ANNUAL REPORTS

PRESENTED BY-CHARUL JANGID

INTRODUCTION

An Annual report is a comprehensive report on a company's activities throughout the preceding year.

Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance.

IMPORTANCE

It gives an opportunity to take a step back and look at the overall practical and financial health of your business.

You can know how well the company is doing. You can find out whether the company is

making more money than it is spending.  You can get an idea of management’s

strategic plan for the coming year. 

CONTENTS

Directors and Management Annual general meeting Report of board of directors to members Management report Auditors report CAG report Financial statement Shareholder’s fund and policy holder’s fund details Significant accounting policies, notes and

disclosure Balance sheet abstract Segment reporting schedule

Directors and management: The director’s role is to represent and serve the

interests of shareholders by overseeing and appraising the Company’s strategy, policies and performance.

The Management Board are responsible for management decisions and operations across the Company's brands.

Annual general meeting: Gathering of the directors and stockholders of

every incorporated firm, required by law to be held each calendar year.

Report of board of directors to members: Board of directors issue a report quarterly, half

yearly and annually giving details about the companies, policies, programs, and formulating strategies about the company to members.

Management report: Management report is a statement made by

management and it is used to compare the actual results achieved with the budgeted forecast levels. This report helps the management to see where they went wrong and they apply other measures to improve the business.

Auditors report: An auditor's report provides an opinion of the

validity and reliability of a company or organization’s financial statements.

The goal of an auditor's report is ultimately to document reasonable assurance that a company’s financial statements are free from material error.

CAG report: CAG report shows all receipts and expenditure of

the government of India and the state government.

Financial statement: It is prepared to know profit or loss and also the

financial position of the business.

Shareholder’s fund and policy holder’s fund: Shareholder's funds are usually the shares in the

company, any share issue premium, retained profits and possibly other reserved that have been accumulated.

Policyholders funds represent customer deposits plus interest credited at contract rates.

Significant accounting policies, notes and disclosure:

The disclosure of some of the accounting policies followed in the preparation and presentation of the financial statements is required by law in some cases.

Balance sheet abstract: An abstract balance sheet is a kind of financial

statement that shows what the business is worth at one point in time. A standard company’s balance sheet has three parts, assets, liabilities and ownership equity or capital.

Segment reporting schedule: In an annual report, the purpose of business

segment reporting is to provide an accurate picture of a public company's performance to its shareholders. For upper management, business segment reporting is used to evaluate each segment's income, expenses, assets, liabilities and so on in order to assess profitability and riskiness.