Financial statements from Malaysia

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

According to law, most companies registered in Malaysia must report or publish their financial statements.

Reporting of financial statements in the Malaysia is subject to the Companies Act from 1965, Financial Statement Act from 1997 and other regulations.

In Malaysia, the IFRS are used. Their use is mandatory for public companies and allowed for other types of companies.

In Malaysia, companies of all legal forms are obliged to file financial statements, with the exception of private exempt companies.

Financial statements are filed to the Companies Commission of Malaysia. In addition, financial organizations must file their annual statements to the central bank of Malaysia.

Financial statements must be presented to the shareholders’ meeting for approval within six months after the end of the financial year. After its approval, the financial statement must be filed the Companies Commission within one month.

Companies selling their shares file their financial statements through the stock exchange.

Annual financial statement includes:

• Income declaration
• Balance sheet
• Cash flow statement
• Notes

Financial statements in Malaysia are provided by the trade registry. Based on the financial statements, consolidated documents for certain time periods are prepared. These are public, however, are provided only for a fee through a special online service.

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

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

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.

Financial statements are provided in accordance with the legislation of Malaysia 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.