英美烟草集团British American Tobacco plc (BATS) 2018年年度报告「LSE」.pdf

1、Annual Report and Form 20-F 2018Transforming TobaccoC IR Annual Report and Form 20-F 2017More available online at ReportOverviewTransforming Tobacco 01Chairmans introduction 07Our strategic framework for transforming tobacco 08Our year in numbers 10Strategic ManagementChief Executives review 12Finan

2、ce Directors overview 14Global market overview 15Our global business 16Our business model 18Delivering our strategy 20Financial ReviewFinancial performance summary 33Income statement 34Treasury and cash flow 39Other 42Regional review 43Business EnvironmentPrincipal Group risks 48GovernanceDirectors

3、ReportChairmans introduction 53Board of Directors 54Management Board 56Leadership and effectiveness 57Board activities in 2018 58Board effectiveness 60Audit Committee 64Nominations Committee 71Remuneration Report 73Responsibility of Directors 114Financial StatementsGroup Financial Statements Indepen

4、dent auditors report 115Group companies and undertakings 236Parent Company financial statements 246Other InformationAdditional disclosures 253Shareholder information 297British American Tobacco p.l.c.(No.3407696)Annual Report 2018This document constitutes the Annual Report and Accounts of British Am

5、erican 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 2018,except that certain phrases,

6、paragraphs or similar sections denoted with a symbol do not form part of the Annual Report on Form 20-F as filed 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 information in this document may be u