Submitted by: Submitted by Nancyzheng
Views: 329
Words: 61137
Pages: 245
Category: Business and Industry
Date Submitted: 06/23/2014 07:47 AM
annual report 2012/13
Page heading
Page Title
1
2012/2013 Annual Report
Table of contents
4 7 8 12
Financial Highlights Chairman’s Letter Chief Executive Officer’s Letter Executive Team
Great Brand, Great Company 68 71 Burberry Beyond Our People
Corporate Governance Brand, Business, Culture 17 18 20 Brand Business Culture 76 78 82 93 Board of Directors Directors’ Report Corporate Governance Report Directors’ Remuneration Report
Burberry Group Overview 25 26 27 28 Diversified Business Model Channel Mix Broad Geographic Portfolio Diversified Product Mix
Financial Statements 106 107 108 109 Statement of Directors’ Responsibilities Independent Auditors’ Report to the Members of Burberry Group plc Group Income Statement Group Statement of Comprehensive Income Group Balance Sheet Group Statement of Changes in Equity Group Statement of Cash Flows Notes to the Financial Statements Five Year Summary Independent Auditors’ Report to the Members of Burberry Group plc Company Balance Sheet Notes to the Company Financial Statements Shareholder Information Executive Team
Strategic Themes 32 36 40 44 48 Leverage the Franchise Intensify Accessories Accelerate Retail-Led Growth Invest in Under-Penetrated Markets Pursue Operational Excellence
110 111 112 113 154 156 157
Financial Review 54 60 Group Financial Highlights Principal Risks
158 162 164
3
Financial Highlights
Strong Results
Total revenue (Year to 31 March)
Retail revenue (Year to 31 March)
£1,999m
2013 2012 2011 2010 2010* 2009 1,999 1,857 1,501 1,185 1,280 1,202
£1,417m
2013 2012 2011 2010 2010* 2009 1,417 1,270 962 710 749 630
Wholesale revenue (Year to 31 March)
Adjusted operating profit (Year to 31 March)
£473m
2013 2012 2011 2010 2010* 2009 473 478 441 377 434 489
£428m
2013 2012 2011 2010 2010* 2009
Adjusted operating profit is stated before exceptional items. Reported operating profit £346m (2012: £377m)
428 377 301 220 220 181
2009 and 2010* include the results of the discontinued...