Section 211 — Companies Act 1993: Contents of annual report

211 Contents of annual report (1) Every annual report for a company must be in writing and be dated and, subject to subsection (3) of this section, must— (a) Describe, so far as the board believes is material for the shareholders to have an appreciation of the state of the company's affairs and will not be harmful to the business of the company or of any of its subsidiaries, any change during the accounting period in— (i) The nature of the business of the company or any of its subsidiaries; or (ii) The classes of business in which the company has an interest, whether as a shareholder of another company or otherwise; and (b) Include financial statements for the accounting period completed and signed in accordance with section 10 of the Financial Reporting Act 1993 and any group financial statements for the accounting period completed and signed in accordance with section 13 of that Act; and (c) Where an auditor's report is required under Part 11 of this Act in relation to the financial statements or group financial statements, as the case may be, included in the report, include that auditor's report; and (d) [Repealed] (e) State particulars of entries in the interests register made during the accounting period; and (f) State, in respect of each director or former director of the company, the total of the remuneration and the value of other benefits received by that director or former director from the company during the accounting period; and (g) State the number of employees or former employees of the company, not being directors of the company, who, during the accounting period, received remuneration and any other benefits in their capacity as employees, the value of which was or exceeded $100,000 per annum, and must state the number of such employees or former employees in brackets of $10,000; and (h) State the total amount of donations made by the company during the accounting period; and (i) State the names of the persons holding office as directors of the company as at the end of the accounting period and the names of any persons who ceased to hold office as directors of the company during the accounting period; and (j) State the amounts payable by the company to the person or firm holding office as auditor of the company as audit fees and, as a separate item, fees payable by the company for other services provided by that person or firm; and (k) Be signed on behalf of the board by 2 directors of the company or, if the company has only one director, by that director. (2) A company that is required to include group financial statements in its annual report must include, in relation to its subsidiaries, the information specified in paragraphs (e) to (j) of subsection (1) of this section. (3) The annual report of a company need not comply with any of paragraphs (a) , and (e) to (j) of subsection (1), and subsection (2) if all shareholders agree that the report need not do so. (4) Nothing in subsection (3) affects the requirements of the Financial Reporting Act 1993 . Subsection (1) was amended, as from 1 July 1994, by section 25 Companies Act 1993 Amendment Act 1994 (1994 No 6) by substituting the expression “ (3) ” for the expression “ (2) ” . Subsection (1)(d) was repealed, as from 3 June 1998, by section 6(1)(a) Companies Amendment Act 1998 (1998 No 31). Subsection (1)(f) was amended, as from 3 June 1998, by section 6(1)(b) Companies Amendment Act 1998 (1998 No 31) by inserting the words “ from the company ” . Subsection (1)(h) was amended, as from 3 June 1998, by section 6(1)(c) Companies Amendment Act 1998 (1998 No 31) by omitting the words “ and any subsidiary ” . Subsection (2) was amended, as from 3 June 1998, by section 6(2) Companies Amendment Act 1998 (1998 No 31) by substituting the expression “ (e) ” for the expression “ (d) ” . Subsection (3) was substituted, and subsection (4) was inserted, as from 3 June 1998, by section 6(3) Companies Amendment Act 1998 (1998 No 31).