1、Registered number:45241International Public Partnerships LimitedInternational Public Partnerships Limited Annual Report 2010Annual Report 2010InternatIonal publIc partnershIps lImItedSummary 01Financial Highlights 02Portfolio Interests 03Business ReviewLetter from the Board 06Investment Advisors Rep
2、ort 11Investment Policy 21Management&GovernanceBoard of Directors 26Directors Report 28Corporate Governance Report 32Audit Committee Report 36 Financial StatementsDirectors responsibilities statement 38Independent Auditors Report to the Members of International Public Partnerships Limited 39Consolid
3、ated Income Statement 40Consolidated Statement of Comprehensive Income 41Consolidated Statement of Changes in Equity 42Consolidated Balance Sheet 43Consolidated Cash Flow Statement 45Notes to the Consolidated Financial Statements 46Directors and Advisors 97ANNuAL REPoRt AND FINANCIAL StAtEMENtS FoR
4、tHE yEAR ENDED 31 DECEMBER 2010Cautionary Statement the Pages 6 to 38 of this report including the Letter from the Board and Investment Advisors Report(the“Review Section”)have been prepared solely to provide additional information to shareholders to assess the Groups strategies and the potential fo
5、r those strategies to succeed.these should not be relied on by any other party or for any other purpose.the Review Section may include statements that are,or may be deemed to be,forward-looking statements.these forward-looking statements can be identified by the use of forward-looking terminology,in
6、cluding the terms believes,estimates,anticipates,expects,intends,may,will or should or,in each case,their negative or other variations or comparable terminology.these forward-looking statements include all matters that are not historical facts.they appear in a number of places throughout this docume