1、Job No:14494Proof Event:6Black Line Level:1Park Communications Ltd Alpine Way London E6 6LACustomer:CavendishProject Title:Impax Environ Markets R&A 2012T:0207 055 6500 F:020 7055 6600Impax Environmental Markets plcAnnual Report and Accounts 2012Job No:14494Proof Event:6Black Line Level:1Park Commun
2、ications Ltd Alpine Way London E6 6LACustomer:CavendishProject Title:Impax Environ Markets R&A 2012T:0207 055 6500 F:020 7055 6600The Companys objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy,water and waste.Inv
3、estments are made predominantly in quoted companies which provide,utilise,implement or advise upon technology-based systems,products or services in environmental markets,particularly those of alternative energy and energy efficiency,water treatment and pollution control,and waste technology and reso
4、urce management.ContentsFinancial Information Summary 1Chairmans Statement 2Managers Report 4 Structure of the Portfolio 7Ten Largest Investments 8Details of Individual Holdings 10Directors Report 11Corporate Governance 16Directors Remuneration Report 20Statement of Directors Responsibilities 21Inde
5、pendent Auditors Report 22Income Statement 23Balance Sheet 24Reconciliation of Movements in Shareholders Funds 25Cash Flow Statement 26Notes to the Accounts 27Financial Record and Calendar 36Directors,Manager and Advisers 37Notice of Meeting 38Impax Environmental Markets plcAnnual Report 201212012 R
6、eviewJob No:14494Proof Event:6Black Line Level:1Park Communications Ltd Alpine Way London E6 6LACustomer:CavendishProject Title:Impax Environ Markets R&A 2012T:0207 055 6500 F:020 7055 6600Financial Information Summary At 31 At 31 December 2012 December 2011%changeNet assets 341.2m 344.8m-1.0%Number