council direct novemb amend direct eec annual account direct eec consolid account concern exempt small medium size compani public account ecu eec council european commun regard treati establish european econom commun articl thereof regard propos commiss cooper european parliament regard opinion econom social committe harmon nation provis present content annual account annual report valuat method public document concern public privat limit liabil compani subject direct eec amend act access spain portug administr procedur impos small medium size undertak simplifi accord council resolut novemb action programm small medium size undertak smu council resolut june improv busi environ action promot develop enterpris small medium size enterpris commun call substanti simplif oblig aris direct eec basi articl direct eec review threshold defin small medium size undertak carri derog establish audit public account member state provid direct eec increas small compani concern member state afford possibl allow compani includ note account inform remuner grant member compani administr manag bodi inform enabl posit member bodi identifi enabl member state render stringent oblig impos small compani draw public note account member state exempt compani oblig suppli note account data deem import small compani interest view member state possibl exempt compani oblig draw annual report provid includ note account data refer articl direct eec acquisit share import promot european monetari integr allow compani publish account ecu simpli addit facil chang posit compani present draw publish account ecu point provis direct eec eec amend act access spain portug clarifi oblig compani recours facil convers rate note account adopt direct articl articl direct eec amend balanc sheet total ecu replac balanc sheet total ecu net turnov ecu replac net turnov ecu paragraph ad member state waiv applic articl abridg balanc sheet revis amount ecu constitut yearli revis provid articl direct eec articl articl direct eec amend balanc sheet total ecu replac balanc sheet total ecu net turnov ecu replac net turnov ecu revis amount ecu constitut yearli revis provid articl direct eec articl articl direct eec replac purpos direct ecu defin regul eec amend regul eec regul eec equival nation currenc appli novemb oj oj oj articl paragraph ad articl direct eec member state waiv requir provid inform refer paragraph point inform make identifi posit specif member bodi articl articl direct eec replac articl member state permit compani cover articl draw abridg note account inform prescrib articl point note disclos inform prescrib articl point total item concern member state permit compani refer paragraph exempt oblig disclos note account inform prescrib articl articl subparagraph articl articl articl subparagraph articl articl appli articl paragraph ad articl direct eec member state waiv oblig compani cover articl prepar annual report provid inform refer articl direct eec acquisit compani share note account articl articl direct eec replac abridg note account accord articl articl articl insert direct eec articl annual account publish currenc drawn ecu translat exchang rate prevail balanc sheet date rate disclos note account articl articl insert direct eec articl consolid account publish currenc drawn ecu translat exchang rate prevail consolid balanc sheet date rate disclos note account articl member state bring forc law regul administr provis compli direct januari forthwith inform commiss thereof member state provid direct appli time account financi year begin januari calendar year member state commun commiss text main provis nation law adopt field cover direct articl direct address member state brussel novemb council presid romita oj oj oj decis octob publish offici journal oj oj oj oj oj oj