(1) Where an enterprise included in the consolidated financial statements substantially influences the business and financial policies of an enterprise that is not consolidated, in which the enterprise holds a participating interest pursuant to section 271 (1) (associated enterprise), this participating interest is to be shown on the consolidated balance sheet in a separate item that is designated accordingly. Influence is assumed to be substantial where an enterprise holds no less than the fifth part of the shareholder voting rights in some other enterprise.
(2) Subsection (1) and section 312 are not required to be applied to a participating interest in an associated enterprise where the participating interest is immaterial for accurately presenting the group’s assets, liabilities, financial position and profit or loss in keeping with its actual circumstances.