Capital and Regional PLC (CAL) 2005年年度报告「LSE」.pdf

1、Capital&Regional plc Annual Report 2005Section 1Review of the year01 Capital&Regional what we do02 Capital&Regional at a glance03 Financial highlights04 Chairmans statement05 Chief and Deputy Chief Executives review07 Finance Directors review12 Operating review shopping centres16 Operating review re

2、tail parks20 Operating review leisure24 Operating review trade parks26 Operating review German portfolioSection 2 Management,governance andcorporate social responsibility30 Directors32 Directors remuneration report36 Directors report37 Corporate governance report40 Corporate social responsibility42

3、Statement of directors responsibilities43 Independent auditors reportSection 3Financial statements44 Consolidated profit and loss account45 Consolidated balance sheet46 Statement of total recognised gains and lossesNote of historical cost profits and lossesReconciliation of movements in equityshareh

4、olders funds47 Consolidated cash flow statement48 Company balance sheet49 Notes to the accountsSection 4 Additional information70 Portfolio information71 Five-year review72 Glossary of terms73 Advisers and corporate information73 Shareholder informationContentsCapital&Regional what we doCapital&Regi

5、onal 1 C&R is a co-investing property asset manager.This means that we manage property assets for funds in which we hold a significant stake.This enables our equity and management to be leveraged over a largeportfolio and enhances returns to shareholders.We aim to build best-of-class specialist mana

6、gement teams for the retail and leisure sectors in which we operate.Group structureCRPM(PropertyManagement)Snozone(Ski slopes)EarningsbusinessesAssetsbusinessesFundco-investmentJointventuresWhollyownedGermanportfolioTrade parksOtherpropertiesOur specialist management teamsCEOFundNon-fund activitiesL