ANNUAL REPORT
2023
CONTENTS | |
Contents | |
Financial Highlights | 2 |
Five Year Financial Summary | 4 |
Executive Chairman's Report | 5 |
Directors' Report | 12 |
Auditor's Independence Declaration | 24 |
Consolidated Statement of Comprehensive Income | 26 |
Consolidated Statement of Financial Position | 27 |
Consolidated Statement of Changes in Equity | 28 |
Consolidated Statement of Cash Flows | 29 |
Notes to the Financial Statements | 30 |
Directors' Declaration | 71 |
Independent Auditor's Report to the Members | 72 |
Shareholder Information | 77 |
Corporate Directory | 79 |
Financial Adviser Office Locations | 80 |
Annual Report 2023 1
Financial Highlights
For 2023
Fund Performance | ||||
3 yrs | 5 yrs | 7 yrs | 10 yrs | |
Cap Stable | 46/103 | 24/94 | 14/90 | 8/84 |
Balanced | 94/168 | 49/158 | 22/150 | 6/142 |
Growth | 33/168 | 20/158 | 2/150 | 2/142 |
Ultra Growth | 109/120 | 101/113 | 73/106 | 8/94 |
Flagship funds performance ranking for three, five, seven and ten years to 30 June 2023 against all funds in the Morningstar survey.
FUMAA* | ||
$12.3b | 13% increase from $10.9b at 30 June 2022 | |
Revenue | UEBITDA* | UNPAT* |
Statutory NPAT | Dividends | Net Inflows* |
$12.3m | 30.30c per share | $364m |
Financial Advisers | Offices | |
Aligned Advisers & | Offices across | |
80 Associates | 45 Australia |
- (UEBITDA) - Underlying Earnings Before Interest Tax Depreciation Amortisation, no AASB 16 adjustment on lease rent and interest on lease liability (UNPAT) - Underlying Net Profit After Tax, no AASB 16 adjustment on lease rent and interest on lease liability
(FUMAA) - Funds Under Management, Administration and Advice Net Inflows - Includes $100m from Auxilium and badges
Revenue | Underlying EBITDA | Underlying NPAT | ||||||||||||
($ million) | ($ million) | ($ million) | ||||||||||||
49.4 | 54.9 | 58.8 | 69.5 | 73.3 | 16.1 | 17.5 | 19.2 | 21.8 | 20.9 | 12.0 | 12.7 | 14.1 | 15.7 | 15.1 |
2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 |
Dividends | Share Price - 30 June | EPS based on UNPAT |
(cents) | Closing | (cents) |
30.3 | ($) | 7.29 | 49.9 | |||||||||||
22.3 | 23.0 | 26.9 | 29.7 | 5.16 | 5.00 | 6.70 | 5.82 | 38.3 | 40.5 | 44.9 | 48.0 | |||
2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 |