An annual report is a comprehensive report that publicly traded companies, nonprofit organizations, and government agencies provide to their stakeholders, typically on an annual basis. The report includes financial and other important information about the organization’s performance over the past year.
An annual report typically includes financial statements, including a balance sheet, income statement, and cash flow statement, as well as notes to the financial statements that provide additional detail about the organization’s financial performance.
Financial information, annual reports often include a message from the CEO or other key executives, a summary of the organization’s operations and achievements over the past year, information about significant events or developments, and information about plans and future goals of the organization.
Annual reports are generally distributed to shareholders, employees, customers, suppliers, and other interested parties to keep them informed about the financial health and overall performance of the organization.