ADRIA INTERCULTURAL ASSOCIATION
8960 Lenti Harangláb út 36., Hungary
Tax ID number 19316389-1-20 (EU-VAT: HU 19316389)
Depreciation Regulations
Approved: Hollókő, 2021 december 18., updated on 16.10.2024.
1) Disqualification and other terms:
Assets: all tangible assets and stocks, the stock of which is maintained by the ADRIA INTERCULTURAL ASSOCIATION (hereinafter: the “Association”) in quantitative and value records or only in quantitative records, regardless of the value limit.
Unnecessary assets: all tangible assets and inventories that:
they are no longer necessary for the activities and operation of the Association, they no longer correspond to the original purpose of the property, due to the termination of the activity or other reasons – e.g. more modern procurement – they have become redundant,
– they are no longer fit for their intended use due to natural wear and tear, moral obsolescence, unplanned depreciation, – their warranty period has expired.
The following are considered unusable:
all tangible assets that become permanently unusable due to wear and tear due to normal use, improper use, human intervention, elemental impact or the internal nature of the property (dusting, deterioration).
Scrapping:
the procedure during which the tangible assets or inventories (hereinafter together: assets) that have become redundant or unusable, as well as their value will be withdrawn from its assets.
Utilization:
the procedure by which the surplus and discarded assets of the Association inside or outside all or part of the Waste) will be reused.
Possible ways:
- sale to an external organization or an internal individual,
- outsourcing,
- through internal re-use for other purposes, re-evaluation.
Destruction:
the physical destruction of property that has become unusable or unsaleable.
2) Management of redundant assets:
Assets that have become redundant shall be included in a list, the list shall be a must include:
- serial number and registration number,
- DESCRIPTION OF THE DEVICE
- unit of quantity,
- Quantity
- the reason for becoming redundant,
- the proposed date of decommissioning,
- a proposal for the method of recovery,
- the date on which the list was drawn up,
- the signature of the person responsible for the compilation.
The method of recovery shall be "sale" or "disposal". Expert advice should be sought, if necessary, to clearly identify the reason for the redundancy. It must be ensured that the registration price of the property or, in the case of a sale, the sale price is determined and indicated on the list.
Disposal and the method of recovery will be decided by the Disposal Committee, see point 3.
Method of utilization of surplus assets:
- for another organization (business company, other social organization, foundation)
- for a fee,
- to private individuals against payment or free of charge.
Following disposal / recovery / sale, they must be recorded.
3) Disposal order:
Disposal must be carried out at 3-year intervals.
The members of the Nomination Committee will be appointed by the Board for the following reasons according to:
- the appointment can only be made in writing,
- orders must be renewed annually,
- the committee must have at least 3 members,
- the head of the committee may not be a person with management responsibility for the assets to be disposed of
Tasks of the Qualification Committee:
- decide whether the asset (s) can be recovered by repair,
- propose the disposal and further recovery of assets and their destruction,
- carry out the scrapping, during which a record of the scrapping is made.
4) Carrying out the scrapping:
On the basis of the inventories, the Scrapping Committee is obliged to check before the scrapping that the necessary measures have been taken for the sale of the assets that can still be used, and that the quantity of assets prepared for scrapping is the same as the data listed in the list.
5) Procedure for disposing of assets purchased from the grant:
The certificate of support shall govern the disposal of assets purchased from the grant. Failing this, these rules apply.
6) The scrapping note She book:
A record must be kept of the disposal of both tangible assets and stocks.
The minutes shall record the proposal of the members of the scrapping committee, which shall be authenticated by their signature.
In the event that the asset or inventory proposed for devaluation is classified as scrapped by the committees, it shall be justified and recorded in the minutes.
During the scrapping process, the committee should propose:
- whether the scrapped stock can be sold at a waste or recovery price, – stocks which cannot be sold as a waste or recovery material, if necessary, may have to be destroyed for health reasons,
- the procedure (destruction, incineration, cutting) for the destruction of the stocks to be destroyed.
- Measures proposed by the committee in the minutes of the scrapping procedure:
- devaluation, scrapping and destruction may only take place with the permission of the Executive Chairman.
The scrapping report must be drawn up in 4 copies, numbered occasionally, which must be handed over to the parties concerned, and 1 copy must be filed and kept for 10 years.
7) Accounting accounts for scrapping:
Following the completion of the scrapping, the accounting shall record the changes in the value and quantity of the assets within 15 days from the receipt of the report, but no later than on the 5th working day prior to the start of the inventory, based on the minutes sent by the committee.
8) Final provisions:
These Inventory and Inventory Regulations and the Disposal Regulations forming part of it shall enter into force on 18 December 2021
The members of the Association and the employees belonging to the staff are obliged to comply with the provisions of the Regulations in their respective positions.