Legal and generally Accepted Commercial Principles of Financial Reporting
Notes on the Annual Accounts of the Company Limited by Shares
As member state of the European Economic Area (EEA) since May 1995 Liechtenstein has to take over the EU Directives. With effect as at 1 January 2001 the Liechtenstein law on Persons and Companies (PGR) has been harmonized with the 1st and 4th EU Directive. Consequently, valuation of assets and liabilities and the balance sheet and profit and loss account layouts have been regulated in much more detail than in the past.
Other EU Directives have been integrated into the PGR that are, however, of no interest to this article.
The following will be affected by amendments in the PGR: Company Limited by Shares (Aktiengesellschaft; AG), Private Company Limited (Gesellschaft mit beschränkter Haftung; GmbH); Limited Partnership with a Share Capital (Kommandit-Aktiengesellschaft); in addition, General Partnership (Kollektivgesellschaft) and Limited
