BOOK II: Commercial companies and economic interest groupings.

The annual financial statements, the management report and, where applicable, the consolidated financial statements and the group management report are made available to the statutory auditors at the registered office at least one month prior to the convening of the meeting of members or shareholders called to approve the company’s annual financial statements. The documents mentioned in the previous paragraph are delivered, in copy, to the statutory auditors who request…

Commercial companies which, at the close of a financial year, have three hundred or more employees or whose net turnover, at the same time, is equal to or greater than 18,000,000 euros, are required to draw up the documents mentioned in article L. 232-2. They cease to be subject to this obligation if they do not meet any of these conditions for two successive financial years. The employees taken into…

The board of directors, the management board or the managers of the companies referred to in article R. 232-2, as the case may be, draw up: 1° Semi-annually, within four months of the close of each half-year of the financial year, the situation of realisable and available assets, excluding going concern values, and current liabilities; 2° Annually: a) The cash flow statement at the same time as the annual accounts…

The reports provided for in articles L. 232-3 and L. 232-4 are attached to the documents mentioned in article R. 232-3. These reports supplement and comment on the information provided in these documents. They describe the accounting policies, methods and assumptions used and justify their relevance and consistency.

The presentation rules and methods used to prepare the documents mentioned in Article R. 232-3 may not be changed from one period to the next without justification in the reports mentioned in Article R. 232-4. These reports shall describe the impact of these changes. The items in the cash flow statement, the projected financing plan and the projected income statement shall include an indication of the figure relating to the…

Within eight days of their preparation, the documents and reports referred to in articles R. 232-3 and R. 232-4 shall be sent to the statutory auditor, the works council and the supervisory board.

Where, pursuant to articles L. 232-3 and L. 232-4, the statutory auditor shall make observations and set them out in a written report sent to the board of directors, the management board or the managers and to the works council within one month of the expiry of the periods provided for in article R. 232-3. When, pursuant to article L. 232-4, the statutory auditor requests that his report be communicated…

A consolidating company within the meaning of the first paragraph of article L. 232-5 carries out, when it exercises the option provided for in this article, restatements in accordance with the consolidation rules on the elements of the accounts of the companies it directly or indirectly controls. These restatements may be carried out, for the application of the third paragraph of Article L. 232-5, under the responsibility of the consolidating…

I. – The threshold provided for in I of article L. 232-6 is set at 750 million euros. II. – The threshold provided for in I of Article L. 232-6-1 is the net turnover set at 12 million euros. III. – For the application of 2° of II of Article L. 232-6-1, the threshold provided for in I is converted into the currency of the State or territory in which…