Introduction

Group income statement 30. Share capital
Group statement of recognised income and expense 31. Share-based payments
Group balance sheet 32. Shareholders' funds and statement of changes in shareholders' equity
Group cash flow statement 33. Acquisitions
Group accounting policies 1 34. Analysis of the net outflow of cash in respect of the purchase of businesses
Group accounting policies 2 35. Disposals
Group accounting policies 3 36. Reconciliation of profit to cash generated from operations
Group accounting policies 4 37. Reconciliation of opening to closing net debt
Notes to the consolidated financial statements 38. Related party transactions
1. Critical accounting estimates and judgements 39. Capital commitments
2. Segmental analysis 40. Operating lease commitments
3. Amounts charged in arriving at operating profit 41. Contingent liabilities
4. Exceptional items 42. Post balance sheet events
5. Finance revenue 43. Parent company
6. Finance costs 44. Accounting standards, interpretations of and amendments to published standards not yet effective
7. Taxation Independent auditors' report to the members of Wolseley plc
8. Dividends Company balance sheet
9. Earnings per share Notes to the Company financial statements
10. Non-GAAP measures of performance 1. Company accounting policies
11. Employee information and Directors' remuneration 2. Fixed asset investments
12. Intangible assets – goodwill 3. Debtors
13. Intangible assets – other 4. Creditors: amounts falling due within one year
14. Property, plant and equipment 5. Creditors: amounts falling due after one year
15. Financial assets – available-for-sale investments 6. Share capital
16. Deferred tax assets and liabilities 7. Share premium
17. Inventories 8. Profit and loss reserve
18. Trade and other receivables 9. Reconciliation of movements in equity shareholders' funds
19. Assets held for sale 10. Retirement benefit obligations
20. Financial assets – trading investments 11. Share-based payments
21. Derivative financial instruments 12. Derivative financial instruments
22. Construction loans 13. Bank loans and overdrafts
23. Cash and cash equivalents 14. Contingent liabilities
24. Trade and other payables 15. Employees, employee costs and auditors' remuneration
25. Bank loans and overdrafts 16. Dividends
26. Financial instruments and financial risk management 17. Related party transactions
27. Obligations under finance leases 18. Post balance sheet events
28. Provisions 19. Accounting standards, interpretations of and amendments to published standards not yet effective
29. Retirement benefit obligations Independent auditors' report to the members of Wolseley plc (Company)