Key financial data
Key Financial Data
For management and reporting purposes, Hargreaves Lansdown's operations are divided into the following three business units: Vantage, Discretionary and Third Party/Other Services. These are described further in the Business Units section.
In the financial year ended 30 June 2009, the contribution of each of the business units to Group revenue was as follows:
| 30 June 2009 £m |
% of Group % |
|
|---|---|---|
| Total | 132.8 | 100.0 |
| Vantage | 87.5 | 65.9 |
| Discretionary | 19.3 | 14.5 |
| Third Party / Other services | 26.0 | 19.6 |
Summary assets under administration or management
The following table shows the change in the Group's assets under administration or management from 30 June 2005 to 30 June 2009.
| 30 Jun 2005 | 30 Jun 2006 | 30 Jun 2007 | 30 Jun 2008 | 30 Jun 2009 | |
|---|---|---|---|---|---|
| Assets under administration or management (£m) | 4,086 | 6,082 | 10,159 | 11,112 | 11,929 |
Current trading and prospects
Comments from Peter Hargreaves, Chief Executive (10 Feb 2010):
"Our reputation with investors for quality of information and unsurpassed service has generated real momentum to the business. The esteem we have created in our field is without parallel. This has resulted in us recruiting new clients and business at ever increasing volumes. A situation that has enabled us to once again increase our profits despite the huge negative effect of the current low interest rate regime. We are confident that we can continue to grow our business and its profits, but investment markets will still have a material effect on that growth."