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(145)-CONSOLIDATION

Sunday, April 4, 2010

Consolidation

An undertaking S is a subsidiary undertaking of H of:
  • S is a subsidiary of H, i.e. H is a member of S and either holds pr controls > 50% of the voting rights or controls the board;
  • S is a subsidiary because it is a subsidiary of a subsidiary of H;
  • H has the right to exercise a dominant influence over S;
  • H has a participating interest in S and either actually exercises a dominant influence over S or H and S are managed on a unified basis.

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