diff --git a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/codegen/FunctionCodegen.kt b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/codegen/FunctionCodegen.kt
index 63535a038f3..1961a298a42 100644
--- a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/codegen/FunctionCodegen.kt
+++ b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/codegen/FunctionCodegen.kt
@@ -156,18 +156,22 @@ class FunctionCodegen(
         }
 
         val isVararg = valueParameters.lastOrNull()?.varargElementType != null && !isBridge()
-        val modalityFlag = when ((this as? IrSimpleFunction)?.modality) {
-            Modality.FINAL -> when {
-                origin == JvmLoweredDeclarationOrigin.CLASS_STATIC_INITIALIZER -> 0
-                origin == IrDeclarationOrigin.ENUM_CLASS_SPECIAL_MEMBER -> 0
-                parentAsClass.isInterface && body != null -> 0
-                parentAsClass.isAnnotationClass -> if (isStatic) 0 else Opcodes.ACC_ABSTRACT
-                else -> Opcodes.ACC_FINAL
+        val modalityFlag =
+            if (parentAsClass.isAnnotationClass) {
+                if (isStatic) 0 else Opcodes.ACC_ABSTRACT
+            } else {
+                when ((this as? IrSimpleFunction)?.modality) {
+                    Modality.FINAL -> when {
+                        origin == JvmLoweredDeclarationOrigin.CLASS_STATIC_INITIALIZER -> 0
+                        origin == IrDeclarationOrigin.ENUM_CLASS_SPECIAL_MEMBER -> 0
+                        parentAsClass.isInterface && body != null -> 0
+                        else -> Opcodes.ACC_FINAL
+                    }
+                    Modality.ABSTRACT -> Opcodes.ACC_ABSTRACT
+                    // TODO transform interface modality on lowering to DefaultImpls
+                    else -> if (parentAsClass.isJvmInterface && body == null) Opcodes.ACC_ABSTRACT else 0
+                }
             }
-            Modality.ABSTRACT -> Opcodes.ACC_ABSTRACT
-            // TODO transform interface modality on lowering to DefaultImpls
-            else -> if (parentAsClass.isJvmInterface && body == null) Opcodes.ACC_ABSTRACT else 0
-        }
         val isSynthetic = origin.isSynthetic ||
                 hasAnnotation(JVM_SYNTHETIC_ANNOTATION_FQ_NAME) ||
                 isReifiable() ||
diff --git a/plugins/allopen/allopen-cli/test/org/jetbrains/kotlin/allopen/BytecodeListingTestForAllOpenGenerated.java b/plugins/allopen/allopen-cli/test/org/jetbrains/kotlin/allopen/BytecodeListingTestForAllOpenGenerated.java
index 9fb66f3ddc8..26aa87888e6 100644
--- a/plugins/allopen/allopen-cli/test/org/jetbrains/kotlin/allopen/BytecodeListingTestForAllOpenGenerated.java
+++ b/plugins/allopen/allopen-cli/test/org/jetbrains/kotlin/allopen/BytecodeListingTestForAllOpenGenerated.java
@@ -39,6 +39,11 @@ public class BytecodeListingTestForAllOpenGenerated extends AbstractBytecodeList
         runTest("plugins/allopen/allopen-cli/testData/bytecodeListing/alreadyOpen.kt");
     }
 
+    @TestMetadata("annotationMembers.kt")
+    public void testAnnotationMembers() throws Exception {
+        runTest("plugins/allopen/allopen-cli/testData/bytecodeListing/annotationMembers.kt");
+    }
+
     @TestMetadata("anonymousObject.kt")
     public void testAnonymousObject() throws Exception {
         runTest("plugins/allopen/allopen-cli/testData/bytecodeListing/anonymousObject.kt");
diff --git a/plugins/allopen/allopen-cli/test/org/jetbrains/kotlin/allopen/IrBytecodeListingTestForAllOpenGenerated.java b/plugins/allopen/allopen-cli/test/org/jetbrains/kotlin/allopen/IrBytecodeListingTestForAllOpenGenerated.java
index 8de3846a346..cdac8532697 100644
--- a/plugins/allopen/allopen-cli/test/org/jetbrains/kotlin/allopen/IrBytecodeListingTestForAllOpenGenerated.java
+++ b/plugins/allopen/allopen-cli/test/org/jetbrains/kotlin/allopen/IrBytecodeListingTestForAllOpenGenerated.java
@@ -39,6 +39,11 @@ public class IrBytecodeListingTestForAllOpenGenerated extends AbstractIrBytecode
         runTest("plugins/allopen/allopen-cli/testData/bytecodeListing/alreadyOpen.kt");
     }
 
+    @TestMetadata("annotationMembers.kt")
+    public void testAnnotationMembers() throws Exception {
+        runTest("plugins/allopen/allopen-cli/testData/bytecodeListing/annotationMembers.kt");
+    }
+
     @TestMetadata("anonymousObject.kt")
     public void testAnonymousObject() throws Exception {
         runTest("plugins/allopen/allopen-cli/testData/bytecodeListing/anonymousObject.kt");
diff --git a/plugins/allopen/allopen-cli/testData/bytecodeListing/annotationMembers.kt b/plugins/allopen/allopen-cli/testData/bytecodeListing/annotationMembers.kt
new file mode 100644
index 00000000000..a63f037b43f
--- /dev/null
+++ b/plugins/allopen/allopen-cli/testData/bytecodeListing/annotationMembers.kt
@@ -0,0 +1,18 @@
+// WITH_RUNTIME
+
+annotation class AllOpen
+
+annotation class Plain(val name: String, val index: Int) {
+    companion object {
+        @JvmStatic val staticProperty = 42
+        @JvmStatic fun staticFun() {}
+    }
+}
+
+@AllOpen
+annotation class MyComponent(val name: String, val index: Int) {
+    companion object {
+        @JvmStatic val staticProperty = 42
+        @JvmStatic fun staticFun() {}
+    }
+}
diff --git a/plugins/allopen/allopen-cli/testData/bytecodeListing/annotationMembers.txt b/plugins/allopen/allopen-cli/testData/bytecodeListing/annotationMembers.txt
new file mode 100644
index 00000000000..672efa422f2
--- /dev/null
+++ b/plugins/allopen/allopen-cli/testData/bytecodeListing/annotationMembers.txt
@@ -0,0 +1,58 @@
+@java.lang.annotation.Retention
+@kotlin.Metadata
+public annotation class AllOpen {
+    // source: 'annotationMembers.kt'
+}
+
+@kotlin.Metadata
+public final class MyComponent$Companion {
+    // source: 'annotationMembers.kt'
+    synthetic final static field $$INSTANCE: MyComponent$Companion
+    private final static field staticProperty: int
+    static method <clinit>(): void
+    private method <init>(): void
+    public synthetic deprecated static @kotlin.jvm.JvmStatic method getStaticProperty$annotations(): void
+    public final method getStaticProperty(): int
+    public final @kotlin.jvm.JvmStatic method staticFun(): void
+    public final inner class MyComponent$Companion
+}
+
+@AllOpen
+@java.lang.annotation.Retention
+@kotlin.Metadata
+public annotation class MyComponent {
+    // source: 'annotationMembers.kt'
+    public final static @org.jetbrains.annotations.NotNull field Companion: MyComponent$Companion
+    static method <clinit>(): void
+    public static method getStaticProperty(): int
+    public abstract method index(): int
+    public abstract method name(): java.lang.String
+    public static @kotlin.jvm.JvmStatic method staticFun(): void
+    public final inner class MyComponent$Companion
+}
+
+@kotlin.Metadata
+public final class Plain$Companion {
+    // source: 'annotationMembers.kt'
+    synthetic final static field $$INSTANCE: Plain$Companion
+    private final static field staticProperty: int
+    static method <clinit>(): void
+    private method <init>(): void
+    public synthetic deprecated static @kotlin.jvm.JvmStatic method getStaticProperty$annotations(): void
+    public final method getStaticProperty(): int
+    public final @kotlin.jvm.JvmStatic method staticFun(): void
+    public final inner class Plain$Companion
+}
+
+@java.lang.annotation.Retention
+@kotlin.Metadata
+public annotation class Plain {
+    // source: 'annotationMembers.kt'
+    public final static @org.jetbrains.annotations.NotNull field Companion: Plain$Companion
+    static method <clinit>(): void
+    public static method getStaticProperty(): int
+    public abstract method index(): int
+    public abstract method name(): java.lang.String
+    public static @kotlin.jvm.JvmStatic method staticFun(): void
+    public final inner class Plain$Companion
+}