lisäselvityksin

Lisäselvitykset are additional explanations or clarifications that are required or provided in various Finnish legal, financial, and administrative contexts. The term literally translates to “supplementary explanations.” They are used to enhance or complement primary documentation, ensuring that all relevant information is fully disclosed and understandable to stakeholders, such as investors, regulators, or the public.

In financial reporting, Finnish regulations require companies to include lisäselvitykset in their annual financial statements when part of the financial data cannot be presented in a single line or aggregated format. These explanations help readers understand the underlying reasons for substantial fluctuations, unusual items, or changes in accounting policy. For instance, a company might provide a lisäselvityksen detailing the impact of restructuring costs that are not shown as a single line item on the income statement.

In the context of corporate governance, the Finnish Companies Act (Osakeyhtiölaki) stipulates that board members must include lisäselvitykset when preparing the annual report if there are matters that are deemed important for shareholders to understand. This can involve explanations of significant risks, future development plans, or major compliance issues.

Administrative procedures also make use of lisäselvitykset. When a company submits a tax return or a permit application, the authorities may request additional explanations to clarify ambiguous points or to verify compliance with statutory requirements. Responding with a clear lisäselvityksen can expedite the approval process and reduce the likelihood of further audits.

Overall, lisäselvitykset serve to ensure transparency, reduce ambiguity, and promote informed decision‑making by providing detailed context that cannot be captured through standard reporting lines alone.