We have included a business review in each of the last five years as an integral part of our Annual Report. It provides forward looking statements on the outlook for RE overall and our divisions. It outlines key business risks facing the company which arise from the highly competitive and rapidly changing aspect of our markets including: the increasingly technological nature of our products and services; the international composition of our operations; legal and regulatory uncertainties; the impact on publicly funded customers of funding changes; and the protection of our intellectual property.
The RE combined financial statements and the financial statements of the two parent companies, Reed Elsevier PLC and Reed Elsevier NV, are prepared in accordance with International Financial Reporting Standards (IFRS). Read more for RE’s corporate structure.