Extraction from the Provision (standard) of accounting of ZO “Biological assets”, the Ministry of Justice approved by the Order from 18.11.05 of No. 790.
Producers of agricultural production waited: the Provision (standard) of accounting about reflection in accounting and financial statements of biological assets and agricultural production is accepted. In the closest issues of the newspaper we will acquaint you with the comment of one of developers of this Situation – Lavrinenko Lyudmila Ivanovna, the head of department of the account and the reporting of the Ministry of an agrarian policy of Ukraine.
This Situation will come into force only since January 1, 2007.
ABOUT THE ADOPTION OF SITUATION (STANDARD) OF ACCOUNTING 30 BIOLOGICAL ASSETS
PROVISION (STANDARD) OF ACCOUNTING 30
BIOLOGICAL ASSETS
It is approved as the Order of the Ministry of Finance of Ukraine from 18.11.05 of No. 790
It is registered in the Ministry of Justice of Ukraine 05.12.05 at No. 1456/11736
(Extraction)
General provisions
1. The present Situation (standard) 30 defines methodological principles of formation in the bukhgalyotersky accounting of information on biological assets and about the additional biological assets received in the course of their biological preobyorazovaniye and agricultural production and inforyomatsiya disclosure about them in financial statements.
2. Standards of the Provision (standard) 30 are applied by the enterprises, the organizations and other yuridichesyoky persons (further – the enterprises) all forms of a sobyostvennost (except banks and the budgetary establishments) rather agricultural activity.
3. Situation (standard) 30 doesn’t extend on:
3.1. Agricultural production, which xranitsya after its initial recognition.
3.2. Products of processing of an agricultural proyoduktsiya.
3.3. The biological assets which have not been connected with selskoyokhozyaystvenny activity.
Examples of biological assets and selskokhozyayyostvenny production are given in the annex to Poyolozheny (standard) 30.
4. The terms used in provisions (standards) of accounting, have the following value:
Biological asset – an animal or a plant, koyotory in the course of biological transformations spoyosobno to give agricultural production and/or additional biological assets, and also prinosit in a different way economic benefits.
Biological transformations – process of high-quality and quantitative changes of biological assets.
Expenses on a sale place – the expenses connected with proyodazhy of biological assets and agricultural production in the active market, in particular commissions to sellers, brokers, indirect nalogi which are paid at production realization.
Group of biological assets – set poyodobny according to characteristics, appointment and conditions of cultivation of animals or plants.
Long-term biological assets – all bioloyogichesky assets which are not the current biologiyochesky assets.
Additional biological assets – the bioloyogichesky assets received in the course of biologichesyoky transformations.
The current biological assets – the biological assets, capable to give an agricultural proyoduktsiya and/or additional biological aktivy to bring in a different way economic vygody during the period which is not exceeding 12 mesyayoets, and also animals on cultivation and fatten.
Agricultural production – an asset, poluchenyony as a result of office from biological aktiva, intended for sale, processing or intraeconomic consumption.
Agricultural activity – upyoravleniye process by biological transformations with a view of receiving agricultural production and/or additional biological assets.
Recognition and assessment of biological assets
5. The biological asset and/or agricultural production admit an asset if there is a veyoroyatnost of receiving by the enterprise in the future of the ekoyonomichesky benefits connected with their use, and their cost can be authentically defined.
6. Object of accounting is the separate type of biological assets or their group.
7. Acquired (received) biological aktiv it is enlisted on balance of the enterprise for pervonayochalny cost which decides in a sootvetyostviye on the Provision (standard) of accounting 7th "Fixed assets" or Situation (stanyodarty) accounting 9th "Stocks".
8. Initial cost of gratuitously received biological assets is equal to their fair stoyoimost taking into account the expenses which have been directly connected with their finishing to a condition in which they are suitable for use in the planned purposes.
In initial cost of the biological assets received as a contribution to authorized capital of the enterprise, their fair value taking into account the expenses which have been directly connected with their doveyodeniye to a condition in which they are suitable for use in the planned purposes admits coordinated by founders (uchastyonik) of the enterprise.
9. Additional biological assets at pervonayochalny recognition are estimated on the fair stoyoimost reduced by expected expenses on a place of sale. Initial recognition of additional biological assets is reflected in volume reporting periode in which they are separated from a biological asset.
10. Biological assets are reflected for date of promeyozhutochny and annual balance on the fair stoyoimost reduced by expected expenses on meste of sale.
11. For balance date authentically it is impossible to define the long-term biological assets, which spravedliyovy cost, admit and reflected at initial cost taking into account the sum of their wear and losses from utility reduction. Such assessment is applied by the period in which becomes vozmozhyony to define fair value of dolgosrochyony biological assets. An assessment and amortization of such long-term biological assets osushhestvlyaetsya according to provisions (standards) of accounting 7th "Fixed assets" and 28 Reduction of utility of assets.
The current biological assets, which fair stoyoimost for balance date authentically opredelit it is impossible, admit and reflected at peryovonachalny cost. Such assessment is applied by the period in which becomes possible opredelit fair value of the current biological assets. The assessment such current biological aktivov is carried out according to the Provision (standard) of accounting 9th "Stocks".
12. Agricultural production at its pervonayochalny recognition is estimated on the fair stoyoimost reduced by expected expenses on a place of sale. Initial recognition of selskokhozyayyostvenny production is reflected in volume reporting periode in which it is separated from a biological asset.
Agricultural production after its pervonayochalny recognition estimate and reflect in a sootvetyostviye with the Provision (standard) of accounting 9th "Stocks".
13. Determination of fair value of biologichesyoky assets and agricultural production osnovyvaetsya on the prices of the active market.
In the presence of several active markets of biologichesyoky assets and their agricultural production ocenka is based on data of that market on which the enterprise provides to sell biological assets and/or agricultural production.
The assessment of agricultural production at the dogovoryony prices is allowed only under burdensome contracts.
14. In the absence of the active market determination of fair value of biological assets and agricultural production is carried out on:
14.1. To the final market price of operation with such aktivami (under condition of absence of essential negative changes in technological, market, economic or legal environment in which the enterprise operates).
14.2. To market prices of similar assets, skorrekyotirovanny taking into account individual characteristics, features or degree of completeness of biologichesyoky transformations of an asset, for which opredelyaetsya fair value.
14.3. To the additional indicators characterizing a price level on biological assets and selskokhoyozyaystvenny production.
15. In case of absence of information on market prices of biological assets fair value opredelyaetsya at the real cost of future net monetary earnings from an asset, estimated in a sootyovetstviye with points 11-14 of Situation (standard) of the bukhyogaltersky account 28 Reduction of utility of assets.
16. If biological assets of a vegetative proisyokhozhdeniye in the active market are estimated taking into account cost of the earth and capital expenses on its uluchyosheniye, an assessment of such biological assets osushhestvlyaetsya minus fair value zemli and capital expenses on its improvement.
Income and expenses of agricultural activity
17. The expenses connected with biological preobrazoyovaniye of biological assets, admit rasxodami to primary activity. The accounting of expenses vedetsya on separate objects of the accounting of expenses (otdelyyony types of biological assets and/or their group) according to the Provision (standard) of the bukhgalteryosky account 16th "Expenses".
To structure of the expenses connected with biological preyoobrazovaniye, belong:
• direct material costs;
• direct costs on compensation;
• other direct costs;
• all-production costs.
Direct material costs, direct costs on compensation and other direct costs within otyochetny (calendar) year are reflected under kalkulirovaniye articles, the list and which structure ustanavlivayutsya by the enterprise.
All-production costs of plant growing and zhiyovotnovodstvo are distributed at the end of the fiscal (kalenyodarny) year on each object of expenses with ispolzovayoniy the base of distribution established by the enterprise.
18. The income (expenses) of initial recognition of biological assets and the agricultural proyoduktsiya, received as a result of selskokhozyaystvenyony activity during reporting (kalendarnogo) years, is defined as a difference between stoimostyu biological assets and the agricultural production, estimated in an order provided by points 9 and 12 of Situation (standard) 30, and rasxodami, connected with biological preobrazovaniyami. The specified income (expenses) joins in sostav the other operating income (expenses).
19. The financial result from primary activity consists from:
19.1. Financial result from an initial priyoznaniye of agricultural production and dopolniyotelny biological assets.
19.2. Financial result from realization of stocks of agricultural production and the biological assets which assessment is carried out at spravedyolivy cost minus expected expenses on a sale place.
19.3. Financial result from change of spravedliyovy cost of biological assets for the balance date which assessment is carried out on a fair stoyoimost minus expenses on a sale place.
20. The income of realization of stocks – selskokhozyayyostvenny production and the biological assets which assessment is carried out at fair value minus expected expenses on a sale place, opredelyayutsya according to the Provision (standard) of accounting 15th "Income". Thus the sebestoiyomost of the realized biological assets and selsyokokhozyaystvenny production is equal to cost, on koyotory they are reflected in the account for realization date.
21. The increase (reduction) at date of balance of balanyosovy cost of biological assets which are estimated at fair value minus expected expenses on a sale place, is reflected as a part of the other operating income (an other opeyoratsionny expenses).
22. The dootsenka and markdown sum financial result from leaving of such long-term biological assets is defined on date of balance of balance cost of long-term biological assets which are estimated according to Situation point 11 (standarta) 30, and also and otrazhaetsya in an order established by Situation (standaryoty) of accounting 7th "Fixed assets".
23. The target financing connected with selskoyokhozyaystvenny activity, admits the income an order established by the Provision (standard) of accounting 15th "Income".
Disclosure of information on biological assets in notes to financial statements
24. Cost of biological assets in balance otrazhaetsya separate articles.
25. To financial statements bioloyogichesky assets are given in notes on the following groups:
25.1. Long-term biological assets:
25.1.1. Working cattle.
25.1.2. Productive cattle.
25.1.3. Long-term plantings.
25.1.4. Other long-term biological assets.
25.2. Current biological assets:
25.2.1. Animals on cultivation also fatten.
25.2.2. Biological assets in a condition of biologiyochesky transformations (except animals on a vyrashchiyovaniye also fatten).
25.2.3. Other current biological assets.
26. In notes to financial statements privoditsya information about:
26.1. Costs of each group biological aktivov on the beginning and the end of fiscal year.
26.2. Volume of production of agricultural production for the reporting period in natural izmeyoritel and at fair value (minus expected expenses on a sale place), ischislenyony at initial recognition.
26.3. Methods and essential assumptions, priyomenenny at determination of fair value of each group of agricultural production and each group of biological assets.
26.4. Existence and balance cost of biologichesyoky assets, a right of possession by which it is limited, and also balance cost of the biological assets transferred in pledge.
26.5. To the sum of the signed contracts on acquisition in the future of biological assets.
27. The financial result for fiscal year from selsyokokhozyaystvenny activity is given on sleduyoyushchy indicators:
27.1. The income (expenses) of initial recognition of received agricultural production and/or additional biological assets on each group of biological assets.
27.2. The expenses connected with biological preobrayozovaniye, on each group of biological assets.
27.3. Financial result (profit, a loss) from peryovonachalny recognition of an agricultural proyoduktsiya and/or additional biological assets.
27.4. Financial result (profit, a loss) from realization of agricultural production and tekuyoshchy biological assets.
27.5. Financial result (profit, a loss) from an izmeyoneniye of fair value of biological assets.
28. Information on changes balance stoimosti groups of biological assets which ocenivalis in reporting year at fair value, it is brought on the following indicators:
28.1. The rest of biological assets for the beginning of otchetyony year.
28.2. The income (expenses) of changes of fair value (minus previously estimated expenses on a sale place) for fiscal year.
28.3. Acquisition of biological assets for fiscal year.
28.4. Realization of biological assets for fiscal year.
28.5. Other changes.
28.6. The rest of biological assets for the end of otchetyony year.
29. About the biological assets which assessment for date of balance was carried out according to Polozheyony’s (standard) 30 point 11, the following information is provided in a cut of groups of bioyologichesky assets:
29.1. The impossibility reasons authentically to define fair value.
29.2. Method of charge of amortization.
29.3. Initial cost and the wear sum (vmeste with the saved-up sum of losses from poyoleznost reduction) on the beginning and the end of fiscal year.
29.4. The sum of losses from utility reduction for otyochetny year.
29.5. The sum of benefits from utility restoration for fiscal year.
29.6. The sum of the amortization added for fiscal year.
29.7. The profit (loss) recognized at leaving of such biological assets.
30. At application within fiscal year of sprayovedlivy cost of biological assets which are estimated according to Situation point 11 (standarta) 30 earlier, the following information is provided:
30.1. Structure of biological assets.
30.2. Justification of reliability of determination of sprayovedlivy cost.
30.3. Influence of change of an assessment on financial rezultaty.
31. Information on target financing, svyazanyony with agricultural activity, privoditsya on the following indicators:
31.1. Appointment and the sum of the target financing recognized by the income in reporting year.
31.2. Outstanding conditions of receiving the target financing, unforeseen events, the povliyavyoshy sums on reduction target a finansirovayoniya, and the reduction sum in this regard target financing in reporting year.
Annex to the Provision (standard) of accounting 30 Biological assets
Examples of biological assets and agricultural production
* productive animals who systematically give agricultural production and/or additional biological assets treat the main herd.
(On Balans-Agro newspaper materials).