Key Benefits:
REGULATION OF THE FINANCE MINISTER 1)
of 25 September 2009
on detailed rules for the compilation by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups
On the basis of art. 81 (1) 2 point 3 of the Act of 29 September 1994. of accounting (Dz. U. 2009 r. Nr 152, poz. 1223, Nr 157, pos. 1241 and No. 165, pos. 1316) the following shall be managed:
Chapter 1
General provisions
§ 1. [ Regulatory scope] The Regulation lays down detailed rules for the drawing up of consolidated financial statements by entities other than banks, insurance undertakings and reinsurance undertakings, including the scope of the information reported in those reports and in the activity reports.
§ 2. The terms used in the Regulation indicate:
1) Act-Act of 29 September 1994. of accounting;
(2) the day of entry into control, the day on which the co-audit takes place, or the day on which the significant impact is to be exercised, the date on which the capacity referred to in Article 4 3 para. 1 points 34-36 of the Act;
3) the day of the cessation of checks, the day of cessation of co-control, the day of cessation of exertion of significant influence-day of loss of capacity, referred to in the art. 3 para. 1 points 34-36 of the Act;
4) the day of the control restriction, the day of the limitation of the co-control, the day of the restriction of exerting significant influence-the day of the limitation of the capacity referred to in Art. 3 para. 1 points 34-36 of the Act;
(5) net assets-assets referred to in Article 3 para. 1 point 29 of the Act, adjusted for the assets and liabilities to be disclosed as a result of the combination of units, according to art. 44b (b) 2 of the Act;
6. preferential shareholders-shareholders or shareholders holding shares or preference shares in the dividend.
Chapter 2
Preparation of the consolidated financial statements of the group
§ 3. [ Consolidated Financial Statements] 1. The parent undertaking, having its registered office or place of management in the territory of the Republic of Poland, shall draw up a consolidated financial statement, covering it with its data and the data of the subordinated units, regardless of their place of residence, subject to Article 57 and 58 of the Act.
2. [ 1] The consolidated financial statements shall be composed of:
1) from the introduction to the consolidated financial statements, which is included in the supplementary information, covering at least the information specified in Annex 1 to the Regulation;
2) from the consolidated balance sheet, containing the components shown in the order and in the manner set out in Annex No. 2 to the Regulation;
3) from the consolidated statement of profit and loss, containing the revenues and costs in the order and in the manner set out in Annex No. 3 to the Regulation;
4) from the consolidated cash flow statement, covering information within the scope set out in Annex No. 4 to the Regulation;
5) from the consolidated statement of changes in the equity (fund) of its own, including information on changes of individual components of consolidated capital, within the scope set out in Annex No. 5 to the Regulation;
6. with additional information and explanations, which are included in the additional information referred to in Annex No 6 to the Regulation.
2a. [ 2] The annual consolidated accounts shall be accompanied by an activity report drawn up in accordance with the rules referred to in Article 4 of the Financial Regulation. 55 par. 2a of the Act.
3. In the consolidated financial statements, data shall be recorded for the financial year and for the preceding year, if the parent undertaking was required, in accordance with the provisions of the Act, to draw up the consolidated financial statements for the year Prior to
4. In the case of the formation of a group within a year or an obligation to draw up a consolidated financial statement, comparative data for the preceding business year shall be the parent's data derived from its report financial and, where the parent undertaking prior to the date of the formation of the capital group or the creation of the obligation to draw up the consolidated financial statements has held shares in subsidiaries, co-dependent or associated undertakings, that the comparative data should be the data of the parent and the data of the units shown as if the parent undertaking has drawn up the consolidated financial statements for the previous financial year.
5. If, during the financial year, the composition of the subordinated units has been substantially changed, the consolidated financial statements shall be entered in the consolidated financial statements to enable the assessment to be made. changes, including the basic volumes of the financial statements, the names and registered offices of the entities whose coverage of the consolidated financial statements is discontinued, and the units not covered by the consolidated financial statements in the previous financial year.
6. [ 3] In order to ensure the comparability of the data shown in the consolidated financial statements, instead of the information referred to in paragraph 1, (5) A revised comparative balance sheet and a adjusted comparative profit and loss account may be drawn up.
§ 4. 1. Consolidated financial statements of the capital group shall be drawn up using the same methods of valuation of assets and liabilities and the same rules for the drawing up of financial statements, which are compatible with the rules for all the subsidiaries concerned. (policy) accounting adopted by the parent undertaking.
2. If, for important reasons, the use by some of the subsidiaries covered by the consolidated financial statements of the same methods of valuation of assets and liabilities and the rules for drawing up financial statements is not possible, then that may be the case to depart.
3. In the case referred to in paragraph. 2, and when other subsidiaries covered by the consolidated financial statements apply different accounting policies than those adopted by the parent undertaking, the parent undertaking shall make the appropriate transformations. the financial statements of the entity, adjusting the data to the methods and principles adopted in drawing up the consolidated financial statements; information on the adjustments is provided in the additional information and explanations of the consolidated report financial and disclosure of the size of the individual items of the report for which different methods and valuation rules have been adopted.
4. You may refrain from making the transformations referred to in paragraph. 3 if:
1) it is not possible to make them;
2. such a waiver shall not prevent the fulfilment of the requirements laid down in the Article. 4 par. 1 of the Act.
Renunciations shall be justified in the additional information and explanations of the consolidated financial statements.
(5) In subsequent financial years, the same methods and rules for the embedding of associated consolidated financial statements shall be applied in a continuous manner. Possible changes to the methods and rules for the embedding of the associated consolidated financial statements in order to meet the requirements laid down in the Article. 4 par. 1 of the Act, with effect from the first day of the financial year, shall be disclosed in the introduction to the consolidated financial statements, giving the reasons for the changes, their numerical effect on the financial result and ensuring the comparability of the data for each the reporting periods covered by the financial statements.
§ 5. 1. The consolidated financial statements of the capital group shall include the parent's financial statements and the financial statements of the subordinated units drawn up on the same balance sheet date and for the same reporting period.
2. The balance sheet date on which the financial statements covered by the consolidated financial statements of the subordinated entity are drawn up, may be ahead of the balance sheet date on which the consolidated financial statements are drawn up, no more However, not more than three months. This report shall cover the same number of consecutive months as the consolidated financial statements and shall be drawn up for the same period and on the same balance sheet date in subsequent years. In this case, the additional information and explanations of the consolidated financial statements shall give rise to relevant events concerning changes in assets, liabilities and profit and loss of that subsidiary that have occurred during the period of time between the balance sheet date of the subordinated entity and the balance sheet date for which the consolidated financial statements are drawn up.
3. In cases other than those referred to in paragraph. 2 subordinated units, drawing up financial statements for a different balance sheet date than adopted for the consolidated financial statements, shall in addition draw up separate financial statements for the period covered by the consolidated report financial.
§ 6. 1. If the parent undertaking does not draw up consolidated financial statements in the cases referred to in art. 56-58 of the Act, this fact is disclosed in the introduction to the financial statements of the parent entity.
2. If the shares in the subsidiary are intended to be disposed of within one year from the date of their acquisition, that fact should be credibly justified. If these shares are not sold within one year from the date of their acquisition, the consolidated financial statements as if it were covered by the consolidated financial statements shall be included in the consolidated financial statements up to the date of their acquisition. its subordination.
3. If there is a restriction in the exercise of control or joint control of the subsidiary, and at the same time the parent undertaking is not capable of exerting at least significant influence, the participation of the subsidiary shall be valued at the consolidated financial statements in subsequent financial years in the value resulting from the application of the equity method on the date of the occurrence of those restrictions, taking into account a possible write-off of permanent impairment.
4. In order to meet the requirements referred to in art. 4 par. 1 of the Act, the data of the subsidiaries and the co-dependent entities to which the consolidated method of consolidation is applied in the consolidated financial statements, or the proportional method, carrying out a different type of activity from the activities of the the parent undertaking shall be shown in the consolidated financial statements with a detail taking into account the specificities of the activities of those undertakings.
§ 7. Where a lower level parent undertaking prepares a consolidated financial statement, the senior parent may cover its consolidated financial statements with consolidated accounts drawn up by the parent undertaking. a lower level parent undertaking. Where a senior parent has a direct interest in a subordinated entity covered by the consolidated financial statements of the lower-level parent, the senior parent shall include the this sub-entity's consolidated financial statements using the appropriate method, depending on the form of subordination of these units.
§ 8. 1. [ 4] If the lower level parent undertaking, according to Article 56 par. 2 of the Act, it does not draw up a consolidated financial statement, it is a senior entity that includes the consolidated financial statements of both its subsidiaries and all subsidiaries of the entity a dominant lower level, subject to Article 56 par. 4 and 5 of the Act and § 7.
2. The property of a senior parent in a subsidiary of the lower level parent undertaking shall be determined as the product of the percentage of the shares held by the higher level parent in the lower parent the level and percentage of the shares held by the parent undertaking of the subsidiary in the subsidiary. This volume is increased by the percentage of the shares that the senior parent owns directly in the subsidiary from the lower level parent, and the percentage of the shares that the senior parent owns in the subsidiary of the downstream parent, through the shares held in subsidiaries subject to the full consolidation method.
3. A lower level parent undertaking, in accordance with art. 56 par. 2. 2 of the Act, the consolidated financial statements should be informed of this in the introduction of the financial statements, giving the name and registered office of the senior parent of the consolidated financial statements.
§ 9. 1. On the day of the taking of control or co-control of the units which have a seat or a place of management outside the territory of the Republic of Poland and are subject to recognition in the consolidated financial statements by the consolidation method respectively full or proportionate method, all items expressed in the foreign currency of the financial statements shall be converted into the Polish currency according to, announced for the given currency by the National Bank of Poland, the average rate for that day, taking into account Article 4 (4) 2 and 5.
2. On the balance sheet date expressed in foreign currencies, the financial statements subject to consolidation or recognition in the consolidated financial statements by a proportional method shall be converted into the Polish currency according to the following principles:
1) the individual items of the assets and liabilities of the balance sheet, with the exception of equity, shall be converted according to, announced for the currency concerned by the National Bank of Poland, the average rate at the balance sheet date;
2. the individual items of the profit and loss account shall be converted at the rate of income, profit, cost or loss on the course of the day; however, for reasons of simplification, it may be used to convert the courses representing the arithmetical mean of the average rates. for the day ending each month of the financial year and, in justified cases, the rate being the arithmetic average of the average rates for the preceding business year and the day ending the current financial year, as announced for the currency by the National Bank of Poland;
(3) their own funds, calculated according to their state as of the date on which the parent undertaking is under control or co-control by the joint-subsidiary's partner in the consolidated consolidated financial statements, on the basis of a proportional contribution, the basis of the average rate announced on that day by the National Bank of Poland, shall be shown in this amount in the successively prepared consolidated financial statements, taking into account the provision of the paragraph. 4; in the case of the issue of additional shares to their conversion, the average rate announced for the given currency by the National Bank of Poland on the date of the entry in the register of capital increase shall be used.
3. The own capitals referred to in paragraph 1 For the first paragraph of Article 2, the following shall be indicated separately:
(1) core capital;
2. other equity capital other than those referred to in points (1) and (3);
3) the net financial result for the financial year, converted in accordance with the paragraph. 2 point 2;
(4) currency translation differences, which consist in particular of:
(a) exchange differences resulting from the conversion into the Polish currency of equity in accordance with paragraph 1 (a). 2 point 3, as well as the differences arising from its conversion according to, announced for the given currency by the National Bank of Poland, the average rate at the balance sheet date,
(b) currency differences arising from the conversion into the Polish currency of the net financial result, calculated in accordance with the paragraph. 2 point 2, as well as the differences arising from its conversion according to, announced for a given currency by the National Bank of Poland, the average rate at the balance sheet date.
4. On the date of disposal of all or part of the shares of the entity covered by the consolidated financial statements or on the date of the cessation of the included in its consolidated financial statements, the currency translation differences referred to in paragraph 1. Article 3 (4), relating to this entity, shall be written off on a consolidated statement of profit and loss in proportion to the shares sold.
Chapter 3
Full Consolidation Method
§ 10. [ Apply Full Consolidation Method] The parent undertaking shall comprise the consolidated financial statements of the subsidiaries concerned by means of the full consolidation method referred to in Article 4. 60 of the Act.
§ 11. 1. When applying the full consolidation method, the amounts of the individual items shall be added:
1) balance sheets,
2) profit and loss accounts,
3) cash flow accounts, in the case of drawing up this account in the manner specified in § 16 paragraph. 1 point 2,
4) statements of changes in equity, in the case of compiling this statement in the manner specified in § 17 point 2
-the parent undertaking and the individual subsidiaries, irrespective of the parent undertaking's share in the ownership of the subsidiaries.
2. If the parent undertaking has controlled the subsidiary in the course of the financial year, the consolidated profit and loss account shall be included in the full amount of all those shown in the unit's profit and loss account, income and expenses, which arose in the period from the date of entry into the balance sheet of that undertaking by the parent undertaking. The same applies to the preparation of the consolidated cash flow statement and the consolidated statement of changes in the equity (fund) of its own. [ 5]
3. Upon completion of the summons referred to in paragraph. 1, the eliminations and eliminations referred to in Article shall be carried out. 60 of the Act, applying the principles set out in § 12-17.
§ 12. 1. The fair value of the net assets of the subsidiary is determined on the date of the control by the parent undertaking over the subsidiary, clearing that value in proportion to the shares held by the parent undertaking and other entities of the group capital, covered by the consolidated financial statements, and minority shareholders.
2. If several subsidiaries are included in the consolidated financial statements, the value of the company or the negative goodwill shall be shown in the consolidated balance sheet without compensation.
3. In the consolidated profit and loss account, write-offs of goodwill or negative goodwill shall be shown in the item "Odpis goodwill-subsidiaries" or "Description of the negative goodwill-subsidiaries", according to the rules laid down in the the law, starting from the month in which the control of the subsidiary was placed. If the asset value of the 'goodwill' asset has been permanently lost, the value of that asset shall be written off to the consolidated profit and loss account.
4. If the parent acquires additional shares in the subsidiary or as a result of the acquisition of additional shares, the associate or co-dependent entity becomes a subsidiary, the value of the firm or a negative value is determined at the date of acquisition companies by comparing the purchase price of the additional shares and the corresponding value of the net assets expressed at fair value. This procedure shall apply to any significant transaction of acquisition of shares of the following over a longer period of time.
5. In the additional information and explanations of the consolidated financial statements, it is necessary to clarify how the goodwill or the negative value of the company is determined.
§ 13. 1. The capital of the core group, as shown in the consolidated equity, shall be the core capital of the parent undertaking.
2. The core capital of the subsidiaries, in part corresponding to the share of the parent undertaking in the core capital of these units, shall be compensated with the acquisition value of the shares recognised in the balance sheet of the parent undertaking at the date of the audit; the remaining part of the core capital of the subsidiaries shall be included in the minority capital referred to in paragraph 1. 4.
3. The individual components of the parent's own capital, with the exception of its core capital, shall be added to the proportion of the respective capital components of its subsidiaries, corresponding to the share of the parent undertaking in ownership. by the balance sheet at the balance sheet date. Only those parts of the respective equity components of the subsidiaries that have been incurred from the date on which the parent undertaking controls them shall be included in the group's own capital. In particular, this relates to the change in the amount of equity caused by the subsidiaries achieved by the financial results, the revaluation and the exchange rate differences.
4. If the participation in the consolidated financial statements of the subsidiary also has other shareholders than the units of the capital group included in the consolidated financial statements, then in separate positions, having regard to the participation in the the financial result of the senior shareholders, as appropriate, to participate in the property of the subsidiary, taking into account the valuation principle referred to in Paragraph 12 (1) of the 1, the following shall be indicated:
1. in the consolidated balance sheet-the capital of minorities;
2) in the consolidated profit and loss account-gains (losses) of minorities;
3) in the consolidated cash flow account drawn up by the indirect method-gains (losses) of minorities.
5. [ 6] The shares in the parent undertaking held by that entity and its subsidiaries covered by the consolidated financial statements shall be shown as an asset in the separate item 'Shares (shares) of its own'.
§ 14. 1. When making the exemptions referred to in art. 60 of the Act, the following rules apply to transactions carried out between the undertakings included in the consolidation of the capital group:
1) cash in the way and delivery on the way, concerning the units of the capital group covered by the consolidated financial statements, shall be shown as received by the entities which are their recipient;
2. reciprocal claims and obligations requiring an exemption shall include any previously agreed settlement between the units of the capital group covered by the consolidated financial statements, both on supplies and services, and on the other titles, including any contributions, bills of exchange, advances and loans, and settlement of dividends or other shares in profits;
3. the income and costs of operations carried out between the units of the capital group covered by the consolidated financial statements using the full consolidation method shall be excluded, subject to point 4, whether or not they are contained in the Profits or losses;
4) included in the consolidated assets of profit or loss unrealised by the capital group arising from the filing between the units of the capital group, covered by the consolidated financial statements, the sale of assets of the assets after other prices than their net book value, as shown in the accounts of the entity selling, shall be excluded from the consolidated balance sheet, correcting the profit and loss account of the seller's account, as appropriate, in the case where the sales are subject to sale property included in the investment, fixed measure or title of value intangible and legal, in the consolidated financial statements, in addition, their depreciation shall be adjusted in such a way that it is calculated without taking into account a predetermined profit or loss; if the subject of the exemption is a loss, it may be taken into account only if the exclusion does not result in the demonstration of fixed assets above their fair value, and the current assets are above their market value;
5) where the parent undertaking in the unit report does not apply the method of property rights, the dividends due to the parent undertaking from the subsidiary:
(a) for the period following the day of entry into control, the financial income shall be excluded from the control and shall include in the equity of the unit paying the dividend; the adjustment of the capital of the subsidiary does not affect the calculation of the amount of the capital minorities,
(b) for the period before the date of entry into control, reduce the purchase price of the shares and be taken into account in the calculation of the goodwill or negative value of the company
2. The exemptions referred to in paragraph 1 may not be waiter. 1 points 2, 3 and 4, if this does not prejudice the requirements referred to in Article 3. 4 par. 1 of the Act, and in particular where the reciprocal transactions between the units of the capital group covered by the consolidated financial statements are not relevant, the sale shall be made at the purchase price (cost of production) or at prices and on the terms and conditions of the payments which do not coincides with the general rules applicable to such transactions.
§ 15. 1. The consolidated profit and loss account shall be included in the full amount of:
1) the individual items of the profit and loss account of each subsidiary for the period of:
(a) either from the beginning of the financial year or from the date of entry
(b) by the end of the financial year or until the date of cessation of
-if the day of entry into control or the date of cessation of checks has occurred during the financial year;
2) profit or loss on the sale of all or part of the entity.
2. The profit or loss on the sale of the shares of the subsidiary constitutes for the group the difference between the income from the disposal of the entity's shares and the corresponding part of the net assets of the subsidiary fixed at the date of disposal, adjusted by the non-written part of the goodwill or the negative value of the company concerning the divestment of the shares.
3. The profit or loss referred to in the paragraph. 2, it shall also be determined each time a substantial transaction of the disposal of the shares is established.
4. If, as a result of the sale of shares of shares, the entity ceases to be dependent or affiliated, the provisions of the paragraph shall 2.
5. The profit or loss on the sale of all or part of the shares of the subsidiary shall be shown in the consolidated profit and loss account under the item "Profit (loss) on the sale of all or part of the shares of the subsidiaries".
6. In the "Additional information and explanations of the consolidated financial statements", the following shall be provided:
1) the net book value of the assets of any transferable or acquired subsidiary;
2. the way of settlement between the transferee and the acquiring entity;
3) separate result from the divestment of each subsidiary.
§ 16. 1. The consolidated statement of cash flows shall be drawn up:
1) on the basis of the consolidated balance sheet and consolidated profit and loss account and additional explanatory notes and information or
2) by summing up the relevant items of the cash flow accounts of the entities subject to the full consolidation method and making the eliminations of those sums; these adjustments consist in the exclusion of any cash flows between the included the consolidation of the parent undertaking and its subsidiaries, and between individual subsidiaries, in particular as follows:
(a) the dividends paid,
(b) the payment for the acquisition of shares of the entities included in the consolidated financial statements,
(c) the transfer or repayment of loans, including interest,
and, in the case of application of the indirect method, also to make any consolidation adjustments which have had an impact on the determination of the consolidated financial result.
2. When drawing up the consolidated cash flow account, the exchange rate differences arising from the conversion of the balance of the balance sheet items from the balance sheet date, the previous and the current financial year, shall be shown in the item 'Other operating adjustments' of the consolidated cash flow account and, if relevant, in a separate item, and their effect on the items in the total cash change-over.
§ 17. The consolidated statement of changes in equity capital (fund) shall be drawn up: [ 7]
1) on the basis of the consolidated balance sheet, the sets of changes in the equity capital and the additional explanations and information, or
2. by summing up the relevant positions of the statements of changes in the equity of the entities subject to the full consolidation method and making the eliminations; these adjustments concern in particular:
(a) the exclusion of the capital contributed and worked out in the subsidiaries until the date on which they are subject to control,
(b) disposals and acquisitions of shares by undertakings included in the consolidation,
(c) the issue of shares and their coverage by the undertakings included in the consolidation,
(d) the redemption of the shares by the undertakings included in the consolidation, or
3) by crediting to the individual positions of the statement of changes in the equity of the parent entity of its share of its own capital and their changes in the included method of consolidation of the full subsidiaries in the period from the date of entry control until the date of loss of control.
Chapter 4
Proportional Method
§ 18. [ Proportional method application] 1. The proportional method referred to in art. 61 of the Act, shall apply in the consolidated financial statements to the shares in the interdependent entities, if in the adopted for the group the accounting principles (policy) the pro rata method has been accepted for valuation A co-dependent entity.
2. The rules for the application of the full consolidation method, as set out in § 9-17, shall apply mutatis mutandis to the recognition in the consolidated financial statements of the shares by a proportional method, taking into account art. 61 of the Act.
Chapter 5
Ownership method
§ 19. [ Application of the equity method] 1. The concept, valuation and presentation of the method of property rights in the consolidated financial statements shall apply in the case of:
1) shares in associates;
2) shares in co-dependent entities, if in the adopted for the group the principles (policy) of accounting the method of property rights has been accepted for the valuation and presentation of the data of the co-dependent entity;
3) the circumstances listed in art. 59 (1) 6 of the Act, except that for each of the co-dependent units it may be applied, depending on the accounting policies adopted for the group (policy), a proportionate method.
2. The fair value of the net assets of the associate or the co-dependent entity shall be determined at the date of the start of the significant influence by a significant investor on the associated entity or at the date of the joint control of the joint-control unit. taking into account the entity covered by that day by a significant investor or partner of a subsidiary's share of the net assets of that subsidiary.
3. If a significant investor or partner of a co-dependent entity acquires in an associate or co-subsidiary additional shares, classified as a long-term financial asset, the value of the firm or a negative value shall be determined at the date of their acquisition companies as the difference between the acquisition price of the additional shares and the corresponding value of the net assets expressed at fair value. Such proceedings shall apply in respect of any significant transaction of acquisition of shares, which shall be the following over a longer period of time. The provisions of Paragraph 12 (1) 3 shall apply mutatis mutandis.
4. In the consolidated balance sheet the participation of a significant investor or partner of the co-subsidiary respectively in the associate or co-subsidiary, calculated in the manner specified in the paragraph. 2, adjusts to a significant investor or partner of the co-dependent entity an increase or reduction in the equity of that subsidiary which occurred during the period covered by the consolidated report of financial, including dividends and shares in the financial result of that entity, and currency translation differences.
5. The consolidated financial statements shall include the associated or co-dependent entity also when the value of the share held in that entity, which is part of its own capital, is negative or zero, and a significant investor or the co-dependent entity's partner is obliged to cover its losses, lodge a surcharge or raise capital. Otherwise, the participation in the subsidiary is shown in zero value.
6. In the consolidated profit and loss account, the net result of the associate or co-subsidiary in the part that corresponds to the share of the significant investor or partner of the joint-subsidiary as a result of that part shall be shown in a separate position entities, adjusted for a write-off of goodwill or negative goodwill, taking into account the rights of the shareholders of the privileged.
7. In the case of an entity whose financial statements are expressed in foreign currency, the provisions of § 9 shall apply mutatis mutandis.
8. The consolidated financial statements shall be excluded from the unrealised by the related entity covered by the consolidated financial statements, profits and losses incurred as a result of transactions between the associate or the associated entity; or the joint subsidiary and the other units covered by the consolidated financial statements, in proportion to the shares held by the capital group in that undertaking. Provisions of Paragraph 14 (1) Points 2 to 4 shall apply mutatis mutandis.
9. The exemptions referred to in paragraph 1. 8, it shall not be carried out if the relevant data are not the entity drawing up the consolidated financial statements known or cannot be established without having to bear the necessary incurring of the high inputs in time for the fulfilment of the the provisions of the Act as regards consolidated financial statements.
Chapter 6
Consolidating documentation
§ 20. [ Documents covered by consolidating documentation] 1. The consolidation documentation shall include in particular:
1) the financial statements of the entities included in the consolidated financial statements;
2) the financial statements of the subordinated units adapted to the accounting policies of the consolidation;
3) the financial statements of the subordinated units converted into Polish currency;
4) any corrections and exclusions made for consolidation, necessary for the preparation of the consolidated financial statements;
5) the calculation of the fair value of the net assets of the subordinated units;
6) the calculation of the goodwill and the negative value of the company and their write-off, including the title of permanent impairment;
(7) the calculation of minority capital;
8) calculation of exchange differences from the translation of the financial statements of subordinated units, expressed in foreign currency.
2. The parent undertaking shall be obliged to draw up and update the consolidation documentation.
3. The provisions of the paragraph. 1 and 2 shall apply mutatis mutandis to the partner of the joint-subsidiary and the significant investor.
Chapter 7
Transitional and final provisions
§ 21. [ Application of provisions] The Regulation applies for the first time to the consolidated financial statements drawn up for the financial year starting in 2010.
§ 22. This Regulation shall enter into force on 1 January 2010. 2)
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1) The Minister of Finance directs the government administration-public finances, pursuant to § 1 paragraph. 2 point 2 of the Regulation of the Prime Minister of 16 November 2007. on the detailed scope of the action of the Minister of Finance (Dz. U. No 216, item. 1592).
2) This Regulation was preceded by the Ordinance of the Minister of Finance dated 8 August 2008. on detailed rules for the drawing up of consolidated financial statements by entities other than banks and insurance undertakings of the consolidated financial statements of groups of capital (Dz. U. Nr 162, pos. 1004), which is repealed with effect from the date of entry into force of this Regulation, pursuant to Article 20 of the Act of 13 February 2009. to amend the Act on Insurance Activity and certain other laws (Dz. U. Nr 42, pos. 341).
Annex 1. [ INTRODUCTION TO CONSOLIDATED FINANCIAL STATEMENTS]
Annexes to the Regulation of the Minister of Finance
of 25 September 2009 (pos. 1327)
Annex No 1
INTRODUCTION TO THE CONSOLIDATED FINANCIAL STATEMENTS [ 8]
The introduction shall include in particular:
1) the name (company), the head office, the principal object of the parent's activity and the number in the relevant court register;
2) a list of subsidiaries, associates and associates whose data are covered by consolidated financial statements, with an indication of their names (companies) and premises, objects of activity, share held by the parent company, partner a joint subsidiary or a significant investor in the capital (fund) of those entities and of the share in the total number of votes, if different from the share of the capital (fund); the list of mutual capital links between the the undertakings included in the consolidation;
(3) information on the criteria used by the parent undertaking to cover the consolidated financial statements of the subsidiaries; this information may not be disclosed if the parent has control over the entity in respect of the title the holding, directly or indirectly, of a majority of the total number of votes in the body of another (subsidiary), also on the basis of agreements with other voting rights, exercising their voting rights in accordance with the will of the parent undertaking; and if the share in the total number of votes is equal to the share of the capital (Fund) basic;
4) the list of units other than the subordinated units with an indication of their names (companies) and the seats in which the subsidiaries hold a commitment in the capital, with an indication of the amount of the capital (the fund) of these units and the amount the approved financial result of those units for the last financial year (this data may be omitted if the entity's balance sheet is not advertised), the share of this capital (the fund) and the share in the total number of votes, if different from the share of the the capital (fund) of the basic and the net financial result for the last financial year;
5) the list (names/companies and premises) of the subordinated units excluded from the consolidated financial statements together with the legal basis and the justification for the exclusion and participation of the parent undertaking, the partner a co-subsidiary or a significant investor in the capital (fund) of those units;
6) an indication of the duration of the activities of related entities, if limited;
7) an indication of the period covered by the consolidated financial statements and financial years and periods covered by the financial statements of affiliated entities, if they are different from the period covered by the consolidated financial statements;
8) an indication that the financial statements of the entities included in the consolidated financial statements contain the combined data, if the affiliated units are composed of internal organisational units that draw up independent financial statements;
9) an indication of whether the financial statements constituting the basis for the preparation of the consolidated financial statements were drawn up on the assumption of continued economic activity by the related entities in the foreseeable the future, and whether there are no circumstances indicating that these units of activity would continue to be threatened;
10) in the case of financial statements drawn up for the period during which the merger took place, an indication that they are the financial statements drawn up after the merger of the companies, and an indication of the methods used for the settlement of the connections (acquisition, merger shares);
11) discussion of the accounting policies, in particular the rules for the grouping of economic operations, methods of valuation of assets and liabilities, depreciation of depreciation, in particular the rules of accounting for accounting policies, the determination of the financial result and the compilation of the individual financial statements in so far as the Act leaves the entity the right to choose;
12) discussion made with effect from the first day of the financial year changes of the accounting policies, in particular the rules of grouping of economic operations, methods of valuation of assets and liabilities, making depreciation write-off, setting the result the financial and the compilation of the financial statements and the consolidated accounts, together with the reasons for their financial statements;
13) presentation of applied criteria for the exclusion of subordinated entities from the consolidated financial statements.
Annex 2. [ CONSOLIDATED BALANCE SHEET]
Annex No 2
CONSOLIDATED BALANCE SHEET [ 9]
Assets
A. Permanent assets
I. Intangible assets
1. Costs of Completed Development
2. Value of the company
3. Other intangible assets
4. Advances on intangible assets
II. Value of company of subsidiaries
1. Value of the company-subsidiaries
2. Value of the company-interdependent entities
III. Tangible fixed assets
1. Permanent measures
(a) land (including the right to use perpetual land)
(b) buildings, premises, housing rights and civil engineering structures
(c) technical equipment and machinery
d) means of transport
(e) other fixed assets
2. Fixed assets under construction
3. Advances for fixed assets under construction
IV. Long-term claims
1. From associated entities
2. From other units in which the entity has an involvement in the capital
3. From other units
V. Long-term investments
1. Real Estate
2. Intangible assets and legal values
3. Long-term financial assets
(a) in subsidiaries, co-dependent units not measured by a full consolidation method or by a proportional method
-shares or shares
-other securities
-loans granted
-other long-term financial assets
(b) in subsidiaries, interdependent and associated with the method of ownership
-shares or shares
-other securities
-loans granted
-other long-term financial assets
(c) in the other units in which the entity has a commitment to capital
-shares or shares
-other securities
-loans granted
-other long-term financial assets
(d) in other units
-shares or shares
-other securities
-loans granted
-other long-term financial assets
4. Other long-term investments
VI. Long-term accruals
1. Deferred income tax assets
2. Other accruals
B. Rotating assets
I. Stocks
1. Materials
2. Semi-products and products in progress
3. Ready products
4. Goods
5. Advances on supplies and services
II. Short-term receivables
1. Receivables from affiliated entities
(a) in respect of supplies and services, of a repayment period:
-up to 12 months
-over 12 months
b) other
2. Receivables from other entities in which the entity has an involvement in the capital
(a) in respect of supplies and services, of a repayment period:
-up to 12 months
-over 12 months
b) other
3. Receivables from other units
(a) in respect of supplies and services, of a repayment period:
-up to 12 months
-over 12 months
(b) in respect of taxes, grants, duties, social and health insurance and other public-law titles
c) others
(d) by means of judicial proceedings
III. Short-term investments
1. Short term financial assets
(a) in subsidiaries and interdependent entities
-shares or shares
-other securities
-loans granted
-other short-term financial assets
(b) in associates
-shares or shares
-other securities
-loans granted
-other short-term financial assets
(c) in other units
-shares or shares
-other securities
-loans granted
-other short-term financial assets
(d) cash and other monetary assets
-cash in cash and in accounts
-other cash
-other cash assets
2. Other short-term investments
IV. Short-term Accruals
C. Contributions owed to core capital
D. Shares (shares)
Total assets
Liabilities
A. Capital (fund) own
I. Capital (fund) basic
II. Reserve capital (fund), including:
-surplus of the value of the sale/issue over the nominal value of the shares (shares)
III. Capital (fund) from revaluation, including:
-from the fair value update
IV. Other reserve capital (funds), including:
-created in accordance with the contract/statutes of the company
V. Currency translation differences
VI. Profit (loss) from previous years
VII. Net profit (loss)
VIII. Write-offs from net profit during the financial year (negative amount)
B. Minority capital
C. Negative value of subordinated units
I. Negative value-subsidiaries
II. Negative Value-Interdependent Units
D. Commitments and provisions for commitments
I. Provisions for commitments
1. deferred tax provision
2. Reserve for pension benefits and similar
-long term
-short term
3. Other reserves
-long term
-short-term
II. Long-term liabilities
1. In relation to related entities
2. In the case of the other units in which the entity has an involvement in the capital
3. Other units
(a) loans
(b) in the form of debt securities issued
(c) other financial commitments
(d) promissory notes
e) Other
III. Short-term liabilities
1. Liabilities to affiliated entities
(a) in respect of supplies and services, of a period of due:
-up to 12 months
-over 12 months
b) other
2. Liabilities to other units in which the entity has an involvement in the capital
(a) in respect of supplies and services, of a period of due:
-up to 12 months
-over 12 months
b) other
3. Liabilities to Other Units
(a) loans
(b) in the form of debt securities issued
(c) other financial commitments
(d) in respect of supplies and services, of a period of due:
-up to 12 months
-over 12 months
(e) advances received for supplies and services
(f) promissory notes
(g) in respect of taxes, duties, social security and health and other public-law titles
(h) remuneration
i) others
4. Special Funds
IV. Accruals
1. Negative Company Value
2. Other accruals
-long term
-short-term
Total liabilities
Annex 3. [ CONSOLIDATED PROFIT AND LOSS ACCOUNT]
Annex No 3
CONSOLIDATED PROFIT AND LOSS ACCOUNT [ 10]
(Calculation Variant)
A. Net revenue from the sale of products, goods and materials, including:
-from associated units not included in the full consolidation method
I. Net income from sales of products
II. Net income from sales of goods and materials
B. Costs of products, goods and materials sold, including:
-related units
I. Cost of manufacture of products sold
II. Value of goods and materials sold
C. Profit (loss) gross of sales (A-B)
D. Sales costs
E. General management costs
F. Profit (loss) from sales (C-D-E)
G. Other operating income
I. Profit for the non-financial assets of fixed assets
II. Grants
III. Update of the value of non-financial assets
IV. Other operating income
H. Other operating expenses
I. Loss of non-financial assets of fixed assets
II. Update of the value of non-financial assets
III. Other operating costs
I. Profit (loss) from operating activities (F + G-H)
J. Financial income
I. Dividends and profit shares, including:
(a) from related undertakings, including:
-in which the entity has an involvement in the capital
(b) from units remaining, including:
-in which the entity has an involvement in the capital
II. Interest, including:
-from affiliated units
III. Profit for the financial asset dissolution, including:
-in associated companies
IV. Update of financial assets
V. Other
K. Financial costs
I. Interest, including:
-for associated entities
II. Loss on the financial asset dissolution, including:
-in associated companies
III. Update of financial assets
IV. Other
L. Profit (loss) on the sale of all or part of the shares of subordinated units
M. Profit (loss) from business activity (I + J-K + /-L)
N. A copy of the goodwill
I. A copy of the company's value-subsidiaries
II. Copy of goodwill-interdependent units
O. A copy of the negative value of the company
I. Discription of the Company's negative value-subsidiaries
II. Copy of the negative goodwill-interdependent units
P. Profit (loss) of shares in subordinated units valued by the equity method
R. Gross Profit (loss) (M-N + O + /-P)
S. Income Tax
T. Remaining compulsory profit reduction (increase in loss)
U. Minority Zyski (losses)
W. Profit (loss) net (R-S-T +/-U)
CONSOLIDATED PROFIT AND LOSS ACCOUNT
(Comparative variant)
A. Net income from sales and equations, including:
-from associated units not included in the full consolidation method
I. Net income from sales of products
II. Product state change (positive increase, decrease-negative)
III. Cost of manufacturing of products for the entity's own needs
IV. Net income from sales of goods and materials
B. Operating costs
I. Depreciation
II. Material and energy consumption
III. Foreign services
IV. Taxes and charges, including:
-excise duty
V. Salaries
VI. Social security and other benefits, including:
-pension
VII. Other generic costs
VIII. Value of goods and materials sold
C. Profit (loss) on sales (A-B)
D. Other operating income
I. Profit for the non-financial assets of fixed assets
II. Grants
III. Update of the value of non-financial assets
IV. Other operating income
E. Other operating costs
I. Loss of non-financial assets of fixed assets
II. Update of the value of non-financial assets
III. Other operating costs
F. Profit (loss) from operating activities (C + D-E)
G. Financial income
I. Dividends and profit shares, including:
(a) from related undertakings, including:
-in which the entity has an involvement in the capital
(b) from units remaining, including:
-in which the entity has an involvement in the capital
II. Interest, including:
-from affiliated units
III. Profit for the financial asset dissolution, including:
-in associated companies
IV. Update of financial assets
V. Other
H. Financial expenses
I. Interest, including:
-for associated entities
II. Loss on the financial asset dissolution, including
-in associated companies
III. Update of financial assets
IV. Other
I. Profit (loss) on the sale of all or part of the shares of subordinated units
J. Profit (loss) from business activity (F + G-H + /-I)
K. Odpis company value
I. A copy of the company's value-subsidiaries
II. Copy of goodwill-interdependent units
L. Odpis of the Company's negative value
I. Discription of the Company's negative value-subsidiaries
II. Copy of the negative goodwill-interdependent units
M. Profit (loss) of shares in subordinated units valued by the equity method
N. Profit (loss) gross (J-K + L + /-M)
O. Income Tax
P. Other obligatory profit reductions (increase in loss)
R. Gains (losses) of minorities
S. Profit (loss) net (N-O-P +/-R)
Annex 4. [ CONSOLIDATED CASH FLOW STATEMENT]
Annex No 4
CONSOLIDATED CASH FLOW ACCOUNT
(direct method)
A. Cash-flow from operating activities
I. Receipts
1. Sales
2. Other proceeds from operating activities
II. Expenditure
1. Delivery and Services
2. Net remuneration
3. Social and health insurance and other benefits
4. Taxes and public-law charges
5. Other operating expenditure
III. Net cash flow from operating activities (l-ll)
B. Cash flows from investment activities
I. Receipts
1. Dispute of intangible assets and property, tangible assets
2. Dispute of real estate investments and intangible assets
3. From financial assets, including
(a) in associated undertakings
(b) in other units
-divestment of financial assets
-dividends and shares in profits
-repayment of long-term loans granted
-interest
-other receipts from financial assets
4. Other Investment receipts
II. Expenditure
1. Acquisition of intangible assets and tangible fixed assets
2. Investments in immovable property and intangible assets
3. On financial assets, including
(a) in associated undertakings
(b) in other units
-acquisition of financial assets
-long-term loans granted
4. Dividends and other shareholdings in profits paid to minority shareholders
5. Other investment expenditure
III. Net cash flow from investment activities (l-ll)
C. Cash-flow from Financial Activity
I. Receipts
1. Net outflows from the issue of shares (share issue) and other equity instruments and capital payments
2. Credits and loans
3. Issuing of debt securities
4. Other financial influences
II. Expenditure
1. Acquisition of own shares (shares)
2. Dividends and other payments to the owners
3. Other than payments to owners of profit distribution expenses
4. repayment of loans and loans
5. Buyout of debt securities
6. From the title of other financial obligations
7. Payment of commitments under financial leasing contracts
8. Hundreds
9. Other financial expenses
III. Net cash flow from financial activities (l-ll)
D. Net cash flows, together (A. III + /-B. III + /-C. III)
E. Balance Sheet change of cash flow, including
-change in cash from exchange rate differences
F. Cash at the beginning of the period
G. Cash at end of period (F + /-D), including
-With Limited Disposal
CONSOLIDATED CASH FLOW ACCOUNT
(intermediate method)
A. Cash-flow from operating activities
I. Profit (loss) net
II. Total adjustments
1. Benefit (Loss) of Minorities
2. Profit (loss) from shares (shares) in units valued by the equity method
3. Amortization
4. Footnotes of goodwill
5. Footnotes of the negative goodwill
6. Profit (losses) from exchange rate differences
7. Hundreds and profits in profits (dividends)
8. Profit (loss) from investment activity
9. Change of the Reserve State
10. Change of stock
11. Change of receivables status
12. Change in the state of short-term liabilities, except for loans and loans
13. Change of the state of accruals
14. Other corrections from operating activities
III. Net cash flow from operating activities (I + /-II)
B. Cash flows from investment activities
I. Receipts
1. Dispute of intangible assets and property, tangible assets
2. Dispute of real estate investments and intangible assets
3. From financial assets, including
(a) in units valued by the equity method
(b) in other units
-divestment of financial assets
-dividends and shares in profits
-repayment of long-term loans granted
-interest
-other receipts from financial assets
4. Other Investment receipts
II. Expenditure
1. Acquisition of intangible assets and tangible fixed assets
2. Investments in immovable property and intangible assets
3. On financial assets, including
(a) in units valued by the equity method
(b) in other units
-acquisition of financial assets
-long-term loans granted
4. Dividends and other shareholdings in profits paid to minority shareholders
5. Other investment expenditure
III. Net cash flow from investment activities (l-ll)
C. Cash-flow from Financial Activity
I. Receipts
1. Net outflows from the issue of shares (share issue) and other equity instruments and capital payments
2. Credits and loans
3. Issuing of debt securities
4. Other financial influences
II. Expenditure
1. Acquisition of own shares (shares)
2. Dividends and other payments to the owners
3. Other than payments to owners of profit distribution expenses
4. repayment of loans and loans
5. Buyout of debt securities
6. From the title of other financial obligations
7. Payment of commitments under financial leasing contracts
8. Hundreds
9. Other financial expenses
III. Net cash flow from financial activities (l-ll)
D. Net Cash Flows together (A. III + /-B. III + /-C. III)
E. Balance Sheet change of cash flow, including
-change in cash from exchange rate differences
F. Cash at the beginning of the period
G. Cash at end of period (F + /-D), including
-With Limited Disposal
Annex 5. [ SUMMARY OF CHANGES IN CONSOLIDATED EQUITY]
Annex No 5
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (FUND) OWN [ 11]
I. Capital (fund) own for the beginning of the period (BO)
-correction of errors
I.a. Capital (fund) own for the beginning of the period (BO), after correction of errors
1. Core Capital (Fund) for the beginning of the period
1.1. Changes in core capital (funds)
(a) increase (from title)
-the issue of shares (share issue)
...
(b) reduction (from title)
-redemption of shares (shares)
...
1.2. Core Capital (Fund) at the end of the period
2. (repealed)
3. (repealed)
4. Backup Capital (Fund) for the beginning of the period
4.1. Changes in capital (fund)
(a) increase (from title)
-the issue of shares above par value
-profit distribution (statutory)
-profit distribution (above the statutory minimum value)
...
(b) reduction (from title)
-loss coverage
...
4.2. State of the reserve capital (fund) at the end of the period
5. Capital (fund) from revaluation at the beginning of the period
5.1. Revaluation of capital (fund) from revaluation
-changes in accounting policies
(a) increase (from title)
...
(b) reduction (from title)
-divestment of fixed assets
...
5.2. Capital (fund) from revaluation at the end of the period
6. Other reserves (funds) for the beginning of the period
6.1. Changes to the remaining reserves (funds)
(a) increase (from title)
...
(b) reduction (from title)
...
6.2. Other reserve capital (funds) at the end of the period
7. Currency differences from the translation
8. Profit (loss) from previous years to the beginning of the period
8.1. Profit from previous years to the beginning of the period
-correction of errors
-changes in accounting policies
8.2. Profit from previous years to the beginning of the period, after correction
(a) increase (from title)
-distribution of profit from previous years
...
(b) reduction (from title)
...
8.3. Profit from previous years at the end of the period
8.4. Loss from previous years to the beginning of the period
-correction of errors
-changes in accounting policies
8.5. Loss from previous years to the beginning of the period, after the correction
(a) increase (from title)
-transfer of loss from previous years to cover
...
(b) reduction (from title)
...
8.6. Loss from previous years at the end of the period
8.7. Profit (loss) from previous years at the end of the period
9. Net result
(a) net profit
(b) net loss
(c) deductions from profit
II. Equity (fund) equity at the end of the period (BZ)
III. Equity capital (fund), taking into account the proposed profit distribution (loss coverage)
Annex 6. [ ADDITIONAL INFORMATION AND CLARIFICATION OF THE CONSOLIDATED FINANCIAL STATEMENTS]
Annex No 6
ADDITIONAL INFORMATION AND CLARIFICATION OF THE CONSOLIDATED FINANCIAL STATEMENTS [ 12]
Additional information and explanations shall include in particular:
1.
1) data on the ownership structure of the parent undertaking's capital, with the extraction of shares held by the parent undertaking and other affiliated entities, and the number and nominal value of shares (shares), including the favoured;
2) the amount of goodwill or negative value of the company for each entity covered by the consolidated financial statements separately, with an indication of how they have been determined, an explanation of the period of their write-off and the amount of the hitherto made write-off depreciation or amortization, write-off for permanent impairment and adjustments for the sale of the part of the shares to which it was assigned;
(3) the figures, together with an explanation, ensuring the comparability of the financial statements in respect of the year preceding the report for the financial year; this information shall be disregarded if the parent undertaking draws up a revised comparative balance sheet and adjusted comparative profit and loss account;
4) information on the relevant events that occurred after the balance sheet date of the consolidated financial statements, and are not included in this report and of their impact on the property, financial situation and financial result;
5) information on relevant events concerning previous years, included in the consolidated financial statements, or information about significant errors concerning previous years included in the financial statements of the financial year, including the type of the error and the amount of the correction; information on the revenue and costs of errors committed in previous years in the financial year on the capital (fund) own, stating their quota and type;
6) a detailed scope of changes in the value of the types of tangible, intangible assets and long-term investments, containing the state of these assets for the beginning of the financial year, increase and decrease in the title of: update the values, acquisitions, internal movements and the final state, and for amortised assets-a similar representation of stocks and titles of changes to existing depreciation or redemptions;
7) the amount committed during the financial year of the write-off of the value of fixed assets separately for long-term non-financial assets and long-term financial assets;
8) the amount of the costs of completed development works together with an explanation of the period of their write-off;
9) the value of the land used for the perpetrals by the related entities;
10) the value of non-depreciated or dissented by the units of related fixed assets used on the basis of lease, lease and other contracts, including under lease agreements;
11) the number and value of holdings of securities or rights held, including certificates of interest, convertible debt securities, warrants and options, with an indication of the rights they grant;
12) data on the stock of reserves by the purpose of their formation at the beginning of the financial year, increases, use, solution and state at the end of the financial year;
13) data on the write-off of the value of receivables, with an indication of the state for the beginning of the financial year, increases, use, solution and standing at the end of the financial year;
14. the breakdown of long-term liabilities by balance sheet item with the remaining balance sheet date of the expected repayment period:
(a) up to 1 year,
(b) over 1 and up to 3 years,
(c) over 3 years to 5 years,
(d) over 5 years;
15) the total amount of the liabilities secured on the assets of the entities associated with the indication of the nature and form of these safeguards
16. the total amount of the contingent liabilities, including those granted by the related and associated guarantees and guarantees, including promissory notes, not shown in the balance sheet, with an indication of the obligations secured on the assets of those entities; and the nature and form of these safeguards; information on any obligations relating to pensions and similar benefits should be disclosed separately;
17) a list of relevant active positions and passive accruals, including the amount of active settlement of accrued costs representing the difference between the value of the financial assets received and the obligation to pay for them;
18. where the asset or liability is shown in more than one item of the balance sheet, its association between these items shall be presented in the notes; this applies in particular to the distribution of claims and liabilities to long-term and short-term parts;
19. in the case of assets other than financial instruments are measured at fair value:
(a) the relevant assumptions used to establish fair value where the data accepted to set this value do not come from an active market,
(b) for each category of asset that is not a financial instrument, the fair value shown in the balance sheet, as well as the corresponding revaluation effects included in the reporting period or the financial cost of the reporting period, or Revaluation capital during the reporting period,
(c) a table of changes in the capital of revaluations covering the state of capital for the beginning and end of the reporting period and its increase and decrease during the financial year.
2. information on joint ventures which are not subject to consolidation, including:
(a) the name of the activities of the Joint Undertaking
(b) the percentage share,
(c) the share of jointly controlled tangible assets and intangible assets,
(d) the commitments entered into for the purpose of the project or purchase of the tangible assets in use of the fixed assets,
(e) the part of the commitments jointly incurred,
(f) the revenue obtained from the Joint Undertaking and the costs associated with them,
(g) contingent and investment commitments relating to the Joint Undertaking.
3.
(1) the factual and territorial structure (s) of the net income from the sale of the goods and products shown in the consolidated profit and loss account, to the extent that these types and markets differ significantly from each other. the arrangements for the organisation of the sale of products and services;
2. the amount and explanation of the reasons for the write-off of the permanent measures;
(3) the amount of the write-down of stocks;
4. information on the revenue, costs and results of the activity abandoned in the financial year or the omission for the following year;
5. settlement of the difference between the taxable amount of income tax and the financial result (profit, loss) gross;
6) data on the cost of manufacturing of the products for their own needs, and in the case of the preparation of the consolidated profit and loss account in the calculation variant-with the generic costs:
(a) depreciation,
(b) consumption of materials and energy,
(c) foreign services,
(d) taxes and charges,
(e) salaries,
(f) insurance and other benefits, including pensions,
(g) other types of costs;
(7) the cost of creating fixed assets under construction and fixed assets for their own needs, including interest, and exchange differences, which have increased the cost of creating fixed assets under construction in the financial year;
(8) interest and exchange-rate differences, which have increased the purchase price of the goods or the cost of production of the products in the financial year;
9) incurred in the last year and planned for the following year investments for non-financial fixed assets; separate the incurred and planned investments in environmental protection shall be separately demonstrated;
10) the amount and nature of the individual items of income or costs of extraordinary value or which have occurred incidental.
4. For the position of the financial statements, expressed in foreign currency, the courses accepted for their valuation.
5. In the case of the consolidated financial statements drawn up for the period during which the related unit was connected:
(a) if the merger has been cleared by the acquisition method:
-the name (company) and description of the business object of the company taken over,
-the number, nominal value and type of shares (shares) issued for the purpose of the merger,
-the acquisition price, the value of the net assets at the fair value of the company taken over at the date of the merger, the goodwill or the negative goodwill and the description of the rules for its depreciation,
(b) if the merger has been cleared by the merger method:
-the names (companies) and description of the business object of the companies which, as a result of the merger, have been deleted from the register,
-the number, nominal value and type of shares (shares) issued for the purpose of the merger,
-revenue and expenses, profits and losses, and changes in the capital of the merged companies for the period from the beginning of the financial year during which the merger took place, until the date of the merger.
6.
(1) in the event of uncertainty as to the possibility of continuing the business of an associated entity, a description of those uncertainties and a statement that such uncertainty exists, as well as an indication of whether the consolidated financial statements contain The adjustment shall also include a description of the activities undertaken or planned by the parent undertaking or by the subsidiary to eliminate uncertainties;
2) an explanation of the structure of cash accepted into the cash flow statement, and where the cash flow statement is made by a direct method, in addition, it is necessary to provide an arrangement of the net cash flows from operating activities carried out by an indirect method; in the event of differences between changes in the balance of certain items in the balance sheet and changes in the same positions shown in the cash flow account, the reasons for their reasons should be clarified;
3. information on:
(a) the nature and economic purpose of the associated undertakings not included in the consolidated balance sheet to the extent necessary to assess their impact on the assets, financial and financial situation of the group,
(b) transactions (including their amounts) concluded by the parent undertaking or other undertakings included in the consolidated financial statements on terms other than market-related parties with related parties, by which the related parties are understood to be 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 (Dz. Urz. EU L 243, 11.09.2002, p. 1; Dz. Urz. EU Polish Special Edition, rozdz. 13, t. 29, p. 609, z późn. zm.), together with information determining the nature of the relationship with related parties and other information concerning the transactions necessary to understand their impact on the property, financial and financial result of the entity. Information on individual transactions may be grouped according to their nature, except where information on individual transactions is necessary to assess their impact on the entity's property, financial situation and financial result,
(c) on average in the financial year of employment, broken down by professional group together with the average number of persons employed in the units shown in the consolidated financial statements by a proportional method,
(d) the remuneration, including the remuneration of the profit, paid or payable to persons in the administrative, management and supervisory bodies of the parent undertaking awarded by the parent undertaking and its subsidiaries; and any obligations arising from pensions of a similar nature to the former members of those bodies or of commitments entered into in connection with those pensions, with an indication of the total amount for each category of authority,
(e) the amounts of advances, loans, loans and similar benefits provided to persons in the management, supervisory and administrative bodies of the parent undertaking of the parent undertaking and of its subsidiaries, with an indication of their main conditions, the interest rates and any amounts repaid, discharged or decommitted, as well as commitments entered into on their behalf by title of guarantees and guarantees of all kinds, with an indication of the total amount for each of those authorities,
(f) the remuneration of a certified auditor or entity authorized to audit financial statements, paid or due for the financial year, shall be separate from:
-compulsory examination of the annual consolidated financial statements of the capital group,
-other endorsing services,
-tax advisory services,
-other services,
(g) the name, address and seat of the units, together with the legal form in which the entities are associated with the undertakings which have unlimited liability;
4) other information about transactions with associated entities.
(7) Where other information than those mentioned above could materially affect the assessment of the property, financial situation and financial result of the related entities, this information should be disclosed.
[ 1] § 3 (3) 2 in the version set out in paragraph 1 (1) (c), a) of the Regulation of the Minister of Finance of 3 November 2015. amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 2] § 3 (3) 2a added by § 1 point 1 lit. b) of the Regulation of the Minister of Finance of 3 November 2015. amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 3] § 3 (3) 6 added by § 1 item 1 lit. c) of the Regulation of the Minister of Finance of 3 November 2015. amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 4] § 8 par. 1 in the wording set by § 1 item 2 of the Minister of Finance dated 3 November 2015. amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 5] § 11 par. 2 in the wording set by § 1 point 3 of the Minister of Finance dated 3 November 2015. amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 6] § 13 ust. 5 in the wording set by § 1 pt. 4 of the Minister of Finance dated 3 November 2015. amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 7] § 17 in the wording set by § 1 item 5 of the Minister of Finance dated 3 November 2015. amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 8] Annex No 1 as set out by § 1 item 6 of the Minister of Finance dated 3 November 2015 amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 9] Annex No 2 as set out by § 1 item 6 of the Minister of Finance dated 3 November 2015 amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 10] Annex No 3 as set out by § 1 item 6 of the Minister of Finance dated 3 November 2015 amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 11] Annex No 5 as set out by § 1 point 7 of the Minister of Finance of 3 November 2015 amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
[ 12] Annex No 6 as set out by § 1 point 8 of the Minister of Finance dated 3 November 2015. amending the Regulation on detailed rules for drawing up by entities other than banks, insurance undertakings and reinsurance undertakings of consolidated financial statements of groups of capital (Journal of Laws pos. 1957). The amendment came into force on 10 December 2015.
