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Integrated reporting





                           Limitations of financial statements





                             Investors (shareholders and lenders) will often appraise the
                             performance of an entity, to assess whether it represents a good
                             investment.

               The most readily available source of information is the published financial
               statements, but these have the following limitations:






                                                                                Financial information
                   Historic, not forward         Accruals (profit differs         fails to give the full

                          looking                      from cash)                       picture



                             Therefore, disclosure of non-financial information is also important.





































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