The 2016 Semi-Annual Report

Ministerial Circular No. 916 of June 21, 2016 approved the accounting methodology applicable to the half-year financial statements as of 6/30/2016. In particular, we specify:

Excluded subjects:

They are not subject to the requirement to file the 2016 Semi-Annual Financial Statements:

– Economic operators who in the previous fiscal year did not exceed revenues of 220,000 lei;

– entities established during 2016 and in any case entities that are in liquidation and temporary inactivity.

Contents of the Semi-Annual Report:

For micro-entities:

– The statement of assets and liabilities and equity;

– The condensed income statement;

– accompanying information data (in abbreviated form).

For small, medium and large:

– The statement of assets and liabilities and equity;

– The income statement in ordinary format;

– Accompanying information data (in ordinary format).

Filing of the Semi-Annual Financial Statements:

The Half-Yearly Financial Statements, prepared by the Administrative Body of the company, are subject to filing at the territorially competent unit of the Ministry of Public Finance in the alternative formats:

1) paper and electronic; in this case, physical filing of the paper document accompanied by a CD-ROM containing the electronic format is required and is possible either at the counter or by mail;

2)only in electronic format using digital certification (semnatura electronica extinsa).

Deposit terms

The 2016 Semi-Annual Financial Statements must be filed/transmitted by August 16, 2016.

We remain available for any clarification.