Financial KPIs

Quintain aims to deliver exceptional returns in the long term. Our target is to achieve upper quartile performance against IPD over three time periods: the lifetime of Quintain, ten years and five years.

The IPD performance is measured in comparison to the March Universe.

Total return is the movement in net asset value per share, adjusted for any dividends paid in the year, as a percentage of the opening net asset value per share.

Interest cover is defined in our banking covenants as operating profit before net finance expenses plus realised surpluses on disposals divided by net finance costs, excluding mark to market adjustments.

Gearing is defined in our banking covenants as the ratio of net borrowings of the Company and its wholly-owned subsidiaries to equity shareholders’ funds adjusted for deferred tax and mark to market movements.

Staff retention and motivation is crucial to the creation of value for shareholders and happiness at work, measured through a wider annual survey, is identified as the most relevant indicator.

This data was not collected prior to 2008.