(1) The assets and debt obligations of the enterprises included in the consolidated financial statements that have been incorporated in the consolidated financial statements pursuant to section 300 (2) are to be valued uniformly in accordance with the valuation methods applicable to the annual financial statements of the parent enterprise. Valuation options permissible pursuant to the laws governing the parent enterprise may be elected in the consolidated financial statements, independently of whether they have been elected in the annual financial statements of the enterprises included in the consolidated financial statements. Deviations from the valuation methods applied in drawing up the annual financial statements of the parent enterprise are to be stated in the notes to the consolidated financial statements and the reasons therefor are to be provided.
(2) If assets or debt obligations of the parent enterprise or of the subsidiary enterprises that are to be reported in the consolidated financial statements have been valued in the annual financial statements of these enterprises pursuant to methods that differ from those that are to be applied in drawing up the consolidated financial statements, or that are applied in drawing up the consolidated financial statements by the legal representatives of the parent enterprise, by way of electing valuation options, then the assets or debt obligations valued in deviation from those methods are to be re-valued in accordance with the valuation methods applied in drawing up the consolidated financial statements and are to be incorporated in the consolidated financial statements at the revalued amounts recognised for them. Values recognised as a consequence of the provisions governing credit institutions or insurance enterprises having been applied due to the specific nature of the line of business may be upheld; the notes to the consolidated financial statements are to indicate that this exemption has been applied. A uniform valuation pursuant to sentence 1 is not required to be performed if its effects are immaterial for accurately presenting the group’s assets, liabilities, financial position and profit or loss in keeping with its actual circumstances. Moreover, deviations are permissible in exceptional cases; they are to be stated in the notes to the consolidated financial statements and the reasons therefor are to be provided.
(3) (repealed)