How to read annual report and management analysis?

Dear Mahesh
Recently I opened a thread, designed to cover from investment philosophy, financials, moat, management, valuation all.
Currently I am at stage of explaining financials.

Do let me know if you want to see something else.
Saying that my knowledge is only 20-30%, I must admit…probably less than that.
By the way Merril Lynch had launched a “how to read financials”…on US style financials.
http://e145.stanford.edu/upload/Merrill_Lynch.pdf
There are few good books as well, the problem is academic heavy. Please let me know, I can reply back with names.
Regards
Suvi

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