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QuestionsCategory: Financials QuadrantAnnual Report Queries
Ka Fatt Chan asked 1 year ago

Hi Victor,
I am reading the K10 report for Master Card & VISA and I have the following queries:

  1. There is no COGS for both under their report. Is this correct? Or how do we get this number?
  2. Is their operating expense considered as SGA expense for us to key into the analysis?


1 Answers
Victor Chng answered 1 year ago

Hi Ka Fatt,
1.There are some cases where companies do not have COGS. Hence for Master & Visa, they don’t have it. 

2.Yes you can take the operating expense as SGA.