Financial statements from Bosnia and Herzegovina

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

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

Reporting of financial statements in Bosnia and Herzegovina is subject to the Accounting and Audit Act, as well as by other regulations.

Accounting standards in Bosnia and Herzegovina are based on the IFRS and are used both by major and medium-sized companies and by some categories of small companies.

Financial statements in Bosnia and Herzegovina are filed to the Agency of financial information by both commercial and public entities.

Financial statement includes:

• Balance sheet
• Profit and loss report
• Notes
• Auditor’s report

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 Agency of financial information and are public. However, access is granted to authorized users only.
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 company, its full name and registration number are required.

Financial statements are provided in accordance with the legislation of Bosnia and Herzegovina 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.