A firm / a group regarded as a more business / larger group only more than one of the following conditions are met:
- average number of employees in the company / group during each of the two financial years amounted to more than 50
- total assets for each of the two financial years have amounted to more than 25 M
- sales have been for each of the two financial years amounted to more than 50 M.
Unless at least two of the above conditions are met will be classified a small business / small a group.
Note! Companies listed on a stock exchange, an authorized market or another regulated market is always larger companies regardless of whether the above conditions are met or not.
Find out how calculates the average number of employees.
Source: Accounting Standards Board,BFNAR 2006:11
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