16 December 2020
Motability Operations, which operates the Motability Scheme, today publishes its Annual Report and Accounts for the financial year ending 30 September 2020.
The Group report a post-tax profit of £149.8m; this represents a 1.6% Return on Asset which is consistent with the Group’s long-term profitability target of 1.5%.
Restricted reserves on the balance sheet have increased to £2,322m (FY2019: £2,172m), a level consistent with the policy of maintaining capital with an appropriate buffer above a calculated 99.99% threshold. The restricted reserves provide us with a capital base to meet the dual objectives of ensuring a stable and sustainable Scheme, and of providing a proportion of the financing required to fund the vehicle fleet.
Read the 2020 Annual Report Will download a resource(PDF 6MB)
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