<table border="0" cellpadding="0" cellspacing="0" width="100%" bgcolor="#2a5779" align="right"> <tr height="19px"> <td bgcolor="#2a5779" width="180px" align="left"></td> <td align="right" valign="bottom"> <table border="0" cellpadding="0" cellspacing="0"> <tr> <td> </td><td><COMBO_0 /></td> <td align="right"> </td> <td align="right"></td> <td> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td align="right"></td> </tr> </table> </td> </tr> </table> </td> </tr></table>
EXECUTIVE AND
SUPERVISORY BODIES
CHAIRMAN'S MESSAGE
FINANCIAL HIGHLIGHTS
THE LVMH SHARE
WINES AND SPIRITS
FASHION AND LEATHER GOODS
PERFUMES AND COSMETICS
WATCHES AND JEWELRY
SELECTIVE RETAILING
FINANCIAL STATEMENTS
Consolidated income statement
and comments
Consolidated statement
of changes in equity
Consolidated balance sheet
and comments
Consolidated cash flow statement
and comments
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