Futura Medical
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Annual Report & Accounts 2007 - Contents
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Futura Medical plc ("Futura") develops innovative products for the consumer healthcare market. Our vision is to leverage our skills and expertise to bring to market some of the world's most innovative consumer healthcare products. The Company's strategy is to out-license manufacture and distribution to major pharmaceutical and healthcare groups. Futura is developing a portfolio of products in sexual healthcare and pain relief management and is evaluating further therapeutic opportunities as potential additions to its growing pipeline. Futura is based at The Surrey Research Park, Guildford, Surrey, and its shares trade on the AIM market of the London Stock Exchange. Company Overview 1 Highlights 2 Futura at a Glance 3 Product Pipeline 4 Chairman's Statement 5 Directors' Report: Chief Executive's Review 9 Directors' Report: Financial Review 13 Directors 14 Directors' Report: Business Overview 18 Directors' Report: Corporate Governance 22 Directors' Report: Remuneration Report 27 Directors' Report: Statement of Responsibilities 28 Independent Auditor's Report 30 Consolidated Income Statement 30 Consolidated Statement of Changes in Equity 31 Consolidated Balance Sheet 32 Consolidated Cash Flow Statement 33 Notes to the Consolidated Financial Statements 51 Parent Company Balance Sheet 52 Notes to the Parent Company Financial Statements 54 Company Information Contents