ANNUAL SUMMARY FINANCIAL STATEMENTS FOR COMPANIES REGISTERED IN CAMEROON

At the close of each fiscal year, the manager or the board of directors, or the general director, as the case may be, shall prepare and adopt summary financial statements by the provisions of the Uniform Act on the organization and harmonization of corporate accounting.

Approval of annual summary financial statements

The manager, the board of directors, or the general director, as the case may be, shall prepare a management report in which she shall describe the company position during the ending fiscal year, its foreseeable trend, important events that occurred between the closing date of the fiscal year and the date on which the report was established and, in particular, an outlook on the company future performance, changes in net cash position and financing planning.

The following statements shall be appended to the annual summary financial statements:

1) A statement of suretyships, endorsements, and guarantees granted by the company;

2) A statement of security interests over moveable assets offered by the company.

Annual summary financial statements and the management report of public limited companies, simplified public limited companies, and, where applicable, private limited companies, shall be sent to auditors at least forty-five (45) days before the date of the ordinary general meeting.

These documents shall be presented to the general meeting of the company approving the summary financial statements, which must be held within six (6) months from the end of the fiscal year.

Any changes in the presentation of the summary financial statements or the methods of evaluation, depreciation, or provisions compliant with accounting law shall be noted in the management report and, where appropriate, in the auditor’s report.

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