Transcription of 2021 Annual Report
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2021 Annual Report
2021 Annual ReportContentsFY21 1 Letter from the Chairman 2 CEO Review 4 Our Operations 7 Our Values 7 Board of Directors 8 Senior Management Team 8 Directors Report 9 Sustainability Statement 30 Remuneration Report Audited 31 Directors Declaration 47 Auditor s Independence Declaration 48 Independent Auditor s Report 49 Financial Statements 55 Consolidated Statement of Profit or Loss and Comprehensive Income 56 Consolidated Statement of Financial Position 57 Consolidated Statement of Changes in Equity 58 Consolidated Statement of Cash Flows 59 Notes to the Financial Statements 60 Mineral Resources and Ore Reserves 101 Additional Information 104 Corporate Directory Rare Earths Limited | 2021 Annual Report1FY21 Highlights$157mRecord Profit$498mRecord Sales$681mCash and short term deposits 848 Employees and Contractors10+Nationalities in Senior Leadership21%Women Senior ExecutivesZero COVID-19 Workplace Transmission in FY21 External accreditations maintained f rom the ChairmanDear Shareholder, I m pleased to present the 2021 Annual improvements implemented in prior years meant we were well positioned to deliver and grow in 2021, including being able to capture the benefits of much improved market conditions.
Earths outside of China, Lynas is engaged with governments around the world to sustainably address this supply chain challenge. Following year end and as announced on 22 July 2021, Lynas was awarded a $14.8 million grant as part of the Australian government’s Modern
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