Click here to load reader

OM ANNUA · PDF file allowances 1% makeup the total expenditure for the review period (Figure 2). ... TOTALS 98 6 4956 39 41 1 4 29 5174 . OM ... JULY 2 0 13 15 AUGUST 1 1 6 8 SEPTEMBER

  • View
    1

  • Download
    0

Embed Size (px)

Text of OM ANNUA · PDF file allowances 1% makeup the total expenditure for the review period...

  • CCCOOOMMMMMMEEERRRCCCIIIAAALLL RRREEEGGGIIISSSTTTRRRYYY RRReeepppooorrrttt DDDeeeccceeemmmbbbeeerrr 222000111666

    REGISTRATIONS Incorporations for the period ending December 31, 2016 totaled (339) representing an 8% increase in comparison to the total incorporations for the same period in 2015 (285) (Table 4) bringing the total incorporations to date to (5174) (Table 5). Offshore agents Incorporations for the period totaled (103), of which International Business Company IBC totaled (96), Continued in International Business Company CONIBC (4), Foundations (3) were registered for the period (Table7). For the period ending December 31, 2016 onshore agent’s incorporations totaled (236), of which International Business Company IBC (223), company act company CAC (4), foreign company (1), limited liability company LLC (6), limited partnership LP (2) were registered for the period (Table 6). Strike off action for the period ending December 31, 2016 totaled (51), of which International Business Company IBC (35), company act company CAC (5), departures (11), limited liability company LLC (0) cancelation for the period in review brining the YTD total (3370) (Table 8) Revivals and Restorations for the period ending December 31, 2016 totaled (40), of which Company act company CAC (7) revived, International Business Company IBC (33) restored, limited liability company LLC (0) revived bringing the YTD total (236) (Table 9). The Intellectual Property registrations for the period ending December 31, 2016 totaled (11) of which Trademark local marks (10) were registered bringing the YTD total to (122). Trademark UK marks (0) were registered bringing the YTD total to (8). Patents registrations for the month totaled (1) bringing the YTD total to (24). A graphic representation can be found below (Figure 10). TRAVEL No travel was carried out by commercial Registry staff for the month in review.

  • CCCOOOMMMMMMEEERRRCCCIIIAAALLL RRREEEGGGIIISSSTTTRRRYYY RRReeepppooorrrttt DDDeeeccceeemmmbbbeeerrr 222000111666

    The Economic Picture and Outlook:

    REVENUE

    Total revenue earned for the period December 31, 2016 was $1,204,488.72 bringing the total revenue

    YTD $10,971,534.22 (Table 1).

    The Registry’s December 2016 revenue of $1,204,488.72 was earned from annual fees, $1,042,043.47 or

    87%, company registrations & docs $39,035.25 or 3%, any other documents $106,877.57 or 9%,

    trademarks $14,086.17 or 1%, patents $2,446.26 or 0%, makeup the total revenue earned (Figure 1).

    EXPENSES For the period ending December 31, 2016 the total expenditure was $52,921.19 bringing the total

    expenditure YTD $1,277,124.00 (Table 2).

    The Registry’s December 2016 expenditure was absorbed by personal emoluments 61%, maintenance

    services 26%, supplies & materials material 8%, advertising & communication 2% respectively,

    allowances 1% makeup the total expenditure for the review period (Figure 2).

    In December the Registry characterized the activity as “positive”.

  • CCCOOOMMMMMMEEERRRCCCIIIAAALLL RRREEEGGGIIISSSTTTRRRYYY RRReeepppooorrrttt DDDeeeccceeemmmbbbeeerrr 222000111666

    As of December 31, 2016 (Expressed in the Eastern Caribbean Dollar XCD)

    December YTD Revenues $ $ Annual fees 1,042,043.47 9,164,497.91 Company registrations and documents 39,035.83 692,557.36 Any other documents 106,877.57 863,028.98 ACORN Administration fees - 22,849.70 Patents 2,446.26 45,497.78 Trademarks 14,086.17 181,623.98 Registered Agent/Office Fee - -

    Monthly Revenue January 650,934.71 February 686,540.50 March 1,497,662.76 April 615,234.24 May 835,713.00 June 1,276,444.08 July 797,308.74 August 671,965.98 September 1,182,490.53 October 926,468.62 November 626,828.34 December 1,204,488.72

    Total Revenue YTD

    Table 1 Revenue Analysis

    10,971,534.22 1,204,488.72

    10,971,534.22

  • CCCOOOMMMMMMEEERRRCCCIIIAAALLL RRREEEGGGIIISSSTTTRRRYYY RRReeepppooorrrttt DDDeeeccceeemmmbbbeeerrr 222000111666

    Figure 1 Revenue Analysis: another view

    $0.00

    $200,000.00

    $400,000.00

    $600,000.00

    $800,000.00

    $1,000,000.00

    $1,200,000.00

    $1,400,000.00

    Monthly Comparison Revenue Analysis

    Annual Fee

    Company Reg & Doc

    Any Other Docs

    Acorn Admin Fees

    Registered Agent/Office Fee

    Patents

    Trademarks

    87%

    3% 9%

    0% 1%

    December 2016 Revenue Analysis

    Annual Fee

    Company Reg & Doc

    Any Other Docs

    Acorn Admin Fees

    Registered Agent/Office Fee

    Patents

    Trademarks

  • CCCOOOMMMMMMEEERRRCCCIIIAAALLL RRREEEGGGIIISSSTTTRRRYYY RRReeepppooorrrttt DDDeeeccceeemmmbbbeeerrr 222000111666

    As of December 31, 2016 (Expressed in the Eastern Caribbean Dollar XCD) Recurrent Expenditures December YTD $ $ Personal Emoluments 32,076.00 385,861.84 Wages - - Allowances 500.00 13,843.61 Local Travel & subsistence 177.42 2,441.53 International Travel & subsistence - 187,976.33 Communication Expenses 1,100.37 5,900.21 Supplies & Materials 4,040.36 30,645.09 Subscriptions, Periodicals & Books - 940.87 Maintenance Services 13,682.94 42,029.73 Professional & Consultancy Services (ACORN Tech) - 574,866.18 Hosting & Entertainment - 1000.00 Training - 672.05 Advertising 1,344.10 30,946.56 Monthly Expenditure January 97,836.39 February 109,781.75 March 108,607.36 April 263,218.82 May 60,453.43 June 45,519.53 July 198,326.36 August 43,114.57 September 208,049.19 October 59,237.23 November 37,637.56 December 52,921.19 Total Expenditure YTD Table 2 Recurrent Expenditure

    1,277,124.00 52,921.19

    1,277,124.00

  • CCCOOOMMMMMMEEERRRCCCIIIAAALLL RRREEEGGGIIISSSTTTRRRYYY RRReeepppooorrrttt DDDeeeccceeemmmbbbeeerrr 222000111666

    Figure 2 Recurrent Expenditure 2016: another view

    -$20,000.00

    $0.00

    $20,000.00

    $40,000.00

    $60,000.00

    $80,000.00

    $100,000.00

    $120,000.00

    $140,000.00

    $160,000.00

    $180,000.00

    Monthly Comparison Recurrent Expenditure Personal Emoluments

    Wages

    Allowances

    Local Travel & Subsistence

    International Travel & Subsistence

    Communication Expenses

    Supplies & Materials

    Subscriptions, Periodicals & Books

    Maintenance Services

    Professional & Consultancy Services

    Hosting & Entertainment

    Training

    Advertising

    61%

    1% 0%2%

    8%

    0%

    26%

    2%

    December 2016 Recurrent Expenditure

    Personal Emoluments

    Wages

    Allowances

    Local Travel & Subsistence

    International Travel & Subsistence

    Communication Expenses

    Supplies & Materials

    Subscriptions, Periodicals & Books

    Maintenance Services

    Professional & Consultancy Services

    Hosting & Entertainment

  • CCCOOOMMMMMMEEERRRCCCIIIAAALLL RRREEEGGGIIISSSTTTRRRYYY RRReeepppooorrrttt DDDeeeccceeemmmbbbeeerrr 222000111666

    Company Description Count Year End 2013 Count Year End 2014 Count Year End 2015

    CAC 1827 1785 1739

    IBC 17110 17192 17845

    LLC 475 465 531

    LP 42 35 37

    TRUST 13 22 16

    Total 19467 19045 20168 Table 3 Total active Companies held on Register Year End 2013 2014 & 2015

    Figure 3 Total active Companies held on Register Year End 2013, 2014 & 2015: another view

    9%

    88%

    3%0%0%

    Companies on Register Year End 2013

    CAC

    IBC

    LLC

    LP

    9%

    88%

    3%0%0%

    Companies on Reg

Search related