Definition
Presentation of a firm's audited accounts for the preceding year, as required in corporate legislation. In addition to the auditor's report, an annual report commonly includes (1) management's review of the operations of the firm and its future prospects, (2) balance sheet, (3) income statement (profit and loss account), (4) cash flow statement, and other supporting documents. Also called annual accounts.
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Ironic CEO Statement
These are excellent results. (Chris Gent, in Vodafone's annual report which included a record $19.8 billion loss) ... Read more
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