Schmidt & Schmidt offers financial statements from Finland in electronic form and their translations into English.
According to law, most commercial companies operating in Finland must submit annual financial statements. These data are reported in electronic form or in paper. Depending on the company’s revenue, balance, number of employees and nature of business, the law requires different amounts of data to be published.
Reporting of financial statements in Finland is subject to the Accounting Act.
In Finland, both national accounting standards and the IFRS are used.
Financial statements are filed to the patent and registration office of Finland directly or via tax offices.
Full financial statements must be submitted by following companies:
- Limited liability companies
- Cooperative partnerships
- Insurance companies
- Cooperative banks
- Mortgage societies
- European companies
Sole proprietors and partnerships must file financial statements if they meet at least two of the following criteria:
- Revenue over 700,000 EUR
- Balance over 350,000 EUR
- Number of employees over 10 persons
Financial statements are not submitted by housing companies and house cooperatives with the exception of special cases.
Financial statements must be filed within four months after the end of the financial year in the Finnish or the Swedish language. Delayed filing of financial statements is punishable.
Annual report includes:
- Business report
- Financial statement
- Auditor’s report (if necessary)
Full financial statement includes:
- Balance sheet
- Balance specifications
- Profit and loss report
- Cash flow statement
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 the patent and registration office of Finland and can be obtained either directly from the office, or in electronic form with a special online service.
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 its trade name and identification number are required.
Financial statements are provided in accordance with the legislation of Finland 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.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for a financial statement from Finland||ab 23,80 €||ab 20,00 €|
|Price for the translation of a financial statement from Finland||ab 41,65 €||ab 35,00 €|