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Patrisse Déesse. AFRINIC Finance Function Updates General Updates General Updates 2012 Financial Review 2012 Financial Review Challenges Challenges Prospects.

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Presentation on theme: "Patrisse Déesse. AFRINIC Finance Function Updates General Updates General Updates 2012 Financial Review 2012 Financial Review Challenges Challenges Prospects."— Presentation transcript:

1 Patrisse Déesse

2 AFRINIC Finance Function Updates General Updates General Updates 2012 Financial Review 2012 Financial Review Challenges Challenges Prospects Prospects

3 Finance Function General Updates Department Updates Department Updates Area of responsibilities Area of responsibilities 2012 Focus 2012 Focus Achievements Achievements

4 2012 Financial Review 2012 has been pretty much a typical year. 2012 has been pretty much a typical year. 2012 can be characterized by the recruitments of resources to fill in positions in line with our new structure. 2012 can be characterized by the recruitments of resources to fill in positions in line with our new structure. There has been some delays which are normally associated with recruitments. Such delays are reflected in our costs as under expenditure in some areas. There has been some delays which are normally associated with recruitments. Such delays are reflected in our costs as under expenditure in some areas. On the other hand, the intake of new members has also been slower than anticipated. On the other hand, the intake of new members has also been slower than anticipated.

5 2012 Financial Review

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8 Challenges Our main challenge has revolved around our fee collections Our main challenge has revolved around our fee collections AFRINIC sole source of revenue is membership fees. Delays in fee settlement put a major burden on our operations, in that resources have to be deployed to chase members for payments. AFRINIC sole source of revenue is membership fees. Delays in fee settlement put a major burden on our operations, in that resources have to be deployed to chase members for payments. As from 2012, AFRINIC has started to apply the provisions contained in the RSA with regards to non payments. As from 2012, AFRINIC has started to apply the provisions contained in the RSA with regards to non payments. As from 2013, late payment penalties shall be applied accordingly. As from 2013, late payment penalties shall be applied accordingly.

9 Prospects AFRINIC operation is growing in size and complexities. AFRINIC operation is growing in size and complexities. Such growth will be reflected in our financials and shall have a direct impact on the level of services that we continue to provide. Such growth will be reflected in our financials and shall have a direct impact on the level of services that we continue to provide. With growth comes challenges. At AFRINIC, we are constantly matching our income against our operating costs without compromising service level. With growth comes challenges. At AFRINIC, we are constantly matching our income against our operating costs without compromising service level. We can say that we have reached the level of a mature entity and the fruits of our investments shall manifest itself in the years ahead. We can say that we have reached the level of a mature entity and the fruits of our investments shall manifest itself in the years ahead.

10 I Thank you for your attention


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