guarantees for financial instruments and as deposits with customs officials. The decrease resulted primarily from the settlement of the forw a rd
f o reign exchange contracts using restricted cash and a release of restricted cash resulting from the posting of a surety bond with the Hungarian
banking institution that supplies cash to the Company’s ATM network in Hungary. 
Trade Accounts  Trade accounts receivable increased to $9.5 million at December 31, 2000 from $7.9 million at December 31, 1999 due
primarily to sales from the Software Solutions Segment and increased Network Services Segment revenues. 
P r o p e r t y , Plant and Equipment  Net pro p e rt y, plant and equipment decreased to $31.7 million at December 31, 2000 from $36.7 million at
December 31, 1999. This decrease is due primarily to a reduction in the rate of installation of ATMs and fixed asset additions. Fixed asset
d e p reciation was in excess of fixed asset additions, and the write-off of $800,000 in ATM hard w a re further reduced the net fixed asset position. 
Intangible Assets  The decrease in net intangible assets to $2.6 million at December 31, 2000 from $16.3 million at December 31, 1999 is due
primarily to the $11.2 million write-down of goodwill and other identifiable intangible assets associated with the Software Solutions Segment (see
Note 9 to the Consolidated Financial Statements – Intangibles). In addition, the decrease is the result of amortization of purchased intangibles
a c q u i red in the Euronet USA acquisition in 1998, and the SBK and Dash acquisitions in 1999. 
Current Liabilities C u rrent liabilities decreased to $20.5 million at December 31, 2000 from $26.9 million at December 31, 1999. This decre a s e
is due primarily to decreases in accrued expenses, billings in excess of costs and estimated earnings on software installation costs and settlement of
the forw a rd foreign exchange contracts. 
Capital Lease Total capital lease obligations including current installments increased to $11.5 million at December 31, 2000 from $10.6 million
at December 31, 1999. This increase is due primarily to additional capital leases resulting from the Company's purchase of Budapest Bank’s AT M
network, consisting of 147 ATMs on May 1, 2000. 
Notes Payable  Notes payable increased to $77.2 million at December 31, 2000 from $72.8 million at December 31, 1999. This is the result of
several transactions as follows: 
(in millions)
Balance at December 31, 1999 $ 7 2 . 8.
U n realized foreign exchange gain (DEM vs. US$) (4.4) 
A c c retion of bond intere s t 8 . 8.
Balance at December 31, 2000 $ 7 7 . 2.
S t o c k h o l d e r ’s Deficit  Stockholders’ deficit increased to $44.8 million at December 31, 2000 from $9.5 million at December 31, 1999. This is
due to the net loss for the year ended December 31, 2000 of $49.6 million which was offset by an increase in additional paid in capital of $14.4
million due to the sale of 1,882,723 shares of common stock for proceeds of $13.0 million, the issue of $400,000 of warrants and the exercise of
390,231 stock options for proceeds of $900,000.
Year 2000 Compliance
The Company’s European and U.S. Y ear 2000 compliance teams re p o rted no material Year 2000 problems during the advent of the year 2000,
either with Euro n e t ’s own systems or the systems of its customers. The Company is unaware of any material Year 2000 complications to date. 
Impact of New Accounting Pronouncements Not Yet Adopted
S F AS 133  The Company is r e q u i red to adopt Statement of Financial Accounting Standard (SFAS) No. 133 “Accounting for Derivative
I n s t ruments and Hedging Activities” as amended by SFAS No. 138 for US GAAP re p o rting as of 1 January 2001. SFAS 133 and 138 establish
accounting and re p o rting standards for derivative instruments, including certain derivative instruments embedded in other contracts (collectively
re f e rred to as derivatives).