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Directive 2013/34/EU - Accounting DirectiveRecitalsChapter 1 Scope, definitions and categories of undertakings and groups (arts. 1-3)Article 1 ScopeArticle 2 DefinitionsArticle 3 Categories of undertakings and groupsChapter 2 General provisions and principles (arts. 4-8)Article 4 General provisionsArticle 5 General disclosureArticle 6 General financial reporting principlesArticle 7 Alternative measurement basis of fixed assets at revalued amountsArticle 8 Alternative measurement basis of fair valueChapter 3 Balance sheet and profit and loss account (arts. 9-14)Article 9 General provisions concerning the balance sheet and the profit and loss accountArticle 10 Presentation of the balance sheetArticle 11 Alternative presentation of the balance sheetArticle 12 Special provisions relating to certain balance sheet itemsArticle 13 Presentation of the profit and loss accountArticle 14 Simplifications for small and medium-sized undertakingsChapter 4 Notes to the financial statements (arts. 15-18)Article 15 General provisions concerning the notes to the financial statementsArticle 16 Content of the notes to the financial statements relating to all undertakingsArticle 17 Additional disclosures for medium-sized and large undertakings and public-interest entitiesArticle 18 Additional disclosures for large undertakings and public-interest entitiesChapter 5 Management report (arts. 19-20)Article 19 Contents of the management reportArticle 19a Sustainability reportingArticle 20 Corporate governance statementChapter 6 Consolidated financial statements and reports (arts. 21-29a)Article 21 Scope of the consolidated financial statements and reportsArticle 22 The requirement to prepare consolidated financial statementsArticle 23 Exemptions from consolidationArticle 24 The preparation of consolidated financial statementsArticle 25 Business combinations within a groupArticle 26 Proportional consolidationArticle 27 Equity accounting of associated undertakingsArticle 28 The notes to the consolidated financial statementsArticle 29 The consolidated management reportArticle 29a Consolidated sustainability reportingChapter 6a Sustainability reporting standards (arts. 29b-29ca)Article 29b Sustainability reporting standardsArticle 29c Sustainability reporting standards for small and medium-sized undertakingsArticle 29ca Sustainability reporting standards for voluntary useChapter 6b Single electronic reporting format (art. 29d)Article 29d Single electronic reporting formatChapter 6c Digital support measures (draft arts. 29e-29f)Article 29e Digital portal for sustainability reportingArticle 29f Report on technological solutions for sustainability reportingChapter 7 Publication (arts. 30-33a)Article 30 General publication requirementArticle 31 Simplifications for small and medium-sized undertakingsArticle 32 Other publication requirementsArticle 33 Responsibility and liability for drawing up and publishing the financial statements and the management reportArticle 33a Accessibility of information on the European single access pointChapter 8 Auditing and assurance of sustainability reporting (arts. 34-35)Article 34 General requirementArticle 35 Amendment of Directive 2006/43/EC as regards the audit reportChapter 9 Provisions concerning exemptions and restrictions on exemptions (arts. 36-40)Article 36 Exemptions for micro-undertakingsArticle 37 Exemption for subsidiary undertakingsArticle 38 Undertakings which are members having unlimited liability of other undertakingsArticle 39 Profit and loss account exemption for parent undertakings preparing consolidated financial statementsArticle 40 Restriction of exemptions for public-interest entitiesChapter 9a Reporting concerning third-country undertakings (arts. 40a-40d)Article 40a Sustainability reports concerning third-country undertakingsArticle 40b Sustainability reporting standards for third-country undertakingsArticle 40c Responsibility for drawing up, publishing and making accessible sustainability reports concerning third-country undertakingsArticle 40d PublicationChapter 10 Report on payments to governments (arts. 41-48)Article 41 Definitions relating to reporting on payments to governmentsArticle 42 Undertakings required to report on payments to governmentsArticle 43 Content of the reportArticle 44 Consolidated report on payments to governmentsArticle 45 PublicationArticle 46 Equivalence criteriaArticle 47 Application of equivalence criteriaArticle 48 ReviewChapter 10A Report on income tax information (arts. 48a-48i)Article 48a Definitions relating to reporting on income tax informationArticle 48b Undertakings and branches required to report on income tax informationArticle 48c Content of the report on income tax informationArticle 48d Publication and accessibilityArticle 48e Responsibility for drawing up, publishing and making accessible the report on income tax informationArticle 48f Statement by statutory auditorArticle 48g Commencement date for reporting on income tax informationArticle 48h Review clauseArticle 48i Transitional provisionsChapter 11 Transitional and final provisions (arts. 49-55)Article 49 Exercise of delegated powersArticle 50 Committee procedureArticle 51 PenaltiesArticle 52 Repeal of Directives 78/660/EEC and 83/349/EECArticle 53 TranspositionArticle 54 Entry into forceArticle 55 AddresseesAnnex I Types of undertaking referred to in point (a) of Article 1(1)Annex II Types of undertaking referred to in point (b) of Article 1(1)Annex III Horizontal layout of the balance sheet provided for in Article 10Annex IV Vertical layout of the balance sheet provided for in Article 10Annex V Layout of the profit and loss account - by nature of expense, provided for in Article 13Annex VI Layout of the profit and loss account - by function of expense, provided for in Article 13Annex VII Correlation tableDone at
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AI Summary of Article 25 Business combinations within a group

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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 19 July 2013 - onwards
Version 2 of 2

Article 25 Business combinations within a group

1. A Member State may permit or require the book values of shares held in the capital of an undertaking included in the consolidation to be set off against the corresponding percentage of capital only, provided that the undertakings in the business combination are ultimately controlled by the same party both before and after the business combination, and that control is not transitory.

2. Any difference arising under paragraph 1 shall be added to or deducted from consolidated reserves, as appropriate.

3. The application of the method described in paragraph 1, the resulting movement in reserves and the names and registered offices of the undertakings concerned shall be disclosed in the notes to the consolidated financial statements.

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