Highlights in annual reports: Its perceived usefulness

‘Financial Highlights,’ as the name suggests should contain those information items that are perceived to be useful by the users of annual reports. This paper investigates whether the ‘financial highlights’ section of annual reports of a sample of Indian companies satisfy the information requirements of investors. The paper uses the framework developed by Joshi and Abdulla (1994) in this regard. The result being most of the Indian companies surveyed do not disclose information that is perceived by users of this section in India as significant.