Financial report 2011 Trans-European Research and ...12)002-auditedaccounts.p… · Air conditioner...

Financial report 2011

Trans-European Research and Education

Networking Association (TERENA)

Amsterdam

FIN(12)002

TERENA, FIN(12)002 2

Table of Contents

Abbreviated Management Report 3

Financial Statements 4 Balance Sheet as of 31 December 2011 (in €) 4 Statement of Income and Expenditure, 2011 (in €) 6 Cash Flow Statement (in €) 7

Notes to the Balance Sheet and the Statement of Income and Expenditure 9

1 General notes 9 2 Notes to the balance sheet 11 3 Notes to the Statement of Income and Expenditure 14 4 Income and expenditure on projects 18

Other data 24 Destination of the result 24 Events after the 31st of December 24

Auditor’s Report 25


Abbreviated Management Report A full report of the activities of TERENA in 2011 can be found in the TERENA Annual

Report.

Much of the work of TERENA in 2011 was financially supported by the European Union

within the framework of the GN3 project. In line with discussions in the General

Assembly meeting, a small surplus was generated on the TERENA Certificate Service.

Several other activities – REFEDS, the TCS Portal Service and the provision of GLIF

secretariat functions – were funded entirely from earmarked contributions.

The year 2011 ended with a surplus of 70 k€, much higher than the deficit of 81 k€

that was included in the adopted budget. An explanation of differences between

budgeted and actual income and expenditure is provided in these accounts and in

particular in note 3.12.

The General Assembly met twice. During the first meeting, in May, Nokia Siemens

Networks and Huawei Technologies were admitted as new Associate Members. Pierre

Bruyère, who had been elected as Treasurer in 2010, was now elected as President of

TERENA, succeeding Janne Kanner. Marko Bonač was elected as Treasurer. Agathoclis

Stylianou was re-elected as Member at Large.

The General Assembly meeting in October 2011 adopted a budget for 2012 with a

deficit of 36 k€. Because of the economic situation, it decided to keep the membership

fees at the 2008 level.

For the longer term, the financial perspectives for TERENA depend both on the

conditions and the level of funding obtained for externally funded projects and on the

continued commitment by the members to the organisation. The Executive Committee

will closely follow developments in both areas.


Financial Statements Balance Sheet as of 31 December 2011 (in €)

(After appropriation of the result)

Assets 31 December 2011 31 December 2010

Fixed Assets Tangible Fixed Assets Computer equipment 20,900 8,611

Other fixed assets 35,317 42,006

56,117 50,617

Current Assets

Accounts Receivable 438,799 494,636

Cash at Bank and on hand 2,917,006 3,294,009

3,411,922 3,839,262


Liabilities

31 December 2011

31 December 2010

Equity General Reserves 1,508,956 1,438,734

Current Liabilities

Creditors 38,578 51,752 Taxes and social premiums 55,534 53,614

Deferred income TERENA projects 601,597 1,106,912 Pre-issued invoices 1,058,686 1,055,167

Other payables and deferred income 148,571 133,083

1,902,966 2,400,528

3,411,922 3,839,262


Statement of Income and Expenditure, 2011 (in €)

2011 Budget

2011

2010

Income

Membership fees 1,060,194 1,055,000 1,055,167

Earmarked contributions 1,858,046 1,590,000 1,503,891 Interest 58,114 60,000 57,631 Late payment charges 2,194 0 1,579

Other income 1,316 1,000 14,967

Total Income 2,979,864 2,706,000 2,633,235

Expenditure

Personnel costs 1,577,477 1,557,000 1,469,789 Other administrative costs 354,183 381,000 384,656 Travel/meetings 315,549 215,000 242,017

Minor projects funding 0 5,000 0 Membership subscriptions 3,656 4,000 3,384

Contracted services 637,986 598,000 445,652 Financial expenses 20,896 21,000 14,634 Bad debts written off 2,884 3,000 1,603

Project results from earlier years

-2,991 3,000 -9,304

Total Expenditure

2,909,640

2,787,000

2,552,431

Result 70,224 -81,000 80,804

Destination of the result General reserves 70,224 -81,000 80,804


Cash Flow Statement (in €)

2011 2010

NET RESULT 70,224 80,804 Depreciation charges 12,074 15,972

Investments in tangible assets -17,575 -23,725 (Increase)/Decrease in accounts receivable 55,837 92,718 (Increase)/Decrease in current liabilities -497,563 -127,907

NET CASHFLOW -377,003 37,862

Cash in bank and on hand, 1 January 3,294,009 3,256,147

Cash in bank and on hand, 31 December 2,917,006 3,294,009


Notes to the Balance Sheet and the Statement of Income and Expenditure

1 General notes

1.1 General

The Statutes of TERENA state that the association’s objectives are to promote and

participate in the development of a high-quality international information and

telecommunications infrastructure for the benefit of research and education. It will

take whatever steps are required to accomplish that this infrastructure is based on

open standards and uses the most advanced technology available. According to the

Mission and Objectives Statement that was approved by the TERENA General

Assembly in 2002, this entails:

Providing an environment for fostering new initiatives of the European research

networking community;

Supporting joint European work in developing, evaluating, testing, integrating and

promoting new networking, middleware and application technologies through the

TERENA Technical Programme;

Organising conferences, workshops and seminars for the exchange of information

in the European research and education networking community, and pursuing

knowledge transfer to less advanced networking organisations;

Promoting members' interests by representing the common interests and opinions

of the membership in contacts with governments, funding bodies, industry and

other organisations.

1.2 Principles of valuation

General

The accounts have been prepared in accordance with generally accepted principles in

The Netherlands. The currency is the euro. Assets and liabilities are valued at their

nominal value, unless otherwise stated.

Comparison with the previous year

There are no changes in the principles of valuation compared to the previous year.

Currencies other than the euro

Items on the balance sheet that are related to assets and liabilities in currencies other

than the euro are shown at the exchange rate at year-end. Exchange rate differences

are taken into account in the Statement of Income and Expenditure. Transactions in

currencies other than the euro during the year are shown in the accounts at the

average exchange rate for the month involved.


Tangible fixed assets

The fixed assets are valued at costs, less straight-line depreciation on that basis.

The level of depreciation is for

Computer equipment 33.3% annual;

Air conditioner 10.0% annual;

Other assets depreciation in 3, 5 or 10 years, depending

on the asset.

Depreciation is expressed as a fixed percentage of historical costs and is based on

expected useful life. In the year of purchase, the depreciation is calculated from the

month of investment to the end of the year. Purchases are an investment if the

amount invested is more than € 10,000 for computer equipment or more than € 5,000

for other assets, or if the purchase is made for an externally funded activity.

Accounts receivable

Accounts receivable are stated at their face value.

1.3 Principles for determining the result

General

The result is determined as the difference between total income and total expenditure.

Income is shown in the year in which it is received; expenditure is shown as soon as it

is foreseeable.

Earmarked income is shown in the statement of income and expenditure. If such

income is not fully spent during the year, unspent funds are shown on the balance

sheet as prepayments. Expenses financed by prepayments from previous years are

shown in the Statement of Income and Expenditure.

Subsidies

Subsidies are shown as income as soon as it is likely that they will be received.

Sponsor contributions

Contributions from sponsors are shown in the result for the year the contributions

refer to.

Exchange rate differences

Exchange rate differences are shown in the Statement of Income and Expenditure in

the period they occur in.

Expenditure

Costs are recognised at the historical cost convention and are allocated to the

reporting year to which they relate.

1.4 Notes to the Cash Flow Statement

The Cash Flow Statement has been prepared using the indirect method.


2 Notes to the balance sheet

2.1 Tangible fixed assets Computer

equipment

Air

Conditioner

Other

Assets

31 December 2010

Purchase costs 53,057 51,333 8,275

Accumulated depreciation 44,446 16,086 1,517

8,611 35,247 6,758

Movements 2011

Investments 17,575 0 0

Depreciation in 2011 5,286 5,133 1,655

12,289 5,133 1,655

31 December 2011

Purchase costs 27,575 51,333 8,275

Accumulated depreciation 6,675 21,219 3,172

20,900 30,114 5,103

Depreciation percentage 33.3% 10% 20%

2.2 Accounts receivable 31 December 31 December

2011 2010

Outstanding membership fees previous years 0 3,914

Outstanding membership fees current year 8,880 7,972

Outstanding membership fees next year 133,735 153,897

Other receivables 33,511 16,696

Value Added Tax (V.A.T.) 25,345 23,659

Prepayments and accrued income 206,319 245,055

Prepayments on TERENA projects 31,009 43,443

438,799 494,636

All accounts are receivable within a year.

In May 1996, the TERENA General Assembly adopted a set of rules according to which

termination of the TERENA membership will be considered if organisations have

outstanding membership fees of more than two years. Consequently, in May 2012 the

General Assembly will have to decide about the termination of membership of those

organisations that will have not paid their 2010 membership fees by then. As can be

deducted from the table above, this situation will not occur in 2012.


2.3 Cash at bank and on hand 31 December 31 December

2011 2010

Petty cash 230 144

Checking accounts 360,933 227,859

Savings accounts 2,555,843 3,066,006

2,917,006 3,294,009

The cash in banks and on hand is at free disposal of the organisation.

2.4 Equity

Movements were as follows:

General reserves, 31 December 2010 1,438,733

Result 2011 70,244

General reserves, 31 December 2011 1,508,957

2.5 Current liabilities

Creditors

Various creditors with invoices to be paid in the next year.

Deferred income TERENA Projects These are payments that were received this year for activities that will take place next

year.

Pre-issued invoices These are invoices for membership dues for the next year that were sent this year.

Other payables and deferred income 31 December 31 December

2011 2010

Holidays 88,684 75,754

Other payables and deferred income 59,887 57,329

148,571 133,083

All current liabilities have a remaining payment period of less than a year.


2.6 Obligations and rights not shown in the Balance Sheet

Bank guarantee

A bank guarantee for the amount of € 28,616 has been submitted by TERENA in

warranty to the landlord.

Rental contract

The Singel office is 517 square meters and the lease is € 123,748 per year with a

yearly indexation in October. The contract will expire in October 2016.

EU subsidies

The European Commission has the contractual right to audit project accounts for a

period of up to five years after the end of the contract. Such audits may lead to an

adjustment of grant amounts and thus to a request from the Commission for a

repayment of part or all of the amounts that were paid by the Commission.


3 Notes to the Statement of Income and Expenditure

3.1 Membership fees

Budget

2011 2011 2010

Full National Members

Category VIII

France, Germany, Italy, United Kingdom 321,728 321,728 321,728

Category VII

Spain 60,324 60,324 60,324

Category VI

Austria, Belgium, Netherlands, Norway,

Poland, Sweden, Switzerland, Turkey

321,728 321,728 321,728

Category V

Denmark, Finland, Greece, Portugal,

Ireland

150,810 150,810 150,810

Category IV

Czech Republic, Hungary, Israel,

Romania

80,432 80,432 80,432

Category III

Belarus, Croatia, Slovakia, Slovenia 40,216 40,216 40,216

Category II

Azerbaijan 3,016 3,016 3,016

Bulgaria, Latvia, Lithuania, Serbia 16,086 16,086 16,086

Cyprus, Estonia, Iceland, Luxembourg 20,108 20,108 20,108

39,210 39,210 39,210


2011 Budget 2010

2011

Category I

Moldova 1,508 1,508 1,508

Macedonia, Montenegro 4,022 4,022 4,022

Malta 2,514 2,514 2,514

8,044 8,044 8,044

Total Full National Members 1,022,492 1,022,492 1,022,492

Associate Members

ADVA, Cisco, DANTE, EMBL, Extreme

Networks, Juniper, Level(3),

NORDUnet, Tata

22,622 22,622 22,622

Huawei, Nokia Siemens Networks 5,026 0 0

27,648 22,622 22,622

International Members

CERN, ESA 10,054 10,054 10,054

Total Contributions 1,060,194 1,055,167 1,055,167

3.2 Earmarked contributions Earmarked contributions are made up of EU and other subsidies, sponsorship monies

obtained for specific purposes, registration fees for events, payments for specific

services and any other contributions received for specific purposes. For fuller

information on these contributions, see section 4 below.

3.3 Interest 2011 2010

Interest on savings accounts 57,499 57,092

Interest on fixed-term deposits 0 0

Other interest received 615 539

58,114 57,631


3.4 Late Payment charges Charges for late payments of membership fees were € 2,194.

3.5 Personnel costs

2011 2010

Salaries 1,148,435 1,097,579

Pensions premiums 153,565 140,124

Other costs (employer charges, etc.) 275,477 232,086

1,577,477 1,469,789

The average number of employees in Full-Time Equivalents in 2011 was 17.56 (2010:

16.56).

3.6 Other administrative costs 2011 2010

Accommodation costs 150,462 151,818

Office running costs 186,609 207,114

Direct other administrative costs 17,112 25,724

354,183 384,656

3.7 Travel/meetings

2011 2010

Project meetings and travel 256,753 180,127

Other meetings and travel 58,796 61,891

315,549 242,018

3.8 Membership subscriptions TERENA is an Institutional Member of ISOC.

3.9 Contracted services Contracted services are services that are contracted to third parties within the

framework of specific projects. For more information, see section 4 below.


3.10 Financial expenses 2011 2010

Early payment discount 16,700 16,484

Interest paid 0 0

Bank charges 3,552 4,660

Exchange rate differences 644 -6,510

20,896 14,634

3.11 Bad Debts written off

€ 2,884 had to be written off as bad debts in 2011.

3.12 Analysis of the differences between budget and actual

The 2011 surplus of 70k€ is significantly better than the deficit of 81 k€ that was

foreseen in the budget that had been adopted. A major factor was that a larger

amount of personnel costs could be recharged to the GN3 project than had been

budgeted.

Another positive development was a significantly better than budgeted result of the

TERENA Networking Conference 2011 in Prague.


4 Income and expenditure on projects Note: ’General TERENA resources’ in the tables below refers to financial resources built

up by TERENA over the years thanks to non-earmarked income, such as membership

fees, interest received, late payment charges and other general TERENA income.

TERENA Networking

Conferences

2011 2012 2013 TF-CPR

TF-

MSP

Performing

Arts

INCOME

2011

2011

Workshop

2011

General TERENA resources 50,305 55,297 8,745 20,045 4,803 16,142

Earmarked contributions 348,950 34,150 0 3,525 0 7,200

From balance, accrued in 2010 2,000 0 0 0 0 0

To balance, deferred income 0 -34,150 0 0 0 0

Total income 2011 401,255 55,297 8,745 23,570 4,803 23,342

EXPENDITURE

Direct personnel costs 85,878 39,730 5,247 11,818 2,411 8,993

Indirect personnel costs 32,056 14,830 1,958 4,411 900 3,357

Overhead costs 25,199 11,658 1,540 3,468 707 2,639

Direct other administrative costs 9,894 3,420 0 0 0 395

Travel and meeting costs 9,249 14,325 156 923 235 2,789

Contracted services 216,173 0 0 2,950 550 5,169

Other costs

From balance, accrued in 2010 22,806 2,187 0 0 0 0

To balance, prepaid costs 0 -30,853 -156 0 0 0

Total expenditure 2011 401,255 55,297 8,745 23,570 4,803 23,342

Total expenditure previous years 79,893 13,367 394

Cumulative expenditure 481,148 68,664 9,139

paid from earmarked

contributions received in 2011 348,950 0 0

paid from earmarked

contributions received in previous

years 2,000 0 0

paid from general TERENA

resources, 2011 50,305 55,297 8,745


resources, earlier years 79,893 13,367 394

Cumulative income 481,148 68,664 9,139

Funding from earmarked

contributions 72.9% 15.0%

0% 30.8%


Euro Trusted CSIRT TCS TCS

CAMPs REFEDS Introducer training GLIF TCS Portal Portal

2011 Service Project Service

15,740 0 25,087 38,667 0 -19,000 0 0

1,520 79,299 103,392 50,854 56,748 210,517 -15,000 53,000

0 91,712 66,096 13,250 46,709 113,869 28,000 0

0 -107,964 -71,430 0 -19,064 -132,353 0 -34,233

17,260 63,047 123,145 102,771 84,393 173,033 13,000 18,767

9,901 7,974 22,000 25,545 43,250 20,380 0 0

3,696 2,976 8,212 9,535 16,144 7,607 0 0

2,905 2,340 6,455 7,496 12,691 5,981 0 0

0 150 6 725 208 0 0 0

758 4,618 0 29,170 9,628 12 0 0

0 44,989 86,472 11,850 2,472 139,053 13,000 18,767

0 0 0 18,450 0 0 0 0

0 0 0 0 0 0 0 0

17,260 63,047 123,145 102,771 84,393 173,033 13,000 18,767

17,000

30,000

0

30,000

0

0

30,000

8.8% 100% 79.6% 62.4% 100% 111% 100% 100%


INCOME

IPv6

support

in GNU

TF-CSIRT

FIRST

Symposium

GN3

Subtotal:

all

projects

Other

activities

Grand

TOTAL

From general TERENA resources 2,284 0 340,770 558,885 562,933 1,121,818

From earmarked Contributions 16,000 6,635 395,941 1,352,731 1,352,731

From balance, accrued in 2010 0 0 745,276 1,106,912 1,106,912

To balance, deferred income 0 -6,635 -195,768 -601,597 -601,597

Total income 2011 18,284 0 1,286,218 2,416,931 562,933 2,979,864

EXPENDITURE

Direct personnel costs 1,370 0 611,073 895,570 347,617 1,577,477

Indirect personnel costs 512 0 228,095 334,289

262,787 Overhead costs 402 0 179,307 262,787

Other administrative costs 0 0 2,313 17,112 74,285 91,396

Travel and meeting costs 0 0 184,889 256,753 58,796 315,549

Contracted services 16,000 0 80,541 637,986 0 637,986

Other costs 0 12,011 12,011

From balance, accrued in 2010 0 0 0 43,443 43,443

To balance, prepaid costs 0 0 0 -31,009 -31,009

Total expenditure 2011 18,284 0 1,286,218 2,416,931 492,709 2,909,640

Total expenditure previous

years

1,590,943

Cumulative expenditure 2,877,161

paid from earmarked

contributions received in

2011

200,172

paid from earmarked contributions

received in previous years

1,877,768


resources, 2011

340,770


resources, previous years

458,451

Cumulative income 2,877,161

Funding from EU and other

earmarked contributions

87.5%

76.9%


Conferences

2011

The 2011 TERENA Networking Conference took take place in Prague, Czech Republic in

May 2011. The conference results exceeded the financial target set by the TEC by

€70,534 due to good attendance and sponsorship contributions and a significant

contribution from the hosting organisation, CESNET.

2012

The 2012 TERENA Networking Conference will take place in Reykjavik, Iceland in May

2012. Those cost elements that are relevant for determining whether or not the

Conference will have met its financial target have been accounted for as prepaid

expenditure and will be shown in full in the 2012 accounts. The other expenditure in

2011 is booked as a contribution from TERENA’s general resources.

2013

The 2013 TERENA Networking Conference will take place in Maastricht, the

Netherlands, in June 2013. For the accounts, the same method has been followed as

for the 2012 Conference.

TF-CPR 2011

The Task Force on Communications and Public Relations (TF-CPR) has the aim to

exchange ideas, experiences, methods and techniques among research and education

networking organisations in order to improve their communications with organisations

and individuals that use their services, and with other organisations that are relevant

to the research and education networking community. TF-CPR had three meetings in

2011.

TF-MSP 2011

The purpose of the task force TF-MSP is to promote collaboration between research

and education networking organisations in Europe in the area of management of

service portfolios. From April 2011, the work of the TERENA Secretariat to support the

Task Force is funded by the EU through the GN3 project. The figures on page 18

reflect therefore only the first three months of 2011. In that period, the task force had

one formal meeting.

Performing Arts Workshop 2011

Network Performing Arts Production workshops facilitate outreach to new user

communities in the arts and humanities areas. TERENA collaborates with Internet2,

GARR and other European national research and education networks (NRENs) in

organising Network Performing Arts Production workshops at musical and artistic

institutions. In 2011, the third of these workshops took place, hosted by the Gran

Teatre del Liceu in Barcelona. TERENA facilitated the registration process and was

involved in developing the programme of the event. This event was successful,

although with a lower than anticipated number of participants and a higher than

anticipated input of staff hours.


EuroCAMPs 2011

The TERENA EuroCAMP workshops aim to develop the knowledge and skills that are

needed by staff who are involved in the set-up of identity management systems for

authentication and authorisation at the campus level. Four such workshops took place

in 2011, namely an executive EuroCAMP, two training EuroCAMPs and a developers’

EuroCAMP. Earmarked contributions covered only part of the direct cost of the

workshop. The intention is to evolve towards a higher coverage from earmarked

contributions in the coming years.

REFEDS

REFEDS stands for Research and Education Federations. It addresses the need of

existing and emerging e-identity federations operating in the field of education and

research in Europe, Australia, America and Asia to collaborate on policy issues.

TERENA facilitates this collaboration with contributions from the REFEDS sponsors.

Trusted Introducer Service

The Trusted Introducer service started on 1 September 2000. Until 31 August 2011,

the service was provided by S-CURE B.V. under contract with TERENA. Following an

open call for tender, PRESECURE GmbH was contracted to provide the service from 1

September 2011. CSIRTs that are accredited or certified by the Trusted Introducer pay

fees to TERENA.

Starting from 2010, the financial target is that the cost of the service, including the

direct and indirect cost of the support provided by the TERENA Secretariat, will be fully

covered from the fees paid by the accredited and certified CSIRTs. That goal could not

be fully achieved in 2011, but the expectation is that thanks to the new contract with

PRESECURE the contributions from TERENA’s general resources can be reduced

significantly in subsequent years.

CSIRT Training

Following on from the TRANSITS project, TERENA organises training workshops for

members of Computer Security Incident Response Teams. In 2011, two TRANSITS-I

workshops took place, with sponsorship from ENISA (the European Network and

Information Security Agency) and hosted by the European Central Bank in Frankfurt

and IRISS (the Irish Reporting and Information Security Service) in Dublin. A

TRANSITS-II training workshop was hosted by SWITCH in Zurich. During the year,

investments were made in the updating of training modules, leading to a relatively

large contribution from TERENA’s general resources; it is expected that that

contribution will be reduced significantly next year thanks to increased sponsorship

from ENISA and a more cost-effective organisation.

GLIF

GLIF, the Global Lambda Integrated Facility, is an international virtual organisation

that promotes the paradigm of lambda networking. GLIF provides lambdas

internationally as an integrated facility to support data-intensive scientific research,

and supports middleware development for lambda networking. From 1 January 2005,

TERENA is providing the Secretariat for the GLIF. TERENA’s direct costs for providing

these functions are covered by contributions from GLIF participants, and from 2010

also the indirect costs.


TCS (TERENA Certificate Service)

At the request of a number of its members, TERENA organised in 2008 a call for

tender for a Certificate Service, which led to a contract with Comodo CA Ltd that was

signed in April 2009. This service, known as the TERENA Certificate Service (TCS),

builds on an earlier, similar service. It gradually became operational starting from July

2009. It offers not only server certificates but also personal certificates and code-

signing certificates. By the end of 2011, 26 TERENA members had joined TCS. The

original contract with Comodo runs for a period of three years, until 30 June 2012.

Towards the end of 2011, an agreement was signed to extend the service for a further

year, until 30 June 2013.

Starting from 2010, the costs of the service, including the direct and indirect cost of

the support provided by the TERENA Secretariat, are covered entirely by the service

fees paid by the participating member organisations. In 2011, the surplus of income

over expenditure made it possible to add € 19,000 to TERENA’s general resources, in

order to partially recoup earlier investment costs and to enable the further

development of TERENA services.

TCS Portal Project and Portal Service

Confusa is an open-source application developed by UNINETT and the Nordic DataGrid

Federation that offers a good tool for TERENA member organisations participating in

the personal certificate part of the TERENA Certificate Service. At the request of a

number of its members TERENA contracted SURFnet to provide a TCS Web Portal

based on Confusa and hosted on resilient servers, thus allowing organisations to share

running costs. The portal was run as a pilot service as part of a project that started on

1 January 2010 and finished on 30 April 2011.

Based on the experience of the pilot, TERENA decided to offer the Portal as a service

starting on 1 May 2011. The service is being offered for a fixed fee to any NREN

subscribed to the TCS personal certificate service with access to an identity federation.

The portal service is provided Tilburg University under contract with TERENA, while

Austad IT was subcontracted by TERENA to maintain the Confusa software. This

arrangement was originally for a 14-months’ period, until 30 June 2012; towards the

end of 2011, agreements were signed to extend the service for a further year, until 30

June 2013.

At the request of the participating NRENs, a surplus of € 15,000 that remained at the

end of the TCS Portal Project was transferred to the TCS Portal Service. The

participating TERENA members fully covered the costs of the service in 2011. TERENA

staff time spent on the project and the service is accounted for as part of the TERENA

Certificate Service.

IPv6 support in GNU

Seven NRENs, together with TERENA, funded work to make the GNU Gatekeeper

(GnuGK) IPv6 compliant. GnuGK is a full-featured H.323 gatekeeper, available freely

under general public license. It forms the basis for a free IP telephony (VoIP) or video

conferencing system. The project was started at the end of August and completed by

the end of November, 2011.


TF-CSIRT FIRST Symposium

Registration fees were received in 2011 for an event that took place from 30 January

to 1 February 2012 in Rome, Italy, under the name of FIRST/TF-CSIRT Technical

Colloquium.

GN3

The GN3 project is a large project that started on 1 April 2009 and will end on 31

March 2013. The project is partly funded by the European Commission under the 7th

Framework Programme. It is aimed at the continued provision of a high-performance

state-of-the-art European backbone research network. In addition, networking and

joint research activities form part of the project. The partners are 32 European NRENs,

TERENA and DANTE. Until the end of 2011, TERENA’s expenditure on the project was

€ 2,877,161, of which 72.2% is expected to be covered by funding from the EU.

Other

Other activities undertaken by TERENA in 2011 are all explained in the Annual Report.

They include the preparation and follow-up of TEC and General Assembly meetings,

general contacts with member organisations, new project development and general

administrative tasks that cannot be attributed to specific projects.

Amsterdam, 4 April 2012

The Executive Committee,

Pierre Bruyère, President Marco Bonač, Treasurer

Christoph Graf Alberto Pérez Gómez

Miroslav Milinović Agathoclis Stylianou

Vereniging TERENA

Singel 468D

1017 AW Amsterdam

The Netherlands

Other data

Destination of the result

The surplus was added to the general reserves.

Events after the 31st of December

There are no significant subsequent events that could have a material impact on the

Financial Statements.

Financial report 2011 Trans-European Research and ...12)002-auditedaccounts.p… · Air conditioner...

Documents

Transcript of Financial report 2011 Trans-European Research and ...12)002-auditedaccounts.p… · Air conditioner...