Bilanzrichtlinie

The Bilanzrichtlinie, officially known as "Richtlinie 2014/95/EU des Europäischen Parlaments und des Rates vom 22. Oktober 2014 zur Angleichung der Rechts- und Verwaltungsvorschriften der Mitgliedstaaten über die Offenlegung von Informationen im Zusammenhang mit der Bilanzierung und der Berichterstattung von Unternehmen", is a European Union directive aimed at standardizing the disclosure of financial information by companies. It was adopted to enhance transparency and comparability of financial statements across the EU.

The directive applies to all companies listed on the stock exchange in the EU, as well as to large companies that are not listed but have a significant impact on the EU's economy. It requires companies to disclose a range of financial and non-financial information, including their financial position, performance, and changes in equity.

Key provisions of the Bilanzrichtlinie include:

1. Mandatory disclosure of information: Companies must disclose information on their financial position, performance, and changes in equity.

2. Non-financial information: Companies must also disclose information on their environmental impact, social policies, and governance.

3. Timing of disclosures: Companies must disclose their financial information within a specific timeframe after the end of their financial year.

4. Language of disclosures: Companies must disclose their financial information in the official language of the country where they are headquartered, as well as in English.

The Bilanzrichtlinie was designed to improve the quality and comparability of financial information, making it easier for investors, analysts, and other stakeholders to assess the financial health and performance of companies. It also aims to enhance the overall transparency and accountability of companies in the EU.