Ashmore Emerging Markets Strategy Phase 3
Balance sheet
Ashmore
•
Capital resources of £823.3 million (1)
Consistent balance sheet structure
900
Excess regulatory capital of £667.4 million,
equivalent to 94p/share
800
700
No debt
600
500
400
.
Balance sheet remains highly liquid (76%)
£444.4 million cash & cash equivalents (2)
- £334.8 million seed capital, with c.60% of
funds with at least monthly dealing
frequency
300
200
100
0
2018
2019
■Cash excluding consolidated funds (£m)
III
Capital resources of £823.3 million (1)
2021
H1 2022
■Seed capital (market value, £m)
2020
•
FX exposure is predominantly USD
-
£3.0 million PBT sensitivity to 5c move in
GBP:USD
(1) Total equity less deductions for intangibles, goodwill, DAC, material holdings and interim ordinary dividend
(2) Excludes consolidated funds
444.4
Cash and cash
equivalents
667.4
Excess
capital
193.6
Seed capital
- liquid
Regulatory
141.2
- illiquid
155.9
capital
requirement
57.4
Other net assets
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