I am not sure about others and I certainly cannot speak for them. Personally, I find the trend in providing annual reports in the form of CDs seems to be defeating the purpose of dissemination of information on the companies.
I am an average person, using the computer or the mobile phone daily, visiting social network sites like Facebook, updating my own blogsite, and generally using the internet in communication with relatives and friends. Yet, when I receive annual reports in the form of CDs, normally I do not use it to gain information on the companies, simply because it involves the use of at least a notebook, and to switch it on if I am not already using it. Sometimes, when I do, a dud CD would be a further discouragement. The covering letter normally includes an option to ask for a traditional published copy, but who would bother? Unless I am specifically interested in a particular company's audited report, I would not even use the CD, leaving it for just in case I need it.
Some companies provide abridged version of the audited annual accounts, besides providing a CD for the full report. Under the circumstances, I find these more useful provided they include relevant information like profits or loss for the year and abridged balance sheet, as well as earnings per share and net asset value.
I also wonder what others think of the monthly statements in PDF form, from Bursa Saham Malaysia via email. Again, it is innovative but seems unfair to those who do not own or use a computer, though they still have the option to receive them in paper form. I am not proud to admit, I am beginning to skip opening the file to see if shares are correctly stated, assuming the information to be correct because I have no reason not to trust BSM.
Will the company annual reports follow the trend and even do away with CDs? I wonder.
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I am an average person, using the computer or the mobile phone daily, visiting social network sites like Facebook, updating my own blogsite, and generally using the internet in communication with relatives and friends. Yet, when I receive annual reports in the form of CDs, normally I do not use it to gain information on the companies, simply because it involves the use of at least a notebook, and to switch it on if I am not already using it. Sometimes, when I do, a dud CD would be a further discouragement. The covering letter normally includes an option to ask for a traditional published copy, but who would bother? Unless I am specifically interested in a particular company's audited report, I would not even use the CD, leaving it for just in case I need it.
Some companies provide abridged version of the audited annual accounts, besides providing a CD for the full report. Under the circumstances, I find these more useful provided they include relevant information like profits or loss for the year and abridged balance sheet, as well as earnings per share and net asset value.
I also wonder what others think of the monthly statements in PDF form, from Bursa Saham Malaysia via email. Again, it is innovative but seems unfair to those who do not own or use a computer, though they still have the option to receive them in paper form. I am not proud to admit, I am beginning to skip opening the file to see if shares are correctly stated, assuming the information to be correct because I have no reason not to trust BSM.
Will the company annual reports follow the trend and even do away with CDs? I wonder.
1 comment:
In future it will be in two sheets. Profit and loss only and payment of tax. And a precedents have already been set.
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