Accurate financial statements are the foundation of every business decision, audit, and compliance requirement. Profitrack prepares all required statements in full accordance with IFRS and UAE regulatory requirements.
A complete set of financial statements under IFRS includes five primary components. Profitrack prepares all of them — with full supporting notes, accounting policy disclosures, and the clarity your auditors, investors, and licensing authority expect.
Statement of financial position showing all assets, liabilities, and equity at the reporting date — properly classified as current and non-current with full reconciliation.
Statement of profit or loss showing revenue, cost of sales, gross profit, operating expenses, EBITDA, finance costs, and net profit — by nature or by function.
Operating, investing, and financing cash flows prepared under the indirect method — showing exactly how your business generates and uses cash.
A full reconciliation of opening to closing equity, including profit for the year, dividends paid, share issues, and other comprehensive income.
All required IFRS disclosure notes — accounting policies, significant estimates, related party transactions, contingencies, and other mandatory disclosures.
Group financial statements consolidating all subsidiaries, eliminating intercompany balances, and presenting a true and fair view of the entire group.
Most UAE free zones require annual audited financial statements for licence renewal. Profitrack prepares your accounts audit-ready well before the submission deadline.
UAE Corporate Tax returns are based on your financial statements. Businesses with revenue above AED 50 million must submit audited financials with their CT return.
UAE banks require financial statements for business loans, credit facilities, and trade finance. Profitrack ensures your statements meet bank requirements.
Whether seeking investment, selling the business, or bringing in new partners — properly prepared financial statements are essential for any due diligence process.
The UAE requires financial statements to be prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). Listed companies and financial institutions follow IFRS as adopted by the UAE Securities and Commodities Authority. Profitrack prepares all financial statements to full IFRS compliance.
Yes. If your bookkeeping is incomplete or in poor condition, Profitrack first reconstructs and cleans your accounting records before preparing the financial statements. This is more time-consuming and carries additional fees, but we can work with whatever records you have to produce compliant financial statements.
For businesses where Profitrack manages the ongoing bookkeeping, annual financial statements are typically ready within 3–4 weeks of the financial year end. For one-off engagements where we are preparing statements from your existing records, the timeline depends on the completeness and quality of your books — typically 2–6 weeks.
Audit-ready, investor-ready, and delivered on time. Let Profitrack handle your financial statement preparation.