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

� group companies, the required information of which can only
be obtained or estimated at disproportionate expense or with
great delay; and
� group companies, the interest in which is only held for
disposal.
Consolidation may be omitted if:
� on consolidation, the company qualifies as a small-sized
company;
� no company to be involved in the consolidation has securities
in issue officially listed on an exchange; and
� the company has not been notified in writing by at least 1/10
of its members or by holders of at least 1/10 of its issued
capital of an objection thereto within six months from the
commencement of its financial year.
A part of a group may be excluded from the consolidation, provided:
� the company has not been notified in writing by at least 1/10
of its members or by holders of at least 1/10 of its issued
capital of an objection thereto within six months from the
commencement of its financial year;
� the financial information which the company should
consolidate has been included in the consolidated annual
accounts of a larger entity;
� the consolidated accounts and the director’s report are
prepared in accordance with the Seventh EC Directive or
similar principles; and
� the consolidated accounts, the director’s report and the
auditor’s reports are drawn up in or translated into Dutch,
50 Baker & McKenzie