Accounting and Reporting

Annual Report 2013
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# Accounting and Reporting

In compliance with federal law No. 82-FZ dated 17.05.2007, “On Bank for Development”, Vnesheconombank organizes its accounting procedure in accordance with the accounting and reporting rules established for russian banks, with due regard for certain accounting specifics provided for Vnesheconombank by the cbr.

Over 2013, the Bank engaged in accounting procedure in line with the accounting rules to apply to banks on the territory of the russian federation, as approved by the cbr directive No. 385-p dated 16.07.2012.

In accordance with the Tax Code of the Russian Federation, Vnesheconombank pays taxes on the territory of Russia and it is registered with interregional tax inspectorate for major taxpayers No. 9 of the Federal Tax Service (St. Petersburg).

In compliance with Memorandum on Financial Policies of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and with a view to complying with the requirements set by the global financial community, Vnesheconombank prepares and submits to the Russian Government and external users its annual financial statements prepared in conformity with International Financial Reporting Standards.

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