job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
group plc
shop online at wwwmossbroscouk
moss bros group plc    annual report  accounts 201314
annual report and accounts 201314 directors and advisers
chairman
debbie hewitt
executive directors
brian brick chief executive 
robin piggott finance director
nonexecutive directors
maurice helfgott senior independent nonexecutive director 
bryan portman independent nonexecutive director 
zoe morgan independent nonexecutive director 
secretary
robin piggott
registered office 
8 st john’s hill 
london 
sw11 1sa
stockbroker
peel hunt llp 
moor house 
120 london wall 
london  
ec2y 5et
registrars
capita asset services 
the registry 
34 beckenham road  
beckenham  
kent  
br3 4tu
auditor
deloitte llp 
2 new street square  
london 
ec4a 3bz
company registration number
134995 moss bros group plc annual report  accounts 201314 i 1 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
contents
strategic report
2 headlines
3 chairman’s statement
4 strategic review
7 chief executive’s review
12 key performance indicators
13 principal risks and uncertainties
15 corporate social responsibility
directors’ report
17 board of directors
18 directors’ report
21 corporate governance report
28 directors’ responsibilities statement
30 annual statement on directors’ remuneration
32 directors’ remuneration policy
39 annual report on remuneration
accounts
50 independent auditor’s report
54 consolidated statement of comprehensive income
55 consolidated statement of changes in equity
56 consolidated statement of financial position
57 consolidated cash flow statement
58 company balance sheet
59 notes to the financial statements
shareholder information
88 notice of annual general meeting
95 form of proxy 2 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
headlines
financial 
•	 group	likeforlike	sales	of	£1222m	including	vat	up	42	201213	up	39
	 –	 likeforlike	retail	sales	up	64	
	 –	 likeforlike	hire	sales	down	64
•	 ecommerce	sales	up	2086	now	51	of	total	sales
•	 	 profit	before	tax	was	£44m	201213	£31m	201213	underlying	profit	before	taxation	£30m	
after	crediting	£04m	with	respect	to	provisions	for	onerous	lease	201213	£03m		
•	 	 ebitda	up	165	to	£92m	201213	adjusted	ebitda	£79m	driven	by	improved	sales	and	tight	
control over costs
•	 	 underlying	gross	margin	improved	in	h2	falling	in	total	for	the	year	by	only	60	basis	points	to	
590	despite	a	lower	participation	of	the	higher	margin	hire	business	in	the	overall	sales	mix
•	 	 strong	cash	balance	of	£283m	201213	£257m	cash	generated	from	operating	activities	of	£95m	
201213	£85m
•	 	 basic	earnings	per	share	on	continuing	operations	of	376	pence	201213	233	pence	per	share	
basic	 earnings	 per	 share	 on	 continuing	 operations	 before	 exceptional	 items	 of	 376	 pence	 per	 share	
201213	252	pence	per	share
•	 	 final	dividend	proposed	of	47p	total	dividend	for	the	year	50p	up	41p	on	the	previous	year	201213	
09p	a	significant	increase
operational
•	 	 adoption 	 of 	 moss 	 bros 	 as 	 the 	 master 	 brand 	 with 	 a 	 realignment 	 of 	 sub 	 brands 	 planned 	 for 	 autumn	
2014
•	 13	stores	refitted	as	part	of	the	ongoing	refit	plan	performing	to	expectation	
•	 excellent	performance	from	new	ecommerce	platform	with	sales	up	significantly
•	 strong	performance	over	christmas	with	residual	stock	successfully	cleared
 current trading
•	 	 sales	in	the	first	eight	weeks	of	the	new	financial	year	are	up	73	likeforlike	gross	profit	in	the	
eight	weeks	to	22	march	2014	is	up	64	on	the	equivalent	prior	year	period
•	 retail	sales	continue	to	show	good	growth	
•	 	 after	a	difficult	2013	for	the	wedding	hire	industry	early	season	bookings	for	2014	have	stabilised	
and the month of march has seen an upturn in bookings compared to last year it is too early to say 
if this upturn will be sustained but the business is in excellent shape to build market share the new 
transactional	website	launched	in	november	2013	is	recording	site	traffic	above	expectations		
commenting on the results and outlook brian brick chief executive officer said
“we	enter	the	new	financial	year	with	a	strong	balance	sheet	and	a	commitment	to	a	significantly	
increased dividend the ongoing cash generation of the business will support the continued investment in 
store	refits	and	develop	our	multichannel	capability	2014	will	see	an	increase	in	marketing	to	support	the	
opportunities	identified	in	the	findings	of	the	customer	insight	project	conducted	in	2013	we	will	adopt	
“moss bros” as the master brand and will launch moss branded sub brands in autumn 2014
the business is on track to achieve market expectations in 201415”
	 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	current	and	prior	financial	periods	and	compares	52	weeks	against	
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods	
likeforlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustm ent	for	the	movement	in	the	level	of	hire	deposits	held	
	 adjusted	ebitda	is	earnings	before	interest	tax	depreciation	amortisation	and	exceptional	items	on	continuing	activities
	 underlying	represents	results	before	exceptional	items moss bros group plc annual report  accounts 201314 i 3 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
chairman’s statement
i am pleased to report another year of strong progress for the group building on the extensive customer  
research 	 in 	 2013 	 we 	 continued 	 to 	 develop 	 and 	 redefine 	 both 	 the 	 moss 	 bros 	 master 	 brand 	 and 	 the 	 supporting	 
subbrands	all	the	collateral	has	been	redesigned	including	store	windows	product	advertising	and	point	 
of sale this is being rolled out across our network of stores and online in a managed programme this 
brand driven focus has given the executives a strong foundation from which to deliver growth in both sales  
and 	 profits 	 across 	 all 	 channels 	 ahead 	 of 	 market 	 expectations 	 despite 	 the 	 challenging 	 external 	 environment
total	likeforlike	sales	including	vat	reflected	a	42	increase	on	the	prior	year	profit	before	taxation	
was	£44m	compared	with	a	profit	before	taxation	and	exceptional	items	of	£30m	in	the	previous	
year	profit	before	taxation	after	exceptional	items	was	£44m	against	£31m	in	the	prior	year	ebitda	
continued	on	a	positive	trend	to	£92m	compared	with	adjusted	ebitda	of	£79m	in	the	previous	year	
similarly	our	cash	position	continues	to	be	very	strong	and	confidence	in	our	future	trading	position	has	
encouraged	the	board	to	significantly	increase	the	dividend	from	09p	to	50p	per	share	
actions to improve performance have included establishing our multichannel credentials across the 
uk	the	launch	of	a	new	hire	website	in	november	2013	the	development	of	a	number	of	international	
websites	for	retail	expanding	the	product	offerings	such	as	moss	bespoke	which	is	now	available	in	
21	stores	and	investing	in	the	uk	store	estate	including	2	new	store	openings	and	13	refits	
in	 parallel	 with	 these	 actions	 the	 team	 continues	 to	 apply	 strong	 cash	 and	 working	 capital	 controls	 and	 the	
business	continues	debt	free	with	a	healthy	cash	balance	enabling	the	board	to	adopt	a	more	progressive	
dividend policy
during	the	last	12	months	we	saw	another	significant	change	to	the	share	register	with	the	sale	by	 
laura	ashley	of	their	10	stake	this	was	successfully	taken	up	by	a	number	of	‘blue	chip’	investors
we added to the strength of the executive team with the appointment of a new commercial and operations 
director 	 with 	 specific 	 accountability 	 for 	 establishing 	 and 	 leveraging 	 the 	 moss 	 bros 	 brand 	 across 	 the 	 business
as	announced	on	14	january	2014	the	board	is	proposing	the	payment	of	a	final	dividend	of	47	pence	per	
share	to	be	paid	on	26	june	2014	to	all	shareholders	on	the	register	on	the	6	june	2014	ex	dividend	date	 
4 	 june 	 2014 	 it 	 is 	 our 	 intention 	 to 	 apply 	 a 	 progressive 	 dividend 	 policy 	 balanced 	 against 	 the 	 wider 	 investment	
needs of the business 
in	the	coming	year	we	will	accelerate	our	store	refit	programme	and	build	on	our	multichannel	offer	
in the uk and internationally the strength of the moss bros brand will allow us to enhance our position 
as	‘the	uk’s	no1	men’s	formalwear	specialist’	and	the	executive	team	is	focused	on	bringing	further	
momentum	to	that	strategy	although	we	see	a	continuation	of	competitive	market	conditions	we	are	well	
placed to build on our credentials and to grow our market share
finally	we	would	like	to	thank	our	people	for	their	continued	hard	work	and	contribution	to	another	
successful year
debbie hewitt
chairman
2 april 2014
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	cur rent	and	prior	financial	periods	and	compares	52	weeks	against 
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods 
like–forlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustme nt	for	the	movement	in	the	level	of	hire	deposits	held
	 adjusted	ebitda	is	earnings	before	interest	tax	depreciation	amortisation	and	ex ceptional	items	on	continuing	activities 4 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
strategic	review
strategy and objectives
moss	bros	group	plc	“the	group”	retails	and	hires	formal	wear	for	men	predominantly	in	the	uk	the	
group	operates	predominantly	through	moss	bros	branded	mainstream	stores	promoting	a	number	
of own branded subbrands and third party brands the group also trades through the premium savoy 
taylors	guild	fascia	where	there	is	a	historical	link	in	areas	such	as	the	strand	in	london	
the group’s vision is to be the uk’s no1 men’s formal wear specialist through creating a multichannel 
menswear	business	focused	on	our	target	customer	groups	there	are	three	pillars	to	this	strategy
1	 	 implement	a	clear	brand	strategy	leveraging	the	moss	bros	master	brand	and	complementary 
subbrands
2	 achieve	full	multichannel	capability	so	that	customers	can	shop	seamlessly	across	all	channels
3	 	 revitalise	the	customer	experience	across	all	channels	through	great	service	and	great	
environments
we	continue	to	develop	the	positioning	of	the	brand	and	to	that	end	completed	a	customer	insight	project	
during	the	first	half	of	the	year	our	customers	have	told	us	very	clearly	how	much	they	value	the	moss	
bros	brand	for	its	expertise	heritage	product	quality	and	value	for	money	but	lacked	awareness	of	our	
retailing credentials and product offer a number of initiatives are underway to exploit our market position 
and the opportunity this creates 
a	key	objective	of	our	ecommerce	initiatives	is	to	provide	a	fully	multichannel	offer	to	all	customers	
offering	a	number	of	ways	to	shop	the	project	to	create	a	single	customer	database	including	full	
customer	transaction	history	is	expected	to	complete	in	201415	and	offers	significant	opportunities	
for	the	business	our	online	performance	continues	to	grow	with	significant	increases	from	launch	in	
customer	traffic	flow	conversion	rates	and	sales	there	are	also	opportunities	to	exploit	international	 
online growth 
there are also opportunities to grow and develop our uk store estate the uk store refurbishment 
programme	remains	on	track	with	positive	results	seen	from	refitted	stores	compared	to	nonrefitted	
stores	with	refitted	stores	achieving	our	three	year	payback	target	and	an	enhanced	customer	experience	
multichannel business model
 
retail
hire
stores
ecommerce
people
uk’s no 1
 
men’s formalwear specialist
supply chain and infrastructure moss bros group plc annual report  accounts 201314 i 5 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
retail
there	are	102	moss	bros	and	savoy	taylors	guild	branded	stores	201213	102	in	total	and	31	moss	bros	
outlet	 stores	 201213	 34	 as	 at	 25	 january	 2014	 which	 trade	 moss	 bros	 own	 brands	 and	 carefully	 selected	
third	party	brands	including	hugo	boss	canali	ted	baker	dkny	and	french	connection	where	the	store	
profile	demonstrates	a	demand	for	this	type	of	product	the	vast	majority	of	the	stores	also	have	a	moss	
bros	hire	‘store	within	a	store’	operation	within	them	
in	parallel	with	operational	improvements	we	have	continued	to	review	the	positioning	of	the	moss	bros	
brand with current and potential customers and the overall perceived value of the offering the concept of  
moss 	 bros 	 for 	 hire 	 buy 	 or 	 bespoke 	 underpins 	 our 	 vision 	 to 	 be 	 ‘the 	 uk’s 	 no1 	 men’s 	 formalwear 	 specialist’	
the moss bespoke concept is a good example of leveraging our expertise in suits into a new and growing 
segment	of	high	quality	affordable	bespoke	suits	for	a	more	mass	market	not	only	does	it	add	‘theatre’	
to	the	moss	bros	offering	it	sits	well	with	the	hire	offer	as	an	alternative	for	occasions	like	weddings	it	
also enhances our reputation for quality and value for money and provides an opportunity to improve the 
footfall	and	sales	densities	in	our	larger	stores	we	have	also	successfully	opened	another	3	201213	12	
‘store	within	store’	moss	bespoke	outlets	in	other	core	moss	bros	retail	stores	during	201314	as	part	
of	the	store	refurbishment	programme	bespoke	is	now	available	in	21	201213	18	stores	across	the	
country	and	the	plan	is	for	28	201213	2	more	to	be	added	during	201415	
hire
moss bros hire is the market leader in the uk hire market and the number one recognised name for hire 
we	have	129	moss	bros	hire	outlets	as	at	25	january	2014	201213	131	all	contained	within	core	moss	
bros retail and savoy taylors guild stores 
ecommerce
our	new	retail	website	which	went	live	in	january	2013	has	seen	significant	increases	from	launch	in	
customer	traffic	flow	and	conversion	rates	our	international	focus	has	taken	shape	during	the	second	half	
of	the	financial	year	with	the	launch	of	local	currency	websites	in	denmark	sweden	and	the	republic	of	
ireland 
a new transactional hire website went live in november 2013 in preparation for the 2014 wedding season 
this is still at an early stage of growth but it is showing encouraging results
supply	chain	and	costs
the	buying	team	continually	assesses	supplier	performance	to	ensure	the	most	commercially	beneficial	
results	for	the	group	and	to	minimise	lead	times	over	the	last	few	years	we	have	introduced	direct	
sourcing	from	china	and	achieved	a	better	buying	margin	as	a	result	whilst	also	improving	the	quality	of	
our products costs remain tightly controlled with all expenditure carefully planned and monitored with 
a	continued	increase	in	sales	the	focus	has	shifted	to	process	efficiencies	enabling	us	to	further	simplify	
the business 
infrastructure
appropriate deployment of information technology is vitally important to the success of our business and in 
enabling	the	establishment	of	a	multichannel	shopping	environment	the	project	to	create	the	framework	
for	multichannel	is	due	to	complete	in	201415	and	we	have	commenced	a	project	to	upgrade	our	main	it	
systems
the	operational	efficiency	of	our	distribution	centre	based	in	barking	is	closely	monitored	options	for	
improving	its	performance	including	space	management	are	continually	appraised	by	the	operations	
team to streamline the business  6 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
strategic	review
continued
people
the need for talented and committed people across all areas of the group requires a continuing focus 
on	effective	recruitment	induction	and	performance	appraisal	and	management	training	is	provided	to	
promote staff development and reduce staff turnover rates 
employment policies do not discriminate between employees or potential employees on the grounds of 
gender	colour	race	nationality	ethnic	origin	national	origin	religion	religious	beliefs	sexual	orientation	
or	age	it	remains	the	group’s	policy	to	give	full	and	sympathetic	consideration	to	the	employment	
training	career	development	and	promotion	of	disabled	employees	special	consideration	is	given	to	the	
continuity	 of	 employment	 of	 any	 employee	 becoming	 disabled	 after	 their	 employment	 has	 commenced	 and	
where	practicable	to	the	provision	of	alternative	employment moss bros group plc annual report  accounts 201314 i 7 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
chief	executive’s	review
review of operations 
the	 group	 has	 continued	 to	 make	 good	 progress	 through	 the	 year	 a	 focus	 on	 brand	 development	 product	
operational	delivery	and	cost	control	has	enabled	us	to	grow	profits	ahead	of	market	expectations	
multichannel project
our	previously	stated	project	to	implement	a	multichannel	shopping	environment	for	our	customers	is	
nearing	completion	the	new	hire	website	launched	in	november	2013	marked	the	introduction	of	a	
single	customer	database	across	stores	and	online	including	full	transaction	history	for	customers	our	
retail stores and websites will also be incorporated into multichannel during 2014 once completed this 
will	enable	customers	to	shop	for	retail	and	hire	across	a	range	of	channels	instore	pc	tablet	mobile	
once	full	multichannel	capability	is	in	place	we	will	leverage	our	new	single	customer	database	using	
customer relationship management software tools so that we can focus customer communications on 
propositions that are relevant and appealing an option for customers to receive their in store customer 
receipt	via	email	will	also	be	introduced	as	well	as	improving	customer	convenience	we	anticipate	that	
this	will	significantly	increase	email	collection	rates	and	therefore	associated	marketing	opportunities	
retail
we	have	continued	to	implement	operational	improvements	across	the	business	continuing	our	
programme of streamlining the product range through stock management initiatives these actions 
impacted	positively	on	the	likeforlike	sales	which	were	up	by	64	on	the	previous	year	201213	41	
christmas trading in particular was above expectations and year end residual stock levels were lower than 
in the previous year
the gross margin performance was enhanced by consolidation into fewer suppliers and the gradual move 
to direct supply from the far east
we	opened	two	new	stores	in	the	uk	in	the	year	as	planned	and	closed	five	loss	making	stores	we	are	
looking at a number of new store opening opportunities in the uk in the next 12 months the group now 
trades from 133 stores
the	inherent	flexibility	in	our	property	estate	gives	us	options	in	what	we	anticipate	will	be	a	fast	changing	
retail	landscape	43	of	our	property	leases	are	due	for	renewal	within	the	next	36	months	and	the	
average lease length across the store portfolio is 53 months there will be opportunities to improve terms 
on renewal in some cases unlike many high street retailers who are looking to actively reduce their 
store 	 footprint 	 the 	 underpinning 	 of 	 hire 	 and 	 the 	 demand 	 for 	 ecommerce 	 ‘click 	  	 collect’ 	 and 	 ‘click 
 	 r e t u r n ’ 	points	together	with	advantageous	lease	deals	means	there	is	an	opportunity	to	expand	our	
store	footprint	on	a	selective	and	cost	effective	basis	with	good	returns
hire
as	reported	in	the	media	2013	was	a	difficult	year	for	the	wedding	hire	market	this	may	have	been	due	
in	part	to	the	widely	reported	‘2013	effect’	of	customers	avoiding	an	unlucky	year	although	there	is	no	
conclusive evidence of this 
overall	likeforlike	hire	sales	fell	by	64	in	the	year	the	first	decline	for	a	number	of	years	the	shortfall	
was	however	confined	to	weddings	down	95	with	eveningwear	royal	ascot	and	school	proms	up	32
we	are	confident	our	position	as	the	leading	hire	brand	will	be	maintained	through	the	product	and	
technology initiatives currently underway
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	cur rent	and	prior	financial	periods	and	compares	52	weeks	against 
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods 
like–forlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustme nt	for	the	movement	in	the	level	of	hire	deposits	held 8 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
chief	executive’s	review
continued
ecommerce
mossbroscouk	performed	very	strongly	with	the	rate	of	sales	growth	accelerating	to	209	up	on	the	
previous	year	online	sales	now	comprise	51	of	total	sales	201213	17	a	new	retail	platform	was	
launched	in	january	2013	including	nationwide	‘click	and	collect’	and	has	seen	a	50	improvement	in	
the buying conversion rate from visitors to the site since launch the addition of a mobile enabled website 
in	may	2013	has	had	an	immediate	impact	on	enhancing	our	customer	offer	site	traffic	conversion	and	
retention	rates	are	all	on	improving	trends	and	the	returns	rate	is	steady	at	20	ecommerce	has	also	
proved	to	be	a	very	efficient	means	of	clearing	end	of	lines	stock	with	faster	sell	through	rates	and	an	
improvement in prices achieved
expansion	into	international	markets	is	underway	with	dedicated	sites	launched	for	eire	sweden	
denmark and netherlands further territories are planned for 201415 
ecommerce	will	play	a	key	role	in	maximising	the	benefits	to	be	derived	from	the	capability	to	trade	in	a	
fully multichannel environment
supply	chain	and	costs
the	earlier	clearance	of	residual	stocks	has	allowed	new	seasons	stock	to	be	introduced	to	stores	earlier	
improving the customer offer and allowing much greater scope for tactical promotions 
the increase in direct sourcing of stock from the far east has increased our exposure to foreign exchange 
risk which is mitigated by the adoption of hedging
people
investment	in	staff	training	in	the	form	of	recruitment	induction	performance	appraisal	and	performance	
management continues with a wider range of courses available and increased numbers of staff being 
trained	our	customer	insight	project	confirmed	that	excellent	customer	service	is	vitally	important	to	our	
customers	particularly	given	our	intended	implementation	of	a	multichannel	shopping	environment	we	
have	strengthened	our	central	operations	marketing	ecommerce	and	merchandising	teams	in	2013
financial review
the	improvement	across	the	business	continued	in	201314	with	good	likeforlike	sales	growth	and	
continued	control	over	costs	underlying	profit	before	taxation	and	exceptional	items	on	continuing	
operations	 was	 £44m	 compared	 with	 a	 profit	 of	 £30m	 in	 the	 previous	 year	 an	 increase	 of	 £14m	 including	
a	 net	 £04m	 credit	 in	 respect	 of	 provisions	 for	 onerous	 property	 lease	 contracts	 201213	 net	 £03m	 credit
revenue
despite	the	shortfall	on	hire	overall	revenue	was	up	43	up	42	likeforlike	on	the	previous	year	to	
£1091m	retail	was	up	62	up	64	likeforlike	on	the	previous	year	as	reported	hire	had	a	difficult	
year	and	was	down	47	down	64	likeforlike	on	the	previous	year	
gross margin
underlying	gross	margin	decreased	by	60	basis	points	in	the	year	590	vs	596	due	in	part	to	the	
lower	participation	of	hire	which	is	higher	margin	in	the	overall	sales	mix
earnings per share
basic	earnings	per	share	on	underlying	earnings	where	underlying	represents	results	before	exceptional	
items	as	defined	in	note	1	of	the	financial	statements	was	376	pence	compared	to	233	pence	per	share	
last	year	diluted	earnings	per	share	on	underlying	earnings	was	353	pence	compared	to	223	pence	per	
share last year
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	cu rrent	and	prior	financial	periods	and	compares	52	weeks	against 
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods 
like–forlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustme nt	for	the	movement	in	the	level	of	hire	deposits	held
	 underlying	represents	results	before	exceptional	items moss bros group plc annual report  accounts 201314 i 9 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
basic earnings per share on total earnings was 376 pence compared to 252 pence per share last year 
diluted	earnings	per	share	on	total	earnings	was	353	pence	compared	to	242	pence	per	share	last	year
dividend
as	announced	on	14	january	2014	given	the	strong	progress	made	in	201314	and	the	ongoing	cash	
generation	the	board	feels	it	is	appropriate	to	propose	the	payment	of	a	final	dividend	of	47p	per	share	
201213	07	pence	bringing	the	total	for	the	year	to	50p	per	share	this	compares	with	09	pence	
per	share	for	the	year	ended	26	january	2013	the	final	dividend	is	to	be	paid	on	26	june	2014	to	all	
shareholders	on	the	register	as	at	6	june	2014	ex	dividend	date	4	june	2014	
investment
total	capital	expenditure	in	the	year	was	£61m	201213	£55m	and	depreciation	and	amortisation	was	
£49m	201213	£45m	this	included	the	opening	of	two	new	stores	and	the	refurbishment	of	13	stores	
the	total	capital	expenditure	included	further	investment	in	new	moss	bros	hire	inventory	of	£16m	
201213	£14m	whilst	depreciation	on	hire	inventory	was	£08m	201213	£09m
cash	and	liquidity
the	year	end	cash	balance	was	£283m	compared	to	£257m	last	year
inventory
the	mix	of	inventory	in	the	business	was	regeared	during	the	year	to	ensure	sufficient	inventory	is	
available to support sales across the business and as a consequence residual stocks at the year end were 
£03m	lower	than	the	previous	year	
trade	and	other	payables
the	terms	and	conditions	with	our	suppliers	are	reviewed	and	adjusted	so	as	to	maximise	the	average	
cash	balance	whilst	improving	the	product	gross	margin
future developments
the	board	believes	moss	bros	has	an	exciting	future	with	the	growth	of	ecommerce	underpinning	the	
move	to	multichannel	retailing	in	201415	the	adoption	of	moss	bros	as	the	master	brand	supported	
by complementary subbrands and introduction of carefully targeted marketing activity to maximise 
opportunities	to	grow	our	business	amongst	target	customers	represents	a	significant	opportunity 
the	introduction	of	customer	relationship	management	“crm”	following	the	full	implementation	of 
multichannel in 201415 and the ongoing store refurbishment programme will further enhance the 
customer experience and perceptions of the brand 
the	customer	insight	project	undertaken	in	2013	revealed	significant	potential	for	the	moss	bros	brand	
although	moss	bros	is	seen	as	having	strong	heritage	and	suiting	expertise	it	is	still	overwhelmingly	best	
known	as	a	hire	brand	the	majority	of	men	do	not	initially	think	of	moss	bros	for	suit	purchase	and	many	
are	unaware	of	the	strength	of	our	3rd	party	brand	offering	we	have	identified	the	key	drivers	of	our	brand	
and will implement a new annual brand tracking survey to monitor our progress against these critical 
factors
there	is	clearly	an	opportunity	to	improve	our	profile	amongst	potential	retail	customers	and	we	plan	to	
develop and implement an improved marketing strategy to deliver this “moss bros” is to be adopted as 
the	master	brand	in	place	of	“moss”	and	our	subbrands	ventuno	blazer	and	dehavilland	are	to	be	
realigned	with	launch	planned	for	autumn	2014	“moss	london”	will	replace	ventuno	“moss	esq”	will	
replace	dehavilland	and	“moss	1851”	will	replace	blazer
carefully targeted marketing activities will be introduced to support this initiative 10 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
chief	executive’s	review
continued
retail
as	well	as	improving	the	brand	positioning	and	product	offering	the	team	continues	the	project	to	
modernise	the	look	and	feel	of	core	moss	bros	stores	we	now	have	36	‘new	look’	stores	including	new	
store	openings	relocations	or	refits	the	wider	implementation	programme	is	being	prioritised	and	
coordinated to coincide with lease renewals so as to secure the best possible terms before committing 
expenditure	we	are	planning	28	refits	in	201415
hire
we will continue to leverage the opportunities to grow our market share through new distribution channels 
including	the	new	transactional	internet	site	launched	in	november	2013	which	marked	our	entry	into	
multichannel	and	which	has	seen	traffic	levels	above	expectations	we	will	also	exploit	new	markets	and	
the continued growth of the school proms hire market is very encouraging new product areas such as the 
ted	baker	morning	suit	launched	in	may	2013	and	continued	investment	in	hire	stock	bodes	well	for	the	
future 
early	 season	 wedding	 bookings	 for	 2014	 have	 stabilised	 with	 likeforlike	 sales	 down	 12	 after	 adjusting	
for	the	easter	2013	effect	and	the	month	of	march	has	seen	an	upturn	in	bookings	compared	to	last	year	
it is too early to say if this upturn will be sustained but the business is in excellent shape to build market 
share
moss	hire	also	offers	one	of	the	most	significant	opportunities	to	develop	our	customer	offering	by	
leveraging	the	rich	source	of	customer	data	many	of	whom	are	currently	unaware	of	or	do	not	consider	
the	moss	retail	offer	we	believe	the	opportunities	for	crm	in	the	context	of	a	multichannel	offer	are	
significant
ecommerce
we plan to further exploit growth opportunities both in the uk and overseas through building on our 
success and leveraging the advantages that full multichannel capability will bring additional websites for 
overseas markets are planned 
supply	chain		costs
our	supply	chain	continues	to	be	of	significant	importance	in	delivering	service	and	efficiencies	
we anticipate central costs will increase in line with turnover in 201415 as we increase our investment in 
marketing and our multichannel capability
capital	expenditure	for	201415	is	estimated	at	£92m	including	£56m	for	28	store	refits	
infrastructure
plans	are	in	place	to	upgrade	our	point	of	sale	stock	control	and	dc	systems	in	201415	risk	has	been	
mitigated	through	upgrading	existing	systems	rather	than	wholesale	replacement	the	upgrade	is	largely	
cost neutral with lower annual maintenance costs offsetting higher depreciation charges the upgrade 
project	will	involve	capital	expenditure	of	£08m	in	201415	additional	one	off	revenue	costs	of	£02m	will	
be incurred in 201415 and 201516 during the implementation period
as	well	as	introducing	latest	technology	the	upgrade	will	improve	business	efficiency	and	customer	
experience
with	the	introduction	of	multichannel	growth	of	ecommerce	and	shortening	of	product	lead	times	the	
efficiency	of	the	distribution	centre	is	central	to	our	ability	to	serve	our	customers	the	investment	in	it	in	
201415	will	underpin	the	operational	efficiencies	introduced	in	2013	and	enable	further	improvements	to	
be made 
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	cur rent	and	prior	financial	periods	and	compares	52	weeks	against 
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods 
like–forlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustme nt	for	the	movement	in	the	level	of	hire	deposits	held moss bros group plc annual report  accounts 201314 i 11 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
people
we plan to maintain our focus on staff training and development with increased emphasis on improving 
customer satisfaction within a multichannel environment
outlook
these	results	reflect	another	period	of	good	progress	for	the	company	
we continue to make good progress in the delivery of our strategic priorities the modernisation of the 
store portfolio is achieving the anticipated returns and our plans for the implementation of a multichannel  
shopping environment are on track the decision to return to the master brand “moss bros” was supported  
by strong and compelling feedback from our customer insight programme and we look forward to the 
realignment and launch of our subbrands in autumn 2014 this research is helping us to prioritise how 
best to leverage the resonance the brand has with current and potential customers of all age groups
hire	having	had	a	difficult	2013	for	wedding	related	hire	is	showing	some	signs	of	some	recovery	and 
we are well placed to maximise revenues in the 2014 wedding season the early response to the 2014 
springsummer	retail	range	is	positive	with	retail	likeforlike	sales	continuing	to	improve	year	on	year	
as we move out of the winter clearance activity 
the	group’s	trading	performance	continues	positively	in	line	with	the	board’s	expectations
brian brick
chief	executive	officer
2 april 2014
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	current	and	prior	financial	periods	and	compares	52	weeks	against	
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods	
likeforlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustm ent	for	the	movement	in	the	level	of	hire	deposits	held 12 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
key	performance	indicators
management	monitors	progress	by	reference	to	a	number	of	key	performance	indicators	“kpis”	these	
kpis are applied on a groupwide basis across all stores
uk’s no1 men’s formal wear specialist 201314 201213
strategic 
growing our market by becoming fully multichannel
•	units	per	customer	transaction
•	average	selling	price	per	item
•	ecommerce	share	of	group	revenue
 
26
£41
51
 
25
£43
17
revitalise our customer offer through our store presentation
•	average	transaction	value	atv
•	inventory	turnover	weeks
 
£110
195
 
£109
210
financial
lfl sales growth
•	retail
•	hire
•	total
 
up 64
down 64 
up 42
 
up	41 
up	31 
up	39
gross	profit	margins
•	retail
•	hire
•	total
 
543 
847 
590
 
545 
838 
596
return	on	store	capital	investment	on	refitted	stores
•	payback	trend	on	refitted	stores	months
 
360
 
364
corporate social responsibility
•	carbon	emissions	‘000	tonnes
			scope	1	directly	controlled
			scope	2	indirectly	controlled
 
445 
361
 
– 
–
	 	 return	on	store	capital	investment	on	refitted	stores	is	calculated	based	on	the	in creased	monthly	gross	profit	on	refitted	stores	divided	by	
capital expenditure incurred based on a target payback period of 36 months
	 	 statutory	carbon	reporting	disclosures	required	by	companies	act	2006	strategi c	report	and	directors’	report	regulations	2013	
disclosure not required in 201213 moss bros group plc annual report  accounts 201314 i 13 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
principal risks and uncertainties
the board monitors principal risks and uncertainties and implement measures to mitigate their risk on 
the business an assessment of these is shown below
business  
area
 
risk to company
 
mitigation of risk
assessment of change in 
risk year on year
hire the hire business demands 
the highest  
level of customer service 
this is delivered through a 
highly	developed	and	efficient	
infrastructure which enables 
consistent	‘delivery	to	promise’	
any disruption to this 
infrastructure would affect our 
ability to maintain customer 
service levels
we have a dedicated customer 
service team which actively 
seek to resolve any customer  
service issues arising 
we are continually refreshing 
and replenishing our stock of 
hire garments to ensure we are 
able to cater for all occasions 
whenever they fall due
the	risk	is	ongoing	 
however we are better  
able to address customer 
service issues as we have 
expanded our customer service 
team during the year 
we have opened up our market 
during the year through 
the introduction of a new 
transactional hire website 
which went live in november 
2013 in preparation for the 2014 
weddings season
retail and 
bespoke
factors outside our  
control such as an economic 
downturn affecting the uk 
may have a material adverse 
effect on results 
as a retail business based and 
operating predominantly in the 
uk	we	are	particularly	exposed	
to any economic downturn 
in the uk which could affect 
consumer	confidence	and	
therefore spending
we continually focus on 
maintaining	our	product	quality	
customer service and supplier 
relationships	whilst	retaining	
our	competitive	position	
including in value and pricing
this risk has reduced during 
201314 through greater 
market development with 
crosschannel and 
geographical market expansion 
overseas the current economic 
outlook is also generally 
perceived to be stronger than it 
was in 201213
we have improved our product 
range with mix and match and 
package offerings appealing to 
all	levels	of	customer	profile
ecommerce customer service is  
as important online  
as offline
ease of navigationability to 
transact quickly on the website 
is key to generating sales 
online
keeping up with competitor 
offerings in being able to 
interact with the product 
online	offering	product	choice	
and	availability	and	allowing	
multiple payment and delivery 
options are key to growing our 
online presence
ensuring a secure online 
marketplace is also vital  
for customers to be able  
to transact safely
we are continually developing 
our website offering in order to  
become fully multichannel 
our	new	‘click		collect’	
retail website which went 
live in january 2013 has 
seen	significant	increases	
in	customer	traffic	flow	and	
conversion rates from launch 
we have implemented security 
policies	rules	and	technical	
measures to protect customer 
data
with the increase in trade 
through ecommerce and 
importance in our strategy of 
becoming	fully	multichannel	
the risk has increased during 
the year 
the risk has been partly 
mitigated through the 
introduction of new and 
improved ecommerce 
channels 14 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
principal risks and uncertainties
continued
business  
area
 
risk to company
 
mitigation of risk
assessment of change in 
risk year on year
brand image maintaining our store 
presentation is important 
for attracting customers and 
growing our brand
the historical underinvestment 
in the store estate in previous 
years has meant that some 
of our stores lack the level of 
presentation that we require 
to grow the business and the 
brand 
we are undergoing a store 
redevelopment programme to 
both modernise the look and 
feel of the stores and to meet 
more routine maintenance that 
has been deferred for many 
years
the risk has been reduced 
during the year with the 
progression of the store 
redevelopment programme
costs cost price increases  
and currency fluctuation could 
have a materially adverse 
affect on results
a	fluctuation	in	currency	rates	
could materially affect the 
group’s cost base and margins 
management has mitigated the 
cost	price	risk	as	a	significant	
proportion of inventory is 
direct sourced and prices have 
been agreed as a result of 
competitive tendering 
in	addition	the	group	
operates a treasury policy 
which hedges the foreign 
exchange risk from such 
direct sourcing arrangements 
management closely monitor 
the effectiveness of these 
arrangements
the risk is ongoing  
however is continually 
monitored and addressed
supply chain a disruption to supplier 
continuity may adversely 
affect our operation 
suppliers going out of business 
could	have	a	significant	impact	
on our ability to meet demand  
in store and online
we are continually  
reviewing and refreshing our 
supplier	list	the	diversification	
of product buying across a 
range of suppliers limits the 
group’s overreliance upon any 
individual supplier 
the	risk	is	ongoing	however	is	
continually addressed
distribution 
centre dc
operating our distribution 
centre from one location 
leaves the group exposed 
to business catastrophes 
occurring at that location
any business catastrophe 
affecting our distribution centre 
could severely affect the 
group’s ability to supply to 
stores and customers
we continually review and 
monitor our disaster recovery 
plan to ensure that all business 
risks are adequately covered 
our	financial	risk	of	operating	
from one location is mitigated  
through our insurance cover 
with new and increased 
operating pressures on the 
dc	through	multichannel	
the reliance and consequent 
exposure to risk of the dc 
failing has increased during the 
year
we continually review and 
improve management 
processes within our 
distribution chain
people the group’s reliance on 
key management and other 
personnel could put pressure 
on the business  
if they were to leave
attracting and retaining high 
calibre people is a key priority 
and a central focus in striving 
for excellent customer service 
across the group’s business 
channels 
people development continues 
to be improved so that the 
group can take full advantage 
of the recovery in its 
performance long term 
incentive share awards were 
granted to senior employees 
during the year to more closely 
align their interests to those of 
the	group	and	a	saye	scheme	
is in operation
the	risk	is	ongoing	however 
we are in a strong position 
to review our resource 
requirements with a view 
to effective recruitment 
and selection to limit such 
pressures on the business moss bros group plc annual report  accounts 201314 i 15 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
corporate	social	responsibility
the	board	recognises	its	responsibilities	in	respect	of	social	environmental	and	ethical	“see”	matters	
with	the	chief	executive	officer	having	overall	board	responsibility	for	group	environmental	management 
training
we are committed to developing and training our employees and place great importance on harnessing 
talent and driving business performance we have continued to deliver training to our store management 
teams	including	selling	skills	product	knowledge	recruitment	skills	and	performance	management	 
diversity 
employment policies do not discriminate between employees or potential employees on the grounds of 
gender	colour	race	nationality	ethnic	origin	national	origin	religion	religious	beliefs	sexual	orientation	
or	age	it	remains	the	group’s	policy	to	give	full	and	sympathetic	consideration	to	the	employment	training	
career development and promotion of disabled employees special consideration is given to the continuity 
of	employment	of	any	employee	becoming	disabled	after	their	employment	has	commenced	and	where	
practicable	to	the	provision	of	alternative	employment
at	25	january	2014	the	number	of	employees	was	as	follows 
employees fte male  female  total
executive directors 2 100 0 0 2
nonexecutive directors 2 50 2 50 4
senior	leadership	team	 7	 70	 3	 30	 10
employees 663 72 264 28 927
	 employees	below	director	level	who	have	authority	and	responsibility	for	planning	 directing	and	controlling	the	company
 
communication
the	group	recognises	the	benefits	of	keeping	employees	informed	of	the	progress	of	the	business	and	 
of	involving	them	in	the	company’s	performance	during	the	period	employees	were	provided	with	
information	about	the	group’s	performance	and	on	other	matters	of	concern	to	them	as	employees	 
through	telephone	conference	calls	regular	newsletters	notice	boards	reports	team	briefings	and	
conferences 16 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
corporate	social	responsibility
continued
greenhouse gas emissions statement
the	group	does	not	operate	in	a	business	sector	which	gives	rise	to	significant	pollution	but	the	board	
recognises that the business could have an impact on the environment the board is committed to 
managing and improving the ways in which its activities affect the environment
assessment parameters
baseline year 201314
consolidation approach operational control
boundary summary all facilities under operational control were included
consistency	with	the	financial	statements	 	 the	use	of	the	operational	control	approach	causes	a	variation	
to those assets used and controlled by the group as discussed 
in	our	financial	statements	the	business	operates	from	a	
portfolio	of	high	street	shopping	centre	and	factory	outlet	
stores all held under operating leases these are included in 
our emissions table however are not listed on our statement 
of	financial	position	however	10	leases	have	areas	sublet	
to tenants these areas sublet are not under our operational 
control and therefore are not included in our emissions table 
ghg measurement basis used defra 2013
assessment methodology defra guidance
materiality	threshold	 	 the	group	has	not	applied	a	materiality	threshold	therefore	
there are no exclusions
intensity measurement tonnes of co
2
	per	£m	revenue	
summary ghg emissions data for 201314
   201314
   	 tco
2
e£m 
  activity	 tco
2
e	 revenue
scope 1  stores distribution 240 22
  business travel 65 06
  gas 109 10
  air conditioning 31 03
scope 2  purchased electricity 361 33
statutory	total	scope	1		2	 	 	 806	 74
intensity	measurement	 	
tonnes of co
2
e	per	£m	revenue	 	 	 74
revenue	201314	£m	 	 	 109
	 	 statutory	carbon	reporting	disclosures	required	by	companies	act	2006	strategic 	report	and	directors’	report	regulations	2013 moss bros group plc annual report  accounts 201314 i 17 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
board of directors
directors
debbie hewitt mbe	50	nonexecutive	chairman	joined	the	board	on	1	june	2009	as	an	independent	
nonexecutive	director	and	became	nonexecutive	chairman	on	27	april	2010	acting	chairman	from	 
25	march	2010	she	is	also	nonexecutive	chairman	of	evander	group	white	stuff	limited	and 
hr	owen	plc	and	a	nonexecutive	director	of	ncc	group	plc	redrow	plc	domestic	and	general	and 
bgl group she was previously the managing director of rac plc
brian brick	53	chief	executive	officer	joined	the	board	as	an	independent	nonexecutive	director	on	 
1 september 2008 and was appointed chief executive on 19 march 2009 having been acting chief executive 
since 19 january 2009 he is a director of ambleside consulting limited and ambleside estates limited 
he successfully sold specialty retail company limited in 2005
robin piggott	56	finance	director	joined	the	board	on	28	june	2010	as	finance	director	he	joined	
alexon	group	plc	in	1987	holding	a	variety	of	financial	and	commercial	roles	and	becoming	finance	
director	in	1995	prior	to	this	he	held	senior	financial	roles	at	granada	group	plc	and	geest	industries	plc
maurice helfgott	45	senior	independent	nonexecutive	director	joined	the	board	on	19	october	2010	
as	senior	independent	nonexecutive	director	he	also	chairs	the	remuneration	committee	he	is	the	
founder	director	of	amery	capital	chairman	of	oliver	sweeney	long	tall	sally	and	myoptique	group	
he	was	previously	a	main	board	director	of	marks	and	spencer	plc	and	formerly	executive	director	of	
menswear
bryan portman	65	nonexecutive	director	joined	the	board	on	1	july	2011	he	also	chairs	the	audit	
committee bryan has been finance director of a number of retail and financial services businesses  
his	most	recent	executive	role	was	as	chief	financial	officer	of	the	cooperative	group	until	he	left	in	
2007	and	prior	to	joining	the	cooperative	group	was	chief	executive	at	britannic	group	plc	before	that	
he	held	senior	management	and	financial	roles	within	lloyds	tsb	group	plc	and	safeway	plc	he	is	also	
chairman of family action charity
zoe morgan	51	nonexecutive	director	joined	the	board	on	1	november	2012	zoe	has	been	marketing	
director	 of	 a	 number	 of	 significant	 retail	 consumer	 and	 financial	 services	 businesses	 including	 marketing	
director	of	the	cooperative	group	boots	plc	and	hbos	she	has	a	broad	commercial	background	in	
multisite	retail	businesses	with	a	strong	skill	set	in	strategy	brand	management	and	crm	she	holds	
other	nonexecutive	directorships	in	kind	consumer	limited	the	good	care	group	and	burbidge		son	
limited 
audit committee
of the board
remuneration committee
of the board
nomination committee
of the board
b	portman	chairman m	helfgott	chairman d	hewitt	chairman
d	hewitt	until	1	february	2014 d hewitt m helfgott
m helfgott b portman b portman
z	morgan	from	1	february	2014 z	morgan	from	1	february	2014 z	morgan	from	1	february	2014 18 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
directors’ report
the	directors	of	moss	bros	group	plc	present	their	annual	report		accounts	and	audited	financial	
statements for the period ended 25 january 2014 the group is also required to set out in this report a 
review of the business of the group during the period ended 25 january 2014 and of the position of the 
group at the period end together with a description of the principal risks and uncertainties facing it  
the	information	which	fulfils	these	requirements	can	be	found	in	the	strategic	report
dividends	
given the excellent progress made in 201314 and the exciting prospects for further growth the board feels 
it	is	appropriate	to	propose	the	payment	of	a	final	dividend	
a	dividend	of	47	pence	per	share	201213	07	pence	per	share	is	proposed	to	be	paid	on	26	june	2014	 
to	all	shareholders	on	the	register	as	at	6	june	2014	ex	dividend	date	4	june	2014	and	in	line	with	the	
board’s	policy	will	be	monitored	to	ensure	we	achieve	robust	dividend	cover	over	time	it	is	the	board’s	
intention	to	achieve	a	onethird	twothird	split	for	the	interim	and	final	dividend	in	future	years
share capital
the	company	has	99311580	ordinary	shares	of	£005	in	issue	as	at	25	january	2014	there	are	no	
restrictions	on	the	size	of	individual	holdings	or	on	the	transfer	of	these	shares	or	on	the	voting	rights	
attached to them each share carries the right to one vote at a general meeting of the company
section	992	of	the	companies	act	2006	‘‘the	act’’	which	implements	the	eu	takeovers	directive	requires	
the group to disclose certain information these requirements are dealt with elsewhere in the annual 
report	and	accounts	however	the	following	additional	disclosures	are	required
the board of directors is responsible for the management of the business of the group and may exercise 
all	the	powers	of	the	group	subject	to	the	provisions	of	the	relevant	statutes	the	company’s	existing	
memorandum	of	association	and	the	articles	of	association	‘‘the	existing	articles’’	the	existing	articles	
contain	specific	provisions	and	restrictions	regarding	the	company’s	power	to	borrow	money	powers	
relating to the issuing and buying back of shares are also included in the existing articles and such 
authorities are renewed by shareholders annually at the company’s annual general meeting
substantial shareholders
the	group	had	been	notified	of	the	following	significant	shareholders	and	interests	in	shares	being	
shareholders	holding	more	than	3	of	the	company’s	share	capital	of	the	group	in	march	2014	pursuant	
to	section	793	of	the	act
	 	 	of	voting
 number of rights and issued
 shares share capital
legal		general	investment	management	 9125000	 919
sfm	uk	management	llp	 8994200	 906
fidelity	worldwide	investment	 8383060	 844
etx	capital	 7474658	 753
blackrock	investment	management	uk	 7356503	 741
malborough	fund	managers	 4965000	 500
schroder	investment	management	 4600000	 463 moss bros group plc annual report  accounts 201314 i 19 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
the group is not aware of any agreements between holders of these shares which may result in restrictions 
on the transfer of securities or voting rights
no	person	holds	shares	with	specific	rights	regarding	control	of	the	company
the company currently does not operate any employee share schemes in relation to which there are  
shares with rights with regard to the control of the company
there are no agreements between the company and its directors or employees which provide for 
compensation	for	loss	of	office	or	employment	which	occurs	because	of	a	takeover	bid
annual general meeting
the	resolutions	to	be	proposed	at	the	annual	general	meeting	which	will	be	held	on	23	may	2014	 
together	with	explanatory	notes	appear	in	the	notice	of	meeting	sent	to	all	shareholders	with	a	form	 
of proxy
the	following	resolutions	will	be	proposed	at	the	annual	general	meeting	as	special	resolutions
a	 	 disapplication	of	preemption	rights	–	authorise	the	directors	of	the	company	to	issue	equity	
securities	of	the	company	for	cash	without	first	offering	them	to	existing	shareholders
b	 	 authority	to	buy	in	shares	–	authorise	the	directors	of	the	company	to	make	market	purchases	of	the	
company’s shares
c	 	 notice	of	meeting	–	approve	the	calling	of	a	general	meeting	of	the	company	on	not	less	than	14	clear	
days’ notice
the directors are of the opinion that all the resolutions to be proposed at the annual general meeting are 
in the interests of the company’s shareholders as a whole and for reasons explained within this annual 
report and the notice of meeting they recommend shareholders to vote in favour of the resolutions to be 
proposed at the annual general meeting
directors
the current board of directors is shown on page 17 of this annual report all served as directors 
throughout the period
appointments to the board are recommended by the nominations committee and are made in accordance 
with 	 the 	 provisions 	 of 	 the 	 articles 	 in 	 line 	 with 	 best 	 practice 	 all 	 executive 	 directors 	 and 	 nonexecutive 	 directors	
have offered themselves for reelection by the shareholders at the forthcoming annual general meeting
the	board	confirms	that	following	a	review	of	the	skills	and	experience	of	the	directors	it	is	satisfied	that	
maurice	helfgott	bryan	portman	and	zoe	morgan	and	the	chairman	debbie	hewitt	remain	independent	 
of the management of the group 
during	the	year	the	group	maintained	liability	insurance	for	its	directors	and	officers	which	remains	in	
force at the date of this report
in	accordance	with	the	act	conflicts	of	interests	provisions	which	came	into	force	on	1	october	2008	a	
register	of	conflicts	has	been	established	the	group’s	existing	articles	give	the	directors	authority	to	
approve	a	director’s	conflict	or	potential	conflict	of	interest 20 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
directors’ report
continued
the	interests	of	the	directors	in	the	ordinary	shares	of	the	group	on	25	january	2014	were
 number of shares at number of shares at
 25 january 2014 26 january 2013
debbie hewitt 715756	 715756
brian brick 2219153	 2219153
robin piggott 258213	 258213
maurice helfgott 350000	 80000
bryan portman 100000	 80000
zoe	morgan	 47775	 12449
no director has any interests in the shares of any subsidiary undertaking there has been no change in the 
beneficial	interests	held	by	the	directors	since	the	balance	sheet	date	no	other	directors	have	interests	in	
the group
brian brick and robin piggott also participate in the group’s longterm incentive plan details are set out 
in the directors’ remuneration policy on pages 32 to 38 moss bros group plc annual report  accounts 201314 i 21 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
corporate	governance	report
chairman’s introduction
the	board	has	a	wide	range	of	responsibilities	and	my	overall	objective	is	to	ensure	that	the	board	has	
the right mix of skills and experience to leverage the opportunities and overcome the challenges that the 
company	faces	and	that	it	works	effectively	as	a	team	to	identify	prioritise	communicate	and	review	the	
delivery of the goals of the company we ensure that there is the right mix of enquiry and support to the 
executive directors from the nonexecutives
the nonexecutive directors discuss and agree the strategy with the executive directors and hold the 
executives	accountable	for	its	execution	we	ensure	that	we	have	the	most	talented	team	to	execute	this	
strategy	and	we	set	the	tone	for	governance
the	board	is	committed	to	maintaining	the	highest	standards	of	corporate	governance	specifically	
ensuring that we send out consistent messages on the core values of the company and acceptable 
behaviours	we	have	made	good	progress	in	achieving	best	practice	and	we	regularly	review	the	context	
progress	and	maintenance	of	these	standards	for	the	benefit	of	all	of	our	stakeholders
debbie hewitt
chairman
statement of compliance with the uk corporate governance code 2012 “the code”
the group is committed to the principles of corporate governance contained in the uk corporate 
governance	code	that	was	issued	in	2012	by	the	financial	reporting	council	‘the	code’	for	which	the	
board is accountable to shareholders the board regularly reviews the effectiveness of the group’s risk 
management	and	internal	control	systems	which	is	further	discussed	on	pages	26	and	27	
compliance	with	the	code	reviewed	regularly	and	throughout	the	year	ended	25	january	2014	the	board	
confirms	that	it	has	fully	complied	with	the	provisions	set	out	in	the	code	
the	company	has	applied	the	principles	set	out	in	the	code	including	both	the	main	principles	and	
the	supporting	principles	by	complying	with	the	code	as	reported	above	further	explanation	of	how	
the principles have been applied is set out below and in the directors’ remuneration report and audit 
committee report
leadership
the role of the board
at	9	april	2013	the	board	consisted	of	the	chairman	three	nonexecutive	directors	and	two	executive	
directors	the	chairman	of	the	board	is	debbie	hewitt	who	joined	the	board	as	an	independent	non
executive director on 1 june 2009 and was appointed acting chairman from 25 march 2010 and chairman 
from 27 april 2010 maurice helfgott is the senior independent nonexecutive director the group 
considers	maurice	helfgott	bryan	portman	zoe	morgan	and	the	chairman	debbie	hewitt	to	continue	to	
display all of the qualities of independence as set out in the code 
board	papers	containing	relevant	commercial	and	financial	information	are	normally	provided	to	all	
board members in the week prior to a board meeting to enable the directors to consider the issues for 
discussion the board regularly reviews the type and amount of information provided the board plans 
to meet at least six times a year including two meetings to review and discuss the strategic issues facing 
the	company	the	board	also	holds	meetings	as	appropriate	to	fulfil	the	ongoing	requirements	of	the	
business during the year
board committees
in	accordance	with	the	code	and	corporate	governance	best	practice	the	board	has	established	a	number	
of	committees	all	of	the	committees	have	written	terms	of	reference	approved	by	the	board 22 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
corporate	governance	report
continued
audit committee
the	audit	committee	is	chaired	by	bryan	portman	mba	fcca	fcis	and	during	the	financial	year	also	
comprised	debbie	hewitt	mba	fcipd	and	maurice	helfgott	mba	the	terms	of	reference	for	the	audit	
committee	provide	that	the	chief	executive	officer	and	finance	director	are	invited	to	attend	the	meetings	
as appropriate 
there	is	an	opportunity	for	any	employee	in	confidence	to	raise	any	concerns	with	management	about	
possible	impropriety	in	financial	or	other	matters	the	company	has	established	an	internal	confidential	
helpline which is independent of line management
the	 board	 has	 delegated	 to	 the	 audit	 committee	 responsibility	 for	 ensuring	 the	 financial	 statements	 when	
taken	as	a	whole	are	fair	balanced	and	understandable	the	audit	committee	has	considered	all	matters	
brought to its attention during the year the audit committee has also considered whether there were any 
areas	where	they	required	more	information	in	order	to	decide	if	the	annual	report	is	fair	balanced	and	
reasonable and made arrangements for this information to be reported to them the committee met four 
times during the year and reported to the board on all matters relating to the regulatory and accounting 
requirements	affecting	the	group	together	with	the	financial	reporting	and	internal	control	procedures	
including	the	annual	and	interim	financial	statements	
in	addition	the	audit	committee	ensures	that	an	objective	and	professional	relationship	is	maintained	with	
the external auditor the external auditor may attend all meetings of the audit committee and have direct 
access to the audit committee and its chairman
the	audit	committee	also	reviews	the	possible	risks	facing	the	group	the	risk	management	function	and	
internal	controls	the	committee’s	review	of	the	interim	and	full	year	financial	statements	focused	on	the	
following	key	areas	affecting	the	group’s	financial	reporting	
valuation	of	property	plant	and	equipment	
the	estimated	useful	lives	of	noncurrent	assets	is	considered	to	be	a	key	area	of	judgement	particularly	
given the nature of the business
valuation	of	inventory	and	related	provisions
inventory	is	a	significant	value	on	the	group’s	statement	of	financial	position	and	there	is	an	element	of	
judgement	relating	to	the	inventory	provision
measurement and accounting for sharebased payments 
the assumptions behind the group’s estimate of equity instruments that will eventually vest is considered 
a	key	area	of	judgement
revenue recognition on hire and bespoke deposits
revenue	is	deferred	until	collection	of	goods	arises	the	movement	and	amount	deferred	is	significant	to	
the	financial	statements	
other	areas	of	focus	considered	by	the	committee	were
onerous leases
the assumptions underlying these calculations are highly sensitive to small changes
deferred taxation 
the	carrying	amount	of	deferred	tax	assets	are	reviewed	at	each	balance	sheet	date	and	a	judgement	
made	over	the	probability	of	there	being	sufficient	taxable	profits	arising	in	the	future	to	allow	all	or	part	of	
the asset to be recovered moss bros group plc annual report  accounts 201314 i 23 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
a memorandum was prepared by the board at the interim and year end which was reviewed by the audit 
committee	which	sets	out	these	key	risks	and	judgements	and	how	they	have	been	addressed	by	the	
board	in	their	preparation	of	the	financial	statements	these	areas	of	focus	were	also	addressed	at	the	
planning stage of the external audit and the external auditor’s conclusions were closely monitored by the 
committee
the terms of reference for the audit committee are available from the company secretary and at 
wwwmossbroscouk
remuneration committee
the	remuneration	committee	is	chaired	by	maurice	helfgott	and	during	the	financial	year	also	comprised	
debbie hewitt and bryan portman the annual statement on directors’ remuneration is set out on page 30
the terms of reference for the remuneration committee are available from the company secretary and at 
wwwmossbroscouk
nomination committee
the nomination committee is chaired by debbie hewitt and all the nonexecutive directors are members 
it	monitors	and	reviews	the	membership	of	the	succession	to	the	board	of	directors	it	identifies	and	
recommends potential executive and nonexecutive directors to the board
the terms of reference for the nomination committee are available from the company secretary and at 
wwwmossbroscouk
executive	trading	committee
the	executive	management	team	of	the	group	consists	of	the	two	executive	directors	and	senior	
members of the management team
the	 executive	 management	 team	 as	 well	 as	 monitoring	 and	 controlling	 the	 daytoday	 management	 of	 the	
business	regularly	reviews	the	strategic	aims	of	the	group	and	capital	and	revenue	expenditure
division	of	responsibilities
brian	brick	is	the	chief	executive	officer	and	together	with	the	executive	management	team	is	responsible	
for coordination of the group’s business activities the structure of the board provides a balance whereby 
no individual or group can dominate the board’s decision making brief details of each director’s other 
directorships are disclosed on page 17
the	board	is	responsible	for	setting	the	group’s	strategic	direction	the	establishment	of	group	policies	
and internal controls and the monitoring of operational performance it meets regularly throughout the 
year	and	in	addition	to	the	routine	reporting	of	financial	and	operational	issues	reviews	each	of	the	trading	
areas and key functions
the	board	has	a	schedule	of	matters	specifically	reserved	to	it	for	decision	and	delegates	certain	issues	
and powers to the board committees the schedule of reserved matters is reviewed by the board
effectiveness
the composition of the board
the	articles	provide	that	onethird	of	the	directors	shall	retire	from	office	by	rotation	furthermore 
article 92 of the existing articles requires a director to stand for reelection if they were not appointed or 
reappointed at either of the last two annual general meetings and article 90 requires directors to stand 
for reelection if they have served as a director for a continuous period of more than nine years
notwithstanding	the	provisions	of	the	articles	in	compliance	with	best	practice	all	directors	offer	
themselves for reelection annually 24 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
corporate	governance	report
continued
evaluation	of	the	board’s	performance	has	been	conducted	through	individual	questionnaires	followed	by	
a review of the output by the board and an action plan of improvements this includes a review of progress 
on	the	actions	agreed	in	the	previous	year’s	review	a	review	of	the	individual	contribution	of	non	executives	
and a review of the chairman
appointments to the board
board	members	are	appointed	by	the	board	on	the	recommendation	of	the	nomination	committee	which	 
is	chaired	by	the	chairman	and	consists	of	the	nonexecutive	directors	although	the	chief	executive	 
officer	is	invited	to	meetings	as	appropriate
copies of the executive directors’ service contracts with the company and copies of the nonexecutive 
directors’ letters of appointment with the company are available from the company secretary
training	and	development
on	appointment	to	the	board	and	to	any	board	committee	every	director	is	provided	with	appropriate	
induction and training to enable them to discharge their duties as a director additional training may be 
sought as necessary
the board has conducted a review of its effectiveness and the effectiveness of each individual director 
the conclusions of the review have been presented to and discussed by the board as a whole and actions 
resulting from this review will be kept under review during the forthcoming year the senior independent 
director 	 separately 	 reviews 	 the 	 performance 	 of 	 the 	 chairman 	 with 	 input 	 from 	 executive 	 and 	 nonexecutive	
directors
reelection
subject	to	reelection	at	the	first	agm	after	which	they	were	appointed	nonexecutive	directors	are	
appointed initially for a three year term the group will take into account the balance of skills and 
experience	on	the	board	their	contribution	and	level	of	independence	when	considering	whether	to	extend	
their appointment beyond the initial term the board may ask a nonexecutive director to remain for a 
further term the nonexecutive directors’ contracts are terminable on three months’ notice and the 
chairman’s on six months’ notice
meetings and attendance
the board held six meetings during the year the attendance of each of the directors at these meetings  
and	committee	meetings	where	appropriate	is	detailed	below
 committee meetings
 board meetings audit remuneration nomination
number of meetings 6 4 2 1
debbie hewitt 6 4 2 1
maurice helfgott  6 4 2 1
brian brick 6 – – –
robin piggott 6 – – –
bryan portman  6 4 2 1
zoe	morgan		 6	 –	 –	 –
information and support
all	directors	have	access	to	the	advice	of	the	company	secretary	who	is	responsible	to	the	board	for	
ensuring that procedures are followed in addition the directors are able to seek appropriate independent 
professional advice at the group’s expense moss bros group plc annual report  accounts 201314 i 25 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
the	board	takes	significant	measures	to	ensure	that	all	board	members	are	kept	aware	of	both	the	views	
of	the	major	shareholders	and	changes	in	the	major	shareholdings	of	the	group
the	board	ensures	twoway	communication	with	major	shareholders	through	broker	briefings	and	
feedback	from	the	executive	directors	following	meetings	with	major	shareholders	the	chairman	also	
meets	with	major	shareholders	on	a	regular	basis	
audit committee and auditors
during	 the	 period	 ended	 25	 january	 2014	 the	 group’s	 external	 auditor	 deloitte	 llp	 provided	 advice	 to	 the	
group	the	fees	paid	to	deloitte	for	nonaudit	services	were	£6000	201213	£22000	the	use	of	deloitte	
llp for nonaudit work was carefully evaluated by the audit committee and the board
the	audit	committee	views	the	independence	and	objectivity	of	the	group’s	auditor	as	essential	and	
ensures	that	deloitte	is	not	instructed	on	any	issues	which	would	prejudice	this	the	audit	committee	
obtains	written	confirmation	on	at	least	an	annual	basis	of	the	independence	of	the	external	auditor
to	fulfil	its	responsibility	regarding	the	independence	of	the	external	auditor	the	audit	committee	also	
reviewed
•	 	 the	external	auditor’s	plan	for	the	current	year	noting	the	role	of	the	senior	statutory	audit	partner	
who	signs	the	audit	report	and	who	in	accordance	with	professional	rules	has	not	held	office	for	
more	than	five	years	the	senior	statutory	audit	partner	has	held	office	for	three	years	and	any	
changes	in	the	key	audit	staff
•	 the	arrangements	for	daytoday	management	of	the	audit	relationship
•	 the	overall	extent	of	nonaudit	services	provided	by	the	external	auditor	and
•	 the	past	service	of	the	auditor	that	was	first	appointed	for	the	year	ended	31	january	2009
it is also the committee’s policy to consider every year whether there should be an audit tender process
to	assess	the	effectiveness	of	the	external	auditor	the	audit	committee	reviewed
•	 the	arrangements	for	ensuring	the	external	auditor’s	independence	and	objectivity
•	 the	external	auditor’s	fulfillment	of	the	agreed	audit	plan	and	any	variations	from	the	plan
•	 	 the	robustness	and	perceptiveness	of	the	external	auditor	in	their	handling	of	the	key	accounting	and	
audit	judgements	and
•	 the	content	of	the	external	auditor’s	reporting	on	internal	control
accountability 
each	person	who	is	a	director	at	the	date	of	approval	of	this	annual	report	confirms	that
•	 	 so	far	as	the	director	is	aware	there	is	no	relevant	audit	information	of	which	the	company’s	auditor	
is	unaware	and
•	 	 the	director	has	taken	all	the	steps	that	heshe	ought	to	have	taken	as	a	director	in	order	to	make	
himselfherself aware of any relevant audit information and to establish that the company’s auditor is 
aware of that information
this	confirmation	is	given	and	should	be	interpreted	in	accordance	with	the	provisions	of	s418	of	the	act
deloitte	llp	have	expressed	their	willingness	to	continue	in	office	as	auditor	and	a	resolution	to	 
reappoint them will be proposed at the forthcoming annual general meeting 26 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
corporate	governance	report
continued
going concern
the	group’s	business	activities	together	with	the	factors	likely	to	affect	its	future	development	
performance and position are set out in the chairman’s statement and the chief executive’s business 
review	the	latter	describes	the	financial	position	of	the	group	its	cash	flows	liquidity	position	together	
with	the	group’s	objectives	key	risks	and	uncertainties	the	group’s	financial	risk	management	objectives	
and its exposures to credit risk and liquidity risk are described in note 24
as	also	highlighted	in	note	24	to	the	financial	statements	the	group	meets	its	daytoday	working	capital	
requirements through surplus cash balances 
the board of directors has undertaken a recent thorough review of the group’s budgets and forecasts and 
has	produced	detailed	cash	flow	projections	which	take	account	of	reasonably	possible	changes	in	trading	
performance	showing	that	the	group	is	expected	to	operate	within	the	level	of	its	current	surplus	cash	
balances 
after	making	enquiries	the	directors	have	a	reasonable	expectation	that	the	group	and	company	have	
adequate	resources	to	continue	in	operational	existence	for	the	foreseeable	future	accordingly	they	
continue to adopt the going concern basis in preparing the annual report and accounts for the 52 weeks 
ended 25 january 2014
risk management and internal control
the board has applied principle c2 of the uk corporate governance code by establishing a continuous 
process	for	identifying	evaluating	and	managing	the	significant	risks	the	group	faces	and	for	determining	
the	nature	and	extent	of	the	significant	risks	it	is	willing	to	take	in	achieving	its	strategic	objectives	the	
board	regularly	reviews	the	process	which	has	been	in	place	from	the	start	of	the	year	to	the	date	of	
approval of this report and which is in accordance with revised guidance on internal control published in 
october	2005	the	turnbull	guidance	the	board	is	also	responsible	for	the	group’s	system	of	internal	
control and for reviewing its effectiveness such a system is designed to manage rather than eliminate the 
risk	of	failure	to	achieve	business	objectives	and	can	only	provide	reasonable	and	not	absolute	assurance	
against material misstatement or loss
in	compliance	with	provision	c21	of	the	uk	corporate	governance	code	the	board	regularly	reviews	
the effectiveness of the group’s risk management and internal control systems the board’s monitoring 
covers	 all	 material	 controls	 including	 financial	 operational	 and	 compliance	 controls	 it	 is	 based	 principally	
on	reviewing	reports	from	management	to	consider	whether	significant	risks	are	identified	evaluated	
managed	and	controlled	and	whether	any	significant	weaknesses	are	promptly	remedied	and	indicate	a	
need	for	more	extensive	monitoring	the	board	has	also	performed	a	specific	assessment	for	the	purpose	
of	this	annual	report	this	assessment	considers	all	significant	aspects	of	risk	management	and	internal	
control arising during the period covered by the report including the work of internal audit the audit 
committee assists the board in discharging its review responsibilities
during	the	course	of	its	review	of	the	risk	management	and	internal	control	systems	the	board	has	
not	identified	nor	been	advised	of	any	failings	or	weaknesses	which	it	has	determined	to	be	significant	
therefore	a	confirmation	in	respect	of	necessary	actions	has	not	been	considered	appropriate
the board recognises that no system of internal control can provide absolute assurance against losses 
arising from mismanagement and that the group’s systems must be designed to manage rather than 
eliminate	risk	internal	control	and	risk	management	is	an	ongoing	process	designed	to	identify	evaluate	
and	manage	the	significant	risks	faced	by	the	group	the	system	of	internal	control	includes	internal	
financial	controls	operational	procedures	risk	management	and	compliance	matters	the	system	has	
been in place throughout the period ended 25 january 2014 and up to the date of this report
the	significant	risks	the	board	has	identified	are	detailed	in	the	chief	executive’s	business	review moss bros group plc annual report  accounts 201314 i 27 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
during the period the board has reviewed the adequacy of the current internal audit department in 
accordance	with	the	code	in	view	of	the	size	and	scale	of	the	group	the	board	decided	it	was	not	
appropriate to expand the current scope of the internal audit function which focuses on inventory and cash 
control
the group’s work to review the risk management structure and ensure a robust mechanism is in place for 
logging and monitoring risks continues
by order of the board
 
brian brick robin piggott
chief	executive	officer	 finance	director	and	company	secretary
2 april 2014 2 april 2014 28 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
directors’ responsibilities statement
in	respect	of	the	annual	report	the	directors’	remuneration	report	and	the	
financial statements
the	directors	are	responsible	for	preparing	the	annual	report	the	directors’	remuneration	report	and	
the	financial	statements	in	accordance	with	applicable	law	and	regulations
company	law	requires	the	directors	to	prepare	financial	statements	for	each	financial	year	under	that	
law	the	directors	are	required	to	prepare	the	group	financial	statements	in	accordance	with	international	
financial	reporting	standards	ifrss	as	adopted	by	the	european	union	and	article	4	of	the	ias	
regulation	 and	 have	 chosen	 to	 prepare	 the	 parent	 company	 financial	 statements	 in	 accordance	 with	 united	
kingdom	generally	accepted	accounting	practice	united	kingdom	accounting	standards	and	applicable	
law	under	company	law	the	directors	must	not	approve	the	accounts	unless	they	are	satisfied	that	they	
give	a	true	and	fair	view	of	the	state	of	affairs	of	the	company	and	of	the	profit	or	loss	of	the	company	for	
that period
in	preparing	the	parent	company	financial	statements	the	directors	are	required	to
•	 select	suitable	accounting	policies	and	then	apply	them	consistently
•	 make	judgements	and	accounting	estimates	that	are	reasonable	and	prudent
•	 	 state	whether	applicable	uk	accounting	standards	have	been	followed	subject	to	any	material	
departures	disclosed	and	explained	in	the	financial	statements	and
•	 	 prepare	the	financial	statements	on	the	going	concern	basis	unless	it	is	inappropriate	to	presume	
that the company will continue in business
in	preparing	the	group	financial	statements	international	accounting	standard	1	requires	that	directors
•	 properly	select	and	apply	accounting	policies
•	 	 present	information	including	accounting	policies	in	a	manner	that	provides	relevant	reliable	
comparable	and	understandable	information
•	 	 provide	additional	disclosures	when	compliance	with	the	specific	requirements	in	ifrss	are	
insufficient	to	enable	users	to	understand	the	impact	of	particular	transactions	other	events	and	
conditions	on	the	entity’s	financial	position	and	financial	performance	and
•	 make	an	assessment	of	the	company’s	ability	to	continue	as	a	going	concern
the	directors	are	responsible	for	keeping	adequate	accounting	records	that	are	sufficient	to	show	and	
explain	the	company’s	transactions	and	disclose	with	reasonable	accuracy	at	any	time	the	financial	
position	of	the	company	and	enable	them	to	ensure	that	the	financial	statements	comply	with	the	
companies act 2006 they are also responsible for safeguarding the assets of the company and hence for 
taking reasonable steps for the prevention and detection of fraud and other irregularities
the	directors	are	responsible	for	the	maintenance	and	integrity	of	the	corporate	and	financial	information	
included on the company’s website legislation in the united kingdom governing the preparation and 
dissemination	of	financial	statements	may	differ	from	legislation	in	other	jurisdictions
responsibility	statement
we	confirm	that	to	the	best	of	our	knowledge
•	 	 the	 financial	 statements	 prepared	 in	 accordance	 with	 the	 relevant	 financial	 reporting	 framework	 give	
a	true	and	fair	view	of	the	assets	liabilities	financial	position	and	profit	or	loss	of	the	company	and	
the	undertakings	included	in	the	consolidation	taken	as	a	whole	and moss bros group plc annual report  accounts 201314 i 29 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
•	 	 the	strategic	report	includes	a	fair	review	of	the	development	and	performance	of	the	business	and	
the	position	of	the	company	and	the	undertakings	included	in	the	consolidation	taken	as	a	whole	
together with a description of the principal risks and uncertainties that they face
the directors are responsible for preparing the annual report in accordance with applicable law and 
regulations	having	taken	advice	from	the	audit	committee	the	board	considers	the	report	and	accounts	
taken	as	a	whole	to	be	fair	balanced	and	understandable	and	that	it	provides	the	information	necessary	
for	shareholders	to	assess	the	company’s	performance	business	model	and	strategy
by order of the board
 
brian brick robin piggott
chief	executive	officer	 finance	director	and	company	secretary 30 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
annual statement on directors’ 
remuneration
dear	shareholder
i am pleased to present the directors’ remuneration report for the year ended 25 january 2014 this is the 
first	report	under	the	new	remuneration	reporting	regulations
this has been a busy period for the committee we have taken the opportunity to review all aspects of 
our	remuneration	policy	ensuring	we	retain	our	overall	philosophy	of	adopting	clear	and	simple	market	
competitive remuneration and incentive schemes the alignment of executive remuneration structures 
with	 the	 objectives	 of	 the	 shareholders	 has	 been	 the	 principal	 focus	 ensuring	 remuneration	 structures	 are	
fully attuned to the business strategy 
in	this	annual	statement	which	precedes	our	directors’	remuneration	policy	and	annual	report	on	
remuneration	i	have	summarised	our	performance	in	201314	and	how	this	relates	to	remuneration	
decisions and outcomes 
in	201314	performance	has	continued	to	improve	despite	a	generally	challenging	market	we	have	
remained	focused	on	establishing	a	clear	brand	strategy	leveraging	the	moss	bros	brand	strong	
development	of	our	ecommerce	proposition	successful	store	refits	and	the	delivery	of	other	strategic	
objectives	such	as	a	shift	to	more	direct	sourcing	all	of	these	have	helped	to	accelerate	our	trading	
performance	 in	 addition	 careful	 management	 of	 stock	 a	 good	 christmas	 trading	 performance	 and	 strong	
cash	generation	all	contributed	to	moss	bros	continuing	to	deliver	a	robust	financial	performance	with	
annual	pretax	profit	growth	of	485	and	the	adoption	of	an	enhanced	dividend	payment
this	level	of	performance	has	been	reflected	in	the	performancerelated	elements	of	moss	bros’	
remuneration the annual bonus for 201314 was based entirely on the satisfaction of stretching pretax 
profit	targets	and	performance	over	the	year	resulted	in	55	of	the	maximum	bonus	opportunity	being	
paid	to	our	executive	directors	in	addition	the	strong	growth	in	adjusted	ebitda	over	the	last	five	years	
from	£13m	in	200910	to	£92m	in	201314	will	result	in	the	remaining	tranche	of	the	200915	ltip	award	
vesting to executive directors
looking	forward	the	committee	intends	to	keep	broadly	the	same	incentive	structure	in	201415	but	will	
introduce	strategic	performance	objectives	to	the	annual	bonus	alongside	the	current	profit	targets	these	
objectives	will	include	development	of	our	hire	strategy	ecommerce	growth	and	brand	and	customer	
satisfaction	tracking	it	will	determine	up	to	half	of	any	bonus	payment	as	in	prior	years	the	bonus	will	
continue	to	be	selffunding	and	as	such	no	bonus	will	be	payable	if	the	minimum	profit	target	is	not	met	
this	will	ensure	that	the	annual	bonus	continues	to	focus	on	financial	performance	but	also	provides	an	
incentive	to	achieve	key	strategic	objectives
in	relation	to	the	ltip	the	committee	intends	to	make	awards	to	executive	directors	which	will	vest	after	
3years	if	a	demanding	pbt	performance	target	is	satisfied	with	capital	return	conditions	too	
the	committee	has	also	approved	two	changes	to	the	operation	of	our	remuneration	policy
•	 	 the	introduction	of	clawback	provisions	to	the	annual	bonus	and	ltip	starting	within	the	201415	
annual	bonus	and	ltip	awards	granted	in	201415	financial	year	
•	 	 the	 introduction	 of	 a	 two	 year	 holding	 period	 for	 executive	 directors	 for	 any	 awards	 which	 are	 granted	
from	1	april	2014	this	means	that	the	first	awards	subject	to	this	holding	period	will	be	the	ltip	
awards	granted	in	the	201415	financial	year
the committee believes that these two changes will help increase the longterm alignment of our 
executives’	interests	with	those	of	shareholders	which	is	one	of	the	aims	of	our	remuneration	policy moss bros group plc annual report  accounts 201314 i 31 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
finally	as	a	result	of	the	new	regulations	on	remuneration	this	is	the	first	year	in	which	moss	bros’	
directors	remuneration	report	is	split	in	three	sections	namely	this	annual	statement	the	directors’	
remuneration	policy	and	the	annual	report	on	remuneration	at	the	2014	annual	general	meeting	
the	directors’	remuneration	policy	will	be	put	to	a	binding	shareholder	vote	which	will	mean	that	the	
remuneration committee is not permitted to deviate from the approved policy for three years unless it 
gains	 shareholder	 approval	 for	 an	 amended	 policy	 at	 the	 same	 meeting	 the	 annual	 statement	 and	 annual	
report on remuneration will be put to an advisory vote which provides shareholders with the opportunity 
to voice their opinions on how the committee has implemented the remuneration policy
201314	was	another	good	year	of	progress	for	moss	bros	and	in	this	context	we	look	forward	to	receiving	
your support on our approach to remuneration at the annual general meeting
maurice helfgott
chairman of the remuneration committee 32 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
directors’	remuneration	policy
the remuneration committee determines the company’s policy on the remuneration of the executive 
directors and other senior executives the principles which underpin the remuneration policy for the 
company	are	to
•	 	 ensure	executive	directors’	rewards	and	incentives	are	directly	aligned	with	the	interests	of	the	
shareholders	in	order	to	reinforce	the	strategic	priorities	of	the	group	optimise	the	performance	
of	the	group	and	create	sustained	growth	in	shareholder	value	without	encouragement	to	take	
excessive	undue	risk
•	 	 provide	the	level	of	remuneration	required	to	attract	retain	and	motivate	executive	directors	of	an	
appropriate	calibre
•	 	 ensure	a	proper	balance	of	fixed	and	variable	performance	related	components	linked	to	short	and	
longerterm	objectives	and
•	 reflect	market	competitiveness	taking	account	of	the	total	value	of	all	the	benefit	elements
remuneration	for	the	executive	directors	is	structured	so	that	the	variable	pay	element	annual	bonus	
and	longterm	incentives	forms	a	significant	proportion	of	the	overall	package	this	provides	a	strong	
link between the remuneration paid to executive directors and the performance of the company this also 
provides	a	strong	alignment	of	interest	between	the	executive	directors	and	shareholders	particularly	as	
part	of	the	annual	bonus	and	all	of	the	longterm	incentive	is	payable	in	the	form	of	shares
it	is	intended	that	for	the	purposes	of	section	226d6b	of	the	companies	act	2006	this	policy	will	take	
effect from the date of the 2014 agm which is scheduled to be held on 23 may 2014
future	policy	table	for	executive	directors
element
purpose and link  
to strategy
operation including framework  
to assess performance
maximum  
opportunity
salary attract	retain	 
and reward
salaries for the executive directors are 
determined by the remuneration committee 
taking into account the experience and 
performance of the individual and comparing 
the levels of remuneration with the salaries 
of comparable uk based retailers they also 
reflect	the	overall	package	in	relation	to	fixed	
and variable pay
base	salaries	are	reviewed	annually	unless	
responsibilities change in setting appropriate 
salary levels for the executive directors and 
considering whether there should be any 
increases	the	committee	takes	into	account	
pay and employment conditions of employees 
elsewhere in the group
we	would	only	expect	a	material	adjustment	
of salaries in the event that the scale 
and complexity of the business changed 
substantially over time
the salaries of any newly appointed executive 
would	reflect	the	scale	and	nature	of	the	
role and the relevant experience of any newly 
appointed individual
details of current 
salaries are set  
out in the annual 
report on 
remuneration moss bros group plc annual report  accounts 201314 i 33 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
element
purpose and link  
to strategy
operation including framework  
to assess performance
maximum  
opportunity
benefits attract	retain	and	
reward
a	car	allowance	private	medical	insurance	
life	assurance	and	permanent	health	
insurance
executive directors may be invited to 
participate in the sharesave scheme approved 
by hmrc
market competitive 
benefit	level
sharesave scheme 
subject	to	hmrc	
approved limits
annual 
bonus
drive and reward 
excellent shortterm  
operating 
performance  
of the group
provide a strong 
focus on share price 
performance over  
the deferral period
based on a range of stretching targets 
measured over one year these might  
include	but	not	exclusively	pbt	roce	 
cash	management	customer	satisfaction	 
and	retention	channel	sales	growth	and	
employee satisfaction
bonus payments are determined  
as	follows
•	 	 performance	below	the	threshold	
performance	target	results	in	zero	
payment
•	 	 achievement	of	the	threshold	
performance target results in a  
threshold payment no greater than  
20	of	the	maximum	opportunity
•	 	 payments	rise	from	the	threshold	
payment	to	100	of	the	maximum	
opportunity for levels of performance 
between the threshold and maximum 
targets
the committee has discretion to reduce 
or amend the formulaic bonus outcome if 
individual performance is determined to  
be unsatisfactory or if the individual is the 
subject	of	disciplinary	action
50	of	any	bonus	payment	is	invested	in	
shares and deferred for a three year period
dividend equivalents are paid on vesting 
shares
clawback provisions are now in place in the 
event of malus
100	of	salary	for	 
the ceo
80	of	salary	for	 
other executive 
directors 34 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
directors’	remuneration	policy
continued
element
purpose and link  
to strategy
operation including framework  
to assess performance
maximum  
opportunity
longterm 
incentive 
plan
incentivise share 
ownership and  
longterm 
performance  
in line with  
group strategy
awards have a performance period of three 
years
the level of vesting is determined by 
measures appropriate to the strategic 
priorities of the business at least half  
of	any	award	will	be	subject	to	financial	
performance measures the remuneration 
committee has the discretion to determine 
this to be based on a single measure or a 
number of measures
performance below the threshold target 
results in no vesting for performance 
between the threshold target and maximum 
target	vesting	starts	at	25	and	rises	to	 
100	of	the	shares
any awards granted under this policy to 
executive directors which vest and are 
exercised after the completion of the three 
year performance period must be held for  
a further two years after vesting
clawback provisions are now in place in the 
event of malus
award over shares 
with a face value at 
grant	of	
100	of	salary	for	 
the ceo
70	of	salary	for	 
other executive 
directors
pension attract	retain	and	
reward
executives are entitled to receive a pension 
contribution
20	of	salary	for	 
ceo	and	15	of	 
salary for other 
executive directors
choice of performance measures and target setting
for	the	annual	bonus	and	longterm	incentive	our	policy	is	to	choose	performance	measures	which	help	
drive	and	reward	the	achievement	of	our	strategy	and	also	provide	alignment	between	employees	and	
shareholders	the	committee	reviews	metrics	each	year	to	ensure	they	remain	appropriate	and	reflect	the	
future strategic direction of the group
targets for each performance measure are set by the committee with reference to internal plans and 
external	expectations	performance	is	generally	measured	on	a	‘sliding	scale’	so	that	incentive	payouts	
increase prorata for levels of performance in between the threshold and maximum performance targets
performance measures and targets are disclosed in the annual report on remuneration in cases where 
targets	 are	 commercially	 sensitive	 for	 example	 annual	 profit	 targets	 for	 the	 annual	 bonus	 they	 will	 only	 be	
disclosed retrospectively
differences	in	pay	policy	for	employees	and	executive	directors
no	element	of	the	executive	director	remuneration	policy	is	operated	exclusively	for	executive	directors	
and	as	stated	in	the	introduction	to	this	policy	report	on	page	32	the	principles	applied	to	the	
remuneration of executive directors are the same as those for the company the difference between pay 
for executive directors and employees is that executive director pay is structured so that the variable pay 
element	forms	a	significant	proportion	of	the	overall	package	and	the	total	remuneration	opportunity	is	
higher	to	reflect	the	increased	responsibility	of	the	role moss bros group plc annual report  accounts 201314 i 35 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
executive	shareholding	guidelines
in	any	event	50	of	the	value	awarded	as	part	of	the	annual	bonus	scheme	will	be	awarded	as	deferred	
shares	to	be	held	for	a	period	of	no	less	than	three	years	and	shares	vesting	under	the	ltip	scheme	if	
exercised	to	be	held	for	a	minimum	of	two	years	after	the	vesting	date	
furthermore	to	encourage	executives	to	use	vested	ltip	shares	to	build	and	maintain	a	significant	
shareholding	executives	are	required	to	retain	all	of	the	posttax	number	of	shares	until	a	minimum	
shareholding has been achieved 
executives	who	receive	a	longterm	incentive	award	which	exceeds	50	of	salary	are	expected	to	build	a	
holding	equal	in	value	to	100	of	salary	before	they	are	allowed	to	sell	the	vested	shares	executives	who	
receive	an	award	of	50	of	salary	are	expected	to	build	a	holding	of	50	of	salary	along	the	same	lines	
as	above	executives	who	receive	an	award	below	50	of	salary	are	expected	to	build	a	holding	of	15	of	
salary	along	the	same	lines	as	above
for	the	purpose	of	this	calculation	the	value	of	shares	is	calculated	using	the	higher	of	their	acquisition	
price and current market price
ned	policy	table
element
purpose and link  
to strategy operation
maximum  
opportunity
fees attract	retain	and	
reward
fees for the nonexecutive directors are 
determined by the board within the limits  
set by the articles of association and  
are based on information on fees paid in 
similar companies taking into account  
the experience of the individuals and the 
relative time commitments involved
fees for the nonexecutive directors are 
reviewed in alternate years
current fee levels 
are set out in the 
annual report on 
remuneration
overall fee limit  
will be within the 
limit set out in the 
company’s articles  
of association
nonexecutive directors are not entitled to bonus payments or pension arrangements nor do they 
participate in the company’s longterm incentive schemes 
note	 that	 clothing	 allowance	 benefit	 which	 is	 available	 to	 debbie	 hewitt	 was	 withdrawn	 for	 newly	 appointed	
nonexecutive directors from 201011 onwards
approach to recruitment
the principle applied in recruitment of a new director is for the remuneration package to be set in 
accordance with the terms of the approved remuneration policy for existing directors in force at the 
time	of	appointment	in	addition	the	committee	may	offer	additional	cash	andor	sharebased	‘buy	out’	
awards	when	it	considers	these	to	be	in	the	best	interests	of	the	company	and	therefore	shareholders	
including	awards	made	under	listing	rule	942	r	any	such	‘buy	out’	payments	would	be	based	solely	
on	remuneration	lost	when	leaving	the	former	employer	and	would	reflect	the	delivery	mechanism	ie	
cash	shares	options	time	horizons	and	performance	requirements	attaching	to	that	remuneration	
shareholders will be informed of any such payments at the time of appointment
as	 a	 result	 of	 this	 policy	 the	 maximum	 ongoing	 variable	 remuneration	 ie	 excluding	 buyout	 awards	 which	
could	be	granted	to	a	new	executive	director	is	200	of	salary 36 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
directors’	remuneration	policy
continued
in	the	case	of	an	internal	appointment	any	variable	pay	element	awarded	in	respect	of	the	prior	role	
may	be	allowed	to	pay	out	according	to	its	terms	on	grant	adjusted	as	relevant	to	take	into	account	the	
appointment	in	addition	any	other	ongoing	remuneration	obligations	existing	prior	to	appointment	
may	continue	provided	that	they	are	put	to	shareholders	for	approval	at	the	first	agm	following	their	
appointment
other	aspects	of	our	recruitment	policy	include
•	 	 where	it	is	appropriate	to	offer	a	below	median	salary	initially	a	series	of	increases	to	the	desired	
salary	positioning	may	be	given	over	the	proceeding	few	years	subject	to	individual	performance	and	
experience in role
•	 	 different	performance	measures	may	be	set	initially	for	the	annual	bonus	taking	into	account	the	
responsibilities	of	the	individual	and	the	point	in	the	financial	year	that	they	joined
•	 a	new	director	may	receive	fees	for	professional	advice	as	appropriate
•	 a	new	director	may	receive	relocation	assistance	if	applicable
policy	on	payment	for	loss	of	office
elements	of	fixed	remuneration	are	treated	as	follows	
upon	termination	by	either	party	the	executive	directors	are	entitled	to	salary	and	benefits	for	the	duration	
of the notice period it is the policy of the remuneration committee to seek to mitigate termination 
payments 
in	addition	the	company	can	make	a	payment	in	lieu	of	notice	equal	to	base	salary	that	would	have	been	
paid	over	the	notice	period	in	addition	any	statutory	entitlements	or	sums	to	settle	or	compromise	claims	
in connection with the termination would be paid as necessary
elements	of	variable	remuneration	would	be	treated	as	follows
annual bonus
under	the	annual	incentive	plan	an	employee	who	ceases	employment	or	is	under	notice	prior	to	the	
payment	of	bonus	typically	will	not	receive	any	payment	however	the	committee	has	discretion	where	an	
individual	is	considered	a	‘good	leaver’	to	make	a	bonus	payment	payable	in	cash	but	prorated	for	the	
period	of	time	served	from	the	start	of	the	financial	year	to	the	date	of	termination	and	not	for	any	period	
in	lieu	of	notice	or	garden	leave	any	such	bonus	payment	typically	would	be	subject	to	the	normal	bonus	
targets	tested	at	the	end	of	the	year	and	would	take	into	account	performance	over	the	notice	period
longterm incentive plan
under	the	ltip	unvested	awards	will	normally	lapse	upon	cessation	of	employment	however	in	line	with	
the	plan	rules	the	committee	has	discretion	where	an	individual	is	considered	a	‘good	leaver’	to	allow	
awards	to	vest	at	the	normal	vesting	date	or	earlier	if	the	committee	exercises	this	discretion	awards	
are	normally	prorated	to	reflect	time	served	since	the	date	of	grant	and	based	on	the	achievement	of	the	
performance criteria
saye
the executive directors participate on the same basis as for other employees
approach	to	service	contracts	and	letters	of	appointment
the committee’s policy is to offer service contracts for executive directors with notice periods of six to 
twelve	months	in	addition	the	executive	directors	are	subject	to	a	six	month	noncompete	clause	from	
the date of termination
for	the	chairman	appointment	is	terminable	on	six	months’	notice	all	other	nonexecutive	directors’	
appointments are terminable on three months’ notice on either side  moss bros group plc annual report  accounts 201314 i 37 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
illustration of remuneration scenarios
the	charts	below	show	remuneration	scenarios	for	the	ceo	and	fd
ceo remuneration scenarios
£0
£100000
£200000
£300000
£400000
£500000
£600000
£700000
£800000
£900000
£1000000
maximum target minimum
ltip
annual bonus – shares
annual bonus – cash
pension  benefits
salary
£376k
£595k
£961k
22
78 50
14
12
12
12
30
10
15
15
30
fd remuneration scenarios
£0
£100000
£200000
£300000
£400000
£500000
£600000
maximum target minimum
ltip
annual bonus – shares
annual bonus – cash
pension  benefits
salary
£232k
£341k
£517k
18
82 56
12
11
11
10
37
8
15
15
26
note	that	the	charts	are	indicative	as	share	price	movement	and	dividend	accrual	for	deferred	shares	
relating	to	the	annual	bonus	have	been	excluded	assumptions	made	for	each	scenario	are	as	follows
•	 	 minimum	fixed	remuneration	only	ie	salary	benefits	and	pension	benefits	based	on	201314	
disclosed	benefit	amounts 38 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
directors’	remuneration	policy
continued
•	 	 target	fixed	remuneration	plus	half	of	maximum	annual	bonus	opportunity	plus	25	vesting	of	the	
maximum award under the longterm incentive plan
•	 	 maximum	fixed	remuneration	plus	maximum	annual	bonus	opportunity	plus	100	vesting	of	the	
maximum award under the longterm incentive plan 
statement	of	consideration	of	employment	conditions	elsewhere	in	the	group
the moss bros remuneration committee does not consult directly with employees when determining 
remuneration	policy	for	executive	directors	however	remuneration	and	pay	increases	across	the	group	
are taken into account when setting pay levels for directors
statement	of	consideration	of	shareholder	views
the remuneration committee considers shareholder feedback received in relation to the agm each 
year	when	any	material	changes	are	proposed	to	the	remuneration	policy	the	remuneration	committee	
chairman	will	inform	major	shareholders	in	advance	and	will	generally	offer	a	meeting	to	discuss	these	
key	areas	of	discretion
finally	we	have	chosen	to	highlight	key	areas	of	discretion	in	the	application	of	our	remuneration	policy	
these	discretions	are	implicit	in	the	policy	stated	above	but	we	have	listed	them	for	clarity	key	areas	of	
discretion	include	but	are	not	limited	to
•	 whether	annual	bonus	is	paid	to	executives	once	notice	has	been	served
•	 	 discretion	in	exceptional	circumstances	to	amend	previously	set	annual	incentive	targets	or	to	adjust	
the proposed payout to ensure a fair and appropriate outcome
•	 	 certain	decisions	relating	to	the	longterm	incentive	plan	awards	for	which	the	committee	
has discretion as set out in the rules of the relevant share plans which have been approved by 
shareholders 
•	 the	decisions	on	exercise	of	malus	andor	clawback	rights
legacy	arrangements
for	 the	 avoidance	 of	 doubt	 in	 approving	 this	 policy	 report	 authority	 is	 given	 to	 the	 company	 to	 honour	 any	
commitments entered into with current or former directors before the current legislation on remuneration 
policies	came	into	force	or	before	an	individual	became	a	director	such	as	the	payment	outstanding	
incentive	awards	and	clothing	allowance	for	directors	even	where	it	is	not	consistent	with	the	policy	
prevailing	at	the	time	such	commitment	is	fulfilled	details	of	any	payments	to	former	directors	will	be	set	
out in the annual report on remuneration as they arise 
external	directorships	for	executive	directors
the	company	believes	that	there	are	benefits	to	the	company	and	for	executive	directors	accepting	
nonexecutive directorships in other organisations executive directors may accept one nonexecutive 
directorship	with	the	prior	agreement	of	the	board	provided	it	does	not	conflict	with	the	group’s	interests	
and the time commitment does not impact upon the executive director’s performance the executive 
directors may retain the fees from their external directorship
in	the	case	of	the	ceo	the	committee	has	approved	two	nonexecutive	directorships	which	were	held	
prior	to	him	joining	the	board	these	are	unpaid	and	in	the	view	of	the	committee	they	are	not	overly	
burdensome on his time the committee keeps this under review and reserves the right to ask him to 
step	down	from	one	or	both	if	time	commitments	require	him	to	do	so	in	any	case	no	executive	director	
including the ceo would be allowed more than one paid nonexecutive directorship
details of outside directorships held by the executive directors and any fees that they received are provided 
on page 41 of the annual report on remuneration moss bros group plc annual report  accounts 201314 i 39 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
annual report on remuneration
this	part	of	the	report	has	been	prepared	in	accordance	with	part	3	of	the	large	and	mediumsized	
companies	and	groups	accounts	and	reports	amendment	regulations	2013	and	988r	of	the	listing	
rules the annual remuneration report will be put to an advisory shareholder vote at the 2014 agm which 
is scheduled to be held on 23 may 2014 the information on pages 39 to 49 has been audited
implementation	of	remuneration	policy	in	201415
executive directors’ base salaries
the	remuneration	committee	has	awarded	modest	cost	of	living	salary	increases	of	3	for	the	
forthcoming	year	which	reflect	the	general	level	of	increase	given	to	employees	across	the	business	and	
are	considered	to	be	at	the	median	for	equivalent	roles	in	other	retailers	of	a	similar	size	with	effect	from	
1	february	2013	these	increases	will	take	brian	brick’s	base	salary	from	£292125	to	£301000	and	robin	
piggott’s	base	salary	from	£189625	to	£195400
pension	and	benefits
there	will	be	no	changes	to	pension	or	benefits	provision
annual bonus
the annual bonus in 201415 will be consistent with the policy detailed in the policy report in terms of the 
maximum	bonus	opportunity	and	performance	measures	will	be	based	50	on	the	achievement	of	pbt	
targets	whilst	the	remainder	will	be	based	on	the	achievement	of	strategic	objectives	to	ensure	that	the	
bonus	is	selffunding	no	bonus	will	be	payable	if	the	minimum	pbt	target	is	not	met
pbt targets will be disclosed retrospectively in the 201617 annual report on remuneration strategic 
objectives	together	with	the	level	of	performance	against	each	objective	will	be	disclosed	in	the	201415	
annual report on remuneration
clawback will apply to any 201415 bonus payments 
longterm	incentive	plan	ltip
awards	will	be	made	under	the	ltip	in	april	2014	on	the	same	terms	as	set	out	in	the	policy	table	and	so	
will	be	subject	to	the	new	clawback	provisions	and	the	two	year	holding	period	for	brian	brick	and	robin	
piggott	this	award	will	be	equivalent	to	100	and	70	of	salary	respectively	the	performance	condition	is	
anticipated	to	be	as	follows	
award 201415 award
performance measure cumulative	profit	before	tax
start of performance period 26012014
end of performance period 28012017
target	for	25	vesting £155m
target	for	50	vesting £165m
target	for	75	vesting £175m
target	for	100	vesting £180m
cumulative	profit	before	tax	for	these	purposes	means	operating	profit	after	any	charges	arising	from	the	
ltip	and	it	would	exclude	exceptional	profits	onerous	lease	provision	release	interest	movement	in	hire	
deposits and other material accruals unless the remuneration committee considers them appropriate to 
include
note	that	the	committee	may	adjust	the	targets	in	order	to	neutralise	the	effect	of	any	changes	to	the	
capital base 40 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
annual report on remuneration
continued
nonexecutive directors’ remuneration
fees	were	last	reviewed	in	201213	a	review	has	taken	place	in	201415	and	an	increase	of	552	has	
been awarded the fees are positioned at median when compared to companies of a similar scale the 
next review will be in 201617
annualised fees 201415 201314
debbie hewitt £105000 £100000
maurice helfgott £40500 £38500
bryan portman £40500 £38500
zoe morgan £40500 £38500
single total figure of remuneration
the detailed emoluments received by the executive and nonexecutive directors for the year ended  
25	january	2014	are	detailed	below
director 
£000
base salary
fees benefits
1
pension 
contributions
annual 
bonus
2
longterm 
incentive
3
total
brian brick
201314 292 26 58 161 961 1498
201213 285 25 57 285 – 652
robin piggott
201314 190 14 28 83 85 400
201213 185 15 28 148 – 376
debbie hewitt
201314 100 1 – – – 101
201213 100 1 – – – 101
maurice helfgott
201314 39 – – – – 39
201213 39 – – – – 39
bryan portman
201314 39 – – – – 39
201213 39 – – – – 39
zoe	morgan
201314 39 – – – – 39
201213 10 – – – – 10
1	 	 taxable	 benefits	 include	 the	 provision	 to	 every	 executive	 director	 of	 private	 medical	 insurance	 life	 assurance	 private	 health	 insurance	 car	 allowance	
and	clothing	allowance	note	that	clothing	allowance	benefit	which	is	available	to	deb bie	hewitt	was	withdrawn	for	newly	appointed	nonexecutive	
directors from 201011 onwards
2	 	 annual	bonus	payments	for	performance	in	the	relevant	financial	year	note	that 	this	includes	the	element	deferred	in	shares	for	three	years	the	
calculation for 201314 and 201213 amounts are set out on page 42
3	 	 longterm	incentive	awards	vesting	under	the	ltip	the	figure	for	201314	represe nts	the	vesting	of	awards	relating	to	the	200915	ltip	which	will	
vest in march 2014 because the ebitda performance target for the remaining elements of this scheme was achieved during the year further detail 
is set out on page 41 note that awards which will vest for performance periods ending in 201314 were valued using the average share price over the 
three month period to 25 january 2014
additional information in respect of the single figure table
annual bonus
for	 201314	 the	 maximum	 bonus	 opportunity	 for	 brian	 brick	 was	 100	 of	 salary	 and	 for	 robin	 piggott	 was	
80	of	salary	the	actual	bonus	payout	represented	55	of	the	maximum	opportunity	and	was	determined	
by	moss	bros	pbt	performance	relative	to	targets	set	at	the	beginning	of	the	financial	year	this	level	of	
performance	has	resulted	in	amounts	due	of	£160669	to	brian	brick	55	of	his	201314	base	salary	and	
£83435	to	robin	piggott	55	of	his	201314	base	salary	50	of	the	bonus	payable	will	be	deferred	and	
invested in shares for three years  moss bros group plc annual report  accounts 201314 i 41 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
the committee has determined that performance targets for the 201314 annual bonus are currently 
commercially	sensitive	and	has	committed	to	disclosing	these	targets	in	the	201516	annual	report	on	
remuneration
in	line	with	this	policy	we	have	set	out	below	performance	against	the	adjusted	pbt	targets	for	the	
201112	annual	bonus
 
measure
threshold 
target
payment for 
threshold
maximum 
target
payment for 
maximum
201112 
outcome
payment
201112 
adjusted 
lbt
£03m
25	of	
maximum
break even
100	of	
maximum
£09m
100	of	
maximum
adjusted	lbt	for	annual	bonus	purposes	for	201112	means	operating	profit	after	any	charges	arising	
from	 the	 ltip	 and	 excludes	 exceptional	 profits	 onerous	 lease	 provision	 release	 interest	 movement	 in	 hire	
deposits and other material accruals unless the remuneration committee considers them appropriate to 
include
longterm incentive plan vesting
moss	bros	ebitda	for	201314	of	£92m	exceeded	the	performance	target	relating	to	outstanding	awards	
made	under	the	200910	ltip	as	a	result	the	following	number	of	shares	will	vest	to	brian	brick	and	
robin	piggott
executive
number of ltip 
awards
ebitda 
performance 
target
201314 
ebitda
	of	shares	
vesting
value	of	shares	
vesting
1
brian brick 1282052 £9m £92m 100 £961933
robin piggott 113302 £9m £92m 100 £85011
1	 valued	using	the	daily	average	share	price	over	the	three	month	period	to	25	january	 2014	
there are no further awards outstanding under the 200910 ltip
payments	for	loss	of	office
no	director	left	office	in	the	year	and	accordingly	no	compensation	for	loss	of	office	was	paid	
payments	to	past	directors
no payments were made to past directors during the year
payments	for	other	directorships
brian brick is a director of ambleside consulting limited and also a director of capewalk limited he did 
not receive any fees during the year to 25 january 2014 in respect of either of these directorships
scheme	interests	awarded	during	the	year
ltip awards granted in the year
on	11	april	2013	executive	directors	received	awards	under	the	ltip	these	awards	were	in	line	with	the	
policy set out in the policy report and details of these awards are set out below the value of these awards 
will	be	included	in	the	single	figure	table	in	the	201516	remuneration	report	once	the	performance	period	
has ended 42 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
annual report on remuneration
continued
executive
number of 
ltip awards
1
basis face	value
2
	of	award	vesting	for	different	levels	of	cumulative	pbt	
over the performance period
performance 
period
cumulative 
pbt of 
£12m
cumulative 
pbt of 
£13m
cumulative 
pbt of 
£14m
cumulative 
pbt of 
£159m
brian brick 489321 100	of	base	
salary
£292125 25 50 75 100 26 january 2013 
to 30 january 
2016
robin piggott 222341 70	of	base	
salary
£132738 25 50 75 100 26 january 2013 
to 30 january 
2016
1 ltip awards are structured as nilcost options
2 based on a share price of 597p which was the share price used to calculate the share allocation
deferred share awards granted in the year
on	11	april	2013	executive	directors	received	awards	of	nilcost	options	with	regard	to	the	deferral	of	
half	of	their	annual	bonus	award	for	201213	these	awards	will	vest	on	11	april	2016	subject	to	continued	
employment	their	value	is	included	in	the	201314	row	of	this	year’s	single	figure	table
executive
number of 
nilcost options
1
basis face	value
2
performance 
condition vesting	date
brian brick 238693 50	of	201213	
annual bonus
£142500 na 
awards vest 
subject	to	
continued 
employment
11 april 2016
robin piggott 123953 50	of	201213	
annual bonus
£74000 na 
awards vest 
subject	to	
continued 
employment
11 april 2016
1 deferred share awards are structured as nilcost options and dividends equivalents are paid on vested shares
2 based on a share price of 597p which was the share price used to calculate the share allocation
saye	options	granted	in	the	year
the	group	operates	a	saye	scheme	which	is	approved	by	hm	revenue		customs	all	eligible	employees	
including	executive	directors	may	be	invited	to	participate	on	similar	terms	to	save	up	to	a	maximum	
of	£150	each	month	for	a	fixed	period	of	three	years	during	the	year	both	executive	directors	opted	to	
participate	in	this	scheme	these	awards	will	be	included	in	the	benefits	column	of	the	single	figure	table	
in the 201617 remuneration report once they have vested moss bros group plc annual report  accounts 201314 i 43 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
executive
number of 
options basis face	value
1
exercise price
performance 
condition vesting	date
brian brick 6081 £100	per	
month 
contribution 
over a 3 year 
period
£3600 592p na 
awards vest 
subject	to	
continued 
employment
9 may 2016
robin piggott 6081 £100	per	
month 
contribution 
over a 3 year 
period
£3600 592p na 
awards vest 
subject	to	
continued 
employment
9 may 2016
1  a grant was made under the plan during 201213 at the average share price for the three days preceding the commencement of the scheme of 439p
directors’ interests in shares
the	tables	below	set	out	details	of	executive	directors	outstanding	share	awards	which	will	vest	in	future	
years	subject	to	performance	andor	continued	service	
ltip
at 
26 january 
2013
granted 
during the 
period
exercised 
during the 
period
at 
25 january 
2014 date of award
performance 
period
exercise 
period
share price 
on date of 
grant 
£
exercise 
price 
£
share price 
on date of 
exercise
brian brick 1282052 – – 1282052 16112009 16112009 
31012015
16112009 
15112019
02545 – –
607028 – – 607028 05042012 29012012   
31012015
04042015 
04042022
04695 – –
– 489321 – 489321 11042013 26012013
31012016
04042016 
04042023
05802 – –
1889080 489321 – 2378401
robin 
piggott
113302 – – 113302 08102010 08102010 
31012015
08102010 
07112020
02288 – –
275825 – – 275825 05042012 29012012 
31012015
04042015 
04042022
04695 – –
– 222341 – 222341 11042013 26012013
31012016
04042016 
04042023
05802 – –
389127 222341 – 611468
all	awards	granted	under	the	ltip	are	subject	to	continued	employment	and	the	satisfaction	of	the	
performance conditions set out below all awards have a nil exercise price
20092015 award
the	first	award	was	granted	under	the	ltip	in	2009	this	award	may	vest	in	any	financial	year	
commencing	with	the	financial	year	ended	of	grant	date	up	to	a	six	year	period	ending	with	the	financial	
year	ended	january	2015	subject	to	the	satisfaction	of	challenging	ebitda	performance	thresholds	and	
the	requirement	for	continued	employment	if	the	targets	are	not	achieved	during	the	six	year	period	the	
award will lapse 
the performance period for this ltip award was extended to a six year scheme following the disposal of 
hugo	boss	and	cecil	gee	to	reflect	the	extra	degree	of	stretch	in	the	targets	that	had	been	set	with	the	
loss	of	the	trading	profits	from	these	disposals 44 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
annual report on remuneration
continued
the	performance	conditions	for	these	awards	are	assessed	each	year	against	the	following	ebitda	range	
with	progressive	vesting	as	follows
i	 	 the	first	50	of	the	award	will	vest	if	the	ebitda	for	the	company	is	equal	to	or	greater	than	 
£3	million	for	any	financial	year	in	the	performance	period
ii	 	 the	next	25	of	the	award	will	vest	if	the	ebitda	for	the	company	is	equal	to	or	greater	than	 
£5	million	for	any	financial	year	in	the	performance	period	and
iii	 	 the	final	25	of	the	award	will	vest	if	the	ebitda	for	the	company	is	equal	to	or	greater	than	 
£9	million	for	any	financial	year	in	the	performance	period
ebitda	for	these	purposes	means	earnings	before	interest	taxation	depreciation	including	for	the	sake	
of	clarity	depreciation	of	hire	inventory	and	amortisation	excluding	the	effects	of	exceptional	items	and	
after any charges arising from the ltip
awards	will	only	vest	if	the	remuneration	committee	is	satisfied	that
i	 	 the	ebitda	performance	for	the	relevant	financial	year	is	reflective	of	the	longterm	underlying	
financial	performance	of	the	company	taking	into	account	expected	future	financial	performance	of	
the	company
ii	 	 the	company’s	profit	before	taxation	for	the	relevant	financial	year	is	consistent	with	the	calculation	
of	the	relevant	ebitda	figure	and
iii	 	 the	company	has	instituted	a	regular	dividend	payment	or	the	board	has	unanimously	determined	
that	although	retained	earnings	are	considered	sufficient	to	commence	the	payment	of	dividends	
under	a	regular	dividend	policy	dividends	should	not	be	paid	and	instead	retained	earnings	should	be	
used	for	other	purposes
ebitda	was	chosen	as	the	performance	metric	as	it	provides	a	strong	focus	on	the	level	of	profitability	
at	an	operating	level	the	committee	will	ensure	that	a	consistent	approach	in	line	with	our	principal	
accounting	policies	is	taken	in	relation	to	its	calculation
grant levels for the initial awards have been determined to take account of the need to provide a retentive 
and longterm focus to remuneration policy for the senior executive team ebitda at the levels required 
represents	a	sustained	and	significant	improvement	in	company’s	performance	which	would	add	
significant	shareholder	value
in	line	with	the	company’s	performance	in	201112	and	the	achievement	of	the	£5	million	ebitda	
threshold	75	of	this	award	vested	to	participants	in	march	2012	the	remaining	25	will	vest	in	
march	2014	as	201314	ebitda	for	the	company	was	equal	to	£92	million	which	was	greater	than	the	
performance	target	of	£9	million
20122015 award
an	ltip	award	for	members	of	the	executive	management	team	including	executive	directors	with	a	
performance	period	covering	the	three	financial	years	ending	january	2015	was	made	in	april	2012	the	
award was based on a number of ordinary shares in the company issued in the future at a nil exercise 
price	subject	to	the	satisfaction	of	challenging	performance	conditions	and	the	requirement	for	continued	
employment  moss bros group plc annual report  accounts 201314 i 45 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
recognising	the	improvement	in	the	level	and	stability	of	the	company’s	profitability	the	committee	
considered	that	the	performance	condition	should	be	based	on	pbt	as	opposed	to	ebitda	pbt	for	these	
purposes	means	operating	profit	after	any	charges	arising	from	the	ltip	and	it	will	exclude	exceptional	
profits	onerous	lease	provision	release	interest	movement	in	hire	deposits	and	other	material	accruals	
unless	the	remuneration	committee	considers	them	appropriate	to	include	the	targets	may	be	adjusted	
in order to neutralise the effect of any changes to the capital base
depending	on	the	company’s	cumulative	pbt	performance	during	the	three	year	performance	period	the	
following	percentages	of	the	award	will	vest
i	 25	will	vest	if	the	business	achieves	a	cumulative	pbt	of	£79m
ii	 50	will	vest	if	the	business	achieves	a	cumulative	pbt	of	£84m
iii	 75	will	vest	if	the	business	achieves	a	cumulative	pbt	of	£89m
iv	 100	will	vest	if	the	business	achieves	a	cumulative	pbt	of	£105m
awards	will	only	vest	if	the	remuneration	committee	is	satisfied	that
i	 	 the	pbt	performance	for	the	relevant	financial	year	is	reflective	of	the	longterm	underlying	financial	
performance	of	the	company	taking	into	account	expected	future	financial	performance	of	the	
company
ii	 	 the	company	has	maintained	a	regular	dividend	payment	or	the	board	has	unanimously	determined	
that	although	retained	earnings	are	considered	sufficient	to	continue	the	payment	of	dividends	under	
a	regular	dividend	policy	dividends	should	not	be	paid	and	instead	retained	earnings	should	be	used	
for	other	purposes
20132016 award
the remuneration committee has approved a new ltip award for members of the executive management 
team	 including	 executive	 directors	 which	 was	 made	 in	 april	 2013	 with	 a	 performance	 period	 covering	 the	
three	financial	years	ending	january	2016	the	award	will	be	based	on	a	number	of	ordinary	shares	in	the	
company	issued	in	the	future	at	a	nil	exercise	price	subject	to	continued	employment	regular	dividend	
payments	and	consistent	underlying	profit	performance	
for	brian	brick	and	robin	piggott	this	award	is	equivalent	to	100	and	70	of	salary	respectively	
the remuneration committee considered that the performance condition should again be based on 
pbt	pbt	for	these	purposes	to	have	the	same	definition	as	for	the	april	2012	award	the	targets	may	be	
adjusted	in	order	to	neutralise	the	effect	of	any	changes	to	the	capital	base
the	committee	did	consider	the	inclusion	of	measures	like	tsr	but	given	the	stage	of	the	company’s	
turnaround	the	company’s	scale	and	the	absence	of	direct	competitors	in	this	market	the	committee	
felt	that	for	the	current	time	pbt	was	an	appropriate	measure	furthermore	by	making	it	a	cumulative	
measure	it	would	avoid	a	windfall	from	the	performance	of	one	particular	year	and	therefore	promotes	
reward for a more progressive growth pattern 
depending	on	the	company’s	cumulative	pbt	performance	during	the	three	year	performance	period	the	
following	percentages	of	the	award	will	vest
i	 25	will	vest	if	the	business	achieves	a	cumulative	pbt	of	£120m
ii	 50	will	vest	if	the	business	achieves	a	cumulative	pbt	of	£130m
iii	 75	will	vest	if	the	business	achieves	a	cumulative	pbt	of	£140m
iv	 100	will	vest	if	the	business	achieves	a	cumulative	pbt	of	£159m 46 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
annual report on remuneration
continued
share ownership
as	set	out	in	the	policy	report	executives	will	be	required	to	retain	all	of	the	posttax	number	of	shares	
until	a	minimum	shareholding	has	been	achieved	executives	who	receive	an	award	which	exceeds	50	of	
salary	are	expected	to	build	a	holding	equal	in	value	to	100	of	salary	before	they	are	allowed	to	sell	the	
vested	shares	executives	who	receive	an	award	of	50	of	salary	are	expected	to	build	a	holding	of	50	of	
salary	along	the	same	lines	as	above	executives	who	receive	an	award	below	50	salary	are	expected	to	
build	a	holding	of	15	of	salary	along	the	same	lines	as	above
as at 25 january 2014 all executive directors met the guideline
the	beneficial	and	nonbeneficial	interests	of	the	directors	in	the	share	capital	of	moss	bros	at	25	january	
2014	are	set	out	below
interests in ordinary shares 
no	shares
share	awards	subject	to	
performance conditions
1 
no	shares
share	awards	subject	to	
service conditions
2 
no	shares
saye	options
3
 
no	shares
total 
no	shares
26 january 
2013
25 january 
2014
26 january 
2013
25 january 
2014
26 january 
2013
25 january 
2014
26 january 
2013
25 january 
2014
26 january 
2013
25 january 
2014
brian brick 2219153 2219153 1889080 2378401 596832 786887 12300 18381 4717365 5402822
robin 
piggott
258213 258213 389127 611468 259872 383825 12300 18381 919512 1271887
debbie 
hewitt
715756 715756 – – – – – – 715756 715756
maurice 
helfgott
80000 350000 – – – – – – 80000 350000
bryan 
portman
80000 100000       80000 100000
zoe	morgan 12449 47775       12449 47775
1 these awards represent the outstanding ltip interests which are included in the table on page 40
2  these awards represent the nilcost options awarded in respect of deferred annual bonus brian brick and robin piggott both have three awards 
outstanding	which	will	vest	subject	to	continued	employment	on	21	april	2014	5	apr il	2015	and	11	april	2016
3	 represents	the	saye	scheme	interest	which	will	vest	on	10	july	2015	and	9	may	20 16
relative	importance	of	the	spend	on	pay
the following table sets out the percentage change in distributions to shareholders and employee 
remuneration costs
201314 201213 	change
employee	remuneration	costs	£’000
1
20712 20658 03
distributions	to	shareholders	£’000
2
953 571 669
1	 based	on	the	figure	shown	in	note	8	to	the	financial	statements
2  based on the cash returned to shareholders in 201314 through dividends as shown in note 12 to the financial statements note that no share 
buyback programmes are in operation moss bros group plc annual report  accounts 201314 i 47 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
percentage	increase	in	the	remuneration	of	the	chief	executive
the	table	below	shows	the	movement	in	the	salary	benefits	and	annual	bonus	for	the	chief	executive	
between	the	current	and	previous	financial	year	compared	to	all	employees	of	the	company	
element of remuneration 	change
salary
chief executive 25
average	per	fte	employee 30
taxable	benefits
chief executive 48
average	per	fte 57
annual bonus
chief executive 436
average	per	fte	employee 116
	 fte	means	the	average	monthly	number	of	fulltime	equivalent	staff	employed	by	 the	company	during	the	period
performance graph and single figure table
the graph below shows the total cumulative shareholder return for the group since 1 february 2009 the 
index selected was the ftse small cap index as this was the index of which the group was a constituent 
for	most	of	the	period	shown	the	table	beneath	the	chart	sets	out	the	ceo	single	figure	over	this	period	
0
100
200
300
400
500
600
700
moss bros group
ftse smallcap
01022013 01022012 01022011 01022010 01022009
5 years cumulative total shareholder return
ftse small cap moss bros group
01022014
fiveyear	historical	tsr	performance	growth	in	the	value	of	a	hypothetical	£100	holding	over	five	years	
ftse	allshare	comparison	based	on	spot	value 48 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
annual report on remuneration
continued
the	table	below	shows	the	total	remuneration	for	the	chief	executive	over	the	same	five	year	period	note	
that all share awards are valued at the date of vest
year	ending ceo
total 
remuneration 
£000
annual bonus 
	of	max
1
longterm 
incentives 
		of	max
2
25012014 brian brick 1498 55 25
26012013 brian brick 652 100 0
28012012 brian brick 2422 100 75
29012011 brian brick 471 60 0
30012010 brian brick 315 20 0
1 note that this shows the annual bonus payments as a percentage of the maximum opportunity
2 shows the number of shares which vested as a percentage of the maximum number of shares which could have vested 
membership and attendance
during	 the	 year	 ended	 25	 january	 2014	 the	 committee	 consisted	 of	 the	 following	 nonexecutive	 directors
•	 maurice	helfgott	chairman	
•	 debbie	hewitt	
•	 bryan	portman	
maurice	helfgott	and	bryan	portman	are	independent	nonexecutive	directors	the	company	chairman	
debbie	hewitt	who	was	independent	on	appointment	is	also	a	member	of	the	committee	moss	bros	
group	 plc	 falls	 under	 the	 category	 of	 a	 ‘small	 company’	 as	 defined	 by	 the	 uk	 corporate	 governance	 code	
which only requires two independent nonexecutive directors to sit on the remuneration committee 
with	effect	from	1	february	2014	zoe	morgan	independent	nonexecutive	director	will	join	the	
committee
adviser to the committee
during	201213	the	committee	received	advice	from	new	bridge	street	a	trading	name	of	aon	
corporation	on	senior	executive	remuneration	and	employee	share	schemes	neither	new	bridge	street	
nor aon corporation provided other services to the company during the period new bridge street is a 
member of the remuneration consultants group and complies with its code of conduct the committee is 
comfortable	that	nbs’s	advice	remains	objective	and	independent	for	the	year	under	review	nbs’s	total	
fees	charged	were	£5316	 moss bros group plc annual report  accounts 201314 i 49 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
service	contracts	and	letters	of	appointment
brian brick’s contract of service which is dated 16 april 2009 is terminable on twelve months’ notice by 
either	party	and	subject	to	a	noncompete	clause	of	six	months	robin	piggott’s	service	contract	which	is	
dated	28	june	2010	is	terminable	by	either	party	on	six	months’	notice	and	also	subject	to	a	noncompete	
clause	of	six	months	nonexecutive	directors’	appointment	dates	are	set	out	below
details	of	their	current	appointments	are	as	follows
appointment date
debbie hewitt 1 june 2009
maurice helfgott 19 october 2010
bryan portman 1 july 2011
zoe	morgan 1 november 2012
dilution
the	ltip	has	a	dilution	limit	for	new	and	treasury	shares	of	15	of	the	issued	ordinary	share	capital	of	
the company in any 10 year period for any share option scheme operated by the company as at 
25	january	2014	the	company	had	utilised	11514236	201213	8885372	ordinary	shares	through	ltip	
and	saye	awards	counting	towards	the	15	limit	which	represents	1159	201213	1000	of	the	issued	
ordinary share capital of the company
statement	of	shareholder	voting	
at	last	year’s	agm	the	directors’	remuneration	report	received	the	following	votes	from	shareholders
2013 agm
votes	cast	in	favour 642546239962
votes	cast	against 244594038
total votes cast 64499217100
maurice helfgott
chairman of the remuneration committee
2 april 2014 50 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
independent auditor’s report
to the members of moss bros group plc
opinion on financial statements of moss bros group plc
in	our	opinion
•	 	 the	financial	statements	give	a	true	and	fair	view	of	the	state	of	the	group’s	and	of	the	parent	
company’s	affairs	as	at	25	january	2014	and	of	the	group’s	profit	for	the	year	then	ended
•	 	 the	group	financial	statements	have	been	properly	prepared	in	accordance	with	international	
financial	reporting	standards	ifrss	as	adopted	by	the	european	union
•	 	 the	parent	company	financial	statements	have	been	properly	prepared	in	accordance	with	united	
kingdom	generally	accepted	accounting	practice	and
•	 	 the	financial	statements	have	been	prepared	in	accordance	with	the	requirements	of	the	companies	
act	2006	and	as	regards	the	group	financial	statements	article	4	of	the	ias	regulation
the	financial	statements	comprise	the	consolidated	statement	of	comprehensive	income	the	
consolidated	statement	of	changes	in	equity	the	consolidated	statement	of	financial	position	the	
consolidated	cash	flow	statement	the	company	balance	sheet	and	the	related	notes	1	to	25	the	
financial	reporting	framework	that	has	been	applied	in	their	preparation	is	applicable	law	and	ifrss	as	
adopted	by	the	european	union	and	as	regards	the	parent	company	financial	statements	as	applied	in	
accordance with the provisions of the companies act 2006
going concern
as required by the listing rules we have reviewed the directors’ statement on page 26 that the group is a 
going	concern	we	confirm	that
•	 	 we	have	concluded	that	the	directors’	use	of	the	going	concern	basis	of	accounting	in	the	preparation	
of	the	financial	statements	is	appropriate	and
•	 	 we	have	not	identified	any	material	uncertainties	that	may	cast	significant	doubt	on	the	group’s	ability	
to continue as a going concern
however	 because	 not	 all	 future	 events	 or	 conditions	 can	 be	 predicted	 this	 statement	 is	 not	 a	 guarantee	 as	
to the group’s ability to continue as a going concern
our assessment of risks of material misstatement
the assessed risks of material misstatement described below are those that had the greatest effect on our 
audit	strategy	the	allocation	of	resources	in	the	audit	and	directing	the	efforts	of	the	engagement	team
risk how the scope of our audit responded to the risk
store impairments 
loss making stores provide an indication that 
the	fixed	assets	related	to	that	store	could	be	
impaired	impairments	are	subject	to	an	element	
of	judgement	due	to	the	assumptions	made	within	
cash	flow	projections
we	have	challenged	the	cash	flow	projections	as	
well as management’s longerterm plans for each 
lossmaking store to ensure that impairments are 
recognised at appropriate stores this challenge 
has included a comparison of forecasts to historical 
performance	challenge	of	forecast	growth	
rates and an assessment of how achievable cost 
reduction plans are moss bros group plc annual report  accounts 201314 i 51 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
risk how the scope of our audit responded to the risk
the valuation of inventory and related provision 
inventory is presented net of the following 
provisions
•	 	 provision	for	obsolescence	and	items	to	be	
sold	at	less	than	cost	and
•	 	 provision	for	shrinkage	
there	is	an	element	of	judgement	relating	to	these	
provisions based on historical evidence and the 
current economic conditions
we have performed testing of the controls around 
the inventory business cycle we visited the 
distribution	centre	‘dc’	in	barking	for	yearend	
stock	take	procedures	in	addition	to	a	sample	
of stores we have considered the inventory 
provision for obsolescence and items to be sold 
at less than cost in the light of historical data and 
management’s	latest	estimates	and	plans	and	post	
yearend selling price we have recalculated the 
shrinkage provision using data from the internal 
audit team
the measurement and accounting for 
sharebased payments
the share awards are measured at the fair value 
at the date of the grant and expensed on a straight 
line	basis	over	the	vesting	period	the	judgement	
of the fair value and number of awards expected to 
vest is based on a management estimate
we have assessed management’s accounting under 
the principles of ifrs 2 sharebased payments 
in	particular	we	have	audited	the	fair	value	
calculations for all new share awards granted in 
the year and the vesting conditions and assessed 
the ongoing fair value of the existing sharebased 
payments	this	included
•	 	 a	review	of	the	share	option	award	
agreements
•	 	 an	assessment	of	the	reasonableness	of	
inputs including volatility compared to peer 
group
•	 	 recalculation	of	the	amounts	recognised	over	
the vesting period
the accounting for property leases onerous lease 
provision
if the group is the lessee of a property which is 
either	vacant	loss	making	or	sublet	a	provision	
may be required to recognise the onerous element 
of the lease
we have tested the utilisation and additions to the 
onerous lease provision and assessed whether the 
yearend provision is reasonable given the actual 
performance of the stores provided for compared to 
management’s forecasts 
we have challenged all store forecasts to determine 
if the provision is complete where stores have 
not	been	provided	for	we	have	considered	
management’s stated turnaround strategies in 
relation to the length of the lease remaining or 
plans to relocate the stores
revenue recognition and cutoff specifically in 
relation to hire and bespoke deposits
we	have	identified	the	hire	and	bespoke	revenue	
streams	as	areas	of	significant	audit	attention	due	
to	the	specific	accounting	treatment	of	holding	
deposits less the relevant commission and cleaning 
costs for hire transactions as deferred revenue until 
the suits are collected by the customer
we have tested the deferred revenue balance in 
relation to hire and bespoke deposits through 
inspection of sales invoices and recalculation of the 
deferred element we have tested a sample of the 
direct costs held against the deferred hire revenue 52 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
independent auditor’s report
continued
the audit committee’s consideration of these risks is set out on page 22
our	audit	procedures	relating	to	these	matters	were	designed	in	the	context	of	our	audit	of	the	financial	
statements	as	a	whole	and	not	to	express	an	opinion	on	individual	accounts	or	disclosures	our	opinion	
on	the	financial	statements	is	not	modified	with	respect	to	any	of	the	risks	described	above	and	we	do	not	
express an opinion on these individual matters
our	application	of	materiality
we	define	materiality	as	the	magnitude	of	misstatement	in	the	financial	statements	that	makes	it	probable	
that	the	economic	decisions	of	a	reasonably	knowledgeable	person	would	be	changed	or	influenced	we	
use materiality both in planning the scope of our audit work and in evaluating the results of our work
we	determined	materiality	for	the	group	to	be	£05	million	which	is	below	05	of	revenue	and	below	2	
of equity 
we agreed with the audit committee that we would report to the committee all audit differences in excess 
of	£10000	as	well	as	differences	below	that	threshold	that	in	our	view	warranted	reporting	on	qualitative	
grounds	we	also	report	to	the	audit	committee	on	disclosure	matters	that	we	identified	when	assessing	
the	overall	presentation	of	the	financial	statements	
an	overview	of	the	scope	of	our	audit
our audit work is designed to provide a full audit of the group which now consists of only moss bros plc 
following the liquidation of the ireland subsidiary in november 2013 all work is performed by the group 
audit team
opinion	on	other	matters	prescribed	by	the	companies	act	2006
in	our	opinion
•	 	 the	part	of	the	directors’	remuneration	report	to	be	audited	has	been	properly	prepared	in	
accordance	with	the	companies	act	2006	and
•	 	 the	information	given	in	the	strategic	report	and	the	directors’	report	for	the	financial	year	for	which	
the	financial	statements	are	prepared	is	consistent	with	the	financial	statements
matters	on	which	we	are	required	to	report	by	exception
adequacy of explanations received and accounting records
under	the	companies	act	2006	we	are	required	to	report	to	you	if	in	our	opinion
•	 we	have	not	received	all	the	information	and	explanations	we	require	for	our	audit	or
•	 	 adequate	accounting	records	have	not	been	kept	by	the	parent	company	or	returns	adequate	for	our	
audit	have	not	been	received	from	branches	not	visited	by	us	or
•	 	 the	parent	company	financial	statements	are	not	in	agreement	with	the	accounting	records	and	
returns
we have nothing to report in respect of these matters
directors’ remuneration
under the companies act 2006 we are also required to report if in our opinion certain disclosures of 
directors’ remuneration have not been made or the part of the directors’ remuneration report to be 
audited is not in agreement with the accounting records and returns we have nothing to report arising 
from these matters moss bros group plc annual report  accounts 201314 i 53 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
corporate governance statement
under the listing rules we are also required to review the part of the corporate governance statement 
relating to the company’s compliance with nine provisions of the uk corporate governance code we have 
nothing to report arising from our review
our duty to read other information in the annual report
under	international	standards	on	auditing	uk	and	ireland	we	are	required	to	report	to	you	if	in	our	
opinion	information	in	the	annual	report	is
•	 materially	inconsistent	with	the	information	in	the	audited	financial	statements	or
•	 	 apparently	materially	incorrect	based	on	or	materially	inconsistent	with	our	knowledge	of	the	group	
acquired	in	the	course	of	performing	our	audit	or
•	 otherwise	misleading
in	particular	we	are	required	to	consider	whether	we	have	identified	any	inconsistencies	between	our	
knowledge acquired during the audit and the directors’ statement that they consider the annual report is 
fair	balanced	and	understandable	and	whether	the	annual	report	appropriately	discloses	those	matters	
that	we	communicated	to	the	audit	committee	which	we	consider	should	have	been	disclosed	we	confirm	
that	we	have	not	identified	any	such	inconsistencies	or	misleading	statements
respective	responsibilities	of	directors	and	auditor
as	explained	more	fully	in	the	directors’	responsibilities	statement	the	directors	are	responsible	for	
the	preparation	of	the	financial	statements	and	for	being	satisfied	that	they	give	a	true	and	fair	view	our	
responsibility	is	to	audit	and	express	an	opinion	on	the	financial	statements	in	accordance	with	applicable	
law	and	international	standards	on	auditing	uk	and	ireland	those	standards	require	us	to	comply	with	
the auditing practices board’s ethical standards for auditors we also comply with international standard 
on	quality	control	1	uk	and	ireland	our	audit	methodology	and	tools	aim	to	ensure	that	our	quality	
control	procedures	are	effective	understood	and	applied	our	quality	controls	and	systems	include	our	
dedicated professional standards review team and independent partner reviews
this	report	is	made	solely	to	the	company’s	members	as	a	body	in	accordance	with	chapter	3	of	part	16	
of the companies act 2006 our audit work has been undertaken so that we might state to the company’s 
members those matters we are required to state to them in an auditor’s report and for no other purpose 
to	the	fullest	extent	permitted	by	law	we	do	not	accept	or	assume	responsibility	to	anyone	other	than	the	
company	and	the	company’s	members	as	a	body	for	our	audit	work	for	this	report	or	for	the	opinions	we	
have formed
scope of the audit of the financial statements
an	audit	involves	obtaining	evidence	about	the	amounts	and	disclosures	in	the	financial	statements	
sufficient	to	give	reasonable	assurance	that	the	financial	statements	are	free	from	material	misstatement	
whether	caused	by	fraud	or	error	this	includes	an	assessment	of	whether	the	accounting	policies	are	
appropriate to the group’s and the parent company’s circumstances and have been consistently applied 
and	adequately	disclosed	the	reasonableness	of	significant	accounting	estimates	made	by	the	directors	
and	the	overall	presentation	of	the	financial	statements	in	addition	we	read	all	the	financial	and	non
financial	information	in	the	annual	report	to	identify	material	inconsistencies	with	the	audited	financial	
statements	and	to	identify	any	information	that	is	apparently	materially	incorrect	based	on	or	materially	
inconsistent	with	the	knowledge	acquired	by	us	in	the	course	of	performing	the	audit	if	we	become	aware	
of any apparent material misstatements or inconsistencies we consider the implications for our report
georgina	robb	fca	senior	statutory	auditor 
for and on behalf of deloitte llp 
chartered accountants and statutory auditor 
london	united	kingdom
2 april 2014 54 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
consolidated statement of 
comprehensive	income
for	the	52	weeks	ended	25	january	2014
  52 weeks to  52 weeks to 26 january 2013
 25 january 2014  exceptional  
 total underlying	 items	 total
 notes £’000 £’000	 £’000 £’000
continuing operations
revenue  109141 104600	 887	 105487
cost of sales  44714 42300	 –	 42300
gross	profit	 	 64427 62300	 887	 63187
administrative expenses  5575 5852	 –	 5852
shops’ selling and marketing costs  54550 53716	 756	 54472
operating	profit		 	 4302 2732	 131	 2863
other gains and losses 24 2 2 – 2
investment revenues 4 151 246 – 246
financial costs 4 31 – – –
profit	on	ordinary	activities	 
before taxation 5 4424 2980	 131	 3111
taxation charge 10 844 776	 50	 726
profit	after	taxation	attributable 
to equity holders of the parent 19 3580 2204	 181	 2385
other	comprehensive	income
cash	flow	hedges
change in fair value of effective portion 24 172 28 – 28
other comprehensive income for the year  
net of tax  172 28 – 28
total comprehensive income for the year  3408 2232	 181	 2413
earnings	per	share	pence	 	 	 	 	 	 restated
     see note 4
basic – total 11 376p   252p
diluted – total  353p   242p
underlying	earnings	per	share 
pence
basic – total 11 376p   233p
diluted – total  353p   223p
	 	 underlying	represents	results	before	exceptional	items	as	defined	in	note	1	of	the 	financial	statements
	 	 exceptional	items	for	the	52	weeks	to	26	january	2013	relate	to	the	finalisation	of 	compulsory	purchase	compensation	claims	during	201213 
further details of these can be found in note 6 moss bros group plc annual report  accounts 201314 i 55 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
consolidated statement of 
changes	in	equity
for	the	52	weeks	ended	25	january	2014
  share share employee
	 share	 premium	 based	 benefit	 hedging	 retained	 total
 capital account payments trust reserve earnings equity
52	weeks	ended	26	january	2013	 £’000	 £’000	 £’000	 £’000	 £’000	 £’000	 £’000
balance	at	28	january	2012	 4727	 8673	 1459	 704	 –	 20175	 34330
profit	for	the	period	 –	 –	 –	 –	 –	 2385	 2385
other	comprehensive	income	 	 	 	 	 	 	
cash	flow	hedging	movement		 – – – – 28 – 28
total comprehensive income for the period – – – –	 28	 2385	 2413
issue	of	share	capitalshare	options	exercised	 238	 –	 –	 238	 –	 –	 –
dividends	paid	 –	 –	 –	 –	 –	 571	 571
sale	of	shares	by	employee	benefit	trust	 –	 –	 –	 238	 –	 238	 –
reclassification	of	share	based	payments 
for	exercise	of	share	awards	 –	 –	 1164	 –	 –	 1164	 –
credit to equity for equity settled 
sharebased payments – – 286 – – – 286
movement in deferred tax on equity settled 
sharebased	payments	 –	 –	 14	 –	 –	 –	 14
subscription	to	employee	benefit	trust	 –	 –	 –	 1121	 –	 –	 1121
balance at 26 january 2013 4965 8673 567 1825 28 22915 35323
	 	 during	201213	the	employee	benefit	trust	ebt	subscribed	for	a	new	issue	of	share s	at	nominal	value	in	order	to	satisfy	options	exercised	as	part	 
of	the	group’s	200910	longterm	incentive	plan	ltip	awarded	to	senior	employee s	£1164000	of	share	based	payments	were	reclassified	to	 
retained earnings on the exercise of these options a proportion of these shares were then repurchased by the ebt at open market value the net  
result	of	these	transactions	was	an	increase	of	£238000	in	issued	share	capital	being 	the	nominal	value	of	shares	issued	and	an	increase	in	the	 
ebt	reserve	of	£1121000	being	the	market	value	of	shares	repurchased	by	the	ebt 	these	numbers	have	been	expanded	from	the	201213	disclosure	
note	to	provide	additional	clarification
  share share employee
	 share	 premium	 based	 benefit	 hedging	 retained	 total
 capital account payments trust reserve earnings equity
52	weeks	ended	25	january	2014	 £’000	 £’000	 £’000	 £’000	 £’000	 £’000	 £’000
balance	at	26	january	2013	 4965	 8673	 567	 1825	 28	 22915	 35323
profit	for	the	period	 –	 –	 –	 –	 –	 3580	 3580
other	comprehensive	income	 	 	 	 	 	 	
cash	flow	hedging	movement	 –	 –	 –	 –	 172	 –	 172
total	comprehensive	income	for	the	period	 –	 –	 –	 –	 172	 3580	 3408
dividends	paid	 –	 –	 –	 –	 –	 953	 953
reclassification	from	accruals	for	equity 
settled	sharebased	payments	 –	 –	 289	 –	 –	 47	 336
sale	of	shares	by	employee	benefit	trust	 –	 –	 –	 46	 –	 46	 –
credit to equity for equity settled 
sharebased payments – – 487 – – – 487
movement on deferred tax on equity settled 
sharebased payments – – 398 – – – 398
balance at 25 january 2014 4965 8673 1741 1779 144 25543 38999
	 please	refer	to	note	9 56 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
consolidated statement of
financial position
as	at	25	january	2014
    25 january 26 january
    2014 2013
   notes £’000	 £’000
assets
intangible assets   13 1878	 1231
property	plant	and	equipment	 	 	 14 12039	 11488
leasehold improvements   14 821 883
deferred tax assets   10 1698 822
total noncurrent assets    16436	 14424
inventories   16 13457	 13825
trade and other receivables   17 4438	 4666
cash and cash equivalents   24 28321	 25723
derivative	financial	instruments	 	 	 24 – 8
total current assets    46216	 44222
total assets    62652	 58646
liabilities
trade and other payables   20 14372	 14749
provisions   22 956 564
derivative	financial	instruments	 	 	 24 162 –
current tax liability    2335 548
total current liabilities    17825	 15861
other payables   21 1710	 1741
provisions   22 2139	 2619
deferred tax liabilities   10 1979	 3102
total noncurrent liabilities    5828	 7462
total liabilities    23653	 23323
net assets    38999	 35323
equity
issued capital   18 4965	 4965
share premium account    8673	 8673
sharebased payments   19 1741 567
employee	benefit	trust	 	 	 19 1779	 1825
hedge reserve   19	24 144 28
retained earnings   19 25543	 22915
equity	attributable	to	equity	holders	of	parent	 	 	 38999	 35323
the	 financial	 statements	 of	 moss	 bros	 group	 plc	 registered	 number	 134995	 on	 pages	 54	 to	 87	 were	 approved	 by	 the	
board	of	directors	on	2	april	2014	and	were	signed	on	its	behalf	by
 
brian brick robin piggott
chief	executive	officer	 finance	director
2 april 2014 2 april 2014 moss bros group plc annual report  accounts 201314 i 57 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
consolidated cash flow statement
for	the	52	weeks	ended	25	january	2014
    52 weeks to 52 weeks to
    25 january 26 january
    2014 2013
   notes £’000	 £’000
operating	activities
profit	after	taxation	 	 	 	 3580	 2385
adjustments	for
taxation charge    844 726
other gains and losses   24 2	 2
investment revenues   4 151	 246
financial costs   4 31 –
amortisation of intangible assets   13 670 579
depreciation	of	tangible	fixed	assets	 	 	 14 4388	 4553
amortisation of compulsory purchase compensation receipt   14	6 204	 610
loss	on	sale	of	property	plant	and	equipment	 	 	 	 129 305
decrease in inventories    368 260
decrease		increase	in	receivables	 	 	 	 228	 494
decrease in payables    336	 20
decrease		increase	in	provisions	 	 	 	 88 932
sharebased payments expense   9 675 286
taxation paid    659	 120
net	cash	from	operating	activities	 	 	 	 9473	 8534
investing	activities
interest received   4 151 44
purchase of intangible assets   13 1317	 752
purchase	of	tangible	fixed	assets	 	 	 14 4802	 4760
compulsory purchase compensation receipt allocated to 
property	plant	and	equipment	 	 	 	 –	 1017
net	cash	used	in		received	from	investing	activities	 	 	 5968	 4451
dividends paid    953	 571
proceeds from the issue of shares    – 238
sale	of	shares	bysubscription	to	employee	benefit	trust	shares	 	 46	 1359
net	cash	used	in	financing	activities	 	 	 	 907	 1692
cash and cash equivalents at beginning of period   25723	 23332
net increase in cash and cash equivalents    2598	 2391
cash and cash equivalents at end of period    28321	 25723 58 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
company	balance	sheet
as	at	25	january	2014
    25 january 26 january
    2014 2013
   notes £’000	 £’000
fixed assets
intangible assets   14 1878	 1231
property	plant	and	equipment	 	 	 14 12653	 12305
leasehold improvements   14 821 883
investments   15 9502	 9502
deferred tax asset   10 1171 916
total fixed assets    26025	 24837
current assets
inventories    16 13457	 13825
debtors   17 6589	 6994
cash and liquid resources    28321	 25123
derivative	financial	instruments	 	 	 24 – 8
total current assets    48367	 45950
total assets    74392	 70787
creditors
amount falling due within one year   20 26734	 26914
current tax liability    2335 545
derivative	financial	instruments	 	 	 24 162 –
total current liabilities    29231	 27459
provisions
provisions falling due within one year   22 956 564
total liabilities    30187	 28023
net current assets    18180	 17927
total assets less current liabilities    44205	 42764
creditors
amount falling due after one year   21 1124	 1230
deferred tax liability   10  1979	 3196
total long term liabilities    3103	 4426
provisions
provisions falling due after one year   22 2139	 2619
net assets    38963	 35719
capital	and	reserves
called up share capital   18 4965	 4965
share premium account   19 8673	 8673
sharebased payments   19 1215 581
employee	benefit	trust	 	 	 19 1779	 1825
acquisition reserve   19 4370	 4370
hedge reserve   24 144 28
profit	and	loss	account	 	 	 19 21663	 18927
shareholders’ funds   19 38963	 35719
the	financial	statements	of	moss	bros	group	plc	registered	number	134995	were	approved	by	the	board	of	directors	on	2	april	2014	
and	were	signed	on	its	behalf	by
 
brian brick robin piggott
chief	executive	officer	 finance	director
2 april 2014 2 april 2014 moss bros group plc annual report  accounts 201314 i 59 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
for the 52 weeks ended 25 january 2014
1 principal accounting policies
moss bros group plc “the company” is a public limited company incorporated in great britain and domiciled in the united 
kingdom under the companies act 2006 the address of the registered office is 8 st johns hill london sw11 1sa the nature of 
the group’s operations and its principal activities are set out in the strategic review on pages 4 to 6 the consolidated financial 
statements of the company for the 52 weeks ended 25 january 2014 “the period” comprise the company and its subsidiaries 
together “the group”
basis of preparation and statement of compliance
the financial statements have been prepared in accordance with international financial reporting standards ifrss the financial 
statements have also been prepared in accordance with ifrss adopted by the european union and therefore the group financial 
statements comply with article 4 of the eu ias regulation the company has elected to prepare its parent company accounts 
under uk generally accepted accounting practices “uk gaap”
the preparation of financial information in conformity with ifrss requires management to make judgements estimates and 
assumptions that affect the application of policies and reported amounts of assets and liabilities income and expenses the 
estimates and associated assumptions are based on historical experience and various other factors that are believed to be 
reasonable under the circumstances the results of which form the basis of making the judgements about carrying values of assets 
and liabilities that are not readily apparent from other sources actual results may differ from these estimates 
management believe the most significant areas of judgement to be
deferred tax
the carrying amount of deferred tax assets is reviewed at each balance sheet date and a judgement made over the probability of 
there being sufficient taxable profits arising in the future to allow all or part of the asset to be recovered
sharebased payments
the assumptions behind the group’s estimate of equity instruments that will eventually vest is considered a key area of judgement
property plant and equipment
the estimated useful lives of noncurrent assets is considered to be a key area of judgement particularly given the nature of the 
business 
the estimates and underlying assumptions are reviewed on an ongoing basis revisions to accounting policies are recognised in 
the period in which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the 
revision affects both current and future periods
the financial statements have been prepared on the historical cost basis except where ifrss require an alternative treatment 
historical cost is generally based on the fair value of the consideration given in exchange for the assets
the group’s significant accounting policies are set out in this note together with the judgements made by management in applying 
these policies which have the most significant effect on the amounts recognised in the financial statements apart from those 
involving estimations which are dealt with separately in note 2 these accounting policies have been applied consistently to all 
periods presented in these consolidated financial statements except as set out below the estimates and underlying assumptions 
are reviewed on an ongoing basis
the group and company financial statements are presented in sterling because that is the currency of the primary economic 
environment in which the group operates and all values in tables are rounded to the nearest thousand pounds except when 
otherwise indicated
the accounting policies adopted for the period are consistent with those adopted in the financial statements for the 52 weeks 
ended 26 january 2013 these can be seen via wwwmossbroscouk
onerous property leases
the assumptions underlying these calculations are highly sensitive to small changes 60 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
1 principal accounting policies continued
standards amendments and interpretations effective in 201314
at the date of authorisation of these financial statements the following new and revised standards and interpretations have been 
adopted in the current year their adoption has not had any significant impact on the amounts reported in these financial statements
ifrs 7 amended disclosures  offsetting financial assets and financial liabilities
annual improvements to ifrss 2009 – 2011 cycle
ifrs 10  consolidated financial statements
ifrs 11 joint arrangements
ifrs 12 disclosure of interests in other entities
ifrs 13 fair value measurement
ias 19 revised employee benefits
ias 27 revised separate financial statements
ias 28 revised investments in associates and joint ventures
standards amendments and interpretations to existing standards that are not yet effective and 
have not been early adopted by the group
at the date of authorisation of these financial statements the following standards and interpretations which have not been applied in 
these financial statements were in issue but not yet effective and in some cases had not yet been adopted by the eu
ifrs 9 financial instruments
ias 36 amendments recoverable amount disclosures for nonfinancial assets
ias 39 amendments novation of derivatives and continuation of hedge accounting
the directors do not expect that the adoption of the standards and interpretations listed above will have a material impact on the 
financial statements of the group in future periods
beyond the information above it is not practicable to provide a reasonable estimate of the effect of these standards until a detailed 
review has been completed 
consolidation
the consolidated group accounts incorporate the accounts of moss bros group plc and its subsidiaries all of which have made up 
their accounts to 25 january 2014 subsidiaries are entities controlled by the company control exists when the company has the 
power directly or indirectly to govern the financial and operating policies of an entity so as to obtain benefits from its activities in 
assessing control potential voting rights that presently are exercisable or convertible are taken into account the financial statements 
of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control 
ceases all intercompany balances income expenditure and expenses are eliminated on consolidation
company financial statements
the company financial statements have been prepared in accordance with applicable united kingdom law and accounting standards 
and under the historical cost convention the following company accounting policies have been applied consistently in dealing with 
items which are considered material in relation to the company’s financial statements as permitted by section 408 of the companies 
act 2006 the company has elected not to present its own profit and loss account for the year the company is exempt from the 
requirement to prepare a cash flow statement in accordance with financial reporting standard number 1
the company made a profit after taxation for the 52 week period to 25 january 2014 of £3546000 201213 profit of £2756000
going concern
the directors have at the time of approving the financial statements a reasonable expectation that the company and the group have 
adequate resources in place for operational existence for the foreseeable future thus they continue to adopt the going concern basis 
of accounting in preparing the financial statements further detail is contained in the corporate governance report on page 21
revenue
revenue comprises sales to third parties excluding vat and is derived from the retail sale and hire of clothing and ancillary goods 
revenue is recognised on exchange of goods for the hire of clothing the exchange of goods occurs when the hire clothing and 
ancillary goods are collected for use by the customer at this point it is deemed that all risks and rewards have been transferred 
hire deposits are held within deferred revenue until this date revenue is measured at the fair value of the consideration received or 
receivable and represents amounts receivable for goods and services provided in the normal course of business net of discounts vat 
and other sales related taxes moss bros group plc annual report  accounts 201314 i 61 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
cost of sales
cost of sales includes all costs of purchases and costs incurred in bringing inventories to their present location and condition costs 
of purchase comprise the purchase price other taxes and transport costs inventory write downs are included in cost of sales when 
recognised
foreign exchange
transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction monetary assets and 
liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and gains or 
losses on translation are included in the income statement
leases
group
leases under the terms of which the company assumes substantially all the risks and rewards of ownership are classified as finance 
leases assets acquired under finance leases are capitalised and the outstanding future lease obligations are shown in payables as 
at 25 january 2014 and 26 january 2013 the company had no finance leases all other leases are defined as operating leases
payments made under operating leases are recognised in the income statement on a straightline basis over the term of the lease 
amounts payable in respect of contingent rents are recognised in the period to which the sales relate
lease incentives are recognised as a liability the aggregate benefit of incentives is recognised as a reduction of expense on a 
straightline basis
company
as at 25 january 2014 the company had no finance leases operating lease rentals are charged to the profit and loss account on a 
straightline basis over the period of the lease benefits received and receivable as an incentive to sign an operating lease are spread 
on a straightline basis over the lease term except where the period to the review date on which the rent is first expected to be 
adjusted to the prevailing market rate is shorter than the full lease term in which case the shorter period is used 
financial instruments
the group enters into foreign exchange forward contracts to manage its exposure to foreign exchange rate risk further details of 
derivative financial instruments are disclosed in note 24
derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to 
their fair value at each balance sheet date the resulting gain or loss is recognised in profit or loss immediately unless the derivative 
is designated and effective as a hedging instrument in which event the timing of the recognition in profit or loss depends on the 
nature of the hedge relationship
a derivative with a positive fair value is recognised as a financial asset whereas a derivative with a negative fair value is recognised 
as a financial liability a derivative is presented as a noncurrent asset or a noncurrent liability if the remaining maturity of the 
instrument is more than 12 months and it is not expected to be realised or settled within 12 months other derivatives are presented 
as current assets or current liabilities 
hedge accounting 
hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges 
at the inception of the hedge relationship the entity documents the relationship between the hedging instrument and the hedged 
item along with its risk management objectives and its strategy for undertaking various hedge transactions furthermore at the 
inception of the hedge and at interim and period end the group documents whether the hedging instrument is highly effective in 
offsetting changes in cash flows of the hedged item 
cash flow hedge
the effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in 
other comprehensive income the gain or loss relating to the ineffective portion is recognised immediately in profit or loss and is 
included in the ‘other gains and losses’ line item 
amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to profit or loss in the 
periods when the hedged item is recognised in profit or loss in the same line of the income statement as the recognised hedged 
item however when the forecast transaction that is hedged results in the recognition of a nonfinancial asset the gains and losses 
previously accumulated in equity are transferred from equity and included in the initial measurement of the cost of the nonfinancial 
asset  62 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
1 principal accounting policies continued
hedge accounting is discontinued when the group revokes the hedging relationship the hedging instrument expires or is sold 
terminated or exercised or no longer qualifies for hedge accounting any gain or loss recognised in other comprehensive income at 
that time is accumulated in equity and is recognised when the forecast transaction is ultimately recognised in profit or loss when a 
forecast transaction is no longer expected to occur the gain or loss accumulated in equity is recognised immediately in profit or loss
dividends
dividends are not accrued until approved by shareholders
taxation
group
the tax expense represents the sum of the tax currently payable and deferred tax
current tax
the tax currently payable is based on taxable profit for the year taxable profit differs from net profits as reported in the income 
statement because it excludes items of income and expense that are taxable or deductible in other years and it further excludes 
items that are never taxable or deductible the group’s liability for current tax is calculated using tax rates that have been enacted or 
substantively enacted by the balance sheet date
deferred tax
deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in 
the financial statements and the corresponding tax bases used in the computation of taxable profit and is accounted for using the 
balance sheet liability method deferred tax liabilities are generally recognised for all taxable temporary differences and deferred 
tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary 
differences can be utilised such assets and liabilities are not recognised if a temporary difference arises from the initial recognition 
of goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the 
accounting profit
the carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer 
probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered
deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised 
deferred tax is charged or credited in the income statement except when it relates to items charged or credited directly to equity in 
which case the deferred tax is also dealt with in equity
deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax 
liabilities and when they relate to income taxes levied by the same taxation authority and the group intends to settle its current tax 
assets and liabilities on a net basis
company
tax on the loss for the periods represented comprises current and deferred tax tax is recognised in the income statement except to 
the extent that it relates to items recognised directly in equity in which case it is recognised in equity
current tax is the expected tax payable on the taxable income for the period using tax rates enacted or substantively enacted during 
the course of the that period and any adjustment to tax payable in respect of previous periods
deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date
a deferred tax asset is regarded as recoverable and therefore recognised only when on the basis of all available evidence it can be 
regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing 
differences can be deducted
deferred tax is not discounted
exceptional items
exceptional items are those significant credits or charges which in the opinion of the directors should be separately disclosed by 
virtue of their size and one off nature to enable a full understanding of the group’s financial performance transactions which may 
give rise to exceptional items include charges for impairment significant provisions for onerous property lease contracts transaction 
related costs redundancy costs and discontinued operations which have a material impact on the absolute amount of and trend in 
the result for the period therefore such items are disclosed as exceptional on the face of the income statement
cash and cash equivalents
cash and cash equivalents comprise cash balances and call deposits moss bros group plc annual report  accounts 201314 i 63 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
trade receivables and debtors
trade receivables and debtors represent amounts due from retailers in respect of subtenant income and concessions from which the 
group trades less commissions due
government grants
group
grantscompensation received in respect of expenses incurred are credited to the income statement to match the related expense 
grantscompensation received in respect of capital expenditure incurred are credited to property plant and equipment and amortised 
to the income statement over the lives of the related assets
company
grantscompensation received in respect of expenses incurred are credited to the income statement to match the related expense 
grantscompensation received in respect of capital expenditure incurred are credited to creditors and amortised to the income 
statement over the lives of the related assets
pensions
contributions payable to the group personnel pension plan and other post retirement benefits are charged to the income statement 
in the period to which they relate differences between contributions payable in the period and contributions actually paid are shown 
as either accruals or prepayments in the balance sheet
sharebased payment 
equitysettled sharebased payments to employees are measured at the fair value of the equity instrument at the grant date details 
are set out in note 9 the fair value determined at grant date of the equitysettled sharebased payments is expensed on a straight
line basis over the vesting period based on the group’s estimate of equity instruments that will eventually vest at each balance sheet 
date the group revises its estimate of the number of equity instruments expected to vest as a result of the effect of non market
based vesting conditions the impact of the revision of the original estimates if any is recognised in the profit or loss such that the 
cumulative expense reflects the revised estimate with a corresponding adjustment to equity reserves
the company has applied the requirements of frs 20 ‘sharebased payments’
intangible assets
computer software and the directly related development costs that are not an integral part of the related hardware are classified as 
an intangible asset and stated at cost less accumulated amortisation amortisation is charged on a straightline basis over five years
property plant and equipment
depreciation is calculated so as to write down on a straightline basis the cost of noncurrent assets over their estimated useful lives 
to their estimated residual values the rates used are as follows
fixtures and fittings 510 years
computer hardware 5 years
vehicles 6 years
hire inventory is written down to £nil over its estimated useful economic life of five years
at each balance sheet date the group reviews the carrying value of its property plant and equipment and intangible assets to 
determine whether there is any indication that these assets have suffered an impairment loss if any such indication exists the 
recoverable amount of the asset is estimated in order to determine the extent of the impairment loss if any
the group considers all the assets of a particular store to be one cash generating unit for the purposes of impairment estimate 
and the related assets of a particular store are reviewed at each balance sheet date to determine whether there is any indication of 
impairment
recoverable amount is the higher of fair value less costs to sell and the value in use in assessing value in use of a store cash 
generating unit the estimated future cash flows are discounted to their present value
if the recoverable amount of a cash generating unit is estimated to be less than its carrying amount the carrying amount of the cash 
generating unit is reduced to the recoverable amount an impairment loss is recognised as an expense immediately 64 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
1 principal accounting policies continued
during 201314 the group progressed with the store development programme which commenced during 201213 an additional 
charge of £05m was taken in 201213 to reflect accelerated depreciation on existing fixtures and fittings in those stores so that the 
value of fixtures and fittings replaced on refit will be written off by the date of refit management have reassesed the useful economic 
lives of these assets and a £13k credit to the income statement has been made during the year ended 25 january 2014 this has been 
treated as a prospective revision to the group’s estimate for depreciation in accordance with ias 8 accounting policies changes in 
accounting estimates and errors
leasehold improvements
leasehold improvements are written off over the shorter of the period of the lease or the useful economic life of the assets on a 
straightline basis
location premiums are paid to enter a property which is in a desirable location stated at cost net of depreciation and any provision 
for impairment depreciation is calculated on location premiums over the useful economic life on a straightline basis
investments
investments are stated at cost less amounts written off for any impairment in value
inventories
retail inventory is valued at the lower of cost weighted average by season and estimated net realisable value estimated selling price 
less estimated costs of completion and costs to be incurred in selling and distribution net realisable value is estimated as discussed 
in note 2 volume discounts received and receivable are deducted from the cost of inventories
provisions
provisions are recognised when the group has a present obligation legal or constructive as a result of a past event and it is probable 
that the group will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation 
the amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance 
sheet date taking into account the risks and uncertainties surrounding the obligation where a provision is measured using the cash 
flows estimated to settle the present obligation its carrying amount is the present value of those cash flows 
provisions for onerous property lease contracts are recognised when the group believes that the unavoidable costs of meeting the 
lease obligations exceed the economic benefits to be received under the lease where material these provisions are discounted to 
their present value provisions are recognised on a lease by lease basis
capital management
the board’s policy is to maintain a strong capital base so as to maintain investor creditor and market confidence and to sustain 
future development of the business to achieve this the board of directors monitors the balance sheet working capital the cash 
flows and the level of dividends paid to shareholders
the board seeks to maintain a balance between the higher returns that might be possible with higher levels of borrowings and the 
advantages and security afforded by a sound capital position
during the period the company’s approach to capital management was reviewed and a policy of spreading cash deposits across 
three uk based banks was adopted so as to minimise the risks associated with default by any one bank the banks selected carry the 
highest available credit ratings 
neither the company nor any of its subsidiaries are subject to externally imposed capital requirements moss bros group plc annual report  accounts 201314 i 65 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
2 key sources of estimation uncertainty
in applying the above accounting policies management has made appropriate estimates in many areas and the actual outcome 
may differ from those calculated the key sources of estimation uncertainty at the balance sheet date that have a significant risk of 
causing material adjustment to the carrying amounts of assets and liabilities within the next financial period are
impairment calculations
the carrying amount of noncurrent assets on the balance sheet is dependent on the estimates of future profits and cash flows 
arising from the company’s operations
the key assumptions for the value used in calculating any impairment loss referred to in the property plant and equipment 
accounting policy note are regarding expected growth rates to individual stores during the year and discount rates applied to the 
forecast cash flows management estimates discount rates using a pretax discount rate based on the weighted average cost of 
capital for the group sales and cost growth rates are based on the managements’ best expectations of future business performance 
over a maximum period of five years
no impairments have been made to assets during 201314 201213 £nil
onerous property lease contracts
the company provides for onerous property lease contracts where the group believes that the unavoidable costs of meeting the lease 
obligations exceed the economic benefit until the end of the lease the provision is calculated as the lower of contracted rental costs 
estimated net exit costs and the forecast operating losses through to the end of the lease these provisions are based on the best 
estimate of the liability at the balance sheet date the actual liability being dependent on future events such as economic conditions 
and marketplace demand expectations will be revised at each period until the actual liability arises with any difference accounted 
for in the period in which the revision is made
the provision for onerous property lease contracts is discounted to reflect the time value of money
as a result a net debit of £397000 was recognised within the consolidated statement of comprehensive income in relation to onerous 
property lease contracts for continuing operations for the period ended 25 january 2014 201213 £932000 debit
sharebased payment transactions
the fair values of the options granted and shares granted under the ltip and saye that are referred to in the accounting policies 
note are measured using the blackscholes model taking into account the terms and conditions upon which the options and shares 
were granted details of the assumptions used are set out in note 9 
the group has applied the requirements of ifrs2 ‘sharebased payments’ the company has applied the requirements of frs20 
‘sharebased payments’ 
the amount recorded in the income statement in respect of sharebased payment transactions is ifrs 2 charge of £488000 and 
employer’s national insurance charge of £188000 201213 ifrs 2 charge of £286000 and employer’s national insurance charge 
£358000 and relates to the ltip and saye 
inventory provisions
net realisable value is the selling price of inventory in the ordinary course of business less estimated selling costs provision is made 
for the estimated obsolescence of old seasons’ lines based on historical margin trends and for the estimated loss of inventory from 
shop theft based on historical data the provision at 25 january 2014 was £430000 201213 £525000
3 revenue and business segments
operating segments
the majority of the company’s turnover arose in the united kingdom with the exception of two stores in ireland
ifrs 8 ‘operating segments’ requires operating segments to be identified on the basis of internal reports about components of 
the group that are regularly reviewed by the chief executive officer to allocate resources to the segments and to assess their 
performance
information reported to the group’s chief executive officer for the purposes of resource allocation and assessment of segment 
performance is focused on the split between mainstream retail bespoke and hire given the similarities between mainstream retail 
and bespoke they meet the aggregation criteria under ifrs 8 therefore are both reported under retail
information regarding the group’s continuing operating segments is reported below 66 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
3 revenue and business segments continued
the following is an analysis of the group’s revenue and gross profit in the current and prior periods
key financials
    52 weeks to 52 weeks to 
    25 january 26 january 
    2014 2013 
continuing operations    £’000 £’000 
revenue
retail    92021 86633
hire    17120 17967
total revenue    109141 104600
gross profit
retail    49930 47245
hire    14497 15055
total gross profit    64427 62300
administrative expenses    5575 5852
shops’ selling and marketing costs    54550 53716
operating profit     4302 2732
other gains and losses    2 2
investment revenues    151 246
financial costs    31 –
profit before taxation    4424 2980
the accounting policies for the reportable segments are the same as the group’s accounting policies described in note 1
only revenue and gross profit have been reported for the group’s business segments retail and hire as the main operating costs 
being property related overheads and staff cannot be separately identified as they both use the same stores and hence operating 
profit is not reported to the chief executive officer split by retail and hire revenue and gross profit are the measures reported to the 
chief executive officer for the purpose of resource allocation and assessment of segmental performance
on the same basis assets cannot be allocated between retail and hire and are not reported to the chief executive officer separately
4 investment revenue and financial costs
    201314 201213 
continuing operations    £’000 £’000
interest receivable on bank deposits    151 246
interest payable on corporation tax    31 –
    120 246 moss bros group plc annual report  accounts 201314 i 67 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
5 profit on ordinary activities before exceptional items and taxation
profit on ordinary activities before taxation is stated after chargingcrediting the following
    201314 201213 
continuing operations    £’000 £’000
staff costs    23448 23199
depreciation of property plant and equipment net of the amortisation of the lda credit amounting 
to £204k 201213 £712k    3996 3751
depreciation of leasehold improvements    187 192
amortisation of intangibles    670 579
loss on disposal of property plant and equipment    129 305
operating lease charges – land and buildings    17511 18096
operating lease charges – other    27 127
other operating income from sublets    666 597
rent paid contingent on turnover    686 703
 see ongoing treatment in note 6 exceptional items
6 exceptional items
    201314 201213 
    £’000 £’000
revenue
receipt relating to finalisation of compulsory purchase compensation claim   – 887
shop selling and marketing costs
amortisation of compulsory purchase compensation receipt    – 610
provision for onerous property lease contracts     – 1366
total exceptional items    – 131
total taxation credit on exceptional items    – 50
during 201213 compulsory purchase compensation of £1904000 was received 
£464000 related to the group’s former exeter store and was in respect of lost income and additional operating costs incurred in the 
relocation to the new store and was recognised within revenue as an exceptional item in 201213 
£1440000 was received from the london development agency lda resulting from the finalisation of a compulsory purchase 
compensation claim made in 2007 on the group’s former distribution centre following the successful london olympics bid £423000 
of this amount related to revenue and £1017000 related to fixed assets of the £1017000 which related to fixed assets £610000 was 
recognised in 201213 as an exceptional item representing six years accumulated depreciation and £407000 was deferred into future 
years to be released over the useful economic lives of the relevant replacement assets this ongoing annual release has not been 
treated as an exceptional item in 201314 but netted off the annual depreciation charge for the replacement assets
in 201213 an additional provision for onerous property lease contracts was made under ias 37 ‘provisions contingent liabilities and 
contingent assets’ of £1366000 in respect of two lossmaking stores as they met management’s definition of exceptional items due 
to their individual size and nature the additional provision represented the net present value of additional projected losses for each 
store until the end of lease there was no such additional provision during 201314 68 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
7 auditor’s remuneration
the analysis of auditor’s remuneration is as follows
    201314 201213 
    £’000 £’000
fees payable to the company’s auditor for the audit of the company’s annual accounts  89 86
fees payable to the company’s auditor for other services to the group
– the audit of the company’s subsidiaries pursuant to legislation    – 6
total audit fees    89 92
audit related assurance services    6 9
taxation compliance services    – 13
total nonaudit fees    6 22
total auditor’s remuneration    95 114
8 staff numbers and costs
including executive directors the average monthly number of fulltime equivalent staff employed by the group during the period was 
as follows
    201314 201213 
    number number
group and company
distribution    70 77
selling and marketing    821 827
administration    52 49
    943 953
the aggregate staff costs recognised in the income statement were as follows
    201314 201213 
    £’000 £’000
group and company
wages and salaries    20712 20658
social security costs    1872 2087
contributions to defined contribution plans    376 352
sharebased payments note 9    488 286
    23448 23383
directors’ emoluments are disclosed within the annual report on remuneration on pages 39 to 49 moss bros group plc annual report  accounts 201314 i 69 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
9 sharebased payments
the group operates a number of sharebased payments schemes the sharesave scheme and an equitysettled longterm incentive 
plan ltip
the group has applied the requirements of ifrs2 ‘sharebased payments’ the company has applied the requirements of frs20 
‘sharebased payments’ there are no significant differences between frs20 and ifrs2 as detailed below 
save as you earn share option scheme
a save as you earn scheme was approved and adopted in 201213 under the terms of the scheme the board may offer options to 
purchase ordinary shares in the company once in each financial year to those employees who enter into an hm revenue  customs 
hmrc approved save as you earn saye savings contract for the 2012 and 2013 plans the board limited the maximum amount 
saved to £150 per month this limit is to be increased to £500 per month for the 2014 plan in line with hmrc limits the price at 
which options were offered is the average closing price for three consecutive dealing days preceding the offer date the options may 
normally be exercised during the six month period after the completion of the saye contract three years after entering the scheme
    2013 2012 
    3year plan 3year plan
options outstanding at the beginning of the period     – 755502
granted    206009 –
forfeited    21767 141650
options outstanding at the end of the period    184242 613852
exercise price pence    5920  4390
the fair values of the options granted during the year have been calculated using the blackscholes model assuming the inputs 
shown below
    2013 2012 
    3year plan 3year plan
grant date    may 2013 july 2012
fair value at grant date pence per share    467 399
share price at grant date pence per share    5500 4400
exercise price pence per share    5920 4390
expected volatility expressed as weighted average volatility used in the modelling 
under the blackscholes model    217 187
option life years    30 30
expected dividend yield    30 30
riskfree interest rate    05 05
the resulting fair value is expensed over the service period of three years on the assumption that 15 of options will lapse over the 
service period as employees leave the group
longterm incentive plan
in 200910 a new equity settled longterm incentive plan ltip was approved by shareholders in accordance with this plan the 
shares are exercisable at nil cost subject to the satisfaction of performance conditions and the requirement for the continued 
employment during the vesting period the fair value is measured at grant date using the blackscholes pricing model and 
recognised over the vesting period based on the year ended 25 january 2014 the remaining 25 of these options will vest by 
26 january 2013 75 of these options had vested based on satisfying the performance conditions 
on 5 april 2012 a new equity settled longterm incentive plan ltip was approved by shareholders and 1526216 shares were 
awarded to directors and senior employees under the same april 2012 ltip 156882 shares were awarded to senior employees on 
8 may 2012 in accordance with this plan the shares are exercisable at nil cost subject to the satisfaction of performance conditions 
and the requirement for continued employment during the vesting period the fair value is measured at grant date and recognised 
over the vesting period these grants are accounted for in accordance with ifrs 2 
on 11 april 2013 a new equity settled longterm incentive plan ltip was approved by shareholders and 1341541 shares were 
awarded to directors and senior employees under the same april 2013 ltip 138190 shares were awarded to senior employees on 
26 september 2013 in accordance with this plan the shares are exercisable at nil cost subject to the satisfaction of performance 
conditions and the requirement for continued employment during the vesting period the fair value is measured at grant date and 
recognised over the vesting period these grants are accounted for in accordance with ifrs 2  70 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
9 sharebased payments continued
fair value of share sept 2013 april 2013 may 2012 april 2012 sept 2011 oct 2010 nov 2009 
options and assumption grant grant grant grant grant grant grant
options originally granted 
net of lapsed 138190 1341541 156882 1526216 328993 453207 5664572
unvested options at 
26 january 2013 – – 156882 1526216 136498 113302 1416144
granted 138190 1341541 – – – – –
lapsed – 115892 – 185303 38548 – 18822
vested  – – – – 97950 113302 1397322
unvested options at 
25 january 2014 138190 1225649 156882 1340913 – – –
       
options unexercised 
at 25 january 2014  138190 1225649 156882 1340913 97950 113302 1397322
       
fair value at grant date 
pence per share 6399 5940 4481 4355 3257 2076 2385
share price pence per share 6897 6500 4903 4765 385 2288 2545
exercise price pence per share – – – – – – –
expected volatility 
expressed as weighted 
average volatility used 
in the modeling under the 
black–scholes model 73 224 224 249 585 482 210
option life years 300 300 300 300 333 325 217
contractual life of shares years 3 3 3 3 4 5 6
expected dividend yield 30 30 30 30 30 30 30
riskfree interest rate 05 05 05 05 05 05 05
reconciliation of share awards
  based on the year ended 25 january 2014 in respect of 2009 scheme the remaining 25 of the original grant of these options will vest 26 january 2013 
75 of these options vested based on satisfying the performance conditions these options were unexercised at 25 january 2014
expected volatility was determined by calculating the historical volatility of the group’s share price over the period of four years the 
expected life used in the model has been based on management’s best estimate of the group meeting the performance conditions
vesting conditions – see the annual report on remuneration on pages 39 to 49 moss bros group plc annual report  accounts 201314 i 71 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
deferred bonus shares
during 201314 annual bonus payments deferred in shares for three years were awarded to directors and senior employees under the 
200910 moss bros group plc longterm incentive plan ltip in accordance with the terms of this plan the shares are exercisable 
at nil cost subject to continued employment during the vesting period and awarded based on annual performance a reclassification 
adjustment of £289000 was made for these awards from accruals to the share based payments reserve during the year these 
grants are now accounted for in accordance with ifrs 2
 april 2014 april 2013 april 2012 april 2011 april 2010
 award award award award award
unvested options at 26 january 2013 – 540620 544194 429417 73968
lapsed – 56533 66560 – –
vested  – – – – 73968
granted 213432 – – – –
unvested options at 25 january 2014 213432 484087 477634 429417 –
     
options unexercised at 25 january 2014 213432 484087 477634 429417 6459
     
fair value at measurement date pence per share 6593 3137 2246 1932 1478
share price pence per share 7250 345 2470 2125 1625
exercise price pence per share – – – – –
expected volatility expressed as weighted average 
volatility used in the modeling under the 
blackscholes model 160 348 401 204 235
option life years 300 300 300 300 300
expected dividend yield 30 30 30 30 30
riskfree interest rate 05 05 05 05 05
  april 2014 grant will be awarded in 201415 and is based on annual performance for the 201314 financial year an estimate of this award has been 
included in the 201314 ifrs 2 charge
  april 2013 grant was awarded in 201314 and was based on annual performance for the 201213 financial year 
 april 2012 grant was awarded in 201213 and was based on annual performance for the 201112 financial year
 april 2011 grant was awarded in 201112 and was based on annual performance for the 201011 financial year
 april 2010 grant was awarded in 201011 and was based on annual performance for the 200910 financial year
expected volatility was determined by calculating the historical volatility of the group’s share price over the period of four years the 
expected life used in the model has been based on management’s best estimate of the group meeting the performance conditions
vesting conditions – see the annual report on remuneration on pages 39 to 49 72 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
9 sharebased payments continued
sharebased payment charge
the amount recorded in the income statement in respect of sharebased payment transactions is ifrs 2 charge of £488000 and 
employer’s national insurance charge of £188000 201213 ifrs 2 charge of £286000 and employer’s national insurance charge 
£358000 and relates to the ltip deferred bonus shares and saye scheme
     deferred 
   saye ltip bonus 
   number number number
share awards outstanding at 26 january 2013   755502 3349042 1588199
granted in the period   206009 1479731 213432
exercised in the period   – – 67509
lapsed in the period   163417 358565 123093
share awards outstanding at the end of the period   798094 4470208 1611029
fully exercisable at the end of the period   – 1608574 66459
 april 14 grant will be awarded in 201415 and is based on annual performance for the 201314 financial year 
all shares apart from saye options are exercised at £nil cost option price for saye options stated on page 43
expected volatility was determined by calculating the historical volatility of the group’s share price over the period of four years the 
expected life used in the model has been based on management’s best estimate of the group meeting the performance conditions
vesting conditions – see the annual report on remuneration on pages 39 to 49 moss bros group plc annual report  accounts 201314 i 73 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
10 taxation
a taxation recognised in the income statement is as follows   201314 201213 
group – continuing operations    £’000 £’000
current tax charge
current period    1671 576
adjustment for prior periods    774 31
    2445 545
deferred tax credit  charge 
current period    802 67
adjustment for prior periods     502 271
effect of change in tax rate on opening deferred tax balances    297 157
    1601 181
total taxation charge in the income statement    844 726
  
b factors affecting the tax charge for the period    201314 201213 
group – continuing operations    £’000 £’000
profit on ordinary activities before tax    4424 3111
profit before tax multiplied by rate of corporation tax in the uk of 2316 201213 243  1025 756
items not deductible for tax purposes    53 73
depreciation on assets not qualifying for capital allowances    112 202
adjustment in respect of prior period    272 240
deferred tax credited on share based payments    660 342
deferred tax chargedcredited directly to equity    398 14
deferred tax benefit from previously unrecognised temporary differences   322 –
effect of change in tax rate    34 189
taxation charge for the period    844 726
c analysis of deferred tax liability    201314 201213 
group    £’000 £’000
the deferred tax liability comprises
deferred capital gains    1979 3102
deferred tax liability    1979 3102
company    £’000 £’000
the deferred tax liability comprises
deferred capital gains    1979 3102
deferred income     – 94
deferred tax liability    1979 3196 74 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
10 taxation continued
d analysis of deferred tax asset    201314 201213 
group    £’000 £’000
the deferred tax asset comprises
accelerated capital allowances    813 499
sharebased payments    770 230
other shortterm timing differences    115 93
deferred tax asset    1698 822
   
company    £’000 £’000
the deferred tax asset comprises
accelerated capital allowances    690 593
sharebased payments    243 230
other shortterm timing differences    238 93
deferred tax asset    1171 916
e movement in deferred tax asset and liability
group    £’000 £’000
liability at 26 january 2013    2280 1819
credit  charge to income due to continuing operations    1601 181
reclassification of charge from current tax liability    – 266
credit  charge to equity due to continuing operations    398 14
liability at 25 january 2014    281 2280
company    £’000 £’000
liability at 26 january 2013    2280 1962
credit  charge to income due to continuing operations    1472 52
reclassification from current tax liability    – 266
liability at 25 january 2014    808 2280
at 25 january 2014 the deferred tax asset in respect of capital allowances sharebased payments and other short term temporary 
differences was recognised on the basis that the company is profitable in 201415 and forecasts to be profitable in future years 
at the balance sheet date the finance act 2013 had been substantively enacted confirming that the main uk corporation tax rate 
will reduce to 21 with effect from 1 april 2014 and 20 from 1 april 2015 therefore at 25 january 2014 deferred tax assets and 
liabilities have been calculated based on a rate of 20 where the temporary difference is expected to reverse after 1 april 2015 these 
reductions may also reduce the group’s future current tax charges accordingly  moss bros group plc annual report  accounts 201314 i 75 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
11 earnings per share
basic earnings per ordinary share is based on the weighted average of 95135614 201213 94657166 ordinary shares in issue 
during the period after deducting for shares held by the employee benefit trust and are calculated by reference to the profit 
attributable to shareholders of £3580000 201213 profit of £2385000 
underlying earnings per ordinary share is based on the weighted average of 95135614 201213 94657166 ordinary shares in 
issue during the period after deducting for shares held by the employee benefit trust and are calculated by reference to the profit 
attributable to shareholders of £3580000 201213 profit of £2204000
diluted earnings per ordinary share is based upon the weighted average of 101294098 201213 98685928 ordinary shares after 
deducting for shares held by the employee benefit trust which include the effects of shares under saye ltip and deferred bonus 
shares of 6318052 that were antidilutive for the period presented and could dilute earnings per share in the future and are 
calculated by reference to the profit attributable to shareholders as stated above
basic earnings per share     restated 
    201314 201213 
    pence pence
continuing operations    376 252
exceptionals net of tax    – 019
underlying basic earnings per share    376 233
diluted earningsloss per share    201314 201213 
    pence pence
continuing operations    353 242
exceptionals net of tax    – 019
underlying diluted earnings per share    353 223
 underlying represents results before exceptional items as defined in note 1 to the financial statements
   restated to deduct shares held by the employee benefit trust from the total number of shares in issue for the purposes of calculating basic earnings 
per share and diluted earnings per share the figure for 201213 underlying basic earnings per share prior to restatement was 224 pence and 
underlying diluted earnings per share was 215 pence
12 dividend
    201314 201213 
    £’000 £’000
amounts recognised as distributions to equity holders in the period
final dividend for the year ended 26 january 2013 07 pence per share 
28 january 2012 04 pence per share    667 381
interim dividend for the year ended 25 january 2014 of 03 pence per share 
26 january 2013 02 pence per share    286 190
    953 571
given the excellent progress made in 201314 and the prospects for further growth the board feels it is appropriate to propose the 
payment of a final dividend 
a dividend of 47 pence per share is proposed to be paid on 26 june 2014 to all shareholders on the register as at 6 june 2014 
ex dividend date 4 june 2014 and in line with the board’s policy will be monitored to ensure we achieve robust dividend cover over 
time 76 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
13 intangible noncurrent assets
     it software 
group     £’000
cost or valuation
at 28 january 2012     3850
additions     752
at 26 january 2013     4602
amortisation
at 28 january 2012     2792
charge for the period     579
at 26 january 2013     3371
net book value
at 28 january 2012     1231
at 26 january 2013     1058
cost or valuation
at 26 january 2013     4602
additions     1317
at 25 january 2014     5919
amortisation
at 26 january 2013     3371
charge for the period     670
at 25 january 2014     4041
net book value
at 25 january 2014     1878
at 26 january 2013     1231
amortisation charges are recorded within shops’ selling and marketing costs
the group has capitalised £205000 of it personnel costs during the year 201213 £147000 which are included within intangible 
noncurrent asset additions these costs relate specifically to it time incurred on developing the group’s it infrastructure at 
25 january 2014 the total cost of it personnel costs included within intangible noncurrent assets was £755000 201213 £551000 
with associated net book value of £397000 201213 £300000 moss bros group plc annual report  accounts 201314 i 77 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
14 property plant and equipment
a   property 
 fixtures  plant and 
 vehicles and hire equipment leasehold 
 equipment inventory total improvements total 
group £’000 £’000 £’000 £’000 £’000
cost or valuation
at 28 january 2012 53081 10865 63946 3489 67435
additions 2208 1383 3591 152 3743
disposals 725 1994 2719 – 2719
at 26 january 2013 54564 10254 64818 3641 68459
depreciation
at 28 january 2012 42893 9100 51993 2566 54559
charged in period 2890 861 3751 192 3943
disposals 719 1695 2414 – 2414
at 26 january 2013 45064 8266 53330 2758 56088
net book value
at 26 january 2013 9500 1988 11488 883 12371
at 28 january 2012 10188 1765 11953 923 12876
      
group      
cost or valuation
at 26 january 2013 54564 10254 64818 3641 68459
additions 3054 1618 4672 130 4802
disposals 1525 1707 3232 86 3318
at 25 january 2014 56093 10165 66258 3685 69943
depreciation
at 26 january 2013 45064 8266 53330 2758 56088
charged in period 3156 836 3992 192 4184
disposals 1511 1592 3103 86 3189
at 25 january 2014 46709 7510 54219 2864 57083
net book value
at 25 january 2014 9384 2655 12039  821 12860
at 26 january 2013 9500 1988 11488 883 12371 78 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
14 property plant and equipment continued
   property 
 fixtures  plant and intangible 
 vehicles and hire equipment noncurrent leasehold 
 equipment inventory total assets improvements total 
company £’000 £’000 £’000 £’000 £’000
cost or valuation
at 28 january 2012 54108 10865 64973 3850 3489 72312
additions 3225 1383 4608 752 152 5512
disposals 725 1994 2719 – – 2719
at 26 january 2013 56608 10254 66862 4602 3641 75105
depreciation
at 28 january 2012 43407 9100 52507 2792 2566 57865
charged in period 3603 861 4464 579 192 5235
disposals 719 1695 2414 – – 2414
at 26 january 2013 46291 8266 54557 3371 2758 60686
net book value
at 26 january 2013 10317 1988 12305 1231 883 14419
at 28 january 2012 10701 1765 12466 1058 923 14447
company
cost or valuation
at 26 january 2013 56608 10254 66862 4602 3641 75105
additions 3054 1618 4672 1317 130 6119
disposals 1525 1707 3232 – 86 3318
at 25 january 2014 58137 10165 68302 5919 3685 77906
depreciation
at 26 january 2013 46291 8266 54557 3371 2758 60686
charged in period 3359 836 4195 670 192 5057
disposals 1511 1592 3103 – 86 3189
at 25 january 2014 48139 7510 55649 4041 2864 62554
net book value
at 25 january 2014 9998 2655 12653 1878 821 15352
at 26 january 2013 10317 1988 12305 1231 883 14419
leasehold improvements relate to leasehold buildings as the element of land contained in these leases is minimal
included within leasehold improvements at 25 january 2014 are £124000 of location premiums 26 january 2013 £129000 location 
premiums relate to premiums paid to enter a property which is in a desirable location
b commitments
capital commitments for which no provision has been made in the financial statements were as follows
    201314 201213 
group and company    £’000 £’000
contracted    827 952
  moss bros group plc annual report  accounts 201314 i 79 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
c operating leases 
total commitments under noncancellable operating leases are as follows
 201314 201213
  land and  land and 
  buildings other buildings other 
group  £’000 £’000 £’000 £’000
payments falling due
– within one year  13722 9 15224 14
– in the second to fifth year  39280 5 44035 13
– over five years  26140 – 25950 –
  79142 14 85209 27
company
expiry date 
– within one year  472 9 1488 6
– in the second to fifth year  5309 5 5337 9
– over five years  8148 – 8400 –
  13929 14 15225 15
the majority of these leases are subject to rent review and a small number have contingent rentals payable based on revenue 
exceeding a minimum amount in the relevant store
total commitments receivable from sublets under noncancellable operating leases are as follows
    201314 201213 
    land and land and 
    buildings buildings 
group    £’000 £’000
income falling due    
– within one year    312 346
– in the second to fifth year    1070 1108
– over five years    472 695
    1854 2149
company   
expiry date    
– within one year    15 25
– in the second to fifth year    77 102
– over five years    220 220
    312 347 80 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
15 fixed asset investments
    201314 201213 
company    £’000 £’000
subsidiary undertakings cost at the beginning of the period    15351 15351
provision at the beginning of the period    5849 5849
carrying value at the end of the period    9502 9502
the trade and assets of the company’s one principal trading subsidiary moss bros ireland limited which was registered in ireland 
and whose issued share capital was wholly owned by the company was transferred to moss bros group plc on 23 november 2013 
by way of a hive up of the business assets the irish business continues as a registered branch of moss bros group plc registered in 
ireland
the following shows the completion statement at 23 november 2013
     eur 
company     ££’000
consideration paid by moss bros group plc     –
assets transferred from moss bros ireland ltd to moss bros group plc on 23 november 2013   eur
     ££’000
cash     283
other debtors     28
prepayments     46
trade creditors     5
accruals     352
book value of assets transferred     –
final dividend paid to moss bros group plc from moss bros ireland ltd    67
a full list of the group’s dormant subsidiaries will be submitted with the group’s annual return
16 inventories
    201314 201213 
group and company    £’000 £’000
retail inventory    13887 14350
retail inventory provisions    430 525
    13457 13825
17 trade and other receivables
    201314 201213 
group    £’000 £’000
trade receivables    164 157
other receivables    355 467
prepayments and accrued income    3919 4042
    4438 4666
company
trade debtors    164 157
amounts owed by group undertakings    2151 2413
other receivables    355 442
prepayments and accrued income    3919 3982
    6589 6994
the directors consider that the carrying value of trade and other receivables approximates to their fair value moss bros group plc annual report  accounts 201314 i 81 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
18 share capital
    201314 201213 
group and company    £’000 £’000
authorised
120000000 ordinary shares of 5 pence each 201213 120000000    6000 6000
allotted called up and fully paid
99311580 ordinary shares of 5 pence each 201213 99311580    4965 4965
19 reserves
   share employee 
 share share based benefit hedging retained 
 capital premium payments  trust reserve earnings total 
group £’000 £’000 £’000 £’000 £’000 £’000 £’000
at 28 january 2012 4727 8673 1459 704 – 20175 34330 
profit after taxation – – – – –  2385  2385
cash flow hedging movement – – – – 28 – 28 
dividends paid – – – – – 571 571
issue of share capital 238 – – 238 – – – 
subscription to employee 
benefit trust shares  – – – 1121 – – 1121
sale of shares by employee 
benefit trust – – – 238 – 238 –
reclassification of share 
based payments for exercise 
of share awards – – 1164 – – 1164 – 
credit to equity for equity 
settled sharebased payments – – 286 – – – 286 
movement in deferred tax 
on sharebased payments – – 14 – – – 14
at 26 january 2013 4965 8673 567 1825 28 22915 35323 
profit after taxation – – – – – 3580 3580 
cash flow hedging movement – – – – 172 – 172
dividends paid – – – – – 953 953
reclassification from accruals 
for equity settled sharebased 
payments – – 289 – – 47 336 
sale of shares by employee 
benefit trust  – – – 46 – 46 – 
credit to equity for 
equity settled 
sharebased payments – – 487 – – – 487 
movement in deferred 
tax on sharebased 
payments – – 398 – – – 398 
at 25 january 2014 4965 8673 1741 1779 144 25543 38999 82 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
19 reserves continued
   share employee 
 share share based benefit hedging retained acquisition 
 capital premium payments  trust reserve earnings reserve total 
company £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
at 26 january 2013 4965 8673 581 1825 28 18927 4370 35719 
profit after taxation – – – – – 3546 – 3546
movement in deferred 
tax on sharebased 
payments – – 142 – – 142 – –
cash flow hedging 
movement – – – – 172 – – 172
dividends paid – – – – – 953 – 953
reclassification from 
accruals for equity 
settled sharebased 
payments – – 289 – – 47 – 336
sale of shares by 
employee benefit trust – – – 46 – 46 – –
credit to equity for 
equity settled 
sharebased 
payments – – 487 – – – – 487
at 25 january 2014 4965 8673 1215 1779 144 21663 4370 38963
the group has an employee benefit trust which holds 4061177 shares 201213 4128686 in the company for the benefit of the 
group’s employees none of its shares has been allocated to a specific scheme at 25 january 2014 the shares had a carrying value of 
£1779000 and a market value of £3777000 201213 carrying value of £1825000 and market value of £2931000 
 see note 9
reconciliation of movements in shareholders’ funds
    201314 201213 
company    £’000 £’000
opening shareholders’ funds    35719 34341
profit for the period    3546 2756
dividends paid    953 571
hedging reserve     172 28
credit to equity for equity settled sharebased payments    823 286
subscription to the employee benefit trust shares    – 1121
net movement in equity during the period    3244 1378
closing shareholders’ funds    38963 35719 moss bros group plc annual report  accounts 201314 i 83 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
20 trade and other payables due within one year
    201314 201213 
group    £’000 £’000
trade payables    2879 3907
other payables including taxation and social security    4765 4130
accruals and deferred income    6728 6712
    14372 14749
other payables including taxation and social security comprise
other taxes    2062 1641
social security    470 459
    2532 2100
other payables    2233 2030
    4765 4130
company
amounts falling due within one year
trade creditors    2879 3905
amounts owed to group undertakings    12182 12182
other creditors including taxation and social security    4765 4230
accruals and deferred income    6908 6597
    26734 26914
other creditors including taxation and social security comprise
other taxes    2062 1606
social security    470 453
    2532 2059
other creditors    2233 2171
    4765 4230
the fair value of creditors is not materially different to the values disclosed above
the group’s exposure to currency and liquidity risk related to trade and other payables is disclosed in note 24 the fair value of the 
trade and other payables is not materially different to the values disclosed above
21 other payables due after one year
    201314 201213 
group    £’000 £’000
accruals and deferred income    1710 1741
 
company     
amounts falling due after one year
accruals and deferred income    1124 1230 84 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued
22 provisions
    onerous 
    property 
   dilapidations lease  
   provision provisions total 
group and company   £’000 £’000 £’000
at 26 january 2013   216 3183 3399
additional provision during the period    322 – 322
released during the period    – 267 267
utilisation during the period    19 340 359
at 25 january 2014   519 2576 3095
   onerous 
   property 
  dilapidations lease  
  provision provisions total 201213 
  £’000 £’000 £’000 £’000
current balance sheet  519 437 956 780
noncurrent balance sheet  – 2139 2139 2619
  519 2576 3095 3399
 note this was presented in accruals and deferred income in 201213
  the additional provision of £322000 on dilapidations during the period reflects the group’s estimate of obligations arising under operating leases
  the release of £267000 on onerous property lease provisions represents the release on stores which closed during the period or stores which 
were renewed on terms which meant the lease was no longer considered onerous £210000 of lease reassignment costs were debited against the 
provision the net release to the income statement on stores which closed during the year was £57000
 the utilisation of £19000 of dilapidations provision and £340000 of onerous property lease provision was the release on continuing stores 
the provision at 25 january 2014 of £2576000 26 january 2013 £3183000 on onerous leases is the estimated future cost of the 
group’s onerous property lease contracts the net release to the income statement on stores which closed during the year and on 
continuing stores was £397000 201213 charge of £932000 this has been discounted to reflect the time value of money the effect 
of the unwinding of the discount rate on the release for the year was a credit of £220000 201213 credit of £298000
23 pensions
the group currently operates a defined contribution scheme as at 25 january 2014 there were £49000 outstanding contributions 
relating to the defined contribution scheme 26 january 2013 £34000
24 analysis of financial assets and liabilities
a management of financial assets and liabilities
the company’s financial instruments comprise cash and various items such as derivative forward foreign currency transactions 
trade receivables and payables that arise directly from its operations 
the main purpose of these financial instruments is to manage the company’s liquidity
the main risks arising from the company’s financial instruments are credit risk liquidity risk foreign currency risk and interest rate 
risk the board reviews and agrees policies for managing each of these risks
credit risk
management has a credit policy in place and the exposure to credit risk is maintained on an ongoing basis at the balance sheet date 
there were no significant concentrations of credit risk
the carrying amount of each financial asset represents the maximum credit exposure
liquidity risk
cash balances are managed and monitored on a daily basis and the peaks and troughs in the cash cycle are well known through 
experience the company continues to operate the business from a debt free position and current trading levels generate a healthy 
cash flow moss bros group plc annual report  accounts 201314 i 85 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
foreign currency risk
the company’s policy is to mitigate all currency exposures on purchases either by buying the amount of currency required at the 
time the obligation is known and holding it in a designated bank account until it is needed or by taking out forward foreign currency 
contracts details of forward foreign currency contracts outstanding as at 25 january 2014 are detailed in note e below
interest rate risk
interest rate risk arises from investment of cash balances on short term deposits the company is not exposed to any other interest 
rate risk
b financial assets
i trade receivables
 carrying value
    201314 201213 
group and company    £’000 £’000
trade receivables    169 226
allowance for doubtful debts    5 69
    164 157
the company recognised an allowance for doubtful debts where the trade receivable was considered irrecoverable on the basis of 
ageing and historical experience in the current period £5000 was provided for 201213 £69000 if the company believes that a 
specific balance is irrecoverable it will be written off the company does not require collateral in respect of these financial assets
ii cash and cash equivalents
 floating rate financial assets
    201314 201213 
group    £’000 £’000
currency
sterling    27214 24534
other    1107 1189
total    28321 25723
 
company
currency
sterling    27214 24534
other    1107 589
total    28321 25123
cash and cash equivalents generate interest income on short term deposits the company has no fixed rate financial instruments 
based on the average cash balance the effective interest rate on financial assets is 060 201213 059
c financial liabilities 
there were no financial liabilities after excluding derivative financial instruments as detailed below and current trade payables as at 
25 january 2014 201213 £nil
d fair values of financial assets and liabilities
as at 25 january 2014 and 26 january 2013 there was no material difference between the fair values and book values of the 
company’s financial assets or liabilities 86 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notes to the financial statements
continued 
24 analysis of financial assets and liabilities continued
e derivative financial instruments
    current current 
    201314 201213 
group and company    £’000 £’000
financial assets designated as cash flow hedges
 forward foreign currency contracts    – 8
    – 8
group and company
financial liabilities carried at fair value through profit and loss fvtpl
 forward foreign currency contracts    162 –
    162 –
in the current year the group entered into several forward foreign currency contracts to protect the cost to the group of 201314 
inventory purchases and hedge against the risk of exchange rate fluctuations during 201314 the group had entered into £3501000 
201213 £3630000 us dollar forward contracts which were outstanding at 25 january 2014 in the current year these have been 
designated as cash flow hedges the associated fair value gains and losses will be transferred to inventories when the purchases 
occur during the next 12 months at which time the amount deferred in equity will be reclassified to profit and loss at 25 january 
2014 £144000 has been deferred in equity 201213 £28000 the ineffective portion of cash flow hedges recognised in “other gains 
and losses” within profit or loss is £2000 201213 £2000
capital risk management
the group manages its capital to ensure that the group will be able to continue as a going concern while maximising the return to 
stakeholders through the optimism of the debt and equity balance the group’s overall strategy remains unchanged from 201112
the capital structure of the group consists of cash and cash equivalents and equity attributable to equity holders of the parent 
comprising issued capital reserves and retained earnings as a disclosed in note 19
the group is not subject to any externally imposed capital requirements 
the group’s risk management committee reviews the capital structure on a semiannual basis as part of this review the committee 
considers the cost of capital and risks associated with each class of capital
significant accounting policies
details of the significant accounting policies and methods adopted including criteria for recognition the basis of measurement 
and the bases for recognition of income and expenses for each class of financial asset financial liability and equity instrument are 
disclosed in note 1
categories of financial instruments
the net fair value of derivatives by hedge designation at the balance sheet date is
    201314 201213 
group and company    £’000 £’000
financial assets
 cash flow hedges    – 8
    – 8
group and company
financial liabilities
 cash flow hedges    162 –
    162 – moss bros group plc annual report  accounts 201314 i 87 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
    201314 201213 
group and company    £’000 £’000
effect of 10 appreciation in foreign exchange rates on derivative cash flow hedges
sterling against us dollar   
 deferred in equity – hedge reserve    309 2
 profit or loss ineffectiveness    25 –
the impact of changes in foreign exchange rates on cash flow hedges results from retranslation of forward purchases of us dollars 
used to hedge 201314 inventory purchases a negative number indicates a decrease in amounts deferred in equity where sterling 
strengthens 10 against the us dollar the associated fair value gains and losses are deferred in equity until the purchases occur 
the sensitivity analysis excludes the impact of movements in market variables on the carrying amount of trade and other payables 
and receivables due to the low associated sensitivity and are reported before the effect of tax it has been prepared on the basis that 
the group’s hedging activities hedge accounting designations and derivate contracts remain constant reflecting the position at 
25 january 2014 consequently the analysis relates to the position at that date and is not necessarily representative of 201314 then 
ended in preparing the sensitivity analysis it is assumed that all hedges are fully effective
the effect shown above would be reversed in the event of an equal and opposite change in foreign exchange rate
all derivatives are categories as level 2 under the requirements of ifrs 7 and they are valued using techniques based significantly on 
observed market data
25 related party transactions
the group had no material related party transactions which might reasonably be expected to influence decisions made by users of 
these financial statements directors’ remuneration is disclosed in the annual report on remuneration on pages 39 to 49 other 
related parties are key management employees below director level who have authority and responsibility for planning directing and 
controlling the company and major shareholders the key management personnel compensation is as follows
    201314 201213 
    £’000 £’000
shortterm employee benefits    1323 1138
termination payments    160 –
contributions to defined contribution plans    62 51
proceeds from sharebased payments    11 290
    1556 1479
total remuneration is included in administrative expenses and relates to14 employees in the period ended 25 january 2014 
201213 10
trading transactions
the group entered into the following transactions with related parties who are not members of the group 
berkeley burke trustee company limited is considered a related party of the group because brian brick chief executive officer of 
moss bros group plc is a beneficiary of the pension fund on 8 december 2011 moss bros group plc agreed a long term lease with 
berkeley burke trustee company limited a pension fund and the superior landlord for a store in hounslow on an arm’s length 
basis 88 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notice of annual general meeting
this document is important and requires your immediate attention if you are in any doubt as to what action to take 
you should consult your stockbroker solicitor accountant or other appropriate independent professional adviser authorised 
under the financial services and markets act 2000 if you have sold or otherwise transferred all your shares in moss bros group 
plc please forward this document and the accompanying form of proxy to the person through whom the sale or transfer was 
effected for transmission to the purchaser or transferee
a form of proxy for the annual general meeting is enclosed whether or not you intend to be present at the meeting please complete 
the form of proxy and return it in accordance with the instructions printed on it so as to reach moss bros group plc’s registrar 
capita asset services by no later than 12 noon on 21 may 2014 or in the event of any adjournment at 12 noon on the date which is 
two days before the day of the adjourned meeting alternatively you can register your proxy vote electronically either by means of a 
website provided by the moss bros group plc’s registrar or if you are a crest member by using the service provided by euroclear 
further details are given in the notes to this notice completion and return of the form of proxy will not prevent you from attending 
and voting at the meeting in person should you so wish
notice is hereby given that the annual general meeting of moss bros group plc the “company” will be held at 8 st john’s hill 
london sw11 1sa on 23 may 2014 at 12 noon for the transaction of the following business
to consider and if thought fit to pass the following resolutions it is intended to propose resolutions 14 to 16 inclusive as special 
resolutions all other resolutions will be proposed as ordinary resolutions voting on all resolutions will be by way of poll
ordinary resolutions
1 to receive the annual directors’ and auditors’ reports and the accounts for the financial year ended 25 january 2014
2  to approve the directors’ remuneration report excluding the directors’ remuneration policy for the financial year ended 
25 january 2014 as set out on pages 39 to 49 of the company’s annual report and accounts 20132014
3  to approve the directors’ remuneration policy which is contained in the directors’ remuneration report for the financial year 
ended 25 january 2014 as set out on pages 32 to 38 of the company’s annual report and accounts 20132014
4 to reelect brian brick as a director of the company
5 to reelect bryan portman as a director of the company
6 to reelect zoe morgan as a director of the company
7 to reelect maurice helfgott as a director of the company
8 to reelect debbie hewitt as a director of the company
9 to reelect robin piggott as a director of the company
10 to reelect deloitte llp as the auditor of the company until the conclusion of the company’s next annual general meeting
11 to authorise the directors to set the remuneration of the auditor as they shall in their discretion see fit
12  to declare a final dividend for the financial year ended 25 january 2014 of 47 pence per ordinary share payable on 26 june 2014 
to ordinary shareholders on the register at the close of business on 6 june 2014
13  that the directors be generally and unconditionally authorised for the purposes of section 551 of the companies act 2006 the 
“act” to exercise all the powers of the company to allot shares as defined in section 540 of the act and grant rights to subscribe 
for or convert any security into shares up to an aggregate nominal amount within the meaning of section 5513 and 6 of the 
act of £1655193 representing 33103860 shares this authorisation to expire at the conclusion of the next annual general 
meeting of the company or if earlier on 24 may 2015 save that the company may before such expiry make any offer or 
agreement which would or might require shares to be allotted or rights to be granted after such expiry and the directors may 
allot shares or grant rights to subscribe for or to convert any security into shares in pursuance of any such offer or agreement 
as if the authorisations conferred hereby had not expired moss bros group plc annual report  accounts 201314 i 89 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
special resolutions
14  that subject to the passing of resolution 13 set out in the notice of the 2014 annual general meeting of the company the 
directors be generally empowered pursuant to section 570 of the companies act 2006 the “act” to allot equity securities as 
defined in section 560 of the act of the company for cash pursuant to the authority conferred by that resolution as if section 561 
of the act did not apply to any such allotment provided that this power shall be limited to
 a  the allotment of equity securities for cash in connection with or pursuant to an offer of or invitation to acquire equity 
securities in favour of the holders of ordinary shares of the company in proportion as nearly as practicable to the respective 
number of ordinary shares held by them on the record date for such allotment subject only to such exclusions or other 
arrangements as the directors may consider necessary or appropriate to deal with fractional entitlements record dates or 
legal regulatory or practical difficulties which may arise under the laws of or the requirements of any regulatory body or 
stock exchange in any territory or any other matter whatsoever and
 b  the allotment otherwise than pursuant to subparagraph a of this resolution of equity securities up to an aggregate 
nominal amount of £24827895
  and the power hereby granted shall expire at the conclusion of the next annual general meeting of the company or if earlier 
on 24 may 2015 save that the company may before such expiry make an offer or agreement which would or might require equity 
securities to be allotted after such expiry in which case the directors may allot equity securities in pursuance of such offer or 
agreement as if the power conferred hereby had not expired
15  that the company be generally and unconditionally authorised for the purposes of section 701 of the companies act 2006 the 
“act” to make one or more market purchases within the meaning of section 6934 of the act of any of its ordinary shares of 5p 
each in the capital of the company on such terms and in such manner as the directors may from time to time determine provided 
that
 a  the maximum aggregate number of ordinary shares which may be purchased is 9931158 ordinary shares of 5p each 
representing approximately 10 per cent of the issued ordinary share capital of the company at 25 january 2014
 b the minimum price that may be paid for each ordinary share shall be 5p which is an amount exclusive of expenses if any
 c the maximum price exclusive of expenses which may be paid for each ordinary share is the higher of
  i  105 per cent of the average of the middle market quotations for the ordinary shares of the company as derived from the 
daily official list of the london stock exchange plc for the five business days immediately preceding the day on which 
such is contracted to be purchased and
  ii  the higher of the price of the last independent trade and the highest current independent bid on the trading venues 
where the purchase is carried out as stipulated by article 51 of the eu buyback and stabilisation regulation 2003 no 
22732003
 d  unless previously renewed revoked or varied the authority conferred by this resolution shall expire on 18 months from the 
passing of the resolution or if earlier at the conclusion of the company’s next annual general meeting in 2015 and
 e  the company may before the expiry of the authority granted by this resolution enter into a contract to purchase ordinary 
shares which would or might be executed wholly or partly after the expiry of this authority and may make purchases of 
ordinary shares pursuant to it as if this authority had not expired
16  that a general meeting of the company other than an annual general meeting may be called on not less than 14 clear days’ 
notice
 
by order of the board
robin piggott registered office
company secretary 8 st john’s hill
2 april 2014 london
 sw11 1sa
 registered in england and wales no 00134995 90 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notice of annual general meeting
continued
notes
1  copies of the executive directors’ service contracts with the company and copies of the nonexecutive directors’ letters of 
appointment with the company will be available for inspection at the registered office of the company during normal business 
hours on any weekday saturdays sundays and public bank holidays excepted from the date of this notice until the close of the 
company’s 2014 annual general meeting on 23 may 2014 and will also be available for inspection at the place of the meeting for 
at least 15 minutes prior to and throughout the meeting a copy of this notice and other information required by section 311a of 
the companies act 2006 the “act” can be found at wwwmossbroscoukinvestorsannualreportshtm
2  pursuant to regulation 41 of the uncertificated securities regulations 2001 and section 360b2 of the act the company 
specifies that in order to have the right to attend and vote at the annual general meeting and also for the purpose of determining 
how many votes a person entitled to attend and vote may cast a person must be entered on the register of members of the 
company at 12 noon on 21 may 2014 or in the event of any adjournment at 12 noon on the date which is two days before the day 
of the adjourned meeting changes to entries on the register of members after this time shall be disregarded in determining the 
rights of any person to attend or vote at the meeting
3  a member of the company entitled to attend speak and vote at the annual general meeting may appoint a proxy to attend speak 
and vote in their place a member may appoint more than one proxy in relation to the annual general meeting provided that 
each proxy is appointed to exercise the rights attached to a different share or shares held by that member a proxy need not be a 
member of the company
4  a form of proxy for the 2014 annual general meeting is enclosed to be valid the completed and signed form of proxy together 
with the power of attorney or authority if any under which it is signed or a duly certified copy of any such power or authority 
or other instrument appointing a proxy must be received by post or by hand during normal business hours with the company’s 
registrars capita asset services at pxs 1 34 beckenham road beckenham br3 4zf as soon as possible but not less than 
48 hours before the time of the meeting if you are a crest member see note 5 below alternatively a member may appoint a 
proxy electronically or may wish to vote electronically online at wwwcapitashareportalcom please see the form of proxy for 
further details
  return of a completed form of proxy or other instrument appointing a proxy or any crest proxy instruction will not preclude a 
member from attending and voting personally at the meeting if heshe wishes to do so
5  alternatively if you are a member of crest you may register the appointment of a proxy by using the crest electronic proxy 
appointment service further details are contained below
  crest members who wish to appoint a proxy or proxies through the crest electronic proxy appointment service may do so 
for the annual general meeting and any adjournments thereof by using the procedures and to the address described in the 
crest manual available via wwweuroclearcomcrest subject to the provisions of the company’s articles of association 
crest personal members or other crest sponsored members and those crest members who have appointed a voting service 
providers should refer to their crest sponsor or voting service providers who will be able to take the appropriate action on 
their behalf
  in order for a proxy appointment or instruction made using the crest service to be valid the appropriate crest message a 
“crest proxy instruction” must be properly authenticated in accordance with euroclear uk and ireland limited’s “euroclear” 
specifications and must contain the information required for such instructions as described in the crest manual the message 
regardless of whether it constitutes the appointment of a proxy or an amendment to the instruction given to a previously 
appointed proxy must in order to be valid be transmitted so as to be received by the issuer’s agent id ra10 by the latest times 
for receipt of proxy appointments specified in the notice of the annual general meeting being 12 noon on 21 may 2014 for this 
purpose the time of receipt will be taken to be the time as determined by the time stamp applied to the message by the crest 
applications host from which the issuer’s agent is able to retrieve the message by enquiry to crest in the manner prescribed by 
crest after this time any change of instructions to proxies appointed through crest should be communicated to the appointee 
through other means
  crest members and where applicable their crest sponsors or voting service providers should note that euroclear does not 
make available special procedures in crest for any particular messages normal system timings and limitations will therefore 
apply in relation to the input of crest proxy instructions it is the responsibility of the crest member concerned to take or if 
the crest member is a crest personal member or sponsored member or has appointed a voting service providers to procure 
that his crest sponsor or voting service providers takes such action as shall be necessary to ensure that a message is 
transmitted by means of the crest system by any particular time in this connection crest members and where applicable 
their crest sponsors or voting service providers are referred in particular to those sections of the crest manual concerning 
practical limitations of the crest system and timings moss bros group plc annual report  accounts 201314 i 91 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
  the company may treat as invalid a crest proxy instruction in the circumstances set out in regulation 355a of the 
uncertificated securities regulations 2001
6  any person to whom this notice is sent who is a person currently nominated by a member of the company to enjoy information 
rights under section 146 of the act a “nominated person” may have a right under an agreement between himher and such 
member by whom heshe was nominated to be appointed or to have someone else appointed as a proxy for the annual general 
meeting if a nominated person has no such proxy appointment right or does not wish to exercise it heshe may have a right 
under such an agreement to give instructions to the member concerned as to the exercise of voting rights the statement of the 
above rights of the members in relation to the appointment of proxies does not apply to a nominated person such rights can only 
be exercised by a member of the company
7  any corporation which is a member can appoint one or more corporate representatives who may exercise on its behalf all of its 
powers as a member provided that they do not do so in relation to the same shares
8  any member attending the annual general meeting has the right to ask questions the company must cause to be answered 
any such question relating to the business being dealt with at the meeting but no such answer need be given if a to do so would 
interfere unduly with the preparation for the meeting or involve the disclosure of confidential information b the answer has 
already been given on a website in the form of an answer to a question or c it is undesirable in the interests of the company or 
the good order of the meeting that the question be answered
9  under section 527 of the act members meeting the threshold requirements set out in that section have the right to require the 
company to publish on a website a statement setting out any matter relating to i the audit of the company’s accounts including 
the auditor’s report and the conduct of the audit that are to be laid before the annual general meeting or ii any circumstance 
connected with an auditor of the company ceasing to hold office since the previous meeting at which annual accounts and reports 
were laid in accordance with section 437 of the act in each case that the members propose to raise at the annual general 
meeting the company may not require the members requesting any such website publication to pay its expenses in complying 
with sections 527 or 528 of the act where the company is required to place a statement on a website under section 527 of the 
act it must forward the statement to the company’s auditor not later than the time when it makes the statement available on the 
website the business which may be dealt with at the meeting includes any statement that the company has been required under 
section 527 of the act to publish on a website
10  as at 1 april 2014 being the last practicable date prior to the date of this document the company’s issued share capital consists 
of 99311580 ordinary shares carrying one vote each therefore the total voting rights in the company as at that date are 
99311580
11  you may not use any electronic address within the meaning of section 3334 of the act provided in this notice or in any related 
documents including the proxy form to communicate with the company for any purposes other than those expressly stated
12  under section 338 and section 338a of the act members meeting the threshold requirements in those sections have the right 
to require the company i to give to members of the company entitled to receive notice of the annual general meeting notice 
of a resolution which may properly be moved and is intended to be moved at the meeting andor ii to include in the business 
to be dealt with at the meeting any matter other than a proposed resolution which may be properly included in the business 
a resolution may properly be moved or a matter may properly be included in the business unless a in the case of a resolution 
only it would if passed be ineffective whether by reason of inconsistency with any enactment or the company’s constitution 
or otherwise b it is defamatory of any person or c it is frivolous or vexatious such a request may be in hard copy form or in 
electronic form must identify the resolution of which notice is to be given or the matter to be included in the business must be 
authorised by the person or persons making it must be received by the company not later than the date 6 clear weeks before the 
meeting and in the case of a matter to be included in the business only must be accompanied by a statement setting out the 
grounds for the request
13  voting on all resolutions at the annual general meeting will be by way of a poll this means that you will be asked to complete 
a poll card if you attend in person the company believes that this is the best way of representing the views of as many 
shareholders as possible in the voting process 92 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
notice of annual general meeting
continued
explanatory notes
1  resolution 2 this resolution is to approve the directors’ remuneration report other than the part containing the directors’ 
remuneration policy for the financial year ended on 25 january 2014 you can find the report on pages 39 to 49 of the company’s 
annual report and accounts 20132014 which is available on the company’s website wwwmossbroscoukinvestorsannual
reportshtm as this vote is an advisory vote no entitlement of a director to remuneration is conditional on it this resolution 
should be put annually as required by the companies act 2006
2  resolution 3 this resolution is to approve the directors’ remuneration policy contained in the directors’ remuneration report 
you can find the policy on pages 32 to 38 of the company’s annual report and accounts 20132014 this vote is a binding vote 
and subject to limited exceptions no remuneration payment or loss of office payment may be made to a prospective current or 
former director unless consistent with the approved remuneration policy or otherwise specifically approved by shareholders of 
the company if approved by shareholders the directors’ remuneration policy will take effect immediately after the end of the 
annual general meeting this resolution should be put at least every three years as required by the companies act 2006 
3  resolutions 4 to 9 as required by the uk corporate governance code biographical details of each of the directors standing 
for reelection appear on page 17 of the company’s annual report and accounts 20132014 under the company’s articles of 
association onethird of the directors are required to retire by rotation each year however in accordance with the uk corporate 
governance code all the directors will submit themselves for annual reelection by shareholders the chairman is satisfied that 
following individual formal performance evaluations the performance of the directors standing for reelection continues to be 
effective and to demonstrate commitment to the role
4  resolution 13 your directors may allot shares and grant rights to subscribe for or convert any security into shares only if 
authorised to do so by shareholders the authority granted at the last annual general meeting is due to expire at this year’s 
annual general meeting accordingly resolution 13 will be proposed as an ordinary resolution to grant new authorities to allot 
shares and grant rights to subscribe for or convert any security into shares if given these authorities will expire at the annual 
general meeting in 2015 or on 24 may 2015 whichever is earlier resolution 13 will allow the directors to allot ordinary shares up 
to a maximum nominal amount of £1655193 representing approximately onethird 3333 per cent of the company’s existing 
issued share capital and calculated as at 1 april 2014 being the latest practicable date prior to date of this document
 as at 1 april 2014 being the last practicable date prior to the date of this document the company holds no treasury shares
5  resolution 14 your directors also require a power from shareholders to allot equity securities for cash and otherwise than to 
existing shareholders pro rata to their holdings the power granted at the last annual general meeting is due to expire at this 
year’s annual general meeting accordingly resolution 14 will be proposed as a special resolution to grant such a power apart 
from offers or invitations in proportion to the respective number of shares held the power will be limited to the allotment of 
equity securities for cash up to an aggregate nominal value of £24827895 being five per cent of the company’s issued ordinary 
share capital at 1 april 2014 being the latest practicable date prior to date of this document if given this power will expire on 
24 may 2015 or at the conclusion of the annual general meeting in 2015 whichever is the earlier your directors will have due 
regard to institutional guidelines in relation to any exercise of this power in particular the requirement for advance consultation 
and explanation before making any non preemptive cash issue pursuant to this resolution which exceeds 75 per cent of the 
company’s issued share capital in any rolling three year period
6  resolution 15 this resolution will give the company authority to purchase its own shares in the markets up to a limit of 10 per 
cent of its issued ordinary share capital the maximum and minimum prices are stated in the resolution your directors believe 
that it is advantageous for the company to have this flexibility to make market purchases of its own shares your directors will 
exercise this authority only if they are satisfied that a purchase would result in an increase in expected earnings per share and 
would be in the interests of shareholders generally
  in the event that shares are purchased they may either be cancelled and the number of shares in issue would be reduced 
accordingly or in accordance with the act be retained as treasury shares the company will consider holding repurchased 
shares pursuant to the authority conferred by this resolution as treasury shares this would give the company the ability to re
issue treasury shares quickly and cost effectively and would provide the company with additional flexibility in the management of 
its capital base
  as at 1 april 2014 being the last practicable date prior to the date of this document the total number of options over ordinary 
shares in the capital of the company that were outstanding under all of the company’s share option plans was 6665899 which 
if exercised would represent 671 per cent of the company’s issued share capital at that date if the company were to purchase 
its own shares to the fullest possible extent of its authority from shareholders existing and being sought this number of 
outstanding options could potentially represent 746 per cent of the issued share capital of the company moss bros group plc annual report  accounts 201314 i 93 
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
7  resolution 16 changes made to the act by the companies shareholders’ rights regulations 2009 increase the notice period 
required for general meetings of the company to at least 21 clear days unless shareholders approve a shorter notice period 
which cannot however be less than 14 clear days annual general meetings will continue to be held on at least 21 clear days’ 
notice
  until the coming into force of the companies shareholders’ rights regulations 2009 on 3 august 2009 the company was able to 
call general meetings other than an annual general meeting on at least 14 clear days’ notice without obtaining such shareholder 
approval in order to preserve this ability resolution 16 seeks the necessary shareholder approval the approval will be effective 
until the company’s next annual general meeting when it is intended that a similar resolution will be proposed
  the flexibility offered by this resolution will be used where taking into account the circumstances the directors consider this 
appropriate in relation to the business to be considered at the meeting
  note that the changes to the act mean that in order to be able to call a general meeting on less than 21 clear days’ notice the 
company must make a means of electronic voting available to all shareholders for that meeting
8 recommendation
  your directors believe that all the proposed resolutions to be considered at the 2014 annual general meeting as set out in this 
document are in the best interests of the company and its shareholders as a whole accordingly your directors unanimously 
recommend that you vote in favour of them as they intend to do in respect of their own beneficial holdings
9 note from the chairman
  “i can confirm as required by the uk corporate governance code that having fully evaluated their performances the board is of 
the view that each of the directors offering themselves for reappointment at the annual general meeting continue to be effective 
and to demonstrate commitment to their role”
 
 debbie hewitt 
 chairman 94 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
this page has been deliberately left blank job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
moss bros group plc
form of proxy for use by shareholders at the annual general meeting of moss bros group plc 
the “company” to be held at 12 noon on 23 may 2014 at 8 st john’s hill london sw11 1sa
please read the notice of meeting and the explanatory notes before completing this proxy form
iwe names in full in block capitals please  
of addresses 
being the holders of ordinary shares of 5p each in the capital of the company hereby appoint the chairman or failing her the
senior nonexecutive director or 
to act as myour proxy to exercise all or any of myour rights to attend speak and to vote in respect of myour voting entitlement on 
myour behalf at the annual general meeting of the company to be held at 12 noon on 23 may 2014 and at any adjournment thereof
if you want your proxy to vote in a certain way on the resolutions specified please place a mark in the relevant boxes if you fail to 
select any of the given options your proxy can vote as he or she chooses or can decide not to vote at all the proxy can do this on any 
resolution put to the meeting
  please tick here if this proxy appointment is one of multiple appointments being made  
for the appointment of more than one proxy please refer to note 1 overleaf
  for against vote withheld discretion
resolution 1  to receive the annual accounts and reports of the directors and      
auditors for the financial year ended 25 january 2014
resolution 2  to approve the directors’ remuneration report excluding the      
directors’ remuneration policy for the financial year 
ended 25 january 2014
resolution 3  to approve the directors’ remuneration policy for the financial year      
ended 25 january 2014
resolution 4  to reelect brian brick as a director of the company     
resolution 5  to reelect bryan portman as a director of the company     
resolution 6  to reelect zoe morgan as a director of the company     
resolution 7  to reelect maurice helfgott as a director of the company     
resolution 8  to reelect debbie hewitt as a director of the company     
resolution 9  to reelect robin piggott as a director of the company     
resolution 10  to reelect deloitte llp as auditor of the company     
resolution 11  to authorise the directors to set the remuneration of the auditor      
resolution 12  to declare a final dividend for the financial year ended 25 january      
2014 of 47 pence per ordinary share
resolution 13  to authorise the directors to allot shares pursuant to section 551     
of the companies act 2006
resolution 14  to authorise the directors to disapply preemption rights pursuant      
to sections 570 of the companies act 2006
resolution 15  to authorise the company to make market purchases of its ordinary      
shares pursuant to section 701 of the companies act 2006
resolution 16  to approve general meetings of the company other than annual      
general meetings to be held on not less than 14 clear days’ notice
signature 
dated this  day of  2014
to facilitate arrangements for the meeting please tick here without commitment on your part if you propose to attend 
the meeting 
notes
1  to appoint as a proxy a person other than the chairman of the meeting insert the full name in the space provided a proxy need not be a member of the company you 
can also appoint more than one proxy provided each proxy is appointed to exercise the rights attached to a different share or shares held by you the following options 
are available
 a  to appoint the chairman as your sole proxy in respect of all your shares simply fill in any voting instructions in the appropriate box and sign and date the form of 
proxy
 b  to appoint a person other than the chairman as your sole proxy in respect of all your shares delete the words ‘the chairman or failing him the senior non
executive director or’ and insert the name of your proxy in the spaces provided then fill in any voting instructions in the appropriate box and sign and date the form 
of proxy
 c  to appoint more than one proxy you may photocopy this form of proxy please indicate the proxy holder’s name and the number of shares in relation to which they 
are authorised to act as your proxy which in aggregate should not exceed the number of shares held by you please also indicate if the proxy instruction is one of 
multiple instructions being given if you wish to appoint the chairman as one of your multiple proxies simply write ‘the chairman of the annual general meeting’ all 
forms must be signed and should be returned together in the same envelope
2 unless otherwise indicated the proxy will vote as he thinks fit or at his discretion abstain from voting
3  the form of proxy must arrive at capita asset services pxs 1 34 beckenham road beckenham br3 4zf during usual business hours accompanied by any power of 
attorney or other authority under which it is executed if applicable or a duly certified copy of such power of attorney or authority no later than 12 noon on 21 may 
2014
4 a corporation must execute the form of proxy under either its common seal or the hand of a duly authorised officer or attorney
5  in the case of joint holders the signature of any one holder will be sufficient but the names of the joint holders should be stated the vote of the senior joint holder 
according to the order in which the names stand in the register in respect of the holding who tenders a vote in person or by proxy shall be accepted to the exclusion of 
the vote of the other joint holders
6  the ‘vote withheld’ option is to enable you to abstain on any particular resolution such a vote is not a vote in law and will not be counted in the votes ‘for’ and ‘against’ 
a resolution
7 shares held in uncertified form ie in crest may be voted through the crest proxy voting service in accordance with the procedures set out in the crest manual
8 completion and return of the form of proxy will not preclude you from attending and voting in person at the meeting should you subsequently decide to do so
9  you may also vote your shares electronically at wwwcapitashareportalcom if you prefer you may return the proxy form to capita asset services in an envelope 
addressed to freepost rlubtbuxeguc pxs 1 34 beckenham road beckenham br3 4zf
 job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201314 t 0207 055 6500 f 020 7055 6600
please trim along dotted line 
fold and insert into the  
supplied reply paid envelope
  job no 17791 proof event 9 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
group p lc
shop online at wwwmossbroscouk r eport and accounts 201314


Summary:
 moss bros group plc annual report  accounts 201314 i 7 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
chief	executive’s	review
review of operations 
the	 group	 has	 continued	 to	 make	 good	 progress	 through	 the	 year	 a	 focus	 on	 brand	 development	 product	
operational	delivery	and	cost	control	has	enabled	us	to	grow	profits	ahead	of	market	expectations	
multichannel project
our	previously	stated	project	to	implement	a	multichannel	shopping	environment	for	our	customers	is	
nearing	completion	the	new	hire	website	launched	in	november	2013	marked	the	introduction	of	a	
single	customer	database	across	stores	and	online	including	full	transaction	history	for	customers	our	
retail stores and websites will also be incorporated into multichannel during 2014 once completed this 
will	enable	customers	to	shop	for	retail	and	hire	across	a	range	of	channels	instore	pc	tablet	mobile	
once	full	multichannel	capability	is	in	place	we	will	leverage	our	new	single	customer	database	using	
customer relationship management software tools so that we can focus customer communications on 
propositions that are relevant and appealing an option for customers to receive their in store customer 
receipt	via	email	will	also	be	introduced	as	well	as	improving	customer	convenience	we	anticipate	that	
this	will	significantly	increase	email	collection	rates	and	therefore	associated	marketing	opportunities	
retail
we	have	continued	to	implement	operational	improvements	across	the	business	continuing	our	
programme of streamlining the product range through stock management initiatives these actions 
impacted	positively	on	the	likeforlike	sales	which	were	up	by	64	on	the	previous	year	201213	41	
christmas trading in particular was above expectations and year end residual stock levels were lower than 
in the previous year
the gross margin performance was enhanced by consolidation into fewer suppliers and the gradual move 
to direct supply from the far east
we	opened	two	new	stores	in	the	uk	in	the	year	as	planned	and	closed	five	loss	making	stores	we	are	
looking at a number of new store opening opportunities in the uk in the next 12 months the group now 
trades from 133 stores
the	inherent	flexibility	in	our	property	estate	gives	us	options	in	what	we	anticipate	will	be	a	fast	changing	
retail	landscape	43	of	our	property	leases	are	due	for	renewal	within	the	next	36	months	and	the	
average lease length across the store portfolio is 53 months there will be opportunities to improve terms 
on renewal in some cases unlike many high street retailers who are looking to actively reduce their 
store 	 footprint 	 the 	 underpinning 	 of 	 hire 	 and 	 the 	 demand 	 for 	 ecommerce 	 ‘click 	  	 collect’ 	 and 	 ‘click 
 	 r e t u r n ’ 	points	together	with	advantageous	lease	deals	means	there	is	an	opportunity	to	expand	our	
store	footprint	on	a	selective	and	cost	effective	basis	with	good	returns
hire
as	reported	in	the	media	2013	was	a	difficult	year	for	the	wedding	hire	market	this	may	have	been	due	
in	part	to	the	widely	reported	‘2013	effect’	of	customers	avoiding	an	unlucky	year	although	there	is	no	
conclusive evidence of this 
overall	likeforlike	hire	sales	fell	by	64	in	the	year	the	first	decline	for	a	number	of	years	the	shortfall	
was	however	confined	to	weddings	down	95	with	eveningwear	royal	ascot	and	school	proms	up	32
we	are	confident	our	position	as	the	leading	hire	brand	will	be	maintained	through	the	product	and	
technology initiatives currently underway
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	cur rent	and	prior	financial	periods	and	compares	52	weeks	against 
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods 
like–forlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustme nt	for	the	movement	in	the	level	of	hire	deposits	held 8 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
chief	executive’s	review
continued
ecommerce
mossbroscouk	performed	very	strongly	with	the	rate	of	sales	growth	accelerating	to	209	up	on	the	
previous	year	online	sales	now	comprise	51	of	total	sales	201213	17	a	new	retail	platform	was	
launched	in	january	2013	including	nationwide	‘click	and	collect’	and	has	seen	a	50	improvement	in	
the buying conversion rate from visitors to the site since launch the addition of a mobile enabled website 
in	may	2013	has	had	an	immediate	impact	on	enhancing	our	customer	offer	site	traffic	conversion	and	
retention	rates	are	all	on	improving	trends	and	the	returns	rate	is	steady	at	20	ecommerce	has	also	
proved	to	be	a	very	efficient	means	of	clearing	end	of	lines	stock	with	faster	sell	through	rates	and	an	
improvement in prices achieved
expansion	into	international	markets	is	underway	with	dedicated	sites	launched	for	eire	sweden	
denmark and netherlands further territories are planned for 201415 
ecommerce	will	play	a	key	role	in	maximising	the	benefits	to	be	derived	from	the	capability	to	trade	in	a	
fully multichannel environment
supply	chain	and	costs
the	earlier	clearance	of	residual	stocks	has	allowed	new	seasons	stock	to	be	introduced	to	stores	earlier	
improving the customer offer and allowing much greater scope for tactical promotions 
the increase in direct sourcing of stock from the far east has increased our exposure to foreign exchange 
risk which is mitigated by the adoption of hedging
people
investment	in	staff	training	in	the	form	of	recruitment	induction	performance	appraisal	and	performance	
management continues with a wider range of courses available and increased numbers of staff being 
trained	our	customer	insight	project	confirmed	that	excellent	customer	service	is	vitally	important	to	our	
customers	particularly	given	our	intended	implementation	of	a	multichannel	shopping	environment	we	
have	strengthened	our	central	operations	marketing	ecommerce	and	merchandising	teams	in	2013
financial review
the	improvement	across	the	business	continued	in	201314	with	good	likeforlike	sales	growth	and	
continued	control	over	costs	underlying	profit	before	taxation	and	exceptional	items	on	continuing	
operations	 was	 £44m	 compared	 with	 a	 profit	 of	 £30m	 in	 the	 previous	 year	 an	 increase	 of	 £14m	 including	
a	 net	 £04m	 credit	 in	 respect	 of	 provisions	 for	 onerous	 property	 lease	 contracts	 201213	 net	 £03m	 credit
revenue
despite	the	shortfall	on	hire	overall	revenue	was	up	43	up	42	likeforlike	on	the	previous	year	to	
£1091m	retail	was	up	62	up	64	likeforlike	on	the	previous	year	as	reported	hire	had	a	difficult	
year	and	was	down	47	down	64	likeforlike	on	the	previous	year	
gross margin
underlying	gross	margin	decreased	by	60	basis	points	in	the	year	590	vs	596	due	in	part	to	the	
lower	participation	of	hire	which	is	higher	margin	in	the	overall	sales	mix
earnings per share
basic	earnings	per	share	on	underlying	earnings	where	underlying	represents	results	before	exceptional	
items	as	defined	in	note	1	of	the	financial	statements	was	376	pence	compared	to	233	pence	per	share	
last	year	diluted	earnings	per	share	on	underlying	earnings	was	353	pence	compared	to	223	pence	per	
share last year
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	cu rrent	and	prior	financial	periods	and	compares	52	weeks	against 
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods 
like–forlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustme nt	for	the	movement	in	the	level	of	hire	deposits	held
	 underlying	represents	results	before	exceptional	items moss bros group plc annual report  accounts 201314 i 9 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
basic earnings per share on total earnings was 376 pence compared to 252 pence per share last year 
diluted	earnings	per	share	on	total	earnings	was	353	pence	compared	to	242	pence	per	share	last	year
dividend
as	announced	on	14	january	2014	given	the	strong	progress	made	in	201314	and	the	ongoing	cash	
generation	the	board	feels	it	is	appropriate	to	propose	the	payment	of	a	final	dividend	of	47p	per	share	
201213	07	pence	bringing	the	total	for	the	year	to	50p	per	share	this	compares	with	09	pence	
per	share	for	the	year	ended	26	january	2013	the	final	dividend	is	to	be	paid	on	26	june	2014	to	all	
shareholders	on	the	register	as	at	6	june	2014	ex	dividend	date	4	june	2014	
investment
total	capital	expenditure	in	the	year	was	£61m	201213	£55m	and	depreciation	and	amortisation	was	
£49m	201213	£45m	this	included	the	opening	of	two	new	stores	and	the	refurbishment	of	13	stores	
the	total	capital	expenditure	included	further	investment	in	new	moss	bros	hire	inventory	of	£16m	
201213	£14m	whilst	depreciation	on	hire	inventory	was	£08m	201213	£09m
cash	and	liquidity
the	year	end	cash	balance	was	£283m	compared	to	£257m	last	year
inventory
the	mix	of	inventory	in	the	business	was	regeared	during	the	year	to	ensure	sufficient	inventory	is	
available to support sales across the business and as a consequence residual stocks at the year end were 
£03m	lower	than	the	previous	year	
trade	and	other	payables
the	terms	and	conditions	with	our	suppliers	are	reviewed	and	adjusted	so	as	to	maximise	the	average	
cash	balance	whilst	improving	the	product	gross	margin
future developments
the	board	believes	moss	bros	has	an	exciting	future	with	the	growth	of	ecommerce	underpinning	the	
move	to	multichannel	retailing	in	201415	the	adoption	of	moss	bros	as	the	master	brand	supported	
by complementary subbrands and introduction of carefully targeted marketing activity to maximise 
opportunities	to	grow	our	business	amongst	target	customers	represents	a	significant	opportunity 
the	introduction	of	customer	relationship	management	“crm”	following	the	full	implementation	of 
multichannel in 201415 and the ongoing store refurbishment programme will further enhance the 
customer experience and perceptions of the brand 
the	customer	insight	project	undertaken	in	2013	revealed	significant	potential	for	the	moss	bros	brand	
although	moss	bros	is	seen	as	having	strong	heritage	and	suiting	expertise	it	is	still	overwhelmingly	best	
known	as	a	hire	brand	the	majority	of	men	do	not	initially	think	of	moss	bros	for	suit	purchase	and	many	
are	unaware	of	the	strength	of	our	3rd	party	brand	offering	we	have	identified	the	key	drivers	of	our	brand	
and will implement a new annual brand tracking survey to monitor our progress against these critical 
factors
there	is	clearly	an	opportunity	to	improve	our	profile	amongst	potential	retail	customers	and	we	plan	to	
develop and implement an improved marketing strategy to deliver this “moss bros” is to be adopted as 
the	master	brand	in	place	of	“moss”	and	our	subbrands	ventuno	blazer	and	dehavilland	are	to	be	
realigned	with	launch	planned	for	autumn	2014	“moss	london”	will	replace	ventuno	“moss	esq”	will	
replace	dehavilland	and	“moss	1851”	will	replace	blazer
carefully targeted marketing activities will be introduced to support this initiative 10 i moss bros group plc shop online at wwwmossbroscouk
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
chief	executive’s	review
continued
retail
as	well	as	improving	the	brand	positioning	and	product	offering	the	team	continues	the	project	to	
modernise	the	look	and	feel	of	core	moss	bros	stores	we	now	have	36	‘new	look’	stores	including	new	
store	openings	relocations	or	refits	the	wider	implementation	programme	is	being	prioritised	and	
coordinated to coincide with lease renewals so as to secure the best possible terms before committing 
expenditure	we	are	planning	28	refits	in	201415
hire
we will continue to leverage the opportunities to grow our market share through new distribution channels 
including	the	new	transactional	internet	site	launched	in	november	2013	which	marked	our	entry	into	
multichannel	and	which	has	seen	traffic	levels	above	expectations	we	will	also	exploit	new	markets	and	
the continued growth of the school proms hire market is very encouraging new product areas such as the 
ted	baker	morning	suit	launched	in	may	2013	and	continued	investment	in	hire	stock	bodes	well	for	the	
future 
early	 season	 wedding	 bookings	 for	 2014	 have	 stabilised	 with	 likeforlike	 sales	 down	 12	 after	 adjusting	
for	the	easter	2013	effect	and	the	month	of	march	has	seen	an	upturn	in	bookings	compared	to	last	year	
it is too early to say if this upturn will be sustained but the business is in excellent shape to build market 
share
moss	hire	also	offers	one	of	the	most	significant	opportunities	to	develop	our	customer	offering	by	
leveraging	the	rich	source	of	customer	data	many	of	whom	are	currently	unaware	of	or	do	not	consider	
the	moss	retail	offer	we	believe	the	opportunities	for	crm	in	the	context	of	a	multichannel	offer	are	
significant
ecommerce
we plan to further exploit growth opportunities both in the uk and overseas through building on our 
success and leveraging the advantages that full multichannel capability will bring additional websites for 
overseas markets are planned 
supply	chain		costs
our	supply	chain	continues	to	be	of	significant	importance	in	delivering	service	and	efficiencies	
we anticipate central costs will increase in line with turnover in 201415 as we increase our investment in 
marketing and our multichannel capability
capital	expenditure	for	201415	is	estimated	at	£92m	including	£56m	for	28	store	refits	
infrastructure
plans	are	in	place	to	upgrade	our	point	of	sale	stock	control	and	dc	systems	in	201415	risk	has	been	
mitigated	through	upgrading	existing	systems	rather	than	wholesale	replacement	the	upgrade	is	largely	
cost neutral with lower annual maintenance costs offsetting higher depreciation charges the upgrade 
project	will	involve	capital	expenditure	of	£08m	in	201415	additional	one	off	revenue	costs	of	£02m	will	
be incurred in 201415 and 201516 during the implementation period
as	well	as	introducing	latest	technology	the	upgrade	will	improve	business	efficiency	and	customer	
experience
with	the	introduction	of	multichannel	growth	of	ecommerce	and	shortening	of	product	lead	times	the	
efficiency	of	the	distribution	centre	is	central	to	our	ability	to	serve	our	customers	the	investment	in	it	in	
201415	will	underpin	the	operational	efficiencies	introduced	in	2013	and	enable	further	improvements	to	
be made 
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	cur rent	and	prior	financial	periods	and	compares	52	weeks	against 
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods 
like–forlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustme nt	for	the	movement	in	the	level	of	hire	deposits	held moss bros group plc annual report  accounts 201314 i 11 
job no 17791 proof event 10 park communications ltd alpine way london e6 6la
customer moss bros project title report  accounts 201213 t 0207 055 6500 f 020 7055 6600
people
we plan to maintain our focus on staff training and development with increased emphasis on improving 
customer satisfaction within a multichannel environment
outlook
these	results	reflect	another	period	of	good	progress	for	the	company	
we continue to make good progress in the delivery of our strategic priorities the modernisation of the 
store portfolio is achieving the anticipated returns and our plans for the implementation of a multichannel  
shopping environment are on track the decision to return to the master brand “moss bros” was supported  
by strong and compelling feedback from our customer insight programme and we look forward to the 
realignment and launch of our subbrands in autumn 2014 this research is helping us to prioritise how 
best to leverage the resonance the brand has with current and potential customers of all age groups
hire	having	had	a	difficult	2013	for	wedding	related	hire	is	showing	some	signs	of	some	recovery	and 
we are well placed to maximise revenues in the 2014 wedding season the early response to the 2014 
springsummer	retail	range	is	positive	with	retail	likeforlike	sales	continuing	to	improve	year	on	year	
as we move out of the winter clearance activity 
the	group’s	trading	performance	continues	positively	in	line	with	the	board’s	expectations
brian brick
chief	executive	officer
2 april 2014
		 	 likeforlike	represents	financial	information	for	stores	open	during	both	the	current	and	prior	financial	periods	and	compares	52	weeks	against	
52	weeks	except	for	stores	refitted	in	the	period	where	the	period	closed	for	refit	is 	excluded	from	both	the	current	and	prior	financial	periods	
likeforlike	hire	sales	are	calculated	on	cash	receipts	in	the	period	before	adjustm ent	for	the	movement	in	the	level	of	hire	deposits	held