General risk reserve is accrued at 10% of net profit. Management method of general risk reserve: general risk reserve can only be used to make up for losses.
(June 5438+1October 65438+February 2, 2007, accounting word [2007] No.65438 +0)
In order to standardize the financial management of risk preparation of fund management companies and clarify related matters, the following supplementary provisions are made, please follow them.
1. The "risk reserve" in the Notice on Issues Concerning the Withdrawal of Risk Reserve by Fund Management Companies (J.J. Zi [2006] 154, hereinafter referred to as the Notice) refers to the general risk reserve used to make up for unidentified possible losses, which should be distinguished from the special risk reserve with specific purposes or users.
Two. The general risk reserve shall be withdrawn from the month when the notice is issued. When the balance reaches 65,438+0% of the total net assets of open and closed securities investment funds managed by the fund management company, it shall not be withdrawn. The custodian bank takes the net asset value of each securities investment fund under custody as the withdrawal base, and may not withdraw when the balance exceeds 1%.
Three. If the fund management company has withdrawn the general risk reserve according to the management fee income before the Notice comes into effect, it may choose to continue to implement the higher withdrawal standard or the requirements of the Notice.
Four, the general risk reserve extracted from the fund management fee should be unified in the general risk reserve account, unified management, unified use. The use of general risk reserve does not distinguish the extraction source of general risk reserve. As a unified general risk reserve of the company, it serves all open-end and closed-end securities investment funds managed by fund management companies.
5. The funds in the special account for general risk reserve and the securities and related income invested and held by general risk reserve belong to the company's inherent assets, and the use purpose is limited. The after-tax investment income belongs to general risk reserve assets.
6. If the general risk reserve drawn in previous years is treated as liabilities or rights and interests, the balance shall be transferred to the special account for general risk reserve according to these regulations, and the balance shall be transferred to "general risk reserve" as the owner's rights and interests of the company in this year.
Seven, the general risk reserve expenditure from operating expenses, included in the actual loss, the cumulative excess of the risk reserve balance by the fund management company with other own property to make up. When calculating enterprise income tax, the company should make necessary tax adjustments according to the requirements of the current tax law and the nature of specific risk items used for general risk preparation.
Eight, for general risk preparation, in addition to special requirements, the fund management company shall implement the following financial management regulations:
(1) Withdrawal of general risk reserve
Management fee income is fully accounted for in accordance with the proportion agreed in the fund contract and included in the company's management fee income. The general risk reserve is drawn monthly according to the requirements of the Notice according to a certain proportion of management fee income, and the company instructs the custodian bank to transfer the drawn general risk reserve to the special account for general risk reserve. The general risk reserve drawn by the company is used as profit distribution and is not included in the expenses. General risk preparation is an integral part of the company's owner's equity.
(two) the use and payment of general risk reserve
When using the general risk reserve, the company should reduce the general risk reserve, increase the company's "profit distribution-undistributed profit" accordingly, and transfer the funds from the general risk reserve account to the company's own fund bank deposit account.
Risk losses caused by the fund management company's own reasons shall be investigated for the responsibility of the parties concerned in accordance with relevant regulations. If the amount that the parties should bear needs to be paid by the fund management company with general risk, it shall be recorded as "other receivables"; The part that should be borne by the fund management company is charged from the operating expenses, and the part that should be borne by the company is charged separately under the operating expenses as "general risk reserve expenditure".
When the party concerned returns the prepayment amount of the company, it will write off other receivables of the company according to the returned amount.
When the company advances the funds borne by both parties with the general risk reserve, but both parties are unable to repay the funds advanced by the company, the company should supplement the general risk reserve with its own funds and transfer the corresponding funds from the bank deposit account with its own funds to the special account for the general risk reserve.
For the advance payment that is difficult to recover, provision for bad debts and write-off shall be made according to relevant principles.
(iii) Return to general risk reserve
The Company may transfer back the general risk reserve and the general risk reserve account balance within the withdrawal scope accordingly, but the transferred general risk reserve balance shall not be less than 65,438+0% of the net asset value of the surviving total fund managed by the fund management company. When transferring back to the general risk reserve, while reducing the general risk reserve, the company's "profit distribution-undistributed profit" should be increased accordingly; And transfer funds from the general risk reserve account to the bank deposit account of the company's own funds.
(d) general risk reserve investment
When a fund management company uses general risk reserve assets, including bank deposits, for investment, it shall conduct monthly accounting in accordance with the investment principles of loans and receivables or transactional financial assets stipulated in the relevant accounting standards for enterprises, and reflect them as assets with limited use in the balance sheet. Investment gains and losses, including bank interest, should be included in the asset-related gains and losses account of the fund management company, and detailed accounts should be set under the relevant asset gains and losses account to distinguish it from other asset investments.
The balance of general risk reserve investment income after paying enterprise income tax is temporarily included in the general risk reserve management. The calculation formula of the balance is:
After-tax amount of general risk reserve investment income = pre-tax investment income of general risk reserve × (100%- applicable enterprise income tax rate)
The above-mentioned after-tax amount is included in the "general risk reserve" as the owner's equity of the company according to the principle of profit distribution, and the same amount is transferred from the bank deposit account of its own funds to the special account for general risk reserve.
If the company loses money before tax, the investment income of general risk reserve shall be fully included in the management of general risk reserve.
When the risk reserve investment suffers losses, the company uses the loss amount to offset the general risk reserve balance.
Nine. In addition to special requirements, a fund management company shall implement the following financial management provisions for special risk reserves for specific purposes (hereinafter referred to as "special risk reserves"):
(1) If the special risk reserve is withdrawn according to a certain proportion of the management fee income, the net management fee after deducting the special risk reserve in the current period shall be regarded as the management fee income. As a liability, the extracted special risk reserve is included in "other payables-special risk reserve" and deposited in the special risk reserve account.
(2) The balance of the special risk reserve originally drawn from after-tax profits shall continue to be regarded as owners' equity. As of the effective date of this supplementary provision, the risk reserve shall be withdrawn according to a certain proportion of the management fee income, which shall be included as liabilities in "other payables-special risk reserve" and deposited in the special risk reserve account.
Management fee income is recorded on a net basis after deducting special risk reserve.
(III) When the company uses and pays the special risk reserve, it shall pay from the balance of "other payables-special risk reserve" according to the actual amount used.
(4) When the special risk reserve expires, or when the fund management company is dissolved and liquidated, it can be transferred back within the scope of the special risk reserve, adjust the balance of "other payables-special risk reserve" and management fee income, and transfer the funds in the special risk reserve account to the bank deposit account with its own funds.
(5) Where special risk reserve assets can be used for investment according to relevant laws and regulations, including bank deposits, the fund management company shall conduct accounting in accordance with the principles stipulated in the relevant accounting standards for business enterprises and reflect them as assets with limited use in the balance sheet. Investment profit and loss, including bank interest, should be included in the investment profit and loss account related to the assets of the management company, and detailed accounts should be set under the relevant asset profit and loss account to distinguish it from other inherent asset investments. The investment income of special risk reserve should be included in the management of special risk reserve, and the investment risk should be borne by special risk reserve.
(6) A fund management company shall set up a special risk reserve and a general risk reserve for special account management.
X. In the notes to the audited annual financial report, a fund management company shall set up a separate section on "Withdrawal and Use of Risk Reserves", and disclose the general and special risk reserves as follows:
(1) The average withdrawal ratio of general risk reserve and special risk reserve this year;
(2) The amount of general risk reserve and special risk reserve accumulated in the current period.
(three) the cumulative amount of use, the current amount of use and the reasons;
(4) The balance of the special account at the end of each risk reserve;
(5) Investment details, including but not limited to the following items: amount of bank deposits, name of investment products, number of securities held, fair value at the end of the period, investment cost, current investment gains and losses (including current investment changes), ratio of fair value at the end of the period to final risk reserve, and various totals.
Eleven, such as the Ministry of Finance of the fund management company to extract risk reserves involved in accounting confirmation and measurement and other matters, from its provisions.