1994 Financial report for RIPE NCC

Dear Contributors,

Enclosed please find the relevant excerpt from the TERENA 1994 Financial
report. The full report will be provided at the meeting in some sample
copies for your inspection, since it is in its complete form available only
on paper. TERENA Financial report was audited by the official auditors and
was accepted by the TERENA General Assembly in its May 1995 meeting.

RIPE NCC is financially operated as an separate cost center within the
TERENA financial administration.


Best regards

Tomaz Kalin
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                                        1994
                                    RIPE NCC





INCOME
______

Contributions                     254.470
Credit balance 1993                51.174
                                  -------
Total income                      305.644


EXPENDITURE
___________

Salaries                          180.196
Computers                          22.565
Travel/subsistence                 19.719
Rent                               18.558
Office running costs               16.129
Recruitment                         1.027
Other expenses                      7.281
                                  -------
Total expenditure                 265.476

Income minus expenditure           40.169
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