Guide to the 2012 Annual Report

CIRI NL April2013_b.inddCIRI recently released its 2012 Annual Report. This document summarizes the Company’s performance last year and contains information that shareholders and interested readers can use to better understand CIRI’s business and investments. Annual Report financial statements can be difficult to understand. This guide explains key parts of the financial statements that are on pages 26-30 of CIRI’s 2012 annual report. The consolidated financial statements include:
  • Consolidated Balance Sheets
  • Consolidated Statements of Operations
  • Consolidated Statements of Other Comprehensive Income
  • Consolidated Statements of Changes in Shareholders’ Equity
  • Consolidated Statements of Cash Flows
The consolidated financial statements are accompanied by footnotes that provide additional details about the Company’s financial position, investments and earnings. An independent auditor, KPMG LLP, audits the financial statements and issues opinions as to CIRI’s conformity with generally accepted accounting principles. Following the financial statements and footnotes is CIRI management’s CIRI NL April2013_b.indddiscussion and analysis that provides additional information about the Company’s operations and holdings.