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 2011: deposits = enterprises, associations, foundations

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  Infodesk: Contact information and conclusion Adress internet:

13 Thank you for your attention Paul Van Geyt