![]() Principles, such an insight that an informed assessment can be made about Of a group company or of a company meant under (a).Īrticle 2:362 Insight in financial position used accounting standardsĪccounts shall provide, on the basis of generally accepted accounting which are a subsidiary of the legal person, which on the basis of paragraph 1, 3 andĤ of Article 2:24a may exercise rights in the legal person, regardlessī. To be made with regard to group companies shall be made accordingly withĪ. In which they are adopted by the competent body of the legal person. The provisions of the present Title (TitleĢ.9) shall apply to annual accounts and their components, both in theįorm in which they are prepared by the Board of Directors and in the form Statutory provisions regarding profit and loss shall applyĪccordingly to the operating account as much as possible. The profit and loss account shall apply to that operating account as muchĪs possible. Meant in Article 2:362 paragraph 1 the statutory provisions regarding The consolidated annual accounts if the legal person prepares consolidatedĪnd Foundations ( 'stichtingen') and Associations ( 'verenigingen')Īs meant in Article 2:360, paragraph 3, shall replace the profit and lossĪccount by an operating account, if this is helpful to provide the insight Sheet and profit and loss account with explanatory notes thereto, and (Title 2.9) and which have been made public.Īrticle 2:361 Financial statements falling within the scope of Title 2.9Īccounts’ mean the singular annual accounts consisting of the balance ![]() If the Foundations ( 'stichtingen') or Associations ( 'verenigingen')Īre obliged, by or pursuant to law, to prepare financial statements whichĪre equivalent to annual accounts as referred to in the present Title Over two subsequent financial years, amounts to one half or more of theĪmount referred to in Article 2:396, paragraph 1, under (b), as amended Over two consecutive financial years, and thereafter without any interruption, Registered in the commercial register, if the net turnover of these enterprises That maintain one or more enterprises which, pursuant to law, must be The present Title (Title 2.9) appliesįurthermore to Foundations ( 'stichtingen') and Associations ( 'verenigingen') ![]() Liable for the debts of that partnership. The present Title (Title 2.9) appliesĪlso to limited partnerships ( 'commanditaire vennootschappen')Īnd general partnerships ( 'vennootschappen onder firma') of whichĪll partners are a company with shares formed under foreign law and fully The present Title (Title 2.9) appliesĪs well to banks as referred to in Article 2:415 and to electronic money institutions (payment institutions)Īs meant in Article 1:1 of the Financial Supervision Act. Insurance Societies ( 'onderlinge waarborgmaatschappijen'), OpenĬorporations ( 'naamloze vennootschappen') and Closed Corporations Title (Title 2.9) applies to Cooperatives ( 'coöperaties'), Mutual Listed entities (independent of size) have to use EU-IFRS Standards for medium sized and large legal entities, and EU-IFRS Medium sized and large entities have to choose between Dutch Accounting Small legal entities, Dutch Accounting Standards for medium sized andĬombined with a part of the Dutch Accounting Standards for medium sized Small entities have to choose between Title 9, Book 2 of the Dutch CivilĬode combined with fiscal valuations, Dutch Accounting Standards for In this respect: small sized legal persons ( ArticleĢ:396), medium sized legal persons ( Article The question which accounting standards have to be applied in the Netherlandsĭepends on the size of the legal person. *) The accounting standards of the NetherlandsĬouncil Directive of 25 July 1978 on the annual accounts of certain Title 2.9 Annual accounts and annual report*) Free online translation in English of the Dutch Civil Code Book 2, Title
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