General
Obligation to prepare consolidated
1 § A parent shall, for each financial year, prepare consolidated under this Act, subject of 2 or 3 §. Create (1999:1112).
2 § A parent that is a subsidiary need not present consolidated financial statements, to
1. company and all its subsidiaries to consolidated financial statements drawn up by a parent parent, and
2. the parent the parent company have been prepared and audited in accordance with legislation that has been introduced in accordance with the European Communities Directive of 13 June 1983 on consolidated accounts (83/349/EEG) , or equivalent.
The first paragraph also applies if any subsidiary of the reasons set out in 5 § the second or third paragraph, are not subject to the consolidated financial statements prepared.
A parent who by virtue of the first paragraph is not itself has prepared consolidated financial statements shall file the parent the parent's consolidated financial statements and consolidated audit report to the registration authority under the provisions of 8 Chapter. 3, 3 a and 3 c § §. It is said in 8 Chapter. 3 b § also apply when such a filing. Registration Authority shall be as specified in 8 Chapter. 4 § announce that the documents have been filed. If the documents are not written in Swedish, registration authority must submit to the parent to provide a certified translation into Swedish. Such an order shall be issued if someone requests it. If the parent, in case it had established a consolidated, as 8 Chapter. 3 and 16 § § would not have been obliged to give up this and the audit report to the registration authority, to what the said clauses is said that the documents should be made available instead applied to the parent the parent company consolidated and consolidated audit report.
The first paragraph does not,
1. if a partner who has an equity stake in the parent of at least ten per cent six months before the financial year of the parent company's board of directors or equivalent governing body has demanded that the consolidated financial statements shall be prepared, or
2. of shares in the parent company or the parent company debt issued are admitted to trading on a regulated market.
Whoever under the first paragraph does not prepare consolidated financial statements should disclose this in the notes to the financial statements and communicate the name, corporate or, where appropriate, number as well as the seat of the parent undertaking that draws up the piece in the consolidated financial statements. Create (2008:89).
3 § Parent in smaller groups need not present consolidated financial statements. Create (2009:34).
Consolidated parts
4 § The consolidated financial statements shall consist of
1. one consolidated balance sheet,
2. one consolidated,
3. note,
4. a management report, and
5. a cash flow statement. Create (2006:871).
Subsidiaries to be included in the consolidated financial statements
5 § The consolidated financial statements shall include all subsidiaries, subject of the second or third paragraph.
A subsidiary does not have to be consolidated, if the company is not material with respect to the requirement in 6 § the true image. If several subsidiaries together have more than such trivial, they shall be consolidated.
A subsidiary does not have to be consolidated, to
1. severe long-term restrictions substantially hinder the parent undertaking to exert its influence over the subsidiary,
2. information necessary to prepare consolidated financial statements can not be obtained without disproportionate expense or undue delay, or
3. interests in the subsidiary held temporarily and solely for the purpose of resale.
A company that applies the second or third paragraph, in the notes disclose the reasons for this. Create (1999:1112).
Principles of consolidation
Clarity, GAAP and fair view
6 § The consolidated financial statements shall be prepared in an orderly manner and in accordance with generally accepted accounting principles.
The consolidated balance sheet, the consolidated income statement and the notes will be implemented as a whole and present a true and fair view of the position and performance of the companies, regarded as a unit, included in the consolidated financial statements. The provisions of 2 Chapter. 3 § first paragraph, second sentence and second paragraph shall also apply to the consolidated financial statements. Create (1999:1112).
Other basic accounting mM.
7 § For the consolidated financial statements the following provisions of 2 get.:
4 § other basic accounting,
5 § about language and form,
6 § on currency, and
7 § on the signature.
The consolidated financial statements of their amount in the currency of the parent company's annual report. Create (2000:34).
The consolidated balance sheet and consolidated income statement
8 § The consolidated balance sheet and consolidated income statement shall each constitute a compilation of the balance sheets and income statements of the parent company and the subsidiaries included in the consolidated financial statements. Should be taken on the application of 9-13 § § and 18-23 §§. In accounting for shares in companies other than subsidiaries shall 25-30 § § beaktas. In other respects 3 Chapter. What is said there about larger and smaller companies, however, instead refer to larger and smaller groups. Create (2006:871).
Minority interests
9 § The portion of shareholders' equity and net income of a subsidiary tax arising on shares owned by someone other than the Group companies included in the consolidated financial statements shall be accounted for as separate items in the consolidated balance sheet and consolidated income statement. Create (1999:1112).
Balance
10 § The consolidated financial statements should relate to the parent company's balance sheet.
If a subsidiary's balance sheet is more than three months before the parent company's balance sheet, the subsidiary is included in the consolidated financial statements on the basis of a balance sheet relating to the parent company's balance sheet and an income statement relating to the parent company's financial.
If a subsidiary's balance sheet is more than three months before the parent company's balance sheet, requires disclosure of events that are important to assess the subsidiary's financial position and results that have occurred between the subsidiary and the parent company's balance sheet dates. Create (1999:1112).
Värderingsregler
11 § The provisions of 4 Chapter. also apply to the consolidated financial statements. Create (1999:1112).
12 § The consolidated financial statements and annual report shall be prepared on common principles for the valuation of assets, provisions and liabilities. Different measurement principles to be used, if there are special reasons. In such cases, this disclosure in note stating the reasons for the deviation.
Have any of the Group companies included in the consolidated financial statements applied the other principles of valuation of assets, provisions and liabilities than those applied in the consolidated balance sheet, these assets, provisions and liabilities are translated at the latter principles.
If there are special reasons, and it is compatible with 6 §, may deviate from the provisions of the second paragraph. Such deviation may also be made, if a conversion with respect to the requirement for accuracy are of little importance. In these cases, the explanation of the reasons for the deviation mentioned in the notes. Create (2004:1173).
Eliminations between group companies
13 § Receivables and payables between consolidated companies, and internal gains, be eliminated in the consolidated balance sheet.
Revenues and expenses, relating to transactions between Group companies, as well as the change in internal profit in the financial year, be eliminated in the consolidated income statement.
What is said in the first and second paragraphs of elimination of receivables and payables, income and expenses and internal gains will not apply if the amount is not material with respect to the requirement in 6 § the true image.
With internal profit means either a gain on the sale of an asset within the Group or the parent accrued share of such profits, to the extent that the asset has not subsequently transferred to a purchaser outside the group or have been consumed or its value has been reduced, with the company within the Group has acquired asset. Information on the internal profit concept that has been applied must be disclosed in the notes. Create (1999:1112).
Tilläggsupplysningar
Additional general information
14 § The rules on disclosures in 5 Chapter. 2-7 And 10-13 § §, 14 § second and third paragraphs, 15-18 § § and 18 b-25 § § also apply to the consolidated financial statements. It is said that the larger companies will instead refer to large groups, and it is said about smaller companies should instead refer to smaller groups. It is said in 5 Chapter. 18 b § the average number of employees shall refer to the average number of Group employees. The supplementary disclosures shall be provided in the manner specified in 5 Chapter. 1 § first paragraph, second and third sentences, and the second paragraph of the same section.
Notwithstanding the first paragraph, tasks under 5 Chapter. 20 § third paragraph, third sentence, and 5 Chapter. 22 § second paragraph, third sentence is omitted in the case of subsidiaries. In applying the foregoing provisions, however, the information provided also include salaries and other benefits from group companies. Create (2009:34).
Changes in Group structure
15 § If the composition of the companies included in the consolidated financial statements have changed significantly during the financial year, , such information is provided that makes it possible to compare the successive consolidated financial statements. Create (1999:1112).
Information on subsidiaries and certain other businesses
16 § For each subsidiary and affiliated companies, its name, corporate and registered office. It should also indicate the equity, calculated by applying 1 Chapter. 6 §, which Group companies hold in the company.
The first subparagraph shall also apply in respect of other companies in which a group company itself or in the manner specified in 1 Chapter. 6 § holds an equity share of at least 20 percentage. Information on these companies need not be provided if data with respect to the requirement for accuracy are of little importance.
In the consolidated accounts, the basis for an enterprise is classified as subsidiaries listed. This information may be omitted, if the parent company holds more than half of the votes for all shares and share capital of the subsidiary is equal to the proportion of voting rights. Create (1999:1112).
17 § Companies Registration Office may allow the information is not required in response to 16 § first and second paragraphs, If the information is of such a nature that they can cause serious harm to the parent or to any of the companies listed. Create (2004:244).
The subsidiary should be included in the consolidated financial statements
18 § Compilation of parents and subsidiaries shall be made by any of the methods specified in 19-22 a § § or 23 §. Create (2004:1173).
Förvärvsmetoden
19 § In the consolidated balance sheet, the book value of the parent company's interests in a subsidiary be set off against the share of the subsidiary's equity paid on the shares on acquisition. Create (1999:1112).
20 § The acquisition of shares in a company or through the acquisition becomes a subsidiary the parent undertaking shall establish an acquisition analysis to establish the net cost to the Group and the cost of the Group of the subsidiary's assets, provisions and liabilities. Create (1999:1112).
21 § If the cost of the Group of the subsidiary's assets, provisions or liabilities according to the analysis differs from their carrying amounts in the subsidiary's balance sheet, the values in the consolidated balance sheet is adjusted accordingly. The sum of these adjustments shall be deducted from the amount difference arising on the settlement of 19 §. Create (1999:1112).
22 § If, after a deduction under the 21 § there is a positive difference amount, this shall be recorded as goodwill in the consolidated balance sheet. The provisions of 4 Chapter. 4 and 5 § § also apply to such goodwill.
If, after a deduction under the 21 § there is a negative difference amount equal to one at the acquisition date expected adverse results or developments anticipated expenses of the subsidiary, , this difference amounts reported in the consolidated balance sheet. Difference amount may dissolve and be recognized as the expectations are met.
If the positive and negative difference amounts offset against each other, should disclose the difference amounts disclosed in the notes. Create (2004:1173).
22 a § If a company has acquired another company by paying with shares which it has issued and control of the acquiring company as a result of it has been transferred to new owners (reverse acquisition), for the purposes of 19- 22 § § the acquired company is considered as a parent and the acquiring company be considered a subsidiary. Create (2003:774).
Pooling method
23 § The book value of the parent company's interests in a subsidiary may be eliminated in the consolidated balance sheet by offsetting against the share of the subsidiary's equity paid on the parent company's shares in the subsidiary at the acquisition without 20-22 § § apply, to
1. the parent company's shares in the subsidiary represents more than 90 percent of the nominal value of all shares in the subsidiary,
2. shares acquired by the parent company has issued shares which have been issued as consideration for the shares in the subsidiary,
3. the cash payment for the acquired shares does not exceed ten percent of the issued share of the nominal value, and
4. it is otherwise consistent with the requirement of generally accepted accounting principles and the requirement of 6 § the true image.
The difference amounts resulting from the application of the first paragraph shall be added to or deducted from equity in the consolidated balance sheet.
Information on the first paragraph has been applied shall be given in a note. There will also be information about the changes in equity that action has and the name, corporate and registered office of the subsidiaries concerned. Create (1999:1112).
24 § Repealed by Act (2004:1173).
How investments in associated companies and other companies should be included in the consolidated accounts
Kapitalandelsmetoden
25 § Shares in associated companies should be recognized in the consolidated balance sheet and consolidated income statement under the provisions of 26-29 §§, subject of the third paragraph, or 30 §.
For the purposes of the first paragraph, the provisions of 12 § valuation and 13 § the internal profit elimination applied, unless there are specific barriers to this. With internal profit is then referred to the percentage of profit that is attributable to the parent company at transfers between associated companies and subsidiaries.
An associated need not be reported under subparagraph, to
1. it has little significance in view of the requirement in 6 § the true image, or
2. conditions equivalent to those specified in 5 § third paragraph.
On applying the third paragraph, in the notes disclose the reasons for this. Create (1999:1112).
26 § The first time shares in an associate are recognized in the consolidated balance sheet, the parent first make an estimate of their value according to 4 Chapter. 3 § first and second paragraphs, 5 § first to third paragraphs and 6 § first paragraph.
The difference between the value resulting from the first paragraph and the share of the associate's equity that is attributable to the shares shall be disclosed separately in the balance sheet or in the notes. Difference amount shall be calculated based on the conditions at the time of acquisition. If there are special reasons, receive the difference is calculated based on the conditions at the time when the equity method is applied for the first time.
If at a calculation in accordance with the second paragraph is a positive difference amounts, shall be the amount calculated under subparagraph reduced by depreciation or impairment of 4 Chapter. 4 and 5 §§, calculated on the basis of the stated amount of the difference. The part of the difference is not attributable to any particular type of asset, provision or liability shall be deemed as goodwill.
The amount has been calculated as aforesaid shall be further adjusted by adding or deducting the share of the associate's profit or loss for the year attributable to shares. In addition, the deduction for dividends received from associated company. Consideration must also be given to other changes in the associate's equity. The shares shall be consolidated balance sheet are stated at the value corresponding to the amount remaining. Create (1999:1112).
27 § When an associate is the parent of a group, referred to the company's equity 26 § second paragraph as one of the associate prepared consolidated financial statements are recognized as such mail. Create (1999:1112).
28 § In subsequent consolidated balance sheets, the percentage referred to in 25 § admitted to the value they are admitted to the most recent consolidated balance sheet. This value shall be adjusted by applying 26 §.
If the shares by an application of 26 § first, third and fourth paragraphs are taken up to a higher value than in the previous consolidated balance sheet, the difference is added to an equity fund. Create (1999:1112).
29 § When reporting in 26-28 § § the share of associate's profit or loss attributable to shares are recognized as income or expense in the consolidated income statement. Dividends received from associated companies shall not be recognized as revenue. Create (1999:1112).
The proportional method
30 § A company subject to consolidated financial statements and that, together with one or more companies, not included in the consolidated financial statements, leads another company that is not a subsidiary, must report its stake in the latter company under subparagraph.
In the consolidated balance sheet may be taken up such a large proportion of the subordinate company assets, provisions and liabilities relating to the participating share. In the consolidated income statement may be taken up such a large proportion of the subordinate company's revenues and expenses which relate to ownership. In reporting under this subparagraph shall 10-13, 15 and 19-22 § § apply. A company that applies this section shall, in a note to inform the reasons for this. Assignment of 5 Chapter. 18 § must be shown separately for each company for which ownership is recognized under this section. Create (1999:1112).
Directors' report and financial analysis
31 § Management Report and financial analysis for the Group shall be prepared on a 6 Chapter. 1 § and 2 A-5 § §. It is said in 6 Chapter. 1 § if smaller companies should instead refer to smaller groups.
If the parent company is a limited liability and the Company or any of its subsidiaries' shares, warrants or debt securities are admitted to trading on a regulated market, be it in the Report disclosed on the key elements of the Group's system of internal control and risk management in conjunction with the consolidated financial statements.
If the parent has established a corporate governance report does not constitute a part of the management report and the report have been taken with such information about the group referred to in the second paragraph, need information is not sent also in the consolidated financial statements. In such cases, however, the Directors' Report for the Group include an indication of the place in the report where the information is provided. Create (2009:34).
Consolidated accounts of the parent undertaking governed by IAS- Regulation
32 § A company covered by Article 4 European Parliament and Council Regulation (EG) No 1606/2002 of the 19 July 2002 on the application of international accounting standards should apply only the following provisions of this Chapter:
1. 1-3 § § on the obligation to prepare consolidated,
2. 4 § first paragraph 4 the management report,
3. 7 § What are the references to 2 Chapter. 5 § of language and form, and 2 Chapter. 7 § on the signature,
4. 12 § first paragraph of valuation principles,
5. 14 § What are the references to the following provisions of 5 get.:
– 4 § the information on rateable,
– 12 § on loans to executive officers,
– 15 § the first and third paragraphs of an economic union equity,
– 18 § the average number of employees during the financial year,
– 18 b § on the gender distribution among senior executives,
– 20 § first paragraph 1 and second and third paragraphs and 21 § on wages, remuneration and social costs,
– 22 § for pensions and similar benefits,
– 23 § the previous Board and Chief Executive Officer,
– 24 § the deputy and vice president, and
– 25 § on severance agreements,
6. 31 § first paragraph, terms of references to 6 Chapter. 1 and 2 a-4 § § of annual report content, and
7. 31 § second and third paragraphs of the Group's system of internal control and risk management.
A company referred to in the first paragraph need not submit information under 6 Chapter. 1 §, if this information is provided elsewhere in this report. In such cases, the management report for the group include a reference to where the data have been. Create (2009:34).
33 § firms other than those referred to in 32 § must prepare consolidated financial statements under the international accounting standards referred to in the European Parliament and Council Regulation (EG) No 1606/2002 of the 19 July 2002 on the application of international accounting standards. In such case the 32 §. Create (2004:1173).