In accordance with market practice, certain balances with clients, Stock Exchange member firms and other counterparties totalling £286.0 million (31 December 2015: £250.0m, 30 June 2016: £555.5m) are included in trade payables. A circular to shareholders to convene the general meeting and giving more information about the Relevant Distributions will be sent to shareholders shortly. this site. 56 0 obj *  Shares bought on or after the ex-dividend date will not qualify for the dividend. endstream x��1�0@�ݧ���c����8@Q$XM��"hE��D���|j��$-�/�isDǘ2�e�bl����� �벾�\��$��,g�I��ۘI9z:��Gwg�D�� �C��& <> 5 0 obj ��q�s�~���( <>stream endobj endobj Total Vantage net revenue divided by the average value of assets under administration which includes the Portfolio Management Services assets under management held in funds on which a platform fee is charged. Market values have been used to determine the fair value of available-for-sale financial assets where there is a quoted market price. endobj endobj Further disclosures are published in the Pillar 3 document on the Group's website at, The principal risks and uncertainties which could impact the Group were detailed on pages 36 to 39 of the Group's Annual Report and Financial Statements 2016, a copy of which is available on the Group's website. x�+� � | endobj <>stream endstream endstream This has been used to better compare the net new business on a like-for-like basis. Skip to main content. Obtains access to the information in a personal capacity; This purchase option may be exercised at any time prior to 31 August 2021 provided that at the time of exercise Stuart Louden is an employee of a Hargreaves Lansdown Group Company and he has not at any time given notice to terminate such employment. A recording of the results presentation will be made available this morning at. endstream endobj Dividend per share is pertinent information to shareholders and investors and provides them with the ability to assess the dividend yield of the Hargreaves Lansdown plc shares. endstream <>stream The gross amount of trade receivables is £349.9 million and the gross amount of offset in the balance sheet with trade payables is £58.7 million. <>stream <> The client retains the beneficial interest in both these deposits and cash accounts and accordingly they are not included in the balance sheet of the Group. By clicking "I Agree" below, you acknowledge that you accept our. x��A�0����/u18Z*[�i�ۊm�x�D$o���gsz�(_���5� dֲ��w�WV���a��}Y߯[*Ü0Z�9%k9�ޱ�}�(���X���V�1�t �m~�� The Company has one class of ordinary shares which carry no right to fixed income. <>stream There are no balances where there is a legal right of offset but not a right of offset in accordance with accounting standards, and no collateral has been posted for the balances that have been offset. £1,554,000 (31 December 2015: £463,000, 30 June 2016: £730,000) of investments are classified as held at fair value through profit and loss and £264,000 (31 December 2015: £264,000, 30 June 2016: £264,000) are classified as available-for-sale. x�+� � | Despite macroeconomic uncertainties impacting investor confidence and net new business, clients continue to trust us with their money and benefit from our market-leading investment services. The carrying amount of these assets is approximately equal to their fair value. <>stream x�+� � | Despite the increased cash withdrawals post Brexit, client and asset retention remained steady at 94.7% and 93.5% respectively (H1 2016: 94.5% and 93.9%). Total revenue less commission payments which are primarily loyalty bonuses paid to Vantage clients. x�+� � | endstream endobj �h�Cu�./����_şRS�����!��z��u�I?x��P�GiO��D�B�c�߉��ҷbH�= Q�M�K��O\������D��Bi 4�����4\Yy.����%�9��a�=W���O5i?�i+x��C�k�@�}��-�z�wG,���S�2gE��@�����v$7��S�$��h���S�p���.ʞ�:y�@�"7�/��pbd��'��yS����()����O�h�ɟQ����*�����ݴ�3�歨a���ެeꪁ��"��D�q�>H:v��Rҁ}�Ƅ����*®V�(b[yA�P��Y��H�N�]��P�ga��md��b\�G������F��߈8X(�b�H�RQ��Yz���e��~���� �з8߮�T�2�A�(*�� nZ )g^oR.L�d�c��Bٿ����#���x0j��&^�P�n���d`��N! <> Amounts recognised as distributions to equity holders in the period: 2016 Second interim dividend of 16.30p per share, 2016 First interim dividend of 7.80p per share, 2015 Second interim dividend of 14.30p per share, 2015 Special dividend of 11.40p per share. At 31 December 2016 the value of such assets on the Group balance sheet was £193 million (at 31 December 2015: £182m). endobj 54 0 obj g�ʇ�罻I�|ަ����& x�+� � | 8 0 obj Financial instruments' fair value disclosure. endobj endobj endstream In addition to the amount charged to the income statement, certain tax amounts have been charged / (credited) directly to equity as follows: Deferred tax relating to share-based payments, Current tax relating to share-based payments. Vantage net revenue margin from shares (%). endstream The European Single Electronic Format is the electronic reporting format in which issuers on EU regulated markets shall prepare their annual financial reports from 1 January 2020, All annual financial reports shall be prepared in XHTML which can be opened with standard web browsers and can be prepared and displayed as intended by the issue. 44 0 obj Some of the cookies are essential for parts of the site to operate and have already been set. 13 0 obj g�ʇ�罻I�|ަ����� the condensed consolidated statement of financial position as at 31 December 2016; the condensed consolidated income statement and condensed consolidated statement of comprehensive income for the period then ended; the condensed consolidated statement of changes in equity for the period then ended; the condensed consolidated statement of cash flows for the period then ended; and. 59 0 obj 78 0 obj Where we still received commission on these pre RDR or "legacy funds" the vast majority was passed back to our clients in the form of a significantly higher loyalty bonus which was shown within commission payable in the income statement. Within the Interim Report and Condensed Financial Statements various Alternative Financial Performance Measures are referred to, which are non-GAAP (Generally Accepted Accounting Practice) measures. We believe recurring revenue provides greater profit resilience and hence it is of higher quality. <> As stated in Note 14, where we have a legal right of offset and the ability and intention to settle net, trade payable balances have been presented net. <>stream An end to end production platform for ESEF. From 1 April 2016 any renewal income received from fund management groups relating to legacy funds was passed back entirely to the client. <>/FirstChar 32/LastChar 114/Widths[278 0 0 0 0 0 0 0 0 0 0 0 0 333 0 0 556 556 556 556 556 556 556 556 556 556 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 722 0 0 0 0 944 0 0 0 0 0 0 0 0 0 556 611 556 611 556 333 611 0 278 0 0 278 0 611 611 0 0 389]>> <>stream 66 0 obj u�z�����|\r�e��Rr����2dN,����%u��q�s�~���( From 1 March 2014 revenue was increased as Hargreaves Lansdown earned both a new platform fee from clients and the existing renewal commission from the Fund Management Groups based on the value of funds held by clients. 69 0 obj As at 31 December 2016 the EBTs held, During the period the Board became aware of a technical issue in respect of a number of historic dividends paid by the Company. endobj Notes to the consolidated cash flow statement, 20. endobj <> endobj The Company has always filed its statutory annual accounts on time in accordance with the requirements of the Companies Act 2006 (and before that, the Companies Act 1985) (the "Acts"), and at all times had sufficient profits and other distributable reserves to justify the payment of dividends. Investments in equity instruments which do not have a quoted market price in an active market or whose fair value cannot be reliably measured are measured at cost. At the same time the loyalty bonus paid to clients was significantly increased on the pre-RDR funds to largely mitigate the impact of the new platform fee. <>stream endobj <> The content of our web pages is for general information purposes only and does not constitute advice. x��1�0�ݧ�#.Np�"q��H��GE@E��D�����g������cZ��H� ��?�>�ب��o�^��L��~.u|�F'f��rvC`��p��|h}޻����mz�)Q��c

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