PV Crystalox Solar plc (PVCS) 2018年年度报告「LSE」.pdf

1、PV Crystalox Solar PLCAnnual report and accounts 2018PV Crystalox Solar is a long established supplier to the global PV industry now also providing slicing services for the high technology ceramics and optics industries in Germany.Strategic reportIFC About us and highlights1 Chairmans introduction2

2、Operational and financial review4 Key performance indicators5 Risk management and principal risks7 Corporate responsibilityCorporate Governance9 Chairmans introduction to governance10 Corporate governance statement12 Directors13 Report of the Nomination Committee14 Directors remuneration report22 Re

3、port of the Audit Committee24 Directors report26 Statement of directors responsibilitiesFinancial statementsConsolidated financial statements27 Independent auditors report31 Consolidated statement of comprehensive income32 Consolidated balance sheet33 Consolidated statement of changes in equity34 Co

4、nsolidated cash flow statement35 Notes to the consolidated financial statementsCompany financial statements51 Accounting policies52 Company balance sheet53 Company statement of changes in equity54 Notes to the Company financial statementsShareholder informationIBC AdvisersFind more online Net cash54

5、.0m2017:26.9mRevenues6.3m2017:26.4mNet cash generated from/(used in)operating activities 27.7m2017:(1.2)mInventories0.1m2017:3.9mEBT(earnings beforetaxation)1.6m2017:12.0mHighlights 28.8m received from customer in settlement of ICC arbitration award Closure of UK operations completed following produ

6、ction shutdown in 2017 Multicrystalline wafer production operations terminated in Germany Focusing on transformation of business by applying our wire sawing expertise tocutting of non-silicon materials 38.5m capital return proposed(equivalent to 24 pence per share)for shareholdersDear Shareholder,As