1、For a future made possible by science.IP GROUP PLCANNUAL REPORT&ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023REGISTRATION NUMBER:04204490 STOCK CODE:IPOCONTENTS.BUSINESS OVERVIEWHighlights 01At a glance 04STRATEGIC REPORTChairs statement 06CEO review 08Business model 10Market environment 12Strategic
2、progress 17A culture that contributes to 19 our purposePortfolio review 21CFOO review 31Key performance indicators 36Meaningful impact 38Task Force on Climate-related 46 Financial DisclosuresRisk management 60Working with the Groups stakeholders 74OUR GOVERNANCEGovernance at a glance 86Board of Dire
3、ctors 88Corporate governance framework 92Corporate governance statement 93Nomination Committee Report 102Directors Remuneration Report 111Audit and Risk Committee Report 129Directors Report 137Statement of Directors responsibilities 140OUR FINANCIALSIndependent auditors report 141Consolidated statem
4、ent of 152 comprehensive incomeNotes to the consolidated 156 financial statementsCompany balance sheet 204Notes to the Company 206 financial statementsCompany information IBCAt IP Group,we understand science.We understand its impact today and its potential to shape the future.With more than 20 years
5、 experience evolving great ideas into world-changing businesses,we also understand that progress takes patience.That is why we choose partners with purpose,who,like us,are committed to impacting the worlds greatest unmet needs.Together,we accelerate the impact of science to transform ideas into impa
6、ct,at scale.We see a future transformed by human ingenuity.And we look to make it happen by spotting the opportunities others miss.We are one of the most active investors in university and other research-based companies in the world,with a proven track record in backing and nurturing science and tec