What is an Annual Report?
Registered companies are by law required to publish annual reports every year to disclose the company’s activities throughout the preceding year. The comprehensive report includes information that can be of use to any and all stakeholder. It mainly comprises of:
- Chairman's report
- CEO's report
- Auditor's report on corporate governance
- Mission statement
- Corporate governance statement of compliance
- Statement of directors' responsibilities
- Invitation to the company's AGM
- Auditor's report on the financial statements
- Balance sheet
- Statement of retained earnings
- Income statement
- Cash flow statement
- Notes to the financial statements
- Accounting policies
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