Ligikaudsust

Ligikaudsust is an Estonian financial term that refers to the financial reserves accumulated by a company or individual over a certain period of time. It is a key concept in the Estonian financial and accounting system.

In Estonia, ligikaudsust is considered to be the same as the financial "available for use" reserves, which are meant to cover short-term financial obligations and are not yet recognized in the annual financial statement. These reserves are formed by accumulating a portion of the company's or individual's income, usually on an annual basis.

The ligikaudsust concept is closely related to the Estonian accounting standard, which requires companies to set aside a portion of their income for future financial obligations, such as taxes, shareholder dividends, and operating expenses. This accounting standard helps companies to maintain a stable financial situation and make informed financial decisions.

There are different types of ligikaudsust, including the profit portion, which is a portion of the company's operating profit, and the obligatory portion, which is a portion of the income required to be set aside to cover taxes and other financial obligations. Companies can choose to accumulate ligikaudsust over several accounting periods, which helps to reduce their financial risk.

In recent years, the ligikaudsust concept has become increasingly important in the Estonian financial and business environment, as it provides a stable financial foundation for companies and individuals to carry out their financial and business activities. The regulatory requirements for ligikaudsust are specified in the Estonian Accounting Act and other relevant legislation.