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

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9.4 % Increase of sales in dollars in the United-States In machine-rolled, homogenized-wrapper cigars, Altadis USA’s two fl agship brands, Phillies and Havatampa, built on their successes registered in 2003. Their sales continued to climb thanks to a vigorous innovation and marketing policy. The excellent results of Backwoods have reinforced Altadis USA’s leadership position 47
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Annual Report 2004
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Economic sales* (in millions of eur
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2 Message from the Co-Chairmen “W
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4 Corporate Governance The Altadis
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6 Compensation and Appointments Com
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8 Group Management Committee c a b
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10 Overview of fi ve successful yea
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12 Share performance and investor r
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14 Cigarettes ECONOMIC SALES +6.8%
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16 Acquisitions Three new steps in
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18 Etinera key figures • 228 empl
Page 46: BRUNO GERMAIN-THOMAS Chief Operatin
Page 50: Benchmarks World market trends The
Page 54: Price increases In France, the aver
Page 58: LIONEL HEUZÉ Cigarette Marketing a
Page 62: Spain The Spanish market also poste
Page 66: Germany Gauloises Blondes, our key
Page 70: SMART +31.6% Sales increase in Finl
Page 74: Marquise, number-one in the Morocca
Page 78: The Caucasus A niche strategy for G
Page 82: Poland The country’s entry into t
Page 86: In 2004, experiments began in Moroc
Page 92: 44 … Altadis USA remained the ben
Page 96: 46 United States Leader in the most
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
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Prevention of accidental leakages T
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Supporting research and ensuring co
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Relations with local communities As
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Debates: plural vision Through a se
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France: 182-188, avenue de France -
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Altadis, S.A. and Dependent Compani
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Altadis Group 2004 Financial Inform
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Lastly, when the Parent Company dir
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Depreciation Rate (%) Structures 2-
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h) Inventories Inventories of raw m
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and not yet exercised were acquired
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6. Tangible fixed assets The variat
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a) Holdings in associated companies
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In order to adjust the acquisition
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) Negative consolidation difference
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13. Shareholders’ equity The vari
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14. Minority interests The variatio
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16. Payable to credit institutions,
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17. Other accounts payables The det
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The average number of the Group’s
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20. Balances and transactions with
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21. Contribution of Group companies
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23. Other disclosures Directors’
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Detail of directors’ equity inter
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The aforementioned plan is currentl
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130 Altadis Group 2004 Financial In
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Altadis, S.A. Index 152 Auditors’
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Altadis, S.A. 2004 Financial Inform
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4. Valuation standards The main val
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e) Deferred charges The balance of
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Also, the Company records the appro
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The most significant additions in 2
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As of December 31, 2004, the balanc
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12.Provisions for contingencies and
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Credits As of December 31, 2004, th
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The 2004 corporate income tax charg
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The average number of permanent emp
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The main purchase and expense trans
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The total salary compensation recei
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186 Altadis, S.A. 2004 Financial In
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188 Altadis, S.A. 2004 Financial In
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192 Altadis, S.A. 2004 Corporate Go
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Annual report 2004 (English) - PDF 3546K - Imperial Tobacco

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