Next: Insurance
Health insurance, decoded
Floaters, waiting periods, room-rent caps, co-payment and sub-limits — the fine print that decides whether a hospital bill lands on you or the insurer.
24 min
advancedelevated risk
Reading an annual report
An annual report has legally required contents. Find them: the auditor's objections, the related-party list, and what the directors personally assert.
3 lessons · about 24 minutes · written for reading age 13 · last checked 2026-08-14
Where the board has to answer
If an auditor makes a qualification or an adverse remark, the directors must explain themselves about it — which makes those two passages worth finding first.
8 min
The list that has to be there
Related-party contracts, frauds the auditors found, changes after the year ended, and risks that may end the company are all required contents.
8 min
What the directors personally assert
One statement in every report is a set of claims the directors make in their own names, including that the accounts were prepared on a going concern basis.
8 min
Reading an annual report — the whole course
5 questions at the end. Every wrong answer explains itself.
Sources
- The Companies Act, 2013 — section 134, financial statement and Board's report — Government of India, via India Code · checked 2026-08-14