(1) The financial statements referred to in section 155 of the Act shall include at least
(a) a statement of financial position or a balance sheet;
(b) a statement of comprehensive income or an income statement;
(c) a statement of changes in equity or a statement of retained earnings; and
(d) a statement of cash flows or a statement of changes in financial position.
(2) Financial statements need not be designated by the names set out in paragraphs (1)(a) to (d).