Decree of the Minister of Finance No. 78 / 1961 Coll.
Decree of the Minister for Finance on the amendment of the financial management arrangements of certain economic organisations
Valid
Effective from 01.01.1962
78
DECLARATION
Minister for Finance
of 12 July 1961
amending the adjustment of the financial management of certain economic organisations
In order to increase the efficiency of premium funds and simplify administration in the context of the introduction of the payment of premium funds from profits on the basis of the Resolution of the Government of the Czechoslovak Socialist Republic of 14 July 1960, the Minister of Finance pursuant to § 11 of Act No. 83 / 1958 Coll., on the modification of financial planning and financial management of national and other economic organisations of the state socialist sector, after consulting the central authorities and selected undertakings, makes a partial amendment to Decree No. 123 / 1960 Coll.
Undertakings whose premium fund (premium fund limit) is made up of profits as well as the authorities, if they are superior, do not fall within the scope of § § § 19, 20, 23, 24, 25, 28, 33 and 52 of the Finance Minister Decree No. 123 / 1960 Coll., on the financial resources of certain economic organisations of the State Socialist sector and on the reimbursement of their losses, but instead the corresponding provisions of that decree. *)
(1) After approval of the State budget by the Government, the leading undertaking shall determine the amount of the annual profit contribution to the undertakings forming the economic unit, taking into account their proposals. This planned contribution must be in line with the government's task of making a profit, with long-term shares, as well as with the relevant amounts of the premium fund (premium fund limit) and sickness insurance insurance against that fund.
(2) Where an undertaking has a profit margin ratio, the amount of its planned profit contribution for the current year shall be adjusted according to the economic result approved in the final assessment of the results of its management for the previous year. the planned contribution shall be adjusted by the difference between the actual and expected economic result of the previous year. This difference shall be reduced by the profit contribution plan if the actual result is lower than expected and if the actual result is higher than expected. An undertaking which does not change or reduce the profit growth plan against the plan is only to make the adjustment provided for in the profit contribution. However, if at the same time the planned premium fund (premium fund limit) or the planned sickness insurance insurance cover is reduced, it shall increase the difference resulting from this reduction by the planned contribution. The company that increases the profit growth plan against the plan will increase the adjusted profit contribution, so that the planned contribution is equal to the amount remaining from the planned profit creation after deduction of the relevant share of the profit increase, the premium fund (premium fund limit) and the sickness insurance premium to that fund. Adjustments shall be made within three days of the approval of the financial management results.
(3) If, in a case other than that referred to in paragraph 2, an undertaking increases its profit-gain plan against the plan, it shall at the same time increase the profit-gain contribution plan, in such a way as to make the contribution equal to the amount remaining from the planned profit-making after deduction of the relevant share of the undertaking in the profit-gain gain, the premium fund (premium fund limit) and the sickness insurance premium to that fund. If the company does not increase the profit-gain plan against the plan, but reduces the planned premium fund (premium fund limit) or the planned sickness insurance insurance for that fund, it shall increase the difference resulting from this reduction by the planned profit contribution.
(4) In its business plan, the enterprise shall divide the profit contribution set out or adjusted in accordance with the preceding paragraphs for each quarter in the same proportion as the profit-making plan is allocated to each quarter in the business plan. If the quarterly profit-making plan is lower than the sum of the quarterly profit-making payment calculated in that manner and the planned quarterly amounts of the premium fund (premium fund limit) and the sickness insurance premium insurance premium fund, the profit-making contribution planned for the relevant quarter shall be reduced so that the relevant quarterly premium fund amounts (premium fund limit) and the sickness insurance premium insurance premium fund may be included in the quarterly plan. The amount by which the planned quarterly profit contribution is reduced shall be planned by the undertaking as a contribution in the other quarters, in the same proportion as in the business plan, as the profit-making plan. However, where necessary, the firm may plan an earlier payment of the difference from the reduction made in the planned quarterly profit contribution.
(1) On the 13th and 26th day of each month, the undertaking shall pay to the management undertaking, after one sixth of the amount of the planned profit contribution for the relevant quarter (Section 2 (4)).
(2) An undertaking which increases the profit contribution plan referred to in Article 2 (2) will pay a supplement for the previous period of the current year resulting from the increase in the profit contribution plan made within three days of the approval of the financial results.
(3) For undertakings which have made a profit less than the sum of the total expected profit contribution, the amount to be transferred from that profit to the premium fund (drawn against the premium fund limit) and the relevant amount of the sickness insurance insurance covered by that fund, during the quarter, shall be used for the planned contributions of the entire profit generated without part of the profit allocated to the premium fund (for the premium fund ceiling payments) and for sickness insurance premiums. At the end of each month, the undertaking shall determine, on the basis of the balance sheet drawn up, whether it has complied with the obligation laid down in the preceding sentence and, where applicable, shall pay the arrears on the profit generated, unless it is intended for the premium fund (for payments against the premium fund limit) and for sickness insurance. The payment of the outstanding payment shall be made by the undertaking at the latest at the same time as the payment of the planned profit immediately following the deadline set by the Ministry of Finance for submission of the monthly (quarterly) balance sheet. The excess payment, if the profit generated is not sufficient to cover it (without part of the profit for the premium fund, or for the payment for the premium fund limit, and for sickness insurance), shall be paid by the undertaking from the own financial resources referred to in Section 4 of Decree No 123 / 1960 Coll., at the latest at the same time as the contribution of the planned profit immediately following the deadline set by the Ministry of Finance for the submission of the quarterly (annual) balance sheet.
(4) If the company achieves a higher profit than planned (excess profit), it will further increase the profit contributions on a quarterly basis on the basis of the profit reported in the quarterly (annual) balance sheet, so that the amount retained by the undertaking from the beginning of the year remains increased by a proportion of the excess profit corresponding to the percentage of the profit gain (profit share) determined as well as the corresponding amounts of the premium fund and sickness insurance covered by that fund. The supplement shall be paid by the undertaking within three days of the deadline set for the submission of the quarterly (annual) balance sheet to the manager.
(5) If the undertaking has fulfilled the planned profit but is entitled to transfer to its premium fund an amount lower than that planned, it shall pay the manager the difference at the latest at the same time as the contribution of the planned profit immediately following the deadline set by the Ministry of Finance for the submission of a monthly (quarterly) balance sheet.
(1) If the company fails to make a contribution under Sections 2 and 3 of this Decree and Sections 21 and 22 of Decree No 123 / 1960 Coll. in due time and in full, the management may order the undertaking to pay a penalty payment of 1 ° of the amount not paid in due time for each day of delay.
(2) An undertaking which has used the profit payment made during the quarter within the deadline for the payment of the total profit generated without part of the profit for the premium fund (for payments against the premium fund limit) and for sickness insurance premiums is not obliged to pay periodic penalty payments on the amount of profits not paid in due time. This is the case, mutatis mutandis, if the company has used the cash-out of the planned profit payment within the period laid down in Paragraph 3 (3) in addition to the profit generated, unless it was intended for the premium fund (for the premium fund's payments) and for sickness insurance insurance, including all its own financial resources.
(1) After approval of the State Budget by the Government, the Ministry shall determine the amount of the annual planned contribution to the State Budget and the Ministry directly to the subordinate undertaking, taking into account its proposal. These planned contributions must be in line with the government's task of making a profit, with long-term shares, as well as with the relevant amounts of the premium fund (premium fund limit) and sickness insurance insurance contributions for that fund.
(2) Where an undertaking has a share of the increase in profits, the amount of its planned contribution to the State budget for the current year shall be adjusted according to the economic result approved in the final assessment of the results of its management for the previous year. the planned contribution to the State budget shall be adjusted by the difference between the actual and expected economic result of the previous year. The difference shall be reduced by that difference, if the actual result is lower than expected, and if the actual result is higher than expected. An undertaking which does not change or reduce the profit growth plan against the plan is only to make the adjustment provided for in the profit contribution. However, if at the same time the planned premium fund (premium fund limit) or the planned sickness insurance cover cover fund is reduced, it shall increase the difference resulting from this reduction by the planned contribution to the Ministry. An undertaking that increases the profit margin plan against the plan to be made available shall increase its planned share of the profit increase in such a way that the increased amount of the share corresponds to the fixed percentage, shall include in the plan the relevant amount of profit allocated to the premium fund (for the payment against the premium fund's limit) and to the sickness insurance premium insurance relating to that fund, shall increase the adjusted contribution from the profit to the State budget so that the State budget contributes to the profit increase in the same proportion as it participated in the profit increase under the modified plan; the remainder of the planned profit consists of the planned contribution to the Ministry. Adjustments shall be made within three days of the approval of the financial management results.
(3) If, in a case other than that referred to in paragraph 2, an undertaking increases the profit margin plan against the plan, it shall at the same time increase its planned share of the profit increase in such a way that the increase in the interest rate is equivalent to the fixed percentage, it shall include in the plan the relevant amount of profit allocated to the premium fund (for the payment against the premium fund limit) and in the insurance premiums covered by that fund shall increase the planned contribution from the profit to the State budget so that the State budget contributes to the profit increase in the same proportion as the share in the profit margin according to the plan on which the company's last profit contribution was established; the remainder of the planned profit consists of the planned contribution to the Ministry. If an undertaking does not increase the profit-gain plan against the plan, but reduces the planned premium fund (premium fund limit) or the planned sickness insurance cover for that fund, it shall increase the difference resulting from this reduction by the planned contribution to the Ministry.
(4) In its business plan, the enterprise shall divide the profit contribution set out or adjusted in accordance with the preceding paragraphs for each quarter in the same proportion as the profit-making plan is allocated to each quarter in the business plan. If the quarterly profit-making plan is lower than the sum of the quarterly profit-making payment calculated in that manner and the planned quarterly amounts of the premium fund (premium fund limit) and the sickness insurance premium insurance premium fund, the profit-making contribution planned for the relevant quarter shall be reduced so that the relevant quarterly premium fund amounts (premium fund limit) and the sickness insurance premium insurance premium fund may be included in the quarterly plan. The amount by which the planned quarterly profit contribution will be reduced shall be planned by the undertaking as a contribution in the other quarters, in the same proportion as in the business plan, as the profit-making plan. However, where necessary, the firm may plan an earlier payment of the difference from the reduction made in the planned quarterly profit contribution.
(1) The planned profit is paid by the undertaking to the State budget and to the Ministry on the 13th and 26th days of each month after one sixth of the amount of the planned profit contribution for the relevant quarter.
(2) An undertaking which increases the profit contribution plan referred to in Article 5 (2) will pay a supplement for the previous period of the current year resulting from the increase in the profit contribution plan not later than three days after the approval of the financial management results.
(3) If the undertaking achieves an excess profit, it will retain from the excess profit the amount corresponding to the fixed percentage of the profit gain (profit share) as well as the relevant amount of the premium fund and the sickness insurance insurance insurance insurance fund, increase the contribution to the State budget so that the State budget will contribute to the predetermined profit in the same proportion as that in which it participates in the profit gain (in profit) according to the plan on the basis of which the company's last profit contribution was determined; the rest of the excess profit is carried out by the enterprise to the Ministry. The supplement to the State Budget and the supplement to the Ministry shall be paid by the company to the Ministry within three days of the deadline set by the Ministry of Finance for the submission of a quarterly (annual) balance sheet.
(4) If the company has fulfilled the planned profit but is entitled to transfer to its premium fund an amount lower than that planned, it shall pay the difference to the Ministry at the latest at the same time as the contribution of the planned profit immediately following the deadline set by the Ministry of Finance for the submission of a monthly (quarterly) balance sheet.
(5) Otherwise, the provisions of Paragraph 3 (3) apply mutatis mutandis to profits.
(6) The company transfers profits to the State Budget to the Ministry's bank account, which is the State Budget account.
(1) If the undertaking fails to make a contribution to the State budget in due time and in full, it is obliged to pay a penalty of 1 ° of the amount not paid in due time for each day of delay.
(2) If the company fails to make a payment to the Ministry in due time and in full, the Ministry may order it to pay its costs for each day of delay of a penalty of 1 ° of the amount not paid in due time. The penalty paid to the Ministry shall constitute its centralised source.
(3) An undertaking which has used the profit payment made during the quarter within the deadline for the payment of the total profit generated without part of the profit to be paid to the premium fund (payment against the premium fund limit) and insurance sickness insurance shall not be obliged to pay a penalty on the amount of the profit not paid in due time. This is the case, mutatis mutandis, if the company has used the cash-out of the planned profit payment within the period laid down in Paragraph 3 (3) in addition to the profit generated, unless it was intended for the premium fund (for the premium fund's payments) and for sickness insurance insurance, including all its own financial resources.
(1) Paragraph 5 (1) to (3) applies mutatis mutandis to the determination and adjustment of the amounts of the contributions from profits to the State budget and to the Ministry.
(2) The head of the holding shall divide in the business unit plan set out or adjusted profit-making contributions per quarter, in the same proportion as in the business unit plan, the profit-making plan for each quarter. If the quarterly profit-making plan of the economic unit is lower than the sum of the quarterly profit-making payment calculated in that manner and the planned quarterly premium fund amounts (premium fund limit) and the sickness insurance premium insurance premium insurance premium premium insurance premium premium insurance premium premium insurance premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium premium The amount by which the planned quarterly profit contribution will be reduced shall be planned by the managing undertaking as a contribution in the other quarters, in the same proportion as the profit-making plan is set out in the economic unit plan for that quarter. However, the manager may, where necessary, plan an earlier payment of the difference from the reduction of the planned quarterly profit contribution.
(3) The planned profit is to be paid to the State Budget and the Ministry on the 16th and the penultimate day of each month, after one sixth of the amount of the planned contribution for the relevant quarter.
(4) If the economic unit increases the profit contribution plan referred to in Article 5 (2), the management undertaking shall pay the additional fee for the previous period of the current year resulting from the increase in the profit contribution plan made within three days of the approval of the financial results.
(5) If an economic entity achieves an excess profit, it shall retain from the excess profit the amount corresponding to the fixed percentage of the profit gain (profit share) as well as the corresponding amount of the premium fund and the sickness insurance insurance insurance fund, increase the contribution to the State budget so that the State budget contributes to the predetermined profit in the same proportion as that in which it participates in the profit gain (in profit) according to the plan on the basis of which the last profit contribution was determined for the economic unit; the remainder of the excess profit shall be carried out by the management of the enterprise to the Ministry. The supplement to the State Budget and the supplement to the Ministry shall be paid to the management within three days of the deadline set by the Ministry of Finance for the submission of the quarterly (annual) balance sheet of the economic unit.
(1) If the company's actual profit for the period from the beginning of the year to the end of the month in question is lower than the profit planned for the same period, the company shall use the profit left over after the planned contributions and deduction of the corresponding amounts of the premium fund (payment against the premium fund limit) and the sickness insurance premium insurance for that fund, in particular for the planned increase in own funds.
(2) If an undertaking shows, on balance sheet, a surplus profit from the beginning of the year to the end of the month in question, it shall retain an amount of 15%. It shall use this amount in operation or under specific rules to finance decentralised construction. In addition, the undertaking shall retain the relevant amount of the premium fund and sickness insurance for that fund from the excess profit. The remainder of the excess profit shall be carried out by the undertaking to the manager. The company subordinate directly to the Ministry will transfer the remainder of the overpaid profits to the state budget.
This Decree shall take effect on 1 January 1962.
First Deputy Minister:
Succharda v. r.
*) Tj. § 2 of this Decree instead of § 19 of Decree No. 123 / 1960 Coll., § 3 of this Order instead of § 20 of Decree No. 123 / 1960 Coll. etc.
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Regulation Information
| Citation | Decree of the Minister of Finance No. 78 / 1961 Coll., on the amendment of the financial management arrangements of certain economic organisations |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 04.08.1961 |
|---|---|
| Effective from | 01.01.1962 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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