Corporate Compliance and Financial Profile (CCFP) is a PDF report that provides an overview of the entity’s compliance record and financial health.
A CCFP report can be used to:
- Find out whether the entity makes prompt disclosures, adheres to statutory requirements and has a good compliance record;
- Check the business and financial health of the entity;
- Get the Audit and Directors' Opinion of the entity as extracted from the filed financial accounts.
Product sample:
Corporate Compliance and Financial Profile (CCFP) [view sample](PDF, 174KB)]
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Information provided in the CCFP includes:
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Description
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Business Profile
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This provides general information on the company such as:
- Name of company and incorporation date
- Principal activities and working addresses
- Capital details such as issued and paid-up share capital
- Particulars of officers, shareholders, liquidators and audit firm
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Compliance Profile
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This shows if a company adheres to statutory requirements in the Companies Act. These include:
- Timely holding of AGMs
- Laying of up-to-date financial statement at AGMs
- Timely filing of ARs
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Financial Profile
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This shows the key highlights of a business’ financial statements, such as:
- Balance Sheet
- Profit & Loss
- Cashflow statement
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Financial Ratios
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This indicates the financial health of a company in terms of:
- Liquidity
- Profitability
- Operating Efficiency
- Solvency
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Audit and Directors' Opinion
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This provides the opinion of the auditor on the financial statements, and whether the Directors see the accounts drawn up to be accurate.
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Explanations of data fields in the CCFP:
Financial Figures/Ratios
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Category
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Formulae
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Significance
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EBIT (Earnings Before Interest and Tax)
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Financial Figure
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Profit (loss) from Continuing Operations, net of tax + Income tax expense + Finance costs
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Current Ratio (Times)
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Financial Ratio (Liquidity)
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Current assets / current Liabilities
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This measures the ability of a company in meeting short-term financial obligations.
E.g. a ratio of 1.00 means that for every $1 of current liabilities owed by the company, it has $1 of current assets that can be converted into cash to pay off the liabilities.
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Operating Profit Margin (%)
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Financial Ratio (Profitability)
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[(Profit (loss), net of tax + Income tax expense + Finance costs) / Revenue] x 100
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This measures the operating performance of the company, expressed as the percentage of operating profit out of revenue.
E.g. an operating margin of 36% means that for every $100 of revenue earned, the company generates a profit of $36 before interest and tax.
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Net Profit Margin (%)
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[Profit (loss), net of tax / Revenue] x 100
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This indicates the portion of sales after deducting all costs and expenses. E.g. a ratio of 7% means that for every $100 of sale, there is $7 available for distribution.
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Return on Assets (%)
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[(Profit (loss), net of tax + Income tax expense + Finance costs)/ Total assets] x 100
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This measures how effectively the company uses its resources, in generating profit.
E.g. a ratio of 25% means that, for every $100 in assets, the company generates a profit of $25 before interest and tax for owners and creditors.
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Return on Equity (%)
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[Profit (loss), net of tax / Total equity] x 100
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This measures the profitability of capital invested in the company by the owners.
E.g. a ratio of 30% means that for every $100 invested, the company yields a profit of $30 for the owners.
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Total Liabilities to Equity (Times)
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Financial Ratio (Solvency)
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Total liabilities / Total equity
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This measures the extent to which the company is leveraged.
A higher ratio indicates that the company is more dependent on debt to finance its operations.
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Total Assets Turnover (Times)
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Financial Ratio (Operating)
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Revenue / Total assets
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This measures the company's efficiency in using its assets to generate sales or revenue.
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Interest Cover Ratio (Times)
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(Profit (loss), net of tax + Income tax expense + Finance costs) / Finance costs
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This measures a company’s ability to pay interest on its outstanding debt.
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Definitions of Audit Opinions
| Types of Audit Opinion |
Explanation
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Unqualified Opinion
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The auditor concludes that the financial statements give a true and fair view or are presented fairly, in all material respects, in accordance with the applicable financial reporting framework.
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Emphasis of Matter (EOM)
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This is to "highlight a matter affecting the financial statements which is included in a note to the financial statements that more extensively discusses the matter. The addition of such an emphasis of matter paragraph does not affect the auditor's opinion.”
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Qualified Opinion*
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The auditor concludes that an unqualified opinion cannot be expressed but that the effect of any disagreement with management, or limitation on scope is not so material and pervasive as to require an adverse opinion or a disclaimer of opinion.
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Disclaimer of Opinion*
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This is expressed when the "possible effect of a limitation on scope is so material and pervasive that the auditor has not been able to obtain sufficient appropriate audit evidence and accordingly is unable to express an opinion on the financial statements."
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Adverse Opinion*
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This is expressed when the "effect of a disagreement is so material and pervasive to the financial statements that the auditor concludes that a qualification of the report is not adequate to disclose the misleading or incomplete nature of the financial statements.”
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*Definitions according to SSA 700 “The Independent Auditor’s Report on a Complete Set of General Purpose Financial Statements” and SSA701 “Modifications to the Independent Auditor’s Report”.
The CCFP for a selected entity may not be available for the following reasons:
- The entity is a gazetted / de-gazetted company;
- The entity has not filed their financial statements / accounts with ACRA in the recent two to three years;
- The entity’s financial statements / accounts are not filed in XBRL format (e.g. filing of PDF accounts only);
- The entity’ assets and liabilities are presented in order of liquidity, instead of current / non-current classification;
- The entity is exempt from audit requirements;
- Invalid computation results.
How to buy:
A Corporate Compliance and Financial Profile costs $50.00.
To purchase the product:
Upon successful payment, an email on the guide for product download will be sent to you within 15 minutes.
Alternatively, if the purchase is done via Singpass, you can login at ACRA BizFile+ portal, click on Messages to access the above same email message.
Download for purchased product will expire 7 days from date of purchase, no further extension can be made.