ANNUAL REPORT
annual report.A yearly corporate financial report for shareholders and other interested parties.
• The Securities Exchange Act of 1934 requires registered corporations to file an annual report on
the SEC’s Form 10-K. An annual report includes a balance sheet, income statement, statement of
changes in financial position, reconciliation of changes in owners’ equity accounts, a summary of
significant accounting principles, other explanatory notes, the auditor’s report, and comments from
management about prospects for the coming year. — Also termed annual statement; financial
report. [Blacks Law 8th]