1、FASTFORWARD INNOVATIONS LIMITEDANNUAL REPORT AND AUDITED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2019FastForward Innovations Limited Contents Page No.Investing Policy 1 Chairmans Statement 2 Report of the Chief Executive Officer 3 Directors 9 Report of the Directors 11 Independent Auditors R
2、eport 16 Statement of Comprehensive Income 20 Statement of Financial Position 21 Statement of Changes in Equity 22 Statement of Cash Flows 23 Notes to the Financial Statements 24 Directors and Advisers 42 www.fstfwd.coIncorporated under the Companies(Guernsey)Law,2008,as amended.REGISTERED IN GUERNS
3、EY No.44403FastForward Innovations Limited Investing Policy For the year ended 31 March 2019 1 The Companys Investing Policy is to invest in and/or acquire companies with significant intellectual property rights which they are seeking to exploit,principally within the technology sector(including dig
4、ital and content focused businesses)and life sciences sectors(including biotech and pharmaceuticals).Initially,the geographical focus will be North America and Europe though investments may also be considered in other regions to the extent that the Board considers that valuable opportunities exist,a
5、nd positive returns can be achieved.In selecting investment opportunities,the Board will focus on businesses,assets and/or projects that are available at attractive valuations and hold opportunities to unlock embedded value.Where appropriate,the Board may seek to invest in businesses where it may in
6、fluence the business at a board level,provide expertise to the management of the business,and utilise its industry relationships and access to finance;as such investments are likely to be actively managed.The Companys interests in a proposed investment and/or acquisition may range from a minority po