Annual report 2010 - Imperial Tobacco Group

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Shareholder Information continuedStrategy Performance Governance FinancialsFinancial Calendar and DividendsHalf year results are expected to be announced in May 2011 and the full year’s results in November 2011.The Annual General Meeting of the Company is to be held on Wednesday 2 February 2011 at the Bristol Marriott HotelCity Centre. The Notice of Meeting and explanatory notes about the resolutions to be proposed are set out in the circularenclosed with this report.Dividends are generally paid in August and February. Payment of the 2010 final dividend, if approved, will be on 18 February 2011to shareholders on the register at the close of business on 21 January 2011. The associated ex dividend date is 19 January 2011.Shareholders who do not currently mandate their dividends and who wish to do so should complete a mandate instructionform obtainable from Equiniti, at the address shown.Share Dealing ServiceA low cost, execution-only share-dealing service for the purchase and sale of Imperial Tobacco Group PLC shares isavailable from NatWest Stockbrokers. NatWest Stockbrokers is authorised and regulated by the Financial Services Authorityand is a member of the London Stock Exchange and PLUS. For details, please contact NatWest Stockbrokers, PremierPlace, 2 1 /2 Devonshire Square, London EC2M 4BA, telephone: 0870 600 3070.Individual Savings Account (ISA)Investors in Imperial Tobacco Group PLC ordinary shares may take advantage of a low cost Individual Savings Account (ISA)and Investment Account where they can hold their Imperial Tobacco Group shares electronically. The ISA and InvestmentAccount are operated by Equiniti Financial Services Limited. Commission starts from £5.00 and £1.75 respectively for thesale and purchase of shares.For a brochure or to apply for an Investment Account or ISA go online to www.shareview.co.uk/dealing or call Equiniti on0845 300 0430.Dividend Reinvestment Plan (DRIP)Imperial Tobacco Group PLC has set up a dividend reinvestment plan (DRIP) to enable shareholders to use their cash dividendto buy further shares in the market. Further information can be obtained from Equiniti, Aspect House, Spencer Road, Lancing,West Sussex BN99 6DA, telephone: 0871 384 2268* (+44 (0)121 415 7173) or online at www.shareview.co.uk.* calls to this number will be charged at 8p per minute from a BT landline. Mobile and other providers’ charges may vary.American Depositary Receipt FacilityImperial Tobacco Group PLC ordinary shares are traded on the OTCQX International Premier platform in the form ofAmerican Depositary Shares (ADSs) using the symbol “ITYBY”. Each ADS represents two Imperial Tobacco Group PLCordinary shares. The ADS facility is administered by Citibank, N.A. and enquiries should be directed to them at theaddress shown.WebsiteInformation on Imperial Tobacco Group PLC is available on our website: www.imperial-tobacco.com.Equiniti also offers a range of shareholder information online. You can access information on your holdings, indicative shareprices and dividend details and find practical help on transferring shares or updating your details at www.shareview.co.uk.160
IndexAAccounting Policies 103Acquisitions 151Adjusted Earnings Per Share 22Adjusted Measures 108Africa 38Altadis 45American DepositaryReceipts/Shares 159, 160Americas 37Analysis of Net Debt 150Annual General Meeting 72, 160Asia 39Audit Committee 70AuditorsRemuneration 71, 114Report 97, 152Australia 38Austria 35BBalance Sheet (Consolidated) 100Balance Sheet (Parent) 153Balances and Transactions withAssociates and Joint Ventures 151Belgium 35Board Committees 59Board of Directors 56Borrowings and DerivativeFinancial Instruments 123Brand Equity 8, 12Business Overview 1CCash and Cash Equivalents 123Cash Conversion Rate 24Cash Flows fromOperating Activities 150Cash Flow Statement 102Cash Utilisation 9, 24Chairman’s Statement 4Chief Executive’s Committee 61Chief Executive’s Review 6Cigarette Volumes 23Commitments 149Consumer Centric 9, 16, 44ContentsIFCCorporate Governance Report 58Corporate Responsibility 41Anti-Illicit Trade 49Assurance and Verification 41Business Integrity 48Community Involvement 52Employee Developmentand Engagement 45Environmental Performance 46Occupational Health andSafety Management 46Product Quality 44Product Stewardship andPortfolio Management 44Regulatory Engagement 50Responsible Salesand Marketing 44Social Assessment andHuman Rights 51Stakeholder Panel 51Supplier Relationships 51Cost Optimisation 9, 24Creditor Payment Policy 74Critical Accounting Estimatesand Judgements 110Czech Republic 35DDeferred Tax Assets and Liabilities 139DirectorsBiographies 56Interests in Shares 83Pensions 93Remuneration 78Responsibilities 74Directors and Employees 115Directors’ ReportGovernance 54Other Information 73Performance 28Strategy 6Disclosure Committee 69Dividend Reinvestment Plan (DRIP) 160Dividends 30, 73, 117EEarnings Per Share 28, 118Employees 75, 115Excise Duty 26Execution Excellence 9, 18, 44FFinancial Calendar 160Financial Highlights 2Financial Review 28Financial Statements 96France 35Future Foundations 9, 20, 48GGermany 33Governance 54Greece 35Group Performance 28IIllicit Trade 26Income Statement 98Intangible Assets 119Inventories 122Investments in Associatesand Joint Ventures 122Ireland 35Italy 35KKey Performance Indicators 22, 31LLaos 39, 49Legal Proceedings 110, 149Litigation 27, 76Logistics 39MMarket Footprint 8, 10Middle East 38Morocco 38NNet Finance Costs 116Netherlands 35New Zealand 39Nominations Committee 63Non-Financial Performance Indicators 53Notes to the Financial Statements 112Notes to the Imperial TobaccoGroup PLC Balance Sheet 154OOperating Review 32Operational Highlights 3PPeople 8, 14Pensions 93Poland 35Portugal 36Principal Risks and Uncertainties 25Principal Subsidiaries 157Profit Before Taxation 114Property, Plant and Equipment 121Provisions 144RReconciliation of Cash Flow toMovement in Net Debt 151Registrars 159Regulation 26, 50Remuneration Committee 78Remuneration Report 78Rest of EU 35Rest of the World 38Restructuring Costs 115Retirement Benefit Schemes 107, 141Russia 38SSales Growth 9, 23Saudi Arabia 38Segment Information 112Share Capital 73, 144Shares 148Share Schemes 145Shareholder Information 159Spain 34Statement of Changes in Equity 101Statement of ComprehensiveIncome 99Strategic Review 9Strategy 6, 9TTaiwan 38Taxation 30, 116Tobacco AdjustedOperating Margin 24Tobacco Net Revenue 23Total Shareholder Return 5, 22Total Tobacco 8, 11Trade and Other Payables 123Trade and Other Receivables 123Travel Retail 34Turkey 38UUkraine 38United Kingdom 32United States of America 37WWhite Stick Equivalent Volumes 23
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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
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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 and 160: Principal SubsidiariesThe principal
Page 161: Shareholder InformationRegistered O
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Annual report 2010 - Imperial Tobacco Group

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