NEW ASAC OPINION ON NON-CAPITAL CONTRIBUTIONS IN P.C.
The Accounting Standardization and Auditing Council (ASAC) issued opinion 518/2025, responding to a question regarding how the so-called non-capital contributions in a Private Company (P.C.) should be recorded in accounting. Συμβούλιο Λογιστικής Τυποποίησης και Ελέγχων (ΣΛΟΤ) εξέδωσε τη γνωμοδότηση 518/2025, απαντώντας σε ερώτημα σχετικά με το πώς πρέπει να καταγράφονται λογιστικά οι λεγόμενες εξωκεφαλαιακές εισφορές σε Ιδιωτική Κεφαλαιουχική Εταιρεία (ΙΚΕ).
These are contributions that do not constitute capital (such as cash or fixed assets), but concern provision of work or services by the partners.
What does the opinion examine
The new opinion answers the question: ✅ Can non-capital contributions increase the share capital of the P.C.?
The answer of ASAC is no.
What did ASAC decide
Based on opinion 518/2025, non-capital contributions:
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Are not recorded in the share capital of the P.C., whether they were made at the establishment or later.
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Must be recognized as expenses or liabilities, depending on the case.
Legal framework
The opinion is based on:
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Article 78 of Law 4072/2012, which defines which contributions can constitute the capital of a P.C.
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Article 17 par. 2 of Law 4548/2018, which confirms that only contributions in kind with monetary valuation (e.g., fixed assets, cash) are considered capital contributions.
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The European Directive 2017/1132, which harmonizes the rules for company contributions.
What does it mean in practice for P.C.s
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Non-capital contributions do not increase the share capital
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They mainly concern obligations for provision of work or services.
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Accounting treatment
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They are recorded as a liability (if it is a future provision).
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Or as cost/expense when the service is executed.
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Avoidance of incorrect entries
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The opinion clarifies the correct accounting treatment and ensures compliance with European standards.
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Conclusion
Opinion 518/2025 of ASAC provides clear guidance: ➡️ Non-capital contributions in a P.C. are not capital contributions. ➡️ They are not entered in the company’s share capital, but are treated as expenses or liabilities.
In this way: ✅ Accounting errors are avoided ✅ Consistency with Greek and European company law is ensured
How AFS can help you
AFS has a specialized team of accountants and legal advisors who monitor all new opinions and legislative changes, providing full guidance for the proper accounting and legal management of Private Companies (P.C.)..
📞 Contact us today for personalized consulting regarding the establishment, management, or your accounting obligations.
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