EC Treasurer Report, by Kenny Huang. A presentation given at the APNIC 40 APNIC Member Meeting session on Thu, 10 Sep 2015.

1. Treasurer’s Report
APNIC Member Meeting – September 2015

2. Treasurer’s Report
• Year to date June 2015 Financial Report
• Year to date June 2015 Activity Reporting
2

3. June 2015 Year to Date
Financial Report

4. Operating Surplus – YTD June 2015
4
All amounts in AUD – Australian Dollars
Operating Surplus (AUD)
Actual YTD Jun
2015
YTD Budget
2015
Total Revenue 9,096,266.30 8,929,534.00
Total Expenses 7,695,181.00 8,028,908.00
Operating Surplus 1,401,085 900,626
Budget
Variance %
Forecast 2015 Budget 2015
2% 18,601,966 18,262,000
-4% 16,775,937 17,065,293
56% 1,826,029 1,196,707
Forecast
Variance %
2%
-2%
53%
YTD June 2015 surplus reported at $500k above budget
Full year Forecast is $1.826M, $629k more than budget

5. Statement of Income - Revenue
5
All amounts in AUD – Australian Dollars
Revenue YTD June was $167k above budget,
Full year 2015 forecast to be $340k above budget
Revenue (AUD)
Actual YTD Jun
2015
YTD Budget
2015
IP Resource application fees -18,375 0
Sign-Up fee 215,750 190,002
Investment income 354,600 427,500
Membership fees 8,307,801 8,066,536
Non-members fees 123,142 115,998
Reactivation fees 20,200 12,000
Transfer fees 27,309 37,500
Sundry income 65,838 79,998
Total Revenue 9,096,266 8,929,534
Budget
Variance %
Forecast 2015 Budget 2015
0% -18,375 0
14% 425,750 380,000
-17% 878,864 855,000
3% 16,831,000 16,450,000
6% 243,000 232,000
68% 32,200 24,000
-27% 57,309 75,000
-18% 152,218 246,000
2% 18,601,966 18,262,000
Forecast
Variance %
-100%
12%
3%
2%
5%
34%
-24%
-38%
2%

6. Statement of Income - Expenses
6
Expenses (AUD)
Actual YTD Jun
2015
YTD Budget
2015
Bank Charges 68,637 75,972
Communication expenses 276,837 268,962
Computer expenses 318,052 321,102
Depreciation expenses 378,425 381,132
ICANN contract fee 141,609 141,420
Insurance expense 63,356 68,448
Meeting and Training expenses 105,660 223,950
Office operating expenses 148,664 152,562
Professional fees 486,844 608,652
Salaries and personnel expenses 4,516,074 4,462,066
Sponsorship and publicity expenses 60,135 148,494
Travel expenses 1,011,256 949,514
Other Expenses 119,632 226,634
Total Expenses 7,695,181 8,028,908
Budget
Variance %
Forecast 2015 Budget 2015
-10% 133,724 151,950
3% 539,956 537,940
-1% 547,573 642,172
-1% 761,055 762,266
0% 284,161 282,835
-7% 136,808 136,900
-53% 419,010 519,400
-3% 305,369 305,107
-20% 1,218,514 1,267,300
1% 9,460,248 9,460,248
-60% 649,900 649,900
7% 1,898,149 1,900,000
-5% 421,470 449,275
-4% 16,775,937 17,065,293
Forecast
Variance %
-12%
0%
-15%
-0%
0%
-0%
-19%
0%
-4%
0%
0%
-0%
-6%
-2%
All amounts in AUD – Australian Dollars
Expenses YTD June 2015 were $7,695k, $334k below budget
Forecast to be below budget by $289k at the end of 2015

7. Statement of Financial Position
7
All amounts in AUD – Australian Dollars
Financial Position (AUD) June 30 2015 Dec 31 2014 Change Change %
CURRENT ASSETS
Cash/ Term deposits 6,058,410 5,420,158 638,252 12%
Receivables 765,554 923,332 -157,778 -17%
Others 722,953 472,950 250,003 53%
TOTAL CURRENT ASSETS 7,546,917 6,816,440 730,477 48%
NON-CURRENT ASSETS
Other financial assets 18,388,059 17,924,950 463,109 3%
Property, plant and equipment 7,905,034 7,905,732 -698 -0%
Deferred tax assets/ liabilities 157,749 157,749 0 0%
TOTAL NON-CURRENT ASSETS 26,450,842 25,988,431 462,411 3%
TOTAL ASSETS 33,997,759 32,804,871 1,192,888 4%
CURRENT LIABILITIES
Payables 1,095,694 1,513,519 -417,825 -28%
Provisions 1,149,738 1,074,692 75,046 7%
Unearned revenue 8,150,057 8,301,739 -151,682 -2%
TOTAL CURRENT LIABILITES 10,395,489 10,889,950 -494,461 -5%
Deferred Tax Liabilities 284,963 284,963 0 0%
Provisions 292,161 241,459 50,702 21%
TOTAL NON-CURRENT LIABILITIES 577,124 526,422 50,702 10%
Total Liabilities 10,972,613 11,416,372 -443,759 -4%
Net Assets/Total Equity 23,025,146 21,388,499 1,636,647 8%

8. Membership Growth
8
Strongest net growth in Australia (97), Hong Kong(74), and Japan(58) contributed a
great portion of the increase in membership.
Membership 2009 2010 2011 2012 2013 2014
YTD Jun
2015
F'cast
2015
Extra Large 13 16 21 20 20 21 21 21
Very Large 31 33 41 45 43 40 42 42
Large 106 141 145 144 147 142 140 140
Medium 276 324 378 402 392 402 415 418
Small 823 867 970 1,114 1,198 1,388 1,716 2069
Very Small 472 637 817 1,021 1,294 1,701 2,071 2445
Associate 449 503 575 788 957 924 526 130
TOTAL 2,170 2,521 2,947 3,534 4,051 4,618 4,931 5,265
New 478 507 615 832 813 805 543 931
Close 163 156 189 245 296 250 159 273
Net Gain 315 351 426 587 517 555 384 658
Average Monthly Net Gain 26 29 36 49 43 46 55 55

9. Membership Growth
9This document is uncontrolled when
Strongest net growth in Australia (162), Hong Kong(131), and Japan(66) contributed
a great portion of the increase in membership.

10. APNIC’s Reserve
10
All amounts in AUD – Australian Dollars

11. 30/06/2015 2014 2013
Total Equity $23,025,146 $21,388,497 $17,826,296
% Equity covered by Cash and/or Equivalents 112.6% 115.7% 119.0%
Forecast/Actual Daily Operating Expenses $45,961 $42,558 $39,959
Number of Months of expenses covered by Equity 16.47 16.52 14.67
Financial Stability Measure
11
All amounts in AUD – Australian Dollars
Target of 18 months of Operating expenses

12. 2015 Activity Reporting
• [Date]
• [xx]

13. 2015 Activity Codes
13

14. 2015 Budget Expense by Activity
14

15. YTD June 2015 Expense by Activity
15

16. YTD June 2015 Expense by Activity
16
EXPENSES (AUD)
YTD Actual
Jun 2015
YTD Budget
Jun 2015
Budget
Variance $ Variance %
Facilities 223,500 217,358 6,142 3%
Finance & Administration 622,753 642,663 -19,910 -3%
Human Resource Management 418,574 461,390 -42,816 -9%
Legal & Governance 309,425 349,677 -40,252 -12%
Total - Corporate 1,574,252 1,671,088 -96,836 -6%
Global Research 252,879 172,407 80,472 47%
Global Technical Community 292,801 345,862 -53,061 -15%
Inter-governmental Outreach 230,159 217,718 12,441 6%
Total - Global Collaboration 775,839 735,987 39,852 5%
APNIC Conferences 585,782 568,884 16,898 3%
Community Engagement 553,312 593,304 -39,992 -7%
Regional Technical Development 577,613 452,359 125,254 28%
Total - Regional Development 1,716,708 1,614,547 102,161 6%
Registration Services 535,331 624,069 -88,738 -14%
Customer Service 1,323,201 1,483,994 -160,793 -11%
Member Training 439,538 510,245 -70,707 -14%
Technical Infrastructure 1,330,313 1,388,978 -58,665 -4%
Total - Serving Members 3,628,383 4,007,286 -378,903 -9%
Total - Expenses 7,695,181 8,028,908 -333,727 -4%

17. YTD June 2015 CAPEX by Activity
17
CAPITAL (AUD)
YTD Actual
Jun 2015
YTD Budget
Jun 2015
Budget
Variance $
Variance
%
Facilities 14,291 14,250 41 0%
Finance & Administration 0 3,000 -3,000 -100%
Total - Corporate 14,291 17,250 -2,959 -17%
Global Research 33,004 39,750 -6,746 -17%
Total - Global Collaboration 33,004 39,750 -6,746 -17%
APNIC Conferences 2,070 13,752 -11,682 -85%
Regional Technical Development 13,372 90,000 -76,628 -85%
Total - Regional Development 15,442 103,752 -88,310 -85%
Registration Services 6,218 3,000 3,218 107%
Customer Service 86,113 38,502 47,611 124%
Member Training 12,106 34,998 -22,892 -65%
Technical Infrastructure 210,553 384,948 -174,395 -45%
Total - Serving Members 314,990 461,448 -146,458 -32%
Total - Capital Expenditure 377,728 622,200 -244,473 -39%