DETAILED STRUCTURE OF THE CHART OF ACCOUNTS FOR SAVINGS

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DETAILED STRUCTURE OF THE CHART OF ACCOUNTS FOR SAVINGS Powered By Docstoc
					     DETAILED STRUCTURE OF THE CHART OF ACCOUNTS FOR
                 SAVINGS AND CREDIT UNIONS

Section 1:        Operating Income Accounts
Interest Income on Loans and Advances to Members/Customers – Account 10
        101    Interest Income from Consumer Loans
               1011 In Lao Kip
               1012 In foreign/other currencies
        102    Interest Income from Business Loans
        103    Interest Income from Agricultural Loans
        104    Interest Income from Real Estate Loans
        105    Interest Income from Savings and Share Secured Loans
        106    Penalty Interest Income paid on Loans
        109    Interest Income from other Member Loans

Interest Income Other than on Loans and Advances to Members/Customers – Account 11
        111    Interest Income from Balances with BOL
        112    Interest Income from Accounts with Banks and other Financial Institutions (FIs)
               1121 Savings Accounts
                        11211 In Lao Kip
                        11212 In foreign/other currencies
               1122 Term Deposits
                        11221 In Lao Kip
                        11222 In foreign/other currencies
               1129 Other Short-Term Placements/Deposits
        113    Interest Income from BOL Approved Investments
               1131 Investment in BOL Approved Government Securities and other Approved
                        Investments
        119    Other Interest Income

SCU Fees and Charges – Account 12
      121    Member Fees Paid
      122    Member Penalties
      129    Other Operating Income




Detail COA SCU, Bank of Lao PDR                                                                  1
February 2008
Section 2:        Operating Expense Accounts
Interest Expense (IE) – Account 20
        201    IE on Savings
               2011 IE on Savings Deposits
                       20111 In Lao Kip
                       20112 In foreign/other currencies
               2012 IE on Term Deposit
                       20121 In Lao Kip
                       20122 In foreign/other currencies
               2013 IE on Special Purpose Accounts
               2014 IE on Retirement Savings
               2015 IE on High Yield or Money Market Accounts
               2019 IE on other Member Savings Deposits
        202    IE on Short-term Loans
        203    IE on Long-term Loans
        209    IE on Other Borrowings

Non-Interest Expense – Account 21
       211    Fees paid for Loans from Bank and other Organizations
       212    Commissions Paid for Loans from Bank and other Organizations

Loan and Interest Loss Reserves – Account 22
       221    Specific Reserve Expense
       222    General Reserve Expense
       223    Provision for Loss on Investments and Loans to other SCUs
       224    Provision for Loss on Assets Acquired in Liquidation of a Member Loan

General and Administrative Expenses – Account 23
      231    Employee Personnel Expenses
             2311 Employee Salaries and Wages
             2312 Bonuses
             2313 Payroll-based Tax
             2314 Employee’s and Employers’ Obligations
                     23141 Social Insurance
                     23142 Health Insurance
                     23143 Labour Insurance
                     23149 Other Fees (as regulated)
             2315 Training Expenses (fees paid to enroll in training courses)
             2316 Vacation
             2317 Sick Leave
             2319 Other Personnel-related Expenses

         232      Office Expenses
                  2321 Office Supplies
                  2322 Telephone, Fax, E-mail (communication expenses)
                  2323 Postage and Delivery
                  2324 Printing and Stationery
                  2325 Vehicle Maintenance
                  2326 Fuel Charges
                  2327 Insurance
                  2328 Representation and Entertainment
                  2329 Other Office Expenses

Detail COA SCU, Bank of Lao PDR                                                       2
February 2008
         233      Professional Expenses
                  2331 Professional Fees
                  2332 Audit Fees
                  2333 Accounting Services
                  2334 Legal Fees
                  2335 Management Information System
                  2339 Other Professional Fees

         234      Occupancy Expenses
                  2341 Rent
                  2342 Utilities/Electricity
                  2343 Water
                  2344 Repairs, Maintenance and Cleaning
                  2349 Others

         235      Employee Travel expenses
                  2351 Transportation (airfares, etc)
                  2352 Meal, Per Deim and Incidental Travel Costs
                  2353 Accommodation
                  2354 Vehicle Operating Expenses
                  2359 Miscellaneous Travel Costs

         236      Depreciation and Amortisation
                  2361 Amortisation of Leasehold Land Improvements
                  2362 Depreciation Expense for Buildings
                  2363 Depreciation Expense for Leasehold Improvements
                  2364 Depreciation Expense for Vehicles
                  2365 Depreciation Expense for Furniture and Equipment
                  2366 Amortisation of Start-up Costs
                  2369 Depreciation Expense for other Property and Equipment

         237      Governance Expense
                  2371 Salaries and Wages paid to Officials (does not include amount per month for
                         meetings)
                  2372 Monthly Meeting Stipend paid to Officials
                  2373 Annual Meeting Expenses
                  2374 Official’s Transportation Expenses (airfares, etc)
                  2375 Official’s Meal, Per Diem and Incidental Travel Costs
                  2376 Official’s Accommodation
                  2377 Official’s Vehicle operating Expenses
                  2378 Miscellaneous Travel Cost
                  2379 Other Governance Expenses

Loan Servicing Expenses – Account 24
       241    Loan Collection Expense
       242    Lien Recording
       243    Credit History Investigation
       249    Other Loan Servicing Expenses




Detail COA SCU, Bank of Lao PDR                                                                      3
February 2008
Promotional Expenses – Account 25
      251     Advertising Expense
      252     Publicity and Promotion
      253     Published Materials
      259     Other Promotional Expenses

BOL Supervision and Licensing Fees – Account 26
      261    Supervision Fee
      262    Licensing Fee

Taxes and Licenses – Account 27
       271    Business License and other Local Taxes
       272    Property Taxes
       273    Municipal Tax
       274    Capital Tax
       275    Registration Duty, Stamp Duty and their Equivalent
       276    Income Tax
       279    Other Indirect and Miscellaneous Taxes

Cashier Shortage and Overage – Account 28
       281    Cashier Shortage
       282    Cashier Overage

Tax on Profit Loss on Ordinary Activities – Account 29
       291     Profit Tax
       292     Minimum Tax




Detail COA SCU, Bank of Lao PDR                                    4
February 2008
Section 3:        Non-Operating Income and Expense Accounts

Grant Income/Amortisation of Grant Income – Account 31
       311   Grant/Donations Income Received

Other Income Accounts – Account 32
       321   Gain on Foreign Exchange
       322   Gain on Disposal of Property and Equipment
       323   Gain on Sale of Investments
       324   Rental Income
       325   Reversal of Provisions for Liabilities and Charges
       326   Write-back of Principal Received on Loans Previously Written Off
       327   Write-back of Interest Received on Loans Previously Written Off
       239   Other Income Items

Extra-Ordinary Income – Account 33
       331   Extraordinary Income

Other Charges – Account 34
       341    Loss on Foreign Exchange
       342    Loss on Sale of Property and Equipment
       343    Loss on Sale or Disposal of Investments
       344    Provision for Major Repairs and Maintenance
       345    Provision for Off-balance Sheet Commitments
       346    Provision for Claims/Litigation
       349    Other Charges

Extra-Ordinary Charges – Account 35
       351   Extraordinary Charges




Detail COA SCU, Bank of Lao PDR                                                 5
February 2008
Section 4:        Asset Accounts

Cash, Cheques and Other Cash Item – Account 40
       401    Cash on Hand
              4011 In Lao Kip
              4012 In Foreign/other currencies

         402      Petty Cash
         403      Vault Cash
         404      Cheques in Transit
         409      Other Cash Accounts

Balance with the BOL and Depositor’s Protection Fund – Account 41
       411     BOL Current Account
               4111 In Lao Kip
               4112 In Foreign/other currencies
       412     BOL Reserve Requirement
               4121 Lao Kip
               4122 In Foreign/other currencies
       413     Depositor’s Protection Fund Deposit
       414     Other BOL Reserve Requirements

Accounts with Banks and other Financial Institutions (FIs) – Account 42
      421     Current Accounts
              4211 In Lao Kip
              4212 In Foreign/other currencies
      422     Savings Accounts
              4221 In Lao Kip
              4222 In Foreign/other currencies
      423     Term Deposits
              4231 In Lao Kip
              4232 In Foreign/other currencies
      429     Other Accounts with Banks and Financial Institutions

Investments – Account 43
       431     Investment in BOL Approved Government Securities and other Approved Investment
       4311 Provision for Loss on Approved Investments
       432     Loans to other SCUs
       4321 Provision for Loss on Loans to other SCUs
       439     Other Investments
       4391 Provision for Loss on other Investments

Loans and Advances to Members/Customers – Account 44
       441   Current and Outstanding Loans
             4411 Consumer Loans
                     44111 In Lao Kip
                     44112 In Foreign/other currencies
             4412 Business Loans
             4413 Agricultural Loans
             4414 Real Estate Loans
             4415 Savings and Share Secured Loans
             4416 Other Member Loans

Detail COA SCU, Bank of Lao PDR                                                                 6
February 2008
         442      Restructured Loans
                  4421 Restructured Consumer Loans
                  4422 Restructured Business Loans
                  4423 Restructured Agricultural Loans
                  4424 Restructured Real Estate Loans
                  4425 Restructured Savings and Share Secured Loans
                  4426 Restructured other Member Loans
         443      Past-due, Non-performing Loans (NPL)
                  4431 NP: Consumer Loans
                  4432 NPL Business Loans
                  4433 NPL Agricultural Loans
                  4434 NPL Real Estate Loans
                  4435 NPL Savings and Share Secured Loans
                  4436 NPL other Member Loans

Reserves for possible Losses – Account 45
       451     Specific Reserves
       452     General reserves

Interest and Fees Receivable (IFR) – Account 46
        461    IFR Balances with BOL
               4611 IN Lao Kip
               4612 In Foreign/other currencies
        462    IFR Accounts with Banks and other Financial Institutions
               4621 In Lao Kip
               4622 In Foreign/other currencies
        463    IFR Investments
        464    IFR Loans and Advances to Customers/Members
               4641 IFR Consumer Loans
               4642 IFR Business Loans
               4643 IFR Agricultural Loans
               4644 IFR Real Estate Loans
               4645 IFR Savings and Share Secured Loans
               4646 IFR other Member Loans

Property and Equipment – Account 47
       471    Land
       472    Buildings
       473    Leasehold Improvements
       474    Vehicles
       475    Furniture and Fixture
       476    Computer and other Equipment
       477    Intangible Assets
       478    Other Fixed Assets
       479    Accumulated Amortisation and Depreciation
              4791 Intangible Assets
              4792 Buildings
              4793 Leasehold Improvements
              4794 Vehicles
              4795 Furniture and Equipment
              4796 Computer and Other Equipment
              4799 Other Fixed Asset Depreciation

Detail COA SCU, Bank of Lao PDR                                           7
February 2008
Prepayments and Other Receivables – Account 48
      481    Prepayments
             4811 Prepaid Stationery and Supplies
             4812 Prepaid Rent
             4813 Prepaid Communication, Utilities and Water
             4819 Other Prepayments
      482    Shot-term Receivables
             4821 Notes Receivable
             4822 Account Receivable
             4829 Other SCU Receivables

Other Assets – Account 49
       491     Assets Acquired in Liquidation
       492     Assets Held for Resale (not in use)
       499     Others (e.g. accounts with banks which have been closed of are under receivership/
               Liquidation etc)
       4991 Provision for Loss on Assets Acquired in Liquidation of Member Loans and other Asset
               Losses




Detail COA SCU, Bank of Lao PDR                                                                     8
February 2008
Section 5:        Liability Accounts

Customers/Members’ Deposits – Account 50
      501   Member Savings
            5011 Savings Deposits
                   50111 In Lao Kip
                   50112 In foreign/other currencies
            5012 Term Deposits
                   50121 In Lao Kip
                   50122 In foreign/other currencies
            5013 Special Purpose Accounts
            5014 Retirement Savings
            5015 High Yield or Money Market Account
            5019 Other Member Savings Deposits

External Credits/Borrowings – Account 51
       511    Short-term Bank Loans (due to be repaid within one year)
       512    Long-tern Bank Loans (due to be repaid in more than one year)
       519    Other Borrowings

Interest Payable (IP) – Account 52
        521    IP Savings
               5211 IP Savings Deposits
                        52111 In Lao Kip
                        52112 In foreign/other currencies
               5212 IP Term Deposits
                        52121 In Lao Kip
                        52122 In foreign/other currencies
               5213 IP Special Purpose Accounts
               5214 IP Retirement Savings
               5215 IP High Yield or Money Market Accounts
               5219 IP Other member Savings Deposits
        522    IP Short-term Bank Loans
        523    IP Long-term Bank Loans
        529    IP Other Borrowings

Accounts Payable – Account 53
      531    Accounts Payable

Accrued Expenses and Provisions – Account 54
      541    Accrued Expenses
             5411 Annual Meeting Expense
             5412 Legal Fees
             5413 External Audit
             5419 Other Expenses
      542    Provisions for Liabilities and Charges
             5421 Provision for Pensions and Similar Commitments
             5422 Provision for Tax assessments
             5423 Provision for Claims and/or Litigation
             5429 Other Provisions



Detail COA SCU, Bank of Lao PDR                                               9
February 2008
Taxes Payable – Account 55
       551    Income Tax
       552    Withholding Taxes
       553    Social Security Taxes
       554    Profit Tax
       555    Minimum Tax
       559    Other Taxes

Deferred Revenue – Account 56
       561    Deferred Grant Revenue
       562    Unearned Interest Income
       563    Deferred Revenue due to Donated Fixed Assets
       569    Other Deferred revenue Items

Suspense and/or Clearing Accounts – Account 57
       571    Suspense Items (unidentified)
       572    Clearing Account

Other Liability Accounts – Account 59
       59      Other Liabilities




Detail COA SCU, Bank of Lao PDR                              10
February 2008
Section 6:        Members Share Accounts

Member Shares – Account 60
     60     Member Shares

Other Share Accounts – Account 61
       61     Other Member Shares




Section 7:        Capital Accounts

Retained Earnings/ (Deficit) – Account 70
       70     Retained Earnings

Reserves and Appropriations – account 71
       711    Legal/Regulatory reserve
       712    Statutory Reserve
       713    Additional Reserve for Losses
       714    Revaluation Surplus
              7141 Revaluation of Assets
       719    Other Special Purpose Reserves
              7191 Reserve for Education/tTraning
              7192 Reserve for Purchase of Buildings
              7199 Computer System Purchase

Donated Capital – Account 72
      72      Donated Capital

Net Income (Loss) for the Current Year/Period – Account 73
       73     Net Income (Loss) for the Current Year

Dividends Declared – Account 74
       74     Dividends Declared




Section 8:        Off-Balance Sheet Commitments

Others – Account 80
       801    Other Off-balance Sheet Items
              8011 Written-off Loans
              8012 Overdue Interest on Loans

Control – Account 89
       891    Control Account




Detail COA SCU, Bank of Lao PDR                              11
February 2008