Opening Balance Regulation

Original Language Title: Eröffnungsbilanzverordnung

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434. Regulation of the Federal Minister for finance on the establishment of the opening balance sheet (opening balance regulation)

Due to 121 paragraph 8 of the federal budget law for 2013, Federal Law Gazette I no. 139/2009, as last amended by BGBl. I no. 67/2010, is prescribed:

Table of contents



Type / clause





Subject / title







1 article General provisions







§ 1.





Subject matter and scope







§ 2.





Application of accounting regulation in 2013, references and authorization







2. section evaluation of fixed assets, intangible fixed assets, cultural goods, land and buildings







§ 3.





Tangible and intangible assets







§ 4.





Land







§ 5.





Plot grid procedures







§ 6.





Building







§ 7.





Cultural goods







3. section valuation of other assets







§ 8.





Cash and cash equivalents







§ 9.





Claims







§ 10.





Short - and long-term receivables and other assets







§ 11.





Valuation of receivables







§ 12.





Supplies







§ 13.





Investments







§ 14.





Economic ownership







4. section measurement of liabilities







§ 15.





Measurement of liabilities







5. section prepaid







§ 16.





Prepaid expenses







6 section measurement of provisions







§ 17.





General provisions







§ 18.





Provisions for litigation costs







§ 19.





Provisions for severance payments and anniversary gifts







§ 20.





Provisions for liabilities







§ 21.





Provisions for the remediation of contaminated sites







7 section of net assets, Federal guarantees and future pension expenses of the Federal Government







section 22.





Net assets







section 23.





Federal guarantees







§ 24.





Representation of future pension expenses







8 section evaluation of active financial instruments, debt and currency exchange agreement







§ 25.





Active financial instruments







section 26.





Financial debt and currency exchange agreement







§ 27.





Transfer of data of the allocation of active financial instruments, financial debt, currency exchange agreement and other derivative financial instruments







section 28.





Value of held-to-maturity financial instrument







section 29.





To fair value of an available-for-sale financial instrument







section 30.





Value of a currency swap agreement







§ 31.





Value of a foreign currency







9 section transfer of the data of the previous budget allocation







§ 32.





Acquisition of data and balances of payments







§ 33.





Acquisition of data and balances of assets and liabilities







§ 34.





Transfer of data of the system accounting







10 section consolidation







section 35.





Consolidation







11 section entry into force







section 36.





Entry into force





 

1 section

General terms and conditions

Subject matter and scope

1. (1) the provisions for the initial creation of the capital account (hereinafter called the opening balance sheet) are covered by this regulation within the meaning of section 22 of the Federal law governing the conduct of the federal budget (federal budget 2013 - BHG 2013), Federal Law Gazette I no. 139/2009, as last amended by Federal Law Gazette I no. 67/2010. The applicable domestic legislation of the Federal Government are to apply for the following asset accounts.

              (2) the opening balance regulation lays down further provisions for the assessment of



1 tangible fixed assets, intangible fixed assets, land, buildings and cultural goods (section 2), 2. other assets (section 3), 3. liabilities (section 4), 4. provisions (article 6), 5 active financial instruments, debt and currency exchange agreement (section 8).

Other provisions relate to prepaid expenses (article 5), net assets, Federal guarantees and future pension expenses of the Federal Government (section 7), transfer of the data of the previous budget allocation (section 9) and consolidation (section 10).

(3) every domestic governing body in accordance with article 6, paragraph 1 BHG 2013 has to create an opening balance sheet March 31, 2013, for the respective Untergliederung(en) of its scope according to the provisions of this regulation to the date January 1, 2013 and to carry out in particular the reviews referred to in paragraph 2 in accordance with this regulation.

(4) every domestic governing body has the opening balance sheet on the assets and liabilities accounts in the balance sheet according to the chart of accounts regulation 2013, 2013 to cover BHG for each estimate (VA post) in accordance with section 26.

(5) the Federal Minister of finance or the Minister of Finance has to create a consolidated opening balance sheet for the budget of the Federal Government. The consolidated opening balance sheet of the Federal Government includes all budget posts (VA posts). The opening balance of each breakdown can be shown in a separate annex to the opening balance sheet.

Application of accounting regulation in 2013, references and authorization

2. (1) the accounting regulation is 2013 (RLV 2013), the structure of the balance sheet, unless in the opening balance sheet regulation no else is regulated to apply. For the opening balance sheet the information specified in the RLV sections 14 to 21, 25, 27, 28 and 30 2013 are, provided that they relate to the date January 1, 2013, to specify in the annex.

(2) where this regulation 2013 or in any other legislation referenced in terms of BHG, these are to apply in their up-to-date version.

(3) the Federal Minister of finance or the Minister of finance is empowered to issue directives to the explanation of this regulation.

2. section

Valuation of tangible fixed assets, intangible fixed assets, cultural goods, land and buildings

Tangible and intangible assets

Include § 3 (1) tangible material items that are used as expected more than one financial year.

(2) intangible assets are identifiable non-monetary assets without physical substance. These are only then to capture if they were purchased in the opening balance sheet. Internally generated intangible assets may not be used.

(3) for the creation of the opening balance sheet, the domestic leading bodies pursuant to § 7 para 1 have 2013 completely to do the system directories BHG. Provided the information pursuant to § 34 for tangible and intangible assets, which were purchased or manufactured prior to entry into force of this regulation, not fully in the system directories, these are anyway to raise, if this is feasible with an administrative overhead standing in the ratio of. This is deemed to accept, if intangible assets or tangible fixed assets at acquisition or production cost of



1. more than 10,000 euros or 2. If they are purchased or made with a value of more than 1,000 euros after December 31, 2007.

(4) updated acquisition and manufacturing costs the original acquisition and manufacturing costs to understand, were reduced to the linear depreciation, which according to the use of life table of tangible and intangible fixed assets, which include GZ by Decree. BMF-111500/0016-V/3/2010, the Federal Ministry of Finance has been published, were determined.

(5) fixed assets are in the opening balance sheet for the updated acquisition or manufacturing costs and intangible assets the acquisition cost, to capture.

(6) the fixed assets are fully depreciated, are to include them in the installation directories and to start with a value of NULL.

(7) it is to examine whether a beyond the linear depreciation significant impairment of the asset can be. If this is the case, then the asset with the recoverable amount is to evaluate. The recoverable amount is the higher of the following two amounts:



1. the fair value, 2 the use value that results from the discounted future inflows of cash from this asset.


(8) advance payments for the acquisition of buildings, facilities, or at other investments are among the fixed assets as down payments separately.

(9) property and equipment and intangible assets are to represent in the annex to the opening balance sheet in an asset which has to contain at least information about the updated acquisition or manufacturing costs to the date January 1, 2013.

(10) army equipment may be exempted from the provisions relating to the valuation of tangible fixed assets (para. 1 to 9). If military assets are recognised in the opening balance sheet, the respective updated acquisition and manufacturing costs are according to the useful life for army equipment to be used.

Land

The information on the land on January 1, 2013, on Austrian territory are § 4 (1) to refer to the land or the land register for their evaluation. A different use than the use specified in the land registry or cadastre is actually given and clearly documented this is taken into account by budget-executive body in assessing.

(2) on Austrian territory land are



1. with the acquisition cost or 2nd with the value specified in existing reports or 3rd with the grid procedures (article 5) to evaluate.
For each plot of land is to apply the procedure that appears best suited for each case and yields the most reliable assessment result. The weighted surfaces are first level detail budgets according to objective criteria and, if established, to assign second-level.

(3) not on Austrian territory land are



1. with the acquisition cost or 2nd with the value specified in existing reports or 3rd by means of other evidence such as current average price investigations to evaluate.

It is to apply the procedure that appears best suited for each case and yields the most reliable assessment result. The weighted surfaces are first level detail budgets according to objective criteria and, if established, to assign second-level.

(4) rights pursuant to § 76 para 1 Z 2013 on land and land facilities representing orders 2 and 3 BHG and affect the value of the land, are taken into account in the assessment.

Plot grid procedures

5. (1) the grid in accordance with § 4 para. 2 Z 3 has to be carried out according to uniform principles for the Federal. But are able to take into account the size and type of use, as well as the use of land.

(2) the land are to be notified in use types and at most uses from the cadastre in assessment. A different use than the use specified in the land registry and cadastre is actually given and clearly documented this is taken into account by budget leading body for the assessment.

(3) with the following base prices, which were determined from the respective weighted average share price of actually held land transactions for any cadastral plots are to assess:



1. base price for construction areas and 2. base price for agricultural land.

(4) for the calculation of the base prices referred to in paragraph 3, the following regulations are relevant:



1 atypical transactions from gifts and transfers at unusually low or high prices shall not be considered.

2. There are no typical transactions in a part, so the average prices of the municipality or of the judicial district are to be used.

(5) the surfaces are to evaluate the base prices for the respective position as follows:



1. building area at basic prices for land, 2.
Agricultural land at basic prices for agricultural land, 3 Garden to 80 VH. the base price for construction areas, 4. vineyard to 200 VH. the base price for agricultural land, 5. Alpe to 20 VH. the base price for agricultural land, 6 forest 50 VH. the base price for agricultural land, 7 water to 50 VH. the base price for agricultural land, 8 other types of use to 20 VH. the base price for construction areas with the exception of wasteland, rock and scree areas and glaciers to 10 VH. the base price for agricultural land, 9 areas with military use to 50 VH. the basic price depending on the approach of Z 1 to 8.

Building

Building are § 6 (1) on Austrian territory to evaluate as follows:



1. opinion on buildings are available, these can be assessed according to the value specified. Also values from report similar types of buildings can be used.

2. acquisition or manufacturing costs are known, building can then be assessed and included in the opening balance sheet with the respective updated acquisition or manufacturing cost.

3. can not opinion com. used Z 1 to evaluate nor Z then is acquisition or manufacturing cost gem. 2, for building one of the following values to be applied: a) the sum of individually attributable updated maintenance and repair expenses incurred over a period of up to 40 years before the valuation date. This is not possible, are average values from the maintenance and repair expenses of similar types of buildings per m² or m3 in the opening balance sheet for building record.

b) average values of acquisition or production cost of buildings with similar functionality that have been purchased or manufactured during a period of up to 40 years before the valuation date.

For each building is to apply the procedure that appears best suited for each case and yields the most reliable assessment result.

(2) for the assessment of buildings not on Austrian territory, are to be used:



1. value information in existing opinion 2. rolling acquisition or manufacturing costs or 3 other evidence such as contemporary average price investigations or 4 individually attributable rolling maintenance and repair expenses. Only those expenses incurred over a period of 40 years before the valuation date is considered to be such. This is not possible, are average values from the maintenance and repair expenses of similar types of buildings per usable area for building in m to calculate square.

It is to apply the procedure that appears best suited for each case and yields the most reliable assessment result.

(3) rights, the dispositions according to § 76 para 1 No. 2 and 3 BHG 2013 buildings represent and have influence on the value of the building, are taken into account in the assessment.

Cultural goods

7. (1) cultural assets are assets, which have cultural, historical, artistic, scientific, technological, geophysical, environmental or ecological quality, and where the Federal Government will receive this quality for the sake of knowledge and culture.

(2) cultural property in accordance with section 91 paragraph 2 2013 are BHG to evaluate the respective acquisition or manufacturing costs, unless these are measured from reliable documents, or value specified in the present opinion. Such an assessment is not possible, the appropriate cultural assets in the investment accounts are (article 98 para 3 Z 1 BHG 2013) to capture without value.

(3) if buildings comply with the definition laid down in paragraph 1, these are according to § 6 to evaluate.

(4) a linear depreciation is not to make moving and historical heritage.

(5) cultural heritage are to include in the annex to the opening balance sheet.

3. section

Valuation of other assets

Cash and cash equivalents

Cash and cash equivalents are section 8 (1) be valued at their nominal value.

(2) amounts in foreign currency shall be converted (§ 31) at the benchmark rate of the European Central Bank (ECB). This is not available, are amounts in foreign currency at the respective national lower exchange rate to convert.

Claims

9. (1) when claims are all transactions giving rise to financial claims of the Federal Government to receive cash benefits, in the opening balance sheet to capture.

(2) claims are to break down into claims mirror attached to the opening balance sheet according to their maturity. Long-term receivables is the part that 2013 to pay off is within the financial year, as in the short term.

Short - and long-term receivables and other assets

§ 10 (1) short-term receivables are receivables with a maturity up to 12 months, and other assets are to point out to their nominal value and evaluate.

(2) receivables with a term of more than 12 months are as long-term receivables. Long-term, collateralised receivables amounting to over €10,000 are in accordance with section 80, paragraph 1, of the regulation on the implementation of the Federal Budget Act (Federal financial regulation 2013 - BHV 2013), BGBl. No. 266/2010, at the present value to evaluate II.

Valuation of receivables


Demands is § 11 (1) doubtful, they are individual written to capture in the opening balance sheet, if their recoverability (§§ 73 or 74 BHG 2013) is uncertain or impossible. Is the recovery of an amount receivable officio 2013 discontinued BHG pursuant to § 73 para 4 or BHG 2013 completely dispenses with the claim in accordance with section 74, the claim in full is written to record in the opening balance sheet. Receivables are to post, taking into account any turnover tax reclaims, if the recovery is finally fixed.

(2 simplified procedures in the event a specific allowance) are allowed, if they are appropriate.

Supplies

§ 12 (1) as supplies are in accordance with article 18 of the regulation on the management of federal assets (Bundesvermögensverwaltung regulation - BVV), to apply the following assets:



1. building materials, 2. raw materials, 3. supplies, 4. auxiliary materials, 5. 6 unfinished products products, 7 for distribution purposes finished provided items, 8 trade goods, 9 parts, 10 food or 11 feed.

(2) recognised supplies are to apply to production costs if their value exceeds EUR 5 000 per stock position. Supplies are to assess if their value exceeds EUR 5 000 per stock position at acquisition or production cost. Inventories and internally generated inventories are to evaluate with the lower value of the two following values:



1. value of original acquisition or manufacturing costs, 2. replacement value.

(3) inventories, not previously recorded in a storage directory must not be entered.

(4) similar provisions are applied to the first-in-first-out procedure (FIFO) in a group.

Investments

Section 13 (1) is the proportion of the Federal Government at another company or facility managed by federal institutions with legal personality to understand under a participation.

(2) participation is to evaluate the proportion of the Federal Government on the estimated net assets of the subsidiary. For the assessment, the individual financial statements of the financial year is 2012 to involve a participation in affiliated and associated companies and other participation as long as it exists at the time of the creation of the opening balance sheet. This is not yet available, the respective financial statements of the fiscal year 2011 to be used.

(3) investments in affiliated and associated companies and other investments are separately.

(4) an "associated company" is with a share of more than 50 VH. to take in equity (net assets) of the company. Furthermore is an "associated company", if the Federal Government has the control or control over a company. "Control of an affiliated company" is then to assume that, if the Federal Government has the opportunity to determine the financial policy and the operational activities of the company. In this case, the companies 'investments in affiliated companies"in the opening balance sheet are to expel.

(5) an "associated company" is at a ratio of about 20 VH. and up to 50 VH. to take in equity (net assets) of the company. The Federal Government has a major impact on a company, the shares of the company are as "Participation in associated companies" in the opening balance sheet. A "significant influence" is then to assume, if the Federal Government has the opportunity to participate in the financial policy and the operational activities of the company and to influence, without the presence of a check or control.

(6) below the participation limit of 20 VH. share in equity (net assets) of the company is to assume a "other investment". The decisive influence on the company associate until then, ends then the participation is from then on as "other investment".

(7) by federal institutions managed facilities with own subject to legal personality, or that the supervision of the Federal companies under public law and public institutions - except the makers of social security - are valued at the estimated net assets. Universities I no. are 120/2002, according to the University Act 2002 (UG 2002), Federal Law Gazette with the respective net assets in the opening balance sheet as "net assets universities" to capture.

(8) has grouped according to affiliated and associated companies and other investments, as well as the universities according paragraph 7 annexed to the opening balance sheet in a participation mirrors (attachment of the RLV 2013) to represent the main subsidiaries, contain at least the following information:



1. the ownership of the Federal Government, 2. the voting rights of the Federal Government, 3. equity of the respective rights, 4 the equity share at the date of January 1, 2013.

Economic ownership

Section 14 (1) the Federal Government has to record assets even in the opening balance sheet, if he is only beneficial owner.

(2) economic ownership exists if the Federal Government used without being economically as an owner, there is about one thing, by having them in particular, civil owners, who holds power over them and bears the risk of loss or destruction.

4 section

Measurement of liabilities

Measurement of liabilities

Section 15 (1) than liabilities to cover business cases, establish the obligations of the Federal Government for the provision of cash benefits. Liabilities are to be observed when the amount and due date are detectable in the opening balance sheet.

(2) liabilities are to evaluate your payment amount.

(3) to be assigned the level of liability liabilities (attachment of the RLV 2013 - liabilities) are to break down in the annex to the opening balance sheet according to their maturity. Long-term liabilities is the part that is to pay off within the next year to identify as a short term.

5. section

Prepaid expenses

Prepaid expenses

§ 16. For the creation of the opening balance sheet a time limits of expenses and income in accordance with article 40, paragraph 1 and paragraph 5 is BHV for substantial amounts 2013 to 31 December 2012. These criteria are to indicate the active and passive balance sheet accounts provided in the chart of accounts regulation for 2013.

6 article

Measurement of provisions

General provisions

Provisions are section 17 (1) to record in the opening balance sheet in accordance with §§ 17 to 21 and annexed to the opening balance sheet in a default mirror (System of the RLV 2013 - provisions) to identify, the information of the State of which contains provisions on 1 January 2013.

(2) to the current provisions, to assess the estimated amount of payment are, count anyway



1. provisions for litigation costs (section 18) and 2. provisions for outstanding invoices, if their value each at least 50,000 euro in total is.

(3) to long-term provisions, to assess the present value are, count anyway



1. provisions for severance payments and anniversary gifts (§ 19), 2. provisions for liabilities (article 20), and 3. provisions for the rehabilitation of contaminated sites (section 21) 4. other non-current provisions, if their value is at least 100,000 euros.

(4) for the existing of federal employees on December 31, 2012 and not consumed by that time holiday demands, short-term provisions must be formed (provision for unused vacation).

(5) for time credit for the teaching staff of the Federal and State Governments, a long-term provision is to make (provisions for time balances teaching staff).

(6) the Federal Government for a retroactive asked commitment expected a refund of any third party or any other third party, it must be as a demand to apply. The amount of the claim may not exceed the height of the default plus already amounts applied to.

Provisions for litigation costs

Provisions for litigation costs are 18th (1) to capture in the opening balance sheet, if



1. your height be reliably measured, 2. they are the subject of a dispute or is likely to be and 3 with a use must be reckoned with overwhelming probability.

(2) a litigation in accordance with para 1 Z 2 are to be seen:



1 international, unions -, civil and public law litigation involving the Federal Government as plaintiff or defendant or any other party to the procedure, 2. by third parties made announcements that a situation with overwhelming probability subject to a dispute will be made, or 3 cases in which the Director or the head of a household-leading authority of the view is, that a situation will probably be made subject-matter of a dispute.

(3) in the valuation of provisions for litigation costs are all known circumstances and probably hitting increasing risks to include. In particular, these are:



1. the estimated amount of payment, 2. imminent interest and 3.

Court fee to the court fees Act, Federal Law Gazette No. 501/1984, according to the Administrative Court Act 1985, Federal Law Gazette No. 10 / 1985, costs of legal assistance including impending cost obligations of legal assistance of to the other party and other costs of third-party claims.

Provisions for severance payments and anniversary gifts

Section 19 (1) is the determination of provisions for severance payments and anniversary gifts in the opening balance sheet automatically through the payroll according to section 98 subsection 3 4 BHG 2013 to be Z.

(2) the provisions for termination and jubilee benefits are to determine the date January 1, 2013, according to the projected unit credit method. This is the amount of vested at the time of the expected claim to determine. This amount is then financial returns on the service time to distribute (service time shares).

(3) for the calculations, the headcount is to attract on December 31, 2012. It is to distinguish groups of servants, for the



1. no claim, 2. a full claim and 3. a reduced entitlement.

(4) the basis for the determination referred to in paragraph 2 is the monthly fee within the meaning of section 8a of the contract staff Act 1984 (VBG), Federal Law Gazette No. 86/1984, plus child allowance or monthly reference pursuant to section 3 of the salary Act of 1956 (GehG), Federal Law Gazette No. 54/1956.

(5) from the application resources allocation the required data are not later than 31 December 2012 for any officials and any officials for the creation of this opening balance sheet to use:



1 date of birth, 2. the entry date, 3. the anniversary - and clearance date, 4. the sum of the monthly fees or monthly remuneration in accordance with paragraph 4 for the financial year 2012 at the time of the discovery, 5. the kind of employment and 6 sex.

Provisions for liabilities

According to § 82 BHG 2013, where a settlement is assumed at least by overwhelming probability, are § 20 (1) for Federal liability provisions. Provisions are



1. for individual liability or 2 for similar liabilities according to certain risk groups combined to form.

(2) that Z 1 determination of the provisions referred to in para 1 is done on the basis of a risk assessment of the respective liability.

(3) for high-risk groups referred to in paragraph 1, Z 2 is a vast probability to assume if the Federal Government in the past has been frequently, regularly and over a longer period of time to complete. The provisions for risk groups is calculated on the basis of the experience of at least five financial years.

Provisions for the remediation of contaminated sites

Provisions for the remediation of contaminated sites are § 21 (1) to make for



has to assume 1 associated with the detailed budgets of federal and 2. properties where the Federal Government due to lack of recoverability for private owners or owners the Elimination of old burdens.

(2) the recording in the opening balance sheet has to be made, unless a use with overwhelming probability must be expected.

(3) claims for recourse are only then provision reduces to consider if these are legally enforceable and collected. Personnel costs or any other own resources are not include in the review.

7 section

Net assets, Federal guarantees and future pension expenses of the Federal Government

Net assets

section 22. The balance of the sum of the enabled assets minus the sum of deferred debt is from the opening balance sheet at the date 1 January 2013 under the net assets to be balance.

              Federal guarantees

Section 23 (1) Federal guarantees are BHG 2013, which were taken over by the Federal Minister of finance or the Minister of Finance on the basis of statutory appropriations according to § 82 to represent in the annex to the opening balance sheet with the 2013 particulars in accordance with RLV and the outline of the RLV 2013 (see equipment).

(2) there are to determine the contingent liabilities of the acquired liabilities and to represent in the annex to the opening balance sheet. As a contingent liability is a possible obligation to look at, the existence of which has yet to be confirmed by occurrence or non-occurrence one or more uncertain future events. A contingent liability can be a present obligation from past events, of an outflow of economic benefits is not probable or the amount of the obligation can be estimated reliably enough. Contingent liabilities must be determined from:



1. the State of the Federal guarantees to January 1, 2013, 2. NET of provisions for liabilities.

Representation of future pension expenses

Section 24 (1) the Federal Minister of finance or the Minister of Finance has the withdrawals and deposits for pensions, to ensure that the Federal Government has in absolute amounts, as well as to represent the pro rata to the respective gross domestic product (GDP) for the previous financial year and estimated for the current financial year and the next 30 years of financial.

(2) there are also the withdrawals and deposits of all the pension insurance institution for the previous financial year and estimated for the current financial year and the next 30 financial years to represent. Data sources, assumptions, and calculation methods are to explain.

(3) the contribution of the Federal Government on the statutory pension insurance institution is for the previous financial year and estimated for the current financial year and the next 30 financial years to represent.

8 section

Evaluation of active financial instruments, debt and currency exchange agreement

Active financial instruments

25. (1) under an active financial instrument is a contract to understand the



1 to the Federal Government to a financial asset, and 2. a third party or a third party leading to a financial liability or equity instrument.

(2) active financial instruments are to allocate in the opening balance sheet of clearly one of the three following categories:



1 financial instruments held-up to or 2 for sale available financial instruments or 3. securities of the Republic of Austria.

(3) in the category "to financial instruments held to maturity" are all active financial instruments with fixed or determinable payments, as well as a fixed term, for which the Federal Government really intends and also has the ability to hold them up to their maturity, to classify, if these were not assigned to the category "available for sale" in access. These financial instruments are in the opening balance sheet at amortized cost – or minus the attributable to the expiration of the December 31, 2012 difference between the acquisition cost and the amount at which the financial instrument can be fulfilled, to capture. The cost includes premiums (premium) and Abgelder (discount). A credit-related impairment is then to be observed when the ability of a debtor or a debtor to meet her or his payment obligations, is impaired in the opening balance sheet.

(4) in the category "financial instruments available for sale" are to classify all active financial instruments, which were determined at initial recognition as such. These financial instruments are in the opening balance sheet at fair value.

(5) in the category "Securities of the Republic of Austria", all acquired securities of the Republic of Austria are to classify and assess the nominal value.

Financial debt and currency exchange agreement

Section 26 (1) financial liabilities in accordance with § 78 are BHG 2013 and currency exchange agreement in accordance with §§ 79ff BHG, to capture in the opening balance sheet. For the information to be created in the annex to the opening balance sheet section 16 applies RLV 2013.

(2) financial liabilities are to assess the nominal value.

(3) the financial debt in foreign currency, as well as the associated currency exchange agreement are at the reference rate of the ECB on the date 31 December 2012 to be converted (§ 31).

(4) interest liabilities are for the pro rata to the financial years prior to the period covered January 1, 2013 in the opening balance sheet to apply and to assess the amount of the payment.

(5) premiums (premium) and Abgelder (discounts) are to spread over the term of the debt or of the currency swap agreement. The portion of the premium or discount, which relates to the period after 31 December 2012, is in the opening balance sheet on the assets and liabilities balance sheet accounts laid down in the chart of accounts regulation 2013.

(6) under currency swap agreement are to understand hedging transactions of the Federal Government with a party or a Contracting Party, where the Federal Government and the party or the parties undertake to Exchange specific amounts at specific times.

(7) accounts receivable under currency swap agreement are be valued at their nominal value and liabilities under currency swap agreement at the redemption amount.

(8) in the opening balance sheet, seizures claims Federal gem. § 34 paragraph 1 are to expel 19 BHG Z 2013 under short-term liabilities and to assess the amount of the payment.


(9) other derivative financial instruments must be evaluated at fair value.

Transfer of data of the allocation of active financial instruments, financial debt, currency exchange agreement and other derivative financial instruments

§ 27. The active financial instruments held with deadline December 31, 2012, financial debt, currency exchange agreement and other derivative financial instruments of the Federal Government are to take over with at least the following content in the domestic clearing systems from 1 January 2013:



1. identification of financial instruments, 2. classification in a) active held-to-maturity financial instruments, b) active available-for-sale financial instruments, c) securities of the Republic of Austria, d) financial liabilities, e) receivables under currency swap agreement, f) liabilities currency swap contract and g) other derivative financial instruments, 3rd day of the acquisition (commencement date), 4. settlement date (redemption date), 5 coupon date, 6th notional amount, 7 deposits with issuing a financial debt, 8 cost of active financial instruments , 9 dates for part repayments, 10 amounts of partial redemptions and 11 commissions and expenses of a financial instrument.

Value of held-to-maturity financial instrument

Section 28 (1) the proportional difference between the acquisition cost and the amount at which the financial instrument can be fulfilled, is as follows automatically in the application financial liabilities under section 98, para 3 Z 6 BHG 2013 to determine:



1. it is to determine the run-time in days from the difference between the settlement date and the day of the purchase.

2. it is the difference between between 31 December 2012 and the day of the purchase to determine the proportional term days.

3. from the nominal value are to deduct the cost and to divide by the run-time in days after no. 1.

4. it is to multiply the daily difference no. 2 to no. 3 with the proportional term.

(2) the value of the financial instrument stems from the acquisition cost plus the pro-rated difference referred to in paragraph 1 Z 4.

(3) the value determined under paragraph 2 is to apply to short term and long term held-to-maturity financial instruments.

To fair value of an available-for-sale financial instrument

29. (1) the fair value of any "available-for-sale financial instrument" has the closing by December 31, 2012 this financial instrument on the Vienna Stock Exchange or if this is not available, the XETRA closing price or if this is not available, to suit the closing price of at least comparable trading platform or a quotient of the market.

(2) to calculated time value according to para 1 is to apply to short-term and long-term available-for-sale financial instruments.

Value of a currency swap agreement

Section 30 (1) is a currency exchange agreement in a claim and a liability to distribute. Each clearly establish in what currency is it these claims, and in what currency are these liabilities.

(2) assets and liabilities from currency swap contract are to write a gem. § 26 par. 7.

Value of a foreign currency

§ 31. Runs a value in a foreign currency, this is at the benchmark rate of the European Central Bank (the ECB reference rate) at the end of 31 December 2012 in euro to be converted.

9 section

Transfer of the data of the previous budget allocation

Acquisition of data and balances of payments

32. (1) includes the acquisition of data and balances of payments:



1 the master data: Banks directory and bank accounts of the Federal Government, and 2. the ending accounts; the bank clearing accounts of the Kontenklassen 2 and 9 at the end of 31 December 2012.

(2) all balances have no. 2 referred to in paragraph 1 to comply with the bank statements to 31 December 2012 and are to take.

Acquisition of data and balances of assets and liabilities

Section 33 (1) the applications of the following balances are to take each according to their maturity as a short-term or long-term receivables and liabilities:



1 HV system, 2. UGL 987 advances of maintenance payments, 3. UGL 990 payroll, 4. UGL 993 taxes, 5. UGL 996 inch, 6 UGL 997 unemployment insurance and 7 UGL 998 pensions.

(2) the balances referred to in paragraph 1 are to take over at the end of 31 December 2012 in the opening balance sheet for each detail budget. In order to avoid ambiguity of the data, the directors and head of household leading digits have to maintain all due dates. The leaders and head of household leading bodies have to ensure of a proper and timely data transfer from the entry into force of this regulation in the HV system as possible date to record the receivables and liabilities.

(3) the demand level pursuant to section 9 para 2 and the level of liability according to § 15 para 3 is to create on the basis of due date indicated in the applications referred to in paragraph 1.

Transfer of data of the system accounting

34. (1) are off the system accounting to determine following data according to detailed budgets separately with date of 31 December 2012:



1. name asset, 2. EAC code (System code), 3. inventory number 4 date of access, 5 original acquisition and manufacturing costs, 6 life of using life table of tangible and intangible fixed assets, by Decree, GZ. BMF-111500/0016-V/3/2010, the Federal Ministry of Finance has been published, as well as 7 rolling acquisition or manufacturing costs to the end of 31 December 2012.

(2) the updated acquisition or manufacturing costs are no. 7 referred to in paragraph 1 to identify BHV 2013 after the write-off procedure according to § 49 para 5.

(3) to create the opening balance sheet, the leading budget places have to lead the investment accounts in the application of FI-AA the date December 31, 2012.

10 section

Consolidation

Consolidation

35. (1) has the consolidation of the opening balances of all detail budgets initially at the level of the breakdown and the connection to be made at the level of the overall budget.

(2) perform the following consolidation steps are:



1. summation of all assets and liabilities balance sheet accounts and the balance of the opening balance sheet and 2 Elimination of assets and liabilities within the Confederation.

11 Chapter

Entry into force

Entry into force

section 36. This Regulation shall enter into force on the day after its announcement.

Fekter