Ferroglobe PLC (GSM) 2020年年度报告「NASDAQ」.pdf

1、 Ferroglobe PLC Annual Report and Accounts 2020 Company Registration No.09425113 Ferroglobe PLC Annual Report and Financial Statements Year ended 31 December 2020 Ferroglobe PLC Annual report and financial statements 2020 Contents Page No.Glossary and definitions.1 Officers and professional advisers

2、.4 Introduction.5 Chairmans letter to shareholders.6 Strategic report(including section 172 statement).9 Directors report.17 The Board of Directors.24 Directors remuneration report.30 Independent auditors report to the members of Ferroglobe PLC.56 Consolidated financial statements.65 Notes to the co

3、nsolidated financial statements.71 Parent company financial statements.158 Notes to the parent company financial statements.160 Appendix 1 Non-IFRS financial metrics.167 (This page has been left blank intentionally.)1 Ferroglobe PLC GLOSSARY AND DEFINITIONS Unless the context requires otherwise,the

4、following definitions apply throughout this U.K.Annual Report(including the Appendix,save as set out below):“2020”.the financial year ended 31 December 2020;“2019”.the financial year ended 31 December 2019;“2021 AGM”.the Annual General Meeting of the Company,to be held in 2021;“2020 Form 20-F”.the C

5、ompanys Form 20-F for the fiscal year ended 31 December 2020;“ABL RCF”.the Credit and Security Agreement for a new$100 million North American asset-based revolving credit facility dated as of 11 October 2019,entered into between Globe and QSIP Canada ULC,as borrowers,and PNC Bank,N.A.,as lender and

6、settled in March 2021;“ABL Revolver”.credit available under the ABL RCF;“Adjusted EBITDA”.earnings before interest,tax,depreciation and amortisation,adjusted in accordance with Companys adjustments announced as part of its earnings reports.Alternative Performance Measures are reconciled at Appendix