Electra Private Equity Plc (ELTA) 2016年年度报告「LSE」.pdf

1、Electra Private Equity PLC Report and AccountsELECTRA PRIVATE EQUITY PLCElectra Private Equity PLCPaternoster House65 St Pauls ChurchyardLondon EC4M 8ABT:+44(0)20 7214 REPORT AND ACCOUNTS 2016This Report and Accounts is printed on FSC certified paper,using fully sustainable,vegetable oil-based inks.

2、The paper supplying mill is ISO 9001,ISO 14001 and OHSAS 18001 certified and operates to EMAS standards.The mill is fully integrated,manufacturing pulp and paper on site,therefore reducingenergy consumption and carbon output.Printed by Nicholas Gray L201630 SeptemberReferences in this Report and Acc

3、ounts to Electra Private Equity PLC and its subsidiaries have been abbreviated to Electra or the Company.References to Epiris Managers LLP(formerly Electra Partners LLP)have been abbreviated to Epiris or the Manager.ContentsOverview1 About Electra Private Equity PLC2 Financial Highlights3 Long-term

4、PerformanceStrategic and Business Review4 Chairmans Statement7 Strategic ReportThe Managers Report18 The Manager26 Investment Highlights28 Portfolio Highlights30 Portfolio Overview32 Portfolio Review42 Market Review43 New Investments45 Realisations48 Extended Case Study:Elian50 Key Investments51 Lar

5、ge Buyouts and Co-Investments65 Financial ReviewFinancial Statements69 Consolidated Income Statement 69 Consolidated Statement of Comprehensive Income 70 Consolidated Statement of Changes in Equity71 Company Statement of Changes in Equity72 Consolidated Balance Sheet73 Company Balance Sheet74 Consol

6、idated Cash Flow Statement 75 Company Cash Flow Statement 76 Notes to the Financial Statements108 Independent Auditors ReportGovernance116 Objective and Investment Policy117 Report of the Directors124 Directors Remuneration Report126 Remuneration Policy138 Corporate Governance146 Report of the Audit