For The Implementation Of The Law On Accounting For Insurance Companies

Original Language Title: k provedení zákona o účetnictví - pro pojišťovny

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Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=54045&nr=502~2F2002~20Sb.&ft=txt

502/2002 Sb.



DECREE



of 6 May 1999. November 2002,



implementing certain provisions of Act No. 563/1991 Coll., on the

accounting, as amended, for the accounting unit that

are insurance companies



Change: 474/2003 Coll.



Change: 546/2004 Sb.



Change: 399/2005 Coll. (part)



Change: 399/2005 Sb.



Change: 351/2007 Sb.



Change: 411/2009 Sb.



Change: 421/2010 Sb.



Change: 469/Sb.



The Ministry of Finance shall determine in accordance with § 37a paragraph 1. 1 to implement section 4, paragraph 4.

2, § 14 para. 1, § 18 para. 4, § 22 para. 3 and § 23 paragraph 1. 2 and 6 of the Act

No. 563/1991 Coll., on accounting, as amended by Act No. 492/2000 Coll. and act

No 353/2001 Coll. (hereinafter the "Act"):



PART THE FIRST



THE SUBJECT OF THE EDIT AND THE SCOPE OF THE



§ 1



This Decree incorporates the relevant provisions of the European Union) and the ' ^ 1 '



and organizing and labelling items) of the financial statements and the consolidated

financial statements and content of these statements, organizing, and

scope of explanatory and supplementary information in annex v

the financial statements and the consolidated financial statements, the consolidation method

accounts and the procedure for inclusion of the business units in the consolidation

the whole,



b) accounting methods and their use,



(c)) the target chart of accounts



for the business units referred to in § 2.



§ 2



(1) this Ordinance applies to the business units pursuant to § 1 (1). 2 (a). and)

and (b)) of the Act, which are the insurance or reinsurance undertakings under the Special

^ law 1a) including export insurance, ^ 2), and in the Czech Republic

insurers ' Bureau ^ 3) (hereinafter referred to as "the Agency").



(2) from the business units referred to in paragraph 1 of this Decree

does not apply, with the exception of the provision of section 38a, the entity under section 23a

the law and the accounting units under section 19a of the Act, unless a special

^ 3a) legislation provides otherwise.



PART TWO



THE FINANCIAL STATEMENTS



TITLE I OF THE



RANGE AND METHOD OF COMPILING FINANCIAL STATEMENTS



§ 3



(1) the financial statements of the business units pursuant to § 2 shall include a balance sheet

(balance sheet), statement of profit and loss, attachment, and may include an overview of the

cash flow statement and statement of changes in equity, unless

provided otherwise (section 8, paragraph 1).



(2) in the balance sheet asset items are organized and other assets, Payables and

other liabilities. Arrangement and marking of the items of the balance sheet shall be determined in

Annex 1 to the present Decree.



(3) in the statement of profit and loss items are organized and cost-benefit

the profit or loss. Profit and loss account is broken down into technical account

non-life insurance technical account for life insurance and

The non-technical account. Arrangement and marking of the items of the profit and loss account

are set out in annex 2 to this Decree.



(4) Annex explains and supplements the information contained in the balance sheet and the statement of

profit and loss account.



(5) the statement of cash flows is a breakdown of the selected items of the assets and

gives information on the increments and shortages of funds and

cash equivalents in terms of operating, investment and financial

activities during the reporting period, taking into account the specificities of the

operation of the insurance and reinsurance activities referred to in the Special

^ law 1a).



(6) the statement of changes in equity includes in particular an increase or

reduction in equity during the reporting period, based on the value

the principles used in the financial statements, the differences from changes in accounting methods,

events associated with such relationships with partners

the Corporation, which act as owners, the payment of profit shares.



§ 4



(1) on the balance sheet and in the profit and loss items in accordance with annexes 1 and

No 2 to this Decree shall be shown separately in the order indicated. For more

a more detailed breakdown of these items can be made on the condition that remains

maintain established order. New items can be inserted in the case that

their content is not part of any other items required in

configuration and that a more detailed breakdown.



(2) the items of the balance sheet and profit and loss account are referred to by a combination of

uppercase and lowercase letters of the Latin alphabet, Roman numerals and Arabic

the numbers and the name of the item; the item can be broken down into subitems. The calculated

the items are called symbols "+" and "-".



(3) Items of the balance sheet and profit and loss account items that are at the front

identified by an Arabic numeral can be merged,



and if it's not significant) amount in relation to the obligations of the faithful and

fair view of the financial situation of the accounting books and financial

Unit, or



(b)) if their merger contributes to greater clarity ^ 4) information

and on condition that the merged items will be listed individually in the annex.



(4) the Merging of items under the conditions referred to in paragraph 3 is for insurance undertakings

limited



and in the balance sheet) the items specified in the arrangement referred to in paragraph 1 under the

by Arabic numerals, except for items of technical provisions, and



(b)) in the profit and loss account on the items listed in the arrangement under one

or more lower-case letters, except for items "i. 1. Well deserved

premiums, net of reinsurance "," i. 4. The cost of insurance claims,

net of reinsurance "," II. 1. Earned premiums, net of

ensure the "," (II). 5. The cost of claims incurred, net of reinsurance "and

"II. 6. Change in other technical provisions, net of reinsurance

(+/-)".



(5) each of the items of the balance sheet and profit and loss account item contains

also information about the amount of the items listed for the immediate

the previous financial year (hereinafter referred to as the "past accounting period").

Information for the previous accounting period are reported in net. In the case of

the information provided for past and current accounting period are not

comparable, ^ 4) adjusts the information for the previous accounting period in the light of

on the significance of ^ 4) and in the annex to this adjustment effect.



(6) the Items of the balance sheet and profit and loss account items at zero for

past and current accounting period are excluded.



(7) the entity that initiates its activity or enters

disposal in the current accounting period, and the entity in bankruptcy, States in the

the balance sheet instead of the information for the previous accounting period information opening

balance sheet on the date of commencement of activities, or on the date of entry into the disposal or

the effective date of the bankruptcy decision. In the statement of profit and loss

information for the previous accounting period. This rule also apply

the business units of the newly formed Division, and may use it and accounting

units of the newly formed merger merger.



(8) the accounts are drawn up in monetary units of the Czech currency and

each item shall be shown in whole 1000s. The Item "Assets

Total Liabilities "and" total "must be equal. The item "profit or loss for the

accounting period "referred to in the statement of profit and loss account shall be equal to the item

"Profit or loss for the current period" referred to in the balance sheet.



§ 5



(1) on the balance sheet for assets ^ 5) with the exception of the item "Financial C.

the location of the (investment), "and the entries" d. financial placements

insurance, if investment risk is the policy-holder "will use its

breakdown on long-term and short-term. ^ 6)



(2) the provisions of paragraph 1 shall also apply for the layout of the liabilities with the exception of

technical provisions in item "C" and "D." liabilities and appropriately for

breakdown of other assets of the ^ 5), or other liabilities. ^ 5)



(3) in the balance sheet for the current financial period is noted for the items "F.I.", if

applies to tangible fixed assets, and "b. intangible fixed

property ', headed "land and buildings" and "c. II. Investments in

subsidiaries and associates ", URC.III. 2. b) OECD bonds held to

due to their



unmodified a) above about adjustments and accumulated depreciation,



(b)) the above adjustments and accumulated depreciation to them binding, unless

provided otherwise (article 32, paragraph 2, and section 33 (7)),



c) above minus the adjustments and accumulated depreciation.



The movement of assets in these items is given in awards, in which they were

captured in the balance sheet at the beginning of the accounting period. In the balance sheet for past

accounting period, the listed items shall be shown only in the amount of the reduced appeal

items and accumulated depreciation.



(4) for other assets, the provisions of paragraph 3 shall apply mutatis mutandis.



(5) where an asset or liability relates to more than one item

in the layout and structure, their relationship to other items shall be given in

Notes to the financial statements, if such information is necessary for the

build clear and transparent financial statements. Own shares and shares

trade companies in a group may be shown only under the items

prescribed for that purpose.



§ 6



(1) the technical account for non-life insurance is used in the industry of direct

insurance ^ 7) and the corresponding types of collateral.



(2) life-assurance technical account is used in the industry of direct

insurance ^ 8) and for the corresponding types of collateral.



(3) the non-technical account is always used at the same time with the technical accounts by

paragraph 1 or 2.



§ 7



Special provisions for export insurance



(1) Export insurance companies indicate the funds generated under a special

Law ^ 2) under the heading "a. IV. Other capital funds ' liabilities.


Information about each of these funds are reported in the notes to the financial

statements.



(2) Export insurance company State subsidies from the State budget according to the

special legal regulation ^ 2) into the funds referred to in paragraph 1 in the

"AND (IV). Other capital funds ' liabilities. Information about these subsidies,

out in the annex to the financial statements.



(3) if the insurance company insured export receivables transferred

concerning its insurance products, these transactions

either follow the provisions for the assignment of a receivable ^ 9) or

the provisions on transfer of rights to the insurer. ^ 10) in the case of a referral

claims referred the insured claim becomes part of the assets of the

export insurance and it is stated in the item "URE.III. Other receivables "

assets. In the case of transfer of rights to the insurer the insured

the claim does not become part of the assets of the export insurance company. For information about the

These transactions are reported in the notes to the financial statements.



(4) the export insurance companies engaged in insurance of export credit

the risk with State support under special legislation ^ 2)

the postings about the business cases that involve this insurance,

separately from other accounting cases, which are not subject to the State

the promotion.



§ 8



Special provisions for the Office



(1) ^ 3) does not build statement of cash flows and an overview of the

changes in equity.



(2) the Office of the stated claims from frontier insurance ^ 11) under

"E.I. Receivables from direct insurance operations ' assets in cases where

experiencing the time offset between the conclusion of the contract and paying

insurance premiums; in other cases, the lists under the heading "i. 1. and well deserved)

premiums, net of reinsurance gross premiums written "in

Non-life insurance technical account profit and loss account only

frontier insurance premiums paid. Insurance frontier insurance

does not distinguish time.



(3) Office lists the claims from the contribution of insurers under a special

^ law 12) under the heading "URE.III. Other accounts receivable "of assets.



(4) the Office lists debts recognized by the amount of the payment from the reported insurance premiums

events that are invoked by the right to performance of the victims, in the

"G.I. Liabilities from direct insurance operations".



(5) the Office lists debts resulting from other activities carried out by her

under special legislation ^ 13) under the heading "G.V. other debts"

liabilities.



(6) the Office provides the guarantee fund, which creates and uses according to the

a special legal regulation, ^ 14) under the heading "G.VI. The guarantee fund

Offices ' liabilities.



(7) the Office shows the creation of the guarantee fund under the heading "i. 8. Other

technical expenses, net of reinsurance technical account non-life "

insurance profit and loss account.



(8) the Office shows the use of the guarantee fund under the heading "i. 3. Other

technical income, net of reinsurance technical account non-life "

insurance profit and loss account.



(9) the Agency lists the costs arising from its activities, in addition to the cost of

the frontier insurance, the cost of implementation provided by the guarantee fund

in accordance with § 24 para. 2 and § 29 para. 1 of the law on liability insurance

from the operation of the vehicle and the cost of investments according to the nature of the

transactions and accounting case, under the heading "III. 8. Other costs "in the

The non-technical account, under the heading "i. 7. c) administrative expenses", or in the

"8. other technical expenses, net of reinsurance" in the technical

account for non-life insurance profit and loss account. Cost of implementation

provided from the guarantee fund in accordance with § 24 para. 2 and § 29 para. 1

the Act on the liability insurance of the vehicle shall be indicated in the item

"4. The cost of claims incurred, net of reinsurance" in the technical

account for non-life insurance. The cost of the financial investments are reported on

the heading "III. 5. The costs of financial placements (investments) "in the

The non-technical account. In accordance with these costs, in the same

the amount of the stated use of the guarantee fund.



(10) the Office shows the revenue arising from its activities, in addition to the proceeds from

investments, under the heading "III. 7. Other income "in the non-technical

the profit and loss account. Income from financial placements are expressed in

the heading "III. 3. Income from financial placements (investments) "in the non-technical

account.



(11) the definition of the technical provisions for content generated by Offices

under special legislation ^ 1a) ^ 3) shall apply mutatis mutandis the corresponding

the provisions of title II, of title III, and title IV. In accordance with the marketing of the creation

and the use of technical provisions shall in the same amount of use and the creation of States

The guarantee fund, with the exception of the amounts of the creation and use of technical provisions

for claims arising out of frontier insurance.



(12) For placing reinsurance contracts shall apply mutatis mutandis the relevant Offices

the provisions of title II and title III. In accordance with the marketing of the

in the same amount of shows the creation and use of the guarantee fund, with the exception of

ensure border insurance.



(13) the Office, which operates the frontier insurance under a special

legislation, ^ 11) performs the accounting entries of the following accounting

the cases separately from other accounting cases. As well as performs

accounting entries on statutory insurance under a special legal

prescription. ^ 15)



(14) the remittance Received claims paid, to which he is entitled by virtue of the Office

indemnity paid ^ 15a), shall be given in the manner laid down in §

19 para. 5 (b). (b)). At the same time in the same amount of States making the guarantee

the Fund.



(15) the remittance of contributions Received pursuant to § 24 c the law governing insurance

liability of the vehicle shows the Office under the heading "i. 3. Other

technical income, net of reinsurance technical account

non-life insurance profit and loss account. At the same time in the same amount of

shows the creation of the guarantee fund.



§ 8a



Insurance damage



(1) the Office provides the creation of barriers to the damage Fund ^ 52) from the contribution of members of the

Office as an increase in the balance at the moment of receipt of payment

contribution from a member of the Office, in the item "URG.VII. Insurance damage "

liabilities. The same happens in the case of the creation of the Fund subsidies of barriers

Office of its resources into this Fund.



(2) the Office provides the use of the Fund to the amount of damage the inhibitions contributions according to

paragraph 1, as a reduction of its balance at the time of provision of funds

to cover the costs, and in the liabilities "URG.VII. Insurance damage ".

The same happens in the case of the use of the Fund of claims to provide barriers

grants or leases.



(3) Office provides income from investment of temporarily free funds

Pool barrier damage in the non-technical account item "III. 3. The proceeds from the

financial placements (investments) "profit and loss account. At the same time with

an indication of such income in the same amount of damage in the creation of the pool barrier

non-technical account item "III. 8. Other costs ".



(4) the Office lists the costs of investing temporarily free

resources of the Fund of claims in the entry barriers the non-technical account "III. 5.

The costs of financial placements (investments) "profit and loss account.

At the same time indicating those costs in the same amount, use a pool

barrier damage in the non-technical account item "III. 7. Other income ".



(5) in the case of the obligations of the recipient to return the funds to the Fund

inhibitions of the damage is the Office until their payment placed on off-balance sheet

accounts. At the time of payment of such funds as a creation of the Fund

inhibitions of damage referred to in paragraph 1, including, where applicable, interest paid

the delay.



TITLE II



DISPLAY THE DEFINITION OF CERTAIN BALANCE SHEET ITEMS



§ 9



(1) the heading "a. subscribed capital" includes

Receivables from subscribers, shareholders of a business corporation resulting from the

the obligation to repay the deposit to the capital subscribed and unpaid

shares under the business corporations act and the law governing

the insurance industry.



(2) the item "b. intangible fixed assets" includes in particular the provisioning

expenses, goodwill, intangible results of research and development, the rights to

inventions, designs, zlepšovacím designs, trademark,

designations of origin of products and the utility model, to computer programs and to

other objects of protection under copyright law or other things

intangible ^ 53). In subheading a) States and in subheading formation expenses

(b)) goodwill. Unless specified otherwise, the details

the content definition of this item, the entity shall apply mutatis mutandis

the relevant provisions of Decree No. 500/2002 Coll., which shall be carried out

some of the provisions of Act No. 563/1991 Coll., on accounting, as amended by

amended, for the accounting units that are entrepreneurs

relation in the system of double-entry accounting, as amended

Regulations (hereinafter referred to as "Decree No. 500/2002 Coll.). For the purposes of this

the decree is the intangible fixed assets goodwill is considered that

includes the positive or negative difference between the acquisition price to purchase and


the fair value of the acquired assets and liabilities at the time of their acquisition.

Goodwill can result also from the transfer of portfolio under a special

legislation. ^ 1a)



§ 10



(1) the summary item "c. financial placements (investments)" contains the

land, buildings, or other immovable, financial investments in the

Associates, other investments and deposits in

ensure active, regardless of the funding source were funded.



(2) an entry headed "land and buildings" includes land and buildings,

where appropriate, other immovable. ^ 54) in subheading a) is the asset

States as operating investment if it is an entity uses to

the business of insurance and reinsurance business or to activities that

related to insurance or reinsurance activities. ^ 19) under this item

the further right and easement with the exception of usufruct

the land and building, if they are not reported as part of the awards in the

under the item headed "or" items "F.I.".



(3) Summary item "c. II. Investments in business

groups "includes shares in subsidiaries and Associates, debt

securities issued by entities in subsidiaries and Associates, and the lease

or loans granted to persons in subsidiaries and associates.



(4) the entry "C. Ii.1. Shares in controlled persons "includes shares, ^ 21)

that represent the participation interests. This item shall

also other cases where an entity is the controlling entity. ^ 22)



(5) the item "c. II. 3. Shares in affiliated undertakings "includes shares, ^ 21)

that represent interests with significant influence.



(6) the Summary Entry "URC.III. Other financial investments "contains the assets

referred to in items URC.III. 1. up to URC.III. 3. and URC.III. 5. up to URC.III. 7. assets.



(7) the item "URC.III. 1. Shares and other securities with variable

income, other interests "includes in particular shares, interim certificates,

units or other securities with variable income and

further shares and impact that are not shown in the item "C. Ii.1. Shares in

ruled by the people "and" c. II. 3. Shares in affiliated undertakings ' assets. In

URC.III. item 1. lists the re-insurer and securities with variable

income that are depozitem in active reinsurance.



(8) the item "URC.III. 2. Debt securities "includes



a) bonds and other fixed-income securities, issued by their

issuers under a special legal regulation, ^ 23) if these invaluable

the papers do not fall under the item "c. II. 2. Debt securities issued by

controlled entities and a lease or loan such persons ", or" c. II. 4.

Debt securities issued by entities in which the entity has

significant influence, and leases or loans of such persons ". Custom

^ 24) bonds or other private debt securities are reported in

the "G.V. other liabilities", liabilities



(b)) for securities with fixed income securities shall be fixed

interest rate or a variable interest rate, if its

the variability is determined in relation to the rates applied on the market

the specified data or time.



Other securities are classified as securities with variable

income and shall be shown in the item "URC.III. 1. Shares and other securities with

variable-yield securities, other investments ' assets. Securities in the

URC.III. 2. is divided into securities, which are held as securities

measured at fair value through profit or loss or valuable

securities available for sale and securities held to maturity. In the item

URC.III. 2. lists the re-insurer and debt securities which are

depozitem when an active hedging. In the URC.III. 2. They further argue

debt securities from items C. II. 2. or (C). II. 4, only if these

held as securities measured at fair value through profit

or the proceeds or securities available for sale. Under the heading "URC.III. 2.

Debt securities "will also provide mortgage bonds under

special legal regulation ^ 1a).



(9) the entry ' URC.III. 3. Investments in investment associations "

contains the proportionate part, which has an entity on the resource

jointly invested by several entities, whose administration is

entrusted to one of them.



(10) the item "URC.III. 5. Other leases or loans "includes amounts

provided by the insured, the insurance contract which is the main guarantee. In

This item shall also provide the amounts granted to the insured person, which

There are no guaranteed insurance policy.



(11) the item "URC.III. 6. Deposits with financial institutions "includes deposits

and the deposits confirmed deposit certificate, the party holding a sheet or other

a similar document under special legislation, ^ 27) or

other money have adopted values that the accounting unit placed at the

financial institutions and can be picked up only after a certain time. The values of the

substrate selection without that restriction, including deposits, which can be drawn

within 24 hours after notification, shall be indicated under the heading "f. II. Cash on accounts

with financial institutions and cash in hand ".



(12) the item "URC.III. 7. Other financial investments "contains the financial

the location of the (investment) that are not included in items URC.III. 1. up to

URC.III. 6. This item shall also indicate the objects and works of art

cultural values or receivables from reinsurance undertakings under the Special

legislation. ^ 28) States are also positive and negative real

the value of derivatives. ^ 29) does not specify the value of the underlying instruments here;

This value is given in the annex to the financial statements. Unless specified

otherwise, if the operation with derivatives or other operations with securities

are not inconsistent with the specific legislation on insurance,

the accounting unit of the marketing of derivatives and securities shall apply mutatis mutandis

the relevant provisions of Decree No. 501/2002 Coll., which shall be carried out

some of the provisions of Act No. 563/1991 Coll., on accounting, as amended by

amended, for the accounting units, which are banks and other

financial institutions, as amended.



(13) "Item C (IV). Deposits at active hedging "includes



in the balance sheet of insurance companies), which takes the collateral (hereinafter referred to as

"Prague"), claims for insurance companies, progressive

part of the risk and the corresponding provision (hereinafter referred to as "prvopojistitel"),

in the amount of the guarantee deposit of compound zajišťovatelem in prvopojistitele

or with a third party, or in the amount of which is fixed by these persons,



(b) the amounts referred to in point (a))) cannot be accounted for in accordance with other

claims providers for prvopojistitelem, nor may it be mutually

to settle accounts with debt providers to prvopojistiteli,



c) securities lodged with prvopojistitele or with a third party that

pass into the assets of the companies, the providers of State

in the item "URC.III. 1. Shares and other securities with variable

income, other interests "or" URC.III. 2. Debt securities ' assets.



(2) the heading "d. financial placements of life insurance, if the holder of

investment risk policyholder "includes investment, whose source

financing of the technical provision is referred to under the heading "d. Technical

reserves of life insurance, if investment risk

the policyholders ' liabilities. These investments also include investments that are

carried out on behalf of the members of tontines and will later be divided between them.



(15) financial investments (investments), where applicable,

include accrued accessories.



§ 11



(1) the summary entry "debtors" includes receivables from operations

Receivables from direct insurance operations reinsurance and other receivables,

If they are not as intangible thing made in a movable items "B."

"(C)" assets.



(2) the heading "E. I. receivables arising from direct insurance operations" includes

accounts receivable in the subheading "E.I. 1. policyholders ' ^ 29a) and in the subheading "E.I. 2.

the insurance intermediaries '. ^ 30)



(3) the heading "e. II. Receivables from reinsurance operations "contains accounts receivable

for the supplier, including the insurance intermediaries ^ 30), if

their activities to the provision.



(4) in the case of co-insurance under the relevant treaty, each of the

the business units only in the amount of claims, in which participates in this

co-insurance.



(5) the item "URE.III. Other receivables "includes in particular the claims of

bills of Exchange and foreign bills of Exchange on its own series, claims from the time of

the Bills of provisions for these receivables, receivables from social

Security and health insurance. There are no receivables

from direct insurance operations and accounts receivable from operations or

Receivables from brokers.



§ 12



(1) the summary entry "(F). other assets" includes the assets referred to in

F.I. entries to (F). IV. These assets are not included in the item "C.

Financial placements (investments). " It does not cover specific assets accrued

Accessories, it is stated in the item "G.I. Accrued interest and rent".



(2) the item "F.I. tangible fixed assets, other than assets referenced in the

the item headed "land and buildings", and supplies "includes



a) movable property, ^ 32) with the exception of stocks; These assets are broken down into

odpisovaný and neodpisovaný,




(b)) inventory, if are not shown in the item "URG.III. Other transitory accounts

assets "



(c) the costs related to the acquisition) of fixed assets, including land,

buildings, or other immovable, and prepayments and závdavky on

the acquisition of that property.



The item can be broken down into subitems. Unless specified otherwise, in

the details of the content definition of tangible fixed assets, including

the item "C.I." assets, the entity shall apply mutatis mutandis the corresponding

the provisions of Decree No. 500/2002 Coll..



(3) the heading "f. II. Cash on accounts with financial institutions and cash

at the box office "contains in addition to the cash drawer on



and the securities, in particular) postage stamps, stamps,



b) cheques, ^ 33) that appear in the subheading,



(c)) other values in the box office, in particular, credit and debit cards if they have

the value from which will be drawn after the release to use.



(4) "Item F (IV). Other assets "includes such assets, which are not

included in the items to F.I. URF.III.



section 13 of the



(1) the summary entry "g. temporary asset accounts" includes items

accruals, which are accrued income or costs

the next period, and active. Accrued income

represent income for the current period, concerning revenue

the next accounting period. Deferred expenses represent expenses

for the current period, concerning the cost of subsequent financial

period. The criterion for placing accounting cases such as accrual

is the fact that it is known at the same time their material definition, above and

the period to which they relate. There are no amounts accrued

Accessories according to § 10 para. 15.



(2) the item "G.I. Accrued interest and rent" includes those amounts,

that are accrued income.



(3) the heading "g. II. Deferred acquisition costs on insurance contracts "

contains the amounts that are accrued expenses. The amount of the

These costs are calculated by the methods listed in section 30.



(4) the item "URG.III. Other temporary asset accounts "includes amounts

which are not shown in the "G.I. Accrued interest and rent" or "G. II.

Deferred acquisition costs on insurance contracts ". In particular, inventory,

If you are listed as the time resolution. In subheading a) shall state the

Active accruals, which are the amounts which cannot be reported as

the claim for reasons of their estimated above; for example, the preliminary

insurance coverage for insurance companies, estimated amounts for rental of property

rights. As items, you cannot bring any amounts that apply

the technical reserves under special legislation. ^ 35)



§ 14



(1) the summary entry "a. capital" includes the liabilities referred to in

A.I. to URA.VII items. liabilities.



(2) the item "A.I. registered capital" includes share capital according to the

the law on commercial corporations and the law governing the insurance industry. In

When it comes to trading companies in the commercial capital

the register of registered or even compulsory nezapisovaný. In the case of cooperatives of

share capital in the commercial register or registered and unregistered. In

subheading and), are changes in registered capital business

company before writing those changes into the commercial register.



(3) the heading "a. II. Share premium "contains the difference between the emission rate, and

the nominal value of the shares pursuant to the Act on commercial corporations ^ 36).



(4) the item "URA.III. Reserve for revaluation "is stated only in the

If its use results from a special legal regulation.



(5) the heading "a. IV. Other capital funds "includes funds that are

created from a source other than from profit in the accounts of the entity,

unless otherwise provided by special legislation provides otherwise, with the exception of the reserve fund

the new award, which is given in the item "URA.III. Reserve Fund to the new

the award ". These funds shall be set out separately in the individual subheadings of this

item. In this entry are given grants or resources from

non-performance or revaluation of fair value measurement.



(6) the entry "A.V. Reserve Fund and other funds from profit" includes

the reserve fund, where appropriate, other funds created under the law on commercial

corporations and other funds created from profit in the accounting

the accounting unit.



§ 15



The item "b. subordinated debt" includes all of the commitments, whether supported by

or not the securities, which were contractually agreed that, in

the event of the liquidation or bankruptcy in the last order will be reimbursed up to

after satisfaction of the rights of other creditors.



section 16 of the



(1) the summary item "c. Technical reserves", contains the technical provisions

under special legislation. ^ 1a)



(2) the items and subitems C. 1), c. 2), c. 3), c. 4.), c. 6),

C. 7), C. 8. a) and (D)) liabilities contain gross technical provisions

before their reduction of reinsurers ' share.



(3) items and sub-items (C). 1. b), (C) 2. b), (C). 3. b), c. 4. b), c. 6 (b)),

C. 7. b), (C) 8 (b)), and (D). b) liabilities include reinsurers ' share in accordance with

reinsurance contract, 36a) about that ^ ^ always reduces the gross amount

technical provisions.



(4) as regards item "C (1). Provision for unearned premiums ", the share of

providers shall be determined in the same way as in the case of the creation

^ 37) and reserves according to the reinsurance treaty and includes an amount representing

the proportion of gross premiums written which is to be assigned to the

following the accounting period or later accounting periods. Reserve

is created by a special legal regulation also ^ 1a)

unearned reinsurance premium



(5) the entry "(C). 5. Equalisation provision "does not enter into reinsurance,

unless otherwise provided in the specific legislation. ^ 1a) for the purpose for which the

uses this reserve cannot use the funds referred to in the item "a. IV.

Other capital funds "and" A.V. Reserve Fund and other funds from

gain ' liabilities or resources mentioned in the item "A.VI. Retained earnings

previous accounting periods, or accumulated loss brought forward

period "and" URA.VII. Profit or loss for the current period ".



(6) the entry "(C). 6. Other technical reserves ", if they are not included in the

"(C). 1. Provision for unearned premiums "or" (C). 2. Reserve

life insurance "or" (C). 7. Provision for the fulfilment of the

from the used technical interest rates and other quantitative parameters "

liabilities include a reserve for insufficient premiums or other provisions,

If they have been approved under special legislation. ^ 38)



(7) the item "c. 7. The reserve for the fulfilment of the obligations from the used technical

interest rates and other quantitative parameters "contains technical

reserves under special legislation. ^ 37a)



(8) the item "c. 9. Provision for liabilities of the Office "contains technical

reserves under special legislation ^ 37b). The provisions of paragraphs 2

and (3) shall apply mutatis mutandis.



(9) the heading "d. technical provision life insurance, if the holder of

investment risk policyholder "includes a reserve under the Special

legislation, ^ 39) that applies to the heading "d. Financial

the location of life insurance, if investment risk

the policyholders ' assets. It also lists the technical reserves established by the

coverage for the liability of the Organizer against the members of the Association of tontines, as

mentioned in item (D). assets.



(10) the heading "f. Deposits if passive hedging" includes



and prvopojistitele debts on the balance sheet) of guarantee of deposits of compound with

prvopojistitele zajišťovatelem or taken from him under a contract of

ensure



(b) the amounts referred to in point (a))) cannot be accounted for in accordance with other debts

prvopojistitele against the supplier, nor may it be as follows to

claims for zajišťovatelem, prvopojistitele



(c)) if prvopojistitel received a guarantee in the form of securities, which

have been transferred to his assets this item reflects the amount you

prvopojistitel owes the supplier under this warranty.



Deposits if passive collateral to include accrued accessories.



section 16a



paid



§ 17



the title of the paid



(1) the summary entry "e. provisions" includes from reserves pursuant to section 26 paragraph 1. 3

Bill a provision for pensions and similar obligations, provision for income tax,

reserve for risks and losses and provision for restructuring.



(2) the heading "e. 1. Provision for pensions and similar obligations "contains this

a reserve, if the entity's obligation to pay pensions to employees

or similar benefits resulting from the contract or from a specific legal

prescription.



(3) the heading "e. 2. Provision for taxes "contains a provision that creates

in the amount of the estimate of the tax liability of the legal entity income tax payable

people at the end of the balance sheet date or to another point in time to which the

financial statements are drawn up; the use of the reserve is experiencing a time of

tax return for that tax.



(4) the heading "e. 3. Other provisions "includes a reserve for risks and losses

and a provision for restructuring:



and) provision for risks and losses are created, just where the risks and losses

associated with a contractual basis from which they derive costs higher than they

the corresponding income and which would lead to sanctions disproportionate

benefits resulting from those contracts.




(b) provision for restructuring) creates, if the commitment to this

restructuring is already an irrevocable. The provision for restructuring

may include only the costs directly associated with the restructuring. When

the determination of the amount of the reserve account shall be taken of any profits from the sale of assets,

which the restructuring concerns. Reserve may not include the cost of

activities in which continues, in particular, the cost of training and resettlement

the workers who remain, and will be transferred to other offices,

business costs, investing in new sales systems and networks. For

the purpose of the provision for such an undertaking shall be deemed an irrevocable, that is

a valid contract is concluded on the future agreement on the sale of the business establishment

or parts of it, in particular the organizational units or branches, or a detailed

the restructuring plan, which can no longer be revoked; condition

finality is not fulfilled, if the plan is approved, this plan only

a statutory body, in addition, it is necessary that the implementation of the plan began and

people have been informed about it, to which it relates. The restructuring plan

at least contains a description of the activities of the business establishment or part thereof,

in particular, the organizational units or branches, to which it relates, the place of performance

work, job title, and the approximate number of employees who will be

terminated or will be changed their job title,

the costs associated with the implementation of the plan and the timetable for its implementation in the

the near future, the plan will be implemented quickly enough to its

the change has been improbable.



section 18



(1) the summary entry "g. Lenders" includes the liabilities referred to in items

G.i. to G.VI.



(2) the item "G.I. Liabilities from direct insurance operations" and "G. II. Commitments

out of reinsurance operations "contain the listed debts in relation to the

cost items in the profit and loss account. In these items, the

indicate also the debts to insurance intermediaries or

separate insurance events ^ 30 liquidators) and debts of the recorded

liability for obligations of the Offices under special legislation. ^ 40)



(3) the item "URG.III. Payables from debt securities "includes amounts

designed to bridge the shortfall in funding for the reasons

default of debts of the issued bonds; in subheading a) shall state the

convertible bonds.



(4) the item "other creditors G.V." contains, in particular, of the Bills and their

the discount of its debt securities, debts against the

employees of income from employment, social debt

Security and health insurance, income tax debts and other

direct taxes, debts of the deferred income tax, value added tax debts

values and other indirect taxes, subsidies, debt. This item shall

indicate also the debts arising from the obligation to pay the contributions Office

under special legislation ^ 41) and debts of obligations of members

Agencies pay the contribution to the Fund of the barriers harm ^ 52). In this entry

the rules do not specify any debts that are expressed in the items of the G.I. to URG.III.

liabilities.



(5) Synthesis "h. temporary liability accounts" includes cases

accruals, which are accrued expenses and revenues

the next period, and items. Accrued expenses are

those costs that are related to the current accounting period, but expenditure on

It has not yet been made. Deferred income means the amount

adopted in the current period that are related to the time and venue of the

revenue for the following financial year. The criterion for placing accounting

the time resolution of the cases is the fact that it is at the same time known for their

the substantive definition above and the period to which they relate. Will not appear here

any amounts accrued under section 10(4) of the accessories. 15 or section 15

paragraph. 8. It does not cover specific liabilities accrued accessories,

lists under the heading "H.I. accrued expenses and deferred income".



(6) the entry "H.I. accrued expenses and deferred income"

contains the amount of the accrual.



(7) the entry "h. II. Other temporary liability accounts "includes amounts that

shall not be included in the item "H.I. accrued expenses and deferred income

period ". In the subheading and), are passive items which

are the amounts which cannot be listed as debts due to their estimated above;

for example, interest income from securities with variable yield,

the amounts that are the subject of litigation. As items, you cannot

indicate any amounts that relate to technical reserves according to the

special legislation. ^ 35)



TITLE III



DISPLAY THE DEFINITION OF SOME ITEMS OF THE PROFIT AND LOSS



§ 19



(1) the heading "gross premiums written" (hereinafter referred to as "prescribed by

gross premiums ") in the technical account for non-life insurance marked

"I. 1)" and in the life-assurance technical account marked "II. 1)"

includes all amounts due during the accounting period by insurance

contracts, regardless of the fact that such amounts may be subject to

whole or in part at a later accounting period; in particular, these amounts

include:



and insurance) has not yet been prescribed, since the calculation of the

insurance premiums can be done only at the end of the accounting period,



(b)) 1. single premiums, including premiums paid in installments,



2. life insurance single premium resulting from the provisions on the

bonuses and rebates, if taken into account as insurance premiums on the basis of the treaties and

If specific legislation 1a) ordering, or ^ allow its commissioning

under the insurance,



(c) in the case of an increase in premiums) half-yearly, quarterly or

monthly payments and additional payments from policyholders, intended to cover

formation expenses the insurance company,



(d) the proportion of the total insurance) insurance in the case of co-insurance,



e) reinsurance, originating in active reinsurance, in which experiencing

assignment of insurance premiums (hereinafter referred to as "cese"), or from the reinsurance

between the supplier (hereinafter referred to as "retrocession"), including the additions of premiums

the tribe,

After the deduction of



f) decreases of the portfolio in favour of reinsurance cessions and retrocessions accepted, and



g) anulací that are clearing or repair.

These amounts may not include taxes or charges levied with premiums.



(2) the item "Premiums ceded to reinsurers ' in the technical account

non-life insurance marked ' I (1) (b)), "and in the technical account for life

insurance marked "II. 1. b)" contains all of the premiums written in

a reinsurance contract concluded by the insurance undertaking. New additions to the premiums from

contracts that is due during the conclusion of contracts of reinsurance, or changes in the

added; decreases in premiums from contracts where the termination of the

be deducted.



(3) the item "change in the provision for unearned premiums, net of

ensure "in the non-life insurance technical account marked with" I (1) (c)) "

and "I (1) (d))" and in the life-assurance technical account marked "II. 1 c)"

contains the status change of the reserve.



(4) the Entries of changes in other technical provisions in the technical account

non-life insurance marked "i. 4. b)" and "I." and "I." and in 9

Life-assurance technical account marked "II. 5. b)" and "(II) 6."

include changes to the State of the relevant technical provisions. The status changes to

State so as to enable it to determine the amount of these reserves, particularly gross and

reinsurers ' share. Change in the provision shall be calculated as the difference between

the final and initial state of the reserves.



(5) the "cost of claims incurred, net of reinsurance" in

Non-life insurance technical account marked with "4." and in the technical

account for life insurance marked "II. 5." contains



and the cost of insurance claims) gross, from which shall be deducted

shares of reinsurers. These costs shall include all amounts of premiums

implementation of approved to pay for the accounting period to persons who have the right to

performance, plus the change in the provision for outstanding claims is a common

accounting period. The above amounts include, in particular, the cost of the annuity

withdrawal from the contract or a new contract, and losses on the withdrawal from the

contracts in the reserve for outstanding claims at prvopojistitelů or

reinsurers, both external and internal costs and management costs

debt out of the indemnity, as well as emerging but as yet unannounced

of the insured event,



(b)) from costs under (a)) shall be deducted, in particular amounts recovered from

the legal ownership of insured property, or of the

creditor rights by paying the creditor for the debtor, which is

subrogation, and compensation for damages for the debtor of the receivable affected performance

decisions that are regresem, the payment of the indemnity to the victims

for the person insured under the insurance contract.



(6) the entry "bonuses and rebates, net of reinsurance technical account

non-life insurance marked ' i. 6. "and in the technical account for life

insurance marked "II. 7." contains



and the premium, which includes) all amounts for the accounting periods that have been

or will be paid to the insured person or to other persons who have contracted


the right to indemnification or to the premiums and discounts that are in their

benefit in the reserve for bonuses and discounts, including amounts used to

increase in technical provisions or to reduce future premiums in

If these amounts are the assessment of surplus premiums or profits,

resulting from all operations or only some of them, after

deduction of the amounts, which formed the reserve in previous accounting periods

and that is no longer required,



b) discounts, which include the amounts referred to in point (a)), when it comes to

partial payment of claims on the basis of individual contracts.



Bonuses and discounts are given to enable it to identify separately their

the gross amount and the reinsurers ' share.



(7) the item "acquisition costs on insurance contracts" in the technical account

for non-life insurance marked ' I. 7) "and in the technical account

life insurance marked "II. 8. a)" and includes costs resulting from

the conclusion of insurance contracts. The item marked "7. b)" in the technical account

for non-life insurance and the item marked "II. 8. b)" in the technical account

for life insurance include state change of deferred acquisition

costs. Acquisition costs include both direct costs, in particular

acquisition commissions or the costs of establishing the file, so the indirect costs,

in particular, the cost of advertising or overheads to negotiate insurance

and the conclusion of insurance contracts.



(8) the item "administrative expenses" in the technical account for non-life insurance

marked with "i. 7. c)," and in the technical account for life insurance marked

"II. 8 c)" contains, in particular, the provision for the renewal of insurance contracts,

the costs associated with direct debit premiums, portfolio management, administration

premiums and discounts and the cost of the received and transmitted reinsurance. Administrative

Director includes in particular the details of personnel costs, depreciations

tangible fixed assets, which is not a financial location

(investments) in accordance with § 10, energy consumption.



(9) the item "income from investments" and "the cost of the financial

the location "in the life-assurance technical account marked" II. 2. "

"II. 9." and in the non-technical account labeled "III. 3." and "III."



and) all revenue and costs of financial placements within the non-life

insurance, which are placed in the non-technical account,



(b)) with respect to an undertaking carrying on life insurance, income and expenses

financial investments are given in the technical account for life insurance,



c) in the case of the insurance company, providing at the same time the life and non-life

insurance, revenues and costs of financial placements are given in the technical

account for life insurance, if they are directly connected with the activities in the

the field of life assurance,



d) subheadings (II). 2 c), (II). 9. b), III. 3 c), and (III). 5. b) States making

and use of adjustments to bonds held to maturity, which

they do not appreciate the fair value pursuant to § 27 para. 1 (b). (c)) of the Act and are

shown in the URC.III. 2 b).

This item shall also indicate the interest income and expense.



(10) the item "income from investments" in the technical account

for non-life insurance marked "2." and in the technical account for life

insurance marked, "II. 12." and in the non-technical account labeled "III. 4." and

"III. 6." includes the following revenue



and if it is part of) income from investments transferred to the technical

account for non-life insurance (item i.2.), shall be deducted from the transfer

The non-technical account item III. 6. transfer of income from financial

investments in non-life insurance technical account (item

I.2.) " and added to the heading "i. 2. Income from financial

investments from the non-technical account (item III.6.) "



(b)) if part of the income from investments, referred to on the technical

account for life insurance, transferred to the non-technical account shall be deducted

the amount transferred from the "II. 12. Transfer of income from financial investments

(investment) to the non-technical account (item III.4.) and added to item

"III. 4. income of financial placements (investments) from the technical

account for life insurance (item (II). 12.) ".



(11) the entry "gains in value of financial placements (investments)" and

"Decreases the value of financial placements (investments)" in the technical account

life insurance marked "II. 3." and "II. 10." include amounts

valuation differences in the application of fair value in accordance with section 29. In each

the case is referred to the differences reported in this item, subject to

investments under the heading "d. financial placements

insurance, if investment risk policyholders ' assets.



section 20



(1) the item "other technical expenses, net of reinsurance" in

Non-life insurance technical account marked "8." and in the technical

account for life insurance marked "II. 11." includes costs that

cannot be placed in other items of such technical accounts. In this entry

stating the formation of technical provisions. This item shows the formation of

adjustments to receivables from direct insurance operations,

Receivables from reinsurance and other receivables reported in

"E.I. Receivables from direct insurance operations" and "e. II.

Receivables from reinsurance operations "of assets and depreciation of these claims. In this

the item will also indicate the salvage costs under the civil

code ^ 41a).



(2) the item "other technical income, net of reinsurance" in

Non-life insurance technical account marked with "3." and in the technical

account for life insurance marked "II. 4." includes revenue that

cannot be placed in other items of such technical accounts. In this entry

States use the technical provisions. In addition to this entry

use of adjustments to receivables from direct insurance operations,

Receivables from reinsurance and other receivables reported in

"E.I. Receivables from direct insurance operations" and "e. II.

Receivables from reinsurance operations "assets. This item shall also state

the remuneration corresponding to the premiums under the civil code ^ 55).



(3) the heading "III. 8. other expenses "in the non-technical account contains

costs arising from insurance activities other than insurance

or reinsurance activity, or costs that are not shown in other

non-technical account item. This item shall also indicate



a) depreciation and adjustments to property that is not in the financial position in

the entries ' (C). financial placements (investments) and "d. financial placements

life insurance, where the investment risk is borne by the policyholders '

assets. To investments, which is the content of the summary of the item "C.

Financial placements (investments) ", with the exception of bonds held-to-

maturity, which is at fair value in accordance with § 27 para. 1

(a). (c)) of the Act, and are reported in the URC.III. 2. b), depreciation and

adjustments do not produce. Write-offs and valuation adjustments on

do not create to investments, which is the content of the item "D.

Financial placements of life insurance, if the investment

the risk of the policyholders ",



b) contractual penalties and default interest, late fees, penalties,

where appropriate, other sanctions arising out of the contractual relationship, the postižní of the amount,

the penalties of the relevant decision or specific legislation,

regardless of whether the debts were paid, or not; No

from these penalties cannot be transferred to the technical account for costs

non-life insurance or life insurance technical account,



(c)) the creation of reserves, which are given in the item "other reserves E."

liabilities,



d) exchange rate differences from the translation of assets and liabilities expressed in foreign currency

the Czech currency pursuant to § 24 para. 4 (b). (b)) of the Act; in the case of the valuation of

the fair value of foreign exchange difference is part of the value and self

is not mentioned.



(4) the entry "III. 11. Extraordinary expenses "in the non-technical account contains

the cost of a completely extraordinary operations the ordinary activities of the accounting

units, as well as the costs of the extraordinary event arbitrarily,

"in the wild.



(5) the entry "III. 7. Other income "in the non-technical account contains revenue

resulting from activities other than the insurance undertaking, or

reinsurance activities, in particular the returns that are not reported on other item

The non-technical account. This item shall also indicate



and received payments from the) written-off receivables,



(b)) received contractual penalties and default interest, late payment fees,

the finance charge, or other penalties resulting from the contractual relationship, postižní

the amount of the sanction of the relevant decision or a specific legal

the regulation, regardless of whether the payment of the claim has been accepted,

or not; any of these penalties cannot be transferred to income

The technical account for non-life-insurance technical account, or

life insurance,



(c)) use of provisions that appear in the item "other reserves E."

liabilities,



d) exchange rate differences from the translation of assets and liabilities expressed in foreign currency

the Czech currency pursuant to § 24 para. 4 (b). (b)) of the Act; in the case of the valuation of


the fair value of foreign exchange difference is part of the value and self

is not mentioned.



(6) the entry "III. 12. Extraordinary income "in the non-technical account contains

revenue from operations that are clearly due to the normal activities of the accounting

units, as well as the proceeds from events at random is

"in the wild.



section 21



(1) unless otherwise stipulated, the costs and revenues cannot be transferred between



Technical account) life-assurance technical account

non-life insurance,



(b)) Netechnickým account and the technical account for life insurance, or

The technical account for non-life insurance.



(2) in the case that cannot be broken down any of the assigned cost clearly

assigned to the technical account for non-life insurance or to

The technical account for life assurance, the assignment to such cargo

primarily to the non-technical account, from which you can then schedule it to

the technical account. These conversions should not lead to distortion of the faithful

and fair view of the accounting books. As follows the tax cannot be converted, and

fees, expenses that are not related to insurance and reinsurance, and other

costs that are only listed in the non-technical account.



(3) in the event that it cannot be any of the assigned revenue broken down clearly

assigned to the technical account for non-life insurance or to

The technical account for life assurance, the assignment to such cargo

primarily to the non-technical account, from which you can then schedule it to

the technical account. These conversions should not lead to distortion of the faithful

and fair view of the accounting books. The following can not be transferred using

adjustments, use of provisions, extraordinary income and revenue

are not related to non-life or life insurance, and reinsurance.



TITLE IV



SCOPE OF THE ANNEX TO THE FINANCIAL STATEMENTS



section 22



(1) the content of the various balance sheet items and profit and

the loss also includes information



and) to an item headed "land and buildings" holdings, ownership and

other substantive rights to the asset on this entry, as well as other

information about the asset entered in the public databases or

the registers or other records maintained under specific legal

legislation; This applies mutatis mutandis to the assets referenced in the item "F.I."



(b)) to the item "URC.III. 5. Other leases or loans "on the amounts

provided by the policyholders, which is the main guarantee of the fuse, and also

the amounts provided by the non-guaranteed insurance policy-holders; If

their material, ^ 4) individually,



(c)) to the item "URC.III. 7. Other financial investments of the financial

the location where the amount is significant, "^ 4) individually,



(d)) to "F (IV). Other assets "on these assets, if the amount of the

significant ^ 4) individually,



e) to item "C 5. The Equalization reserve "about it, if not for the purpose

the use of this reserve is created at the same time funds reported in item A (IV)

or liabilities, A.V.



(f)) to item "C. 6. Other technical reserves "on the level of those reserves,

If significant, ^ 4) individually,



g) to items "g. temporary asset accounts" and "h. temporary liability accounts"

amounts of assets and liabilities, if they are significant, "^ 4)



(h)) to the item "i. 4. and (II). 5. The cost of claims incurred, net of

"on the amount of and the extent of the difference is significant, ^ 4) between the



1. the amount of the provision for outstanding claims at the beginning of the accounting year, determined to

the use of claims occurring during the previous accounting

the period that has not been paid, and



2. the sums paid during the accounting period for claims

occurring during the preceding financial years and the amount of the reserve intended for

use on this still unsettled insurance claims at the end of the current

of the accounting period



I) to the item "i. 6. and (II). 7. Bonuses and rebates, net of reinsurance "

the amounts of premiums and discounts, if the amount is significant, individually,



(j)) to the item "i. 2. and (II). 12. Income from financial investments "

the reasons for the transfers and the base on which these transfers have taken place,



to the total amount of carried out) transfers pursuant to § 21 para. 2 or 3,



l on the share of reinsurers) on the items "other technical expenses" or

"Other technical income"



m) to items III. 11. Extraordinary expenses "and" III. 12. Extraordinary income "

about the amount and nature of these expenses and income for the current or previous accounting

period, where significant ^ 4) for profit,



n) to the item "(B). a) formation expenses" for an explanation of the amounts referred to in this

item,



about) to the item "b. b) goodwill" on the procedure of depreciation used pursuant to § 33

paragraph. 4 with the reasons for this use.



(2) in addition to the information referred to in paragraph 1 of the annex also contains at least

for information about the



and the methods of valuation used) for the various items of the financial statements,

including the procedures of creation and use of adjustments or

depreciation procedures, the rate used for the conversion of foreign currency

currency,



(b) the company or another) the business name and seat of the business units, in which the

the entity itself or through a third party acting on its

in the name and on his behalf, holding a share, indicating the amount of this share, as well as

(I) the amount of capital, funds and the profit or loss of the accounting

for the last financial year. This information may not be listed,

If there are significant. ^ 4) this information about equity may not be

also listed, if they relate to the entity that does not have

the obligation to publish them, and whose market share of at least decisive

the effect on its basic capital is held by an entity the way ahead

referred to,



(c)) the number and nominal value or, in the absence of a nominal value,

Awards in the financial statements of the shares subscribed during the financial year, with

limits of the authorised capital, without being in breach of

the provisions on the amount under special legislation,



(d)) the number and nominal value or, in the absence of a nominal value,

Awards in the financial statements of each type of shares, if any such

more species,



e) existence of interim certificates, vouchers for shares, warrants,

and bonds, convertible bonds or similar securities

or the rights attaching thereto, with an indication of their number and the rights

United,



f) debt accounting unit, whose residual maturity to

balance sheet date exceeds 5 years, as well as on the amount of any debt accounting

units, backed by a full guarantee, given by the entity, with the

indication of the nature and forms of guarantees; This information shall be reported separately for

each item according to the layout of the balance sheet, the creditor



(g)) the total amount of financial liabilities that are not included in the balance sheet in

this case, this information is used to determine the financial position. The debts of the

on pensions or pensions and controlled by the people shall be shown separately,



(h) the nature and business purpose) transactions of the business units that are not

included in the balance sheet, and the financial impact of the transaction on the company,

If the risks or benefits arising from these transactions are material and where it is

disclosure of such risks or benefits is necessary to assess the financial

the situation ^ 42a) business unit,



I) transactions that an entity has with the related party,

including the volume of such transactions, the nature of the related party relationship and

other information about these transactions that are necessary to

understanding of the financial situation of the entity, if such transactions are

significant and have not been concluded under normal conditions on a regulated market.

Information about individual transactions may be aggregated according to their

nature except where separate information is necessary for the

understanding of the effects of related party transactions on the financial situation

the accounting unit; related party has the same meaning as in

international accounting standards referred to in section 19a of the Act,



j) insurance under paragraph 23,



the State employees ' post-) the average during the financial year in

broken down by categories, as well as the costs for the accounting year

in terms of wages and salaries social security costs, with a separate

information about those that relate to pensions, if they are not listed

separately in the profit and loss account,



l) of the range in which the calculation of the profit or loss for the accounting period

influenced by the methods of valuation during the accounting period, or immediately

of the preceding financial period, with a view to tax relief. If

such awards has a significant influence on the future tax liability, it is necessary to

to provide more information about it,



m) the differences between the tax liability attributable to the accounting period, or

previous accounting period and paid taxes in the following accounting

periods only in the case that this difference is in terms of the future

a significant tax burden; This information shall be indicated only if the

the difference referred to in the total amount of included as a separate item in the balance sheet



n) remuneration paid in the reporting period in cash, as well as in

non-cash form of persons who are members of the governing body,

statutory or other managing and supervisory bodies, as well as the amount of


obligations incurred or entered into in respect of former members

listed bodies, with an indication of the total for each category,



about) the amount of advances, leases and other assets, provided to persons

that are statutory bodies, members of statutory or other

the management and supervisory bodies, with indications of the interest rates, main conditions

and any amounts due, the amount of guarantees provided under reference

the total for each category,



p) or the company name, registered office and legal form of each of the business units in the

which is an entity member having unlimited liability,



r) total cost of remuneration of statutory auditor or

audit of the company for the financial year, broken down for the statutory audit

financial statements other assurance services, tax advisory services and other

non-audit services. This information does not need to be placed where the financial

the unit is included in the consolidated accounts drawn up in accordance with

part five, if such information is given in annex v

the consolidated financial statements.



(3) in annex shall indicate all the debts associated with some kind of warranty,

If they are not debt securities reported as liabilities, with

resolution of kinds of guarantees, which enable the specific legislation, and

with a special indication of the guarantees provided in the form of the security. If

these debts related to the controlled persons, shall be shown separately. It

does not apply to debts that are associated with the insurance and

hedging activities, which are reported in the balance sheet.



(4) the information referred to in paragraph 2 (a). (b)) may take the form of an outline.



(5) in the event that an entity has a branch or a subsidiary in

^ 43) abroad, stating the information about her in the range as the accounting unit.



(6) For placing the information on securities and derivatives are used

mutatis mutandis, the relevant provisions of Decree No. 501/2002 Coll., which

implementing some of the provisions of Act No. 563/1991 Coll., on accounting, in the

as amended, for the accounting units, which are banks and

other financial institutions, as amended.



(7) in the annex, the entity shall also:



a) name and address of the consolidating accounting unit higher consolidation

a whole (section 39 (2)), to which an entity as a controlled or

controlled entity belongs to,



(b)) name and address of the consolidating accounting unit of the lower of the consolidation

a whole (section 39 (2)), entering the consolidation unit according to the

(a)), to which an entity as a controlled or controlled by the person

It belongs,



(c)) where it is possible to consolidated accounts of consolidating

the business units referred to in points (a) and (b)) to obtain).



(8) an entity that has applied accounting methods in a manner based on

the assumption that it will continue its activities continuously and for that

at the same time there is a significant uncertainty, specifically in the

the fact that suggests that an entity need not be

able to continue their activities continuously and as a result, in

part of its normal business activities, for example, to perform its obligations,

be disclosed in the notes to the financial statements. Next, describe the potential

measures or proposals to address these matters.



Article 23 of the



(1) information about insurance in accordance with section 22 paragraph 1. 2 (a). h) are given in

the breakdown provided for in paragraphs 2 to 8.



(2) as regards non-life insurance, the



and) gross premiums written,



(b)) earned premiums, gross



(c)) the cost of insurance claims in the gross amount



d) gross operating expenditure,



(e)) the result from reinsurance, which includes the relevant balance sheet items and

the profit and loss account.



(3) the amounts referred to in paragraph 2 (a). a) to (e)) will be broken down into direct

insurance and active (taken) to ensure, if reinsurance acceptances

10% or more of gross premiums written, and then within direct

insurance the insurance industry into groups according to a special legal

prescription ^ 1a).



(4) the Division into sectoral groups referred to in paragraph 3, in the framework of the

direct insurance does not require, if the amount of gross

insurance premiums in that group does not exceed 10 000 0000 euros. However, the insurance company

shall in any case information to the three groups of insurance industry

in its activities the most important place occupy.



(5) in respect of a life insurance policy, the information about the specified

breakdown of gross premiums written in direct business and active (adopted)

ensure, if reinsurance acceptances 10% or more of the prescribed

gross premiums written.



(6) in the context of direct insurance in accordance with paragraph 5 shall be the following

information:



and individual insurance and insurance) from the collective insurance contracts,



(b)) insurance premiums and single premium regular,



(c) premiums from contracts without) of premiums written, premiums from bonus contracts and

premiums from contracts where the investment risk is borne by the policyholders



(d)) result from reinsurance, which includes the relevant balance sheet items and

the profit and loss account.



Placing the amounts for each of the letters), b) or (c)) shall not be required if the

the amount does not exceed 10% of the gross premiums written in the framework of the

direct insurance.



(7) in any case, the information about the total amount of the prescribed

gross premiums written in direct insurance, which stems from the treaties,

which the undertaking has concluded



and) in the Member State of the European Union, where it has its registered office,



(b)) in the other Member States of the European Union,



(c)) in other States,

with the fact that marketing of the relevant amounts is not required if they do not exceed 5

% of the total gross premiums written.



(8) an insurance undertaking shall indicate the information on the amount of the commissions in the context of direct

insurance during the accounting period. This applies to the Commission all

the species, in particular the commissions for the acquisition, renewal, collection and management of the

portfolio.



TITLE V OF THE



cancelled



§ 23a



cancelled



PART THREE



INDICATIVE CHART OF ACCOUNTS



section 24



Indicative chart of accounts is the arrangement of the posting of classes and posting groups for

insurance companies and determined in annex 4.



PART FOUR



THE ACCOUNTING METHODS AND THEIR USE



Financial investments



§ 25



(1) the fair value of ^ 44) shall apply to the valuation of investments that are

content:



the item "D). financial placements of life insurance, if the holder of

investment risk is the policy-holder ' and



(b) the summary of the item) ' c. financial placements (investments), "with the exception of

bonds held to maturity, which is at fair value

According to § 27 para. 1 (b). (c)) of the Act, and are reported in the

URC.III. 2 b).



(2) the purchase price of each item referred to in paragraph 1

determined in accordance with § 25 para. 1 of the Act states in annex to the financial statements.

In the annex to the financial statements, an entity also stated at the balance sheet date

the fair value of the bonds held to maturity, which do not appreciate

at fair value in accordance with § 27 para. 1 (b). (c)) of the Act, and are reported in the

item URC.III. 2 b).



section 26



(1) in the case of other financial placements (investments) than that

the contents of the item headed "land and buildings", the fair value means

market value, unless stated otherwise.



(2) If, at the time the financial statements financial investments was

Award-winning market value already sold or to be sold in an

a short time, up to 1 month will reduce the market value of the

the real costs of its implementation.



(3) if it is not objectively possible to determine the market value of the share, the

valuation by equivalents (in return). In addition to the shares and investments

Award-winning, market value, appreciate all the other financial investments

on the basis of a qualified estimate the likely realizable

values.



(4) the valuation by equivalents (consideration)



and unit cost share), excluding goodwill,



1. reduced by received a share of the profit before taxes, if applicable, to

other received sums resulting from the distribution of profit,



2. increase of the share of the profits or a share in the loss will be reduced by following the

the date of acquisition of the share,



3. the shares increased or decreased by the changes in equity, which

they were not listed in the statement of profit or loss,



(b)) of the amount by which the gain or loss from the valuation of the share using the equity method

(consideration), referred to in the statement of profit and loss exceeds the amount of the

referred to in point (a)), point 1, shall be transferred to the funds referred to in item

"AND (IV). Other capital funds ' liabilities



c are valued by zero), if the share of the loss of the consolidated financial

the units in which the consolidating accounting unit has a significant impact, it is

equal to or greater than the valuation of the shares in the accounts.



section 27 of the



(1) in the case of investments, which is the content of the item headed "

Land and buildings, "the fair value shall mean the market value, which is

provides a qualified estimate or opinion of an expert as the price at which

could be sold the land and buildings at the time of the performance of their

Awards.



(2) Valuation shall be carried out so that every piece of land separately, and each

the building, at least once every 5 years, the market value referred to in paragraph 1.




(3) If at the time of preparation of the financial statements were land and buildings no longer

sold or to be sold there in a short time, up to 3 months

This reduces the market value referred to in paragraph 1 of the real costs of

its implementation.



(4) paragraphs 1 to 3 shall apply mutatis mutandis to other immovable than

land and buildings.



section 28



Technical provisions



(1) the fair value of the technical provisions is deemed to be the amount

set out under a special legal regulations. "^ 1a) the fair value of

technical provisions may be laid down in accordance with § 27 para. 2 of the Act whether or not

using market values or expert opinion.



(2) the amount of the technical reserves shall be determined so that at any time has been

sufficient to the extent that the insurance company was unable to meet its

commitments arising from insurance contracts.



section 29



Valuation differences in the application of the fair value of



(1) the valuation differences from valuation at fair value are considered differences

between the valuation at the time of the accounting case pursuant to § 24 para.

2 (a). and to act against the awards) time of valuation in accordance with § 24 para. 2

(a). (b)) of the Act and the changes in fair value recorded in the following

accounting periods (hereinafter referred to as "gains").



(2) valuation differences shall be indicated in accordance with paragraph 1, unless

unless otherwise specified, with the exception of the technical reserves, under the heading "II. 3.

Gains in value of financial placements (investments) "or" (II). 10. Disposals

value of financial placements (investments) "technical account for life

insurance or under the heading "III. 3 c)" or "III. 5 (b))" the non-technical account

in the profit and loss account and in the relevant headings in the financial investments.



(3) the gains referred to in paragraph 1 in respect of the technical reserves shall be shown

in the appropriate item in the profit and loss account, stating that the creation of

or the use of the reserve, and in the appropriate entry in the technical provisions in

liabilities.



(4) the gains referred to in paragraph 1 in respect of securities and other

financial placements (investments) that are the content of the item "c. II.

Investments in subsidiaries and associates ", shall be set out in the

"AND (IV). Other capital funds ' liabilities. At the time of implementation, in particular

the sale, the revaluation differences transferred to the income statement items

and the losses referred to in paragraph 2.



(5) the gains referred to in paragraph 1 in respect of financial investments

(investments), which are the contents of an item headed "land and buildings",

indicate in the heading "a. IV. Other capital funds ' liabilities. At the time of

implementation, in particular in sales, the revaluation differences transferred to

items of the profit and loss account in accordance with paragraph 2. The same happens for

objects and works of art of cultural value according to a special legal

prescription ^ 28) which are placed under the heading "URC.III. 7. Other financial

the location ".



(6) gains referred to in paragraph 1 in respect of financial investments

(investments) that are the content of the item "URC.III. Other financial investments

In addition to the objects and works of art cultural values and derivatives according to

special legal regulation 28) ^ ^ ^ 29) and securities held-to-

due date (URC.III. 2), the items are entered in the profit and

the losses referred to in paragraph 2. Valuation differences referred to in paragraph 1 are

held-to-maturity are reported under the heading "a. IV. Other

capital funds ' liabilities and at the time of implementation, in particular in sales,

stated valuation differences transferred to the profit and loss account items

in accordance with paragraph 2.



(7) the gains referred to in paragraph 1 in respect of financial investments

(investments), which is the content of the entries ' (C). IV. Deposits at active

ensure "and item" d. financial placements of life insurance, if the

investment risk is the policy-holder "shall be indicated in the items of the statement of

profit and loss account in accordance with paragraph 2.



(8) the gains referred to in paragraph 1 for hedging derivatives are

they indicate the



and) in cases in which the change in the fair value according

paragraph 2,



(b)) in cases in which they provide changes to the future cash flows

under the heading "a. IV. Other capital funds ' liabilities and under the heading "URC.III. 7.

Other financial investments of assets. In the items of the profit and loss account

referred to in paragraph 2, the valuation differences in the same accounting

periods, in which the costs and revenues associated with

securing derivatives,



(c)) in cases in which the foreign exchange risk arising from the

the net investment in foreign currency shares with decisive or significant

the influence, under the heading "a. IV. Other capital funds ' liabilities and under

"URC.III. 7. Other financial investments of assets for hedging derivative. In

the items of the profit and loss account in accordance with paragraph 2, the valuation differences

reported in the same accounting period in which the costs shall be given, and

the loss of revenues associated with those provided by net investment.



(9) for the valuation differences pursuant to paragraph 1 in the conversion of the accounting unit

shall apply mutatis mutandis to section 14a, 54 and 54a of the Decree No. 500/2002 Coll., that

These differences are given under the heading "a. IV. Other capital funds "; u

securities, shares and derivatives is reported according to the revaluation

of this order.



section 30



(1) in the case of non-life insurance, the amount of the accrued

acquisition costs on insurance contracts calculated from the base, which is

compatible with the basis used for unearned premiums. It

does not apply in the case of non-life insurance, to which also lays down the

non-life insurance provision; in this case, the amount

deferred acquisition costs on insurance contracts shall be calculated by

the use of actuarial methods consistent with the methods for calculating the

non-life insurance provision.



(2) in the case of life insurance can be for the calculation of the amount of time

acquisition costs of insurance policies used actuarial

mathematical methods as in technical provisions of insurance.



section 31



The definition of costs related to the acquisition of fixed assets, inventory,

Receivables, securities and ownership interests



(1) for the definition of the costs associated with the acquisition of the fixed

intangible assets, fixed assets, inventory, animals,

claims with the exception of the claims referred to in the item "E.I. Claim

from direct insurance "and" e. II. Receivables from reinsurance operations "of assets and

for the method of valuation of assets or file when the costing method, the acquisition of more

than one folder asset transfer or gradient of the entity shall apply the

mutatis mutandis, the relevant provisions of Decree No. 500/2002 Coll..



(2) the acquisition cost of securities and market share are also direct

the costs associated with its acquisition, in particular fees and commissions

to brokers, advisors, stock exchanges. The costs associated with the acquisition of valuable

paper and market share do not include interest on loans for the acquisition of securities and

share of the premium or discount, internal administrative costs or the cost of

holdings of securities and market share. The securities received or delivered

in the framework of the futures transaction is part of its valuation, the fair value of fixed

futures transaction or intrinsic value of the option.



§ 32



How to create and use of adjustments



(1) adjustments are created only when the transitional impairment

the property, which is shown based on the inventory. When the inventory of

shall be assessed the amount and justification of adjustments that have been created.



(2) adjustments are not created for assets, which according to § 27 a

the law recognises the fair value or using the equity method (consideration).



(3) the value adjustments referred to in the non-technical account

"III. 8. other expenses" or in the technical account for life insurance in

the entry "II. 11. Other technical expenses, net of reinsurance ". In

the case of bonds held to maturity, which are at the fair

value in accordance with § 27 para. 1 (b). (c)) of the Act, and are reported in the

URC.III. 2. b) value adjustments recorded in accordance with § 19 para.

9 (a). d). use of adjustments, including their dissolution on

the basis of the inventory referred to in the non-technical account in the "III. 7.

Other income "or in the technical account for life insurance in the

"II. 4. other technical income, net of reinsurance". In the case of

bonds held to maturity, which is at fair value

According to § 27 para. 1 (b). (c)) of the Act, and are reported in the

URC.III. 2. b), the use of adjustments recorded in accordance with § 19

paragraph. 9 (a). (d)).



(4) provision should not create a value greater than the value of

the assets in the accounts. Use the correcting entry must not be greater than the

total creation of adjusting entries.



§ 33



Asset depreciation



(1) the intangible assets, which is stated in the item "(B).

Intangible fixed assets "of assets, and odpisovaný tangible fixed

the assets stated in the item "F.I. tangible fixed assets, other

than the property referenced in the entry headed "land and buildings" and "asset inventory,

are depreciated from the awards provided for in section 25 of the Act in the course of its

the use of. Depreciation can be expressed beyond time, in particular performances.



(2) unless otherwise stipulated, in the details of the asset depreciation


the entity shall apply mutatis mutandis, the relevant provisions of Decree No.

500/2002 Coll..



(3) the formation expenses, which are the contents of the item "(B).

intangible assets ' the assets shall be depreciated within 5 years.



(4) the Goodwill, which is the content of the item "b. intangible fixed assets"

the assets are depreciated evenly for the use of the property to which

applies. If you cannot determine the use of assets, depreciated

with goodwill for a maximum period of 5 years.



(5) other intangible fixed assets, which is the content of item (B).

assets and is not listed in paragraphs 3 and 4, are depreciated over a period of not more than 20

years of age.



(6) the Depreciation shall be indicated in the non-technical account in the "III. 8. Other

the cost of "or in the technical account for life insurance in the

"II. 8 c) administrative overheads".



(7) in accordance with the provisions of section 28 of the Act is also not depreciated assets that are

the content of the entries ' (C). financial placements (investments) "and" (D).

the location of life insurance, if investment risk

the policy-holder "," E. I. receivables arising from direct insurance operations "and" e. II.

Receivables from reinsurance operations ".



§ 34



How to create and use of provisions



(1) the provisions referred to in section 26 of the Act governs the procedure for creating and

the use of reserves for risks and losses, the provision for income taxes, provision for

pensions and similar obligations and provisions for restructuring, which is

indicate in the heading "e. reserve ' liabilities. As well, the State reserves under

special legislation ^ 46) with the exception of the technical provisions.



(2) provisions are intended to cover the debts, which are clearly defined what

in their nature, and which are at the time of the award [section 26 (2)

(a). (b)) of the Act] is either likely or certain, but doubt is

their amount or timing which they will arise. When the inventory of reserves

shall be assessed the amount and justification.



(3) the provisions referred to in paragraph 1 shall be given in the non-technical account in

the heading "III. 8. Other costs ", the use of provisions, including their

the dissolution on the basis of the findings of the inventory is expressed in Non-technical

account in the "III. 7. Other income ".



(4) provisions cannot be applied to expenses that have no relationship to the

the original debt, which cover the reserve was created. You cannot reserve

also apply to expenses that are to be reimbursed according to the specific laws of the

equity capital. The reserves must not be used to adjust the values of assets.



§ 35



The method of mutual clearing



(1) for the violation of the prohibition of mutual settlement of accounts and accounting

statements, the entity shall not be considered settlement:



and credit notes or refunds) relating to a specific cost,

revenue items and, if appropriate, relating to the accounting period, in

It was the cargo or revenue recovered,



(b)) doměrků return and income taxes, indirect taxes and fees, including

deferred taxes (section 36),



c) transactions under section 7 para. 3.



(2) the financial statements can be further zúčtovávat claims and debts to each other, with

the exception of accepted advance payments and advance payments and závdavků or závdavků,

to the same natural or legal person which have a maturity of up to

one year, and are kept in the same currencies and issued and own

bonds or other debt securities.



(3) the provisions of paragraph 1 (b). a) and b), and paragraph 2 shall not apply to

receivables and debts, expenses and income, that are related to insurance and

collateral.



(4) in the clearing does not constitute set-off under the civil

code.



section 36



The deferred tax method



(1) the calculation of deferred taxes is based on the liability method based on

a balance sheet approach. Under the liability method, deferred tax when the deferred

tax in relation to the results found in the accounts will be

applied in a later period, and therefore, the rate will be used in the calculation

income tax applicable in the period in which the tax debt or

the claim asserted. If the tax rate is not known, the

the rate applicable in the subsequent accounting period.



(2) balance sheet approach means that the undertaking referred to in paragraph 1, the method

is based on the temporary differences, which are the differences between the tax

the base of an asset or liability and its carrying amount in the balance sheet.

The tax base of an asset or liability is the value of these assets,

liabilities for tax purposes in the future.



(3) deferred tax asset or deferred tax liability is established as a

the product of the resulting difference referred to in paragraph 2 and the income tax rate, which

is laid down by Act No. 586/1992 Coll., on income taxes, as amended by

amended.



(4) an entity presents deferred tax and deferred tax always

the claim having regard to the provisions of § 25 para. 2 of the Act.



§ 37



Method of currency differences



(1) exchange rate differences arising on the valuation of the assets and liabilities referred to in

section 4, paragraph 4. 12 of the law at the time the accounting case, towards the end of

the balance sheet date or to another point in time to which the financial

statements, pursuant to section 25 of the Act methods are given in the "III. 8. Other

the cost "or" III. 7. Other income "in the non-technical account in the statement of

profit and loss account.



(2) exchange rate differences on the assets and liabilities referred to in section 4, paragraph 4. 12 of the law

when their awards at the end of the balance sheet date or to another time, to

which shall draw up the annual accounts, provided for in section 27 of Act is

not shown separately under paragraph 1, but are part of the awards

fair value or valuation by equivalents (equivalent), regardless of

on whether the valuation differences pursuant to § 29 of the above point, indicate

in the profit and loss account or balance sheet.



PART FIVE



THE CONSOLIDATED FINANCIAL STATEMENTS



TITLE I OF THE



THE PROCEDURE FOR INCLUSION OF THE BUSINESS UNITS TO THE CONSOLIDATED GROUP



§ 38



(1) consolidated pursuant to section 22(2). 6 of the Act consists of the consolidating

business unit and consolidated units.



(2) the consolidating accounting unit referred to in paragraph 1 is also

a controlling person, whose sole or main purpose is participation in

consolidated units, as well as managing and appreciation

These percentages, if these consolidated units exclusively

or mainly insurance undertakings. ^ 1a) the consolidating accounting unit by

paragraph 1 is also the controlling person exercising influence on the basis of the

the existence of a durable relationship of reinsurance under a special

legislation. ^ 1a)



(3) to the consolidated entity may not be included in the consolidated financial

units:



and that do not share) on a significant taxable, ^ 4), in particular, of the

perspective, give a true and fair view of the accounting books and

the consolidated Group's financial situation; If two or more of the listed

consolidated units their share significant ^ 4)

These business units are included in the consolidated Group, or



(b)) for which the long-term restrictions significantly hinder the consolidating accounting

Unit in the exercise of its rights in respect of disposal of the property or the control

referred to consolidated units or, exceptionally, where

without demonstrably necessary disproportionate costs or no proven

required excessive delay to obtain the information necessary for Assembly

the consolidated financial statements in accordance with this Decree, or



(c)) that the shares of consolidated units are held exclusively for the

the purpose of their sale.



(4) to the consolidated financial statements includes consolidating accounting

Unit i of the entity under a common influence and business units

associated with these accounts, if equipped.



(5) For the inclusion of the business units under the joint influence of the

consolidated accounts shall apply mutatis mutandis the provisions of paragraph

3.



(6) the entity associated with the items may not be included in the

the consolidated financial statements, where the proportion of the consolidating accounting unit

in the equity of listed entity insignificant in terms of

give a true and fair view of the subject of accounting and financial

the situation of the consolidated Group.



§ 38a



(1) consolidated does not create the consolidating accounting unit that

at the same time the person is included in the consolidated group other consolidating

the entity governed by the law of the Czech Republic or other

consolidating a person regardless of its registered office, which shall be governed by the law of the

the Member State of the European Union (hereinafter referred to as "the consolidating foreign

person "), provided that:



and the other the consolidating accounting) unit or the consolidating

a foreign person holds all the shares in the consolidating accounting

Unit; to the shares held by the members of the administrative, management and

supervisory authorities established on the basis of special legislation,

the articles of association or social contract is not taken into account, or



(b)), the other the consolidating accounting unit or the consolidating

a foreign person is holding at least 90 per cent of the shares or

the consolidating accounting unit and nesestavení consolidated

statements approved by other shareholders or members of the consolidating

the accounting unit.



(2) in accordance with paragraph 1 shall be applied, if all are true

the following terms and conditions:




and the consolidating accounting unit) and all her consolidated

the units are included in the consolidated financial statements the consolidated

a whole other consolidating accounting unit or the consolidating foreign

of the person,



(b)) the consolidated financial statements under (a)) and the consolidated

the annual report are drawn up another consolidating accounting unit or

the consolidating foreign person and are audited according to the law

State other consolidating accounting unit or the consolidating

foreign person drives



c) according to the consolidated financial statements, the consolidated písmeme and)

the annual report referred to in subparagraph (b)) and the audit report responsible for their

verification of the consolidating accounting unit shall publish pursuant to section 21a of the law; These

the accounting records are published in English and



d) annex to the financial statements of the consolidating accounting unit includes

the business name and seat of the consolidating accounting unit or other

the consolidating foreign persons that consolidated financial statements

According to subparagraph (a)), and information on the application of paragraph 1.



(3) the provisions of paragraphs 1 and 2 shall not apply to the entity whose

securities are admitted to trading on a regulated market of securities

the paper is based in a Member State of the European Union.



(4) in cases other than those referred to in paragraph 1 does not produce consolidated

the consolidating accounting unit that is at the same time the consolidated financial

the unit included in consolidated other consolidating accounting

the drive or the consolidating foreign persons, provided that they are

all of the conditions referred to in paragraph 2 are met, and at the same time the shareholders or

companions of the consolidating accounting unit owning together

at least a 10-percent stake in the joint-stock company or at least 20

percent in other types of companies have requested no later than 6 months

before the end of the accounting period of the preparation of consolidated financial statements.



(5) he shall draw up the consolidated financial statements and the consolidated

annual report for the purposes of informing the employees or their representatives

under special legislation or at the request of the administrative or

the judicial authorities for their needs, the provisions of paragraphs 1 to 4 shall

do not apply.



TITLE II



THE CONSOLIDATION METHOD



§ 39



(1) the Consolidation is done by way of direct or after consolidation

individual levels of partial units. Direct consolidation means

consolidation of all business units at once, without the use of

consolidated financial statements prepared for the sub units.



(2) consolidation after each level means that gradually

the consolidated accounts are drawn up by lower units, which then

enter into the consolidated financial statements of higher units.



(3) in drawing up consolidated accounts shall use these

methods:



and full consolidation) to be used when the inclusion of the consolidated financial

units in the consolidated accounts,



b) proportionate consolidation, which is used when the inclusion of the entity

under the joint influence of, in the consolidated accounts,



c) consolidation of equivalences (the consideration), to be used in

the business unit associated with the inclusion in the consolidated accounts.



(4) the full consolidation Method incorporates balance sheet items and profit and

the loss of accounts of consolidated units in full in

full, after their possible exclusion, reclassification and the adjustments to the

balance sheet and profit and loss account the consolidating accounting unit.



(5) the proportionate consolidation Method incorporates balance sheet items and profit

and loss of business units under the joint influence of pro rata

the corresponding share of the consolidating accounting unit in the equity

These business units after their possible exclusion, reclassification and

the adjustments to the balance sheet and profit and loss account the consolidating accounting

unit.



(6) the Method of consolidation using the equity method (consideration) means Awards

the share of the consolidating accounting unit for the business unit associated with the

the amount of the share capital, after possible reclassification and editing

the individual items of the annual accounts.



(7) for the business units that have an obligation to submit to the Assembly

the consolidated financial statements, you can change the consolidation method

only in exceptional cases. Such an amendment shall be an entity in

Notes to the financial statements on the grounds and a statement of its effect on the

assets, liabilities and financial position of the entities included in the

the consolidated financial statements.



(8) the Reclassification means such operations in the accounts of the accounting

units entering the consolidation, on the basis of which it is possible to

assign to each other in the process of consolidation of the consistent items and add them.

Editing means the operations to the convergence of the accounting methods in the framework of the

consolidation in cases where different methods would substantially

influenced the view of the valuation of assets and liabilities in the consolidated financial

statements and the reported results of operations. The exclusion means such

the operation, to ensure that the consolidated financial statements did not contain

mutual transactions that were carried out by entities in

consolidation. In particular, the mutual debts and debts, received and

paid profit sharing, gifts and other operations between the accounting

units that have a significant effect on the consolidated result

management.



(9) the provisions of paragraph 8 shall not apply to liabilities that accounting entries

the units included in the consolidation, awarded pursuant to the provisions of the ways

valuation and their use of force for the insurance companies, or for items

assets whose value changes have an effect on, among others some rights

insured or create such rights. For information about how to use this

provision shall be disclosed in the notes to the consolidated financial statements.



(10) the exclusion of profits and losses resulting from the operations, carried out between

business units, included in the consolidation, and which are part of the

book value of assets, will not execute if the operation was performed on the

regulated market and resulted in favour of the rights of the insured.

For information about how to use this provision, in particular had a significant influence

the assets and liabilities, financial position, results of operations of all

entities included in the consolidation shall be shown in annex v,

the consolidated financial statements.



TITLE III



ARRANGEMENT AND MARKING OF THE ITEMS OF CONSOLIDATED FINANCIAL STATEMENTS AND

THE DEFINITION OF THE FIELDS OF THIS ACCOUNTS



section 40



(1) consolidated financial statements comprise the balance sheet, the profit and loss account and

Annex and may include an overview of the cash flow statement and statement of changes in

the equity of the consolidated Group.



(2) consolidated financial statements are based on Information from financial statements

the consolidating accounting unit and consolidated units,

the business units under the collective influence and business units

the associated, from the consolidated financial statements of partial units and

other information that provide the entity listed under section 22b

paragraph. 1 of the consolidating accounting unit. These documents are

accounting records and store for safe-keeping of the consolidated financial

the shutter.



(3) consolidated financial statements the documents an overview about how to

the transformation of the financial statements of the business units that have an obligation to

submit to the consolidated financial statements. This overview is

the accounting record, and it is kept throughout the period of custody of the consolidated

of the financial statements.



(4) for arranging items of consolidated financial statements and their

content definition will be used to organize and display the definition of items

financial statements in accordance with § 3 (1). 2 and 3, plus the items that

resulting from the consolidation.



§ 41



Consolidated balance sheet



(1) in the consolidated balance sheet of the above assets valuation minus the

adjustments and accumulated depreciation, separately for the current financial period and the past

accounting period. The amount of the liabilities are reported for the current financial year and past

accounting period.



(2) balance sheet according to the consolidation method used by items



and) "positive consolidation difference",



(b)) "Negative consolidation difference",



(c)) "minority equity",



(d)) "Minority share capital",



e) "Minority capital funds",



f) "Minority, including funds from the profit retained earnings and unpaid

losses of previous accounting periods ",



(g)) "the minority result for the current period",



h) "securities and shares in equivalence",



I) "Consolidation reserve",



j) "share of the profit or loss in equivalence".



(2) the item "Minority profit/loss for the current period"

includes the share of the profit or loss for the accounting period, which it is for the

minority shareholders of a business corporation.



(3) the item "share of the profit or loss in equivalence" contains

the proportion of the consolidating accounting unit on the economic outcome of the current

the reporting period of the person under the significant influence of the share

the consolidating accounting unit in the capital of the person under the

significant influence from the time of the acquisition.



§ 42




Consolidated profit and loss account



(1) in the consolidated profit and loss account shall indicate the amount of the costs and

revenue separately for the current financial period and the previous accounting period.



(2) the profit and loss account, in accordance with the consolidation method used make up



and the cost of items) in the item "deferred

consolidation difference ",



(b) items of revenue) in the item "Clearing negative

consolidation difference ",



(c)) on the item "minority interests in the profit or loss" and "share of the

the profit or loss in equivalence ".



§ 43



Scope of the annex to the consolidated financial statements



(1) the consolidating accounting unit shall be indicated in the notes to the consolidated

the financial statements



and consolidation method) pursuant to § 39 para. 1 and consolidation method under section

paragraph 39. 3,



(b) the business name and seat) consolidated units included

in the consolidated entity with an indication of the proportion of capital in these

business units held by persons other than consolidating accounting

unit or persons acting in their own names but on behalf of those

the business units; further, stating the grounds on the basis of which became

the controlling entity,



(c) the business name and seat) consolidated business units

not included in the consolidated unit according to § 38 paragraph 1(a). 4, including the reasons

their non-inclusion with an indication of the proportion of capital in these

business units held by persons other than consolidating accounting

the unit,



(d)) business name and registered place of business units, which are associated with

included in the consolidated financial statements, indicating the market share of their

own capital held by the entity are included in the consolidation

or a person acting in his own name but on behalf of those accounting

units,



e) business name and registered place of business units that are not associated with

included in the consolidated financial statements in accordance with § 38 paragraph 1(a). 6, including

reason for non-inclusion,



(f) the business name and registered office) business units under the joint influence of

included in the consolidated financial statements, indicating the market share of their

capital held by the entity included in the consolidation or by persons

acting in his own name but on behalf of those business units; further

shall state the reasons on which it is carried out to a common effect,



g) business name and registered place of business units that are not listed below

(b)) to (f)), in which the consolidating accounting unit itself or

through a person acting in his own name and on behalf of the share of the

equity is less than 20%; Enter the amount of the share of the private

capital, including the total amount of the equity capital, the above result

for the last financial year the following accounting units; This

information need not be given if they are not relevant to the business unit

perspective, give a true and fair view of the accounting books and

the financial situation in the consolidated accounts; for information about customizing

capital and the profit or loss is also excluded if they are not

published and where the proportion of the consolidating accounting unit on its own

capital directly or through other entities smaller than

50%,



h) information on accounting methods and principles, of changes

valuation, accounting procedures, organize items in the consolidated

accounts and content definition items compared to the previous

accounting period, indicating the reasons for those changes; for the items referred to in

the consolidated accounts which are or were originally expressed in

foreign currency, shall be given information about how their conversion to the currency in which

the consolidated accounts were drawn up,



I) explanation of "positive consolidation difference" and "Negative

consolidation difference ", the method of their determination, and any significant changes

compared to the previous accounting period,



j) average number of employees of the consolidating unit during

the accounting period for which the consolidated accounts are drawn up,

broken down by category; separately, by specifying the average recalculated

number of employees during the financial year for accounting units under

the common influence.



(2) the consolidating accounting unit in the notes to the consolidated financial

statements also indicate, in particular:



and the amount of remuneration) paid in the reporting period in cash, as well as in

non-cash form of persons who are members of the governing body,

statutory or other managing and supervisory bodies, as well as the amount of

debt incurred or entered into in respect to former members of the

listed bodies, with an indication of the total for each category,



(b)) the amount of advances, závdavků, leases and loans, provided by persons who

as statutory bodies, members of statutory or other management and

supervisory bodies, with indications of the interest rates, main conditions and

any amounts due, the amount of all forms of collateral, under

the total for each category,



(c)), the total amount of debt, which, on the date of the consolidated financial

the accounts have a maturity of longer than five years and the total amount

secured debts, stating the nature and form of the collateral,



(d) summary of financial liabilities) that are not listed in the

the consolidated balance sheet, if these information useful for the assessment of

the financial situation; separately, shall indicate all the debts related to the

pensions and debts between the consolidating accounting unit and accounting

units not included in the consolidated financial statements,



(e)) the way the fair value of assets and liabilities, a description of the

the value model used in the valuation of securities and derivatives

at fair value, the changes in fair value including changes in the valuation of the share

using the equity method in accordance with the individual types of financial placements (investments);

If it was not a security, derivative and share fair valued or

using the equity method, an entity shall indicate the reasons for, and the possible amount of repair

items,



f) information about the insurance referred to in section 23,



(g)) the nature and business purpose of the transactions, which are not listed in the

the consolidated balance sheet, and the financial impact of these transactions if they are

the risks or benefits arising from these transactions are material and where publication of the

of such risks or benefits is necessary to assess the financial situation of the ^ 42a),



h) transactions, with the exception of transactions between entities in the

the consolidation that the consolidating accounting unit of the consolidated financial

units of the business unit under the joint influence of or the entity

associated with the related party concluded, including the amount of such

transactions, the nature of the related party relationship and other information about

These transactions, which are necessary for an understanding of the financial situation,

If these transactions are material and have not been concluded under normal market

terms and conditions. Information about individual transactions may be aggregated

According to their nature except where separate

information necessary for the understanding of the effects of related party transactions

on the financial situation; related party has the same meaning as in

international accounting standards referred to in § 23a para. 1 of the Act,



I) information pursuant to § 22 para. 2 (a). r)



TITLE IV



cancelled



§ 44



cancelled



TITLE V OF THE



cancelled



§ 45



cancelled



PART SIX



TRANSITIONAL AND FINAL PROVISIONS



§ 46



(1) the provisions of this order shall not apply to the financial statements and

the consolidated financial statements for the accounting year commenced before

effect of this Ordinance.



(2) the item "b. intangible fixed assets" and "F.I. tangible fixed

assets, other than land and buildings (real estate), and supplies "include

whether or not long-term intangible and tangible assets and technical improvement

included in these items in the awards before it becomes effective this

the Decree, until disposal of the asset.



§ 47



The effectiveness of the



This Decree shall enter into force on 1 January 2000. January 1, 2003.



Minister:



Mgr. Sobotka in r.



Č. 1



Arrangement and marking of the items of the balance sheet (balance sheet)



The ASSETS of the



A. amounts receivable for subscribed capital



B. intangible fixed assets, of which:



a) formation expenses



(b)) goodwill



C. financial placements (investments)



I. land and buildings, of which:



1. land



2. Construction



and) operational investment



II. Investments in subsidiaries and associates



1. Shares in controlled persons



2. Debt securities issued by controlled entities and the lease and loans

of these persons,



3. Shares in affiliated undertakings



4. Debt securities issued by entities in which the entity has

significant influence, and leases and loans to such persons



III. Other financial investments



1. Shares and other variable-yield securities, other interests



2. Debt securities, of which:



and) securities at fair value through profit and revenue



b) OECD bonds held to maturity



(c)) other securities held to maturity



3. Investments in investment associations



5. other leases and loans



6. Deposits with financial institutions



7. Other investments



IV. Deposits at active reinsurance




D. financial placements of life insurance, if the investment

the risk of policyholders



Debtors (accounts receivable for



and) controlled by persons and



(b)) in which the book persons unit significant influence will be listed

separately, as sub-items of items I, II. and (III).)



I. receivables arising from direct insurance operations



1. the holders of the



2. insurance intermediaries



II. receivables from reinsurance operations



III. Other receivables



(F). other assets



I. tangible fixed assets, other than assets referenced in the item "C.I.

Land and buildings ", and supplies



II. Cash on accounts with financial institutions and cash in hand



III. cancelled



IV. Other assets



G. temporary asset accounts



I. Accrued interest and rent



II. Deferred acquisition costs on insurance contracts, in which separately:



and life insurance)



(b)) in the non-life insurance



III. Other temporary asset accounts, of which: active items)



TOTAL ASSETS



LIABILITIES



A. equity



I. share capital, of which:



changes in share capital)



(b))



II. share premium



III. revaluation reserve



IV. Other capital funds



V. Reserve Fund and other funds from profit



Vi. Retained earnings from previous accounting periods or loss brought forward

previous accounting periods



VII. profit or loss for the current period



(B). subordinated debt



C. technical reserves



1. the provision for unearned premiums:



and) gross. .... X



b) reinsurers ' share (-)..........



2. reserve life insurance:



and) gross. .... X



b) reinsurers ' share (-)..........



3. the provision for outstanding claims:



and) gross. .... X



b) reinsurers ' share (-)..........



4. provision for bonuses and rebates:



and) gross. .... X



b) reinsurers ' share (-)..........



5. the Equalization reserve



6. other technical provisions:



and) gross. .... X



b) reinsurers ' share (-)..........



7. provision for the fulfilment of the obligations from the used technical interest rate and

other quantitative parameters



and) gross. .... X



b) reinsurers ' share (-)..........



8. non-life insurance provision



and) gross. .... X



b) reinsurers ' share (-)..........



9. provision for the obligations of the Office



and) gross. .... X



b) reinsurers ' share (-).. ...



D. Technical provision for life insurance, if the investment

the risk of policyholders



and) gross. .... X

b) reinsurers ' share (-)..........



E. Reserves



1. the provision for pensions and similar obligations



2. Provision for taxes



3. other provisions



F. Deposits if passive hedging



G. Creditors (liabilities to



and controlled parties and)



(b)), in which persons the entity has a significant influence will be listed

separately, as sub-items of the items below.)



I. Liabilities from direct insurance operations



II. Liabilities from reinsurance operations



III. Liabilities from debt securities, of which:



a) convertible bonds (convertible)



IV. Liabilities to financial institutions



V. other Payables, of which:



and) tax liabilities and Payables to social security



VI. the guarantee fund Office



VII. Insurance claims



H. temporary liability accounts



I. accrued expenses and deferred income



II. other temporary liability accounts, of which:



passive accruals)



TOTAL LIABILITIES



Č. 2



Arrangement and marking of the items of the profit and loss account



Technical account for non-life insurance



1. earned premiums, net of reinsurance:

and) gross premiums written.. ... X X

(b)) insurance premiums ceded

reinsurers (-).......... X

(c) the change in the gross amount)

provision for unearned

insurance premiums (+/-).. ... X X

(d)) change in the provision on the

unearned premiums,

reinsurers ' share (+/)...............



2. income from financial

the location of investment from

Non-technical account

(item (III).) X X .....



3. Other technical income,

net of reinsurance X X. ....



4. the costs of claims incurred, net of reinsurance:

and insurance claims costs):

AA) gross. .... X X

BB) reinsurers ' share (-)...............

(b)) change in the provision for outstanding claims:

AA) gross. .... X X

BB) reinsurers ' share (-)...............



5. Change in other

technical provisions, net

of reinsurance (+/-) X X. ....



6. bonuses and rebates, net of

ensure X X. ....



7. Net operating expenses:

and) acquisition costs

the insurance contract X. .... X

(b)) change in time

acquisition

costs (+/-) X. .... X



(c)), the administrative overhead of X. .... X



d Commission from reinsurers)

and shares in profit (-) X..........



8. other technical costs,

net of reinsurance X X. ....



9. change the Equalization

reserve (+/-) X X. ....



10. Sub-total

(result) Technical account

for non-life insurance

(item III 1.) X X .....



II. the technical account for life insurance



1. earned premiums, net of reinsurance:

and) gross premiums written X..........

(b)) insurance premiums ceded

reinsurers (-) X. .... X

(c)) change in the provision on the

unearned premiums,



net of reinsurance (+/-) X..........



2. Income from financial placements (investments):

and income from shares) Special

putting those

from the controlled people........ X ..... X

b) income from other financial

the location of investment,

a special indication of

that come from the controlled

people......, in it: X X X



AA) income from land and

buildings.. ... X X



BB) income from other

investment.......... X

(c) the value of the financial changes)

the location of investment.......... X

(d) the proceeds of realization)

financial placements

(investments) X ..... .....



3. the gains in value

investment X X. ....



4. Other technical income,

net of reinsurance X X. ....



5. the costs of claims incurred, net of reinsurance:

and insurance claims costs):

AA) gross. .... X X

BB) reinsurers ' share (-).......... X

(b)) change in the provision for outstanding claims:

AA) gross. .... X X

BB) reinsurers ' share (-)...............



6. Change in other technical provisions, net of reinsurance

(+/-):

and) reserves in life insurance:

AA) gross. .... X X

BB) reinsurers ' share (-).......... X

(b)) other technical provisions



net of reinsurance X..........



7. bonuses and rebates, net of

ensure X X. ....



8. Net operating expenses:

and) acquisition costs

the insurance contract X. .... X



(b)) change in time

differentiated

deferred acquisition costs (+/-) X. .... X

(c)), the administrative overhead of X. .... X

d Commission from reinsurers)

and shares in profit (-) X..........



9. the costs of financial placements (investments):

and financial management costs)

the location of investment, including

interest X. .... X

(b)) change in the value of the financial

investments X. .... X

(c) the costs associated with the implementation of)

financial placements

(investments) X ..... .....



10. Decreases the values of the financial

the location of investment X X. ....



11. other technical costs,

net of reinsurance X X. ....



12. transfer of income from financial

the location of investment on

The non-technical account (item

III.4.) X X .....



13. Sub-total (result)

Technical account for life

insurance (item (III).) X X .....



III. The non-technical account



1. the balance of the technical account

for non-life insurance

(item I of 10.) X X .....



2. the balance of the technical account

for life insurance

(item (II). 13.) X X .....



3. income from financial placements (investments):

and income from shares) Special

putting those

from the controlled people...... X ..... X

b) income from other

financial placements

(investments), with a special

indication of that

they come from the controlled

people....., in it: X X X

AB) income from land and

buildings.. ... X X

BB) income from other

investment.......... X

(c) the value of the financial changes)

investments X. .... X

(d) the proceeds of realization)

financial placements

(investments) X ..... .....



4. income of the financial

the location of investment from

Technical account for life

insurance business (item II (12).) X ..... X




5. the costs of financial placements (investments):

and financial management costs)

the location of investment, including

interest X. .... X

(b) the value of the financial changes)

investments X. .... X

(c) the costs associated with the implementation of)

financial placements (investments) X..........



6. transfer of income from financial

the location of investment on

The technical account for non-life

insurance (item i.2.) X X .....



7. other income X X. ....



8. other expenses X X. ....



9. Income tax on ordinary activities X X. ....



10. profit or loss from ordinary

activities after taxes X X. ....



11. extraordinary costs X X. ....



12. extraordinary income X X. ....



13. Extraordinary profit or loss X X. ....



14. Income tax on extraordinary

activities X X. ....



15. other taxes not included in

the preceding items X X. ....



16. profit or loss for the financial

the period X X. ....



Č. 3



Indicative chart of accounts for insurance companies



Account coding No. 1-financial placements (investments)



Posting groups:



Land and buildings



Investments in subsidiaries and associates



Other financial investments



Deposits at active reinsurance



Investments in life insurance, if the investment

the risk of policyholders



Account coding No. 2-Assets



Posting groups:



Intangible fixed assets



Tangible fixed assets



Asset acquisition



Cash on accounts with financial institutions, and



cash in hand, other financial assets



Other assets



Account coding No. 3-accounts receivable, accounts payable and transitional accounts



Posting groups:



Receivables from direct insurance operations and of operations, ensuring



Other accounts receivable



Liabilities from direct insurance operations and of operations, ensuring



Employees, reckoning with the social security institutions and

health insurance



Other liabilities



Clearing of taxes and subsidies



Temporary accounts of assets and liabilities



Account coding No. 4-capital Accounts and long-term liabilities



Posting groups:



Share capital and capital reserves



Funds from profit and economic result of past accounting periods



Insurance damage



The economic result



Technical provisions



Other provisions



Deposits if passive hedging



Long-term liabilities



Financing liability insurance (Guarantee Fund Office)



Account coding No. 5-the cost



Posting groups:



The technical account for non-life insurance



Life-assurance technical account



Non-technical account



Intercompany transfers of insurance companies



Account coding No. 6-revenue



Posting groups:



The technical account for non-life insurance



Life-assurance technical account



Non-technical account



Intercompany transfers of insurance companies



Account coding No. 7-closing accounts and off-balance sheet accounts



Posting groups:



Accounts rozvažné



Profit and loss account



Off-balance sheet accounts



Account coding No. 8 and 9-the intercompany accounts of insurance undertakings



Č. 4



cancelled



Selected provisions of the novel



Article II of the Decree No 474/2003 Coll.



Transitional provisions



1. unless otherwise provided for in point 2, the provisions of this Ordinance,

do not apply to the financial statements and the consolidated financial statements prepared

for the accounting period commenced before the effective date of this order.



2. The provisions of article. I, points 24, 66-69, 71, 74 to 80 and 97 can book

the units to use when compiling the financial statements for the accounting period

started in 2003.



3. depreciation financial placements (investments) made to 31.

in December 2003, the effective date of this Ordinance does not continue. So far

accumulated depreciation-settled with the appropriate item of the financial position

(investment), without affecting profit or loss of the accounting unit.



Article II of Decree No. 399/2005 Sb.



Transitional provisions



1. The provisions of article. And section 5 of this order shall apply the accounting unit for the first time

for the preparation of the financial statements for the accounting period, begun in 2005.



2. The provisions of article. I, points 10 to 14 shall apply the accounting unit for the first time

consolidated financial statements for the accounting year commenced 1.

January 2005 and later.



3. the provisions of paragraph 2 shall not apply to the consolidated accounts no longer

built before the entry into force of this Decree.



Article. (II) Decree No. 351/2007 Sb.



Transitional provisions



1. the provisions of this order shall be used for the first time in the business unit accounting

periods beginning 1. January 2008 and later, if it is not in point 2

unless otherwise provided for.



2. The provisions of article. I, point 25 and article. I, point 29 (a) within the scope of section 43. about)

apply the accounting unit for the financial statements and the consolidated financial

statements drawn up to 29. June 2008 and later.



Article. (II) Decree No 411/2009 Sb.



Transitional provisions



(1) the provisions of this order shall be used for the accounting period started 1.

January 2009 and later.



(2) in the valuation of fair value on bonds held to maturity,

that meet the criteria of section 27 para. 1 c) of the Act, taken to date

the effectiveness of law no 230/2009 Coll., does not continue. Appreciation differences of these

bonds incurred before the effective date of the law no 230/2009 Sb.

Once settled with the appropriate item of the financial position.



Article. (II) Decree No 421/2010 Sb.



Transitional provisions



1. the provisions of Decree No. 501/2002 Coll., in the version in force from the date of acquisition

the effectiveness of this Ordinance, shall apply for the first time in the financial year,

began in 2011 or later, unless otherwise provided for in point 2.



2. the provisions of section 2 (2). 2 and sections 38 to 40, 42 and 43 of Decree No. 502/2002

Coll., in the version in force from the date of entry into force of this order, for the first time

be used for the preparation of consolidated financial statements for the accounting period,

that began in the year 2010 or later.



Article. (II) Decree No 469/Sb.



Transitional provisions



1. the provisions of Decree No. 501/2002 Coll., in the version in force from the date of acquisition

the effectiveness of this Ordinance, shall apply for the first time, starting in the accounting period

1 January 2014 and later, unless otherwise specified in the following point otherwise.



2. An entity that showed long-term intangible and tangible

assets and deposits in the items set out in § 9 para. 2, § 10 para. 2 and

§ 12 para. 2 Regulation No. 502/2002 Coll., in the version in force before the date of application

the effectiveness of this Ordinance, has such property until its disposal

According to § 9 para. 2, § 10 para. 2 and § 12 para. 2 Regulation No. 502/2002

Coll., in the version in force until the date of entry into force of this Decree.



Article. (II) Decree No. 252/2015 Sb.



paid



1) of the Council directive of 19 December. December 1991 on the annual accounts

accounts and consolidated accounts of insurance undertakings (91/674/EEC).



European Parliament and Council Directive 2003/51/EC of 18 June 2003. June

2003 amending Directive 78/660/EEC, 83/349/EEC, 86/635/EEC and

91/674/EEC on the annual accounts and consolidated

accounts of certain types of companies, banks and other financial

institutions and insurance companies.



European Parliament and Council Directive 2006/46/EC of 14 July 1999. June

2006 amending Council Directives 78/660/EEC on the annual accounts of

accounts of certain types of companies, 83/349/EEC on consolidated

accounts, 86/635/EEC on the annual accounts and

consolidated accounts of banks and other financial

institutions and 91/674/EEC on the annual accounts and consolidated

accounts of insurance companies.



1A) Act No. 363/1999 Coll., on insurance and amending certain

related acts (the Insurance Act), as amended by Act No.

159/2000 Coll., Act No. 316/2001 Coll., Act No. 12/2002 Coll. and Act No.

126/2002 Sb.



2) Act No. 58/1995 Coll., on insuring and financing export with State

support and supplement of Act No. 166/1993 Coll. on the Supreme Audit

the Office, as amended by law No 60/1998 Coll., Act No. 188/1999 Coll. and act

No 282/2002 Sb.



3) section 18 of the Act No. 168/1999 Coll., on liability insurance

caused by operation of the vehicle and amending certain related laws

(law on the liability insurance of the vehicle), as amended by Act No.

307/1999 Coll. and Act No. 56/2001 Coll.



3A), for example, Act No. 586/1992 Coll., on income taxes, as amended by

amended.



4) § 19 para. 6 of Act No. 563/1991 Coll., on accounting, as amended by law

No 353/2001 Sb.



5) section 2 of the Act No. 563/1991 Coll., as amended by Act No. 353/2001 Sb.



6) § 19 para. 7 of Act No. 563/1991 Coll., as amended by Act No. 353/2001 Sb.



7) part B of the annex to the Insurance Act.



8) part A of the annex to the Insurance Act.



9) § 1879 of the civil code.



2820) § 10 of the civil code.



11) § 14 of the Act on the liability insurance of the vehicle.



12) § 18 para. 5 of the Act on the liability insurance of the vehicle.



13) § 18 para. 2 (a). and) and c) to (g)) of the law on liability insurance

operation of the vehicle.



14) section 24 of the Act on liability insurance from the operation of the vehicle.



15) section 29 of the Act on the liability insurance of the vehicle.




15A) § 24 para. 2 (a). (b)) or § 24 para. 8 of the Act No. 168/1999 Coll., on

the text of the amended rules.



19) § 2 (b). (e)) of the law on the insurance industry.



21) § 31 of the law on commercial corporations.



21) § 31 of the law on commercial corporations.



23) § 2 (2). 1 of law no 530/1990 Coll. on bonds, as amended by

amended.



24) § 12 para. 6 of law no 530/1990 Coll., as amended.



27) § 21 para. 1 (b). the Insurance Act).



28) § 21 para. 1 (b). m) of the law on the insurance industry.



29) § 21 para. 1 (b). r) law on the insurance industry.



29A) § 3 (b). (g)) of Act No. 37/2004 Coll., on insurance contracts and amending

related laws (law on insurance contracts).



30) Law No. 38/2004 Coll., on insurance intermediaries and

separate likvidátorech of claims and about the change of trade

law (law on insurance intermediaries and likvidátorech

insurance claims), as amended.



30A) § 2 (2). 1 (b). HH) of Act No. 363/1999 Coll., on insurance, and about

changes to some related laws (Act on insurance), as amended by

Law No 39/2004 Sb.



32) § paragraph 498. 2 of the civil code.



33) Law No 191/1950 Coll., bills and cheques Act, as amended by Act No.

29/2000 Sb.



35) § 13 para. 1 of the law on insurance.



36) § 248 of the Act on commercial corporations.



36A) § 2 (2). 1 (b). (g)) of the law on the insurance industry.



37) § 14 of the law on insurance



37A) § 18a of the law on the insurance industry.



37B) § 15a of Act No. 363/1999 Coll., as amended by Act No. 377/2005 Sb.



38) § 13 para. 4 of the law on insurance.



39) section 19 of the law on the insurance industry.



40) § 18 para. 6 of the Act on the liability insurance of the vehicle.



41) § 18 para. 5 of the Act on the liability insurance of the vehicle.



41A) § 2819 of the civil code.



42A) § 21 para. 3 of the Act on accounting.



43) § 21 para. 1 (b). h) Act No. 563/1991 Coll., as amended by Act No.

353/2001 Sb.



44) section 27 of Act No. 563/1991 Coll., as amended by Act No. 353/2001 Sb.



46) for example, Act No. 593/1992 Coll., on reserves for the findings of the base

income taxes, as amended.



48) § 22 para. 2 of the Act No. 563/1991 Coll., as amended.



51) § 1 (b). a) of Act No. 219/1995 Coll. foreign exchange law.



52) Act No. 168/1999 Coll., on liability insurance for damage caused by

the operation of the vehicle and amending certain related laws (the law on the

liability insurance of the vehicle), as amended by Act No. 160/2013

Coll., amending Act No. 168/1999 Coll., on liability insurance

damage caused by operation of the vehicle and amending certain related

laws (the law on the liability insurance of the vehicle), as amended by

amended, law no 240/2000 Coll., on Fire Rescue

the Corps of the Czech Republic and amending certain laws, as amended

regulations, and Act No. 586/1992 Coll., on income taxes, as amended by

amended.



53) § 496 paragraph. 2 of the civil code.



54) for example. § paragraph 498. 1 of the civil code.



55) § 2764 para. 2 of the civil code.