Annual Reporting
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Annual reporting professional compilation service
The annual reporting process culminates in the formal publication of a company’s financial and operational processes and objectives within a financial year. These reports form a crucial part in providing insight to parties who may be interested in the company’s performance, such parties include shareholders and stakeholders, as well as the media.
A company’s annual report should comply to statutory and regulatory requirements and as its intent is to offer a public disclosure of a company’s operations, the information needs to be presented in a concise and clear manner.
The Hexgon West has extensive experience in the compilation of reports for companies of various sizes. If you require professional assistance to ensure that your report is compliant and contains all the required data, you are welcome to contact us for assistance.
What is the purpose of an annual report?
An annual report exists to give interested parties insight into a business’ financial and operational processes. Typically, this report would be made available to a company’s shareholders and stakeholders within a stipulated timeframe, enabling them to evaluate the company’s performance.
Besides meeting legal requirements, an annual report exists to “sell” your company to those who may not yet have an idea who you are or what you do. In your business report, you have the chance to tell interested parties who your business is, what it is that you offer, why you are successful and why they should pay attention to your brand. With a well-planned and structured report, you can elevate your brand and grow your company through inviting investment interest from prospective new shareholders.
Typically, the information contained in a company’s annual report will enable stakeholders to assess:
- Your company’s financial position
- Your ability to service debt
- Whether you made a profit or loss in the previous financial year
- Whether your company is growing
- How much of your earnings are used to further grow business operations
What does an annual report typically contain?
To comply with reporting standards and regulations, a company’s annual report should contain the following:
- General company information
- Operational and financial highlights
- A personalised letter to the company’s shareholders (from the CEO)
- Financial statements
- A list of the company’s directors and executive officers
- Notes explaining the financial statements and accounting methods
- Auditor’s report
- A concise summary of the company’s financial data
- Management discussions and analysis (MD&A)
