IMG_0207.jpeg

# Jahresbericht A yearly report provides an overview of a company's financial position. It includes: * **Balance Sheet (Bilanz):** Shows assets and liabilities at a specific point in time. * **Profit and Loss Statement (Gewinn- und Verlustrechnung):** Displays revenues and expenses over a peri...

# Jahresbericht A yearly report provides an overview of a company's financial position. It includes: * **Balance Sheet (Bilanz):** Shows assets and liabilities at a specific point in time. * **Profit and Loss Statement (Gewinn- und Verlustrechnung):** Displays revenues and expenses over a period. Calculated as: Revenues - Expenses = Profit/Loss. * **Statement of Changes in Equity:** Shows how equity changed over a period * **Cash Flow Statement (not explicitly mentioned):** Shows the flow of cash in and out of the company over a period. * **Management Discussion and Analysis:** A section explaining the company's financial situation and future outlook. * **Notes to the Financial Statements (Anhang):** Additional information and explanations to the main financial statements. ## What is included in a Yearly Report? * **Company's financial situation:** A snapshot of the company’s assets, liabilities, and equity at a specific point in time. * **Changes in assets and liabilities:** How these items have changed over a period. * **Profit/loss calculations:** Shows the company’s revenue and expenses and their differences. ## Who prepares and reviews the Yearly Report? **Preparation and review** * **Internal:** Owners, management, and employees. * **External:** Investors, banks, tax authorities. ## Preparation Timeline The report is typically released within three months after the end of the fiscal year. ## Balance Sheet Elements * **Assets (Aktiva):** Items of value owned by the Company * **Liabilities (Passiva):** Claims against assets by other entities * **Equity (Eigenkapital):** The ownership stake Balance sheet is shown on **December 31st**. ## Example of Balance Sheet - Creditbank AG | | **Aktiva** | **Passiva** | |---|---|---| | **Vermögen** | **Fremdkapital** | | Nach abnehmender Liquidität | | | | | | | || | ## Example of different types of Accounts * **Debtor:** A person or company owing money to the business. * **Creditor:** A person or company to whom the business owes money. **Table of Value Changes on the Balance Sheet** | Item | Description | Impact on Balance Sheet | |---|---|---| |Aktivtausch Geschäftsfall Nr. 1 | Increase in a particular asset account.| Balance remains the same, no effect.| |Passivtausch Geschäftsfall Nr. 2 | Increase a particular liability account.| Balance remains the same, no effect.| ## Financial Report Outline for Creditbank AG **Account** | **Description** | |---|---| | **Aktivkonten** | Cash, Bundesbank, Debtors | | **Passivkonten** | Accounts Payable, Creditors. |