Follows GRE HCMC Feb. 2024 announced content of annual financial reports, #201150.
Main Points
GRE HCMC reminded of ESMA's common European supervisory priorities, for the annual financial reports for the year 2024, which are divided into three sections.
GRE HCMC underscored the importance of some accounting matters the issuers and statutory auditors must pay attention to in order to ensure proper adherence to IFRSs.
It reminded changes from Jan. 1, 2024 re IAS 1 on classification of debt obligations and IFRS 16 on the right to use fixed asset after a sale and lease back transaction.
Large companies or group's parent companies must publish sustainability reports under Law 5164/2024 (#233765) implementing CSRD Dir, ESG reporting standards.
Presentation of requirements for the announcement of results and estimates/forecasts.
Use of Alternative Performance Metrics (MIPs) must comply with ESMA guidelines.
Issuers must take all appropriate measures to ensure the timely publication of financial reports without undue delay short after their approval by their Board of Directors.
Effectiveness
The deadline for the publication of the annual financial report for the year 2024 is Apr. 30, 2025; issuers are advised to not wait until the latest date to publish their report.
Regulators
GRE HCMC
Entity Types
Auditor; Corp
Reference
PR, 2/14/2025; Law 5164/2024; CSRD Dir 2022/2464; ESMA32-193237008-8369; ESMA/2015/1415el; ESG
