interim report

Meaning

An 'interim report' is an official document or financial statement issued by a company or committee during the middle of a financial year or project cycle. It provides a temporary update on progress or financial performance before the final, comprehensive annual report is published.

Examples

• The board of directors reviewed the interim report for the first half of the fiscal year.

  The board of directors reviewed the interim report for the first half of the fiscal year.

• According to the interim report, our quarterly sales have exceeded expectations by ten percent.

  According to the interim report, our quarterly sales have exceeded expectations by ten percent.

• The investigative committee will publish an interim report before releasing their final findings next month.

  The investigative committee will publish an interim report before releasing their final findings next month.

• Shareholders were pleased with the positive outlook presented in the company's latest interim report.

  Shareholders were pleased with the positive outlook presented in the company's latest interim report.

• We need to compile the financial data quickly to finalize the Q2 interim report.

  We need to compile the financial data quickly to finalize the Q2 interim report.

Common Mistakes

• ✗ We will release a temporary report next week.

  ✓ We will release an interim report next week.

  While 'interim' means temporary, 'temporary report' is not standard business terminology. 'Interim report' is the professional collocation for mid-period updates.

• ✗ The committee issued an intermediate report on the project.

  ✓ The committee issued an interim report on the project.

  'Intermediate' refers to a level between two points (e.g., intermediate level). 'Interim' means temporary or provisional, which is the correct term for a mid-stage official report.

Related Expressions

Practice

• The CFO presented the third-quarter ___ to the board yesterday.

  💡 a temporary financial update before the annual report

  Show answer

  interim report

• Before the final results are published in December, we will issue an ___ in August.

  💡 mid-period official update

  Show answer

  interim report