FTSE 100 companies are still struggling with non-financial key performance indicators and forward-looking information in their corporate reports and accounts, despite an overall improvement in the quality and content. With listed businesses still coming to terms with the Business review format, risk factors and data issues are still under reported, according to latest research by Black Sun.

Fifty-six percent of firms stated financial KPIs, up from 19 per cent three years ago. Non-financial KPIs are now reported by 39 per cent. Among those stating KPIs, 60 per cent link them to corporate strategy with 66 per cent providing supporting definitions.

Building on its review of “The First 23” (Data Strategy, October 2006), the corporate reports agency looked at trends in company accounts ahead of the publication of year-end statements. It found that 94 per cent discuss strategy, up from 74 per cent in 2004.