3b

From Ibc

Structure of an annual report in Lithuania / Portugal.

The structure of annual report in Lithuania includes:

• A brief look at company’s activity during the year and short presentation of results.

• Board of directors and management – the list of names and position titles of the board of directors and top management team, including short speeches with pictures of them.

• Describing the state of company in the market, defining where the company is in the market regard, market environment. -Stockholder information – trades in stock, stockholder service information.

• Report of management or report of directors, financial review of the group.

• Financial structure:

 Income statement (profit and loss account);

 Cash flow statement (cash inflow and outflow);

 The Balance sheet:

-Assets;

-Liabilities;

-Stockholder’s equity.

• Selected financial data - summarized information about financial conditions and company’s performance over late years (usually five or more years), including information about net income and profit. Usually graphs and diagrams are used to represent this information.

• Management discussion, business risk. Different comities do consideration about the company’s activity during the year.

• Auditor’s report.

• Financial highlights – summarized information about the performance. Setting out the objectives for the next year and possible forecasts in the future market.

Of course there could be included other details, but these are the main.

The structure of annual reports in Portugal are similar with the lithuanian's. It include:

- note from the board of directors

- human resources

- assets and investments

- economic and finantial analysis

- proposed application of results

- finantial statements

- annex to the finantial statements

- opinions

- social balance

In each point there is lot of information about the company. Some companies could had another structure for they anual report but the main points are this.