1. Treasurers Update – 6 Months to 30 June 2014

2. 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

3. 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

4. APNIC Membership Growth 4

5. Expenses YTD June 2014 5 Changes to the NRO cost sharing formula Capitalisation of professional fees & reduced audit and financial advice costs

6. Balance Sheet YTD June 2014 6 Capital growth on investments Timing of expenses and accruals

7. APNIC’s Reserve 7

8. Priorities 2 nd half 2014 8 Monthly review of 2014 forecast Review of member fee schedules 2015 Activity Plan and Budget

9. 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

10. 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