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Westar Resources Limited ABN 66 635 895 082Annual Report 30 June 2022Westar Resources Limited Contents 30 June 2022 Chairman\'s letter Corporate directory Directors\' report Auditor\'s independence
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01
Begin by gathering all the relevant financial and operational information that needs to be included in the annual report.
02
Create a comprehensive and clear executive summary that highlights the key achievements and challenges faced by the company during the reporting period.
03
Provide a detailed analysis of the financial performance including revenue, expenses, and profitability. This can be done through graphs, charts, and tables for better understanding.
04
Include a section on corporate governance, explaining the structure and functioning of the board of directors, and any significant changes in the composition of the board.
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Discuss the company's strategic objectives and the steps taken to achieve them. Highlight any major milestones or initiatives undertaken during the reporting period.
06
Address any legal and regulatory compliance issues, including any changes in laws or regulations that may impact the company's operations.
07
Provide information on risk management and mitigation strategies adopted by the company. This should include a discussion on key risks and uncertainties faced by the business.
08
Include a section on sustainability and social responsibility, outlining the company's efforts towards environmental stewardship, community engagement, and employee welfare.
09
Summarize the financial statements, including the balance sheet, income statement, and cash flow statement. Provide explanations for any significant fluctuations or trends.
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Conclude the report with a message from the CEO or chairman, expressing gratitude to shareholders and stakeholders for their support and outlining the company's vision for the future.

Who needs annual report to shareholders?

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Annual report to shareholders is needed by various stakeholders including:
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- Shareholders: It provides them with a comprehensive overview of the company's financial performance, strategic objectives, and future prospects.
03
- Financial analysts and investors: They use the information in the annual report to assess the company's financial health and make informed investment decisions.
04
- Creditors and lenders: They rely on the annual report to evaluate the company's creditworthiness and determine the terms of lending.
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- Regulatory authorities: They require annual reports to ensure compliance with accounting standards and regulations.
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- Business partners and suppliers: They use the report to assess the company's stability and trustworthiness.
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- Employees: The annual report provides them with insights into the company's performance and future prospects.
08
- General public: It allows them to gauge the company's financial health and transparency.
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An annual report to shareholders is a comprehensive document that provides information about a company's financial performance, operations, and future outlook over the past year. It typically includes financial statements, management discussions, and other relevant information to stakeholders.
Publicly traded companies are required to file annual reports to shareholders. This includes companies listed on stock exchanges and those that have a significant number of shareholders.
To fill out an annual report to shareholders, a company typically compiles its financial statements, management analysis, key performance indicators, financial forecasts, and any additional disclosures required by regulatory bodies. This information is then formatted according to legal and industry standards before being submitted.
The purpose of an annual report to shareholders is to inform shareholders about the company's financial health, operations, and strategic direction. It serves as a tool for transparency and helps shareholders make informed decisions regarding their investments.
An annual report must include the company's financial statements (such as the income statement, balance sheet, and cash flow statement), management discussion and analysis, information about the company's business operations, corporate governance details, and information about risks and future outlooks.
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