Group of limited proportions

(Company Code Art. 16)

A parent company of a group has control over one or more subsidiaries. Firms that form a consortium are treated as a parent company.

Thresholds for groups of limited proportions (on a consolidated basis)

Workforce 250 FTE
Turnover 34.000.000 euro
Balance sheet total 17.000.000 euro

If no more than 1 criterion is exceeded, this is referred to as a group of limited proportions. In such cases, the parent company is exempt from consolidation.

In all other cases, consolidated annual accounts must be submitted

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