Capital and Regional PLC (CAL) 2009年年度报告「LSE」.pdf

1、Annual Report 2009Capital&Regional Annual Report 2009Business review01 Capital&Regional.What we do.Business model.Corporate structure02 Chairmans statement03 Chief Executives statement05 Operatingreview07 Financial review14 Asset and property management Retail18 Asset and property management Germany

2、20 Asset and property management Leisure23 Asset and property management Otherassociates and joint ventures24 Principal risks and uncertaintiesGovernance26 Directors28 Directors report31 Statement of directors responsibilities32 Directors remuneration report39 Corporate governance report43 Responsib

3、le businessFinancial statements46 Consolidated income statement47 Consolidated balance sheet48 Consolidated statement of recognisedincome and expense48 Reconciliation of movement in equityshareholders funds49 Consolidated cash flow statement50 Notes to the financial statements96Independent auditors

4、report97Company balance sheet98Notes to the Company financial statementsOther information101Glossary of terms102Portfolio information103Fund portfolio information(100%figures)104 Five-year review105Advisers and corporate information105Shareholder information1234SectionSectionSectionSectionSection 1

5、Business reviewCapital&Regional01Capital&Regional Annual Report 2009What we do C&R is a co-investing propertyasset manager.This means that wemanage property assets for fundsand joint ventures in which we holda significant stake We aim to build best-of-class specialistmanagement teams for the retail

6、andleisure sectors in which we operateBusiness model We operate asset businessesand earnings businesses Asset businesses comprise ourinvestments in property fundsand joint ventures,andourwholly-ownedproperties Earnings businesses compriseour property management teams,which manage the funds andGerman