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annual report 2016/17 - Burberry

annual report 2016 /17 annual report2016/173 Strategic ReportIntroduction10 Chairman s Letter12 Chief Creative and Chief Executive Officer s LetterBurberry Group Overview20 Brand Highlights22 Business Model 24 Channel Mix25 Regional Mix26 Product Mix28 Key Performance Indicators30 Market Overview Key Strategies34 Introduction: Driving Growth and Productivity 36 Product Focus38 Productive Space40 E-commerce Leadership42 Operational Excellence44 Inspired PeopleResponsibility48 ResponsibilityPerformance54 Group Financial Review59 Capital Allocation Framework60 Principal RisksBoard and Governance68 Board of Directors70 Corporate Governance Report87 Directors Remuneration report 112 Directors ReportFinancial Statements118 Statement of Directors Responsibilities119 Independent Auditor s report to the Members of Burberry Group plc125 Group Income Statement126 Group Statement of Comprehensive Income127 Group Balance Sheet128 Group Statement of Changes in Equity129 Group Statement of Cash Flows129 Analysis of Net Cash130 Notes to the Financial Statements177 Five Year Summary179 Independent Auditor s report to the Members of Burberry Group plc182 Company

Annual report 2016/17. 3 Strategic Report Introduction ... 2016/17 Annual Report Table of contents. 4. Revenue (Year to 31 March) Adjusted profit before tax (Year to 31 March) ... 2017 2016 2015 2014 2013 2,766 2,515 2,523 2,330 1,999 421 456 461 428 2017 2016 2015 2014 2013 462 £462m 2017 2016 2015

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