Balance sheet, profit and loss, and cash flow reports
In some countries, companies are required by law to submit their financial data in electronic form to public authorities. This includes the balance sheet and profit and loss statement.
Typically, a statement of cash flow is included in the financial statements that are generated at year-end. The primary function of a statement of cash flow is to provide this information:
- Changes in balance sheet accounts
- Change in the profit and loss statement
- How the balance sheet accounts and profit and loss statement affect cash and cash equivalents
The cash flow analysis is separated into operating, investing, and financing activities.
Chile specifics
The tax authorities require an 8-column balance sheet. The balance sheet shows account balances for a specified period, classified as asset, liability, loss, or gain.
Every company in Chile must deliver the FECU report to the supervisory authority every quarter. This report shows the financial statements in a standardized format and is used to publicize a company's performance for the period.