Investor Presentaiton
15
COL Investor Presentation
Flattish Expenses
Operating expenses were flat, as higher fixed
operating expenses were offset by lower trading.
related expenses.
Fixed operating expenses were up by 5.6% to
Php83.9 Mil, due to higher personnel costs, rental
and utilities, advertising and marketing, and other
expenses.
Meanwhile, trading related expenses fell 22.1% to
Php28.7 Mil due to lower trading activity.
Pro Forma Breakdown of Expenses (Php Mil)
Change
1H21
1H22 Amount
%
Trading Related Expenses
Commission expenses
15.1
16.2
1.1
7.3%
Agency & Advisory
14.2
15.7
1.5
10.7%
CROS& Others
0.9
0.5
-0.4
-46.4%
Stock exch. dues & fees
21.8
12.5
-9.3
-42.6%
Total
36.8
28.7
-8.2
-22.1%
Fixed Operating Expenses
Personnel costs
66.9
74.2
7.3
10.9%
Professional fees
24.1
22.4
-1.6
-6.8%
Communication
21.1
21.5
0.4
1.8%
Rentals & utilities
3.9
4.9
1.0
25.9%
Depreciation
32.9
27.3
-5.6
-16.9%
Advertising & Mktg
1.7
2.9
1.2
71.2%
Others
16.4
23.0
6.6
40.0%
Total
167.0
176.2
9.3
5.6%
Total Expenses
203.8
204.9
1.1
0.6%
COL FINANCIALView entire presentation