(1) The consolidated financial statements are to include the parent enterprise and all subsidiary enterprises, without regard to the seat and the legal form of the subsidiary enterprises, unless no such inclusion takes place pursuant to section 296.
(2) In the event of the composition of the enterprises included in the consolidated financial statements having undergone a material change in the course of the financial year, the consolidated financial statements are to provide information allowing a meaningful comparison of the consecutive consolidated financial statements.
(3) The subsidiary enterprises are to submit to the parent enterprise, without undue delay, their annual financial statements, standalone financial statements pursuant to section 325 (2a), management reports, separate non-financial reports, consolidated financial statements, consolidated management reports, separate consolidated non-financial reports and, where a statutory audit has been performed, the auditor’s additional reports as well as, where interim financial statements are to be drawn up, financial statements drawn up as per the cut-off date for the consolidated financial statements. The parent enterprise may demand, from any of its subsidiary enterprises, all clarifications and proof that are required in order to draw up the consolidated financial statements, the consolidated management report and the separate consolidated non-financial reports.