Future plc (FUTR) 2020年年度报告「LSE」.pdf

1、 ANNUAL REPORTFY 2020ContentsStrategic Report 6 GROUP OVERVIEW8 CHAIRMANS STATEMENT 12 OUR VISION AND STRATEGY 14 HOW WE EXECUTE OUR STRATEGY Protect the core,grow existing brands&audiences Ongoing diversification Operating leverage The Future Playbook 22 LENS ONE-GLOBALLY 24 LENS TWO-DIVISIONALLY 2

2、6 LENS THREE-VERTICALLY Future Passions Future Living Future B2B 34 CHIEF EXECUTIVES REVIEW 38 RISKS AND UNCERTAINTIES 40 SUMMARY OF PRINCIPAL RISKS 44 HOW WE ENGAGE WITH OUR STAKEHOLDERS 49 COVID-19 RESPONSE 50 CORPORATE RESPONSIBILITYFinancial Review 56 FINANCIAL REVIEW 2 /FUTURE PLCRanvir Singh p

3、hotographed for Woman&Home magazineCorporate Governance 62 CHAIRMANS INTRODUCTION 64 GOVERNANCE FRAMEWORK 66 BOARD OF DIRECTORS 70 NOMINATION COMMITTEE 74 AUDIT AND RISK COMMITTEE 80 DIRECTORS REMUNERATION REPORT 84 DIRECTORS REMUNERATION POLICY 94 ANNUAL REPORT ON REMUNERATION 104 DIRECTORS REPORT

4、Financial Statements 112 INDEPENDENT AUDITORS REPORT 120 CONSOLIDATED INCOME STATEMENT 120 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 121 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 121 COMPANY STATEMENT OF CHANGES IN EQUITY 122 CONSOLIDATED BALANCE SHEET 123 COMPANY BALANCE SHEET 124 CONSOLIDAT

5、ED AND COMPANY CASH FLOW STATEMENTS 125 NOTES TO THE CONSOLIDATED AND COMPANY CASH FLOW STATEMENTS 127 ACCOUNTING POLICIES 134 NOTES TO THE FINANCIAL STATEMENTS 164 NOTICE OF ANNUAL GENERAL MEETING 174 SHAREHOLDER INFORMATIONANNUAL REPORT AND ACCOUNTS FY 2020 /3 ANNUAL REPORTFY 2020 6 GROUP OVERVIEW

6、8 CHAIRMANS STATEMENT12 OUR VISION AND STRATEGY14 HOW WE EXECUTE OUR STRATEGY Protect the core,grow existing brands&audiences Ongoing diversification Operating leverage The Future Playbook22 LENS ONE GLOBALLY24 LENS TWO DIVISIONALLY26 LENS THREE VERTICALLY Future Passions Future Living Future B2B34