Ferroglobe PLC (GSM) 2019年年度报告「NASDAQ」.pdf

1、19JAN201715352596Ferroglobe PLCAnnual Report and Accounts 2019Company Registration No.09425113Ferroglobe PLCAnnual Report and Financial StatementsYear ended 31 December 2019Ferroglobe PLCAnnual report and financial statements 2019ContentsPage No.Glossary and definitions.1Officers and professional ad

2、visers.5Introduction.6Chairmans letter to shareholders.7Strategic report(including section 172 statement).11Directors report.18The Board of Directors.25Directors remuneration report.30Independent auditors report to the members of Ferroglobe PLC.60Consolidated financial statements.73Notes to the cons

3、olidated financial statements.79Parent company financial statements.192Notes to the parent company financial statements.194Appendix 1 Non-IFRS financial metrics.202Ferroglobe PLCGLOSSARY AND DEFINITIONSUnless the context requires otherwise,the following definitions apply throughout this U.K.Annual R

4、eport(including the Appendix,save as set out below):2019.the financial year ended 31 December 2019;2018.the financial year ended 31 December 2018;2020 AGM.the Annual General Meeting of the Company,to be held in 2020;2019 Form 20-F.the Companys Form 20-F for the fiscal year ended31 December 2019;ABL

5、RCF.The Credit and Security Agreement for a new$100 million NorthAmerican asset-based revolving credit facility dated as of11 October,2019,entered into between Globe and QSIPCanada ULC,as borrowers,and PNC Bank,N.A.,as lender;ABL Revolver.credit available under the ABL RCF;Adjusted EBITDA.earnings b

6、efore interest,tax,depreciation and amortisation,adjusted in accordance with Companys adjustments announcedas part of its earnings reports.Alternative Performance Measuresare reconciled at Appendix 1;Alternative PerformanceMeasures.the non-IFRS financial metrics reconciled at Appendix 1;Aon.Aon Plc;