Frequently Asked Questions

Financial Reporting

1. How current do the financial statements contained in the AIM Admission Document need to be?

The financial statements contained in an AIM Admission Document must be no more than nine months old.

2. Do the financial statements in connection with a London AIM IPO need to comply with International Financial Reporting Standards (IFRS)?

It depends upon where the London AIM-listed company is domiciled.  If the London AIM-listed company is domiciled in a European Economic Area country, which includes the UK, IFRS is required.  London AIM-listed companies domiciled elsewhere can use U.S., Canadian or Japanese GAAP or Australian IFRS.

3. Do the financial statements in connection with a London AIM IPO need to be reported in Pound Sterling?

No.  Irrespective of where the London AIM-listed company is domiciled, the financial statements can be denominated in any stable currency.  Common practice is for London AIM-listed companies to report in their main functional currency.