Sample explanatory note to the balance of the design organization. Sample Explanatory Note
Drawing up an explanatory note is no less painful for an accountant than preparing the balance sheet itself.
The explanatory note is an independent form of financial statements, its most important, voluminous part.
Often, the text of the explanatory note can be located on 100 or more typewritten sheets. Reg. 5 PBU 4/99
What is an explanatory note?
This is a document that includes a written explanation of the figures contained in the balance sheet, as well as the profit and loss statement and their annexes.
The basic principles when writing an organizational explanatory note include the principles of materiality and comparability.
If we are talking about comparability, we mean a comparison of the quantitative values \u200b\u200bof a number of articles in the accounting report for a period of time (a number of years).
We compare only material articles so as not to violate the principle of rationality in reporting
They have the opportunity not to attach an explanatory note to the balance sheet when submitting reports provided by the state to small enterprises.
The explanatory note to the balance sheet should consist of the following sections with the disclosure of information for each of them:
1. Information about the organization
This section is descriptive.
The name and the established legal form of this company are indicated.
In addition, this section indicates the legal and actual addresses, information about the founders of the organization, the size of the authorized capital.
The organizational structure of the organization is also indicated, as well as the availability of licenses and permits available to the organization and their duration.
The financial information shall indicate the amount of taxes that the organization paid in the specified year and the average annual number of employees employed in the organization.
Information on the company's auditor (name, legal address, etc.) is also indicated.
2. Accounting policy in the enterprise
The content of the accounting policy of the organization, its main changes over the past year compared to the previous one, as well as the reason for the changes in the accounting policy are described.
The organization also indicates separate rules for accounting for assets and liabilities.
3. Information on the main assets and liabilities of the organization
In this subsection, information is disclosed in the following articles:
- fixed assets (depreciation, movement of fixed assets,
- information about real estate objects located at state registration, etc.),
- on loans and borrowings (availability of loans and borrowings, terms of their repayment, as well as full information on them, including information on weighted average values \u200b\u200bfor loans and deputies),
- on inventories (methods for their assessment and consequences),
- on financial investments (all information regarding securities is disclosed),
- on assets and liabilities (the amount of exchange differences that are allocated to the financial results, as well as the value of the official rate of the Bank of Russia at the reporting date).
4. Assessment of the balance sheet structure of the organization
The main purpose of compiling this section is to assess the company and its financial condition in the framework of both short-term and long-term.
To assess the financial condition of the company in the short term, indicators such as:
- liquidity ratio
- financial dependency
- profitability
- solvency.
For the long term, such an indicator is calculated as the organization’s dependence on external lenders and loans
5. Information on income and expenses of the organization
Information is indicated on the relevant articles of the balance sheet of the enterprise.
6. Explanations required for main reporting items
Information is indicated in the case of materiality of articles and the simultaneous absence of this disclosure in the forms of financial statements.
7. The business activity of the organization is evaluated.
The market on which the company operates, as well as the business reputation of the organization, including the popularity of customers, is evaluated.
Planned indicators and their degree of implementation are also evaluated.
8. Explanation of opening balances and their changes
The amount of the change in opening balances and the reasons for this change (reorganization of the enterprise, the introduction of new accounting requirements, etc.) are indicated.
9. Affiliate Information
Details related to affiliates are disclosed, in particular:
- a complete list of such persons
- the nature of the relationship with them,
- types of transactions with affiliates
10. Contingencies for organizational business
Contingent liabilities include
- warranty obligations of the organization
- her participation in litigation,
- amount of guarantees issued by the organization.
This paragraph discloses complete information about contingent facts, if any.
11. Joint activities of the organization
The goals for which the company conducts joint activities, as well as the amount of assets invested in this activity, full information on jointly performed operations are indicated.
12. Data on segments of the organization
The section is filled out only by organizations with subsidiaries and affiliates, as well as if it is entrusted by associations and unions to prepare consolidated general financial statements in accordance with constituent documents.
13. Declaration of events that occurred after the reporting date
The reason and nature of the event, as well as the possible consequences of the event, are described.
14. Government funding
If the organization received state aid, then its size, funding objectives, other forms of state support, as well as failed to provide budget funds at the reporting date are disclosed.
15. Environmental factors
Reflected if there is a fact of negative impact on the environment.
This paragraph contains an indication of the degree of environmental impact, as well as measures taken by the organization to protect the environment.
16. Information in accordance with PBU 18 \\ 02
Contains full reflection of accounting for tax on profit of organizations.
17. Information disclosed by joint stock companies
The number of shares issued during the reporting period is indicated.
The shares issued and fully paid, as well as possibly not paid or partially paid, shall be indicated.
Disclosed information on the additional issue of shares of the company
18. Data on discontinued operations
Full information is given on the reasons for the cessation of a particular type of activity, the value of assets and liabilities disposed or redeemed as part of the cessation of activity and other information on this activity are indicated.
19. Other information
The information not previously disclosed in the explanatory note is indicated.
For example, it reflects the effectiveness of the organization, the competitiveness of products, markets and more.
Each company builds its structure and composes it only from those sections that directly relate to the nature of the organization.
Explanatory Note to Sample Balance
Ekaterina Annenkova, auditor, certified by the Ministry of Finance of the Russian Federation, expert on accounting and taxation of IA "Clerk.Ru". Photo B. Maltsev IA "Clerk.Ru"
In accordance with the Order of the Ministry of Finance of the Russian Federation of July 6, 1999. No. 43n “On approval of the Accounting Regulations, financial statements consists of:
- balance sheet
- report on financial results,
- applications to them,
- explanatory note,
- as well as an audit report confirming the accuracy of the financial statements of the organization, if it is subject to mandatory audit in accordance with federal laws.
The explanatory note to the annual financial statements should contain substantial information:
- about the organization
- her financial situation
- comparability of data for the reporting and preceding years,
- valuation methods and material items in the financial statements.
Otherwise, non-application of accounting rules is considered as an evasion from their implementation and is recognized as a violation of the legislation of the Russian Federation on accounting.
In addition to material information, an organization may provide additional information related to the financial statements, if it considers it useful for interested users in making economic decisions (paragraph 39 of PBU 4/99).
It reveals:
- dynamics of the most important economic and financial indicators of the organization for a number of years;
- planned development of the organization;
- prospective capital and long-term financial investments;
- borrowed funds, risk management policies;
- the organization’s activities in the field of research and development;
- environmental measures;
- other information.
Guided by the requirements of the current legislation, we will draw up an approximate explanatory note to the annual financial statements of LLC Romashka for 2013.
EXPLANATORY NOTE
to the annual financial statements for 2013 LLC company "ROMASHKA"
1. Basic information about the organization.
ROMASHKA firm, limited liability company, legal and actual address: 117417, Moscow, Ivanovskaya St., house number 77, building 7.
BIN: 1077077077077.
TIN: 7770077700.
Transmission: 770701001.
It is registered in the IFTS of Russia No. 07 for the city of Moscow 07.07.2007. certificate 77 No. 007770077.
The accounting statements of the Company are formed on the basis of the accounting and reporting rules applicable in the Russian Federation.
The number of employees at the end of the reporting period amounted to 177 people.
In 2013, there was an increase in the authorized capital:
- Due to retained earnings of previous years in accordance with Protocol No. 1 of 04/07/2013 in the amount of 3 000 000 rub.
- Due to the contribution of the founder to the charter capital of LLC in accordance with Protocol No. 2 of 07/07/2013 in the amount of 50 000 rub.
The main activities of the Company are the production and wholesale of building materials.
Production and financial activities were carried out by the Company throughout the entire period of 2013 and were aimed at generating income in the reporting and subsequent periods.
Materiality levelfixed by the Company in accounting policies for accounting purposes is 15% from the relevant article of the financial statements.
2. Revenue (income) from sales.
Revenue from work, services, sales of products with a long manufacturing cycle is recognized as ready work, services, products ().
Revenues from sales in 2013 amounted to 6 000 000 rub. (without VAT):
Revenues from sales for previous reporting periods amounted to (without VAT):
- year 2012 - 5 000 000 rub.;
- 2011 - 4 500 000 rub.;
- 2010 - 3 000 000 rub.;
- year 2009 - 2 500 000 rub.
3. Costs associated with the implementation.
Administrative expenses, accounted for in the debit of account 26 “General expenses”, at the end of the reporting period are not distributed among the objects of calculation and as conditionally fixed are written off directly to the debit of account 90 “Sales of products (works, services)” with distribution between item groups in proportion to the specific weight of revenue from sales.
They are recognized in the cost of sold products, goods, works, services in full in the reporting year as recognition of them as expenses for ordinary activities (paragraph 9 of PBU 10/99 “Organization expenses”).
The costs associated with the implementation in 2013 amounted to 5 160 000 rub. (without VAT):
For tax purposes, the amount of expenses associated with the sale amounted to 4 840 000 rub.
The resulting difference in accounting for production and management expenses for accounting and tax purposes was formed in connection with the use of the Accounting Regulations for determining expenses in accounting and the provisions of the Tax Code - for accounting expenses for tax purposes.
320 000 rub. formed from a temporary difference in size 170 000 rub. and permanent differences in the amount of 150 000 rub. in the following way:
1.Time size difference 170 000 rub. formed due to differences in accounting for depreciation of fixed assets for tax and accounting purposes.
2. Constant differences in size 150 000 rub. (100 000 + 50 000) consist of expenses not accepted for the purposes of NU, namely:
- 100 000 rub. depreciation of fixed assets not accepted for the purposes of NU;
- 50 000 rub. excess health insurance costs.
- year 2012 - 4 600 000 rub.;
- 2011 - 4 000 000 rub.;
- 2010 - 2 650 000 rub.;
- year 2009 - 2 100 000 rub.
4. The financial result obtained from the main activities
The financial result obtained from the main activities in 2013 amounted to 840 000 rub. ( 6 000 000 - 5 160 000 ).
For tax purposes, the amount of profit from sales amounted to 1 160 000 rub. ( 6 000 000 - 4 840 000 ).
In addition, the main activity does not reflect the results of the sale of a large batch of finished products, due to the delay in transferring the consignment to the buyer LLC LUTIK and the signing of the TORG-12 consignment note.
The sale of goods took place in the 1st quarter of 2014. All production work was completed in the 4th quarter of 2013.
Finished products are reflected in account 43 “Finished products” in the amount of actual costs of their manufacture - 450 000 rub.
The amount of revenue from the sale of this batch of products of own production is 750 000 rub.
The amount of profit (before tax) for this project will be 300 000 rub.
5. Other income.
The amount of other income for accounting purposes in 2013 amounted to 1 170 000 rub.
For tax accounting purposes, the amount of non-operating income amounted to 1 100 000 rub., the amount of income from the sale of fixed assets amounted to 20 000 rub. Total amount of income accepted for tax accounting purposes - 1 120 000 rub.
The resulting difference in accounting for other income for accounting and non-operating income for tax purposes was formed in connection with the use of Accounting Regulations for determining the amount of other income in accounting and the provisions of the Tax Code for accounting for income for tax purposes.
The amount of difference between the control unit and the control unit in the amount of 50 000 rub. represents a constant difference, which consists of the amount of the contribution of the founder, owning a 100% stake, in the charter capital of LLC.
6. Other expenses.
The amount of other expenses for accounting purposes in 2013 amounted to 1 540 000 rub.
For tax purposes, the amount of non-operating expenses amounted to 630 000 rub., the amount of expenses associated with the implementation of the OS - 15 000 rub. Total amount of expenses accepted for tax accounting purposes - 645 000 rub.
The resulting difference in accounting for other expenses for accounting and non-operating expenses for tax purposes was formed in connection with the use of Accounting Regulations for determining the amount of other expenses in accounting and the provisions of the Tax Code - for accounting expenses for tax purposes.
The amount of difference between the control unit and the control unit in the amount of 895 000 rub. represents a constant difference, which consisted of the following costs not accepted for the purposes of NU:
- 150 000 rub. interest on bank loans in excess of the maximum amount accepted for the purposes of NU in accordance with Article 269 of the Tax Code of the Russian Federation;
- 300 000 rub. losses for the year 2012 related to the previous tax period, not taken into account in the current tax period;
- 420 000 rub. bonuses from net profit and material assistance to employees of the organization;
- 20 000 rub. fines and penalties under the act of field inspection of the PFR and the FSS dated 07/27/2013 No. 7770077;
- 5 000 rub. other expenses (including depreciation of fixed assets for non-production purposes, the purchase of drinking water and other expenses that are not considered for the purposes of NU).
This loan was provided to the Company by Bank Vozrozhdenie for replenishment of working capital, in accordance with the loan agreement of June 15, 2013. No. 01234567.
The loan amount, according to the contract, is 5 000 000 rub. and fully received by the Company in June 2013.
The loan principal repayment term is July 1, 2017. Interest is repaid monthly.
7. Income tax calculations.
The Company forms in accounting and discloses in the financial statements information on calculations of corporate income tax in accordance with the requirements of PBU 18/02 “Accounting for calculations of corporate income tax”.
The profit for the purposes of taxation on income tax in accordance with the data of tax accounting registers and data of the tax return amounted to 1 635 000 rub.
The income tax rate in 2013 was 20%. The amount of accrued income tax according to the tax return for 2013 amounted to 327 000 rub.
The amount of accounting profit according to accounting registers amounted to 470 000 rub.
The amount of contingent expense reflected in accounting for debit of account 99.02.1 “Contingent expense for income tax” amounted to 94 000 rub. (470,000 * 20%).
The amount of deferred tax assets (hereinafter referred to as SHA) at the beginning of 2013 amounted to 50 000 rub. During 2013 there was an increase in IT by the amount of 34 000 rub. due to the occurrence of a temporary difference (in terms of depreciation of fixed assets) in the amount of 170 000 rub. (170,000 * 20% \u003d 34,000).
The amount of permanent tax assets (hereinafter referred to as PNA) was in 2013 10 000 rub. The PNA arose due to the constant difference in the amount of the contribution of the founder, owning a 100% stake in the LLC in the Company's management company in accounting 50 000 rub.
The amount of permanent tax liabilities (hereinafter referred to as the PNO) amounted to 2013 209 000 rub. PNO arose due to constant differences in the amount of 1 045 000 rub. ((100,000 + 50,000 + 150,000 + 300,000 + 420,000 + 20,000 + 5,000) * 20% \u003d 209,000).
The current corporate income tax calculated in accordance with the provisions of PBU 18/02 is 327 000 rub. ( 94 000 + 34 000 + 209 000 - 10 000 ) * and corresponds to the data of the tax return for 2013.
* Current corporate profit tax \u003d contingent expense + Accrued SHE + PNO - PNA.
8. The financial result of economic activity
The financial result obtained in 2013 amounted to 177 000 rub. ( 470 000 - 327 000 + 34 000 ).
The financial result of the enterprise in 2013 was affected by the expenses incurred and written off to the financial result:
- managerial
- commercial
- others
9. Information about the accounting policies of the organization
The regulation on accounting policies used by the Company has been drawn up in accordance with the provisions of Federal Law No. 402-FZ of December 6, 2011. “On accounting” and the requirements of PBU 1/2008 “Accounting policies of the organization” and other applicable provisions, directions, instructions.
The accounting policy of the Company was approved by Order No. UP dated 12/30/2012.
The initial cost of the Company's fixed assets is paid off:
- in a linear manner at depreciation rates established depending on the useful life of the fixed asset in accordance with the classification of fixed assets approved by the Government of the Russian Federation on 01.01.2002. No. 1.
- the useful life is reduced by the number of years (months) of operation of the property by the previous owner.
- as part of inventories and are written off to expenses as they are put into operation.
Fixed assets repair costs:
- are included in the cost of production (work, services) of the reporting period.
- 1 time in 3 years.
Society is creating reserve under the decrease in the cost of MPZ due to financial results.
The reserve for the reduction in the cost of inventories is formed:
- the amount of the difference between the current market value and the actual cost, if the latter is higher than the current market value.
- The amount of the reserve in the absence of movement of assets:
- during the year - 50% of the book value,
- over a year - 100% of the book value.
- in a linear fashion.
- debited at a time.
The amount of the allowance for doubtful debts is:
- 100% if the court decision is not in favor of the Company, or about bankruptcy / liquidation of the debtor.
- 100%, if all attempts undertaken to search for the debtor were unsuccessful.
- 50%, if it was not possible to avoid a pre-trial settlement and the case was transferred to court.
- 50%, if the delay period exceeds 3 months and the debtor does not sign the reconciliation statement of settlements / does not agree with the amount of the debt.
- 30%, if the delay period exceeds 3 months and the debtor signed the reconciliation statement of settlements and agree with the amount of debt.
- as the readiness of work, services, products ().
Unfinished production taken into account:
- on account 20 "Main production" in the amount of actual cost. Account 21 “Semi-finished products of our own production” does not apply.
- The actual cost of raw materials used in the production of goods (performance of work, provision of services) and forming their basis, or which are a necessary component in the production of goods (performance of work, provision of services);
- The cost of finished products used in production;
- Overhead costs.
TO overhead costsrelated to the production and sale of goods of own production, as well as the execution of work and the provision of services include:
- Actual cost of raw materials used for general production purposes;
- Depreciation deductions for fixed assets for industrial and general production purposes;
- Depreciation deductions for intangible assets of industrial and general production purposes;
- The cost of purchased goods and finished products used in production;
- Costs of work and services of third-party organizations of a production and general production nature;
- Labor costs of the main production personnel with deductions on insurance premiums;
- Deferred expenses in part related to overhead costs.
- revenue from sales of products (works, services).
- are not distributed among the objects of calculation and are written off as conditional fixed directly to the debit of account 90 “Sales of products (works, services)” with distribution between stock groups in proportion to the share of sales proceeds.
- fully in the reporting year, their recognition as expenses for ordinary activities ().
- based on the cost of their acquisition. Transportation costs for the delivery of goods are recorded separately on account 44 "Costs of sale".
Costs incurred by the organization in the reporting period, but related to the next reporting periodsare reflected in the balance sheet:
- in accordance with the conditions for recognition of assets established by regulatory legal acts on accounting, and are subject to write-off in the manner established for writing off the value of assets of this type (paragraph 65 of the Regulation on Accounting and Reporting).
Not exclusive rightsfor software products and other similar intangible objects that are not intangible assets according to:
- are recorded on account 97 “Deferred expenses” and are written off to expenses monthly in equal shares during the term during the term of the contract (paragraph 39 of PBU 14/2007).
Reserves for future expensesfor the payment of vacation pay are recognized as an estimated liability and are reflected in the account for the reserves for future expenses. The amount of the estimated liability is included in other expenses. The amount of the estimated liability is determined on the basis of the total amount of vacation pay laid out but not paid by employees at the reporting date (paragraphs 17, 18, 19 of PBU “Estimated obligations, contingent liabilities and conditional assets”).
Reserves for future expenses and paymentsin 2013, the creation of which is not necessary in accordance with applicable law - are not created.
Received loans and credits are recorded as part of short-term or long-term borrowed funds, in accordance with the terms of the contract, namely:
- With a repayment term not exceeding 12 months, loans and borrowings are accounted for as short-term loans and borrowings;
An integral part of the financial statements is an explanatory note, which is attached to the annual. The text of the document provides basic information about the results of the organization for the reporting period, characteristics of indicators and a description of their dynamics.
Justification is also necessary for the accounting policy of the enterprise, the effectiveness of its application, and therefore, the note indicates:
- a set of separate rules for accounting for assets and liabilities adopted by the accounting policy;
- reasons for its change and results;
- comparative analysis of the previous period with the reporting one;
- the consequences of adjustments in accounting policies compared to the previous reporting period;
- adjustments for previous periods.
The note contains information and a brief description of the directions and types of activities - current, financial and investment. The document must indicate the main financial indicators that are of great importance and influence on the final result of the activity for the reporting period, as well as the amount of profit and its distribution.
When submitting annual reports, small enterprises do not need to make explanatory notes to the general set of documents. In accordance with the law, such an obligation to the tax authorities is not provided for them. If the organization uses the general taxation system (when the revenue is determined from the volume of sales of goods or services), then in this case it is necessary to separately state the amount that is payable to the budget.
The characteristics of the indicators should contain:
- data on the fixed assets of the enterprise: their receipt, initial and residual value, period of use and disposal;
- data on intangible assets;
- information about investments and investments;
- information about the general technical level of products or services provided.
The dependence and dynamics of their indicators can be reflected in graphical form, tabular or supported by diagrams.
An important part of the explanatory note is the analytical studies of the actual performance indicators, a description of how the property and financial situation of the enterprise changed.
For short-term planning of activities, financiers reflect in the document the ratios: current liquidity, solvency, as well as ability to manage their own funds. For long-term planning, investment flows are evaluated, their volume, investment period, payback periods and the time point is calculated when the invested funds begin to be profitable, and external investors are also evaluated.
Business activity is a serious indicator, since sales volumes and income directly depend on the reputation of the enterprise, client base, availability of export supplies, degree of use of own funds and level of performance of planned indicators.
The final part of the note describes the dynamics of key indicators over the past few years, planned long-term and short-term investments, as well as other financial and economic measures aimed at improving performance.
The main purpose of the explanatory note is to decipher the indicators of financial statements, in particular, the balance sheet (form 1). A well-written explanatory note will place inspectors to your company, greatly facilitate the balance sheet and reduce the likelihood of an extraordinary tax audit.
Who does not provide an explanatory note?
Non-profit organizations and associations that do not have commercial activities are not required to draw up a document. However, if in a certain period they nevertheless made a profit from any side activity, they will have to provide an explanatory note. An example of such an activity would be the sale of retired equipment. If it was simply decommissioned - this will not be considered a commercial turnover.
Individual entrepreneurs may not bother to write an explanatory note. In addition, they do not represent the balance sheet at all. Enterprises located on the simplified taxation system compile a document in a simplified version.
It is worth remembering that if something important or significant happened in the company over the past year - the type of activity changed, a large long-term loan was obtained, if a natural disaster would cause significant damage, then these events must be reflected in the explanatory note.
How to make an explanatory note?
The form of the document is not regulated, that is, each taxpayer draws it up at his discretion. However, PBUs impose strict requirements on what should be contained in the explanatory note.
The document should include:
A brief summary of the current activities of the company.
Any qualitative changes in property or finances (a large loan was taken, a large block of shares of another company was acquired) that affected the performance of the enterprise - this should also be reflected. It is also worth explaining the reasons for what happened (market expansion, the need for additional financing).
Factors that strongly influenced the change in the financial condition of the company.
Management decisions taken at the end of the reporting period.
Changes that have occurred in the distribution system of the financial result.
Main sections of the explanatory note
General information
Tell us about your company: ownership, name, size, management system and founders. If licenses are obtained, indicate which and in which areas. At the end of the section, you should provide data on taxes paid for the period.
Accounting Changes
Here are all the changes in accounting policies. This section is worth filling out if you have established for yourself a non-standard calculation scheme for any indicator. You also need to justify why your scheme more accurately reflects the state of the company.
Assets and liabilities
In this section, it is worth describing each block in detail - by fixed assets, intangible assets, stocks, loans and credits, and currency obligations.
For assets such as property, plant and equipment and intangible assets, be sure to disclose information about depreciation and devaluation. For loans, it is worth writing the terms of their repayment and operating expenses arising from them. On foreign currency liabilities - exchange differences on financial results.
Balance sheet structure and profit dynamics
Here show your solvency - at this time and in the near future. It would be appropriate to calculate liquidity and financial stability indicators, as well as profitability.
Income and expenses
The meaning of this section is to show in detail your financial flows. Describe the volume of sales (preferably in detail and in several sections - by type of product, by region), production costs, various distribution costs, the amount of financial reserves.
Business activity
Describe your indicators of business activity - geography of sales, degree of fulfillment of plans, efficiency of using your own resources. If a recession has occurred in any area, indicate its reasons.
Opening Remains
Indicate their size and reasons for the changes (reorganization, changes in the law on accounting).
Affiliates
These are companies and persons that are dependent on you or control your company. These include your subsidiaries, parent organization, founders, shareholders. List them all, describe what kind of business relationship you have.
Contingencies
This includes pending cases and undefined obligations. For example, if you are in a court case about causing damage to a client, then the amount of compensation is still not an established, conditional fact. Or there are warranty obligations for your products. Describe such facts, the reasons for their uncertainty, the amount of the amount reserved for them.
Cooperative activity
Such activities include operations under simple partnership agreements. List the types and total number of such agreements, the amount of turnover on such operations and the financial results thereon.
Branches and units
If your company has branches, list them and give them general summary indicators. As a result, indicate the total share of units in the total value of your net profit.
Budget assistance
Perhaps your company received a budget loan or financing? Describe the size and nature of the funds received.
Stock Information
If your company is a joint-stock company, then in this section it is worth describing the number of shares issued, the degree of payment (partially, in full), the size of the block of shares owned by your company. If you had an additional issue - tell us about its causes and sizes.
Tax assets
This section is governed by the provisions of PBU 18/02. Reflect in it changes in contingent income and income tax expense, tell us about the resulting permanent and temporary differences, tax losses, deferred assets.
Discontinued Activities
If your company terminates any type of activity or activity in a certain field, write about the reasons and amounts of disposed assets and liabilities. Disclose financial flows for this type of activity and how their liquidation will affect the general condition of the company.
Other indicators
Here summarize, show the feasibility of the existence of the company, its usefulness.
Your explanatory note does not have to include all of these sections at all. Write about what happened specifically with your company. The most detailed and understandable explanatory note will remove all unnecessary questions from your tax inspector!
Sample explanatory note you can download below
Download a sample explanatory note to the balance sheet for free
- explanatory Note_sample.doc
Source: Clerk.ru
An explanatory note to the annual reporting together with the balance sheet of the organization must be presented in the financial statements within 90 days after the end of 2013. .
The date of submission of financial statements for an organization shall be considered the day of its mailing or the day of its actual transfer by affiliation.
If the date of submission of financial statements falls on a non-working (day off) day, the deadline for submission of financial statements is the first working day following it (paragraph 47 of PBU 4/99).
For micro-enterprises and small enterprises, the balances and turnovers on which accounts make up the Balance Sheet and the Report on financial results for small businesses (where KND 0710098) are given, where they are examined in detail.
Based on the Law No. 402-ФЗ “On Accounting”, the Order of the Ministry of Finance No. 66n, and the provisions of the current PBU are shown
An example of filling out an EXPLANATORY NOTE to the annual reporting for 2013 with comments and clarifications
The article will help to draw up a balance sheet, the balances and turnovers are examined in detail, on which accounts make up the Balance Sheet and the Report on financial results for small businesses (KND form 0710096). Download forms of balance sheet and statement of financial performance. Simplified financial statements for small businesses. Download the program Taxpayer version 4.46.
Note: Filling in the forms of accounting (financial) statements by small businesses and NPOs according to the new form of KND 0710096
Information disclosure service: financial statements, balance sheets and all other forms for free.
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ADDITIONAL LINKS ON THE TOPIC |
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Starting with the reporting for 2011, organizations draw up reports in the forms approved by Order of the Ministry of Finance No. 66n of 02.07.2010. The balance sheet should characterize the financial position of the organization as of the reporting date. -
An example of compiling a report on financial results for an organization for 2013 with comments and explanations is shown. -
Starting from the 2011 financial statements, the accounting statement “Cash Flow Statement” (PBU 23/2011) has been applied, which was introduced to bring Russian accounting standards closer to international standards