Key financial highlights

KPIs Half year
ended
30 Sep 16
Half year
ended
31 Mar 16
Half year
ended
30 Sep 15
AUME1 - US Dollars $55.0bn $52.9bn $52.4bn
Client numbers 61 58 54
Management fees £10.6m £9.9m £11.0m
Operating profit margin (underlying2) 33% 32% 33%
Basic earning per share 1.33 pence 1.19 pence 1.36 pence

 

 

1 As a currency manager Record manages only the impact of foreign exchange and not the underlying assets, therefore its “assets under management” are notional rather than real. To distinguish this from the AUM of conventional asset managers, Record uses the concept of assets under management equivalents “AUME” and by convention this is quoted in US dollars.
The basis for calculation of AUME for Multi-product mandates has been revised to give a clearer link between AUME, fee rates and management fees. AUME has been restated for all periods presented above. More detail is available in the Interim results announcement for the six months ended 30 September 2016.


2 Underlying figures are stated before consolidating non-controlling interests in seed funds, and reflect internal management reporting of the revenues and costs driving future cashflows of the business.