Financial Statements & Reporting Services

CIPC-compliant annual financial statements prepared by qualified accountants. From draft to sign-off, we deliver accurate reporting that satisfies SARS, banks, and investors.

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Financial Statement Services

AFS for VAT-Registered Businesses

Full annual financial statements for VAT-registered companies, including income statements, balance sheets, notes, and directors' reports. Prepared in accordance with IFRS for SMEs or full IFRS as required, and ready for CIPC submission.

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AFS for Non-VAT Registered Businesses

Streamlined annual financial statements for businesses that are not registered for VAT. We ensure your financials comply with the applicable reporting framework and are accepted by SARS, banks, and other stakeholders.

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Draft & Sign-Off Only

Already have your bookkeeping done? We review your trial balance, prepare the annual financial statements, and provide an independent accountant's report and sign-off — ideal for businesses with in-house bookkeepers.

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Annual Financial Statements Overview

Learn more about our full range of financial statement services, including compilation reports, independent reviews, and audit-ready packages. We cater to companies of all sizes across every industry in South Africa.

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Compliant Financial Statements — Done Right

Whether you need a full set of IFRS financial statements or a simple compilation report, our team delivers accurate, CIPC-ready reports on time and within budget.

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Financial Statements FAQs

Who needs annual financial statements in South Africa?

Every company registered with CIPC is required to prepare annual financial statements (AFS) within six months of its financial year-end, as stipulated by the Companies Act 71 of 2008. This applies to private companies (Pty Ltd), personal liability companies, non-profit companies, and state-owned companies. Close corporations must also prepare AFS under the Close Corporations Act. Even if a company is dormant, annual financial statements must still be prepared and kept on record for at least seven years.

What is included in annual financial statements?

A complete set of annual financial statements typically includes a statement of financial position (balance sheet), a statement of comprehensive income (income statement), a statement of changes in equity, a cash flow statement, and notes to the financial statements including accounting policies and explanatory information. For smaller entities reporting under IFRS for SMEs, certain components may be simplified. Additionally, a directors' report and an accountant's compilation or independent review report are usually required.

What are the CIPC financial statement requirements?

CIPC requires all registered companies to prepare annual financial statements in accordance with an appropriate financial reporting framework (IFRS, IFRS for SMEs, or the modified cash basis for qualifying entities). Companies with a Public Interest Score (PI Score) above 350 must have their financial statements audited, while those with a PI score between 100 and 350 must undergo an independent review. Companies below a PI score of 100 may opt for a compilation report by an independent accounting professional. Financial statements must be approved by the board of directors and kept available at the company's registered office.