- interim financial statements
- = interim accounts; interim reportFinancial statements issued for a period of less than a financial year. Although there are provisions under the Companies Act (1985) that refer to interim accounts in certain circumstances relating to the distribution of dividends, there are no legal requirements obliging companies to produce interim accounts on a regular basis. However, listed company on the London Stock Exchange are required to prepare a half-yearly report on their activities and profit and loss during the first six months of each financial year. The interim financial statement must be either sent to the holders of the company's listed security or advertised in at least one national newspaper not later than four months after the end of the period to which it relates. A copy of the interim financial statements must also be sent to the Company Announcements Office and to the competent authority of each other state in which the company's shares are listed. The vast majority of companies choose to send the interim statement to shareholders with a brief announcement of the headline figures reported in the press. There is no requirement for the interim statements to be audited. Although the stock-exchange regulations require mainly profit information, there is a trend for the larger companies to also provide balance sheet and cash flow statements. In the UK, the requirements only call for six-monthly financial statements, but some larger companies with interests in the USA follow the US practice of issuing reports quarterly.
Big dictionary of business and management. 2014.
Look at other dictionaries:
interim financial statements — interim accounts; = interim report Financial statements issued for a period of less than a financial year. Although there are provisions under the Companies Act (1985) that refer to interim accounts in certain circumstances relating to the… … Accounting dictionary
interim report — interim financial statements … Accounting dictionary
Interim Dividend — A dividend payment made before a company s AGM and final financial statements. This declared dividend usually accompanies the company s interim financial statements. his is used more frequently in the United Kingdom, where it is usual for… … Investment dictionary
interim audit — 1) The conduct by auditors of certain phases of the audit of a company during the course of a financial year, rather than leaving all the work until after the year has ended. 2) An audit of the interim financial statements of a company … Accounting dictionary
interim accounts — See: interim financial statements … Accounting dictionary
interim accounts — See interim financial statements … Big dictionary of business and management
interim accounts — plural noun A set of financial statements for part of a financial year, usu six months • • • Main Entry: ↑interim … Useful english dictionary
interim statements — Financial statements prepared for periods other than the firm s fiscal year end. American Banker Glossary … Financial and business terms
financial statement — A report of basic accounting data that helps investors understand a firm s financial history and activities. Bloomberg Financial Dictionary * * * financial statement financial statement ➔ statement * * * financial statement UK US noun [C] ►… … Financial and business terms
Interim Statement — A public financial report covering a period of less than one year. An interim statement is used to convey the performance of a company before the end of the year. Unlike annual statements, interim statements do not have to be audited. Interim… … Investment dictionary