Decree No. 472 / 2008 Coll.
Ordinance amending Decree No. 505 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are local authorities, contributory organisations, state funds and organisational elements of the State, as amended
Valid
Order
Effective from 01.01.2009
Text versions:
01.01.2009
30.12.2008
472
DECLARATION
of 19 December 2008
amending Decree No 505 / 2002 Coll., implementing certain provisions of Act No 563 / 1991 Coll., on Accounting, as amended, for entities that are local authorities, contributory organisations, state funds and state organisational units, as amended
The Ministry of Finance provides pursuant to Section 37b of Act No. 563 / 1991 Coll., on Accounting, as amended by Act No. 437 / 2003 Coll., for the implementation of Sections 4 (8), 24 (4) and (5) and 28 (1) of this Act:
Decree No. 505 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities which are local authorities, contributory organisations, state funds and organisational elements of the State, as amended by Decree No. 477 / 2003 Coll., Decree No. 549 / 2004 Coll., Decree No. 401 / 2005 Coll., Decree No. 576 / 2006 Coll. and Decree No. 353 / 2007 Coll., is amended as follows:
1. in Article 7 (4) (c):
"(c) emission allowances for greenhouse gas emission allowances, emission reduction units and verified reductions in emissions from project activities and units allocated in quantities of 7a, irrespective of the valuation level,"
2. In Article 8 (2) (e), the words "purchased by purchase, gift, inheritance or previously valued, for example, by an expert, or, where this property has become a cultural monument during the period of use 'are replaced by" valued purchase or replacement purchase price'.
3. in Paragraph 8 (2) (f):
"(f) the technical evaluation of the assets referred to in § 28 (5) of the Act, whose valuation of one item exceeds CZK 40 000."
4. In Article 8, at the end of paragraph 2, the dot is replaced by a comma and the following point (g) is added:
"(g) technical evaluation of the real-estate cultural monument and ecclesiastical buildings awarded under § 25 (1) (k) of the Act."
5. Paragraph 8 (3) reads as follows:
"(3) Item" A.3. Separate movable goods and sets of movable goods No 19 "contain separate movable goods and sets of property, which are characterised by separate technical and economic designation, for which the period of application is more than one year and the valuation of the separate movable item or set of assets referred to in § 37a exceeds CZK 40000 and items of precious metal, unless they are objects of cultural value or cultural monuments."
6. In Paragraph 8 (6), the words "movable property 'are replaced by the words" property that is characterised'.
7. In Article 8, at the end of paragraph 7, the words "as well as the technical valuation of the assets valued in accordance with Paragraph 25 (1) (k) of the Act, with the exception of the technical evaluation referred to under" A.3. Construction No 18. "'
8. Paragraph 8 (8) reads as follows:
"(8) The heading" A.3. Art Works (11) and items No 17 "includes, in particular, works of art, collections, objects of cultural value (12) and similar movable property, irrespective of the amount of the valuation which is not part of the construction or is not a commodity, including movable cultural monuments, collections of museum character, objects of cultural value valued under § 25 (1) (k) of the Act, and including sets of such property valued under § 37a (2) (a)."
9. Paragraph 8 (9) is deleted.
Paragraphs 10 to 12 shall become paragraphs 9 to 11.
10. In the first sentence of Paragraph 14 (11), "fixed-term deposits' is replaced by" and from issued bonds'.
11. In Paragraph 24, the sentence "In the case of assets that have been valued under Paragraph 25 (1) (k) of the Act, or in the case of sets of such assets under Paragraph 37a (2) (a), the entity shall indicate the number of individual items and sets of assets and a reference to a probative accounting record of the actual status of such assets or shall include a list of such assets. '
12. In Article 24, the following paragraphs 5 and 6 are inserted after paragraph 4:
"(5) If an entity owns or has a responsibility to farm more than 10 hectares of forest land with forest land, it shall also include the following information in Part 3 of the Annex to the financial statements:
(a) total area of forest land with forest cover;
(b) the value of the valuation of forest land determined by the product of the area of forest land with forest land in m2 and the average value of the stock of raw wood per m2, which is CZK 57. "
(6) If an entity also ascertains the price of forest land in a manner other than the product of the forest land area and the average value of the raw wood stock referred to in paragraph 5 (b), in particular in the context of a more detailed breakdown by group of timber, and the price thus determined is significantly different, it shall also indicate in Part 3 of the Annex to the financial statements that price and information on the method for determining its amount and the reason for its determination. '
Paragraphs 5 and 6 shall be renumbered paragraphs 7 and 8.
13. In Article 26, the following paragraph 7 is added:
"(7) In the case of assets valued under § 25 (1) (k) of the Act, its valuation is not increased by the technical assessment carried out on such assets."
14. in Paragraph 34 (2) (e):
"(e) a set of assets characterised by a separate technical and economic designation,"
15. in Paragraph 34, the following point (f) is added at the end of paragraph 2:
"(f) technical evaluation of real-estate cultural monuments and ecclesiastical buildings awarded under § 25 (1) (k) of the Act."
16. V § 34 odstavec 5 zní:
"(5) Where the law or this decree provides that certain assets are to be amortised, the way in which such assets are acquired or the reason for accounting for such assets shall not be relevant. ';
17. in § 34 (8) (f):
"(f) long-term intangible and long-term tangible assets, if the entity has such assets in lease or borrowing,";
18. In Article 34, at the end of paragraph 8, the dot is replaced by a comma and the following point (h) is added:
"(h) the assets valued under § 25 (1) (k) of the Act, the sets of such assets under § 37a (2) (a) and the technical evaluation of those assets, with the exception of the technical evaluation of the real cultural monuments and church buildings."
19. After Paragraph 37, the following Section 37a is inserted:
Method of valuation of the set of assets
(1) The set of assets consists of several items and is characterised by a separate technical and economic designation, or, in the case of cultural monuments, objects of cultural value and objects forming collections of a museum nature, by the identification of common characteristics of its parts or elements (hereinafter referred to as "the set of assets"). A real estate item cannot be included in the set of assets, even in conjunction with a movable item.
(2) The set of assets for cultural monuments or objects of cultural value is appreciated
(a) in the amount of CZK 1, if the purchase price is not known to either of the items forming a set of assets; or
(b) the sum of the purchase prices or the replacement purchase prices of all individual items constituting a set of assets.
(3) Where changes occur within the scope of the set of assets measured in accordance with paragraph 2 (a), the valuation of the whole set of assets shall not change. Where changes occur within the scope of the set of assets in other cases, the valuation of the set of assets shall be adjusted by the valuation of the item concerned.
(4) The entity shall demonstrate the creation, modification and valuation of the set of assets by means of an accounting record. ';
Transitional provisions
1. The provisions of this decree shall be applied by the entities for the first time in the accounting year beginning on or after 1 January 2009, unless otherwise specified in paragraphs 3 and 4.
2. In the case of assets valued under § 25 (1) (k) of the Act, including sets of assets under § 37a (2) (a), which are already valued in accordance with the legislation effective by the date of application of the Decree, the amount of its valuation shall not be changed.
3. Until an entity appreciates the property referred to in Paragraph 8 (9) of Decree No 505 / 2002 Coll., as effective until the date of the effective date of that decree, pursuant to Paragraph 25 (1) (k) of the Act, it does not mention that property under item "A.3. Art Works 11) and items No 17 '.
4. Paragraph 24 (5) and (6) of Decree No 505 / 2002 Coll., as effective from the date of entry into force of this Order, shall apply already in the accounts drawn up on 31 December 2008.
Efficacy
This Decree shall take effect on 1 January 2009.
Minister:
Ing. Kalousek v. r.
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Regulation Information
| Citation | Decree No. 472 / 2008 Coll., amending Decree No. 505 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are self-governing entities, contributory organisations, state funds and state organisational components, as amended |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 30.12.2008 |
|---|---|
| Effective from | 01.01.2009 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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