What is the difference between a Company's Annual Report & their 10K Report?
Answer:
10 K is 6.2 miles. It's a good distance to run to keep in shape.
10K is required to file with SEC (if publically held) and is plain text format. Annual report has much of the same stuff but is glossy and they can add whatever other stuff they want.
The 10K and a "public" company's annual report are the same thing. The following is straight from www.sec.gov.
Annual Report
The annual report to shareholders is the principal document used by most public companies to disclose corporate information to their shareholders. It is usually a state-of-the-company report, including an opening letter from the Chief Executive Officer, financial data, results of continuing operations, market segment information, new product plans, subsidiary activities, and research and development activities on future programs. The Form 10-K, which must be filed with the SEC, typically contains more detailed information about the company’s financial condition than the annual report.
Reporting companies must send annual reports to their shareholders when they hold annual meetings to elect directors. Companies sometimes elect to send their Form 10-K to their shareholders in lieu of providing shareholders with an annual report. Some companies may file their annual reports electronically in the SEC’s EDGAR database. You can learn how to use EDGAR to find annual and other reports filed by companies. If you know that a company has filed its annual report with the SEC, you can enter "ARS" in the type of form box in EDGAR.
A 10K report is similar to the annual report, except that it contains more detailed information about the company’s business, finances, and management. It also includes the bylaws of the company, other legal documents, and information about any lawsuits in which the company is involved. All publicly tradecompanies are required to file a 10-K report each year to the SEC.
An annual report is a document which a company presents at its Annual General Meeting for approval by its shareholders. The report normally includes a profit and loss account and balance sheet, as well as a directors' report and an auditor's report. In the case of larger companies, it is usually a sleek, colorful, high gloss publication.
The details provided in the report are of use to investors in gaining an understanding of the company's financial position and future direction.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: