A Year in Review | 2006 Annual Report Contents

Introduction 3 Chairman’s Message 4 Director’s Message 6 MCA Highlights/Initiatives for 2006 9 Exhibitions 13 Touring Exhibitions 18 Education 19 Supporters 21 Sponsorship 29 Visitor Statistics 31 List of purchases and gifts 32 Outward Loans from the MCA Collections 40 Board of Directors 46 Financial Statements 47

Cover image: Sophie Coombs Metaphysical Drawing scl101\2005 2005 ink on paper 70 x 100 cm Museum of Contemporary Art purchased 2006

1 MCA 2006 | A Year in Review

The Museum of Contemporary Art is ’s only contemporary art museum dedicated to collecting and exhibiting contemporary art and engaging in discussion and debate on contemporary visual cultural issues. Situated in central at West Circular Quay, the entrance to Sydney’s historic Rocks precinct, the MCA seeks to make contemporary art accessible for a broad spectrum of public audiences through a diverse range of exhibitions incorporating new and more traditional media, stimulating and hands-on educational programs and special events.

The Museum of Contemporary Art gratefully acknowledges the ongoing funding and support of the Government and ‘Key Organisation’ grant funding from the Australian Government through the Australia Installation view Juan Davilla at MCA 2006 photo Jenni Carter Council, its arts funding and advisory body. The MCA was established by The through the J W Power Bequest, with the assistance of the New South Wales Government.

2 3 Chairman’s Message Chair of the MCA Finance Committee of the Board; Peter Ivany, Executive Chairman, Ivany Investment Group, Peter Steigrad, previously Chairman, Young & Rubicam; artist Mikala Dwyer; Lucy Turnbull, Director, Turnbull & Partners; Carol Schwartz, Director, Highpoint Property Group; Catherine Harris, Executive Director, Harris Farm Markets Pty Ltd; Greg Woolley, Chief Executive Officer, LJCB Investment Group and Matthew Cullen, Office of the Chairman, Seven Network Limited. Welcome to our new Board member Professor Larissa Behrendt, who is Professor of Law and Director of Research at the Jumbunna Indigenous House of Learning at the University of Technology. Larissa has also taken on the role of Chair of the MCA Indigenous Advisory Group. 2006 was another impressive year of exhibitions with a total of sixteen On behalf of the Board, my sincerest thanks go to the MCA staff, executive exhibitions on display during the year. and volunteers for their continued dedication and commitment to the Museum. And of course to director Elizabeth Ann Macgregor who continues On a personal basis I am delighted that my fellow Australians are embracing to expand the potential of the MCA through her passionate leadership and the Museum. Contemporary Art has been a lifetime passion for me and one innovative management. that continues to fill my life with new ideas and inspiration. The steadily increasing attendance figures indicate that the Museum has become a major cultural attraction in Australia.

With the renovation and development of the new storage facility and level four gallery space, the Museum has been able to once again build on its important collection of work by Australian artists. It is fantastic to see the Museum able to purchase and exhibit works by such artists as Maria David Coe Fernanda Cardoso, Janet Laurence, Daniel Von Sturmer, The Kingpins and Chairman Sophie Coombs. As the MCA collection continues to grow it is helping to Museum of Contemporary Art cultivate a healthy creative society through directly supporting local artists. With such important steps forward I cannot help but be proud of what we are achieving together. In addition to our self funding income streams including the highly successful MCA Venues, and MCA Store, the Museum receives vital funding through Government Grants, donations and sponsorship. I would like to thank the NSW State Government, the NSW Ministry for the Arts and the Premier of NSW, The Honourable Morris Iemma, MP for their ongoing commitment to, and support of, the MCA. I would also like to acknowledge the Sydney Harbour Foreshore Authority, with whom we are working closely to improve all visitor facilities and access to the MCA building. Thanks also to the Federal Government who supports the Museum through the Australia Council ‘Key Organisation’ grant and the Visions of Australia touring grant.

On behalf of the Museum I would like to thank my fellow Board members - Andrew Love, Partner, Ferrier Hodgson Chartered Accountants who is

4 5 Director’s Message children with special needs on the International Day of People with Disabilities. This unique, art experience of vibration, light, colour and sound using specially designed interactive technology is presented in a modified vintage caravan on the MCA’s forecourt to be interacted with by education audiences and the general public. The project will begin an extensive regional tour in 2008. The MCA Visitor Service Officers, our dedicated team of gallery attendants, are now cloaked in a smart jacket that was introduced at the opening of the Biennale. The new uniform will ensure that staff will be clearly recognisable within the gallery spaces. The well informed VSOs help to ensure the MCA is a welcoming and inspiring experience for all. The MCA’s design team should be congratulated for their continual high quality 2006 was another momentous year in the MCA’s short history. In November productions. They were short-listed in the 2006 Museums Australia Design we celebrated the MCA’s 15th birthday – an achievement particularly Awards in the Exhibition catalogue category for 3 of its 2005 publications remarkable considering the tenuous financial position the MCA found itself in – Interesting Times, Situation and Primavera 2005. The Interesting Times during the early years. Now that the Museum has secured financial stability catalogue was awarded a gold PICA award (Printing Industries Craftsmanship we can focus on the strengths that an exciting, challenging and innovative Awards), as well as an award for best overall production. contemporary art museum can bring to a society. In addition to publications designed in house the MCA also worked on the fine I am delighted that the Museum’s reputation is steadily building and is hardcover Juan Davila catalogue in collaboration with Miegunyah Press, an becoming known as an important cultural icon in Sydney and Australia. imprint of University Publications. Attendances have consistently risen each year since free admission was The year concluded with an extraordinary exhibition by Paddy Bedford. We had introduced in 2000. Although the sponsorship arrangement allowing free the absolute privilege of working with Paddy during the exhibition and he was entry has now ceased, the Board of the MCA decided to retain the free honoured by Sir William Deane officially opening the exhibition in December. admission model. Income has been supplemented through increased donations and record venue sales. Utilising one of the best sites in the world, I would like to thank all the artists we have worked with during 2006. It is a the MCA venues department has built a reputation of delivering consistently highlight of my position to be able to work with some amazing artists and I excellent event service. The facilities were improved during the year with new continue to be inspired by the interactions I am privileged to experience. decking, lighting and furniture. The MCA will continue to provide forums for artists to share their work In combination with the increasing numbers of visitors who are coming to with a wider audience and in turn increase the passion and enthusiasm for the Museum, the MCA’s exhibition and education programs are continuing to contemporary art in our society. reach further audiences through the travelling exhibition and educational I’d also like to thank all the supporters and key stakeholders of the Museum. outreach programs. The continuing support of these people and institutions helps to build the The MCA’s touring program extended to diverse locations including Odense, MCA into the premier Arts institution in Australia. Denmark, Busan, Korea and , New Zealand. In Australia, MCA exhibitions have travelled to the National Gallery of , the Regional Art Gallery and the Muswellbrook Regional Art Centre. The MCA strives to be accessible to all audiences and to increase and improve the understanding of contemporary art to a broad audience. As part of the plan to improve the access to the MCA building an accessible ramp was Elizabeth Ann Macgregor installed at the Circular Quay entrance to the Museum in November. The Director ramp was installed in time for the launch of the “Good Vibrations” project for Museum of Contemporary Art

6 7 2006 Highlights

• In 2006 visitor attendance to the MCA increased by 4.2% to 416,168 which is new record for the MCA. • generationext , MCA’s youth initiative connecting teenagers with contemporary art and artists supported by the Balnaves Foundation, continued to grow in 2006. Organised by the MCA with a committee of young people, this program gives art-interested youth the opportunity to visit the Museum independently after-hours with four events per year. generationext in 2006 enabled 800 teenagers from across Greater Sydney, the Central Coast and as far as Dubbo in NSW, QLD and Victoria to engage with contemporary art and culture and other teenagers. generationext is unique within Australia in that it is a ‘teen only’ program and it’s free. It enables teenagers to form their own opinions about contemporary art within a space that is totally dedicated to their needs. The program is designed by teenagers for teenagers, not by adults thinking that they know what a teenage audience wants. It is a program totally focused on high school aged youth—our inspiration for a more creative future. • The unquiet landscapes of Rosemary Laing, a major survey show, toured to the Kunsthallen Brandts in Odense, Denmark from 19 May – 3 September 2006. 13,484 people visited the exhibition. The tour was supported by a grant from the Visual Arts Board of the Australia Council. • Ricky Maynard’s outdoor billboard project comprising four images from the artist’s Portrait of a Distant Land was selected by Director Manu Park for inclusion in the Busan Biennale, Korea. Installed across a walkway along the Ocheoncheon Stream in the popular university quarter from 16 September to 21 November 2006, organisers report an estimated 1,249,000 visitors saw the project. Ricky Maynard’s Portrait of a Distant Land is organised by

Installation view James Angus at MCA 2006 photo Jenni Carter the MCA and supported by a New Australian Stories grant, an initiative of the Australia Council.

8 9 • 3 keynote lectures were presented: in January US artist Tony Oursler spoke on his work in partnership with the Sydney Festival; Rene Block, in partnership with the , and San-Diego based architect Teddy Cruz (born Guatemala) delivered the annual Lloyd Rees Memorial Lecture in partnership with Arts NSW and RAIA. Arts Minister Bob Debus introduced the lecture. Teddy Cruz also gave a tutorial to 72 COFA students and a lecture at the RMIT in Melbourne as part of his visit to Australia. • A 3-day conference New Constellations: Art, Science and Society was presented 17-19 March 2006. Regarded as the first gathering in Australia to have achieved a critical dialogue between practitioners from the arts, science and technology, the Conference was part of an Australian Research Council-Australia Council for the Arts Linkage Project. Project partners were Artspace; the Australia Council; the Australian Centre for Field Robotics, University of Sydney; ANAT, the Australian Network for Art and Technology; and Patrick Technology & Systems. About 120 people attended the three-day conference, considered by all to be very successful. The MCA published the proceedings in DVD format. • MCA Artist’s Voice 2005, a DVD featuring ten Australian contemporary artists speaking about their work was produced and available for distribution in July 2006. This valuable educational resource is free of charge to students, schools and members of the public through the MCA’s website. Supported by the Keir Foundation, more than 1,000 DVDs were distributed in the first 6 months. Series 2 (2006) was recorded in 2006 for distribution in 2007. To date 2,200 copies have been distributed of Series 2 • The MCA Bella Dinner is the museum’s signature annual fundraising dinner which raises vital funds for the MCA’s education programs, in particular the Bella Program, which provides contemporary art experiences to young people with specific needs. The 2006 Bella Dinner raised $222,065 and was held in the MCA Foundation Hall with Special Guest Barry Humphries and Guest Chef Warren Turnbull of Restaurant Assiette in Surry Hills. • MCA Venues achieved a new record income figure of $1,507,554 resulting in a record profit of $965,465. • MCA Learning attracted school group visits in excess of 25,000.

Installation view Mike Parr: Volte Farce at MCA 2006 photo Jenni Carter

10 11 2006 Exhibitions Overview

2006 was a great year for the MCA with diverse exhibitions and associated projects which explored a range of media and themes by Australian and international artists. A total of 12 exhibitions, 3 national and 3 international touring projects as well as new initiatives for outreach were delivered across four strong seasons. The summer exhibitions Erwin Wurm: Glue your brain, Kienholz and Jacky Redgate:Life of the System 1980-2005 were all of great impact and proved successful with both the public and the press. Erwin Wurm was a Sydney Festival exhibition and visitor attendances were excellent. The season provided a particular focus on installation, photography and . In just the first three weeks of Term 1 over 2,500 students from schools across Sydney, regional NSW, QLD and ACT rushed to catch the final days of these educationally appealing exhibitions. 60% of the visiting groups were from the senior Secondary sector, indicating the relevance of MCA exhibition and education programs to the Visual Arts syllabus. 2006 Autumn season delivered a special focus on the representation of self in contemporary art, a programming strategy in association with the Art Gallery of New South Wales ‘self-portraiture’ exhibition. Three exhibitions at the MCA were a solo show of work by Mike Parr, Volte Face showcasing his extraordinary prints and works on paper; Masquerade: Representation and the self in contemporary art, a major group show featuring reflections of self by Australian and international contemporary artists. On level 4 renowned British artist Sam Taylor-Wood’s large scale photographs and projections included a film of a sleeping David Beckham lent to the MCA by London’s National Portrait Gallery. The self-portraiture season was remarkably successful with visitors and with school groups, attracting strong attention from the press. Sam Taylor Wood was extended by four weeks, remaining open for the first ten days of the Biennale of Sydney. A total of 19,895 visitors, including 5,718 students, visited the exhibition. Sam Taylor-Wood proceeded to City Gallery Wellington as an MCA international touring exhibition. Installation view Centre Pompidou Video Art: 1965-2005 at MCA 2006 photo Jenni Carter

12 13 The 2006 Biennale of Sydney Zones of Contact was presented across three levels of the MCA with works by 24 artists. The Biennale was one of the most expansive ever presented, with 16 venues participating across Sydney. Highlights of the MCA program included a key note lecture by Rene Block on Friday 9 June (sold out), artist talks throughout the first week of the exhibition and a 3-day Biennale symposium After the Event-Rewriting Art History at the MCA opening Friday 7 July with a key note lecture Professor Boris Groys. Presented at the same time as the Biennale on level 4 were two MCA collection exhibitions showcasing works by Australian artists. Bangu Yilbara featured a broad range of works by Aboriginal and Torres Strait Islander artists from the MCA collection, selected by Keith Munro. The exhibition provided diverse opportunities to increase engagement with Aboriginal and Torres Strait Islander audiences. They included professional development for a Birpai man from Port Macquarie who worked for ten days with the MCA’s exhibitions services team and waranara, an activity sheet for children focusing on Sydney language. New Acquisitions 2006 presented works acquired for the MCA Collection over the past twelve months, showcasing an exciting and diverse cross- section of contemporary Australian artistic practice. Works included Richard Bell - Worth Exploring? (2002); Vernon Ah Kee Fantasies of the good, (2005); Janet Laurence, Cellular Gardens (2005) and Trace/efface II 1991; Daniel von Sturmer Into a vacuum of future events (2005); Maria Fernanda Cardoso Woven Water (2003); Nick Mangan eXoecoaXis (2005); Anne Kay + Jane Polkinghorne Artist Archive (2005) and Sean Healy & Claire Cordiero The Cordial Home Project (2003). In Spring the MCA programmed 3 exhibitions for an in-depth focus on Australian art. The major exhibition of the season was a timely solo show by Juan Davila - over three decades of his practice. A fine hard cover book was co-published by the MCA and Miegunyah Press. Juan Davila proceeded to the National Gallery of Victoria – International, St Kilda Rd, Melbourne from 30 November 2006 – 4 February 2007. An exhibition on level 4 showcased recent work by James Angus with a satellite component Shangri-La at the Sydney Opera House. Angus prepared a new work for the MCA, Bugatti type 35 (2006). The James Angus catalogue, a new partnership between the MCA and Art & Australia, featured installation shots and was launched on 4 October at the MCA. The James Angus exhibition is touring throughout 2007 to , Bendigo and and has been awarded a Visions Contemporary Touring Initiative grant for the tour. The MCA’s annual Primavera exhibition turned fifteen in 2006, and featured

work by 13 artists curated by Aaron Seeto. The opening event linked James Installation view Primavera 06 at MCA 2006 photo Jenni Carter Angus as one of the first Primavera artists.

14 15 Multiplicity: Prints & Multiples from the Collections of the MCA and the University of Wollongong opened 12 October and was the first time that the MCA has collaborated with another institution with a similar focus within their collection. The Museum of Contemporary Art and the University of Wollongong (UOW) house many significant works by Australian and international artists who use prints and multiples as their primary medium or who have made a significant contribution to this practice. The MCA was successful in achieving Visions of Australia support for the Regional tour of Multiplicity. Nine venues across three states confirmed their intention to present the exhibition throughout 2007-2008. The 2006 Summer season presented two fantastic projects – Paddy Bedford and Centre Pompidou Video Art: 1965-2005. The Paddy Bedford exhibition featured almost 80 works, covering the range of Paddy Bedford’s career from early paintings with natural earth ochres up to more recent works in gouache on board, conveying stories of social, cultural and historic importance. The exhibition was accompanied by a major publication and an excellent Acoustiguide audio tour featuring the artist speaking in Gija. Following the presentation at the MCA, the exhibition travels to the Art Gallery of Western Australia, Bendigo Art Gallery, and University Art Museum, . This national tour is made possible through the generous support of the Federal Government’s Visions of Australia Contemporary Touring Initiative, enabling audiences around the country to experience Paddy’s wonderful work. Centre Pompidou Video Art 1965-2005 presented over 30 works of video and moving image from the Pompidou collection in Paris selected by Christine Van Assche, Curator of new media at the Centre Pompidou. The exhibition spanned the development of video and new media from 1965 through to 2005 and included highlights of the Centre Pompidou’s collection of audiovisual installations, commissioned projections and works on monitors, as well as documentation.

Installation view New Acquisitions 06 at MCA 2006 photo Jenni Carter

15 16 Touring Exhibitions

International the unquiet landscapes of Rosemary Laing toured to the Kunsthallen Brandts Klaedefabrik, in Odense, Denmark from 19 May – 3 September 2006 with good attendance [13,484 visitors]. The tour was supported by a grant from the Visual Arts Board of the Australia Council. Ricky Maynard’s billboard project comprising four images form the artist’s Portrait of a Distant Land was presented at the Busan Biennale, Korea from 16 September to 21 November 2006. The project is supported by a New Australian Stories grant, an initiative of the Australia Council. The Busan Biennale is immensely popular, with an estimated 1,249,000 visitors. The presentation of Sam Taylor-Wood in Wellington from 8 October 2006 to 28 January 2007 marks the fourth project the MCA has collaborated on with New Zealand venues in as many years. Visitor attendances at City Gallery, Wellington was high (26,404 people).

National MCA’s Primavera 2005 exhibition toured to Muswellbrook Regional Gallery from 11 February to 26 March 2006. [645 visitors] Wild Thang! Post-Pop from the Museum of Contemporary Art concluded its four venue regional tour at Albury Regional Gallery on 14 May 2006. The exhibition has been seen by 18,176 people at its four tour itinerary since 2004.

Installation view Sam Taylor Wood at MCA 2006 photo Jenni Carter

17 18 Education, Youth Programs & Access 2006 800 teenagers from 120 schools across Sydney. The generationext Youth Committee helped the MCA to plan four well-attended and highly popular events which included artist talks, live music, refreshments and creative competitions in the context of MCA exhibitions. The MCA’s ongoing partnership with The Smith Family, law firm Mallesons Stephen Jaques and the University of Sydney delivered twice-yearly four-day Bella art education workshops for youth-at-risk from across New South Wales. The MCA hosted Andrea Gledhill from New England Regional Art Museum, who undertook a mentorship with Justine McLisky, Youth and Outreach Programs Coordinator, funded through Museums and Galleries NSW. Throughout MCA Education’s vision is to engage new and existing audiences with the year, work experience students, teachers and museum professionals, contemporary art, ideas and visual culture in meaningful ways through interns and volunteers from Sydney, interstate and overseas were placed life-long learning experiences. The Department is committed to across the Museum for terms ranging from one week to six months. Steven programming that acknowledges diverse communication and learning Donovan, a Birpai man from Port Macquarie, worked for ten days with the styles and is increasingly shifting into different modes of delivery, MCA’s exhibitions services team during the installation of the MCA Collection partnerships and funding relationships. exhibition bangu yilbara as an opportunity for professional development. In 2006 there were 48 lectures and talks, 9 performances, 5 events for teachers and educators, 4 professional development workshops and 25 youth workshops. 5,371 people participated in the Museum’s public programs and 25,097 people in 1422 groups participated in gallery-based tours and programs catering for youth audiences including school, tertiary and community groups. This is a record attendance for youth audiences to the MCA and a 40% increase from 2005. 909 teachers, carers and students in 97 classes from 38 different institutions participated in the MCA’s Bella program – the pioneering art education program for children and young people with specific needs. Made possible through the benefaction of the Jackson Family, Bella workshops and outreach programs are about overcoming educational disadvantage as well as fostering skills which can be applied throughout life. 4185 people attended the free, daily guided tours provided by the Museum’s Volunteer Guides who regularly attended exhibition walkthroughs and undertook workshops in which they developed their tours. This was an increase of almost 1000 on 2005. In 2006 the MCA recruited and trained ten new Guides, bringing the total Volunteer team to 39 dedicated individuals. Artists’ talks are central to the public programs of the MCA and in 2006 over 25 artists gave talks in the gallery, in association with other artists or curators. generationext, a unique program of after-hours art appreciation events Installation view Paddy Bedford at MCA 2006 photo Jenni Carter connecting teenagers with contemporary art and artists, reached over

19 20 Volunteers 2006

Volunteer Museum Guides

Kay Berryman Jan McDonald Pamela Blacket Antoinette McSharry Joan Dale Tina Melick Susanne de Ferranti Kim Murray Victoria de Mulder Jennie Pry Marguerite Derricourt Annette Robinson Library & Other Internships 2006 Barbara Diemar Alison Ross Volunteers 2006 Fran Derwent Wendy Russell Eleanor Er Dalia Sinclair Anna Robinson Susan Field Claire Souillac Sue Anderson Sue Salier Barry Fitzgibbon Denyse Spice Edd Ashmore Amy Prcevich Wendy Fraser Colleen Tayler Ruth Capplan-Smith Pétélo Gozavella Tuilalo Judy Friend Jocelyn van Heyst Peggy Maguire Stephanie Gabriel Beverley Golovsky Amanda Werrington Marie Marlow Laura Deane Angela Gregory Gwen Wallis Meg Taylor Mikella Gon Dianne Kershaw Penelope Wise Rita Todrin Marie Sophonpanich William Levantrosser Judy Zavos Sandra Sleeman Tom Zimmermann Valerie Marshall David Warton Libby Bedford

21 22 MCA Ambassadors 2006 Contemporaries

The MCA Ambassadors program, founded in 2000, recognises Antoinette Albert philanthropic donors for their support of the Museum and its exhibition and education programs. Futurists Richard & Kathy Alcock Steven Alward & Mark Wakely Arnold Bloch Leibler Robin Crawford Matthew Cullen Michele Asprey & Lindsay Powers John Curtis Melissa Banks Elizabeth & Wayne Davies Anthony Battaglia & Catie Dyce Dr Patrice Derrington John Beard & Wendy Davis Beard Ken & Lisa Fehily Julian Beaumont & Annie Beaumont Stephen Grant & Bridget Pirrie The Berg Family Foundation Linda Gregoriou Bambi and Derek Blumberg Catherine Harris AO Bobbe Bowman Zeleny Michael Hawker Natalia Bradshaw Fraser & Victoria Hopkins Peter & Sharon Ivany Hilary Caldwell Visionaries Dr Colin & Mrs Elizabeth Laverty Dr Bruce Caldwell Suzanne & Warwick Miller Andrew & Cathy Cameron The Sidney Myer Fund Steven & Lisa Pongrass Tanya & Mark Carnegie Geoff & Vicki Ainsworth Reg & Sally Richardson Michael Carr Neil & Diane Balnaves Julia Ross Tim & Anne-Marie Casey Sue Cato Susan Rothwell Leo Christie & Marion Borgelt David & Michelle Coe Penelope Seidler Victor & Chrissy Comino Anna Connery Ginny & Leslie Green Innovators Dr Gene Sherman & Catriona & Simon Mordant Mr Brian Sherman AM Joan Connery OAM & Carol Schwartz AM & Alan Peter & Suzanne Steigrad Max Connery OAM Schwartz Greg & Angela Baster Nigel & Pene Stewart Patrick Corrigan AM Loti Smorgon AO & Victor Matthew Howison Peter Vogliotti & Angela McHugh Benita Courtenay Smorgon AO Dr Edward Jackson & Mrs Cynthia Stewart Wallis AO & Gwen Wallis Susi Curtis Eleonora Triguboff Jackson Michael Whitworth & Sally Dan-Cuthbert Malcolm & Lucy Turnbull Ann Lewis AM Dr Candice Bruce Gordon Darling AC CMG & Anonymous (1) Richard & Heather Penn Gregory Woolley Marilyn Darling

23 24 Dr Suzanne Davies Sally Herman Scott Marinchek Dr Ian Hill & Morna Seres Sandy & Jane Dawson Jean Herron Mary Rossi Travel David & Gillian Serisier Roderick & Gillian Deane Andrew Heys & Catherine Hunter Peter McGovern & Jan McGovern Bernard & Anna Shafer Dinosaur Designs Michael & Doris Hobbs Guy McKanna Greg & Kathy Shand Kay Doyle Cherry Hood & Graham Jones Nicky & Bruce McWilliam John Sharpe James Draper & Susan Boutwell Andrew Horsley Fran & Tony Meagher Vivienne Sharpe Ari & Lisa Droga Dr John & Mrs Mary Indyk Odetta & Ronald Medich Gillian Simon & Darren Kindrachuk Daniel & Lyndell Droga Davina Jackson & Chris Johnson Dominik Mersch Paul & Dalia Sinclair Helen Eager & Christopher Greg Jones Bernice Miles Skadden Arps Slate Meagher & Hodges Flom Judy Joye Jan Minchin Carrie Elton Sandra & Barry Smorgon Erika Jumikis Simon Moore Michele Ferguson & Christopher Snelling & Michael Elsa Maria Katari and Binu Katari Kingsley Mundey Michael Magnus Baker Phillip Keir & Sarah Benjamin Dr Mark Nelson and Mrs Louise Sandra & Paul Ferman Nelson Bruce & Barbara Solomon Ezekiel Barry Keldoulis Solomon Susan Field Michael & Mary Parkinson Keith Kerridge & Maureen Plavsic Darren J Spain Leon Fink & Jenny Turpin Lisa & Egil Paulsen Michael King Phil Staub & Jacky Vidor David Finlay Richard & Natalie Peake Christopher & Anne Knoblanche Rebecca Stehli Dr Barrie Fraser & Arvid & Karen Petersen Doug & Sue Knox Irene Sutton Mrs Wendy Fraser Andy & Deirdre Plummer Phyllis Koshland Peter & Maree Thomas Kathy Freedman Andrew & Chloe Podgornik Christopher Kuan Isaac & Susie Wakil Richard & Jan Frolich Diana Polkinghorne John Landerer CBE AM & John Walton AM & Josie Walton Glen-Marie Frost Ted Pretty Michelle Landerer Ivan & Karel Wheen Joseph Gersh AO Dr Dick Quan & Mr John McGrath Annette Larkin Ian Wilcox & Mary Kostakidis Simon Goh The Annabel Rupert Myer Family Paula Latos-Valier & Biron Valier Bradford Gorman & Anthony Foundation Virginia Wilson Julian Lavigne Ewart Peter Reeve Neil & Jill Wilson Marita Leuver Phillip & Vivien Green Dr John Reid AO & Ms Lynn Justin & Annette Wright Stephen & Sharon Green Christine Liddy AO & David Liddy Rainbow Belinda Yabsley & Tony Goldsack Robert Green & Maria Johnson Harvey Light Carolyn Rendle Vera Yakimenko Julian & Stephanie Grose Andrew & Amanda Love Crispin Rice Brian Zulaikha Dr Mary Haines Richard Ludbrook David Robb & Bronia Iwanczak Anonymous (4) Angelo & Despina Hatsatouris David Maloney & Erin Flaherty Alexandra Rose Judi Hausmann Roy Manassen Amanda Rowell Bruce Hawker Jenny Manton Anna Schwartz As at 31 December 2006

25 26 Director’s Working Circle 2006 Indigenous Advisory Group

The MCA Director’s Working Circle is a group committed to and The MCA Indigenous Advisory Group was set up in 2003 with proud, of the dynamic place that is the MCA. It is a group that the aim of advising the MCA on ways to reflect the needs and is active in its support of meeting the Museums’ objectives and interests of Aboriginal and Torres Strait Islander artists and purpose to broaden the reach of the MCA in order to increase audiences in all areas of the MCA’s program. involvement in the MCA experience.

2006 Members

Mr Geoff Ainsworth Ms Judy Joye Mrs Antoinette Albert Mr Barry Keldoulis Ms Sue Cato Mrs Isabella Klompe Mr Stuart Clark Mrs Anne Knoblanche Ms Susi Curtis Ms Annette Larkin Mrs Elizabeth Davies Mrs Amanda Love Ms Jane Dawson Mrs Nicky McWilliam Dr Patrice Derrington Mr Simon Mordant Ms Elisabeth Drysdale Mrs Roslyn Oxley Mr Peter Fay Ms Bridget Pirrie Ms Michele Ferguson Mr Reg Richardson Mrs Sandra Ferman Ms Liane Rossler Mrs Linda Fishwick Mrs Susan Rothwell Ms Erin Flaherty Ms Anna Schwartz Ms Jenny Fletcher Mrs Penelope Seidler 2006 Members Mrs Jenny Fox Ms Vivienne Sharpe Ms Eva Galambos Mrs Mandy Shaul Avril Quaill Mr Stephen Grant Ms Gillian Simon Allen Madden Mr Stephen Grant Mr Peter Thomas Djon Mundine Mrs Ginny Green Mrs Gwen Wallis Joanne Brown Ms Linda Gregoriou Mr Stewart Wallis AO Matthew Poll Ms Divonne Holmes a Court Mr Michael Walsh Larissa Behrendt Ms Jane Jose Mr Michael Whitworth Nancy Guiverra

27 28 Sponsorship

Sponsorship and Donations The sponsorship environment is highly competitive with more and more marketing departments in companies seeking sales result driven sponsorships. Telstra, as the MCA leading sponsor has the 3 year sponsorship agreement which expired in 2006. The revised sponsorship target reflects this plus the fact that the MCA has already replaced part of this sponsorship loss. The decline in sponsorship is presently being offset through the increase in donations and fundraising. The net improvement in Sponsorship and Donations in 2006 was $154,953.

Leading Sponsor

Corporate Associates

Corporate Partners Appletiser Arup Culinary Edge Belinda Franks Catering Major Sponsors IIR Conferences Clemenger BBDO Corporate Principals Qantas Airways Limited Collex Pty Ltd Baker & McKenzie Raleigh Paper Co Pty Ltd Cruise Bimbadgen Estate Wines Avantage Presentation Systems Stollznow Research Pty Ltd DDB Sydney Pty Ltd Deepend Clariti Pty Ltd Street Vision FJMT Architects Deutsche Bank Saville Hotel Group The Australian Gastronomy Eakin McCaffery Cox Stancombe Research and Transfield Pty Ltd J. Boag & Son JCDecaux Australia Planning Pty Ltd Waterfield Consultants Penfold Buscombe Seven Network The Sydney Morning Herald Wattyl Australia Rockend Technology Pty Ltd

29 30 MCA Visitor Statistics 2004 – 2006 MCA Purchases/Gifts

The following is a list of purchases/gifts of works that are now part of the MCA collection. In 2006, 25 works were purchased and 8 artworks were gifted to the MCA.

Ruark Lewis Visitor Category 2004 2005 2006 FALSE NARRATIVES 2001 off-set lithographs on card (152), box Gallery/Exhibition Visitors 318,277 359,305 416,168 Museum of Contemporary Art, purchased 2006 Openings/Out of Hours MCA Events 3,148 5,287 5,421

Total Gallery Visitors 321,425 364,592 421,589 Ruark Lewis FN blue 2002 Touring Exhibitions 51,189 32,330 53,427 colour lithograph Museum of Contemporary Art, purchased 2006 Total - exhibition/event visitors 372,614 396,922 475,016

Other Visitors Ruark Lewis Commercial Functions 38,516 41,661 46,987 FN red 2002 colour lithograph MCA Café traffic 44,000 55,133 61,023 Museum of Contemporary Art, purchased 2006 Total Other 82,516 96,794 108,010

Total Traffic 455,130 493,716 583,026 Ruark Lewis FN yellow 2002 colour lithograph Traffic Pro introduced 22 June 2005 Museum of Contemporary Art, purchased 2006 Touring figure does not include Ricky Maynard in Busan – 1,249,789 (Busan Biennale official figures)

Ruark Lewis, Rainer Linz FURNITURE MUSIC for FALSE NARRATIVES 2003 audio CD Museum of Contemporary Art, purchased 2006

31 32 Ruark Lewis Daniel von Sturmer FALSE NARRATIVES 2001 Into a Vacuum of Future Events 2005 Book, 152 pages 5 screen video installation Museum of Contemporary Art, gift of the artist, 2006 Museum of Contemporary Art, purchased 2005

Elizabeth Nyumi Claire Healy, Sean Cordeiro Parwalla 2004 The Cordial Home Project 2003 acrylic on linen C-type LED print Museum of Contemporary Art, gift of Monetti Pty Ltd, 2006 Museum of Contemporary Art, purchased, 2006

Maria Fernanda Cardoso David Noonan Woven Water: Submarine Landscape I 2003 Untitled 2005 preserved starfish, galvanised steel wire etching, photo-etching, spit bite and aquatint, printed in 3 colours from two Museum of Contemporary Art, purchased with the assistance of Geoff and copper plates and one aluminium photo-etching plate Printed by Martin King Vicki Ainsworth, and donors at the 2005 Bella Dinner, 2006 at Australian Print Network, Melbourne 2005 Museum of Contemporary Art, purchased 2006 Dennis Nona Jane Polkinghorne, Anne Kay Sessere 2004 Artist Archive 2005 hand coloured linocut Mini DV transferred to DVD Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art, purchased 2006

Sophie Coombs Vernon Ah Kee Untitled sc/ab/102/2001 2001 Fantasies of the Good 2004 artists book, ink on paper, satin cover charcoal on paper Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art, purchased 2006

Sophie Coombs Nick Mangan Metaphysical Drawing sc/101/2005 2005 eXoecoaXis 2005 ink on paper perspex, resin, carpet, wood, acrylic paint Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art, purchased with the assistance of Mr Ken and Mrs Lisa Fehily, Melbourne, 2006 Kingpins Welcome to the Jingle 2003 Mike Parr DVD, RL and single channel (1 x master, 1 x exhibition copy) A-Abstraction 1992 Museum of Contemporary Art, purchased with the assistance of Dr Edward photocopy on paper, enamel paint and transfer lettering on cardboard and and Mrs Cynthia Jackson, 2005 paper box with metal clip. Approx. 254 pages Museum of Contemporary Art, gift of the artist, 1993

33 34 Richard Bell Lena Yarinkura Worth Exploring? 2002 Camp dog 2001 acrylic and gravel on canvas, ink on polypropelene, satin laminated aluminium Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art and Maningrida Arts and Culture, gift of the artist 2006

vJanet Laurence Cellular Gardens 2005 Lena Yarinkura stainless steel, mild steel, acrylic, blown glass, plastic tubing, Pig and piglets 2001 rain forest plants aluminium Museum of Contemporary Art, purchased 2005 Museum of Contemporary Art and Maningrida Arts and Culture, gift of the artist 2006

Janet Laurence Trace/efface II 1991 Lena Yarinkura treated photographs, ash, wood and glass Echidna 2001 Museum of Contemporary Art, gift of the artist, 2006 bronze Museum of Contemporary Art and Maningrida Arts and Culture, gift of the artist 2006 Nell Unlimited Radiance 2001 MDF, cork, sequins, pins, acrylic, paint David Shrigley Museum of Contemporary Art, gift of Dr Edward and The Human Body 1999 Mrs Cynthia Jackson, 2006 screenprint Museum of Contemporary Art, anonymous gift 2006 Earthworks Poster Collective, Various Daniel Boyd Collection of Earthworks Poster Collective & other artists posters We Call them Pirates Out Here 2006 Posters oil on canvas Museum of Contemporary Art, gift of Julie Ewington, 2006 Museum of Contemporary Art, purchased 2006

Louise Weaver David Griggs It would seem that eyes can live without hearts (Oracle Fox) 2005 Hellfire homestead BUSH wacking dingo (restaurant painting #4) 2005 wool, foam, glass, felt, nylon, cotton, perspex, plastic, lurex thread, acyrlic on canvas Swarovski crystals, wood Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art, purchased with the assistance Claire Healy, Sean Cordeiro of Jill & Michael Hawker, Andrew Cameron, John Reid, Mark Nelson, Hamper (9 months and a hangover) 2006 and silent pledge at Bella Dinner, 2006. 9 months of printed matter waste, picnic table and beer bottles Museum of Contemporary Art, purchased 2006

35 36 Elizabeth Pulie Bede Tungutalum Lives of the Artists (No’s 1-10) 2002-2005 Irikipayi (crocodile man) 2006 ink on paper, compact disc linocut print on rice paper Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art, purchased 2006

Jacqueline Riva, Geoff Lowe Julie Rrap Artfan 1993-2002 Porous Bodies 1999 ink on paper box set of 11 individual DVDs plus show reel and digital Beta tape Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art, purchase 2006

Raquel Ormella John Barbour I’m in Vienna and I’m wearing one of those waistcoat jackets 1998 Inherent Vice 2005-2006 potato print on calico, wood ink, acrylic & silk thread, cotton on cotton voile Museum of Contemporary Art, gift of Peter Fay, 2006 Museum of Contemporary Art, purchased 2006

Narelle Jubelin George Parkin, Rose Farrell Untitled 1992 After the Fall, Act One 2004 petitpoint, metal type C colour print Museum of Contemporary Art, Gift of Peter Fay, 2006 Museum of Contemporary Art, purchased 2006

Rosalie Gascoigne, Narelle Jubelin George Parkin, Rose Farrell Untitled + Jubilee Fountain 1992 Unforseen Circumstances, Act Two 2004 tin, wood, petitpoint type C colour print Museum of Contemporary Art, gift of Peter Fay, 2006 Museum of Contemporary Art, purchased 2006

Todd McMillan George Parkin, Rose Farrell By the Sea 2004 Cause for Consternation, Act Six 2004 16 mm film, transfered to DVD type C colour print Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art, purchased 2006

Bede Tungutalum Ben Qilty Marantuwungini (dugongs) 2006 Van Rorschach 2005 linocut print on paper oil on canvas Museum of Contemporary Art, purchased 2006 Museum of Contemporary Art, purchased with the assistance of GRANTPIRRIE and the artist, 2007

37 38 Jess MacNeil Outward Loans starting or ending in 2006 The Shape of Between 2006 digital video (2 discs) Museum of Contemporary Art, purchased 2006 The following details outward loans from the MCA Collection both nationally and internationally. In 2006, XX works in total Jess MacNeil were sent on loan to X international and X Australian venues. Varanasi Two 2006 oil, watercolour and graphite on canvas Museum of Contemorary Art, purchased 2006

National Gallery of Australia, NGA: No ordinary place: the art of David Malangi 08 Dec 2004 - 04 Jul 2006 Tour venues: National Gallery of Australia, NGA 31 Jul 2004 – 07 Nov 2004 Flinders University Art Museum 02 Aug 2005 – 02 Oct 2005 Museum and Art Gallery of the Northern Territory 12 Nov 2005 – 08 Jan 2006 Queensland Art Gallery 23 Apr 2005 – 17 Jul 2005 Lawrence Wilson Art Gallery 07 Apr 2006 – 04 Jun 2006 Works: David Daymirringu Malangi; Ngarrawu (Mangrove jack), David Daymirringu Malangi; Gupapuyngu mortuary rites, David Daymirringu Malangi; Bininymirr (Mangrove goanna), David Daymirringu Malangi; Raga (White berry bush)

University of Sydney: 21 Jan 2005 - 21 Jan 2006 Works: John Power; (Figures dancing), John Power; (Promenade)

39 40 Museum Tinguely: South Australian Museum: rarrk - John Mawurndjul: Journey in Northern Australia 13 Canoes 01 Aug 2005 - 15 Mar 2006 24 Jan 2006 - 19 Apr 2006 Tour venues: Works: Museum Tinguely Wally Lipuwanga; Gurrumattji (Magpie goose), 20 Sep 2005 – 31 Jan 2006 George Nulumba Milpurrurru; Gumang (Magpie goose) Sprengel Museum 19 Feb 2006 – 05 Jun 2006 Campbelltown Arts Centre, Campbelltown City Art Gallery: Works: John Peart Survey; 17 Feb 2006 - 07 Jun 2006 John Mawurndjul; Ancestral spirit beings collecting honey, John Mawurndjul; Nawarramulmul (Shooting star spirit) Works: John Peart; Neelima II, FJMT: John Peart; Neelima II, FJMT Office Hang 02; John Peart; Neelima II, Organizer: Museum of Contemporary Art, MCA John Peart; Neelima II, John Peart; Neelima II 05 Aug 2005 - 05 Mar 2006 Works: Sprengel Museum: Lewis Baltz; Corona del Mar, rarrk - John Mawurndjul: Journey in Northern Australia; Bill Henson; from Untitled 1983-84, Organizer: Museum Tinguely; Start: 20 Sep 2005; End: 05 Jun 2006 Vincent Butron; Limited Action Painting no.105 (process blue) I have no time 19 Feb 2006 - 05 Jun 2006 for anything else but this, Vincent Butron; Limited Action Painting no.106 (process blue) Is there Tour venues: anything in this which makes me want to look at it longer?, Museum Tinguely; Maria Kozic; MASTERPIECES (Warhol), Opening: 20 Sep 2005; Closing: 31 Jan 2006, Lewis Baltz; Supermarket, Corona del Mar, Grant Mudford; From Ocean boulevard, Long Beach Sprengel Museum; Opening: 19 Feb 2006; Closing: 05 Jun 2006 Tarra Warra Museum of Art: Works: Orient/Occident: John Young, a survey of works 1978 -2005; John Mawurndjul; Ancestral spirit beings collecting honey, 16 Oct 2005 - 14 Jun 2006 John Mawurndjul; Nawarramulmul (Shooting star spirit) Works: John Young; The Second Mirage, John Young; Socialite realism, no 3 (filigree)

41 42 Museum and Art Gallery of the Northern Territory: The Power Institute: The Sound of the Sky; 23 Jul 2006 - 23 Jul 2007 20 Feb 2006 - 30 Aug 2006 Works: Works: John Power; Nature Morte (Fleurs) (Still life (Flowers)), Tim Johnson; Dewachin John Power; (Still life with toothbrush)

Art Gallery of New South Wales, AGNSW: Tarra Warra Museum of Art: Lewis Morley Parrallel Lives: Australian Art Today 06 Jun 2006 - 10 Oct 2006 Turra Warra Museum of Art Biennale; 02 Aug 2006 - 12 Dec 2006 Works: Works: Lewis Morley; Christo Wrapped David Griggs; Hellfire homestead BUSH wacking dingo (restaurant painting #4) National Gallery of Australia, NGA: Imants Tillers retrospective; 14 Jun 2006 - 22 Nov 2006 Lord Mayor, City of Sydney: Lord Mayor Office Hang; Works: Organizer: Museum of Contemporary Art, MCA; Imants Tillers; Heart of the wood 12 Aug 2006 - 12 Aug 2007 Works: FJMT: Sean Scully; Orange slide FJMT Office Hang 2006; Organizer: Museum of Contemporary Art, MCA; Institute of Modern Art Ltd: 16 Jun 2006 - 16 Dec 2006 Richard Bell Survey; Works: 03 Sep 2006 - 30 Nov 2006 Dale Hickey; Drawing no. 11, Works: Dale Hickey; Drawing no. 24, Richard Bell; Worth Exploring? Dale Hickey; Drawing no. 4, Kenneth Noland; Shadow line, Gerd Winner; Catfish Row, N.Y. No. 4, Royal Melbourne Institute of Technology (RMIT): Gerd Winner; Autumn in New York, Idea of the Animal; Gerd Winner; Catfish Row, N.Y. No. 5, 11 Sep 2006 - 18 Dec 2006 Gerd Winner; Catfish Row, N.Y. No.1, Gerd Winner; Catfish Row, N.Y. No. 2, Works: Gerd Winner; Catfish Row, N.Y. No. 3, Joseph Beuys; Felt suit Richard Estes; Holland Hotel

43 44 The Deloitte Foundation: MCA Board 2006 Girl Band 11 Oct 2006 - 06 Apr 2007 Works: Fiona Foley; Badtjala Woman (two sets of beads), Fiona Foley; Badtjala Woman (crossed string), Fiona Foley; Badtjala Woman (with collecting bag)

National Gallery of Victoria, NGV: Howard Arkley: The Retrospective; 17 Oct 2006 - 31 Oct 2007 Chairman of the MCA Board David Coe, Managing Director, Allco Finance Group Tour venues: National Gallery of Victoria, NGV; Opening: 17 Nov 2006; Closing: 25 Feb 2007, Board Members Art Gallery of New South Wales, AGNSW; Andrew Love, Partner, Ferrier Hodgson Opening: 10 Mar 2007; Closing: 06 May 2007, Peter Ivany, Executive Chairman, Ivany Investments Queensland Art Gallery; Opening: 01 Jul 2007; Closing: 30 Sep 2007 Peter Steigrad, Former Chairman, Young & Rubicam

Works: Greg Woolley, Chief Executive Officer, LJCB Investment Group Howard Arkley; Felony, (shown at NGV only) (ceased 30 August 2006), Director, Turnbull & Partners Howard Arkley; The cacti succulents Lucy Turnbull Carol Schwartz AM, Director, Highpoint Property Group

Mikala Dwyer, Artist

Matthew Cullen, Office of the Chairman, Seven Network Limited

Catherine Harris AO PSM, Executive Director, Harris Farm Markets Pty Ltd

Professor Larrisa Behrendt (appointed 14 December 2006), Professor of Law and Director of Research at the Jumbunna Indigenous House of Learning at the University of Technology, Sydney

John Cox (Company Secretary), Partner, Eakin McCaffery Cox

45 46 Financial Statements 2006 Directors’ report For the year ended 31 December 2006

Museum of Contemporary Art Limited Your directors present their report on the Company for the ACN 003 765 517 year ended 31 December 2006. ABN 15 003 765 517 A company limited by guarantee Directors 140 George Street Sydney NSW 2000 The following persons were directors of the Company during the whole Australia of the financial year and up to the date of this report: David Coe Financial Report Andrew Love for the year ended 31 December 2006 Peter Steigrad Greg Woolley Peter Ivany Carol Schwartz Mikala Dwyer Matthew Cullen Cathy Harris

Larissa Behrendt was appointed a director on 8 December 2006 and continues in office at the date of this report. Lucy Turnbull was a director from the beginning of the financial year until her resignation on 1 July 2006.

47 48 FinancialDirectors’ Statements report 2006 Directors’ report For the year ended 31 December 2006 For the year ended 31 December 2006

Meetings of directors Principal activities The numbers of meetings of the Company’s board of directors held during The principal activity of the Company was the operation of a Museum of the year ended 31 December 2006, and the numbers of meetings attended by Contemporary Art. each director were: Operations for the year ended 31 December 2006, resulted in a surplus of $1,190,598 [2005: surplus of $178,092].

Full meetings of directors Dividends “ Meetings Held “ “ Meetings Attended “ The Company is a Company limited by guarantee and is restricted from declaring any dividends. David Coe 6 5 Andrew Love 6 4 Significant changes in the state of affairs Peter Steigrad 6 4 During the year ended 31 December 2006, there was no significant change in the state of affairs of the Company. Greg Woolley 6 2 Matters subsequent to the end of the financial year Lucy Turnbull 3 2 There has not been any matter or circumstance that has arisen since the Peter Ivany 6 3 end of the financial year (refer to subsequent events note 21 in the financial Carol Schwartz 6 3 report), that has significantly affected or may significantly affect the operations of the Company, the results of those operations or the state Mikala Dwyer 6 0* of affairs of the company in subsequent years. No director has received Matthew Cullen 6 2 or become entitled to receive, during or since the financial year, a benefit because of a contract made by the Company, controlled entity or a related Cathy Harris 6 5 body corporate with the director, a firm of which the director is a member or Larissa Behrendt 1 1 an entity in which the director has a substantial financial interest.

Environmental regulation *Mikala Dwyer has been granted absent for one year There are no significant environmental regulations which affect the Company’s operations.

49 50 Directors’ report Directors’ report For the year ended 31 December 2006 For the year ended 31 December 2006

Insurance of officers Auditors’ independence declaration During the financial year, the company paid a premium of $12,200 to insure A copy of the auditors’ independence declaration as required under Section the directors, secretary and senior officers of the company. 307C of the Corporation Act 2001 is set out on page 4.

The liabilities insured are legal costs that may be incurred in defending civil Audit or criminal proceedings that may be brought against the officers in their capacity as officers of the company, and any other payments arising from PricewaterhouseCoopers continues in office in accordance with section 327 liabilities incurred by the officers in connection with such proceedings, other of the Corporation Act 2001. than where such liabilities arise out of conduct involving a wilful breach of This report is made in accordance with a resolution of the directors. duty by the officers or the improper use by the officers of their position or of information to gain advantage for themselves or someone else or to cause detriment to the company. It is not possible to apportion the premium between amounts relating to the insurance against legal costs and those relating to other liabilities.

Proceedings on behalf of the company No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the company, or to intervene in any proceedings to which the company is a party, for the D. Coe P. Steigrad purpose of taking responsibility on behalf of the company for all or part of Chairman of the board Director those proceedings. Sydney No proceedings have been brought or intervened in on behalf of the company 24 April 2007 with leave of the Court under section 237 of the Corporations Act 2001.

Likely developments and expected results of operations Information on likely developments in the company’s operations and the expected results of operations have not been included in this report because the directors believe it would be likely to result in unreasonable prejudice to the company.

51 52 Income Statement Balance Sheet For the year ended 31 December 2006 As at 31 December 2006

Notes 2006 2005 Notes 2006 2005

$ $ $ $

Revenue 2 11,477,335 9,875,954 Current assets Other income 3 640 8,552 Cash and cash equivalents 7 5,098,556 3,712,371 Trade and other receivables 8 503,978 417,541 Expenses Inventories 9 426,831 357,247 Depreciation & Amortisation expenses 4 (437,062) (414,416) Prepayments 10 5,589 12,185 Employee benefits expense (4,111,642) (4,088,757) Cost of goods sold (608,492) (521,091) Total current assets 6,034,954 4,499,344 Exhibition & education project costs (2,028,358) (1,765,426) Advertising (223,505) (213,953) Non-current assets Cleaning (200,655) (192,533) Plant and equipment 11 13,783,776 13,509,051 Contractors & Artist fees (110,543) (58,315) Insurance (192,240) (176,834) Total non-current assets 13,783,776 13,509,051 Electricity (410,955) (244,932) Marketing & Promotion (215,239) (204,174) Total assets 19,818,730 18,008,395 Repairs and Maintenance (257,364) (275,864) Security (305,812) (292,046) Current liabilities Telephone (91,602) (113,989) Travel Local & Overseas (129,028) (157,116) Trade and other payables 12 1,091,599 1,159,290 Printing & Stationery (85,384) (66,743) Provisions 13 369,224 298,278 Signage & Display (61,443) (62,355) Income in Advance 14 2,237,182 1,620,700 Storage Rental (70,290) (65,365) Computer Maintenance & Consumables (90,818) (96,778) Total current liabilities 3,698,005 3,078,268 Carrying value of disposed fixed assets - (24,447) Other expenses (656,945) (671,280) Net assets 16,120,725 14,930,127

Profit before income tax expense 4 1,190,598 178,092 Equity Income tax expense - - Retained Profits 15 16,120,725 14,930,127

Net profit 1,190,598 178,092 TOTAL MEMBERS’ FUNDS 16,120,725 14,930,127 Revenue, expenses and valuation adjustments recognised directly in equity - -

Total changes in equity other than those resulting from transactions with owners as owners 1,190,598 178,092

The above Income Statement should be read in conjunction with the accompanying notes. The above Balance Sheet should be read in conjunction with the accompanying notes.

53 54 Statement of Changes in Equity 1. Summary of Significant Accounting Policies For the year ended 31 December 2006

Notes 2006 2005 The principal accounting policies adopted in the preparation of the financial report are set out below. These policies have been consistently applied to all the year presented, $ $ unless otherwise stated. Total equity at the beginning of the financial year 14,930,127 14,752,035

Profit for the year 15 1,190,598 178,092 (A) BASIS OF PREPARATION

Total equity at the end of the financial year 16,120,725 14,930,127 This general purpose financial report has been prepared in accordance with Australian equivalents to International Financial Reporting Standards (AIFRSs), other authoritative pronouncements of the Australian Accounting Standards Board, Urgent Issues Group Interpretations and the Corporations Act 2001.

Compliance with IFRSs Cash Flow Statement Australian Accounting Standards include Australian equivalents to International Financial Reporting Standards. Compliance with AIFRSs ensures that the financial For the year ended 31 December 2006 statements and notes comply with International Financial Reporting Standards (IFRSs).

Notes 2006 2005 Historical cost convention

$ $ These financial statements have been prepared under the historical cost convention.

Cash flows from operating activities Critical accounting estimates Receipts from customers The preparation of financial statements in conformity with AIFRS requires the use (inclusive of goods and services tax) 12,616,397 10,272,863 of certain critical accounting estimates. It also requires management to exercise its Payments to suppliers and employees judgement in the process of applying the company’s accounting policies. (inclusive of goods and services tax) (10,935,084) (10,219,620) Interest received 232,882 215,687 (B) FOREIGN CURRENCY TRANSLATION Net cash inflow from operating activities 26 1,914,195 268,930 (i) Functional and presentation currency Cash flows from investing activities Items included in the financial statements of each of the Company’s operations Payments for property, plant and equipment (528,650) (664,751) are measured using the currency of the primary economic environment in which Proceeds from sale of fixed assets 640 33,000 it operates (“the functional currency”). The financial statements are presented in Australian dollars, which is the Company’s functional and presentation currency.

Net cash (outflow) from investing activities (528,010) (631,751) (ii) Transactions and balances Foreign currency transactions are translated into the functional currency using Net increase in cash held 1,386,185 (362,821) the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the Cash at beginning of the financial year 7 3,712,371 4,075,192 translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement. Cash at the end of the financial year 7 5,098,556 3,712,371 Translation differences on non-monetary items are reported as part of the fair value The above cash flow statement should be read in conjunction with the accompanying notes. gain or loss.

55 56 (C) REVENUE RECOGNITION (F) EMPLOYEE ENTITLEMENTS

Revenue is measured at the fair value of the consideration received or receivable. (i) Wages, salaries and annual leave Amounts disclosed as revenue are net of returns, trade allowances and duties and Liabilities for wages and salaries, including non-monetary benefits and annual leave taxes paid. Revenue is recognised for the major business activities as follows: expected to be settled within 12 months of the reporting date are recognised in other (i) Trading revenue creditors in respect of employees’ services up to the reporting date and are measured at the amounts expected to be paid when the liabilities are settled. Income from sale of goods in the store is recognised upon delivery of goods. (ii) Long Service Leave (ii) Grants and donations The liability for long service leave is recognised in the provision for employee benefits Grants and donations received are recognised as revenue when MCA obtains control and is measured as the present value of expected future payments to be made in of the grants and donations or the right to receive the grants and donations. respect of services provided by employees up to the reporting date. Consideration is (iii) Sponsorship income given to expected future wage and salary levels, experience of employee departures Income received from sponsors for Corporate Membership is recognise when MCA and periods of service. Expected future payments are discounted using market yields obtains control of the sponsorship or the right to receive the sponsorship. Whilst at the reporting date on national government bonds with terms to maturity and income from Corporate Sponsorship is amortised over the life of sponsorship. currency that match, as closely as possible, the estimated future cash outflows.

(iv) Function Room Hire Function Room Hire income are recognised when services are rendered. (G) DEPRECIATION & AMORTISATION

(v) Rental Income Depreciation is calculated on a straight line basis so as to write off the net cost of Rental income is recognised on a straight line basis over the lease term. each depreciable non-current asset over its expected useful life.

(D) EXHIBITION INCOME AND EXPENDITURE The expected useful lives are as follows:

The Company, as part of its activities, organises exhibitions and other projects of Plant and Equipment 3 - 5 Years contemporary works, both from Australia and overseas. Such exhibitions and other Motor Vehicles 5 Years projects may incur costs and expenses in years prior to them being held. In addition, the Company seeks sponsorships and grants to offset those expenses and these may Books and Publications 5 Years also be received prior to the exhibition or other project. Furniture and Fittings 2 - 9 Years

Computer Equipment 3 - 5 Years

(E) IMPAIRMENT OF ASSETS Works of Art Refer 1 (I) Assets that have an definite useful life are not subject to amortisation and are tested annually for impairment. Assets that are subject to amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying Amortisation of the leasehold improvements is calculated on the straight line basis so amount may not be recoverable. An impairment loss is recognised for the amount by as to write off the net cost over the remainder of the lease term ending in 2039. which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash generating units).

57 58 (H) LEASEHOLD IMPROVEMENTS (M) RECEIVABLES

The MCA entered into an agreement to lease with Sydney Harbour Foreshore Authority Trade receivables are recognised initially at fair value and subsequently measured for a term of thirty seven years from 1 January 2002 to 15 March 2039. The expenditure at amortised cost, less provision for doubtful debts. Trade receivables are due for on Leasehold Improvements has been recognised as an asset of the Company. Leasehold settlement no more than 30 days from the date of recognition. Improvements are amortised over the remaining period of the lease. Collectibility of trade receivables is reviewed on an ongoing basis. Debts which are The MCA entered into an agreement to lease storage facilities with Ministry for the known to be uncollectible are written off. A provision for doubtful receivables is Arts for a term of ten years from 1 August 2003 to 31 July 2013. The expenditure on established when there is objective evidence that the Company will not be able to Leasehold Improvements has been recognised as an asset of the Company. Leasehold collect all amounts due according to the original terms of receivables. The amount of Improvements are amortised over the remaining period of the lease. the provision is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised in the income statement. (I) WORKS OF ART

The Company acquires and is gifted art from time to time. Such works when acquired (N) TRADE AND OTHER CREDITORS are capitalised at their acquisition cost. Works of Art gifted to the Museum have been These amounts represent liabilities for goods and services provided to the Company recognised at fair value at the time of the gift. Expenses relating to the acquisition, prior to the end of the financial year and which are unpaid. The amounts are including freight and packaging where applicable, are written off in the year in which unsecured and are usually paid within 30 days of recognition. they are incurred. The Company also, from time to time, holds on trust, works of art belonging to various other bodies. These works are not reflected within the financial statements of the (O) BORROWINGS Company. The MCA has no outstanding loans to any parties for the 2006 financial year.

(J) BOOKS AND PUBLICATIONS (P) J W POWER BEQUEST AND THE UNIVERSITY OF SYDNEY

Books and Publications acquired for the Library are capitalised at their acquisition The MCA entered in the management agreement with the University of Sydney on cost. Books and Publications gifted to the Museum are brought to account if of value. 31 December 2001 in which the University appoints the Museum as manager of the The books and publications are depreciated in accordance with (B) above. Collection. At that time the University also waived all outstanding loans and interest owed by the Museum to the Bequest in return for an on-going agreement to provide Services to the Collection. The value of those works is not reflected in the financial (K) CASH AND CASH EQUIVALENTS statements. Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of (Q) NEW ACCOUNTING STANDARDS AND UIG INTERPRETATIONS three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Certain new accounting standards and UIG Interpretations have been published that are not mandatory for 31 December 2006 reporting periods. The Company has not early adopted these new accounting standards and UIG Interpretations for the year (L) INVENTORIES ended 31 December 2006. The Company is in the process of making an assessment of Inventories are valued at the lower of cost and net realisable value. Net realisable the impact of these new standards and UIG Interpretations and has so for concluded value is the estimated selling price in the ordinary course of business less the that these new standards and UIG interpretations would not have a significant impact estimated costs necessary to make the sale. on its results of operations and financial position.

59 60 2. Revenue 4. Profit Before Income Tax Expense

Profit before income tax expense includes the following specific net gains and expenses: Notes 2006 2005

$ $ Notes 2006 2005

Revenue $ $

Trading Revenue 23 989,096 857,287 Net gains Other Revenue: Net gain on disposal of Plant & Equipment 640 8,552 Membership Income 24,081 22,318 Grants: Expenses Arts NSW 22(i) 3,036,800 2,705,000 Cost of sales of goods 608,492 521,091 Australia Council 22(ii) 601,888 620,750 Depreciation Sydney Harbour Foreshore Authority 22(iii) 300,000 300,000 Plant & Equipment 104,645 89,180 Visions of Australia 22(iv) 35,000 - Books & Publications - - Other 22(v) 20,000 32,002 Furniture & Fittings 55,129 53,766 Sponsorship 454,906 443,796 Computer Equipment 34,339 31,555 Donations 1,034,894 726,261 Motor Vehicle 9,268 9,756 Education Income 70,229 51,472 Total depreciation 203,381 184,257 Entrance Fees 190,728 2,682 Function Room Hire 1,507,666 1,353,422 Amortisation Fundraising Events 213,615 182,675 Leasehold improvements 233,681 230,159 Rent Received 2,223,758 2,167,226 Other provisions 70,947 47,251 Other 112,905 92,517 Stock write-down and obsolescence (5,922) (4,742) 10,815,566 9,557,408 Doubtful Debt - - Total other provisions 65,025 42,509 Revenue from outside the operating activities Interest Received 232,882 215,687 Acquisition Fund 245,750 30,400 5. Auditors Remuneration Gifts of Work to the Collection 183,137 72,459 661,769 318,546 Remuneration for audit of the Revenue from ordinary activities 11,477,335 9,875,954 financial report of the company 31,000 28,000 Other Assurance Services 1,500 1,300 Total Auditors Remuneration 32,500 29,300 3. Other Income 6. Income Tax Notes 2006 2005

$ $ The Company has been granted an exemption from paying income tax under section Proceeds from sale of fixed assets 640 8,552 50-5 of the Income Tax Assessment Act (1997).

61 62 7. Current Assets - Cash and Cash Equivalents 11. Non-Current Assets - Plant & Equipment

Notes 2006 2005 Notes 2006 2005 $ $ $ $ Cash on hand 2,650 2,000 Leasehold Improvements, at cost 1(H) 8,470,042 8,353,797 Cash at bank: Less: Accumulated Depreciation 1(G) (2,787,706) (2,554,024) Cheque account - Operation 704,854 617,981 Net Book Value 5,682,336 5,799,773 Cheque account - Donation 121,748 30,633 Plant & Equipment, at cost 559,406 893,497 Cash Management Fund and Term Deposit 4,204,932 3,002,254 Less: Accumulated Depreciation (389,305) (701,204) Capital Appeal Fund Account 43,802 42,734 Net Book Value 70,101 192,293 Belinda Jackson Acquisition Fund 20,570 16,769 Works of Art, at cost 1(I) 7,579,368 7,108,416 5,098,556 3,712,371 Less: Accumulated Depreciation 1(G) - - Cash at bank earns interest at variable rates. Weighted average interest rate is 5.77%. Net Book Value 7,579,368 7,108,416 Books & Publications, at cost 1(J) 113,822 113,822 Less: Accumulated Depreciation 1(G) (113,822) (113,822) 8. Current Assets - Receivables Net Book Value - - Furniture & Fittings, at cost 492,872 794,016 Less: Accumulated Depreciation (221,651) (471,573) Notes 2006 2005 Net Book Value 271,221 322,443 $ $ Trade Receivables 359,449 337,292 Computer Equipment, at cost 130,353 359,059 Other Receivables 144,529 80,249 Less: Accumulated Depreciation (83,589) (316,187) 503,978 417,541 Net Book Value 46,764 42,872 Motor Vehicle, at cost 79,490 79,489 Less: Accumulated Depreciation (45,504) (36,235) 9. Current Assets - Inventories Net Book Value 33,986 43,254 TOTAL PLANT & EQUIPMENT 3,783,776 13,509,051

Notes 2006 2005 * Reconciliations of the carrying amounts of each class of plant and equipment at the $ $ beginning and end of the current financial year are set out below: Finished goods 1(L) 455,675 392,013 Leasehold Less: Provision for Stock Write-down (5,435) (11,357) Improve- Plant Works Books & Furniture Computer Motor Less: Provision for Stock Obsolescence (23,409) (23,409) ments & Equipment of Art Publications & Fittings Equipment Vehicle Total $ $ $ $ $ $ $ $ 426,831 357,247 Carrying amount at 1 January 2006 5,799,773 192,293 7,108,416 - 322,443 42,872 43,254 13,509,051 Additions 116,244 82,453 470,952 - 3,907 38,231 - 711,787 Disposals ------10. Current Assets - Prepayments Depreciation/ Amortisation expense (233,681) (104,645) - - (55,129) (34,339) (9,268) (437,062) Notes 2006 2005 Carrying amount at 31 December 2006 5,682,336 170,101 7,579,368 - 271,221 46,764 33,986 13,783,776 $ $ Other 5,589 12,185 An independent valuation of the company’s works of art was carried out by Simon 5,589 12,185 Storey valuers in December 2003. This indicated a market value of $11,080,891.

63 64 12. Current Liabilities - Payables 16. Financial Risk Management

Notes 2006 2005 $ $ The Company’s activities expose it to variety of financial risks including credit risk and interest rate risks. Objective of Company’s overall risk management program focuses Trade Payables 631,174 570,887 to maximise the benefit to the Company. Other Payables 460,425 588,403 1,091,599 1,159,290 Credit Risk Exposures The credit risk on financial assets of the Company is the carrying value, net of any provision for doubtful debts. 13. Current Liabilities - Provisions

Notes 2006 2005 Interest Rate Risk Exposures The Company’s exposure to interest rate risk and the interest rate for each class of $ $ financial assets and liabilities are set out in note 7. Provision for sponsor benefits 10,000 10,000 Provision for annual leave 1(F) 207,173 173,260 Net Fair Value of Financial Assets and Liabilities Provision for long service leave 1(F) 152,051 115,018 Financial assets and liabilities comprise of cash at bank. The net fair value of financial 369,224 298,278 assets and liabilities approximates their carrying value. Employee numbers Average number of employees during the financial year 73 70 17. Related Parties Transactions 14. Current Liabilities - Income in Advance (a) Directors Notes 2006 2005 The names of persons who were directors of the company at any time during the $ $ financial year are as follows: D Coe, A Love, P Steigrad, G Woolley, L Turnbull, P Ivany, C Schwartz, M Dwyer, M Cullen, C Harris and L Behrendt. All of these persons were also Income in Advance 243,182 210,700 directors during the year ended 31 December 2006, except for L Behrendt who was Income in Advance: government grant 1,994,000 1,410,000 appointed on 8 December 2006. In addition, L Turnbull held office as a director until 2,237,182 1,620,700 her retirement on 1 July 2006.

(b) Key management and personnel compensation 15. Retained Profits Key management personnel compensation for the years ended 31 December 2006 Notes 2006 2005 and 2005 is set out below. The key management personnel are all the directors of the company and the five executives with the greatest authority for the strategic $ $ direction and management of the company. Retained Profits Retained profits at the beginning of the financial year 14,930,127 14,752,035 Post-employ Net profit 1,190,598 178,092 Short-term ment Other long- Termination Share-based benefits benefits term benefits benefits payments Total Retained profits at the end of the financial year 16,120,725 14,930,127 ($) ($) ($) ($) ($) ($) Included in the above amounts are: 2006 617,761 - - - - 617,761 - Forgiveness of loans 1(P) 6,565,390 6,565,390 2005 591,411 - 2,506 - - 593,917 - Gifts of works of art to the Collection 1(I) 5,428,951 5,245,814

65 66 18. Segments The details of grant are as follows: - Grant for general running costs $2,700,000 - Visual Arts and Craft $100,000 The principal activity of the Company during the year was the management of - Additional fit out costs $153,000 the Museum of Contemporary Art. The Company operates predominantly in one - Indigenous activities $23,500 geographical area, being Australia. - ConnectEd Arts $5,300 - Visual Arts and Craft for C3 West project $250,000 - $50,000 in 2006 and $200,000 in advance 19. Share Capital - Lloyd Rees lecture grant $5,000 - Grant for general running costs $1,373,500 - grant in advance for period from Jan to Jun 2007 The Company is a company limited by guarantee and as such does not have authorised or issued capital. Every member of the Company undertakes to contribute to the (ii) Australia Council property of the Company, in the event of the Company being wound up during the time Grant of $601,888 [2005: $620,750] was received from the Australia Council for the that the member is a member, or within one year afterwards, for payment of the debts period from January to December 2006. Grant of $3,000 was also received in advance and liabilities of the Company contracted before the time at which the member ceases to be a member, and of the costs, charges and expenses of winding up the same, from the Australia Council for 2007. and for the adjustment of the rights of the contributors amongst themselves, such amounts as may be required not exceeding twenty dollars ($20.00). The details of grant are as follows: - VAC KO Grant of $250,000 - VAB KO Grant of $261,888 20. Economic Dependency - Grant for “New Australian Stories” of $20,000 - Grant for “New Constellations” of $40,000 - Grant for Rosemary Laing of $30,000 The MCA is partially funded by the Government of the State of New South Wales under - Grant for International Market Development & Promotion of $3,000 - grant in the auspices of its Arts NSW. advance for 2007

(iii) Sydney Harbour Foreshore Authority 21. Subsequent Events Grant of $300,000 [2005: $300,000] was received from Sydney Harbour Foreshore Authority for the period from January to December 2006.

There has not been any matter of circumstance that has arisen since the end of the (iv) Visions of Australia financial year that has significantly affected or may significantly affect the operations Grant of $35,000 [2005:$nil] was received from Visions of Australia for the period from of the Company, the results of those operations or the state of affairs of the January to December 2006. Grant of $417,500 was also received in advance for 2007 company in subsequent years. and 2008 from Visions of Australia.

The details of grant are as follows: 22. Grants - Grant for Paddy Bedford tour of $252,500 - $25,000 in 2006 and $227,500 in advance - Grant for James Angus tour of $200,000 - $10,000 in 2006 and $190,000 in advance (i) Arts NSW Grant of $3,036,800 [2005: $2,705,000] was received from Arts NSW for the period (v) Other grants from January to December 2006. Grant of $1,573,500 was also received in advance Grant of $20,000 [2005: $32,000] was received from British Council for the period from Arts NSW for 2007. from January to December 2006.

67 68 23. Trading Account 26. Reconciliation of net profit to cash used in operating activities 2006 2005 $ $ 2006 2005 Sales - Merchandise 989,096 857,287 $ $ Less: Cost of Goods Sold (608,492) (521,091) Net Profit 1,190,598 178,092 Gross Profit 380,604 336,196 Depreciation and Amortisation 437,062 414,416 Gifts of artworks (183,137) (72,459) 24. Contingent Liabilities Net gain on disposal of fixed assets (640) (8,551)

Changes in assets and liabilities: The Company does not have any contingent liabilities at 31 December 2006.

Increase in provisions 70,947 47,251 Increase in income in advance 616,482 133,705 25. Commitments (Increase) in receivables (86,437) (301,000) Decrease) in prepayments 6,596 8,395 (a) Company as lessee (Increase) in inventory (69,584) (25,063) Operating leases Increase/(Decrease) in trade creditors 60,287 (41,477) Commitments for minimum lease payments in relation to non-cancellable operating (Decrease) in other creditors (127,979) (64,379) leases are payable as follows: 2006 2005 Net cash inflow from operating activities 1,914,195 268,930 $ $ There were no bank overdrafts at 31 December 2006. Within one year 69,900 69,900 Later than one year but not later than 5 years 279,600 279,600 Later than 5 years 110,675 180,575 Commitments not recognised in the financial statements 460,175 530,075

(b) Company as lessor Operating leases Future minimum lease payments expected to be received in relation to non-cancellable operating leases are as follows: 2006 2005 $ $ Within one year 2,208,627 2,217,376 Later than one year but not later than 5 years 7,755,774 7,730,904 Later than 5 years 48,048,980 49,760,520 Commitments not recognised in the financial statements 58,013,381 59,708,800

69 70 Director’s Declaration For the year ended 31 December 2006

In the directors’ opinion: (a) the financial statements and notes set out on pages 5 to 20 are in accordance with the Corporations Act 2001, including: (i) complying with Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements; and (ii) giving a true and fair view of the company’s financial position as at 31 December 2006 and of its performance, as represented by the results of its operations, changes in equity and cash flows, for the financial year ended on that date; and (b) there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable. This declaration is made in accordance with a resolution of the directors.

D. Coe P. Steigrad Chairman of the board Director Sydney 24 April 2007

71 72 Museum of Contemporary Art Circular Quay West The Rocks T: 61 2 9245 2400 F: 61 2 9252 4361 E: [email protected] www.mca.com.au

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