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Annual reports are comprehensive documents published by listed companies each year. They contain both financial and non-financial information about the company. Reading an annual report is very important if you are fundamentally analyzing a company to make an investment decision. But not everything in the annual report is useful, and there's a lot of irrelevant information and in a lot of cases marketing fluff. So, you need to know what to look for and what to ignore when analyzing annual reports. In this video, we look at the structure of annual reports and the important sections you need to focus on. For example, an auto company might talk about its various product segments, giving you an insight into the segments that are driving most of the revenues. Similarly, annual reports have a section on corporate governance which has details about the management, the directors, their background and their remuneration and these things are quite important. Dive deeper into analyzing annual reports here: https://zerodha.com/varsity/chapter/r... Do you have any questions? Post a comment at the end of the chapter and we'll answer.