Theme   Board of Directors Balance Sheet as at December 31, 2004 Letter from the Chairman   Management Team Profit & Loss Account for the year ended December 31, 2004 Performance Highlights for Year 2004   Directors' Report Statement of Cash Flows Preparing for Change   Auditors' Report on Consolidated Financial Statements Notes to Financial Statements Biotechnology   Consolidated Balance Sheet as at December 31, 2004 Annexure to Directors' Report New Drug Discovery   Consolidated Profit & Loss Account for the year ended December 31, 2004 Report on Corporate Governance International Operations   Consolidated Statement of Cash Flows Subsidiaries Wockhardt's Change Drivers   Notes to Consolidated Financial Statements Awards won by Wockhardt in 2004 Wockhardt Medical Excellence Awards   Auditors' Report

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