1、Specialising in the commercialisationof intellectual propertyFrontier IP Group plcAnnual Report&Financial StatementsYear ended 30 June 2011 Registered number 06262177 FRONTIER IP GROUP PLC ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2011 FRONTIER IP GROUP PLC 1 ANNUAL REPORT AND FINANC
2、IAL STATEMENTS For the year ended 30 June 2011 CONTENTS Page Key Points 2 Executive Chairman?s Statement 3 Business Review 6 Directors 10 Advisers 11 Directors?Report 12 Directors?Remuneration Report 14 Statement of Directors Responsibilities 16 Independent Auditor?s Report 17 Consolidated Statement
3、 of Comprehensive Income 19 Consolidated Statement of Financial Position 20 Company Statement of Financial Position 21 Consolidated and Company Statements of Changes in Equity 22 Consolidated and Company Statements of Cash Flows 23 Accounting Policies 24 Notes to the Financial Statements 28 Three ye
4、ar record 38 FRONTIER IP GROUP PLC 2 Neil Crabb,Executive Chairman of Frontier IP,said:?Frontier IP achieved significant progress on several fronts over the year to 30 June 2011.We moved from PLUS to AIM in January 2011,at the same time,raising 1.0 million(gross)and,in May,we secured our third long-
5、term IP commercialisation partnership,with Plymouth University after a competitive tender process.We added a new spinout company in the financial year and since the year-end,have received new stakes in two spinout companies and one of our portfolio companies,Counterweight Limited,achieved its first
6、funding round.There has been an encouraging upturn in activity since the start of the new financial year and the number of strong opportunities in the pipeline of spinouts gives us the confidence that we shall continue to build on the foundations already established.We believe that Frontier IP is we