2.20 What is the effect on the financial statements of the selection that the entity is a DORMANT company?

The following sections will be affected on selecting that the entity is a DORMANT company:
The following sections are skipped
Independent auditor's report
Statement of profit or loss and other comprehensive income
Statement of changes in equity
Cash flow statement
Additional information to the Statement of profit or loss and other comprehensive income
All references to ‘Dividends’
Letter of representations
Minutes of the AGM
Report of the Board of Directors
Reference is made in the principal activities that the company is dormant
The following parts are skipped:
Review of current position, future developments and significant risks
Dividends
Independent Auditor
Accounting policies
The following are skipped by default:
Revenue recognition
Impairment of assets
Notes to the financial statements
The following are skipped by default:
Financial risk management
Expenses by nature
Tax
Directors’ letter to the Registrar of Companies
This additional letter is prepared confirming that the Company is a small sized company