1、 delivering innovative semiconductor solutions to our customersCML Microsystems PlcAnnual Report&Accounts 2011CML designs,manufactures and markets a range of semiconductors for global industrial,professional and consumer applications within the wireless communications,storage and wireline communicat
2、ions market areas.Founded in 1968,CML now operates internationally with subsidiaries across the UK,the US,Germany,Singapore and Taiwan.We develop innovative semiconductor solutions for our customers,enabling them to produce world-class products.By focusing on sub-markets where applications have sign
3、ificant expertise barriers to entry alongside offering superior levels of technical support,we are uniquely well placed for the future.Report01 Business highlights02 CML at a glance04 Chairmans statement06 Operating and financial review11 Directors and advisorsGovernance12 Report of the Directors16
4、Directors remuneration report19 Corporate governanceAccounts21 Independent auditors report22 Consolidated income statement22 Consolidated statement of comprehensive income23 Consolidated statement of financial position24 Consolidated and Company cash flow statements25 Consolidated statement of chang
5、es in equity26 Company statement of financial position27 Company statement of changes in equity28 Notes to the financial statementsAdditional information51 Notice of Annual General Meeting55 Five-year record and shareholder information56 Financial calendar 56 GlossaryIntroductionContentsCMLMicrosyst
6、emsPlc Annual Report 2011 1ReportGovernanceAccountsAdditionalInformationOur resultsBusinesshighlightsOperationalhighlightsFinancialhighlights Strong revenue growth globally(23%)in all major application areas Stable cost base and margins within targets Solid cash flow,achieved net cash position Maint