<span id="lblNoFrames"><h1>sthree RF Statements 2011.pdf</h1><br/>Inside Front Cover Financial Highlights and Contents01 Financial Highlights02 Overview, Business Model & Strategy08 Chairman’s Trading & Governance Overview11 Chief Executive Officer’s Review14 Chief Financial Officer’s Review17 Board of Directors and Secretary19 Directors’ Report25 Directors’ Remuneration Report36 Corporate Governance Report48 Corporate & Social Responsibility (‘CSR’) Report53 Independent Auditors’ Report55 Consolidated Income Statement56 Consolidated Statement of Comprehensive Income57 Statements of Financial Position (Consolidated and Company)58 Consolidated Statement of Changes in Equity59 Company Statement of Changes in Equity60 Statement of Cash Flows (Consolidated and Company)61 Notes to the Financial Statements92 Five Year Financial Summary93 Company Information and Corporate AdvisersInside Back Cover Shareholder InformationfiNANCiAL HiGHLiGHtsGary Elden, CEO, commented: ?As we enter 2013 macro-economic conditions remain uncertain. In this environment, the benefits of the Group?s balance of contract and permanent business, and the success of its geographic and sector diversification in recent years are more evident than ever.??Our contract division, which makes half of gross profits, reported a strong performance and remains a key area of strategic focus. Our fast growing Energy & Engineering and Pharmaceuticals & Biotechnology businesses, which between them make up about one third of gross profits, continued to experience strong demand.??Whatever 2013 has in store for us, we remain confident that we will make the best of it. We will manage the business prudently but we will not lose sight of the great medium term prospects for our business and we will invest where appropriate to ensure that the Group?s future lives up to its potential.?Gary EldenChief Executive OfficerCoNtENts</span>