Carphone Warehouse 2004 Annual Report Download - page 2

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The Carphone Warehouse is Europe’s leading
independent retailer of mobile phones and services,
with over 1,200 stores in 10 countries.
Our strategy builds on our track record in retailing
and allows us to move quickly when we see new
market opportunities arise. Our objective at all
times remains the creation of significant and
sustainable shareholder value.
Our strategic objectives are:
> To continue to grow retail market share by
investing in new stores and by generating
like-for-like growth from our existing estate
> To develop incremental income streams
from our customer relationships, with
residential fixed line services representing
a major new opportunity
> To grow our business-to-business fixed line
operations organically and through acquisition
Contents
1Financial Highlights
2Chairman’s Statement
3Group Overview
4Chief Executive’s Review
6Operating and Financial Review
14 Corporate Responsibility
17 Board of Directors and Group Advisors
18 Corporate Governance
20 Remuneration Report
24 Directors’ Report
25 Statement of Directors’ Responsibilities
25 Independent Auditors’ Report
26 Consolidated Profit and Loss Account
26 Consolidated Statement of Total
Recognised Gains and Losses
27 Consolidated Balance Sheet
28 Company Balance Sheet
29 Consolidated Cash Flow Statement
30 Notes to the Financial Statements
47 Five Year Record
48 Financial Calendar