Low & Bonar plc (LWB) 2012年年度报告「LSE」.pdf

1、Annual Report 2012 Business Review 1 Highlights 2 Our Business Model and Value Chain 4 Our Values 5 Our Divisions 6 Our Markets 8 Strategy and KPIs10 Chairmans Statement12 Performance Review 16 Bonar Division18 Technical Coated Fabrics Divi sion20 Yarns Division21 Financial Review22 Principal Risks

2、and Uncertainties24 Corporate Social Responsibility Governance30 Board of Directors32 Report of the Directors34 Corporate Governance39 Audit Committee Report41 Directors Report on Remuneration50 Statement of Directors Responsibilities51 Independent Auditors Report Financial Statements52 Consolidated

3、 Income Statement53 Consolidated Statement of Comprehensive Income54 Balance Sheets55 Consolidated Cash Flow Statement56 Company Cash Flow Statement57 Consolidated Statement of Changes in Equity58 Company Statement of Changes in Equity59 Significant Accounting Policies66 Notes to the Accounts98 Five

4、 Year History99 Advisers and Financial CalendarWe are an international business to business performance materials group.We design and manufacture components which add value to and improve the performance of our customers products by engineering a wide range of polymers using our own technologies to

5、create yarns,fibres,industrial and coated fabrics and composite materials.We sell globally and manufacture in Europe,North America,the Middle East and China.Welcome to Low&Bonar1 Continuing operations before tax,amortisation and non-recurring items2 Constant currency is calculated by retranslating c

6、omparative period results at current period exchange rates1Low&Bonar PLCAnnual Report 2012Business Review Sales m380.5m+2.6%2(2011:388.7m)20092010344.6304.82011388.72012380.52009201018.615.8201123.4201224.5Profit1 m24.5m+10.7%2(2011:23.4m)HighlightsOur Financial PerformanceAnother year of profit gro