

Dt 5440 Reserve for revaluation of financial assets accounted for at fair value through other comprehensive income Kt 6150 03 Income from securities accounted for at fair value through other comprehensive income;

7) for the amount of expenses from the revaluation of debt securities accounted for at fair value through other comprehensive income:

Dt 7470 06 Expenses on securities accounted for at fair value through other comprehensive income Kt 5440 Reserve for revaluation of financial assets accounted for at fair value through other comprehensive income.

19. When the issuer redeems debt securities accounted for at fair value through other comprehensive income and accounted for at fair value, changes in which are reflected in profit or loss, after accrual of interest, amortization of premium or discount (discount) and revaluation of debt securities at fair value in accordance with paragraphs 14, 15 and 16 of the Instructions, the following accounting entries are made:

for the amount of money received from the issuer of debt securities accounted for at fair value through other comprehensive income:

2) the amount of income from the revaluation of debt securities accounted for at fair value through other comprehensive income:

3) for the amount of expenses from the revaluation of debt securities accounted for at fair value through other comprehensive income:

Paragraph 3. Accounting for acquired debt securities carried at amortized cost

20. When purchasing debt securities accounted for at amortized cost (purchase cost including transaction costs), the following accounting entries are made:

when transferring an advance to a broker:

Dt 1610 02 Settlements with brokers Kt 1030 Cash in current accounts;

2) on the net value of the acquired debt security (in an amount not exceeding its face value), taking into account transaction costs:

Dt 1130 01 Short-term financial assets accounted for at amortized cost 2020 01 Long-term financial assets accounted for at amortized cost Kt 1030 Cash on current accounts 1610 02 Settlements with brokers;

3) for the amount of the premium, including costs associated with the acquisition of a debt security:

4) by the amount of the discount (discount):

Dt 1130 01 Short-term financial assets accounted for at amortized cost 2020 01 Long-term financial assets accounted for at amortized cost Kt 1130 02 Discount on acquired short-term financial assets accounted for at amortized cost 2020 02 Discount on acquired long-term financial assets accounted for at amortized cost cost;

5) for the amount of remuneration accrued by the previous holder:

Dt 1270 04 Remuneration accrued by previous holders on securities Kt 1030 Cash on current accounts 1610 02 Settlements with brokers;

6) if the purchase transaction amount (purchase cost, including transaction costs) of debt securities exceeds their fair value:

Dt 7470 10 Expenses from the purchase and sale of securities Kt 1130 02 Discount on acquired short-term financial assets accounted for at amortized cost 1130 03 Premium for acquired short-term financial assets accounted for at amortized cost 2020 02 Discount for acquired long-term financial assets accounted for at amortized cost 2020 03 Premium on acquired long-term financial assets accounted for at amortized cost;

7) if the fair value of debt securities exceeds the amount of the transaction for their purchase:

Dt 1130 02 Discount on acquired short-term financial assets accounted for at amortized cost 1130 03 Premium for acquired short-term financial assets accounted for at amortized cost 2020 02 Discount on acquired long-term financial assets accounted for at amortized cost 2020 03 Premium for acquired long-term financial assets assets accounted for at amortized cost" Kt 6280 09 Income from the purchase and sale of securities.

21. When accruing interest on acquired debt securities accounted for at amortized cost, the following accounting entry is made with the frequency established by the organization’s accounting policy:

Dt 1270 01 Accrued income in the form of interest on purchased securities Kt 6110 01 Income associated with receiving interest on purchased securities.

22. When amortizing a premium or discount (rebate) on acquired debt securities accounted for at amortized cost, the following accounting entries are made with the frequency established by the accounting policy of the organization:

for the amount of premium depreciation:

Dt 7310 02 Expenses associated with the amortization of the premium on acquired securities Kt 1130 03 Premium on acquired short-term financial assets accounted for at amortized cost 2020 03 Premium on acquired long-term financial assets accounted for at amortized cost;

2) for the amount of amortization of the discount (discount):

23. When revaluing debt securities accounted for at amortized cost, the value of which is expressed in foreign currency, at the exchange rate, the following accounting entries are made:

by the amount of positive exchange rate difference:

Dt 1130 01 Short-term financial assets accounted for at amortized cost 1130 03 Premium on acquired short-term financial assets accounted for at amortized cost 1270 01 Accrued income in the form of interest on acquired securities 1270 04 Remuneration accrued by previous holders on securities 2020 01 Long-term financial assets accounted for at amortized cost 2020 03 Premium on acquired long-term financial assets accounted for at amortized cost Kt 6250 02 Income from revaluation of foreign currency;

at the same time, for the amount of negative exchange rate difference:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 1130 02 Discount on acquired short-term financial assets accounted for at amortized cost 2020 02 Discount for acquired long-term financial assets accounted for at amortized cost;

2) for the amount of negative exchange rate difference:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 1130 01 Short-term financial assets accounted for at amortized cost 1130 03 Premium on acquired short-term financial assets accounted for at amortized cost 1270 01 Accrued income in the form of interest on acquired securities 1270 04 Interest accrued by previous holders of securities 2020 01 Long-term financial assets carried at amortized cost 2020 03 Premium on acquired long-term financial assets carried at amortized cost;

at the same time, for the amount of positive exchange rate difference:

24. When the issuer repays accrued interest on debt securities accounted for at amortized cost, the following accounting entry is made:

for the amount of remuneration paid:

Dt 1030 Cash on current accounts Kt 1270 01 Accrued income in the form of interest on purchased securities 1270 04 Remuneration accrued by previous holders on securities.

25. When selling debt securities accounted for at amortized cost, after accrual of interest and amortization of the premium or discount (discount), in accordance with paragraphs 21 and 22 of the Instructions, the following accounting entries are made:

for the amount of unamortized premium:

Dt 1130 01 Short-term financial assets accounted for at amortized cost 2020 01 Long-term financial assets accounted for at amortized cost Kt 1130 03 Premium on acquired short-term financial assets accounted for at amortized cost 2020 03 Premium on acquired long-term financial assets accounted for at amortized cost cost;

2) for the amount of unamortized discount (discount):

Dt 1130 02 Discount on acquired short-term financial assets accounted for at amortized cost 2020 02 Discount for acquired long-term financial assets accounted for at amortized cost Kt 1130 01 Short-term financial assets accounted for at amortized cost 2020 01 Long-term financial assets accounted for at amortized cost cost;

3) for the amount of a concluded transaction for the sale of debt securities accounted for at amortized cost:

Dt 1030 Cash on current accounts Kt 1130 01 Short-term financial assets accounted for at amortized cost 1270 01 Accrued income in the form of interest on purchased securities 1270 04 Remuneration accrued by previous holders for securities 2020 01 Long-term financial assets accounted for at amortized cost;

4) if the amount of a concluded transaction for the sale of debt securities accounted for at amortized cost exceeds their book value by the amount of the difference:

Dt 1030 Cash on current accounts Kt 6280 09 Income from the purchase and sale of securities;

5) if the book value of debt securities accounted for at amortized cost exceeds the amount of the concluded transaction for their sale, by the amount of the difference:

Dt 7470 10 Expenses from the purchase and sale of securities Kt 1130 01 Short-term financial assets accounted for at amortized cost 2020 01 Long-term financial assets accounted for at amortized cost.

26. When the issuer redeems debt securities accounted for at amortized cost, after accrual of interest and amortization of the premium or discount (discount), in accordance with paragraphs 21 and 22 of the Instructions, the following accounting entry is made:

for the amount of money received from the issuer of debt securities:

Paragraph 4. Accounting for debt securities issued by an organization for circulation

27. When placing debt securities issued by an organization into circulation, the following accounting entries are made:

on the net value (including costs) of the placed debt security (for an amount not exceeding its face value):

Dt 1030 Cash on current accounts Kt 4030 07 Issued securities;

2) for the amount of the premium, including costs associated with the acquisition of a debt security:

Dt 1030 Cash on current accounts Kt 4030 09 Premium on issued securities;

3) by the amount of the discount (discount):

Dt 4030 08 Discount on issued securities Kt 4030 07 Issued securities.

28. When accruing interest on debt securities issued by an organization for circulation, with the frequency established by the accounting policy of the organization, the following accounting entry is made for the amount of interest:

Dt 7310 01 Expenses associated with the payment of interest on securities issued for circulation Kt 3380 01 Interest on securities issued for circulation.

29. When amortizing a premium or discount (rebate) on debt securities issued by an organization for circulation, the following accounting entries are made with the frequency established by the accounting policy of the organization:

for the amount of premium depreciation:

Dt 4030 09 Premium on securities issued in circulation Kt 6110 02 Income associated with the amortization of premium on securities issued in circulation;

2) for the amount of amortization of the discount (discount):

Dt 7310 01 Expenses associated with the payment of interest on securities issued in circulation Kt 4030 08 Discount on securities issued in circulation.

30. When repaying accrued interest on debt securities issued by an organization for circulation, the following accounting entry is made:

for the amount of remuneration paid:

Dt 3380 01 Interest on securities issued for circulation Kt 1030 Cash on current accounts.

31. When repaying debt securities issued by an organization into circulation, after accrual of interest, amortization of premium and discount (discount) in accordance with paragraphs 28 and 29 of the Instructions, the following accounting entry is made:

for the amount of money paid:

Dt 3380 01 Interest on securities issued for circulation 4030 07 Securities issued for circulation Kt 1030 Cash in current accounts.

32. In the case of the repurchase of debt securities previously issued by the organization into circulation, after accrual of interest and amortization of the premium or discount (rebate) in accordance with paragraphs 28 and 29 of the Instructions, the following accounting entries are made:

for the amount of unamortized premium:

Dt 4030 09 Premium on issued securities Kt 4030 07 Issued securities;

2) for the amount of unamortized discount (discount):

Dt 4030 07 Issued securities Kt 4030 08 Discount on issued securities;

3) for the amount of the concluded transaction for the repurchase of debt securities:

Dt 3380 01 Interest on securities issued for circulation 4030 10 Purchased securities Kt 1030 Cash on current accounts;

4) if the amount of the concluded transaction for the purchase of debt securities exceeds their accounting value by the amount of the difference:

Dt 7470 10 Expenses from the purchase and sale of securities Kt 1030 Cash in current accounts;

5) if the book value exceeds the amount of the concluded transaction for the purchase of debt securities, by the amount of the difference:

Dt 4030 10 Purchased securities Kt 6280 09 Income from the purchase and sale of securities.

33. In the event of the sale of previously repurchased debt securities issued by the organization for circulation, the following accounting entries are made:

for the amount of debt securities sold (in an amount not exceeding their nominal value):

Dt 1030 Cash on current accounts Kt 4030 10 Purchased securities;

2) for the amount of the premium:

Dt 1030 Cash on current accounts Kt 4030 09 Premium on issued securities;

3) by the amount of the discount (discount):

Dt 4030 08 Discount on issued securities Kt 4030 07 Issued securities.

Paragraph 5. Accounting for acquired equity securities measured at fair value through profit or loss or at fair value through other comprehensive income

34. When purchasing equity securities at fair value through profit or loss, or at fair value through other comprehensive income, the following accounting entries are made:

when transferring an advance to a broker:

Dt 1610 02 Settlements with brokers Kt 1030 Cash in current accounts;

2) on the net value of the acquired equity security, taking into account transaction costs:

Dt 1120 01 Short-term financial assets accounted for at fair value through profit or loss 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income Kt 1030 Cash on current accounts 1610 02 Settlements with brokers;

3) if the transaction amount for the purchase of equity securities exceeds their fair value:

Dt 7470 10 Expenses from the purchase and sale of securities Kt 1120 01 Short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income;

4) if the fair value of equity securities exceeds the amount of their purchase transaction:

Dt 1120 01 Short-term financial assets accounted for at fair value, changes in which are reflected in profit or loss 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income Kt 6280 09 Income from the purchase and sale of securities.

35. When accruing dividends due on equity securities measured at fair value through profit or loss and accounted for at fair value through other comprehensive income, the following accounting entry is made:

Dt 1270 01 Accrued income in the form of remuneration on purchased securities Kt 6120 Income from dividends.

36. When revaluing acquired equity securities measured at fair value through profit or loss, or accounted for at fair value through other comprehensive income, the following accounting entries are made at fair value with the frequency established by the entity’s accounting policies:

for equity securities accounted for at fair value, changes in which are recognized in profit or loss:

if the fair value of equity securities is higher than their carrying amount:

if the carrying amount of equity securities is higher than their fair value:

by the amount of the recorded positive or negative adjustment to the fair value of equity securities:

2) for equity securities accounted for at fair value through other comprehensive income:

if the fair value of equity securities is higher than their carrying amount:

if the carrying amount of equity securities is higher than their fair value:

by the amount of the recorded positive or negative adjustment to the fair value of equity securities:

37. When an issuer pays dividends on equity securities accounted for at fair value through profit or loss, or accounted for at fair value through other comprehensive income, the following accounting entry is made:

Dt 1030 Cash on current accounts Kt 1270 01 Accrued income in the form of interest on purchased securities.

38. When an issuer sells or repurchases equity securities accounted for at fair value through profit or loss, or accounted for at fair value through other comprehensive income, after revaluation of equity securities at fair value, in accordance with paragraph 36 of the Instructions, the following accounting entries are made:

the amount of the accumulated positive revaluation at fair value of equity securities accounted for at fair value through profit or loss, or accounted for at fair value through other comprehensive income:

Dt 1120 01 Short-term financial assets accounted for at fair value through other comprehensive income 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income Kt 1120 04 Positive adjustment to the fair value of short-term financial assets assets at fair value through profit or loss 1140 04 Positive adjustment to the fair value of financial assets at fair value through other comprehensive income 2030 04 Positive adjustment to the fair value of long-lived financial assets at fair value through other comprehensive income;

2) the amount of accumulated negative revaluation at fair value of equity securities accounted for at fair value through profit or loss, or accounted for at fair value through other comprehensive income:

Dt 1120 05 Negative adjustment to the fair value of short-term financial assets accounted for at fair value through profit or loss 1140 05 Negative adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 05 Negative adjustment to the fair value of long-term financial assets accounted for at fair value through other comprehensive income Kt 1120 01 Short-term financial assets at fair value through profit or loss 1140 01 Short-term financial assets at fair value through other comprehensive income 2030 01 Long-term financial assets at fair value through other comprehensive income;

3) for the amount of a concluded transaction for the sale of equity securities accounted for at fair value, changes in which are recognized in profit or loss, or accounted for at fair value through other comprehensive income:

Dt 1030 Cash on current accounts Kt 1120 01 Short-term financial assets accounted for at fair value through other comprehensive income 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income;

4) if the amount of a concluded transaction for the sale of equity securities accounted for at fair value through profit or loss, or accounted for at fair value through other comprehensive income, exceeds their carrying amount by the amount of the difference:

Dt 1030 Cash on current accounts Kt 6280 09 Income from the purchase and sale of securities;

5) if the book value of equity securities accounted for at fair value through profit or loss, or accounted for at fair value through other comprehensive income, exceeds the amount of the concluded transaction for their sale, by the amount of the difference:

6) the amount of income from revaluation of the fair value of equity securities accounted for at fair value through other comprehensive income:

Dt 5440 Reserve for revaluation of financial assets accounted for at fair value through other comprehensive income Kt 5610 Retained earnings (uncovered loss) of the reporting year;

7) for the amount of expenses from revaluation of the fair value of equity securities accounted for at fair value through other comprehensive income:

Dt 5610 Retained earnings (uncovered loss) of the reporting year Kt 5440 Reserve for revaluation of financial assets accounted for at fair value through other comprehensive income.

Paragraph 6. Accounting for reclassification of acquired securities by category

39. When reclassifying securities from the categories “securities accounted for at fair value through other comprehensive income” and “securities assessed at fair value, changes in which are reflected in profit or loss” into the category “securities accounted for at amortized cost” after accrual of interest, amortization of the premium or discount (discount), revaluation at fair value of the reclassified securities in accordance with paragraphs 6, 7, 9, 14 and 15 of the Instructions, the following accounting entries are made:

for the nominal value of securities:

Dt 1130 01 Short-term financial assets accounted for at amortized cost 2020 01 Long-term financial assets accounted for at amortized cost; Kt 1120 01 Short-term financial assets measured at fair value, changes in which are recognized in profit or loss 2030 01 Long-term financial assets measured at fair value through other comprehensive income;

2) for the amount of accrued interest on securities:

Dt 1270 01 Accrued income in the form of remuneration on acquired securities 1270 04 Remuneration accrued by previous holders on securities Kt 1270 01 Accrued income in the form of remuneration on acquired securities 1270 04 Remuneration accrued by previous holders on securities;

3) for the amount of unamortized premium:

Dt 1130 03 Premium on acquired short-term financial assets accounted for at amortized cost 2020 03 Premium for acquired long-term financial assets accounted for at amortized cost Kt 1120 03 Premium for acquired short-term financial assets measured at fair value through profit or loss 1140 03 Premium on acquired financial assets accounted for at fair value through other comprehensive income 2030 03 Premium on acquired long-term financial assets accounted for at fair value through other comprehensive income;

4) for the amount of unamortized discount (discount):

Dt 1120 02 Discount on acquired short-term financial assets measured at fair value through profit or loss 1140 02 Discount on acquired financial assets accounted for at fair value through other comprehensive income 2030 02 Discount on acquired long-term financial assets accounted for at fair value through other comprehensive income Kt 1130 02 Discount on acquired short-term financial assets accounted for at amortized cost 2020 02 Discount for acquired long-term financial assets accounted for at amortized cost;

5) for the amount of positive revaluation of securities at fair value:

Dt 1130 03 Premium on acquired short-term financial assets accounted for at amortized cost 2020 03 Premium for acquired long-term financial assets accounted for at amortized cost Kt 1120 04 Positive adjustment to the fair value of short-term financial assets measured at fair value, changes in which are recognized in profit or loss;

6) for the amount of negative revaluation of debt and equity securities at fair value:

Dt 1120 05 Negative adjustment to the fair value of short-term financial assets measured at fair value through profit or loss Kt 1130 02 Discount on acquired short-term financial assets accounted for at amortized cost 2020 02 Discount on acquired long-term financial assets accounted for at amortized cost;

simultaneously,

Dt 5440 Revaluation reserve for financial assets accounted for at fair value through other comprehensive income Kt 1140 04 Positive adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income Dt 1120 05 Negative adjustment to the fair value of short-term financial assets measured at fair value through profit or loss Kt 5440 Revaluation reserve for financial assets carried at fair value through other comprehensive income.

40. When reclassifying securities from the categories “securities accounted for at amortized cost” into the category “securities accounted for at fair value through other comprehensive income” and “securities assessed at fair value, changes in which are reflected in profit or loss” after accrual of interest, amortization of the premium or discount (discount) of the reclassified securities in accordance with paragraphs 21 and 22 of the Instructions, the following accounting entries:

for the nominal value of debt securities:

Dt 1120 01 Short-term financial assets measured at fair value through profit or loss 1140 01 Short-term financial assets measured at fair value through other comprehensive income 2030 01 Long-term financial assets measured at fair value through other comprehensive income; Kt 1130 01 Short-term financial assets accounted for at amortized cost 2020 01 Long-term financial assets accounted for at amortized cost;

2) for the amount of accrued interest on debt securities:

3) for the amount of unamortized premium:

Dt 1120 03 Premium on acquired short-term financial assets measured at fair value through profit or loss 1140 03 Premium on acquired financial assets accounted for at fair value through other comprehensive income 2030 03 Premium on acquired long-term financial assets accounted for at fair value through other comprehensive income; Kt 1130 03 Premium on acquired short-term financial assets accounted for at amortized cost 2020 03 Premium for acquired long-term financial assets accounted for at amortized cost;

4) for the amount of unamortized discount (discount):

Dt 1130 02 Discount on acquired short-term financial assets accounted for at amortized cost 2020 02 Discount for acquired long-term financial assets accounted for at amortized cost; Kt 1120 02 Discount on acquired short-term financial assets measured at fair value, changes in which are recognized in profit or loss 1140 02 Discount on acquired financial assets accounted for at fair value through other comprehensive income 2030 02 Discount on acquired long-term financial assets accounted for at fair value through other comprehensive income;

5) for the amount of positive revaluation of debt and equity securities at fair value:

Dt 1120 04 Positive adjustment to the fair value of short-term financial assets measured at fair value through profit or loss; 1140 04 Positive adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 04 Positive adjustment to the fair value of long-term financial assets accounted for at fair value through other comprehensive income Kt 6150 01 Income from changes in the value of securities accounted for at fair value through profit or loss 5440 Provision for revaluation of financial assets accounted for at fair value through other comprehensive income;

6) for the amount of negative revaluation of debt and equity securities at fair value:

Dt 7470 03 Expenses from changes in the value of securities accounted for at fair value, changes in which are reflected in profit or loss 5440 Revaluation reserve for financial assets accounted for at fair value through other comprehensive income; Kt 1120 05 Negative adjustment to the fair value of short-term financial assets measured at fair value through profit or loss 1140 05 Negative adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 05 Negative adjustment to the fair value of long-term financial assets accounted for at fair value through other comprehensive income.

41. When reclassifying securities from the category “securities accounted for at fair value through other comprehensive income” into the category “securities assessed at fair value, changes in which are reflected in profit or loss” after accrual of interest, amortization of premium or discount (discount), revaluation at fair value of reclassified debt securities in accordance with paragraphs 14 and 15 of the Instructions, the following accounting entries are made:

for the par value of securities and the book value of equity securities:

Dt 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income Kt 1120 01 Short-term financial assets measured at fair value, changes in which are recognized in profit or loss;

2) for the amount of accrued interest on debt securities:

3) for the amount of unamortized premium:

Dt 1120 03 Premium on acquired short-term financial assets measured at fair value through profit or loss Kt 1140 03 Premium on acquired financial assets accounted for at fair value through other comprehensive income 2030 03 Premium on acquired long-term financial assets accounted for at fair value through other comprehensive income;

4) for the amount of unamortized discount (discount):

Dt 1140 02 Discount on acquired financial assets accounted for at fair value through other comprehensive income 2030 02 Discount on acquired long-term financial assets accounted for at fair value through other comprehensive income; Kt 1120 02 Discount on acquired short-term financial assets measured at fair value, changes in which are recognized in profit or loss;

5) for the amount of positive revaluation of debt securities at fair value:

Dt 1120 04 Positive adjustment to the fair value of short-term financial assets measured at fair value through profit or loss; Kt 1140 04 Positive adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 04 Positive adjustment to the fair value of long-term financial assets accounted for at fair value through other comprehensive income;

6) for the amount of negative revaluation of debt securities at fair value:

Dt 1140 05 Negative adjustment to the fair value of financial assets accounted for at fair value through other comprehensive income 2030 05 Negative adjustment to the fair value of long-term financial assets accounted for at fair value through other comprehensive income Kt 1120 05 Negative adjustment to the fair value of short-term financial assets measured at fair value through profit or loss.

42. For the amount of income or expenses previously recorded on balance sheet account 5440 “Reserve for revaluation of financial assets accounted for at fair value through other comprehensive income,” the following accounting entries are made:

if there is a positive difference:

2) if there is a negative difference:

Paragraph 7. Accounting for impairment of acquired securities carried at fair value through other comprehensive income and securities carried at amortized cost

43. At each reporting date, when creating (increasing) reserves (provisions) for expected credit losses, the following accounting entry is made:

Dt 7440 01 Expenses for the formation of reserves (provisions) for securities accounted for at fair value through other comprehensive income and accounted for at amortized cost Kt 1290 23 Reserves (provisions) for financial assets accounted for at amortized cost 5480 Estimated reserves (provisions) for expected and actual credit losses on securities, accounted for at fair value through other comprehensive income.

44. When reducing (cancelling) reserves (provisions) for expected credit losses for securities accounted for at fair value through other comprehensive income and securities accounted for at amortized cost, the following accounting entry is made:

Dt 1290 23 Reserves (provisions) for financial assets accounted for at amortized cost 5480 Estimated reserves (provisions) for expected and actual credit losses for securities accounted for at fair value through other comprehensive income Kt 6240 01 Income from the restoration (cancellation) of reserves (provisions) created for securities accounted for at fair value through other comprehensive income and carried at amortized cost.

45. When securities accounted for at amortized cost are written off from the balance sheet at the expense of created reserves (provisions), the following accounting entry is made:

Dt 1290 23 Reserves (provisions) for financial assets accounted for at amortized cost Kt 1130 01 Short-term financial assets accounted for at amortized cost 2020 01 Long-term financial assets accounted for at amortized cost.

46. When the issuer redeems securities accounted for at amortized cost written off from the balance sheet from reserves (provisions) created in previous periods, the following accounting entry is made:

Dt 1030 Cash on current accounts Kt 6240 01 Income from the restoration (cancellation) of reserves (provisions) created for securities accounted for at fair value through other comprehensive income and accounted for at amortized cost.

Chapter 3. Accounting for REPO and reverse REPO transactions

47. When performing a REPO transaction (when selling securities), the following accounting entry is made for the transaction amount:

Dt 1030 Cash on current accounts Kt 3050 03 REPO transactions with securities.

48. When accruing expenses in the form of remuneration for a repo transaction, the following accounting entry is made:

Dt 7310 04 Expenses associated with the payment of remuneration on REPO transactions with securities Kt 3380 02 Accrued expenses in the form of remuneration on REPO transactions with securities.

49. Upon receipt of previously transferred securities under a repo transaction, the following accounting entry is made for the amount of accrued expenses in the form of remuneration under the repo transaction and the amount of closing the repo transaction (the amount of closing the transaction established at the time of concluding this transaction):

Dt 3050 03 REPO transactions with securities 3380 02 Accrued expenses in the form of remuneration for REPO transactions with securities Kt 1030 Cash on current accounts.

50. When performing a reverse repo transaction (when purchasing securities), the following accounting entry is made for the transaction amount:

Dt 1150 01 “Reverse REPO” operations with securities Kt 1030 Cash in current accounts.

51. When accruing interest during the period of a reverse repo transaction, the following accounting entry is made:

Dt 1270 02 Accrued income in the form of interest on reverse repo transactions with securities Kt 6110 04 Income associated with receiving interest on reverse repo transactions with securities.

52. When the receiving party sells securities accepted under a reverse repo transaction as collateral, the following accounting entry is made:

Dt 1030 Cash on current accounts Kt 3050 07 Obligation to return securities accepted under the REPO transaction.

53. Upon receipt from the issuer of remuneration for securities accepted under a reverse repo transaction as collateral, the following accounting entry is made:

Dt 1030 Cash on current accounts Kt 1270 02 Accrued income in the form of interest on reverse repo transactions with securities.

54. When revaluing the obligation to return securities accepted under a reverse repo transaction as collateral, the following accounting entries are made:

by the amount of negative adjustment to the value of the liability:

Dt 7470 11 Expenses from revaluation of the obligation to return securities accepted under reverse repo transactions Kt 3050 07 Obligation to return securities accepted under the repo operation;

by the amount of positive adjustment to the value of the liability:

Dt 3050 07 Obligation to return securities accepted under the "repo" transaction Kt 6280 10 Income from the revaluation of the obligation to return securities accepted under the "reverse repo" operation.

55. When transferring previously received securities under a reverse repo transaction for the amount of accrued interest under the reverse repo transaction and the amount of closing the reverse repo transaction (the amount of closing the transaction established at the time of concluding this transaction), the following accounting entry is made:

Dt 1030 Cash on current accounts Kt 1150 01 Reverse REPO transactions with securities 1270 02 Accrued income in the form of interest on reverse REPO transactions with securities.

Chapter 4. Accounting for purchase and sale transactions of refined precious metals

56. When purchasing refined precious metals, the following accounting entry is made at the cost of acquisition, taking into account the costs of the transaction:

Dt 1370 Refined precious metals 1380 Refined precious metals in transit 1150 09 Refined precious metals placed on metal accounts Kt 1030 Cash on current accounts.

57. If acquired refined precious metals are revalued at fair value in accordance with the accounting policies of the organization, the following accounting entries are made:

if the fair value of refined precious metals is higher than their book value:

Dt 1370 Refined precious metals 1380 Refined precious metals in transit 1150 09 Refined precious metals placed on metal accounts Kt 6280 05 Income from the revaluation of refined precious metals;

2) if the book value of refined precious metals is higher than their fair value:

Dt 7470 07 Expenses from revaluation of refined precious metals Kt 1370 Refined precious metals 1380 Refined precious metals in transit 1150 09 Refined precious metals placed on metal accounts.

58. When selling refined precious metals after revaluation at fair value in accordance with paragraph 51 of the Instructions, the following accounting entries are made:

for the amount of write-off of refined precious metals:

Dt 7470 01 Book value of refined precious metals Kt 1370 Refined precious metals 1380 Refined precious metals in transit 1150 09 Refined precious metals placed on metal accounts;

2) for the amount of the concluded transaction for the sale of refined precious metals:

Dt 1010 Cash on hand Kt 6280 01 Income from the sale of refined precious metals.

Chapter 5. Accounting for dealing transactions with foreign currency

Paragraph 1. Accounting for spot transactions for the purchase of foreign currency by the date of the transaction

59. On the day of concluding a spot transaction for the purchase of foreign currency, the following accounting entries are made:

for the amount of claims in foreign currency and for the amount of liabilities in tenge at the purchase rate:

Dt 1280 05 Requirements for a spot transaction Kt 3390 04 Liabilities for a spot transaction;

At the same time, the following accounting entries are made for the difference arising when the foreign currency purchase rate differs from the discount rate:

when the foreign currency purchase rate exceeds the discount rate:

Dt 7470 02 Expenses for the purchase and sale of foreign currency Kt 1280 05 Requirements for a spot transaction

when the discount rate exceeds the foreign currency purchase rate:

Dt 1280 05 Requirements for a spot transaction Kt 6280 02 Income from the purchase and sale of foreign currency.

60. When revaluing a spot transaction for the purchase of foreign currency at the market exchange rate with the frequency established by the bank’s accounting policies, the following accounting entries are made:

by the amount of negative exchange rate difference in the change in the market exchange rate:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 1280 05 Requirements for a spot transaction;

2) by the amount of the positive exchange rate difference in the change in the market exchange rate:

Dt 1280 05 Requirements for spot transaction Kt 6250 02 Income from revaluation of foreign currency.

61. On the value date of a spot transaction for the purchase of foreign currency, after revaluation in accordance with paragraph 8 of the Instructions, the following accounting entries are made:

for the amount in tenge transferred for the purchase of foreign currency:

Dt 3390 04 Liabilities under a spot transaction Kt 1030 Cash in current accounts;

2) for the amount of purchased foreign currency:

Dt 1030 Cash on current accounts Kt 1280 05 Requirements for a spot transaction.

Paragraph 2. Accounting for spot transactions for the purchase of foreign currency by settlement date

62. On the day of concluding a spot transaction for the purchase of foreign currency for the amount of contingent claims in foreign currency and for the amount of contingent liabilities in tenge, the following accounting entry is made:

Dt 8300 13 Contingent requirements for the purchase and sale of foreign currency Kt 8600 13 Contingent obligations for the purchase and sale of foreign currency.

63. When revaluing a spot transaction for the purchase of foreign currency at the market exchange rate with the frequency established by the bank’s accounting policy, the following accounting entries are made:

by the amount of negative exchange rate difference in the change in the market exchange rate:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 3390 04 Liabilities under a spot transaction;

2) by the amount of the positive exchange rate difference in the change in the market exchange rate:

Dt 1280 05 Requirements for spot transaction Kt 6250 02 Income from revaluation of foreign currency;

3) for the amount of the smallest balance for positive and negative changes in the market exchange rate:

Dt 3390 04 Obligations under the spot transaction Kt 1280 05 Requirements under the spot transaction.

64. As of the value date of a spot transaction for the purchase of foreign currency, the following accounting entries are made:

for the amount of contingent liabilities and claims for the purchase of foreign currency:

Dt 8600 13 Contingent obligations for the purchase and sale of foreign currency. Kt 8300 13 Conditional requirements for the purchase and sale of foreign currency;

2) for the amount in tenge and foreign currency:

Dt 1030 Cash on current accounts 3390 04 Liabilities under a spot transaction Kt 1030 Cash on current accounts 1280 05 Requirements under a spot transaction;

3) if the foreign currency purchase rate exceeds the discount rate:

Dt 7470 02 Expenses for the purchase and sale of foreign currency Kt 3390 04 Liabilities under a spot transaction;

4) if the discount rate exceeds the foreign currency purchase rate:

Dt 1280 05 Requirements for a spot transaction Kt 6280 02 Income from the purchase and sale of foreign currency;

5) reversal of previously carried out revaluation:

Dt 3390 04 Liabilities under the spot transaction Kt 7430 02 Expenses from revaluation of foreign currency;

Dt 6250 02 Income from revaluation of foreign currency Kt 1280 05 Requirements for a spot transaction.

Paragraph 3. Accounting for spot transactions for the sale of foreign currency by the date of the transaction

65. On the day of concluding a spot transaction for the sale of foreign currency for the amount of claims and obligations at the sales rate, the following accounting entries are made:

for the amount of liabilities in foreign currency and for the amount of claims in tenge:

Dt 1280 05 Requirements for a spot transaction Kt 3390 04 Liabilities for a spot transaction;

At the same time, the following accounting entries are made for the difference arising when the foreign currency sales rate differs from the accounting rate:

when the discount rate exceeds the foreign currency sales rate:

Dt 7470 02 Expenses for the purchase and sale of foreign currency Kt 3390 04 Liabilities under a spot transaction;

when the foreign currency sales rate exceeds the discount rate:

Dt 3390 04 Liabilities under a spot transaction Kt 6280 02 Income from the purchase and sale of foreign currency.

66. When revaluing a spot transaction for the sale of foreign currency at the market exchange rate with the frequency established by the bank’s accounting policies, the following accounting entries are made:

by the amount of negative exchange rate difference in the change in the market exchange rate:

Dt 3390 04 Liabilities under a spot transaction Kt 6250 02 Income from revaluation of foreign currency;

2) by the amount of the positive exchange rate difference in the change in the market exchange rate:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 3390 04 Liabilities under a spot transaction.

67. On the value date of a spot transaction for the sale of foreign currency, after revaluation in accordance with paragraph 14 of the Instructions, the following accounting entries are made:

for the amount of foreign currency sold:

Dt 3390 04 Liabilities under a spot transaction Kt 1030 Cash in current accounts;

2) for the amount in tenge received for the sale of foreign currency:

Dt 1030 Cash on current accounts Kt 1280 05 Requirements for a spot transaction.

Paragraph 4. Accounting for spot transactions for the sale of foreign currency by settlement date

68. On the day of concluding a spot transaction for the sale of foreign currency for the amount of contingent liabilities and contingent claims, the following accounting entry is made:

Dt 8300 13 Contingent requirements for the purchase and sale of foreign currency Kt 8600 13 Contingent obligations for the purchase and sale of foreign currency.

69. When revaluing a spot transaction for the sale of foreign currency at the market exchange rate with the frequency established by the bank’s accounting policies, the following accounting entries are made:

by the amount of negative exchange rate difference in the change in the market exchange rate:

Dt 1280 05 Requirements for spot transaction Kt 6250 02 Income from revaluation of foreign currency;

2) by the amount of the positive exchange rate difference in the change in the market exchange rate:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 3390 04 Liabilities under a spot transaction;

3) for the amount of the smallest balance for positive and negative changes in the market exchange rate:

Dt 3390 04 Obligations under the spot transaction Kt 1280 05 Requirements under the spot transaction.

70. As of the value date of a spot transaction for the sale of foreign currency, the following accounting entries are made:

for the amount of contingent liabilities and contingent claims for the sale of foreign currency:

Dt 8600 13 Contingent obligations for the purchase and sale of foreign currency Kt 8300 13 Contingent requirements for the purchase and sale of foreign currency;

2) for the amount in foreign currency and tenge, as well as for the amount of revaluation of foreign currency:

Dt 1030 Cash on current accounts Kt 1030 Cash on current accounts;

3) if the discount rate exceeds the foreign currency sales rate:

Dt 7470 02 Expenses for the purchase and sale of foreign currency Kt 3390 04 Liabilities under a spot transaction;

4) if the foreign currency sales rate exceeds the discount rate:

Dt 1280 05 Requirements for a spot transaction Kt 6280 02 Income from the purchase and sale of foreign currency;

5) reversal of previously carried out revaluation:

Dt 3390 04 Liabilities under the spot transaction Kt 7430 02 Expenses from revaluation of foreign currency;

Dt 6250 02 Income from revaluation of foreign currency Kt 1280 05 Requirements for a spot transaction.

Chapter 6. Accounting for deposits

71. When placing money on deposit in second-tier banks and organizations carrying out certain types of banking operations, the following accounting entries are made:

for the deposit amount:

2) in the event of a premium or discount (rebate):

by the amount of discount (discount):

for the amount of the premium:

Dt 1150 12 Premium on placed short-term deposits 2040 09 Premium on placed long-term deposits Kt 1030 Cash in current accounts.

72. When calculating interest on deposits and revaluing deposits, the value of which is expressed in foreign currency, at the exchange rate in accordance with the accounting policies of the organization, the following accounting entries are made:

when calculating remuneration:

Dt 1270 22 Accrued income in the form of interest on demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 23 Accrued income in the form of interest on time deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 24 Accrued income in the form of interest on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations certain types of banking operations 1270 30 Accrued income in the form of interest on savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations Kt 6110 29 Income associated with receiving interest on demand deposits 6110 30 Income associated with receiving interest on time deposits 6110 31 Income associated with receiving interest on conditional deposits; 6110 35 Income related to receiving remuneration on savings deposits;

2) by the amount of positive exchange rate difference:

Dt 1150 02 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night 1150 03 Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 04 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 05 Short-term conditional deposits placed in second-tier banks and organizations engaged in certain types of banking operations 1150 06 Short-term savings deposits placed in second-tier banks and organizations engaged in certain types of banking operations (up to one year) 1150 11 Discount on placed short-term deposits 1150 12 Premium on placed short-term deposits 1270 22 Accrued income in the form of interest on demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 23 Accrued income in the form of interest on time deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 24 Accrued income in the form of interest on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 30 Accrued income in the form of interest on savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 01 Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 02 Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 03 Long-term savings deposits placed in second-tier banks and organizations engaged in certain types of banking operations 2040 08 Discount on placed long-term deposits 2040 09 Premium on placed long-term deposits Kt 6250 02 Income from revaluation of foreign currency;

3) for the amount of negative exchange rate difference:

Dt 7430 02 Expenses from revaluation of foreign currency Kt 1150 02 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night 1150 03 Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 04 Short-term deposits placed in banks second-tier and organizations carrying out certain types of banking operations 1150 05 Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 06 Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (up to one year) 1150 11 Discount on placed short-term deposits 1150 12 Premium on placed short-term deposits 1270 22 Accrued income in the form of interest on demand deposits placed with second-tier banks and organizations carrying out certain types of banking operations 1270 23 Accrued income in the form of interest on time deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 24 Accrued income in the form of interest on conditional deposits placed in banks second-tier banks and organizations carrying out certain types of banking operations 1270 30 Accrued income in the form of remuneration on savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 01 Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 02 Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 03 Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 08 Discount on placed long-term deposits 2040 09 Premium on placed long-term deposits.

73. If the bank deposit agreement provides for capitalization of the amount of accrued interest, the following accounting entry is made for the amount of accrued (accumulated) interest:

Dt 1150 02 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night 1150 03 Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 04 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 05 Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 06 Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (up to one year) 2040 01 Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 02 Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 03 Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations Kt 1270 22 Accrued income in the form of interest on demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 23 Accrued income in the form interest on time deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 24 Accrued income in the form of interest on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 30 Accrued income in the form of interest on savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

74. When amortizing a discount (discount) or premium on deposits, the following accounting entries are made:

for the amount of amortization of the discount (discount) in tenge:

Dt 1150 11 Discount on placed short-term deposits 2040 08 Discount on placed long-term deposits Kt 6110 05 Income from amortization of discount on placed deposits;

2) for the amount of the premium:

Dt 7310 10 Expenses for depreciation of premium on placed deposits Kt 1150 12 Premium on placed short-term deposits 2040 09 Premium on placed long-term deposits.

75. Upon actual receipt of interest on the deposit, the following accounting entries are made:

for the amount of accrued remuneration:

Dt 1030 Cash on current accounts Kt 1270 22 Accrued income in the form of interest on demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 23 Accrued income in the form of interest on time deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 24 Accrued income in the form of interest on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1270 30 Accrued income in the form of remuneration on savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

76. When repaying the principal amount of debt on a placed deposit, the following accounting entries are made:

Dt 1030 Cash on current accounts Kt 1150 02 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night 1150 03 Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 04 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 05 Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 06 Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (up to one year) 2040 01 Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations operations 2040 02 Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 03 Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

77. At each reporting date, when creating (increasing) reserves (provisions) for expected credit losses, the following accounting entries are made:

for the amount of created reserves (provisions) for expected credit losses:

Dt 7440 02 Expenses for the formation of reserves (provisions) for placed deposits Kt 1290 24 Reserves (provisions) for deposits placed in second-tier banks and organizations carrying out certain types of banking operations;

2) when reversing formed reserves (provisions) for expected credit losses:

Dt 1290 24 Reserves (provisions) for deposits placed in second-tier banks and organizations carrying out certain types of banking operations Kt 6240 02 Income from the restoration (cancellation) of reserves (provisions) created for deposits placed in second-tier banks and organizations carrying out certain types of banking operations;

3) when writing off deposits from the balance sheet at the expense of created reserves (provisions):

Dt 1290 24 Reserves (provisions) for deposits placed in second-tier banks and organizations carrying out certain types of banking operations Kt 1150 02 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night 1150 03 Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 04 Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 05 Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 1150 06 Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (up to one year) 2040 01 Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 02 Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations 2040 03 Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

Chapter 7. Accounting for transactions with derivative instruments

Paragraph 1. Accounting for forward transactions

78. When carrying out a transaction with a derivative instrument, where the buyer (seller) undertakes an obligation, after a certain period, to buy (sell) the underlying asset on agreed terms in the future (hereinafter referred to as forward), the following accounting entry is made:

Dt 8300 01 Contingent requirements for the purchase of financial assets Kt 8600 01 Contingent obligations for the sale of financial assets.

79. When revaluing a forward with the frequency established by the accounting policy of the organization, the following accounting entries are made:

by the amount of positive change in the fair value of the forward:

Dt 1280 03 Requirements for a forward transaction 2180 02 Requirements for a forward transaction Kt 6290 10 Income from forward transactions;

2) by the amount of negative change in the fair value of the forward:

Dt 7480 10 Expenses on forward transactions Kt 3390 02 Liabilities under a forward transaction 4170 02 Liabilities under a forward transaction;

3) by the amount of the recorded positive and (or) negative adjustment to the fair value of the forward:

Dt 3390 02 Obligations under the forward transaction 4170 02 Obligations under the forward transaction Kt 1280 03 Requirements under the forward transaction 2180 02 Requirements under the forward transaction.

80. As of the forward execution date, the following accounting entries are made:

when transferring money by an organization in case of settlements, on a net basis:

Dt 3390 02 Liabilities under a forward transaction 4170 02 Liabilities under a forward transaction Kt 1030 Cash in current accounts;

2) when receiving money from a counterparty in the case of settlements, on a net basis:

Dt 1030 Cash on current accounts Kt 1280 03 Requirements for a forward transaction 2180 02 Requirements for a forward transaction;

3) when purchasing the underlying asset in accordance with the terms of the forward, for the cost of the acquired underlying asset:

Dt 1120 01 Short-term financial assets accounted for at fair value through other comprehensive income 1130 01 Short-term financial assets accounted for at amortized cost 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 1150 09 Refined precious metals placed in metal accounts 2020 01 Long-term financial assets accounted for at amortized cost 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income 3390 02 Liabilities under a forward transaction 4170 02 Liabilities under a forward transaction Kt 1030 Cash on current accounts 1280 03 Claims under a transaction forward 2180 02 Requirements for the forward transaction;

4) when selling the underlying asset in accordance with the terms of the forward, for the cost of the underlying asset being sold:

Dt 1030 Cash on current accounts 3390 02 Liabilities under a forward transaction 4170 02 Liabilities under a forward transaction Kt 1120 01 Short-term financial assets accounted for at fair value through profit or loss 1130 01 Short-term financial assets accounted for at amortized cost 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 1150 09 Refined precious metals placed in metal accounts 1280 03 Requirements for a forward transaction 2020 01 Long-term financial assets accounted for at amortized cost 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income" 2180 02 Requirements for a forward transaction;

5) for the amount of contingent claims and contingent liabilities:

Dt 8600 01 Contingent obligations for the sale of financial assets Kt 8300 01 Contingent requirements for the purchase of financial assets.

Paragraph 2. Accounting for futures transactions

81. When carrying out a transaction with a derivative instrument, where the buyer (seller) undertakes to buy (sell) the underlying asset after a certain period of time in accordance with the standard conditions established on the organized market (hereinafter referred to as futures), the following accounting entries are made:

for the amount of conditional claims and obligations to purchase futures:

Dt 8300 02 Contingent requirements for the purchase of financial futures Kt 8600 02 Contingent obligations for the purchase of financial futures;

2) for the amount of contingent claims and obligations to sell futures:

Dt 8300 03 Contingent obligations for the sale of financial futures Kt 8600 03 Contingent obligations for the sale of financial futures.

82. When paying margin on a futures contract, the following accounting entry is made:

Dt 1610 02 Settlements with brokers Kt 1030 Cash in current accounts.

83. When paying a commission to a broker for concluding a futures contract, the following accounting entry is made:

Dt 7470 82 Commission expenses for brokerage and dealer services Kt 1030 Cash in current accounts.

84. When paying additional margin on a futures or writing off the permissible amount of the registered margin on a futures, the following accounting entries are made:

for the amount of margin additionally paid by the organization:

Dt 1610 02 Settlements with brokers Kt 1030 Cash in current accounts;

2) when writing off the permissible registered margin:

Dt 1030 Cash on current accounts Kt 1610 02 Settlements with brokers.

85. When revaluing futures for the purchase and (or) sale of the underlying asset at fair value with the frequency established by the accounting policy of the organization, the following accounting entries are made:

by the amount of positive change in the fair value of the futures:

Dt 1280 02 Requirements for a futures transaction 2180 01 Requirements for a futures transaction Kt 6290 09 Income from futures transactions;

2) by the amount of negative change in the fair value of the futures:

Dt 7480 09 Expenses on futures transactions Kt 3390 01 Obligations on a futures transaction 4170 01 Obligations on a futures transaction;

3) by the amount of the recorded positive and (or) negative adjustment to the fair value of the futures:

Dt 3390 01 Obligations under the futures transaction 4170 01 Obligations under the futures transaction Kt 1280 02 Requirements under the futures transaction 2180 01 Requirements under the futures transaction.

86. On the date of closing an open futures position, in the event of repayment of the futures value (closing of an open position) in cash on a net basis, the following accounting entries are made:

when an organization redeems a futures contract on a net basis:

Dt 3390 01 Obligations under a futures transaction 4170 01 Obligations under a futures transaction Kt 1610 02 Settlements with brokers;

2) when the counterparty redeems the futures on a net basis:

Dt 1610 02 Settlements with brokers Kt 1280 02 Requirements for a futures transaction 2180 01 Requirements for a futures transaction;

3) for the amount of conditional claims and obligations to purchase futures:

Dt 8600 02 Contingent obligations for the purchase of financial futures Kt 8300 02 Contingent requirements for the purchase of financial futures;

4) for the amount of contingent claims and obligations to sell futures:

Dt 8600 03 Contingent obligations for the sale of financial futures Kt 8300 03 Contingent obligations for the sale of financial futures.

Paragraph 3. Accounting for option transactions

87. When carrying out a transaction with a derivative instrument, according to which one party buys from the other party the right to buy or sell an underlying asset at an agreed price on agreed terms in the future (hereinafter referred to as a purchased call or put option), the following accounting entries are made:

for the amount of conditional claims:

Dt 8300 06 Purchased transactions of call option 8300 07 Purchased transactions of put option Kt 8600 06 Purchased transactions of call option - contra account 8600 07 Purchased transactions of put option - contra account;

2) for the amount of the premium paid on the purchased call or put option:

Dt 1280 04 Requirements for the option transaction 2180 03 Requirements for the option transaction Kt 1030 Cash in current accounts.

88. When revaluing an acquired call or put option at fair value with the frequency established by the organization’s accounting policy, as well as on the date of closing the option, the following accounting entries are made:

by the amount of positive change in the fair value of the acquired option:

Dt 1280 04 Requirements for an option transaction 2180 03 Requirements for an option transaction Kt 6290 11 Income from option transactions;

2) by the amount of negative change in the fair value of the acquired option:

Dt 7480 11 Expenses for option transactions Kt 1280 04 Requirements for option transaction 2180 03 Requirements for option transaction.

89. On the date of closing an open position or exercising a purchased call or put option, the following accounting entries are made:

for the amount of contingent claims and contingent liabilities under the terms of the purchased call or put option:

Dt 8600 06 Purchased call option transactions - contra account 8600 07 Purchased put option transactions - counter account Kt 8300 06 Purchased call option transactions; 8300 07 Purchased put option transactions;

2) when the counterparty repays the cost of a call or put option (closing an open position) with money:

Dt 1030 Cash on current accounts Kt 1280 04 Requirements for an option transaction 2180 03 Requirements for an option transaction;

3) when purchasing the underlying asset in accordance with the terms of the purchased call option on the cost of the acquired assets:

Dt 1120 01 Short-term financial assets accounted for at fair value through other comprehensive income 1130 01 Short-term financial assets accounted for at amortized cost 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 1150 09 Refined precious metals placed in metal accounts 2020 01 Long-term financial assets accounted for at amortized cost 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income Kt 1030 Cash on current accounts 1280 04 Requirements for an option transaction 2180 03 Requirements for an option transaction;

4) when selling the underlying asset in accordance with the terms of the purchased put option on the value of the assets being sold:

Dt 1030 Cash on current accounts Kt 1130 01 Short-term financial assets accounted for at amortized cost 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 1150 09 Refined precious metals placed in metal accounts 1280 04 Requirements for the option transaction 2020 01 Long-term financial assets accounted for at amortized cost 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income 2180 03 Option transaction requirements.

90. When carrying out a transaction with a derivative instrument, according to which one party sells to the other party the right to buy or sell an underlying asset at an agreed price on agreed terms in the future (hereinafter referred to as a sold call or put option), the following accounting entries are made:

Dt 8300 08 Sold put option transactions – contra account 8300 09 Sold call option transactions – counter account Kt 8600 08 Sold put option transactions 8600 09 Sold call option transactions;

for the amount of the bonus received:

Dt 1030 Cash on current accounts Kt 3390 03 Liabilities under the option transaction 4170 03 Liabilities under the option transaction.

91. When revaluing a sold call or put option at fair value with the frequency established by the organization’s accounting policy, as well as on the date of closing the option, the following accounting entries are made:

by the amount of positive change in the fair value of the sold call or put option:

Dt 3390 03 Liabilities under an option transaction 4170 03 Liabilities under an option transaction Kt 6290 11 Income from option transactions;

2) by the amount of negative change in the fair value of the sold call or put option:

Dt 7480 11 Expenses on option transactions Kt 3390 03 Liabilities under the option transaction 4170 03 Liabilities under the option transaction.

92. On the date of closing an open position or exercising a sold call or put option, the following accounting entries are made:

for the amount of contingent claims and contingent liabilities in accordance with the terms of the sold call or put option:

Dt 8300 08 Sold put option transactions - counter account 8300 09 Sold call option transactions - counter account Kt 8600 08 Sold put option transactions; 8600 09 Call option trades sold;

2) when the counterparty repays the cost of the sold call or put option (closing an open position):

Dt 3390 03 Liabilities under the option transaction 4170 03 Liabilities under the option transaction Kt 1030 Cash on current accounts;

3) when selling the underlying asset in accordance with the terms of the sold call option on the value of the assets being sold:

Dt 1030 Cash on current accounts 3390 03 Liabilities under an option transaction 4170 03 Liabilities under an option transaction Kt 1130 01 Current financial assets accounted for at amortized cost 1140 01 Current financial assets accounted for at fair value through other comprehensive income 1150 09 Refined precious metals metals placed on metal accounts 2020 01 Long-term financial assets recorded at amortized cost 2030 01 Long-term financial assets recorded at fair value through other comprehensive income;

4) when purchasing the underlying asset in accordance with the terms of the sold put option on the value of the acquired assets:

Dt 1130 01 Short-term financial assets accounted for at amortized cost 1140 01 Short-term financial assets accounted for at fair value through other comprehensive income 1150 09 Refined precious metals placed in metal accounts 2020 01 Long-term financial assets accounted for at amortized cost 2030 01 Long-term financial assets accounted for at fair value through other comprehensive income 3390 03 Liabilities under an option transaction 4170 03 Liabilities under an option transaction Kt 1030 Cash on current accounts.

Paragraph 4. Accounting for currency swap transactions

93. When carrying out a transaction with a derivative instrument, in accordance with which an agreement is concluded to exchange one currency for another currency within a predetermined period (hereinafter referred to as a currency swap), the following accounting entry is made:

Dt 1280 06 Requirements for the swap transaction Kt 3390 05 Obligations for the swap transaction;

and, at the same time, the amounts of contingent claims and obligations for reverse currency exchange are reflected in off-balance sheet accounting:

Дт 8300 12 Contingent claims on other derivative financial instruments Кт 8600 12 Contingent liabilities on other derivative financial instruments.

94. As of the currency swap value date, the following accounting entries are made:

for the amount of currency received:

Dt 1030 Cash on current accounts Kt 1280 06 Requirements for a swap transaction;

2) for the amount of transferred currency:

Dt 3390 05 Obligations under the swap transaction Kt 1030 Cash in current accounts.

95. When revaluing a currency swap at fair value with the frequency established by the accounting policy of the organization, the following accounting entries are made:

by the amount of positive change in fair value:

Dt 1280 06 Requirements for a swap transaction 2180 04 Requirements for a swap transaction Kt 6290 13 Income from swap transactions;

2) by the amount of negative change in fair value:

Dt 7480 13 Expenses on swap transactions Kt 3390 05 Liabilities under a swap transaction 4170 04 Liabilities under a swap transaction;

At the same time, the following accounting entry is made for the amount of the reported positive and (or) negative revaluation:

Dt 3390 05 Obligations under the swap transaction 4170 04 Obligations under the swap transaction Kt 1280 06 Requirements under the swap transaction 2180 04 Requirements under the swap transaction.

96. If the terms of a currency swap provide for the accrual and payment of interest, the following accounting entries are made:

for the amount of income:

Dt 1280 06 Requirements for a swap transaction 2180 04 Requirements for a swap transaction Kt 6110 34 Other income related to the receipt of remuneration;

2) for the amount of expenses:

Dt 7310 25 Other expenses related to the payment of interest Kt 3390 05 Obligations under the swap transaction 4170 04 Liabilities under the swap transaction.

97. When paying or receiving interest on a currency swap, the following accounting entries are made:

for the amount of remuneration received:

Dt 1030 Cash on current accounts Kt 1280 06 Requirements for a swap transaction 2180 04 Requirements for a swap transaction;

2) for the amount of remuneration paid:

Dt 3390 05 Obligations under the swap transaction 4170 04 Liabilities under the swap transaction Kt 1030 Cash in current accounts.

98. As of the value date upon closing the currency swap, the following accounting entries are made:

for the amount of contingent claims and obligations:

Dt 8600 12 Contingent liabilities on other derivative financial instruments Kt 8300 12 Contingent claims on other derivative financial instruments;

2) for the amount of currency exchanged:

with a positive currency swap value:

Dt 1030 Cash on current accounts Kt 1030 Cash on current accounts 1280 06 Requirements for a swap transaction 2180 04 Requirements for a swap transaction;

with a negative currency swap value:

Dt 1030 Cash on current accounts 3390 05 Obligations under the swap transaction 4170 04 Liabilities under the swap transaction Kt 1030 Cash on current accounts.

Paragraph 5. Accounting for interest rate swap transactions

99. When carrying out a transaction with a derivative instrument, according to which the parties exchange regular interest payments using fixed and floating interest rates, (hereinafter referred to as an interest rate swap), the following accounting entries are made:

if, under the terms of an interest rate swap, payments are provided at a floating interest rate, but the amounts are received at a fixed interest rate:

Dt 8300 04 Fixed interest rate swap Kt 8600 04 Floating interest rate swap;

2) if, under the terms of the interest rate swap, payments are provided at a fixed interest rate, but the amounts are received at a floating interest rate:

Dt 8300 05 Floating interest rate swap Kt 8600 05 Fixed interest rate swap.

100. When accruing income and expenses in the form of interest on an interest rate swap, the following accounting entries are made:

for the amount of income:

Dt 1280 06 Requirements for a swap transaction 2180 04 Requirements for a swap transaction Kt 6110 34 Other income related to the receipt of remuneration;

2) for the amount of expenses:

Dt 7310 25 Other expenses related to the payment of interest Kt 3390 05 Obligations under the swap transaction 4170 04 Liabilities under the swap transaction.

101. When revaluing an interest rate swap at fair value with the frequency established by the accounting policy of the organization, the following accounting entries are made:

by the amount of the positive difference:

Dt 1280 06 Requirements for a swap transaction 2180 04 Requirements for a swap transaction Kt 6290 13 Income from swap transactions;

2) by the amount of the negative difference:

Dt 7480 13 Expenses on swap transactions Kt 3390 05 Liabilities under a swap transaction 4170 04 Liabilities under a swap transaction;

for the amount of the recorded positive/negative adjustment to the fair value of the interest rate swap transaction:

Dt 3390 05 Obligations under the swap transaction 4170 04 Obligations under the swap transaction Kt 1280 06 Requirements under the swap transaction 2180 04 Requirements under the swap transaction.

102. On the date of periodic payments in accordance with the terms of the interest rate swap transaction, the following accounting entries are made:

for the amount of remuneration received:

Dt 1030 Cash on current accounts Kt 1280 06 Requirements for a swap transaction 2180 04 Requirements for a swap transaction;

2) for the amount of remuneration paid:

Dt 3390 05 Obligations under the swap transaction 4170 04 Liabilities under the swap transaction Kt 1030 Cash in current accounts.

103. On the expiration date of the interest rate swap transaction, the following accounting entries are made:

for the amount of contingent claims and obligations when purchasing an interest rate swap:

Dt 8300 04 Fixed interest rate swap Kt 8600 04 Floating interest rate swap;

2) for the amount of contingent claims and obligations upon the sale of an interest rate swap:

Dt 8600 05 Fixed interest rate swap Kt 8300 05 Floating interest rate swap.

Chapter 8: Hedge Accounting

104. Accounting for securities, refined precious metals, foreign currency, and deposits designated as a hedged item is carried out in accordance with Chapters 3, 5, 6 and 7 of the Instructions.

105. Accounting for derivative instruments used as hedging instruments is carried out in accordance with Chapter 8 of the Instructions, with the exception of accounting for cash flow hedges and net investment hedges, in which income and expenses from the revaluation of hedging instruments are charged to balance sheet account 5450 “Reserve for revaluation of other assets”.

Section 2. Accounting for insurance and reinsurance transactions

Chapter 9. Accounting for acquisition cash flows under insurance (reinsurance) contracts

Paragraph 1. Recognition as expenses when such expenses are incurred under the bonus distribution approach

106. When recognizing acquisition cash flows as expenses at the time acquisition costs arise in accordance with the accounting policy, the following accounting entries are made:

for the amount of prepayment of acquisition costs:

Dt 1610 01 Short-term advances issued Kt 1010 Cash on hand 1030 Cash on current accounts;

on the basis of documents confirming the fact of incurring acquisition costs:

Dt 7470 35 Acquisition expenses Kt 1610 01 Short-term advances issued;

2) when accruing acquisition costs for the amount payable:

Dt 7470 35 Acquisition expenses Kt 3390 41 Settlements with intermediaries for insurance (reinsurance) activities 3390 43 Settlements with reinsurers;

when paying acquisition costs:

Dt 3390 41 Settlements with intermediaries for insurance (reinsurance) activities 3390 43 Settlements with reinsurers Kt 1010 Cash on hand 1030 Cash on current accounts.

Paragraph 2. Distribution by groups of insurance (reinsurance) contracts

107. If acquisition cash flows are distributed among groups of insurance contracts using a systematic and rational method in accordance with accounting policies, then when paying (in whole or in part depending on the terms of the contracts) acquisition expenses until the group of insurance contracts is recognized, the following accounting entries are made:

for the amount of prepayment of acquisition costs:

Dt 1610 01 Short-term advances issued Kt 1010 Cash on hand 1030 Cash on current accounts;

on the basis of documents confirming the fact of incurring acquisition costs:

Dt 1620 04 Requirements for acquisition costs under insurance (reinsurance) contracts Kt 1610 01 Short-term advances issued;

2) for the amount of acquisition costs payable:

Dt 1620 04 Requirements for acquisition costs under insurance (reinsurance) contracts Kt 3390 41 Settlements with intermediaries for insurance (reinsurance) activities 3390 43 Settlements with reinsurers; 3350 Short-term wages arrears

and at the same time:

Dt 3390 41 Settlements with intermediaries for insurance (reinsurance) activities 3390 43 Settlements with reinsurers Kt 1010 Cash on hand 1030 Cash on current accounts.

108. When recognizing a group of insurance (reinsurance) contracts for the amount of acquisition costs related to the group of recognized insurance (reinsurance) contracts:

Dt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 The best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts. 4040 12 Margin under insurance (reinsurance) contracts Kt 1620 04 Requirements for acquisition costs under insurance (reinsurance) contracts.

109. In the case of payment of acquisition costs after recognition of the insurance (reinsurance) contract, the following accounting entries are made:

for the amount of the obligation for acquisition cash flows related to the group of insurance contracts:

Dt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 The best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts. 4040 12 Margin on insurance (reinsurance) contracts Kt 3390 41 Settlements with intermediaries for insurance (reinsurance) activities;

and at the same time:

Dt 3390 41 Settlements with intermediaries for insurance (reinsurance) activities; Kt 1010 Cash on hand 1030 Cash on current accounts.

110. When distributing acquisition cash flows with the frequency established in the accounting policy:

Dt 7470 35 Acquisition expenses Kt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts. 4040 11 Best estimate of expected cash flows for the remaining coverage of insurance (reinsurance) contracts.

111. In the event of depreciation of claims for acquisition expenses under insurance (reinsurance) contracts by the amount of created reserves (provisions) to cover losses from impairment of acquisition expenses, the following accounting entry is made:

Dt 7440 24 Expenses for the formation of reserves (provisions) for the impairment of acquisition cash flows Kt 1290 42 Reserves (provisions) for requirements for acquisition cash flows.

112. In the event of restoration of the formed reserves (provisions) to cover losses from impairment of acquisition expenses, the following accounting entry is made:

Dt 1290 42 Reserves (provisions) for requirements for acquisition cash flows Kt 6240 42 Income from the restoration (cancellation) of reserves (provisions) for impairment of acquisition cash flows.

113. In case of writing off the claim for acquisition expenses under insurance (reinsurance) contracts at the expense of created reserves (provisions) to cover losses from impairment of acquisition expenses, the following accounting entry is made:

Dt 1290 42 Reserves (provisions) for requirements for acquisition cash flows Kt 1620 04 Requirements for acquisition expenses under insurance (reinsurance) contracts.

Chapter 10. Accounting for insurance and reinsurance operations using the premium distribution method

Paragraph 1. Accounting for groups of insurance (reinsurance) contracts using the premium distribution approach

114. Upon initial recognition of groups of insurance (reinsurance) contracts, the following accounting entries are made:

for the amount of premium under the insurance (reinsurance) agreement:

Dt 3390 18 Insurance premiums under insurance contracts 3390 19 Insurance premiums under issued reinsurance contracts 4040 17 Insurance premiums under insurance contracts 4040 18 Insurance premiums under issued reinsurance contracts Kt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance contracts (reinsurance) 4040 11 Best estimate expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts.

upon actual receipt of the insurance premium:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3390 18 Insurance premiums under insurance contracts 3390 19 Insurance premiums under issued reinsurance contracts 4040 17 Insurance premiums under insurance contracts 4040 18 Insurance premiums under issued reinsurance contracts.

115. In the case of payment of premiums under an insurance (reinsurance) agreement before the date of recognition of a group of insurance (reinsurance) agreements, the following accounting entries are made:

upon actual receipt of the insurance premium:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3510 41 Advances received for insurance (reinsurance) activities;

when recognizing a group of insurance (reinsurance) contracts:

Dt 3510 41 Advances received for insurance (reinsurance) activities Kt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts. 4040 11 Best estimate of expected cash flows for the remaining coverage of insurance (reinsurance) contracts.

116. In the case of applying an adjustment factor to the insurance premium, the following accounting entry is made:

Dt 5610 Retained earnings (uncovered loss) of the reporting year. Kt 5460 Other reserves.

117. When amortizing cash flow obligations under insurance (reinsurance) contracts for each period of service provision, the following accounting entry is made:

118. When a liability arises for incurred insurance losses, the following accounting entry is made:

Dt 7470 40 Expenses related to insurance (reinsurance) activities Kt 3390 17 Cash flow obligations under insurance (reinsurance) contracts for incurred losses.

119. When an insurance (reinsurance) organization makes an insurance payment to the policyholder (beneficiary), the following accounting entries are made:

for the amount of insurance proceeds under an insurance (reinsurance) agreement:

Dt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts Kt 6280 41 Insurance proceeds (insurance income);

2) by the amount of excess of the money to be paid over the amount of the formed obligation for incurred insurance losses:

and at the same time:

Dt 7470 41 Insurance expenses for payment 7470 42 Expenses for making insurance payments for reinsurance Kt 7470 40 Expenses associated with insurance (reinsurance) activities;";

3) for the amount of money actually paid:

Dt 3390 43 Settlements with reinsurers 3390 44 Settlements with policyholders Kt 1010 Cash on hand 1030 Cash on current accounts;

4) in the case of a reinsurance agreement for an insured event:

for the amount of reinsurance costs:

Dt 7470 42 Expenses for making insurance payments for reinsurance Kt 1280 58 Best estimate of expected cash flows on the reinsurance asset 2060 01 Best estimate of expected cash flows on the reinsurance asset;

and at the same time, for the amount of compensation due:

Dt 1280 46 Requirements for reinsurers Kt 6280 55 Income from reinsurance;

5) upon actual receipt of the due compensation from the reinsurance organization:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 1280 46 Requirements for reinsurers.

120. To reflect the risk adjustment for non-financial risk, the following accounting entry is made:

Dt 7470 34 Insurance expenses in the form of a risk adjustment for non-financial risk Kt 3390 12 Risk adjustment for non-financial risk.

121. When recognizing income from reducing the risk adjustment for non-financial risk, the following accounting entry is made:

Dt 3390 12 Risk adjustment for non-financial risk Kt 6280 33 Income from reducing the risk adjustment for non-financial risk.

122. When reflecting the influence of the time value of money, the following accounting entries are made:

for the amount of financial expenses for the cash flow obligation for the remaining part of the coverage of insurance (reinsurance) contracts:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 3390 11 Cash flow obligations for the remaining coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining coverage of insurance (reinsurance) contracts;

2) by the amount of financial expenses according to the risk adjustment for non-financial risk:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 3390 12 Risk adjustment for non-financial risk 4040 13 Risk adjustment for non-financial risk.

123. In the event of early termination of an insurance (reinsurance) contract, the insurance (reinsurance) organization makes the following accounting entries:

in case of unpaid insurance premiums:

Dt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts Kt 3390 18 Insurance premiums for insurance contracts 3390 19 Insurance premiums for issued reinsurance contracts; 4040 17 Insurance premiums under insurance contracts 4040 18 Insurance premiums under issued reinsurance contracts;

2) for the amount of money to be returned:

3) for the amount of money actually paid:

Dt 3390 43 Settlements with reinsurers 3390 44 Settlements with policyholders Kt 1010 Cash on hand 1030 Cash on current accounts.

Paragraph 2. Accounting for groups of reinsurance contracts held

124. When initially recognizing a group of reinsurance contracts held, the following accounting entries are made:

for the amount of liability to the reinsurance company:

Dt 1280 58 Best estimate of expected cash flows on a reinsurance asset 2060 01 Best estimate of expected cash flows on a reinsurance asset Kt 1620 06 Estimation of future cash flows on a reinsurance asset; 2060 05 Estimation of future cash flows for the reinsurance asset;

for the amount of liabilities under held reinsurance contracts:

Dt 1620 06 Estimation of future cash flows for the reinsurance asset 2060 05 Estimation of future cash flows for the reinsurance asset Kt 3390 42 Settlements with reinsurers

upon actual payment:

Dt 3390 42 Settlements with reinsurers Kt 1010 Cash on hand 1030 Cash on current accounts;

for the amount of the assignor's commission:

Dt 1630 Other short-term assets. Kt 1280 58 Best estimate of expected cash flows on a reinsurance asset 2060 01 Best estimate of expected cash flows on a reinsurance asset;

upon actual receipt of the assignor's commission:

Dt 1010 Cash on hand 1030 Cash on current accounts. Kt 1630 Other short-term assets.

125. When recognizing the depreciation expense of the best estimate of expected cash flows for the reinsurance asset, the following accounting entry is made:

Dt 7470 37 Depreciation costs of the best estimate of expected cash flows on the reinsurance asset Kt 1280 58 Best estimate of expected cash flows on the reinsurance asset 2060 01 Best estimate of expected cash flows on the reinsurance asset.

126. When forming a reinsurance asset according to the risk adjustment for non-financial risk, the following accounting entry is made:

Dt 1280 61 Reinsurance asset based on risk adjustment for non-financial risk 2060 03 Reinsurance asset based on risk adjustment for non-financial risk Kt 6280 56 Income from the formation of a reinsurance asset based on risk adjustment for non-financial risk.

127. When recognizing the expense from reducing the reinsurance asset according to the risk adjustment for non-financial risk, the following accounting entry is made:

Dt 7470 33 Expenses to reduce the risk adjustment for non-financial risk Kt 1280 61 Reinsurance asset for the risk adjustment for non-financial risk 2060 03 Reinsurance asset for the risk adjustment for non-financial risk.";

128. In the event of early termination of held reinsurance contracts, the following accounting entries are made:

for the amount of unpaid premiums:

Dt 1620 06 Estimation of future cash flows for the reinsurance asset; 2060 05 Estimation of future cash flows for the reinsurance asset Kt 1280 58 Best estimate of expected cash flows for the reinsurance asset 2060 01 Best estimate of expected cash flows for the reinsurance asset

2) for the amount of claims to the reinsurance company:

Dt 1280 46 Requirements for reinsurers Kt 1280 58 Best estimate of expected cash flows for a reinsurance asset 2060 01 Best estimate of expected cash flows for a reinsurance asset 1280 61 Reinsurance asset based on risk adjustment for non-financial risk 2060 03 Reinsurance asset based on risk adjustment for non-financial risk;";

3) for the amount of money actually received:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 1280 46 Requirements for reinsurers.

Chapter 11. Accounting for insurance and reinsurance operations using the general valuation model

Paragraph 1. Accounting for groups of insurance (reinsurance) contracts that are not onerous

129. Upon initial recognition of groups of insurance (reinsurance) contracts, the following accounting entries are made:

for the amount of premium under the insurance (reinsurance) agreement:

Dt 3390 18 Insurance premiums under insurance contracts 3390 19 Insurance premiums under issued reinsurance contracts; 4040 17 Insurance premiums on insurance contracts 4040 18 Insurance premiums on issued reinsurance contracts Kt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts 3390 23 Margin on insurance (reinsurance) contracts 4040 12 Margin on insurance (reinsurance) contracts 3390 12 Risk adjustment for non-financial risk 4040 13 Risk adjustment for non-financial risk.

upon actual receipt of the insurance premium:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3390 18 Insurance premiums under insurance contracts 3390 19 Insurance premiums under issued reinsurance contracts; 4040 17 Insurance premiums under insurance contracts 4040 18 Insurance premiums under issued reinsurance contracts.

130. If the payment of the first payment from the policyholder (reinsurer) is made before the date of recognition of the group of insurance (reinsurance) contracts:

upon actual receipt of the insurance premium:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3510 41 Advances received for insurance (reinsurance) activities;

when recognizing a group of insurance (reinsurance) contracts:

Dt 3510 41 Advances received for insurance (reinsurance) activities. Kt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts 3390 23 Margin for insurance (reinsurance) contracts 4040 12 Margin for insurance (reinsurance) contracts 3390 12 Risk adjustment for non-financial risk 4040 13 Risk adjustment for non-financial risk.

131. When recognizing income from reducing the risk adjustment for non-financial risk, the following accounting entry is made:

Dt 3390 12 Risk adjustment for non-financial risk 4040 13 Risk adjustment for non-financial risk Kt 6280 33 Income from reducing the risk adjustment for non-financial risk.

132. When recognizing income from the depreciation of the margin for the services provided for in the contract, the following accounting entry is made:

Dt 3390 23 Margin on insurance (reinsurance) contracts 4040 12 Margin on insurance (reinsurance) contracts Kt 6280 34 Income from amortization of margin on insurance (reinsurance) contracts.

133. When increasing the risk adjustment for non-financial risk, which relates to deferred services, the following accounting entry is made:

Dt 3390 23 Margin on insurance (reinsurance) contracts 4040 12 Margin on insurance (reinsurance) contracts Kt 3390 12 Risk adjustment for non-financial risk; 4040 13 Risk adjustment for non-financial risk.

134. When increasing estimates of the present value of future cash flows, the following accounting entry is made:

Dt 3390 23 Margin on insurance (reinsurance) contracts 4040 12 Margin on insurance (reinsurance) contracts Kt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts.

135. When expectations about future related cash flows change that increase future profitability, the following accounting entries are made:

when reducing the risk adjustment for non-financial risk, which relates to future services:

Dt 3390 12 Risk adjustment for non-financial risk; 4040 13 Risk adjustment for non-financial risk Kt 3390 23 Margin on insurance (reinsurance) contracts 4040 12 Margin on insurance (reinsurance) contracts;

2) when the estimated present value of future cash flows decreases:

Dt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts Kt 3390 23 Margin for insurance (reinsurance) contracts 4040 12 Margin for insurance (reinsurance) contracts.

136. In the event of early termination of an insurance (reinsurance) contract, the insurance (reinsurance) organization makes the following accounting entries:

in case of unpaid insurance premiums:

Дт 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts 3390 23 Margin for insurance (reinsurance) contracts 4040 12 Margin for insurance (reinsurance) contracts 3390 12 Risk adjustment for non-financial risk; 4040 13 Risk adjustment for non-financial risk Kt 3390 18 Insurance premiums under insurance contracts 3390 19 Insurance premiums under issued reinsurance contracts; 4040 17 Insurance premiums under insurance contracts 4040 18 Insurance premiums under issued reinsurance contracts;

2) for the amount of money to be paid:

Дт 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts 3390 23 Margin for insurance (reinsurance) contracts 4040 12 Margin for insurance (reinsurance) contracts 3390 12 Risk adjustment for non-financial risk; 4040 13 Risk adjustment for non-financial risk Kt 3390 43 Settlements with reinsurers 3390 44 Settlements with policyholders;

3) for the amount of money actually paid:

Dt 3390 43 Settlements with reinsurers 3390 44 Settlements with policyholders Kt 1010 Cash on hand 1030 Cash on current accounts.

Paragraph 2. Accounting for groups of insurance (reinsurance) contracts that are not onerous, if an encumbrance subsequently arises under them

137. When there is a change in expectations regarding the future associated cash flows of insurance contracts accounted for in accordance with paragraph 1 of this chapter, which subsequently create an onerous group of insurance (reinsurance) contracts:

for the amount within the limits of the balances listed on the margin account for the services provided for in the contract, the following accounting entry is made:

2) the risk adjustment for non-financial risk associated with estimates of future cash flows is reflected in the following accounting entry:

Dt 7470 31 Insurance expenses in the form of a loss component Kt 3390 14 Loss component (based on risk adjustment for non-financial risk for the remaining coverage of insurance (reinsurance) contracts 4040 15 Loss component (based on risk adjustment for non-financial risk for the remainder of coverage of insurance (reinsurance) contracts);

3) recognition of the loss component based on the best estimate of expected cash flows for an onerous group of contracts is reflected in the following accounting entry:

Paragraph 3. Accounting for groups of insurance (reinsurance) contracts that are burdensome

138. Initial recognition of groups of insurance (reinsurance) contracts for onerous groups of insurance contracts is carried out on the date when these groups become onerous, and the following accounting entries are made:

for the amount of premium under the insurance (reinsurance) agreement:

Dt 3390 18 Insurance premiums under insurance contracts 3390 19 Insurance premiums under issued reinsurance contracts; 4040 17 Insurance premiums under insurance contracts 4040 18 Insurance premiums under issued reinsurance contracts Kt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts 3390 12 Risk adjustment for non-financial risk 4040 13 Risk adjustment for non-financial risk;

and, at the same time, for the amount of the loss component:

Dt 7470 31 Insurance expenses in the form of a loss component Kt 3390 13 Loss component (for cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 14 Loss component (based on the best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts) 3390 14 Loss component (for the risk adjustment for non-financial risk for the remainder of the coverage of insurance (reinsurance) contracts 4040 15 Loss component (based on the risk adjustment for non-financial risk for the remainder of the coverage of insurance (reinsurance) contracts);

on the date of receipt of the insurance premium:

139. When recognizing income from reducing the risk adjustment for non-financial risk, the following accounting entries are made:

by loss component:

Dt 3390 14 Loss component (based on the risk adjustment for non-financial risk for the remainder of the coverage of insurance (reinsurance) contracts 4040 15 Loss component (based on the risk adjustment for non-financial risk for the remainder of the coverage of insurance (reinsurance) contracts) Kt 6280 31 Adjustment of expenses for the loss component;

2) by income component:

Dt 3390 12 Risk adjustment for non-financial risk 4040 13 Risk adjustment for non-financial risk Kt 6280 33 Income from reducing the risk adjustment for non-financial risk.

140. In the event of early termination of an insurance (reinsurance) contract, the insurance (reinsurance) organization makes the following accounting entries:

in case of unpaid insurance premiums:

Дт 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts 3390 12 Risk adjustment for non-financial risk; 4040 13 Risk adjustment for non-financial risk Kt 3390 18 Insurance premiums under insurance contracts 4040 17 Insurance premiums under insurance contracts 3390 19 Insurance premiums under issued reinsurance contracts 4040 18 Insurance premiums under issued reinsurance contracts.

141. When there is a change in expectations regarding the future associated cash flows of insurance contracts accounted for in accordance with paragraph 1 of this chapter, which subsequently create an onerous group of insurance (reinsurance) contracts:

for the amount within the limits of the balances listed on the margin account for the services provided for in the contract, the following accounting entry is made:

2) the risk adjustment for non-financial risk associated with estimates of future cash flows is reflected in the following accounting entry:

3) recognition of the loss component based on the best estimate of expected cash flows for an onerous group of contracts is reflected in the following accounting entry:

Paragraph 4. Accounting for groups of insurance (reinsurance) contracts that are onerous, which subsequently become non-onerous

142. When expectations regarding future related cash flows change, which increase the future profitability of insurance contracts accounted for in accordance with paragraph 3 of this chapter, the following accounting entries are made:

for the amount within the previously recognized loss component:

Дт 3390 13 Loss component (based on cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 14 Loss component (based on the best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts) 3390 14 Loss component (based on the risk adjustment for non-financial risk for the remaining part of the coverage of insurance (reinsurance) contracts) 4040 15 Loss component (according to risk adjustment for non-financial risk for the remaining part of the coverage of insurance (reinsurance) contracts Kt 6280 31 Adjustment of expenses for the loss component;

2) when recognizing a margin for the services provided for in the contract in the amount exceeding the previously recognized component of the loss:

Dt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts Kt 3390 23 Margin for insurance (reinsurance) contracts 4040 12 Margin for insurance (reinsurance) contracts.

Paragraph 5. Accounting for groups of reinsurance contracts held

143. Upon initial recognition of a group of retained reinsurance contracts for which net costs arise when entering into reinsurance contracts, the following accounting entries are made:

Dt 1280 58 Best estimate of expected cash flows on a reinsurance asset 2060 01 Best estimate of expected cash flows on a reinsurance asset 1280 59 Margin on reinsurance contracts 2060 02 Margin on reinsurance contracts 1280 61 Reinsurance asset by risk adjustment for non-financial risk 2060 03 Reinsurance asset by risk adjustment for non-financial risk Kt 1620 06 Estimation of future cash flows on the reinsurance asset 2060 05 Estimation of future cash flows on the reinsurance asset;

for the amount of liabilities under held reinsurance contracts:

Dt 1620 06 Assessment of future cash flows on the reinsurance asset 2060 05 Assessment of future cash flows on the reinsurance asset Kt 3390 42 Settlements with reinsurers;

upon actual payment:

Dt 3390 42 Settlements with reinsurers Kt 1010 Cash on hand 1030 Cash on current accounts.

144. Upon initial recognition of a group of retained reinsurance contracts for which net profit arises from the conclusion of reinsurance contracts, the following accounting entries are made:

Dt 1280 58 Best estimate of expected cash flows on a reinsurance asset 2060 01 Best estimate of expected cash flows on a reinsurance asset 1280 61 Reinsurance asset by risk adjustment for non-financial risk 2060 03 Reinsurance asset by risk adjustment for non-financial risk Kt 3390 55 Margin on reinsurance contracts held 4040 16 Margin on reinsurance contracts held 1620 06 Estimation of future cash flows on the reinsurance asset 2060 05 Estimation of future cash flows on the reinsurance asset;

for the amount of liabilities under held reinsurance contracts:

Dt 1620 06 Assessment of future cash flows on the reinsurance asset 2060 05 Assessment of future cash flows on the reinsurance asset Kt 3390 42 Settlements with reinsurers;

upon actual payment:

Dt 3390 42 Settlements with reinsurers Kt 1010 Cash on hand 1030 Cash on current accounts;

for the amount of the assignor's commission:

Dt 1630 Other current assets Kt 1280 59 Margin on reinsurance contracts 2060 02 Margin on reinsurance contracts 3390 55 Margin on reinsurance contracts held 4040 16 Margin on reinsurance contracts held 1280 58 Best estimate of expected cash flows on the reinsurance asset 2060 01 Best estimate of the expected cash flows of the reinsurance asset;

and at the same time:

Dt 1010 Cash on hand 1030 Cash on current accounts. Kt 1630 Other short-term assets.";

145. When recognizing the expense of depreciation of the margin for the services provided for in the contract, the following accounting entry is made:

Dt 7470 36 Expenses in the form of amortization of margin on reinsurance contracts Kt 1280 59 Margin on reinsurance contracts 2060 02 Margin on reinsurance contracts.

146. For the amount of financial expenses on the margin for the services provided for in the contract under the reinsurance contract, the following accounting entry is made:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 3390 55 Margin on retained reinsurance contracts 4040 16 Margin on retained reinsurance contracts.

147. When recognizing income from depreciation of the margin for the services provided for in the contract, the following accounting entry is made:

Dt 3390 55 Margin on retained reinsurance contracts 4040 16 Margin on retained reinsurance contracts Kt 6280 34 Income from amortization of margin on insurance (reinsurance) contracts.

148. When recognizing the expense from reducing the reinsurance asset according to the risk adjustment for non-financial risk, the following accounting entry is made:

In the event of early termination of held reinsurance contracts, the following accounting entries are made:

for the amount of unpaid premiums:

Dt 1620 06 Estimation of future cash flows for the reinsurance asset; 2060 05 Estimation of future cash flows on the reinsurance asset Kt 1280 58 Best estimate of expected cash flows on the reinsurance asset 2060 01 Best estimate of expected cash flows on the reinsurance asset;

2) for the amount of claims to the reinsurance company:

Dt 1280 46 Requirements for reinsurers 3390 55 Margin on retained reinsurance contracts 4040 16 Margin on retained reinsurance contracts Kt 1280 58 Best estimate of expected cash flows on a reinsurance asset 2060 01 Best estimate of expected cash flows on a reinsurance asset 1280 59 Margin on contracts reinsurance 2060 02 Margin on reinsurance contracts 1280 61 Reinsurance asset for risk adjustment for non-financial risk 2060 03 Reinsurance asset for risk adjustment for non-financial risk;

3) for the amount of money actually received:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 1280 46 Requirements for reinsurers.";

150. For the amount of the indemnity component upon initial recognition of a group of reinsurance contracts held, if the group of underlying insurance contracts is onerous, the following accounting entries are made:

Dt 1280 64 Component of margin loss compensation under reinsurance contracts 2060 04 Component of margin loss compensation under reinsurance contracts Kt 6280 55 Income from reinsurance.

151. When recognizing a reinsurance asset for incurred insurance losses, the following accounting entries are made:

Dt 1280 62 Best estimate of expected cash flows of a reinsurance asset for incurred insurance losses 2060 06 Best estimate of expected cash flows of a reinsurance asset for incurred insurance losses 1280 63 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses 2060 07 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses incurred insurance losses Kt 6280 40 Income related to insurance (reinsurance) activities.";

Paragraph 6. Accounting for transactions affecting the time value of money and the impact of financial risk

152. When reflecting the influence of the time value of money and the influence of financial risk as part of profit or loss under insurance (reinsurance) contracts, in accordance with the accounting policy, the following accounting entries are made:

for the amount of financial expenses for cash flow obligations for incurred losses:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 3390 17 Cash flow obligations under insurance (reinsurance) agreements for incurred losses 4040 21 Cash flow obligations under insurance (reinsurance) agreements for incurred losses;

2) for the amount of financial expenses according to the risk adjustment for non-financial risk for incurred losses:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 3390 21 Risk adjustment for non-financial risk for incurred losses 4040 22 Risk adjustment for non-financial risk for incurred losses;

3) for the amount of financial expenses based on the best estimate of expected cash flows for the remaining part of the coverage:

4) for the amount of financial expenses on margin:

Dt 7470 32 Financial expenses for insurance (reinsurance) 3390 23 Margin on insurance (reinsurance) contracts Kt 4040 12 Margin on insurance (reinsurance) contracts;

5) for the amount of financial expenses according to the risk adjustment for non-financial risk:

Dt 7470 32 Financial expenses for insurance (reinsurance) 3390 12 Risk adjustment for non-financial risk; Kt 4040 13 Risk adjustment for non-financial risk;

6) for the amount of financial expenses for the loss component (based on the best estimate of expected cash flows for the remaining part of the coverage):

Dt 7470 32 Financial expenses for insurance (reinsurance) 3390 13 Loss component (for cash flow obligations for the remainder of the coverage of insurance (reinsurance) contracts) Kt 4040 14 Loss component (based on the best estimate of expected cash flows for the remaining coverage of insurance (reinsurance) contracts);

7) for the amount of financial income for liabilities for cash flows for incurred losses:

Dt 3390 17 Cash flow obligations under insurance (reinsurance) agreements for incurred losses 4040 21 Cash flow obligations under insurance (reinsurance) agreements for incurred losses Kt 6280 32 Financial income from insurance (reinsurance);

8) by the amount of financial income according to the risk adjustment for non-financial risk for incurred losses:

Dt 3390 21 Risk adjustment for non-financial risk for incurred losses 4040 22 Risk adjustment for non-financial risk for incurred losses Kt 6280 32 Financial income from insurance (reinsurance);

9) for the amount of financial income based on the best estimate of expected cash flows for the remaining part of the coverage:

10) for the amount of financial income on margin:

Dt 3390 23 Margin on insurance (reinsurance) contracts 4040 12 Margin on insurance (reinsurance) contracts. Kt 6280 32 Financial income from insurance (reinsurance);

11) by the amount of financial income based on risk adjustment for non-financial risk:

Dt 3390 12 Risk adjustment for non-financial risk; 4040 13 Risk adjustment for non-financial risk Kt 6280 32 Financial income from insurance (reinsurance);

12) by the amount of financial income for the loss component (according to the best estimate of expected cash flows for the remaining part of the coverage:

Dt 3390 13 Loss component (according to cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 14 Loss component (according to the best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts). Kt 6280 32 Financial income from insurance (reinsurance).

153. When reflecting the influence of the time value of money and the influence of financial risk as part of other comprehensive income under insurance (reinsurance) contracts, in accordance with the accounting policy, the following accounting entries are made:

for the amount of financial expenses for cash flow obligations for incurred losses:

Dt 5461 Financial risk under insurance (reinsurance) agreements Kt 3390 17 Cash flow obligations under insurance (reinsurance) agreements for incurred losses 4040 21 Cash flow obligations under insurance (reinsurance) agreements for incurred losses;

2) for the amount of financial expenses according to the risk adjustment for non-financial risk for incurred losses:

Dr 5461 Financial risk under insurance (reinsurance) contracts Kt 3390 21 Risk adjustment for non-financial risk for incurred losses 4040 22 Risk adjustment for non-financial risk for incurred losses;

3) for the amount of financial expenses based on the best estimate of expected cash flows for the remaining part of the coverage:

Dt 5461 Financial risk under insurance (reinsurance) contracts Kt 3390 11 Cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 11 Best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts;

4) for the amount of financial expenses on margin:

Dt 5461 Financial risk under insurance (reinsurance) agreements Kt 3390 23 Margin under insurance (reinsurance) agreements 4040 12 Margin under insurance (reinsurance) agreements;

5) for the amount of financial expenses according to the risk adjustment for non-financial risk:

Dt 5461 Financial risk under insurance (reinsurance) contracts Kt 3390 12 Risk adjustment for non-financial risk; 4040 13 Risk adjustment for non-financial risk;

6) for the amount of financial expenses for the loss component (based on the best estimate of expected cash flows for the remaining part of the coverage):

Dt 5461 Financial risk under insurance (reinsurance) contracts Kt 3390 13 Loss component (for cash flow obligations for the remainder of the coverage of insurance (reinsurance) contracts 4040 14 Loss component (based on the best estimate of expected cash flows for the remaining coverage of insurance (reinsurance) contracts);

7) for the amount of financial income for liabilities for cash flows for incurred losses:

Dt 3390 17 Cash flow obligations under insurance (reinsurance) agreements for incurred losses 4040 21 Cash flow obligations under insurance (reinsurance) agreements for incurred losses Kt 5461 Financial risk under insurance (reinsurance) agreements;

8) by the amount of financial income according to the risk adjustment for non-financial risk for incurred losses:

Dt 3390 21 Risk adjustment for non-financial risk for incurred losses 4040 22 Risk adjustment for non-financial risk for incurred losses Kt 5461 Financial risk under insurance (reinsurance) contracts;

9) for the amount of financial income based on the best estimate of expected cash flows for the remaining part of the coverage:

10) for the amount of financial income on margin:

Dt 3390 23 Margin on insurance (reinsurance) contracts 4040 12 Margin on insurance (reinsurance) contracts. Kt 5461 Financial risk under insurance (reinsurance) contracts;

11) by the amount of financial income based on risk adjustment for non-financial risk:

Dt 3390 12 Risk adjustment for non-financial risk; 4040 13 Risk adjustment for non-financial risk Kt 5461 Financial risk under insurance (reinsurance) contracts;

12) by the amount of financial income for the loss component (according to the best estimate of expected cash flows for the remaining part of the coverage:

Dt 3390 13 Loss component (based on cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts) 4040 14 Loss component (based on the best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts). Kt 5461 Financial risk under insurance (reinsurance) contracts.

154. When reflecting the influence of the time value of money and the influence of financial risk as part of profit or loss under held reinsurance contracts, in accordance with the accounting policy, the following accounting entries are made:

for the amount of financial income based on the best estimate of expected cash flows:

Dt 1280 58 Best estimate of expected cash flows for a reinsurance asset 2060 01 Best estimate of expected cash flows for a reinsurance asset Kt 6280 32 Financial income from insurance (reinsurance);

2) for the amount of financial income on margin:

Dt 1280 59 Margin on reinsurance contracts 2060 02 Margin on reinsurance contracts Kt 6280 32 Financial income from insurance (reinsurance);

3) by the amount of financial income on the reinsurance asset according to the risk adjustment for non-financial risk:

Dt 1280 61 Reinsurance asset for risk adjustment for non-financial risk 2060 03 Reinsurance asset for risk adjustment for non-financial risk Kt 6280 32 Financial income from insurance (reinsurance);

4) for the amount of financial income based on the best estimate of the expected cash flows of the reinsurance asset for incurred insurance losses:

5) for the amount of financial income based on the best estimate of the expected cash flows of the reinsurance asset for incurred insurance losses:

Dt 1280 63 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses 2060 07 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses Kt 6280 32 Financial income from insurance (reinsurance);

6) for the amount of financial expenses based on the best estimate of expected cash flows:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 1280 58 Best estimate of expected cash flows on the reinsurance asset 2060 01 Best estimate of expected cash flows on the reinsurance asset;

7) for the amount of financial expenses on margin:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 1280 59 Margin on reinsurance contracts 2060 02 Margin on reinsurance contracts;

8) for the amount of financial expenses on the reinsurance asset according to the risk adjustment for non-financial risk:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 1280 61 Reinsurance asset for risk adjustment for non-financial risk 2060 03 Reinsurance asset for risk adjustment for non-financial risk;

9) for the amount of financial expenses based on the best estimate of the expected cash flows of the reinsurance asset for incurred insurance losses:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 1280 62 Best estimate of expected cash flows of a reinsurance asset for incurred insurance losses 2060 06 Best estimate of expected cash flows of a reinsurance asset for incurred insurance losses;

10) for the amount of financial expenses for the risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses:

Dt 7470 32 Financial expenses for insurance (reinsurance) Kt 1280 63 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses 2060 07 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses.

155. When reflecting the influence of the time value of money and the influence of financial risk as part of other comprehensive income under held reinsurance contracts, in accordance with the accounting policy, the following accounting entries are made:

for the amount of financial income based on the best estimate of expected cash flows:

Dt 1280 58 Best estimate of expected cash flows for a reinsurance asset 2060 01 Best estimate of expected cash flows for a reinsurance asset Kt 5461 Financial risk under insurance (reinsurance) contracts;

2) for the amount of financial income on margin:

Dt 1280 59 Margin on reinsurance contracts 2060 02 Margin on reinsurance contracts Kt 5461 Financial risk under insurance (reinsurance) contracts;

3) by the amount of financial income on the reinsurance asset according to the risk adjustment for non-financial risk:

Dt 1280 61 Reinsurance asset for risk adjustment for non-financial risk 2060 03 Reinsurance asset for risk adjustment for non-financial risk Kt 5461 Financial risk under insurance (reinsurance) contracts;

4) for the amount of financial income based on the best estimate of the expected cash flows of the reinsurance asset for incurred insurance losses:

5) for the amount of financial income based on the best estimate of the expected cash flows of the reinsurance asset for incurred insurance losses:

Dt 1280 63 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses 2060 07 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses Kt 5461 Financial risk under insurance (reinsurance) contracts;

6) for the amount of financial expenses based on the best estimate of expected cash flows:

Dt 5461 Financial risk under insurance (reinsurance) contracts Kt 1280 58 Best estimate of expected cash flows on a reinsurance asset 2060 01 Best estimate of expected cash flows on a reinsurance asset;

7) for the amount of financial expenses on margin:

Dt 5461 Financial risk under insurance (reinsurance) agreements Kt 1280 59 Margin under reinsurance agreements 2060 02 Margin under reinsurance agreements;

8) for the amount of financial expenses on the reinsurance asset according to the risk adjustment for non-financial risk:

Dt 5461 Financial risk under insurance (reinsurance) contracts Kt 1280 61 Reinsurance asset based on risk adjustment for non-financial risk 2060 03 Reinsurance asset based on risk adjustment for non-financial risk;

9) for the amount of financial expenses based on the best estimate of the expected cash flows of the reinsurance asset for incurred insurance losses:

Dt 5461 Financial risk under insurance (reinsurance) contracts Kt 1280 62 Best estimate of expected cash flows of a reinsurance asset for incurred insurance losses 2060 06 Best estimate of expected cash flows of a reinsurance asset for incurred insurance losses;

10) for the amount of financial expenses for the risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses:

Dt 5461 Financial risk under insurance (reinsurance) contracts Kt 1280 63 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses 2060 07 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses."

Paragraph 7. Accounting for transactions on insurance payments

156. When a liability arises for incurred insurance losses, the following accounting entry is made:

Dt 7470 40 Expenses related to insurance (reinsurance) activities Kt 3390 17 Cash flow obligations under insurance (reinsurance) contracts for incurred losses.

157. If a risk adjustment for non-financial risk arises for losses incurred:

Dt 7470 40 Expenses associated with insurance (reinsurance) activities Kt 3390 21 Risk adjustment for non-financial risk for losses incurred.

158. When an insurance (reinsurance) organization makes an insurance payment to the policyholder (beneficiary), the following accounting entries are made:

under insurance (reinsurance) contracts that are not onerous, for the amount of insurance proceeds:

for the amount of money to be paid:

and at the same time:

Dt 7470 41 Insurance expenses for payment 7470 42 Expenses for making insurance payments for reinsurance Kt 7470 40 Expenses associated with insurance (reinsurance) activities;

2) for an onerous group of insurance (reinsurance) contracts (except for investment components) for the amount of insurance proceeds:

and at the same time for the amount to be paid (except for investment components):

Dt 3390 17 Cash flow obligations under insurance (reinsurance) contracts for losses incurred 7470 41 Insurance expenses for payment 7470 42 Expenses for making insurance payments for reinsurance 3390 13 Loss component (for cash flow obligations for the remaining part of the coverage of insurance (reinsurance) contracts 4040 14 Loss component (based on the best estimate of expected cash flows for the remaining part of the coverage of insurance (reinsurance) contracts 3390 14 Loss component (based on the risk adjustment for non-financial risk for the remaining part of the coverage of insurance (reinsurance) contracts 4040 15 Loss component (based on the risk adjustment for non-financial risk for the remaining part of the coverage of insurance (reinsurance) contracts) Kt 3390 43 Calculations with reinsurers 3390 44 Settlements with policyholders;

and at the same time:

Dt 7470 41 Insurance expenses for payment 7470 42 Expenses for making insurance payments for reinsurance Kt 7470 40 Expenses associated with insurance (reinsurance) activities;

3) under insurance (reinsurance) contracts, which subsequently become non-burdensome for the amount of insurance proceeds under insurance (reinsurance) contracts (except for investment components):

for the amount of recovery of losses for groups of onerous insurance (reinsurance) contracts:

Dt 3390 13 Loss component (for cash flow obligations for the remainder of coverage of insurance (reinsurance) contracts 4040 14 Loss component (for the best estimate of expected cash flows for the remainder of coverage of insurance (reinsurance) contracts) Kt 6280 31 Adjustment of expenses for the loss component;

4) when paying the investment component under insurance (reinsurance) contracts:

5) for the amount of money actually paid:

Dt 3390 43 Settlements with reinsurers 3390 44 Settlements with policyholders Kt 1010 Cash on hand 1030 Cash on current accounts;

6) in the case of a reinsurance agreement for an insured event for the amount of money to be paid:

Dt 7470 41 Insurance expenses for payment Kt 1280 58 Best estimate of expected cash flows on the reinsurance asset 2060 01 Best estimate of expected cash flows on the reinsurance asset;

When depreciation expense is recognized, the best estimate of expected cash flows for the reinsurance asset is made as follows:

and at the same time, for the amount of compensation due:

Dt 1280 46 Requirements for reinsurers Kt 6280 55 Income from reinsurance;

upon actual receipt of the due compensation from the reinsurance company:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 1280 46 Requirements for reinsurers.

Paragraph 8. Accounting for transactions on loans provided

159. When an insurance (reinsurance) organization provides loans to policyholders within the redemption amount, the following accounting entry is made for the amount of the loan provided:

Dt 1110 21 Short-term loans provided to customers 2010 21 Long-term loans provided to customers Kt 1010 Cash on hand 1030 Cash on current accounts.

160. When calculating remuneration in accordance with the loan agreement, the insurance (reinsurance) organization makes the following accounting entries:

for the amount of accrued income in the form of remuneration:

Dt 1270 25 Accrued income in the form of interest on loans provided to clients Kt 6110 32 Income associated with receiving interest on loans;

2) for the amount of repayment of the principal debt and accrued interest:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 1110 21 Short-term loans provided to customers 2010 21 Long-term loans provided to customers 1270 25 Accrued income in the form of interest on loans provided to customers.

Chapter 12. Accounting for reinsurance operations

161. When transferring to the insurance (reinsurance) organization the right of claim that the policyholder (insured) has against the person responsible for losses compensated as a result of insurance (hereinafter referred to as the recourse claim), the insurance (reinsurance) organization, within the amount paid, makes the following accounting entries:

for the amount of the recourse claim:

Dt 1280 44 Claims to the person responsible for the damage caused Kt 6280 43 Income related to compensation for recourse claims and losses (subrogation);

2) upon actual receipt of money or property:

Dt 1010 Cash on hand 1030 Cash on current accounts 1300 Inventories 2410 Fixed assets Kt 1280 44 Requirements for the person responsible for the damage caused.

162. When an insurance (reinsurance) organization transfers to a reinsurance organization in accordance with a reinsurance agreement compensation for a recourse claim received from the person responsible for the damage caused, the insurance (reinsurance) organization makes the following accounting entries for the amount of compensation:

for the amount of accrued compensation expenses due to the reinsurance organization:

Dt 7470 44 Expenses for compensation of recourse claims and losses to the reinsurer (subrogation) Kt 3390 45 Accrued expenses for compensation of recourse claims and losses to the reinsurer (subrogation);

2) for the amount of compensation paid:

Dt 3390 45 Accrued expenses for compensation of recourse claims and losses to the reinsurer (subrogation) Kt 1010 Cash on hand 1030 Cash on current accounts.

Chapter 13. Accounting for direct settlement transactions

163. When a victim contacts an insurer with whom the victim has entered into a contract of compulsory liability insurance for vehicle owners, the following accounting entries are made:

when accruing obligations for settlements with the beneficiary and claims against the responsible insurer for direct settlement:

Dt 1280 54 Requirement for the responsible insurer for direct settlement Kt 3390 53 Settlements of the direct insurer with the beneficiary for direct settlement;

2) upon actual payment to the beneficiary of the amount of money for compensation under a direct settlement for the amount of compensation:

Dt 3390 53 Settlements of the direct insurer with the beneficiary for direct settlement Kt 1010 Cash on hand 1030 Cash on current accounts;

3) upon actual receipt of money from the responsible insurer to reimburse the amount of compensation paid to the beneficiary:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 1280 54 Requirement for the responsible insurer for direct settlement.

164. In case of untimely reimbursement of direct insurer expenses related to the settlement of an insured event, the following accounting entries are made:

direct insurer:

when calculating the amount of a penalty (fine, penalty):

Dt 1280 09 Accrued penalty (fine, penalty) Kt 6280 08 Penalty (fine, penalty);

upon actual receipt of money to pay a penalty (fine, penalty) from the responsible insurer:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 1280 09 Accrued penalty (fine, penalty);

2) responsible insurer:

when accruing an obligation to pay a penalty (fine, penalty):

Dt 7310 05 Penalty (fine, penalty) Kt 3390 07 Obligations to pay forfeit (fine, penalty);

upon actual payment of the penalty to the direct insurer:

Dt 3390 07 Obligations to pay penalties (fines, penalties) Kt 1010 Cash on hand 1030 Cash on current accounts.

Chapter 14. Accounting for mandatory contributions and contingent liabilities

165. When forming a reserve for unforeseen risks and a stabilization reserve, the following accounting entries are made:

for the amount of the formed reserve for unforeseen risks:

Dt 5520 Retained earnings (uncovered loss) of previous years Kt 5490 40 Reserve for unforeseen risks;

2) for the amount of the formed stabilization reserve:

Dt 5520 Retained earnings (uncovered loss) of previous years Kt 5490 41 Stabilization reserve.

166. When reducing the reserve for unforeseen risks and the stabilization reserve, the following accounting entries are made:

by the amount of reduction in the reserve for unforeseen risks:

Dt 5490 40 Reserve for unforeseen risks Kt 5520 Retained earnings (uncovered loss) of previous years;

2) by the amount of reduction in the stabilization reserve:

Dt 5490 41 Stabilization reserve Kt 5520 Retained earnings (uncovered loss) of previous years.

Chapter 15. Accounting for Islamic insurance transactions using the premium distribution method

Paragraph 1. Accounting for groups of Islamic insurance contracts using the premium distribution approach

167. Upon initial recognition of groups of Islamic insurance contracts:

if the date of payment of the first payment from the policyholder coincides with or occurs earlier than the start date of the insurance coverage period:

For the amount of money accepted under the Islamic insurance contract, the following accounting entries are made:

on balance sheet accounts:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3390 20 Liabilities under Islamic insurance contracts 4040 19 Liabilities under Islamic insurance contracts;

on off-balance sheet accounts for the amount of premium under the insurance contract:

Dt 8770 01 Account for clients' funds under Islamic insurance contracts Kt 8840 01 Cash flow obligations under Islamic insurance contracts;

2) if the start date of the insurance coverage period occurs earlier than the deadline for payment of the first payment from the policyholder:

For the amount of claims payable under accepted Islamic insurance contracts, the following accounting entries are made:

on off-balance sheet accounts for the amount of premium under the insurance contract:

Dt 8840 08 Insurance premiums under Islamic insurance contracts Kt 8840 01 Cash flow obligations under Islamic insurance contracts $

upon actual receipt of the insurance premium:

on balance sheet accounts:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3390 20 Liabilities under Islamic insurance contracts 4040 19 Liabilities under Islamic insurance contracts;

on off-balance sheet accounts:

Dt 8770 01 Account for clients' funds under Islamic insurance contracts Kt 8840 08 Insurance premiums under Islamic insurance contracts.

168. When obligations arise for incurred insurance losses, the following accounting entry is made:

Dt 8780 05 Expenses associated with insurance activities under Islamic insurance contracts Kt 8840 07 Liabilities for incurred losses for Islamic insurance organizations.

169. When an insurance organization makes an insurance payment to the policyholder (beneficiary), the following accounting entries are made:

for the amount of insurance proceeds under the insurance contract:

Dt 8840 01 Cash flow obligations under Islamic insurance contracts Kt 8870 05 Insurance proceeds (income from Islamic insurance);

2) for the amount of money to be paid:

Dt 8840 07 Liabilities for incurred losses for Islamic insurance organizations 8780 06 Insurance expenses for payment Kt 8770 01 Account for recording client funds under Islamic insurance contracts

and at the same time on balance sheet accounts for the amount of money actually paid:

Dt 3390 20 Obligations under Islamic insurance contracts 4040 19 Obligations under Islamic insurance contracts Kt 1010 Cash on hand 1030 Cash on current accounts.

170. To reflect the risk adjustment for non-financial risk, the following accounting entry is made:

Dt 8780 03 Insurance expenses in the form of a risk adjustment for non-financial risk for Islamic insurance organizations Kt 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations.

171. When recognizing income from reducing the risk adjustment for non-financial risk, the following accounting entry is made:

Dt 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations Kt 8870 03 Income from reducing the risk adjustment for non-financial risk for Islamic insurance organizations.

Chapter 16. Accounting for insurance operations using the general valuation model

Paragraph 1. Accounting for groups of Islamic insurance contracts that are not onerous

172. Upon initial recognition of groups of Islamic insurance contracts, the following accounting entries are made:

if the date of payment of the first payment from the policyholder coincides with or occurs earlier than the start date of the insurance coverage period:

For the amount of money accepted under the Islamic insurance contract, the following accounting entries are made:

on balance sheet accounts:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3390 20 Liabilities under Islamic insurance contracts 4040 19 Liabilities under Islamic insurance contracts

on off-balance sheet accounts for the amount of premium under the insurance contract:

Dt 8770 01 Cash account for clients under Islamic insurance contracts Kt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations 8850 02 Margin under Islamic insurance contracts 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations;

2) if the start date of the insurance coverage period occurs earlier than the deadline for payment of the first payment from the policyholder:

For the amount of premiums payable under accepted Islamic insurance contracts, the following accounting entries are made:

on off-balance sheet accounts for the amount of margin on insurance contracts and risk adjustment for non-financial risk:

Dt 8840 08 Insurance premiums under Islamic insurance contracts Kt 8850 02 Margin under Islamic insurance contracts 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations.

on off-balance sheet accounts upon actual receipt of the insurance premium:

Dt 8770 01 Account for clients' funds under Islamic insurance contracts Kt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations 8840 08 Insurance premiums under Islamic insurance contracts

and at the same time on balance sheet accounts:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3390 20 Liabilities under Islamic insurance contracts 4040 19 Liabilities under Islamic insurance contracts.

173. When recognizing income from reducing the risk adjustment for non-financial risk, the following accounting entry is made:

Dt 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations. Kt 8870 03 Income from reducing the risk adjustment for non-financial risk for Islamic insurance organizations.

174. When recognizing income from amortization of the margin for the services provided for in the contract, the following accounting entry is made:

Dt 8850 02 Margin on Islamic insurance contracts Kt 8870 04 Income from amortization of margin on Islamic insurance contracts.

175. When increasing the risk adjustment for non-financial risk, which

relates to deferred services, the following accounting entry is made:

Dt 8850 02 Margin on Islamic insurance contracts Kt 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations.

176. When increasing estimates of the present value of future cash flows, the following accounting entry is made:

Dt 8850 02 Margin on Islamic insurance contracts Kt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations.

177. When expectations about future related cash flows change that increase future profitability, the following accounting entries are made:

when reducing the risk adjustment for non-financial risk, which relates to future services:

Dt 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations Kt 8850 02 Margin on Islamic insurance contracts;

2) when the estimated present value of future cash flows decreases:

Dt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations Kt 8850 02 Margin on Islamic insurance contracts.

Paragraph 2. Accounting for groups of Islamic insurance contracts that are not onerous, if an encumbrance subsequently arises under them

178. When there is a change in expectations regarding the future associated cash flows of Islamic insurance contracts accounted for in accordance with paragraph 2 of this chapter, which subsequently create an onerous group of insurance contracts:

for the amount within the limits of the balances listed on the margin account for the services provided for in the contract, the following accounting entry is made:

Dt 8850 02 Margin on Islamic insurance contracts Kt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations;

2) the risk adjustment for non-financial risk associated with estimates of future cash flows is reflected in the following accounting entry:

Dt 8780 02 Insurance expenses in the form of a loss component for Islamic insurance organizations Kt 8840 04 Loss component (based on risk adjustment for non-financial risk for Islamic insurance organizations);

3) recognition of the loss component based on the best estimate of expected cash flows for an onerous group of contracts is reflected in the following accounting entry:

Paragraph 2. Accounting for groups of Islamic insurance contracts that are onerous

179. Initial recognition of groups of Islamic insurance contracts for onerous groups of Islamic insurance contracts is carried out on the date when these groups become onerous, and the following accounting entries are made:

on balance sheet accounts upon receipt of an insurance premium from the policyholder:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 3390 20 Liabilities under Islamic insurance contracts 4040 19 Liabilities under Islamic insurance contracts

on off-balance sheet accounts for the amount of premium under the Islamic insurance contract:

Dt 8770 01 Account for clients' funds under Islamic insurance contracts Kt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations

and at the same time for the amount of the loss component:

Dt 8780 02 Insurance expenses in the form of a loss component for Islamic insurance organizations Kt 8850 04 Loss component (based on the best estimate of expected cash flows) for Islamic insurance organizations 8840 04 Loss component (based on risk adjustment for non-financial risk for Islamic insurance organizations).

180. When recognizing income from reducing the risk adjustment for non-financial risk, the following accounting entries are made:

by loss component:

Dt 8840 04 Loss component (based on risk adjustment for non-financial risk for Islamic insurance organizations) Kt 8870 02 Adjustment of expenses for the loss component for Islamic insurance organizations;

2) by income component:

Dt 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations. Kt 8870 03 Income from reducing the risk adjustment for non-financial risk for Islamic insurance organizations.

Paragraph 4. Accounting for groups of Islamic insurance contracts that are onerous, which subsequently become non-onerous

181. When expectations regarding future related cash flows change, which increase the future profitability of Islamic insurance contracts accounted for in accordance with paragraph 4 of this chapter, the following accounting entries are made:

for the amount within the previously recognized loss component:

Dt 8850 04 Loss component (based on the best estimate of expected cash flows) for Islamic insurance organizations Kt 8870 02 Adjustment of expenses for the loss component for Islamic insurance organizations;

2) when recognizing a margin for the services provided for in the contract in the amount exceeding the previously recognized component of the loss:

Dt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations Kt 8850 02 Margin on Islamic insurance contracts.

Paragraph 5. Accounting for transactions affecting the time value of money and the impact of financial risk

182. When reflecting the influence of the time value of money and the influence of financial risk under insurance (reinsurance) contracts, in accordance with the accounting policy, the following accounting entries are made:

for the amount of financial expenses for liabilities for incurred losses:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8840 07 Liabilities for incurred losses for Islamic insurance organizations;

2) for the amount of financial expenses according to the risk adjustment for non-financial risk for incurred losses:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8840 09 Risk adjustment for non-financial risk for incurred losses for Islamic insurance organizations.

3) for the amount of financial expenses based on the best estimate of expected cash flows:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8840 01 Cash flow obligations under Islamic insurance contracts 8850 01 Best estimate of expected cash flows for Islamic insurance organizations;

4) for the amount of financial expenses on the margin for the services provided for in the contract:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8850 02 Margin on Islamic insurance contracts;

5) for the amount of financial expenses according to the risk adjustment for non-financial risk:

Dt 8780 07 Financial costs for Islamic insurance Kt 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations.

6) for the amount of financial expenses for the loss component (based on the best estimate of expected cash flows):

Dt 8780 07 Financial expenses for Islamic insurance Kt 8840 03 Loss component (for cash flow obligations under Islamic insurance contracts) 8850 04 Loss component (based on the best estimate of expected cash flows) for Islamic insurance organizations.

7) for the amount of financial income on liabilities for incurred losses:

Dt 8840 07 Liabilities for incurred losses for Islamic insurance organizations; Kt 8780 08 Financial income from Islamic insurance

8) by the amount of financial income according to the risk adjustment for non-financial risk for incurred losses:

Dt 8840 09 Risk adjustment for non-financial risk for incurred losses for Islamic insurance organizations. Kt 8780 08 Financial income from Islamic insurance

9) for the amount of financial income based on the best estimate of expected cash flows:

Dt 8840 01 Cash flow obligations under Islamic insurance contracts 8850 01 Best estimate of expected cash flows for Islamic insurance organizations; Kt 8780 08 Financial income from Islamic insurance

10) for the amount of financial income on the margin for the services provided for in the contract:

Dt 8850 02 Margin on Islamic insurance contracts; Kt 8780 08 Financial income from Islamic insurance

11) by the amount of financial income based on risk adjustment for non-financial risk:

Dt 8840 02 Risk adjustment for non-financial risk for Islamic insurance organizations. Kt 8780 08 Financial income from Islamic insurance

12) by the amount of financial income for the loss component (according to the best estimate of expected cash flows):

Dt 8840 03 Loss component (based on cash flow obligations under Islamic insurance contracts) 8850 04 Loss component (based on the best estimate of expected cash flows) for Islamic insurance organizations. Kt 8780 08 Financial income from Islamic insurance.

183. When reflecting the influence of the time value of money and the influence of financial risk under held reinsurance contracts, in accordance with the accounting policy, the following accounting entries are made:

for the amount of financial income based on the best estimate of expected cash flows for the reinsurance asset:

Dt 8850 07 Best estimate of expected cash flows on a reinsurance asset for Islamic insurance organizations Kt 8780 08 Financial income from Islamic insurance

2) by the amount of financial income according to the risk adjustment for non-financial risk for incurred losses:

Dt 8850 08 Margin on held Islamic reinsurance contracts Kt 8780 08 Financial income on Islamic insurance

3) by the amount of financial income on the reinsurance asset according to the risk adjustment for non-financial risk:

Dt 8850 09 Reinsurance asset for risk adjustment for non-financial risk for Islamic insurance organizations Kt 8780 08 Financial income from Islamic insurance

4) for the amount of financial income based on the best estimate of expected cash flows on the reinsurance asset for incurred insurance losses:

Dt 8850 10 Best estimate of expected cash flows of a reinsurance asset for incurred insurance losses for Islamic insurance organizations Kt 8780 08 Financial income from Islamic insurance

5) by the amount of financial income according to the risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses:

Dt 8850 11 Risk adjustment for non-financial risk of the reinsurance asset for incurred insurance losses for Islamic insurance organizations Kt 8780 08 Financial income for Islamic insurance

6) for the amount of financial expenses based on the best estimate of expected cash flows for the reinsurance asset:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8850 07 Best estimate of expected cash flows on a reinsurance asset for Islamic insurance organizations

7) for the amount of financial expenses according to the risk adjustment for non-financial risk for incurred losses:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8850 08 Margin on held Islamic reinsurance contracts

8) for the amount of financial expenses on the reinsurance asset according to the risk adjustment for non-financial risk:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8850 09 Reinsurance asset according to risk adjustment for non-financial risk for Islamic insurance organizations

9) for the amount of financial expenses based on the best estimate of expected cash flows on the reinsurance asset for incurred insurance losses:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8850 10 Best estimate of expected cash flows of a reinsurance asset for incurred insurance losses for Islamic insurance organizations

10) for the amount of financial expenses for the risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses:

Dt 8780 07 Financial expenses for Islamic insurance Kt 8850 11 Risk adjustment for the non-financial risk of the reinsurance asset for incurred insurance losses for Islamic insurance organizations.

Paragraph 6. Accounting for transactions on insurance payments

184. When obligations arise for incurred insurance losses, the following accounting entry is made:

Dt 8780 05 Expenses associated with insurance activities under Islamic insurance contracts Kt 8840 07 Liabilities for incurred losses for Islamic insurance organizations.

185. When an insurance organization makes an insurance payment to the policyholder (beneficiary), the following accounting entries are made:

under Islamic insurance contracts that are not onerous, for the amount of insurance proceeds:

Dt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations Kt 8870 05 Insurance proceeds (income from Islamic insurance)

for the amount of money to be paid:

Dt 8840 07 Liabilities for incurred losses for Islamic insurance organizations 8780 06 Insurance expenses for payment Kt 8770 01 Account for recording client funds under Islamic insurance contracts

and at the same time:

Dt 8780 06 Insurance expenses for payment Kt 8780 05 Expenses associated with insurance activities under Islamic insurance contracts;

2) for the onerous group of Islamic insurance contracts (except for investment components) for the amount of insurance proceeds:

Dt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations Kt 8870 05 Insurance proceeds (income from Islamic insurance)

and at the same time for the amount to be paid (except for investment components):

Dt 8840 07 Liabilities for incurred losses for Islamic insurance organizations 8780 06 Insurance expenses for payment 8850 04 Loss component (based on the best estimate of expected cash flows) for Islamic insurance organizations 8840 04 Loss component (based on risk adjustment for non-financial risk for Islamic insurance organizations) Kt 8770 01 Cash account clients under Islamic insurance contracts

and at the same time:

Dt 8780 06 Insurance expenses for payment Kt 8780 05 Expenses associated with insurance activities under Islamic insurance contracts;

3) under Islamic insurance contracts, which subsequently become non-burdensome for the amount of insurance proceeds under Islamic insurance contracts (except for investment components):

Dt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations Kt 8870 05 Insurance proceeds (income from Islamic insurance);

for the amount of recovery of losses for groups of onerous Islamic insurance contracts:

4) when paying the investment component under Islamic insurance contracts:

Dt 8850 01 Best estimate of expected cash flows for Islamic insurance organizations Kt 8770 01 Account for client funds under Islamic insurance contracts

and at the same time on balance sheet accounts for the amount of money actually paid:

Dt 3390 20 Obligations under Islamic insurance contracts 4040 19 Obligations under Islamic insurance contracts Kt 1010 Cash on hand 1030 Cash on current accounts.

186. For the amount of remuneration for the management of an Islamic insurance fund in the form of part of the insurance premium and (or) part of the income received from investing the funds of the Islamic insurance fund, the following accounting entries are made:

on balance sheet accounts for the amount of accrued remuneration:

Dt 1280 56 Claim of an Islamic insurance organization to an Islamic insurance fund for fund management Kt 6280 45 Commission income of an Islamic insurance organization from management of an Islamic insurance fund;

2) on balance sheet accounts for the amount of money actually paid:

Dt 1010 Cash on hand 1030 Cash on current accounts Kt 1280 56 Claim of an Islamic insurance organization to an Islamic insurance fund for fund management;

3) on off-balance sheet accounts for the amount of money actually paid:

Dt 8790 04 Commission expenses for managing the Islamic insurance fund Kt 8770 01 Account for recording client funds under Islamic insurance contracts.

Chapter 18. Accounting for money issued by an Islamic insurance organization due to insufficient funds of the Islamic insurance fund

187. When an Islamic insurance fund receives from an Islamic insurance (reinsurance) organization money transferred due to the insufficiency of the funds of the Islamic insurance fund to fulfill obligations under Islamic insurance contracts with the condition of their return in the future at the expense of cash receipts, the following accounting entry is made:

Dt 1280 57 Requirement for the Islamic insurance fund due to insufficient funds of the Islamic insurance fund to fulfill obligations under Islamic insurance contracts Kt 4040 19 Obligations under Islamic insurance contracts 3390 20 Obligations under Islamic insurance contracts.

188. When the Islamic insurance fund returns money to the Islamic insurance (reinsurance) organization, the following accounting entry is made:

Dt 1010 Cash on hand 1030 Cash on current accounts. Kt 1280 57 Requirement to the Islamic insurance fund due to insufficient funds of the Islamic insurance fund to fulfill obligations under Islamic insurance contracts.

Section 3. Accounting for investment portfolio managers, organizations engaged in brokerage activities in the securities market, and insurance organizations licensed to carry out activities in the “life insurance” industry and concluding insurance contracts that provide for the conditions for the participation of the policyholder in the investments of the insurer, and branches of insurance organizations - non-residents of the Republic of Kazakhstan, having a license to carry out activities in the “life insurance” industry and concluding insurance contracts that provide for the conditions for the participation of the policyholder in the investments of the insurer

Chapter 19. Accounting for assets accepted for investment management

189. When an organization receives assets for investment management, the following accounting entry is made for the amount of assets accepted in accordance with the investment management agreement:

Dt 1800 01 Money 1800 02 Refined precious metals 1800 03 Securities 1800 04 Placed deposits 1800 05 Investments in capital 1800 06 Intangible assets 1800 07 Fixed assets 1800 08 Other assets 1800 09 Accounts receivable 1800 10 Dividends 1800 11 Remuneration 1800 12 Other requirements Kt 1830 01 Receipt of assets from the client.

Chapter 20. Placing money under investment management in foreign currency

190. When purchasing foreign currency, an organization makes the following accounting entries:

if the purchase rate is lower than the market rate:

Dt 1800 01 Money (for the amount of foreign currency purchased) Kt 1800 01 Money (for the amount of money paid in tenge) 1830 03 Income from purchase and sale (for the difference between the purchase rate and the market rate);

2) if the purchase rate is higher than the market rate:

Dt 1800 01 Money (for the amount of foreign currency purchased) 1840 03 Expenses from purchase and sale (for the difference between the purchase rate and the market rate) Kt 1800 01 Money (for the amount of money paid in tenge).

191. When selling foreign currency, an organization makes the following accounting entries:

if the selling rate is higher than the market rate:

Dt 1800 01 Money (for the amount of money received in tenge) Kt 1800 01 Money (for the amount of foreign currency sold) 1830 03 Income from purchase and sale (for the difference between the sales rate and the market rate);

2) if the selling rate is lower than the market rate:

Dt 1800 01 Money (for the amount of money received in tenge) 1840 03 Expenses from purchase and sale (for the difference between the selling rate and the market rate) Kt 1800 01 Money (for the amount of foreign currency sold).

192. When exchanging foreign currencies, the organization makes the following accounting entries:

Dt 1800 01 Money (for the amount of foreign currency purchased) Kt 1800 01 Money (for the amount of foreign currency sold);

by the amount of the positive difference:

Dt 1800 01 Money Kt 1830 03 Income from purchase and sale (the difference between the sale (purchase) rate and the market rate);

by the amount of negative difference:

Dt 1840 03 Expenses from purchase and sale (for the difference between the sale (purchase) rate and the market rate) Kt 1800 01 Money.

193. When revaluing money in foreign currency at the market exchange rate on the date of revaluation, the following accounting entries are made:

when the market exchange rate increases by the amount of a positive exchange rate difference:

Dt 1800 01 Money (in foreign currency) Kt 1830 05 Income from exchange rate differences;

2) when the market exchange rate decreases by the amount of negative exchange rate difference:

Dt 1840 05 Expenses due to exchange rate differences Kt 1800 01 Money (in foreign currency).

Chapter 21. Placing money under investment management in deposits

194. When placing money under investment management in deposits with second-tier banks or organizations carrying out certain types of banking operations, the following accounting entry is made for the amount of the deposit, taking into account transaction costs, if any:

Dt 1800 04 Deposits placed Kt 1800 01 Money.

195. When accruing interest on a deposit specified in a bank deposit agreement, in accordance with the frequency established by the accounting policy of the organization, the following accounting entry is made:

Dt 1800 11 Remuneration Kt 1830 02 Income in the form of remuneration (dividends).

196. Upon actual receipt of interest on the deposit, the following accounting entry is made:

Dt 1800 01 Money Kt 1800 11 Remuneration.

197. At the end of the term of the bank deposit, when the money is returned, the following accounting entry is made:

Dt 1800 01 Money Kt 1800 04 Deposits placed 1800 11 Remuneration.

198. When revaluing deposits in foreign currency at the market exchange rate on the date of revaluation, the following accounting entries are made:

when the market exchange rate increases by the amount of a positive exchange rate difference:

Dt 1800 04 Deposits placed Kt 1830 05 Income from exchange rate differences;

2) when the market exchange rate decreases by the amount of negative exchange rate difference:

Dt 1840 05 Expenses due to exchange rate differences Kt 1800 04 Deposits placed.

Chapter 22. Placement of money under investment management in securities

199. When purchasing securities using assets under investment management, the following accounting entries are made:

on the net value of the acquired securities (in an amount not exceeding the nominal value):

Dt 1800 03 Securities Kt 1800 01 Money;

2) for the amount of the premium, including costs associated with the acquisition of a debt security:

Dt 1800 03 Securities (separate sub-accounts for accounting for the amount of premium on a security) Kt 1800 01 Money 1820 01 Accounts payable;

3) by the amount of the discount (discount):

Dt 1800 03 Securities (separate sub-accounts for accounting for the par value of a security) Kt 1800 03 Securities (separate sub-accounts for accounting for the amount of discount (discount) on a security);

4) for the amount of remuneration accrued by the previous holder:

Dt 1800 11 Remuneration Kt 1800 01 Money.

200. In accordance with the frequency established by the accounting policy of the organization, interest is accrued at the announced interest rate on purchased securities. In this case, the following accounting entry is made for the amount of accrued remuneration:

Dt 1800 11 Remuneration Kt 1830 02 Income in the form of remuneration (dividends).

201. When amortizing a premium or discount (discount) on purchased securities, the following accounting entries are made:

for the amount of premium depreciation:

Dt 1840 08 Other expenses Kt 1800 03 Securities (separate sub-accounts for accounting for the amount of premium on a security);

2) for the amount of amortization of the discount (discount):

Dt 1800 03 Securities (separate sub-accounts for accounting for the amount of discount (discount) on a security) Kt 1830 02 Income in the form of remuneration (dividends).

202. After accrual of the declared remuneration and amortization of the premium or discount (discount) in accordance with paragraphs 11 and 12 of this Instruction, the acquired securities are revalued at fair value and at the frequency established by the accounting policy of the organization, and the following accounting entries are made:

if the fair value of securities exceeds their book value:

Dt 1800 03 Securities Kt 1830 04 Income from revaluation of assets at fair value;

2) if the book value of securities exceeds their fair value:

Dt 1840 04 Expenses from revaluation of assets at fair value Kt 1800 03 Securities.

203. When revaluing acquired securities (except for equity securities), the cost of which is expressed in foreign currency, the following accounting entries are made at the market exchange rate on the date of revaluation:

with an increase in the market exchange rate:

by the amount of positive exchange rate difference:

Dt 1800 03 Securities (separate sub-accounts for accounting for the par value and the amount of premium on the security) 1800 11 Remuneration Kt 1830 05 Income from exchange rate differences; for the amount of negative exchange rate differences: Dt 1840 05 Expenses for exchange rate differences Kt 1800 03 Securities (separate sub-accounts for accounting for the amount of discount (discount) on a security);

2) when the market exchange rate decreases by the amount of negative exchange rate difference:

Dt 1840 05 Expenses for exchange rate differences 1800 03 Securities (separate sub-accounts for accounting for the nominal value and premium amount on a security) 1800 11 Remuneration and, at the same time, for the amount of positive exchange rate differences: Dt 1800 03 Securities (separate sub-accounts for accounting for the amount of discount (discount) on a security) Kt 1830 05 Income from exchange rate differences.

204. When the issuer repays accrued interest on securities, the following accounting entry is made for the amount of interest paid:

Dt 1800 01 Money Kt 1800 11 Remuneration.

205. When selling purchased securities after accrual of declared remuneration, amortization of premium or discount (discount) and revaluation of securities at fair value in accordance with paragraphs 11, 12 and 13 of these Instructions, the following accounting entries are made:

for the amount of unamortized premium on securities:

Dt 1800 03 Securities (separate sub-accounts for accounting for the nominal value of a security) Kt 1800 03 Securities (separate sub-accounts for accounting for the amount of the premium on a security);

2) for the amount of unamortized discount (discount) on securities:

Dt 1800 03 Securities (separate sub-accounts for accounting for the amount of discount (discount) on a security) Kt 1800 03 Securities (separate sub-accounts for accounting for the par value of a security);

3) for the amount of the concluded transaction for the sale of securities:

if there is a positive difference between the transaction amount and the book value of assets:

Dt 1800 01 Money Kt 1800 03 Securities 1800 11 Remuneration 1830 03 Income from purchase and sale;

if there is a negative difference between the transaction amount and the accounting value of assets:

Dt 1800 01 Money 1840 03 Expenses from purchase and sale Kt 1800 03 Securities 1800 11 Remuneration;

206. When redeeming purchased securities after accrual of interest, amortization of premium or discount (discount) and revaluation of debt securities at fair value in accordance with paragraphs 11 and 12 of this Instruction, the accounting entries specified in subparagraphs 6) and 7) of paragraph 16 of these Instructions are made.

Chapter 23. Placement of money under investment management in derivative financial instruments

207. When acquiring a derivative financial instrument at the expense of assets under investment management, the following accounting entries are made:

for the amount of the premium paid on the acquired call option (put) with the opening of a separate sub-account to record the cost of the derivative financial instrument:

Dt 1800 12 Other requirements Kt 1800 01 Money;

2) for the amount of margin on the futures:

Dt 1800 08 Other assets Kt 1800 01 Money.

208. When revaluing a derivative financial instrument at fair value with the frequency established by the accounting policy of the organization, the following accounting entries are made:

by the amount of positive change in the fair value of a derivative financial instrument:

Dt 1800 12 Other requirements Kt 1830 04 Income from revaluation of assets at fair value;

2) by the amount of negative change in the fair value of the derivative financial instrument:

Dt 1840 04 Expenses from revaluation of assets at fair value Kt 1820 02 Other liabilities (separate sub-accounts for accounting for the value of derivative financial instruments);

3) by the amount of the recorded positive (negative) adjustment to the fair value of derivative financial instruments:

Dt 1820 02 Other obligations Kt 1800 12 Other requirements.

209. When an organization pays a margin amount to a counter-partner (by a counter-partner to the organization), the following accounting entries are made:

for the amount of margin additionally paid by the organization:

Dt 1800 08 Other assets Kt 1800 01 Money;

2) by the amount of margin received from the counterparty:

Dt 1800 08 Other assets Kt 1820 02 Other liabilities;

3) when writing off the permissible registered margin from an account opened on a stock exchange (with a broker):

Dt 1800 01 Money Kt 1800 08 Other assets;

4) by the amount of margin received by the stock exchange (broker):

Dt 1820 02 Other liabilities Kt 1800 08 Other assets.

210. As of the date of execution of a derivative financial instrument, the following accounting entries are made:

when transferring money by an organization in case of settlements on a net basis:

Dt 1820 02 Other liabilities Kt 1800 01 Money;

2) when receiving money from a counterparty in case of settlements on a net basis:

Dt 1800 01 Money Kt 1800 12 Other requirements;

3) when purchasing the underlying asset in accordance with the terms of the derivative financial instrument:

for the cost of the acquired asset:

Dt 1800 01 Money 1800 02 Refined precious metals 1800 03 Securities 1800 05 Investments in capital 1800 07 Fixed assets 1800 08 Other assets 1820 02 Other liabilities (separate sub-accounts for accounting for the value of derivative financial instruments) Kt 1800 01 Money 1800 12 Other liabilities;

4) when selling the underlying asset in accordance with the terms of derivative financial instruments:

for the cost of the asset being sold:

Dt 1800 01 Money 1820 02 Other liabilities (separate sub-accounts for accounting for the value of derivative financial instruments) Kt 1800 01 Money 1800 02 Refined precious metals 1800 03 Securities 1800 05 Investments in capital 1800 07 Fixed assets 1800 08 Other assets 1800 12 Other requirements (separate sub-accounts for accounting for derivative financial instruments).

Chapter 24. Conducting REPO and reverse REPO transactions with securities under investment management

211. When opening a repo transaction:

an organization transferring securities in exchange for money, when performing a repo transaction for the transaction amount, makes the following accounting entry:

Dt 1800 01 Money Kt 1820 02 Other liabilities (separate sub-accounts for accounting for REPO transactions with securities);

2) the organization providing money in exchange for securities, when performing a reverse repo transaction for the transaction amount, makes the following accounting entry:

Dt 1800 12 Other requirements (separate sub-accounts for accounting for REPO transactions with securities) Kt 1800 01 Money.

212. During the validity period of REPO and reverse REPO transactions, based on the terms of the REPO transaction, the amount of remuneration due under the transaction is calculated to be credited, respectively, to expenses and income for the established period of validity of these transactions. In this case, the following accounting entries are made:

for the amount of accrued expenses in the form of remuneration for repo transactions:

Dt 1840 02 Expenses for payment of commissions Kt 1820 02 Other liabilities (separate sub-accounts for accounting for repo transactions with securities);

2) for the amount of accrued income in the form of interest on a reverse repo transaction:

Dt 1800 11 Remuneration Kt 1830 02 Income in the form of remuneration (dividends).

213. When closing a REPO transaction after accrual of interest in accordance with paragraph 23 of this Instruction, the following accounting entries are made:

when the organization receives back previously transferred securities under a repo transaction:

for the amount of accrued interest on the repo transaction:

Dt 1820 02 Other liabilities Kt 1800 01 Money; at the cost of closing a repo transaction established at the time of concluding this transaction: Dt 1820 02 Other liabilities Kt 1800 01 Money;

2) when the organization transfers previously received securities under a reverse repo transaction:

for the amount of accrued remuneration:

Dt 1800 01 Money Kt 1800 11 Remuneration; at the cost of closing a reverse repo transaction established at the time of conclusion of this transaction: Dt 1800 01 Money Kt 1800 12 Other requirements.

Chapter 25. Placement of money under investment management in refined precious metals

214. When placing money under investment management in refined precious metals, the following accounting entry is made for the cost of acquired precious metals:

Dt 1800 02 Refined precious metals Kt 1800 01 Money.

In auxiliary accounting, refined precious metals are reflected in ounces, as well as in tenge by multiplying the available quantity of refined precious metals by the morning or evening fixing of the London Bullion Market Association and the tenge to US dollar rate established on the date of reflection in the accounting records.

215. When revaluing acquired refined precious metals at fair value by the amount of the revaluation, the following accounting entries are made:

with an increase in the cost of refined precious metals:

Dt 1800 02 Refined precious metals Kt 1830 04 Income from revaluation of assets at fair value;

2) when the cost of refined precious metals decreases:

Dt 1840 04 Expenses from revaluation of assets at fair value Kt 1800 02 Refined precious metals.

216. When selling refined precious metals after revaluation at fair value in accordance with paragraph 26 of these Instructions, the following accounting entries are made:

at the selling price of refined precious metals:

Dt 1800 01 Money Kt 1830 03 Income from purchase and sale;

2) on the accounting value of refined precious metals:

Dt 1840 03 Expenses from purchase and sale Kt 1800 02 Refined precious metals.

Chapter 26. Placement of money under investment management in investments in the capital of legal entities that are not joint-stock companies

217. When placing money under investment management into investments in the capital of legal entities that are not joint-stock companies, the following accounting entry is made:

Dt 1800 05 Investments in capital Kt 1800 01 Money.

218. When selling a share in capital, the following accounting entries are made:

if a positive difference occurs between the transaction amount and the accounting value of assets:

Dt 1800 01 Money Kt 1800 05 Investments in capital 1830 03 Income from purchase and sale;

2) if a negative difference occurs between the transaction amount and the accounting value of assets:

Dt 1800 01 Money 1840 03 Expenses from purchase and sale Kt 1800 05 Investments in capital.

Chapter 27. Placement of money under investment management in fixed assets and intangible assets

219. When placing money under investment management in fixed assets and intangible assets, the following accounting entry is made:

Dt 1800 06 Intangible assets 1800 07 Fixed assets Kt 1800 01 Money.

220. When revaluing fixed assets and intangible assets at fair value, the following accounting entries are made:

if the fair value of fixed assets and intangible assets exceeds their accounting value:

Dt 1800 06 Intangible assets 1800 07 Fixed assets Kt 1830 04 Income from revaluation of assets at fair value;

2) if the accounting value of fixed assets and intangible assets exceeds their fair value:

Dt 1840 04 Expenses from revaluation of assets at fair value Kt 1800 06 Intangible assets 1800 07 Fixed assets.

221. When selling fixed assets and intangible assets, the following accounting entries are made:

if a positive difference occurs between the transaction amount and the accounting value of assets:

Dt 1800 01 Money Kt 1800 06 Intangible assets 1800 07 Fixed assets 1830 03 Income from purchase and sale;

2) if a negative difference occurs between the transaction amount and the accounting value of assets:

Dt 1800 01 Money 1840 03 Expenses from purchase and sale Kt 1800 06 Intangible assets 1800 07 Fixed assets;

Chapter 28. Accounting for assets withdrawn from investment management

222. In the event that a client withdraws part of the assets under investment management, the following accounting entry is made:

Dt 1840 01 Seizure of client assets Kt 1800 01 Money 1800 02 Refined precious metals 1800 03 Securities 1800 04 Placed deposits 1800 05 Investments in capital 1800 06 Intangible assets 1800 07 Fixed assets 1800 08 Other assets 1800 09 Accounts receivable 1800 10 Dividends 1800 11 Remuneration 1800 12 Other claims.

223. At the end of the reporting period, in order to analyze the effectiveness of the investment management of the client’s assets, the information on the formation of the final financial result for the reporting period is compiled by making the following accounting entries:

for the amount of income accrued on transactions with client assets:

Dt 1830 01 Receipt of assets from the client 1830 02 Income in the form of remuneration (dividends) 1830 03 Income from purchase and sale 1830 04 Income from revaluation of assets at fair value 1830 05 Income from exchange rate differences 1830 08 Other income Kt 1810 01 Capital;

and, at the same time, the amount of expenses accrued for transactions with client assets:

Dt 1810 01 Capital Kt 1840 02 Expenses on payment of commissions 1840 03 Expenses from purchase and sale 1840 04 Expenses from revaluation of assets at fair value 1840 05 Expenses on exchange rate differences 1840 08 Other expenses.";

224. At the end of the contract for investment management of the client’s assets, the organization returns all available assets in the client’s account. In this case, the following accounting entries are made for available assets:

for the amount of income accrued on transactions with client assets:

and, at the same time, the amount of expenses accrued for transactions with client assets:

2) for the amount of balances on client liability accounts:

Dt 1820 01 Accounts payable 1820 02 Other liabilities Kt 1840 01 Seizure of client assets;

3) for the amount of balances on asset accounts for the client:

4) for the amount of the capital account balance:

Dt 1810 01 Capital Kt 1840 01 Seizure of client assets.

Insurance accounting under IFRS 17 (Resolution No. 149)

Accounting in Insurance Organisations under IFRS 17 (Resolution No. 149)

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Subject of the document

Relevance for actuarial practice

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English Translation (Auto-generated)

Instructions for maintaining accounting records by insurance (reinsurance) organizations, mutual insurance companies and branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan

Chapter 1. General provisions

Section 1. Accounting of financial instruments and refined precious metals

Chapter 2. Accounting for transactions with securities

Paragraph 1. Accounting for acquired debt securities carried at fair value through profit or loss

Paragraph 2. Accounting for acquired debt securities carried at fair value through other comprehensive income

Paragraph 3. Accounting for acquired debt securities carried at amortized cost

Paragraph 4. Accounting for debt securities issued by an organization for circulation

Paragraph 5. Accounting for acquired equity securities measured at fair value through profit or loss or at fair value through other comprehensive income

Paragraph 6. Accounting for reclassification of acquired securities by category

Paragraph 7. Accounting for impairment of acquired securities carried at fair value through other comprehensive income and securities carried at amortized cost

Chapter 3. Accounting for REPO and reverse REPO transactions

Chapter 4. Accounting for purchase and sale transactions of refined precious metals

Chapter 5. Accounting for dealing transactions with foreign currency

Paragraph 1. Accounting for spot transactions for the purchase of foreign currency by the date of the transaction

Paragraph 2. Accounting for spot transactions for the purchase of foreign currency by settlement date

Paragraph 3. Accounting for spot transactions for the sale of foreign currency by the date of the transaction

Paragraph 4. Accounting for spot transactions for the sale of foreign currency by settlement date

Chapter 6. Accounting for deposits

Chapter 7. Accounting for transactions with derivative instruments

Paragraph 1. Accounting for forward transactions

Paragraph 2. Accounting for futures transactions

Paragraph 3. Accounting for option transactions

Paragraph 4. Accounting for currency swap transactions

Paragraph 5. Accounting for interest rate swap transactions

Chapter 8: Hedge Accounting

Section 2. Accounting for insurance and reinsurance transactions

Chapter 9. Accounting for acquisition cash flows under insurance (reinsurance) contracts

Paragraph 1. Recognition as expenses when such expenses are incurred under the bonus distribution approach

Paragraph 2. Distribution by groups of insurance (reinsurance) contracts

Chapter 10. Accounting for insurance and reinsurance operations using the premium distribution method

Paragraph 1. Accounting for groups of insurance (reinsurance) contracts using the premium distribution approach

Paragraph 2. Accounting for groups of reinsurance contracts held

Chapter 11. Accounting for insurance and reinsurance operations using the general valuation model

Paragraph 1. Accounting for groups of insurance (reinsurance) contracts that are not onerous

Paragraph 2. Accounting for groups of insurance (reinsurance) contracts that are not onerous, if an encumbrance subsequently arises under them

Paragraph 3. Accounting for groups of insurance (reinsurance) contracts that are burdensome

Paragraph 4. Accounting for groups of insurance (reinsurance) contracts that are onerous, which subsequently become non-onerous

Paragraph 5. Accounting for groups of reinsurance contracts held

Paragraph 6. Accounting for transactions affecting the time value of money and the impact of financial risk

Paragraph 7. Accounting for transactions on insurance payments

Paragraph 8. Accounting for transactions on loans provided

Chapter 12. Accounting for reinsurance operations

Chapter 13. Accounting for direct settlement transactions

Chapter 14. Accounting for mandatory contributions and contingent liabilities

Chapter 15. Accounting for Islamic insurance transactions using the premium distribution method

Paragraph 1. Accounting for groups of Islamic insurance contracts using the premium distribution approach

Chapter 16. Accounting for insurance operations using the general valuation model

Paragraph 1. Accounting for groups of Islamic insurance contracts that are not onerous

Paragraph 2. Accounting for groups of Islamic insurance contracts that are not onerous, if an encumbrance subsequently arises under them

Paragraph 2. Accounting for groups of Islamic insurance contracts that are onerous

Paragraph 4. Accounting for groups of Islamic insurance contracts that are onerous, which subsequently become non-onerous

Paragraph 5. Accounting for transactions affecting the time value of money and the impact of financial risk

Paragraph 6. Accounting for transactions on insurance payments

Chapter 17. Accounting of transactions related to the activities of an Islamic insurance organization

Chapter 18. Accounting for money issued by an Islamic insurance organization due to insufficient funds of the Islamic insurance fund

Chapter 19. Accounting for assets accepted for investment management

Chapter 20. Placing money under investment management in foreign currency

Chapter 21. Placing money under investment management in deposits

Chapter 22. Placement of money under investment management in securities

Chapter 23. Placement of money under investment management in derivative financial instruments

Chapter 24. Conducting REPO and reverse REPO transactions with securities under investment management

Chapter 25. Placement of money under investment management in refined precious metals

Chapter 26. Placement of money under investment management in investments in the capital of legal entities that are not joint-stock companies

Chapter 27. Placement of money under investment management in fixed assets and intangible assets

Chapter 28. Accounting for assets withdrawn from investment management