New Energy Solar (NEW) 2021年年度报告「ASX」.pdf

1、ANNUAL REPORT31 December 2021New Energy Solar Limited ACN 609 396 983Renewable energy.Sustainable investments.CONTENTSChairs Letter.iBusiness Highlights.vInvestment Managers Report.xCorporate Governance Statement.1Directors Report.9Auditors Independence Declaration.23Financial Statements.25Statement

2、 of Profit or Loss and Other Comprehensive Income.26Statement of Financial Position.27Statement of Changes in Equity.28Statement of Cash Flows.29Notes to the Financial Statements.30Directors Declaration.62Independent Auditors Report.63Stock Exchange Information.67Unaudited Aggregated Historical Fina

3、ncial Information.70Additional Disclosures.78Directory.80Annual ReportNEW ENERGY SOLARNC-47 aerial view June 2017NC-31 south side aerial view March 2017 Chairs LetteriDear Investors,On behalf of New Energy Solar Limited(NEW),I present the full-year report for the 12 months ended 31 December 2021.In

4、2021 there were a number of changes consistent with the Boards intention to address the share price discount to net asset value(NAV).Specifically,NEW implemented the following recommendations of the Strategic Review conducted in late 2020(Strategic Review).STRATEGIC INITIATIVESTATUSSale of NEWs shar

5、es in US Solar Fund Plc Sale of up to a 50%interest in the Mount Signal 2(MS2)solar power plantSale of the two Australian power plants and exit from the Australian electricity marketUn-stapling to simplify corporate structure and streamline corporate governanceUse of asset sale proceeds to pay down

6、debtReturn of capital through equal access off-market buybackFurther to the above,NEW commenced an on-market buyback at the end of 2021.However,it has been paused while the Board contemplates further action to address the share price discount which has persisted despite completion of the initiatives