SMBC DERIVATIVE PRODUCTS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors recognise uncertainties in respect of the business environment and global economic outlook, which may affect the ability of the Company to continue as a going concern. However, the Company, is set up to be more financially stable than the rest of the SMBC Group and therefore more protected against negative circumstances. The Directors place a particular focus on the maintenance of its credit rating, which is crucial to its operations. In order to comply with the rating criteria, the Company maintains very high levels of capital and liquidity, invests funds only in highly-rated securities and fully collateralises its exposures to financial risks. Consequently, the Directors are confident that, taking into account reasonably possible scenarios, the Company will continue to have sufficient funds and be able to operate for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -14%

  £249,930,000 → £214,852,000

• Net assets

  -9.9%

  £251,305,000 → £226,392,000

• Employees

  —

  Not reported

• Operating profit

  +47.8%

  £11,456,000 → £16,929,000

• Profit before tax

  +47.8%

  £11,456,000 → £16,929,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers