Stephen P Webster, Group Finance Director
Record Results
2006 has been a year of
record
investment, record results
and strong growth
Introduction
Purpose
This Performance review has been prepared solely to provide additional information to existing and potential shareholders and other interested parties to assess the Group's strategies and the potential for those strategies to succeed.
Forward looking statements
This review and other sections of this Report contain forward looking statements that are subject to risk factors, which are further explained inside the back cover of this Annual Report.
Contents
The Performance review has been prepared for the Group as a whole and therefore gives greater emphasis to those matters which are significant to Wolseley plc and its subsidiary undertakings when viewed as a whole.
Basis of preparation of financial information
As noted within Financial reporting, these financial statements are the first prepared under IFRS. In respect of five year information included in this Performance review information for years 2002, 2003 and 2004 has been prepared under UK GAAP. Information for 2005 and 2006 has been prepared in accordance with IFRS.
Revenue - Group
Trading profit - Group
