PV Crystalox Solar plc (PVCS) 2017年年度报告「LSE」.pdf

1、PV Crystalox Solar PLC Annual report and accounts 2017PV Crystalox Solar PLCAnnual report and accounts 2017About us and highlightsPV Crystalox Solar is a long established supplier to the global photovoltaic industry,producing multicrystalline siliconwafers for use in solar electricity generation sys

2、tems.Strategic reportIFC About us and highlights01 Chairmans introduction02 Operational and financial review06 The current market08 Risk management and principal risks10 Corporate responsibilityGovernance12 Chairmans introduction to governance13 Corporate governance statement15 Directors16 Report of

3、 the nomination committee17 Directors remuneration report25 Report of the audit committee27 Directors report29 Statement of directors responsibilitiesFinancial statementsConsolidated financial statements30 Independent auditors report34 Consolidated statement of comprehensive income35 Consolidated ba

4、lance sheet36 Consolidated statement of changes in equity37 Consolidated cash flow statement38 Notes to the consolidated financial statementsCompany financial statements55 Accounting policies56 Company balance sheet57 Company statement of changes in equity58 Notes to the Company financial statements

5、Shareholder informationIBC AdvisersOverview ICC arbitration final award rendered in November 2017 Wafer shipments volumes up 28%at 146MW(2016:114MW)Closure of United Kingdom manufacturing operations during H22017 Look for a buyer or restructure German wafer production operations during 2018Find more

6、 online Net cash26.9m2016:28.8mRevenues26.4m2016:56.7mInventories3.9m2016:11.2mNet cash(used in)/generated from operating activities(1.2)m2016:18.0mEBT(earnings before taxation)*12.0m2016:1.7m*Including other income of 23.8m01PV Crystalox Solar PLCAnnual report and accounts 2017Strategic reportChair