annual reporting

Annual reporting is a comprehensive document that companies prepare each year to share their financial performance and activities with stakeholders, such as investors, regulators, and the public. It typically includes financial statements, like the income statement and balance sheet, as well as management discussions, notes on the company's operations, and future plans. The purpose is to provide transparency, demonstrate accountability, and help stakeholders assess the company's health, profitability, and growth prospects. Essentially, it’s a yearly snapshot of a company’s financial and operational status, fostering trust and informed decision-making.