#No aim meaning full#
#No aim meaning code#

For the income statement and cash flow statement these comparatives are required to be for the corresponding period in the preceding financial year, while for the balance sheet they must be either as at the corresponding date in the preceding financial year or as at the last balance sheet date notified. The information contained in a half-yearly report must include at least a balance sheet, an income statement, a cash flow statement and must contain comparative figures for each of these. Half-yearly reportsĪIM Rule 18 requires that AIM companies prepare half-yearly reports within three months of the period end.

#No aim meaning full#

*Companies can meet this requirement by publishing the full annual report on their website.

#No aim meaning code#

The LSE has indicated that the UK Corporate Governance Code represents best practice for AIM companies and many larger AIM companies follow it another popular Code for AIM companies is the Quoted Company Alliance’s Corporate Governance Code for Small and Mid-Size Quoted Companies. This information should be reviewed annually and the website should include the date on which this information was last reviewed. where it departs from its chosen corporate governance code an explanation of the reasons for doing so.

how the AIM company complies with that code and.details of a recognised corporate governance code that the board of directors of the AIM company has decided to apply.Companies need to provide the following details on their website*: The AIM Rules require AIM companies to report on their application of a recognised corporate governance code. disclosure of certain related party transactions (which will almost certainly already be required by IAS 24 or similar requirements in other GAAPs) and disclosure of the remuneration earned by each director including (a) emoluments and compensation, including any cash or non-cash benefits received (b) share options and other long term incentive plan details, including information on all outstanding options and/or awards and (c) the value of any contributions paid by the AIM company to a pension scheme.An AIM company which is not incorporated in either in the UK or an EEA country must prepare and present these accounts in accordance with IFRS Accounting Standards, US GAAP, Canadian GAAP, Australian IFRS or Japanese GAAP. Company only accounts may be prepared under either IFRS Accounting Standards as applicable in the relevant jurisdiction (i.e. For companies incorporated in the EEA, consolidated accounts must be prepared under IFRS Accounting Standards as adopted by the EU ( For guidance on the UK's withdrawal from the European Union see our dedicated page).

Annual reportingĪIM Rule 19 requires that audited accounts are prepared within six months of the year end.įor companies incorporated in the UK, consolidated accounts must be prepared under IFRS Accounting Standards as adopted by the UK for periods commencing on or after 1 January 2021. The financial reporting rules for AIM companies are set out in the AIM Rules for Companies (link to London Stock Exchange website). Many of the matters which would be dealt with by the FCA’s primary market functions for a listed company are instead dealt with by the company’s Nominated Adviser (Nomad) who is responsible for confirming to the LSE that certain rules have been complied with. By contrast to the main market for listed companies, companies admitted to trading on AIM are regulated by the LSE rather than the FCA’s primary market functions. The Alternative Investment Market (AIM) (link to London Stock Exchange website) is the London Stock Exchange’s (LSE’s) international market for small and medium size growth companies.