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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2006 CONTENTS Corporate information Statement by management Auditors report Balance sheet (Form B 01 DN) Income statement (Form B 02 DN) Cash flow

How to fill out statement by management

How to fill out a statement by management:

1. Begin by clearly stating the purpose of the statement. This could be to inform stakeholders about recent developments, address any concerns or issues, or provide updates on the company's performance.
2. Provide a brief introduction about yourself or the management team. Include relevant background information and experience to establish credibility.
3. Clearly define the scope of the statement. Identify the specific topics or areas that will be covered in the statement to ensure that the information provided is focused and relevant.
4. Use a systematic approach when presenting the information. Organize the statement into sections or points to make it easier for readers to follow. Each point should be concise, but provide enough detail to effectively communicate the information.
5. Use clear and professional language throughout the statement. Avoid jargon or technical terms that may not be easily understood by all stakeholders. It is important to communicate in a manner that is accessible to a wide audience.
6. Back up statements with facts, data, or examples whenever possible. Providing evidence or supporting information will help to enhance credibility and strengthen the message being conveyed.
7. Be transparent and honest in addressing any issues or challenges. Acknowledge any concerns or mistakes, and provide a plan or solution for moving forward. Open communication will help to build trust with stakeholders.

Who needs a statement by management:

1. Shareholders or investors: Shareholders have a vested interest in the company's performance and direction. Providing them with a statement by management keeps them informed and engaged in the decision-making processes.
2. Employees: Employees rely on management for guidance and direction. A statement by management can help align employees' efforts with the company's goals and provide reassurance during times of change or uncertainty.
3. Customers or clients: Customers may have questions or concerns about the company's operations or future plans. A statement by management can address these concerns and provide reassurance to customers, maintaining their loyalty and trust.
4. Regulatory bodies or authorities: Compliance with regulations is crucial for any organization. A statement by management can ensure transparency and demonstrate the company's commitment to following applicable laws and regulations.
5. Suppliers or business partners: Suppliers and business partners may need information about the company's financial stability, performance, or strategy. A statement by management can help establish trust and strengthen business relationships.

In summary, filling out a statement by management requires a clear purpose, organized presentation, and transparent communication. The statement is needed by various stakeholders, including shareholders, employees, customers, regulatory bodies, and business partners, to ensure transparency and provide relevant information.

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What is statement by management?

Statement by management is a formal declaration made by the management of a company regarding the financial statements.

Who is required to file statement by management?

The senior executives of the company are typically required to file the statement by management.

How to fill out statement by management?

The statement by management can be filled out by detailing the company's financial position, performance, and any potential risks.

What is the purpose of statement by management?

The purpose of the statement by management is to provide assurance to stakeholders regarding the accuracy and reliability of the financial statements.

What information must be reported on statement by management?

The statement by management must include information on the company's financial standing, performance, and any potential challenges or risks.