3. Financial Statements
3.1 Objective
The objective of financial statements is to give information about the financial position, the cash flows and the results of
operations of an organization in a structured way. This information supports the users of financial statements in their
decision-making process. The fundamental purpose of financial statements is to give a true & fair representation of the
financial results and health of an organization. True & fair view requires that all information of an organization reflects the
economic facts and are thus free of deception and manipulation, and that it be reliable and directed to the needs of the users.
3.2 Structure of annual reports
The structure of Financial Statements consists of the elements depicted in the chart below. The Metrohm Accounting
Manual’s scope is limited to the Balance Sheet and Income Statement