The Register of Financial Statements is a public database in which accounting entities file their financial statements, including the balance sheet and the profit and loss statement. For companies, it is the most accessible source of information on a business partner's financial situation – it can be used to read off revenue trends, financial results, indebtedness, and whether the company is trading at all. The data are published with a delay, usually several months after the end of the accounting period, which should be taken into account when assessing them. The register is also used when applications for support are assessed to determine whether an undertaking is in difficulty, and fulfilment of this obligation is also used to verify the applicant itself – a financial statement that has not been filed is often grounds for the application to be excluded.
See also: Undertaking in difficulty, Business Register of the Slovak Republic, Applicant eligibility.
