Translation of annual reports is required in many situations, such as when exporting abroad, internationalizing your offer or when you need to find local investors or business partners in each country. Like all financial documents, annual reports also need to be translated very carefully by a qualified professional translator.
What is an annual report?
An annual report is a document published at the end of a year that shows a company's performance. The annual report includes:
This is a message from the chairman of the board who submitted the report. Annual activity report summarizing significant events during the year, forward-looking statements, risk factors and future goals. Additional documents including balance sheets, sales and losses, document notes, and possibly corporate accounts, audit reports, etc.
In some countries, this document is mandatory for commercial enterprises. The annual report also gives shareholders an opportunity to review the company's financial health.
Why use a professional translator to translate your annual report?
Financial translation is a field that requires experts. Such translations can only be carried out by professional translators who specialize in finance and have extensive experience in this field.
Translators must be trained or have professional experience in the financial field to be able to apply the specifications applicable to this field and the content to be translated.
For example, translators must be familiar with international accounting standards for financial statement reporting (IFRS, GAAP, etc.) to ensure that the translation meets the standards of the target country.
Additionally, annual reports contain different types of content (leadership content, quantitative data, etc.), all of which require different and very specific skills, both linguistic and financial. .
A specialized professional translator with good language skills and financial experience will be able to translate all specifications of such documents and will be able to provide highly accurate translations.
What are the challenges in translating annual reports?
The annual report is an important document for any company, so it is important to write and translate the correct annual report. It is most often required in connection with transactions with banks or when applying for financing from international investors.
Finally, confidentiality is also an important factor in this regard. Therefore, you should use a reliable and recognized translation company that can guarantee you complete discretion.
FAQ regarding annual report translation
Annual reports must be translated into the language of the country in which they are used. Always use a native language translator from the country in question to ensure the authenticity of the translation. At Alphatrad Denmark, our professional translators can translate your annual report into over 100 different languages.
As with all translations, annual report translation costs vary depending on the number of words translated, language combination, and other criteria. To find out how much it costs to translate your annual report, you can request a quote online.
You can also send us your annual report in its original format. We will send the translation back to you in the same format.
