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Developing your Annual Report
Developing your Annual Report
Financial reporting plays an essential role in explaining past performance but it cannot provide a complete picture of business value on its own. Shareholders are increasingly looking to narrative reporting as a means to go beyond this ‘business as usual’ perspective. The challenge for report preparers has been to develop their existing reporting to provide this in the absence of a compliance framework that defines exactly what needs to be reported.
Narrative reporting is playing an increasingly important role in the annual report. Companies can use Integrated Reporting principles to produce a business-centric report that focuses on the areas that matter most to their business. We discuss three ways this can help to refocus your reporting:
- Concentrate on what’s genuinely important to the business
- Take an operational perspective
- Help readers take a forward looking perspective
© 2020 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
