Caribbean Utilities Company, Ltd. (CUP) 2022年年度报告「TSX」.pdf

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1、Caribbean Utilities Company,Ltd.2022 Annual Report Caribbean Utilities Company,Ltd.2022 Annual Report 1 About the Company Caribbean Utilities Company,Ltd.,(“CUC”or the“Company”),commenced operations as the only electric utility in Grand Cayman on May 10,1966.The Company currently has an installed ge

2、nerating capacity of 166 megawatts(“MW”).The record peak load of 113.6 MW was experienced on September 11,2022.CUC is committed to providing a safe and reliable supply of electricity to over 33,000 customers.The Company has been through many challenging and exciting periods but has kept pace with Gr

3、and Caymans development for over the past 56 years.About the Cayman Islands The Cayman Islands,a United Kingdom Overseas Territory with a population of approximately 75,000,are comprised of three islands:Grand Cayman,Cayman Brac and Little Cayman.Located approximately 150 miles south of Cuba,460 mil

4、es south of Miami and 167 miles northwest of Jamaica,the largest island is Grand Cayman with an area of 76 square miles.A Governor,presently His Excellency Mr.Martyn Roper,is appointed by His Majesty the King.A democratic society,the Cayman Islands have a House of Parliament comprised of representat

5、ives elected from 19 electoral districts.Caribbean Utilities Company,Ltd.2022 Annual Report 2 Table of Contents Highlights 3 Letter to Fellow Shareholders 4 Managements Discussion and Analysis 9 Managements Responsibility for Financial Reporting 32 Independent Auditors Report 33 Consolidated Balance

6、 Sheets 37 Consolidated Statements of Earnings 38 Consolidated Statements of Comprehensive Income 39 Consolidated Statements of Shareholders Equity 40 Consolidated Statements of Cash Flows 41 Notes to Annual Consolidated Financial Statements 42 Ten-Year Summary 65 Board of Directors 67 Officers 68 S