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103rd Annual Report of the Olympic Committee 2014 103rd Annual Report of the New Zealand Olympic Committee 2014

Contents

Executive Reports 4 President’s Report – 6 CEO & Secretary General’s Report – Kereyn Smith 8 Select, Organise and Lead Teams for Olympic and 10 Lead and Advocate in the International and Domestic Sporting Environment 12 Promote and Celebrate the Olympic Values and Legacy in New Zealand 14 Generate Revenue by Maximising the New Zealand Olympic Brand

A Year in Review 16 Lonsdale Cup 17 Participating Sports 2014 18 2014 Games Overview 20 NZOC 2014 - Year in Review

IOC and Funding 22 IOC and the Olympic Movement 24 Olympic Solidarity 25 Obituaries

Financial Reports New Zealand 26 Financial Report for 2014 Olympic Committee 27 Auditor’s Report Olympic House 28 New Zealand Olympic Committee 2014 350 Parnell Road, Parnell, 1052 Audited Financial Statements PO Box 37-774 Parnell, Auckland 1151 New Zealand T +64 9 375 0040 New Zealand Olympic Committee 2014 F +64 9 375 1510 E [email protected] 38 Staff and Stakeholders www.olympic.org.nz 103rd Annual Report All photos courtesy of Getty Images

Charities number CC31389 President’s Report - Mike Stanley President’s Report - Mike Stanley

sport. We were also delighted to continue our positive on delivering benefits to New Zealand athletes and relationship with the Hon. Minister Murray McCully who sport is clear and the results achieved throughout 2014 continues his strong relationship with New Zealand sport demonstrate this. SignificantYear as the Associate Minister for that portfolio. In particular, I’d like to acknowledge the work and Our partnership with the New Zealand government leadership of CEO and Secretary General Kereyn Smith 2014 was a significant year for the extended in 2014 to contributing to developing a unified who has successfully consolidated the organisation in New Zealand Olympic Committee approach to protecting our athletes from doping, match- Auckland and delivered the first full year of the 2013 – 2016 fixing and corruption in sport. The Working Group strategic plan effectively. on Integrity appointed by the New Zealand Olympic Committee board in 2013 proceeded with developing Finally I would like to acknowledge the outstanding galvanised the nation behind their new regulations for employees, contractors and the athletes that represented New Zealand at the Sochi achievements. Sochi 2014 and the board of the New Zealand Olympic Committee. Olympic Winter Games, the Nanjing Youth Nanjing Youth Olympic Games also saw and the Commonwealth Games. With multiple positive results. The New Zealand Olympic Integrity also remained a priority for the International medals and personal best results, their achievements Committee’s delivery of selection, organisation Olympic Committee and was included as a focus of inspired millions of New Zealanders. and leadership was also of a very high standard. Agenda 2020. This strategic roadmap for the future 99% of stakeholders said the Commonwealth of the Olympic Movement will ensure relevance and The New Zealand Olympic Committee Board is very Games team to Glasgow was effectively led, 83% credibility for the Olympic Games and wider movement satisfied with the results delivered by the New Zealand of the Olympic Winter Games team members said into the future and was supported by the New Zealand Olympic Committee in 2014. the games environment created by the New Zealand Olympic Committee. Olympic Committee added to their performance. Olympic Values and Education resources were Financial pressure remains a significant consideration for strengthened and it was pleasing to see so many young the New Zealand Olympic Committee. We supported people engage with our athletes’ inspiring stories. three costly games in 2014 while also looking ahead Mike Stanley to generate revenue for Rio 2016. The organisation While 2014 was a very positive year for the organisation, President returned a deficit of $963,163 which was within we did nonetheless mourn the loss of both Sir Tay Wilson New Zealand Olympic Committee budgeted expectations, but highlights the impact of and Amster Reedy. We acknowledge their significant the expenses incurred during the year and the need to contribution to the Olympic Movement in New 2014 was a significant year for the New Zealand push forward strongly towards 2016. While we remain Zealand and around the world. Olympic Committee. Highlights included the reliant on commercial and other partnerships for revenue successful delivery of three major games, we were delighted to secure additional funding from I would like to take this opportunity to personally the move to the new Olympic House and the HPSNZ for our games teams. This ensures we are thank the staff and board of the New Zealand consolidation of staff in Auckland. In addition, able to adequately plan and prepare for future games Olympic Committee. Their commitment 2014 saw the organisation strengthen resourcing campaigns. We were also pleased to sign a number to excellence and ongoing focus in critical areas including selection, international of new commercial partners and launch BlackGold, a and domestic advocacy, education and the new philanthropic programme delivered in partnership Athletes’ Commission. with Sport NZ and HPSNZ. Our own Olympic Council continued to grow. These are big ticket items for any organisation and the commitment, focus and drive required to achieve The New Zealand Olympic Committee, Sport NZ and these within a single year has been significant. HPSNZ are continuing to collaborate for the benefit of sports and athletes. Tangible outputs, like BlackGold High quality outputs were delivered across all four are increasingly evident. We are committed to working organisational focus areas and ensured sports and together to achieve New Zealand’s sporting objectives on athletes were able to achieve their objectives on the the world stage and ensure there is a seamless transition world’s stage and could continue to inspire pride and for athletes and support staff into the crucial Olympic and excellence in New Zealanders. Commonwealth Games performance environments.

The Glasgow Commonwealth Games were very We were delighted to welcome new Minister the Hon. Dr successful for New Zealand. Our athletes achieved Jonathan Coleman as incoming Minister for Sport and as the greatest performance of a New Zealand an organisation believe we work together to improve the Commonwealth Games team away from home and overall health and wellbeing of New Zealanders through

New Zealand Olympic Committee 103rd Annual Report 4 5 www.olympic.org.nz Year Ended 31 December 2014 CEO and Secretary General’s Report - Kereyn Smith CEO and Secretary General’s Report - Kereyn Smith

Inspiring The New Zealand Olympic Committee’s vision is to inspire pride and excellence in New Zealanders and Pride and 2014 was a year in which this vision was brought to life. Through the successful delivery of New Zealand teams to the Sochi Olympic Winter Games, Glasgow Commonwealth Games and the Youth Olympic Games in Excellence Nanjing, millions of New Zealanders shared in, and were inspired by, the achievements of our athletes. Both athletes and stakeholders rated the delivery of the high performance environments at each of the games very positively and, in Glasgow, the New Zealand team’s results equalled the highest number of medals won at an overseas games, and the nation finished 6th on the overall medal table.

The New Zealand Olympic Committee had a number of significant achievements in 2014. These included the consolidation of the New Zealand Olympic Committee operations and resources at the historic Hulme Court in Auckland, the preparation of the organisation’s integrity framework, submissions to Agenda 2020, reinvigoration of the Athletes’ Commission and an increase in activity in the Olympic Values and Education space.

Finances remain challenging for the New Zealand Olympic Committee. The three games in 2014 were particularly demanding as performance standards and expectations rise. Funding for Rio 2016 was also being sought. As a charitable not-for-profit organisation that relies heavily on commercial and other partnerships for funding we must continue to work hard to realise financial opportunities and remain focused on managing our team budgets tightly. The year finished with a deficit of $963,163 which was satisfactory and within budgeted expectations.

The organisation was effectively led by the Board of the New Zealand Olympic Committee and President Mike Stanley. We were also honoured to continue our strong and positive working relationships with IOC Members and as well as with the wider Olympic community.

As Secretary General I am delighted to present the Annual Report 2014 under our four functional areas, in accordance with our 2013 – 2016 Strategic Plan.

Kereyn Smith CEO and Secretary General New Zealand Olympic Committee

New Zealand Olympic Committee 103rd Annual Report 6 7 www.olympic.org.nz Year Ended 31 December 2014 CEO and Secretary General’s Report - Kereyn Smith CEO and Secretary General’s Report - Kereyn Smith

Select, Organise Nanjing Youth Olympic Games 2014 Sochi Olympic Winter Games 2014 and Lead New Zealand Teams to Olympic and Commonwealth Games

The New Zealand Olympic Committee’s primary focus is to select, organise and lead New Zealand teams to games. In 2014 this was brought to the fore with the successful delivery of the Sochi Olympic Winter Games, Nanjing Youth Olympic Games and Glasgow Commonwealth Games. The New Zealand Olympic Committee continued its The Sochi Olympic Winter Games was New Zealand’s work in supporting the development of pre-elite athletes most successful since Albertville 1992 and New Zealand Glasgow Commonwealth Games 2014 with the successful organisation and leadership of the was among the nations to compete in the new Olympic stakeholders said the Nanjing Youth Olympic Games Team. Held in Nanjing events in snowboard and freeski. The New Zealand Commonwealth , and led by Chef de Mission , the of 13 athletes achieved four top eight placings, including % Games Team to Glasgow games enabled 50 New Zealand athletes aged between a fourth place in the men’s freeski half-pipe. Led by Chef 2014 was effectively led 14 – 18 years, as well as their support teams, an de Mission Pete Wardell, and continuing to build-on and organised 99 opportunity to experience the complexity and pressure strong relationships and processes with Sport NZ, High of an Olympic environment. The team came home Performance Sport NZ and the Winter Performance ‘one team’ spirit, performance planning, the recruitment of with six medals, including two gold, and the young Programme, the New Zealand Olympic Committee the best team members for each role, strong operational New Zealand athletes pitted their strength and ability delivered on its commitment to create a performance- and logistical delivery and strong partnerships with against some of the best athletes in the world. With focused team environment. Post games results saw 100% NSOs, HPSNZ and Sport NZ. This enhanced approach experience in Olympic-style village accommodation, of team members state they were proud to be part of the ensured the successful delivery of the Glasgow 2014 transport systems, anti-doping programmes and other New Zealand Olympic Team, 100% said the team was Glasgow 2014 was a hugely successful games for New Commonwealth Games team. features of complex multi-sport environments, these effectively led and organised and 83% believed the games Zealand. New Zealand fielded a team of 232 athletes and athletes will be significantly better-prepared for future team environment added value to their performance. concluded with a tally of 45 medals including 14 gold, 14 Notable was the trial of the preparation and recovery area Commonwealth or Olympic Games. An Olympic culture silver and 17 bronze. This is the highest number of gold within the team environment in the athletes’ village. The and education programme led by athlete role models The Sochi Organising Committee created an athlete- medals won at a Commonwealth Games outside New learnings from this successful project will be taken forward including New Zealand Olympic gold medallist Lisa focused games environment with meticulous delivery of Zealand and equals the medal count of 2002 to Rio 2016. Carrington provided the athletes with insights into being operations and logistics. The athlete accommodation, - making this our most successful away-games ever. an elite athlete as well as opportunities to learn about competition and training venues and significant New Zealand finished 6th on the medal table, ahead of With the inclusion of both targeted and non-targeted other cultures. 94% of Nanjing team members felt the infrastructure developments put in place for the South Africa. sports within the team, adjustments were made for different environment created by the New Zealand Olympic Olympic Games were outstanding and New cultures and levels of experience and capability. Committee added value to their performance and 99% Zealand thanks the Sochi Organising Committee Led for the first time by Chef de Mission , said the team was well led and organised. for a rewarding experience for its athletes. the New Zealand Olympic Committee continued its The delivery of the Commonwealth Games by the Glasgow successful implementation of a performance-focused team Organising Committee was outstanding with smooth As the New Zealand Olympic Committee is a not-for- environment that enabled athletes to deliver on their goals running transport, operations and venues. The spirit in profit charity that relies heavily on commercial and at the Commonwealth Games. Waddell was supported by Glasgow was warm and welcoming and attendance at other partnerships for funding, the Youth Olympic a team with significant games-time experience including events was very high. We would like to thank the Organising Games team was, in part, user-funded. This had an heads of the Operations, Athlete Support, Health and Committee for a wonderful games. impact on athlete availability and selection. Other % Media Teams. issues include the four-year cycle, differences in sport Post-games, 99% of stakeholders said the team was formats, variations in competition standards and 100 With the implementation of the 2013 – 2016 Strategic effectively led and organised, 86% of athletes and support calendar clashes. said that the team to Plan, a greater allocation of resources had been dedicated staff believed the games team environment added value to Sochi was effectively to this important work area. The delivery of a high their games performance and 99% of team members said The IOC has committed to reviewing the Youth Olympic led and organised performance environment was supported by a strong they were proud to be part of the New Zealand Team. Games as part of Agenda 2020.

New Zealand Olympic Committee 103rd Annual Report 8 9 www.olympic.org.nz Year Ended 31 December 2014 CEO and Secretary General’s Report - Kereyn Smith CEO and Secretary General’s Report - Kereyn Smith

Maximising funding from Olympic Solidarity was a priority Work continued in promoting Women in Sport for the New Zealand Olympic Committee and in 2014 we governance and leadership programmes, including Lead and Advocate distributed $576,438 to New Zealand sports and athletes the Aspiring Women Olympic Leaders initiative which through this fund. Olympic Solidarity was also able to assist has now seen three retired Olympic athletes receive in the International and Domestic Sporting Environment funding the necessary alterations to Hulme Court, the new scholarships and nine benefit from the programme. home of the New Zealand Olympic Committee. This initiative has been carried out in partnership with Sport NZ. The New Zealand Olympic Committee’s unique A refined New Zealand Olympic Athletes’ Commission surveyed stakeholders mandate as a member of the International Olympic strategy was developed and implemented in 2014. Elections say New Zealand Movement is to maximise benefits for New Zealand % Olympic Committee were held after both the Sochi and Glasgow games and and New Zealand sports and athletes. We advocate delivers value to four new appointments were made. The delivery of the new for and on behalf of our athletes within both the New Zealand Sport strategy will build a stronger presence for the Commission international and domestic sporting environments. 100 and will deliver improved interaction between athletes and the New Zealand Olympic Committee. Throughout 2014 we continued to develop our strong relationships with Government Agencies Sport NZ and % % High Performance Sport NZ within New Zealand and welcomed new Sports Minister the Hon. Dr Jonathan 79said the New Zealand said72 the New Zealand Coleman. We look forward to working with Dr Coleman on promoting sport as a catalyst for a healthy and Olympic Committee Olympic Committee productive society as well as continuing to ensure was an effective is an effective leader advocate our elite athletes succeed on the world’s stage.

Integrity became a focus for the organisation. During pleased to see endorsement of changes to the Olympic 2014 the New Zealand Olympic Committee’s Integrity Movement to ensure it remains credible, relevant and Working Group developed a new framework to athlete-focused. We will continue to monitor and make strengthen the organisation’s approach to integrity. submissions on changes brought about by Agenda 2020 The Anti-Doping ByLaw was updated in line with the with particular focus on the sport programme. 2015 WADA code and a new Integrity Regulation was developed to include match fixing, betting, corruption Proactive support for New Zealand IOC Members Barry Heritage Home and athlete entourage (support staff) obligations. The Maister and Barbara Kendall was a priority. Through new regulations will be presented to the New Zealand them we maintain direct connections for our athletes, for New Zealand Olympic Committee membership in 2015 for ratification. members and ourselves to the decision-makers within Olympic Committee the IOC. We continued our active membership of the With active membership of the cross-government Association of National Olympic Committees (ANOC) Inter-Agency Working Group, the New Zealand Olympic and the Commonwealth Games Federation (CGF). Committee contributed to a sports-wide push to shore up New Zealand’s sporting and legal structures against New Zealand also contributed to the strategic review the threats of doping. We were delighted to see the of the Commonwealth Games Federation, including In April 2014 the New match-fixing legislation pass through Parliament and look proposing changes to the governance structure and Zealand Olympic Committee forward to ongoing work in this area. reviewing the sports programme. The new direction will be moved its head office to the historic announced in Auckland in September. Hulme Court in Parnell. Built in 1843, As IOC President Thomas Bach entered his second Hulme Court is Auckland’s oldest residence, year at the helm of the IOC, work progressed with the Within New Zealand, work continued on programmes to still on its original site. The new Olympic House review of the International Olympic Movement and bring key influencers in the world of sport to New Zealand. provides a single office space for the New Zealand Olympic Games. Known as Agenda 2020, the process We hosted a delegation from the Japanese Olympic Olympic Committee staff, previously split between addressed three major themes: sustainability, credibility Committee on the subject of Athlete Entourage and IAAF Auckland and , and ample meeting rooms and youth. Along with the IOC Membership, International vice-president Lord Sebastian Coe and IOC President are available for National Sporting Organisations and Federations and international experts, the New Thomas Bach were confirmed for visits in 2015. Planning other partners to use. The consolidation of all New Zealand Olympic Committee actively participated in the for the Commonwealth Games Federation General Zealand Olympic Committee staff in Auckland was submission process, representing New Zealand sports Assembly in 2015 was progressed in partnership with also completed in 2014. The New Zealand Olympic and athletes. Agenda 2020 was passed in December Sport NZ as was planning for a possible bid to host an Committee acknowledges the contribution of the of 2014 and the New Zealand Olympic Committee was IOC Session in 2021. Olympic Solidarity to this relocation project.

New Zealand Olympic Committee 103rd Annual Report 10 11 www.olympic.org.nz Year Ended 31 December 2014 CEO and Secretary General’s Report - Kereyn Smith CEO and Secretary General’s Report - Kereyn Smith

Organisational written archives gifted to Alexander Turnball Library in perpetuity Legacy and the Olympic Museum Promote and The major changes proposed in the 2013 – 2016 New Zealand Olympic Statement of Purpose regarding the 133 Olympic Ambassador delivery of legacy were implemented in 2014. visits took place in 2014 Celebrate The physical museum had been closed in 2013 and Olympic Values and Legacy in New Zealand with a 100% satisfaction throughout 2014 the valued items of the collection were rating from schools gifted to a variety of national and regional institutions. The Alexander Turnbull Library in Wellington received the The opportunity to connect with New Zealanders During the Glasgow paper archives of the organisation along with the Arthur through the Olympic Winter, Olympic Youth and Commonwealth Games Olympic Values and Education Lydiard and Collections and photographs of Commonwealth Games in 2014 was maximised by there were a total of 48.1 million impressions across New Zealand’s Olympic and Commonwealth Games the New Zealand Olympic Committee in 2014. New Zealand Olympic Committee social channels and Olympic Values and Education is a high priority area. teams throughout history. More than 3,000 books and 400,000 weekly instances of engagement. publications were gifted to the University of Canterbury The “Making Us Proud” campaign continued as the The Olympic Ambassador and ANZ Olympic Schools Library and the Canterbury Museum received the 1974 backbone of our marketing and communications activity Sochi 2014 also saw our social channels grow and for programmes were enhanced during 2014 as part of the Commonwealth Games collection. The with specific activation developed for each games Nanjing, along with www.olympic.org.nz, was a core implementation of the new organisational strategy. A part- Auckland Museum now hosts the 1950 and 1990 campaign. “Making us Proud” was expressed through means of communication with family, friends and other time staff member was employed in Education in the early Commonwealth Games collections. social media, the New Zealand Olympic Committee below- stakeholders of the pre-elite athletes. part of the year and by December had been confirmed the-line communications and within the Athletes’ Villages. to increase to full-time to work in this area. The increased Olympic House, at its new home at Hulme Court in Proud New Zealanders also travelled to the three resource will strengthen our ability to deliver value to Auckland, now holds the New Zealand Olympic and Tailored solutions for maximising mainstream media games delivered by the New Zealand Olympic young New Zealanders. Commonwealth Games team uniforms collections, three- coverage were developed for each games including the Committee in 2014. 8,000 tickets were sold to dimensional memorabilia, posters and historic photographs. production of daily press releases for both Sochi and approximately 2,000 supporters who travelled to At the close of 2014 1240 primary schools had registered These items will be available to be loaned out to various Nanjing and detailed media operational plans for Glasgow Glasgow for the Commonwealth Games. 70 friends and to use Olympic Education in Schools Resources and 716 organisations and institutions as well as be displayed 2014. Mainstream media accounted for a cumulative family members attended the Nanjing Youth Olympic schools had registered as ANZ Olympic Schools. on-site at Olympic House. audience of 99 million for Glasgow 2014 and New Games and a small number of family members joined Zealand’s rights holding broadcaster SKY reached millions the team for the Sochi Olympic Winter Games. 133 Olympic Ambassador visits took place in 2014 with a The Olympians Club continued their work under the of New Zealanders through its comprehensive broadcast. 100% satisfaction rating from schools. leadership of Chair . Their vision is to It was through the overwhelmingly positive stories New Zealand Olympic Committee partnerships provide ongoing opportunities for Olympians to celebrate produced by the New Zealand media that New Zealanders were an additional channel through which New Through these visits primary and secondary students their Olympic experience and continue their involvement were inspired by the achievements of our athletes. Zealanders engaged with New Zealand Olympic and learn about the Olympic values what it takes to excel in the Olympic movement. They support the work of the Commonwealth Games campaigns. VW, Samsung, on the world’s stage. Surveys report that after Olympic NZOC and liaise with the World Olympians Association. In In the build up to Glasgow and Sochi a comprehensive Mons Royale (for Sochi 2014) and the prominent ANZ Ambassador visits 97% of students said they were 2014, 300 Olympians attended Club events. The 13 Sochi and proactive approach was taken to ensuring media Homegrown Heroes campaign saw Commonwealth motivated to set goals and 91% of teachers were Olympians received their Olympic pins and New Zealand had access to athletes through opportunities developed Games team athletes supported by hundreds of motivated to continue and enhance their involvement in Olympians now total 1245. around team selection timings, as well as gathering of friends and family members, cheering from the the Olympic Values Education programme. athlete bios, portrait sessions and open days for media. stands as they competed. The Olympians Club is now working with the NZOC Smaller sports benefited considerably from this proactive Work began on reviewing online resources and their to establish a new operating model for the future. approach and 100% of selection announcements were The New Zealand Club at the Radisson Blu in Glasgow, delivery mechanisms and will be a major project covered in the media. All sports received coverage during hosted with partners House of Travel, Mt Difficulty throughout 2015. the games. Vineyard, Moa Beer, ANZ Bank, SKY and Volkswagen, was the home away from home for the more than 2000 95% of athletes and support staff reported that interaction kiwi supporters in Glasgow. Visitors to the New Zealand with the media did not negatively impact their performance Club watched the New Zealand SKY feed, met the at the Commonwealth Games. medalists and were entertained by Hollie Smith. The NZ Club was also a key element in the hosting of more Social media continued to grow strongly throughout than 60 VIPs in Glasgow, including members of the NZ , 99MILLION 50000 Cumulative audience of 99 million school students with opportunity 2014 as our key channel to market. The Making us Proud Olympic Council, Sport NZ representatives, the Minister to connect to athletes via Olympic New Zealanders via TV, radio, print and messaging was themed throughout all posts and featured of Sport and our Patron, His Excellency the Rt Hon Sir Ambassador programme online news during Glasgow 2014 (iSentia) strongly in public commentary. Jerry Mateparae, Governor General of New Zealand.

New Zealand Olympic Committee 103rd Annual Report 12 13 www.olympic.org.nz Year Ended 31 December 2014 CEO and Secretary General’s Report - Kereyn Smith CEO and Secretary General’s Report - Kereyn Smith

Acknowledgement and Thanks

As CEO and Secretary General it was my great delight to lead the team through a significant and challenging year that was Generate ultimately successful, delivering strong results across all areas of the organisation. I would like to acknowledge the significant contribution of the New Zealand Olympic Committee Board, led by President Mike Stanley. I would also like to personally thank Revenue the staff for their efforts, the IOC, ONOC, HPSNZ, Sport NZ and, most importantly, the athletes of the Sochi Olympic by Maximising the Winter Games, Glasgow Commonwealth Games and New Zealand Olympic Brand Nanjing Youth Olympic Games for making us proud and inspiring New Zealanders to excel.

Through revenue generation the New Zealand The International Olympic Committee signed a new Olympic Committee works to create a agreement with Bridgestone and we look forward to sustainable revenue stream to enable the developing a relationship with this company leading up delivery of its vision to inspire pride and to Rio and on to Tokyo 2020. excellence in New Zealanders. The New Zealand Olympic Council is the New Zealand Kereyn Smith With three major games taking place in 2014, Olympic Committee’s philanthropic programme. Activity CEO and financial pressure on the organisation was significant. in this programme expanded into the West Coast of the Secretary In addition, building resources for Rio in 2016 was United States during 2014 and now has a total of 43 General a priority. members. The New Zealand Olympic Committee also partnered with Sport NZ to develop BlackGold which The 2014 year resulted in a deficit of $963,163 which works with benefactors, including members of the New was $1.293 million down on the previous year. Zealand Olympic Council, on specific projects that will benefit New Zealand sport. This result was due to a games net loss of $1.328 million of which Glasgow Commonwealth Games accounted for $1.060 million dollars. Net assets are $1.271 million. Cash reserves (excluding the $500,000 fund) are $1.018 million. new commercial FOUR partnerships signed While the overall result was a net loss, the amount was as per budget and directly due to the financial cost of delivering games.

Four new commercial partners were signed up including Avanti, Countdown, Mt Difficulty Wines $ and Nutriacare. While Nutriacare was a games specific partner (Nanjing), Countdown, Avanti and Mt Difficulty will continue their relationship with the New 8.987M Operating income Zealand Olympic Committee through to Rio 2016. Positive relationships and activation programmes continued with longer-held partners including ANZ, Samsung and Moa Beer. $ We would like to thank our New Zealand Commercial partners, our Olympic TOP partners, the New 963,163 Zealand Community Trust, Southern Trust and the Deficit Edgar Foundation for their ongoing support.

New Zealand Olympic Committee 103rd Annual Report 14 15 www.olympic.org.nz Year Ended 31 December 2014 Lonsdale Cup 2014 Participating Sports 2014

Lonsdale Cup 2014 Participating Sports 2014 Thanks to the 296 athletes and 35 National Sporting Organisations that made New Zealand proud at Glasgow, Sochi and Nanjing in 2014 IAAF (International Association of Athletics Since then it has been awarded to outstanding New Foundations) world female athlete of the year Zealand athletes including Sir , Sir Peter Glasgow 2014 Nanjing 2014 Basketball New Zealand was once again the winner of the Snell, Barbara Kendall and Rob Waddell. Equestrian Sports New Zealand New Zealand Olympic Committee’s Lonsdale Cup. Bowls New Zealand Fencing New Zealand The Cup is sterling silver and of historic value, having Boxing New Zealand GymSports New Zealand (Previously Bike NZ) Hockey New Zealand Adams secured the prestigious award for an its origins in a 1911 sporting festival between the Diving New Zealand New Zealand Golf unprecedented fifth time after remaining unbeaten United Kingdom, Canada and Australasia held to GymSports New Zealand New Zealand Olympic Wrestling Union throughout 2014, taking gold at both the World Indoor honour the accession of George V. Hockey New Zealand NZ Canoeing Federation Championships and the Commonwealth Games as Judo Federation New Zealand New Zealand New Zealand well as securing her position as overall winner of the The Lonsdale Cup winner was selected by New Zealand Olympic Wrestling New Zealand for the fourth consecutive time. New Zealand Olympic Council (business and Table sporting leaders) and the New Zealand Olympic New Zealand Shooting Federation Triathlon New Zealand Olympic Weightlifting New Zealand Volleyball New Zealand The award goes to the athlete or team who made Committee Board. the most outstanding contribution to Olympic or Commonwealth sport in the preceding year. Adams is the first person to win the Lonsdale Cup five times. Table Tennis New Zealand Triathlon New Zealand

Adams also had a record 56 wins in the Diamond Sochi 2014 232/13/51 19/3/15 League and was the flag bearer for the New Zealand Ice Speed Skating Federation of NZ New Zealand Sporting Commonwealth Games Team in Glasgow. NZ Bobsleigh and Skeleton Association Athletes Organisations Snow Sports NZ The New Zealand Olympic Committee noted Adams’ commitment to youth and sport as well as her performance on the field.

Adams won the Lonsdale Cup in 2006, 2007, 2011 and 2013 and was the first person to be awarded the award for a third, fourth and fifth time. Yvette Williams The Cup was first presented in 1961 to Sir . Scholarship

The inaugural Yvette Williams Scholarship was The Scholarship was created due to a very generous awarded to sailors and Jason donation of $500,000 by Sir Owen Glenn through Saunders to the value of $15,000 to support them the Glenn Family Foundation. The parameters for on their journey to the Rio Olympic Games in 2016. awarding the scholarship have been endorsed by The scholarship will go towards the purchase of the New Zealand Olympic Committee Board on campaign equipment. recommendation from the Sport Funding Committee. We thank Sir Owen for his generous donation. The Yvette Williams Scholarship is awarded annually to an athlete or team that demonstrates the same qualities as Yvette displayed as an athlete - hard work and determination - to excel in their chosen sporting field.

New Zealand Olympic Committee 103rd Annual Report 16 17 www.olympic.org.nz Year Ended 31 December 2014 The Games at a glance The Games at a glance

Number of Competing Athletes 2014 Games Where our Athletes come from within 2800 Total Athletes New Zealand 13 NZ Athletes Overview 3500 Total Athletes 51 NZ Athletes

1 Athlete 4500 Total Athletes 232 NZ Athletes 1 Athlete

30 Athletes Glasgow 2014 Sochi 2014 Nanjing 2014 Commonwealth Winter Olympic Youth Olympic Games Games Games

New Zealand audience 30 Athletes via TV, radio, print and online news

80 Athletes

February 7–23 July 23 – August 3 August 14–28 Facebook games time impressions

Athletes said they were proud to be part of the team 80 Athletes

Number of Medal Events FOUR TOP EIGHT New Zealand Facebook weekly engaged users FINISHES Total Medals 98

Medal Count 45 6 Flagbearers 2 Gold 14 Gold Opening 261 Facebook impressions 1 Silver 14 Silver Closing 28 3 Bronze 17 Bronze Shane Dobbin Jossi Wells Valerie Adams Gabrielle Fa'amausili New Zealand Olympic Committee 103rd Annual Report 18 19 www.olympic.org.nz Emily Fraser Year Ended 31 December 2014 NZOC 2014 - Year In Review Emily NZOC 2014 - Year In Review Fraser Equestrian Individual David Jumping Nyika Sophie GOLD Boxing Pascoe 81kg - Men’s Swimming GOLD 200m Individual Medley - Women’s GOLD

Shane Dobbin 10000m Speed Skating - Men’s 2,000 New Zealanders attended the Glasgow Commonwealth Games Shelly Gotlieb, Stefi Luxton, Christy Prior and Rebecca Torr

Sam Dylan Dickson Schmidt 83% Rugby 51New Zealand athletes Trampoline said NZ Team Sevens - Men’s Individual - Men’s SILVER environment added to 14–18 year olds GOLD their performance Sochi 2014 Winter Olympics 6 medals Nanjing 2014 Summer Youth Olympic Games New Zealand Olympic Committee 103rd Annual Report 20 21 www.olympic.org.nz Year Ended 31 December 2014 IOC and the Olympic Movement IOC and the Olympic Movement

better and more peaceful world through sport. Together Barry was appointed to the Coordination they will call for respect and autonomous organisation Commission for the Olympic Winter Games in for sport and a range of initiatives to promote social PyeongChang in 2018 and the Bid Evaluation IOC and integration and economic development. Honorary IOC Commission for the 2022 Olympic Winter Games. President Jacques Rogge was appointed Special Envoy He continues work on the coordination commission of the Secretary General for Youth Refugees and Sport. for the Youth Olympic Games 2018 as well as the Sport Programme Commission. He also sits on the Olympic Demonstrating the IOC’s commitment to the fight Education Commission for WADA and the IOC. against anti-doping, corruption and illegal sports betting, President Bach signed an MOU with Interpol whose The IOC also marked the loss of honorary IOC resources extend to cross-border investigation and Member from New Zealand, Sir Tay Wilson. Movement intelligence gathering. In parallel to this MOU, the IOC’s The IOC continues to have a strong financial new Integrity Betting Intelligence System (IBIS) became foundation with revenue growing steadily towards The IOC took significant steps in 2014 to ensure the Reporters. From New Zealand (Athlete operational in time for the Sochi Olympic Games. USD5 billion forecast for the period 2013 – 2016. organisation would continue to build a better and Role Model), Ashlee Tulloch (Young Reporter) and more peaceful world through sport. Renee Hannah (Young Ambassador) took part. The Sochi Olympic Games testing programme was The growth stems from ongoing increases in significantly expanded with 57% more tests carried out the sale of broadcast rights and international President Thomas Bach, in his first full year as leader of Agenda 2020 is the new strategic roadmap for the compared to the Vancouver Olympic Games in 2010. sponsorship of the IOC (TOP programme). These the international organisation, oversaw the ratification Olympic Movement that will help ensure the Olympic increases enable the IOC to distribute more support of Agenda 2020, greater measures to ensure the Games and its legacy, values and development Working in conjunction with WADA, the IOC built on for athletes and sport around the world, through protection of clean athletes and the signing of an programmes remain relevant into the future. It was the USD10 million anti-doping fund it established in Olympic Solidarity. As the IOC continues to return historic agreement with the UN. Bid cities, Almaty, developed throughout the course of 2014 during which late 2013 through contributions from governments and 93% of its revenue to sport, securing 10% for its Kazakhstan and , China, were confirmed as input from National Olympic Committees, including New anti-doping agencies around the world. New Zealand own operating costs, Olympic Solidarity is budgeted candidates for the 2022 Olympic Winter Games and Zealand, International Federations, athletes and outside contributed USD20,000. to distribute USD438 million to sports and athletes two games were successfully delivered in collaboration experts was sought. in the period 2013 – 2016. with the host cities of Sochi, Russia and Nanjing, China. New Zealand IOC Members Barry Maister and Among the 40 recommendations that were presented Barbara Kendall continued their proactive work within The New Zealand Olympic Committee will look The Sochi Olympic Winter Games saw over 2,800 to the IOC Membership for ratification were changes the international Olympic Movement, this year with forward to hosting IOC President Thomas athletes compete in 98 sports. 88 National Olympic to the Olympic Games bidding process, a move to additional contributions made to the Agenda 2020 Bach in May 2015. Committees, including six for the first time, took part. an event-based, rather than sport-based programme working groups. Women accounted for 40% of athletes. There were for the Olympic Games, the launch of an Olympic record numbers of media in attendance and coverage Television Channel to fully connect with the digital age, Barbara continued her lead role in the Athlete Career reached 2.1 billion people around the world. Social possible revisions to the Youth Olympic Games format, Programme within Oceania and ANOC. She continued media engagement with Olympic channels grew to and the protection of clean athletes and securing their to sit on the Women in Sport Commission, the Sport and 37 million. The host city of Sochi was transformed place at the heart of the Olympic Movement. Environment Commission and the Athletes’ Commission. into an elite training centre and an attractive summer and winter destination for domestic and international The recommendations were unanimously passed at tourists. These significant improvements to the city’s the 127th IOC session held in Monaco in December infrastructure will benefit its citizens, the host nation and and have been supported by the New Zealand Olympic the athletes of Russia into the future. Committee. Working plans will now be developed and the New Zealand Olympic Committee will continue The second edition of the Youth Olympic Games took to monitor progress and provide input. Of particular place in Nanjing, China in August. 204 National Olympic interest are the expected changes to the Olympic Committees took part, represented by 3,524 athletes programme that will take place from 2020. The New aged 14 - 18. New events featured at innovative sports- Zealand Olympic Committee urges National Sporting lab including sports climbing and skateboarding on the Organisations to remain engaged in this process field of play athletes competed in new format events for through both the New Zealand Olympic Committee and example 3 x 3 basketball, providing valuable learnings through International Federations. The review process for future editions of the Olympic Games. A total of 201 for the Youth Olympic Games will also be monitored events in 26 sports took place. The important Culture with interest. and Education programme also gave young athletes an opportunity to experience the Olympic Values and The agreement between the IOC and the UN, signed learn from the experiences of athletes that have gone in April 2014, will strengthen collaboration between the before them. Programmes were also developed for two organisations and its signing confirmed the two Athlete Role Models, Young Ambassadors, and Young organisations mutual interest in contributing to a

New Zealand Olympic Committee 103rd Annual Report 22 23 www.olympic.org.nz Year Ended 31 December 2014 Olympic Solidarity Obituaries

Olympic Solidarity Obituaries

The International Olympic Committee is a Olympic Solidarity Recipients 2014 significant funder of sport around the world. The New Zealand Olympic Committee lost two significant members of its Olympic family in 2014. Olympic 2014 Honorary IOC Member and former Secretary General Sir Tay Wilson and kaumatua Amster Reedy More than 93% of revenue earned through the sale of $ both passed away during the year. We honour them here. Olympic broadcast rights is channelled into sport and Solidarity Funds dispersed 576,438 athlete development. In the 2013-2016 quadrennial this to Sporting Organisations will amount to USD 438 million. 576,438

Athlete Sochi 2014 334,278 $334,278 Scholarships NZ Olympic Wrestling 13,270 Canoe Racing NZ 5,216 Women in Sport 33,743 New Zealand is a recipient of Olympic Solidarity Synchronised Swimming NZ 12,433 funding. In 2014 the New Zealand Olympic Committee distributed $576,438 to support our sports and Biathlon NZ 1,915 athletes. 58% of this funding was allocated to Sochi Ice Speed Skating NZ 19,231 Olympic Winter Games athletes as scholarship funds. NZ Ice Hockey Federation 6,420 A number of Commonwealth Games athletes and Triathlon NZ 1,200 sports received funding in their build-up to Glasgow Rio 2016 - Rowing NZ 23,341 Amster Reedy Sir Tay Wilson KNZM, OBE 2014 and others to assist in their longer term Rio 2016 Rio 2016 - Athletics NZ 5,910 campaigns. Amster Reedy was a kaumatua, leader and Sir Tay Wilson, KNZM, OBE was a strong advocate Cycling NZ 610 inspiration to the New Zealand Olympic family. of athletes with a background in both sport and The IOC also provided an additional USD80,000 to NZ Rugby Womens 7’s 33,662 He was an integral part of the development of the business. Sir Tay played a significant role in New assist the New Zealand Olympic Committee in its move Table Tennis NZ 13,979 One Team, One Spirit approach that was born Zealand sport and the Olympic Movement throughout to its new headquarters at Olympic House in Parnell Basketball NZ 17,153 out of the 2004 Olympic Games. It was an his lifetime as an administrator, athlete and leader. and to ensure the organisation’s legacy was preserved. approach that placed athletes first, that instilled Hockey NZ 47,594 ONOC contributed USD60,000. pride in New Zealand, respect for others in the team Notably, Sir Tay led a small group of New Zealand GymSports NZ 5,125 and respect for the people of the host nation. athletes to the 1980 Olympic Games, after The New Zealand Olympic Committee would like to Fencing NZ 1,358 These values remain with the New Zealand Olympic a government-led boycott. With Sir Tay as Chef de thank the IOC and ANOC for its ongoing and Commonwealth Games teams today. Mission, this team of just four athletes marched into support of New Zealand sports, athletes the Moscow stadium under the Olympic rings and and legacy programmes through Traditions including the use of Te Mahutonga (the fern emblem rather than the New Zealand flag. Olympic Solidarity. Maori cloak worn by Olympic flag bearers) and the presence of the Mauri Stone (pounamu touch stone) After the Moscow 1980 Olympic Games, Sir Tay were developed under Reedy’s guidance. went on to become deputy Chef de Mission of the Reedy was a member of the support team at New Zealand team at Los Angeles 1984 before being the Olympic Games in Athens 2004 and Beijing made Secretary General of the New Zealand Olympic 2008 and at the 2006 and 2010 Committee in 1985, a position he held until 1990. Commonwealth Games. Sir Tay was was elected to the IOC in 1988 and Born in Gisbourne in 1943, he remained an active remained an honorary member until his death. He member of the Olympic family until his death at also served New Zealand sport through his work with age 70. the Association of National Olympic Committees, Oceania Association of National Olympic Committees and the Commonwealth Games Federation.

Sir Tay, who was born in Fielding in 1925, was 89.

New Zealand Olympic Committee 103rd Annual Report 24 25 www.olympic.org.nz Year Ended 31 December 2014 CFO Report for 2014 CFO Report for 2014 The 2014 year resulted in a deficit of ($963k), which was $1.293M down on last year. This was due The 2014 year resulted in ato deficit a Games of ($963k), loss of $1.328M.which was Glasgow $1.293M Commonwealth down on last year. 2014 This games was wasdue $1.060M of this loss. Net to a Games loss of $1.328M.assets Glasgow are $1.271M.CFO Commonwealth Report Cash for reserves 20142014 games (excluding was $1.060M the Yvette of Williamsthis loss. $500k Net Fund) are $1.018M. assets are $1.271M. Cash reserves (excluding the Yvette Williams $500k Fund) are $1.018M. The 2014 year resulted in a deficit of ($963k),Income $8.987Mwhich was up $1.293M $4.455M down due onto lastGlasgow year. Thisgames was and due more Sponsors to a GamesIncome loss of $1.328M.$8.987M upGlasgow $4.455M Commonwealth due to Glasgow 2014 games games and was more $1.060M Sponsors of this loss. Net assets are $1.271M.CFO Report Cash forNZOC reserves 2014 Operating (excluding Income the Yvetteof $8.987M Williams includes $500k Games Fund) income,are $1.018M. Sponsorship monies, funding from NZOC Operating Income ofInternational $8.987M includes Olympic Games Committee, income, Association Sponsorship Olympic monies, Committee, funding from Oceania Olympic Committee The 2014 year resulted inInternational a deficit of ($963k), IncomeOlympic which $8.987MCommittee,and was upCharitable $1.293M Association$4.455M downTrusts. due Olympic onto Games lastGlasgow year.Committee, income Thisgames makeswas Oceania and due up more 56% Olympic Sponsors of our Committee total income. to a Games loss of $1.328M.and CharitableGlasgow Commonwealth Trusts. Games 2014income games makes was up $1.060M 56% of our of this total loss. income. Net assets are $1.271M. CashNZOC reserves Operating (excluding Income the Yvetteof $8.987M Williams includes $500k Games Fund) income,are $1.018M. Sponsorship monies, funding from CFO Report for 2014 9% 5% 2% Auditor’s Report International Olympic Committee, Association9% Olympic5% Committee,2% Oceania Olympic Committee Income $8.987Mand upCharitable $4.455M Trusts. due to Games Glasgow income games makes and up more 56% Sponsors of our total income.

NZOC Operating Income of $8.987M includes Games income, Sponsorship monies, funding from BDO Auckland 9% 5% 2%21% International Olympic Committee, Association Olympic Committee,21% Oceania Olympic Committee and Charitable Trusts. Games income makes up 56% of our total income. 38% 38% INDEPENDENT AUDITOR’S REPORT 5% 21% Financial9% Report2% 1% TO THE MEMBERS OF 1% 5% NEW ZEALAND OLYMPIC COMMITTEE INCORPORATED 5% 1% 38% 1% 21% 11% for 2014 1% 11% 7% Report on the Financial Statements 7% 5% We have audited the consolidated financial statements of New Zealand Olympic Committee Incorporated The 2014 year resulted in a deficit of ($963k), which was $1.293m down Charitableon last Trustsyear. $446,147This was due Edgar Olympic Foundation $151,610 and its subsidiaries (together referred to as “the Group”) on pages 28 to 37, which comprise the Charitable Trusts $446,147 1% 38% Edgar Olympic Foundation $151,610 to a Games loss of $1.328m. Glasgow Commonwealth Games 2014 was Games$1.060m - Glasgow of this $3,426,021 loss. Net Games - Nanjing $627,622 consolidated statement of financial position as at 31 December 2014, and the consolidated statement of Games - Glasgow $3,426,021 11% Games - Nanjing $627,622 changes in equity, and consolidated statement of financial performance for the year then ended, and a assets are $1.271m. Cash reserves (excluding1% the Yvette Williams $500k Fund) are 7%$1.018m. Games - Sochi $1,011,233 High Performance Sport NZ - Selection $112,500 summary of significant accounting policies and other explanatory information. 5% Games - Sochi $1,011,233 High Performance Sport NZ - Selection $112,500 Charitable Trusts $446,147 IOC - SolidarityEdgar & travel Oly $388,358mpic Foundation $151,610 Licensing & Merchandising $25,158 Income $8.987m up $4.455m due1% IOC - SolidarityExpenses & travel $388,358 $9.950m upLicensing $5.748m & Merchandising due to $25,158 This report is made solely to the Members, as a body, in accordance with the Constitution of New Zealand to Glasgow Games and additional Games - GlasgowGlasgow $3,426,021 investmentMembership feesGames $7,650 - Nanjing $627,622 Museum funding $99,388 11%Membership fees $7,650 Museum funding $99,388 Olympic Committee Incorporated. Our audit has been undertaken so that we might state to the Members Games - Sochi7% $1,011,233 Sponsors and FundraisingHigh Performance $1,914,840 Sport NZ - SelectionIOC $112,500 Sponsor $774,872 commercialCFO partners Report for 2014CFO ReportSponsors for 2014 and Fundraising $1,914,840 IOC Sponsor $774,872 those matters we are required to state to them in an auditors’ report and for no other purpose. To the IOC - SolidarityNZOC & travel Operating $388,358 ExpensesInterest Received at Licensing$9.950m $1,777 & M includeerchandising all $25,158 fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Trusts $446,147 Interest ReceivedEdgar $1,777 Olympic Foundation $151,610 Members, as a body, for our audit work, for this report, or for the opinions we have formed. As a not-for-profit charity the New Zealand OlympicMembership Gamesfees $7,650 costs, staff costs, OlympicMuseum Ambassadors, funding $99,388 The 2014 year resultedThe 2014in a deficit year resultedof ($963k), inGames a which deficit - Glasgow was of $3,426,021($963k), $1.293M which down was on last $1.293M Gamesyear. - ThisNanjingdown was $627,622on lastdue year. This was due Committee is heavily reliant upon our commercial travel and accommodation, premise costs, marketing to a Games loss of to$1.328M. a Games Glasgow loss of $1.328M.Commonwealth Glasgow wasSponsors $1.060M 2014 and Fundraising games of this was$1,914,840 loss. $1.060M Net of thisIOC Sponsorloss. Net $774,872 Board’s Responsibility for the Financial Statements assets andare other$1.271M. funding Cash partnersGames reserves - Sochiwhich $1,011,233 (excluding provide 37% the of Yvetteour Williamscosts,High Performance legal $500k expenses, SportFund) NZ -computer, areSelection $1.018M. $112,500 website. assets are $1.271M. Cash reserves (excluding the Yvette Williams $500kInterest Fund) Received are $1,777 $1.018M. The Board are responsible for the preparation and fair presentation of these financial statements in IOC - Solidarity & travel $388,358 Licensing & Merchandising $25,158 income. We thank them for their ongoing support. 64% of our expensesExpenses relates to 2014 direct $9.950M Games up $5.748M due to Glasgow investment accordance with generally accepted accounting practice in New Zealand and for such internal control as Income $8.987MWe wouldupIncome $4.455M also $8.987Mlike duetoMembership acknowledge to up Glasgow $4.455M fees $7,650 increases games due to andExpenses Glasgow more expenditure,Sponsors games2014Museum $9.950M funding and which $9more9,388 up varies Sponsors$5.748M year on due year. to Glasgow investment the Board determine is necessary to enable the preparation of consolidated financial statements that are in funding from HPSNZ which grew this year to NZOC Operating Expenses at $9.950M include all Games costs, staff costs, Olympic Ambassadors,free from material misstatement, whether due to fraud or error. Sponsors andNZOC Fundraising Operating $1,914,840 ExpensesIOC at Sponsor$9.950M $774,872 include all Games costs, staff costs, Olympic Ambassadors, NZOC Operating IncomeNZOC of $1.512mOperating $8.987M (17%) Income includes in 2014 of Games $8.987Mtowards income, Games includes costsSponsorship Games and income, monies,travel Sponsorship funding& accommodation, from monies, fundingpremise from costs, Marketing costs, legal expenses, computer, website. CFO Report for 2014 Interest Receivedtravel $1,777 & accommodation, premise costs, Marketing costs, legal expenses, computer, website. International OlympicInternational Committee,selection. Olympic Association HPSNZ Committee, funding Olympic and Associationgames Committee, expenses Olympic Oceania Expensesvary Committee, Olympic64% 2014 of Committee $9.950MourOceania expenses Olympicup $5.748M relates Committee todue Games to Glasgow expenditure, investment which varies year on year. Auditor’s Responsibility 64% of our expenses relates to Games expenditure, which varies year on year. Our responsibility is to express an opinion on these financial statements based on our audit. We and Charitable Trusts.and Games Charitableeach incomeyear, Trusts. according makes Games to up games 56% income schedules.of our makes total upincome. 56% of our total income. The 2014 year resulted in a deficit of ($963k), which was $1.293M downNZOC on last Operating year. This Expenses was due at $9.950M include all Games costs, staff costs, Olympic Ambassadors, conducted our audit in accordance with International Standards on Auditing (New Zealand). Those to a Games loss of $1.328M. Glasgow Commonwealth 2014 games was $1.060M of this loss. Net standards require that we comply with ethical requirements and plan and perform the audit to obtain travel & accommodation,5% premise costs, Marketing costs, legal expenses, computer,1% 9% website. 9% 5% 9% 2% 1% reasonable assurance about whether the financial statements are free from material misstatement. assets are $1.271M. Cash reserves (excluding the Yvette Williams $500k64%2% Fund) of our are expenses $1.018M. relates to Games expenditure, which9% varies year13% on year. Expenses 2014 $9.950M up $5.748M due to Glasgow13% investment 4% 4% Income $8.987M up $4.455M due to Glasgow games and more Sponsors An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in NZOC Operating Expenses at $9.950M include all Games costs, staff costs, Olympic Ambassadors, the financial statements. The procedures selected depend on the auditor’s judgment, including the travel & accommodation,21% premise costs, Marketing costs, legal expenses, computer,1% 9% 9%website. NZOC Operating Income of $8.987M includes Games21% income, Sponsorship monies, funding from 9% 13% assessment of the risks of material misstatement of the financial statements, whether due to fraud or 64% of our expenses relates to Games expenditure, which varies year on year. error. In making those risk assessments, the auditor considers internal control relevant to the entity’s International Olympic Committee, Association Olympic Committee, Oceania Olympic Committee 4% preparation and fair presentation of the financial statements in order to design audit procedures that and Charitable Trusts. Games income makes up 56% of our total income. 38% 38% are appropriate in the circumstances, but not for the purpose of expressing an opinion on the 1% 9% 9% effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of 1% 1% 13% 13% 5% accounting policies used and the reasonableness of accounting estimates, as well as evaluating the 9% 2% 13% 4% 5% 5% overall presentation of the financial statements. 45% 1% 1% 45% We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for 11%9% 6% 11% 13% our audit opinion. 21% 7% 7% 6%

Charitable Trusts $446,147 Charitable Trusts $446,147Edgar Olympic Foundation $1Edgar51,610 Olympic Foundation $151,610 45% In addition to audit services, our firm provides other services in the areas of taxation advice and software Games - Glasgow $3,426,021Games - Glasgow $3,426,02138%Games - Nanjing $627,622 Games - Nanjing $627,622 Corporate Services $940,005 Education & Legacy $348,942 Games - Glasgow 2014 $4,486,422implementation assistance. We have no other relationship with or interests in the New Zealand Olympic Corporate Services $940,005 6%Education & Legacy $348,942 Games - Glasgow 2014 $4,486,422 13% Committee Incorporated. Games - Sochi $1,011,233 Games - Sochi $1,011,233High Performance Sport NZ High- Selection Performance $112,500 Sport NZ - SelectionGames - $112,500Nanjing 2014 $622,224 Games - Sochi 2014 $1,284,577 Marketing $915,653 1% Games - Nanjing 2014 $622,224 Games - Sochi 2014 $1,284,577 Marketing $915,653 IOC - Solidarity & travel $388,358IOC - Solidarity & travel $388,358Licensing & Merchandising $25,158Licensing & Merchandising $25,158Staff45% costs $1,297,760 Depreciation $54,756 Opinion 5% Staff costs $1,297,760 Depreciation $54,756 Membership fees $7,650 Museum funding $99,388 In our opinion, the financial statements on pages 28 to 37, present fairly, in all material respects, the Membership1% fees $7,650 Museum funding $99,388Corporate Services $940,005 Education & Legacy $348,942 Games - Glasgow 2014 $4,486,422 6% financial position of New Zealand Olympic Committee Incorporated as at 31 December 2014, and its Sponsors and Fundraising $1,914,840Sponsors and FundraisingIOC $1,914,840 Sponsor $774,872 IOC Sponsor $774,872 11% Games - Nanjing 2014 $622,224 Games - Sochi 2014 $1,284,577 Marketing $915,653 financial performance for the year then ended in accordance with generally accepted accounting practice 7%Interest Received $1,777 Interest Received $1,777 Staff costs $1,297,760 Depreciation $54,756 in New Zealand. Charitable Trusts $446,147 Edgar Olympic Foundation $151,610 Corporate Services $940,005 Education & Legacy $348,942 Games - Glasgow 2014 $4,486,422 Games - Glasgow $3,426,021 Games - Nanjing $627,622 Games - Nanjing 2014 $622,224 Games - Sochi 2014 $1,284,577 Marketing $915,653 Games - Sochi $1,011,233 High Performance Sport NZ - Selection $112,500 Staff costs $1,297,760 Depreciation $54,756 IOC - Solidarity & travel Expenses$388,358 2014 $9.950MExpensesLicensing &up M erchandising$5.748M 2014 $9.950M $25,158 due to up Glasgow $5.748M investment due to Glasgow investment BDO Auckland MembershipNZOC Operating fees $7,650 ExpensesNZOC Operating at $9.950MMuseum Expenses include funding at all$9 9,388$9.950M Games costs,include staff all Gamescosts, Olympic costs, staff Ambassadors, costs, Olympic Ambassadors, Sponsorstravel & and accommodation, Fundraising $1,914,840travel &premise accommodation, costs,IOC Sponsor Marketing $7premise74,872 costs, costs, legal Marketing expenses, costs, computer, legal expenses, website. computer, website. 24 March 2015 Interest64% of Received our expenses $1,777 64% relates of our to expenses Games expenditure, relates to Games which expenditure,varies year on which year. varies year on year. Auckland New Zealand

New Zealand Olympic Committee 103rd Annual Report 26 1% 9% 1% 9% 27 www.olympic.org.nz13% 13% Year Ended 31 December 2014 4% 4% Expenses 2014 $9.950M up $5.748M due to Glasgow investment

NZOC Operating Expenses at $9.950M include all9% Games costs, staff9% costs, Olympic Ambassadors, travel & accommodation, premise costs, Marketing costs, legal expenses, computer, website. 64% of our expenses relates to Games expenditure, which varies year on year.

13%1% 9% 13% 13% 4% 45% 45%

6% 6% 9%

Corporate Services $940,005CorporateEducation Services $940,005& Legacy $348,942EducationGames & Legacy - Glasgow $348,942 2014 $4,486,422Games - Glasgow 2014 $4,486,422 Games - Nanjing 2014 $622,224Games - NanjingGames -2014 Sochi $622,224 2014 $1,284,577Games - SochiMarketing 2014 $1,284,577$915,653 Marketing $915,653 13% Staff costs $1,297,760 Staff costsDepreciation $1,297,760 $54,756 Depreciation $54,756 45%

6%

Corporate Services $940,005 Education & Legacy $348,942 Games - Glasgow 2014 $4,486,422 Games - Nanjing 2014 $622,224 Games - Sochi 2014 $1,284,577 Marketing $915,653 Staff costs $1,297,760 Depreciation $54,756 Financial Reports Financial Reports

Page 1 NEW ZEALAND OLYMPIC COMMITTEE INCORPORATED New Zealand OlympicCONSOLIDATED Committee STATEMENT OFIncorporated FINANCIAL PERFORMANCE New Zealand Olympic Committee Incorporated Consolidated StatementFOR of THE Financial YEAR ENDED 31 DECEMBERPerformance 2014 Consolidated Statement of Movements in Equity for the Year Ended 31 December 2014 for the Year Ended 31 December 2014

Consolidated Consolidated Olympic Olympic 2014 2013 2014 2013 $ $ $ $

INCOME Corporate, Marketing and other Income (Note 10) 3,768,913 3,832,217 3,920,523 3,842,217 Games Income (Note 2) 5,064,876 682,621 5,064,876 682,621 Interest and Dividends received 74,845 106,875 1,777 6,875 Realised gain on sale of bonds and equities 9,360 - - - Unrealised Gain on Investment portfolio 202,119 - - - 9,120,113 4,621,713 8,987,176 4,531,713

EXPENDITURE Corporate Services 943,254 901,534 940,005 901,534 New Zealand Olympic Committee Incorporated Education and Legacy 348,942 440,654 348,942 440,654 Games Expenditure (Note 2) 6,393,223 682,621 6,393,223 682,621 Consolidated Statement of Financial Position Marketing 915,653 971,360 915,653 971,360 for the Year Ended 31 December 2014 Staff costs 1,297,760 1,153,372 1,297,760 1,153,372 Depreciation (Note 5) 54,755 52,370 54,756 52,370 9,953,587 4,201,911 9,950,339 4,201,911

Net Operating Surplus / (Deficit) (833,474) 419,802 (963,163) 329,802

Solidarity funding (Note 11) Plus Funds Received for National Sporting Organisations 576,438 440,436 576,438 440,436 Less Distributions to National Sporting Organisations 576,438 440,436 576,438 440,436 - - - -

TOTAL NET SURPLUS / (DEFICIT) (833,474) 419,802 (963,163) 329,802

New Zealand Olympic Committee This statement is to be read in conjunction with notes on pages 30-37 This statement is to be read in conjunction with notes on pages 30-37 103rd Annual Report 28 29 www.olympic.org.nz Year Ended 31 December 2014

This statement is to be read in conjunction with notes on pages 3 - 10 Financial Reports Financial Reports Page 3 Page 4

NEW ZEALAND OLYMPIC COMMITTEE INCORPORATED New Zealand Olympic Committee Incorporated New Zealand OlympicNEW ZEALANDCommittee OLYMPIC COMMITTEE Incorporated INCORPORATED NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS Notes to the Financial FORStatements THE YEAR ENDED for 31 DECEMBER 2014 Notes to the Financial Statements for the Year Ended 31 December 2014 the Year Ended 31 DecemberFOR THE YEAR 2014 ENDED 31 DECEMBER 2014

NOTE 1 STATEMENT OF ACCOUNTING POLICIES NOTE 1 continued (9) Facilitation of External Funding. The Consolidated Financial Statements have been prepared in accordance with generally accepted accounting practice and meet the requirements of the Incorporated Societies Act 1908. NZOC does not recognise as income any funding received on behalf of other sporting organisations for which NZOC is merely acting as a facilitator and receives no financial gain. A. GENERAL ACCOUNTING POLICIES NZOC does however recognise as income any funding received on behalf of other sporting organisations The general accounting principles recognised as appropriate for the measurement and reporting of earnings and the where NZOC receives financial gain for services provided. The corresponding payments to the sporting financial position on an historical cost method are followed in preparation of these financial statements. organisations are then shown as an expense to, or distribution from, the NZOC.

(10) Games' Prepayments B. PARTICULAR ACCOUNTING POLICIES Salaries of staff & other costs directly associated in the preparation & facilitation of the Games have been (1) Differential Reporting treated as prepayments and are recognised in the Statement of Financial Performance in the year the This entity qualifies for differential reporting under The External Reporting Board's Games take place. reporting framework as it is not publicly accountable and is not classified as being large. All available differential reporting exemptions allowed under the framework for differential (11) Taxation reporting have been adopted with the exception of: NZOC is an Incorporated Society registered with the Charities Commission and is exempt from Income - FRS19 Goods Services Tax - accounted for on a G.S.T. exclusive basis Tax.

(2) Basis of Consolidation - Purchase Method (i.e. Historical Cost) (12) Value in Kind The consolidated financial statements include the New Zealand Olympic Committee Incorporated When goods and services are received by way of sponsorship, Management have made best estimates (NZOC), Olympic Marketing Limited (OML), Edgar Olympic Foundation (EOF) and NZOC America Inc of the market value of these goods and services to recognise the contribution to NZOC. (NZOCA). NZOC has a 100% ownership interest in both OML, EOF and NZOCA. OML has the same balance date as NZOC and is not operating. (13) Sponsorship Top Programme OML had no financial effect in 2014 (2013: nil) on the results for that year as it was non-trading. The Sponsorship Top Programme income from the International Olympic Committee is recognised as NZOCA was set up during 2014 but no operating activities took place. receipted over the quadrennial which is 30% in 2013, 25% in 2014 and 2015 and 20% in 2016. EOF was set up and commenced operations in 2009. The Board is of the opinion this policy better reflects the programmes and initiatives NZOC undertakes EOF has the same balance date as NZOC. over the 4 year term of the sponsorship agreement. The principal activity of EOF is to benefit and assist NZOC activities. The consolidated financial performance, financial position and changes in equity include NZOC and EOF. (14) Sponsors and Fundraising Income is recognised when invoiced unless it is specifically linked to a future event, in which case it is (3) Depreciation carried forward in the Statement of Financial Position as Income in Advance. Invoices are raised when Depreciation rates applicable to the various classes of assets are: a sponsorship agreement is executed. Sponsorship agreements are deemed executed through the actions of both parties contained in the agreement. Computer Equipment 33.3% D.V. Plant & Equipment 20.0% - 33.3 D.V. Furniture & Fittings 20.0% D.V. C. CHANGES IN ACCOUNTING POLICIES Building/Leasehold Improvements 10.0 - 15.0% D.V. Investments have now been recorded at Market Value, previously at cost price (2013). Museum Plant & Collections 15.0% D.V.

(4) Property, Plant and Equipment Property, Plant and Equipment are recorded at original cost less accumulated depreciation.

(5) Accounts Receivable Accounts Receivable are recorded at their estimated net realisable value.

(6) Investments Investments are stated at market value and include accrued interest.

(7) Foreign Currencies Monetary assets and liabilities in foreign currency at year end have been converted to NZ dollars using the exchange rate ruling at balance date. Gains and losses due to currency fluctuation have been included in the Statement of Financial Performance.

This statement is to be(8) read in conjunctionGoods with notes and on Servicespages 3 - 10 Tax. These Financial Statements have been prepared on a G.S.T exclusive basis except for Accounts Receivable and Accounts Payable that are stated on a G.S.T inclusive basis.

New Zealand Olympic Committee 103rd Annual Report 30 31 www.olympic.org.nz Year Ended 31 December 2014 Financial Reports Financial Reports

PagePage 5Page 5 5 PagePage Page6 6 6

New Zealand Olympic Committee Incorporated New Zealand Olympic Committee Incorporated NEWNEW ZEALANDNEW ZEALAND ZEALAND OLYMPIC OLYMPIC OLYMPIC COMMITTEE COMMITTEE COMMITTEE INCORPORATED INCORPORATED INCORPORATED NEWNEWNEW ZEALAND ZEALAND ZEALAND OLYMPIC OLYMPIC OLYMPIC COMMITTEE COMMITTEE COMMITTEE INCORPORATED INCORPORATED INCORPORATED Notes to the Financial NOTESStatements NOTES NOTES TO TO THE TOTHE FINANCIAL THE FINANCIAL FINANCIALfor STATEMENTS STATEMENTS STATEMENTS Notes to the Financial Statements NOTES NOTES NOTES TO TOTHE TO THE THEFINANCIAL FINANCIALfor FINANCIAL STATEMENTS STATEMENTS STATEMENTS the Year Ended 31 DecemberFORFOR THEFOR THE YEAR THE YEAR 2014 YEAR ENDED ENDED ENDED 31 31DECEMBER DECEMBER31 DECEMBER 2014 2014 2014 the Year Ended 31 DecemberFORFOR FORTHE THE THEYEAR 2014YEAR YEAR ENDED ENDED ENDED 31 DECEMBER31 31 DECEMBER DECEMBER 2014 2014 2014

NOTENOTENOTE 2 2 2 NETNET TEAMNET TEAM TEAM EXPENDITURE EXPENDITURE EXPENDITURE NOTENOTENOTE 2 continued 2 2continued continued OlympicOlympicGlasgowGlasgow Commonwealth Commonwealth Games Games 2014 2014 OlympicOlympic Olympic Glasgow Commonwealth Games 2014 Olympic OlympicOlympicOlympicSochiSochiSochi Winter Winter Winter Games Games Games 2014 2014 2014 OlympicOlympicOlympic 20132013 20142014 2013 2014 201320132013 201420142014 $ $IncomeIncome $ $ $ Income $ $ $Income$ IncomeIncome $ $$ - -SportSport Contribution Contribution HPSNZ HPSNZ 1,025,0001,025,000 - Sport Contribution HPSNZ 1,025,000 - Sport- - SportSport Contribution Contribution Contribution HPSNZ HPSNZ HPSNZ 375,000375,000375,000 - -SponsorshipSponsorship 700,700700,700 - Sponsorship 700,700 - Sponsorship- - SponsorshipSponsorship 282,950282,950282,950 - -SubsidiesSubsidies and and Reimbursement Reimbursement 1,700,3211,700,321 - Subsidies and Reimbursement 1,700,321 - Subsidies- - SubsidiesSubsidies and and Reimbursementand Reimbursement Reimbursement 353,283353,283353,283 - - 3,426,0213,426,021 - 3,426,021 - - - 1,011,2331,011,2331,011,233 ExpensesExpenses Expenses ExpensesExpensesExpenses - -AccommodationAccommodation & team & team village village 490,769490,769 - Accommodation & team village 490,769 - Accommodation- - AccommodationAccommodation & team & & team team village village village 235,379235,379235,379 - -AirfaresAirfares & Taxes & Taxes - Team - Team 1,280,3481,280,348 - Airfares & Taxes - Team 1,280,348 - Airfares- - AirfaresAirfares & Taxes & & Taxes Taxes - Team - Team- Team 138,156138,156138,156 - -Freight,Freight, excess excess baggage, baggage, comms comms equipment, equipment, medical medical 368,577368,577 - Freight, excess baggage, comms equipment, medical 368,577 - Freight,- - Freight,Freight, excess excess excess baggage, baggage, baggage, comms comms comms equipment, equipment, equipment, medical medical medical 122,864122,864122,864 - -InsuranceInsurance & Legal & Legal Costs Costs 86,45386,453 - Insurance & Legal Costs 86,453 - Insurance- - InsuranceInsurance & Legal & & Legal Legal Costs Costs Costs 10,04510,04510,045 - -OtherOther costs costs 336,488336,488 - Other costs 336,488 - Other costs 188,831 - -PrePre Games Games Salaries, Salaries, travel, travel, costs costs 877,473877,473 - Other- Other costs costs 188,831188,831 - Pre Games Salaries, travel, costs 877,473 - Pre Games Salaries, travel, costs 222,249 - -SupportSupport Staff Staff payments payments 100,884100,884 - Pre- Pre Games Games Salaries, Salaries, travel, travel, costs costs 222,249222,249 - Support Staff payments 100,884 - Support Staff payments 20,834 - -TeamTeam Uniform Uniform 945,430945,430 - Support- Support Staff Staff payments payments 20,83420,834 - Team Uniform 945,430 - Team- - TeamTeam Uniform Uniform Uniform 346,219346,219346,219 - - 4,486,4224,486,422 - 4,486,422 - - - 1,284,5771,284,5771,284,577 - - NetNet Income/(Expenditure) Income/(Expenditure) (1,060,401)(1,060,401) - Net Income/(Expenditure) (1,060,401) - - Net - Net Income/(Expenditure)Net Income/(Expenditure) Income/(Expenditure) (273,344) (273,344) (273,344)

GlasgowGlasgowGlasgow 2014 2014 Income2014 Income Income GlasgowGlasgowGlasgow 2014 2014 Expenses2014 Expenses Expenses SochiSochiSochi 2014 2014 2014 Income Income Income SochiSochiSochi 2014 2014 2014 Expenses Expenses Expenses 490,769490,769 945,430945,430 490,769 235,379235,379235,379 945,430 346,219346,219346,219

100,884100,884 1,025,0001,025,0001,025,000 100,884 138,156138,156138,156 1,280,3481,280,3481,280,348 353,283353,283353,283 20,83420,83420,834 375,000375,000375,000 877,473877,473877,473 122,864122,864122,864 222,249 222,249222,249 10,04510,04510,045 336,488336,488 86,453368,577368,577 188,831 1,700,3211,700,3211,700,321 336,48886,453 86,453 368,577 188,831188,831

AccommodationAccommodationAccommodation & team & team village & team village village AccommodationAccommodationAccommodation & team & &team village team village village AirfaresAirfares &Airfares Taxes & Taxes -& Team Taxes - Team - Team AirfaresAirfaresAirfares & Taxes & &Taxes - TaxesTeam - Team - Team Freight,Freight, excessFreight, excess baggage, excess baggage, baggage, comms comms equipment, comms equipment, equipment, medical medical medical Freight,Freight,Freight, excess excess baggage,excess baggage, baggage, comms comms comms equipment, equipment, equipment, medical medical medical InsuranceInsuranceInsurance & Legal & Legal Costs & Legal Costs Costs InsuranceInsuranceInsurance & Legal & &Legal Costs Legal Costs Costs 700,700700,700700,700 OtherOther costsOther costs costs OtherOther costsOther costs costs Pre GamesPre GamesPre Salaries, Games Salaries, travel,Salaries, travel, costs travel, costs costs Pre GamesPrePre Games GamesSalaries, Salaries, Salaries, travel, travel, coststravel, costs costs SupportSupport StaffSupport Staff payments Staffpayments payments 282,950282,950282,950 SupportSupportSupport Staff Staffpayments Staff payments payments TeamTeam Uniform Uniform TeamTeam UniformTeam Uniform Uniform SportSport ContributionSport Contribution Contribution HPSNZ HPSNZ HPSNZSponsorshipSponsorshipSponsorshipSubsidiesSubsidiesSubsidies and andReimbursement Reimbursementand Reimbursement Team Uniform SportSport ContributionSport Contribution Contribution HPSNZ HPSNZ HPSNZSponsorshipSponsorshipSponsorshipSubsidiesSubsidiesSubsidies and Reimbursement and and Reimbursement Reimbursement

New Zealand Olympic Committee 103rd Annual Report 32 33 www.olympic.org.nz Year Ended 31 December 2014 Financial Reports Financial Reports Page 7 Page 8

New Zealand OlympicNEW Committee ZEALAND OLYMPICPage IncorporatedPage COMMITTEE 7 7 INCORPORATED New Zealand OlympicNEW Committee ZEALAND OLYMPIC Incorporated COMMITTEE INCORPORATED Notes to the Financial Statements NOTES TO THE FINANCIAL for STATEMENTS Notes to the Financial Statements NOTES TO THE FINANCIAL for STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014 FOR THE YEAR ENDED 31 DECEMBER 2014 the Year Ended 31 DecemberNEWNEW ZEALAND ZEALAND OLYMPIC 2014OLYMPIC COMMITTEE COMMITTEE INCORPORATED INCORPORATED the Year Ended 31 December 2014 NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS NOTE 2 continued FORFOR THE THE YEAR YEAR ENDED ENDED 31 31 DECEMBER DECEMBER 2014 2014 NOTE 3 ACCOUNTS RECEIVABLE & PREPAYMENTS Olympic Olympic Olympic Nanjing Youth Games 2014 Olympic 2013 2014 2013 2014 NOTENOTE 2 2continued continued $ $ $ Income $ 355,697 General Debtors 626,856 Olympic- Contribution from Sports Organisations 186,878Olympic Olympic NanjingNanjing Youth Youth Games Games 2014 2014 Olympic 5,703 G.S.T. Receivable - 20132013- Sponsorship 167,74420142014 - Subsidies and Reimbursement 273,000 45,221 Prepayments - Corporate Services 44,042 $ $ IncomeIncome $ $ 88,582 Prepayments - Marketing & President Council 61,124 - - ContributionContribution from from Sports Sports Organisations Organisations 186,878186,878 - 627,622 590,321 Prepayments - Sochi 2014 Olympics - - - SponsorshipSponsorship 167,744167,744 18,626 Prepayments - AYOF 2013 Youth Olympics - - - SubsidiesExpensesSubsidies and and Reimbursement Reimbursement 273,000273,000 - Accommodation & team village 188,836 749,231 Prepayments - Rio 2014 and Gold Coast 2018 389,423 - Airfares & Taxes - Team 28,255 - - 627,622627,622 1,853,381 1,121,445 - ExpensesFreight,Expenses excess baggage, comms equipment, medical 11,189 - - AccommodationInsuranceAccommodation & Legal & &Coststeam team village village 188,83612,263188,836 - - AirfaresOtherAirfares costs & &Taxes Taxes - Team- Team 28,25531,86328,255 - - Freight,PreFreight, Games excess excess Salaries, baggage, baggage, travel, comms commscosts equipment, equipment, medical medical 11,18961,80211,189 - - InsuranceSupportInsurance Staff & &Legal payments Legal Costs Costs 12,26312,263- - - OtherTeamOther costsUniform costs 288,01631,86331,863 NOTE 4 BANK BALANCES & INVESTMENTS - - PrePre Games Games Salaries, Salaries, travel, travel, costs costs 61,80261,802 - - - SupportSupport Staff Staff payments payments 622,224- - Consolidated Olympic Consolidated Olympic - - TeamTeam Uniform Uniform 288,016288,016 2013 2013 2014 2014 - Net Income/(Expenditure) 5,398 $ $ $ $ - - 622,224622,224 660,100 660,100 Current Accounts 680,488 680,488 500,000 500,000 Yvette Williams Term Deposit 500,000 500,000 - - NetNetNanjing Income/(Expenditure) Income/(Expenditure) 2014 Income Nanjing 2014 Expenses 5,398 5,398 - - Multi currency cards 160,873 160,873 700,095 700,095 USD Account 56,884 56,884 30,875 30,875 Euro Account 292 292 188,836 5,026 5,026 AUD Account 4,523 4,523 Nanjing 2014 Income Nanjing 2014 Expenses Nanjing 2014 Income Nanjing 2014 Expenses 629,962 629,962 GBP Account 105,115 105,115 186,878 288,016 18,145 18,145 CHF Account 4,242 4,242 188,836188,836 6,641 6,641 Foreign Currency On Hand 6,557 6,557 28,255 273,000 11,189 1,285,154 - Investment Portfolio EOF 1,414,843 - 186,878186,878 288,016288,016 12,263 3,835,998 2,550,844 2,933,817 1,518,974 - 61,802 31,863 273,000273,000 28,25528,255 Accommodation & team village 11,18911,189 12,26312,263 Airfares & Taxes - Team - - 61,80261,802 31,86331,863 Freight, excess baggage, comms equipment, medical AccommodationAccommodation & team& team village village 167,744 Insurance & Legal Costs Airfares & Taxes - Team OtherAirfares costs & Taxes - Team Freight, excess baggage, comms equipment, medical PreFreight, Games excess Salaries, baggage, travel, comms costs equipment, medical Contribution from Sports Organisations NOTE 5 PROPERTY, PLANT AND EQUIPMENT Insurance & Legal Costs 167,744167,744 SupportInsurance Staff & Legal payments Costs Sponsorship Other costs Opening TeamOther Uniformcosts Subsidies and Reimbursement Book Value Accumulated Depreciation Book Value PrePre Games Games Salaries, Salaries, travel, travel, costs costs ContributionContribution from from Sports Sports Organisations Organisations 2013 Cost Depreciation 2014 2014 SupportSupport Staff Staff payments payments SponsorshipSponsorship $ $ $ $ $ TeamTeam Uniform Uniform SubsidiesSubsidies and and Reimbursement Reimbursement 4,203 Games Plant 60,261 56,058 1,365 2,838 348 Museum Collections 926 577 52 297 44,629 Computer Equipment 148,644 93,352 17,921 37,371 5,908 Furniture & Fittings 66,034 60,750 1,182 4,102 49,258 Museum Plant 91,547 73,203 8,437 9,907 26,054 Office Equipment 100,490 73,810 8,140 18,540 4,943 Buildings & Leasehold - - - - 1,944 Auckland Buildings & Leasehold - - - - 16,240 Auckland Computers 68,571 23,142 10,870 34,559 9,680 Auckland Office Equipment 28,810 19,131 3,163 6,516 18,131 Auckland Furniture & Fittings 22,258 4,127 3,626 14,505

181,339 587,541 404,150 54,756 128,635

New Zealand Olympic Committee 103rd Annual Report 34 35 www.olympic.org.nz Year Ended 31 December 2014 Page 10

NEW ZEALAND OLYMPIC COMMITTEE INCORPORATED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014

NOTE 10 CORPORATE, MARKETING & OTHER INCOME Consolidated Olympic Consolidated Olympic 2013 2013 2014 2014 $ $ $ $ Operating Income 503,264 503,264 Charitable Trusts 446,147 446,147 - - Edgar Olympic Foundation - 151,610 - - HPSNZ 112,500 112,500 178,869 178,869 IOC - Solidarity & travel reimbursements 964,796 964,796 - - Less National funding passed onto NSOs (576,438) (576,438) 53,136 53,136 Licensing, Merchandising & Miscellaneous 25,158 25,158 13,613 13,613 Membership fees 7,650 PagePagePage 10 10 10 7,650

Page 9 111,976 111,976 Museum & Programme Income 99,388 99,388 Financial Reports Page 10 Financial Reports 2,044,886 2,054,886 Sponsors and Fundraising NEWNEWNEW ZEALAND ZEALAND ZEALAND 1,914,840 OLYMPIC OLYMPIC OLYMPIC COMMITTEE COMMITTEE COMMITTEE 1,914,840 INCORPORATED INCORPORATED INCORPORATED 902,675 902,675 Sponsors TOP Programme Page NOTES NOTES 10 NOTES 774,872 TO TO TO THE THE THE FINANCIAL FINANCIAL FINANCIAL STATEMENTS STATEMENTS STATEMENTS 774,872 NEW ZEALAND OLYMPIC COMMITTEE INCORPORATED FORFORFOR THE THE THE YEAR YEAR YEAR ENDED ENDED ENDED 31 31 31DECEMBER DECEMBER DECEMBER 2014 2014 2014 NEW ZEALAND OLYMPIC COMMITTEE INCORPORATED NOTES TO THE FINANCIAL STATEMENTS 23,798 23,798 Exchange Rate Gains Page 10 - - NOTES TO THE FINANCIAL STATEMENTS New Zealand Olympic CommitteeFOR THE YEAR ENDED Incorporated 31 DECEMBER 2014 New Zealand Olympic Committee Incorporated NOTENOTENOTE 10 10 10 CORPORATE,CORPORATE,NEWCORPORATE, ZEALANDFOR THE MARKETING MARKETING YEAROLYMPICMARKETING ENDED COMMITTEE & & OTHER & OTHER31 OTHER DECEMBER INCOME INCOME INCORPORATEDINCOME 2014 Notes to the Financial Statements for Notes to the Financial Statements NOTES TO THE FINANCIAL for STATEMENTS ConsolidatedConsolidatedConsolidated OlympicOlympicOlympic ConsolidatedConsolidatedConsolidated OlympicOlympicOlympic NEW ZEALAND OLYMPIC COMMITTEE INCORPORATED the Year Ended 31 December 2014 3,832,217 3,842,217 the Year Ended 20132013312013 DecemberFOR20132013 THE2013 YEAR 2014 ENDED 313,768,913 DECEMBER 2014 3,920,523 201420142014 201420142014 NOTE 6 ACCOUNTS PAYABLE Plus Non OperatingNOTE Income10 CORPORATE, MARKETING$$ $ & OTHER$ $NOTES$ INCOME TO THE FINANCIAL STATEMENTS $$ $ $$ $ Consolidated Olympic FOROperating OperatingTHEOperating YEAR Income Income IncomeENDED 31 DECEMBERConsolidated 2014 Olympic Olympic 106,875 6,875 Olympic Interest ReceivedNOTE 102013 CORPORATE, 2013 503,264 503,264 503,264 MARKETING 503,264 503,264 & 503,264 OTHERCharitable INCOMECharitableCharitable Trusts Trusts Trusts 40,919 2014 1,777 2014 446,147 446,147 446,147 446,147 446,147 446,147 2013 2014 Consolidated$ Olympic $ ------EdgarEdgarEdgar Olympic Olympic Olympic Foundation Foundation Foundation Consolidated$ Olympic $ - - - 151,610 151,610 151,610 $ - - $ Dividends Received NOTE2013 10 CORPORATE, 2013 - - Operating - MARKETING Income - - -& OTHERHPSNZHPSNZHPSNZ INCOME 33,926 2014 - 2014 112,500 112,500 112,500 112,500 112,500 112,500 503,264 503,264 178,869 178,869 178,869Charitable 178,869Trusts 178,869 178,869 IOCIOCIOC - - Solidarity Solidarity- Solidarity & & travel &travel travel reimbursements reimbursements reimbursements 446,147 446,147 964,796 964,796 964,796 964,796 964,796 964,796 202,174 Accounts Payable 119,692 Consolidated$ Olympic$ Consolidated$ Olympic$ - - Unrealised gain on change - in valuaiton - - - Edgar - method Olympic Foundation - - - LessLessLess National National National funding funding funding 202,119 passed passed passed onto onto onto NSOs NSOs NSOs - 151,610 - (576,438)(576,438)(576,438) (576,438)(576,438)(576,438) 240,416 Sundry Creditors 48,698 2013 2013Operating Income 2014 2014 503,264 - 503,264 - 53,136 53,136 53,136CharitableHPSNZ Trusts 53,136 53,136 53,136 Licensing,Licensing,Licensing, Merchandising Merchandising Merchandising & & Miscellaneous&Miscellaneous Miscellaneous 446,147 112,500 446,147 112,500 25,158 25,158 25,158 25,158 25,158 25,158 - Glasgow Sundry Creditors 40,000 $ $ $ $ - - Realised gain on sale 178,869 of - bands 178,869 and - 13,613 13,613 13,613 equitiesEdgarIOC - Solidarity Olympic 13,613 13,613 13,613 Foundation& travelMembershipMembership reimbursementsMembership fees fees fees 9,360 964,796 - 151,610 964,796 - 7,650 7,650 7,650 7,650 7,650 7,650 92,788 Holiday Pay Accrual 122,277 Operating Income - 111,976 111,976- 111,976LessHPSNZ National 111,976 111,976 111,976 funding MuseumpassedMuseumMuseum onto & & Programme&Programme NSOs Programme Income Income Income (576,438) 112,500 (576,438) 112,500 99,388 99,388 99,388 99,388 99,388 99,388 - IRD - PAYE 45,486 503,264 503,264 Charitable Trusts 446,147 446,147 178,869 53,136 - 178,869 53,136 2,044,886 2,044,886 2,044,886 Licensing,IOC- - SolidarityEdgar 2,054,886 2,054,886 Merchandising 2,054,886 Olympic & travel FoundationSponsorsSponsors reimbursementsSponsors & Miscellaneous and and and Fundraising Fundraising Fundraising 964,796 25,158 - 964,796 25,158 1,914,840 1,914,840 1,914,840 151,610 1,914,840 1,914,840 1,914,840 - IRD - GST 37,249 106,875 6,875 13,613 - - 13,613 902,675 902,675- 902,675 LessMembership- National HPSNZ 902,675 902,675 fees 902,675 funding SponsorspassedSponsorsSponsors onto TOPTOP TOPNSOs Programme Programme Programme286,324 (576,438) 7,650 112,500 1,777 (576,438) 7,650 774,872 774,872 112,500774,872 774,872 774,872 774,872 111,976 53,136 178,869 111,976 53,136 23,798 23,798 178,869 23,798 Licensing,Museum IOC & Merchandising - Programme23,798 Solidarity23,798 23,798 Exchange&Exchange Income travelExchange & Miscellaneous reimbursements Rate Rate Rate Gains Gains Gains 25,158 99,388 964,796 25,15899,388 964,796 ------535,378 413,402 2,044,886 13,613 - 2,054,886 13,613 MembershipSponsors- Less and National fees Fundraising funding passed onto NSOs 1,914,840 7,650 (576,438) 1,914,840 7,650 (576,438) 111,976902,675 53,136 111,976902,675 3,832,217 3,832,217 3,832,217 53,136MuseumSponsors Licensing, 3,842,217 &3,842,217 TOP Programme3,842,217 Programme Merchandising Income & Miscellaneous 774,872 99,388 25,158 774,872 99,388 3,768,913 3,768,913 3,768,913 25,158 3,920,523 3,920,523 3,920,523 3,939,092 3,849,092 2,044,886 23,798 13,613 2,054,886 23,798 13,613SponsorsExchangeMembership andRate Fundraising Gains feesPlusPlusPlus Non Non Non Operating Operating Operating 4,055,237 Income Income Income 1,914,840 - 3,922,300 7,650 1,914,840 - 7,650 902,675 111,976 902,675 106,875 106,875 111,976106,875 Sponsors Museum TOP 6,875 6,875 Programme&6,875 ProgrammeInterestInterestInterest Received IncomeReceived Received 774,872 99,388 774,872 40,919 40,919 99,38840,919 1,777 1,777 1,777 Exchange Rate "Gains and Losses" arise from the revaluation 3,832,217 23,798 2,044,886 of 3,842,217 monies 23,798 2,054,886 - - Exchange - held Sponsors Ratein our -Gains -and - FundraisingForeignDividendsDividendsDividends Received Received Received Currency 3,768,913 1,914,840 - 3,920,523 1,914,840 - 33,926 33,926 33,926 - - - NOTE 7 FUNDS IN ADVANCE 902,675 902,675 - - Plus - Non Sponsors Operating - -TOP - Income UnrealisedProgrammeUnrealisedUnrealised gain gain gain on on onchange change change in in valuaiton invaluaiton valuaiton method method method 774,872 202,119 202,119 774,872202,119 - - - Olympic Accounts to the exchange rateOlympic prevailing at 'Balance Date'. 3,832,217 106,875 23,798 Note 3,842,217 1 6,875 (B 23,798 7). - - Interest - Exchange Received - - Rate - RealisedGainsRealisedRealised gain gain gain on on onsale sale sale of of bandsof bands bands and and and 3,768,913 equities equities equities40,919 - 3,920,523 1,777 9,360 9,360 9,360 ------PlusDividends Non Operating Received Income 33,926 - 2013 2014 106,875 3,832,217 - 6,875 106,875 3,842,217 106,875 - 106,875 InterestUnrealised Received gain 6,875 6,875 6,875 on change in valuaiton method 202,119 40,919 3,768,913 1,777 286,324 3,920,523 - 286,324 286,324 1,777 1,777 1,777 Solidarity Funds in Advance $ $ - - DividendsRealisedPlus gain Received Non on Operating sale of bands Income and equities 33,926 9,360 - 248,889 Funds in Advance - National Activities Programme & World Programmes 106,307 - 106,875 3,939,092 3,939,092 3,939,092 - 6,875 Unrealised Interest 3,849,092 3,849,092 gain3,849,092 Received on change in valuaiton method 202,119 40,919 4,055,237 4,055,237 - 4,055,237 1,777 3,922,300 3,922,300 3,922,300 101,682 Funds in Advance - Sochi 2014 & Rio 2016 Scholarships 41,826 106,875 - - 6,875 - Realised- Dividends gain on Receivedsale of bands and equities 286,324 9,360 33,926 1,777 - - 350,571 NOTE 11 DISTRIBUTIONS 148,133 ExchangeExchangeExchange Rate Rate Rate "Gains "Gains "Gains and and and Losses" Losses" Losses" arise arise arise from from from the the the revaluation revaluation revaluation of of moniesof monies monies held held held in in our inour our Foreign Foreign Foreign Currency Currency Currency - AccountsAccounts Accounts to to the tothe - the exchange exchange exchangeUnrealised rate rate rate prevailinggain prevailing prevailing on change at at 'Balance at'Balance 'Balance in valuaiton Date'. Date'. Date'. methodNote Note Note 1 1 (B (B1 (B7). 7). 7). 202,119 - 3,939,092 106,875 - 3,849,092 6,875 - Realised gain on sale of bands and equities 4,055,237 286,324 9,360 3,922,300 1,777 - Other Funds in Advance Exchange Rate "Gains and Losses" arise from the revaluation of monies held in our Foreign Currency Olympic 3,939,092 3,849,092 4,055,237 Olympic 3,922,300 121,405 Funds in Advance - NZCT Grant - Accounts to the106,875 exchangeNOTENOTENOTE rate 11 11 prevailing11 6,875 DISTRIBUTIONSDISTRIBUTIONS atDISTRIBUTIONS 'Balance Date'. Note 1 (B 7). 286,324 1,777 500,000 Funds in Advance - Yvette Williams Scholarship 2013 512,271 Exchange Rate "Gains and Losses" arise from the revaluation of monies held in our Foreign Currency 2014 14,478 Funds in Advance - Sochi Richard Neale - Accounts to 3,939,092 the exchange rate Olympic Olympic3,849,092 Olympic prevailing at 'Balance Date'. Note 1 (B 7). 4,055,237 3,922,300 OlympicOlympicOlympic 102,751 Funds in Advance - Sochi 2014 & Rio 2016 Games $ 3,254 NOTE Exchange11 RateDISTRIBUTIONS "Gains and20132013 2013Losses" arise from the revaluation of monies held in our Foreign Currency $ 201420142014 118,216 Funds in Advance - Glasgow 2014 - Accounts to the exchange rate$$ prevailing$ at 'Balance Date'. Note 1 (B 7). $$ $ 600,000 Funds in Advance - Games HPSNZ 440,436 Solidarity Funds150,000 dispersed to SportingNOTEOlympic 11OrgansiationsDISTRIBUTIONS 440,436 440,436 440,436 SolidaritySolidaritySolidarity Funds Funds Funds dispersed dispersed dispersed to to Sporting toSporting Sporting Organsiations Organsiations Organsiations 576,438 Olympic 576,438 576,438 576,438 - Funds in Advance - Sport NZ 440,436 130,000 2013 440,436 440,436 440,436 576,438 2014 576,438 576,438 576,438 - Funds in Advance - NZCT Grant 75,258 OlympicNOTE 11$ DISTRIBUTIONS Olympic$ - Funds in Advance - IOC 50,000 440,436 2013 Solidarity Funds dispersed to Sporting Organsiations 576,438 2014 - Funds in Advance - Corporate Services 10,000 440,436 Olympic$ DistributionsDistributionsDistributions to to toSporting Sporting Sporting Organsations Organsations Organsations 576,438 Olympic$ 9,260 Funds in Advance - Other 6,094 440,436 2013Solidarity Funds dispersed to Sporting Organsiations 576,438 2014 1%1%1%1%1%1% 1,466,110 936,877 440,436 $ 2%2%2%2%2% 576,438 $ 440,436 Solidarity Funds dispersed to Sporting Organsiations 576,438 Distributions to Sporting Organsations3%3%3% 1,816,681 1,085,010 Distributions 440,436to Sporting Organsations 576,438 1% 2% 1% 4%4%4% 1% Distributions2% to Sporting Organsations6%6%6% 2% 1% 58%58%58% 2% 3% 1% 1% 6%6%6% 2% 2% Distributions4% to Sporting Organsations 8%8%8% 6%3% NOTE 8 STATEMENT OF COMMITMENTS 1% 1% 58% 3% 2% 2% 4%6% As at 31 December 2014 there were the following commitments: SochiSochi6%Sochi $334,278 $334,278 $334,278 HockeyHockeyHockey NZ NZ $47,594 NZ$47,594 $47,594 WomenWomenWomen in in Sport Sportin Sport $33,743 $33,743 $33,743 3% 58% 4% 8% Olympic Olympic NZNZ Rugby NZ6%Rugby Rugby Womens Womens 4%Womens 7s 7s $33,662 7s$33,662 $33,662 RioRio -Rio -Rowing Rowing - Rowing $23,341 $23,341 $23,341 IceIce speedIce speed speed skating skating skating $19,231 $19,231 $19,231 6% 6% Year ended Year ended BasketballBasketballBasketball NZ NZ $17,153 NZ$17,153 $17,153 TableTableTable 58%Tennis Tennis Tennis NZ NZ $13,979 NZ$13,979 $13,979 NZNZ OlympicNZ Olympic Olympic Wrestling Wrestling Wrestling $13,269 $13,269 $13,269 Sochi $334,27858% Hockey8% NZ $47,594 Women in Sport $33,743 2013 2014 SynchroSynchroSynchro Swim Swim Swim6% NZ NZ $12,433 NZ$12,433 $12,433 NZNZ Ice NZIce HockeyIce Hockey Hockey Federation Federation Federation $6,421 $6,421 $6,421RioRio -Rio -Athletics Athletics - Athletics $5,910 $5,910 $5,910 6% NZ Rugby Womens 7s $33,662 Rio - Rowing $23,341 Ice speed skating $19,231 $ $ $ $ $ $ Sochi $334,278 CanoeCanoeHockeyCanoe Racing Racing Racing NZ NZ $47,594NZ8% $5,216 NZ$5,216 $5,216 GymGymWomenGym Sports Sports Sports $5,125in $5,125 Sport $5,125 $33,743 BiathalonBiathalonBiathalon $1,915 $1,915 $1,915 Current Non Current Total Current Non Current Total Basketball NZ $17,153 Table Tennis NZ $13,979 NZ Olympic Wrestling $13,269 NZ Rugby Womens 7s $33,662 FencingFencingRioFencing - $1,358Rowing $1,358 $1,358 $23,341 TriathalonTriathalonIceTriathalon speed $1,200 $1,200 skating $1,200 $19,231 CyclingCyclingCycling $610 $610 $610 8,205 2,051 10,256 Motor Vehicle 2,051 - 2,051 8% Synchro Swim NZ $12,433 NZ Ice Hockey Federation $6,421 Rio - Athletics $5,910 BasketballSochi NZ $17,153 $334,278 Table TennisHockey NZ $13,979 NZ $47,594 NZ OlympicWomen Wrestling in Sport $13,269 $33,743 14,400 8,400 22,800 Photocopier 8,400 - 8,400 Canoe Racing NZ $5,216 Gym Sports $5,125 Biathalon $1,915 NOTENOTENOTE 12 12 Synchro12 SwimNZ RELATEDRugbyRELATED NZRELATED $12,433 Womens PARTY PARTY 7s PARTY $33,662NZ TRANSACTIONS IceTRANSACTIONS TRANSACTIONSHockeyRio - RowingFederation $23,341 $6,421 Rio - AthleticsIce speed $5,910 skating $19,231 44,280 2,804 47,084 Premise Lease 182,804 765,000 947,804 Fencing $1,358 Triathalon $1,200 Cycling $610 Basketball NZ $17,153 Table Tennis NZ $13,979 NZ Olympic Wrestling $13,269 Canoe RacingThere ThereNZThere $5,216 were were were no no nopayments paymentsGym payments Sports $5,125 made made made to to members tomembers membersBiathalon in in regard in regard$1,915 regard to to extra toextra extra services services services provided provided provided during during during the the the year year year (2013: (2013: (2013: Nil). Nil). Nil). Sochi $334,278 Hockey NZ $47,594 Synchro Swim NZ Women$12,433 inNZ Sport Ice Hockey $33,743 Federation $6,421 Rio - Athletics $5,910 66,885 13,255 80,140 193,255 765,000 958,255 NOTE 12 RELATED PARTYFencing TRANSACTIONS $1,358EOFEOFEOF is is a isa subsidiary subsidiarya subsidiaryTriathalon of of NZOC,of $1,200NZOC, NZOC, and and and NZOC NZOC NZOCCycling receives receives receives $610 a a distribution distributiona distribution to to assist toassist assist in in their intheir their operational operational operational expenditure expenditure expenditure of of theof the the Canoe Racing NZ $5,216 Gym Sports $5,125 Biathalon $1,915 NZ Rugby Womens 7s $33,662 Rio - Rowing $23,341 organisation.organisation.organisation.Ice Distribution speedDistribution Distribution skating from from from EOF EOF$19,231 EOF in in 2014 in2014 2014 was was was $151,610 $151,610 $151,610 (2013: (2013: (2013: $10,000) $10,000) $10,000) NOTE 12 RELATEDThere were PARTY no payments TRANSACTIONSFencingThereThereThere made$1,358 was was wasto no nomembers noother other other related related inTriathalonrelated regard party party $1,200party to debt debtextra debt owing owing services owing or or Cyclingordue due provided due by $610by bythe the the duringNZOC NZOC NZOC theas as as at yearat 31 at31 31(2013:December December December Nil). 2014 2014 2014 (2013: (2013: (2013: Nil). Nil). Nil). EOF is a subsidiary of NZOC, and NZOC receives a distribution to assist in their operational expenditure of the Basketball NZ $17,153 Table Tennis NZ $13,979 NZ Olympic Wrestling $13,269 NOTE 12 Thereorganisation. RELATEDwere no Distribution payments PARTY TRANSACTIONS frommade EOF to members in 2014 wasin regard $151,610 to extra (2013: services $10,000) provided during the year (2013: Nil). NOTE 9 STATEMENT OF CONTINGENT LIABILITIES EOFThere is was a subsidiary no other relatedof NZOC, party and debt NZOC owing receives or due a by distribution the NZOC to as assist at 31 in December their operational 2014 (2013: expenditure Nil). of the Synchro Swim NZ $12,433 NZ Ice Hockeyorganisation. FederationThere wereDistribution no $6,421 payments from EOF Riomade in - Athletics2014to members was $151,610 $5,910 in regard (2013: to extra $10,000) services provided during the year (2013: Nil). As at 31 December 2014 Capital commitments amount to $Nil (2013: Nil) New Zealand Olympic Committee There EOFwas no is aother subsidiary related of party NZOC, debt and owing NZOC or due receives by the a NZOC distribution as at to31 assist December in their 2014 operational103 (2013:rd Annual Nil). expenditure Report of the 36 37 www.olympic.org.nz Canoe Racing NZ $5,216 Gym Sports $5,125organisation. Distribution fromBiathalon EOF in $1,9152014 was $151,610 (2013: $10,000)Year Ended 31 December 2014 There was no other related party debt owing or due by the NZOC as at 31 December 2014 (2013: Nil). Fencing $1,358 Triathalon $1,200 Cycling $610

NOTE 12 RELATED PARTY TRANSACTIONS

There were no payments made to members in regard to extra services provided during the year (2013: Nil). EOF is a subsidiary of NZOC, and NZOC receives a distribution to assist in their operational expenditure of the organisation. Distribution from EOF in 2014 was $151,610 (2013: $10,000) There was no other related party debt owing or due by the NZOC as at 31 December 2014 (2013: Nil). New Zealand Olympic Committee 2014 New Zealand Olympic Committee 2014

The People that Helped Make it Happen

Patron NZOC Board NZOC Staff Chefs de Mission

His Excellency Lt Gen Rt Hon Sir Jerry Mateparae, Mike Stanley (President) Kereyn Smith, Chief Executive Officer and Secretary General Christine Arthur, Nanjing 2014 Youth Olympic Games Governor General of New Zealand, GNZM, QSO Ashley Abbott, Communications Manager Pete Wardell, Sochi 2014 Olympic Winter Games, Liz Dawson Caren Berry, Senior Accounts Administrator (from April) Pyongchang 2018 Olympic Winter Games Olympic Order Holders Tony Hall MNZM Charles Callis, Olympic Museum Director Rob Hamilton Terry Daly, Commercial Director Rob Waddell ONZM, Glasgow 2014 Commonwealth Ian Boyd ONZM Games, Rio 2016 Olympic Games Barbara Kendall MBE Stephen Donnell, Olympic Studies Centre Coordinator (until June) Bruce Cameron ONZM Barry Maister ONZM Juliette Drysdale, Olympic Ambassador Coordinator (until October) CNZM New Zealand Olympians Trevor Taylor Simone French, Executive Officer Sir Eion Edgar KNZM Club Executive Simon Wickham Lee Frew, Finance Manager (until September) Bernie Fraser Linda Hamersley, Sport Services Manager (until June) Selwyn Maister QSM (President) Dr David Gerrard CNZM OBE NZOC Education Commission Kathryn Irving, Marketing Manager Lorde de Pape Sir Murray Halbert ONZ MBE Elspeth McMillian, Olympic Educator (until June) Michael Hooper Gillian Heald MNZM (Convenor) Libby Peckham, Team Services Coordinator (until March) Barbara Howe Garry Carnachan Tracey Presland, Chief Financial Officer (from October) MBE Tony Popplewell ONZM Lindsey Connor Tara Pryor, General Manager Operations and Programmes (from July) Barry Maister ONZM Ralph Roberts MBE Yvette McCausland-Durie Finian Scott, Team Services Coordinator CBE (passed away March 2015) Sue Emerson Alex Spence, Social Media and Communications Advisor Auditors Susie Simcock ONZM MNZM Andrew Sylvester, Olympic Education Manager (from August) Hal Wagstaff OBE BDO Auckland Michael Taylor, Team Services Manager Performance Planning Sir Tay Wilson KNZM, OBE (passed away October 2014) NZOC Athletes’ Commission Natalie Tong, Team Services Manager - Operations Legal Advisors Chantal Brunner IOC Members , Team Services Coordinator (until October) Barbara Kendall MBE Jake Wilkins, Team Services Director Simpson Grierson Barbara Kendall MBE Nathan Twaddle MNZM Evelyn Williamson, Team Services Coordinator Barry Maister ONZM Ben Sandford Commercial Partnerships Dion Gosling (until August) New Zealand Honorary IOC Member ONZM ANZ, House of Travel, MOA Beer, Mt Difficulty, Sir Tay Wilson KNZM, OBE Mons Royale, PEAK Sport, Volkswagen, Conceptum Tim Johnson (until August) Logistics, SKY Network Television, Sanitarium, Matthew Dallow (until August) IOC Athletes’ Commission Nutriacare, Dot Kiwi Katie Calder (from March) Barbara Kendall MBE (from August) Worldwide (from August) Acer, Atos, Coca Cola, Dow, GE, McDonalds, NZOC Honorary President Shea McAleese (from August) Omea Panasonic, P& G, Samsung, Visa (from August) Sir Eion Edgar KNZM Community Olympic Solidarity, NZ Community Trust, The Southern Trust,

New Zealand Olympic Committee Staff Back Row (L to R): Simone French, Evelyn Williamson, Alex Spence, Kathryn Irving, Caren Berry Middle Row (L to R): Michael Taylor, Tracey Presland, Andrew Sylvester, Finian Scott Front Row (L to R): Jake Wilkins, Ashley Abbott, Kereyn Smith, Tara Pryor, Terry Daly Absent: Natalie Tong, Charles Callis

New Zealand Olympic Committee 103rd Annual Report 38 39 www.olympic.org.nz Year Ended 31 December 2014 103rd Annual Report Year Ended 31 December 2014