110 (1) A public company shall send to each shareholder a copy of a comparative interim financial statement for the six-month period that commenced on the date of incorporation or, if the company has completed a financial year, for the six-month period that commenced immediately after the end of the last completed financial year and for the comparable six-month period, if any, in the twelve months immediately preceding the commencement of the six-month period in respect of which such interim financial statement is issued, made up of, (a)  a statement of source and application of funds for each period that complies with section 100; and (b)  sufficient relevant financial information in summary form to present fairly the results of the operations of the company for each period, including, (i)  a statement of sales or gross operating revenue, (ii)  extraordinary items of income or expense, (iii)  net income before taxes on income imposed by any taxing authority, (iv)  taxes on income imposed by any taxing authority, and (v)  net profit or loss. R.S.O. 1990, c. C.38, s. 110 (1). Idem (2) The interim financial statement required by subsection (1) may omit either or both of, (a)  the information relating to the comparable period; and (b)  the statement of source and application of funds, if the reason for the omission or omissions, as the case may be, is set out in the interim financial statement or by way of note thereto. R.S.O. 1990, c. C.38, s. 110 (2). Idem (3) There shall be stated by way of note to the interim financial statement required by subsection (1) particulars of any change in accounting principle or practice or in the method of applying any accounting principle or practice made during the period covered that affects the comparability of such statement with the statement for the preceding period or with the interim financial statement for a part of the preceding period, and the effect, if material, of any such change upon the profit or loss for the period covered by the interim financial statement. R.S.O. 1990, c. C.38, s. 110 (3). Idem (4) For the purpose of subsection (3), a change in accounting principle or practice or in the method of applying any accounting principle or practice affects the comparability of a statement with that for the preceding period or part thereof, even though it did not have a material effect upon the profit or loss for the period covered by the interim financial statement. R.S.O. 1990, c. C.38, s. 110 (4). Idem (5) The interim financial statement required by subsection (1) shall be sent to each shareholder, within sixty days of the date to which it is made up, at the shareholder’s last address as shown on the books of the company. R.S.O. 1990, c. C.38, s. 110 (5); 2023, c. 9, Sched. 9, s. 9. Offence (6) A company that fails to comply with this section is guilty of an offence and on conviction is liable to a fine of not more than $1,000, and every director or officer of the company who authorized, permitted or acquiesced in any such failure is guilty of an offence and on conviction is liable to a like fine. R.S.O. 1990, c. C.38, s. 110 (6). Section Amendments with date in force (d/m/y) 2023, c. 9, Sched. 9, s. 9 - 01/10/2023