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Almost 2,000 items of equipment at the Supreme Court were ‘valued’ at 1 hryvnia — audit

Almost 2,000 items of equipment at the Supreme Court were ‘valued’ at 1 hryvnia — audit

Katerina Melnychenko Deputy Editor-in-Chief

07 July 2026, 14:00

Almost 2,000 items of equipment at the Supreme Court were ‘valued’ at 1 hryvnia — audit — For 1,952 items of fixed assets, the liquidation value was set at just 1 hryvnia

The Audit Office has identified another significant irregularity during its financial audit of the Supreme Court. The residual value of 1,952 items of fixed assets was set at just 1 hryvnia, even though these assets continue to be used in the institution’s day-to-day operations.

This is stated in the Report on the Results of the Financial Audit of the Supreme Court.

This includes computer equipment, furniture, machinery, vehicles and other tangible assets.

What the audit revealed

The Audit Office established that, as at 31 December 2025, the Supreme Court had set the liquidation value of 1,952 items of fixed assets at 1 hryvnia.

These included:

1,866 items of machinery and equipment;
34 vehicles;
44 items of tools, instruments and equipment;
8 other items of fixed assets.

Why the auditors consider this to be a problem

According to the Court of Auditors’ conclusion, setting a uniform residual value of 1 hryvnia for such a wide range of different assets is not in line with accounting principles.

The report states that the liquidation value should reflect the amount of funds or the value of other assets that the institution expects to receive upon the end of the asset’s useful life, less the costs of its disposal.

Instead, the Supreme Court applied the same approach to nearly two thousand different assets without providing individual economic justification.

What recommendations did the Audit Office make?

The auditors recommended that the Supreme Court develop a procedure for determining the residual value of fixed assets, with clear criteria for different groups of assets.

The court was also advised to review the established indicators and bring its accounting practices into line with the requirements of the National Accounting Standard for the Public Sector.

The Audit Office emphasises that the correct determination of the liquidation value affects the accuracy of depreciation calculations and the reliability of a public institution’s financial statements.

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