1、IdentifyCreateGrowIP Group plc Annual Report and Accounts 2011IP Group plc develops intellectual property-based businesses.Our strategy is to systematically build outstanding businesses based on intellectual property.We provide capital to portfolio companies from our balance sheet and also from fund
2、s that we manage on behalf of others.We pioneered the concept of a long-term partnership model with UK universities and we now have arrangements covering twelve of the countrys leading universities.Our aims To identify compelling intellectual property-based opportunities in our key target sectors To
3、 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 potentially high growth technology companiesContentsIFC About us 01 Highlights 02 How we work Business mo
4、del 04 Our portfolio at a glance Summary by sector 06 Chairmans statement Business review 08 Chief Executives statement 10 Portfolio review 20 Financial review 24 Risk management 26 Corporate Social Responsibility 30 Board of Directors 32 Directors report 35 Directors Remuneration Report 41 Corporat
5、e Governance 49 Independent auditors report 50 Consolidated statement of comprehensive income 51 Consolidated statement of financial position 52 Consolidated statement of cash flows 53 Consolidated statement of changes in equity 54 Notes to the consolidated financial statements 77 Company balance sh
6、eet 78 Notes to the financial statements IBC Directors,secretary and advisers to the Group Discover more about our business model on page 02 Corporate governanceBusiness reviewFinancial statementsAbout IP GroupCorporate governanceBusiness reviewFinancial statementsDisclaimer:This Annual Report and A