What is Decree No. 500 / 2002 Coll.?

Decree No. 500 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entrepreneurs accounting in the dual accounting system — Decree implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entrepreneurs accounting in the system of double accounting.

When it became Decree No. 500 / 2002 Coll. effectiveness?

Decree No. 500 / 2002 Coll. became effective 01.01.2003.

Is Decree No. 500 / 2002 Coll. still valid?

Yes, Decree No. 500 / 2002 Coll. is still valid and effective.

How many times was it Decree No. 500 / 2002 Coll. amended?

Decree No. 500 / 2002 Coll. has 16 time versions of the text.

Decree No. 500 / 2002 Coll. - Decree implementing certain provisions o...

500

DECLARATION

of 6 November 2002

implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entrepreneurs accounting in the double accounting system

According to § 37a (1) for the implementation of § 4 (2), § 14 (1), § 18 (4), § 22 (3) and § 23 (2) and (6) of Act No. 563 / 1991 Coll., on Accounting, as amended by Act No. 492 / 2000 Coll. and Act No. 353 / 2001 Coll., (hereinafter "the Act '):

ČÁST PRVNÍ

SUBJECT MATTER OF ADJUSTMENT AND SCOPE

§ 1

This decree incorporates the relevant European Union21), following the directly applicable European Union22), and provides for:

(a) the extent and manner of drawing up the accounts and drawing up the annual report; the structure, labelling and content of the items of assets and other assets, liabilities and other liabilities in the financial statements; the organisation, labelling and content of the costs, revenues and results of the financial statements; the structure and content of the explanatory and supplementary information in the Annex in the financial statements; the organisation, labelling and content of the items of consolidated financial statements; the methods of consolidation of financial statements and the procedure for the inclusion of entities in the consolidation unit;

(b) the organisation and content of the statement of cash flows and the statement of changes in equity; the indicative chart of accounts; accounting methods; methods of transfer from tax records under the Act governing income tax to accounting;

(c) the valuation method for the acquisition of a set of tangible movable goods with a separate technical and economic designation;

(d) the method of valuation for the transformation of a commercial corporation under the Act governing the transformation of companies and cooperatives (hereinafter referred to as the "Transformation Act"), including adjustments made to the transformation of a commercial corporation on the date of entry into the Commercial Register with effect from the relevant date;

(e) the method of drawing up the opening balance sheet for the transformation of a commercial corporation;

(f) adjustments for the cross-border conversion or transfer of a business establishment, branch or other part of a business establishment (hereinafter referred to as "the business establishment");

(g) the method of valuation when acquiring more than one asset component by transfer or transfer, including the possibility of applying the method of measurement referred to in Article 24 (3) (a) (1) in the case of cross-border conversion, deposit or sale of a business establishment;

(h) the valuation of assets and liabilities in the transformation of a trading corporation, including the time when the fair value measurement is taken;

(i) the method of determining the functional currency and the procedure for changing the currency of the accounts.

§ 2

(1) The Decree shall apply to entities under § 1 (2) (a) and (b), (d) to (i) and (l) of the Act, with the exception of entities referred to in paragraph 2.

(2) Of the entities referred to in paragraph 1, this decree shall not apply to entities under Sections 19a and 23a of the Act, unless special legislative provisions (1c) provide otherwise, and to entities whose accounts are governed by special legislative provisions (1d).

(3) Entities that keep short-term accounts,

(a) constitute adjustments and reserves only under special legislation, (1e) and therefore apply the provisions of Sections 16, 27, 31, 55 and 57 accordingly;

(b) they do not measure assets and liabilities at fair value pursuant to Article 27 of the Act and do not apply Articles 14a, 39, 51 to 55, 58, 60 and 69 to the extent that they regulate the valuation of assets and liabilities at fair value;

(c) draw up the accounts in an abbreviated manner.

ČÁST DRUHÁ

FINANCIAL CONCLUSION

HLAVA I

SCOPE AND METHOD OF ACCOUNTING

§ 3

(1) The accounts are set out in Section 18 of the Act.

(2) The balance sheet shall include items of assets and other assets, liabilities and other liabilities.

(3) According to Paragraph 13, an entity shall recognise an accrual in balance sheet assets

(a) under "C.II.3. Accruals of assets"; the balance sheet does not include "D. Accruals on assets'; or

(b) under "D. Accruals of assets"; the balance sheet does not include item "C.II.3. Accruals of assets'.

(4) According to Paragraph 19, an entity shall present an accrual in the liabilities of the balance sheet

(a) under "C.III. Accruals of liabilities"; the balance sheet does not include item "D. Accruals of liabilities'; or

(b) under "D. Accruals of liabilities"; the balance sheet does not include the item "C.III. Accruals of liabilities'.

(5) The profit and loss account shall include and identify items of cost and income and profit or loss.

(6) The Annex explains and complements the information contained in the balance sheet and the profit and loss account; the information therein is presented in the same order as the items in the balance sheet and the profit and loss account.

(7) An overview of cash flows is a breakdown of selected items of property and provides information on gains (income) and losses (expenses) of funds and cash equivalents broken down into operational, investment and financial activities during the financial year.

(8) An overview of changes in equity is a breakdown of the item "A. Own capital" from the balance sheet and gives information on the arrangement of its items which express its overall change for the financial year.

(9) Entities shall compile the balance sheet and profit and loss account (Section 3a) and the notes in the financial statements (Sections 39 to 39c) in full or in abbreviation.

(10) For the purposes of the reporting, valuation and disclosure of the derivative information in the Annex in the financial statements and transactions with them, an entity shall apply the provisions of Decree No. 501 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, to entities that are banks and other financial institutions, as effective on 31 December 2017.

§ 3a

(1) The full balance sheet covers all items in Annex 1 to this Regulation and is compiled by an entity that is:

(a) a large entity;

(b) a medium entity;

(c) a small entity which is required to have its accounts audited by the auditor; or

(d) a micro entity that is required to have financial statements certified by the auditor.

(2) The balance sheet covers to an abridged extent:

(a) the items referred to in Annex 1 to this Order, only items marked with letters and Roman numerals, with the exception of items "C.II.1. Long-term receivables," "C.II.2. Short-term receivables" and "C.II.3. Accruals of assets" may be drawn up by a small entity that is not required to have financial statements verified by the auditor; or

(b) the items listed in Annex 1 to this decree, only those identified by letters, and may be drawn up by a micro entity that is not required to have financial statements certified by an auditor.

(3) The full profit and loss account covers all the items listed in Annex 2 or Annex 3 to this Decree and consists of:

(a) an entity that is a trading company; and

(b) of the other entities

1. a large entity;

2. a medium entity,

3. a small entity that is required to have its accounts audited by the auditor; or

4. a micro entity that is required to have financial statements audited by the auditor.

(4) The profit and loss account to the abridged extent includes the items listed in Annex 2 or Annex 3 to this Regulation, only items marked with Roman numerals, letters and calculation items, and may be compiled by a small entity or micro entity that:

(a) is not a trading company; and

(b) it is not required to have the accounts audited by the auditor.

(5) The Annex to the financial statements fully includes information

(a) in accordance with paragraphs 39 and 39b and drawn up by an entity which is:

1. a large entity; that entity shall also disclose the additional information set out in Paragraph 39c; or

2. a medium entity,

(b) in accordance with paragraphs 39 and 39a, an entity which is:

1. a small entity that is required to have its accounts audited by the auditor; or

2. a micro entity that is required to have financial statements certified by the auditor.

(6) An annex to the financial statements shall include, to an abridged extent, the information referred to in Paragraph 39 and may be compiled by a small entity and a micro entity that is not required to have financial statements verified by an auditor.

§ 4

(1) In the balance sheet and in the profit and loss account, the items listed in Annexes 1, 2 and 3 to this decree are shown separately and in the order specified. Further detailed breakdowns of these items may be made provided that the specified arrangement is maintained.

(2) The balance sheet items and profit and loss accounts are identified by a combination of letters, Roman numerals and Arab numerals and by the name of the item; items can be broken down into subheadings. The calculation items are marked "* '.

(3) Balance sheet items and items in the profit and loss account which are preceded by an Arabic figure may be merged,

(a) in the absence of a significant amount in relation to the obligation of a faithful and fair view of the entity's subject matter and financial position; or

(b) where their merging contributes to greater clarity of the information and provided that the merged items are individually listed in the Annex.

(4) The balance sheet for the current accounting year shall show the amount of assets by item not adjusted for adjustments and adjustments (gross), the amount of adjustments and adjustments to them (correction) and the amount of assets minus adjustments and adjustments (net).

(5) Each of the balance sheet items, the items in the profit and loss account, the items in the statement of changes in equity and the items in the statement of cash flows shall also include information on the amount of that item for the immediately preceding financial year ("the previous financial year '). In the balance sheet, the amount of the individual asset items for the previous financial year, minus the adjustments and adjustments (net). If the information given for the previous and current financial years is not comparable, the information for the previous financial years shall be adjusted in the light of the significance referred to in Article 19 (7) of the Law. Any adjustment of the information for the previous financial year or, where appropriate, the retention of non-comparable information shall be justified in the Annex.

(6) Balance sheet items and items of the profit and loss account at zero for the past and current financial years are not reported.

(7) Entities that arise from an obligation to keep accounts or enter into liquidation during the current accounting year, and entities that are bankrupt, shall report on the balance sheet, instead of the information for the previous financial year, the opening balance sheet on the date of the obligation to keep accounts or on the date of entry into liquidation or on the date of effective bankruptcy decision. In the profit and loss account, the information for the previous financial year shall not be provided. This rule shall also apply in the case of division and may be applied in the case of merger by merger and in other cases where the cost of obtaining information for the previous financial year is disproportionate to its importance.

(8) An entity that changes the currency of the accounts shall disclose in its financial statements the data for the previous financial year in the currency of the current period. Paragraph 61e shall apply to the conversion of these data.

(9) The accounts shall be drawn up in the currency of the accounts. Individual items in the financial statements shall be reported in thousands. An entity may report individual items in financial statements in whole million if its total assets (net) are at least 10 000 000 000 units of the currency of the accounting. The method of reporting each item and the designation of the currency of the accounts shall be indicated in all parts of the accounts.

(10) TOTAL ASSETS (net) and TOTAL LIABILITIES must be equal. The item "* * * Result for financial years" shown in the profit and loss account shall be equal to item "A.V. Result of the current financial year" shown in the balance sheet.

HLAVA II

DETERMINATION OF CERTAIN BALANCE SHEET ITEMS

§ 5

Claims on subscribed capital

The item "A. Claims on subscribed capital" shall include claims on subscribers and members of a commercial corporation resulting from the obligation to pay off the capital injection and outstanding shares subscribed.

§ 6

Long-term intangible assets

(1) The item "B.I. Long-term intangible assets" includes, in particular, intangible development results, software, valuable rights and goodwill with a period of validity of more than one year and from the amount of the valuation determined by the entity, with the exception of goodwill, and subject to the conditions set out below and subject to the obligations laid down by law, in particular by respecting the principle of significance and faithful and fair presentation of the property. It also includes emission allowances and preferential limits. The period of application shall be the period during which the property is usable for current or retaining activities or may serve as a basis or part of improved or other processes and solutions, including the period of verification of intangible results.

(2) Furthermore, a technical evaluation of the long-term intangible assets shall be considered as long-term intangible assets from the amount of the valuation determined by the entity for the reporting of individual fixed assets under item "B.I. Long-term intangible assets' in paragraph 1, first sentence:

(a) to which the transferee of the right of use is entitled to account and write-off for a long-term intangible property which he does not charge as property;

(b) small intangible assets, which are the components of assets listed in paragraph 1, if they have a period of application of more than one year and are not recognised under "B.I. Long-term intangible assets" but in costs.

(3) In accordance with paragraph 1:

(a) intangible development and software results such as those and software that are either created by their own trading activities or acquired from other persons;

(b) valuable rights, in particular industrial and similar property items, the results of intellectual creative activities and rights under special legislation5) under the conditions laid down in (a);

(c) goodwill for the purposes of this decree, a positive or negative difference between the valuation of a business establishment acquired by the transfer or transfer for consideration, the deposit or valuation of assets and liabilities in the context of the transformation of a commercial corporation and the sum of its individually revalued components of assets less the debts assumed. Goodwill shall be written off evenly within 60 months of the acquisition of the business establishment to the cost, in the case of a transformation of the business corporation, that goodwill shall be written off to the cost from the relevant date of conversion. The negative goodwill shall be amortised evenly within 60 months of the acquisition of the business establishment to yield, and in the event of the transformation of the business corporation, that goodwill shall be amortised to the proceeds from the relevant date of conversion. Any subsequent change in the purchase price of a business plant shall be adjusted to the value of goodwill or negative goodwill without changing the depreciation period;

(d) emission allowances irrespective of the amount of the valuation:

1. greenhouse gas emission allowances (5a) and emission allowances (5a);

2. emission reduction units and verified emission reductions from project activities (a)

3. units of allotment5a),

(e) preferential limits, in particular individual production quotas 5b) and individual premium rights 5b) irrespective of the amount of the valuation; for the first holder (5b) only if the cost of obtaining information on their valuation of the replacement purchase price would not exceed its significance.

(4) Cases arising from the acquisition of long-term intangible assets, in particular prototypes, models and samples, unless they are excluded for example by reason of sale or liquidation, shall be entered in the relevant asset account in the event of further use in their own business. In the case of a variant procedure for the acquisition of long-term intangible assets or part thereof, all variable solutions are included in the valuation of long-term intangible assets.

(5) Item "B.I.4. Other fixed assets" includes fixed assets not included in other items of fixed assets, in particular emission allowances and preferential limits.

(6) Item "B.I.5.2. Uncompleted long-term intangible assets" shall include purchased long-term intangible assets while they are being acquired until they are put into a state of eligible use.

(7) Heading "B.I.5.1. The advances provided for long-term intangible assets" include short-term and long-term advances and debts granted for the acquisition of long-term intangible assets.

(8) Long-term intangible assets shall become acquired assets placed in a state of eligible use which means the completion of the acquired assets and the fulfilment of the specified functions and obligations laid down by the legislation governing its use. The same procedure shall apply in the case of a technical evaluation.

(9) Long-term intangible assets are not in particular expert opinions, market surveys, development plans, proposals for promotional and advertising actions, certification of the quality system 5c) and software for technology management or for devices that cannot function without this software. In addition, an entity may decide that long-term intangible assets are not primarily technical audits5d) and energy audits5e), forest economic plans5f) and guide5g).

§ 7

Long-term tangible assets

(1) The item "B.II.1.1. Land" contains land regardless of the amount of the valuation if they are not goods (Section 9 (5)). This item does not contain parts of land which are amortised and are recorded as assets or parts thereof under the headings "B.II.1.2. Construction," "B.II.4.1. Cultivation units for permanent crops" and "B.II.4.3. Other fixed assets" referred to in paragraph 6 (a).

(2) The entry "B.II.1.2. Construction" contains, regardless of the amount of the valuation and the period of application

(a) construction (6) including buildings, mining works and mining structures under the surface, water works and other construction works under special legislation5d);

(b) the right of construction if it is not goods (§ 9 (5)),

(c) opening of new quarries, sandstone and clay,

(d) technical reclamation, except as otherwise provided in specific legislation;

(e) apartments and non-residential premises defined as units; in the case of common parts of real estate, paragraph 1 shall apply mutatis mutandis.

(3) Heading "B.II.2. The material movable goods and their files" contain:

(a) articles of precious metal, regardless of the amount of the valuation;

(b) tangible movable goods and their sets of separate technical and economic determinations with a period of validity of more than one year and from the amount of the valuation determined by the entity, subject to compliance with the obligations laid down by law, in particular by respecting the principle of significance and faithful and fair display of the property. Subheading "B.II.2.. Substantial movable goods and their sets of goods" shall be treated as small tangible assets for which an entity accounts as stocks.

(4) The entry "B.II.4.1. Cultivation units of permanent crops" contains:

(a) fruit trees or fruit bushes planted on a continuous parcel of more than 0,25 hectares in a density of at least 90 trees or 1000 shrubs per hectare;

(b) permanent crops of vineyards and hops without supporting structures.

(5) Heading "B.II.4.2. Adult animals and their groups" contain adult animals and their groups (for example, herds, flocks), with a shelf life of more than one year and from the amount of the valuation determined by the entity, in compliance with the obligations laid down by law, in particular by respecting the principle of significance and fair and fair display of property. For adult animals and their groups with a shelf life of more than one year not reported under "B.II.4.2. Adult animals and their groups" shall be accounted for as stocks.

(6) Heading "B.II.4.3. Other fixed assets" includes regardless of the valuation

(a) bearings of unreserved mineral or parts thereof purchased or acquired by a deposit as part of the land after 1 January 1997 to the extent defined by the geological survey and subject to the conditions laid down in Sections 56 (2) (d) and 56 (5);

(b) works of art which are not part of the construction, collection, movable cultural monuments, 9) objects of cultural value 10) and similar tangible movable goods provided for by specific legislation; 11) where applicable, their sets;

(c) material burdens on land and construction, except for the right of use, unless they are recognised as part of the valuation of item "B.II.1.2. Construction" or as part of the valuation of item "C.I. Stocks."

(7) "B.II.1.2 Construction" and "B.II.2." Subsequently, material movable goods and their sets "shall include a technical evaluation from the valuation level set out in Paragraph 47 (4):

(a) the assets referred to in Paragraph 28 (5) of the Act;

(b) small tangible property.

(8) Heading "B.II.5.2. Uncompleted tangible fixed assets" contains acquired tangible fixed assets for the duration of its acquisition until they are put into a state of use.

(9) Heading "B.II.5.1. The advances provided for long-term tangible assets" includes short-term and long-term advances and debts granted for the acquisition of long-term tangible assets.

(10) Item "B.II.3. The valuation difference to the acquired assets" includes a positive (active) or negative (passive) difference between the valuation of a business establishment acquired by the transfer or transfer for consideration, the deposit or valuation of assets and liabilities in the context of the transformation of a commercial corporation and the sum of the valuation of its individual components of assets in the accounts of the entity selling, depositing, dying or distributed by the divestment minus the debt received. The active valuation difference to the acquired assets shall be amortised equally 180 months from the acquisition of the business establishment to the costs, in the case of the transformation of the commercial corporation, the valuation difference to the acquired assets shall be amortised to the costs from the relevant date of conversion. The passive valuation difference to the acquired assets shall be amortised evenly 180 months from the acquisition of the business establishment to the proceeds; in the case of the transformation of the commercial corporation, the valuation difference to the acquired assets shall be amortised to the proceeds from the relevant date of conversion. If they are not part of a acquired asset for which a valuation difference is made up, assets with a shelf life of more than 15 years, an entity may decide on a depreciation period of an active or passive valuation difference of less than 180 months; the entity shall justify that fact in the notes in the financial statements. The non-written part of the active or passive valuation difference to the acquired assets shall be written off on a one-off basis when the last component of the long-term intangible or tangible assets is disposed of. Any subsequent change in the purchase price of a trading venue shall be adjusted to the value of the active or passive valuation difference to the acquired assets, without any change in the depreciation period.

(11) Long-term tangible property becomes purchased goods placed in a state of use which means the completion of the case and the fulfilment of the technical functions and obligations laid down in the specific legislation12) for use (fitness to operate). The same procedure shall apply in the case of a technical evaluation. This provision shall not apply in the case of acquired goods which have been put into a state of use before being acquired and do not require assembly with the acquirer.

§ 8

Long term financial assets

(1) Item "B.III.5. Other long-term securities and shares" includes in particular shares not reported under "B.III.1. Shares - controlled or controlling person 'and" B.III.3. Shares - material influence', debt securities for which an entity has an intention and ability to hold them to maturity and other long-term securities for which, as a rule, the entity's intention is not known at the time of acquisition. For the purposes of this decree, a security of a credit nature, such as a fixed rate bond, a bond where the interest income is determined by the difference between the nominal value and its lower issue rate, and a note.

(2) Heading "B.III.7.1. Other long-term financial assets' include, in particular, precious metals and stones, or articles of precious metals and stones, unless they are reported under item" B.II. Long-term tangible assets "or" C.I. Stocks. "

(3) Heading "B.III.7.2. The advances provided for long-term financial assets" includes short-term and long-term advances and debts granted for the acquisition of long-term financial assets.

§ 9

Stocks

(1) The item "C.I.1. Material" contains in particular:

(a) raw materials, that is the basic material which, during the production process, transmits wholly or partly into and forms the essence of the product;

(b) excipients which also pass directly into the product but do not form the essence of the product, such as paint on products,

(c) substances needed to ensure the operation of the entity, such as lubricants, fuel, cleaning products;

(d) spare parts including spare parts intended for component replacement;

(e) packaging and packaging materials, unless they are charged as long-term property or goods;

(f) other movable goods with a period of validity of one year or less, irrespective of the amount of the valuation;

(g) tangible movable goods and their sets with a shelf life of more than one year, not declared under "B.II.2.. Substantial movable goods and sets of goods', considered to be small tangible property for which the entity accounts as stocks,

(h) experimental animals 12c).

(2) The entry "C.I.2. Unfinished production and semi-finished products" includes:

(a) products which have undergone one or more stages of production and are no longer material but are not yet finished; This item also includes unfinished business in which tangible products are not produced,

(b) separately registered products are semi-finished products that have not yet passed all production stages and will be completed or assembled into finished products in the entity's next manufacturing process.

(3) The item "C.I.3.1 Products" contains items of own production intended for sale or consumption within an entity.

(4) The entry "C.I.4. Young and other animals and their groups" contains animals and their groups, including slaughter animals 12d) not reported under "B.II.4.2. Adult animals and their groups'," C.I.1. Material 'and "C.I.3.2. Goods'.

(5) Heading "C.I.3.2. Goods" includes movable goods and animals acquired for sale when an entity trades such goods and animals. The entry also includes products of own production which have been activated and handed over to their own stores, and animals of their own stock which have matured have been activated and are intended for sale except for slaughter animals 12d). The item also includes immovable property that an entity that is engaged in the purchase and sale of immovable property purchases for sale and does not itself use, lease and make technical assessments.

(6) Item "C.I.5. The advances on stocks provided" includes short and long-term advances and subsidies granted for the acquisition of stocks.

(7) Stocks shall be accounted for on an ongoing basis by A or periodically by B. For method A, stocks shall be charged during the accounting year using accounts in account class 1. For method B, in account class 1: Stocks shall be charged at the end of the balance sheet day on the basis of stock stocks according to stock records. Method B may be used by entities only if they ensure that stock records are documented in such a way that they are able to demonstrate the stock situation during the accounting year, including the valuation of these stocks under the law.

§ 10

Long-term receivables

(1) The heading "C.II.1. Long-term receivables" includes claims which, at the time when the accounts are drawn up, have a maturity of more than one year and a deferred tax claim.

(2) entry "C.II.1.1 Credits from business relationships" contains, in particular, claims from business relationships for all entities.

(3) Heading "C.II.1.2. Claims - Controlled or Controlling Person 'shall include claims on controlled persons, between controlled persons and persons controlled, with the exception of claims reported under other items.

(4) entry "C.II.1.3 Claims - material influence 'contains claims on entities that are subject to material influence, between entities that are subject to material influence and those of entities that are subject to material influence, with the exception of those reported under other items.

(5) Heading "C.II.1.5.1. Creditors' claims' include, in particular, claims on members of a trading corporation and those associated with a company, with the exception of those reported under other items. It contains, in particular, claims equivalent to the prescribed remuneration of the loss and claims on the members of the company.

(6) Heading C.II.1.5.2. Long-term advances "includes long-term advances and debts, with the exception of advances and debts for long-term intangible assets, fixed-term tangible assets, long-term financial assets, stocks and advances reported under" C.II.2.4.4. Short-term advances granted. "

(7) Heading "C.II.1.5.3. Outstanding accounts" contains amounts of claims established, for example, under contracts that are expected to be due more than one year, which are not supported by all necessary documents, and therefore the exact amount is not known.

(8) entry "C.II.1.5.4. Other claims" includes, for all entities, in particular, long-term claims on employees, claims on the sale of a business establishment, claims on the part of a business establishment, options purchased, claims on account of compensation for mangoes and damages and long-term claims on debt issued.

§ 11

Short-term receivables

(1) The heading "C.II.2. Short-term receivables" includes claims which, at the time when the accounts are drawn up, have a maturity of one year or less.

(2) The scope of the definition of the individual items of short-term claims is similar to that of the long-term claims in Section 10 with the derogations referred to in paragraphs 3 and 4.

(3) Items "C.II.2.2 Claims - controlled or controlling person 'and" C.II.2.3 The claims - material influence' include loans and loans granted.

(4) The heading "C.II.2.4.1. Credits for partners" includes, in addition to the headings under "C.II.4." Credits for members "in particular short-term loans to members of the commercial corporation and transfer of costs and revenues between members of the company.

(5) The heading "C.II.2.4.3. The State - tax claims" includes, in particular, direct and indirect taxes and tax advances paid. If an entity applies Paragraph 16 (3) to the income tax provision, it shall not recognise the item "C.II.2.4.3. State - tax claims' in total but reduced by the expected tax up to the amount of the income tax advances paid. An entity shall describe this fact in the notes in the financial statements.

(6) The heading "C.II.2.4.6. Other claims" contains, in addition to the headings under "C.II.1.5.4. Other claims" in particular, claims by depositors on deposit until the time of entry in the Commercial Register and loans granted, with the exception of loans and loans reported under "C.II.2.2. Claims - Controlled or Controlled Person," "C.II.2.3. Claims - material influence 'and" C.II.2.4.1. Claims on associates'.

§ 12

Short-term financial assets

The item "C.III. Short-term financial assets' includes, in particular, securities that an entity has designated for trading in order to make a profit from price differences in the short term, up to a maximum of 12 months, debt securities with a maturity of one year or less for which an entity has the intention and ability to hold them to maturity, and other short-term securities and shares for which the entity's intention is not known at the time of acquisition. There are also purchased warrants.

§ 12a

Cash

(1) Item "C.IV.1. The cash in the cash register" contains the cash in the cash register and the price, or the money on the way related to this item.

(2) Item "C.IV.2. Financial assets in accounts" contains balances of funds in accounts in particular in banks or savings and credit cooperatives, or on a journey related to this item. The passive balance on the cash account at the end of the balance sheet is the content of short-term liabilities under item "C.II.2. Liabilities to credit institutions'.

§ 13

Accruals in balance sheet assets

(1) Accruals in balance sheet assets may be reported under item "C.II.3. Accruals on assets" or under "D. Accruals on assets." An entity shall determine which reporting method to choose at the latest at the balance sheet date; a combination of both reporting methods is not acceptable.

(2) The item "C.II.3. Accruals of assets" and "D. Accruals of assets" contains accruals which have an active balance. The perspective for accounting and reporting accruals is that at the time of their accounting, their purpose (actual definition), the amount and periods concerned are also known.

(3) Heading "C.II.3.1. Cost of future periods" and "D.1." The costs of future periods', contains expenditure relating to the costs of future financial years.

(4) Heading "C.II.3.2. Complex costs of future periods', respectively" D.2. The complex costs of future periods', contains items relating to the costs of future financial years and which are cumulatively related to the purpose.

(5) Heading "C.II.3.3 Revenue from future periods', respectively" D.3. Revenue accruing from future periods', includes amounts not received by the entity that are related in time and in substance to the income of the current accounting year and are not charged directly to the accounts of the receivables.

§ 14

Capital

(1) Item "A.I.1. The capital" includes the registered capital of commercial corporations, registered and unregistered capital of public undertakings, capital of commercial corporations not necessarily registered. This item also includes, for a natural person, the difference between business property and business debt taking into account fair value accounting under the relevant equity item.

(2) Item "A.I.3. Changes in capital" shall include changes in capital reported by the relevant commercial corporations prior to the entry in the Commercial Register of changes in capital.

Citation	Decree No. 500 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entrepreneurs accounting in the dual accounting system
Regulation Type	Order
Author	-
Collection	Code of Laws

Date of Promulgation	05.12.2002
Effective from	01.01.2003
Effective until	-
Status	Valid

Decree No. 500 / 2002 Coll.

Decree implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entrepreneurs accounting in the system of double accounting

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