Home Retail Group

The Group provides a comprehensive analysis of net debt directly after its cash flow statement in its financial statements. The analysis includes net debt from financing and operations and reconciles its net debt figure to the balance found within the balance sheet.

• Separate analysis of debt following immediately after primary statements
• Features both financing and operating debt, the latter including discounted operating lease commitments
• Includes management’s definition of net debt, as net debt is not defined with GAAP
• Reconciles management’s measure of net debt to the balance found within the balance sheet

See Home Retail Group annual report and financial statements page 63

Download Home Retail Group’s 2007 report