2. What are permitted not to draw up a management report, a cash flow statement and statement of changes in equity, not to calculate and specify the amounts of deferred tax assets and obligations in the financial report and to draw up a shorted annex?
Companies, which on the balance sheet date do not exceed 2 of the criteria referred to in Paragraph two of Section 54 ("Annual Accounts Law"):
1) balance sheet total – 400 000 EUR, 2) net turnover – 800 000 EUR, 3) average number of employees in the accounting year – 25.
In the shortened annex it is permitted not to provide the information:
1) about loan which may be converted into stock and loan has been obtained against the security of bonds or other debt documents, 2) subsidiary company actions with parent company stocks or shares, 3) financial instrument revaluation reserve in the subdivision
