Annual report(redirected from Semiannual statement)
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By law, each publicly held corporation must provide its shareholders with an annual report showing its income and balance sheet.
In most cases, it contains not only financial details but also a message from the chairman, a description of the company's operations, and an overview of its achievements.
Most annual reports are glossy affairs that also serve as marketing pieces. Copies are generally available from the company's investor relations office, and annual reports may even appear on the company's website. The company's 10-K report is a more comprehensive look at its finances.