Key financial highlights

KPIs Six months
ended
30 Sep 17
Six months
ended
30 Sep 16
Year
ended
31 Mar 17
AUME1 - US Dollars $61.2bn $55.0bn $58.2
Client numbers 59 61 59
Management fees £12.0m £10.6m £22.7m
Operating profit margin2 31% 33% 34%
Basic earning per share 1.55 pence 1.33 pence 2.91 pence
Ordinary dividend per share 1.15 pence 0.825 pence 2.00 pence
Special dividend per share nil pence nil pence 0.91 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 Annual results announcement for the year ended 31 March 2017.


2 Operating profit margin data for comparative periods has been restated. An explanation of the restatement and their impact is provided in the interim results announcement for the six months ended 30 September 2017 (see note 13 to the financial statements). The restatement had no impact on profit attributable to owners of the parent, nor on earnings per share. The restated operating profit margin is the same as "underlying operating profit margin" as disclosed in earlier results announcements.