9

Political organisations must, before 1 October each year, send the Icelandic National Audit Office its financial statements for the preceding year, in accordance with Article 8, and signed by auditors. Subsequently, the National Audit Office shall, as soon as possible, co-ordinate and publish a summary of the financial statements of each political organisation. The financial statements must contain information on total revenues and total costs. The summary must itemise income according to source, distinguishing among State contributions, municipal contributions, donations from legal entities, membership fees and donations from individuals and must also state the principal amounts on the political organisation's balance sheet. Specific mention must be made of all accepted discounts from market prices as well as sales of services, goods or assets at premium prices. The name of every legal entity that donates to political activities must be published as must the amount donated. Furthermore, the names of individuals that have provided donations valued at more than ISK 200,000 must also be published.