Article 1 - Article 11 of Directive 78/660/EEC is hereby amended as follows:

1.'balance sheet total: ECU 1 550 000' is hereby replaced by 'balance sheet total: ECU 2 000 000';

2.'net turnover: ECU 3 200 000' is hereby replaced by 'net turnover: ECU 4 000 000';

3.the following paragraph is hereby added: 'Member States may waive the application of Article 15 (3) (a) and (4) to the abridged balance sheet'. The revision of the above amounts in ecus shall constitute the second five-yearly revision provided for in Article 53 (2) of Directive 78/660/EEC.