Dunelm : Annual Report 2020

DUNELM GROUP PLC

ANNUAL REPORT AND ACCOUNTS

for the period ended 27 June 2020

STRONGER TOGETHER

In 2020 we learned a lot about ourselves and, above all, that we are stronger together.

To respond to a challenge as all-encompassing as Covid-19 has required a huge effort from every one of our stakeholders. Our colleagues were more committed and adaptable than we could have imagined. Our customers, suppliers, shareholders and communities gave us huge support. Our business model has proven even more resilient than we had expected.

We have learned from our mistakes and from our moments of inspiration. Above all, during the most financially and emotionally challenging period

in Dunelm's history, we have learned that we are stronger together. Thank you to you all.

Nick Wilkinson

CEO

Report Strategic

Dunelm Annual Report & Accounts 2020

01

STRONGER TOGETHER

CONTENTS

STRATEGIC	GOVERNANCE &
REPORT	REGULATORY INFORMATION
03	Stronger Together	80	Chairman's letter
03	2020 performance summary	82	Directors and officers
04	Chairman's statement	86	Corporate Governance Report
06	Making strategic progress whilst	86	Board leadership and company
	navigating the Covid-19 crisis		purpose
08	Listening, learning and emerging as a	99	Division of responsibilities
	stronger business	104	Composition, succession and
10	Business Model		evaluation
10	At a glance	112	Audit, risk and internal control
12	Our marketplace	120	Remuneration
14	Ambitions, purpose and strategy	156	Regulatory Information
16	Long-term thinking	156	Directors' Report
18	Key performance indicators	160	Statement of Directors'
20	Investment proposition		responsibilities

1. Business Review

1. Our six focus areas
2. Financial Review

1. Sustainability Review

1. Risks and Risk Management

1. Risk management

1. Principal risks and uncertainties

75 Going concern, viability and Section 172(1) statements

K E Y P E R F O R M A N C E	B U S I N E S S R E V I E W P 2 1
I N D I C A T O R S P 1 8

FINANCIAL STATEMENTS & COMPANY INFORMATION

1. Independent Auditors' Report

1. Consolidated Income Statement

1. Consolidated Statement of Comprehensive Income
2. Consolidated Statement of Financial Position
3. Consolidated Statement of Cash Flows
4. Consolidated Statement of Changes in Equity
5. Accounting Policies

181 Notes to the Consolidated Financial Statements

198 Parent Company Statement of Financial Position

1. Parent Company Statement of Cash Flows
2. Parent Company Statement of Changes in Equity
3. Parent Company Accounting Policies

202 Notes to the Parent Company Financial Statements

1. Alternative Performance Measures
2. Advisers and Contacts
3. Places to shop

F I N A N C I A L R E V I E W P 2 8

02 Dunelm Annual Report & Accounts 2020