SEC Filings

Form 20-F
SKY SOLAR HOLDINGS, LTD. filed this Form 20-F on 04/27/2018
Document Outline
Entire Document (14755.4 KB)
Subdocument 1 - 20-F - 20-F
Page 1 - UNITED STATES
Page 2 - SKY SOLAR HOLDINGS, LTD.
Page 3 - CONVENTIONS THAT APPLY TO THIS ANNUAL REPORT ON FORM 20-F
Page 4 - N/A
Page 5 - FORWARD-LOOKING STATEMENTS
Page 6 - N/A
Page 7 - PART I
Page 8 - Revenue Categories
Page 9 - B. Capitalization and Indebtedness
Page 10 - Our business, financial condition and results of operations could be materially and adversely affect
Page 11 - N/A
Page 12 - As we enter new markets in different jurisdictions and expand our business to new areas, we face dif
Page 13 - N/A
Page 14 - Our limited operating history, especially with large-scale IPP solar parks, and certain recent event
Page 15 - We may not be able to manage the exit of the Silent Partner, including to secure financing for our p
Page 16 - Our growth prospects and future profitability depend to a significant extent on global liquidity and
Page 17 - The delay between making significant upfront investments in our solar parks and receiving revenue co
Page 18 - We are expanding our business into China, which may expose our business to new risks that may materi
Page 19 - We have entered into a deed of non-competition and right of first refusal with our director and form
Page 20 - We may not be able to develop or acquire additional attractive solar assets to grow our business.
Page 21 - Our legal rights to certain real properties used for our solar parks are subject to third party righ
Page 22 - Our future success depends significantly on the continued service of our senior management team and
Page 23 - Decreases in the spot market price of electricity could harm our IPP revenue and reduce the competit
Page 24 - We face significant competition in certain markets in which we operate.
Page 25 - N/A
Page 26 - Our construction activities may be subject to cost overruns or delays.
Page 27 - Our project operations may be adversely affected by weather and climate conditions, natural disaster
Page 28 - Disputes with our historical project affiliates other equity owners may adversely affect our busines
Page 29 - We may become regulated as a utility company in certain jurisdictions in the future.
Page 30 - If we do not successfully execute our financing plan, we may have to sell certain of our IPP solar p
Page 31 - If we fail to implement and maintain an effective system of internal controls, we may be unable to a
Page 32 - We face uncertainties with respect to indirect transfers of equity interests in PRC resident enterpr
Page 33 - Our global income may become subject to PRC income tax if we are deemed to be a PRC resident enterpr
Page 34 - Fluctuations in foreign currency exchange rates may negatively affect our revenue, cost of sales and
Page 35 - Our senior management, directors, principal shareholders and affiliated entities have substantial co
Page 36 - RISKS RELATED TO OUR ADSS AND OUR TRADING MARKETS
Page 37 - If we fail to meet the applicable listing requirements, NASDAQ may delist our ADSs from trading on i
Page 38 - Our articles of association contain anti-takeover provisions that could have a material and adverse
Page 39 - You may be subject to limitations on transfers of your ADSs.
Page 40 - We rely on the foreign private issuer exemption from most of the corporate governance requirements u
Page 41 - We are a foreign private issuer, and our disclosure obligations differ from those of U.S. domestic r
Page 42 - Your right to participate in any future rights offerings may be limited, which may cause dilution to
Page 43 - INITIAL PUBLIC OFFERING
Page 44 - N/A
Page 45 - OUR IPP SOLAR PARKS
Page 46 - Solar Parks in Operation
Page 47 - Shovel-Ready Projects
Page 48 - OUR SOLAR ENERGY SYSTEM SALES BUSINESS
Page 49 - N/A
Page 50 - Chile
Page 51 - United States
Page 52 - Anaerobic Digestor (AD)
Page 53 - Greece
Page 54 - Primary Permit Development
Page 55 - Secondary Permit Development
Page 56 - PV Module Procurement
Page 57 - Operations and Maintenance
Page 58 - Our Historical Project Affiliates
Page 59 - Competition
Page 60 - Facilities
Page 61 - Japanese Regulations
Page 62 - Determination of price
Page 63 - Regulations Specifically Relating to Construction
Page 64 - Chilean Regulations
Page 65 - Favorable Construction Report (former land use change).
Page 66 - PRC Regulations
Page 67 - Regulatory Authorities and Approvals Process
Page 68 - Feed-in-tariff
Page 69 - Approvals checklist for solar projects
Page 70 - Uruguayan Regulations
Page 71 - Taxation
Page 72 - Canadian Regulations
Page 73 - Development.
Page 74 - U.S. Regulations
Page 75 - Regulation of PV and the Renewable Energy Power Industry
Page 76 - Capacity limits (quantitative criteria).
Page 77 - Deductions from the preferential prices:
Page 78 - Environmental Protection
Page 79 - Installation License.
Page 80 - N/A
Page 81 - Environmental Protection
Page 82 - C. Organizational Structure
Page 83 - D. Property, Plants and Equipment
Page 84 - ITEM 4A. UNRESOLVED STAFF COMMENTS
Page 85 - Factors Affecting Our Results of Operations
Page 86 - Our revenue model and the geographic mix of our project portfolio
Page 87 - EPC costs for PV systems
Page 88 - Our project development and operations capabilities
Page 89 - N/A
Page 90 - Cost of sales and services
Page 91 - Impairment loss on IPP solar parks
Page 92 - Reversal of provision for other taxes
Page 93 - Critical Accounting Policies
Page 94 - EPC services solar energy system sales - Build and transfer of solar parks
Page 95 - IPP solar parks
Page 96 - N/A
Page 97 - Inventories
Page 98 - Share-based payment arrangements
Page 99 - Financial liabilities at fair value through profit or loss ( FVTPL )
Page 100 - N/A
Page 101 - Year Ended December 31, 2017 Compared to Year Ended December 31, 2016
Page 102 - Other losses.
Page 103 - Other operating income.
Page 104 - N/A
Page 105 - Operating Activities
Page 106 - Investment Activities
Page 107 - Capital Expenditures
Page 108 - C. Research, Development and Intellectual Property
Page 109 - ITEM 6. DIRECTORS, SENIOR MANAGEMENT, AND EMPLOYEES
Page 110 - Xiaoguang Duan.
Page 111 - Qiang Zhan.
Page 112 - Aditya Satghare.
Page 113 - Share-based Compensation
Page 114 - 2014 Equity Incentive Plan
Page 115 - Option / Restricted Share Awards
Page 116 - Audit Committee
Page 117 - Nominating and Corporate Governance Committee
Page 118 - D. Employees
Page 119 - B. RELATED PARTY TRANSACTIONS
Page 120 - Transactions with Certain Affiliates and Shareholders
Page 121 - Deed of Non-competition and Right of First Refusal
Page 122 - Trademark License Agreements
Page 123 - Equity Incentive Plan
Page 124 - B. Significant Changes
Page 125 - E. Dilution
Page 126 - United States Federal Income Taxation
Page 127 - ADSs
Page 128 - Sale, Exchange or Other Disposition
Page 129 - N/A
Page 130 - Information Reporting and Backup Withholding
Page 131 - I. Subsidiary Information
Page 132 - Interest Rate Risk
Page 133 - Liquidity Risk
Page 134 - ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
Page 135 - Payment of Taxes
Page 136 - ITEM 15. CONTROLS AND PROCEDURES
Page 137 - Remediation Actions and Plans
Page 138 - ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
Page 139 - ITEM 16G. CORPORATE GOVERNANCE
Page 140 - ITEM 16H. MINE SAFETY DISCLOSURE
Page 141 - PART III
Page 142 - N/A
Page 143 - SIGNATURES
Page 144 - SKY SOLAR HOLDINGS, LTD.
Page 145 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Page 146 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Page 147 - SKY SOLAR HOLDINGS, LTD.
Page 148 - SKY SOLAR HOLDINGS, LTD.
Page 149 - SKY SOLAR HOLDINGS, LTD.
Page 150 - SKY SOLAR HOLDINGS, LTD.
Page 151 - SKY SOLAR HOLDINGS, LTD.
Page 152 - SKY SOLAR HOLDINGS, LTD.
Page 153 - 2. APPLICATION OF NEW AND AMENDMENTS TO INTERNATIONAL FINANCIAL REPORTING STANDARDS
Page 154 - N/A
Page 155 - IFRS 15 Revenue from Contracts with Customers
Page 156 - 3. SIGNIFICANT ACCOUNTING POLICIES
Page 157 - N/A
Page 158 - Changes in the Group s ownership interests in existing subsidiaries
Page 159 - 3.6 Revenue recognition
Page 160 - EPC services solar energy system sales - Provision of pipeline plus EPC services
Page 161 - 3.7 Construction contracts
Page 162 - 3.10 IPP solar parks
Page 163 - 3.13 Investment property
Page 164 - 3.15 Foreign currencies
Page 165 - 3.17 Taxation
Page 166 - 3.18 Impairment of tangible and intangible assets other than goodwill
Page 167 - SKY SOLAR HOLDINGS, LTD.
Page 168 - 3.21 Hedge accounting
Page 169 - 3.22.3 Financial liabilities at fair value through profit or loss ( FVTPL )
Page 170 - 3.22.4 Financial liabilities of amortized cost
Page 171 - Share options granted to eligible employees
Page 172 - N/A
Page 173 - SKY SOLAR HOLDINGS, LTD.
Page 174 - 6. SEGMENT INFORMATION
Page 175 - Information about major customers
Page 176 - 10. STAFF COSTS, ADMINISTRATIVE EXPENSES AND COST OF SALES AND SERVICES
Page 177 - 12. DIVIDENDS
Page 178 - 14. OTHER OPERATING INCOME
Page 179 - 16. AMOUNTS DUE FROM OTHER RELATED PARTIES
Page 180 - N/A
Page 181 - 17. TRADE AND OTHER RECEIVABLES
Page 182 - 18. INVENTORIES
Page 183 - 20. PROPERTY, PLANT AND EQUIPMENT
Page 184 - 21. IPP SOLAR PARKS, INVESTMENT PROPERTY
Page 185 - (2) Investment Property
Page 186 - 22. INTANGIBLE ASSETS
Page 187 - 23. INTERESTS IN ASSOCIATES
Page 188 - N/A
Page 189 - N/A
Page 190 - 24. DEFERRED TAX ASSETS
Page 191 - 25. OTHER NON-CURRENT ASSETS
Page 192 - N/A
Page 193 - 27. AMOUNTS DUE TO OTHER RELATED PARTIES
Page 194 - 28. BORROWINGS
Page 195 - 29. OTHER CURRENT LIABILITIES
Page 196 - N/A
Page 197 - 30. OTHER NON-CURRENT LIABILITIES
Page 198 - N/A
Page 199 - 31. SHARE CAPITAL
Page 200 - SKY SOLAR HOLDINGS, LTD.
Page 201 - N/A
Page 202 - N/A
Page 203 - 33. ACQUISITION OF SUBSIDIARIES
Page 204 - 34. DISPOSAL OF SUBSIDIARIES
Page 205 - N/A
Page 206 - N/A
Page 207 - N/A
Page 208 - 35. FINANCIAL INSTRUMENTS
Page 209 - Interest rate risk
Page 210 - Credit risk
Page 211 - Liquidity risk
Page 212 - Fair value measurements
Page 213 - N/A
Page 214 - N/A
Page 215 - N/A
Page 216 - 36. DETAILS OF PRINCIPAL SUBSIDIARIES NOW COMPRISING THE GROUP
Page 217 - 37. OPERATING LEASES
Page 218 - 39. RETIREMENT BENEFIT SCHEMES
Page 219 - N/A
Page 220 - 41. SUBSEQUENT EVENTS
Subdocument 2 - EX-8.1 - EX-8.1
Page 1 - N/A
Subdocument 3 - EX-12.1 - EX-12.1
Page 1 - N/A
Subdocument 4 - EX-12.2 - EX-12.2
Page 1 - N/A
Subdocument 5 - EX-13.1 - EX-13.1
Page 1 - N/A
Subdocument 6 - EX-13.2 - EX-13.2
Page 1 - N/A
Subdocument 7 - EX-15.1 - EX-15.1
Page 1 - N/A
Subdocument 8 - EX-15.2 - EX-15.2
Page 1 - N/A
Subdocument 9 - EX-16.1 - EX-16.1
Page 1 - N/A
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