The Board of Directors of a joint stock company and managers of LLC should prepare the previous period stand-alone and consolidated financial statements and related disclosures as well as the board of directors' annual report within the first three months subsequent to the year-end balance sheet date and present to the General Assembly. These financial statements to be presented at the General Assembly of the joint stock company and LLC should be prepared in accordance with the Turkish Accounting Standards (TAS), accounting principles and accompanying interpretations.
The financial statements must be prepared in Turkish and the currency used in the preparation must be in Turkish Lira.
There is no obligation in the new TCC to register and declare the financial statements, annual report, general assembly decision regarding dividend distribution and the independent auditor opinion in the trade registry gazette and to publish them on the website of the Company.
