Publication of annual reports on the Internet

Who publish AFR in economic journals or internet?

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  • All businesses which are subject to independent audit and have not reregistered according to the Commercial Register Act.
  • All unincorporated enterprises (companies under the Obligations and Contracts Act).
  • All non-profit organisations, which are not registered for the public benefit.

If you have an obligation to publish your annual financial reports on the Internet, we offer the opportunity to do this on our website. We will provide access to your reports in the form and for the time required by law.

As a reminder, businesses with no activity during the financial year are also required to publish their annual financial statements.

What is a subject to publication?

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According to Art. 40 of the Accounting Act annual financial reports and annual activity reports, adopted by the General Assembly of the partners/shareholders or a relevant authority, should be published.

According to Art. 26, paragraph 1 of the Accounting Act, annual financial reports of the companies include:

  • Balance sheet
  • Statement of income and expenses
  • Statement of cash flows
  • Statement of changes in equity
  • Information for (non-current) fixed assets
  • Application

Details?

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  • For businesses that are subject to an independent financial audit reports are published in the form in which they are certified by a registered auditor together with the audit report and the annual report, adopted by the General Assembly of the partners/shareholders or the relevant authority.
  • For companies that prepare consolidated financial reports, these reports should be published.
  • Joint stock companies (JSC), limited partnerships with shares and limited liability companies (LLC) publish also:
    • Information on the proposal of the governing body for the distribution of the profit or covering of the loss for the previous year.
    • The decision of the general meeting of shareholders/partners on the distribution of the profit or covering of the loss for the previous year.

Important: In connection with the changes in the Accounting Act, which entered into force on 03/05/2011, at the request of the supervisory authorities, enterprises should provide information where they have published their accounts for the previous 3 years.If you have forgotten to publish annual financial statements for previous years, we recommend to do it now.

To publish an annual report on our website go to Publish on the Internet.