[Community-Discuss] [AFRINIC-Announce] AFRINIC Annual Financial Statements 2016
Sunday Folayan
sfolayan at gmail.com
Thu Jun 8 17:00:30 UTC 2017
Hi Arnaud,
I am not saying he worked for free. There is no free lunch even in Freetown.
From 20th April to end of July 2015, the CEO's pay was accounted for,
as consulting fees because he did not have a work permit as at then.
From August to the end of the year, his pay was accounted for as
payment to a Director.
Kind Regards ...
Sunday.
On 08/06/2017 16:02, Arnaud AMELINA wrote:
> Thanks Chair, for your response.
>
> CEO appointment announcement (*) reads:
>
>
> 27 March 2015, Ébène: AFRINIC’s Board of Directors today announced
> the appointment of Mr Alan Barrett as the new Chief Executive Officer
> (CEO). Mr Barrett replaces AFRINIC’s founding CEO, Adiel A. Akplogan,
> and will assume the role on 20 April 2015 for an initial three-year term.
>
>
> It means the CEO served for 8 months in 2015. Humm! Are you saying
> the CEO worked for 3 full months without payment?
>
> ----------------------------
> (*)
> https://www.afrinic.net/en/library/news/1351-announcement-alan-barrett-appointed-as-afrinic-ceo
> <https://www.afrinic.net/en/library/news/1351-announcement-alan-barrett-appointed-as-afrinic-ceo>
>
> Regards
>
> Arnaud
>
>
> Le 1 juin 2017 12:40, "Sunday Folayan" <sfolayan at gmail.com
> <mailto:sfolayan at gmail.com>> a écrit :
>
> Dear Noah,
>
> Find interlaced, my response to your questions.
>
> On 25/05/2017 01:20, Noah wrote:
>> Hello Board Chair,
>>
>> While going through this approved Financial Statements by the
>> Board, I have noted concerns that needs some clarifications.
>>
>> 1. Total emoluments and other benefits given to directors by the
>> Company during the year *2016 were 164.72* compared to *74.49 in
>> 2015 a 221% increase in spend on directors*.
>>
>> Can I ask the reason for such an Increase and can the membership
>> have a breakdown of this figure made public.
>
> There was no increase, neither is there a breakdown to give. The
> CEO was only fully remunerated in 2016 (12 Months). CEO was only
> paid for 5 months in 2015.
>
>>
>> 2. At 31 December 2016, trade receivables amounting to *USD
>> 39,199 in 2016* compared to *2015 : USD 26,098*, were impaired
>> and written off during the year meaning we are not managing our
>> collections. This situation was expected to improve but that
>> doesn't seem to be the case.
>
> The Fees collection situation indeed improved, but the $39,199 you
> see, is defaults from members who went out of business. AFRINIC
> has no control over members going out of business. It does not
> make sense to pursue the recovery of such small amounts using the
> legal option.
>
>>
>> Can I get some clarifications considering in Gaborone when I
>> tasked the board for explain, the board indicated the situation
>> would improve.
>>
>
> There you are!
>
>
>>
>> Noah
>>
>
> Sunday Folayan.
> Chair, AFRINIC Board
>
>>
>>
>>
>>
>> Noah
>>
>> On Wed, Apr 26, 2017 at 10:58 AM, AFRINIC Communication
>> <comm-announce at afrinic.net <mailto:comm-announce at afrinic.net>> wrote:
>>
>> Dear Colleagues,
>>
>> AFRINIC is pleased to advise that the Annual Financial
>> Statements for the financial year to December 2016 is now
>> available at:
>> https://www.afrinic.net/images/doc/Unsigned_AFS_2016.pdf
>> <https://www.afrinic.net/images/doc/Unsigned_AFS_2016.pdf>
>>
>> Kindly take note that, at its meeting on the 19th April 2017,
>> AFRINIC Board approved the Audited Financial Statements as
>> presented (board resolution 201704.332 -
>> https://www.afrinic.net/about/bod/meeting/2017#r332
>> <https://www.afrinic.net/about/bod/meeting/2017#r332>).
>>
>> All the required signatures are being assembled and once
>> completed, a fully signed and complete set of 2016 Audited
>> Financial Statements together with the signed External
>> Auditors reports and Opinions shall be published.
>>
>> As per the bylaws Section 7.6 the audited financial
>> statement will be presented at the AGMM on 1 June 2017, for
>> adoption by the members.
>>
>>
>>
>>
>>
>>
>> _______________________________________________
>> Announce mailing list
>> Announce at afrinic.net <mailto:Announce at afrinic.net>
>> https://lists.afrinic.net/mailman/listinfo/announce
>> <https://lists.afrinic.net/mailman/listinfo/announce>
>>
>>
>>
>>
>> --
>> *./noah*
>>
>>
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>
> --
> --------------------------------------------------
> Sunday Adekunle Folayan
> Managing Director
> General data Engineering Services (SKANNET)
> 16 Oshin Road, Kongi Bodija, Ibadan - Nigeria
> Phone:+234 802 291 2202 <tel:+234%20802%20291%202202>,+234 816 866 7523 <tel:+234%20816%20866%207523>
> Email:sfolayan at skannet.com.ng <mailto:sfolayan at skannet.com.ng>,sfolayan at gmail.com <mailto:sfolayan at gmail.com>
> ---------------------------------------------------
>
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--
--------------------------------------------------
Sunday Adekunle Folayan
Managing Director
General data Engineering Services (SKANNET)
16 Oshin Road, Kongi Bodija, Ibadan - Nigeria
Phone: +234 802 291 2202, +234 816 866 7523
Email: sfolayan at skannet.com.ng, sfolayan at gmail.com
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