Key financial highlights

KPIs Year
ended
31 Mar 17
Year
ended
31 Mar 16
Year
ended
31 Mar 15
AUME1 - US Dollars $58.2bn $52.9bn $54.7bn
Client numbers 59 58 55
Management fees £22.7m £20.9m £20.3m
Operating profit margin (underlying2) 34% 33% 35%
Basic earning per share 2.91 pence 2.55 pence 2.66 pence
Ordinary dividend per share 2.00 pence 1.65 pence 1.65 pence
Special dividend per share 0.91 pence nil pence nil 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 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.