Founded in 2001, Praemium Limited is a leading provider of portfolio administration, investment platforms and financial planning tools to the wealth management industry.
2
2
Contents
Appendix 4D
5
Half Year Highlights
6
Directors' Report
7
Financial Summary
9
Comments On Financial Performance
10
Auditor's Independence Declaration
11
Accounts For The Half Year Ended 31 December 2022
12
Consolidated Statement of Profit & Loss and Other Comprehensive Income
12
Consolidated Statement of Financial Position
14
Consolidated Statement of Changes In Equity
15
Consolidated Statement of Cash Flows
16
Notes To The Financial Statements
17
Directors' Declaration
24
Independent Audit Report
25
3
Praemium is a leading investment platform in Australia,
catering to the emerging and established affluent investor market.
From launching the most comprehensive non-custody offering in 2001 to being the first platform to launch SMAs in 2005, Praemium has always been at the forefront of innovation in the wealth management industry.
In response to the growing need of the wealth management industry Praemium launched its Third Party Administration, and acquired Powerwrap to enhance its technology, service, and products to the private wealth market.
Praemium provides unconstrained flexibility to manage all assets and investment structures for all clients on
a single platform. It's why some of the largest financial institutions and over 40% of the Barrons Top 100 advisers use Praemium.
4
4
Appendix 4D
ASX Half year Report
Name of entity:
Praemium Limited
ABN:
74 098 405 826
Reporting period:
Half year ended 31
December 2022
Previous corresponding period:
Half year ended 31
December 2021
Results
Revenue from ordinary activities
Increased 17% to $35,444,757
Profit from ordinary activities after tax attributable to members*
Increased by 1123% to $10,040,015
Net profit for the period attributable to members
Increased by 449% to $9,091,894
* Excludes restructure, arbitration and acquisition costs.
Brief explanation of the figures reported above
Refer to the attached Half year Report (Directors' Report - Review of Operations section), for commentary on the half year results.
Notes to Appendix 4D - for the half year ended 31 December 2022
Current period
Previous period
Net tangible assets per security*
9.1
3.0
Dividends
No dividends are proposed for the period.
Additional dividend information
$25,804,085.45 dividend paid on 10 August 2022.
Dividend reinvestment plan
Not applicable
Details of associates and joint venture entities
Not applicable
Compliance Statement
This report is based on financial statements reviewed by the
auditors, copies of which are attached.
*calculation of the net tangible assets excludes right-of-use assets
Anthony Wamsteker - CEO & Executive Director
27 February 2023
5
Attachments
Original Link
Original Document
Permalink
Disclaimer
Praemium Limited published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2023 01:09:09 UTC.
Praemium Limited is a provider of portfolio administration, investment platforms and financial planning tools to the wealth management industry. The Company is engaged in the provision of virtual managed accounts and financial planning software licenses and administering the Australian managed account platform. The Company's investment portfolio technology is branded as Praemium Virtual Managed Accounts (VMA) and is available both directly and embedded in its Managed Account technology. Through Praemium VMA, the Company offers a range of portfolio management services used by accountants, financial advisers, stockbrokers, self-managed superannuation fund (SMSF) administrators and large institutions who usually rebrand and package the services for their own customers. The Company's Managed Account investment platform in Australia is a regulated management investment scheme. Its Unified Managed Account (UMA) enables a consolidated view of custody and non-custody investment assets.
PRAEMIUM LIMITED 
