Comparative Annual Report
All listed companies must prepare and publish their annual report for each end of every financial year. Bursa Malaysia Berhad and Central Bank of Malaysia require business entities to submit annual report. Annual reports are intended to give shareholders and other interested people information about the company’s activities and financial performance. It is general documents that give shareholders an idea of the condition of the company as a whole. The Securities Commission makes public companies disclose certain information to the shareholders of the company.
It will create a standardized method that investors can use to evaluate the potential of a company. The purpose of this project is to analyze the annual reports between two industries. For our project paper, we have focus on services and plantation industries and compared two annual reports for the year 2009 between. This comparison would describe about these two industries; what is the similarities disclosure and differences disclosure between services and plantation industries besides the implication of disclosure and presentation of financial reporting.
The aims of comparative between two annual report is to strengthen and enhance the understandability on how these companies present the information in their annual report to internal and external users. All information should be honest and forthcoming. It is to emphasize on the particular industries, including background of the company. Besides that it has emphasize on applicable statutory requirements, corporate governance, and voluntary disclosure on corporate social responsibility and environment issues into these two different industries.
Furthermore, analyzed the similarities and differentiation of statutory requirement applies by both companies. And find out whether these two companies have complied in corporate governance and discuss the application of corporate social responsibility and environmental issues.