Specific
rules for MICROCOMPANIES
These rules may be applied by companies which, having
opted to apply the Spanish
National Chart of Accounts for SMEs, meet at least two of the following conditions at year-end for two consecutive years:
Total assets do not exceed EUR 1,000,000.
Revenue does not exceed EUR 2,000,000.
The average number of employees in the year does not exceed 10.
If the company forms
part of a corporate group, the amount of the foregoing thresholds must be taken to be the total for all the companies that make up the group.