Annual Reports Key Sections Corpora 2003 to 2017

UK Annual Reports Key Sections Plain text content extracted from an
initial sample of 31,464 annual reports published between January 2002 and
December 2017 by firms listed on the London Stock Exchange (LSE). Annual
reports provided as PDF files are processed using the CFIE-FRSE tool
downloadable from https://github.com/drelhaj/CFIE-FRSE and described in
the companion paper available at http://ssrn.com/abstract=2803275. The
tool processed 26,284 reports from the initial sample (83.5%). The final
sample includes reports published by financial and non-financial firms
listed on either the LSE Main Market or the Alternative Investment Market
(AIM). The document table of contents (TOC) forms the basis of extraction
for 15,883 reports (approximately 60%); pre-existing document bookmarks
are used to process the remaining 10,401 reports. The CFIE-FRSE tool
partitions annual reports into the “front-end” narratives component and
the “back-end” financials component (including the auditor’s report,
mandatory financial statements and associated footnotes, and miscellaneous
disclosures). We further partition the narratives component into a set of
commonly occurring annual report sections that feature prominently in
prior research. These narrative subsections (together with the auditor’s
report) are numbered 1-12 and described in more detail in the following
table. Text extracts are provided by report calendar year in separate
files of one-million words for each core section 1-12. All extracted
content is provided for the pooled set of reports processed using TOC (N =
15,883) to ensure classification consistency across reports.
[HeaderType]----[Annual report corpora]----[ Number of reports ]----[
Number of firms ]----[ Number of words] [1]----[Letter from board
chair]----[ 14,032 ]----[ 2,752 ]----[ 15,389,643 ] [2]----[CEO
review]----[ 7,160 ]----[ 1,640 ]----[ 13,947,211 ] [3]----[Governance
statement]----[ 12,766 ]----[ 2,500 ]----[ 43,695,127 ]
[4]----[Remuneration report]----[ 12,725 ]----[ 2,269 ]----[ 39,668,122 ]
[5]----[Business review]----[ 2,689 ]----[ 795 ]----[ 8,674,686 ]
[6]----[Financial review]----[ 8,460 ]----[ 1,686 ]----[ 20,013,680 ]
[7]----[Operating review]----[ 2,819 ]----[ 794 ]----[ 7,008,451 ]
[8]----[Highlights]----[ 11,099 ]----[ 2,082 ]----[ 3,750,407 ]
[9]----[Auditors report]----[ 15,038 ]----[ 2,884 ]----[ 19,036,357 ]
[10]----[Risk management]----[ 4,715 ]----[ 1,090 ]----[ 11,781,738 ]
[11]----[Chairman’s governance introduction]----[ 1,137 ]----[ 430 ] ----[
1,338,304 ] [12]----[CSR disclosures]----[ 6,630 ]----[ 1,148 ]----[
12,948,932 ] [2+5+6+7]----[Management commentary]----[ 11,507 ]----[ 2,261
]----[ 49,644,028 ] [3+11] ----[Governance commentary]----[ 12,844]----[
2,513]----[ 45,033,431 ] Entire Narratives component (excluding audit
report) [ 15,883 ]----[ 2,925 ]----[ 178,216,301 ] Entire Narratives
component (including audit report) [ 15,883 ]----[ 2,936 ]----[
197,252,658 ]