(1) Upon commencing commercial activities, every merchant is to create an exact register of their plots of real estate, their receivables and debt obligations, the amount of their cash funds, as well as of their other assets and, in the process, is to state the value of the individual assets and debt obligations.
(2) Thereafter, the merchant is to prepare such an inventory as per the close of every financial year. The duration of the financial year may not exceed twelve months. The inventory is to be prepared within a period commensurate with the due and proper course of business.
(3) Assets forming part of the tangible fixed assets as well as raw materials, auxiliary supplies and consumables may be recognised in an unchanging quantity and as having an unchanging value if they are replaced at regular intervals and if their total value is immaterial for the enterprise, provided that the stock of said raw materials, auxiliary supplies and consumables is subject to merely slight modifications in terms of its size, its value and its composition. However, stock is to be physically taken of the inventory, as a general rule, every three years.
(4) Like assets constituting the stocks of goods, as well as other like or nearly equivalent fungible assets and debt obligations, may be combined in each case to form a single group and may be recognised at the weighted average value.