Beacon Energy PLC2022年年度报告.pdf

1、 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2022 CONTENTS Page Chairmans Report 1 Directors Report 2 Statement of Directors Responsibilities 6 Independent Auditors Report 7 Consolidated Statement of Comprehensive Income 12 Consolidated Statement of Financial Position 13 Consolidated Stat

2、ement of Changes in Equity 14 Consolidated Cash Flow Statement 15 Notes to the Financial Statements 16 Statement of compliance with the QCA Corporate Governance Code 34 Corporate Information 41 1 CHAIRMANS REPORT On behalf of the Board of Directors,I hereby present the financial statements of Advanc

3、e Energy plc(“Advance”or the“Company”)for the year ended 30 April 2022.Without doubt,the year under review has been a challenging one for the Company,with a disappointing outcome on the Buffalo well announced in January 2022.Since that time,the Board has refocused the strategy for the Company and su

4、bstantially reduced its cost base.The Board has implemented measures to reduce the Companys costs by more than 50%through a number of initiatives including reducing salaries and Director fees by over 60%.To support these initiatives,CEO Leslie Peterkin and CFO Stephen West agreed to leave the Compan

5、y.We thank Leslie and Stephen for their efforts and contributions.The CEO position has been filled by Non-Executive Director Larry Bottomley.In addition to a forensic focus on costs,the Board has refined the strategy for the Company,which is to create a self-funding oil&gas production company to tak

6、e advantage of growth opportunities being generated as industry players reshape their portfolios to manage the energy transition to net-zero emissions.Post period end,on 26 July 2022 the Company successfully raised 425,000 from new and existing shareholders,including 80,000 from Directors of the Com