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The Regulation On Financial Statements For Non-Life Insurance Companies

Original Language Title: Forskrift om årsregnskap for skadeforsikringsselskaper

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The regulation on financial statements for non-life insurance companies Date-2015-12-18-1775 Ministry Ministry of finance published in the 2015 booklet 16 entry into force 01.01.2016 last modified the Change FOR-1998-12-16-1241 applies to Norway Pursuant LAW-1998-07-17-56-section 8-1, LAW-1998-07-17-56-section 10-1 Announced at 30.12.2015. 15:00 short title regulations on financial statements for non-life insurance companies Chapter overview: Chapter 1. General provisions (§ § 1-1-1-8) Chapter 2. The annual report and the annual report (§ § 2-1-2-8) Chapter 3. Accounting principles, etc. (§ § 3-1-3-12)
Chapter 4. Income statement, balance sheet, statement of changes in equity and cash flow statement (§ § 4-1-4-20) Chapter 5. Note: information (§ § 5-1-5-57) Chapter 6. Interim financial statements (§ § 6-1-6-4) Chapter 7. Final provisions (§ § 7-1-7-2) legal authority: Ministry of finance laid down by 18. December 2015 under the legal authority of the Act 17. July 1998 No. 56 accounting etc. (accounting) § 8-1 the third paragraph and section 10-1 the first paragraph.

Chapter 1. General provisions § 1-1. Forskriftens scope (1) these regulations apply to non-life insurance companies, cf. Law 10. June 2005 Nr. 44 about insurance companies, pension companies and their business, etc. (insurance).

(2) these regulations also apply to holding companies, including financial foundations, who owns the insurance company.

(3) the regulation applies to branches of foreign non-life insurance companies, with the exception of Chapter 6 of the interim financial statements.

(4) For the mixed financial group applies the following provisions so far they fit: a) provisions on the consolidated financial statements in the fiscal law, b) regulations on the financial statements and for banks, insurance companies and the parent company for such, c) regulations on financial statements for life insurance, d) this regulation.

(5) For corporations with life insurance business the following provisions so far they fit: a) provisions on the consolidated financial statements in the fiscal law, b) regulations on financial statements for life insurance, c) this regulation.

(6) Fiscal law of small enterprises shall not apply.

§ 1-2. The application of international accounting standards in the company's financial statements the financial statements are prepared in the Company to comply with the regulations of the international accounting standards issued pursuant to the accounting Act § 3-9 the second paragraph unless otherwise provided by this regulation. The accounting Act § 3-9, third paragraph, fourth paragraph, second sentence, as well as regulations issued pursuant to the accounting Act § 3-9 fifth paragraph does not apply.

§ 1-3. The application of international accounting standards in the consolidated financial statements (1) companies that do not use the access after the accounting Act § 3-9 fourth paragraph first sentence to prepare the consolidated financial statements for the international accounting standards, to prepare consolidated financial statements under the provisions of this regulation.

(2) For the consolidated financial statements that are prepared according to international accounting standards in accordance with the accounting Act § 3-9 first paragraph and fourth paragraph first sentence, applies only to the following provisions of this Regulation: section 2-1, section 2-3, section 2-4, § 5-28, § 5-36 first and second paragraph, section 5-42, section 5-43, section 5-51, § 6-1 and section 6-4.

section 1-4. Exception to the accounting Fiscal law § 3-1 the third paragraph about exceptions from the provisions of the accounting Act, apply to the preparation of the company's accounting and corporate accounting as mentioned in this regulation § 1-3 the first paragraph unless otherwise provided by this regulation.

section 1-5. Definition of large companies that large companies are considered: a) Companies which are included in the consolidated group accounts there are prepared for international accounting standards in accordance with the accounting Act § 3-9 and b) companies which have issued securities on the regulated market in an EEA Member State.

section 1-6. Definition of small companies (1) that small companies are considered companies with overdue gross prizes (cf. § 4-4 record 1.1) that do not exceed 40 million dollars on the balance sheet date.

(2) companies that have more than 40 million dollars in overdue gross prizes on the balance sheet date, but which was covered by the first paragraph of the preceding balanseår, is considered as small companies.

(3) companies as in the two previous fiscal years have had more than 40 million dollars in overdue gross prizes, but as at the balance sheet date have less than 40 million dollars in overdue gross premium income, however, is considered to be not as small companies.

section 1-7. Definition of medium-sized companies that medium-sized companies are considered companies which neither are large, jf. § 1-5, or small, jf. section 1-6.

§ 1-8. Own insurance (captives) and branches of foreign non-life insurance companies Own the insurance companies (captives) and branches of foreign non-life insurance companies that are considered large corporations under section 1-5, can apply the requirements to give the note information regarding for medium-sized companies.

Chapter 2. The annual report and the annual report section 2-1. The obligation to draw up annual accounts and annual report proposal for annual report and the annual report to be adopted by the Board of directors within three months of the fiscal year's end.

section 2-2. True and fair view If the application of a provision of Chapter 3 to 5 is incompatible with the obligation to give a true and fair view of the financial statements, to the provision waived to give a true and fair view as provided for in the accounting Act § 3-2a the first paragraph.

§ 2-3. Years of beretningens content (1) if the company's capital coverage does not meet the current minimum requirements or otherwise not justifiable in relation to the business, the Board shall give an account of this and make a statement about the measures that are hit or to be taken to ensure the company's operation.

(2) it is to be given a description of the financial risks that the company is, and through the fiscal year has been, exposed to. The Board shall give an account of the goals and strategies laid down for risk management, and the relationship between these and the company's overall goals and strategies. It is to be given an overall description of the company's risk management and organization of this.

§ 2-4. Limitations in the exception from corporate fiscal duty (1) the accounting Act § 3-7 may only apply if the insurance company's parent company is subject to this regulation or regulation on financial statements for life insurance.

(2) if the insurance company's parent company also has daughter company that follows other assessment rules after this regulation or have subsidiaries that are subject to the regulation on financial statements and more for banks, finance companies and the parent company for such, the parent company in the group still preparing the consolidated financial statements.

(3) the financial supervision in particular cases may make exceptions from the first and second paragraph.

section 2-5. Horizontal business units (1) financial group without the parent company which is approved under the provisions of the financial business Act Chapter 17, to draw up the consolidated financial statements.

(2) Consolidated financial statements for the business unit include the horizontal to the cooperative companies, as well as their subsidiaries.

(3) consolidated accounts shall be drawn up by the rules that apply to the Corporation in the fiscal law and this regulation.

§ 2-6. Exception from corporate accounting obligation for foundations in the accounting ledger Obligation law section 3-2, third paragraph, to prepare consolidated financial statements does not apply to the financial foundations that only has as purpose to manage the ownership interests in only one subsidiary.

section 2-7. Presentation currency Accounting Act § 3-4 second paragraph does not apply. The financial statements shall be presented in NOK.

section 2-8. Public disclosure (1) the annual financial statements, the annual report and audit report shall, for the determination of the annual financial statements, without unnecessary stay made public on the company's website on the Internet. The company shall ensure that the annual accounts, the annual report and the audit report remain public in at least five years. The financial authority may order the company to create the home page on the Internet. By the way has any right to familiarize themselves with the contents of the documents of the register.

(2) the first paragraph does not apply to branches of foreign insurance companies, cf. the accounting Act § 8-1 the second paragraph.

Chapter 3. Accounting principles, etc.

§ 3-1. The insurance contracts, etc.
(1) Insurance technical provisions should be recognised and measured in accordance with section 3-2 to § 3-5.

(2) it's still access, but not the obligation, to measure embedded derivatives in insurance contracts are separated from the host contract in accordance with IFRS 4.7.

(3) IFRS 4.10 letter b does not apply.

(4) there is access, but not the obligation, to make additional provisions to the insurance obligations in accordance with the IFRS and IFRS 4.14 4.15 letter b-19.

(5) an insurance obligation to be removed from the balance sheet when, and only when, it has ceased.

(6) return the insurance shares will be recognised as property. Return the insurance percentage of the gross insurance provisions technical includes the amount that the company expects to receive from insurance companies, according to the settlement of the return the insurance contracts. If the return the insurance agreement has fallen in value, shall return the insurance andelens carrying amount is reduced accordingly. A return the insurance percentage has dropped in value if and only if the criteria in IFRS 4.20 is met.

(7) the access by the IFRS-29 to 4.21 to change the accounting policy for the insurance contracts do not apply.

(8) the insurance contracts purchased by a business combinations or portfolio acquisition will be recognised and measured in accordance with section 3-5. The difference between the fair value of the contractual rights and repossessed insurance insurance obligations and the amount after the first sentence, should be recognised as intangible asset (the allowed the solution after IFRS 4.31, second sentence is to be applied). The subsequent measurement of this asset will be in accordance with the measurement of the related insurance liability.


section 3-2. Provision for nature damage fund provision for nature damage Fund should be classified as equity and is recognised and measured in accordance with the Act 16. June 1989 Nr. 70 on the nature of damage insurance and its associated regulations.

section 3-3. Provision for warranty Provision to guarantee scheme should be classified as equity and is recognised and measured in accordance with the law 6. December 1996 No. 75 (bank guarantee law) Chapter 2A with the corresponding regulation.

section 3-4. Deferred tax The deferred tax should not be calculated by the insurance technical provisions classified under equity or of the reassuranseavsetninger.

§ 3-5. Insurance obligations (1) the provision for unearned gross premium should correspond to the portion of the overdue gross prizes such as at the balance sheet date they do not apply to parts of the avløpte insurance coverage periods. Overdue gross premium shall include all gross premium until the first hovedforfall no matter what the practice that is assumed for the use of the forward prizes. It should not be made deductions for costs of any kind before the overdue gross Prize periodiseres.

(2) provision for not avløpt risk should correspond to the expected gross replacement costs and the expected direct and indirect damage treatment costs for damage cases as at the balance sheet date are not occurred, but that is expected to occur in the period up to the first hovedforfall, to the extent that these costs cannot be considered to be covered by the provision for unearned gross premium.

(3) the gross replacement provision should correspond to the expected future gross replacement costs for all injury cases as at the balance sheet date have occurred, but not settled. The provision should include the expected direct and indirect damage treatment costs in connection with such damage cases. It should be taken into account expected cost increases.

(4) the replacement sales calculated in accordance with the third paragraph can only diskonteres in those cases where there is a reliable statistical basis to fix a) how long it will take to get through the individual damage vintages, b) the expected premiums for the individual winding up wounds.

(5) by discounting of the replacement sales in accordance with the rules provided in the fourth paragraph, the discount rate shall not exceed a careful assessment of expected future returns on the company's assets, jf. distribution law § 13-10. The discounted replacement provision shall not under any circumstances be set to a lower amount than the amount arising when replacement sales are valued based on the price level on the balance sheet date.

§ 3-6. One-year pure risk insurance (life insurance) life insurance policies as stated in the insurance section 1-3, second paragraph, second sentence, shall be recognised and measured in accordance with the regulations on the financial statements for the life insurance section 3-3.

§ 3-7. Financial instruments financial instruments are recognized and measured in accordance with IAS 39 with the exception of financial instruments not covered by the standard's scope, cf. IAS 39.2.

section 3-8. Investment properties investment properties are recognised and measured in accordance with IAS 40.

§ 3-9. The owner took the property owner used property to be recognised and measured in accordance with IAS 16.

section 3-10. Measurement at fair value the assets and liabilities that are measured at fair value under IFRS, should be measured in accordance with IFRS 13.

section 3-11. Employee benefits employee benefits, including pension liabilities, are recognised and measured in accordance with IAS 19.

§ 3-12. Access to set aside the measure-and innregningsregler in IFRS (1) IFRS can be waived in accordance with regulation 21. January 2008 No. 57 on application of simplified international accounting standards section 3-1 and § 3-2 No. 1 and 9.

(2) medium-sized and small companies can in areas that are not specifically regulated in this chapter apply accounting Chapter 4 and 5 instead of IFRS.

Chapter 4. Income statement, balance sheet, statement of changes in equity and cash flow statement section 4-1. Income statement, balance sheet and cash flow statement accounting Chapter 6 do not apply.

§ 4-2. Splitting or merging of records (1) master records and under entries to be be divided further when the company's circumstances warrant. it is not allowed to add new master records or change the order of the main items.

(2) Under the records within the same master record to be merged if the merger leading to a more transparent financial statements, with the exception of the third, fourth and fifth paragraph.

(3) Under the records in the result accounts under the following master records cannot be merged: premium income (record 1), replacement costs (record 3), and other income components (post 15).

(4) in the balance sheet Under the applicable records insurance obligations, return the insurance shares and equity, cannot be merged.

(5) claims on and liabilities to the daughter companies, associated companies and joint ventures controlled, to appear separately as under records to the individual balance sheet record.

section 4-3. Cash flow statement the cash flow statement should provide a record of receipts and payments and explain the liquidity changes.

In the Setup section 4. plan-4. The Setup plan income statement the income statement should have the following Setup plan: TECHNICAL ACCOUNTING 1. Premium income etc.
1.1 Earned gross prizes 1.2-return the insurance percentage of earned premium income, total gross premiums for own account 2. Other insurance related income 3. Replacement costs 3.1 Gross replacement costs 3.2-return the insurance's share of the gross replacement costs Total replacement costs at their own expense 4. Insurance related operating costs 4.1 sales costs 4.2 changes in prepaid direct sales costs 4.3 Insurance administrative costs related to inclusive. commissions for received reinsurance 4.4-Received commissions for reinsurance ceded away and gain shares Total insurance related operating costs 5. Other insurance-related operating expenses 6. Change in provision for risks not avløpt 7. Result of technical accounting non-TECHNICAL ACCOUNTING 8. Net income from investments 8.1 income from investments in the subsidiary companies, associated companies and joint ventures controlled 8.2 Interest income and dividends etc. on financial assets 8.3 Net operating income from property value changes on investment 8.4 8.5 Realized gains and losses on investments linked to management costs 8.6 investments, including interest costs Total net income from investments 9. Other income 10. Other expenses 11. Result of the non-technical accounting 12. Result before tax 13. Tax 14. Income before other income components 15. Other score components 15.1 Safety Regulations-property, plant and equipment 9.4 Safety Regulations-intangible assets 9.5 Aktuarielle gains and losses on defined benefit pension plans-employee benefits 15.4 from Exchange rate differences foreign business 15.5 gains and losses on financial assets available for sale Effective share of 9.7 gains and losses on hedging instruments in hedging cash share of power 9.8 other score components by the application of the equity method 9.8 tax on other score components 16. TOTAL SCORE section 4-5. The Setup plan balance the balance sheet should have the following Setup plan: ASSETS 1. Intangible assets Goodwill Other 1.1 1.2 intangible assets Total intangible assets 2. Investments 2.1 buildings and other fixed properties 2.1.1 2.1.2 investment property Owner used property 2.2 Daughter companies, associated companies and joint-controlled companies stocks and shares in 2.2.1 daughter companies, associated companies and joint-controlled enterprises 2.2.2 claims on and securities issued by subsidiary companies, associated companies and private companies controlled the financial assets that are measured 2.3 at amortized cost 2.3.1 Investments as held to maturity 2.3.2 Out loans and receivables 2.4 financial assets that are measured at fair value 2.4.1 stocks and shares (including shares and shares measured at cost)
2.4.2 bonds and other securities with fixed yield 2.4.3 lending and receivables derivative financial instruments 2.4.4 2.4.5 Other financial assets 2.5 Return insurance depots Sum 3. Return the insurance percentage of gross insurance liabilities 3.1 Return insurance share of unearned gross premium 3.2 Return insurance share of gross replacement Sales Total return the insurance percentage of gross insurance liabilities 4. Receivables Receivables in connection with the 4.1 direct business 4.1.1 4.1.2 4.2 Policyholders between men Claims in connection with reinsurance 4.3 other receivables Total receivables 5. Other assets plant and equipment 5.1 5.2 5.3 the tender, bank Assets by tax other assets after 5.4 termed their art total other assets 6. Prepaid expenses and earned income not received 6.1 Earned, not received rental income 6.2 Prepaid direct sales costs 6.3 Other prepaid expenses and earned income not received Total prepaid expenses and earned income not received TOTAL ASSETS EQUITY and LIABILITIES 7. Paid-in capital 7.1 7.1.1 equity share capital/owner share capital/guarantee fund 7.1.2 Treasury shares/EC 7.2 the share premium 7.3 equity ratio of compound financial instruments and other equity instruments 7.4 Other paid-in capital amount of paid-in capital 8. Retained earnings 8.1 Fund etc.
8.1.1 Fund valuation 8.1.2 8.1.3 equity provision for nature damage fund provision for warranty 8.1.4 8.2 Other retained earnings Total retained earnings 9. Responsible loan capital, etc.
9.1 perpetual responsible loan capital 9.2 Responsible loan capital with the associated conversion rights 5.8 Other responsible loan capital 5.8 Fund bonds

Total responsible borrowing capital, etc.
10. Insurance obligations provision for gross 10.1 not earned gross premium 10.2 provision for not avløpt risk 10.3 Gross replacement Sales Total gross insurance liabilities 11. Provisions for obligations 11.1 pension liabilities, etc. 11.2 Obligations by tax current tax liabilities 11.2.1 11.2.2 liabilities deferred tax liabilities Other provisions for 11.3 Total provisions for liabilities 12. Premium depot from insurance companies 13. Obligations 8.1 in connection with Obligations direct insurance Liabilities in connection with the 8.2 reinsurance Obligations to credit 13.3 13.4 13.5 Other derivative financial instruments liabilities Total liabilities 14. The costs incurred and not received earned income 14.1 Received, not earned rental income 14.2 other incurred costs and received no earned income Total accrued costs and received not retained earnings TOTAL EQUITY and LIABILITIES RECORDS OUTSIDE the BALANCE SHEET 15. Contingent liabilities 16. Commitments section 4-6. Statements of changes in equity That is to be presented a statement of changes in equity showing: (a) the total score for the period (the resulting 16), showing separately the total amount that can be attributed to the parent company's owners and to the minority interest, (b) for each record in the equity, the effects of changes in accounting principles and corrections of error recognized in accordance with IAS 8, (c) for each constituent of the equity , a reconciliation between the carrying amount at the beginning and end of the period, with separate information about changes that follows from the result before result-other components (the resulting 14)-second score components (score from post 15) specified on the individual under records (the resulting 9.4-9.8) transactions with owners in their capacity of owners, with a separate view of the contributions by and distributions to owners.

section 4-7. Profit and loss statement for the holding company For the holding company that is not driver insurance, the non-technical deployment in the income statement is used.

§ 4-8. The consolidated fiscal account setup plan (1) the consolidated financial statements for the injury and life insurance group to be set up as follows: a) the income statement are set up according to § 4-4 and the regulations on the financial statements for the life insurance section 4-4, so that technical accounting for, respectively, damage insurance and life insurance arising separately. In non-technical accounting records with the same content can be merged.

b) Balance be set up pursuant to § 4-5 and the regulations on the financial statements for the life insurance section 4-5. Under records subject to different valuation rules cannot be merged, but to be specified on separate under the records or master records.

(2) if the shares or interests in a subsidiary owned by other than the consolidated companies, their share of the equity and this year's score counts as a minority interest. Minority interest be listed under equity in the balance sheet, and that the deduction in the year the result in the income statement.

II. Income statement section 4-9. Premium income etc. -score record 1 "Earned gross premium" is calculated as "overdue gross premium" corrected for change in "provision for unearned gross premium". "Overdue gross premium" includes any amount that the insurance company in the fiscal period have received or have to good for direct drawing insurance contracts insurance contracts and return where repossessed the insurance period is started before the end of the fiscal year.

section 4-10. Replacement costs-score record 4 (1) "Gross replacement costs" is calculated as "paid gross replacements" corrected for change in "gross replacement provision". "Paid gross replacements" includes all gross replacement amount in the fiscal period is paid to policyholders or other eligible for insurance agreements with the addition of the company's external and internal damage treatment costs in connection with these replacement amounts.

(2) companies that buy external damage/injury treatment-settlement services for all or part of the damage that affects the company, to allocate the costs associated with these services between the replacement costs (paid replacements and replacement provisions) and insurance related administration costs.

section 4-11. Insurance related operating costs-the resulting 6 (1) "sales costs" include the direct and indirect costs arising from the sales activity by the making and renewal of insurance contracts. Sales cost includes direct attributable costs that salary and operation of sales Corps, indirect costs related to marketing, and administrative costs in connection with the purchase of insurance and poliseutstedelse.

(2) Direct variable sales costs can be capitalized when they are essential for the company.
Cost management to happen in step with revenue recognition of the prize, but at least with a fifth annually.

(3) "Insurance related administration costs" includes all other insurance related operating costs that cannot be attributed to the "sales costs" or "replacement costs", cf. score from post 3.

III. Balance section 4-12. Bonds, etc. Securities with variable interest rates linked to specific referansesatser, eg. interbankrente or euromarkedrente, are to be considered such as bonds and other fixed income securities with fixed returns.

§ 4-13. Return the insurance depots-balance record 2.5 (1) on the balance sheet of a company that receives reinsurance, to record "return the insurance depot" include those claims on avgivende company that responds to the security that is deposited with these or with third parties, or that these companies have held back.

(2) these claims cannot be merged with other receivables gjenforsikrer have on avgivende insurance company, or in debt to be offset against gjenforsikrers the avgivende insurance company.

(3) securities that are deposited at a avgivende company or with third parties and that remain return the insurance company's property, to be posted by the latter company as investeringsaktiva under the relevant post.

§ 4-14. Paid-in capital-treasury stock balance record 7/EC are brought to face value.

section 4-15. Provision for nature damage Fund and provision for guarantee scheme-the balance sheet accounts 8.1.3 and 8.1.4 (1) with provision for nature damage the Fund understood the provision by law 16. June 1989 Nr. 70 on the nature of damage insurance and regulations 21. December 1979 No. 3420 about instructions for the Norwegian Nature damage pool.

(2) with provision for guarantee the scheme understood sales by law 6. December 1996 No. 75 (bank guarantee law) Chapter 2A and regulations 22. December 2006 Nr. 1617 warranty scheme for damage insurance.

section 4-16. Provisions for liabilities-balance record 11.3 Record includes provisions for obligations on the balance sheet date are considered to be probable, or certain, but where there is an uncertainty with respect to the amount or the due time.

section 4-17. Premium depot from insurance companies-balance record 12 (1) "Premium depot from insurance companies" in a avgivende insurance company balance sheet shall include amounts that are deposited or held back from the other insurance company according to return the insurance contracts.

(2) the amount specified in the first paragraph may not be offset against the debt or claims on other affected company.

(3) if the avgivende insurance company has received securities for deposition and gained the right to property, transferred this record include the amount it avgivende company should pay according to the deposit.

IV. Outside the balance sheet section 4-18. Management of assets assets that is managed in the name and on behalf of third parties, should not be listed in the balance sheet.

§ 4-19. Contingent liabilities out of balance all the guarantees that the company has the responsibility and the assets that are held as collateral on behalf of third parties, shall be brought under this entry.

section 4-20. Commitments outside the balance sheet (1) Irrevocable commitments that will be able to lead to future costs//loss, are included in this entry.

(2) if the company has disposed of assets where the transferee has the right, but not the obligation, to reverse the overdratte assets of the company to a set amount and on the scheduled time, to the agreed price in the case of reciprocal purchases are listed under this entry.

(3) the Obligation to list outside of the balance, does not include commitments that are related to the insurance business.

Chapter 5. Note: information. section 5-Initial provisions 1. General provisions (1) the requirements for disclosures by fiscal law Chapter 7 and IFRS can be waived unless otherwise follows from the provisions of this chapter. In areas that are not specifically regulated in this chapter, it shall by demanding vacation from the IFRS information is provided according to the requirements for good accounting practice as far as it is relevant, whether the standards are final or preliminary.

(2) it shall be given information about the simplifications from IFRS after this Regulation section 3-12 that is used.

section 5-2. General disclosure (1) in the notes to the financial statements should be given information as mentioned in this chapter. In addition, it should be given the information necessary to judge the regnskapspliktiges or the Group's position and score and that is not the financial statement emerges by the way.

(2) the information may be omitted when they are not of importance for an assessment of the regnskapspliktiges or the Group's position and score. It should still always be given information as mentioned in section 5-42, section 5-48 second paragraph and section 5-51.

section 5-3. True and fair picture (1) if the application of the provisions of the accounting Act and this regulation are not sufficient to give a true and fair view as mentioned in the accounting Act § 3-2a the first paragraph, it should be given additional information.


(2) if the company is engaged in activities with significant risk or significant benefits that are not recognised in the balance sheet, should additional information after the first paragraph include a description of the financial effect and the purpose of them.

(3) any waivers as mentioned in section 2-2 and the accounting Act § 3-2a second paragraph should be entered.
The accounting Act § 7-1 sixth paragraph, second sentence applies.

§ 5-4. Information about the accounting principles, etc.
(1) it shall be given information about important accounting policies and the key sources of estimation uncertainty in accordance with IAS 1.117-133. Changes in the principles used to be justified.

(2) it shall be stated whether the subsidiary uses accounting policies other than those used in the parent company's corporate accounting.

(3) Continuity when accounting for merger should be stated and justified.

(4) It should be to clarify the background of transferred investment allocated.

section 5-5. Effect of change of accounting policy, etc. It should be stated whether the effect of the change of accounting policy. If the comparison is not restated, the impact of the change indicated in note. It's going to be significant errors in previous years ' accounting that are brought against equity.

section 5-6. Information about the fair value (1) large companies to provide information about fair value in accordance with IFRS 13.

(2) medium-sized and small companies will be for assets and liabilities that are measured at fair value: a) state whether the valuation methods and the input that was used, b) state whether the level within the hierarchy of fair value where the measurements of fair value in its entirety is categorized, c) where measurements of fair value are categorized in level 2 or 3, give a description of the valuation methods and the input that was used. If there is a change in the valuation method, the company should disclose this and justify the change.

II. Insurance contracts § 5-7. Information about insurance contracts (1) large companies to provide information about the insurance contracts in accordance with IFRS 4 as well as § 5-9 to § 5-11.

(2) medium-sized and small companies to provide information about the insurance contracts in accordance with § 5-8 to section 5-11.

section 5-8. The impact of the change in assumptions it should be stated on the impact of changes in assumptions for insurance technical calculation basis used by the measurement of the insurance liabilities, with a separate indication of the impact of the changes that have a material impact on the financial statements.
The same applies for the change of the measurement of the return insurance.

section 5-9. Insurance technical provisions (1) it shall for all non-life insurance industries, jf. section 5-10 different to the fourth paragraph, provided an overview of the provision for unearned gross premium and gross replacement sales.

(2) if the company by the calculation of the provision for unearned gross premium for one or more non-life insurance industry has used methods of calculation that takes into account the risikoens development over time, to clarify the calculation method.

(3) if the company for one or more non-life insurance industries have made provision for not avløpt risk, it should be given an overview of the deposited amount in the relevant industries as well as to clarify the calculation method.

(4) It is to be given a description of how the gross replacement sales are calculated. The description should include spent, the choice of methods the discount rate, jf. § 3-5 fourth and fifth paragraph, and other significant assumptions by the calculation. If the company gross sales or discount the replacement parts of this, it should be given information about the value of this provision the component before discounting will be made. It is to be given information about the methods used by diskonteringen, including the assumptions about the expected remaining time phasing-out, expected future inflation and the applied discount rate. The information to be given for each non-life insurance industry covered by the diskonteringen, jf. section 5-10 different to the fourth paragraph.

(5) The amount recovered by the takeover of the insuree's rights above third party or by title to the insuree's objects and deducted from the gross replacement sales, will be entered for each non-life insurance industry where the amount is significant, jf. section 5-10 different to the fourth paragraph.

(6) It should be given information about the provision for unearned premiums and provision for replacement each pool arrangement the company participates in the information must be provided both. gross and at their own expense.

(7) It is to be given a description of, and quantification of the differences between valuation for solvency purposes, and valuation in financial statements.

section 5-10. Premium income and replacement costs etc.
(1) Overdue premiums, earned prizes and inconvenience to be specified replacements on the insurance industries as mentioned in the second paragraph with the following Subdivision:-Gross-direct business and received proportional reinsurance-Gross-received non-proportional reinsurance-return the insurance share-at their own expense.

It should further be stated how accrued gross replacement costs are distributed between the estimated gross replacement costs related to the current accounting period and the gross result related to the phasing-out previous accounting periods. With the estimated replacement costs will mean paid replacements for injury cases occurred in the fiscal period attributed to the replacement sales for these damage cases by the end of the accounting period. With the winding-up the result related to previous accounting periods will mean the difference between-replacement provision at the entrance to the fiscal period for injury cases occurred in previous accounting periods, and substitutions that are paid in the course of the accounting period for injury cases occurred in previous accounting periods, attributed the sales damage replacement these cases by the end of the accounting period.

(2) the entries in the first paragraph is to be distributed;

-direct insurance and received proportional reinsurance:-insurance against expenses for medical treatment-insurance against income loss-occupational injury insurance-Motor insurance-traffic-Motor insurance-other-marine insurance, transport insurance and aviation insurance-insurance against fire and other damage to property-liability insurance-credit and insurance-bail legal aid insurance-Assistanseforsikring-insurance against miscellaneous financial loss-Received non-proportional reinsurance:-non-proportional reinsurance of health insurance obligations-non-proportional reinsurance of liability insurance obligations-non-proportional reinsurance of commitments in the field of marine insurance, transport insurance and aviation insurance-non-proportional reinsurance of other non-life insurance liabilities.

(3) other industries will be added as needed.

(4) it is not necessary to provide information as specified in the first paragraph for non-life insurance sectors where the earned gross prize is less than 25 million. It should anyway be given information as mentioned in the first paragraph for the four non-life insurance industries with the highest earned gross premium.

section 5-11. Distribution of income on geographic areas That should be given information about the total overdue premium income from direct insurance that is signed in Norway, in the other countries covered by the EEA Agreement, as well as in other countries. Such information can unnlates if the gross premium amount to less than 5 percent of the total gross premium income.

III. Financial instruments section 5-12. Information about the financial instruments (1) large companies to provide information about the financial instruments in accordance with IFRS 7, section 5-6 and 5-28 to section 5-34.

(2) medium-sized companies to provide information about the financial instruments in accordance with § 5-6 and 5-13 to section 5-34.

(3) small companies should provide information about the financial instruments in accordance with § 5-6, section 5-13, section 5-14, section 5-17, section 5-18, section 5-22, section 5-23, § 5-25, section 5-27 the second paragraph, second sentence, and section 5-28 to section 5-34.

section 5-13. Financial instrumenters importance to the financial position and earnings to be given information that enables users of financial statements to evaluate the significance of the company's financial instrumenters financial position and earnings.

section 5-14. Categories of financial assets and financial liabilities (1) it shall be given information about the carrying value of each of the following categories as defined in IAS 39: a) financial assets at fair value through profit, each of which shows (i) the financial assets that were earmarked as such by first time mind and material, and (ii) those classified as held for trading in accordance with IAS 39 , b) investments that are held to maturity, c) loans and receivables, d) financial assets available for sale, e) financial liabilities at fair value through profit, each of which shows (i) the financial commitments that were earmarked as such by first time mind and material, and (ii) those classified as held for trading in accordance with IAS 39, and f) financial liabilities measured at amortized cost.

section 5-15. Financial assets or financial liabilities at fair value through profit (1) if the company has earmarked a loan or receivable (or group of loans or receivables) to the actual value over the result, should it be given information in accordance with IFRS 7.9 and 7.10.

(2) if the company has earmarked a financial liability at fair value through profit, it should be given information in accordance with IFRS 7.10 and 7.11.


section 5-16. Reclassifying if the company has reclassified a financial asset, it should be stated whether the amount is reclassified to and from each category, cf. section 5-14, as well as the reason for this reclassification. If the particular freedom to reclassify after IAS 39.50 B is used, it shall be given information as stated in IFRS 7.12 A.

section 5-17. Offsetting financial assets and liabilities That must be given information in accordance with IFRS 7.13 B-13F for all recognized financial instruments that are offset in accordance with IAS 32.42. IFRS 7.13 B-13F also applies to recognized financial instruments that are subject to a håndhevbar General reverse charge arrangement or similar agreement, regardless of whether they are offset in accordance with IAS 32.42.

section 5-18. Collateral own obligations It shall be stated whether the carrying value of the financial assets that the company has set as collateral for liabilities or contingent liabilities. It should further be stated about the terms and conditions related to the company's collateral.

section 5-19. Collateral for loans and other assets When the company has accepted a security for assets, which it can sell or quiet as security again, it should be a) the real value of security of completion, b) the real value of the security that is sold or placed as collateral, as well as if the company has an obligation to return it, and c) terms and conditions relating to the company's use of the security of completion.

section 5-20. The accrual account for credit losses when financial assets have declined in value as a result of credit losses, and the company records the value fall on a separate account, rather than to directly reduce the asset's carrying amount, the company should see a reconciliation of the changes on this account in the course of the fiscal year.

section 5-21. Compound financial instruments with multiple embedded derivatives if the company has issued an instrument that contains both a commitment part and an equity portion (see IAS 32.28), and the instrument has multiple embedded derivatives if values are closely-interconnected complexes, the company should disclose this.

section 5-22. Breach of contract and failure to comply For borrowing at the end of recognized the fiscal year should be informed any defaults and lack of fulfillment in accordance with IFRS 7.18 and 7.19. Small companies to provide information in accordance with IFRS 7.18.

section 5-23. Hedge By hedge accounting the company should provide information in accordance with IFRS 7.22-24.

section 5-24. The fair value of financial instruments measured at amortized cost That is to be given information about the fair value for balance sheet record 2.3.1 and 2.3.2. Information about the fair value is required yet not when the carrying amount is a reasonable approach to fair value.

section 5-25. Equity instruments where the fair value cannot be measured in a reliable way, it is to be given a description of equity instruments measured at acquisition cost in accordance with IAS 39, these instrument carrying values and an explanation of why fair value cannot be measured in a reliable way.

section 5-26. The nature and scope of risks arising out of financial instruments (1) it is to be given information that makes it possible for users of financial statements to evaluate the nature and extent of risks arising from financial instruments, and that the company is exposed to at the end of the fiscal year. The information should at least cover the credit risk, liquidity risk and market risk.

(2) For each type of risk related to financial instruments to be informed; a) risk exposures, b) principles and processes for the management of risk, c) methods for the measurement of risk and d) any changes of the letter a), b) or c) from the previous period.

(3) For each type of risk that occurs of the financial instruments it should be given a summary of quantitative data on exposure to this risk by the end of the fiscal year. This information shall be based on the information provided internally to key people in the company's management.

(4) For each type of risk that occurs of the financial instruments it should be given the information required of the 6th to the 9th paragraph to the extent this is not stated in the third paragraph.

(5) it should be given information about the further other concentrations of risk where this is not evident from the third and fourth paragraph.

(6) if the quantitative data be informed at the end of the fiscal year are not representative of the risk during the period, the company should provide additional information that is representative. 
Credit risk (7) It should be given information about the credit risk in accordance with IFRS 7.36-38. 
Liquidity risk (8) It is to be presented a due analysis of financial liabilities that shows the remaining contractual forfallene. It should in addition be given a description of how the inherent liquidity risk in the maturity analysis are handled. 
Market risk (9) it should be given a sensitivity analysis for each type of market risk the company is exposed to at the end of the fiscal year, which shows how the result and equity would have been affected by changes in the relevant risikovariabelen within a reasonable opportunity area at that time. It should be stated on the methodology and the assumptions that were used in the preparation of the sensitivitetsanalysen. Any changes from the previous period in the methods and assumptions should be stated and justified. If the company prepares "value-at-risk" analysis, it should be given information according to IFRS 7.41.

(10) when the sensitivitetsanalysen that be informed after the ninth paragraph, is not representative of a risk inherent in a financial instrument, the company should disclose this, as well as about the reason why sensitivitetsanalysen is not representative.

section 5-27. The transfer of financial assets (1) it is to be given information that makes it possible for the users of the financial statements: a) to understand the relationship between the transferred financial assets that are not fraregnet in its entirety and the related commitments, and b) to evaluate the nature of and risks associated with the company's persistent involvement in fraregnede financial assets.

(2) it shall be given information about the transferred financial assets that have not been fraregnet in its entirety in accordance with IFRS 7.42 D. Small companies to provide information in accordance with IFRS 7.42 D letter a, b, and e.

(3) when a company fraregner transferred financial assets in its entirety, jf. IAS 39.20 letter a and letter c (i), but have a sustained involvement in them, it should at least be given information for each type of sustained engagement in accordance with IFRS 7.42 E-G.

section 5-28. Stocks and shares (1) stocks, EC and shares in other companies to be specified after the company. Norwegian companies should be entered with VAT registration number. The specification should include the largest records and at least make up 90 percent of the company's inventory of shares respectively, EC and shares. Shares in financial institutions and the insurance company going to no matter be specified.

(2) it will be to clarify the risk profile of the company's stock portfolio per year end and throughout the year.

(3) For the securities under balance record should be informed 2.4.1 the carrying amount. Share of the carrying value of publicly traded securities to be stated.

section 5-29. Responsible lending capital in other companies It is to be given information about the company's responsible loan capital in other enterprises. It should be stated how the responsible loan capital benefits between the balance record 2.2 and balance record 2.4.

section 5-30. Other financial assets balance sheet post be specified the main 2.4.5 on the single amount, if these are of significant importance for the assessment of the annual financial statements.

section 5-31. Other receivables Balance record 4.3 to be specified on the most important single amount, if these are of significant importance for the assessment of the annual financial statements.

section 5-32. Prepaid expenses and earned income not received Balance record 6.3 to be specified on the most important single amount, if these are of significant importance for the assessment of the annual financial statements.

section 5-33. Subordinated loan (1) the company shall provide the following information when it comes to responsible loan capital: For each loan that exceeds 10 percent of the total amount of the responsible loan capital: 1. the loan's size, the currency it is stated in, interest rate and maturity, or piece of information that there is a perpetual responsible borrowing capital, 2. whether there are conditions that may require a faster refund and 3.
the criteria for the responsible loan capital, any regulations that the responsible loan capital can be converted to equity or to another form of debt, as well as the terms of those provisions.

For other responsible loan capital shall be given a summary overview of the conditions.

(2) if the company has concerned responsible loan capital in foreign currency, the currency exchange gain or loss on exchange rate to borrow capital. If the company has entered into hedging business that comes to responsible loan capital in foreign currency shall be stated.

(3) costs in connection with the company's responsible loan capital in the course of the fiscal year should be specified.

section 5-34. Other liabilities Balance record 13.5 to be specified on the most important single amount, if these are of importance for the assessment of the annual financial statements.

IV. Property § 5-35. Investment property (1) large companies to provide information on investment property in accordance with IAS 40 and § 5-6 the first paragraph.

(2) medium-sized and small companies to provide information on investment property in accordance with the third to the fifth paragraph as well as section 5-6 the second paragraph.

(3) companies which use the model with the fair value shall: a)

educate people about the extent to which the fair value is based on a valuation carried out by an independent surveyor with a recognised and relevant professional qualification and who have recently had experience with the location and category of the investment property that is being assessed. If it has not happened any such valuation, should be informed this.

b) provide a reconciliation between the carrying values of the investment property at the beginning and at the end of the period showing: i., specified on the receipts:-the receipts as a result of acquisitions-the receipts as a result of subsequent expenses recognized in an asset carrying amount-the receipts as a result of acquisitions in connection with business combinations ii.
investment properties classified as held for sale in accordance with IFRS 5 and other disposals iii.
net gains or losses on fair value adjustment iv.
transfers to and from the owner used property v. other changes.

(4) in the cases where the exception the fair value cannot be determined in a reliable manner (see no. 53 in IAS 40), it should be given a description of the investment property and an explanation of why fair value cannot be determined in a reliable manner.

(5) companies which use the anskaffelseskostmodellen to provide information about: a) the depreciation methods used, b) useful life or the depreciation rates used, c) the gross carrying amount and the accumulated depreciation (including accumulated impairment loss) at the beginning and end of the period, d) a reconciliation of the carrying amount of investment property at the beginning and end of the period showing: i., specified-receipts on the receipts that are the result of acquisitions-the receipts as a result of subsequent expenses recognized in a asset carrying amount the receipts as a result of acquisitions in connection with business combinations ii.
investment properties classified as held for sale in accordance with IFRS 5 and other disposals iii.
depreciation iv.
the amount of the impairment loss is recognised, as well as the amount of the reversed impairment loss during the period, in accordance with IAS 36 v. transfers to and from the owner used the property.
other changes.

§ 5-36. Owner occupied property (1) There shall be provided a reconciliation of the carrying amount of the owner used the property at the beginning and end of the period showing: a) receipt and issue b) increases or reductions due to safety regulations c) depreciation d) other changes.

(2) For owner used property that is capitalized to value regulated amount, it shall further be given the following information: a) the time of safety regulation b) about an independent surveyor was used c) the carrying amount that would have been recognized if the property had been capitalised in accordance with the anskaffelseskostmodellen d) value adjustment reserve, which shows the change in the reserve in the period e) information about the fair value in accordance with § 5-6.

V. Companies in the same group and associated undertakings section 5-37. Stocks and shares in undertakings in the same group and associated companies, etc.
(1) it shall be stated whether the company, the business office, stake and vote share for the subsidiaries, affiliated companies and joint ventures.

(2) Regnskapspliktig as with the legal authority in the accounting Act § 3-7 do not have prepared the consolidated financial statements, to educate people about the company and the business Office of the parent company.

(3) it is to be given information about the stocks and shares of companies in the same group in accordance with the Norwegian accounting standard no. 17 Enterprise purchase. It is to be given information about the stocks and shares in affiliated companies and joint ventures, according to the preliminary Norwegian accounting standard investment in associated companies and joint ventures.

(4) investments in subsidiary that is recognised and measured in accordance with IAS 39, it shall be given information according to IFRS 13.

§ 5-38. Receivables and securities issued by companies in the same group and associated companies Responsible loan capital in the subsidiary companies, associated companies and joint-controlled enterprises to be specified on each master record. Fiscal law § 6-6 about the comparison applies accordingly.

section 5-39. Effect of change of the Executive composition (1) at the change in the consolidated the composition should be given information that enables comparison with previous financial statements.

(2) at each business combinations that are carried out in the period, it shall be given information in accordance with IFRS 3 No. B64, B65 and B67 letter a to c.

Vi. Other section 5-40. Provisions, contingent liabilities and contingent assets (1) For each class of provision, jf. IAS 37 No. 87, the company should provide information in accordance with IAS 37 No. 84, no. 85 and no. 88. (2) For each class of contingent liabilities, jf. IAS 37 No. 87, the company should provide information in accordance with IAS 37 No. 86 and no. 88. If it is not practicable to give such information shall be informed.

(3) For each class of contingent assets should the company provide information in accordance with IAS 37 No. 89 and no. 90. If it is not practicable to provide such information, it shall be informed about this.

(4) if the information in the first to third paragraph essentially can be expected to affect the company's position in a dispute with another party, it may instead be given information as mentioned in IAS 37 No. 92. section 5-41. Intangible assets as well as plant and equipment (1) For each post under intangible assets as well as facilities and equipment should be informed: opening balance, a) acquisition cost, b) receipt and issue in the course of the fiscal year, c) total depreciation, impairment losses and reversals of write-downs, d) depreciation, impairment losses and reversals of impairment losses in the fiscal year, and e) closing balance.

(2) it shall be stated whether the change in the depreciation plan. 
Intangible assets (3) For each post under intangible assets to economic life and the selection of the depreciation plan be stated.

(4) the Goodwill to be specified for each enterprise purchase. Depreciation plan of goodwill that is longer than five years, shall be justified.

(5) if the intangible assets are accounted for in accordance with IAS 38, should it be given information in accordance with IAS 38 Nr. 122 letter a, Nr. 124 and no. 125. Plant and equipment (6) For each record in the plant and equipment should be informed economic life and the selection of the depreciation plan. For each record to be informed capitalised lease agreements.

(7) it shall be stated whether the assumptions that have been added to the reason for impairment and reversal of the write-down.

(8) by the rental of the facilities and equipment that are not capitalized to be informed annually renting with similar specification as the Setup for the balance in the plan.

section 5-42. Equity (1) companies that are limited liability company shall state whether the share capital and the par value distributed on each share class. It should be stipulated the provisions on the right to vote. It should be stated whether all the rights that could lead to it being issued new shares with the entry of the main features of the terms that apply to the Court.

(2) it shall be given information about the name and ownership interest for the 20 largest shareholders. Information on shareholders who own less than 1 percent of the shares can be omitted.

(3) it shall be stated whether the shares of the company as well as the rights to such, owned by each Member of the Board of Directors, supervisory board, control, as well as the Managing Director and the individual executive management. For each shareholder will be included in the stocks that are owned by the personal related. As a personal close associates are considered: a) spouse and a person that he or she lives with in the ekteskapslignende relationship, b) minor children of the person itself, as well as the minor child of a person referred to in a) that he or she lives with, and c) enterprises which he or someone who is mentioned in a) and b) has such a controlling interest as mentioned in the fiscal law § 1-3 the second paragraph.

(4) companies that are parent company shall, in addition, State whether the daughter companies ' stock of the parent company's shares. Changes in the course of the fiscal year in the inventory of the company's own shares and daughter companies ' portfolios of shares in the parent company to be specified. It should at least be informed: a) the background for acquisition that has taken place, b) the number of shares that are acquired, and the consideration, and c) the number of shares that are disposed of, and remuneration.

(5) financial obligation as is Norway as issuers with home state after the securities trading Act section 5-4, to educate people about the essential indirect stock holdings in the company. Stock holdings that represent at least 10 percent of the vote the dishes in the company, is considered essential for the first sentence.

section 5-43. Capital requirements (1) Responsible capital to be specified on the basis of capital and supplementary capital, as well as on capital groups according to the distribution Act section 14-9 with the corresponding regulation. It should be stated about how basis capital is calculated. It should be stated whether counting to cover primary capital solvency, respectively, capital requirements and minimum capital requirements.

(2) it shall be informed about the company's solvency capital requirement and the minimum capital requirements, cf. distribution law § 14-10 and section 14-11. Information about the solvency capital requirement shall specify the contribution of the individual risk modules, diversifiseringseffekter on the parent level as well as risk reduction effects of deferred tax and insurance technical provisions. Details of the minimum capital requirement to be specified before and after the application of the lower and upper limit of respectively 25 percent and 45 percent of the solvency capital requirement as well as the nominal minimum requirement.

(3) if the undertaking is imposed capital claim addition, jf. financial business law section 14-13, third paragraph, it should be stated about this.


section 5-44. Sales costs It should be given information about how sales costs in the fiscal period benefits on wages and commissions etc.., including commissions to other companies.

section 5-45. Management and administrative services to be informed about the management and administrative services that the company provides for third party, if the scope is significant in relation to the company's business.

section 5-46. Other income score from post 13 to be specified on the most important single amount, if these are essential for the assessment of the annual financial statements.

section 5-47. Leases It to be given information about the leases in accordance with the Norwegian accounting standard no. 14 lease agreements.

section 5-48. Salary and general administrative expenses (1) it shall be stated whether the calculation of the pension costs and the pension liabilities in accordance with the Norwegian accounting standard no. 6 pension costs.

(2) it shall be stated whether the average number of employees in the fiscal year.

section 5-49. Share-based payments IFRS 2 applies.

section 5-50. Transactions with related parties There to be given information about the transactions with related parties whether in accordance with IAS 24 or fiscal law section 7-30b.

section 5-51. Benefits and loans to senior employees, etc.
(1) it shall be given information about the remuneration of executive personnel, etc. in accordance with the accounting Act § 7-31b. All insurance companies are considered in this context as large enterprises.

(2) it is to be given information in accordance with the accounting Act § 7-32 for a loan and collateral of executive personnel, shareholders, etc.

(3) the obligation to disclose the terms of loans and collateral in the accounting Act § 7-31b ninth paragraph and section 7-32 second paragraph applies only where the terms differ from the General market conditions.

section 5-52. Other costs (1) the resulting 14 to be specified on the most important single amount, if these are essential for the assessment of the annual financial statements.

(2) it shall be stated whether the remuneration to the auditor and how the allowance is distributed on the statutory audit, other attestasjonstjenester, tax advice and other services outside of the revision. Fees for other services outside of the revision to be specified for substantially different services. The information should also include the remuneration to the company that the auditor has a special partnership with the.

section 5-53. Expense (income) tax shall be given by The information about the tax according to the preliminary Norwegian accounting standard Results cat section 5-54. Major individual transactions That should be given information about the major individual transactions that are not specified by other provisions of this regulation.

section 5-55. The merging of records records in the setup of accounts that are combined pursuant to section 4-2, to be specified.
Fiscal law § 6-6 about the comparison applies accordingly.

section 5-56. Provisions in the fiscal law that are not regulated specifically in this regulation the provisions of the accounting Act § 7-9, 7-10, section 7-14 the second paragraph and section 7-34 apply to the extent that they are appropriate for the individual company.

section 5-57. Earnings per share companies whose shares are the object of general revenue to provide information about earnings per share in accordance with IAS 33.

Chapter 6. Interim financial statements section 6-1. Duty to prepare interim financial statements to be prepared interim financial statements for each quarter. Companies whose securities are not busy to trading on the regulated market, failing to prepare interim financial statements for the fourth quarter. For the parent company interim financial statements consists of the company's accounting and corporate accounting.

§ 6-2. Content of the interim report the interim report shall be drawn up in accordance with IAS 34. Income statement, balance sheet and statement of changes in equity should at least set the main items in the Setup plans, jf. § 4-4 to section 4-6. Under the records for the result record 19 can, with the exception of the record 12.3, the together.

section 6-3. Additional information That should be given information about the company's capital.

section 6-4. Public, etc. The interim financial statements to be adopted by the company's Board within 60 days after the fiscal period end, and without unnecessary stay made public on the company's website on the internet. The company shall ensure that the financial statements remain public for at least five years. The financial authority may order the company to create the home page on the internet. It is to be given information about what parts of the interim financial statements that are audited.

Chapter 7. Closing provisions section 7-1. Exemption and complementary provisions Financial Audit can in each case provisions of this dispense from these regulations.

section 7-2. Entry into force, etc. This Regulation shall enter into force 1. January 2016 with effect for fiscal years starting 1. January 2016 and later. From the same time repealed regulations 16. December 1998 No. 1241 of annual accounting and more for insurance companies.