4 Chapter. Värderingsregler

What are fixed assets and inventories
 
1 § The asset understood asset that is intended to be permanently used or possessed in the business. With current assets of course another asset.
If the company is run by an individual or an estate, , animals in farming or herding is considered a current asset regardless of the intent of holding. Create (1999:1112).

 
§ 2 Expenditure on research- and development and similar projects that are of significant value to the business in future years may be listed as intangible fixed assets. The same applies to expenditure on concessions, patent, licenses, brands, tenancy rights and similar rights and assets, and compensation for the acquisition of motion than the retained value of the assets acquired and liabilities assumed (goodwill).
Expenses for business formation, increase the share capital or the equivalent or the company's management may not be recognized as assets. Create (1999:1112).
Acquisition of fixed assets
 
§ 3 Fixed assets must be revalued at amounts equivalent to spending on asset acquisition or manufacturing (cost), subject of 4-6 §, 12 §, 13 a §, 14 a §, 14 e § or 14 f §.
The cost of an acquired asset should be included, in addition to purchase price, expenses directly attributable to the acquisition.
The cost of a manufactured access should be included, in addition to those costs directly attributable to the production of the asset, A reasonable proportion of manufacturing overheads.
Interest on capital borrowed to finance the production of an asset may be included in the cost to the extent that it relates to the production period. If interest is already included in the cost, must disclose that fact and the amount has been included given in the notes.
Cost of value-enhancing improvements of an asset may be included in the cost, if they have closed down in the fiscal year, or balance from previous years. Create (2004:1173).
Depreciation of fixed assets
 
§ 4 Fixed assets with finite useful lives be amortized systematically over this period.
The useful life of an intangible asset referred to in 2 § shall be deemed to amount to more than five years, unless a different time, with reasonable certainty can be established. If such a longer period of depreciation applied, it should be in a note submitted disclose that fact. The note, in this case also, the reason for the longer amortization period.
Depreciation is recognized in profit. Other accounts may be applied, if there are special circumstances and is consistent with 2 Chapter. 2 and 3 §§. Create (2004:1173).
Impairment of fixed assets
 
5 § Has a fixed asset on the balance sheet date, a lower value than the value resulting from 3 § and 4 § first paragraph, access shall be written down to this lower value, if it can be assumed that the impairment is permanent.
A financial asset may be impaired at the lower value of the asset has on the balance sheet date even if it can not be assumed that the impairment is permanent.
An impairment loss in the first or second paragraph shall be returned, if there are no longer grounds for the.
Impairment losses and reversals in the first to third paragraphs shall be reported in.
Revaluation of fixed assets
 
§ 6 A limited company or an economic union assets that have a reliable and lasting value that substantially exceeds the book value of 3 §, 4 § first paragraph, 5 § first to third paragraphs and 12 § can be printed up to this value. Revaluation may be made only if the revaluation amount is used for transfer to a revaluation reserve or, in limited liability companies, to increase share capital through a bonus issue or rights issue.
In connection with the write-ups must be in a note provided information about how the revaluation amount is treated for tax.
Depreciation and impairment of the asset has been revalued after the revaluation is calculated based on the revalued amount. Create (2004:1173).

 
7 § A limited company may take the revaluation reserve of time for
1. increase share capital through a bonus issue or rights issue,
2. covering of loss according to the adopted balance sheet when the loss can not be covered by unrestricted equity.
A decision to include the revaluation reserve in order to cover a loss under the first paragraph 2 may be taken only after the auditors' hearing. Before three years have elapsed from the decision takes dividends imposed only if the Companies Registration Office or, in case of dispute, general court gives permission to do so or if the share capital has been increased by at least an amount equal to the loss that has been covered with the revaluation amount. In the case of Companies Registration Office or the court's permission for 20 Chapter. 25-29 § § Companies (2005:551) mutatis mutandis. Create (2005:918).

 
8 § The depreciation of the 4 § or impairment in accordance 5 § or the sale or disposal of the asset revaluation reserve shall be reduced accordingly, limit of the portion of the revaluation reserve corresponding to the availability.
The decrease in the revaluation reserve in the case referred to in the first paragraph may be made only by
1. Fund, as explained 7 §,
2. the part of the revaluation reserve equal to depreciation or impairment is transferred to unrestricted equity, or
3. the part of the revaluation reserve equal to a divested asset is transferred to unrestricted equity.
Valuation of stocks
 
§ 9 Current assets to, subject of 10 §, 12 §, 13 a §, 14 a §, 14 e § or 14 f §, admitted to the lower of cost and net realizable value at balance sheet date.
The cost of course, subject of 11 §, costs of asset acquisition or manufacturing. In determining the cost applicable 3 § second to fourth paragraphs.
The net selling price means the sale value less estimated selling expenses. If there are special reasons, get replacement value, where appropriate allowances for obsolescence, or any other value that is consistent with 2 Chapter. 2 and 3 § § used instead of the net realizable value.
The replacement value means the amount equal to the cost of acquisition that would have been, if the asset acquired at the reporting date.
If the company is run by an individual or an estate, , animals in farming or herding are valued at the value established by the Tax. Create (2004:1173).
Valuation of work in progress
 
§ 10 Work on behalf of another person to be valued at amounts exceeding the cost, if there are special reasons, and there is compliance with 2 Chapter. 2 and 3 §§.
Inventory cost
 
11 § The cost of inventories of similar assets may be calculated using first-in first-out principle, weighted average prices or any other similar principle. The last-in first-out principle may not apply.
If the value obtained following such a calculation to differ materially from the inventory net realizable value at balance sheet date, the larger companies enter the difference is in the notes on the distribution of the items included in the balance. Net realizable value is then calculated according to 9 § third paragraph, first sentence. Create (2006:871).
Accounting for fixed quantity and fixed value
 
§ 12 Property, plant and equipment, raw materials and supplies that are replaced and the overall value is of secondary importance for the company, may be raised to a fixed amount and a fixed value, their quantity, value and composition does not vary significantly. Create (1999:1112).
Translation of assets and liabilities
 
§ 13 Claims and liabilities in currencies other than the reporting currency must be converted into the reporting currency at exchange rates prevailing at balance sheet date, if it is in accordance with 2 Chapter. 2 and 3 §§. Create (2000:34).
Recognition by the equity method
 
§ 13 a company referred to in 3 kap. 4 a § second paragraph may account for investments in associated companies in the balance sheet and income statement under the provisions of 7 kap. 25-29 §§, if it is consistent with 2 kChapter 2 and 3 §§ Create (2004:1173).
Treasury Shares
 
§ 14 Treasury stock may not account for them.
In the valuation of a parent's interest in a subsidiary should be shares owned subsidiary of the parent is not considered to have any value. Create (2001:934).
Valuation of financial instruments
 
14 a § Derivatives and other financial instruments may be included at fair value, subject of 14 b §.
The fair value is determined on the basis of the instrument's market value. If no market value can be determined for an instrument but for its components or for a similar instrument, the fair value determined on the basis of the constituents or similar instrument's market value. If that does not require such an assessment is possible, the fair value determined by such generally accepted valuation models and techniques that provide a reasonable estimate of market value.
Valuation under the first paragraph may be made only when all of its financial instruments, except those for which 14 b § not at fair value, valued in the same way. Create (2003:774).

 
14 b § The following financial instruments may not be valued in accordance 14 a §:
1. financial instruments held to maturity and which are not derivative,
2. loans and other receivables originated by the company and not held for trading,
3. interests in subsidiaries, associates or joint ventures,
4. equity instruments of the company itself has released,
5. contracts for contingent consideration in connection with acquisitions and mergers,
6. liabilities, with the exception of liabilities included as part of a trading portfolio or represent derivatives, still
7. other financial instruments, which is of such special characteristics that they, as is generally accepted should be accounted for differently. Evaluation of 14 a § must not be pursued, if such a valuation would not provide a reliable value of the financial instrument.
Companies referred to in 3 Chapter. 4 a § second paragraph, although the first paragraph where the value specified financial instruments as 14 a §, to
1. it is compatible with international accounting standards referred to in the European Parliament and Council Regulation (EG) No 1606/2002 of the 19 July 2002 Application of International redovisningsstandarder5, and
2. information on the valuation made in accordance with these standards. Create (2009:34).

 
14 c § For the purposes of 14 a and 14 b § § shall contract for crude- and commodities and gives either party the right to regulate the contract with cash or another financial instrument is considered to be derivative. This does not apply if the contract
1. was entered into to cover the company's expected needs of the purchasing, sale or own consumption of raw- and commodities,
2. even after the agreement has met this need,
3. designated for such purpose when it was concluded, and
4. expected to be settled by delivery of the goods. Create (2003:774).

 
14 d § If the measurement is done according to 14 a §, the change in value since the previous reporting date is recognized in the income.
In the following case: change in value is recognized in a fair value rather than in profit:
1. change in value relates to a hedging instrument and the principles applied for hedge accounting allows a portion or all of the change in value not reported, or
2. change in value relates to an exchange difference arising on a monetary item that forms part of the company's net investment in foreign operations.
A change in value of financial assets not held for trading purposes and is not a derivative instrument may be entered in the fair value rather than in profit.
When there is no reason to report an amount in the fair value, Fund shall be adjusted. Create (2004:1173).
The valuation of hedged items
 
14 e § If an asset, provision or liability or a part thereof has been secured against a financial instrument is valued according to 14 a §, shall also be the hedged item is carried under that section, if they applied the principles of hedge accounting permits. Thereby the 14 d § apply. Create (2003:774).
Valuation of certain assets at fair value
 
14 f § Companies referred to in 3 kap. 4 a § second paragraph may include biological assets, investment property and other tangible assets and intangible assets to fair value, if it is consistent with 2 kap. 2 and 3 §§. The fair value is determinChapteron the basis of the asset's market value.
Valuation under the first paragraph may be made only when all of its assets in the same category are in the same way. Create (2004:1173).

 
14 g § If a biological asset or an investment property measured at fair value in accordance 14 f §, the change in value since the previous reporting date is recognized in the income.
If any other asset referred to in 14 f § valued in accordance with that section, the change in value since the previous reporting date is recognized in the fair value. An increase in value should instead be recognized in profit, if it represents a reversal of previously expensed depreciation of the asset. An impairment loss is recognized in profit, if it exceeds what was previously reported as an increase in value of the asset in the fair value.
When there is no reason to report an amount in the fair value, Fund shall be adjusted. Create (2004:1173).
Accrual of certain figures in the raising of loans
 
§ 15 Capital discount and direct issue costs for the admission of the loan will be amortized, However, most of the time until the debt falls due. Such accruals are not required if it is irrelevant to the requirement in 2 Chapter. 3 § the true image.
Conversion of subordinated debentures
 
§ 16 If a cooperative has publishing operations in currencies other than the reporting currency, shall be converted at exchange rates prevailing at balance sheet date. The difference between the amount converted and the corresponding figure on the financial input, shall be against the Profit or Loss. Create (2000:34).

 
§ 16 was repealed by Act (1999:1112).

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