The usefulness of information disclosed in company annual activity reports
The usefulness of information disclosed in company annual activity reports

Summary/Abstract: The company annual activity report – or management commentary – is an important element of the annual financial report. Its main purpose is to supplement financial data with additional information that may be of use for company stakeholders in their evaluation and decision-making processes. The usefulness of the information disclosed in annual activity reports is closely related to the scope, character, and quality of the content. This paper presents an evaluation of the information capacity associated with this type of reports, from the viewpoint of the company stakeholders’ needs and interests, with an emphasis on the qualitative characteristics expected from this type of information, and classified into primary and enhancing characteristics.

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