evaluation prepared by companies at the end of the reporting year which might be either on a calendar or fiscal basis. Contained in the annual report are the company's financial statement including footnote, supplementary schedules, management's discussion and analysis of earnings, president's letter, audit report, and other explanatory data (e.g., research and marketing efforts) helpful in evaluating the entity's financial position and operating performance. The annual report is read by stockholders, potential investors, creditors, employees, regulatory bodies, and other interested financial statement users.
audited annual disclosure of performance to shareholders of a public corporation, as required by the Securities and Exchange Commission. It contains management's review of financial performance, the corporate income statement, balance sheet, as well as other schedules, such as flow of funds and changes in capital accounts. Also in the annual report is the auditor's letter, a statement containing the accountant's opinion.
formal financial statement issued yearly. The annual report of publicly owned corporations must comply with reporting requirements of the Securities and Exchange Commission, which include balance sheet, income statement, and cash-flow reports audited by an independent certified public accountant.
yearly record of a corporation's financial condition that must be distributed to shareholders under Securities and Exchange Commission regulations. Included in the report is a description of the company's operations as well as its balance sheet and income statement. The long version of the annual report with more detailed financial information-called the 10-K-is available upon request from the corporate secretary.
statement of the financial condition of the insurance company, as well as significant events during the year in which the company has been involved and/or that have affected the company. This statement is furnished to the stockholders (if a stock insurance company) or policyholders (if a mutual insurance company).
