i) Annual reports are aimed to provide valuable information on the health of a company to

shareholders, stakeholders, creditors and the media. It is a primary document for

communicating the most recent 12-month fiscal period, including management’s revenue and
profit expectations for future years. This is achieved through the use of graphs and/or charts to
provide visual representations of data that assist users. Annual Reports include a balance sheet,
income statement, financial summaries and cash flow statement. The annual report also assists
external users, determine what the company, Oroton, owns and owes, how the company is
funding operations and growth, and how good the company is at making money for investors.
The decisions made based on the different information contained in the annual report depends
on the type of user. Prospective investors use financial statements to perform financial analysis,
which is the basis of their decision to invest or not in your business. A lending institution will
examine the financial health of your company and use the financial statement which outline all
of a company’s assets as well as the short- and long-term debt, lenders get a better sense of a
company's creditworthiness, ultimately to confirm if it has the capacity to serve the debt.
Vendors who extend credit may use financial statements to assess the credit-worthiness of your
business.

ii) Current assets are items listed on a company's balance sheet that are expected to be
converted into cash within one fiscal year. Conversely, noncurrent assets are long-term
assets that a company expects to hold over one fiscal year and cannot readily be converted into
cash. Current and noncurrent assets are located on the balance sheet. For example, inventory,
which can be converted into cash within one fiscal year, is considered a current asset in the
accounts of Oroton Limited. However, Property, plant and equipment, which is a non-current
asset, is a company’s long-term investment and cannot be easily converted into cash

iii) The primary difference between the two is that a current liability is an amount that you
already owe, whereas a contingent liability refers to an amount that you could potentially owe
depending on how certain events transpire. Current liabilities include debts you owe that you
expect to pay within the next 12 months. Common examples include accounts payable to
suppliers and short-term loans. While, Lawsuits, government fines and warranty payouts are
common examples of contingent liabilities. The current liabilities of Oroton Limited are ‘Trade
and other payables’ ($12,334,000) and ‘Provisions - employee benefits and deferred lease
incentives’ (1,007,000). The contingent liability of Oroton Limited is its lease of 56 properties
covering the period to the lease expiry date which is of the amount $59,429,000 at 30th July
2016.
https://smallbusiness.chron.com/differences-between-current-liability-contingent-liability-80135.html

https://smallbusiness.chron.com/purpose-company-annual-reports-57428.html