Dear Hank, The 375K bad debt is based on 1% of LIR accounts being closed due to non-payment. Additionally, we look at trends from the past. Yearly, we close 120 to 160 LIR accounts due to non-payment, and we have an increased LIR fee for 2025. In recent years we do see more uncertainty due to unrest in our service region, and this does have impact on our bad debts. For more information, please see the 2023 Financial Report: https://www.ripe.net/membership/gm/meetings/may-2024/documentation-and-archi... Page 17, 1.4 Judgements and Estimates, and Page 32 has more info on 2023 bad debts. Kind regards, Simon On 08/10/2024 12:31, Hank Nussbacher wrote:
On 07/10/2024 22:28, Kaj Niemi wrote:
Sort of tangential, on page 9 bad debt and depreciation, both non-cash items originating from the balance sheet and being written off as expenses, are attributed 17 and 29 euro respectively out of 1800 euro paid for membership. From an accurate income statement point of view, it is true and correct. From a cash flow perspective there is nothing there (non-cash items, remember?) and the 46 euros of the membership fee are spent elsewhere really.
Page 11 mentions 375K of bad debts. Can we get an explanation of what that entails? Is this LIRs who have not paid their membership? That would represent quite a number of LIRs.
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