Article 1

Council Directive 2003/38/EC of 13 May 2003 amending Directive 78/660/EEC on the annual accounts of certain types of companies as regards amounts expressed in euro · European Union

Directive 78/660/EEC is hereby amended as follows: 1. in Article 11: the first paragraph shall be amended as follows: in the first indent the words "balance sheet total: EUR 3125000" shall be replaced by the words "balance sheet total: EUR 3650000"; in the second indent the words "net turnover: EUR 6250000" shall be replaced by the words "net turnover: EUR 7300000"; the following paragraph shall be inserted:"In 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)."; 2. in Article 27: the first paragraph shall be amended as follows: in the first indent the words "balance sheet total: EUR 12500000" shall be replaced by the words "balance sheet total: EUR 14600000"; in the second indent the words "net turnover: EUR 25000000" shall be replaced by the words "net turnover: EUR 29200000"; the following paragraph shall be inserted:"In 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)."

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Source: EUR-Lex (Cellar) · retrieved 2026-10-13 · Text as adopted (Official Journal); later amendments are not incorporated in this text.