The Act ensures that all business enterprises providing goods, rights, funds or other services for which they normally receive payment, are being subject to annual report submission in adherence with EU directives. The Act is composed by 25 Chapters and 2 Annexes: Scope of the Act (1); Management responsibility for the presentation of annual report (2); Disclosure of opt-out of revision for the coming year (2a); Basic requirements for annual reports (3); Order, annual report of constituents (4); Preparation of annual report (5); Preparation of annual report (6); Recognition and Measurement (7); Information (8); Preparation of annual report (9); Recognition and Measurement (10); Information (11); Preparation of annual report (12); Duty to prepare corporate reports (13); Corporate report content (14); Merger accounting etc. (15); Preparation of interim report on state-owned companies (16); Preparation of interim report for companies that have securities traded on a regulated market in an EU/EEA country (16a); Review (17); Organization for issuing accounting standards (18); Submission to the Agency of Commerce and Companies (19); Disclosure (20); Examination of annual reports (21); Fines and penalties (22); Appeals (23); Penalty (24); Entry into force and transition (25). Annex 1 - Definitions. Annex 2 - Forms of balance sheets and income statements.
Denmark · 2006-06-15