Page 5 - Newsletter Vol 1 Issue 6 - YTD Corporate Performance 9Nov2021 V02

Figure 5: Financial Perspective Performance

As shown in Figure 5 above, Financial performance Over the past nine months, the Council was unable
remained steady in the target threshold, with a to increase its revenue and, in fact, achieved
consistent score of 9 across the three quarters. negative results, mainly driven by a marked
reduction in subject and candidate entries and by
This perspective is driven by two objectives –
persons opting to defer to future examination
Increase Revenue and Reduce Cost, with
sittings. However, this was tempered by the
weightings of 10 and 90 per cent respectively.
Council’s concerted efforts to reduce operational
These were weighted as such due to the social
costs and bad debt, the collection of outstanding
economic factors that occur at a macro level that
receivables, and the timing difference of some
impact the Council’s ability to generate increased
activities – such as syllabus and paper
revenue, exacerbated by the current pandemic.
development meetings and the setup of the
The Council therefore focused on the
Research Unit – that were scheduled to take place
microeconomic factors within its control to
during the year.
mitigate the impact.

5