Enterprise size in accordance with the Accounting Act
Enterprises are classified as micro, small, medium, and large enterprises depending on indicators determined on the final day of the business year preceding the business year for which the financial report is being drawn up.
- Micro enterprises are enterprises not exceeding limit values of two of the following three conditions:
- total assets in the amount of HRK 2,600,000.00;
- revenue in the amount of HRK 5,200,000.00;
- average number of employees during the business year – 10 employees.
- Small enterprises are enterprises not classified as micro enterprises and not exceeding limit values of two of the following three conditions:
- total assets in the amount of HRK 30,000,000.00;
- revenue in the amount of HRK 60,000,000.00;
- average number of employees during the business year – 50 employees.
- Medium-sized enterprises are enterprises not classified as micro or small enterprises and not exceeding limit values of two of the following three conditions:
- total assets in the amount of HRK 150,000,000.00;
- revenue in the amount of HRK 300,000,000.00;
- average number of employees during the business year – 250 employees.
- Large enterprises are:
- Enterprises exceeding the limit values of at least two of three conditions set out in paragraph 4 of this article;
- banks, savings banks, building societies, electronic money institutions, insurance companies, reinsurance companies, leasing companies, UCITS fund management companies, alternative investment fund management companies, UCITS funds, alternative investment funds, pension companies managing mandatory pension funds, pension companies managing voluntary pension funds, voluntary pension funds, mandatory pension funds, pension insurance companies, pension buy-up companies, factoring companies, investment companies, stock exchanges, MTP operators, central clearing depositary companies, central registry operators, clearing and/or settlement system operators, and operators of investor protection funds regardless of fulfilment of the specified conditions.
- Newly established enterprises and enterprises following a change of status are classified on the basis of indicators for the period since the date of establishment or the change of status until the end of their first business year and/or on the final day of that period. For the purpose of classification, those enterprises shall recalculate the amount of their revenue to the annual level.
Enterprise size in accordance with the Small Business Development Incentives Act
This Act distinguishes between micro, small and medium-sized small business entities and the maximum amount of cash on hand is determined for thus determined enterprise sizes.
Micro entities of the small business sector are natural and legal persons (entities registered as enterprises and craft businesses) which:
- have, on annual average, less than 50 workers;
- according to financial statements for the previous year:
- generate annual operating revenue in the amount equivalent to EUR 10,000,000.00 or less, or
- have total assets, if they are corporate income tax payers, or fixed assets, if they are personal income tax payers, in the amount equivalent to EUR 10,000,000.00 or less.
Medium-sized entities in the small business sector are natural and legal persons whose annual average number of workers, total annual revenue or balance sheet total and/or fixed assets exceed the values determined for the small entities in the small business sector.
Entities exceeding the criteria defining the small business sector
Enterprises employing annually on average more than 250 workers and who, according to financial statements for the previous year, generate annual operating revenue exceeding the amount equivalent to EUR 50,000,000.00 or whose total assets, if they are corporate income tax payers, or long term assets, if they are personal income tax payers, exceed the amount equivalent to EUR 43,000,000.00.
