In this article the explanation is given and the form No. 2 – m the report on financial results by subjects of the small business, working in the sphere of agricultural industry is filled and delivered.
BIOLOGICAL ASSETS In F
Subjects of small business (further – SMP), working in the sphere of agricultural industry, now for the first time (for 2007) make the No. annual financial form the 2nd The report on financial results taking into account requirements P (C) BU 30 Biological assets. Thus many accountants faced an unexpected problem. Let’s try to deal with it together.
In what problem essence?
On the one hand, it agrees P (C) BU 30 as a part of financial results (income) is necessary otrazhat:
• and the income of realization of agricultural products and bioyologichesky assets (further – OH), which assessment is carried out at fair value (a turnover of Kt 701) – to p. 010;
• and the income of initial recognition of a selkhozproyoduktsiya and additional OH (a turnover of Kt 710) – in p. 040. Let’s notice that a turnover of Kt 710 privoditsya also in entered p. 041 as p. 040 rasshifyorovka.
That is actually the income of initial recognition OH and agricultural products in f. No. the 2nd zadvaivayutsya.
On the other hand, and P (C) BU 25 Financial report of the subject of small business, and P (C) BU 30 demand reflection in f. No. the 2nd as a part of expenses of actually suffered expenses on production of agricultural products (material inputs, expenses on compensation, social insurance, amortization of non-turnaround assets and other operational rasxodov).
This situation leads to distortion of the general finanyosovy result of the enterprise (value of p. 190 is overestimated) that, in turn, is at the bottom of a disagreement of data f. No. the 2nd and f. No. 1st "Balance" (p. 350).
What exit?
Problem of such level only the Ministry of Finance if will make corresponding changes in P (C) BU 25 as which it is approved f completely can settle. No. the 2nd.
For now, so to speak, to begin with we will offer you two exits from current situation:
1) not to reflect at all the income of initial recognition OH and agricultural products in p. 040;
2) the sum of the income of initial recognition OH and agricultural products for a sbalansirovaniye of indicators to include in p. 130 structure Other operating expenses.
Certainly, both in that and in other case the accountant should break norms both P (C) BU. Therefore reyokomenduy to the annual financial report to attach the written explanation in any form of such compelled distortions.
That was more evident, we will consider filling f. No. the 2nd on a numerical example (a problem we solve by the second option).
Example
The actual expenses on production of a selkhozproyoduktsiya made 500 thousand UAH., including materials of-250 thousand UAH., a salary – 100 thousand UAH., insurance assignments – 40 thousand UAH., amortization – 20 thousand UAH., an other expenses (services of foreign organizayotsiya, taxes, etc.) – 90 thousand UAH.
Income of initial recognition OH and selyyokhozproduktsiya – 120 thousand UAH. (Dt 23 – Kt 710). Sales proceeds OH and agricultural products (without the VAT) – 620 thousand UAH.
The profit on primary activity (the rest on Kt 79) should make 120 thousand UAH. (620 thousand UAH.-500 thousand UAH.).
Let’s show, how will look f. No. 2nd (fragment).
And at last one more remark. If at initial recognition of agricultural products and additional expenses (there is a turnover of Dt 940 (Dt 84)) are OH recognized, no problem with the report is present. After all in the income the usual sales proceeds of the specified assets, and will get to expenses – costs of production plus expenses from initial recognition of assets which are considered at initial cost. And for all these data in f. No. the 2nd is "the" lines.
(On Balans-Agro newspaper materials).