A publicly listed company publishes its annual report on an annual basis. A section of the annual reports has financial statements of the firm. These financial statements serve different purposes and there are many stakeholders who make use of these financial statements. The basic aim of financial statements is to analyze the performance of a company over the past financial year. Financial statements also help to understand the current position of the company. There are three main financial statements which can be used to analyze the company performance. These can be enlisted as Cash flow statements, P&L statements and Balance sheet. All these three financial statements serve different purposes and give different information but are interlinked to each other.