välitilinpäätös

Välitilinpäätös, meaning interim financial statement in English, is a financial report prepared by a company during its fiscal year, not just at the year-end. These statements provide a snapshot of the company's financial performance and position for a specific period, such as a quarter or a half-year. They are typically less detailed than annual financial statements but offer valuable insights into the company's ongoing operations.

The primary purpose of a välitilinpäätös is to inform stakeholders, including management, investors, and creditors, about the company's financial health at regular intervals. This allows for timely decision-making and adjustments to business strategies if performance deviates from expectations. Key components of a välitilinpäätös often include an income statement, a balance sheet, and a cash flow statement, though the specific content can vary based on regulatory requirements and company policy.

In many jurisdictions, publicly traded companies are required to publish välitilinpäätös reports at least quarterly. This enhances transparency and accountability in the financial markets. Smaller companies may also prepare them for internal management purposes or to satisfy loan covenants. The preparation of these statements involves accounting principles similar to those used for annual reports, but often with less extensive disclosures and audit procedures.