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Corporate Governance Questionnaire (Directive under Section 36A of the Securities Law, 1968 (hereinafter: the Securities Law)) 1. Definitions The \” Companies Law\” the Companies Law, 1999; The
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Start by gathering all the relevant financial data such as income statement, balance sheet, and cash flow statement.
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Determine the key financial figures that need to be included in the condensed financial statements.
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Use a spreadsheet software like Microsoft Excel to organize and summarize the financial data.
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Create a condensed income statement by listing key figures such as revenue, expenses, and net income.
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Who needs condensed financial statements as?

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Small businesses looking to provide a quick overview of their financial performance to stakeholders.
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Financial analysts who need to quickly analyze and compare financial data of multiple companies.
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Regulatory bodies that require businesses to submit condensed financial statements for compliance purposes.
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Condensed financial statements are a summarized version of a company's financial statements, providing a snapshot of its financial position and performance.
Publicly traded companies are typically required to file condensed financial statements as part of their regulatory obligations.
Condensed financial statements are typically prepared by extracting key financial information from the company's full financial statements and presenting them in a condensed format.
The purpose of condensed financial statements is to provide investors, analysts, and other stakeholders with a quick overview of a company's financial performance and position.
Condensed financial statements typically include summary information on the company's revenue, expenses, assets, liabilities, and cash flows.
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