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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 303

Contents of half-year financial report

Basic contents

(1) The financial report for a half-year consists of:

the financial statements for the half-year; and

the notes to the financial statements; and

the directors' declaration about the statements and notes.

Financial statements

(2) The financial statements for the half-year are:

except where paragraph (b) applies:

a profit and loss statement for the half-year; and
a balance sheet as at the end of the half-year; and
a statement of cash flows for the half-year; and
if required by the accounting standards—a consolidated profit and loss statement, balance sheet and statement of cash flows.

Notes to financial statements

(3) The notes to the financial statements are:

disclosures required by the regulations; and

notes required by the accounting standards; and

any other information necessary to give a true and fair view (see section 305).

Directors' declaration

(4) The directors' declaration is a declaration by the directors:

that the financial statements, and the notes referred to in paragraph (3)(b), comply with the accounting standards; and

that the financial statements and notes give a true and fair view (see section 305); and

whether, in the directors' opinion, there are reasonable grounds to believe that the disclosing entity will be able to pay its debts as and when they become due and payable.

Note: See paragraph 285(3)(c) for the reference to the debts of a disclosing entity that is a registered scheme.

(5) The declaration must:

be made in accordance with a resolution of the directors; and

specify the day on which the declaration is made; and

be signed by a director.

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