delivering on our commitments restoring success annual review 2004 how are we doing financial performance has improved significantly operational and highlights group operating profit of 582m before restructuring impairment costs 627m an improvement 693m over 2003 accounts for approximately 30 the retained 446m earnings per share 10 pence net debt reduced to 854m gearing ratio 27 maturity extended new working capital facility secured contents 01 summary divisions 03 chairman s statement 06 chief executive 11 period 12 strip products 14 long 16 distribution & building systems 18 aluminium 20 central other 21 topics 24 board directors 26 report 28 remuneration 33 auditors 34 consolidated loss account 35 balance sheet 36 cash flow 37 reconciliation inflow movement in movements shareholders funds bc shareholder information 9 57 5 bs 6 total steel 88 0 64 corus
