Capital and Regional PLC (CAL) 2003年年度报告「LSE」.pdf

1、Capital&Regional plcAnnual report 2003Capital&Regionalplc Annualreport2003Contents1What we do2What we have3How we performed4Chairmans statement5/6Chief Executives review7/9Finance Directors review10/11Shopping centres12/13Retail parks14/15LeisureManagement,governance andcorporate social responsibili

2、ty16/17Directors18Advisers and corporate information19/23Directors remuneration report24/25Directors report26/28 Corporate governance report29Corporate social responsibility30Statement of directors responsibilities31Independent auditors reportFinancial statements32Consolidated profit and loss accoun

3、tNote of historical cost profits and losses33Consolidated balance sheet34Statement of total recognised gains and lossesReconciliation of movements in shareholders funds35Consolidated cash flow statement36Company balance sheet37/56Notes to the accountsAdditional information57Fund portfolio informatio

4、n58Shareholders information59Five-year review60Glossary of termsC&R is a co-investing property asset manager.We manage funds and partnerships in which we hold a significant stake.We have assembled specialist management teams operating in the retail and leisure sectors.This enables our equity and man

5、agement to be leveraged over a large portfolio,and enhances returns to shareholders.Capital&Regional 1Capital&Regional at a glance.what we doShopping centresRetail parksLeisureThe Mall FundThe JunctionFundThe GlasgowFortSwanseaRetail ParkTheX-LeisureFundXscapeGreatNorthernMost of our portfolio is he

6、ld in the form of fund holdings.Our largest investment is in shopping centres.2Capital&RegionalCapital&Regional at a glance.what we haveGroup exposure to property by type Group exposure to property by ownership structureShopping centres 47%Retail parks 34%Leisure 17%Other 2%Joint ventures 19%Fund 73