Annual Report 2012/2013

Transcription

1 Annual Report 2012/2013

2 Contents Chair s Report Page 01 Executive Officer s Report Page 02 Treasurer s Report Page 10 Financial Report Page 11 Statement by Members Page 14 Report by Members Page 14 Auditor s Report Page 15 List of Members Page 16 Sponsors / Partners Page 17 The 10/27 RSAR Army Band leading the Australia Day Parade The Indonesian Community at the Australia Day Parade Australia Day Council of South Australia 94 Gilles Street, Adelaide, SA 5000 PO Box 6418, Halifax Street, SA 5000 Telephone: (08) Facsimile: (08) admin@adcsa.com.au All photos by Stephen Hardacre unless noted Front cover: fireworks finale at Australia Day in the City (photo by Micky Jeffery) Back cover: the enthusiastic crowd at Australia Day in the City

3 Chair s Report As Chair of the Australia Day Council South Australia for the past year it is my great pleasure to prepare the following report for the council s activities for the year 2012/2013. As in the previous years, once again our programs have been very successful with improved functions as well as spread of information about the role of the Australia Day Council in regard to its activities and its purpose. May I take this opportunity to mention the very successful work we have been doing with Advantage SA and particularly its Chair, Frank Filosi and CEO, Karen Raffen. I also take this opportunity to thank our corporate members as well as other sponsors and general members without whose financial contribution our activities would be significantly limited and we could not carry out the tasks that we do so successfully. I particularly wish to take this opportunity to thank members of my Board who have given generously their time and effort as volunteers to further our programs and in fact help me as well as the CEO in reaching many of the decisions that we have made during the year. Several Board members have not sought re-election. I wish to thank them for their past contribution, wish them well in the future and welcome the new members onto the Board. I would also like to take this opportunity to thank our staff and in particular our Executive Officer, Matthew Miles, as well as the two other members of our permanent staff, Matt Abbot and Bill Bell. The Australia Day Council of SA has been performing many important functions including holding a special awards presentation at the Adelaide Oval Pavilion, for the successful South Australian winners of Australian of the Year, Senior Australian of the Year, Young Australian of the Year, and Australian Hero for Subsequently a cocktail function at Government House on the Eve of Australia Day, for presentation of the Community Awards and then of course the Australia Day Luncheon which was so successful this year again with many people attending, and from which we have managed to get further corporate support as well. Australia Day itself was celebrated starting with the parade in King William Street, which is getting better every year, followed by a very successful function at the Lyrics Room and an address to the huge crowd of people who were at Elder Park for the concert and fireworks later that night. I understand that in excess of 30,000 people attended, and the event is just getting bigger and bigger and more and more successful every year. We have run other successful programs and functions including Australia Day in the Office, plus an award program together with the University of South Australia to further prosper Muslim-Australian relations. We have also co-hosted a function for Robyn Archer, well known artist and South Australian, in conjunction with The Hawke Centre. We have been greatly assisted by our parent organisation, the National Australia Day Council, as well as sponsors locally, and may I again express my thanks to them for their very generous donations. Last but not least, I would like to mention the work that so many people do in sub-committees towards the parade, volunteers who help us with marshalling of the parade, one of our major contributors the State Government and the Premiers Department and the Premier himself who has been very generous with us, particularly in assisting the cost of the fireworks, as well as some major sponsors such as Olympic Industries which took over to sponsor the other half cost of the fireworks as well. Talking about myself, it has been a great privilege and honour to serve the Council as its Chair for the past year. As I indicated at the time of my election I wanted to bring back the Chair position to a yearly level, to enable more people to be elected to the position, and hence I did not seek re-election. But I consider my year to have been a great privilege as well as a learning process, and I trust that I have performed my tasks to the satisfaction of the Board and perhaps the people that we assisted, and to celebrate the honour of being Australian. This is my tenth year of serving on the Board of the Council, and I indicated after my next year when I am automatically on the Board, I will also not seek further re-election, to enable some young and fresh person to come on board with fresh ideas. May I again repeat the great honour you have given me, the great support you have given me, and the pleasure that I have had in serving this year and wish the Council and it s next Chair all the very best for the future. Dr Creston Magasdi Chair 1

4 Executive Officer s Report Management The Board of Management comprised the following in ; Name Notes E A Dr Creston Magasdi Chair 7 7 Cr Houssam Abiad Ex-officio representing Adelaide City Council Deputy Chair 7 3 Ms Adriana Christopoulos Deputy Chair 7 6 Ms Vini Ciccarello Ex-officio representing the Premier 3 2 Dr Tony Cocchiaro AM 7 5 Mr Leonard D Aloia 7 4 Cr Barry Featherston Ex-officio representing Local Government 7 5 Mr John Gazzola MLC Ex-officio representing the Premier 4 2 Cr Michael Henningsen Treasurer 7 6 Mayor Gary Johanson 7 5 Ms Theadora Karidis 7 7 Mr Steve Maras 7 5 Mr Arthur Mangos 7 6 Cr Shiralee Reardon 7 5 Mr Norman Schueler Ex-officio representing Multicultural SA 7 4 Mr Damien Smith 7 5 Mr Francis Wong 7 4 E: The number of meetings held during the time the Board Member held office and was eligible to attend A: The number of meetings attended by the relevant Board Member attended Mr Francis Wong, Ms Shiralee Reardon and Dr Tony Cocchiaro have announced their retirement from the Board effective as of 23 April 2013 with three new Board Members beginning on this date who are Mr Tim Jackson, Mr Peter Tsokas and Mr Ralph Clarke. Human Resource Management Matthew Miles (Executive Officer), Matt Abbot (Events & Marketing Manager) and Bill Bell (Administration Officer) continued in their given roles. Casual staff were again employed in the peak periods including during January for assistance in reception, merchandise duties and on Australia Day. From this year the event Australia Day in the City was conducted solely by the ADCSA and extra costs were incurred for casual staff accordingly. Since almost all our events and programs peak for Australia Day, there is considerable pressure on the staff especially through December and January where long hours and escalating deadlines become the norm. After the success of hosting students from the Cultural Tourism Degree at Flinders University since 2008, another student, Jessi Tilbrook, completed her placement with ADCSA, with her main project being Australia Day in the City. Dr. Creston Magasdi at the Australia Day Luncheon Volunteers continued to be an important resource for the ADCSA especially for the operation of the Australia Day Parade. 2

5 Executive Officer s Report Events Australian of the Year Awards: Adelaide Oval Members Dining Room, 13/11/2012 This function again was a tremendous success and held at the Adelaide Oval for the second time with over 300 people attending. The Premier Jay Weatherill and His Excellency Rear Admiral Kevin Scarce AC CSC RANR presented the certificates to all 16 finalists and awards to the 4 recipients. Mr Ian Henschke of ABC Radio hosted the evening. It also must be noted that this was the first year that Advantage SA partnered with us to present the Australian of the Year Awards in South Australia. This was a great success for both organisations as there was no longer a clash with Advantage SA presenting a very similar awards program and at the same time Advantage SA made a significant contribution in funding and resources which enabled the event to become much larger and more elaborate. Media awareness also increased due to this partnership and now with the first year of this new relationship established both organisations look forward to cooperatively conducting this in the future with continued improvements for mutual benefit. SA Recipients of the Australian of the Year Awards Comedian Vince Sorrenti at the Australia Day Luncheon Australia Day Luncheon: Adelaide Entertainment Centre, 18/01/13 This year s Luncheon was highly successful with 370 people attending in the Adelaide Entertainment Centre (Theatre). Guests were entertained by the keynote speaker Jonty Bush (2009 Young Australian of the Year), comedian Vince Sorrenti and the smooth sounds of the Bill Parton Trio. Australia Post continued its major sponsorship of this event, as did Coopers, Novatech Creative Event Technology and Serafino Wines. MC duties were conducted by Kym Dillon from Channel Nine. Australia Day Awards: Gardens of Government House, 25/01/13 The same format was continued again this year with the event held in the evening as an open air theatre style presentation followed by canapes. Special guests who presented awards include His Excellency, Rear Admiral Kevin Scarce AC CSC RANR, Premier Jay Weatherill and the Hon Gail Gago MLC. The Awards presented were the South Australian winners for Citizen of the Year, Young Citizen of the Year, Community Event of the Year, the Minister for Education & Development s Award for Excellence in Languages and Culture and the Women Hold Up Half the Sky Award (supported by the Office for Women). Over 200 guests enjoyed themselves nestled under the trees in Government House s lovely gardens. San Remo continued as major sponsor of this event. Community Event of the Year - Eyre Peninsula Field Day 3

6 Executive Officer s Report Australia Day in the City: Elder Park, Adelaide, 26/01/13, This event was an outstanding success again with an estimated crowd in excess of 35,000 attending and further feedback that thousands more watched the fireworks from various vantage points around the city of Adelaide. The format of parade, concert and fireworks again drew a tremendous turnout with performances from Aussie music stars Wes Carr and The Potbelleez. This event is conducted in partnership with Adelaide City Council but the operations were completely conducted by the ADCSA for the first time. Sponsorship was received from Olympic Carports and Garages who presented the fireworks, the Commonwealth Bank which funded the concert, as well as sponsors Novatech Creative Event Technology, Vili s Cakes, Bianco Hire, Coopers Brewery, Argon Design, Force Access and the Crowne Plaza. Support to present this event is also provided by the South Australian Government, Australian Defence Forces and Multicultural SA. Media partnerships with Mix and Channel 9 also supported the event. Local Government Events There were over 100 community events conducted by LGA s in Through a survey conducted by the ADCSA in 2009 it is estimated that Local Government in South Australia spends over $1 million dollars on celebration of Australia Day, with further commitment through allocation of council staff to the various events conducted in each community. The importance of local government in conducting formal celebrations of Australia Day is massive and should not be undervalued. Discussion Forum on National Identity: Adelaide Festival Centre, 18/03/2013 The fourth Discussion Forum was held at the Adelaide Festival Centre on 18 March 2013 in conjunction with the Bob Hawke Prime Minsterial Centre based at the University of South Australia. The topic was: Try one day without the Arts and featured Arts icon Robyn Archer AO with over 400 people attending. Robyn provided to be a popular drawcard and a small VIP function afterwards gave stakeholders a chance to mingle and meet Robyn personally. The Parade was again a great success with 4000 people participating and the largest crowd to date lining the new route on King William Street and Road. Workshops were held with three community groups where artists from Knee High Puppeteers helped the groups to build cultural artworks (with support from Multicultural SA grants). Some elaborate and unique sculptures were created including the Oromo Community, the Filipino Settlement Coordinating Committee and the Somali Womens Association. Individual participants also took part in a workshop to make hats and props for the Rainbow Echidna. These all added a great deal of colour to the Parade. The VIP viewing area was again held in the Lyrics Room of the Adelaide Festival Centre. Awards were held for Parade participants with cash prizes and framed certificates awarded in the following categories: BEST COSTUMES AWARD: Afghan United Association of SA BEST MUSIC AWARD: City of Adelaide Pipe Band MOST CREATIVE AWARD: Falun Dafa JUDGES CHOICE AWARD: Adelaide Chinese Dance Academy Some infrastructure was shared with the Tour Down Under who conducted Stage 6 on the following day and this enabled a much superior area for VIPs and public to watch the parade and some reduction in costs of infrastructure. Jonty Bush presenting the keynote speech at the Australia Day Luncheon Colourful participants at the Australia Day Parade 4

7 Executive Officer s Report Programs Australian of the Year Awards Australian of the Year SA Winner Sonya Ryan Finalist Ray Creen Finalist Scott Neeson Finalist Dr Gerry O Callaghan Senior Australian of the Year SA Winner Emeritus Professor Ian Maddocks * Finalist Michael Angelakis AM Finalist Ernest (Keith) Skillicorn AM Finalist Jock Statton OAM Young Australian of the Year SA Winner Vanessa Picker Finalist Rima Chahoud Finalist Rachel Dreyer Finalist Daniel Ryan Australia s Local Hero SA Winner Anna Kemp Finalist Brad Chilcott Finalist Brenda McCulloch Recognition Programs Recognition Programs were again conducted with support from The Office of Women for Women Hold Up Half the Sky Award, the Multicultural Education Committee for the Minister for Education & Development s Award for Excellence in Languages and Culture and the Centre for Muslim and non-muslim Understanding who presented two awards for an individual and an organisation. Each of the recipients was presented at the Australia Day Awards at Government House on Australia Day Eve except for the Awards for Muslim and non-muslim Understanding which was presented in a separate ceremony on World Human Rights Day. The Premiers Award for Outstanding Community Service was discontinued this year as its goals overlapped the Citizen of the Year program. Award for Muslim and non-muslim Understanding Individual Winner Bachar Houli Organisation Winner The Exchange at Kelvin Grove The Minister for Education & Development s Award for Excellence in Languages & Culture Award Winner Hashem Bahmaneadah Women Hold Up Half the Sky Award Award Winner Lucy Evans Finalist Roberts-Yates *Professor Ian Maddocks was also named the national Senior Australian of the Year for 2013 Award for Muslim and non-muslim Understanding Citizen of the Year Awards The Citizen of the Year Program was again conducted very successfully with each LGA participating and selecting Citizens of the Year for their community. Over $10,000 worth of frames were supplied to participating LGAs and enormous media coverage resulted, especially in regional areas. San Remo continued as major sponsor for this program for Who do you know who helps Muslims and non-muslims to understand each other? Give them the recognition they deserve and nominate them now for this new award. Nominations are open until 31 August unisa.edu.au/muslim-understanding/award Citizen of the Year Awards sponsored by San Remo Citizen of the Year Marie Davis (Town of Gawler) Young Citizen of the Year Community Event of the Year Dayna Duncan (District Council of Cleve) Eyre Peninsula Field Day (District Council of Cleve) 5

8 Executive Officer s Report Australia Day in the Office Australia Day in the Office is an initiative launched in 2010 to encourage and assist workplaces to celebrate Australia Day by hosting work functions. This is a newly established platform to engage the business community with a focus being on the last business day prior to Australia Day (25th January). In 2012 with the support of the National Network this program was expanded nationally with over 400 organisations registering across Australia. Each state and territory based Australia Day Council also separately marketed to their areas. Prizes were awarded to each state and territory saw an increase in registrations for this program however for sustainability of this program nationally a major sponsor needs to be obtained in the near future. Australia Day Ambassadors The Australia Day Ambassador Program, sponsored by Woolworths, was conducted in South Australia for the sixth time in There were 28 Ambassadors visiting 30 community celebrations in council areas, an increase from 27 in Feedback was again very positive. The list of Ambassadors and their hosting Councils are; Council Adelaide City Council Barossa Council Berri Barmera Council City of Charles Sturt District Council of Cleve District Council Coober Pedy Coorong District Council District Council of Copper Coast District Council of Elliston District Council of Franklin Harbour Town of Gawler Grant District Council City of Holdfast Bay District Council of Karoonda East Murray District Council of Kimba City of Marion Mid Murray Council City of Mitcham District Council of Mt Barker District Council of Mt Remarkable Naracoorte/Lucindale Council City of Norwood, Payneham and St Peters City of Playford Southern Mallee District Council City of Unley Wakefield Regional Council District Council of Loxton/ Waikerie City of West Torrens District Council of Yorke Peninsula Ambassador Maggie Beer (media personality and celebrity cook) Dr Bill Griggs (Trauma Surgeon) Dr Lynn Arnold (former Premier) Ivan Copley (reconciliation worker) Edgar Agius (Community Leader) Peter Goers (media personality) Pat Rix (Tutti Ensemble) Chris Schact (former politician) Francene Connor (marketing guru) John Shepherd (CEO of Operation Flinders) Ivan Copley (reconciliation worker) Steve Foster (musician) Brian Wenzel (actor) Rima Chahoud (mental health advocate) Cate Fowler (Windmill Children s Theatre) Belal Moraby (Muslim commentator and lawyer) Katrina Webb (paralympian) David Malinda (agricultural scientist) Phil Herreen (disability mentor) Rick Newnham (Youth representative) Michael O Connell (Commissioner for Victims Rights) Leigh McClusky (media personality) Michael Keelan (media) Samela Harris (journalist) Belal Moraby (Muslim commentator and lawyer) Professor Don Bursill (chief scientist) Dr Lynn Arnold (former Premier) Katrina Webb (paralympian) Michael Angelakis (celebrity cook) 6

9 Executive Officer s Report Media Again a scheduled program of media releases occurred in the two weeks leading up to Australia Day for the South Australian press. The National Australia Day Council also had a media program which contributed to some of the media coverage in SA. Every media release issued by the ADCSA was covered by some form of media in South Australia, including good coverage being received for the Australian of the Year Awards finalists. The Australia Day in the City event received extensive media coverage in the days leading up to the event. Media partnerships with Channel Nine and Mix provided valuable publicity for the Australia Day in the City event. Partnerships and Sponsorship Partnerships and sponsorship are essential for the ADCSA and these include; Partners South Australian Government Adelaide City Council National Australia Day Council Advantage SA Local Government in South Australia Multicultural SA Australian Defence Forces University of South Australia Bob Hawke Prime Ministerial Centre University of South Australia - Centre for Muslim and non-muslim Understanding South Australian Police Office for Women Sponsors San Remo: Citizen of the Year Awards and the Australia Day Awards Commonwealth Bank: Australian of the Year Awards and Australia Day in the City Australia Post: the Australian Day Luncheon Woolworths: The Australia Day Ambassador Program Olympic Carports and Garages: Australia Day in the City Vilis: Australia Day in the City Coopers Brewery: Australia Day in the City and the Australia Day Luncheon Force Access: Australia Day in the City Argon Design: Australia Day in the City Bianco Hire: Australia Day in the City Novatech Creative Event Technology: All Australia Day events Serafino Wines: Australia Day Luncheon Crowne Plaza: Australia Day in the City 2013 and Beyond The ADCSA in the last 5 years has both increased the number of events and programs whilst improving the standard of all of these. Revenue has also increased in this time by 78% and efficiencies have been created in overheads and administration to allow more expenditure of programs and events. However for ongoing viability the ADCSA must ensure it has strategies in place to ensure it is sustainable in the future and this must be is first priority. Business Development needs to be further invested in and stakeholders need to be prioritised to ensure further growth and development of the goals of the ADCSA. The future of this organisation is indeed very bright. Matthew Miles Executive Officer 7

10 Vili Milisits, Lord Mayor Stephen Yarwood & Creston Magasdi cut the Australia Day cake Adelaide born singer-songwriter Wes Carr Kuma Karro entertaining the crowd

11 Aussie dance superstars The Potbelleez had the crowd on their feet Kuma Karro and anthem singer Sharni Stewart

12 Treasurer s Report The 2012/13 financial performance continues to be sound and this year has seen an operating profit of $61,513. Grants once again remain the principle income source accounting for over half of the revenue. Importantly this year the Council received an increase in funding from the State Government. The Department of Premier and Cabinet now provided funding of $150k, further Grants from The Office for Women, the Department for Education and Multicultural SA also contributed $17k. The ADCSA also received a Grant of a further $15k to assist with the funding of the ADITC event. The ADCSA remains very grateful for this support. The Adelaide City Council also maintained their funding for the Australia Day in the City event and once again this evening was a huge success. The continued support from the City Council in the ADCSA delivering this now very significant event for the city and state is very greatly appreciated. The only revenue stream which underperformed slightly was merchandise which has traditionally been a consistent income. The ADCSA provides Australia Day related merchandise to all Australian States with the exception of WA and for this market to grow it needs to remain in our focus. Expenditure was consistent with our Budget estimates. The Corporate Club remains strong and our major sponsors Woolworths, Australia Post, San Remo, Commonwealth Bank and Olympic Industries deserve special mention and thanks for their ongoing support. I would like to thank The Honourable John Gazzola, President of the Legislative Council who was appointed by the Premier as his representative on the Board for his input and support. The Board remain hopeful that we can move towards a closer association between the Department of Premier and Cabinet and the ADCSA in the provision of accommodation which is the situation which exists in almost all other Australian States. I wish to thank my fellow Board Members for their input and prudence this last year. We are very fortunate to have a wealth of talent and experience on the Board and I thank all for their contribution. In conclusion I wish to sincerely thank our dedicated staff Matthew Miles, Matt Abbot and Bill Bell for their hard work and tireless support. Their help working with the Board has achieved a prudent financial outcome whilst at the same time delivering a stream of first class events and programs which combined together helps us all to celebrate what is great about being Australian. Employee Expenses remain the largest expense after the delivery of the Events to support Australia Day as in previous years. The association between Local Government and the ADCSA remains strong. Following the increase in Membership fees last year, a decision taken after much discussion by the Board, I am pleased to report that two more Local Government bodies have re-joined and consequently there are now only two Local Government bodies who are not members. The Local Government Sector remains crucial to the ADCSA and one disappointing trend this Financial Year has been a lack of nominations for Local Government awards in a few Councils. Once again we must be seen to provide good value for money and encourage participation as this sector remains the backbone of our business model. Cr Michael Henningsen Treasurer 10

13 Financial Report Australia Day Council of South Australia Incorporated Statement of Comprehensive Income for the Period Ended 28th February 2013 OPERATING INCOME $ $ Grants 462, ,764 Sponsorships 126, ,529 Product Sales 146, ,747 Subscriptions 95,250 94,536 Interest Income 31,425 25,472 Other Income 28,651 38,706 Total Income 891, ,754 OPERATING EXPENDITURE Administration 33,986 25,246 Cost of Goods Sold 75,941 82,088 Functions 389, ,951 Office Costs 70,020 64,771 Employee Expenses 260, ,345 Total Expenses 829, ,401 Operating Surplus for the Period ,513 48,353 Total Comprehensive Income ,513 48,353 Australia Day Council of South Australia Incorporated Statement of Financial Position As at 28th February 2013 CURRENT ASSETS Cash and Cash Equivalents , ,927 Trade and Other Receivables 4. 77,662 71,644 Inventories 5. 62,415 76,208 Other Current Assets , ,637 Total Current Assets 823, ,416 NON-CURRENT ASSETS Property, Plant and Equipment 7. 7,175 10,103 Total Non-Current Assets 7,175 10,103 TOTAL ASSETS 830, ,519 CURRENT LIABILITIES Trade and Other Payables 8. 43,751 70,924 Provisions 9. 29,380 34,052 Total Current Liabilities 73, ,976 Non Current Liabilities Provisions 24,375 - Total Non Current Liabilities 24,375 - TOTAL LIABILITIES 97, ,976 NET ASSETS 733, ,543 MEMBERS FUNDS Retained Surplus , ,543 TOTAL MEMBERS FUNDS 733, ,543 The accompanying notes form part of these accounts 11

14 Financial Report 1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act 1985 South Australia. The Board of Management has determined that the association is not a reporting entity. The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act 1985 South Australia and the following Australian Accounting Standards: AASB 110 AASB 116 AASB 117 AASB 1031 Events after the Balance Sheet Date Property, Plant and Equipment Leases Materiality No other applicable Accounting Standards, Urgent Issues Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The financial report has been prepared on an accruals basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report. (a) Income Tax No income tax has been provided for, as the Council is exempt from taxation under the Income Tax Assessment Act. (b) Fixed Assets The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to the Association commencing from the time the asset is held ready for use. Impairment of Assets At the end of each reporting period, property, plant and equipment, intangible assets and investments are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset (or group of related assets) is estimated and compared with its carrying amount. The recoverable amount is the higher of the asset s fair value less costs to sell and its value in use. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in the Statement of Comprehensive Income. (c) Leases Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the period in which they are incurred. d) Trade Payables Trade payables are recognised at their transaction price. Trade payables are obligations on the basis of normal credit terms and do not bear interest. (e) Employee Benefits Provision is made for the company s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee benefits have been measured at the amounts expected to be paid when the liability is settled, plus related on-costs. (f) Provisions Provisions are recognised when the company has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions recognised represent the best estimate of the amounts required to settle the obligation at the end of the reporting period. (g) Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts (if applicable). Bank overdrafts (if applicable) are shown within borrowings in current liabilities on the balance sheet. (h) Revenue and Other Income Revenue is measured at the value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. For this purpose, deferred consideration is not discounted to present values when recognising revenue. Interest revenue is recognised using the effective interest rate method, which, for floating rate financial assets, is the rate inherent in the instrument. Dividend revenue (if applicable) is recognised when the right to receive a dividend has been established. (i) 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 ATO. 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 balance sheet are shown inclusive of GST. ( j) Trade and Other Receivables Trade receivables are recognised initially at the transaction price (ie cost) and are subsequently measured at cost less provision for doubtful debts. Most sales are made on the basis of normal credit terms and do not bear interest. At the end of each reporting period, the carrying amounts of trade and other receivables are reviewed to determine whether there is any objective evidence that the amounts are not recoverable. A provision for doubtful debts of trade receivables is established when there is objective evidence that the company will or may not be able to collect all amounts due according to the original terms of the receivables. 12

15 Financial Report Australia Day Council of South Australia Incorporated Notes to the Financial Statements for the Period Ended 28th February HIP AND FUNCTIONS The Sponsorship Income does not include any Contra arrangements which the Association may have in place from time to time throughout the period. 3. CASH AND CASH EQUIVALENTS 2013 $ 2012 $ Cash at bank Operating account 308, ,727 Cash on hand , , TRADE AND OTHER RECEIVABLES Trade debtors Less Provision for Doubtful Debts 5. INVENTORIES 85,162 (7,500) 71,644-77,662 71,644 Stock on hand at cost 62,415 76,208 62,415 76, OTHER CURRENT ASSETS Cash at bank - Term Deposit 374, ,851 Cash at Bank Investment Account - 9, , , PLANT AND EQUIPMENT Office equipment at cost 57,602 57,512 Less Provision for Depreciation (48,427) (47,409) 7,175 10, TRADE AND OTHER PAYABLES Other Payables and Accruals 51,492 71,864 Goods and Services Tax (12,636) (4,651) Pay As You Go Withholding Tax 4,895 3,711 43,751 70, PROVISIONS Employee Benefits - Current Liability 29,380 34,052 Employee Benefits - Non Current Liability 24,375-53,755 34, MEMBERS FUNDS Opening Retained Surplus 671, ,190 Comprehensive Income for the Period 61,513 48,353 Closing Retained Surplus 733, , LEASE COMMITMENTS Minimum lease payments payable Not later than twelve months 6,600 26,400 Between twelve and sixty months - 6,600 6,600 33,000 13

16 Financial Report Australia Day Council of South Australia Incorporated Statement by Members of the Board of Management The Board of Management has determined that the association is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements. In the opinion of the Board of Management the financial report comprising the Statement of Comprehensive Income, Statement of Financial Position and Notes to the Financial Statements: (1) Presents fairly the financial position of the Australia Day Council of South Australia Incorporated as at 28th February 2013 and its performance for the Period ended on that date. (2) At the date of this statement, there are reasonable grounds to believe that the Australia Day Council of South Australia Incorporated will be able to pay its debts as and when they fall due. This statement is made in accordance with a resolution of the Board of Management and is signed for and on behalf of the Board of Management by: Dr Creston Magasdi Chair Cr Michael Henningsen Treasurer Dated at Adelaide this 12th day of April 2013 Australia Day Council of South Australia Incorporated Report by Members of the Board of Management In accordance with Section 35(5) of the Associations Incorporation Act 1985 South Australia, the Board of Management of the Australia Day Council of South Australia Incorporated hereby states that during the Period to which the financial statements relate: (a) (i) No officer of the association; (ii) No firm of which an officer of the association is a member; and (iii) No body corporate in which an officer of the association has a substantial financial interest; has received or become entitled to receive a benefit as a result of a contract between the officer of the association, firm or body corporate and the association. (b) No officer of the association has received directly or indirectly from the association any payment or other benefit of a pecuniary value. This report is made in accordance with a resolution of the Board of Management and is signed for and on behalf of the Board of Management by: Dr Creston Magasdi Chair Cr Michael Henningsen Treasurer Dated at Adelaide this 12th day of April

17 Auditor s Report Australia Day Council of South Australia Incorporated Independent Audit Report to the Members of the Australia Day Council of South Australia Incorporated Report on the Financial Report We have audited the Association s financial report, being a special purpose financial report, of the Australia Day Council of South Australia Incorporated for the Period ended 28th February 2013, comprising the Statement of Comprehensive Income, Statement of Financial Position, Notes to the Financial Statements and Statement by Members of the Board of Management. The Responsibility of the Council for the Financial Report The Council of the Association is responsible for the preparation and fair presentation of the financial report and have determined that the accounting policies described in Note 1 to the financial statements which form part of the financial report are appropriate to meet the financial reporting requirements of the Association. The Council s responsibilities also includes establishing and maintaining internal controls relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error, selecting and applying appropriate accounting policies, and making accounting estimates that are reasonable in the circumstances. Auditor s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor s judgement, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Association s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Association s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Council as well as evaluating the overall presentation of the financial report. Independence In conducting our audit, we have complied with the independence requirements of the Australian professional ethical pronouncements. Audit Opinion In our opinion, the financial report presents fairly, in all material respects the financial position of the Australia Day Council of South Australia Incorporated as of 28th February 2013 and of its financial performance for the Period then ended in accordance with the accounting policies described in Note 1 to the financial statements. Basis of Accounting Without modifying our opinion, we draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report is prepared to assist the Board of the Australia Day Council of South Australia Incorporated to meet the reporting requirements of the Associations Incorporations Act (1985). As a result, the financial report may not be suitable for any other purpose. SGG & Co Consulting Chartered Accountants Stephen Graham Partner Dated at Adelaide this 12th day of April 2013 The financial report has been prepared for distribution to Council for the purpose of fulfilling the Council s financial reporting under its constitution. We disclaim any assumption of responsibility for any reliance on this report or on the financial report to which it relates to any person other than the members, or for any purpose other than that for which it was prepared. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 15

18 List of members Individual Members Prof. Freda Briggs Dr. Andrew Cannon Ms. Cathy Chong Ms. Adriana Christopoulos Mr. Ralph Clarke Dr. Tony Cocchiaro Mrs. Claudia Cream Mr. Leonard D Aloia Mr. Peter Emmerton Ms. Pauline Frost Mr. Maurice Henderson Dr. Creston Magasdi Ms. Courtney Morcombe Dr. Marie O Neil Ms. Lyn Petrie Cr. Shiralee Reardon Dr. Pamela Schulz Damien Smith Mr. Ian Swan Mr. Francis Wong Life Members Mr. John Bailey OAM Mr. John Dyer OAM Mr. Ron Green Corporate Club (Gold) Adelaide Fasta Pasta Atkins Technicolour Brecknock Insurance Brokers Build Tec Services Channel 9 Commonwealth Bank Festival City Wines Foodland North Adelaide Force Access HaggleCo Iannella and Co. Karidis Corporation Luca Maras Normetals Novatech Creative Event Technology Seeley International Serafino Wines VIP Home Services Corporate Club (Silver) All Transport Industries IQMS Distributions Strathmore Building Corporate Club (Bronze) Alfred James & Sons Arrowcrest Coopers Brewery Ex-Officio Members Rep. Multicultural SA Mr. Norman Schueler Rep. The Premier Ms. Vini Ciccarello Rep. The Local Government Association Cr. Barry Featherston Rep. Adelaide City Council Cr. Houssam Abiad Councils Adelaide City Council Adelaide Hills Council Alexandrina Council Barossa Council Berri Barmera Council Campbelltown City Council City of Burnside City of Charles Sturt City of Holdfast Bay City of Marion City of Mitcham City of Mount Gambier City of Norwood, Payneham & St Peters City of Onkaparinga City of Playford City of Port Adelaide Enfield City of Port Lincoln City of Prospect City of Salisbury City of Tea Tree Gully City of Unley City of Victor Harbor City of West Torrens Clare and Gilbert Valleys Council Coorong District Council Corporation of the City of Whyalla Corporation of the Town of Walkerville District Council of Barunga West District Council of Ceduna District Council of Cleve District Council of Coober Pedy District Council of Copper Coast District Council of Elliston District Council of Franklin Harbour District Council of Grant District Council of Karoonda East Murray District Council of Kimba District Council of Lower Eyre Peninsula District Council of Loxton Waikerie District Council of Mallala District Council of Mount Barker District Council of Mount Remarkable District Council of Orroroo Carrieton District Council of Peterborough District Council of Robe District Council of Streaky Bay District Council of Tumby Bay District Council of Yankalilla District Council of Yorke Peninsula Flinders Ranges Council Kingston District Council Light Regional Council Mid Murray Council Municipal Council of Roxby Downs Naracoorte Lucindale Council Northern Areas Council Outback Areas Comm. Development Trust Port Augusta City Council Port Pirie Regional Council Regional Council of Goyder Renmark Paringa Council Southern Mallee District Council Tatiara District Council Town of Gawler Wakefield Regional Council Wattle Range Council Wudinna District Council Woomera Board 16

19 MAJOR MAJOR MAJOR MAJOR MAJOR MAJOR MAJOR MAJOR MAJOR Major MAJOR MAJOR MAJOR MAJOR GOVERNMENT GOVERNMENT GOVERNMENT GOVERNMENT NMENTGOVERNMENT MEDIA MEDIA MEDIA MEDIA MEDIAMEDIA MAJOR GOVERNMENT VERNMENT MEDIA GOVERNMENT GOVERNMENT GOVERNMENT Government partners VERNMENT VERNMENT RNMENT MEDIA MEDIA MEDIA partners MEDIA MEDIA MEDIA MEDIA PAR PAR MEDIA SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT SUPPORT Luca Iannella & Co SILVER y Ltd, IQMS Distributions Pty Ltd, All Transport Industries, Romeo s Foodland Nth Adelaide, Defence Reserves Support Luca Iannella & Co Luca Iannella & Co Luca Iannella & Co Luca Iannella Iannella &Co Co Luca Luca Luca Iannella Iannella && Co& Co SILVER Health & Life Pty Ltd, IQMS Distributions Pty Ltd, All Transport Industries, Foodland Nth Adelaide, Defence Reserves Support BRONZE Romeo s SILVER SILVER Luca BRONZE SILVER SILVER SILVER Iannella & Co Reserves Luca Health & Life Pty Ltd, IQMS Distributions Pty Ltd, All Transport Industries, Romeo s Foodland Nth Adelaide, DefenceLuca Support Arrowcrest Pty. Ltd., Alfred James & Sons Health & Life Pty Ltd, IQMS Distributions Pty Ltd, All Transport Industries, Romeo s SILVER Foodland Nth Adelaide, Defence Reserves Support Luca & Iannella & CoPty Ltd, VIP Home Services Romeo s Foodland North Adelaide Life Pty Ltd, IQMS Distributions All Transport Industries, Romeo s Foodland Nth Adelaide, Defence Reserves Support Arrowcrest Pty. Ltd., Alfred James & Foodland Sons Health Health Health &Health Life & Life &Pty Life Pty Ltd, Pty Ltd, IQMS Ltd, IQMS IQMS Distributions Distributions Distributions PtyPty Ltd, Pty Ltd, AllLtd, All Transport All Transport Transport Industries, Industries, Industries, Romeo s Romeo s Romeo s Foodland Foodland NthNth Adelaide, Nth Adelaide, Adelaide, Defence Defence Defence Reserves Reserves Reserves Support Support Support BRONZE Luca Iannella & Co Arrowcrest Pty. Ltd., Alfred JamesBRONZE & Sons Silver BRONZE Ian Ian BRONZE BRONZE BRONZE SILVER SILVER SILVER Arrowcrest Pty. Ltd.,Industries, Alfred James & Sons All Transport Arrowcrest Pty. Ltd., Alfred Sons Arrowcrest Arrowcrest Arrowcrest Pty. Pty. Ltd., Pty. Ltd., Alfred Ltd., Alfred Alfred James James James &James Sons & Sons & &Sons ty Ltd, IQMS Distributions Pty Ltd, All Transport Foodland NthAll Adelaide, Defence Reserves Support Health LifePty PtyIndustries, Ltd,IQMS IQMSRomeo s Distributions PtyLtd, Ltd, All Transport Industries, Romeo s FoodlandNth NthAdelaide, Adelaide,Defence Defence Health &&Life Ltd, Distributions Pty Transport Industries, Romeo s Foodland IQMS Distributions Pty Ltd, Strathmore Building SILVER BRONZE BRONZE QMS Distributions Pty Ltd, All Transport Industries, Romeo s Foodland NthBRONZE Adelaide, Defence Reserves Support BRONZE Arrowcrest Pty. Ltd., Alfred James & Sons Arrowcrest Pty. Pty.Ltd., Ltd.,Alfred AlfredJames James&&Sons Sons Arrowcrest Arrowcrest Pty Ltd,Luca Alfred James & SonsIannella Luca Iannella & Co & Co BRONZE Arrowcrest Pty. Ltd., Alfred James & Sons SILVER SILVER ty d, Ltd, IQMS IQMS Distributions Distributions Pty Ltd, Pty All Ltd,Transport All Transport Industries, Industries, Romeo s Romeo s Foodland Foodland Nth Nth Adelaide, Adelaide, Defence Defence Reserves Reserves Support Support

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