Micro Focus International plc (MCRO) 2020年年度报告「LSE」.pdf

1、Powering the digital economyAnnual Report and Accounts 2020Notes:All FY18 measures are for the 12 months ended 31 October 2018.1.Revenue and Adjusted EBITDA in FY18 and FY19 exclude discontinued operations.2.AdjustedEBITDAandFreecashflowaredefinedinthe“AlternativePerformanceMeasures”ofthesefinancial

2、statements.3.Freecashflowandcashgeneratedfromoperationsincludediscontinuedfor all periods.Overview01 Our purpose02Companyoverview05 Our purpose in actionStrategic report12 Non-executive Chairmans statement14 Chief Executives Strategicreview18 Our markets20 Digitaltransformationcase studies24Ourstrat

3、egy28 Our business model32 Our impact44 Key performance indicators48 Chief Financial Officersreport59 Viability statement60 Principal risks and uncertainties74 Section 172 statementCorporate governance76 Non-executive Chairmans introduction 78 Board of directors80Corporategovernance report92 Audit c

4、ommittee report100 Nomination committee report103 Directors Remuneration report123 Directors report130 Directors responsibilities in respect of the Annual Report and the financialstatementsConsolidated financial statements132 Alternative Performance Measures 139 Independent auditors report to the me

5、mbers of Micro Focus International plc148 Consolidatedfinancialstatements and notes 233 Companyfinancialstatements and notesAdditional information245 Officesworldwide249 Investor information 250 Company informationContentsADJUSTED EBITDA1,2$mFREE CASH FLOW2,3$m(LOSS)/PROFIT BEFORE TAX$mREVENUE1$mCAS

6、H GENERATED FROM OPERATIONS3$m20191,082.8181,151.617564.816456.11,056.320193,001.0183,684.3171,380.7161,245.03,348.420191,173.7181,413.617640.816532.51,362.52019-2,940.418-78.517131.516195.4-34.12019511.218755.617409.216238.5563.3Key highlightsOur purposeTo deliver mission critical enterprise softwa