PV Crystalox Solar plc (PVCS) 2014年年度报告「LSE」.pdf

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1、PV Crystalox Solar PLCAnnual report and accounts 2014PV Crystalox Solar is a long established supplier to the global photovoltaic industry,producing multicrystalline silicon wafers for use in solar electricity generation systems.Cash conservation strategy continued during 2014 There were no shipment

2、s to long-term contract customers We have strengthened relationships with new customers in Taiwan and Europe Wafer shipments were 212MW(2013:211MW)ABOUT US AND HIGHLIGHTSNet cash(cash less external loans)24.6m2013:39.2mRevenues 53.3m2013:71.4mInventories28.6m2013:13.0mNet cash from operating activit

3、ies continuing operations(15.7)m2013:4.4mEBT(earnings before taxation)continuing operations(4.7)m2013:6.6mStrategic reportIFC About us and highlights01 Chairmans statement02 Operational and financial review06 The current market08 Our strategy and KPIs10 Risk management and principal risks12 Corporat

4、e responsibilityGovernance14 Chairmans introduction to governance15 Corporate governance statement17 Directors18 Report of the nomination committee19 Directors remuneration report28 Report of the audit committee30 Directors report32 Statement of directors responsibilitiesFinancial statementsConsolid

5、ated financial statements33 Independent auditors report37 Consolidated statement of comprehensive income38 Consolidated balance sheet39 Consolidated statement of changes in equity40 Consolidated cash flow statement42 Notes to the consolidated financial statementsCompany financial statements64 Indepe

6、ndent auditors report 66 Accounting policies67 Company balance sheet68 Notes to the company financial statementsShareholder information72 AdvisersFind more online 01PV Crystalox Solar PLC Annual report and accounts 201401PV Crystalox Solar PLC Annual report and accounts 2014Governance Strategic repo