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H&M Annual Report 2013

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annual report

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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

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