Methods for calculating costs and financial results of an enterprise

Line 2120 “Cost of sales”

This line reflects information on expenses for ordinary activities that formed the cost of goods sold, products, work performed and services rendered (clauses 9, 21 of PBU 10/99).
What expenses form the cost

sold goods, products, works, services

The cost of goods, works, and services sold includes the following expenses for ordinary activities (clauses 4, 5, 9 of PBU 10/99, clauses 11, 22, paragraph 3 of clause 23 of PBU 2/2008):

— costs associated with the manufacture of products;

— expenses associated with the purchase of goods;

— costs associated with the performance of work;

— expenses associated with the provision of services;

— expenses associated with the provision of property for rent (in organizations whose subject of activity is the provision of their assets for rent);

— costs associated with granting rights to use the results of intellectual activity (in organizations whose subject of activity is the provision of such rights for a fee);

— expenses associated with participation in the authorized capitals of other organizations (in organizations whose subject of activity is participation in the authorized capitals of other organizations);

— amounts of deviations, claims, incentive payments recognized as part of revenue under construction contracts in previous reporting periods, the receipt of which was in doubt (expected losses);

— other expenses depending on their nature, conditions of implementation and areas of activity of the organization.

For organizations performing work under construction contracts, direct costs under the contract (expenses for ordinary activities) can be reduced by the organization’s income not directly related to the execution of the contract, received during the execution of other contracts (paragraph 3 of clause 12 of PBU 2/2008 ). For example:

— on income from the sale of materials and structures excessively written off for production;

- for rent for construction equipment that is temporarily not used by the organization itself for the execution of a construction contract.

The cost of goods, products, works, services sold is written off from accounts 20 “Main production”, 23 “Auxiliary production”, 29 “Service production and facilities”, 41 “Goods”, 43 “Finished products”, 40 “Output of products, works, services" and others to the debit of account 90 "Sales", subaccount 90-2 "Cost of sales" (Instructions for using the Chart of Accounts).

Note that administrative expenses accounted for on account 26 “General business expenses”, in accordance with the accounting policy of the organization (clause 9, 20 PBU 10/99, Instructions for using the Chart of Accounts):

1) may be included in the cost of products, works, services (debited from account 26 to accounts 20, 23, 29);

2) as conditionally constant, they can be attributed directly to the cost of sales of the reporting period in which they arose (written off from account 26 to the debit of account 90, subaccount 90-2).

Attention!

General business expenses of construction organizations can be included in the cost of work under construction contracts only if their reimbursement by the customer is provided for (clause 14 of PBU 2/2008).

In the first case, these expenses form the indicator on line 2120 “Cost of sales”, and in the second - they are shown on line 2220 “Administrative expenses” of the Income Statement.

The rules for recognizing expenses in the Statement of Financial Results are defined in paragraphs 18, 19 of PBU 10/99 and paragraphs 16, 23 of PBU 2/2008. In particular:

— expenses are recognized taking into account their connection with revenues (for example, the cost of performing work is recognized simultaneously with the recognition of revenue from their sale as income);

— if expenses determine the receipt of income over several reporting periods and the relationship between income and expenses cannot be clearly defined or is determined indirectly, then they are recognized in the Statement of Financial Results by reasonably distributing them between reporting periods;

- if an organization that is a small business entity, with the exception of issuers of publicly placed securities, revenue from the sale of products and goods is recognized not as the rights of ownership, use and disposal for the delivered products or goods sold are transferred, but after receipt of payment, then expenses are recognized after debt repayment.

Features of calculating the cost of goods, products, works, services are established by industry methodological instructions, recommendations, guidelines (clause 10 PBU 10/99, Letter of the Ministry of Finance of Russia dated April 29, 2002 N 16-00-13/03 “On the application of regulatory documents governing issues accounting for production costs and calculating the cost of products (works, services)".

ADDITIONALLY on this issue, see the subsection “Expenses for ordinary activities (by cost elements)” of the Guide to Information Security “Correspondence of invoices”.

What accounting data is used?

when filling out line 2120 “Cost of sales”

The value of the indicator of line 2120 “Cost of sales” (for the reporting period) is determined on the basis of data on the total debit turnover for the reporting period on account 90, subaccount 90-2, in correspondence with accounts 20, 23, 29, 41, 43, 40, etc. In this case, the turnover on the debit of account 90, subaccount 90-2, in correspondence with the credit of account 44, as well as in correspondence with the credit of account 26 (if any) are not taken into account (clause 23 of PBU 4/99). The resulting value of the cost of goods, products, works, services sold is indicated in line 2120 “Cost of sales” in parentheses.

Attention!

If types of income are identified in the Financial Results Report, each of which individually constitutes five or more percent of the organization’s total income for the reporting year, additional lines are added to line 2120 “Cost of sales”, which indicate expenses corresponding to the types identified by the organization income (clause 21.1 PBU 10/99).

If, in accordance with the accounting policy of the organization, management expenses are written off as semi-fixed expenses to the debit of account 90, subaccount 90-2.

The indicator in line 2120 “Cost of sales” (for the same reporting period of the previous year) is transferred from the Financial Results Report for the same reporting period of the previous year.

Example of filling line 2120

"Cost of sales"

EXAMPLE 6.2

Indicators for subaccount 90-2 of account 90 in accounting (without taking into account the turnover on the debit of subaccount 90-2 in correspondence with the credit of accounts 44 and 26):

rub.

Fragment of the Financial Results Report for 2012

Solution

The cost of goods, products, works, services sold for 2013 is (total) 72,014 thousand rubles.

For types of revenue constituting at least 5%, the cost is equal to:

products sold - 53,215 thousand rubles;

goods sold - 15,221 thousand rubles.

A fragment of the Income Statement in Example 6.2 will look like this.

What form should I use to prepare the Financial Results Report?

Before you begin drawing up Form No. 2, decide which form you will use. Let us remind you that “simplified”, being small businesses, have the right to choose: fill out a full Report or an abbreviated one. Both versions of the form are given in the appendices to the order of the Ministry of Finance of Russia dated July 2, 2010 No. 66n “On forms of financial statements of organizations” (hereinafter referred to as order No. 66n).

It is logical that if you use an abbreviated form when filling out a balance sheet, you choose the same for the Financial Results Report. And vice versa. Since the balance sheet and Form No. 2 are interrelated documents, the degree of information disclosure in them should be uniform.

A report in a generally accepted form is more informative. And later in the article we will talk about which lines to fill out in this particular form (the form is contained in Appendix No. 1 to Order No. 66n). And since the simplified Report (its form is contained in Appendix No. 5 to Order No. 66n) consists of the same indicators, only enlarged, it will not be difficult for you to fill out the simplified Report if you understand the usual one.

An example of filling out the “Financial Results Report” for 2020

Let’s say a company draws up a financial financial statement based on information from the balance sheet for 2021 (in rubles) and analytics of accounts 90, 91, 99:

The lines of the OFR are filled in by calculating the values ​​using the above algorithms:

The result of the calculations is net profit in the amount of 239 thousand rubles. After the balance sheet reformation, it will be taken into account as part of retained earnings, i.e. from D/t 99/01 will be transferred to K/t 84/01. The company does not fill out the remaining lines of the report, since it did not carry out such operations.

The financial results report for 2021 reflected a significant loss of income compared to the previous year 2021 - the company's profit fell from RUB 1,428 thousand. up to 239 thousand rubles, which is due to the current situation related to the spread of coronavirus.

Sample of filling out the “Report on financial results” 2020

Where to get numerical data to fill out form No. 2

The indicators for filling out form No. 2 are not account balances at the end of the year. In most cases, the Report must include the debit turnover for a specific account (or subaccount) or the sum of turnover for several accounts that do not have a balance at the end of the year. Therefore, further we will consider each line of the Report, explaining where to get the information from. And for each line we will indicate the code established by Appendix No. 4 to Order No. 66n.

Which lines of the Report are filled in based on account data 90

Revenue (code 2110). Please note that the entire Report is completed “by shipment”. That is, you take into account the accrued amounts reflected in the accounting; the fact of payment (or non-payment) does not matter. Thus, the amount of revenue reflected in the Report will not coincide with the amount of income that you calculated at the end of the year in the Income and Expense Accounting Book. After all, the Accounting Book, on the contrary, is kept only “by payment”.

The only case when in accounting revenue is recorded not by the date of shipment, but by the fact of payment, is when you have entered into a purchase and sale agreement with a special procedure for the transfer of ownership. Based on such an agreement, goods (work, services) are considered sold only after the buyer transfers money to you. But to do this, these conditions must be clearly stated in the contract. This means that the revenue accrued in accounting has already been paid. But this is an exception to the rule, because in all other situations, revenue in accounting is recorded at the moment of transfer of ownership, regardless of monetary settlements

So, in order to fill out the “Revenue” line, you need to take the total turnover for the year on the credit of account 90 of the “Revenue” subaccount. On it, you took into account sales revenue throughout the year. Then this sub-account was “reset to zero” on December 31 when the balance sheet was reformed, but before that, revenue had been accumulating for a whole year.

Cost of sales (code 2120). This indicator includes all costs for the purchase of raw materials, goods, materials and other material resources. That is, those expenses that directly affect the formation of the cost of goods (services) sold. In the Report, you fill in data about these expenses as they are accrued in accounting; payment does not matter. That is, in the line “Cost of sales” you transfer the turnover for the year to the debit of account 90 of the subaccount “Cost of sales”. Let us remind you that during the year you took into account expenses in correspondence with the following accounts: - 20 “Main production”; — 23 “Auxiliary production”; — 29 “Service industries and farms; — 41 “Products”; — 43 “Finished products”; — 45 “Goods shipped.”

When filling out cost data, subtract commercial and administrative expenses from the debit turnover of the “Cost of Sales” subaccount. That is, turnover in correspondence with accounts 44 “Sales expenses” and 26 “General business expenses”. Such transactions are reflected in your accounting by the following entries: DEBIT 90 subaccount “Cost of sales” CREDIT 44 “Sales expenses” - commercial expenses are reflected in the cost price;

DEBIT 90 subaccount “Cost of sales” CREDIT 26 “General business expenses” - administrative expenses are reflected in the cost price.

If you fill out the abbreviated form of the Report, then you do not need to deduct anything, since the debit turnover in the “Cost of Sales” subaccount is fully reflected in the “Expenses for Ordinary Activities” indicator.

Gross profit (code 2100). This is an intermediate indicator characterizing sales income. To calculate it, subtract the cost from the amount of revenue. If you draw up a Report in a simplified form, this indicator is not included in it, since the cost price is not distinguished from the total costs of production (sales). Which also includes selling and administrative expenses.

Selling expenses (2210). In this line you include data on costs associated with the sale of products: packaging of goods, delivery, loading, advertising, etc. Such amounts during each month are accumulated in the debit of account 44 “Sales expenses”, after which they are written off in the debit of the account 90. At the end of the month, a balance on account 44 is not formed in most cases (except for transportation and procurement costs, which, according to accounting policy, can be written off in proportion to the volume of products sold). So, to fill out the line “Business expenses”, you take the total annual turnover from the debit of account 90 of the sub-account “Cost of sales” in correspondence with account 44 “Sales expenses”.

Administrative expenses (2220). Managerial expenses are those that are not directly related to production (sales), but affect the cost of products, works, and services. Thus, management expenses include expenses for rent and maintenance of an office, salaries of administrative and managerial personnel, legal and consulting services, etc. The amounts of these expenses are accumulated in account 26 “General expenses” and are debited monthly to account 90 “Sales”. This means that on the line “Administrative expenses” you show the annual turnover in the debit of account 90 of the sub-account “Cost of sales” in correspondence with account 26.

The procedure for accounting for commercial and administrative expenses should be reflected in your accounting policy (clause 20 of PBU No. 10/99). And only on the basis of the working chart of accounts approved in the accounting policy, you can attribute expenses to the appropriate accounting accounts.

Profit (loss) from sales (2200). In this line you show the interim financial result. It reflects the organization’s performance in its core activities, excluding other income and expenses.

The indicator “Profit (loss) from sales” is calculated using the following formula:

Using this indicator, you can do a self-test: compare the result obtained with the turnover in account 90 of the “Profit/Loss from Sales” sub-account for the year. The indicators must match.

If you fill out a simplified Report form, the profit (loss) from sales is not shown.

What information is transferred to the Report from account 91

Income from participation in other organizations (2310). This line shows income from investments in the authorized capital of other companies. During the year, you reflected the following amounts by posting: DEBIT 76 subaccount “Calculations for dividends due” CREDIT 91 subaccount “Other income” - dividends from participation in other organizations were accrued.

In form No. 2 we record the annual turnover on the credit of account 91 of the sub-account “Other income” in correspondence with the debit of account 76 of the sub-account “Calculations for due dividends”. And if you fill out a simplified Report, this indicator is included in “Other Income”.

Interest receivable (2320). In this line you record the accrued interest that the company receives on loans provided to other organizations or its employees, and here you also include interest on bank deposits. In accounting during the year, interest is accrued on the last day of each month, and the following entries are made: DEBIT 76 subaccount “Settlements with various debtors and creditors” CREDIT 91 subaccount “Other income” - interest receivable on a loan from a third party is accrued;

DEBIT 73 subaccount “Settlements with personnel for other operations” CREDIT 91 subaccount “Other income” - interest receivable on a loan issued to an employee has been accrued.

Thus, you need to take data on accrued interest from the credit turnover of account 91 subaccount “Other income” in correspondence with account 76 “Settlements with various debtors and creditors” or 73 “Settlements with personnel for other operations.”

When you fill out a simplified Report, reflect interest receivable as part of the general indicator “Other income”. That is, nothing needs to be subtracted from the credit of account 91.

Interest payable (2330). During the year, you accrued interest that you need to pay on loans received, on the credit of account 66 “Settlements on short-term loans and borrowings” or account 67 “Settlements on long-term loans and borrowings” in correspondence with the debit of account 91 subaccount “Other expenses”. At the end of each month, your accounting records contain the following entries: DEBIT 91 subaccount “Other expenses” CREDIT 66 “Calculations for short-term loans and borrowings” - interest accrued on short-term loans;

DEBIT 91 subaccount “Other expenses” CREDIT 67 “Calculations for long-term loans and borrowings” - interest accrued on long-term loans.

To fill out the “Interest payable” line, you need to take the turnover into the debit of account 91 of the “Other expenses” subaccount from the credit of account 66 or 67.

Please note that interest payable in the Report should be reflected on a separate line, since information on such expenses is significant (clause 4 of PBU 15/2008 “Accounting for expenses on loans and credits”). Even if you fill out simplified form No. 2, the line “Interest payable” is highlighted separately.

Other income (2340). It is logical that to these incomes you include those accruals that cannot be taken into account in the main activities of the company and which were not included in the previous lines. For example, proceeds from the sale of fixed assets, income from the rental of property, penalties for violation of obligations by counterparties, etc.

Note that all other income and expenses are reflected in accounting “on an accrual basis.” And form No. 2 is filled out in the same way - “accrual”. The actual receipt or payment of money does not matter.

So, in the line “Other income” you show the amount of annual credit turnover on account 91 sub-account “Other income”, excluding the data in the lines “Income from participation in other organizations” and “Interest receivable” if you filled out these lines separately. But if you fill out a simplified Report, you don’t need to subtract anything, since it shows all other income on a single line.

Other expenses (2350). Here you record accrued penalties, fines, contractual penalties, banking expenses, asset write-down amounts, as well as overdue accounts receivable and other expenses that are not related to the company’s main activities. By analogy with basic expenses, other expenses in accounting are attributed to the period in which they arose. And this does not depend on when the benefit was received for the expenses incurred.

In your accounting, other expenses have been accumulated throughout the year in the debit of account 91 of the “Other expenses” subaccount. Accordingly, it is this debit turnover that you enter into form No. 2. Do not forget to subtract the amount indicated in the “Interest payable” line, which you have already filled out earlier.

How to calculate final financial results

Profit/loss before tax (2300). This indicator characterizes the efficiency of all your business activities. When analyzing it, it is important to evaluate the relationship between income from core and other activities. That is, if the share of other income is a large part, then the company’s activities cannot be assessed as stable.

It is necessary to calculate the indicator, since the tax burden is different for everyone. This indicator allows regulatory agencies to maintain average statistics on the work of companies.

To calculate this indicator, use the formula:

If you fill out a simplified Report form, then intermediate indicators of profit (loss) are not calculated, but the final financial result is displayed immediately. Therefore, there is no line “Profit/loss before tax” in this form of the Report.

Current income tax (2410). In this line you need to put dashes, since the “simplified” ones do not have income tax. You will write the “simplified” tax in the “Other” line.

If you fill out simplified form No. 2, then there is no line “Current income tax”, but there is a line “Income taxes (income)”. Then enter the amount of tax according to the simplified tax system that you calculated at the end of the year. Please note: Tax is shown regardless of whether it has been paid.

If at the end of the year you have to pay not a “simplified” tax, but a minimum tax, then you show it.

The lines “incl. permanent tax liabilities (assets), “change in deferred tax liabilities” and “change in deferred tax assets” you do not need to fill out. Because they are for income tax payers. And in the simplified form of the Report there are no such lines at all.

Other (2460). It is in this line that you write down the amount of “simplified” (or minimum) tax accrued at the end of the year. Write the indicator in parentheses (like all other negative values ​​in the Report).

Net profit/loss (2400). So, we have come to calculating the final indicator of the Report. Calculate net profit (loss) by subtracting the accrued amount of “simplified” or minimum tax from profit (loss) before tax.

You can check whether you have correctly calculated the amount of net profit (loss) by comparing the resulting value with the amount transferred to account 84 “Retained earnings/uncovered loss” after the balance sheet reformation. The numbers must match.

If you are filling out a simplified Report, in order to get net profit (loss), sum up all the data on the income that your company received and subtract all expenses from the resulting amount.

Accountants who work using the simplified system do not need to fill out the “REFERENCE” information, since these lines are intended for calculations that clarify the income tax.

Instructions for filling out form 2

When drawing up Form No. 2, it is necessary to take into account the recommendations given by the Ministry of Finance of Russia in letter No. 07-04-06/5027 dated 02/06/2015. They relate to issues of conducting an audit of accounting documentation for the reporting period. All amounts displayed in the report must not include VAT and excise taxes. This is especially true for income that affects the amount of income tax. Let's look at an example for dummies of how to draw up a financial performance report based on balance sheet lines and accounting data. Step-by-step instructions will help.

Step 1. Filling out the title page

The report header looks like this:

Step 2. Rules for compiling financial results

Expenses and negative indicators (losses) must be posted without the minus sign. Their negative value must be indicated by parentheses. The indicators for the reporting period (2020) must be compared with the indicators for the same reporting period last year (2019). So, be sure to include the following information in your sample financial report:

• in column 3 - turnover on accounts from 01/01/2019 to 12/31/2019 inclusive;
• in column 4 - data from column 3 of form No. 2 for 2021.

The “Explanations” column is intended to indicate the number of the organization’s explanation to the balance sheet (Form No. 1) and the financial results statement (Form 2).

Step 3. Comparison of indicators

Be sure to compare the data of the current reporting period with the data of the same period for the previous year. This means that all numbers in the document must be formed according to the same rules. If incomparability of data is detected, this is due to the fact that:

• the accounting policy of the organization has changed;
• During the reporting period, serious errors from previous years were identified.

In this case, it is recommended to adjust last year's data so that it matches existing conditions. No amendments should be made to prior year financial statements.

In the previous form No. 2, not a single line was numbered. The encoding of the lines must be clarified in the order of the Ministry of Finance of Russia dated July 2, 2010 No. 66n (Appendix No. 4). For example, line 2410 of the income statement should reflect the organization's current income taxes. If you do not use the recommendations of officials, there is a danger that regulatory authorities will raise questions.

Special rules for certain legal entities

Small businesses fill out a special balance sheet form and Form No. 2. They must show aggregated indicators, which include several lines from the standard form. In this case, enter the code according to the largest of the indicators included in the line. All financial statements for 2021 contain such codes.

Step 4. Allocation of income and expenses by type of activity

In lines 2110-2200 of Form No. 2 indicate the income received and expenses for the year for standard types of activities. To fill out these lines, use the indicators of account 90 “Sales”. It is important to remember that the revenue received by the organization on line 2110 is reflected in its pure form, without excise taxes and VAT. Its amount is calculated taking into account all the bonuses and discounts that the organization provided to its clients. This means that if the buyer received a discount under the contract, then the revenue indicator on line 2110 is reflected minus the amount of this discount.

Page 2120 of the report contains data on the organization’s expenses for standard activities - as shown in the example of a financial report of an enterprise in the illustration. These are the expenses that form the cost of goods or services. The profit received from standard activities is reflected on page 2100 of the report.

For reference: this is the difference between the indicators of line 2110 (revenue) and line 2120 (cost).

Page 2210 is intended to reflect the amount of expenses associated with the sale of goods, works or services, otherwise they are called commercial. And page 2220 is for administrative expenses.

It is important to follow the guidelines in the chart of accounts instructions to correctly determine the type of expenses. It shows how to fill out the income statement on the balance sheet. Business expenses include advertising costs. And do not forget to check the accounting procedure provided for by the accounting policy of the legal entity.

How to post other income and expenses and profit

Lines 2310-2350 are intended to reflect other income and expenses in Form No. 2. They are filled out based on data from account 91 “Other income and expenses.” For example, if an organization received dividends in the reporting year, then they are reflected on line 2310. The amount of profit before tax is calculated based on data from lines 2110-2350, and the amount received is reflected on line 2300.

To do this, sum up the indicators on lines 2200, 2310, 2320 and 2340 and subtract the sum of fields 2330 and 2350 from the resulting number. If this is a profit, then the amount is positive, and if it is a loss, it is negative. Then it should be indicated in parentheses.

The form contains separate fields for income and expenses from standard activities. Among other income minus expenses, an organization has the right to indicate only those incomes whose size does not exceed the level of materiality. Thus, an indicator is considered significant if without it it is impossible to reliably determine the financial position of a legal entity. Organizations have the right to independently determine materiality criteria. They are prescribed in accounting policies for accounting purposes.

For example, cost of sales on the income statement is shown on line 2120 in parentheses. It affects the gross profit (loss) of the organization, which is indicated on page 2100:

indicator 2100 = indicator 2110 – indicator 2120.

If the result is positive, this is gross profit in the income statement on Form 2, and if the result is negative, it is a loss. In the latter version, the number is indicated in parentheses.

Traditionally, information on income constituting at least 5% of a legal entity’s total income is reflected separately. All costs associated with them should be indicated separately. For a detailed decoding of information from the report, you must use a special application - a separate form for explanations of the balance sheet and form No. 2. In the “Explanations” column of form No. 2 itself, indicate a link to the serial number of the text explanation or table in this application.

Step 5. Reflection of corporate income tax

Calculations for corporate income tax should be reflected on pages 2410-2400. In particular, page 2410 contains the difference between the total turnover in the debit and credit of account 68 subaccount “Calculations for current income tax” in correspondence with the following accounts:

• 09 “Deferred tax assets”;
• 77 “Deferred tax liabilities”;
• 99 subaccount “Conditional income tax expense (income)”;
• 99 subaccount “Permanent tax liabilities (assets)”.

This indicator is always reflected in parentheses. The difference between the total turnover in the debit and credit of account 99 subaccount “Fixed tax liabilities (assets)” in correspondence with account 68 subaccount “Calculations for current income tax” should be reflected on page 2421 of form No. 2.

Line 2460 of the financial results report, the decoding of which is required by inspectors from the Federal Tax Service, reflects information about all other indicators not mentioned in the document that affect the amount of net profit. It matters whether the organization, according to its accounting policies, applies PBU 18/02 or not. It is usually calculated using the following formula:

Line 2460 = (debit turnover on balance sheet account 99 “Profits and losses” in the part of taxes that is paid when applying tax special regimes, penalties and fines, additional payments for income tax, written off deferred tax assets) - (credit turnover on balance sheet account 99 “Profits and Losses” in terms of overpayment of income tax or write-off of deferred tax liabilities).

Step 6. Sign Form 2

By virtue of Article 13 of the Federal Law “On Accounting”, annual reports are recognized as prepared only after they are signed by the manager. Instead of the manager, any other authorized employee has the right to sign the document. But he must have a power of attorney, even if he is the chief accountant of the organization. And the signatures on different copies should not be different.

The law talks about paper form No. 2. If an organization sends a report on financial results to the tax authorities electronically, then it does not have the obligation to duplicate the report in paper format.

Legal documents

• By Order of the Ministry of Finance of Russia dated April 19, 2020 No. 61n
• PBU 4/99 “Accounting statements of an organization”
• Information of the Ministry of Finance of Russia No. PZ-10/2012
• Federal Law of December 6, 2011 No. 402-FZ “On Accounting”

How to fill out the Report if you combine simplified tax system and UTII

If the types of activities of your organization fall under different tax regimes, you need to keep separate records of property, liabilities and business transactions (clause 7 of Article 346.26 of the Tax Code of the Russian Federation). That is, accounting must be organized in such a way that it is clear which operations take place within the framework of activities under UTII and which under the simplified tax system. Typically, such accounting is organized using subaccounts, and its specific nuances are established by accounting policies.

Despite the difference in the types of activities of a company that combines the simplified tax system with “imputation”, the financial statements (balance sheet and form No. 2) are one for the entire organization. Moreover, each line of the Report can be deciphered by type of activity. True, a clear obligation to do exactly this is not established anywhere. But this method of reporting is convenient for users, since it provides visual information about which type of activity brought profit or loss. The only common thing with this design is the final line - “Net profit/loss”.

>The procedure for filling out the financial results report in a simplified form. Example

Bursulaya T.D., leading auditor of RIGHT WAYS LLC

The procedure for filling out a statement of financial results in a simplified form

The income statement for small firms consists of seven lines.

Data must be reflected for the reporting year and the previous year.

Expenses and losses are shown in brackets.

Revenue, as always, must be reflected net of VAT and excise taxes, and expenses for ordinary activities include cost of sales, selling and administrative expenses.

Line codes are indicated in a self-added column for the indicator that has the largest share in the aggregated indicator (clause 5 of Order No. 66n). The codes are taken from Appendix No. 4 to Order No. 66n.

Let's list what is included in the consolidated items of the simplified statement of financial results.

So, the first indicator in a simplified report is the same as in a document drawn up in a general form. This is revenue.

Next comes the line “Expenses for ordinary activities.” It contains a total reflection of three indicators: cost of sales, commercial and administrative expenses.

The next three lines are also taken from the general form report. These are “Interest payable”, “Other income”, “Other expenses”.

The penultimate indicator “Taxes on profit (income)” is to reflect the results of taxation. In particular, the tax paid under the simplified tax system is indicated here.

And the last indicator is net profit (loss).

The line of the same name is also in the general form report.

To calculate the final value, you need to sum all the previous lines.

Completing the “Income Statement” 2021

The FRF is formed on the basis of data from the previous reporting period. When filling out the report, the accountant relies on the information from the general balance sheet (TBS) and the turnover of productive accounts 90, 91, 99. When entering data into the FFR, the following recommendations are adhered to:

• income and expenses are indicated in detail;
• the subtracted or negative exponent must be enclosed in parentheses.

The deadline for submitting the FPR for 2021 has not changed - the company must submit the report in the financial reporting structure no later than March 31, 2021. We present a table that shows the line codes of the updated edition of the OFR, as well as recommendations for the formation of values ​​in each line and formulas for calculating the values ​​in them:

Next comes the background information: pages 2510 and 2520 reflect the results of relevant activities (for example, revaluation of property on page 2510) that do not participate in the formation of the company’s profit. On page 2530, starting with reporting for 2021, if there are such transactions, the amount of tax on them will be indicated. Line 2500 reflects the amount of profit taking into account the results of these operations. Information on earnings per share (pages 2900 and 2910) is relevant exclusively for joint stock companies.