Financial and other member firm information

The aggregate revenues of Grant Thornton member firms for the year ended 30 September 2010 were $3.7bn which is an increase of 2.3% from the previous year. Revenues from assurance services at $1.7bn were 2.8% higher than 2009 and accounted for 46% of aggregate US dollar revenues. Revenues from tax services at $816m were up 6.9% from 2009 and accounted for 22% of aggregate US dollar revenues. Advisory services, despite the continuing lack of transactions, contributed 24% of aggregate US dollar revenues, generating revenues of $890m.

Europe, Middle East and Africa revenues were $1.6bn which is an increase of 3.7% from 2009. This is thanks in part to good performances from France (5.2% growth) and Sweden (8.6% growth). Revenues in the US were down $62m compared to last year but the Americas region enjoyed revenue growth of 0.9% overall. This is largely due to revenue growth of 14.0% ($56m) in Canada.

Asia Pacific revenues were up by 2.6% reflecting a 17.6% increase in revenues by the Australian member firm and a 16.6% increase in China.

During the year to 30 September 2010, Grant Thornton extended its global reach in a number of locations including Albania, Azerbaijan, Georgia, Moldova and Serbia.

Since 30 September 2010 Grant Thornton has continued to extend its global presence with new operations in Guinea, Kazakhstan, Romania, Peru, Tajikistan, Uzbekistan and Zimbabwe.