Notes to the financial statements


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Notes to the financial statements

A detailed set of notes immediately following the financial statements in an annual report that explain and expand on the information in the financial statements.

Notes to the Financial Statements

All passages following a financial statement giving additional information and/or explaining unusual entries.
References in periodicals archive ?
This news release is not in any way a substitute for reading the Boyd Groups financial statements, including notes to the financial statements, and Managements Discussion & Analysis.
The policy also requires that the dividend declaration be immediately recognized as a liability in accordance with PAS (Philippine Accounting Standards) and that it be disclosed in the statement of equity changes and in the notes to the financial statements," said the BSP.
CPAs know that the financial statements include the balance sheet, statement of operations, cash flow statement, and statement of changes in capital accounts (usually called the basic financial statements), and the notes to the financial statements.
Some of those transactions and events (referred to as recognized events) require adjustments to the financial statements while others (referred to as nonrecognized events) may require disclosure in the notes to the financial statements.
This discussion provides an overview of the financial position of the System for the year ended June 30, 2008 and should be read in conjunction with the accompanying financial statements and notes to the financial statements.
Disclosure in the notes to the financial statements of pension plans and certain employer governments of the current funded status of the plan.
Governments would also disclose additional information about their derivatives in the notes to the financial statements.
Notes to the financial statements for that year include reference to loans made to four directors including Mr Pickering, who was loaned pounds 143,259.
All elements of the report comprising the trustees report, investment report, statement of trustees responsibilities, auditors report, fund account, net assets statement, notes to the financial statements, actuarial statement and actuarial certificate, are automated and generated at the push of a button.
Currently, investors have to search for this information in the notes to the financial statements, if it is available at all, and factor it into their valuation of the company's equity or debt, said Rebecca McEnally, vice-president of AIMR's advocacy programme.
When reporting components of other comprehensive income on a financial statement, all items other than minimum pension liability adjustments may be reported at a gross amount or at net amount with the gross amount reported in the notes to the financial statements.