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1、InfraStrata plc2012 Annual Report&Financial StatementsContentsChairmans statementChief Executives operating review-Corporate and social responsibilityDirectors,secretary,advisors and shareholder informationReport of the Directors-Directors of the Company-Corporate governance-Directors reponsibilitie
2、sIndependent auditors reportFinancial statements and notes-Consolidated statement of comprehensive income-Consolidated statement of financial position-Company statement of financial position-Consolidated statement of changes in equity-Company statement of changes in equity-Consolidated statement of
3、cash flows-Company statement of cash flows-Notes to the financial statementsLetter from the Chairman with Notice of AGMNotes to Proxy formProxy form34-78910-1415-1616-1819202122232425262728-5354-55565702InfraStrata plcChairmans statementThe past few years have been challenging and in response to a f
4、undamental shift in market conditions,I am pleased to report that we have worked successfully to reposition the business and identify routes to build significant shareholder value within a realistic timeframe.We have made considerable progress on our exploration projects and we have advanced the Isl
5、andmagee gas storage project through to successful receipt of planning approval.Chronologically,your company was created on the back of a single large gas storage project based at Portland in Dorset and our difficulties in securing funding or otherwise realising value from the project have been well
6、 documented during an unprecedented shift in the fundamental economics and markets for seasonal gas storage facilities.In seeking to broaden our base we have embraced a smaller,more flexible and commercially attractive gas storage project,at Islandmagee in Northern Ireland.In addition to being able