Activities of Klaus-Heiner LEHNE related to 2009/0035(COD)
Plenary speeches (2)
Annual accounts of certain types of companies as regards micro-entities (debate)
Annual accounts of certain types of companies as regards micro-entities (debate)
Reports (2)
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a directive of the European Parliament and of the Council amending Council Directive 78/660/EEC on the annual accounts of certain types of companies as regards micro-entities PDF (156 KB) DOC (200 KB)
REPORT Report on the proposal for a directive of the European Parliament and of the Council amending Council Directive 78/660/EEC on the annual accounts of certain types of companies as regards micro-entities PDF (199 KB) DOC (229 KB)
Legal basis opinions (0)
Amendments (5)
Amendment 1 #
Proposal for a directive – amending act
Recital 5
Recital 5
(5) Micro-entities are in most cases engaged in business at local or regional level with no or limited cross-border activity, usually not exceeding 10 per cent of all incoming payments, and have limited resources to comply with demanding regulatory requirements. In addition, micro-entities are important for creating new jobs, fostering research and development and creating new economic activities.
Amendment 2 #
Proposal for a directive – amending act
Recital 6
Recital 6
(6) Micro-entities are however often subject to the same reporting rules as larger companies. Those rules put a burden on them which is not in proportion to their size and is therefore disproportionate for the smallest enterprises as compared to the larger enterprises. Therefore it should be possible to exempt micro-entities from the obligation to draw up annual accounts, even if such accounts provide an input for statistical information. However, micro- entities must still be subject to the obligation of cash-based accounting as a minimum standard to which Member States remain free to add further obligations.
Amendment 3 #
Proposal for a directive – amending act
Article 1
Article 1
Directive 78/660/EEC
Article 1 a – paragraph 1
Article 1 a – paragraph 1
1. Whilst maintaining the obligation of cash-based accounting, Member States may provide for an exemption from the obligations under this Directive for companies which on their balance -sheet dates do not exceed the limits of two of the three following criteria mentioned in points (a) to (c) and of the following criterion mentioned in point (d): (a) balance sheet total: EUR 500 000; (b) net turnover: EUR 1 000 000; (c) average number of employees during the financial year: 10; (d) incoming payments from cross-border activities in the European Union: 10 per cent of all incoming payments.
Amendment 4 #
Proposal for a directive – amending act
Article 1
Article 1
Directive 78/660/EEC
Article 1 a – paragraph 2 – subparagraph 1
Article 1 a – paragraph 2 – subparagraph 1
Where on its balance -sheet date, a company exceeds the limits of two of the three criteria set out in paragraph 1, points (a) to (c), and of the criterion set out in paragraph 1, point (d), in two consecutive financial years that company may no longer benefit from the exemption referred to in that paragraph.
Amendment 5 #
Proposal for a directive – amending act
Article 1
Article 1
Directive 78/660/EEC
Article 1 a – paragraph 2 – subparagraph 2
Article 1 a – paragraph 2 – subparagraph 2
Where on its balance -sheet date, a company has ceased to exceed the limits of two of the three criteria set out in paragraph 1, points (a) to (c), and of the criterion set out in paragraph 1, point (d), it may benefit from the exemption referred to in that paragraph, provided that it has not exceeded those limits in two consecutive financial years.