Measure
of the Ministry of Finance of the Slovak Republic
of 12 December 2006 no. MF/25814/2006-74,

amending the Measure of the Ministry of Finance of the Slovak Republic of 16 December 2002 no. 23054/2002-92  establishing  the details concerning accounting procedures and the framework chart of accounts for entrepreneurs keeping double-entry accounting as amended by later regulations and amending the Measure of the Ministry of Finance of the Slovak Republic of November 11 2003 no. 21378/2003-92 establishing the accounting procedure at a transition from single-entry accounting to double-entry accounting and the accounting procedure at a transition from double-entry accounting to single-entry accounting for entrepreneurs and accounting units performing other self-employment activity if they document their expenditures spent for the achievement, provision and maintaining of incomes for the purposes of determination of income tax base 

	The Ministry of Finance of the Slovak Republic, pursuant to Section 4 Par. 2 of Act no. 431/2002 Coll., on Accounting, as amended by Act no. 561/2004 Coll., hereby stipulates the following:

Article I

	The Measure of the Ministry of Finance of the Slovak Republic of 16 December 2002 no. 23054/2002-92 establishing the details concerning accounting procedures and the framework chart of accounts for entrepreneurs keeping double-entry accounting (Notice no. 740/2002 Coll.) as amended by the Measure of 11 December 2003 no. 25167/2003-92 (Notice no. 560/2003 Coll.), the Measure of 24 November 2004 no. MF/10069/2004-74 (Notice no. 689/2004 Coll.) and the Measure of 14 December 2005 no. MF/26670/2005-74 (Notice no. 616/2005 Coll.) is hereby amended as follows: 

1.	At the end of Section 4, Subsection  1, the new letter l) is inserted after letter k), reading as follows:
l) classification according to the particular types of provisions and adjusting entries,

	The existing letter l) shall be designated as letter m).

2.	At the end of Section 11, Subsection  3, a new sentence shall be added at the end to read as follows:
”A surplus of purchased inventories if incorrect recording according to Subsection 2 is not proved, shall be recorded to the credit of account 648 – Other operating revenues.“.

3.	At the end of Section 14, Subsection 11 the final sentence shall be deleted.

4.	Sec. 18 including heading shall read as follows:
“Section 18
Principles of Creation and Accounting of Adjusting Items
(1) An adjusting entry shall be created on the basis of the prudent principle, where it is justified to assume that an impairment of assets occurred in comparison to their book value. The assumption of the impairment of assets is justified where a fact, which creates a reason for an assessment of the decrease of future economic benefits from these assets. An adjusting entry shall be recorded in the amount of the justified assumption of the impairment of assets in comparison to their book value.  
(2) For securities and ownership interests, a change in fair value of which is recorded in account 414 – Differences from Revaluation of Assets and Liabilities, excluding the securities and ownership interests according to Section 14 Subsection. 12, the creation and accounting for the adjusting entry shall be recorded as follows:
a)	the amount creating a positive difference between the value according to Section 25 Subsection  1 of the Act and the fair value of these assets shall be recorded to the debit  of account 565 – Creation and accounting of adjusting entries to financial assets with corresponding entry to the credit of account 096 – Adjusting entry to long-term financial assets or account 291 – Adjusting entry to short-term financial assets where a change in fair value is recorded to the credit of account 414 – Differences from revaluation of assets and liabilities, shall be recorded inversely than its creation,
b)	the amount creating a positive difference between fair value of these assets and value according  to Section 25 Subsection 1 of Act and the adjusting entry added to these assets shall be
1.	recorded to the debit of account 096 – Adjusting entries to long-term financial assets or to the debit of account 291 – Adjusting entries to short-term financial assets with corresponding entry to the credit of account 565 – Creation and accounting of adjusting entries to financial assets in the amount of adjusting entry added,
2.	recorded to the debit of account 063 – Realizable securities and ownership interests or account 257 – Other realizable securities with corresponding entry to the credit of account 414 – Differences from revaluation of assets and liabilities in the amount of the difference 
(3) Adjusting entry to long-term financial assets, the value of which is valuated by means of the equity method shall be recorded where the assumed future economic benefits from these assets are lower than the value of these assets valuated by means of the equity method. Adjusting entry shall be recorded appropriately by the procedure according to paragraph 2, while considering value of assets valuated by means of equity methods and value of assets decreased by assumed lower economic benefits.  
 (4) Adjusting entry related to long-term assets depreciated whose value in use is reduced by wear is created if assumed future economic benefits from these assets are lower than their book value while the book value means for these purposes the value considering accumulated depreciation and the adjusting entry already added. The adjusting entry related to non-depreciated long-term assets is created if assumed future benefits from these assets are lower than their book value. Book value of non-depreciated long-term assets means value after considering the adjusting entry already added. If the assumed sales price of long-term assets after reduced by costs of sale is higher than the assumed value of further use of these assets by accounting unit, the assumed sales price reduced by costs of sale is considered at creation of the adjusting entry..
(5) Adjusting entry related to inventories shall be created where it is justified to assume that future economic benefits from these inventories are lower than their book value. Adjusting entry is created according to Section 23 Subsection 1. 
(6) Adjusting entry to financial assets is created where assumed future economic benefits from these assets are lower than their book value while book value for these purposes means value considering the adjusting value added.  

(7) Adjusting entry to receivable shall be created especially for the receivable at which it is justified to assume that the debtor shall fail fully or partly to refund it and in the case of controversial claims disputed by the debtor as for its recognition.
(8) Adjusting entry to long-term receivable and long-term financial assets such as loans, if the residual payment deadline is longer than one year, the value of  the receivable shall be adjusted to its actual value, for example by the method of effective interest rate.
(9)  As to the balance sheet date, the reasons of recording of creation of adjusting entry and duration of reasons of existence and the amount of still created adjusting entry to assets is considered.  A need of accounting of corrective balance sheet accounting cases according to Section 2a Subs.   1 Letter b),  e.g. in the case of a bankruptcy or a restructuralization announcement of any of customers which took place following the date to which the balance sheet is made, which usually confirms that the impairment of receivables from business relation has still exist as to the balance sheet date.
(10) Adjusting entry does not have an active balance. 	 
(11)  Creation of an adjusting entry to long-term intangible assets and to long-term tangible assets, to acquired long-term intangible assets and long-term tangible assets and to advance payments provided for long-term intangible assets and long-term tangible assets shall be recorded to the debit of account  553 –  Creation and accounting of adjusting entries to long-term assets with corresponding entry to the credit of materially related balance sheet account of adjusting entries in account group 09 – Adjusting entries to long-term assets. Creation of adjusting entry to inventories, with the exception of internally produced inventories is recorded to the debit of account 505 – Creation of adjusting entry to inventories with the corresponding entry to the credit of materially related balance sheet account of adjusting entries to inventories in account group 19 – Adjusting entries to inventories.  Creation of adjusting entry to internally produced inventories is recorded to the debit of materially related account of account group 61 – Changes in internal inventories with the corresponding entry to the credit of materially related balance sheet account of adjusting entries in account group 19 – Adjusting entries to inventories.  Creation of adjusting entry to long-term financial assets, to short-term financial assets, to acquired financial assets and to advance payments provided to financial assets is recorded to the debit of account 565 – Creation and accounting of adjusting entry to financial assets with corresponding entry to the credit of materially related balance sheet account of adjusting entries to financial assets in account group 09 – Adjusting entries to long-term assets or 29 – Adjusting entries to short-term financial assets in the case of short-term financial assets.   Creation of adjusting entry to receivable is recorded to the debit of account 547 – Creation and accounting of adjusting entry to receivable with corresponding entry to the credit of account 391 – Adjusting entries to receivables.

(12)  Accounting of adjusting entry is recorded due to a disposal of assets from accounting or due to full or partial ending or justified assumption of duration of impairment of assets value.  Accounting of adjusting entry due to disposal of assets from accounting, for example at sales, liquidation, donation, damage, consumption and collection of receivable is recorded before the disposal of assets from accounting.

(13)  Accounting of adjusting entry due to disposal of assets from accounting is recorded to the debit of materially related balance sheet of adjusting entries with the corresponding entry to the credit of the relevant account of assets and in the case of long-term depreciated assets, in the credit of materially relevant account of accumulated depreciation to long-term assets.  

(14)  Accounting of adjusting entry due to full or partial ending of justified assumption of duration of impairment of assets is recorded to the debit of materially related balance sheet account of adjusting entry with the corresponding entry to the credit of account 
a)	553  –  Creation and accounting of adjusting entries to long-term assets,
b)	505 - Creation and accounting of adjusting entries to inventories
c)	61 – Changes in internal inventory,
d)	565 – Creation and accounting of adjusting entries to financial assets,
e)	547 - Creation and accounting of adjusting entries to receivables.
(15) If liability stocktaking discovers that the sum of liabilities is different from the recognized sum then adjusting entries shall not be created but the increase or decrease in total liabilities shall be recognized directly in the relevant liability account with the corresponding entry to the debit of relevant expense account or to the credit of the relevant revenue account, for example if the liability is not refunded or refunding in time and the contract stipulates the duty to pay delay interest or penalty. 

	The footnote relating to reference 16 shall read as follows:

“16) Act No. 7/2005 Coll. on Bankruptcy and Restructuralization and on the amendment of some Acts, as amended.”.

5.	In Section 19, Subsection 3 shall be deleted.

The current Subsections 4 through 9 shall be renumbered to Subsections 3 through 8.

6.	In Section 19, Subsection 8 reads as follows:
„(8)  Creation of provision for expenses is recorded to materially relevant expense account to which the liability belongs. If there is a provision related to several types of expenses or there is no expense account established for this expense type, the provision shall be created to the debit of account 548 – Other operating expenses or account 568 – Other financial expenses.  The use of provision is recorded to the debit of materially related provision account with a corresponding entry to the credit of materially related account of liabilities.  Cancellation of unnecessary provision or a part of it is recorded by a reversal accounting entry than the creation of the provision.   For provision a principle of correct calculation of final balance of balance sheet account of provisions and final balances of related expenses is applied.“.

7.	In Section 20 (4) letter e) shall be added and it shall read as follows:
”e)  various period of time and various courses of wear of particular separable component parts of long-term assets according to the needs of the accounting unit.“.

8.	In Section 21, Subsection  2 the words ”to relevant account of accumulated amortization“ shall be replaced by the words “to account 384 – Deferred income and this shall be dissolved pursuant to Section 56 Subsect. 12“ and the words “413 – Other capital funds“ shall be replaced by the words “648 – Other operating revenues“.

9.	In section 21, Subsection 6 shall read as follows:
“(6) Impairment of long-term intangible assets and long-term tangible assets is recognized on the balance sheet date pursuant to Section 18 on accounts of account group 09 – Adjusting entries to long-term assets.  The value of long-term financial assets such as loans, if non-interest-bearing or with lower interest rate than the current interest rate, shall be adjusted by adjusting entry to its current value. “.

10.	In Section 23, Subsection  1 the final sentence shall be deleted.

11.	In the introductory sentence of Section 36 (4) after the words "fully amortized" the following words are inserted "after an accounting of adjusting items".

12.	In Section 36, Subsection 5 shall read as follows:
“(5) At the sale of long-term financial assets the disposal of assets from accounting is recorded to the debit of account 561 – Securities and ownership interests sold with corresponding entry to the credit of relevant account of account group 06 – Long-term financial assets. Before assets disposal the created adjusting entry shall be settled pursuant to Section 18 Subsection 13.“.

13.	In section 44, Subsection 12 shall read as follows:
“(12) On accounts of group 19 – Adjusting entries to inventories, the creation and accounting of adjusting entries to inventory is recorded. Creation of adjusting entry to inventory is recorded to the credit of materially relevant account of account group 19 – Adjusting entries to inventory with corresponding entry to the debit of account 505 – Creation and accounting of adjusting entries to inventories. For internally produced inventories the creation of adjusting entry to inventory is recorded with a corresponding entry to the debit of materially relevant account of account group 61 – Changes in internal inventory.“.

14.	 Subsection 13 shall be added to Section 44 and it shall read as follows:
”(13) Accounting of adjusting entry due to disposal of inventory from accounting is recorded to the debit of materially relevant balance sheet account of adjusting entries with the corresponding entry to the credit of materially relevant account of inventory. Accounting of adjusting entry due to full or partial ending of justified assumption of duration of impairment of inventory is recorded in the defunct amount to the debit of materially relevant balance sheet account of adjusting entries with the corresponding entry to the credit of account 505 – Creation and accounting of adjusting entries to inventory. Accounting of adjusting entry is recorded in internally produced inventory with the corresponding entry to the credit of materially relevant account of account group 61 – Changes in internal inventory.“.

15.	A new Subsection 8 shall be inserted behind Subsection 7 in Section 52,  which shall read as follows:
” (8) A difference between proportionally deducted value added tax30f) in particular tax periods and proportionally deducted value added tax 30g) calculated after the ending of an accounting period30h), is recorded according to its nature to the credit of account or to the debit of account 343 – Value added tax with the corresponding entry to the debit of account 548 – Other operating expenses or to the credit of account 648 – Other operating revenues.“.

The existing Subsections 8 through 13 shall be renumbered to Subsections 9 through 14.

The footnotes to references 30f through 30h shall read as follows:
“30f) Section 50 Subsection 1 through 3 of the Act No. 222/2004 Coll.
30g) Section 50 Subsection 4 of Act . 222/2004 Coll., as amended by Act No. 523/2005 Coll.
30h) Section 50 Subsection 5 of Act No. 222/2004 Coll.".

16.	In Section 52, Subsection  14, a new sentence shall be added at the end to read as follows:
”Claim for subsidies, support or contribution is recorded if it is almost sure that it shall be provided to the accounting entity on the basis of conditions met for subsidy, support or contribution.“.

17.	In section 57, Subsection 1 shall read as follows:
”(1)  On account 391 – Adjusting entries to receivables the creation and accounting of adjusting entry to receivables is recorded.  Creation of adjusting entry is recorded to the debit of account 547 – Creation and accounting of adjusting entries to receivables with a corresponding entry to the credit of account 391 – Adjusting entries to receivables. Accounting of adjusting entries to receivables due to disposal of receivables from accounting is recorded to the debit of account 391 – Adjusting entries to receivables with corresponding entry to the credit of materially relevant account of receivables.    Accounting of adjusting entry due to full or partial ending of justified assumption of impairment of assets duration is recorded to the debit of account 391 – Adjusting entries to receivables with corresponding entry to the credit of account 547 – Creation and accounting of adjusting entries to receivables in the defunct amount.“.

18.	 Section 64 shall be supplemented by Subsection 4, which shall read as follows:
”(4) A creation of adjusting entry to inventory, excluding the internally produced inventory is recorded to the debit of account 505 – Creation and accounting of adjusting entries to inventory.   The adjusting entry to inventory is recorded to the credit of account 505 – Creation and accounting of adjusting entries to inventory due to full or partial ending of justification of an assumption of duration of inventory impairment in the amount defunct.“.

19.	In Section 66, a new sentence shall be added at the end to read as follows:
”Redundancy payment and severance pay pursuant to a special regulation38a) shall be recorded to the debit of account 527 – Legal social expenses.“.

	The footnote relating to reference 38a shall read as follows:
“38a) The Labour Code, as amended.”.

20.	In Section 68, Subsection  1 the following words shall be added at the end of the first sentence:  “and adjusting entries”.

21.	In section 68, Subsections 5 and 6 shall read as follows:
“(5) Account 546 – Write-off of receivables, is debited in the event of permanent waiver of its enforcement.  On account 546 – Write-off of receivables also transferred operating receivables and write-off of receivables pursuant to a special regulation is recorded.16) Before a disposal of receivable from accounting, the adjusting entry created to receivable is settled to the debit of account 391 – Adjusting entries to inventory with the corresponding entry to the credit of materially relevant account of receivable.
(6) On account 547 – Creation and accounting of adjusting entries to receivables, the creation and accounting of adjusting entry to receivable pursuant to Section 18 is recorded.”.

22.	In Section 69  the heading shall read as follows:
“Account Group 55 – Depreciation and Adjusting Entries to Long-term assets”

23.	In Section 69, Subsections 1 through 3 shall read as follows:
“(1) Expenses related to operations that are not accounted for on accounts in groups 50 to 54 are accounted for in this account group.
(2) On the debit of account 551 – Amortization of Long-term intangible assets and depreciation of long-term tangible assets is recorded:
a)	Depreciation of long-term tangible assets and amortization of long-term intangible assets
b)	Book value of long-term intangible assets and long-term tangible assets at their disposal due to liquidation of these assets with the exclusion of liquidation due to damage, exclusion due to sales, donation or other similar reasons.

(3) The creation of adjusting entry to long-term intangible assets and to long-term tangible assets is recorded to the debit of account 553 – Creation and accounting of adjusting entries to long-term assets. To the debit of this account also a creation of adjusting entry to acquired long-term intangible assets, to acquired long-term tangible asset and to advance payments provided for long-term intangible assets and long-term tangible assets is recorded.  Accounting of adjusting entry due to full or partial ending of a justified assumption of impairment of long-term intangible assets, long-term tangible assets, acquired long-term intangible assets, acquired long-term tangible assets and advance payments provided for long-term intangible assets and long-term tangible assets is recorded in the amount defunct to the credit of account 553 – Creation and accounting of adjusting entries to long-term assets. “.

24.	In Section 69, Subsection 6 shall be deleted.

25.	In Section 70, a new Subsection 5 shall be inserted behind Subsection 4, and it shall read as follows:
”(5) Creation of adjusting entry to long-term financial assets and short-term financial assets, acquired financial assets and advance payments provided for financial assets is recorded to the debit of account 565 – Creation and accounting of adjusting entries to financial assets.  Accounting of adjusting entry due to full or partial ending of justified assumption of duration of impairment of  financial assets is recorded in the amount defunct to the credit of account  565 – Creation and accounting of adjusting entries to financial assets.“.

The existing Subsections 5 and 6 shall be renumbered as Subsections 6 and 7.

26.	Section 71 shall be deleted.

27.	In Section 72, Subsections 3 and 5 shall be deleted.

The current Subsection 4 shall be renumbered as Subsection 3.

28.	In Section 79, Subsections 1, 2 and 5 shall be deleted.

The existing Subsections 3 and 4 shall be renumbered to Subsections 1 and 2.

29.	In section 80, Subsection 5 shall read as follows:
“(5) Account 665 – Revenue from long-term financial assets is credited with, e.g. dividends, profit shares, interests from these assets accounted for in accounts of account group 06 – Long-term financial assets.”.

30.	Section 81 shall be deleted.

31.	In Section 82, Subsections 2 and 4 shall be deleted.
The existing Subsection 3 shall be renumbered as Subsection 2.

32.	Section 86d shall be inserted after Section 86e and it shall read as follows:

”Section 86e
This Measure shall be used for the first time at the drawing up of financial statements for the accounting period ending after January 1, 2007.
(2) The adjusting entries created at the drawing up of financial statements for the accounting period ending after January 1, 2007 shall be accounted pursuant to Section 18 in the wording effective after January 1, 2007.
(3) The provisions created at the drawing up of financial statements for the accounting period ending after January 1 2007 shall be used and dissolved pursuant to Section 19 Subs.  8, in the wording effective after January 1, 2007.
     
             33.   Annex No.1 shall read as follows
						“Annex No. 1 to Measure No. 23054/2002-92 as amended
FRAMEWORK CHART OF ACCOUNTS FOR ENTREPRENEURS
Account Class 0 – Long-term assets
01 – Long-term intangible assets
011 – Incorporation expenses
012 – Capitalized development costs
013 - Software
014 – Valuable rights
015 - Goodwill
019 – Other long-term intangible assets

02 – Long-term tangible assets - depreciated
021 - Structures
022 – Individual movable assets and sets of movable assets
025 – Perennial crops
026 – Livestock
029 – Other long-term tangible assets

03 – Long-term tangible assets – non-depreciated
031 - Land
032 – Works of art and collections

04 – Acquisition of long-term assets
041 – Acquisition of long-term intangible assets
042 - Acquisition of long-term tangible assets
043 – Acquisition of long-term financial assets

05 – Advance payments made for long-term assets
051 – Advance payments made for long-term intangible assets
052 – Advance payments made for long-term tangible assets
053 – Advance payments made for long-term financial assets

06 – Long-term financial assets
061 – Shares and ownership interests in subsidiaries 
062 – Shares and ownership interests with significant influence over enterprise
063 – Realizable securities and Ownership interests
065 – Debt securities held up to their maturity
066 – Loans to accounting entity within the consolidated unit
067 – Other loans
069 – Other long-term financial assets

07 – Accumulated amortization of long-term intangible assets
071 – Accumulated amortization to incorporation expenses
072 – Accumulated amortization to capitalized development expenses
073 – Accumulated amortization to software
074 – Accumulated amortization to valuable rights
075- Accumulated amortization to goodwill
079 – Accumulated amortization to other long-term intangible assets

08 – Accumulated depreciation of long-term tangible assets
081 – Accumulated depreciation to structures
082 – Accumulated depreciation to individual movable assets and sets of movable assets
085- Accumulated depreciation to perennial crops
086 – Accumulated depreciation to livestock
089 – Accumulated depreciation to other long-term tangible assets

09 – Adjusting entries to long-term assets
091 – Adjusting entry to long-term intangible assets
092 – Adjusting entry to long-term tangible assets
093 – Adjusting entry to long-term intangible assets not yet in use
094 – Adjusting entry to long-term tangible assets not yet in use
095 – Adjusting entry to advance payments made for long-term assets
096 – Adjusting entry to long-term financial assets
097 – Adjusting entry to acquired assets
098 – Accumulated depreciation of adjusting entry to acquired assets
Account Class 1 - Inventory
11 - Material
111 – Acquisition of material
112 – Material in stock
119 – Material in transit

12 - Internally produced inventory
121 – Work in progress
122 – Semi-finished products
123 – Finished goods
124 - Animals

13	- Merchandise
131 – Merchandise acquisition
132 – Merchandise in stock and retail stores
139 – Merchandise in transit

19 - Adjusting entries to inventory
191 – Adjusting entry to material
192 – Adjusting entry to work in progress
193 – Adjusting entry to semi-finished products
194 – Adjusting entry to finished goods
195 – Adjusting entry to animals
196 – Adjusting entry to merchandise
Account Class 2 – Financial Accounts
 21 - Cash
211 – Cash in hand
213 – Stamps and vouchers

22 - Bank accounts
221 – Bank accounts
 
23 - Current bank loans
231 – Short-term bank loans
232 – Loans for discounted securities

24 - Other short-term financial assistance
241 – Issued short-term bonds
249 – Other short-term financial assistance

25 – Short-term financial assets
251 – Shares and similar securities for trading
252 – Own shares and own ownership interests
253 – Debt securities for trading
255 – Own bonds
256 – Debt securities with maturity of up to one year held until their maturity
257 – Other realizable securities
259 – Acquisition of short-term financial assets

26 - Transfer between financial accounts
261 – Cash in transit

29 – Adjustments to short -term financial assets
291 – Adjusting entry to short- term financial assets

Account Class 3 – Accounting for receivables and liabilities
31 - Receivables
311 - Customers
312 – Bills of exchange to be collected
313 – Receivables from discounted securities
314 – Provided advance payments
315 – Other receivables

32 - Liabilities
321 - Suppliers
322 – Bills of exchange to be paid
323 – Short-term provisions
324 – Advance payments received
325 – Other liabilities
326 - Unbilled supplies

33 – Receivables and payables with employees and institutions of social and health insurance
331 - Employees
333 – Other liabilities to employees
335 – Receivables from employees
336 – Liabilities and receivables from social insurance and health insurance institutions

34 – Accounting for Taxes and Subsidies
341 – Income tax
342 – Other direct taxes
343 – Value added tax
345 – Other taxes and fees
346 – Subsidies from the State budget
347 – Other subsidies

35 – Receivables from partners and associations
351 – Receivables within a consolidated unit
353 – Receivables related to unpaid share capital
354 – Receivables from partners and members to cover losses
355 – Other receivables from partners and members
358 – Receivables from participants in association

36 – Liabilities towards partners and association
361 – Liabilities within a consolidated unit
364 – Liabilities towards partners and members at profit distribution
365 – Other liabilities to partners and members
366 – Liabilities to partners and members from income earned
367 – Liabilities from subscribed unpaid securities and deposits
368 – Liabilities to participants in an association

37 – Other receivables and liabilities
371 – Receivables from the sale of enterprise
372 – Liabilities from the purchase of an enterprise
373 – Receivables and liabilities from fixed term transactions
374 – Receivables from leasing
375 – Receivables from issued bonds
376 –Options purchased
377 – Options sold
378 – Other receivables
379 – Other liabilities

38 – Accruals and deferrals of expenses and revenues
381 – Prepaid expenses
382 – Complex prepaid expenses
383 – Accrued expenses
384 – Deferred revenues
385 – Accrued revenues

39 – Adjusting entry to receivables and liabilities and internal transactions
391 – Adjusting entry to receivables
395 – Internal accounting
398 – Transfer account at association

Account Class 4 – Capital accounts and long-term liabilities
41 – Share capital and capital funds
411 – Share capital
412 – Share premium
413 – Other capital funds
414 – Differences from revaluation of assets and liabilities
415 – Differences from investments
416 – Differences from re-valuation at merger, fusion, or division
417- Legal reserve fund from contributions
418 – Indivisible fund from capital contributions
419 – Changes in share capital

42 – Funds created from profit and transferred economic results
421 – Legal reserve fund
422 – Indivisible fund
423 – Statutory funds
427 – Other funds
428 – Retained earnings from previous year
429 – Accumulated losses from previous year

43 – Net profit or loss
431 – Profit or loss to be approved

45 – Provisions
451 – Legal provisions
459 – Other provisions

46 – Bank loans
461 – Bank loans

 47 – Long-term liabilities
471 – Long-term liabilities within a consolidated unit
472 – Liabilities related to social fund
473 – Issued bonds
474 – Liabilities under leasing contracts
475 – Long-term advance payments received
476 – Unbilled long-term supplies
478 – Long-term bills of exchange to be paid
479 – Other long-term liabilities

48 – Deferred tax liability and deferred tax receivable
481 – Deferred tax liability and deferred tax receivable

49 – Natural Person – Entrepreneur
491 – Equity of natural person – entrepreneur 

Account Class 5 – Expenses
50 – Consumed Purchases
501 – Consumed material
502 – Consumed energy
503 – Consumption of other non-inventory items
504 – Merchandise sold
505 - Creation and Accounting of Adjusting Entries

51 – Services
511 – Repairs and maintenance
512 – Travel expenses
513 – Representation expenses
518 – Other services

52 – Personnel costs
521 – Wages and salaries
522 – Employment remuneration of partners and cooperative members
523 – Remuneration of board members of company and cooperative
524 – Legal social insurance
525 – Other social insurance
526 – Natural person – entrepreneur social expenses
527 – Legal social expenses
528 – Other social expenses

53 – Taxes and Fees
531 - Road tax
532 – Real estate tax
538 – Other taxes and fees

54 – Other operating expenses
541 – Carrying value of long-term intangible and tangible assets sold
542 – Material sold
543 – Donations
544 – Contractual fines, penalties, and late payment interests
545 – Other fines, penalties, and late payment interests
546 – Write-off of receivables
547 – Creation and accounting of adjusting entries to receivables
548 – Other operating expenses
549 – Deficits and damages

55 – Depreciation,amortization and adjusting entries to long-term assets
551 – Amortization of long-term intangible assets and depreciation of long-term tangible assets
553 – Creation and accounting of adjusting entries to long-term assets
555 – Accounting for complex deferred expenses
557 – Accounting for accumulated depreciation of adjusting entry to acquired assets

56 – Financial expenses
561 – Securities and ownership interests sold
562 – Interests paid
563 – Exchange rate losses
564 – Cost of securities re-valuation
565 – Creation and accounting of adjusting entries to financial assets
566 – Costs of short-term financial assets
567 – Costs of derivative operations
568 – Other financial expenses
569 – Deficits and damages to financial assets

58 – Extraordinary expenses
582 – Damages
588 – Other extraordinary expenses

59 – Income tax and transfer accounts
591 – Income tax on ordinary income - due
592 – Income tax on ordinary income - deferred
593 – Income tax on extraordinary income - due
594 – Income tax on extraordinary income - deferred
595 – Supplementary income tax levies
596 – Transfer of profit or loss to partners
597 – Transfer of operating expenses
598 – Transfer of financial expenses
Account Class 6 – Revenues
60 – Revenues from own outputs and merchandise
601 – Revenues from own products
602 – Revenues from own services
604 – Revenues from merchandise

61 – Changes in internal inventory
611 – Change in inventory of work in progress 
612 – Change in inventory of semi products 
613 – Change in inventory of finished products 
614 – Change in animal inventory 

62 – Own work capitalized
621 – Capitalization of material and merchandise
622 – Capitalization of internal services
623 – Capitalization of long-term intangible assets
624 – Capitalization of long-term tangible assets

64 – Other operating revenues
641 – Revenues from the sale of long-term intangible and tangible assets
642 – Revenues from the sale of material
644 – Contractual fines, penalties, and late payment interests
645 – Other fines, penalties, and late payment interests
646 – Revenues from written-off receivables
648 – Other operating revenues

65 – Accounting for some entries to Operating Revenues
655 – Accounting for complex prepaid expenses
657 – Accounting for accumulated depreciation of provisions to acquired assets

66 – Financial Revenues
661 – Revenues from the sale of securities and ownership interests
662 – Interests received
663 – Exchange rate gains
664 – Revenues from securities re-valuation 
665 – Revenues from long-term financial assets 
666 – Revenues from short-term financial assets 
667 – Revenues from derivate operations 
668 – Other financial revenues

68 – Extraordinary revenues
682 – Indemnification
688 – Other extraordinary revenues

69 – Transfer Accounts
697 – Transfer of operating income
698 – Transfer of financial income

Account Class 7 – Closing Balance Sheet Accounts and Off-Balance Sheet Accounts
70 – Balance sheet accounts
701 – Opening balance sheet account
702 – Closing balance sheet account

71 – Profit and loss account
710 – Profit and loss account

75 to 79 – Off-Balance Sheet Accounts

Accounts Classes 8 and 9 – Internal Accounting

Article II

The Measure of the Ministry of Finance of the Slovak Republic of 11 November 2003 no. 21378/2003-92
establishing the accounting procedure at a transition from single-entry accounting to double-entry accounting and the accounting procedure at a transition from double-entry accounting to single-entry accounting for entrepreneurs and accounting units performing other self-employment activity if they document their expenditures spent for an achievement, provision and the maintaining of incomes for the purposes of a determination of income tax base (Notice No. 468/2003 Z. z.) shall be amended as follows:

1. In Section 3  Letter a) the words in the introductory sentence “681 –Revenues from a change of method“ shall be replaced by the words “648 – Other operating revenues“.

2. In Section 3 Letter b) the words in the introductory sentence “581 – Costs for a change of method“ shall be replaced by the words  “548- Other operating revenues“.

Article III

	This Measure shall come into force as of 1January 1 2007.

			
									Ján Počiatek in own hand
									Minister of Finance