The subsidiaries of Euronet Services Inc., all of which are, directly or indire c t l y, wholly owned are: 
-  EFT Services Holding B.V ., incorporated in the Netherlands 
-  Euronet Banktechnikai Szolgaltato Kft. (“Bank Tech”), incorporated in Hungary 
-  Euronet Adminisztracios Szolgaltato Kft. (“Administrative Services”) (formerly SatComNet), incorporated in Hungary 
-  Bankomat 24/Euronet Sp. z o.o. (“Bankomat”), incorporated in Poland 
-  EFT -Usluge d o.o., incorporated in Croatia 
-  Euronet Services GmbH, incorporated in Germany 
-  EFT Services France SAS, incorporated in France 
-  Euronet Services spol. s.r.o., incorporated in the Czech Republic 
-  Euronet Services SRL, incorporated in Romania 
-  Euronet Services (UK) Limited, incorporated in the United Kingdom 
-  Euronet USA Inc. (formerly Arkansas Systems, Inc.) (“Euronet USA”) incorporated in Arkansas, United States of America 
-  EFT Network Services LLC (“Dash”), incorporated in Arkansas, United States of America 
-  Euronet Holding N.V ., incorporated in the Netherlands Antilles (in liquidation)
-  Euronet Eft Services Hellas, incorporated in Greece 
( 2 ) Financial Position and Basis of Preparation
The Company generated an operating loss of $35.4 million and negative cash flows from operations of $16.4 million for the year ended
December 31, 2000, primarily due to the significant costs associated with its investment in delivery, support, re s e a rch and development in its
s o f t w a re subsidiary which was acquired in December 1998. Based on the Company’s current business plan and financial projections, the
Company expects to reduce operating losses and net cash used in operating activities in 2001. In the Network Services Segment, the
Company anticipates that increased transaction levels in its ATM network will result in additional revenues without a corresponding incre a s e
in expenses. In addition, the Company expects to further expand its ATM outsourcing services and offer new value-added services, which will
p rovide continued revenue growth without significantly increasing direct operating expenses or capital investments. In the Software Solutions
Segment, the Company expects reduced operating expenses and improved operating per f o rmance due to a cost r e s t ructuring pro g r a m
i n t roduced in the first quarter of 2001. The Company believes that the credit facility (see note 13), certain asset sales and cash and cash
equivalents at December 31, 2000 will provide the Company with sufficient cash re s o u rces until it achieves positive cash flow. 
Based on the above, management is confident that the Company will be able to continue as a going concern. Accord i n g l y, these consolidated
financial statements have been pre p a red on a going concern basis which contemplates the continuation and expansion of trading activities as
well as the realization of assets and liquidation of liabilities in the ord i n a ry course of business. 
( 3 ) S u m m a ry of Significant Accounting Policies and Practices
(a)  Basis of presentation 
The accompanying consolidated financial statements have been pre p a red in accordance with generally accepted accounting principles in
the United States of America. 
All significant intercompany balances and transactions have been eliminated. 
(b)  Foreign currencies 
F o reign currency transactions are r e c o rded at the exchange rate prevailing on the date of the transactions. Assets and
liabilitiesdenominated in foreign currencies are re m e a s u red at rates of exchange on the balance sheet date. Resulting gains and losses on
f o reign currency transactions are included in the consolidated statement of operations and comprehensive loss.
The financial statements of foreign subsidiaries where the local currency is the functional currency are translated to U.S. dollars using
(i) exchange rates in effect at period end for assets and liabilities, and (ii) average exchange rates during the period for results of