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ELK GR UPA AS
Unaudited Consolidated Financial Statements
For 12 months ended 31 December 2017ELKO Group AS Unaudited Consolidated Financial Statements
for 12 months ended 31 December 2017Structure
Page
Management
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How to fill out interim financial statement
How to fill out interim financial statement
01
Start by gathering all relevant financial information and documentation, including financial statements, bank statements, and invoices.
02
Organize the information according to the appropriate sections of the interim financial statement, such as income, expenses, assets, and liabilities.
03
Calculate the total income by adding up all sources of revenue, such as sales or service fees.
04
Determine the total expenses by subtracting all costs, including operating expenses, payroll, and taxes, from the total income.
05
List all assets, including cash, inventory, property, and investments, and assign them appropriate values.
06
Identify and record all liabilities, such as loans, credit card debts, and accounts payable.
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Calculate the net worth by subtracting the total liabilities from the total assets.
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Prepare and include any supporting schedules or additional information required by accounting principles or regulations.
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Review and verify all calculations and ensure the accuracy of the information provided.
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Sign and date the interim financial statement to confirm its completion and authenticity.
11
Distribute the interim financial statement to relevant parties, such as stakeholders, shareholders, or financial institutions, as required.
Who needs interim financial statement?
01
Interim financial statements are typically needed by various stakeholders to assess the financial performance and position of a company between regular annual financial reporting periods.
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These stakeholders may include:
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- Investors and shareholders who want to track the company's progress and make informed investment decisions.
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Overall, anyone with an interest in the company's financial affairs can benefit from reviewing interim financial statements.
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What is interim financial statement?
Interim financial statement is a set of financial reports for a period shorter than a fiscal year, typically covering a quarter or half a year.
Who is required to file interim financial statement?
Publicly traded companies are required to file interim financial statements with the relevant regulatory bodies.
How to fill out interim financial statement?
Interim financial statements are filled out by recording financial transactions during the specified period, preparing balance sheets, income statements, and cash flow statements.
What is the purpose of interim financial statement?
The purpose of interim financial statements is to provide stakeholders with updated financial information between the annual financial statements.
What information must be reported on interim financial statement?
Interim financial statements must include balance sheets, income statements, and cash flow statements for the specified period.
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