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Shaftesbury AR 2017 LR

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Strategic report Overview<br />

1 <strong>Shaftesbury</strong> in numbers<br />

2 Highlights<br />

4 Chairman’s statement<br />

7 Chief Executive's statement<br />

11 Our business model: how we create and deliver value<br />

12 Exceptional portfolio in the heart of London's west end<br />

21 Focus on restaurants, leisure and retail<br />

22 Creating distinctive, lively and interesting destinations<br />

26 How we measure success<br />

28 Sustainability and stakeholders<br />

Strategic report Annual review<br />

36 Portfolio valuation<br />

40 Leasing and occupancy<br />

48 Portfolio investment<br />

50 Financial results<br />

56 Financial management<br />

59 Risk management<br />

64 Viability statement<br />

Governance<br />

68 Our people<br />

72 Governance at a glance<br />

74 Corporate Governance<br />

80 Nomination Committee report<br />

82 Audit Committee report<br />

86 Remuneration report<br />

89 Remuneration at a glance<br />

90 Summary of remuneration policy<br />

92 Annual remuneration report<br />

102 Directors’ report<br />

104 Directors’ responsibilities<br />

105 Independent auditor’s report<br />

Financial statements<br />

114 Group statement of comprehensive income<br />

115 Balance sheets<br />

116 Cash flow statements<br />

117 Statements of changes in equity<br />

118 Notes to the financial statements<br />

Other information<br />

140 Alternative Performance Measures (APMs)<br />

142 Portfolio analysis<br />

142 Basis of valuation<br />

144 Summary report by the valuers<br />

146 Shareholder information<br />

147 Glossary of terms

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