Since it is the main type of accounting reporting, it carries a meaning dedicated to the financial condition of the business entity. At the same time, a beginner may find its structure incomprehensible and confusing, because in addition to complex page numbering, one also has to deal with the concept of codes, which sometimes becomes a whole problem. This article is devoted to decoding the lines of the balance sheet.
Download the form Balance sheet (form according to OKUD 0710001) possible by .
Simplified form of Balance available at .
Let's look at all the balance line codes by section.
Section 1 - Non-current assets
This section contains information about what low-liquidity assets the company owns. Usually these are equipment, premises, buildings, intangible assets and others.
Section 2 - Current assets
Current assets are the most highly liquid assets of an enterprise. These include goods, accounts receivable, money in cash and accounts, etc.
Section 3 - Capital and reserves
Section 4 - Long-term liabilities
Section 5 - Current Liabilities
Assignment of codes and numbers
Codes for certain lines must be indicated in a certain column. It is worth noting that codes are needed mainly so that statistical authorities can combine information presented in different types of balance sheets into one whole. The codes are mandatory to fill out when the balance sheet being compiled must be transferred to state executive structures with further use of information on them.
In a situation where the balance sheet is prepared for a quarter or other reporting period, in order for it to be considered at internal meetings for the purpose of introducing the state of affairs or analyzing the company’s activities, it is not necessary to fill in the code lines, since they do not carry any responsibility in this case no functions.
Line coding is performed only if this reporting documentation is submitted to government agencies and is not an obligation for the internal preparation of reporting balances. Since financial statements are submitted to the tax authorities only once a year, the coding applies only to annual balance sheets.
Comparison with old format codes
Previously, the line code consisted of three digits. At the moment, only those codes that are specified in a special appendix to Order 66 of the Ministry of Finance are being considered. This is app #4 which sets up four digit codes for use.
The encoding of the old form differs from the new one only in that the list of these lines changes, their encoding turns into a four-digit indicator, and the detail of the information provided in the balance sheet changes slightly. The row assignments remain the same.
Updated format strings and codes
It should be noted that the asset has a specialized format based on the liquidity factor of the property that the organization has. The least liquid of it will be located at the very top of the column, since it is this property that remains almost unchanged from the beginning of the organization until its liquidation.
The asset lines in the new balance sheet are: 1100, 1150-1260, 1600.
A liability tends to reflect where the company gets money for its operation. And also what part of these funds is the property of the company, and what part is borrowed and requires repayment. This part of the balance sheet plays an important role, since when compared with the asset, one can accurately say whether the company has the funds to successfully continue its activities, or whether the time will soon come to “wind up shop.”
The lines reflecting the passive part of the balance are: 1300, 1360-70, 1410-20, 1500-1550, 1700.
How to decrypt strings
In order to understand how the process of deciphering codes line by line is carried out, it is worth understanding that not a single code is a simple set of numbers. This is a code for a certain type of information.
- The first value confirms the fact that this line relates specifically to the main type of accounting statements, or rather, to the balance sheet, and not to another type of reporting documents.
- The second digit indicates which section of the asset the amount belongs to. For example, a unit indicates that the amount belongs to non-current assets.
- The third figure serves as a certain indicator of the liquidity of this resource.
- The fourth digit is initially equal to zero, adopted in order to provide some detailing of the items according to their materiality.
For example, deciphering line 1230 of the balance sheet is accounts receivable.
For a liability, decoding occurs according to the same principle as in the situation with an asset:
- The first digit indicates that it belongs specifically to the balance sheet for the year.
- The second figure demonstrates that this amount belongs to a separate section of the liability column.
- The third number indicates the urgency of the obligation.
- The fourth value is adopted for detailed perception of information.
The total liability is line 1700, which is the sum of line 1300 of the balance sheet, 1400 and 1500.
So, the process of deciphering the codes line by line in the balance sheet occurs on the basis of Appendix No. 4 to 66 Order of the Ministry of Finance. The structure of the codes themselves has a certain meaning. It is important to navigate in itself, or rather, in its sections and articles.
This line of the Balance Sheet reflects information about fixed assets (fixed assets) recorded in accounting on account 01 “Fixed Assets”. On the issue of reflecting in the Balance Sheet unfinished capital investments accounted for in account 08 “Investments in non-current assets” (except for subaccounts 08-5 and 08-8), there are currently two positions.
The first position is that the amount of unfinished capital investments in objects that will subsequently be accepted for accounting on account 01 is included in the indicator of line 1150 and is reflected separately on one of the lines deciphering the indicator of this line. This position is based on the fact that in the form of the Balance Sheet approved by Order No. 66n, there is no separate line “Construction in progress”. At the same time, according to paragraph 20 of PBU 4/99, the article “Construction in progress” is included in the group of articles “Fixed assets”, and paragraph 3 of Order of the Ministry of Finance of Russia N 66n allows organizations to independently determine the detail of indicators for reporting items. In addition, Appendix No. 3 to Order No. 66n provides an example of the preparation of Explanations to the Balance Sheet and the Financial Results Report. In this Example, Sect. 2 “Fixed assets” includes table 2.2 “Unfinished capital investments”.
The second position is that information about unfinished capital investments is not reflected in line 1150 “Fixed assets”. This conclusion follows from the norms of PBU 6/01 (later than the above-mentioned PBU 4/99). In particular, the requirements for the disclosure of information about fixed assets in the financial statements are established by clause 32 of PBU 6/01, which does not contain any mention of unfinished capital investments or unfinished construction. In addition, PBU 6/01 “Fixed assets” itself does not apply to capital investments, since they do not meet the conditions for acceptance for accounting as part of fixed assets (clauses 3, 4 of PBU 6/01). An additional argument in favor of this position is that in the Regulations on Accounting and Financial Reporting in the Russian Federation, in the section “Rules for the evaluation of items in financial statements”, the subsection “Unfinished capital investments” is present along with the subsection “Fixed assets”.
Thus, organizations will have to independently, taking into account the above arguments, decide whether to include the amount of unfinished capital investments in the indicator of line 1150 “Fixed assets” or not. In the latter case, the amount of unfinished capital investments can be reflected in Section. I “Non-current assets” according to a separate line “Unfinished capital investments” independently entered by the organization, and if the indicator is not significant - according to line 1190 “Other non-current assets” (on the issue of disclosing data on in-progress capital investments, see also Letter of the Ministry of Finance of Russia dated January 27, 2012 N 07-02-18/01).
Let us note that when deciding on the reflection of incomplete capital investments in the Balance Sheet, it is advisable to apply a unified approach to reflecting all types of investments in non-current assets.
OS objects are tangible assets used as means of labor in the production of products, performance of work or provision of services, or for the management of an organization (clause 46 of the Regulations on Accounting and Financial Reporting).
OS objects include buildings and structures, machinery and equipment, computer technology, vehicles, working, productive and breeding livestock, perennial plantings, on-farm roads and other objects.
As part of fixed assets accepted for accounting on account 01, the following are also taken into account:
— capital investments for radical improvement of land (drainage, irrigation and other reclamation works);
— capital investments in leased fixed assets;
— land plots, environmental management objects (water, subsoil and other natural resources) (clause 5 of PBU 6/01);
- special tools, special devices, special equipment, special clothing (if provided for by the organization’s accounting policy) (clause 9 of the Guidelines for accounting of special tools, special devices, special equipment and special clothing, approved by Order of the Ministry of Finance of Russia dated December 26, 2002 N 135n, Letter of the Ministry of Finance of Russia dated May 12, 2003 N 16-00-14/159);
- leased property, accounted for by agreement of the parties on the balance sheet of the lessee (clause 8 of the Instructions on the reflection in accounting of transactions under a leasing agreement, approved by Order of the Ministry of Finance of Russia dated February 17, 1997 N 15);
- fixed assets of a leased enterprise (when leasing an enterprise as a property complex) (Letters of the Ministry of Finance of Russia dated 06/21/2002 N 04-02-06/3/41, dated 02/20/2007 N 03-03-06/1/101).
The specified assets are accepted by the organization for accounting as fixed assets if the following conditions are simultaneously met:
a) the object is intended for use in the production of products, when performing work or providing services, for the management needs of the organization<*>;
b) the object is intended to be used for a long time, i.e. a period exceeding 12 months or the normal operating cycle if it exceeds 12 months;
c) the organization does not intend the subsequent resale of this object;
d) the object is capable of bringing economic benefits (income) to the organization in the future.
In addition, the organization has the right to establish in its accounting policy a cost criterion for accepting for accounting an asset that satisfies the above conditions as an asset (clauses 4, 5 of PBU 6/01). If the value of such an asset does not exceed 40,000 rubles. (or other limit established by the organization), it can be taken into account as part of inventories.
Attention!
Real estate objects subject to state registration, for which capital investments have been completed, are accepted for accounting as fixed assets in a separate subaccount to account 01, regardless of whether the documents have been submitted for state registration or not (clause 52 of the Guidelines for accounting of fixed assets, approved Order of the Ministry of Finance of Russia dated October 13, 2003 N 91n).
Fixed assets transferred for rent or free use, as well as those transferred to conservation, those in the process of restoration, completion or additional equipment are not written off from account 01. We also note that the accrual of depreciation on an asset in the amount of 100% of the original (replacement) cost is not a basis for writing off this asset from accounting.
An asset is subject to write-off from accounting if it is recognized in accordance with the established procedure by the organization as unsuitable for further use or sale and, in connection with this, this object is not capable of generating economic benefits (income) in the future. The residual value of such an asset is written off as other expenses of the organization (clause 29 of PBU 6/01, Appendix to the Letter of the Ministry of Finance of Russia dated January 29, 2014 N 07-04-18/01).
Attention!
Agricultural organizations take into account on account 01, subaccount 01-5 “Perennial Plantings” (analytical account “Young Plantings”), the cost of perennial plantings that have not reached operational age, defined as the amount of costs incurred for their planting and the amount of costs for them added annually cultivation (clause 7 of section 2 of the Methodological recommendations for accounting of fixed assets of agricultural organizations, approved by Order of the Ministry of Agriculture of Russia dated June 19, 2002 N 559, Methodological recommendations for the application of the Chart of Accounts for the accounting of financial and economic activities of enterprises and organizations of the agro-industrial complex, approved by the Order of the Ministry of Agriculture Russia dated June 13, 2001 N 654, Methodological recommendations for correspondence of accounting accounts of financial and economic activities of agricultural organizations, approved by Order of the Ministry of Agriculture of Russia dated January 29, 2002 N 68).
But in essence, perennial plantings that have not reached operational age are not fixed assets, but investments in non-current assets (clause 4, 13 PBU 6/01, clause 34 of the Methodological Guidelines for Accounting for Fixed Assets, clause 7, Section. 2 Methodological recommendations for accounting of fixed assets of agricultural organizations, Letters of the Ministry of Finance of Russia dated 08/14/2006 N 03-06-01-02/33, dated 07/20/2006 N 07-05-08/279).
Fixed assets are accepted for accounting under account 01 at their original cost, which is determined in accordance with the requirements of paragraphs 8 - 13 of PBU 6/01.
Attention!
The initial cost of fixed assets includes the amount of estimated liabilities for their dismantling and disposal, as well as for environmental restoration, if the occurrence of such obligations is directly related to the acquisition, construction and manufacture of these fixed assets. If the occurrence of an estimated liability is associated with the creation (acquisition) of several fixed assets at the same time, the amount of such liability is distributed among these objects in proportion to the justified base chosen by the organization (clause 8 of the Accounting Regulations “Estimated Liabilities, Contingent Liabilities and Contingent Assets” PBU 8 /2010, approved by Order of the Ministry of Finance of Russia dated December 13, 2010 N 167n, Letter of the Ministry of Finance of Russia dated January 9, 2013 N 07-02-18/01).
The initial cost of fixed assets is repaid by depreciation. The amounts of depreciation accrued on fixed assets are reflected in account 02 “Depreciation of fixed assets”. During the useful life, depreciation on fixed assets is not suspended, with the exception of cases of transfer to conservation for a period of more than three months, as well as during the restoration period of the object, the duration of which exceeds 12 months (clauses 17, 23 of PBU 6/01) .
There are categories of fixed assets that are not depreciated (clause 17 of PBU 6/01). These include: used for the implementation of the legislation of the Russian Federation on mobilization preparation and mobilization, OS objects that are mothballed and not used in the production of products, when performing work or providing services, for the management needs of the organization or for provision by the organization for a fee for temporary possession and use or for temporary use; land; environmental management facilities; objects classified as museum objects and museum collections.
An organization may decide to annually revalue fixed assets at current (replacement) cost (clause 15 of PBU 6/01). Revaluation of fixed assets is carried out by recalculating their original cost or current (replacement) cost and depreciation amounts accrued for the entire period of use of the objects. Revalued fixed assets are reflected in accounting at their replacement cost. Revaluation of fixed assets is carried out at the end of the reporting year. The amount of additional valuation of an asset as a result of revaluation is credited to the additional capital of the organization. Moreover, if in previous reporting periods the fixed asset was discounted and the amount of the markdown was charged to the financial result as other expenses (until 01/01/2012 - to the account of retained earnings), the amount of additional valuation of the fixed asset, equal to the amount of its markdown, is credited to the financial result in as other income.
The amount of depreciation of an asset as a result of revaluation is included in the financial result as other expenses. If in previous reporting periods the fixed asset was overvalued and the amount of the revaluation was included in the organization's additional capital, then the amount of the writedown of the fixed asset is included in the reduction of additional capital, and the excess of the amount of the writedown of the fixed asset over the amount of its revaluation credited to the additional capital is credited to the financial result in as other expenses.
Attention!
If during the reporting period the organization assessed fixed assets for the purpose of transferring them as collateral (or for other purposes), then such an assessment is not taken into account when preparing reports. Only revaluation made according to the rules of clause 15 of PBU 6/01 is taken into account.
The initial cost of fixed assets at which they are accepted for accounting may also change in cases of their retrofitting, modernization, reconstruction and partial liquidation (clause 14 of PBU 6/01, clause 41 of the Methodological Guidelines for Accounting of Fixed Assets).
ADDITIONALLY on this issue, see the section “Accounting for fixed assets and construction in progress (accounts 01, 02, 07, 08)” of the Guide to Information Security “Correspondence of Accounts”.
This line of the Balance Sheet indicates the residual value of the organization's fixed assets as of the reporting date, as of December 31 of the previous year and as of December 31 of the year preceding the previous one (clause 35 of PBU 4/99, clause 49 of the Regulations on Accounting and Financial Reporting, Letter of the Ministry of Finance Russia dated January 30, 2006 N 07-05-06/16)<*> <**>. The residual value of fixed assets as of the reporting date is determined as the difference between the balance of accounts 01 and 02 (taking into account revaluation, if any). Fixed assets not subject to depreciation are shown in the Balance Sheet at their original (replacement) cost.
The organization may decide to include the value of unfinished capital investments in the indicator of line 1150 “Fixed assets” with a separate reflection of this value in the line “Unfinished capital investments” (or “Construction in progress”), detailing the indicator of line 1150. In this case, in addition to the residual value OS indicator line 1150 forms debit balances on accounts 08 “Investments in non-current assets” and 07 “Equipment for installation”. In this case, debit balances on accounts 07 and 08 are taken into account in the part related to capital investments in fixed assets, which will subsequently be accepted for accounting on account 01 “Fixed Assets”.
Attention!
An object subject to accounting is classified at the time of its recognition based on compliance with established criteria for asset types. Therefore, information about fixed assets whose remaining useful life at the reporting date is 12 months or less cannot be disclosed in Section. II “Current assets” and should be included in section. I Balance Sheet (Letter of the Ministry of Finance of Russia dated December 19, 2006 N 07-05-06/302).
Attention!
If the organization also has fixed assets accounted for as part of profitable investments in tangible assets on account 03 “Income-generating investments in tangible assets,” then from the balance of account 02 it is necessary to exclude the amounts of depreciation accrued on these objects (for more details, see Section 3.1.1.6 .1 “Which fixed assets are taken into account on account 03”).
Line 1150 “OS” = Debit balance on account 01 (excluding the analytical account “Young plantings” - Credit balance on account 02 (excluding depreciation on fixed assets, accounted for on account 03)
Organizations independently determine the detail of the indicator on line 1150 “Fixed assets”. For example, the balance sheet may contain separate information on the cost of buildings, machinery and equipment, vehicles, etc., if such information is recognized by the organization as significant (paragraph 2, paragraph 11 of PBU 4/99, paragraph 3 of the Order of the Ministry of Finance of Russia N 66n).
In general, the indicators in line 1150 “Fixed assets” as of December 31 of the previous year and as of December 31 of the year preceding the previous year are transferred from the Balance Sheet for the previous year. Comparative indicators are subject to adjustment if, in the reporting year, the organization corrected significant errors in accounting for fixed assets made in previous years and identified after the approval of the financial statements for the previous reporting year, as well as if in the reporting year there was a change in the organization’s accounting policy in relation to fixed assets ( clause 2, clause 9 of PBU 22/2010, clause 15 of PBU 1/2008). In the event of revaluations, comparative data for the period (periods) preceding the reporting period do not change (Appendix to Letter of the Ministry of Finance of Russia dated January 29, 2014 N 07-04-18/01).
The “Explanations” column provides an indication of the disclosure of this indicator (paragraph 2 of clause 28 of PBU 4/99).
Example of filling line 1150"Fixed assets"
The organization decided to separately reflect unfinished capital investments on a separate, independently entered line in section. I “Non-current assets”, and in case of insignificance of the indicator - on line 1190.
Indicators for accounts 01 and 02 in accounting:
| Index | As of the reporting date (December 31, 2014) |
| 1 | 2 |
| 1. On the debit of account 01, including: | 12 358 000 |
| 1.1. Replacement cost of buildings | 5 180 000 |
| 1.2. Replacement cost of machinery and equipment | 5 920 960 |
| 1.3. Initial cost of vehicles | 937 040 |
| 1.4. Initial cost of office equipment | 320 000 |
| 2. On the credit of account 02, analytical account for depreciation of fixed assets recorded on account 01, including: | 1 561 464 |
| 2.1. Depreciation of buildings | 841 750 |
| 2.2. Depreciation of machinery and equipment | 510 016 |
| 2.3. Vehicle depreciation | 139 799 |
| 2.4. Depreciation of office equipment | 69 899 |
Fragment of the Balance Sheet for 2013
| Explanations | Indicator name | Code | As of December 31, 2013 | As of December 31, 2012 | As of December 31, 2011 |
| 1 | 2 | 3 | 4 | 5 | 6 |
| 2.1, | Fixed assets | 1150 | 11 905 | 11 963 | 10 511 |
| including: | |||||
| building | 1151 | 4403 | 4590 | 4216 | |
| cars and equipment | 1152 | 6027 | 5202 | 4816 |
Solution
The residual value of the operating system is:
Including:
residual value of buildings:
residual value of machinery and equipment:
A fragment of the Balance Sheet in Example 1.5 will look like this.
Fixed assets in the balance sheetare reflected in line 1150 of the “Non-current assets” section. Read about the features of data generation for this line in our material.
What is considered a fixed asset?
Fixed assets include property assets that can be used as production assets necessary for the manufacture of products (providing services, carrying out work), as well as property used to manage the company. The fixed assets include:
- buildings and constructions;
- land;
- equipment;
- auto, motorcycle and other equipment;
- computing devices;
- measuring instruments;
- household equipment;
- farm livestock;
- perennial plantings;
- on-farm, logistics roads and railways, as well as other similar assets.
Fixed assets also include capital investments in the land fund (carrying out work that significantly improves the quality of agricultural land), environmental management facilities, as well as completed capital investments in leased property.
The cost of registered fixed assets consists of all costs associated with their acquisition and is repaid through depreciation. Depreciation charges are made using one of the methods chosen by the enterprise (clause 48 of the PBU for accounting and accounting, approved by order of the Ministry of Finance of Russia dated July 29, 1998 No. 34n):
- linear;
- reduction of balance;
- by the sum of the numbers of years of useful life;
- in proportion to the volume of production.
NPO property is not depreciated. The cost of land and mining facilities, water and other subsoil is not repaid.
Cost of fixed assets on the balance sheet: line 1150
In accounting, fixed assets include assets worth more than 40,000 rubles. with a service life of more than a year. In the balance sheet, fixed assets are reflected in the amount of their value reduced by the amount of depreciation (i.e., at the residual value).
Read about how the residual value of fixed assets is determined in the material “How to determine the residual value of fixed assets” .
In the case of additional equipment (reconstruction, partial write-off) of fixed assets, leading to a change in the initial cost, this information is reflected in the appendices to the balance sheet. The same applies to the case of revaluation of property, carried out by indexing the replacement cost of assets or by direct recalculation to the actual market value. Any differences that arise are credited to additional capital.
Results
To reflect fixed assets in the balance sheet, a specific line (1150) is allocated in the section devoted to non-current assets. This property includes objects of a certain value (above 40,000 rubles) and service life (over 1 year). On the balance sheet, this cost is shown reduced by the amount of depreciation. Situations of changes in value associated with additional equipment (reconstruction, partial write-off) and revaluation are disclosed in the appendices to the balance sheet.
Line 1230 of the balance sheet - explanation it helps to understand the size of the receivable at the time of drawing up the document. Other balance lines are filled in using the same principle. Our article will discuss what information should be contained in the balance sheet line by line.
Line 1230 of the balance sheet (230, 240): decoding, principles of structure of line codes
Each balance sheet line corresponds to a code that allows you to identify the data contained in it. The main consumers of these codes are statistical and regulatory authorities, which can carry out analytical work on them.
Currently the codes are 4 digits long. For example, line 1230 of the balance sheet, former line 240, contains accounts receivable in the transcript. This line shows the amount of debt that its partners, counterparties and other persons interacting with it have to the company in a certain period of time.
Line 230 also belonged to this category and reflected debts that could be repaid in no earlier than 12 months.
Balance sheet line codes contain very specific information:
- The first digit is that it belongs specifically to the balance sheet and not to another document.
- The second digit indicates belonging to a specific section of the asset.
- The third number shows the place of this asset in the liquid ranking. The higher the liquidity, the higher the number.
- The fourth digit is required for line detail. Thus, the requirements contained in PBU 4/99 are met.
Using a similar principle, we will selectively describe which codes correspond to the strings and provide a brief explanation of them. We will separately indicate in the table the new and old codes, since the balance must be drawn up for 3 years, and 2 years ago the previous code values were still in effect.
Lines 1100 (190), 1150 (120), 1160, 1170 (140), 1180, 1190
Line 1100 contains information about the full amount of non-current assets of the enterprise. Before the order was changed, this was line 190. The next 6 lines are elements that add up to the value of this line.
Line 1150 corresponds to the previous line 120. Data on fixed assets of the enterprise available at the time of the report is entered into it.
Line 1160 reflects information about the amount of material assets available at the enterprise, as well as investments that generate income. All data is recorded on account 03.
Line 1170, former 140, contains data on the enterprise’s investments if they are made for more than 12 months. Accounting is maintained by the debit of accounts 58 and 55, the subaccount is called “Deposits”.
Line 1180 contains the allocated tax assets. The balance of account 09 is indicated here. Line 1190 includes all non-current assets that were not mentioned above.
Lines 1210 (210), 1220 (220), 1240 (250), 1250, 1260 and 1200 (290)
The previous line 210 corresponds to the current line 1210 of the balance sheet; the accounting department enters data on the remaining inventories into it.
Line 1220 of the balance sheet as before - line 220. It must contain data on VAT, which was issued by the supplier, but was not accepted for deduction until the report was drawn up. This is essentially the debit balance of account 19.
Line 1240balance sheet with transcript Previously it was line 250. It reflects investments whose maturity does not reach a year.
Line 1250 is the company's monetary assets in national and foreign currencies, as well as other resources. This refers to accounts 50, 51, 52 and 55.
Line 1260 contains all other assets that did not find a place in the above section lines.
Line 1200 in the previous version of the form was line 290balance sheet. The final results for section 2 are reflected here.
Is there line 12605 in the balance sheet?
If an enterprise considers it necessary to additionally disclose information on some general line, for example 1260, it is given the opportunity to supplement the balance sheet with a detailed line, for example 12605 “Deferred expenses”.
Line 1600 (300)
Instead of line 300 of the old form, there is line 1600, which shows the result of adding lines 1100 and 1200. In other words, this is the balance of this section.
Lines 1360, 1370 (470) with lines 1300 (490)
Line 1360 contains the total value of reserve capital.
Line 1370 is formerly line 470. It contains data on profits that have not yet been distributed.
Line 1300 corresponds to the previous one line 490balance sheet. This summarizes all the data in Section 3, devoted to the capital of the enterprise.
Lines 1410, 1420 and 1400 (590)
Line 1410 begins the section on long-term liabilities. It indicates borrowed funds with a term of more than 12 months. Accounting is maintained on account 67.
Line 1420 contains the allocated tax liabilities. The data is taken from account credit 77.
All data on lines starting with 14 is consolidated into line 1400 (previously line 590).
Lines 1510 (610), 1520 (620), 1530, 1540, 1550 and 1500 with decryption
In the previous version of the form line 1510balance sheet with transcript was line 610balance sheet. It contains information about short-term borrowed funds (accounts 66 and 67).
Line 1520balance sheet with transcript until 2015, it was line 620. It reflects short-term debt to partners, staff, etc. Line 1530 contains the balance of account 98.
Line 1540 is liabilities reflected on the credit of account 96, the maturity of which is less than 12 months.
Line 1550 is all other obligations that are not reflected in the previous lines.
Line 1500 contains the final result for section 4.
Line 1700 (700)
In the previous version this line 700 of the balance sheet. This contains the result of adding all the lines for liabilities: 1300 + 1400 + 1500.
Page 2110 and other balance sheet forms 2
Lines starting with number 2, in particular 2110 “Revenue”, refer to Form 2 of the balance sheet. It was previously known as the income statement.
Individual organizations have the right to conduct accounting in a simplified form and create simplified financial statements. Such organizations include: small businesses, Skolkovo project organizations and non-profit organizations (except those recognized as foreign agents).
Simplified balance sheet
At the same time, small businesses can choose the form for preparing financial statements independently. They can provide reporting using both general and simplified forms. The composition of the reporting will depend on this. Thus, for small enterprises, special forms of simplified financial statements have been approved, given in Appendix 5 of Order No. 66n of the Ministry of Finance of Russia dated July 2, 2010. The composition of simplified financial statements is as follows:
- Balance sheet;
- Income statement.
If an enterprise needs to provide any additional information, and the simplified reporting forms do not contain the required columns, then general reporting forms can be used.
Thus, small businesses decide on their own which forms to submit financial statements. The main thing is that the decision made is reflected in the accounting policy.
Requirements for filling out a simplified balance sheet
The annual balance sheet must contain data on the assets and liabilities that the organization has at the end of the reporting year, that is, as of December 31. Additionally, information on previous years is entered into the balance sheet, that is, as of December 31 of last year and as of December 31 of the year before. For example, a balance sheet prepared by an enterprise for 2017 should contain data as of December 31, 2017, December 31, 2016 and December 31, 2015.
All last year's information is taken from last year's reports. And for indicators for the current year, information is taken from sources such as: (click to expand)
- The balance sheet for the organization as a whole for the reporting year;
- Indicators of accrued interest on credits (loans) for the reporting year.
If there is no data to fill out any balance line, it is not filled in and a dash is placed.
Procedure for filling out a simplified balance sheet
| Balance line | Accounting account |
| Assets | |
| 1150 “Tangible non-current assets” | Sum of indicators: · Account 01 “Fixed assets” minus account 02 “Depreciation of fixed assets” · Balance on account 07 “Equipment for installation” · Account balance 08 “Investments in non-current assets” |
| 1170 “Intangible, financial and other non-current assets” | Sum of indicators: · Account 04 “Intangible assets” minus account 05 “Amortization of intangible assets” · Balance on account 08 “Investments in non-current assets” (in relation to expenses for the development of mineral resources) · Account balance 09 “Deferred tax assets” · Account balance 58 “Financial investments” If there are no balances on these accounts, then a dash is placed |
| 1210 "Stocks" | Sum of indicators: · Account balance 10 “Materials” · Account balance 20 “Main production” · Account balance 41 “Goods” · Account balance 43 “Finished products” · Account balance 44 “Sales expenses” If other accounts are used in accounting, then Inventories are calculated according to the general rules for preparing a balance sheet |
| 1250 “Cash and cash equivalents” | Account balance amount: · 50 "Cashier" · 51 “Current accounts” · 52 “Currency accounts” · 57 “Translations on the way” |
| 1230 “Financial and other current assets” | Amount of debit balance on accounts: · 70 “Settlements with personnel for wages” · 75 “Settlements with founders” Less the credit balance on account 63 “Provisions for doubtful debts” |
| 1600 Balance | Sum of indicators by row: 1150+1110+1210+1250+1240 |
| Passive | |
| 1300 "Capital and reserves" | 80 “Authorized capital” 82 “Reserve capital” 83 “Additional capital” 84 “Retained earnings” Less the amount of debit balance on accounts: 81 “Own shares (shares)” 84 “Retained earnings” |
| 1410 “Long-term borrowed funds” | Credit balance on account 67 “Settlements for long-term loans and borrowings” |
| 1450 “Other long-term liabilities” | This line is not filled in by small businesses, so a dash is placed |
| 1510 “Short-term borrowed funds” | Credit balance on account 66 “Settlements on short-term loans and borrowings” |
| 1520 “Accounts payable” | Amount of credit balance on accounts: · 60 “Settlements with suppliers and contractors” · 62 “Settlements with buyers and customers” · 76 “Settlements with various debtors and creditors” · 68 “Calculations for taxes and fees” · 69 “Calculations for social insurance and security” · 70 “Payroll calculations” · 71 “Settlements with accountable persons” · 73 “Settlements with personnel for other operations” · 75-2 “Calculations for payment of income” |
| 1550 “Other short-term liabilities” | Account balance amount: · 98 “Deferred income” · 96 “Reserves for future expenses” · 77 “Deferred tax liabilities” |
| 1700 Balance | Sum of indicators by row: 1310+1410+1450+1510+1520+1550 |
After filling out all balance sheet terms, you need to check whether the amount of assets and liabilities of the balance sheet is equal. If equality is observed, the balance is considered to be compiled correctly, and if the amounts do not agree, then errors were made in filling out the balance.
The procedure for filling out a simplified statement of financial results
| Report Line | Accounting account |
| 2110 "Revenue" | Difference of indicators: · Turnover on the credit of the “Revenue” subaccount to the “Sales” account · Turnover by debit of the “VAT” subaccount to the “Sales” account |
| 2120 “Expenses for ordinary activities” | Amount by debit of subaccounts to account 90 “Sales”, on which accounting is kept: · Cost of sales · Business expenses · Administrative expenses |
| 2330 “Interest payable” | The amount of accrued interest on loans for the current year is indicated. The indicator is indicated in brackets, no minus sign is used. |
| 2340 “Other income” | Difference of indicators: · Turnover on the credit of the subaccount “Other income” to account 91 “Other income and expenses” · Turnover on the debit of the “VAT” subaccount to account 91 “Other income and expenses” |
| 2350 “Other expenses” | Difference of indicators: · Turnover on the debit of the subaccount “Other expenses” to account 91 “Other income and expenses” · Indicator for line 2330 “Interest payable” The indicator is indicated in brackets, no minus sign is used. |
| 2410 “Profit taxes (income)” | · If an organization pays income tax, then the value of line 180 of sheet 02 of the income tax declaration is recorded · If the organization is on the simplified tax system (income), then indicate the difference in indicators on lines 133 and 143 of section 2.1.1 of the declaration according to the simplified tax system · If the organization is on the simplified tax system (income minus expenses), then indicate the indicator on line 273 of section 2.2 of the declaration under the simplified tax system. When paying the minimum tax, the indicator is indicated on line 280 of section 2.2 of the declaration according to the simplified tax system. · If the organization is on UTII, then the amount of UTII for all quarters is indicated. The indicator is indicated in brackets, no minus sign is used. |
| 2400 “Net profit (loss)” | Calculate the value as follows: page 2110 – page 2120 – page 2330 + page 2340 – page 2350 – page 2410 |
If the resulting result of “Net profit (loss)” comes out with a minus sign, then it must be written down in the report, in brackets; the minus is not indicated. If the resulting value is positive, then there is no need to put it in brackets.
The legislative framework
See table: (click to expand)