Treasurers Update –6 Months to 30 June 2014

Financial Performance YTD June 2014

2

Revenue to be above budget by $348k

Expenses to be below budget by $123k

Surplus to above budget by $471k

Revenue Performance YTD June 2014

3

Membership revenue forecast to be $274k above budget

IP Resource Application fees tracking $141k above budget

Budget included allowance for cost recovery training

APNIC Membership Growth

4

Expenses YTD June 2014

5

Changes to the NRO cost sharing formula

Capitalisation of professional fees &reduced audit and financial advice costs

Balance Sheet YTD June 2014

6

Capital growth on investments

Timing of expenses and accruals

APNIC’s Reserve

7

Priorities 2nd half 2014

8

• Monthly review of 2014 forecast• Review of member fee schedules• 2015 Activity Plan and Budget

Activity Reporting

• Introduce a activity view of APNIC’s costs and resourcing by allocating resources and costs – Allocate all transactions to activity codes at source; Invoices,

Journals etc.– Report FTE(Headcount), Operating Expenses, and Capital

Expenditure by Activity.– 2015 Budget submission to include breakdown of resources and

expenditures by Activity

9

Activity Codes 2015

10

Serving Members:• IP Registration Services• Customer Service• Technical Infrastructure• Member Training

Regional Development & Outreach:• APNIC Conferences• Regional Technical Development• Regional Community Engagement

Global Collaboration:• Global Technical Community• Governance• Global Research

Corporate:• Human Resource Management• Finance & Administration• Legal & Governance• Facilities