The licence applicant must prepare and submit, by the date communicated by the licensor, annual financial statements for the reporting period ending in the year preceding the deadline for submission of the application to the licensor and preceding the deadline for submission of the list of licensing decisions to UEFA.
Annual financial statements, including comparative amounts for the prior period, must be prepared in accordance with International Financial Reporting Standards or national accounting standards (as applicable) and must include:
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a balance sheet as at the end of the reporting period;
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a profit and loss account/income statement for the reporting period;
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a cash flow statement for the reporting period;
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a statement of changes in equity over the reporting period;
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notes, comprising a summary of significant accounting policies and other explanatory notes; and
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a financial review by management.
The annual financial statements must be audited by an independent auditor in accordance with national legal framework.
If the annual financial statements do not meet the minimum disclosure requirements set out in Annex E, then the licence applicant must also submit to the licensor:
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supplementary information to meet the minimum disclosure requirements set out in Annex E; and
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an assessment report provided by the same auditor that signs the annual financial statements by way of agreed-upon procedures prescribed by the licensor to confirm the completeness and accuracy of the supplementary information.
When the women’s football teams and activities are part of the same legal entity/reporting perimeter as men’s football teams and activities, the licence applicant must identify the revenues and expenses linked to women’s football activities and prepare a profit and loss account in accordance with the requirements of Annex E.