travis perkins lodge way house harlestone road northampton nn5 7ug
tra vis perkins plc
annual repor t  accounts
2002
travis perkins plc annual report and accounts 2002
financial highlights 1
chairman’s statement 3
chief executive’s review 6
finance director’s report 11
corporate social responsibility statement 16
environmental report 18
health  safety report 22
directors and professional advisers 24
corporate governance 28
remuneration report 31
directors’ report 38
statement of directors’ responsibilities 40
auditors’ report 40
consolidated profit and loss account 42
balance sheets 43
statement of total 
recognised gains and losses 44
analysis of actuarial gains and losses 44
reconciliation of movements 
in equity shareholders’ funds 44
consolidated cash flow statement 45
accounting policies 46
notes to the accounts 49
five year record of group results 66
notice of annual general meeting 68
notes to notice of annual general meeting 70
other shareholder information 71
contents
registered office lodge way house harlestone road northampton nn5 7ug
tra vis perkins plc travis perkins lodge way house harlestone road northampton nn5 7ug
tra vis perkins plc
annual repor t  accounts
2002
travis perkins plc annual report and accounts 2002
financial highlights 1
chairman’s statement 3
chief executive’s review 6
finance director’s report 11
corporate social responsibility statement 16
environmental report 18
health  safety report 22
directors and professional advisers 24
corporate governance 28
remuneration report 31
directors’ report 38
statement of directors’ responsibilities 40
auditors’ report 40
consolidated profit and loss account 42
balance sheets 43
statement of total 
recognised gains and losses 44
analysis of actuarial gains and losses 44
reconciliation of movements 
in equity shareholders’ funds 44
consolidated cash flow statement 45
accounting policies 46
notes to the accounts 49
five year record of group results 66
notice of annual general meeting 68
notes to notice of annual general meeting 70
other shareholder information 71
contents
registered office lodge way house harlestone road northampton nn5 7ug
tra vis perkins plc financial highlights 1
chairman’s statement 3
chief executive’s review 6
finance director’s report 11
corporate social responsibility statement 16
environmental report 18
health  safety report 22
directors and professional advisers 24
corporate governance 28
remuneration report 31
directors’ report 38
statement of directors’ responsibilities 40
auditors’ report 40
consolidated profit and loss account 42
balance sheets 43
statement of total 
recognised gains and losses 44
analysis of actuarial gains and losses 44
reconciliation of movements 
in equity shareholders’ funds 44
consolidated cash flow statement 45
accounting policies 46
notes to the accounts 49
five year record of group results 66
notice of annual general meeting 68
notes to notice of annual general meeting 70
other shareholder information 71
contents
registered office lodge way house harlestone road northampton nn5 7ug
tra v is perkins plc
travis perkins
group branches
at 31 december
2002
travis perkins 

Summary:
 tra v is perkins plc
3
results
i am pleased to report pretax profits for the year ended 31 december 2002 of
£1376 million an increase of 245 per cent over the £1105 million earned in
2001  turnover at £14175 million was 108 per cent ahead of the previous year
operating profit before goodwill amortisation of £121 million 2001 £105
million was £1582 million compared with £1291 million in 2001 an increase of 225 per cent
basic earnings per share were up 217 per cent at 819 pence compared with 673 pence in 2001 adjusted
earnings per share prior to amortisation of goodwill and excluding profit from the sale of surplus properties
rose 213 per cent to 916 pence from 755 pence
dividend
the board is recommending a final dividend of 134 pence per share an
increase of 136 per cent on the final dividend of 118 pence for 2001
together with the interim dividend of 61 pence this would give a total
annual dividend of 195 pence per share up 134 per cent on the 
previous year
board of directors
neil clarke our senior nonexecutive director retired on 31 december 2002
having served on the board for 12 years for most of that time he was
chairman of the audit committee and of the remuneration and nominations committee  
on behalf of shareholders i thank neil for his significant contribution and wish him well in the future
chairman’s statement
for the year ended 31 december 2002
one of city plumbing’s many bathroom showrooms corporate governance
the group board has maintained its active review of all the major areas of risk to the company
reports on these risks to the group board include recommendations where necessary for any improvements in
the controls or the management of the risks a more comprehensive explanation of these controls can be found
under the corporate governance section of the annual report and accounts
outlook
after what has been another very successful year for the company customer
confidence in 2003 is so far holding up against the current background of
global uncertainty we continue to make progress with the main drivers of
growth remaining positive the full year benefits of our aggressive acquisition
programme in 2002 will provide a significant part of our earnings growth in
2003 as like for like volumes are likely to continue the flatter trend evident in the second half of the year
against this background the priority this year will be to complement our many initiatives which stimulate
organic growth by building further on our acquisition and greenfield site programmes
tra v is perkins plc
4
t e p  stevenson  chairman
the city plumbing branch at witney keyline open lorry
from broxburn branch heads
north across the forth bridge