National Cultural Affairs Foundations Accounting Standards and Financial Reporting Standards Article 28

Subsidiary organizations of cultural foundations established in accordance with other laws and regulations shall perform accounting affairs and operate independently on a regular basis. However, their balances shall be listed in the income and expenditure of the cultural foundation at the end of the fiscal year for consolidated management and usage. They may not prepare separate annual income and expenditure budgets or final accounts.The foundation's balance of the accounts from the previous fiscal year may be used as a source of income for expenditures in the next fiscal year.