Premium Essay

H&M Annual Report 2013

In:

Submitted By ahleon
Words 41166
Pages 165
annual report

2013

Dress

€59.95

Top

€14.95

BEYONCÉ IN H&M’s SUMMER CAMPAIGN 2013

€ 69.95

Dress

H&M SHOw At PARIS fASHION wEEk 2013

— H&M ANNUAl REPORT 2013 —

Contents
H&M IN WORDS AND PICTURES
This is H&M CEO letter 2013 in brief Our brands Sustainable development Our employees Expansion History 6 8 10 14 32 36 40 48

H&M IN FIGURES
Administration Report including proposed distribution of earnings Group Income Statement Group Statement of Comprehensive Income Group Balance Sheet Group Changes in Equity Group Cash Flow Statement Parent Company Income Statement Parent Company Statement of Comprehensive Income Parent Company Balance Sheet Parent Company Changes in Equity Parent Company Cash Flow Statement Notes to the Financial Statements Signing of the Annual Report Auditor’s report Corporate Governance Report including information about the Board of Directors Auditor’s Statement on the Corporate Governance Report Five year summary The H&M share Financial information and contact details 52 58 58 59 60 61 62 62 63 64 65 66 80 81 82 94 96 97 98

H&M’s Annual Accounts and Consolidated Accounts for the financial year 2012/13 comprise pages 52–80.

— THIS IS H&M —

Fashion and quality at the best price
A clear business concept and strong values have taken H&M from a single store to a leading global fashion company, with a passion for fashion, a belief in people and a desire to always exceed customers’ expectations.

Over

116,000 employees BUSINESS CONCEPT

3,132 stores 53 markets
Sales including VAT SEK

Fashion and quality at the best price.
CUSTOMER OFFERING
The H&M Group makes afforda ble, good quality fashion accessible to people all over the world. This is possible because H&M designs its own products, has no middlemen, buys the right product from the right market in large volumes, has efficient

Similar Documents

Premium Essay

Unit 1- P3 and P4 How Businesses Are Organised and How the Style of Organisation Helps to Fullfil the Purpose

...P3- How businesses are organised. and P4- How the style of organisation helps to fulfil their purposes. My two organisations are H&M (profit-making) and MAA (non-for-profit), as researched in Task 1. The purpose of having an organisational Structure: Division of work: * Division of work is essential in any type of organisation, big or small, everything has to be organised and carried out with care. H&M is a very large international business, therefore a lot needs to be completed and managed, as any ‘slip-up’ could cost the business a lot of money. Dividing up the work between the departments will mean that all the tasks that need to be completed, are done so with great detail and to a good standard in required time to keep the business at the peak of its success. An example in H&M would be, that every department has a deadline by which they have to have done their part of year report for the Annual Report, so all the departments are doing different tasks and writing about their year, but in the end it’s put into one big annual report to be used as progress check and presented to some of the stakeholders such as the shareholders and the head office. MAA is described as a medium sized business; yet the work is still divided between the departments so that all tasks are completed on time and up to a good standard, the difference is that there is much less staff in each department and some staff have more than one type of responsibility within the business...

Words: 3610 - Pages: 15

Free Essay

H&M Case

...Hennes & Mauritz (H&M) was the second-largest specialty apparel retailer in the world. Sales for fiscal 2012 were $18.1 billion, up 11% from the previous year, and operating profits were $3.3 billion, up 8.3%. H&M operated 2,776 stores, 93% of them outside its home base of Sweden. Over the previous decade, revenues had grown 15% per year and operating profits, 18%. Although Gap, Inc. (Gap) began the millennium as the clear global leader in the apparel retail market with sales more than four times larger than those of H&M, H&M had grown quickly and passed Gap in 2009. However, Spain’s Inditex, with its fast-fashion chain, Zara, had done even better. It passed H&M in sales in 2005 and, by 2011, had also become more profitable. H&M had also lagged behind Inditex in supply pipeline speed, brand diversification, online retail presence, and expansion into China. Meanwhile, the world’s leading hypermarket chains, including Wal-Mart and Tesco, were making significant headway in apparel. In 2012, CEO Karl-Johan Persson, grandson of the company’s founder Erling Persson, promised increased expansion into underdeveloped markets, a stronger push to online retailing, and the launch of a major new retail brand. He noted, “We are looking forward to an exciting 2013 full of new opportunities. We have great respect for the macroeconomic climate and how it may affect consumption in many of our markets, but we believe strongly in our offering and are convinced that H&M will continue to...

Words: 8569 - Pages: 35

Premium Essay

Fin254Ambee

...18 Report on Ambee Pharmaceuticals Beacon Pharmaceuticals 1|Page Ambee Pharmaceuticals and Beacon pharmac euticals Group Members Names Id Ashraf Ali Parvez 143 0979 630 Junayed Hossain 151 2800 630 Md. Asfiqur Alam 151 2804 030 Abid Hasan 151 0654 630 Date of Submission: 03-12-2015 2|Page Ambee Pharmaceuticals and Beacon pharmac euticals Acknowledgement We would like to thank almighty. And group members for their constant hard work, encouragement and contribution without which this report would not be possible We would like to express our deepest appreciation and a special gratitude to our course instructor SHAHIDULLAH who provided us the Opportunity to complete this report. Whose contribution in stimulating suggestions, guidance, and encouragement helped us to coordinate our project especially in writing this report. The blessing, help and guidance given by him time to time shall carry us a long way in the journey of life on which we are about to embark. We also would like to thank the staff members of DHAKA STOCK EXCHANGE, who helped us to collect all the information, we had requested. 3|Page Ambee Pharmaceuticals and Beacon pharmac euticals LETTER OF TRANSMITTAL December 03, 2015. SHAHIDULLAH Fin254 Section: 11, School of Business and Economics (SBE), North South University. Subject: Report on Ambee Pharmaceuticals and Beacon Pharmaceuticals. Dear Sir, We are pleased to submit the report on “Ambee...

Words: 6626 - Pages: 27

Premium Essay

United States Securities and Exchange Commission

...________________________________________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 8-K ____________________ CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 1, 2013 ____________________ AVAYA INC. (Exact Name of Registrant as Specified in its Charter) ____________________ Delaware (State or Other Jurisdiction of Incorporation) 001-15951 (Commission File Number) 22-3713430 (IRS Employer Identification Number) 4655 Great America Parkway Santa Clara, California (Address of Principal Executive Office) Registrant’s telephone number, including area code: (908) 953-6000 N/A (Former Name or Former Address, if Changed Since Last Report) 95054 (Zip Code) ____________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o o o o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) _____________________________________________...

Words: 8628 - Pages: 35

Premium Essay

A Study on Pre & Post Performance Evaluation of Merger and Acquisition of Selected Indian Banks.

...financial as sample for and second the merger of HDFC bank and Centurion of mergers on of the selected banks in India. Pre and post merger comparison on selected variables impact to achieve performance that there is a of the selected banks. Key Words: Mergers and acquisition, Banking, Financial Performance, Financial Ratios, Synergy. *Assistant Professor, Maharaja Agrasen College, Delhi University Vol. 4 | No. 3 | March 2015 www.garph.co.uk IJARMSS | 94 International ISSN: 2278-6236 Journal of Advanced Research in Management and Social Sciences Impact Factor: 4.400 INTRODUCTION Growth is the norm in the present times of cut t h r o a t competition. A f i r m can achieve g r o w t h either internally by expanding its operations, establishing new units or externally through mergers and acquisitions...

Words: 5897 - Pages: 24

Premium Essay

Mcdonalds Financials

...Notice of 2013 Annual Shareholders’ Meeting and Proxy Statement b McDonald’s Corporation 2013 Contents 3 7 8 8 8 14 14 14 42 Proxy Summary Notice of the Annual Shareholders’ Meeting Election of Directors Proposal No. 1. Election of Directors Director qualifications and biographical information Executive compensation Compensation Committee Report Compensation discussion and analysis Proposal No. 2. Advisory vote to approve executive compensation Other management proposal Proposal No. 3. Advisory vote to approve the appointment of Ernst & Young LLP as independent auditor for 2013 59 Stock ownership 59 Stock ownership guidelines 59 Security ownership of certain beneficial owners 60 Security ownership of management 61 Compliance with Section 16(a) of the Exchange Act Transactions with related persons, promoters and certain control persons Policies and procedures for related person transactions 61 61 62 Related person transactions 62 Communications 62 Communications with the Board of Directors and non-management Directors 62 Consideration of Director nominations for the 2014 Annual Shareholders’ Meeting 63 Shareholder proposals for inclusion in next year’s Proxy Statement 63 Other shareholder proposals for presentation at the 2014 Annual Shareholders’ Meeting 64 Solicitation of proxies and voting 64 Notice and access 64 Record date 64 Voting prior to the Annual Shareholders’ Meeting 64 Voting at the Annual Shareholders’ Meeting 64 Quorum 64 Voting tabulation 65...

Words: 35480 - Pages: 142

Premium Essay

Sustainability

...2013 Citizenship & Sustainability Report Contents Dr. Dalene von Delft recovered from multi-drug resistant tuberculosis. Early access to a Johnson & Johnson medicine added to her treatment helped. Inspired by her experience, Dalene founded TB Proof, dedicated to raising awareness of TB among health care workers. Read more at 2013annualreport.jnj.com/stories/ New-Hope-for-MDR-TB-Patients CONTENTS CHAI R MAN’S LETTE R S UCCE SS E S & CHALLE NG E S Advancing Human Health & Well-Being Leading a Dynamic & Growing Business Responsibly Safeguarding the Planet H EALTHY FUTU R E S 2015 GOALS & PROG R E SS U.N. G LOBAL COM PACT DATA S U M MARY G R I I N DEX 2 Letter from Our Chairman & CEO 52 Labor Practices & Workforce Guide to the Icons 4 Successes & Challenges 55  Employee Retention, Development & Recruitment 9 Organizational Profile 58 Compensation 10 Report Profile 58 Diversity & Inclusion The icons below help to communicate the scope and boundary for each topic covered in our report. They represent the audience and locations throughout the world impacted by our business segments or enterprise. 11 Citizenship & Sustainability 59  Political Contributions, Public Policy & Lobbying Citizenship & Sustainability Strategy Our Strategic Framework 62 Intellectual Property 13  Our Citizenship & Sustainability Materiality Assessment Process ...

Words: 54528 - Pages: 219

Free Essay

Rmg in Combodia

...KINGDOM OF CAMBODIA INTERNATIONAL LABOUR ORGANIZATION BETTER FACTORIES CAMBODIA THIRTIETH SYNTHESIS REPORT ON WORKING CONDITIONS IN CAMBODIA’S GARMENT SECTOR Publication date Report period : 18 July 2013 : 1 November 2012 – 30 April 2013 Copyright © International Labour Organization (ILO) and International Finance Corporation (IFC) (2013) First published (2013) Publications of the ILO enjoy copyright under Protocol 2 of the Universal Copyright Convention. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated. For rights of reproduction or translation, application should be made to the ILO, acting on behalf of both organizations: ILO Publications (Rights and Permissions), International Labour Office, CH-1211 Geneva 22, Switzerland, or by email: pubdroit@ilo.org. The IFC and ILO welcome such applications. Libraries, institutions and other users registered with reproduction rights organizations may make copies in accordance with the licences issued to them for this purpose. Visit www.ifrro.org to find the reproduction rights organization in your country. Better Factories Cambodia: Thirtieth synthesis report on working conditions in Cambodia’s garment sector / International Labour Office ; International Finance Corporation. - Geneva: ILO, 2013 1 v. Better Work Synthesis Reports: ISSN 2227-958X (web pdf) International Labour Office; International Finance Corporation clothing industry / textile industry...

Words: 6412 - Pages: 26

Free Essay

Acounting

...Accounting Standards & & Regulation  – 22420 – A Autumn 2013 3    ASR A gnmen Part 2 A Assig nt – P 2 Contents:  ge:  General Notes for P Part 2; next p page:  this pag General No otes for Part 2 of the Assignment  1)  Rec commended Start: you m may start this s part of the assignment at any time.  2)  Sub bmission Dea adline: 20th M May, 2013 (5 pm) through h turnitin in U UTSOnline (A Assignments)  3)  Hea ading  require (in  bold):  Name  –  St ed  tudent  ID  –  Tutorial  Num T mber  –  Tuto orial  Time.  (T heading This  g  must be a part o of the docum ment header r. If using Wo ord 2007+, press VH H to access t the header. ename requir red: When yo ou submit yo our filename e, please nam me the file as s follows:  4)  File Txx x_ISurname_ _SID_ASRess say2.docx; w where xx is yo our tutorial n number (for  Ku‐ring‐gai p people, put  K1), I is your initial, Surnam me is your sur rname, and S SID is your 8‐ ‐digit studen nt ID. Quite a a few people  ve the same i initial/surname combina ations, so this s is importan nt. I am askin ng you for the format so  hav that t I can sort the essays qu uickly for ma rking. The ex xtension (“.d docx”) would d be different t depending  on t the word pro ocessor you use. So Robe ert’s essay w would be calle ed  T00 0_RCzernkow wski_999999 999_ASRessa ay2.docx  5)  Acc cording to tu urnitin’s web bsite, the sof ftware ensures original  work by che ecking submitted papers s  aga ainst  17+  bil llion  web  pa ages,  200+  million  stud...

Words: 1566 - Pages: 7

Premium Essay

Improving Transparency: H&M’s Code of Conduct in Bangladesh Factories

...IMPROVING TRANSPARENCY: H&M’S CODE OF CONDUCT IN BANGLADESH FACTORIES Prepared for Jennifer Ward, US Public Relations / Communications Director H&M Prepared by Public Relations Specialists H&M October 7, 2015 MEMORANDUM TO: Jennifer Ward, U.S. Public Relations/Communications Director FROM: Murphy Kane, Public Relations Specialist; Kathleen Ashcraft, Public Relations Specialist DATE: October 7, 2015 SUBJECT: H&M’s Code of Conduct in Bangladesh Factories We have prepared the report that you requested on H&M’s code of conduct used in our garment factories in Bangladesh. After some initial research, we have found that H&M has a well-established code of conduct that would meet the standards of the average U.S. consumer, which is the market into which H&M is looking to branch. The issue that H&M faces is the average consumer’s perception that every company outsourcing to Bangladesh has the same inferior standards as the Bangladesh government. The solution rests upon H&M’s ability to focus more clearly on brand management. Consumers need to be reassured that H&M’s standards for working conditions are not the same as those of the Bangladesh government. H&M’s public relations team in the U.S. should focus upcoming press releases and social media blasts on explanations of H&M’s code of conduct. Additionally, H&M’s new ad campaign...

Words: 4937 - Pages: 20

Premium Essay

Marketing

...Environment………………………………………………………...…………7 5.2.1Desalination………………………………………………………………7 5.2.2 Water reuse…………………………………………...…………………8 5.3 Sustainability……………………………………………………..……………9 5.3.1 Desalination……………………………………………...………………9 5.3.2 Water reuse…………………………………………...…………………9 6.0 Conclusion…………………………………………………………………………9 7.0 Recommendation…………………………………………………………………10 8.0 Bibliography……………………………………………………...………………11 1.0 Introduction Water is one of our most critical resources. However, as climate change warms the atmosphere and alters the hydrological cycle, around the world it is under threat (EPA, 2013). In addition, the high population and excessive development lead to the water consumption has a significant increase (Zhang, et al. 2010). As a result, a variety of countries are facing water shortage problem, which has became a global issue. This report will compare desalination and water reuse extraction as methods of water provision in Kuwait considering cost, environmental impact and sustainability. 2.0 Background Kuwait, which located in the Arab Gulf, is one of countries that have the lowest level in renewable fresh water (Al-Mudhaf, et al.), with 0.02 km3/yr (Gleick et al....

Words: 2072 - Pages: 9

Free Essay

School of Management

...Fashion Industry Analysis From the Perspective of Business Model Dynamics Author: Lisa Gockeln University of Twente P.O. Box 217, 7500AE Enschede The Netherlands ABSTRACT The fashion industry is a dynamic and volatile place, continuously exposed to macro-environmental factors that trigger fashion business models to change. The fast fashion model is currently at the forefront of the apparel market casting questions on whether its underlying philosophy is about to change as well. Therefore, the purpose of this study is to identify external drivers that might lead to such dynamic changes in the fast fashion model. Moreover, it will be investigated whether these may allude to a possible convergence to the newly emerged slow fashion model which is currently trying to penetrate the fashion market. The international retailer Zara has served as fast fashion representative for this analysis and has been examined for business model adjustments, which might have been triggered by macroenvironmental factors. It was found that especially social, environmental and technological factors have influenced developments in the fast fashion model and that it has indeed adopted slow fashion principles in some of its building blocks to respond to such emerging trends. The future of the fashion industry appears to be tailored by such externalities, continuously reshaping the fast fashion model to eventually arrive at a version that brings a long-lasting competitive edge. However...

Words: 17049 - Pages: 69

Free Essay

Trends

...trendwatching.com’s free Monthly Trend Briefing How will YOU deliver on consumer expectations in the next 12 months? 10 crucial consumer trends 2013 December 2012 / January 2013 trendwatching.com/trends/10trends2013 Introduction: 2013 will be the perfect storm of necessity and opportunity: some economies will do OK(-ish), others will be shaky, but in whatever market or industry you’re in, those who understand & cater to changing consumer needs, desires and expectations will forever have plenty of opportunity to profit. A remapped global economy, new technologies (or ‘old’ technologies applied in new ways), new business models... hey, what’s not to like? Hence this overview of 10 crucial consumer trends (in random order) for you to run with in the next 12 months. Onwards and upwards » 1. PRESUMERS & CUSTOWNERS 2. EMERGING2 3. MOBILE MOMENTS 4. NEW LIFE INSIDE 5. APPSCRIPTIONS 6. CELEBRATION NATION 7. DATA MYNING 8. AGAIN MADE HERE 9. FULL FRONTAL 10. DEMANDING BRANDS 11. MORE-ISM w w w. t r e n d w a t c h i n g . c o m 10 crucial consumer trenDs for 2013 2 1. PRESUMERS & CUSTOWNERS “Consumers will embrace even more ways to participate in the funding and (pre-)launch of new products and brands.” 2013 will see passionate consumers embrace two innovative new ‘consumption’ models: becoming PRESUMERS and CUSTOWNERS. PRESUMERS love to get involved with, push, fund, and promote products and services before they are...

Words: 7369 - Pages: 30

Free Essay

Financial Accounting

...reported total comprehensive income, $2373m, is quoted by some investors. Alternatively, some other investors would make adjustment according to their evaluation of the quality of items that contribute to this year’s earnings. Gain on disposal seems to be a once-off item, the figure is quite consistent for the past 4 years, so it is reasonable to assume that the gain would persist in the future. However, the investment in associates should be taken out because the profit/loss fluctuated a lot over the past 4 years. Also, the gain from foreign translation is the result of the decline of exchange rate in 2013 and the high figure is not likely to persist, and thus should be excluded. Reported earnings NI2013 BV2012 BV2013 2373 25627 26022 Adjusted earnings 2314.6 25198 25602 ROE and dividend payout ratio are assumed to continue for 5 years because according to the 2013 annual report, the...

Words: 3650 - Pages: 15

Premium Essay

Mark

...Energy Economics 40 (2013) 32–39 Contents lists available at ScienceDirect Energy Economics journal homepage: www.elsevier.com/locate/eneco A model of competition in the solar panel industry Unni Pillai a,⁎, Jamison McLaughlin b a b College of Nanoscale Science and Engineering, University at Albany, SUNY, 257-Fuller Road, Albany, NY-12203, USA Ross School of Business, University of Michigan, USA a r t i c l e i n f o a b s t r a c t We develop a model of competition in the solar panel industry. Solar firms manufacture panels that are differentiated both vertically and horizontally, and compete by setting quantities. The equilibrium of the model is consistent with a set of stylized facts that we document, including variation in prices, markups and market shares across firms. We calibrate the model using a new dataset data on prices, costs and shipments of leading solar companies, as well as solar sales in four leading markets. The calibrated model is applied to evaluate the impact of a decline in the price of polysilicon, a key raw material used in the manufacture of solar panels, on the equilibrium price of solar panels. © 2013 Elsevier B.V. All rights reserved. Article history: Received 12 June 2012 Received in revised form 14 May 2013 Accepted 20 May 2013 Available online 14 June 2013 JEL classification: L19 Ł13 O30 Keywords: Photovoltaics Competition Polysilicon 1. Introduction The electricity generation sector is the leading contributor of greenhouse...

Words: 8348 - Pages: 34