Applicable periods for the annual financial statements in Singapore
If the financial statements concern a period of time before the above mentioned date, the companies have to file their financial statements in PDF format and their financial highlights in their Yearly Return (YR). A accountant in Singapore can provide more details on this matter.
Minimum requirements for the annual financial statements in Singapore
The minimum requirements for the annual financial statements in Singapore represent a set of data within the ACRA Taxonomy 2013 which have to be filed. These requirements consist of:
• Text block information: it represents a complete set of financial statements deferred to utilizing a single text block element;
• Detailed data (statutory reports): these contain:
o Statements by directors;
o Independent auditors report;
• Detailed information (primary financial statements): these are comprised of:
o Statement of financial situation;
o Income statement;
o Statement of cash flows;
• Detailed information (disclosure notes): these involve:
o Business and general information;
o Trade and other receivables;
o Trade and other payables;
o Share funds;
o Government grants;
o Workers benefit expense;
o Operating segments;
o Real estate, plant and equipment;
o Selected expense and income.
For more detailed, personalized information on the annual financial statements in Singapore, our accounting firm in Singapore is at your service; please do not hesitate to contact us.