1、annual report2013Dress 59.95BEYONC IN H&Ms SUMMER CAMPAIGN 2013Top 14.95H&M SHOw At PARIS fASHION wEEk 2013 Dress 69.95H&Ms Annual Accounts and Consolidated Accounts for the financial year 2012/13 comprise pages 5280.H&M IN WORDS AND PICTURESThis is H&M 6CEO letter 82013 in brief 10Our brands 14Sust

2、ainable development 32Our employees 36Expansion 40History 48H&M IN FIGURES Administration Report including proposeddistribution of earnings 52Group Income Statement 58Group Statement of Comprehensive Income 58Group Balance Sheet 59Group Changes in Equity 60Group Cash Flow Statement 61Parent Company

3、Income Statement 62Parent Company Statement of Comprehensive Income 62Parent Company Balance Sheet 63Parent Company Changes in Equity 64Parent Company Cash Flow Statement 65 Notes to the Financial Statements 66Signing of the Annual Report 80Auditors report 81 Corporate Governance Report including in

4、formationabout the Board of Directors 82Auditors Statement on the Corporate Governance Report 94Five year summary 96The H&M share 97Financial information and contact details 98Contents H&M ANNUAl REPORT 2013 THIS IS H&M Fashion and quality at the best priceA clear business concept and strong values

5、have taken H&M from a single store to a leading global fashion company,with a passion for fashion,a belief in people and a desire to always exceed customers expectations.CUSTOMER OFFERINGThe H&M Group makes afforda ble,good quality fashion accessible to people all over the world.This is possible bec

6、ause H&M designs its own products,has no middlemen,buys the right product from the right market in large volumes,has efficient logistics and is cost-conscious in every part of the busi-ness.H&Ms designers,pattern makers and buyers work in teams to create the collections.Flexible planning of the prod