Part II

Understanding Published Information: Annual Reports

In this part . . .

You can’t analyse a financial report until you understand all its pieces. In this part, we help you put together the puzzle of financial reporting. We delve into the key financial statements – the balance sheet, income statement, and cash flow statement. We also explore the other parts of an annual report, particularly how to read the small print in the notes to the financial statements. In addition, we discuss what makes up consolidated financial statements.