Regulations Governing the Preparation of Financial Reports by Insurance Enterprises Article 30

An insurance enterprise shall prepare and present consolidated business reports and consolidated financial statements of affiliates as well as affiliation reports in accordance with the Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises adopted by the FSC.If the entities that must be included in consolidated financial statements of affiliates pursuant to the Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises are entirely the same as those that IFRS 10 requires to be included in preparing the consolidated financial report covering the parent and its subsidiaries, and if the required disclosures to be made in the consolidated financial statements of affiliates are already made in the consolidated financial report covering the parent and its subsidiaries, an insurance enterprise is not required to prepare a consolidated financial statements of affiliates, provided that a statement to that effect is made and presented on the front page of the consolidated financial report.