Financial statements from Kazakhstan

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

In accordance with the law, a significant part of enterprises in Kazakhstan is required to submit annual financial reports. The transmission of this data occurs in electronic form. The report is created using special software. It has a digital signature.

The filing of financial statements in Kazakhstan is regulated by the Law on Accounting and Financial Reporting, the Law on Joint-Stock Companies and other regulatory legal acts.

Kazakhstan applies the International Financial Reporting Standards (IFRS). They are used by public companies, large companies, companies participating in a stock exchange. They can also be used by small and medium enterprises.

Financial reports in a standard form are submitted by:

• joint stock companies
• listed companies

Financial companies submit a report in a separate form.

Financial statements in Kazakhstan are submitted to the Depository of Financial Statements, which is a digital platform of the Ministry of Finance of the Republic of Kazakhstan. Previously, financial statements were published in special print media.

Financial statements must be submitted before August 31 of the following year. Delayed filings are punishable.

Annual financial report includes:

• balance sheet
• profit and loss report
• cash flow statement
• statement of changes in equity
• notes

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 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 data on the financial statements of enterprises in Kazakhstan BIN number, full company name and legal address are required.

Financial statements are provided in accordance with the Kazakhstan 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.