Purpose of the article: reflection of information about the undistributed financial result of the current year and previous years.
Line in the balance sheet: 1370.
Account numbers included in the line: account balance 84 (debit or credit).

After a year of general meeting shareholders of the company or founders of the organization, a decision is made on the distribution of the company’s net profit. The part of the financial result that was not distributed among the participants is recognized as retained earnings of the current year. If the financial result is negative, information appears about the company's uncovered loss.

In a company's accounting, retained earnings or uncovered loss is recorded at account 84. It separately displays the undistributed financial results of the current year and previous periods for different subaccounts.

Note from the author! Account 84 is active-passive, so there can be a debit balance (the amount of the outstanding loss) and a credit balance (the amount of retained earnings), depending on the company's performance.

Balance line 1370 financial statements refers to the section Capital and reserves of the passive part of the balance sheet: reflected here equity firms in terms of retained earnings. Information for all years is summarized and displayed in one line. This line also records information about losses of the current year and previous periods that were not covered by relevant sources of financing.

retained earnings

Line 1370 - part of net profit not spent on the needs of the organization.

Note from the author! Net profit in accounting is understood as the final positive financial result of a company’s activities, which remains after the repayment of all obligations in terms of payment of mandatory taxes, fees, and insurance contributions to the budget.

According to the accounting rules, the financial result of the enterprise is displayed in Kt99.

At the end of the year, a balance sheet reformation procedure is carried out (closing all main accounting accounts). One of the results of this procedure is the transfer of the balance from Kt99 to Dt84 in terms of undistributed income for this period.

retained earnings can be spent on the following needs:

payment of dividends to shareholders or founders of the company;
increasing the size of the company's authorized capital (after official registration of changes in the constituent documentation);
creation of reserves: transfer of part of retained earnings to the company's reserve capital;
repayment of losses from previous years.

Note! During the year, there can be no movement on Dt84 without the decision of the company’s founders.

Uncovered loss

Losses as a result of the organization’s activities may arise in the following cases:

the company’s costs exceed the income received both from its main activities and from operations not related to its main financial and economic activities;
significant errors from previous reporting periods were identified;
adjustments have been made to the company's accounting policies.

Line 1370 of the balance sheet is a reflection of losses that were not covered by possible sources of financing. Historical data and this year are summed up.

Sources of loss coverage:

funds of the authorized fund: bringing the size of the authorized fund to net assets companies. Decrease authorized capital must be carried out within the limits established by law (the minimum threshold for public joint-stock companies is 100 thousand rubles, for non-public joint-stock companies and LLCs - 10 thousand rubles).
funds from the company's reserve fund;
targeted investment by the founders of the organization (contributions from the owners of the company that do not affect the distribution of shares and the amount of the authorized capital);
retained earnings from previous years.

Regulatory regulation

The use of account 84 to generate information about the presence of the company’s undistributed profit at the end of the year (the occurrence of an uncovered loss) is carried out in accordance with the Chart of Accounts and other regulatory documents.

Practical examples of accounting for retained earnings (uncovered loss)

Example 1

In 2017, revenue from the sale of goods of Solnyshko LLC amounted to 2 million rubles (excluding VAT). The cost of goods that were sold amounted to 1 million rubles (purchase from suppliers, transportation, etc.). Other costs of the company - 70 thousand rubles.

Business transactions

930 thousand rubles is the net profit of the LLC.

From the final financial result of the company, income tax was paid to the budget.

186 thousand rubles - settlements with the Federal Tax Service of Russia.

After carrying out the balance sheet reformation procedure, the following posting was made

744 thousand rubles - the retained profit of the company is displayed.

In the balance sheet of Solnyshko LLC at the end of 2017, line 1370 will contain the amount of 744 thousand rubles.

Example 2

As a result of the analysis of financial economic activity The YAR company revealed a loss based on the results of its activities in 2017. The loss as of January 1, 2018 amounted to 40 thousand rubles. The founders of the company decided to cover the loss through their own targeted financing.

Business transactions

15 thousand rubles - cash contribution by the founders.

25 thousand rubles - transfer by the founders Money to the company's bank account.

40 thousand rubles - loss covered targeted contributions founders.

Common entries for retained earnings (uncovered loss)

Balance reform procedure
Dt99 Kt84 - retained earnings.

Dt84 Kt99 - identification of uncovered losses.
Write-off of loss
Dt84 Kt84 - at the expense of income from previous periods.

Dt82 Kt84 - by means of the authorized capital.

Dt75 Kt84 - targeted financing of the founders.

Dt80 Kt84 - bringing the authorized capital to the value of net assets.

Questions and answers on the topic

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Reference materials on the topic

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Line 1370 of financial statements refers to balance sheet.

Line 1370 reflects the amount of retained earnings or uncovered losses of the organization.

Line 1370 is equal to

for interim reporting

for annual reporting

Balance of account 84 “Retained earnings (uncovered loss)”

Retained earnings (uncovered loss) of the reporting period are calculated as the amount of net profit (net loss) of the reporting period, in other words, profit (loss) after tax.

If the organization does not have retained earnings (uncovered loss) of previous years And distribution of interim dividends during the reporting period, then the value of line 1370 is equal to the value of line 2400 " Net profit(loss) of the reporting period" Report on financial results (Form No. 2).

useful links

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Line 1370 “Retained earnings (uncovered loss)”

By line 1370 The amount of retained earnings or uncovered loss of the organization is reflected:

Interim reporting:

[Account balance 99 “Profits and losses”]

plus/minus

minus

[Account balance 84 “Retained earnings (uncovered loss)”]
(in terms of interim dividends accrued in the reporting period)

Annual reporting:

[Account balance 84 “Retained earnings (uncovered loss)”]

The amount of retained profit (uncovered loss) of the reporting period is equal to the amount of net profit (net loss) of the reporting period, i.e. profit (loss) after tax. Therefore, if the organization does not have retained earnings (uncovered loss) from previous years and the distribution of interim dividends during the reporting period, then the value of line 1370 coincides with the value of line 2400 “Net profit (loss) of the reporting period” of Form No. 2.

In some cases, the organization is obliged to reporting period as of January 1 of the reporting year, make adjustments to balance sheet indicators:

1. Retained earnings (uncovered loss) include the results of revaluation of intangible assets if:

the amount of depreciation of intangible assets exceeds the amount of its revaluation credited to Extra capital organizations as a result of revaluations carried out in previous reporting years;
intangible assets that were not previously undervalued are discounted;
intangible assets, which were previously discounted, are revalued and the amount of its writedown carried out in previous reporting years is charged to retained earnings (uncovered loss) in previous reporting years.

The amount of retained earnings (uncovered loss) is adjusted when the estimated values of intangible assets change (i.e., the residual value of intangible assets):

in case of clarification of the deadline beneficial use NMA;
in case of clarification of the method of calculating depreciation for intangible assets.

3. Retained earnings (uncovered loss) include the results of revaluation of fixed assets if:

an asset that was previously discounted is revalued and the amount of its depreciation carried out in previous reporting periods is charged to retained earnings (uncovered loss) in previous reporting years;
the amount of depreciation of an asset exceeds the amount of its revaluation credited to the organization’s additional capital as a result of the revaluation carried out in previous reporting years;
OS, which was not previously undervalued, is discounted.

4. The amount of retained earnings (uncovered loss) is adjusted when accounting policies change:

caused by changes in the legislation of the Russian Federation or regulatory acts on accounting (except for cases when otherwise provided by the relevant legislative or regulatory act);
in other cases, changes in accounting policies.

No adjustment is made to retained earnings if the monetary consequences of a change in accounting policy for periods prior to the reporting period cannot be estimated reliably.

5. Retained earnings (uncovered loss) include the results of recalculation of deferred tax assets and liabilities caused by changes in income tax rates in accordance with the legislation of the Russian Federation.

What accounting data is used. When filling line 1370

When filling line 1370

When filling out this line of the Balance Sheet compiled during the preparation of interim financial statements for the reporting period, data from accounts 99 and 84 are used. If, as a result of calculations using the formula below, a negative value is obtained (i.e., an uncovered loss), then it is shown in the Accounting Sheet balance sheet in parentheses.

IN general case the indicators in line 1370 “Retained earnings (uncovered loss)” as of December 31 of the previous year and as of December 31 of the year preceding the previous year are transferred from the Balance Sheet for the previous year.

The Russian Ministry of Finance recommends that interim dividends paid during the reporting year be reflected separately in the Balance Sheet in section. III (in parentheses) (Letter of the Ministry of Finance of Russia dated December 19, 2006 N 07-05-06/302). If an organization decides to follow this recommendation, it will need to provide in Sec. III separate line, for example line 1371 “including interim dividends”.

Example of filling line 1370

"Retained earnings (uncovered loss)"

When preparing interim reports

EXAMPLE 3.6

Indicators for accounts 99 and 84 on reporting date(the organization does not keep records of special funds on account 84):

┌───────────────────────────────────────────┬─────────────────────────────┐

│ Indicator │As of the reporting date (09/30/2015)│

Account credit balance 84 │ 5,297,260 │

├───────────────────────────────────────────┼─────────────────────────────┤

Account credit balance 99 │ 9,722,897 │

│3. Turnover on the debit of account 84 in part │ 4,000,000 │

│accrued in reporting year intermediate │ │

│dividends │ │

└───────────────────────────────────────────┴─────────────────────────────┘

Fragment of the Balance Sheet for 2014

│Belt- │ Name of indicator │ Code│ At 31 │ At 31 │ At 31 │

│opinions │ │ │ December│ December │ December │

│ │ │ │ 2014│ 2013 │ 2012 │

│ 1 │ 2 │ 3 │ 4 │ 5 │ 6 │

├───────┼─────────────────────────────────┼────┼────────┼───────────┼───────────┤

│ │Retained earnings │1370│ 19,660 │ 16,821 │ 16,416 │

│ │(uncovered loss) │ │ │ │ │

│ │ including intermediate │1371│ (6,000)│ (5,000) │ (4,500) │

│ │ dividends │ │ │ │ │

└───────┴─────────────────────────────────┴────┴────────┴───────────┴───────────┘

Solution

The amount of retained earnings is:

A fragment of the Balance Sheet in Example 3.6 will look like this.

┌───────┬─────────────────────────────────┬────┬────────┬───────────┬───────────┐

│Belt- │ Name of indicator │ Code│ At 30 │ At 31 │ At 31 │

│opinions │ │ │September│December │December │

│ │ │ │ 2015│ 2014

│ 2013 │

Question:

We create a balance sheet and Form 2 “Profit and Loss Statement” for the 1st half of 2016. Accountants tell us that the line “retained earnings” in the balance sheet should converge with the similar line 2400 in Form 2, but it diverges by 8 thousand. If you look at the balance sheet, then the balance of account 99.01.1 clearly appears in the balance sheet, but in form 2, line 2400 is calculated using formulas and collected from different accounts. And here the question arises: should these lines converge? And for any period, maybe they will coincide at the end of the year, when there will be reporting for the whole year and there will be a reformation of the balance sheet?

Our opinion:

The relationship between the indicators of the Balance Sheet and the Profit and Loss Statement is observed under the following conditions:

Please note that the indicators are interrelated (equal) if during the reporting period there was no turnover on account 84 (with the exception of balance sheet reformation). For example, no dividends were accrued and no contributions were made to reserve capital. If the balance of retained earnings was used in the reporting period, then the amount of profit used should be a discrepancy between lines 1370 of the Balance Sheet and 2400 of the Income Statement.

The procedure for filling out the Balance Sheet and the Profit and Loss Statement when preparing interim reporting has the following features:

The procedure for filling out the Balance Sheet and the Profit and Loss Statement when preparing annual reports:

Conclusion:

Comparability of indicators in lines 1370 “Retained earnings (uncovered loss)” of the Balance Sheet and 2400 “Net profit (loss)” of the Financial Results Report must be observed in any reporting period, if during this reporting period there was no turnover on account 84 (except for reformation balance). If the balance of retained earnings was used in the reporting period, then the amount of profit used should be a discrepancy between lines 1370 of the Balance Sheet and 2400 of the Income Statement.

Zaitsevskaya Elena Alexandrovna
project manager

website: algorithm74.rf
VK group:

What influences the value

Attention!

when filling line 1370when preparing interim reporting?

Line 1370 “Retained earnings (uncovered loss) = +- Account balance 99 +- Account balance 84 in terms of retained earnings (uncovered loss)

This line reflects the amount of retained earnings or uncovered losses of the organization.

What influences the valueretained earnings (uncovered loss)?

The amount of retained earnings (uncovered loss) during the reporting period may change as follows:

— increase (decrease) by the amount of net profit (net loss) of the reporting period;

— decrease by the amount of accrued dividends (including interim);

— increase by the amount of declared and unclaimed dividends, period limitation period for which it has expired (Letter of the Ministry of Finance of Russia dated January 27, 2012 N 07-02-18/01);

— increase by the amount of additional capital from the revaluation of non-current assets disposed of in the reporting period (clause 15 of PBU 6/01, clause 21 of PBU 14/2007);

— decrease due to an increase in the authorized capital at the expense of retained earnings;

— increase due to a decrease in the authorized capital when it is brought to the value of net assets;

- decrease due to the direction of retained earnings in reserve fund;

The value of line 1370 “Retained earnings (uncovered loss)” as of the reporting date is equal to the value of line 2400 “Net profit (loss)” of the Income Statement only if the organization at the beginning of the reporting period does not have retained earnings (uncovered loss) from previous years , during the reporting period, interim dividends were not distributed and previously overvalued fixed assets were not disposed of (Instructions for using the Chart of Accounts, paragraphs 79, 83 of the Regulations on Accounting and Financial Reporting, paragraphs 1, 2 of Article 42 of the Law N 208-FZ, clause 1, article 28 of Law N 14-FZ).

Attention!

According to paragraphs. 1 clause 9 PBU 22/2010, significant errors of the previous reporting year, identified after the approval of the financial statements for this year, are corrected by entries in the corresponding accounting accounts in the current reporting period. In this case, the corresponding account in the records is account 84 “Retained earnings (uncovered loss)”. Consequently, if the organization, using records from 2014, corrected significant errors of 2013 or previous years, identified after the approval of the financial statements for the corresponding year, then the indicator of line 1370 “Retained earnings (uncovered loss)” of the Balance Sheet for the reporting period of 2014, in which correctional entries have been made will be formed taking into account the corrective entry.

The amount of the organization’s net profit for the reporting period in accounting is reflected in the credit of account 99 “Profits and losses”, and the amount of net loss is reflected in the debit of account 99.

With the final turnover of December, the amount of net profit (loss) of the reporting year is written off to account 84 “Retained earnings (uncovered loss)” (Instructions for using the Chart of Accounts). The amount of retained earnings is accounted for as a credit to account 84, and the amount of uncovered loss is recorded as a debit for account 84.

The accrual of dividends (both interim and at the end of the year) is reflected in the debit of account 84 in correspondence with accounts 75 “Settlements with founders”, subaccount 75-2 “Settlements for the payment of income”, and 70 “Settlements with personnel for wages” ( Instructions for using the Chart of Accounts). A reverse entry is made for the amount of declared but not claimed dividends for which the statute of limitations has expired (Letter of the Ministry of Finance of Russia dated January 27, 2012 N 07-02-18/01).

Attention!

The distribution of profit based on the results of the year refers to the category of events after the reporting date, indicating the economic conditions in which the organization conducts its activities that arose after the reporting date. At the same time, in the reporting period for which the organization distributes profits, no entries are made in accounting (synthetic and analytical) accounting. And if an event occurs after the reporting date in the accounting of the period following the reporting one, general procedure a record is made reflecting this event (clauses 3, 5, 10 PBU 7/98). Consequently, data on account 84 in the reporting year is formed taking into account the decision made in the reporting year on the distribution of profit received based on the results of the previous year.

The formation in accounting of information on the areas of use of funds of retained earnings is ensured by organizing analytical accounting under account 84 “Retained earnings (uncovered loss)”. At the same time, in analytical accounting, funds of retained earnings used as financial security production development of the organization and other similar measures for the acquisition (creation) of new property and not yet used, can be separated (Instructions for the use of the Chart of Accounts, Letter of the Ministry of Finance of Russia dated November 14, 2012 N 07-02-12/60). Thus, the use of retained earnings for the development of the organization’s production does not lead to either a change in the balance of account 84 or a change in the indicator of line 1370 “Retained earnings (uncovered loss).” Expenses incurred by the organization are recognized in the reporting period when they occurred, regardless of the presence (absence) of a source of financial support (production development funds, consumption funds and other similar funds), as well as the period (time) of their formation (Appendix to the Letter of the Ministry of Finance Russia dated 02/06/2015 N 07-04-06/5027).

What accounting data is used?when filling line 1370“Retained earnings (uncovered loss)”when preparing interim reporting

Line 1370 “Retained earnings (uncovered loss) = Account balance 84 in terms of retained earnings (uncovered loss)

The indicators in line 1370 “Retained earnings (uncovered loss)” as of December 31 of the previous year and as of December 31 of the year preceding the previous year are generally transferred from the Balance Sheet for the previous year.

Let us recall that it is necessary to ensure comparability of data on the amount of retained earnings as of the reporting date, as of December 31 of the previous year and as of December 31 of the year preceding the previous one. If since 2014 accounting policy the organization has undergone changes, then the consequences of these changes are reflected in the financial statements retrospectively (clauses 14, 15 of PBU 1/2008). That is, comparative indicators indicated in the columns “As of December 31, 2013” and "As of December 31, 2012" on line 1370 “Retained earnings (uncovered loss)”, as well as on related articles, must be adjusted in such a way as if the new accounting policy had been applied from the moment the facts of economic activity of this type arose.

In addition, if an organization in the reporting period corrected significant errors of the previous year, the financial statements for which were approved, then the indicator of retained earnings (uncovered loss) as of December 31 of the previous year and as of December 31 of the year preceding the previous one is recalculated as if the error of the previous reporting period was never allowed (retrospective recalculation) (clause 2, clause 9 of PBU 22/2010).

If errors of earlier reporting periods (years preceding the previous year) were corrected, then the indicator of retained earnings (uncovered loss) as of December 31 of the year preceding the previous one is also subject to recalculation.

The exception is cases when it is impossible to establish a connection between an error and a specific period or it is impossible to determine the impact of this error cumulatively in relation to all previous reporting periods.

The Russian Ministry of Finance recommends that interim dividends paid during the year for which financial statements are prepared be reflected in the annual Balance Sheet separately in section. III (in parentheses) (Letter dated December 19, 2006 N 07-05-06/302). If an organization decides to follow this recommendation, it will need to provide in Sec. III separate line, for example line 1371 “including interim dividends”.

If in the reporting year, in previous year and (or) in the year preceding the previous one, interim dividends were accrued in the organization, then the procedure for their reflection (with or without allocation in a separate line) for each of the dates should be the same.

Example of filling line 1370“Retained earnings (uncovered loss)”when preparing annual reports

Indicators for account 84 (the organization does not keep records of special funds in account 84): rub.

Fragment of the Balance Sheet for 2013

Solution

The amount of retained earnings is:

The amount of accrued interim dividends is:

In this case, a fragment of the Balance Sheet will look like this.

In addition, additional capital can be formed when the founders make contributions to the property of the LLC or take into account the amount of VAT recovered by the participant when transferring the property as a contribution to the authorized capital and transferred to the established organization. To fill out line 1350, take the credit balance of account 83 “Additional capital” and from it subtract the amounts of additional valuation of fixed assets and intangible assets. Line 1360 “Reserve capital” Line 1360 is filled out by organizations that create a reserve fund. IN mandatory it should be formed only by joint stock companies (Article 35 Federal Law dated December 26, 1995 No. 208-FZ “On Joint-Stock Companies”). According to this article, joint stock companies must annually contribute at least 5 percent of net profit to the reserve fund. These deductions stop when the reserve fund reaches the size provided for by the charter.

Line 1370 of the balance sheet: explanation

This means that the value is negative - it will need to be subtracted from the total liabilities of the balance sheet. Line 1340 “Revaluation of non-current assets” Line 1340 is filled in by those companies that revaluate fixed assets and intangible assets.
In line 1340 it is necessary to show the amount of increase in the value of non-current assets established during revaluation. That is, it is necessary to transfer to this line of the balance sheet the credit balance of account 83 “Additional capital” in terms of subaccounts that reflect the additional valuation of property.

Line 1350 “Additional capital (without revaluation)” Note that additional capital can be formed both through the additional valuation of non-current assets and through share premium. Such income arises, for example, from joint-stock companies if the organization’s own shares are placed at a price higher than their par value.

Section iii "capital and reserves" of the balance sheet

Other income" Difference of indicators: · Turnover on the credit of the sub-account "Other income" to account 91 "Other income and expenses" · Turnover on the debit of the sub-account "VAT" to account 91 "Other income and expenses" 2350 "Other expenses" Difference of indicators: · Turnover on the debit of the subaccount “Other expenses” to account 91 “Other income and expenses” · Indicator on line 2330 “Interest payable” The indicator is indicated in parentheses, the minus sign is not placed. 2410 “Income taxes (income)” · If an organization pays income tax, then the value of line 180 of sheet 02 of the income tax declaration is recorded · If the organization is on the simplified tax system (income), then the difference between the indicators on lines 133 and 143 of section 2.1 is indicated. 1 declaration under the simplified tax system · If the organization is on the simplified tax system (income minus expenses), then indicate the indicator on line 273 of section 2.2 of the declaration under the simplified tax system.

Online magazine for accountants

Credit balance on account 66 “Calculations for short-term loans and loans" 1520 " Accounts payable» Amount of credit balance on accounts: · 60 “Settlements with suppliers and contractors” · 62 “Settlements with buyers and customers” · 76 “Settlements with various debtors and creditors” · 68 “Settlements for taxes and fees” · 69 “Settlements for social insurance and security" · 70 "Settlements for wages" · 71 "Settlements with accountable persons" · 73 "Settlements with personnel for other operations" · 75-2 "Settlements for payment of income" 1550 "Other Short-term liabilities» Amount of account balances: · 98 “Deferred income” · 96 “Reserves upcoming expenses" · 77 " Postponed tax obligations» 1700 Balance sheet Sum of indicators by line: 1310+1410+1450+1510+1520+1550 After filling out all balance sheet terms, you need to check whether the amount equals assets and liabilities of the balance sheet.

Procedure for filling out reports

VAT accrued on revenue (subaccount 90-3) - 360,000 rubles; profit from sales (subaccount 90-9) - 700,000 rubles; total amount other income (subaccount 91-1) - 59,000 rubles; total amount of other expenses (subaccount 91-2) - 34,000 rubles; profit as a result of receiving other income (subaccount 91-9) - 25,000 rubles. When closing all sub-accounts opened to accounts 90 “Sales” and 91 “Other income and expenses”, as well as reforming the balance sheet, the accountant will make the following entries: DEBIT 90-1 CREDIT 90-9 – 2,360,000 rubles.

Sub-account 90-1 is closed; DEBIT 90-9 CREDIT 90-2 – RUB 1,300,000. - subaccount 90-2 is closed; DEBIT 90-9 CREDIT 90-3 – 360,000 rub. - subaccount 90-3 is closed; DEBIT 90-9 CREDIT 99 – 700,000 rub. - profit from sales is reflected (postings were made monthly during financial year the amount of profit received from the main activity); DEBIT 91-1 CREDIT 91-9 – 59,000 rub.

An example of filling out a simplified balance sheet for a simplified tax system

Attention

That is, the fact of payment of the authorized capital does not play any role in determining the indicator of line 1310, which accountants sometimes forget about. The debt of the founders is reflected as accounts receivable on line 1230 of the balance sheet asset.

Important

The credit balance of account 80 “Authorized capital” is transferred to line 1310. Line 1320 “Own shares …” Line 1320 can be filled out by both joint-stock companies and companies with limited liability(if the company buys back shares from retiring founders).

Joint stock companies Line 1320 shows own shares purchased from shareholders, and limited liability companies reflect the value of shares in the authorized capital purchased from participants (founders) of the company. The debit balance of account 81 “Own shares (shares)” is transferred to this line.
Be careful: the indicator in line 1320 is shown in parentheses.
DEBIT 91-9 CREDIT 91-2 – 34,000 rub. - subaccount 91-2 is closed; DEBIT 91-9 CREDIT 99 – 25,000 rub. - profit from other income and expenses is reflected (postings were made monthly during the financial year for the amount of profit received from other activities); DEBIT 99 CREDIT 68 subaccount “Calculations for income tax” – 145,000 rubles. ((700,000 + 25,000) × 20%) - income tax accrued (posting is done during the year as advance tax payments are accrued); DEBIT 99 CREDIT 84 – 580,000 rub. (700,000 + 25,000 – 145,000) - the balance sheet was reformed and the company’s net profit for 2015 was reflected. Let’s assume that the amount of retained earnings from previous years amounted to 1,560,000 rubles. In this situation, on line 1370 of the balance sheet for 2015, the accountant will reflect the amount of profit in the amount of: 1,560,000 + 580,000 = 2,140,000 rubles.

Balance sheet line 1370 capital and reserves in a simplified balance sheet

So, for such persons you need to take both SZV-M and SZV-STAZH!< … При оплате «детских» больничных придется быть внимательнее Листок нетрудоспособности по уходу за больным ребенком в возрасте до 7 лет будет оформляться на весь период болезни без каких-либо ограничений по срокам.

Info

But be careful: the procedure for paying for “children’s” sick leave remains the same!< … Онлайн-ККТ: кому можно не торопиться с покупкой кассы Отдельные представители бизнеса могут не применять онлайн-ККТ до 01.07.2019 года.

However, for the application of this deferment there are a number of conditions (tax regime, type of activity, presence/absence of employees). So who has the right to work without a cash register until the middle of next year?< …
In this case, the size of the fund cannot be less than 5 percent of the authorized capital. Limited liability companies can also create a reserve fund. At the same time, they determine its size and order of formation independently. The credit balance of account 82 “Reserve capital” is transferred to line 1360 of the balance sheet. Line 1370 “Retained earnings (uncovered loss)” Line 1370 is filled in by all organizations. After all, it is in this line that the retained profit or uncovered loss of the company is shown.

Agree, it is unlikely that the company will break even. There will still be at least a minimum profit or a minimum loss.

Filling out line 1370 is easy.

Forming mandatory reporting organization correctly: possible reasons for discrepancies when preparing annual reports - read the article.

Question: When preparing annual reports, a discrepancy was identified on line 2400 net profit, which should be equal to the turnover on the loan account 84.01 (in the balance sheet line 1370 = balance on the loan account 84). Due to what indicators a discrepancy is possible, where to look for an error

Answer: indicators on lines 1370 of the Balance Sheet and 2400 of the Income Statement are interrelated if there were no turnovers in account 84 during the reporting period (with the exception of balance sheet reformation). For example, no dividends were accrued and no contributions were made to reserve capital.

The rationale for this position is given below in the materials of the Glavbukh System, commercial version.

Relationship between financial statements indicators

Reporting forms, the relationship of indicators of which are given in the tables, were approved by order of the Ministry of Finance of Russia dated July 2, 2010 No. 66n. For more information about when these forms need to be used, see What documents need to be submitted as part of the financial statements.

Relationship between indicators
Balance Sheet And Financial results report

Balance sheet		Income statement
I. Fixed assets
line 1180 "Delayed tax assets»		line 2450 “Change in deferred tax assets”, value at the end of the reporting period
III. Capital and reserves
line 1370 “Retained earnings (uncovered loss)”		line 2400 “Net profit (loss)”, value at the end of the reporting period
IV. long term duties
line 1420 “Deferred tax liabilities”		line 2430 “Change in deferred tax liabilities”, value at the end of the reporting period

An example of how income tax calculations are reflected in the Statement of Financial Results. The organization applies PBU 18/02

CJSC "Alfa" applies common system taxation. For 2013, the organization received book profit in the amount of RUB 2,559,000. This indicator is reflected in line 2300 “Profit (loss) before tax” of the Statement of Financial Results.

The organization applies PBU 18/02. Information on deferred tax liabilities (assets), permanent tax liabilities (assets) and conditional income tax expense (income) for 2013 is given in the table (RUB).

Indicator name	Debit	Credit	Difference between revolutions
Turnovers on account 09 “Deferred tax assets” in correspondence with account 68 sub-account “Calculations for current tax at a profit"
Turnover on account 77 “Deferred tax liabilities” in correspondence with account 68 sub-account “Calculations for current income tax”
Turnover on account 99 “Profits and losses” sub-account “Fixed tax liabilities (assets)” in correspondence with account 68 sub-account “Calculations for current income tax”
Turnovers on account 99 “Profits and losses” subaccount “Conditional income tax expense (income)” in correspondence with account 68 subaccount “Calculations for current income tax”

The debit turnover on account 68 subaccount “Calculations for current income tax” is equal to 160,000 rubles. (45,000 rub. + 115,000 rub.). Credit turnover - 605,800 rub. (RUB 55,000 + RUB 19,000 + RUB 20,000 + RUB 511,800). The amount of current income tax for 2013 is RUB 445,800. (RUB 160,000 - RUB 605,800).

The Alpha accountant compiled the report regarding the preparation of calculations for income tax and net profit (loss) as follows (thousand rubles).

An example of reflecting net profit (loss) of the reporting period in the Financial Results Report. The organization pays UTII

LLC "Trading Company "Hermes"" is engaged in retail trade. Retail transferred to UTII. For 2013, the organization received a balance sheet profit in the amount of RUB 859,000. This indicator is reflected in line 2300 “Profit (loss) before tax” of the Report. The organization does not apply PBU 18/02. Therefore, when filling out lines 2410-2450 of the Report, the Hermes accountant added dashes. The credit turnover on account 68 sub-account “Settlements on UTII” of the organization for the reporting period is 64,160 rubles. The accountant showed this amount on line 2460 “Other”.

The Hermes accountant compiled the report regarding the formation of net profit (loss) as follows (thousand rubles).

Procedure for filling out the Financial Results Report

Title of report articles	Accounting accounts	Note
	Total turnover on credit account 90 “Sales” subaccount “Revenue”; minus turnover on the debit of account 90 of the subaccount: - “Value added tax”; - “Excise taxes”	Revenue is income from common species activities, which include the sale of products and goods, performance of work, provision of services. The list of such income is given in PBU 9/99
Cost of sales	Total turnover in the debit of account 90 “Sales” subaccount “Cost of sales” in correspondence with the accounts: - 20 “Main production”; - 21 “Semi-finished products of own production”; - 23 “Auxiliary production”; - 29 " Service industries and farms"; - 40 “Release of products (works, services)”; - 41 “Products”; - 43 " Finished products»; - 45 “Goods shipped”
Gross profit (loss)	The difference between the amounts reflected in lines 2110 and 2120
Business expenses	Total turnover in the debit of account 90 “Sales” subaccount “Cost of sales” in correspondence with account 44 “Sales expenses”	Indicate the indicator in parentheses (without the minus sign)
Administrative expenses	Total turnover in the debit of account 90 “Sales” subaccount “Cost of sales” in correspondence with account 26 “General business expenses”	Complete this line if accounting policy write-off provided general expenses directly to the debit of account 90 “Sales”.
Profit (loss) from sales	The difference between the amounts reflected on lines 2100, 2210 and 2220	The indicator must correspond to the difference between the total turnover for the reporting period in the debit and credit of account 90 “Sales”, subaccount “Profit (loss) from sales” in correspondence with account 99 “Profits and losses”. Indicate the loss in parentheses (without the minus sign)
Income from participation in other organizations	Total turnover on the credit of account 91 “Other income and expenses” subaccount “Other income” in correspondence with account 76 “Settlements with various debtors and creditors” subaccount “Settlements for due dividends and other income”
Interest receivable	Total turnover on the credit of account 91 “Other income and expenses” subaccount “Other income” in correspondence with the accrued interest accounts: - By securities; - on loans issued; - for the bank’s use of free funds in the organization’s account, etc.
Percentage to be paid	Total turnover in the debit of account 91 “Other income and expenses” subaccount “Other expenses” in correspondence with the accounting accounts: - interest payable on issued securities; - received credits and loans	Indicate the indicator in parentheses (without the minus sign)
Other income	Total turnover on the credit of account 91 “Other income and expenses” subaccount “Other income” minus: - data on lines 2310 and 2320;
other expenses	Total turnover in the debit of account 91 “Other income and expenses” subaccount “Other expenses” minus: - data on line 2330; - turnover on the debit of account 91 subaccount “Other expenses” in terms of accrued value added tax (in correspondence with account 68 subaccount “VAT calculations”)	Indicate the indicator in parentheses (without the minus sign)
Profit (loss) before tax	Sum of data on lines 2200, 2310, 2320, 2340 minus data on lines 2330 and 2350	Indicate the negative value of the indicator in parentheses (without the minus sign)
Current income tax	The difference between the total turnover in the debit and credit of account 68 “Calculations for taxes and fees” subaccount “Calculations for current income tax” in correspondence with the accounts: - 09 “Deferred tax assets”; - 77 “Deferred tax liabilities”; - 99 “Profits and losses” subaccount “Conditional expense (conditional income) for income tax”; - 99 “Profits and losses” subaccount “Fixed tax liabilities (assets)”	The indicator must correspond to the amount of income tax reflected on sheet 02 of the income tax return Indicate the indicator in parentheses (without the minus sign)
Including permanent tax liabilities (assets)	The difference between the total turnover in the debit and credit of account 99 “Profits and losses” subaccount “Fixed tax liabilities (assets)” in correspondence with account 68 “Calculations for taxes and fees”	If the turnover on the debit of account 99 “Profits and losses” subaccount “Fixed tax liabilities (assets)” is less than the turnover on the loan, indicate the permanent tax asset - without brackets If the turnover in the debit of account 99 “Profits and losses” subaccount “Fixed tax liabilities (assets)” is greater than the turnover on the loan, indicate the permanent tax liability - in parentheses
Change in deferred tax liabilities	The difference between the total turnover on the credit and debit of account 77 “Deferred tax liabilities” in correspondence with account 68 “Calculations for taxes and fees” subaccount “Calculations for current income tax”	If the credit turnover of account 77 “Deferred tax liabilities” is less than the debit turnover, then indicate the difference without brackets If the credit turnover of account 77 “Deferred tax liabilities” is greater than the debit turnover, then indicate the difference in parentheses
Change in deferred tax assets	The difference between the total turnover in the debit and credit of account 09 “Deferred tax assets” in correspondence with account 68 “Calculations for taxes and fees” subaccount “Calculations for current income tax”	If the turnover on the debit of account 09 “Deferred tax assets” is greater than the turnover on the loan, then indicate the difference without brackets If the turnover on the debit of account 09 “Deferred tax assets” is less than the turnover on the loan, then indicate the difference in parentheses
	Turnovers in account 99 “Profits and losses” not reflected in the previous lines	Indicate the negative value of the indicator in parentheses (without the minus sign)
Net income (loss)	Line 2300 + (-) line 2430 + (-) line 2450 - line 2410 + (-) line 2460*	The indicator should be equal ending balance on account 99 “Profits and losses”, which is written off to account 84 “Retained earnings (uncovered loss)”. Indicate the negative value of the indicator in parentheses (without the minus sign)

Alexander Sorokin answers,

Deputy Head of the Operational Control Department of the Federal Tax Service of Russia

“Cash payment systems should be used only in cases where the seller provides the buyer, including its employees, with a deferment or installment plan for payment for its goods, work, and services. It is these cases, according to the Federal Tax Service, that relate to the provision and repayment of a loan to pay for goods, work, and services. If an organization issues a cash loan, receives a repayment of such a loan, or itself receives and repays a loan, do not use the cash register. When exactly you need to punch a check, look at