1. The Member States shall ensure that the items shown in the annual accounts are valued in accordance with the following general principles:
(a) the company must be presumed to be carrying on its business as a going concern;
(b) the methods of valuation must be applied consistently from one financial year to another;
(c) valuation must be made on a prudent basis, and in particular:
(aa) only profits made at the balance sheet date may be included,
(bb) account must be taken of all liabilities arising in the course of the financial year concerned or of a previous one, even if such liabilities become apparent only between the date of the balance sheet and the date on which it is drawn up,
(cc) account must be taken of all depreciation, whether the result of the financial year is a loss or a profit;
(d) account must be taken of income and charges relating to the financial year, irrespective of the date of receipt or payment of such income or charges;
(e) the components of asset and l