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CONDENSED INTERIM FINANCIAL ACCOUNTS (UNAUDITED) For the Period Ended December 31, 202033D2, Block 6, P.E.C.H.S., ShahraheFaisal, Karachi75400 Phone: 021343225569 Email: info@sanaindustries.comCONTENTS
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How to fill out condensed interim financial accounts

01
Start by gathering all relevant financial data for the current period.
02
Review the previous interim financial accounts to ensure consistency and accuracy.
03
Identify any changes in accounting policies or estimates that need to be disclosed.
04
Prepare a condensed balance sheet, income statement, and cash flow statement for the interim period.
05
Ensure that all financial statements comply with relevant accounting standards and regulations.
06
Review and analyze the financial results to provide meaningful explanations and insights.
07
Present the condensed interim financial accounts to management for review and approval.

Who needs condensed interim financial accounts?

01
Publicly traded companies that are required to report quarterly financial information to regulatory authorities.
02
Private companies that want to monitor their financial performance and share it with stakeholders like investors or lenders.
03
Investors and analysts who rely on interim financial accounts to assess the company's current financial health and make investment decisions.
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Condensed interim financial accounts are summarized financial statements for a specific period, typically less than a year, that provide an overview of an entity's financial performance and position. They are less detailed than annual financial statements but provide essential insights into the company's financial health.
Companies that are publicly traded or those that prepare financial statements in accordance with international accounting standards (IFRS) or similar regulations are typically required to file condensed interim financial accounts.
To fill out condensed interim financial accounts, companies should gather financial data for the reporting period, summarize key figures like revenue, expenses, and net income, and ensure compliance with relevant accounting standards. It should also include comparative figures from the previous period.
The purpose of condensed interim financial accounts is to provide stakeholders with timely financial information that helps in assessing the company's performance and making informed decisions between annual reporting periods.
Condensed interim financial accounts must report key financial metrics such as total revenue, net income, total assets and liabilities, cash flows, and comparative figures from the prior period. Notes to the accounts explaining significant changes and risks may also be included.
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