2014 2013 - Jamaica Stock Exchange

Agenda
Overview of 2014
Operational Plans for 2015
and Beyond
The year 2014 was another challenging year, which was
reflected in the Group’s Net Profit and its Operating Income
GROUP
Net Profit
2014
2013
Change
$3.1m
$5.7m
-46%
Income
$380m
$348m
9%
Operating Expenses
$384m
$350m
10%
.
Cess Revenue declined from 24% of the total
Group revenue in 2013 to 20% in 2014.
Net Profit declined by $3 million due mainly to
the reduction in market transactions, which
impacted revenue, a reduction in interest income
and an increase in expenditure.
With the exception of cess and interest income
all other revenue/income groups increased over
the previous period. (Cess, Fees, e-Campus &
Investments)
Cess Income
Fee Income
Annual Listing
Initial Listing
Supplementary Listing
Members & Attorney
Transaction
Maintenance
Trade Data
Registrar
Trustee
Membership Fee
Other Operating Income
Regional Conference
Other Income
Investment Income
Other Gains
TOTAL
2014
2013
68,632,00
70,373,000
49,344,448
38,849,344
3,423,808
5,010,778
337,682
109,433
1,624,175
1,000,000
13,902,102
28,959,401
3,733,047
3,381,940
4,027,054
3,467,314
51,679,401
22,673,653
67,850,000
56,082,997
2,716,833
1,433,600
13,800,060
14,497,462
56,178,940
45,480,538
42,362,000
56,455,000
147,000
27,000
379,758,550
347,801,460
JSE Group Revenue 2014
JSE Group Revenue 2013
Group Key Financial Ratios
2014
2013
Earnings Per Share($)
0.02
0.05
Return on Assets
Efficiency Ratio
1%
113.80%
1%
117.91%
Debt to Equity Ratio
0%
0.07%
Current Ratio
Net Profit Margin
2.52 times
1%
2.26 times
2%
Main Market
Performance
• Regular market
began the year
with 36 listed
companies and
ended with 36
companies
Junior Market
Performance
• The Junior Market
began the year
with 21
companies and
ended the year
with 23
companies (24
securities)
USD Equities
Market
Performance
• The number of
companies listed
on the US Dollar
Equities Market
increased to 2
Overall, in excess of JA$1.25 billion and US$2.11 million was raised from
newly listed securities during the year: JA$535 million was raised on the
Main Market, JA$718 million was raised on the Junior Market and US$2.11
was raised on the US Dollar Equities Market.
Movement of the market indices for the last 5 years (2010 – 2014)
Total Volume Traded
Average Daily Volume
Total Value Traded
Average Daily Value
Approval for IDB/MIF on US$1.1m project for the
Junior Market
Business Continuity Plan (BCP) documentation
complete. Implementation largely effected.
The Group continued to benefit from income
diversification through growth of business lines
Solar system implementation
Accelerate the marketing of the JSE Group
Develop markets, new products and services for
our customers:
•
•
•
•
Trading Government and corporate securities
Fixed Income Instruments
Depository Receipts
Futures & Options
Continue to pursue Sustainable Stock Exchanges
Initiative
Continue to rationalize & control expenditure
Development of new look & feel website and
stock market mobile application
Launch of online trading platform
Collaborate with Government & Others
Provide reasonable return to shareholders
Continuous upgrade / enhancements to
infrastructure
Software Enhancements
Continuous focus on Staff Training
New trading platform by 2017
Business Process Improvement and Document
Management
Foster better community relations. Projects
include:
Citizens Security & Justice Programme –
internship
UWI post-graduate internship &
Scholarships
St. Michael Primary