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Definition of

annual report

Corporate Governance

document reporting company's business performance a document prepared each year to give a true and fair view of a company's state of affairs.

Annual reports are issued to shareholders and filed at the Securities and Exchange Commission in accordance with the provisions of company legislation. Contents include a profit and loss account and balance sheet, a cash flow statement, auditor's report, directors' report, and, where a company has subsidiaries, the company's group accounts. The financial statements are the main purpose of the annual report, and usually include notes to the accounts. These amplify numerous points contained in the figures and are critical for anyone wishing to study the accounts in detail.

Related definitions of "annual report"

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Definitions of ’annual report’ and meaning of ’annual report’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’annual report’ and other financial terms with our online QFINANCE Financial Dictionary.

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