Albioma
U N I V E RSA L
R EG I ST R AT I O N
D O CU M E N T
ANNUAL FINANCIAL REPORT
2 02 0
Biomass shed - Albioma Galion 2, Martinique
le groupe Albioma
1.1. History................................................................................................................................ | 6 | |||
1.2. Key figures....................................................................................................................... | 7 | |||
1.3. Businesses and main markets............................................................................. | 8 | |||
1.4. Strategic priorities and investment policy.................................................. | 21 | |||
1.5. Organisation ................................................................................................................ | 24 | |||
1.6. Risk management and internal control....................................................... | 29 | |||
11.7. Non-financial performance declaration...................................................... | 45 | |||
Corpora te governance | ||||
2.1. General remarks........................................................................................................ | 84 | |||
2.2. Organisation of General Management ................................................... | 84 | |||
and status of the Chief Executive Officer | ||||
2.3. Membership of the Board of Directors and conditions................................... | 87 | |||
for the preparation and organisation of its work | ||||
2.4. Remuneration of corporate officers............................................................. | 125 | |||
2.5. Summary of trading in 2020 in the Company's shares | 140 | |||
by the corporate officers, their family and friends............................. | ||||
2.6. AFEP/MEDEF Code recommendations | 140 | |||
not applied by the Company........................................................................... | ||||
22.7. Related-party agreements and commitments, | 140 | |||
3 | information on related parties....................................................................... | |||
Acti vities and results | ||||
for the year ended 31 December 2020 | ||||
3.1. Key figures .................................................................................................................. | 144 | |||
3.2. Highlights of the year.......................................................................................... | 145 | |||
3.3. Comments on the consolidated financial statements ..................... | 149 | |||
3.4. Significant changes in the financial or commercial position ........ | 152 | |||
3.5. Key events since 1 January 2021 and outlook.......................................... | 153 | |||
3.6. Company financial statements ....................................................................... | 153 | |||
Consolidated financial statements | ||||
for the 2020 financial year | ||||
4.1. Consolidated income statement.................................................................... | 158 | |||
4.2. Statement of comprehensive income........................................................ | 159 | |||
4.3. Consolidated statement of financial position....................................... | 160 | |||
4.4. Statement of changes in shareholders' equity..................................... | 162 | |||
4.5. Statement of consolidated cash flows...................................................... | 163 | |||
4.6. Notes to the consolidated financial statements ................................. | 164 | |||
Statutory Auditors' Report | 210 | |||
44.7. on the consolidated financial statements .............................................. |
COMPANY FINANCIAL STATEMENTS | |
FOR THE 2020 FINANCIAL YEAR | |
5.1. Income statement.................................................................................................. | 216 |
5.2. Statement of financial position..................................................................... | 218 |
5.3. Notes to the company financial statements.......................................... | 220 |
5.4. Statutory Auditors' Report on | |
5the annual financial statements........................................................................... | 242 |
Ordinar y and Extraordinary
General Meeting of 25 May 2021
7 | 7.1. Agenda.......................................................................................................................... | 282 | |
7.2. Draft resolutions and report of the Board........................................................... | 283 | ||
of Directors for the General Meeting | |||
7.3. Reports by the Statutory Auditors | |||
on the resolutions................................................................................................. | 310 | ||
Appendices | |||
8.1. Persons responsible for auditing the financial statements........... | 316 | ||
8.2. Financial information included for reference purposes .................. | 317 | ||
8.3. Person responsible for the Universal Registration..................................... | 317 | ||
Documentand for the Annual Financial Report | |||
8.4. Declaration by the person responsible for the Universal ....... | 317 | ||
Registration Document and for the Annual Financial Report | |||
8.5. Person responsible for the financial information ............................... | 317 | ||
88.6. Cross-reference tables........................................................................................ | 318 |
The French language version of this Universal Registration Document was filed on 30 April 2021 with the French Financial Markets Authority (Autorité des Marchés Financiers) in its capacity as competent authority within the meaning of EU Regulation 2017/1129, without prior approval, in accordance with Article 9 of said Regulation. The Universal Registration Document may also be used for the offer to the public or the admission to trading of securities on a regulated market, provided it is accompanied by securities note and, if applicable, a summary of all amendments applied to the Universal Registration Document. All of these items are approved by the French Financial Markets Authority in accordance with the abovementioned Regulation.
ALBIOMA . document d'enregistrement universel 2019 . 3
The Albioma G r o u p
1.1. History | 6 | ||||
1.2. Key figures | 7 | ||||
1.2.1. Availability | of thermal biomass plants | 7 | |||
1.2.4. Consolidated | diluted basic earnings per share | 7 | |||
1.2.2. EBITDA | 7 | ||||
1.2.5. Dividend per share | 7 | ||||
1.2.3. Net income, Group share | 7 | ||||
1.2.6. Consolidated net debt | 7 | ||||
1.3. Businesses and main markets | 8 | ||||
1.3.1. Business model | 8 | ||||
1.3.2. Research | and development, patents and licences | 11 | |||
1.3.3. Regulatory | and contractual framework | 11 | |||
1.3.4. Principal markets | 16 | ||||
1.4. Strategic priorities and investment policy | 21 | ||||
1.4.1. Three | strategic priorities, one goal: renewable energy | ||||
sources to exceed 90% of the Group's total production | 21 | ||||
and coal use to end in Overseas France by 2025 | |||||
1.4.2. €940 million allocated to capital expenditure over | |||||
the period 2013-2020, with an additional €600 to | 22 | ||||
€800 million to be allocated between 2021 and 2025 |
1.5. Organisation | 24 | ||
1.5.1. Simplified | legal organisation chart | 24 | |
(as at the Universal Registration Document filing date) | |||
1.5.2. Additional | information on the Group's legal structure | 25 | |
1.5.3. Functional | organisation and Executive Committee | 27 |
1.6. Risk management and internal control | 29 | |
1.6.1. Risk factors | 29 | |
1.6.2. Internal | control and risk management procedures | 38 |
1.6.3. Insurance | policy | 44 |
1.7. Non-financial performance declaration | 45 | |
1.7.1. A positive contribution firmly rooted | 47 | |
in the business model | ||
1.7.2. A human resources policy that addresses | 49 | |
the Group's strategic issues | ||
1.7.3. Albioma | is committed to the energy transition… | 57 |
1.7.4. Ethics | and compliance for a responsible economy | 70 |
1.7.5. Non -financial rating | 73 | |
1.7.7. Report | by one of the statutory auditors, appointed | |
as independent third parties, on the consolidated | ||
non-financial information presented in the | 79 | |
Group's Management Report |
ALBIOMA . 2020 Universal Registration Document . 5
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Albioma SA published this content on 19 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 08:54:03 UTC.