Financial statements from Moldova

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

According to law, commercial companies in Moldova must submit annual financial statements. These data are reported in electronic form or in paper.

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

In Moldova, the IFRS are used. Their use is mandatory for public companies and companies participating in stock exchange. They can also be used by medium-sized and small companies.

Small and micro-sized companies may compile their financial statements in a simplified form. Public interest companies, large and medium-sized must file full financial statements.

In Moldova, annual financial statements are filed to local offices of the national statistics bureau which manages the information service for financial statements.

According to law, a public depository of financial statements kept by the national statistics bureau is currently being organized. However, for technical reasons it is not functioning yet. At the same time, medium-sized and large companies as well as public interest companies are obliged to publish their financial statements on according resources.

Annual financial statements have to be filed within 120 days by public interest companies of within 90 days by other companies.

Full financial statement includes:

• Balance sheet
• Profit and loss report
• Equity statement
• Cash flow statement

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.

In future, financial statements are supposed to be provided by the public depository of financial statements. At the moment they can be obtained on special information resources, the website of the stock exchange, or requested from according authorities.

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 Moldova 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.