This study aimed to identify the impact of voluntary disclosure components (general, strategic, financial and non - financial information) in enhancing confidence and credibility in the annual reports of Libyan companies and banks. A questionnaire on the sample of the study, which is represented by the authorities responsible for following up the level of disclosure in the annual reports published for Libyan companies and banks, users and beneficiaries of these reports, in addition to financial brokerage companies. This study relied on the analytical approach. The study reached several results, the most important of which are: There is a positive, significant, statistically significant effect between voluntary disclosure of strategic information, financial and non - financial information, and the enhancement of confidence and credibility in the annual reports of Libyan companies and banks. 

Keywords: Voluntary disclosure, trust, financial reports.