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In this video, the speaker discusses the "back end" of the annual report, focusing specifically on the items that follow the financial statements, particularly the notes and additional information. The notes to the financial statements provide crucial insights beyond just numbers, which include management's commentary on business and financial performance and the auditor's assessment of the financial statements' reliability. The financial statements themselves contain key figures, such as cash and revenue, which are essential for understanding the company's financial health. Knowing the business context allows for better interpretation of these accounts.