In accounts filed at Companies House, the Edinburgh fund manager notes its turnover rose 11% from £143.7m from £160.3m in 2012.
However, there was also a 36% increase in administration expenses from £48.3m to £65.5m across a year when assets under management increased from £30.4 billion to £36.7bn.
Although there was a wider loss on foreign exchange and financing costs, £2.7m against £1.83m, there was higher income recorded from interest, with that sum growing from £480,765 to £981,837.
But pre-tax profits for 2012 came in at £93.09m, slightly behind the £94.07m recorded in the prior year.
Writing in the accounts, the directors said: "The company has continued to operate profitably and there have been no significant changes in its operations during the year.
"Walter Scott is a provider of global equity portfolio management services to institutional investors around the worlds. The business has consistently applied the same investment philosophy and investment process throughout its entire history."
The equity dividend to shareholders is noted in the 2012 accounts. The annual return for Walter Scott & Partners shows its entire share capital is owned by BNY Mellon.
The US bank is thought to have paid around £400m to buy the Scottish company in 2006.
The 106 staff at Walter Scott & partners shared in salaries and wages of £36.2m in the year, giving an average of more than £341,000.
There were also share-based payments of more than £2m, up from almost £623,000 in 2011.
The 2012 accounts show the 10 directors saw their emoluments increase from £16.5m to £17.2m while amounts received under long term incentive schemes not involving shares rose from £3.19m to £3.2m.
The aggregate rewards of the highest-paid director increased from £4.4m to £4.5m.
A previous review of a director's contract revealed that they were entitled to post-retirement benefits linked to future fee income.
The figure recorded for this liability, first noted in accounts for 2011, widened from £27.5m to £31.5m according to the accounts.
There are deferred tax assets, which can be utilised meaning the net liability for the arrangement came in at £24.3m, up from £20.6m.
The director has never been named.
Walter Scott & Partners also flagged up it is making a provision of almost £12m in relation to a potential overseas fund tax liability.
It said it was in talks with regulators over six limited liability company funds and added: "Discussions with the UK tax authority are ongoing and the expected outcome and time are therefore not known."
Walter Scott, a former star of the Ivory & Sime business, founded the business in 1983 but the nuclear physics graduate left in 2007.
The company's first employee Ken Lyall took over from Mr Scott in 2008 and then served as chairman.
Mr Lyall, who also worked at Arthur Anderson, died in June this year, aged 64.