b"WelcomeOur vision is to be the first choicefor our investors, investees and our employeesThe momentum of growthneeds finance that flexeswith progress.ContentsStrategic report Governance02The first choice for ambitious58Board of Directorsbusinesses 60Directors report04The first choice for regional growth 62Statement of Directors 06The first choice for empowered people responsibilities08At a glance 63Corporate governance report10Non-executive Chairs statement 68Remuneration report12Our strategy Financial statements14Chief Executive Officers review18Responsible business 73Independent auditor's report26Our business model 80Financial statements and notes28Chief Investment Officers review Other information34Our portfolio: Discovering118Directors, secretary and advisersopportunities 119Notice of Annual General Meeting36Our portfolio: Diversified investment38Our portfolio: Realising ambitions40Our portfolio: Building businesses42Our portfolio: Flexible finance44Chief Financial Officers review52Principal risks and uncertainties"