Financial statements from Sweden

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

According to law, commercial companies in Sweden must submit annual financial statements. These data are reported in electronic form. Depending on the company’s revenue, balance, number of employees and nature of business, the law requires different amounts of data to be published.

Reporting of financial statements in Sweden is subject to the Accounting Act, Financial Statements Act and other regulations.

In Sweden, both national accounting standards and the IFRS are used. Companies participating in stock exchange are obliged to use the IFRS only.

Mandatory financial statements are filed to the Companies Registration Office (Bolagsverket).

Filing of full financial statements is mandatory for:

• Joint-stock companies
• Economic alliance
• General partnerships
• Registered partnerships
• Limited partnerships
• Sole proprietors with an annual revenue over 3 million SEK

Financial statements of joint-stock companies and economic alliances must be reviewed by an auditor.

Sole proprietors with an annual revenue less than 3 million SEK file financial statements in a simplified form.

Financial statements must be filed within seven months after the end of the financial year. Six months are provided for the shareholders’ meeting to approve the financial statement, and one month afterwards – to file it.

Delayed filing of financial statements is penalized with fines or liquidation of the company.

Full annual financial statement (Årsredovisning) includes:

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

Example of a financial statement from Sweden in the Swedish 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 the Bolagsverket and can be obtained directly at its office or in electronic form with a special online service. The information is public, but is provided for a fee.

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 and identification number are required.

Financial statements are provided in accordance with the Swedish 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.