Reporting Combine's up-to-date software applications allow the financial reporting system to be tailored to a client's needs. This is especially important where a client's corporate status or local legal requirements require a customized format of reporting. The following reports are standard. A monthly operation report covering all aspects of the vessel's management. It includes vessels' movements, chartering information, off-hires (if any) and all significant events of the month. Running cost schedule, in comparison to the budget, allows comparison of the cumulative operating costs of the vessel with the agreed budget. Variances with the budget are explained and experience shows that such variances invariably fall within 5%. A monthly cash position statement is prepared and cash-flow forecast analysis is attached to this. A Profit and Loss Statement is supplied as well as a balance sheet depending on the part of the operation of the vessel(s) that Combine is responsible for. Yearly financial statements are also produced. We normally arrange to have these statements audited by Internationally recognized professional accountants.