CML Microsystems Plc
Annual Report and Accounts FY21
Strategic report | Directors' report | Financial statements | Other information |
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About us
We develop mixed-signal, RF and microwave semiconductors for global communications markets.
The first choice semiconductor partner to technology innovators,
Vision | together transforming how |
the world communicates. |
Financial statements | Other information |
Chairman's statement | 04 |
Market opportunity | 08 |
Business model and strategy | 10 |
Key performance indicators and risks | 12 |
Group Managing Director's review | 14 |
Environment, social and governance 18 Directors' report
Board of Directors | 24 |
Senior management team | 26 |
Corporate governance | 27 |
Directors' remuneration report | 29 |
Directors' report | 35 |
Statement of Directors' responsibilities 39
Independent auditor's report | 40 |
Consolidated income statement | 46 |
Consolidated statement of | |
total comprehensive income | 47 |
Consolidated statement | |
of financial position | 48 |
Consolidated and Company | |
cash flow statements | 49 |
Consolidated statement | |
of changes in equity | 50 |
Company statement of | |
financial position | 51 |
Company statement of | |
changes in equity | 52 |
Notes to the financial statements | 53 |
Explanatory letter from | |
the Chairman | 89 |
Notice of Annual | |
General Meeting | 93 |
Five‑year record | 99 |
Shareholder information | 100 |
Glossary | IBC |
Advisors | IBC |
Strategic report | Directors' report | Financial statements | Other information |
Financial highlights
12.50 | 0.01 | 4.81 | 2.73 | |||
Revenue | Pre-tax profit1 | Basic earnings per share | Adjusted EBITDA2 | |||
(£m) | - continuing operations | for profit from continuing | (£m) | |||
(£m) | operations attributable to | |||||
the ordinary equity holders | ||||||
of the Company | ||||||
(p) | ||||||
(17)% | (99)% | (40)% | (39)% | |||
2020: 15.00 | 2020: 1.17 | 2020: 8.02 | 2020: 4.50 | |||
53.45 31.91 22.77 141.13
Shareholders' equity | Net cash | Pre-tax profit1 | Basic earnings per share |
(£m) | (£m) | - continuing and | for profit attributable |
discontinued operations | to the ordinary equity | ||
(£m) | holders of the Company | ||
(p) |
+26% | +276% | +1599% | +1472% |
2020: 42.39 | 2020: 8.48 | 2020: 1.34 | 2020: 8.98 |
- Change in research and development estimates, see accounting policies note r.
- For definition and reconciliation see note 12.
Operational highlights
- Sale of Storage division for US$49m in cash.
- Expanded customer engagements through enhanced strategy.
- Launch of SμRF product range for microwave/millimetre wave applications.
- Returned over £10m to shareholders via share buyback, dividends and return of capital.
- Record net cash of £32m at year end.
- Proposed move to AIM market listing.
CML Microsystems Plc | Annual Report and Accounts FY21 | 01 |
At a glance
The Company has long held an outstanding reputation for the quality of its engineering and development teams, supported by a clear strategy, depth of management and strong routes to market.
Cambridge, UK
Essex, UK
Somerset, UK
North Carolina, USA
Group operations
This map is illustrative, but not fully definitive, of our locations. For a full list of our locations please visit our website at cmlmicroplc.com
Wuxi,China
Shanghai, China
Singapore
Key stats | |||
Established | 3 | Employees | Engineers |
worldwide | |||
1968 | >40% | ||
147 | |||
Design facilities | |||
2021 revenue split by region | |||
40% | 47% | 13% | |
Far East | Europe | Americas |
02 | CML Microsystems Plc | Annual Report and Accounts FY21 |
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Disclaimer
CML Microsystems plc published this content on 02 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 July 2021 09:21:01 UTC.