| |
Art. 34.
Inventories shall be taken in observance of the following time periods and cases:
- Once every two years for the tangible and the intangible long-term assets, once every five years for books in libraries, and no less than once a year for the other assets and liabilities in connection with the drawing up of the annual reports.
- In case the person in charge of the company's property is being replaced.
- When required by the Supervisory Board, the Prosecutor's office, the court and the National Audit Office.
- At the initiative of the executive manager of the enterprise.
Art. 35.
Inventory taking shall be carried out by a commission appointed by the executive manager of the enterprise, in which a certified accountant may take part who audits and verifies the report of the enterprise.
Art. 36.
- (1)
- Inventory taking shall be performed in the presence of the person in charge of the company's property, or a proxy whose power of attorney has been notarised.
- (2)
- 28 When the person in charge of the company's property fails to attend, the inventory taking shall be executed in the presence of his proxy; and in case the person is deceased, in the presence of his heirs, or a representative of the State, where so mandated by the law.
Art. 37.
- (1)
- Any surplus and shortage established in the course of the inventory taking may be offset against one another only in the presence of a cause and effect relation between them.
- (2)
- Any surplus not offset shall be carried as an extraordinary income.
- (3)
- Any shortage for which the person in charge of the company's property is not responsible shall be reported as an extraordinary expense.
Art. 38.
The persons in charge of the company's property shall bear full responsibility for any shortage not offset.
|
|
|
|
