In the Official Gazette, Part I No.843 of August 23, 2024 was published the MF Order No.4164/2024 on updating the size criteria of reporting entities.
Thank you for reading this post, don't forget to subscribe!Depending on the size criteria, the entities covered by the present regulations (OMFP 1802/2014) are grouped into three categories, as follows: micro entities, small entities, medium and large entities.
Micro-entities are entities that, at the balance sheet date, do not exceed the limits of at least two of the following three criteria:
- total assets: 2,250,000 lei;
- net turnover: 4,500,000 lei;
- average number of employees during the financial year: 10.
Small entities are entities which, at the balance sheet date, do not fall into the category of micro-entities and which do not exceed the limits of at least two of the following three criteria:
- total assets: 25,000,000 lei;
- net turnover: 50,000,000 lei;
- average number of employees during the financial year: 50.
Medium and large entities are entities that, at the balance sheet date, exceed the limits of at least two of the following three criteria:
- total assets: 25,000,000 lei;
- net turnover: 50,000,000 lei;
- average number of employees during the financial year: 50.
According to the size criteria, groups are divided into two categories: small and medium-sized groups and large groups.
Small and medium-sized groups are groups consisting of parent companies and subsidiaries to be included in the consolidation which, on a consolidated basis, do not exceed the limits of at least two of the following three criteria on the balance sheet date of the parent company:
- total assets: 125,000,000 lei;
- net turnover: 250,000,000 lei;
- average number of employees during the financial year: 250.
Large groups are groups made up of parent companies and subsidiaries to be included in the consolidation which, on a consolidated basis, exceed the limits of at least two of the following three criteria at the balance sheet date of the parent company:
- total assets: 125,000,000 lei;
- net turnover: 250,000,000 lei;
- average number of employees during the financial year: 250.
Source: ANAF