SPECIAL EDITION: 2020 FINANCIAL STATEMENTS

In brief

This note provides an analysis of the main provisions of various pieces of legislation passed to support businesses during the COVID-19 emergency, with specific regard to the preparation and approval of 2020 financial statements.

  • Revaluation of business assets
  • Suspension of depreciation / amortization of fixed assets
  • Option for exceptions to the provisions regarding the prospect of businesses continuing as going concerns
  • Deferral of the terms for the approval of financial statements and “simplified” procedures for holding shareholders meetings
  • Suspension of recapitalization obligations in the event of losses

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