It is clear from art. 27 of Legislative Decree no. 127/1991 that the obligation to prepare the consolidated financial statements It starts from the first exercise in which the parameters are exceeded.
Which companies are obliged to do so?
Businesses Controllers that exceed, on a consolidated basis, two of these limits:
- 20,000,000€ In the total of Active of balance sheet statements
- 40,000,000€ In the total of revenues of sales and performance
- 250 employees On average employed during the financial year
In the case of a parent company that does not draw up group financial statements, we carry out a check of the limits on an aggregated basis increased by 20%:
- 24,000,000€ In the total of Active of balance sheet statements
- 48,000,000€ In the total of revenues of sales and performance
- 250 employees On average employed during the financial year
Sono Exonerate businesses that, for two consecutive years, do not exceed the above limits.
