Annual report provides with comprehensive details on activities of company throughout the preceding year. These reports are prepared to draft information about company’s activities and financial performance. Annual report can be written following the format of any Annual Report Template. Annual reports are basically made to offer to shareholders and other interested people. Typical annual reports include:
- Report of Chairperson
- CEO’s Report
- Auditor’s Report on Corporate Governance
- Mission Statement
- Corporate Governance Statement of Compliance
- Statement of Director’s Responsibilities
- Invitations to the company’s AGM
Some considerations that must be took into account while writing an annual report and will prove helpful while writing your report:
- First part of your annual report should state achievements of your business. Your annual report should show your achievements to your stakeholders, employees or supporters of agency or company in order to make them sure that they are supporting a worthwhile organization. You should look back at goals set in previous report in order to state which of these have been achieved. Stating three to five accomplishments will be enough and will also avoid excessiveness of details in your document.
- Investment parties that invest in your business always want to know how their money is being used as well as financial state of your company. Way of sharing this information is known as financial statement. You should share your financial statement with these people in order to give them a clear idea about financial condition of your company. Pay attention toward making financial statement complete. You can use charts and graphs by adding appeal to report and can provide information of interest to shareholders.
- You should include pictures and profiles of every employee at every level in your report. In case of running a small organization, you can add thumbnail photograph along with brief sketch of each employee including employee’s name, employee’s position and length of time with organization.
- Your annual report cannot be considered a proper venue to inform investors about upcoming plans and goals of business. Don’t put such details in annual plan; mention these details in business plan or some similar kind of report. You should take into account and try to focus about details of just past year.
- Try to transmit your annual report at same time each year. This attribute will ensure your stability and responsibility in front of interested party.