Consolidated financial statements

Where a parent undertaking is obliged to prepare consolidated financial statements and a group management report, sections 114 and 115 apply with the following proviso:
1. The annual financial report must also contain the audited consolidated financial statements prepared in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (OJ EC No. L 243, p. 1), the group management report, a declaration in accordance with the requirements of section 297(2), fourth sentence, and section 315(1), fifth sentence, of the Commercial Code, and a certificate from the Chamber of Public Accountants under section 134(2a) of the Public Accountants Act concerning the registration of the statutory auditor, or a confirmation from the Chamber of Public Accountants under section 134(4), eighth sentence, of the Public Accountants Act concerning exemption from the registration requirement.
2. The parent undertaking must prepare and publish the half-yearly financial report for the parent undertaking and the totality of the subsidiary undertakings to be included. Section 115(3) applies correspondingly where the parent undertaking is obliged to prepare the consolidated financial statements in accordance with the international accounting standards and provisions referred to in section 315e(1) of the Commercial Code.
3. (repealed)