OBLIGATION FOR MEDIUM-SIZED COMPANIES TO PUBLISH THE INCOME STATEMENT

"Loi Pacte" has introduced the category of medium-sized enterprises for which flexibility is provided for the preparation and publication of their annual accounts.

Medium-sized enterprises are those which exceed the thresholds for small enterprises (SE) and which, for the last closed accounting year, do not cross 2 of the following 3 threshold:

• 20 M € total balance sheet (6 M € for SE);

• 40 M € turnover (12 M € for SE);

• 250 employees (50 for the SE).

The Commercial Code allows medium-sized companies to request that only a simplified presentation of their balance sheet and their notes be made public. However, no reference is made in this case to exemption from the income statement. The legal studies committee of the national company of auditors (CNCC) therefore considers that the publication of the income statement remains mandatory in simplified form if necessary. For any further information, do not hesitate to contact our teams at contact@rekoncil.com