Proposed quarterly reporting requirements for listed companies
28 Sep 2007
The Exchange proposes to require Main Board issuers to publish (via posting on the Exchange's website and on the company's website) quarterly reports within 45 days after the end of the relevant quarter.
They would not be required to be audited, but would have to include certain key information, including:
- A condensed consolidated income statement, with comparatives;
- A condensed consolidated balance sheet, with comparatives;
- A condensed consolidated cash flow statement, with comparatives;
- A concise and fair business review covering:
- (i) a review of significant developments of the business of the listed issuer and its subsidiaries during the financial period and of the financial position of the group at the end of the period;
- (ii) details of important events and transactions affecting the Group which have occurred between the end of the financial period and the date the report is released i.e. details of significant post balance sheet events; and
- (iii) an indication of future developments in the business of the Group, including prospects for the current financial year.
