Annual report 2010 - Imperial Tobacco Group

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Principal Subsidiaries continuedIncorporated overseas, wholly owned continuedName and country of incorporationPrincipal activitySociété Nationale d’Exploitation Industrielledes Tabacs et Allumettes S.A., FranceManufacture, marketing and sale of tobacco products in Franceand export of tobacco productsSupergroup S.A.S., FranceWholesale distribution in FranceTobaccor S.A.S., FranceHolding investments in subsidiary companies involved in themanufacture, marketing and sale of tobacco products in AfricaTobač na Ljubljana d.o.o., SloveniaMarketing and sale of tobacco products in SloveniaVan Nelle Tabak Nederland B.V., Netherlands Manufacture, marketing and sale of tobacco products inthe Netherlands800 JR Cigar Inc., United States of America Holding investments in subsidiary companies involved in the saleof cigars in the United States of AmericaStrategy Performance Governance FinancialsIncorporated overseas, partly ownedName and country of incorporationPrincipal activityPercentageowned 1Altadis Polska S.A., Poland Manufacture of tobacco products in Poland 99.97ZAO Balkanskaya Zvezda, Russia Manufacture of tobacco products in Russia 99.9Imperial Tobacco Production Ukraine, Ukraine Manufacture of cigarettes in Ukraine 99.8Imperial Tobacco TKS a.d., MacedoniaManufacture, marketing and sale of tobacco products 99.1in MacedoniaReemtsma Kyrgyzstan OJSC, KyrgyzstanManufacture, marketing and sale of tobacco products 98.6in KyrgyzstanSociété Ivoirienne des Tabacs S.A. 2 , Ivory Coast Manufacture, marketing and sale of tobacco productsin the Ivory Coast74.1Incorporated overseas, joint venturesName and country of incorporationPrincipal activityPercentageowned 1Altabana S.L., SpainHolding investments in subsidiary companies involved 50.0in the marketing and sale of Cuban cigarsCorporación Habanos S.A., Cuba Export of cigars manufactured in Cuba 50.0PartnershipsThe Group wholly owns the following partnership:Name and countryImperial Tobacco (EFKA) GmbH & Co. KG, GermanyPrincipal place of business: Industriestrasse 6,Postfach 1257, D-78636 Trossingen, GermanyPrincipal activityManufacture of tubes in GermanyThe subsidiaries listed above were held throughout the year.The consolidated Group financial statements include all the subsidiary undertakings and entities shown above. With theexception of Imperial Tobacco Holdings (2007) Limited, which is wholly owned by the Company, none of the shares in thesubsidiaries is held by the Company. A full list of subsidiaries is attached to the Annual Return of the Company.1 The percentage of issued share capital held by immediate parent and the effective voting rights of the Group is the same except for Imperial Tobacco ItaliaSrl where the entire share capital, and therefore 100 per cent of the voting rights, are held by a number of Group companies.2 Listed on the Stock Exchange of the Ivory Coast.158
Shareholder InformationRegistered OfficePO Box 244Upton RoadBristol BS99 7UJ+44 (0)117 963 6636Registered in England and Wales No: 3236483RegistrarsEquinitiAspect HouseSpencer RoadLancingWest Sussex BN99 6DA0871 384 2037*+44 (0)121 415 70090871 384 2255* text phone for shareholders with hearing difficulties* calls to this number will be charged at 8p per minute from a BT landline. Mobile and other providers’ charges may vary.Lines open 8:30am to 5:30pm, Monday to Friday.ADR DepositaryShareholder Services for ADR HoldersCitibank Shareholder ServicesPO Box 43077Providence, RI 02940-3077USAToll-free number in the USA:1-877-CITI-ADR (877-248-4237)email: citibank@shareholders-online.comStockbrokersRBS Hoare Govett Limited135 BishopsgateLondon EC2M 3UR+44 (0)20 7678 8000Morgan Stanley & Co International Limited20 Bank StreetCanary WharfLondon E14 4AD+44 (0)20 7425 8000AuditorsPricewaterhouseCoopers LLPChartered Accountants and Statutory Auditors31 Great George StreetBristol BS1 5QDLawyersAllen & Overy LLPOne Bishops SquareLondon E1 6ADAshurst LLPBroadwalk House5 Appold StreetLondon EC2A 2HA159
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Imperial Tobacco Group PLCAnnual Re
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…to deliver sustainableshareholde
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Operational HighlightsDelivering Su
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and product portfolio to evolving c
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In this section9 Strategic Review10
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Our StrategyWe are focused on deliv
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Total Tobacco5 % Our Powerful Brand
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Our global strategic cigarette bran
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Our global team is fully aligned be
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Satisfying consumers and aligning o
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We are a responsive business with s
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Operating responsibly, combined wit
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Our growth drivers of sales growth,
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Principal Risks and UncertaintiesA
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Competition LawOverviewWe take comp
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Reconciliation of Adjusted Performa
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Key Performance Indicators (KPIs) 1
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Lambert & Butler and Richmond remai
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Within this the travel retail marke
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OutlookThe strength of our portfoli
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Blondes. In the Middle East, we aga
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Corporate ResponsibilityOur Corpora
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Corporate Responsibility and our St
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We have revised our IMS and employe
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Environmental Performance 1Absolute
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across the business. More informati
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Supplier RelationshipsOur main supp
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Non-financial performance indicator
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“High standards of corporategover
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5. Pierre Jungels, CBE (HON), PHD,
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Management and Corporate StructureB
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Meetings of the Board, Board Commit
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and supplemented by our Non-Executi
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6 Performance evaluation: How do we
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The Board recognises that we operat
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Assurance process for financial rep
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- receiving reports from, and quest
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Directors’ Report: Other Informat
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- state whether IFRSs as adopted by
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We understand that a purported coll
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This Report covers the following:1
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2 Directors’ Emoluments for the Y
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Directors’ Interests in Ordinary
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Executive Directors’ Service Agre
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When setting base salary the Remune
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First ElementFifty per cent of the
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In respect of the October 2007 - Oc
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Any annual bonus earned up to 100 p
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Benefit Trusts have also been provi
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Independent Auditors’ Reportto th
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Consolidated Statement ofComprehens
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Consolidated Statement of Changes i
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Accounting PoliciesBasis of Prepara
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Duty and Similar ItemsDuty and simi
Page 109 and 110: InventoriesInventories are stated a
Page 111 and 112: Restructuring CostsSignificant one-
Page 113 and 114: Property, Plant and Equipment and I
Page 115 and 116: Tobacco net revenue£ million 2010
Page 117 and 118: 3 Restructuring Costs£ million 201
Page 119 and 120: Factors affecting the tax charge fo
Page 121 and 122: 9 Intangible Assets2010£ million G
Page 123 and 124: 10 Property, Plant and Equipment201
Page 125 and 126: 13 Trade and Other Receivables2010
Page 127 and 128: Sensitivity analysisIFRS 7 requires
Page 129 and 130: At 30 September 2009Balance sheetam
Page 131 and 132: (iii) Currency analysis and effecti
Page 133 and 134: (iv) Derivative financial instrumen
Page 135 and 136: Matures in financial year ending in
Page 137 and 138: The following tables are provided i
Page 139 and 140: Matures in financial year ending in
Page 141 and 142: (vi) Hedge of net investments in fo
Page 143 and 144: 18 Retirement Benefit SchemesThe Gr
Page 145 and 146: Assumptions regarding future mortal
Page 147 and 148: 21 Share SchemesThe Group recognise
Page 149 and 150: Year from 1 October 2008 to 30 Sept
Page 151 and 152: 23 CommitmentsCapital commitments£
Page 153 and 154: 27 Reconciliation of Cash Flow to M
Page 155 and 156: Imperial Tobacco Group PLC Balance
Page 157 and 158: (iii) Debtors: Amounts Falling Due
Page 159: Principal SubsidiariesThe principal
Page 163 and 164: IndexAAccounting Policies 103Acquis
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Annual report 2010 - Imperial Tobacco Group

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