External Reporting Manual 2023

External Reporting Manual 2023

In the External Reporting Manual you can find:

• Guidelines for preparing your NL GAAP financial statements
• Main differences between NL GAAP and IFRS
• Practical examples for each topic
• Relevant legal texts and decrees

Dutch entities may prepare financial statements in accordance with either NL GAAP or IFRS, with the exception of companies listed on a regulated market in the EEA (e.g. Euronext Amsterdam), which should apply IFRS in the consolidated financial statements. This manual is not primarily focused on IFRS. For that, please refer both to other (IFRS-related) Deloitte publications and Deloitte's dedicated website on IFRS (www.iasplus.com).

As this manual is primarily aimed at entities applying NL GAAP, it does not address additional requirements applicable to listed entities and other public interest entities. These include additional requirements for the management board report (including sustainability reporting), the supervisory board report, the compensation statement and specific aspects, such as the manner of publication and supervision by the AFM. Separate publications have been prepared for this purpose, which can be found on the Dutch jurisdiction page of www.iasplus.com (under the tab: publications/member firm publications/Netherlands). However, this manual does indicate which exemptions listed entities and other public interest entities cannot take advantage of. Furthermore, the specific requirements for the management board report, supervisory board report and compensation statement are shown on the Deloitte External Reporting Checklist.

Practical examples are given for each topic. For the benefit of medium-sized and small entities, the institutional exemptions for these entities are also discussed for each topic. Publication exemptions for medium-sized and small entities are not covered in this manual. For these, please refer to the Deloitte External Reporting Checklist. Reporting by micro-sized entities is specifically addressed in the manual. Reporting by commercial foundations and associations and non-commercial foundations and associations are addressed separately in the manual.