ársskýring

Ársskýring is an Icelandic term that translates to "annual report." It is a document published by publicly traded companies, government agencies, and non-profit organizations that provides a comprehensive overview of their activities and financial performance over the past year. The primary purpose of an ársskýring is to communicate with stakeholders, including shareholders, investors, employees, and the general public.

These reports typically contain a letter from the chairman or CEO, a business review detailing operational highlights and strategic objectives, and a detailed financial section. The financial section usually includes audited financial statements such as the balance sheet, income statement, and cash flow statement, along with accompanying notes that provide further explanation of the accounting policies and financial figures.

Ársskýringar are important for transparency and accountability. They allow stakeholders to assess the organization's performance, understand its financial health, and make informed decisions. The content and format of an ársskýring are often guided by regulatory requirements and accounting standards specific to the jurisdiction in which the organization operates. In Iceland, these reports are a crucial part of corporate governance.