BETA

Activities of Wolf KLINZ related to 2011/0308(COD)

Plenary speeches (1)

Financial statements and related reports of certain types of undertakings - Transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market (debate)
2016/11/22
Dossiers: 2011/0308(COD)

Amendments (5)

Amendment 40 #
Proposal for a directive
Recital 33
(33) The reports should serve to facilitate governments of resource-rich countries in implementing the EITI Principles and Criteria and account to their citizens for payments such governments receive from undertakings active in the extractive industry or loggers of primary forests operating within their jurisdiction. The report should incorporate disclosures on a country and project basis, where a project is considered as the lowest level of operational reporting unit at which the undertaking prepares regular internal management reports, such as a concession, geographical basin, etc and where payments have been attributed to such projects. In the light of the overall objective of promoting good governance in these countries, the materiality of payments to bAs regards materiality, the reported should be assessed in relation to the recipient government. Various criteria on materiality could be envisaged such as payments of an absolute amount, or a percentage threshold (such as payments in excess of a percentage of a country’s GDP) and these can be defined through a delegated actexclude any payments that do not exceed EUR 100 000 or payments that have been attributed to a project with an overall cost of less than EUR 1 million for the forestry sector and EUR 25 million for all other sectors. The reporting regime should be subject to a review and a report by the Commission within fivthree years of the entry into force of the Directive. The review should consider the effectiveness of the regime and take into account international developments including issues of competitiveness and energy security. The review should also take into account the experience of preparers and users of the payments information and consider whether it would be appropriate to include additional payment information such as effective tax rates and recipient details, such as bank account information.
2012/04/25
Committee: ECON
Amendment 97 #
Proposal for a directive
Article 37 – paragraph 2 a (new)
2a. The obligation referred to in paragraph 1 shall not apply in respect of any undertaking or entity that has a consolidated net turnover of less than EUR 500 million in the preceding financial year.
2012/04/25
Committee: ECON
Amendment 153 #
Proposal for a directive
Article 38 – paragraph 3 a (new)
3a. The report shall exclude any payments that do not exceed EUR 100 000 or payments that have been attributed to a project with an overall cost of less than EUR 1 million for the forestry sector and EUR 25 million for all other sectors.
2012/04/25
Committee: ECON
Amendment 178 #
Proposal for a directive
Article 39 – paragraph 3 a (new)
3a. The obligation referred to in paragraph 1 shall not apply in respect of any undertaking or entity that has a consolidated net turnover of less than EUR 500 million in the preceding financial year.
2012/04/25
Committee: ECON
Amendment 181 #
Proposal for a directive
Article 40 a (new)
Article 40 a Country-by-country reporting 1. All types of undertakings listed in Annex 1 shall be required to draw up and publish additional country-by-country statements regarding their consolidated activities in other countries when any of the following conditions are fulfilled: (a) the undertaking in question operates in a country where no legal entity has been set up; (b) the undertaking in question operates in a country in the form of a joint-venture undertaking. 2. For each activity referred to in paragraph 1, the country-by-country statements shall include: (a) net turnover; (b) cost of sales (including value adjustments); (c) gross profit or loss; (d) production; (e) distribution costs (including value adjustments); (f) administrative expenses (including value adjustments and aggregated remuneration ); (g) other operating income; (h) value adjustments in respect of financial assets and of investments held as current assets; (i) profit or loss before taxation; (j) profit or loss for the financial year; 3. The country-by-country statements shall be drawn up and published on consolidated basis in respect of each country in which the activities referred to in paragraph 1 are carried on. 4. The country-by-country statements shall be drawn up and published on an annual basis. 5. The obligations laid down in this Article shall not apply to any undertaking that has a consolidated net turnover of less than EUR 500 million in the preceding financial year.
2012/04/25
Committee: ECON