Royal Agricultural Society of NSW Royal Agricultural Annual Report Society 2008/2009 of NSW Annual Report 2008/2009 Royal Agricultural Society of NSW Annual Report 2008/2009 3

Contents Our mission: President’s Welcome

3 President’s Welcome Welcome to the 2008/2009 Annual Report of celebrate our agricultural heritage. which generates revenue to support our A not-for-profit organisation, the Royal Agricultural Society of NSW (RAS). The RAS has a judging tradition stretching agricultural initiatives was adversely 4 2008/09 Highlights The RAS is a multi-faceted not-for-profit back to our inception in 1822. 188 years later effected. A restructure of the Sydney Showground operation and careful 6 The Year Ahead forging the future of agriculture organisation. We run the largest annual and the Sydney Royal competitions remain event in Australia, a world-class venue and the pinnacle of excellence for farmers, management of costs, has reduced the 8 RAS Board Members event management operation, an animal breeders, artists and producers. Our judging impact of the global financial crisis. 10 RAS Council Committee Chairs through competition, education registry that maintains records for over 1.8 standards are rigorous, and our integrity is The RAS Council, all of whom are volunteers, million animals, a charitable Foundation for held in high regard. For this reason a Sydney work tirelessly to achieve the Society’s aims 12 Executive Management Team and events. rural and regional communities, and also the Royal award is valued not only by industry and run the organisation according to the 13 RAS Office Bearers most prestigious agricultural competitions but increasingly by consumers, and provides traditions laid down by a group of citizens in Australia, including wine, fine food, art, a platform for Australian products and who first met in Parramatta in 1822. The RAS 14 Corporate Governance livestock, woodchop, grain and horticulture. producers to excel. staff are a dedicated team of professionals Statement Our purpose: Our values: It’s been an encouraging year for the RAS, I am especially proud of the great work that working hard to support these efforts. 15 Income Statement one in which we have continued in our our charitable arm, the RAS Foundation Throughout our long and distinguished mission to take excellence in agriculture to (RASF), has undertaken in the past 12 history the Society has always kept • To encourage the sustainable • We are proud of our history 16 Balance Sheet the Australian community. months. In only its second year of operation agricultural excellence at the forefront of all development of agriculture by holding and achievements. the RASF has supported over 20 school that we do. I’m confident that the RAS is well 17 Cash Flow Statement events and competitions that support It was another outstanding year for the • Our purpose of encouraging the literacy and numeracy programs. The placed to continue this vital work as we enter agricultural excellence and innovation. Sydney Royal Easter Show, with over 18 Statement of Changes in Equity sustainable development of agriculture is 900,000 Showgoers coming through our Foundation also funded major community another decade. projects for the people of Condobolin 19 Notes to and forming part of • To expand and promote our role as fundamental to everything we do. gates to enjoy an event that injects over a key constructive influence in and Port Macquarie and presented the the Financial Report • We respect and value the contribution of $500 million into the NSW economy each Australian agriculture, its development inaugural J B Fairfax Award in recognition of all our volunteers. Our success is based year. The 2009 Show was my first as 23 Declaration by the Board and education. outstanding rural journalism. on strong individual commitment and our President of the RAS, and I felt privileged to oversee this unique event that honours our The global financial crisis has hurt many Glenn Dudley 24 Independent Auditors Report • To manage, market and maintain Sydney ability to work together as a team. shared national identity and brings the bush organisations in Australia, and our President, Showground effectively to ensure our 25 2008/2009 Competitive Entries • We care for and maintain our facilities and the city together in one community to venue business, Sydney Showground, Royal Agricultural Society of NSW. sustained economic viability. and assets because we know they are vital to our long-term performance.

• We understand the need for strong working relationships with people and organisations having mutual interests and we work hard to develop and maintain them.

1 Showground Road Locked Bag 4317 Sydney Olympic Park NSW 2127

ABN 69 793 644 351 www.rasnsw.com.au Cover: Harden canola field by Paul Foley; Tourism NSW. 4 Royal Agricultural Society of NSW Annual Report 2008/2009 5

2008/2009 Highlights

Sydney Royal Easter Show Both the Boer and Dairy Goat Competitions were 1100 tonnes of carbon emissions through granted ‘National’ status by their breed societies. participation in Earth Hour and making use Statistics: The RAS Youth Group held the inaugural of renewable energy. More than 900,000 Showgoers attended Careers in Agriculture Expo to encourage 100% of Easter Show recruiting was managed the Sydney Royal Easter Show over 14 action secondary school students to be aware of the online. packed days – 110,000 more than in 2008. exciting careers on offer in agriculture; and a The RAS Foundation distributed $116,000 to Young Farmer Challenge, a fast paced teams’ 7,337 exhibitors entered 28,456 exhibits into rural and regional community projects. challenge designed to showcase the involvement the 42 Easter Show Competitions. 15,892 of youth and excellence in agriculture. exhibits received an award, with 4,418 exhibits New in 08/09: The Sydney Royal Pig Show commemorated receiving a Sydney Royal Blue Ribbon. The RAS joined a NSW Government 100 years of Stud Pig Registrations in New The RAS invested over $6 million in running “Sustainability Advantage” cluster of similar South Wales. 42 annual Sydney Royal competitions, venues to benchmark our environmental including wine, fine food, art, livestock, performance. horticulture, grain and woodchop. SYDNEY ROYAL Wine, Dairy and Fine Food Shows On-line safety inductions were introduced 10,000 primary and secondary school children this year to over 2000 staff, Show and learnt about the importance of agriculture by Statistics: contract personnel. participating in the RAS Schools’ Program. 862 exhibitors entered 5,409 exhibits into the Brooke Hargraves was the inaugural winner of For the first time 91,000 Showgoers printed 13 Wine, Dairy and Fine Food Competitions. the J B Fairfax Award for Rural Journalism, receiving $10,000 for her continuing education. their online tickets at home. 277 Gold, 1,003 Silver and 1,290 Bronze 970,000 carnival coupons, with a 25% Medals were awarded to the best products Emily Burt won the first $25,000 Question, discount, were sold online for the first time. and producers in Australia. an initiative of the RASF to encourage young The Show generated over $18 million worth The 2009 Macquarie Group Sydney Royal people to get involved with their local of media coverage across all media. Wine Show attracted 101 first time exhibitors community. The funds will be used to pay for and a total of over 2,400 exhibits. a mobile youth centre to service outlying Showgoers were treated to 845 hours of communities around the Port Macquarie area. performance by 9,900 entertainers, including a dog named Bluey who enthralled Showgoers New in 08/09: An inaugural RASF charity brunch, attended in The Story of True Blue every night. Every entry in the Branded Lamb Competition, by the Governor of New South Wales, Her within the Sydney Royal Fine Food Show, Excellency Professor Marie Bashir AC CVO, 95% of the Royal Easter Show waste was received a medal. raised over $11,000 to help build a cancer diverted from landfill by being recycled, care room for the people of Condobolin. reused or turned into green power. 2009 saw the first Organic Champion awarded in the Sydney Royal Fine Food Show, going Our Members magazine, RAS Times, was 763,911 unique users visited the Easter Show to an organic olive oil. given a new look and feel which garnered website, a 41% increase on 2008. positive feedback from many Members. The Easter Show Facebook Group made its AAR, Sydney Showground and debut, and attracted over 5,500 members. RASF activities New in 08/09: Statistics: Schools District Exhibits made their debut at 158,363 new animals were registered with the 2009 Show. the Australasian Animal Registry, bringing The Great Backyard Pumpkin Challenge was the total to over 1.8 million. introduced, engaging Sydney families and Sydney Showground hosted over 650 events. encouraging them to grow a pumpkin in their very own backyard. More than 600 families Around $3.6 million was spent on essential participated. asset investment across the Sydney Showground venue site. District Exhibits was the first competition at the Easter Show to use YouTube for promotion, 331 new Members joined the RAS, bringing with a time lapse video of the exhibit build. the total Membership to 14,357. RAS Members enjoyed an extensive new list of The new dining area, Graze Alfresco Dining, benefits and a re-launched website. provided restaurant quality meals in a relaxed outdoor environment. Six international food 936 trees were planted to offset our fleet outlets participated, including Mexican, carbon emissions. Indian and Thai. The RAS reduced its carbon footprint by 6 Royal Agricultural Society of NSW Annual Report 2008/2009 7

The Year Ahead, 2009/2010

Sydney Royal Easter Show AAR, Sydney Showground and RASF activities The Easter Show will seek to build upon its “The year ahead for the RAS is full mantra to engage, educate and entertain all A new Business Development Manager for the of encouraging signs. We have Showgoers. Australian Animal Registry (AAR) will work to focussed resources and investment The Easter Show Schools’ Program has build relationships and opportunities to grow the exciting new educational sessions on offer AAR business in 2010. The AAR website and on our IT capabilities, our for 2010, supported by a new online booking branding will also be refreshed and manual organisational planning, our Sydney and payment system for schools. paper based systems converted online. Showground business and on The Sydney Royal Apiculture Competition Sydney Showground, alongside our Sydney ensuring the continued growth of will go National in 2010 and for the first time Olympic Park partners, will welcome the the Sydney Royal Easter Show. This will also include commercial classes. Telstra Sydney 500 V8 Supercars. is a very diverse set of objectives but We are constantly reviewing how Sydney Many major conferences, exhibitions and we have confidence in our Council Royal Competitions can continue to meet the events are coming to Sydney Showground for the and staff to make it happen.” needs of industry and consumers, and as first time, including National Manufacturing such new classes will be introduced in the Week, Austech, Travel Xpo 2010 and the Tribal Peter King, Chief Executive, Cattle, Arts, Horticulture, Dogs, Horse, Sheep, Tatau and Cultural Arts festival. Royal Agricultural Society of NSW Alpaca, Poultry and Rabbit Competitions. Design development is underway for major The Flower and Garden pavilion will host infrastructure projects including upgrades “The Great Aussie Backyard”. This new and expansion to the Exhibition Halls and concept will improve the connection between other venues, and three new function rooms Horticulture and the public attending the in the administration building. Show and give them practical ideas for their A major project is underway to align all of our own backyard. internal databases, allowing us to improve our There will be two new National Competitions communication to all internal and external in the Flower and Garden Show. These stakeholders and develop an integrated website. Competitions are aimed at up and coming Our major event capability is being enhanced florists who are making their mark in the by investment in people, infrastructure and industry. relationships with organisers and promoters. We’ll be working with the National Cutting Our Sydney Showground revenues are expected Horse Association of Australia Inc. to to grow by 17% in 2010. reintroduce Cutting for the 2010 Show. The nine new Members of Council promise new Six new multi-million dollar carnival rides will ideas for the future of the RAS, offering a fresh be at the 2010 Show. perspective and wide ranging experience in diverse fields. We’re re-vamping the entertainment program for the 2010 Show, with many new acts An expanded RAS Youth Group will work hard making their debut alongside old favourites. to build on their successful initiatives from For the first time talent auditions will be held the 2009 Easter Show, the Young Farmer to allow amateur entertainers to perform at Challenge and Careers in Agriculture Expo. the Show. The Young Farmer Challenge will be back bigger and better, with five heats and a Main Arena final.

Sydney Royal Wine, Dairy and Fine Food Shows The Macquarie Group Sydney Royal Wine Show will introduce new trophies, including the James Busby Annual Prize supported by Industry & Investment NSW and the Len Evans Trophy donated by the Wine Committee of the RAS. Online entries will be available for all Wine, Dairy and Fine Food Shows. 8 Royal Agricultural Society of NSW Annual Report 2008/2009 9

The RAS Board Members

On 5 July 1822, as the infant colony of New Mr Glenn B Dudley, President Mr Philip J Bruem AM Mr Robert M Ryan (not pictured) South Wales was struggling to get on its feet, Mr Dudley was the Managing Director of Metal Mr Philip Bruem was Chairman of the Cattle (Board Member until 25 November 2008) a group of Sydney’s leading citizens met at the Manufactures Limited from 1988-2000. Mr Committee from 1994-2001 and is currently Mr Robert Ryan has 40 years of experience in George Street home of Mr Robertson, a Dudley was appointed to Council in June 1998 Chairman of the Dairy Cattle Subcommittee. the wool industry and is the current President jeweller and watchmaker. They decided to form and elected to the role of President in July 2008. Mr Bruem is a three-time recipient of The Joe of the National Council of Wool Selling an Agricultural Society. Their main objective Prior to his election as President, Mr Dudley Calcraft Award for Leadership in Dairying and Brokers of Australia. He is also the Managing held the position of Treasurer and has also in 2002 was inducted into the Australasian Director & Chairman of the Board of Schute was to increase the quality and number of served as Chairman of the Domestic Animals Agribusiness Cooperatives Hall of Honour, Bell Badgery Lumby, Woolbrokers and Stock profitable animals within the colony. Committee. Mr Dudley also operates a formed to honour lifetime achievements of and Station Agents in New South Wales and Officers were elected and 11 days later the commercial cattle breeding operation in the leaders in the sector. Mr Bruem was elected to Queensland. Mr Ryan was elected to Council Society held a general meeting at Parramatta Southern Highlands. Council in February 1987. in June 1996 and was Chair of the Sheep to draft rules, one of which was that the Committee from 1999 - 2009. Society was to hold an annual display of Mr Peter D King, Chief Executive Mrs Robyn Clubb exhibits and award prizes. Mr Peter King was appointed Chief Executive Chair Robyn Clubb of Wisbey’s Orchards of the RAS in November 2007. Mr King is an Araluen, runs a stone fruit orchard and Over the years many men and women have experienced CEO with a strong background cattle operation and is a member of a volunteered their time, knowledge and expertise in branded product sales and marketing number of Boards in Sydney. Mrs Clubb in the service of the Royal Agricultural Society across a diverse group of product and market has been a Councillor since August 1993, of NSW. Today there are 89 voluntary sectors. Mr King is President of the Sydney is Chair of the Agriculture Development Councillors and Honorary Councillors who are Olympic Park Business Association and Vice Committee and also serves as Treasurer of elected by RAS Members to run the Society President of the EEAA event and exhibition the RAS. through the various Council Committees. The industry group. RAS Board is elected by the Council to provide direction and to ensure that the RAS continues Mr Graham J Davey Mr Hunter B White to fulfill its mission to forge the future of (Board Member until 25 November 2008) agriculture through competition, education Chairman Graham Davey is an accredited international Showjumping Judge with Chairman Hunter White runs a mixed livestock and events. Federation Equestre Internationale and was grain farming enterprise in central west a member of the Ground Jury for the Jumping NSW. Mr White is Chairman of the Agriculture at the Sydney 2000 Olympic Games. Mr Davey Committee and has been a Councillor since was elected to Council in September 1995 and September 1994. is Chair of the Horse Committee.

Mr Robert B Kell Mr Patrick R Keast Mr Robert Kell is a part owner of the well- Chairman Patrick Keast runs a sheep, cattle known and highly respected Kell and Rigby and cereal crop farm in the Riverina. Mr Keast Builders. Mr Kell served as Chairman of the has extensive experience in showing, Woodchop Committee from 1999 - 2009. He stewarding and judging livestock and was elected to Council in August 1993. currently sits on various agricultural and Show committees. Mr Keast is a past President of the Agricultural Societies Council of NSW and still plays an active role. Mr Keast was elected to Council in May 2000 and is Chair of the Cattle Committee.

Mr Adrian A Howie Ms Lyndey Milan Chairman Adrian Howie is a partner of Chair Lyndey Milan is Contributing Food Kennedy’s Law firm and has been a Director of the Australian Women’s Weekly solicitor for over 30 years. Mr Howie is Chair and an MC, consultant, author, and TV and of the Disciplinary Committee and previously radio presenter. Ms Milan was elected to chaired the Domestic Animals Committee. Mr Council in September 1996 and is Chair of the Howie was elected to Council in November Fine Foods Committee. 1991. Mr Howie’s father and grandfather also served as RAS Councillors. 10 Royal Agricultural Society of NSW Annual Report 2008/2009 11

The RAS Council Committee Chairs

Mr Tim Slack-Smith Sheep Committee Mr Paul R Hassab Pigs and Alpacas Ms Alison Renwick Arts Committee (Chairman from 28 July – present) Committee (not pictured) Chairman Tim Slack-Smith joined Council in June Chairman Paul Hassab has been involved in the Chair Alison Renwick is National Head of 2000. He has extensive experience in the wool Australian Pig Industry for some 35 years, Australian Art and VIP client services at and meat industries working previously with the formerly with the NSW Department of Mossgreen Auctions. Ms Renwick is also Australian Wool Testing Authority, Australian Agriculture for 29 years. Mr Hassab currently an independent lecturer for ADFAS and the Wool Corporation and the Australian Meat and runs a rural supplies business in Port Macquarie University of New South Wales. Ms Renwick Livestock Corporation. Tim is currently the and has been a Councillor since May 1990. was elected to Council in July 2003. Managing Director of Slack-Smith Consulting.

Mrs Cecily E Rogers Horticulture Committee Mr Mal Morgan Goat Committee Chair Cecily Rogers has many years experience in Chairman Mal Morgan breeds and exports the cut flower industry, including as an educator goats and produces seed stock for the local in floral design and has served as President commercial industry. Mr Morgan has 43 years of many organisations pertaining to the cut experience in Horticulture and has been a flower industry. Mrs Rogers was elected to plant cultivator for 23 years. He has been a Council in June 1998. Councillor since September 2007.

Mr Wayne B Burton Domestic Animals Mr Kevin Mathie Woodchop Committee Committee (Chairman from 29 September – present) Chairman Wayne Burton is a self employed Chairman Kevin Mathie began woodchopping in Logistics Consultant and an International All 1968 and competed at several Royal Shows for Breeds Dog Judge. Mr Burton was elected to many years. Mr Mathie was a Steward, Judge and Council in November 2006. Handicapper for 10 years and was President of the South Coast Axemans’ Association for 15 years. Mr Mathie was elected to Council in June 1997.

Mr Lorance R J Angus Ringmaster Dr Frank G Hooke Veterinary Committee Chairman Lorance Angus has served as (Chairman until 28 July 2009) a Councillor since February 1987 and as Chairman Frank Hooke is a veterinary surgeon Ringmaster since 1995. Mr Angus designed with a career developing animal health and oversaw the first Grand Parade in the products, most notably with Pfizer where Main Arena at Sydney Olympic Park and is the he headed up International Agricultural current Chairman of the Heritage Committee. Development, based in New York. Dr Hooke was elected to Council in August 1992.

Mr Gerry Andersen Dairy Produce Mr Adrian Saines Poultry Committee Committee Chairman Adrian Saines was elected to Council Chairman Gerry Andersen is a highly qualified in September 1994. During his time Mr Saines and experienced leader in the Australian food has chaired the Goat Committee for seven years industry, with a career spanning 30 years. and currently sits on the Pig and Alpaca, Mr Andersen is currently General Manager Woodchop, and Veterinary committees. Mr of Foodbank NSW. Mr Anderson has been a Saines also chairs the Judging Competitions Councillor since July 2005. Special Committee.

Mr David S Clarke AO Wine Committee Dr Mark Schembri Veterinary Committee Chairman David Clarke AO is Chairman of (Chairman from 28 July – present) Macquarie Group Limited and is a keen Chairman Mark Schembri is a veterinarian and the viticulturalist. Mr Clarke owns Poole’s Rock, Director of Theriogenology at the Agnes Banks Cockfighter’s Ghost, and Post Office vineyards Equine Clinic. Mr Schembri was awarded the Sir in the Hunter Valley region of New South Wales General John Monash Award for outstanding and has been a Councillor since July 1986. Australian graduates in 2009. Mr Schembri was appointed to Council in September 2007. 12 Royal Agricultural Society of NSW Annual Report 2008/2009 13

The Executive Management Team RAS Office Bearers

as at 30 september 2009

Peter King Bernie O’Sullivan Michael Collins Honorary Office Bearers Mrs C E Rogers Honorary Members of Council Chief Executive General Manager Agricultural Development General Manager Sydney Royal Easter Show Mr R M Ryan Patron Mr M J R Arnott Oversees all activities conducted by the RAS Agricultural education programs Animal and agricultural competitions Mr A K Saines Her Excellency Professor Marie Bashir AC, CVO Mr T L Baillieu OAM** Government relations Sydney Royal Wine, Fine Food and Dairy Carnival, catering and Showbags Dr M A Schembri Governor of New South Wales Mr J R Black Event industry relations competitions Entertainment Mr G Sharpe Mr A W Bragg AO** Business strategy and development Youth programs Commercial exhibitions Vice Patron Mr R Sinnamon Mr W H Cairns Australasian Animal Registry Sponsorship Mr T Slack-Smith Mr R T Schmidt AM Mr P L Carter OAM** Brock Gilmour Mr J R Vickery President Mr A P Charles General Manager Finance and Rebecca Barry Karen Bolinger The Hon Justice L D S Waddy RFD* Mr G B Dudley Mr W H P Charles Administration General Manager Human Resources General Manager Sales and Marketing Mr P J Watt Mr W H Coghlan** Mrs S Wheatley Financial management Staff retention External and internal communications Treasurer Mr J T Cooper Mr H B White Information technology Learning & development Media and public relations Mrs R Clubb Mr A E R Coote AM Mr M Wilton RAS Heritage Centre Performance management Marketing and brand management Mr K E Cowley AO** Members of Council Administration of the RAS Organisational capacity building Membership * Vice-President Mr D H Crosby OAM Sydney Showground venue sales Mr G Andersen ** Senior Vice-President Mr J Darling** Allan Morgan Mr L R J Angus Mr W P G Davies General Manager Operations Board Members Back row: Brock Gilmour, Rebecca Barry, Mr B M Badgery** Mr K J Everett** Venue, facilities and asset management Allan Morgan Mr G Bell Mr G B Dudley Mr R A Farrar Event planning Front row: Bernie O’Sullivan, Peter King, Mr J C Bennett Mr P J Bruem Mr L D M Hamilton OAM** Security and risk management Michael Collins Mr P J Bruem AM Mrs R Clubb Mr J C Hayward Standing: Karen Bolinger Mr W M Burton Mr G J Davey Mr W P Howey Mr D S Clarke AO Mr A A Howie Mr R H Kidd** Mrs R Clubb Mr P R Keast Mr F R King** Mr G R Cochrane Mr R B Kell The Hon T L Lewis AO Dr M Cotton Ms L Milan Mr D R Macintyre** Mr G J Davey Chief Executive Mr B F McIntosh OAM** Mr E H Downes The Hon Justice W H Nicholas Mr P D King Mr G B Dudley Mr R B Perkins Mrs L F Ellem General Manager Finance & Administration Mr D J Pockley Mr J B Fairfax AO** Mr N S Russell** Mr B E Gilmour CPA BSc Mr W B Giblin Mr R T Schmidt AM** Mr P M Smith OAM Mr P R Hassab Auditors Mrs J M Hicks Mr R H Smith Mr C A Hooke Ernst & Young Mr P W Street** Mr F G Hooke** Mr E N Swane Mr A A Howie Mr W R Watson** Mr G Johnston Mr G B White AO** Mr P R Keast Mr P D White AM Mr R B Kell Mr R C A Wotton AM** Mrs A Kirk Mr I H Wrigley MBE VRD** Mr D F Macintyre ** Honorary Vice-President Mr G W Mason Mr K J Mathie Ms L Milan Mr M J Millner Mr M Morgan Mrs M Paynter Mr W A Picken Mr R G Reid Ms A Renwick 14 Royal Agricultural Society of NSW Annual Report 2008/2009 15

Corporate Governance Statement Income Statement

for the year ended 30 September 2009

The Royal Agricultural Society of NSW (RAS) • The roles and responsibilities of the • The performance of the Board is self 2009 2008 is a not for profit organisation established Council, Board and Management. assessed annually and the performance Note ($‘000’s) ($‘000’s) by an Act of the NSW Parliament in 1869. of the Management is reviewed annually • The composition and size of the Board. Revenues from Ordinary Activities Its constitution is this Act, and the Rules by the Remuneration Committee of the The Council and Board members are listed that are from time to time amended by Board. at the end of the annual report. The only Members’ Subscriptions 1,212 1,174 the Council. The key stakeholders are the executive member is the Chief Executive. • Councillors and Board members Ground Operations, Building & Space Rentals 25,755 27,487 Members. The governing body is a Council serve without remuneration and staff whose members are elected at the annual • A code of conduct for the Council, Board remuneration is reviewed annually by Gate Receipts 13,343 11,112 general meeting of the Members. members and Management. the Remuneration Committee of the Sponsorships & Donations 3,947 4,013 • An Audit Committee of the Board The Board is a Standing Committee of Board. ensures the RAS remains committed to Entry Fees & Commissions 1,916 1,690 Council and as such it is not the peak • Board and Council ensure the RAS financial integrity in its reporting. body of the RAS. Whilst it has most of continues to develop long term plans Interest 803 1,317 the responsibilities under the Rules of a • The Board is responsible for reviewing that will enhance the RAS objectives and Other Revenue 1,560 912 normal corporate Board it is answerable to and publishing the annual report to take advantage of growth opportunities. the Council and the Council is answerable Members in a timely and informative The complete Corporate Governance Total Revenues from Ordinary Activities 48,536 47,705 to the Members. The Board members are manner. Statement can be viewed at the RAS elected by the Council. Expenses from Ordinary Activities • The Board and Management ensure that website www.rasnsw.com.au the Members’ rights are protected and The Council and Board of the RAS have Royal Easter Show 13,512 12,329 that the Members are kept informed. adopted a formal statement on the Operations 23,809 23,520 corporate governance framework and • The Board oversees the review and policies of the RAS. This statement is establishment of appropriate risk Administration 8,960 8,881 subject to annual review and includes: management policies for the RAS activities. Depreciation and Amortisation 10 1,236 1,320

Loss on Sale of Non Current Assets 4 8 14

Donations to the RAS Foundation 250 300

Total Expenses from Ordinary Activities 47,775 46,364

NET EARNINGS 761 1,341

The accompanying notes form part of this financial report. 16 16 Royal Agricultural Society of NSW Annual Report 2008/2009 17

Balance Sheet Cash Flow Statement

as at 30 September 2009 for the year ended 30 September 2009

2009 2008 2009 2008 Note ($‘000’s) ($‘000’s) ($‘000’s) ($‘000’s)

CURRENT ASSETS CASH FLOWS FROM OPERATING ACTIVITIES

Cash Assets – Unrestricted 6,347 7,425 Receipts from Customers & Members 47,916 44,549

Cash Assets – Restricted 2(k) 7,145 6,854 Payments to Suppliers & Employees (45,600) (45,411)

Term Deposits 3,000 – Interest Received 803 1,317 NET CASH FLOWS FROM OPERATING ACTIVITIES 3,119 455 Receivables 5 3,475 3,542

Inventories 6 233 222 CASH FLOWS FROM INVESTING ACTIVITIES

Prepayments 7 270 269 Purchase of Property Plant & Equipment (936) (911)

TOTAL CURRENT ASSETS 20,470 18,312 Purchase of Term Deposits (3,000) - Proceeds from Sale of Property Plant & Equipment 11 25 NON-CURRENT ASSETS Proceeds from Bequests and Endowments 19 51 Property, Plant and Equipment 10 10,388 10,707 NET CASH FLOWS USED IN INVESTING ACTIVITIES (3,906) (835) TOTAL NON-CURRENT ASSETS 10,388 10,707 NET INCREASE / (DECREASE) IN CASH ASSETS (787) (380) TOTAL ASSETS 30,858 29,019 Add opening Cash assets Brought Forward 14,279 14,659

CURRENT LIABILITIES CLOSING CASH ASSETS CARRIED FORWARD 13,492 14,279 Payables 8 2,639 3,153 RECONCILIATION WITH OPERATING EARNINGS Provisions 9 1,278 1,124 Net Earnings 761 1,341 Deferred Revenue 12 4,837 3,582 Depreciation – Plant & Equipment 1,236 1,320 TOTAL CURRENT LIABILITIES 8,754 7,859 Loss on Disposal of Fixed Assets 8 14

NON-CURRENT LIABILITIES CHANGE IN ASSETS AND LIABILITIES

Provisions 11 219 176 Receivables 87 (1,945)

Deferred Revenue 13 237 116 Inventory (11) (23)

TOTAL NON-CURRENT LIABILITIES 456 292 Prepayments (1) 263 Payables (532) (609) TOTAL LIABILITIES 9,210 8,151 Deferred Revenue 1,375 200

NET ASSETS 21,648 20,868 Provisions 196 (106)

EQUITY NET CASH FLOWS FROM OPERATING ACTIVITIES 3,119 455

Retained Earnings 14,503 14,014 CASH ASSETS COMPRISES

Reserves 6,772 6,500 Cash at Bank & on Hand 2,492 2,280

Trust & Endowment Funds 373 354 Current Cash Investments – Restricted & Unrestricted 11,000 11,999

TOTAL EQUITY 21,648 20,868 13,492 14,279

The accompanying notes form part of this financial report. The accompanying notes form part of this financial report. 18 Royal Agricultural Society of NSW Annual Report 2008/2009 19

Statement of Changes in Equity Notes to and forming part of the Financial Report

for the year ended 30 September 2009 For the year ended 30 September 2009

RES Interruption Trust & Endowment 1. INCORPORATION generally by regulation or convention in the provided on a straight-line basis over a period market place. Financial assets are derecognised of 50 years, which commenced on 1 October Retained Earnings Reserve Funds Total Equity The Royal Agricultural Society of NSW (the RAS) when the right to receive cash flows from the 1998. Valuations are carried out at least once ($‘000’s) ($‘000’s) ($‘000’s) ($‘000’s) is incorporated in Australia under the Royal financial assets have expired or been transferred. every 3 years. Other items of property, plant Agricultural Society Act 1869. As at 30 September 2007 13,173 6,000 303 19,476 (ii) Held-to-maturity investments & equipment are depreciated at rates based 2. SUMMARY OF SIGNIFICANT on their economic lives, using the straight-line Non-derivative financial assets with fixed or Bequests & Endowments – – 51 51 ACCOUNTING POLICIES method. Depreciation and amortisation are determinable payments and fixed maturity are reviewed annually to determine useful life. (a) Basis of Preparation classified as held-to-maturity when the Group RES Interruption Reserve (500) 500 – – The following estimates of useful lives are used The financial report is a special purpose financial has the positive intention and ability to hold to in the calculation of depreciation: Net Earnings for the Year 1,341 – – 1,341 report that has been prepared in accordance with maturity. Investments intended to be held for the measurement requirements of applicable an undefined period are not included in this 2009 2008 As at 30 September 2008 14,014 6,500 354 20,868 Accounting Standards and other mandatory classification. Investments that are intended professional reporting requirements. to be held-to-maturity, such as bonds, are Buildings 50 years 50 years Bequests & Endowments – – 19 19 The financial statements have been authorised subsequently measured at amortised cost. Site Improvements 13 years 13 years for issue in accordance with a resolution of This cost is computed as the amount initially Plant & Equipment 10 years 10 years RES Interruption Reserve (272) 272 – – the directors on 1 December 2009. recognised minus principal repayments, plus or minus the cumulative amortisation using Computer & Office 2 to 5 2 to 5 Net Earnings for the Year 761 – – 761 The financial reports have been prepared in the effective interest method of any difference Equipment years years accordance with the historical cost convention. between the initially recognised amount and Motor Vehicles 5 years 5 years As at 30 September 2009 14,503 6,772 373 21,648 The financial report complies with Australian the maturity amount. This calculation includes Fixtures & Fittings 7 years 7 years Accounting Standards, which includes all fees and points paid or received between Australian equivalents to International Financial parties to the contract that are an integral part Impairment Reporting Standards (AIFRS). of the effective interest rate, transaction costs and all other premiums and discounts. For The carrying values of plant and equipment (b) Cash Assets – Unrestricted investments carried at amortised cost, gains are reviewed for impairment at each reporting For the purposes of the Cash Flow Statement, and losses are recognised in profit or loss when date, with the recoverable amount being cash includes cash on hand, in banks, in cash the investments are derecognised or impaired, estimated when events or changes in funds and commercial bills readily converted to as well as through the amortization process. circumstances indicate that the carrying value cash within 3 months or less. may be impaired. (d) Trade and other receivables (c) Investments The recoverable amount of plant and Trade receivables are recognised and carried equipment is the higher of fair value less costs Investments and financial assets in the scope at original invoice amount less a provision for of AASB 139 Financial Instruments: Recognition to sell and value in use. In assessing value in any uncollectible debts. An assessment for use, the estimated future cash flows are and Measurement are categorised as either doubtful debts is made when collection of the financial assets at fair value through profit or discounted to their present value using an full amount is no longer probable. Bad debts appropriate discount rate. loss, loans and receivables, held-to-maturity are written off as incurred. investments, or available-for-sale financial Impairment exists when the carrying value of assets. The classification depends on the (e) Inventories an asset exceeds its estimated recoverable purpose for which the investments were Inventories represent food and beverage stock amount. The asset is then written down to its acquired. Designation is re-evaluated at each and have been valued at the lower of cost and recoverable amount. financial year end, but there are restrictions on net realisable value. Cost is determined on the For plant and equipment, impairment losses reclassifying to other categories. average cost basis and comprises the cost of are recognised in the Income Statement. When financial assets are recognised initially, the purchase including the costs of bringing they are measured at fair value, plus, in the the inventories to location. (g) Trade and other payables case of assets not at fair value through profit (f) Property, Plant and Equipment Liabilities for trade creditors and other amounts or loss, directly attributable transaction costs. are carried at cost, which is the fair value of Cost the consideration to be paid in the future for (i) Recognition and derecognition Property, plant and equipment are carried at goods and services received, whether or not All regular way purchases and sales of cost. These assets are not carried at an amount billed to the entity. financial assets are recognised on the trade above their recoverable amount, and where date i.e., the date that the Group commits to carrying values exceed this recoverable amount (h) Revenue Recognition purchase the asset. Regular way purchases assets are written down. Royal Easter Show (RES) operation revenue is or sales are purchases or sales of financial recognised based on contract rental periods assets under contracts that require delivery Depreciation and when amounts fall due under the terms of of the assets within the period established Depreciation on the administration building is the contract. 20 Royal Agricultural Society of NSW Annual Report 2008/2009 21

Notes to and forming part of the Financial Report Notes to and forming part of the Financial Report cont. cont.

2009 2008 2009 2008 ($‘000’s) ($‘000’s) ($‘000’s) ($‘000’s) Sydney Showground revenue is recognised at business without a reliance on borrowing or the time the event occurs. operating funds. The balance of the reserve 10. PROPERTY, PLANT AND EQUIPMENT will be reviewed annually. Board approval is 4. DISPOSAL OF ASSETS Administration Building, Sydney Olympic Park at cost 6,440 6,440 Gate receipts revenue is recognised at the time required for any decision in relation to the Show Proceeds from the Less Accumulated Depreciation (1,417) (1,288) the event occurs. Interruption Reserve. 11 25 disposal of assets 5,023 5,152 Membership revenue is recognised in the year The Cash Assets – Restricted include both the Written down cost (19) (39) to which it relates. Trust & Endowment Funds investment and of assets Site Improvements 569 541 the Show Interruption Reserve investment. Less Accumulated Depreciation (184) (132) Interest revenue is recognised on an accrual The Show Interruption Reserve Investment Loss on sale of assets (8) (14) basis. 385 409 can only be utilised in the circumstances Revenue and expense include ‘sponsorship outlined above and by decision of the Board Plant and Equipment at cost 11,702 11,187 contributions in kind’. of the RAS. 5. RECEIVABLES (CURRENT) Less Accumulated Depreciation (7,134) (6,349) Trade Debtors 3,481 3,638 All significant sponsorship contributions in kind 4,568 4,838 (l) Rounding are recorded as income using the estimated Less Provision for The financial statements have been rounded (6) (96) Computer & Office Equipment 1,675 1,586 fair value or the cost of the goods or services Doubtful Debts to the nearest thousand dollars. Less Accumulated Depreciation (1,410) (1,379) utilised. The corresponding charge for these 3,475 3,542 amounts is recorded as an expense. 265 207 (m) Income Tax Sponsorship contributions in kind relate primarily Movement in provision for doubtful debts Motor Vehicles 522 463 The RAS is exempt from income tax under to advertising, travel and accommodation Less Accumulated Depreciation (420) (407) section 50–105 of the Income Tax Act of Balance at beginning charges. (96) (22) Australia of 1997. of year 102 56 Movement during Heritage Collection 45 45 (i) Employee entitlements 90 (74) the year Provision is made for long service leave and 3. MAJOR REPAIR FUND Less Accumulated Depreciation – – annual leave estimated to be payable to Balance at the end of (6) (96) 45 45 employees on the basis of statutory and On 27 September 1996 the RAS entered into a the year contractual requirements. The amounts lease over the Showground and Administration provided have been apportioned between Building for a period of 99 years with a further 6. INVENTORIES Total Property, Plant and Equipment at net book value 10,388 10,707 current and non-current, the current provision 99 year option. being the portion that is entitled to be paid Stock at cost 233 222 Under this Lease and commencing from 1 within the next twelve months. Entitlements September 2000, the Sydney Olympic Park greater than twelve months are discounted Authority (‘SOPA’) is obliged to make annual 7. PREPAYMENTS based on an appropriate discount rate. payments to a Major Repair Fund (MRF), which Reconciliation of Carrying amounts Payroll on-costs associated with leave Prepaid Insurance 218 213 is sourced from the payment made by the RAS. Computer entitlements are recognised as liabilities. Prepaid Other 52 56 The payment is calculated based on a Admin. Site Plant & & Office Motor Heritage percentage of the RES revenue and a 270 269 Property, Plant & Equipment Building Improvements Equipment Equipment Vehicles Collection Total The employer superannuation contributions percentage of the profit from other activities. for salaried staff are paid to ING Superannuation Dependant upon certain terms and conditions, At Cost 6,440 569 11,702 1,675 522 45 20,953 (a Public Offer ‘Master Trust’) or another fund this obligation is approximately $2.1 million 8. ACCOUNTS PAYABLE (CURRENT) chosen by the employee. Contributions for per annum. Less Accumulated Depreciation (1,417) (184) (7,134) (1,410) (420) – (10,565) other staff are paid to a number of Industry Trade Creditors 846 451 Superannuation Funds. The objective of the MRF is to preserve and 5,023 385 4,568 265 102 45 10,388 201 127 prolong the economic lifespan of the premises. GST Payable (Net) Accruals 1,332 1,885 (j) Leased Assets At the end of the financial year the current Reconciliation of Carrying amounts Operating lease payments are expensed to amount paid by the RAS to SOPA was Other 260 690 the Income Statement in the periods in which $2,127,068 (2008: $1,819,125). This amount Carrying amount at start of year 5,152 409 4,838 207 56 45 10,707 they are incurred. All of the RAS’s leases are was contributed to the Major Repair Fund 2,639 3,153 Capital Additions – 28 630 193 85 – 936 operating leases. and the balance of this Fund at 30 September Capital Disposals – – (18) (1) – – (19) 2009 is $15,232,381 (2008: $14,411,710). This 9. PROVISIONS (CURRENT) (k) Reserves & Cash Assets – Restricted balance is held in a separate bank account by Long Service Leave 512 485 Depreciation expense (129) (52) (882) (134) (39) – (1,236) In June 2004 the Board of the RAS approved SOPA for the purpose of significant repairs Annual Leave 717 572 the creation of the Show Interruption Reserve. and structural alterations in respect of the Carrying amount at end of year 5,023 385 4,568 265 102 45 10,388 The reserve is available for use in the case of showground. During the year the RAS utilised Public Liability Claims 49 67 serious interruptions to revenue from the Royal $3,717,236 (2008: $2,582,642) on various The Administration Building at Sydney Olympic Park was valued in 2007 by an independent valuer, CB Richard Ellis. The valuation amounted 1,278 1,124 Easter Show and will ensure a continuation of approved major repair projects. to $13,100,000 based on the specialised nature of the building and current market value of commercial space in the surrounding area. 22 Royal Agricultural Society of NSW Annual Report 2008/2009 23

Notes to and forming part of the Financial Report Declaration by The Board cont.

2009 2008 ($‘000’s) ($‘000’s) Receivables travel expenses when attending Council In accordance with a resolution of the Board of the Royal Agricultural Society of NSW, 11. PROVISIONS (NON-CURRENT) The majority of trade receivables as at 30 Meetings. we state that: September 2009 are for future events. Certain Councillors have declared an Long Service Leave 219 176 In our opinion: These amounts are payable before the interest in the RAS’s dealings with event commences. enterprises associated with them. (a) the financial statements and notes of the RAS are: 12. DEFERRED REVENUE (CURRENT) As such the exposure to bad debts for the These include Mr G Andersen (Pegasus RAS is not significant. (i) drawn up so as to give a true and fair view of the RAS’s financial position as at Prepaid Print Group), Mr G Bell (Oakover Business 445 300 30 September 2009 and of its performance for the year ended on that date; and, Membership Fees Trade Creditors and Accruals Support Services), Mr D S Clarke (Poole’s Trade creditors and accruals are recognised Rock Wines Pty Ltd), Mr K Cowley AO (R.M. (ii) comply with the measurement requirements of applicable Accounting Standards Prepaid once contracted and whether or not Williams), Mr G J Davey (Equestrian Australia and other mandatory professional reporting requirements; and Exhibition Rent, NSW Branch), Mr J B Fairfax (Fairfax Media, 3,872 2,772 invoiced. Bonds and Rural Press), Mr R A Farrar (Australian Wool (b) at the date of this Statement there are reasonable grounds to believe that the RAS Amounts owed to suppliers are settled as Disbursements Exchange Limited), Ms J M Hicks (Alpaca will be able to pay its debts as and when they fall due. specified in the RAS’s trading terms. International Australia Pty Ltd), Ms L Milan Prepaid Other (Australian Women’s Weekly), Mr R M Ryan On behalf of the Board 520 510 Revenue 2009 2008 (Schute Bell Badgery Lumby, NSW Wool ($) ($) Brokers, Australian Wool Testing Authority), 4,837 3,582 Mr R Sinnamon (Yulgilbar Partnership), Mr 16. AUDITORS REMUNERATION (not rounded) E N Swane (Swane’s Garden Care) and Mr M Wilton (Radio 2UE Sydney, Agricultural 13. DEFERRED REVENUE (NON CURRENT) Amount received or Societies Council of NSW). due and receivable Prepaid The RAS deals with other business 237 116 by Ernst & Young: Membership Fees enterprises associated with Councillors G B Dudley, President R Clubb, Treasurer Fees for auditing the from time to time in the ordinary course 68,500 65,500 of business. All dealings with businesses Date: 1 December 2009 Date: 1 December 2009 14. LEASE COMMITMENTS financial report associated with Councillors are on arms’

Operating Lease Commitments Other services length commercial terms, or terms more • Assurance favourable to the RAS. Non-cancellable operating leases – General 10,120 13,577 The RAS donated $250,000 in the 2009 contracted but not capitalised in the financial year to the RAS foundation, financial statements. – RES procedures 23,000 21,250 operating through three funds. The trustee for the foundation is RAS of NSW Payable: • Taxation 12,232 3,100 Foundation Limited which comprises of four directors who are also Councillors 113,852 103,427 • not later than 1 year 52 55 of the RAS of NSW. As at 28 November 2008, Robyn Clubb became the fourth non • later than 1 year but In addition to providing audit and executive Director from the RAS Council 29 82 not later than 5 years assurance services Ernst & Young provided to appoint to the Board of the RAS of NSW advice to the RAS in 2009 in respect of Foundation Limited. 81 137 taxation. Ernst & Young, due to their long association with the RAS, are in the best 15. FINANCIAL INSTRUMENTS informed position to advise the RAS in this area. It is the opinion of Ernst & Young, and Cash the RAS, that this work does not impair the Cash comprises cash on hand and cash independence of the audit. investments comprising debentures, bank bills, term deposits, cash funds, and short term deposits (11am account). All cash 17. RELATED PARTY TRANSACTIONS is invested in accordance with the RAS’s investment policy which seeks to minimise The Office Bearers of the RAS as at this capital risk. The weighted average interest date are set out in this report. Apart rate on debentures, bank bills and term from the Chief Executive, Members of deposits was 4.25% . the Council serve without remuneration, but are eligible for reimbursement of 24 Royal Agricultural Society of NSW Annual Report 2008/2009 25

Independent auditor’s report to the Members of 2008/2009 competitive entries the Royal Agricultural Society of NSW

Catalogued Livestock Catalogued Livestock Entries Exhibits Entries Exhibits

We have audited the accompanying special An audit involves performing procedures to Auditor’s Opinion COMPETITIONS 2009 2008 2009 2008 2009 2008 2009 2008 purpose financial report of the Royal obtain audit evidence about the amounts Hereford 48 45 42 42 In our opinion the financial report presents SYDNEY ROYAL WINE, DAIRY AND FINE FOOD SHOWS Agricultural Society of NSW (the ‘Society’), and disclosures in the financial report. Limousin (Feature Breed 2006) 106 120 96 112 fairly, in all material respects, the financial which comprises the balance sheet as The procedures selected depend on our AQUACULTURE (SUMMER SHOW) 61 70 Lincoln Red 12 17 11 13 position of the Royal Agricultural Society at 30 September 2009, and the income judgment, including the assessment of AQUACULTURE (SPRING SHOW)* 26 22 Lowline (now Australian Lowline) 65 52 63 48 of NSW as of 30 September 2009 and of its statement, statement of changes in equity the risks of material misstatement of the BEER 148 104 Mandalong Specials - 7 - 7 financial performance and its cash flows for and cash flow statement for the year ended financial report, whether due to fraud or BRANDED BEEF* 20 19 Murray Grey 28 32 26 32 the year then ended in accordance with the on that date, a summary of significant error. In making those risk assessments, BRANDED LAMB* 35 22 Piedmontese 14 14 11 12 accounting policies described in Note 2 to accounting policies, other explanatory notes we consider internal controls relevant to the BREAD, CAKE AND PIE 451 235 Poll Herefords 56 93 52 84 the financial statements. and the declaration by the Board. entity’s preparation and fair presentation CHEESE AND DAIRY PRODUCE 937 1017 Red Angus 39 39 34 35 of the financial report in order to design COFFEE 222 206 Red Poll 14 53 13 44 Board’s Responsibility for the audit procedures that are appropriate DELI MEAT* 558 608 Santa Gertrudis 34 68 30 59 Financial Report in the circumstances, but not for the OLIVE OIL* 178 150 Shorthorn (Feature Breed 2007) 44 66 37 59 purpose of expressing an opinion on PASTA 54 53 Simmental 22 45 20 38 The Board of the Society are responsible for Square Meaters 14 50 13 43 the effectiveness of the entity’s internal REGIONAL FOOD* 359 354 the preparation and fair presentation of the controls. An audit also includes evaluating Other Recognised Breeds 7 7 7 7 financial report and have determined that Ernst & Young WINE 2360 1989 the appropriateness of accounting policies Breeds total 872 1204 785 1076 the accounting policies described in Note 2 WINE, DAIRY & FINE FOOD SHOWS 5409 4849 used and the reasonableness of accounting to the financial statements, which form part Paraders 146 155 estimates made by the board, as well as SYDNEY ROYAL EASTER SHOW of the financial report, are appropriate to Young Auctioneers 18 18 evaluating the overall presentation of the ALPACAS meet the financial reporting requirements of CATTLE – DAIRY financial report. Suri 69 108 66 108 the Rules of the Society and are appropriate Ayrshire 73 78 57 60 Huacaya 288 379 277 379 to meet the needs of the members. This The financial report has been prepared Brown Swiss 29 20 25 17 responsibility includes establishing and for distribution to the members for the Daniel Cunningham Breeds 357 487 343 487 Guernsey 16 14 13 11 maintaining internal controls relevant to purpose of fulfilling the board’s financial Sydney Handlers 15 12 Holstein 143 117 120 99 the preparation and fair presentation of the reporting requirements under the Rules of 1 December 2009 ALPACA FLEECE 183 Illawarra 41 56 31 46 financial report that is free from material the Society. We disclaim any assumption of APICULTURE 193 190 Jersey 91 77 74 63 misstatement, whether due to fraud or responsibility for any reliance on this report ARTS Breeds total 393 362 320 296 error; selecting and applying appropriate or on the financial report to which it relates Fine Art – Open 1644 1448 Paraders 45 51 accounting policies; and making accounting to any person other than the members, or Creative Art – Open 1400 1425 Five/All Breed Youth Heifer Competition 23 26 23 26 estimates that are reasonable in the for any purpose other than that for which it Cake Decorating & Sugar Art – Open 153 167 CATTLE – HEIFER SHOW circumstances was prepared. Cookery – Open 888 704 Paraders 76 89 Fine Art – Under 17’s 541 548 We believe that the audit evidence we have Judging (Livestock) - 112 - 112 Auditor’s Responsibility Creative Art – Under 17’s 152 191 obtained is sufficient and appropriate to Judging Competition 76 89 Cake Decorating – Under 17’s 15 22 provide a basis for our audit opinion. Our responsibility is to express an opinion Cookery – Under 17’s 142 139 Total 152 290 - 112 on the financial report based on our audit. No opinion is expressed as to whether the Independence Total 4935 4644 CATTLE – HEIFER YOUTH CHALLENGE 59 accounting policies used are appropriate to CAGE BIRDS 376 400 376 400 CATTLE – PUREBRED STEER & CARCASE 244 230 196 226 In conducting our audit we have met the needs of the members. CATS CATTLE – TRADE HOOF & CARCASE 43 29 43 26 the independence requirements of the Kitten Carnival 152 188 152 183 CAVIES 118 126 118 126 We conducted our audit in accordance Australian professional accounting bodies. Open Championship Cat Show 335 332 335 332 DOGS with Australian Auditing Standards. These In addition to our audit of the financial Companion Cat Show Breed 3354 3296 3314 3278 Auditing Standards require that we comply report, we were engaged to undertake Obedience Trial 42 47 35 40 with relevant ethical requirements relating Total 487 520 487 515 the services disclosed in the notes to Agility Trial 273 274 82 99 to audit engagements and plan and perform the financial statements. The provision CATTLE – BEEF Handlers 66 65 the audit to obtain reasonable assurance of these services has not impaired our Angus (Feature Breed 2008) 151 221 131 197 whether the financial report is free from Total 3735 3682 3431 3417 independence. Beef Shorthorn 15 19 13 15 material misstatement. Belted Galloway 3 12 3 11 FLOWER & GARDEN 1846 1916 Braford - - - - GIANT PUMPKIN COMPETITION 31 Brahman 16 20 15 17 GOATS Brangus - - - - Angora Goats 143 150 113 94 Charolais 108 149 102 135 Boer Goats 526 494 460 427 Devon 44 38 37 33 Dairy Goats 322 339 219 201 Dexter 9 24 9 21 Breeds total 991 983 792 722 Fleckvieh - - - - Galloway 20 13 17 12 Paraders 65 62 Gelbvieh 3 - 3 - Mohair Fleece 29 30 26 Royal Agricultural Society of NSW Annual Report 2008/2009 27

2008/2009 competitive Entries, cont.

Catalogued Livestock Catalogued Livestock Entries Exhibits Entries Exhibits

COMPETITIONS 2009 2008 2009 2008 2009 2008 2009 2008 Western Peformance & Breeds Futurity HORSES Pony Dressage 26 13 American Saddlebred Horses Cutting Horse Challenge 61 23 Andalusians / Iberians 38 21 Team Yarding & Association 41 41 Arabians 32 22 Campdrafting 64 23 58 23 Australian Miniature Horses Riding for Disabled 24 24 Arabian Derivatives 158 233 120 162 Aust. National Saddlehorses 131 182 88 117 Horses In Action total 1715 1218 675 490 Aust. Stock Horses 516 444 141 128 JUDGING COMPETITIONS 275 293 Station Horse Challenge 57 57 PIGEONS 616 447 616 447 Time Trial 49 49 PIGS 129 86 116 78 Aust. Stock Horse Small Arena Campdraft 53 49 POULTRY RM Williams Trophy 44 36 43 36 Birds 2791 2140 2791 2140 Aust. Ponies 80 79 57 62 Eggs 33 31 APSB Part Breds & APSB Riding Ponies 66 46 Aust. Miniature Ponies 49 43 Total 2824 2171 2791 2140 Aust. Saddle Ponies 182 206 121 131 POULTRY & PIGEON ART 81 Buckskins 39 28 RABBITS 573 479 573 479 Clydesdales 40 38 RATS & MICE 246 174 246 174 Hackneys 13 13 SHEEP FLEECE 73 65 Hackney Ponies 10 10 SHEEP – MEAT & DUAL PURPOSE BREEDS Haflingers 8 6 Border Leicester 100 77 93 68 Led Galloways (over 14hh & under 15hh) 25 31 25 31 Corriedale 46 25 45 24 Light Hacks Dorper 27 - 26 - Miniature Horses 45 45 Dorset Horn 15 9 13 8 Palominos 49 31 Poll Dorset 76 72 67 62 Percherons 8 8 The Royal Agricultural Society of NSW (RAS) Southdown 8 4 6 3 Pintos 58 34 is a not for profit organisation established South Suffolk 18 16 17 15 Riding Ponies 170 245 131 165 Suffolk 24 10 17 6 in 1822 to raise the standards of agriculture Shetland Ponies 67 60 Texel 20 31 18 28 in Australia. Today, the RAS continues to Shires 27 22 White Dorper 27 - 25 - support and promote Australian agricultural Warmbloods 32 19 White Suffolk 42 52 36 43 excellence and innovation through events, Welsh Mountain Ponies 86 81 80 76 Breeds total 403 296 363 257 Welsh Ponies Section B 54 59 54 59 competition and education. The RAS is Welsh Ponies Section C & D 15 13 15 13 Meat & Dual Purpose Sheep Handlers 12 27 responsible for a broad range of activities Part Bred Welsh Ponies 118 130 85 88 SHEEP – MERINO including; All Breeds Futurity & Maturity Merino and Poll Merino 382 327 325 283 All Breeds Versatilitys Merino Handlers 5 5 • Organising and staging the Sydney Royal Hacks (over 15 hands) 385 321 118 111 Merino NSW Graduate Wool Classer no data no data - - Easter Show, a hallmark Event for NSW Galloways (over 14hh & under 15hh) 220 253 78 92 and Australia Ponies 260 224 119 104 Total 387 332 325 283 Sidesaddle Classes 12 10 12 10 WOODCHOPPING AND SAWING 2187 2602 • Venue and event management specialists Show Hunter 267 267 133 129 WOOllen garment 4 6 Standardbreds 12 10 for the Sydney Showground venue at Thoroughbreds 59 71 59 TOTAL ROYAL EASTER SHOW 28456 26498 Sydney Olympic Park Western Breeds • Judging the ‘best of the best’ in Australian Working Hunter 41 41 TOTAL SYDNEY ROYAL SHOWS 33865 31347 agriculture, food, wine and related Breeds total 3575 2885 Assumptions products through the Sydney Royal Light Harness 306 108 153 48 * Held at the Sydney Royal Fine Food Show in September 2009. ** Catalogued Entries indicates the number of class entries published in a sectional Competitions Business Delivery & Turnout 137 44 114 12 catalogue or other official documentation or calculated at for/a date prior to judging. Leading Rein 21 27 21 Entries which were withdrawn, absent or disqualified during the Show are not • Building sustainable regional and rural Police Horses 64 64 16 16 deducted from the figures. *** Livestock Exhibits indicates the number of exhibits (containing animals or birds) communities through the RAS Foundation Riding 429 368 250 which are entered in competitions. Exhibits may consist of one or more animal/bird Pony Club Events 120 112 and may be entered into more than one class or competition. Figures do not represent actual animals on the showground. The sum of livestock figures within a section does • Managing the Australasian Animal Registry Event Horse Challenge 13 13 13 13 not represent the total livestock count as a livestock exhibit may be entered into more database and customer service function for Jumping Competitions 470 510 110 105 than one class or class range. 1.8 million microchipped animals