Patrisse Desse AFRINIC Finance Function Updates General Updates

Patrisse Déesse

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

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

2012 Financial Review • 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. • 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.

2012 Financial Review

2012 Financial Review

2012 Financial Review

Challenges • 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. • 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.

Prospects • 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. • 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.

I Thank you for your attention