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hi my name is Jason Wei lets move on to clip one now every listed company must produce an annual report and this is the only document verified by external Auditors it contains more information than what you normally get from interim statements what Im about to share with you can be used also in better understanding the interim statements as well lets take sgx 2009 annual report as an example we shall focus on three sections of the annual report first the introductory Pages we have the Chairmans statement the CEOs message and sometimes but not always the operational updates from various division heads then theres the corporate governance section which can range from half a page to well over 20 pages and the third and final section will go through the financial statements which we will discuss in more detail in the following Clips these clips go hand inand with the guides which can be downloaded on this page the guides will give you a good Head Start in understanding the core issue