A report prepared by a limited company at the end of its financial year to explain to the shareholders the company's performance over the year. The annual report may contain, among other things, the:
Notes to the accounts.
Corporate governance statement.
(For listed companies) directors' remuneration report.
The term annual report is often used in relation to listed companies where it refers to the directors' report required by section 415 of the Companies Act 2006).
For further details, see Checklist: annual reports and accounts: quoted companies ( www.practicallaw.com/2-385-0501) .