Agrarian law. Distribution of profits and losses of the cooperative (most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Agrarian law. Distribution of profits and losses of the cooperative (most important)

Lecture notes, cheat sheets

Table of contents (expand)

22. Distribution of profits and losses of the cooperative

Profit is the final financial result revealed for the reporting period on the basis of the accounting of all business operations of the cooperative and the assessment of balance sheet items.

Profit of a production cooperative is distributed among its members in accordance with the labor participation of each of them, unless otherwise provided by law or the charter (clause 4, article 109 of the Civil Code of the Russian Federation). Income received from the entrepreneurial activities of consumer cooperatives is also distributed among its members (Article 116 of the Civil Code of the Russian Federation), in the manner determined by the cooperative itself.

Determining the procedure for distributing profits (income) of the cooperative belongs to the exclusive competence of the general meeting (clause 2, article 20 of the Federal Law "On Agricultural Cooperation"). The procedure for distributing the profits of the cooperative must be approved at the general meeting of the members of the cooperative within three months after the end of the financial year, the profit can be distributed only after the payment of taxes, fees and mandatory payments (clause 8, article 36 of the Federal Law "On Agricultural Cooperation").

Determination of the amount of cooperative payments as one of the actions for the distribution of profits, as well as the approval of the balance sheet, are within the exclusive competence of the general meeting of the cooperative (Article 20 of the Federal Law "On Agricultural Cooperation").

This provision significantly strengthens cooperative democracy. The losses and obligations of the cooperative are subject to distribution among the members of the cooperative, the amount of which is related to the size of the cooperative payments. The profit of the cooperative, determined by the balance sheet, is distributed as follows:

1) to the reserve fund and other indivisible funds provided for by the charter of the cooperative;

2) to make mandatory payments to the budget in accordance with the current legislation;

3) for the payment of dividends due on additional shares of associate members of the cooperative, the total amount of which should not exceed 30% of the profit of the cooperative to be distributed;

4) for cooperative payments.

When deciding on the amount of cooperative payments, the approved balance sheet is used for calculations.

Author: Zavrazhnykh M.L.

<< Back: Share contributions of members of the cooperative

>> Forward: Property liability of the cooperative

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ General theory of statistics. Lecture summary

▪ General foundations of pedagogy. Lecture notes

▪ History of psychology. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

Space launch record set 12.01.2019

Last year, China set an absolute record for the number of launches into space. According to Replyua.net with reference to China Daily, in 2018, the Chinese carried out 39 launches into space and overtook all other countries.

It is noteworthy that at the end of last year, China completed the same number of space launches as during the entire period of the 1990s. Experts also calculated that the Chinese made as many launches into space in 2018 as India, the European Union and Russia combined. However, now China still has a competitor. This is the United States. In 2018, the United States carried out 34 space launches. Recall that on January 11, the Chinese launched a communications and broadcasting satellite into orbit, which will be able to ensure the operation of broadband Internet. For China, this launch was the first this year. The rocket was launched from a spaceport in Sichuan province.

The satellite was developed by the Chinese Aerospace Science and Technology Corporation. It was launched into space using a Long March-3B launch vehicle. It should be noted that earlier China announced a large-scale lunar program in the coming years.

Other interesting news:

▪ Volkswagen Golf new generation

▪ 88-inch OLED 8K display from LG

▪ Superbread for weight loss

▪ Where did blue eyes come from

▪ Shatter-resistant glass based on mollusk shells

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ site section Computer devices. Article selection

▪ Khary's article. Popular expression

▪ article What is TNT equivalent? Detailed answer

▪ article Accountant of the commodity group. Job description

▪ article The principle of operation of halogen incandescent lamps. Encyclopedia of radio electronics and electrical engineering

▪ article Burglar signaling of yard utility rooms. Encyclopedia of radio electronics and electrical engineering

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews