Business
Quilter plc - 2023 Full Year Results Part 2
Quilter plc - 2023 Full Year Results Part 2.
About this update from Quilter Plc
[{"type":"text","content":"\n\nStatement of Directors' responsibilities\nin respect of the preliminary announcement of the Annual Report and the financial statements\nThe Directors confirm to the best of their knowledge:\n· The results in this preliminary announcement have been taken from the Group's 2023 Annual Report, which will be available on the Company's website on 22 March 2024; and\n· The financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group.\n \nSigned on behalf of the Board\n \n \n \nSteven Levin Mark Satchel Chief Executive Officer Chief Financial Officer\n6 March 2024\n \n \n \n \n \n \n \n\n\n\n\n\nConsolidated statement of comprehensive income\n\n\n\n\nFor the year ended 31 December 2023\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n£m\n\n\n\n\n \n\n\nNotes\n\n\nYear ended\n31 December\n2023\n\n\nYear ended\n31 December\n2022\n\n\n\n\nIncome\n\n\n\n\n\n\n\n\n\n\n\n\n\nFee income and other income from service activities\n\n\n\n\n\n542\n\n\n581\n\n\n\n\nInvestment return\n\n\n\n\n\n4,075\n\n\n(4,649)\n\n\n\n\nOther income\n\n\n\n\n\n9\n\n\n28\n\n\n\n\nTotal income\n\n\n\n\n\n4,626\n\n\n(4,040)\n\n\n\n\nExpenses\n\n\n\n\n\n \n\n\n\n\n\n\n\nChange in investment contract liabilities\n\n\n15\n\n\n(3,313)\n\n\n4,318\n\n\n\n\nFee and commission expenses, and other acquisition costs\n\n\n\n\n\n(49)\n\n\n(54)\n\n\n\n\nChange in third-party interests in consolidated funds\n\n\n\n\n\n(579)\n\n\n438\n\n\n\n\nOther operating and administrative expenses\n\n\n\n\n\n(575)\n\n\n(584)\n\n\n\n\nFinance costs\n\n\n\n\n\n(22)\n\n\n(13)\n\n\n\n\nTotal expenses\n\n\n\n\n\n(4,538)\n\n\n4,105\n\n\n\n\nProfit before tax\n\n\n\n\n\n88\n\n\n65\n\n\n\n\nTax (expense)/credit attributable to policyholder returns\n\n\n7(a)\n\n\n(76)\n\n\n134\n\n\n\n\nProfit before tax attributable to shareholder returns\n\n\n\n\n\n12\n\n\n199\n\n\n\n\n Income tax (expense...