Management report

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A management report is a representation of the course of business, the business results and the situation of a company. Medium-sized and large corporations must prepare such a report together with their annual financial statements with balance sheet , income statement and notes . The report is intended to present the company's current and future situation with regard to opportunities and risks . It must convey a picture that corresponds to the actual circumstances ( § 289 HGB).

Report parts

The need for a management report arises from Section 289 of the German Commercial Code. For group management reports, DRS 20 must also be observed. This also applies to the management report of individual financial statements (factual application obligation), provided that the legal text of the HGB is specified. According to the German accounting standards, the management report is subject to the constitutional criteria of clarity and transparency.

Subdivision:

Large corporations are also required to provide non-financial performance indicators.

Statutory status report

The management report (economic report in accordance with Section 289 (1) and (3) HGB) must be prepared by:

  • large and medium-sized corporations ( Section 264, Paragraph 1, Clause 1, Section 267 of the German Commercial Code) → e.g. B. AG, GmbH, Ltd.
  • Large and medium-sized partnerships in which no natural person is directly or indirectly fully liable as a partner ( Section 264a , Section 264 Paragraph 1, Section 267 HGB) → e.g. B. GmbH & Co. KG, Ltd. & Co. KG
  • Companies, cooperatives ( Section 336 HGB), credit institutions ( Section 340a Section 1 HGB) and insurance companies ( Section 341a Section 1 HGB) that are subject to accounting obligations under Section 5 Paragraph 2 of the Publicity Act
  • according to § 23 Abs. 1 Rundfunkstaatsvertrag (RStV) private broadcasters

Small corporations are exempt from the obligation to prepare a management report.

From the 2006 annual report, large corporations are required to include non-financial performance indicators that are important for corporate success in their management reports. At least information about the course of business and the company's situation (economic conditions, market shares, production program) must be included.

The management report must also address:

The overview should round off the picture from the balance sheet and income statement for creditors.

Since BilRUG, the supplementary report (formerly in accordance with Section 289 (2) No. 1 HGB) is no longer to be found in the management report. It is now part of the appendix (according to § 285 No. 33 HGB).

Others

Management report is also called summary, often confidential or secret reports to leaders , management or executive bodies of the military or the state . For example, the German Federal Chancellery receives situation reports from the Federal Intelligence Service and the Foreign Office . The party and state leadership of the GDR received situation reports and a. from the Ministry of State Security .

See also

Individual evidence

  1. ↑ Act to strengthen non-financial reporting by companies in their management and group management reports (CSR Directive Implementation Act). (PDF) In: Bundesanzeiger. April 18, 2017, accessed February 6, 2018 .
  2. ↑ Leaflet (PDF; 75 kB)
  3. ↑ Federal Agency for Civic Education . These reports were later published by year.