Annual report & review 2006 - Shopic.com

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Our brands Partner to entrepreneurial food retailers and foodservice professionals In the Republic of Ireland and Northern Ireland SuperValu – our 218 independently-owned SuperValu stores differentiate through strength in fresh food, a consistent keen value offer, relationships with local suppliers and the expertise of our retailers. Centra – the number one independent convenience retail chain in Ireland – 490 stores delivering fresh food, food-to-go and innovative services to busy consumers. DayToday and Daybreak – two chains of independently owned convenience stores in both the Republic of Ireland and Northern Ireland. We currently partner retailers in 172 DayToday stores and 94 Daybreak stores. Musgrave Cash & Carry – we provide delivered retail and cash & carry services to more than 34,000 customers from 11 depots in both the Republic of Ireland and Northern Ireland. Musgrave Foodservices – the first company offering a full multi-temperature range of products for the professional caterer across the 32 counties of Ireland. Turnover by our brands* (€ millions) Northern Ireland €654 Spain €113 Republic of Ireland €3,697 In Great Britain Budgens and Londis – there are 74 company owned Budgens stores, 108 independently owned Budgens stores and in excess of 1,900 independently owned Londis stores. It is planned that all Budgens corporate stores will be in independent ownership by 2008. Great Britain €2,624 In Spain Dialsur, SuperValu, Dialprix and Dicost – the Group’s Spanish operation consists of 18 SuperValu stores as well as cash & carry outlets and convenience stores. * Estimated total sales by retail partners along with sales from cash & carry outlets
Musgrave at a glance 4 Our Chairman’s statement 7 Interview with our Group CEO 8 Review of 2006 14 Retailers & local suppliers 22 Consumers & communities 32 Responsibility – our CSR policies 38 Summary directors’ report 44 Our board of directors 46 Finance review 49 Summary financial statements 52 Notes to summary financial statements 55 Our industry awards 2006 67 Contents
Page 1: Annual report & review 2006
Page 5 and 6: Musgrave at a glance hoW Do We SouR
Page 7 and 8: Our Chairman’s statement WoRkING
Page 9 and 10: Interview with our Group CEO Making
Page 11 and 12: Interview with our Group CEO orderi
Page 13 and 14: Interview with our Group CEO exciti
Page 15 and 16: Review of 2006 This is a year in wh
Page 17 and 18: Our business is all about respondin
Page 19 and 20: Review of 2006 Our innovative Marke
Page 21 and 22: Review of 2006 Our business in Grea
Page 23 and 24: Different & better - retailers & lo
Page 29 and 30: Budgens Virginia Quay Providing a h
Page 33 and 34: Different & better - consumers & co
Page 39 and 40: to meet international best practice
Page 41 and 42: Musgrave Group head office, Cork 41
Page 43 and 44: Responsibility charitable support A
Page 45 and 46: accordance with management’s auth
Page 47 and 48: Our board of directors peter Musgra
Page 49 and 50: Results Turnover amounted to €4,5
Page 51 and 52: Finance review Taxation The effecti
Page 53 and 54:
Summary financial statements CONSOL
Page 55 and 56:
Summary financial statements Notes
Page 57 and 58:
Summary financial statements 5 Taxa
Page 59 and 60:
Summary financial statements 10 Ban
Page 61 and 62:
Summary financial statements 15 Rec
Page 63 and 64:
Summary financial statements Analys
Page 65 and 66:
Summary financial statements Moveme
Page 67 and 68:
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