Financial statements from Ireland

Schmidt & Schmidt offers financial statements from Ireland in electronic form and their translations.

According to law, most companies in Ireland must submit annual financial statements.

These data are reported in electronic form. Depending on the company’s revenue, balance and number of employees, the law requires different amounts of data to be published.

Reporting of financial statements in Ireland is subject to the Companies Act and other regulations.

In Ireland, both national accounting standards and the IFRS are used.

Companies participating in stock exchange are obliged to use the IFRS only. Other companies in most cases can choose between the IFRS and the national standards.

Mandatory financial statements are filed to the Companies Registration Office (CRO) which is subordinated to the Department of business, Enterprise and Innovation.

Small and micro-sized companies are exempt from filing full financial statements to CRO.

Small companies must meet following criteria:

• Balance up to 6 million EUR
• Revenue up to 12 million EUR
• Number of employees up to 50 persons

The aforementioned exemption is not extended to investment companies, financial companies and some other company types.

Large and medium-sized companies have to file full financial statements.

Full annual financial statement includes:

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

Example of a financial statement from Ireland in the English 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 CRO and can be requested 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, registration number and registered office address are required.

Financial statements obtainable from CRO are public, but are provided for a fee.

Financial statements are provided in accordance with the Irish 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.