Brief Introduction Of Annual Report

A company's annual report is the most important document that they release each year. In
short, it's a reliable summary of the company's financial position for that year that's been
checked and approved by an auditor.

This information is always released in a standard annual report format. This helps
shareholders and future investors to quickly find the information that they're looking for
about the company.

Investment expert Dan Fournier summarizes some of the most important purposes of the
annual report:

"You can use the annual report to assess a company's profitability, its potential for growth, to
learn about its problems or challenges, or to find out about risks and other factors that may
affect its performance and, inherently, its stock price."

Standard Format for Annual Reports

Fortunately, most companies follow a similar industry practice in their annual report
presentation, making it simple to understand and compare the company's financial position.
There are seven sections that make up the standard annual report format:

1. Letter to the shareholder

2. Highlights of the past year
3. Management discussion and analysis
4. Auditor's report
5. Financial statements (Income Statement, Balance Sheets, and Cash Flow Statement)
6. Notes to financial statements
7. Corporate information

The most important components are the financial statements, but when they stand alone they
can be misleading. It's only when you compare these statements to other company annual
reports that you can understand how the company has performed financially for that year.
Annual Report Sample

HAPPY VALE HOME FOR SENIOR CITIZENS

Annual Report for Year Ended 31 December 2000

Happy Vale Home For Senior Citizens was set up in 1.1.1989 as a society. It was registered
under the Charities Act on 1.7.1990.

Charity Registration Number : 1234

ROS Registration Number : ROS 012/1989

Registered Address : 8 Sunset Way

Singapore 129446
Management Committee : The Management Committee was elected at the 10th
Annual General Meeting held on 1.7.2000.

1) Mr David Lim Chairman

2) Mr Peter Ho Hon Secretary
3) Ms Alice Tan Hon Treasurer
4) Ms Betty Teo Committee Member
5) Mrs Lily Koh Committee Member
6) Mr William Tay Committee Member

Trustees : The premises at 8 Sunset Way is held in trust for the

charity by the following trustees by the trust
instrument of 1September 1989:

Banker : XYZ Bank Ltd

Auditor : F.W. Tan & Co.

Investment Adviser(s) : ABC Financial Consulting Co.

Other Adviser(s) : 1) Mr Albert Chia Legal Adviser

2) Dr. Cheryl Tay Medical Adviser

OBJECTIVE

The objective of the Home is to provide care and a shelter for the needy aged and the aged
sick in Singapore irrespective of race or religion.
POLICIES

Finance & funding

The Home is funded by the Government and from public donations. The Home also collects
nominal fees from the family members of the resident. Such fees are based on the family’s
financial background and their ability to pay.

Application for admission to Home

Applications for admission are made directly by family members of the applicant or by the
hospitals’ medical social workers. The applications were processed by the Management
Committee.

REVIEW OF YEAR 2000

Staffing
Staff are recruited locally and abroad. The nursing staff recruited from overseas have to go
through a series of training sessions to equip them with the skills to look after the residents.
As at 31.12.2000, the breakdown of the staff strength is as follows:

Occupancy
There were 148 residents as at 31 December 2000. A breakdown is shown as follows:

In 2000, we received 25 applications for admission to the Home. However, due to space
constraint, we were only able to admit 10 residents – 7 on Public Assistance. Two of the new
residents are charged at a fee between $700 to $900.

Calendar of Events

January Residents who are mobile visited the Jurong Bird Park.
February Chinese New Year celebration. MP for Clementi GRC came and
distributed ‘ang pows’ to the residents.
August National Day celebration.
September Walkathon to raise funds for the extension of the Home.
Mooncake Festival celebration.
October Deepavali celebration..
 November Senior Citizens’ Week. Students from Jurong Junior College put up a
cultural performance to entertain the residents.
December Christmas and Hari Raya celebrations.

Weekly physiotherapy sessions are conducted by physiotherapists from Changi General

Hospital for the residents. The residents are also taught to make handicrafts.

REVIEW OF FINANCIAL STATE AND EXPLANATION OF MAJOR FINANCIAL

TRANSACTIONS

The Home recorded a surplus of $28,000 in the year 2000. We wish to thank our donors,
friends and supporters who have made significant contributions to the Home and the Home’s
Building Fund.

We have spent $10,000 to purchase health equipments for the physiotherapy room.
A walkation was held on 10 September 2000 (Sunday) and a total sum of $5,000 was raised

EXPLANATION OF THE PURPOSES FOR WHICH THE CHARITY’S ASSETS

ARE HELD

1) Land and Building at 8 Sunset Way : Property purchased in 1989 by charity for the
purpose of running the home for senior citizen

2) Passenger Van Plate no. P1234G : Van purchased in 1998 by charity for ferrying
residents to and from hospitals and home

FUTURE PLANS AND COMMITMENTS

Construction of the new wing which can house another 50 beds has begun in June 2000. The
new wing is expected to be completed by June 2002. The Government will be funding 90%
of the construction costs and the Home will bear the remaining 10%.

STATEMENT OF ACCOUNTS

Statement of accounts for the financial year ended 31 December 2000 is attached.
Progress report 1 sample.

Note: this is a student sample. Do not copy it. Do not use boilerplate.

To: Phil Druker

From: R S
Date: October 4, 2005
Subject: Progress Report on Infrared Paper Dryer Project

Introduction:

The purpose of this project is to look at the power quality issues in the Potlatch paper drying
system, as well as designing a system to fix the problems. This report is prepared to show my
progress in the research of this problem.

Secondary research completed:

I completed some preliminary research on the project and found these sources.

[1] Learn About Paper Drying, Gas IR Paper Drying Consortium, [online] (2002), http://
www.energysolutionscenter.org/GasIRPaper/Learn%20About/Paper_Drying.htm (Accessed:
Oct. 3, 2005).

Using infrared radiation (IR) to dry paper is a much more efficient way to dry paper
compared to the typical steam or air drying. There are many advantages to IR drying
including less space, less time, less energy, lower maintenance, and better quality. However,
they are not a total replacement, just an efficient assistance. Drying can be achieved in a
much more even manner by analyzing moisture content across the paper and adjusting the
heating source in real time. All in all, IR drying has numerous benefits when properly
integrated.

This article provides a fair amount of background as to why this technology is important. It
gave me more of an idea what we are doing this for, and will provide information for the
background of my proposal.

[2] B.M. Nacke, R.L. Schlake, "The Importance of Power Quality Management in the Pulp
and Paper Industry," IEEE Transactions on Industry Applications, vol. 38, no. 3, 758-762,
May – June 2002.

This article discusses the need for power quality control measures in paper plants. In today’s
plants, it is very important for paper lines to stay up as near to 100% of the time as possible.
In addition, optimizing power quality is important to be more efficient, and, as a result,
reduce costs. Problems can range from complete plant shutdowns to voltage sags, which can
damage equipment. By optimizing the current waveforms and managing power quality, plant
managers can reach more ideal uptime.
From this article, I have more information about how big of an issue power quality is to plant
managers. It gives more background for the proposal.

[3] Michael Frost, Matthew Harvey, Kellen Lang-Gillming, Design and Implementation of an
Improved Control Algorithm for Compact Engineering’s Infrared Paper Dryers (Mid-Project
Report), May 11, 2005.

This paper was written by the team who has already worked on the project. Poor power
quality was a big problem for Potlatch as a result of Compact’s paper dryers. The main issues
were Total Harmonic Distortion and the Crest Factor. The team developed a new control
algorithm and hardware to test a small scale proof of concept model. This proved to be
successful and can serve as a basis for an expanded model.

This information will be very useful in my paper, as it provides a lot of information about
what was done, as well as why it was. I can use it in my background, as well as the necessary
ideas to build on to complete the project.

[4] Stephen J. Chapman, "Harmonic Problems," In Electric Machinery Fundamentals.

Boston: McGraw-Hill Higher Education, 2005, pp. 218-221.

Harmonic problems are becoming much more of an issue with today’s electronic controls.
The fast switching speeds provided by these electronics causes spikes in current waveforms,
especially in three phase power systems. As a result, damage can occur in equipment, as well
as tripping of system protection unnecessarily. The total harmonic distortion of the numerous
power electronics is the main cause of the problems. Standards now exist to help cut down on
these issues.

Because we are having issues with the harmonic distortion causing power quality issues, this
article gives more insight about the problems, as well as mentioning the IEEE standards that
exist. I can use this information in my background, and, via the standards, some of the
solution.

Other work:

I have contacted the group previously working on this project and discussed what they have
accomplished. They informed me of the control scheme they have developed, as well as the
changes they still see as necessary. I will remain in contact with them for future information.
In addition, I have looked at IEEE Std. 519-1992, "IEEE recommended practices and
requirements for harmonic control in electrical power systems."

Conclusion:

The research I have looked at so far has given me significant insight on what will be entailed
in this project. I have plenty of information on the background, based on what the previous
group has reported. At this point I should have enough information to complete the proposal.
An Example of an Analytical Report

Sample Report Letter

May 30, 2001

Dear <<Sponsor Name>>,

Again this year I did my Birdathon in Delaware along with three friends
from Pennsylvania – Dave Cutler, Harry Armistead, and Carl Perry – and a good
birder from Delaware – John Janowski.
 The date was May 17 - by chance precisely the same as last year’s. While
th
the 17 is slightly past the usual peak of the spring migration, the best migration
days this year actually occurred in the week after our outing. I ended up,
however, with a good total of 175 species, just one short of last year. You never
get all the species scored by everyone in the group and I missed six seen by
some of the others.

We started in the dead of night and covered a number of marshes in Kent

and Sussex counties, picking up five rails and a few sparrows, wrens, and
shorebirds in the dark, along with three owls and two goatsuckers. At dawn we
were at the Delaware River near the Pea Patch Island heronry to see the morning
foraging flight – nine species of herons and several other waterbirds – terns,
gulls, and cormorants.

The Nemours Foundation, on the outskirts of Wilmington, one of the few

remaining areas in Delaware’s Piedmont where the big oaks that attract
insectivorous birds have not been reduced to lumber, was our next stop, and we
did fairly well there, getting among other birds 12 of the day’s 27 warblers, three
mimids, and both orioles. Some of the other 15 warblers along with five thrushes
and four vireos we got next at White Clay Creek in New Castle County’s
northwest corner.

From White Clay we went south again, visiting the coastal marsh areas for
shorebirds, ducks, and a Peregrine Falcon and the vicinity of Redden State
Forest, where we had the rest of our warblers, several flycatchers, and great
views of a Red-headed Woodpecker. At Cape Henlopen we picked up a few new
shorebirds, including the endangered Piping Plover.

We had run out of the time necessary to get us to Indian River Inlet, where
we would surely have added a half dozen salt water species to our list, so turned
homeward where I arrived at about ten o’clock.

Ending A

Now the good news you’ve been waiting for. At $X.XX per species, your
sponsorship is worth $XXX.XX. So you’re in a position to make a tax-deductible
contribution of that amount (or even more if you wish) to the National Audubon
Society, who will put your contribution towards making the world a better place
for you and your children to live in. All you have to do is make out your check to
the Society and send it on to me in the enclosed envelope. If you have a
connection to a corporation that matches charitable gifts, the Birdathon will
qualify for that too.

<<Sponsor>>, thanks for your support. It’s truly appreciated; I’m

grateful for your sponsorship.

Sincerely,

Ending B

<<Sponsor>>, in response to my earlier letter you pledged $XX.XX for my

Birdathon. So you’re in a position to make a tax deductible contribution of that
amount (or even greater if you wish) to the

National Audubon Society. They, in turn, will put your contribution towards
making the world a better place for you and your children to live in. All you have
to do is make out your check to the Society and send it on to me in the enclosed
envelope. If you have a connection to a corporation that matches charitable
gifts, the Birdathon will qualify for that too.

<<Sponsor>>, thanks for your support. It’s truly appreciated; I’m

grateful for your sponsorship.

Sincerely,
Ending C

Well, <<Sponsor>>, in response to my earlier letter on the

Birdathon you’ve already made a tax-deductible contribution of $XXX.XX
to the National Audubon Society. They, in turn, have put that contribution
towards making the world a better place for you and your children to live
in. Audubon and I want to thank you for that support. It’s much
appreciated.

Sincerely,

Ending D

<<Sponsor>>, I realize you didn’t grab the opportunity when I wrote my

first letter this year on the Birdathon, but I’ve heard from several people that
they never received that first letter, so perhaps you also never got it. Either
way, I thought it was only fair to give you another chance. So here’s the result,
and it’s still not too late to participate. All you need to do is make out your check
to the National Audubon Society and send it on to me in the enclosed envelope.
Your tax deductible contribution will go towards making the world a better place
for you and your children to live in. And if you have a connection to a
corporation that matches charitable gifts, the Birdathon will qualify for that too.

Thanks for your consideration.

Sincerely,