1、Reach plcAnnual Report 2018 Strategic Report128In summary1Chairmans introduction2Chief Executives introduction3Our business4Strategy and KPIs10Our audience11Our people12Risks and uncertainties16Group financial review19Divisional financial review25Governance2967Chairmans governance introduction29Boar
2、d of directors30Corporate governance report32Nomination Committee report37Audit&Risk Committee report38Remuneration report43Corporate responsibility report58Directors report64Financial Statements68116Independent auditors report68Consolidated income statement77Consolidated statement of comprehensive
3、income77Consolidated cash flow statement78Consolidated statement of changes in equity78Consolidated balance sheet79Notes to the consolidated financial statements80Parent company balance sheet112Parent company statement of changes in equity112Notes to the parent company financial statements113Other11
4、7122Subsidiary undertakings117Shareholder information120Group five year summary122DisclaimerThis Annual Report is sent to shareholders who have elected to receive a hard copy and is available on our website for those shareholders who have elected to receive a copy electronically.In this document,ref
5、erences to the Group,the Company,we or our are to Reach plc and its subsidiaries.A reference to a year expressed as 2018 is to the 52 weeks ended 30 December 2018 and a reference to a year expressed as 2017 is to the 52 weeks ended 31 December 2017.References to the year and the current year are to
6、2018 and references to last year and the prior year are to 2017.The Annual Report contains forward-looking statements.By their nature,forward-looking statements involve a number of risks,uncertainties and future assumptions because they relate to events and/or depend on circumstances that may or may