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71 Contents Far left: Nelson Mandela Bay Stadium, Port Elizabeth, GrinakerLTA. Annual financial statements Left: Soccer City, Johannesburg, GrinakerLTA. Report of the independent auditors 72 Certificates

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What is annual financial statements?

Annual financial statements are comprehensive reports that show the financial performance and position of a company for a specific period of time, usually a fiscal year. They include a balance sheet, income statement, cash flow statement, and notes to the financial statements.

Who is required to file annual financial statements?

Companies, including corporations, limited liability companies, and partnerships, are generally required to file annual financial statements. The specific requirements may vary depending on the jurisdiction and the size of the company.

How to fill out annual financial statements?

Filling out annual financial statements involves compiling financial data, such as revenue, expenses, assets, and liabilities, and preparing the necessary financial statements and supporting documentation. It is recommended to seek assistance from professional accountants or financial advisors to ensure accurate and compliant reporting.

What is the purpose of annual financial statements?

The purpose of annual financial statements is to provide an overview of a company's financial performance and position to stakeholders, such as investors, lenders, and shareholders. They help in assessing the company's profitability, solvency, and ability to generate cash flows.

What information must be reported on annual financial statements?

Annual financial statements typically include information such as revenue, expenses, assets, liabilities, equity, cash flows, and any additional disclosures required by accounting standards or regulations. The specific information reported may vary depending on the accounting framework used and the company's industry.

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