From Longman Business Dictionaryfinancial statementˌfinancial ˈstatementACCOUNTINGFINANCE1a statement showing the financial state of a business, at the end of a particular period of time, including its BALANCE SHEET, PROFIT AND LOSS ACCOUNT, and other necessary informationThe annual financial statement showed that operating profits slipped from £27.9 million to £26.5 million.The company hasn’t filed (=sent to the authorities) its financial statement for its fiscal year ended March 31.the consortium’s consolidated financial statement (=one showing the results of a group of companies)2another name for SOURCE AND APPLICATION OF FUNDS STATEMENT → statement
