Key Benefits:
Section I | Scope of application |
Chapter 1 | They covered business and reports |
TITLE II | Annual report |
Chapter 2 | Classification and Setting |
Chapter 3 | Inserting and measurement |
Chapter 4 | Note information |
Chapter 5 | Management Report |
TITLE III | Corporate Accounts and acquisitions |
Chapter 6 | Construction of group accounts |
Chapter 7 | Corporate takeovers and mergers and so on |
TITLE IV | Partial reports |
Chapter 8 | Preparation of the semi-annual report |
Section V | Criminal provisions and entry into force and transitional provisions |
Chapter 9 | Penalty provisions |
Chapter 10 | Entry into force and transitional provisions |
Appendix 1 | Definitions |
Appendix 2 | Balance Schema |
Appendix 3 | Results of the resulting recovery scheme for life assurance undertakings |
Appendix 4 | Indemnification scheme for damage insurance undertakings |
Appendix 5 | Result statement schema for conglare |
Appendix 6 | Concepts used by transverse pension funds |
Appendix 7 | Measurement of the property's daily value |
Appendix 8 | Specification of the information requirements in section 100 (3). 4, 5, and 8, as well as in section 101 |
Appendix 9 | Summary of the main and key figures for enterprises operating life assurance |
Appendix 10 | Five-year overview of the main and key figures for companies operating non-life-insurance undertakings |
Appendix 11 | Specification of assets and their return |
Appendix 12 | Rules for the fulfilment of the table in Appendix 11 |
Appendix 13 | Schema for sensitivity information, cf. § 126 |
Appendix 14 | Table of Contents |
Publication of financial reports for insurance undertakings and transverse pension funds 1
In accordance with section 188 (4), 3, section 192, section 196 (4). 1-3, and section 373, paragraph 3. 4, in the law of financial activities, cf. Law Order no. 182 by 18. February 2015 :
Section I
Scope of application
Chapter 1
They covered business and reports
§ 1. This notice shall apply to the following undertakings :
1) Insurance companies.
2) Pension funds covered by the Act of financial activities (transverse pension funds).
3) Insurance and financial holding companies, whose activities are exclusively or primarily to own holdings of insurance undertakings.
Paragraph 2. Corporate accounts, which shall be settled according to the international accounting standards drawn up by the International Accounting Standards Board and approved by the Commission, cf. § 183, paragraph 1. 3-5, in the field of financial activities, is covered only by the provisions relating to matters that are not regulated in the aforementioned international accounting standards.
Paragraph 3. Interdisciplinary pension funds shall use the concepts listed in Annex 6 instead of the terms set out in the notice of the notice.
§ 2. Businesses covered by Section 1 (1). 1, for each financial year, prepare and publish an annual report, cf. Section 183 of the Act of Financial Business, and a half-yearly report. The annual and half-yearly report shall contain the group accounts if it is followed by sections 133-135.
Paragraph 2. The annual and semi-annual report shall be written in Danish or English.
§ 3. A financial statement that a company is preparing exclusively for its own use is not an annual report or a half-yearly report following that notice. Dees a business a financial statement that is not an annual report or a semiannual report following this notice or following international accounting standards, cf. Section 1 (1). It may not be referred to as a yearly report or half-yearly report, and it must also appear in the form and content of such a way that it could not be confused with a financial statement following this notice or by international accounting standards.
TITLE II
Annual report
Chapter 2
Classification and Setting
General provisions
§ 4. Balance and profit and loss account must be drawn up in schematic form in accordance with the Annexes 2-4.
Paragraph 2. The entries in Annexes 2, 3 and 4 shall be entered separately and in the order indicated in the order. If the structure of the storage tables is maintained, a more detailed breakdown may be made if the amount in the new sub-post is essential and if the nature or function of the subitem is different from other items. New items may be added if the amount of such material is essential and if the nature or function of the new item is different from the other items.
Paragraph 3. Items that contain only insignificant amounts may be combined with other items of the same type or function. This shall not apply to subheadings to the following items :
1) Appendix 2 : Post III, Provisions for insurance and investment contracts, in total, on the passivside of the balance sheet.
2) Appendix 3 : Mail 1, Introdumier f.e.sir, in total, post 5 , Insurance services for example, sir, in everything, and item 6, For example, change in life assurance provision, sir, in total, in the profit and loss account.
3) Appendix 4 : Post 1, Pre-miereceipts, for example, in everything, and item 3, Substitution Expense, for example, in total, in the profit and loss account.
§ 5. In each item in balance, profit and second total income, the corresponding amount for the previous financial year shall be accompanied by an equivalent view of the previous year before. If the items are not directly comparable with previous year's records, the latter must be adapted. However, the company may refrain from adjusting comparison figures if it is not practicable. Lack of comparability or adjustment must be stated and duly justified in the notes on the accounts, cf. § 90.
Paragraph 2. Posts in balance sheet and profit and loss account which do not contain any amounts shall be included only if the preceding annual accounts contain such a record.
Paragraph 3. Paraglications 1 and 2 shall apply mutatis muted to notes information, unless otherwise specified in this notice.
Balance
Common provisions
§ 6. Under Asset Item 1 Operating Fund , in the case of material fixed assets, other than land and buildings, and assets in temporary possession, cf. § 10. The mail also includes assets derived from financial leases at leases and assets derived from operational leases in leasing. In addition, the mail comprises the entry-enabled costs of leased premises.
§ 7. Under Asset Items 4.2, Loans to affiliated undertakings , and 4.4, Loans for affiliated undertakings, the responsible loan capital and other long-term loans to the undertakings concerned shall be charged. Other claims owed to the undertakings concerned shall be entered under item 10 or asset item 11 or under any other item under which the claims are the responsibility of the holder of the contract. Inserts among the assets locations in affiliated or associated undertakings which are not listed under items 4, 10 or 11, this must be reported in a note with the amount of the amount.
§ 8. Asset 6, Reinsurance deposits is used by undertakings operating indirect insurance and are used for the amounts due under reinsurance claims being held by cedents. The mail shall not be entered in the post of assets owned by the reinsurance undertaking and laid down for the requirements of cedenceal security.
§ 9. Under Asset record 7, Reinsurance units for translations for insurance contracts, in total, the current value of the payment flows that relates to reinsurance contracts shall be recorded.
§ 10. Under Asset Item 13, Assets in Temporary Tenure , material fixed assets or groups of material fixed assets and subsidiaries and affiliated undertakings that are only temporarily in the company's possession and waiting for sale within a short period of time, and where a sale is very likely. A sale is very likely, if
1) corporate management actively seeks a buyer for the assets,
2) the assets are offered at a price that is in a reasonable proportion to the value of the assets, and
3) The assets are expected to be sold within 12 months.
§ 11. Under Passivpost 8, A surplus capital, obligations which meet the criteria to be included in the capital base under the rules laid down in the publication of the capital base shall be entered into.
Paragraph 2. Under Passivoutpost 9, Other responsible loan capital , (if any), debt obligations (if any) in the case of the issue of securities, on which it is applicable that the creditor ' s claim resides in respect of all other creditor requirements ; in the post, membership accounts shall be entered in cross-disciplinary pension funds and mutual insurance undertakings.
§ 12. Expenditure incurred before the balance-sheet date but which relate to the following years shall be recorded during the period of demarcation of assets in the assets. Revenue which have been concluded before the balance sheet date but which relate to the following years shall be recorded during the period demarcation items in the passives. This does not apply, however, to the award of premiums, unless the insurance period begins after the closure of the financial year.
Paragraph 2. Expenditure, however, not insurance benefits which relate to the financial year but will not be paid until the subsequent years shall be paid in debt. Revenue relating to the financial year, but which are only paid after the balance-sheet date, must be shown in the accounts receipts. However, accrued, undue interest and earned, unforfeit rent shall be entered under Asset at 18, Accounts receivable and rent-a-rent.
Paragraph 3. Where the expenditure or revenues referred to in paragraph 1 are referred to in paragraph 1. 1 and 2 are of major importance, they must be explained in the notes on the accounts.
§ 13. Under Passivoutpost IV, Total Commitable Responsibilities , obligations that are not certain as regards the size or time of running, cf. sections 72 and 73 and section 76 (3). 2.
Paragraph 2. Commitment commitments may not be used to regulate the value of assets.
§ 14. Passive mail V, Reinsurance deposits , used by cedences to the amounts due that the company has withheld or received from reinsurance in accordance with reinsurance contracts. The mail shall not be entered into, owned by reinsurance, owned by reinsurance and are required to ensure the company ' s requirements.
Life insurance
§ 15. Under Passivoutpost 10, Life Insurance Provisions , the current value of the total future in and outbound payments, which is expected to be derived from the life insurance and investment contracts that the undertaking has entered into with the risk of the risk.
§ 16. Below Passivpost 11, Desertion Margin , the anticipated future profit of your life insurance and investment contracts shall be recorded.
§ 17. (Unused).
§ 18. If the undertaking has issued both the average interest products and market interest products, which each of which are significant, item 10 shall be divided into account ; Life Insurance Provisions , in two lines of the balance that contains the amounts relating to the two product types.
Paragraph 2. If item 10, Life assurance provision, are broken down as referred to in paragraph 1. 1, the investment assets associated with the stock of market interest products collected under item IV shall be included ; Investments associated with market interest products The assets are specified according to the nature of the balance sheet or in a note.
§ 19. (Unused).
Damage Insurance
20. Under Passivpost 8, Premiehensions , the current value of the expected payment flows led by future insurance events and administration in the non-elapsed parts of the risk periods for the non-life insurance contracts concluded by the undertaking, cf. § 69 and 69 a.
§ 20 a. Under Passivoutpost 9, Deserent margin of damage insurance contracts , the expected profits shall be shown in the non-elapsed parts of the risk periods for the non-life insurance contracts concluded by the undertaking. The mail is not used for the assurances in which the premium provisions are discharged in accordance with the simplified method in section 69 (a).
§ 21. Below passivoutpost 12, Replacement provision, the current value of the expected future payment flows led by insurance events in the financial year or earlier, cf. § 70.
§ 21 a. Below Passivpost 13, Hazard Insurance Contracts Risk , the amount expected to be paid by the undertaking would have to pay another assurance undertaking that this will inherit the risk of the costs of liquidating the company ' s liability contracts deviating from the amount referred to in the Commission ; under the passivposters 8 and 12, Premiehensions and Claims for claims .
Score statement
Provisions common to non-life insurance and life insurance
§ 22. Under the post. Income from affiliated undertakings it shall be entered into the capital shares corresponding to the income from affiliated undertakings in the form of dividending and value regulation.
Paragraph 2. Under the post. Income from affiliated undertakings it shall be entered into the capital shares corresponding to the income from affiliated undertakings in the form of goods and value regulation.
Paragraph 3. Under the post. Investes on investment outlet the profits or deficits shall be shown in the operation of the company ' s investment outlet. The amount shall be entered after deduction of the costs of property management and before deduction of the interest rates entered in the post ; Interest Expense The value of the investment in the value of investment shall not be entered in the mail ; Investes on investment outlet but under the mail? CursAdjustments .
Paragraph 4. Under the post. Interest income and yield and so on. interest and interest-like income of debt securities, other securities, loans, deposits, loans and receipts, including index adjustment of index bonds. Furthermore, the profits of capital units shall be entered into, unless the amounts fall within the entries of the entries from affiliated undertakings and the income from affiliated undertakings.
Paragraph 5. Under the post. CursAdjustments the total value regulation, including exchange rate adjustment, and net gains and net losses in the sale of domictable property and assets falling within the group of investment assets in the balance sheet. Exempted from here is value adjustments related to affiliated and associated companies, cf. paragraph 1 and 2, as well as exchange rate adjustment of goodwill, which is to be included in the second total income, cf. § 42, paragraph. Seven and eight.
Paragraph 6. Under the post. Investment business management costs the costs incurred in trade and management of the investment assets of the undertaking, cf. however, paragraph 1 3.
-23. Under the main post Insurance operating expenses, for example, sir, in total, , the costs associated with acquiring and managing the company ' s stock of insurance and investment contracts, including the corresponding proportion of staff costs, commissions, marketing costs, rent, operating costs relating to domicilejendous, stationery and office and of-and depreciation of material and intangible assets, except depreciation of goodwill, cf. § 142.
Paragraph 2. The proportion of the cost of the insurance operations to be applied to the acquisition and renewal of the stock of insurance and investment contracts shall be entered in the post ; Acquisition costs.
Paragraph 3. If the undertaking has been granted the acquisition and / or administrative tasks for affiliated undertakings, which are charged on a cost-wide basis, the payment received may be shown as a deduction in the main post. The fraception shall be shown under a separate subheading (hereinafter called) Reimbursement from affiliated undertakings.
§ 24. Under the main posts Other revenue / costs the revenue and costs of the agency ' s undertaking, other ancillary activities, administration for other companies and other revenue and costs which may not be attributable to the insurer ' s insurer ' s ; or investment assets. However, the income and costs of administration for affiliated undertakings may be entered in the post ; Insurance operating costs, for example, cf. Section 23, paragraph 1. 3. the amounts are below the posters Other revenue / costs of major importance, must be explained in a note.
§ 25. Under the main post Tax the tax to be borne by the result of the year, cf. However, § 34.
Life insurance
SECTION 26. Under Sub-Mail 1.1, Gross premiums , the amount of direct and indirect insurance contracts that have occurred during the financial year shall be charged and the premium on investment contracts with a right to a bonus. Gross premiums are recorded with deductions of the rigrandised premium amount and exclusivity charges, together with the public authorities. In the case of coassurance, the proportion of the total premium that relates to the company is included.
Paragraph 2. Under Subheading 1.2, Disclosed Insurance Premier the amount of the insurance undertaking in respect of the financial year has been paid or has been reinsurance undertakings responsible for reinsurance cover.
Paragraph 3. Under the heading 1, Introdumier f.e.Sir, i alt , the result of items 1.1 and 1.2 shall be recorded.
§ 27. Under heading 3, Pension Tax Tax , the pension tax that relates to the financial year, regardless of whether the tax is timely or not, is to be paid in subsequent periods.
§ 28. Under Sub-post 4.1, Paid benefits , the amounts for the direct insurance contracts and investment contracts with a right to a bonus in the accounting year are paid ;
1) Insurance sums for death,
2) an insurance sum of critical disease ;
3) insurance sums on invalidity,
4) the amount of insurance in the end
5) pension and interest services ;
6) withdrawals,
7) in cash paid out of bonuses and
8) insurance premiums and payments paid for the undertaking ' s indirect insurance contracts ;
Paragraph 2. Equation of own funds for members in member-owned undertakings may not be treated as part of the paid benefits or otherwise included in the profit and loss of income.
Paragraph 3. Paragraph 1, no. 8 shall include insurance premiums paid by the company to other insurance undertakings for insurance cover for insurance operators. In addition to the provisions of paragraph 1, In the case of item 4.1, expenditure for re-examination and health care costs may be charged for insured when the expenditure is incurred to avert an invalidity allowance in the specific case.
Paragraph 4. Under Subheading 4.2, Received Reinsurance Recovery , received or receipts received from the company ' s reinsurance payments to cover insurance services in accordance with reinsurance contracts.
Paragraph 5. Under the heading 4, Insurance services for example, sir, in total, the result of subpotots 4.1. -4.2.
§ 29. Under Sub-line 5.1, Change in life assurance provision , the difference between the value of the life assurance claims at the beginning of the financial year and the end, except for the part thereof relating to the payment of investment contracts, without a bonus, is shown.
-$30. (Unused).
§ 31. Under heading 9, Inherit ROI , the share of the investment return on the capital of own funds and the business and accident-insurance business.
§ 32. Under item II, Insurance / accident insurance (s) the result of the business ' s disease and accident-insurance business. The mail shall be specified in a note in accordance with the results of the indemnication of indemnification, points 1 to 6 of Annex 4, and a further item of mail ; Return on investment where the total of the total investment return on the sick and accident insurance undertaking, including the part of changes in claims for claims and reinsurance, of claims for claims and reinsurance in respect of compensation for claims and changes shall be recorded in the case of the accident insurance undertaking. premium provisions and reinsurance shares of premiums for sick and accident insurance undertakings which may be applied to term abbreviations, exchange rate differences and changes in the rate of disc used. The return on investment shall be entered in accordance with the deduction of the interest-rate interest rate, cf. § 36.
§ 33. Under heading 10, Investment return on capital , the proportion of the investment return on own funds shall be recorded.
§ 34. In non-corporate taxable companies, they shall be shown under the heading of 13, Tax the proportion of the pension tax which may be placed on the property of the own funds. In that case, the mail shall be called Pension tax return tax for own funds .
Damage Insurance
$35. Under Sub-Mail 1.1, Gross premiums The premiums shall be entered into which are due in the financial year for direct and indirect insurance. Gross premiums are recorded in the deduction of the premium, bonuses and premiums paid by policyholders independently of the damage flow, and the deduction of levies to public authorities charged with the premiums. In the case of coassurance, the proportion of the total premium that relates to the company is included.
Paragraph 2. Under Subheading 1.2, Disclosed Insurance Premier the amount of the insurance undertaking paid to or has been reinsurance undertakings responsible for reinsurance cover has been paid up.
Paragraph 3. Under item 1.3, Change in premium provisions , the difference between the gross premiums shall be shown at the beginning and end of the accounting year, cf. 20.
Paragraph 4. Under Subheading 1.4, Change in Merit Margin , the difference between the profit margin in damage insurance contracts at the beginning and end of the accounting year shall be shown, cf. § 20 a.
Paragraph 5. Under Sub-Mail 1.5, Change in reinsurance share of premium provisions , the difference between the proportion of the premium provisions which may be attributing to reinsurance cover at the beginning and end of the accounting year shall be shown.
Paragraph 6. The proportion of the difference in accordance with paragraph 1. 3-5 which may be attributed to maturity abbreviation, currency conversion differences and changes in the rate of dilation used shall not be listed under items 1.3. -1.5, but under item 6, Insurance and curriment of technical provisions .
Paragraph 7. Under the heading 1, IntrodumieRevenue, for example, in total, the result of the subposters 1.1. -1.5.
§ 36. Under heading 2, Insurance and sanitary interest , for example, a calculated interest rate return of the year's average premium provision for the year, for example, when these have been completed in accordance with section 69 (a). As interest rates, the rates referred to in section 65 a of the average over the financial period shall be used as an average over the financial period to the expected deviation time of the referrers. An amount equal to the calculated return on returns is dedugated under item 8, Insurance and curriment of technical provisions .
Paragraph 2. In companies operating indirect business, the part of the technical provisions which are matched by genetic insurance deposits shall not be part of the calculation basis in accordance with paragraph 1. 1. The interest of the year of the year of the reinsurance deposits shall be included in the amount under item 2, Insurance and sanitary interest .
§ 37. Under Sub-line 3.1, Repaid Replacement the amounts paid for insurance claims for the financial year are to be collected. The amount shall contain internal and external costs for inspection and assessment of the damage, expenditure on the control and reduction of the damage caused, as well as other direct and indirect costs associated with the treatment of the damage caused by implosion. Paid replacements shall be entered after deduction of amounts received as a result of the undertaking ' s inheritance of insured values or entry into the rights of the insured in the payment of the claims.
Paragraph 2. Under Subheading 3.2, Received Reinsurance Recovery the amount received from the company ' s re-insurers to cover deposited damages in accordance with reinsurance contracts shall be entered in the financial year.
Paragraph 3. Under Subline 3.3, Change in Claims Claims , the difference between the claims for damages at the end of the accounting year and the beginning, cf. § 21.
Paragraph 4. Under Subheading 3.4, Change in reinsurance portion of claims for claims , the difference between the amount of the replacement reserve provisions may be attributable to the reinsurance cover at the end of the accounting year and the beginning of the accounting year.
Paragraph 5. The proportion of the difference in accordance with paragraph 1. 3 and 4, which may be attributed to maturity abbreviation, currency conversion differences and changes in the rate of disc used, shall not be recorded under headings 3.3 and 3.4, but under item 8, Insurance and curriment of technical provisions .
Paragraph 6. Under heading 3, Substitution charges, for example, , Total, the result of the subpotots 3.1. -3.4.
§ 38. Under heading 5, Bonus and premium rates , the amount of the premium paid or repaid to policyholders shall be recorded when the amount of the refund is determined on the basis of the damage to the financial year on the individual insurance contract or a stock of : the insurance contracts based on criteria laid down prior to the opening of the accounting year or by drawing up the contract of insurance contracts.
Ghosts on own funds
§ 39. Movement on the own funds shall show :
1) The total total income of the sum of the results for the period and the second total income.
2) The effect of changes in the accounting practice and error corrections for each item under the own funds, cf. § § 84 and 86.
3) For each item under own funds, the amount shall be shown at the beginning of the period and at the end of the period on the date of the changes that :
a) The end of the period,
b) other total income ;
c) the capital transfers or reductions, including the purchase and sale of own shares ; and
d) the encoding to owners.
Chapter 3
Inserting and measurement
Balance
General provisions
§ 40. The balance consists of depositable assets, enrained liabilities, including committed commitments, and own funds, which make up the difference between these assets and obligations. For liabilities, the sum of own funds and the commitments entered into shall be :
§ 41. An asset must be taken into balance when it is likely that future economic advantages will flow to the establishment and the value of the asset can be assessed in a reliable way.
Paragraph 2. A commitment must be included in the balance when it is likely that future economic advantages will dismiss the company, and the value of the commitment can be assessed in a reliable way.
Paragraph 3. When taking account and measurement of assets and liabilities, account shall be taken of the information that emeralas from the balance day, but before the accounts are prepared if-and only if-the information confirms or dissence matters that have occurred at the latest ; Balanced day.
§ 41 a. The value of an asset or commitment is the notated price of an active market for the active or undertaking concerned.
Paragraph 2. If an active market is not present, the daily value is measured using an appropriate valuation technique involving all available data to be taken into consideration by market participants, by applying price fixing ; the relevant observing data is maximized and the use of non-observing data is minimized.
§ 42. Transactions carried out in a currency other than the company ' s functional currency shall be converted into the functional currency after the exchange rate of the transaction date.
Paragraph 2. Monetary items in a currency other than the operation of the establishment ' s functional currency shall be converted into the functional currency of the currency of the currency on balance the day of the balance.
Paragraph 3. Non-monetary items in a currency other than the company ' s functional currency shall be converted into the functional currency of the transaction date on the day of the transaction, if the entry is calculated on the basis of the cost price.
Paragraph 4. Non-monetary items in a currency other than the company ' s functional currency shall be converted into the functional currency of the litany on the balance day, if the mail is calculated on the basis of the daily value.
Paragraph 5. Paragracs 1 to 4 shall apply to a foreign entity whose activities are included in the accounts and which have a functional currency deviating from the functional currency of the accounting department.
Paragraph 6. Exchange rate differences arising from the disposal of assets or the dismantling of obligations covered by paragraph 1. 2-4 or re-enumeration in accordance with paragraph 1. 1-4 shall be included in the profit and loss account.
Paragraph 7. Deviates the currency of a company or a foreign entity's functional currency, the currency or the functional currency (s) of the presentation currency according to the following rules :
1) Result set-up items are converted into the currency exchange rate on the transaction day.
2) Balance records are converted into the luckurst on the balance day.
Paragraph 8. Exchange rate differences incurred in the conversion of the provisions of paragraph 1. 7 is included in the second total income, cf. § 83, paragraph. 2, and transferred to a separate item under the own funds.
Niner. 9. In exceptional circumstances, the financial supervision may allow the presentation of the financial presentation to a currency other than the Danish kroner or the euro, in accordance with the provisions of the Danish Kroner. Section 192 of the Act of Financial Business.
Financial Instruments
§ 43. Financial assets and financial commitments are included in the balance when the undertaking becomes subject to the contractual provisions of the financial instrument.
§ 44. A financial asset that has been sold or otherwise transferred to another party shall cease to be in the balance sheet. Part of a financial asset must cease to be in the balance if it has been sold or transferred a uniquely defined share of the asset.
Paragraph 2. In the case of the purchase or sale of financial assets on the usual market conditions, the company may opt in a uniform way for all purchases and sales to calculate and discredit the assets in the balance either on the trade date or on the date of the settlement.
Paragraph 3. If the commercial date is used as the date of entry, cf. paragraph 2 shall be taken into account at the same time as the financial asset ' s financial asset shall be equal to the agreed price. Similarly, in the case of the sale of a financial asset, an asset corresponding to the agreed price. This obligation, or this asset, will cease to be included in the balance of the settlement date.
Paragraph 4. For the purposes of the settlement date as the date of entry, cf. paragraph 2, changes to the value of the acquired or sold active during the period between the date of trade and the settlement date shall be considered as a financial asset or a financial commitment. For an asset, which is measured at cost or amortised cost, value changes are included in the period between the date of trade and the settlement date not.
Paragraph 5. Notwithstanding paragraph 1 1 shall be given a financial asset to be transferred in a way that involves the undertaking to significantly maintain the risk and access to the yield (payments flows) associated with the asset, retained in the balance sheet. In such a transfer, a financial commitment shall be taken equal to the payment received in the transfer.
§ 45. Financial commitments cease to be in the balance when-and only when-the commitment ceases. That is, when the duty stated in the contract has been fulfilled, cancelled or expired.
§ 45 a. Regardless of the ban on set-off in section 188, paragraph 1. 1, no. 8, in the Act of financial activities, financial assets and financial commitments shall be offset and presented with the net amount of the net solution where the following conditions are met :
1) The company shall have the right to offset against the other side and
2) the undertaking intends to dispose of the asset and liquidate the obligation on the set-off or disposable asset and liquidate the obligation at the same time.
§ 46. Funding instruments must be measured at the time of the first entry.
Paragraph 2. Financial obligations as well as loans and receivables, which shall be continuously measured at the cost of the ammortised cost, cf. Section 48 and 49 shall, however, at the first introduction shall be measured to the daily value of the transaction costs and deduction of the fees received and commissions directly related to the acquisition or issuance of the financial instrument.
§ 47. Financial instruments shall be continuously measured on an on-going basis to a daily basis.
Paragraph 2. Unotated capital shares must, where their daily value cannot be measured reliably, must be measured at the cost of deduction of preciotions, cf. paragraph The equivalent shall apply to derivative financial instruments, the value of which is derived from such capital units.
Paragraph 3. Where an objective indication of degradation has been made, financial assets shall be subject to paragraph 1. 2 shall be written down by the difference between the accounting value and the present value of the expected future payments discredited with the current market interest rate for similar financial assets. Such depreciation shall not be rewritten.
§ 48. Non-derived financial commitments may, irrespective of section 47 (s), 1, after the first recording, the timing of the amortized cost, provided that it is not a question of :
1) measurement of daily value eliminates or significantly reduces a measure or inconsistencies, which would otherwise occur because of the measurement or on the basis of different bases,
2) the corresponding commitments are part of a risk-management system or an investment strategy based on day values and are included on this basis in the company ' s internal management reporting, or
3) the undertakings concerned contain an intrinable financial instrument, which :
a) substantially change the cash flow of the obligations in question and
b) alternatively, it would have to be parted and measured separately to day value.
Paragraph 2. Financial obligations, as provided for in paragraph 1. 1 is measured for the amortised cost, cannot subsequently be measured to day value.
§ 49. The loans and receirets may, however, notwithstanding section 47, paragraph 1. 1, after the first recording, the timing of the amortized cost, provided that it is not a question of :
1) measurement of daily value eliminates or significantly reduces a measure or inconsistencies, which would otherwise occur because of the measurement or on the basis of different bases,
2) the loans and receipts in question are part of a risk-management system or an investment strategy based on day values and are included on this basis in the company ' s internal management reporting, or
3) the loans and receidits in question contain a built-in financial instrument, which :
a) substantially change the cash flow of the loans in question and receip; and
b) alternatively, it would have to be parted and measured separately to day value.
Paragraph 2. Loans and receibuts, as provided for in paragraph 1. 1 is measured for the amortised cost, cannot subsequently be measured to day value.
Paragraph 3. Where an objective indication of value degradation has been made, the loans and the loans referred to in paragraph 1 shall be subject to the granting of an objective basis. 1 is written in the difference between the accounting value and the present value of the expected future payments discredited with the original efficient interest rate of the loan or the assets of the debit. If a subsequent event beefs the degradation of values in whole or in part, the depreciation shall be reversed accordingly. The return shall be taken into account in the profit and loss account.
$50. (Unused)
§ 51. (Unused)
§ 52. Own shares and other own self-capital instruments are not considered to be an asset, acquisitions or sale of own shares and other own self-capital instruments shall be considered as a change in own funds. An obligation to purchase own own funds instruments is included as an obligation of the same size as the agreed carnip.
Paragraph 2. Own debt instruments are not included as an asset, any purchase or sale of own debt instruments shall be taken into account as a change in the obligation in question.
Data Buses and Associated Companies
§ 53. Parts of subsidiaries and affiliated undertakings shall be included and measured to the accounting internal value of the business. The internal value of the companies shall be reinvented according to the accounting practice of the accounting firm.
Paragraph 2. The sum of the shares corresponding to the shares of the associated and associated undertakings shall be shown in the profit and loss account in the post, Income from affiliated undertakings, the post, Income from affiliated undertakings.
Paragraph 3. The accounting value of the capital shares shall be rewritten or written down in the accounts referred to in paragraph 1. The amounts referred to in Article 2 (2), as well as the possible adjustments to the accounting internal value of the associated and associated undertakings, which have been carried out as a capital movement in the associated and associated undertakings. In exchange for the parent company, the company must be deducted from the accounting internal value of the affiliated and associated companies.
Paragraph 4. An amount corresponding to the total net upwrite, cf. paragraph 3, shall be added to the reserve for net uppost in the form of the internal value of the internal value of the passivoutpost 4.3 ; Other references The reserve cannot be taken into account with a negative amount. The net inwrite reserve by the method of an internal value can not be used as a yield or an encoding.
Paragraph 5. Paragraph 4 shall not apply to undertakings operating directly life-assurance undertakings.
Paragraph 6. A possible difference between the cost and the internal value of the acquisition of a subsidiary shall be treated in accordance with section 142 (1). 2-4.
Paragraph 7. A possible difference between the cost and the internal value of the acquisition of an associated enterprise shall be treated in accordance with section 142 (2). 2-4. However, any goodwill amount shall be considered as part of the value of the associated enterprise and not as an asset under intangible assets.
§ 54. Notwithstanding section 53, subsidiaries and affiliated undertakings that are in temporary possession, cf. § 10, measured to the lowest value of the value done after section 53 and the day value of the deduction of sales costs.
Paragraph 2. No depreciation shall be carried out on assets of subsidiaries and affiliated undertakings covered by paragraph 1. 1.
Material fixed assets
§ 55. Material fixed assets which are used to be used in the establishment or for hire and which are expected to be used for more than one financial year shall be measured at the cost of the initial check.
Paragraph 2. In the cost of the cost, all costs incurred by the purchase shall be included up to the time when the asset is ready to be used, or which can be directly attributed to the active asset.
§ 56. Material fixed assets, except for investment victualling and domicilejendous, cf. Section 57 and 58, as well as the assets covered by Section 59, shall be measured at the cost of deduction of cumulative depreciation and cumulative precipitation in value degradation.
Paragraph 2. Depreciation is included in the profit and loss account. Depreciation is the systematic distribution of the asset's estimated cost of the asset value of the asset's cost of deduction from the value that the asset is expected to bring at the end of the use. The depreciation base must be measured at the time of entry and subsequent changes to the elements that form part of the write-off basis.
Paragraph 3. Depreciation for loss of value degradation must be made if it is estimated that the recovery value of the asset is lower than the accounting value according to the depreciation of the valuation. Depreciation must be returned when the depreciation is no longer based on the precipitation.
Paragraph 4. A group of material fixed assets may, after the initial calculation, be measured in accordance with the rules of the domicilejendous basis in section 58. All assets belonging to the group in question shall be measured in accordance with this method.
§ 57. The return on investment shall be continuously measured on a daily basis.
Paragraph 2. The daily value shall be made in accordance with Annex 7.
§ 58. Domicilejendous must continuously be measured on the basis of the revaluation value, which is the day value of the time value of the time of re-evaluation, with deduction of subsequent cumulative depreciation and subsequent losses in value degradation. Revaluation must be carried out so frequently that the accounting value does not differ substantially from the dietary value of the domictional property on the balance sheet date.
Paragraph 2. The daily value of the balance-sheet date shall be made in accordance with Annex 7.
Paragraph 3. Increments in a domicilejom omestimated value are included in the second total income, cf. § 83, paragraph. 2, and transferred to the Acvaluation reserve under own funds, unless the increase corresponds to a warhead that is previously included in the profit and loss account, cf. paragraph 4.
Paragraph 4. Decrees in a domicilejom omestimated value are included in the profit and loss account unless the fall corresponds to a value increase previously included in the second total income, cf. paragraph 3. In such cases, the value falls shall be taken into account in the second total income and transferred as a reduction in the revaluation reserve under the own funds.
Paragraph 5. Depreciation based on the latest overestimated value, cf. § 56, paragraph. TWO, TWO. Act. are included in the profit and loss account.
$59. Material fixed assets covered by § 10 on assets in temporary possession are measured to the lowest amount of accounting value and daily value by deduction of sales costs.
Paragraph 2. No depreciation shall be carried out on material fixed assets covered by paragraph 1. 1.
Intangible assets
§ 60. The intangible assets at the time of the first intake must be measured at cost, cf. however, paragraph 1 Two and three.
Paragraph 2. Development costs can only be considered as an immaterial asset if there is evidence of,
1) that there is a technical possibility of finalisation of the immaterial asset in such a way that it can be used,
2) the undertaking intends to complete the immaterial asset,
3) the undertaking to use the immaterial asset,
4) that the intangible asset will produce likely economic advantages in the future, which at least correspond to the costs incurred ; and
5) that the company can be trusted in a reliable manner to measure the costs incurred to the immaterial asset in the course of its development.
Paragraph 3. Internally, brand names, customer lists, and similar, research costs, founders, start-up costs, training costs, marketing costs, relocation and reorganization costs and internal goodwill must not ; are considered active.
§ 61. In the first-rate, intangible assets must be measured at the cost of deduction of cumulative depreciation if the asset is estimated to have a final use time and accumulated losses in value degradation, cf. § 56, paragraph. Two and three.
Leasing
§ 62. Financial leased assets are taken into leased times from the time leased with leased leases to use the leaked asset at the first expense measure the asset to the lowest value of the day value or the current lease value of the agreed leasing payments. At the same time, the current value of the agreed leasing payments is included as an obligation. When calculating the current value, the lease internal interest rate is used if it is possible to determine this. Otherwise, the leased rate of leased leasing is used.
Paragraph 2. After the initial check, the financial leaked assets of leasing assets shall be measured according to the principles of section 55 to 61 depending on the nature of the leased asset.
Paragraph 3. Accounts receivable from financial leases are taken into leased leases as a credit whose value corresponds to the net investment in the lease agreement.
Paragraph 4. Assets that are part of an operational lease contract are included in the balance of leasing, but not in leased, according to the principles of section 55 to 61 depending on the character of the leaked asset.
Insurance Responsibilities
§ 63. Insurance commitments are taken into account at the time when the insurance risk is transferred to the establishment.
§ 64. An insurance undertaking or a part thereof must be removed from the balance when it has been discharged. This is the case where the assurance obligation, as specified in the contract, has been fulfilled, lifted or expired.
§ 65. Provisions for insurance undertakings shall be made in such a way that they shall be sufficient to cover all insurance undertakings which are reasonably foreseeable.
Paragraph 2. Provisions for insurance undertakings should not be regulated for changes caused by changes in the company ' s own credit risk.
§ 65 a. The current valuation calculations made in the calculation of provisions for insurance undertakings shall be carried out using the relevant risk-free interest rate published by the EIOPA in accordance with Article 77 (e) (1). 1 (a) of Directive 2009 /138/EC of the European Parliament and of the Council.
Paragraph 2. If the company has been given the consent of section 126 e (2), Paraguations 2 or 3, in the case of a financial undertaking, to apply a matching adjustment or a volatility adjustment to the purity referred to in paragraph 1. 1, a corresponding adjustment or adjustment may be used in the present value-added value.
Provisions for life assurance obligations
§ 66. Passive mail, Life Insurance Provisions , be made up to the present value of the best estimates of the expected payment flows, which are made up of the life assurance and investment contracts that the undertaking has entered into. The expected payment flows shall include :
1) Expected services for policyholders and parties in investment contracts.
2) Expected future premiums for life insurance and investment contracts.
3) Projected costs to manage the insurance and investment contracts until their expiry.
4) Projected payments resulting from the use of payments by the policyholders as a withdrawal or an end to the granting of premiums.
5) Projected pension tax paid on behalf of policyholders and parties in investment contracts.
Paragraph 2. Best estimate of the payment currs in accordance with paragraph 1. 1 shall be determined using a simulation model or an equivalent analytical or numerical method which includes variable variables which may affect payment flows, on the basis of a probability weighting of a sufficient number of realistic scenarios ; developments in the relevant variables or in the case of the methods described in section 67.
Paragraph 3. In addition to the amount of the paragraph, 1 shall : Life Insurance Provisions contain a risk, which is the amount expected to pay another insurance undertaking in order to take over the risk of the costs of liquidating the company's stock of life assurance and investment contracts deviate from the current present value of the expected payment flows.
§ 67. In the case of insurance and investment contracts with bonus, the value of bonus may be calculated indirectly as the value of assets, including the present value of the expected future premiums on the basis used that is available for the fulfillance of the value of the assets. bonuses for the provision of provisions for benefits calculated on a guaranteed basis, with a supplement to any increases in accordance with paragraph 1. THREE, TWO. the rectangle, the risk species and the present value of the projected future profit of the periods of insurance established by the rules for the distribution of profits that apply to the insurance covered by the insurance cover. The value of the presizable bonus for each insurance or investment contract may not be less than zero. For the drawing-based basis where the average margins are collected on the individual elements, this restriction shall not apply to the individual insurance or investment contract, but for the level of assurance or investment contracts, the average margins have been established.
Paragraph 2. In the case of insurance and investment contracts, where the benefits are conditional guaranteed, as the guarantee is reduced or lapses, if one or more insecure future events occur, the expected payment flows will be discharged for the benefits, as if : these events do not occur. However, where the insurance terms or the establishment ' s premises determine the benefits which will apply if events occur, the likely payment flows may be made up to the probabilities of the events ; occur if these probabilities are calculated in a meaningful manner, cf. § 66, paragraph. 2.
Paragraph 3. In the case of insurance and investment contracts, where the benefits are calculated on a basis that the company is entitled to change so that the benefits are reduced, the expected payment flows shall be discharged in accordance with section 66 (2). 1, taking into account the ability of the undertaking to reduce the benefits. If the company ' s relationship or communication to the policyholders or contracting parties means that the services are only reduced after a period of time, the provisions shall be established on the basis of the benefits resulting from the used basis until : expired during this period. After the expiry of the period, the payment flows shall be determined in accordance with the basis that may be applied after the reduction. The postponements shall be included in the deduction in the deduction of the value of bonuses in accordance with paragraph 1. 1.
Paragraph 4. For insurance and investment contracts, where the benefits to the policyholder or the member of the contract are determined directly from the charge of payments generated by specific assets and liabilities, the current value of the expected payment flows may be present, is calculated indirectly and is included in : Life Insurance Provisions the value of the contracts in question discharged from the daily value of the assets and liabilities concerned. However, if the contracts contain warranties or insurance items that are independent of the value of the assets and liabilities, the value shall be at least the value of these guarantees or insurance items according to the principles of section 66.
§ 68. Passive mail, Margin of life assurance and investment contracts , become the present value of the expected future profits in the remaining periods of contract for life insurance and investment contracts that have been undertaken.
Provisions for non-life assurance obligations
§ 69. The precision of the premiums shall be as the present value of the payments which the undertaking must be expected to bear in the event of an insurance undertaking which may be expected to take place after balance-sheet date and which are covered by them ; insurance companies have entered into. The amount of the premiums must also contain the present value of the payments that the company may be expected to bear in accordance with the balance day for direct and indirect costs in the administration, acquisition and indemblehandling of the assurances made by the undertaking.
Paragraph 2. For the purposes of the calculation of the premium provisions, account shall be taken of the present value of the best estituals of not yet due premiums and premiums for contracts which are expected to be received under the reassurances given to cover insurance activities ; which take place before the end of the agreed risk periods.
§ 69 a. The premium provisions may, irrespective of section 69, for assurances of a risk period of a year or shorter, or if the method leads to approximate the same result as the use of Article 69, after the simplified procedure described in paragraph 1, 2-4.
Paragraph 2. After the simplified procedure, the premiums for all assurances shall be made if the risk periods have started before the end of the financial period, and shall constitute the proportion of the receipts and receipts of the gross premiums corresponding to that part of : the risk period running after the balance day. Average calculations may be used when there is reason to assume that the approximate will result in the same result as a calculation based on individual assurances.
Paragraph 3. For the calculation of the amount of premiums referred to in paragraph 1. 2 gross premiums may be deduced after deduction of the part of the premium corresponding to the associated acquisition costs incurred in the conclusion of the insurance.
Paragraph 4. Where insurances covering the same risk are expected to be forgiving as a result of the costs of insurance, which occurs after the balance day, the amount of premiums to be paid shall include an amount to cover the loss which is to be taken ; is being done in the light of the risk species.
Paragraph 5. This is a prerequisite for the application of the simplified method of paragraph 1. Two-four, that the company does not consider a profit margin for the assurances concerned in the calculation of the company ' s capital base.
§ 70. The provision for claims is made up as the present value of the payments which are expected to be expected by the company, in the event of an insurance undertaking which has taken place until the balance date in addition to the amounts already in place ; Paid in the occasion of such events. The provision for claims shall also contain the present value of the amounts expected to be expected to bear direct and indirect costs in connection with the dismantling of the liability commitments.
Paragraph 2. Replacement provision shall be made on the basis of the expected compensation amounts and costs after
1) a case-for the assessment of notified insurance events, which, at the very least, must include all notified insurance events of a significant extent,
2) an experience-based estituation of inadequately enlightened insurance events which have been subject to a case-for-case assessment,
3) an experience-based estituation of notified insurance events that have not been subject to a case-for assessment, and
4) an experience-based estituation of insurance events that have been taken before the balance-sheet date, but which are not notified at the time of the drawing up of the accounts.
Paragraph 3. In the case of compensation for claims, account shall be taken of the revenue and costs associated with inheritance and the achievement of assets and rights acquired by the undertaking in the payment of the replacement.
Insurance assets
§ 71. The company ' s rights under a reinsurance contract shall be discharged from the terms of the reinsurance contract by using methods and assumptions consistent with those which have been applicable to the calculation of the gross obligations under corporate insurance. The value of reinsurance shares of premium provisions shall be calculated taking account of the expected payment flows, which are linked to the reinsurance contracts expected to be covered by the provision of premium provisions. Where section 69 is used, a note is specified in a note, the proportion of reinsurance shares of premium provisions relating to profit margins.
Paragraph 2. Insurance assets shall be evaluated for any value degradation due to credit risk and be written to the present value of the payments which are expected to be recovered if this value is lower than the value of paragraph 1. 1.
Referended obligations
§ 72. Commitate commitments, warranties and other obligations that are indifferent with regard to the size or time of execution are included as committed commitments when it is likely that the commitment will result in a move to the economic establishment of the undertaking, resources, and the obligation may be measured in a reliable way.
Paragraph 2. Loss-loss contracts, which are contracts where the inevitable costs of fulfilling contractual obligations exceed the expected economic benefits, shall also be taken into account as commitment.
Paragraph 3. Commitment commitments shall be measured at the best estimate of the costs necessary to deliver on the current commitment to the balance day.
Paragraph 4. Where discharges are of significant importance to the size of a committed commitment, it shall be measured to the present value of the costs expected to be required to deliver the commitment.
Paragraph 5. The rate of discounting used to measure the current value shall be such that it reflects the risks associated with the obligation. The conversion rate shall not reflect the risks which are regulated in the estimate of the costs necessary for the commitment to the obligation to be released, cf. paragraph 3.
Paragraph 6. However, warranties may not be calculated or measured at a lower value than the premium or commissions that the undertaking has received in order to assume the guarantee, systematically written over the risk period.
§ 73. Commitate obligations shall be reviewed at each clearance of accounts and regulated in such a way as to reflect the best current estimates. If it is no longer likely that incorporation will lead to a move to the company's financial resources, the obligation to be returned must be returned.
Paragraph 2. A commitment may be used only to cover the costs incurred in the first introduction to the application of the application.
Staff services
§ 73 a. Cost of benefits and benefits for employees of their work shall be included in the profit and loss account as the employee's performance of the benefits and benefits is granted to the benefits and benefits.
Paragraph 2. Unpaid amounts which have been cost in accordance with paragraph 1. 1 shall be considered as an obligation. Amouns due within 12 months of the balance-sheet date shall not be discarded, while amounts due to fall more than 12 months after the balance sheet date shall be discounted. Prepaid amounts are taken into account as an asset.
§ 74. Pension obligations to employees must be taken into the present value of the benefits which, based on the best possible estimates, may be expected to be charged with the deduction of any associated assets (company pension fund).
Paragraph 2. Pension obligations must be reviewed on each balance sheet date so that the amount calculated reflects the current value of the best current estimate. Changes made by a modified estimate of the size of the benefits (actuarial gains and losses and merrente on associated assets) shall be included in the second total income, cf. § 83.
Paragraph 3. Paraguments 1 and 2 shall not apply to pension obligations to employees where the terms and conditions correspond to normal conditions in insurance contracts that the company provides for customers. Such insurance contracts shall be treated in accounting terms with and according to the same principles as the corresponding insurance contracts with customers.
Stock-based remuneration
§ 75. Asset-based remuneration and personnel will be included as a cost in the profit and loss account. At the same time, a similar increase in own funds is included.
Paragraph 2. The estimated cost is measured to the day value at the allocation time of the instrument being used for payment.
Tax
SECTION 76. Current tax on the accounting year and earlier financial years shall be deemed to be a commitment. If the tax that has been paid is greater than the current tax for the accounting year and earlier financial year, the difference shall be taken as an asset.
Paragraph 2. The fiscal duty that is based on a temporary difference between the accounting value and the tax value shall be taken as a deferred tax. If the difference is a negative one, and it is likely that it will be able to use it to reduce future tax, a deferred tax will be taken into account.
Paragraph 3. Notwithstanding paragraph 1 2 shall not be deferred by deferred tax by :
1) the security funds committed by untaxed means, cf. § 124, and
2) untaxed own funds acquired by fusion with a pension fund or a labor-related life assurance undertaking, cf. Article 13 (h) on the income tax of limited liability companies and so on
Paragraph 4. In the paragraphs in paragraph 1. However, in the case of a foreseeable period, deferred tax must be placed on the market if it is likely to occur within the foreseeable period of a situation which will trigger the taxation of the funds in the security fund, cf. Section 13 c, in the field of income taxation of limited liability companies, etc., or the untaxed own funds, cf. § 13 h, in the Act on income taxation of limited liability companies, etc.
Accounting Security
§ 76 a. If a security relationship is established between one or more derivative financial instruments or in the case of the risk of exchange-rate risks between one or more non-derivative financial instruments ; (The security instrument) and an asset, an undertaking commitment, a group of assets or a group of commitments (the secure line), which is measured at the amortised cost, the value of the secured position for the secured risk ; adjusted to fair value. The value change is included in the profit and loss account. In the case of the fuse, the secured post shall be adjusted according to the principles of the amortized cost of the calculated value based on the newly calculated value.
Paragraph 2. Paragraph 1 shall apply by analoging in respect of the risk of changes in the daily value of an unscheduled future payment for goods and services, as the changes in the daily value of the payment are included as one ; asset or commitment. The value change is included in the profit and loss account. The value of the asset or acquired obligation on the future payment shall be adjusted at the time of the settlement of the agreed upon future payment, with the added value of the assets in question.
§ 77. Where a security relationship is established for the securing of payments between one or more derivative financial instruments, or in the case of the risk of exchange-rate risks between one or more derivatives or non-derived financial instruments ; instruments (the security instrument) and future payments, the part of the change in the daily value of the security instrument, which covers the fluctuations in the payment flow, shall be included in the second total income, cf. § 83, paragraph. 2.
§ 78. If a foreign exchange rate guarantee is established for an investment in a foreign entity, the proportion of the security instrument relating to the security shall be included in the second total income. The safety instrument can be a non-derivative financial instrument. The amounts included in the second total income, including amounts included in the second total income in connection with the currency conversion of an investment in a foreign entity, cf. § 42, paragraph. 8, shall be included in the profit and loss account when the foreign unit is dispose.
§ 79. A security situation may only be addressed in accordance with the rules in section 76 a and 78 where the following conditions are met :
1) Formal documentation is available at the time of the security relationship established for the existence of a security relationship, as well as for the company ' s risk management strategy, which shall include :
a) identification of the security instrument and the secured record,
b) identification of the risk that is ensured ; and
c) the method used for measuring the effectiveness of the security instrument, cf. no. 2.
2) There is a reasoned justification for a high degree of efficiency in safety.
3) In the case of payment flows, the applicable future payments must be highly probable and variations in the balance of payments must be of such a nature that they will affect the future accounting results of the company.
4) The efficacy of the safety team, cf. no. 2, can be measured reliably.
5) The safety relationship is continually assessed and has shown itself to be a high degree of efficiency in the part of the financial period in which it has been established.
$80. The accounting treatment of security conditions, cf. section 76 a and 78 shall cease at the time of the date on which :
1) the security instrument or the security instrument expires, sold or used, unless the SSC is replaced by a new SSO as part of the company's documented security strategy ;
2) the security relationship no longer meets the criteria in section 79 ;
3) the future transaction, which forms the basis for the secured payments, no longer expected to take place, or
4) the company ends the security relationship.
§ 81. Where a transaction or payment current where the payments have been covered by a security relationship pursuant to section 77 is implemented or implemented, the amounts previously calculated in the second total income shall be calculated in the profit and loss account. period such as the one in which the transaction or charge of payment is affected by the profit and loss account.
Paragraph 2. In a situation as specified in § 80, nr. 3, the amounts included in the second total income shall be taken into account in the profit and loss account.
Result statement and other total income
$82. The resulting balance shall comprise revenue and costs incurred.
§ 83. The profit and loss account shall be taken into account in the performance of the profits and all costs as they are applied. All valuations, depreciation, depreciation and remittations of amounts previously included in the profit and loss account shall be included in the profit and loss account, cf. however, paragraph 1 2.
Paragraph 2. The following shall be included in a separate account in the extension of the profit and loss account referred to as ' other total income ` :
1) Increments in a domicilejom omite re-estimated value and reverses of such increases, cf. § 58, paragraph. 3 and 4.
2) Exchange rate differences resulting from the conversion of transactions and balance-sheet items, including goodwill, in a unit with a functional currency which differs from the presentation currency, cf. § 42, paragraph. 8.
3) Changes to the value of the security instruments that depart fluctuations in the size of future payment flows, cf. § 77.
4) Changes to the value of security instruments that will cover the exchange rate risk of an investment in a foreign entity, cf. § 78.
5) Changes to actuarial gains and losses and interest rates in the calculation of the pension obligations, cf. Section 74 (4). 2.
Paragraph 3. The amount of the amount covered by paragraph 1. 2, no. 1-5, which are to be allocated to insurance and investment contracts under the rules governing the distribution of profits applicable to contracts, are first taken into second total income and then transferred to the relevant items under the heading III, Provisions for insurance and investment contracts, in total.
Paragraph 4. For each item under the second total income, the corresponding tax effect is either directly in other total or in a note.
Accounting Practices Amendment
§ 84. Does the company change methods on the basis of the measurement or presentation currency, all the items concerned, including comparison figures, note information and five-year summaries, unless special rules have been established for the relevant method of change ; be prepared as if the new method had been used all along.
Paragraph 2. Paragraph 1 shall not apply to the extent that it is not practicable to change entries from previous financial years in order to be consistent with the new method. In this case, the balance of prices shall be amended in accordance with the new method from the earliest possible date and the other items shall be subject to impact in this respect.
Modification of accounting estimates and errors
§ 85. The amount of the change which was estimated for a previous financial year, due to a change in accounting estimates, shall be taken into account in the corresponding manner as the original estimate.
§ 86. If previous annual reports were influenced by errors in connection with the preparation, all the items concerned, including comparison figures, note information and five-year summaries, shall be prepared as if the failure was not committed.
Paragraph 2. Paragraph 1 shall not apply to the extent that it is not practicable to direct entries from previous financial years. In that case, the price balance shall be amended from the earliest possible date and other items shall be subject to impact on this point.
Chapter 4
Note information
General
§ 87. In addition to the information required by this chapter, the additional additional information required to give a true and accurate picture shall be provided.
§ 88. Note information shall as far as possible be presented in a systematic order. Information associated with the accounting items is given in the form of a note to the accounting item in question. Unless otherwise stated in the individual provisions of this notice, it is the accounting values that need to be explained.
Paragraph 2. The information to be provided pursuant to this Chapter shall be contained in a separate part of the annual report, which is clearly delimited and described as ' notes `, in accordance with the said section. however, § § 89-91. If an information requirement is complied with, a reference has been made to the fact that the information is given in the Management Report or in other parts of the annual report which are not part of the annual accounts, the reference must be precise and limit. the information in question in relation to other information which is not subject to the information requirements of this chapter. The information required shall also be included in such cases of auditing, cf. Section 193 of the Act of Financial Business.
Accounting Practices Used
$89. A separate section of the annual accounts shall be set out in the annual accounts for all essential methods of introduction and measurement, used in balance sheet, profit and loss account and notes.
Paragraph 2. For financial instruments information shall be provided on the accounting practice applied in respect of the criteria for entry and measurement, including whether or not the establishment is relying on the date of trade or on the date of the settlement.
Paragraph 3. In the case of material fixed assets, except for the return on investment property and domicients, each type must be reported ;
1) the measurement basis used to determine the accounting value of assets,
2) the depreciation methods used, and
3) the usage times and depreciation rates applied.
Paragraph 4. For investment voyage and domicients, information must be provided
1) the measurement basis used,
2) the methods and assumptions used in the establishment of a daily value ; and
3) the criteria that have been used to separate the domicients ' outlet from investment outdoors.
Paragraph 5. In the case of entries of insurance contracts, information shall be provided on :
1) the measurement methods used for the various items,
2) where dilation is used, the method used must be reported,
3) the principal assumptions and estimates used for the measurement of the posts,
4) the process, which is used to determine the preconditions that have the greatest impact on the measurement of the posts,
5) significant correlations between different assumptions ;
6) the method of calculation where the amount in a post in the annual report has been obtained by a distribution calculation, and
7) how the calculation method in pkt. 6 has been amended in relation to the preceding financial year, if so, and indicating the significance of the change for the individual items of the accounts and the comparability of the corresponding amount for the preceding financial year.
Paragraph 6. For changes in accounting practice, information must be provided
1) the reason for the change,
2) the change in accounting practice, including the nature of the change ; and
3) the monetary effect of the change in accounting practice for balance sheet and profit and loss accounts for the current, earlier and future financial years, if available.
Paragraph 7. In the case of changes in accountancy estimates having an effect during the current or future financial year, the company shall state the nature and amount of the change to be made. If it is not possible to estimate the amount of the amount to be done, the company shall state this.
Paragraph 8. In the case of accountancy errors, the nature of this and the amount shall be the nature of the balance sheet and the correction of balance sheet and profit and loss account.
§ 90. When comparing comparison has been made, cf. Section 5 (5). 1, the following information must be provided :
1) the nature of the adjustment,
2) the amount of each item that is adapted and adjusted ;
3) the reason for the adaptation.
Paragraph 2. Non-alignment of comparison figures, cf. Section 5 (5). 1, must be stated and justified.
§ 91. By deviations in accordance with section 188 (4). 3, in the Act of financial activities, the requirement for note information is found in section 186 (6) of the law. THREE, TWO. PC, use.
Five-year overview
§ 91 a. A five-year overview shall be given with the head and key figures in accordance with Annexes 9 and 10.
Paragraph 2. Life insurance undertakings operating on sickness and accident insurance activities shall indicate the main and key figures for this part of the business in accordance with Annex 10. Main numbers 7, Year of the year , 11, Capital Funds , Total, and 12, Assets, in everything, and the key numbers 6, Capital Capital Business% , and 7, Sunlight Coverage , don't need to be reported. The main and key figures for sick and accident insurance activities do not need to be reported in connection with the company ' s main and key figures, but can be stated in the notes relating to the other information on the sick and accident business, cf. § 32.
Paragraph 3. If the figures in the five-year summary are not comparable, then the figures must be adjusted as far as possible. Failure of comparability or adjustment shall be indicated and duly justified.
Paragraph 4. If the company has only existed in a shorter period than five years, a summary shall be drawn up in accordance with paragraph 1. 1-3 for the shorter period.
Risk Information
§ 91 b. The company must describe its financial risks as well as its policies and targets for the management of financial risks.
Paragraph 2. The company must describe its insurance risks as well as its policies and objectives for the management of insurance risks.
Financial Instruments
§ 92. In the case of financial instruments, the nature of the instruments concerned, including essential conditions and conditions, which may influence the amounts, times and uncertainties relating to future payment flows.
Material fixed assets
§ 93. In the case of material fixed assets, with the exception of investment outdoors and domicients, the following information shall be provided :
1) The cost of the cost :
a) The cost of the previous financial year ' s end without a depreciation or depreciation.
b) Currency adjustment adjustment.
c) Adjust this year, including improvements.
d) Let's go for the year.
(e) Transfers to other posts during the course of the year.
(f) The total cost of the balancing act.
2) Writes down and depreciation :
a) Down and depreciation at the end of the previous financial year.
b) Currency adjustment adjustment.
c) Depreciation of the year.
d) Depreciation of the year.
(e) Depreciation of the year and depreciation of the assets and depreciated assets.
(f) The reversal of the year before years of depreciation and the return of the total and depreciation of assets that have been depicted by the year or by the operation of the year.
g) The total and preciament of the balance sheet date.
$94. For investment voyage, cf. Section 57, the following information shall be provided :
1) The daily value at the end of the previous financial year.
2) Adjust this year, including improvements.
3) Let's go for the year.
4) Value adjustment of the year to fair value.
5) Other changes.
6) The daily value of the balance-sheet date.
Paragraph 2. For the domicilejendous, cf. section 58, the following information shall be provided :
1) Revalued value at end of the previous financial year.
2) Adjust this year, including improvements.
3) Let's go for the year.
4) Depreciation.
5) Value adjustments, as in the course of the year, are in the second total income.
6) Value adjustments, as in the course of the year, are included in the profit and loss account.
7) Other changes.
8) Realiced value at the balance-sheet date.
Paragraph 3. It is also stated whether external experts have been involved in the measurement of investment outdoors and domicilejenda.
§ 95. For investment voyage and domicienda, the weighted average of the percentages laid down for the determination of the property value of the individual property is specified in property types.
Investments in businesses that run life-insurance business.
§ 96. The company ' s assets and their returns shall be specified in accordance with the table in Annex 11, cf. the rules for the completion of the schema in Appendix 12. The specification is carried out separately for the assets associated with the average interest products and assets associated with market interest products, if these product types are of a significant extent.
Paragraph 2. The information provided in paragraph 1 Paragraph 1 shall not be subject to the requirement for comparisons in section 5 (5). 3.
§ 97. (Unused).
-98. If the undertaking ' s annual report does not include a list of all the undertakings in which the company shares capital shares, and the size of these shares, it shall also be stated whether or not the public is in question in question or otherwise ; access to getting this information.
Event Assets
§ 99. Unless it is highly unlikely that economic benefits will be added to the company, the company must provide a brief description of the species of eventualassets on balance the day and, if practicable, a estitua of their economic impact.
Life assurance obligations
§ 100. The development of the life assurance provision shall be specified in the name of :
1) Life insurance claims primo.
2) Fortenstmargin primo (+)
3) Total security provisions (1 + 2)
4) Collective Bonus Potential Primo (-)
5) Accumulated value adjustment primo (+ /-).
6) Retrospective provisions on primo (3-5).
7) Gross premiums (+).
8) Depreciation of yield (+).
9) Insurance services (-).
10) Cost allowance after the addition of cost bonus (-).
11) Risk-based added risk-based reward (-).
12) Retrospective provisions ultimo (6-11).
13) Accumulated value adjustment ultimo (+ /-).
14) Collective Bonus potential ultimo (+)
15) Total security provisions (12-14)
16) Fortenstmargin ultimo (-).
17) Life Insurance Provisions ultimo (1-16)
Paragraph 2. Where the life assurance provision is divided into the balance after paragraph 18, the specification shall be carried out in accordance with paragraph 1. 1 separately for the average interest rate products and market interest products respectively.
Paragraph 3. A description of the stock market or stocks of life assurance and investment contracts shall be carried out and the amount of the life assurance provision shall be made by reference to the characteristics of each of the stock. It must at least be reported, at least, whether they are average interest products, market interest products or investment contracts and the special conditions applicable to the individual stocks. Where the company ' s market interest products offer guarantees or insurance (s), which are independent of the value of the assets and obligations associated with the contracts, the value thereof shall be reported.
Paragraph 4. The amount of the insurance stocks covered by the notice of the principle of contribulation must be reported with a distribution for each interest group ; Guaranteed benefits , Individual Bonus Potential and Collective Bonus Potential Also, it is reported as a caste. and bonus degree, cf. Annex 8.
Paragraph 5. For the insurance stocks covered by the notification of the principle of contribulation, collectively bonus potential of the risk groups together and the cost groups together shall be collectively assempled. For the cost groups, cost contributions shall be provided after the cost of overwriting of cost bonus, year's technical operating costs, and cost profit and percentage value. For risk groups, risk result according to the attribution of risk obonus to amount and percentage, cf. Annex 8.
Paragraph 6. The amount of non-reciprocity non-entranted non-entrants to the principle of the principle of account must be provided with a breakdown for each relevant state of life assurance provision under the contract of insurance contracts, respectively ; the initial interest rate of the investment contract ; Guaranteed benefits , Individual Bonus Potential and Collective Bonus Potential Also, it is reported as a caste. and bonuses for the individual subpopulations.
Paragraph 7. The information provided in paragraph 1 3-5 shall also be carried out in respect of insurance stocks administered in accordance with the same principles as an average interest rate product with guaranteed benefits and bonuses, although the benefits are unguaranteed or conditional guaranteed. Where applicable, the terms and conditions of the stocks concerned shall be stated.
Paragraph 8. Client-based client resources for tax purposes must be reported for the average interest products and market interest products respectively, cf. Annex 8.
Niner. 9. The size of the risk shall be provided on the relevant stocks.
Paragraph 10. The difference between life assurance claims for indirect insurance at the end of the accounting year and the beginning of the accounting year. Specification thereof, cf. paragraph 1 is not required.
§ 101. For market interest products, yield percentage and risk of life cycle products, non-life-life-related products. For life-related products, which are market interest products with a defined reduction of investment risks by increasing age, the information for customers with the following number of years for retirement is given : 30 years, 15 years, 5 years and 5 years after, cf. Annex 8.
§ 101 a. The distribution of the dilution margin on sub-stocks, cf. § 100, paragraph. 3, must be reported.
Indemsities obligations
§ 102. The result of the drainage results for the damage caused must be stated both in the gross and at own expense.
Paragraph 2. If the result of exceptional size is the result of this, the reason for this must be explained.
Other obligations
§ 103. The following shall be provided for responsible loan capital :
1) A specification of interest, exceptional payments, and the cost of the admission and the intake of responsible loan capital during the financial year.
2) Indication of the amount of the loan capital responsible for the calculation of the base capital.
Paragraph 2. For each deposits of responsible loan capital exceeding 10% of the total responsible loan capital of the undertaking, the undertaking shall indicate :
1) The amount of the loan, the currency, denominated in the interest rate and the due date, and whether it is unamortisably.
2) Whether in certain circumstances it is necessary to return for a faster refund.
3) Other terms related to the obligation under the obligation, including any provisions that may be converted to stock, shares or guarantee capital, or to a different kind of debt and the conditions under which they are to be subject to such debt.
§ 104. Information on the part which falls more than five years after the balance sheet date must be provided for each debt in the balance sheet.
Paragraph 2. If the company has made a security of the assets or other security, this must be reported with an indication of the extent of the pan-statement and the value of the pawned assets, specified for the individual items. The total security of subsidiary undertakings and of other undertakings within the group shall be shown separately.
Paragraph 3. Unless it is highly unlikely that a move will be made on the financial resources of your company, the company must provide a brief description of the nature of the contingent obligation. The company must give up the value for each contingency obligation and for eventuality commitments. However, this does not apply to undertakings under the insurance contracts of the company. Obligations to a parent undertaking and its subsidiary undertakings shall be shown separately.
§ 105. For each security situation that satisfies the conditions of accounting security, cf. Section 79 must provide information :
1) The nature of the risk that is guaranteed.
2) Arten of the insured.
3) The Arts of the insurance instrument.
4) In the case of a guarantee of transactions, the undertaking shall be required to provide the undertaking 1-3 specified information describing the expected future transactions, including when expected to have been expected to be included in the profit and loss account and describe any expected transactions that have been processed in the past as a previous one. accounting security, but which are no longer expected to take place.
5) Where valuations of derivative financial instruments classified as security instruments relating to the payment of payments are directly related to the own funds, shall be provided on the amount that is
a) in the second total income of the current financial year,
b) transferred from own funds and included in the annual profit and loss account ; and
c) transferred from own funds and included in the cost of an asset or an obligation for the financial year.
§ 105 a. A company that does not measure financial commitments to day value shall indicate the size of the change in the daily value of these commitments, which may be attributed to changes to the credit risk of the obligations. This change can be determined either :
1) as the difference between the overall change in the daily value of the obligations and the part thereof which may be applied to changes as a result of changes in market conditions which relate to market risks ; or
2) in an alternative method, which the company considers better, a true picture of the change in credit risks to the commitments made.
Paragraph 2. The information provided in paragraph 1 1 shall be given to groups of the undertaking ' s obligations that are relevant to the information requirement, respectively for the financial period and cumulative from the first entry into account of the commitments.
Paragraph 3. The methods used to determine the amounts provided for in paragraph 1. 1 and 2 must be reported. In addition, if it does not consider the information to be provided in a reliable manner, the changes in credit risk to the commitments and information on the background to this conclusion and the factors that the company believes to be reliable shall be provided by the company ; relevant in this context.
Paragraph 4. The difference between the accounting value of obligations covered by paragraph 1. 1 and the amounts to which the undertaking is under contract obligation to pay at wastes must be reported.
Score statement
§ 106. Information shall be provided of the expenses incurred in the year for commissions for the direct insurance and investment contracts of the undertaking.
§ 107. The subpost CursAdjustments be provided on asset item 2, Domicilejendous , Asset Post 3, Investment in the end , sub-posts for asset-five, Other financial investments, total , as well as any other items.
§ 108. The total fee for the accounting year for the audit undertaking performing the statutory audits and the subsidiary of the audit undertaking ' s subsidiary undertakings. The information must be specified in fees for statutory audits of the annual accounts, fees for other declarations of affidality, fee for tax and other benefits. For the one in 1. Act. the amounts specified shall be entered for the previous financial year accordingly.
Paragraph 2. A company may fail to provide the information provided for in paragraph 1. 1 if the company ' s accounts at full consolidation are included in a group accounting records in which the data is given to the group as a whole, and the group accounts are produced by a parent undertaking governed by the legislation of an EU/EEA country.
-109. The company ' s accounts shall indicate the main tax costs or tax revenue elements.
Paragraph 2. The company must provide a statement of the relationship between tax revenue or revenue and accounting results in one of or both of the following :
1) A numerical vote of tax revenue or tax revenue and accounting results multiplied by the tax rate in force, showing the basis on which the tax rate in force has been discharged.
2) A numerical vote of the average effective tax rate and tax rate applicable to show the basis on which the tax rate in force has been established.
Paragraph 3. For each type of temporary difference, fiscal deficit and unutilized tax deduction shall give the amount of the tax deduction to :
1) The tax evasion and tax obligations that are in the balance sheet.
2) Tax revenue or tax cost calculated in the profit and loss account if this is not clearly apparent from the changes in the balance that is in the balance sheet.
Life Insurance Contracts
§ 110. The distribution of the fractional premiums on direct and indirect insurance and investment contracts must be reported. In the case of direct contracts, the gross premiums shall be allocated to :
1) Continuous prizes and one-night premiums.
2) Pre-premiums for group life contracts and premiums for other insurance and investment contracts. The premiums for other insurance and investment contracts shall be distributed on an individual signed contract and contracts drawn up in the context of an employment relationship.
3) Contracts with the right to bonuses, contracts with no right to bonuses and contracts where the investment risk is borne by the policyholder.
Paragraph 2. The number of insured at the end of the accounting year is covered in each of the 3 groups of contracts referred to in paragraph 1. 1, no. 2, must be reported.
Paragraph 3. The fractional premiums for direct insurance and investment contracts shall be allocated according to the place of residence of the holders of the insurance ;
1) Denmark.
2) Other EU countries.
3) Other countries.
§ 111. The principles that the undertaking uses for the division of the implemented result must be described. In this context, the size of the resulting result of the year and the distribution of the amount shall be given. Has the own funds due to an inadequate result of the year, or in previous years, a smaller part of the realization that the principles are attributable to, and the company is entitled to rectify this in the distribution of the next year, this information shall indicate the amount expected to be able to be attribuable to the own funds in addition to what the principles otherwise would give rise to. For the insurance stocks covered by the notification of the principle of contribulation, the amount shall be split up corresponding to the breakdown by section 101 b.
§ 112. (Unused).
Indemency Insurance Contracts
§ 113. For at least the three largest of the following classes of classes measured on gross premiums paid, they shall be paid for the amount of the insurance class for the payment in question in paragraph 1. 4, no. 1-7, illufise :
1) Sick and insubordinate insurance.
2) Health insurance.
3) Health insurance.
4) Motor insurance, responsibility.
5) Motor insurance, camps.
6) Sis-, aviation and transport insurance.
7) Brand-and-run reinsurance (private).
8) Brand and Lion Insurance (occupation).
9) Owner-shift insurance.
10) Insurance policy.
11) Credit and bail insurance.
12) Legal insurance.
13) Tourist insurance.
14) Other direct insurance and proportional indirect insurance.
15) Non-proportional indirect insurance.
Paragraph 2. Classes 1-14 must include proportional indirect insurance.
Paragraph 3. Insurance contracts which cover risks that may be applied to several of the measures referred to in paragraph 1. 1 led classes shall be assigned to the class of insurance under which the principal part of the risk is a matter.
Paragraph 4. The amounts to be paid pursuant to paragraph 1. 1 shall be distributed among the individual insurance classes, as follows :
1) Frac-ramier.
2) Gross premiums.
3) Gross Replacement Expenses.
4) Gross operating costs.
5) Result of business.
6) Insurance technology interest, for example.
7) Insurance-class result.
Paragraph 5. The amount referred to in paragraph 1. 4, no. 4, must be shown prior to deduction of commissions and gains from reinsurance undertakings which are covered by paragraph 1. 4, no. 5.
Paragraph 6. The amounts referred to in paragraph 1. In all cases, 4 shall be reported on each of the cases referred to in paragraph 1. 1, no. 1-13 class classes listed, where the gross premiums exceed 70 million. DKK Grow the gross premiums revenue for non-proportional indirect insurance, cf. paragraph 1, no. 15, less than 10%. the total gross premiums paid for these insurance contracts may be combined with the amounts for other direct insurance, cf. paragraph 1, no. Fourteen, under the term "Other Insurance". If this aggregation is made, the gross premiums for non-proportional indirect insurance shall be provided separately. The sum of the amounts given in accordance with paragraph 1. 1 and 4 shall correspond to the amounts entered in the profit and loss account, which shall not be assigned to one of the insurance classes under paragraph 1. 1, no. 1 to 13 or 15 shall be applied to ' Other direct insurance and proportional indirect insurance ' / ' Other insurance `, cf. paragraph 1, no. 14.
Paragraph 7. Gross premium revenues for indirect insurance shall be distributed on non-life insurance and life insurance.
Paragraph 8. The use of direct insurance premiums for direct insurance should be distributed geographically according to the location of the risk. In determining the location of the risk, the definition in section 4 of the Financial allowance shall be used for the congruination and localization of the congruination. Gross premium revenues shall be allocated at least in the following areas :
1) Denmark.
2) Other EU countries.
3) Other countries.
§ 114. The following information shall be provided on the evolution of the replacements by the classes specified in section 113 (3). 1 :
1) The number of replacements.
2) Average damages for imploded damage.
3) The replacement frequency.
Cearest parties, etc.
§ 115. The amount of loans to and furnishings, guarantee or guarantee vouch for members of the management board of the company or its parent undertakings shall be declared for each category of information relating to the most essential conditions, including : interest-rate and the amount paid in the year.
Paragraph 2. The provision in paragraph 1 shall be Paragraph 1 shall not apply to loans and securities for the acquisition of shares in the company or to the company ' s personnel or its subsidiary undertakings.
Paragraph 3. The provision in paragraph 1 shall be Paragraph 1 shall also apply to the deposits and the guarantee of a nutritionary to the presence of those referred to in paragraph 1. 1 mentioned persons.
Paragraph 4. In exceptional cases, where a company's representative is not a small executive body, the information shall be able to do so in accordance with paragraph 1. 1 and 3 are omitted.
§ 116. The average number of full-time workers must be provided for the financial year. The staff costs must be reported and specified on wages, pensions, pensions, other social security costs, calculated on the basis of the staff count or the salary sum.
Paragraph 2. The company must provide a separate setting of the total remuneration for the financial year at present and former members of
1) the management,
2) the Board and
3) employees whose activities have a significant impact on the company ' s risk profile.
Paragraph 3. For each of the three groups referred to in paragraph 1, 2 must specify the number of persons covered by the group and the allocation of remuneration on a fixed and variable salary. In addition, the company must specify the total commitments to grant pensions to the said groups. If special incentive programmes have been set for members of the Management Group, it must be reported to which the application of the programme includes the benefits and what is necessary in order to assess the value of this programme. Information concerning the staff referred to in paragraph 1 3 may be omitted in cases where compliance with the information requirement implies the disclosure of individual salary information on individual persons. In such cases, it shall be reported that the company has used this derogation.
§ 117. The company must provide the name and location of the parent undertakings, including foreign mother-undertakings, to draw up the group accounts for the largest and minimum enterprise in which the undertaking is included as a subsidiary, and where they : corporate accounts etc. may be requested by foreign parent companies.
§ 118. The name, location and legal form of major subsidiaries and affiliated undertakings shall be reported with the activity of the undertaking concerned. For each undertaking, indicate the proportion of the property owned and the amount of the undertaking ' s own funds and results according to the latest annual report. This information can be provided in the form of a group chart.
Paragraph 2. When a subsidiary is parent company in a group, the information requirement shall be laid down in paragraph 1. Paragraph 1 shall not apply to subsidiaries and affiliated undertakings to this undertaking.
§ 119. The transactions and agreements between the firm and nearby parties must be reported, including the basis for the connection with the neighbouring parties concerned.
Paragraph 2. Except the information provided for in paragraph 1. 1 and § 120 must be provided on the presence of the nearby parties who have a firm influence on the company. The information shall include the name, place of residence, for the seat of undertakings, and the basis of the bogey influence.
§ 120. Whereas, in the case of a special register of holdings covered by company law, section 55 and § 56, the company must indicate who, at the time of the presentation of the annual report, be included in the special register, specifying full name and place of residence ; or to the business location of undertakings.
Corporate capital
§ 121. In the case of limited liability companies, the quantity and the value of the shares must be entered. If the share capital of several classes should be specified, these must be specified and the number of shares and their denomnifying values must be specified for each class.
§ 122. If the undertaking has accepted loans against the issue of convertible debacies, the amount of such loans shall be reported to the outside, exchange rate and the fixed deadline for the exchange of shares. The same applies to the drawing-drawing (warrants) character.
Paragraph 2. Where loans are taken against debt securities or other debt securities with the right to interest the size or part of which is dependent on the yield from the company ' s shares of the company or by the profit of the year, for each loan, the amount of the loan outstanding shall be given ; and the agreed-upon enforts.
§ 123. In the case of the company ' s holdings of own shares, the information :
1) The number and concurrent value of own shares included in the company ' s inventory and the percentage to which the inventory is made by the shareholding capacity.
2) The number and concurrent value of the own shares acquired or disposed of in the accounting year and the percentage of which they constitute of the share capital, as well as the amount of the total purchase and sales sum.
3) The reason given to the acquisitions of own shares that have been made during the financial year.
Paragraph 2. The people in paragraph 3. 1 discounting information shall be given separately for shares acquired for possession or furant.
Paragraph 3. The information provided in paragraph 1 1 and 2 shall be equivalent to shares of the undertaking forming part of the subsidiaries ' s holdings or are acquired or disposed of by subsidiaries during the financial year.
§ 124. It must be reported to what extent a possible safety fund is devoted to untaxed funds, as well as the purpose of the security fund following the company ' s statutes are bound.
§ 125. A possible difference between the amount of capital which may be used to cover the solvency capital requirement and own funds, in accordance with the balance sheet, must be specified.
Sensitive Information
§ 126. sensitivity must be given to the risks in accordance with the table in Appendix 13. The information need not be provided with comparison figures, cf. Section 5 (5). 3.
§ 127. (Unused)
Chapter 5
Management Report
§ 128. The management report shall
1) describe the business activities of the establishment,
2) describe the uncertainty about the calculation and measurement as far as possible with the indication of amounts,
3) describe unusual circumstances which may have affected the check or measure as far as possible with the indication of amounts,
4) account for the development of the undertaking ' s activities and economic conditions ;
5) mention significant events that have been taken after the closure of the financial year,
6) describe the expected development of the company, including specific preconditions and insecure factors that the management has provided for the description,
7) describe the company's knowledge resources if they are of particular importance for the future earnings,
8) describe the particular risks, including business and financial risks, which the undertaking may be affected by ;
9) description of research and development activities in or for the enterprise ; and
10) mention activities and branches abroad ; and
11) in annual reports containing a group accounts, a description of the corporate legal, management and organisational structure of the group includes extensive companies and major branches abroad. This description can be replaced by a reference to where an updated description is available, for example on your company's website.
§ 128 a. The Management Report shall contain information on the amount at the end of the accounting year of the establishment ' s solvency capital requirement and shall explain how the amount is calculated. The corresponding amount for the year in advance shall be made for comparison.
§ 129. The Executive Report shall describe the results of the year together with the anticipated trend in accordance with the latest published annual report, or, according to the latest published in the year, published expectations, and justify deviations in the outcome of the year ; here.
§ 129 a. Information on the leadership requirements of the company ' s governing board and management members in other business operators must be reported, with the exception of Leadership Shell in the company ' s own 100%. owned subsidiaries. If that member is in the management of another parent company as one or more of the 100% of its shall be one or more. Owned subsidiaries, it is no matter one. Act. suffix to provide the name of this parent undertaking and the number of its subsidiaries in which the person concerned is a management member.
$130. The Management Report shall include the Management Board ' s proposals for profit. The amount shall be given as a separate item in the own funds.
§ 130 a. A company that has one or more share classes with associated voting rights in a regulated market in an EU/EEA country shall complement the management report with information which creates transparency on the company ' s relationship with the purpose of promoting the free circulation of the company ' s shares. This information shall include the following :
1) Contain on company capital structure as well as ownership, including
a) the number of shares with attached voting rights and their denunciation of values,
b) the share of shares of affiliated voting rights which are not available for listing or trade in a stock exchange, an authorised market place or equivalent regulated market in an EU/EEA country,
c) a specification of the different shareclasses as specified in § 121, if the company has multiple shareholdings, and
d) information on the full name and place of residence, or of undertakings located, and the exact owner and stamping part of any person recorded in the special register of shares held in Section 120 of the company.
2) Information that is known to the company,
a) the rights and obligations associated with each stock class,
b) limitations of the transferability of shares and
c) the restrictions on the right to vote.
3) Rules for the designation and replacement of members of the company ' s board of directors, as well as for the amendment of the company ' s statutes.
4) The powers of the board, especially as regards the possibility of issuing shares, cf. section 155, or to acquire own shares, cf. Company Law, 198.
5) Any agreements concluded by the company which are effective shall be amended or expire if the control of the company is amended as a result of a successful takeover bids, and its effects. Information after 1. Act. however, may be omitted if the disclosure of information will be severely damaged by the company, unless the undertaking is expressly obliged to pass on such information under other legislation. Examination of information after 2. Act. shall be mentioned.
6) Agreements between the company and its management or staff, after which compensation is received if they are deprived or dismissed without a valid reason or their position as a result of a takeover bids.
Paragraph 2. Companies which are subject to paragraph 1. 1 may not provide information as provided for in § § 120 and 121.
§ 131. A company which has securities admitted to trade in a regulated market in an EU/EEA country must include a company management statement covering the following :
1) Information on whether the company is subject to a corporate governance code, with reference to the code of conduct which the undertaking may be covered.
2) Indication of where it is in point The code referred to shall be publicly available.
3) Indication of which parts of the item in paragraph 1 The code of conduct, the undertaking is derogating from, and the reasons for this, if the firm has decided to derogate from part of the code.
4) Indication of the reasons why the company does not use it in paragraph 1. 1. If the establishment has decided not to apply the code, the code shall be applied.
5) Reference to any other company management codes that the company has decided to apply in addition to or instead of the company ' s office. the code referred to in paragraph 1 or as a voluntary undertaking, specifying the same information as those referred to in paragraph 1. 2 and 3 led.
6) Description of the main components of the company ' s internal control and risk management systems in connection with the clearance of the accounts.
7) Description of the composition of the management bodies of the establishment and their committees as well as their function.
Paragraph 2. A company which is subject to paragraph 1. 1 and which alone have securities other than shares admitted to trade in a regulated market in a EU/EEA country, shall not give the products listed in paragraph 1. 1, no. The information referred to shall be 1-5 and 7, unless the company concerned shares shares in a multilateral trading facility in an EU/EEA country.
Paragraph 3. The decision to be taken pursuant to paragraph 1 1 shall be given in the context of the information referred to in Article 130 (a) in the management report, cf. however, paragraph 1 4.
Paragraph 4. The undertaking shall be unable to include the report pursuant to paragraph 1. 1 in the management report, if the management report contains a reference to the company's website, where the statement has been published. Publication on the company's home page assumes that the company fulfils the requirements for this as set out in the Enterprise Executive Order for the publication of the corporate governance statement and the statement of social responsibility on the company ' s premises ; home page, etc., with the necessary adjustments.
§ 132. A company that has securities admitted to trade in a regulated market in an EU/EEA country, as well as companies operating life-insurance, must complement the management report with a statement of social responsibility, cf. paragraph 2-8. For the purposes of social responsibility, companies are voluntarily integrating into other human rights, social conditions, environmental and climatic conditions, as well as the fight against corruption in their business strategy and business activities. If the company does not have social responsibility policies, this must be stated.
Paragraph 2. The statement shall contain information on :
1) Corporate policies for social responsibility, including possible standards, guidelines, or principles of social responsibility that the company uses.
2) How the company replaces its social responsibility policies to actions, including any systems or procedures for this.
3) The company ' s assessment of what has been achieved as a result of your company's work with social responsibility, as well as any expectations of your work in the future.
Paragraph 3. If the company has policies to respect human rights and to reduce the impact of the undertaking on the company's activities, the account shall be set out in accordance with paragraph 1. 1 explicitly contains information on these policies. If the establishment has such policies, paragraph 1 shall apply. 2 similar uses. If the company does not have such policies, this must be reported in the management report.
Paragraph 4. The decision shall be made in connection with the management report. However, the company may choose to give the account :
1) in a supplementary report to the annual report, cf. section 190 in the Act of Finance, for which reference is made in the management report, or
2) on the company ' s website to which reference is made to the management report.
Paragraph 5. Publication of the exposition in accordance with paragraph 1. 4, no. 1 or 2, assuming that the undertaking meets the requirements for this as set out in the Corporate Executive Order for the publication of the corporate governance statement and the statement of social responsibility on the company ' s website, etc., with the necessary conditions ; adjustments. § 193, 3. ., in the case of financial activities, the corresponding application shall apply to the account in cases where the statement is published elsewhere other than in the management report.
Paragraph 6. In the case of undertakings producing group accounts, the information requirements shall be sufficiently provided for in paragraph 1. 1-3 is given for the group as a whole.
Paragraph 7. A subsidiary that is part of a group cannot include the information contained in its own management report if the parent company meets the information requirements referred to in paragraph 1. 1-3 for the overall group.
Paragraph 8. An undertaking providing information on social responsibility according to international guidelines or standards as laid down in the announcement by the Corporate Management Declaration on the social responsibility by international guidelines or standards may omit to give : the information set out in paragraph 1. 1-3 under the conditions laid down in the said publication by the Danish Agency for the Administrative Board.
§ 132 a. Companies covered by the requirement in section 139 (a) (1). 1, in company law or Article 79 a, paragraph 1. 1, no. 1, in the case of a financial undertaking to set out the target figures for the underrepresented sex of the Management Board, account shall be taken of the status of the performance of the target figures, including, where appropriate, the establishment, where appropriate, of the established figure ; objective, cf. however, paragraph 1 3. For the statement, section 132 (2) shall be found. 4-8, corresponding use.
Paragraph 2. Undertakings that are required to develop a policy to increase the proportion of the under-represented gender in the other management levels of the company, in accordance with section 139 (a) (1). Paragraph 1, or Article 79 a (a), 1, no. 2, and paragraph 1. 4, in the law of financial activities, shall explain the policy, cf. however, paragraph 1 4. § 132, paragraph 1 2-8, applicable mutatis muth.
Paragraph 3. In the event of a non-representation of the one gender on the board, it is sufficient to inform the Commission in the Management Report. For the statement, section 132 (3) shall be found. 4, equivalent use.
Paragraph 4. In the event that there is no underrepresentation of one gender in the other management levels of the company, it is sufficient to inform the Commission in the Management Report. For the statement, section 132 (3) shall be found. 4, equivalent use.
TITLE III
Corporate Accounts and acquisitions
Chapter 6
Construction of group accounts
Duty to report group accounts
§ 133. The Agency ' s annual report shall contain a group account, unless otherwise provided by Clause 134 and § 136.
§ 134. A parent undertaking whose debt or self-capital instruments is not available for trade in a regulated market may not be used to draw up group accounts if it is a subsidiary of a higher parent undertaking which is governed by the law ; in an EU country or in another country with which the Community has concluded agreements ; and
1) the higher parent undertaking,
a) possess at least 90%. of the capital shares of the lower parent undertaking and the minority participants in respect of the senior management of this parent undertaking, that it does not leave the group accounts ; or
b) possess less than 90%. in the case of the capital shares of the lower parent undertaking and its supreme management not within six months of the expiry of the financial year, of minority participants who own at least 10% of the financial year. by the company capital, have received a call for the establishment of group accounts ; and
2) the account shall be drawn up by the higher parent undertaking in accordance with the legislation of the Member State to which the higher parent companies are included, and the group accounts shall be reviewed by persons authorized in accordance with this Member State ; legislation.
Paragraph 2. In addition, a parent undertaking whose debt or self-capital instruments is not available for trade in a regulated market may not be included in the group accounts if it is a subsidiary of a higher parent undertaking, which is a matter for the Member of the European Union ; the law of a country which is not governed by the law of a country of the European Union or in another country with which the Community has concluded agreements ; and
1) the senior management of the lower parent undertaking not within six months of the expiry of the financial year prior to the expiry of the financial year have received a call for the establishment of group accounts, and
2) group accounts shall be drawn up in accordance with the Council 7. Directive or by rules, which are at least equal to the rules of consolidated annual accounts of the said Directive, and are audited by persons authorized under the national legislation under which it is higher ; parent business is the business.
Paragraph 3. For the provisions of paragraph 1. 1 and 2 of exceptional exceptional cases shall also be required to :
1) the accounts of the lower parent undertaking and its subsidiary undertakings shall be included in the group accounts of the higher parent undertaking,
2) the lower parent undertaking in its annual accounts illus that it shall be informed pursuant to paragraph 1. Paragraph 1 or paragraph 1. 2 have failed to draw up group accounts and provide the name, location and registration number (CVR) number or registration number for the higher parent undertaking ; and
3) the lower parent undertaking, together with its annual accounts, shall submit it in paragraph 1. 1 and 2 of the Financial supervision (1) and additional information referred to in the Financial Regulation and the additional information to be required by the Financial Regulation.
§ 135. If a parent company may refrain from paying the group accounts, however, such a non-exclusive use of the company ' s own use shall be subject to the application of this notice of the use of the company.
Recreation of the consolidation
§ 136. All subsidiaries, cf. Section 5 (5). 1, no. 8, in the law of financial activities, shall be included in the group accounts at full consolidation.
Paragraph 2. A subsidiary in section 10 on assets in temporary possession shall be included in the group accounts in accordance with paragraph 1. 3.
Paragraph 3. Assets and obligations in subsidiaries covered by paragraph 1. The two shall be collected as a separate item on the stock side and the passieside of the balance of the group accounts. The result of the subsidiary shall be taken into account as a separate item in the profit and loss account of the group.
General requirements for the group accounts
§ 137. The accounting records shall show the assets and liabilities of the consolidated companies, their financial position, their result and other total income and the movement of the own funds as if they were a single company together.
Paragraph 2. When the consolidation is consolidated, the accounts shall be drawn up, so that uniform revenue and costs, and assets and liabilities shall be grouptogether. There must be adjustments necessary because of the special circumstances that apply to group accounts to the difference between annual accounts.
Paragraph 3. Corporate companies for which the conglomers are established during the financial year shall be included in the conception of the revenues and the costs of transactions and conditions arising after the date of establishment of the group.
Paragraph 4. Corporate companies for which the conglomers are to end during the financial year shall be included in the conception of the revenues and the cost of transactions and conditions which have occurred until the end of the date of contention.
§ 138. The balance of profit and balance of accounts and balance shall be drawn up in accordance with Appendix 2 to 5 and to the rules for classification and the position of the group ' s main activity. In groups where non-life business and life assurance business are of significant size, the results inventory shall be used in Appendix 5. If the size of non-life insurance is insignificant, the table in Annex 3 may be used.
Paragraph 2. For groups engaged in activities that are not fit to fit in the accounting records shown in Appendix 2-5, the additional items may be added to the rules in section 4 (4). 2.
Paragraph 3. Motherundertakings covered by Section 1 (1). 1, no. 3, may, upon authorization of the Financial supervision, derogate from the rules in section 4 (4). 2, by adjusting the presentation of the performance balance of the group accounts and the balance to activities that cannot be accommodates in the accounting records of Appendix 2-5.
Paragraph 4. The proportion of the mineral holdings of the own funds of the subsidiary undertakings shall be shown as a separate item under own funds. The proportion of the mineral holdings of its subsidiaries and other total income are related to the profit and loss of income. Ghosts on the own funds, cf. section 39, separate the share of the parent company and minority interests of total total income.
§ 139. The assets and liabilities included in the consolidation and revenue and costs shall be calculated and measured according to uniform methods in accordance with the provisions of this notice.
Paragraph 2. The group ' s accounts shall apply as far as possible the same methods for the calculation and the basis for measurement as in the annual accounts of the parent undertaking. Applies consolidated subsidiaries to other methods and basis in their own annual accounts, a new account shall be drawn up for the group ' s accounts, which shall be taken into account and measured in accordance with the methods and bases used in : The corporate accounts. Applies associated and common controlled undertakings other methods and grounds in their own annual accounts shall be required to adapt the associated and equity capital of undertakings to the establishment and equity of the undertakings, so that they are taken into account ; are measured in accordance with the methods and bases used in the group accounts.
Paragraph 3. Affiliates and joint controlled undertakings shall be included and measured in the group accounts according to the method of the internal value, cf. however, paragraph 1 4 and 5.
Paragraph 4. A joint controlled undertaking may be included in the group accounts at the pro rata consolidation. The items in the joint controlled undertaking shall be included in the proportion of the shares of the consolidated undertakings of the undertaking ' s own funds and the result. A joint controlled enterprise, which becomes an associated enterprise, is calculated and measured by the method of the inner value, cf. paragraph 3.
Paragraph 5. Assets and Commitment in Affiliates, Associates and Joint Controlled Companies, which are temporary in the company's possession and awaiting sales within a short period of time and where a sale is very likely, cf. § 10, is measured to the lowest value of accounting value and daily value deduced sales costs.
Paragraph 6. No depreciation shall be carried out on assets of subsidiaries, affiliated and joint supervised establishments covered by paragraph 1. 5.
§ 140. The following items shall be eliminated :
1) Accounts receivable and obligations between consolidated undertakings.
2) Income and cost as a result of transactions between consolidated undertakings.
3) Gains and losses as a result of transactions between consolidated companies that are included in the accounting value of the postal services.
§ 141. The annual report ' s management report, the statement of the accounting practices and the notes on the group accounts shall include information on the group as though the consolidated undertakings combined were one company. The provisions laid down in this notice for the management report, the accounts of the accounting practices and notes shall apply mutatis mutations to the group accounts.
Chapter 7
Corporate takeovers and mergers and so on
§ 142. When taking over another undertaking by merger or by taking on a business activity, the inherited assets and obligations of the business or business activity to day value shall be measured at the time of the acquisition.
Paragraph 2. Any positive difference between the total cost price and the value of the net assets at the time of acquisition shall be taken into account in the balance sheet of asset item I. Immaterial assets. The mail is called Goodwill.
Paragraph 3. Goodwill is estimated at each clearance of accounts and written in the event of a depreciation of values.
Paragraph 4. Any negative difference between the total cost of the total cost and net value of the net assets at the time of acquisition shall be calculated as a revenue in the profit and loss account.
Paragraph 5. Paraguation of 1 to 4 shall apply mutatis muctis to the group ' s annual accounts in the acquisition of a subsidiary, cf. however, section 143.
§ 143. If two undertakings which are either merging or establishing a group relationship, are both subject to the same parent company in a group relationship or, incidentally, are subject to the influence of the same interest, may the concentration or the group ' s loss shall be subject to the same parent activity. be treated according to the merger method, cf. paragraph 3.
Paragraph 2. The method of association may, by the way, be used in the case of company takeovers or mergers that involve mutual companies or pension funds only in the case of company takeovers or mergers.
Paragraph 3. After the merger procedure, the accounts shall be paid to the group accounts, respectively, for the period during which the merger has been made, as though the companies had been together with the earliest accounting period involved in the accounts. The difference between the sum paid for capital as well as possible overhead with the addendum of any cash payment and the accounting internal value of the inherited company shall be attributed clearly to the accounts of the company concerned ; reserves which may be used to cover deficits.
Fusion Accounting and so on
§ 144. Where a concentration or similar provisions in legislation are drawn up in accordance with the provisions of the legislation, they shall be drawn up in accordance with the rules laid down in section 142 or section 143.
TITLE IV
Partial reports
Chapter 8
Preparation of the semi-annual report
§ 145. The half-annual report, cf. Section 2 shall contain results and other total income for the period 1. January to 30. June, with comparison figures from the corresponding six-year period of the year before and balance per year. 30. June with comparison figures from the balance at the end of the year before. If the company is newsfound and has not produced its first annual report, the profit and loss account shall cover the period from the foundation to 30. The comparison number of the June and the balance sheet must be from the company's opening balance sheet. The result-rate and balance sheet figures shall be made in accordance with the rules of the annual report and shall be drawn up in accordance with Annex 2-5.
Paragraph 2. For undertakings whose annual report is to contain a group accounts, the half-yearly report shall include a mid-year group accounts drawn up in accordance with paragraph 1. 1.
Paragraph 3. The Semi-annual report, including the annual accounts on a semi-annual basis, shall contain a management report, which at least describes important events that have occurred in the case of the indication of the importance that they have for the accounting figures. The Management Report shall also describe the main risks and non-safety factors which the undertaking is subject to the remaining six months of the financial year. If there has been a larger transaction with close quarters, these shall be described.
Paragraph 4. The Semi-annual report, including the mid-year accounting records, shall include the comments, key figures and the specifications for the accounting figures necessary to describe and explain the progress of the period. The company must indicate whether accounting practice has been unaltered in relation to the accounting practice of the latest submitted annual report. In the case of alteration in the accounting practice, the undertaking shall indicate the nature of the change and indicate the amount of the amount to be applied to the company ' s performance and own funds.
Paragraph 5. If the half-year report has been revised, the audit shall be given in its entirety in its entirety in the report. The same applies if there is a reviewdeclaration from the auditor. If the semiannual report has not been subject to review or review, this must be stated in the report.
Paragraph 6. The Semi-annual report shall include a management drawing that meets the requirements of section 185 of the Act of Financial Company.
Paragraph 7. The five-year report shall be submitted to the Financial supervision by 31. August. The five-year report shall be publicly available, for example, at the company ' s Internet address, or by interested in the submission of the half-year report or sent by inquiries to the establishment.
Preparation of quarterly reports
§ 145 a. If the company publishes quarterly reports, these must be drawn up in accordance with the rules laid down in Article 145 (3). One to six, with the adaptations which needed to be made by the fact that this is a quarterly report and not a half-yearly report. However, a parent undertaking shall not include its own accounts, so that the quarterly report only includes the group accounts on a quarterly basis.
Paragraph 2. The financial information published by the establishment may not be designated quarterly reports unless they meet the requirements laid down in paragraph 1. 1 or the requirements of a partial annual report following international accounting standards, cf. Section 1 (1). 2.
Paragraph 3. Any quarterly reports shall be submitted to the Financial supervision immediately following that of its publication.
Section V
Criminal provisions and entry into force and transitional provisions
Chapter 9
Penalty provisions
§ 146. Intentional or gross negligence violation of sections 2 to 39, section 41-81, 83-90 or 91 a-145 a penalty penalty.
Chapter 10
Entry into force and transitional provisions
147. The announcement shall enter into force on the 31. In December 2015, the first time shall apply to annual and partial annual reports for financial years beginning 1. January 2016.
Paragraph 2. The rules laid down in this notice on account and measurement of inherited assets and undertakings in respect of company takeovers and mergers and so forth shall not apply to takeovers and mergers and other concentrations, etc., which have taken place before 1. January 2005.
Paragraph 3. Goodwill, who had to be in the balance a year. 31. In December 2004, according to previously applicable rules, shall no longer be written in accordance with the provisions applicable as it was considered, but shall be assessed for degradation in accordance with the provisions of this notice and shall be assessed by 1. January 2004.
Paragraph 4. The rules in this notice on the equity-based remuneration shall apply only to programmes established under the 1. January 2004. For applications established before the 1. In January 2004, the company may choose to allow the provisions of this notice to apply. If the programme is established on 7. However, the company may, in January 2002 or earlier, apply the provisions of the notice if the establishment ' s fair value at the time of establishment has been enlightened.
Paragraph 5. Amendment of the methods of taking into account and measuring intangible assets, cf. sections 60 and 61 may occur in such a way that only the circumstances of the financial year 2003 and later are taken into account and measured in accordance with the rules of the notice.
Paragraph 6. For establishments which have previously submitted annual accounts following the notification of the financial accounts of the indemnity accounts, the requirement that the omissions in domicitenancy should be calculated in the Prepreciation reserve shall be taken into account in the form of the Predepreciation reserve. use on the part of the revaluation amount, which is higher than the highest of the following amounts :
1) The value to which the property concerned was employed in the annual accounts on which the executive order is published. 723 of 27. In November 1989 on the annual accounts of the indemnitiaries last time, it was applied.
2) Acquisition price.
Paragraph 7. For undertakings which have previously submitted annual accounts for the proclamations of the annual accounts of the annual accounts of life assurance undertakings and the annual accounts of the life-assurance undertakings, the requirement that the omission of the domicitential should be included in the post office shall be deemed to be the same as : Revaluation reserve only use on the part of the depreciation amount which lies beyond the value of the daily value per day ; 31. December 2003.
Paragraph 8. Entities operating life-assurance business, which must indicate the key figure Risk of yield to market interest products in the five-year summary, cf. § 91 a and Annex 9 may only give this key figure from and with the year 2016. The requirement for the use of the 36-month caste data will be reduced for a transitional period so that the maximum number of monthly data for each year is used for the use of aphistas data from and from January 2016.
Niner. 9. Publication no. 112 of 7. February 2013 on financial reports for insurance undertakings and transverse pension funds is hereby repealed. However, the decision shall apply to annual reports and partial annual reports relating to the financial year 2015.
Erk, the Ministry of Acquist, the 27th. July, 2015
Kristian Vie Madsen
/ Flemming Petersen
Appendix 1
Definitions
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Appendix 2
Balance Schema
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Appendix 3
Results of the resulting recovery scheme for life assurance undertakings
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Appendix 4
Indemnification scheme for damage insurance undertakings
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Appendix 5
Result statement schema for conglare
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Appendix 6
Concepts used by transverse pension funds
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Appendix 7
Measurement of the property's daily value
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Appendix 8
Specification of the information requirements in section 100 (3). 4, 5, and 8, as well as in section 101
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Appendix 9
Summary of the main and key figures for enterprises operating life assurance
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Appendix 10
Five-year overview of the main and key figures for companies operating non-life-insurance undertakings
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Appendix 11
Specification of assets and their return
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Appendix 12
Rules for the fulfilment of the table in Appendix 11
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Appendix 13
Schema for sensitivity information, cf. § 126
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Appendix 14
Table of Contents
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1 The announcement contains provisions which implement parts of Council Directive 91 /674/EEC of 19. December 1991 on the annual accounts and consolidated accounts of the Community Official Journal of the Insurance Communities L374, s. 7, parts of Directive 2004 /25/EC of the European Parliament and of the Council of 21. April 2004, on takeover bids, EU Official Journal. L142, s. 12 and parts of Directive 2004 /109/EC of the European Parliament and of the Council of 15. In December 2004 on the harmonisation of transparency requirements for information concerning issuers whose securities are included in trade in a regulated market and amending Directive 2001 /34/EC EU Official Journal. L 390, s. 38.