Greencoat UK Wind PLC (UKW) 2017年年度报告「LSE」.pdf

1、Greencoat UK Wind PLCAnnual ReportFor the year ended 31 December 2017G R E E N C O ATUK WINDSummary01Chairmans Statement02Strategic Report04Investment Managers Report09Board of Directors22Report of the Directors25Directors Remuneration Report28Statement of Directors Responsibilities30Corporate Gover

2、nance Report31Audit Committee Report35Independent Auditors Report39Financial Statements44Notes to the Financial Statements50Company Information73Supplementary Information74Defined Terms75Cautionary StatementIBC*ContentsG R E E N C O ATUK WINDAll capitalised terms are defined in the list of defined t

3、erms on pages 75 to 76 unless separately defined.*Inside back cover01G R E E N C O ATUK WINDSummaryGreencoat UK Wind PLC is the leading listed renewable infrastructure fund,invested in operating UK wind farms.The Companys aim is to provide investors with an annual dividend that increases in line wit

4、h RPI inflation whilepreserving the capital value of its investment portfolio in the long term on a real basis through reinvestment ofexcess cash flow and the prudent use of gearing.HighlightsThe Groups investments generated 1,457GWh of electricity,in line with budget.Net cash generation(Group and w

5、ind farm SPVs)was 80.1 million.Acquisition of interests in 10 further wind farms and an additional interest in Clyde increased the portfolio to29 wind farm investments,net generating capacity to 694MW and GAV to 1,409.0 million as at 31 December2017.Issuance of further shares raising 340 million in

6、October 2017.The Company has declared total dividends of 6.49 pence per share with respect to the year and is targetinga dividend of 6.76 pence per share for 2018(increased in line with December 2017 RPI).NAV growth of 2.6 pence per share(adjusting for dividends).265 million outstanding borrowings a