International Public Partnerships Limited (INPP) 2018年年度报告「LSE」.pdf

1、 2018Annual Report and Financial StatementsInternational Public Partnerships Annual Report and financial statements 2018OVERVIEW01 Full-Year Financial Highlights02 Company Overview04 Top 10 InvestmentsCHAIRMANS LETTER06 Chairmans LetterSTRATEGIC REPORT10 Business Model12 Performance Against Strategi

2、c Priorities14 Case Study Dudgeon OFTO16 Operating Review18 Current Market Environment and FutureOpportunities21 Current Pipeline34 Environmental,Social and Governance39 Risk ManagementCORPORATE GOVERNANCE50 Summary of Investment Policy52 Board of Directors54 Corporate Governance Report62 Audit and

3、Risk Committee Report66 Directors Report68 Directors Responsibilities StatementFINANCIAL STATEMENTS69 Independent Auditors Report to the Members of International Public Partnerships Limited75 Financial Statements79 Notes to the Financial Statements100 Key ContactsCOMPANY FACTS London Stock Exchange

4、trading code:INPP.L Member of the FTSE 250 and FTSE All-Share indices 2.3 billion market capitalisation at 31 December 2018 1,484 million shares in issue at 31 December 2018 Eligible for ISA/PEPs and SIPPs Guernsey incorporated company International Public Partnerships(the Company,INPP)shares are ex

5、cluded from the Financial Conduct Authoritys(FCA)restrictions,which apply to non-mainstream investment products,and can be recommended by independent financial advisers to their clientsWWW.INTERNATIONALPUBLICPARTNERSHIPS.COMInternational Public Partnerships LimitedRegistered number:45241Cover image:

6、Dudgeon Offshore Transmission Project(OFTO)photo credit to Equinor,photographer Jan Arne Wold.The image illustrates the Companys Dudgeon offshore substation,which was acquired in November 2018.The projects transmission cables link between the onshore and offshore substations.Inside front cover image