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2016 Explanatory Notes National Institute of Food and Agriculture Contents Purpose Statement ..............................................................................................................................................
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FY Explanatory Notes are additional details provided by a company to explain its financial statements and provide context for stakeholders.
Publicly traded companies and large private companies are typically required to file FY Explanatory Notes.
FY Explanatory Notes can be filled out by providing detailed explanations for the financial data presented in the company's financial statements.
The purpose of FY Explanatory Notes is to provide transparency and clarity to stakeholders regarding the financial performance and position of a company.
Information such as significant accounting policies, financial risks, and key performance indicators must be reported on FY Explanatory Notes.
The deadline to file FY Explanatory Notes in 2023 is typically within a few months after the end of the company's financial year.
The penalty for late filing of FY Explanatory Notes can vary depending on the jurisdiction, but it may include fines or other enforcement actions by regulatory authorities.
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