Canfor Pulp Products Inc. (CFX.UN) 2016年年度报告「TSX」.pdf

1、CANFOR PULP PRODUCTS INC.2016IN THIS REPORT0338CONSOLIDATED FINANCIAL STATEMENTS 05 2016 Managements Discussion and Analysis06 Company Overview07 Overview of 201611 Overview of Consolidated Results-2016 Compared to 201513 Operating Results by Business Segment-2016 Compared to 201517 Summary of Finan

2、cial Position17 Changes in Financial Position18 Liquidity and Financial Requirements20 Transactions with Related Parties21 Selected Quarterly Financial Information22 Three-Year Comparative Review23 Fourth Quarter Results27 Specific Items Affecting Comparability27 Outlook28 Critical Accounting Estima

3、tes29 Future Changes in Accounting Policies30 Risks and Uncertainties35 Outstanding Share Data36 Disclosure Controls and Internal Controls Over Financial Reporting66MESSAGE TO SHAREHOLDERS39 Managements Responsibility40 Independent Auditors Report42 Consolidated Balance Sheets43 Consolidated Stateme

4、nts of Income44 Consolidated Statements of Other Comprehensive Income(Loss)44 Consolidated Statements of Changes in Equity45 Consolidated Statements of Cash Flows46 Notes to the Consolidated Financial Statements67 Directors and Officers68 Corporate and Shareholder InformationADDITIONAL INFORMATIONIn

5、 2016,Canfor Pulp delivered strong operational performance in all of our business lines NBSK pulp and BCTMP,specialty paper products and renewable energy generation.Global pulp demand was stable,and there continues to be increased demand in China.Paper markets remain strong we saw recovery in North

6、America after market weakness in the first half of the year,and China continues to recover from a weak 2015.Our energy business had a modest increase in power generation now that the turbines of our three NBSK pulp mills are all operating and selling power,and we project further incremental benefits