Statement of Changes in Equity

In different countries, the order of filling, registration and submission of a report on changes in capital may vary.

Russia

In Russia, small businesses that are not subject to compulsory audit , as well as non-profit organizations have the right not to include the Report on changes in capital in the financial statements ^[1] .

All data in the Statement of Changes in Equity are mandatory for three years - reporting, preceding the reporting and preceding the previous reporting period. An example of the completed form number 3. (outdated form)

The statement of changes in equity consists of 3 sections.

• Section I "Movement of capital";
• Section II “Adjustments in connection with changes in accounting policies and correction of errors”;
• Section III "Net Assets".

Section I “Capital Movement” horizontally reflects the capital structure, vertical - capital operations (changes in authorized, additional, reserve capital, shares repurchased from shareholders and indicators of retained earnings (uncovered loss)).

• The section indicators are grouped within the period by the “Capital increase” and “Capital decrease” groups;

Section II “Adjustments in connection with changes in accounting policies and correction of errors” consists of three parts:

• Capital of all;
• Including retained earnings (uncovered loss);
• Including other capital items for which adjustments have been made;

Section III “Net Assets” is presented for three reporting dates.

Note that the new form of the Report on changes in capital of the “Code” column is not provided, however, according to paragraph 5 of Order No. 66n, in the financial statements submitted to the state statistics bodies and other executive authorities, after the column “Indicator Name” is given the column “Code” , in which the indicator codes are indicated in accordance with Appendix No. 4 to the Order. The new form also does not provide free lines, however, by clause 4 of Order No. 66n, the legislators designated the right of organizations to independently enter additional lines for these purposes. In accordance with paragraph 4 of Order No. 66n, organizations are allowed to independently determine the specification of indicators for the articles of all reports.