REGULATIONS CONCERNING TERMINOLOGY, FORMS AND METHODS OF PREPARATION OF FINANCIAL STATEMENTS, ETC. Copyright Roderick Seeman

Article 55. Notations of Classifications of Liabilities to Affiliated Companies

1. In those situations where the total notes payable trade or accounts payable trade which arose based on transactions with affiliated companies, exceed 1% of the total liabilities and capital, there must be an entry separately made concerning the said notes payable and accounts payable trade bearing the entry of notes receivable trade to affiliated companies and accounts payable trade to affiliated companies and the monetary amount thereof. However, in those situations where either of the notes payable trade to affiliated companies or accounts payable trade to affiliated companies, the monetary amount for which is less than 1% of the total of liabilities and capital, there may be an entry made of the total thereof only.

2. In those situations where the total of obligations which arose based on transactions with affiliated companies (excluding notes payable, accounts payable and those classified as falling under the provisions of Article 52, Paragraph 1), accrued expenses, or deferred income have monetary amounts exceeding 1% of the total liabilities and capital, there must be an entry made of the monetary amount thereof.

3. In those situations where there are liabilities to affiliated companies as provided for in the previous two paragraphs, for those liabilities other than those for which notations were required in the previous two paragraphs with a monetary amounting exceeding 1% of the total of liabilities and capital, there must be a note to that effect and the monetary value thereof.