Size criteria for the application of core FER
Smaller organisations that do not exceed two of the following criteria in two consecutive years can confine themselves to the application of the core FER:
CHF 10,000,000
balance sheet total
CHF 20,000,000
annual sales revenue
50 positions
full-time on annual average
Groups of organisations
Groups of organisations have to additionally apply Swiss GAAP FER 30 “Consolidated financial statements”. This standard consists of all regulations related to consolidation. Small groups of organisations (according to the size criteria in Swiss GAAP FER 1 “Basics”) must comply with the core FER and Swiss GAAP FER 30 while groups of medium size must comply with core FER, further FER and Swiss GAAP FER 30.
Listed public companies
Listed companies are also required to comply with Swiss GAAP FER 31 “Complementary recommendation for listed companies”. The exclusive application of core FER is not permitted for listed companies.