玩具反斗城Toys R Us（FUN）2008年年度报告「ASX」.pdf

1、2008AnnualReportfuntastic LimitedACN 063 886 1992008 Annual Report Page 1Our MissionFuntastic is a leading marketer and distributor of consumer branded lifestyle merchandise.Our focus is on building a sustainable platform from which to grow our brands through innovation,speed to market,customer inti

2、macy and value added partnerships with all key stakeholders.Message to ShareholdersIntroduction.On behalf of the Board of Directors of Funtastic Limited we present to you our 2008 Annual Report.While the Company has experienced another year of challenge driven by uncertainty and significant changes,

3、both economically and in the apparel sector,we are pleased to highlight the following achievements relating to key objectives identified in the strategic review process announced in early 2008:1.The Toy and Sporting goods business showed a significant turnaround in 2008,driven by a revitalized team,

4、improvements in processes,strong execution and a great product portfolio.Clearance activity in the first six months particularly affected margins however,the strength of our brands enabled strong results at retail.2.Slow moving inventory was almost halved by December 2008 following the implementatio

5、n of a new sales and operations planning process established early in the year which focused on strong disciplines.3.The sale of the Publishing business in 2008 resulted in a further reduction in the levels of debt.4.Reducing the level of debt has and will continue to be a key focus of management.Ne

6、t bank debt reduced from$85.1 million in 2007 to$67.0 million in 2008,despite the non receipt of$11.3 million from ABC Learning related receivables.The Year in ReviewRevenue from continuing operations was reasonably solid for the year-a good result considering the worsening economic conditions in th