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
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T H E X P E R T S I N P O W E R