RACING VICTORIA LIMITED 2013 ANNUAL REPORT �ACING VICTO�IA �IMITED – 2013 ANNUAL REPORT Chairman’s foreword The 2012-13 thoroughbred racing season presented another fine showcase for our sport. During the season we farewelled a champion in Black Caviar and at the same time welcomed a new era with outstanding performances from a remarkable crop of three-year-olds and we look forward to these horses making their mark on racing in the seasons ahead. It was indeed a racing season to remember and I am pleased to present Racing Victoria’s Annual Report. The Annual Report includes Racing Victoria’s Financial Report along with the Financial Statements for the financial period ended 30 June 2013. The report also provides a snapshot of the racing season via key statistical data including premiership tables, the season’s Group 1 results and general racing statistics. Victorian racing is in a strong position and maintains its leadership in the racing industry in Australia in terms of the sport’s performance and popularity. ROBERT ROULSTON Chairman �ACING VICTO�IA �IMITED – 2013 ANNUAL REPORT Racing snapshot Victoria was treated to some marvellous performances on the racetrack during the racing season. The traditional feature events of Victoria’s Spring Racing Carnival once again captured racing fans across the country headed by the BMW Caulfield Cup, Sportingbet Cox Plate and Emirates Melbourne Cup which saw French star Dunaden, New Zealand- trained champion Ocean Park and the Team Williams import Green Moon respectively added to the state’s most prestigious honour rolls. However, it was again the undefeated superstar sprinter Black Caviar that captured the heart of the nation. The Victorian bred, owned and trained mare added two more Victorian Group 1 races in her final season, highlighted by a record-breaking performance in the race now named in her honour, the Black Caviar Lightning (1000m) at Flemington. The following information presents a snapshot of the racing season, the feature race winners and all the facts and figures that combine to build the sport of racing in Victoria.. 2012/13 GROUP 1 RESULTS PRIZE DIST MONEY DATE VENUE RACE (M) ($) WINNER JOCKEY TRAINER 22/09/12 Caulfield Hyland Race Colours 1800 400,000 Ocean Park Glen Boss Gary Hennessy Underwood Stakes 30/09/12 Caulfield Clamms Seafood Sir Rupert 1400 400,000 Moment of Change Luke Nolen Peter G Moody Clarke Stakes 6/10/12 Flemington Turnbull Stakes 2000 500,000 Green Moon Craig Williams Robert Hickmott 13/10/12 Caulfield Cathay Pacific Caulfield Stakes 2000 400,000 Ocean Park Glen Boss Gary Hennessy 13/10/12 Caulfield David Jones Rose Clinic Toorak 1600 400,000 Solzhenitsyn Corey Brown Robert Heathcote Handicap 13/10/12 Caulfield BECK Caulfield Guineas 1600 1,000,000 All Too Hard Dwayne Dunn Michael, Wayne & John Hawkes 17/10/12 Caulfield Schweppes Thousand Guineas 1600 500,000 Commanding Jewel Damien Oliver Leon Corstens 20/10/12 Caulfield BMW Caulfield Cup 2400 2,500,000 Dunaden Craig Williams Mikel Delzangles 26/10/12 Moonee Valley Sportingbet Manikato Stakes 1200 750,000 Sea Siren James Cassidy John O'Shea 27/10/12 Moonee Valley Sportingbet Cox Plate 2040 3,000,000 Ocean Park Glen Boss Gary Hennessy 3/11/12 Flemington Coolmore Stud Stakes 1200 500,000 Nechita Christian Reith John Thompson 3/11/12 Flemington Longines Mackinnon Stakes 2000 1,000,000 Alcopop Craig Williams Jake Stephens 3/11/12 Flemington AAMI Victoria Derby 2500 1,500,000 Fiveandahalfstar Damien Oliver Anthony Cummings 3/11/12 Flemington Myer Classic 1600 500,000 Appearance Michael Rodd Guy Walter 6/11/12 Flemington Emirates Melbourne Cup 3200 6,000,000 Green Moon Brett Prebble Robert Hickmott 8/11/12 Flemington Crown Oaks 2500 1,000,000 Dear Demi James Cassidy Clarry Conners 10/11/12 Flemington Patinack Farm Classic 1200 1,000,000 Mental Kerrin McEvoy Peter Snowden 10/11/12 Flemington Emirates Stakes 1600 1,000,000 Happy Trails Damien Oliver Paul Beshara 9/02/13 Caulfield Sportingbet C.F. Orr Stakes 1400 400,000 All Too Hard Dwayne Dunn Michael, Wayne & John Hawkes 16/02/13 Flemington Black Caviar Lightning 1000 500,000 Black Caviar Luke Nolen Peter G Moody 23/02/13 Caulfield Cathay Pacific Futurity Stakes 1400 500,000 All Too Hard Dwayne Dunn Michael, Wayne & John Hawkes 23/02/13 Caulfield Patinack Farm Blue Diamond 1200 1,000,000 Miracles of Life Lauren Daniel Clarken Stakes Stojakovic 23/02/13 Caulfield Sportingbet Oakleigh Plate 1100 400,000 Mrs Onassis Kerrin McEvoy Gerald Ryan 2/03/13 Flemington Australian Guineas 1600 500,000 Ferlax Stephen Baster Jim Conlan 9/03/13 Flemington Lexus Newmarket Handicap 1200 1,000,000 Shamexpress Craig Newitt Danny O'Brien 9/03/13 Flemington Darley Australian Cup 2000 1,000,000 Super Cool Michael Rodd Mark Kavanagh 22/03/13 Moonee Valley Hacer Group William Reid 1200 400,000 Black Caviar Luke Nolen Peter G Moody Stakes �ACING VICTO�IA �IMITED – 2013 ANNUAL REPORT Racing snapshot 2012/13 PREMIERSHIPS (1 August 2012 to 31 July 2013) METRO TRAINER WINS COUNTRY JOCKEY WINS Peter G Moody 69 Dean Yendall 138 David Hayes 51 Brad Rawiller 131 Peter Snowden 39 Craig Robertson 78 Mick Price 39 COUNTRY APPRENTICE WINS METRO JOCKEY WINS Josh Cartwright 47 Glen Boss 65 Patrick Moloney 42 Dwayne Dunn 47 Jye McNeil 40 Luke Nolen 46 PICNIC TRAINER WINS METRO APPRENTICE WINS Paul Kramer 10 Chad Schofield 41 Kim Mayberry 9 Damien Thornton 24 Ray West 8 Jake Duffy 17 John Kilgower 7 STATE TRAINER WINS PICNIC JOCKEY WINS Darren Weir 176 Adam Bodey 35 Peter G Moody 167 Clay Beasy 18 David Hayes 128 Clayton Douglas 16 Mick Price 128 Dani Walker 16 STATE JOCKEY WINS JUMPS TRAINER WINS Brad Rawiller 166 Ciaron Maher 10 Dean Yendall 150 Robert Smerdon 8 Glen Boss 106 Jarrod McLean 7 Bill & Symon Wilde 7 STATE APPRENTICE WINS Chad Schofield 70 JUMPS JOCKEY WINS Thomas Sadler 48 Steven Pateman 22 Damien Thornton 48 Brad McLean 10 John Allen 9 COUNTRY TRAINER WINS Darren Weir 139 Peter G Moody 98 Mick Price 89 �ACING VICTO�IA �IMITED – 2013 ANNUAL REPORT Racing snapshot 2012/13 RACING STATISTICS (1 August 2012 to 31 July 2013) NUMBER OF MEETINGS CONDUCTED FIELD SIZES Country 417 Average Starters Metro 115 Country 9.78 Picnic 34 Metro 10.44 Total 566 Picnic 5.86 NUMBER OF RACES NUMBER OF TRAINERS WITH A STARTER† Races Scheduled Races Conducted 1,120 Country 3,382 3,301 Metro 936 922 NUMBER OF JOCKEYS WHO RODE† Picnic 205 205 335 Total 4,523 4,428 † Includes country, metro, picnic and trials NUMBER OF INDIVIDUAL RACE STARTERS 8,958 TOTAL NUMBER OF RACE STARTS Starters Country 32,284 Metro 9,625 Picnic 1,201 Total 43,110 2012/2013 VICTORIAN THOROUGHBRED RACING AWARD WINNERS Sky Racing World Australian Racehorse of the Year Black Caviar Scobie Breasley Medal presented by TABCORP Michael Rodd Fred Hoysted Medal Daniel Clarken Tommy Corrigan Medal Steve Pateman Victorian Metropolitan Jockey Premiership Glen Boss Victorian Metropolitan Trainer Premiership Peter Moody Victorian Jockey Premiership Brad Rawiller Victorian Trainer Premiership Darren Weir Victorian Metropolitan Apprentice Jockey Premiership Chad Schofield Bert Wolfe Media Award presented by Victoria Racing Club Patrick Bartley �ACING VICTO�IA �IMITED – 2013 ANNUAL REPORT Contents Racing Victoria Limited ACN 096 917 930 Financial report for the financial period ended 30 June 2013 Directors’ report 2 – 6 Auditor’s independence declaration 7 Independent auditor’s report 8 – 9 Directors’ declaration 10 Consolidated statement of profit or loss and other comprehensive income 11 Consolidated statement of financial position 12 Consolidated statement of cash flows 13 Consolidated statement of changes in equity 14 Notes to the financial statements 15 – 41 �ACING VICTO�IA �IMITED – 2013 ANNUAL REPORT Directors’ report The directors of Racing Victoria Limited submit herewith the annual financial report of the company for the financial period ended 30 June 2013. In order to comply with the provisions of the Corporations Act 2001, the directors’ report as follows: The names of the directors of the company during or since the end of the financial period are as follows. Robert Roulston Appointed director 4 December 2008, Deputy Chairman 8 December 2011 Chairman and Chairman 7 March 2013 Michael Caveny Deputy Chairman Appointed director 9 December 2010 and Deputy Chairman 7 March 2013 Ross Dobinson (retired 29 November 2012) Appointed 3 December 2009 The Hon Michael Duffy (retired as Chairman 7 March 2013) Appointed director 17 December 2001 and Chairman 6 December 2007 Bryan Gurry Appointed 4 December 2008 Graeme John AO Appointed 1 April 2010 David Moodie Appointed 3 December 2009 Pearse Morgan Appointed 8 December 2011 Greg Nichols Appointed 29 November 2012 Barbara Saunders Appointed 1 December 2005 Peter Sinn Appointed 4 December 2008 Bernard Saundry (Chief Executive Officer) Appointed 1 December 2012 Robert Hines (resigned as Chief Executive Officer on 30 November 2012) Appointed 11 August 2008 Mark Close (Company Secretary) Appointed 22 May 2008 SHORT AND LONG TERM OBJECTIVES AND STRATEGY The consolidated entity’s short and long term objectives, specific to Victorian thoroughbred racing, are to: a) Provide a centre of excellence b) Provide effective customer service c) Maintain high standards of integrity for racing generally d) Manage the racing calendar with optimal efficiency e) Encourage high participation levels f) Optimise economic benefits g) Meet social obligations h) Maintain independence The consolidated entity’s strategy for achieving these objectives include to encourage, develop, promote and manage the conduct of the racing of thoroughbred horses in Victoria and to do all things the Board considers to be conducive of doing so. �ACING VICTO�IA �IMITED – 2013 ANNUAL REPORT Directors’ report PRINCIPAL ACTIVITIES The consolidated entity’s principal activities in the course of the financial period were the administration of thoroughbred racing in the State of Victoria.