CORPORATE DIRECTORY ABN 27 009 066 648 Registered Office Level 1, 45 Royal Street East Perth WA 6004 Tel: +61 8 6241 3800
[email protected] Principal Administrative Office PT17212 Jalan Gebeng 3 Kawasan Perindustrian Gebeng 26080 Kuantan, Pahang Darul Makmur Malaysia Tel: +60 9 582 5200 Fax: +60 9 582 5291
[email protected] Share Register Boardroom Pty Ltd Level 12, Grosvenor Place 225 George Street Sydney NSW 2000 Australia Tel: +61 2 9290 9600 Fax: +61 2 9279 0664
[email protected] Auditors Ernst & Young 200 George Street Sydney NSW 2000 Australia 2020 ANNUAL REPORT www.lynascorp.com Contents Letter from the Chairman ii CEO Review v Consolidated Financial Report 1 Corporate Directory Information 2 Directors’ Report 4 Sustainability Statement 18 Remuneration Report – Audited 19 Directors’ Declaration 31 Auditor’s Independence Declaration 32 Independent Auditor’s Report 33 Consolidated Statement of Profit or Loss and Other Comprehensive Income 40 Consolidated Statement of Financial Position 41 Consolidated Statement of Changes in Equity 42 Consolidated Statement of Cash Flows 43 Notes to Consolidated Financial Statements 44 Mineral Resources and Ore Reserves 75 Additional Information 78 Cover photography by Martine Perret Lynas Corporation Limited | 2020 Annual Report i Letter from the Chairman It gives me great pleasure to present the 2020 Annual Report to our shareholders. Due to the effects of the COVID-19 pandemic, the second half of the financial year was particularly challenging for people and businesses all over the world. For Lynas, this included a six-week temporary production halt as a result of the Malaysian government’s Movement Control Order.