Emerging Markets Strategic Initiatives
Financial results
Balance sheet
Ashmore
•
Capital resources of £765.1 million (1)
Consistent balance sheet structure
900
Excess regulatory capital of £609.2 million,
equivalent to 85p/share
800
700
600
•
Pillar II regulatory capital requirement of
£155.9 million
500
400
300
Increased 6% due to higher market
exposures
200
100
0
•
Balance sheet remains highly liquid (80%)
£445.7 million cash & cash equivalents (2)
2017
2018
2019
2020
2021
■Cash excluding consolidated funds (£m)
■Seed capital (market value, £m)
£336.8 million seed capital, 2/3rds in funds FX exposure: cash (2) & seed capital
with at least monthly dealing frequency
•
FX exposure is predominantly USD
-
GBP:USD rate moved from 1.2356 to
1.3815 over year
£3.0 million PBT sensitivity to 5c move in
GBP:USD
Other
currencies
11%
Sterling
11%
(1) Total equity less deductions for intangibles, goodwill, DAC, material holdings and final ordinary dividend
(2) Excludes consolidated funds. See Appendix for reconciliation to statutory consolidated cash flow statement
Capital resources of £765.1 million (1)
609.2 Excess
capital
Cash and
445.7 cash
equivalents
Seed capital
217.7-liquid
US dollar
78%
155.9
Regulatory
capital
requirement
119.1
48.1
- illiquid
Other net
assets
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