Consolidation exemptions

Although required to prepare and publish consolidated financial statements, some companies may find exempted in some cases. These exemptions are called exemptions. They are exhaustively enumerated in the Act. Compta-Facile describes them here and answers the question: what are the cases of exemption from the establishment and publication of consolidated accounts?

Consolidation exemptions

1st consolidation exemption: the parent company is already consolidated

Where a company is required to draw up and publish consolidated accounts but is itself under the control of another company, it is exempted from its obligation to consolidate. This case involves only the so-called parent companies of subgroups.

The following cumulative conditions must be met:

The parent company includes the parent company of the sub-group in its consolidated accounts,

The parent company of the subgroup does not issue securities admitted to trading on a regulated market or negotiable debt securities,

And its accounts are established in accordance with:

To the provisions of the French Commercial Code or to the IFRS standards (if it is based in France),

Or the provisions of Directive 2013/34 / EU (if it has its registered office in a Member State of the EU),

Or equivalent provisions if the parent company is foreign to the EU.