Annual Report 2000, RIPE NCC Personnel Fund

General Information

The Stichting "RIPE NCC Personnel Fund" (Fund), Amsterdam was set up in 1997. The Fund's purpose is to grant a one-off allowance to the staff of the RIPE NCC employed for an indefinite period who will be dismissed in the unforeseen event of bankruptcy, cessation of activities or liquidation. The employee would be entitled to an allowance amounting to a maximum of a half-year gross salary as defined in the terms of employment.

The allowance will be paid proportionally in the event that the capital of the Fund is not sufficient.

On the 31st of January the maximum amount of the liability is established by determining which RIPE NCC staff have indefinite contracts. If the capital of the Fund is not sufficient, the RIPE NCC contributes to the Fund. If the capital of the Fund exceeds the maximum amount of the liability, the Fund will reimburse the excess amount to the RIPE NCC.

The RIPE NCC provides free financial and administrative support to the Fund.

Year 2000 Report.

The growth of the RIPE NCC staff during 2000 was less drastic than in previous years and the contribution of the RIPE NCC towards the Fund is about half that of 1999. At the 31st of January 2000 there were 43 employees with an indefinite contract resulting in a liability of the RIPE NCC towards the Fund of 165 kEuro. The assets of the Fund grew from 815 to 996 kEuro. It is expected that in the near future the Fund's assets will level.

During the year 2000 the Fund's Board had a few personnel changes. Naomi de Bruijn, chair, resigned from the Board on the 25th of February. Gerry Berthauer was appointed new member of the Board by the RIPE NCC Workers Council in April 2000. Gerry Berthauer left the RIPE NCC in July 2000. Vesna Manojlovic was appointed as a new member of the Board on December 20. On December 23 both Olaf Kolkman and Kees Neggers where re-appointed as Board members by the RIPE NCC Workers Council and the RIPE NCC Executive Board respectively. The board members are all appointed for a period of 3 years.

These Board changes led to less optimal operation and internal and external communication. The 1999 and 2000 liabilities of the RIPE NCC towards the Fund were not payed in 1999 and 2000 due to administrative delays. [Both amounts have been transferred in 3Q 2001]

In 2000 the Fund's capital was invested in a 'ABN Amro Bedrijf Spaarrekening', a savings account with an interest varying between 3.00 and 3.25 %.


 

RIPE NCC Personnel fund

Balance Sheet 2000


ASSETS

as at December 31,

as at December 31,

2000

in EUR

1999

in EUR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

Receivable RIPE NCC 2000

165,220

0

Receivable RIPE NCC 1999

332,741

332,741

Bank interest receivable

15,738

13,185

Total current assets

513,449 

345,926 

Cash on hand

482,798

469,174

Total assets

996,247

815,100


LIABILITIES

as at December 31,

as at December 31,

2000

in EUR

1999

in EUR

Capital

Fund Balance

815,100

469,000

Surplus 

180,897

346,100

995,997

.

815,100

RIPE NCC current account

250

.

Total liabilities

996,247

815,100


Statement of Income and Expenditure 1999

ASSETS

for the year ending

for the year ending

December 2000

in EUR

December 1999

in EUR

Income

Contribution RIPE NCC

165,221

332,741

Gain on exchange/overpayment

0

174

Interest

15,738

13,185

Total income

180,958

346,100

Expenses

Banking exenses

61

Surplus

180,897

346,100