UK Accounting Glossary
A document produced each year by limited liability companies containing the accounting information required by law. Larger companies also provide information and pictures of the activities of the company.
Annual reports are formal financial statements that are published yearly and sent to company stockholders and various other interested parties.
An annual report is a comprehensive report on a company’s activities throughout the preceding year.
An annual report is a document that the SEC requires all publicly-traded companies to provide to shareholders each fiscal year. The annual report contains a balance sheet, income statements, and a detailed description of the company’s business operations. The annual report also contains projections for the company’s future performance. A company must make its annual report available to interested parties. Very often an annual report is a very colorful, glossy brochure, but an annual report also refers to the required form 10-K. Form 10-K contains more detailed financial information than most annual reports. The form 10-K portion of a publicly-traded company’s annual report is available for free on the SEC’s website. A company’s annual report is often used to help make decisions about whether or not to invest in a company.
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This glossary post was last updated: 23rd December 2018.