How to Develop a Financial Plan for Enterprises Wholly Owned by the State?
Article 8 of Circular 36/2021/TT-BTC (Effective from July 10, 2021) stipulates the financial planning of enterprises with 100% charter capital held by the State as follows:
- The financial planning of enterprises with 100% charter capital held by the State is carried out in accordance with Article 33 of Decree 91/2015/ND-CP and the following provisions:
a) Annually, at the same time as the Ministries managing sectors, the Committee for Management of State Capital at Enterprises, and the People's Committees of provinces and centrally run cities prepare the budget estimates according to the provisions of the Law on State Budget, enterprises build their financial plans for the following year and send them to the representative agency of the owner's capital, the financial agency at the same level, and the Ministry of Finance before July 31 each year to aggregate and prepare the state budget estimates. The basis for, and the order of preparing financial plans are carried out in accordance with the provisions of Article 33 of Decree 91/2015/ND-CP.
b) The report templates for enterprises to use are in Appendix 02 - Form 01 "Financial Plan of Enterprises with 100% State-Owned Capital"; Form 02 "Financial Plan - Consolidated Report of Enterprises with 100% State-Owned Capital Operating under the Parent Company - Subsidiary Model" attached to this Circular.
- Annually, at the same time as the Ministries managing sectors, the Committee for Management of State Capital at Enterprises, and the People's Committees of provinces and centrally run cities prepare the budget estimates according to the provisions of the Law on State Budget, the representative agency of the owner's capital directs the representative of the state capital at joint stock companies and limited liability companies with two or more members to base on the resolutions of the General Meeting of Shareholders/Resolution of the Members' Council and relevant documents to prepare the financial plan for the following year and send it to the representative agency of the owner's capital, the financial agency at the same level, and the Ministry of Finance before July 31 each year to aggregate and prepare the state budget estimates. The report templates are prepared according to Appendix 02 - Form 03 "Financial Plan of Enterprises with State Capital" attached to this Circular.
Respectfully!
