MANAGEMENT

Detailed explanation-1: -The report is typically issued to shareholders and other stakeholders who use it to evaluate the firm’s financial performance and to make investment decisions. Current and prospective investors, employees, creditors, analysts, and any other interested party will analyze a company using its annual report.

Detailed explanation-2: -The annual report to shareholders is a document used by most public companies to disclose corporate information to their shareholders.

Detailed explanation-3: -Public companies, as well as private companies, are required to provide annual reports for their shareholders and other stakeholders which can help them in their decision-making process by providing information about the financial performance of the company.

Detailed explanation-4: -An annual report letter to the shareholders, written by the owner or director of the company, which: Is easy to read while being informative.