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Interim financial statements

Accounts for part of a year — a quarter or a half-year. Prepared under reduced requirements and usually not fully audited.

How to read the number

Buys freshness at the cost of rigour: some estimates in it are provisional and get refined in the annual accounts.

When the metric lies

Interim figures are revised after the fact more often than annual ones. A conclusion built on a single quarter may not survive the full-year report.

Also known as: quarterly report

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