( clauses 1 and 2 of article 130 “Valuation of the Debtor’s Property” of the Federal Law No. 127-FZ of October 26, 2002 “On Insolvency (Bankruptcy)” ).
The arbitration manager for the assessment of the debtor’s enterprise, other property of the debtor involves appraisers and makes payment for their services at the expense of the debtor’s property, unless another source of payment is established by the creditors ‘meeting or the creditors’ committee.
The appraiser’s report on the assessment of the debtor’s enterprise or the property of the debtor-unitary enterprise or the property of the debtor-joint-stock company, more than twenty-five percent of whose voting shares is state or municipal property, is sent by the external administrator, the receiver to the federal executive body authorized by the Government of the Russian Federation to preparation of conclusions on evaluators’ reports.
d) Estimation of the debtor’s property for sale (clause 3 of Article 139 “Sale of the debtor’s property” of the Federal Law of October 26, 2002 N 127-FZ “On insolvency (bankruptcy)”).
When selling the property and the property rights of the debtor-agricultural organization, the arbitration manager for appraising the property attracts appraisers. The assessment of the debtor’s property is carried out in accordance with the procedure established by Article 130 of the Federal Law of October 26, 2002 N 127-FZ “On Insolvency (Bankruptcy)”.
f) Assessment of the property of individuals (clause 1, Article 207 “Consideration by a court of arbitration of a bankruptcy case of a citizen” of the Federal Law of October 26, 2002 N 127-FZ “On Insolvency (Bankruptcy)” ).
The temporary administrator, prior to the arbitration court’s examination of the bankruptcy case, a physical person is obliged to ensure the evaluation of his property. Valuation of property purchased for a fee is carried out by summing up the actually incurred costs for its purchase; property received free of charge – at market value at the date of posting; property produced in the organization itself – at the cost of its manufacture (actual costs associated with the production of the property).
The composition of actually incurred costs includes, in particular, the costs of acquiring the property itself, the interest paid on the commercial loan provided during the acquisition, the markup (surcharge), the commission fees (the cost of services) paid to the supply, foreign economic and other organizations, customs duties and other payments, transportation, storage and delivery costs incurred by third parties.
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Formation of the current market value is made on the basis of the price effective at the date of posting the property received free of charge for this or similar type of property. Data on the current price should be documented or expertly confirmed.
Under the cost of manufacturing are actually incurred costs associated with the use in the process of manufacturing the property of fixed assets, raw materials, materials, fuel, energy, labor resources and other costs of manufacturing the property.
The use of other valuation methods, including by reservation, is allowed in cases provided for by the legislation of the Russian Federation, as well as by regulations of the Ministry of Finance of the Russian Federation and bodies authorized by the federal laws to regulate accounting.
24. Entries in the accounting records of the organization’s currency accounts, as well as transactions in foreign currency, are made in rubles in amounts determined by converting foreign currency at the rate of the Central Bank of the Russian Federation effective on the date of the transaction. Simultaneously, these records are made in the currency of settlements and payments.
25. Accounting of property, liabilities and business transactions may be kept in amounts rounded up to whole rubles. The resulting difference in amounts is related to the financial results of a commercial organization or an increase in revenue (cost reduction) from a non-profit organization.
Valuation of immovable property, as well as other property provided for by regulatory legal acts of the authorized federal body into which pension reserves are placed, is carried out on the basis of an agreement with a person determined by the foundation’s board. A copy of the evaluation report of the said property shall be submitted to the specialized depository of the fund and the authorized federal body.