Frontier Ip Group (FIPP) 2021年年度报告「LSE」.pdf

1、Annual Report and Financial Statements2021EDINBURGH93 George Street Edinburgh EH2 3ESCAMBRIDGE Wellington House East Road Cambridge CB1 1BHLONDON 70 Gracechurch Street London EC3V 0HRLISBONRua Alfredo Guisado No 39,Sala 11 1500-030 Lisbon Portugalwww.frontierip.co.ukFrontier IP aims to create high v

2、alue businesses from intellectual property developed by universities,academics,scientists and engineers.OVERVIEW1 Highlights3 Our Business7 Our Portfolio:five companies and a project to watch10 Chairmans StatementSTRATEGIC REPORT14 Chief Executive Officers Statement16 Key Performance Indicators17 Fr

3、ontier IP and the United Nations Sustainable Development Goals19 Operational Review20 Portfolio Review26 Financial Review27 Key Risks and Challenges affecting the GroupOUR GOVERNANCE29 Board of Directors33 Committees of the Board35 Audit Committee Report36 Corporate Governance41 Advisers42 Directors

4、 Report44 Statement of Directors Responsibilities45 Independent Auditors Report to the members of Frontier IP Group plcOUR FINANCIALS54 Consolidated Statement of Comprehensive Income55 Consolidated Statement of Financial Position56 Company Statement of Financial Position57 Consolidated and Company S

5、tatements of Changes in Equity58 Consolidated and Company Statements of Cash Flows59 Accounting Policies63 Notes to the Financial StatementsCOMPANY INFORMATION81 Five Year Record 1 FRONTIER IP GROUP PLC|Annual Report 2021|OVERVIEWHighlights Financial2021Profit before tax increased by 145%to10,242,00

6、0 4,184,000“Frontier IP and its portfolio companies made excellent progress during the year to June 2021.The results are exceptional.”Andrew Richmond|ChairmanFair value of our equity portfolio increased by 64%to31,982,000 19,444,00020202021Reflecting the net unrealised profit on the revaluation of i