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]