Preparation of Financial Statements

Financial Reporting for All Entity Types 

Preparing financial statements in line with applicable accounting standards is a statutory requirement for most businesses in Malta. At BDO Malta, we assist companies with the preparation of both standalone and consolidated financial statements, ensuring that reporting is complete, accurate, and compliant with the relevant frameworks. 

We support businesses across various sectors and structures, including limited liability companies, partnerships, holding companies, and group entities. Our team ensures that the financial reporting process is efficient, properly documented, and ready for audit and regulatory submission. 

Standalone Financial Statements 

We prepare financial statements for individual entities under: 

• General Accounting Principles for Small and Medium-Sized Entities (GAPSME) 
• International Financial Reporting Standards (IFRS) 

Our work includes: 

• Preparing the Statement of Financial Position, Statement of Comprehensive Income, Statement of Cash Flows, Statement of Changes in Equity, and accompanying notes 
• Incorporating year-end adjustments and disclosures 
• Assisting with the preparation of Directors’ Reports and supplementary schedules where required 
• Supporting audit readiness and documentation for review 
• Formatting and structuring the financial statements to meet Malta Business Registry (MBR) requirements 

Consolidated Financial Statements

We assist parent companies in preparing consolidated accounts in accordance with GAPSME and IFRS, including: 

• Assessing the group structure and financial reporting requirements 
• Aligning accounting policies across subsidiaries 
• Eliminating intra-group transactions and balances 
• Preparing consolidation workings 
• Preparing consolidated financial statements for submission and audit 

We also support groups that prepare financial information under Malta’s Fiscal Unit tax regime, where reporting follows tax-specific rules that differ from statutory consolidation.

Compliance and Filing Support

• Preparing financial statements in formats accepted by the MBR 
• Ensuring compliance with relevant Companies Act requirements 
• Coordinating with auditors and legal representatives to support timely submission 

Our Approach 

We work closely with clients to gather financial data, apply the relevant accounting framework, and prepare financial statements that meet all regulatory and stakeholder expectations. Our process is built around accuracy, efficiency, and timely delivery. 

Who We Support

• Limited liability companies 
• Standalone entities and subsidiaries 
• Holding companies and group structures 
• Partnerships and investment vehicles 
• Groups under Malta’s Fiscal Unit regime (for tax reporting purposes only) 

For professional support with the preparation of financial statements, contact BDO Malta today. 

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