abacus group plc
annual report  accounts 2005
abacus house
bone lane
newbury
berkshire
rg14 5sf
wwwabacusgroupcouk
abacus group plc annual report  accounts 2005 the abacus group is a leading franchised distributor of electronic components flatpanel
displays printers and related products and provides additional value added services
including technical support cable and electromechanical subassembly and the design
and build of display systems
the group employs approximately 750 people and has 9 principal trading businesses
operating in the uk eire benelux scandinavia and italy
the group’s philosophy is to offer as wide a product range as possible in order to be in
tune with the widespread market trend towards supply chain management and vendor
reduction to work at design level with both existing and new customers in order to be
involved in the proliferation of new products that typifies the electronics industry and to
combine these features with an unusually high level of personal service and commitment
the group has a continual programme of investment to ensure that the logistics and
systems are in place to support and further these aims
contents
financial and operational highlights 1
abacus group at a glance 2
chairman’s statement 4
chief executive’s review 6
financial review 9
the board of directors secretary and advisors 11
directors’ report 12
corporate governance statements 17
corporate social responsibility 22
directors’ remuneration report 24
statement of directors’ responsibilities 32
auditors’ report 33
financial statements 34
five year summary 56
notice of annual general meeting 57
form of proxy 59
geographic coverage ibc abacus group plc 1
financial and operational highlights
2005 was in line with the board’s expectations as announced in the july trading
update notwithstanding the weakness exhibited by our markets the business
has performed ahead of the competition gaining market share we believe we
are well placed for 2006


Summary:
 abacus group plc 1
financial and operational highlights
2005 was in line with the board’s expectations as announced in the july trading
update notwithstanding the weakness exhibited by our markets the business
has performed ahead of the competition gaining market share we believe we
are well placed for 2006