Final answer:
The component of an annual report that represents an unqualified opinion is the auditor's report.
Step-by-step explanation:
The component of an annual report that represents an unqualified opinion is the auditor's report. An unqualified opinion is given when the auditor concludes that the financial statements present a true and fair view of the company's financial position and performance. The auditor's report provides an independent assessment of the company's financial statements, giving investors and stakeholders confidence in the reliability of the information.