National Australia Day Council. Annual Report

Transcription

1 National Australia Day Council Annual Report

2 The National Australia Day Council is generously supported by the Australian Government through the Department of the Prime Minister and Cabinet. National Australia Day Council Limited 2007 National Australia Day Council Limited Old Parliament House King George Terrace Parkes ACT 2600 Telephone: Facsimile: Web sites: ACN ABN

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5 Table of contents Chair s Message 7 Board of Directors 8 Charter 9 National Director s Report 10 Recipients of the Australian of the Year Awards Statutory Financial Statements as at June Directors Declaration 26 Auditors Independence Declaration 27 Auditors Report 28 Income Statement 30 Balance Sheet 31 Statement of Recognised Income and Expense 32 Statement of Cash Flows 33 Notes to and Forming Part of the Accounts 34 Australia Day National Network 44 Sponsors 46

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7 Chair s Message Australia Day is the day that we celebrate all that is great about Australia and being Australian. It affirms our commitment to playing an active part in the life of our remarkable nation. The National Australia Day Council (NADC) delivers a number of programmes that aim to engage every Australian in Australia Day reflection, celebration and participation. Two NADC events - Dawn and Australia Day Live! are particularly noteworthy for growing the traditions of Australia Day. Dawn provides the nation with a moment of reflection on what it means to be Australian before the day itself. This year, the Governor General, His Excellency Major General Michael Jeffery AC CVO MC, was joined by ACT Australian of the Year Michael Milton and the Young Australian of the Year finalists on the summit of Mt Stromlo to contemplate the meaning of 26 January. In its third year, Dawn is a vital part of building on the reflective nature of Australia Day. Australia Day Live! on Australia Day eve launches the beginning of festivities with a nationally broadcast concert held in the capital city. The event aims to encourage every Australian to celebrate our national day in their own way: from hosting a backyard BBQ to attending an Australian Citizenship ceremony. Both of these programmes go to the heart of two of the NADC s key goals for Australia Day: meaning and participation. A third goal is recognition, and this comes through the Australian of the Year Awards.The awards programme has gone from strength to strength with 3,263 nominations and 111 inspirational finalists drawn from across the nation this year. The national recipients for 2007, Professor Tim Flannery, Mr Phillip Herreen, Ms Tania Major and Mr Shanaka Fernando, are outstanding Australians. Their stories encourage other Australians to play an active part in their nation and this year s expansion of the Tour of Honour programme has increased the opportunities for Australians to hear from this amazing group first hand. Another significant activity in 2007 was Look Up and Smile. This event photographed the beauty and celebration of Australia Day from space and high up in the sky, and saw the creation of the largest ever Aboriginal artwork recorded at New Norcia in Western Australia. These initiatives are achieved through the NADC and its broad network of affiliates and partners. On behalf of the NADC, I want to thank our state and territory colleagues, our corporate partners and supporters and the Australian Government for their enthusiastic support for our work. The NADC board and I look forward to continuing to inspire national pride and spirit and encouraging the celebration of Australia and being Australian. Lisa Curry Kenny MBE OAM Chair National Australia Day Council annual report

8 Board of Directors as at 30 June 2007 Ms Lisa Curry Kenny MBE OAM Chair Managing Director Curry Kenny Group Ms Shelley Reys Deputy Chair Managing Director Arrilla - Indigenous Consultants and Services Mr William (Bill) Lenehan Chair, Audit Committee Company Director Mr Fergus Ryan Acting Chair, Audit Committee Australian Foundation Investment Company Dr James Bradfield Moody General Manager, International Development CSIRO Mr Ian Elliot Company Director and Consultant Mr Duncan Lewis AO DSC CSC Deputy Secretary Department of the Prime Minister and Cabinet Mr Quang Luu AO Former Head SBS Radio Mr Andrew Metcalfe Secretary Department of Immigration and Citizenship Dr Bruce Walker Chief Executive Officer Centre of Appropriate Technology Inc. Board members who retired during Dr Antonio (Tony) Cocchiaro AM Medical Practitioner Midwest Health Professor Margaret Seares AO Senior Deputy Vice-Chancellor University of Western Australia National Australia Day Council annual report

9 Charter Vision Inspire national pride and spirit to enrich the life of all Australians. Mission The National Australia Day Council works with and for the people and government of Australia to: Unite all Australians through celebration with a focus on Australia Day; Promote the meaning of Australia Day through activity, education, reflection, discussion and debate; and Promote good citizenship, values and achievement by recognising excellence and service to the communities and the nation. Values The National Australia Day Council will at all times observe the values of inclusiveness, fairness, social responsibility, open communication, accountability to government and ethical practice. With passion and enthusiasm the National Australia Day Council will share its vision with the national network, partner organisations, sponsors and supporters. National Australia Day Council annual report

10 National Director s Report The National Australia Day Council s programmes encouraged reflection and celebration for Australia Day and the prominence of the Australian of the Year Awards continued to inspire national pride and active citizenship this year. On Australia Day 2007, 28% of Australians attended an organised Australia Day event and a further 26% of Australians celebrated with family or friends with the clearly articulated intention of acknowledging Australia Day. We have been delighted to see an enhanced understanding of the meaning of Australia Day as being more than simply a public holiday. For example, the top reason for celebrating Australia Day cited in NADC commissioned research was to celebrate being Australian and to celebrate the Australian way of life. 1 There was also a record number of nominations for the Australian of the Year Awards. We were pleased to learn that 81% of Australians considered the Australian of the Year Awards important to the life of the nation. Of particular interest is the strong support from younger Australians with 91% of people aged considering the Awards important. 2 1 Research undertaken by the Sustainable Tourism Cooperative Research Centre following Australia Day Research undertaken by Elliot and Shanahan following Australia Day Key Outcome Areas In order to achieve its mission, the NADC structures its activity in three outcome areas, each with supporting aims. Key Outcome Area 1 Australia Day Key Outcome Area 2 Australian of the Year Awards Key Outcome Area 3 Corporate Support Unite all Australians through celebration with a focus on Australia Day Promote the meaning of Australia Day through activity, education, reflection, discussion and debate Promote good citizenship, values and achievement by recognising excellence and service to communities and the nation Maximise efficiencies and effectiveness of the two programme outcome areas. 10 National Australia Day Council annual report

11 Key Outcome Area 1 Australia Day This outcome area unites all Australians through celebration, with a focus on Australia Day, and promotes the meaning of Australia Day through activity, education, reflection, discussion and debate. Goals and highlights of successes follow. A. Build understanding of 26 January as the day we come together as a nation to celebrate what s great about Australia and being Australian Mass media advertising campaign with all media placement free of charge with the support of the Government Communications Unit and Universal McCann to the value of 1.9 million (an increase of 900,000 from Australia Day 2006):» television community service announcement» radio community service announcement» magazine advertising» print advertising» internet banner advertising. National communications activities included:» avant cards» over 3.75 million pocket calendars in Woolworths/Safeway stores» promotional materials for local Australia Day Committees»» distribution of a radio series featuring eminent Australians website with well over 300,000 site visits in January The Look Up and Smile project asked Australians to put themselves in the picture by photographing their Australia Day experiences. In addition three large scale artworks, photographed from high altitude aircraft, were created as one part of the project. One of these was the creation of the largest-ever recorded Indigenous Australian artwork at the Benedictine Community of New Norcia in Western Australia. An interactive Australia Day postcard website and competition was a new initiative and saw 12,000 entries received. The winners received a barbeque and barbeque pack. The tradition of the Australia Day Live! concert continued to build. It was again held on the lawns of Parliament House on 25 January and was broadcast nationally on Network Ten. Hundreds of press articles and broadcast media stories and interviews that included NADC key messages were recorded across the country. National Australia Day Council annual report

12 The national primary schools competition achieved 400 entries and winners were awarded for each state and territory. The Australia Day education resources for upper and lower primary students were distributed to teachers upon request. B. encourage participation in Australia Day activities Research indicated participation in Australia Day is high with 28% of respondents attending an organised event, and 26% stating they had got together with family / friends with the aim of celebrating Australia Day. The Australia Day Live! concert grew in tradition and importance. After an excellent four-year relationship with Network Ten, the NADC has secured a partnership with the Nine Network for Anecdotal reports from the state and territory Australia Day Councils suggests that crowds remained strong at major capital city Australia Day events. In the national capital attendance at events remained strong with over 50,000 people attending Australia Day events on 25 January and 26 January. Guest numbers were maintained at the Australia Post corporate functions held in each state and territory. The Australia Day achievement medallion programme grew again in 2007 with 1,600 medallions presented to government departments, agencies, and local committees. National leaders participated in Australia Day events and activities. The Governor General, His Excellency Major General Michael Jeffery AC CVO MC, participated in Stromlo Dawn on 22 January. The Prime Minister, the Hon John Howard MP, announced the Australian of the Year Award national recipients on 25 January and officiated at an Australian citizenship ceremony and flag-raising in Canberra on Australia Day. C. Create a programme which is inclusive of all Australians A Reconciliation Action Plan was developed along with a statement of the NADC s commitment and intent to work towards reconciliation between Indigenous and non Indigenous Australians to enrich the life of all Australians. A specially commissioned Aboriginal artwork from the Yuat people, Peace, was recreated on an epic scale on Australia Day 2007 at the Benedictine Community of New Norcia in Western Australia. A targeted media release about the NADC s commitment to reconciliation was distributed in the lead up to Australia Day. The Dawn event at Mt Stromlo continued a strong inclusive and reconciliation theme. Key Outcome Area 2 Australian of the Year Awards This outcome area promotes good citizenship, values and achievement by recognising excellence and service to local communities and the nation. Goals and highlights of successes follow. A. inspire Australians as a result of the awards programme Research indicates that Australians are inspired by those who applied their talents for the common good, reflecting the criteria for the Australian of the Year Awards. 3 Award recipients continue to be in demand to appear at events around the country. The national announcement was broadcast nationally twice on Network Ten (once on Australia Day at 4.30pm and again on Sunday 28 January at 12pm) with a total viewing audience of 467,000 people. After an excellent four-year relationship with Network Ten, the NADC has secured a partnership with the Nine Network for Research undertaken by Elliot and Shanahan following Australia Day National Australia Day Council annual report

13 B. Build the awards brand to inspire widespread community interest and involvement in the programme 3,263 nominations were received for the 2007 Awards, for 2,868 individuals. More than 4.2 million nomination forms were distributed. Research undertaken through the year indicates that 81% of Australians think the Australian of the Year Awards are important, and that 91% of those who had nominated someone for an award before would do so again. The 2007 Award recipients come from diverse areas of community life and cultural backgrounds. C. strengthen the management of the awards programme Eighty-five per cent of people who nominated someone for the awards found the process not at all difficult. All finalists and recipients were of a high calibre and were well received. An efficient and effective business plan was developed, delivered and reviewed following each phase of the programme. Programme sponsorship increased by approximately 5.5% in the financial year. Key Outcome Area 3 Corporate Support The corporate support function maximises the efficiency and effectiveness of the two programme outcome areas. Goals and highlights of successes follow. A. maintain positive and regular communication with the Australia Day network to maximise programme outcomes For the first time in the recent history of the Australia Day National Network we have achieved an integrated approach to business planning. Through the year the Network agreed on a Network Plan The plan outlines the key priorities of the Network, being:» National Marketing» Network Connectedness» Community Capacity Building» Shared Programmes and Partnerships. The national network of state and territory Australia Day affiliate organisations has grown in strength in To support the delivery and administration of the programmes, the NADC distributed a total of 739,000 in grants to these organisations. The NADC facilitated three major planning meetings of the Network through the year. This included two meetings of executive directors and one combined meeting of the chairs and executive directors. B. ensure high standards of corporate planning and governance throughout the organisation In , NADC programmes were directly aligned to the goals and objectives set out in the NADC Strategic Plan. In concert with the national network business planning, the NADC has created a new business plan. The NADC Plan includes key priorities which are:» Build and protect the brand» Connect with all Australians» Lead, empower and resource the Network» Demonstrate the NADC s value to grow resources and programmes. Regular board and audit committee meetings were held with comprehensive and timely reporting. A full-time Corporate Services Manager was recruited in 2007 to ensure good corporate governance. Research undertaken by Elliot and Shanahan following Australia Day National Australia Day Council annual report

14 C. maintain financial viability of the organisation Members equity (net assets) at 30 June 2007 was 855,453 representing 17% of the year s expenditure. This is a strong achievement and is the result of continued success in raising sponsorship. A total of 3.06 million of cash and quantifiable contra sponsorship and partnership funds were secured for the year. This represents 57% of total income. Partners and sponsors are listed below. Corporate and Government Partners Australia Day Cash Partners National Capital Authority Australia Post Microsoft Department of Immigration and Citizenship Department of Education, Science and Training Australian Capital Tourism ACT Chief Minister s Department The Canberra Times Australia Day Contra Partners Woolworths Limited George Patterson Y&R Penfold Buscombe Universal McCann Australian of the Year Awards Contra Partners Qantas Airways Holiday Inn Hotels and Resorts National Seniors Association Australian of the Year Awards Media Partners Network Ten news.com.au ABC Local Radio SBS Radio Nine Darwin Imparja Television Southern Cross Ten Southern Cross Television Tasmania NADC Staff at 30 June 2007 National Director Warren Pearson Australian of the Year Awards National Manager, Awards Operations Manager, Awards Communications Coordinator, Awards Administration Assistant, Awards Australia Day National Manager, Australia Day (part-time) Tamara Johnston Kirrily McIntosh Melissa Leddin Brooke Roughton Catherine McElhone Australian of the Year Awards Cash Partners Commonwealth Bank of Australia National Capital Authority Department of Families, Community Services and Indigenous Affairs Department of Health and Ageing Department of Immigration and Citizenship Project Manager, Australia Day Corporate Support Executive Manager, Corporate Finance Coordinator (part-time) Office Coordinator Brodie Fleming Adrian Watts Myra Morgan Annette Russell 14 National Australia Day Council annual report

15 Note of appreciation The positive outcomes the NADC delivers for Australia are achieved by working with hundreds of organisations and thousands of individuals throughout Australia. I particularly acknowledge the dedication, enthusiasm and national spirit of the following: Our sponsors, partners, and media partners State and territory Australia Day affiliate organisations The Department of the Prime Minister and Cabinet The volunteers and community members in hundreds of local Australia Day committees around the nation The chair, deputy chair, board and terrific team of the National Australia Day Council. Together we will continue to grow the celebration of what s great about Australia and being Australian. Warren Pearson National Director National Australia Day Council annual report

16 Recipients of the Australian of the Year Awards 2007 National Australian of the Year Professor Tim Flannery Senior Australian of the Year Phillip Herreen Young Australian of the Year Tania Major Australia s Local Hero Shanaka Fernando New South Wales Australian of the Year Professor Tim Flannery Senior Australian of the Year Bernie Banton AM Local Hero Regional Len Wallace Local Hero Metropolitan Michael Stringer ESM OAM Victoria Australian of the Year Philip Wollen OAM Senior Australian of the Year Dame Elisabeth Murdoch AC DBE Young Australian of the Year Duncan McLean Local Hero Regional Dr Bernard Jenner Local Hero Metropolitan Shanaka Fernando Queensland Australian of the Year David Conry Senior Australian of the Year Dr Clem Jones AO Young Australian of the Year Tania Major Local Hero Regional Carole Caswell Local Hero Metropolitan Ross Sharman South Australia Australian of the Year Professor Terence Tao Senior Australian of the Year Phillip Herreen Young Australian of the Year Laura Long Local Hero Regional Wendy Gambling Local Hero Metropolitan Pat Rix 16 National Australia Day Council annual report

17 Western Australia Australian of the Year Professor Barry Marshall AC and Emeritus Professor Robin Warren AC Senior Australian of the Year Dr Kenneth Collins AM Young Australian of the Year Darren Lomman Local Hero Regional James Hamersley Local Hero Metropolitan Yvonne Bali Tasmania Australian of the Year Dr John Tooth OAM Senior Australian of the Year Frank Hesman OAM BEM Young Australian of the Year Michael Smith Local Hero Regional The Beaconsfield Community Australian Capital Territory Australian of the Year Michael Milton OAM Senior Australian of the Year Dr Kaye Price Young Australian of the Year John Van den Dungen Local Hero Beverly Orr Northern Territory Australian of the Year Raymattja Marika Senior Australian of the Year Patricia Anderson Young Australian of the Year Katharina Fehringer Local Hero Regional Carmel Hattch Local Hero Metropolitan Frank Fotiades Local Hero Metropolitan Allan Crawford National Australia Day Council annual report

18 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN (A COMPANY LIMITED BY GUARANTEE) Statutory Financial Statements as at 30 June 2007 DIRECTORS REPORT The Directors present their report together with the accounts of the National Australia Day Council Limited (NADC) for the year ended 30 June 2007 and the auditor s report thereon. 1. Directors as at the date of this report Ms Lisa Curry Kenny MBE OAM Dr James Bradfield Moody Dr Bruce Walker Mr Ian Elliot Mr William (Bill) Lenehan Mr Duncan Lewis AO DSC CSC Mr Quang Luu AO Mr Andrew Metcalfe Ms Shelley Reys Mr Fergus Ryan 2. Principal Activities The principal activities of the company during the year have been to promote national pride, active citizenship and the observance and celebration of Australia Day; to administer the Australian of the Year awards, which include awards for the Young Australian of the Year, the Senior Australian of the Year and Australia s Local Hero; to distribute grants to state and territory Australia Day Councils and to make recommendations to and advise the Australian Government on all matters relating to year round national pride activities. 3. Operating Trading Results The net amount of the operating profit for the company for the period ended 30 June 2007 was 258,348 and the accumulated profit at the end of the financial year was 855,453. The company is exempt from income tax. 18 National Australia Day Council annual report

19 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Dividends No dividends have been paid or declared during the year and no dividends are proposed. The company is prohibited by its Memorandum and Articles of Association from making any distribution to its members. 5. Review of Operations During the period ending 30 June 2007, the national and state/territory network continued to deliver both national and state programmes. The Australian Government, through the Department of the Prime Minister and Cabinet, provided a total of 2,302,000 towards the funding of the company. Sponsors provided a total of 2,868,854 for national programmes, and part of this funding was allocated to state and territory Australia Day Councils for local projects. 7. After Balance Date Events Since the end of the financial year, the Directors are not aware of any matter or circumstance not otherwise dealt with in the report or accounts that have significantly or may significantly affect the operations of the company, the results of those operations, or the state of affairs of the company in subsequent financial years. 8. Future Likely Developments The NADC will continue to develop and maintain national community based programmes in the promotion of national pride and active citizenship, and in making awards for achievement. 6. Significant Changes in State of Affairs There have been no significant changes in the state of affairs of the company during the period 1 July 2006 to 30 June National Australia Day Council annual report

20 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Directors During the Financial Year Ended 30 June 2007 Ms Lisa Curry Kenny MBE OAM Managing Director Curry Kenny Group Chair Experience: Appointed Chair 23 November 2000 Ms Shelley Reys Managing Director Arrilla - Indigenous Consultants and Services Re-appointed 8 October 2002, 8 October 2004 and 29 March 2006 Board member AIS Director of Curry Kenny Aviation Pty Ltd, Curry Kenny Developments Pty Ltd, Helicopter Holdings Pty Ltd, Curry Kenny Investments Pty Ltd, Curry Kenny Promotions Pty Ltd, Sherlex Pty Ltd Keynote Speaker, three time Olympian, Author, Coach, 30Plus and P & O Cruises Deputy Chair Experience: Appointed 6 September 2004 Appointed Deputy Chair 29 March 2006 Director of The Fred Hollows Foundation, Director of Reconciliation Australia and Director of Indigenous Film Services (IFS) Special responsibilities: Member of Audit Committee since 15 March 2006 Dr James Bradfield Moody General Manager International Development CSIRO Board Member Experience: Appointed 29 March 2006 Advisory board member of Australian Bureau of Meteorology and Australian Bureau of Statistics Member of the National Environmental Education Council and Australian National Commission for UNESCO Science Network Director of Brisbane Institute 20 National Australia Day Council annual report

21 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Dr Antonio (Tony) Cocchiaro AM Medical Practitioner Midwest Health Board Member until term expired 28 March 2007 Experience: Appointed 8 October 2002 Mr Ian Elliot Company Director and Consultant Re-appointed 8 October 2004 and 29 March 2006 Deputy Chair, SA Australia Day Council Immediate past Chairman SA Multicultural and Ethnic Affairs Commission Board Member Experience: Appointed 8 October 2002 Mr William (Bill) Lenehan Company Director Re-appointed 8 October 2004 and 29 March 2006 Director of Hills Industries Ltd and Salmat Ltd Board Member Experience: Appointed 6 August 2004 Re-appointed 29 March 2006 Board Member Thoroughvision Australia, Honorary Councillor Royal National Agricultural and Industrial Association of Queensland, Director of Bilinda Pty Ltd Business Consultant to Eyecorp Pty Ltd and Pencrest Pty Ltd Special Responsibilities: Chair, Audit Committee from 15 March 2006 National Australia Day Council annual report

22 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Mr Duncan Lewis AO DSC CSC Deputy Secretary Department of the Prime Minister and Cabinet Board Member Experience: Appointed 8 May 2006 Member of the Council of the Order of Australia Special Responsibilities: Member of the Audit Committee from 8 June 2006 Mr Quang Luu AO Former Head SBS Radio Board Member Experience: Appointed 6 September 2004 Mr Andrew Metcalfe Secretary Department of Immigration and Citizenship Re-appointed 29 March 2006 Director of Austcare Former Head SBS Radio Board Member Experience: Appointed 8 October 2002 Mr Fergus Ryan Australian Foundation Investment Company Re-appointed 8 October 2004 and 29 March 2006 Member of the Administrative Review Council Board Member Experience: Appointed 29 March 2006 Director of the Commonwealth Bank of Australia, the Australian Foundation Investment Co Ltd and Clayton Utz Deputy Chairman, National Library of Australia Member, Prime Minister s Community Business Partnership Special responsibilities: Member Audit Committee from 8 June National Australia Day Council annual report

23 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Professor Margaret Seares AO Senior Deputy Vice-Chancellor University of Western Australia Board Member until resigned 20 March 2007 Experience: Appointed 6 September 2004 Dr Bruce Walker Chief Executive Officer Centre of Appropriate Technology Inc. Re-appointed 29 March 2006 Director of National Portrait Gallery and West Australian Symphony Orchestra Member Council of Scotch College (WA) Former Chair Australia Council Board Member Experience: Appointed 29 March 2006 Director of Desert Knowledge Australia Director of Ekistika Pty Ltd Member of the Northern Territory Research and Innovation Board President of NT Cricket National Australia Day Council annual report

24 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Meetings of Directors The Board met on four occasions during the year. The Audit Committee met on four occasions during the year. Lisa Curry Kenny (Chair) Shelley Reys (Deputy Chair) James Bradfield Moody Directors meetings Audit Committee meetings E A E A Antonio Cocchiaro 3 1 Ian Elliot 4 2 William (Bill) Lenehan Duncan Lewis Quang Luu 4 4 Andrew Metcalfe 4 4 Fergus Ryan Margaret Seares 2 2 Bruce Walker 4 4 E The number of meetings held during the time the director held office and was eligible to attend during the year. A The number of meetings attended that the relevant director was eligible to attend. 24 National Australia Day Council annual report

25 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Directors Benefits During the period ended 30 June 2007 and to the date of this report, no director has received or become entitled to receive a benefit (other than a benefit included in the aggregate amount of the emoluments received or due and receivable by directors shown in the accounts, or the fixed salary of a full-time employee of the company or of a related corporation) by reason of a contract made by the company or a related corporation with the director or with a firm of which they are a member, or with a company in which they have a substantial financial interest. Signed in accordance with a resolution of the Board of Directors. Lisa Curry Kenny MBE OAM Director Shelley Reys Director 11 September 2007 National Australia Day Council annual report

26 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Directors Declaration In the opinion of the directors of the National Australia Day Council Limited: a) the financial statements and notes, set out on pages are in accordance with the Corporations Act 2001, including: i) giving a true and fair view of the financial position of the Company as at 30 June 2007 and performance, as represented by the results of operations and cash flows, for the year ended on that date; and, ii) complying with Accounting Standards and the Corporations Regulations 2001; and, b) there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. Signed in accordance with a resolution of the directors: Lisa Curry Kenny MBE OAM Director Shelley Reys Director Dated this 11th day of September National Australia Day Council annual report

27 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Independence Declaration National Australia Day Council annual report

28 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Auditors report page 1 28 National Australia Day Council annual report

29 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Auditors report page 2 National Australia Day Council annual report

30 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Income Statement for the year ended 30 June 2007 Classification of Revenues and Expenses by Nature Note Revenue from Government grants 3 2,302,000 1,856,001 Sponsorship revenue (cash) 3 2,716,403 2,671,462 Sponsorship revenue (in-kind) 3 152, ,607 Other revenues from ordinary activities 3 193, ,771 Employee benefits expense 4 (743,958) (611,269) Occupancy expenses 4 (44,436) (38,175) Grants to State and Territory ADCs 4 (738,545) (792,724) Events and Awards programmes 4 (2,636,876) (2,429,013) Depreciation and amortisation expenses 4 (10,701) (14,167) Other expenses from ordinary activites 4 (931,385) (723,476) Profit from ordinary activities 258, ,017 The above statement should be read in conjunction with the accompanying notes. 30 National Australia Day Council annual report

31 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Balance Sheet as at 30 June 2007 Current Assets Note 2007 Cash 5 1,664,362 1,634,399 Inventory Receivables 7 119, ,784 Total Current Assets 1,784,176 1,859,141 Non Current Assets Note 2007 Plant & Equipment 8 35,955 23,232 Total Non Current Assets 35,955 23,232 Total Assets 1,820,131 1,882,373 Current Liabilities Note 2007 Payables 9 421, ,107 Provisions 10 44,876 22,483 Revenue in Advance , ,764 Total Current Liabilities 902, , National Australia Day Council annual report

32 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Non Current Liabilities Note 2007 Provisions 10 28,202 15,914 Revenue in Advance 11 33, ,000 Total Non Current Liabilities 61, ,914 Total Liabilities 964,678 1,285,268 Net Assets 855, , Members Equity Note 2007 Accumulated Profits 2 853, ,410 Asset Revaluation Reserve 12 1,695 1,695 Total Members Equity 855, , The Balance Sheet should be read in conjunction with the attached notes. Statement of Recognised Income and Expense for the Year ended 30 June 2007 Note Net income recognised directly in equity - - Profit for the period 258, ,017 Total Recognised Income and Expense for the Period 258, ,017 Attributable to: Members of the company 258, ,017 The Statement of Recognised Income and Expense should be read in conjunction with the attached notes. 32 National Australia Day Council annual report

33 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Statement of Cash Flows for the year ended 30 June 2007 Cash Flows from Operating Activities Note Receipts from Government Grants 2,302,000 1,856,001 Sponsorship 2,233,639 2,777,317 Other income 13,237 7,891 Merchandising /Project income 42,494 40,702 Interest received 137, ,111 GST recovered from ATO 45, ,878 Payments to suppliers and employees (4,721,641) (4,856,077) Net Cash Flows Provided by Operating Activities 19 53, ,823 Cash Flows from Investing Activities Note Payment for property, plant & equipment Net Cash Flows (Used) by Investing Activities Net (Decrease) Increase in Cash Held Cash at the Beginning of the Financial Year Cash at the End of the Financial Year (23,424) (10,570) (23,424) (10,570) 29, , ,634,399 1,378, ,664,362 1,634,399 The Statement of Cash Flows should be read in conjunction with the attached notes. National Australia Day Council annual report

34 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN Notes to and Forming Part of the Accounts for the year ended 30 June summary OF SIGNIFICANT ACCOUNTING POLICIES a) Basis of accounting This general purpose financial report has been prepared in accordance with Australian Accounting Standards, other mandatory professional reporting requirements (Urgent Issues Group Consensus Views) and the Corporations Act It is prepared in accordance with the historical cost convention, except for property plant and equipment which are measured at fair value. The accounting policies adopted are consistent with those of the previous year. Comparative information is reclassified where appropriate to enhance comparability. b) Statement of Compliance The financial report complies with Australian Accounting Standards, which include Australian equivalents to International Financial Reporting Standards (AIFRS). Compliance with AIFRS ensures that the financial report, comprising the financial statements and notes thereto, complies with International Financial Reporting Standards (IFRS). Australian Accounting Standards require NADC to disclose Australian Accounting Standards that have not been applied, for standards that have been issued but are not yet effective. The AASB has issued amendments to existing standards, these amendments are denoted by year and then number, for example indicates amendment 1 issued in The table below illustrates standards and amendments that will become effective for NADC in the future. The nature of the impending change within the table, has been out of necessity abbreviated and users should consult the full version available on the AASB s website to identify the full impact of the change. The expected impact on the financial report of adoption of these standards is based on NADC s initial assessment at this date, but may change. NADC intends to adopt all of the standards upon their application date. Title Standard affected Application Date * Nature of impending change Impact expected on financial report AASB 101, 117, 133, 139, 1, 4, 1023 and Jan 2007 Amended requirements subsequent to the issuing of AASB 7. No expected impact. AASB 7 AASB 132 Financial Instruments Disclosures 1 Jan 2007 Revise the disclosure requirements for financial instruments from AASB 132 requirements. No expected impact. * Application date is for annual reporting periods beginning on or after the date shown. 34 National Australia Day Council annual report

35 NATIONAL AUSTRALIA DAY COUNCIL LIMITED ACN c) Property, plant and equipment Assets are brought to account at cost. Assets or groups of assets purchased costing 500 and over are capitalised. Assets purchased costing under 500 are expensed in the year of purchase. Assets are revalued to fair value in line with the adoption of the Australian Equivalents to International Financial Reporting Standards. Assets are revalued in line with the directors valuation. d) Depreciation Depreciation is calculated using the straight-line method so as to write off the cost of each noncurrent asset over its expected useful life. Additions are depreciated from the date of acquisition. The depreciation rates used for each class of depreciable assets are: Class of Fixed Asset Plant and Equipment Depreciation Rate 10 34% e) Revenue Revenue is recognised to the extent that it is probable that the economic benefits will flow to NADC and the revenue can be reliably measured. Commonwealth Government grants are recognised in the year received. Government and corporate sponsorships in cash and in kind are recognised as revenue in the period to which they relate and are recognised at an estimated fair value on receipt. Revenue from the sales of goods is recognised when control has passed to the buyer. Interest revenue is recognised when the control of the right to receive the interest payment occurs. f) Inventory Inventories are valued at the lower of cost and net realisable value. g) Employee Entitlements Provision is made for the company s liability for employee entitlements arising from services rendered by employees to balance date. Salaries and wages and annual leave entitlements are expected to be settled within one year. Long service leave entitlements are not expected to be settled within one year. Contributions are made by the company to employee superannuation funds and are charged as expenses when incurred. h) Taxation Following a request to the Australian Taxation Office, the NADC is endorsed to access the following tax concessions: Income tax exemption from 1 July 2000 under Subdivision 50-B of the Income Tax Assessment Act GST concessions from 1 July 2005 under Division 176 of A New Tax System (Goods and Services Tax) Act FBT rebate from 1 July 2005 under section 123E of the Fringe Benefits Tax Assessment Act i) Cash Cash includes cash on hand and on deposit with financial institutions and are stated at their nominal value. j) Financial Instruments The policy on Financial Instruments disclosure is set out in Note 22. k) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Tax Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the statement of financial position are shown inclusive of GST. National Australia Day Council annual report

36 2. MEMBERS GUARANTEE On 8 June 2006 the members of the NADC resolved, by special resolution that the NADC repeal its existing Memorandum and Articles of Association and that the NADC adopt a new Constitution. On 28 June 2006, the NADC added the Commonwealth to the members register and the other members of the NADC resigned their membership, making the Commonwealth the sole member of the NADC. The company is limited by guarantee. If the company is wound up, the articles of association state that each member is required to contribute a maximum of 100 towards meeting any outstanding obligations of the company. As at 30 June 2007 the Commonwealth is the sole member of the NADC. In relation to the Retained Profits shown under Members Equity, it should be noted that Clause 1.4 Restriction on application of profits of the company s constitution provides that: subject to Rule 1.5, all profits (if any) and other income and property of the Company must be applied in promoting the Objects and no part of them may be paid, directly or indirectly, by way of dividend, bonus, fee or otherwise, to Members or Directors. 36 National Australia Day Council annual report

37 3. Operating Revenue Government Grants 2,302,000 1,856,001 Sponsorship, in cash 2,716,403 2,671,462 Sponsorship, in kind 152, ,607 Merchandise/project income 42,494 38,508 Interest received 137, ,798 Other revenue 13,237 7,466 5,364,249 4,829, Operating Expenditure Employee benefits expense 743, ,269 Occupancy expenses 44,436 38,175 Grants to State and Territory ADCs 738, ,724 Events and Awards programmes 2,636,876 2,429,013 Depreciation plant and equipment 10,701 14,167 Travel and accommodation 464, ,518 Computer services and website 106,661 70,860 Merchandise 57,089 43,771 Insurance 15,153 20,589 Other expenses from ordinary activities 287, ,738 5,105,901 4,608, Cash Cash on hand Cash at bank 1,663,862 1,633,899 1,664,362 1,634,399 National Australia Day Council annual report

38 6. Inventory Stock held for resale Receivables Other debtors and prepayments 119, , property, plant & equipment Office furniture & equipment 101,849 78,425 Less accumulated depreciation (65,894) (55,193) Written Down Value 35,955 23,232 (a) Movements in Carrying Amounts Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year. Balance at the beginning of year Additions Disposals Assets revalued Depreciation expense Carrying amount at the end of the year 9. Payables 2007 Furniture and Equipment 23,232 23, (10,701) 35, Furniture and Equipment 26,828 10, (14,166) 23,232 Current Trade creditors and accruals 421, ,107 Total current payables 421, , National Australia Day Council annual report

39 10. Provisions Current Employee entitlements Annual Leave 44,876 22,483 Non Current Employee entitlements Long Service Leave 28,202 15,914 Total current and non current provisions 73,078 38, Other Liabilities Current Revenue received in advance 436, ,764 Non Current Revenue received in advance non current 33, ,000 Total current and non current other liabilities 470, , Reserves and retained profits Asset revaluation reserve 1,695 1, Director and executive disclosures Remuneration received, or due and receivable, by directors of the company 11,016 9,736 Directors remuneration is set by the Remuneration Tribunal. Remuneration received, or due and receivable, by executives of the company 160, ,010 National Australia Day Council annual report

40 Directors The names of persons who were directors of the company at any time during the financial year are as follows: Ms Lisa Curry Kenny MBE OAM Ms Shelley Reys Dr James Bradfield Moody Dr Bruce Walker Dr Antonio Cocchiaro AM Mr Ian Elliot Mr William Lenehan Mr Duncan Lewis AO DSC CSC Mr Quang Luu AO Mr Andrew Metcalfe Mr Fergus Ryan Professor Margaret Seares AO Executives The names of persons who were executives of the company at any time during the financial year are as follows: Mr Warren Pearson 14. RELATED PARTIES Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties unless otherwise stated. 15. COMMITMENTS FOR EXPENDITURE Aggregate operating lease expenditure contracted for at balance date but not provided for in the accounts payable: 2007 Not later than 1 year 9,123 9,953 Later than 1 year, but not later than 2 years - 9,123 Later than 2 years, but not later than 5 years Over 5 years - - 9,123 19,076 The motor vehicle lease commitments are non cancellable operating leases and are secured by the underlying motor vehicle. 40 National Australia Day Council annual report

41 16. REMUNERATION Of auditor Amounts received or due and receivable by the auditor for auditing accounts 11,300 11,880 No other services were provided by the auditor. 17. SEGMENT REPORTING The company operates in the community services sector where it is the co-ordinating body for Australian of the Year Awards and Australia Day celebrations across the nation. It operates in one geographic area, being Australia. 18. CASH BALANCE For the purposes of preparation of the Statement of Cash Flows the following amounts are recognised as cash Cash on Hand Cash at Bank 1,663,862 1,633,899 Total Cash Balance 1,664,362 1,634, RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO OPERATING PROFIT/(LOSS) Operating Profit/(Loss) 258, ,017 Depreciation 10,701 14,167 (Increase)/decrease in other debtors and prepayments 104,153 1,169,503 (Increase) /decrease in inventory 775 1,433 Increase/(decrease) in provision employee entitlements 34,681 5,565 Increase/(decrease) in trade creditors 127,492 90,988 Increase/(decrease) in other liabilities (482,763) (1,235,849) Net cash provided/(used) by operating activities 53, ,824 National Australia Day Council annual report

42 20. ECONOMIC DEPENDENCY The operations of the company are dependent on an annual monetary grant from the Australian Government. 21. STAFFING LEVEL As at 30 June 2007 the NADC employed eight full time and two part time employees. 22. FINANCIAL INSTRUMENTS (a) Interest Rate Risk The company s exposure to interest rate risk, which is the risk that a financial instrument s value will fluctuate as a result of changes in market interest rates and the effective weighted average interest rates on those financial assets and financial liabilities, is as follows on Page 43. (b) Credit Risk The company s exposure to interest rate risk, which is the risk that a financial instrument s value will fluctuate as a result of changes in market interest rates and the effective weighted average interest rates on those financial assets and financial liabilities follows on Page 43. (c) Net Fair Values The net fair value of financial assets and liabilities at the balance date are those as disclosed in the statement of financial position and related notes. This is because either the carrying amounts approximate net fair value or because of their short term to maturity. 23. CONTINGENT LIABILITIES/ASSETS There are no contingent liabilities or assets at 30 June EVENTS OCCURRING AFTER BALANCE DATE Since the end of the financial year, the Directors are not aware of any matter or circumstance not otherwise dealt with in the accounts that have significantly or may significantly affect the operations of the company, the results of those operations, or the state of affairs of the company in subsequent financial years. 42 National Australia Day Council annual report

43 Financial Instrument Note Financial Assets Floating Interest Rate Fixed Interest Rate Maturing within 1 Year Fixed Interest Rate Maturing greater than 1 Year Non-Interest Bearing Total Weighted Average Interest Rate % % Cash Short Term Deposits ,066 1, ,066 1, Receivables n/a n/a Total Financial Assets ,066 1, ,784 1,858 Financial Liabilities Payables n/a n/a Revenue in Advance n/a n/a Total Financial Liabilities , ,247 National Australia Day Council annual report

44 Australia Day National Network The National Australia Day Council leads the network of state and territory Australia Day affiliate organisations and local Australia Day committees. New South Wales Australia Day Council of New South Wales Level 4, Bligh House 4-6 Bligh Street Sydney NSW 2000 PO Box 5341 Sydney NSW 2001 Telephone (02) Facsimile (02) Victoria Australia Day Committee (Victoria) Ground Level 1 Treasury Place Melbourne VIC 3002 Telephone (03) Facsimile (03) austday@dpc.vic.gov.au Queensland Events Coordination Department of the Premier and Cabinet Executive Building 100 George Street Brisbane QLD 4000 PO Box City East QLD 4002 Telephone (07) Facsimile (07) australiaday@premiers.qld.gov.au South Australia Australia Day Council of South Australia Incorporated Level 4, 28 Grenfell Street Adelaide SA 5000 PO Box 107 Rundle Mall SA 5000 Telephone (08) Facsimile (08) admin@adcsa.com.au 44 National Australia Day Council annual report

45 Western Australia Australia Day Council of Western Australia The Lodge, Government House St George s Terrace Perth WA 6000 PO Box Jan 26 Perth Adelaide Terrace WA 6832 Telephone (08) Facsimile (08) info@ausdaywa.com.au Tasmania Government Communications Office Department of Premier and Cabinet 15 Murray Street Hobart TAS 7000 Telephone: (03) Facsimile: (03) australiaday@dpac.tas.gov.au Australian Capital Territory Special Events Unit ACT Chief Minister s Department Canberra Nara Centre 1 Constitution Ave Canberra City ACT 2601 GPO Box 158 Canberra ACT 2601 Telephone Facsimile (02) events@act.gov.au Northern Territory Australia Day Council NT Inc. Level 5, Darwin Central 21 Knuckey Street Darwin NT 0800 GPO Box 1934 Darwin NT 0801 Telephone (08) Facsimile (08) austdaynt@nt.gov.au National Australia Day Council annual report

46 The National Australia Day Council would like to thank the following sponsors and partners Australian of the Year Awards major sponsor national announcement partner telecast sponsor online partner senior australian partner young australian partner local hero partner official airline hotel partner radio partner radio supporter senior australian supporter tasmania southern cross television tasmania australian capital territory southern cross ten crowne plaza northern territory imparja television nine darwin

47 Australia Day Australian Capital Territory Partners

48 CRE8IVE