Financial statements from Myanmar

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

According to law, companies registered in Myanmar must report their annual reports and financial statements.

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

In Myanmar, the IFRS are used by large public companies. Their use is also allowed for small and medium-sized companies.

Companies are obliged to file annual reports and financial statements to the Directorate of Investment and Company Administration and to tax authorities. In addition, companies selling their shares publish their financial statements through the stock exchange.

Annual report includes:

• Name of the Company
• Identification number of the company
• Information on directors and secretary
• Registered office address
• Trading address
• Share capital
• Information on the last shareholders’ meeting
• Nature of business
• Information on legal representatives

Annual financial statement includes:

• Balance sheet
• Profit and loss report
• Notes

Financial statements can be obtained with a special online service of the Directorate of Investment and Company Administration. This option is available only for authorized users.

Financial statements of companies selling their shares can be obtained on the website of the stock exchange.

To obtain financial statements of a specific company, its full name in English or Burmese language and registration number are required.

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

Financial statements in Myanmar 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.

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 Myanmar 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.