licensing trust annual report 2009

Includes Invercargill n Invercargill Licensing Trust Licensing Trust n ILT Foundation

ANNUAL GENERAL MEETING To be held at Elmwood Garden 1 September 2009 at 7.30pm

A Few Words from Henry ... “Yes, you squashed cabbage leaf ... you incarnate insult to the English language, I could pass you off as the Queen of Sheba”. My Fair Lady was simply George Bernard Shaw’s Pygmalion both delighted and scandalized its first audiences spectacular in 1914. A brilliantly witty reworking of the classical tale of a sculptor who falls in love with his perfect female statue. Pygmalion is named after the Cypriot King from Greek mythology who fell in love with his own creation: an ivory statue called ‘Galatea’. When he fell in love with Galatea, the Goddess Aphrodite brought the statue to life and Pygmalion married her. As well as reflecting Shaw’s feminist views, Pygmalion provides a commentary on the class system which may not be so irrelevant today! Henry Higgins believes he can transform Eliza Doolittle, a cockney flower girl, into a Duchess at ease in ‘polite’ society by changing the way she speaks. However, his ‘creation’ has a mind of her own and a battle of wills begins that challenges them both in unexpected ways. my By the time Lerner and Leowe’s musical adaptation of Pygmalion, My Fair Lady, ended its New York run in 1962, it had run six and a half years and for 2,717 performances, more than any other previous musical in stage history. In London, the show had a five and a half year run of 2,281 performances with New York’s fair original cast members, Rex Harrison, Julie Andrews and Stanley Holloway. Jason Fraser James Lewis Hamish McGregor Richelle Waldron Jamie / Quartet Harry / Quartet Bartender / Servant Mrs Eynsford-Hill With My Fair Lady, the lyricist Alan Jay Lerner considered that he had found something that was his ‘own particular vernacular’. The first song “Why Can’t the English” illustrates both that and, indeed, the personality of Henry Higgins, his devotion to the English language and his frustration at its abuse: “It is the greatest possession we have. The noblest thoughts that ever flowed in the hearts of man are contained within its extraordinary, imaginative LadyProudly supported by CAST in order of appearance Daniel Monteath Annie Sherborne Phillip Churchill and musical mixtures of sounds.” Production Personnel Butler / Quartet Mrs Hopkins Lord Boxington Eliza Doolittle Jacqueline Careswell Executive Producers Invercargill Musical Theatre Properties Team Sarah Porter, Nicola Gourley, the Invercargill Licensing Trust But after Higgins meets Eliza he goes on a journey in his own life. Freddy Eynsford-Hill IncorporatedNathan Hughes Suzanne Prentice, Jill Derbie, The “confirmed old bachelor” becomes, in his own way, emotionally Director Mrs Eynsford-Hill BryanRichelle Aitken Waldron Lynette Watkins and ILT Foundation Colonel Pickering Barry Macdonald Musical Director Luke Di Somma Flower Arrangements Shirley McMillan involved with the challenge of Miss Eliza Doolittle: “What can possibly Henry Higgins Alex Derbie Choreographer Jan Brown Wardrobe Managers Bernadette Gourley & Shirley Adam matter more than to take a human being and change her into a different Jamie Jason Fraser Production Coordinator Di Lenihan Assisted by Lynley MacDonald, human being by creating a new speech for her. She matters very much.” Harry James Lewis Margaret Fitzgerald, Rehearsal Pianists Michael Buick, Di Lenihan, Alfred P Doolittle Ben Winders Jeanette Williamson, Wendy Shaw Clare Lenihan, John Perry By changing Eliza, Higgins himself changes from a man totally at ease with Bartender Hamish McGregor Dressers April FisherLynley Irvine, KarenPaul Bremer Kean, Aisha Williams Set & Costumes Owned by and on Hire from Lady Boxington / Servant Policeman Flower Girl Mrs Pearce Melissa Crennan Anne McSoriley, Josie McSoriley, his own persona and lifestyle unaffected in any material way by women, to a Wellington Musical Theatre Butler Daniel Monteath Kaye McCurdy, Margaret Sands, man who questions his ‘singularity’. Costume Design Stephen Robertson Yvonne Smith, Gill Young Mrs Hopkins Annie Sherborne Lighting Design John Calder & Bryan Aitken The journey taken by Eliza Doolittle in the piece is more apparent but also Mrs Higgins Sally Bryce Make-up Manager Kerry Riddell Sound Design Glen Ruske, Bounce NZ Assisted by Linda Howard, Pauline Corcoran, highlights Lord Boxington Phillip Churchill raises several issues. In Shaw’s 1912 it was inconceivable that a Covent Garden Wendy Shaw. Set Design Lady Boxington HaroldApril Moot Fisher flower girl could transcend the class divisions that stratify society, particularly Set ConstructionPoliceman PeterPaul Thwaites, Bremer Noel Carson, Wigs Convenor Yvonne Gawn Dave Elliott, Josh James, Assisted by Cris Gale, Suzette Morgan, in that era. As Higgins puts it, by teaching Eliza to speak properly he is “filling Flower Girl Aisha Williams Nick Round‑Turner, Mike White, Bev Harvey, Linda Marshall, Colin Quay Anneke Campbell Gerard McSoriley at a glance Zoltan Karparthy Colin Quay Karen Gale, Pam Elliott, Jenny Fraser, the deepest gulf that separates class from class and soul from soul.” Roy Barlow, Dave Lankshear Zoltan Karparthy Queen of Transylvania Major Domo / Servant Stage ManagerQueen of TransylvaniaNeale Anneke Smith Campbell Vicki Ryan, Amber Reed Parkinson Eliza spans this gulf by taking up and meeting the challenge but Major Domo Gerard McSoriley Assistant Stage Managers Dave Elliott & Noel Carson Programme Compilation Miles Hewton, Alex Derbie, Mrs Higgins’ Maid Rachel Engel Leisanne Fraser then questions: Cue Caller Chris Herman n $10.77 million in grants returned Programme Design / Layout Dave Goodall Stage Crew Cockney Quartet MikeJames White Lewis, & Josh Braydon James Macdonald, Orchestra “What am I fit for ? ... Where am I to go ? What am I to do? What’s to become Jason Fraser, Daniel Monteath Programme Photography MilesConductor Hewton Luke Di Somma to our community – a record for Lighting Technician / Operator John Calder of me ?” Printing CraigsViolins Design & PrintEstelle Rance Assisted by Higgins’ Servants DanielKate Wilson Crowther, Glenda Whyte, Alice McKinley, Lucy Holthusen our Trusts. April Fisher, Annie Sherbourne, DanielAdvertising Monteath, Sound Manager Chris Herman Stephanie Buzzard But, has Higgins taken Eliza out of the ‘comfort’ of her own environment Gerard McSoriley, Barrie Sheehy, BraydonMarketing Macdonald, & Sponsorship Leisanne Fraser, KimTim Forsythe, Lindsay Sound Operator Robert Pay Rachel Engel Braydon Macdonald Kate Crowther n to one where she is uncomfortable without his support ? In the last scene Hamish McGregor MilesCello Hewton Wayne Perniskie Consolidated (Group) after-tax Radio Microphones Merv Cook & John Perry Mrs Higgins’ Maid Quartet / Servant Higgins’ Servant of My Fair Lady, have the hero and heroine recognised the nature of their *other roles played by members of the Ensemble Contracts LeisanneReeds Fraser Gemma Buzzard profit, before grants, was $11.66 Technical SupportEnsemble JohnJulie Perry Adam, Riki Baker, Katie Black, ClarkGraphic Boswell, Design Sarah Jones respective problems and conquered them, or have they been conquered? Head Flyman OllieMelanie Knowles Bradley, Paul Bremer, AnnekePosters/ Campbell, Media David Cocker Hannah Sellars million – down less than 1% on Flymen PhilPhillip Edlin Churchill,& Peter Jenkins Kate Crowther, RachelFront Engel, of House Managers PhilipTrumpets Fraser and theGrant Executive Chalmers Team To go back to the root, the question may be whether Galatea ever April Fisher, Tully Frewen, Jade Gillies, Karl Herman, Katie Taylor last year’s excellent result. Properties Manager Elizabeth Fraser liked Pygmalion! Amanda Hutchison, James Luck, Hamish McGregor, Trombone Ken Wellington Alice McKinley, Anne McPheat, Gerard McSoriley, Keyboards Clare Lenihan n Invercargill Licensing Trust Daniel Monteath, Maryana Petrovskaya, Colin Quay, Enjoy the wit and humour of George Bernard Shaw and with the music Bass Ian Sherborne Bonnie Rowell, Barrie Sheehy, Annie Sherbourne, (Parent) after-tax profit, before and lyrics of Alan Jay Lerner and Frederick Loewe one of the most Bernadette Tamati, Lucia Vincent, Glenda Whyte, Drums Viv Treweek grants, was 2.3% down on last internationally known and best‑loved scores. Aisha Williams and Grant Wishart Percussion Trinity Waddell year’s performance. Signed: “Professor Henry Higgins” (Alias Alex Derbie) n ILT Foundation profit, before August 2009 grants, was up 4.3% on last year. n Confirmed plans for four significant new development projects to be completed over the next two years – Ascot Park Hotel, new inner-city entertainment bar, rebuilds at the Northern and Southland Taverns. n Successfully completed refur- bishment projects at Ascot Park Hotel, Kelvin Hotel and Home- stead Villa Motels. Nathan Hughes Melissa Crennan Sally Bryce n Invercargill Licensing Trust Freddy Eynsford-Hill Mrs Pearce Mrs Higgins balance sheet remains very strong My Fair Lady is an exciting addition to Melissa is a graduate of the Wellington It has been 18 years since Sally last performed Nathan’s Musical Theatre experience. This is Conservatorium of Music and The for the IMT, when she played Lady Battersby with a minimal level of term debt P : 03 214 1669 Independentthe Townhouses first ytime Serviced heApartments has taken to the stage in one M : 021 446Queensland 540 Conservatorium of Music, in Me & My Girl. The ‘matinee lead’ and a y F : 03 214 1667 Resthome Hospital/Special Care E : [email protected] of IMT’s major shows in a solo capacity. W : www.cbcltd.co.nzGriffith University, Australia. She has won a chorus member in her first musical South and sufficient reserves to meet We are proud to offer the very best in Retirement living. ■ Housing & Alterations W : www.signaturehomes.co.nz Ours is truly a place where people look out for each other in ■ Commercial & Farm Buildings 115 Clyde Street a friendly and welcoming community. PO Box number6161 of prestigious singing scholarships Pacific, Sally has gone on to play many roles This will be Nathan’s seventh show for IMT. Invercargill 9841 Proudly supporting Invercargill Musical Theatre future development plans. Proud to be supporting from , Australia and Italy and in musicals and repertory. She remembers Rowena Jackson Retirement Village BUILD TO SUIT YOUR He first appeared in CopacabanaInvercargill Musicalback Theatre in 2003 REQUIREMENTS 40 O’Byrne Street North, , Phone 215 9988 has appeared as a guest soloist with many fondly her favourite role as Anna in The and has since been onstage in The Best Little professional orchestras. King & I: her best character role as Miss Whorehouse in Texas, Chicago, Forbidden Hannigan in Annie, and has special memories Broadway and Theatre Restaurants Simply Melissa made her New Zealand debut as of Barnum in which she played Charity the Best and Turn Back Time. Nathan sings Prince Orlofsky in Die Fleidamus for the Independent Townhousesy Serviced Apartments Barnum opposite the late Rob Guest. Sally Resthomein they Hospital/Special group “Top Care Shelf” who specialise in Wanganui Royal Opera House. Performance We are proud to offer the very best in Retirement living. directed IMT’s first Theatre Restaurant Bless Ours is truly a corporateplace where people lookfunctions. out for each other in highlights include being a finalist in The a friendly and welcoming community. ‘em All then devised and directed the Roaring New Zealand Mobile Song Quest and the Proudly supportingBy day Invercargill Nathan Musical is Theatrethe Year 7 Syndicate Leader Twenties Revue and Face the Music. Rowena Jackson Retirement Village Australian Covent Garden Final. Whilst in 40 O’Byrneat Street Southland North, Waikiwi, Phone Boys’ 215 9988 High School where he Florence, Italy she was awarded an Italian For the last 12 years Sally has become has taught for the last five years. He is on the singing scholarship to perform Orfeo in interested in “Sweet Adeline” barbershop Committee of the ILT Invercargill Schools’ Orfeo ed Euridice and while living and singing with the Foveaux Harmony Chorus. “Sing Out” and enjoys getting back to Rock ‘n’ working in Asia she performed regularly for She had the fortunate experience of joining IndependentRoll Townhouses dancing.y Serviced Apartments Resthomey Hospital/Special Care the New Zealand, Australian, British and with the Christchurch City Chorus to We are proud to offer the very best in Retirement living. Ours is truly a Nathanplace where people is lookcurrently out for each other in in partnership setting Italian Embassies. compete internationally in Calgary, Canada, a friendlyup aand photography welcoming community. company in Invercargill. in 2007 and appearing in an invitation Proudly supporting Invercargill Musical Theatre Since returning to Invercargill, Melissa has RowenaThe Jackson familiar Retirement Villageface of the SBS i‑Save campaign, performance at Carnegie Hall, New York, 40 O’Byrne Street North, Waikiwi, Phone 215 9988 enjoyed performing a recital for Shakespeare Nathan is enjoying newly married life and is earlier this year. The Southland Times is proud toin bethe Park supporting, in the Southern Arts the Festival Invercargill, in Musical Theatre and looking forward to travelling. theirBrigadier 2009 and production Stepping Out and is ofdelighted ... to Sally believes Mrs. Higgins is an engaging be performing in her first production character and can not believe how lucky she is Independent Townhousesy Serviced Apartments with IMT. to play this role 34 years after she last played Resthomey Hospital/Special Care We are proud to offer the very best in Retirement living. it for IMT in 1975! Ours is truly a place where people look out for each other in a friendly and welcoming community. Proudly supporting Invercargill Musical Theatre Rowena Jackson Retirement Village 40 O’Byrne Street North, Waikiwi, Phone 215 9988

review of your trusts for the year ended 31 march 2009 overview he 2008/2009 financial year has been another Tsuccessful one for the Invercargill Licensing Trust and ILT Foundation with a performance we can all be proud of. A record level of grants was achieved with over $10.77 million being returned to our Invercargill community – the fourth successive year the $10 million dollar level has been exceeded. Of equal importance, we continued to fund and help initiate major community projects that achieve our vision of helping Invercargill grow and develop into the best place to Lady live, work and play. The Group operating profit was ahead of our budget expectations and only marginally less than last year’s very good result. We achieved our goal to complete planned redevelopment projects, ensuring our businesses continue to meet the expectations of our customers. We also advanced planning for four significant new development projects that will be completed over the next two year period. On the back of this performance, we think the Trusts’ standing in the community is more solid than ever before. n Alan Dennis, President and Greg Mulvey, General Manager consolidated financial performance he consolidated net after tax profit, before grants, is T$11.66 million (last year, $11.75 million). This represents a decrease of less than 1% on last year’s result. The consolidated group consists of the Invercargill Licensing Trust, the ILT Foundation and the equity accounted value of the Invercargill Licensing Trust’s investment in DB Brewery Ltd. The net after tax profit, before grants, of the Group are:

2009 2008

Invercargill Licensing Trust (Parent) $5,695,000 $5,830,000

Change in value of associate company ($297,000) ($91,000)

ILT Foundation $6,265,000 $6,007,000

Consolidated (Group) $11,663,000 $11,746,000 $10.7 million

May Arts Festival, presented by Venture Southland in grants to your community

03 Invercargill Licensing Trust he after-tax net profit for the year, before Tgrants, is $5.70 million compared with last year of $5.83 million, representing a decline of 2.3%. To put this performance in perspective, last year’s result was a record for the Trust after adjusting earlier years profit for extraordinary items. The pre-tax operating profit for the year at $7.1 million is 13% down on last year and was impacted by the deduction of impairment losses to property, plant and equipment and the unrealised devaluation of investments. The underlying pre-tax operating profit, prior to the deduction of those items, was 2.6% behind last year’s result. Given the onset of the economic recession, Executive Management Team - which was felt particularly in the second half of Front: Gary Muir, Terry Laidlaw and Greg Mulvey. Back: Greg McElhinney and Neil Affleck. the year, we consider this to have been a very pleasing performance. Major factors influencing this year’s result were: re-investment • Total sales revenues at $75.1 million were Our Vision in our business up only 1% on last year and reflected the For Invercargill to deteriorating trading environment. grow and develop into the key policy of our Trust is to continually Aanalyse the ever-changing trends in • Other trading income and finance income best place to live, the hospitality industry and then develop was fractionally down. work and play. businesses that meet the expectations of our • Sales revenues in most of our major market customers. As well, we are continually re- segments held or were just above last year’s Our MISSION investing in our existing businesses to ensure revenue levels. they are maintained at a high standard. To operate the best quality During the past year we have been active in • Industry related costs continued to rise hospitality businesses, following this policy with expenditure of $3.6 during the year and we were satisfied that making it possible for us to return million, the highlights of which included: operating expenses were able to be held to significant benefits to the a 5% increase. • Ascot Park Hotel people of Invercargill. All bedrooms in the Henderson Wing were refurbished as well as an upgrade of the interior pool area. • During the next 18 months we plan on demolishing both the Southland and • Kelvin Hotel Northern Taverns and replacing them with All remaining bedrooms on the third floor, new developments on the existing sites. together with all rooms on the second floor, In this year’s accounts, we have written- were refurbished with all five levels of hotel down the value of the existing taverns rooms now fully refurbished. The hotel’s and recognised an impairment expense of sixth floor conference room was also fully $607,000 as an early write-down of their redeveloped and has received an excellent value. We have also expensed unrealised response from our customers. devaluation of investment assets to a value of $262,000. • Homestead Villa Motels All 25 bedrooms of the original motel Fourth wing of accommodation under construction • Taxation expense was lower than the complex were refurbished early in the at Ascot Park Hotel previous year, not only because of reduced financial year which has positioned this 35- taxable income, but also because of unit motel business as one of the very best beneficial changes in tax legislation relating of its type in the South Island. to deductible charitable grants and reduced taxation rate. • Sugar Shack The succession of solid profit performances In December 2008 this bar/nightclub was in recent years has produced a very closed and plans drawn up to convert strong balance sheet, with minimal term the building for use as an innovative indebtedness, total assets of $74.6 million educational centre for all Invercargill and total equity increasing for the year by $2.7 primary school children as part of the ILT million to produce total equity at balance date and ILT Foundation’s educational projects. of $64.4 million. This work was completed early in the new The Trust has a healthy level of cash financial year. reserves available for future investment in its core business activities and will fund all In addition to these major projects, areas of planned developments without incurring any several other establishments were refurbished Recently upgraded Whitty’s Bar, Avenal Homestead term debt. n during the year. 04 • Planning for New Development Projects Total grants allocated by the ILT Foundation A significant amount of time and resource were $7.71 million which is a record amount has been spent planning for major and compares with last year’s grants of $7.06 development projects over the next two million. In addition, $2.5 million was paid in gaming duty and $212,000 for the problem years. This is an important component of he ILT Foundation gambling levy. our business strategy for the future. These was established T All Licensing Trust Board Members are are: by the Invercargill represented on the ILT Foundation as well as Licensing Trust to own the Trust’s Solicitor, Chris Ward, and retired ILT Ascot Park Hotel – plans were completed all gaming machines President, Ray Harper. n for the development of a fourth wing of located exclusively in accommodation that will include apartment- ILT establishments and style facilities. This will add a further 20 to return the profits at one with the units to the hotel’s stock to produce a total from those machines of 116 hotel/apartment/motel rooms. The to a wide variety of community project is expected to be completed by April local community organ- 2010. isations. The machines he Invercargill Licensing Trust belongs to are operated and man- Tthe people of Invercargill and it follows, New inner city entertainment bar – aged by Licensing Trust therefore, that the Trust’s main focus is a total planning for this new bar was completed Ann Eustace commitment to our community. The concept staff. ILT Foundation Manager and a contract let early in 2009. The W h i l e t h e I LT of community ownership is both the Trust’s development is in the former Deka building Foundation’s excellent performance in uniqueness and its reason for being. fronting Dee Street and is planned to open operating gaming machines is well known, and While it would be tempting to measure the in October 2009. the proportion of profit returned to the Trust purely on the level of grants it returns community has been consistently higher than every year to the community, our role is Southland Tavern – plans were prepared the rest of the industry in New Zealand, the significantly different and far deeper than for the complete demolition of the existing Foundation is acutely aware of its associated that. The Trust has a proud record of funding tavern and rebuilding a new tavern on the social responsibilities. An organisation that has innovative ways to take the lead in creating same site. It will be designed to better meet as its core the advancement of community and important community projects that really make the expectations of our patrons of the future social goals is a very appropriate organisation a difference to our city as a great place to live, and it will include a dedicated restaurant to operate gaming facilities. work and play. Those efforts continued during area. It highlights our commitment to the The ILT Foundation continuously works to- the year as explained in the following notes. future of South City. During the building ward gambling harm minimisation for our com- In addition, the Trust is a major contributor phase we will provide a temporary tavern in munity. We take our social responsibilities very to our local economy. A recent study by the former Super Liquor store. seriously by treating gaming as a sensitive BERL Economics on the Economic Impact product and we continue to manage it with care. of Licensing Trusts in their communities, Northern Tavern – planning was well In addition to on-going staff training and highlights the benefit made by our Trust to advanced for the probable complete adherence to our comprehensive gambling our community. For example, it shows the demolition of the existing tavern and re- harm minimisation policy, the ILT Foundation Trust’s grants and general business activities building a new facility on the same site. has undertaken another initiative this sustained 1,173 jobs (or 5.15% of local This business is a very important part of our year working alongside the local problem employment) and produced $78 million in future and much effort is being invested gambling service Nga Kete Matauranga GDP (value added). to ensure we ‘get it right’. We anticipate Pounamu Charitable Trust. This one year pilot commencing demolition early in 2010. programme, fully funded by the Foundation, allows users the opportunity to have themselves During the next 18 months we will expend excluded from using gaming machines at all more than $10.5 million on these four projects. 23 gaming venues in the Invercargill and Bluff In a time of recession, that will provide a areas – previously we had implemented our welcome level of investment in our community own multi-venue exclusion programme across providing work for many local businesses and our 11 gaming venues. trades people. This is in addition to the recent HELP cards In 2010 we hope to begin planning for a the ILT Foundation had printed and placed at major development at our Waikiwi Tavern all our gaming venues to promote and provide site. In addition we will continue to review easy access contact details for support services opportunities for further accommodation in relating to gambling. the city. We have announced our intention to For the year ending 31 March 2009, the build a new inner city hotel when we believe ILT Foundation achieved an operating profit market demand would support that. We have (before grants) of $6.2 million compared with acquired the necessary land in the CBD area last year’s result of $6 million, representing an for this major development project. n increase of 4.3%. Enrich@ILT

Invercargill Licensing Trust & ILT Foundation Board

Alan Dennis Suzanne Prentice Colin Winter Neil Boniface Neville Cook Mark Winter Ray Harper Chris Ward President OBE QSM JP JP QSM QSO (ILT Foundation Deputy President (ILT Foundation Board only) Board only) 05 The $2 million the Trusts granted to develop from which New Zealand’s liquor laws will be international-sized, hockey water turfs has comprehensively reviewed. Our Trust antici- proved to be a successful investment with the pates taking an active part in the submission city set to host one of three international World process to ensure its views are understood. Cup Qualifier tournaments this year. We noted in last year’s report there has been a perceptible shift in people’s attitude The Arts And Theatre towards the harmful effects of both alcohol and Our Trusts provided grants to the Invercargill gaming. We believe that a licensing trust, which Repertory Society and the Invercargill Musical is owned and operated by the community and Theatre which made it possible to stage their answers directly back to the community, is in an annual productions as well as upgrade their excellent position to further set high standards facilities. in the manner in which it handles alcohol and A further example of our support for this gaming to minimise the harmful effects. We sector was funding provided to the Southland will continue to further develop our approach Art Society to run a more expansive art awards to handling these sensitive products. – a feature that will continue in future years. The full impact of the economic recession Community Events will be felt in the new financial year and we Playground equipment at Windsor North School Providing major funding for community expect its effects to continue for the next events is a key way we can provide affordable 12 months. This will impact on our trading family entertainment. The Southland Santa establishments, including a much lower level Parade and the Invercargill Truck Show of conference and special event activity at our GRANTS – COMMUNITY SUPPORT and Parade were enjoyed by thousands of hotels and also on the returns we receive from This year a record level of grants was Invercargill people as were the Dance Your our investments. achieved with $10.77 million returned to nearly Southern Sox Off, the ILT Kidzone Festival and The Invercargill Licensing Trust’s net 400 local organisations. These grants, of which the Burt Munro Challenge. after-tax profit could be down in the range of the Invercargill Licensing Trust contributed 20% to 25% and the ILT Foundation down Sport And Recreation $3.06 million and the ILT Foundation $7.71 approximately 10%. Notwithstanding this, While the Invercargill Licensing Trust’s million have touched every aspect of Invercargill if there are sufficient community projects support of the Ascot Park Hotel Southern Steel life and every age group. requiring our funding, we still have the capacity netball team and the Stags First Division NPC We believe we make a difference and are to allocate grants at the $10 million level. team are well known, the backing we give to proud of it. We look forward to the exciting challenge of sport at all levels should not be overshadowed In recent years our Trusts have made undertaking the four new development projects by these premier sides. Our Trusts pour millions a key priority. We have invested as well as advancing planning for further of dollars into the promotion, administration millions of dollars to provide educational projects over the next few years to ensure and coaching of sports and recreation at all opportunities, facilities, support and skills so we meet our business strategy of continual levels for all age groups so we can promote a that one day our young people can contribute innovation in order to meet the ever-changing healthy community. to the future growth, well-being and vitality of expectations of our customers. the city. A snapshot of some of the community Community Projects Licensing Trust profits will always look projects undertaken during the past year with The Trusts provided $200,000 in funding attractive to those looking for personal gain. our assistance were: for the first year of the Southland WarmH omes Therefore, we must remain aware of possible Education Project. In addition, the Invercargill city libraries challenges to our very existence and it will be were assisted with funding for housebound vital for your Trust to retain its trading rights Enrich@ILT services, children’s sessions and readers and if it is to maintain its enormous and on-going The Invercargill Licensing Trust and the writers programmes. The Southland Hospital contribution to the community. As long as ILT Foundation fully funded the establishment children’s ward now has a sunshade sail to cover the Trust continues to meet or exceed the of an excellence and innovation centre for the outdoor play area thanks to a grant from the expectations of its community, it is likely to all Invercargill primary school children. This Trusts to the Child Cancer Foundation. retain its solid support. As we have reported centre has a dual function of teaching specially- before, our determination is, that if we continue Senior Citizens selected gifted and talented children, as well to serve our community to our best levels, Since the early 1990’s, the Invercargill as hosting classes from all Invercargill primary then not only can the Trust continue to play a Licensing Trust has hosted Christmas dinner schools so pupils can experience the most up- significant part in the future of Invercargill, but functions at Ascot Park Hotel for about 900 to-date ICT and equipment. we can help take the city to a whole new level. Invercargill senior citizens. This is one way we Interactive Whiteboards can recognise the value of these people, many Board All Invercargill schools continue to benefit of whom have supported the Trust since it was The Board of the Invercargill Licensing Trust from our Trusts’ Interactive Whiteboard Project first established in 1944. comprises: Alan Dennis (President), Suzanne with a further $1.2 million invested during the We also provided $500,000 (Invercargill Prentice (Vice-President), Neil Boniface, Colin year. Licensing Trust $150,000 and ILT Foundation Winter, Neville Cook, and Mark Winter. There $350,000) to assist with the addition of 12 new have been no changes to the Board since the Specialised Educational Programmes hospital rooms at Calvary Hospital. triennial elections held in October 2007. The Trusts funded an Education Conference, A further example of our commitment to our The Trustees of the ILT Foundation are: a new pilot Southland District Health Board elderly was the $92,000 our Trusts provided to Alan Dennis (Chairman), Suzanne Prentice, programme at Aurora College to encourage Age Concern to assist with a major upgrade of Neil Boniface, Colin Winter, Neville Cook, Mark pupils towards a career in the health sector, its centre. Winter, Ray Harper and Chris Ward. specialised programmes including Invercargill Kiwi Can, the YMCA’s Get an Edge, Raise up and Learn To Swim Classes Appreciation Represent programmes, DARE, Dreamweaver The Trusts again helped fund the Learn to During this report we have made reference and Southland Life Education programmes. Swim classes to ensure all Invercargill school to challenges that lie ahead, the objectives children aged 5 to 12 years received free that we have set ourselves and the absolute Tertiary Education Scholarships swimming lessons. This is the only example of need to deliver to the expectations of the The Invercargill Licensing Trust funded 170 this type of initiative we know of in New Zealand. community. Achieving these objectives would tertiary education scholarships to Invercargill- The Invercargill Licensing Trust and ILT not be possible without the unconditional based secondary school students at $2,000 a Foundation will continue to contribute to our commitment of our Board, Management and year for a three year period. We also funded community to ensure the city strives for the Staff. Therefore, we wish to record our sincere adult scholarships for those seeking to retrain. best for those who live here. n appreciation for the dedication and on-going contribution that they make to our Trusts. Sport Infrastructure Soccer Southland received major funding to develop an artificial, all-weather playing to the future Alan Dennis surface at Turnbull Thompson Park. Our Trusts t the time of writing this report, an issues – PRESIDENT provided $990,000 (ILT Foundation $750,000 Apaper on the reform of New Zealand’s and Invercargill Licensing Trust $240,000) to liquor laws was released. Based on earlier Greg Mulvey ensure the project’s success. Government decisions, this will be the platform – GENERAL MANAGER

06 A key policy for us is to develop businesses that meet the ever-changing expectations of our customers

Homestead Villa Motel

07 summary financial statements for the year ended 31 march 2009

audit report income statements for the year ended 31 march Group Parent To the readers of 2009 2008 2009 2008 Invercargill Licensing $ $ $ $

Trust’s summary Financial Operating Revenue 86,503,943 85,224,479 76,788,996 76,178,062 Statements for the year Net Finance Revenue 2,419,389 3,042,636 2,173,243 2,475,477 ended 31 March 2009. Less Operating Expenses 75,888,244 74,205,149 71,894,805 70,507,085 Operating Profit before Taxation 13,035,088 14,061,966 7,067,434 8,146,454 We have audited the attached summary financial statements. Less Taxation 1,372,133 2,316,419 1,372,133 2,316,419

Unqualified Opinion Operating Profit after Taxation 11,662,955 11,745,547 5,695,301 5,830,035 In our opinion: Less Grants 10,767,709 10,196,231 3,056,354 3,135,880 • the summary financial statements represents, fairly and consistently, the Net Profit for the Year 895,246 1,549,316 2,638,947 2,694,155 information regarding the major matters dealt with in the annual report, and • the information reported in the summary financial statements complies with FRS- balance sheets as at 31 march 43: Summary Financial Statements and is consistent with the full financial Group Parent statements from which it is derived. 2009 2008 2009 2008 We expressed an unqualified audit opinion, in our report dated 21 August 2009 on the $ $ $ $ full financial statements. Current Assets 34,381,755 36,375,133 27,248,402 29,863,271 Non Current Assets 52,651,800 48,012,663 47,410,983 42,736,974 Basis of Opinion Total Assets 87,033,555 84,387,796 74,659,385 72,600,245 The audit was conducted in accordance with the Auditor‑General’s Auditing Current Liabilities 11,735,031 9,897,801 8,820,551 9,313,641 Standards, which include the New Zealand Non Current Liabilities 1,465,266 1,551,983 1,465,266 1,551,983 Auditing Standards. Other than in our Total Liabilities 13,200,297 11,449,784 10,285,817 10,865,624 capacity as auditor, we have no relationship Net Assets 73,833,258 72,938,012 64,373,568 61,734,621 with or interests in the Trust.

Responsibilities of the Trustees and the Auditor The Trustees are responsible for preparing for the year ended 31 march the summary financial statements and we movements in equity are responsible for expressing an opinion Group Parent on those statements. 2009 2008 2009 2008 $ $ $ $ K J Boddy, Audit New Zealand On behalf of the Auditor‑General Equity at start of Year 72,938,012 71,388,696 61,734,621 59,040,466 Christchurch, New Zealand Net Profit for the Year 895,246 1,549,316 2,638,947 2,694,155 21 August 2009 Equity At End Of Year 73,833,258 72,938,012 64,373,568 61,734,621

This is a summary of the Financial Statements included in the Trust’s Annual Report for the year ended 31 March 2009. This summary cash flowsfor the year ended 31 march has been prepared in accordance with FRS 43 - Summary Financial Statements. It has been Group Parent authorised for issue by G J Mulvey, General Manager on 21 August 2009. An unqualified 2009 2008 2009 2008 audit report was issued on the full Financial $ $ $ $ Statements. The summary financial statements Cash Flow from Operating Activities 7,147,935 4,276,875 5,787,759 5,727,465 cannot be expected to provide as complete an Cash Flow from Investing Activities (17,153,889) (350,036) (13,983,444) 282,305 understanding of the financial performance, Cash Flow from Financing Activities (25,882) 318,450 (25,882) 318,450 financial position and cash flows of the Group Net Increase (Decrease) in Cash Held (10,031,836) 4,245,289 (8,221,567) 6,328,220 as the full Annual Report. A copy of the full Annual Report dated 16 July 2009 is available Add Opening Cash Brought Forward 25,278,401 21,033,112 19,114,029 12,785,809 from the Head Office of the Invercargill Licensing Trust, 252 Dee Street, Invercargill. Ending Cash Carried Forward 15,246,565 25,278,401 10,892,462 19,114,029

08 revenue over the last 5 years operating profit over the last 5 years (before deducting Taxation and Grants)

80,000,000 10,000,000

70,000,000 9,000,000 8,000,000 60,000,000 7,000,000 50,000,000 6,000,000 40,000,000 5,000,000

30,000,000 4,000,000

20,000,000 3,000,000 2,000,000 10,000,000 1,000,000 0 0 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009

ILT Foundation ILT Foundation Invercargill Licensing Trust Invercargill Licensing Trust

total community grants

Tertiary Scholarships Whiteboards for Schools 12,000,000 MRI Scanner Learners Pool 10,000,000 Civic Theatre Redevelopment First Aid Kits for homes 8,000,000 Calvary Hospital Teaching Centre 6,000,000 Southland Football Equestrian Centre 4,000,000 Waihopai Tennis Hockey Turf 2,000,000 Stadium Southland General Grants 0 2005 2006 2007 2008 2009

how each dollar of the reporting disclosures Invercargill Licensing Trust

Capital Commitments (parent) income is distributed The Invercargill Licensing Trust (Parent) had six projects Income Profit available in progress at 31 March 2009, which involved a future Sundry Operating Depreciation Tax after Tax capital commitment of $7,210,000 (2008: six projects Expenses 4% 2% 7% involving $1,418,000) 11%

Non-Capital Commitments Staffing Costs 21% Cost of Goods for Sale As at 31 March 2009 there were no non-capital or grant 55% commitments (2008: nil)

Contingent Liabilities and Assets

The Invercargill Licensing Trust (Parent) had in place a fidelity guarantee for $55,000 as at 31 March 2009 (2008: A $250,000 loan guarantee and $55,000 fidelity guarantee) how each dollar of the ILT

Related Parties Foundation income is distributed

Administration The Invercargill Licensing Trust (Parent) has provided Costs 1% gaming machine rental, administration and other services to the ILT Foundation valued at $1,403,887 for the year (2008: $1,376,872) Profit available for Grants Operating Expenses 51.5% 19% The Group’s Trustees are members of various Invercargill Depreciation 6% organisations who have had dealings with the Group. This Gaming Machine Duty has involved investment of funds as at 31 March 2009 of 22.5% $13.46m (2008: $15.1m) and monetary grants totalling $1,164,485 (2008: $1,400,926)

09 $ 10. 7 millionin grants to our community

Invercargill Licensing Trust

Age Concern Southland 25,000 Invercargill Schools-Whiteboards Project 118,000 Southland Cage Bird Club 3,000 Amigos Touch Team 960 Invercargill Smallbore Rifle Association 4,500 Southland Childrens Athletic Committee 2,500 Amputee Society of Otago & Southland 1,000 Invercargill South Rotary Club 3,000 Southland Competitions Society 5,500 Appleby Cricket Club 4,000 Invercargill Summer Festival Committee 10,000 Southland Cricket Association 41,500 Appleby Pool Club 1,600 Invercargill Sunrise Rotary Club 3,500 Southland Dairy Industry Awards 1,000 Appleby Patrons Club 1,500 Invercargill Truck Show & Parade 5,000 Southland District Health Board - Conference 1,500 Ascot Park Hotel Marathon Committee 1,000 Invercargill Victim Support Group 3,800 Southland District Health Board Ascot Sports Club 500 Invercargill Working Mens Club 3,000 - Incubator Programme 20,000 Athletics Southland 15,500 James Hargest College 7,100 Southland District Rugby Football League 6,000 Aurora College 1,000 Kew Bowling Club 600 Southland Down Syndrome Support Group 3,000 Badminton Southland 15,000 Koru Care Southland Charitable Trust 9,500 Southland Eagles Golfing Society 500 Balance Farms Environment Awards 500 Make A Wish Foundation 3,000 Southland Football Incorporated 25,000 Big Willy Rustlers 8 Ball Club 1,000 Marist Brothers Old Boys Rugby Football Club 17,000 Southland Girls High School 21,000 Blue Jay Marching Club 4,500 Marist Cricket Club 3,000 Southland Indoor Leisure Centre Charitable Trust 150,000 Bowls Southland 10,000 ME Information and Support Services 4,000 Southland Justices of the Peace 500 Brigadiers Netball Club 1,500 Meals on Wheels 2,555 Southland Multiple Sclerosis Society 4,440 Calvary Hospital Southland Foundation 150,000 Methodist Mission Aotearoa 1,500 Southland Olympic Weightlifting 500 Canteen-NZ Teenager Cancer Patients Society 4,000 Mission Shop Group 2,000 Southland Outdoor Stadium Trust - Rugby Park 550,000 Careers Expo 5,000 Murihiku Swimming Club 1,500 Southland Playcentre Association 20,000 Catholic Social Services 500 National Council of Women 1,000 Southland Primary Schools Sports Association 2,500 CCS Disability Action Southland 4,200 Netball Southland 250,000 Southland Psoriasis Association 400 Chamber Music 12,000 New Years Eve Charity Street Party 4,300 Southland Rowing Association 3,200 Child Cancer - Sunshade at Southland Hospital 10,000 New Zealand Reading Association 8,000 Southland Rural Heritage Trust 350 Citizens Advice Bureau 6,000 Newfield Tavern Dart Club 1,000 Southland Santa Parade Charitable Trust 1,500 City of Invercargill Rugby League Club 500 Non Drink Drive Campaign 3,875 Southland & Technology Fair 5,000 City of Invercargill Axemen 2,000 Northern Noggers Fishing Club 1,500 Southland Secondary School Cultural Scholarship 4,500 Clifton Hunting & Fishing Club 500 Northern Noggers Golf Team 500 Southland Secondary Schools Sports 29,500 Collegiate Rugby Club 3,000 NZ Choral Federation 345 Southland Shearing & Woolhandling 500 Combined Probus Club of Invercargill 2,000 NZ Deer Farmers Association - Southland Branch 1,500 Southland Softball Association 11,000 CPS - Child Protection Studies 2,000 NZ Institute of Management 7,000 Southland Tavern Pool Club 2,500 Cycling Southland 36,000 NZ Leadership Institute 500 Southland Tennis Association 22,500 Dan Davin Literary Foundation 6,000 NZ Police SI Bowls Tournament - Invercargill 3,000 Southland Travel Club 1,000 Dance Southland 500 NZ Society of Diversional Therapists 2,000 Southland Triathlon & Multisport Club 5,000 DARE 18,000 Old Boys Association Football Club 5,000 Southland Warm Homes Trust 100,000 Dodgers Softball Club 1,500 Onslow Indoor Bowling Club 500 Southland Water Polo 3,000 Eastern Suburbs Dart Club 800 Order of St John - First Aid Course 1000 students 18,443 Special Olympics 2,000 Eastern Suburbs Rugby Club 27,000 Order of St John - Invercargill Area - New Garage 15,000 Speech Communication Association 600 Environment Southland 2,000 Oreti Park Speedway 1998 2,500 SPELD Southland 2,500 Eventing Southland 19,000 Outward Bound Scholarships - 2008 57,321 Sport Southland 24,000 Fagasa Incorporated 2,000 Panache Choir 5,000 Squash City 1,000 Family Trust South 500 Perioperative Nurses 2,500 Squash Southland 20,000 Fight for Kidz 12,000 Phoenix Synchro Southland 15,000 St Marys Netball Club 5,000 Foveaux Harmony Chorus 2,000 Piping & Dancing Association of NZ 5,000 St Pauls Harrier & Athletic Club 2,400 Foveaux Masters Swimming Club 500 Pirates Rugby Football Club 3,000 Stadium Southland Ltd 14,000 Georgetown Bowling Club 500 Power Raiders Touch Teams 500 Star Rugby Football Club 2,000 Glen 560 All Sports Club 2,000 Queens Park Association Football Club 2,500 Swim Southland 20,000 Glen Country Music Club 1,500 Queens Park Golf Club 8,500 Table Tennis Southland - Scholarships 5,000 Glengarry Patrons Society 2,500 Rape and Abuse Support Centre 9,000 Te Rangi Bowling Club 1,200 Golf Southland 24,000 Rata Netball Club 4,000 Tertiary Education Scholarships 357,321 Greenacres Country Club 3,200 Rotary Club of Invercargill East 600 Touch Southland 19,000 Habitat For Humanity 1,500 Royal Academy of Music - Grant Sinclair 800 Verdon College 6,500 Halberg Trust 4,000 Royal NZ Plunket Society - Invercargill Branch 500 Volleyball Southland 5,000 HANZ Southland 2,500 Rugby Southland 5,925 Waihopai Womens Bowling Club 3,500 Head Injury Society of Southland 15,000 Rugby Southland Supporters Club 500 Waikiwi Bowling Club 1,100 Hearing Association 10,500 2nd NZEF Club 800 Waikiwi Highland Piping and Dancing Society 2,000 Hockey Southland 18,000 Save the Children Fund 3,500 Waikiwi Rugby Club 12,000 Hokonui Beamers & Specialties Club 500 SBS Golf Invitational 1,800 Waverley Bowling Club 1,840 Hospice Southland Charitable Trust 3,000 Senior Citizens Christmas Dinner 24,307 Waverley Park School 3,500 House of the Year Awards 2,000 Smac Maths Association 1,000 Windsor Community Church 25,000 IDEA Services 3,000 Soroptimist International of Invercargill 1,500 Windsor North School 12,792 ILT Kidzone Festival 2009 42,680 South Island Dairy Conference 1,000 World Draught Championships - Jan Mortimer 2,000 Institute of Registered Music Teachers NZ Southend United Soccer Club 1,500 Youthline Invercargill 2,930 - Southland 2,500 Southern Group Training Trust 1,000 Youthmark 9,000 Invercargill Schools Sing Out 12,000 Southern Institute of Technology 7,000 Invercargill Bowling Club 700 Southern Jackpot Netball Team 500 Grants under $300 14,113 Invercargill Central Lions 400 Southern Pastel Artists 2,000 Grants Refunded - Not Required (40,995) Invercargill City Council - Flood Tabloid 2,500 Southern Storytellers 2,700 Invercargill City Council - Learn to Swim Classes 52,500 Southland Amateur Harness Racing 3,000 Invercargill City Libraries 7,500 Southland Art Society 6,500 Invercargill Garrison Band 20,000 Southland Basketball Association 25,500 Invercargill Harness Racing Club 4,500 Southland Beneficiaries and Community Rights 20,000 total $3,056,354 Invercargill Irish Society 500 Southland Bowling Club 850 Invercargill Musical Theatre Company 35,000 Southland Boxing Association 7,000 Invercargill Old Boys Cricket Club 3,500 Southland Boys Brigade 500 Invercargill Rugby Football Club 11,000 Southland Boys High School 7,500

10 Invercargill Womens Refuge 6,000 Southland Holden Enthusiasts Club 2,000 Invercargill Working Mens Club 7,200 Southland Indoor Bowls Centre 26,200 James Hargest College 3,951 Southland Indoor Bowls Umpires Association 500 Jubilee Budget Advisory Service Ltd 15,000 Southland Kennel Association 10,000 Age Concern Southland 67,310 Kew Bowling Club 4,000 Southland Life Education Community Trust 5,000 All Saints Church 1,333 La Leche League 1,035 Southland Marathon Committee 10,000 Alzheimers Society Southland 15,000 Lees Street Kindergarten 7,500 Southland Mature Employment Charitable Trust 5,000 Anderson Park Art Gallery 5,000 Lindisfarne Kindergarten 15,000 Southland Mens’ Netball Team 1,500 Aqua Health 2,250 Misty River Country & Variety Music Club 1,200 Southland Motorcycle Club 22,000 Ascot Longtrack Motorsport Club 3,500 Netball Club 3,000 Southland Mountain Bike Club 6,000 Athletics Southland 55,848 Myross Bush Rugby Club 1,000 Southland Multi Nations Council 8,000 Athletics Southland - 15 Scholarships 18,952 Myross Bush School 3,500 Southland Multiple Sclerosis Society 17,500 Badminton Southland 75,000 National Heart Foundation 5,500 Southland Natural History Field Club 828 Badminton Southland - 2 Scholarships 2,950 Netball Southland 215,000 Southland Otago Axemens Association 2,898 Banardos Southland 15,000 New Zealand Opera Ltd 5,000 Southland Otago Weightlifting Association 10,000 Blue Light Invercargill Branch 14,000 Nga Hau E Wha Society 3,960 Southland Piping & Drumming Development Trust 35,000 Blues Indoor Bowling Club 400 North Invercargill Indoor Bowls Club 1,215 Southland Pony Club 10,500 Bluff Maritime Museum Trust Board 5,000 NZ Society of Geneologists - Southland Branch 1,200 Southland Power Boat Club 15,000 Bluff Oyster & Food Festival 10,000 Old Boys’ Association Football Club 8,000 Southland Primary Schools Cricket Team 2,000 Bluff Rugby Club 2,000 Orca Swimming Club 4,500 Southland Racing Club 10,000 Bluff Yacht Club 500 Order of St John - Invercargill Area 46,887 Southland Rodeo Association 5,000 Bowls Southland 59,300 Oreti Park Speedway 1998 120,000 Southland Rowing Association 11,000 Calvary Hospital Southland Foundation 350,000 Oreti Surf Life Saving 2,460 Southland Rowing Association Inc - 7 Scholarships 18,900 CCS Disability Action Southland 25,000 Otago/Southland Chinese Association 250 Southland Rural Heritage Trust 11,287 City of Invercargill Axemen 2,000 Community Church 25,000 Southland Santa Parade Charitable Trust 12,000 City of Invercargill Rugby League Club 1,500 Otatara Indoor Bowling Club 400 Southland Schools Gymnastic Festival 750 City Sports Machinery Pool 12,000 Otatara Kindergarten 7,500 Southland Social Studies Fair 3,200 Clarendon Kindergarten 1,779 Otatara Landcare Group 844 Southland Society of Model Engineers 2,000 Collegiate Rugby Club 9,700 Otatara Netball Club 3,500 Southland Softball Association 30,000 Collegiate Swimming Club 989 PACIFICA Ingill Branch Womens Council 1,000 Southland Softball Association - 2 Scholarships 3,600 Cooks Rugby League Club 1,800 Panthers Softball Club 6,000 Southland Sports Car Club 20,000 Cornerstone New Life Church 15,000 Parent to Parent 9,725 Southland Stock Car Drivers Association 30,000 Cycling Southland 170,675 Phoenix Synchro (Southland) 35,000 Southland Stroke Club 11,000 Cycling Southland - 11 Scholarships 19,900 Phoenix Synchro (Southland) - 5 Scholarships 3,500 Southland Ten Pin Bowling Association 1,250 Dance Southland 20,000 Piping & Dancing Association of NZ 5,000 Southland Tennis Association 80,760 Deep South Debonaires 350 Proactive Drive Youth Driver Education Trust 3,000 Southland Triathlon & Multisport Club 2,500 Demons Softball Club 2,680 Probus Club Invercargill Central 400 Southland Warms Homes Trust 100,000 Diabetes Southland 7,000 Queens Park Association Football Club 4,000 Southland Water Polo 18,500 Disabilities Resource Centre 12,500 Queens Park Ladies Golf Club 750 Southland Water Ski & Runabout Club 1,000 Dodgers Softball Club 6,000 Rape and Abuse Support Centre 2,500 Southland Workers Educational Association 16,000 Elston Lea Kindergarten 1,957 Rata Netball Club 4,000 Special Olympics 15,000 Epilepsy Association of NZ - Southland Branch 14,000 Riverton Coastguard 1,800 SPELD Southland 2,000 Eventing Southland 10,000 Rosebank Archery Club - 2 Scholarships 5,000 Spirit of Southland 6,000 Foveaux Harmony Chorus Incorporated 3,000 Rosedale Kilties Marching Team 4,000 Sport Southland 46,340 Freedom Community Centre - Glengarry 8,000 Royal NZ Plunket Society - Invercargill Branch 15,300 Squash City 500 Georgetown Bowling Club 3,000 Rugby Southland 2008 200,000 Squash Southland 55,000 Georgetown Indoor Bowls Club 2,160 Rugby Southland 2009 550,000 Squash Southland - 2 Scholarships 4,000 Glengarry Kindergarten 871 Rural Women NZ 500 St Andrews Indoor Bowling Club 500 Golf Southland 24,000 Sacred Heart School 1,800 St Josephs School 500 Gorge Road Clay Target Club 3,000 SBS Golf Invitational 1,500 Stadium Southland Ltd 37,554 Grasmere Presbyterian Church Indoor Bowls 500 Senior Net (South) 3,000 Star Rugby Football Club 27,000 Greenacres Country Club 26,000 Shakespeare in the Park Charitable Trust 7,000 Star Rugby Social Cricket 250 Habitat For Humanity 10,000 Southern Flyers Invercargill H3 2,000 Swim Southland 80,000 Harvestfield Christian Centre 20,000 Southern Men Ministry 4,000 Swim Southland - 2 Scholarships 2,400 He Tauaa Rugby League 4,000 Southern Models & Modelers Club 800 Table Tennis Southland Association - 1 Scholarship 2,500 HETTANZ Southland 600 Southern Railway & Modellers Club 600 Table Tennis Southland Association 22,000 Hockey Southland 50,000 Southern Rural Fire District 5,000 The Cottage Kindergarten 4,475 Hockey Southland - Oceania World Cup Qualifiers 110,000 Southern Sou’NZ Barbershop Chapter 14,000 Thistle AFC 1,700 Hospice Southland Charitable Trust 35,000 Southern Womens Hockey Club 1,200 Timeout Carers Southland Trust 1,325 Invercargill Budget Advisory Service 1,200 Southland A & P Association 8,000 Tisbury Primary School 30,000 Invercargill Citizens Bowling Club 3,000 Southland ACC Advocacy Trust 5,000 TOA Fighting Systems Southland 3,500 Invercargill City Council - Childrens’ Day 1,000 Southland Art Foundation 2,500 Touch Southland 83,000 Invercargill City Council - Community programmes 6,000 Southland Art Society 15,000 Touch Southland - 3 Scholarships 3,500 Invercargill City Council Southland Asthma Society 20,000 Tour of Southland 20,000 - Defibrillator & training courses 3,960 Southland Astronomical Society 2,247 Venture Southland 40,500 Invercargill City Council Southland Basketball Association 55,500 Verdon College 15,000 - Lighting around Replica Fishing Cutter 10,000 Southland Basketball Association - 2 Scholarships 2,400 Volleyball Southland 36,118 Invercargill City Council Southland Battalion Boys Brigade 25,000 Waihopai Association Football Club 5,800 - Schools’ swimming programme 52,500 Southland BMX Club 800 Waihopai Bowling Club 3,960 Invercargill City Libraries 4,500 Southland Boxing Association 13,000 Waihopai Playcentre 6,000 Invercargill Community Patrol Charitable Trust 11,500 Southland Boys’ High School - 1 Scholarship 2,500 Waikiwi Kindergarten 15,000 Invercargill Contract Bridge Club 1,000 Southland Community & Equestrian Event Waikiwi Rugby Club 15,000 Invercargill Croquet Club 2,225 Centre Charitable Trust 750,000 Waimatuku Highland Pipe Band 1,500 Invercargill Environment Centre 1,500 Southland Community House Charitable Trust 7,883 Waverley Croquet Club 600 Invercargill Garrison Band - 6 Scholarships 13,250 Southland Community Wastebuster Trust 20,000 Windsor North School 12,792 Invercargill Garrison Band 2008 50,000 Southland Cot Death Society 7,000 Worldskills Southland - 1 Scholarship 2,500 Invercargill Garrison Band 2009 50,000 Southland Cricket Association 128,500 YMCA Charitable Trust Southland 40,000 Invercargill Golf Club 42,000 Southland Darts Association 3,000 Invercargill Harness Racing Club 18,000 Southland District Health Board 40,000 Grants Refunded - Not Required (176,846) Invercargill Indoor Bowls Sub Centre 2,000 Southland District Rugby Football League 40,000 Invercargill Irish Society 4,700 Southland Electrical Trades Golf Tournament 300 Invercargill Kiwi Can Charitable Trust 25,000 Southland Embroiderers Guild 300 Invercargill Middle School 2,500 Southland Enterprises Inc 11,569 total $7,711,355 Invercargill Netball Centre 1,760 Southland Fire Service Museum Society 5,000 Invercargill Okinawan Gosu-Ryu Karate Club 10,000 Southland Foodbank Charitable Trust 18,000 Invercargill Poultry & Pigeon Club 500 Southland Football Incorporated Invercargill Primary Schools Educational - New Playing Surface 750,000 Initiatives Trust 416,000 Southland Football Incorporated 75,000 Invercargill Repertory Society 37,500 Southland Ford Falcon Club 3,500 combined total grants Invercargill Rugby Football Club 6,000 Southland Foster Care Association 3,500 Invercargill Schools-Whiteboards Project 1,082,220 Southland Girls’ High School - 1 Scholarship 500 Invercargill Suzuki Violin Studio 3,500 Southland Golf Club 32,400 Invercargill Toy & Puzzle Library 1,720 Southland Guild of Spinners Weavers & Dyers 2,000 $10,767,709 11 Invercargill Licensing Trust PO Box 208, Invercargill 9840, New Zealand Phone 03 211 3640 Fax 03 214 4418 Email [email protected] www.ilt.co.nz

Craigs Design & Print 121528