Which of the following is/are included in the Annual Report of a company?

Both 1 and 2

Option-1 Basic financial statements, viz., Balance Sheet, Statement of Profit and Loss and Cash Flow Statement
Option-2 Carries management’s discussion of corporate performance of the year under review for futuristic prospects.
So, correct ans is both options.
An annual report contains basic financial statements, viz., Balance Sheet, Statement of Profit and Loss and Cash Flow Statement. It also carries management’s discussion of corporate performance of the year under review for futuristic prospects.