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In this video, the speaker discusses the "back end" of the annual report, focusing on the notes to the financial statements and other miscellaneous information. The annual report includes several components: a management discussion about the business and finances, an auditor's report confirming the reliability of the financial statements, and the financial statements themselves, which present numerical data such as cash and revenue figures. While these statements provide critical information about the company's financial position, they primarily consist of accounts and numbers, which require an understanding of the company's business for proper interpretation.