1、FRONTIER IP GROUP PLCANNUAL REPORT&FINANCIAL STATEMENTSContentsStrategic Report2Highl ights2Our Business and Strategy3Chairmans Statement3Business Model4Strategy4Our Performance5Chief Executive Officers Statement5Key Performance I ndicators5Operational Review6Portfol io Review7Financial Review1 1Ris
2、k Management13Our Governance14Board of Directors14Advisers16Directors Report17Statement of Directors Responsibil ities19Directors Remuneration Report20Our Financial s22I ndependent Auditors Report22Group Statements24Consol idated Statement of Comprehensive I ncome24Consol idated Statement of Financi
3、al Position25Company Statement of Financial Position26Consol idated and Company Statements of Changes in Equity27Consol idated and Company Statements of Cash Fl ows 28Accounting Pol icies29Notes to the Financial Statements33Company I nformation48Registered number:062621771Frontier IP Group plcWel co
4、me to Frontier I PFrontier I P devel ops and manages a portfol io of equity stakes in companies foundedon strong,commercial l y-focused I ntel l ectual Property.Our current portfol io contains companies based on I P from a range of sourcesincl uding the University of Cambridge,University of Central
5、Lancashire,Universityof Dundee,Heriot Watt University-Edinburgh,Pl ymouth University,Robert GordonUniversity-Aberdeen and University of St Andrews.We activel y seek out potentialportfol io companies and fresh sources of exceptional I P.The Group earns its equity and revenue by hel ping businesses to
6、 grow in val ue,providing downstream attractive returns for Frontier I Ps stakehol ders andsharehol ders.Equity stakes are earned through providing practical support ahead ofappl ying capital.Since our inception in 2009,our portfol io has grown to 17 companies.The Group wil lcontinue to grow its por