A listed company's annual report is the definitive public document detailing its financial performance and position for the prior fiscal year. CSE-listed companies are required by law and exchange rules to publish their annual report within five months of the financial year end.
Core components of an annual report include the audited income statement (revenue, profit), balance sheet (assets, liabilities, equity), cash flow statement, and notes to the accounts. Beyond the financial statements, annual reports contain the board of directors' review, the CEO/MD's letter to shareholders, segment information, risk disclosures, and corporate governance statements.
For an investor performing fundamental analysis on a CSE stock, the annual report is the primary source of truth. Key ratios — P/E, P/B, dividend cover, debt-to-equity — can all be calculated from the data in the annual report.
Annual reports are published on the CSE website and typically the company's investor relations page. All CSE-listed companies are required to provide physical or digital copies to shareholders who request them.