December 31, 2000. On a per ATM basis the direct operating costs fell from $12,782 per ATM for the year ended December 31, 1999 to $9,807
per ATM for the year ended December 31, 2000, an improvement of 23%. On a per transaction basis the direct operating costs fell from $0.66
per transaction for the year ended December 31, 1999 to $0.46 per transaction for the year ended December 31, 2000, an improvement of 30%. 
Segment salaries and benefits increased to $7.4 million for the year ended December 31, 2000 from $7.2 million for the year ended December
31, 1999, an increase of 3%. The increase in the year-on-year expenses reflect the continued expansion of the operations to We s t e rn Euro p e a n
markets with significantly higher labor costs than Central Europe as well as some increases in staff levels at the processing center re q u i red to
maintain quality service in line with the rising transaction volumes. As a percentage of Network Services Segment revenue, salaries and benefits
fell from 27% for the year ended December 31, 1999 to 20% for the year ended December 31, 2000. 
Selling, general and administrative costs allocated to the Network Services Segment decreased to $2.4 million for the year ended December 31,
2000 from $2.9 million for the year ended December 31, 1999.  The $500,000 cost decrease for the year ended December 31, 2000 results fro m
the net effect of (1) a $600,000 increase in the allocation of costs from the selling, general and administrative line of the Budapest pro c e s s i n g
center to the operating cost line, as discussed above, from $2.9 million for the year ended December 31, 1999 to $3.5 for the year ended
December 31, 2000 and (2) a $100,000 increase in costs associated with the expansion of the Company’s network operations. 
D e p reciation and amortization increased to $8.0 million for the year ended December 31, 2000 from $7.4 million for the year ended December
31, 1999. The increases are due primarily to the increase in the number of owned ATMs as discussed pre v i o u s l y. The Company also re c o rded an
$800,000 write-down of certain ATM hard w a re assets for the year ended December 31, 2000, as previously discussed. 
1 7
Network Services: EBITDA
Q1            Q2             Q3             Q4 
- 0 . 7
0 . 4
0 . 7
1 . 3