Annual report 2004 (English) - PDF 3546K - Imperial Tobacco

More documents

Recommendations

Info

Economic sales* (in millions of euros) 3,182 3,518 3,385 2002 2003 2004 +3,9% *Sales of Group-produced products plus its margin on logistics activities. Does not include economic sales of products manufactured under license. 2004 economic sales by segment Logistics Cigars 25% 23% 52% NUMBER OF EMPLOYEES Cigarettes 27,400 worldwide EBITDA (in millions of euros) 971 1,113 1,078 2002 2003 2004 +3,3% 2004 economic sales by region Morocco USA Western Europe Other 14 % 6 % 14 % 8 % 23 % 35 % France Other (employees, etc.) Spain SALES +3.9% Logistics Cigars Ownership structure at December 31 2004* 4% 10% Individual investors *Source: Altadis estimate. 86% 2004 EBITDA by segment 23% 19% Institutional investors 58% Cigarettes
Page 1 and 2: Annual Report 2004
Page 6: Contents 2 Message from the Co-Chai
Page 10: ANTONIO VÁZQUEZ ROMERO Co-Chairman
Page 14: At December 31, 2004, it was compri
Page 18: At the last four Annual Meetings, t
Page 22: h BRUNO GERMAIN-THOMAS k ENRIQUE LL
Page 26: Income statement (in millions of eu
Page 30: to the forthcoming General Meeting
Page 34: Group business in 2004 Altadis grew
Page 38: Rounding out the brand portfolio an
Page 42: since, although Italy is Europe’s
Page 48: 22 … Despite the diffi culties en
Page 52: 24 France In 2004, tax pressure inc
Page 56:
26 FORTUNA No. 1 in the Spanish mar
Page 60:
28 Spain Higher revenues The Spanis
Page 64:
30 Other European markets In Wester
Page 68:
32 Italy A locomotive named Fortuna
Page 72:
34 International markets In Morocco
Page 76:
36 OLIVIER BUBBE Director for the A
Page 80:
38 Production Enhancing fl exibilit
Page 84:
40 Research and Development Constan
Page 90:
Chief Operating Offi cer, Cigar Div
Page 94:
Benchmarks A world market trending
Page 98:
9.4 % Increase of sales in dollars
Page 102:
“With DUX, we’ve created a qual
Page 106:
Other countries Cigar sales outside
Page 110:
90 Casa del Habanos worldwide These
Page 116:
56 … The Division’s economic sa
Page 120:
58 General logistics General logist
Page 124:
60 Other logistics services Logista
Page 128:
62 Tobacco logistics Tobacco logist
Page 134:
Social and environmental responsibi
Page 138:
Altadis Group employees at December
Page 142:
as a key aspect of its social polic
Page 146:
ISO 14001: continuing the certifi c
Page 150:
Prevention of accidental leakages T
Page 154:
Supporting research and ensuring co
Page 158:
Relations with local communities As
Page 162:
Debates: plural vision Through a se
Page 166:
France: 182-188, avenue de France -
Page 170:
Altadis, S.A. and Dependent Compani
Page 178:
Altadis Group 2004 Financial Inform
Page 182:
Page 186:
Lastly, when the Parent Company dir
Page 190:
Depreciation Rate (%) Structures 2-
Page 194:
h) Inventories Inventories of raw m
Page 198:
and not yet exercised were acquired
Page 202:
6. Tangible fixed assets The variat
Page 206:
a) Holdings in associated companies
Page 210:
In order to adjust the acquisition
Page 214:
) Negative consolidation difference
Page 218:
13. Shareholders’ equity The vari
Page 222:
14. Minority interests The variatio
Page 226:
16. Payable to credit institutions,
Page 230:
17. Other accounts payables The det
Page 234:
The average number of the Group’s
Page 238:
20. Balances and transactions with
Page 242:
21. Contribution of Group companies
Page 246:
23. Other disclosures Directors’
Page 250:
Detail of directors’ equity inter
Page 254:
The aforementioned plan is currentl
Page 258:
Page 264:
130 Altadis Group 2004 Financial In
Page 268:
Page 272:
Page 276:
Page 280:
Page 284:
Page 288:
Page 292:
Page 296:
Page 300:
Page 304:
Altadis, S.A. Index 152 Auditors’
Page 312:
Altadis, S.A. 2004 Financial Inform
Page 316:
Page 320:
4. Valuation standards The main val
Page 324:
e) Deferred charges The balance of
Page 328:
Also, the Company records the appro
Page 332:
The most significant additions in 2
Page 336:
Page 340:
As of December 31, 2004, the balanc
Page 344:
12.Provisions for contingencies and
Page 348:
Credits As of December 31, 2004, th
Page 352:
The 2004 corporate income tax charg
Page 356:
The average number of permanent emp
Page 360:
The main purchase and expense trans
Page 364:
The total salary compensation recei
Page 368:
Page 374:
186 Altadis, S.A. 2004 Financial In
Page 378:
188 Altadis, S.A. 2004 Financial In
Page 384:
192 Altadis, S.A. 2004 Corporate Go
Page 388:
Page 392:
Page 396:
Page 400:
Page 404:
Page 408:
Page 412:
Page 416:
Page 420:
Page 424:
Page 428:
Page 432:
Page 436:
Page 440:
Page 444:
Page 448:
Page 452:
Page 456:
Page 460:
Page 464:
Page 468:
show all

Annual report 2004 (English) - PDF 3546K - Imperial Tobacco

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?