An annual report is a statement prepared by a publicly traded company and distributed to employees, customers, shareholders, and the general community. The contents of an annual report provide information about how well the business is doing financially, upcoming changes projected for the next year, and the management staff of the company. Concerned parties, such as shareholders, can use this information to make important decisions. The main role of annual reports is to provide useful information to shareholders and other stakeholders about the financial position and performance of the business as well as its future prospects to help them make decisions.
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