Mercia Asset Management PLC (MERC) 2017年年度报告「LSE」.pdf

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1、merciatechnologiesRealising commercial opportunitiesAnnual Report and Accounts 2017Introduction&highlightsMercia Technologies is focused on the creation/identification,funding and scaling of innovative technology businesses with high growth potential from the UK regions.Visit us onlineFor up-to-date

2、 information on our investments please visit:www.merciatech.co.ukStrategic report 1 Introduction&highlights 4 At a glance 6 Non-executive Chairs statement 8 Market overview12 Business model14 Strategic priorities15 Strategy in action19 Key performance indicators 22 Chief Executive Officers review24

3、Chief Investment Officers review28 Portfolio update42 Chief Financial Officers review47 Risk management51 Corporate and social responsibilityGovernance52 Board of Directors54 Senior management team56 Directors report57 Statement of Directors responsibilities58 Corporate governance report60 Remunerat

4、ion reportFinancial statements64 Independent auditors report65 Consolidated statement of comprehensive income66 Consolidated balance sheet67 Consolidated cash flow statement68 Consolidated statement of changes in equity69 Notes to the consolidated financial statements86 Company balance sheet87 Compa

5、ny statement of changes in equity88 Notes to the company financial statementsOther information93 Directors,secretary and advisers94 Notice of Annual General Meeting1Mercia Technologies PLC Annual Report and Accounts 2017Other informationGovernanceStrategic reportFinancial statementsThe Fibonacci seq

6、uenceThe Fibonacci is natures numbering system.Nature has taken millions of years to evolve in an efficient manner and the end result is often explained by the Fibonacci sequence.The sequence is a perfect way of illustrating patience in technology investing and is the essence of Mercias Model.Portfo