15 December 2011, Sydney - Challenger Limited (ASX:CGF) today released a pro-forma template for the presentation of its financial results for its Funds Management division.
Following the release on 21 October of a template providing historical information for Assets and Funds Under Management (AUM) under a revised format, the attached pro-forma template provides an historical breakdown of net income for Funds Management's two key earnings drivers being Boutique Partnerships and Aligned & Other Investments for financial years 2011 and 2010.
The first period of reporting under the revised format will be for the six months ended 31 December
2011 (1H12) which will be announced on 20 February 2012.
Ends
Further enquiry: Suzanne Evans, Head of Investor Relations, Challenger Limited. 02 9994 7125
Stuart Barton, General Manager Corporate Marketing & Communications, Challenger Limited. 02 9994 7008
Challenger Limited A.B.N 85 106 842 371
Funds Management - Detailed Management Financials
$m 2011 2010 2H 11 1H 11 2H 10 1H 10 Boutique Partnerships
Boutique Income 1 22.0 6.6 11.9 10.1 4.1 2.5
Equity Accounted Profits 2 7.5 0.8 5.2 2.3 0.7
0.1
Net management fees 48.9 73.7 19.3 29.6 37.9 35.8
Transaction and Performance fees 10.0 20.9 7.5 2.5 10.8 10.1
Personnel expenses (46.1) (60.2) (22.5) (23.6) (30.9) (29.3) Other expenses (22.2) (24.5) (10.6) (11.6) (13.4) (11.0)
Total Expenses (68.3) (84.7) (33.1) (35.2) (44.3) (40.3) Net profit/(loss) before tax 20.1 17.3 10.8 9.3 9.2 8.2 Performance Analysis
Cost to income ratio 77.3% 83.1% 75.4% 79.2% 82.9% 83.2%
Opening Net Assets ($m) 111.0 93.2 111.0 111.0 93.2 93.2
Normalised RONA 18.1% 18.5% 19.6% 16.7% 19.6% 17.5%
Spot FUM - Boutique Partnerships ($m) 14,848.1 6,976.7
14,848.1 12,697.8 6,976.7 4,033.4
Spot FUM - Aligned and Other ($m) 8,759.5 13,244.0 8,759.5
9,166.3 13,244.0 15,190.5
Average FUM - Boutique Partnerships ($m) 3
12,271.4 3,863.9 13,795.5 10,808.2 4,889.8 2,827.6
Average FUM - Aligned and Other ($m) 3 9,611.4
14,421.2 8,841.8 10,317.4 14,197.8 14,739.5
Boutique Partnerships 24 19 25 23 20 18
Aligned and Other 61 66 61 62 69 62
Net flows 2,397.0 3,831.0 1,324.0 1,073.0 2,006.0 1,825.0
Distributions (267.5) (188.3) (164.3) (103.2) (109.0) (79.3)
Market linked movement 1,241.0 533.0 372.5 868.5 (900.9)
1,433.9
1 Boutique Income includes distribution, administration and trustee fees.
2 Equity Accounted Profits represents Challenger's share of pre tax earnings.
3 Average Funds Under Management calculated on a monthly basis.
4 Margin (bps) represents Total Net Income/average FUM.
distribué par | Ce noodl a été diffusé par Challenger Infrastructure Fund et initialement mise en ligne sur le site http://www.challenger.com.au/listed/cif/cif.asp. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-12-15 07:59:58 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Pro-forma template - Boutique, Aligned & Other Management View |