-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UiLE2Xz2JlQgx1plSljUsIiohB9XFr53k0kCCnzsYY3TWgizxnCxJ+UNhHDm8dGU sh9OKmJDGCcKxny/vX4XkQ== 0000950129-02-000494.txt : 20020414 0000950129-02-000494.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950129-02-000494 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020205 FILED AS OF DATE: 20020205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMVESCAP PLC/LONDON/ CENTRAL INDEX KEY: 0000914208 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13908 FILM NUMBER: 02527048 BUSINESS ADDRESS: STREET 1: 11 DEVONSHIRE SQUARE STREET 2: LONDON EC2M 4YR CITY: ENGLAND STATE: X0 BUSINESS PHONE: 442076263434 MAIL ADDRESS: STREET 1: 11 DEVONSHIRE SQUARE STREET 2: LONDON EC2M 4YR CITY: ENGLAND FORMER COMPANY: FORMER CONFORMED NAME: AMVESCAP /LONDON/ DATE OF NAME CHANGE: 19971121 FORMER COMPANY: FORMER CONFORMED NAME: AMVESCO PLC /LONDON/ DATE OF NAME CHANGE: 19970612 FORMER COMPANY: FORMER CONFORMED NAME: INVESCO PLC /LONDON DATE OF NAME CHANGE: 19940107 6-K 1 h94006ae6-k.txt AMVESCAP PLC - 2001 YEAR END RESULTS SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of FEBRUARY, 2002 ---------------- AMVESCAP PLC ----------------------------------------------- (Translation of registrant's name into English) 11 DEVONSHIRE SQUARE, LONDON EC2M 4YR, ENGLAND ----------------------------------------------- (Address of principal executive offices) [Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F _X_ Form 40-F ___ [Indicate by check mark whether registrant by furnishing the Information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 Yes ___ No _X_ [If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A ------------ Description of document filed: 2001 YEAR END RESULTS AMVESCAP PLC 498038 IMMEDIATE RELEASE 05 FEBRUARY 2002 PLEASE CONFIRM RELEASE MICHAEL PERMAN TEL: 020 7454 3942 LONDON, FEBRUARY 5, 2002 - AMVESCAP reported that profit before tax, goodwill amortization and exceptional items decreased 13.8% to (pound sterling)477.9 million ($693.0 million) from (pound sterling)554.5 million ($826.2 million) in 2000. Diluted earnings per share before goodwill amortization and exceptional items decreased to 40.0p for the 2001 year (2000: 54.7p). Earnings before interest, taxes, depreciation and amortization ("EBITDA") reached (pound sterling)603.4 million ($874.9 million) for 2001, compared to (pound sterling)659.7 million ($983.0 million) for the 2000 period. Revenues amounted to (pound sterling)1,619.8 million ($2,348.7 million) compared to (pound sterling)1,628.7 million ($2,426.8 million) in 2000 (NYSE: AVZ).
- ----------------------------------------------------------------------------------------------------------------------------------- Results for Year Ended 2001 2000 2001++ 2000++ -------------- -------------- ------------- ----------- REVENUES (pound sterling)1,619.8M (pound sterling)1,628.7M $2,348.7M $2,426.8M PROFIT BEFORE TAX, GOODWILL AMORTIZATION AND EXCEPTIONAL ITEMS (pound sterling)477.9M (pound sterling)554.5M $693.0M $826.2M EARNINGS PER SHARE BEFORE GOODWILL AMORTIZATION: --BASIC 36.3P 52.7P* $1.05+ $1.57*+ --DILUTED 35.2P 50.1P* $1.02+ $1.49*+ EARNINGS PER SHARE BEFORE GOODWILL AMORTIZATION AND EXCEPTIONAL ITEMS: --BASIC 41.2P 57.5P* $1.19+ $1.71*+ --DILUTED 40.0P 54.7P* $1.16+ $1.63*+ DIVIDENDS PER SHARE 11.0P 10.0P $0.32+ $0.30 + - -----------------------------------------------------------------------------------------------------------------------------------
* Restated for adoption of FRS 19, "Deferred Tax". + Per American Depository Share equivalent to 2 ordinary shares. ++ For the convenience of the reader, pounds sterling for the year ended December 31, 2001 have been translated to US dollars using $1.45 per (pound sterling)1.00 (2000: $1.49 per (pound sterling)1.00). "The market corrections of 2001 compounded by the tragic events of September 11 tested the strength of the global economy and AMVESCAP," said Mr. Charles W. Brady, Executive Chairman. "While our financial performance was impacted by these conditions, our diversified product lines and global reach helped to mitigate the impact of the sharply declining market levels and supported the soundness of these elements of our strategy. We enter 2002 in a solid position." The UK Accounting Standards Board issued FRS 19, "Deferred Tax", which requires companies to change the method of computing deferred taxes. The Company has adopted this new statement in 2001, including a restatement of prior years' profit and loss accounts. The effect of FRS 19 has been to reduce the income tax provision and increase net income for 2001 by (pound sterling)4.5 million (0.5p per diluted share) and to reduce the tax provision and increase net income previously reported for 2000 by (pound sterling)12.2 million (1.7p per diluted share). The Company completed five acquisitions during 2001. These combinations have been accounted for as acquisitions and results have been included from the respective dates of purchase. Exceptional charges of (pound sterling)60.0 million were provided in 2001. Integration costs relating to acquisitions accounted for (pound sterling)43.3 million of the charge with the remainder relating to expenses incurred in the design and planning for an operating facility which was postponed indefinitely and for internal restructurings and severance charges. Funds under management totaled $397.9 billion ((pound sterling)274.4 billion) at December 31, 2001, a decrease of $4.7 billion from December 31, 2000. Net new business amounted to $1.8 billion during the year of 2001. The 2001 acquisitions added $32.4 billion of funds under management at dates of acquisition. Average funds under management amounted to $384.9 billion for the fourth quarter compared to $389.1 billion for the previous quarter and $394.7 billion for the fourth quarter of 2000. Average funds under management amounted to $395.0 billion for 2001 compared to $388.5 billion for the prior year. Net debt at December 31, 2001 amounted to (pound sterling)837.0 million (excluding client cash) compared to (pound sterling)691.6 million at December 31, 2000. The Company paid cash of approximately (pound sterling)311.4 million for acquisitions during the current year. Net debt declined by (pound sterling)166.0 million during 2001 excluding the cash paid for acquisitions. The Board has recommended a final dividend of 6.5p resulting in a total dividend of 11.0p for 2001 (2000: 10.0p). This is an increase of 10% over the prior year and the ninth consecutive year that the dividend has been increased. This dividend, if approved by the shareholders at the Annual General Meeting in April, will be paid on May 2, 2002 to shareholders on the register on April 5, 2002. The ex-dividend date for the dividend will be April 3, 2002. THE YEAR IN REVIEW "We achieved gross sales of approximately $98 billion and positive net sales because of the diversification of our product range, even with the shift away from growth products into fixed income and more conservative equity products," said Mr. Brady. "We entered the private wealth management business during the year with the acquisition of Pell Rudman, providing an excellent base to move forward in this marketplace. The INVESCO Retirement group attained record growth, adding approximately 250,000 plan participants during the year. While our overall revenues and profits declined from the record levels of 2000, our financial position remains strong." MANAGED PRODUCTS The Managed Products group reported revenues of (pound sterling)986.2 million during 2001, a decrease of (pound sterling)78.3 million over the prior year. Operating profits were (pound sterling)436.5 million, a decrease of (pound sterling)76.5 million during the period. The group generated approximately $50.0 billion of gross sales in 2001 and experienced net redemptions of $308 million during the year. Funds under management amounted to $211.2 billion at December 31, 2001. INVESCO INSTITUTIONAL The INVESCO Institutional group reported revenues and operating profits of (pound sterling)211.9 million and (pound sterling)53.6 million in the 2001 period. The results for 2001 include National Asset Management and Parkes & Co. from the dates of acquisition. This group generated approximately $26.6 billion in gross sales during 2001 compared to $20.2 billion in 2000, and net sales of $2.6 billion. Funds under management amounted to $116.8 billion at December 31, 2001. INVESCO GLOBAL INVESCO Global's revenues amounted to (pound sterling)340.3 million for 2001, an increase of (pound sterling)36.4 million over the prior year due to the inclusion of the Perpetual results in 2001, offset in part by declines in the global capital markets. Operating profit totaled (pound sterling)76.4 million for the year-ended December 31, 2001. The current year's results include County and Grand Pacific from dates of acquisition. Funds under management were $60.0 billion at December 31, 2001, a decline of $6.6 billion from the end of 2000. Gross sales for 2001 totaled approximately $20.7 billion with net redemptions of $541 million for the year due largely to a contract loss of a $1 billion institutional client. INVESCO RETIREMENT INVESCO Retirement's assets under administration and net sales scored record growth during 2001. The group experienced a 25% increase in assets under administration during the 2001 year, reaching $34.6 billion at December 31, 2001. This group services 630,000 plan participants at December 31, 2001, up from 381,000 participants at the end of 2000. Approximately 65% of INVESCO Retirement's assets under administration were invested in AMVESCAP funds in 2001, compared to 82% in 2000. PRIVATE WEALTH MANAGEMENT The Private Wealth Management (PWM) division was launched with the Pell Rudman acquisition, which was completed in August 2001. PWM provides asset management services to high net worth individuals, families, foundations and endowments. Revenues and operating profits totaled (pound sterling)21.2 million and (pound sterling)1.2 million for 2001. Funds under management were $9.9 billion at December 31, 2001. OUTLOOK "Although concerns continue over near term prospects for corporate earnings and the uncertain economic and political climates around the world, the long-term outlook for our industry remains bright. Demographic shifts and government reforms worldwide continue to point to a dramatic increase in retirement savings, the driving force of our business," noted Mr. Brady. "We remain focused on the essential aspects of our business: investment performance, managing expenses, and customer service." AMVESCAP is a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM and INVESCO brands, AMVESCAP strives to deliver outstanding investment performance and service through a comprehensive array of retail and institutional products for clients in over 100 countries. The Company is listed on the London, New York, Paris and Toronto Stock Exchanges with the symbol "AVZ." Members of the investment community and general public are invited to listen to the conference call today, Tuesday, February 5, 2002 at 9:30a.m. Eastern Time, by dialing one of the following numbers: 888-201-4990 for US callers or 712-257-2476 for international callers. An audio replay of the conference call will be available until Tuesday, February 12, 2002 at 5:00p.m. Eastern Time by calling 800-873-1631 for US callers or 402-280-9915 for international callers. AMVESCAP PLC GROUP PROFIT AND LOSS ACCOUNT (IN THOUSANDS)
YEAR ENDED DECEMBER 31, -------------------------------------------------------------------------------------- 2001 ------------------------------------------------------------ ORDINARY EXCEPTIONAL ACTIVITIES ITEMS TOTAL 2000 --------------- ---------------- --------------- ---------------- REVENUES (pound (pound (pound (pound sterling)1,619,847 sterling) -- sterling)1,619,847 sterling)1,628,662 OPERATING EXPENSES (1,096,487) (59,997) (1,156,484) (1,091,555) ---------------- ---------------- ---------------- ---------------- 523,360 (59,997) 463,363 537,107 GOODWILL AMORTIZATION (137,477) -- (137,477) (56,417) ---------------- ---------------- ----------------- ---------------- OPERATING PROFIT 385,883 (59,997) 325,886 480,690 10,433 -- 10,433 17,147 INVESTMENT INCOME INTEREST EXPENSE (55,881) -- (55,881) (51,604) ---------------- ---------------- ----------------- ---------------- PROFIT BEFORE TAXATION 340,435 (59,997) 280,438 446,233 TAXATION (146,242) 20,607 (125,635) (145,505) ---------------- ---------------- ----------------- ---------------- PROFIT AFTER TAXATION 194,193 (39,390) 154,803 300,728 DIVIDENDS (89,260) -- (89,260) (75,827) ---------------- ---------------- ----------------- ---------------- RETAINED PROFIT (pound (pound (pound (pound sterling) 104,933 sterling)(39,390) sterling) 65,543 sterling) 224,901 ---------------- ---------------- ----------------- ---------------- EARNINGS PER SHARE BEFORE GOODWILL AMORTIZATION: ---BASIC 41.2P (4.9)P 36.3P 57.5P* ---DILUTED 40.0P (4.8)P 35.2P 54.7P* -------------------------------------------------------------- ---------------- EARNINGS PER SHARE: ---BASIC 24.1P (4.9)P 19.2P 44.4P ---DILUTED 23.4P (4.8)P 18.6P 42.3P -------------------------------------------------------------- ---------------- AVERAGE SHARES OUTSTANDING: ---BASIC 805,061 805,061 678,006 ---DILUTED 829,983 829,983 720,766 -------------------------------------------------------------- ----------------
*Before goodwill amortization and exceptional items. Note: Profit and loss account for 2000 has been restated for adoption of FRS 19, "Deferred Tax". AMVESCAP PLC GROUP BALANCE SHEET (IN THOUSANDS)
DEC 31, 2001 DEC 31, 2000 ------------------------- ------------------------ FIXED ASSETS GOODWILL (pound sterling)2,693,659 (pound sterling)2,373,060 INVESTMENTS 166,036 147,652 TANGIBLE ASSETS 209,370 201,280 -------------------------- ----------------------- 3,069,065 2,721,992 CURRENTS ASSETS DEBTORS 576,447 717,192 INVESTMENTS 33,116 65,064 CASH 175,902 327,733 -------------------------- ----------------------- 785,465 1,109,989 CREDITORS (640,804) (759,423) -------------------------- ----------------------- NET CURRENT ASSETS, EXCLUDING BANKING AND INSURANCE ACTIVITIES 144,661 350,566 -------------------------- ----------------------- BANKING AND INSURANCE ACTIVITIES CASH 175,076 157,626 INVESTMENTS 89,079 99,166 CUSTOMER AND COUNTERPARTY DEBTORS 179,223 227,185 POLICYHOLDER DEBTORS 134,296 94,122 CUSTOMER AND COUNTERPARTY CREDITORS (349,560) (395,819) POLICYHOLDER CREDITORS (134,296) (94,122) OTHER ASSETS, NET (9,725) (12,992) -------------------------- ----------------------- 84,093 75,166 TOTAL ASSETS LESS CURRENT LIABILITIES 3,297,819 3,147,724 LONG-TERM DEBT (844,285) (960,023) PROVISIONS FOR LIABILITIES AND CHARGES (172,070) (57,700) -------------------------- ----------------------- NET ASSETS (pound sterling)2,281,464 (pound sterling)2,130,001 ========================== ======================= CAPITAL AND RESERVES CALLED UP SHARE CAPITAL (pound sterling) 196,03 (pound sterling) 192,759 SHARE PREMIUM ACCOUNT 1,619,879 1,488,933 EXCHANGEABLE SHARES 433,597 477,153 PROFIT AND LOSS ACCOUNT 685,884 620,341 -------------------------- ----------------------- 2,935,397 2,779,186 OTHER RESERVES (653,933) (649,185) -------------------------- ----------------------- SHAREHOLDERS' FUNDS, EQUITY INTERESTS (pound sterling)2,281,464 (pound sterling)2,130,001 ========================== =======================
NOTE: Balance sheet for 2000 has been restated for adoption of FRS 19, "Deferred Tax" and revised presentation for Banking and Insurance Activities. AMVESCAP PLC GROUP CASH FLOW STATEMENT (IN THOUSANDS)
YEAR ENDED ------------------------------ DEC 31, 2001 DEC 31, 2000 -------------- ------------- -------------- ------------- (pound sterling) (pound sterling) OPERATING PROFIT, EXCLUDING BANKING AND INSURANCE ACTIVITIES 324,355 463,816 AMORTIZATION AND DEPRECIATION 205,551 108,810 CHANGE IN DEBTORS, CREDITORS AND OTHER 1,612 (40,139) -------------- ------------- NET CASH INFLOW FROM OPERATING ACTIVITIES, EXCLUDING BANKING AND INSURANCE ACTIVITIES 531,518 532,487 -------------- ------------- BANKING AND INSURANCE ACTIVITIES 17,450 151,198 INTEREST PAID, NET OF INVESTMENT INCOME (48,106) (34,030) TAXATION (167,031) (120,603) CAPITAL EXPENDITURES, NET OF SALES (68,013) (61,051) NET PURCHASES OF FIXED ASSET INVESTMENTS (17,065) (16,787) ACQUISITIONS (311,441) (182,595) DIVIDENDS PAID (84,365) (63,558) NET INCURRENCE OF DEBT 16,781 75,806 FOREIGN EXCHANGE ON CASH AT BANK AND IN HAND (4,109) 14,760 -------------- ------------- (pound sterling) (pound sterling) (DECREASE) / INCREASE IN CASH AT BANK AND IN HAND (134,381) 295,627 ============== ============= RECONCILIATION TO MOVEMENT IN FRS 1 CASH: (pound sterling) (pound sterling) (DECREASE) / INCREASE IN CASH AT BANK AND IN HAND (134,381) 295,627 FOREIGN EXCHANGE ON CASH AT BANK AND IN HAND 6,532 (11,844) CHANGE IN BANK OVERDRAFTS (2,040) (8,315) CHANGE IN CASH EQUIVALENTS 95,382 (120,328) -------------- ------------- (pound sterling) (pound sterling) (DECREASE) / INCREASE IN FRS 1 CASH (34,507) 155,140 ============== =============
AMVESCAP PLC SEGMENTAL INFORMATION (IN THOUSANDS)
YEAR ENDED DEC 31, 2001 -------------------------------------------------- REVENUES EXPENSES PROFIT ----------------- ---------------- ------------- (pound sterling) (pound sterling) (pound sterling) MANAGED PRODUCTS 986,234 (549,763) 436,471 INVESCO INSTITUTIONAL 211,917 (158,365) 53,552 INVESCO GLOBAL 340,293 (263,871) 76,422 INVESCO RETIREMENT 58,224 (53,247) 4,977 PRIVATE WEALTH 21,211 (19,972) 1,239 NEW BUSINESS 1,968 (12,179) (10,211) CORPORATE -- (39,090) (39,090) ----------------- ---------------- ------------- 1,619,847 (1,096,487) 523,360 GOODWILL AMORTIZATION -- (137,477) (137,477) ----------------- ---------------- ------------- (pound sterling) (pound sterling) (pound sterling) 1,619,847 (1,233,964) 385,883 ================= ================ ============= YEAR ENDED DEC 31, 2000 -------------------------------------------------- REVENUES EXPENSES PROFIT ----------------- ---------------- ------------- (pound sterling) (pound sterling) (pound sterling) MANAGED PRODUCTS 1,064,530 (551,562) 512,968 INVESCO INSTITUTIONAL 211,377 (157,771) 53,606 INVESCO GLOBAL 303,857 (222,075) 81,782 INVESCO RETIREMENT 48,898 (44,941) 3,957 NEW BUSINESS -- (15,422) (15,422) CORPORATE -- (47,980) (47,980) ----------------- ---------------- ------------- 1,628,662 (1,039,751) 588,911 GOODWILL AMORTIZATION -- (56,417) (56,417) ----------------- ---------------- ------------- (pound sterling) (pound sterling) (pound sterling) 1,628,662 (1,096,168) 532,494 ================= ================ =============
NOTES 1. Acquisitions and Exceptional Items The Company completed five acquisitions during 2001. These combinations have been accounted for as acquisitions and results have been included from the respective dates of purchase. The following table sets forth the terms of these transitions (each for 100% of the share capital of the companies acquired).
--------------------------------------------------------------------------------------------------------------- Acquisition Cash Shares Earn out Total Company Name Date (pound (pound (pound (pound sterling) sterling) sterling) sterling) '000 '000 '000 '000 --------------------------------------------------------------------------------------------------------------- County Investment Management Ltd. January 2001 41,105 -- -- 41,105 National Asset Management Ltd. April 2001 69,636 76,069 51,865 197,570 Pell Rudman August 2001 122,835 -- 19,034 141,869 Grand Pacific August 2001 84,350 -- -- 84,350 Parkes & Co. August 2001 9,210 -- -- 9,210 ------------------------------------------------------------------ 327,136 76,069 70,899 474,104 ----------------------------------------------------------------------------------------------------------------
An amount of (pound sterling)60.0 million ((pound sterling)39.4 million after tax) has been charged to the consolidated profit and loss account as an exceptional item. Costs include staff retention payments and expenses associated with combining systems and other business processes, and costs incurred in reorganizing, restructuring and integrating the acquisitions. The exceptional charge for the year also includes costs incurred during internal restructurings and severance arrangements. -------------------------------------------------------------------- 2001 2000 (pound sterling) (pound sterling) '000 '000 -------------------------------------------------------------------- Acquisitions 43,310 43,804 Restructurings 9,993 8,000 Building termination costs 6,694 -- ----------------------------------- 59,997 51,804 -------------------------------------------------------------------- 2. The UK Accounting Standards Board issued FRS 19, "Deferred Tax", which requires companies to change the method of computing deferred taxes. The Company has adopted this new statement in 2001, including a restatement of prior years' profit and loss accounts and balance sheet. The effect of FRS 19 has been to reduce the income tax provision and increase net income for 2001 by (pound sterling)4.5 million (0.5p per diluted share) and to reduce the tax provision and increase net income previously reported for 2000 by (pound sterling)12.2 million (1.7p per diluted share). The taxation charge is primarily made up from overseas taxation. After adjusting for the amortization of goodwill and the exceptional item, the effective tax rate for 2001 and 2000 was 30.6% and 29.7%. 3. The Directors consider that profit before goodwill amortization and exceptional items is a more appropriate basis for the calculation of earnings per share since this represents a more consistent measure of operating performance. Earnings per share for 2000 has been restated to reflect the adoption of FRS 19.
2001 ------------------------------------------------------------- PROFIT BEFORE GOODWILL AVERAGE AMORTIZATION & NUMBER OF EXCEPTIONAL ITEMS SHARES PER SHARE (pound sterling)'000 '000 AMOUNT ---------------------- -------------------- ---------------- BASIC EARNINGS PER SHARE 331,670 805,061 41.2P ================ ISSUANCE OF OPTIONS -- 24,922 ---------------------- -------------------- ---------------- DILUTED EARNINGS PER SHARE 331,670 829,983 40.0P ====================== ==================== ================ 2000 ------------------------------------------------------------- PROFIT BEFORE GOODWILL AVERAGE AMORTIZATION & NUMBER OF EXCEPTIONAL ITEMS SHARES PER SHARE (pound sterling)'000 '000 AMOUNT ---------------------- -------------------- ---------------- BASIC EARNINGS PER SHARE 389,782 678,006 57.5P ================ ISSUANCE OF OPTIONS -- 33,763 CONVERSION OF EQUITY SUBORDINATED DEBENTURES 4,093 8,997 ---------------------- -------------------- ---------------- DILUTED EARNINGS PER SHARE 393,875 720,766 54.7P ====================== ==================== ================
Number of shares outstanding at December 31, 2001 (in thousands): ORDINARY SHARES 784,147 EXCHANGEABLE SHARES 39,499 LESS: ESOT SHARES (12,594) ------------------- SHARES OUTSTANDING 811,052 =================== SHARES RESERVED FOR: OPTIONS 87,538 ESD'S 6,107 ------------------- TOTAL SHARES 904,697 =================== 4. Dividends for 2001 and 2000 were as follows:
2001 2000 (pound sterling) (pound sterling) '000 '000 ----------------- ---------------- INTERIM PAID: 4.5P PER SHARE (2000: 4.0P) 36,552 28,014 FINAL PROPOSED: 6.5P PER SHARE (2000: 6.0P) 52,708 47,813 ---------------- ----------------- ---------------- 89,260 75,827 ================= ================
5. The financial information set out above does not constitute the Company's statutory accounts for the years ended December 31, 2001 or 2000. Statutory accounts for 2000 have been reported on by the Company's Auditors and delivered to the Registrar of Companies. The report of the Auditors was unqualified and did not contain a statement under Section 237 (2) or (3) of the Companies Act 1985. AMVESCAP PLC FUNDS UNDER MANAGEMENT (IN BILLIONS)
MANAGED PRODUCTS INVESCO PRIVATE ---------------- ------- ------- TOTAL AIM INVESCO INST GLOBAL WEALTH ----- --- ------- ---- ------ ------ DEC 31, 2000 $402.6 $193.2 $43.2 $99.6 $66.6 $ -- MARKET GAINS/(LOSS) (49.5) (25.3) (11.5) (3.1) (9.3) (0.3) ACQUISITIONS 32.4 -- -- 17.7 6.7 8.0 NET NEW (LOST) BUSINESS 1.8 (0.7) 0.4 2.6 (0.5) -- CHANGE IN MONEY MARKET FUNDS 12.3 13.0 (0.7) -- -- -- TRANSFERS -- 0.3 -- -- (2.5) 2.2 FOREIGN CURRENCY (1.7) (0.7) -- -- (1.0) -- ------------- ------------ -------------- -------------- --------- ---------- DEC 31, 2001 $397.9 $179.8 $31.4 $116.8 $60.0 $9.9 ============= ============ ============== ============== ========= ========== (pound (pound (pound (pound (pound (pound sterling) sterling) sterling) sterling) sterling) sterling) DEC 31, 2001 + 274.4 124.0 21.7 80.5 41.4 6.8 ============= ============ ============== ============== ========= ==========
+ Translated at $1.45 per (pound sterling)1.00. Note: INVESCO Retirement has $34.6 billion in assets under administration as of December 31, 2001, compared to $27.6 billion as of December 31, 2000. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AMVESCAP PLC ------------------------- (Registrant) Date 05 February, 2002 By /s/ MICHAEL S. PERMAN -------------------- ------------------------- (Signature) Michael S. Perman Company Secretary -----END PRIVACY-ENHANCED MESSAGE-----