Under the Securities and Exchange Commission (SEC) and by the Revised SRC Rule 68, the following are the companies that are required to submit an AFS to the SEC:
Branch offices/representative offices of foreign stock corporations with total assets equivalent to P1,000,000 or more
Branch offices/representative offices of non-stock foreign corporations with total assets equivalent to P1,000,000 or more
Non-stock corporations with total assets or total liabilities of P600,000 or more
Stock corporations with total assets or liabilities of P600,000 or more
Regional operating headquarters (ROHQ) of foreign corporations with total revenue equivalent to P1,000,000 or more