what is an annual report?
- fastfrank7Lv 51 decade agoFavorite Answer
An annual report is a document a company presents at an annual general meeting for approval by its shareholders, or a charitable organization presents its trustees. The report is made up of reports, which may include the following:
Auditor's report on corporate governance
Corporate governance statement of compliance
Statement of directors' responsibilities
Invitation to the company's AGM
as well as financial statements including:
Auditor's report on the financial statements
Statement of retained earnings
Cash flow statement
Notes to the financial statements
Other information deemed relevant to stakeholders may be included, such as a report on operations for manufacturing firms. In the case of larger companies, it is usually a sleek, colorful, high gloss publication.
The details provided in the report are of use to investors to understand the company's financial position and future direction. The financial statements are usually compiled in compliance with IFRSs and/or the domestic GAAP, as well as domestic legislation (e.g. the SOX in the U.S.).
In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission.Source(s): http://en.wikipedia.org/wiki/Annual_report
- JägerLv 41 decade ago
An annual report is a report in which you receive once per year.