An Annual Report is a compilation of your company\u2019s financial year, its results and all the accompanying details.<\/p>\n
First things first, you should have the accounts for the reporting period ready. Do note that it\u2019s not just the balance sheet and income statement, but also:<\/p>\n
Now, when the accounts are ready, all numerical movement presented, it\u2019s time to write up all the additional information required to be disclosed \u2013 interest rates, due dates, additional conditions with agreements and everything else that\u2019s not obvious from numbers, but also information to explain the numbers.<\/p>\n
Start off with the balance sheet and line by line think if there\u2019s anything extra that needs to be disclosed. For an example let\u2019s take \u201ccash and cash equivalents\u201d. It\u2019s the cash balances, bank accounts etc., but it\u2019s also the interest rates in case you\u2019ve got deposits. While the deposit balance is included within the detailed table, the interest rate is something that you need to look either from the agreement or ask from the bank. And you continue from there to receivables, prepayments, inventory etc. Remember that you don\u2019t need extra information necessarily to every note, but just make sure you\u2019ve got the information ready if you do. And once you\u2019re done with the balance sheet move onto the income statement and so on.<\/p>\n