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Importance of Financial Information Publication in Belgium: Insights from IBR-IRE Congress

Discover the significance of publishing financial information in Belgium through Paul Van Geyt's presentation at the Institute of Professional Accountants of Russia Congress in 2012. Explore the legal requirements, competition aspects, and deposit procedures for annual accounts, including consolidated accounts and related documents. Learn about the role of the Central Agency (BNB) and criteria for electronic deposits, along with reporting obligations for different entities. Gain insights into International Financial Reporting Standards (IFRS) and access useful links from Centrale des Bilans for consultation and statistical analysis. Contact details included.

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Importance of Financial Information Publication in Belgium: Insights from IBR-IRE Congress

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  1. Congres of the Institute of Professional Accountants of Russia December 11-12, 2012 “The publication of financial information in Belgium” ‘Paul Van Geyt’ IBR-IRE Datum

  2. Introduction Importance of the publication of financial information Why a mandate publication of annual accounts? Competition aspects? Legal base!!

  3. Who has to disclose what? • who: companies-limited responsibility: • What: annual accounts Consolidated accounts

  4. How to deposit? • General rule: electronic • Exception: on paper (0.5%) • Centrale des bilans = BNB(Central agency) • Language

  5. Cost of deposit and timing • For enterprises: 2 tariffs • For associations and foundations • Term of valuation and deposit

  6. Other documents to deposit • Report statutory auditor • If there is an auditor nominated • In the same language + same support • Report of management • Big enterprises • Specific report • In the same language + same support

  7. Deposit via Internet • Specific application • Utilisation conditions • Refused annual accounts • Electronic certificate

  8. Criteria and model • For enterprises: size • For associations et foundations: idem • Content of annual accounts of companies, associations and foreign foundations • Social balance

  9. International Fin. Reporting Standards • IFRS model • Consolidated accounts IFRS • Other useful links

  10. Products «  Centrale des Bilans ! • Consultation of accounts • Company dossier • DVD ‘Files of normalized annual accounts’ + printed copy • Statistics

  11. Products Centrale des Bilans • Indicators of the continuous education in enterprises • Service web ‘Image of the annual accounts’ • Service web ‘Files of annual accounts’ • Service web ‘Reference index cards’

  12. Contact information and conclusion • Infodesk: centraledesbilans@nbb.be Adress internet: http://www.nbb.be

  13. Thank you for your attention Paul Van Geyt

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