(1) The consolidated financial statements consist of the consolidated balance sheet, the consolidated profit and loss account, the notes to the consolidated financial statements, the statement of cash flows and the statement of changes in equity. They may be supplemented by segment reporting.
(1a) The consolidated financial statements are to state the business name, seat, court of registration and the number under which the parent enterprise has been entered in the Commercial Register. Where the parent enterprise is in liquidation or in the process of being wound up, this is to be disclosed as well.
(2) The consolidated financial statements are to be drawn up such that they are transparent and clearly arranged. They are to present accurately the group’s assets, liabilities, financial position and profit or loss in keeping with its actual circumstances and are to comply with the principles of proper accounting. Where special circumstances result in the consolidated financial statements not accurately presenting the actual circumstances within the meaning of sentence 2, the notes to the consolidated financial statements are to provide additional information. The members of the representative body of a parent enterprise that issues securities (section 2 (1) of the Securities Trading Act as a domestic issuer (section 2 (14) of the Securities Trading Act) and that is not a share capital company within the meaning of section 327a are to give an assurance in a written declaration to be attached to the consolidated financial statements that, to the best of their knowledge, the consolidated financial statements accurately present the actual circumstances within the meaning of sentence 2 or that the notes to the consolidated financial statements include information pursuant to sentence 3.
(3) The consolidated financial statements are to present the assets, liabilities, financial position and profit or loss of the enterprises included in them as if these enterprises collectively were one single enterprise. The consolidation methods applied in drawing up the previous consolidated financial statements are to be upheld. In exceptional cases, it will be permissible to act in derogation from sentence 2. Such exceptional cases are to be stated in the notes to the consolidated financial statements and the reasons therefor are to be provided. Their influence on the assets, liabilities, financial position and profit or loss of the group is to be stated.