International Public Partnerships Limited (INPP) 2019年年度报告「LSE」.pdf

1、2019Annual Report and Financial StatementsInternational Public PartnershipsAnnual Report and financial statements 2019OUR PURPOSE IS TO DELIVER LONG-TERM BENEFITS FOR ALL STAKEHOLDERS BY INVESTING RESPONSIBLY IN PUBLIC AND SOCIAL INFRASTRUCTURE.We aim to provide our investors with long-term,inflatio

2、n-linked returns,by growing our dividend and creating the potential for capital appreciation.We support all our stakeholders through responsible investment and active asset management,which meet societal and environmental requirements both now and into the future.COMPANY FACTS London Stock Exchange

3、trading code:INPP.L Member of the FTSE 250 and FTSE All-Share indices 2.7 billion market capitalisation at 31 December 2019 1,611 million shares in issue at 31 December 2019 Eligible for ISA/PEPs and SIPPs Guernsey incorporated company International Public Partnerships(the Company,INPP,the Group(whe

4、re including consolidated entities)shares are excluded 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 Partner

5、ships LimitedRegistered number:45241OVERVIEW01 Full-Year Financial Highlights02 Company OverviewSTRATEGIC REPORT04 Business Model06 Objectives and Performance08 Chairmans Letter12 Top 10 Investments14 Case Study BeNEX16 Operating Review19 Market Environment in 2019 and Future Opportunities22 Current

6、 Pipeline35 Responsible Investment44 Continuous Risk ManagementCORPORATE GOVERNANCE57 Summary of Investment Policy58 Board of Directors60 Corporate Governance Report68 Audit and Risk Committee Report71 Directors Report73 Directors Responsibilities StatementFINANCIAL STATEMENTS74 Independent Auditors