It is the amount recorded on the last day of the fiscal

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It is prepared solely for corporate purposes (such as the special balance sheet) and, therefore, has no effect on the company’s accounting records. When preparing the ordinary balance sheet following the determination balance sheet, the accountant must disregard it entirely. For example, if the determination balance sheet, prepared for the purposes of art. 246, had to include in the assets a technology owned by the company, which was not recorded in the accounting records (and should not have been, because it had not been “acquired”, but rather “developed”), this intangible asset will once again be ignored in the subsequent ordinary balance sheet.

The determination balance sheet adopts a different accounting bulk sms iran appropriation criterion than the ordinary or special balance sheets. Its preparation presupposes the prior assessment or reassessment of the company's assets and liabilities, at the exit price (market value) and no longer at the acquisition cost. The assessment or reassessment is carried out by professionals qualified for the job, not necessarily by the accountant. It is up to the accountant, based on the experts' reports, to prepare the determination balance sheet and indicate the value of the PL, which will be used to calculate the real equity value of the shares of the companies involved in the transaction.

Obviously, the determination balance sheets presented to shareholders for the purposes of art. 246 (right of dissenters to choose reimbursement at the real equity value) are subject to judicial scrutiny. Each item of revalued assets or liabilities of each company involved in the transaction, including those in which it does not participate, may be subject to judicial challenge by the minority shareholder who disagrees with the value attributed by the determination balance sheet. However, it is the minority shareholder's burden of proof to demonstrate the inaccuracy of the accounting statement.