An annual report is a publication provided to shareholders to describe the operations and financial
standing of a corporation. An annual report will typically include the auditor's report, summaries of
financial data, income and cash flow statements as well as the balance sheet. It will also include a list
of directors, a list of corporate capital, and a listing of shareholders including names, addresses and
number of shares held. It is published for the benefit of all shareholders and to satisfy regulatory
requirements. All corporations must file an annual report with the applicable regulatory body.