operating and financial review
- operating and financial review
A statement published with a company's annual accounts and directors' report in which the directors discuss the business's performance, giving both positive and negative points. It is broadly similar to the management discussion and analysis statement issued by US companies. For financial years beginning on or after 1 January 2005, listed companies are required to prepare a statutory OFR; this should include key performance indicators and, where appropriate, information on employees and the company's environmental record.
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