vuositilinpäätösten

Vuositilinpäätös is the Finnish term for an annual financial statement. It is a set of financial reports that a company or organization prepares at the end of its fiscal year. The primary purpose of a vuositilinpäätös is to provide a clear and comprehensive overview of the entity's financial performance and position during the past year.

The vuositilinpäätös typically includes several key components. The income statement (tuloslaskelma) details the revenues and expenses over the period, resulting in a net profit or loss. The balance sheet (tase) presents a snapshot of the company's assets, liabilities, and equity at a specific point in time. A cash flow statement (rahavirtalaskelma) tracks the movement of cash in and out of the business from operating, investing, and financing activities. Additionally, notes to the financial statements (liitetiedot) provide further explanations and disclosures about the figures presented.

In Finland, the preparation and submission of a vuositilinpäätös are governed by law, particularly the Finnish Accounting Act (Kirjanpitolaki). Companies are required to file their annual financial statements with the Finnish Patent and Registration Office (PRH) within a specified timeframe after the end of the fiscal year. The vuositilinpäätös serves various stakeholders, including shareholders, investors, creditors, employees, and regulatory authorities, enabling them to assess the company's financial health and make informed decisions.