Principles of preparation and presentation of financial statements in transformation of enterprise ownership.
When transforming their ownership, enterprises must close accounting books, prepare financial statements in accordance with law. In the first accounting period after the transformation, enterprises must record accounting books and present financial statement in accordance with the following principles:
1. For accounting books recording assets, liabilities and owner‘s equity: All balances of assets, liabilities and owner‘s equity in the accounting books of the old enterprises are recorded opening balances in accounting books of the new enterprises.
2. For the Balance Sheet: All balances of assets, liabilities and owner‘s equity of the old enterprises prior to transformation are recorded in the opening balance of the new enterprises and are presented in the "Beginning".
3. For income statements and cash flow statements: Figures from the time of transformation to the end of the first reporting period are shown in column "This time". Cumulative figures from the beginning of reporting year to the time of transformation of ownership are presented in the "previous"

Source: Circular 200, Article 104