Annual report 2010 - Imperial Tobacco Group

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