International Public Partnerships Limited (INPP) 2017年年度报告「LSE」.pdf

1、Annual Report and Financial Statements2017International Public Partnerships Annual Report and financial statements 2017OVERVIEW01 Highlights02 Company Overview04 Top 10 InvestmentsCHAIRMANS LETTER05 Chairmans LetterSTRATEGIC REPORT08 Business Model10 Performance Against Strategic Priorities12 Case S

2、tudy14 Operating Review16 Current Market Environment and FutureOpportunities19 Current Pipeline31 Risk ManagementCORPORATE GOVERNANCE42 Corporate Social and Environmental Responsibility45 Summary of Investment Policy46 Board of Directors48 Corporate Governance Report56 Audit and Risk Committee Repor

3、t60 Directors Report62 Directors Responsibilities StatementFINANCIAL STATEMENTS63 Independent Auditors Report to the Members of International Public Partnerships Limited68 Financial Statements72 Notes to the Financial StatementsCOMPANY FACTS London Stock Exchange trading code:INPP.L Member of the FT

4、SE 250 and FTSE All-Share indices 2.2 billion market capitalisation at 31 December 2017 1,405 million shares in issue at 31 December 2017 Eligible for ISA/PEPs and SIPPs International Public Partnerships(the Company,INPP)shares are excluded from the Financial Conduct Authoritys(FCA)restrictions,whic

5、h 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:Cadent(Gas Distribution Network),Manchester,U.K.Inside front cover

6、 image:Chambers Wharf,Thames Tideway Tunnel Project,London,U.K.01International Public Partnerships Annual Report and financial statements 2017HIGHLIGHTSWe aim to provide our investors with sustainable,long-term and inflation-linked returns.We expect to do this through growing our dividend and by cre