Full Annual Report - Inchcape
Full Annual Report - Inchcape
Full Annual Report - Inchcape
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<strong>Inchcape</strong> plc<br />
Uniquely positioned industry leader,worldwide<br />
<strong>Inchcape</strong> is a leading independent global<br />
automotive distributor and retailer which owes<br />
its unique position to four key factors:<br />
• A resilient business model<br />
• A relentless commitment to superior<br />
customer service<br />
• A decentralised and empowered organisation<br />
• Significant growth opportunities for the future<br />
<strong>Inchcape</strong> is a leader in 14 of the 26 developed<br />
and emerging markets where it operates.<br />
Contents<br />
Section One<br />
Business review 01-49<br />
Overview<br />
01 Financial highlights<br />
02 Uniquely positioned worldwide<br />
04 Our business at a glance<br />
06 Chairman’s statement<br />
Strategy<br />
10 Group Chief Executive’s strategic review<br />
20 Key performance indicators<br />
22 Operating review<br />
36 Financial review<br />
38 Principal risks<br />
40 Corporate responsibility<br />
Section Two<br />
Governance 50-77<br />
52 Board of Directors<br />
54 Executive Committee<br />
56 Corporate governance report<br />
62 Investor relations<br />
68 Remuneration report<br />
75 Directors’ report<br />
Section Three<br />
Financial statements 78-144<br />
Group financial statements<br />
78 Consolidated income statement<br />
79 Consolidated statement of comprehensive income<br />
80 Consolidated statement of financial position<br />
81 Consolidated statement of changes in equity<br />
82 Consolidated statement of cash flows<br />
83 Accounting policies<br />
90 Notes to the accounts<br />
135 Five year record<br />
136 <strong>Report</strong> of the Auditors – Group<br />
Company financial statements<br />
137 Company balance sheet<br />
138 Accounting policies<br />
139 Notes to the accounts<br />
144 <strong>Report</strong> of the Auditors – Company<br />
Section Four<br />
Shareholder information<br />
Inside back cover<br />
Company details<br />
Financial calendar<br />
Key<br />
More online<br />
More inside
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