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Annual Report and Accounts 2008
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Our business
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Performance review
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Company overview and performance monitoring
Company overview and performance monitoring
Company overview and performance monitoring
Company overview and performance monitoring
Company overview and performance monitoring
Company overview and performance monitoring
Operations: Europe
Operations: Europe
Operations: Europe
Operations: Europe
Operations: Europe
Operations: North America
Operations: North America
Operations: North America
Operations: North America
Operations: North America
Risk management
Risk management
Risk management
Risk management
Financial review
Financial review
Other financial matters
Corporate responsibility report
Introduction
Health and Safety
Environment
Environment
Environment
People Development
Responsible Business
Community Engagement
Governance
Report of the Directors
Report of the Directors
Report of the Directors
Corporate governance
Board composition, procedures and responsibilities
Board committees
Meetings attendance
Internal audit / Internal control
Delisting from NYSE/ Deregistration from SEC
Communications with shareholders
Remuneration report
Introduction
Policy on Directors’ remuneration
Emoluments
Long-term incentives
Share options
Share options
Pensions
Performance graph
External directorships
Executive share ownership
Financial statements
Introduction
Group income statement
Group statement of recognised income and expense
Group balance sheet
Group cash flow statement
Group accounting policies
Group accounting policies
Group accounting policies
Group accounting policies
Notes to the consolidated financial statements
1. Critical accounting estimates and judgements
2. Segmental analysis
3. Amounts charged in arriving at operating profit
4. Exceptional items
5. Finance revenue
6. Finance costs
7. Taxation
8. Dividends
9. Earnings per share
10. Non-GAAP measures of performance
11. Employee information and Directors’ remuneration
12. Intangible assets – goodwill
13. Intangible assets – other
14. Property, plant and equipment
15. Financial assets – available-for-sale investments
16. Deferred tax assets and liabilities
17. Inventories
18. Trade and other receivables
19. Assets held for sale
20. Financial assets – trading investments
21. Derivative financial instruments
22. Construction loans
23. Cash and cash equivalents
24. Trade and other payables
25. Bank loans and overdrafts
26. Financial instruments and financial risk management
27. Obligations under finance leases
28. Provisions
29. Retirement benefit obligations
30. Share capital
31. Share-based payments
32. Shareholders’ funds and statement of changes in shareholders’ equity
33. Acquisitions
34. Analysis of the net outflow of cash in respect of the purchase of businesses
35. Disposals
36. Reconciliation of profit to cash generated from operations
37. Reconciliation of opening to closing net debt
38. Related party transactions
39. Capital commitments
40. Operating lease commitments
41. Contingent liabilities
42. Post balance sheet events
43. Parent company
44. Accounting standards, interpretations of and amendments to published standards not yet effective
Independent auditors’ report to the members of Wolseley plc
Company balance sheet
Notes to the Company financial statements
19. Accounting standards, interpretations of and amendments to published standards not yet effective
1. Company accounting policies
2. Fixed asset investments
3. Debtors
4. Creditors: amounts falling due within one year
5. Creditors: amounts falling due after one year
6. Share capital
7. Share premium
8. Profit and loss reserve
9. Reconciliation of movements in equity shareholders’ funds
10. Retirement benefit obligations
11. Share-based payments
12. Derivative financial instruments
13. Bank loans and overdrafts
14. Contingent liabilities
15. Employees, employee costs and auditors’ remuneration
16. Dividends
17. Related party transactions
18. Post balance sheet events
Independent auditors’ report to the members of Wolseley plc (Company)
Other information
Principal subsidiary undertakings and their directors
Five year summary
Pro forma information in United States dollars
Acquisitions completed during the year
Group information
Shareholder information
Forward looking statement
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