A Company shall qualify as small during a financial year if, for that financial year if it meets all of the following requirements:

• the Company's annual turnover has been no more than AED twenty (20) million net;

• the Company's balance sheet total is no more than AED ten (10) million net;

• the average number of employees is no more than fifteen (15) (calculated by adding together the average number of employees in each month of the financial year and dividing by the number of months in the financial year); and

• it is not part of a group of companies that includes a public listed company.