Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC Text with EEA relevance

For the purposes of point (f), the current tax expense shall relate only to the activities of an undertaking in the relevant financial year and shall not include deferred taxes or provisions for uncertain tax liabilities.

For the purposes of point (g), taxes paid shall include withholding taxes paid by other undertakings with respect to payments to undertakings and branches within a group.

For the purposes of point (h), the accumulated earnings shall mean the sum of the profits from past financial years and the relevant financial year, the distribution of which has not yet been decided upon. With regard to branches, accumulated earnings shall be those of the undertaking which opened the branch.

The report on income tax information shall also present the information referred to in paragraph 2 or 3 of this Article separately for each tax jurisdiction which, on 1 March of the financial year for which the report is to be drawn up, is listed in Annex I to the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, and shall provide such information separately for each tax jurisdiction which, on 1 March of the financial year for which the report is to be drawn up and on 1 March of the preceding financial year, was mentioned in Annex II to the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes.

The report on income tax information shall also present the information referred to in paragraph 2 or 3 on an aggregated basis for other tax jurisdictions.

The information shall be attributed to each relevant tax jurisdiction on the basis of establishment, the existence of a fixed place of business or of a permanent business activity which, given the activities of the group or standalone undertaking, can be subject to income tax in that tax jurisdiction.

Where the activities of several affiliated undertakings can be subject to income tax within a single tax jurisdiction, the information attributed to that tax jurisdiction shall represent the sum of the information relating to such activities of each affiliated undertaking and their branches in that tax jurisdiction.

Information on any particular activity shall not be attributed simultaneously to more than one tax jurisdiction.

Member States shall ensure that all information omitted pursuant to the first subparagraph is made public in a later report on income tax information, within no more than five years of the date of its original omission.

Member States shall ensure that information pertaining to tax jurisdictions included in Annexes I and II to the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, as referred to in paragraph 5 of this Article, may never be omitted.

However, in the case mentioned in the second subparagraph of Article 48b(4), the currency used in the report on income tax information shall be the currency in which the subsidiary undertaking publishes its annual financial statements.

The thresholds referred to in Article 48b(4) and (5) shall be converted to an equivalent amount in the national currency of any relevant third countries by applying the exchange rate as at 21 December 2021, rounded off to the nearest thousand.

Article 48d

Publication and accessibility

• (a) the undertaking, where Article 48b(1) applies;

• (b) the subsidiary undertaking or an affiliated undertaking, where Article 48b(4) applies; or

• (c) the branch or the undertaking which opened the branch, or an affiliated undertaking, where Article 48b(5) applies.

Article 48e

Responsibility for drawing up, publishing and making accessible the report on income tax information

Article 48f

Statement by statutory auditor

Member States shall require that, where the financial statements of an undertaking governed by the law of a Member State are required to be audited by one or more statutory auditors or audit firms, the audit report shall state whether, for the financial year preceding the financial year for which the financial statements under audit were prepared, the undertaking was required under Article 48b to publish a report on income tax information and, if so, whether the report was published in accordance with Article 48d.

Article 48g

Commencement date for reporting on income tax information

Member States shall ensure that laws, regulations and administrative provisions transposing Articles 48a to 48f apply, at the latest, from the commencement date of the first financial year starting on or after 22 June 2024.

Article 48h

Review clause

By 22 June 2027, the Commission shall submit a report on compliance with, and the impact of, the reporting obligations set out in Articles 48a to 48f and, taking into account the situation at OECD level, the need to ensure that there is a sufficient level of transparency and the need to preserve and ensure a competitive environment for undertakings and private investment, it shall review and assess, in particular, whether it would be appropriate to extend the obligation to report on income tax information set out in Article 48b to large undertakings and large groups, as defined in Article 3(4) and (7) respectively, and to extend the content of the report on income tax information set out in Article 48c to include additional items. In that report, the Commission shall also assess the impact that presenting the tax information on an aggregated basis for third-country tax jurisdictions as provided for in Article 48c(5) and the temporary omission of information provided for in Article 48c(6) has on the effectiveness of this Directive.

The Commission shall submit the report to the European Parliament and to the Council, together, where appropriate, with a legislative proposal.

CHAPTER 11 TRANSITIONAL AND FINAL PROVISIONS

Article 48i

Transitional provisions

Until 6 January 2030, Member States shall permit the consolidated sustainability reporting referred to in the first subparagraph of this paragraph to include the disclosures laid down in Article 8 of Regulation (EU) 2020/852, covering the activities carried out by all Union subsidiary undertakings of the parent undertaking referred to in the first subparagraph of this paragraph that are subject to Article 19a or 29a of this Directive.

Article 49

Exercise of delegated powers

2a. The power to adopt delegated acts referred to in points (b) and (c) of Article 3(13) and in Article 29ca shall be conferred on the Commission for an indeterminate period from 18 March 2026.

3a. Before adopting a delegated act, the Commission shall consult experts designated by each Member State in accordance with the principles laid down in the Interinstitutional Agreement of 13 April 2016 on Better Law-Making ([^E0039]).

3b. When adopting delegated acts pursuant to Article 29b, the Commission shall take into consideration technical advice from EFRAG, provided that:

• (a) such advice has been developed with proper due process, public oversight and transparency, with the expertise and balanced participation of relevant stakeholders, and with sufficient public funding to ensure its independence, and on the basis of a work programme on which the Commission has been consulted;

• (b) such advice is accompanied by cost-benefit analyses that include analyses of the impacts of the technical advice on sustainability matters;

• (c) such advice is accompanied by an explanation of how it takes account of the elements listed in Article 29b(5);

• (d) participation in EFRAG’s work at technical level is based on expertise in sustainability reporting and is not conditional on a financial contribution.

Points (a) and (d) are without prejudice to the participation of public bodies and national standard-setting organisations in the technical work of EFRAG.

The accompanying documents for the EFRAG technical advice shall be submitted together with that technical advice.

The Commission shall consult jointly the Member State Expert Group on Sustainable Finance, referred to in Article 24 of Regulation (EU) 2020/852, and the Accounting Regulatory Committee, referred to in Article 6 of Regulation (EC) No 1606/2002, on the draft delegated acts prior to their adoption as referred to in Article 29b of this Directive.

The Commission shall request the opinion of the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) on the technical advice provided by EFRAG, in particular with regard to its consistency with Regulation (EU) 2019/2088 and the delegated acts adopted pursuant to that Regulation. ESMA, EBA and EIOPA shall provide their opinions within two months of the date of receipt of the request from the Commission.

The Commission shall also consult the European Environment Agency, the European Union Agency for Fundamental Rights, the European Central Bank, the Committee of European Auditing Oversight Bodies and the Platform on Sustainable Finance established pursuant to Article 20 of Regulation (EU) 2020/852 on the technical advice provided by EFRAG prior to the adoption of delegated acts referred to in Article 29b of this Directive. If any of those bodies decide to submit an opinion, they shall do so within two months of the date of being consulted by the Commission.

Article 50

Committee procedure

Article 51

Penalties

Member States shall provide for penalties applicable to infringements of the national provisions adopted in accordance with this Directive and shall take all the measures necessary to ensure that those penalties are enforced. The penalties provided for shall be effective, proportionate and dissuasive.

Article 52

Repeal of Directives 78/660/EEC and 83/349/EEC

Directives 78/660/EEC and 83/349/EEC are repealed.

References to the repealed Directives shall be construed as references to this Directive and shall be read in accordance with the correlation table in Annex VII.

Article 53

Transposition

Member States may provide that the provisions referred to in the first subparagraph are first to apply to financial statements for financial years beginning on 1 January 2016 or during the calendar year 2016.

When Member States adopt those provisions, they shall contain a reference to this Directive or be accompanied by such a reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States.

Article 54

Entry into force

This Directive shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Article 55

Addressees

This Directive is addressed to the Member States.

ANNEX I

TYPES OF UNDERTAKING REFERRED TO IN POINT (A) OF ARTICLE 1(1)

• — Belgium: la société anonyme/de naamloze vennootschap, la société en commandite par actions/de commanditaire vennootschap op aandelen, la société privée à responsabilité limitée/de besloten vennootschap met beperkte aansprakelijkheid, la société coopérative à responsabilité limitée/de coöperatieve vennootschap met beperkte aansprakelijkheid;

• — Bulgaria: акционерно дружество, дружество с ограничена отговорност, командитно дружество с акции;

• — the Czech Republic: společnost s ručením omezeným, akciová společnost;

• — Denmark: aktieselskaber, kommanditaktieselskaber, anpartsselskaber;

• — Germany: die Aktiengesellschaft, die Kommanditgesellschaft auf Aktien, die Gesellschaft mit beschränkter Haftung;

• — Estonia: aktsiaselts, osaühing;

• — Ireland: public companies limited by shares or by guarantee, private companies limited by shares or by guarantee;

• — Greece: η ανώνυμη εταιρία, η εταιρία περιορισμένης ευθύνης, η ετερόρρυθμη κατά μετοχές εταιρία;

• — Spain: la sociedad anónima, la sociedad comanditaria por acciones, la sociedad de responsabilidad limitada;

• — France: la société anonyme, la société en commandite par actions, la société à responsabilité limitée, la société par actions simplifiée;

• — In Croatia: dioničko društvo, društvo s ograničenom odgovornošću;

• — Italy: la società per azioni, la società in accomandita per azioni, la società a responsabilità limitata;

• — Cyprus: Δημόσιες εταιρείες περιορισμένης ευθύνης με μετοχές ή με εγγύηση, ιδιωτικές εταιρείες περιορισμένης ευθύνης με μετοχές ή με εγγύηση;

• — Latvia: akciju sabiedrība, sabiedrība ar ierobežotu atbildību;

• — Lithuania: akcinės bendrovės, uždarosios akcinės bendrovės;

• — Luxembourg: la société anonyme, la société en commandite par actions, la société à responsabilité limitée;

• — Hungary: részvénytársaság, korlátolt felelősségű társaság;

• — Malta: kumpanija pubblika —public limited liability company, kumpannija privata —private limited liability company, soċjeta in akkomandita bil-kapital maqsum f'azzjonijiet —partnership en commandite with the capital divided into shares;

• — the Netherlands: de naamloze vennootschap, de besloten vennootschap met beperkte aansprakelijkheid;

• — Austria: die Aktiengesellschaft, die Gesellschaft mit beschränkter Haftung;

• — Poland: spółka akcyjna, spółka z ograniczoną odpowiedzialnością, spółka komandytowo-akcyjna;

• — Portugal: a sociedade anónima, de responsabilidade limitada, a sociedade em comandita por ações, a sociedade por quotas de responsabilidade limitada;

• — Romania: societate pe acțiuni, societate cu răspundere limitată, societate în comandită pe acțiuni.

• — Slovenia: delniška družba, družba z omejeno odgovornostjo, komanditna delniška družba;

• — Slovakia: akciová spoločnosť, spoločnosť s ručením obmedzeným;

• — Finland: yksityinen osakeyhtiö/privat aktiebolag, julkinen osakeyhtiö/publikt aktiebolag;

• — Sweden: aktiebolag;

• — the United Kingdom: public companies limited by shares or by guarantee, private companies limited by shares or by guarantee

ANNEX II

TYPES OF UNDERTAKING REFERRED TO IN POINT (b) OF ARTICLE 1(1)

• — Belgium la société en nom collectif/de vennootschap onder firma, la société en commandite simple/de gewone commanditaire vennootschap, la société coopérative à responsabilité illimitée/de coöperatieve vennootschap met onbeperkte aansprakelijkheid;

• — Bulgaria: събирателно дружество, командитно дружество;

• — the Czech Republic: veřejná obchodní společnost, komanditní společnost;

• — Denmark: interessentskaber, kommanditselskaber;

• — Germany: die offene Handelsgesellschaft, die Kommanditgesellschaft;

• — Estonia: täisühing, usaldusühing;

• — Ireland: partnerships, limited partnerships, unlimited companies;

• — Greece: η ομόρρυθμος εταιρία, η ετερόρρυθμος εταιρία;

• — Spain: sociedad colectiva, sociedad en comandita simple;

• — France: la société en nom collectif, la société en commandite simple;

• — In Croatia: javno trgovačko društvo, komanditno društvo, gospodarsko interesno udruženje;

• — Italy: la società in nome collettivo, la società in accomandita semplice;

• — Cyprus: Ομόρρυθμες και ετερόρρυθμες εταιρείες (συνεταιρισμοί);

• — Latvia: pilnsabiedrība, komandītsabiedrība;

• — Lithuania: tikrosios ūkinės bendrijos, komanditinės ūkinės bendrijos;

• — Luxembourg: la société en nom collectif, la société en commandite simple;

• — Hungary: közkereseti társaság, betéti társaság, közös vállalat, egyesülés, egyéni cég;

• — Malta: soċjeta f'isem kollettiv jew soċjeta in akkomandita, bil-kapital li mhux maqsum f'azzjonijiet meta s-soċji kollha li għandhom responsabbilita' llimitata huma soċjetajiet in akkomandita bil-kapital maqsum f'azzjonijiet — partnership en nom collectif or partnership en commandite with capital that is not divided into shares, when all the partners with unlimited liability are partnership en commandite with the capital divided into shares;

• — the Netherlands: de vennootschap onder firma, de commanditaire vennootschap;

• — Austria: die offene Gesellschaft, die Kommanditgesellschaft;

• — Poland: spółka jawna, spółka komandytowa;

• — Portugal: sociedade em nome colectivo, sociedade em comandita simples;

• — Romania: societate în nume colectiv, societate în comandită simplă;

• — Slovenia: družba z neomejeno odgovornostjo, komanditna družba;

• — Slovakia: verejná obchodná spoločnosť, komanditná spoločnosť;

• — Finland: avoin yhtiö/ öppet bolag, kommandiittiyhtiö/kommanditbolag;

• — Sweden: handelsbolag, kommanditbolag;

• — the United Kingdom: partnerships, limited partnerships, unlimited companies.

ANNEX III

HORIZONTAL LAYOUT OF THE BALANCE SHEET PROVIDED FOR IN ARTICLE 10

Assets

A. Subscribed capital unpaid

of which there has been called

(unless national law provides that called-up capital is to be shown under ‘Capital and reserves’, in which case the part of the capital called but not yet paid shall appear as an asset 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 the 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 undertaking 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 shall be shown separately for each item.)

• 1.Trade debtors.

• 2.Amounts owed by affiliated undertakings.

• 3.Amounts owed by undertakings with which the undertaking 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 is to be shown as an asset under A).

• 6.Prepayments and accrued income (unless national law provides that such items are to be shown as assets 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 that such items are to be shown as assets under D (II) (6).)

Capital, reserves and liabilities

A. Capital and reserves

I. Subscribed capital

(Unless national law provides that called-up capital is to be shown under this item, in which case the amounts of subscribed capital and paid-up capital shall 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 point (b) of Article 24(1) of Directive 2012/30/EU.

• 3.Reserves provided for by the articles of association.

• 4.Other reserves, including the fair value reserve.

V. Profit or loss brought forward

VI.   Profit or loss for the financial year

B. Provisions

• 1.Provisions for pensions and similar obligations.

• 2.Provisions for taxation.

• 3.Other provisions.

C. Creditors

(Amounts becoming due and payable within one year and amounts becoming due and payable after more than one year shall be shown separately for each item and for the aggregate of those items.)

• 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 undertaking is linked by virtue of participating interests.

• 8.Other creditors, including tax and social security authorities.

• 9.Accruals and deferred income (unless national law provides that such items are to be shown under D).

D. Accruals and deferred income

(Unless national law provides that such items are to be shown under C (9) under ‘Creditors’.)

ANNEX IV

VERTICAL LAYOUT OF THE BALANCE SHEET PROVIDED FOR IN ARTICLE 10

A. Subscribed capital unpaid

of which there has been called

(unless national law provides that called-up capital is to be shown under L, in which 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 the 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 undertaking 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 is to be shown as an asset under A).

• 6.Prepayments and accrued income (unless national law provides that such items are to be shown as assets 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 that such items are to be shown under D (II) (6).)

F. Creditors: amounts becoming 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 authorities.

• 9.Accruals and deferred income (unless national law provides that such items are 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 authorities.

• 9.Accruals and deferred income (unless national law provides that such items are 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 that such items are to be shown under F (9) or I (9) or both.)

L. Capital and reserves

I. Subscribed capital

(Unless national law provides that called-up capital is to be shown under this item, in which 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 point (b) of Article 24(1) of Directive 2012/30/EU.

• 3.Reserves provided for by the articles of association.

• 4.Other reserves, including the fair value reserve.

V. Profit or loss brought forward

VI.   Profit or loss for the financial year

ANNEX V

LAYOUT OF THE PROFIT AND LOSS ACCOUNT – BY NATURE OF EXPENSE, PROVIDED FOR IN ARTICLE 13

• 1.Net turnover.

• 2.Variation in stocks of finished goods and in work in progress.

• 3.Work performed by the undertaking for its own purposes and capitalised.

• 4.Other operating income.

• 1. (a) Raw materials and consumables. (b) Other external expenses.

• 6.Staff costs:

• (a) wages and salaries;

• (b) social security costs, with a separate indication of those relating to pensions.

• 1. (a) Value adjustments in respect of formation expenses and of tangible and intangible fixed assets. (b) Value adjustments in respect of current assets, to the extent that they exceed the amount of value adjustments which are normal in the undertaking concerned.

• 8.Other operating expenses.

• 9.Income from participating interests, with a separate indication of that derived from affiliated undertakings.

• 10.Income from other investments and loans forming part of the fixed assets, with a separate indication of that derived from affiliated undertakings.

• 11.Other interest receivable and similar income, with a separate indication of that derived from affiliated undertakings.

• 12.Value adjustments in respect of financial assets and of investments held as current assets.

• 13.Interest payable and similar expenses, with a separate indication of amounts payable to affiliated undertakings.

• 14.Tax on profit or loss.

• 15.Profit or loss after taxation.

• 16.Other taxes not shown under items 1 to 15.

• 17.Profit or loss for the financial year.

ANNEX VI

LAYOUT OF THE PROFIT AND LOSS ACCOUNT – BY FUNCTION OF EXPENSE, PROVIDED FOR IN ARTICLE 13

• 1.Net turnover.

• 2.Cost of sales (including value adjustments).

• 3.Gross profit or loss.

• 4.Distribution costs (including value adjustments).

• 5.Administrative expenses (including value adjustments).

• 6.Other operating income.

• 7.Income from participating interests, with a separate indication of that derived from affiliated undertakings.

• 8.Income from other investments and loans forming part of the fixed assets, with a separate indication of that derived from affiliated undertakings.

• 9.Other interest receivable and similar income, with a separate indication of that derived from affiliated undertakings.

• 10.Value adjustments in respect of financial assets and of investments held as current assets.

• 11.Interest payable and similar expenses, with a separate indication of amounts payable to affiliated undertakings.

• 12.Tax on profit or loss.

• 13.Profit or loss after taxation.

• 14.Other taxes not shown under items 1 to 13.

• 15.Profit or loss for the financial year.

ANNEX VII

Correlation table

Directive 78/660/EEC	Directive 83/349/EEC	This Directive
Article 1(1), first subparagraph, introductory wording	—	Article 1(1), point (a)
Article 1(1), first subparagraph, first to twenty seventh indents	—	Annex I
Article 1(1), second subparagraph	—	Article 1(1), point (b)
Article 1(1), second subparagraph, points (a) to (aa)	—	Annex II
Article 1(1), third subparagraph	—	—
Article 1(2)	—	—
Article 2(1)	—	Article 4(1)
Article 2(2)	—	Article 4(2)
Article 2(3)	—	Article 4(3)
Article 2(4)	—	Article 4(3)
Article 2(5)	—	Article 4(4)
Article 2(6)	—	Article 4(5)
Article 3	—	Article 9(1)
Article 4(1)	—	Article 9(2)
Article 4(2)	—	Article 9(3)
Article 4(3)	—	Article 9(3)
Article 4(4)	—	Article 9(5)
Article 4(5)	—	—
Article 4(6)	—	Article 6(1), point (h) and Article 6(3)
Article 5(1)	—	—
Article 5(2)	—	Article 2, point (14)
Article 5(3)	—	Article 2, point (15)
Article 6	—	Article 9(6)
Article 7	—	Article 6(1), point (g)
Article 8	—	Article 10
Article 9(A)	—	Annex III (A)
Article 9(B)	—	Annex III (B)
Article 9(C)	—	Annex III (C)
Article 9(D)	—	Annex III (D)
Article 9(E)	—	Annex III (E)
Article 9(F)	—	—
Liabilities Article 9(A)	—	Capital, reserves and liabilities Annex III (A)
Article 9(B)	—	Annex III (B)
Article 9(C)	—	Annex III (C)
Article 9(D)	—	Annex III (D)
Article 9(E)	—	—
Article 10	—	Annex IV
Article 10a	—	Article 11
Article 11, first subparagraph	—	Article 3(2) and Article 14(1)
Article 11, second subparagraph	—	—
Article 11, third subparagraph	—	Article 3(9), first subparagraph
Article 12(1)	—	Article 3(10)
Article 12(2)	—	Article 3(9), second subparagraph
Article 12(3)	—	Article 3(11)
Article 13(1)	—	Article 12(1)
Article 13(2)	—	Article 12(2)
Article 14	—	Article 16(1), point (d)
Article 15(1)	—	Article 12(3)
Article 15(2)	—	Article 2, point (4)
Article 15(3), point (a)	—	Article 17(1), point (a)
Article 15(3), point (b)	—	—
Article 15(3), point (c)	—	Article 17(1), point (a)(i)
Article 15(4)	—	—
Article 16	—	Article 12(4)
Article 17	—	Article 2, point (2)
Article 18	—	—
Article 19	—	Article 2, point (8)
Article 20(1)	—	Article 12(12), first subparagraph
Article 20(2)	—	Article 12(12), second subparagraph
Article 20(3)	—	Article 12(12), third subparagraph
Article 21	—	—
Article 22, first subparagraph	—	Article 13(1)
Article 22, second subparagraph	—	Article 13(2)
Article 23, items 1 to 15	—	Annex V, items 1 to 15
Article 23, items16 to 19	—	—
Article 23, items 20 and 21	—	Annex V, items 16 and 17
Article 24	—	—
Article 25, items 1 to 13	—	Annex VI, items 1 to 13
Article 25, items 14 to 17	—	—
Article 25, items 18 and 19	—	Annex VI, items 14 and 15
Article 26	—	—
Article 27, first subparagraph, introductory wording	—	Article 3(3)
Article 27, first subparagraph, points (a) and (c)	—	Article 14(2), points (a) and (b)
Article 27, first subparagraph, points (b) and (d)	—	—
Article 27, second subparagraph	—	Article 3(9) first subparagraph
Article 28	—	Article 2, point (5)
Article 29	—	—
Article 30	—	—
Article 31(1)	—	Article 6(1), introductory wording and points (a) to (f)
Article 31(1a)	—	Article 6(5)
Article 31(2)	—	Article 4(4)
Article 32	—	Article 6(1), point (i)
Article 33(1), introductory wording	—	Article 7(1)
Article 33(1), points (a) and (b) and the second and third subparagraphs	—	—
Article 33(1), point (c)	—	Article 7(1)
Article 33(2), point (a), first subparagraph and Article 33(2), points (b), (c) and (d)	—	Article 7(2)
Article 33(2), point (a), second subparagraph	—	Article 16(1), point (b)
Article 33(3)	—	Article 7(3)
Article 33(4)	—	Article 16(1), point (b)(ii)
Article 33(5)	—	—
Article 34	—	Article 12(11), fourth subparagraph
Article 35(1), point (a)	—	Article 6(1), point (i)
Article 35(1), point (b)	—	Article 12(5)
Article 35(1), point (c)	—	Article 12(6)
Article 35(1), point (d)	—	Article 17(1), point (b)
Article 35(2)	—	Article 2, point (6)
Article 35(3)	—	Article 2, point (7)
Article 35(4)	—	Article 12(8) and Article 17(1), point (a)(vi)
Article 36	—	—
Article 37(1)	—	Article 12(11) first, third and fifth subparagraphs
Article 37(2)	—	Article 12(11), first and second subparagraphs
Article 38	—	—
Article 39(1), point (a)	—	Article 6(1), point (i)
Article 39(1), point (b)	—	Article 12(7), first subparagraph
Article 39(1), point (c)	—	—
Article 39(1), point (d)	—	Article 12(7), second subparagraph
Article 39(1), point (e)	—	Article 17(1), point (b)
Article 39(2)	—	Article 2, point (6)
Article 40(1)	—	Article 12(9)
Article 40(2)	—	—
Article 41	—	Article 12(10)
Article 42, first subparagraph	—	Article 12(12), third subparagraph
Article 42, second subparagraph	—	—
Article 42a(1)	—	Article 8(1), point (a)
Article 42a(2)	—	Article 8(2)
Article 42a(3)	—	Article 8(3)
Article 42a(4)	—	Article 8(4)
Article 42a(5)	—	Article 8(5)
Article 42a(5a)	—	Article 8(6)
Article 42b	—	Article 8(7)
Article 42c	—	Article 8(8)
Article 42d	—	Article 16(1), point (c)
Article 42e	—	Article 8(1), point (b)
Article 42f	—	Article 8(9)
Article 43(1), introductory wording	—	Article 16(1), introductory wording
Article 43(1), point (1)	—	Article 16(1), point (a)
Article 43(1), point (2), first subparagraph	—	Article 17(1), point (g), first subparagraph
Article 43(1), point (2), second subparagraph	—	Article 17(1), point (k)
Article 43(1), point (3)	—	Article 17(1), point (h)
Article 43(1), point (4)	—	Article 17(1), point (i)
Article 43(1), point (5)	—	Article 17(1), point (j)
Article 43(1), point (6)	—	Article 16(1), point (g)
Article 43(1), point (7)	—	Article 16(1), point (d)
Article 43(1), point (7a)	—	Article 17(1), point (p)
Article 43(1), point (7b)	—	Article 2, point (3) and Article 17(1), point (r)
Article 43(1), point (8)	—	Article 18(1), point (a)
Article 43(1), point (9)	—	Article 17(1), point (e)
Article 43(1), point (10)	—	—
Article 43(1), point (11)	—	Article 17(1), point (f)
Article 43(1), point (12)	—	Article 17(1), point (d), first subparagraph
Article 43(1), point (13)	—	Article 16(1), point (e)
Article 43(1), point (14)(a)	—	Article 17(1), point (c)(i)
Article 43(1), point (14)(b)	—	Article 17(1), point (c)(ii)
Article 43(1), point (15)	—	Article 18(1), point (b) and Article 18(3)
Article 43(2)	—	—
Article 43(3)	—	Article 17(1), point (d), second subparagraph
Article 44	—	—
Article 45(1)	—	Article 17(1), point (g), second subparagraph Article 28(3)
Article 45(2)	—	Article 18(2)
Article 46	—	Article 19
Article 46a	—	Article 20
Article 47(1) and (1a)	—	Article 30(1) and (2)
Article 47(2)	—	Article 31(1)
Article 47(3)	—	Article 31(2)
Article 48	—	Article 32(1)
Article 49	—	Article 32(2)
Article 50	—	Article 17(1), point (o)
Article 50a	—	—
Article 50b	—	Article 33(1), point (a)
Article 50c	—	Article 33(2)
Article 51(1)	—	Article 34(1)
Article 51(2)	—	—
Article 51(3)	—	—
Article 51a	—	Article 35
Article 52	—	—
Article 53(2)	—	Article 3(13)
Article 53a	—	Article 40
Article 55	—	—
Article 56(1)	—	—
Article 56(2)	—	Article 17(1), points (l), (m) and (n)
Article 57	—	Article 37
Article 57a	—	Article 38
Article 58	—	Article 39
Article 59(1)	—	Article 9(7), point (a)
Article 59(2) to (6), point (a)	—	Article 9(7), point (a) and Article 27
Article 59(6), points (b) and (c)	—	Article 9(7), points (b) and (c)
Article 59(7) and (8)	—	Article 9(7), point (a) and Article 27
Article 59(9)	—	Article 27(9)
Article 60	—	—
Article 60a	—	Article 51
Article 61	—	Article 17(2)
Article 61a	—	—
Article 62	—	Article 55
—	Article 1(1)	Article 22(1)
—	Article 1(2)	Article 22(2)
—	Article 2(1), (2) and (3)	Article 22(3), (4) and (5)
—	Article 3(1)	Article 22(6)
—	Article 3(2)	Article 2, point (10)
—	Article 4(1)	Article 21
—	Article 4(2)	—
—	Article 5	—
—	Article 6(1)	Article 23(2)
—	Article 6(2)	Article 3(8)
—	Article 6(3)	Article 3(9), second subparagraph, Article 3(10) and (11)
—	Article 6(4)	Article 23(2)
—	Article 7(1)	Article 23(3)
—	Article 7(2)	Article 23(4)
—	Article 7(3)	Article 23(3), introductory wording
—	Article 8	Article 23(5)
—	Article 9(1)	Article 23(6)
—	Article 9(2)	—
—	Article 10	Article 23(7)
—	Article 11	Article 23(8)
—	Article 12(1)	Article 22(7)
—	Article 12(2)	Article 22(8)
—	Article 12(3)	Article 22(9)
—	Article 13(1) and (2)	Article 2, point (16) and Article 6(1), point (j)
—	Article 13(2a)	Article 23(10)
—	Article 13(3)	Article 23(9)
—	Article 15	—
—	Article 16	Article 4
—	Article 17(1)	Article 24(1)
—	Article 17(2)	—
—	Article 18	Article 24(2)
—	Article 19	Article 24(3), points (a) to (e)
—	Article 20	—
—	Article 21	Article 24(4)
—	Article 22	Article 24(5)
—	Article 23	Article 24(6)
—	Article 24	—
—	Article 25(1)	Article 6(1), point (b)
—	Article 25(2)	Article 4(4)
—	Article 26(1)	Article 24(7)
—	Article 26(2)	—
—	Article 26(3)	Article 6(1), point (j)
—	Article 27	Article 24(8)
—	Article 28	Article 24(9)
—	Article 29(1)	Article 24(10)
—	Article 29(2)	Article 24(11)
—	Article 29(3)	Article 24(12)
—	Article 29(4)	Article 24(13)
—	Article 29(5)	Article 24(14)
—	Article 30(1)	Article 24(3), point (c)
—	Article 30(2)	—
—	Article 31	Article 24(3), point (f)
—	Article 32(1) and (2)	Article 26
—	Article 32(3)	—
—	Article 33	Article 27
—	Article 34, introductory wording and Article 34(1), first sentence	Article 16(1), point (a) and Article 28(1)
—	Article 34(1), second sentence	—
—	Article 34(2)	Article 28(2), point (a)
—	Article 34(3), point (a)	Article 28(2), point (b)
—	Article 34(3), point (b)	—
—	Article 34(4)	Article 28(2), point (c)
—	Article 34(5)	Article 28(2), point (d)
—	Article 34(6)	Article 16(1), point (g) and Article 28(1)
—	Article 34(7)	Article 16(1), point (d) and Article 28(1)
—	Article 34(7a)	Article 17(1), point (p)
—	Article 34(7b)	Article 17(1), point (r)
—	Article 34(8)	Article 18(1), point (a)
—	Article 34(9), point (a)	Article 17(1), point (e)
—	Article 34(9), point (b)	Article 28(1), point (b)
—	Article 34(10)	—
—	Article 34(11)	Article 17(1), point (f) and Article 28(1)
—	Article 34(12) and (13)	Article 28(1), point (c)
—	Article 34(14)	Article 16(1), point (c) and Article 28(1)
—	Article 17(1), point (c)	Article 17(1), point (c) and Article 28(1)
—	Article 34(16)	Article 18(1), point (b) and Article 28(1)
—	Article 35(1)	Article 28(3)
—	Article 35(2)	—
—	Article 36(1)	Article 19(1) and Article 29(1)
—	Article 36(2), point (a)	—
—	Article 36(2), points (b) and (c)	Article 19(2), points (b) and (c)
—	Article 36(2), point (d)	Article 29(2), point (a)
—	Article 36(2), point (e)	Article 19(2), point (e) and Article 29(1)
—	Article 36(2), point (f)	Article 29(2), point (b)
—	Article 36(3)	Article 29(3)
—	Articles 36a	Article 33(1), point (b)
—	Articles 36b	Article 33(2)
—	Article 37(1)	Article 34(1) and (2)
—	Article 37(2)	Article 35
—	Article 37(4)	Article 35
—	Article 38(1)	Article 30(1), first subparagraph and Article 30(3), first subparagraph
—	Article 38(2)	Article 30(1), second subparagraph
—	Article 38(3)	—
—	Article 38(4)	Article 30(3), second subparagraph
—	Article 38(5) and (6)	—
—	Article 38(7)	Article 40
—	Article 38a	—
—	Article 39	—
—	Article 40	—
—	Article 41(1)	Article 2, point (12)
—	Article 41(1a)	Article 2, point (3)
—	Article 41(2) to (5)	—
—	Article 42	—
—	Article 43	—
—	Article 44	—
—	Article 45	—
—	Article 46	—
—	Article 47	—
—	Article 48	Article 51
—	Article 49	—
—	Article 50	—
—	Article 50a	—
—	Article 51	Article 55

[^E0001]: Council Directive 91/674/EEC of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings (OJ L 374, 31.12.1991, p. 7).

[^E0002]: Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).

[^E0003]: Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338).

[^E0004]: Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (OJ L 317, 9.12.2019, p. 1, ELI: http://data.europa.eu/eli/reg/2019/2088/oj).

[^E0005]: OJ L 145, 30.4.2004, p. 1.

[^E0006]: OJ L 177, 30.6.2006, p. 1.

[^E0007]: OJ L 374, 31.12.1991, p. 7.

[^E0008]: OJ L 243, 11.9.2002, p. 1.

[^E0009]: Council Directive 91/674/EEC of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings (OJ L 374, 31.12.1991, p. 7).

[^E0010]: Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (OJ L 372, 31.12.1986, p. 1).

[^E0011]: Regulation (EC) No 765/2008 of the European Parliament and of the Council of 9 July 2008 setting out the requirements for accreditation and repealing Regulation (EEC) No 339/93 (OJ L 218, 13.8.2008, p. 30).

[^E0012]: Regulation (EU) 2021/1119 of the European Parliament and of the Council of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (‘European Climate Law’) (OJ L 243, 9.7.2021, p. 1).

[^E0014]: Directive (EU) 2016/943 of the European Parliament and of the Council of 8 June 2016 on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure (OJ L 157, 15.6.2016, p. 1, ELI: http://data.europa.eu/eli/dir/2016/943/oj).

[^E0015]: Regulation (EU) 2023/2418 of the European Parliament and of the Council of 18 October 2023 on establishing an instrument for the reinforcement of the European defence industry through common procurement (EDIRPA) (OJ L, 2023/2418, 26.10.2023, ELI: http://data.europa.eu/eli/reg/2023/2418/oj).

[^E0017]: Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC (OJ L 390, 31.12.2004, p. 38).

[^E0018]: Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13).

[^E0019]: OJ L 142, 30.4.2004, p. 12.

[^E0020]: OJ L 340, 22.12.2007, p. 66.

[^E0021]: Commission Delegated Regulation (EU) 2020/1816 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards the explanation in the benchmark statement of how environmental, social and governance factors are reflected in each benchmark provided and published (OJ L 406, 3.12.2020, p. 1).

[^E0022]: Commission Delegated Regulation (EU) 2020/1817 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards the minimum content of the explanation on how environmental, social and governance factors are reflected in the benchmark methodology (OJ L 406, 3.12.2020, p. 12).

[^E0023]: Commission Delegated Regulation (EU) 2020/1818 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards minimum standards for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks (OJ L 406, 3.12.2020, p. 17).

[^E0024]: Commission Recommendation 2013/179/EU of 9 April 2013 on the use of common methods to measure and communicate the life cycle environmental performance of products and organisations (OJ L 124, 4.5.2013, p. 1).

[^E0025]: Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, p. 32).

[^E0026]: Regulation (EC) No 1221/2009 of the European Parliament and of the Council of 25 November 2009 on the voluntary participation by organisations in a Community eco-management and audit scheme (EMAS), repealing Regulation (EC) No 761/2001 and Commission Decisions 2001/681/EC and 2006/193/EC (OJ L 342, 22.12.2009, p. 1).

[^E0027]: Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law (OJ L 305, 26.11.2019, p. 17).

[^E0028]: Commission Recommendation (EU) 2025/1710 of 30 July 2025 on a voluntary sustainability reporting standard for small and medium-sized undertakings (OJ L, 2025/1710, 5.8.2025, ELI: http://data.europa.eu/eli/reco/2025/1710/oj).

[^E0029]: Commission Delegated Regulation (EU) 2019/815 of 17 December 2018 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to regulatory technical standards on the specification of a single electronic reporting format (OJ L 143, 29.5.2019, p. 1, ELI: http://data.europa.eu/eli/reg_del/2019/815/oj).

[^E0030]: Directive (EU) 2017/1132 of the European Parliament and of the Council of 14 June 2017 relating to certain aspects of company law (OJ L 169, 30.6.2017, p. 46).

[^E0031]: Regulation (EU) 2023/2859 of the European Parliament and of the Council of 13 December 2023 establishing a European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability (OL L, 2023/2859, 20.12.2023, ELI: http://data.europa.eu/eli/reg/2023/2859/oj).

[^E0032]: Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC (OJ L 157, 9.6.2006, p. 87).

[^E0033]: OJ L 182, 29.6.2013, p. 19.’

[^E0034]: OJ L 81, 21.3.2012, p. 3.

[^E0035]: OJ L 393, 30.12.2006, p. 1.

[^E0036]: Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338).

[^E0037]: Council Directive 2011/16/EU of 15 February 2011 on administrative cooperation in the field of taxation and repealing Directive 77/799/EEC (OJ L 64, 11.3.2011, p. 1).

[^E0038]: Directive (EU) 2017/1132 of the European Parliament and of the Council of 14 June 2017 relating to certain aspects of company law (OJ L 169, 30.6.2017, p. 46).

[^E0039]: OJ L 123, 12.5.2016, p. 1.