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reporting
reporting
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.
The MMS Group 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.
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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.
- 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
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What does an annual report typically contain?
- 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)
The report may also contain informative charts and graphs to break down and simplify complicated financial information.
In addition to providing information on your company’s financial and operational position, the report can also be used to promote your company. An overall theme could be used to create cohesion and make your report more attractive. Furthermore, you could include positive stories on company milestones, employees’ feedback, client testimonials, etc., to appeal to new investors and clients whilst aiming to increase your readership.
Overall, the financial information and the corporate message contained within its annual reporting are the two most important aspects for any company – large and small. Financial information can be difficult to understand, especially if the audience is not familiar with the company’s financial status and background. Therefore, attention should be paid to the message and how information is provided – and explained – to the reader. Creative designs and visuals are encouraged to make the report more legible and attractive.
The challenge lies in constructing the report in a way that is both attractive and informative, and in line with compliance and regulatory standards. Over the years, MMS has worked with several companies in a diverse range of industries, assisting with their company’s annual reporting requirements, aligned with their industry and preferred style.
To find out more about how we can assist with your company’s reporting requirements, please feel free to contact us via phone or email.
To find out more about how we can assist with your company’s reporting requirements, please feel free to contact us via phone or email.