The amount of loan repayment premiums is entered on the assets side of the balance sheet under the corresponding heading. It is amortised systematically over the term of the loan in accordance with the terms and conditions set out in the notes to the financial statements. Under no circumstances may premiums relating to the portion of loans repaid be retained in the balance sheet.
Expenses incurred in connection with operations that condition the existence or development of the company but the amount of which cannot be related to specific production of goods and services may be entered on the assets side of the balance sheet under “Formation expenses”. Development costs may be entered on the assets side of the balance sheet under the corresponding item, provided that they relate to clearly individualised projects with…
A regulation issued by the French Accounting Standards Authority sets out the conditions for determining the useful life, limited or unlimited, of intangible assets. Formation expenses are amortised according to a plan and within a maximum period of five years. Development costs are amortised over the estimated useful life of the projects, which is justified in the notes to the financial statements. If their useful life cannot be reliably determined,…
The liabilities side of the balance sheet shows the following items in succession: shareholders’ equity, other shareholders’ equity, provisions, debts, accruals and deferred income and translation differences. Liabilities items distinguish among shareholders’ equity: capital, share premiums and similar premiums, revaluation differences, profit for the year, investment grants and regulated provisions, as well as reserves by isolating the legal reserve, statutory or contractual reserves and regulated reserves.
Shareholders’ equity corresponds to the algebraic sum of contributions, revaluation differences, profits other than those for which a decision has been made to distribute, losses, investment subsidies and regulated provisions.
Income and expenses for the financial year are classified in the income statement in such a way as to show, by difference, items of ordinary income and extraordinary income and expenses, the realisation of which is not related to the ordinary running of the business.
The income statement, the model for which is established by a regulation of the Autorité des normes comptables, shows successively, in addition to changes in inventories: 1° Under expenses: operating expenses, financial expenses, exceptional expenses as well as employee profit sharing and income tax; 2° Under income: operating income, financial income and exceptional income; 3° Profit for the year.
The profit and loss account for the financial year, presented in the form of a list in accordance with the provisions of the second paragraph of article L. 123-13 is also used to show operating profit, net financial income, profit on ordinary activities before tax and exceptional items.
In addition to the mandatory information provided for in articles L. 123-13 to L. 123-21, L. 232-1 to L. 232-23, R. 123-179 to R. 123-189 of this code and article R. 313-14 of the Monetary and Financial Code and the information provided for by regulation of the French Accounting Standards Authority (Autorité des normes comptables), the notes to the financial statements include all material information concerning the assets and liabilities,…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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