313. Regulation of the Federal Minister of Finance: estimates - and invoice final regulation 2015 - VRV 2015
On the basis of § 16 para 1 of the financial Constitution Act 1948, BGBl. No. 45/1948, as last amended by Federal Law Gazette I no. 51/2012, is in agreement with the Court of Auditors prescribed:
Table of contents
General terms and conditions
§ 1 scope § 2. budgetary principle § 3 order, structure and components of households 2. section
§ 4. period estimate § 5 components of the estimates § 6 breakdown of the estimates § 7 General principles of § 8 revenue and expenditure groups in the earnings estimate forecast § 9 Finanzierungswirksame and non-effective financing income and expenses § 10 quoting rules in the earnings estimates section 11 saving and deposit group in the funding estimate § 12 exceptions from the estimate in the funding estimate (not estimate effective management 3. section)
Clearance of accounts
§ 13 principles of accounts § 14 time limits § 15 components of the financial statements § 16 estimate comparative calculations § 17 net income and net financial balance § 18 outline of the balance sheet article 19 selection and valuation rules § 20 cash § 21 claims § 22 stocks § 23 investments § 24 tangible and intangible assets § 25 cultural assets (tangible) § 26 liabilities § 27 budget reserves and cash reserves § 28 provisions § 29 provisions for costs § 30 provisions for liabilities § 31 provisions for pensions (vote) § 32. financial debt § 33. active financial instruments § 34. derivative financial instruments § 35. net assets § 36. investment grants (capital transfers) § 37. inserts the accounts
Transitional and final provisions
§ 38. creation of the opening balance sheet § 39. transitional provisions article 40 entry into force 1 section
General terms and conditions
1. (1) this Regulation applies to countries and communities, hereinafter referred to as local and regional authorities, and their economic activities, operations and operating similar institutions without legal personality. It provides shape and breakdown of estimates and accounts.
(2) for economic activities, operations and operating similar facilities referred to in paragraph 1, which create their own economic plans and the other legal regulations (company code, commercial code; International financial reporting standards, IFRS) apply, without attachments individually to resolve the business plans and financial statements the budget and the accounts of the authority and to summarize at the first level with the total budget for the earnings and balance sheet. The supplements to the budget and the accounts of the authority are to create with the details of these units.
§ 2. The budgeting and accounting is carried out by means of an integrated result -, financing and capital budget.
Order, structure and components of households
The budget consists of 3. (1) the result, the financing and the capital budget.
(2) in the budget of result of, income and expenses are accrual basis to delineate. Income is the increase in value, regardless of the actual date of payment. An effort is the use of value, regardless of the actual date of payment. The budget of result of consists of the earnings estimate and the statement of income.
(3) in the financing budget, deposits and withdrawals are to capture. A deposit is the inflow of liquid assets in a financial year. A withdrawal is the drain on liquidity in a financial year. The funding budget consists of the financial estimate and the financial accounts.
(4) in the financing budget is to distinguish between the general public, which includes the operational and investment activity of the authority, and the cash flow from financing activities. The operative management includes and payouts from the administrative operations and current transfers. The investment management includes deposits and withdrawals from investment activities, from the granting and repayment of loans and advances granted, as well as capital transfers. The difference is the net borrowing of the General management of deposits and withdrawals to the operational and investment activity.
(5) cash flow from financing activities comprises the deposits and withdrawals from the financing activities of the authority.
(6) the capital budget must be at least as capital account. These listed stocks and ongoing changes of assets, the debt and the net assets (counterpart). The capital budget is to be broken down into short-term and long-term components.
Time of estimate
Section 4 (1) which is to create for the calendar year as the financial year estimate.
(2) for budget restorations, supplementary estimates, these provisions shall apply mutatis mutandis.
Components of the estimates
The estimate consists of § 5 (1)
1. the earnings estimate in the outline according to § 6, 2. the financing estimate in the outline according to § 6, 3. the establishment plan for the general budget and 4. the supplements according to para 2 and 3.
(2) the estimates are to precede
1. the overview of the income and expenses from the earnings estimate, divided into Mittelverwendungs - and -application groups at the first level for the general budget (annex 1a), 2. the overview of the deposits and withdrawals from the financial budget, divided into Mittelverwendungs - and application groups at the first level for the general budget (annex 1B), 3 the Voranschlags-and Bill cross sections (systems 5a and 5b).
(3) the estimate has to contain further following inserts:
1. the personal data in accordance with the latest Austrian stability pact; d.i. the estimate based on a proof of the expenses for personnel, divided into civil servants, contract, and other servants, as well as about the pensions and emoluments of peace including the specified number of rest and pleasure beneficiaries (annex 4), 2nd proof of transfer payments from carriers and carrier of public law, to break down are at least sectors of the State and approaches (Appendix 6a) , 3. a proof of contributions to and withdrawals from cash reserves and fiscal reserves (annex 6 b), 4 proof of the expected level of financial debt at the end of the financial year preceding the budget year, as well as debt management in the budget year with the following information: repayment, interest, debt service as a whole, debt service service rates, net debt and runtime (attachments 6 c to 6e), 5 proof of financial debts of hospitals or operating companies of the countries (including Vienna) (annex 6f) , 6 proof of the estimated budget internal remuneration (annex 6 g).
Outline of the estimates
6. (1) the estimate is para 2 to 9 taking into account to represent. The outline of the estimates depends on the countries optional paragraph 2 or paragraph 3, to the municipalities pursuant to paragraph 3.
(2) of the countries (including Vienna) are, if not the representation is elected pursuant to paragraph 3, to take into account the following classification criteria:
1. the estimate is complete and according to objective criteria to inform area budgets. A field budget is equivalent to a policy or task field or a highly aggregated unit with clear political responsibility.
2. each area budget is to split completely and according to objective criteria in one or more global budgets. A global budget concerns a factually related task pane.
3. global budget is completely split into one or more detailed budgets. The establishment of detailed budgets must be as organ-oriented and based on objective criteria. A detailed budget of first level can be divided into detail budget of second-level of the same global budgets if this is appropriate for administrative-economic reasons or to the transfer of budgetary responsibility.
4. subsections (3. Decade) defined in the approach (Appendix 2), as well as any further divisions are clearly and fully associate the corresponding detailed budget in a systematic way. A breakdown of the estimates according to para 3 is optional.
(3) from the communities and optional by the States (including Vienna) following outline criteria to be considered are:
1. the estimate is according to the Decade numbered approach directory into groups (1st Decade), to rearrange sections (1st-2nd Decade) and subsections (1st to 3rd Decade) (annex 2). The certificate of budgets has to be ascending in the Decade form of the approach directory.
2. There are at least the Group (0-9) the approach directory (annex 2) as a single area budgets (ten) to expel.
3. each area budget can be divided completely on demand by using the approach Directory global budgets.
Each global budget can be divided completely on demand by using the approach directory detail budgets.
(4) for the general budget and for every budget range is a result - and funding estimate to represent. Is a field budget is divided into multiple global budgets, a result - and funding estimate to deport is for every global budget also. This applies correspondingly to detail budgets. The presentation is based on the Mittelverwendungs-specified in annex 1a and annex 1B and application groups. For the general budget, as well as for the scope and global budgets are Mittelverwendungs - and application groups at the first level (MVAG 1) and for the detailed budgets at second level (MVAG 2). Is a range of budget or a global budget is no longer divided, this is up to the second level of the Mittelverwendungs-and application groups. Cash expenditure set in the result estimate the expenses (§ 8) and in the funding estimate the payments (section 11). Central boarding make in the earnings estimate the income (section 8) and in the funding estimate the deposits (section 11).
(5) in the result - and financing estimates are the values for the to be decided estimate to prepend the values of the current and previous financial year. Is for the appearance of the previous financial year, if available, the accounts to be used. Earnings and finance estimate can be assigned next to each other.
(6) the estimate is independent of the breakdown of the estimate at least on the third decade of the approach directory (subsection, Appendix 2) and complete using the chart of accounts. For any further subdivisions are the fourth and fifth decade of an approach to be used. The numbering of the sixth decade of an approach aimed according to annex 2. If necessary you can be described in annexes 3a and 3B represented accounts in up to three more decades. In addition, a budget note can be specified.
(7) the budgeted income and expenses and deposits and withdrawals are to designate in a detailed proof on Kontenebene. These are according to the outline of the estimates to arrange ascending on the basis of the chart of accounts. The values of the financial year to be decided are to prepend the values of the current and previous financial year. Is for the appearance of the previous financial year, if available, the accounts to be used. Earnings estimate (income, expenses) and funding estimate (deposits, withdrawals) can be shown side by side. Means of boarding (income, deposits) of the relevant subsection are to expel before cash expenditure (expenses, withdrawals) of each subsection, and to sum up.
(8) detailed evidence on Kontenebene is not mandatory to identify, unless the authority applies the principle of efficiency orientation in financial management and accounting according to the agreement in accordance with article 15a B-VG on common principles of financial management.
(9) the use of in the annexes 2 and plants 3a or 3B not provided outline elements is prohibited.
(10) the authority has the components referred to in § 5 of the estimates on the Internet accessible and without to provide protection of personal information.
General principles of evaluation
All the following financial year to expected cash expenditure and expected boarding of means of are § 7 (1) in the estimates separated and in full (gross) to record.
(2) the estimate values are calculated, if this is not possible, to appreciate this.
(3) the budget amounts are set in euro amounts divisible by 100.
(4) means of boarding (deposits and income) and cash expenditure (disbursements and expenses) are for projects that extend over several financial years, to quote only with the part attributable to the respective financial year.
(5) financial internal allowances are anyway, then quoted, if charges for services actually rendered by economic activities, operations and operating similar facilities, or such. The allowances are to be evident to those.
Income and expenditure groups in the earnings estimate
Section 8 (1) which accrued income is accrual basis to subdivide (1st level of application group) into the following income groups:
1 income from administrative operations, 2. income from transfers and 3. financial income.
(2) the periodically accrued expenses is to be broken down (1st level of the agent using Group) in the following work groups:
1. personnel expenses, 2. administrative expenses (without transfer), 3. transfer costs, and 4. financial expenses.
(3) personnel expenses covers include minor and kind as well as employer contributions and voluntary social benefits for the employees along with. Do not include personnel expenses remuneration of elected bodies (administrative expenses) as well as advances to cover receivers or pensioners (loan).
(4) administrative expenses is the effort to understand, can be mapped to the personnel, yet the transfer nor the financial expenses.
(5) transfer expenses expenses for the provision is one cash performance, without getting a reasonable monetary compensation for this directly, understand. This also applies to sponsorships. The cost for interest-rate or amortization beneficiaries money loans, Annuitäten-, understanding interest rates or credit grants, as well as other non-repayable grants of money, which granted the authority of a natural or legal person for a this provided or intended performance, which is a substantial, perceiving by the local authority to public interest, is under a promotion. In the case of transfers of capital, article 11, paragraph 5, and section 36 must be observed.
(6) the financial expenses comprise at least all expenses for interest, regardless of the maturity of the underlying financing, as well as other financial expenses.
(7) in order to cover over scheduled and unscheduled expenses tonic can be estimated.
(8) in the earnings estimate, the net income attributable to the difference between the sum of the income and the amount of the expenses, is to represent.
Financing effective and non-effective financing income and expenses
§ 9 (1) Finanzierungswirksame expenses are expenses that lead to a direct outflow of funds. No financing expenses are expenses which result in the respective financial year not immediately to an outflow of funds, but arising from changes in the balance sheet positions. Funding effective income are income, leading to an inflow of funds. Not funding effective income is income that does not immediately lead to an inflow of funds.
(2) no financing expenses may no be reallocated according to para 3 in favour of more effective financing expenses.
(3) when not financing expenses and income are at any rate, to quote:
1. depreciation of tangible fixed assets and intangible assets, 2. expenses arising from the impairment and write-off of receivables and income from the reversal of value adjustments, 3. expenses from the funding and income from the reversal of provisions following: a) for severance pay and anniversary gifts, b) for costs, c) for liability, d) for the rehabilitation of contaminated sites, e) for pensions (in exercise of the right to vote pursuant to § 31) , 4. other not financing expenses, which may arise from changes and reviews of the assets and the borrowed funds and 5. remuneration in kind.
Quoting rules in the earnings estimate
Income from economic activities, taxes and tax-related income are section 10 (1) to quote, they are economically attributable to for that financial year.
(2) the assignment referred to in paragraph 1 is not possible, is the yield at the time of the inflow of liquid assets attributable to.
(3) duties without regard to a purpose only if section 92, "Public duties", are quoted as income. This does not apply to charges for the use of community facilities and equipment, as well as for interested party contributions from property owners and residents. These can be quoted in the relevant Community institution or facility as income.
(4) the income of the individual municipalities of income shares in the community federal taxes are to quote as they result after deduction of the municipality Bedarfszuweisungsmittel in height.
(5) income from grants and subsidies are at section 94, "financial transfers and subsidies", than to quote operational income. Insofar as they are supposed to benefit a company, operation-like body or an economic enterprise, they can during operation, similar to operation set up or the economic enterprise if it is no own economic plan, as income is estimated. Required assignments are for communities of these depending on the character of income (capital transfer or transfer) to quote.
(6) income from transfers are tributaries of transactions without direct exchange of services and to quote the transfer is granted for that financial year. The assignment is not possible, is the yield at the time of the inflow of liquid assets attributable to. Preserved capital transfers are in accordance with the useful life of the asset for which they are granted, to differentiate and to resolve each year according to income.
(7) personnel expenses is to quote, for that is the consideration for the service provided by the staff for that financial year.
(8) administrative expenses is to quote it to assign economically is for that financial year. Rent and other continuous obligations are attributable to the financial year for which they are incurred.
(9) the transfer cost is to quote it to assign economically is for that financial year. Not possible, is apportioned an imputation at the time of payment. Multi-year transfers are to quote for that financial year as an expense and to capture, for which they are granted.
(10) income and expenses for interest rates are to quote interest rates refer to that regardless of the interest payment for that financial year. Income from and expenses for interest and derivative financial instruments are quoted gross to the financial income or financial expenses. Premiums (premium) and Abgelder (discounts) are accrual basis as quoted financial expense and financial income. All fees and commissions in connection with financing activities are not to distribute the run-time of capital, but to quote at the time of payment.
Withdrawal and deposit group in the financial estimate
Deposits and withdrawals to the operational management are § 11 (1) to integrate at least in following Mittelaufbringungs and using groups (annex 1B):
1. proceeds from operating management activities, 2. proceeds from transfers, 3. proceeds of financial returns, 4. payouts from personnel expenses, 5. any withdrawals made on administrative expenses, 6 payments from transfers, 7 payouts from financial expenses.
(2) the resulting due to estimate values for earnings estimates are applicable also for the funding estimate. The sum of the effective financing expenses corresponds to the payouts from operational management activities (personnel, material and financial expenses) and transfers in the financial estimate. In justified cases, corrections can then be made when to expect is that the flow of money into another financial year.
(3) a - deposits and withdrawals of investment management are to integrate at least in following Mittelaufbringungs and using groups (annex 1B):
1. proceeds from the investment activity, 2. proceeds from the repayment of loans and granted 5. disbursements of loans and advances granted, 6 withdrawals from capital transfers 4. payouts from the investment advances, 3. proceeds from capital transfers (investment subsidies),.
(4) as proceeds from the investment proceeds on disposal of tangible and intangible fixed assets, as well as from the sale of shareholdings can be understood. Payouts from the access of tangible and intangible assets if their value exceeds 400 euros, as well as the access of shareholdings are as withdrawals from investment activities. Payments for the production of movable assets on their own are not as quoted payouts from the investment.
(5) proceeds from capital transfers (investment subsidies) are deposits that cause the local authority investments, to understand. Investment grants are reported in the balance sheet on the liabilities side. Section 36 should be noted. Withdrawals from capital transfers are payments which cause a third party investments, to understand. The income this is allocated to the transfer costs, an asset of the authority does not.
(6) the result of the funding estimates for the operational and investment management is the net financial balance. The net financial balance is to balance on the cash flow of financing activities.
(7) in the cash flow from financing activities are quoted according to annex 1 b following - deposits and withdrawals:
1 proceeds from the recording of financial debt, 2. proceeds from incoming temporarily increasing cash money liabilities, 3. deposits entered 5 payouts from the repayment of financial debts, 6 withdrawals from the repayment of temporarily to the strengthening of cash as a result of capital Exchange in derivative financial instruments, 4. proceeds from the disposal of financial assets, financial obligations, 7 payouts as a result of capital exchange for derivative financial instruments and 8 disbursements for the acquisition of financial assets.
Exceptions to the estimate in the funding estimate (not estimate effective management)
§ 12 (1) deposits, which are not final for the authority accepted but to pass on to third parties, and as payouts, not performed in fulfilment of tasks of the authority, but for the account of a third party, shall apply in particular:
1. deposits and withdrawals in connection with cash taken into custody (depositary funds), 2nd deposit, the purpose of which is still not possible to determine at the time of their arrival, as well as their Rückzahlung (a temporary evidence), does 3. proceeds from taxes and surcharges to levies, which the local authority for other legal entities of public law lifts up, as well as their forwarding, 4. payouts, an authority for third parties, and to pay back these are (advances) , 5. deposits, which erroneously provided or subsequently dropped the legal basis for that, 6 single and disbursements from revenue and pre tax left, unless the territorial entity or part thereof in accordance with the provisions of the VAT Act 1994 to remove the sales tax is obliged or entitled to the input tax deduction, 7 on name and account of another legal entity with the Austrian Federal financing agency loans taken up and completed derivative financial instruments.
(2) the payments and receipts referred to in paragraph 1 are not quoted (not estimate effective management).
(3) the ineffective estimate recorded deposits and withdrawals are up to the end of the current financial year so to compensate, as only those amounts should be designated as ineffective to estimate which factual and temporal reasons are justified. Balances open at the end of the financial year are to explain in the supplement to the financial statements.
Clearance of accounts
Principles of accounts
Section 13 (1) which is to create for the calendar year as the financial year accounts.
(2) the transfer has in full (gross), i.e. complete, unabridged and without mutual set-off or netting, to be carried out.
(3) the transfer shall be effected in accordance with the chart of accounts for countries (annex 3a) and municipalities (Appendix 3 b). The chart of accounts contains the accounts for the result, the financing and the capital account. All closing are made entirely in the results to transfer assets and financial accounts.
(4) the provisions on the estimates shall apply mutatis mutandis for the clearance of accounts, if not derogations pursuant to this regulation are met.
(5) gain rebuff (financial income) are to capture, in which the shareholder resolution occurs in that financial year as income.
(6) the clearance of accounts is to create on the basis of reliable information.
(7) expenses and income are to delineate time if their value exceeds EUR 10 000.
(8) as long as no actual or legal reasons oppose, is to assume the continuation of the activities of the authority.
Facts that have already passed on the statement closing date, are 14 (1) to record in the final accounts up to the date of the creation of the accounts.
(2) facts which only occurred after the closing date for the invoice that are not to include in the final bill.
(3) it is to ensure that comparisons of different financial years for all final bills can be carried out.
The account statements
The accounts consists of section 15 (1):
1. the statement of income, 2 the financial accounts, 3. the balance sheet (annex 1 c), 4 the statement of changes in net assets (annex 1 d) and 5 the side dishes in accordance with section 37.
For the general budget, the final invoices to the internal remuneration are to clean up (section 7 para. 5).
(2) the results and financial accounts are to represent in the outline selected according to § 6 of the estimates.
(3) the balance sheet shall be structured (annex 1) in the positions stated in section 18 and to create relevant financial regulations this Regulation (sections 19 to 36) for the total budget of the authority and to expel. Here are the values of the concluded fiscal year to prepend the values of the previous financial year. The changes between the financial years are separately.
(4) the authority of the accounting statements referred to in paragraph 1 has barrier-free and without to provide information of protection of personal information on the Internet.
Estimate comparative calculations
Section 16 (1) 1 and 2 bills referred to are Z pursuant to § 15 para 1 to represent as a quote comparison calculations. The estimate of comparative calculations for the total budget equal to the sum of the estimate comparative calculations for the field budget.
(2) the estimate comparing accounts for the income shall in the outline selected according to § 6 of the estimates to identify:
1. the estimate values of earnings estimates including changes through supplementary estimates, 2. the actual expenditure and income, 3. the differences between the results estimate and the actual expenditure and income.
Significant deviations are justified.
(3) the estimate comparative calculation for financial accounts shall in the outline selected according to § 6 of the estimates to identify:
1. the estimate values of Finance estimates including changes through supplementary estimates, 2. the actual deposits and withdrawals, 3. the differences between the funding estimate values and the actual payments and receipts.
Significant deviations are justified.
(4) the estimate of comparative calculations for profitability and financial accounts can appear next to each other.
(5) the total estimate effective income incurred during the financial year and deposits as well as expenses and disbursements must be proved in the form of detailed evidence to estimate comparative calculation on Kontenebene. They are to arrange ascending on the basis of the chart of accounts in the outline selected according to § 6 of the estimates. § 6 paragraph 8 shall apply mutatis mutandis.
Net profit and net borrowing
Section 17 (1) in the statement of income is the net income attributable to the difference between the sum of income and expenses, to represent. Assignments to or withdrawals from budget reserves (§ 27) are to represent the net profit.
(2) the result of operational management (NET 1) and the investment operations (net of 2), which is the General management of financial accounts, is the net borrowing (NET 3). (NET 4) financing activities cash flow is net lending to be added. Sum the money flow from the estimate of efficient operations (net of 5).
(3) the ineffective estimate payments and receipts are according to § 12 to designate in the cash flow from the not estimate effective management (net of 6) in the financing statement.
(4) the change in liquid funds (balance 7) is from the sum of ineffective estimate payments and receipts (net of 6) and the estimate of efficient payments and receipts (net of 5). The opening balance, the change and the final stock of liquid assets in the financial accounts have to match those in the balance sheet.
Structure of the balance sheet
Section 18 (1) is the balance sheet assets, received special investment grants, to integrate debt and net assets (counterpart). In the capital account, the increase is to capture acceptance and change in value, being the sum of the assets of the sum of debt and net assets (counterpart) has to correspond to assets, borrowings and net assets (counterpart).
(2) the capacity is as short-term and long-term assets, the borrowed funds as short-term and long-term debt.
(3) current assets are all assets, which expects that consumed within one year, or to be converted into cash and cash equivalents, to expel. As current assets are at least liquid assets, to identify short-term receivables and inventories.
(4) as short-term debt, all debt with a maturity of up to one year shall be disclosed. Short-term debt are at least short-term financial liabilities (net), current liabilities and short-term provisions.
(5) assets and borrowed funds are then in the long term, if they assign are not as short term. As non-current assets are at least financial assets, investments, long-term receivables to identify tangible fixed assets and intangible assets. The fixed assets are to be broken down into at least the following categories: land, land facilities and infrastructure, buildings and buildings, technical equipment, official, operating and business equipment and cultural goods. Long-term debt are at least in non-current financial liabilities (net), to be broken down to non-current liabilities and non-current provisions.
(6) the net assets consists of at least the opening balance, cumulative net earnings, the fiscal reserves, the revaluation reserves and the foreign currency to bill back layers.
(7) for the presentation of the balance sheet, the outline indicated in the Appendix 1 c is to use.
Recognition and valuation rules
Assets are section 19 (1) to collect, if the authority has acquired at least economic ownership because then in the balance sheet.
(2) economic ownership is independent from a civil ownership, if the authority economically needed as an owner there is about one thing, by in particular has this, which holds power over them and bears the risk of loss or destruction.
(3) each asset is to capture individually and evaluate (active - and passivseitig). A fixed value methods can be applied for purposes of simplification for moving goods. Also, objects with the same useful life can be summarized to a fixed asset if they are usually used.
(4) the assets must be proved in systematic order in the system of accounts with the inventory, as well as the arrivals and departures are value and value change.
(5) the net present value is the value resulting from the discounted cumulative payments. When interest rate is, as far as not in individual cases other prescribed, that to use, which is the interest rate of the weighted by circulation current on the statement closing date average return for German Government bonds (UDRB).
(6) acquisition costs are all costs of purchase, purchase price including import duties, transport costs, costs bring the asset to a working condition, settlement costs, non-refundable sales taxes, less directly identifiable discounts and cash discounts. The cost of structural objects or properties include the costs of eviction and the demolition of any existing physical objects or restore of the site (E.g. decontamination), to the extent that they are related to the acquisition. Cost does not include interest and other costs resulting from the inclusion of debt.
(7) production costs are all costs that are directly attributable to the respective asset. For those facilities that serve only the production, the production overheads are to be added.
(8) see updated acquisition and manufacturing costs the original acquisition and manufacturing costs are understanding, which were reduced by the linear depreciation.
(9) the fair value (fair value) is the value to an asset between knowledgeable, willing and independent persons can be exchanged or paid a commitment. The fair value shall be determined from:
1. the price of an existing, binding agreement or if this is not available, 2. the current market price, if the asset value in an active market is traded or if not applicable, 3. not much have changed the price of the last transactions, unless the circumstances, transactions have taken place under which, or if this is not possible, 4. the value of a best , reliable estimate comes.
(10) the depreciation of an asset is linear and starts with the start-up. If the asset is available, located on his site and in the working condition and is taken within six months in operation, depreciation has to begin at the end of the six months. For the calculation of the depreciation, the useful lives in annex 7 should be used. Other estimated economic useful life, stems from the actual conditions of the asset it is to be used and justified. The purchased asset is more than six months of the budget year in the fixed assets, so the amount attributable to a year is half off, otherwise. An exact month depreciation is allowed.
(11) amounts in foreign currency shall be converted at the benchmark rate of the European Central Bank (ECB) to the account closing date of the financial year in euro. This is not available, are amounts in foreign currency at the respective national lower exchange rate to convert. Effect of changes exchange rate are recognised in the foreign currency translation reserve. These are attributable to the net assets and to dissolve at disposal or retirement.
(12) revaluation reserves result from the subsequent valuation of assets and are attributable to the net assets.
(13) revaluation reserves and foreign currencies to bill back layers are related to lead and to resolve in the income statement upon disposal or retirement on certain assets and borrowed funds.
(14) when operations are known, suggest a significant impairment or a beyond the linear depreciation significant impairment of an asset, this is something to check. If this is the case, then the asset with the recoverable amount is to evaluate. The recoverable amount of an asset is the fair value less cost to sell or use value.
(15) an impairment is to perform exclusively for previously impaired assets according to paragraph 14, provided that the circumstances that led to the impairment, have changed. The updated acquisition or manufacturing costs, which would have existed without original impairment at the time of the impairment, may not be exceeded.
Cash and cash equivalents
§ 20 cash and cash equivalents include cash and bank balances and short-term time deposits; These are be valued at their nominal value. Cash and cash equivalents provided as cash reserves are separately.
Section 21 (1) claims are claims of the authority to receive cash benefits. Short-term receivables and long-term interest rate exposures are be valued at their nominal value. Long-term collateralised exposures are to assess if their value exceeds EUR 10 000 to the present value.
(2) individual value adjustments are exposures to capture at full or partial recovery of the claim. Receivables are to post, taking into account any VAT recovery, once the recovery is finally determined.
(3 simplified procedures in the event a specific allowance) are allowed, if they are appropriate.
Inventories and internally generated inventories are § 22 (1) to collect when their value per stock position exceeds EUR 5 000 to purchase or production cost. Supplies are at the account closing date, if their value exceeds EUR 5 000 per stock position to evaluate at the lower of the two following values:
1 original acquisition or manufacturing costs, 2. replacement value.
(2) as supplies the following assets to use are:
1 raw, auxiliary and operating materials, 2. work in progress, 3. finished products and paid goods, 4 not yet billable services, 5. payments on account on supplies.
(3) similar supplies are brought together to evaluate in a group.
(4) raw, materials, and supplies, which are determined, have been changed to a below their acquisition or production cost value to depreciate if the finished products in which they arrive, expected to cost of production, or sold, or can be distributed for the production of inventories.
(5) it is to do an inventory.
Section 23 (1) is under a participation share of the authority to a company or an institution managed by the local authority with legal personality (institutions, foundations and funds) to understand. Shares of the territorial units in a company are to evaluate when purchasing at their cost. A review on the statement closing date has to be carried out in accordance with para 7 and 8.
(2) investments in affiliated and associated companies in the private and public organization form, other investments and facilities managed by the local authority with legal personality are separately.
(3) an associated company is with a share of more than 50% of the equity capital or estimated net assets of the company to accept. Furthermore is an affiliated company, if the authority has control or the control. The control is then to assume if the local authority has the possibility to determine the financial policy and the operational activities and benefits from its activities.
(4) an associated company is an equity share of 20% up to 50% of the equity capital or estimated net assets of the company to accept.
(5) below the participation limit of 20% of the share of the equity capital or estimated net assets of the company is to assume any other participation.
(6) a facility managed by the local authority (institution, Foundation, Fund) is in an own proof to represent (annex 6 l), when the authority exercises control or the control and to evaluate with the estimated net assets. A control or control an institution managed by the local authority is given, if
1. the establishment of 2010 attributable to State according to ESA to the sector is or 2. the operational activities of the institution determines and otherwise itself would perceive the authority or entity controlled by it or 3. the operational activities of the institution determines the territorial entity or entity controlled by it and is beneficiary of a foundation and is its assets directly or indirectly by the authority.
Such an institution is managed by several authorities to the same extent, the control or control is not relatable, the authorities have to expel the estimated net assets equally.
(7) existing at the account closing date participation in a company is to assess with the share of the local authority on the equity capital or estimated net assets of participation. For the evaluation of the financial statements to be used as long as it exists at the time of the balance sheet is. This is not yet available, the respective financial statements of the previous year is to be used. Consolidated financial statements should be available is to be used. For the assessment of managed facilities (institutions, foundations and funds), created accounts to be used are under the provisions of this regulation or according to other laws (commercial code, IFRS).
(8) the equity capital or estimated net assets increased profits or other changes in the own resources, so the adjustment of the value of participation has recognised in the revaluation reserve must be, if it is not an impairment. The revaluation reserve must be reduced, if the net asset value of the investment has decreased. The net asset value of the investment is reduced and there is no revaluation for this participation, this reduction is recognised as financial expenses.
(9) indirect investments from a calculated through participation of more than 50% shall be disclosed in the annex (annex 6 m). Provided for investments from a calculated through participation of more than 50% is a consolidated financial statements (commercial code, IFRS), can it be used for the identification. Need no longer assigned additional subsidiaries of this company in the system in this case. Instead, it is a graphical or tabular representation or a link on the homepage of the company attach emerge from which any more controlled or controlled subsidiary company name, legal form and participation ratio.
Tangible and intangible assets
Include section 24 (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 balance sheet. Internally generated intangible assets may not be used.
(3) there shall be full system directories.
(4) fixed assets are at updated acquisition or manufacturing costs and intangible fixed assets are amortised cost. Unpaid purchases (E.g., gifts and inheritances) are to assess the fair value.
(5) tangible and intangible fixed assets, which are subject to an impairment by wear and tear, are linear depreciated on their service life. Low-value assets may be exempted from the approach in the balance sheet.
(6) existing tangible fixed assets are fully depreciated, so they are in the system directory with the value null.
(7) advance payments for equipment are under the fixed assets as down payments separately.
(8) measures used, leading to a proliferation of substance, increasing the usable area or a significant improvement in the functions, are to enable the allocatable costs and to write off if necessary in accordance with paragraph 5.
Cultural assets (tangible)
Section 25 (1) cultural assets are assets that have cultural, historical, artistic, scientific, technological, geophysical, environmental or ecological quality, and where this quality for the sake of knowledge and culture is obtained by the local authority.
(2) cultural assets referred to in paragraph 1 are to assess the respective acquisition or manufacturing costs, unless these are measured from reliable documents, or the value of information in existing opinion, or after an internal plausible value determination. Such an assessment is not possible, are such cultural goods in the Appendix 6i to capture.
(3) if buildings comply with the definition laid down in paragraph 1, this acquisition rolling to or production cost must be evaluated.
(4) a linear depreciation is not to undertake cultural goods. Buildings that fall into the category of cultural property, a right to vote is the straight-line depreciation.
Section 26 (1) liabilities are obligations of the authority for the provision of cash benefits to a third party a contractual or statutory right to payment has obtained which are basically and the height.
(2) liabilities are to evaluate your payment amount.
Budget reserves and cash reserves
§ 27 household reserves are to make allocations from net profit and on the liabilities side of the balance sheet separately. The corresponding reserves of means of payment shall be disclosed on the assets side of the balance sheet under the cash. Budget reserves and cash reserves are to represent in an own certificate (annex 6 b).
Provisions are section 28 (1) to apply for obligations of the authority, if:
1. the obligation already before the date which is accounts, the obligation already before the date of the final bill has occurred 2. and the fulfilment of commitments with overwhelming probability cash expenditure of the authority will lead to 3 and 4 the amount of the obligation be reliably measured.
(2) short-term provisions are at their expected payment amount is required to settle the present obligation to evaluate. Long-term provisions must be evaluated at their present value. The measurement of provisions for severance payments and anniversaries has to be carried out according to the projected unit credit method with the average return for bunds (UDRB) on the statement closing date, weighted by circulation.
(3) the current provisions include at least:
1. provisions for litigation costs, 2. provisions for outstanding invoices (notices), if their value is respectively at least EUR 5 000 and 3. provisions for unused vacation.
(4) the long-term provisions include at least:
1. provisions for severance pay, 2. provisions for anniversary gifts, 3. provisions for liabilities, 4. provisions for the rehabilitation of contaminated sites, 5. provisions for pensions (in exercise of the right to vote pursuant to § 31) and 6 other long-term provisions, if their worth at least 10 000 euro is.
(5) the authority for a retroactive asked commitment expected a refund by a third party, it must be only as a demand to apply if a legal entitlement. The amount of the claim may not exceed the height of the default plus already amounts applied to.
(6) in consequence, provisions are then to adapt if the Authority becomes aware of circumstances which cause other estimates of the probability of the outflow of liquid funds or their height.
(7) the outflow of liquidity in a financial year has become certain of height, and basically, then is the provision of a liability to rebook. The liabilities are in the actual payment amount.
Provisions for litigation costs
29. (1) when legal disputes, which constitute the basis for the formation of provisions for litigation costs, are to be regarded:
1. Gerichtsanhängige active and passive processes, 2 cases in which the authority of the view is that the thing is will be made probably court pending.
(2) in the valuation of provisions for litigation costs are all known circumstances and risks to be included, such as
1. the amount of the estimated payment amount, 2. the level of looming interest, 3. the height of court costs, expert costs, costs of representation including impending cost obligations of representing the other party and other costs of third-party claims.
(3) as far as advances were made already on the entire cost, these amounts reduce the amount of the provision.
(4) payments shall be made in the course of the proceedings, then they are as default consumption to capture.
Provisions for liabilities
Provisions are section 30 (1) for liabilities of the authority, which claims at least by overwhelming probability is assumed to apply.
(2) a vast probability of is to examine separately for each assumed liability.
(3) by way of derogation from paragraph 2 similar liabilities can be summarized to certain risk groups. For risk groups is to assume a greater probability of occurrence if the authority in the past has been frequently, regularly and over a period of time for a liability claim.
(4) the provisions for risk groups according to para 3 is calculated on the basis of the experience gained of at least five financial years.
(5) the investigation of the provisions for individual liability referred to in paragraph 2 be made on the basis of a risk assessment of this individual liability.
Provisions for pensions (vote)
Section 31 (1) independently a card in the enclosures to the accounts provisions for monthly pension benefits, which has to pay the local authority, is recognised in the balance sheet. Following pension benefits to distinguish are:
1. pension benefits, which has to pay the local authority for civil servants (I. pension pillar), once the pension entitlement and 2. occupational pensions (II. pension pillar), where the claim is acquired through work provision.
(2) for the calculation of the duration of future pension benefits, the respective statutory pension beginning and the recently released by Statistics Austria life expectancy tables are to be used. The interest rate for the calculation of the present value has to correspond to the average return for bunds (UDRB) on the statement closing date, weighted by circulation.
(3) the reviewed claim is reduced to pension benefits from the start of the actual payouts.
32. (1) financial liabilities are all financial obligations are entered for the purpose to gain the power of disposal over money the local authority. No financial liabilities constitute the sheer dedication of Treasury bills or other obligation certificates to ensure, as well as liabilities from derivative financial instruments.
(2) money liabilities received to the temporary strengthening of cash constitute financial debt only insofar as they are not repaid within the same fiscal year.
(3) financial liabilities are also monetary liabilities of the authority from legal transactions to handle:
1 due to which a third party acquires the power of the authority in accordance with their maturity payouts and has the authority to replace the withdrawals until after expiry of the financial year in which the payments by the authority were to make this, or 2. where the authority exceptional financing facilitation as a result to be conceded that the due date of the consideration of the authority on a more than ten years after receiving the power remote day is fixed or postponed , where the due date in the case of provision of consideration in several instalments depends on the maturity of the last part of the amount.
(4) financial liabilities are to assess the nominal value.
Active financial instruments
Active financial instruments other than cash and cash equivalents, receivables and investments, are § 33 (1) to allocate in the balance sheet is clearly one of the two following categories:
1 held-to-maturity financial instruments or 2. available-for-sale financial instruments.
(2) in the category financial instruments held to maturity, all active financial instruments with fixed or determinable payments are as well as the local authority really intends a fixed term, for which and also has the ability to hold them up to their maturity to be classified, if they were not assigned to access the category "available for sale". These financial instruments are at amortized acquisition cost. The cost includes premiums (premium) and Abgelder (discount).
(3) in the category for sale available financial instruments are to classify all active financial instruments, which were determined at initial recognition as such. These financial instruments are at amortized acquisition cost. The cost includes premiums (premium) and Abgelder (discount).
(4) on the statement closing date for already existing and held-to-maturity financial instruments are as follows:
1. the difference between the acquisition cost and the amount at which the financial instrument can be fulfilled, is to distribute pro rata over the term and to capture in the earnings and balance sheet.
2. the change in the value of a financial instrument on the basis of credit-related writedowns is as financial expense and financial income.
3. changes in the value due to changes in exchange rates are in the foreign currency translation reserve.
(5) on the statement closing date for already existing and available-for-sale financial instruments are as follows:
1 available active financial instruments are to assess the fair value.
2. a change in the value is in the revaluation reserve.
3. changes in the value due to changes in exchange rates are in the foreign currency translation reserve.
(6) the authority has to describe the objectives and methods of risk management for active financial instruments (section 33), (§ 32) financial liabilities and derivative financial instruments (section 34) in the annex or to specify publicly available through a reference to already existing schemes (link or site).
(7) for each category of active financial instruments, financial liabilities and derivative financial instruments are also give information about
1. scope and nature of the financial instruments 2. accounting and valuation methods including the selection and evaluation criteria and 3. exchange-rate risk.
(8) for active financial instruments financial liabilities and derivative financial instruments is to indicate to what extent the authority is exposed to interest rate risk. This information shall include:
1. contracted Zinsanpassungs and maturity dates, depending on what appointments sooner lie; and 2., where appropriate, effective interest rate.
(9) for active financial instruments and derivative financial instruments is to determine to what extent the authority is exposed to a risk of default. In addition is to indicate to what extent significant failure risk concentrations exist.
Derivative financial instruments
34. (1) derivative financial instruments are contracts that are completed to Exchange interest or capital. Derivative financial instruments are to be documented in writing.
(2) If a derivative financial instrument refers to a hedged item and forms an economic unit with this approach by the derivative financial instrument as a hedge along with the underlying transaction has to be.
(3) by a Mikroswap when interest rate swap contract is spoken then, if completely match the hedged item and the derivative financial instrument in the volume, the duration and in terms of interest dates.
(4) the still existing free derivatives, those which do not meet the requirement for a hedge, are evaluated at fair value.
section 35. The changes in net assets (annex 1 d) will be starting by the net assets at the balance sheet date of the previous financial year from:
1. the changes in the recognition and valuation methods, 2. the changes in the fair value of the subsequent measurement of available-for-sale financial instruments, 3. the changes from the subsequent valuation of investments, 4. the changes in the fair value of the subsequent measurement of cultural goods, 5 assets held the differences arising from the translation of foreign currencies foreign currency and liabilities with the reference rate of the ECB at the balance sheet date of the financial year , 6. the net profit of the financial year and 7 the allocation and withdrawal of fiscal reserves.
Investment grants (capital transfers)
section 36. Special items are to be preserved and suitably used for capital transfer payments investment on the liabilities side between the net assets and the long-term debt. The resolution of the special items for the funded assets is according to the duration specified in the life table of use of (annex 7) income to make.
Inserts the accounts
The following facilities are the accounts section 37 (1) be accompanied:
1. invoice cross section which has the financial balance of the authority in accordance with Austrian stability pact (Annex 5a or 5b).
2. proof of transfer payments from carriers and carrier of public law, that at least according to sectors of the State and for approaches to break down are (Appendix 6a), 3. proof of household savings and cash reserves (annex 6 b), 4 proof of the level of debt and debt servicing with the following information: About repayment, interest, debt service total, debt service service rates, net debt and runtime (attachments 6 c to 6e), 5 proof of financial debts of hospitals or operating companies of the countries (including Vienna) (annex 6f) , 6 proof of internal budgetary allowances (Appendix 6 g), 7 fixed assets (annex 6 h) and list of unweighted cultural property (Appendix 6i), 8 leasing mirror (Appendix 6j), 9 participation mirrors (annexes 6 k and 6 m), 10 proof of managed facilities (annex 6 l), 11 references active financial instruments (equipment 6n and 6o), 12 proof of derivative financial instruments not hedged (annex 6 p), 13 itemization of risks of financial instruments (Appendix 6q) , 14 default mirror (plant 6r) 14 proof of liability (annex 6 s), 15 the number of rest and pleasure pensioners and pension-related costs for staff of the authority for the next 30 years, regardless of whether a liability in the balance sheet is presented (annex 6 t).
16 ineffective to estimate payments and receipts (countries; recorded proof of that Unit 6u; Communities: plant 6v), 17 personal data according to the last valid Austrian stability pact (Appendix 4), (2) that regulation attached plants contain minimum information.
Transitional and final provisions
Creation of the opening balance sheet
Also the articles 39 and 40 are § 38. (1) for the initial creation of the balance sheet to 1 January of the financial year, this regulation will be applied for which for the first time, to apply. There are the regulations of the applicable estimate and invoice final regulation shall apply for the following asset accounts.
(2) the existing assets are individually to capture and record h in accordance with the annex 6 in the fixed assets and the capital account or to take over.
(3) the valuation methods in accordance with section 39 in accordance with administrative-economic principles can be applied at the initial recognition and valuation of assets in the opening balance sheet in addition to the provisions under sections 19 to 36. It is to lead, which method was used.
(4) existing fixed assets are fully depreciated, so they are for the first time in the system directories to record and until her retirement with a value of NULL to apply.
(5) if the data for tangible and intangible assets, which were purchased or produced prior to entry into force of this regulation, not fully available in the system directory or inventory directories of local authority, these are at least to raise.
(6) short-term and long-term requirements of the local authority are in the opening balance sheet, taking into account the depreciation necessary by partial or complete recovery and value adjustments, to capture. This must be documented.
(7) for the creation of the opening balance sheet is to perform a time limits of expenses and income.
(8) corrections of errors and changes in estimates in the opening balance sheet can be made at the latest five years after their publications and shall be shown in the statement of changes in net assets.
(9) the opening balance arises from the difference between of the first recorded assets and liabilities. A subsequent change is allowed only in application of paragraph 8.
Section 39 (1) for the following situations apply transitional provisions that can be applied when establishing the opening balance (only at initial recognition).
(2) by way of derogation from section 24 para 4 land also for the fair value on the basis of the existing opinion can be assessed, after an internal plausible value determined or estimated methods (E.g. plot grid technique).
(3) where the plot grid process is to proceed according to following principles:
1. the plots are divide into use types and at most uses of the land. A different use than the use specified in the land registry and cadastre is actually given and clearly documented, it must be for the evaluation to be used.
The surfaces are 2. to evaluate the base prices for the respective position as follows: a) building area at basic prices for land, b) agricultural land at basic prices for agricultural land, c) Garden to 80% of the base price for construction areas, d) Weingarten to 200% of the basic price for agricultural land, e) Alpe to 20% of the base price for agricultural land, f) forest to 50% of the base price for agricultural land , g) 50% of the base price for agricultural land, waters h) other types of use to 20%. the base price for construction areas with the exception of wasteland, rock and scree areas and glaciers to 10% of the base price for agricultural land.
(4) by way of derogation from section 24 para 4 buildings and also to the fair value, on the basis of the existing opinion can be evaluated after an internal plausible value determination, with 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, or by means of other evidence such as current average price investigations. The values apply to initial recognition in the opening balance sheet in the episode as acquisition or manufacturing cost. Comparable transactions can be derived from adequately documented reference groups which bring together a majority of similar transactions of various entities.
(5) under land facilities, infrastructure and common use areas (public good), especially paved and unpaved roads are to understand rail, air and port facilities. The corresponding indication of the use is to be inferred from the land registry or cadastre. It is between the land which distinguished land facilities (no depreciation) and construction (depreciation). These are disclosed separately. By way of derogation from section 24, paragraph 4 establishing a plot device for the first time can be assessed also as follows:
1 using value data in existing reports or 2 after an internal plausible value determination or 3 by means of other evidence, such as contemporary investigations of average price, provided that neither rolling acquisition or manufacturing costs, yet documents pursuant to Nos. 1 and 2 can be used.
The values apply to initial recognition in the opening balance sheet in the episode as acquisition or manufacturing cost. Comparable transactions can be derived from adequately documented reference groups which bring together a majority of similar transactions of various entities.
Entry into force
40. (1) this regulation at the end of the day of the by-laws enter into force.
(2) the provisions of the VRV 2015 shall be applied:
1. for countries and for communities, amended Federal Law Gazette I no. 98/2010, 1 January 2015, the control of the Court of Auditors B-VG pursuant to article 127a para 1 as of the date that subject no later than for the financial year 2019 (estimates and accounts);
2. for communities that pursuant to article 127a par. 1 B-VG, idF BGBl. I no. 98/2010, the date of 1 January 2015 not under the control of the Court of Auditors, no later than for the financial year 2020 (estimates and accounts).
(3) after completion of the financial year, the last time the estimates - and account closing Ordinance 1997, VRV 1997, BGBl. No. 787/1996, idF BGBl. II, to apply no. 118/2007, was the VRV occurs in 1997 for the concerned authority overrides.
(4) the estimates and accounts of countries and communities are in compliance with administrative-economic principles to create.