雅诗兰黛Estee Lauder (EL) 2005年年度报告「NYSE」.pdf

1、THE ESTE LAUDER COMPANIES INC.767 FIFTH AVENUE NEW YORK,NEW YORK 10153THE ESTE LAUDER COMPANIES INC.2005 ANNUAL REPORTTHE ESTE LAUDER COMPANIES INC.2005 ANNUAL REPORT61117es_cvr 10/6/05 11:51 AM Page 102Portfolio of Brands06Chairmans Message08Chief Executives Review34Board of Directors35Officers36Fi

2、nancial Highlights37Selected Financial Data38Consolidated Statements of Earnings39Managements Discussion and Analysis ofFinancial Condition and Results of Operations56Consolidated Balance Sheets57Consolidated Statements of StockholdersEquity and Comprehensive Income58Consolidated Statements of Cash

3、Flows59Notes to Consolidated Financial Statements 84Managements Report on Internal Control Over Financial Reporting85Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting86Report of Independent Registered Public Accounting Firm87Stockholder InformationC

4、ONTENTSTHE ESTE LAUDER COMPANIES INC.The Este Lauder Companies Inc.is one of the worlds leading manufacturers andmarketers of quality skin care,makeup,fragrance and hair care products.The Companysproducts are sold in over 130 countries and territories under well-recognized brand names,including Este

5、 Lauder,Aramis,Clinique,Prescriptives,Origins,Tommy Hilfiger,M.A.C,Kiton,La Mer,Bobbi Brown,Donna Karan,Aveda,stila,Jo Malone,Bumble and bumble,Michael Kors,Darphin,Rodan+Fields,American Beauty,Flirt!,Good Skin,Donald Trump The Fragrance and Grassroots.THE AMERICASThe Company was founded by Este Lau

6、der in 1946 in New York City.In fiscal 2005,the Americas region represented 53%of net sales and 50%of operating income.EUROPE,THE MIDDLE EAST&AFRICAOur first international door opened in 1960 inLondon.In fiscal 2005,Europe,the Middle East&Africa represented 34%of net sales and42%of operating income.