Simplifications for small and medium-sized undertakings
Article 31
1. Member States may exempt small undertakings from the obligation to publish their profit and loss accounts and management reports. 2. Member States may permit medium-sized undertakings to publish: (a) abridged balance sheets showing only those items preceded by letters and roman numerals in Annexes III and IV and disclosing separately, either in the balance sheet or in the notes to the financial statements: (i) C (I) (3), C (II) (1), (2), (3) and (4), C (III) (1), (2), (3) and (4), D (II) (2), (3) and (6) and D (III) (1) and (2) under ‧Assets‧ and C, (1), (2), (6), (7) and (9) under ‧Capital, reserves and liabilities‧ in Annex III, (ii) C (I) (3), C (II) (1), (2), (3) and (4), C (III) (1), (2), (3) and (4), D (II) (2), (3) and (6), D (III) (1) and (2), F (1), (2), (6), (7) and (9) and (I) (1), (2), (6), (7) and (9) in Annex IV, (iii) the information required as indicated in brackets in D (II) under ‧Assets‧ and C under ‧Capital, reserves and liabilities‧ in Annex III, in total for all the items concerned and separately for D (II) (2) and (3) under ‧Assets‧ and C (1), (2), (6), (7) and (9) under ‧Capital, reserves and liabilities‧, (iv) the information required as indicated in brackets in D (II) in Annex IV, in total for all the items concerned, and separately for D (II) (2) and (3); (b) abridged notes to their financial statements without the information required in points (f) and (j) of Article 17(1). This paragraph shall be without prejudice to Article 30(1), in so far as that Article relates to the profit and loss account, the management report and the opinion of the statutory auditor or audit firm.