Alaris Royalty Corp. (AD) 2020年年度报告「TSX」.pdf

1、 1 FISCAL YEAR ENDED DEFISCAL YEAR ENDED DECEMBER 31,2020CEMBER 31,2020 ANNUALANNUAL REPORTREPORT ANNUAL REPORT 2020 2 Presidents Message.3 About Alaris.4 Objective&Strategy.4 Trust Conversion.4 Investment Summary.5 Private Company Partner Summaries.6 Board of Directors.7 2020 Financial Highlights.8

2、 2020 Per Unit Highlights.9 Management Discussion&Analysis.10 Income Trust Conversion.12 Overview.12 Results Of Operations.13 Outlook.18 Partner Updates.23 Liquidity and Capital Resources.29 Working Capital.31 Fnancial Instruments.32 Internal Controls Over Financial Reporting.33 Summary of Contractu

3、al Obligations.33 Related Party Transactions.33 Critical Accounting Estimates and Policies.33 Recent Accounting Pronouncements.34 Summary of Annual&Quarterly Results.35 Outstanding Units.36 Income Taxes.36 Risk Factors.37 Forward-Looking Statements.55 Additional Information.56 Consolidated Financial

4、 Statements .57 Independent Auditors Report.58 Consolidated statements of financial position.63 Consolidated statements of comprehensive income.64 Consolidated statement of changes in equity.65 1.Reporting entity.68 2.Statement of compliance.68 3.Significant accounting policies.70 4.Financial Risk M

5、anagement Overview.75 5.Investments.78 6.Unitholders Capital.86 7.Loans and borrowings.88 8.Convertible debentures.89 9.Unit-based payments.90 10.Income Taxes.91 11.Fair Value of Financial Instruments.93 12.Commitments.93 13.Related Parties.94 14.Subsequent Events.94 ANNUAL REPORT 2020 3 Presidents

6、MessagePresidents Message While nobody could have foreseen the kind of year 2020 would become,looking back on the outcome for Alaris almost exactly one year after the world was essentially shut down by the virus,we are incredibly proud of how Alaris was able to perform.The stock market sold our stoc