Annual Report

Posted in Finance, Accounting and Economics Terms, Total Reads: 1162

Definition: Annual Report

An annual report is a report of a company’s performance throughout the year. The report is not only restricted to the financial performance and includes all aspects such as operations etc. which would be of concern to the stakeholders.

The report is published and sent to all the stakeholders for them to reflect on the firm’s current year’s performance and also to form a perspective on its future performance.

A typical annual report generally has the following sections:

  • Chairman/MD’s Report
  • Management Discussion & Analysis
  • Statement on Corporate Governance
  • Auditor’s report
  • Financial Statements
  • Notes to Financial Statements
  • Accounting Policies
  • Note on Operations

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