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The Annual Accounts And Consolidated Annual Accounts For The Application Of The Law

Original Language Title: Gada pārskatu un konsolidēto gada pārskatu likuma piemērošanas noteikumi

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Cabinet of Ministers Regulations No. 775 in 2015 (on 22 December. No. 68 36) the annual accounts and consolidated annual accounts for the application of the law Issued in accordance with the annual accounts and consolidated annual accounts Act, article 15 of the first and the second part 1. General questions 1. determines: 1.1. procedures for assessment and financial report indicates the received State, local, foreign, European Union, other international organisations and institutions, financial aid (financial assistance), donations and donations in cash or in kind; 1.2. the procedure indicated in the financial statement of the events after the balance sheet date, the accounting policies, changes in accounting estimates and corrections of errors;
1.3. the order in which records and estimates the revenue from the sale of goods and supply of services, as well as the transfer of public assets in the use of other people, gaining interest, royalties and dividend revenues; 1.4. the fixed asset accounting and valuation methods and procedures in the financial statements indicates costs associated with them, and the change in value; 1.5. work or food-producing animal or plant accounting and valuation methods and procedures in the financial statements indicates costs associated with them, and the change in value; 1.6. the savings, accounts receivable, accrued revenue, accrued liabilities, contingent liabilities and contingent assets the assessment conditions and methods; 1.7. procedures for the company which is the operator of works or other long-term contract performer, record and evaluate the works contract or other long-term contract revenue and related expenses; 1.8. research and development activities and society create the intangible investment conditions inappropriate classification disembodied case identification of the financial statements, citing specific examples; 1.9. inventory accounting and valuation methods and procedures in the financial statements indicates costs associated with them, and the change in value; 1.10. the procedures for assessment and financial report indicates the financial lease and operating lease transactions; 1.11. the order in which the equity items of the financial statements given in individual companies, farmers and fishermen; 1.12. procedures for the preparation of the financial statements of the company, which does not correspond to the annual accounts and consolidated accounts (hereinafter the law) article 14, paragraph 1, first subparagraph the going concern principle; 1.13. the procedures for preparing the financial statements for the period shorter than the reference year (interim report); 1.14. the rules on investment properties or biological assets held for sale fixed assets reclassification and the identification of further balance sheet if the company terminates the corresponding property object, based on their fair value. 2. Are not subject to the provisions of article 3 of the law referred to in the fifth subparagraph, the law subjects, which, by way of derogation from the statutory annual accounts and the financial statement items of the evaluation principles and rules, the annual report of the items shall be in accordance with international accounting standards adopted in accordance with the European Parliament and of the Council of 19 July 2002, Regulation No 1606/2002 on the application of international accounting standards (international accounting standards). 2. Procedure for assessment and financial report indicates the received State, local, foreign, European Union, other international organisations and institutions, financial aid (financial assistance), donations and donations in cash or in kind, 3. the company's financial statement reflects any State, local, foreign, European Union, other international organizations and institutions the means to provide financial support to the public (hereinafter also – financial assistance), in the form of the provision of economic benefits directly to this particular company on the that it complied in the past or in the future will respect certain conditions relating to its business operations, or because this company meets certain criteria. 4. The provisions of this chapter shall not apply where: 4.1. State, local, foreign, European Union, other international organizations and institutions to provide economic benefits (economic benefits) refers to the provision of infrastructure, the object is public use and to the public (such as national or local investment in the water, transport and communications); 4.2. economic benefits received in connection with the specific economic transactions of the company and, subject to the commercial principles (for example, sale of goods, provision of services or carrying out the works of national or municipal needs, subject to the public procurement law, does not constitute the provision of financial support to the public); 4.3. economic benefits received in the accounts of the society it is not possible to reliably assess (for example, no consideration received national or local authorities advice relating to the public business operations). 2.1. The received State, local, foreign, European Union, other international organisations or institutions of financial aid (financial assistance) assessment and identification of the financial statements of the State or local government direct payment of money received in the form of financial assistance-expenditure subsidy to cover the (loss) or grant a certain State or local enforcement function, and financial support in the form of a tax (the State social security payment) a debt or other public displays of national or local government for a partial or complete write-off include revenue in the reference year, which received financial aid or financial support.  6. From State, local, foreign, European Union, other international organizations and institutions receive financial assistance in the form of direct cash payments, the balance in the item "deferred income" respectively, long or short term, the vendor if under at least one of these financial assistance's specified conditions: 6.1. money for long-term investment to purchase the item, or construction; 6.2. the money will be spent until the next reporting year (so for certain next year to finance current expenditure or the enforcement); 6.3. If the the condition will not be met, the money in the coming years will have to be repaid. 7. The balance sheet under "deferred income" indicates also: 7.1 financial support in the form of State, local, foreign, European Union, other international organizations and institutions in the financial aid funds created long-term investment object with limited time of use, the transfer of property without consideration of the public or selling it to the public at a price that is lower than the fair value of this object, according to the value that is specified in the documents relating to the granting of financial aid, or the transfer of or, if the company used the financial aid received in the form of an item of property or financial investment object to measure fair value, according to the fair value of financial support; 7.2. in accordance with the approved funding arrangements, the financing of the European Union, in the form of reimbursement of expenditure for long-term investment, the creation of the object of purchase or construction project completion or gradual long-term course of project implementation – on the basis of the funding request for the repayment of amounts received, excluding this provision in paragraph 11. 8. The company may choose to evaluate the financial aid received in the form of assets or long-term financial investment object according to the true value when: 8.1. this object value that is specified in the documents relating to the granting of a financial contribution or transfer, below its true value; 8.2. the value of this object is not specified in those documents, but the true value is unknown (it is possible to reliably determine). 9. balance sheet under "deferred income" received by specified financial assistance or other forms of financial support received included the amount of the relevant financial year revenue: 9.1. If the financial assistance in the form of cash received, acquired or built up long-term investment or financial aid received in the form of long-term investment object in life is limited: If the received 9.1.1 and the financial assistance or other forms of financial support received, fully covered by the value of this object – According to the current year's depreciation and write-downs of the value of the amounts; 9.1.2. If you receive financial assistance or other forms of financial aid received covers only part of the value of the said object, this object by the current year's depreciation and write-downs of the value of the sum of the parts that relate to the financial assistance received or financial support; 9.2. in accordance with the use of this amount during the year to cover the costs or the enforcement, if the money for these purposes was received in the previous reporting year; 9.3. when all the conditions are fulfilled, which is not using the money to be repaid or gradually those conditions during the execution, indicate this in the public accounting policy. 10. If the financial assistance received in the form of cash purchased or otherwise obtained financial support for land or other long-term investment objects with unlimited usage time, such financial support is included in its report a year in revenue, the long-term investment objects seized, except in the case where no such long-term investment object may be directly associated with any of the other long-term investment object use time is limited. In this case, the financial support may include revenue gradually provided that other object during use (for example, if financial assistance is received in respect of land under the condition that on this earth must get a building or structure, such financial assistance is justified to recognise in the income statement the construction of a building or a valid use of the time). 11. If this rule 7.2. reimbursement referred to in the company receive: the next accounting year 11.1 the long-term investment (asset) depreciation or later, the amount received initially indicate the balance under "deferred income" and then systematically included in revenue this object remaining useful life; 11.2. the long-term investment (asset) depreciation is already completed, the amount received is included in its revenue for the year when reimbursement was received. 12. revenue for the year amount indicate the profit or loss statement under "other operating income" or "other item of revenue, if it describes the nature of the aid received. 13. the funds of the European Union, in the form of a reimbursement of eligible expenses after implementation of the project, which are not associated with long-term investment object creation or acquisition, construction, but in refers to current expenditure (for example, expenses in connection with consultations and participation in exhibitions and missions or training and education of employees), the public revenue in the reference year include when that supported the current reimbursement is received. 14. the company in its accounting policy may provide financial support received under revenue before all these rules referred to in point 9.3 with support related conditions are fulfilled on or before receipt of eligible expenditure only if the public has a reasonable assurance that will be both of the following conditions fulfilled: 14.1. all of the financial aid related conditions will be fulfilled; 14.2. eligible expenses will be reimbursed. 15. If in the years after the financial support received for inclusion in the balance sheet or profit and loss statement that does not meet any of the conditions of the financial aid and the financial support received wholly or partly repaid, then: 15.1. If the received amount of the aid in full to the financial year in revenue, the amount repayable financial support copies of its cost reporting year when become certain that this amount will be refunded; 15.2. If the received amount of the aid contained in the balance sheet under "deferred income" and not yet fully included in the reporting year concerned revenue, grants financial aid for the most amortization first use the balance sheet item "deferred income" for the year, including only the cost of the balance of this item does not cover the financial aid refund amounts surplus;  15.3. carry out the appropriate change in accounting estimate, by applying the provisions of this section 3.3. 2.2. From natural and legal persons received donations or donations in cash or in kind, evaluation and identification of the financial statements 16. For donations or donations in the sense of these provisions is considered to be physical, legal or the other person's money, property or services of transfer without consideration of public property, with or without the use of the target. 17. the company's cash payments received in the form of donations or any donations include revenue in the reference year, which received the cash payments, with the exception of those provisions referred to in paragraph 18.  18. The direct payment of money received in the form of donations or any donations indicates the balance under "deferred income" respectively, long or short term, the vendor if under at least one of the conditions laid down by the employer: 18.1. money for long-term investment to purchase the item, or construction; 18.2. the money will be spent until the next reporting year (so for certain next year to finance current expenditure or the enforcement); 18.3. If the condition will not be met, the money in the coming years will have to be repaid. 19. The balance sheet under "deferred income" received donations or specified the amount of the gift is included in the financial year revenue, if the donation or gift of money received in the form of purchase, or built up long-term investment or donation or gift items received in the form of long-term investment object in life is limited and received donations of 19.1: or the amount of the donation shall be borne by that object's value – according to the current year's depreciation and write-downs of the value of the amounts; 19.2. the received donations or gift amount covers only part of the value of this object, this object by the current year's depreciation and write-downs of the value of the sum of the parts that apply to donations received or the amount of the donation. 20. If the donations or gifts of money received in the form of purchase or donation or otherwise obtained a land grant or other long-term investment objects with unlimited usage time, the donation or gift is included in its report a year in revenue, the long-term investment objects seized, except in the case where no such long-term investment object may be directly associated with any of the other long-term investment object use time is limited. In this case, the amount of the donation or gift can include revenue gradually provided that other object during use (for example, if the donation or gift is received for land under the condition that on this earth must get a building or structure, such donations or any donations is warranted to recognise in the income statement the construction of a building or a valid use of the time). 21. If the donations received in donation or things whose value is not specified for a donation or a gift contract or any other document certifying the donation or gift, and the true value is unknown (it is not possible to reliably detect), may be listed in kind (free evaluation in monetary terms), if the donation or gift item is: 21.1 case that meaning is symbolic or value small and received no commercial purpose; 21.2. the used movable property, if its assessment cost is high compared with those things alleged true value; 21.3. the object for which the law "On the protection of cultural monuments" could be a historical, scientific, artistic or other cultural value; 21.4. wild animal protection law, which received the collection of wild animals for replenishment. 22. If the vendor fully renounces its claim or give up their claims to certain parts (hereinafter referred to as the creditor's debt reduction) and the creditor's debt reduction amount is associated with the vendor aims to invest this amount in the company's share capital, against the new number of shares, then the creditor's debt reduction is considered as a gift and it should be recognised as revenue in the income statement in the year concerned. 23. If the creditor's debt reduction is related to the share capital of the investment company against the new shares or the number of shares (hereinafter referred to as the vendor debt capitalization), then the amount of the creditor's debt capitalization, be included in the balance sheet item "shares or capital (share capital)". 24. If the subject of the gift is burdened with debts (for example, if the gift is all property of the donor and the donor has not paid debts which he had at the time of the donation), then in the reference period, when becoming aware of such a burden of debt on the balance sheet include the amount of savings or debt creditors item, but the income statement indicates the relevant costs. 25. The application of article 52 of the law in the first part of paragraph 4 and 5, as set in the annex to the financial statement shall provide information on: 25.1. accounting year or previous years received financial assistance, the amount of which is essential for public assets, liabilities, financial position and profit or loss assessment and which are not received or periodically (often indicates the receipt of financial assistance a year, amount and, if you have not yet met all the financial donors in certain conditions When they will be completely fulfilled); 25.2. the refunds the amount of financial assistance received, if the reporting year that is not fulfilled any of the financial assistance, the conditions laid down; 25.3. the reference year or previous years received donations and gifts, if it is essential for the company's assets, liabilities, financial position and profit or loss. 3. The order in which the financial statement specifies the events after the balance sheet date, the accounting policies, changes in accounting estimates and corrections of errors 3.1. events after the balance sheet date 26. Favourable or adverse events after the balance sheet date, relating to the financial year (hereinafter also – adjusting event), the financial statements shall reflect the adjusted items included amounts, or the addition of new items. For example, on the subject of the year between the date of the balance sheet and the annual report signing day (annual report) occurred in the following adjusting events: 26.1. delivered a court order for the firm in the year or in the previous reporting years. In this case, take the expected obligations (if any) of the adjustment and the amount entered in the accounts payable or, if the exact amount is not known, post (or adjust) the accrual amount; 26.2. obtain information about a customer or the customer's financial situation is deteriorating and is unable to repay debts in accordance with the conditions that existed at the end of the reporting year. In this case, create or specify the accrual created doubtful accounts receivable; 26.3. getting information about a reduction in the value of assets at the balance sheet date. If decreased long-term investment value of the object (for example, as a result of the bankruptcy proceedings ended, a subsidiary operation due to unforeseen circumstances died in fixed asset object), post the long-term investment value of the object, the amount of the reduction, but, if during this time the items are sold at a price lower than the cost of the stocks concerned, that information shall be taken into account in determining the net realisable value of inventories at the end of the accounting year;
26.4. for precise information on the value of the asset that was purchased before the balance sheet date. In this case, specify the original value of the asset; 26.5. revealed fraud or error. In this case, adjust the fraud or error affected financial statement balances. 27. If the preparation of the annual report has been committed during a favorable or adverse event, which does not apply to the reference year (hereinafter also – non-adjusting event), but may significantly affect annual report evaluation of the user of public funds, liabilities, financial position, profit or loss and cash flow or the decision making in the future, then the following events provide information in an annex to the financial statements or management report indicating that the event or the expected financial impact of informing that the estimate is not possible. For example, in the annex to the financial statements or management report information if the annual report have been held during the preparation of the following non-adjusting events: 27.1. impaired subsidiaries stock market value; 27.2. a decision on an important guarantee or the guarantee commitments. 28. If the annual report at the time of preparation of the decision on the termination of the company, the company prepares financial statements in chapter 13 of these regulations. 3.2. Accounting policy and its Exchange 29. Company documents and accounts consistently adhere to accounting policy. Accounting policy choices and public responsibility for its compliance with the management. 30. When selecting accounting policies, comply with the following conditions: 30.1. accounting policy complies with the statutory requirement that financial statements must provide a true and fair view of the company's resources (assets), liabilities, financial position and profit or loss, but medium and large companies in the company's annual report, the flow of cash (hereinafter referred to as compliance with the legal requirements of a true and clear picture); 30.2. the accounting policy does not conflict with the accounting and the annual accounts, as well as other regulatory legislation on economic transaction concerned, fact, event, or items of a financial statement presentation, accounting and valuation (referred to in this chapter, the regulatory framework). 31. the company changed accounting policy only if: 31.1. has changed the regulatory framework; 31.2. in connection with the change of circumstances existing in the application of accounting policies no longer meets the law requirement for a true and clear picture; 31.3. the change in accounting policy provides reliable and more relevant information about the financial transaction, event or fact and the effects on the company's financial situation, profit or loss and cash flow.
32. the conditions of this chapter for a change in accounting policy does not apply to cases in which the company adopted new accounting policies related to financial transactions: 32.1., facts and events or conditions, which differ from the company's previous financial transactions, facts and events or past circumstances, or to the public until now such was incurred, or they were not significant; 32.2. the management decision, assets or any part of it in the future to assess using the revaluation method. 33. If the change in accounting policy is based on the changes to the regulatory framework, its impact on the financial statements reflect the appropriate specific transitional arrangements from the existing to the new regulatory framework (hereinafter referred to as the transitional arrangements). 34. where transitional arrangements, as well as the reasons for the change in accounting policy is the previous accounting policy non-compliance with the requirements of the law on the true and fair view, financial statements should reflect the following: 34.1. as far as possible, assess the impact of change in accounting policy to all relevant previous year financial statement items, as if the new accounting policy had always applied, and its overall impact; 21.3. the adjusted accounting policy change affected the equity balances in the balance sheet at the beginning of the accounting year; 21.3. as far as possible, adjust the other comparable indicators at the beginning of the year. 35. If it is not possible to assess the impact of change in accounting policy to all relevant previous year financial statement items, the company may adjust the comparable figures, beginning with the date on which such adjustment is possible. 36. In application of article 52 of the law in the first part of paragraph 1, the company notes to the financial statements provides such detailed information about the change in accounting policy: 36.1. where a change in accounting policy is based on the existing accounting policy non-compliance with the requirements of the law on the true and fair view of the company's financial accounts also provides the following explanations: 36.1.1. change in accounting policies nature; 36.1.2. new accounting policy justification for the compliance of the law on a true and clear picture; 36.1.3. the amount of the adjustment relating to the financial year and for earlier financial years, insofar as they may fix, including the amount of the adjustment relating to profit before corporate income tax and the corporate income tax; 36.1.4. adjustment effect on profit; 36.2. If the change in accounting policy impact assessment under this rule 34.1. to point to any particular financial reports of the previous year's figures are not possible, the information about the circumstances that led to this situation, and the date from which you made the change in accounting policy the total impact calculation. 36.3. If the accounting policy change is a change in the regulatory justification framework, the company notes to the financial statements provides the following explanations: 36.3.1. external legislative title and date of adoption, which caused the change; 36.3.2. If the change in accounting policy is made in accordance with the provisions laid down in the regulations on the transitional arrangements, the expected impact on the financial statements for the next reporting years; 36.3.3. the nature of the change in accounting policy; 36.3.4. the amount of the correction relating to the financial year and for earlier financial years, insofar as they may determine, including the amount of the adjustment relating to profit before corporate income tax and the corporate income tax; 36.3.5. If the change in accounting policy impact assessment under this rule 34.1. to point to any particular financial reports of the previous year's figures are not possible, the information about the circumstances that led to this situation, and the date from which you made the change in accounting policy in the calculation of the total impact. 37. Mikrosabiedrīb, which is the reference year of changed accounting policies, but did not prepare financial statements, this provision in paragraph 36. detailed information on the accounting policy change is provided in the balance sheet at the end of a note. 3.3. change in accounting estimates and the Public Accounts 38. prepares the estimate of asset depreciation amounts and the amount of stocks of other costs mentioned in these rules or the type of revenue amounts, as well as in other cases when such estimates needed to assess the reporting year of the income statement or the balance sheet amounts to be included. 39. Accounting estimates included in the assessment must be reliable. Assessment is likely if the company in preparing an accounting estimate based on the latest available information and using evidence, accounting and the preparation of the annual accounts, as well as other regulatory legislation in certain valuation models and techniques or, given in the legislation, the independent expert evaluation. 40. the company changes the accounting estimate, if the future event resulting in change in circumstances that were the basis for the estimate of the existing, or new information is obtained.
41. If the change in estimate related to the previously allowed major errors (for example, determination of the estimate did not take into account all information available or used inappropriate valuation methods), then apply this provision in paragraph 47.  42. New accounting estimate applied to the assessment of the financial report items in the report took place during the year in which the change in accounting estimate, and in appropriate cases (for example if accounting estimates prepared in connection with the useful life of the asset or depreciation method changes) – also in the next report. 43. The principles for the assessment of change is the change in accounting policy, rather than a change in an accounting estimate. If it is not possible to distinguish between a change in accounting policy of a change in an accounting estimate, the change shall be considered as a change in an accounting estimate.
44. a change in an accounting estimate the impact of the financial report reflects the following: 44.1. If the new estimate covers only one year, then the year of the financial statements, which have been a change in an accounting estimate, included in the financial statement item value adjustments; 44.2. If the new estimate covers several years, its annual financial report, which has been a change in an accounting estimate, included in the financial statement item value adjustments, but relevant in subsequent reference years, the new estimate takes as a basis the value of items in the financial report.
45. Medium and large company financial accounts provide information (estimates for the type, amount) about the accounting estimates that the change has led to a substantial impact in the year or from having significant impact is expected in the coming years, the report if it is possible to determine whether the explanation of the reasons why this effect is impossible to determine. 3.4 bug fixes 46. Error that occurred and the reference year or annual report, right up to the date of signing the annual report, adjusting the relevant financial statement items. 47. If the reference year or annual report at the time of preparation of the previous report of open years substantial error occurred (hereinafter referred to as the previous year), it is corrected as follows: 29.3. to the extent possible, the impact of the error on the relevant previous year financial statement items and the overall effect; 47.2. corrected mistakes affected the asset, equity, stock or creditor balances in the balance sheet at the beginning of the accounting year; 47.3. in so far as it may be adjusted in other comparable indicators at the beginning of the year. 48. in applying article 12 of the law of the second and third parts of the requirements, the company notes to the financial statements shall present the following information for the previous year relevant to the identified errors and their fixes: 29.9. errors (for example, a mathematical error, error in accounting policy, negligence, error, erroneous interpretation of the facts, fraud); error correction with 30.0 related adjustment amounts relating to previous accounting years, insofar as they can be determined (including error correction effect on profit before corporate income tax, corporate income tax and profit); 48.3. If error impact identification in accordance with this provision to paragraph 29.3 on a specific financial reports of the previous year's figures are not possible, the information about the circumstances that led to this situation, and the date from which you made the error calculation of the total impact. 49. Mikrosabiedrīb, which in the year are finding significant previous reporting year and accordingly adjusted the previous reporting year data, but prepare financial statements, this provision of the information referred to in paragraph 48 of the previous year, identified significant errors and corrections provide a balance sheet at the end of a note. 4. The order in which records and estimates the revenue from the sale of goods and supply of services, the transfer of public assets in the use of other people, gaining interest, royalties and dividend revenues 4.1. income from production or sale of goods and services By 50 year of revenue from production or trade (hereinafter goods) sales and service provision included in the income statement under "Net turnover" article 41 of the Act. Revenue from sales of goods and provision of services regardless of the payment date and the date of invoice lists when you have met the relevant conditions of revenue accounting. 51. Revenue shall include the company's normal operation (first paragraph of article 52 of the meaning of paragraph 4) achieved the economic benefits that it has received or will receive and which result in increased or will increase its equity capital in the balance sheet, except where the equity increase of shareholders ' or members ' instalments in capital. 52. a third person amounts collected on behalf of the company's revenue is not included. If the company acts as a dealer or broker, its revenues are only these third parties pay remuneration for the dealer or intermediary services. 53. The proceeds of the sale of goods accounted for when all the following conditions are met: 53.1. (where appropriate, title to goods), everything is a risk for the deterioration or destruction (hereinafter referred to as the property rights risks inherent to goods) and all the possible benefits of the goods (for example, income and appreciation) is transferred to the buyer; 53.2. company can reliably assess the revenue; 53.3. it is expected that the company will receive the transaction-related economic benefits; 53.4. the public can reliably assess the expenses incurred or arise in connection with the sale of goods. 54. The sale of goods is recognised in the light of the economic content and nature of the transaction, not just the legal form. If the company retains important property rights risks specific to goods, the transaction is a sale and revenue is recognised. The public can keep important property rights risks specific to goods and rights to the potential benefits of these products, such as in cases where: the society in addition to the regular 54.1. guarantee obligations assumed for unsatisfactory goods (for example, technological equipment) performance; 54.2. the economic benefits from the buyer is dependent on income, which the buyer will benefit from the further sale of the goods; 54.3. company dispatched or transported goods and goods for the installation the installation is a significant part of the contract, which the company has not yet been fulfilled; 54.4. the buyer is entitled to withdraw from the purchase contract for unspecified reasons, and send the goods back, even if there is a possibility that the seller will receive the goods back. 55. With specific product sales related costs (including sales purchase or production cost or other balance sheet value, determined by the application of the law of article 24 and 25) shall be included in the income statement in the year under review, which includes revenue from that sale. If it is not possible to reliably assess the costs or arise in connection with the sale of certain goods, revenue from that business transaction does not account, but any remuneration already received until the amount of costs incurred is known, shown in the balance sheet as a liability to the buyer. 56. The proceeds of the fully executed contract for the provision of services in the assessment and accounting separately for each contract, in accordance with the contract conditions. 57. If at the balance sheet date, a contract for the provision of services is not fully complied with (hereinafter referred to as a contract for the provision of services), but it is possible to reliably estimate the financial results, with revenue of this Treaty lists, taking into account that the level of performance of the contract at the balance sheet date (hereinafter referred to as the interest method). Incomplete service delivery financial results of performance of the contract is estimated reliably when all the following conditions are met: 57.1. is reliably estimate the degree of performance of the contract at the balance sheet date, as well as the income covered by this contract; 57.2. it is expected that economic benefits in connection with this agreement will be received; 57.3. can reliably associated with this contract cost amounts, both those already incurred and those that still occur in the period up to completion of this contract. 58. If it is not possible to estimate reliably the not complete contract for the provision of services in the financial results of the execution, the amount of revenue from this contract recorded only to the extent that the customer is expected to pay costs incurred in connection with this agreement. If it is not possible to estimate reliably the incomplete service contract performance financial results and it is not expected that the costs incurred will be reimbursed, revenue is not recognised and the costs incurred are included in profit or loss. 59. the sale of gift certificates is considered an advance payment for the supply of goods or services. Revenue is recognised at the time when the buyer in Exchange for a gift card is issued to the goods or services are supplied. 60. The revenue from construction contracts or other long term contracts (including contracts of service) admits that the provisions in Chapter 8. 4.2. income from the transfer of public assets in the use of other people, gaining interest, royalty or dividend revenue from 61. transfer of public assets in the use of other people, gaining interest, royalties or dividends, accounting, if both of the following conditions: 61.1. company can reliably assess the revenue; 61.2. it is probable that the company will receive the transaction-related economic benefits. 62. The proceeds from interest, royalties or dividends accounted for by applying the following methods: 62.1 percent. on the basis of the proportion accounting for time allocation, taking into account the actual profitability of the assets; 62.2. royalties accounted for on an accrual basis in accordance with the specific nature of each treaty; 38.7. revenue from dividends accounted for when a member or shareholders ' right to receive dividends, this means that only when the meeting members adopted the decision on the dividends paid profit, as well as identify and calculate the amount of the dividend. 5. fixed asset accounting and valuation methods and procedures in the financial statements indicates costs associated with them and the changes in the value of asset tracking 5.1 General questions 63. Fixed asset object (hereinafter referred to as the asset) these rules consider each individual movable or immovable corporeal thing (thing) the meaning of the civil code or similar thing, for which all of the following are in force: 39.2. the thing or things generally complies with the law 1 of the first paragraph of article 17 of the established criteria for classification of fixed assets; 39.3. the thing or set of things meets this provision referred to in paragraph 64 of the asset recognition; the case in question or 63.3 set value exceeds the company's accounting policies and the rules set out in paragraph 65 of the asset value of the criterion. 64. the conditions for recognition of fixed assets are as follows: 39.8. company fixed asset recognised on the date on which it has taken over all the property rights or financial lease the rights provided for in the associated risks and possible benefits of the case in question or, if on that date the public is impossible to determine the original value of fixed assets. The real estate object can be declared an asset before burning in the land; 64.2. If, on the date on which the company has become the case in question or of the owner or lessee under a finance lease, it is not possible to determine the original value of the asset, the asset is recognised by society – later on the date when it is possible to determine the original value of fixed assets.
65. the company selected and accounting policy determines the criteria of fixed asset values (in euro) which the company recognizes assets for a fixed asset. 66. the company as a separate fixed asset accounts may be listed: 66.1. each individual case; 66.2. similar cases (for example, if the value of each individual cases is less than a certain fixed asset value criterion, but this set is used in several public ordinary cycles and their total value is essential (for example, templates, tools, pallets)); 66.3. certain things part or component that is necessary for the operation of this case and its activities or changes during use, if the part or component meets the classification and value of the fixed asset criteria, conditions for recognition of fixed assets, and they have different useful lives. 67. the balance sheet asset indicates net value, calculated from the original value of fixed assets or other book value, the original value replaces the value (hereinafter referred to as the book value of the asset), net of depreciation, which is calculated from the date when the asset was beginning to use for the intended purpose, up to the balance sheet date (including adjustments) (hereinafter referred to as accumulated depreciation), and all values taken write-downs (such as impairment losses). 68. the company's accounting records for each individual asset indicates the following: 68.1. initial value and all values change; 68.2. life expectancy and changes; 68.3. appropriate depreciation method (if the asset's useful life is limited) and its modifications; 68.4. move off the grounds; 68.5. other information (such as the date that the fixed asset by economic activity according to the intended purpose, the document concerned (such as the adoption Act, and transfer accounting certificates) date and number of the date that the fixed asset is interrupted and resumed use of economic activity).  69. Accounting chart of accounts shall include separate accounts for asset tracking and depreciation in value. 70. These provisions for fixed assets specific accounting procedure does not apply to the balance sheet item "advance payments for fixed assets". This item indicates the relevant persons (suppliers) for asset delivery amount of advance payments made. 71. the balance of the item "creating fixed assets under construction object cost" assessed by applying this rule 5.2. Subdivision. If this item object included is impaired and impairment is expected to have a lasting, impairment scrapped, by applying this provision, paragraph 85. If this item included the object disposes of or removed, it is excluded from the accounting, the application of this provision in subsection 5.5. 5.2. determination of the original value of fixed assets in the fixed asset takes 72. accounting records according to its initial value, the purchase price or production cost, or in special cases (for example, if a fixed asset acquired in Exchange transaction or as financial assistance, donations or gifts) other value that can be determined reliably. 73. the acquisition cost for the fixed asset for the fixed asset include directly attributable cost: 73.1. the purchase price (less any discounts received), customs duty and other related to the purchase of non-deductible taxes and duties; 73.2. expenses directly related to the delivery of assets to the point of use and preparation for the intended purpose (for example, the cost of site preparation, installation and Assembly costs, remuneration of professionals for professional services) and from until the asset is ready for its intended purpose (for example, buildings or other structures are put into operation). 74. the asset production cost shall include the production of raw materials and consumables used the costs, personnel costs and other directly attributable to the fixed costs (for example, running the site preparation and outfitting costs (the basic building, installation of a fence), delivery and handling costs, installation and Assembly costs, fixed asset transactions test costs (net of proceeds from such inspections resulted in the sale of goods produced), the remuneration of professionals (e.g., architects, engineers) for the provision of professional services). 75. If the company performs operations that are not directly required for the creation of the asset with the following associated revenues and costs are recognised in the profit and loss statement in which those operations were carried out (for example, a company can use the land to build the new buildings, parking lots, until you start the new building construction).  76. The public can cost in the production of fixed assets include its establishment received interest on the loan until the asset is ready for its intended purpose, as well as the cost of the parts that are only indirectly related to the asset, if they occur at a time when the asset was made (hereinafter referred to as indirect production costs) (e.g., control of production and service workers, technicians, engineers, maintenance guy and another employee wages and salaries related to these State social security payments , production building and equipment depreciation and maintenance (repair and maintenance) expenses, production space heating and lighting expenses, rent and insurance payments, as well as auxiliary materials of general interest). 77. the cost into the value of the fixed asset in the end with the moment when the asset is ready for its intended purpose. Further costs associated with the use of the asset or the subsequent transfer, do not include the value of the fixed asset. For example: 77.1. costs that were required to start an asset with a maximum designed capacity; 77.2. losses incurred by the new fixed asset in the development of products and demand; 77.3. costs associated with the individual company departments or all public operations restructuring. 78. the asset acquisition value is not allowed to include the following costs: 78.1. creation of a new Department of planning and research related costs; 78.2. new types of products or services (including advertising) implementation costs; 78.3. costs related to the new operating type or geographic market areas (including employee training costs); 78.4. administration costs (excluding remuneration specialists about the professional provision of services); 78.5. costs incurred in connection with the asset until the asset is ready for its intended purpose, but not directly necessary for or go beyond the usual creation of a similar fixed asset costs; 78.6. costs associated with the provision of asset building dismantling and reconstruction in the context of the deployment site. 79. If a fixed asset obtained in the Exchange transaction and on the object fully or partly reimbursed by other assets other than cash or cash equivalents, then get the original value of the asset shall be determined as follows: 79.1. the fair value of the asset received, if it can be determined reliably; 79.2. If the asset fair value cannot be reliably determined, after the exchange of the fair value of the assets; 79.3. If it is not possible to reliably determine not obtained in the Exchange transaction, the fair value of the fixed asset, not exchange the fair value of the transferred assets, in Exchange for the transferred asset at a balance sheet value of the Exchange at the time of the transaction. 80. If you received a fixed asset acquisition, the State, local, foreign, European Union, other international organisations or institutions financing or if a fixed asset received as a gift or purchased from donations or gifts of money, then get the original value of the asset is determined by applying the provisions of Chapter 2. 5.3. Fixed asset accounting and evaluation after initial value 81. after the initial value of fixed assets original value allowed: 81.1. increase for its improvement (reconstruction or renovation) costs incurred by the fixed asset, adding or replacing parts or components which significantly increases its production potential, or extend its life; 81.2. cut on the assets off the balance sheet the part or component value if they are necessary for the calculation of accounting data. If no such data, the original value of fixed assets allowed to cut off part of the fixed assets or depreciated replacement cost of the component, which is calculated by deducting from new parts or components carrying estimated the total amount of the depreciation for the period during which was used in part or component is turned off.
82. maintenance of fixed assets used for spare parts and consumables are written off in the year under review editions, in which they are used. 83. The initial value of the fixed asset, the useful life of which are limited editions written down gradually. 84. Asset valued at a lower value, if both of the following conditions are met: 84.1. the value of the fixed asset in the balance sheet date is lower than the amount that has been calculated from the original values minus accumulated depreciation; 52.3. expected impairment will be lengthy. 85. the asset impairment write off expenses in the year under review, in which it is found. If the value of the asset is no longer based its evaluation according to the lowest value you can stop posting revenue amount was written off, when impairment was found. 86. A fixed asset, the value of which is significantly greater than the original value or assessment of the previous year's balance sheet may be revalued to a higher value if it can be assumed that the value of the platform will be extended (hereinafter referred to as the revaluation method). 87. the land units or parts of units of low real estate cadastre of the State within the meaning of the law (hereinafter referred to as the site), buildings, engineering structures, or parts of this object value according to the lower or higher value determines a certified real estate appraiser. 88. If a company chooses to use revaluation method, it: 88.1. overestimating the whole asset tracking group to which the asset belongs, according to the society for the stated accounting policies; fixed assets Revaluation made 88.2. regularly depending on the revaluation of fixed assets changes in fair value. If the revalued asset fair value differs from the value in the balance sheet, further revaluation is necessary. If the fixed asset the fair value changes insignificant, it may be revalued every three or five years; 88.3. initial value the asset after revaluation revaluation shall be replaced by the specified in the new asset book value (hereinafter referred to as the new carrying amount of the asset); If the revalued asset 88.4. useful life is finite, the new book value gradually scrapped, calculating depreciation under section 5.4 of these rules. 89. the new asset book value accounting is calculated using one of the following methods: 89.1. increased or reduced according to the date of the revaluation accumulated depreciation or the book value of the fixed asset for the fixed asset in the balance sheet of the new value that is equal to its fair value as defined in the revaluation; 89.2. originally written down to the date of the revaluation accumulated depreciation of fixed assets in the old book value and then the remaining amount shall be increased or reduced accordingly the fixed assets Revaluation of fair value specified.  5.4. the fixed asset depreciation fixed assets the original 90 or other book value gradually scrapped its useful life using the appropriate fixed asset depreciation method. 91. the useful life of an asset shall be taken of the period (in years), in which the company intends to use the asset, taking into consideration the intended use, the physical wear and tear, technical obsolescence and legal (legal) restrictions on the use of the asset, or where you can reach the unit (for example, product, work hours, mileage in kilometers) of which the company plans to get out of this asset. 92. the depreciable value of the asset, of the acquisition value less the salvage value. Salvage value is the estimated value of the company could get by selling an asset at the end of its useful life, and the less the expected costs of disposal. If the fixed asset salvage value is not material, it does not take into account the depreciable value calculation.  93. the company shall prepare the asset's useful life and salvage value (if predictable) accounting estimates and select a depreciation method. These estimates are regularly reviewed and, if necessary, change. 94. If the asset components have different useful lives, each part of the fixed assets are depreciated separately (such as aircraft engines and depreciated by different depreciation rates). 95. the asset depreciation start calculate when the asset may be used for the intended purpose. It shall be calculated, even if an asset is not actively used (such as maintenance, repair, reconstruction or idle time), except when the depreciation of the fixed assets are used to calculate the usage depends on the method. In this case, the depreciation of fixed assets can stop as long as the asset is not actively used. 96. depreciation of fixed assets be terminated when: 96.1. the original or other fixed assets book value or values and asset salvage value (if predictable) the difference is fully written down; 96.2. in accordance with the new accounting estimate asset salvage value (if expected) is equal to or exceeds the book value of it;
96.3. asset is turned off. 97. a fixed asset with a finite useful life (such as land) and to the fixed asset for which can not determine the useful life (such as art), annual depreciation is calculated. 98. Land, building and civil engineering works in separate accounts (even if they purchased together). The value of the land exchange, which is located in the building or works, does not affect this building or civil engineering works on its useful life. 99. the fixed asset depreciation calculation, you can use the following methods: 99.1. straight-line method. It is based on the assumption that the asset's usefulness decreases steadily, so the annual amount for depreciation of the fixed asset over its useful life does not change, if not change the asset salvage value (if any) accounting estimates; 99.2. reducing balance (accelerated depreciation) method. It is based on the assumption that the initial phase of asset use is higher productivity and fewer resources are spent on it maintenance service position (use last years asset productivity and rising costs decreases it for repair). Using this method, depreciation is the largest annual amount in the first year of operation, but at the least, the last; 99.3. usage of external methods. Using the fixed asset depreciation year amount is set depending on the designed capacity of the fixed asset and the actual period of use. 100. The selected depreciation method the company uses constantly, except when the significantly changed circumstances justify the methods. Depreciation method change considered changing accounting estimate for which the medium and large company provides information notes to the financial statements. 5.5. the exclusion of the fixed asset are excluded from 101 accounting when it: 101.1. alienated (sold or exchanged, transferred to a finance lease, donated or gifted, invested in the capital of another capital company); 101.2. eliminated because of its use or transfer the future no longer corners the economic benefits (including theft or damage). 102. the asset disposals reflects the accounting in the year under review, when it seized or liquidated. If the asset is sold, the proceeds from its sales records when the met 53. these provisions and conditions referred to in paragraph 54. 103. With the asset expropriated or eliminate off-related revenue and expenses in the income statement items indicates net value (hereinafter referred to as the profit or loss on disposal of fixed assets) pursuant to article 14 of the law on the third part of the second paragraph of article 41 and 43 in the third subparagraph of article. If the excluded fixed asset has been assessed using the revaluation method then the calculation of the profit or loss from the disposal of fixed assets, also take account of revenue incurred, excluding from the balance sheet item "fixed assets revaluation reserve" of this increase in the value of the fixed asset in the balance of the amount. 5.6. The provision of information on fixed assets notes to the financial statements. the company, in applying the 104 Law 52 first paragraph of article 7, the financial statements provided in the annex to the said rules of law laid down in the information about each asset item. 105. If the fixed assets the revalued amounts are estimated using the article 33 of the law provides the possibility, then, applying the law of the second paragraph of article 52 of the requirements, the company notes to the financial statements in contains a table that provides that rules of law laid down in the details of each item of fixed asset revaluations. 6. the work or food-producing animal or plant accounting and valuation methods and procedures in the financial statements indicates costs associated with them and the changes in the value of animal and vegetable 6.1 accounting General questions the meaning of these rules 106.: 106.1. animals are adults animals (for example, all species of livestock, poultry, fish, bees), as well as newborn animals, animal babies and adults; 106.2. plants have life crops (such as fruit and Berry trees and shrubs, cereals, legumes, grasses, root, herbs, flowers) and wild plants (such as trees and shrubs grow in natural forest, meadow); 106.3. working animals are adults animals have learned to work the necessary specific skills and make people a specific action (such as work or sport horses, service dogs), as well as the animals, which are kept for public display for entertainment or education (for example, amusement and a circus animal Zoo animals); 106.4. productive animals are adults, reared the animals and animal products there, the additional acquisition of animals or for other purposes (such as hunting needs restricted area kept wild animals, the needs kept in animal trials); 106.5. Permanent plantings are crops that grow on the land concerned long and yield crops over several times (for example, fruit and Berry, strawberry, also garden) as well as ornamental and fruit trees and bushes planted in nurseries; 106.6. annual plantings and volume are the crops that grow on the land concerned one year and yield crops only once (for example, potatoes, root or flowers, cereals, legumes, fibre plants or oil plants); 106.7. stands and Woody plantations are naturally grown or media or planting ieaudzēt of needles or leaves of trees and shrubs (such as trees and shrubs pirmatnējo Woods, plantation forests or forest tree nurseries); 106.8. agricultural products are animal products (such as unprocessed meat, milk, eggs, honey, wool), unprocessed crop products (such as fruit, berries and vegetables, flower bulbs and cut flowers, cereals, dried fodder, seed, flax and hemp), plant material and ornamental fruit tree and shrub nurseries, zvērkopīb products (such as fur) and fish farming products (for example, caught fish, unprocessed fish meat); 106.9. forestry wood products (such as logs, sawn timber, pulpwood, firewood) and wood products (such as Christmas trees, berries, mushrooms, nuts, wild game trophies, skins). 107. the accounts of the company and the distribution of plants recorded at least by this provision in subsection 6.2, the animal or plant accounting groups. 108. the balance sheet item "animals and plants" apakšposten "work or productive animals and permanent plantations" (hereinafter referred to as the asset composition): 108.1. animal and food-producing animals accounting group that meets the statutory criteria for classification of fixed assets and the company's accounting policy for fixed assets set out in criterion; 108.2. the permanent plantations for the production of plant-related accounting group that corresponds to the company's accounting policy for fixed assets set out in criterion; 108.3. stands and Woody plantings, which correspond to the company's accounting policy for fixed assets set out in criterion. 109. the balance sheet item "animals and plants" apakšposten "animals and annual plantings" (hereinafter referred to as the stock composition): 109.1. animal tracking groups that public accounts are not classified as fixed assets; 109.2. plants-annuals plantations and volume-related costs for the next year's harvest (for example, on sale next year for the annual vegetable, flower and plant propagation and cultivation in greenhouses this year costs attributable to annuals and planting of cereal root volume apply for this year's fall made the cost of preparing the soil, sowing of winter crops, costs). 110. before the start of the production of intense new (not yet producing) producing fruit trees and berry bushes gardens indicates the balance sheet item "fixed assets and construction costs of objects". 111. Animal and plant production costs during the financial year accumulated balance initially under "progress and order". Respecting public accounting used in the accounts and financial transactions of the nature of the relevant correspondence, accounts under this heading accrued cost of the part in question shall be carried over to the corresponding accounting accounts, for example, to inventory consists of animals and plants included in the records of the accounts of the agricultural product or next to the product (for example, manure, skin, feathers) accounting accounts. 112. the Land physically connected permanent plantings, annuals plantings or volume, as well as the land physically linked stands indicates a balance sheet item "real estate" apakšposten "Land, building and civil engineering works". 113. By way of derogation from this rule 108.1 and 109.1. the requirements of point and showing in its accounting policy, the public can choose: 113.1. item composition to indicate in all animals, regardless of their use and the duration of the holding; 113.2. classify asset each individual animal; 113.3. animals which are raised and, if necessary, to be trained in the coming years, the report could be included in fixed assets, fixed assets balance sheet item " the development and construction of the object costs ". 114. If this chapter provides otherwise, the asset composition of animals or plants in the accounting group, stands or Woody plantings, to do an initial assessment and subsequent disposal or off, these provisions apply accordingly to the procedure defined for fixed assets, in so far as they relate to animals and plants. 115. If this chapter provides otherwise, the inventory included in the formulation of animal or plant records Group, not finished products included animal or plant breeding costs, as well as agricultural and forestry products in these provisions apply accordingly items the specified tracking and evaluation procedure, in so far as they relate to animals, plants and non-processed agricultural and forestry products. 6.2. Animal and plant groups 116. Society of accounting records in the books of the animals and the associated costs in the distribution at least the following groups of animal records: 116.1. assets classified as working animals and productive animals (if any); 116.2. stocks classified animals (young and other animals who are raised for inclusion in fixed assets in the next reporting years, fattening animals, birds, bees, animals, rabbits, fish, wild animals). 117. in any animal group of accounting registers the animal (or another unit such as bees-hive) and value totals, as well as the number and total value of the change. If the company's accounting policy provides for animal breeding and fattening purposes in evaluating the results to register the animal weight changes (such as young cattle, fattening cattle, birds, fish), animal analytical accounting registers also record all animal tracking groups or, if provided for in the public accounting policy, each individual animal's weight and its changes. These animal weight changes down the public counting instruction. 118. on the basis of the accounting policies adopted in the company, the company may analytical accounting records accounting details in the installation Division each animal species (such as horses, cattle, pigs), according to the age of the animals and the intended use (for example, stallions, Mares, horses, Colt; bulls, fattening dairy cows, bovines, calves, sows, boars; fattening pigs, piglets). 119. the company recorded in the books of the plants and associated distribution costs by at least the following groups of plant records: 119.1. the permanent plantations producing; 119.2. new permanent plantations; 119.3. stands and Woody plantations; 119.4. annual plantings and volume. 120. on the basis of the accounting policies adopted in the company, the company may analytical accounting records accounting equipment through detailed distribution records of plants created in the groups (for example, through plant species or variety). 6.3. evaluation 121 Animals. Animals are initially evaluated and recorded in the accounts in this original value: 121.1. animals – being re-classified the animal purchase costs; 121.2. own grown animals – the cost of animal production (hereinafter referred to as the cost of animal production); 121.3. Exchange transaction received animals – animal received fair value if it can reliably determine whether the assets transferred by the exchange value of the balance sheet of the Exchange at the time of the transaction; 121.4. new animals (for example, newborn babies, livestock poultry hatched chicks) – public accounting policy adopted (notional) value. 122. If the acquisition of animals received State, local, foreign, European Union, other international organisations or institutions of funding or if the animals received as gifts or donations or purchased from donations received in cash, the initial value is determined by applying the provisions of Chapter 2.
123. the acquisition cost of the animals purchased shall be included in the purchase price (less any discounts received), plus the acquisition of animals associated with additional costs, if any (for example, customs duty and other related purchases non-deductible taxes and duties, transport or other costs). 124. the rearing of animals cost: 124.1. include direct material costs (e.g. feed), direct staff costs (animal handling of employees employed in wage and social security payments) and the other on these animals directly attributable costs (such as veterinary costs, working animals, training costs) incurred by the animal breeding; You can include animal 124.2. required for loan interest received as well as the cost of the parts that are only indirectly related to these animals when they encountered this animal production (such as another employee wages and salaries related to these State social security payments, livestock equipment depreciation and maintenance (repair and maintenance) expenses, livestock facilities (COOP) depreciation and maintenance (repairs, cleaning, heating, lighting) costs , rent, insurance, transport services). 125. If the company is bought or obtained in the Exchange transaction not adult animals or babies of animals (for example, foals, calves, piglets, chicks, juveniles) for further production, the growing cost of animals as direct costs also include the acquisition or acquisition costs. 126. the initial value of the animals shall not be included in administration expenses and sales costs. These costs are recognised as an expense in the year in which they arose. 127. item included in the formulation of livestock (cattle, fattening veal, fish) can increase the carrying amount based on the weight of the animals and society changes in accounting policy adopted in one weight unit notional value. The amount by which the carrying amount of the animals has increased in weight, changes are not included in the statement of income, but the amount is reduced in the balance sheet item "order and progress". 128. the composition of animal Stocks accounting value at the balance sheet date adjusted to animals should be evaluated in the lowest of the values, comparing their acquisition cost, production cost and market price or net sales value (lower market price less the estimated transportation costs to the point of sale, estimated payments evaluators, intermediaries and other similar sales related costs). Reduction of animal assessment, if one occurs, shown in the profit and loss statement under the following headings: 128.1. the item "of finished products and work in progress inventory change", if used in annex 2 of the Act the current profit or loss calculation scheme; 128.2. the item "other operating charges" when used in annex 3 of the law existing profit or loss calculation scheme. 6.4. assessment of 129 Plant. plant accounting group initially evaluated and recorded in the books of the cost of acquisition or production cost (hereinafter referred to as the cost of plant breeding). 130. the plant received the Exchange transaction accounting group initially valued at fair value of the assets received, if it can be determined reliably, or after the exchange of the transferred assets in the balance sheet value of the Exchange at the time of the transaction. 131. If the plant carrying the acquisition or establishment of the Group received State, local, foreign, European Union, other international organisations or institutions of funding or if the assets received as gifts or donations or purchased from donations received in cash, then the initial value is determined by applying the provisions of Chapter 2.
132. If the plant carrying the Group purchased together with the land with which it is physically connected, and the purchase agreement does not specify the separate assessment of land and related plant accounting group, but only the total amount of the transaction, the accounting records of the Group acquired plant acquisition cost is calculated from the total of the transaction minus the cadastral value of the land acquired (if it is not greater than the land acquisition costs). 133. If the plant carrying the Group physically related land acquisition cost is less than the value of this land cadastral: 133.1. the resulting land originally valued at acquisition cost. 133.2. accounting group acquired plant originally recorded only in kind (free evaluation in monetary terms). 134. If the company's accounting policy provides for the assessment of the use of fixed assets revaluation method: 134.1. after the initial value of the revalued land according to the cadastral value; 134.2. this land to growing outdoor plantations of the company's accounting policy set out in the order; 134.3. margin recorded respectively named long-term investment revaluation reserve. 135. the accounts of the Group growing Plant cost: 135.1. include direct material costs (such as plants or seedlings, seeds, tubers, bulbs, fertilizer, plant protection products, acquisition cost), direct staff costs (soil preparation or improvement, planting, seedlings, seeds, tubers, or bulbs, planting seed sowing, planting or manuring volume, plant protection, and harvesting of employees employed in wage and social security payments) and the other to plant a tracking group directly attributable cost incurred by the plant breeding and harvesting; 135.2. you can include interest on loans received, if they apply to the particular plant accounting group, as well as the cost of the parts that are only indirectly related to the specific plant accounting group (such as another employee wages and salaries related to these State social security payments, agricultural or horticultural techniques and crop storage facilities depreciation and maintenance (repair and maintenance) expenses, electricity, rent the insurance payments).
136. plant accounting group, the original value shall not include the costs of administration and sales costs (including the costs of transporting the harvest to buying places). These costs are recognised as an expense in the year in which they arose. 6.5. The forest and stands of characteristics of accounting accounting accounting 137. Forests constitute a single public property, which consists of two parts – a heterogeneous forest land and stands. Public owned forest assessment consists of wooded land assessment and evaluation of the stands.
138. the procedure laid down in this section do not apply to stands pirmatnējo Woods, except if you buy them for payment. About Virgin as forests that are endemic (only in certain, limited geographical area occurring) plant or animal species and is not clearly identifiable, human activities and ecological processes are not seriously disturbed. 139. If the purchase contract stands in the assessment and evaluation of forest land is specified separately, but only the total amount of the transaction, then it can be split into two parts, referred to on the basis of the cadastral value of the land to which the physical link stand and stand, set, taking account of the requirements contained in the regulations on the procedure for the evaluation of forest stand (hereinafter referred to as the estimated value of the stand). 140. If forest acquisition cost is less than physically associated with stands of the cadastral value of the land and the estimated total value of the stand or if the forest is not bought, but you get the company's property in another legal way and it is not the cost of acquisition, as well as in cases where the value of the forests has increased and it can be assumed that the value of the platform will be sustained, public accounting, the original value of the forest may be revalued in accordance with the stand physically linked land cadastral values and the estimated total value of stand margin, posting respectively named long-term investment revaluation reserve. 141. the initial revaluation of the forest or in a certain value not subject to depreciation. However, if the value of the permanent forest conditions (such as growing sales of forest logging, natural or caused by other natural disasters) is lower than the initial or reassessment of a certain value, the forest and invaluable recording accounting and balance sheet according to the lowest value. The difference in the current reporting year write off the costs, except for the amount of the reduction in disposal of forest value from the previous forest listed in the revaluation revaluation reserve amount. 142. reduction of forest values may be determined on the basis of the regulations made under the forest inventory results, the estimated reduction of stumpage or under the company's accounting policies laid down in the method (for example, in proportion to the developed area or cut the quantity of wood). 143. The forest maintenance, conservation and restoration costs (costs of forestry) comprises all of forest production costs resulting from the growing cycle of the forest (e.g. forest planting, including soil preparation, planting and watering, fire prevention, aparšan, brush cutting, watering, and weeding, security). Forestry costs included in profit or loss in the statement of costs in the year in which they arose. 144. By way of derogation from the provisions referred to in paragraph 143, the company's forestry costs can be attributed to the next financial year or for them to increase the value of the forest, where, in accordance with the accounting policy adopted by the company on this amortization of costs with relevant forestry product sales (e.g. tree nurseries for sale of forest planting stock and cultivation of ornamental trees planted). If the company is acquired or the clearing of the land, not the forest land to these areas afforested, forest planting costs, including soil preparation, planting, watering and similar costs can include stands (COPSE) the production cost. 6.6. The provision of information on animals and plants in the annex to the financial statements. the company, through the application of 145 of the law: 145.1.  52. the first paragraph of article 6, paragraph 1, of the annex to the financial statements provide information on animal and plant accounting, accounting policies adopted and of any material changes to this policy and their impact on the financial statements; 145.2.52 first paragraph of article 7, the financial statements provided in the annex to the said rules of law laid down in the information about the asset composition in animals and plants; 145.3.52. the second part of the case, the assets specified in the composition of animals or plants are revalued in the amounts assessed financial accounts include a table that provides the rules of law referred to in the news; 145.4. the requirements of article 28 where animal or plant breeding cost includes interest received, notes to the financial statements indicates the cost amount of the interest payment. 7. Savings, accounts receivable, accrued revenue, accrued liabilities, contingent liabilities and contingent assets and methods 7.1.146. in applying the provisions of law specified in article 32, the provisions create only if both of the following conditions are complied with (hereinafter referred to as the provision of conditions for recognition): 146.1. the public in relation to specific past events have present obligation over the next few years to make the reporting of known good to another person (hereinafter referred to as the obligation) that is the law, treaty or constructive obligation. For example, in accordance with the law society in relation to the year under review or in a previous reporting years in service is obliged to take to the fixed asset for the fixed asset and the dismantling of the deployment site restoration when this asset will be removed from service, to meet the specific requirements of the nature protection);
146.2. it is expected that these provisions referred to in paragraph 146.1. will be required to an outflow of resources embodying economic benefits and the public can reliably assess (estimate) the obligation to execute the required amount. 147. the conditions referred to in this chapter for savings, evaluation and accounting does not apply to: 147.1. the provision does not secure debts, accumulated depreciation and accumulated write-downs in the value of assets. It lists the accounts and financial statements used in the relevant balance sheet items assets value adjustments at the balance sheet date; 147.2. residential home owner made provision for residential home maintenance in the future and have received cash payments from the apartment owners. In this way receive payments Manager (uptown management law) books of account as advances received. 148. Provision shall be evaluated in accordance with the accounting estimate of the amount that the firm would pay, if justified satisfied the obligation at the balance sheet date alone, or if this date pass this obligation to a third party. Shall not be taken into account in the preparation of estimates revenues that could benefit from the expected disposal of assets (even if this disposal is closely related to a transaction or an event that has been based on the provision in question). 149. Provision is reviewed at each balance sheet date. If the future event resulting in change in the circumstances which gave rise to the current stock assessment, or new information is obtained, the company changed the accounting estimate and adjusted (increased or reduced) the accrual amount. If no longer met the conditions for the recognition of accruals, it turns off. 150. Provision shall be made, including the estimated amount of profit or loss as costs in one year or several years gradually review (depending on the specific nature of stocks). Reduction of stocks or specific stocks off points in the income statement as revenue or as a reduction of the costs involved. 151. If it is expected that with the obligation the expenses reimbursed in whole or in part by a third party (for example, on the basis of insurance contracts, the terms of damages or warranties), do one of the following: 151.1. If you know for certain that when the company will fulfill the obligation, in whole or in part, the expenses will be reimbursed in the amount expected, expenses, balance sheet assets indicate the section "II. customers" as a separate item. The value of this item shall not exceed the amount of the provision concerned; 151.2. If the company is fully responsible for the obligations contained in the obligation, whether or not a third person to pay or not pay those expenses, the company creates provisions for the whole amount; 151.3. If a third party is solely responsible for fulfillment of obligations, the company stocks do not form. 152. If the amount of any expected reimbursement, shall be included in the assets of the balance sheet as a separate item, the profit and loss statement with the savings related to the expenditure and revenue of the to cover the amounts can be specified by selecting one of the following methods: 152.1. separately, including the relevant items of expenditure and revenue; 152.2. net worth (as the difference between expenditure and revenue). 153. the provisions established in the relevant headings indicate the balance sheet liabilities. Stocks lower, of them written down on a specific obligation (certain obligations cover) directly attributable expenses in the year under review, when they occur. Specific provision is used only for the expenses which these savings were established. 154. in the annex to the financial statements provide the Law 52 first paragraph of article 1 the information specified in paragraph about stocking the adopted accounting policies. This provision does not apply to mikrosabiedrīb, which does not prepare notes to the financial statements. 155. the medium and large company notes to the financial statements, in addition to such savings related information: 155.1. envisaged specific liabilities or settlements; 155.2. the reimbursement for the amount and balance sheet assets item in which this amount is included, if you are creating a specific provision, taking into consideration expenses; 155.3. If a certain provision is assessed using discounting, indicates the current value of the stocks and the impact of changes in the discount rate; 155.4. If one and the same due to past events society creates savings and it's also possible, information is provided to show the relationship between savings and possible liabilities. 7.2.156. Receivables and Payables the accounts receivable balances are shown in the balance sheet according to source documents and records of the company accounting records and the compliance (compares) to its customers and vendors, through mutual comparison of balances at the balance sheet date. In cases of dispute, the customer and vendor debt balances are shown in the balance sheet in accordance with the firm's accounting data. 157. where there is doubt as to the reporting year or years the report recognized the recovery of accounts receivable in the current accounting year questionable amount in savings does not secure debts, including the amount at the same time as costs in the income statement. The debt is considered unsafe, for example, if the debtor is in financial trouble and with court ruling declared insolvency, if debt deadlines as well as after the reminder is not paid, if the debtor has challenged the right of collection, as well as in other cases.
158. the provision does not secure debts recorded in the special account in the accounts and the financial statement, use the accounts receivable value adjustment of items at the balance sheet date. 159. The accounts receivable balances are shown in the balance sheet at net value, calculated from the debt carrying the appropriate accounting register data to report unsafe debts generated accrual transactions. 160. If the debt is considered to be bad (lost without hope of ever recovering), written off debts created from unsafe stocks included loss or if you have been provisioned. 161. on the basis of article 52 of the law in the first part of paragraph 1, specified in the annex to the financial statements provide information on the accounting policy adopted for the creation of a provision does not secure debts. This condition does not apply to mikrosabiedrīb, which does not prepare notes to the financial statements. 7.3. Accrued income and accrued liabilities 162. balance sheet under "accrued income" indicates clearly known settlement amounts with buyers and customers for the supply of goods or services in respect of the financial year in respect of which, in accordance with the terms of the contract at the balance sheet date are not yet ripe for the payment source document (invoice) deadline. The settlement amount is calculated on the basis of the price specified in the contract concerned, and actual supply of goods or services supporting documents. 163. The balance sheet item "accrued liabilities clearly known amounts of commitments to suppliers and contractors for the reporting year received the goods or services for which the delivery, purchase or contract of the company or for any other reason at the balance sheet date, not yet received payment for the source document (invoice). These amounts are calculated on the basis of the price specified in the contract concerned, and actual receipt of the goods or services of the supporting documents. For example, this item specifies the obligations to the certified auditor for the audit of the accounting year when the Treaty on the annual accounts audit service is defined as the amount of remuneration payable for the service, but the source document (invoice) for this service are invoiced and received only the next accounting year. 164. The estimated amount of the commitments to staff for the reporting year of accumulated unused leave days in the accounting records of the company at the balance sheet item "accrued liabilities". 165. Mikrosabiedrīb not allowed to list the estimated amount of the commitments to employees for unused vacation days in the year. 7.4. Contingent liabilities and contingent assets 166. Contingent liabilities that could arise from specific past events (for example, the guarantee provided) may not be included in the balance sheet. On the basis of article 52 of the law in the first part of paragraph 2, the information set out in the contingent liability provided in the annex to the financial statements. When appropriate, also indicate the potential financial impact, if any. Mikrosabiedrīb not prepared notes to the financial statements, the information referred to in this paragraph shall provide the balance at the end of a note. 167. Contingent assets, which could lead to specific past events (for example, the intention of the agreement or option) may not be included in the balance sheet. If it is expected that the possible assets the company will receive in future economic benefits, the information on them can provide a management report (if made). 8. Arrangements for the company which is the operator of works or other long-term contract performer, record and evaluate the works contract or other long-term contract-related revenues and expenses 8.1. Works contracts accounting procedures 168. within the meaning of this section: 168.1. construction contract is a contract for the execution of work (for example, the construction of one or more individual design, technological or other reasons, interrelated or interdependent structures of the establishment of the General , placement, reconstruction of such works, reconstruction, restoration, preservation, installation or demolition), environmental restoration, after the demolition of the building or other construction-related services; 168.2. a fixed price contract is a construction contract in which the contract price is not provided for an individual for work performed or pricing change, but in some cases possible to cost increases or reductions linked to the contract price; 168.3. cost plus contract is a construction contract under which the contractor is reimbursed for allowable or otherwise defined costs, together with a certain percentage profit or a fixed (constant). 169. the company, which has concluded a contract for the construction work provided for in the Treaty (hereinafter referred to as contracts) and the implementation of the agreement in one year, but completed in the other one, with the works contract-related revenue and expenses (costs) the books of account in accordance with the procedure laid down in this chapter. 170. This provision in paragraph 169 that company (hereinafter called the contractor) in its accounting, keep separate accounts for each analytical works contract to provide the necessary financial information (for example, works contract total revenue, total costs, estimated from the results of the implementation contract for the start of the recognized revenue, the costs, the estimated profit or loss). 171. If the work contract covers multiple active objects (such as several separate buildings), the accounts of the contractor for each active object manages separate accounts (as for each of them would be a separate works contract concluded), if all the following conditions are met: 171.1. for each of the above items of the assets before the conclusion of the contract works was submitted separate proposals (for example, each of the works provided for in the contract drawn up separate structures directly to the particular construction of the relevant cost calculation (estimate)); 171.2. each of these objects, the works at the time of conclusion of the contract were considered separately, so the contractor and the customer to accept or reject that part of the contract relating to each of them; 171.3. it is impossible to determine with each active object the cost and amount of revenue (for example, on the basis of the conclusion of the works contract and the related cost estimates (them)). 172. the number of works contracts (hereinafter referred to as the public works contract group) the books of account of the contractor together (as if the relevant work would be concluded in one common construction contract) irrespective of whether the individual referred to works contracts are concluded with one or more customers, if all the following conditions are met: 172.1. agreement on the work contract of the group takes place in General; 172.2. individual works contracts are so closely interrelated that they are essentially one implemented in different parts of the project with the total profit; 172.3. this individual works contracts executed simultaneously or sequentially one after the other. 173. If the original works or its amendments provide additional asset creation, customer check the contractor's accounting for this additional asset in the separate accounts, as for this object should have a single works contract concluded, if at least one of the following conditions: 173.1. additional asset by way of outsourcing, technology or function differs from the active object (the asset) What was the original works contract concluded; 173.2. the additional work in the asset price agreed without taking into account the original contract price. 8.2. the works contract total revenue 174. Works in the total revenue of the contract shall include the original revenue (contract price) and its adjustment in connection with: the construction contract 174.1. work (hereinafter referred to as the contract) or due date changes (referred to as outsourcing deviations); 174.2. the amounts that the contractor shall require from the customer or another person as a reimbursement of costs, which are not included in the contract price (hereinafter referred to as the contractor's claim), for example, the Subscriber would be absent, specifications or design error, the deviation of a contested contract work; 174.3. additional amounts paid to the contractor, the client if it is met by the provisions of the Treaty, for example, are being approached or exceeded certain activities (hereinafter referred to as the incentive payment). 175. the Contract includes the construction of deviations in the total revenue of the contract, if the following conditions are met: 175.1. it is expected that the client will accept contract work and revenue adjustment of deviation of the sum of deviations (such as is the ordination of signed documents); 175.2. the contractor can reliably assess the revenue adjustment amount (for example, based on the customer-approved cost calculation (estimate) amendments). 176. The contractor's claim includes the construction contract revenue only when the following conditions are met: 176.1. There have been discussions with the client and it is expected that the customer will accept the claim and the amount of revenue adjustments arising due to this claim (for example, have signed the reconciliation document, respectively); 176.2. contractor can reliably assess the revenue adjustment amount (for example, on the basis of the relevant documents specified amount of harmonisation). 177. the incentive payment include contract works revenue, if both of the following conditions are met: 177.1. is reached a significant level of performance of the contract, therefore, it is expected that the agreement will be fulfilled; 177.2 contractor can reliably assess the amount of the adjustment of revenue arising from incentive payment. 8.3. Works contracts the total cost of the works contract 178. total costs include costs incurred from the time of the conclusion of the contract the construction works until the creation of the asset in the completion and transfer to customer: 178.1. costs that are directly attributable to the construction of the active object (direct costs), for example: 178.1.1. asset creation and monitoring of the construction process of the directly involved staff (staff) costs; 178.1.2.-building materials used, building or tools-cost; 178.1.3. fixed assets used for rent or depreciation and maintenance of used spare parts and materials; 178.1.4. fixed assets and materials used in the transport costs to and from the construction site; 178.1.5. for works contracts directly attributable to design and support costs; 178.1.6. costs related to the savings guarantee obligations incurred; 178.1.7. involved in contract work for third party claims; only 178.2 costs directly attributable to the construction contract provides for an active object (indirect costs), for example: 178.2.1. site maintenance costs; 178.2.2. Design and technical assistance costs; 178.2.3. construction of overhead costs (administration costs associated with the contract work, such as organizing, directing, and labour protection); 178.2.4. get the loan interest if the loan is used to finance the construction; 178.3. other costs that are not directly or indirectly attributable to the construction of the asset, but whose reimbursement is provided in accordance with the specific provisions of the contract works, such as works contract autoruzraudzīb, inspection, with a works contract-related research and development costs. 179. the administration costs that cannot be attributed to the construction of the asset, as well as the costs for which reimbursement is not provided for in the contract works, works not included in the total cost. Aside from these works contract total cost does not include idle fixed assets rent or depreciation, as well as with the sales process. 8.4. the works contract-related revenue and expenditure (cost) accounting procedures and the provision of information in the financial statements of 180. If the execution of the works contract results it is possible to reliably estimate the contractor relating to this contract accounting revenue and expenditure (costs) in the report, taking into account the degree of implementation of the contract at the balance sheet date. 181. A fixed price contract performance results can be estimated reliably when the following conditions are met: 181.1. it is possible to reliably assess the works contract total revenue; 181.2. it is probable that payment in connection with this contract the construction works will be received; 181.3. at the balance sheet date are possible and reliably works contract costs to complete and its degree of implementation; 181.4. it is possible to clearly identified and measured reliably works contract the actual costs, so they can be compared to previous estimates. 182. the cost of the contract plus performance results can be estimated reliably when both of the following conditions are met: 182.1. it is probable that payment in connection with a works contract will be received; 182.2. it is possible to clearly define and measure reliably the cost of this works regardless of whether they apply to works contracts laid down in the active object or covered under specific provisions of the contract works. 183. the degree of fulfilment of the Contract at the balance sheet date is determined using the percentage method. Under this method, the contractor: the relevant report years 183.1., which are made in the contract works contract, with the agreement of the works-related revenue into line with the costs that were incurred in order to achieve a certain degree of implementation of the contract; the current 183.2. profit and loss statement include: 183.2.1. the works contract concerned total revenue share, which corresponds to the current accounting year, the finished part of the work under contract and the total contract work to the degree of enforcement of the launch date to the balance sheet date; 183.2.2. the works contract costs that relate to the current accounting year completed contract work; 183.3. estimated the expected loss amount shall be included in the statement of income in the reference year, when these estimated losses, if the works contract is expected to total cost overrun over the total revenue; 183.4. works contract costs that relate to future performance of this contract, if the customer is expected to pay these costs in subsequent years, the report indicates the balance of assets under "progress and order". 184. using the percentage method, the degree of fulfilment of the contract shall be determined as follows: the value of the contract work performed 184.1 (physical volumes or on the basis of the agreed contract amount) that resulted from the construction of the conclusion of the contract or from the date of commencement of work under contract, up to the balance sheet date, apply to works contracts the total work value of balance sheet date (if this amount is changed, the amount specified to the latter); 184.2. works contract costs, resulting from the construction of the conclusion of the contract or from the date of commencement of work under contract, up to the balance sheet date, apply to works contracts amount to the total cost of the balance sheet date (if this amount is changed, the amount specified to the latter). 185. The adopted work way of calculating the percentage used consistently by the contractor (permanent), except when the significantly changed circumstances justify the methods. This change is considered a change in an accounting estimate and provide information in the notes to the financial statements. 186. the amount that the customer owes in connection with contract work completed by the contractor in its portion shown in the balance sheet where the accounts receivable item. If there is doubt as to the contractor that will receive the amount that the reporting year or reporting years was included in revenue related to the outsourcing of parts and complete the item receivable, doubtful about the amount of reserves in unsafe pursuant to this provision show 157. point.
187. If the contractor's financial obligations to the customer, for example, due to the amount of advance payment received or calculate the penalty, he indicates in its balance sheet in the accounts payable item. 188. If the execution of the works contract results it is not possible to estimate reliably the 183. these rules and work referred to in paragraph 184 of the percentage of completion method may not apply. In this case the contractor: 188.1. associated with a works contract revenue is recognised only on so much of the amount by which the estimated figure of works contract costs; 188.2. with a works contract costs include the profit or loss of the cost in the year in which they arose. 189. If the expected construction costs will be greater than expected for the same total contract revenue or Subscriber is not expected to pay the total cost of the works contract (for example, if the works contract is in doubt, legal force when the Contracting Parties or one of them can not perform the works contract obligations), the estimated amount of losses expected in the reference year, when these estimated losses and created the provision, included in the income statement under the item the cost. This also applies to the execution of the contract, which provided for in contract work has not yet started. 190. To quantify the works contract revenue and costs to be included in the operating profit or loss, the contractor shall prepare the accounting estimate. Change in accounting estimate, if changes in the works contract for the total amount of revenue (for example, due to the amount of the correction) or works contract amount for the common costs. Change in an accounting estimate the financial impact of the report reflect this provision in paragraph 44.
191. the contractor with works contracts related to the current revenue of the reporting year specified in the income statement under "Net turnover". The works contract-related costs for the year shown in the profit and loss statement under "production cost of products sold, goods sold or services provided the cost of the acquisition" (if using the income statement scheme expenditure classified by functions). 192. If the contractor for works execution contract used for the determination of the percentage method, he recorded in his accounts in accrued revenue until the work is signed acceptance report (if the law or the contract provided for the construction works). Then the contractor prepares the client settlement accounts for the source document (invoice) and on the amount of the principal debt recorded. At the same time he adjusted the amount of accrued revenue amount. For the works contract costs reduces unfinished orders payable account balance. 193. If the contractor for works execution contract used for the determination of the percentage method and on the balance sheet date a Subscriber receives a payment for the amount exceeding the amount of revenue recognized outsourcing, he in his book according to the stated difference recorded in the deferred income, which is then recognized in revenue under this provision and paragraph 183.184.
194. The contractor shall provide the financial statements: 194.1. Article 52 of the law part of the information referred to in paragraph 1 (for the works contract revenue accounting policies adopted for the calculation of any material changes to this policy and their impact on the financial statements); 194.2. gather financial information about the incomplete works contracts from the date of closing up to the balance sheet date: 194.2.1. total costs incurred; 194.2.2. the total amount of revenue; 194.2.3. the estimated total losses expected (if any); 194.2.4. advance received from customers in the total amount of payments; 194.2.5. the principals of the total amount of payments (if any) (the principal settlement in the justification documents (invoices) amount that the client has not paid because of failure to comply with the conditions laid down in the contract works or not remedied the deficiencies noted). 8.5. Other long-term service provision contracts 195. Company, which has concluded a contract for the provision of the other, which is not related to construction (for example, financial information systems implementation, project manager for information technology services and systems or services in the field of architecture), and in the provision of services provided for in the agreement on the implementation of the project commenced in one year but completed in the other one, with this contract revenue and costs related to accounting records and provides information in a financial statement by applying the procedure laid down in this chapter.  9. Research and development activities and society create the intangible investment conditions inappropriate classification of case identification of intangible financial report 196. The costs incurred by the public with the research or development activities or new intangible investment object (such as a software program or trademarks) created a research project or development stage, usually do not meet the statutory classification of intangible investment criteria. Therefore, the costs, except those provisions referred to in paragraph 202. development costs are written off in the year under review when they arose, including the year's profit or loss. 197. the research activities consider: 197.1. measures aimed at the acquisition of new knowledge; 197.2. research findings or other knowledge of search, evaluation and final selection; 197.3. materials, devices, products, processes, systems or services search for alternatives; 197.4. new or improved materials, devices, products, processes, systems or services the formulation of alternatives, development, evaluation and final selection. 198. On development measures: 198.1. pre-production and pirmslietošan of prototype and model development, design and testing; 198.2. with new technologies related to the use of tools, equipment, templates and color; 198.3. pilotiekārt, which does not correspond to the size of the economically justified for commercial production, the construction and operation; 198.4. new or improved materials, devices, products, processes, systems or services selected alternative development, design and testing. 199. Of new intangible investment object is created the research phase of the project is considered the original and planned investigation, which is being carried out in connection with this project. 200. On the new object of intangible investment phase of development considers the results of the research phase and other knowledge, the development of prototypes or samples or other steps required before new intangible investment completion and use of the object. 201. If the company new intangible investment object creation project research phase cannot be dissociated from the development phase, it is assumed that all costs resulting from the research and development stage are incurred exclusively in the research phase of the project. 202. The costs incurred by the development or new object of intangible investment (hereinafter referred to as the new object of intangible investment) project development phase (development costs), meets the intangible investment conditions and classification they can be included in the balance sheet under "development costs" only if all the following conditions are true: 202.1. technical justification that the new object of intangible investment in planned development activities can be completed so that the asset is available for use in the company's own requirements or for sale; 202.2. the company intends to complete the new object of intangible investment and use the company's own requirements or sell; 202.3. the company can demonstrate that it is possible the new intangible investment object to use the company's own requirements or sell; 202.4. the company can demonstrate that the economic benefits of new intangible investments or sales items will be received in the future (for example, the existence of that object's sales market, or if this object is intended for use within the society – its efficiency); 202.5. the public shall have access to appropriate technical, financial and other resources to new intangible investment object and use the company completed the same needs or sold; 202.6. the company can reliably assess the new object of intangible investment costs of development. 203. where there is doubt as to whether the assets that the company purchased simultaneously with the asset, intangible investments meet the classification criteria, whether the fixed asset can operate without the asset. For example, a specialized computer program that provided the technological equipment or computer without the computer programs can not run, is this technological equipment or computer (fixed asset) form an integral part. If a computer program is not in question form an integral part of the fixed assets, then this software is to be considered as intangible investment object. 10. Inventory accounting and valuation methods and procedures for financial reporting specifies the associated costs and changes in the value of inventory 10.1 General questions this Chapter 204. items the specified accounting arrangements apply to the public ownership of the goods for sale (such as retail or wholesale goods, land or other real estate objects, as the public owner held for resale in the normal operating cycle), finished or unfinished products or orders as well as raw materials, basic materials and consumables intended for use in the production process. 205. In this chapter, the items on the specific accounting procedure does not apply to: 205.1. balance sheet under "progress and orders" and covered with the execution of the works contract costs that relate to future performance of the present agreement, and that this provision is assessed in Chapter 8 in that order; 205.2. balance sheet item "advance payments for stocks." This item indicates the relevant persons (suppliers) of supplies in the amount of advance payments made; balance sheet item 205.3. "animals and plants" apakšposten "animals and annual plantings". This apakšposten specified in the inventory of assets and evaluate these provisions in Chapter 6, in that order. 10.2. item 206 of the original value of the items originally assessed. According to the acquisition cost or production cost (hereinafter referred to as the initial value of the stocks). 207. item acquisition costs shall include goods or services the purchase price (less any discounts received), plus the additional costs related to the purchase, if any (for example, customs duty and other related purchases non-deductible taxes and fees, shipping, handling or other charges). 208. item included in the production cost of raw materials and consumables, acquisition costs and other expenses, such as direct labor costs (wages and salaries of employees and salaries related to these State social security payments), freight, handling and other costs directly related to the inventory unit of production or manufacture. 209. the production cost of the item can also include the cost of the parts that are not directly related to the inventory unit of production or manufacture (for example, control of production and service workers, technicians, engineers, maintenance guy and another employee wages and salaries related to these State social security payments, production building and equipment depreciation and maintenance (repair and maintenance) expenses, production space heating and lighting costs , rent and insurance payments, aid of general interest), unless these costs are attributable to the same time period. 210. item initial value shall not include the following: 210.1. costs that exceed normally spent material, labour, or other production costs; 210.2. storage costs, unless those costs are necessary in the production process before the next production phase; 210.3. administrative expenses not related to the delivery of items of their present location and condition; 210.4. cost of sales. 211. the item production or creation of the interest on loans received, in so far as they relate to the production or creation of the period allowed to include the item cost of production, if the period of time required for a specific item and the production or preparation of the intended use or sale are relevant (for example, received loan interest can be included in the production cost of the apartment house where the owner of the building for sale). 212. If the item of the production process is short, regular and provides a large number of units of the item produced or if the items are already at the time of purchase is ready for its intended use or sale, then the received loan interest cost is not included in the inventory. 213.210.212 of these provisions and the costs referred to in paragraph included in the profit and loss statement in which they arose. 214. With production costing the General rules are the following: 214.1. item production cost consists of direct and indirect production (goods, unfinished product and order) the cost of production; 214.2. direct production costs are costs that are directly attributable to the production (for example, the direct material cost, direct staff costs, subcontracting production work carried out or services); 214.3. indirect production costs are costs incurred in production during production and is not directly attributable to the production (e.g., production management and service staff employed in fixed costs, maintenance expenses, repair costs and depreciation, production space heating and lighting costs, rental fees, insurance payments); 214.4. indirect costs of production in the manufacturing overhead allocated fixed costs that remain relatively constant regardless of the volume of production or downtime of the production process (for example, factory building and equipment depreciation and maintenance, production management costs), and production overhead costs in variable that varies depending on the production volume changes (for example, the indirect cost of materials, indirect personnel costs); 214.5. indirect production overheads fixed costs attributed to a particular type of production production cost, based on the normal capacity of the production equipment, which is the output of the production, which is expected to be achieved on average over a number of years or seasons under normal circumstances, taking into account the loss of capacity planned maintenance measures. May be based on the actual production volume if it approximates the normal capacity; 214.6. indirect production overheads amount to fixed costs allocated to each unit of output, production increased reduction of production or downtime. Do not apply overhead costs are recognised as an expense in the year in which they arose. Review of the years when production is unusually large, indirect production overheads amount to fixed costs allocated to each unit of output, reduced; 214.7. indirect production overheads variable costs attributed to each unit of output produced, based on the actual use of the equipment of production intensity.
215. If the production process at the same time produces more than one product (for example, basic products and by-products) and production cost for each product is impossible to list separately, these products cost, you can calculate the total cost of manufacturing of the rational and consistent distribution between these products (for example, based on each product's relative sales value of the stage of the production process when products become separately identifiable, or production stage). If a by-product in nature is irrelevant, it may be estimated net realisable value, but basic to appreciate the difference between the total cost of production of products and by-products to the net sales value. 216. If the company, which is a specific service provider, calculates the cost of each service provided, for example, to determine the price of the service, the company said each service is listed as a separate item, its unit cost calculation by applying the procedures in this section. 10.3. further assessment of stocks after the initial value and the use of the item 217. the balance of the cost of acquisition or production cost is used for determining the weighted average price method or the "first in, first out" (FIFO) (hereinafter referred to as the inventory value of use and residue detection methods). A method of "first in, first out" (FIFO) are based on the assumption that the items of inventory which were purchased or produced in the first are sold or used up first. Therefore the units remain in the inventory balance at the end of the reporting period are those purchased or produced. The weighted average price method is the use of the item and the balance of the value of the method of application of each item unit cost shall be determined on the basis of similar items of inventory weighted average cost at the start of the reference period and the period purchased or produced a similar item unit cost. The company uses the same inventory utilization and balance method of determining the value of any similar type and usage. 218. the inventory value is adjusted to the balance sheet date, they should be evaluated according to the acquisition cost or production cost or lower market prices at the balance sheet date, depending on which of these indicators is lower, or in special cases, other lower value. For example, damaged or obsolete inventory and inventory units that significantly increases the production cost of sales completed or assessed according to net realisable value (calculated as the estimated sales price, and estimated completion and sales cost difference). 219. If a particular item is not possible to evaluate the unit net selling value separately from other similar stock units (for example, they belong to the same product line, which produced and marketed in the same geographic market), they may appreciate the net realisable value, combining similar items through unit groups. 10.4. the value of the item and specifying the use of a financial statement item, including 220. net realisable value estimated the value of the item, unit tested at each balance sheet date. The amount by which the item unit made write-down to net realisable value, as well as all other inventory impairment adjustment amounts recognised as expenses in the year under review, which found the value of the item. 221. If conditions exist that cause the value of the items was reduced, or if compared to the previous reporting year has increased the specific inventory unit of net sales value, the corresponding inventory value reduction of the amount of the adjustment shall be repealed when posting the inventory cost reduction in the reference year where inventory impairment amount canceled. 222. the inventory units sold, the carrying amount is recognised as costs in the year under review, which found sales of the stocks concerned. 223. The carrying amount of the item, which spent the same public asset (such as fixed assets, raw materials used to create materials and consumables costs), including the cost of production of an item of property. The value of the stocks is included in the income statement expense items for items of property concerned the useful life and the calculation of the profit or loss including fixed asset the annual depreciation amounts. 10.5. Providing information about items in the annex to the financial statements. in applying the law 224 52 first paragraph of article 1 of the requirements, the financial accounts provide information on inventory accounting in accounting policies adopted, including on each type of inventory items used and the balance of the use of the method of determining the value, as well as any significant changes (if there were) inventory accounting in the accounting policies adopted and their impact on the financial statements. 225. Pursuant to article 28 of the Act, if the requirements of item production or public establishment received loan interest is included in the production cost of the stocks concerned, in the notes to the financial statements indicates the interest included in the production cost. 11. Procedure for assessment and financial report indicates the financial lease and operating lease transactions 11.1. Finance leases and operating leases accounting General issues 226. In this chapter, financial leasing and operational leasing for the accounting arrangements apply for land, buildings and engineering structures, technological equipment and devices, as well as other fixed assets (hereinafter in this chapter – active) that "the specific rental transaction.
227. the meaning of these provisions: 227.1. lease is a contract under which the grantor for remuneration in the form of rent grants the lessee the right to use an asset by the time period established in the Treaty; 227.2. have the lessor leases the participant who holds the active and who give the lessee the right to use the asset; 227.3. tenant's lease transaction participant who obtains the right to use an asset lease agreement terms; 227.4. leases the launch date is the earlier of the two following dates: 227.4.1. date of signing the lease agreement; 227.4.2. date on which the lease Contracting Parties agreed on the main terms of the lease; 227.5. lease term start date is the date by which the tenant is entitled to use the leased asset. This is the original registration date of the lease for the lessee's accounting (leased asset, liability, as well as rental revenue or expense recognition dates, such as the date a document is received by the source hired active);
227.6. leases is the period to which the lessee has entered into a contract for the lease of assets, as well as all future periods in which the lessee has the option to continue an active lease with or without further payment, if the date of the commencement of the lease, there is reasonable assurance that the lessee will use this option; 227.7. minimum lease payments are the payments by the tenant during the lease term, which he is obligated to pay, except for the additional rental charges as well as charges and taxes, which are the responsibility of the lessor to pay and for which the tenant to pay the landlord. 228. If the lease agreement or other arrangement between document includes provision for lease payment adjustments, then consider such rent payment adjustments have taken place on the date of commencement of the rental. In such a case shall be adjusted accordingly the original value of the asset. 11.2. the classification of leases 229. Lease classification is based on the leased asset property rights inherent risks and rewards between the lessor and the lessee. Risks include active possible downtime or technological obsolescence would cause losses and the possibility that the changed economic conditions affect the capacity or the asset will decrease the intensity of use. 230. Rental transactions listed and indicate the financial statement according to the classification of the lease. 231. the classification of operational lease or finance lease leases of fixed content and substance, not merely the legal form of a lease. 232. A lease is classified as an operating lease or a finance lease its launch date. If a lease is classified as a finance lease, the lease term beginning balance amounts to be recognized. 233. A lease is classified as a finance lease if it essentially transferred to the lessee all the property-specific risks and rewards and if it meets at least one of the following conditions: 233.1. leased asset property rights will be transferred to the lessee at the end of the lease term; fundamental 233.2. leases include most of the useful life of the asset, even if property rights are given; 233.3. leased assets are so specific that they do not convert, is entitled to use only the tenant.
234. As a finance lease is also active in the rental agreement with the purchase, which includes a provision that allows for execution of the hirer to certain conditions, to obtain the active property rights.
235. A lease is classified as an operating lease if it does not transfer ownership to the lessee all the risks and rewards of the representative. 236. A lease is classified as an operating lease if the lease meets this provision in paragraph 233 above, but there are signs that hiring an asset, but not substantially all the property rights inherent risks and rewards. 237. If the lease term the lessee and the lessor agree to amend the lease rules in such a way that the lease is classified differently if the amended rules should have been in force at the date of commencement of the lease, then the revised contract is considered a new agreement this new agreement term. If the changed estimates (e.g. estimated useful life of the leased asset or the residual value estimates) or circumstances (for example, the tenant defaulted), new lease classification is made. For example, operating leases are not reclassified as a finance lease if the leased asset is reduced useful life estimate and therefore leases include most of the useful time.
238. The land, building and civil engineering works considered as separate leased assets. If it is intended that the end of the lease term the leased asset property rights over to the lessee, the lease is classified as a finance lease, except from other conditions is not saying that the lease essentially without transfer of leased assets property rights-specific risks and rewards. 11.3. Finance lease the lessee's financial statements of 239. If the lease is classified as a finance lease, the lessee shall recognize the long-term investment of leased assets in the balance sheet under the item concerned and the same amount is recognised in the long-term and short-term liabilities to creditors. 240. If the initial direct costs that are directly attributable to the activities of the lessee in relation to finance lease (for example, in relation to harmonization and agreement on the lease), are included in the initial value of the leased asset, with the related finance lease balance sheet assets and liabilities will be equal amounts. 241. in addition to the rental payments (e.g. interest) are to be paid in the year in which they are incurred.
242. the depreciable Leased assets the same depreciation method, which is defined in the tenant-owned fixed assets.
243. If there is no reasonable assurance that the lessee will obtain ownership by the end of the lease term, the balance sheet value of the leased asset entirely scrapped, calculating depreciation for the lease term or the useful life of the leased asset, depending on the time, whichever is shorter. 244. Leased assets whose value is impaired at the balance sheet date, valued at a lower value and impairment adjustments included in the statement of income in the reference year, when such reduction is found. 245. The lessee financial accounts as a finance lease gives the Law 52. the first paragraph of article 2 of the above information. 11.4. Operating lease, the lessee's financial report 246. Operating lease payments, as well as with related leased assets of insurance payments for the leased asset maintenance expenses and other similar expenses during the term of the lease is recognised as costs in the year under review, when they arose. 247. If the tenant rental has made investments in assets (for example, reconstruction, improvement or restoration), then such costs are recognised in the balance sheet item "long-term investments leased assets and calculate depreciation during the lease term. 248. The lessee notes to the financial statements for operating leases Act article 52 provides the first part of the information laid down in paragraph 2. 11.5. A finance lease the lessor's financial report 249. finance lease the lessor in the leased assets at the beginning of the lease term is presented in the balance sheet as receivables respectively a long-term investment or in respect of current assets, with a separate indication of amounts receivable and payable during the year more than one year after the balance sheet date. 250. The lessor for financial leases minimum lease payments received amount decreases referred to in the preceding paragraph the accounts receivable balances. In addition to the rental payments (such as interest) include revenue in the reference year in which they are incurred.
251. The renter in the annex to the financial statement on finance lease law provides the first paragraph of article 52 of the information specified in paragraph 2. 11.6. Operating lease the lessor's financial statements of operational lease leased 252. assets balance sheet assets indicate the lessor according to the type of the leased asset. 253. The lessor operating lease income lease term is recognised as revenue in the income statement.
254. the depreciable leased assets the same depreciation policy, as is the case for other similar fixed assets.
255. If the value of the leased asset is impaired at the balance sheet date, it evaluates according to the lowest value. The value of the leased asset reductions included as expenses in the income statement.
256. The renter's financial statements annex on operating leases Act article 52 provides the first part of the information laid down in paragraph 2. 7.3. transactions of sale and leaseback transaction with 257. Sales leaseback (hereinafter referred to as the reverse lease transaction) is related to the sale of assets and the same Active leaseback. Accounting of lease transaction feedback depends on the underlying lease transactions.
258. If the lease transaction feedback results in a finance lease, the: active seller 258.1. any active surplus sales proceeds over the carrying amount of the asset is considered deferred revenue, which gradually during the term of the lease include a given reference period in revenue;
258.2. evaluate the assets according to the lowest value, if the value of the asset is impaired at the balance sheet date. Lower valued asset reductions included as expenses in the income statement.
259. If the lease transaction feedback results in an operating lease, the asset seller any sale of this asset-related gain or loss shall be included in the income statement in the year in which they are incurred.
260. In this chapter, the specific disclosure requirements also apply to leases of feedback. 12. The order in which the equity items of the financial statements indicate individual companies, farmers and fishermen holding 261. the procedure laid down in this chapter apply to individual companies, farmers and fishermen of the holdings covered by the Act or who has voluntarily chosen to prepare an annual report, pursuant to the law provisions (hereinafter referred to as the individual company). 262. The individual company sort of double-entry accounting system. The individual business owner lists accounting: 262.1. their property (e.g., money, other movable and immovable property) used in operating activities (hereinafter referred to as the commercial activity of means used); 262.2. economic transactions; 262.3. economic activities associated with the revenue, expenses, claims and liabilities amounts. 263. In accounting is not the property of the individual business owner, part of which is used for carrying out economic activities. 264. The individual company balance sheet assets indicate economic activity means (hereinafter also – active) balances at the balance sheet date. Balance sheet liabilities indicates economic activity in the source of the funds used (hereinafter also – passive) balances at the balance sheet date. 265. on the commercial activity of the means used to obtain or own assets (such as fixed assets) this provision in paragraph 261 of the individual accounts of the companies initially valued at cost of acquisition or production cost (hereinafter referred to as initial value). 266. If an individual business owner business activities as asset investing (from use) of personal property purchased or created before the commencement of business, giving the property to the acquisition or creation of expenditure amount to its acquisition or creation time received source documents, then the initial value of fixed assets is considered the residual value of that property on the date when it invested (by) economic activity. The residual value is calculated by deducting from that property acquisition or creation expense amount (based on the property the acquisition or creation of the received source documents), the amount of depreciation calculated for years, before such property as fixed asset investment (from use) economic activity. 267. If the economic activity is not invested fixed asset acquisition or creation of the document or if the asset is acquired in succession or restoring ownership, individual business owner can independently choose to list only such assets in kind (including accounting records without evaluation in monetary terms) or evaluate in monetary terms and specify the balance. Assessing the monetary value of the original asset is determined: 267.1. the value in the inheritance receipt supporting document; 267.2. value that by 31 December 2006 restoration of ownership for a specific building or structures based on the State land service physical inventory value; 267.3. the real property cadastre value; the asset 267.4. market value at the date when it is evaluated. 268. If an individual business owner after they set up for fixed asset acquisition, the received State, local, foreign, European Union, other international organisations or institutions financing or if the asset received as a gift or purchased from donations or gifts of money received, the original value shall be determined by applying the provisions of Chapter 2. 269. The individual company is not the subject of the following balance sheet items: 269.1. "stock (share) premium". Individual enterprise in its balance sheet this item is not included; 269.2. "reserves". Individual company on its balance sheet does not include any of the subparagraphs above this item reserves. 270. The individual balance sheet items the company "long term investment revaluation reserve" or "fair value of financial instruments" include in its reserve in the balance sheet only if the application of the law provided for under Chapter VI of the BSI assessment alternative options is overestimated, according to higher asset value or financial instruments measured at fair value. 271. The individual company balance sheet item "shares or capital (share capital)" specifies the accounts "economic capital". 272. Launching the economic activity and the original open accounts that are listed in the economic capital, individual company as this account balance indicates the amount corresponding to the value of the property, which is intended or used for the performance of economic activity and by launching economic activity, were counted in the law "on accounting" procedures specified and included in the inventory list. 273. The individual business owner, in addition to the reporting year can invest the resources (such as money or other movable and immovable property), economic activity (hereinafter referred to as personal investments) or withdraw funds from operating activities to use for personal needs (hereinafter referred to as the personal needs of the removed features). Personal investment and personal needs funds withdrawn during the year accounted for accounting registers for this purpose open separate accounts, or two separate accounting accounts. At the end of the year, these accounts shall be closed, with the portions listed amounts to the following accounts: personal investment of 273.1. amount shall be carried over to the accounts that are listed in the operating funds; 273.2. personal needs funds withdrawn from the account balance of a copy, which lists the previous years retained earnings amount, but if this amount is not sufficient, the remainder written off from the account that is listed in the economic capital; 273.3. If personal needs removed fixed asset that was previously invested in economic activity in the net book value of fixed assets written off from the account which lists operating capital. 274. The individual company balance sheet item "profit or loss for the financial year" indicates an amount equal to the profit and loss statement under "profit or loss for the financial year amount." If this income statement item is negative, the balance sheet also indicates a negative number. 13. The order in which the financial statement prepared by the company, which does not correspond to the going concern principle 13.1. General questions 275. the company does not comply with the going concern principle, if the reference year or the preparation of the financial statements: 275.1. adopted the public, members or shareholders (hereinafter the participants) meeting, the commercial register or the decision of the tax administration or the Court ruling on the termination of the company; 275.2. gone statutory deadline (when the company was founded for a specified term) or have achieved the objectives set out in the statutes of the company (if the company was founded by specific objectives) and members of the public have not adopted a decision on the continuation of the activities of the society or reorganization; 275.3. the winding up or liquidation of the company further. 276. If the company is dissolved and its liquidation takes place, prepare the activities of the closing financial report (hereinafter referred to as the closing financial report). The following are the closing financial report forms liquidation begins: 276.1. financial report, which is prepared by the claims of creditors of the logon expiration. This report shall be drawn up to clarify the liquidation value of the assets of the company and the amount of the claims of creditors, as well as the amount of capital liquidation on the date that the claims of creditors login; 276.2. financial statements of the company in liquidation, which prepares for the accounting year in which the winding up started, as well as for each subsequent accounting year, which initiated liquidation continues. On the financial statements of the company in liquidation subject to the statutory financial statements, in so far as it can apply to a society that does not match the going concern principle, as well as the statutory financial reporting, submission and publication procedure. In preparing the financial statements of the company in liquidation, take into account the opening of winding-up of financial statement data and information on financial transactions that occurred up to the end of the reporting year; 276.3. wound up closing financial report, which is produced in the last year after meeting the claims of creditors or their cash for the deposit and the cost of liquidation. To salvage the closing financial report covers commercial and accounting regulations governing the examination and submission of a specific order.
277. the start of liquidation and winding-up of financial statement closing financial report consists only of balance sheet and profit and loss statement. The financial statements of the company in liquidation, which prepares for the accounting year in which the winding up started, as well as for each subsequent accounting year, which continues in the liquidation, made up of the same components of the financial statements, from which the composition of the relevant public financial reports. 13.2. All types of closing financial reporting procedures all the way to closing 278. financial report balance sheet asset items assets items contained and other companies owned by the corporeal things, as well as intangible investments and other intangible (if any), long and short term financial investments (property object) evaluates the amounts corresponding to the property object their estimated net sales revenue. 279. The expected net sales revenue is calculated as the difference between the property object, estimated sales price, and estimated the direct cost of sales of the object (for example, site preparation for sale, brokers and other intermediaries ' commissions). Property objects, which may be sold only after the completion of the production process (such as progress), the net sales revenue is calculated as the difference between the estimated sales price and sales for completion and the estimated costs. 280. All the way to the closing balance sheet of the financial statement items of the assets contained in the claims, including those incurred in connection with a works contract, also deferred expenses and accrued income (if any) evaluate according to the amounts that you receive is not in doubt (which it will be possible to charge). 281. All manner of closing balance sheet liabilities for financial statement items, also contained provisions, deferred income and accrued liabilities (if any), as well as the obligations arising from the liquidation of the public (for example, to employees in connection with labour relations, against business partners due to breach of contracts concluded), assessed according to the amounts of a size consistent with the creditors and which are obliged to cover. If the creditor's claim is controversial, the amount due to the vendor according to assess the assets of the company's accounting data. 282. in paragraph 278 of these rules may not apply, if the individual is terminated, the company, farmers and fishermen, farm property, and not for the sale of the object, because it is not required to satisfy the claims of creditors, but any property (including commitments) according to the law governing the termination of the undertaking concerned and the ECSC in liquidation, taking over the company, farmers and fishermen holding the sole owner or another person. In this case, the closing of the financial statements the balance of the assessment value is applied in accordance with the accounting data, if such an evaluation order complies with the decision on the establishment, farmers and fisherman's farm operations. 283. All the way to the closing of the financial statements of the value of the property object and does not include the amount of the claim to be charged as expenses in the income statement. If the property object is overrated, the highest value and its value changes still are included in one of the revaluation reserve of equity, the value of the amount of the reduction be scrapped first used the revaluation reserve, profit and loss statement including not only from the revaluation reserve surplus amounts written off. If the above steps still remained in the balance of the revaluation reserve, reclassified as revenue in the income statement. 284. All manner of closing balance sheet financial statement equity, excluding profit and loss calculation result, reassembled in the named item in the "winding-up capital". Profit or loss calculation result indicates the item "profit or loss for the financial year". Limited liability companies and companies with limited liability item ' capital of liquidation "the sum of the paid share capital amount reduced by the company's own shares in the property or part of the amount, the amount increased or decreased on shares (share) the premium or the amount of nocenojum, as well as profit-sharing and the reserves created by the previous years retained earnings or loss balance outstanding. 285. Winding up the closing financial report balance sheet assets in the relevant headings (for example, items, money) shows the balance of the assets (if any) after meeting the claims of creditors or their cash for the deposit and the cost of liquidation.
286. the closing of the liquidation balance sheet liabilities of a financial statement item "winding-up capital" indicates the amount corresponding to these things and of members of the public come and taken as the basis for the company's remaining assets for the preparation of the distribution plan and the liquidation quota calculation. 13.3. additional information in the annex to the financial statements of 287. If the financial statements are prepared based on the going concern principle, this fact reveals the start of liquidation respectively to the financial statements or in liquidation of the company notes to the financial statements (if the liquidation of the company is obliged to prepare such), as well as the reasons why it is considered that the public does not continue to run. 288. the start of liquidation or liquidation of a financial statement of the company financial statements (if the liquidation of the company is obliged to prepare a) provides detailed information about the damage caused by the decline in the value of assets the company's dissolution, specifying the grounds for calculating the amount of loss (for example, assumptions, methods, estimates used in the evaluation of certain balance sheet items) and the impact of those losses that financial statement items. 14. The procedures for preparing the financial statements for the period shorter than the reference year (interim report) 289. This section of the interim report prepared in accordance with the procedure laid down by the public only, which corresponds to the assumption that the company will operate in the future. 290. the meaning of this chapter an interim period is shorter than the period of time during the reporting year the law "on accounting". 291. An interim report within the meaning of this chapter is: 291.1. Commercial Law economic activities referred to in the report, which is prepared in connection with the increase of the share capital: 291.1.1.; 291.1.2. extraordinary dividend; 291.1.3. the reorganization; 291.2. public entities part of the capital and Corporation management interim report referred to in the law; 291.3. The law on the financial instruments market this interim report, which prepares the Corporation that is not required to prepare consolidated financial statements and the transferable securities of which are listed on the regulated market of the Republic of Latvia, but not included in the official list. 292. in this chapter on interim reporting can also be used in other provisions of this paragraph do not these 291 cases, without prejudice to other laws or obligations between the parties (for example, between the customer and the credit institution). 293. the interim report of the company consists of an interim financial report and the interim management report. 294. Mikrosabiedrīb that the preparation of the annual report uses a statutory exemption from the management report, the interim report consists only of an interim financial report. 295. in addition to the provisions referred to in paragraph 293. interim report of the ingredients may also include other components, if provided for by special laws (for example, public people's capital shares and enterprises management in the law or the law on the financial instruments market this statement of management responsibility), or if it stems from their mutual obligations. 296. the composition of the interim financial report: average and large 296.1. society as well as public persons and private corporation public corporation – from balance sheet, income statement, cash flow statement, statement of changes in equity and notes to the financial statements; 296.2. small public, which is not a public person Corporation or private corporation to the public – at least from the balance sheet, income statement and notes to the financial statements; the mikrosabiedrīb of 296.3. which is not a public person, Corporation or public and private corporation which uses a statutory exemption from the annex to the financial statement preparation, at least from the balance sheet and profit and loss statement. 297. Interim financial report: 297.1. preparation of the balance sheet, each item indicates the amount of the balance at the end of the interim period and compared to the previous reporting year; 297.2. preparing profit and loss statement, each item indicates the amount recognised in the current reporting period from the beginning of the year until the end of the interim period, and compared to the corresponding items of the specified revenue, cost, profit or loss amount for the preceding accounting period for which the information to be prepared; 297.3. preparing the cash flow statement, each item indicates the amount recognised in the current reporting period from the beginning of the year until the end of the interim period, and compared to the relevant items the specified cash receipts, expense or balance amount in the previous financial year, the period for which the information is to be prepared; 297.4. preparing the statement of changes in equity, each item indicates the changes found in the current accounting period of the beginning of the year until the end of the interim period, and compared to the corresponding items of the indicated changes in the equity of the previous financial year, the period for which the information is to be prepared; preparing ingredients, 297.5. item that does not contain a number, indicate only if the previous reporting year (balance) or the preceding accounting period (profit and loss statement, cash flow statement, statement of changes in equity) has been the appropriate item with a number.
298. This provision of the information referred to in paragraph 297, which provides interim financial reporting comparability of data with previous data at the end of the year (balance) or the preceding accounting period (profit and loss statement, cash flow statement, statement of changes in equity), you can provide the relevant interim financial statement and, if necessary, the interim financial statements. 299. the Interim financial statement recognition and measurement of items in the General rules are the following: certain economic transactions 299.1. type one and the same accounting policies used in the whole of the year. To comply with these conditions, the interim financial statements use the same accounting policies used in the financial statements of the previous year. From that condition may depart only if specific accounting policy changes made after the previous financial year and not later than the end of the current accounting year; 299.2. interim financial reporting, in respect of the same Act under certain general principles, for the annual financial statements; 299.3. revenue and costs assessed on the basis of the interim data and using the information available in the interim financial statements;
299.4. revenue during the year not each receive a month or a quarter, but seasonally, cyclically, or occasionally (for example, income from dividends, royalties, State aid, seasonal sales or seasonal services), the interim financial report recognised when they occur; 299.5. costs incurred during the accounting year are not smooth (such as long-term investment value adjustments, asset depreciation and intangible investment write-down of items, stocking), including interim costs, if the cost is to be included in the annual report income statement and is not attributable to the reporting years; to apply the interim 299.6. corporate income tax amount calculated on the basis of interim income statement data and using the information available in the interim period financial statements. To apply the interim corporate income tax amount used for the calculation the law "on enterprise income tax" down the corporate income tax rate; 299.7. the information to be reliable, an interim financial statement item assessment used only reasonable accounting estimates.
300. The interim report is intended to complement the last annual report, the information provided in the interim financial report should therefore be inserted in annex only information about important economic transactions and events since the last reporting year, to get a true and fair view of the company's financial position and operating results financial changes in the interim period, such as information about the: 300.1. balance sheet financial commitments not included in the guarantees provided, or other contingent liabilities totals changes , the conclusion of the lease, the asset pledging, guarantees or other collateral for repayment of the loan; 300.2. advance, loan or guarantee delivery; 300.3. extraordinary dividend calculation and payment; 300.4. income or cost arising in the event an interim or transactions that are clearly distinct from the ordinary activities of the company and a frequent or periodic repetition are anticipated, including: 300.4.1. inventory write-down to net realisable value or previously made write-downs of inventory value; 300.4.2. intangible investments, fixed assets, long-term financial investments or other assets depreciation due to the recognition of losses; 300.4.3. creating a provision restructuring costs; 300.4.4. previous year correction of error; 300.4.5. the classification of financial assets Exchange, caused by these assets as intended or actual usage;
medium and large 300.5. societies – in the interim agreement, which is not included in the interim financial report balance sheet, indicating its nature, objectives and financial impact, if the risk related to the agreement or benefits are significant and if the information about these risks and benefits is required to assess the financial position of the company on the last day of the period (for example, special purpose founded society or use offshore operations, to address the economic , legal, tax or accounting issues, agreement on the sharing of the risks or benefits, combined repo and sales, debt factoring, consignment of goods contracts, contract recruiting, outsourcing); medium and large 300.6. companies – also in an interim deal with the related parties, if such transactions are material and do not correspond to normal market conditions, specifying the amount of such transactions the related party relationship type, and other information about these transactions, you need to understand the company's financial position. 301. In addition to information on relevant financial transactions and events in the interim financial statements shall include: 301.1. a statement that the interim financial report in compliance with the same accounting policies and estimates of the same preparation methods applied in the last annual report; 301.2. If the accounting policy is changed or if there is a change in accounting estimates preparation methods, the explanation of these changes and their impact.
302. The interim management report: 302.1. provide information on other important events in an interim period (if there were) and their impact on the interim financial report, such as the adoption of a decision in respect of a substantial long-term investments (real estate or another corporation's shares or) acquisition or your shares or acquisition; 302.2. Description of the main risks and indicate their uncertain circumstances under which a company could face in the coming months of the reporting year and which could affect its financial position and financial performance, such as: 302.2.1. court cases; 302.2.2. the loan agreement's rules that are not resolved until the end of the interim period; 302.2.3. business or changes in economic conditions that affected the financial assets and financial liabilities fair value regardless of whether these assets or liabilities measured at fair value or at cost. 15. Rules on investment properties or biological assets held for sale fixed assets reclassification and the identification of further balance sheet if the company terminates the corresponding property object, based on their true value 303. Company, which, entering law enforcement, end balance sheet to specify: 303.1. investment property consists of land, buildings and engineering structures or portions thereof, they reclassified as fixed assets and indicates the balance sheet item "real estate" apakšposten "in the land building and civil engineering works, "in the same balance sheet value; 303.2. biological assets outdoor plantings and composed the work, productive or other animals, which the company intends to further classify as fixed assets, it is reclassified as fixed assets and indicates the balance sheet item "animals and plants" apakšposten "work or productive animals and permanent plantations" in the same balance sheet value; 303.3. biological assets consist of plantations and viengadīgo volumes, as well as animals, which the company intends to further classified as inventory items and reclassified as indicates the balance sheet item "animals and plants" apakšposten "animals and annual plantings" or, if necessary, in another inventory item (for example, "work in progress" and orders ", finished goods and goods for sale") in the same balance sheet value; 303.4 in working stock, productive or other animals, which the company intends to further classify as fixed assets, it is reclassified as fixed assets and indicates the balance sheet item "animals and plants" apakšposten "work or productive animals and permanent plantations" in the same balance sheet value; 303.5. held-for long-term investment in long-term investment objects, it will be reclassified to the appropriate fixed asset back or intangible investment items or reclassified items and specify the relevant balance sheet items at the same value in the balance sheet. 304. the company, which launched the law specify the balance sheet without losing the investment property, biological assets or held-for long-term investments, but intends to continue to recognize, evaluate, specify the financial report and to provide additional explanatory information about them in accordance with international accounting standards adopted in accordance with the European Parliament and of the Council of 19 July 2002, Regulation No 1606/2002 on the application of international accounting standards (international accounting standards), these assets indicates the following balance sheet items: 304.1. investment property – balance sheet item "real estate" apakšposten "investment property"; 304.2. biological assets – balance sheet item "animals and plants" apakšposten "biological assets"; 304.3. sale of long-term investments held-the balance under "held-for long term investment". 305. where these rules referred to in paragraph 304 company stopped to recognize, assess and specify in the financial statements of investment property, biological assets or sale of long-term investments held in accordance with international accounting standards, the company reclassified the assets and listed below indicates the balance sheet referred to in paragraph 303 of the rules. 16. The final issue 306. provisions shall enter into force on January 1, 2016. The Prime Minister is the Minister of Finance of Rashness Newsletters site – Minister of Foreign Affairs Edgar a Rinkēvič