HUB the new MFG, page-18

Hi Mauro,
Look at the recent half year accounts. They have broken down the results into platform and licencee segments. To work out approx break even from a FUA perspective, add up all the costs for maintaining and growing platform business. 2) Divide platform revenue by FUA to work out roughly how much they they generate per $ of FUA. 3) divide total costs by answer to 2) and you'll get a FUA figure. I don't have the accounts to hand to see if there's any finance costs/other costs to add in but it's a starting point for you.