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213Pennon Group plc Annual Report and Accounts 2021Shareholder informationFinancial year end31 March 22 July 2021 22 July 2021 23 July 2021 2 September 2021 30 November 2021 Early April 2022 31 May
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Financial statements are formal records that outline the financial activities and position of a business, organization, or individual. They typically include the balance sheet, income statement, and cash flow statement.
Generally, companies, organizations, and certain individuals with specific financial thresholds or responsibilities, such as corporations and partnerships, are required to file financial statements.
Filling out financial statements involves gathering financial data, accurately categorizing it into the required sections such as assets, liabilities, and equity, and ensuring compliance with relevant accounting standards.
The purpose of financial statements is to provide a clear and concise summary of an entity's financial performance and position, helping stakeholders make informed decisions.
Financial statements must report information such as revenue, expenses, assets, liabilities, equity, cash flows, and notes explaining significant accounting policies.
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