PV Crystalox Solar plc (PVCS) 2019年年度报告「LSE」.pdf

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1、PV Crystalox Solar PLCAnnual report and accounts 2019PV 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 GermanyStrategic report IFC About us and highlights1 Chairmans introduction2

2、Operational and financial review4 Key performance indicators5 Risk management and principal risks7 Corporate responsibility Corporate governance9 Chairmans introduction to governance10 Corporate governance statement12 Directors13 Report of the Nomination Committee14 Directors remuneration report24 R

3、eport of the Audit Committee27 Directors report29 Statement of directors responsibilities in respect ofthe financial statementsConsolidated financial statements30 Independent auditors report34 Consolidated statement of comprehensive income35 Consolidated balance sheet36 Consolidated statement of cha

4、nges 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 statementsShareholder information61 AdvisersFind more

5、 online Net cash8.6m2018:54.0mRevenues0.5m2018:6.3mNet cash(used in)/generated from operatingactivities (3.5)m2018:27.7mInventories0.1m2018:0.1m(Loss)/earnings before tax(2.4)m2018:1.6mHighlights Transforming business by applying our wire sawing expertise to cutting ofnonsiliconmaterials 38.5 millio

6、n capital returned in June 2019(equivalent to 24 pence per share)forshareholders Further capital return of up to 2 million via tender offer proposed for Q3 2020Dear Shareholder,As a result of the dire PV industry environment which haspersisted since 2011,the Group had been operating incash conservat