Triathlon ACT

Annual General Meeting 2016-2017

21st September 2017

Notice of 2017AGM Agenda 2017 AGM Minutes 2016 AGM Nomination Form 2017 Proxy Form 2017 Annual Report 2016-17 Financial Statements June 2017 Triathlon ACT Annual General Meeting 21st September 2017 East Hotel

NOTICE OF TRIATHLON ACT ANNUAL GENERAL MEETING 2017

Date: Thursday 21st September 2017 Location: East Hotel (69 Canberra Ave, Kingston) Time: 6.00pm-7.00pm

The 2017 Annual General Meeting of Triathlon ACT Inc. will be held on Thursday 21st September 2017, at East Hotel, 69 Canberra Ave, Kingston, Canberra, ACT, where the items of business will be:

1. Acceptance of minutes from previous AGM; 2. Receive all reports; 3. Receive and review financial reports and auditor’s report for 2016/17 financial year; 4. Appoint auditors for 2017; and; 5. Elect Committee Member positions of President, Vice President, Treasurer and four General positions.

No other business may be tabled at this meeting unless a ‘Notice of Motion’ is received in writing to the Executive Director at least 7 days prior to the meeting (i.e. 14th September 2017 5pm).

Attached to this notice are the following forms for member’s use only:

Nomination Form for elected positions – must be returned to Triathlon ACT by 20th September 2017, 5pm. Appointment of Proxy – must be returned to Triathlon ACT by 20th September 2017, 5pm Request to Place Items on the Agenda – ‘Notice of Motion’ must be returned to Triathlon ACT by 14th September 2017, 5pm.

For more information, please contact Craig Johns on (02) 6260 4430.

ANNUAL GENERAL MEETING OF TRIATHLON ACT INCORPORATED

Thursday 21st September 2017 at 6pm East Hotel, Kingston

AGENDA

Attendance

Apologies

Proxies

Recognition of Life Members in attendance

Minutes of the AGM held Thursday 22nd September 2016 at 6.06pm

Matters arising from the Minutes

Annual report of the President

Treasurer’s Report

Financial Statements

Appointment of Auditors

Nominations for Life Membership

Election of Office Bearers

Other Business

ANNUAL GENERAL MEETING OF TRIATHLON ACT INCORPORATED Thursday 22nd of September 2016 at 6.05pm East Hotel, Kingston, ACT.

MINUTES

Attendance: Steve Hough, Christine Zygadlo, Polly Templeton, Corey Bacon, Marty Rabjohns, Mark Wallis, Craig Johns, Daudi Somi, Karina Jones, David Poulter

Apologies: Alex Gosman, Robyn McClelland, Amanda Power

Proxies: None

Recognition of Life Members in attendance: None

Minutes of previous meeting held on 24th September 2015

Moved: Corey Bacon, Seconded: Mark Wallis That the minutes of the AGM of 24th September 2015 be accepted. Carried.

Annual report of the President. President’s report to be found on page 13 of the 2015-16 Annual Report.

Steve Hough delivered his report and summarised the following points: • Congratulations to Katie Kelly, Michellie Jones (guide) and Corey Bacon (coach) on their 2016 Rio Paralympic Gold medal in the PT5 Paratriathlon event. • Congratulated Corey bacon on his outstanding contribution to the sport of triathlon in his role as Head Coach of the Triathlon Australia Paratriathlon team. • It was unfortunate that the ACT Duathlon Championships weren’t held in 2016. Triathlon ACT was optimistic that it would be able to re-establish the event in future years. • Triathlon ACT was currently in a transition period from event delivery to sport development as the main provision.

• Lauren Hill has just informed Triathlon ACT of her resignation. • Triathlon Australia Whole of Sport going through a governance review with further developments to be provided to clubs in the next few months. • Triathlon ACT currently working on the next ACT Government Triennial Funding application, which is due on the 12th October 2016.

Moved: ???, Seconded: ??? That the President’s report be accepted. Carried.

Treasurer’s Report. Polly Templeton delivered a summary of the Treasurer’s report to be found on page 17 of the 2015-16 Annual Report and the financial statements of the Association.

The financial statements had been audited.

She recommended that her report and the financial statements be accepted.

Craig Johns noted that the net asset amounts for 2014-15 and 2015-16 were incorrect in the treasurer’s report. They should read $72,243 and $47,857 respectively.

Moved: David Poulter, Seconded: Daudi Somi That the Treasurer’s report and financial statements be accepted provide the changes to the net asset amounts for 2014-15 and 2015-16 were corrected. Carried.

Appointment of Auditors Anthony Wilson from Accountability has been the auditor of Triathlon ACT for the past four years. Steve Hough moved that Triathlon ACT seek a new auditor in the next two weeks and inform the attendees of the AGM.

Moved: Steve Hough, Seconded: Daudi Somi That a new Auditor be sought for 2016-2017. Carried

Election of Office Bearers

President: Nomination – Alex Gosman Accepted

As Alex Gosman was not present, Steve Hough moved that he continues running the meeting.

Moved: Steve Hough, Seconded: David Poulter That Steve Hough continues running the meeting. Carried

Vice President: Nomination – Deferred to October 2016 Board meeting

Treasurer: Nomination – Polly Templeton Accepted General Committee: Nomination – Marty Rabjohns Accepted General Committee: Nomination – Mark Wallis Accepted General Committee: Nomination – Daudi Somi Accepted General Committee: Nomination – Steve Hough Accepted General Committee: Nomination – Amanda Power Accepted

Other Business: None

Meeting closed at 6.29pm. Congratulations to the new committee and Welcome.

NOMINATION FORM

To be nominated as Candidate for an elected position as a Board Member of Triathlon ACT Inc:

1. You must be a current financial member of Triathlon ACT / Triathlon Australia at the time of nomination. 2. The nomination form must be signed by two current financial members of Triathlon ACT / Triathlon Australia. 3. The Candidate must endorse the nomination.

We hereby nominate: ______Triathlon Australia Member #: ______(Name of the Nominated Candidate for Board Member) (TA……)

for the position of: ______on the Board of Triathlon ACT Inc. (President, Vice President, Treasurer, General Board Member (indicate one))

Nominated by: ______(Name) (Signature) (TA Member Number)

Seconded by: ______(Name) (Signature) (TA Member Number)

I hereby accept the nomination for the position above: ______(Candidate’s Signature)

This form must be received at the offices of Triathlon ACT Inc. no later than 5pm (Eastern Australian Time) on 20th September 2017. This form can be emailed to [email protected].

2017 Triathlon ACT Annual General Meeting Appointment of a Proxy

I, ______, am unable to attend the Triathlon ACT Annual General Meeting, (Member’s Name)

But I appoint, ______, as my proxy. (Proxy Name)

______(Member’s Signature) (Date dd/mm/yyyy)

This form must be received at the offices of Triathlon ACT Inc. no later than 5pm (Eastern Australian Time) on 20th September 2017. This form can be emailed to [email protected].

TRIATHLON ACT

Annual Report 2016–17

ABOUT TRIATHLON ACT

Triathlon ACT (TACT) was founded in 1986 and is the governing body for the sport in the Canberra region. Triathlon ACT is a member of Triathlon Australia and works with the sport’s national governing body to ensure a national and strategic approach to the sport. Canberra is recognised as having one of the highest participation rates in sport in Australia and this is the same for the sport of triathlon. Canberra has the highest per capita participation and membership rates in the sport in Australia.

2016–17 ORGANISATIONAL STRUCTURE STAFF (full time, part time, short-term contract)

COMMITTEE Executive Director Craig Johns Athlete Services Manager Mel Saltiel President Alex Gosman Vice President Mark Wallis (A special thanks to the following staff who resigned during the 2016–17 Treasurer Polly Templeton season: Lauren Hill)

Committee Members Steve Hough COORDINATORS Daudi Somi Marty Rabjohns TA Technical Delegate Gai Webster Amanda Power Coaching Director Unfilled Junior Development Squad Corey Bacon Megan Hall

Member Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Member Position Since Jul 16 16 16 16 16 16 17 17 17 17 17 17 Total Alex Gosman President Sep 2011 N/A Y Y Y N Y Y Y Y Y N Y 9/11 Mark Wallis Vice President Sep 2015 N/A Y N N Y N N N Y Y Y Y 6/11 Polly Templeton Treasurer Apr 2015 N/A Y Y N Y N Y N Y Y Y Y 8/11 Steve Hough General Sep 2005 N/A N Y Y Y Y Y Y Y Y Y Y 10/11 Daudi Somi General Feb 2015 N/A Y Y Y Y Y Y N Y Y Y N 9/11 Marty Rabjohns General Sep 2015 N/A N N Y N Y N Y N Y Y Y 6/11 Amanda Power General Sep 2016 N/A N/A N/A Y Y Y Y Y N Y Y Y 8/9 Robyn McClelland Treasurer (until Sep 2016) Sep 2008 N/A N N N/A N/A N/A N/A N/A N/A N/A N/A N/A 0/3 Total 4/7 4/7 5/7 5/7 5/7 5/7 4/7 5/7 7/7 6/7 6/7

LIFE MEMBERS

Phil Aungle (1988) – In recognition of his involvement in the establishment of the TACT organisation Ian Johnson (1988) – In recognition of his involvement in the establishment of the TACT organisation Robert Caune (1989) – In recognition of his contribution to the early development of the sport in the ACT Christine Toohey (1991) – In recognition of her tireless efforts in the area of race organisation Ken Uren (1992) – In recognition of his contribution in the area of race organisation Fred Allsopp (1993) – In recognition of his outstanding support in the area of race organisation Malcolm Booth (1993) – In recognition of his ongoing support in coaching John Ison (1995) – In recognition of his contribution to sport governance nationally (race rules) and locally Paul Blake (1999) – In recognition of his commitment to the development of juniors in the sport Prachar Stegemann (1999) – In recognition of his ongoing ability and desire to provide multi-sport events in ACT Deborah Hoare (2000) – In recognition of her outstanding contribution to the development of the sport Garry Muir (2001) – In recognition of his support in race operations of triathlon events Jane Seaborn (2002) – In recognition of her long-term involvement in race organisation, governance and technical William Baker (2003) – In recognition of his outstanding efforts in the area of sport governance David Baldwin (2004) – In recognition of his contribution to the advancement of the sport with website and IT Gary Rolfe (2005) – In recognition of his ongoing support across all areas of coaching Fiona Johnstone (2006) – In recognition of her contribution to strategic direction and governance of Triathlon ACT Gai Webster (2009) – In recognition of her outstanding contribution to the technical program Rad Leovic (2010) – In recognition of his outstanding contribution as a long-term competitor and volunteer Ben Gathercole (2011) – In recognition of his ongoing support across all areas of coaching Garry Stevens (2012) – In recognition of his ongoing and outstanding support to Triathlon in the ACT Stuart Bardsley (2015) – In recognition of his ongoing and outstanding support to Triathlon in the ACT

MISSION

• To coordinate, develop and promote the multi-endurance sports events of triathlon and its associated sports of duathlon and aquathlon.

OBJECTIVES

• To promote interest in triathlons and the other multisport endurance events of duathlon and aquathlon. • To promote good fellowship among those interested in triathlons and multisport endurance events. • To ensure triathlons and multisport endurance events are conducted in the best interests of the participants and the sport and to liaise with and where appropriate in the absolute discretion of the Association to sanction event promoters and relevant bodies to achieve this. • To educate, train, coach and encourage members. • To do all such things and act in a way that is conducive to the furtherance of the objects and interest of the Association. • To promote, advertise, organise, sanction or conduct the multisport endurance events of triathlon, duathlons and aquathlon for members and members of the public.

2016–17 AFFILIATED CLUBS • Canberra Bilby's Triathlon Club • Goulburn Triathlon Club • Exceed Fitness • Performance Triathlon Coaching (PTC) • Females in Training (FIT) • Tridents Triathlon Club • Fit2Tri • Vikings Triathlon Club • Fortitude Performance Coaching • Australian Defence Force Triathlon Club (ACT) (national affiliation with Triathlon Australia)

PRESIDENT’S REPORT

By any measure, the 2016–17 year has been a success for Triathlon ACT (TACT) and its members. TACT achieved a record membership of 1,052 members, saw the highest rate of growth of membership of all state and territories in 2016–17, and achieved its second budget surplus during the past six years. Our members secured a Gold Medal at the 2016 Rio Paralympics and received six Triathlon Australia Annual Awards.

ACT hosted nine highly successful multisport events over summer, with participant numbers showing some improvement. This included more than 900 participants in the Elite Energy Canberra Triathlon Festival in January, and near-record participation in other events. TACT also welcomed a new club in the region – Fortitude Performance Coaching – and there are promising signs of further club affiliations over the coming season.

These achievements were no accident or mistake – they are the result of a revised approach to events in the ACT, a renewed focus on members’ interests and needs, and the committed efforts of TACT members and staff.

Over the past few years, the TACT Board has actively pursued a policy to outsource race management to private event providers. This reflects our desire to reduce TACT’s exposure to financial risk, particularly given the increasing cost of ‘race crews’ and difficulties in attracting volunteers. It also enables TACT to tap into the expertise of organisations with the knowledge, experience and capacity to deliver events that meet the expectations of today’s participants.

Over the past season, we have seen this strategy bear fruit, with Elite Energy revitalising local offerings and bringing Canberra-based events to the attention of a wider triathlete audience.

It would be remiss not to acknowledge the downsides of TACT’s outsourced event-delivery model. Many of our members were disappointed by the cancellation of the Triple Edge event in December 2016 and we apologise unreservedly for that. The cancellation of the event is a stark reminder of the challenging and incredibly competitive environment faced by event organisers. This is the reality facing event providers across Australia and poses a significant threat to the future of event delivery across the country.

Recognising this, we are taking a more strategic approach to TACT’s outsourcing model that aims brings in more stakeholders and diversify our events calendar to ensure the future of multisport events in the region.

Underlying this strategic approach has been much improved working relationships between TACT and its member clubs. During 2016–17, TACT hosted several meetings between Club Presidents and the TACT Board to provide updates on developments and to share views and concerns. These have been well attended and reinforced that the growth of multisport events in the ACT hinges on TACT and its member clubs working together in a collaborative manner.

Reflecting this, the 2017–18 season will see TACT working closely with larger clubs to organise and deliver two events – the ACT Duathlon Championships and the

Jackie Fairweather Memorial Triathlon. This work is critical to ensuring members have a comprehensive events calendar in the future.

For TACT, moving away from event delivery has allowed us to focus on the development of the sport and increasing participation, as this is where we believe energy should be directed.

Our Executive Director, Craig Johns, has worked closely with the team from the Weet-Bix Kids TRYathlon in delivering the 2017 event, which was a sell-out success for the third successive year. This has spearheaded our efforts to increase awareness at the school level but we recognise that participation levels in the 12–20 age group are not as strong as we would like. This is an area of concern nationally and will be an area for future investigation and focus.

TACT also obtained funding to support an inclusion program for children with disability that was aligned to the Weet-Bix Kids TRYathlon. It was very moving to see the sense of achievement on the faces of the kids and parents as they completed the Weet-Bix Kids TRYathlon event and we should acknowledge the efforts of Steve Hough and Michelle Elmitt and her team in running a highly successful program.

After several years of financial deficits, TACT has returned to surplus this year. This has been driven by our Treasurer, Polly Templeton, who has brought a forensic eye to the accounts (despite sustaining serious injuries in a bike accident late last year). Polly’s efforts, and those of her predecessor Robyn McClelland, are greatly appreciated, but we must also acknowledge Craig Johns’ ongoing efforts to maximise the value of each dollar TACT spends.

TACT held its Annual Awards dinner in June to celebrate the achievements of our members as participants, coaches, volunteers and technical officials. We were honoured to have a number of our sponsors and Triathlon Australia CEO Miles Stewart attend the dinner. It was a wonderful night and, on behalf of the TACT Board, I would like to congratulate all those award winners for their deserved successes.

On the national level, TACT has provided significant support to Triathlon Australia in its promotion of triathlon and multisport in Australia. This includes the very active involvement of our Executive Director Craig Johns in the National Leadership team and his work around membership, participation and coaching development.

In addition, Steve Hough and I have been closely involved in the work of the Unification Working Group, which is examining future governance models for Triathlon Australia and its state and territory Triathlon associations, including TACT. We are expecting further developments in this area during 2017–18 and will keep members updated.

I would like to thank our technical officials who kindly offer their valuable time to ensure that all participants have safe, fair and enjoyable events. I would also like to extend special congratulations to Gai Webster and Aaron Broughton, who have been selected as Technical officials for the 2018 Commonwealth Games. They will join a delegation of eight Australian Technical Officials on the Gold Coast.

I thank all my fellow Board members for their efforts in supporting TACT during the year – Mark Wallis, Steve Hough, Polly Templeton, Amanda Power, Daudi Somi and Marty Rabjohns. The Board’s willingness to provide time to contribute to the sport of triathlon in the ACT is greatly appreciated.

TACT also expresses its support to the ACT Government for their support of triathlon in the ACT, including ongoing funding assistance under the triennial sports funding program. Efforts to improve the water quality of Lake Burley Griffin also appear to be bearing fruit and over the last few seasons we have had few event disruptions owing to water quality issues.

I am sure all members join me in thanking the TACT team for all their extensive efforts in ensuring the success of the 2016–17 season – Craig and Mel. ACT is very lucky to have two such committed staff who go beyond the call of duty each and every day, bringing great passion and new ideas to the sport. We have an incredibly small staffing contingent in Canberra and I am not sure all members appreciate how much this team delivers. I extend those thanks to our interns: Matt Haustead, Megan Hall, Andrew Hooper, Tim Baker and Amy Betts. And another big thankyou goes to Julie Wang for her efforts with TACT’s graphic design, marketing and promotional material.

Our members can rest assured that planning is well under way for next season and that it is in very capable hands. We have been awarded four World Championship Qualifying events in the ACT, and we are confident the 2017–18 event calendar will have a wide range of offerings for all of our members.

With 2018 seeing the Gold Coast Commonwealth Games and Australia hosting the Triathlon World Championships, next year looks to be a big one for our sport.

Regards

Alex Gosman President, Triathlon ACT 2016–17

TREASURER’S REPORT

I present the Treasurer’s report for Triathlon ACT Inc (the Association) for the year ending 30 June 2017. The financial statements, as presented, have been audited.

The result for the year was a surplus of $22,495, which represents a significant turnaround from the previous year’s deficit of $29,201 and the deficit of $40,144 for 2014–15. Depreciation this year was $8,098, down from $11,500 in 2015–16. The reason for this turnaround relates to the licensing out of all Triathlon ACT events in 2016–17 and the decision taken not to hold a duathlon last year.

Total income was $206,591 this year, down from $278,420 in 2015–16, with sources of income apart from the Triathlon Australia membership rebate and ACT Government grant comprising the following: sponsorship revenue of $15,447; entry fees from the aquathlon series of $15,760; and event licence fees revenue of $11,424, although a portion of these fees had not been received by year end.

Another reason for the better-than-expected result was the tight rein kept by the Executive Director on all expenditure items, as well as Triathlon ACT decreasing to 1.2 FTE staff for most of the year. Total expenditure was $184,095 this year, compared to $307,620 in 2015–16.

A new auditor was appointed for the 2016–17 audit following due diligence undertaken by the Finance Sub-Committee as Triathlon ACT had had the same auditor for a number of years. In addition, a new external bookkeeper was contracted to review the payroll and submit the quarterly GST and tax obligations. The TACT Board reviewed the Association’s financial position, generally monthly. It monitored the Association’s balance sheet and income and expenditure statement against budget projections.

As a result of the profit for the year, TACT’s net assets have increased to $70,626, which is almost back to the level of net assets in 2014–15. It shows that the decision taken by the Board to outsource event management to reduce the exposure to rapidly rising costs was the correct one as it led to TACT achieving a better- than-expected result over the projected surplus of $719 for 2016–17. A surplus of $2,500 has been budgeted for the coming 2017–18 year, with TACT and the clubs pooling resources to hold a duathlon as well as a club triathlon.

This second year on the Board as Treasurer has been much easier due to the improved financial position. My thanks go to the Association’s current staff: Craig Johns (Executive Director) and Mel Saltiel (Athlete Services Manager) for their highly professional support during the year.

I recommend that the financial statements, as presented, be adopted.

Polly Templeton Treasurer, Triathlon ACT 2016–17

MEMBERSHIP

Membership of Triathlon ACT entitles athletes to:

• Triathlon Australia members’ benefits, including personal accident and public liability insurance and eligibility for selection to Australian teams through the TA membership • Cheaper entry fees for Triathlon ACT events • Eligibility to accumulate points in the Triathlon ACT Point Scores (age group and overall) • Eligibility to nominate other Triathlon ACT members for the Triathlon ACT special awards • Eligibility to be nominated for the Triathlon ACT special award • Access to development courses (coaching, officiating) • Access to Triathlon ACT partner discounts.

We encourage competitors in Triathlon ACT triathlons to purchase membership by: • Promoting membership via newsletter, website, print material and club visits • Phoning non-renewing members and past competitors at the beginning of each season • Applying One Day Membership charges at all races for non-members • Requiring membership for entry to certain races in Australia.

Triathlon ACT Membership is promoted and encouraged by Triathlon ACT through communication with competitors and the triathlon community as a whole.

Membership at 30 June 2017 was at 1,052.

CLUB MEMBER DATA

Club 2016–17 2015–16 2014–15 2013–14 2012–13 2011–12 2010–11 Triathlon ACT 1,052 1,001 1,042 638 546 444 435 ACT Defence 36 24 31 - - - - Canberra Bilbys Triathlon 309 277 247 - - - - Exceed Fitness 23 27 29 - - - - Females in Training 328 306 345 - - - - FIT 2 TRI Triathlon Club 21 23 25 - - - - Fortitude Performance Coaching 2 0 0 - - - - Goulburn Triathlon Club 61 68 79 - - - - Performance Triathlon Coaching 92 82 83 - - - - Tridents Triathlon Club 15 16 25 - - - - Vikings Triathlon Club 155 164 160 - - - - No Club 10 14 18 - - - -

SPONSORSHIP & GRANTS

Grants

ACT Government: Sport and Recreation

The ACT Government, through Active Canberra (Sport and Recreation) ACT’s Operational Program, continued their support of Triathlon ACT in 2016–17 (although it should be noted that Sport and Recreation provides financial support on a calendar year basis, while this report is prepared on a financial year basis). Triathlon ACT maintained its triennial funding through to the end of 2019.

The ACT Government, through Active Canberra (Sport and Recreation) ACT’s Inclusion Program, provided a one-off grant to support initiatives to increase the number of ACT children who are disadvantaged, to get active more often. The funding is being utilised to develop a children’s paratriathlon participation resources to prepare students for the Sanitarium Weet-Bix Kids TRYathlon event.

Commercial Sponsorship

• East Hotel • Canberra Southern Cross Club • Project Clothing • Pure Sports Hydration • SportsCare and Physiotherapy • The Runners Shop

Triathlon ACT – Membership Comparisons by Age Group

Member Type 2016–17 2015–16 2014–15 2013–14 2012–13 2011–12 2010–11 2009–10 2008–09 2007–08 2006–07 2005–06 2004–05 2003–04 2002–03

Female U20 36 43 48 52 51 22 46 32 52 59 56 59 51 41 40

Female 20–29 87 82 80 64 44 28 72 71 68 68 62 78 68 76 82

Female 30–50 347 315 350 161 141 92 139 160 114 173 126 130 114 124 115

Female 51+ 171 171 161 41 33 31 33 35 24 24 17 17 15 21 21

Male U20 39 43 54 53 46 34 57 38 77 69 73 69 52 52 26

Male 20–29 50 36 42 41 32 32 55 61 49 47 40 46 50 55 58

Male 30–50 221 216 219 165 152 142 135 171 165 172 181 171 186 195 181

Male 51+ 101 95 88 61 48 61 57 67 65 55 47 50 46 44 38

TOTAL 1052 1001 1042 638 547 442 594 635 614 667 602 620 582 608 561

COMMUNICATION

Triathlon ACT EDM (Over 2,000+ / month subscribers) An email (eDM) newsletter is circulated to over 2,000 subscribers monthly. The eDM details upcoming events, sponsor promotions, programs, education tips, results and other triathlon news.

Triathlon ACT Website (over 200,000 visitors per year, up 11%) The Triathlon ACT website is a modern, user friendly website for members, sponsors and other stakeholders. It contains information about upcoming races, race results, the race calendar incorporating interstate and national events. Triathlon ACT sponsors are advertised on the website.

Triathlon ACT Facebook (2,010+ likes, up 15%) Triathlon ACT’s presence on social media has increased during the last year, enabling us to communicate more directly with our members and participants. We have now exceeded 2,000 Facebook followers. The Facebook page provides regular content on training tips, keeping healthy, sponsor messages, results, upcoming events and other triathlon related news.

SPORT DEVELOPMENT

Triathlon ACT, through affiliated clubs Bilbys, Vikings and FIT, actively introduced approximately 150 newcomers to the sport through the annual Novice Triathlon Program. Through this program, Triathlon ACT provided support to the clubs to deliver suitable training to novices at a club level in the lead-up to the ACT Triathlon Series.

Triathlon ACT TRYkids Childrens Series once again attracted participants from all over the ACT. The Vikings Triathlon Club, Performance Triathlon Coaching and Canberra Grammar School organised a junior participation triathlon program this season.

Twelve ACT athletes joined the Junior Development Program in 2016–17. Athletes attended seminars with experts providing advice on skills acquisition and other performance topics to support their training. Members who attended the Australian Youth and Junior Triathlon Series were provided ACT team trisuits and polo shirts.

ACT is seeing a rise in the number of paratriathletes training and competing in the region. Performance Triathlon Coaching is providing suitable training opportunities for athletes, including Triathlon Australia’s high performance team members. Three paratriathletes were selected and competed at the 2016 Rio Paralympic Games, with Katie Kelly (and her Guide, Michellie Jones) winning gold in the PT5 category. Corey Bacon was the Head Coach for the 2016 Rio Paralympic Triathlon Team.

Three Triathlon Australia coach accreditation courses were held in the ACT during the 2016–17 season. Eight participants attended a Club & Community course, ten participants attended a Development course, and no one from the ACT attended the Performance course.

There were no Technical Official courses held in the ACT during the 2016–17 season. This was due to our healthy technical official numbers currently active in the region.

TRIATHLON AUSTRALIA – 2017 CELEBRATION OF CHAMPIONS ANNUAL AWARDS

• Corey Bacon (PTC) – Age Group Coach of the Year Award • Ken Uren – Legend of the Sport • Katie Kelly – Paratriathlete of the Year • Katie Kelly – Female Performance of the Year • Chloe Bateup – 1st Triathlon Australia Youth B Series • Conor Sproule – 3rd Triathlon Australia Under 23 Series

2016 AUSTRALIAN PARALYMPIC TEAM – RIO DE JANEIRO

• Katie Kelly (PTC) PT5 Paratriathlon – Gold Medal • Michellie Jones (PTC) PT5 Paratriathlon (Guide) – Gold Medal • Kate Doughty (PTC) PT4 Paratriathlon – 5th • Nic Beveridge (PTC) PT1 Paratriathlon – 9th • Corey Bacon (PTC) Australian Team Head Coach • Emily Tapp (PTC) Wheelchair Racing – Withdrew due to injury

WORLD CHAMPIONS

• Rowan Beggs-French – 1st Mixed Team Relay ITU World Cross Triathlon Championships (Elite) • Rowan Beggs-French – 1st ITU World Cross Triathlon Championships (Male 25–29) • Penny Slater – 1st ITU World Cross Triathlon Championships (Female 20–24)

INTERNATIONAL EVENT CHAMPIONS

• Emily Tapp – 1st 2017 Gold Coast ITU World Paratriathlon Event • Emily Tapp – 1st 2017 Devonport Oceania Triathlon Union Paratriathlon Championships • Kate Doughty – 1st 2017 Gold Coast ITU World Paratriathlon Event • Kate Doughty – 1st 2017 Devonport Oceania Triathlon Union Paratriathlon Championships • Kate Doughty – 1st 2017 Yokohama ITU World Paratriathlon Event

NATIONAL CHAMPIONS

• Grant Thomas – 1st Ironman Australia (Male 55–59) • Penny Slater – 1st Australian Cross Triathlon Championships (Elite) • Lachlan Lewis – 1st Australian Aquathlon Championships (Male 75–79) • Trent Dawson – 1st Australian Aquathlon Championships (Male 35–39)

TRIATHLON ACT EVENTS

In 2016–17 TACT organised four races in the ACT Aquathlon series, with all other triathlon and duathlon events being licensed out or delivered by event management companies.

Members were eligible to accrue points in either the Junior, Novice, Age Group or Overall Point score categories.

Details of all the races appear below.

TACT Events

Triathlon ACT TRYkids Series: A seven-race summer series was scheduled for school-aged children (7–13 years). The shorter distances targeted first timers, and the more experienced children used this as a stepping stone to competing in the Triathlon ACT Novice Series.

Triathlon ACT Aquathlon Series: Four events targeting first-time competitors, teams, novices, age groupers and elite athletes. The aquathlons offered a fun atmosphere and a chance to compete with no training or previous racing experience. Over 600 athletes registered for the 2016–17 series, with 563 finishing.

TRIATHLON ACT LICENSED EVENTS

Jackie Fairweather Memorial Triathlon: The sprint distance event, which took place at Rond Terrace, was held in honour of the late Jackie Fairweather. The event included a Standard Distance, Sprint Distance (Draft–Legal), Novice Triathlon and TRYkids Triathlon events. Over 500 people registered for the event with 480 people completing the event. For sprint distance competitors, the race was a qualifying event for selection in the Australian Age Group Team at the 2017 ITU Sprint Triathlon World Championships.

Elite Energy Canberra Triathlon Festival: Elite Energy Events, who hosts a popular triathlon series in NSW, introduced a colourful and exciting triathlon festival to Canberra. The event included standard, sprint, enticer and children’s triathlon events. Eight hundred and ninety people registered for the event, with 790 participants

25 completing the event. For standard distance competitors, the race was a qualifying event for selection in the Australian Age Group Team at the 2017 ITU Standard Triathlon World Championships.

Proximity Corporate & Community Triathlon: In its third year, the event took place at Rond Terrace. Elite Energy Events organised the event, which had over 700 registrations and 581 participants competing. Many participants were completing their first triathlon event as either an individual or as part of a relay team.

TACT-SANCTIONED EVENTS

Sri Chimnoy Off-Road Duathlon: Held at Black Mountain, the first race of the season was held off-road. The trail run and MTB cycle legs are gaining more interest each year as off-road triathlon events are growing in popularity. The event had a record field with 122 competitors.

Sri Chimnoy Triple Triathlon: An iconic race that incorporates three triathlons back to back. The event takes in the length of ACT, with the swims being held in Lakes Ginninderra, Tuggeranong and Burley Griffin. A majority of the cycle and run segments are off-road through Canberra’s stunning trail networks. The event is open to individuals and teams. Nine individuals and 85 relay teams took part in the event.

Sanitarium Weet-Bix Kids TRYathlon: The world’s largest junior triathlon series continues to grow from strength to strength, with Canberra selling out for the third year in succession. Held at the Australian Institute of Sport, the event is all about participation and getting kids active. Over 1,500 children participated in the event.

Sri Chimnoy Multisport: This multisport event includes run, kayak, MTB and run segments and is aimed at introducing athletes to multisport racing. Six individuals and 44 relay teams took part in the event, which was held in Jindabyne.

ACT TECHNICAL REPORT 2016–17

The period 1 July 2016 to 30 June 2017 was a reasonable season for the ACT, as per the following information.

We have 22 officials on the Active register as at 30 June 2017, which is a decrease of 12 ACT Technical Officials over last season, with officials having retired, left the Technical Program due to other commitments, or are now living interstate:

Level 1 (LTO) Level 2 (RTO) Level 3 (ATO) TOTAL Male 4 6 0 10 Female 7 2 3 12 Total 11 8 3 22

Over the 2016–17 season: • 48 local TO positions were allocated and present over 10 summer local events and festivals • 2 local TO positions were allocated and present over 1 winter event • The cancellation of the T3X Canberra Endurance Festival put a big hole in the TO allocations for the rest of the season, making it difficult to ensure that all TOs maintained their accreditation, especially the LTOs (Level 1s) • No interstate officials were present at any ACT events.

A number of ACT TOs went interstate to officiate at other sanctioned events, which helped to broaden their technical experience: • 4 to ITU World Cross Triathlon Championships, Lake Crackenback • 4 to ITU World Triathlon Series, Gold Coast • 3 to ITU World Cup, Mooloolaba • 2 to Elite Energy Big Husky Triathlon Festival • 6 to Elite Energy Batemans Bay Triathlon Festival • 1 to OTU Oceania Championships, Devonport • 1 to Australian Schools Sport Championships, Penrith • 1 to Busselton Ironman 70.3 • 2 to Western Sydney Ironman 70.3 • 1 to Port Macquarie Ironman 70.3

The Sanitarium Weet-Bix Kids TRYathlon, in Canberra, was sold out for the third consecutive year. The Race Director is considering options to increase the capacity of the event.

Training No training was scheduled for this season.

Future Courses • An LTO (Level 1) course is scheduled for 16 November 2017 • An ITU Level 2 Technical course is scheduled for July 2017 • An ATO (Level 3) course is scheduled for 1–3 September 2017 and we will have 1 attendee

Future Events: Based on the information received to date, we have two winter events this season –the Sri Chinmoy Off-Road Duathlon and the ACT Duathlon Championships.

The advertised ACT summer calendar has one large (Sanitarium Weet-Bix Kids TRYathlon), three medium (less than 1000 competitors) and six small events for the coming summer season.

Three events are World Championship Qualifying (WCQ) events: • Jackie Fairweather Memorial Triathlon (Sprint Triathlon Qualifier) • Elite Energy Canberra Triathlon Festival (Standard Triathlon Qualifier) • ACT Aquathlon Championships (Aquathlon Triathlon Qualifier)

Last season we were advised that our events were ‘not Events of National Significance, according to the TA policy, so (we) could appoint your own STTs.’ So I don’t know if the TA Technical Selection Committee will be selecting the Senior Technical Team (STT) positions for the events listed as World Qualification Events or not which would mean interstate Officials will be allocated the STT positions with TA funding.

Concerns Each ACT official needs to maintain their annual accreditation with three events each season. To maintain accreditation for 22 TOs we require 66 Technical (Field of Play) (FOP) positions. The ATO (Level 3) officials need to have a least one STT position of Race Referee or Technical Delegate at the World Qualification Events level and the RTO (Level 2) officials require at least one STT local position as well.

The ACT Calendar currently shows 12 winter and summer events, which equates to 54 Technical FOP positions. This means we will be short 12 FOP Technical positions in the ACT events as long as we don’t have any interstate Officials in the ACT. Therefore, to maintain their accreditation ACT TOs will have to travel

28 interstate. We had nine ACT TOs travel interstate this season so I assume we will have about eight that will do the same next season. We will need to look at some financial support for travel so we can maintain our active accredited ACT Technical base.

On the plus side, the three WCQ events will provide a good training ground for the technical hierarchical structure which is required for all National and ITU events.

The number of Active Officials has decreased since last season, but they will increase after the LTO (Level 1) course. I assume we will have about ten new LTOs to cater for in the accreditation equation.

Gai Webster TA Technical Delegate

ANNUAL AWARD PRESENTATION

The annual award presentation was held at Canberra Southern Cross Club, Woden on 16 June 2017.

Triathlon ACT would like to congratulate the following award winners for 2016–17:

Paratriathlete of the Year Novice of the Year Katie Kelly (PTC) Courtney Weller (Bilbys)

Darren Luskey Award for Ironman Achievement Technical Official of the Year Grant Thomas (Bilbys) Katie Binstock (Bilbys)

Rachel Baker Outstanding Achievement Triathletes of the Year Adam Rudgley (PTC) Male – Daudi Somi (PTC) Female – Emily Stacey (Bilbys) Special Achievement in Coaching Corey Bacon (PTC) Novice Triathlete of the Year Male – Joseph Walshe (Bilbys) Simon Thompson Award for Most Outstanding Achievement by a Junior Female – Courtney Weller (Bilbys) Chloe Bateup (PTC) Triathlon ACT Junior Winner Volunteer of the Year 12–13: Chloe Bateup (PTC) & Taj Hutchinson (PTC) Katie Binstock (Bilbys) 14–15: Julia Sproule (PTC) & Aaron Passioura (PTC) 16–19: Lauren Elliott (PTC) & Callum McClusky (PTC)

Triathlon ACT Novice Age Group Winner 20–24: Pauline Unterberger (FIT) / Angus McLennan (Bilbys) 45–49: Nina Gallop (FIT) / Tony Maxwell (Bilbys) 25–29: Emily Hill (Bilbys) / Joseph Walshe (Bilbys) 50–54: Barbara McKay (Vikings) / Stephen Avery (Vikings) 30–34: Courtney Weller (Bilbys) / Stephen Williamson (Bilbys) 55–59: Elaine McLaren (FIT) 35–39: Kate Wilson-Smith (FIT) / Shane Kelly (Bilbys/Defence) 60–64: Patricia Lentfer (Vikings) 40–44: Jannine Horner (FIT) 65–69: Renee Hart (Vikings)

Triathlon ACT Series Age Group Winner 20–24: Sophie Woolford (Vikings) / Harry Jones (Exceed) 50–54: Sharon Humprhies (PTC) / Perry Blackmore (Bilbys) 25–29: Lauren Hendriks (Bilbys) / Daudi Somi (PTC) 55–59: Leanne Tennant (FIT) / Brett Haussmann (Vikings) 30–34: Jacqui Pham (Bilbys) / Mark Bateman (PTC) 60–64: Robyn McClelland (FIT) / Robbin Collins (Bilbys/Exceed) 35–39: Emily Stacey (Bilbys) / Wayne Corlis (PTC/Vikings) 65–69: Nerida Clarke (FIT) / David Baussmann (Bilbys) 40–44: Sarah Whitakker (Exceed) / Scott Tyo (Bilbys) 70–74: John Rogers (Trident) 45–49: Alison Hale (Vikings) / Simon Ernst (Bilbys) 75–79: Lachlan Lewis (Bilbys)

Triathlon ACT Incorporated

ABN 44 330 274 536

FINANCIAL REPORT For the year ended 30 June 2017

Prepared by Elucidate Accouting & Tax C/- Elucidate Accounting & Tax GPO Box 1481 CANBERRA ACT 2601 Triathlon ACT Incorporated ABN 44 330 274 536 INCOME STATEMENT For the year ended 30 June 2017 2017 2016 Note $ $ Cost of sales 2 (2,160.00) (19,963.00) Gross deficit (2,160.00) (19,963.00)

Other revenues from ordinary activities 3 203,635.00 281,920.00 Office maintenance expenses 4 (4,900.00) (2,764.00) Administrative expenses 5 (4,696.00) (3,787.00) Selling expenses 6 (61.00) - Other operating expenses 7 (47,835.00) (106,525.00) Personnel expenses 8 (112,461.00) (163,553.00) Depreciation and amortisation expenses 9 (8,098.00) (11,028.00) Other income 10 1,101.00 1,314.00 Other expenses 11 - (1.00) SURPLUS FROM ORDINARY ACTIVITIES BEFORE INCOME 24,525.00 (24,387.00) TAX Retained surplus at the beginning of the financial year 47,856.00 72,243.00 TOTAL AVAILABLE FOR APPROPRIATION 72,381.00 47,856.00

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached compilation report. Page 2 Triathlon ACT Incorporated ABN 44 330 274 536 BALANCE SHEET As at 30 June 2017 2017 2016 Note $ $ CURRENT ASSETS Receivables 12 16,424.00 14,279.00 Cash assets 13 121,586.00 112,562.00 Other assets 14 2,960.00 4,814.00 TOTAL CURRENT ASSETS 140,970.00 131,655.00 NON-CURRENT ASSETS Property, plant and equipment 15 6,938.00 13,418.00 TOTAL NON-CURRENT ASSETS 6,938.00 13,418.00 TOTAL ASSETS 147,908.00 145,073.00

CURRENT LIABILITIES Payables 16 14,744.00 8,666.00 Provisions 17 6,244.00 10,128.00 Personnel-related items 18 911.00 - Tax liabilities 19 1,240.00 - Other current liabilities 20 52,388.00 78,423.00 TOTAL CURRENT LIABILITIES 75,527.00 97,217.00 TOTAL LIABILITIES 75,527.00 97,217.00 NET ASSETS 72,381.00 47,856.00

EQUITY Accumulated surplus 72,381.00 47,856.00 TOTAL EQUITY 72,381.00 47,856.00

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached compilation report. Page 3 Triathlon ACT Incorporated ABN 44 330 274 536 TRADING, PROFIT AND LOSS STATEMENT For the year ended 30 June 2017 2017 2016 $ $ LESS COST OF GOODS SOLD Purchases: Event Timing 1,000.00 1,700.00 Event Traffic Management - 18,263.00 Event Water Saftey 1,160.00 - 2,160.00 19,963.00

2,160.00 19,963.00 GROSS DEFICIT FROM TRADING (2,160.00) (19,963.00)

INCOME Commercial Income 14,687.00 12,285.00 Events Income 30,963.00 110,177.00 Grants Revenue 70,000.00 77,000.00 Membership and Affiliation Income 78,477.00 74,499.00 Other Contribution Income 2,500.00 6,235.00 Sundry Income 7,008.00 1,724.00 Interest received 1,101.00 1,314.00 204,736.00 283,234.00 EXPENDITURE Audit Fees 1,000.00 1,000.00 Bank charges 323.00 442.00 Cleaning 240.00 - Depreciation 8,098.00 11,028.00 Dues and subscriptions 880.00 155.00 Entertainment 61.00 - Grants to Other Organisations - 91.00 IT Services 618.00 504.00 Insurance 1,780.00 1,749.00 Interest on revolving credit - 1.00 Legal services 156.00 - Marketing & Communications 7,895.00 20,605.00 Photocopying & Printing 795.00 1,209.00 Postage, Freight & Couriers 1,169.00 2,320.00 Project Activities 21,940.00 67,291.00 Rent 8,017.00 7,135.00 Repairs and maintenance 2,378.00 588.00 Security 502.00 427.00 Small Asset Purchases 1,089.00 223.00 Staffing & Contractors 112,461.00 163,553.00 Stationary & Office Supplies 374.00 706.00 Sundry expenses 3,361.00 5,376.00

These statements should be read in conjunction with the attached compilation report. Page 4 Triathlon ACT Incorporated ABN 44 330 274 536 TRADING, PROFIT AND LOSS STATEMENT For the year ended 30 June 2017 2017 2016 $ $ Telephone, mobile and fax 2,337.00 2,190.00 Travel & Accomodation 2,577.00 1,065.00 178,051.00 287,658.00 SURPLUS FROM ORDINARY ACTIVITIES BEFORE INCOME TAX 24,525.00 (24,387.00) Retained surplus at the beginning of the financial year 47,856.00 72,243.00 TOTAL AVAILABLE FOR APPROPRIATION 72,381.00 47,856.00

These statements should be read in conjunction with the attached compilation report. Page 5 Triathlon ACT Incorporated ABN 44 330 274 536 STATEMENT OF CHANGES IN EQUITY As at 30 June 2017 2017 2016 $ $

Total equity at the beginning of the financial year 47,856.00 - Surplus attributable to members 24,525.00 (24,387.00) Transfers to and from retained surpluses - 72,243.00 Total equity at the end of the financial year 72,381.00 47,856.00

These statements should be read in conjunction with the attached compilation report. Page 6 Triathlon ACT Incorporated ABN 44 330 274 536 STATEMENT OF CASH FLOWS For the year ended 30 June 2017 2017 2016 Note $ $ CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers (2,145.00) (14,279.00) Payments to suppliers and employees (31,975.00) 76,162.00 Interest received 1,101.00 1,314.00 Finance costs - (1.00) Taxes paid 911.00 - Net cash provided by operating activities 21 (32,108.00) 63,196.00

CASH FLOWS FROM FINANCING ACTIVITIES Net increase in cash held 9,024.00 111,877.00 Cash at the beginning of year 112,562.00 685.00 Cash at end of year 121,586.00 112,562.00

These statements should be read in conjunction with the attached compilation report. Page 7 Triathlon ACT Incorporated ABN 44 330 274 536 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2017 2017 2016 $ $

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES a. This financial report is a special purpose financial report prepared for use by directors and members of the company. The directors have determined that the company is not a reporting entity.

The financial report has been prepared in accordance with the requirements of the following Australian Accounting Standards:

AASB 1031: Materiality AASB 110: Events after the Balance Sheet Date

The financial report is prepared on an accruals basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets.

The following specific accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this report: b. Property, Plant and Equipment Property, plant and equipment are carried at cost, independent or directors' valuation. All assets, excluding freehold land and buildings, are depreciated over their useful lives to the company. c. Inventories Inventories are measured at the lower of cost and net realisable value. Costs are assigned on a first-in first-out basis and include direct materials, direct labour and an appropriate proportion of variable and fixed overhead expenses.

NOTE 2: COST OF SALES Purchases: Event Timing 1,000.00 1,700.00 Event Traffic Management - 18,263.00 Event Water Saftey 1,160.00 - 2,160.00 19,963.00 2,160.00 19,963.00

NOTE 3: OTHER REVENUE Commercial Income 14,687.00 12,285.00 Events Income 30,963.00 110,177.00 Grants Revenue 70,000.00 77,000.00 Membership and Affiliation Income 78,477.00 74,499.00 Other Contribution Income 2,500.00 6,235.00 Sundry Income 7,008.00 1,724.00 203,635.00 281,920.00

These notes should be read in conjunction with the attached compilation report. Page 8 Triathlon ACT Incorporated ABN 44 330 274 536 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2017 2017 2016 $ $ NOTE 4: OFFICE MAINTENANCE EXPENSES Cleaning 240.00 - Insurance 1,780.00 1,749.00 Repairs and maintenance 2,378.00 588.00 Security 502.00 427.00 4,900.00 2,764.00

NOTE 5: ADMINISTRATIVE EXPENSES Audit Fees 1,000.00 1,000.00 Bank charges 323.00 442.00 Dues and subscriptions 880.00 155.00 Legal services 156.00 - Telephone, mobile and fax 2,337.00 2,190.00 4,696.00 3,787.00

NOTE 6: SELLING EXPENSES Entertainment 61.00 -

NOTE 7: OTHER OPERATING EXPENSES Grants to Other Organisations - 91.00 IT Services 618.00 504.00 Marketing & Communications 7,895.00 20,605.00 Photocopying & Printing 795.00 1,209.00 Postage, Freight & Couriers 1,169.00 2,320.00 Project Activities 21,940.00 67,291.00 Rent 8,017.00 7,135.00 Small Asset Purchases 1,089.00 223.00 Stationary & Office Supplies 374.00 706.00 Sundry expenses 3,361.00 5,376.00 Travel & Accomodation 2,577.00 1,065.00 47,835.00 106,525.00

NOTE 8: PERSONNEL EXPENSES Staffing & Contractors 112,461.00 163,553.00

NOTE 9: DEPRECIATION AND AMORTISATION EXPENSES Depreciation 8,098.00 11,028.00

NOTE 10: OTHER INCOME Interest received 1,101.00 1,314.00

These notes should be read in conjunction with the attached compilation report. Page 9 Triathlon ACT Incorporated ABN 44 330 274 536 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2017 2017 2016 $ $ NOTE 11: OTHER EXPENSES Interest on revolving credit - 1.00

NOTE 12: RECEIVABLES Trade debtors 16,424.00 14,279.00

NOTE 13: CASH ASSETS Beyond Bank monEsaver 69,390.00 48,374.00 S70 Small biz 10,060.00 59.00 St George #201 519.00 439.00 St George #763 20,901.00 42,553.00 St George #295 20,031.00 20,452.00 Petty cash 685.00 685.00 121,586.00 112,562.00

NOTE 14: OTHER ASSETS Accrued Income 2,960.00 4,814.00

NOTE 15: PROPERTY, PLANT AND EQUIPMENT Plant and equipment at cost 16,987.00 15,369.00 Less accumulated depreciation (15,369.00) (15,369.00) Sporting Equipment at Cost 168,965.00 168,965.00 Less Accumulated Depreciation (Sporting Equipment) (163,645.00) (155,547.00) 6,938.00 13,418.00

NOTE 16: PAYABLES Trade creditors 14,744.00 8,666.00

NOTE 17: PROVISIONS Provision for holiday pay 6,244.00 10,128.00

NOTE 18: PERSONNEL-RELATED ITEMS Superannuation payable 911.00 -

NOTE 19: TAX LIABILITIES GST collected 1,240.00 -

NOTE 20: OTHER LIABILITIES Accrued charges 7,395.00 35,394.00 Income in advance 44,993.00 43,029.00 52,388.00 78,423.00

These notes should be read in conjunction with the attached compilation report. Page 10 Triathlon ACT Incorporated ABN 44 330 274 536 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2017 2017 2016 $ $ NOTE 21: CASH FLOW INFORMATION For the purposes of the statement of cash flows, cash includes cash on hand and in at call deposits with banks or financial institutions, investments in money market instruments maturing within less than two months, net of bank overdrafts a. Reconciliation of Cash

Cash at the end of the reporting period as shown in the statement of cash flows is reconciled to the related items in the statement of financial position as follows :

Cash on hand 121,586.00 112,562.00 b. Reconciliation of CashFlow from Operations with Profit from Ordinary Activities after Income Tax

Surplus after income tax 24,525.00 (24,387.00) (Increase) / Decrease in trade and other receivables (2,145.00) (14,279.00) Increase / (Decrease) in trade and other payables (19,957.00) 87,089.00 Increase / (Decrease) in taxes payable 2,151.00 - Increase / (Decrease) in provisions (3,884.00) 10,128.00 Cash flow from operations 690.00 58,551.00

These notes should be read in conjunction with the attached compilation report. Page 11