Annual Report Ppt Final (1)

8/4/2019 Annual Report Ppt Final (1)

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ANNUAL REPORT

Presented By:Nikhil PathakPooja Tomar

Prachi MundraSonal Pandey

Vivek Surana



What is an Annual report? An annual report is a statement prepared by a publicly

traded company and distributed to employees,customers, shareholders, and the general community.

Individuals with assets tied up in the company canalso use the annual report to determine the security of the investment

A more detailed copy of an annual report, called a 10-K, is filed with the United States Securities andExchange Commission (SEC), which has requiredcompanies to issue an annual report since 1934.



A publicly held company may also issue a much morelimited version of an annual report, which is known asa "wrap report." A wrap report is a Form 10-K with anannual report cover wrapped around it.

Annual report is an audited document, thus theinvestor trusts the numbers provided in the Report.



Contents of annual report: Chairperson's report: Chairperson’s report consists that the organization is fulfilling

its intended purpose. This report can coincide with annual fiscal reports or even be

monthly, if desired. It could even be written only when a significant change hasoccurred within the group.

CEO's report: A CEO's report typically provides factual information about strategies,results, and challenges. It is not merely descriptive. It conveys top management'sperspective - what the facts and circumstances mean and why they are significant to

shareholders.

Mission statement: is a brief description of a company's fundamental purpose. A mission statement answers the question, "Why do we exist?"

Auditors report on corporate governance.

Statement of directors' responsibilities.

Other information deemed relevant to stakeholders may be included, such as a reporton operations for manufacturing firms or corporate social responsibility reports forcompanies with environmentally or socially sensitive operations.

http://en.wikipedia.org/wiki/Board_of_directors

http://www.audi.co.in/

http://en.wikipedia.org/wiki/Chief_Executive_Officer


http://en.wikipedia.org/wiki/Mission_statement

http://en.wikipedia.org/wiki/Mission_statement


http://en.wikipedia.org/wiki/Chief_Executive_Officer


http://en.wikipedia.org/wiki/Board_of_directors



Contd… ……as well as financial statements including:

Auditor's report on the financial statements.

Balance sheet- Balance Sheet is a financial statement thatsummarizes a company’s assets, liabilities andshareholders’ equity at a specific point of time.

Statement of retained earnings: The statement of retainedearnings is prepared in accordance with generally acceptedaccounting principles (GAAP). The statement of retainedearnings reconciles the beginning and ending retained

earnings for the period, using information such as netincome from the other financial statements.

Income statement: It lists all of the revenues and expensesthat the company incurred or earned during a particular

year.

http://en.wikipedia.org/wiki/Financial_statements



http://en.wikipedia.org/wiki/Auditor's_report

http://en.wikipedia.org/wiki/Balance_sheet

http://en.wikipedia.org/wiki/Statement_of_retained_earnings

http://en.wikipedia.org/wiki/Income_statement

http://en.wikipedia.org/wiki/Income_statement

http://en.wikipedia.org/wiki/Statement_of_retained_earnings

http://en.wikipedia.org/wiki/Balance_sheet

http://en.wikipedia.org/wiki/Auditor's_report




Contd….. Cash flow statement It is to be prepared in a manner that it shows cash flows

from business transactions during a period.

Notes to the financial statements: Notes to the financial statements report thedetails and additional information that are left out of the main reportingdocuments, such as the balance sheet and income statement. This is donemainly for the sake of clarity because these notes can be quite long.

Accounting Policies: Principles, rules and procedures selected, andconsistently followed, by the management of an organization (the accountingentity) in preparing and reporting the financial statements. Accountingpolicies deal specifically with matters such as consolidationof accounts, depreciation methods, goodwill, inventory pricing, and researchand development costs. Accounting policies must be disclosed in the annualfinancial statements.

http://en.wikipedia.org/wiki/Cash_flow_statement

http://en.wikipedia.org/wiki/Notes_to_the_financial_statements





http://en.wikipedia.org/wiki/Cash_flow_statement



Why Annual Report is important??

One wants to know how well the company is doing , how well it is upcoming changes projected for the next year, andabout the management staff of the company.

One want to find out whether the company is making moremoney than it is spending.

One want to get an idea of management’s strategic plan for

the coming year.

Shareholders can use the annual report to make importantdecisions.



What is a Director Report? Why is itimportant?

It is obligatory on the part of the directors to makeout and attach to every balance sheet laid beforecompany in general meeting, a report known as

“directors report”.

The report is intended to report, to all interestedstakeholders, the directors' explanations andinterpretations of the profit/loss, the state of affairsof the group and any other matters which may bematerial for the stakeholders' attention.



Contents of Director’s Report.

A description of the principal activities of the company.

A fair review of the current and future prospects of the

business. Information on the sale, purchase or valuation of assets.

Recommended dividends.

Employee statistics.

Names of directors and their interests.



PBDIT 41,177.44 9,234 33,041.18 7,359

Less: Interest 2,327.62 522 1,997.21 445

Depreciation16,241.33 -------- 13,477.01 ---------

Less: Transfer from

revaluation reserve

13,607.58 3,051 10,496.53 2,338

PBT 25,242.24 5,661 20,547.44 4,576

Less: Provisionfor current

taxation

4,320.44 969 3,111.77 693

The Directors are pleased to present the 37th Annual Report and

the audited accounts for the financial year ended March 31, 2011.Financial ResultsThe financial performance of the Company, for the year ended March 31,

2011 is summarized below:

2010-2011 2009-2010Rs. (crores) $ mn* Rs.(crores) $ mn*



Provision fordeferred tax

635.50 143 1,200.00 267

PAT 20,286.30 4,549 16,235.67 3,616

Add: Balance inprofit & loss a/c

4,999.45 1,114 5,384.19 1,199

Amount

available forappropriation

25,285.75 5,663 21,619.86 4,815

APPROPRIATION:

General

Reserve

16,000.00 3,588 14,000.00 3,118

Debentureredemptionreserve

--- --- 189.50 42

Dividend on

equity share

2,384.99 535 2,084.67 464



Tax ondividend

386.90 87 346.24 77

Balance carriedto balancesheet

6,513.86 1,453 4,999.45 1,114

25,285.75 5,663 21,619.86 4,815

* 1 $ = Rs. 44.595 Exchange Rate as on March 31, 2011 (1 $ =Rs. 44.90 as on March 31, 2010)



Result of Operation.

Dividend.

Credit Rating.

Managements Discussion and Analysis Report.



Why is Auditor appointed? What

is an Auditor’s report? Auditors are appointed to certify whether the financial

statements reflects a true and fair view of an entity ornot. Auditors provide an independent opinion.

The auditor’s report is a means by which the auditorcommunicates the findings of his examination to the

readers of financial statements viz.. Shareholders,creditors, financial institutions and all others who havea stake in the company or wish to acquire a stake withthe company.



Auditor’s report could be.. Unqualified report

Qualified report

Adverse report

Disclaimer of opinion



Contents of Auditor’s Report Title.

Proper Disclosure of Client name.

Proper addressing of the report.

Identification of Financial Statement.



Auditor's Report (Reliance Industries)

Year End : Mar '11

1. We have audited the attached Balance Sheet of RELIANCEINDUSTRIES LIMITED as at March 31, 2011, the Profit and Loss Accountand the Cash Flow Statement for the year ended on that date annexedthereto. These financial statements are the responsibility of the Companiesmanagement. Our responsibility is to express an opinion on these financial

statements based on our audit.

2. We conducted our audit in accordance with the Auditing Standardsgenerally accepted in India. Those standards require that we plan andperform the audit to obtain reasonable assurance about whether the

financial statements are free of material misstatement. An audit includesexamining, on a test basis, evidence supporting the amounts anddisclosures in the financial statements. An audit also includes assessing theaccounting principles used and significant estimates made by management, as well as evaluating the overall financial statementpresentation. We believe that our audit provides a reasonable basis for ouropinion.



3. As required by the Companies (Auditors Report)Order, 2003 issued by the Central Government of India

in terms of sub-section (4A) of Section 227 of theCompanies Act, 1956, we enclose in the Annexure astatement on the matters specified in paragraphs 4 and5 of the said.

4. Further to our comments in the Annexuredeferred to in paragraph

a) We have obtained all the information and

explanations which to the best of our knowledgeand belief were necessary for the purposes of ouraudit;



b) In our opinion, proper books of account, as requiredby law, have been kept by the Company, so far as appears

from our examination of those books;

c) The Balance Sheet, Profit and Loss Account and CashFlow Statement dealt with by this report are in

agreement with the books of account;



d) In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by thisreport are in compliance with the Accounting

Standards referred to in sub–section (3C) of Section 211of the Companies Act, 1956.

e) On the basis of written representations receivedfrom the Directors as on March 31, 2011 and taken onrecord by the Board of Directors, we report that none

of the Directors is disqualified as on March 31, 2011from being appointed as a director in terms of clause(g) of sub – section (1) of Section 274 of the companies

Act, 1956;

f) I i i d h b f i f i



f) In our opinion and to the best of our informationand according to the explanations given to us, the saidaccounts read together with the Significant

Accounting Policies and notes thereon give theinformation required by the Companies Act, 1956, inthe manner so required and give a true and fair viewin conformity with the accounting principles

generally accepted in India:

(i) In the case of the Balance Sheet, of the state of

affairs of the Company as at March 31, 2011;(ii) In the case of the Profit and Loss Account, of theprofit for the year ended on that date;

(iii) In the case of the Cash Flow Statement, of the cash

flows for the year ended on that date.



References:

http://www.moneycontrol.com/annual-report/relianceindustries/directors-report/RI

Wikipedia/annual-report/definition

Book:

Auditor’s Report & Director’s Report –R.K. Agarwal, HindLaw Publishers.



http://www.google.co.in/











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