DOCSLIB.ORG

NAVITAS LIMITED ANNUAL REPORT 2018 OUR VISION to Be One of the Most Trusted Learning Organisations in the World

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
NAVITAS LIMITED ANNUAL REPORT 2018 OUR VISION to Be One of the Most Trusted Learning Organisations in the World NAVITAS LIMITED ANNUAL REPORT 2018 OUR VISION To be one of the most trusted learning organisations in the world. OUR MISSION Navitas is passionate about creating opportunities through lifelong learning, and being a global leader in delivering better learning solutions. Navitas has helped generations of learners transform their lives through education. For over 40 years, hundreds of thousands of OUR VALUES learners from around the world have graduated from Navitas colleges DRIVE to achieve and having experienced a teaching and learning environment that supports advance together. them to harness their talents and achieve their dreams. ADVENTUROUS in mind and spirit. Navitas’ success is underpinned by its unparalleled international network, a peerless commitment to student experiences and outcomes, a track record of working in partnership CONVICTION in our purpose and potential. with universities and industry and a passion for discovering new technologies and models of teaching and learning that will improve education now and into the future. GENUINE in the way we behave and deliver. From pre-university and pathway programs to university, to English language and vocational training and undergraduate and postgraduate degrees, Navitas reaches aspirational learners RIGOUR to enhance our professional reputation at more than 120 colleges and campuses across its global network each year, powered by and credibility. a diverse group of talented employees. RESPECT by celebrating, Navitas is a proud Australian company that pioneered an innovative university valuing and caring for people partnership model of education in Perth in 1994. Its entities have and the environment. delivered education programs across the country since 1976. Navitas is listed on the Australian Securities Exchange (ASX:NVT) and is part of the S&P/ASX 200 Index. Contents 1 OPERATING AND FINANCIAL REVIEW 2 FY18 Highlights and Achievements 3 Chairman and Group CEO Report 5 About Navitas 7 Review of Operations 9 About our Businesses 13 Corporate Responsibility 21 Corporate Governance 25 2 DIRECTORS’ REPORT 31 Remuneration Report 37 3 FINANCIAL STATEMENTS AND NOTES 56 Consolidated Statement of Profit or Loss 57 and Other Comprehensive Income Consolidated Statement of Financial Position 58 Consolidated Statement of Cash Flows 59 Consolidated Statement of Changes in Equity 60 Notes to the Financial Statements 61 4 DIRECTORS’ DECLARATION 94 5 INDEPENDENT AUDITOR’S REPORT 95 6 ADDITIONAL INFORMATION 99 7 INVESTOR INFORMATION 100 8 GLOSSARY 101 9 CORPORATE INFORMATION 103 Section 1 Navitas Limited Annual Report 2018 Navitas Limited Annual Report 2018 navitas.com 1 Life-changing opportunities to learn Life-changing opportunities to learn 2 FY18 Highlights and Achievements QUALITY EFFICIENCY GROWTH CORPORATE RESPONSIBILITY Non-Executive Director Management Staff Gender Diversity Gender Diversity Gender Diversity 50% 40% 60% Global University Rationalisation of Careers 6% growth in average Pass rates 84%, and Industry Division (C&I) FY18 enrolments for Retention rates 90%, announced - stabilising University Partnerships FEMALE FEMALE FEMALE Progression rates 94% foundation for growth 50% 60% 40% MALE MALE MALE Above sector average Quality 40 bps margin improvement New agreements with Virginia 5,00 Indicators for Learning and in continuing University Commonwealth, Murdoch 49 0 Teaching (QILT) survey results Partnerships operations University and conversion $ Scholarships of Swansea College to JV awarded worth Navitas Education 1,450 Trust Donations Hours Volunteered 5 YEAR FINANCIAL SUMMARY 6 University Partnership Operations streamlined C&I opportunities with contracts renewed and shared service growing demand for tertiary 2018 2017 2016 2015 2014 % Change implementation progressed skills education, short courses, micro credentialing $000s $000s $000s $000s $000s 18/17 Revenue 930,980 955,195 1,010,651 980,341 878,219 -2.5% EBITDA 81,959 155,048 164,581 163,107 144,929 -47.1% Navitas Group Revenue ($m) Navitas Group EBITDA ($m) Navitas Group NPAT ($m) Profit/(loss) attributable to members of Navitas (55,847) 80,337 90,078 71,810 51,584 n/a Basic earnings per Share (cents) (15.6) 22.1 24 19.1 13.7 n/a 1200 180 100 160 80 1000 Interim dividend per Share (cents) 9.4 9.4 9.6 9.4 9.4 140 60 800 120 40 Final dividend per Share (cents) 8.0 10.1 9.9 10.1 10.1 100 20 600 ® 80 0 EVA created 38,642 49,545 60,286 62,861 51,779 400 60 -20 Operating cash flows 92,301 101,534 125,810 141,834 140,939 40 -40 200 20 -60 Total equity 28,807 155,738 209,799 206,667 211,709 0 0 -80 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 Return on capital employed 15.3% 18.2% 21.6% 22.8% 19.9% Navitas Limited Annual Report 2018 Navitas Limited Annual Report 2018 navitas.comnavitas.com 3 Life-changing opportunities to learn Life-changing opportunities to learn 4 At the end of FY18, Rod Joness,, coo-founder and inaugural CEO and Managing Director of NNaviitas retiired ffrom hiis executtiive rolless. We pay ttributte tto hiis tremendous vision and leadershipp in buiilding Naviitas to the Chairman and Group CEO Report company it is todayy. Dear Shareholder, At the end of FY18, Rod Jones, co-founder RATIONALISATION OF CAREERS and inaugural CEO and Managing Director The overall financial outcomes for the 2018 AND INDUSTRY DIVISION TO of Navitas retired from his executive roles. financial year (FY18) were disappointing, UNDERPIN IMPROVED RETURNS We pay tribute to his tremendous vision with the financial statements showing and leadership in building Navitas to the The portfolio review of the Careers an after-tax loss of $55.8m after taking company it is today, and to his enormous and Industry Division highlighted the account of a range of one-off charges positive impact on the education sector variability of financial returns across CONTINUED GROWTH CORPORATE GOVERNANCE quality student outcomes, a reputation associated with a major rationalisation in Australia and on the lives of many different regions. In high-demand sectors IN ENROLMENTS for innovation and with access to capital, of our Careers and Industry Division. An overview of our governance and risk hundreds of thousands of students who and regions with stable regulatory Navitas is well positioned to excel in an Despite the disappointing result for FY18, The University Partnerships Division management processes is available on have benefited from expanded and environments, the Division is well placed evolving education sector. the University Partnerships and the grew enrolments by 6% across FY18 page 25 and the full version online. We improved global education opportunities. to offer high quality student programs remaining Careers and Industry businesses ahead of Navitas’ 2020 target of 5%. encourage shareholders to read it in full. We would like to thank the Board The Navitas Board appointed Rod as a profitably. However, SAE’s US operations remain strong and are positioned well New partnership contracts were signed and the entire Navitas team for their Non-Executive Director, effective 1 July have experienced challenging operating David Buckingham was announced as for the future. The rationalisation of with Virginia Commonwealth University contribution to the outcomes achieved 2018. He will be taking a well-deserved conditions, a situation that is not expected the successor for Rod Jones as CEO the Careers and Industry Division was and Murdoch University and five existing in FY18. We would also like to thank all leave of absence until the December to improve in the foreseeable future. For and Managing Director in October 2017. implemented following a detailed portfolio partner contracts were successfully our shareholders for their ongoing support board meeting. We look forward to his example, accreditation is required at both Following a handover period, David review undertaken to address the renewed with no change in key commercial and look forward to delivering on our plans continued contribution to Navitas and state and national levels, leading to long assumed CEO responsibilities in March lower-than-expected return on capital terms. In addition, the college operated for growth in shareholder returns. to the education sector more broadly. lead times, high compliance costs, and 2018 and Managing Director responsibilities of the Division in the face of challenging with Swansea University was converted relatively small student cohorts. in July 2018. As previously mentioned, regulatory conditions. QUALITY OUTCOMES CONTINUE to a joint venture on 1 March 2018 to Rod was appointed as a Non-Executive The rationalisation program will include the implement a broader strategic The majority of this restructure will be in TO BE THE CORE FOCUS Director upon his retirement from closure and relocation of some colleges opportunity for growth. the US and will include investigating the executive duties. The Board is pleased Academic outcomes across Navitas’ and the investigation of the sale of the SAE TRACEY HORTON AO divestment of all SAE US colleges. After- The Careers and Industry Division opened with the stability provided for Navitas divisions and regions continued to improve US business. Health Skills Australia (HSA) Chairman tax one-off charges totaling $123.8m were a new SAE campus in Hannover and and its stakeholders going forward. including pass and retention rates in the will also be closed or divested, as changes included in the FY18 financial statements several SAE campuses were refurbished University Partnerships Division, and to the vocational education funding rules The period also saw the retirement as a result. A further $5m of restructuring and relocated, including Vienna, Paris Australian Quality Indicators for Learning in Australia have impacted the economic of James King from the Board after 13 costs will be incurred in FY19 relating to and Brisbane, to drive improved student and Teaching (QILT) survey scores for viability of the business. We will support years of excellent service for Navitas. staff termination payments and campus outcomes and enrolments.
Load more

Recommended publications
  • University Programs
    POSTGRADUATE UNIVERSITY PROGRAMS PROGRAMS Navitas is a trusted and experienced education provider, with more than 15 years’ experience delivering superior educational programs around the world. Navitas colleges operate in partnership with leading universities to MIBT MQC QIBT Curtin Singapore Curtin University Sydney Navitas at UMASB Navitas at UMASD Navitas at UMASL WKU Navitas at BCUIC CRIC HIC ICP ICRGU ICWS LIBT PUIC provide you with direct pathways to undergraduate Accounting • • • • • • • • • and postgraduate studies. Aerospace Engineering • Agriculture • • Arts Management • Most Navitas colleges are located on the A Navitas undergraduate pathway program is Aviation • campuses of our leading partner universities equivalent to the first year of a bachelor’s Banking • • in Australia, Canada, Singapore, the UK and degree at one of our partner universities. Biological Science • • • the USA. As a Navitas student you’ll have If you successfully complete the pathway Branding and Brand Management • access to all university facilities and services program and other requirements, you will be while experiencing the campus lifestyle. eligible to enter second year of the degree Business Information Systems • • • program at that university. Business and Administration • • • • • • • • • • • Our small class sizes offer greater academic Business Management • • • • • • support and more opportunities to interact A number of Navitas colleges also offer Chemical Engineering • • with your instructors. Many instructors at postgraduate pathway programs
    [Show full text]
  • Navitas Limited Full Year 2017 Financial Results
    Navitas Limited Full Year 2017 Financial Results Incorporating the requirements of Appendix 4E Navitas Limited ABN 69 109 613 309 ASX APPENDIX 4E Results for announcement to the market Report for the full year ended 30 June 2017 $m Revenues from ordinary activities 955.2 down 5.5% Earnings before interest and tax (EBIT*) 136.4 up 2.6% Profit after tax from ordinary activities attributable to members 80.3 down 10.8% Dividend Information Amount Franked per amount per share share (cents) (cents) Interim 2017 dividend (paid 15 March 2017) 9.4 9.4 Final 2017 dividend (to be paid 15 September 2017) 10.1 10.1 Important dates for shareholders Ex-dividend date 31 August 2017 Record date 1 September 2017 Payment date 15 September 2017 The Company’s dividend reinvestment plan (DRP) will apply for the final dividend. The DRP will be offered at no discount to market. The last date for receipt of an election notice to participate in the DRP is by 5.00pm (AEST) on 4 September 2017. 30 June 2017 30 June 2016 Net tangible asset backing per ordinary security (70.6 cents) (54.3 cents) Additional Appendix 4E disclosure requirements can be found in the directors’ report and the 30 June 2017 financial statements and accompanying notes. This report is based on the consolidated financial statements which have been audited. This document comprises the Navitas Limited 2017 Full Year Financial Results and is provided to the Australian Stock Exchange under Listing Rule 4.3A. All comparisons are with the reported results for the twelve months ended 30 June 2016.
    [Show full text]
  • Navitas Submission
    Inquiry into the principles of the Higher Education and Research Reform Bill 2014 Submission from Navitas Limited to the Senate Education and Employment References Committee Navitas Limited welcomes the opportunity to provide a submission to the Senate Education and Employment References Committee Inquiry into the Principles of the Higher Education and Research Reform Bill 2014 and related matters. This submission addresses three of the seven matters referred to the Committee. a) Principles of the Higher Education and Research Reform Bill 2014 Navitas supports a well-regulated, innovative, diverse, globally connected public and private education sector and believes that the Higher Education and Research Reform Amendment Bill 2014 currently before the Parliament puts fairness and choice into the system for students as well as providing reforms that allow the development of a more sustainable, ‘future ready’ higher education sector. Navitas believes that Australian higher education should be based on principles of: Student Choice By opening up access to non-university higher education providers (NUHEPs) the Bill provides students with significantly increased choices as to where, how, what and when they can study, including access to niche specialist and applied skills courses, more innovative and flexible teaching models, and linkages between students and industry. Access The Bill improves access for students from low socio-economic status backgrounds, rural and remote regions, mature-age learners, and non-traditional learners. Navitas supports reforms that will open up demand driven funding to non-university, TEQSA accredited higher education providers at both the sub-bachelor and bachelor levels. Evidence shows NUHEPs are highly skilled in delivering: Tailored, sub-bachelor programs for students from low SES and other non- traditional backgrounds.
    [Show full text]
  • Navitas Limited Navitas
    Navitas Limited 2010 Annual Report 2010 Limited Navitas Navitas Limited 2010 Annual Report For personal use only Contents Who are We? 4 Highlights and Achievements 6 Board of Directors 8 Group Leadership Team 10 Chairman’s Letter 14 Chief Executive Officer’s Review of Operations 16 Divisional Review of Operations 22 Corporate Governance Statement 38 Financial Statements 50 Corporate Information 122 Additional Information 123 Investor Information 125 Glossary 126 Business Contact Details 128 The Annual General Meeting of Navitas Limited will be For personal use only held at the Jarrah Room, Level 2, Kirin Centre, 15 Ogilvie Road, Mount Pleasant, Western Australia 6153 on Tuesday 23 November 2010 at 11am (Perth time). Vision Navitas is universally recognised as the most trusted global learning organisation in the world. Mission Navitas is passionate about creating opportunities through lifelong learning and being a global leader in delivering better learning solutions. Values We have conviction to our purpose and potential. We demonstrate drive by achieving and advancing together. We are adventurous in mind and spirit. We demonstrate rigour in enhancing our professional reputation and credibility. We are genuine in the way we behave and deliver. We show respect by celebrating, valuing and caring for people and the environment. Core Business For personal use only Anticipating the world’s learning needs, creating and delivering a comprehensive range of learning and exchanges and equipping people with valuable qualifications, essential skills
    [Show full text]
  • SAE MAGAZIN Das Magazin Von Institute Und ALUMNI Association
    Digitalmischpulte DM-3200 / DM-4800 2008 | 1 Bewährte Zutaten plus Sahnehäubchen: Mehr Genuss nicht nur im Studio. SAE MAGAZIN Das Magazin von SAE Institute und ALUMNI Association SAE MAGAZIN 2008 | 1 Das Magazin von SAE Institute und SAE ALUMNI Association DM-3200 mit optionaler Meterbridge MU-1000 rprobte Rezep- E turen soll man ja nicht ohne Not ändern. DM-4800 mit optionaler Meterbridge MU-1000 Deshalb besteht unser neues DM-4800 erst einmal aus rierbaren Drehgebern lässt Im neuen Vollmodul- mehr von all dem, was schon sich so nicht nur die Arbeit Bereich sind alle Kanal- das DM-3200 so erfolgreich im Studio entspannter parameter auf direktem Weg erreichbar macht: mehr Eingänge, mehr angehen, selbst einem Live- Ausspielwege, noch flexible- Einsatz können Sie gelassen res Routing … entgegensehen. Das gewisse Etwas aber An welchen Ingredien zen ist sein spezielles Regler- unserer Mischpulte Sie sonst feld, mit dem Sie auf sämt- noch Geschmack finden liche Parameter eines Kanals könnten, erfahren Sie bei Zugriff haben. In Verbindung Ihrem Tascam-Fachhändler. mit 24 Kanälen auf einer Oder besuchen Sie uns im IF-FW/DM MKII FireWire-Karte für Fader ebene und 24 konfigu- Internet. 32-kanalige Anbindung an DAWs SAE OXFORD – the world’s largest creative media campus, opens its doors in October 2008! Weitere Beilagen (gegen Aufpreis): MU-1000 Meterbridge mit Timecode-Display · IF-AN/DM 8-kanalige Analogschnittstelle :: PEOPLE & BUSINESS :: EVENTS & ACTIVITIES :: PRODUCTION & KNOW HOW IF-TD/DM 8-kanalige TDIF-1-Schnittstelle · IF-AD/DM 8-kanalige ADAT-Schnittstelle © 2007 TEAC Corporation. Alle Rechte vorbehalten. Änderungen an Konstruktion und technischen Daten vorbehalten.
    [Show full text]
  • ASX RELEASE 15 May 2015 Navitas Enters Agreement to Jointly Own And
    ASX RELEASE 15 May 2015 Navitas enters agreement to jointly own and operate the University of Canberra College with the University of Canberra Global education services provider Navitas Limited (ASX: NVT) has today announced the execution of agreements with the University of Canberra (UC) under which Navitas will purchase 51% equity in University of Canberra College Pty Limited (UCC), an existing pathway college located on the University’s main Canberra campus, for approximately $4.9m and then jointly operate UCC with UC. Under the structure UCC will be jointly owned by Navitas and UC and governed by a board of directors with equal Navitas and UC representation. UCC is already capitalised to an appropriate level to fund expected working capital needs and accordingly it is not envisaged that Navitas and UC will need to contribute additional funds to UCC. There will be no net debt on the balance sheet on acquisition. Navitas will fund the acquisition through its existing funding facilities and will equity account its share of the earnings of UCC in its Group financial statements. This collaboration will enhance UCC’s capacity to recruit more students from a wider range of countries around the world and to deliver both existing and new programs. UCC, which commenced teaching in 1998, will continue providing university pathways, English-language and diploma courses to international and domestic students - with those who successfully complete a UC College program being eligible to continue their studies in degree courses at UC. UCC diploma programs include business, business informatics, communication, design, information technology and science. UCC enrol approximately 1,300 university pathway students and 900 English language students annually.
    [Show full text]
  • Animation | Music Business | Live Sound | Electronic Music 1976-2011 35 Years
    AUDIO | FILM | ANIMATION | MUSIC BUSINESS | LIVE SOUND | ELECTRONIC MUSIC 1976-2011 35 YEARS SAE Institute was established in 1976 by Engineer/Producer Tom Misner in Sydney, Australia. It has now become the largest creative media institute in the world, with over 55 campuses located in 24 countries. CONTENTContentS A UNIQUE HISTORY 04 OUR EDUCATION CONCEPT 06 YOUR Way THROUGH SAE 07 AUDIO ENGINEERING 08 FILM PRODUCTION 10 ANIMATION 12 MUSIC BUSINESS 14 CERTIFICATE COURSES 16 GLOBAL STUDY OPTIONS 17 SAE ONLINE 17 UNIQUE ADVANTAGES OF SAE 18 GRADUATES TALK ABOUT SAE – Graduate TESTIMONIALS 20 SAE ALUMNI ASSOCIATION & MYSAE 21 GLOBAL PARTNERS 23 THE SAE NETWORK 24 LOCATIONS 25 Dr Tom Misner 04 A UNIQUE HISTORY At SAE Institute we are proud of our successful and innovative background. Having expanded our network to over 55 campuses worldwide, we now offer our students an incredible choice of locations DR TOM MISNER and expansive resources. We believe every student should have access to train at a high quality PRESIDENT AND FOUNDER OF SAE INSTITUTE educational facility for a range of careers in creative media technologies, which is why we continue our commitment to opening an SAE Institute in every major city worldwide. I have watched countless students graduate and find great success in the Industry. It still gives me great pleasure to see so many of our graduates gain success and recognition. It is very important SAE Institute was established in 1976 as the world’s first audio engineering school and has since to me that SAE maintains a very practical hands-on approach to teaching because this will make extended its curriculum, becoming an international network of audio, multimedia, animation and film our students the best in their field.
    [Show full text]
  • SAE INSTITUTE 2014 International Prospectus
    CREATIVE MEDIA EDUCATION SAE INSTITUTE 2014 International Prospectus Version: 2014-02 JC SAE Institute Our vision is to be the world leader in private post-secondary education for creative media technologies. We provide specialist vocational and higher education courses worldwide to inspire and develop our graduates. Our courses emphasise practical experience and the needs of students and industry. Our students access the latest knowledge and outstanding facilities to enhance their skills. We are globally networked as a professional community in creative media. We value commitment to professional excellence in learning and teaching, creative development and student support. We manage a culture of creativity and innovation, teamwork and collegiality and a global perspective with respect for individual differences and diverse cultures. We encourage the application of technical mastery and analytical skill to working environments, entrepreneurialism to achieve sustainable growth, open intellectual enquiry and lifelong learning. • Excellence in our courses and the quality of the student experience. • Support for our students to achieve industry-relevant skills and employment. • Sustainable organisational growth and development. • • A Message from our Founder “I founded SAE Institute to provide world-class education and training in the creative media sectors. It’s great you’ve chosen to consider SAE Institute and the information provided here will assist you to see the quality of our practical industry relevant courses. I also invite you
    [Show full text]
  • Navitas Position Paper
    Growing International Education in Regional Australia Navitas Position Paper December 2018 Navitas offers the following key points for consideration by the Council for International Education, relevant federal, state and local government agencies, the international education sector and related industry sectors regarding how to growth international education in regional Australia. Key considerations Definition and language of ‘regional’ As a leading global education provider – and one that has a substantial presence in Australia, including beyond metropolitan Sydney, Melbourne and Brisbane – Navitas is keen to explore, test and leverage ways to grow the number of international students outside of these major cities. Our university partnerships include many campuses outside the three major metropolitan centres of Sydney, Melbourne and Brisbane: • James Cook University – Townsville and Cairns campuses • Griffith University – Gold Coast campus • University of Newcastle – Callaghan campus • Western Sydney University – Parramatta campus • University of Canberra – Bruce campus • Deakin University – Geelong Waurn Ponds and Geelong Waterfront campuses • La Trobe University – Bendigo campus (in discussion) • University of Adelaide – Adelaide campus • University of South Australia – Adelaide campus • Curtin University – Bentley campus • Edith Cowan University – Mount Lawley and Joondalup campuses • Charles Darwin University – Casuarina campus Navitas’ Careers and Industry Division also has campuses beyond Sydney, Melbourne and Brisbane: • SAE Creative Media Institute – campuses in Byron Bay, Adelaide and Perth • Australian College of Applied Psychology – campuses in Adelaide (and soon in Perth) Navitas believes that ‘destination diversity’ is the objective of policy and programs that aim to promote ‘regional’ study options. For this reason, Navitas suggests that in international education, all levels of governments, providers and other stakeholders adopt a definition of ‘regional’ that is ‘non-major metropolitan’.
    [Show full text]
  • ASX RELEASE 2 February 2016 Lisa Paul Appointed to Navitas Board
    ASX RELEASE 2 February 2016 Lisa Paul appointed to Navitas Board Global education services provider Navitas Limited (ASX: NVT) is pleased to announce the appointment of Lisa Paul AO PSM FAICD FACEL FAIM FIPAA as a Non-Executive Director. Ms Paul has held a number of senior operational roles in the Australian Public Service, most recently as Secretary (Chief Executive) for the Department of Education and Training. The Department administers the Australian Government’s interests in early learning, school education, youth affairs, higher education, vocational education and training, international education and academic research. Ms Paul has also held senior roles in the Department of Education, Employment and Workplace Relations (AUS), the Department of Education, Science and Training (AUS), the Department of Family and Community Services and the Health Insurance Commission. Ms Paul is also a professional Non-Executive Director with extensive board and executive experience gained across a variety of sectors, including education, employment and workplace relations. Ms Paul is currently a Non-Executive Director of the Australian Schools Plus Board, Social Ventures Australia and the Australian Research Alliance for Children and Youth. Ms Paul is also a member of the Advisory Board’s for the Centre for Strategy and Governance, the Australian National University Crawford School of Public Policy, the National Security College, the Australian Research Alliance for Children and Youth and the Strategic Centre for Leadership, Learning and Development. Navitas Chairman Harvey Collins said that Ms Paul will bring significant experience in organisational change and her knowledge of the education, employment and workplace relations sectors will be particularly valuable.
    [Show full text]
  • Navitas Limited 2010 Annual Report Contents
    Navitas Limited 2010 Annual Report Contents Who are We? 4 Highlights and Achievements 6 Board of Directors 8 Group Leadership Team 10 Chairman’s Letter 14 Chief Executive Officer’s Review of Operations 16 Divisional Review of Operations 22 Corporate Governance Statement 38 Financial Statements 50 Corporate Information 122 Additional Information 123 Investor Information 125 Glossary 126 Business Contact Details 128 The Annual General Meeting of Navitas Limited will be held at the Jarrah Room, Level 2, Kirin Centre, 15 Ogilvie Road, Mount Pleasant, Western Australia 6153 on Tuesday 23 November 2010 at 11am (Perth time). Vision Navitas is universally recognised as the most trusted global learning organisation in the world. Mission Navitas is passionate about creating opportunities through lifelong learning and being a global leader in delivering better learning solutions. Values We have conviction to our purpose and potential. We demonstrate drive by achieving and advancing together. We are adventurous in mind and spirit. We demonstrate rigour in enhancing our professional reputation and credibility. We are genuine in the way we behave and deliver. We show respect by celebrating, valuing and caring for people and the environment. Core Business Anticipating the world’s learning needs, creating and delivering a comprehensive range of learning and exchanges and equipping people with valuable qualifications, essential skills and experiences. 20 19 20 19 14 13 17 15 41 46 9 10 16 18 21 22 23 14 13 17 15 41 46 24 9 10 16 56 18 42 21 22 23 52 50 39 24 45 55 43 56 42 40 48 52 44 50 39 47 45 55 43 40 48 53 44 47 57 53 54 12 8 32 57 5411 51 12 8 32 11 51 7 49 7 49 31 31 26 26 1 25 35 1 25 35 36 30 6 3 36 30 6 3 2 27 33 238 27 33 38 Who are We? 37 29 5 37 29 5 4 28 34 4 28 34 Navitas is a diversified global education provider that offers an extensive range of educational services for students and professionals including university programs, language training, workforce education and student recruitment.
    [Show full text]
  • SAE Institute and Qantm College Student Handbook Contents 1 WELCOME
    SAE INSTITUTE & QANTM COLLEGE STUDENT HANDBOOK BRISBANE | BYRON BAY | SYDNEY | MELBOURNE | ADELAIDE | PERTH SAE Institute Pty Ltd trading as SAE Institute and Qantm College ABN 21 093 057 973 373-391 Ewingsdale Road Byron Bay NSW 2481 Australia P: +61 2 6639 6000 F: +61 2 6685 6133 www.saeaustralia.edu.au National Provider Code: 0273 CRICOS Provider Codes: 00312F (NSW), 02047B (VIC), 03204G (QLD), 02431E (WA) Student Handbook Version May 2013 Copyright © 2013 The contents of this document remain the sole property of SAE Institute Pty Ltd. No person or entity may distribute, sell, reproduce or copy in any other way any part or whole of the contents of this document without the written permission of the Managing Director and CEO of SAE Institute Pty Ltd. Page 2 | 2_S_HBK_006_StudentHandbook_130521 SAE Institute and Qantm College Student Handbook Contents 1 WELCOME ............................................................................................................................................................................... 5 2 PURPOSE OF THE STUDENT HANDBOOK ................................................................................................................................. 5 3 VISION, MISSION AND COMMITMENT .................................................................................................................................... 5 Vision ...................................................................................................................................................................................
    [Show full text]