Company's Performance based on annual reports

Introduction
An annual report is the document a public corporation must provide annually to all its shareholders. It describes the operational and financial condition of a company. The report comprises the company’s activities over the past year and may also predict about the future conditions. Annual reports can evaluate a company’s financial position, performance, and possibly understand its plans.

What’s Included
An Annual Report became a mandatory requirement for a public company after the Stock Market Crash in 1929. After that event the standardized corporate financial reporting was mandated by the lawmakers. The report is typically issued to shareholders and stakeholders who use it to evaluate the company’s performance and have transparency to make investment decisions.