IP Group Plc (IPO) 2004年年度报告「LSE」.pdf

1、IP2IPO Group plcAnnual Report and AccountsFor the financial year ended 31 December 2004ContentsHighlights1Chairmans Statement2Chief Executive Officers Review3Biographical Notes5Directors Report6Remuneration Report8Corporate Governance11Independent Auditors Report14Consolidated Profit and Loss Accoun

2、t15Consolidated Balance Sheet16Company Balance Sheet17Consolidated Cash Flow Statement18Notes to the Financial Statements 19Directors,Secretary and Advisors to the Company35IP2IPOs business is to generatecommercial value from IP created by its university partners.Successful flotation of three portfo

3、lio companies during 2004(2003:nil).Realisation from the sale of shares in a spin out company of 924,000(2003:nil).Market value of shares in quoted companies at year end of 24 million(2003:nil).Revenues increased to 1,183,000(2003:222,000).First full year profit after tax of 322,000(2003:loss of 583

4、,000).Cash balance of 34.8 million(2003:38.2 million).Acquisition of Top Technology Ventures Limited in June 2004.Six new spin out companies formed in 2004 IP2IPO received stakes ineach company.Acquired 19.9%of share capital of Techtran Group Limited in July 2004.Acquired remaining share capital of

5、Techtran Group Limited in January 2005.Highlights1IP2IPO Group plcAnnual Report and Accounts for the year ended 31 December 2004Chairmans StatementGraham RichardsYour Companys business is focused on thecommercialisation of intellectual property from UKuniversities.Its business model is based on ente

6、ring intolong-term partnerships with universities and through these,IP2IPO assists its university partners to realise value fromtheir intellectual property assets.In return,IP2IPO hassecured the right to significant interests in university spinout companies and technology licences.At the end of 2004