KYOCERA AVX COMPONENTS LIMITED

1. KYOCERA AVX COMPONENTS LIMITED 2021-10-01 → present
2. AVX LIMITED 1976-12-31 → 2021-10-01
3. AVX CORPORATION (U.K.) LIMITED 1975-11-28 → 1976-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers (Northern Ireland) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the company's plans, liquidity levels and mitigating actions available there is reasonable expectation that the company has adequate resources to continue in operational existence for the next 12 months from the date of the financial statements being approved. For these reasons the directors continue to adopt a going concern basis for the preparation of the financial statements. At the date of this report, the directors are confident that the company can continue to demonstrate its resilience and navigate the current economic climate successfully. At the balance sheet date, the company had cash and cash equivalents of $241,220,000 and net assets excluding pension surplus of $696,533,000. Cash flow forecasts, including reasonable downside scenarios, have been prepared out to 31 March 2027, which demonstrate that the group continues to have cash available to support its on-going operations. As a result the directors continue to prepare the financial statements on a going concern basis as they are satisfied that the company has the ability to meet its liabilities as and when they fall due for a period of not less than 12 months from the date of this report.”

Group structure

1. KYOCERA AVX COMPONENTS LIMITED · parent
   1. Kyocera AVX Components (Paris) S.A.S. 100% · France · Seller of electronic components
   2. Kyocera AVX Components (Munich) Gmbh 100% · Germany · Seller of electronic components
   3. Kyocera AVX Components Srl 100% · Italy · Seller of electronic components
   4. Kyocera AVX Components s.r.o. 100% · Czech Republic · Electronic components manufacturer
   5. Kyocera AVX Components (Salzburg) GmbH 100% · Austria · Electronic components manufacturer
   6. Kyocera AVX Components (Werne) GmbH 100% · Germany · Electronic components manufacturer
   7. Kyocera AVX Components (Werne) Holding GmbH 100% · Germany · Holding company
   8. Kyocera AVX Components (Dresden) GmbH 100% · Germany · Electronic components manufacturer
   9. Kyocera AVX Components (Timisoara) SRL 100% · Romania · Electronic components manufacturer
   10. Kyocera AVX Components (Suzhou) CO Ltd 100% · China · Electronic components manufacturer
   11. Kyocera AVX Components (New Delhi) Private Ltd 100% · India · Electronic components manufacturer

Significant events

• “Performance in this sector is largely cyclical and is dependent on the company's customers' business. The requirements for passive components fluctuate significantly as a result of changes in general economic conditions and other factors which includes the production of new products. The company's performance is also dependent on the availability of raw materials used to manufacture products such as tantalum, platinum, silver, copper and palladium. The company has mitigated against short term fluctuations in the supply and price of key raw materials by building stocks and sourcing materials from new producers. Given the highly technological and competitive market in which the company operates, the company's products must remain innovative and competitively priced so it focuses continually on cost reductions and development of new products.”
• “There is a contingent liability to repay government grants under the terms of the respective letters of offer if the company fails to achieve and maintain specified conditions. In the opinion of the directors the terms of the letter of offer have been complied with and thus there are no indications that the company will suffer any loss in relation to these potential liabilities.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -12.1%

  £252,425,500 → £221,981,468

• Cash

  +28.1%

  £139,593,032 → £178,813,936

• Net assets

  +5.7%

  £500,685,693 → £529,296,516

• Employees

  -14.6%

  301 → 257

• Operating profit

  -18.3%

  £25,366,197 → £20,713,862

• Profit before tax

  -23%

  £45,009,637 → £34,664,937

• Wages

  +17.9%

  £10,282,431 → £12,120,830

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers