Business
Results for the year ended 30 June 2020
Results for the year ended 30 June 2020.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9288Z\n Hansard Global plc\n 24 September 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n 24 September 2020\n \n \n \n \n \n Hansard Global plc\n \n \n Results for the year ended 30 June 2020\n \n \n \n \n \n Resilient performance; dividend maintained\n \n \n \n \n \n \n \n \n Hansard Global plc (\"Hansard\" or \"the Group\"), the specialist long-term savings provider, issues its results for the year ended 30 June 2020 (\"FY 2020\"). \n \n \n \n \n \n Summary\n \n \n \n \n \n \n \n \n \n \n \n \n FY 2020\n \n \n \n \n FY 2019\n \n \n \n \n \n \n New business sales - PVNBP \n \n 1\n \n basis\n \n \n \n \n £159.8m\n \n \n \n \n £155.9m\n \n \n \n \n \n \n IFRS profit before tax\n \n \n \n \n £4.7m\n \n \n \n \n £4.6m\n \n \n \n \n \n \n Underlying profit\n \n \n \n \n £6.2m\n \n \n \n \n £6.1m\n \n \n \n \n \n \n Operating cash surplus\n \n \n \n \n £22.7m\n \n \n \n \n £20.6m\n \n \n \n \n \n \n Recommended final dividend per share \n \n 2\n \n \n \n \n \n 2.65p\n \n \n \n \n 2.65p\n \n \n \n \n \n \n IFRS earnings per share\n \n \n \n \n 3.2p\n \n \n \n \n 3.3p\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n As at\n \n \n \n \n 30 June\n \n \n \n \n 30 June\n \n \n \n \n \n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n \n \n Assets under Administration\n \n \n \n \n £1,081m\n \n \n \n \n £1,080m\n \n \n \n \n \n \n Value of In-Force \n \n 3\n \n \n \n \n \n £148m\n \n \n \n \n £145m\n \n \n \n \n \n \n \n \n \n \n 1\n \n \n Present Value of New Business Premiums\n \n \n \n 2\n \n Subject to approval at the AGM\n \n \n \n 3\n \n New b\n asis of calculation implemented in FY 2020 to reflect implementation of Group Solvency in the Isle of Man. The prior year comparative has been restated for consistency (previously £140m). \n \n \n \n \n \n \n \n \n \n \n \n Gordon Marr, Group Chief Executive Officer, commented:\n \n \n \"This has \n been a year of resilient progress given the challenges presented by Covid-19. After starting the first eight months of our financial year with strong new business growth, the impact of the global pandemic naturally dampened results in the latter part of the year. Despite this, new business, assets under administration and pr...