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Investor Presentaiton

Annual Report AR 2022 SUMMARY WHO WE ARE OUR STRENGTH AND OUR RESOURCES COSTS Financial resources The BCB calculates the costs of its activities, services and processes in compliance with the best management practices and legal requirements. Its internal 'Cost and Managerial Information System' (Cost System) uses a management model for cost classification. It considers all resources used in the BCB regardless the budget source (OGU or OAM), differing from the conventional accounting and budget classifications. The main objective pursued in calculating costs is to contribute effectively to management's decision making, especially with regard to the best allocation of available resources for the functioning and operation of the autarchy. In this sense, in 2022, the continuity of the cost dynamics established from the beginning of 2020 with the adoption of remote or hybrid work was observed, with a reduction in expenses for the maintenance of facilities and an increase in ICT expenses, both to support remote work and to subsidize important projects related to the financial system. The following Figure shows this situation: Costing (in BRL thousands) +57% 184,525 170,089 146,613 139,146 137,143 124,411 117,432 115,054 100,319 100,904 2018 2019 2020 -16% 2021 2022 Information and Communication Technology Administrative/maintenance/travel expenses OUR RESULTS 55
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