TERMINOLOGY, FORMS & METHODS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS. COPYRIGHT RODERICK SEEMAN

Article 7. Consolidated Income Statement The consolidated income statement must be prepared using as the base thereof the monetary amount of the income or expenses of the income statements of consolidated companies (concerning consolidated subsidiaries which settle their accounts based on the provisions of the main text of Article 12, the income statement in relation to that settlement. The same in the next article) in relation to the term corresponding to the consolidated business year of the company filing the consolidated financial statements.