ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2012-2025

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It contains information about the entitys performance over the last 12 months. Annual reports are the primary performance reporting document, including financial statements and non-financial performance information.
Definition: Article 112 of the Constitution requires the government to present to Parliament a statement of estimated receipts and expenditure in respect of every financial year, from April 1 to March 31. This statement is called the annual financial statement.
While annual reports are primarily for public companies to communicate their performance and strategy to shareholders, annual returns are a mandatory requirement for all registered companies to maintain accurate records with the SSM.
An annual financial statement contains a list of the companys assets and liabilities. That section is called the balance sheet. Assets can be anything ranging from cash and cash equivalents to property and intellectual properties, such as patents.
Purpose of annual reports Annual reports serve to inform the Parliament (through the responsible Minister), other stakeholders, educational and research institutions, the media and the general public about the performance of companies in relation to activities taken.
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The four primary types of financial statements are: balance sheet, income statement, cash flow statement, and statement of shareholders equity.

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