Annual reports are official documents that larger businesses are required by law to compile once per year and which contain financial data and other important details describing the state of the company in question. Their content is defined by the applicable legislation.
Annual reports represent a specific domain of translation services. They are especially, so to speak, “seasonal goods” – the demand regularly arrives as financial statements are published, mostly in late winter and early spring. From the perspective of translators, annual reports represent a specific type of text which requires a thorough understanding of accounting and financial principles and terminology.