Punch Taverns plc 2007 Annual Report and Financial Statements

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Company information Registered office Company number Jubilee House 3752645 Second Avenue Burton upon Trent DE14 2WF +44 1283 501600 Advisers Auditors Solicitors Ernst & Young LLP Slaughter and May No. 1 Colmore Square One Bunhill Row Birmingham London B4 6HQ EC1Y 8YY +44 121 535 2000 +44 20 7600 1200 Nominated Adviser & Broker Joint Broker Merrill Lynch International Morgan Stanley & Co International Merrill Lynch Financial Centre 20 Cabot Square 2 King Edward Street Canary Wharf London London EC1A 1HQ E14 4QW +44 20 7996 9777 +44 20 7425 8000 Principal Bankers Registrar Barclays Bank plc Computershare Investor Services plc 15 Colmore Row PO Box 82 Birmingham The Pavilions B3 2EP Bridgwater Road +44 121 480 5562 Bristol BS99 7NH +44 870 702 0000 Financial calendar Q1 Interim Management Statement 16 January 2008 Annual General Meeting 16 January 2008 2006 / 07 final dividend payment 23 January 2008 Half year end 1 March 2008 Interim results announcement May 2008 Interim dividend June 2008 Q3 Interim Management Statement July 2008 Year end 23 August 2008 Preliminary results announcement November 2008 2007 / 08 final dividend payment January 2009 Directors of the Company Peter Cawdron Phil Dutton Mike Foster Ian Fraser Andrew Knight Jonathan Paveley Randl Shure Fritz Ternofsky Giles Thorley Chairman Finance Director Non-executive Director Non-executive Director Managing Director – Spirit Commercial Director Non-executive Director Senior Non-executive Director Chief Executive 102 2 www.punchtaverns.com
The paper used in this report is fully recyclable and meets strict environmental standards. The pulp used to produce the paper derives from well managed sustainable forests and is processed at an ISO 14001, and EMAS accredited mill. Produced by Black Sun Plc +44 (0)20 7736 0011 Photography by Julian Calder Printed by Beacon Press
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Passionate about our pubs Punch Tav
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Punch Taverns: Our Punch Taverns le
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Operational highlights • We conti
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Managed estate: We have significant
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award winning training. Our managed
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Operational review Overview The fin
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Whilst the leased and managed estat
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Passionate about our people ATTRACT
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Corporate social responsibility Com
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Our ‘NITA’ award winning retail
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Results for the year The financial
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Capital expenditure and cash flow T
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purchased by the Group as well as f
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5 8 6 9 7 5 Peter Cawdron Non-execu
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Directors’ report The Directors p
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Punch Taverns plc Annual Report and
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Introduction This report has been p
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Annual bonus Policy: maximum bonus
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Punch Taverns plc Deferred Share Bo
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Directors’ contracts The policy o
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Audited information The total of Di
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Statement of Directors’ responsib
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Consolidated statement of recognise
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Consolidated cash flow statement fo
Page 55 and 56: Company statement of recognised inc
Page 57 and 58: Contents for the notes to the finan
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Page 63 and 64: 2 Segmental analysis The primary se
Page 65 and 66: 3 Analysis of expenses The followin
Page 67 and 68: 7 Employees and Directors continued
Page 69 and 70: 9 Earnings per share continued The
Page 71 and 72: 12 Goodwill and intangible assets O
Page 73 and 74: 14 Trade and other receivables 18 A
Page 75 and 76: 15 Deferred tax continued Company F
Page 77 and 78: 20 Financial liabilities continued
Page 85 and 86: 25 Share-based payments continued D
Page 87 and 88: 25 Share-based payments continued S
Page 89 and 90: 27 Other reserves Group Equity comp
Page 91 and 92: 28 Net debt continued (c) Reconcili
Page 93 and 94: 30 Disposals On 17 September 2006,
Page 95 and 96: 31 Pensions and other post-retireme
Page 97 and 98: 31 Pensions and other post-retireme
Page 99 and 100: 32 Operating lease commitments - mi
Page 101 and 102: 34 Related party transactions conti
Page 103 and 104: Five year financial record Group tr
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Punch Taverns plc 2007 Annual Report and Financial Statements

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