Management Report

Management Report – the detailed report by management that complements the annual financial statements of medium-sized and large corporations according to § 289 HGB, provides investors, creditors, and other stakeholders with a holistic overview of the business development, economic situation, and future opportunities of the company. The focus of the management report is on key figures related to earnings, financial, and asset positions, detailed risk and forecast reports, research and development activities, as well as information on internal control and risk management systems. Although the report is not part of the annual financial statements, it is subject to statutory disclosure requirements: along with the balance sheet, profit and loss statement, and notes, the management report is electronically submitted to the Federal Gazette and published there. Auditors not only review the correctness of the annual financial statements but also confirm the substantive consistency (consistency check) between the management report and the financial data. Small GmbHs are exempt from the reporting obligation, while sole traders and partnerships are only required to submit a management report in exceptional cases, such as in the event of business leasing.

Management reports can be accessed via the handelsregister.ai API as part of the annual financial statements filed with the Federal Gazette. They provide qualitative insights into business development, risk situation, and future forecasts, complementing balance sheet and income statement figures, and enabling deeper corporate, credit, and competitive analyses.