A second missed filing date is due to the complexity of absorbing an off-balance-sheet conduit into the German bank's results.

IKB Deutsche Industriebank will delay for a second time the filing of its results for the six-month period ended September 30. The filing was originally due on Nov 15.

The critical accounting issue involves the consolidation of an off-balance-sheet conduit, Rhineland Funding, into the company's financials. "The consolidation is extremely complex because it includes more than 30 companies of the conduit, which publish their own annual and interim financial statements," explained the German bank, which specializes in providing long-term financing to medium-size companies.

The changes affect the current year and the fiscal 2007 year.

The company noted that a precondition for preparing the half-year results for the current fiscal year is the restated and audited annual financial statement for the prior year. PricewaterhouseCoopers has been mandated by court order to verify the half-year results.