In general, both domestic and foreign companies must be
included in the consolidated financial statements. Group financial
statements comprise a consolidated balance sheet, a consolidat-
ed income statement, and notes to the financial statements, as
well as a report on the business trends and outlook of the group
The consolidated financial statements
must include a cash fow statement showing the cash fows of
the period and a statement of changes in equity showing the
changes in consolidated equity and comprehensive income.
Optionally, segment reporting may be provided together with the
consolidated financial statements.
Consolidated financial statements must be prepared if at least
two of the criteria exhibited below have been met on both the
reporting balance sheet date and the preceding balance sheet
date. The financial statements that are included in the consoli-
dated financial statements must be prepared using the same ac-
counting and valuation policies as those of the parent company.