CCR Analysis: Annual Report Financials Get Fatter.

An analysis by FEI's Committee on Corporate Reporting of annual reports over a l0-year period (1983 to 1998) shows a dramatic 10-page increase in the quantity of financial information. The average annual report jumped from 52 pages to 62 pages.

MD&A and footnote Text that appears at the bottom of a page that adds explanation. It is often used to give credit to the source of information. When accumulated and printed at the end of a document, they are called "endnotes." disclosures account for the largest increases; footnotes represent one-third (20 pages) in the average 1998 annual report. In addition, 100 percent of sample companies include a management report in their 1998 annual report.

                         More Financial Reporting
                         Change in annual reports
                           between 1988 and 1998
   Financial highlights  +7%
         Front material  -7%
   Financial statements  +9%
Management/audit report +12%
                   MD&A +97%
              Footnotes +45%
  Corporate information  -5%
            Total pages +20%

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Title Annotation:	Committee on Corporate Reporting
Publication:	Financial Executive
Article Type:	Brief Article
Geographic Code:	1USA
Date:	May 1, 2000
Words:	112
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