directors report and accounts 2006 - Operating and Financial Review
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Operating and
Financial Review
Summary corporate governance
and summary financial statement
Directors' report
and accounts 2006
OPERATING AND FINANCIAL REVIEW
Overview
Business and strategic review
Regional and financial review
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Overview
An introduction to British American Tobacco
Chairman's statement and financial highlights
Special feature: Souza Cruz
As part of the OFR, we have produced a special feature on our Brazilian subsidiary, Souza Cruz, to highlight how our strategy is working in a key market.
Download this feature (PDF)
Skip "Business and strategic review" Section
Business and strategic review
Chief Executive's industry review
Our strategy
Growth
Productivity
Responsibility
Winning organisation
Skip "Regional and financial review" Section
Regional and financial review
Regional review
Europe
Asia-Pacific
Latin America
Africa and Middle East
America-Pacific
Unallocated costs and Results of associates
Financial review
Profit from operations like-for-like
Interest cover
Effective tax rate - subsidaries
Adjusted diluted earnings per share
Dividends per share declared
Cash flow
Treasury operations
Changes in the Group
Changes in accounting policies
Share buy-back programme
Key Group risk factors
Litigation
Regulation
Operations
Excise and sales tax
Illicit trade and intellectual property
Information technology
Financial
Cautionary statement