Publication of financial statements of state-owned companies is a step to increase performance and productivity

Reza Nowrozian, in an interview with Fars news agency’s economic reporter, emphasized the necessity of transparent data on the performance of state-owned companies and stated: The existence of transparent information data helps the correct operation and brings decisions closer to the goals, since the time of the revolution until recently, when the subject of tax statements State companies have been operationalized, there was no public access to the financial statements of the companies, and in the reports there were only references to the performances, profits and losses.

He added: Fortunately, with the initiative and proposal of the Ministry of Economy, a clear picture of the performance of government companies is presented in the form of financial statements, and the profit and loss of the financial statements is published publicly in the form of a comparison with itself or other companies, or in the form of annual reports. and its use and review will be useful for public and economic companies and will bring decisions closer to reality.

The Deputy Director General of State Enterprise Affairs of the Ministry of Economy continued: It is important that the publication of the financial statements of state companies alone does not lead to an increase in productivity, but it can be said that the publication of the financial statements of state companies is the first and most important step of the government towards the transparency of the performance of these companies, which lays the groundwork. It will increase public awareness and allow for higher productivity. Therefore, the public release of financial statements is a big step that will create transparency and improve the performance and productivity of government companies.

He discussed the effect of increasing transparency on the productivity of state-owned companies and added: In the financial statements, the performance of the companies can be monitored in a macro view and the amount of income and expenses compared to before can be checked and a correct analysis of the weak and strong points can be obtained. Most of the information needed to calculate the productivity of state-owned companies can be extracted from the financial statements of the companies, while a series of performance information is also needed to calculate the productivity of the companies, which are not included in the financial statements and are available with the satisfaction of the performance reports.

Criticizing the ambiguities in the definition of company productivity, Noroozian said: the meaning of company productivity is used a lot in the literature of state companies recently, it is not clear and there is no precise definition in this regard, every year a forecasted plan and budget is provided to each company that moves It directs companies, so the definition of productivity should include different angles, but the release of information in the form of financial statements includes a major part of the basis and context of productivity, which is the primary feed of productivity.

He considered it necessary to prepare reports such as the book “Looking at the performance of state-owned companies” and added: “Printing and publishing the book means that the company is in a position of accountability and its priority is to cover possible weaknesses.” The book “Looking at the performance of state-owned companies” is the first book to be printed and published with this content, and we do not claim that it is perfect, but we believe it is a valuable collection for company building; What has been prepared and produced under the title of the book is the extraction of the most important headlines and financial figures of the companies in a comparative way, and the most messages are provided to the users through the headlines.

According to Fars, one of the most important issues in the field of economic policy is the existence of transparent data and a clear picture of the performance of important economic sectors.

One of these important economic sectors are state-owned companies. Until a year or two ago, access to the audited financial statements of state-owned companies was so difficult that even parliamentarians had no way to access this information except by directly following up with the ministers and heads of independent government organizations. The situation changed when the 13th government came into office, and the transparency of the performance of state-owned companies was put on the agenda through the public release of their financial statements, and this issue became one of the first promises of the Minister of Economic Affairs and Finance.

Also, in addition to the publication of financial statements in the Kodal system, there is a vacancy for reports that use financial statements to investigate the performance of these companies in recent years and also to compare them; It was also felt strongly. The preparation and publication of the book “Looking at the performance of state-owned companies” by the Office of State-owned Companies of the Ministry of Economic Affairs and Finance is an attempt to fill this gap and is a help for a better and simpler understanding of the plan of financial statements and to present a picture of the performance of state-owned companies that was recently published. has been

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