Financial statements required to be approved by shareholders
The management of an entity completes draft financial statements for the year to 31 December 2012 on 28 February 2013. On 17 March 2013, the board of directors reviews the financial statements and authorises them for issue. The entity announces its profit and certain other financial information on 18 March 2013. The financial statements are made available to shareholders and others on 1 April 2013. The shareholders approve the financial statements at their annual meeting on 11 May 2013 and the approved financial statements are filed with a regulatory body on 13 May 2013.
The financial statements are authorised for issue on 17 March 2013 (date of board authorisation for issue).