# Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC (Text with EEA relevance), Article 14: Simplifications for small and medium-sized undertakings

Extent: E+W+S+N.I.

1. Member States may permit small undertakings to draw up abridged balance sheets showing only those items in Annexes III and IV preceded by letters and roman numerals, disclosing separately:
(a) the information required in brackets in D (II) under ‘Assets’ and C under ‘Capital, reserves and liabilities’ of Annex III, but in the aggregate for each; or
(b) the information required in brackets in D (II) of Annex IV.
2. Member States may permit small and medium-sized undertakings to draw up abridged profit and loss accounts within the following limits:
(a) in Annex V, items 1 to 5 may be combined under one item called ‘Gross profit or loss’;
(b) in Annex VI, items 1, 2, 3 and 6 may be combined under one item called ‘Gross profit or loss’.

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Source: https://www.legislation.gov.uk/eudr/2013/34/article/14 (the official version)
Page: https://openlegislation.uk/eu-directive-2013-34/article-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.