Doing Business in the Netherlands 2012 - American Chamber of ...

5.6 Currency
The sums quoted in the annual accounts must be expressed in euro.
However, if justified by the activity of the company or the
international structure of its group, its annual accounts may be
prepared in foreign currency.
5.7 Classification
The minimum reporting, auditing and publication requirements
depend on the size of the company. It may suffice for small- and
medium-sized companies to publish an abridged balance sheet and
explanatory notes. A small-sized company does not need to publish
its profit and loss accounts and other information; medium-sized
companies must publish an abridged version of their profit and loss
account. Small-sized, medium-sized, and group companies whose
accounts are included in the consolidated accounts of another
company are subject to less stringent reporting, auditing and
publication requirements. A company qualifies as small-sized,
medium-sized, or large if it meets certain criteria.
Financial information on subsidiaries is used to determine the size of a
company as if the company were required to consolidate, unless it is
exempt from group consolidation requirements. A company will not
be reclassified unless and until it meets two or three of the criteria of
another category for two consecutive years:
Small-sized Medium-sized Large
Total assets < EUR4.4 M < EUR17.5 M > EUR17.5 M
Net turnover < EUR8.8 M < EUR35 M > EUR35 M
Employees < 50 < 250 > 250
5.8 Exemption for Group Companies
Subject to strict requirements, a group company may be exempt from
its reporting, auditing and publication requirements. The exempt
group company has the right to prepare an abridged version,
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