Aastaaruanne

Aastaaruanne is the Estonian term for an annual report, a document published by organizations to summarize the past year’s financial performance, activities, and outcomes and to communicate them to stakeholders. It serves as a tool for transparency, accountability, and strategic communication and is used by corporations, non-profit organizations, and government bodies.

A typical aastaaruanne covers a management overview of the year, financial statements such as the balance sheet, income statement, and cash flow statement, and accompanying notes. Many reports also include a governance section describing the board and management, risk management, and compliance activities. If an audit was conducted, an auditor’s report is usually part of the package. In some cases, there are separate sustainability or corporate social responsibility disclosures. The exact content and level of detail depend on the entity’s legal form and jurisdiction, as well as the applicable accounting standards or regulatory requirements.

Legal and regulatory aspects vary by country and sector. Larger entities often must prepare and publish annual reports and financial statements and file them with a government register or regulator; smaller entities may be eligible for simplified reporting. The format is increasingly digital, with reports published online for broad accessibility, sometimes in multiple languages and in interactive or downloadable formats.