Financial statements from Uzbekistan

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

According to the current legislation, all companies registered in Uzbekistan are required to submit annual financial statements.

The submission of annual reporting in Uzbekistan is regulated by the Tax Code and a number of special provisions approved by the Ministry of Finance.

Uzbekistan currently uses national financial reporting standards. International financial reporting standards are used only by financial institutions.

Companies are required to submit annual financial statements to tax and statistical agencies. In addition, companies selling their shares publish financial statements through the stock exchange. Typically, tax authorities disclose the financial statements of companies to third parties only if there is a reasonable interest.

The deadline for submitting financial statements depends on the legal form of the enterprise and the form of ownership. For most business entities, this is the 15th of February of the year following the reporting year. The reporting year coincides with the calendar.

Public disclosure of annual financial statements for most categories of enterprises is voluntary. However, financial institutions are required to publish their statements in the relevant publications, and companies selling their shares on the stock exchange website.

Full annual financial statement includes:

• Balance sheet
• Profit and loss report
• Assets report
• Equity statement
• Notes

Access to reporting documentation is carried out through the relevant government agencies or through the website of the stock exchange (if we are talking about the annual financial statements of companies trading in their shares).

For information, you need full company name and registration number.

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 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 Uzbek 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.