The Member States may permit companies which on their balance sheet dates do not exceed the limits of two of the three following criteria:
balance sheet total: EUR 4 400 000,
net turnover: EUR 8 800 000,
average number of employees during the financial year: 50
to draw up abridged balance sheets showing only those items preceded by letters and roman numerals in Articles 9 and 10, disclosing separately the information required in brackets in D (II) under ‘Assets’ and C under ‘Liabilities’ in Article 9 and in D (II) in Article 10, but in total for each.
Member States may waive the application of Article 15 (3) (a) and (4) to the abridged balance sheet.
In the case of those Member States which have not adopted the euro, the amount in national currency equivalent to the amounts specified in the first paragraph shall be that obtained by applying the exchange rate published in the Official Journal of the European Union on the date of the entry into force of any Directive setting those amounts.