VNDIRECT PLANNED AND ACTUAL 2021 PROFT BEFORE AND AFTER TAX Target (VND, billion) Planned 2021 Planned 2021 (Adjusted) Actual 2021 % realization Profit before tax 1,100 2,000 2,734 136 70% Profit afte.
VNDIRECT PLANNED AND ACTUAL 2021 PROFT BEFORE AND AFTER TAX Target (VND, billion) Profit before tax Profit after tax Planned 2021 Planned 2021 (Adjusted) Actual % 2021 realization 1,100 2,000 2,734 136.70% 880 1,600 2,178 136.13% Table 2.1: VNDIRECT planned and actual 2021 proft before and after tax (Source: VNDIRECT Annual Report 2021) 2.2.1 Expenses Distribution: The total operating expenses of VNDIRECT increased substantially from VND 674,110,393,713 to VND 2,324,669,320,499, but still managed to be much lower than operating income, hence contributing a huge part on maintaining a net profit While most categories remained constant or increased marginally throughout the year, there are a noticeable change in expenses for brokerage expenses, expenses for securities investment advisory services, and expenses for securities custodian services Brokerage expenses and securities investment advisory services expenses rose by 1,92 times and 3,19 times respectively When looking at the cost of revenue (CRR) for these two services, brokerage service had a CRR of 55% and securities investment advisory service had a CRR of 19% While the CRR of 19% of securities investment advisory