Annex G

LIST OF DELETED ACCOUNTS AND DESCRIPTIONS

A. Deleted RCA (UACS Object) Codes

RCA UACS
UACS
(UACS Sub-
Account Title Object Reason for Deletion
Object) Object
Code
Code Code
Assets
Investments
Investments in Associates
1. Investments in 10206010 00 1020601000 IPSAS 7-Investments in
Associates Associates is not adopted.
2. Allowance for 10206011 00 1020601100 IPSAS 7-Investments in
Impairment- Associates is not adopted.
Investments in
Associates
Equity
Government Equity
Government Equity
3. Contributed Capital 30101030 00 3010103000
Revaluation Surplus
Revaluation Surplus
4. Revaluation Surplus 30201010 00 3020101000 The cost model is adopted
for all classes of Property,
Plant and Equipment
(PPE) based on PAG2 of
PPSAS 17-PPE.
Equity in Joint Venture
Equity in Joint Venture
5. Equity in Joint Ventures 30401010 00 3040101000 To conform to PPSAS 36-
Investments in Associates
and Joint Venture and
PPSAS 37-Joint
Arrangements.
Revenue
Non-Operating Income
Sale of Assets
6. Sale of Unserviceable 40601020 00 4060102000
Property
Expenses
Impairment Loss
7. Impairment Loss- 50503120 00 5050312000 IPSAS 7-Investment in
Investments in Associates is not adopted.
Associates

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 Annex G

B. Deleted RCA (UACS Object) Codes Descriptions

1. Account Title Investments in Associates

Account Code 10206010
Normal Balance Debit
Description This account is debited to recognize money invested in entities that are
neither a subsidiary nor joint venture, where the national government
agency has significant influence, with the power to participate in financial
and operating policy decisions of the investee, but is not control or joint
control of those policies. It is also debited to recognize the share of the
investor in the profit of the associates. This account is credited upon
receipt of the return of the investment, for the share in the loss of the
associates, and sale, transfers and write-off.

2. Account Title Allowance for Impairment-Investments in Associates

Account Code 10206012
Normal Balance Credit
Description This account is credited to reduce the cost/amortized cost/fair value of
investments due to impairment. This account is debited upon receipt of
the return of the investment, sale, transfers, reversal of impairment loss,
and write-off.

3. Account Title Contributed Capital

Account Code 30101030
Normal Balance Credit (Debit)
Description This account is used to recognize capital contributed by the government
to the entity. It includes share capital (i.e. capital stock) as well as
additional paid-in capital.

4. Account Title Revaluation Surplus

Account Code 30201010
Normal Balance Credit (Debit)
Description This account is used to recognize the result of revaluation of assets. The credit bala
represents the excess of appraisal value over the book value of the revalued asset.
decrease shall be debited directly to the extent of any credit balance existing in
revaluation surplus.

5. Account Title Equity in Joint Ventures

Account Code 30401010
Normal Balance Credit (Debit)
Description This represents equity shareholding in a joint venture.

6. Account Title Sale of Unserviceable Property

Account Code 40601020
Normal Balance Credit
Description This account is used to recognize the proceeds from the sale of
disposed/unserviceable assets. This account shall be closed to the
Revenue and Expense Summary account.

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 Annex G

7. Account Title Impairment Loss-Investments in Associates

Account Code 50503120
Normal Balance Debit
Description This account is debited to recognize the loss in the future economic
benefits or service potential of investments in associates. This account is
credited, at year end, to close to the Revenue and Expense Summary
account, and/or adjustments.