Less than half of the one million German companies obliged to publish their annual report for 2010 has complied to do so yet. This shows an analysis of business information provider D&B Germany. Companies that have a duty to publish their financial statement need to do so electronically within 12 months after the end of the business year. For most companies, the due date was December 31, 2011 for the year 2010. The German Department of Justice can fine non-compliant companies with up to 25,000 € but has so far dispensed any penalties for goodwill as a large amount of reports will come in within the next 3 months, as experienced in recent years.

But lagging behind with publishing financial reports can also have a negative influx on a companys credit rating, warns D&B Germany. Up-to-date information on a companys financial status and long-term development are important factors in the scoring process.

The full press release is availabe in the German language press section.

Christian Noack
Manager Public Relations

D&B Deutschland GmbH
Havelstraße 9
64295 Darmstadt

T: +49 6151 1375 736
F: +49 6151 1375 99 736
M: +49 175 7237786
christian.noack@dnbgermany.de