NFRD

03 Feb NFRD

NFRD - The Non-Financial-Reporting-Directive defines the obligation to provide a non-financial statement in the management report for large, capital market-oriented corporations that exceed at least two of the following three characteristics:
- 20,000,000 euros in total assets,
- 40,000,000 euros in sales revenue in the last 12 months,
- an annual average of 500 employees
(this limit alone also applies to all credit institutions and insurance companies).