Ocean Outdoor Limited (OOUT) 2020年年度报告「LSE」.pdf

1、 Ocean Outdoor Limited Annual Report and Consolidated Financial Statements Year ended 31 December 2020 Contents Key Highlights 1 Chairmans statement 2 Report of the Directors 3 Corporate Governance statement 15 Independent Auditors report to the members of Ocean Outdoor Limited 18 Consolidated state

2、ment of profit and loss and other comprehensive income 28 Consolidated statement of financial position 30 Consolidated statement of changes in equity 31 Consolidated statement of cash flows 33 Notes to financial statements 34 Appendix 77 Ocean Outdoor Limited Key Highlights 1 Key Highlights The foll

3、owing headline financial information is on both the audited figures and unaudited proforma1 figures for Ocean Outdoor Limited and its subsidiaries(Ocean,the Group or the Company),with comparisons between FY20 and FY19.Reported financial highlights Billings2 recognised by the Group in FY20 were 104.7

4、m(FY19:135.1m)Revenue generated by the business in the year totalled 86.2m(FY19:104.0m)Group gross profit was 22.4m(FY19:44.9m)Group loss before tax was 184.3m(FY19:6.2m)Agreed 35m of debt facilities of which 5m was drawn down by the year end Cash on balance sheet of 30.0m(FY19:26.9m)Net assets bala

5、nce of 196.0m(FY19:374.0m)Cash generated from operations totalling 32.1m(FY19:46.8m)Financial unaudited proforma1 highlights Unaudited Group revenue of 86.2m on a proforma basis,down 38%(2019:139.6m)Unaudited Adjusted EBITDA3 of(0.4)m down from 32.9m Reduced overheads(excluding depreciation and non-

6、recurring items)by 4.4m to 26.8m,down 14%(2019:31.2m)Operational highlights Continued to invest for growth-capital expenditure in new locations of 6.4 million(2019:12.2 million)Launched suite of new technological innovations with Ocean Labs for wider appeal(3D forced perspective technology,mobile au