Subsection 6: Closing of the financial year and appropriation of profits.

At the end of the financial year, the Director and the Accounting Officer in office jointly draw up the draft financial account in accordance with the conditions laid down by order of the Ministers for Health, Social Security and the Budget.

The financial account includes

1° The annual accounts, consisting of the balance sheet, income statement and notes.

2° An analysis of the implementation of the budget. To this end, the financial account :

-summarises the expenditure and revenue operations and includes a reminder of the expenditure and revenue forecasts entered in the last budget that was implemented;

includes a table for calculating self-financing capacity and a financing table for determining the change in working capital;

-shows, in particular, the accounting result for each of the profit and loss accounts and the result for all activities combined.

The notes referred to in 1° include, in particular, a presentation of the entities in which the institution is a stakeholder, as well as any significant events that occurred during the financial year. For each of these entities, accounting statements describe in particular, showing the resulting commitments for the public health institution:

a) The entity's main links with the public health institution and the nature of the control or significant influence ;

b) The amount of shareholders' equity and financial liabilities, fixed assets and assets made available to the entity by the public health care institution;

c) the entity's revenues and earnings, the annual contribution paid by the entity, the services billed to the entity by the entity and any significant transactions between the entity and the entity; and

d) Staff made available to the entity and their cost;

e) Off-balance sheet commitments made or received by the entity;

f) Any other significant item.

Subsidiaries and other legal entities over which the health care organisation exercises control within the meaning of Article L. 233-16 of the Commercial Code or significant influence within the meaning of Article L. 233-17-2 of the same code must be included in the accounting statements referred to in the eighth paragraph. An entity may not be taken into account if it represents only a negligible interest within the meaning of 2° of II of article L. 233-19 of the same code.