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Annual report

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An annual report is a document which a company presents to its Annual General Meeting for approval by its shareholders. The report normally includes a profit and loss account and balance sheet, as well as a directors' report and an auditor's report. In the case of larger companies, it is usually a sleek, colorful, high gloss publication.

The details provided in the report are of use to investors in gaining an understanding of the company's financial position and future direction.

In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission.

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