While annual reports invite readers on a journey through the company's successes and challenges, financial statements lay bare the financial metrics, catering to investors and analysts who seek data-driven insights.
Summary.
Annual reports are comprehensive documents designed to provide readers with information about a company's performance in the preceding year.
The reports contain information, such as performance highlights, a letter from the CEO, financial information, and objectives and goals for future years.
Annual reports typically include financial statements, statements from the CEO and Board Chair, and key activities and accomplishments.
Generally, annual reports are intended to offer a transparent view of an organisation's activities over the course of a financial year.