Contents
d
Information onlineInformation in this reportThis Annual report and accounts may contain certainstatements about the future outlook for 3iGroup plcand its subsidiaries (“3i”). Although we believe ourexpectations are based on reasonable assumptions, anystatements about the future outlook may be influencedby factors that could cause actual outcomes and resultsto be materially different.
Further information
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Directors’ reportDirectors’ remuneration reportAuditors’ reportFinancial statementsPortfolio and additional financialinformationInformation for shareholders
Introduction 01Group financial highlights 02Chairman’s statement033i at a glance04Chief Executive’s statement06Business reviewGroup business08Our strategy10Buyouts12Growth Capital16Directors’ remuneration report68Independent auditors’ report tothe members of 3i Group plc79Consolidated income statement80Statement of recognised incomeand expense81Reconciliation of movements in equity81Portfolio valuation –an explanation 106Ten largest investments108Forty other large investments109Assets under management1103i portfolio111Investment113Information for shareholders124Investor relations and general enquiries124Investor relations website – 3igroup.com125Business review continuedInfrastructure20Quoted Private Equity22Venture Capital24Financial review28Risk management38Corporate responsibility report44Board of Directors andManagement Committee54Directors’ report – statutory andcorporate governance information56Balance sheet82Cash flow statement83Significant accounting policies84Notes to the financial statements88Realisations115Private equity andventure capital – a lexicon116Returns and IRRs – an explanation118Carried interest – an explanation1203i and Transparency122