1、Building outstanding businessesIP Group plc Annual Report and Accounts 2012Latest news,share price and other investor information can be found at IP Group plc Annual Report and Accounts 2012IP Group plc develops intellectual property-based businesses.Our strategy is to systematically build outstandi
2、ng businesses based on disruptive intellectual property.We provide capital to portfolio companies from our balance sheet and also from funds that we manage on behalf of others.We pioneered the concept of a long-term partnership model with UK universities and now have arrangements covering a number o
3、f the countrys leading research-intensive universities.About IP GroupIFC About us 01 Highlights 02 How we work 04 Our strategy 06 Our portfolio at a glance 08 Chairmans statement Business review 10 Chief Executives statement 12 Portfolio review 21 Finance review 24 Risk management 26 Corporate socia
4、l responsibilityCorporate governance 30 Board of Directors 32 Corporate Governance 40 Report of the Audit Committee 42 Directors Remuneration Report 50 Directors report 52 Directors responsibilitiesFinancial statements 54 Independent auditors report 55 Consolidated statement of comprehensive income
5、56 Consolidated statement of financial position 57 Consolidated statement of cash flows 58 Consolidated statement of changes in equity 59 Notes to the consolidated financial statements 81 Company balance sheet 82 Notes to the financial statements IBC Directors,secretary and advisers to the GroupOur
6、aims To identify compelling intellectual property-based opportunities in our key target sectors To develop these opportunities into a diversified portfolio of robust businesses To grow our assets and those we manage on behalf of third parties To provide our shareholders with quoted access to potenti