Tatton Asset Management (TAM) 2020年年度报告「LSE」.pdf

1、Investment evolvedAnnual Report and Accounts 2020INVESTMENT EVOLVEDTatton Asset Management plc has achieved a third successive year of growth in revenue,profits and assets under management(“AUM”)since IPO.Over the three-year period,AUM has increased by 70%from 3.9bn to 6.7bn.We are proud to be worki

2、ng with 595 IFA firms,which has doubled over the same period.ContentsStrategic Report01 Highlights02 At a glance04 Chairmans Statement06 Chief Executives Review10 Chief Investment Officers Report12 Engaging with our stakeholders14 Our market share and trends16 Our business model18 Our strategy for g

3、rowth26 Key Performance Indicators28 Risk management29 Risk management processes30 Principal risks32 Chief Financial Officers Report34 Corporate ResponsibilityCorporate Governance36 Board of Directors38 Corporate Governance Statement40 Directors Remuneration Report43 Directors Report47 Independent A

4、uditors ReportFinancial Statements53 Consolidated Statement of Total Comprehensive Income54 Consolidated Statement of Financial Position55 Consolidated Statement of Changes in Equity56 Consolidated Statement of Cash Flows57 Notes to the Consolidated Financial Statements92 Company Statement of Financ

5、ial Position93 Company Statement of Changes in Equity94 Notes to the Company Financial StatementsFinancialsGroup revenue21.369m+22.0%Profit before tax10.296m+68.5%Adjusted Operating Profit9.076m+24.2%Proposed final dividend6.4p+14.3%Adjusted EPS12.00p+19.8%AUM6.651bn+9.6%FINANCIAL Group revenue incr

6、eased 22.0%to 21.369m(2019:17.518m)Adjusted Operating Profit*up 24.2%to 9.076m(2019:7.308m)Adjusted Operating Profit*margin increased to 42.5%(2019:41.7%)Operating Profit increased to 10.302m(2019:5.925m)Profit before tax increased to 10.296m(2019:6.112m)Final dividend increased by 14.3%to 6.4p(2019