Financial statements from Malta

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

According to law, commercial companies in Malta must submit annual financial statements.

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

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

Companies from Malta participating in stock exchange and large companies use the IFRS. Medium-sized and small companies may use both the IFRS and the national accounting standards.

Annual financial statements in Malta are submitted to Malta Financial Services Authority (MFSA).

Financial statements must be filed within ten months after the end of the financial year.

Filing of financial statements is mandatory for:

• Limited liability companies
• Joint-stock companies
• Partnerships
• Other company types

Simplified statements are filed by small companies. These meet following criteria:

• Balance up to 2,562,310.74 EUR
• Revenue up to 5,124,621.48 EUR
• Average number of employees during the accounting period up to 50 persons

Full financial statement includes:

• Balance sheet
• Statements of profit or loss and other comprehensive income
• Statements of financial position
• Equity statement
• Cash flow statement
• Notes
• Directors’ report
• Directors’ responsibility statement
• Corporate governance statement
• Confirmation statement
• 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 trade register kept by MFSA and can be obtained 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 company, its full name, registration number and registered office address are required.

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