The Member States may permit companies which on their balance sheet dates do not exceed the limits of two of the three following criteria:

• F1balance sheet total: EUR 3 650 000,

• F1net turnover: EUR 7 300 000,

• average number of employees during the financial year: 50

to draw up abridged balance sheets showing only those items preceded by letters and roman numerals in Articles 9 and 10, disclosing separately the information required in brackets in D (II) under ‘Assets’ and C under ‘Liabilities’ in Article 9 and in D (II) in Article 10, but in total for each.

F2Member States may waive the application of Article 15 (3) (a) and (4) to the abridged balance sheet.

F3In the case of those Member States which have not adopted the euro, the amount in national currency equivalent to the amounts specified in the first paragraph shall be that obtained by applying the exchange rate published in the Official Journal of the European Union on the date of the entry into force of the Directive setting those amounts in consequence of the review provided for in Article 53(2).