mothercare plc annual report and accounts 2018mothercare plc annual report 2018 Annual report and accounts
Contents Our brands
Overview Mothercare 2 At a glance and financial highlights Our aim is to meet the needs of mothers-to-be, babies and children up to pre-school age. Our clothing & Strategic report footwear product includes ranges for babies, pre-school children and maternity wear and has a growing selection 3 Chairman’s statement of branded product. Home & travel includes pushchairs, 4 Business model car seats, furniture, bedding, feeding and bathing 5 Chief executive’s review equipment. Toys is mainly for babies and complements 11 KPIs – measuring our performance our ELC ranges. 12 Enterprise risk management 15 Principal risks and uncertainties STORES 18 Financial review UK – in town: 38 27 Corporate responsibility UK – out of town: 96 International partners: 932 Governance
36 Board of directors 37 Executive committee 38 Corporate governance Early Learning Centre 44 Audit and risk committee 49 Nomination committee Our aim is to provide children up to pre-school age 50 Directors’ report with toys that nurture and encourage learning through 53 Directors’ remuneration report play. Whilst the ranges are mainly own brand and are 57 Annual report on remuneration designed and sourced through our facilities in Hong Kong, we selectively bring in branded product that enhances Financial statements our ranges.
80 Directors’ responsibilities statement STORES 81 Independent auditor’s report UK – in town: 3 90 Consolidated income statement UK – inserts: 115 91 Consolidated statement International partners: 199 of comprehensive income 92 Consolidated balance sheet 93 Consolidated statement of changes in equity 94 Consolidated cash flow statement 95 Notes to the consolidated financial statements
Company financial statements
132 Company balance sheet 133 Company statement of changes in equity 134 Notes to the company financial statements 138 Five-year record 139 Shareholder information
Mothercare plc annual report and accounts 2018 1 Chairman’s statement
At a glance and financial highlights
Our vision at mothercare is clear – to be the leading global retailer for parents and young children.
Worldwide sales* UK: £1,163m (4.8)% Stores: 137 Asia: Space: 1,305k sq.ft. Stores: 382 Europe: Space: 851k sq.ft Group sales Stores: 354 Space: 1,089k sq.ft. £654m (1.9)% Adjusted profit**
Middle East: £2.3m (88.3)% Stores: 354 Space: 892k sq.ft. Statutory loss Latin America: Stores: 41 £(72.8)m (1,125.3)% Space: 37k sq.ft.
* Total UK sales plus estimated retail sales achieved by our franchise partners, joint ventures and international wholesale ** Adjusted profit before tax excludes adjusted items as detailed on page 18 of the financial review