consolidated financial statementsmeans the financial statements prepared by a parent undertaking of a group, in which the assets, liabilities, equity, income and expenses are presented as those of a single economic entity;
revenuehas the same meaning as: Article 48bUndertakings and branches required to report on income tax information1.Member States shall require ultimate parent undertakings governed by their national laws, where the consolidated revenue on their balance sheet date exceeded for each of the last two consecutive financial years a total of EUR 750000000, as reflected in their consolidated financial statements, to draw up, publish and make accessible a report on income tax information as regards the latter of those two consecutive financial years.Member States shall provide for an ultimate parent undertaking to no longer be subject to the reporting obligations set out in the first subparagraph where the total consolidated revenue on its balance sheet date falls below EUR 750000000 for each of the last two consecutive financial years as reflected in its consolidated financial statements.Member States shall require standalone undertakings governed by their national laws, where the revenue on their balance sheet date exceeded for each of the last two consecutive financial years a total of EUR 750000000, as reflected in their annual financial statements, to draw up, publish and make acces
standalone undertakingmeans an undertaking which is not part of a group as defined in Article 2, point (11).
tax jurisdictionmeans a State or non-State jurisdiction which has fiscal autonomy in respect of corporate income tax;
ultimate parent undertakingmeans an undertaking which draws up the consolidated financial statements of the largest body of undertakings;