Financial statements from Estonia

Schmidt & Schmidt offers financial statements from Estonia in electronic form and their translations into English.

According to law, most companies in Estonia must submit annual reports. These data are reported in electronic form or in paper form. Depending on the company’s size and nature of business, the law requires different amounts of data to be published.

Reporting of financial statements in Estonia is subject to the Accounting Act, Financial Statements Act and other regulations.

In Estonia, the IFRS are used since 2003.

Mandatory financial statements are filed to the commercial register.

Filing of full annual reports is mandatory for:

• Large companies
• Medium-sized companies

Financial statements in shortened form (balance sheet, profit and loss report and notes) are filed by:

• Small companies
• Micro-sized companies

Financial statements must be filed within six months after the end of the financial year. Delayed filing of financial statements is penalized.

Annual report includes:

• Financial statement
• Business report
• Auditor’s notes

Financial statement includes:

• Balance sheet
• Profit and loss report
• Equity statement
• Notes

Example of a financial statement from Estonia in the Estonian language.

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.

Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.

Financial statements are provided by commercial register and can be obtained directly at its office or in electronic form with a special online service available in English and Estonian language.

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.

To obtain financial statements of a specific enterprise, its full name or registration number are required.

Financial statements from the trade register are public, but are provided for a fee.

Financial statements are provided in accordance with the Estonian legislation and legal requirements on personal data protection.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.