On March 22, 2023, the draft Order of the Ministry of Finance “On Amendments to the National Accounting Regulation (Standard) in the Public Sector 102 “Consolidated Financial Reporting” was published.
NAS 102 “Consolidated financial reporting” will be supplemented with regulations according to which, in case of non-submission of consolidated financial reporting by the reporting date by the controlling entities of the public sector located in the territory of the area of military (combat) operations or which are under temporary occupation , encirclement (blocking), the Treasury to the general consolidated financial statements includes relevant indicators of the consolidated financial statements of such controlling entities of the public sector, which were submitted by them in accordance with the legislation for the previous reporting period, in particular:
- form 1 “Balance”, if the last submitted statement is annual;
- forms 1 “Balance” and 2 “Report on financial results”, if the last submitted reporting is interim (I quarter, first half of the year, nine months).
If approved, the order will enter into force on the day of its official publication.