<p><em>The main idea of this paper is to check the level of disclosure in the annual statements of Georgian companies and to assess the speculated effect of various company peculiarities on the amount of either voluntary or mandatory disclosure. A disclosure list containing 35 items were established to check the amount of disclosure in the 2018 annual statements of 50 firms. The relationship between the amount of disclosure and various firm peculiarities was analyzed by the means of Ordinary Least Square regression. </em></p>