Chapter IV
MANAGEMENT OF REVENUES, EXPENSES
Article 9. Revenue and Income
Revenue and income from securities companies, asset management companies shall include:
1. Revenues from business operation
a) Revenues from business operation of a securities company include:
- Revenue from securities brokerage and products of securities brokerage (deputed account);
- Revenue from proprietary trading
- Revenue from issue guarantee, issue broker
- Revenue from finance consultation
- Revenue from securities investment consultation
- Revenue from mandate, bidding
- Revenue from securities depository ;
- Revenue from operations
b) Revenues from business operation of an asset management company include :
- Revenue from securities investment fund management and securities investment company
- Revenue from securities investment consultation
- Revenue from investment portfolio consultation
- Revenue from reward when the investment results of the fund, the portfolio exceed the reference rate based on contracts with customers;
- Revenue from issuing fund certificates or stocks from securities Investment Company
- Revenue from fees from investment as designated for foreign investors;
- Revenue from repurchase, conversion of fund certificates;
- Revenue from operations
2. Revenues from financial activities include those from:
a) Contribution of capital;
b) Interest on deposits;
c) Exchange differences
d) Revenue from dividends and bond interest of proprietary trading self and dividends, bond interest, the difference between purchase and sale of securities of financial investments; Revenue of loans, deposits;
dd) Estimated revenue from stocks and bond interest ;
e) Revenue from financial activities and investment
3. Other income includes revenues from the lease, liquidation or sale of fixed assets which are not used for the securities trading ; revenue from penalty charges; revenue from insurance indemnity for asset losses; the other legitimate incomes.
Article 10. Rules for determining revenues
Securities companies, asset management companies shall record revenue and other income in accordance with the accounting standards for revenue and other income, as follows:
1. Revenue shall be the total value of the economic benefits of securities companies, asset management companies in the accounting period.
2. The revenue arising in the period shall have valid invoices and/or documentary evidence and be fully accounted for.
3. Revenues from exchange differences from revaluation of foreign currency and gold shall be recorded in accordance with accounting standards and provisions of current laws
Article 11. Expenses
Operation expenses of securities companies, asset management companies shall be the actual costs incurred during the period related to business activities, including: 0}
1. Operation expenses
a) For securities companies, operation expenses shall include:
- Expense on securities brokerage ;
- Expense on proprietary trading
- Expense on issue guarantee, issue brokerage
- Expense on consultation
- Expense on securities depository ;
- Expense on mandate, bidding
- Expense on professional liability insurance for the securities operation in securities company or expense on setting up investor protection fund to indemnify the damages to investors due to technical problems and staff’s negligence in their work as prescribed in Article 71 of the Securities Law. Setting up and using the investor protection fund shall comply with the law;
- Other expenses of operation
b) For asset management companies, operation expenses shall include:
- Expense on securities investment asset management and administrative expense of securities investment company
- Expense on establishment of the fund, securities investment companies
- Expense on securities investment portfolio management and expense on consultation of securities investment.
- Expense on purchase of professional liability insurance for practitioner in asset management companies or setting up loan loss provision and indemnifying the damages for investors due to technical problems and practitioner’s negligence in their work; indemnify for investors and open ended fund if the open ended fund is wrongly valuated as prescribed in Article 71 of the Securities Law Setting up and using the investor protection fund shall comply with the law;
- Other operating expenses
2. Expense of financial activities shall include the expenses related to outside investment activities, such as expense on pay loan interest for securities companies, raising capital expense, investment expense, exchange differences; securities devaluation provision, provision for devaluation of finance investments, bad debt provision; Other financial expenses.
3. Business administration expense
a) Expense on fixed asset depreciation according to current regulations, expense on maintenance and repairing fixed assets
b) Expense on tools, instruments; cost of raw materials, fuels, and materials;
c) Business trip allowances
d) Expense on purchased services: electricity, water, phone, repairing fixed assets; auditing, legal services, property insurance, accident insurance, stationery, transport, fire prevention, fire fighting; use of the equipment system of the Securities Exchange, monitoring in accordance with law, hiring experts and or other purchased services;
dd) Expenses on advertising, marketing, promotion, reception, festivities, transaction, foreign, conferences, meetings, professional training and other expenses as prescribed ;
e) Expense on salary and salary-related payments under the current regulations prescribed by the Board of Directors / Board of Member / Chairman of the Company under the regulations of the Company;
g) Deductions as prescribed by the State, such as social insurance, health insurance, trade union fees, unemployment insurance .
4. Expense on taxes, charges and fees as prescribed by law
5. Other legitimate expenses such as:
a) Expense on liquidation, lease or sale of assets;
b) Expense on fees payable to the association, organization of which the securities company or asset management company is a member;
c) Other expenses
Article 12. Principles of determining expenses
1. Operation expenses of securities companies, asset management companies shall be the expense incurred during the period related to business activities.
2. Expense recorded shall comply with the principle of compatibility between revenues and expenses, have enough legal documents as prescribed by law.
3. The following Expenses shall not be accounted for by securities companies, asset management companies.
a) Expenses covered by other funding sources ;
b) Expenses not related to business activities, expenses without valid documents;
c) Expenses accounted for but not actually spent ;
d) Expenses on fines for administrative violations, financial regulation violations
e) Expenses that are not deductible when determining enterprise income taxable income under the provisions of the law on enterprise income tax income.
Tìm kiếm
Thông tư 146/2014/TT-BTC (Bản Word)
Thông tư 146/2014/TT-BTC (Bản Pdf)