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CONDENSED INTERIM FINANCIAL ACCOUNTS (UNAUDITED) For the Period Ended December 31, 201933D2, Block 6, P.E.C.H.S., ShahraheFaisal, Karachi75400 Phone: 021343225569 Email: info@sanaindustries.comCONTENTS
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Condensed interim financial statements are shorter versions of full financial statements, which provide an update on a company's financial position and performance for a specific period, typically less than a year, and are prepared in accordance with applicable accounting standards.
Entities that are publicly traded or that have reporting obligations under securities regulations are generally required to file condensed interim financial statements on a quarterly basis.
To fill out condensed interim financial statements, companies should summarize their financial position at the end of the interim period, including key financial data such as income, expenses, and cash flows, while ensuring compliance with relevant accounting standards and guidelines.
The purpose of condensed interim financial statements is to provide timely financial information to stakeholders, allowing them to assess the company's performance, financial position, and changes in cash flows during the interim period.
Condensed interim financial statements must report essential information including the balance sheet, income statement, cash flow statement, and any relevant notes to the financial statements that provide context or details on significant changes.
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