Frontier Ip Group (FIPP) 2019年年度报告「LSE」.pdf

1、Frontier IP Group plcAnnual Report and Accounts2019 Frontier IP Group plcEDINBURGH 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 eq

2、uity.We unite science,finance and industry to turn outstanding research into high-value businesses.Cover image:Clockwise from top left:Nandi Proteins engineered particles;Molendotech testing kit Exscientia logo Ebola virus Alusid tilesFieldwork Robotics raspberry harvesterOVERVIEW1 Highlights 3 Our

3、business:why we are different 6 Our portfolio:some spin outs to watch9 Chairmans statement STRATEGIC REPORT11 Overview 12 Chief Executive Officers Statement 14 Operational Review 15 Portfolio Review 19 Financial Review 20 Key Risks and Challenges OUR GOVERNANCE22 Board of Directors 26 Committees of

4、the Board 28 Audit Committee Report 29 Corporate Governance 34 Advisers 35 Directors Report 36 Statement of Directors Responsibilities 37 Independent Auditors Report OUR FINANCIALS43 Consolidated Statement of Comprehensive Income 44 Consolidated Statement of Financial Position 45 Company Statement o

5、f Financial Position 46 Consolidated and Company Statements of Changes in Equity 47 Consolidated and Company Statements of Cash Flows 48 Accounting Policies 52 Notes to the Financial Statements COMPANY INFORMATION67 Five Year Record FRONTIER IP GROUP PLC|Annual Report 2019|OVERVIEW1 Highlights a yea

6、r of outstanding progress2019Profit before tax increased by 160%2,350,000 902,000“The year to June 2019 saw Frontier IP and its portfolio companies make strong progress despite the uncertain political,economic and market environments in which we operate.We materially increased the value of our portf