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Annual Reports |
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Annual Reports serve the function of fulfilling the corporate requirement of presenting a firm's audited accounts for the preceding year. An Annual Report is also a comprehensive review of a company's activities throughout the preceding year, intended to give shareholders and other interested persons information about the company's success in the marketplace as evidenced through its financial performance. Typically annual reports will include: |
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• Chairman's report • CEO's report • Auditor's report on corporate governance • Mission statement • Corporate governance statement of compliance • Statement of directors' responsibilities • Auditor's report on the financial statements • Balance sheet • Statement of retained earnings • Income statement • Cash flow statement • Notes to the financial statements • Accounting policies |
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| While annual reports have historically been produced as expensively printed volumes intended to impress readers for the purpose of sales, investment or donation, in more recent years, this trend has become much more subdued particularly during a depressed economic climate. | |||||||
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