Intermediate Capital Group plc (ICP) 1998年年度报告「LSE」.pdf

1、INTERMEDIATE CAPITAL GROUP PLC?AnnualReport&AccountsFor the year to 31 January 1998Intermediate Capital Group PLCRepresentative office62-63 Threadneedle Street133 Boulevard HaussmannLondon EC2R 8HE75008 ParisTelephone 0171-628 9898Telephone 00 331 4495 8686Facsimile 0171-628 2268Facsimile 00 331 449

2、5 8687A Member of IMRO2 Intermediate Capital Group PLC1Highlights 2Chairmans Statement 5Business and Financial Review 14Directors and Management15Directors Report 17Corporate Governance 18Report of the Remuneration Committee 20Statement of Directors Responsibilities 21Auditors Report 22Consolidated

3、Profit and Loss Account23Balance Sheets24Consolidated Cash Flow Statement 25Notes to the Accounts 35Notice of Meeting 36Company Information Mezzanine ranks in terms of risk and reward between bankdebt and equity capital and seeks a strong cash yield and an additional return related to the success of

4、 the investeecompany,usually in the form of a capital gain.Mezzanine has been principally used to help financebuyouts but is increasingly used as expansion and acquisitioncapital and to finance capital reorganisations.ICG is the leading specialist provider of mezzanine in theUnited Kingdom and Conti

5、nental Western Europe.1998 Highlights Pre-tax profits up 12%to 22.6m(1997 20.2m)Earnings per share up 14%Core income up 13%to 15.3m(1997 13.5m)Proposed final dividend of 12.0p net per sharemaking 17.4p per share for the year,a 13%increase A record 130m of new loans The loan book increased to 320m(19

6、97 250m)Further growth in fund management activitiesUnited Kingdom320mFrance130mSweden34mItaly22mGermany35mSpain6mPortugal6mSwitzerland5mDenmark4mNetherlands38mRight ICG has invested600m in 96 companiesin the UK andContinental Europesince the companystarted in 19891 Intermediate Capital GroupChairma