An annual report is a comprehensive document that companies produce each year to summarize their financial performance and overall activities. It typically includes key financial statements, such as the balance sheet and income statement, along with management's discussion and analysis. The report is intended for shareholders, investors, and other stakeholders to provide insights into the company's operations and future outlook. In addition to financial data, annual reports often highlight significant achievements, challenges, and strategic goals. They may also include information about corporate governance, sustainability efforts, and community engagement. Overall, annual reports serve as a vital tool for transparency and accountability in the business world.