474/2003 Coll.
DECREE
of 17 May. December 2003,
amending Decree No 502/2002 Coll., which implements certain
the provisions of Act No. 563/1991 Coll., on accounting, as amended
regulations for the business units that are insurance companies
The Ministry of Finance shall determine under section 37b to implement section 4, paragraph 4. 8, § 24
paragraph. 4 and 5 and § 28 para. 1 of Act No. 563/1991 Coll., on accounting, in the
amended by Act No. 441/2003 Coll. (hereinafter the "Act"):
Article. (I)
Decree No 501/2002 Coll., which implements certain provisions of the Act
No. 563/1991 Coll., on accounting, as amended, for the accounting
units which are insurance companies, shall be amended as follows:
1. in article 2, the current text shall become paragraph 1 and the following
paragraph 2, which including the footnote 3a):
"(2) this Ordinance shall not apply to the entity in accordance with § 19 para. 9
and Section 23a of the Act, unless a special law ^ 3a) provides otherwise.
3A), for example, Act No. 586/1992 Coll., on income taxes, as amended by
amended. ".
2. In the title of part two, the words "(§ 18 para. 4 of the Act) "are deleted.
3. the title of title I, after the word "Range", the words "and the way
compiling ".
4. In section 4, paragraph 4. 1, after the word "arrangement", the words "and
labelling ".
5. In section 4, paragraph 4. 5, the first sentence shall be inserted after the phrase "Information for past
the financial period shall be indicated in the net. ".
6. in § 5 para. 3, after the words "for the items", the words "" F. "
with regard to the tangible fixed assets, and ".
7. in § 5 para. 3, the words "in accordance with the nature of the assets placed in it"
shall be replaced by the word "their".
8. in § 5 para. 3 (b). (b)) after the word "otherwise" words "(§ 32
paragraph. 2 and § 33 para. 7) ".
9. in § 5 para. 3, the final part of the text is inserted after the first sentence of "Movement
assets in these items is given in awards, in which they were captured in
the balance sheet (balance sheet) at the beginning of the accounting period. ".
10. In § 8 para. 7, the words "paid contributions of insurers"
replaced by the words "prescribed contributions of insurers for payment
transactions referred to in § 24 para. 2 and § 29 para. 1 of the law on insurance
liability in respect of the operation of a vehicle ".
11. In § 8 para. 8 at the end of the following sentence "the use of the guarantee fund
that applies to the transaction referred to in section 24 para. 2 and § 29 para. 1 of the law on
liability insurance of the vehicle, shall be equal to the amount of creation
relevant technical provisions on the same future liabilities. "
12. In section 8 paragraph 1. 9, after the words "frontier insurance," the words
"the cost of implementation is provided by the guarantee fund in accordance with § 24
paragraph. 2 and § 29 para. 1 of the law on liability insurance
the vehicle and the cost of the financial investments, ".
13. in § 8 para. 9 at the end of the phrase "shall be added at the Cost of performance
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
Non-technical account. ".
14. in § 8 para. 10, after the words "of frontier insurance," the words
"revenue from contributions from insurers for payment transactions under section 24
paragraph. 2 and § 29 para. 1 of the law on liability insurance
vehicle and income from financial placements ".
15. In § 8 para. 10 is added at the end of the sentence "the proceeds of the contribution
insurers for payment transactions in accordance with § 24 para. 2 and § 29 para.
1 the Act on the liability insurance of the vehicle shall be provided in
under "i. 3. Other technical income, net of reinsurance "in
Technical account for non-life insurance. Income from investments
shall be indicated under the heading "III. 3. Income from financial placements (investments) "in the
Non-technical account. ".
16. In section 8 shall be inserted after paragraph 10, a new paragraph 11, which read:
"(11) the definition of the technical reserves For the content generated by Offices
in accordance with special laws, předpisů1), (3)) shall apply mutatis mutandis the corresponding
the provisions of title II, of title III, and title IV. ".
The present paragraph 11 shall become paragraph 12.
17. in § 9 para. 2 the last sentence reads: "For the purposes of this Ordinance be deemed to
intangible fixed assets goodwill is considered, which contains positive
or a negative difference between the acquisition cost and the fair value at purchase
the acquired assets and liabilities at the time of their acquisition. ".
18. in § 9 para. 2, the last sentence added the sentence "Goodwill is stated
only when the conversion of the accounting unit or part thereof. Transfer of the financial
drive means, in particular the transfer of portfolio under a special
legislation. 1) ".
19. in section 10, paragraph 1. 3, the word "bonds" shall be replaced by the words "debt
papers ".
20. in section 10, paragraph 1. 7 at the end of the following sentence "in item URC.III. 1. lists
Re-insurer and variable-yield securities which are depozitem
in active reinsurance. ".
21. in section 10, paragraph 1. 8, the words "the bonds and other securities with a fixed
the proceeds "shall be replaced by the words" debt securities ".
22. in section 10, paragraph 1. 8 (a). and), the word "bonds" shall be deleted and the word
"issued" shall be inserted the word "their".
23. in section 10, paragraph 1. 8 (a). and), the word "bonds" shall be replaced by
"Debt securities" and after the words "custom dluhopisy24)"
the words "or other private debt securities".
24. in section 10, paragraph 1. 8, the final part of the text added the sentence "Valuable
papers in the URC.III. 2. is divided into securities, which are held
for the purpose of trading or available for sale and securities held-to-
maturity. In the URC.III. 2. lists the re-insurer and debt
papers that are depozitem in active reinsurance. In the URC.III. 2.
further state debt securities from items C. II. 2. or (C). II. 4.,
only if they are held for trading or available for sale. ".
25. in paragraph 12 of section 10 including the footnotes # 28) and no. 29):
(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 under special legislation. ^ 28) lists are here
also positive or negative fair value of derivatives. ^ 29) not applicable here
value of underlying instruments; This value is stated in the notes to the financial
statements. Unless stated otherwise, if operation with derivatives or other
operations with securities are not in contradiction with specific legal
regulations on the insurance industry, a business unit of the marketing of derivatives and
securities shall apply mutatis mutandis, the relevant provisions of Decree No.
501/2002 Coll., which implements certain provisions of Act No. 563/1991
Coll., on accounting, as amended, for the accounting unit,
banks and other financial institutions.
28) § 21 para. 1 (b). m) of the law on the insurance industry.
29) § 21 para. 1 (b). r) law on the insurance industry. ".
26. in section 10, paragraph 1. 13 (a). (c)), the words "the bonds and other securities
fixed income "shall be replaced by the words" debt securities ".
27. in section 10, the following paragraph 3 is added:
(15) financial investments (investments), where applicable,
include accrued accessories. ".
28. in section 11 (1) 4, the first sentence, including footnote # 31)
repealed.
29. in § 12 para. 1 at the end of the following sentence "does not include a specific
assets accrued accessories, it is stated in the item "G.I. accrued interest
and rent ".".
30. in § 12 para. 3 in the item, the words "in the financial
institutions "shall be replaced by the words" with financial institutions ".
31. In article 12, paragraph 4, including footnote # 34) repealed.
The present paragraph 5 shall become paragraph 4.
32. In § 13 para. 1 at the end of the following sentence "there are no
the amounts accrued under section 10(4) of the accessories. 15. ".
33. In § 13 para. 2, the second sentence shall be deleted.
34. In § 13 para. 4, the words "or" G.I. Accrued interest and rent ""
replaced by the words "or" G. II. Deferred acquisition costs
the Treaty ' ".
35. In section 14 is at the end of paragraph 2 the following sentence including notes below
line no. 35a) "in subheading b) are given their own shares or own
interim certificates, own shares. ^ 35a)
for example, 35A) § 120, 161d and 161f commercial code. ".
36. In § 14 para. 6, the words "reserve for own shares and" are deleted.
37. In article 16(1). 7 items in the designation, the words "technical provisions"
replaced by the words "reserve".
38. In article 16(1). 8 in the final part of the text is supplemented with the phrase "Deposit
If passive collateral to include accrued accessories. ".
39. In § 17 paragraph 2. 3 the words "E 2. The provision for income tax "shall be replaced by
the words "E 2. Provision for taxes ".
40. in section 18 para. 4, the word "bonds" shall be replaced by the words "debt
securities ".
41. In article 18, paragraph 5 shall be deleted.
Paragraphs 6 to 8 shall be renumbered as paragraphs 5 to 7.
42. In section 18 para. 5 at the end of the phrase "shall be added here are no
the amounts accrued under section 10(4) of the accessories. 15 or section 15 para. 8.
It does not cover specific liabilities accrued accessories, it is stated in the
the "H.I. accrued expenses and deferred income".
43. In section 18 para. 6, the second and third sentence shall be deleted.
44. In § 19 para. 3 the words "perhaps the insurance reserves"
replaced by the words "reserve for unearned premiums".
45. In section 19 para. 5 (b). (b)), the word "non-refundable" shall be replaced by
"the return".
46. In § 19 para. 7, the word "II. 8." shall be replaced by the "II. 8. a)" and
the first sentence, the following sentence "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. ".
47. In section 19 para. 7, the last sentence is: "the acquisition costs include both
direct costs, in particular the acquisition commissions or establishment costs
the file, so the indirect costs, especially the cost of advertising or overhead
the costs of negotiating and concluding insurance contracts insurance. ".
48. In § 19 para. 8 in the last sentence after the words "tangible fixed
assets, "the words" which is not financial positioning (investments)
According to section 10, ".
49. In section 19 para. 9, after the word "Income" is inserted after the word "of" and the words
"The costs of financial placements" are replaced by the words "financial costs
the location ".
50. in § 19 para. 9, the following shall be added in the final part of the text of the sentence "in this
the item shall be indicated also interest income and expense. For their content
shall apply mutatis mutandis the provisions of § 44 para. 3 and 4 of the Decree No.
501/2002 Coll., which implements certain provisions of Act No. 563/1991
Coll., on accounting, as amended, for the accounting unit,
banks and other financial institutions. ".
51. In section 19 para. 10 (a). and), after the words "non-life insurance"
the words "(item i.2.)".
52. In section 20 (2). 1, the second sentence shall be deleted.
53. In section 20 (2). 2, the second sentence shall be deleted.
54. In section 20 (2). 3 (b). and), after the words "items (C) and (D) assets."
the words "and depreciation".
55. In section 20 (2). 3 (b). (c)), the word "reserve" shall be replaced by
"Reserves".
56. In section 20 (2). 5 (b). (c)), the word "reserve" shall be replaced by
"Reserves".
57. In paragraph 22 of the paragraph. 1 (b). (d)), the words "F (IV). Other assets "are replaced by
the words "F (IV). Other assets ".
58. In paragraph 22 of the paragraph. 1 at the end of paragraph 1, the period is replaced by a comma and
the following point l) is added:
"l) on the share of reinsurers in the item" other technical expenses "
or "other technical income". ".
59. In paragraph 22 of the paragraph. 2 (a). (b)), for the words "50% of its capital"
shall be replaced by "decisive influence on its capital".
60. in paragraph 22 of the paragraph. 3, the word "bonds" shall be replaced by the words "debt
securities ".
61. In paragraph 22 of the paragraph. 4, the figure "1" is replaced by the figure "2".
62. In section 22, the following paragraph 6 is added:
"(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
in other financial institutions. ".
63. In the second, the head of the fourth chapter five shall be inserted, which including
Title:
"HEAD IN THE
STATEMENT OF CHANGES IN EQUITY
§ 23a
Statement of changes in equity includes in particular an increase or
the reduction in net assets during the accounting period according to the valuation principles
used in the financial statements, the differences from changes in accounting methods, accounting
cases relating to relations with the partners, payment of a dividend or
other shares on profit. ".
64. In the title of part four of the words "§ 4 paragraph 2. 2 "shall be replaced by ' paragraph 4
paragraph. 8 and § 24 para. 4 and 5 and § 28 para. 1. "
65. In sections 25 and 26, the heading "(§ 4 para. 2 and section 27 para. 4 of the law) "
repealed.
66. In § 25 para. 2, the words "referred to in paragraph 1" shall be replaced by
"referred to in paragraph 1".
67. In section 26 para. 2, the words "at the end of the balance sheet date or to another
the time to which the financial statements are drawn up, "shall be replaced by" to the
the time of the presentation of financial statements ".
68. In section 26 para. 3, in the introductory part of the text is inserted after the phrase "if it is not
objectively possible to determine the market value of the share, the awards
using the equity method (consideration) ".
69. In section 26 para. 3 the second sentence, the words "for which it awards
using the equity method (consideration), "be deleted.
70. In paragraph 27, the title "(§ 4 para. 2 and section 27 para. 4 of the Act) "is deleted.
71. In section 27 para. 3 the words "to the end of the balance sheet date or to another
the time to which the financial statements are drawn up, "shall be replaced by" to the
the time of the presentation of financial statements ".
72. In paragraph 28, the title "(§ 4 para. 2 and section 27 para. 4 of the Act) "is deleted.
73. In paragraph 29, the title "(§ 4 para. 2 and section 27 para. 4 of the Act) "is deleted.
74. In section 29 para. 4, after the words "securities", the words "and
other financial placements (investments). "
75. In section 29 para. 5, the phrase "to the items of the profit and loss account according
paragraph 2 shall be transferred at the time of the award pursuant to § 27 para. 2 of this
Ordinance. "is replaced by the phrase" 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. The same happens for objects and works of art
cultural values under a special legal regulation, 28)
be given in the item "URC.III. 7. Other financial investments ".
76. In section 29 paragraph 6 is added:
"(6) the revaluation reserve pursuant to paragraph 1 for 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 předpisu28), 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. ".
77. In section 29, paragraph 7 is added:
"(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. ".
78. In section 29 para. 8 (a). (b)) and in section 29 para. 8 (a). (c)), the words "Other
technical provisions "shall be replaced by" other investments ".
79. In section 29 para. 8 (a). (c)), after the words "the same word
"accounting".
80. in section 29 para. 9 at the end of the following sentence "to the items of the income statement
losses in the non-technical account labeled "III. 3 c)" or "III. 5 (b))"
converted at the time of the decision of the Court on the application for registration
the conversion in the commercial register. ".
81. In paragraph 31, the title "(§ 4 para. 2 and § 25 para. 4 of the Act) "is deleted.
82. In § 31 para. 1, after the words "file asset", the words "or
the costing method in the acquisition of more than one ingredient of the asset transfer or
the transition ".
83. In paragraph 32, the words "in the title of § 4 paragraph 1 (K. 2 of the Act) "are deleted.
84. In article 32, paragraph 5, including footnote No 46) is repealed.
85. In paragraph 33, the words "in the title of § 4 paragraph 1 (K. 2 and § 28 para. 1 of the law) "
shall be deleted.
86. In § 33 para. 1 the words "buildings that are real estate and
shall be shown in the item headed "financial placements (investments)" assets "
shall be deleted.
87. In § 33 para. 5, the words "2 and 3 ' shall be replaced by" 3 and 4 ".
88. In article 33, paragraph 6, including footnote No 47) repealed.
Paragraphs 7 and 8 shall be renumbered as paragraphs 6 and 7.
89. In § 33 paragraph 7 is added:
"(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 ".".
90. in paragraph 34 the words "is in the title of § 4 paragraph 1 (K. 2 of the Act) "are deleted.
91. In paragraph 35, the words "in the title of § 4 paragraph 1 (K. 2 and § 7 (2). 6 of the Act) "
shall be deleted.
92. In § 35 para. 1, in the introductory part of the text after the word "violation" is inserted
the word "prohibition".
93. In § 35 para. 2, after the words "own bonds", the words "or
other debt securities ".
94. Under section 37 is in the title the words "(§ 4 para. 2 of the Act) "are deleted.
95. In article 37, paragraph 3 shall be deleted.
96. In the heading of part five, the words "§ 22 para. 3, § 23 para. 2 "
replaced by the words "§ 4 paragraph 2. 8. "
97. In § 38 paragraph 1(a). 3, after the words "other the consolidating accounting unit"
the words "or the consolidating foreign persons".
98. In section 40 para. 3, the word "written" shall be replaced by the word "accounting".
99. In paragraph 5 of section 40 including the footnotes No. 49) and no. 50)
repealed.
100. In paragraph 43 (a). I), the words "financial assets" shall be replaced by
"financial investments" and the words "and the way they are posted;
If it was not a security, share and derivative fair valued or
using the equity method, an entity shall indicate the reasons for, and the possible amount of repair
the entry "shall be deleted.
101. In paragraph 43, at the end of the letter k) dot is replaced by a comma and the following
the letter l) is added:
"l) information about insurance pursuant to section 23 in the consolidation unit.".
102. In the title of title V, the term "insurance" shall be replaced by
"insurance business".
103. in annex No. 1 of the "assets" in item (C). II. 2. the word
"Bonds" shall be replaced by the words "debt securities".
104. in annex No. 1 of the "assets" in item (C). II. 4. the word
"Bonds" shall be replaced by the words "debt securities".
105. in annex No. 1 of the "assets" in item URC.III. 2. the words
"Bonds and other fixed-income securities" are replaced by the words
"Debt securities".
106. in annex No. 1 of the "assets", the entry "URF.III. Own shares
or its own interim certificates, its own shares (with an indication of their
nominal value or, in the absence of this value, their
book value) "is deleted.
107. in annex No. 1 of the "assets" under asset item G.I., ' annuities
(pensions) ' shall be replaced by the word "rent".
108. in annex No. 1 under "liabilities" in the A.I. is added
subheading (b)), which read as follows:
"(b)) of its own shares or interim certificates, own your own business shares
(with an indication of their nominal value or, in the absence of this value, with
their accounting par value) ".
109. in annex No. 2 of the "technical account for non-life insurance"
item (I). 5. the word "amendments" is replaced by "change".
110. in annex No. 2 of the "II. Life-assurance technical account "
item (II). 1 c), the words "reinsurers ' share ' is replaced by
"net of reinsurance".
111. in annex No. 2 of the "II. Life-assurance technical account "
item (II). 2. the word "ab) ' is replaced by ' (aa))" and the word
"real estate" is inserted into the brackets.
112. in annex No. 2 of the "II. Life-assurance technical account "
item II. 6. b), the word "in order to ensure" shall be replaced by "ensure".
113. in annex 3, in the table portion of the text beginning with the words "Balance
to 1. 1.200Z "and ending with the words" balance 31. 12.200Z "is deleted.
Article II
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. (III)
The effectiveness of the
This Decree shall enter into force on 1 January 2000. January 2004, with the exception of the provisions
article. I, point 1, which shall apply for the first time in the accounting period closest to the
following the financial year in which it entered the accession treaty
The Czech Republic to the European Union enters into force.
Minister:
Mgr. Sobotka in r.