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Annual report |
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Annual reportAll quoted companies have a legal obligation to send shareholders annual results within six months of their financial year-end. The Reports and Accounts have to include an annual report and a set of accounts, and the information in each has to include certain elements. They also have to send out interim results.Reports and Accounts typically contain five sections that offer hard information:the directors' reportthe profit and loss accountthe balance sheetthe cash flow statementthe auditors reportThe Directors' ReportThis tells what the company does, who its directors are, and what their stake in the company is. It also states whether there have been any significant business or financial developments during the year, and provides a brief review of the year's trading.Profit and Loss AccountThis summarises the result of last year's trading in figures. It tells what the company sold, what its costs were, how much profit it made, what the tax charge was, what was left for shareholders, and how much of this is being paid out to them in dividends and how much ploughed back into the company. It also gives comparable figures for the previous year.Balance SheetThis provides a snapshot of everything the company owes and owns at the end of the financial year in question. It tells what its assets are and how they are financed. Where the profit & loss account tells you how the company has performed in the previous year, the balance sheet reveals its fundamental health.Cash Flow StatementThis compares the amount of cash coming into the company from trading profits, investment, more efficient debt collection and so on, with the amount flowing out from trading losses, tax and dividends. Then it adds or subtracts the cash produced by capital raising or spent on capital repayment.Auditors' ReportThis tells you whether the accounts prepared by management reflect a true and fair view of affairs and meet the legal and regulatory requirements.Similar MatchesAnnual Percentage Rate (apr)Annual Percentage Rate (apr)The yearly interest percentage of a loan, as expressed by the actual rate of interest paid. For example: 6% add-on interest would be much more than 6% simple interest, even though both would say 6%. The A.P.R. is disclosed as a requirement of federal truth in lending statutes and should include all finance charges. Annual bonusAnnual bonusA bonus paid annually on an endowment mortgage which is dependent on the performance of the investment fund you are using to repay your mortgage. Annual renewable term insuranceAnnual renewable term insuranceSee: Term insurance. Annualized gainAnnualized gainIf stock X appreciates 1.5% in one month, the annualized gain for that stock over a twelve month period is 121.5% = 18%. Compounded over the 12 month period, the gain is (1.015)^12 -1 = 19.6%. Annual rate of returnAnnual rate of returnThere are many ways of calculating the annual rate of return. If the rate of return is calculated on a monthly basis, we sometimes multiply this by 12 to express an annual rate of return. This is often called the annual percentage rate (APR). The annual percentage yield (APY), includes the effect of compounding interest. Further SuggestionsAnnualized holding period returnCompound Annual Growth Rate Annual basis annual exemption Compound Annual Return Annual percentage rate (APR) annual equivalent rate annual return Annual percentage yield (APY) annual bonus annual percentage rate Equivalent annual cost Stated annual interest rate Equivalent annual benefit annual general meeting Annual effective yield Annualised payment scheme Nominal annual rate Effective annual interest rate Annual mortgagor statement Annualizing Equivalent annual annuity Annual exclusion Effective annual yield Bonds Enabling Annual Retirement Savings (BEARS) |
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