Dot Nom Registry Operator Financial Projections (Quarterly over 4 Years, Low Volume Scenario)
	Currency in USD*
	Year		2001	2001	2001	2001	2002	2002	2002	2002	2003	2003	2003	2003	2004	2004	2004	2004
	Quarter ending		March.01	June.01	Sept.01	Dec.01	March.02	June.02	Sept.02	Dec.02	March.03	June.03	Sept.03	Dec.03	March.04	June.04	Sept.04	Dec.04
A	A S S U M P T I O N S
A1	Registration Growth factor (per annum)	########				100% p.a.				100% p.a.				100% p.a.				100% p.a.
A2	Registration Growth factor (p.q.: per quarter)		19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.	19% p.q.
A3	Number of  members	72	100	102	104	106	108	110	112	114	116	118	120	122	124	126	128	130
A4	Number of staff	0.4	8	8	8	9	9	10	11	12	12	13	14	15	17	18	19	21
B	Price per domain year			5.00	4.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	2.50	2.50	2.50	2.50	2.50
C	Financing balance required per member	40,000	40,000	45,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	45,000	45,000	45,000
D	Number of registrations (domains)	75,000	0	75,000	89,191	106,066	126,134	150,000	178,381	212,132	252,269	300,000	356,762	424,264	504,538	600,000	713,524	848,528
D1	Average duration of new registrations and renewals		0	1.10	1.12	1.14	1.16	1.19	1.21	1.23	1.25	1.28	1.30	1.33	1.35	1.38	1.40	1.43
D2	Number of registration renewals	80%					54,545	63,661	74,301	86,718	101,211	118,126	137,867	160,908	187,800	219,186	255,817	298,570
D3	Number of registrations (years)		0	82,500	99,966	121,129	210,244	253,326	305,259	367,865	443,343	534,346	644,075	776,391	935,955	1,128,392	1,360,487	1,640,434
D4	Cumulated registered domains		0	75,000	164,191	270,257	396,391	546,391	724,772	936,904	1,189,173	1,489,173	1,845,935	2,270,199	2,774,737	3,374,737	4,088,261	4,936,789
E	Domains Registered per year					270,257				666,648				1,333,295				2,666,590
F	RECEIPTS OF FUNDS
G1	Aggregate new members' contribution		1,120,000	90,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	90,000	90,000	90,000
G2	Aggregate current members' additional contribution		0	500,000	510,000	0	0	0	0	0	0	0	0	0	0	-620,000	0	0
H1	Income from registrations		0	412,500	399,864	363,388	630,732	759,979	915,777	1,103,595	1,330,029	1,603,038	1,932,224	1,940,977	2,339,888	2,820,979	3,401,219	4,101,086
I	TOTAL RECEIPTS FOR QUARTER		1,120,000	1,002,500	1,009,864	463,388	730,732	859,979	1,015,777	1,203,595	1,430,029	1,703,038	2,032,224	2,040,977	2,439,888	2,290,979	3,491,219	4,191,086
J	TOTAL Receipts of funds over Year					3,595,752				3,810,083				7,206,268				12,413,171
K	USE OF FUNDS
L1	MANAGEMENT, STAFF, CONSULTANTS
L2	Compensation and social security	100,000	200,000	200,000	200,000	225,000	225,000	250,000	275,000	300,000	300,000	325,000	350,000	375,000	425,000	450,000	475,000	525,000
L3	Office space, equipment, supplies, miscellaneous	10,000	20,000	20,000	20,000	21,514	23,142	24,893	26,777	28,804	30,984	33,329	35,851	38,565	41,483	44,623	48,000	51,633
M1	TECHNICAL RESOURCES
M2	Main SRS Site	0.5	200,000	100,000	109,460	119,816	131,151	143,558	157,139	172,005	188,277	206,089	225,586	246,927	270,287	295,857	323,846	354,483
M3	Backup SRS Site	0.5	200,000	50,000	54,730	59,908	65,575	71,779	78,570	86,003	94,139	103,045	112,793	123,463	135,144	147,929	161,923	177,242
M4	TLD Servers/Zone File Generation/Whois Servers	0.60	200,000	50,000	50,000	40,538	59,459	81,959	108,716	140,536	178,376	223,376	276,890	340,530	416,211	506,211	613,239	740,518
M5	SRS software and standard development		300,000	60,000	60,000	60,000	60,000	65,567	86,973	112,428	142,701	178,701	221,512	272,424	332,968	404,968	490,591	592,415
N	LEGAL EXPENSES	0.5	200,000	50,000	54,730	59,908	65,575	71,779	78,570	86,003	94,139	103,045	112,793	123,463	135,144	147,929	161,923	177,242
O	ADVISORY COUNCIL BUDGET		200,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000
P	MEETING EXPENSES, MISCELLANEOUS	5%	76,000	31,500	32,446	34,334	36,495	40,477	45,587	51,289	56,431	63,629	71,771	81,019	92,812	104,876	118,726	135,927
Q	ICANN gTLD REGISTRY FEES		25,000	25,000	25,000	25,000	30,000	30,000	30,000	30,000	35,000	35,000	35,000	35,000	50,000	50,000	50,000	50,000
R	TOTAL EXPENSES FOR QUARTER		1,621,000	686,500	706,367	746,018	796,397	880,012	987,331	1,107,067	1,220,046	1,371,213	1,542,197	1,736,391	1,999,048	2,252,392	2,543,250	2,904,459
S	TOTAL Use of funds over Year					3,759,884				3,770,807				5,869,846				9,699,150
T	Cash flow		-501,000	316,000	303,497	-282,629	-65,665	-20,033	28,446	96,528	209,983	331,825	490,027	304,586	440,839	38,587	947,969	1,286,627
U	Reserve	1,500,000	999,000	1,315,000	1,618,497	1,335,867	1,270,203	1,250,170	1,278,616	1,375,144	1,585,127	1,916,952	2,406,980	2,711,566	3,152,405	3,190,992	4,138,961	5,425,587
V	Reserve per domain			17.53	9.86	4.94	3.20	2.29	1.76	1.47	1.33	1.29	1.30	1.19	1.14	0.95	1.01	1.10
	*For its Registry Operation CORE may use the EURO instead of USD
D1	CORE in its com/net/org registration activity experiences an average duration of 1.3,					H1	In this financial projection incomes from registration are based on a linear						R	Total expenses in this financial projection are calculated on
	but this a more pessimistic scenario using an average duration growing progressively from 1.1						growth estimate which is most probably pessimistic for the activity in its							the basis of a probable rush effect in the early stages
							early stages.							of the registration activity