Audited document published at the end of each financial year by companies and made available to their shareholders, containing statements on the company’s performance and activities for the preceding fiscal year..
At the end of each fiscal year, companies and mutual funds issue their annual reports. These contain detailed information on the operations and financial picture for the company during the past year, both in text and graphic form.
Normally, all annual reports contain:
The legislation for such reports was passed after the 1929 US market crash, making annual financial reporting mandatory. Companies listed on stock exchanges are required to submit reports with higher frequency; these are, however, unaudited in most cases.
The annual report is one of the most comprehensive information sources that exist on a company’s situation..
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