Act Of 29 September 1994 On Accounting

Original Language Title: USTAWA z dnia 29 września 1994 r. o rachunkowości

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Chapter 1 General provisions Article. 1. [range] Act prescribes the accounting, the financial statements by the Auditors and the rules for the implementation of the activities of the service bookkeeping.

Article. 2. [the application of the provisions of the Act] 1. The provisions of the accounting Act, hereinafter referred to as the "Act", shall apply, subject to the provisions of paragraph 2. 3, to established or exercise on the territory of the Republic of Poland: 1) commercial companies (personal and capital, including in the Organization) and civil partnerships, subject to paragraph 2, as well as other legal persons, with the exception of Treasury and Polish National Bank;

2) individuals, civil partnerships of individuals, of partnerships of individuals and partner companies if their net income from sales of goods, products and financial operations for the previous financial year amounted to at least equivalent in Polish currency 1 200 000 euro;

3) organizational units operating on the basis of the banking law, securities law, regulations on investment funds, the regulations on the business of insurance and reinsurance, co-operative credit unions offices rules or regulations on the organisation and functioning of the pension funds, regardless of the size of revenue;

4) municipalities, counties, provinces and their compounds, as well as: (a)), municipal, district and provincial budgetary entities, b) municipal, district and provincial budgetary establishments, c) (repealed);

5) unincorporated organizational unit, with the exception of the companies referred to in paragraphs 1 and 2;

6) branches and representative offices of foreign entrepreneurs, within the meaning of the freedom of economic activity;

7) units not listed in points 1 to 6, if they are to carry out tasks grants or subsidies from the State budget, budgets of the local government units or special purpose funds – from the beginning of the fiscal year in which the donations or grants have been awarded to them.

2. natural persons, partnerships of individuals, companies, public individuals and partner companies can apply the accounting rules set out by law from the beginning of the next financial year, if their net income from sales of goods, products and financial operations for the previous financial year are lower than the equivalent in Polish currency 1 200 000 euros. In this case, these individuals or partners before the beginning of the financial year, shall be required to notify the tax office, the competent in matters of taxation of income tax.

2A. To companies explicit individuals and partner companies, whose net income from sales of goods, products and financial operations for the previous financial year amounted to less than the equivalent in the currency of the Polish 1 200 000 euro and which do not apply the accounting rules set out by law on the basis of paragraph 1. 2, article 12 shall apply. 70A. 3. Units producing financial statements in accordance with international accounting standards, international financial reporting standards and related interpretations are posted in the form of regulations of the European Commission, hereinafter referred to as "IAS", shall apply the provisions of the Act and the regulations issued on its basis, in terms of unregulated by the IAS.

4. The Church legal persons not engaged in business conduct accounting in accordance with the internal rules of these people.

5. [1] the unit referred to in article 1. 10A paragraph 1. 1 of the Act of 24 April 2003 on the activities of public benefit and voluntary service (Journal of laws of 2014 item 1118, as amended), can lead a simplified records of income and expenses on the terms and conditions set out in this Act.

Article. 3. [Definitions] 1. Whenever the law is talking about: 1) the unit-shall mean the entities and persons referred to in article 1. 2. 1;

2) Bank-shall mean the entity acting on the basis of the provisions of the banking law;

3) insurance undertaking-shall mean the unit of insurance activities on the basis of the provisions of the business of insurance;

3A) securities legislation – shall mean the provisions of the law on trading in financial instruments, the law on the supervision of the capital market, the Act on public offering, conditions the placing of financial instruments to organised trading system and on public companies;

3B) reinsurance undertaking-shall mean the unit of reinsurance activities on the basis of the provisions of the business of reinsurance;

4) shares or shareholders – shall mean also the shares or shareholders;

5) national measures, foreign currency and foreign exchange – shall mean the national means of payment, foreign currencies and currency referred to in foreign exchange legislation;

5A) member body units – shall mean the natural person, as a member of the Board of directors or other governing body, Member of the Supervisory Board or another supervisory authority, as well as another of the administrative unit, established to carry out this function in accordance with the provisions of the articles of Association, statutes or other applicable laws of the unit;

6) [2], supervisor of the unit-shall mean a member of the Board of directors or other governing body, and if the body is multiplayer-the members of this body, with the exception of agents established by the unit. In the case of a general partnership and a partnership with the head of the unit shall be considered accomplices carrying case of the company, in the case of a partnership-partners leading the company's Affairs or the Executive Board, and with respect to the limited partnership and limited liability partnership limited by shares company-General partners leading case company. In the case of a natural person established by the head of the unit believed that person; to the people profession this provision shall apply mutatis mutandis. For the head of unit shall also be the liquidator, as well as the administrator or the administrator, as laid down in the restructuring proceedings;

7) Authority authorising – shall mean the body which, in accordance with the applicable unit of law, statute, contract or under the law of property is entitled to approve the financial statements. In the case of a partnership, with the excepion, and partnership by the approving authority understands its shareholders;

8) during the reporting period-shall mean the period for which financial statements shall be drawn up as provided for by law or other reports drawn up on the basis of the accounts;

9) fiscal year-shall mean the calendar year or any other period of 12 consecutive full calendar months, also used for tax purposes. Fiscal year or amendment specifies the statute or the agreement, on the basis of which the unit has been created. If an entity began operations in the second half of the fiscal year adopted, it is possible to the accounts and financial statements for the period combined with the accounting books and financial statements for the following year. In the event of a change of the first financial year after the change of the fiscal year should be longer than 12 consecutive months;

10) balance sheet date-shall mean the day on which an entity prepares financial statements;

11) adopted the principles of accounting policies – means selected and used by the enterprise solutions allowed by law, including in IAS, to ensure the required quality of financial statements;

12) assets – shall mean controlled by the financial resources of reliably specified value, arising as a result of past events, which will in the future impact to the economic benefits;

13) non-current assets – shall mean the assets of the entity that are not included in the current assets, as referred to in paragraph 18;

14) values of intangible assets – shall mean, subject to paragraph 17, acquired by the unit, included in the fixed assets, property rights suitable for commercial exploitation, it is foreseeable that the period of economic usefulness of longer than one year, intended for use for the unit, in particular: a) the copyrights, related rights, licenses, concessions, b) the right to inventions, patents, trademarks, utility models, and ornamental , c) know-how.

In the case of intangible cast to use based on the lease agreement, lease or lease, intangible assets are allocated to one of the parties to the contract, in accordance with the conditions laid down in paragraph 1. 4. intangible also acquired goodwill and the cost of the completed development work;

15) fixed assets – shall mean, subject to paragraph 17, tangible and aligned with them, about the estimated period of economic usefulness of longer than one year, complete, fit for use and intended for the unit. This includes, in particular:


(a)), including real estate land, the right of perpetual usufruct of land, structures and buildings, as well as being a separate privately owned offices, cooperative ownership right to a dwelling and cooperative right to commercial premises, b) machinery, equipment, means of transport and other things, c) leasehold improvements, d) livestock.

Fixed assets put into use on the basis of the lease, the lease or leasing is among the assets of one of the parties to the agreement, in accordance with the conditions laid down in paragraph 1. 4;

16) fixed assets under construction is to be understood by it included in non-current assets fixed assets during their construction, installation or improvement of an existing fixed asset;

17) investments-shall mean the assets held by an enterprise in order to achieve the economic benefits resulting from an increment value of these assets, revenue in the form of interest, dividends (profit) or other benefits, including commercial transactions, and, in particular, of financial assets and real estate and intangible assets that are not used by the body, but are held by it in order to achieve these benefits. In the case of insurance and reinsurance undertakings by the investment means an investment;

18) financial assets – means that part of the assets of the unit, which in the case of a) physical assets, as referred to in paragraph 19-are intended for sale or consumption within 12 months of the balance sheet date, or within the normal operating cycle applicable to the business, if it lasts more than 12 months, (b)) of financial assets, as referred to in paragraph 24, are due and paid or intended to dispose of within 12 months of the balance sheet date or from the date of their assumptions, issuing or acquisition, or provide monetary assets, c) short-term receivables are generally trade supplies and services and the whole or part of other titles of non-financial assets, and which become payable within 12 months of the balance sheet date, (d)) accruals-they last no longer than 12 months after the balance sheet date;

19) property, plant and equipment financial assets – shall mean the materials purchased for consumption of own-produced or processed by the finished products (goods and services) suitable for sale or in the course of production, semi-finished products and goods purchased for resale in unaltered state;

20) obligations – shall mean the resulting from past events the duty performance of reliably a particular value that will result in the use of existing or future assets;

21) reserves – shall mean the obligation whose due date or amount are not certain;

21a) [3] of technical provisions-insurance-shall mean the technical provisions-insurance for accounting purposes created by the insurance or reinsurance undertaking;

22) short-term obligations – shall mean the General obligations in respect of supplies and services, as well as the whole or the part other obligations that become due within 12 months of the balance sheet date;

23) financial instruments-shall mean a contract that gives rise to a financial asset of one party and a financial liability or equity instrument at the other party, provided that the contract concluded between two or more parties clearly economic implications, regardless of whether the execution of the rights or obligations arising from the contract is unconditional or conditional. To financial instruments do not include, in particular: a) the reserves and deferred tax assets, b) agreements on financial guarantees, which shall lay down the discharge of obligations in respect of the guarantee granted in the form of payment of the amounts corresponding to losses incurred by the beneficiary as a result of defaults on the debt by the debtor within the time allowed, c) agreements on the transfer of rights from securities in the period between the date of conclusion and settlement of transactions When execution of these agreements requires the release of securities within a certain time limit, even where the transfer of such rights is made in the form of recording on a securities account, maintained by an agency authorised on the basis of separate provisions, d) assets and liabilities in respect of programs, from which derive the shares of employees and other persons associated with the unit in its equity or in the equity of another unit of the capital group to which the unit belongs, e) merger agreements, of which the duties referred to in article 3. paragraph 44B. 9;

24) financial assets – shall mean monetary assets, equity instruments issued by the other units, as well as resulting from a contract the right to receive the cash assets or the right to exchange financial instruments with another entity under favourable conditions;

25) assets cash-shall mean the assets in the form of national means of payment, foreign exchange and foreign exchange. To monetary assets are classified as other financial assets, including in particular the accrued interest on financial assets. If these assets are payable or due within 3 months from the date of their receipt, issue, purchase or assumption (the deposit), for the purposes of the cash flow statement include them for cash, unless it is recognised in flows from investing activities (charges);

26) capital instruments – understand the contracts, from which derives the right to the assets of the unit, the remaining after satisfaction of or protect all creditors, as well as the commitment of the unit to emit or provide their own equity instruments and, in particular, shares, share options or warrants;

27) financial obligations – shall mean the entity's commitment to the issue of financial assets or to exchange a financial instrument to another entity, the adverse conditions;

28) contingent – shall mean the obligation to performance, which is dependent on the occurrence of specific events;

29) net assets-shall mean the entity assets less liabilities, corresponding to the nominal capital (Fund) to our own;

30) income and profits-shall mean the firm rise to economic benefits in the reporting period, reliably specified value, in the form of an increase in the value of assets, or reduce the value of the commitments that will lead to an increase in equity or decrease of its shortage in a manner other than payment of funds by the shareholders or owners;

31) costs and losses – shall mean the firm reduce the economic benefits in the reporting period, reliably specified value, in the form of a reduction in the value of assets, or increase the value of liabilities and provisions, which will lead to a reduction of equity or increase of its shortage in a manner other than withdrawal of funds by shareholders or owners;

32) other operating revenues and costs – shall mean the costs and revenues associated indirectly with operating activities unit, and, in particular, the costs and revenues associated with social activities: a), (b)) from the sale of fixed assets, fixed assets, intangible assets, as well as real estate and intangible assets credited to the investment, c) with maintenance of the immovable property and intangible assets credited to the investment , including updating the value of these investments, as well as with their retraining up to fixed assets and intangible assets, if the valuation of the investments assumed market price or otherwise referred to fair value, d) with writing off receivables and liabilities expired, decommitted, bad, with the exception of receivables and liabilities of a fund under public law low overhead costs, e) the creation and solution of reserves, with the exception of the provisions related to financial operations , f) with coordinates allowance the value of the assets and their adjustments, with the exception of copies of aggravating the financial costs, g) with damages and penalties, h) with the transfer or charge, including by gifts of assets, including funds for purposes other than aid to the sales price, the acquisition or construction of fixed assets, fixed assets under construction or intangible assets, and random events);

33) profits and losses extraordinary – shall mean the profits and losses arising in banks, insurance companies, reinsurance and cooperative credit unions offices as a result of events difficult to predict beyond the operating activities of the individual and not related to the General risk of its conduct;

34) exercise control over another undertaking-shall mean the bodies ability to direct the financial and operating policies of another entity in order to achieve the economic benefits from its activities;


35) celebration of the współkontroli of another entity-shall mean the ability of a shareholder units interdependent on a par with other partners, on the principles set out in the agreement between them the agreement, partnership agreement or statute to drive financial and operational policy unit, in order to achieve jointly economic benefits from its activities;

36) significant implications for different unit-shall mean the non-constituent elements of control or współkontroli the bodies ability to influence on the financial and operating policies of another undertaking, in particular by: a) involved in making a decision on profit distribution or loss coverage or b) participate in the managing authority, overseeing or administering, or c) for carrying out the relevant transactions from that entity, or (d)) share the technical information essential for its activities or (e)) the appointment and dismissal of the members of the governing bodies, supervisory or administrative, or f) have not less than 20% of the total number of votes in the authority which this entity;

37) the parent – shall mean the unit of a commercial company or a public company, exercising control over the subsidiary, in particular: a) having directly or indirectly the majority of the total number of votes in the body which is subsidiary, also based on agreements with other eligible to vote, operating according to the right to vote in accordance with the will of the parent, or (b)) which is a shareholder of a subsidiary and approved to drive financial and operational policy this subsidiary independently or by designated by each person or entity on the basis of an agreement concluded with other eligible to vote, on the basis of the statutes or articles of Association, including the parent, the majority of the total number of votes in the authority which is, or c) is a shareholder of a subsidiary and entitled to appoint and remove a majority of the members of the governing bodies, supervising or administering this subsidiary, or d) is a shareholder of the subsidiary, of which more than half of the composition of the governing bodies , overseeing or administering in the preceding financial year, during the current financial year and up to the date of the financial statements for the current financial year are set up to perform these functions as a result of the exercise by the parent bodies of the voting rights in the subsidiary, unless another unit or person is in relation to that of the subsidiary rights, referred to in point (a). a, c or e, or e) and being the shareholder of the subsidiary and empowered to direct the financial and operating policies of this subsidiary, on the basis of a contract entered into with that subsidiary or the statute or agreement of the subsidiary;

37A) downstream to the parent – shall mean trade company, which is also a subsidiary of another company or the State enterprise and the parent in relation to at least one commercial company;

37B) senior parent – shall mean the unit of a commercial company or a public company that is the parent to parent downstream;

37 c) venturer is contingently liable for units of interdependent – shall mean the unit of a commercial company or a public company, exercising together with other shareholders in joint control of the interdependent;

37 d, set) involvement in the capital – shall mean any share in the capital of another entity, the nature of the permanent links; persistent binding occurs in the case of acquisition, purchase or acquire in any other form of participation in the capital of an associate, unless the disposal of share in the short term from the date of its acquisition, purchase or acquire in any other form is highly unlikely, by the conclusion of the agreement or to take other active measures relating to disposal;

38) significant investor – shall mean the unit of a commercial company or a public company that has a commitment to the capital of the other enterprise and has a significant impact on this unit;

39) a subsidiary – shall mean the unit of which is the commercial company or entity established and operating in accordance with the provisions of the foreign trade law, controlled by the parent undertaking;

40) unit of interdependent – shall mean the entity that is jointly controlled by the partners on the basis of the agreement between them the agreement, articles of association or statutes;

41) an associate-shall mean the unit of which is the commercial company or entity established and operating in accordance with the provisions of the foreign trade law, in which the investor has significant involvement in the capital, and which has a significant impact;

42) subordinated units – shall mean subsidiaries, interdependent and associated;

43) affiliated-shall mean two or more entities within the Group;

44) group-shall mean a parent undertaking, together with the subsidiaries;

45) consolidation means combining financial statements of foreign capital making up the group by summing the appropriate position of the financial statements of the parent and subsidiaries, taking into account the necessary exemptions and adjustments;

46) equity-minority shall mean the part of the net assets of the subsidiary, covered by the consolidated financial statements, which belongs to shareholders other than the units of the Group;

47) method of property rights is a means adopted by its parent, venturer unit of interdependent or significant investor valuation method shares in net assets of subordinated units, taking into account the goodwill or negative goodwill goodwill established on the day of the control, współkontroli or exert significant influence. The starting value of the share updates at the balance sheet date, on which the financial statements shall be drawn up, change the value of net assets that underlies that occurred during the reporting period, resulting from both the achieved profit, adjusted for a copy of the HP goodwill or negative goodwill goodwill is attributable to the reporting period, as well as any other changes, including arising from settlement of the parent , a member unit of interdependent or significant investor;

48) European economic area – shall mean the European Union countries plus Iceland, Liechtenstein and Norway.

1a. the micro Units within the meaning of the Act are: 1) the companies referred to in article 1. 2. 1 paragraph 1, other legal persons, as well as branches of foreign entrepreneurs within the meaning of the freedom of economic activity, if these units in the fiscal year for which the financial report shall be prepared by, and in the year preceding the financial year, (a) in the case of units starting in the fiscal year, which started business, did not exceed at least two of the following three sizes: a) 1 500 000 PLN – in the case of the total assets of the balance sheet at the end of the financial year , b) 3 000 000 $-in the case of net revenue from the sale of goods and products for the year, c) 10 people – in the case of annual average employment per FTE, 2) associations, trade unions, employers ' organizations, chambers of Commerce, foundations, representations of foreign entrepreneurs, within the meaning of the freedom of economic activity, socio-professional farmers ' organisations, self-regulatory organizations, organizations of economic government craft and Polish Office Communication Insurers-if you do not carry out economic activities , 3) natural persons, partnerships of individuals, companies, public individuals and partner companies, if the net revenue from the sale of goods, products and financial operations amounted to the equivalent in Polish currency not less than EUR 1 200 000 and not more than 2 000 000 euro for the previous financial year, (a) in the case of start-up units or bookkeeping in the manner laid down by law-in the financial year , which started business or bookkeeping in the manner specified by law, 4) natural persons, partnerships of individuals, companies, public individuals and partner companies, which apply the accounting rules on the basis of article. 2. 2 — in respect of which the approval authority has taken a decision on the preparation of the financial statements with the application of article 2. 46 paragraph 1. 5 paragraph 4, art. 47 paragraph 1. 4, paragraph 4, art. 48 para. 3, art. 48A para. 3, art. 48B para. 4 or article. 49 paragraphs 1 and 2. 4.1b. Micro-units for the purposes of this Act are also the units referred to in paragraph 1. 1A paragraph 1, that: 1) for the previous financial year have drawn up the financial statements with the application of article 2. 46 paragraph 1. 5 paragraph 4, art. 47 paragraph 1. 4, paragraph 4, art. 48 para. 3, art. 48A para. 3, art. 48B para. 4 or article. 49 paragraphs 1 and 2. 4 and


2) in the financial year for which the financial report shall be prepared by, or in the year preceding the financial year exceeded two of the listed in paragraph 1. 1A paragraph 1 size.

1 c. small Units within the meaning of the Act are: 1) the companies referred to in article 1. 2. 1 paragraph 1, other legal persons, referred to in article 1. 2. 1 point 2, and branches of foreign entrepreneurs within the meaning of the freedom of economic activity, if these units in the fiscal year for which the financial report shall be prepared by, and in the year preceding the financial year, (a) in the case of start-up units or bookkeeping in the manner laid down by law-in the fiscal year, which started business or bookkeeping in a way specified by law , did not exceed at least two of the following three sizes: a) $17 000 000, in the case of the total assets of the balance sheet at the end of the fiscal year, (b)) 34 000 000 PLN – in the case of net revenue from the sale of goods and products for the year, c) 50 people – in the case of annual average employment per FTE, 2) natural persons, partnerships of individuals, companies, public individuals and partner companies which apply accounting principles on the basis of article. 2. 2 — in respect of which the approval authority has taken a decision on the preparation of the financial statements with the application of article 2. 46 paragraph 1. 5 section 5, art. 47 paragraph 1. 4 section 5, art. 48 para. 4, art. 48A para. 4, art. 48B para. 5 and art. 49 paragraphs 1 and 2. 5.1 d. Small units for the purposes of this Act are also the units referred to in paragraph 1. 1 c: 1) for the previous financial year have drawn up the financial statements with the application of article 2. 46 paragraph 1. 5 section 5, art. 47 paragraph 1. 4 section 5, art. 48 para. 4, art. 48A para. 4, art. 48B para. 5 and art. 49 paragraphs 1 and 2. 5 and 2) in the financial year for which the financial report shall be prepared by, or in the year preceding the financial year exceeded two of the listed in paragraph 1. 1 c paragraph 1 size.

1E. The provisions of paragraphs 2 and 3. 1A and 1 c shall not apply to: 1) units referred to in article 1. 2. 1 paragraph 3;

2) units wishing to apply for or applying for authorisation to carry on activities on the basis of the provisions referred to in article 1. 2. 1 paragraph 3;

3) issuers of securities admitted, issuers wishing to apply for or applying for their admission to trading on one of the regulated markets of the European economic area;

4) issuers of securities admitted to trading in the alternative trading system;

5) national payment institutions;

6) electronic money institutions;

7) units of the public finance sector.

1F. for the purposes of paragraph 1. 1 paragraph 36 (b). (f) and paragraph 37 (b). and (d) the right to vote and the rights of appointment and dismissal of the members of the management boards, supervisory or administrative belonging to any other subsidiary, as well as rights belonging to persons acting in his own name but on behalf of the parent undertaking or of another subsidiary, are added together with the relevant rights of the parent. These rights shall be reduced by the rights associated with shares held: 1) on behalf of a person who is not the parent or its subsidiary, or 2) by way of security, where these rights are exercised in accordance with the instructions, or 3) in connection with the granting of loans in the ordinary course of business, if voting rights are exercised in the interests of the person providing the security.

1 g. for the purposes of paragraph 1. 1 paragraph 36 (b). (f) and paragraph 37 (b). (a), (b) and (d) the total voting rights of shareholders in a subsidiary shall be reduced by the voting rights attaching to shares owned by this subsidiary, its subsidiary, or a person acting in his own name but on behalf of those undertakings.

2. the size expressed in euro shall be converted into the currency of Poland at the average exchange rate, announced by the Polish National Bank, at the balance sheet date, subject to the provisions of paragraph 2. 3.3. Expressed in euro size, referred to in paragraph 1. 1A of paragraph 3 and in article 3. 2. 1 paragraph 2 and paragraph 3. 2, shall be converted into the currency of Poland at the average rate announced by the Polish National Bank, on the first working day of October of the preceding year in the financial year.

4. If an entity has adopted to use foreign fixed assets or intangible assets under the agreement, according to which one of the parties, hereinafter referred to as the "financing", the other side, hereinafter referred to as "beneficiary", fixed assets or intangible to paid use or also the beneficial use of time, these measures and values belongs to the assets of the beneficiary if the contract complies with at least one of the following conditions : 1) takes ownership of its subject matter to the lessee after the end of the period for which it is concluded;

2) includes the right to acquire the subject matter by the beneficiary after the end of the period, which was concluded at a price lower than the market value of acquisition;

3) period for which was concluded, is responsible for the most part the envisaged duration of the economic life of the asset or property law, which may not be less than 3/4 of that period. Ownership of the subject of the contract may be, after the period for which the agreement was concluded, transferred to the lessee;

4) the amount of fees, less any discount, fixed on the day of conclusion of the contract and per to pay during its term, exceeds 90% of the market value of the subject-matter of the contract on this day. A total of fees shall take into account the residual value of the subject contract, which the Licensee undertakes to pay for the transfer of ownership on it. To the sum of the fees do not include payments to the lessor for benefits, taxes and social contributions for this item, if the Licensee pays them regardless of the fees for the use of;

5) contains a promise to the lessor to conclude with using another agreement on putting in paid using the same subject or the renewal of existing, on terms more favourable than provided for in the contract;

6) provides for the possibility of termination, provided that any resulting from the expenses and losses incurred by the lessor pays the licensee;

7) subject-matter of the contract has been adapted to individual needs. It can be used only by the lessee, without making any significant changes in it.

5. If one or more of the conditions referred to in paragraph 1. 4, put into use the licensee fixed assets or intangible assets included in financing to financial assets as other long-term or short-term assets.

6. units, with the exception of the entities referred to in paragraph 1. 1E, which for the previous financial year did not exceed at least two of the following three volumes: 1) $17 000 000, in the case of the total assets of the balance sheet at the end of the fiscal year, 2) $34 000 000 in the case of net revenue from the sale of goods and products for the year, 3) 50 people – in the case of annual average employment per FTE, and Government entities can make qualification contracts referred to in paragraph 1. 4, according to the rules set out in the regulations and do not use the provisions of paragraph 1. 4 and 5.

Article. 4. [accounting] 1. The unit shall apply rules adopted accounting policies, fairly and clearly presenting the material and financial situation and financial results.

1a. To a fair and clear presentation of the assets and financial profit or an entity shall provide any additional information necessary for the fulfilment of this obligation in the notes.

1B. If in exceptional cases the application of a specific provision of the Act is not to fair and clear presentation of the assets and financial profit, an entity shall not apply this provision and in the notes to justify the reasons for its failure and determines the impact that the failure provision has on the material and financial position and profit or loss of the unit.

2. events, including economic operations, shall be entered in the accounts and reported in the financial statements in accordance with their terms.

3. the Accounting Unit includes: 1) adopted the principle of accounting policy;

2) to conduct, on the basis of evidence of accounting, bookkeeping, endearing records events in chronological and systematic;

3) periodic setting or checking by the actual state of the inventory of assets and liabilities;

4) valuation of assets and liabilities and determining the result;

5) the preparation of financial statements;

6) collection and storage of accounting evidence and documentation laid down by law;

7) placing the study, folding to the appropriate court registry, sharing and publication of accounts in the cases provided for by law.

4. An entity may within the framework of the principles of accounting policies use of simplification, if it does not have a significantly negative impact on the implementation of the obligation referred to in paragraph 1. 1.


4A. in applying the provisions of the Act, an entity shall be guided by the principle of materiality. The information presented in the financial statements and the consolidated financial statements should be regarded as relevant when their omission or distortion can affect the decisions made on this basis by the users of these reports. Cannot be considered as individual items in the relevant if all nonessential items of a similar nature together shall be deemed to be relevant.

5. (4) head of unit, unless separate legislation provides otherwise, shall be liable for the performance of the duties of the accounting specified by law, including supervisory, also in the case where certain obligations in accounting – with the exception of the responsibility for carrying out the inventory in the form of an inventory of nature – will be entrusted to another person, or traders, as referred to in article. 11 (1). 2, with their consent. The adoption by another person or trader should be established in writing. In the case when the head unit is a dormitory authority, and has not been indicated, the responsible person, the responsibility of all members of this body.

Article. 4A. [the responsibility of the head of unit and the members of the supervisory board] 1. Head of unit and the members of the Supervisory Board or other supervisory bodies are obliged to ensure that the financial statements, the consolidated financial statements, the management report and the report on the activities of the Group comply with the requirements provided for in the Act.

2. the head of unit and the members of the Supervisory Board or another supervisory units correspond to be jointly and severally liable to the company for damage caused to an act or omission which is a violation of the obligation under paragraph 1. 1. Article. 5. [the continuation Rule rules] 1. Adopted rules for the accounting policy should be applied in a continuous manner, by making in the following years, rotating homogeneous grouping economic operations, valuation of assets and liabilities, including making the depreciation or umorzeniowych, for determining the financial result and the preparation of financial statements, so that for subsequent years information resulting therefrom were comparable. Shown in the accounts at the time of the closure of United States assets and liabilities should be recognised in the same height in the open for the next financial year the accounting ledgers.

2. In the application of the principles of accounting policy assumes that an entity will continue in the foreseeable future activities in niezmniejszonym indeed, so far without bringing her into liquidation or bankruptcy, unless this is inconsistent with the facts or the law. In determining the ability of the unit to continue its operations, head of unit shall take into account all the information available as of the date of the financial statements, for the foreseeable future, covering a period of not less than one year from the balance sheet date.

Article. 6. [income and expenses for the fiscal year] 1. In the accounts of the unit you must enclose all achieved per the income and chargeable to the it costs associated with the revenue for the financial year, regardless of their pay.

2. in order to ensure the adequacy of the revenues and related costs of the assets or liabilities of the reporting period are included in the costs or revenues of future periods and for this reporting period costs, which have not yet been incurred.

Article. 7. [the principle of prudent valuation] 1. The individual components of assets and liabilities shall be valued using the actual costs incurred in their acquisition (create) the prices (costs), subject to the precautionary principle. In particular, in order to do this, as a result, regardless of its amount, account shall be taken of: 1) the reduction of the value in use or commercial assets, including those made in the form of depreciation or umorzeniowych;

2) (repealed);

3) only undoubted other operating income and extraordinary income;

4) all other expenses incurred and losses extraordinary;

5) reserves for known unit of risk, threatening the loss and the effects of other events.

2. The events referred to in paragraph 1. 1, must be taken into account also when they discovered between the balance sheet date and the date on which actually follows the closure of the accounts.

2A. the micro, referred to in article 1. 3 paragraphs 1 and 2. 1A, paragraph 2, may choose not to preserve the precautionary principle when valuing individual assets and liabilities.

3. The value of individual assets and liabilities, income and related costs, as well as extraordinary gains and losses shall be determined separately. You can't compensate for different values with each other as to the kind of assets and liabilities, income and expenses and profits and losses associated with them.

Article. 8. [select solutions allowed by law] 1. By specifying the rules for accounting policy to ensure separation in accounting all events relevant to the assessment of the financial situation and the financial and profit units, while maintaining the precautionary principle referred to in article 1. 7.2. To fair and clear presentation of the situation, an entity may, with effect from the first day of the financial year, regardless of the date of the decision, change the previously used solutions on the other, provided for by law. Change not yet solutions also requires determining the notes the impact of these changes on financial statements required in other laws, if they have been drawn up for the period in which the above solutions have changed. If this should be in the financial statements for the fiscal year in which these changes occurred, provide reasons for these changes, quantify their impact on the financial result and to ensure comparability of data of the financial statements for the year preceding the financial year in which the change was made. Effect of change in accounting policy which refers to the capital (Fund) and shows as a gain (loss) from previous years.

3. in the event of a change in accounting policies due to the cessation of the application of IAS for financial statements by the entities referred to in article 1. paragraph 45. 1A and 1b, the financial impact of the transition on the principles of the accounting policy set out in the Act refers to the capital (Fund) and shows as a gain (loss) from previous years, and if the effects of the revaluation of the assets made in accordance with IAS were applied with a capital (Fund) from revaluation – as a change in the status of this capital (Fund). The change in accounting policy on discontinuing use IAS for financial statements shall apply mutatis mutandis the provisions of paragraph 1. 1 and 2.



Chapter 2 Keeping accounts Art. 9. [Polish Language, currency, Poland] accounts in Polish language and in Polish currency.

Article. 10. [Documentation] 1. An enterprise should have documentation that describes Polish language adopted by the rules of accounting policy, in particular concerning: 1) the terms of the financial year and its composition of the reporting periods;

2) valuation methods of assets and liabilities and determining the result;

3) how to keep books of account, including at least: (a)) accounts, share fixing a list of General ledger accounts, adopted rules for the classification of events, conduct books, and accounts of their relationship with the General ledger accounts, (b)) the list of accounts, and the conduct of the accounts using your computer – the list of datasets that make up the accounts on data carriers with the determination of their structures, interconnections, and their function in the organisation of the whole accounting and data-processing processes , c) description of the data-processing system, and the conduct of the accounts using your computer – the description of the information system, which contains a list of programs, procedures or functions, depending on the structure of the software, along with a description of algorithms and parameters and software data protection principles, including, in particular, methods of data access security system and their processing, and, in addition, specify the version of the software and the date of the start of its operation;

4) system for data protection and their collections, including evidence of accountants, accounts and other documents forming the basis made entries in them.

2. the head of unit shall be in written form and updates the documentation referred to in paragraph 1. 1.3. In the case of matters not regulated by the provisions of the Act by adopting the principle of accounting policy, individuals may use national accounting standards issued by the Accounting Standards Committee. In the absence of national standards, units, other than those mentioned in article 2. 2. 3, can apply IAS.

Article. 11. [place of books] 1. The accounts are carried out by the body.

2. [5] Unit may entrust the keeping of the accounts:


1) the trader referred to in art. 76A paragraph. 3, or an entrepreneur servicing activities in this regard from another Member State within the meaning of article 3. 2. 1 section 4 of the Act of 4 March 2010 on the provision of services on the territory of the Republic of Poland (Journal of laws No. 47, item 278, with further amendments);

2) in the case of units of the public finance sector is another unit of the public finance sector, on the principles set out in legislation separate.

Article. 11A. [bookkeeping outside the headquarters of the unit or place of exercise of the Board] where the accounts are carried out outside the headquarters of the unit or place of exercise of Executive Board, head of unit shall: 1) reported to the competent tax authority about the place of books within 15 days from their date of issue;

2) ensure availability of accounts along with the accounting evidence notified bodies the external control or supervision at the headquarters of the unit or place of exercise of the Board or in another place with the consent of the inspection authority or supervision.

Article. 12. [the opening and closing of the books] 1. The accounts open, subject to paragraphs 2 and 3. 3:1) on the day of commencement of the business, which is the day of the first event of the caller property or financial nature effects, 2) at the beginning of each subsequent fiscal year, 3) on the day of the change of legal form, 4) on the day of registration combinations or split units, giving rise to a new unit (units), 5) on the day of commencement of liquidation or bankruptcy-within 15 days from the date of the occurrence of these events.

2. The accounts closed, subject to paragraph 2. 3, 3a, 3b and 3 c: 1) on the day of ending the fiscal year 2) on the day of termination of the activities of the entity, including its sale, the completion of the liquidation or bankruptcy proceedings, unless its remission, 3) on the day before the change of the legal form, 4) in the acquiree at the date the connection associated with the acquisition of units by another unit, it is on the day of the entry in the register this connection , 5) on the day preceding the day of Division or combination, if, as a result of the Division or a combination of the new unit, it is on the day preceding the day of entry to the registry of the merger or Division, 6) on the day preceding the day of placing the unit in the liquidation or bankruptcy, 7) to a different reporting date specified separate – not later than within 3 months from the date of the occurrence of these events.

3. You can not and do not open accounts in the case of: 1) the conversion of a partnership and a partnership in another partnership, as well as a capital company in another, as a capital company;

2) combination, when according to the law the settlement calls followed by a pooling of interests method and does not create a new unit;

3) [6] (repealed).

3A. You can not close the accounts, if the Division unit follows by separation.

3B. You can not close the accounts for the financial year in which the activities of the unit at all times remained suspended, unless an entity makes a depreciation or umorzeniowych or there are other events that trigger the effects on the nature of the property or financial.

3 c. the provisions of paragraph 1. 3B shall not apply to issuers of securities wishing to apply for a marketing authorisation or applying for admission to trading on a regulated market in a Member State belonging to the European economic area and the issuers of securities admitted to trading on the market.

4. the final closing and opening of the accounts continuing unit activities should take place no later than within 15 days from the date of approval of the financial statements for the financial year.

5. Closing of the accounts is the irreversible disabling the possibility of accounting records in the collections that make up the closed accounts, taking into account article. 13 paragraph 1. 2 and 3.

Article. 13. [Components of the accounts] 1. The accounts include a collection of journal entries, turnover (sum records) and balances, which are: 1) the log;

2) General Ledger;

3) paper;

4): turnover and balances of the General ledger accounts and the account balances of the accounts of the subsidiary;

5) list of assets and liabilities (inventory).

2. In conducting the accounts using the computer equivalent of them considers appropriate information resources, organized in form of a separate computerized sets of data, a database, or a separate part thereof, regardless of the place of their creation and storage.

3. maintenance of information resources accounting system in the form referred to in paragraph 1. 2 is having by a software capable of supplying clear information with respect to the records made in the accounts, through their print or transfer it to the media.

4. The accounts, taking into account the techniques of their conduct, should be: 1) permanently tagged name (full or abbreviated) the entity to which they relate (every book tie-in, each loose kontowa card, also if they have the form of a computer printout or statement displayed on the screen, a computer monitor), the name of the type of ledger and the name of the program processing;

2) clearly marked as to the fiscal year of the reporting period and the date of preparation;

3) stored carefully in a fixed order.

5. when the conduct of the accounts using the computer, you must provide an automatic control of the continuity of records, transfer of rotation or balances. Computer printouts of the accounts should be automatically numbered pages, with the indication of the first and last, and be summarized on the following pages on a continuous basis in the fiscal year.

6. The accounts must be printed no later than the end of the fiscal year. Equivalent to print shall be deemed to transfer the content of the accounts in the it media, ensuring the durability of recording information, for no shorter than required for the storage of the accounts.

Article. 14. [official] 1. The log contains a chronological recognition events that occurred during the reporting period. Regardless of the technique of bookkeeping journal should enable the reconciliation of its rotation with the rotation of the statement and balance general ledger accounts.

2. Entries in the journal shall be numbered sequentially, and the sum of the entries (turnover) in perpetuity. How to make a log should enable them explicitly to with proven and approved accounting evidence.

3. If partial logs, grouping events by their types, it should be drawn up a statement of turnover of these logs for a given reporting period.

4. when the conduct of the accounts using the computer entry should have automatically assigned to the item number under which it was introduced to the log, and data to determine the responsible person for the content of the record.

Article. 15. [General ledger account] 1. General ledger accounts contain references to events in a systematic approach. General ledger accounts is the recognition of registered previously or simultaneously in the event log, in accordance with the principle of double entry.

2. Entries on a specific general ledger account shall be made in chronological order.

Article. 16. [the account books of the secondary] 1. The account books of the excipients include records that uszczegółowieniem and complementary to the entries in the General ledger accounts. Leads to them in terms of systematic as extracted from the system books, directories (collections accounts), computer data sets, agreed with balances and entries to General ledger accounts.

2. The accounts of the books of the minor within the reporting period used in addition to or instead of monetary units, the units. You then need to make a statement at the end of the reporting period the entries made in the accounts books of ancillary units and determine their value.

3. (repealed).

Article. 17. [the conduct of subsidiary ledgers account] 1. The account books of the auxiliary leads, in particular, for: 1) of fixed assets, including fixed assets under construction, intangible and made them the depreciation or umorzeniowych;

2) settlement with contractors;

3) settlements with employees, and in particular as holds records of employees ' salaries for obtaining information from the entire period of employment;

4) operation (numbered sequentially own invoices and other evidence, the level of detail necessary for tax purposes);

5) purchases (foreign invoices and other evidence, the level of detail necessary for the valuation of assets and for tax purposes);

6) costs and significant for the individual assets;

7) cash operations in the case of cash.

2. the head of the unit, having regard to the nature and value of the individual groups of tangible components of current assets held by an entity decides to use one of the following methods of account books for these groups of constituents:


1) records of the quantitatively-valuable, in which for each component are recognised and United States in natural units and cash;

2) quantitative records and States, carried out for the individual components or homogenous groups exclusively in natural units. The status value is measured at least at the end of the reporting period, which is followed by the settlement of the budget income tax, made on the basis of the actual data;

3) keep valuable and States of goods and packaging, retail points or places of storage, which records only revenue, expenditure and the entire item;

4) written off in the cost of materials and goods at the time of purchase or the finished product at the time of their creation, joined with the State of these assets and its valuation and cost adjustment of the value of this State, not later than at the balance sheet date.

Article. 18. [summary of turnover and balances] 1. The entries in the General ledger accounts shall be drawn up at the end of each reporting period, not less than at the end of the month, and balance sheet, containing: 1) symbols or names of accounts;

2) account balances on the opening day of the accounts, turnover for the reporting period and cumulatively since the beginning of the financial year and the balance at the end of the reporting period;

3) the sum of the balances on the opening day of the accounts, turnover for the reporting period and cumulatively since the beginning of the financial year and the balances at the end of the reporting period.

The turnover of this statement shall be in accordance with the rotation of the log or turnover statement log rotation.

2. At least on the day of closing of the accounts shall be drawn up a statement of balances of all accounts books, and on the day of inventory – statement of balances of inwentaryzowanej a group of assets.

Article. 19. [Inventory] 1. List of assets and liabilities (inventory), confirmed their inventory, shall draw up the units, which have not previously been accounts in the manner specified by law. In the rest of the units role inventory meets the General ledger account and balance sheet and the statement of account balances of the accounts of the subsidiary on the closure of the accounts.

2. the inventory drawn up by units that have not been previously accounts should be equivalent to or development of individual items in the balance sheet. Assets and liabilities are valued in the inventory according to the rules set out in Chapter 4.

Article. 20. [entries in the books of the reporting period] 1. To the accounts of the reporting period should be introduced, in the form of writing, any event that has occurred in the reporting period.

2. the entries in the accounts of the accounting evidence is evidencing economic operations, hereinafter referred to as "source evidence": 1) external – received from contractors;

2) external own-submitted in the original contractors;

3) internal-concerning operations inside the unit.

3. the records may also be drawn up by the accounting evidence: 1) cumulative-to make the total entries in the collection of evidence, which must be in the proof packaging individually listed;

2) memos the previous records;

3) surrogate-issued until an external foreign source evidence;

4) billing-engaging already made records according to the new classification criteria.

4. in the case of legitimate inability to obtain external foreign evidence source, unit manager may authorize the documentation of business operations by using the accounting evidence of replacement, made by persons performing these operations. This may not, however, apply to business transactions involving purchases taxed tax on goods and services and the purchase of non-ferrous metals from the public.

5. when the conduct of the accounts using the computer equivalent of evidence is considered source entries in the accounts, automatically entered through communication devices, information storage media or created by the algorithm (program) on the basis of the information already in the books, while ensuring that, during registering these records at least the following conditions are met: 1) will permanently readable form compatible with the content of the relevant evidence of Accountants;

2) it is possible to declare the sources of their origin and the establishment of a person responsible for their implementation;

3) provides a procedure used to validate the process relevant data and completeness and identity records;

4) data source in place of their creation are adequately protected, in a way that ensures their immutability, for a period that is required to store the type of evidence.

Article. 21. [proof of entry] 1. Proof of entry should contain at least: 1) determine the type of proof and his identification number;

2) identification (name, address) carrying out operations;

3) description of the operation and its value, if possible, as set out in natural units;

4) the date of the operation, and when evidence has been drawn up under a different date-the date of drawing up of proof;

5) the signature of the issuer of the evidence and of the person to whom issued or from which adopted the assets;

6) review and classification of evidence to be included in the accounts by the indication of the month and how the recognition of proof Books (post), the signature of the person responsible for these indications;

7) (repealed).

1a. You can refrain from posting on the proof of the data referred to in paragraph 1:1). 1 paragraphs 1 to 3 and 5, if this is due to the separate provisions;

2) in paragraphs 1 and 2. 1, point 6, if this is due to the technique of documenting the accounting entries.

2. The value can be in the proof omitted, if in the course of processing in accounting data expressed in natural units, followed by their valuation, confirmed the relevant to printing.

3. proof of entry totalling foreign currencies should include the conversion of their values on the Polish currency at the exchange rate applicable on the date of the operation. The result of the conversion shall be shown directly on the proof, unless the data processing system provides automatic conversion of foreign currency into the currency of Poland, and this conversion confirms the appropriate output.

4. If the evidence documents the transfer or acquisition of the asset, the transfer of ownership or perpetual usufruct of land or is not proof, signatures of the persons referred to in paragraph 1. 1, paragraph 5, can be replaced with the characters for the determination of these people. Signatures on documents and issued securities can be recreated automatically.

5. at the request of the control authorities or statutory auditor must provide reliable translation to Polish the content indicated by the evidence, drawn up in a foreign language.

Article. 22. [characteristics of accounting evidence] 1. Evidence of accounting should be fair, it is compatible with the real course of economic operation, which document, complete, containing at least the data referred to in article. 21, and error-free. It is unacceptable in the accounting evidence Eraser and refactoring.

2. errors in external source and your own can be corrected only by sending the other party relevant document containing the corrected version, along with the relevant justification, unless other laws provide otherwise.

3. internal evidence Errors can be corrected by deleting the erroneous content or the amount of maintenance the readability of the erased expressions or numbers, enter the correct content and the date of amendment and signature of the person authorized to do so, unless separate legislation provides otherwise. You cannot enhance individual letters or numbers.

4. If one operation documents more than one proof, or more than one copy of proof, head of unit shall determine how to handle each of them and indicates that evidence or a copy will be the basis to make the record.

Article. 23. [Records in the accounts] 1. Entries in the accounts shall be made on a lasting basis, without leaving spaces for subsequent additions or changes. In the accounts using the computer, you must use the appropriate procedures and measures to protect against destruction, modification, or hidden writing.

2. the entry should contain at least: 1) the date of the operation;

2) the type and identification number of the accounting evidence giving rise to write and his date, if it is different from the date of the operation;

3) plain text, abbreviation or code description of the operation, except that you must have a written explanation of the content or codes;

4) the amount and the date of recording;

5) the designation of the affected accounts.

3. Records of operations denominated in foreign currencies shall be made in such a way as to determine the amount of the operation in the Polish currency and foreign.

4. Entries in the journal and the General ledger accounts should be related to each other in a way that allows them to check.


5. Entries in the accounts shall be made in a manner that ensures their sustainability for no shorter than required for storing books.

Article. 24. [how to keep books of account] 1. The accounts should be carried out fairly, flawlessly, sprawdzalnie and keep.

2. The accounts shall be deemed to be reliable, if made in these records reflect the State of the real.

3. The accounts shall be deemed to be carried out flawlessly, if introduced to them completely and correctly all qualified for the post in a given month accounting evidence, provides continuity of records and accuracy of operation procedures.

4. The accounts shall be deemed to be a verifiable, if enable you to determine the correctness of the made in these records, States (balances) and the operation of the procedures, and in particular: 1) document records to identify evidence and how to save in the accounts at all stages of the processing of data;

2) records are ordered chronologically and systematically according to the classification criteria for drawing up the applicable unit of financial statements and other reports, including tax returns and accounts;

3) in the case of accounts using the computer provided is to control the completeness of sets of accounting system and data processing;

4) provides access to the collections of data, regardless of the technique, to obtain, at any time and for any reporting period clear and understandable information about the content of the entries made in the accounts.

5. The accounts shall be deemed to be carried out continuously, if: 1) derived from them information to draw up within the applicable unit of financial statements and other reports, including tax returns and accounts;

2) statement of turnover and balances of the General ledger accounts shall be drawn up at least for each reporting periods, at least at the end of the month, within the period referred to in paragraph 1, for the fiscal year, not later than 85 the day after the balance sheet date;

3) shot of cash deposits and withdrawals, cheques and bills of Exchange in foreign and retail and catering in the same day, in which they were made.

Article. 25. [fixing bugs in] 1. The identified errors in the records is improving: 1) by deleting the existing content and type a new, preserving the readability of the erroneous, and the signing of the amendment, and the placement of the date; such amendments must be made simultaneously in all the accounts and may not take place after the close of the month or 2) for introduction to the books of evidence containing the correction of erroneous records, made only the provisions of positive or negative only.

2. in the event of disclosure of errors after the close of the month or accounting books using a computer, only allow adjustments made as specified in paragraph 2. 1 point 2.



Chapter 3 the inventory of Art. 26. [the term and item inventory] 1. The unit shall carry out on the last day of each fiscal year an inventory: 1) cash assets (except in the Bank), securities in the form of material, plant and equipment components of current assets, fixed assets and real estate in investment, subject to paragraph 3, as well as machinery and equipment forming part of the fixed assets under construction – by inventory quantities in nature, the valuation of these quantities, the value comparison with the data of the accounts and to clarify and settle any differences;

2) financial assets held in bank accounts or held by other entities, including securities in uncertificated form, receivables, including loans, subject to paragraph 3, and entrusted to the contractors own assets-by receiving from banks and obtain confirmation from counterparties of the correctness of shown in the accounts of the State units of those assets and to clarify and settle any differences;

3) fixed assets, access to which is much more difficult, the land and the rights of qualified property, claims disputed and questionable, and in banks also claims at risk, receivables and liabilities to persons not involved in the accounting books, with titles of public, as well as assets and liabilities other than those listed in paragraph 1 and 2 and listed in points 1 and 2, if the carrying out of their lineup with nature or arrangement for reasons justified was not possible – by comparison of the data of the accounts with the appropriate papers and verification of the values of these components.

2. Inventory by inventory by nature shall be also located in the unit assets, owned by other entities entrusted to it for sale, storing, processing, or use of, these units of the results of the census. This obligation does not apply to entities providing postal services, transport, freight forwarding and storage.

3. the time and frequency of the inventory referred to in paragraph 1. 1, shall be deemed to be complied with, if the inventory: 1) assets – with the exception of monetary assets, securities, products in the course of production and materials, goods and finished products referred to in article 1. 17 paragraph 1. 2 paragraph 4 – not earlier than 3 months before the end of the financial year, and was completed to the 15th day of the following year, the determination and the State was by adding or write-off the State established by the Census of nature or confirmation of balances – revenues and expenditures (increases and decreases), that occurred between the date of the census or confirm and determine the State resulting from the accounts, the State resulting from the accounting books cannot be established after the balance sheet date;

2) stocks of materials, goods, finished products and semi-finished products that are located in controlled landfills and covered by a quantitatively-valuable-was conducted once in two years;

3) real property included in the fixed assets and investments, as well as appearing in the guarded other fixed assets and machinery and equipment forming part of the fixed assets under construction – once in 4 years;

4) stocks of goods and materials (packaging) covered by a valuable retail points of the unit – once a year;

5) wood stocks in units engaged in forestry – once a year.

4. The inventory referred to in paragraph 1. 1, shall be carried out on the day of completion of the activity, and on the day before putting it in the liquidation or bankruptcy.

5. You can withdraw from the counting: 1) [7] (repealed)

2) in the case of a merger or Division of the units, with the exception of the capital companies, where the parties by agreement in writing waive counting;

3) in the case of suspension of business, if in accordance with article 5. 12 paragraph 1. 3B unit does not close the accounts.

Article. 27. [document the inventory] 1. Conduct and the results of the inventory should be properly documented and linked with the accounts.

2. Disclosed in the course of the inventory of the differences between the real state and the State shown in the accounts, it should be clarified and settled in the accounts of the financial year, which was the term inventory.



Chapter 4 the valuation of assets and liabilities and the determination of the profit or Article. 28. [the inventory on the last day of the fiscal year] 1. The assets and liabilities shall be valued at least at the balance sheet date as follows: 1) tangible and intangible – according to the purchase price or production cost, or revalued amount (after the revaluation of fixed assets), less any depreciation or umorzeniowe, as well as copies of the permanent impairment;

1A) real estate and intangible assets included in the investment-according to the rules applicable to the fixed assets and intangible assets referred to in paragraph 1 and in article 3. 31, art. 32 paragraph 1. 1-5 and article. 33 para. 1, or according to the market price or otherwise referred to fair value;

2) assets under construction – in the amount of the total cost in direct connection with their acquisition or production, less any write-downs for permanent loss of value;

3) shares in other units and other than those listed in paragraph 1a of the investment in fixed assets – at cost less write-downs for permanent loss of value or fair value or the adjusted purchase price – if the asset was specified due date; the value in the purchase price you can revalue to the value in the market price, and the difference from the revaluation to settle in accordance with art. 35 paragraph 1. 4;

4) shares in units subordinated to assets-according to the rules set out in point 3 or the equity method, provided that it is applied uniformly to all subordinate units;


5) short-term investments-by price (value) market or at cost or price (value), whichever is lower, or according to the adjusted acquisition price – if the asset was specified due date, and short-term investments for which there is no active market, otherwise referred to fair value;

6) tangible assets-according to purchase prices or production costs are not higher than the price of their net sales at the balance sheet date;

7) accounts receivable and loans – in the amount required for payment, subject to the precautionary principle, subject to paragraph 7a;

7A) accounts receivable and loans classified as financial assets may be valued at the corrected purchase price and, if an entity allocates them to sell for a period of up to 3 months, according to the market value or otherwise referred to fair value;

8) commitments – the amount that requires payment, subject to paragraph 8a;

8A) financial liabilities may be valued at the corrected purchase price and, if an entity allocates them to sell for a period of up to 3 months, according to the market value or otherwise referred to fair value;

9) reserve – in the reasoned opinion, reliably estimated value;

9A) shares (shares) your own – according to purchase prices;

10) other reserves (funds) of their own, with the exception of shares (shares) of its own, and other assets and liabilities – at face value.

2. The purchase price referred to in paragraph 1. 1, the purchase price of the asset, including the amount due to the seller, without deductible goods and services tax and Excise, and, in the case of import increased by load of a special fund under public law, and increased by the costs directly related to the purchase and adaptation of the asset to the State of capable to use or placing on the market, including the costs of transport, loading, unloading, storage or placing on the market of and reduced by discounts, rebates and other similar reductions and recoveries. If it is not possible to determine the purchase price of the asset, and, in particular, adopted free of charge, including by gifts-its valuation shall be carried out according to the selling price of the same or similar subject matter.

2A. In cases of acquisition of shares (shares) of its own in repossessions for the purchase price is considered the purchase price down in enforcement proceedings, plus the costs incurred in the course of enforcement proceedings that have not been returned to the company. In the case of free acquisition of shares (shares) your purchase price covers all costs incurred by the company on their acquisition.

3. The cost of the product includes the cost of remaining in direct connection with the product and a reasonable proportion of the costs related to the formation of this product. Direct costs include the value of the used material, acquisition costs and process directly related to production and other costs incurred in connection with the product hook-ups to characters and places in which it is located at the measurement date. To reasonable, appropriate to the period of manufacture of the product, part of the indirect costs include the variable indirect costs of production, and this part of the fixed overheads of production which correspond to the level of these costs in the normal use of capacity. A normal level of capacity utilization is considered average, in line with expectations in typical conditions, the production volume for a given number of periods or seasons, taking into account the planned overhaul. If it is not possible to determine the cost of the product, its valuation shall be carried out according to the net selling price of the same or similar product, minus the average achieved by the sale of products gross profit from the sale, and in the case of a product in the course of-also taking into account the degree of processing it.

To the cost of manufacture of the product does not include the cost of: 1) which are the consequence of unused production capacity and production losses;

2) General management that are not related to the supply of the product to characters and places in which it is located at the measurement date;

3) storage of finished products and semi-finished products, unless you pay these costs is necessary in the production process;

4) cost of sales of the products.

These costs affect the profit or loss for the period in which they are incurred.

4. in cases of justified necessary long-term preparation of the item or product for sale, or a long period of manufacture of the product, the purchase price or production cost, you can increase the costs of handling the commitments entered into in order to finance the item of goods or products during their preparations for the sale or manufacture and related exchange differences less income from this title.

4A. where the annual financial statements shall not be subject to the obligation to research and publish, pursuant to art. 64 paragraph 1. 1 is by calculating the cost of manufacture of the product in accordance with paragraph 1. 3, an entity may to direct costs include indirect costs associated with the formation of this product, regardless of the level of capacity utilisation. Determined in this way, the cost may not be higher than the net selling price.

5. For the price (value) of the asset's net selling shall be possible at the balance sheet date the price of the sale, no goods and services tax and Excise, less discounts, rebates and other similar reductions and the costs associated with adapting the asset for sale and making that sale, plus due to the grant in question. If it is not possible to determine net selling price of the asset, in a different way to determine its fair value at the balance sheet date.

6. The fair value shall be the amount for which an asset could be exchanged, a liability settled the terms of market transactions between knowledgeable, unrelated parties. The fair value of financial instruments that are traded in an active market is the market price less the costs related to the carrying out of the transaction if the amount was significant. The market price of financial assets owned by the enterprise and the financial obligations that the entity intends to enlist, is reported on the current market bid, while the market price of financial assets that the entity intends to acquire, and entered into financial commitments is reported on the current market offer for sale.

7. Permanent loss of value occurs when there is a high probability that controlled by the asset will not in the future in a significant part or all of the anticipated economic benefits. This justifies an impairment of the asset value of supply resulting from accounting to net selling price, and in the absence thereof – to fixed otherwise fair value.

8. The purchase price and the cost of fixed assets under construction, fixed assets and intangible assets comprise their costs incurred by the enterprise for the period of construction, Assembly, adjustment and improvements to the balance sheet date or acceptance for use, including: 1) not subject to the deduction of the tax on goods and services and Excise;

2) cost of service commitments to their financing and related foreign exchange differences, minus the revenue from this title.

8A. The adjusted purchase price of financial assets and financial liabilities is the purchase price (value), in which the financial asset or financial obligations was first introduced to the accounts, reduced by the repayment of the nominal value, adjusted by the cumulative amount of the discounted difference between the initial value of the component and its value at maturity, calculated using the effective interest rate, as well as reduced by write-downs.

9. Deposits, which the policyholder bears the risk, are valued by the insurance company for life according to the fair values determined at the balance sheet date. The difference between the fair value and the value according to the cost or the cost of those deposits, respectively, increase or reduce the technical provisions-insurance policies, which the investment risk shall be borne by the policyholder. The fair value of the property determines the valuer at least every 5 years. If it is not possible to determine the fair value of other investments than real estate, their valuation is made at acquisition or production cost. The fair value of real estate located abroad and foreign financial instruments shall be determined according to the rules in force in their country of origin.

10. Insurance of personal property and allows the use of discounting or deductions only in determining the provisions for capitalised value of pensions, life insurance, life insurance, if investment risk (investment) shall be borne by the policy holder, and the provisions for bonuses and rebates (discounts) for insured persons in connection with the achieved income from deposits representing these reserves.


11. At the date of acquisition or formation shall be entered in the accounts of the acquired or arising from: 1) supplies of tangible components of current assets – according to purchase prices or production costs;

2) entitlements and obligations, including on loans – at face value.

12. the provision of paragraph 1. 11 paragraph 2 does not apply to banks.

Article. 28A. [micro] Unit shall measure not micro assets and liabilities at fair value and the adjusted purchase price.



Article. 28B. [Units exempt from application of the provisions of the Act] 1. The units for the previous financial year did not exceed at least two of the following three volumes: 1) $17 000 000, in the case of the total assets of the balance sheet at the end of the fiscal year, 2) $34 000 000 in the case of net revenue from the sale of goods and products for the year, 3) 50 people – in the case of annual average employment per FTE – may not apply provisions issued pursuant to art. 81 paragraphs 1 and 2. 2 paragraph 4.

2. The provisions of paragraph 1. 1 shall not apply to entities referred to in article 1. 3 paragraphs 1 and 2. 1E point 1 – 6, and micro units.

Article. 29. [valuation of net selling prices] 1. If the going concern assumption, referred to in article 1. 5. 2, is not well founded, it is the valuation of assets the unit net selling prices is possible to obtain, is not higher than the price of their acquisition or production cost, less any accumulated depreciation to date, or umorzeniowe, as well as copies of the permanent loss of value. In this case, the entity is also required to create a reserve for anticipated additional costs and losses caused by dropping or losing the ability to continue its operations.

2. The valuation of net selling prices and the creation of a reserve in particular, on the eve of bringing entities in liquidation or bankruptcy, at the end of the financial year, if on the day of the approval of the financial statements for the financial year an entity will not continue its activities at the end of the financial year attributable during the winding-up or bankruptcy, as well as on the eve of the transfer, distribution, or sale of units If the relevant agreement does not provide for the adoption of the basis of the accounts asset value determined on the assumption that economic activity will be by the unit.

2A. The difference is the result of the valuation and the establishment of the reserve referred to in paragraph 1. 1, affect the capital (Fund) from revaluation.

3. [8] the opening of reorganisation proceedings or a change in legal form the unit do not constitute obstacles to the recognition that the activity will continue.

Article. 30. [the assets and liabilities denominated in foreign currencies] 1. At least at the balance sheet date denominated in foreign currencies are valued: 1) assets (excluding shares in subordinated units valued using the equity method) and liabilities – at the prevailing on this day the average exchange rate published for the currency by the National Bank of Polish, subject to paragraph 2;

2) cash in the units engaged in buying and selling of foreign currency-exchange rate, followed by her purchase, but not higher than the average rate as announced at the measurement date for the currency by the Polish National Bank.

2. economic operations denominated in foreign currencies are recognised in the accounts on the day of their conduct, if separate provisions on funds from the budget of the European Union and other countries of the European economic area and the non-refundable resources coming from foreign sources not otherwise provided for, respectively, at the rate of: 1) actually used in that day, due to the nature of the operations, in the case of sale or purchase and payment of the debts or debts;

2) medium announced for a given currency by the National Bank of Polish on the preceding day the day – in the case of payment of debts or debts, if it is not reasonable to apply the rate referred to in paragraph 1, as well as for other operations.

3. where assets and liabilities are denominated in currencies for which the Polish National Bank does not publish the course, the rate of those currencies is determined in relation to the indicated by the unit of currency of reference, where the course is announced by the Polish National Bank.

4. Exchange differences on long-term investments denominated in foreign currencies, on the day of their valuation, accounted for as specified in article 4. 35 paragraph 1. 2 and 4. Exchange rate differences, subject to paragraph 2. 5-7 for the other assets and liabilities denominated in foreign currencies, on the day of their valuation and payment of receivables and liabilities in foreign currencies, as well as the sale of currencies, include up to revenue or financial costs, and, in justified cases, to the cost of the products or the purchase price of goods, as well as the purchase price or production cost of fixed assets, fixed assets under construction or intangible assets.

5. The resulting at the measurement date exchange rate differences on investments representing technical provisions, insurance and reinsurance undertakings conducting reinsurance activities in the reinsurance of life insurance include the income or expense charges and exhibit in the life-assurance technical account.

6. The resulting at the measurement date exchange rate differences on investments representing technical reserves of insurance for deposits means fair value and reserve for bonuses and discounts for policyholders, insurance-life and reinsurance undertakings conducting reinsurance activities in the field of reinsurance, property insurance and include the income or expense charges and show in the technical account non-life insurance.

7. On the measurement date exchange rate differences from receivables and liabilities arising from insurance and reinsurance undertakings are classified as other income or expense the technical participation of its own.

Article. 31. [Valuation of fixed assets] 1. The initial value as the purchase price or the cost of an asset increase cost of his improvements, reconstruction, expansion, modernisation or reconstruction and that the value of the measure after improvements exceeds that by admitting to the use of the value, as measured by a period of use, generation capacity, the quality of the products obtained by means of an improved asset, operating costs and other measures.

2. The initial value of fixed assets-with the exception of land intended the extraction of minerals by surface-reduce the depreciation or umorzeniowe made in order to take account of the loss of their values, resulting from the use or the passage of time.

3. The initial value and not yet made from fixed assets depreciation or umorzeniowe can, on the basis of separate provisions, subject to revaluation. Established as a result of the revaluation of the net book value of the asset should not be higher than its fair value, which the write-off in the expected period of its continued use is economically justified.

4. Created by revaluation difference, net fixed assets referred to in paragraph 1. 3, refers to the capital (Fund) from revaluation and may not be distributed. Capital (Fund) from revaluation shall be, subject to article 22. 32 paragraph 1. 5, reduced by revaluation difference previously updated disposed of or liquidated assets. This difference affects the capital (Fund), reserve or another of a similar nature, unless separate legislation provides otherwise.

Article. 32. [depreciation] 1. Depreciation or umorzeniowych of an asset shall be made by the systematic, planned distribution of its initial value on a fixed depreciation period. Start the depreciation shall take place no earlier than after the adoption of the fixed asset to use, and its completion, not later than the time equate the value of depreciation or umorzeniowych the initial value of the asset or of destination it to liquidation, sale or establish its deficiency, possibly taking into account the envisaged by the liquidation of the net selling price remains an asset.

2. in determining the depreciation period and annual depreciation rate shall take into account the economic life of the asset, to specify which affect in particular: 1) the number of changes, for which the asset;

2 the pace of economic and technical progress);

3) asset performance measured by the number of hours of work or the number of manufactured products or other appropriate measure;

4) a legal or other restrictions of the time use of the asset;

5) projected by the liquidation of the net selling price of the substantial remains of the asset.

3. On the date of receipt of the fixed asset to use a period should be fixed or the rate and method of its depreciation. The correctness of the applicable periods and rates of depreciation of fixed assets should be reviewed periodically by the enterprise, causing the appropriate correction made in the following financial years depreciation.


4. In the event of a change in production technology, intended for liquidation, the withdrawal from use or other causes resulting in the permanent loss of value of an asset, the weight of the other operating costs-the right of an impairment of its value.

5. the Copies referred to in paragraph 1. 4, about fixed assets whose valuation was updated on the basis of separate provisions, reduce related to capital (Fund) from revaluation differences caused by the revaluation. The possible surplus of a copy referred to in paragraph 1. 4, on the revaluation differences included in other operating expenses.

6. For fixed assets with low unit value determine the initial depreciation or umorzeniowe in a simplified way, by making bulk copies for groups of similar nature and purpose or one time writing off the value of such assets.

Article. 33. [Valuation of intangible] 1. For the valuation of intangibles, and ways of making them depreciation or umorzeniowych shall apply mutatis mutandis the provisions of article 4. 31 para. 2 and art. 32 paragraph 1. 1-4. 6.2. The cost of the completed development work carried out by the unit for their own use, incurred before production or technology, are classified as intangible assets if: 1) the product or technology are strictly determined, and on their development costs reliably;

2) technical suitability of product or technology has been established and appropriately documented and, on this basis, the unit has decided to manufacture these products or the use of technology;

3) development costs will be covered, according to the projections, revenues from the sales of these products or technology.

3. the costs referred to in paragraph 1. 2, write off for a period of economic usefulness of the results of the development work. If in exceptional cases cannot be reliably estimated period of economic usefulness of the results of the completed development work, is the period of making deductions may not exceed 5 years.

4. The value of the company represents the difference between the cost of the specified entity or its part and less than the fair value of the acquired net assets. If the purchase price of the unit or part thereof is less than the fair value of the net assets acquired, the difference is a negative value. Billing policies and writing off goodwill or negative goodwill the company specifies the article. paragraph 44B. 10-12.

Article. 34. [pricing] 1. Units can measure: 1) materials and goods-in purchase prices, 2) products in the course of production – of the direct costs of producing or only direct materials or do not measure them at all-if it does not distort the State of assets and the profit unit. The rules referred to in paragraph 2, shall not be used for the production of the estimated time of longer than 3 months, for sale or for fixed assets under construction units. However, this does not apply to agricultural production.

2. The components of the property, plant and equipment current assets can be at the date of acquisition or production recorded in the accounts in the prices adopted in the records, taking into account the differences between the prices and the actual prices of their acquisition or purchase, or costs of production. At the balance sheet date, value of the components of the property, plant and equipment current assets expressed in standard cost prices, brought to the level specified in paragraphs 1 and 2. 1 or article. 28 paragraph 1. 1 point 6. This does not apply to finished products, work in progress and semi-finished products, if their records are used, including planned costs, differences and between planned and actual costs of producing are negligible. Applied to the valuation at the balance sheet date, the purchase price or purchase or planned cost may not be higher than the net sales price of these components.

3. Produced by the videos, software, computers, common projects and other products of a similar nature, intended for sale, shall be measured in the period to bring economic benefits by not more than 5 years, in the amount of the excess of the cost of their manufacture of revenue net sales prices, obtained from selling these products during this time period. Nieodpisane after the end of that period the manufacturing costs increased other operating expenses.

4. in the case when the purchase price or purchase, or the cost of manufacturing identical or considered to be the same, due to the similarity of their nature and purpose are different, the value of the end state of tangible components of current assets are valued according to the adopted by the methods for the determination of the value of their retirement, including consumption, sale: 1) according to the prices of the average, it is a set of weighted average prices (costs) of the asset;

2) assuming that the issue of the asset are measured successively prices (costs) of these assets, which soon acquired the (developed);

3) assuming that retirement assets are measured successively prices (costs) of these assets that an entity has acquired the latest (manufactured);

4) by way of detailed identification of actual prices (costs) of these assets that apply to specific projects, irrespective of the date of their purchase or production.

5. Write-downs on tangible assets turnover made in connection with the loss of their values and resulting from the valuation according to the net sales price rather than according to purchase prices, or purchase or production costs-this includes other operating charges.

Article. 34A. [the determination of revenue] 1. Income from implementation of the work in progress of the service, including the construction covered by the contract, during the implementation period longer than 6 months, made at the balance sheet date, substantially, is determined at the balance sheet date, in proportion to the severity of service, if this degree, as well as the projected total cost of the implementation of the service for the entire duration of its implementation, can be determined reliably.

2. income from the implementation of the work in progress of the service, including construction, during the period from the date of the agreement to the balance sheet date is after deducting revenue that affected the financial results in recent reporting periods – shall be determined in proportion to the extent of its progress. Degree of service is measured depending on the adopted by the methods: 1) involving the costs incurred from the date of the agreement to determine the revenue in the total cost of the implementation of the service, 2) the number of hours worked by direct implementation of the service, 3) on the basis of the measurement of the work carried out, 4) another method-if to express in a credible degree of service.

3. Where the contract for the service, including construction, provides that the price for this service shall be fixed: 1) in costs plus a mark-up for profit – income from implementation of the unfinished services shall be the costs corresponding to the completed portion of the service, plus a mark-up for profit;

2) in the amount of the lump sum – this revenue from implementation of the unfinished services shall be determined in proportion to the stage of the implementation of the service, unless the degree of service at the balance sheet date can be determined reliably.

4. If the degree of progress of the work in progress of the service, including construction, or expected, the total cost of its implementation cannot be reliably determined at the balance sheet date, the revenue shall be incurred during the reporting period the cost, not higher, however, than the cost of that coverage in the future by the ordering party is likely.

5. Regardless of the applied method of determining income on the profit unit will affect the expected losses related to the implementation of the service covered by the contract.

Article. 34B. [cost] 1. The manufacturing costs that are directly attributable to the returns achieved by the enterprise, affect the financial result for the reporting period in which this revenue occurred.

2. the costs of manufacture, which may be only indirectly attributable to incomes or other benefit achieved by the enterprise, affect the financial result of the entity in which the particular reporting period, providing match them to revenue or other economic benefits.

Article. 34. [incomplete] 1. The cost of manufacturing services, including work in progress, include costs incurred from the date of the conclusion of an appropriate agreement to the balance sheet date. Costs incurred prior to the conclusion of the agreement relating to the implementation of the subject matter, are classified as assets, if you cover those costs in the future revenue from the customer is likely.


2. If proceeds are determined according to the severity of the work in progress the service in a manner other than specified in article 2. 34A paragraph. 2, paragraph 1, are affecting the financial result is fixed in that part of the total cost of the agreement, what corresponds to the degree of advancement services, after deduction of the costs that have affected financial results in previous reporting periods, taking into account the losses referred to in art. 34A paragraph. 5. The difference between the costs actually incurred and costs that affect the financial result of the units included in accruals.

3. Correctness of the adopted methods for the determination of the severity of the service, as well as the anticipated total costs and revenues from the operation of the service, should be by the body, not later than at the balance sheet date, verified. Due to the verification of the correction will affect the financial result of the units of the reporting period in which a verification.

Article. 34 d. [provisions] the provisions of article 4. 34A and 34 c, you can not use, if the share of revenue from the outstanding services at the balance sheet date is not relevant in all the operating revenue of the reporting period.

Article. 35. [allowances] 1. Acquired or arising from financial assets and other investments are recognised in the accounts at the date of their acquisition or creation, according to the purchase price or the purchase price, if the cost of carrying out the settlement and are not relevant.

2. Copy of expressing the permanent loss of the value of the investment in the fixed assets shall be made no later than the end of the reporting period.

3. The effects of an increase or a reduction of the value of the short-term investments are priced according to the price (value) market include up to revenue or financial costs. In the case of the use of other than those referred to in art. 28 paragraph 1. 1 paragraph 5 of the rules for the valuation of short-term investment, the effects of the reduction in their value are classified as financial costs in full, while the effects of the rise in their value included in financial income in the amount of not more than the amount of the differences previously written-off in the financial costs.

4. The effects of revaluation of investments in assets other than those referred to in article 1. 28 paragraph 1. 1, paragraph 1a, resulting in an increase in their value to the level of market prices, increase capital (Fund) from revaluation. Reduction in value of investments previously revalued amount up to the amount by which the increased of capital (Fund) from revaluation, if the revaluation was not the amount of the difference to the valuation date settled, reduces the capital (Fund). In other cases, the effects of a reduction in the value of investments classified as financial expenses. The increase in value of the investment directly involving a prior reduction in its value, passing to the financial costs, are recognised to amount of these costs as finance income.

5. If the value of the disposed of investment bears to assets was previously revalued or valued in price (value), or in the purchase price, depending on which of them was lower, and the effects of such a valuation is entered in the manner referred to in paragraph 1. 4, is a revaluation surplus shall be determined and accounted for with the capital (Fund) from revaluation.

6. investments in fixed assets on the day their retraining to short-term investments are measured: 1) in the book value or the purchase price, whichever is lower, if short-term investments shall be valued at fair market value or the purchase price, whichever is the lower;

2) at its book value – if the short-term investments are valued at market value.

If the przekwalifikowana long term investment was an overestimate, and the effects of revaluations are included in the capital (Fund) from revaluation, is outstanding on the day of retraining surplus from revaluation of long-term investments include the costs or revenues.

7. Short-term investments on the day their retraining to long-term investments shall be valued according to the rules referred to in paragraph 1. 6, except that if the short-term investment was valued at the market value, this despite its retraining valuation remains without changes.

8. If the purchase price of the same or are considered the same, due to the similarity of the type and purpose, the investment components are different, it's their issue shall be measured according to the method selected by the unit out of the methods referred to in article 1. 34 para. Article 4, points 1-3.

Article. 35A. [financial instruments] 1. On the day of conclusion of the contract, the issuer or the issuer of the financial instrument to the accounts issued or issued by each instrument, as well as components of the instrument, duly qualified for the capital (funds) own as equity instruments or to current liabilities or long-term, even when a component with the nature of the obligation is not a financial commitment.

2. Differences from revaluation of the value of a financial instrument, as well as revenues or expenses according to the qualification of the financial instrument referred to in paragraph 1. 1, affect the profit or capital (Fund) from revaluation.

3. Contracts for financial instruments is considered to reduce the risk associated with assets or liabilities of the unit, IE. securing these assets or liabilities, if at least: 1) before conclusion of a contract it was found his target and specify that assets or liabilities to be using this contract secured;

2) financial instrument contract which is the subject of security and secured with assets or liabilities are characterised by similar features, and in particular the nominal value, the maturity date, the influence of changes in the interest rate or the exchange rate;

3) the degree of certainty of expectations about the anticipated as a result of the contract cash flow is significant.

4. where the conditions referred to in paragraph 1. 3, have been complied with, it is the valuation of secured assets or liabilities shall take into account the value of the acquired for their security in financial instruments and to change their values.

Article. 35B. [Making impairment] 1. The value of receivables is updated taking into account the probability of their pay by making impairment, in relation to: 1) [9] receivables from debtors placed in liquidation or in bankruptcy and in relation to which it has been opened to reorganisation proceedings or was filed an application for approval of the procedure for the approval of the agreement, up to the amount of duties not covered by the guarantee or other collateral duties, notified the liquidator or to the judge-Commissioner in insolvency proceedings or in the inventory restructuring claims;

2) [10] receivables from debtors in the case of the dismissal of the application for a declaration of bankruptcy, if the debtor is not enough or only enough to cover the costs of the insolvency proceedings-the full amount of the debt;

3) claims contested by the debtors and from which the payment of the debtor is in arrears, and according to the assessment of the financial situation of the debtor and repayment of liabilities in notional amount is not likely – to the amount uncovered guarantee or other collateral claims;

4) claims constituting the equivalent amounts of booster charges, which previously was made of an impairment-of these amounts, by the time you receive them or writing off;

5) receivables overdue or severely nieprzeterminowanych the probability of default, in justified cases the nature of the business or the structure of the audience – reliably estimated the amount of copy, including a general, on bad debts.

2. Impairment of trade receivables are classified as up to the other operating costs or financial costs – depending on the type of receivables, which applies to a copy of the update.

3. Receivables written off, barred or uncollectible impairment losses previously made to reduce their value.

4. Royalties referred to in paragraph 1. 3, from which there was impairment of their value or was made in respect of multiple, includes up to other operating costs or financial costs.

Article. 35 c [termination of the cause to make a copy of the] in the case of termination of the reasons for the impairment value of assets, including a copy of the permanent loss of value, the equivalent of all or the relevant part of the previously made impairment increases the value of the asset and is subject to completion according to the other operating income or financial income.

Article. 35 d. [provisions for liabilities] 1. Reserve a: 1) some or to a large extent, the likelihood of future liabilities, which amount can be reliably estimated and, in particular, the loss of economic transactions in progress, including in respect of guarantees, warranties, credit operations, the effects of the ongoing legal proceedings;


2) future liabilities due to the restructuring, if on the basis of separate provisions, an entity is required to carry it out, or in this case, binding contracts, and restructuring plans allow you to reliably estimate the value of those future liabilities.

2. the Provisions referred to in paragraph 1. 1, includes up to other operating costs, financial costs or extraordinary losses, depending on the circumstances, with which future commitments to bind.

3. the establishment of the undertaking, which previously created a reserve, reduces the reserve.

4. Unused provisions, to the reduction or termination of risk to justify their creation, increase per day, which turned out to be unnecessary, the other operating income, financial income or windfall gains.

Article. 36. [Reserves (funds)] 1. Other reserves (funds) own are recognised in the accounts according to their types and according to the rules provided for by law, the provisions of the statute or the contract for the formation of the unit.

2. Share capital capital companies, mutual societies, reinsurance mutual fund share cooperative shall be the amount specified in the contract or the Statute and entered in the Court Register. Declared but unpaid capital contributions are recognised as capital contributions payable.

2A. (repealed).

2B. the costs of share issues incurred when the public limited-liability company or to increase share capital decrease capital company to the amount of excess emissions over the nominal value of shares, and the remaining part belongs to the financial costs.

2 c. other reserves (funds) own arising from conversion of debt securities, liabilities and loans into shares the nominal value of the securities, liabilities and loans, taking into account the niezamortyzowanego discount or premium, interest accrued and unpaid to replace, which will not be paid, unrealised exchange rate differences and capitalized costs. If debt securities, liabilities and loans are denominated in a foreign currency, the conversion day shall apply to them the provisions of art. 30.2d. [11] to the obligations unconditionally decommitted as a result of reorganisation proceedings the provision of paragraph 1. 2 c shall apply mutatis mutandis.

2E. in the event of becoming aware of the resolution of the shareholders of a limited liability company defining the term and aid, the equivalent of subsidies are recognised in the balance sheet liability item separately (reserve with the aid of shareholders) and is reported as a component of equity capital for as long as this is not used in such a way as to justify the write-off; enacted, but unpaid payments shall be shown in the additional own capital position "due to surcharges on the reserve (negative value)".

3. Components of capital (Fund) of their own units placed in liquidation or bankruptcy, you must, on the day of commencement of liquidation or bankruptcy proceedings, to connect in one capital (Fund) base, reducing it: 1) (repealed);

2) in limited liability companies, mutual insurance companies and reinsurance companies mutual – own shares;

3) public limited liability companies is due to the contributions of capital, unless called to their lodging, and share your own.

4. [12] the provision of paragraph 1. 3 can be used by the units concerned the restructuring.

Article. 36A. [Disposal and redemption of own shares] 1. In the event of the disposal of own shares, the positive difference between the selling price less costs to sell, and their purchase price, reference should be made to the capital reserve. A negative difference should be recognised as a reduction of capital reserve and the rest of the negative difference in excess of the capital reserve, as a loss from previous years and described in the notes to the financial statements for the year in which the sale occurred.

2. in the case of redemption of own shares, the positive difference between their nominal value and the purchase price, reference should be made to the capital reserve. A negative difference should be recognised as a reduction of capital reserve and the rest of the negative difference in excess of the capital reserve, as a loss from previous years and described in the notes to the financial statements for the year in which the reduction of the share capital.

3. the provisions of paragraphs 1 and 2. 1 and 2 shall apply to own shares of a limited liability company, with the exception of the redemption of shares without reducing the share capital. In the case of redemption of own shares acquired by way of execution, without reducing the share capital, the value of own shares at cost should be recognised as a reduction of the reserve created to their redemption.

Article. 37. [Reserve] 1. In connection with the temporary differences between the shown in the accounts of the value of assets and liabilities and their tax base and tax loss possible to deduct in future, unit recognises a and determines deferred tax assets income, which is taxable.

2. The tax base of the asset is the amount affecting the reduction calculation basis income tax in the event of them, directly or indirectly, the economic benefits. If the economic benefits arising from certain assets does not result in reduction of the basis for the calculation of income tax, the tax base of the asset is their book value.

3. The tax base of a liability is their book value less the amount which in the future will detract from the income tax base.

4. deferred tax assets shall be determined in the amount provided for in the future, to deduct from the income tax, in connection with negative temporary differences that will result in the future to reduce the calculation basis income tax and tax loss possible to deduct, as established, taking into account the precautionary principle.

5. Provision of deferred tax is formed in the amount of income tax that requires payment in the future, in connection with the occurrence of taxable temporary differences, it is the differences, which will increase the base the calculation of income tax in the future.

6. the amount of the reserves and deferred tax assets shall be determined taking into account the income tax rates applicable in the year of the tax obligation.

7. Reserve and deferred tax assets are recognised in the balance sheet separately. Reserve and assets can be offset if the entity has a title that entitles it to simultaneously take into account in calculating the amount of tax liability.

8. To affect the financial result, income taxes for the reporting period includes: 1) part of the current;

2) part of the deferred.

Reported in the profit and loss part of the deferred is the difference between the State of reserves and deferred tax assets at the end of and the beginning of the reporting period, taking into account the provisions of paragraph 1. 9.9. Reserves and deferred tax assets, relating to operations cleared with a capital (Fund), also refers to the capital (Fund).

10. Units for the previous financial year did not exceed at least two of the following three volumes: 1) $17 000 000, in the case of the total assets of the balance sheet at the end of the fiscal year, 2) $34 000 000 in the case of net revenue from the sale of goods and products for the year, 3) 50 people – in the case of annual average employment per FTE-may waive the determination of assets and of deferred income tax.

11. The provisions of paragraph 1. 10 do not apply to the entities referred to in article 1. 3 paragraphs 1 and 2. 1E point 1-6.

Article. 38. [the technical provisions-insurance] 1. Insurance include operating costs status changes insurance technical reserves, which should provide full coverage of current and future obligations that may result from the contracts of insurance and reinsurance contracts.

1a. Reinsurance include the operating costs status changes insurance technical reserves, which should provide full coverage of current and future obligations that may result from reinsurance contracts.

2. Technical provisions-insurance, with the exception of the equalisation reserves shall be determined no later than at the balance sheet date. The Equalization reserve shall be established not later than on the day, ending the fiscal year.

Article. 39. [accrued costs] 1. The units carry out active accruals costs if they relate to future reporting periods.

2. The unit shall make passive accruals costs in the amount of probable liabilities for the current reporting period, resulting in particular: 1) benefits made on behalf of an entity by the contractors of the unit, and the amount of the obligation can be estimated reliably.


2) from the obligation to perform the related current activities, future employee benefits, including retirement benefits, as well as future benefits to unknown persons, where the amount can be estimated reliably, even though the date of the commitment is not yet known, including warranty and the warranty for products sold long-term use.

Liability recognised as deferred income and the rules for determining their amount should result from a recognized usage of trade.

2A. The obligations referred to in paragraph 1. 2, paragraph 2, shall be shown in the balance sheet as provisions for liabilities.

3. Copies of the active and passive accruals costs may occur pursuant to the passage of time or the amount of benefits. When and how the settlement should be justified by the nature of the billable costs, subject to the precautionary principle.

4. If, in accordance with the contract value of the obtained financial assets is less than the liability to pay for them, including the title issued by a unit of securities, the difference is the effective settlement of interim costs to write off in financial costs in equal instalments over the period for which commitment.

5. Liability recognised as deferred income reduce the cost reporting period in which it was found that these obligations were not.

Article. 40. (repealed).

Article. 41. [accrued income] 1. Accrued income, made with the behavior of the precautionary principle, shall include, in particular: 1) equivalent received or receivable from counterparties of funds from the benefits that will come in subsequent reporting periods;

2) cash receipts to finance the acquisition or production of fixed assets, including fixed assets under construction and development work, if pursuant to other acts do not increase capital (funds). Included in accrued income amounts increase gradually other operating income, in parallel to the depreciation or umorzeniowych of fixed assets or development costs financed from these sources;

3) negative goodwill, referred to in article 1. 33 para. 4 and art. paragraph 44B. 11.2. The provision of paragraph 1. 1 paragraph 2 shall apply mutatis mutandis to the accepted free of charge, including by way of donation, fixed assets under construction, fixed assets and intangible assets.

3. Banks Show as accrued income also owed them interest on debts threatened – by the time you receive them or writing off.

Article. 42. [net result] 1. In units other than banks, insurance and reinsurance undertakings on the net financial result consists of: 1) the result of operating activities, including other operating revenue and expenses;

2) result on financial operations;

3) (repealed);

4) mandatory financial burden from income tax which a taxable person is an entity, and payment of it destroyed, on the basis of separate provisions.

2. the result of the operations is the difference between net revenues from the sale of products, goods and materials, including subsidies, discounts, rebates and other increases or decreases without goods and services tax and other taxes directly related to turnover and other operating revenues, and the value of products sold, goods and materials measured in the cost of manufacture or purchase prices, or purchase, plus all incurred since the beginning of the financial year, the overheads , the sale of products, goods and materials and other operating costs.

3. the result on financial operations is the difference between financial revenues, in particular from dividends (profit), interest, profits from the sale, and update the value of the investment other than those mentioned in article 2. 28 paragraph 1. 1, paragraph 1a, the surplus of positive exchange differences on the negative, and financial costs, in particular, interest, losses on the sale of and update the value of the investment other than those mentioned in article 2. 28 paragraph 1. 1, paragraph 1a, the excess of negative exchange rate differences on the positive, excluding interest, Commission, positive and negative exchange rate differences, referred to in article 1. 28 paragraph 1. 4 and paragraphs 1 and 2. 8, paragraph 2.

4. (repealed).

Article. 43. [net result in banks] 1. In the banks on the net financial result consists of: 1) underwriting (including banking);

2) the result of the operation of emergency;

3) mandatory financial burden from income tax which a taxable person is an entity, and payment of it destroyed, on the basis of separate provisions.

2. the result of the banking business include: net interest income, fees, income from shares and other securities, the result on financial operations, the result of the replacement position.

3. the result of operating activities includes the result of the banking business, corrected for the difference between other operating revenues and other operating costs, operating costs of the Bank, the depreciation of fixed assets and intangible assets, the result of the update.

4. The result of the operation of emergency is the difference between extraordinary profits and extraordinary losses.

Article. 44. [net result in the insurance companies] 1. In insurance and reinsurance in the net financial result consists of: 1) the result of the technical insurance;

2) the difference between the revenues and costs investment income niezaliczana to the result of the technical insurance;

3) the difference between the other revenue and other costs;

4) the result of the operation of emergency;

5) mandatory financial burden from income tax which a taxable person is an entity, and payment with him destroyed on the basis of separate provisions.

2. technical Result insurance represents the difference between the revenue from premiums, other technical income and paid compensation, benefits and changes in technical provisions of insurance, including reinsurance balance premiums, claims and status changes insurance technical reserves, and the cost of the business of insurance and other costs. Where: 1) investment income are designed in accordance with special provisions to increase reserves, 2) an insurance undertaking established in the Department of life insurance or a reinsurance undertaking conducting reinsurance business in respect of reinsurance of life insurance are investing a total of own funds and measures which cover the insurance technical reserves – income and expenses charges shall be shown in the technical account.

3. The difference between other revenues and other expenses consists of, in particular, the difference between: 1) other financial gain and other financial costs;

2) other operating revenues and other operating costs;

3) revenues and costs in respect of the Commissioner's duty.

4. extraordinary profit shall apply the provision of article. 43 paragraph 1. 4. Chapter 4a merger Article. 44a. [the day of the merger] 1. Connect to commercial companies, hereinafter referred to as "companies", accounted for and presented on the day of the call in the accounts of the company, which passes the assets of the merging companies (acquiring company) or a new company formed by the merger of (the company's newly established) is a method of acquisition referred to in article 1. 44B, subject to paragraph 2. 2.2. In the event of a merger, as a result of which there is a loss of control over them by their existing shareholders, you can apply the pooling of interests method referred to in article 1. 44 c; in particular, this applies to mergers of subsidiaries directly or indirectly from the same parent, as well as where the parent downstream of its subsidiary.

3. the day of the merger shall be day type connection to the registry of the competent for the registered office of the acquiring company, respectively, or the company's newly established.

Article. 44B. [settlement of acquisition method connection] 1. The settlement of connection method of acquisition is adding up the individual items of assets and liabilities of the acquiring company, according to their book values, with the relevant assets and liabilities of the acquired company, at their fair value at the date of their connection.

2. The assets and liabilities of the company acquired on the day of the call also include assets or liabilities niewykazywane so far in the accounts and financial statements of the company acquired, if as a result of the merger, followed by their disclosure and they correspond to the definition of assets and liabilities.

3. Capital (Fund) your own company acquired fixed day calls as net assets at fair value is excluded.

4. The fair value of certain assets or liabilities assumed in particular in the case of: 1) listed securities-current exchange rate quotations minus the cost of sales;


2) unlisted securities estimated value, taking into account factors such as the ratio of price to earnings and dividend yields comparable securities issued by companies with similar characteristics;

3) Receivables – present value (discounted) demanding payment, fixed at the appropriate current interest rates, less depreciation on trade receivables risk and bad and any costs of recovery. Determination of current values (discounted) in respect of short-term receivables is not necessary if the difference between the value of the receivables by the amounts that require payment and according to their discounted value is not important;

4) stocks of finished products and goods, net selling price less the costs arising from the profit margin opust bring by the acquiring company to sell an item or find a buyer;

5) stocks of products in progress-net selling price of the finished product less the costs of completion and the resulting profit margin opust costs brought by the acquiring company stock for sale or find a buyer;

6) the inventory of materials – the current price of acquisition;

7) tangible assets-fair market value or its value by an independent valuation. Where it is not possible to get an independent valuation of fixed assets-current acquisition price or production cost, taking into account the current level of consumption;

8) intangible assets-estimated value, determined based on the market price for the same or similar intangible assets, and in respect of goodwill or negative goodwill goodwill is included in the balance sheet of the company acquired is null. In the case when the value of the estimated may not be determined on the basis of market prices, it is assumed to have the value that does not create or increase negative goodwill as a result of the merger;

9) liabilities – present value (discounted) demanding payment, fixed at the appropriate current interest rates. Determination of current values (discounted) in relation to current liabilities is not necessary if the difference between the value of the liabilities amounts requiring payment and according to their discounted value is not important;

10) reserves or assets deferred income tax – value possible for the combined companies, after taking into account changes in the value of tax and accounting net assets of the acquired company.

5. By the price of the acquisition is to be understood in the case of: 1) when, in order to connect the company it seems (emits) shares – the market price of such shares or otherwise established their fair value, if it is not known for their market price. In this case the excess of the market value of the shares or otherwise established their fair value are allocated to the capital reserve. The market price of issued (issued) shares shall be the date on which all the material terms of a connection, including the relationship of exchangeable shares, have been announced. If the market price in that period subject to substantial changes, then the market price, you can take the average of the market prices of the month before and the month following the date of the notice of all the relevant conditions;

2) the acquisition of its own shares in order to connect – the purchase price of its own shares;

3) the acquisition of shares of the company being acquired-the purchase price of these shares;

4) when, in order to connect the company shall pay in a different form than the one specified in the paragraph 1 – 3 – the fair value of the item;

5) when, in order to connect the company shall pay in a variety of forms – the sum of the values referred to in paragraphs 1 to 4.

6. The excess of the cost of acquisition, as referred to in paragraph 2. 5, over the fair value of the net assets of the company acquired is recognized in the assets of a company, to which he linked assets of companies or company resulting from the merger, as the value of the company.

7. in the case when the connection is the result of several consecutive transactions, the cost of the acquisition, the fair value of the net assets of the company acquired as a percentage reflecting the percentage of acquired rights to the net assets and the difference cost fair value net assets of the company acquired is determined separately on the day of any material transaction, assuming that the first significant transaction was carried out not later than on the day of uprising against subordination between the acquiring company and acquired company. The final cost of the acquisition, the fair value of the net assets of the company acquired and the difference cost of acquisition over the fair value of the net assets of the company acquired at the date connection is the sum of the appropriate size of each relevant transactions.

8. The carrying amount of assets and liabilities determined on the day the connection is corrected in subsequent reporting periods, if as a result of these events, or the information obtained to determine the fair value on the day of the call was wrong. In such cases, you must make a corresponding adjustment to goodwill or negative goodwill, provided that the unit provides recovery of value resulting from the adjustment of future economic benefits and this is made in the course of the fiscal year in which the connection. Otherwise the adjustment includes up to other revenue or operating costs.

9. in the case when the conditions of the connection as a result of the takeover price correction could assume the existence of certain events in the future, the correction of such shall be taken into account in determining the cost of acquisition at the date of connection, if an instance of the event in the future causing price adjustment is probable and the amount of the price adjustment can be determined reliably. Where, in the subsequent reporting periods there are events arising out of the change in the price of acquisition or the actual price change will differ from estimates, then you must make a corresponding adjustment to cost of acquisition and goodwill or negative goodwill.

10. The value of business entity makes the depreciation for a period its economic usefulness. If it is not possible to reliably estimate the period of economic usefulness, it is a period of making depreciation of goodwill may not be longer than 5 years depreciation is made on a straight-line basis and include them to other operating charges.

11. Subject to paragraph 2. 12, the excess of the fair value of the net assets of the company acquired over the price of the acquisition, that is, negative goodwill, not exceeding the fair values of the acquired assets, with the exception of long-term financial assets traded on the regulated markets, the unit includes the accrued revenue for a period which is a weighted average period of economic usefulness of acquired and subject to depreciation of the assets. Negative goodwill in excess of the fair value of the assets, with the exception of long-term financial assets traded on the regulated markets, is one of the revenue on the day of the call.

12. Negative goodwill write off in other operating income to the extent that the applicable estimated reliably future losses and expenses, set by the acquiring company on the day of the call, but not the obligation, referred to in paragraph 1. 2. A copy of this is made in the reporting period in which the losses and costs affect the financial result. If the loss and these costs were not incurred in the previously anticipated reporting periods, concerning their negative goodwill write off in the manner referred to in paragraph 1. 11.13. In the balance sheet of the combined companies exempted mutual entitlements and obligations, and other accounts payable of a similar nature.

14. Where, as a result of the connection of a new company, you turn to the profit and loss account for the year in which the connection is subject to income and expenses and profits and losses of the company acquired and the acquiring company from the date of connection. Where, as a result of the connection to the acquiring company passed the assets of the company being acquired, you turn to the profit and loss account for the year in which the connection is subject to income and expenses and profits and losses of the company acquired from the date of connection and the acquiring company from the beginning of the fiscal year. In the case where before the connection the merging companies remained in a relationship of subordination, the net gain or loss of the company being acquired, achieved before the connection, in the appropriate percentage, fixed as a percentage of the assets controlled by the acquiring company in the period before the connection of the net assets of the acquired company, the equity capital of the acquiring company, the company resulting from the merger, including the write-down of goodwill or negative goodwill for the period from the date of the creation of a relationship of subordination to the connection.


15. The costs incurred directly in connection with the combination of increasing the price of acquisition. The organisational costs incurred by assuming new joint-stock company or costs increase the share capital in connection to reduce the capital of the acquiring company or the company resulting from the merger, to the amount of the surplus value of the issue over the nominal value of shares, and the remaining part belongs to the financial costs.

16. Financial statements at the end of the reporting period, during which occurred the connection should include comparative data for the previous financial year. Comparative figures for the previous financial year are the data from the financial statements of the acquiring company.

Article. 44 c [Shot in the accounts of the connection] 1. Connecting method of a uniting of interests is adding up the individual items of the relevant assets and liabilities and income and expenses connected companies, as of the day the connection, after bringing their values to the uniform valuation methods and the exemptions referred to in paragraph 1. 2 and 3.

2. the Exemption shall be subject to the value of the share capital of the company, whose assets has been transferred to another company or companies, which as a result of the connections are deleted from the register. After the exclusion of the equity capital of the company, which is undergoing the estate connected companies or newly formed company shall be adjusted by the difference between the sum of the assets and liabilities.

3. the Exemption shall also: 1) mutual and other assets and liabilities accounts payable of a similar nature of the merging companies;

2) income and expenses of business transactions made in the financial year prior to the merger between the merging companies;

3) profit or loss business transactions made before the connection between the merging companies, included in the values subject to pooling of assets and liabilities.

4. you can not make the exemptions referred to in paragraph 1. 3 point 2 and 3, if this will not affect the accuracy and clarity of financial statements of the company for which passes the estate connected companies or newly formed companies.

5. Costs incurred in connection with the merger, including costs of the organisation incurred under the assumption of a new company or the cost of capital of the company, which passes the assets of the merging companies, these include the financial costs.

6. The financial statements of the company for which passes the estate connected companies or newly formed companies, drawn up at the end of the reporting period, during which the connection, provides comparative data for the previous financial year, referred to in such a way as if the connection took place at the beginning of the previous fiscal year, except that the individual components of equity at the end of the previous year should be shown as the sum of the individual components of equity.

Article. 44d. [the correct application of the provisions of] the provisions of art. 44A-44 c shall apply mutatis mutandis in the case of acquisition by the organized part of another unit, including in the event of distribution companies.



Chapter 5 Financial Statements Art. 45. [the term report and its contents] 1. The financial statements shall be drawn up on the day of closing of the accounts referred to in article 2. 12 paragraph 1. 2, and to a different reporting date, using as appropriate, subject to the provisions of paragraph 2. 1A and 1b, the rules for the valuation of assets and liabilities and the determination of profit, as defined in Chapter 4.

1a. The financial statements of issuers of securities admitted, issuers wishing to apply for or applying for their admission to trading on regulated markets one of the countries of the European economic area may be prepared in accordance with IAS.

1B. The financial statements of entities within the group, in which the parent undertaking draw up consolidated accounts in accordance with IAS, it can be prepared in accordance with IAS.

1 c. Decision on the preparation of financial statements in accordance with IAS by individuals, referred to in paragraph 1. 1A and 1b, take the approval authority.

1 d. the approving authority may take a decision on the cessation of the application of IAS for financial statements by individuals in the event of cessation of the circumstances referred to in paragraph 1. 1A and 1b.

1E. The financial statements of the foreign entrepreneur branches can be prepared in accordance with IAS, if this company prepares financial statements in accordance with IAS.

2. Financial statements consists of: 1) balance sheet;

2) profit and loss account;

3) notes, including an introduction to financial statements and additional information and explanations.

3. The financial statements of entities referred to in article 1. 64 paragraph 1. 1, subject to an annual surveillance test, include a statement in changes in capital 2005 (the Fund), and, in the case of investment funds-statement of changes in net assets, and cash flow statement, subject to paragraph 2. 3A 3a. The financial statements of the Fund open and accounts specialist open investment fund does not include the cash flow statement.

4. the annual accounts shall be accompanied by a report on the activities of the entity, if an obligation to draw up results from the law or rules.

5. The financial statements and the report on the activities of the unit shall be drawn up in the language of the Polish and the Polish currency. The figures can be rounded to the nearest thousand, if it does not distort the image of the Unit contained in the financial statements and in the report.

6. Financial statements and activity reports of the issuers of securities admitted, issuers wishing to apply for or applying for their admission to trading on regulated markets one of the countries of the European economic area shall be drawn up on the basis of the provisions of the Act, taking into account the provisions of securities.

Article. 46. [balance sheet] 1. The balance sheet shows the United States assets and liabilities at the day of ending the current and the previous financial year.

1a. in the case of the preparation of the balance sheet to a different reporting date than referred to in paragraph 1. 1, in the balance sheet shows the assets and liabilities of the States on this day and on the day, ending the fiscal year immediately preceding the balance-sheet date.

2. Demonstrated in the assets of the balance sheet, subject to paragraphs 2 and 3. 2A, the value of individual groups of assets arises from their book values, adjusted by: 1) previously made depreciation or umorzeniowe and impairment, including permanent impairment of assets;

2) write-downs of tangible assets;

3) impairment of trade receivables.

2A. Financial assets and financial liabilities are reported in the balance sheet at net after compensation, if you unit has the unconditional right to compensation of the kind of assets and liabilities and intends to settle on a net basis or simultaneously issue a financial asset and financial liability settled.

3. If in accordance with separate regulations in the course of the year are made copies of the profit of the current financial year, it must be reported with a negative sign in the separate liability item ' capital (Fund), "under the heading" depreciation, net profits during the financial year (negative value) ".

4. social benefit fund's share and other funds created on the basis of separate provisions, failed to capital (funds) own, shall be shown in the balance sheet liabilities group liabilities as special funds.

5. The balance sheet shall contain information to the extent determined: 1) for entities other than banks, insurance and reinsurance undertakings, in annex 1 to this Act;

2) for banks – in annex 2 to this Act;

3) for insurance and reinsurance-in annex 3 to this Act;

4) for micro units producing a simplified balance sheet – annex 4 to this Act;

5) for small units producing a simplified balance sheet – annex # 5 to the Act.

Article. 47. [profit and loss account] 1. In the profit and loss account shall be shown separately revenues, costs, profits and losses and compulsory as a result of the current financial burden and the previous financial year.

2. in the case of the preparation of the profit and loss account for another reporting period than referred to in paragraph 1. 1, in the profit and loss account shall be shown separately revenues, costs, profits and losses and compulsory financial load for the current reporting period and the corresponding reporting period for the preceding financial year.

3. in the case when the unit provides the cessation of a specified range of activities affecting the revenue and the cost of future reporting periods, while maintaining the principle of continuation-the correct income and expenses associated with it should be shown separately from the revenue and the cost of continuing operations.


3A. Established in the profit and loss account the difference between the revenues and costs of the micro units referred to in article 1. 3 paragraphs 1 and 2. 1A, paragraph 2, increases-after approval of the annual financial statements – income or expense in the next fiscal year; a positive difference can be offset against the increase of capital (Fund).

4. Profit and loss account shall contain information in the extent determined: 1) for entities other than banks, insurance and reinsurance undertakings, in annex 1 to this Act, in spreadsheet or, depending on the choice made by the head of the unit;

2) for banks – in annex 2 to this Act;

3) for insurance and reinsurance-in annex 3 to this Act;

4) for micro units producing simplified profit and loss account – in annex 4 to this Act;

5) for small units producing simplified profit and loss account – in annex 5 to this Act, in spreadsheet or, depending on the choice made by the head of the unit.

Article. 48. [note] 1. The notes should include important information and explanations necessary to make financial statements correspond to the conditions laid down in art. 4 paragraph 1. 1, and, in particular, include: 1) introduction to financial statements which describes the accepted rules of accounting policies, including the valuation methods and preparation of the financial statements to the extent that the Act leaves the unit the right to choose, and the presentation of the causes and effects of their possible changes in relation to the preceding year;

2) additional information and explanations: a) to the items in the balance sheet, the profit and loss account, statement of changes in equity capital (Fund) own and cash flow statement for the reporting periods covered by the financial statements, (b)) the proposed profit distribution or loss coverage, c) basic information about workforce and authorities unit, d) other relevant information for understanding the financial statements.

2. scope of the notes, drawn up by bodies other than banks, insurance and reinsurance undertakings, set out in the annex No. 1 to act.

3. the micro can not make out the notes referred to in paragraph 1. 1, provided that the present supplementary information to the balance sheet set out in annex 4 to this Act.

4. scope of the notes for the small units producing a simplified disclosures set out in the annex 5 to the Act. A small unit that does not draw up simplified the notes, the notes shall be made to the extent of not less than specified in annex 5 to this Act.

Article. 48A. [statement of changes in capital (Fund) own] 1. Statement of changes in capital (Fund) own includes information about changes to the individual components of the capital (Fund) of their own for the current and previous financial year referred to: 1) for entities other than banks, insurance and reinsurance undertakings, in annex 1 to this Act;

2) for banks – in annex 2 to this Act;

3) for insurance and reinsurance-in annex 3 to this Act.

2. in the case of the preparation of the statement of changes in equity capital (Fund) its own for another reporting period than referred to in paragraph 1. 1, in the statement of changes in equity capital (Fund) their own shows to change the individual items in the capital (Fund) of their own for the current reporting period and the previous financial year.

3. the micro can not make the statement of changes in equity capital (Fund), referred to in paragraph 1. 1.4. A small unit may not make the statement of changes in equity capital (Fund), referred to in paragraph 1. 1. Article. 48B. [cash flow] 1. Cash flow statement drawn up by the direct or indirect, depending on the choice made by the head of the unit, has data for the current and previous financial year, including information on fixed: 1) for entities other than banks, insurance and reinsurance undertakings, in annex 1 to this Act;

2) for banks – in annex 2 to this Act;

3) for insurance and reinsurance-in annex 3 to this Act.

2. in the case of the preparation of the cash flow statement for another reporting period than referred to in paragraph 1. 1, the cash flow statement is drawn up for the current reporting period and the same reporting period for the preceding financial year.

3. In the cash flow statement should include all revenue and expenditure from operating, investing and financing activities of the unit, with the exception of the revenue and expenditure resulting from the purchase or sale of cash, in order to determine the value of the cash flows: 1) by operating activities means the primary type of business units and other activities included investing activities (charges) or;

2) by investment activities (as) means acquisition or disposal of assets and short-term financial assets and all related cash costs and benefits;

3) by financing activities means the acquisition or loss of sources of financing [changes in size and relationship capital (Fund) and in unit] and all related cash costs and benefits.

4. the micro can not prepare a cash flow statement, referred to in paragraph 1. 1.5. A small unit may not make the cash flow statement, referred to in paragraph 1. 1. Article. 49. [report on the activities of the entity] 1. In the case of capital companies, companies limited partnerships, mutual societies, the reinsurance mutual, cooperatives, State-owned enterprises, as well as those of partnerships and limited partnerships, where all members having unlimited liability are companies, public limited liability partnership limited by shares company or companies of other States with similar to these companies the legal form, head of unit shall draw up, together with the annual financial statements, the report on the activities of the unit.

2. Report on the activities of the entity should include relevant information about the State of the property and the financial situation, including an assessment of the resulting effects, and an indication of the risk factors and risk description, in particular information on: 1) events significantly affecting the activities of the unit, that occurred during the financial year, as well as when it is finished, to the date of approval of the financial statements;

2) expected development unit;

3) the major achievements in the field of research and development;

4) current and projected financial situation;

5) own shares, including: a) reason for acquisition of own shares in the fiscal year, (b)) the number and nominal value of acquired and disposed of during the financial year, of shares or, in the absence of a nominal value, their accountable par, as well as parts of the capital, which these shares represent, c) in the case of acquisition or disposal for consideration – the equivalent of those interests, d) the number and nominal value of all the shares acquired and retained or, in the absence of a nominal value, book value, as well as parts of the capital, which these shares represent;

6) owned by the branch offices (plants);

7) financial instruments in the field of: a) risk: changes in prices, credit, significant disruption of cash flow and the loss of liquidity, which is unit b) adopted by the objectives and methods of financial risk management, including the methods of security relevant types of planned transaction for which hedge accounting is applied;

8) (repealed).

2A. Report on the activities of the issuer, whose securities are admitted to trading on one of the regulated markets of the European economic area, should also contain, as extracted part of the statement on the application of corporate governance, which shall determine the implementing rules pursuant to article 114. 60 paragraph 1. 2 of the Act of 29 July 2005 on public offer and the conditions of introduction of financial instruments to organised trading system and on public companies (OJ of 2013.1382 and 2015.978 and 1260) or the regulations issued on the basis of article. 61 of this Act.

3. Report on the activities of the unit should also include, as far as is relevant for the assessment of the situation of the units-financial and non-financial indicators, including information on environmental issues and employment, as well as additional explanations of amounts reported in the financial statements.

4. the micro, referred to in article 1. 3 paragraphs 1 and 2. 1A paragraph 1 and paragraph 2. 1B, which is to draw up a report on the activities of the unit in accordance with paragraph 1. 1, may not draw up this report, provided that in the notes, and in the case referred to in article 1. 48 para. 3, as supplementary information to the balance sheet, will present information on the acquisition of shares (shares) your own specified in annex 4 to this Act.


5. a small Unit, which is to draw up a report in accordance with paragraph 1. 1, may not draw up this report, provided that the notes will present information on the acquisition of own shares, referred to in paragraph 1. 2 paragraph 5.

6. a small Unit may not show in the report non-financial indicators and information about environmental issues and employment referred to in paragraph 1. 3. Article. 49A. [financial statements drawn up by the micro-] it is understood that the financial statements drawn up by the micro with art. 46 paragraph 1. 5 paragraph 4, art. 47 paragraph 1. 4, paragraph 4, art. 48 para. 3, art. 48A para. 3, art. 48B para. 4 or article. 49 paragraphs 1 and 2. 4 present fairly and clearly the material and financial situation and financial results.

Article. 50. [Detail information in the financial statements] 1. The information contained in the financial statements may be shown with specificity greater than specified in the annexes to the law, if this is due to the needs or the specifics of the individual.

2. (repealed).

3. where the information on the individual items in the financial statements of the unit occurred both in the fiscal year, and for the year preceding the financial year, in preparing the financial statements these entries are omitted.

4. (repealed).

Article. 51. [Total financial statements] 1. The unit, comprising organizational units standalone drawing up the financial statements shall be drawn up, the total financial report, which is the sum of the financial statements and all its affiliates (bets), excluding: 1) assets and funds set aside;

2) mutual and other assets and liabilities accounts payable of a similar nature;

3) revenues and costs arising from operations between the entity and its subsidiaries (plants) or between its offices (plants);

4) financial result of business transactions carried out within the unit, included in the assets of the entity or its subsidiaries (bets).

You can not make the exemptions referred to in paragraphs 2 to 4, if this does not affect the fulfillment of the obligations referred to in article 1. 4 paragraph 1. 1.2. To the financial statements, which includes the branches (betting) located outside the territory of the Republic of Poland and drawing up the financial statements, the relevant data arising from the balance sheets of these units (establishments), expressed in foreign currency, converted into the currency of Poland at the prevailing at the balance sheet date average rate published for the currency by the National Bank of Polish, and the profit and loss account – at a rate which is the arithmetic mean of the average exchange rates on the day ending each month of the fiscal year and, in justified cases – at a rate which is the arithmetic mean of the average exchange rates on the day ending the previous financial year and the day of ending the current financial year, announced for the currency by the Polish National Bank. Caused by these conversion differences shall be shown in the combined financial statements under the heading "foreign exchange differences on translation", as a component of capital (Fund) from revaluation.

Article. 52. [the term report] 1. Head of unit provides for drawing up annual accounts no later than within 3 months of the balance sheet date and submit them to the competent authorities, in accordance with the regulations in force, the provisions of law unit of the statute or the agreement.

2. The financial statements shall be signed by-giving the most important date signature – entrusted with bookkeeping, and head of the unit, and if the Unit directs the dormitory authority-all members of the authority. Denial of signature requires a written justification is included with the financial statements.

3. the provisions of paragraphs 1 and 2. 1 and 2 shall apply mutatis mutandis also to: 1) of the financial statements drawn up on the day specified in the article. 12 paragraph 1. 2, or to a different reporting date;

2) reports on the activities of the entity referred to in article 1. 49, except that it does not sign it, the person entrusted with bookkeeping.

Article. 53. [approval of reports] 1. The annual financial statements, subject to paragraph 2. 2B, is subject to approval by the approving authority, not later than 6 months after the balance sheet date. Before the approval of the annual financial statements of the entities referred to in article 1. 64, shall be tested in accordance with the rules set out in Chapter 7.

2. (repealed).

2A. the provision of paragraph 1. 1 does not apply to units for which announced it was bankrupt.

2B. the annual financial statements of the branch of the foreign entrepreneur shall be deemed to be approved if it has been approved the financial statements of foreign entrepreneurs, including the financial statements of the branch.

3. Division or as a result of net financial coverage units required, in accordance with article 5. 64 paragraph 1. 1, to study the annual financial statements may be made after the approval of the financial statements by the approving authority, preceded by an expression by the auditor reviews of this report without reservation or with reservations. Division or as a result of net financial coverage, made without meeting this condition, is not valid under the law.

4. breakdown or covering financial result net of individuals bound by to study the annual financial statements may be made after the approval of the financial statements by the approving authority.

5. Copies of the profit of the current financial year, including payment of the profit made on the basis of separate regulations shall be deemed to be net financial result Division units in the fiscal year.

Article. 54. [change report] 1. If, after the completion of the annual financial statements, and before approving it, the Unit received information about events that have a material impact on the financial statements, or the assumption of continuing activity, it is not justified, it shall amend this report, making at the same time, the relevant entries in the accounts of the financial year to which the financial statements concerned and notify the Auditor, which this report examines or examined. If events that have occurred after the balance sheet date, do not change the State of an existing at the balance sheet date, the corresponding explanation shall be provided in the notes.

2. If an entity has received information about the events referred to in paragraph 1. 1, after the approval of the annual financial statements, their effects are recognised in the accounts of the fiscal year in which such information is received.

3. If, in the financial year or before approval of the financial statements for that financial year for the Unit found committing in previous financial years of error, which cannot be regarded as the financial statements for the year or previous years to comply with the requirements referred to in article 4. 4 paragraph 1. 1, the amount of the correction due to the removal of this error refers to the capital (Fund) and shows as "gain (loss) from previous years".



Chapter 6 of the consolidated financial statements of the Group Article. 55. [consolidated] 1. A parent, having its registered office or place of exercise of the Board on the territory of the Republic of Poland, shall draw up an annual consolidated financial statements of the group, including the parent and its dependent units at all levels, regardless of their seat, put together in such a way as if the Group was the one unit; This report also includes data other subordinated units, in accordance with the principles set out in this chapter.

2. consolidated financial statements consists of: 1) the consolidated balance sheet;

2) the consolidated profit and loss account;

3) consolidated statement of cash flows;

4) consolidated statement of changes in equity capital (Fund) their own;

5) notes, including the introduction to the consolidated financial statements and additional information and explanations.

2A. To the annual consolidated financial statements shall be accompanied by the report on the activities of the group, respectively, according to the requirements referred to in article 3(1). 49 paragraphs 1 and 2. 2-3, except that in the case of the information referred to in article 1. 49 paragraphs 1 and 2. 2 paragraph 5 should provide information about the own shares held by the parent undertaking, the units that make up the Group and persons acting on their behalf. Report on the activities of the Group may be drawn up together with a report on the activities of the parent as a single report.

3. consolidated financial statements shall be drawn up on the different balance sheet date, if such an obligation arises from the separate provisions.

4. where the provisions of this chapter provide otherwise, to draw up consolidated accounts shall apply mutatis mutandis the provisions of chapters 4, 4a and 5.


5. consolidated financial statements of issuers of securities referred to in article 1. Article 4 of Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (OJ. EC-L 243 of 11.09.2002, p. 1; Oj. EU Polish Special Edition, chapter. 13, t 29, p. 609, as amended. ), and banks shall be drawn up in accordance with IAS.

6. consolidated financial statements of issuers of securities wishing to apply for or applying for their admission to trading on regulated markets one of the countries of the European economic area may be prepared in accordance with IAS.

7. Consolidated financial statements of the parent units downstream within the group, in which the parent undertaking higher level shall draw up consolidated accounts in accordance with IAS, it can be prepared in accordance with IAS.

8. Decision on the preparation of consolidated financial statements in accordance with IAS by individuals, referred to in paragraph 1. 6 and 7, shall take the approval authority of the parent.

9. The approval authority of the parent can take a decision on the cessation of the application of IAS in the preparation of consolidated financial statements by the unit in the event of cessation of the circumstances referred to in paragraph 1. 6 and 7.

10. the provisions of paragraphs 1 and 2. 9 shall apply mutatis mutandis to the non-bank units referred to in paragraph 1. 5. Article. 56. [the exemption from the obligation to draw up a report] 1. A parent may not prepare consolidated financial statements, if at the balance sheet date of the fiscal year and at the balance sheet date of the year preceding the financial year the total data of the parent and all subsidiaries at any level: 1) before consolidation of the exemptions referred to in article 1. 60 paragraph 1. 2 and 6, did not exceed at least two of the following three sizes: a) $38 400 000, in the case of the total assets of the balance sheet at the end of the financial year, b) 76 800 000 $-in the case of net revenue from the sale of goods and products for the year, c) 250 people – in the case of annual average employment per FTE;

2) after consolidation of the exemptions referred to in article 1. 60 paragraph 1. 2 and 6, did not exceed at least two of the following three sizes: a) £ 32 000 000, in the case of the total assets of the balance sheet at the end of the fiscal year, (b)) $64 000 000 in the case of net revenue from the sale of goods and products for the year, c) 250 people – in the case of annual average employment per FTE.

1a. A parent that is exempt from the preparation of the consolidated financial statements on the basis of paragraph 1. 1 paragraph 1 or 2, it loses this right, if at the balance sheet date of the fiscal year and at the balance sheet date of the year preceding the financial year exceeded the two referred to in paragraph 1. 1 paragraph 1 or 2 sizes, with effect for the current fiscal year.

2. A parent, dependent on another entity established or place of exercise of the Board within the European economic area, you may not prepare consolidated financial statements, if: 1) parent senior has 100% of the shares of that undertaking, are not taken into account the shares held by the members of its bodies the administrative, management or supervisory bodies under the law or by virtue of obligations specified in its statutes or articles of Association , or 2) senior parent owns at least 90% of the shares of that undertaking and the remaining shareholders of that undertaking have approved the decision to niesporządzaniu the consolidated financial statements.

2A. the provision of paragraph 1. 2 shall apply, if the following conditions are met: 1) the parent undertaking higher level will include a consolidation of both the subsidiary from the parent niesporządzającą consolidated financial statements, as well as all its subsidiaries, which would be subject to consolidation by the parent, taking into account the provisions of art. 57 and article. 58;

2) head of the parent niesporządzającej consolidated financial statements fulfil the obligation referred to in article 1. 69 paragraphs 1 and 2. 4;

3) parent niesporządzająca consolidated financial statements disclose in the notes to the information listed in annex No. 1 to act in the "additional information and explanations" in paragraph 1. 6, paragraph 4.

2B. In the case referred to in paragraph 1. 2A para 1, the consolidated financial statements of the parent company senior management shall be drawn up in accordance with the laws of the Member States of the European economic area, which is subject to, or IAS.

3. A parent may not prepare consolidated financial statements even when all units depend are excluded from the obligation to cover their consolidation on the basis of article. 57 or article. 58.4. The provisions of paragraph 1. 1 shall not apply if the parent undertaking or a subsidiary is an entity referred to in art. 3 paragraphs 1 and 2. 1E point 1-6.

5. The provisions of paragraph 1. 2 shall not apply if the parent is the issuer of securities admitted to trading on one of the regulated markets of the European economic area.

Article. 57. [exclusion of consolidation] Consolidation you can not cover the subsidiary, if: 1) this unit shares were acquired, purchased or obtained in another form, with the sole purpose to subsequent resale, within one year from the date of their acquisition, purchase or acquire in any other form;

2) there are serious long-term restrictions on the exercise of control over the unit, which exclude the free disposal of its net assets, including the momentum built up by a net profit, or that disable control authorities of signs that entity;

3) without incurring disproportionate costs or without undue delay does not obtain information necessary for the preparation of the consolidated financial statements, which may be used in exceptional cases, to be appropriately documented.

Article. 58. [exemption from consolidation] 1. Consolidation may not include a subsidiary, if the financial data that are relevant to the implementation of the obligation referred to in article 1. 4 paragraph 1. 1.2. If two or more subsidiaries meet the criterion referred to in paragraph 1. 1, but their combined data are important from the point of view of the implementation of the obligation referred to in article 2. 4 paragraph 1. 1, these units should be included in the consolidation.

Article. 59. [consolidation] 1. The subsidiary data consolidates the consolidation method, referred to in article 1. 60.2. The data of correlative units shall be shown in the consolidated financial statements using the proportional method, referred to in article 1. 61, or equity method, referred to in article 1. 63.2a. If the partner unit is interdependent a parent undertaking drawing up the consolidated financial statements shows interdependent units using the proportional method, the provisions of article 3. 56 paragraph 1. 3, art. 57 and article. 58 shall apply mutatis mutandis.

3. Interest in an associate is included in the consolidated financial statements under the equity method.

4. If the unit group, included in the consolidation, have shares in units of the interdependent, these units shall be consolidated financial statements using the proportional method or equity method.

5. If the unit group, included in the consolidation, have shares in Associates, those units shall be shown in the consolidated financial statements under the equity method. Where those affiliates shall draw up consolidated financial statements, the equity method shall apply to the net assets shown in their consolidated financial statements.

6. where the conditions referred to in article 1. 57 paragraph 2, and a subsidiary was previously included in a consolidation or a parent, she in law a significant investor or venturer unit of interdependent, that those undertakings shall be shown in the consolidated financial statements respectively by proportionate consolidation or the equity method.

Article. 60. [full consolidation Method] 1. The full consolidation method is adding up, in the full value of individual items in the respective financial statements of the parent and subsidiaries, making exemptions referred to in paragraph 1. 2 and 6, and other adjustments, referred to in paragraph 1. 8-9.

2. Exemption shall be expressed in the purchase price of the value of the shares held by the parent and other entities included in the consolidation in subsidiaries with the part, measured at fair value of the net assets of subsidiaries, which corresponds to the participation of the parent and the other units of the group to be consolidated in a subsidiary, on the day of commencement of exercise control over them. If the value of the shares and the corresponding part of the net assets of the subsidiaries, valuated stock according to their fair values differ, then, subject to paragraph 2. 3 and 4:


1) excess value of shares of the corresponding part of the net assets measured at their fair values-the value of the company, shall be shown in the consolidated balance sheet of the assets in a separate position assets as "goodwill of subordinated units";

2) surplus of the relevant part of the net assets measured at their fair values on the value of the shares – negative goodwill is reported in liabilities in the consolidated balance sheet in a separate position as "negative goodwill of subordinated units."

3. If control of a subsidiary is created or strengthened as a result of several significant transaction or those transactions occur in significant intervals, it is the differences, referred to in paragraph 1. 2, shall be determined for each individual date of acquisition of the shares, and for the first time shall be not later than on the day of the creation of a relationship of subordination of the unit.

4. In the case of amendments to the percentage of the parent or holding company in the net assets of the subsidiary as a result of issue (issue) of shares, arising from the difference referred to in paragraph 1. 2, includes in its entirety to revenue or financial costs.

5. For determining the basis of valuation of net assets at fair values and accounting for goodwill or negative goodwill goodwill shall apply mutatis mutandis the principles set out in article 1. 28 paragraph 1. 5 and art. paragraph 44B. 4, 11 and 12.

6. Exemption shall also be in full: 1) mutual and other assets and liabilities accounts payable of a similar nature the undertakings included in the consolidation;

2) income and expenses of business transactions made between the undertakings consolidated;

3) gains or losses arising from business transactions made between individuals in a consolidation, included in the value of assets to be consolidated;

4) dividends accrued or paid by the subsidiaries to the parent and other entities, the consolidation.

7. You can not make the exemptions referred to in paragraph 1. 6, if they are not relevant to the implementation of the obligation referred to in article 1. 4 paragraph 1. 1.8. If during the financial year are disposed of shares in the subsidiary, the consolidated profit and loss account shall be: 1) business results achieved by this subsidiary to transfer of shares by the parent undertaking or another unit in the consolidation;

2) result from the sale of the shares of the subsidiary, as determined as the difference between the revenue from the sale of the shares and the corresponding part of the net assets of the subsidiary, adjusted for nieodpisaną part of the goodwill or negative goodwill goodwill on the disposed shares.

9. The shares in the equity of subsidiaries, belonging to persons or entities other than included in the consolidation shall be shown in a separate position liabilities in the consolidated balance sheet after the equity of their own as a "minority". The initial value of these capital shall be fixed in the amount corresponding to the fair value of the net assets at the date of the start of the control. This value increases or decreases respectively, changes in net assets of subsidiaries. For the other person or entity not covered by the consolidation of the gains or losses shall be shown in the consolidated profit and loss account after the item "net result" as "profits (losses) of minorities", taking into account the correction of title referred to in paragraph 1. 6, paragraph 4. If the losses of subsidiaries attributable to minority interest exceed the guarantee of their cover, the excess shall be subject to the settlement of the equity group.

Article. 61. [the proportionate consolidation Method] 1. Application of the proportional method in the consolidated financial statements is based on adding up the individual items in the financial statements of a venturer unit of interdependent, in full value, with part of the value of individual items in the financial statements of foreign interdependent, in proportion to the Group's units held by consolidated shares, making exemptions referred to in paragraph 1. 2 and 6, and other adjustments, referred to in paragraph 1. 8.2. Exemption shall be expressed in the purchase price of the value of the shares held by the parent and other entities included in the consolidation in units of interdependent with that part, measured at fair value of the net assets of the interdependent units, which corresponds to a share of the parent and the other units of the group, consolidated in units of interdependent at the inception of the współkontroli. If the value of the shares and the corresponding part of the valuated stock, according to their fair values, net assets of the entities affected vary, it is, subject to paragraph 2. 3 and 4:1) goodwill is reported in the consolidated balance sheet of the assets, in a separate position of fixed assets, as "the value of the company subordinated units";

2) negative goodwill is reported in liabilities in the consolidated balance sheet in a separate item, as "negative goodwill of subordinated units."

3. If the celebration of the współkontroli of the interdependent arises or is enhanced as a result of several significant transaction or those transactions occur in significant intervals, it is the differences, referred to in paragraph 1. 2, shall be determined for each individual date of acquisition of the shares, and for the first time shall be determined on the day of the creation of a relationship of subordination.

4. In the case of amendments to the percentage of the parent group's net assets or interdependent, resulting in issue (issue) of shares, arising from the difference referred to in paragraph 1. 2, includes in its entirety to revenue or financial costs.

5. For determining the basis of valuation of net assets at fair values and accounting for goodwill or negative goodwill goodwill shall apply mutatis mutandis the principles set out in article 1. 28 paragraph 1. 5 and art. paragraph 44B. 4, 11 and 12.

6. Exemption shall also be accordingly in full amounts or in proportion to the owned by the shareholder units interdependent shares: 1) mutual and other assets and liabilities accounts payable of a similar nature units covered by the consolidated accounts;

2) income and expenses of business transactions made between individuals covered by the consolidated accounts;

3) gains or losses arising from operations made between entities covered by the consolidated financial statements, included in the value of assets to be consolidated;

4) dividends accrued or paid by interdependent their partners and other entities covered by the consolidated financial statements.

7. You can not make the exemptions referred to in paragraph 1. 6, if they are not relevant to the implementation of the obligation referred to in article 1. 4 paragraph 1. 1.8. If during the financial year are disposed of shares in the unit of interdependent, in the consolidated profit and loss account shall be: 1) the result of the activities achieved by this unit of interdependent to transfer of shares by a member unit of interdependent or another entity covered by the consolidated accounts in proportion to the disposed shares;

2) result from the sale of the shares of the unit of interdependent, determined as the difference between the revenue from the sale of the shares and the corresponding part of the net assets interdependent, adjusted for nieodpisaną part of the goodwill or negative goodwill goodwill on the disposed shares.

9. Shows no interest in equity units affected, including profits (losses), net of belonging to persons or entities other than the partner unit of interdependent units and his group.

Article. 62. (repealed).

Article. 63. [to establish goodwill with the equity method] 1. The equity method is to show assets of the balance sheet item "subordinated units shares valued using the equity method", at a cost of acquisition plus or minus, for the benefit of the parent, venturer unit of interdependent or significant increase or decrease in investor equity that underlies that occurred from the date control, obtain współkontroli or significant impact to the balance sheet date, including the reduction of settlement with the owners of the , that the share of profit (loss) NET that underlies the adjusted for a copy of the goodwill or negative goodwill goodwill, subject to the rules referred to in article 1. paragraph 44B. 10, 11 and 12, and a copy of the difference in valuation of net assets according to their fair values and the values of the accountants, for a given reporting period.

2. in the application of the equity method in the profit and loss account shall be shown in a separate line share of profit (loss) net subordinated. The profit (loss) NET that underlies the excluded included in the assets of the gains or losses arising from transactions between the undertakings covered by the financial statements and the entity that underlies, in proportion to their shares.

3. Application of the equity method does not apply in the cases referred to in article 1. 57 and not to be used in the cases referred to in article 1. 58.


Article. 63A. [exclusion of the use of the equity method] in the case of permanent loss of the value of the shares in subordinated units, determined at the date of acquisition of the shares of goodwill or negative goodwill is subject to any sums on the financial result, respectively, in an amount equal to the difference between the current value of the shares and their value determined after taking into account the permanent loss of value.

Article. 63B. [adoption of uniform accounting policies] 1. The units, which are covered by the consolidated financial statements and, in particular, the subsidiaries and interdependent, should use the same method for the valuation of assets and liabilities and the preparation of financial statements, in accordance with the accepted rules of accounting policies of the parent undertaking, subject to the provisions of paragraph 2. 2.2. If it is not possible for important reasons the use of uniform valuation methods and the preparation of financial statements or if a parent prepares financial statements in accordance with IAS, and individuals whose personal data are covered by the consolidated financial statements, to draw up the financial statements and the consolidated financial statements in accordance with IAS, you should make the appropriate transformations of the financial statements of those entities whose financial data are essential for the implementation of the obligation referred to in article 1. 4 paragraph 1. 1.3. (repealed).

Article. 63 c. [acceptance of a single balance sheet date] 1. The financial statements referred to in article 2. 55 paragraph 1. 1, shall be made on the same balance sheet date and for the same financial year as the financial statements of the parent. If the same balance sheet date cannot be accepted by the individual units of the Group's consolidated financial statements can be for a different period than the annual fiscal year, provided that the balance-sheet date of these financial statements is not earlier than 3 months before the balance sheet date adopted for the group. This also applies to the financial statements of the entities for which the equity method.

2. The parent undertaking draw up consolidated financial statements, no later than within 3 months of the balance sheet date, on which the parent undertaking shall draw up an annual financial report.

3. consolidated financial statements shall be signed by the head of the parent and other people responsible for the drawing up of this report. Provision of art. 52 paragraph 1. 2 shall apply mutatis mutandis.

4. the annual consolidated financial statements shall be subject to approval by the approving authority of the parent, not later than 6 months after the balance sheet date, which must be drawn up the annual accounts of the parent undertaking.

Article. 63d. [financial statements of public companies] consolidated financial statements and the report on the activities of groups, where the parent units are issuers of securities admitted, issuers wishing to apply for or applying for their admission to trading on a regulated market of one of the countries of the European economic area shall be drawn up on the basis of the provisions of the Act, taking into account the provisions of securities.



Chapter 6a report on payments to the public administration Article. 63E. [Definitions] whenever a chapter is talking about: 1) unit operating in the mining industry – shall mean the entity leading the activities of exploration, search, discovery, exploitation and mining of deposits of minerals, oil, natural gas and other raw materials, as part of the economic activities mentioned in section (B) in sections 05 – 08 Polish classification of activity;

2) unit for logging of primary forests – shall mean the unit of the activities referred to in section and in the section 02, in the Group of Polish business Classification 02.2 in areas of primary forest;

3) primary forest-shall mean the forest with native species, where there are no clearly visible traces of human activities and ecological processes are not significantly disturbed;

4) public administration – it is understood by government authorities or local government and units supervised or controlled by those authorities and, in the case of the other countries of the European economic area or countries outside the European economic area – the State administration bodies, regional or local level Member States of the European economic area or countries outside the European economic area and supervised or controlled by those bodies;

5) project – shall mean the operations carried out on the basis of the contract, in particular to rent, lease, license or concession, giving rise to payment obligations to the public administration of individual States; If several such contracts is with each other significantly, it operations carried out on the basis of it is considered to be one project;

6) payments-shall mean the amount you paid, in cash or in kind, from the activities referred to in paragraph 1 or 2,: a) claims arising from production, b) taxes charged on income, production or profits of the companies, with the exception of tax on consumption, such as the goods and services tax, income tax on individuals, or sales tax, c) royalty, d) dividends , e) State fees and the premium for discovery and production, f) royalties, fees dzierżawnych, start-up fees and other licensing benefits or concessions, g) payments for infrastructure improvements;

7) payments related-means provided for in the agreement interim payments or installment;

8) payment report-means a report of payments to public administration.



Article. 63f for [the report of the unit working in the mining industry or for logging of primary forests] 1. A unit operating in the extractive industries or engaged in the logging of primary forests shall be made at the balance sheet date, together with the annual financial statements, the report of the payment if it is: 1) an entity referred to in article. 3 paragraphs 1 and 2. 1E point 1 – 6, which is a holding company, joint-stock partnership limited by shares company or the company public or limited partnership, where all members having unlimited liability are companies, public limited liability partnership limited by shares company or companies of other States with similar to these companies the legal form, or 2) company, a joint stock partnerships or public company or limited partnership, where all members having unlimited liability are companies, public limited liability partnership limited by shares company or companies of other States with similar to these companies the legal form provided that in the fiscal year for which prepares financial statements, and in the year preceding the year exceeds at least two of the following three volumes: (a)) 85 000 000 PLN – in the case of the total assets of the balance sheet at the end of the fiscal year, (b)) $170 000 000 in the case of net revenue from the sale of goods and products for the year, c) 250 people – in the case of annual average employment per FTE, and if a single payment or the sum of the payments made by this unit in the financial year at least equivalent amount 424 700 zł.

2. in the report of the payment shall be, in respect of the financial year, the following information: 1) the total amount of payments made to the public administration of Member States, broken down by payments to appropriate levels of public administration;

2) the aggregate amount of payments by the titles indicated in art. 63E section 6 made to an appropriate level of public administration in the Member State concerned;

3) where payments have been assigned by the unit for a specific project – the total amount of payments made in respect of the individual projects together with a breakdown by the titles of payment indicated in the article. 63E section 6.

3. the provision of paragraph 1. 2 paragraph 3 does not apply to payments made by the enterprise in connection with the requirements imposed at the level of the unit. In this case, they may be presented at the unit level, not the project level.

4. in the report of the payments you can not take into account the individual payments or sum payments, lower than that indicated in paragraphs 1 and 2. 1 values. Payments or activities cannot be artificially separated or aggregated in order to avoid their reporting in the report on payment.

5. in the case of payment in kind, the report from the payment of their value, if possible, also in natural units, together with a statement of its findings.



Article. 63g. [consolidated payment] 1. The body referred to in article 1. 63f for paragraph 1. 1, which is a parent undertaking referred to in article 1. 55 paragraph 1. 1 shall draw up a consolidated report on the payments in accordance with article 5. 63f for paragraph 1. 2-5.


2. the provision of paragraph 1. 1 shall apply mutatis mutandis to the parent referred to in article 1. 55 paragraph 1. 1 if it meets the conditions of article. 63f for paragraph 1. 1 paragraph 1 or 2 and any of its subsidiaries is a unit operating in the extractive industry or entity engaged in the logging of primary forests, and a single payment or the sum of the payments made by its subsidiary accounted for in the financial year at least equivalent amount 424 700 zł.

3. Consolidated statement of payments includes the data of the parent and individuals at all levels that depend on it. Consolidated payment may not cover the data unit, which was not included in a consolidation on the basis of article. 57.4. The consolidated accounts of payment shall apply mutatis mutandis the provisions of article 4. 63 c of paragraph 1. 2 and 3.



Article. 63 h [Exemption from the obligation to draw up reports of payments] 1. The body referred to in article 1. 63f for paragraph 1. 1, which is a subsidiary, may not make a payment report, if its parent which is a resident of or place of exercise of the Board within the European economic area shall draw up a consolidated report on the payments in accordance with the laws of the Member States of the European economic area, which is subject to, and payments made by the subsidiary to the public administration are included in the consolidated financial statements from the payment.

2. The parent may not make payment reports, if it shall draw up a consolidated statement of payment in accordance with the principles set out in article 4. 63g, and payments made by the parent for the benefit of the public administration are included in the consolidated financial statements from the payment.

3. The entity referred to in article 8. 63g paragraph 1. 1, which is a parent undertaking downstream may not draw up consolidated accounts of payment, if its parent senior having its registered office or place of exercise of the Board within the European economic area shall draw up a consolidated report on the payments in accordance with the laws of the Member States of the European economic area, which is subject to, and payments made by the parent downstream for public administration are included in the consolidated financial statements from the payment.



Article. 63i. [payment report or consolidated payment considered equivalent to EU law] the entities referred to in article 1. 63f for paragraph 1. 1 or article. 63g paragraph 1. 1, which shall draw up and publish a report on the payment or consolidated with the payment in accordance with the laws of the Member States outside the European economic area, approved by the European Commission to be equivalent with the EU regulations, may not apply the provisions of the Act relating to the compilation of these reports, subject to the provision of payment reports or consolidated accounts of payment in the appropriate court registry.



Article. 63j. [the application of the provisions of the Act] To payment reports and the consolidated accounts of payment shall apply mutatis mutandis the provisions of article 4. 52 paragraph 1. 1 and 2, except that it does not sign their person entrusted with bookkeeping.



Chapter 7 Test, submission to the appropriate court registry, sharing and publication of accounts Article. 64. [Reports are the subject of study and publication] 1. The study shall be subject to the annual consolidated financial statements and Group annual financial statements-continuing activities: 1) banks, insurance undertakings and reinsurance undertakings;

1A) co-operative building societies;

2) units operating on the basis of the provisions of the Securities and the regulations on investment funds;

2A) units operating on the basis of the rules on the organisation and functioning of the pension funds;

2B) of national payment institutions and electronic money institutions;

3) joint stock companies, with the exception of the companies at the balance sheet date in the Organization;

4) other units, which in the preceding business year for which financial statements are drawn up, have met at least two of the following conditions: (a) the rainfall here in terms of employment) full-time equivalents amounted to at least 50 people, b) total assets balance sheet at the end of the financial year was the equivalent in the currency of the Polish at least 2 500 000 euro, c) net income from the sale of goods and products and financial operations for the year were equivalent in Polish currency at least 5 000 000 euro.

2. In the units producing combined financial statements referred to in article 1. 51 paragraph 1. 1, the conditions referred to in paragraph 1. 1 shall apply to the total annual financial statements.

3. The test shall be subject to the financial statements of the recipient companies and the newly combined, drawn up for the year in which the connection, as well as the annual financial statements of individuals drawn up in accordance with IAS.

4. The study shall also be annual combined financial statements investment fund with subfunds and annual accounts of the individual sub-funds.

5. (repealed).

6. (repealed).

Article. 64A. (repealed).

Article. 64B. (repealed).

Article. 65. [opinion and report of the statutory auditor] 1. The purpose of the financial statements is an expression by the auditor of the written opinion, together with a report on whether the financial statements fairly and clearly presents material and financial situation and financial results of the audited entity in accordance with the applicable provisions of the Act and principles of accounting policies.

2. the opinion referred to in paragraph 1. 1, should in particular State whether the financial statements: 1) has been drawn up on the basis of correctly kept accounting books;

2) (repealed);

3) is consistent as to the form and content of the current unit of the law, the statute or contract;

4) (repealed).

3. reviews must also: 1) inform the defaulting notice, to express an opinion, referred to in article 1. 69 and 70 Assembly duties in the relevant court registry and the announcement of financial statements for the year or years preceding fiscal year;

2) indicate the established during the test, the serious risks for the continuation of the activity;

3) indicate that the information contained in the report shall take into account the provisions of article 12. 49 paragraphs 1 and 2. 2 and are in accordance with the information contained in the annual financial statements;

4) make a statement whether, in the light of the knowledge of the entity and its environment, obtained during the study found in the report on the activities of the relevant distortion, and to indicate what they are;

5) indicate whether the issuer obliged to make a statement on the application of corporate governance in this privacy statement the information required in accordance with the scope specified in the implementing rules pursuant to article 114. 60 paragraph 1. 2 of the Act of 29 July 2005 on public offer and the conditions of introduction of financial instruments to organised trading system and on public companies or in the regulations issued on the basis of art. 61 of this Act, (a) in respect of certain information indicated in these rules or regulations – to determine whether they are in accordance with the applicable regulations and with the information contained in the annual financial statements.

4. the opinion should clearly indicate the reasons express objections to the financial statement, expression, opinion or refuse to express an opinion, in view of the existence of circumstances which prevent its wording. Reservations must be expressed in a way that their coverage.

5. The report, referred to in paragraph 1. 1, should provide, in particular: 1) General characteristics of units (the identity of the unit);

2) obtain from the information, explanations and statements;

3) assessment of the correctness of the accounting system;

4) the characteristics of the entry or group of items in the financial statements, if in the opinion of the auditor they require discussion;

5) application by the bank to the prudential rules, specified in separate regulations, and a statement as to the correctness of the determination of solvency;

5A) the use by the cooperative credit unions money for prudential rules, specified in separate regulations, and a statement as to the correctness of the determination of solvency;

6) creation by the insurance technical reserves of insurance providing full comply with current and future obligations arising from contracts of insurance and reinsurance contracts, and that these reserves investments, in accordance with the provisions of the business of insurance and reinsurance business, as well as the correctness of the calculation of the solvency margin and financial cover this margin;


6a) created by the reinsurance insurance technical reserves amounting to ensure complete discharge of current and future obligations arising out of reinsurance contracts, and that these reserves investments, in accordance with the provisions of the reinsurance business, as well as the correctness of the calculation of the solvency margin and financial cover this margin;

7) presentation of the assets and financial profit units, with an indication of the phenomenon, which in comparison with the previous reference periods significantly negatively to this situation and, in particular, threaten to continue the business of the entity. If in the course of the research units of the statutory auditor finds important, affecting the financial statements, a violation of the law, the statutes or articles of Association, it should inform the report and, if necessary, also in the reviews.

6. the opinion and report should result from the meeting and developed in the course of the examination of the audit documentation. They should allow the Auditor, niebiorącemu survey, track its progress and finding justification for the opinion expressed on the financial statements during the investigation.

7. Review and test report, the financial statements shall be signed by the key statutory auditor carrying out the trial.

8. the provisions of paragraphs 1 and 2. 1 to 7 shall apply mutatis mutandis to reviews and the report of the examination of the consolidated financial statements.

Article. 66. [the impartiality and independence of the statutory auditor] 1. (repealed).

2. (repealed).

3. (repealed).

4. Choice of entity authorised to audit financial statements to perform the audit or review of the financial statements shall be the approving authority financial statements, unless the Statute, agreement or other binding unit law provides otherwise. Head of unit may not make such a choice.

5. the head of the unit contains the entity authorised to audit financial statements agreement on study or review of the financial statements in time for his part in the inventory of significant assets. The costs of the implementation of audit activities shall be borne by the unit.

6. The examination or review of the financial statements conducted in violation of the provisions of article 4. 56 paragraph 1. 2-4 of the Act of 7 May 2009 on statutory auditors and their local government entities authorized to audit financial statements and public supervision (OJ No 77, poz. 649, 2010 No. 182, item 1228 and 2012.1166) are not valid under the law.

7. Termination of the agreement referred to in paragraph 1. 5, it is possible only if the existence of reasonable grounds. The differences of views on the application of the principles of accounting or auditing standards do not constitute reasonable grounds for termination of the contract. About the termination of the study or review the financial statements of a head of unit and the entity authorised to audit financial statements shall inform the Audit supervision Commission.

Article. 67. [statutory auditor] 1. The head of the audited entity provides the provision of statutory auditor carrying out management, financial statements, accounting books and documents which are the basis for the made in these records and any other documents, as well as provide comprehensive information, explanations and statements – necessary to give an opinion of the Auditor on the financial statements of the investigation.

2. The auditor shall be entitled to obtain information related to the course of the test from the contractors of the audited entity, including the banks and its legal advisers – under the authority of the head of the audited entity.

3. If the subject of the test is the financial statements of the parent, the statutory auditor referred to in paragraph 1. 1 and 2, you have also to subsidiaries, interdependent and associates.

4. The auditors who carried out the audit: 1) units, subsidiaries, interdependent or affiliates – for reporting periods preceding the fiscal year 2) subsidiaries, interdependent or affiliates – for the year – are required to provide relevant information and explanations of the statutory auditor, investigator for the year financial statements, including the parent.

Article. 67A. [the correct application of the provisions of] the provisions of art. 65, art. 66 paragraph 1. 4, 5 and 7 and art. 67 shall apply mutatis mutandis to audit financial statements other than those referred to in article 1. 64. Article. 68. [Sharing reports] limited liability companies, mutuals, reinsurers, companies and cooperatives are obliged to make available to partners, shareholders or members of the annual financial statements and the reports of the activities of the entity, and if the financial statements shall be subject to the test – also reviews together with the auditor's report-not later than 15 days before the general meeting, the general meeting of shareholders or the general meeting of members or representatives of the members of the cooperative. Joint-stock company has shareholders report of the Supervisory Board or the Audit Committee or of the administrative organ.

Article. 69. [data registration authorities] 1. Head of unit consists of the competent court register annual financial report, the opinion of the Auditor, if it were subject to the study, a copy of the resolution or the provisions the approval authority to approve annual financial statements and profit distribution or loss coverage, and, in the case of entities referred to in article 1. 49 paragraphs 1 and 2. 1-activity report-within 15 days from the date of approval of the annual financial statements.

1a. (repealed).

1B. Branch Manager of foreign entrepreneurs in the relevant court registry consists of the annual financial statements of the branch.

1 c. Branch Manager, established outside the territory of the Republic of Poland of the insurance undertaking, a reinsurance undertaking, a foreign bank, a credit institution or a financial institution – within the meaning of the banking law, hereinafter referred to as "a credit institution or a financial institution", is composed of the competent court register, drawn up and audited in accordance with the laws in force in the State headquarters of the credit or financial institution, and translated into Polish by the sworn, the annual financial statements of the Organization, together with a report and the opinion of the auditor.

1 d. the provision of paragraph 1. 1 c shall apply mutatis mutandis to the consolidated financial statements, together with the consolidated management report and the opinion of the auditor.

1E. The Assembly in the correct court register shall not, subject to paragraph 2. 1F, the annual financial statements of the branch of a credit or financial institution.

1F. the branch manager credit or financial institution established in a country outside the European economic area, in addition to the documents listed in paragraph 2. 1 c shall also in the right court register subject to study the annual financial statements of the branch, together with the opinion of the Auditor, if: 1) the annual financial statements of the credit or financial institution is not drawn up in accordance with the rules adopted or equivalent of the European economic area or 2) in the State of residence of the credit or financial institution is not a condition of reciprocity in respect of credit institutions or financial established in a Member State of the European economic area.

1 g. Head of unit, referred to respectively in article. 63f for paragraph 1. 1 or article. 63g paragraph 1. 1, consists of the competent court register respectively a report of payments to public administration or consolidated payments to the public administration, together with the annual financial statements, within the time limit referred to in paragraph 1. 1.2. When the financial statements has not been approved within the time limit referred to in article 1. 53 paragraph 1. 1, it must be lodged with the Court Registry within 15 days after that date, as well as 15 days after its approval, together with the documents referred to in paragraph 1. 1.3. The provision of paragraph 1. 1 and 2 shall apply mutatis mutandis to the parent enterprise annual consolidated financial statements of the group.

4. the head of the parent niesporządzającej consolidated financial statements in accordance with article 5. 56 paragraph 1. 2, is composed of the competent court register translated into Polish by sworn: 1) the consolidated financial statements of the parent company senior management, together with the opinion of the auditor of the examination of that report, 2) consolidated report on the activities of the parent higher level – within 30 days from the date of approval of the report referred to in paragraph 1, no later than within 12 months of the balance sheet date of the parent niesporządzającej the consolidated financial statements.


Article. 70. [the duties of head of unit] 1. Head of unit referred to in article 1. 64, which does not apply to article. 69, is obliged to make an introduction to financial statements which are part of the notes, balance sheet, profit and loss statement in changes in capital 2005 (Fund) own and cash flow statement for the year, to declare within 15 days from the date of their approval, together with the opinion of the Auditor, and a copy of the resolution or the provisions of the approval authority of the approval of the financial statements and profit distribution or loss coverage.

1a. (repealed).

1B. (repealed).

1 c. (repealed).

1 d (repealed).

2. the Notice referred to in paragraph 1. 1, follows in the "Gazette and economic".

3. (repealed).



Article. 70A. [Declaration of obligation to draw up and submit annual financial statements] head of unit as a public person or a partnership, the net revenue from sales of goods, products and financial operations for the previous financial year amounted to less than the equivalent in the currency of the Polish 1 200 000 euro and which does not apply the accounting rules set out by law on the basis of article. 2. 2, consists of the corporately leading national registry court within 6 months from the date of the ending financial year, a statement about the lack of obligation to draw up and submit annual financial statements.



Chapter 8 data protection Art. 71. [obligation to keep the harvest] 1. The documentation referred to in article 1. 10 paragraph 1. 1, accounts, accounting evidence, documents inventory and financial statements, hereinafter referred to as "collections", should be stored properly and protect against illicit modifications, unauthorized distribution, damage or destruction.

2. In conducting the accounts using computer data protection should rely on the application of hazard-resistant storage media, on the selection of appropriate measures for the protection of the outside, on the systematic creation of reserve copies of data stored on data carriers, provided that the durability of recording information system accounting for no less than required to store accounts, and ensuring the protection of computer programs and data information system of accounting , through the use of appropriate software and solutions, to protect against unauthorized access or damage.

Article. 72. [accounts persisted on the computer storage media] 1. Accounts can be made, subject to article 8. 13 paragraph 1. 2 and 3, sets fixed on data carriers, provided the application of solutions listed in the article. 71 paragraph 1. 2.2. If the data protection system of accounting, fixed on data carriers, does not meet the requirements referred to in article 1. 71 paragraph 1. 2, these records should be printed within the time limits provided for in article 4. 13 paragraph 1. 6.3. Storage accounts on other media than that referred to in paragraph 1. 2 is acceptable provided that reproduce the books in the form of prints.

Article. 73. [Store accounting and inventory documents evidence] 1. Evidence of accounting and inventory documents be kept in the unit, subject to the provisions of paragraph 2. 4, in its original form, in a predictable order corresponding to the way in which the accounts, broken down by reporting periods, in a manner allowing them easy to find. Annual collections of accounting evidence and documents inventory means the designation the name of their type, and a symbol of the final years, and the final numbers in the collection.

2. With the exception of documents relating to the transfer of property rights to real estate, to entrust responsibility for assets, significant contracts and other important documents referred to by the head of the unit, after the approval of the financial statements the accounting evidence content can be transferred to the information media, to keep in permanent form the contents of the evidence. If this method of data storage devices is to play the evidence in the form of print, unless legislation provides otherwise.

3. After the approval of the financial statements for the financial year, the accounting policies, the accounts and financial statements, including the report on the activities of the entity, shall be, respectively, in the manner referred to in paragraph 1. 1.4. Collections, referred to in article 1. 71 paragraph 1. 1, can be stored, as specified in paragraph 2. 1-3, outside the unit, where will be transferred for storage to another unit, providing services in the field of storing documents. Provision of art. 11A shall apply mutatis mutandis.

Article. 74. [retention periods of the annual report and other collections] 1. Approved the annual financial statements shall be subject to permanent storage.

2. other collections shall be kept at least for a period of: 1) accounts – 5 years;

2) card compensation of employees or their equivalents for the required access to information, resulting from the provisions of pension schemes and tax, for not less than 5 years;

3) evidence of accounting for proceeds from the sale of retail until approval of the financial statements for the financial year, no less than the settlement date people entrusted assets covered by retail;

4) evidence of accounting for fixed assets under construction, lending, loans and trade agreements, claims asserted in civil proceedings or criminal proceedings or tax-for 5 years from the beginning of the year following the financial year in which the operations, transactions and proceedings were finally terminated, paid up, cleared or expired;

5) documentation adopted way of accounting-for a period of not less than 5 years from the date of expiration;

6) documents concerning warranties and claims-1 year after the date of expiry of the warranty or the settlement of the complaint;

7) inventory documents – 5 years;

8) other accounting evidence and reports, which the obligation to produce results from the Act-5 years.

3. the retention periods set out in paragraph 1. 2 shall be calculated from the beginning of the year following the financial year to which the data collection.

Article. 75. [sharing policy sets to third parties] the provision of third party collections or parts thereof: 1) for viewing in the unit – requires the consent of the head of the entity or person authorized by him, 2) in addition to the head office (branch) unit – requires the written consent of the head of the unit and leaving the unit confirmed the inventory of seized documents, unless separate rules provide otherwise.

Article. 76. [Storing collections of individuals transformed or lost] 1. Collections of entities that: 1) completed its activities as a result of the merger with another entity or transformation of legal form-stores unit of continuity;

2) have been wiped out – stores the designated person or entity; about Storage Manager, liquidator of the entity or the insolvency administrator shall inform the competent court or other authority the register or the register of economic activities and the tax office.

2. In the cases referred to in paragraph 1. 1, the provisions of article 4. 72-74 shall apply mutatis mutandis.



Chapter 8a bookkeeper accounts Art. 76A. [bookkeeping Service] 1. Accounting bookkeeper is an economic activity, within the meaning of the freedom of economic activity, consisting in the provision of services in the field of the activities referred to in article 1. 4 paragraph 1. 3 paragraph 2 – 6.

2. (repealed).

3. the activities referred to in paragraph 1. 1, can perform the trader, provided that the activities of this scope will be performed by persons who: 1) have full legal capacity;

2) have not been doomed final court for an offense against the reliability of documents, property, economic trade, trade in money and securities for tax offence and for the offences referred to in Chapter 9.

4. (repealed).

5. (repealed).

6. (repealed).

Article. 76B. (repealed).

Article. 76. (repealed).

Article. 76 d (repealed).

Article. 76e. (repealed).

Article. 76f. (repealed).

Article. 76 g. (repealed).

Article. 76 h [liability] 1. The trader referred to in article 1. 76A paragraph. 3, shall be required for the conclusion of a contract liability insurance for damage caused in connection with the activities referred to in article 1. 76A paragraph. 1.2. The competent Minister of financial institutions shall determine, by regulation, the detailed scope of the compulsory insurance, referred to in paragraph 1. 1, the term liability insurance and the minimum guarantee amount, taking in particular into account the specific nature of activities and the range of implemented tasks.

3. The provisions of paragraphs 2 and 3. 1 does not apply to, entrepreneurs, auditors and tax consultants, if you arrange insurance yourself from civil liability for damages caused in the exercise of those professions in the field referred to in paragraph 1. 1. Article. 76i. (repealed).



Chapter 9 criminal liability


Article. 77. [violation of the provisions of the Act] Who, contrary to the provisions of the Act shall be permitted to: 1) having accounts, leading them, contrary to the provisions of the Act or of administration in these books unreliable data, 2) grounds that they the financial statements, the consolidated financial statements, activity reports, reports on the activities of the group, the reports of payments to public administration, consolidated report of payments to public administration, their contrary to the provisions of the Act or the conclusion in these reports incorrect data is punishable by or to imprisonment up to 2 years , or both penalties.

Article. 78. [criminal liability of the statutory auditor] 1. The statutory auditor, which is incompatible with the actual facts of the opinion on the financial statements and on the basis of its drawing up the accounts of the individual or material and financial situation of this unit, is subject to a fine or imprisonment up to 2 years of age, or both penalties.

2. If the perpetrator of the Act referred to in paragraph 1. 1 work inadvertently, is subject to a fine or penalty of restriction of liberty.

Article. 79. [criminal responsibility] Who, contrary to the provisions of the Act: 1) gives up the financial statements examined by an auditor, 2) grants or grants which do not comply with the facts information, explanations, auditor or does not allow it to operate, 3) consists of the financial statements for publication, 4) consists of the financial statements, the consolidated financial statements, activity reports, reports on the activities of the group, the reports of payments to public administration , a consolidated report of payments to public administration in the right court register 5) does not provide financial statements and other documents referred to in article 1. 68, 6) is established in the field of bookkeeping service without complying with the conditions referred to in article 1. 76A paragraph. 3, 7) is established in the field of bookkeeping service without fulfilling the obligation to conclude a contract of insurance, referred to in article 2. 76 h of paragraph 1. 1-is subject to a fine or penalty of restriction of liberty.



Chapter 10 special provisions and transitional Article. 80. [Delegation] 1. To entities referred to in article 1. 2. 1 paragraph 4, shall not apply the provisions of chapters 5, 6 and 7 of the Act.

2. The proper Minister of public financies may, by regulation, required to audit financial statements of individuals, as referred to in article. 2. 1 paragraph 4.

3. for associations, trade unions, employers ' organizations, chambers of Commerce, foundations, agencies of foreign entrepreneurs, within the meaning of the freedom of economic activity, socio-occupational organizations of farmers, the Organization of self-regulatory organization of economic government craft and Polish Office of Insurers, if you do not carry out economic activity, not to apply the provisions of chapters 6 and 7 of the Act.

Article. 80A. (repealed).

Article. 81. [the delegations] 1. (repealed).

2. The proper Minister of public financies shall determine by regulation: 1) after consultation with the Chairman of the financial supervision Commission special accounting rules for investment funds, including: a) the scope of information included in the financial statements, the financial statements of the investment fund with subfunds and the reports of individual sub-funds, b) the rules for drawing up the financial statements, the combined financial statements investment fund with subfunds and Unit reports sub-funds , c) draw up and submit to the announcement of the annual financial statements and the annual financial statement-connected investment fund and the annual accounts of individual sub-funds, d) deadlines for the preparation and review of interim financial statements and half-yearly combined financial statements of the investment fund and half-yearly reports of the individual sub-funds, e) approval of the annual financial statements, annual financial statements-linked investment fund with subfunds and the annual accounts of individual sub-funds;

2), after consulting the Chairman of the financial supervision Commission, special accounting rules brokerage houses, including the scope of information included in the financial statements and in the consolidated financial statements of capital groups and activity reports;

3) the detailed rules for other than banks, insurance and reinsurance undertakings consolidated financial statements of capital groups, including the scope of information included in these reports and activity reports;

4) detailed rules for recognition, valuation methods, the scope of the disclosure and presentation of financial instruments;

5) (repealed);

6) after consulting the Commission of financial supervision: a) the specific accounting policies of insurance and reinsurance undertakings, including the creation of insurance technical reserves and the scope of information included in the notes, the rules for consolidated financial statements of capital groups, including the scope of information included in the consolidated financial statements of capital groups and activity reports, b) specific accounting policies of pension funds, including the scope of information included in the financial statements , the time limits for preparation and submission of the annual financial statements, the scope of the publication of annual financial statements and the date of approval of the annual financial statements;

7) (repealed);

8) after obtaining the opinion of the financial supervision Commission: a) the special accounting rules for banks, including the scope of information included in the notes to the financial statements, (b)) (repealed), c) rules for creating reserves for risks associated with the activities of banks, d) specific cooperative credit unions unions accounting principles, including: – the scope of information included in the financial statements, assets and liabilities valuation rules, including creating impairment – having regard to the specific nature of the activities of the co-operative building societies;

9) activities, number of members and entities entitled to their application and the Organization Committee of the accounting standards referred to in article 2. 10 paragraph 1. 3;

10) (repealed).

Article. 82. [Delegation] the proper Minister of public financies may by regulation: 1) (repealed);

2), after consulting the Chairman of the financial supervision Commission, specify a specific accounting policies the national depository of securities and settlement fund, referred to in the provisions of the securities, including the scope of information included in the financial statements and consequently in its consolidated financial statements of the group, as well as in the activity reports;

3) after consulting the Chairman of the financial supervision Commission, specify a specific accounting rules of the guarantee fund referred to in the provisions of the securities, including the scope of information included in the financial statements;

4) after consulting the Chairman of the financial supervision Commission, specify a specific accounting policies for companies of the stock exchange and OTC market, including the scope of information included in the financial statements, respectively, in the consolidated financial statements of the Group and activity reports;

5) after consultation with the Chairman of the financial supervision Commission, specify a specific accounting policies for national institutions, including the scope of information included in the financial statements, respectively, in the consolidated financial statements of the Group and activity reports.

Article. 83. [Master chart of accounts] 1. In order to harmonise the principles of grouping economic operations and reduce the effort associated with the establishment of company accounts can be used to master chart of accounts.

2. The proper Minister of public financies may determine, by regulation, the standard chart of accounts: 1) after obtaining the opinion of the financial supervision Commission-for banks;

2), after consulting the Chairman of the financial supervision Commission for the entities operating on the basis of the provisions of the securities;

3) after consulting the Chairman of the financial supervision Commission-for investment funds;

4) after consulting the Commission of financial supervision for insurance undertakings, reinsurance undertakings or pension funds;

5) (repealed);

6) for the remaining units;

7) after obtaining the opinion of the financial supervision Commission-for cooperative building societies and National Cooperative Credit unions.



Chapter 11 Changes in the legislation in force, the final provisions Art. 84. (omitted).

Article. 85. [the provisions repealed] 1. Shall be repealed, without prejudice to paragraph 2. 2:


1) art. 244-252, 418-420, 422-426. 428 of the President of the Republic of 27 June 1934 – commercial code [13];

2) art. 26A ust. 1 of the law of 6 July 1982 on the principles of conduct in the territory of the people's Republic of Poland economic activities in respect of small craft industries by foreign legal persons (Journal of laws of 1989 No. 27, item 148 and No. 74, item and 442 of 1991 No. 60, item 253 and # 111, item 480);

3) art. 39 and 40 of the law of 10 July 1985 on the mixed enterprises (Journal of laws No. 32, item 142, 1986 No. 12, item 72 and from 1987, no. 33, item 181);

4) art. 20(2). 2 of the Act of 31 January 1989 financial economy of State-owned enterprises (Journal of laws 1992, no. 6, item 27 and from 1993, No 18, poz. 82);

5) art. 481 of the Act of 31 January 1989-banking law (Journal of laws 1992, no. 72, item. 359, 1993 # 6, item 29, no. 28, item 127 and # 134, item 646 and 1994 No 80, item. 369) [14];

6) art. 14 of the Act of 13 July 1990 on the privatisation of State-owned enterprises (Journal of laws No. 51, item 298 and 1991 No. 60, item 253 and # 111, item 480) [15];

7) art. 41 paragraph 1. 3, art. 47, art. 58 (1) and art. 59 of the Act of 28 July 1990 on the business of insurance [16];

8) art. 29. 2 and 3 of the Act of 12 September 1990 on higher education (Journal of laws No. 65, item 385, 1992, No. 54, item 254 and No. 63, item 314 and 1994 No 1, item 3, no. 43, item 163 and # 105, item 509) [17];

9) art. 30 paragraph. 2 of the Act of 25 October 1991 on organizing and conducting cultural activity (Journal of laws No. 114, item 493);

10) art. 32 § 3 and article. 95 of the Act of 22 March 1991-the law on publicly traded securities and unit trusts (Journal of laws of 1994, no. 58, item 239 and # 71, item 313) [18];

11) art. 61 paragraph 1. 2 and 3 of the law of 30 August 1991 on health care (Journal of laws No. 91, item 408.1992 and No. 63, item 315) [19].

2. (omitted).

Article. 86. [entry into force] this Act comes into force on January 1, 1995, and shall apply for the first time to the financial statements for the fiscal year beginning in 1995.



 

 

1) this Act shall be made in respect of its implementation of the regulation the following directives of the European Communities: 1) Directive 2001/65/EC of 27 September 2001 amending Directives 78/660/EEC, 83/349/EEC and 86/635/EEC as regards the rules for the assessment of the annual and consolidated accounts of certain types of companies as well as banks and other financial institutions (OJ. EC-L 283 of 27.10.2001);

2) Directive 2003/38/EC of 13 May 2003 amending Directive 78/660/EEC on the annual accounts of certain types of companies as regards amounts expressed in euro (OJ. EC-L 120 of 15.05.2003);

3) of Directive 2003/51/EC of 18 June 2003 amending Directives 78/660/EEC, 83/349/EEC, 86/635/EEC and 91/674/EEC on the annual accounts and consolidated accounts of certain types of companies, banks and other financial institutions and insurance undertakings (OJ. EC-L 178 of 17.07.2003).

The data relating to the Declaration of the European Union, provided in this law-on the day of the Republic of Poland in the European Union membership-applies to the notice of those acts in the official journal of the European Union-Special Edition.

Annex 1. [SCOPE of INFORMATION INCLUDED in the financial statements, as referred to in article 45 of the ACT, for ENTITIES OTHER THAN banks, insurance and reinsurance undertakings]

The annexes to the Act of 29 September 1994.

Appendix 1 SCOPE of the INFORMATION CARRIED in the financial statements referred to in article 1. 45 of the ACT, for ENTITIES OTHER THAN banks, insurance and reinsurance undertakings introduction to financial statements include, in particular: 1) company, registered office and address or place of residence and address, primary business units and the number in the right court register or records;

2) an indication of the duration of the activities of the entity, if it is limited;

3) an indication of the period covered by the report;

4) indicate that the financial statements contain aggregate information, if the composition of the unit consists of internal organizational units standalone drawing up the financial statements;

5) an indication as to whether the financial statements were prepared assuming continuation of economic activity by the enterprise in the foreseeable future, and whether there are circumstances indicating a threat to continue its activities;

6) in the case of a report drawn up for the period during which there has been a call, an indication that it is the financial statements drawn up after the merger of companies, and an indication of the method of settlement (acquisition, pooling of interests);

7) an overview of the principles of accounting policies, including the valuation methods of assets and liabilities (including depreciation), determine the result and how to draw up financial statements to the extent that the Act leaves the unit of choice.

Balance sheet Assets a. fixed assets and intangible assets 1. The cost of the completed development 2. The value of the company 3. Other intangible assets 4. The advance on intangible assets II. Tangible fixed assets 1. Fixed assets and) land (including the right to perpetual usufruct of land) b) buildings, offices, restaurants and holiday of civil engineering and water c) plant and machinery d) means of transport e) other fixed assets 2. Assets under construction 3. The advance on fixed assets under construction III. Long-term receivables 1. From related entities 2. From other units, in which the entity has involvement in the capital of 3. From other units. Long-term investments 1. Real estate 2. Intangible assets 3. Long-term financial assets a in affiliated) – shares or equities – other securities – loans – other long-term financial assets b) in other units, in which the body has a commitment to the capital – shares or equities – other securities – loans – other long-term financial assets (c)) in other units – shares or equities – other securities – loans – other long-term financial assets 4. Other long term investments v. Long-term accruals 1. Deferred tax assets 2. Other prepayments b. current assets i. Stocks 1. Materials 2. Semi-finished products and products in process 3. Finished products 4. Goods 5. Advances on the supplies and services II. Short-term receivables 1. Receivables from related entities) in respect of supplies and services, with repayment period: – up to 12 months-over 12 months b) 2. Receivables from other units, in which the body has a commitment to the capital a) in respect of supplies and services, with repayment period: – up to 12 months-over 12 months b) 3. Receivables from other entities a) in respect of supplies and services, with repayment period: – up to 12 months-over 12 months b) in respect of taxes, subsidies, duties, social and health insurance and other public c) d) asserted in court III. Short-term investments 1. Short-term financial assets a in affiliated) – shares or equities – other securities – loans-other short-term financial assets b) in other units – shares or equities – other securities – loans-other short-term financial assets c) cash and cash equivalents-cash in hand and balances-other cash and cash equivalents-cash equivalents 2. Other short-term investments IV. Short-term accruals c. Due payment on capital (Fund) basic D. Shares (shares) your own total assets Liabilities and capital (Fund) and capital (Fund) Basic II. Capital (Fund) to the secondary, including: – the excess of the value of sales (value) over the nominal value of the shares (the shares) III. Capital (Fund) from revaluation, including:-in respect of the fair value of the update IV. Other reserves (funds) reserve, including: – created in accordance with the agreement (Statute) of a company-shares (shares) your own v. profit (loss) brought forward VI. Net profit (loss) VII. Copies from the net profit during the financial year (negative value) b. liabilities and provisions for liabilities i. provisions for liabilities 1. The deferred income tax 2. Provision for pensions and similar – long-term – short-term 3. Other provisions – long-term – short-term II. Long-term liabilities 1. To related entities 2. To other units, in which the entity has involvement in the capital of 3. To other units and) loans and borrowings b) from the issue of debt securities c) other financial liabilities d) commitment Bill e) other III. Current liabilities


1. amounts owed to affiliated undertakings) in respect of supplies and services, with a period of maturity: – up to 12 months-over 12 months b) 2. Liabilities to other units, in which the body has a commitment to the capital a) in respect of supplies and services, with a period of maturity: – up to 12 months-over 12 months b) 3. Liabilities to other units and) loans and borrowings b) from the issue of debt securities c other financial liabilities) (d)) in respect of supplies and services, with a period of maturity: – up to 12 months – over 12 months e) advances received for supplies and services f) liability bills g) for taxes, duties, social and health insurance and other public h) salary and) the other 4. Special funds IV. Accruals 1. Negative goodwill 2. Other accrued income – long-term – short-term total liabilities profit and loss account (a variant of the spreadsheet) and. Net income from the sale of products, goods and materials, including:-from related entities and. Net income from the sale of products II. Net revenues from the sale of goods and materials (B). the cost of products sold, goods and materials, including:-related units and. Cost of sold products II. The value of goods and materials sold c. gross profit (loss) on sales (A-B) D. Selling expenses e. administrative expenses f. profit (loss) on sales (C-D-E) G. Other operating income and profit for non-financial retirement of fixed assets II. Subsidies III. Update the value of non-financial assets IV. Other operating income (H). Other operating expenses and. Loss issue of non-financial fixed assets II. Update the value of non-financial assets III. Other operating costs i. profit (loss) from operating activities (F + G-H) j. financial income and dividends and shares in profits, including: a) from affiliates, including: – in which the body has a commitment to capital b) from other units, including:-in which the entity has involvement in capital II. Interest, of which:-from related entities III. Profit for the issue of financial assets, including:-affiliated undertakings IV. Value adjustments of financial assets v. Other k. financial costs and interest, of which:-for related entities II. Loss of retirement financial assets, including:-in affiliated III. Value adjustments of financial assets IV. Other l. gross profit (loss) (I + J-K) m. income tax N. other mandatory reduction of profit (increased loss) net profit (loss) (L-M-N) (comparative variant) and the. Net sales and leveled with them, including:-from related entities and. Net income from the sale of products II. Status change (increase – positive value, decrease – negative value) III. The cost of the products for their own use unit IV. Net revenues from the sale of goods and materials, operating expenses and Depreciation. II. Consumption of materials and energy III. Services IV. Taxes and fees, including:-Excise v. Remuneration VI. Social security and other benefits, including:-retirement. Other generic costs VIII. The value of sold goods and materials (C). Profit (loss) on sales (A-B) D. Other operating income and profit for non-financial retirement of fixed assets II. Subsidies III. Update the value of non-financial assets IV. Other operating income E. Other operating costs. Loss issue of non-financial fixed assets II. Update the value of non-financial assets III. Other operating expenses f. profit (loss) from operating activities (C + D-E) g. financial income and dividends and shares in profits, including: a) from affiliates, including: – in which the body has a commitment to capital b) from other units, including:-in which the entity has involvement in capital II. Interest, of which:-from related entities III. Profit for the issue of financial assets, including:-affiliated undertakings IV. Value adjustments of financial assets v. Other h. financial costs and interest, of which:-for related entities II. Loss of retirement financial assets, including:-in affiliated III. Value adjustments of financial assets IV. Other and. gross profit (loss) (F + G-H) j. income taxes. Other mandatory reduction of profit (increased loss) L. net profit (loss) (I-J-K) statement of changes in capital (Fund) and capital (Fund) its own at the beginning of the period (BO)-change the accepted rules of accounting policies – correction of errors I.a. equity capital (Fund) its own at the beginning of the period (BO), after adjustments 1. Capital (Fund) to the beginning of the period 1.1. Changes of capital (Fund) of the primary and) increase (title) – issue of shares (shares). b) reduction in the (title)-redemption of shares (shares).

1.2. Capital (Fund) base at the end of the period of 2. Capital (Fund) reserve at the beginning of the period 2.1. Changes of capital (Fund) secondary and) increase (with title)-issuance of shares above par value-profit sharing (by law) – distribution of profit (more than required by law the minimum value) ... b) reduction in the (title)-loss coverage.

2.2. the State capital (Fund) reserve at the end of the period 3. Capital (Fund) from revaluation at the beginning of the period – changes to accepted rules of accounting policies 3.1. Changes of capital (Fund) from revaluation and) increase (for) ... b) reduction in the (title) – disposal of fixed assets.

3.2. Capital (Fund) from revaluation at the end of the period 4. Other reserves (funds) reserve at the beginning of the period 4.1. Changes the other capital (funds) and reserve) increasing (for) ... b) reduction in the (title) ...

4.2. Other reserves (funds) reserve at the end of the period 5. Profit (loss) brought forward at the beginning of the period 5.1. Profit from previous years at the beginning of the period – changes to accepted rules of accounting policies-error correction 5.2. Profit from previous years at the beginning of the period, after adjustments and) increase (title) – distribution of profit from previous years. b) reduction in the (title) ...

5.3. profit brought forward at the end of the period of 5.4. Loss brought forward at the beginning of the period – changes to accepted rules of accounting policies – correction of errors 5.5. Loss brought forward at the beginning of the period, after adjustments and) increase (with title)-the transfer of losses from previous years to cover ... b) reduction in the (title) ...

5.6. The loss from previous years at the end of the period of 5.7. Profit (loss) brought forward at the end of the period of 6. The net result of a) net profit b) net loss c) copies of the profit-sharing II. Capital (Fund) its own at the end of the period (BZ) III. Capital (Fund) own, after taking into account the proposed distribution of profit (coverage of loss) cash flows (direct method) a. cash flows from operating activities and receipts 1. Sale 2. Other receipts from operating activities II. Spending 1. Supplies and services 2. Net salary 3. Social and health insurance and other benefits 4. Taxes and fees of a special fund under public law 5. Other operating expenditure III. Net cash flow from operating activities (I-II) b. cash flows from investing activities and receipts 1. Disposal of intangible and tangible fixed assets 2. Disposal of investments in immovable property and intangible assets 3. With financial assets, including: a) in units of the associated b) in other units – the disposal of financial assets-dividends and shares in profits-repayment of granted long-term loans – interest – other income from financial assets 4. Other investment inflows II. Spending 1. Acquisition of intangible and tangible fixed assets 2. Investments in immovable property and intangible assets 3. For financial assets, including: a) in units of the associated b) in other units – the acquisition of financial assets-loans long term 4. Other capital expenditure III. Net cash flow from investing activities (I-II) c. cash flows from financing activities and receipts 1. Net proceeds from issue of shares (shares) and other capital instruments and capital aid for 2. Credits and loans 3. Issuance of debt securities 4. Other financial inflows II. Spending 1. Acquisition of shares (shares) your own 2. Dividends and other payments to owners 3. Other than payments to owners, profit-sharing expenses 4. Repayment of credits and loans 5. Redemption of debt securities 6. Other financial liabilities 7. Payment of finance lease contracts 8. Interest 9. Other financial expenses


III. Net cash flows from financing activities (I-II) d. net cash flow, total (URA.III +/-URB.III +/-URC.III) E. Carrying amount of change and cash, including:-change in cash and cash equivalents f. cash at the beginning of the period g. cash and cash equivalents at the end of the period (F +/-D), including:-with limited opportunities to dispose of (indirect method) a. cash flows from operating activities and. net profit (loss) II. Adjustment time 1. Depreciation 2. Gains (losses) from losses 3. Interest and profit sharing (dividends) 4. Profit (loss) from investment activities 5. Change in reserves 6. Variation in stocks 7. Change in receivables 8. Changing the State of current liabilities, excluding loans 9. Changing the State of accruals 10. Other adjustments III. Net cash flow from operating activities (I +/-II) b. cash flows from investing activities and receipts 1. Disposal of intangible and tangible fixed assets 2. Disposal of investments in immovable property and intangible assets 3. With financial assets, including: a) in units of the associated b) in other units – the disposal of financial assets-dividends and shares in profits-repayment of granted long-term loans – interest – other income from financial assets 4. Other investment inflows II. Spending 1. Acquisition of intangible and tangible fixed assets 2. Investments in immovable property and intangible assets 3. For financial assets, including: a) in units of the associated b) in other units – the acquisition of financial assets-loans long term 4. Other capital expenditure III. Net cash flow from investing activities (I-II) c. cash flows from financing activities and receipts 1. Net proceeds from issue of shares (shares) and other capital instruments and capital aid for 2. Credits and loans 3. Issuance of debt securities 4. Other financial inflows II. Spending 1. Acquisition of shares (shares) your own 2. Dividends and other payments to owners 3. Other than payments to owners, profit-sharing expenses 4. Repayment of credits and loans 5. Redemption of debt securities 6. Other financial liabilities 7. Payment of finance lease contracts 8. Interest 9. Other financial expenditures III. Net cash flows from financing activities (I-II) d. net cash flow (URA.III +/-URB.III +/-URC.III) E. Carrying amount of change and cash, including:-change in cash and cash equivalents f. cash at the beginning of the period g. cash and cash equivalents at the end of the period (F +/-D), including:-with limited opportunities to dispose of additional information and explanations include, in particular, : 1.1) detailed the scope of the changes in the value of generic groups of fixed assets, intangible assets and long-term investments, which contains the status of these assets at the beginning of the financial year, increase and decrease with the title: update the value, acquisition, issue, internal displacement and the final State, and for the capital cushion-like representation of States and titles change existing depreciation or amortisation;

2) amount made during the financial year write-downs of fixed assets on a long-term non-financial assets long-term financial assets;

3) the amount of the costs of completed development work, and the amount of the value of the company, as well as an explanation of their post, referred to respectively in article. 33 para. 3 and art. paragraph 44B. 10.

4) the value of land used in perpetuity;

5) the value of the nieamortyzowanych or nieumarzanych by the fixed assets used under lease agreements, leases and other agreements, including lease agreements;

6) the number and value of securities or rights, including certificates, convertible debentures, warrants and options, with an indication of the rights which they grant;

7) data on write-offs updating the value of debts, with an indication of the beginning of the financial year, the value of increases, the use of, and at the end of the financial year;

8) data on ownership structure of the share capital and the number and nominal value of the subscribed shares, including;

9) at the beginning of the financial year, increase and the use and final state capital (funds), and reserve capital (Fund) from revaluation, if the unit does not draw up a statement of changes in equity capital (Fund) their own;

10) related to profit or loss for the financial year;

11) data about the State of the reserves according to their creation at the beginning of the financial year, the value of increases, the use of, and the final State;

12) breakdown of long-term liabilities by balance sheet items remaining after the balance sheet date, the expected agreement, repayment period: (a)) up to 1 year, b) over 1 year to 3 years, c) over 3 to 5 years, d) over 5 years;

13) the total amount of the obligations secured by the assets of the unit with an indication of the nature and form of these securities;

14) a list of the important position of active and passive accruals, including the active accruals costs representing the difference between the value of the financial assets received and the obligation to pay for it;

15) where an asset or liability is carried at more than one position, the link between these positions; This applies in particular to the Division of duties and obligations on the part of long-term and short-term;

16) the total amount of contingent liabilities, including those provided by the unit guarantees, promissory note, not shown in the balance sheet, with an indication of the collateralized on the assets and the nature and form of such securities; separately it is necessary to demonstrate information about contingent liabilities in respect of pensions and similar benefits and to related entities or affiliates;

17) where the assets other than financial instruments are measured at fair value: a) the significant assumptions to determine the fair value, where the data received to determine this value does not come from an active market, b) for each category of asset other than a financial instrument, the fair value shown in the balance sheet, as well as, respectively, the effects of revaluations included in financial income or expense or referenced on capital (Fund) from revaluation in the reporting period , c) table changes in capital (Fund) from revaluation comprising the State capital (Fund) at the beginning and end of the reporting period, and its increase and decrease during the financial year.

2.1) the structure of the venue (activities) and territorial (geographic) net revenue from sales of goods and products, in so far as these types of markets and significantly differ from each other, taking into account the principles of organisation of the sale of products and the provision of services;

2) in the case of units that draw up the profit and loss account in spreadsheet, data about the cost of manufacture of the products for their own use and of the cost of generics: a) depreciation, b) consumption of materials and energy, c), (d)) taxes and charges, e) salaries, f) insurance and other benefits, including pension, g) the other generic costs;

3) height and explaining the reasons for impairment of fixed assets;

4) the amount of the impairment value of stocks;

5) information about revenues, costs and results of discontinued operations in the financial year or for omissions in the following year;

6) difference between the taxable income tax and financial result (profit, loss);

7) production cost of fixed assets under construction, including interest and exchange rate differences, which increased the cost of fixed assets under construction in the fiscal year;

8) interest and foreign exchange differences, which increased the purchase price of the goods or the cost of products in the financial year;

9) incurred in the last year and planned for the next year expenditure on non-financial fixed assets; separately it is necessary to demonstrate incurred and planned expenditure on the protection of the environment;

10) the amount and nature of the specific items of income or expense of extraordinary value, or that occurred incidentally.

3. For items in the financial statements expressed in foreign currency – courses accepted for their valuation.

4. Explain the structure of funds accepted for cash flow, and where the cash flow statement is drawn up by the direct, in addition, you must provide a reconciliation of the net cash flows from operating activities, drawn up method of indirect; in case of differences between the changes in the status of certain items in the balance sheet and changes in the same position as indicated in the cash flow statement, explain their reasons.


5. Information about: 1) the nature and purpose of the economic unit of the contracts that are not included in the balance sheet to the extent necessary for the evaluation of their impact on the situation of the assets, financial and financial results;

2) transactions (together with their amounts) contained by the unit on different terms than the market with related parties, by which is understood related entities defined in the international accounting standards adopted in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards, together with the information specifying the nature of the relationship with related parties and other information about the transactions necessary for an understanding of their impact on the situation of the property , financial and financial result. Information about individual transactions may be grouped according to their type, except in the case of information about individual transactions are necessary for the evaluation of their impact on the situation of the assets, financial and financial results;

3) average during the financial year, broken down by occupational groups;

4) remuneration, including remuneration with profit, paid or due to part of the governing bodies, supervisory or administrative company (for each group separately) for the financial year and any obligations arising from pensions and similar benefits for former members of those bodies or commitments entered into in connection with pensions, with an indication of the total for each category of authority;

5) amounts of advances, loans, loans and benefits of a similar nature granted to divulge the composition of the governing bodies, supervisory bodies and administrative units, with an indication of their main conditions, the rate and any sums paid, written off or forgiven, as well as commitments entered into on their behalf by way of guarantees of any kind, with an indication of the total for each of these bodies;

6) remuneration of the statutory auditor or the entity authorised to audit financial statements, paid or payable for the financial year separately: a) mandatory examination of the annual financial statements, (b)) other services certifying c) tax consultancy services, d) other services.

6.1) information about income and expenses arising from mistakes made in previous years of the financial year on capital (Fund) its own indicating their amounts or kind;

2) information about significant events that occurred after the balance sheet date, and that are not included in the financial statements and their impact on the situation of the assets, financial and financial results;

3) the presentation made in the fiscal year change in accounting policies, including methods of valuation, if they have a significant impact on the situation of the assets, financial and financial result of the units, their causes and due to changes in the amount of profit, and changes in capital (Fund), and change the way financial report with an indication of its causes;

4) numerical information, together with an explanation, to ensure comparability of data of the financial statements for the year preceding the report for the financial year.

7.1) information about the joint ventures, which are not subject to consolidation, including: a) the name of the joint venture, b) percentage, c) part of the jointly controlled assets, plant and equipment and intangible assets, d) commitments entered into for the purposes of the project or purchase of used tangible assets, e) part of the commitments jointly entered into, f) revenues derived from the joint venture and the costs associated with them , g) contingent liabilities and investment of the joint venture;

2) information about transactions with related parties;

3) list of companies (name, seat), in which the body has a commitment to the capital or 20% of the total number of votes in the body which the company; This list should also include information about the percentage of your involvement in the capital and the amount of equity and net profit or loss of these companies for the last financial year;

4) if the unit does not draw up consolidated financial statements using the exemptions or exclusions, the following information: a) the legal basis along with data justifying the exemption from consolidation, b) name and the headquarters of the undertaking which draws up the consolidated financial statements at a higher level of capital group and its publication, c) basic financial indicators, characterizing the activities of related entities in a given and last year, such as: – the net revenues from the sale of products , goods and materials and financial income,-net result and the amount of capital (Fund), broken down by group-the value of the assets – average annual employment, (d)) of a kind used accounting standards (national or international) by related parties;

5) the following information: a) the name and the seat of the undertaking which draws up the consolidated financial statements at the highest level of the group, composed of the company as a subsidiary, and the place where the report is available, (b)) and the headquarters of the undertaking which draws up the consolidated accounts for the lowest group level, which includes the company as a subsidiary, and the place where it is available;

6) the name, address of the registered office of the Board of directors or registered office and the legal form of each of the units, where the unit is a member having unlimited liability.

8. in the case of a report drawn up for the period during which the connection: 1) if the connection has been cleared by the acquisition of a) company and a description of the objects of the company acquired, b) number, nominal value and type of shares (shares) issued to the connection (c)) the price of the acquisition, the net asset value at fair value the company acquired on the day of the call, goodwill or negative goodwill and a description of its policy;

2) if connection was cleared by a uniting of interests: a) and the description of the objects of the company as a result of the connections are deleted from the register, (b)) the number, nominal value and type of shares (shares) issued in order to connect, c) income and expenses, gains and losses and changes in equity for the period from the companies combined their beginning of the financial year, during which the connection to the connection.

9. In the case of uncertainty as to the ability to continue its operations, description of these uncertainties and a statement that such uncertainty occurs and whether the financial statements include adjustments associated with it; the information should also include a description of the measures taken or planned by the activities aimed at the Elimination of uncertainty.

10. Other information than those listed above, if they could materially affect the assessment of the assets and financial and earnings of the entity.

Annex 2. [SCOPE of INFORMATION INCLUDED in the financial statements, as referred to in article 45 of the ACT, for the BANKS]

Appendix 2 scope of INFORMATION INCLUDED in the financial statements referred to in article 2. 45 of the ACT, for BANKS introduction to financial statements include the information specified in the regulations issued on the basis of art. 81 paragraphs 1 and 2. 2, point 8 (b). and law balance of Assets and cash, the Central Bank operations 1. In the current account 2. Reserve requirement 3. Other measures II. Debt securities eligible for rediscounting with the Central Bank III. Receivables from financial sector 1. In the current account 2. Term IV. Claims on non-financial sector 1. In the current account 2. Forward V. Receivables from financial sector 1. In the current account 2. Forward VI. Trade receivables purchased securities with reverse repurchase agreements VII. Debt securities 1. Banks 2. The State budget and the budgets of the field 3. The rest of the VIII. Shares or shares in subsidiaries 1. Financial institutions 2. In other units IX. Shares or stocks in units of interdependent 1. Financial institutions 2. In the other units of X. Shares or shares in associates 1. Financial institutions 2. In the other units. Shares or shares in other entities 1. Financial institutions 2. In the other units. Other securities and other financial assets. Intangible assets, of which:-the value of the company. Tangible assets. Other assets 1. Seized assets-to dispose of 2. The rest of the 16TH CENTURY. Accruals 1. Deferred tax assets 2. Other accruals and the 17TH. Deposit payable on capital (Fund), the primary 18TH. Treasury shares total assets Liabilities and liabilities to Central Bank


II. Liabilities to financial sector 1. In the current account 2. Term III. Liabilities to the non-financial sector 1. Savings accounts, including: a) the current b) timely 2. The rest, including: a) the current b) timely IV. Commitment to budget sector 1. The current 2. Term v. liabilities securities sold with repurchase agreements VI. The issue of debt obligations on securities VII. Other liabilities arising from financial instruments VIII. Special funds and other liabilities IX. Costs and revenues settled in time and reserved 1. Accrued expenses 2. Negative goodwill 3. Other accrued income and reserved x. Provisions 1. The deferred income tax 2. Other reserves XI. Subordinated liabilities XII. Capital (Fund) base. Capital (Fund) to the secondary. Capital (Fund) from revaluation. Other reserves (funds) reserve 1. Fund for general banking risks 2. The rest of the 16TH CENTURY. Profit (loss) from previous years. Net profit (loss) of the 18TH. Copies from the net profit during the financial year (negative value) total liabilities and off-balance-sheet items solvency ratio. Contingent liabilities granted and received 1. Liabilities granted: a) financial b) warranty 2. Commitments received: a) financial b) warranty II. Obligations related to the implementation of the operations of purchase/sale III. The rest of the profit and loss account and interest income 1. From the financial sector 2. From the non-financial sector 3. From the financial sector 4. With fixed-income securities II. Interest expense 1. From the financial sector 2. From the non-financial sector 3. From the financial sector III. Net interest income (I-II) IV. Revenue from the commissions V. Cost of Commission VI. The result of the commissions (IV-V) VII. Income from shares, other securities and other financial instruments, variable-yield 1. From dependent units 2. Correlative units 3. From associates 4. From other units VIII. Result on financial operations 1. Securities and other financial instruments 2. The other IX. The result of the replacement position X. the result of banking activity XI. Other operating income XII. Other operating expenses. Operating costs of the Bank 1. Salary 2. Insurance and other benefits 3. Other XIV. Depreciation of tangible assets and intangible assets. Deductions on reserves and value adjustments 1. Copies of the provisions and General Bank risk 2. Value adjustments of financial assets XVI. The solution of reserves and value adjustments 1. Solution provisioning and reserves for general banking risks 2. Value adjustments of financial assets XVII. The difference of and update (XV-XVI) XVIII. Result of operating activities. The result of the operation of emergency 1. Windfall gains 2. Extraordinary losses XX. Gross profit (loss) of the 21ST. Income tax XXII. Other obligatory profit reduction (increase) XXIII. Net profit (loss) statement in changes in capital 2005 (Fund) and capital (Fund) its own at the beginning of the period (BO)-correction of errors of basic II. Capital (Fund) its own at the beginning of the period (BO), after adjustments 1. Capital (Fund) to the beginning of the period 1.1. Changes of capital (Fund) of the primary and) increase (with title)-issuance of shares ... b) reduce ()-redemption of shares.

1.2. Capital (Fund) base at the end of the period of 2. Capital (Fund) reserve at the beginning of the period 2.1. Changes of capital (Fund) secondary and) increase (with title)-issuance of shares above par value-profit sharing (by law) – distribution of profit (more than required by law the minimum value) ... b) reduce ()-loss coverage.

2.2. Capital (Fund) reserve at the end of the period 3. Capital (Fund) from revaluation at the beginning of the period 3.1. Changes of capital (Fund) from revaluation and) increase (for) ... b) reduction in the (title)-sale or disposal of fixed assets.

3.2. Capital (Fund) from revaluation at the end of the period 4. Fund for general banking risks at the beginning of the period 4.1. Changes to the Fund for general banking risks and) increase (for) ... b) reduction in the (title) ...

4.2. Fund for general banking risks at the end of the period 5. Other reserves (funds) reserve at the beginning of the period 5.1. Changes the other capital (funds) reserve a) increase (for) ... b) reduction in the (title) ...

5.2. Other reserves (funds) reserve at the end of the period of 6. Profit (loss) brought forward at the beginning of the period 6.1. Profit from previous years at the beginning of the period – correction of errors of Basic 6.2. Profit from previous years at the beginning of the period, after adjustments to 6.3. Change your profit from previous years and) increase (title) – distribution of profit from previous years. b) reduction in the (title) ...

6.4. profit brought forward at the end of the period of 6.5. Loss brought forward at the beginning of the period – correction of errors of Basic 6.6. Loss brought forward at the beginning of the period, after adjustments to 6.7. Change of loss from previous years and) increase (with title)-the transfer of losses from previous years to cover ... b) reduction in the (title) ...

6.8. The loss from previous years at the end of the period of 6.9. Profit (loss) brought forward at the end of the period of 7. The net result of a) net profit b) net loss c) deductions from profit III. Capital (Fund) its own at the end of the period (BZ) IV. Capital (Fund) its own after taking into account the proposed distribution of profit (coverage of loss) cash flows (direct method) a. cash flows from operating activities and receipts 1. Interest 2. Commissions 3. Other operating revenues II. Spending 1. Interest 2. Commissions 3. Pay 4. Insurance and other benefits 5. Other operating costs the Bank 6. Taxes and fees of a special fund under public law 7. Other operating expenditure III. Net cash flow from operating activities (I-II) b. cash flows from investing activities and receipts 1. The transfer of shares or of shares in subsidiaries 2. The transfer of shares or shares in units of interdependent 3. The transfer of shares or of shares in associates 4. The transfer of shares or shares in other units, the other securities (including commercial) and other financial assets 5. Disposal of intangible and tangible fixed assets 6. Other investment inflows II. Spending 1. The acquisition of shares in subsidiaries 2. The acquisition of shares in units of interdependent 3. The acquisition of shares in associates 4. The acquisition of shares in other units, other securities and other financial assets (investment) 5. Acquisition of intangible and tangible fixed assets 6. Other capital expenditure III. Net cash flow from investing activities (I-II) c. cash flows from financing activities and receipts 1. Taking out long-term loans from other banks 2. Taking out long-term loans from other financial institutions than banks 3. Issuance of debt securities to other financial institutions 4. Increase the State subordinated liabilities 5. Net proceeds from issuance of shares and capital aid for 6. Other financial inflows II. Spending 1. Repayment of long-term loans to other banks 2. Repayment of long-term loans to non-banks financial institutions 3. Redemption of debt securities from other financial institutions 4. Other financial liabilities 5. Payment of finance lease contracts 6. Decrease in subordinated liabilities 7. Dividends and other payments to owners of 8. Other than payments to owners, expenditure under profit sharing 9. Acquisition of own shares 10. Other financial expenditures III. Net cash flows from financing activities (I-II) d. net cash flow, total (URA.III +/-URB.III +/-URC.III) e. balance sheet cash status change, including change in cash and cash equivalents f. cash at the beginning of the period g. cash and cash equivalents at the end of the period (F +/-D), including, with limited possibilities for disposal (indirect method) a. cash flows from operating activities and. net profit (loss) II. Correction time: 1. Depreciation 2. Gains (losses) from losses 3. Interest and profit sharing (dividends) 4. Profit (loss) from investment activities 5. Change in reserves 6. Change of State debt securities 7. Change in receivables from financial sector 8. Change in receivables from the non-financial sector and the financial sector


9. Change in Receivables in respect of purchased securities with reverse repurchase agreements 10. Change of State shares, other securities and other financial assets (commercial) 11. Changing the State of the financial sector liabilities 12. Change of State obligations to non-financial sector and the financial sector 13. Changing the State of obligations in respect of securities sold with repurchase agreements 14. Change of State securities liabilities 15. Changing the State of other liabilities 16. Changing the State of accruals 17. Changing the State of revenues of future periods and reserved 18. Other adjustments III. Net cash flow from operating activities (I +/-II) b. cash flows from investing activities and receipts 1. The transfer of shares or of shares in subsidiaries 2. The transfer of shares or shares in units of interdependent 3. The transfer of shares or of shares in associates 4. The transfer of shares or shares in other units, other securities and other financial assets (investment) 5. Disposal of intangible and tangible fixed assets 6. Other investment inflows II. Spending 1. The acquisition of shares in subsidiaries 2. The acquisition of shares in units of interdependent 3. The acquisition of shares in associates 4. The acquisition of shares in other units, other securities and other financial assets (investment) 5. Acquisition of intangible and tangible fixed assets 6. Other capital expenditure III. Net cash flow from investing activities (I-II) c. cash flows from financing activities and receipts 1. Taking out long-term loans from other banks 2. Taking out long-term loans from other financial institutions than banks 3. Issuance of debt securities to other financial institutions 4. Increase the State subordinated liabilities 5. Net proceeds from issuance of shares and capital aid for 6. Other financial inflows II. Spending 1. Repayment of long-term loans to other banks 2. Repayment of long-term loans to non-banks financial institutions 3. Redemption of debt securities from other financial institutions 4. Other financial liabilities 5. Payment of finance lease contracts 6. Decrease in subordinated liabilities 7. Dividends and other payments to owners of 8. Other than payments to owners, expenditure under profit sharing 9. Acquisition of own shares 10. Other financial expenditures III. Net cash flows from financing activities (I-II) d. net cash flow, total (URA.III +/-URB.III +/-URC.III) e. balance sheet cash status change, including change in cash and cash equivalents f. cash at the beginning of the period g. cash and cash equivalents at the end of the period (F +/-D), this is limited to dispose of additional information and explanations include the information specified in the regulations issued on the basis of art. 81 paragraphs 1 and 2. 2, point 8 (b). (a) of the Act.

Annex 3. [SCOPE of INFORMATION INCLUDED in the financial statements, as referred to in article 45 of the ACT, for INSURANCE UNDERTAKINGS and REINSURANCE UNDERTAKINGS]

Annex # 3 scope of INFORMATION INCLUDED in the financial statements referred to in article 2. 45 of the ACT, for INSURANCE UNDERTAKINGS and REINSURANCE UNDERTAKINGS [20] Introduction includes the information specified in the regulations issued on the basis of art. 81 paragraphs 1 and 2. 2 paragraph 6 of Act balance of Assets a. intangible assets 1. The value of the company 2. Other intangible assets and advances intangible assets B. Investments and property 1. Land your own and perpetual land use 2. Buildings, structures and cooperative ownership right to the premises 3. Construction investments and advances these investments II. Investments in subordinated units 1. Shares or shares in subordinated units 2. Loans granted to individuals as affiliate and debt securities issued by entities 3. The remaining investments III. Other financial investments 1. Shares, stocks and other variable-yield securities and units and investment certificates in investment funds 2. Debt securities and other fixed-income securities 3. Interests in joint ventures investment 4. Secured loan with a mortgage of 5. Other loans 6. Term deposits with credit institutions 7. Other investments IV. Deposit claims from ceding undertakings C. Net assets of life insurance, if investment risk (investment) shall be borne by the policy holder (D). And. Debtors arising out of direct insurance 1. Receivables from policyholders, including: 1.1. From the subordinate units 1.2. From other units 2. Receivables from insurance intermediaries, including: 2.1. From the subordinate units 2.2. From other units 3. Other charges 3.1. From the subordinate units 3.2. From other units of the II. Receivables arising out of reinsurance, including: 1. From the subordinated units 2. From other entities III. Other receivables 1. Receivables from the budget 2. Other receivables, including: 2.1. From the subordinate units 2.2. From other units E. other assets and tangible assets II. Cash and cash equivalents III. Other assets F. Accruals and deferred tax assets. II. Activated acquisition costs III. I.accrued IV. Other accruals and G. Due payment on capital H. Treasury shares total assets Liabilities a. equity I. Capital II. Capital reserve III. Revaluation reserve IV. Other reserves v. profit (loss) brought forward VI. Net profit (loss) VII. Copies from the net profit during the financial year (negative value) b. subordinated liabilities c. technical provisions-insurance and provision for unexpired risk reserve contributions and (II). Life assurance provision III. The provision for outstanding claims and benefits. Reserve for bonuses and discounts for insured v. equalisation Reserves (risk) VI. Reserve for reimbursement of contributions for members of the VII. Other technical provisions-insurance referred to in the Statute of the VIII. Life assurance provision where the investment risk (investment) shall be borne by the policy holder (D). The reinsurers in technical provisions-insurance (negative value) and reinsurers in reserve and reserve for unexpired risk II. The reinsurers in the reserve life insurance III. The reinsurers in the reserve for claims and the provision of IV. The reinsurers in the reserve for bonuses and discounts for insured v. reinsurers in the other technical provisions-insurance laid down in the Statute. Reinsurers life insurance reserve when the investment risk (investment) shall be borne by the policyholder e. Estimated regresy and recoveries (negative value) 1. Estimated regresy and gross recoveries 2. Reinsurers estimated regresach and odzyskach (F). Other provisions and reserves for pension benefits and other compulsory employees II. The deferred tax liability III. Other provisions g. trade payables deposits received from reinsurers H. Other Payables and special funds and commitments arising out of direct insurance 1. Liabilities to policyholders, including: 1.1. To subordinate units 1.2. To other units 2. Commitment to insurance intermediaries, including: 2.1. To subordinate units 2.2. To other units 3. Other insurance liabilities, including: 3.1. To subordinate entities 3.2. To the remaining units of the II. Obligations arising out of reinsurance, including: 1. To subordinated units 2. To other entities III. Commitments from the issue their own debt securities and loans you've downloaded, including: 1. convertible into shares of the insurance undertaking 2. The rest of the IV. Amounts owed to credit institutions V. Other obligations 1. Liabilities to the budget 2. Other liabilities 2.1. To subordinate units 2.2. To the remaining units of the VI. Special funds and accruals 1. Accrued expenses 2. Negative goodwill 3. Accrued income total liabilities off-balance-sheet items 1. Contingent claims, including: 1.1. received guarantees and sureties 1.2. the other 2. Contingent liabilities, including: 2.1. given the guarantees and warranties 2.2. acceptances and endorsed 2.3. the assets of the undertaking resale 2.4. other liabilities secured on assets or income


3. the reinsurance Security laid down in favor of an insurance undertaking 4. The reinsurance protection laid down by the insurance company for the ceding undertakings 5. Foreign assets are not included in the assets of the excess (deficiency) of own funds to cover solvency margin the amount of insurance technical reserves amount of assets covering technical provisions-insurance Excess (deficiency) of assets covering technical provisions-insurance-life insurance technical account and. Premiums (1-2-3 + 4) 1. Gross premiums 2. The reinsurers share of the premiums assigned 3. Change in reserves and provisions for risks together with the gross 4. Reinsurers ' share change in premium provisions II. Investment income, net after taking into account costs, moved from the General profit and loss account III. Other technical income on the net amount IV. Compensation and benefits (1 + 2) 1. Compensation and benefits paid to the participation of its own 1.1. Compensation and benefits paid gross 1.2. The reinsurers in the compensation and benefits paid 2. Change the status of the reserve for outstanding claims, and to provide for the participation of its own 2.1. Change in reserves for outstanding claims and gross 2.2. Reinsurers ' share change in the provisions for outstanding claims and benefits v. change the State of the other technical provisions-insurance on the net amount 1. Changes in other technical provisions gross insurance 2. Reinsurers ' share change in other technical provisions-insurance VI. Bonuses and rebates on its own share, including changing the State of the reserves. The cost of the business of insurance 1. Acquisition costs 1.1. In this state-change activated acquisition costs 2. Administration costs 3. Reinsurance commissions and participation in profits reinsurers VIII. Other technical charges to the net amount. Change the status of the Equalization reserves (risk of) X. the result of the technical personal non-life insurance technical account-life-assurance business and Contributions 1. Gross premiums 2. The reinsurers share of gross premiums assigned 3. Change in reserves against outstanding risks and premiums gross 4. Reinsurers ' share change in premium provisions II. Investment income 1. Investment income in real estate 2. Investment income in units subordinated 2.1. of shares 2.2. loans and debt securities 2.3. other deposits 3. Income from other financial investments 3.1. with shares, shares, other variable-yield securities and units and investment certificates in investment funds 3.2. from debt securities and other fixed-income securities 3.3. the term deposits with credit institutions 3.4. other deposits 4. Positive value adjustments on investments 5. A positive result from the implementation of investments III. Unrealised gains on investments IV. Other technical income on the net amount V. Compensation and benefits 1. Compensation and benefits paid to the participation of its own 1.1. Compensation and benefits paid gross 1.2. The reinsurers in the compensation and benefits paid 2. Change in reserves for outstanding claims, and to provide for the participation of its own 2.1. Gross reserves of 2.2. Reinsurers VI. Changing the State of other technical provisions-insurance on the net amount 1. Changing the State of reserves in life insurance on his own participation 1.1. Gross reserves of 1.2. on reinsurance share 2. Changing the State of insurance technical reserves on the net amount for life insurance, if investment risk shall be borne by the policyholder 2.1. Gross reserves of 2.2. on the participation of reinsurers 3. Changing the State of other insurance technical provisions laid down in the statutes on the net amount 3.1. Gross reserves of 3.2. on the participation of reinsurers. Bonuses and rebates including changing the provision for the participation of its own. The cost of the business of insurance 1. Acquisition costs 1.1. In this state-change activated acquisition costs 2. Administration costs 3. Reinsurance commissions and profit sharing. The cost of charges 1. The costs of maintaining the property 2. Other investment income 3. Negative value adjustments of investments 4. A negative result from the implementation of investments X. Unrealised losses on investments. Other technical charges to the net amount. Investment income, net after taking into account costs, transferred to the overall profit and loss account. The Technical result life insurance General profit and loss account and Technical result property insurance and life insurance or II. Investment income 1. Investment income in real estate 2. Investment income in units subordinated 2.1. with shares and stock 2.2. loans and debt securities 2.3. other deposits 3. Income from other financial investments 3.1. with shares, shares, other variable-yield securities and units and investment certificates in investment funds, 3.2. from debt securities and other fixed-income securities 3.3. the term deposits with credit institutions 3.4. other deposits 4. Positive value adjustments on investments 5. A positive result from the implementation of investments III. Unrealised gains on investments IV. Investment income, net after taking into account costs, moved from the technical account life insurance v. Costs charges 1. The costs of maintaining the property 2. Other investment income 3. Negative value adjustments of investments 4. A negative result from the implementation of the investment. Unrealised losses on investments VII. Investment income, net after taking into account costs, transferred to the technical account non-life insurance and personal. Other operating income IX. Other operating expenses X. Profit (loss) from operating activities. Extraordinary XII. Extraordinary loss. Gross profit (loss). The income tax. Other obligatory profit reduction (increase). Net profit (loss) statement of changes in equity and equity at the beginning of the period (because) is a fundamental correction of errors I.a. equity at the beginning of the period (BO), after adjustments 1. Core capital at the beginning of the period 1.1. Changes in share capital a) increase (with title)-issuance of shares-... b) reduction in the (title)-redemption of shares-...

1.2. Core capital at the end of the period of 2. (repealed)

3. (repealed) 4. Capital reserve at the beginning of the period 4.1. Changes in reserve capital a) increase (with title)-issuance of shares above par value-profit sharing (by law) – distribution of profit (more than required by law the minimum value) is a ... b) reduction in the (title)-loss coverage-...

4.2. Capital reserve at the end of the period 5. Revaluation reserve at the beginning of the period 5.1. Changes in revaluation capital a) increase (for) ... b) reduction in the (title) – disposal of fixed assets.

5.2. the revaluation at the end of the period of 6. Other reserves at the beginning of the period 6.1. Changes in other reserves and) increase (for) ... b) reduction in the (title)-...

6.2. Other reserves at the end of the period of 7. Profit (loss) brought forward at the beginning of the period 7.1. Profit from previous years at the beginning of the period – correction of errors essential 7.2. Profit from previous years at the beginning of the period, after adjustments and) increase (title) – distribution of profit from previous years. b) reduction in the (title)-...

7.3. profit brought forward at the end of the period of 7.4. Loss brought forward at the beginning of the period – correction of errors of basic 7.5. Loss brought forward at the beginning of the period, after adjustments and) increase (with title)-the transfer of losses from previous years to cover ... b) reduction in the (title) 7.6. Loss brought forward at the end of the period of 7.7. Profit (loss) brought forward at the end of the period 8. The net result of a) net profit b) net loss c) copies of the profit-sharing II. Equity at the end of the period (BZ) III. Equity after taking into account the proposed distribution of profit (coverage of loss) cash flows (direct method) a. cash flows from operating activities and receipts 1. The proceeds from the direct business and reinsurance active 1.1. Influence of gross premiums 1.2. Influence of recourses, recoveries and compensation to 1.3. The remaining proceeds from the direct business 2. The proceeds of reinsurance passive 2.1. Reinsurance deposit for participation in the compensation 2.2. Revenue from the commissions for reinsurance and reinsurance profit 2.3. The remaining proceeds of reinsurance, passive voice 3. The proceeds from the remaining operational activities 3.1. Influence of operations emergency Commissioner


3.2. The disposal of intangible and tangible assets, other than investment 3.3. Other revenues II. Spending 1. Expenditure in respect of direct business and reinsurance undertakings active 1.1. Phrases of gross premiums 1.2. Compensation and benefits paid gross of 1.3. Expenditure in respect of acquisition of 1.4. Administrative expenditure of 1.5. Loss adjustment expenses and vindication of recourses 1.6. Paid commissions and shares in the profits of the active reinsurance 1.7. Other expenses of direct business and reinsurance active 2. Expenditure arising out of reinsurance passive 2.1. Reinsurance premiums paid 2.2. Other expenditure from passive reinsurance 3. Expenditure from the remaining operational activities 3.1. Expenditure under the emergency Commissioner steps 3.2. Acquisition of intangible and tangible assets, other than investment 3.3. Other operating expenditure III. Net cash flow from operating activities (I-II) b. investment income Flows and receipts 1. Disposal of property 2. The transfer of shares, shares in subordinated units 3. The transfer of shares, shares, other units and units and investment certificates in investment funds 4. The implementation of debt securities issued by the subordinated units and the repayment of loans granted to undertakings 5. The implementation of debt securities issued by other entities 6. The liquidation of fixed-term deposits with credit institutions 7. Implementation of other investments 8. Proceeds from real estate 9. Interest received 10. Dividends received 11. The remaining proceeds from the investments II. Spending 1. Acquisition of property 2. Acquisition of shares, shares in subordinated units 3. Acquisition of shares, shares in other units and units, and investment certificates in investment funds 4. The acquisition of debt securities issued by the subordinated units and loans to undertakings 5. The acquisition of debt securities issued by other entities 6. Purchase term deposits with credit institutions 7. Acquisition of other investments 8. Expenditure on the maintenance of real property 9. Other expenditure on investments III. Net cash flows from investment income (I-II) c. cash flows from financing activities and receipts 1. Net proceeds from issuance of shares and capital aid for 2. Loans and debt securities 3. Other financial inflows II. Spending 1. Dividends 2. Other than that, the payment of dividends, profit-sharing expenses 3. Acquisition of own shares 4. The repayment of loans, borrowings and redemption of own debt securities 5. Interest on loans, loans and debt securities issued 6. Other financial expenses III. Net cash flows from financing activities (I-II) d. net cash flow, total (URA.III +/-URB.III +/-URC.III) e. balance sheet change cash, including:-change in cash and cash equivalents f. cash at the beginning of the period g. cash and cash equivalents at the end of the period (F +/-D), including:-with limited opportunities to dispose of additional information and explanations include the information specified in the regulations issued on the basis of art. 81 paragraphs 1 and 2. 2 section 6 of the Act.

Annex 4. [SCOPE of INFORMATION INCLUDED in the financial statements, as referred to in article 45 of the ACT, for MICRO-UNITS]

Appendix 4 the SCOPE of INFORMATION INCLUDED in the financial statements referred to in article 2. 45 of the ACT, for MICRO-General information: 1) company, Head Office and address or place of residence and address, and the number in the right court register or records, 2) an indication of the duration of the activities of the entity, if limited, 3) an indication of the period covered by the financial statements, 4) an indication of the applied accounting principles provided for the micro detailing selected simplifications, 5) an indication as to whether the financial statements were prepared assuming continuation of economic activity by the enterprise in the foreseeable future, and whether there are circumstances indicating a threat continue its activities, 6) overview of the accepted rules of accounting policies, including the valuation methods of assets and liabilities (including depreciation), the measurement of profit and how to draw up financial statements to the extent that the Act leaves the unit of choice.

Balance sheet Assets a. fixed assets, including fixed assets b. current assets, including:-stocks-short-term receivables c. Due payment on capital (Fund) basic D. Shares (shares) your own total assets Liabilities and capital (Fund) own, including: – capital (Fund) Basic-(repealed) b. liabilities and provisions for liabilities, including:-provisions for liabilities – obligations in respect of loans and advances total liabilities supplemental information to the balance sheet : 1) the amount of any financial commitments, including debt financial instruments, guarantees and sureties or contingent liabilities not included in the balance sheet, with an indication of the nature and form of the claims secured by collateral; any commitments concerning pensions and affiliated undertakings or associates are disclosed separately, 2) the amount of advances and credits granted to the members of the administrative, management and supervisory bodies, with indications of the interest rates, main conditions and any amounts repaid, written off or forgiven, as well as commitments entered into on their behalf by way of guarantees of any kind, with an indication of the total for each category, 3) shares (the shares) of its own including: a) reason for acquisition of shares (shares) of its own in the fiscal year, (b)) the number and nominal value of acquired and disposed of during the financial year, of shares (shares), and in the absence of a nominal value, their accounting value, as well as part of the core capital, which shares (shares) represent, c) in the case of acquisition or disposal for consideration, the equivalent of those shares (shares), d) the number and nominal value or in the absence of a nominal value, the accountable par of the shares (shares) acquired and retained, as well as part of the core capital, which shares (shares) represent.

Profit and loss account and the base of operations. and aligned with them, including a state change (increase – positive value, decrease – negative value) b. base Costs operating activities: Depreciation (II). Consumption of materials and energy III. Remuneration, social security and other benefits. Other costs (C). Other income and gains, including value adjustments of assets (D). The other costs and losses, including value adjustments of assets E. Income tax F. Net profit/loss (A-B + C – D – E) (for micro entities referred to in article 3 1a paragraph 1, 3 and 4 and paragraph 1(b) of the Act) or G. total net financial result (A-B + C – D – E) , including: i. Surplus revenue over costs (positive value) II. The excess of costs over income (negative value) (for micro-entities, referred to in article 3, paragraph 1a, point 2 of the Act).

Appendix 5. [SCOPE of INFORMATION INCLUDED in the financial statements, as referred to in article 45 of the ACT, for SMALL UNITS that use SIMPLIFICATIONS RELATING to FINANCIAL STATEMENTS]

Appendix 5 SCOPE of INFORMATION INCLUDED in the financial statements referred to in article 2. 45 of the ACT, for SMALL UNITS that use SIMPLIFICATIONS RELATING to FINANCIAL STATEMENTS Introduction the financial statements shall include, in particular: 1) company, registered office and address or place of residence and address, and the number in the right court register or records;

2) an indication of the duration of the activities of the entity, if it is limited;

3) an indication of the period covered by the report;

4) indication applied simplifications provided for for small units;

5) an indication as to whether the financial statements were prepared assuming continuation of economic activity by the enterprise in the foreseeable future, and whether there are circumstances indicating a threat to continue its activities;

6) overview of the accepted rules of accounting policies, including the valuation methods of assets and liabilities (including depreciation), determine the result and how to draw up financial statements to the extent that the Act leaves the unit of choice.

Balance sheet Assets a. fixed assets and intangible assets II. Tangible fixed assets, including:-fixed assets-fixed assets under construction III. Long-term receivables IV. Long term investments, including: – real estate – financial assets v. Long-term prepayments b. current assets i. Inventories II. Short-term receivables, including: a) in respect of supplies and services, including: – up to 12 months-above 12 months III. Short-term investments, including:


a) short-term financial assets, including:-cash in hand and balances IV. Short-term accruals c. Due payment on capital (Fund) basic D. Shares (shares) your own total assets Liabilities and capital (Fund) and capital (Fund) Basic II. Capital (Fund) to the secondary, including: – the excess of the value of sales (value) over the nominal value of the shares (the shares) III. Capital (Fund) from revaluation, including:-in respect of the fair value of the update IV. Other reserves (funds) reserves v. profit (loss) brought forward VI. Net profit (loss) VII. Copies from the net profit during the financial year (negative value) b. liabilities and provisions for liabilities i. provisions for liabilities, including:-the provision for pensions and similar II. Long-term liabilities, including:-in respect of loans and advances III. Current liabilities, including: a) in respect of loans and advances (b)) in respect of supplies and services, including: – up to 12 months – over 12 months (c)) special funds IV. Accruals total liabilities profit and loss account (a variant of the spreadsheet) and. Net income from the sale of products, goods and materials (B). the cost of products sold, goods and materials C. Selling costs d. administrative expenses E. Profit (loss) on sales (A-B-C-D) (F). other operating income, including:-update the value of non-financial assets G. Other operating expenses, including:-update the value of non-financial assets H. Financial income , including: i. Dividends and shares in profits from the units, in which the body has a commitment to equity, including:-from related entities in which the entity has involvement in capital II. Interest, of which:-from related entities III. Profit for the issue of financial assets, including:-affiliated undertakings IV. Value adjustments of financial assets and financial costs, including: i. Interest, including:-for related entities II. Loss of retirement financial assets, including:-in affiliated III. Value adjustments of financial assets j. gross profit (loss) (E + F-G + H-I) k. l. income tax profit (loss) NET (J-K) (comparative variant) and the. Net sales and aligned with them, and. Net income from the sale of the II. Status change (increase – positive value, decrease – negative value) III. The cost of the products for their own consumption unit (B). Operating Costs and Amortization. II. Consumption of materials and energy III. Services IV. Wages V. Social Security and other benefits, including:-retirement. Other costs, including: – the value of sold goods and materials (C). Profit (loss) on sales (A-B) D. Other operating income, including:-update the value of non-financial assets E. Other operating expenses, including:-update the value of non-financial assets (F). Financial income, including: i. Dividends and shares in profits from the units, in which the body has a commitment to equity, including:-from related entities in which the entity has involvement in capital II. Interest, of which:-from related entities III. Profit for the issue of financial assets, including:-affiliated undertakings IV. Value adjustments of financial assets G. Financial costs, including: i. Interest, including:-for related entities II. Loss of retirement financial assets, including:-in affiliated III. Value adjustments of financial assets H. gross profit (loss) (C + D-E + F-G) and income taxes. net profit (loss) (H-I) additional information and explanations include, in particular: 1) detailed the scope of changes in the value of generic groups of fixed assets, intangible assets and long-term investments, which contains the status of these assets at the beginning of the financial year, increase and decrease with the title: update the value, acquisition, issue, internal displacement and final State and for the capital cushion-like representation of States and titles change existing depreciation or amortisation;

2) amount made during the financial year write-downs of fixed assets on a long-term non-financial assets long-term financial assets;

3) the amount of goodwill and an explanation of the writing off period referred to in article 1. paragraph 44B. 10.

4) where financial instruments or assets other than financial instruments are measured at fair value: a) the significant assumptions to determine the fair value, where the data received to determine this value does not come from an active market, b) separately for long-term and short-term financial instruments or assets of non-financial instruments-fair value shown in the balance sheet, as well as, respectively, the effects of revaluations affecting profit or referenced on capital (Fund) from revaluation in the reporting period , c) separately for derivative financial instruments which are carried as a short term financial assets or current liabilities – information about the extent and the nature of the instruments, including significant terms and conditions which may affect the amount, timing and certainty of future cash flows, d) table changes in capital (Fund) from revaluation comprising the State capital (Fund) at the beginning and end of the reporting period, and its increase and decrease during the financial year;

5) the amount of the active accruals costs representing the difference between the value of the financial assets received and the obligation to pay for it;

6) breakdown of long-term liabilities by balance sheet items remaining after the balance sheet date, the expected agreement, repayment period over 5 years, as well as the total amount of obligations secured by the assets of the unit with an indication of the nature and form of these securities;

7) where an asset or liability is carried at more than one position, the link between these positions; This applies in particular to the Division of duties and obligations on the part of long-term and short-term;

8) the total amount of contingent liabilities, including those provided by the unit guarantees, promissory note, not shown in the balance sheet, with an indication of the collateralized on the assets and the nature and form of such securities; separately it is necessary to demonstrate information about contingent liabilities in respect of pensions and similar benefits and to related entities or affiliates;

9) production cost of fixed assets under construction, including interest and exchange rate differences, which increased the cost of fixed assets under construction in the fiscal year;

10) interest and foreign exchange differences, which increased the purchase price of the goods or the cost of products in the financial year;

11) the amount and nature of the specific items of income or expense of extraordinary value, or that occurred incidentally;

12) the average employment in the reporting period;

13) the amount of advances and loans granted to persons included in the governing bodies, supervisory bodies and administrative units, with an indication of their main conditions, the rate and any sums paid, written off or forgiven, as well as commitments entered into on their behalf by way of guarantees of any kind, with an indication of the total for each category;

14) information about significant events that occurred after the balance sheet date, and that are not included in the financial statements and their impact on the situation of the assets, financial and financial results;

15) the presentation made in the fiscal year change in accounting policies, if they have a significant impact on the situation of the assets, financial and financial result of the unit and change the way the preparation of the financial statements together with its causes;

16) numerical information, together with an explanation, to ensure comparability of data of the financial statements for the year preceding the report for the financial year;

17) information about the name and headquarters of the undertaking which draws up the consolidated accounts for the lowest group level, which includes the company as a subsidiary undertaking;

18) where small unit does not draw up a report in accordance with article 4. 49 paragraphs 1 and 2. 5 of the Act also displays information about the shares (shares) of its own: a) the reason for the acquisition of shares (shares) of its own in the fiscal year, (b)) the number and nominal value of acquired and disposed of during the financial year, of shares (shares), and in the absence of a nominal value, their accounting value, as well as part of the core capital, which shares (shares) represent, c) in the case of acquisition or disposal for consideration, the equivalent of those shares (shares) , d) the number and nominal value or, in the absence of a nominal value, the accountable par of all the shares (shares) acquired and retained, as well as part of the core capital, which shares (shares) represent.


[1] Article. 2. 5 added by article. 1 paragraph 1 of the Act of 23 July 2015. about change of the accounting Act and certain other acts (OJ. 1333). The change came into force January 1, 2016.

[2] Article. 3 paragraphs 1 and 2. 1 point 6 in the version set by the article. 411 paragraph 1 of the law of 15 may 2015-restructuring Law (OJ No. 978). The change came into force January 1, 2016.

[3] Article. 3 paragraphs 1 and 2. 1 paragraph 21a added by art. 446 paragraph 1 of the Act of 11 September 2015 at the business of insurance and reinsurance (OJ., 1844). The change came into force January 1, 2016.

[4] Article. 4 paragraph 1. 5 in the version set out by art. 13 paragraph 1 of the law of 25 June 2015, amending the law on municipal government and certain other laws (OJ No. 1045). The change came into force January 1, 2016.

[5] Article. 11 (1). 2 in the version established by art. 13 paragraph 2 of the Act of 25 June 2015, amending the law on municipal government and certain other laws (OJ No. 1045). The change came into force January 1, 2016.

[6] Article. 12 paragraph 1. 3 section 3 repealed by article. 411 paragraph 2 of the Act of 15 may 2015-restructuring Law (OJ No. 978). The change came into force January 1, 2016.

[7] Article. 26 paragraph. 5 paragraph 1 repealed by article. 411 paragraph 3 of the Act of 15 may 2015-restructuring Law (OJ No. 978). The change came into force January 1, 2016.

[8] Article. 29. 3 in the version established by art. 411 section 4 of the Act of 15 may 2015-restructuring Law (OJ No. 978). The change came into force January 1, 2016.

[9] Article. 35B paragraph. 1 paragraph 1 shall be inserted to be fixed by the article. 411 section 5 of the Act of 15 may 2015-restructuring Law (OJ No. 978). The change came into force January 1, 2016.

[10] Article. 35B paragraph. 1 point 2 in the version set by the article. 411 section 5 of the Act of 15 may 2015-restructuring Law (OJ No. 978). The change came into force January 1, 2016.

[11] Article. 36 paragraph 1. 2D in the version set by the article. 411 paragraph 6 (b). a) Act of 15 may 2015-restructuring Law (OJ No. 978). The change came into force January 1, 2016.

[12] Article. 36 paragraph 1. 4 in the version established by art. 411 paragraph 6 (b). (b)) of the law of 15 may 2015-restructuring Law (OJ No. 978). The change came into force January 1, 2016.

[13] repealed Regulation based on art. 631, paragraph 1 of the law of 15 September 2000-commercial code (Journal of laws No. 94, item 1037), which entered into force on 1 January 2001.

[14] the Act repealed pursuant to art. 193 of the Act of 29 August 1997 – banking law (Journal of laws No. 140, item 939), which entered into force on 1 January 1998.

[15] the Act repealed pursuant to art. 74 of the law of 30 August 1996 on the commercialisation and privatisation of State-owned enterprises (Journal of laws No. 118, item 561, 156 and #.. 775), which entered into force on 8 April 1997.

[16] the Act repealed pursuant to art. 256 of the law of 22 May 2003 on business insurance (OJ No 124, item. 1151), which entered into force on 1 January 2004.

[17] the Act repealed pursuant to art. 276 paragraph 2 of the law of 27 July 2005, the law on higher education (Journal of laws No. 164, item 1365), which entered into force on 1 September 2005.

[18] Act repealed pursuant to art. 191 of the Act of 21 August 1997-law on publicly traded securities (Journal of laws No. 118, Item 754), which entered into force on January 4, 1998.

[19] the Act repealed pursuant to art. 220, paragraph 1 of the law of 15 April 2011 on medical activity (Journal of laws No. 112, item 654), which entered into force on 1 July 2011.

[20] see Appendix 3 in the version set by the article. 446 paragraph 2 of the Act of 11 September 2015 at the business of insurance and reinsurance (OJ., 1844). The change came into force January 1, 2016.

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