Financial report 2007 APNIC 25 Taipei

Financial status 2007 Membership as at 31 December 2007: –1,584 (Net growth of 222 members) Completed audit of annual accounts: –Operating loss of US$199,467 –Major component from foreign exchange fluctuations with a loss of US$276,945 Conservative approach to financial activities –Operating within budget –Maintaining required level of reserves

Membership status 31 December 2007

Membership by Economy 31 December 2007

Profit and Loss statement - expenses Expenses (USD) Actual 2007 Budget 2007 Budget ∆ Budget ∆% Exchange Rate (*) % Communication expenses175,902124,09351,80942% Depreciation expense477,376437,02440,3529% Donation/ Sponsorship92,16774,39517,77224% ICANN contract fee205,682216,038(10,355)-5% Meeting & training expenses121,075148,314(27,239)-18% Membership fees44,52659,350(14,824)-25% Other operating expenses1,400,1631,242,550157,61313% Professional fees330,705385,095(54,390)-14% Rent376,845325,24851,59816% Salaries3,279,8093,219,89059,9202% Travel expenses1,002,558818,697183,86122% TOTAL EXPENSES7,506,8087,050,692456,1156%

Profit and Loss statement - revenues Revenue (USD) Actual 2007 Budget 2007 Budget ∆ Budget ∆% Exchange Rate (*) % Interest income508,158431,19576,96318% IP resource application fees645,965566,36279,60314% Membership fees5,155,7364,692,842462,89410% Non-members fees120,60777,76842,83955% Per Allocation fees1,056,931723,532333,39946% Sundry income189,294152,41736,87724% SUB-TOTAL REVENUE7,676,6916,644,1151,032,57616% FX rate gain / (loss)(276,945)0 0.0% TOTAL REVENUE7,399,7466,644,115755,63111%

Operating profit/ (loss) Operating Profit/ (Loss) (USD) Actual 2007 Budget 2007 Budget ∆ Budget ∆% Exchange Rate (*) % Total Revenue7,399,7466,644,115755,63111% Total Expenses7,506,8087,050,692456,1156% OPERATING PROFIT/ (LOSS) BEFORE INCOME TAX EXPENSE(107,061 )(406,577)299,516 Income Tax Expense 92,40685,2147,1928% OPERATING PROFIT/ (LOSS) AFTER INCOME TAX EXPENSE(199,467)(491,791)292,324

Balance sheet as at 31 December 2007 Financial Position (USD) Year-End 2007 Year-End 2006 Year-End ∆% Exchange rate(*) % Current Assets8,866,0718,587,3493% Non-current Assets4,073,4103,685,47811% TOTAL ASSETS 12,939,481 12,272,8275% Total Liabilities 5,187,647 5,110,0802% Total Equity 7,751,834 7,162,7488% TOTAL LIABILITIES & EQUITY12,939,48112,272,8275%

Comparison of Annual Revenues and Expenses

Highlights and Priorities Highlights Implemented Australian Dollar fees schedule Developed budget management system/ procedures Implemented new payroll system Priorities Continuous improvement –Improve fee collection procedure –Improve credit management performance –Improve integration of accounts and membership data –Continue review of all internal policies and procedures –Implement management reporting tool –Maintain focus on strong financial and risk management

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