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)
|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