Finance Updates Annual Member Meeting 8 Sep 2006 APNIC 22, Kaohsiung, Taiwan Irene Chan

Finance team… Irene Deirdre Alvin Cynthia May Vani

Highlights Online payment systems –Accept payment via major credit cards online Automate billing reminder systems – Tracking overdue aging accounts invoices

Financial status first half 2006 Continuous membership growth Membership as at 30 June 2006: 1,250 Conservative on financial activities –Expenditure and Revenue below budget

Membership status 30 June 2006

Membership distribution 30 June 2006

Profit and Loss statement Expenses (USD) Actual YTD Budget 2006 Budget YTD Budget ∆ Budget ∆% Exchange Rate (*) % Depreciation expense192,217444,916222,458(30,241)-13.6% ICANN contract fee0232, % Other operating expenses601,6421,468,584734,292(132,349)-18.0% Professional fees190,874425,608212,804(21,930)-10.3% Rent144,300311,492155,746(11,446)-7.3% Salaries1,143,8322,675,3671,337,684(193,851)-14.5% Travel expenses279,084710,855355,427(76,343)-21.5% TOTAL EXPENSES2,552,2506,268,8453,018,410(466,160)-15.4%

Profit and Loss statement Revenue (USD) Actual YTD Budget 2006 Budget YTD Budget ∆ Budget ∆% Exchange Rate (*) % Interest income94,189404,101202,050(107,862)-53.4% IP resource application fees302,318504,538252,26950, % Membership fees1,961,7194,413,8682,206,934(245,215)-11.1% Non-members fees43,22970,68435,3427, % Per Allocation fees349,078681,630340,8158,2642.4% Sundry income121,599100,13850,06971, % SUB-TOTAL REVENUE2,872,1326,174,9583,087,479(215,347)-7.0% FX rate gain / (loss)89, % TOTAL REVENUE2,961,2956,174,9583,087,479(126,184)-4.1%

Operating profit Operating Profit / (Loss) (USD) Actual YTD Budget 2006 Budget YTD Budget ∆ Budget ∆% Exchange Rate (*) % Total Revenue2,961,2956,174,9583,087,479(126,184)-4.1% Total Expenses2,552,2506,268,8453,018,410(466,160)-15.4% OPERATING PROFIT/ (LOSS)409,045(93,887)69,069

Balance sheet as at 30 June 2006 Financial Position (USD) YTD 2006 Year-End 2005∆% Exchange rate(*) % Current Assets7,990,9007,219, % Non-current Assets3,243,4143,195,7461.5% TOTAL ASSETS11,234,31410,415,4887.9% Total Liabilities4,311,908 3,891, % Total Equity6,922,406 6,523, % TOTAL LIABILITIES & EQUITY11,234,31410,415,4887.9%

Priorities Continuous improvement –Simplify membership application –Improve fees collection procedure Reducing aging overdue accounts Maintain financial stability

Any Questions?