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AUDITED CONDENSED RESULTS For The Year Ended 31 December 2017CONSOLIDATED STATEMENT OF CASH FLOWSCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMERevenue Rental and related income Straight
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Start by gathering all the necessary financial documents, such as income statements, balance sheets, and cash flow statements.
02
Review the documents carefully and ensure that all the information is accurate and up to date.
03
Summarize the financial data in a condensed format, excluding any unnecessary details.
04
Include important key financial ratios, such as profit margins, return on investment, and liquidity ratios.
05
Clearly label and organize the condensed results, making it easy for readers to understand and interpret the information.
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Prepare a cover letter or report explaining the purpose and significance of the audited condensed results.
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Finally, submit the audited condensed results to the intended recipients, such as investors, stakeholders, or regulatory authorities.

Who needs audited condensed results?

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Audited condensed results are needed by various stakeholders, including:
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- Investors: They rely on these results to evaluate the financial performance and stability of a company before making investment decisions.
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- Creditors: Banks and lending institutions use audited condensed results to assess the creditworthiness and financial health of a borrower.
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- Regulatory Authorities: Audited condensed results provide transparency and accountability to regulatory bodies, ensuring compliance with financial reporting standards.
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- Management: Company executives utilize these results to analyze the financial performance and identify areas of improvement or potential risks.
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- Shareholders: Shareholders require audited condensed results to understand the company's profitability and dividend potential.
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- Potential partners or acquirers: These individuals or organizations need audited condensed results to evaluate the financial viability and potential synergies of a partnership or acquisition.
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Audited condensed results are a summarised version of the audited financial statements that provide key financial information in a more simplified format.
Companies that are required to have their financial statements audited by a third-party accounting firm are typically required to file audited condensed results.
Audited condensed results can be filled out by following the guidelines provided by the accounting standards and using the information from the audited financial statements.
The purpose of audited condensed results is to provide stakeholders with a quick overview of the financial performance and position of a company without having to go through the detailed financial statements.
Audited condensed results typically include key financial information such as revenue, expenses, profit or loss, assets, liabilities, and equity.
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