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Annual Report 2005 - Contents
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Year at a Glance 1 Chairman’s Statement 2 Background to the Group and its Products and Markets 5 Chief Executive’s Review 6 Financial Review 12 The Board of Directors 14 Directors’ Report 16 Corporate Governance Statement 18 Directors’ Remuneration Report 20 Statement of Directors’ Responsibilities (group) 24 Independent Auditors’ Report on the Group Financial Statements 25 Consolidated Income and Expenditure Statement 27 Consolidated Statement of Total Recognised Income and Expenses 27 Consolidated Balance Sheet 28 Consolidated Cash Flow Statement 29 Notes to the Consolidated Financial Statements 30 Statement of Directors’ Responsibilities (company) 52 Independent Auditors Report on the Company Financial Statements 53 Company Balance Sheet 54 Notes to the Company Financial Statements 55 Five Year Review 58 Advisors 59 Contents Inspiring our people to be The Experts in Power delivering genuine value to our customers. T H E X P E R T S I N P O W E R