1、2021CANFOR PULP PRODUCTS INC.ANNUAL REPORT IN THIS REPORT0135CONSOLIDATED FINANCIAL STATEMENTS 02 2021 Managements Discussion and Analysis03 Company Overview04 Overview of 202110 Overview of Consolidated Results-2021 Compared to 202011 Operating Results by Business Segment-2021 Compared to 202015 Su
2、mmary of Financial Position15 Changes in Financial Position16 Liquidity and Financial Requirements17 Transactions with Related Parties19 Selected Quarterly Financial Information20 Three-Year Comparative Review20 Fourth Quarter Results24 Outlook25 Non-IFRS Financial Measures25 Critical Accounting Est
3、imates27 Risks and Uncertainties34 Outstanding Share Data34 Disclosure Controls and Internal Controls Over Financial Reporting64MESSAGE TO SHAREHOLDERS36 Managements Responsibility37 Independent Auditors Report42 Consolidated Balance Sheets43 Consolidated Statements of Income(Loss)44 Consolidated St
4、atements of Other Comprehensive Income44 Consolidated Statements of Changes in Equity45 Consolidated Statements of Cash Flows46 Notes to the Consolidated Financial Statements65 Directors and Officers66 Corporate and Shareholder InformationADDITIONAL INFORMATION As we consider the events of 2021,I am
5、 most impressed by the resiliency of our people and the resolve demonstrated every day to overcome the many challenges and ensuring Canfor Pulp is a sustainable and respected company in the years ahead.Despite the ongoing pandemic,significant supply chain challenges,and continued volatility in globa
6、l pulp market conditions our employees demonstrated exceptional perseverance and dedication.The health,safety and wellness of our employees has been and will continue to be our first priority.As we adapted to evolving COVID-19 procedures and protocol,a steadfast commitment to keeping our people safe