Consolidation criteria for groups of companies

According to Order 1802/2014, groups of companies that exceed the limits of at least two of the following three criteria at the balance sheet date of the parent company are obliged to consolidate:

 

a) total assets:       EUR 24 000 000;

b) net turnover:     EUR 48 000 000;

c) average number of employees during the financial year: 250.

 

The determination of the size criteria value is based only on the appropriate indicators for the parent company and subsidiaries included in the consolidation. In determining the size criteria, the parent company may disregard subsidiaries which it intends to exclude from the consolidation.