Financial Highlights
The financial information set out below does not constitute the company's statutory accounts for the years ended 30 April 2023 or 30 April 2022 but is derived from those accounts. Statutory accounts for 2022 have been delivered to the registrar of companies, and those for 2023 will be delivered in due course. The auditor has reported on those accounts; their reports were (i) unqualified, (ii) did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying their report and (iii) did not contain a statement under section 498 (2) or (3) of the Companies Act 2006.
The full Annual Report and Financial Statements for the Year Ending 30 April 2023 can be found here.
Year ended 30 April 2023
Net Assets Per Ordinary Share Total Return1
Benchmark Total Return2
Share Price Total Return1
2. Dow Jones Global Technology Index (total return, Sterling adjusted, with the removal of relevant withholding taxes). See page 130 for further details.
Financial Summary
| As at 30 Apr 2023 | Change % | |||
| As at 30th April | Year Ended 2023 | Year Ended 2022 | ||
| Total net assets | £2,828,141,000 | £3,050,985,000 | (7.3%) | (10.5%) |
| Net Asset value (NAV) per ordinary share | 2,239.48p | 2,305.13p | (2.8%) | (7.7%) |
| Benchmark1 | 3,604.43 | 3,504.44 | 2.9% | (0.9%) |
| Price per ordinary share | 1,940.00p | 2,040.00p | (4.9%) | (13.7%) |
|
Discount of ordinary share price to the NAV per ordinary share2 | (13.4%) | (11.5%) | ||
| Ordinary shares in issue3 | 126,285,544 | 132,356,426 | (4.6%) | (3.1%) |
| Ordinary shares held in treasury | 11,029,456 | 4,958,574 | 122.4% | 543.8% |
| Total net assets |
| Net Asset value (NAV) per ordinary share |
| Benchmark1 |
| Price per ordinary share |
| Discount of ordinary share price to the NAV per ordinary share2 |
| Ordinary shares in issue3 |
| Ordinary shares held in treasury |
1. Dow Jones Global Technology Index (total return, Sterling adjusted, with the removal of relevant withholding taxes). See page 130 for further details.
2. Alternative Performance Measure see pages 128 to 129.
3. The issued share capital on 13 July 2023 (latest practicable date) was 137,315,000 ordinary shares of which 12,258,825 were held in treasury.
Historic Performance
| As at 30 April | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Net assets (£m) | 528.8 | 606.6 | 793.0 | 801.3 | 1,252.5 | 1,551.6 | 1,935.6 | 2,308.6 | 3,408.8 | 3,051.0 | 2,828.1 |
| Share price (pence) | 398.5 | 442.0 | 592.0 | 566.0 | 947.0 | 1,148.0 | 1,354.0 | 1,774.0 | 2,364.0 | 2,040.0 | 1,940.0 |
| NAV per share (pence) | 412.4 | 458.4 | 599.2 | 605.5 | 945.4 | 1,159.7 | 1,446.4 | 1,715.6 | 2,496.4 | 2,305.1 | 2,239.5 |
| Indices of Growth1 | |||||||||||
| Share price | 100.0 | 110.9 | 148.6 | 142.0 | 237.6 | 288.1 | 339.8 | 445.2 | 593.2 | 511.9 | 486.8 |
| NAV per share | 100.0 | 111.2 | 145.3 | 146.8 | 229.2 | 281.2 | 350.7 | 416.0 | 605.3 | 559.0 | 543.0 |
| Dow Jones Global Technology Index2 | 100.0 | 113.1 | 146.4 | 146.2 | 224.3 | 262.5 | 318.8 | 376.5 | 551.0 | 546.3 | 561.8 |
| As at 30 April |
| Net assets (£m) |
| Share price (pence) |
| NAV per share (pence) |
| Indices of Growth1 |
| Share price |
| NAV per share |
| Dow Jones Global Technology Index2 |
The Company commenced trading on 16 December 1996 and the share price on the first day was 96.0p per share and the NAV per share was 97.5p.
Notes:
1. Rebased to 100 at 30 April 2013.
2. Dow Jones Global Technology Index (total return, Sterling adjusted) with the removal of relevant withholding taxes.
All data sourced from Polar Capital LLP.