Chapters
At-a-glance
GrandVision by the numbers
Vision, mission, strategy
Our customer journey
2019 at-a-glance
A message from our CEO
Business and strategy
The environment in which we operate
Our business model
Our core activities
Our business strategy
Our strategic priorities
How we create long-term value for our stakeholders
Integrating corporate responsibility and sustainability into our business strategy
Our value creation model
Aligning our impact with the UN Sustainable Development Goals
Our progress in 2019
Our people
Creating and managing a global workforce
How we develop and nurture talent
Our inclusive, diverse and ethical work environment
We listen and act
Our Product Value Chain
Product selection and development
Strategic sourcing and procurement
Ensuring safe and high-quality products
Manufacturing and dedicated production lines
Effective transportation
End-of-product lifecycle
Our CO2 impact, at-a-glance
Our presence
Our many customer touchpoints
Accelerate omnichannel and digitally empower customer experiences
We give back to our communities
We are a responsible corporate citizen
Our financial performance
Group performance
Financial review
Financial position
Segment performance
Corporate Governance
Our Corporate Governance, explained
Our Supervisory Board’s report
Supervisory Board activities
Supervisory Board committees
Composition of the Supervisory Board and Management Board
Supervisory Board evaluation
2019 Financial Statements and Dividends
Governance and compliance
Structure and responsibilities
Compliance with the Dutch Corporate Governance Code
Information referred to Section 1 of the Takeover Directive (Article 10) Decree
Our Management Board members
Stephan Borchert, CEO
Willem Eelman, CFO
Our Supervisory Board members
Cornelis (Kees) van der Graaf
Melchert (Mel) Groot
Peter Bolliger
Jeffrey (Jeff) Cole
Rianne Meijerman
Remuneration report
Objectives and principles of the Remuneration Policy
Remuneration for the Management Board in 2019
2019 Ratio fixed and variable pay
Fringe benefits
Short-term variable remuneration
Long-term incentive plan (LTIP) awards
Equity holdings
Five-year comparative overview
Conditional deviations from the Remuneration Policy 2019
2019 Remuneration for the Supervisory Board
Risk management
Risk management system and governance
Risk culture
Enterprise Risk Management
Emerging trends
Internal Control
Internal Audit
Risk management in 2019: Main findings and future improvement plans
Management review and reporting
In Control Statement
Responsibility Statement
Shareholder information
Our listing
2015 Initial Public Offering and listing
2019 GVNV share price performance
Shareholder structure and proposed acquisition by EssilorLuxottica
Shareholder structure
Proposed Acquisition of GrandVision by EssilorLuxottica
Investor information
Investor Relations
Annual General Meeting
Dividends
Key ratios per share
Financial calendar 2020
Financial statements
Consolidated Financial Statements
Consolidated Income Statement
Consolidated Statement of Other Comprehensive Income
Consolidated Balance Sheet
Consolidated Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Consolidated Financial Statements
General Information
Basis of Preparation
Financial Risk Management
Acquisitions of Subsidiaries, Associates and Non-Controlling Interests
Segments
Revenue
Cost of Sales, Directly Related Costs and Other Operating expenses
Finance Income and Costs
Earnings per Share
Current and Deferred Income Taxes
Property, Plant and Equipment
Leases
Goodwill
Other Intangible Assets
Inventories
Trade and Other Receivables
Other Current and Non-Current Assets
Cash and Cash Equivalents
Share Capital, Share Premium and Treasury Shares
Other Reserves
Retained Earnings
Non-Controlling Interest
Borrowings
Derivatives
Post-Employment Benefits
Share-based Payment Plans
Provisions
Other Non-Current Liabilities
Trade and Other Payables
Cash Generated from Operations
Contingent Liabilities
Auditor Fees
Related Parties
Non-GAAP Measures
Principal Subsidiaries, Joint Ventures and Associates
Parent Company Financial Statements
Income Statement
Balance Sheet (Before Appropriation of Result)
Notes to the Parent Company Financial Statements
Accounting Principles
Net Income
General and Administrative Costs
Net Financial Result
Leases
Financial Fixed Assets
Shareholders’ Equity
Legal Reserve
Appropriation of Result
Borrowings
Employees
Contingencies
Other information
Subsequent events
Other information
Independent Auditor’s Report
Transparency appendix
Organization of GrandVision CSR
About this report
Non-financial and diversity information
Materiality and stakeholder communication
Step 1. Determine relevant topics
Step 2. Determine reporting priority
Step 3. Implementation
Data collection process
Reporting benchmarks
Connectivity table
GRI Content index
GRI 102: General disclosures 2019
GRI 103: Management disclosures 2019
Definitions Table
Contact information and colophon
Contact information
Colophon
Case studies
Buying glasses online, made simple
Our sustainable eyewear evolution
Style and quality go hand in hand
Sharing manufacturing expertise brings benefits beyond production
Delivering eye care to Mozambique
Downloads
Download the Annual Report 2019
Download the Financial Statements
Download a spreadsheet with all tables of the Annual Report
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Annual Report 2019
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