[ParlTrack]

Proposal for a directive
Article 8 a (new)

Article 8a Layout of the balance sheet For the presentation of the balance sheet, Member States must require one or both of the layouts set out in Articles 9 and 9a. If a Member State permits both layouts, it must allow undertakings to choose which of the prescribed layouts to adopt.

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 9 – title

Layout of the balance sheet - (A)

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 9 – Assets – point A – subparagraph 2

(unless national law provides that called-up capital ~~be shown~~may be included under ‘capital and reserves’. In that case, the part of the capital called but not yet paid shall appear as an asset either under A or under C (II) (5)).

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 9 a (new)

Article 9a Layout of balance sheet - (B) A. Subscribed capital unpaid of which there has been called (unless national law provides that called- up capital may be included under L. In that case, the part of the capital called but not yet paid must appear either under A or under D (II) (5)). B. Formation expenses as defined by national law, and in so far as national law permits their being shown as an asset. National law may also provide for formation expenses to be shown as the first item under 'Intangible assets'. C. Fixed assets I. Intangible assets 1. Costs of development, in so far as national law permits their being shown as assets. 2. Concessions, patents, licences, trade marks and similar rights and assets, if they were: (a) acquired for valuable consideration and need not be shown under C (I) (3); or (b) created by the undertaking itself, in so far as national law permits their being shown as assets. 3. Goodwill, to the extent that it was acquired for valuable consideration. 4. Payments on account. II. Tangible assets 1. Land and buildings. 2. Plant and machinery. 3. Other fixtures and fittings, tools and equipment. 4. Payments on account and tangible assets in course of construction. III. Financial assets 1. Shares in affiliated undertakings. 2. Loans to affiliated undertakings. 3. Participating interests. 4. Loans to undertakings with which the company is linked by virtue of participating interests. 5. Investments held as fixed assets. 6. Other loans. D. Current assets I. Stocks 1. Raw materials and consumables. 2. Work in progress. 3. Finished goods and goods for resale. 4. Payments on account. II. Debtors (Amounts becoming due and payable after more than one year must be shown separately for each item.) 1. Trade debtors. 2. Amounts owed by affiliated undertakings. 3. Amounts owed by undertakings with which the company is linked by virtue of participating interests. 4. Other debtors. 5. Subscribed capital called but not paid (unless national law provides that called- up capital be shown under A). 6. Prepayments and accrued income (unless national law provides that such items be shown under E). III. Investments 1. Shares in affiliated undertakings. 2. Own shares (with an indication of their nominal value or, in the absence of a nominal value, their accounting par value) to the extent that national law permits their being shown in the balance sheet. 3. Other investments. IV. Cash at bank and in hand E. Prepayments and accrued income (unless national law provides for such items to be shown under D(II) (6)). F. Creditors: amounts be coming due and payable within one year 1. Debenture loans, showing convertible loans separately. 2. Amounts owed to credit institutions. 3. Payments received on account of orders in so far as they are not shown separately as deductions from stocks. 4. Trade creditors. 5. Bills of exchange payable. 6. Amounts owed to affiliated undertakings. 7. Amounts owed to undertakings with which the company is linked by virtue of participating interests. 8. Other creditors including tax and social security. 9. Accruals and deferred income (unless national law provides for such items to be shown under K). G. Net current assets/liabilities (taking into account prepayments and accrued income when shown under E and accruals and deferred income when shown under K). H. Total assets less current liabilities I. Creditors: amounts becoming due and payable after more than one year 1. Debenture loans, showing convertible loans separately. 2. Amounts owed to credit institutions. 3. Payments received on account of orders in so far as they are not shown separately as deductions from stocks. 4. Trade creditors. 5. Bills of exchange payable. 6. Amounts owed to affiliated undertakings. 7. Amounts owed to undertakings with which the company is linked by virtue of participating interests. 8. Other creditors including tax and social security. 9. Accruals and deferred income (unless national law provides for such items to be shown under K). J. Provisions 1. Provisions for pensions and similar obligations. 2. Provisions for taxation. 3. Other provisions. K. Accruals and deferred income (unless national law provides for such items to be shown under F (9) or I (9) or both). L. Capital and reserves I. Subscribed capital (unless national law provides for called- up capital to be shown under this item. In that case, the amounts of subscribed capital and paid-up capital must be shown separately). II. Share premium account III. Revaluation reserve IV. Reserves 1. Legal reserve, in so far as national law requires such a reserve. 2. Reserve for own shares, in so far as national law requires such a reserve, without prejudice to Article 22 (1) (b) of Directive 77/91/EEC. 3. Reserves provided for by the articles of association. 4. Other reserves. V. Profit or loss brought forward VI. Profit or loss for the financial year

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 10 – paragraph 1

Member States may permit or require undertakings, or certain classes of undertaking, to present items on the basis of a distinction between current and non- current items in a different layout than that prescribed in Article 9 or 9a, as appropriate, provided that the information given is at least equivalent to that otherwise required by the relevant Article 9.

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 11 – paragraph 10

10. Goodwill shall be written off systematically over its useful life. Where its useful life cannot be reliably estimated it shall be written off within a maximum period of 510 years. An explanation of the period(s) over which goodwill is written off shall be provided within the notes to the financial statements.

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 16 – paragraph 1

1. Member States shall permit small undertakings to draw up abridged balance sheets showing only those items preceded by letters and roman numerals in Article 9, or, as the case may be, Article 9a, disclosing separately as applicable: (a) the information required in brackets in C (II) under ‘'Assets’' and C under ‘'Capital, reserves and liabilities’', but in ~~total for each~~aggregate for each; or (b) the information required in Article 9a in brackets in D(II).

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 31 – paragraph 2 – point a

(a) abridged balance sheets showing only those items preceded by letters and roman numerals in Article 9 or, as the case may be, Article 9a disclosing separately, either in the balance sheet or in the notes to the financial statements:

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 34 – paragraph 1 – subparagraph 1

1. Member States shall ensure that the financial statements of public interest entities~~, medium-sized~~ and large undertakings are audited by one or more persons approved by Member States to carry out statutory audits on the basis of Directive 2006/43/EC of the European Parliament and of the Council.

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 34 – paragraph 1 – subparagraph 2

~~The statutory auditor shall also express an opinion concerning the consistency of the management report with the financial statements for the same financial year.~~deleted

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 34 – paragraph 2

2. The first sub-paragraph of paragraph 1 shall apply with respect to consolidated financial statements. The second sub- paragraph of paragraph 1 shall apply with respect to consolidated financial statements and consolidated management reports.deleted

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 35 – paragraph 1 – point e

~~(e) an opinion concerning the consistency of the management report with the annual financial statements for the same financial year.~~deleted

2012/05/09
Committee: JURI

Sajjad KARIM

Proposal for a directive
Article 35 – paragraph 3

3. The report of the statutory auditor on the consolidated financial statements shall comply with the requirements set out in of paragraphs 1 and 2. In reporting on the consistency of the management report and the financial statements as required by paragraph 1(e), the statutory auditor shall consider the consolidated financial statements and the consolidated management report. Where the annual financial statements of the parent undertaking are attached to the consolidated financial statements, the reports of the statutory auditors required by this Article may be combined.

2012/05/09
Committee: JURI

Activities of Sajjad KARIM related to 2011/0308(COD)

Shadow reports (1)

Amendments (13)

ParlTrack - 2011-2024