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    <p>Dear Noah,<br>
    </p>
    Find interlaced, my response to your questions.<br>
    <br>
    <div class="moz-cite-prefix">On 25/05/2017 01:20, Noah wrote:<br>
    </div>
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cite="mid:CAEqgTWbCMOVK7VYcRoi4JAT4fwePBo=yGBXdTYS5eM4XN_dqtQ@mail.gmail.com"
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          <div>Hello Board Chair,<br>
            <br>
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          While going through this approved Financial Statements by the
          Board, I have noted concerns that needs some clarifications.</div>
        <div><br>
        </div>
        <div>1. Total emoluments and other benefits given to directors
          by the Company during the year <b>2016 were 164.72</b>
           compared to <b>74.49 in 2015 a 221% increase in spend on
            directors</b>. </div>
        <div><br>
        </div>
        <div>Can I ask the reason for such an Increase and can the
          membership have a breakdown of this figure made public.</div>
      </div>
    </blockquote>
    <br>
    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.<br>
    <br>
    <blockquote
cite="mid:CAEqgTWbCMOVK7VYcRoi4JAT4fwePBo=yGBXdTYS5eM4XN_dqtQ@mail.gmail.com"
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        <div>2. At 31 December 2016, trade receivables amounting to <b>USD
            39,199 in 2016</b> compared to <b>2015 : USD 26,098</b>,
          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. <br>
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    </blockquote>
    <br>
    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.  <br>
    <br>
    <blockquote
cite="mid:CAEqgTWbCMOVK7VYcRoi4JAT4fwePBo=yGBXdTYS5eM4XN_dqtQ@mail.gmail.com"
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        <div>Can I get some clarifications considering in Gaborone when
          I tasked the board for explain, the board indicated the
          situation would improve.</div>
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    <br>
    There you are!<br>
    <br>
    <br>
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cite="mid:CAEqgTWbCMOVK7VYcRoi4JAT4fwePBo=yGBXdTYS5eM4XN_dqtQ@mail.gmail.com"
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        <div>Noah</div>
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    <br>
    Sunday Folayan.<br>
    Chair, AFRINIC Board<br>
    <br>
    <blockquote
cite="mid:CAEqgTWbCMOVK7VYcRoi4JAT4fwePBo=yGBXdTYS5eM4XN_dqtQ@mail.gmail.com"
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          <br>
          <br>
          <br>
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        Noah <br>
        <div>
          <div>
            <div>
              <div>
                <div class="gmail_extra"><br>
                  <div class="gmail_quote">On Wed, Apr 26, 2017 at 10:58
                    AM, AFRINIC Communication <span dir="ltr"><<a
                        moz-do-not-send="true"
                        href="mailto:comm-announce@afrinic.net"
                        target="_blank">comm-announce@afrinic.net</a>></span>
                    wrote:<br>
                    <blockquote class="gmail_quote">Dear Colleagues,<br>
                      <br>
                      AFRINIC is pleased to advise that the Annual
                      Financial Statements for the financial year to
                      December 2016 is now available at: <a
                        moz-do-not-send="true"
                        href="https://www.afrinic.net/images/doc/Unsigned_AFS_2016.pdf"
                        rel="noreferrer" target="_blank">https://www.afrinic.net/images<wbr>/doc/Unsigned_AFS_2016.pdf</a><br>
                      <br>
                      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  - <a
                        moz-do-not-send="true"
                        href="https://www.afrinic.net/about/bod/meeting/2017#r332"
                        rel="noreferrer" target="_blank">https://www.afrinic.net/about/<wbr>bod/meeting/2017#r332</a>).<br>
                      <br>
                      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.<br>
                      <br>
                      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.<br>
                      <br>
                      <br>
                      <br>
                      <br>
                      <br>
                      <br>
                      ______________________________<wbr>_________________<br>
                      Announce mailing list<br>
                      <a moz-do-not-send="true"
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                        target="_blank">Announce@afrinic.net</a><br>
                      <a moz-do-not-send="true"
                        href="https://lists.afrinic.net/mailman/listinfo/announce"
                        rel="noreferrer" target="_blank">https://lists.afrinic.net/mail<wbr>man/listinfo/announce</a><br>
                    </blockquote>
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                  <br>
                  <br>
                  <br>
                  -- <br>
                  <div
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                      <div><b>./noah</b></div>
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      <pre wrap="">_______________________________________________
Community-Discuss mailing list
<a class="moz-txt-link-abbreviated" href="mailto:Community-Discuss@afrinic.net">Community-Discuss@afrinic.net</a>
<a class="moz-txt-link-freetext" href="https://lists.afrinic.net/mailman/listinfo/community-discuss">https://lists.afrinic.net/mailman/listinfo/community-discuss</a>
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    <br>
    <pre class="moz-signature" cols="72">-- 
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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: <a class="moz-txt-link-abbreviated" href="mailto:sfolayan@skannet.com.ng">sfolayan@skannet.com.ng</a>, <a class="moz-txt-link-abbreviated" href="mailto:sfolayan@gmail.com">sfolayan@gmail.com</a>
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