An annual report provides general corporate information, operating and financial highlights, and audited financial statements. It is different than a 10-K filing. The client provides all copy and numbers in Word format. They want the Word document aesthetically formatted into a 12-16 page booklet using InDesign for $50 per hour or a one-time fee.
An annual report has audited financial statements:
- balance sheet
- income statement
- statement of cash flows
- explanatory notes
The financial highlights section summarizes key metrics like revenue and net income in a chart. Put the most important information first.
Brainstorm content and outline before compiling information and laying out visuals. After drafting the report, review, edit and distribute. It describes operations, performance and disclosures over the past year to internal and external stakeholders.
There are legal requirements to file reports and penalties for late submissions. Annual fees are tax deductible. The report lists director and officer compensation. It communicates performance to stakeholders at the annual meeting. Formats vary but have common elements like chairman and auditor communications, vision and mission statements, and management analysis.