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ELECTRA LTD. UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2005 (CONVENIENCE TRANSLATION INTO U.S. DOLLARS) ELECTRA LTD. Contents Page Report
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Unaudoited condensed interim consolidated refers to a financial statement that provides a summary of a company's financial performance and position for a specific period during the year. It is unaudited, meaning it has not been reviewed by external auditors. The statement includes condensed financial information such as the balance sheet, income statement, and cash flow statement.
Publicly traded companies and some privately held companies are required to file unaudited condensed interim consolidated financial statements. The specific requirements vary by jurisdiction and regulatory bodies like the Securities and Exchange Commission (SEC) in the United States or the Financial Reporting Council (FRC) in the United Kingdom.
Filling out unaudited condensed interim consolidated financial statements involves gathering financial data for the specific reporting period and preparing the condensed financial statements. This process may include reviewing the company's general ledger, reconciling accounts, and calculating financial ratios. It is advisable to follow the applicable accounting standards and guidelines set by the regulatory bodies in the specific jurisdiction.
The purpose of unaudited condensed interim consolidated financial statements is to provide timely and relevant information about a company's financial performance and position during a specific period. These statements help investors, shareholders, and regulatory bodies monitor a company's financial health, make informed decisions, and ensure compliance with regulatory requirements.
The information reported on unaudited condensed interim consolidated financial statements typically includes condensed versions of the balance sheet, income statement, and cash flow statement. It may also include footnotes or disclosures providing additional details about the financial data and any significant events or transactions during the reporting period.
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