Part 6 — Management and Administration Division 1 Membership
136 Financial statements at annual meeting
shareholders,
(a) in the case of a private co mpany, a financial statement
drawn up in accordance with subsection (1.1) for the period
that commenced on the date of incorporation and ended not
more than 6 months before the annual meeting or, if the
company has completed a financial year, that commenced
immediately after the end of the last completed financial
year and ended not more than 6 months before the annual
meeting, as the case may be,
(i) - (iii) repealed 2020 c25 s2(62),
(b) in the case of a public company, a comparative financial
statement drawn up in accordance with subsection (1.1)
relating separately to
(i) the period that commenced on the date of incorporation
and ended not more than 6 months before the annual
meeting or, if the company has completed a financial
year, that commenced immediately after the end of the
last completed financial year and ended not more than 6
months before the annual meeting, as the case may be,
and
(ii) the period covered by the financial year next preceding
that latest completed financial year, if any,
(c) the report of the auditor to the shareholders, and
(d) any further information respecting the financial position of
the company that the articles of the company require.
(1.1) A financial statement or comparative financial statement
referred to in subsection (1) shall
(a) include at least
(i) a balance sheet,
(ii) a statement of retained earnings,
(iii) an income statement, and
(iv) a statement of changes in financial position,
(b) present fairly the financial position of the company,
RSA 2000
(c) be drawn up in accordan ce with generally accepted
accounting principles, and
(d) be drawn up on a basis consistent with that used for the
preceding period, if any, unless a note to the financial
statement indicates otherwise.
(2) Repealed 2020 c25 s2(62).
(3) The report of the auditor to the shareholders shall be open to
inspection by any shareholder.
(4) Notwithstanding subsection (1)(b), the financial statement
referred to in that clause may relate only to the period that ended
not more than 6 months before the annual meeting if the reason for
the omission of the statement in respect of the period covered by
the previous financial statement is set out in the financial statement
to be laid before the meeting or by way of note thereto.
(4.1) Nothing in this section prohibits persons who are not
members of the Chartered Professional Accountants of Alberta
from preparing the financial statement or comparative financial
statement referred to in subsection (1).
(5) Repealed 2020 c25 s2(62).
RSA 2000 cC-21 s136;2020 c25 s2(62)
137 to 144 Repealed 2020 c25 s2(63).