QA2018-99 - Counterparty breakdown T01.00

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Feb 01, 2024
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QA2018-99

Question


The definiton of micro, small and medium-sized enterprises according to the EU Recommendation 2003/361 is commonly used, e.g. in the context of directive 2014/49/EU on deposit guarantee schemes. This definition considers the criteria staff headcount, annual turnover and balance sheet total. Depart from this definition the guidance on the 2018 Liability Data Report (page 13, T01.00 Liability Structure, column C02x) exclusively refers to the annual turnover criterion. Could you please clarify.


Response


Indeed following the EU Recommendation 2003/361 the calculation of the enterprise size requires jointly: • Number of employees working for the counterparty, in accordance with Article 5 of the Annex to Recommendation 2003/361/EC; • Annual turnover (Annual sales volume net of all discounts and sales taxes in accordance with Recommendation 2003/361/EC – or also equivalent to ‘total annual sales’ in Article 153(4) of Regulation (EU) No 575/2013); • Carrying value of total assets in accordance with Regulation (EU) 549/2013. All of them are clearly defined in the mentioned Art. 2(1). The guidance will be clarified in this respect.