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Book 3 · Commercial records  ›  Title 4 · Full consolidation › Section 303

Consolidation of debt obligations

(1) Loans and other receivables, provisions and liabilities between the enterprises included in the consolidated financial statements as well as the corresponding accrued and deferred items are to be eliminated.

(2) Subsection (1) is not required to be applied if the amounts to be eliminated are immaterial for accurately presenting the group’s assets, liabilities, financial position and profit or loss in keeping with its actual circumstances.

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