Common use of Annual Accounts Clause in Contracts

Annual Accounts. 1. The SUBSIDIARY COMPANY is required to prepare its annual accounts in such a way that the profit to be transferred or the loss to be assumed is shown as paya- bles to or receivables from the CONTROLLING COMPANY. 2. The annual accounts of the SUBSIDIARY COMPANY are to be prepared and ap- proved before the annual accounts of the CONTROLLING COMPANY. 3. Before being approved by the CONTROLLING COMPANY, the annual accounts of the SUBSIDIARY COMPANY are to be submitted for information, examination and consultation. 4. If the business year of the SUBSIDIARY COMPANY ends at the same time as the business year of the CONTROLLING COMPANY, the annual result of the SUB- SIDIARY COMPANY to be assumed is to be included in the annual accounts of the CONTROLLING COMPANY for the same business year.

Annual Accounts. 1. The SUBSIDIARY COMPANY is required to prepare its annual accounts in such a way that the profit to be transferred or the loss to be assumed is shown as paya- bles to or receivables from the CONTROLLING COMPANY. 2. The annual accounts of the SUBSIDIARY COMPANY are to be prepared and ap- proved before the annual accounts of the CONTROLLING COMPANY. 3. Before being approved by the CONTROLLING COMPANY, the annual accounts of the SUBSIDIARY COMPANY are to be submitted for information, examination and consultation. 4. If the business year of the SUBSIDIARY COMPANY ends at the same time as the business year of the CONTROLLING COMPANY, the annual result of the SUB- SIDIARY COMPANY to be assumed is to be included in the annual accounts of the CONTROLLING COMPANY for the same business year.

Annual Accounts. 1. The SUBSIDIARY COMPANY is required to prepare its annual accounts in such a way that the profit to be transferred or the loss to be assumed is shown as paya- bles pay- xxxxx to or receivables from the CONTROLLING COMPANY. 2. The annual accounts of the SUBSIDIARY COMPANY are to be prepared and ap- proved before the annual accounts of the CONTROLLING COMPANY. 3. Before being approved by the CONTROLLING COMPANY, the annual accounts of the SUBSIDIARY COMPANY are to be submitted for information, examination and consultation. 4. If the business year of the SUBSIDIARY COMPANY ends at the same time as the business year of the CONTROLLING COMPANY, the annual result of the SUB- SIDIARY COMPANY to be assumed is to be included in the annual accounts of the CONTROLLING COMPANY for the same business year.