Section 3: Consolidated accounts

When using the international accounting standards adopted by regulation of the European Commission, commercial companies which draw up and publish consolidated accounts within the meaning of Article L. 233-16 are exempted from complying with the accounting rules laid down by Articles L. 233-17-2 to L. 233-23 and L. 233-25 for the preparation and publication of their consolidated financial statements.

Subject to justification in the notes to the financial statements, the consolidated financial statements may be drawn up on a different date from that of the annual financial statements of the consolidating company if that date is used by the majority of the undertakings included in the consolidation for their parent company financial statements. In this case, significant events affecting the assets or liabilities of the undertakings included in the…

The report on the management of the group sets out the position of the group made up of the undertakings included in the consolidation, its foreseeable development, the significant events that have occurred between the closing date of the financial year of consolidation and the date on which the consolidated accounts are drawn up, and its research and development activities. This report may be included in the management report referred…

A decree in the Conseil d’Etat shall set the conditions under which the consolidated financial statements and the group management report are made available to the statutory auditors.

Business legal entities which, although not required to do so because of their legal form or the size of the group as a whole, publish consolidated accounts, shall comply with the provisions of articles L. 233-16 and L. 233-18 to L. 233-27. In this case, when their annual accounts are certified under the conditions provided for in article L. 823-9, their consolidated accounts are consolidated under the conditions set out…

I.-Any consolidating company that is not controlled by another company, within the meaning of II or III of Article L. 233-16, whose consolidated turnover at the end of two consecutive financial years exceeds the threshold mentioned in I of Article L. 232-6, draws up, publishes and makes available, at the request of the board of directors, the management board or the managers, the report relating to the tax on profits…

I.-Any commercial company that is neither a micro-enterprise, within the meaning of Article L. 123-16-1, nor a small business, within the meaning of Article L. 123-16, and which is controlled, within the meaning of II or III of Article L. 233-16, by a company which does not have its registered office in a Member State of the European Union or another State party to the Agreement on the European Economic…