The Danish Parliament has adopted an option for certain companies to prepare and present annual reports in English from 1 January 2014.

On 3 December 2013, the Danish parliament adopted amendments to the Danish Companies Act and the Danish Financial Statements Act, enabling companies presenting financial statements in reporting classes B, C and D to present these in English. Previously, it was only possible to present annual reports in English, if the reports were also prepared in Danish (a so-called bilingual annual report).

The general meeting may adopt presentation of annual reports in English

Under the new section 100a of the Danish Companies Act, the general meeting may by a simple majority adopt preparation and presentation of the annual report in English. The resolution must be recorded in the Articles of Association, which requires no further specific adoption. Contrary to other amendments to the articles of association, the adoption does not require the normal double 2/3 majority.

the amendments come into force january 2014

The amendments come into force January 1st 2014 and, consequently, annual reports approved after that date may be presented in English. This means that it will be possible to present the annual reports for 2013 in English when adopted by the general meetings in 2014.

As a consequence of the amendments, it will also be possible to present interim financial reports in English.


Jacob Kornerup