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About the NBS | Operations of the NBS

Operations of the National Bank of Serbia

Pursuant to Article 2, paragraph 1 of the Accounting Law (RS Official Gazette, Nos 62/2013 and 30/2018) and Article 5, paragraph 1 of the Law on the National Bank of Serbia (RS Official Gazette, Nos 72/2003, 55/2004, 85/2005 – other law, 44/2010, 76/2012, 106/2012, 14/2015, 40/2015 – CC decision and 44/2018), the National Bank of Serbia has the status of a legal person.

As a legal person, the National Bank of Serbia is required to compile regular annual financial statements. These statements provide a true and fair presentation of the National Bank of Serbia’s financial position and performance, and are compiled for a business year which is equivalent to a calendar year. Further, regular annual financial statements are compiled in accordance with accounting and audit laws and the International Accounting Standards and/or International Financial Reporting Standards.

In accordance with Article 2, paragraph 7 of the Accounting Law, regular annual financial statements include:

  1. Balance sheet
  2. Income statement
  3. Statement of other comprehensive income
  4. Statement of changes in equity
  5. Cash flow statement
  6. Notes to financial statements

Operations of the National Bank of Serbia are performed in its main organisational units, the Institute for Manufacturing Banknotes and Coins – Topčider, and its branches in Belgrade, Novi Sad, Niš, Kragujevac and Užice.

Under Article 13 of the Accounting Law, legal persons record business changes in accounts prescribed by the chart of accounts. The Decision on the Chart of Accounts and Content of Accounts in the Chart of Accounts for the National Bank of Serbia is prescribed by the National Bank of Serbia, i.e. it is adopted by the National Bank of Serbia’s Governor. Under Article 26, paragraph 3 of the Accounting Law, the National Bank of Serbia prescribes the content and layout of financial statement forms for the National Bank of Serbia for the purposes of ensuring uniform information and facilitating statistical processing. The Decision on the Content and Layout of Forms of Financial Statements for the National Bank of Serbia is adopted by the Governor of the National Bank of Serbia.

The National Bank of Serbia’s obligation to have its annual financial statements audited is prescribed by Article 21 of the Audit Law (RS Official Gazette, Nos 62/2013 and 30/2018), Article 81 of the Law on the National Bank of Serbia and Article 28 of the Accounting Law. As envisaged by Article 79, paragraph 2 of the Law on the National Bank of Serbia, for information purposes, the Council of the Governor submits annual financial statements with the certified auditor’s report to the National Assembly by 30 June of the following year. The National Bank of Serbia publishes its annual financial statements in the RS Official Gazette within a month following the date of their submission to the National Assembly.

The National Bank of Serbia also publishes its annual financial statements with the certified auditor’s report in both Serbian and English on its website.

 

 

 

See More...
Financial statements for the year ended 31 December 2017 with the Independent Auditors’ Report
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999

Related Topics...
Accounting Regulations