Greencoat UK Wind PLC (UKW) 2018年年度报告「LSE」.pdf

1、Greencoat UK Wind PLCAnnual ReportFor the year ended 31 December 2018G R E E N C O ATUK WINDSummary1Chairmans Statement2Strategic Report4Investment Managers Report9Board of Directors22Report of the Directors25Directors Remuneration Report28Statement of Directors Responsibilities30Corporate Governanc

2、e Report31Audit Committee Report35Independent Auditors Report39Financial Statements45Notes to the Financial Statements51Company Information76Supplementary Information77Defined Terms78Cautionary Statement80ContentsG R E E N C O ATUK WINDAll capitalised terms are defined in the list of defined terms o

3、n pages 78 to 79 unless separately defined.SummaryGreencoat UK Wind PLC is the leading listed renewable infrastructure fund,invested in UK wind farms.The Companys aim is to provide investors with an annual dividend that increases in line with RPI inflation whilepreserving the capital value of its in

4、vestment portfolio in the long term on a real basis through reinvestment ofexcess cashflow and the prudent use of gearing.HighlightsThe Groups investments generated 2,003GWh of electricity,6 per cent.below budget owing to low windresource.On budget cash generation(Group and wind farm SPVs)was 117.3

5、million.Acquisition of 3 further wind farms and an additional interest in Clyde increased the portfolio to 32 wind farminvestments,net generating capacity to 836MW and GAV to 1,872.8 million as at 31 December 2018.Agreement to acquire 75 per cent.of Tom nan Clach and 100 per cent.of Douglas West,the

6、 Groups first CFDand subsidy free investments respectively.Issuance of further shares raising 118.8 million in May 2018.The Company has declared total dividends of 6.76 pence per share with respect to the year and is targetinga dividend of 6.94 pence per share for 2019(increased in line with Decembe