PAC 0.19% $10.62 pacific current group limited

If they receive performance fees, they should also pay a...

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    If they receive performance fees, they should also pay a performance bonus to staff. It isn't obvious what the additional pay to staff is. So you need to make a guess. A rough way to check impact of performance fees on the bottom line is look at when there isn't much. Examples:

    Dec 21 half year - performance fees $0.4m; adjusted NPAT $8.3m

    Jun 20 half year - performance fees $0.1m; adjusted NPAT $9.9m

    The figures in your screenshot are statutory. Management adjustments (amortisation, unrealised gains or losses and one-off strategic review) are useful to take out non-cash items and noise.

    Of course, none of this matters now they're getting hitched. But they were surprisingly profitable without performance fees.
 
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