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Treasurer Report
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Financial Status 2013 • The following slides are instructions for use. Delete once
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Financial Status 2013
• Annual accounts audited by Ernst & Young – Operating surplus of AUD 2,983,503 – Operating revenue
• AUD 17.6m (budget was AUD 17.7m) 1% below budget – IP Resource Application Fees - $0.04m – Membership Fees + $0.03m – Sundry Income Cost Recovery Training -$0.13m
– Operating expenses • AUD 14.6m (budget was AUD 16.0m) 9% below budget
– Miscellaneous Realisation Financial Assets -$0.38m – Salaries and personnel expenses -$0.37m – ICANN contract fee -$0.17
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Statement of Income - Revenue
Budget Budget ∆ ∆%
IP resource application fees 1,420,625 1,457,750 (37,125) -3%Investment income 585,522 607,000 (21,478) -4%Membership fees 15,074,781 15,045,828 28,953 0%Non-member fees 240,225 230,000 10,225 4%Reactivation fees 37,050 35,100 1,950 6%Transfer fees 61,339 75,000 (13,661) -18%Sundry income 149,100 244,500 (95,400) -39%
Total Revenue 17,568,641 17,695,178 (126,537) -1%
Revenue (AUD) Actual 2013 Budget 2013
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Statement of Income - Expenses
Budget Budget ∆ ∆%
Communication expenses 490,600 531,416 (40,816) -8%Computer expenses 548,748 637,160 (88,412) -14%Depreciation expense 753,032 894,609 (141,577) -16%ICANN contract fee 136,732 310,000 (173,268) -56%Meeting and training expenses 332,819 352,550 (19,731) -6%Office operating expenses 300,757 289,420 11,337 4%Professional fees 1,246,373 1,154,775 91,598 8%Realisation financial assets * (376,729) 0 (376,729) 0%Salaries and personnel expenses 8,298,111 8,671,800 (373,689) -4%Sponsorship/ publicity expenses 319,623 335,500 (15,877) -5%Travel expenses 1,937,230 2,030,182 (92,952) -5%Other operating expenses 694,007 721,143 (27,136) -4%
Total Expenses 14,681,304 15,928,555 (1,247,251) -8%
Expenses (AUD) Actual 2013 Budget 2013
* Realisation from sale of managed funds as part of the transition to the new Investment policy.
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Operating Surplus
Budget Budget
∆ ∆%
Total Revenue 17,568,641 17,695,178 (126,537) -1%
Total Expenses 14,681,304 15,928,555 (1,247,251) -8%
Operating Surplus Before Income Tax 2,887,337 1,766,623 1,120,714 63%
Income tax expense/ (benefit) (96,166) 60,000 (156,166) -260%
Operating Surplus After Income Tax 2,983,503 1,706,623 1,276,880 75%
Operating Surplus (AUD) Actual 2013 Budget 2013
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Statement of Financial Position
Financial Position (AUD) 2013 2012 ∆%
Current assets 7,477,007 16,015,716 -53%
Non-current assets 21,864,127 9,290,616 135%
Total Assets 29,341,134 25,306,332 16%
Current liabilities 11,167,929 10,265,765 9%
Non-current liabilities 346,910 231,810 50%
Total Liabilities 11,514,839 10,497,575 10%
Net Assets/ Total Equity 17,826,296 14,808,757 20%
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APNIC Reserve
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Cash Financial Assets Property Operating Expenses
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Basic Defense Interval Ratio
Total Current and Financial Assets $21,213,697
Daily Operating Expenses(2014 budget) $44,180
Basic Defense Interval Ratio 15.78 Months
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Budget 2014 • The following slides are instructions for use. Delete once
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Budget Process
• Budgeted activity plan and priority list driven by inputs from: – APNIC Survey – EC Strategic Guidance – APNIC’s existing core operational requirements
• Detailed - bottom up – zero based, expense budgeting
• Revenue forecasts derived from detailed analysis of Membership data and income forecasts
• Focus on financial stability
• Ensure high level of financial governance and control in APNIC activities
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Budget 2014 – Revenue
Revenue (AUD) Budget 2014 Actual 2013 ∆%IP resource application fees 1,241,625 1,420,625 -13%Investment income 620,000 585,522 6%Membership fees 15,627,681 15,074,781 4%Non-member fees 245,000 240,225 2%Reactivation fees 32,400 37,050 -13%Transfer Fees 75,000 61,339 22%Sundry income 252,500 149,100 69%
Total Revenue 18,094,206 17,568,641 3%
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Budget 2014 – Expenses
Expenses (AUD) Budget 2014 Actual 2013 ∆%Communication expenses 502,772 490,600 2%Computer expenses 584,632 548,748 7%Depreciation expense 769,800 753,032 2%ICANN contract fee 225,000 136,732 65%Meeting and training expenses 424,835 332,819 28%Office operating expenses 306,195 300,757 2%Professional fees 1,321,800 1,246,373 6%Realisation financial assets 0 (376,729) -100%Salaries and personnel expenses 8,768,982 8,298,111 6%Sponsorship/ publicity expenses 426,700 319,623 34%Travel expenses 2,050,000 1,937,230 6%Other operating expenses 745,685 694,007 7%
Total Expenses 16,126,401 14,681,304 10%
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Budget 2014 - Operating Surplus
Operating Surplus (AUD) Budget 2014 Actual 2013 ∆%Total Revenue 18,094,206 17,568,641 3%Total Expenses 16,126,401 14,681,304 10%
Operating Surplus Before Income Tax 1,967,805 2,887,337 -32%
Income tax expense/ (benefits) 0 (96,166) -100%Operating Surplus After Income Tax 1,967,805 2,983,503 -34%
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Revenue and Expense Analysis
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APNIC Reserve
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Cash Financial Assets Property Operating Expenses
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