Investor Presentaiton
OPERATING EXPENSES/HEAD COUNT
•
Operating Costs increased by 21% to $44.9m
•
Remuneration and benefits at 66% of total operating costs
increased 52% to $29.5m
•
includes share-based payments of $3.2m which increased
by $2.2m over prior year however, this was partially offset
by reduced cash costs through reduced salaries due to
temporary salary adjustments and no prior year short
term incentive
Net increase of 54 FTE* (FY20 increase 60).
Capitalised costs less than prior year (refer to Slide 10)
Selling and marketing of $2.1m decreased $0.9m (31%)
•
Hosting expense of $2.7m decreased 19%
•
Operating Expenses
FY21
FY20
change
change
$000
$000
$000
%
Selling and marketing
2,056
2,989
(933)
-31%
Hosting expense
2,710
3,362
(652)
-19%
Remuneration and benefits
29,527
19,419
10,108
52%
Administration expenses
4,928
7.110
(2,182)
-31%
Amortisation and Depreciation
5,633
3,158
2,477
78%
Fair value remeasurement
1,056
(1,056)
-100%
Total Operating Expense
44,854
37,092
7,762
21%
Percentage of Operating Revenue
361%
143%
FY21
FY20
Head count
FTE
FTE
change
FTE
change
%
Product development and maintenance
193
146
47
32%
16
18
-2
-11%
Customer support
Administration
48
52
-4
-8%
30
17
13
76%
Total employee numbers at end of year (FTE*)
287
233
54
23%
Administration costs at $4.9m decreased 31% mainly due to:
•
•
Professional fees of $0.9m decreased $0.7m
Other admin expenses (primarily includes recruitment,
listing, travel, training and insurance) of $2.2m decreased
$1.6m
While Computer licenses of $1.1m increased $0.2m
Amortisation and depreciation of $5.6m increased $2.5m
Sales and marketing
*FTE (Full time equivalent)
6
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