Annual Financial Statements

All South African entities created through legislation (companies, close corporations, NGOs, etc.) must produce Annual Financial Statements (AFS). LouwCooper advises our clients on the relevant requirements and we assist with the preparation of AFS that typically consists of:

  • A balance sheet reporting the financial position (assets, liabilities and equity)
  • An income statement depicting annual company performance
  • A cash flow statement to track cash reserve movements
  • Policies of the entity to indicate which accounting policies and standards are being used
  • Notes to the AFS which provides invaluable contextual information
  • A report by an independent party can also form part of the AFS and may, in some cases, be required by law


Contact us for more information and we hope to answer any questions you may have


6 Remington Rd
Wynberg, Cape Town 7800



+27 (0) 21 761 3489
+27 (0) 63 589 1605