PBU 13/2000 “Accounting for state aid”: changes and latest edition

Reason for change

The main purpose of adjusting PBU 13/2000 is to bring the accounting rules for received government assistance in accordance with IAS 20 “Accounting for government subsidies and disclosure of information about government assistance.”

When to start using

Organizations are required to apply the changes provided for by Order No. 248n, starting with the financial statements for 2020.

However, it is not forbidden to decide on an earlier start to apply the new latest edition of PBU 13/2000. Let us recall that such a decision must be disclosed in the organization’s financial statements for the year in which the changes will be applied for the first time (in accordance with PBU 1/2008 “Accounting Policies of the Organization”).

Also see “Latest edition of PBU 18/02: who should apply.”

The scope of application of PBU 13/2000 was clarified

The subject of regulation of PBU 13/2000 is state aid provided to organizations from the budgets of the budgetary system of the Russian Federation. Order No. 248n also includes state aid provided from the budgets of state extra-budgetary funds (PFR, Social Insurance Fund, Compulsory Medical Insurance) within the scope of this PBU.

The list of cases in which this PBU is not applied has also been added. It includes the following cases of receiving government assistance, recognized as an economic benefit to the organization associated with:

with the participation of Russia, regions and municipalities in the authorized funds of state unitary enterprises and municipal unitary enterprises, including the provision of budgetary funds in connection with such participation (previously associated only with participation in the authorized (share) capitals of legal entities);
reimbursement from the budget of income lost by the organization or financial support (reimbursement) of costs in connection with the production (sale) of goods, performance of work, provision of services on a contractual basis.

I. General provisions

This Regulation establishes the rules for the formation in accounting of information on the receipt and use of state assistance provided to commercial organizations (except for credit organizations) that are legal entities under the legislation of the Russian Federation (hereinafter referred to as organizations), and recognized as an increase in the economic benefit of a specific organization as a result of the receipt of assets ( cash, other property).

When applying this Regulation, the creation of infrastructure in developing regions, the establishment of restrictions on the activities of competitors occupying a dominant position in the market and carrying out monopolistic activities, etc. are not considered as economic benefits. actions that may have an impact on the general economic conditions in which the organization operates.

This Regulation does not apply to economic benefits associated with:

state regulation of prices and tariffs;
application of appropriate rules of profit taxation (providing tax benefits, deferment or installment plans for the payment of taxes and fees, investment tax credits, etc.);
participation of the Russian Federation, constituent entities of the Russian Federation and municipalities in the authorized (share) capital of legal entities (budgetary investments to legal entities).

Based on these Regulations, accounting information is generated on state assistance provided in the form of subventions, subsidies (hereinafter subventions and subsidies are referred to as budget funds), budget loans (with the exception of tax credits, deferments and installments for the payment of taxes and payments and other obligations), including provision in the form of resources other than money (land, natural resources and other property), and in other forms. Information on state assistance is generated regardless of the type of resources provided (in the form of funds and/or in the form of resources other than funds).

For accounting purposes, budget funds are divided into:

funds to finance capital expenses associated with the purchase, construction or other acquisition of non-current assets (fixed assets, etc.). The provision of these funds may be subject to additional conditions limiting the acquisition of certain types of assets, their location, or the timing of acquisition and ownership; funds to finance current expenses. These include budget funds other than those intended to finance capital expenditures.

Changed the composition of balance sheet indicators disclosing information about state aid

The updated latest edition of PBU 13/2000 establishes a new composition of balance sheet indicators that disclose information about the state aid received by the organization.

Let us note that previously the balance of budget funds provided to the organization was subject to reflection under the item “Deferred income” or separately in the section “Short-term liabilities”.

As a result, taking into account materiality, individual items in the balance sheet now include:

unused balance of provided budget funds as part of targeted financing;
accounts receivable for budget funds accepted for accounting;
accounts payable for the return of budget funds recognized in accounting;
deferred income recognized in connection with government assistance received to finance current expenses as part of short-term liabilities.

Accounting for budgetary funds

5. The organization accepts budget funds, including resources other than cash, for accounting purposes if the following conditions are met:

there is confidence that the conditions for the provision of these funds by the organization will be met. Confirmation may be contracts concluded by the organization, decisions made and publicly announced, feasibility studies, approved design and estimate documentation, etc.;
there is confidence that the specified funds will be received. Confirmation may be an approved budget schedule, notification of budget allocations, limits of budget obligations, acts of acceptance and transfer of resources and other relevant documents.

6. If an organization is provided with state assistance in the form of resources other than cash (land plots, natural resources and other property), these resources are accepted for accounting in an amount equal to the value of the assets received or to be received. The value of the assets received or to be received is determined by the entity on the basis of the price at which, in comparable circumstances, it would normally fix the value of the same or similar assets.

7. Budgetary funds accepted for accounting in accordance with paragraph 5 of these Regulations are reflected in accounting as the occurrence of targeted financing and debt on these funds. As funds are actually received, the corresponding amounts reduce the debt and increase the accounts for cash, capital investments, etc. If budget funds are recognized in accounting as resources are actually received, then with the emergence of targeted financing, the accounts for cash, capital investments, etc. increase.

8. Budget funds are written off from the target financing account as an increase in the financial results of the organization. At the same time, depreciation charges are accrued in accordance with the general procedure for non-current assets acquired at the expense of budgetary funds and subject to the current rules of depreciation.

9. Write-off of budget funds from the target financing account is carried out on a systematic basis:

amounts of budgetary funds for financing capital expenditures - during the useful life of non-current assets subject to depreciation in accordance with the current rules, or during the period of recognition of expenses associated with fulfilling the conditions for the provision of budgetary funds for the acquisition of non-current assets not subject to depreciation in accordance with the current rules. In this case, targeted financing is taken into account as deferred income when non-current assets are put into operation with subsequent assignment during the useful life of non-current assets in the amount of accrued depreciation to the financial results of the organization as non-operating income;
the amount of budget funds to finance current expenses - during the periods of recognition of the expenses for which they were provided. In this case, targeted financing is recognized as deferred income at the time inventory is accepted for accounting, wages are calculated and other expenses of a similar nature are incurred, with subsequent attribution to income of the reporting period when inventory is released for production or work. (provision of services), calculating wages and other expenses of a similar nature.

If the allocation of budget funds is associated with the fulfillment of certain conditions, then the period during which the amount is written off from the target financing account should be determined based on the time of recognition of certain types of expenses.

10. Budgetary funds provided in the prescribed manner to finance expenses incurred by the organization in previous reporting periods are reflected as the occurrence of debt for such funds and an increase in the financial result of the organization as non-operating income.

11. Any contingent liabilities and contingent assets associated with budgetary funds recognized in the accounting records of the organization are considered in accordance with the Accounting Regulations “Contingent facts of economic activity” PBU 8/98 (approved by order of the Ministry of Finance of Russia dated November 25, 1998 No. 57n , registered with the Ministry of Justice of Russia on December 31, 1998, registration number 1675).

12. If an organization has actually received budget funds, but there is no sufficient confidence that it will fulfill the conditions for the provision of these funds, then the occurrence of targeted financing and the receipt of funds, capital investments, etc. are reflected in the accounting records. These amounts are accounted for as earmarked funding until there is sufficient evidence that the organization will comply with the conditions for their provision.

13. If in the reporting year circumstances arise in connection with which the organization must return resources recognized earlier in the same year as budgetary funds in accordance with paragraph 5 of these Regulations, then corrective entries are made in the accounting records.

14. If in the reporting year circumstances arise in connection with which the organization must return funds received as state aid in previous years, then the following is recorded for the amount to be returned:

in terms of budget funds provided to finance capital expenditures - to a decrease in targeted funding and the emergence of debt to repay them. At the same time, the financial results of the organization are reduced and target funding is restored for the amount of depreciation of fixed assets and intangible assets that was accrued and the unwritten off amount of deferred income;
in terms of budget funds to finance current expenses - to reduce targeted financing and the occurrence of debt to repay them. If the amount to be returned exceeds the corresponding balance of target financing, or there is no such balance at all, then an entry is made in the accounting records to reduce the financial results of the organization and the occurrence of debt for their return.

15. The accounting procedure for budgetary funds does not depend on the type of resources provided to the organization (cash, assets other than cash), as well as the method of their provision (actual transfer, reduction of obligations to the state).

The list of information disclosed in accounting reports has been supplemented

PBU 13/2000 establishes a minimum list of information about state aid received by an organization. In connection with the introduced right to choose the methods of presenting information about received budget funds, the specified list has been supplemented: the organization is obliged to disclose in its reporting the chosen methods of presenting information.

Also see “The Ministry of Finance has changed the PBU on accounting for income tax calculations.”

III. Accounting for budget loans and other forms of government assistance

16.

Budget loans provided to organizations are reflected in accounting in the general manner adopted for accounting for borrowed funds.

17.

If, when providing budget loans on a repayable basis, it is stipulated that if certain conditions are met, the organization is exempt from returning the resources received, and there is sufficient confidence that the organization will fulfill these conditions, then such funds are accounted for in the manner established by these Regulations for accounting for budget funds.

18.

A benefit provided to an organization that cannot be reasonably assessed (providing consulting services free of charge, providing guarantees, interest-free loans or loans with a reduced interest rate, etc.), and also cannot be separated from the normal economic activities of the organization (for example, government procurement) , for accounting disclosure purposes, is considered other forms of government assistance.

19.

Other forms of state assistance, if they are significant for characterizing the financial position and financial results of the organization, are subject to disclosure in the financial statements in an explanatory note.