Studio Retail Group Pc (STU) 2020年年度报告「LSE」.pdf

1、ANNUAL REPORT&ACCOUNTS 20201.Strategic Report1 Highlights4 Chairmans Statement6 Chief Executives Review8 Studio14 Finance Review18 Alternative Performance Measures22 Principal Risks and Uncertainties24 Our people,our products,community and the environment2.Governance29DirectorsandOfficers30 Director

2、s Report35 Corporate Governance Report39 Board Report on Directors Remuneration Report66 Nomination Committee Report67 Audit Committee Report71 Risk Committee Report73 Corporate Social Responsibility Report79 Statement of Directors Responsibilities80 Independent Auditors Report3.Financial Statements

3、90 Consolidated Income Statement92 Consolidated Statement of Comprehensive Income93 Consolidated Balance Sheet94 Consolidated Cash Flow Statement95 Consolidated Statement of Changes in Equity96 Notes to the Consolidated Financial Statements4.Company Financial Statements146 Company Balance Sheet147 C

4、ompany Statement of Changes in Equity148 Notes to the Company Financial StatementsContentsStudio is a market-leading digital value retailer offering its UK customers a broad range of products and a flexible repayment proposition.1Studio Retail Group plc Annual Report 2020Group Total group revenue*of

5、 514.8m,up 2.2%(FY19 restated*:503.7m).Revenue from continuing operations of 434.9m,up 3.1%(FY19 restated*:421.7m).Adjustedoperatingprofit*for the total group measured on a constant-GAAP basis up by 3.9%to 39.9m.Operatingprofitfromcontinuingoperations was down by 52.7%to 14.7m largely as a result of

6、 20m estimated impact of COVID-19 on the bad debt charge and the adoption of IFRS 16.Adjustedprofitbeforetax*for the total group measured on a constant-GAAP basis up by 8.6%to 31.2m.Profitbeforetaxfromcontinuing operations of 6.8m(FY19 restated*:26.2m).Core net debt*reduced by 5.6m to 51.8m.Studio S