Frontier Ip Group (FIPP) 2020年年度报告「LSE」.pdf

1、Annual Report and Accounts2020EDINBURGH 93 George Street Edinburgh EH2 3ESCAMBRIDGE Wellington House East Road Cambridge CB1 1BHLONDON 18 King William Street London EC4N 7BPwww.frontierip.co.ukFrontier IP provides commercialisation services in return for equity.We unite science,finance and industry

2、to turn outstanding research into high-value businesses.OVERVIEW1 Highlights 3 Our business:why we are different 6 Our story:delivering growth over the last five years7 Our portfolio companies:some to watch 10 Chairmans Statement STRATEGIC REPORT12 Overview 13 Chief Executive Officers Statement 15 K

3、ey Performance Indicators16 Operational Review 17 Portfolio Review 22 Financial Review 23 Key Risks and Challenges OUR GOVERNANCE26 Board of Directors 30 Committees of the Board 32 Audit Committee Report 33 Corporate Governance 39 Advisers 40 Directors Report 42 Statement of Directors Responsibiliti

4、es 43 Independent Auditors Report OUR FINANCIALS49 Consolidated Statement of Comprehensive Income 50 Consolidated Statement of Financial Position 51 Company Statement of Financial Position 52 Consolidated and Company Statements of Changes in Equity 53 Consolidated and Company Statements of Cash Flow

5、s 54 Accounting Policies 59 Notes to the Financial Statements COMPANY INFORMATION77 Five Year Record 1 FRONTIER IP GROUP PLC|Annual Report 2020|OVERVIEWHighlights Financial2020Profit before tax increased by 78%to4,184,000 2,350,000“Outside of coronavirus,highlights of the year saw the growing maturi

6、ty of the portfolio reflected in an increased flow of fundraising and new industrial partnerships.A number of companies are now at important inflection points in their development.They have completed much hard toil in developing and validating their technologies and are now poised to see commerciali