Financial Highlights  1 Chairman’s Report  2 Directors’ Report  6 Statement of Corporate Governance Practices  12 Statement of Financial Position  16 Statement of Financial Performance  18 Statement of Cash Flows  19 Segment Information  22 Notes to the Financial Statements  29 Directors’ Declaration  89 Independent Audit Report  90 Shareholder Information  92 Directory of Harvey Norman Shopping Complexes  93 REGISTERED OFFICE  NAME OF ENTITY ABN OR EQUIVALENT COMPANY  SHARE REGISTRY BANKERS  AUDITORS  THE ANNUAL  GENERAL MEETING  HARVEY NORMAN HOLDINGS LIMITED A1 Richmond Road  Homebush West NSW 2140  Telephone: (02) 9201 6111  Facsimile: (02) 9201 6250  REFERENCE 54 003 237 545  Registries Limited  Level 2, 28 Margaret Street  SYDNEY  Australia & New Zealand Banking Group Ltd Ernst & Young  Gillis Delaney Brown Harvey Norman Holdings Limited shares are  quoted on:  -  the New Zealand Stock Exchange  -  the Australian Stock Exchange (“ASX”); and The Annual General Meeting of the Shareholders of Harvey Norman Holdings Limited will be held at Tattersalls,  181 Elizabeth Street, Sydney on Tuesday 25 November 2003  at 11.00 am.  (for full details and Proxy Form see separate document  enclosed) STOCK EXCHANGE LISTING SOLICITORS  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003  Company Information  Contents