In what case do annual financial statements contain an income statement?

The income statement contains a classification of income and expenses; the profit or loss and the profit or loss for the year must be stated separately. Besides the balance sheet the income statement is a material part of the annual financial statements; however, publishing the same is not always compulsory. In this regard multiple factors play a role, such as the amount of the balance sheet total, the amount of revenue or the number of employees.

Overview of the documents that must be submitted depending on the size of a company.