Appendix IV: Financial Information Required
HISTORICAL FINANCIAL INFORMATION
Three years (or, if less, period since incorporation) (cf. eligibility requirements for Premium Listing)
Age of last audited accounts?
Not more than:
- Nine months old if no interims included;
- 15 months old if unaudited interims included; or
- 18 months old if audited interims included.
(cf. eligibility requirements for Premium Listing)
Applicable accounting standards?
If EEA issuer
, IFRS or, if not applicable to a member state, the relevant national accounting standards.
If non-EEA issuer, IFRS or “equivalent standards”.
Obligation to restate prior periods to IFRS?
The last two years must be presented on a basis consistent with the next year’s accounts. Listed EEA issuers are required to report to IFRS, so in most cases, information in respect of the last two years will need to be prepared or restated to IFRS.
What about AIM companies?
If EEA issuer, IFRS.
If non-EEA issuer, IFRS, US GAAP, Canadian GAAP, Australian IFRS or Japanese GAAP.
The historical financial information must be independently audited or reported on as to whether it gives a true and fair view.
Required in the case of a “significant gross change”.
If issuer has published quarterly or half-yearly accounts since its last year-end, these must be included.
If annual accounts are more than nine months old, interims covering at least the first six months of the current year must be included; if more than 15 months old, they must be audited.