Annual reports are a crucial part of a company’s communication with its stakeholders. They provide detailed information about the company’s performance, financial status, and future plans. In this article, we will explore the definition, origin, meaning, associations, synonyms, antonyms, and examples of annual reports.
Definitions
An annual report is a comprehensive document that publicly traded companies must file with the Securities and Exchange Commission (SEC) every year. It contains financial statements, management’s discussion and analysis of the company’s results, and other information that is relevant to investors.
According to Investopedia, an annual report is a “yearly publication that public corporations provide to shareholders to describe the company’s operations and financial condition.”
Origin
The origin of annual reports can be traced back to the late 19th century when companies in the United States began to issue them to their shareholders. The reports were initially simple documents that provided basic financial information. However, over time, they evolved into more complex documents that included detailed analysis of the company’s performance, strategic plans, and other relevant information.
Meaning in different dictionaries
According to the Merriam-Webster dictionary, an annual report is “a report that is published every year by a company, charity, or other organization, giving information about its activities and financial performance.”
The Oxford English Dictionary defines an annual report as “a report prepared by a company or other organization, giving an account of its activities and financial performance over the previous year.”
Associations
Annual reports are associated with transparency, accountability, and good corporate governance. They are an essential tool for shareholders, investors, and other stakeholders to evaluate a company’s financial health and performance.
Synonyms
Some synonyms of annual reports include:
- Yearly report.
- Annual statement.
- Financial report.
- Annual financial report.
- Annual review.
Antonyms
There are no direct antonyms of annual reports. However, some terms that are opposite in meaning to the concept of an annual report include:
- Non-disclosure.
- Secrecy.
- Lack of transparency.
The same root words
Some words that share the same root words as annual reports include:
- Annually.
- Annuitant.
- Annulment.
- Annunciation.
Example Sentences
- The company’s annual report showed a significant increase in revenue compared to the previous year.
- Shareholders eagerly awaited the release of the annual report to assess the company’s financial health.
- The CEO presented the highlights of the annual report during the company’s annual general meeting.
- The annual report included a detailed analysis of the company’s strategic plans for the upcoming year.
- The company’s annual report received positive feedback from investors and analysts.