Annual Report Murray Irrigation 2012 Menindee Lakes
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Annual Report Murray Irrigation 2012 Menindee Lakes Menindee Weir 32 SA Murray Darling Basin NSW Murray Irrigation Sydney Darling River Canberra VIC Melbourne Wentworth Mildura Hay Murrumbidgee River Murray River New South Wales Moulamein Billabong Creek Wagga Wagga Edward River Swan Hill Conargo Wakool River Jerilderie Wakool Deniliquin Barham Finley Berrigan Mathoura Tocumwal Mulwala Albury Moama Echuca Hume Reservoir Shepparton ISBN 978-0-9802998-9-2 Dartmouth Reservoir Copyright 2012 Design Langdonlorraine langdonlorraine.com.au Brunswick VIC Photography Nick Robinson CreativeProof Photography Deniliquin NSW Murray Irrigation Limited Company Secretaries Annual General Meeting (ABN 23 067 197 933) is a company limited Matthew Watts Will be held at 10.30am on Thursday 29 by shares, incorporated and domiciled in Anthony Couroupis November 2012, at the Deniliquin RSL Club, Menindee Lakes Australia. Its registered office and principal 72 End Street, Deniliquin NSW 2710 place of business is: Auditor Menindee Weir 32 443 Charlotte Street Grant Thornton Further information PO Box 528 Level 30, 525 Collins Street For further information about Murray Irrigation Deniliquin NSW 2710 The Rialto Melbourne VIC 3000 go to the company’s website at Telephone 03 5898 3300 murrayirrigation.com.au Facsimile 03 5898 3301 murrayirrigation.com.au Banker Commonwealth Bank of Australia Board of Directors 241 Cressy Street Deniliquin NSW 2710 Darling River Noel Graham, Chairman Mark Robertson, Deputy Chairman Engineering Consultant Robyn Clubb Kellogg Brown & Root Michael Hughes 186 Greenhill Road Parkside SA 5063 Tim McKindlay Tony Read Roger Reynoldson Solicitor Bruce Simpson Norton Rose Australia Grosvenor Place 225 George Street Sydney NSW 2000 General Manager Anthony Couroupis Taxation Advisor Ernst & Young 680 George Street Sydney NSW 2000 Wentworth Mildura Hay Murrumbidgee River Murray River New South Wales Moulamein Billabong Creek Wagga Wagga Edward River Swan Hill Conargo Wakool River Jerilderie Wakool Deniliquin Barham Finley Berrigan Mathoura Tocumwal Mulwala Albury Moama Echuca Hume Reservoir Shepparton Dartmouth Reservoir Murray Irrigation Annual Report 2012 The 2012 Murray Irrigation Limited Annual Report is a summary of operations and performance of the company from 1 July 2011 to 30 June 2012. Operations and performance for this period have been measured against the company’s key reporting areas as detailed in the Murray Irrigation Limited 2014 Strategic Plan, in addition to meeting our statutory financial reporting responsibilities. The 2012 Murray Irrigation Limited Annual Report provides a concise and comprehensive summary to demonstrate our transparency, accountability and performance to our shareholders. The 2012 Murray Irrigation Limited Annual Report is distributed on request to all shareholders and is available electronically via our website. Our vision is to be a leader in the delivery of irrigation water and water related products and services Contents Year in review 2 Chairman’s report 4 General Manager’s report 6 At a glance 8 Management structure 8 Company profile 9 Key financial and service performance reporting 10 Chapters 01 Water availability, usage and efficiency 13 02 Customers 17 03 Infrastructure 21 04 Financial performance 25 05 Ancillary activities 29 06 People and governance 33 Directors’ report and financial statements 2011/12 36 Directors’ report 38 Financial statements 44 Directors’ declaration 69 Auditor’s independence declaration 70 Independent audit report 71 Murray Irrigation Limited Annual Report 2012 1 Year in review 2 011 • Murray Irrigation’s Board of Directors • General Security allocation increases to July increases the water efficiency allocation 26 percent. to five percent of permanent delivery • Murray Irrigation’s Board of Directors • NSW Office of Water (NOW) announces entitlements held. commencing allocations for NSW Murray increases the water efficiency allocation General Security water users for the 2011/12 • Over 30,000ML of Murray Irrigation’s to 18 percent of permanent delivery water year of zero percent and 100 percent 121,704ML Supplementary Licence used entitlements held. access to water carried over from 2010/11. by mid-August to complete channel filling. • Mark Robertson, Michael Hughes and Roger Town water supply started at 100 percent • Murray Irrigation completes over 153km of Reynoldson are announced as the successful allocation, while high security irrigation channel desilting/deweeding and refurbished candidates to join Murray Irrigation’s Board of started at 97 percent allocation. over 50 supply structures as winter works. Directors, following a postal ballot. • Trades of water allocations from above to below the Barmah Choke are allowed for the 2011/12 water year. September November • Murray Irrigation is announced as a successful delivery partner for the • General Security allocation increases • Full allocation (100 percent) is announced for Commonwealth Government’s Round 2 to 15 percent. General Security allocations. On-Farm Irrigation Efficiency Program. • Murray Irrigation announces Roger • Murray Irrigation Chairman Stewart Ellis • Channel filling starts at both Mulwala and Reynoldson, Alec English, Jennie Hehir, is re-elected as Chairman of the National Wakool Canals. Michael Hughes, Malcolm Holm and Mark Irrigators’ Council (NIC). Robertson as candidates to fill three • Murray Irrigation’s Board of Directors • The MDBA releases its draft Murray-Darling vacancies on the company’s Board of announces a four percent water efficiency Basin Plan for public consultation. Directors. allocation, based on permanent delivery • Murray Irrigation holds its Annual General entitlements held. • General Security allocation increases Meeting on Tuesday 29 November at the • Murray Irrigation adapts its Water Exchange to 18 percent. Deniliquin RSL Club. to provide a facility for the annual transfer of • Murray Irrigation’s Board of Directors delivery entitlements between customers. increases the water efficiency allocation to 11 percent of permanent delivery entitlements held. December • NOW commences the release of 150,000ML • Murray Irrigation receives an offer from the August of NSW environmental water to the Barmah- Commonwealth Government for funding of up • NOW announces a General Security Millewa forest. to $181M (including GST), based on its NSW allocation of six percent. Private Irrigation Infrastructure Operators • Murray Irrigation releases its 2011/12 Program (PIIOP) application. Operating Plan. October • The Deniliquin and district community shows • The Murray-Darling Basin Authority (MDBA) strength in numbers when over 3,000 people delays the public release of the draft Basin • General Security allocation increases attend the MDBA-hosted public meeting Plan to allow more time for consultation to 21 percent. to discuss the Murray-Darling Basin Plan. with the states. • Ms Robyn Clubb is appointed as the Federal Water Minister Tony Burke and new non-shareholder Director to Murray MDBA Chairman Craig Knowles field much • General Security allocation increases to criticism over the draft plan. 10 percent. Irrigation’s Board of Directors, following the announcement of current non-shareholder Director Michael Humphris that he would not seek another term of office. 2012 Murray Irrigation Limited Annual Report 2012 2012 • After 25 years of outstanding service, Murray January March Irrigation Chairman Stewart Ellis resigns from the Board of Directors and NIC on Tuesday • The Blighty Channel System (located • The Murray Irrigation area of operations east 1 May. within Division 9) is selected for the Murray of Deniliquin receives between 150mm and Irrigation Remote Control Pilot Project. 300mm of rainfall in just a week. A large • Noel Graham is elected Chairman of the The Project will result in the upgrade of number of landholdings experience extensive Murray Irrigation Board of Directors, with both channel control structures and outlets inundation, as well as Murray Irrigation’s Mark Robertson as Deputy Chairman. to allow for remotely controlled operation, drainage system, as the water moves • Major offtakes at both the Mulwala and and reduce regulator and outlet numbers, downstream. Wakool Canal close to mark the end of the consistent with the company’s Outlet • The MDBA returns to the region to hold a irrigation season. Meter Strategy. series of open house information sessions • The MDBA sends the revised Basin Plan on the draft Basin Plan. to ministers as the next stage of the Murray- • NIC and Murray Irrigation Chairman Darling Basin Plan process. Murray Irrigation February Stewart Ellis travels to South Australia to claims the ‘revised’ Basin Plan has not meet with irrigators and businesses around changed and is just an edited version of • Federal Water Minister Tony Burke visits the Lower Lakes. Mr Ellis is interviewed by the draft that was released in 2011. Deniliquin to meet with stakeholders and view ABC South Australia’s Country Hour program • NOW forecasts starting allocations for NSW constraints to environmental water delivery. and also attends the MDBA public meeting Murray General Security of 35 percent, in • NSW Minister for Primary Industries Katrina in Renmark. addition to an estimated carryover of 40 percent. Hodgkinson hosts a roundtable for industry • The NSW, Victorian and South Australian and community representatives in Finley, as governments each announce suspensions part of the NSW Government’s consultation to water allocation (temporary) trades that on