Chart of Accounts for Accounting by Payment System Operators/Payment Organizations

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Date of creation: 2021-12-03

Appendix to

the Resolution of the Board of Directors

of the National Bank

of the Kyrgyz Republic

dated December 1, 2021

No. 2021-P-14/66-2-(PS)

CHART OF ACCOUNTS

for accounting by payment system operators/payment organizations

Section 1000 "Current Assets"

1100 "Cash in hand"

1110 "Cash in national currency"

1120 "Cash in foreign currency"

1130 "Money documents"

1160 "Cash in payment terminals (PT)"

1200 "Cash at bank"

1210 "Accounts in national currency"

1220 "Accounts in foreign currency at local banks"

1230 "Accounts at foreign banks"

1240 "Cash in banks, restricted for use"

1250 "Cash in transit"

1300 "Short-term investments"

1330 "Loans granted"

1340 "Deposit accounts in national currency"

1360 "Deposit accounts in foreign currency"

1370 "Short-term investments in subsidiaries"

1390 "Other short-term investments"

1400 "Accounts receivable"

1 410 "Accounts receivable for goods and services"

1491 "Reserve for uncollectible accounts receivable"

1500 "Accounts receivable from other operations"

1520 "Accounts receivable from employees and directors"

1530 "Taxes paid in advance"

1540 "Taxes refundable"

1550 "Interest receivable"

1560 "Dividends receivable"

1570 "Accounts receivable from agents"

1580 "Current portion of long-term accounts receivable"

1590 "Other accounts receivable"

1600 "Inventories"

1610 "Goods"

1691 "Unrealized trade markup"

1620 "Raw materials and supplies inventory"

1630 "Work in progress"

1640 "Finished goods"

1700 "Auxiliary materials inventory"

1710 "Fuel"

1720 "Spare parts"

1740 "Other materials"

1750 "Low-value and fast-wearing items"

1795 "Low-value and fast-wearing items in use"

1800 "Advances granted"

1810 "Prepaid inventory"

1820 "Prepaid services"

1830 "Prepaid rent"

1840 "Advances to suppliers of goods/services"

1890 "Other types of advance payments"

1900 "Debtors' (participants') debt on contributions to the charter capital of PSO/PO established as joint-stock companies"

1920 "Debt from persons who subscribed to shares of the second and subsequent issuances"

1930 "Buyers' debt arising when the entity sells its own repurchased shares"

Section 2000 "Non-current Assets"

2100 "Fixed assets"

2110 "Land"

2120 "Right of use of leased fixed assets"

2192 "Accumulated amortization - right of use of leased fixed assets"

2130 "Buildings, structures"

2193 "Accumulated amortization - buildings, structures"

2140 "Equipment"

2194 "Accumulated amortization - equipment"

2150 "Office equipment"

2195 "Accumulated amortization - office equipment"

2160 "Furniture and fixtures"

2196 "Accumulated amortization - furniture and fixtures"

2170 "Transport vehicles"

2197 "Accumulated amortization - transport vehicles"

2180 "Improvements to leased property"

2198 "Accumulated amortization - improvements to leased property"

2190 "Landscaping of land plots"

2199 "Accumulated amortization - landscaping of land plots"

2191 "Construction in progress"

2400 "Deferred tax assets"

2500 "Cash restricted for use"

2700 "Long-term accounts receivable"

2720 "Long-term accounts receivable from buyers and customers"

2780 "Long-term deferred expenses"

2790 "Other long-term accounts receivable"

2800 "Long-term investments"

2820 "Long-term loans granted"

2830 "Long-term investments in subsidiaries"

2890 "Other long-term investments"

2900 "Intangible assets"

291 0 "Franchise"

2991 "Accumulated amortization - franchise"

2930 "Patents"

2993 "Accumulated amortization - patents"

2940 "Trademarks"

2994 "Accumulated amortization - trademarks"

2950 "Copyrights"

2995 "Accumulated amortization - copyrights"

296 0 "Software"

2996 "Accumulated amortization - software"

2970 "License agreement"

2997 "Accumulated amortization - license agreement"

2980 "Other assets"

2998 "Accumulated amortization - other assets"

2990 "Incomplete developments"

Section 3000 "Current Liabilities"

3100 "Accounts payable"

3110 "Accounts payable for goods and services in operational activities"

3190 "Other accounts payable"

3200 "Advances received"

3210 "Advances from buyers and customers"

3220 "Advance payments from PT agents"

3300 "Current debt obligations"

3310 "Bank loans, credits"

3320 "Other loans, credits"

3330 "Current portion of long-term debt obligations"

3390 "Other current debt obligations"

3400 "Taxes payable"

3410 "Income tax payable"

3420 "Personal income tax on individuals' earnings"

3430 "Value-added tax (VAT) payable"

3490 "Other taxes payable"

3500 "Current accrued liabilities"

3510 "Accrued liabilities for payment of goods and services"

3520 "Accrued wages/salaries"

3530 "Accrued social insurance contributions"

3540 "Dividends payable"

3550 "Accrued interest on debt obligations"

3590 "Other accrued expenses"

3600 "Other current liabilities"

3610 "Accounts payable for accepted payments on behalf of suppliers of goods/services"

3700 "Reserves"

3710 "Warranty service reserve"

3720 "Legal claims payment reserve"

3730 "Other reserves"

Section 4000 "Long-term Liabilities"

4100 "Long-term liabilities"

4120 "Bank loans, credits"

4130 "Other loans, credits"

4150 "Lease obligations"

4190 "Other long-term liabilities"

4200 "Deferred income"

4300 "Deferred tax liabilities"

Section 5000 "Equity"

5100 "Charter capital"

5110 "Ordinary shares"

5120 "Preferred shares"

5130 "Other charter capital"

5191 "Repurchased own shares"

5200 "Other capital"

5210 "Additional paid-in capital"

5220 "Asset revaluation adjustments"

5240 "Capital advanced by owner(s)"

5300 "Undistributed profit (loss) of prior years"

5400 "Reserve capital"

5500 "Profit (loss) of the last reporting year"

5999 "Income and expense summary"

Section 6000 "Operating Income"

6100 "Revenue"

6110 "Revenue from sale of goods and services"

6120 "Returns of sold goods and discounts"

6130 "Revenue from exchange of goods and services"

6150 "Revenue from use of entity's assets by other organizations"

6160 "Revenue from processing and clearing services"

6170 "Revenue from technical support services for equipment, software"

6200 "Other operating income"

6210 "Rental income"

6250 "Recovery of debts, written off previously as uncollectible without using the valuation reserve account"

Section 7000 "Operating Expenses"

7100 "Cost of goods and services sold, direct expenses"

7110 "Expenses for purchase of goods, raw materials, supplies and services"

7120 "Expenses for wages/salaries and Social Fund contributions"

7130 "Financial/interest expenses on lease"

7140 "Expenses for utilities, communication and internet"

7150 "Expenses for depreciation of main production assets"

7160 "Expenses for repair and maintenance of fixed assets, technical support and software maintenance"

7170 "Use of product inventory for own needs and other production expenses"

7180 "Expenses for depreciation of intangible assets"

7190 "Inventory cost adjustments"

720 0 "Cost of goods and services sold, indirect expenses"

7210 "Expenses for purchase of goods, raw materials, supplies and services"

7220 "Expenses for wages/salaries and Social Fund contributions"

7230 "Financial/interest expenses on lease"

7240 "Expenses for utilities, communication and internet"

7250 "Expenses for depreciation of main production assets"

7260 "Expenses for repair and maintenance of fixed assets, technical support and software maintenance"

7270 "Use of product inventory for own needs and other production expenses"

7280 "Expenses for depreciation of intangible assets"

7290 "Inventory cost adjustments"

7500 "Expenses related to sales"

7510 "Advertising and sales promotion expenses"

7520 "Wages/salaries expenses"

7530 "Social Fund contribution expenses"

7540 "Storage and transportation expenses"

7550 "Uncollectible debt expenses related to sales"

7560 "Warranty service expenses"

7570 "Other trade expenses"

7580 "Fixed asset depreciation expenses"

7590 "Bonus sales expenses"

7600 "Other production expenses"

Section 8000 "General and administrative expenses"

8010 "Wages/salaries expenses"

8020 "Social Fund contribution expenses"

8030 "Rent payment expenses"

8040 "Service payment expenses"

8050 "Property tax"

8060 "Office supplies expenses"

8070 "Communication expenses"

8080 "Insurance payment expenses"

8090 "License and other agreements purchase expenses"

8100 "VAT expenses not accepted for deduction"

8110 "Repair and maintenance of fixed assets"

8120 "Computer equipment expenses - software"

8130 "Representative expenses"

8140 "Auditors' remuneration"

815 0 "Lawyers' remuneration"

8160 "Training expenses"

8170 "Consulting expenses"

8180 "Public relations expenses"

8190 "Other taxes expenses"

8200 "Travel expenses (local)"

8210 "Travel expenses (international)"

8220 "Utilities expenses"

8230 "Fines, penalties, forfeits to the budget"

8240 "Fines, penalties, forfeits under operational contracts"

8470 "Fixed asset depreciation expenses"

8480 "Intangible asset depreciation expenses"

8490 "Other general and administrative expenses"

Section 9000 "Non-operating income and expenses"

9100 "Non-operating income"

9110 "Interest income"

9120 "Income from associated, subsidiary companies"

9130 "Dividend income"

9140 "Income from exchange rate differences on foreign currency operations"

9190 "Other non-operating income"

9500 "Non-operating expenses"

9510 "Interest expenses"

9520 "Losses from exchange rate differences on foreign currency operations"

9530 "Uncollectible debt expenses"

9590 "Other non-operating expenses"

9900 "Income taxes"

9910 "Expenses (income) on income tax"

11000 "Off-balance sheet accounts"

11 010 "Leased fixed assets"

11 011 "Amortization of leased fixed assets"

11 020 "Low-value and fast-wearing items (LVFIs)"

11030 "Strictly accountable forms"

11 040 "Goods in storage"

11 050 "Inventories accepted for safekeeping"

11 060 "Written-off debt of insolvent debtors"

Other non-system accounts may be opened at the discretion of PSO/PO.

Appendix to the chart of accounts for accounting by payment system operators/ payment organizations

ACCOUNT DESCRIPTIONS

Section 1000 "Current Assets"

Account Group 1100 "Cash in hand" This group includes accounts for accounting of cash (in national and foreign currencies) held in the PSO/PO cashier's office, in payment terminals. Separate auxiliary books must be maintained for each currency. For financial reporting purposes, the balance of cash in foreign currency must be converted into som equivalent at the National Bank of the Kyrgyz Republic (hereinafter - National Bank) exchange rate as of the reporting date.

1110 "Cash in national currency" This account reflects cash balances, as well as the accounting of cash receipts and disbursements exclusively in national currency. Accounting for foreign currency on one account with national currency is not permitted. Upon receipt of cash by PSO/PO, the account is debited. Upon issuance of cash, the account is credited. The account must carry a debit balance.

1120 "Cash in foreign currency" This account accounts for balances of cash in foreign currency, as well as their receipt into the cashier's office and disbursement from it. Sub-accounts are opened for each type of currency. Initial entries on debit and credit sides of account 1120 are made both in foreign currency and converted into national currency at the exchange rate established by the National Bank on the day of the currency transaction.

On each reporting date, the balance of account 1120 "Cash in foreign currency", expressed in foreign currency, is recalculated at the National Bank's exchange rate as of that date, with the difference credited to account 6200 "Other operating income" or debited to account 7600 "Other production expenses".

Upon receipt of cash by PSO/PO, the account is debited. Upon issuance of cash, the account is credited. The account must carry a debit balance.

1130 "Money documents" This account accounts for highly liquid financial investments that can be easily converted into a predetermined sum of cash, subject to insignificant risk of value change. These include short-term government securities, short-term promissory notes, preferred shares acquired shortly before their announced maturity date, etc.

Upon purchase of money documents, the account is debited; upon realization, it is credited. The account must carry a debit balance.

1160 "Cash in payment terminals (PT)" This account accounts for balances and movements of cash in PT terminals. Upon loading cash into the terminal, the account is debited. Upon withdrawal of cash from the terminal (collection), the account is credited. The account must carry a debit balance.

Account Group 1200 "Cash at bank" This group includes accounts for accounting of cash in national and foreign currencies in bank accounts opened in the Kyrgyz Republic and abroad. Separate auxiliary books must be maintained for each bank account.

For financial reporting purposes, the balance of cash in foreign currency must be converted into som equivalent at the National Bank exchange rate as of the reporting date.

Operations on bank accounts are reflected in accounting based on bank statements and attached cash-settlement documents. Accounting is maintained separately for each account opened in banks.

1210 "Accounts in national currency" This account reflects cash balances, as well as the receipt and disbursement of funds in bank accounts exclusively in national currency. Accounting for foreign currency on one account with national currency is not permitted. Upon replenishment of the account, it is debited; upon withdrawal or transfer of funds, it is credited. The account must carry a debit balance.

1220 "Accounts in foreign currency at local banks" This account accounts for cash in foreign currency in local banks. For each type of currency, accounting is maintained on separate sub-accounts.

On each reporting date, the balance of account 1220 "Accounts in foreign currency at local banks", expressed in foreign currency, is recalculated at the National Bank's exchange rate as of that date, with the difference credited to account 6200 "Other operating income" or debited to account 7600 "Other production expenses".

Upon replenishment, the account is debited. Upon withdrawal or dispatch of funds, it is credited. The account must carry a debit balance.

1230 "Accounts at foreign banks" This account accounts for cash in foreign currency in foreign banks. For each type of currency, accounting is maintained on separate sub-accounts.

On each reporting date, the balance of account 1230 "Accounts at foreign banks", expressed in foreign currency, is recalculated at the National Bank's exchange rate as of that date, with the difference credited to account 6200 "Other operating income" or debited to account 7600 "Other production expenses".

Upon replenishment, the account is debited. Upon withdrawal or dispatch of funds, it is credited. The account must carry a debit balance.

1240 "Cash in banks, restricted for use" This account accounts for cash of PO in bank accounts that cannot be used within a period of no more than twelve months after the reporting date, as they serve as collateral, are compensating balances required to obtain and secure bank loans, bank guarantees, insurance deposits under payment acceptance agreements on behalf of suppliers of goods/services for the purpose of insuring possible risks, or are otherwise subject to legal restrictions.

Upon replenishment, the account is debited; upon withdrawal, it is credited. The account must carry a debit balance.

1250 "Cash in transit" This account accounts for cash in national and foreign currencies, collected from the PSO/PO cashier's office or payment terminals, but not yet credited to settlement accounts as of the reporting date. Upon collection from cashier's office, withdrawal of cash from bank account or payment terminal, the account is debited. Upon crediting funds to a bank account or cashier's office, it is credited. The account must carry a debit balance.

Account Group 1300 "Short-term investments" This group includes accounts for accounting of funds placed in local and foreign banks on deposit terms, loans granted to other persons, and short-term investments in subsidiaries for up to twelve months. Separate auxiliary books must be maintained for each deposit placed in different banks, loan granted, and investment. For financial reporting purposes, foreign currency deposits must be converted into som equivalent at the National Bank exchange rate as of the reporting date.

1330 "Loans granted" This account accounts for the amount of loans granted to other persons, excluding employees (loans may be granted by PSO/PO in compliance with Article 724 of the Civil Code of the Kyrgyz Republic). Upon granting a loan, the account is debited; upon receipt of funds from the borrower towards loan repayment, it is credited. The account must carry a debit balance.

1340 "Deposit accounts in national currency" This account accounts for funds placed in banks for storage in national currency. A sub-account is opened to this account for each placed deposit. Upon placing a deposit (replenishment), the account is debited. Upon reduction of the deposit (withdrawal), it is credited. The account must carry a debit balance.

1360 "Deposit accounts in foreign currency" This account accounts for funds placed in banks for storage in foreign currency. Upon placing a deposit, the account is debited. Upon reduction of the deposit, it is credited.

For each currency and for each deposit, a separate sub-account is maintained. The account must carry a debit balance.

1370 "Short-term investments in subsidiaries" This account accounts for short-term investments aimed at developing the activities of PSO/PO subsidiaries. Upon issuing funds to subsidiaries, the account is debited; upon repayment of invested funds by subsidiaries, it is credited. The account must carry a debit balance.

1390 "Other short-term investments" This account accounts for other investments with a term of up to twelve months after the reporting date. Upon issuing funds, the account is debited; upon repayment of invested funds, it is credited. The account must carry a debit balance.

Account Group 1400 "Accounts receivable" This group includes accounts for accounting of counterparty debts for services provided by PSO/PO, for sale of payment equipment and spare parts to them, or for manufacturing software for providing payment, clearing, and processing services.

1410 "Accounts receivable for goods and services" This account accounts for the amount of counterparty debts to PSO/PO. Separate sub-accounts are opened on this account for each group of persons (suppliers, agents, aggregators, etc.). Upon arising claims, the account is debited. Upon settlement of claims, it is credited. The account must carry a debit balance.

1491 "Reserve for uncollectible accounts receivable" This account accounts for the reserve created by PSO/PO for potential losses on uncollectible debts from accounts receivable. Upon recognizing accounts receivable as uncollectible, the account is credited. Upon writing off an uncollectible debt, it is debited. Upon receiving a previously written-off uncollectible debt, it is credited. The account must carry a credit balance.

Account Group 1500 "Accounts receivable from other operations" This group includes accounts for accounting of accounts receivable, excluding those reflected on account 1410 "Accounts receivable for goods and services".

1520 "Accounts receivable from employees and directors" This account accounts for accounts receivable of employees and officials arising in the course of performing their official duties and other types of operations. Upon issuing funds on account, the account is debited; upon repayment of advance sums by employees and officials, it is credited. The account must carry a debit balance.

1530 "Taxes paid in advance" This account accounts for the amount of taxes paid in advance before the due dates for tax payments. Upon arising a pre-paid tax, the account is debited. Upon arising income for financial reporting purposes, it is credited. The account must carry a debit balance.

1540 "Taxes refundable" This account accounts for the amount of VAT subject to refund. Upon accrual, the account is debited; upon write-off, it is credited. The account must carry a debit balance.

1550 "Interest receivable" This account accounts for the amount of interest due on deposits placed in banks, interest on existing debt securities, etc. Upon accrual of interest, the account is debited; upon receipt of interest from the bank, it is credited. The account must carry a debit balance.

1560 "Dividends receivable" This account accounts for the amount of dividends due to be received. Upon recognition, dividends are debited; upon write-off, credited. The account must carry a debit balance.

157 0 "Accounts receivable from agents" This account accounts for accounts receivable of PT agents according to concluded agency agreements. A separate sub-account is maintained for each agent. Upon arising accounts receivable, the account is debited; upon settlement of debt, it is credited. The account must carry a debit balance.

1580 "Current portion of long-term accounts receivable" This account accounts for the amount of the current portion of long-term accounts receivable, to be received within a period not exceeding one year from the reporting date. Upon recognition of debt, the account is debited; upon repayment or write-off of debt, it is credited. The account must carry a debit balance.

1590 "Other accounts receivable" This account accounts for the amount of other accounts receivable, not classified under other debts from operational activities of PSO/PO. Upon recognition of debt, the account is debited; upon repayment or write-off, it is credited. The account must carry a debit balance.

Account Group 1600 "Inventories" This group includes accounts for accounting of raw materials, fuel, spare parts, and other materials intended for use in economic activities or performing works and services.

1610 "Goods" This account accounts for the cost of goods (equipment for accepting payments/spare parts to equipment for accepting payments) acquired and stored for further sale. Upon purchase of goods, the account is debited. Upon their