RE: Way forward18 Dec 2024 13:30
Aim Rule 19
"Annual reporting
AIM Rule 19 requires that audited accounts are prepared within six months of the year end.
For companies incorporated in the UK, consolidated accounts must be prepared under IFRS Accounting Standards as adopted by the UK. For companies incorporated in the EEA, consolidated accounts must be prepared under IFRS Accounting Standards as adopted by the EU (For guidance on the UK's withdrawal from the European Union see our dedicated page). Company only accounts may be prepared under either IFRS Accounting Standards as applicable in the relevant jurisdiction (i.e. UK or EU) or national GAAP. An AIM company which is not incorporated in either in the UK or an EEA country must prepare and present these accounts in accordance with IFRS Accounting Standards, US GAAP, Canadian GAAP, Australian IFRS or Japanese GAAP.
Rule 19 also includes requirements for:
disclosure of certain related party transactions (which will almost certainly already be required by IAS 24 or similar requirements in other GAAPs); and disclosure of the remuneration earned by each director including (a) emoluments and compensation, including any cash or non-cash benefits received; (b) share options and other long term incentive plan details, including information on all outstanding options and/or awards; and (c) the value of any contributions paid by the AIM company to a pension scheme."