Thorn-EMI 1995 Annual Report

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lnvestih$ in tomorrow's world... CRL turnover by reglon New horizons in technology innovation In three years, our research centre - CRL - has fundamentally changed direction. It now operates as a research and development business, pursuing the most appropdate commercial routes for exploiting its innovations and know-how. Tl.ris concept closely links research rvith market opportunity whether through licensing or marketing its new technologies, or through other forms ofthird party collaboration. It has created a strongly commercial research operation - sales outside THORN EMI last year rose by 170 per ln on€ of thes€'identiGal' images a CRt-invented technique har embedded a Gode, invi5ible to the naked eye.ln both movlng and itill imager, the code is repli
Caring for our communities and the environment Contrlbutiont from worldwide activities Businesses have responsibilities beyond their immediate commercial preoccupations that should not be ignored.THORN EMI recognises that our responsibility extends not only to our shareholders, but also to our stakeholders. The health ofthe communities in which we operate around the world, and the well-being of the environment on which we and future generations depend, rely on sustainable competitive performance and development. In THORN EMI this commitment is reflecte d at every ler-cl of our orgrn r'.r rior. rn a \'-r ictv ofways appropriate to each business, and by the efforts and concern ofour pcople. 'We regard our continuecl business success as being interdependent rvith the cconomic ancl social well-being ofthe conmunities in which we operate.lVe estinate that last year, the value oi the conmunit,v support byTHORN EMI and its businessel, through donations, sponsorships, lund-raising initiatives and practical assistance, exceeded 19.5rr a frgure which cannot take ilto account the time, enthusiasm and involvenrent given bv our cmployees around the u'orld to projects both largc and small, national and local. THORN EMI also belicves that we have a duty to report on cnvironmental issues as part of our financial reporting. Wc are confident that the relationsl-rip bctween a u'ell rnan:rgecl business and good environmental perfbrmance will, in the luture, become a kcf iactor in the overall value ofa company. Therelbre, while continuing to publish a seprrate, detailed Environrneltal Report as we have done in the previous trvo years,l'e give highlights, starting or-r page 2,:1, ofthe continuing progress of ourGroup-wide environmental policy. (above, left) Helping proieds big and rmall - from Australia" Aankria Environmental Edu
Page 1 and 2: accounts
Page 3 and 4: Operating profit
Page 5 and 6: ETHoRN EMt Annual General Meeting T
Page 7 and 8: It is the Remuneration Committee's
Page 9 and 10: (d) On exercise of options the Comp
Page 11: 7. Ordinary Resolution THAT the Dir
Page 14 and 15: Chairman's statement The year was o
Page 16 and 17: Chairman's statement economy and to
Page 18 and 19: Financial review Simon Duffy Group
Page 20 and 21: Financial review Other exceptional
Page 22 and 23: EMI a repeat performance Country su
Page 24 and 25: strong releases Steven Crlftls Chap
Page 26 and 27: increasing Pace of THORN achieved
Page 28 and 29: Reshaping business NewZealand was e
Page 30 and 31: HMV customer-driven performance An
Page 34 and 35: A ta rg eted programme of community
Page 36 and 37: Prog ress towa rds env:ronmental im
Page 38 and 39: controlling key impacts CO, emifted
Page 40 and 41: Board of Directors Sir Colin Southg
Page 42 and 43: Directors'Report for the year ended
Page 44 and 45: Directors' Report The internal cont
Page 46 and 47: Auditors'report Report of the Audit
Page 48 and 49: Accounting policies Depreciation of
Page 50 and 51: Consolidated profit and loss accoun
Page 52 and 53: Group Fixed arsetr Music publis
Page 54 and 55: Statement of total recognised galns
Page 56 and 57: Notes to the accountr 2. Analysis o
Page 58 and 59: Notes to the accounts 8. Exceptlona
Page 60 and 61: Noter to the accounts I l.Tanglble
Page 62 and 63: Notes to the accounts 12, Flxed ass
Page 64 and 65: Notes to the account3 15. lnvestmen
Page 66 and 67: Noter to the accounts 16. Borrowing
Page 68 and 69: Notes to the accounts of changer i
Page 70 and 71: Notes to the a(counts 23.5hare capi
Page 72 and 73: NoteJ to the accounts 26. tinancial
Page 74 and 75: Notes to the accounts 29, Dispotal
Page 76 and 77: Notes to the a(counts 3O. Purchase
Page 78 and 79: Notes to the accounts 32. Directors
Page 80 and 81: Notes to the accounts 32. Directors
Page 82 and 83:
Notes to the accounts 32. Directors
Page 84 and 85:
Notes to the a
Page 86 and 87:
Notes to the a(counts 32, Directors
Page 88 and 89:
Five year summary for the years to
Page 90 and 91:
lnvestor information Financial cale
Page 92 and 93:
Tlte nz,er and bus;flut otnlaieu pa
Page 95 and 96:
"The British music scene is enioyin
Page 97 and 98:
From {\ "Alternative music is quick
Page 99:
iii0 . ,'.' H'] .I . ar
Page 103 and 104:
develop a unique catalogue of recor
Page 105:
thc,rcore,rudielceorlttr,rctrl,rrge
Page 109 and 110:
to ownership opportunity. The intro
Page 111 and 112:
to idcntif,v and exploit synerg-r;
Page 113 and 114:
Curtomer 5atisfa
Page 115:
Street, HMV's UK 1-lagship store re
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Thorn-EMI 1995 Annual Report

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