英美烟草集团British American Tobacco plc (BATS) 2017年年度报告「LSE」.pdf

1、 TransformingTobacco Annual Report and Form 20-F 2017 ContentsStrategic Report Overview Transforming Tobacco 01 Chairmans introduction 07 Our strategic framework for transforming tobacco 08 Our year in numbers 10 Strategic management Chief Executives review 12 Finance Directors overview 14 Global ma

2、rket overview 15 Our global business 16 Our business model 18 Delivering our strategy 20 Stakeholder engagement 30 Financial Review Financial performance summary 33 Income statement 34 Treasury and cash fow 38 Other 41 Regional review 42 Business environment Principal Group risk factors 48 Governanc

3、e Directors Report Chairmans introduction 55 Board of Directors 56 Management Board 58 Leadership and effectiveness 59 Board activities in 2017 60 Board effectiveness 62 Audit Committee 65 Nominations Committee 71 Remuneration Report 73 Responsibility of Directors 99 Financial Statements Group Finan

4、cial Statements 100 Independent auditors report 100 Group companies and undertakings 199 Parent Company fnancial statements 209 Other Information Additional disclosures 215 Shareholder information 240 British American Tobacco p.l.c.(No.3407696)Annual Report 2017 This document constitutes the Annual

5、Report and Accounts of British American Tobacco p.l.c.(the Company)and the British American Tobacco Group prepared in accordance with UK requirements and the Annual Report on Form 20-F prepared in accordance with the US Securities Exchange Act of 1934(the Exchange Act)for the year ended 31 December

6、2017,except that certain phrases,paragraphs or similar sections denoted with a symbol do not form part of the Annual Report on Form 20-F as fled with the SEC and certain phrases,paragraphs or similar sections denoted with a symbol do not form part of the Annual Report and Accounts.Moreover,the infor