APNIC EC Treasurer Report
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APNIC EC Treasurer Report, by Kenny Huang. A presentation given at APNIC 42's AMM (1) session on Wednesday, 5 October 2016.
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APNIC EC Treasurer Report
- 1. Treasurer’s Report APNIC Member Meeting – October 2016
- 2. Treasurer’s Report • Year to date June 2016 Financial Report • Year to date June 2016 Activity Reporting 2
- 3. June 2016 Year to Date Financial Report
- 4. Key Measures at 30 June 2016 • Strong Member growth – 544 new Members to June 30 ✔ • Revenue $173k (1.8%) above budget ✔ • Expenses $69k (0.8%) below budget ✔ • Surplus $242k (23.3%) above budget ✔ • Full Year Forecast surplus $847k above budget ✔ • Financial Stability measure up to 16.84 months of Operating Expenses ✔ 4 All amounts in AUD – Australian Dollars
- 5. Operating Surplus (AUD) Actual YTD Jun 2016 Budget YTD Jun 2016 Budget Variance Budget Variance % Forecast 2016 Budget 2016 Forecast Var. Forecast Variance % Total Revenue 9,832,034 9,659,082 172,952 1.8% 20,164,379 19,491,288 673,091 3.5% Total Expenses 8,551,992 8,621,006 -69,014 -0.8% 17,917,371 18,091,244 -173,873 -1.0% Operating Surplus 1,280,042 1,038,076 241,966 23.3% 2,247,008 1,400,044 846,964 60.5% Operating Surplus – YTD June 2016 5 All amounts in AUD – Australian Dollars YTD June 2016 surplus reported at $242k above budget Full year Forecast is $2.247M, $847k more than budget
- 6. Statement of Income - Revenue 6 All amounts in AUD – Australian Dollars Revenue YTD June was $173k above budget, • Stronger membership growth than anticipated Ø Increased Sign-Up Fees and Membership Fee Revenue • Increase in Transfer activity Full year 2016 forecast to be $673k above budget Revenue (AUD) Actual YTD Jun 2016 Budget YTD Jun 2016 Budget Variance Budget Variance % Forecast 2016 Budget 2016 Forecast Var. Forecast Variance % Sign-Up fee 249,000 219,000 30,000 13.7% 498,000 438,000 60,000 13.7% Investment income 286,007 416,250 -130,243 -31.3% 767,257 832,500 -65,243 -7.8% Membership fees 9,027,285 8,809,000 218,285 2.5% 18,332,077 17,736,118 595,959 3.4% Non-members fees 119,600 123,084 -3,484 -2.8% 242,686 246,170 -3,484 -1.4% Reactivation fees 22,200 22,998 -798 -3.5% 45,202 46,000 -798 -1.7% Transfer fees 72,986 37,500 35,486 94.6% 125,486 75,000 50,486 67.3% Sundry income 54,955 31,250 23,705 75.9% 153,671 117,500 36,171 30.8% Total Revenue 9,832,034 9,659,082 172,952 1.8% 20,164,379 19,491,288 673,091 3.5%
- 7. Membership Growth 7 Growth continuing in “Small” and “Very Small” tiers Membership 2009 2010 2011 2012 2013 2014 2015 YTD June 2016 Forecast 2016 Extra Large 13 16 21 20 20 21 22 22 22 Very Large 31 33 41 45 43 40 44 45 45 Large 106 141 145 144 147 142 137 136 136 Medium 276 324 378 402 392 402 431 432 432 Small 823 867 970 1,114 1,198 1,388 2,165 2,466 2,685 Very Small 472 637 817 1,021 1,294 1,701 2,336 2,454 2,540 Associate 449 503 575 788 957 924 133 106 106 Total 2,170 2,521 2,947 3,534 4,051 4,618 5,268 5,661 5,966 New 478 507 615 832 813 805 968 544 1,000 Close 163 156 189 245 296 250 318 151 302 Net Gain 315 351 426 587 517 555 650 393 698 Average Monthly Net Gain 26 29 36 49 43 46 54 66 58
- 8. Membership Growth 8This document is uncontrolled when
- 9. Statement of Income - Expenses 9 All amounts in AUD – Australian Dollars Expenses YTD June 2016 were $8,552k, $69k below budget Forecast to be below budget by $174k at the end of 2016 Expenses (AUD) Actual YTD Jun 2016 Budget YTD Jun 2016 Budget Variance Budget Variance % Forecast 2016 Budget 2016 Forecast Var. Forecast Variance % Bank Charges 77,076 85,002 -7,926 -9.3% 162,074 170,000 -7,926 -4.7% Communication expenses 253,012 278,088 -25,076 -9.0% 497,610 556,186 -58,576 -10.5% Computer expenses 271,122 312,276 -41,154 -13.2% 575,367 624,521 -49,154 -7.9% Depreciation expenses 390,592 406,182 -15,590 -3.8% 790,775 812,365 -21,590 -2.7% ICANN contract fee 130,998 130,998 0 0.0% 257,000 262,000 -5,000 -1.9% Insurance expense 67,481 68,100 -619 -0.9% 130,181 136,800 -6,619 -4.8% Meeting and Training expenses 111,858 178,944 -67,086 -37.5% 425,814 447,900 -22,086 -4.9% Office operating expenses 158,657 162,840 -4,183 -2.6% 321,493 325,676 -4,183 -1.3% Professional fees 701,132 743,818 -42,686 -5.7% 1,465,434 1,473,120 -7,686 -0.5% Salaries and personnel expenses 5,048,890 4,885,434 163,456 3.3% 10,231,618 10,231,618 0 0.0% Sponsorship and publicity expenses 139,845 163,652 -23,807 -14.5% 648,943 639,750 9,193 1.4% Travel expenses 1,000,444 980,010 20,434 2.1% 1,980,434 1,960,000 20,434 1.0% Other Expenses 200,885 225,662 -24,777 -11.0% 430,628 451,308 -20,680 -4.6% Total Expenses 8,551,992 8,621,006 -69,014 -0.8% 17,917,371 18,091,244 -173,873 -1.0%
- 10. Capital Expenditure 2016 10 CAPEX will be below budget by the end of 2016 by $300k • Some planned expenditure moved to Operating Expenses • Planned strategy for virtualization of remote sites under review All amounts in AUD – Australian Dollars Actual YTD Jun 2016 Budget YTD Jun 2016 Budget Variance Budget Variance % Forecast 2016 Budget 2016 Forecast Var. Forecast Variance % Equipment & Software 519,632 891,954 -372,322 -41.7% 1,498,884 1,783,884 -285,000 -16.0% Office Furniture & Fittings 4,434 33,384 -28,950 -86.7% 51,765 66,765 -15,000 -22.5% Total Capital Expenditure 524,066 925,338 -401,272 -43.4% 1,550,649 1,850,649 -300,000 -16.2%
- 11. Statement of Financial Position 11 All amounts in AUD – Australian Dollars Financial Position (AUD) June 30 2016 Dec 31 2015 Change Change % Current Assets Cash/ Term deposits 7,645,922 6,286,996 1,358,927 21.6% Receivables 1,017,275 896,345 120,930 13.5% Others 643,270 589,997 53,273 9.0% Total Current Assets 9,306,467 7,773,338 1,533,129 19.7% Non-Current Assets Other financial assets 19,639,111 18,951,801 687,310 3.6% Property, plant and equipment 7,972,920 7,842,424 130,497 1.7% Deferred tax assets/ liabilities 139,580 139,580 0 0.0% Total Non-Current Assets 27,751,612 26,933,805 817,807 3.0% Total Assets 37,058,079 34,707,143 2,350,936 6.8% Current Liabilities Payables 1,029,268 1,144,483 -115,216 -10.1% Provisions 1,201,422 1,138,287 63,134 5.5% Unearned revenue 9,111,896 8,546,573 565,323 6.6% Total Current Liabilities 11,342,585 10,829,344 513,241 4.7% Non Current Liabilities Deferred Tax Liabilities 276,432 276,432 0 0.0% Provisions 301,930 281,908 20,022 7.1% Total Non-Current Liabilities 578,362 558,340 20,022 3.6% Total Liabilities 11,920,947 11,387,683 533,264 4.7% Net Assets/Total Equity 25,137,132 23,319,460 1,817,672 7.8%
- 12. APNIC’s Reserve 12 All amounts in AUD – Australian Dollars
- 13. Financial Stability Measure 13 All amounts in AUD – Australian Dollars Target of 18 months of Operating expenses June 30 2016 Dec 31 2015 Change Change % Total Equity 25,137,132 23,319,460 1,817,672 7.8% Total Cash/Cash Equivalents 27,285,033 25,238,797 2,046,237 8.1% % Equity covered by Cash/Equivalents 108.5% 108.2% 0.3% Forecast/Actual Daily Operating Expenses 48,955 46,077 2,878 6.2% # of Months covered by Equity 16.84 16.64 1.2%
- 16. June 2016 YTD Expense by Activity 16 0.0 1.0 2.0 3.0 4.0 5.0 Corporate Global Cooperation Regional Development Serving Members $M AUD YTD Budget 2016 YTD Jun Actual 2016 All amounts in AUD – Australian Dollars
- 17. June 2016 YTD Expense by Activity 17 EXPENSES (AUD) Actual YTD Jun 2016 Budget YTD Jun 2016 Variance $ Variance % Facilities 245,143 206,145 38,998 19% Finance & Administration 655,867 716,086 -60,219 -8% Human Resource Management 496,411 513,467 -17,056 -3% Legal & Governance 343,220 356,323 -13,103 -4% Total - Corporate 1,740,642 1,792,021 -51,380 -3% Global Research 204,612 205,845 -1,233 -1% Global Technical Community 486,551 410,497 76,054 19% Inter-governmental Outreach 179,170 135,734 43,436 32% Total - Global Cooperation 870,334 752,076 118,258 16% APNIC Conferences 539,539 567,624 -28,085 -5% APNIC Foundation 106,085 88,063 18,022 20% Community Engagement 561,551 543,695 17,856 3% Regional Technical Development 428,868 441,359 -12,492 -3% Total - Regional Development 1,636,043 1,640,741 -4,698 -0% Registration Services 705,606 779,058 -73,452 -9% Customer Service 1,666,487 1,450,339 216,148 15% Member Training 495,503 546,009 -50,506 -9% Technical Infrastructure 1,437,378 1,660,762 -223,384 -13% Total - Serving Members 4,304,975 4,436,168 -131,194 -3% Total - Expenses 8,551,992 8,621,006 -69,014 -1% All amounts in AUD – Australian Dollars
- 18. YTD June 2016 CAPEX by Activity 18 CAPITAL (AUD) Actual YTD Jun 2016 Budget YTD Jun 2016 Variance $ Variance % Facilities 4,434 33,384 -28,950 -87% Finance & Administration 5,598 4,752 846 18% Human Resource Management 3,162 1,752 1,410 80% Legal & Governance 3,800 1,752 2,048 117% Total - Corporate 16,994 41,640 -24,646 -59% Global Research 25,920 34,998 -9,078 -26% Global Technical Community 4,460 1,998 2,462 123% Inter-governmental Outreach 2,490 1,752 738 42% Total - Global Cooperation 32,870 38,748 -5,878 -15% APNIC Conferences 6,105 11,502 -5,397 -47% Regional Technical Development 7,920 90,000 -82,080 -91% Total - Regional Development 14,025 101,502 -87,477 -86% Registration Services 6,072 3,000 3,072 102% Customer Service 26,466 123,906 -97,440 -79% Member Training 128,453 37,002 91,451 247% Technical Infrastructure 299,186 579,540 -280,354 -48% Total - Serving Members 460,177 743,448 -283,271 -38% Total - Capital Expenditure 524,066 925,338 -401,272 -43% All amounts in AUD – Australian Dollars
- 19. Questions? 19