Annual Report 2016/17 PDF

[Pages:196]annual report 2016/17

Annual report 2016/17

2016/17 Annual Report

Table of contents

Strategic Report Introduction 10 Chairman's Letter 12 Chief Creative and Chief Executive Officer's Letter

Burberry Group Overview 20 Brand Highlights 22 Business Model 24 Channel Mix 25 Regional Mix 26 Product Mix 28 Key Performance Indicators 30 Market Overview

Key Strategies 34 Introduction: Driving Growth and Productivity 36 Product Focus 38 Productive Space 40 E-commerce Leadership 42 Operational Excellence 44 Inspired People

Responsibility 48 Responsibility

Performance 54 Group Financial Review 59 Capital Allocation Framework 60 Principal Risks

Board and Governance 68 Board of Directors 70 Corporate Governance Report 87 Directors' Remuneration Report 112 Directors' Report

Financial Statements 118 Statement of Directors' Responsibilities 119Independent Auditor's Report to the Members

of Burberry Group plc 125 Group Income Statement 126 Group Statement of Comprehensive Income 127 Group Balance Sheet 128 Group Statement of Changes in Equity 129 Group Statement of Cash Flows 129 Analysis of Net Cash 130 Notes to the Financial Statements 177 Five Year Summary 179Independent Auditor's Report to the Members

of Burberry Group plc 182 Company Balance Sheet 183 Company Statement of Changes in Equity 184 Notes to the Company Financial Statements

190 Shareholder Information

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2016/17 Annual Report

Financial Highlights

Revenue (Year to 31 March)

?2,766m

2017 2016 2015 2014 2013

Adjusted profit before tax (Year to 31 March)

?462m

2,766

2017

462

2,515

2016

421

2,523

2015

456

2,330

2014

461

1,999

2013

428

Profit before tax (Year to 31 March)

?395m

Net cash (As at 31 March)

?809m

2017

395

2017

809

2016

416

2016

660

2015

445

2015

552

2014

444

2014

403

2013

351

2013

297

Adjusted diluted EPS (Year to 31 March)

77.4p

Dividend per share (Year to 31 March)

38.9p

2017 2016 2015 2014 2013

77.4 69.9 76.9 75.4 70.0

2017 2016 2015 2014 2013

38.9 37.0 35.2 32.0 29.0

Adjusted diluted EPS is stated before adjusting items. Reported diluted EPS 64.9p (2016: 69.4p)

Adjusted measures, underlying performance, comparable sales, lease adjusted net debt and free cash flow are defined on page 54.

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