Publication of the application of international accounting standards for enterprises covered by the financial undertaking (IFRS announcement for financial undertakings)

In accordance with section 183, paragraph 1. 6, and Section 373 (3). 4, in the law of financial activities, cf. Law Order no. 897 of 4. September 2008, as follows :

§ 1. The compost shall apply to establishments covered by the financial undertaking producing annual report according to the international accounting standards adopted by the Commission, cf. § 183, paragraph 1. 3 and 4, in the law of financial activities.

Paragraph 2. The announcement shall apply to the year and part reports.

Paragraph 3. If the company alone uses the standards referred to in paragraph 1. The executive account shall be applied only to the group accounts and not on the corporate accounts.

§ 2. Where provisions of the Act of Financial Company or Regulations issued pursuant to the Act 196 govern the same conditions as those adopted by the Commission adopted international accounting standards, establishments shall be subject to section 1 applying the standards in : the place of the provisions of the Act of Finance and in the Order of the Regulations, issued in accordance with the provisions of Article 196.

Paragraph 2. The five-year report shall be drawn up in accordance with the provisions of the international accounting standard adopted by the Commission on the presentation of part annual reports.

Paragraph 3. For undertakings whose annual report is to contain a group accounts, the half-yearly report shall contain a corresponding annual accounting accounting year in accordance with the provisions of this notice.

Paragraph 4. If the company publishes quarterly reports, paragraph 1 shall apply. 2 and 3 shall also apply to these. However, a parent undertaking shall not include its own accounts, so that the quarterly report only includes the group accounts on a quarterly basis.

§ 3. Companies covered by § 1 shall comply with section 183 (4). 1, sections 184, 185, 190, 191, 191, 195, 198-200 of the Act of Finance, cf. § 2.

Paragraph 2. § 183, paragraph 1. However, 1, sections 184, 190, 191 and 193-195 in the Act of Financial Act, shall not apply to the semi-annual report and any quarterly reports.

§ 4. Entities covered by Section 1, which are also covered by the notification of financial reports for credit institutions and intermediaries, etc., in the annual report, in addition to the provisions laid down by the Commission, international accounting standards, comply with sections 2, 3, 87 a, 118, 120-122, 125, 129, 131-135 and 144 of the aforementioned notice, cf. § 2.

Paragraph 2. The main and key figures, which must be reported in the annual report, cf. section 87 a in the notice of financial reports for credit institutions and the fund brokers and other funds shall be made in accordance with the accounting practice used in the annual report.

Paragraph 3. sections 2 and 3, section 148, paragraph 1. ONE, ONE. pkt., section 148, paragraph 1. 4 and 6 8, and section 148 (a), 2 and 3, in the notice of financial reports for credit institutions and brokerheads, etc. shall also apply to the half-yearly report and to any quarterly reports, cf. § 2.

§ 5. Companies covered by Section 1, which are also covered by the notice of financial reports for insurance undertakings and transverse pension funds, in the annual report, in addition to the provisions laid down by the Commission, international accounting standards, comply with sections 2, 3, 91 a, 96-98, 101, 102, 106, 108, 110-117, 120, 124-132 and 141 of the abovementioned notice, cf. § 2.

Paragraph 2. The main and key figures, which must be reported in the annual report, cf. Section 91 a in the notice of financial reports for insurance undertakings and transverse pension funds shall be made in accordance with the accounting practice used in the annual report.

Paragraph 3. § § 2 and 3, § 145, paragraph ONE, ONE. Pkt., section 145, paragraph. 3 and 5-7, and § 145 a (3). 2 and 3 in the notice of financial reports for insurance undertakings and transverse pension funds shall also apply to the semi-annual report as well as any quarterly reports, cf. § 2.

§ 6. The provisions relating to the binding of reserves in section 56 (3). 4, and § 61 (3). 3 and 4, in the notice of financial reports for credit institutions and brokers ' brokerers, etc., and section 53 (3). 4, section 58, paragraph. 3 and 4, and section 83 (3). 2, in the notice of financial reports for insurance undertakings and transverse pension funds shall apply mutatis mutations and inventions carried out in accordance with the provisions of the international law adopted by the Commission ; accounting standards.

Paragraph 2. Other, adjustments and depreciation of assets or depreciation and depreciation of obligations undertaken in accordance with the international accounting standards adopted by the Commission shall not be authorized in accordance with the provisions of paragraph 1. 1 mentioned announcements shall be added to the post-valuation reserve in the form of the own funds.

Paragraph 3. Paraguator 1 and 2 shall not apply in the preparation of the group accounts.

§ 7. Where, in the case of fusion or similar provisions in legislation, an opening balance is drawn up, this shall be drawn up in accordance with the international accounting standards adopted by the Commission, cf. however, paragraph 1 2.

Paragraph 2. Notwithstanding paragraph 1 1 the opening of opening balance, when required by law, shall be drawn up for the legal consecutive undertaking.

§ 8. Any difference between the accounting result and own funds in the company ' s annual annual report shall be prepared according to the international accounting standards adopted by the Commission and the corresponding amount of the corresponding electronic accounts, reported to the Financial supervision, must be reported.

Paragraph 2. The number of different amounts in accordance with paragraph 1 1 must be specified and explained by means of an indication of the conditions which result in the differences in respect of the amounts.

Paragraph 3. Promts the votes in accordance with paragraph 1. 1 and 2 of the company ' s annual report shall not, at the same time, have to be available in any other way, for example on the Internet address of the company ' s Internet address. The annual report must show how the public can get acquainted with the vote on this year's annual report.

§ 9. Intentional or gross negligence violation of section 2, section 3. 1, sections 4 and 5, section 6 (4). One and two, section 7, and 8 are punishable by fine.

Paragraph 2. Companies can be imposed on companies, etc. (legal persons) punishable by the rules of the penal code 5. Chapter.

§ 10. The announcement shall enter into force on 1. In January 2009, and for the first time, they shall apply to annual reports and partial annual reports relating to the financial years beginning on 1. January, 2009.

Paragraph 2. At the same time, notice No 1264 of 26. October 2007 on the application of international accounting standards for enterprises covered by law on financial activities. However, the announcement shall apply to annual reports and half-annual reports relating to the financial year 2008.