Department of Business and Innovation Annual Report 2010 -11 Table of Contents

01 OVERVIEW 4 Secretary’s Foreword 5 Our Ministers 7 Organisation Chart 8 Governance Arrangements 9 DBI Corporate Plan 2009-12 10

02 STRATEGIC OBJECTIVES 11 Increase Investment 12 Increase Exports 14 Retain and Create Jobs 16 Increase Skills 17 Regional Growth 18 Flood Support 19

03 FINANCIAL REPORT 20

04 APPENDICES 97 01 Overview DBI ANNUAL REPORT 2010 - 2011 01 OVERVIEW PAGE 5

Secretary’s Foreword Secretary’s DEPARTMENTAL ACHIEVEMENTS DEPARTMENTAL of the Department is aCentral to the work export range of activities aimed at delivering opportunities attraction and investment the Department -11, In 2010 Victoria. to and $2.7 billion in investment facilitated over closely with individual businesses on an Despite the adversity noted above, the State noted above, Despite the adversity has been able to sustain good economic and Strong commodity prices growth. employment Victoria in regional rainfall average and above resulted in income growth -11 during 2010 continues to which sector, in the agricultural of drought. from a number of years recover dollar andAustralian the high However, Victoria’s higher oil prices are challenging international education manufacturing, and tourism industries. Manufacturing with -11, throughout 2010 activity slowed sector particularly affected the automotive The to supply from Japan. disruption by to exports also affected in Japan earthquake that region of meat, vegetables and processed foods. to remain high dollar is likely Australian The as long as there is strong global demand high commodities, a relatively Australian for in growth and economic interest rate setting While remains sluggish. Europe and the USA ofthese trends continue, increasing the rate more critical in productivity growth will be even and economy Victorian to the health of the will remain one of the principal targets of the activities. Department’s requires economy An open and competitive to businesses to be able to adapt quickly that the Department also It follows change. focusing and responsive, needs to be flexible experiencedon finding solutions to problems that impose unnecessary businesses by problemsThese costs or impede productivity. workingby will be identified and treated on-going basis. ECONOMIC CONTEXT throughout economy Victorian the in Growth a major forces: four shaped by was 2010-11 continued decline in the rate of productivity in population growth slowdown a growth; migration; due to reductions in net overseas a record high terms of trade; and natural disasters at home and abroad. forecasts Government Commonwealth The for to be 2.25 per cent GDP growth Australian Yasi, Cyclone the floods, by affected 2010-11, Zealand and Japan. in New and earthquakes GSP Victoria’s Budget forecasts Victorian The to be 2.5 per cent, slightly 2010-11 in growth higher than the national forecast. MACHINERY-OF-GOVERNMENT CHANGES MACHINERY-OF-GOVERNMENT elected Coalition the newly In December 2010, announced machinery-of- Government the Department that saw changes government of Innovation, Department The reshaped. becameIndustry Development and Regional the Department of Business and Innovation Victoria included Skills changes The (DBI). of Education to the Department transferring part of and Early Childhood Development; across moving Victoria Development Regional to the Department of Planning and Community and the public sector Development; to the industrial relations function transferring and Finance. Treasury Department of of the Department aims to help focus new The by economy and vibrant diverse Victoria’s grow supporting pro-business policies and programs industries. of innovative and the development DBI engages with businesses large and small at and represents their needs to government all levels. to an opportunity provided changes These of the Department, to the structure review policy Government’s ensure it reflects the new priorities and utilises the skills and talents of that is best able to deliver our people in a way Government. of the new on the objectives DBI ANNUAL REPORT 2010 - 2011 01 OVERVIEW PAGE 6 immediate environs. refurbishment ofHamerHalland its which includesinteriorandexternal Southbank Cultural Precinct Redevelopment, onthe$128.5 underway 1ofthe millionStage redevelopment. Construction works are 1Melbourne Park $363 millionStage on theEasternPlazacomponentof continued in2011. In April, work commenced Works onanumberofmajorprojectshave a holiday onMelbourneCupDay. recognise events oflocalsignificance,inlieu to make substitute holiday arrangements to enacted. The also 2011 Act Amendment Holidays Public was shop tradingrestrictionsonEasterSunday. The TradingShop Reform (1996) Act Legislation was enactedin2011 toamendthe trade missions. in key marketsoftargeted throughthedelivery todevelopVictorian industry new connections The Departmentwillcontinuetosupport its first week. attracting additionalvisitsin morethan8,000 in Victoria’s educationsystem, withthesite Hindi andhasgeneratedsignificantinterest Study Melbournewebsite was launched in automotive sector. As partofthemission, inthe and aMemorandumofUnderstanding seen somerealoutcomesfromproductsales identified duringthetripand we have already Significant businessopportunities were engagement betweenthecommunities. demonstrating thecommitmentfor two-way trade visitsanddelegationsto Victoria, and have welcomed anumberofhigh-level interest fromtheIndianbusinesscommunity mission, we have seenanincreasedlevel of Following thesuccessof April trade with India. under adedicated Trade EngagementProgram Australia toIndia,markingthefirstactivity and ICT. Itwas thelargesttrademissionfrom urbandesign,foodsustainable andbeverage aviation andaerospace,automotive, clean-tech, sectors,including across arangeofindustry consisted ofsome60organisationsfrom led by theHon.Louise Asher. The mission ofamajortrademissiontoIndia, and delivery in thefirsthalfof2011 was thedevelopment A significantundertaking fortheDepartment to $2billion. facilitated andimportsreplacedreached close 6,142 jobs.Inthesameperiod,exports infrastructure projects,expected tocreate Act allows regionalcouncils , toremove

Acting Secretary delivering ontheGovernment’s policyagenda. working withourMinistersandfurther totheyearthis report.Ilookforward ahead, on ourstrategicobjectives, ashighlightedin would like tothankallDBIpeoplefor delivering floods, creatinga I challenging environment. factors, such asthehigh Australian dollarand to theDepartment,andanumberofexternal a new government elected,structural change DBI hasperformed stronglyinayear thatsaw to businesses. offices, tohearfromandprovide advicedirectly the skillssystem inregionalandmetropolitan specific knowledge ofregulation, exports and supported by placingmoreofficerswith encouraging economicgrowth. This isbeing where government canbemosteffective in with businesses,toidentifythoseareas grow itsprogramof, directengagement DBI continuestoplaceanemphasison,and requests for quotations. significantly expand SMEaccesstoDBI’s It isexpected thatthisdevelopment will the Business Victoria andDBIweb sites. medium enterprises(SMEs). Access isvia are puttoanelectronicmarket for smallto Victorian Government Purchasing Board), purchaseState contractsoverseen by the that allDBIcontractsover $10,000 (excluding procurementsystem,eQuotations requiring The Departmenthasimplemented an to affected areas. Program designedtoencourage visitorsback ofa implementation Tourism FloodRecovery program andtheMobileBusinessCentre through SmallBusiness Victoria’s mentoring of adviceonbusinessrecovery, offered affected by thefloods. This includesprovision tosupportbusinesses a rangeofservices bodies,theDepartmentisdelivering industry concert withothergovernment agenciesand response tothe2010 andearly2011 floods.In contributed significantlytotheGovernment’s development agency, theDepartmenthas As theleadeconomicandbusiness andisnowestablished operational. The CarbonMarket Institute hasbeen Alf Smith

DBI ANNUAL REPORT 2010 - 2011 01 OVERVIEW PAGE 7 Our Ministers Our 05 04 02 03 01

R Minister for Innovation, Services Innovation, Minister for and Small Business Minister for Tourism and Major Events Tourism Minister for and Industrial Employment Minister for Relations Exports Manufacturing, Minister for and Trade Parliamentary Secretary Small Business for Minister Technology for the aviation Minister responsible for industry Minister for Major Projects Minister for

05 ussell Northe MP OUR PARLIAMENTARY SECRETARY OUR PARLIAMENTARY OUR MINISTERS The01 Hon. Louise Asher MP 02 The Hon. Richard Dalla-Riva MLC 03 The Hon. Dr Denis Napthine MP 04 The Hon. Gordon Rich-Phillips MLC Department ofBusinessandInnovation Organisational Chart DBI ANNUAL REPORT 2010 - 2011 01 OVERVIEW PAGE 8

MINISTER FOR INNOVATION, SERVICES MINISTER FOR EMPLOYMENT AND MINISTER FOR MAJOR PROJECTS MINISTER FOR TECHNOLOGY AND SMALL BUSINESS INDUSTRIAL RELATIONS The Hon. Dr Denis Napthine MP MINISTER RESPONSIBLE FOR THE MINISTER FOR TOURISM AND MINISTER FOR MANUFACTURING, AVIATION INDUSTRY MAJOR EVENTS EXPORTS AND TRADE The Hon. Gordon Rich-Phillips MLC The Hon. Louise Asher MP The Hon. Richard Dalla-Riva MLC PARLIAMENTARY SECRETARY SMALL BUSINESS Russell Northe MP SMALL BUSINESS COMMISSIONER SECRETARY RISK AND AUDIT COMMITTEE A/g Peter Lisle Howard Ronaldson

CORPORATE SERVICES TRADE AND INVESTMENT AND INNOVATION AND POLICY TOURISM AND AND INDUSTRY MAJOR PROJECTS TECHNOLOGY AVIATION Deputy Secretary COMMUNICATIONS DEVELOPMENT Deputy Secretary Deputy Secretary John Robinson CEO/Deputy Secretary Deputy Secretary Deputy Secretary Alf Smith Randall Straw A/g Mark Stone* Rob Barr Justin Hanney

Finance Workforce Participation International Major Projects Victoria Technology Industries Policy and Research Tourism Victoria Coordination Office - Marketing - Strategy & Policy

Human Resources Private Sector Industrial VGBO Commissioners (8) Invest Assist Science and Technology Strategic Planning Investment Attraction Relations & Legal Programs & Ministerial Services

Information Management Small Business Victoria Defence and Aerospace Melbourne Market Innovation and Policy Projects Aviation Services and Technology Industries Relocation Project Technology Capabilities

Legal, Audit and Risk Business Engagement International Education Science and Technology Regulation Reform Management Policy

Strategic Investment Attraction Economic Projects Economic Infrastructure Communications

Business Services Investment and Trade Food and Beverage Marketing

Business Victoria Online Export Development Regional Industry * John Dalton has been A/g CEO/ Investment Deputy Secretary Tourism and Aviation since 6 June 2011. DBI ANNUAL REPORT

2010 - 2011 01 OVERVIEW PAGE 9

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hair hair al member (from December 2010) December 2010) member (from November Independent (to 2011) June (from (to December 2010) December (to Independent member Independent member Independent member Department Independent c Independent c

Fiona Bennett Kelsall Merran Lewinski Peter Sonja Gibson Stewart Leslie Leslie Stewart Perry Michael > > > > > > > > > > > > RISK AND AUDIT COMMITTEE is an Committee Audit Risk and The independent body established in accordance 1994 Act Management with the Financial risk-management activity and key It reviews internal control, including internal of systems audit. and external operates under an approved committee The and comprises an independent charter three independent members and one chair, Members of the departmental member. were: Committee Audit DBI Risk and 2010-11 Information Management and Technology Technology and Information Management Deputy the by Strategy Board: chaired Secretary Corporate Services and developing Communications, responsible for management information strategies for business and significant new initiatives and establishingsystems the appropriate arrangements. governance by chaired Committee: Information Security the Deputy Secretary Corporate Services and ensuringCommunications, responsible for securityinformation practices, including are awareness and staff policies, systems in maintaining the integrity of effective withDepartmental and compliance information legislation and standards. relevant the by Unit: chaired Accredited Purchasing Deputy Secretary Corporate Services and overseeing Communication, responsible for procurement and contracting the Department’s assigned processes through delegated powers Board. Purchasing Government Victorian the by Governance Arrangements Governance

building a high-performance culture; and culture; building a high-performance relationships with managing actively stakeholders. determining the Department’s strategic determining the Department’s policy; direction, consistent with government appropriately resourcing the Department’s activities; contains clearly defined structures and contains clearly defined structures relationships; and maintains monitoring and performance processes. review has established processes for developing has established developing processes for organisational strategy and direction; ensures compliance and accountability; > > > > > > > > > > committees, SecretaryThe key is assisted by including the: the by chaired Planning Committee: long-term strategic provides Secretary, prioritiesleadership on whole-of-portfolio standards corporate and for and challenges, business planning. > > (SMT), the strategically focused leadership(SMT), the strategically focused the Department that provides team for operations, for an integrated approach and prioritisation emphasising accountability, coordination of whole-of-Department issues. SMT consists of the SecretaryThe and Deputy Director, Secretaries, Executive International Coordination, Executive Communications, and Strategic Director, and Strategic Planning Director, Executive Ministerial Services. and is It meets weekly responsible for: > > as head of the Department, Secretary, The is accountable DBI Ministers for to the four SecretaryThe of the Department. governance Team the Strategy and Management chairs > > Governance is the system by which which by is the system Governance and controlled,organisations are directed sound decision for the foundations providing making and accountability. framework: governance DBI’s DBI CorporatePlan2009-12 DBI ANNUAL REPORT 2010 - 2011 01 OVERVIEW PAGE 10 targets. greater consistencywithBudgetPaper No.3 targets toprovide sharetospecific percentage *Note: Regional objective changed from investment, exports andjobsby June 2011. Facilitate 30percentregionalshareof REGIONAL GROWTH full-time orpart-timestudy. Increase theproportionof15-64 year oldsin INCREASE SKILLS Create 150,000 new jobstoDecember2010. CREATE ANDRETAIN JOBS Increase exports to$35billionby 2015. INCREASE EXPORTS infrastructure by 2011. Facilitate $8billionininvestment and INCREASE INVESTMENT development agencyandprovides the The Departmentis Victoria’s leadeconomic Corporate Planinclude: Core objectives asoutlinedin theDBI for theState. that createinvestment, exports andjobs in developing andimplementingpolicies business community. DBIplays amajorrole interface betweengovernment andthe *

02 Strategic Objectives Increase Investment Target > Actual > DBI ANNUAL REPORT 2010 - 2011 02 STRATEGIC OBJECTIVES PAGE 12 acilitate $8billionininvestment acilitate and o theendof2010-11 morethan$11.3

facilitated, exceeding thisthree-year target. billion ininvestment andinfrastructure were infrastructure by 2011. T F 333 jobsintheBiotechnology sector). sector) and1,058new full-timejobs(including sector and$234.2millioninthe Automotive (including $235millionintheBiotechnology expenditure$726.2 millionofdirectcapital supported underthisprogramwillresultin Program (ISP).Itisanticipatedthatprojects $91.5 millionunderthe Investment Support In 2010-11, theGovernment committed ofrural the long-termsustainability Victoria. and infrastructure projectsthatarecriticalto competitiveness andtoattract investment businesses andindustriesincreasetheir including regionally-based staff toassist The DepartmenthaspeopleacrosstheState Victoria which faces additionalchallenges. This inregional isparticularlyimportant the buildingblocks for economicsuccess. andstrengthen build onitsuniquecapability to DBI assistseveryregionoftheState approvalsand regulatory processes. reinvestment such assiteselection,planning that surround a new investment or their way throughthecomplex processes DBI assistsprospective investors inworking investment opportunities. and encourageconsiderationofspecific of understanding Victoria’s capabilities international investment community’s for initiatives thatbuildthenationaland Department. Supportisalsoprovided isasignificantfunctionofthe services new Victorian projects,productsand Facilitating andsupportinginvestment in

72 percentofforecast employment. 130 percentofforecastinvestment capital and 2010-11 revealed thatrecipientshadachieved attracted andfacilitatedby DBIthatmatured in Follow-up on50investment data projects grant payment. employment requiredtoreceive thefull expenditurethe capital and198 percentofthe made. These projectsachieved 134 percentof 100 percentofthegrantcommitmentswere recipients whoreceived agrant payment, In the2010-11 financial year, for thoseISP Hotel inMelbourne. at Torquay Club andtheNaval andMilitary Resort atDromana,the RACVWinery Resort tourism projectsincludingtheDromanaEstate by theDepartmentonanumberofmajor hasalsobeen provided facilitation assistance leverage private sectorinvestment, project In ordertogrow thetourismsectorand automotive future. and cement Victoria’s placeinagreenerglobal vehicle componentspermonthby late2013 Centre. electric The plantwill produce 22,000 in Victoria by theCAST Cooperative Research use new manufacturing technology developed electric NissanLEAFvehicle. The projectwill components for thenew zero emissionall- $21 millionintheproductionofaluminium Nissan Casting Australia willinvest direct jobs. investment isexpected togenerate90new costs whilereducingcarbonemissions. This provide Iveco’s customerswithlower operating remains competitive. CNGtechnology will trucks, thereby helpingtoensurethecompany (CNG) modelstoitslineofMelbourne-built Road Train andCompressedNatural Gas manufacturer, willinvest $17.5 million toadd Iveco Trucks Australia, aglobalvehicle Examples offacilitatedinvestments are: HIGHLIGHTS ANDACHIEVEMENTS:

DBI ANNUAL REPORT 2010 - 2011 02 STRATEGIC OBJECTIVES PAGE 13 DBI manages the Investment Centre Victoria Centre the Investment DBI manages facility (ICV) as a whole-of-Government business promote the State’s designed to within credentials. Facilities and investment range of a wide for the Centre are used and corporate functions and government the ICV During 2010-11 promotional events. inboundhosted a number of international visits. More thandelegations and diplomatic guests used the local and international 19,000 during 2010 -11. ICV facilities

AdAlta Pty Ltd to identify and manufacture AdAlta Pty Ltd to identify and manufacture nano scale antibodies to reduce drug discovery timelines. Starpharma pilot scale Pty develop Ltd to production of a nano-coated agrichemical farmers needthat is both more efficient, so agricultural so that less, and more effective, production is increased. Global Kinetics Corporation Pty theLtd for to Disease KinetGraph System, Parkinson’s system a micro-electro-mechanical develop the treatment of patients with Parkinson’s for Disease. > > > > has aroundVictoria Major Projects of projects in the planning$2.1 billion worth figure reflects bothThis or delivery stages. sector capital public and private investment. include: the Melbourne Park projects These Southbank Cultural project, the Redevelopment the Melbourne Redevelopment, Precinct the Biosciences Redevelopment, Market Centre, E-Gate redevelopment Research planning, the Flinders Street Station Design AlbertCompetition, the State Sports Centre at Development Way Trainshed the Geelong Park, Pier restoration.and the Princes > > IBM Corporation established a global research establishedIBM Corporation a global research laboratory the in Melbourne, and development facility will employThe kind globally. first of its Victorians. 150 Management establishedAsset JP Morgan assetAustralian its the headquarters for in Melbourne, adding tomanagement business reputation as a financial services hub Victoria’s region. Pacific Asia within the Industry Uptake Technologies Small The aimed at driving is an initiative (STIUP) Program adoption and integration of the evaluation, into products, processes small technologies of system and services. It uses an innovative access for be exchanged can which vouchers services, goods, facilities, to small technologies were trial vouchers Three advice or expertise. 2011: announced in March Increase Exports Actual > Target > DBI ANNUAL REPORT 2010 - 2011 02 STRATEGIC OBJECTIVES PAGE 14 xports to$35billionby 2015.

$31.8 billion. In calendary Increase e ear 2010, exports totalled processing businessesanddirectly employs sector, food comprises around 3,500 industry. Itis Victoria’s largestmanufacturing gross value of Australia’s food andbeverage ProductGross State and31percentofthe accounting for $25.4billion(10.5 percent)of significant contributiontotheState’s economy, Victoria’s food andbeveragemakes a industry automotive andfood andbeverage. urbandesign, sustainable financial services, including: education,tourism,ICT, aviation, Victorian inkeysectors capability industry Program was developed for Indiatoshowcase economies. A dedicated Trade Engagement one oftheworld’s largestandfastest growing new andemergingmarkets such asIndia, Victoria’s exports into goodsandservices performance. A key aspectofthisisincreasing businesses toimprove theState’s export The Departmentworks closelywith Victorian goods exports. accounted for around60percentof Victoria’s across toJapan anddown toNew Zealand Victoria’s goodsexports. The regionfromIndia and Saudi Arabia –make up54percentof China, New Zealand,Japan, theUnitedStates countries andthetopfive – export markets connections. Victoria exports toaround200 best practice,andstrengthensinternational innovation, technology transfer andworld- generates wealth, drives productivity, a stronganddynamicexport sectorthat A growing,competitive economy needs

manufacturing andeducationexports. likely topresentdifficulties for Victoria’s with thestrong Australian dollar, inparticular, Serious export challenges lieintheyear ahead term export salesof$57million. generated additionalimmediateandmedium- and Korea. A missiontoDubaiandSaudi Arabia China, HongKong,Saudi Arabia, Dubai,Japan were organisedtotheUK,US, India,SriLanka, exports. In2010-11, significanttrademissions and volume of Victorian food andbeverage which aimtodeliver increasesinboththevalue by fundingarangeofexportindustry activities The Departmenthasprovidedtothe assistance and growing concernsover food safety threats. arisingmiddleclassin consumers tastes, Asia constraints onglobalsupply, changing by theincreasingdemandfor food worldwide, there areopportunities beingbroughtabout rising inputcostsandmarket accessissues, by therecentfloods,high Australian dollar, and beverageisbeingchallenged industry opportunities. WhilstVictoria’sgrowth food Middle East/North Africa areexhibiting strong to besignificant,whileChina, ASEAN andthe markets such asJapan andtheUSA continue were valued at$4.5billionin2009-10. Mature per centof Australia’s food total exports and chain. Victorian food exports accountfor 25 number again,acrosstheentirefood supply people,witharoundthesame around 71,000 > sectors. Benefits todateinclude: urban design;food andbeverage andICT aerospace; automotive; clean-tech; sustainable up of60organisationsacrosstheaviation and to Indiain April 2011. The missionwas made trademission Business ledthemulti-industry The Ministerfor Innovation,andSmall Services HIGHLIGHTS ANDACHIEVEMENTS: > personalise digital and electronic products andelectronicproducts personalise digital gainingexclusiveDigital licensing rightsto contract withUTV MediaandGloboSport ICT company, My Heroes,secureda DBI ANNUAL REPORT 2010 - 2011 02 STRATEGIC OBJECTIVES PAGE 15 Victoria continues to be an attractive option for be an attractive continues to Victoria or to commence airlines wanting international international Twenty-seven increase services. service twoAirport, airlines now Melbourne 320 weekly accounting for more than last year, This international services – up from 281. per cent boost in passenger equates to a 15.2 seat capacity resulting in a 2.0 per cent of overall share Airport’s increase to Melbourne capacity seat to 23.1 per cent. Australian International Technology Science and The supports the (STIPP) Program Partnering Victorian of and internationalisation growth and small technology biotechnology A total of 21 applicants have companies. and grants totalling STIPP $87,228 received sales reported projected 24 month export have and 2011-12. -11 2010 million over of $14.5 Assisting Nestle Australia to expand its to expand Australia Nestle Assisting hub Australian it the site and make Tongala production aimed at nutritional food for consumers initially in the Oceania region. Simplot to establishAssisting a beetroot processing plant in Echuca. A Memorandum of Understanding of signed between the Federation was and Manufacturers Products Automotive Component Manufacturers Automotive the mutually of India to explore Association for collaboration in beneficial opportunities engineering and education. automotive for select sporting and Bollywood celebrities Bollywood select sporting and for The and mobile platforms. across internet generate that this will forecasts company the over of $35 million in revenue in excess years. four next > > > > > Direct air services critical to growing are sectors, particularly export Victoria’s ininternational education, tourism and trade DepartmentThe goods. volume low high value air services to improve between works actively international markets. and key Victoria Victorian of the A long-term objective has been to secure more Government international direct flights to Melbourne. brought results. have efforts Persistent has welcomed Victoria months, In the past 12 or increased servicesnew Qantas, from China Southern Airlines, China Eastern Airlines, Philippine Airlines, Airlines, Vietnam Jetstar, Airlines,Airlines and Strategic Brunei Royal bringing more tourists and business visitors to overseas. from Victoria > and food Victorian Departmental support for included: manufacturing beverage Create Jobs Retain and Actual > Target > DBI ANNUAL REPORT 2010 - 2011 02 STRATEGIC OBJECTIVES PAGE 16 50,000 new jobstoDecember2010.50,000 ver 230,000 jobswerever createdby 230,000

June 2011. O Create 1

infrastructure. the facilitationofinvestments andmajor generate employment opportunities through and toretain DBI works closelywithindustry needs. The Institute isbased attheUniversity conduct research tosupportdefence industry industries, universities andgovernment to Melbourne thatbringstogether defence Organisation (DSTO) andtheUniversityof between theDefence Scienceand Technology The Defence ScienceInstitute isajointventure employer intheGippslandregion. anditsroleasanimportant sustainability by Mahindra&Limited;aidingits the successfulacquisitionofcompany Fund safeguarded 72positionsandallowed world. SupportviatheIndustry Transition and supportaircraft operatedaroundthe todesign,produce andcapacity capability manufacturer in Australia thathastheunique Gipps Aero istheonlycommercial aircraft Victoria each year as a result of this investment. experience artpilottrainingin state-of-the additionalstudentsUp to200 willbeableto andsupportfacilities. study areas,andlibrary new classrooms,student briefingrooms,self withtheadditionofsix ground trainingcapacity simulators andwilleffectively doubleOAA’s facilities incorporatethelatestgenerationflight to create70new full-timejobs. The new in expanded facilities atMoorabbin Airport Oxford Aviation Australia (OAA) willinvest HIGHLIGHTS ANDACHIEVEMENTS:

disadvantaged inthelabourmarket. and careerpathways for thosewhoare opportunities by providing wage subsidies creation ofstructured trainingandemployment Indigenous. The programs encouragethe disadvantaged backgrounds and45were Of thesecommencements,140 were from opportunities were provided toyoung people. the publicsector. In2010-11, morethan400 commence traineeshipsorapprenticeshipsin provide opportunities for young peopleto authoritiesto departments andstatutory DBI works withothergovernment protections for children inemployment. requirements whilstcontinuingtomaintain application processandsimplifycompliance 2010 inordertostreamlinethepermit Act industry.entertainment cent ofthesepermitswere for work inthe allow children tobeemployed. Over 90per Child Employment permitswere issuedto and ensurecompliance.In2010-11, 5,655 assist employers tomeettheirobligations permits. Italsoconductsfieldvisitsto Employment Permits andissuesthese of the abouttheprovisions the broadercommunity employers, parents,children, schools and . Itprovides 2003 information andadviceto Employment Act administration oftheChild The Departmentisresponsible for the research. result in58new positionsin defence-related to operatingcostsoftheInstitute andwill Government’s contributes financialassistance fromthe assistance Victorian Government. The of Melbourneandwaswith established was amendedeffective from31December Act . It assesses applications for Child . Itassessesapplicationsfor Child The ChildEmployment DBI ANNUAL REPORT 2010 - 2011

02 STRATEGIC OBJECTIVES

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. 2 Increase Skills Increase roportion of 15-64 year olds year roportion of 15-64 . Total enrolments in VET courses rose VET in enrolments Total . 1 Increase the p T 15-64 years in vocational education and in vocational years 15-64 per has increased from 12.6 training (VET) cent between 2009 per and cent to 13.5 2010 from 705,000 to 749,000 over the same over from 705,000 to 749,000 period, an increase of 6 per cent in full or part-time study.

agedVictorians rateof he participation

Actual > (Skills Victoria transferred to the Department of Education and Early Childhood Development from December 2010. transferred to the Department of Education and Early (Skills Victoria business migrants who estimated that they more than $900 million and would invest would withinVictoria create more than 3,700 jobs in also sponsoredVictoria of arrival. three years migrantsmore than 450 onshore provisional had they permanent residency after for established successful businesses in the State. more than 1,300 skilled Additionally, throughVictoria sponsored by migrants were skilled migration program and the DBI’s implementation of the State Migration Plan. InternationalAustralian part of the 2011 As the Department supported the Careers Airshow, theboth on held was which Program, Skills and programThe of the event. trade and public days to promote careers and opportunity an provided and defence skills in the aerospace, aviation and career professionals sectors to teachers, a significant saw Program 2011 The students. from 2009. increase in attendance Bridge to Work assists Aboriginal Victorians secure sustainable of a jobs. One example is the Rumbalara provider Work Bridge to through and Netball Club, which Football Ripples project hastheir Rumbalara established strong links to local business and industry within the Shepparton and Echuca 70 sustainable over communities to provide opportunities. employment Target > Target This target is directly related to their activities and from 2011 no longer relevant to DBI)This target is directly related to their activities and from 2011 1 Participation rates are subject to revision as a result of ABS updates to population estimates. 2 Data source: Skills Victoria Training System. HIGHLIGHTS AND ACHIEVEMENTS: was program Growth for MasterClass The competitive-entryThis 2010-11. for launched program is designed specifically to equip small businesses with the skillsgrowth-focused to understand, prepare and implement plans through a is achieved This growth. to fast-track series of group MasterClasses and individualised sessions spread across the year. coaching training has provided Department The the integration Cream for support to Regal of equipment into the Colac facility resulting from the acquisition of the Cadbury Ice Cream licence, leading to increased productivity and jobs. 44 new Government Victorian the In 2010-11, sponsored more than 1,500provisionally The skills and workforce sectors are major driversThe participation and social of economic growth and are strong determinants of theVictoria in DBI is responsible for productivity. State’s and productive supporting and promoting a fair regulatorylegislative, framework and policy participation,workforce that influences industrial relations and skilled migration. with the advocacy Victoria’s DBI leads improved for Government Commonwealth to industrial relationsregulatory approaches and skilled migration, and advises and assists and migrants. employers industry, Department, through its close connectionThe skills identifies with business and industry, closelysupply and demand issues, and works agencies and educational with other government to encourage appropriate traininginstitutions ofand education programs to meet the needs industry into the future. ofInternational education is a critical sector and the Department works economy Victoria’s with the sector to help build international Victoria business partnerships and to promote as a high quality education destination around Department complements thisThe the world. to ensure initiatives support for through work a quality while experience have students Victoria. and living in studying Regional Growth with BudgetPaperNo.3targets. Target changedfrompercentagesharetospecifictargetsprovidegreater consistency Actual > Target > DBI ANNUAL REPORT 2010 - 2011 02 STRATEGIC OBJECTIVES PAGE 18 vestment vestment

Jobs Export Jobs Export In In

1,099 1,100 $154.3 million $175 million $770.9 million $775 million and jobs. and jobs. forits targets regionalinvestment, exports in 2010-11, theDepartmentdidnotreach Despite therangeofprojectsconfirmed and Fonterra. Murray GoulburnCo-operative, Vitasoy, Nestle Victoria includinginvestments fromBullaDairy, sector hasremainedsteadyacrossregional dollar. Investment inthefood andbeverage weather events andtheriseof Australian across theregions,includingdestructive generally strongdespitethechallenges faced Investment inregional Victoria remains industry sectors. sectors. industry from arangeofcompaniesacrossnumber The Departmenthasfacilitatedinvestments businesses sincecommencingoperation. The Centrehasassistedover 450regional abusiness. who areinterestedinstarting to smallbusinessowners, andalsotopeople face information andfreebusinessmentoring The MobileBusinessCentredelivered face-to- HIGHLIGHTS ANDACHIEVEMENTS: > > excess of$40million.Due to thisdecision, over five years andinvolve aninvestment in project isexpected tocreateup80jobs yoghurt sectorintheKiewa Valley. The business tomanufacture productsfor the Co-operative ajointventure established companyVictorian Murray dairy Goulburn company Danone and European dairy

> > > > > > production atthisfacility. now decidedtoexpand thecreamcheese Victorian Government, managementhas which was assistedby agrantfromthe creation of20new jobs. ofthefacilitywith the long-termviability the Echuca plant. This investment willensure and transitionofthe'Ski'yoghurt lineinto offers trainingsupporttoensurethesuccess SkillsProgramRegional grant,which Industry intheformwith assistance ofaCommunity in-house. The Departmentprovided Fonterra plant tobringits'Ski'yoghurt products line project todoublethesize ofits Echuca Fonterra company embarked dairy ona 160 localjobs. annum intothelocaleconomy andsustain will injectanestimated$30millionper plywood millatMyrtleford. The investment Woodproducts a$50million toestablish The DepartmentassistedCarterHoltHarvey years andcreatenew jobsfor theregion. production level over capacity thenext five shelving shed. The new facilitywillincrease house anew productionline,equipmentand an investment toconstruct afacility to and supplierMaxitrans Australia announced Ballarat transportequipmentmanufacturer DBI ANNUAL REPORT 2010 - 2011 02 STRATEGIC OBJECTIVES PAGE 19 Flood Support Flood

od ay Show, lift-out. lift-out. and in an eight Big Break Coxy’s and Herald Sun Herald Tourism Victoria is also assisting tourismVictoria Tourism their sustainabilitybusinesses to improve crisesand resilience against potential future Regional through grants administered by Boards. Tourism page The Victorian Government committed Government Victorian The Tourism the towards $1 million in funding boosted program in January, Flood Recovery A number ofApril. million in a further $1.5 by Tourism programs are being implemented by Tourism in conjunction with Regional Victoria These programs areas. in flood-affected Boards aim to encourage visitation to flood-affected areas and to support the tourism industry to their business resilience. improve programs include a number of short,The includingmedium and longer term initiatives marketing, industry advertising development, Australia and public relations activities in both international markets. and key was campaign an advertising In March, implemented to encourage visitation to wasThe campaign regions. flood-affected implemented across a range of media online) in Melbourne (print, radio, and channels and and interstate on events and focused Grampians, Great in the Murray, attractions Goldfields and Daylesford, Ocean Road, These regions. and the Macedon Ranges on television also featured destinations were as the T programs such and lifestyle Postcards

Significant numbers of Victorian businesses of Significant numbers by been directly or indirectly affected have including the in recent years, disasters natural August 2010 between floods that occurred Government Victorian The 2011. and February specific assistanceprovided to these is either the Department businesses which directly or in co-operation withdelivering other organisations. grants Finance Corporation provided Rural The up to $25,000loans up to interest and low $200,000 small businesses directly affected to As of flood clean-up and restoration. for of grants with a value 2,841 2011, 30 June $34.8 million and 68 loans with a value been approved. of $6.1 million have business offers Victoria Small Business businesses through recovery advice to affected This the Small Business Mentoring Program. both the Small by advice is being delivered Victorian Business Mentoring Service and the Chamber of Commerce and Employers' 398 2011, Industry of 30 June As (VECCI). to a been referred businesses have business adviser. Business Centre has been Mobile The townships, 20 flood-affected to over deployed with the Small Business Mentoring Service adviser onboard making assistance more accessible and direct. also contribution was million advance A $1.5 VECCI Business the to reactivate committed limitedenable it to provide and Fund Relief financial assistance (to a maximum of $5,000 successful application) to businesses each for the recent floods through by indirectly affected loss of trade. 03 Financial Report DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 21 Introduction

. Its principal address is: Melbourne VIC 3000 of the Department’s A description of the nature operations and its principal activities is included of Operations section of thein the Report part of this not form does annual report which financial report. queries in relation to our reporting please For atcall 9651 9999, or visit our website Department of Business and Innovation Exhibition Street 121 dbi.vic.gov.au This financial report covers the Department of financial report covers This entity as an individual Business and Innovation currency. Australian and is presented in the Department of Business and Innovation The department of the State ofis a government established Department was The Victoria. the Premier pursuant to an order made by under the Administrative Arrangements Act 1993 Contents DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 22 Note 13. Note 12. Note 11. Note 10 Note 9. Note 8. Note 7. Note 6. Note 5 Note 4. Note 3. Note 2. Note 1. CASH FLOWSTATEMENT STATEMENT OFCHANGESINEQUITY BALANCE SHEET OPERATING STATEMENT COMPREHENSIVE Note 22. Note 21. Note 20. Note 19. Note 18. Note 17. Note 16. Note 15. Note 14. .

.

, plantandequipment

as held for sale including disposal group as heldforsaleincludingdisposalgroup equity method and directlyassociatedliabilities arrangements result policies Summary ofsignificantaccounting liabilities Contingent assetsandcontingent Provisions Non-financial physicalassetsclassified Investments accountedforusingthe Property Receivable Income fromtransactions Departmental (controlled)outputs Commitments forexpenditure Leases Other liabilities Superannuation Borrowings Payables Intangible assets Other non-financialassets Inventories Restructuring ofadministrative Other economicflowsincludedinnet Administered (not-controlled)items Expenses fromtransactions

63 63 55 27 71 56 66 65 44 69 68 67 67 65 64 59 57 53 49 58 58 53 26 25 24 23 Note 30. Note 29. Note 28. Note 27. Note 26. Note 25. Note 24. Note 23. AUDITOR-GENERAL’S REPORT FINANCE OFFICER’SDECLARATION ACCOUNTABLE OFFICERANDCHIEF Note 34. Note 33. Note 32. Note 31.

rust accountbalances

Parliamentary andSpecialAppropriations T Ex-Gratia payments Cash flowinformation Financial instruments Glossary ofterms Remuneration ofexecutives Responsible persons Annotated incomeagreements Summary ofCompliancewithAnnual Reserves Investments Remuneration ofauditors

82 89 88 87 84 83 81 80 72 89 83 81 95 94 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 23

– – – 2010 (61) $’000 (121) 9,463 13,010 77,200 (7,543) 32,071 (4,776) 29,828 24,816 24,816 32,420 (7,604) (87,859) (139,723) (204,942) 1,957,840 1,957,840 2,119,412 (1,649,571) (2,086,992)

– 10 2011 (24) $’000 (106) (829) 7,758 3,771 3,771 (843) 71,328 71,328 85,737 24,553 (4,248) (7,557) (6,714) (3,786) (84,917) (114,106) (177,265) 1,193,717 1,383,093 1,383,093 (1,009,165) (1,389,807) 26 6(a) 4(c) 5(c) 6(c) 4(a) 5(a) 5(e) 4(b) 4(d) 5(b) 5(d) 6(b) NOTES

The aboveThe comprehensive operating statement should be read in conjunction the with accompanying notes, in particular Note Departmental 2: (controlled) outputs – Changes in Outputs and Restructuring Note 7: of administrative arrangements. Changes in physical asset revaluation surplus OTHER ECONOMIC FLOWS – OTHER NON-OWNER TOTAL CHANGES IN EQUITY COMPREHENSIVE RESULT TOTAL OTHER ECONOMIC FLOWS TOTAL NET RESULT OTHER ECONOMIC FLOWS – OTHER NON-OWNER CHANGES IN EQUITY OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT assets non-financial gain/(loss) on Net Depreciation and amortisation and Depreciation expense interest lease Finance EXPENSES FROM TRANSACTIONS TOTAL FROM TRANSACTIONS (NET OPERATING NET RESULT BALANCE) EXPENSES FROM TRANSACTIONS expensesEmployee TOTAL INCOME FROM TRANSACTIONS TOTAL Output appropriations Output for the financial year ended 30 June 2011 year ended 30 the financial for Net gain/(loss) on financial instruments loans and receivables Other gains/(losses) from other economic flows COMPREHENSIVE OPERATING STATEMENT INCOME FROM TRANSACTIONS Regional Infrastructure Development Fund appropriations Interest Grants and other income transfers Grants and other expense transfers Other operating expenses Other income Other Capital asset charge Fair value of assets and services received free of charge DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 24 as held for sale for held as Liabilities directly associated with assets classified Other liabilities Other Physical asset revaluation surplus revaluation asset Physical FINANCIAL ASSETS ASSETS Other non-financial assets Intangible assets method equity the using for accounted Investments equipment and plant Property, as at30June 2011 SHEET BALANCE Provisions Payables Borrowings LIABILITIES TOTAL ASSETS TOTAL NON-FINANCIALASSETS i sale for held as classified assets Non-financial Inventories NON-FINANCIAL ASSETS TOTAL FINANCIALASSETS deposits and Cash NET WORTH capital Contributed surplus/(deficit) Accumulated EQUITY NET ASSETS TOTAL LIABILITIES Departmental (controlled) outputs–Changes in Outputs and Note 7: Restructuring of administrative arrangements. administrative of 7: Note Restructuring and Outputs in outputs–Changes (controlled) Departmental 2: Note particular in notes, accompanying with the conjunction in read be should statement operating comprehensive The above Commitments for expenditure Contingent assets and contingent liabilities Receivables Investments and other financial assets 23, 24 23, 16, 23 16, 15, 23 15, NOTES 8, 23 8, 22 26 25 21 14 10 17 13 12 12 19 11 9 558,578 558,578 489,551 489,551 489,551 385,791 385,791 172,787 172,787 234,608 234,608 279,534 279,534 223,164 223,164 69,027 36,549 36,549 95,994 95,994 35,000 49,607 49,607 42,305 10,000 21,463 21,463 31,779 31,779 27,763 27,763 27,186 27,186 1,156 1,156 $’000 982 982 2011 2011 33 33 33 33

465,048 465,048 152,082 340,147 805,195 398,925 398,925 653,113 653,113 653,113 133,833 214,396 214,396 210,420 210,420 120,795 120,795 226,180 226,180 103,199 103,199 48,383 48,383 26,408 26,408 28,008 28,008 35,000 20,000 27,228 27,228 8,404 8,404 2,378 2,378 6,736 6,736 $’000 2010 2010 97 97

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 25 – – – $’000 8,312 8,743 31,110 84,161 24,816 24,816 (7,557) (8,743) 30 JUNE (20,517) 617,704 653,113 489,551 (248,478) TOTAL EQUITY AT EQUITY AT TOTAL

– – – – – – $’000 8,743 31,110 84,161 (8,743) (20,517) 398,925 388,332 234,608 234,608 (248,478) BY OWNER CONTRIBUTIONS

– – – – – – – – – $’000 4,541 24,816 24,816 (7,557) SURPLUS 226,180 223,164 201,364 201,364 ACCUMULATED ACCUMULATED

– – – – – – – – – $’000 8,312 (4,541) 31,779 28,008 28,008 SURPLUS REVALUATION REVALUATION PHYSICAL ASSET 7 NOTES

Capital appropriations Capital accumulated to surplus Transfer equity Withdrawal of Net result for the year Other comprehensive income for the year BALANCE AT 30 JUNE 2011 BALANCE AT BALANCE AT 30 JUNE 2010 BALANCE AT for the financial year ended 30 June 2011 year ended 30 the financial for STATEMENT OF STATEMENT CHANGES IN EQUITY Administrative restructure – net assets received assets net Net result for the year Withdrawal of equity Withdrawal of appropriations Capital The aboveThe comprehensive operating statement should be read in conjunction the with accompanying notes, in particular Note 2: Departmental (controlled) outputs–Changes in Outputs and Restructuring Note 7: of administrative arrangements. Administrative restructure – net assets transferred assets net Administrative restructure – net assets received assets net BALANCE AT 1 JULY 2009 1 JULY BALANCE AT net assets transferred assets net Administrative restructure – DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 26 Capital asset charge payments charge asset Capital employees and suppliers to Payments Cash and cash equivalents at the beginning of the financial year financial the of beginning the at equivalents cash and Cash RECEIPTS CASH FLOWSFROMOPERATING ACTIVITIES Repayment of finance leases Proceeds from borrowings administrative arrangements from Proceeds/(Payments) for thefinancial year ended30 June 2011 FLOWCASH STATEMENT Owner contributions by State Government State by contributions Owner CASH FLOWSFROMFINANCINGACTIVITIES NET CASHFLOWSFROM/(USEDIN)INVESTINGACTIVITIES Payments for intangible assets assets non-financial of sale from Proceeds Payments for non-financial assets Investment for) (Payment from/ Proceeds CASH FLOWSFROMINVESTINGACTIVITIES NET CASHFLOWSFROM/(USEDIN)OPERATING ACTIVITIES TOTAL PAYMENTS paid finance of costs other and Interest transfers other and grants of Payments PAYMENTS TOTAL RECEIPTS Government from Receipts CASH ANDEQUIVALENTS AT THEENDOFFINANCIALYEAR NET INCREASE/(DECREASE)INCASHANDEQUIVALENTS NET CASHFLOWSFROM/(USEDIN)FINANCINGACTIVITIES Non cash transactions are disclosed in note 24(b). note in disclosed are transactions cash Non arrangements. administrative of 7: Note Restructuring and Outputs in outputs–Changes (controlled) Departmental 2: Note particular in notes, accompanying with the conjunction in read be should statement operating comprehensive The above Interest received ATO the from Tax recovered Services and Goods entities other from Receipts NOTES 24(a) 24(c) (1,424,473) 1,390,562 1,390,562 (135,525) (945,590) 1,318,070 1,318,070 (218,638) (364,671) (114,106) (33,911) (84,834) 183,234 183,234 120,795 120,795 (71,188) 49,607 49,607 98,248 98,248 46,578 (1,048) 84,161 84,161 18,156 18,156 7,758 7,758 (535) (106) $’000 383 383 2011 –

(2,101,898) (1,641,258) (242,420) 2,121,959 2,044,874 (204,942) (255,577) (215,420) (192,691) 120,795 120,795 313,486 313,486 (27,794) 29,668 20,061 20,061 25,030 25,030 42,592 (1,442) 31,110 31,110 9,463 9,463 (121) $’000 794 794 2010 – – –

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 27 Notes to the Notes

ARATION ARATION financial statementsfinancial for the financial year ended 30 June 2011 June 2011 30 year ended financial the for Non-current physical assets which, assets which, physical Non-current subsequent to acquisition, are amount measured at a revalued at the date of value being their fair subsequent less any revaluation > > AND MEASUREMENT has been basis of accounting accrual The applied in the preparation of these financial statements assets, liabilities, whereby are recognised inincome and expenses relate, they the reporting period to which regardless of when cash is received or paid. financial statementsThese are presented and dollars, the functional Australian in presentation of the Department. currency management isAASs, In the application of judgements, estimatesrequired to make and assumptions about carrying values of assets and liabilities that are not The readily apparent from other sources. estimates and associated assumptions andare based on historical experience to be that are believed other factors various reasonable under the circumstances, the making the basis of form results of which differ results may Actual their judgements. from these estimates. and underlying assumptions estimates The on an ongoing basis. are reviewed to accounting estimates are Revisions the recognised in the period in which affects if the revision estimate is revised only that period or in the period of the periods if the revision future and revision, periods. and future both current affects management in the made by Judgements significant that have AASs application of on the financial statements effects and estimates, with a risk of material adjustments in the subsequent reporting period, are disclosed throughout the notes to the financial statements. has been prepared in report The accordance with the historical cost for: except convention BASIS OF ACCOUNTING PREP BASIS OF ACCOUNTING

(B)

. (FMA) and applicable Australian Accounting Accounting Standardsapplicable Australian include Interpretations, issued which (AAS), Accounting Standardsby the Australian are they In particular, (AASB). Board presented in a manner consistent with the Whole 1049 AASB requirements of the Government General and Government of reporting Financial Sector These financial statements have been financial statements These have prepared in accordance with the Financial Management Act 1994 Where applicable, those paragraphs of the entities applicable to not-for-profit AASs been applied. have financial statementswere annual The SecretaryActing the issue by authorised for of the Department of Business and 2011. August on 19 Innovation policies are selected andAccounting ensures that applied in a manner which satisfiesthe resulting financial information and reliability, the concepts of relevance that the substance ensuring thereby of the underlying transactions or other events the underlying transactions or other events is reported. ST

(A) OFCOMPLIANCE ATEMENT The annual financial statements theThe represent audited general purpose financial statements the Department of Business and Innovation for changed Department The (the Department). its name from the Department of Innovation onIndustry Development and Regional 2 December 2010. understanding of the gain a better To terminology used in this report, a glossary of in Note 34. terms can be found NOTE 1. SUMMARY OF 1. NOTE SIGNIFICANT ACCOUNTING POLICIES DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 28 (C)

SCOPE ANDPRESENT > > > revaluations andimpairments ofnon- include gainsandlossesfromdisposals, from market re-measurements. They 'Other economicflows' are changes arising or wherethefinalconsiderationiscash. free ofcharge orfor nominalconsideration) assetsprovided/given can beinkind(e.g. Government andtaxpayers. Transactions mutually agreedinteractionsbetween the by theasset. Taxation isregardedas provided as theconsumerofservice as theowner ofthedepreciatingassetand where theowneracting issimultaneously within anentity, such asdepreciation agreement. Transactions alsoincludeflows between twoentitiesby mutual of policydecisions,usuallyinteractions that areconsideredtoariseasaresult 'Transactions' arethoseeconomicflows of Statistics. published by the Australian Bureau methods sources and government finance statistics: concepts, are defined by theAustralian system of 'Transactions' and'othereconomicflows' Presentation of financial statements format andisallowed under AASB 101 with thewholeofgovernment reporting flows'. This classificationisconsistent arise from'transactions'or'othereconomic classified accordingtowhetherornotthey comprehensive are operatingstatement Income andexpenses inthe Comprehensive operatingstatement FINANCIAL STATEMENTS. > > > their fair value; amounts donotmateriallydiffer from toensurethatthecarrying regularity Revaluations aremadewithsufficient subsequent impairmentlosses. accumulated depreciationand the year ended30June 2010. comparative information presentedfor year ended30June 2011 andthe the financialstatements for below have beenappliedinpreparing The accountingpoliciessetout exchange for assets. values oftheconsiderationgiven in Historical costisbasedonthefair depreciated replacementvalue; than landisgenerallybasedonits The fair value ofanassetother ATION OF 2005 Cat.No5514.02005

. (D)

BASIS OFCONSOLIDA to rounding. to rounding. maystatements notequatedue Figuresinthefinancial stated. otherwise to thenearestthousanddollars,unless (including thenotes)have beenrounded Amounts inthefinancialstatements Rounding ofamounts Statement of flows cash with requirementsunder AASB 107 activities. This classificationisconsistent activities, investing activitiesorfinancing whether ornotthey arisefromoperating to Cash flows areclassifiedaccording Cash flowstatement changes inequity. income relatedtoothernon-owner recognised inothercomprehensive the comprehensive resultandamounts changes duetoamountsrecognisedin reporting period.Italsoshows separately to theclosingbalanceatendof at thebeginningofreportingperiod owner andowneropeningbalance equity presents reconciliationsofeach non- The ofchanges statement inequity Statement ofchangesinequity in thenotes,whererelevant. or settled beyond 12 months)aredisclosed liabilities (thoseexpected tobe recovered Current andnon-current assets and financial assetsandnon-financialassets. orderwithassetsaggregatedinto liquidity Assets andliabilitiesarepresentedin Balance sheet derived inaccordancewith AASs. The netresultisequivalent toprofitorloss or removal. assets (non-produced)fromtheiruse agricultural assets;anddepletionofnatural value changes offinancialinstruments and defined benefitsuperannuationplans; fair actuarial gainsandlossesarisingfrom current physical assets; andintangible expenses for thereporting period). 30 June 2011, andtheirincome and bodieslistedinNote1(e)asat statutory trust accounts aslistedinNote30andthe liabilities oftheDepartment(including the Departmentincorporateassetsand The of consolidatedfinancialstatements TION .

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 29

; and Victoria Trade and Investment Office and Investment Trade Victoria subsidiaryPty owned Ltd, a wholly on acquired operating in China, was Regional Victoria Development established under the Regional ActDevelopment 2002 Victoria (to 31 December 2010); Office of the Small Business Commissioner established the under Small Business Commissioner Act 2003 (MPV). Victoria Major Projects 1 July 2005 the Department1 July to enable investment to engage in trade and in the South Eastpromotion activities region. Asian Supply low-cost information and information Supply low-cost businessesVictorian assistance to placed to start up, better are so they grow; and export intelligence and market Provide assistance it to organisations to make asVictoria and promote easy to invest place to invest. an attractive campaigns to Create awareness encourage more tourists to visit Victoria.

> > > > i. ii. iii. The financial statements all the include The ofactivities of the Department controlled DepartmentThe Innovation. Business and controlled entity: has the following > > > > of theA description of the nature operations and its principal Department’s activities is included in the report of of the part form does not operations which financial statements. part of the Machinery-of-government As Victoria Development Changes, Regional Department to the has been transferred of Planning and Community Development 1 January 2011. effective Objectives and funding the machinery-of-government Following the and an internal restructure, changes of the Department are objectives revised as follows: In addition, the following statutory bodiesIn addition, the following of are included in the Department’s reporting entity: Business and Innovation

The Department is an administrative Department The agency acting on behalf of the Crown. (GGS), all material transactions and(GGS), all material transactions entitiesbalances between consolidated The consolidated financial statements consolidated financial The within the Department’s entities exclude the controlled by that are not portfolio are not and therefore Department and activities thatconsolidated. Entities administered are administered (refer controlled anditems note 1(f)) are not not consolidated. consolidatedIn the process of preparing for the Statefinancial statements Sector and General Government are eliminated. Joint ventures are contractual ventures Joint between the Departmentarrangements and one or more other parties to undertake an economic activity to that is subject control only exists joint control. Joint when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control (the venturers). Joint venture entities partnership interest in a joint venture The in the financial statementsis accounted for using the equity the equity method. Under method, the share of the profits or losses of the partnership is recognised in the operating statement,comprehensive and in reserves isthe share of movements recognised in reserves equity) (non-owner operatingin both the comprehensive statement and the statement of changes post-acquisition cumulative The in equity. are adjusted against the carryingchanges Details jointly controlled entity. of the value are set out in relating to the joint venture Note 13. interest has a joint venture Department The Australian with Monash University in the (ARMI). Medical Institute Regenerative and established ARMI was to construct Victoria will promote operate a facility which medicalas a global leader in regenerative existing and develop foster research, collaboration on both domestic research a major projects and provide and overseas undergraduate and post both site for graduate training programs. REPORTING ENTITY

(E) DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 30 (F)

ADMINISTERED ACTIVITIES changes arereflectedinNote 7. relating toMachinery-of-government into theDepartmentandotherinformation ofassetsandliabilitiestransferredDetails prior year have notbeenadjusted. Relations. Comparative amountsfor the be renamedEmployment andIndustrial output hasbeenrestructured andwill Development.Workforce The Childhood to theDepartmentofEducationandEarly output. Skillsoutputhasbeentransferred been moved totheInvestment and Trade and theremainingcomponentshave Development Planning andCommunity been transferred totheDepartmentof of theRegional Development outputhave 2010. From 2011 1January components being theperiodof1July to31 December forof responsibility theoutputs(Note2), the Departmentreflectactual period Furthermore, of thefinancialstatements v. iv. financial statements. Both controlled and financial statements. Bothcontrolled and itemsinthe of thedepartmental accounting policiesadoptedfor recognition for onanaccrual basisusingthesame administered resourcesareaccounted disclosed, Except asotherwise expenses incurred butnotyet paid. Administered liabilitiesincludegovernment income earnedbutnotyet collected. Administered assetsincludegovernment of administeredsurpluslandandbuildings. and finestheproceedsfromsale Administered incomeincludestaxes,fees financial statements. or liabilitieswithinthebodyof income,expenses,departmental assets administered itemsarenotrecognisedas transactions andbalancesrelatingto achievement ofitsobjectives. Accordingly, the resourcesfor itsown benefitorthe it doesnothave thediscretiontodeploy transactions involving administereditems, forthe Departmentisaccountable Department onbehalfoftheState. While resourcesareadministeredbyCertain the Administered items

industry needs. industry overseas, toalignwith Victoria’s in accessingskilledworkers from skilled workers, andassistbusiness requirementsfor Identify industry created andinnovation stimulated. collaborative research soknowledge is Support organisationstoundertake

(G) (I) (H)

EVENTS AFTERREPORTINGPERIOD INCOME FROMTRANSACTIONS ACCOUNTING FORTHEGOODSAND results ofreportingperiods. which may have amaterialimpactonthe which aroseafter thereporting dateand where theevents relatetoconditions areauthorisedforthe statements issue between thereportingdateand by way ofnote,ismadeaboutevents existed atthereportingdate.Disclosure provide information aboutconditionswhich authorised for issue,wherethose events and beforeare thedatestatements events which occurafter thereportingdate recognised inthefinancialstatements for Adjustments aremadetoamounts is irrevocable atorbefore balancedate. only recognisedwhentheagreement and otherparties,thetransactionsare an agreementbetweentheDepartment events. Where thetransactionsresultfrom arise frompasttransactionsorother Assets, liabilities,incomeorexpenses can befound inNotes3and 22. Disclosures relatedtoadministereditems of theState. consolidated intothefinancialstatements administered itemsoftheDepartmentare reliably measured. flow andtheincome canbe totheentity is probablethattheeconomicbenefits will Income isrecognisedtotheextent thatit operating cashflow. authority,the taxation arepresentedasan which arerecoverable fromorpayable to arising frominvesting orfinancingactivities basis. The GST componentsofcashflows Cash flows arepresentedonagross balance sheet. other receivables orpayables inthe isincludedwith authority taxation recoverable from,orpayable to,the or payable. The netamountofGST inclusive oftheamountGST receivable Receivables andpayables arestated the expense. of acquisitiontheassetoraspart this caseitisrecognisedaspartofthecost recoverable authority. fromthetaxation In GST, unlesstheGST incurred isnot recognised netoftheamountassociated Income, expenses andassetsare SERVICES TAX (GST)

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 31 Trust revenue Trust a specific for received revenue Trust and recognised deferred purpose is in the comprehensive progressively operating statement in the period in which of the the payment conditions relating to been met. have funds to third parties Industryinclude the Regional Major trusts 1 January (transferred Fund Development Facility. Synchrotron Australian and the 2011) in is recognised revenue All other trust operating statementthe comprehensive and the Department when it is earned by end of unapplied amounts as at the any the reporting period are recognised in the balance sheet under 'Other' liabilities until is incurred. the associated expenditure Department recognised revenue The to Government from the Commonwealth Australian co-finance the operations of the funds Remaining Facility. Synchrotron Synchrotron Australian are held in the the Department Accordingly, Fund. Trust and non currentrecognises current in the notes to the unearned revenue financial statementsthe timing of based on be made. to payments future estimated the Grants and other income transfers Grants from third parties (other than are recognised as owners) contribution by income in the reporting period in which the the Department gains control over underlying assets. into the grants are payable Where such are reported they consolidated Fund, reciprocal as administered income. For by back is given grants (i.e. equal value thethe Department to the provider), assumed Department is deemed to have control when the Department has satisfied obligations under theits performance non reciprocal terms of the grant. For grants, the Department is deemed to assumed control when the grant have Conditional or received. is receivable be reciprocal or non reciprocalgrants may depending on the terms of the grant. Fair value of assets and services received free of charge or for nominal consideration freeContributions of resources received nominal consideration are or for of charge when the value recognised at their fair them,Department obtains control over of whether restrictions or irrespective the use of conditions are imposed over

. Additionally, . Additionally, Act Appropriations Appropriated income becomes controlled income becomes Appropriated the Department when by and is recognised from the Consolidatedit is appropriated and Parliament Victorian the by Fund under the the purposes defined applied for relevant under Section the Department is permitted 1994 Act Management 29 of the Financial certain income annotated to theto have income which The annual appropriation. is part of a Section 29 agreement forms and the the Department recognised by Consolidated Fund receipts paid into the At the point of as an administered item. 29 providesincome recognition, Section amount to be added to an equivalent for the annual appropriation. Examples of part of a Section can form receipts which specific 29 agreement are Commonwealth purpose grants, municipal council special purpose grants, the proceeds from the ofsale of assets, and income from the sale products and services. Where applicable, amounts disclosed as allowances, income are, net of returns, All amounts of incomeduties and taxes. the Department does not have which over control are disclosed as administered administered of income in the schedule (see Note 3). Incomeincome and expenses of the Department’s each is recognised for major activities as follows: Output appropriations Income from the outputs the Department is recognised to Government provides been delivered when those outputs have Minister has certified and the relevant delivery of those outputs in accordance criteria. with specified performance Interest income over Interest income includes unwinding time of discounts on financial assets and on bank term depositsinterest received and other investments. Interest income is recognised on a time proportionate basis that takes into account yield on the financial asset. the effective Net realised and unrealised gains and do of investments losses on the revaluation of income from transactions, part not form but are reported as part of income from in the net result or asother economic flows unrealised gains and losses taken directly in part of the total forming change to equity, result. in the comprehensive net worth DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 32 (J)

EXPENSES FROMTRANSACTIONS not donated. would haveservices beenpurchased if value canbereliablydetermined andthe areonlyrecognisedwhenafair services value. Contributionsintheformcarrying of case, such transfer willberecognisedat administrative arrangements. Inthelatter as aconsequenceofrestructuring of another government departmentoragency the contributions,unlessreceived from upon actuarial advice. relevant rules ofeach plan,andisbased depending uponthe contributions willvary reporting period. The level ofthese payable totheseplansduringthe employer contributionsthatarepaidor superannuation plansissimplythe for membersofdefinedbenefit in relationtoemployer contributions comprehensive operatingstatement The amountrecognisedinthe plans. benefit defined Superannuation-State superannuation described below. defined benefitsuperannuationplansare relation toemployees whoaremembersof Employer superannuationexpenses in of theseplansduringthereportingperiod. respect ofemployees whoaremembers contributions thatarepaidorpayable in associated expense issimplytheemployer accumulation) superannuationplans,the plans. Inrelationtodefinedcontribution(i.e. defined benefitorcontribution whether employees aremembersof reported differently dependingupon superannuation expenses which are Employee expenses include Employee expenses Film Victoria.Tourismand Victoria payments includingbutnotlimitedto as grants,subsidiesandothertransfer payable. They includetransactionssuch reporting periodinwhich they arepaidor are recognisedasanexpense inthe Grants andothertransfers tothirdparties Grants andotherexpensetransfers to which they relate. incurred andreportedinthefinancial year Expenses arerecognisedasthey are

Buildings leasehold end ofeach annualreportingperiod. depreciation methodarereviewed atthe estimated usefullives, residualvalues and using thestraightlinemethod. The useful life, whichever istheshorter, over theperiodofleaseorestimated Leasehold improvements aredepreciated estimated usefullife. less any estimatedresidualvalue, over its at ratesthatallocatetheasset’s value, generally calculatedonastraight-linebasis, useful life aredepreciated.Depreciationis investment properties)thathave alimited operating leases,assetsheld-for-sale and physical assets(excluding itemsunder and equipmentothernon-current All infrastructure assets,buildings,plant Depreciation Depreciation andamortisation these plans. for disclosuresinrelationto moredetailed Refer toDTF’s Annual FinancialStatements these plansasanadministeredentity. benefit costrelatedtothemembersof sponsoring employer, thenetdefined asthe disclose onbehalfoftheState (DTF) intheir Annual FinancialStatements The Departmentof Treasury andFinance Leasehold improvements for bothcurrent andprioryears. Useful lives for thedifferent assetclasses Plant andequipment be impaired. be impaired. there isanindicationthattheassetmay for impairmentannuallyorwhenever lives arenotamortised,buttested assetswithindefinite useful Intangible reporting period. material sense,beenconsumedduringthe potentialhasnot,inany as theirservice recognised inrespectoftheseassets are notdepreciated.Depreciationis are consideredtohave anindefinitelife, roads, andcorecultural assets,which Land, earthworks, landunderdeclared Amortisation equipment Leased plantand

8 to15 3 to10 1 to3 2011 150

8 to15 3 to10

1 to3 2010 150

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 33

financial assets; assets held for physical non-current sale; and inventories. > > > > > > If there is an indication of impairment, the assets concerned are tested as to whether their possible their carrying exceeds value Where an asset’s amount. recoverable its recoverable carrying exceeds value as an off is written amount, the difference extent to the except other economic flow, NET RESULT change measure the flows Other economic of assets or liabilities or value in volume transactions. that do not result from include: These assets Net gain/(loss) on non-financial assets andNet gain/(loss) on non-financial and unrealisedliabilities includes realised gains and losses as follows: gains/Revaluation (losses) non-current of assets physical to accounting policy on Property Refer in Note 1(p)Plant and Equipment provided Assets. Non-financial Disposal non-financial of assets gain or loss on the sale of non-financialAny assets is recognised at the date that control of the asset is passed to the buyer from the deducting and is determined after proceeds the carrying of the asset at value that time. non-produced of Amortisation assets intangible Assets. to Note 1(p) Non-financial Refer Gain/(Loss) in transactions from arising exchange foreign Currency. to Note 1(u) Foreign Refer non-financial of assets Impairment Intangible useful lives assets with indefinite for (and intangible available assets not yet impairment (i.e.use) are tested annually for as to whether their carrying exceeds value amount, and so require their recoverable is an there and whenever write-downs) be impaired.indication that the asset may All other assets are assessed annually for for: indications of impairment, except OTHER ECONOMIC FLOWS INCLUDED IN FLOWS INCLUDED OTHER ECONOMIC

(K)

The intangible asset (see Note 14) intangible14) asset (see Note The to the relating expense is a deferred Gardens. of Parkville development recognised is progressively value This of in line with the sale (expensed) intangibleThe site. properties within the every impairment asset is tested for months. 12 Interest expense as are recognised Interest expenses are they in the period in which expenses to finance lease and mainly relate incurred to Glossary of terms Refer interest charges. an in Note 34 for and style conventions of grants and other transfers. explanation Capital asset charge represents the capitalThe asset charge in cost of capitalopportunity invested used assets physical the non-current charge The of outputs. in the provision is calculated on the budgeted carrying physical amount of applicable non-current portfolio, assets of the Department’s including other General Government. Other operating expenses generallyOther operating expenses costs running represent the day-to-day in normal operations. incurred Supplies services and Supplies and services are expenses in the reportingrecognised as an expense The are incurred. they period in which carrying inventories amounts of any when are expensed distribution held for distributed. provided services and assets of value Fair charge nominal or of for consideration free freeContributions of resources provided nominal consideration or for of charge when value are recognised at their fair them, obtains control over the transferee of whether restrictions or irrespective the use of conditions are imposed over fromthe contributions, unless received department or agency another government of as a consequence of a restructuring In the latter arrangements. administrative will be recognised a transfer case, such at carrying Services value. are only can be reliably value recognised when a fair determined and the services have would if not donated. been purchased DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 34 Assets –Impairment of Financial Assets). economic flows (refer to Note 1(n)Financial doubtful receivables, areclassifiedasother written off unilaterally andtheallowance for classified asatransaction expense. Those as written off by mutual consentare regular basis. Those bad debtsconsidered Bad anddoubtfuldebtsareassessedona Bad anddoubtfuldebts from transactions. which isreportedaspartofincome or interestearnedonfinancialassets, instruments atfair value excludes dividends The revaluation gain/(loss)onfinancial fair value instruments Revaluations of financial at financial assets. amortised cost,anddisposalsof impairment for financialinstruments at impairmentandreversal trading, of value throughprofitorlossheld-for- instruments thataredesignatedatfair and lossesfromrevaluations offinancial includes realisedandunrealisedgains Net gain/(loss)onfinancialinstruments Net gain/(loss)onfinancialinstruments the assetandfair value lesscoststosell. cash flows from expected tobeobtained the higherofpresentvalue offuture generate netcashinflows is measured at amount for assetsheldprimarily to hasbeenmade.Recoverable contrary replaced unlessaspecificdecisiontothe arising fromtheuseofassetwillbe their loss,thefuture economicbenefits generating purposes,andintheevent of Department arenotprimarilyusedfor cash is duetothefact mostassets heldby the cost andfair value lesscoststosell. This the higherofdepreciatedreplacement amount for mostassetsismeasured at hasbeenmade. contrary The recoverable replaced unlessaspecificdecisiontothe arising fromtheuseofassetwillbe of anasset,thefuture economicbenefits It isdeemedthat,intheevent oftheloss to thatclassofasset. asset revaluation surplusamountapplicable that thewritedown canbedebited toan

(L) ( M )

ADMINISTERED INCOME FINANCIAL INSTRUMENTS Administered Items(seeNote3). disclosed asincomeintheschedule of of thegrant.Commonwealth grantsare non-reciprocal dependingontheterms Conditional grantsmay bereciprocalor the grantisreceived orreceivable. deemed tohave assumedcontrolwhen reciprocal grants,theDepartmentis has occurred under thegrant.For non- assumed controlwhentheperformance the Departmentisdeemedtohave back by thedepartmenttoprovider), reciprocal grants(i.e.equalvalue isgiven are reportedasadministeredincome.For payable intotheConsolidatedFund, they underlying assets. Where such grantsare the Departmentgainscontrolof Grants arerecognisedasincomewhen other jurisdictions. recipients. Grantsalsoincludegrantsfrom purposes and/orfor on-passingtoother the operationsofrecipient,capital the purposeofaidinginfinancing obligations,primarilyfor delivery service Government inmeetinggeneralorspecific the Commonwealth toassisttheState mainly comprisefundsprovided by The Department’s administeredgrants Grants flows includethegainsorlosses from: Other gains/(losses)fromothereconomic flows economic from other Other gains/(losses) instruments in AASB 132 Financial do notmeetthedefinitionoffinancial financial assetsandliabilities statute ratherthanacontract.Such assets andfinancialliabilitiesariseunder Department’s financial activities, certain another entity. Duetothenature ofthe instrument orequity of financial liability a and to afinancialassetofoneentity contractual agreementsthatgive rise Financial instruments ariseoutof > > > > change inbondinterestrates. leave dueto the longservice liability the revaluation ofthepresentvalue of or reclassification;and result duetodisposalorderecognition and/or accumulatedsurplustonet transfer ofamountsfromthereserves

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 35

Statutory receivables, which include Statutory which receivables, from predominantly amounts owing and GST Government Victorian the and input tax credits recoverable; include which receivables, Contractual mainly debtors in relation to goods and services, loans to third parties, income, and investment accrued to (refer finance lease receivables Note 1(o) leases). > > at amortised cost, using the effective at amortised cost, using the effective interest rate method, less any accumulated impairment. is doubtful receivables for A provision evidence made when there is objective that the debts will not be collected, and when identified. off bad debts are written (see Note 1(k)). > > are that are contractual Receivables classified as financial instruments. Statutory are not classified as receivables financial instruments. are recognised initially at fair Receivables subsequently measured and value Offsetting financial instruments and liabilities assets Financial instrument the net amount presented and are offset sheet when,in the consolidated balance concernedand only when, the Department the amounts and has a legal right to offset on a net basis or intends either to settle the liability settle to realise the asset and simultaneously. Cash and deposits cashCash and deposits including comprise cash on hand andequivalents cash at bank, deposits at call and highly with an original maturity liquid investments are held for of three months or less, which the purpose of meeting short term cash investment commitments rather than for readily convertible are purposes, and which amounts of cash and are subjectto known value. in changes to insignificant risk of statement cash flow presentationFor purposes, cash and cash equivalents are included which includes bank overdrafts, the balance sheet. on as borrowings Receivables consist of: Receivables FINANCIAL ASSETS

(N)

. For example, . For instruments: presentation statutory from taxes, arising receivables thepenalties do not meet fines and as they of financial instruments definition However, do not arise under contract. on Treasurer the guarantees issued by are financialbehalf of the department because, although authorised instruments the terms and conditions for under statute, vary financial guarantee may and are each subject to an agreement. note disclosure for Where relevant, is made betweenpurposes, a distinction and financial liabilitiesthose financial assets that meet the definition of financial 132 AASB in accordance with instruments and those that do not. to financial instruments refers following The unless otherwise stated. Categories of non-derivative financial instruments receivables and Loans are financial and receivables Loans and assets with fixed instrument that are notdeterminable payments assetsThese market. quoted on an active plus value are initially recognised at fair costs. transaction directly attributable any Subsequent to initial measurement, loans are measured at amortisedand receivables method, interest cost using the effective impairment. less any category and receivables Loans includes to Note 1(n), term cash and deposits (refer greater than three deposits with maturity loans and othermonths, trade receivables, but not statutoryreceivables, receivables). cost amortised at liabilities Financial liabilities are initiallyFinancial instrument are originated.recognised on the date they plus value are initially measured at fair They costs. Subsequent attributable directly any to initial recognition, these financial are measured at amortisedinstruments between the initial difference cost with any recognised amount and the redemption recognised in profit and loss being value the period of the interest-bearing over interest using the effective liability, rate method. DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 36 economic flows' inthenetresult. doubtful receivables areclassifiedas'other by mutual consentandallowance for expense. The baddebtsnotwritten off consent areclassifiedasatransaction debts consideredaswritten off by mutual are assessedonaregularbasis. Those bad Bad anddoubtfuldebtsfor financialassets to annualreview for impairment. fair value throughprofitorloss,aresubject financial assets, except thosemeasuredat or groupoffinancialassetsisimpaired. All objective evidence thatafinancialasset each reportingperiodwhetherthereis The Departmentassessesattheendof Impairment offinancialassets shorter period. a the financialassetorwhereappropriate, cash receiptsthroughtheexpected life of that exactly discountsestimatedfuture period. The effective interestrateisthe allocating interestincomeover therelevant amortised costofafinancialassetand method isaofcalculatingthe less impairment. The effective interest cost, usingtheeffective interestmethod, other receivables arerecordedatamortised Term deposits,tradereceivables, loansand Loans andreceivables group offinancialassetsisimpaired. sheet datewhetherafinancialassetor The Departmentassessesat each balance investments atinitialrecognition. determines theclassificationofits investments were acquired.Management depends onthepurposefor which the for-sale financialassets. The classification or loss;loansandreceivables; andavailable- financial assetsat fair value throughprofit investments intothefollowing categories: The Departmentclassifiesits other transaction costs. are initiallymeasuredatfair value, netof by established themarket concerned and of theinvestment withinthetimeframe contract; whosetermsrequiredelivery or saleofaninvestment isundera recognised ontradedatewherepurchase Investments arerecognisedandde- Investments, loansandotherfinancialassets (O)

LEASES term of the lease. term ofthelease. estimated usefullife oftheassetor is depreciatedover theshorterof inception ofthelease. The leasedasset lease payment, each determinedatthe lower, thepresentvalue oftheminimum the fair valueor, oftheleaseproperty if assets andliabilitiesatamountsequalto finance leasesareinitiallyrecognisedas At thecommencementofleaseterm, Department as lessee respect ofthelease. return onthenetinvestment in outstanding periodicrateof order toreflectaconstant receivable over thetermofleasein revenue andreductionofthelease receipts areapportionedbetweeninterest end oftheleaseterm.Finance residual value expected toaccrue atthe the presentvalue ofany unguaranteed minimum leasepayments receivable plus amounts equaltothepresentvalue ofthe lease receivables areinitiallyrecordedat leases arerecordedasreceivables. Finance Amounts duefromlesseesunderfinance Department as lessor Finance Leases operating leases. the lessee. All otherleasesareclassifiedas all therisksandrewards ofownership to the termsofleasetransfer substantially are classifiedasfinanceleaseswhenever Leases ofproperty, plantandequipment toownership.incidental so astoreflecttherisksandrewards oftheagreement the economicsubstance either operatingorfinanceleasesbasedon Leases areclassifiedattheir inceptionas for payment. an agreedperiodoftimeinexchange A leaseisarighttouseanassetfor of assets. accordance with AASB 136 Impairment averages shortcutsin andcomputational andusingestimates, assessing materiality applies professional judgementin not financialinstruments, theDepartment (non-contractual) financialassetswhich are In assessingimpairmentofstatutory

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 37

Inventories other include goods and Inventories sale or forproperty either for held cost in the or nominal distribution at zero ordinary course of business operations. excludes sale and It includes land held for depreciable assets. distribution are held for Inventories any for measured at cost, adjusted loss of serviceAll other potential. sale, including land held for inventories, of cost and lower are measured at the net realisable value. used in assessing loss of serviceBases distribution held for inventories potential for replacement cost andinclude current or functional obsolescence. technical obsolescence occurs when an Technical some or all of theitem still functions for tasks originally acquired to do, but it was technologies. existing no longer matches obsolescence occurs when an Functional it did item no longer functions the way first acquired.when it was inOther supplies and consumables, work valued atprogress and finished goods are of cost and net realisable value. the lower saleCost is assigned to land for and under development (undeveloped, low and to other high value, developed) inventory items on a specificvolume identification of cost basis. other inventory is measured on all Cost for cost. average the basis of weighted or nominal no cost acquired for Inventories consideration are measured at current replacement cost at the date of acquisition. Non-financial assets classified as held for sale, including disposal group assets Non-financial assets (and disposal groups) for sale are measured atclassified as held of carrying value amount and fair the lower less costs to sell, and are not subject to depreciation. Non-financial assets, disposal groups and related liabilities and financial assets and classified asare treated as current if their carrying sale held for will amount through a sale transaction be recovered This rather than through continuing use. condition is regarded as met only when the sale sale is highly probable and the asset’s NON-FINANCIAL ASSETS NON-FINANCIAL

(P)

Minimum finance lease payments arefinance lease payments Minimum of the between reduction apportioned periodic and outstanding lease liability, is calculated using expense which finance in the lease andthe interest rate implicit directly to the comprehensive charged operating statement. Contingent rentals leases areassociated with finance period in in the recognised as an expense incurred. are they which Operating Leases Lessor as Department operating leases isRental income from the recognised on a straight line basis over lease. term of the relevant the agreement of a new for All incentives operating lease are recognised or renewed as an integral part of the net consideration the use of the leased asset,agreed for or nature incentive’s of the irrespective or the timing of payments. form are that lease incentives In the event to the lessee, the aggregate cost ofgiven are recognised as a reductionincentives the lease term of rental over expense on a straight line basis, unless another basis is more representativesystematic economic in which of the time pattern benefits of the leased asset is diminished. Lessee as Department including any Operating lease payments, contingent rentals, as an are recognised operating in the comprehensive expense statement on a straight-line basis over where another the lease term, except basis is more representativesystematic of the benefits derived of the time pattern from the use of the leased asset. the agreement of a new for All incentives operating lease are recognised or renewed as an integral part of the net consideration the use of the leased asset,agreed for or nature of the incentive’s irrespective timing of payments. or the form are that lease incentives In the event enter into operating leases, the to received are recognisedaggregate cost of incentives as a reduction of rental over expense the lease term on a straight line basis, basis is moreunless another systematic in which representative of the time pattern economic benefits of the leased asset are consumed. DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 38 certain thattherestrictionswillno certain are nottakenintoaccountuntilitisvirtually that may beavailable inrelationtotheasset use oftheasset. Theoretical opportunities commitments madeinrelationtointended on theasset,publicannouncementsor legal orconstructive restrictionsimposed use after dueconsiderationismadefor any regard totheproperty’s highestandbest Crown landismeasuredatfair value with depreciation andimpairment. revalued atfair value lessaccumulated measured initiallyatcostandsubsequently All non-current physical assetsare Property, plantandequipment for immediateuseinthecurrent condition. of classificationandtheassetis available completed within12 monthsfromthedate (or disposalgroupsale)isexpected tobe values. Independentvaluers areusedto assessments indicatematerial changes in but may occurmorefrequentlyiffair value asset’s Government Purpose Classification, occurs everyfive years, baseduponthe ten percent. A fullrevaluation normally the compoundedmovement ismorethan Victoria andanincrementisrecognisedif issued annuallyby the Valuer General performed everyyear basedonindices of Finance. A managerialvaluation is with FRD103D issuedby theMinister at fair value andarerevalued inaccordance Non-current physical assetsaremeasured Revaluations ofnon-currentphysicalassets Refer toNote1(o)Leases. finance leases Non-current physicalassetsarisingfrom whichever istheshorter. estimated usefullife oftheimprovements, over theremainingtermofleaseor asanassetanddepreciated capitalised The costofaleaseholdimprovement is Leasehold improvements lives oftheassetsconcerned. replacement costbecauseoftheshort a reasonableproxy for depreciated depreciated historicalcostisgenerally plant, equipmentandvehicles, existing asset’s depreciatedreplacementcost.For normally determinedby reference tothe and plant,equipmentvehicles, is The fair value ofinfrastructure systems longer apply. incurred subsequent to initial recognition incurred subsequenttoinitialrecognition accumulated impairmentlosses. Costs cost lessaccumulatedamortisation and with finiteusefullives arecarried at at cost.Subsequently, assets intangible assetsareinitiallyrecorded Intangible Intangible assets and fixed overheads. and anappropriateproportionofvariable construction, directlabourontheproject, includes thecostofallmaterialsusedin assets constructed by theDepartment The costofnon-current physical Department Non-current physicalassetsconstructedbythe the relevant asset. accumulated fundsonde-recognitionof surplus isnotnormallytransferred to assets indifferent classes. Any revaluation class butarenotoffset inrespectof offset againstoneanotherwithinthat of property, plantandequipment,are relating toindividualassetswithinaclass Revaluation increasesanddecreases revaluation surplus. under the amountaccumulatedinequity in othercomprehensive incomereduces The netrevaluation decreaserecognised class ofproperty, plantandequipment. revaluation surplusinrespectofthesame extent thatacreditbalanceexists inthe in othercomprehensive incometothe revaluation decreaseshallberecognised flows) inthenetresult, except thatthenet immediately asexpenses (othereconomic Net revaluation decreasesarerecognised net result. expense (othereconomicflows) inthe equipment previously recognised asan the sameclassofproperty, plantand a netrevaluation decreaseinrespectof the netresulttoextent that itreverses revaluation increaseshallberecognisedin the revaluation surplus,except thatthenet under income andaccumulatedinequity are recognisedinothercomprehensive increased asaresultofrevaluation) amountofaclassassetsis carrying Net revaluation increases(wherethe value andfair value. arise fromdifferences betweencarrying FRD’s. Revaluation increasesordecreases accordance withtherequirementsof any interimvaluations asdeterminedin conduct thesescheduled revaluations and

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 39

Contingent Liabilities and Contingent Liabilities Provisions, measured at fair value, and if there is a and if there value, at fair measured that the in the likelihood material increase then to be exercised, have may guarantee amount at the higher of the it is measured AASB with determined in accordance 137 and the amount initiallyAssets Contingent amortisation,recognised less cumulative where appropriate. value, of fair In the determination including to factors consideration is given capital management/prudential the overall in operation,supervision framework the State by the protection provided of funding should the way by Government probability increase, probability of default the guaranteed party by and theof default loss to the Department in the event likely of default. its financial Department has reviewed The guarantees and determined that there is no material liability for to be recognised Junefinancial guarantee contracts at 30 2010. 30 June and at 2011 loans and other amounts of any value The guaranteed is disclosed in Note 3 and Note 22. Provisions are recognised when the Provisions Department has a present obligation, the sacrifice of economic benefits future is probable, and the amount of the provision can be measured reliably. amount recognised as a liabilityThe is the best estimate of the consideration required the present obligation at the end to settle of the reporting period, taking into account the risks and uncertainties the surrounding is measured a provision Where obligation. estimated to settle using the cashflows the present obligation, its carrying amount of those cashflows, is the present value using a discount rate that reflects the time and risks specific to the of money value provision. Employee expenses accruing benefits is made for Provision and in respect of wages to employees and long servicesalaries, annual leave services for rendered to theleave reporting date.

tax payable. fair are initially recognised at Payables being the cost of the goods andvalue, services, and subsequently measured at amortised cost. Borrowings are initially measured at fair Borrowings net the cost of the borrowings, being value, of transaction costs. Subsequent to initial recognition, are measured at amortised borrowings between the initial difference cost with any recognised amount and the redemption recognised in net result over being value using the the period of the borrowing interest method. effective Financial guarantees that are contingent under Payments financial guarantee contracts are recognised as a liability at the time the liabilityThe is initially guarantee is issued. Payables accounts consist predominantly of Payables and other sundrypayable liabilities. represent liabilities payable Accounts goods and servicesfor to the provided Department prior to the end of the financial that are unpaid, and arise when theyear Department becomes obliged to make in respect of the purchase payments future of those goods and services. mainly Other liabilities included in payables consist of unearned/prepaid income, goods and services tax and fringe benefits are capitalised when it is expected thatare capitalisedit is expected when benefits will economic additional future to the Department. flow Other non-financial assets Prepayments assets includeOther non-financial represent payments which prepayments or services of receipt of goods in advance made in or that are part of expenditure a term covering one accounting period that period. beyond extending non-financial of assets Impairment to Note 1(k) Other Economic Flows Refer included in Net Result. LIABILITIES

(Q) DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 40 time ofsettlement. remuneration rateexpected to applyatthe when theliabilitiesaresettled usingthe value oftheamountsexpected tobepaid non current liabilities,measuredatpresent in theprovision for employee benefitsas settled within12 monthsarerecognised Those liabilitiesthatarenot expected tobe and measuredattheirnominalvalues. liabilities areclassifiedascurrent liabilities provision for employee benefits. These of thereportingdatearerecognisedin expected tobesettled within12 months benefitsandannualleave non-monetary Liabilities for wages andsalaries,including are measuredat: The componentsofthiscurrent LSL liability leave within12 months. of theentitlementshouldanemployee take unconditional righttodefer thesettlement 12 monthsbecauseitwillnothave the not expect tosettle within theliability even liability wheretheDepartmentdoes asacurrent to thefinancialstatements Unconditional LSL isdisclosedinthenotes LSL Current -unconditional liability employee benefits. is recognisedintheprovision for leave forLiability longservice (LSL) requisite years ofservice. until theemployee hascompletedthe defer thesettlement oftheentitlement liability. There isanunconditionalrightto asanon-current the financialstatements Conditional LSL isdisclosedinthenotesto LSL current -conditional Non liability > > ii. i. > >

sick leave Wages andsalaries,annualleave and Long service leaveLong service 12 months. department expects tosettle within nominal value –componentthatthe within 12 months;and department doesnotexpect tosettle present value –componentthatthe

(S) (R)

CONTINGENT ASSETSAND COMMITMENTS from theprovision ofemployee benefits. superannuation arerecognisedseparately payroll workers tax, compensationand Employee benefitson-costssuch as Employee benefits on-costs discounted topresentvalue. after theendofreportingperiodare Benefits falling duemorethan 12 months redundancy.made toencouragevoluntary termination benefitsasaresultofanoffer ofwithdrawalpossibility orproviding formalaccording toadetailed planwithout employment ofcurrent employees committed toeitherterminatingthe benefits whenitisdemonstrably Department recognisestermination in exchange for thesebenefits. The employee redundancy acceptsvoluntary normal retirementdate,orwhenan employment isterminatedbefore the Termination benefitsarepayable when (refer Note1(k)). recognised asan'othereconomicflow' bond interestratesfor which itisthen a gainorlossarisesduetochanges in transaction, except totheextent that current LSL isrecognisedasa liability revaluation ofthepresentvalue ofnon- at presentvalue. Gainorloss following This non-current LSL ismeasured liability payable respectively. presented inclusive ofGST receivable or value. Contingentassetsandliabilitiesare if quantifiable,aremeasuredatnominal but aredisclosedby way of anoteand, are notrecognisedinthebalancesheet, Contingent assetsandcontingentliabilities LIABILITIES projects arestated. net presentvalues ofsignificantindividual additional relevant information tousers,the considered appropriateandprovides nominal values. Inaddition,whereitis Commitments aredisclosedattheir iii.

Termination benefits

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 41 As at 30 June 2011, the following the following 2011, at 30 June As standards and interpretations (applicable but were had been issued to departments) ending 30year not mandatory financial for Standards and Interpretations 2011. June to the Departmentthat are not applicable Department hasThe been omitted. have standards.not 'early adopted' these

ISSUED THAT ARE NOT YET ISSUED THAT s Certain new AASs have been published have AASs Certain new that are not mandatory 2011 30 June for Department ofThe reporting period. assesses the impact and Finance Treasury standards of these new and advises Departments and other entities of their applicability and early adoption where applicable. All foreign currency transactions during currency All foreign year are brought to accountthe financial at the rate in effect using the exchange monetarydate of the transaction. Foreign at the date of the end ofitems existing the reporting period are translated at the closing rate at the date of the end of the reporting period. Non-monetary assets that are denominated value at fair carried are translated at thecurrencies in foreign at the date when the fair rates prevailing determined. was value are translation differences currency Foreign andrecognised in 'other economic flows' accumulated in a separate component of arise. they in the period in which equity, Contributions by owners been have to net assets which Additions owners designated as contributions by are recognised as contributed capital. of that are in the nature Other transfers also contributions or distributions have been designated as contributions by owners. by assets arising from of net Transfers as are treated restructurings administrative owners. distributions to or contributions by EFFECTIVE A contingent asset is a possible asset asset is a possible A contingent whose and from past events that arises by the only will be confirmed existence of one or or non-occurrence occurrence not wholly events more uncertain future the entity. within the control of A contingent liability is a possible obligation and whose events that arises from past by the will be confirmed only existence of one or or non-occurrence occurrence not wholly events more uncertain future the entity. within the control of AAS EQUITY FOREIGN CURRENCY

(V) (U) (T) DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 42 Interpretation 14] Interpretation [AASB Requirement Funding Minimum a of -Prepayments Interpretation Australian to Amendments 2009-14 AASB Interpretations 2, 4, 16, 1039 and 1052] and 16, 1039 4, 2, Interpretations 112, 119,and 1031 137, and 133, 1023 139, 110, 108, 8, 5, [AASB Standards Accounting Australian to Amendments 2009-12 AASB 2009) (Dec Disclosures Party Related AASB124 27] 19, ,5,10,12, Interpretations and &1038 139,1023 108,112,118,120,121,127,128,131,132,136,137, 1,3,4,5,7,101,102, [AASB 2010) (December 9 AASB from arising Standards Accounting Australian to Amendments 2010-7 AASB 7] AASB 1& [AASB Assets Financial of Transfers on -Disclosures Standards Accounting Australian to Amendments 2010-6 AASB 1042] & 112,115,127,132 Interpretations and &1038 9,140, 1023 1,107,112,118,119,121,132,133,134,137,13 1,3,4,5,10 [AASB Standards Accounting Australian to Amendments 2010-5 AASB 13] Interpretation and 134 101 &AASB AASB 1, AASB7, [AASB Project Improvements Annual the from arising Standards Accounting Australian to Amendments Further 2010-4 AASB Disclosure Requirements Accounting Standards arising from Reduced Australian to Amendments 2010-2 AASB funding requirement [AASB Interpretation 14] Interpretation [AASB requirement funding aminimum of -Prepayment Interpretation Australian to Amendments 2009-14 AASB STANDARD /INTERPRETATION

operating segment disclosures. This This disclosures. segment operating certain of purposes for customer single a considered are government that of control the under be to known entities and agovernment whether assessing in judgement exercise to entity an require 8to AASB amends standard This disclosure requirements. certain with exemption partial granted been have entities related Government 9. AASB of introduction the to relation in are amendments These assets. financial the of risk and nature the includes This assets. financial of transfer disclosure requirements about the This amendment adds and changes IASB. the by IFRSs of text the to made changes reflect to amendments Interpretations, which includes Accounting Standards and Australian of arange to corrections This amendment contains editorial standards. of clarity designed improvements to enhance the numerous makes Standard This entities. of types certain by application for pronouncements the reduced disclosure requirements to introduce to interpretations, including Standards, Accounting Australian many to amendments makes Standard This requirement. funding minimum a of prepayments of issuance the from 14 arise Interpretation to Amendments minimum funding requirement funding minimum a of Prepayments of issuance the from 14 arising Interpretation to Amendment AASs. other to amendments editorial numerous makes also standard SUMMARY 1 January 2011 1 January Beginning 2013 1 January Beginning 2011 1 July Beginning 2011 1 January Beginning 2011 1 January Beginning 2013 1 July Beginning 2011 1 January Beginning 1 January 2011 1 January Beginning 2011 1 January Beginning ENDING ON BEGINNING OR PERIODS REPORTING FOR ANNUAL APPLICABLE

FINANCIAL STATEMENTS IMPACT ONDEPARTMENTAL early adopt. to whether and impact detailed the assessing still is Department the However insignificant. is impact that Preliminary assessment suggests being assessed. still is impact of Detail standards. the requirements of numerous changes it and standard anew is 9 AASB as bodies sector public and onimpact departments an have may amendment This assessed. being still is impact of Detail assets. financial of transfers for disclosure additional creates it as entities sector public and departments on impact may This financialstatements. the on impact significant No financialstatements. the on impact significant No financialstatements. in disclosures note some reduce May position. or result financial on impact any have to expected not is so recognition, or measurement Does financial not affect impact. significant no have to Expected impact. significant no have to Expected entities. profit for are which applies, AASB8 whom to entities those to apply only amendments The

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 43

Detail of impact is still assessed. being Detail of impact is still assessed. being No impact on the department. provides amendment This through clarification additional guidance. practical Amendment unlikely to impact on entities. sector public This amendment will have no significant impact on public sector bodies. is Government Victorian The currently considering the impacts of Reduced Disclosure Requirements (RDRs) andhas not decided if RDRs will be implemented to Victorian Sector.Public IMPACT ON DEPARTMENTAL IMPACT FINANCIAL STATEMENTS

APPLICABLE FOR ANNUAL REPORTING PERIODS BEGINNING OR ENDING ON Beginning 1 January 2013 Beginning 1 January 2013 Beginning 1 July 2013 Beginning 1 January 2012 Beginning 1 July 2011 Beginning 1 July 2011 Beginning 1 July 2013 SUMMARY The standard simplifies requirements for the classification and measurement of financial assets resulting from Phase 1 of the IASB’s project to replace IAS 39 Financial instruments: recognition and measurement (AASB 139 financial instruments: recognition and measurement). This gives effect to consequential consequential effect to gives This changes arising from the issuance of AASB 9. This Standard establishes a differential reporting financial framework consisting of two tiers of reporting for preparing statements. financial purpose general This amendment provides a practical approach for measuring deferred tax assets and deferred tax liabilities when measuring investment property by using the fair value model in AASB 140 Property. Investment provides amendment guidance This for entities emerging from severe hyperinflation who are going to resume Accounting Australian presenting Standards financial statements or entities that are going to present Standards Accounting Australian financial statements for the first time. It provides relief for first-time adopters from having to reconstruct transactions that occurred before their date of transition to Australian Accounting Standards. This amendment affects multiple Australian Accounting Standards and AASB Interpretations for the objective of increased alignment with IFRSs and between both harmonisation achieving Australian and New Zealand Standards. It achieves this by removing guidance and definitions from some Australian charging without Standards, Accounting requirements. their The objective of this amendment is to include some additional disclosure from the Trans-Tasman Convergence Project requirements disclosure reduce to and for entities preparing general purpose financial statements under Australian Accounting Standards - Reduced Requirements. Disclosure / INTERPRETATION

STANDARD AASB 9 Financial instruments AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9 102, 118, [AASB 108, 101, 112, 3, 4, 5 , 7, 1, 132, 136, 128, 139, 131, 1023 and 127, 121, 1038 and Interpretations and 10 12] AASB 1053 Application of Different Tiers of Standards Accounting Australian AASB 2010-8 Amendments to Australian Accounting Standards - Deferred Tax: Recovery of Underlying Assets [AASB 112] AASB 2010-9 Amendments to Australian Accounting Standards - Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters [AASB 1] AASB Amendments 2011-1 to Australian Accounting Standards arising from Trans- Tasman Convergence Project [AASB AASB 1, 5, AASB AASB AASB 101, 107, 108, AASB AASB121, 128, AASB 132 & AASB 134 and Interpretations & 113] 2,112 AASB Amendments 2011-2 to Australian Accounting Standards arising from the Trans- Tasman Convergence Project - Reduced Disclosure Requirements [AASB & AASB 101 1054] DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 44 Related Amendments [AASB 1049] [AASB Amendments Related and Manual GFS ABS the to Changes of Accounting Standards - Orderly Adoption Australian to 2011-3 Amendments AASB Disclosure Requirements Accounting Standards arising from Reduced Australian to 2010-12 Amendments AASB STANDARD

/ INTERPRETATION current year. are classifiedonabasisconsistentwiththe Where practicable,comparative amounts Comparatives quality services tooverseas services investorquality clients. Offices network,theDepartment provides Utilising the Victorian Government Business investments. facilitating strategicallyimportant and location andbytargeting identifying, global economy asaworld classinvestment This isachieved by promoting Victoria inthe place toinvest. to invest andpromote Victoria asanattractive toorganisationsmakeassistance iteasy This outputprovides market intelligenceand Objectives initiatives andassistance. export development and facilitationservices, opportunities throughinvestment attraction investment locationandoptimisetrade group istoposition Victoria asaworld class strategicobjectiveThe ofthisoutput primary Description ofOutput INVESTMENT ANDTRADE output grouparesummarisedbelow. 2011, togetherwiththeobjectives ofeach Department duringtheyear ended30June A descriptionofeach outputgroupofthe OUTPUTS (CONTROLLED) DEPARTMENTAL 2. NOTE

certain types of entities. of types certain by application for pronouncements the reduced disclosure requirements to introduce to interpretations, , including Standards Accounting Australian many to amendments makes Standard This disclosures. related and Manual GFS ABS the to changes of adoption the facilitate to and Manual, GFS ABS the of definition the clarify to 1049 AASB amends This SUMMARY productive workforce. activities, andinitiatives tofoster askilledand trends,facilitationandsupport industry information andresearch oneconomicand Department alsoprovides market intelligence commercialisation ofideasandresearch. The andfostering theadoptionand services knowledge industries,infrastructure and This isachieved by investing instrategic created andinnovation stimulated. collaborative research soknowledge is grow andsupportorganisationstoundertake they arebetter up,export placedtostart and to and assistance Victorian businessesso This outputprovides low costinformation Objectives thriving smallbusinesssector. research, innovation, commercialisationanda through programsandinitiatives thatsupport economic growth inindustriesacross Victoria group istodriveandenduring sustainable strategicobjectiveThe ofthisoutput primary Description ofOutput INDUSTRY ANDINNOVATION role in the delivery oftheseoutputs. role inthedelivery Regional Development Victoria takesaleading developmentindustry ofprovincial Victoria. economic and group istoensuresustained strategicobjectiveThe ofthisoutput primary Description ofOutput REGIONAL DEVELOPMENT 1 July 2013 1 July Beginning 2012 1 July Beginning ENDING ON BEGINNING OR PERIODS REPORTING FOR ANNUAL APPLICABLE

FINANCIAL STATEMENTS IMPACT ONDEPARTMENTAL financialstatements. in disclosures note some reduce May position. or result financial on impact any have to expected not is ,so recognition or measurement Does financial not affect occur. will measurements performance on impact No used. not is Manual GFS latest the if disclose to what and used be to Manual GFS the of version the on users to clarification This amendment provides

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 45

CHANGES IN OUTPUTS In respect of machinery-of-government on announced changes adminstrative financial statements of 8 December 2010, period of the Department reflect the actual responsibility the outputs, being the period for Components to 31 December 2010. of 1 July been output have Development of the Regional of Planning to the Department transferred and theand Community Development to been moved remaining components have output. Skills output Trade and the Investment Department of to the has been transferred Education and Early Childhood Development. output has been restructured Workforce The andand will be renamed to Employment amounts for Comparative Industrial Relations. not been adjusted. have the prior year MAJOR PROJECTS of Output Description primary of this outputThe objective strategic to ensure investment group is infrastructure improved enjoy Victorians of generations future services, and stronger economic growth increased job opportunities. Objectives project management output delivers This economic, exceptional services that achieve all outcomes for social and environmental Victorians. with the government output provides This management and delivery public of nominated projects, and land development construction projects and the co-ordination of development studies. associated feasibility

Description of Output primaryThe of this output strategic objective group is to respond to the labour and skills needs of industry through the planning education and of vocational and purchasing training services. the provision It also covers andof targeted initiatives employment and flexible the facilitation of co-operative, workplaces. productive Objectives identifies industry output This requirements businesses in and assists workers skilled for to from overseas, accessing skilled workers industry needs. Victoria’s align with through its policies and Department The programs, respond to labour andemployment skill needs of industry and link disadvantaged and migrants to jobs. job seekers paragraph, to the 'Changes in Outputs' Refer to this output. detailsfor of changes SKILLS AND WORKFORCE MARKETING VICTORIA Description of Output primary of this outputThe strategic objective both nationally andVictoria is to promote work, internationally as a great place to live, a leading plays Victoria Tourism and learn. invest role in the delivery of this output. Objectives campaigns to output creates awareness This Victoria. encourage more tourists to visit asVictoria positioning by is achieved This business and fair a distinct, competitive and tourist destination exporter environment, these promoting and marketing and by Tourism overseas. nationally and characteristics for events supports and develops Victoria to maximise economic and tourismVictoria benefits and maximises the dissemination throughVictoria about of tourism information online channels. Objectives and facilitates output develops This that projects and infrastructure investment capacity the competitive continue to improve in growth and contribute to economic Victoria. provincial the 'Changes in Outputs' paragraph to Refer to this output. detailsfor of changes DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 46 NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS (CONTINUED) Schedule A - controlled income and expenses for the year ended 30 June 2011

INVESTMENT AND TRADEINDUSTRY AND INNOVATIONMARKETING VICTORIA REGIONAL DEVELOPMENT SKILLS AND WORKFORCE MAJOR PROJECTS DEPARTMENTAL TOTAL

2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

CONTINUING OPERATIONS Income from transactions

Output appropriations 85,004 103,907 203,540 227,600 76,001 75,099 31,903 50,171 789,199 1,474,342 8,070 26,721 1,193,717 1,957,840

Regional Infrastructure Development Fund appropriations – – – – – – 24,553 77,200 – – – – 24,553 77,200

Interest – – 1,705 2,251 – – 5,160 6,702 – – 893 510 7,758 9,463

Grants and other income transfers 35,250 3,926 19,534 21,710 23,509 2,616 3,963 530 3,476 3,289 5 – 85,737 32,071

Fair value of assets and services received free of charge or for nominal consideration – – – – – – – – – 13,010 – – – 13,010

Other income 81 48 2,938 2,838 118 74 2,080 1,177 728 2,575 65,383 23,116 71,328 29,828

TOTAL INCOME FROM TRANSACTIONS 120,335 107,881 227,717 254,399 99,628 77,789 67,659 135,780 793,403 1,493,216 74,351 50,347 1,383,093 2,119,412

EXPENSES FROM TRANSACTIONS

Grants and other expense transfers (76,998) (63,373) (147,595) (176,588) (86,645) (72,586) (37,905) (85,801) (659,778) (1,250,222) (244) (1,001) (1,009,165) (1,649,571)

Employee benefits (19,841) (19,269) (33,083) (34,166) (2,242) (2,052) (10,840) (13,109) (12,346) (12,757) (6,565) (6,506) (84,917) (87,859)

Depreciation and amortisation (384) (427) (1,316) (1,489) (334) (350) (701) (588) (883) (1,307) (630) (615) (4,248) (4,776)

Capital asset charge (245) (258) (2,816) (2,631) (1,649) (246) (338) (298) (105,537) (198,752) (3,521) (2,757) (114,106) (204,942)

Other operating expenses (20,739) (23,862) (55,300) (45,098) (7,236) (5,092) (11,371) (15,702) (12,867) (13,530) (69,752) (36,439) (177,265) (139,723)

Interest expense (28) (24) (39) (43) (4) (4) (23) (33) (11) (14) (1) (3) (106) (121)

TOTAL EXPENSES FROM TRANSACTIONS (118,235) (107,213) (240,149) (260,015) (98,110) (80,330) (61,178) (115,531) (791,422) (1,476,582) (80,713) (47,321) (1,389,807) (2,086,992) DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT

PAGE 47

transferred to the Department of Education and Early Childhood Development. The Workforce will be restructured and renamed to Employment and Industrial relations. Comparative amounts for the prior year have not been adjusted. been not have year prior the for amounts Comparative relations. Industrial and Employment to renamed and restructured be will Workforce The Development. Childhood Early and Education of Department the to transferred

Components of the Regional Development output have been transferred to the Department of Planning and Community Development and the remaining components have been moved to the Investment and Trade output. Skills output has been been has output Skills output. Trade and Investment the to moved been have components remaining the and Development Community and Planning of Department the to transferred been have output Development Regional the of Components

In respect to machinery-of-government adminstrative changes announced on 8 December 2010, financial statements of the Department reflect the actual period of responsibility for the outputs, being the period of 1 July to 31 December 2010. 2010. December 31 to July 1 of period the being outputs, the for responsibility of period actual the reflect Department the of statements financial 2010, December 8 on announced changes adminstrative machinery-of-government to respect In

24,816 24,816 (3,786) (5,048) 1,954 16,711 (2,602) 20,310 5,992 (2,486) 1,503 (5,422) (12,711) 751 2,078

TOTAL CHANGE IN NET WORTH NET IN CHANGE TOTAL

COMPREHENSIVE RESULT - - RESULT COMPREHENSIVE

– 3,771 – 8,316 – (4,545) – – – – – – – –

CHANGES IN EQUITY IN CHANGES

FLOWS- OTHER NON OWNER OWNER NON OTHER FLOWS-

TOTAL OTHER ECONOMIC ECONOMIC OTHER TOTAL

– 3,771 – 8,316 – (4,545) – – – – – – – – surplus revaluation

Changes in physical asset asset physical in Changes

IN EQUITY IN

OTHER NON OWNER CHANGES CHANGES OWNER NON OTHER

OTHER ECONOMIC FLOWS- FLOWS- ECONOMIC OTHER

(7,557) (5,048) (6,362) 16,711 1,943 20,310 5,992 (2,486) 1,503 (5,422) (12,711) 751 2,078 24,816 24,816 COMPREHENSIVE RESULT COMPREHENSIVE

(7,604) (843) (8,074) – 77 (38) 61 (489) 55 (15) 194 (279) 83 (22)

INCLUDED IN NET RESULT NET IN INCLUDED

TOTAL OTHER ECONOMIC FLOWS FLOWS ECONOMIC OTHER TOTAL

(61) 10 (7) – (14) 3 (7) 1 (6) 1 (21) 4 (6) 1 flows economic other

Other gains/(losses) from from gains/(losses) Other

– (24) – – – (3) – (3) – (1) – (10) – (7) liabilities

assets and financial financial and assets

Net gain/(loss) on financial financial on gain/(loss) Net

financial assets financial (7,543) (829) (8,067) – 91 (38) 68 (487) 61 (15) 215 (273) 89 (16)

Net gain/(loss) on non- on gain/(loss) Net

INCLUDED IN NET RESULT NET IN INCLUDED

OTHER ECONOMIC FLOWS FLOWS ECONOMIC OTHER

32,420 (6,714) 3,026 (6,362) 16,634 1,981 20,249 6,481 (2,541) 1,518 (5,616) (12,432) 668 2,100

OPERATING BALANCE OPERATING

TRANSACTIONS (NET (NET TRANSACTIONS

NET RESULT FROM FROM RESULT NET

$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010

INVESTMENT AND TRADE AND INVESTMENT INDUSTRY AND INNOVATION AND INDUSTRY MARKETING VICTORIA MARKETING REGIONAL DEVELOPMENT REGIONAL SKILLS AND WORKFORCE AND SKILLS MAJOR PROJECTS MAJOR DEPARTMENTAL TOTAL DEPARTMENTAL Schedule A - controlled income an expenses for the year ended 30 June 2011 (continued) 2011 June 30 ended year the for expenses an income controlled - A Schedule DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 48

Schedule B - controlled assets and liabilities as at 30 June 2011

INVESTMENT AND TRADEINDUSTRY AND INNOVATIONMARKETING VICTORIA REGIONAL DEVELOPMENT SKILLS AND WORKFORCE MAJOR PROJECTS DEPARTMENTAL TOTAL

2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

ASSETS

Financial assets 11,852 23,988 78,214 139,303 8,549 22,190 – 174,471 34,023 70,370 40,149 34,726 172,787 465,048

Non-financial assets 13,028 13,846 54,681 51,273 6,438 5,656 – 4,320 4,084 36,867 307,560 228,185 385,791 340,147

TOTAL ASSETS 24,880 37,834 132,895 190,576 14,987 27,846 – 178,791 38,107 107,237 347,709 262,911 558,578 805,195

TOTAL LIABILITIES (4,231) (8,389) (31,359) (52,096) (4,169) (19,489) – (17,355) (10,261) (32,736) (19,007) (22,017) (69,027) (152,082)

NET ASSETS 20,649 29,445 101,536 138,480 10,818 8,357 – 161,436 27,846 74,501 328,702 240,894 489,551 653,113

Comparatives have been adjusted in line with an adjustment of assets between outputs. DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT

PAGE 49

(4,840) 11,516 (5,035) (10,933) (4,732) 7 (1) 4 2,687 22,413 2,242 22 (1) 3

(NET OPERATING BALANCE) OPERATING (NET

RESULT FROM TRANSACTION TRANSACTION FROM RESULT

TOTAL ADMINISTERED NET NET ADMINISTERED TOTAL

(84,473) (65,433) (5,035) (12,933) (4,730) (14) – – (73,764) (51,043) (944) (1,443) – –

TRANSACTIONS

EXPENSES FROM FROM EXPENSES

TOTAL ADMINISTERED ADMINISTERED TOTAL

(16,954) (17,017) – – – – – – (16,924) (17,017) (30) – – – expenses Other

(40,024) (40,274) – – – – – – (40,024) (40,274) – – – – expense Interest

(58) – – – – – – – – (58) – – – debts Doubtful

(27,437) (8,142) (5,035) (12,933) (4,730) (14) – – (16,816) 6,248 (856) (1,443) – – Fund Consolidated

Payments into the the into Payments

FROM TRANSACTIONS FROM

ADMINISTERED EXPENSES EXPENSES ADMINISTERED

2,000 2,000 (2) 21 (1) 4 76,451 73,456 3,186 1,465 (1) 3 79,633 79,633 76,949 –

FROM TRANSACTIONS FROM

TOTAL ADMINISTERED INCOME INCOME ADMINISTERED TOTAL

5,910 5,910 – – – – – – – 5,910 – – – – – grants Other

– – – – – – – – – – – – – – grants Commonwealth

15,788 15,788 17,771 – 2,000 – – – – 14,821 15,771 967 – – – Income Interest

3,935 3,935 3,543 – – (2) 21 (1) 4 1,720 2,050 2,219 1,465 (1) 3 fees) (includes

Sale of goods and services services and goods of Sale

made on behalf of the State the of behalf on made 54,000 54,000 55,635 – – – – – – 54,000 55,635 – – – –

i

Appropriations – payments payments – Appropriations

TRANSACTIONS

ADMINISTERED INCOME FROM FROM INCOME ADMINISTERED

$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011

INVESTMENT AND TRADE AND INVESTMENT INDUSTRY AND INNOVATION AND INDUSTRY MARKETING VICTORIA MARKETING REGIONAL DEVELOPMENT REGIONAL SKILLS AND WORKFORCE AND SKILLS MAJOR PROJECTS MAJOR DEPARTMENTAL TOTAL DEPARTMENTAL

liabilities include government expenses incurred but yet to be paid. Refer Note 21 and 22 for administered commitments and contingent assets and liabilities. and assets contingent and commitments administered for 22 and 21 Note Refer paid. be to yet but incurred expenses government include liabilities

fines, and the proceeds from the sale of administered surplus land and buildings. Administered assets include Government incomes earned but yet to be collected. Administered Administered collected. be to yet but earned incomes Government include assets Administered buildings. and land surplus administered of sale the from proceeds the and fines,

income, expenses, assets and liabilities, and are determined on an accrual basis. Administered income includes appropriations (payments made on behalf of the State), fees and and fees State), the of behalf on made (payments appropriations includes income Administered basis. accrual an on determined are and liabilities, and assets expenses, income,

activities and resources on behalf of the State. The transactions relating to these State activities are reported as administered in this note. Administered transactions give rise to to rise give transactions Administered note. this in administered as reported are activities State these to relating transactions The State. the of behalf on resources and activities

In addition to the specific Departmental operations which are included in the balance sheet, operating statement and cash flow statement, the Department administers or manages manages or administers Department the statement, flow cash and statement operating sheet, balance the in included are which operations Departmental specific the to addition In NOTE 3. ADMINISTERED (NOT-CONTROLLED) ITEMS (NOT-CONTROLLED) ADMINISTERED 3. NOTE DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 50

NOTE 3. ADMINISTERED (NOT-CONTROLLED) ITEMS (CONTINUED)

INVESTMENT AND TRADEINDUSTRY AND INNOVATIONMARKETING VICTORIA REGIONAL DEVELOPMENT SKILLS AND WORKFORCE MAJOR PROJECTS DEPARTMENTAL TOTAL

2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

ADMINISTERED OTHER ECONOMIC FLOWS INCLUDED IN THE ADMINISTERED NET RESULT

Net gain/(loss) on non- – – – – 3,500 – – – – (4,012) 10,933 5,035 14,433 1,023 financial assets

Share of net profits/(losses) – – – – – – – – – – – – – – of associates and joint venture entities, excluding dividends

Net gain/(loss) on financial – – – – – – – – – – – – – – assets and financial liabilities.

Other gains/(losses) from – – – (55) – (100,625) – – – – – – – (100,680) other economic flows

Other – – – – – – – – – – – – –

TOTAL ADMINISTERED OTHER – – – (55) 3,500 (100,625) – – – (4,012) 10,933 5,035 14,433 (99,657) ECONOMIC FLOWS

ADMINISTERED NET RESULT 3 (1) 22 2,187 25,913 (97,938) 4 (1) 7 (8,744) – – 25,949 (104,497) i In May 2006 , the State entered into a project agreement under its Partnership Victoria policy to build the Melbourne Convention Centre and provide facilities management services including the integration of the Exhibition Centre into the project. At commercial acceptance on 31 March 2009, the Department commenced quarterly payments on behalf of the State for the use of the facility and associated maintenance requirements of the Convention Centre and the existing Exhibition Centre for the 25-year term of the project agreement. Accordingly, the appropriation income shown above is for the Department to make the principal, interest and facilities management services payments for the Convention Centre as well as the facilities management services of the Exhibition Centre. More details on the contractual commitments are included in Note 21. DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT

PAGE 51

1,492,265 1,492,265 1,537,236 (1) (1) (34) (27) (17) (13) 1,239,364 1,322,499 252,967 214,789 (14) (11)

FINANCIAL ASSETS FINANCIAL

TOTAL ADMINISTERED ADMINISTERED TOTAL

(132) (104) (1) (1) (34) (27) (17) (13) (14) (11) (52) (41) (14) (11) funds Trust

1,187,489 1,187,489 1,223,137 – – – – – – 983,934 1,022,100 203,555 201,037 – – Investments

292,852 292,852 272,771 – – – – – – 246,096 261,413 46,756 11,358 – – Loans

12,056 41,432 – – – – – – 9,348 38,997 2,708 2,435 – – Receivables

ASSETS

ADMINISTERED FINANCIAL FINANCIAL ADMINISTERED

(5) 4 (97,938) 25,913 2,187 22 (1) 3 (104,497) 25,949 – – (8,744) 7

COMPREHENSIVE RESULT COMPREHENSIVE

TOTAL ADMINISTERED ADMINISTERED TOTAL

EQUITY

NON–OWNER CHANGES IN IN CHANGES NON–OWNER

ECONOMIC FLOWS – OTHER OTHER – FLOWS ECONOMIC

– – – – – – – – – – – – – – TOTAL ADMINISTERED OTHER OTHER ADMINISTERED TOTAL

– – – – – – – – – – – – – – Other

assets/(liabilities)

carrying amount of new new of amount carrying

at proportional share of of share proportional at

sector entities measured measured entities sector

investments in other other in investments

– – – – – – – – – – – – – – equity on gain Net

revaluation reserve revaluation

Changes in physical asset asset physical in Changes – – – – – – – – – – – – – –

changes in accounting policy accounting in changes

surplus/(deficit) due to to due surplus/(deficit)

Adjustment to accumulated accumulated to Adjustment – – – – – – – – – – – – – –

OWNER CHANGES IN EQUITY IN CHANGES OWNER

ECONOMIC FLOWS – OTHER NON- OTHER – FLOWS ECONOMIC

ADMINISTERED OTHER OTHER ADMINISTERED

$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010

INVESTMENT AND TRADE AND INVESTMENT INDUSTRY AND INNOVATION AND INDUSTRY MARKETING VICTORIA MARKETING REGIONAL DEVELOPMENT REGIONAL SKILLS AND WORKFORCE AND SKILLS MAJOR PROJECTS MAJOR DEPARTMENTAL TOTAL DEPARTMENTAL DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 52

NOTE 3. ADMINISTERED (NOT-CONTROLLED) ITEMS (CONTINUED)

INVESTMENT AND TRADEINDUSTRY AND INNOVATIONMARKETING VICTORIA REGIONAL DEVELOPMENT SKILLS AND WORKFORCE MAJOR PROJECTS DEPARTMENTAL TOTAL

2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

ADMINISTERED NON-FINANCIAL ASSETS

Asset held for sale – – – – – 17,435 – – – – – – – 17,435

Prepayments – – – – – – – – – – – – – –

TOTAL ADMINISTERED NON- FINANCIAL ASSETS – – – – – 17,435 – – – – – – – 17,435

TOTAL ADMINISTERED ASSETS (11) (14) 214,789 252,967 1,322,499 1,256,799 (13) (17) (27) (34) (1) (1) 1,537,236 1,509,700

ADMINISTERED LIABILITIES

Creditors and accruals – – (10) (2) (16,324) (14,556) – – – – – – (16,334) (14,558)

Unearned income i – – – – (76,164) (78,163) – – – – – – (76,164) (78,163)

Interest bearing liabilities ii – – – (462,416) (460,606) – – – – – – (462,416) (460,606)

TOTAL ADMINISTERED LIABILITIES – – (10) (2) (554,904) (553,325) – – – – – – (554,914) (553,327)

TOTAL ADMINISTERED NET ASSETS (11) (14) 214,779 252,965 767,595 703,474 (13) (17) (27) (34) (1) (1) 982,322 956,373 i Balance represents contribution received from the developer in relation to the Melbourne Convention Centre Commercial Development project. The associated revenue will be recognised progressively over the period of the contract. ii Relates to the finance lease for the new Melbourne Convention Centre. DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 53

– 78 137 540 8,111 2010 2010 2,579 9,326 6,644 9,463 $’000 $’000 (1,842) 10,353 10,000 14,533 22,071 13,010 (2,934) 32,071 29,828 (4,776) (87,859) (87,859)

– – – – – – 437 2011 2011 7,758 7,758 5,864 8,484 $’000 $’000 (3,157) (1,091) 75,737 10,000 10,000 56,543 71,328 85,737 (4,248) (84,917) (84,917)

Interest on bank deposits loans from Interest > > Buildings at fair value Land at fair value Amortisation of non-current physical and intangible assets DEPRECIATION AND AMORTISATION DEPRECIATION EMPLOYEE EXPENSES FAIR VALUE OF ASSETS AND SERVICES RECEIVED FREE OF CHARGE OR FOR NOMINAL OF ASSETS AND VALUE FAIR CONSIDERATION GRANTS AND OTHER INCOME TRANSFERS OTHER INCOME INTEREST TOTAL DEPRECIATION AND AMORTISATION DEPRECIATION TOTAL Salaries, wages, and other benefits EMPLOYEE EXPENSES TOTAL non-current of assets Depreciation TOTAL FAIR VALUE OF ASSETS AND SERVICES RECEIVED FREE OF CHARGE OR FOR NOMINAL OF ASSETS AND SERVICES RECEIVED FREE VALUE FAIR TOTAL CONSIDERATION TOTAL OTHER INCOME TOTAL Assets Plant and equipment Grants from General Government revenue Trust revenueRental Grants from Commonwealth from Grants TRANSFERS GRANTS AND OTHER INCOME TOTAL > > INTEREST TOTAL Interest from financial assets not at fair value through P/L: Other miscellaneous interest income Land development (Kew residential redevelopment)Land (Kew development residential Miscellaneous revenue Miscellaneous (B) NOTE 5. TRANSACTIONS FROM EXPENSES (A) (D) (B) (C) (A) NOTE 4.NOTE TRANSACTIONS FROM INCOME DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 54 (CONTINUED) EXPENSES FROM TRANSACTIONS 5. NOTE (E) (D) (C) Living Regions Living Suburbs Film Victoria Fund Growth Victorian Provincial Life Sciences Meeting expenses Victoria Connecting Programs Event Major Programs Other Trust Grants packages Assistance Bushfire and Drought Educational expenses requisites office and Stationery expenses related and Travel Computer services and equipment Marketing and media expenses Tourism Victoria Postage and communications and Postage expenses Accommodation Contract and service payments Consultants and professional services Supplies and services TOTAL GRANTSPAYMENTS ANDOTHEREXPENSETRANSFERS Synchrotron Program Innovation and Knowledge Science, for Endowment Victorian Jobwatch Fund Development Infrastructure Regional Programs Industry Programs Innovation and Technology Science, Programs Participation Workforce and Skills TOTAL INTERESTEXPENSE Geelong Future Cities Master Plan Master Cities Future Geelong Interest on finance leases OTHER OPERATING EXPENSES GRANTS ANDOTHEREXPENSETRANSFERS INTEREST EXPENSE

(1,009,165) (649,860) (23,945) (26,788) (49,507) (69,091) (16,348) (18,056) (81,307) (57,799) (67,018) (10,104) (2,898) (2,672) (2,081) (1,939) (7,083) (9,817) (1,882) (1,709) (5,172) (1,524) $’000 (106) (608) (983) (976) 2011 (871) (106) – – –

(1,649,571) (1,197,345) (132,997) (82,636) (20,000) (60,962) (23,429) (50,777) (20,324) (71,640) (10,940) (26,701) (10,784) (2,380) (2,000) (9,985) (3,636) (5,738) (5,775) (4,758) (1,820) (5,812) (2,190) (3,124) (1,149) $’000 (121) (608) 2010 (246) (521) (871) (121)

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 55

– – – – (61) 530 (52) (61) (617) 2010 2010 (882) (806) (136) 1,307 $’000 $’000 (9,380) (7,543) (11,445) (16,208) (11,445) (111,934) (139,723)

– – – 10 10 (24) (87) (99) (24) (742) 2011 2011 (457) (758) (112) (868) (829) $’000 $’000 (63,149) (10,949) (10,949) (177,265) (103,055) i iv

(a) (b) iii ii

Loans receivables and > Operating lease rentalOperating expenses lease – Minimum lease payments Writedown of inventory Net gain/(loss) on disposal of other investments Other expenses OTHER GAINS/(LOSSES) FROM OTHER ECONOMIC FLOWS NET GAIN/(LOSS) ON FINANCIAL INSTRUMENTS NET GAIN/(LOSS) ON NON-FINANCIAL ASSETS TOTAL OTHER GAINS/(LOSSES) FROM OTHER ECONOMIC FLOWS TOTAL TOTAL NET GAIN/(LOSS) ON FINANCIAL INSTRUMENTS TOTAL Net gain/(loss) arising from revaluation of long service leave liability TOTAL NET GAIN/(LOSS) ON NON-FINANCIAL ASSETS AND LIABILITIES TOTAL Impairment of > Net gain/(loss) on disposal of property plant and equipment TOTAL OTHER OPERATING EXPENSES OTHER OPERATING TOTAL TOTAL OPERATING LEASE RENTAL EXPENSES LEASE RENTAL OPERATING TOTAL TOTAL SUPPLIES AND SERVICES TOTAL OF ASSETS AND SERVICES PROVIDED FREE OF CHARGE VALUE FAIR TOTAL OR FOR NOMINAL CONSIDERATION Books and publications Cost of goods sold/distributed Other Impairment of Property Plant & Equipment (including intangible assets) Motor vehicle expenses Motor vehicle Audit costs (internal & external) Writedown of land inventory to net realisable value in 2010. Increase/(decrease) in provision for doubtful debts. Revaluation gain/(loss) due to changes in bond rates. T S C

iii iv i ii he expense 2011 is for the impairment of work in progress costs. (C) (B) NOTE 6. FLOWS ECONOMIC OTHER IN NETINCLUDED RESULT (a) ee Note(b) 33 for breakdown of the external auditor’s remuneration. osts of $63.149 million (2010: $16.208 million) relate primarily to Kew residential redevelopment. NOTE 5. EXPENSES FROM TRANSACTIONS FROM EXPENSES (CONTINUED) (A) Notes: DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 56 Motor vehicle leases Provisions Liabilities Other financial assets equipment and plant Property, sale for held Land Cash/SAU Assets Motor vehicle leases Provisions Payables Liabilities equipment and plant Property, Receivables Cash/SAU Assets NET ASSETSTRANSFERRED ARRANGEMENTS ADMINISTRATIVE OF RESTRUCTURING 7. NOTE OUTPUT: SKILLSANDWORKFORCE at thedateoftransfer toDEECD: following assetsandliabilitieswere recognised In respectoftheactivitiesrelinquished, NET ASSETSTRANSFERRED OUTPUT: REGIONALDEVELOPMENT Skills outputhasbeentransferred tothe moved totheInvestment and Trade output. and theremainingcomponentshave been Development and Community (DPCD), transferred totheDepartmentofPlanning of theRegional Development outputhave been of 1July to31December2010. Components forresponsibility theoutputs,beingperiod the Departmentreflectactual periodof 8 December2010, of financialstatements adminstrative changes announcedon In respectofmachinery-of-government

In respectofthe immediately priortothetransfer. assets inthetransferors' balancesheet immediately, amountofthose atthecarrying outputs arerecognisedinthebalancesheet as aresultofthere-assignmentthese Net assetsrelinquishedby the Department for theprioryear have notbeenadjusted. and IndustrialRelations. Comparative amounts restructured andwillberenamedEmployment (DTF). Also, the Workforce outputhasbeen the Departmentof Treasury andFinance Workforce outputhave beentransferred to Development (DEECD).Componentsofthe Department ofEducationandEarlyChildhood at thedateoftransfer toDPCD: following assetsandliabilitieswere recognised , the activities relinquished,the 219,105 219,105 216,113 29,373 (4,542) 21,952 (1,927) $’000 $’000 4,453 4,453 8,307 4,076 4,076 1,226 1,226 (729) (420) 2011 2011 (31) –

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 57

– (30) 217 2010 1,710 7,452 1,710 (217) 2011 $’000 $’000 19,484 19,454 105,217 132,123 112,669 112,669 133,833 133,833 (248,478)

41 (30) 2011 1,755 $’000 1,755 70,847 70,847 23,381 23,351 70,888 95,994 94,239

, the

i ii ii i

Please refer to 23.4 Table in Note 23 for the ageing analysis of contractual receivables. and are drawn from the Consolidated Fund as the commitments fall due. activities and the credit terms will differ. No interest is charged on other receivables. Please refer to Note 23 for the nature and extent of risks arising from contractual receivables. T A N T

GST input tax credit receivable Statutory Amounts owing from Victorian Government ii he amounts recognised from Victorian Government represent funding for commitments all incurred through the appropriations (a) geing analysis of contractual receivables (b) ature and extent of risk arising from receivables TOTAL NON-CURRENT RECEIVABLES TOTAL RECEIVABLES TOTAL i he average credit period for the provision of goods and services is 30 days. The majority of receivables relate to non-trading TOTAL CURRENT RECEIVABLES TOTAL NON-CURRENT RECEIVABLES Statutory Amounts owing from Victorian Government CURRENT RECEIVABLES Contractual receivables Other NET CAPITAL CONTRIBUTION TO THE CROWN CONTRIBUTION NET CAPITAL NOTE 8. RECEIVABLES NET ASSETS TRANSFERRED following assets and liabilities recognised were DTF:at the transfer date of to SKILLS AND WORKFORCE OUTPUT: Assets Cash/SAU Liabilities Provisions activities relinquished In respect the activities of Provision for doubtful contractual receivables DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 58 INVENTORIES 9. NOTE CURRENT ASSETS OTHER NON-FINANCIAL 10. NOTE held is project the for land The project. site redevelopment residential Kew the managing for responsible is Victoria Projects ajor i TOTAL INVENTORIES progress: in Work CURRENT INVENTORIES - At net realisable value realisable net - At TOTAL CURRENTOTHERASSETS Prepayments

M as inventory until it is sold. is it until inventory as

i NOTES 1(p) 42,305 42,305 42,305 $’000 $’000 1,156 1,156 1,156 1,156 2011 2011 –

48,383 48,383 48,383 48,383 $’000 $’000 6,736 6,736 6,736 6,736 2010 2010 –

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 59 715 (127) 2010 4,121 (649) TOTAL 4,248 2,881 2,881 2,232 2,962 2,947 2,947 $’000 16,710 28,179 17,803 17,803 32,518 32,518 19,690 (1,093) (2,247) (8,489) 108,027 108,027 184,013 148,548 148,548 583 944 (451) (168) 2011 (608) 1,395 1,395 4,248 4,831 4,831 4,080 4,080 4,223 2,836 1,527 $’000 17,385 27,420 (2,253) 107,018 107,018 115,267 115,267 115,267 115,267 (10,035) 132,706 249,500 249,500

715 (127) 2010 4,121 (649) 4,248 2,881 2,881 2,232 2,962 2,947 2,947 $’000 PUBLIC 28,151 16,710 17,803 17,803 32,518 32,518 (1,093) 19,680 19,680 (2,247) (8,471) 108,027 108,027 184,003 184,003 148,538 ADMINISTRATION 583 944 (451) (168) 2011 (608) 1,395 1,395 4,248 4,831 4,831 4,080 4,080 4,223 2,836 1,527 $’000 17,378 27,392 (2,253) 107,018 107,018 (10,014) 115,267 115,267 115,267 115,267 132,699 132,699 249,493 249,493 – – – – – – – – – – – – – – – – – 10 10 10 28 (18) 2010 $’000 ENVIRONMENT 7 7 7 PUBLIC SAFETY AND – – – – – – – – – – – – – – – – – 28 (21)

i 2011 $’000

ii TOTAL PROPERTY, PLANT AND PROPERTY, TOTAL EQUIPMENT TOTAL PLANT AND EQUIPMENT TOTAL Less: Accumulated Less: Accumulated amortisation At fair value depreciation Less: Accumulated Plant and equipment under finance lease – at fair value at fair value LAND AND BUILDINGS TOTAL PLANT AND EQUIPMENT LAND AND BUILDINGS improvementsLeasehold – BUILDING LEASEHOLD - AT FAIR FAIR BUILDING LEASEHOLD - AT VALUE Building leasehold – at fair value BUILDINGS Buildings at fair value Less: amortisation Accumulated LAND Crown land – fair value Classification by 'Purpose Group' NOTE 11. PLANTPROPERTY, AND EQUIPMENT Less: Accumulated depreciation Less: Accumulated Less: Accumulated Less: Accumulated amortisation Property, plant and equipment in the course of construction – at fair value DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 60 Transfers classes between Received/given free of charge of free Received/given Impairment loss Impairment expense Depreciation/amortisation Revaluation of PPE for sale for held as classified to Transfers administrative restructures administrative through Acquisitions Disposals Classification by 'Purpose Group' (continued) Group' 'Purpose by Classification in carrying amounts in carrying –Movements Group Purpose Environment' and Safety 'Public by Classification OPENING BALANCE CLOSING BALANCE Additions depreciation Less: Accumulated At fair value fair At INFRASTRUCTURE TOTAL INFRASTRUCTURE uilding Leasehold is for a term of 150 years from the year 1990. year the from years 150 of aterm for is Leasehold uilding ii six of one to according used, are assets the which for 'purpose' the by primarily classified are equipment and plant roperty, i NET CARRYINGAMOUNTOFPPE

B P as a separate class of asset for financial reporting purposes. reporting financial for asset of classified class being aseparate as sub-category each with etc), equipment, and plant buildings, (i.e. 'nature' asset’s the to sub- according further are Group' categorised 'Purpose a within assets All (GPC). Classifications Purpose Government upon based Groups' 'Purpose $’000 $’000 2011 2011 BUILDINGS LEASEHOLD BUILDINGS LEASEHOLD (3) 10 10 – – – – – – – – – – – PUBLIC SAFETY AND PUBLIC SAFETYAND 7 7 IMPROVEMENTS ENVIRONMENT $’000 $’000

2010 2010 (3) 13 13 10 10 10 10 – – – – – – – – – – – 279,527 30,034 30,034 31,425 31,425 (1,391) $’000 $’000 2011 2011 – – – – – – – – – – – ADMINISTRATION EQUIPMENT PLANT AND PLANT AND 214,386 214,386 30,383 (1,042) 31,425 31,425 PUBLIC PUBLIC $’000 $’000 2010 2010 – – – – – – – – – – –

279,534 30,034 30,034 31,425 31,425 (1,391) $’000 $’000 2011 2011 (3) 10 10 – – – – – – – – 7 214,396 214,396 30,383 (1,042) 31,425 31,425 $’000 $’000 TOTAL TOTAL 2010 2010 (3) 13 13 10 10 – – – – – – – – DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORTS

PAGE 61

214,386 214,386 279,527 32,518 115,267 2,231 943 30,382 30,034 715 583 4,122 4,080 19,681 17,379 16,710 4,223 108,027 107,018 CLOSING BALANCE CLOSING

– – – – – – – – – – – – – – – – – – classes between Transfers

charge

12,932 12,932 – – – – – – – – – – – – – 10,353 – 2,579 – of free Received/given

(26,143) – – – – – – – – – – – – – (943) – (25,200) – Administered to Transfer

expense

(4,774) (4,245) – – (615) (599) (349) (348) (831) (349) (42) (42) (2,394) (2,634) (543) (273) – – Depreciation/amortisation

– – – – – – – – – – – – – – – – – – decrements revaluation Net

– 8,315 – – – – – – – – – – – – – – – 8,315 increments revaluation Net

– – – – – – – – – – – – – – – – – – Inventory to Transfers

held for sale for held

(97) (33) – – (97) (33) – – – – – – – – – – – – as classified to Transfers

administrative restructures administrative

9,661 9,661 – – – – – – – – – – – – – 943 – 8,718 – through Acquisitions

Impairment of assets of Impairment – (742) – (742) – – – – – – – – – – – – – –

– MOG transfers out transfers MOG (23,180) – – – (1,136) – – – (12) – – – (494) – (12,214) – (9,324)

Disposals (1,369) (671) – – (896) (506) – – (473) (5) – – – (160) – – – –

Additions 29,672 29,672 85,696 25,773 83,491 1,878 985 – – 550 234 – 1,471 986 – – – –

194,504 194,504 214,387 6,745 32,518 1,961 2,232 30,731 30,382 1,469 715 4,164 4,122 20,604 19,681 6,900 16,710 121,930 108,027 OPENING BALANCE OPENING

$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011

AT FAIR VALUE FAIR AT FAIR VALUE FAIR IMPROVEMENTS LEASEHOLD EQUIPMENT AND EQUIPMENT AND INFRASTRUCTURE CONSTRUCTION CONSTRUCTION TOTAL

CROWN LAND LAND CROWN BUILDINGS AT AT BUILDINGS LEASEHOLD LEASEHOLD BUILDINGS BUILDINGS PLANT AND AND PLANT IN COURSE OF OF COURSE IN PLANT LEASED Classification by 'Public Admin' Purpose Group – Movements in carrying amounts carrying in Movements – Group Purpose Admin' 'Public by Classification DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 62 Leased plant and equipment and plant Leased equipment and Plant Leasehold improvements amortisation: and of depreciation calculation inthe used are of usefullives assets following The Buildings leasehold Buildings Buildings the year: during expense an as recognised allocated, amortisation and depreciation Aggregate equipment and plant Leased equipment and Plant Leasehold improvements leasehold Buildings Refer toNote1(p). effective dateofthevaluations was June 2009. was basedonindependentassessments. The and locationtotheDepartment. The valuation arms-length termsfor landofcomparablesize reference torecentmarket transaction’s on transaction. Fair value isdeterminedby direct knowledgeable willingpartiesinanarms-length for which assetscouldbeexchanged between were determinedby reference totheamounts conform to Australian Valuation and Standards, to determinetheirfair value. The valuations land were performed by the Valuer General Independent valuations oftheDepartment’s FREEHOLD LAND disposed ofwithoutformal Ministerialapproval. assetscannotbemodifiednor heritage assets. properties listedasheritage These The Departmentholds$0.663millionof RESTRICTED ASSETS

3 to 103 to 8 to 158 to 4,248 4,248 2,634 2,634 YEARS 1 to 3 1 to $’000 599 599 697 697 273 273 2011 2011 150 45 45 3 to 103 to 8 to 158 to 4,776 4,776 YEARS 2,397 2,397 1 to 3 1 to 1,180 1,180 $’000 543 543 2010 2010 150 614 614 42 42 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 63 97 97 25 97 2010 2010 2010 $’000 $’000 8,404 8,307 35,000 35,000 35,000 35,000 i 33 – 33 33 22 33 2011 2011 2011 $’000 $’000 35,000 35,000 35,000 35,000 OWNERSHIP INTEREST % and develop existing research collaboration research existing and develop projects, and on both domestic and overseas both undergraduate a major site for provide and post-graduate training programs.

i PRINCIPAL ACTIVITY PRINCIPAL To constructTo and operate a regenerative medical research facility ii

over the 5-year construction phase of the project, after which the interest of the Department will bethe fixed duration at around of the 20% agreement. for The fair value of the ownership interest held by the Department is equal to the value of cashinvested in the Joint Venture which amounts to $35 million at 30 June ($35 2011 million at 30 June 2010). U T T

Land designated held for sale JOINTLY CONTROLLED ENTITIES JOINTLY i nder the terms of the Joint Venture arrangement, the ownership interests of the respective joint venture partners may vary NAME OF ENTITY NOTE 13. 13. NOTE INVESTMENTS FOR ACCOUNTED THE EQUITYUSING METHOD interest Department has a joint venture The Australian with Monash University in the ARMI (ARMI). Medical Institute Regenerative and operate a establishedwas to construct as a globalVictoria will promote facility which foster medical research, leader in regenerative TOTAL LIABILITIES ASSOCIATED WITH ASSETS LIABILITIES ASSOCIATED TOTAL CLASSIFIED AS HELD FOR SALE i he Departmentii holds anumber of leased motor vehicles which it intends to sell in the next months. 12 he Department holds land intended for sale. TOTAL NON-FINANCIAL PHYSICAL ASSETS CLASSIFIED AS HELD FOR SALE INCLUDING NON-FINANCIAL PHYSICAL TOTAL DISPOSAL GROUP ASSETS CLASSIFIED AS HELD FOR SALE FOR WITH ASSETS CLASSIFIED AS HELD ASSOCIATED LIABILITIES DIRECTLY SALE INCLUDING DISPOSAL GROUPS Finance lease liabilities Leased Plant and Equipment held for sale NOTE12. NON-FINANCIAL PHYSICAL HELD AS CLASSIFIED ASSETS DISPOSAL SALEFOR INCLUDING GROUP AND DIRECTLY LIABILITIES ASSOCIATED NON-CURRENT INVESTMENTS IN JOINTLY CONTROLLED ENTITIES NON-CURRENT INVESTMENTS IN JOINTLY NON-FINANCIAL PHYSICAL ASSETS CLASSIFIED AS HELD FOR SALE INCLUDING DISPOSALNON-FINANCIAL PHYSICAL ASSETS FOR SALE GROUP ASSETS CLASSIFIED AS HELD Australian Regenerative Regenerative Australian Medicine Institute (ARMI) DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 64 Impairment losses charged to net result sale for held as classified or Disposals OPENING BALANCE GROSS CARRYINGAMOUNT controlled entitiesareasfollows: assets andthenetresultafter ofitsjointly tax At balancedate,theDepartment’s shareofnet entities controlled jointly of information financial Summarised INTANGIBLE ASSETS INTANGIBLE NOTE 14. from itsjointlycontrolledentities. the 2011 year, orintheprior2010 financial year, The Departmentreceived nodividendsduring CONTROLLED ENTITY DIVIDENDS RECEIVEDFROMJOINTLY CLOSING BALANCE Gardens by MajorProjects Victoria. The value is million) relatingtothedevelopment ofParkville expenditure of$27.763 million (2010: $27.228 The assetrefers intangible to deferred SIGNIFICANT INTANGIBLE ASSETS SHARE OFJOINTLY CONTROLLEDENTITY’SRESULT AFTER TAX SHARE OFJOINTLY CONTROLLEDENTITY’SNETASSETS Acquisitions through administrative restructures administrative through Acquisitions Transfers received free of charge of free received Transfers Additions Current liabilities Current Total income TOTAL LIABILITIES NET ASSETS TOTAL ASSETS assets Non–current Current assets Non–current liabilities Non–current Net result

and 21respectively. controlled entitiesaredisclosedinNotes22 expenditure commitmentsofitsjointly commitmentsandother liabilities, capital The Department’s shareofthecontingent COMMITMENTS CONTINGENT LIABILITIESANDCAPITAL down) was charged tothenetresult. impairment, andnowrite-down (2010: nowrite- properties. The assetwas intangible testedfor progressively expensed inline withthesaleof 142,370 142,370 142,088 142,088 142,370 142,370 35,000 27,228 27,228 27,763 27,763 $’000 $’000 535 535 282 282 2011 2011 – – – – – – – – – – 141,760 141,760 136,488 136,488 141,760 141,760 35,000 27,228 27,228 27,550 27,550 5,272 5,272 (815) $’000 $’000 493 493 2010 2010 – – – – – – – – – DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 65 2010 2010 $’000 349 349 $’000 1,139 1,239 1,139 1,239 2,378 20,788 82,062 103,199 102,850 2011 2011 373 609 373 982 609 $’000 $’000 9,129 1,867 1,867 1,867 25,553 34,682 36,549

i

(Note 20) (Note 20) i i

ii Please refer to 23.3 Table in Note 23 for the nature and extent of risks arising from borrowings. Please refer to Note 23 for the nature and extent of risks arising from contractual payables. Please refer to 23.5 Table in Note 23 for the ageing analysis of contractual payables. Please refer to 23.4 Table in Note 23 for the ageing analysis of borrowings. agencies. N D S M T M N T During the current and prior year, there were no defaults and breaches of any of the loans.

Other payables (b) ature and extent of risk arising from borrowings (c) efaults and breaches Finance lease liabilities BORROWINGS TOTAL i ecured(a) by the assets leased. aturity analysis of interest borrowings Finance lease liabilities NON -CURRENT BORROWINGS NOTE 16. BORROWINGS ii he average(a) credit period is 30 days. No interest is charged on late payments. aturity analysis of contractual payables (b) ature and extent of risk arising from contractual payables Other payables CURRENT PAYABLES TOTAL i erms and conditions of amounts payable to other government agencies vary according to specific agreements with those STATUTORY Contractual Amounts payable to other government agencies NOTE 15. PAYABLES CURRENT BORROWINGS CURRENT PAYABLES DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 66 Non-current employee benefits employee Non-current Provisions related to employee benefit on-costs benefit employee to related Provisions CURRENT PROVISIONS (A) EMPLOYEEBENEFITSANDRELATED ON-COSTS Provision for restoration of leased premises premises leased of restoration for Provision on-costs benefit employee to related Provisions Non-current on-costs Non-current Current on-costs PROVISIONS PROVISIONS 17. NOTE TOTAL PROVISIONS TOTAL NON-CURRENTPROVISIONS (17a)) (Note benefits Employee NON-CURRENT PROVISIONS TOTAL CURRENTPROVISIONS (17a)) (Note benefits Employee Current employee benefits employee Current his is the estimated future make good costs of various leased premises. leased various of costs good make future estimated the is his not employees, by accrued leave service long and leave iv annual for amounts of consist benefits employee for rovisions value. present to discounted are disclosed amounts he iii amounts. nominal are disclosed amounts he ii i TOTAL EMPLOYEEBENEFITSANDRELATED ON-COSTS TOTAL ON-COSTS TOTAL EMPLOYEEBENEFITS

Other entitlements Other Conditional long leave entitlements service Unconditional and expected to be settled within 12 months 12 months within settled be to expected and Unconditional Unconditional and expected to be settled within 12 months within settled be to expected and Unconditional Unconditional and expected to be settled after 12 months after settled be to expected and Unconditional Unconditional long leave entitlements service Annual leave entitlements Unconditional and expected to be settled after 12 months 12 months after settled be to expected and Unconditional

T P T T including on-costs. including

iii iii iv ii ii i i 19,432 19,432 21,463 21,463 18,342 18,342 21,187 21,187 10,519 10,519 11,152 11,152 2,845 2,031 2,031 2,604 2,604 6,309 6,309 5,224 5,224 1,673 1,514 1,514 1,514 1,514 $’000 $’000 452 452 276 276 931 931 2011 2011 241 241 241 241 22,483 22,483 26,408 25,964 25,964 24,186 24,186 14,203 14,203 15,031 15,031 2,222 3,481 3,481 2,258 2,258 5,327 3,237 3,237 1,534 1,534 1,534 1,534 6,746 6,746 $’000 $’000 444 979 979 591 591 244 244 244 244 2010 2010 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 67

– – – – 2010 2010 $’000 $’000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 20,000 20,000 AT YEAR END AT – – – – 2011 $’000 CONTRIBUTION OUTSTANDING CONTRIBUTION OUTSTANDING – – 2011 $’000 10,000 10,000 10,000 10,000 10,000 10,000 2010 $’000 1,559 1,559 1,537 3,766 6,862 2011 $’000 1,556 1,348 3,882 6,786 Finance recognises and discloses the State’s discloses the State’s Finance recognises and for in its disclosure defined benefit liabilities administered items. superannuation contributions However, the reporting period are for paid or payable in benefits employee included as part of the operating statement of thethe comprehensive Department. name and details and amountsThe employee in relation to the major expensed and contributions madesuperannuation funds the Department are as follows: by i i PAID CONTRIBUTION FOR THE YEAR CONTRIBUTION PAID

in which conditions relating to the payment of the funds to third parties have been met. years ended 30 June. T T T

FUND

VicSuper Other Unrecognised trust revenue - Australian Synchrotron Company Ltd OTHER LIABILITIES TOTAL i rust revenue received for specific purposes is deferred and recognised progressively in the operating statement in the period Unrecognised trust revenue - Australian Synchrotron Company Ltd NON-CURRENT OTHER LIABILITY NOTE 19. LIABILITIES OTHER TOTAL (a) he bases(b) for contributions are determined by the various schemes. he above amounts were measured as at 30 June of each year, or in the case of employer contributions, they relate tothe State Superannuation Fund – revised and new DEFINED CONTRIBUTIONS PLANS: Employees of the Department are entitled Employees and the superannuation benefits, to receive to both definedDepartment contributes The contribution plans. benefit and defined benefits based provides defined benefit plan salary. of serviceaverage on years and final any Department does not recognise The defined benefit liability in respect of the plan because the entity has no legal or constructive benefits relating future obligation to pay its only obligation is to to its employees; superannuation contributions as they pay and Treasury Department of The due. fall NOTE 18. SUPERANNUATION DEFINED BENEFIT PLANS: CURRENT OTHER LIABILITY DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 68 Longer than 5years than Longer 5years than longer not and 1year than Longer NON-CANCELLABLE OPERATING LEASES FINANCE LEASES LEASES 20. NOTE Not longer than 1year than longer Not Finance leaseliabilities conclusion oftheleaseagreements. the vehicles for anominalamountatthe The Departmenthastheoption topurchase with leasetermsofbetween1and3years. Finance leasesrelatetomotorvehicles Leasing arrangements lease period. purchase ofthe the leasedassetattheexpiry The Departmentdoesnothave anoptionto the Departmentexercises itsoptiontorenew. marketcontain review clausesintheevent that 2 and15 years. All operatingleasecontracts accommodation withleasetermsofbetween Operating leasesmainlyrelateto Leasing arrangements residual. guaranteed any and LESSEE-OPERATING payments all lease LEASES of aggregate the includes payments lease future inimum i 16) (Note borrowings Non-current 16) (Note borrowings Current INCLUDED INTHEFINANCIALSTATEMENTS AS: MINIMUM FUTURELEASEPAYMENTS Not longer than 1year than longer Not FINANCE LEASELIABILITIESPAYABLE Present value of minimum lease payments lease minimum of value Present charges finance future Less Longer than 1 year and not longer than 5years than longer not and 1year than Longer Longer than 5years than Longer

M

i MINIMUM FUTURELEASEPAYMENTS 1,043 1,043 $’000 982 982 656 656 387 387 (61) 2011 – 2,378 2,378 2,558 2,558 1,298 1,298 1,260 1,260 (180) $’000 2010 – 114,518 114,518 59,928 59,928 42,974 42,974 11,616 11,616 $’000 2011 PRESENT VALUE OFMINIMUM FUTURE LEASEPAYMENTS $’000 982 982 982 982 982 609 609 609 609 373 373 373 2011 – – 113,241 113,241 59,992 40,473 40,473 12,777 2,378 2,378 2,378 2,378 2,378 1,239 1,239 1,239 1,139 1,139 1,139 1,139 $’000 $’000 2010 2010 – – DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 69 – – – – – – – – 124 274 524 2010 2010 526 526 800 $’000 $’000 1,229 1,877 – – – – – – – 315 127 2011 2011 308 300 540 923 $’000 $’000 1,100 1,767

OTHER EXPENDITURE COMMITMENTS LEASE COMMITMENTS Department’s share of jointly controlled entity’s capital commitments: expenditure Commitments under outsourcing contracts for information technology and internal audit services at the reporting date but not recognised as liabilities and payable are: Not longer than 1 year Outsourcing commitmentsOutsourcing Payable Longer than 1 year and not longer than 5 years Longer than 5 years Finance lease liabilities and non-cancellable operating lease commitments are disclosed in Note 20 to the financial statements. Buildings: CAPITAL EXPENDITURE COMMITMENTS CAPITAL (C) (B) The following commitments been not have recognised as liabilities in the financial are commitments Controlled statements. payable as follows: NOTE 21. COMMITMENTS FOR EXPENDITURE Non-cancellable operating leases receivable operating leases Non-cancellable Not longer than 1 year Leasing arrangements out three leases Victoria Major Projects lessees do notThe restaurantpremises. at the end of the an option to purchase have lease term. Longer than 1 year and not longer than 5 years Longer than 5 years LESSOR-OPERATING LEASES LESSOR-OPERATING (A) DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 70 25-year period. the value oftheasset($455million)over a repay 50percent($227.5 theState million)of MCET underwhich MCET undertakesto hasenteredintoaloanagreement with State same time,theDepartmentonbehalfof which 2009. At the commenced 1January to theconcessionaireover a25-year period or $1.193 billioninnominaldollars,tobepaid to $507millioninnetpresentvalue terms, payments relatingtothenew facilityamount It isestimatedasat30June 2011 thatfuture Trust (MCET). by theMelbourneConvention andExhibition under which thenew facilitywillbeoperated enteredintoanagreement behalf oftheState Upon itscompletion,theDepartmenton wasacceptance achieved on31March 2009. commenced inJuneandcommercial 2006 for construction ofthenew facility which The projectdeveloper was responsible sector consortium. Convention Centre(MCC)facilityby aprivate and maintenanceoftheMelbourne Victoria policyfor theprojectdevelopment into anagreementunderitsPartnerships of In MaytheState 2006, Victoria entered DEVELOPMENT PROJECT(ADMINISTERED) MELBOURNE CONVENTIONCENTRE Not longer than 1year than longer Not are: payable and liabilities as recognised not but date reporting the at existence in contracts long-term under grants of payment the for Commitments commitments Grant Longer than 5years than Longer Long than 1 year and not longer than 5years than longer not and 1year than Long 1year than longer Not are: payable and liabilities as recognised not but date reporting the at existence in projects to relation in contract under payments for Commitments Major Projects 5years than Longer 5years than longer not and 1year than Long

no cost. attheendof25-year the State periodat Ownership oftheMCCfacilitywilltransfer to nominal dollars,over the25-year term. present value terms,or$512 millionin payments amountto$219 millioninnet as at30June 2011, thesefuture service payment Itisestimatedthat fromtheState. a fixed (inflation-adjusted)quarterlyservice maintenance andrefurbishmentsinreturn for project developer willprovide services, As partofthe25-year arrangement, the

385,373 385,373 421,737 421,737 162,037 162,037 339,574 339,574 217,472 217,472 82,163 82,163 5,864 5,864 $’000 2011 – 432,940 432,940 297,496 253,025 253,025 175,829 121,667 121,667 179,915 179,915 $’000 2010 – – DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 71 i – – – 2010 2010 $000 2010 $’000 200 200 $’000 55,945 36,396 15,995 i 146,721 127,762 341,461 218,661 505,619

NET PRESENT VALUE 2011 $000 2011 $’000 57,290 16,380 37,327 37,327 NET PRESENT VALUE 219,157 145,487 131,042 339,038 – – – – – 507,407 2011 $000 2010 2010 $000 $’000 71,348 16,797 38,221 440,588 162,966 528,733 1,030,451 1,231,638 2011 $000 2011 $’000 INDEXED NOMINAL VALUE INDEXED NOMINAL VALUE 17,204 73,068 39,203 None of the above contingent liabilities None of the above of of the assets any are secured over the Department. 167,159 421,662 511,934 987,055 INDEXED NOMINAL VALUE INDEXED NOMINAL VALUE 1,193,417 . i

C T T

Longer than 1 year and not longer than 5 years Longer than 5 years Litigation against the Department the against Litigation UNQUANTIFIABLE CONTINGENT ASSETS AND LIABILITIES (CONTROLLED) the compulsory acquisition of land by Following yet to has the final price Victoria, Major Projects pending the be agreed with the counter party, outcome of the determination under the Land 1986 Act Compensation and Acquisition CONTINGENT LIABILITIES i laims against the Departmentin dispute. Longer than 1 year and not longer than 5 years OF EXPECTED FUTURE COMMITMENTS VALUE TOTAL i he net present value is calculated using adiscount rate per of 8.14% annum and an inflation rate of 2.5% per annum. NOTE 22. CONTINGENT ASSETS AND CONTINGENT LIABILITIES Not longer than 1 year Operating commitments outstanding in relation the MCC to development project for services, maintenance and refurbishments are as follows: Not longer than 1 year OF EXPECTED FUTURE COMMITMENTS VALUE TOTAL i he net present value is calculated using adiscount rate per of 8.14% annum and an inflation rate of 2.5% per annum. Lease commitments outstanding relation in to the MCC development project construction for the facilityof new as follows: are CONTINGENT ASSETS Longer than 5 years DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 72 instruments Table of financial 23.1: Categorisation CONTRACTUAL FINANCIALASSETS 2011 Other financial assets Borrowings (A) INSTRUMENTS FINANCIAL NOTE 23. Cash and cash equivalents cash and Cash CONTRACTUAL FINANCIALLIABILITIES TOTAL CONTRACTUALFINANCIALASSETS Receivables ) >3months maturity (original Term Deposits eceivables and payables disclosed above exclude Statutory Receivables (i.e. GST-recoverable) and Statutory Payables Payables Statutory and GST-recoverable) (i.e. Receivables Statutory exclude above disclosed payables and eceivables i TOTAL CONTRACTUALFINANCIALLIABILITIES Payables

R (i.e. taxes payable). taxes (i.e. FINANCIAL RISKMANAGEMENT > > > > > instruments compriseof: The Department’s principalfinancial purposes. speculative derivative financialinstruments, for trade financialinstruments, including The Departmentdoesnotenter intoor foreign currency risk. to manageitsexposure tointerest rateand enter intoderivative financialinstruments interest rates. The Departmentdoesnot primarily tothefinancialriskof changes in The Department’s activitiesexpose it OBJECTIVES ANDPOLICIES > > > > > i borrowings. payables); and payables (excluding statutory receivables); receivables (excluding statutory term deposits; cash assets; i

FINANCIAL ASSETS– CONTRACTUAL CONTRACTUAL RECEIVABLES LOANS AND LOANSAND 100,144 100,144 49,607 49,607 23,351 23,351 27,186 27,186 category areshownbelow. inthetable category by financial assetsandliabilities amountsoftheDepartment’sThe carrying which itisexposed. measure andmanagethedifferent risksto The Departmentusesdifferent methodsto financial riskmanagementpolicy. this financialriskinaccordancewithits interest raterisk. The Departmentmanages The Department’s mainfinancialriskis are disclosedseparatelyinNote13. Investments inassociatesorjointventures Government policyparameters. Department’s financialriskswithinthe instruments istoprudentially managethe The mainpurposeinholding financial financial statements. above, aredisclosedinNote1tothe instrument andequity financial liability respect toeach classoffinancialasset, income andexpenses arerecognised, with measurement, andthebasisonwhich the criteriafor recognition,the basisof policies andmethodsadopted,including ofthesignificantaccounting Details $’000 $’000 – – – –

FINANCIAL LIABILITIES FINANCIAL LIABILITIES AT AMORTISEDCOST CONTRACTUAL CONTRACTUAL 26,536 25,554 25,554 $’000 $’000 982 982 – – – – – 100,144 100,144 26,536 25,554 25,554 49,607 49,607 23,351 23,351

27,186 27,186 TOTAL $’000 $’000 982 982 – DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 73 – $’000 $’000 $’000 (121) (107) (121) 7,758 (107) TOTAL TOTAL TOTAL 7,758 2,378 9,463 9,463

19,454 82,062 84,440 120,795 210,420 350,669 350,669 – – – – $’000 $’000 $’000 (121) (107) (121) 7,758 (107) 7,758 2,378 9,463 9,463 82,062 84,440 CONTRACTUAL TOTAL INTEREST TOTAL INTEREST TOTAL INCOME / (EXPENSE) INCOME / (EXPENSE) AT AMORTISED COST AT FINANCIAL LIABILITIES – – – – – – – – – – – $’000 $’000 $’000 (LOSS) (LOSS) 19,454 120,795 210,420 350,669 350,669 FINANCIAL RECEIVABLES CONTRACTUAL NET HOLD GAINS / NET HOLD GAINS / ASSETS-LOANS AND i i (i.e. Taxes payable). R

Other financial assets financial Other CONTRACTUAL FINANCIAL LIABILITIES cost amortised At CONTRACTUAL FINANCIAL LIABILITIES TOTAL Cash and deposits CONTRACTUAL FINANCIAL ASSETS TOTAL TOTAL CONTRACTUAL FINANCIAL LIABILITIES TOTAL Cash, deposits and investments ASSETS CONTRACTUAL FINANCIAL TOTAL Table 23.2:Table Net holding gain/(loss) on financial instruments by category CONTRACTUAL FINANCIAL LIABILITIES Payables LIABILITIES CONTRACTUAL FINANCIAL TOTAL i eceivables and payables disclosed above exclude Statutory Receivables (i.e. GST recoverable) and Statutory Payables TOTAL CONTRACTUAL FINANCIAL ASSETS TOTAL Cash and cash equivalents Term Deposits (original maturity > 3 months ) Receivables Borrowings 2011 2010 2010 CONTRACTUAL FINANCIAL ASSETS CONTRACTUAL FINANCIAL ASSETS CONTRACTUAL FINANCIAL ASSETS At amortised cost amortised At DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 74 assets that are neither past due nor impaired. nor due past are neither that assets financial of contractual quality Credit Table 23.3: (B) FINANCIAL ASSETS TOTAL CONTRACTUAL Receivables Investments equivalents cash and Cash 2011

CREDIT RISK on aregularbasis. is measuredatfair value, andismonitored financial losstothedepartment.Creditrisk their contractual obligationsresultingin potential defaulton ofthecounterparty exposure tocreditriskarisesfromthe financial assets. The Department’s receivables andavailable-for-sale contractual comprise cashanddeposits,non-statutory financial assetsoftheDepartment,which Credit riskarisesfromthecontractual amortised cost. of financialliabilitiesmeasuredat losses arisingfromtherevaluation plus orminusforeign exchange gainsor calculated bytheinterestexpense, taking amortised cost,thenetgainorlossis For financialliabilitiesmeasuredat net result. minus any impairmentrecognised inthe from revaluation ofthefinancialassets,and foreign exchange gainsorlossesarising theinterestrevenue, taking plus orminus assets, thenetgainorlossiscalculatedby receivables andavailable for salefinancial For cashandequivalents, loansor above aredeterminedasfollows: The netholdinggainsorlosses disclosed i CREDIT RATING) GOVERNMENT GOVERNMENT AGENCIES AGENCIES 66,810 20,822 20,822 18,802 27,186 27,186 (AAA (AAA $’000

RATED BANK INTERNALLY DEPOSITS

$’000 808 808 808 – –

BBB CREDIT BBB CREDIT OTHER (MIN RATING) 27,977 27,977 27,977 $’000 any collateralobtained. accountofthevaluerisk withouttaking of Department’s maximumexposure tocredit any allowances for losses,representsthe netof recorded inthefinancialstatements, amountoffinancialassets The carrying debtor creditratings. more than60days overdue, andchanges in debtor, default payments, debtswhich are evidence includesfinancialdifficultiesofthe not beabletocollectareceivable. Objective objective evidence thattheDepartmentwill financial assetsisrecognisedwhenthere Provision ofimpairmentfor contractual ratings. policy istodealwithbankshighcredit the policyfor debtors,theDepartment’s which aremainlycashatbank). As with on fixed interest(except for cashassets, and mainlyholdsfinancialassetsthatare engage inhedgingfor itsfinancial assets, In addition,theDepartmentdoesnot enhancements whereappropriate. sufficientcollateralorcredit to obtain ratings ofaminimumBBBratingand to onlydealwithentitieshighcredit government, itistheDepartment’s policy Government. For debtorsotherthan because itsmaindebtoristhe Victorian Department’s financialassetsisminimal, Credit riskassociatedwiththe – – CUSTOMERS MONITORED MONITORED CLOSELY $’000 – – – – II CUSTOMERS NO DEFAULT 4,549 4,549 $’000 – – II 100,144 100,144 49,607 49,607 23,351 23,351 27,186 27,186 TOTAL $’000 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 75

$’000 TOTAL 19,454 120,795 210,420 350,669 350,669 ii – – $’000 4,055 4,055 NO DEFAULT NO DEFAULT CUSTOMERS ii – – – – $’000 CLOSELY CLOSELY MONITORED CUSTOMERS a high credit rating for the Statea high credit rating for of Services Investor (Moody’s Victoria which triple-A) , & Standard & Poor’s at a assists in assessing debt market interest rate. lower holding investments and other holding investments financial assets that are contractual readily tradeable in the financial markets; planning of itscareful maturity financial obligations based on and cash flows; of future forecasts > > > – – > to liquidity exposure Department’s The risk is deemed insignificant, based on prior data assessment of and current periods’ to liquidityrisk. Maximum exposure risk is the carrying amounts of financial of theliabilities as disclosed in the face balance sheet. 23.5 on page 77 discloses the Table the for analysis maturity contractual financial liabilities. contractual Department’s to market exposures Department’s The risk is primarily through interest rate risk, foreignexposure to with only insigificant and other price risks. Objectives, currency policies and processes used to manage of these risks are disclosed in the each paragraphs below: Foreign currency risk to insignificant is exposed Department The risk through its payables currency foreign of supplies and relating to purchases > > MARKET RISK

$’000 26,044 RATING) 26,044 26,044 (D) OTHER (MIN BBB CREDIT – – 975 975 $’000 DEPOSITS INTERNALLY INTERNALLY RATED BANK RATED

$’000 (AAA 15,399 93,776 210,420 319,595 AGENCIES GOVERNMENT CREDIT RATING) i maintaining an adequate level of maintaining an adequate level funds that can be drawn uncommitted at short notice to meet its short-term obligations; > > Liquidity risk arises when the Department is unable to meet its financial obligations Department operatesThe due. fall as they payments fair under the Government’s financial obligations within policy of settling of a dispute, and in the event 30 days, from the within 30 days making payments date of resolution. maximum exposure Department’s The to liquidity risk is the carrying amounts of facefinancial liabilities as disclosed in the DepartmentThe of the balance sheet. manages its liquidity risk via: Financial assets that are either past due or impaired the Department does notCurrently collateral as securityhold any nor credit of itsenhancements relating to any financial assets. no was at the reporting date, there As of the financial to indicate that any event impaired. assets were no financial assets that were There had their terms renegotiated so as have them from being past due to prevent are statedor impaired, and they at the carrying amounts as indicated. discloses the ageing 23.4 on page 76 Table only of financial assets that are past due but not impaired. LIQUIDITY RISK I input tax credit-recoverable). T

2010

Investments Receivables (C) i he carrying amounts disclosed here exclude statutoryii amounts (e.g. amounts owing from the Victorian Government and GST rated. nternally Cash and cash equivalents CONTRACTUAL TOTAL FINANCIAL ASSETS Table 23.3:Table Credit quality contractual of financial assets that neither are past due nor impaired. (Continued) DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 76 Trade and other receivables receivables other and Trade Trade and other receivables receivables other and Trade Investments Investments FINANCIAL ASSETS 2011 Table 23.4: Ageing analysis of contractual financial assets financial of contractual analysis Ageing Table 23.4: Cash and cash equivalents cash and Cash FINANCIAL ASSETS 2010 TOTAL equivalents cash and Cash he carrying amounts disclosed here exclude statutory amounts (e.g. amounts owing from Victorian Government and GST input tax credit recoverable). credit tax input GST and Government Victorian from owing amounts (e.g. amounts statutory exclude here disclosed amounts carrying he i TOTAL

T i i CARRYING CARRYING 350,669 100,144 100,144 AMOUNT 210,420 210,420 120,795 120,795 to interestratesaresetoutin Table 23.6 and financialliabilitiesthatare exposed amountsoffinancialassets The carrying interest ratesismonitoredonadailybasis. Corporation Victoria, andany movement in and assetsaremanagedby Treasury The Department’s interest-bearingliabilities vehice leaseliabilitiesandtermdeposits. bearing liabilitiesandassetsarethemotor liabilities andassets.Itsonlyinterest- through theDepartment’s interest-bearing insignificant, andmightariseprimarily Exposure tointerestrateriskis Interest raterisk manage risk. to enterintoany hedgingarrangements to for theDepartment deemed unnecessary assessments ofeconomicoutlook,itis Based and monitoring. onpastcurrent funds throughrigorouscash-flow planning exchange rates,andensuresavailability of continuous monitoringofmovements in The Departmentmanagesits riskthrough and settlement. short timeframebetweencommittment denominated inforeign currencies anda because ofalimitedamountpurchases consumables fromoverseas. This is 49,607 19,454 19,454 23,351 23,351 27,186 $’000 DUE AND NOT DUE ANDNOT IMPAIRED NOT PAST 349,744 349,744 210,420 210,420 120,795 120,795 97,284 97,284 49,607 49,607 20,491 20,491 18,529 18,529 27,186 27,186 $’000 LESS THAN 1 LESS THAN1 MONTH $’000 565 565 565 565 83 83 83 83 – – – – MONTHS 2,291 2,291 2,291 2,291 $’000 258 258 258 258 1 - 3 1 -3 PAST DUEBUTNOTIMPAIRED – – – –

MONTHS 12 months: are 'reasonablypossible'over thenext purposes only. The following movements analyses areshown for illustrative in market ratesandprices,sensitivity cannot beexpected topredict movements As theDepartment’s fundmanagers riskvariable heldconstant. than theprimary five-year period,withall variables other of actual for historicaldata thepreceding range is determinedbasedontheobserved The Department’s tomarket sensitivity risk Sensitivity analysisdisclosure is setoutin Table 23.7onpages78and79. Department’s tointerestraterisk sensitivity on pages77and78.Inaddition,the movements were tooccur. key managementpersonnel,iftheabove Department atyear-end aspresentedto offinancialinstrument held category by the Department’s for netresultandequity each Table 23.7disclosestheimpacton > > $’000 3 -12 486 486 486 486 102 102 102 102 – – – – from year-end rates. cent inmarket interestrates (AUD) cent and-100 basispoints(1%)per a shift of+100 basispoints(1%)per

YEARS $’000 1-5 1-5 – – – – – – –

OVER 5 OVER5 YEARS $’000 – – – – – – –

FINANCIAL FINANCIAL IMPAIRED ASSETS ASSETS

$’000 – – – – – – –

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 77

– – – – – – – – – $’000 $’000 YEARS OVER 5 21,441 23,351 25,553 44,792 25,553 BEARING NON-INTEREST

– 19 1-5 – – – – – 388 407 72 $’000 1,299 YEARS 1,299 $’000 28,035 28,107 VARIABLE VARIABLE INTEREST RATE

– 12 INTEREST RATE EXPOSURE INTEREST RATE 850 493 862 493 3 - 12 $’000 – – – 59 982 982 RATE MONTHS $’000 27,114 27,173

FIXED INTEREST – – 76 76 1 - 3 179 179 $’000 982 $’000 MONTHS 27,186 28,166 21,441 23,351 25,553 26,535 26,535 AMOUNT 100,144 CARRYING MATURITY DATES DATES MATURITY 57 230 230 $’000 MONTH 25,534 82,050 25,591 82,280 82,280 – – – % – – LESS THAN 1 6.70% 4.35% 4.68% AVERAGE AVERAGE EFFECTIVE WEIGHTED – – INTEREST RATE $’000 1,014 1,014 2,558 2,558 2,558 AMOUNT NOMINAL 982 $’000 2,378 25,553 82,062 26,535 26,535 84,440 AMOUNT CARRYING i i T

Cash and cash equivalents Investments Trade and other receivables 2011 FINANCIAL ASSETS Financial lease liabilities FINANCIAL LIABILITIES TOTAL TOTAL FINANCIAL ASSETS TOTAL FINANCIAL LIABILITIES Payables Cash and cash equivalents Table 23.6:Table exposure financial rate of Interest instruments TOTAL i he carrying amounts disclosed exclude statutory amounts (e.g. GST-payables). 2010 FINANCIAL LIABILITIES Payables TOTAL Payables Table 23.5:Table Maturity analysis contractual of financial liabilities Finance Lease liabilities Finance Lease liabilities 2011 FINANCIAL LIABILITIES DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 78 CONTRACTUAL FINANCIALASSETS 2011 interest rate risk Table – 23.7: exposure Market risk TOTAL IMPACT Borrowings Payables CONTRACTUAL FINANCIALLIABILITIES TOTAL IMPACT Other financial assets Receivables equivalents Investments, cash and cash Trade and other receivables other and Trade Investments Cash and deposits and Cash instruments financial Cash and deposits and Cash Interest of rate exposure Table 23.6: he carrying amounts disclosed here exclude statutory amounts (e.g. amounts owing from Victorian Government, GST input tax tax input GST Government, Victorian from owing amounts (e.g. amounts statutory exclude here disclosed amounts carrying he i TOTAL FINANCIALLIABILITIES Payables FINANCIAL LIABILITIES TOTAL FINANCIALASSETS Financial lease liabilities lease Financial FINANCIAL ASSETS 2010

T credit-recoverable, and GST-payables). credit-recoverable, i i

CARRYING CARRYING AMOUNT

25,553 25,553 23,351 23,351 76,793 76,793 982 982 – – – INTEREST RATE NET RESULT WEIGHTED WEIGHTED EFFECTIVE EFFECTIVE AVERAGE 4.53% 6.93% 4.10% (554) (554) (554) (554) % – – – – – – – – – – -100 BASISPOINTS REVALUATION AVAILABLE- CARRYING CARRYING 350,669 AMOUNT 210,420 210,420 FOR-SALE FOR-SALE 84,440 84,440 SURPLUS 82,062 82,062 19,454 19,454 43,314 43,314 77,481 77,481 INTEREST RATE RISK 2,378 2,378 -1% – – – – – – –

FIXED INTEREST FIXED INTEREST NET RESULT 226,726 210,420 210,420 16,306 16,306 2,378 2,378 2,378 2,378 $’000 RATE 554 554 – – – – – – – INTEREST RATE EXPOSURE – +100 BASISPOINTS INTEREST RATE REVALUATION AVAILABLE- VARIABLE FOR-SALE FOR-SALE SURPLUS 27,008 27,008 27,008 27,008 $’000 +1% – – – – – – – – – – – – –

NON-INTEREST NON-INTEREST BEARING 82,062 96,935 96,935 82,062 82,062 19,454 19,454 77,481 77,481 $’000 – – – DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 79 – – – – – – – +0.5% SURPLUS FOR-SALE AVAILABLE- REVALUATION REVALUATION +50 BASIS POINTS – – – – – 946 946 NET RESULT – – – – – – – -0.5% INTEREST RATE RISK INTEREST RATE SURPLUS FOR-SALE AVAILABLE- REVALUATION REVALUATION -50 BASIS POINTS – – – – – (946) (946) NET RESULT – – – 2,378 81,548 19,454 331,215 AMOUNT CARRYING

the fair value of other financial value the fair assets and liabilities instrument is determined in accordance with generally accepted pricing models based on discounted cash flow analysis. the fair value of financial instrument of financial instrument value the fair assets and liabilities with standard terms and conditions and traded on is determined liquid markets active to quoted market with reference prices; and > > > None of the classes of financial assets and liabilities are readily traded on organised standardised in markets form. considers that the carrying Department The amount of financial assets and financial liabilities recorded in the financial report to values, of their fair approximation be a fair of thebecause of the short-term nature expectation and the financial instruments be paid in full. will that they The fair values and net fair values of values and net fair values fair The assets and liabilities financial instrument are determined as follows: > F

TOTAL IMPACT TOTAL (E) AIR VALUE TOTAL IMPACT TOTAL Cash and cash equivalents interest rate risk rate interest Table 23.7: Market risk Market exposure 23.7: – Table 2010 CONTRACTUAL FINANCIAL ASSETS Contractual Financial liabilities Payables Borrowings Receivables Other financial assets financial Other DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 80 (A) FLOWCASH INFORMATION 24. NOTE Funds held in trust (Note 30(b)) (Note trust in held Funds Acquisition of plant and equipment by way of finance lease finance of way by equipment and plant of Acquisition Invested Funds held in Trust (Note 30 (b)) 30 (Note Trust in held Funds Invested (B) . months three than less of maturity original an with Victoria of Corporation Treasury with deposits epresents ii for required bank at cash the in shortfall anotional having departments in result often arrangements funding above he generally departments Government arrangements, funding government and policy investment Victoria’s of State the to ue i BALANCE ASPERCASHFLOWSTATEMENT Cash Restructuring of administrative arrangements arrangements administrative of Restructuring

uring the reporting period the Department restructured administrative arrangements. The net result of this restructure restructure this of result net The arrangements. administrative restructured Department the period reporting the uring i

R T D shortfall for the payment of unpresented cheques of $105,768 (2010: $200,440). (2010: $105,768 of cheques unpresented of payment the for shortfall anotional of amount the includes bank at 2011, June cash 30 At period. reporting the at cheques unpresented of payment the by suppliers cheques Department’s or the creditors. of presentation the upon occurs Account Public the by remittance This cheques. the on for drawn amount required the cash the Department the to remit would Account Public the that, such is process The Account. are Public the via creditors made and suppliers its to services and goods of payment the for Department the by drawn cheques of form the in including those expenditures, Departmental any Similarly, Account. Public the as known account, bank State’s the into paid is income of generally generation the from Department the by received Cash accounts. bank their in reserve cash alarge hold not do RECONCILIA as follows: to therelateditemsinbalancesheet cash flowisreconciled statement end ofthefinancial year asshown inthe bankoverdrafts.outstanding Cashatthe in bank(includingfundsheldtrust), netof cashincludesonhandand statement, For thepurposeofcashflow EQUIVALENTS i NON-CASH FINANCINGANDINVESTING ACTIVITIES D reflected in the cash flow statement. flow cash the in not is reflected restructuring 7. administrative Note in This out set are arrangements administrative of restructuring the to respect with Details million). $20.517 Relinquished (2010: million $248.4 of assets net relinquishing Department the in resulted

TION OF CASH AND CASH TION OFCASHAND

ii i

(28,855) (28,840) 49,607 49,607 20,846 20,846 28,689 28,689 $’000 $’000 985 985 2011 2011 72 (18,639) 120,795 (20,517) 76,846 16,930 27,019 1,878 $’000 $’000 2010 2010 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 81 – – – 136 2010 2010 2010 (145) $’000 $’000 $’000 2,018 4,776 9,380 (1,837) (6,015) 20,432 20,432 24,816 20,061 28,008 (13,010) 28,008 210,420 (10,000) (10,490) 210,420 – – 87 741 2011 2011 2011 (23) $’000 $’000 $’000 1,498 4,248 5,580 3,771 8,312 27,186 (4,541) 27,186 32,055 32,055 (7,557) 28,008 31,779 (10,000) (60,540) (33,911) i TION OF NET RESULT FOR RESULT TION OF NET

THE PERIOD TO NET CASH FLOWS FROM TO NET CASH FLOWS THE PERIOD ACTIVITIES OPERATING RECONCILIA

T Resources received free of charge or for nominal consideration (Increase)/decrease in current receivables current (Increase)/decrease in Impairment of non-financial assets non-financial of Impairment assets current other (Increase)/decrease in provisions non-current Increase/(decrease) in (Gain)/loss on sale or disposal of non-financial assets Depreciation and amortisation of non-financial assets non-financial of amortisation and Depreciation liabilities non-current Increase/(decrease) in Australian dollar term deposits original maturity > 3 months Resources provided free of charge or for nominal consideration Increase/(decrease) in current payables current Increase/(decrease) in provisions current Increase/(decrease) in

Movements in assets and liabilities assetsMovements and in Non-cash movements: NET CHANGE IN RESERVES i he physical asset revaluation surplus arises on the revaluation of land and buildings. Balance at beginning of financial year END OF FINANCIAL YEAR BALANCE AT NOTE 26. RESERVES Term deposits:Term CURRENT INVESTMENTS TOTAL NOTE 25. INVESTMENTS increment/(decrements)Revaluation Transfer to accumulated funds NET CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES NET CASH FLOWS FROM/(USED IN) OPERATING (C) NET RESULT FOR THE REPORTING PERIOD NET RESULT CURRENT INVESTMENTS SUPLUS PHYSICAL ASSET REVALUATION DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 82

NOTE 27. SUMMARY OF COMPLIANCE WITH ANNUAL PARLIAMENTARY AND SPECIAL APPROPRIATIONS

The following table discloses the details of the various Parliamentary appropriations received by the Department for the year. In accordance with accrual output-based management procedures 'Provision for outputs' and 'Additions to net assets' are disclosed as 'controlled' activities of the Department. Administered transactions are those that are undertaken on behalf of the State over which the Department has no control or discretion.

ADMINISTRATIVE APPROPRIATION ACT FINANCIAL MANAGEMENT ACT 1994 ARRANGEMENTS ACT 1983

Administrative Annual Advance from Arrangements Total Parliamentary Appropriations Appropriation Treasurer Section 3(2) Section 29 Section 30 Section 32 Section 35 Order Authority Applied Variance

2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000

CONTROLLED

Provision of outputs 1,609,889 1,479,632 26,710 71,102 – – 367,855 384,927 (1,015) 10,560 66,517 64,031 – – (761,360) – 1,308,596 2,010,252 1,193,717 1,957,840 114,879 52,412 i

Additions to net 177,677 59,054 1,800 – – – – – (620) (10,560) 15,729 15,227 – – – – 194,586 63,721 84,159 31,113 110,427 32,608 ii assets

Regional – 77,200 47,000 – – – – – – – – – – – (22,447) – 24,553 77,200 24,553 77,200 – – Infrastructure Development Fund

ADMINISTERED

Payments made on 54,000 54,000 – – – – – – 1,635 – – – – – – – 55,635 54,000 55,635 54,000 – – behalf of the State

TOTAL 1,841,566 1,669,886 75,510 71,102 – – 367,855 384,927 – – 82,246 79,258 – – (783,807) – 1,583,370 2,205,173 1,358,064 2,120,153 225,306 85,020 i The variance is primarily related to changes in expected cash flows for committed projects to be delivered in the next financial year. These include Victorian Industry Strategy, Industry Support Program, Industry Transition Fund, and Business Events. The Department has applied under Section 32 of the Financial and Management Act 1994 to the Treasurer to have the unspent output appropriation applied in the next financial year. ii The variance relates to delays in committed asset projects, in particular the Melbourne Wholesale Markets Redevelopment, where payments are expected to be made in the next financial year. The Department has applied under Section 32 of the Financial Management Act 1994 to the Treasurer to have the unspent asset appropriation applied in the next financial year. DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 83 – – – 35 35 2010 2010 $’000 $’000 7,100 5,000 5,000 5,000 5,000 46,527 379,927 326,300 326,300 384,927 384,927 4 4 – ACTUAL – – 2011 2011 $’000 $’000 2,441 2,677 12,872 12,872 12,872 171,016 165,898 165,898 183,888 183,888

National Skills and Workforce Development COMMONWEALTH SPECIFIC PURPOSE PAYMENTS COMMONWEALTH TOTAL ANNOTATED INCOME AGREEMENTS INCOME ANNOTATED TOTAL MUNICIPAL Northbank Pedestrian Bridge National Partnership on TAFE Fee Waivers for Childcare Qualifications ASSET SALES Sale of TAFE Assets Development Centre Convention Melbourne National Partnership on Better Partnership Facilities on TAFE National The following is a listing of Section 29 following The by approved Agreements Annotated income the Treasurer. NOTE 29. INCOME ANNOTATED AGREEMENTS Ex-gratia payments NOTE 28.NOTE EX-GRATIA PAYMENTS THE DEPARTMENT HAS MADE THE FOLLOWING EX-GRATIA PAYMENTS: EX-GRATIA HAS MADE THE FOLLOWING THE DEPARTMENT DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 84 (A) BALANCES ACCOUNT TRUST 30. NOTE Department Working Trust Account Trust Working Department 2011 DBI Account Suspense RDV Projects Small Business Services Policy International Education Trust Reducing the Regulatory Burden Regulatory the Reducing Broadband Broker Program Project Funds Skills ICT STI Awareness Licensing Notes Lotus MMV ICTMMV Strategy Infrastructure Werribee Project Real Estate Agents Guarantee Fund Guarantee Agents Estate Real Victorian Government Business Office Funds Strategy Greenhouse Victorian Fund Development and Research Technology and Science Community Regional Skills Industry Program Youth Scheme Employment Melbourne 50 Years On Years 50 Melbourne CAT General Purpose Trust Purpose General CAT DPI Representative in America North Participation TrustWorkforce Industry Automotive Our Greening Ezybiz Melbourne Major Events Recoup trusts Infrastructure Precincts VicfleetFinance Lease Sales WorkingBookshop Account

TRUST ACCOUNTBALANCESRELA THE DEPARTMENT: TO TRUSTACCOUNTSCONTROLLEDBY

TING TING BALANCE OPENING OPENING 2,087 6,061 6,061 1,304 1,304 1,762 6,164 6,164 1,153 1,153 4,116 4,116 $’000 (60) 460 499 499 300 253 823 823 226 257 101 – – – – – – 46 46 (4) 80 80 59 59 27 27 14 14 5 REVENUE 58,541 58,541 2,658 2,658 3,793 3,793 3,776 3,776 1,229 1,229 4,319 4,319 $’000 500 338 338 225 225 207 207 370 370 100 100 195 195 – – – – – – – – – 62 62 27 27 37 37 24 24 41 41 14 14 – EXPENSE* (58,240) (8,982) (2,852) (4,815) (334) (275) (207) (109) (142) $’000 (80) (80) (66) (62) (27) (24) (31) (10) (14) (41) – – – – – – (3) (3) 13 13 – BALANCE CLOSING CLOSING 4,438 4,438 5,094 5,094 2,252 2,252 3,620 3,620 2,704 2,704 1,349 1,349 1,753 1,753 1,193 1,193 $’000 (23) 460 460 958 958 250 250 373 373 601 601 160 160 101 101 419 419 – – – – – – – 27 27 28 28 25 25 14 14 9 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 85 5 14 27 59 80 53 (4) (5) – – – 512 101 169 100 257 226 253 300 467 460 $’000 $’000 4,116 6,164 1,762 1,304 6,061 2,087 17,257 44,358 CLOSING CLOSING BALANCE BALANCE – – (2) (2) (5) – – – – (34) (39) (48) (60) $’000 $’000 (122) (102) (102) (150) (287) (392) (930) (1,786) (1,455) (3,735) (4,750) (2,666) (3,968) (23,945) EXPENSE* EXPENSE* (246,077) (349,519) – 60 – – – – – – – – – – – – – – – – (26) $’000 $’000 (135) 1,182 1,030 5,522 8,690 5,854 4,944 12,705 12,705 33,063 33,063 REVENUE REVENUE 124,410 2 5 14 69 80 – – 101 107 102 106 149 260 253 233 296 492 493 462 $’000 $’000 1,116 4,175 1,912 2,374 1,260 1,209 2,759 28,497 213,067 OPENING OPENING BALANCE BALANCE 269,467 269,467

A Broadband Broker Program Broker Broadband Community Regional Industry Skills Program Industry Skills Regional Community Victorian Greenhouse Strategy Funds E-Commerce Program Trust Office Business Government Victorian Science and Technology Research and Development Fund Employment Scheme Youth Infrastructure Precincts Infrastructure trusts Recoup Melbourne Major Events Major Melbourne Real Estate Agents Guarantee Fund Project Werribee STI Awareness STI ICT Skills Reducing the Regulatory Burden Workforce Trust Participation Project Funds Project Melbourne 50 Years On Ezybiz Greening Our Automotive Industry North America in Representative DPI

Regional Infrastructure Development Fund Treasury Trust Treasury Australian Synchrotron Fund Contributions Australian Natural Disasters Relief Account Clearing Revenue 2010 Department Working Trust Account * incorporateslso machinery-of-government changes. 2011 Commonwealth Trust Account Regional Development Australia Development Regional DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 86 Regional Infrastructure Development Fund Development Infrastructure Regional Commonwealth Trust Account Trust Commonwealth Revenue Clearing Account Australian Contributions Fund Synchrotron 2010 (B) I purchase oftravel tickets andreimbursement due tothetimingdifference between the Commuter Club Trust istemporarilyindeficit, The Department’s portionofthePublic Service TOTAL ADMINISTEREDTRUSTS(NOTE3) II TOTAL CONTROLLEDTRUSTS Regional Development Australia * Opening balances have been adjusted to incorporate prior year machinery-of-government changes. machinery-of-government year prior incorporate to adjusted been have balances * Opening Treasury Trust

Business Licensing Project Licensing Business RDV Projects Small Business Services Policy International Education Trust MCVB Business Events Cap Events Business MCVB VicfleetFinance Lease Sales Trust Purpose General CAT

Australian Contributions Fund Synchrotron Revenue Clearing Account Treasury Trust Account Fund Development Infrastructure Regional Account Trust Commonwealth Account Trust Working Department Public Service Commuters Club Trust Commuters Public Service CONTROLLED TRUSTS ADMINISTERED TRUSTS TRUST ACCOUNTCASHBALANCES Department. controlled andadministeredby the trust accountbalancesrelatingtotrusts The following isalistofcashheldin 251,696 BALANCE OPENING OPENING 194,622 194,622 surplus. Finance, andtheoverall trust balanceisin is fundedby theDepartmentof Treasury and from employees. The Trust’s working capital 39,676 39,676 $’000 452 452 235 235 738 738 – – – – – 46 46 68 68

130,775 130,775 REVENUE 12,251 12,251 81,141 81,141 1,280 1,280 2,182 2,182 8,110 8,110 $’000 (60) 690 690 119 119 – 85 85 41 41 1 20,918 20,149 20,149 (104) (104) $’000 467 467 2011 102 102 (113,004) 58 58 72 72 70 70 EXPENSE* (62,696) (23,430) (1,066) (8,110) (198) (127) $’000 145 145 – – – – – 269,467 304,196 304,196 BALANCE 213,067 213,067 219,673 CLOSING CLOSING 48,497 28,497 28,497 33,730 1,733 (131) 1,153 1,153 $’000 1,116 1,116 (131) $’000 (60) 493 493 493 492 492 499 499 823 823 2010 – 46 46 69 69 70 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 87 2 December 2010 to 30 June 2011 2 December 2010 to 30 June 2011 3 August 2007 to 2 December 2010 2 December 2010 to 30 June 2011 2 December 2010 to 30 June 2011 2 December 2010 to 30 June 2011 29 December 2008 to 2 December 2010 2 December 2010 to 30 June 2011 2 December 2010 to 30 June 2011 20 January 2010 to 2 December 2010 20 January 2010 to 2 December 2010 3 August 2007 to 2 December 2010 3 August 2007 to 2 December 2010 29 December 2008 to 2 December 2010 29 December 2008 to 2 December 2010 29 December 2008 to 2 December 2010 3 August 2007 to 2 December 2010 May13 2008 to 30 June 2011 The Hon. Louise Asher MP The Hon. Louise Asher MP The Hon. Tim Holding MP The Hon. Richard Dalla-Riva MLC The Hon. Richard Dalla-Riva MLC The Hon. Dr Denis Napthine MP Tim Pallas MP The Hon. Gordon Rich-Phillips MLC The Hon. Gordon Rich-Phillips MLC The Hon. Jacinta Allan MP The Hon. Bronwyn Pike The Hon. Jacinta Allan MP Joe Helper MP The Hon. Martin Pakula MLC LendersJohn MLC LendersJohn MLC Gavin Jennings MLC Mr Howard Ronaldson , the following , the following

During 2011 the following Trust Accounts Trust the following During 2011 been opened: have Relief Disasters Natural BY THE DEPARTMENT BY THE DEPARTMENT Names The persons who held the positions of Ministers and Accountable Officer in the Department are as follows: Minister for Innovation, Services and Small Business Minister for Tourism and Major Events Minister for Tourism and Major Events Minister for Employment and Industrial Relations Minister for Manufacturing, Exports and Trade Minister for Major Projects Minister for Major Projects Minister for Technology Minister responsible for the aviation industry Minister for Industry and Trade Minister for Skills and Workforce Participation Minister for Regional and Rural Development Minister for Small Business Minister for Industrial Relations Minister for Information and Communications Technology Minister for Financial Services Minister for Innovation Secretary In accordance with the Ministerial DirectionsIn accordance with the the Finance under the Minister for issued by 1994 Act Management Financial regarding responsibledisclosures are made the reporting period. persons for NOTE 31. PERSONS RESPONSIBLE (C) TRUST ACCOUNTS OPENED AND CLOSED ACCOUNTS OPENED (C) TRUST DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 88 $240,000 - 249,999 - $240,000 $230,000 - 239,999 $220,000 -229,999 $220,000 $210,000 -219,999 $210,000 $200,000 - 209,999 $190,000 - 199,999 $180,000 - 189,999 - $180,000 $170,000 - 179,999 - $170,000 $160,000 - 169,999 - $160,000 $150,000 - 159,999 $140,000 - 149,999 - $140,000 $130,000 - 139,999 - $130,000 $120,000 - 129,999 - $120,000 $110,000 - 119,999 - $110,000 INCOME BAND Premier andCabinet. oftheDepartment the financialstatements Amounts relatingtoMinistersarereportedin are nomatters toreport. for Financehave beenconsidered,andthere disclosure undertheDirectionsofMinister Other relatedtransactionsandloansrequiring $429,999). (2010:$400,000-$409,000 $420,000- reporting periodwas intherange: the managementofDepartmentduring the Accountable Officersinconnectionwith Total remunerationreceived orreceivable by REMUNERATION is shown inthethirdandfourth columns. The baseremunerationofexecutive officers belowthe table intheirrelevant incomebands. period areshowntwo inthefirstcolumns remunerationduringthereporting their total officers,and Ministers andtheaccountable The numbersofexecutive officers,otherthan EXECUTIVES REMUNERATION OF 32. NOTE $0 -$0 $99,999 $100,000 - 109,999

TOTAL REMUNERATION 2011 NO. – 3 3 1 2 7 3 9 2 8 4 1 3 3 1 4 of thatagency. is includedaspartoftheFinancialStatements Victoria below, isnotreportedinthedetails but The remunerationpaidtoexecutives of Tourism leaveand longservice payments. figures, duetotheinclusionofannualleave, remuneration significant impactontotal resigned inthepastyear. This hashada A numberofexecutive officersretiredor during theyear. contract completionbonusesbecamepayable full termofthecontract. A numberofthese bonuses onthesuccessfulcompletionof other contractsonlyincludethepayment of provide for anannualbonuspayment, whereas employment contracts.Some contracts payments dependontheterms ofindividual payments duringtheyear. These bonus and anumberofexecutives received bonus completed duringtheyear and renegotiated, year. A numberofemployment contractswere remuneration payable toexecutives over the Several factors have affected total retirement benefits. leave payments, redundancypayments and exclusive ofbonuspayments, long-service Base remunerationofexecutive officersis 2010 NO. 19 19 – – 2 2 3 1 7 3 4 8 1 3 4 2 1 BASE REMUNERATION 2011 NO. – – 2 1 6 3 9 1 9 2 8 3 4 3 1 5 2010 NO. 21 21 – – – 2 2 4 1 5 6 6 4 4 2 1 4 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 89 1 1 – – – – – – – 20 64 NO. 2010 2010 275 295 $’000 8,649

3 1 1 1 – – – – – – 63 NO. 2011 2011 265 265 265 $’000 10,841 BASE REMUNERATION 1 1 1 1 – – – – – 64 NO. 2010 9,492 ASSOCIATES an entity which are all entities over Associates has significant influence but not control, a shareholding andgenerally accompanying of between 20 per cent and rights voting BORROWINGS to inerest-bearing liabilities refers Borrowings raised mainly raised from public borrowings Victoria, Corporation of Treasury through the finance leases and other interest-bearing include non- also Borrowings arrangements. from government interest bearing advances policy purposes. that is acquired for 50 per cent. 4 2 1 1 1 – – – – 63 NO. 2011 11,519 TOTAL REMUNERATION TOTAL

AMORTISATION results which Amortisation is the expense or use over from the consumption, extraction or intangibletime of a non-produced physical is classified as an other expense This asset. economic flow. ACTUARIAL GAINS OR LOSSES ON DEFINED BENEFIT PLANS SUPERANNUATION gains or losses reflect movements Actuarial in the superannuation liability resulting from between the assumptions used differences fromto calculate the superannuation expense experience. transactions and actual Audit or review of the financial statements for the current year 34.NOTE TERMS OF GLOSSARY NOTE 33.NOTE AUDITORS OF REMUNERATION As at 30 June 2011, the Department of 2011, at 30 June As contractors had five Business and Innovation functions. engaged in executive Amounts paid to these contractors are not remuneration table. included in the executive TOTAL NUMBERS TOTAL AMOUNT ($’000) TOTAL $250,000 259,999 - VICTORIAN AUDITOR GENERAL’S OFFICE VICTORIAN AUDITOR GENERAL’S INCOME BAND Additional fee related to the 2009-10 year $260,000 - 269,999 $270,000 - 279,999 $280,000 - 289,999 $290,000 - 299,999 - $290,000 $300,000 - 309,999 - $300,000 $310,000 319,999 - $320,000 - 329,999 - $320,000 $330,000 - 339,999 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 90 financial liability. amountofthefinancialassetor carrying appropriate, ashorterperiodtothenet life ofthefinancialinstrument, or, where future cashreceiptsthroughtheexpected is theratethatexactly discountsestimated the relevant period. The effective interestrate asset andofallocatinginterestincomeover sources. statutory arising fromnon-cancellablecontractual or andotheroutsourcingcommitments capital provision ofoutputs. non-current physical assetsusedinthe investedopportunity costofcapital inthe The assetcharge capital representsthe CAPITAL ASSETCHARGE EMPLOYEE BENEFITSEXPENSES calculate theamortisedcostofafinancial The effective interestmethodisusedto EFFECTIVE INTERESTMETHOD reduces the'net'resultfromtransaction. expense isclassifiedasa'transaction'andso produced physical asset. oranintangible This the consumptionthroughwear ortimeofa Depreciation isanexpense thatarisesfrom DEPRECIATION equal value arereceivable orpayable inreturn. purposes for which noeconomicbenefitsof Amounts payable orreceivable for current CURRENT GRANTS owner movements inequity. aggregate ofoperatingresultandothernon- expense recognisedfor theperiod.Itis The netresultofallitems incomeand COMPREHENSIVE RESULT Commitments includethoseoperating, COMMITMENTS money wherenolegalobligationexists. Ex gratiapayment isthegratuitous payment of EX GRATIA PAYMENTS contribution superannuationplans. superannuation plansanddefined redundancy payments, definedbenefits wages andsalaries,leave entitlements, costs relatedtoemployment including Employee benefits expenses includeall

(d) y instrument ofanotherentity; (c) (b) (a) A financialassetisany asset thatis: FINANCIAL ASSET (b) (a) isanythatis: A financialliability FINANCIAL LIABILITY not financialinstruments. requirements imposedby governments) are or payables thatariseasaresultofstatutory not contractual (such receivables asstatutory entity. Financialassetsorliabilitiesthatare instrument orequity ofanother financial liability a and rise toafinancialassetofoneentity A financialinstrument isany contractthatgives FINANCIAL INSTRUMENT

entity’s owninstruments equity andis: entity’s owninstruments equity andis: > > > > > ii. i. a contractthatwillorma a contract an equit a contractthatwillorma A contract cash; > > > > >

unfavourable or totheentity; under conditionsthatarepotentially financial liabilitieswithanotherentity to exchange financialassetsor or asset toanotherentity; to deliver cashoranotherfinancial entity’s owninstruments. equity asset for afixed numberofthe amount ofcashoranotherfinancial other thanby theexchange ofafixed a derivative thatwillormay besettled instruments; or number oftheentity’s own equity or may beobligedtoreceive avariable a non-derivative for which is theentity favourable or totheentity; under conditionsthatarepotentially financial liabilitieswithanotherentity to exchange financialassetsor or asset fromanotherentity; to receive cashoranotherfinancial instruments; or number oftheentity’s own equity or may beobligedtoreceive avariable a non-derivative for which is theentity ual or statutory right: ual orstatutory ual or statutory obligation: ual orstatutory y besettled inthe y besettled in the DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 91

Grants can be paid as general purpose grants be paid as general purpose Grants can subject to grants that are not to refer which Alternatively, regarding their use. conditions grantsbe paid as specific purpose may they a particular purpose and/or are paid for which use. regarding their conditions attached have JOINT VENTURES arrangements are contractual ventures Joint between the Department and one or more other parties to undertake an economic activity controlthat is subject to joint control. Joint when the strategic financial andonly exists operating decisions relating to the activity require the unanimous consent of the parties sharing control (the venturers). INTEREST INCOME over Interest income includes unwinding time of discounts on financial assets and on bank term deposits andinterest received other investments. INVESTMENT PROPERTIES properties represent properties Investment held to earn rentals capital or for appreciation or properties properties exclude both. Investment held to meet service delivery of the objectives State of Victoria. INTEREST EXPENSE in connection with theCosts incurred include Interest expenses of funds. borrowing and short term interest on bank overdrafts amortisation of and long term borrowings, discounts or premiums relating to borrowings, interest component of finance leases and the increase in financialrepayments, due provisions liabilities and non employee of discounts to reflect theto the unwinding passage of time. GRANTS FOR ON PASSING sector (e.g. institutional All grants paid to one be passed to a state government) general sector (e.g. localon to another institutional non profit institution). or a private government PRODUCED ASSETS INTANGIBLE to 'produced assets' in this glossary. Refer NON PRODUCED ASSETS INTANGIBLE to 'non produced assets' in this glossary. Refer

a derivative that will or may be that will or may a derivative exchange the by other than settled cash or another amount of of a fixed number of fixed for a financial asset equity own instruments. the entity’s own this purpose the entity’s For do not includeequity instruments that are themselves instruments receipt or the future contracts for equity own delivery the entity’s of instruments. > > GRANTS AND OTHER TRANSFERS one unit provides in which Transactions goods, services, a assets (or extinguishes liability) or labour to another unit without in return. equal value receiving approximately Grants can either be operating or capital in may While grants to governments nature. of some goods orresult in the provision the do not give they services to the transferor, benefits directly a claim to receive transferor and Receipt equal value. of approximately value may equal sacrifice of approximately example, coincidence. For but only by occur, are not obliged to provide governments form of goodscommensurate benefits, in the for or services in return to particular taxpayers this reason, grants are referred their taxes. For and are as involuntary transfers AASB the to by termed non reciprocal transfers. GENERAL GOVERNMENT SECTOR sector comprises all general government The departments, offices and other government servicesbodies engaged in providing free of their costor at prices significantly below charge servicesof production. General government in non-market are mainly include those which collective are largely for those which nature, the communityconsumption by and those or redistribution of the transfer involve which servicesThese are financed mainly income. through taxes, or other compulsory and levies user charges. FINANCIAL STATEMENTS sentence of the Depending on the context where the term 'financial statements' is include only the main financialused, it may statements operating (i.e. comprehensive statement, flow balance sheet, cash instatements, and statement of changes theequity); also be used to replace or it may old term 'financial report' under the revised means it may (Sept 2007), which 101 AASB include the main financial statements and the notes. DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 92 as 'othernon-owner changes inequity'. the period,excluding thosethatareclassified and expenses (includinglosses) recognisedfor It isthenetresultofitemsincome,gains offs, impairmentwritedowns andrevaluations. from transactionsandtherefore excludes write or decreasesinnonfinancialassetsresulting financial assets.Includesonlythoseincreases in inventories andothermovements innon financial assetslessdepreciationplus changes financial assetslesssales(ordisposals)ofnon Purchases (andotheracquisitions)ofnon ASSETS (FROMTRANSACTIONS) NET ACQUISITIONOFNON-FINANCIAL intangible andbiologicalassets. intangible properties, cultural assets, andheritage under roads,plantandequipment,investment buildings, infrastructure, roadnetworks,land 'financial assets’. Itincludesinventories, land, Non-financial assetsareallthatnot NON-FINANCIAL ASSETS measure ofwealth. Assets lessliabilities,which isan economic NET WORTH be attributed directlytogovernment policies. net worth thatisduetotransactionsandcan of assets.Itisthecomponentchange in price levels andotherchanges inthevolume gains andlossesresultingfromchanges in ofoperations.Itexcludes ongoing sustainability measureofthe transactions. Itisasummary from transactionsminusexpenses from balance isakey fiscalaggregateandisincome Net resultfromtransactionsornetoperating OPERATING BALANCE NET RESULT FROMTRANSACTIONS/NET performance oftheoperations for theperiod. Net resultisameasureoffinancial NET RESULT such aspatents. produced. They includeconstructs ofsociety production thathave notthemselves been assetsneededfor areintangible intangibles assets.Nonproduced intangible and certain produced. They includeland,subsoilassets, production thathave notthemselves been Non-produced assetsareneededfor NON-PRODUCED ASSETS

associated with capital projects). associated withcapital costs (which upcosts donotincludethestart picture films,andresearch anddevelopment assets may includecomputersoftware, motion produced assets.Intangible intangible certain equipment,inventories, cultivated assetsand Produced assetsincludebuildings,plantand PRODUCED ASSETS accounts payable, grantsandinterestpayable. Includes shortandlongtermtradedebt PAYABLES changes arisingfrommarket re-measurements. In simpleterms,othereconomicflows are > > > > not resultfromtransactions. They include: volume orvalue thatdo ofanassetorliability Other economicflows are changes inthe OTHER ECONOMICFLOWS governments which own them. general, PNFCsarelegallydistinguishablefrom involved water (e.g. andport authorities).In prices thataimtorecover mostofthecosts financial nature) for saleinthemarket placeat (ofanon- the productionofgoodsandservices sector comprisesbodiesmainlyengagedin The publicnon-financialcorporation(PNFC) SECTOR PUBLIC NON-FINANCIALCORPORATION corporation sector. are notpublishedfor thepublicfinancial Estimates providing insuranceservices). deposits,issuingsecuritiesor taking financial liabilitiesontheir own account(e.g. financial services. They areabletoincur orauxiliary financial intermediationservices primarily engagedintheprovision of Public financialcorporations(PFCs)arebodies PUBLIC FINANCIALCORPORATION SECTOR > > > > from theiruseorremoval. depletion ofnatural assets(nonproduced) and agricultural assets;and fair value changes offinancialinstruments defined benefitsuperannuationplans; actuarial gainsandlossesarisingfrom assets; and intangible and impairmentsofnonfinancialphysical gains andlossesfromdisposals,revaluations

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 93 Zero, or rounded to Zero Zero, or rounded to negative numbers year period – (xxx) 20xx STYLE CONVENTIONS been have the tablesFigures in and in the text in tablesrounded. Discrepancies between totals of components reflect and sums in all tables variations arerounding. Percentage unrounded amounts. based on the underlying notation the tablesThe used in is as follows: The financial statements and notes areThe athe illustration for presented based on department in the 2010-11 government Government Victorian for Model Report presentation of otherThe departments. disclosures is generally consistent with other thedisclosures made in earlier publications of annual reports. Department’s Supplies and services generally represent cost costs, running to day of goods sold and the day in theincluding maintenance costs, incurred normal operations of the Department. TRANSACTIONS that are those economic flows Transactions are considered to arise as a result of policy decisions, usually an interaction between two also include They agreement. mutual entities by as depreciation an entity within flows such is simultaneously where the owner acting of the depreciating asset andas the owner as the consumer of the service by provided is regarded as mutually Taxation the asset. agreed interactions between the government can be in kind Transactions and taxpayers. free of charge (e.g. assets provided/given consideration) or where the nominal or for final consideration is cash. In simple terms, transactions arise from the policy decisions of the government. SUPPLIES AND SERVICES Refers to income from the direct provision of to income from the direct provision Refers goods and services, and includes fees and services for rendered, sales of goods charges and services, from regulatory services, fees enterprises. private done as an agent for work It also includes rental operating income under as leases and on produced assets such rentbuildings and entertainment, excludes but income from the use of non produced assets includes sale of as land. User charges such goods and services revenue. SALES OF GOODS AND SERVICES SALES OF GOODS AND An unincorporated enterprise that functions enterprise that An unincorporated has the same a corporation, as if it were corporation, as a relationship with its owner a separate set of accounts. and keeps RECEIVABLES government from Includes amounts owing short and receivable, through appropriation and accounts receivable,long term trade credit taxes and income, grants, investment accrued interest receivable. QUASI CORPORATION DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 94 We authorisetheattached financialreport for issueonthe 19 August 2011. tobemisleadingorinaccurate. statements We arenotaware ofanywhich circumstance would renderany particularsincludedinthefinancial 30 June 2011 andfinancialpositionoftheDepartmentasat30 June 2011. forming partofthefinancial report,presents fairly thefinancialtransactionsduring yearended BalanceofChangesinEquity,Statement, Sheet,Statement CashFlowandnotes Statement We that,inour opinion, theinformation furtherstate setoutintheComprehensive Operating professional reportingrequirements. applicable FinancialReporting Directions, Australian Accounting andothermandatory Standards Direction4.2ofthe been preparedinaccordancewithStanding We certifythattheattached financialreport for theDepartmentofBusinessandInnovation has DECLARATION ACCOUNTABLE OFFICER’S CHIEF OFFICER’S AND FINANCE 19 August2011 Melbourne Department ofBusinessandInnovation Acting Secretary A. Smith

Department ofBusinessandInno Chief FinanceOfficer J 1 Melbourne . Strilakos 9 August2011

FinancialManagement Act 1994,

vation

DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 95 DBI ANNUAL REPORT 2010 - 2011 03 FINANCIAL REPORT PAGE 96 © Commonwealth ofAustralia

04 Appendices Contents DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 98 Financial review of operations and financial conditions Financial reviewofoperationsandfinancialconditions Appendix 12 Office-based environmentalimpacts Appendix 11 Standard Australian/New ZealandRiskManagement Attestation forcompliancewiththe Appendix 10 Compliance withtheBuildingAct Appendix 9 Participation Policy Implementation oftheVictorian Industry Appendix 8 Freedom ofInformation Appendix 7 Human RightsandResponsibilitiesCharter Appendix 6 Human ResourceManagement Appendix 5 Victorian GovernmentBusinessOffices Appendix 4 Consultancies Appendix 3 Workforce information Appendix 2 Administrative structureoftheDepartment Appendix 1 Act 2001 Compliance withWhistleblowersProtection Appendix 15 of BusinessandInnovation Legislation AdministeredbytheDepartment Appendix 14 Grants andRelatedAssistance Appendix 13 Five-year financialsummary

123 152 123 116 102 102 151 134 133 125 124 122 122 99 99

Disclosure Index Appendix 20 Contact details Appendix 19 information availableuponrequest Summary ofadditionaldepartmental Appendix 18 Output Groups Appendix 17 Budget PortfolioOutcomes Appendix 16

169 166 160 166 153

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 99 1 8 7 1 2

10 24 42 22 112 215 216 129 192 134 327 202 223 443 770 989 (FTE) TOTAL TOTAL TOTAL JUNE 11 TOTALS (FTE) TOTALS EMPLOYEES 8 0 5 0 6 0 0 4 0 0 12 18 16 24 31 37 29 33 56 FTE

JUNE 11 93 152 (FTE) & CASUAL TOTAL FIXED TERM EMPLOYEES & CASUAL FIXED TERM EMPLOYEES

5 1 8 7 1 2 18 22 38 FTE 116 121 161 199 199 169 187 100 387 290

ONGOING EMPLOYEES 677 837 (FTE) TOTAL 5 1 8 7 1 2 20 22 38 414 121 123 166 196 106 184 291 205 205 ONGOING EMPLOYEES HEADCOUNT 871 705 TOTAL TOTAL 0 0 2 1 2 0 0 11 11 13 17 61 91 25 27 55 46 40 54 FTE (HEADCOUNT) JUNE 10 & CASUAL FIXED TERM EMPLOYEES 81 93

1 9 5 2 1 13 23 34 54 FTE 135 155 194 140 245 207 369 223 233 468 PART-TIME PART-TIME (HEADCOUNT) ONGOING EMPLOYEES 1 9 5 2 1 624 778 13 37 23 54 241 142 157 251 145 372 227 200 234 499 FULL-TIME (HEADCOUNT) HEADCOUNT

JUN-11 JUN-10 CLASSIFICATION AGE GENDER Over 64 VPS4 VPS1 Under 25 Under Male 45-54 55-64 STS VPS5 Female 25-34 VPS3 35-44 VPS6 VPS2 Principal Scientist Executives Legal Officers Legal Other WORKFORCE INFORMATION APPENDIX 2 The administrative structure of the Department structure administrative The on organisation chart is represented in the the at It is also available page 8 of this report. and Innovation’s Department of Business at dbi.vic.gov.au website APPENDIX 1 ADMINISTRATIVE STRUCTURE OF THE DEPARTMENT DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 100 Secretary TOTAL EO-1 EO-2 EO-3 CLASSIFICATION ONGOING government changes: was thesubjectoffour machinery-of- During thefinancial year, theDepartment Ministerial Drivers classification 'OthersOngoing'are:2(FTE) June 2011: theemployees reportedwitha Ministerial Driver. classification 'OthersOngoing'is:1(FTE) June 2010: theemployee reportedwitha excluded from Workforce Reporting. appointeesare Direction 29B, statutory In accordancewithFinancialReporting Notes: 30 JUNE2011 gender for 'Ongoing' and 'Special Projects' 'Special and for 'Ongoing' gender by Table of executive Breakdown officers 2: Projects' 'Special and into 'Ongoing' classified Table of executive officers 1: Number PROFILE OFEXECUTIVEEMPLOYEESASAT > EO-3 EO-2 EO-1 * Includes 10 vacancies at 30 June 2011 June 30 at 10 vacancies * Includes TOTAL Secretary > MALE CLASSIFICATION (effective 8December2010); Education andEarlyChildhoodDevelopment 146.2 (FTE)transferred totheDepartmentof 26 15 1 1 9 VARIATION PREVIOUS PREVIOUS FROM FROM YEAR -11 -9 -1 -1 0 FEMALE 12 0 0 3 9 VARIATION PREVIOUS PREVIOUS FROM FROM YEAR ALL NO 33 16 52 -5 -3 2 1 -1 -1 0 VACANCIES CURRENT CURRENT VARIATION PREVIOUS PREVIOUS 0 9 1 1 7 FROM FROM YEAR VARIATION -17 PREVIOUS PREVIOUS -20 -2 -1

0 FROM FROM YEAR

-7 -6 -2 0 1 SPECIAL PROJECTS ONGOING approved positions. DBI alsoreceived 20.5FTEin Government receiving departments. be reportedinthe Annual Reports for the Employee numbersfor thesegroupswill > > > > > > MALE 28 May 2011). Childhood Development (effective the DepartmentofEducationandEarly An additional8.4(FTE)transferred to (effective 28May 2011); and Development of PlanningandCommunity 84.2 (FTE)transferred totheDepartment 22 February 2011); of Treasury andFinance(effective 7.0 (FTE)transferred totheDepartment 3 0 0 2 1 NO 31 13 47 2 1 VARIATION PREVIOUS PREVIOUS FROM FROM YEAR 2 0 0 2 0 VARIATION PREVIOUS PREVIOUS FROM FROM YEAR FEMALE -18 -23 -4 -1 0 1 0 0 1 0 VARIATION PREVIOUS PREVIOUS PROJECTS FROM FROM YEAR SPECIAL SPECIAL 0 0 0 0 0 NO VACANCIES 2 3 0 0 5 CURRENT CURRENT

1 0 0 0 1 VARIATION PREVIOUS PREVIOUS VARIATION PREVIOUS PREVIOUS

FROM FROM YEAR FROM FROM YEAR 1 2 0 0 3 1 0 0 0 1 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 101

1 0 0 0 0 0 1 0 72 19 16 14 -1 50 2010 TOTAL 0 0 0 0 0 1 0 -1 PREVIOUS YEAR VARIATION FROM VARIATION MALE 4 1 52 10 27 64 0 0 0 0 2 0 2011 -1 -1 FEMALE 1 4 3 3 7 1 10 29 2011 TOTAL 1 2 6 2 2 6 1 20 MALE 0 2 4 1 1 1 0 9 FEMALE # 1 4 9 4 3 7 1 29 2010 TOTAL 1 2 7 2 2 5 0

20 MALE 0 2 2 2 1 9 2 1 FEMALE

Information provided by State Services Authority. Services State Authority. by provided Information The following organisations have moved from the DBI portfolio to DEECD: Bendigo Regional Institute of TAFE, Box Institute Hill of TAFE, Central Gippsland Institute of TAFE, Chisholm Institute of TAFE, Driver Education Centre of Australia Ltd, Gordon Institute of TAFE, East Gippsland Institute of TAFE, Goulburn Ovens Institute of TAFE, Holmesglen Institute of TAFE, International Fibre Centre, Kangan Batman Institute of TAFE, Northern Melbourne Institute of TAFE, South West Institute of TAFE, Sunraysia Institute of TAFE, TAFE Development Centre, William Angliss Institute of TAFE, Wodonga Institute of TAFE. AUSTRALIAN GRAND PRIX CORPORATION Accountable Officers ORGANISATION NAME ORGANISATION VICTORIAN MAJOR EVENTS LTD COMPANY TOTALS FED SQUARE PTY LTD MELBOURNE CONVENTION AND EXHIBITION TRUST MELBOURNE MARKET AUTHORITY Executives employed with total remuneration below $100,000 DOCKLANDS STUDIOS MELBOURNE PTY LTD EMERALD TOURIST RAILWAY BOARD Table 4: DBITable Portfolio Executives 30 June 2011 TOTAL EXECUTIVE NUMBERS AS AT 30 JUNE AS AT EXECUTIVE NUMBERS TOTAL # This reflects executives commencing or ceasing employment part-way through the year. All figures include Tourismfive Victoria Executive Officers. LESS Separations/LWOP Executives with Total Remuneration over $100,000 ADD Vacant Roles Table 3:Table Reconciliation with Executive Numbers the in Financial Report DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 102 BUSINESS OFFICES BUSINESS GOVERNMENT VICTORIAN $100,000 orabove (exclusive ofGST). 11 wherethecostofengagementwas There wereengaged in2010- noconsultants CONSULTANCIES 3 APPENDIX > > > Supporting Victoria’s foodandagribusinesssectors 11 financial year, includingthe following: range ofactivitiesandinitiatives over the2010- Office (VGBO) inDubai. The a VGBO delivered and headsthe Victorian Government Business in theMiddleEastandNorth Africa (MENA) Victorian Government’s chief representative The Commissionerfor Victoria inDubaiisthe COMMISSIONER FORVICTORIA–DUBAI 4 APPENDIX > > engaged $100,000 and under and $100,000 engaged Consultants of value Total Number of Consultants Consultants of Number (EXCLUSIVE OFGST) ENGAGEMENT OFCONSULTANTS $100,000ANDUNDERFOR2010-11 > > > > > coming 24months. show anticipatesales$57.8 million over the February 2011. Victorian companiesatthe companies toattend Gulfood inDubai Assisted 29 Victorian food andbeverage Diyafa tradefair inQatar. Doha inNovember 2010, andexhibited atthe seven Victorian food supplierstoDubaiand Supported afood delegationconsistingof Melbourne inOctober2010. and theUnited Arab Emirates(UAE) to from Qatar, theKingdomofSaudi Arabia Supported andassistedafood delegation beverage supplierstotheMiddleEast. profilesof containing key Victorian food and Delivered aPut Victoria on Your Table booklet March 2011. Riyadh andJeddah, Saudi Arabia in Supported a Victorian food delegationto

$181,976 10 Supporting Victoria’s aviation(tourism)sector > > > > Supporting Victoria’s educationsector > Supporting Victoria’s financialservicessector > technology (ICT)sector Supporting Victoria’s informationandcommunication > manufacturing sector Supporting Victoria’s automotive&advanced > > > > > > > > > > > in July 2011. and 30Emiratistudents willstudy inBendigo Regional TAFE was selectedfor theprogram Education Councilin April 2011. Bendigo Program 2011 proposaltothe Abu Dhabi TAFE insubmitting itsSummer Abroad Assisted andrepresentedBendigo Regional Arabia in April 2011. Higher EducationExhibitioninRiyadh, Saudi Represented Victoria attheInternational Institutions. market briefingsto Victorian Tertiary Sydney inOctober2010, andprovided International EducationConference in Represented Victoria atthe Australia providers intheGCCmarket. service for Victorian VETopportunities (VET) sectorresearch projecttoidentify (GCC) wide Vocational Educationand Training Commissioned aGulfCooperationCouncil May 2011. Investment forum topromoteinvestment in Exhibited attheinauguralDubai Annual Dubai inOctober2010. Represented Victoria attheGITEX forum in East tradeshow inDubai. attendance atthe Automechanika Middle parts companiesinJune 2011, withtheir assist nine Victorian automotive spare Cooperated with Austrade tosupportand flights toMelbourne. the MENAregiontoconsidercommencing Supported andassistedotherairlinesin increase flightsandtourismto Australia. Supported majorMiddleEasternairlinesto DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 103

. 1 Program are based on the expected increase in mature annual exports, i.e. export sales in the period to 24 13 months after participating in the program, as reported by companies. Victorian participating O

November 2010. November Melbourne Hindi the Study Conceived foreign first – the world’s website Hindi language education government Delhi in New launched was which – website Minister for MP, Asher Louise the Hon. by ServicesInnovation, and Small Business April 2011. during the trade mission in IndiaVictoria the Government’s Launched in June in Bangalore Doctoral Scholarships simultaneously were launched These 2011. MP, Asher the Hon. Louise in Melbourne by Services Innovation, and SmallMinister for Business, in the presence of the Governor of Victoria. TAFE Victorian Supported the delegation of to India in who travelled providers and private 2010. November Contracted Genser, a Bangalore-based Contracted Genser, consulting firm tospecialist aviation research conduct and complete market in the Indian Victoria for on opportunities industryaerospace and aviation in multiple Aerospace’s Supported Mahindra a major following Victoria visits to follow-up and Aeronautics in Gippsland investment Australia. Aerostaff with attraction investment active Pursued Indian ICT medium-sized high-growth, qualifiedcompanies, resulting in new opportunities. Assisted in the deliveryAssisted major trade of two 2011, April and 2010 November missions, in including one verymission,multi-sector large Minister MP, Asher the Hon. Louise led by Services Business, Innovation, and Small for trade and beverage as a food as well multi-sector mission April 2011 The mission. of up to exports to result in new is expected $63 million 1 utcomes from the Department’s Trade Fairs and Missions > > > > > > > > > > > information and communication Supporting Victoria’s technology (ICT) sector > education sector Supporting Victoria’s > Supporting Victoria’s Trade Engagement Trade Victoria’s Supporting > Program – India Supporting the Victorian defence and commercial defence Supporting the Victorian aerospace sector Worked with Austrade in exhibiting and in exhibiting Austrade with Worked Annual Dubai Investment presenting at the 2011. in May Forum on a high-level Austrade with Worked mission to Melbourne from investment Qatar 2011. in June Held two Victorians Abroad business Victorians Held two networking receptions in Dubai, each people, in December 100 over by attended 2011. and June 2010 Supported a UAE Government delegation of Government Supported a UAE managers systems geographic information 2011. visiting Melbourne in May DubaiSupported and assisted a week-long radio broadcast live Business Breakfast Eye to promote 2011 from Melbourne in May and tourism. trade, investment Supported and assisted a high-level Abu Supported and assisted a high-level Asset Affairs, Dhabi Department of Municipal tour to Melbourne in Management study 2011. May Conducted business development visits to visits development Conducted business Arabia to Saudi and Kuwait Turkey, Qatar, investors. identify prospective at the inauguralVictoria Represented of Commerce andArab Chamber Australian 2011. in Melbourne in May Industry Forum Assisted and supported a Saudi Government a Saudi Government and supported Assisted delegation to construction building and April 2011. Melbourne in research Initiated a tourism infrastructure to identify potential 2011 project in March investment in Victoria. > > > > > > > > > > Other significant investment or export outcomes in investment or export Other significant other sectors COMMISSIONER FOR VICTORIA – INDIA is in Bangalore Victoria for Commissioner The representative in India andVictorian the chief in Bangalore. VGBO Sri Lanka, and heads the and a range of activities delivered VGBO The year, financial the 2010-11 over initiatives including the following: > > > Cooperation with Commonwealth Government > > > > Whole-of- Government representation, Victorian Ministerial visits Government activities and > > > DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 104 Supporting Victoria’s aviation(tourism)sector > Supporting Victoria’s lifesciencessector > manufacturing sector Supporting Victoria’s automotiveandadvanced > Supporting Victoria’s clean-techindustry > > > Supporting Victoria’s foodandbeveragesector > > > > > > > > > > > > > > promote education services inMarchpromote educationservices 2011. Victorian universities and TAFE institutes to Supported thevisittoIndiaby asyndicateof led by thechairman ofthe AutoCRC board. larger missionin April 2011. The missionwas Victorian automotive companiesaspartofa Supported thevisittoIndiaby agroupof12 companies toIndiain April 2011. Supported amissionofclean-tech the MelbourneFood and Festival.Wine inMarchleading wineconsultant 2011 for Supported thevisittoMelbourneby India’s 2011.in April beverage companiestoMumbaiandDelhi Supported amissionof13 food and up to$6million. expected toresultinnew exports worth of Food Indiaexhibition. The missionis 2010 toexhibit at Annapoora, the World beverage companiestoIndiainNovember Supported amissionof42 Victorian food and Indian outboundtourismmarket. measures toincrease Victoria’s shareofthe of Victoria amongIndiantouristsandsuggest outbound tourismtoanalyse the perception Commissioned market research ofIndian toMelbourne. direct services Airlines toencouragethemestablish Worked withJet Airways andSriLankan toMelbourne. direct services Supported negotiationswith Air Indiatofly in October. Melbourne toattend AusBiotech 2010 company, TCG Life Science,tovisit Assisted leadingIndian life sciences

manufacturing industrysector Supporting theVictorian automotive andadvanced including thefollowing: initiatives over the2010-11 financial year, VGBO hasdelivered arangeofactivitiesand VGBO inFrankfurt. The teamattheFrankfurt in London, acrossEurope,andheadsthe in Germany and,jointlywiththe Agent-General the Victorian Government’s chief representative The Commissionerfor Victoria inFrankfurt is COMMISSIONER FORVICTORIA-FRANKFURT > Whole-of-Victorian Governmentactivities > > > > construction sector Supporting Victoria’s infrastructureand > > > > > > > > > > > > > > > Victoria attheDelhiCommonwealth Games. of Victoria inOctober2010 torepresent Supported thevisittoIndiaby theGovernor anofficeinDelhi. LAB inplanstoestablish Supported the Victorian architecture firm as partofthe April 2011 multi-sectormission. urbandesigncompaniestoIndia sustainable Supported amissionof16 Victorian companies from Victoria in April 2011. mission toIndiaconsistingofeight Supported thefirst-ever Cleantech sector projects. retail and combination ofresidential,hospitality Group investment inMelbourneona Continued thefacilitationof Wadhawan German and Italian OEM. OEM. German andItalian Carbon Revolution, inmeetingswithmajor Victorian-based carbonwheelmanufacturer, accompanied andsupported,innovative Provided strategicadviceto,and arm, Iveco, in Turin. the FiatGroupanditscommercialvehicle high-levelEstablished key relationshipswith September 2010. Automechanika inFrankfurt in August/ Aftermarket Association missionto an AustralianAssisted Automotive and manufacturing in Victoria. design building railandtramengineering, Transport withaview tosupportingand of Bombardier Transportation and Alstom Built strongrelationshipswiththeCEOs largest railandtramexpo inBerlin. to InnoTrans inOctober2010, theworld’s trademission in arailandtramindustry Supported Victorian companiesparticipating

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 105

Sponsored highly successful Melbourne Cup in association with 2011, in November event Business in Europe) ABIE (Australian in Frankfurt. of a Hosted CEOs and senior executives number of major German companies at internationalAustralia versus a Germany at Mönchengladbach soccer friendly match 2011. in March Trade Ministry for Turkish Met with the to explore and Industry 2010 in November cooperation, mutual for opportunities the to explore resulting in an offer Turkey–Victoria establishment of a Business Council. Worked with Zara’s parent company, Inditex, parent company, Zara’s with Worked establishment of other the eventual towards including MassimoVictoria, brands in Inditex and Bershka. Stradivarius Oysho, Dutti, entryAustralian ofContinued to pursue H&M, retailer, fashion major Swedish-based to establishingwith a view headquarters, Victoria. in training and logistics facilities in Forum Automotive Russian Attended 2011. in March Moscow Moscow, in Prague, Austrade Met with and Istanbul, as the as well Warsaw (responsibleVienna Embassy in Australian and a number of other Slovenia Hungary, for to further develop central European markets) understanding opportunities. of market IndustryAutomotive Met with Polish to explore April 2011 in Association automotive Victorian-based for opportunities businesses in Poland. aftermarket Secured the entrySecured the of major Spanish-based Australian Zara, into the retailer, fashion storesVictorian-based with five market flagshipAustralian planned, including an Street Mall. Continuing store in the Bourke the establishment of with Zara towards work headquarters and training base, Australian an stores. regional as future as well > > > > > > > > > > > > Seeking Victorian opportunities in Eastern Europe Seeking Victorian > > > Whole-of-Government activities and Ministerial visits > > Significant investment or export outcomes ininvestment or export outcomes Significant > other sectors Continued to assist major German food and to build Oetker, processing firm, Dr business, culminating Australian its expand in local production through direct investment Victorian in the acquisition of an existing has also plant. Dr Oetker processing food headquarters in Australian established its expansion. future is planning for and Victoria, Attended a major German defence industry defence a major German Attended 2010. in October in Berlin conference the competencies of thePresented Industry to a meeting Defence Victorian Defence for Association of GSW (German April 2011. in Technology) Identified a number of significant potential Tec leads, including Future investment Carl Zeiss Blücher, Defence), (Kärcher Falck Wehmann, Optronics, Kraus Maffei Defence Swedish and Systems Defence Export Agency. Attended EuroSatory (June 2011), DSEi EuroSatory 2011), (June Attended 2011), (June Airshow Paris (September 2010), and Cannes (April 2011) Friedrichshafen Aero assistance to provide 2011) (June Air Show to Victorian participants. Worked with a Frankfurt-based investment investment with a Frankfurt-based Worked facilitatefirm to the establishment of small aircraft base for a manufacturing manufacturers in Victoria. Global Repair Victorian-based Assisted Services contracts export in three new Desso and PSA). (Recaro, Maintained ongoing relationships with key Australia’s in investors German and European sector. automotive Participated in one of the world’s major in one of the world’s Participated in TechTextil expos, textiles technical Victorian to support 2011, in May Frankfurt exporters. Promoted Victoria’s capabilities, specifically capabilities, Victoria’s Promoted Fibres Australian with the new in connection Centre, to key and Innovation Research clusters,European industry and research OEMs. and key institutes research > > > > > > > > > > > > > food and beverage sector Promoting Victoria’s > > > > > and commercial defence Supporting the Victorian aerospace sector > > DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 106 Cooperation withtheCommonwealthGovernment > > > > > Promoting Victoria’s foodandbeveragesector region over the2010-11 financial year included: initiatives delivered intheSouthEast Asian the VGBO inKuala Lumpur. Activities and representative inSouth-East Asia andheads Lumpur isthe Victorian Government’s chief The Commissionerfor Victoria inKuala KUALA LUMPUR COMMISSIONER FORVICTORIA– > > > > > > > > > > > in November 2011. event inBerlin promotinglocalfood andwine Hosted a Victorian atClub table Vivanova 2011.January (ASCCI) Australia Day dinnerinZurich in Swiss ChamberofCommerceandIndustry Provided akeynote addressatan Australian 24 months. $10 millionareexpected over thenext inward mission,estimatedexport salesof Melbourne inMarch 2011. As aresultofthe inaugural Royal Brunei Airlines directflightto business delegationthattravelled onthe Brunei Halal,aspartofalargerofficial Brunei food importersanddistributorsrepresenting Delivered avisitto Victoria by amissionof Thailand supportedby Austrade inMay 2011. and Technology MissiontoIndonesiaand Industries onan Services Australian Dairy Worked withtheDepartmentofPrimary reported export salesinexcess of$6million. products.Companies value-added dairy Malaysia inOctober2010 topromote high- a missiontoIndonesia,Singaporeand Nutriceuticals to Asia Project, including Nations componentofthe Victorian Dairy of the Association ofSouthEast Asian Worked withDBItodeliverone stage 2010) andInterSolar(June 2011). Airshow (June 2011), InnoTrans (September at various majortradefairs, includingParis Collaborated withCommonwealth agencies Germany andEuropein2011. potential for asmalltechnologies missionto Industry, ScienceandResearch toexplore Worked withtheDepartmentofInnovation, was received inJune 2011. of IslamicDevelopment, Malaysia (JAKIM) The officialclearancefromtheDepartment suspected ofnotmeetingHalal regulations. the Malaysian market for butter thatwas that suppliesapproximately 50percentof support ofalarge processor Victorian dairy Played amajoradvocacy role inMalaysia in

> > Promoting Victoria’s educationsector > > > Supporting theVictorian ICTsector > > manufacturing sector Supporting Victoria’s automotiveandadvanced > > > > > > > > > > > Sciences (LIMS)were highlighted. Agribio CentreandInstitute for Molecular biotechnology fields.La Trobe’s planned and technology capabilitiesintheICTand September 2010, focusing on Victorian R&D with La Trobe UniversityinSingapore Arranged ajoint mediapresentation schools.leading private secondary Education and Training institutions and Malaysia andSingaporeby Victorian Supported over 20in-market visitsto were over $5million. Exports fromthe2010 CommunicAsia event CommunicAsia 2011, SingaporeinJune 2011. Supported a Victorian ICTmissionto Corporation. of Malaysia’s MultiMediaDevelopment ICT delegationthatincludedtheCEO Maximus Ongkili,togetherwithaMalaysian Science, Technology andInnovation, Dato’ 2010 by Malaysian Federal Ministerfor Supported avisittoMelbournein August for Best Industrial Application. Victorian company, won therunner-up award in September2010. Sage Technologies, a Asia Pacific ICT Awards (APICTA) inMalaysia Jointly ledan Australian ICTmissiontothe Trade, Dato’ inOctober2010. Mustapa Malaysian Federal and Minister for Industry Supported avisittoMelbourne by the automotive sector. supply after-sale componentpartsto the Boy Canopies’ Australia facilities, which The investment isanexpansion ofCarry T.R.K. Bangkok&ExporterCoLtd. Industry June 2011, creating12 directjobs,by Facilitated investment of$4.5millionin andtourismtraining. hospitality Training (CET) centre inSingaporeproviding Agency torun aContinuingEducationand the Singapore Workforce Development William Angliss haswon acontractwith Institute of TAFE inMalaysia andSingapore. Provided ongoingsupportfor William Angliss July 2010. traininginSabah deliver hospitality (Sabah Foundation) Malaysia, for BHIto Box HillInstitute (BHI)and Yayasan Sabah between Memorandum ofUnderstanding Supported aneducationservices

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 107

May/June 2011. Feedback indicates over indicates over Feedback 2011. May/June the next over exports $1 million in expected months. 12 Global Islamic Finance in the Participated Malaysia Lumpur, in Kuala (GIFF) Forum to promote Melbourne in October 2010, for centre of excellence Australia’s as Islamic Finance. the by Coordinated a visit to Malaysia Council, Legislative Victorian of the President Atkinson MLC, in Bruce Hon. The April 2011. HighAustralian with the Worked a visit to to arrange Commission in Malaysia the Malaysian by 2011 Melbourne in March and a delegation of three Minister, Prime Cabinet Ministers. Malaysian Minister for the Malaysian Separate visits by and the 2010 August in Trade Industry and in September 2010 Chief Minister of Penang supported. also were Undertook significant investment attraction attraction investment Undertook significant in Singapore, work and trade development leading closely with Singapore’s working industry bodies and trade organisations. Urbanisation, BuildingVictorian Supported a Mission to Singapore and Construction Victorian 2010. in November and Malaysia of exports companies reported expected Urbanisation, BuildingVictorian Supported a inVietnam Mission to and Construction Supported two Business Migration and 2010 in July to Malaysia Roadshows 2011. June Industry Victorian establishing in Assisted the representation in Capability Network’s in December 2010. Malaysia Travelled to Brunei in May 2011 and 2011 in May to Brunei Travelled Dunn Wood Ballantyne’s launched label. premium butter an investment undertook 2010, In July Thai and met with Thailand to roadshow and food automotive, companies across the agribusiness and energy sectors. beverage, 2 years. $6 million over > > > > > > > > > > > Cooperation with Commonwealth Government > > > > Whole-of-Victorian Government activities Government Whole-of-Victorian > > > > > > >

were identified for pharmaceutical two identified were coal-processing company. and one brown Visited Indonesia in March/April 2011 and 2011 in March/April Indonesia Visited lead-generating undertook investment leadsactivities. Preliminary investment Confirmed investment of $3.5 million and Confirmed investment Malaysia’s the creation of 50 direct jobs by & Cafè Sdn Bhd in Cakes Secret Recipe has invested company The 2010. August also company The Victoria. in stores in four dairy itsVictorian products for sources stores. Asian and South East Malaysian Supported Royal Brunei Airlines (RBA) toAirlines (RBA) Brunei Supported Royal service times a week its four to launch B777 utilising RBA’s April 2011, Melbourne in full-time jobs will be created by Ten aircraft. RBA in Victoria. Supported a Memorandum of Tooling Understanding between Melbourne 2011, Bhd in March and Proreka Company as MTM’s the appointment of Proreka for market. ASEAN the partner for technical Facilitated a Memorandum of Understanding between Automotive the Australian and Centre (CRC) Research Cooperative (MAI) Institute Automotive the Malaysian Under the Memorandum of 2011. in March TAFE Understanding, of Institute Kangan Australia-Malaysia funding from the received training to skill Malaysian Foundation using the latest training moduleproviders Centre Automotive Kangan at its adopted by Excellence. for Supported an agreement between HellaSupported an agreement Malaysian- partner, its technical and Australia Industries,based Multi-Code Electronics million AUD$40 to secure a contract worth Holdings, to Proton carmaker from Malaysian and supply a rear combination lamp develop in 2012. model to be launched a new for and the Proton Vendors Association Vendors and the Proton respectively. (PVA) With DBI, the Australian Federation of Federation Australian With DBI, the and Manufacturer Parts Automotive Mission Automotive organised an Austrade, to companies Victorian eight comprising 2010. in November Thailand and Malaysia Memoranda of Understanding were Two with the Malaysian FAPM, signed by Product Component Automotive Association (MACPMA) Manufacturers > > > > > > > > other sectors > Developing key relationships in ASEAN countries > Significant invest or export outcomes in > aviation (tourism) sector Supporting Victoria’s > > > DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 108 Supporting Victoria’s financialservicessector the following: over the2010-11 financial year, including delivered arangeofactivities andinitiatives VGBO inLondon. The teamatthe VGBO in Frankfurt) acrossEurope,andheadsthe and (jointlywiththeCommissionerfor Victoria Government’s chief representativeintheUK The Agent-General inLondon isthe Victorian AGENT GENERALINLONDON > > > > > > » » » » » sector. Someoftheseincluded: raise awareness ofopportunities in the hubin as afinancialservices Australia and Conducted 13 majorevents toprofile Victoria sector.services to promote Victoria’s expertise inthefinancial firms andfive carbon-market services managers, seven bankingandinsurance Conducted meetingswith38fundandasset asset managementbusinessinMelbourne. an established Australian headquartersfor its Asset Management(UKbranch) which Supported aninvestment by JPMorgan » » » » » published inthejournalGlobalPensions. in Responsible Investment. An articlewas highlight how Australia isleadingtheway Australasia Association inMarch 2011 to Austrade andtheResponsible Investment Hosted anevent inconjunctionwith spoke attheevent. Senior Partner atMercerConsultants, from Oxford UniversityandDavid Knox, funds experts. Professor GordonClark attracted over 30pensionandmanaged Australia HouseinNovember 2010, which Melbourne MercerPension Index at Delivered theLondon launch ofthe (Australia,and Asia). markets Africa examined threeemergingkey carbon in October2010 atanexpert sessionthat Presented attheCarbonShow London HSBC HoldingsPLC. Europe, MiddleEast&GlobalBusinesses, address by Michael Bencsik, Headof managers inSeptember2010. Key-note Hosted alunch with60fundandasset market services inthe marketAsia services Pacific. Melbourne asadestinationfor carbon Climate BridgeinMarch 2011, promoting Hosted alunch withMelbournebasedfirm

> aerospace sector Supporting Victoria’s defenceandcommercial > > > communications technology(ICT)sector Supporting Victoria’s informationand > > migration program Supporting Victoria’s skilledandbusiness > > > > > > > > > > > > > > tradespeople. pyrotechnics inMarch 2011. for theproductionofcountermeasuresand support a$30millioninvestment in Victoria Worked withChemringUK(Headquarters)to Outcomes included24new ICT contacts. firms fromtherolloutof Australia’s NBN. Group tohighlighttheopportunities for 2010 withtheBroadbandStakeholders Hostedanevent for 50peopleinNovember Innovation Awards inLondon inJune. IBES attheGlobal Telecoms Business2011 Business, andanawardGlobal Telecoms for five investment leads,anarticlepublishedin investment proposition.Outcomesincluded in February 2011 topromote Victoria’s ICT for (IBES), aBroadbandEnabledSociety Kate Cornick, Executive DirectorofInstitute Facilitated avisittoLondon by IT expert Heath Wallace andFortune Cookie. Confirmed investments from Vertex Group, pre-qualified engineers,health workers and information seminarsinJune 2011 with Government) threemajormigration Co-hosted (withtheCommonwealth two employers fromregional Victoria. recruitment events inJune 2011, attended by and Western Australia) twopre-qualified Hosted (inconjunctionwithSouth Australia meetings fromJuly 2010 toMarch 2011. the region,throughanumberofforums and Promoted the Avalon Air Show (Australia) in opportunities inEuropethroughouttheyear. to develop new businessandtrade Supported 14 Victorian firmsseeking in exports. July 2010, resultinginasignificantincrease Paris Air Show andFarnborough Air Show in Supported Victorian tradedelegationstothe presence attheParis Air Show inJune 2011. Government tocoordinatea'Team Australia' Worked withtheCommonwealth leads andfive visitsto Victoria. France, resultingin12 qualifiedinvestment Met withnew investors intheUK,Spainand

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 109 In ,

The Times l, CNBC Business), with , Guardian , Flight Internationa additional articles expected. Sponsored the activities of the Royal Botanic Sponsored the activities of the Royal at the Chelsea Flower Victoria Gardens of a awarded was which 2011, in May Show Gold Medal. Co-hosted a lunch with the Australian with the Co-hosted a lunch asVictoria to promote Ambassador to France firms French destination for an investment Airbus included Attendees 2011. in March and Paribas BNP Thales, Keolis, Military, Construction. Bouygues to Program Journalists Visiting a Delivered up and followed January in Victoria 2011, date, To 2011. with the journalists in March been published in national six articles have Mailpress (Daily Supported a visit from the Treasury Treasury the Supported a visit from (TCV) and facilitatedVictoria Corporation of engagement with industry in TCV’s 2011. May Carbon Capture Co-hosted (with the Global an Austrade) and and Storage Institute, finance community to with London’s event to financing challenges discuss the current carbon capture and accelerating commercial included Outcomes 2011. storage in February financial servicesten new contacts. and trade investment Victorian Presented 20 UK firms to approximately opportunities inVictoria prior to their trade mission to as part of the reciprocal October 2010, and Investment’s Trade relationship with UK One Northeast division in Newcastle. infrastructure, key Hosted a function for clients at the energy and defence renewable residence in Madrid Ambassador’s Australian Immediate outcomes in October 2010. in November Victoria included the visit to and Fotovatio two Spanish firms, by 2010 actively now Dragados, with Fotovatio Victoria. in north-west pursuing opportunities Hosted an Australia-UK Carbon Capture Carbon Capture Australia-UK Hosted an roundtableand Storage in September on collaboration for to identify areas 2010 research pursue business and projects and opportunities. > > > > > > > > > > > > > > > >

Supported L’Oreal Melbourne Fashion Supported L’Oreal 2010 functions in September Festival and creativity, fashion Victorian celebrating Anderson. Chairperson Laura hosted by Facilitated a visit to the UK by the thenFacilitated a visit to the UK by Hulls MP in the Hon. Rob Deputy Premier, 2010. July clients at the CEO Forum Victorian Hosted Week Australia as part of VIP Reception and in September 2010. Shared market information and activities to information Shared market help build the MCVB pipeline. Hosted a delegation of nine Victorian Hosted a delegation of nine April in London companies at SportAccord International Australian of the as part 2011, SecretariatSporting Events (AISES) cluster mission. Outcomes included $23 million Victorian for revenue in anticipated export companies. Participated in a Life Sciences Forum Sciences Forum Life in a Participated to profile innovative in September 2010 activity and commercialisation research with anAustralia, emerging from emphasis on collaboration with the UK with industryand a workshop financiers funding for of on increasing effectiveness in both countries. research Participated in the London International Wine International in the London Participated from the ten winemakers showcasing Fair 2011. in May Valley Yarra Showcased Victoria’s leading chardonnays at leading chardonnays Victoria’s Showcased at the Tasting Wine Day Australia Annual the Gallery in January 2011. in London Saatchi Brothers, Brown Labels included Stonier, Station, Yering Estate, Crittenden Lake, Yabby Bystander McPherson, Innocent De Bortoli, to more showcased were and Bellvale than 1,000 UK retailers, and distributors, journalists. > > > > > > > > > > > > Government activitiesWhole-of-Victorian > Supporting the Melbourne Convention and Visitors’ Bureau (MCVB) > Significant invest or export outcomes in other sectors > life sciences sector Supporting Victoria’s > Promoting Victoria’s food and agribusiness sector food and agribusiness Promoting Victoria’s DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 110 aerospace sector Supporting theVictorian defenceandcommercial including thefollowing: and initiatives over the2010-11 financial year, These officesdelivered arangeofactivities Francisco, New York, Chicagoand Washington. in the Americas, andleadsthe VGBOs inSan Francisco isthechief Victorian representative The Commissionerfor Victoria inSan SAN FRANCISCO COMMISSIONER FORVICTORIA– > > > technology (ICT)sector Supporting Victoria’s informationandcommunication > > > > > > > > > objectives inthenearfuture. seek toentertheUSmarket withtargeted learnings totheirorganisations,andwill returned toMelbourneapplytheir US in early2011. The company representatives at thePlugandPlay Tech CenterinCalifornia that utilisedtheMelbourne Australia Pavilion Supported andadvised Victorian companies March 2011. their USbusinessengagementstrategiesin intensive businessplantrainingandrefining spent twoweeks inSilicon Valley receiving Technology andPyksis. The five companies for five Victorian companieswith Anza Supported theGlobal Acceleration Program in Washington. Microsoft eLearning Trade Missionin April 2011 tovisit Supported the Australian Economy Digital aerospace companies). primes (majorinternationaldefence or March 2011. This includedhosting American at AvalonInternational Airshow in Airport participation inthesuccessful Australian Promoted andsupported American American Forcesto service inMarch 2011. with ninenew Victorian companiesselected Comparative Testing Organisation(CTO), Acquisitions, Technology &Logistics Foreign ofUSDefence of theUnderSecretary Promoted Victorian expertise totheOffice Conference inSanFrancisco inMarch 2011. Victorian companiesattheGameDevelopers Supported Multimedia Victoria and21

> > > manufacturing sectors Supporting Victoria’s automotiveandadvanced > > > Supporting Victoria’s financialservicessector > > > Latin America Promoting Victoria’s educationcapabilitieswith > > > > > > > > > > > > > > > Environmental Protection Agency.Environmental consisted ofFord, GM,Chrysler, andtheUS Victorian automotive capabilities. Audience the Environment inNovember 2010 on Presented toSuppliersPartnership for in May 2011. Week tothe American automotive industry 2011the Promoted Australian Automotive Mission toDetroitin April 2011. a Supported Team Australia Automotive May 2011. Carbon World conference inLos Angeles in Represented DBIatNavigating the American stakeholders inOctober2010. Pension Index inNew York tokey industry Launched theMelbourneMercerGlobal identified aspromisinginvestment leads. Around 35ofthesefirmshave been Melbourne and Australia 2011. inJanuary firms interestedinopportunities in Presented toover 70fundsmanagement 2010 -11. -11. 2010 Brasilia andBelo Horizonte, Brazilthroughout students atStudy Abroad Fairs inCuritiba, NZ agenttrainingworkshops andtoover 400 Presented toeducationagentsat Australia/ Spanish andPortuguese. Distributed known andalliesintheregion. contacts visiting theLatin American market with Connected Victorian educationproviders Motorsports’. Victoria asthe'Heartlandof Australian NASCAR driver Marcos Ambrose promoted Orlando, bothinDecember2010. Australian Performance show in Racing Industry show inIndianapolis,andthe Industry mission totheInternationalMotorsports Automobile Parts Manufacturers’ trade Aftermarketa Victorian Supported jobs, inMay 2011. Source in Victoria of$3.4million,creating42 Supported anew investment by Lightning July 2010. $18 totalling millionandcreating50jobs,in Supported areinvestment by Ford in Victoria, Study Melbourne Study brochures in

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 111

Supported a Department of Premier andSupported a Department of Premier Climate Cabinet visit to the Governor’s Change Summit in Sacramento in 2010. November Minister for the former Supported a visit by to the GreenbuildPlanning and Environment 2010. in Chicago in November conference BuildingVictorian Supported the visit of the World Commissioner and Head of the the for Greenbuilding Council to Boston program in January 2011. USA G’day Energy Deputy The Minister of Innovation, and Mines of Manitoba, Canada made a brief 2011. visit to Melbourne in May Americanin Participated the Australian-North Austrade Strategy meeting with Water a cohesive to develop in January 2011, companies Australian engagement plan for American industry. with the North Supported the Victorian Government’s Government’s Victorian Supported the ScienceAgro relationship with Dow strains of food into new regarding research crops resistant to the impacts of climate 2011. in June change InternationalVictorian Managed the Washington Mission to Development The in January 2011. York DC and New at mission program included three days meeting UN and two days Bank World the Victoria’s on representatives, focusing sale of two Supported UR Mildura’s harvesters olive to Victorian-manufactured and Equipment in California Farming Lodi will distribute the which in October 2010, industry. harvesters farming to the California Attended the Agricultural Innovation Innovation Agricultural the Attended and 2011 in May in St Louis Showcase supported Victorian company Technix Ag at the conference. presented which relationships to support Developed industry bioscience agriculture engagement – organisations in the US with various Science, Agro Dow including Monsanto, 2011. and Sapphire Energy – in June Pioneer, technology. water world-leading > > > > > > > > > Co-operation with Commonwealth Government > other sectors > > > > Significant invest or export outcomes in > Government activitiesWhole-of-Victorian > > >

Supported the Coskata Consortium known and facilitatedAustralia, Ethanol as Flex plant in an ethanol manufacturing investment throughout the year. Victoria in Supported Victorian Supported Victorian Government in the BIO International involvement 2011. in June Convention companies participatingVictorian Supported in showcase Investment AusBiotech in the 2011. June Engaged with key North and Latin American North and Latin Engaged with key servicesprospects in the aviation space to and more frequent servicespromote new to April 2011. and 2010 Melbourne in November Supported Regional Development Victoria Development Supported Regional in companies participating and the 12 It Dinner Taste Victoria the San Francisco industry 80 food Over in January 2011. the representatives and media attended Grossi and Guy Melbourne chef dinner. collaborated Humphrey Joseph local chef productsVictorian showcasing on the event in the US. available Supported the Victorian Pinot Noir promotionVictorian Supported the including the LA Pinot campaign in the US, wine industry for specialists Tasting and Party Outcomes include nine 2010. in November wines in the US. Victorian outlets for new Supported planning for Australian Market Australian Supported planning for held in Chicago in JanuaryDay 2011, and manufacturers food Victorian promoting Victorian various wineries. Simplot in by Facilitated the re-investment new totallingVictoria $3.2 million with 10 2010. August jobs in Supported the visit of 13 education agents 13 Supported the visit of 2011. in May Victoria to America from Latin as well agents came from Spain as The Brazil Ecuador, Colombia, Venezuela, Mexico, and Peru. Supported a media visit to Victoria fromVictoria to Supported a media visit Television 2011. in March America Latin filmed and Mexico media from Brazil, Peru stories thateducation and tourism-focused months in theirwill be aired in the coming countries on major networks. Organised a visit program for international a visit program for Organised who universities six Mexican directors of 2011. April in visited Melbourne > > > > > > > > > > > > > > > life sciences sector Supporting Victoria’s > aviation services Supporting Victoria’s (tourism) sector > > > > food and beverage sectorSupporting Victorian > > DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 112 manufacturing sector Supporting Victoria’s automotiveandadvanced following: over the2010-11 financial year, includingthe delivered arangeofactivities andinitiatives Shanghai, HongKong andNanjing. The officers in GreaterChinaandheadsthe VGBOs in the Victorian Government’s chief representative The Commissionerfor Victoria inShanghaiis COMMISSIONER FORVICTORIA–SHANGHAI Promoting Victoria’s educationsector > > Supporting Victoria’s aviation(tourism)sector > > > > Supporting Victoria’s ICTsector > > > > > > > > > > > > > > advantage asanon-curfew majorairport. Continued topromoteMelbourne Airport’s Eastern Airlines. withChina daily Shanghai-Melbourneservice Guangzhou by ChinaSouthern Airlines, anda toMelbournefrom increased directservices Represented Tourism Victoria tosecure May 2011. Supported ane-learningmissiontoChinain Melbourne inDecember2010. Supported aChineseICTmissionto in November 2010. Supported afood safety missiontoShanghai China in August 2010. Supported acomputergamesmissionto manufacturing facilityin Victoria. Group onitselectricvehicle distribution and Assisted andlobbiedtheEDAY Automotive facilities in Wuhu, Anhui Province. Automotive group,atitsproductionandR&D withtheChery demonstration laboratory Victorian capability automotive industry (AutoCRC) inMarch 2011, a toestablish for Advanced Automotive Technology Assisted theCooperative Research Centre and website. and website. used topromotetheStudy Melbournebrand China inMarch 2011. This opportunity was largest internationaleducationexhibition in Education Exhibition Tour (CIEET) 2011, the participation intheChinaInternational Supported a Victorian delegation’s and Victoria. Province education linkagesbetweenJiangsu when anMOU was signedtofurther by JiangsuEducationDepartmentofficials, Facilitated thevisitto Victoria in April 2011 aerospace sector Supporting Victoria’s defenceandcommercial > > > > Supporting Victoria’s foodandbeveragesector > > > other sectors Significant investmentorexportoutcomesin > > Supporting Victoria’s lifesciencessector > > > > > > > > > > > > > influencers inMay 2011. familiarisation tourfor Chineseweb Supported a industry Victorian dairy published inSeptember2011. wine regionsandwineriesin Victoria, tobe China’s majorwinetrademagazine,covering program in April 2011, andafeature articlein Assisted andsupporteda Tianjin Television September 2010. sales anddistributioncentreinHangzhou of a Victorian rural productsexhibition, andopening Supported theestablishment food-buyers’ missionto Victoria. February 2011, andanin-boundChinese missions toChinain August 2010 and trade missionstoChina. There were Supported major Victorian Food and Wine regional Victoria. to theeducationsectorinMelbourneand Conducted arangeofChinamarket briefings and June 2011. Wenzhou andShanghai,in September 2010 missions toHanian,JiangsuProvince, Assisted two Australian UrbanSystems Victoria inOctober2010. and expansion ofitsproductionfacilities in injectionof$195its majorcapital million Supported ChemChina(Qenos)regarding Shanghai throughouttheyear. in Taipei, Guangzhou, Wuxi, Nanjingand sciences credentialsatinvestment seminars Promoted Victoria’s biotechnology andlife exhibition inShanghaiSeptember2010. in Analytica China,amajorlife sciences Supported Victorian companiesparticipating Composite Systems andRMIT. in collaborative dealswith Australian manufacturer, inFebruary 2011, resulting China (COMAC), China’s leadingaircraft by Commercial Aircraft Corporationof Facilitated ahigh-level missionto Victoria longer-term export salesachieved. September 2010, withbothimmediateand Aerospace MissiontoChinaandMongoliain Supported the Victorian Aviation and

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 113 Managed the Japan Food and Beverage and Beverage Food Managed the Japan companies with key Export Sector Study, servicein the food and retail sectors Victorian strong interest in expressing products. seminar in Conducted an investment of Mitsubishicooperation with the Bank Organisation Trade External and Japan Tokyo targeted at potential 2011, in May processing/ in food investors Japanese Despite the effects Victoria. agribusiness in and tsunami, 39 peopleof the earthquake resulting in one the seminar, attended one qualified opportunity, ready-for-approval opportunities. identified and 12 opportunity, program in the Conducted an outreach into sector investment processing food the Kansai/Chubu regions, resulting in one qualified opportunity. Approximately $100 million of immediate $100 Approximately sales. export and expected Victoria’s in China of awareness Raised and strengths. economic achievements business alliances new 163 Approximately established. with unique companies provided Victorian in the Chinese insight into and opportunities market. Mission to Trade Food Victoria a Assisted resultedThis 2011. and Seoul in March Tokyo in combined million in an estimated $14 and one qualified two years, sales over opportunity. investment > > > > > > > > > > > COMMISSIONER FOR VICTORIA – TOKYO is the Tokyo in Victoria Commissioner for The representative in chief Government’s Victorian in VGBO and heads the and South Korea, Japan a range of activities office delivered The Tokyo. year, financial the 2010-11 over and initiatives including the following: food and agribusiness sector Supporting Victoria’s > > > > > Shanghai World Expo (SWE) 2010 Expo (SWE) Shanghai World from May Expo took place World Shanghai The Government’s Victorian The 2010. to October resulted in significantparticipation in the Expo collaborations,economic outcomes, Victoria’s of partnerships and a strengthening of relationship with China. Outcomes overall at the Expo included: participation Victoria’s

and industry Melbourne links between and Shanghai. artist Reko Victorian the Presenting to the Sculpture Echidna Rennie’s Jiangsu Museum of ContemporaryArt a was sculpture The 2010. in November the for Pavilion Australian in the feature Expo 2010. World duration of Shanghai Promoting the Melbourne Cup Carnival Promoting 2011, in November as a global event highlighting the historical horse-racing Sponsoring the first officially sanctioned the in mainland China, AFL match between 'Shanghai Showdown' Melbourne and Brisbane in October 2010. » » » Supported a major trade delegation that Minister to Beijing accompanied the Prime of the Financial and the launch April 2011 in Services the discussion paper by Market Minister for Government Commonwealth 2011. in June Trade Provided advice on the visit by the Jiangsu advice on the visit by Provided inVictoria Xu Ming, to Mr. Governor, Vice Victoria of intent with and a letter 2011, June signed. on environmental protection was Supported an in-bound mission from the Department of Jiangsu Government’s when a 2011, Health to Melbourne in June Victorian signed with the was Health MOU Government. Supported an MOU between the Australian between the Supported an MOU Urban and Sustainability cluster and Dongtai In 2010. signed in November Government Secretaries a delegation of Party 2011 March officials from and other senior Government City visited Yancheng Dongtai City and Melbourne. Pursued an active public diplomacy program an active Pursued sporting and artistic cultural, through various activities, including: Supported the Department of PrimarySupported the Department Grape Table Australian Industries and access and in-market Association Taiwan in China and promotional activities in December 2010. Supported China Tianrun Energy (Goldwind) Tianrun China Supported in farm in a 20MW wind in its investment of a total capitalVictoria, expenditure $50 million. » » » > > > > > > > > > Cooperation with Commonwealth Government > > > > > Whole-of-Victorian Government activities Government Whole-of-Victorian Sister State relationship with Jiangsu DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 114 manufacturing sector Supporting Victoria’s automotiveandadvanced > Supporting Victoria’s tourismsector > > > > Supporting Victoria’s educationsector > > > > > > > > > > > > > Altona plant. globalenginelineatits a $229millionCamry subsidiary, proceededwithdevelopment of Toyota, throughitsMelbourne-based personnel atthe Toyota MotorCompany. high-levelMaintained relationships withkey as astudy destination. Yasuda, was engagedtopromoteMelbourne and whohasstudied inMelbourne, Misako popular in Japan An actresswhoisvery website has110,000 registeredmembers. for languagelearnersinMarch 2011. This Corporation’s (NHK)educationalwebsite website throughJapanese Broadcasting Secured promotionfor theStudy Melbourne 50 memberuniversities –inDecember2010. Consortium ofUniversities –aconsortiumof Facilitated avisittoMelbourneby theKyoto educational practices. to Melbournein August 2010, tostudy Fukutake EducationandCulture Foundation Facilitated thevisitof44delegatesfrom organised by TBS television andMainichi contest for children. The contestwas winners ofanationalEnglishspeaking schools,primary four outofsixJapanese Victoria was invited tohost,at Victorian June 2011. Automotive Week andtosigntheMOU in University was invited tovisitMelbournefor Kookmin Universityand AutoCRC. Kookmin around thesigningofanMOU between In Korea, the VGBO engineereddiscussions to Japan andSouthKorea inDecember2010. Conomos, AmbassadorAutomotiveJohnby Government’s Automotive Missionheaded Participated intheCommonwealth October 2010. production ofKenaf boardsin Victoria in Toyota Boshoku expanded itslocal to promote Victorian food andbeverages. seek ways ofworking with Tourism Victoria Victoria’s representative officein Tokyo and Continued toprovide supportto Tourism and MooneePonds West School. Primary Ozford School College,HuntingdalePrimary Beaconhills College,anELICOSprovider, March 2011. Participating schools were and mediacoverage throughoutJapan in newspaper, resultinginextensive television

other sectors Significant investorexportoutcomesin > Access Program > > Supporting Victoria’s lifesciencessector > communications (ICT)sector. Supporting Victoria’s informationand > > > Ministerial visits Whole-of-Victorian Government activitiesand > > > > > > > > > Australian OrganicHoney Company. Printboard, SouthernUnitedFisheriesand Access Program,resultsfrom withnotable Assisted 36 Victorian companiesunderthe in Tokyo inMay 2011. address thepost’s Investment Seminarheld Chief ScientistfromMurray Goulburnto biotechnology sector. The VGBO invited the them about Victoria’s expertise inthe pharmaceutical companiestoinform Continued toreach outtoJapanese Initiative Forum. Association andtheNanoBusinessCreative Built relationshipswiththeJapan Bioindustry reinvestment strategy. market intelligenceback toDBIaspartofa Hitachi andothers,provided timely with key ICTinvestors, such asNEC, ongoinghigh-level Maintained engagement of themajorprojects. conduct feasibility studies andassessments visits to Victoria throughout 2010-11 to and energyagencieswhich have undertaken Government delegationsfromthekey coal Facilitated anumberofJapanese of Victorian brown coalinOctober2010. research on efficientandlow-emission uses Industries forDepartment ofPrimary joint Technology Development Organisationand Japan’s New EnergyandIndustrial whichUnderstanding was signedbetween Supported aMemorandumof research. development, projectdevelopment and joint Victoria -Japan coalandenergypolicy toprovide supportof Industry of Primary The VGBO works withtheDepartment expected in2011-12. to demonstrationscaleprocessingare through majormilestones.Commitments led by Japanese consortiahave progressed Various coal-processingandCCSprojects

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 115 Cash-rich companies are now looking companies are now Cash-rich in facilities at rebuilding their damaged in to invest the north and/or continuing With risk. to diversify emerging markets supplies, food safe the radiation threat to related processing and agribusiness, food supplies companies are seeking alternative offshore. and/or to invest rate and labour high exchange Australia’s Victoria to for it difficult costs makes However, compete with emerging markets. our robust regulatory framework safety, food and a stable political and economic on focus The are still attractive. environment the dangers of nuclear radiation promotes forms alternative to develop greater efforts coal. brown Victoria’s of energy utilising companies still take a longer- Japanese and maintainterm view a strong R&D their and expand seeking to diversify focus collaborations internationally. for three days closed its office VGBO The It took some the earthquake. following was able to make the office before weeks A number of clients hadcontact with clients. the disasters. by operations affected On 11 March 2011, Japan was hit by a hit by was Japan 2011, March On 11 in the northern 9 earthquake magnitude a tsunami and by part of Honshu, followed This threat. an ongoing nuclear radiation stretched to divert having resulted in Japan victims and rebuild theresources to help the northern region. > > > > > > > The Great East Japan Earthquake and Tsunami Japan Earthquake and The Great East >

Victoria was represented at the Korean was Victoria Korea the held by Fair Investment Overseas in SeoulAgency Promotion Trade-Investment 2011. in May Participated in the Commonwealth in the Commonwealth Participated mission in automotive Government’s December 2010. Supported the Embassy’s Australia Japan Australia Supported the Embassy’s Goodwill Dinner held in support of the Earthquake victims of the Great East Japan Prime Australian the by Tsunami, hosted and April 2011. Gillard in the Hon. Julia Minister, Participated in the joint Commonwealth/ in the Participated Clean Coal Mission ledState Government Energy the Department of Resources, by visit focused This 2011. in June Tourism and a range of projectson possible support for companies/ Japanese being undertaken by consortia engaged in clean coal technology development. Visited the Busan City Government to the Busan City Visited Government Victorian hold discussions around the Expo Yeosu participation at Government’s 2011. in May 2012 Aichi Prefecture signed an MOU with MOU signed an Prefecture Aichi on arts and cultural Victoria the State of 2011. in July exchange Hosted a visit to Aichi Prefecture by Prefecture Aichi to Hosted a visit the Deputy Department of Secretary, Sustainability who and Environment, Biodiversity addressed the COP 10 held in October 2010. Convention Prefecture, Aichi of then Governor The a delegation ofMr Masaaki Kanda, took 2010 60 members to Melbourne in July over Anniversary of in celebration of the 30th andVictoria Staterelations between the of Prefecture. Aichi > > > > > > > > > > and forming key relationshipsPromoting Victoria > in Korea > > Cooperation with Commonwealth Government > > > Promoting Sister State relationships with Aichi State relationships Promoting Sister and Busan DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 116 Rate of lost time claims per 100 FTE 100 per claims time lost of Rate Rate of standard claims per 100 FTE 100 per claims standard of Rate Number of lost time claims time lost of Number INCIDENTS &HAZARDS ote: The 2008-09 annual report referred to claims managed during the financial year, regardless of when they were lodged. lodged. were they when of regardless year, financial the during managed claims to referred report annual 2008-09 The ote: * days <30 plan Work to aReturn with claims % of WORKRETURN TO Rate Premium Department’s PREMIUM RATE claim standard per cost Average claims Fatalities FATALITIES FTE 100 per claims time lost of Rate 13 weeks exceeding claims of Number CLAIMS MANAGEMENT RESOURCE HUMAN 5 APPENDIX CLAIM COSTS Number ATIONAL HEALTH ANDSAFETY A. Rate per 100 FTE 100 per Rate Number of standard claims standard of Number

LAG INDICATORS

N financial year. each during financial lodged claims on report will Department the 2009-10 from 22B, Direction Reporting Financial with accordance In OCCUP OH&S managementmeasures. The Department’s performance against

*

0.690455 2008-09 $830 0.00 2.75 0.51 0.10 0% Nil Nil 27 5 1 0 0.864950 $17,087 2009-10 75% 0.40 0.20 0.10 2.12 Nil 21 2 1 4 1.000723 $24,869 2010-11 100% 0.52 3.51 0.13 0.13 Nil Nil 27 1 1 4 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 117 2010-11 Revised workplace inspection program commenced June 2010. A total of 20 workplace inspections have been conducted at DBI sites across Victoria. A range of facility-related issues have been addressed through the process. inspection workplace provided. signage safety first-aid and Additional Current material safety data sheets have been provided via the DBI intranet. Additional defibrillators have been provided at a number of sites. No PINs issued. issued. notices No Online OH&S training module is mandated for new all employees and contractors. A new people manager OH&S training packageis under development for launch in late 2011. Workplace OH&S induction checklist for managersincluded in On-boarding & Induction Guide. Checklist regularly reviewed and updated. Completed by HSR following election to role. Facilitated annually on site for HSRs (November 2010). Representative Designated Work Groups (DWGs) established; Health Health (DWGs) established; Groups Work Designated Representative and Safety Representatives (HSRs) elected for DWGs; OH&S Committee, chaired by Deputy Secretary Corporate Services & Communications, meets quarterly. Policy statement displayed on DBI intranet. OH&S Strategy for developed. 2011-2013 Minutes of quarterly OH&S Committee meetings tabled at Strategy and Management meetings Team and published on DBI intranet. Standard contract agreements require contractors to observe applicable all industrial laws and awards in delivering services to the department. Issue Resolution Policies (IRP) and procedures are accessible via the DBI intranet.

LEAD INDICATORS OF OH&S MANAGEMENT LEAD INDICATORS Internal audits Internal TRAINING Induction Identified issues actioned arising from HSR Provisional Improvement Notices (PINs) notices WorkSafe People managers Contractors, temps and visitors 5-day training Initial HSR training Refresher HSR RISK MANAGEMENT Internal audits/inspections Evidence of agreed structure of Designated Work Groups, Resolution Issue and Safety Representatives and Health Procedures. Compliance with agreed structure on CONSULTATION DWGs, HSRs and IRP Evidence of OH&S Policy Statement OH&S Objectives Management reporting Senior to Regular Evidence of OH&S criteria in purchasing guidelines (including goods, services goods, (including guidelines and personnel) MANAGEMENT COMMITMENT MANAGEMENT DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 118 > > > > > > > including: including: of initiatives over thepast12 months, the Departmenthasundertakenarange focus onhealthandwellbeing. Accordingly, injury, andproactive holisticstrategiesthat information, effective systems toprevent appropriate occupationalhealthandsafety providing managersandemployees with We continuetosupportourgoalsby wellbeing atwork. that may affect theirhealth,safety and everyone tocontributedecisions employees onOH&Sissues,enabling with and meaningfulconsultation Embedding thisculture requireseffective as partoftheway we dobusiness. DBI seekstoembedhealthandsafety the Department. atalllevels and safety accountability of and we willcontinuetoreinforce health managers, employees andcontractors– commitment ofeveryone atDBI –people OH&S strategicobjectives requires the We recognisethatachieving our and injuries. protect ourpeoplefromworkplace illness safety culture andenvironment thatwill At DBI,ourgoalistofoster a health and > > > > > > > Strategy; and development ofthe2011-2013 OH&S sites andadditionaldefibrillators; anti-bacterial dispensersacross DBI and well-being resources,including provision ofadditionalhealth,safety performance development plans; Safety inmanager’s accountabilities inclusion ofOccupationalHealthand and Safety Representatives; inspections by managersandHealth conduct ofbiannualworkplace annual refreshertraining; Safety Representatives, including training completedby Healthand pro-active OH&Sstrategies; consider policyissuesanddevelop and review healthandsafety risks, and Safety Committee todiscuss quarterly meetingsoftheDBIHealth checks for employees; of comprehensive healthassessment site healthcoach, andtheintroduction seminars, anonlineprogram,on- Program, which includesregular Corporate Health& Wellbeing the Launch ofanew comprehensive

B.

PUBLIC ADMINISTRA promote aproductive andinclusive culture. values toguideemployee behaviour and The Departmenthasembracedthese Integrity, Impartiality & Leadership Responsiveness, Respect, Accountability, Organisational Values by HumanResources. intranet andthroughexpert adviceprovided principles ispromotedviapoliciesonthe conduct andthe VPS employment Information inrelationtopublicsector and procedures. Conduct, DBIvalues andrelevant policies obligation tocomplywiththeCodeof engagedbyconsultants DBIoftheir intranet toinform contractorsand There isadiscretesiteontheDBI Department’s values. by theCodeofConductand with DBIthatthey areexpected toabide advised priortocommencingemployment Master Vendorsare four VPS-approved Agency personnelengagedthroughthe period. a probationary confirmation ofappointment following of thismoduleisapre-requisitefor expected of VPS employees. Completion rights, responsibilitiesandbehaviours andawareness understanding ofthe explores ethicalissues,andpromotes The onlinecompliancemodule a new On-boarding&InductionGuide. an onlinelearningmoduleandthrough new employees oftheDepartmentvia The CodeofConductispromoted to performing employees. diverse high- teamoftalented, develops, motivatesa andretains an organisationalculture thatattracts, At DBI,we arecommitted todriving Driving PublicSectorValues EMPLOYMENT PRINCIPLES recorded workplace incidents andinjuries. WorkCover claimsandalow rateof environment, asdemonstrated by minimal record inproviding asafe andhealthy work The itsstrong Departmenthasmaintained > > Week activities. with the TAC aspartof WorkSafe a Driver Safety Forum, inpartnership TION VALUES AND

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 119 AIRS Women Stepping Up Program Stepping Women commitment part of the Department’s As of our to the continued development Stepping Women the employees, female 2010 commenced in March Up Program and concluded with a graduation ceremony program development This in October 2010. who had aimed primarily at women was completed tertiarynot previously studies, with post- although interested women secondary also participated in qualifications the program. women program aimed to motivate The their leadership, through developing communication, networking and who interpersonal skills. Participants successfully completed the program a nationally-recognised also achieved Certificate IV or Diploma qualification Twenty-five University. through Swinburne participants from across the Department successfully completed the program. Network Forums Women’s are Network Forums Women’s internal The of a well-established and popular feature Guest Diversity Program. the Department’s months have the past twelve in speakers AM, Open Kirner included the Hon. Joan Maria Katsonis, and the Minds Convenor MP. Asher Hon. Louise these following feedback employee The particularly is continually positive, events around the learnings gained from senior andleaders sharing their experiences with attendees. perspectives WOMEN’S AFF greater customer and stakeholdergreater customer increased morale, improved connection, and and satisfaction, wellbeing employee and retain talentedthe ability to attract of economic change. people during times respect diversity also demonstrates Valuing to others, reflecting our commitment for VPS Code and the values the Department’s of Conduct. months the last twelve over Achievements included the have in the Diversity Program and participation incoordination, promotion aimed events a broad range of employee among diverseat increasing engagement as people with populations, such employee and linguistically diverse cultural disability, Aboriginal and and women employees, Strait Islanders. Torres

F.

established in 2005. The established in 2005. relevant learning and development learning and development relevant programs. performance management systems management systems performance and non-Executive); (both Executive job for position descriptions and advertisements; > > > DBI is committed to the employment and to the employment DBI is committed engagement of people from a diverse At DBI, 'diversity' range of backgrounds. our people in which includes all the ways recognise the valuable and we differ, bring dividend that all of these differences to our Department. there is strength and success DBI believes as and utilising our differences, in valuing greater innovation, it enables us to foster stronger team-based problem solving, The Department’s issue resolution Department’s The to the to conform process is structured Actions) of (Review Administration Public Regulations on early process focuses Department’s intervention resolution and informal were There possible. processes, wherever six issues lodged in 2010-11. FROM ADVERTISEMENT and selection processes Recruitment uphold merit and equity fully and are operational within the Department. Policies, guidelines and associated documentation enshrining merit and equity to continue be promoted through training, marketing by advice provided material and expert roles are Vacant Human Resources. internally and then, if necessary, advertised of the best field to attract externally applicants, and merit selection applies. from vacancies authorityThe to exempt rests with the Secretaryadvertisement and/or authorised delegates in prescribed circumstances. > Department recognises thatThe create will help to living these values that is workplace a high-performance relationships and positive by characterised others.respect for > > The values are progressively being are progressively values The resource into a range of human embedded activities, including: DIVERSITY ISSUE RESOLUTION SELECTION ON MERIT / EXEMPTIONS

E. D. C. DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 120 G. H.

INDIGENOUS COMMUNITIES YOUNG PEOPLE career pathways for youth. provide employment opportunities and endeavour tohelpbuildtrainees skillsand participate inthe programand VYP The Departmentwillcontinuetoactively valuable on-the-jobtraining. diverse undertaking rolesthatprovide and clericalcategory, withtrainees administrative, information technology of majority placementsareinthe VYP andregional metropolitan Victoria. The offices andin TAFE Collegesinboth 50 traineeshipplacementsacrossits In 2010-11, theDepartment accepted employment each goalsandtargets year. and remainscommitted tomeetingthe Employment Scheme) sinceitsinception, program(formerlyVYP known asthe Youth The Departmenthasparticipatedinthe Victoriaworks forYoung People(VYP) Action Plan2010-2015. Employment andCareerDevelopment Yirramboi Victorian Aboriginal Public Sector Strategy inresponsetotheKarreeta developing anIndigenousEmployment The Departmentisalsocurrently from anotherdepartment. valued theopportunity tojoinwithstaff was well received andthatattendees FeedbackCatering. indicated that the forum treated tolunch preparedby Black Olive Australia. After theforum, attendees were by Adam Mooney fromReconciliation Generations, andalsoapresentation who were bothpartoftheStolen stories fromKutcha andEva Jo Edwards, departments. The event includedpersonal by about60employees fromboth as MC,andwas attendedGarwood The forum featured DOT Executive Terry all Australians. work towards ittogetherfor thebenefitof what reconciliationmeansandhow we can Aboriginal families,about andthen to talk Generations andtheimpactexperienced by abouttheStolen understanding The goaloftheforum was toincrease the Departmentof Transport (DOT). Forum on30May 2011 inpartnershipwith Department heldaReconciliation Week and Torres StraitIslanderpeoples,the culture andachievements of Aboriginal recognising andcelebratingthehistory, As partofitscontinuedcommitmentto

TURALLY &LINGUISTICALLY DIVERSE I. J.

CUL COMPLIANCE WITH 2006. in threemainways by ensuringthat: harness theeconomicbenefitsofdiversity reflects theDepartment’s commitmentto was endorsedattheendof 2009. The Plan DBI’s Cultural DiversityPlan2009-2012 COMMUNITIES include: Achievements fromthelasttwelve months to completion. current DAP anddrive actions outstanding toreviewbeen established andrevise the a new Disability Working Grouphasalso 2011,result ofaprogressreportinJanuary the Department’s 2009-2012 DAP. As a rollout offurtherinitiatives andactionsfrom been reinforced during2010-11 withthe workforce forhas peoplewithadisability DBI’s commitmenttoamoreinclusive in theirannualreport(s.38). oftheirDAPreport ontheimplementation Action Plan(DAP) andthatdepartments public sectorbodiesprepareaDisability 2006 Act The Disability . 2004 ActMulticultural Victoria Commission asrequiredby the annually tothe Victorian Multicultural its achievements inmulticultural affairs The Departmentprovides afullreporton > > > > > > > > > > approach tocultural diversity. and practicesreflectabest-practice DBI’s internalprocesses,systems growth anddevelopment; and programs asanassetthatencourages promoted incurrent andfuture cultural diversityisrecognisedand awareness, accessandutilisation; regard tocultural diversityintermsof DBI’s pay due programsandservices accessibility standards. accessibility and implementedinaccordance with look andfeel (design)was developed Forstandards. theintranet,anew completed against WoVG accessibility websites andintranetsiteswere Audits internet onallDepartmental disability. improving for accessibility peoplewith specialist trainingandadviceon Network onDisability, which provides membership withthe Australian The Departmentcontinuedits THE DISABILITY ACT THE DISABILITYACT requires that all requires thatall DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 121

During the 2010-11 financial year, 326 year, financial During the 2010-11 45 DBI learning and participants attended calendar workshops. development Mentoring is often cited by corporate cited by Mentoring is often factor leaders and the community key as a DBI development. in successful workforce VPS departments is one of a number of that has implemented a mentoring program and personal, professional to help achieve organisational goals. aims to inspire Program DBI Mentoring The of higher levels for to strive employees of an through the development performance ongoing relationship with mentors who can goals. help them realise their professional since 2002- has been running program The from03 and continues to gain momentum the program During 2010-11, to year. year participants (70 a total of 140 attracted mentees and their mentors) – approximately per cent of the workforce. 14.4 COACHING PROGRAM (LPCP) COACHING DBI-wide a key LPCP has been The the leadershipprogram aimed at enhancing people managers capability DBI’s of and individualto meet business needs needs; acquire a set of development interaction skills; and realise their proven – a leader whorole as a catalyst leader inspires others to act. Resources Human 2011, June at 30 As the LPCP outhas successfully rolled the 85 per cent of to approximately Additional people managers. Department’s also been implemented programs have as part of HumanVictoria across Skills strategy to support the Resources’ transition into the Department division’s of Education and Early Childhood (DEECD). Development strategies including postEvaluation sustainabilityprogram surveys, planning session data, leading indicator surveys, reporting and participant consultation OPAL Human Resources are being utilised by strategic advice to Deputyto provide Secretariestransition and to support the of LPCP learning outcomes into the program roll-out, strategicThe workplace. will continue into advice and evaluation 2011-12. LEARNING & DEVELOPMENT MENTORING PROGRAM LEADERSHIP PERFORMANCE & LEADERSHIP

O. N. M. TED DEVELOPMENT Disability Confidence for HRDisability Confidence provided training was Professionals team in human to the recruitment resources. The Department’s TTY contact Department’s The people with a hearing for information impairment has been or speech in line the DBI website on reformatted online content. with best practice for The Department worked with Department worked The the Disability provider, WoVG the Advisory Service, Employment on of people and retention recruitment with disability. > > > PROGRAM (ADP) and feedback a result of the positive As ADP from the 2009 value-add and 2010 steps incohorts, SMT agreed the next ADP will include discussionrelation to the between DeputyADP Secretaries and participants in relation to the program and the introduction of further development skills, principally to expand opportunities activities.through more collective and management of Development the activities for continued development project for remaining cohort will be a key Human Resources. DEVELOPMENT SCHEME Service Public Victorian Graduate The Scheme and Development Recruitment the Department with a(GRADS) provides source of high-potential candidatesvaluable with a variety of academic qualifications and experience. continued commitment Department’s The a to utilising GRADS to build and develop thetalent demonstrated by pipeline was and selection of six graduates recruitment program. Of these, five the 2010 for been appointed to ongoing graduates have positions in the Department, following successful completion of the twelve-month program in January 2011. five Department has recruited The intake (with graduates as part of the 2011 machinery- three remaining in DBI following and will host a changes), of-government further six graduates on rotation during the program. course of the 2011 > > > DBI ACCELERA GRADUA

L. K. &TE RECRUITMENT DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 122 P. TIONAL COMPETITIONPOLICY S. R. Q.

SUPERANNUA NA DISCLOSURE OFMAJORCONTRACTS DECLARA > unless itcanbedemonstratedthat: proposals, shouldnotrestrictcompetition that legislation,includingfuture legislative Policy, the guidinglegislative principle is competition. UnderNationalCompetition reform allexisting legislative restrictionson agreed toreview and,whereappropriate, (Commonwealth, and State Territory) In 1995, all Australian Governments online atcontracts.vic.gov.au. Government guidelines,andcanbeviewed Freedom ofInformation Act 1982 , and/or in accordancewiththeprinciplesof ofmajorcontractsaredisclosed Details contracts greaterthan$10 millioninvalue. the Departmentdidnotenterintoany During theyear ended30June 2011, orsubsidiary: authority Shares heldby seniorofficers inastatutory declaration for thefinancial year. relevant officershavea completed interest, for declarationofpecuniary In accordancewiththegeneralguidelines including VicSuper.choice, complying accumulationfundoftheir their employer contributionsmadetoany employees areabletonominatehave Superannuation. Since1994, allnew andState division ofEmergencyServices Superannuation Office,now an operating are administeredby theGovernment New or Transport schemes. These schemes benefits schemes such asthe Revised, prior to1994 aremembersofdefined Department employees whocommenced The Department continues to comply The Departmentcontinuestocomply > > Competition Policy. with therequiresofNational > > > subsidiary. or authority inastatutory beneficiary No officersholdsharesasnomineeor competition. only beachieved by restricting the objectives ofthelegislationcan costs; asawholeoutweigh the community the benefitsofrestrictionto TION OFPECUNIARYINTEREST TION SCHEME TION SCHEME

promoted onanongoingbasis. about humanrightsisencouragedand rights traininguponinduction,andeducation Staff intheDepartmentparticipatehuman withtheCharter.their compatibility assessment ofnew legislation andpoliciesfor The Departmenthasaprocess for the government whenitdelivers services. rights aretakenintoaccountby the andensuresthathuman decision-making, participationingovernment community humanrights,promotes fundamental The Charterreinforces theprotectionof departments andagencies. all publicauthorities,includinggovernment Charter) hasbeenfullyoperationalacross of HumanRightsandResponsibilities (the the 2008, Since 1January Victorian Charter CHARTER RESPONSIBILITIES AND RIGHTS HUMAN 6 APPENDIX > > > request are: In summary, therequirementsfor makinga the Freedom ofInformation,ins17 asdetailed of through written applicationtotheManager, Access todocumentsmay beobtained MAKING ANAPPLICATION Administrative Tribunal. application proceededtothe Victorian Civiland no new internalreview applications,andone and mediaoutlets. The Departmentreceived the remainderwere fromthecommunity 13 were fromMembersofParliament and received 32applications.Oftheserequests, ending 30June 2011, theDepartment held by theDepartment.For the12 months the publicarightofaccesstodocuments The FREEDOM INFORMATION OF 7 APPENDIX > > > certain circumstances). certain application fee (thefee may bewaived in it shouldbeaccompaniedby theappropriate documents beingrequested;and it shouldidentifyasclearlypossiblethe it shouldbeinwriting; Freedom of Information 1982 Act Freedom of Information 1982 Act

. allows allows DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 123 , the

applies to construction,

Building Act 1993 developing and maintaining a skilleddeveloping printed electronics; and for workforce and training from world in-house research leaders in stadium construction. of those projects where local content of an average provided, was information 80 per cent local content outcome was recorded; and of those projects where employment a total provided, of 487 new outcomes were created.full-time jobs were training; and technology supplier development securing the local supply chain in the carbon in the local supply chain securing the sector; fibre manufacturing > > > > > > > ($16.0 million) and two projects in regional ($16.0 ($3.8 million).Victoria outcomes reported from theThe as follows: VIPP were implementation of the APPENDIX 9 COMPLIANCE WITH THE BUILDING ACT Departments and funded All government agencies are required to comply with the requirements of the Building Act 1993 During 2010-11, the Department completed During 2010-11, to million in value, projects totalling $19.8 four included twoThis applied. VIPP was the which projects in metropolitan Melbourne > > in termsVictorian economy benefits to the The included: transfer of skills and technology > > and statutoryAustralia Building Code of government. obligations set by The > > The commitments to the Victorian economy in economy Victorian the commitments to The include: transfer and technology terms of skills > and refurbishment of demolition, removal capital projects, and the Building Code of relates to standards building set for Australia regulations.

. requires departments and public Victorian Industry Participation Policy Policy Participation Industry Victorian of 57 full-time equivalent positions for of 57 full-time equivalent committed, apprentices/trainees were including the creation of 33 new apprenticeships/traineeships and the apprenticeships/ retention of 24 existing traineeships. of those projects where apprenticeship/ a totaltraineeship targets provided, were of those projects where local content average an provided, was information per cent local content commitment; 74.3 targetsof those projects where employment a total of 3,887 full-time provided, were including committed, jobs were equivalent jobs and thethe creation of 1,641 new jobs; andretention of 2,246 existing > > > > > > The The Act 2003 APPENDIX 8 OF THE IMPLEMENTATION VICTORIAN INDUSTRY POLICY PARTICIPATION bodies to report on the implementation of the (VIPP). Industry Policy Victorian Participation toDepartments and public bodies are required at $3 millionVIPP in all projects valued apply or more in metropolitan and for Melbourne forstatewide projects, or $1 million or more Victoria. projects in regional commenced the Department During 2010-11, projects totalling to which $278.1 million 18 inwere VIPP applied. Of those projects, 13 the metropolitan million), four Melbourne ($253.5 million), and one ($16.1 Victoria in regional were project ($8.5 million). a statewide was from the expected outcomes The VIPP to these projects implementation of the are as follows: Melbourne VIC 3000 be lodged online at Applications can also Requests for documents in the possession of documents in the for Requests should of Business and Innovation Department to: be addressed and Privacy of Information Freedom Manager, and Innovation Department of Business Exhibition Street 121 31, Level foi.vic.gov.au apply once also may charges Access been processed and a documents have example made; for decision on access is charges. and retrieval and search photocopying of regarding Freedom information Further at foi.vic.gov.au. can be found Information DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 124 19 August2011 Department ofBusiness&Innovation Acting Secretary Business andInnovation hasbeencriticallyreviewed withinthelast12 months. Risk and Audit committeeof verifies thisassuranceandthattheriskprofileofDepartment that enablestheexecutive manageandsatisfactorily tounderstand, controlriskexposures. The Standard Zealand Risk Management management processesinplaceconsistentwiththeAustralian/New I, Alf Smith, Acting Secretary, certifythattheDepartmentofBusinessandInnovation hasrisk RISK STANDARD MANAGEMENT ZEALAND ATTESTATION AUSTRALIAN/NEW THE WITH FOR COMPLIANCE 10 APPENDIX Alf Smith (AS/NZS AI0 31000:2009 oritssuccessor)andaninternalcontrolsystem isinplace

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 125 % -5% -5% -3% +1% +5% +3% FROM 2009-10 CHANGE 86 203 0.56 0.23 TOTAL TOTAL 12.42 19.46 2009-10

202 NON N/A N/A N/A N/A 0.39 OFFICE 2009-10 86 203 0.58 0.23 11.53 19.46 OFFICE 2009-10 91 209 0.52 0.22 TOTAL TOTAL 19.69 12.02 2010-11 203 NON N/A N/A N/A N/A 0.39 OFFICE 2010-11 Where Regional Development Victoria staff Victoria Development Where Regional Exhibition are co-located with DBI at 121 been included have Street, Melbourne, they in this report. from data extrapolated were Waste limited samples that are not statistically representative and should be read with caution. > > > > 91 210 , 0.55 0.22 11.05 19.69 OFFICE 2010-11 2 2 -e / 2 Reams / FTE t CO kg / FTE kL / FTE kL / M MJ / M 1,000km

Skills Victoria moved from DBI to the moved Victoria Skills Department of Education and Early (DEECD); and Childhood Development moved Victoria Development Regional from DBI to Department of Planning and (DPCD). Community Development » » To make data comparable, 2009-10 data data make comparable, 2009-10 To has been adjusted to reflect the above changes. machinery-of-government has beenVictoria Data relating to Skills DEECD. reported by The following two machinery-of-government two machinery-of-government following The could have during 2010-11 changes environmental impact: influenced DBI’s » » > > > > > Explanatory notes: > PAPER PAPER Units of copy paper used per full time equivalent Greenhouse gas emissions from operational vehicles per 1,000 km travelled WASTE Units of waste produced per full time equivalent TRANSPORT WATER WATER Units of metered water consumed per full time equivalent Units of metered water consumed per unit of office space Units of energy use per unit of office space WATER SUMMARY TREND TABLE OFFICE-BASED ENVIRONMENTAL IMPACTS has been prepared in information following The Directive Reporting accordance with Financial 1994 Act Management 24C, of the Financial to be reported for requires information which full-time equivalentsites with ten or more employees. APPENDIX 11 ENERGY DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 126 Non-office tenancy tenancy Non-office and locations. Bundoora Office tenancy Office equivalent reported time all full of Percentage purchased purchased Percentage of GreenPower space office of unit per used energy of Units Percentage of all sites reported equivalent time full per used energy of Units segmented by primary source associated with energy use, emissions gas Total greenhouse source segmented by primary usage energy Total ENERGY USE – This data includes electricity use by the Department at 121 Exhibition St, 80 Collins St, 55 Collins St, 505 Little Collins Street and Dandenong and Street Collins Little 505 St, Collins 55 St, Collins 80 St, 121 Exhibition at Department the by use electricity includes data –This

– This data includes non-office tenancy electricity use by the Department (bookshop, shop front, and two training and conference centres). conference and training two and front, shop (bookshop, Department the by use electricity tenancy non-office includes data – This energy use: education campaign. Conduct atleastoneenergyreduction 2011-12 Target: > > > Actions undertakenduringtheyeartoreduce conventional electricity) GreenPower ie (non- Electricity (GreenPower) Electricity conventional electricity) GreenPower ie (non- Electricity > > > promote andparticipateinEarthHour2011. appliances etc;and devices, purchasing ofenergy-efficient mode-enabled printersandmulti-function room doors),automaticswitch-off, sleep useofsensorlights(closingmeeting e.g. ensure energyefficienciesaremaximised conduct staff energyreductionchallenges;

MJ /FTE MJ MJ /M2 MJ t CO MJ MJ 2 % % % -e 2,656,538 875,215 OFFICE 4,365 1,004 210 89 97 25

326,954 2010-11 89,762 OFFICE NON- N/A 203 124 > > > Explanatory notes: 22 11 > > > 3 machinery-of-government changes. been recalculatedtoreflectdepartmental To makecomparable,2009-10 data has data equivalent staff have beenincluded. only locationswithtenormorefulltime As perFinancialReporting Directive 24C, report. isunavailable data attimeofpreparingthis Extrapolation hasoccurred for siteswhere 2,983,492 964,977 4,765 TOTAL 1,127 209 100 100 25 2,501,193 816,715 OFFICE 4,081 894 203 86 97 25 325,834 89,389 2009-10 OFFICE NON- N/A 202 119 22 14 3 2,827,027 906,104

4,471 TOTAL 1,012 203 100 100 24 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 127 7 14 14 76 65 86 83 84 5,929 2009-10 2009-10 2009-10 11,649 54,451 72,029

9 15 74 16 91 79 67 83 7,358 2010-11 2010-11 2010-11 78,010 13,244 57,408

-e % % % kg kg kg kg 2 t CO kg FTE / kg FTE / kg FTE / kg FTE / Waste audits were carried out at carried audits were Waste only. Exhibition Street, Melbourne, 121 Data from two independent, five- extracted audits conducted in November waste day commingled covering 2011, and May 2010 recycling, organic recycling, landfill and secure paper streams. data has data make comparable, 2009-10 To been recalculated to reflect departmental and the changes, machinery-of-government audit methodology. waste 2010-11 > > > Explanatory notes: > > >

continue membership of Green Collect. carry audits; out two waste cartridges, computer toners, recycle CDs and equipment, corks, batteries, promote Stationery (used stationery); Bank and encourage staff to use reusable cups; encourage staff education campaigns; conduct waste mobile phones; > > > > > > Percentage of all sites reported sites all of Percentage Percentage of full all time equivalent reported > 2011-12 Target: of all 85 per cent diversion achieve To from landfill to a recycling material waste stream. waste > > > Greenhouse emissions associated with waste disposal-based disposal-based waste with associated emissions Greenhouse on weighted average of audits all waste: Actions undertaken during the year to reduce > > Recycling rate Recycling Units of recycling of Units Units of recycling per full time equivalent Units of organic recycling per full time equivalent WASTE PRODUCTION WASTE Units of landfill per full time equivalent Units of organic recycling landfill of Units Total units of waste disposed of Total units of waste produced per full time equivalent DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 128 Percentage 0-50% recycled content copy paper purchased purchased paper copy content recycled 0-50% Percentage Percentage 50-75% recycled content copy paper purchased Percentage 75-100% recycled content copy paper purchased equivalent time full per used paper of Units Total units of paper used paper of units Total PAPER USE Percentage of all full time equivalent reported equivalent time all full of Percentage Percentage of all sites reported paper usage: > > Explanatory notes: reams perFTE. To reducepaperconsumptiontobelow 19 2011-12 Target: > > > Actions undertakenduringtheyeartoreduce > > > > > machinery-of-government changes. been recalculatedtoreflectdepartmental To makecomparable,2009-10 data has data equivalent staff. required reportingthresholdoftenfull-time included locationsthathave lessthanthe Reporting Directive 24C.DBIhasalso across alllocations,asperFinancial The above includesDBIstaff, paperdata content of75percentormore. A4 papertobepurchased thathasrecycled contractonly allows for ensure thestationery devices default toduplex. printersandmulti-function ensure allsuitable single-sided usedpaper. create notepadsfromoldletterhead and Reams /FTE Reams Reams % % % % %

16,951 2010-11 19.69 88.5 11.3 100 100 0.2 16,252 2009-10 19.46 100 100 82 10 8 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 129

100 100 100 100 0.51 0.55 of TOTAL TOTAL 12.42 12.02 9,948 OFFICE OFFICE 2 10,372 & NON-OFFICE & NON-OFFICE 2 2 3 3 11 14 N/A 0.97 0.39 0.39 1,015 1,008 NON-OFFICE NON-OFFICE BUILDINGS (BASE BUILDING AND NON- BUILDING AND NON- OFFICE TENANCY USE) OFFICE TENANCY USE) LEASED LEASED BUILDINGS (BASE

1 1

97 97 89 86 0.55 0.58 Extrapolation has occurred for sites where for Extrapolation has occurred at time of preparing thisdata is unavailable report. data has data make comparable, 2009-10 To been recalculated to reflect departmental changes. machinery-of-government 24C, Directive per Financial Reporting As only locations with ten or more full time been included. have staff equivalent 80 Collins Street is not separately metered. use is apportioned as per the M Water the occupancy. Some of these locations are Some the occupancy. shared with operational functions. 11.05 11.53 9,357 8,940 OFFICE OFFICE > > > > > >

LEASED BUILDINGS LEASED BUILDINGS (BASE BUILDING AND (BASE BUILDING AND OFFICE TENANCY USE) OFFICE TENANCY USE)

2 2 % % % % kL kL kL / M kL / M kL / FTE kL / FTE

Leased Buildings - Base building & office tenancy usage only – This data includes base building and office tenancy water use theby Department calculated on its Net Lettable Area of tenancy at Exhibition 121 St, 80 Collins Street, Street, 55 Bundoora locations. and Dandenong CollinsCollins St, 505 Little tenancy use by the Department (bookshop, shop front, and two training and conference centres). L Water from 121 Exhibition Street, 55 from 121 Water Collins Street and Collins Street, 505 Little promote World Water Water Day promote World 2011. improve data collection methods; improve of water-efficient promote the purchase appliances; and

> > > >

Percentage of full all time equivalent staff reported Percentage of all sites reported sites all of Percentage Percentage of full all time equivalent staff reported 1 Units of metered water consumed per full time equivalent Total units of metered water consumed reported sites all of Percentage POTABLE WATER POTABLE WATER POTABLE Units of metered water consumed per full time equivalent Total units of metered water consumed 2 eased Buildings -Non-office base building and tenancy usage only – This water data includes base building and non-office Units of metered water consumed per unit of office area WATER CONSUMPTION 2009-10 WATER Units of metered water consumed per unit of office area WATER CONSUMPTION 2010-11 CONSUMPTION WATER > > 2011-12 Target: conservationConduct at least one water education campaign. Explanatory Notes: water use: > > Actions undertaken during the year to reduce DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 130 vehicle fleet fleet vehicle from emissions gas Greenhouse Total operations operations with entity associated travel vehicle Total TRANSPORTATION vehicles vehicles consumption by Total energy BY VEHICLETYPE travelled travelled per 1,000km fleet vehicle from emissions gas Greenhouse t CO 1,000km t CO MJ km 2 2 -e / / -e -e (INC HYBRID) 4 CYLINDER 1,422,018 508,264 0.20 95

6 CYLINDER 1,793,339 (LPG AND (LPG AND 508,194 0.23 ULP) 109 2010-11

VEHICLE POOL) GOVERNMENT GOVERNMENT 498,756 219,276 VICFLEET (STATE 0.18 33

1,235,734 3,714,113 TOTAL 0.22 237 4 CYLINDER 1,791,780 615,745 0.22 133 6 CYLINDER 1,996,337 554,531 0.24 135 2009-10 VEHICLE POOL) GOVERNMENT GOVERNMENT 283,630 VICFLEET 90,206 (STATE 0.23 20

1,260,482 4,071,747 TOTAL 0.23 288 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 131 *

78 2009-10 3,452,135 87 2010-11 2,062,302

% km Includes data from all locations. Promote use of re-use stationeryPromote bank. A4 white paper with 80% or Purchase content and re-manufactured greater recycle toners. procurement of energy starPromote and Efficiency Labelling Standard (WELS) Water rated equipment. Include environmental section in 'Request Tender' for Quote' and 'Request for templates. > > > > > Explanatory notes: > > > 2011-12 Target: 40 per cent of total stationeryThat spend for environmentally friendly stationeryis for products. PROCUREMENT Purchasing Policy: Environmental Government’s > >

air travel.air 2 Fleet data includes DBI staff, across all Fleet data includes DBI staff, Directive Reporting Financial per as locations, 24C. DBI has also included locations that less than the required ten full-time have staff. equivalent Vic Fleet data for 2009-10 has been Fleet data 2009-10 Vic for use. Victoria Skills recalculated to remove Fleet data includes data from DBI operational fleet and the State(red plate) vehicle Fleet). It (Vic Pool Vehicle Government vehicles. officer executive excludes promote use of sustainable transport and and walking) (public transport, cycling Days; Work to Walk participation in Ride and and promote video and tele-conferencing; User Group workshops. support Bicycle in 2010-11 DBI purchased carbon offsets to offsets carbon DBI purchased in 2010-11 air travel; all 2009-10 overseas offset > > > > > > >

> Explanatory notes: > > > > > 2011-12 Target: increase the percentage of full time To to work regularly travelling equivalents using sustainable (public transport methods to 90 per cent. and walking) transport, cycling Action taken during the year to reduce energy use inAction taken during the the vehicle fleet: > Total distance travelled in kilometres PUBLIC TRANSPORT Percentage of full time equivalent regularly (>75% of work attendance days) using publictransport, cycling, or walking to and from work * 009-10 air travel data cannot be compared 2009-10 to 2010-11. data is unable to be recalculated, and includes Skills Victoria AIR TRAVEL DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 132 Greenhouse gas emissions offsets purchased purchased offsets emissions gas Greenhouse operations Greenhouse emissionsOther departmental with associated fleet vehicle with associated emissions Gas Greenhouse Total Total operations Greenhouse emissions departmental with associated disposal waste with associated emissions Gas Greenhouse Total Total Greenhouse Gas emissions associated with energy use use energy with associated emissions Gas Greenhouse Total GREENHOUSE GASEMISSIONS > > less that0.21tonnesofCO To reducegreenhousegasemissionsto 2011-12 Target: > > > > emissions: Action takenduringtheyeartoreduceGreenhouse travel. air international 2009-10 its offset to offsets carbon of tonnes 692 purchased n 2010-11 DBI 1 Explanatory notes: executive operationalvehicle fleet(redplates). associated withtheDepartment’s non- Total Greenhouse Gas emissions associated with air travel travel air with associated emissions Gas Greenhouse Total

> > > > > > carbon price. carbon price. Farming Initiative (CFI)andanational such asthe Commonwealth Carbon ensure ittakesintoaccountnew proposals to assessitseffectiveness todate andto commitment iscurrently beingevaluated, for travel and2008-09. during2002 This Government’s passengervehicle fleet to cover theemissionsof Victorian Environment purchased carbonoffsets and The DepartmentofSustainability recalculated, andincludesSkills Victoria to 2010-11. 2009-10 isunableto be data 2009-10 airtravel cannotbecompared data commingled andpaper). promoted useofrecycling streams(organic, purchased GreenPower; and vehicles; promoted useofbiofuelsinoperational promoted low-emissions transportoptions; air travel. I

2 e/1,000 kms kms e/1,000

t CO t CO t CO t CO t CO t CO t CO 2 2 2 2 2 2 2 -e -e -e -e -e -e -e 2010-11 2,941 1,416 1,127 692 240 142 16 2009-10 2009-10 3,809 2,217 1,076 293 209 14 0 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 133 $000 2,007 2,007 87,290 35,833 36,075 547,549 547,549 176,202 976,622 969,834 (940,547) $000 2,008 41,460 81,539 81,897 171,060 478,642 1,504,965 1,504,965 1,543,940 (1,462,043) (654) $000 2,009 37,694 37,694 (21,751) 142,248 759,952 1,757,990 1,667,553 1,667,553 (1,720,296) The Department’s income from non- Department’s The million $41.5 sources increased by government as a result of increasedfrom the prior year residential land sales relating to the Kew development. is also reflected in a decrease in revenue The of expenditure. decreased level decrease in totalThe assets and total liabilities is primarily as a result of the machinery-of- mentioned above. transfers government $000 2,010 24,816 24,816 20,061 32,420 805,195 152,082 2,119,412 2,035,040 (2,086,992) $000 2,011 (7,557) 69,027 69,027 (6,714) (33,911) 558,578 1,279,454 1,383,093 (1,389,807)

FINANCIAL PERFORMANCE net result from transactions Department’s The million a deficit of $6.714 was 2010-11 for incompared with a surplus of $32.420 million deficit is largely due year current The 2009/10. Australian to timing in the recognition of the and expenses. revenue Trust Synchrotron from Government revenue Department’s The mainly as a result of than 2009-10 is lower of transfers the machinery-of-government to the Department of EducationVictoria Skills Regional and Early Childhood Development, to the DepartmentVictoria Development of Planning and Community Development Unit to the Workforce Sector and Public and Finance effective Treasury Department of the machinery- Excluding from 1 January 2011. carry-over increased there was of-government was million which of $10.9 in 2011 revenue receipts for Commonwealth lower by offset million. of $16.1 Victoria Skills NET RESULT FROM TRANSACTIONS NET RESULT FINANCIAL CONDITIONS FINANCIAL REVIEW OF AND OPERATIONS Five-year financialsummary APPENDIX 12 Revenue fromRevenue Government from transactions income Total expenses from transactionsTotal Total assets Total Net result for the period Net cashflow from operating activities Total liabilities DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 134 as follows. providedFinancial assistance in2010-11 was organisations. provided tocompaniesand assistance As inprevious years, theDepartmenthas ASSISTANCE RELATED AND GRANTS 13 APPENDIX deemed commercialinconfidence). payments have notbeendisclosed,asthey are ofindividualinvestment listed (details grant $39.5 millionwas paidtothe organisations In2010-11assistance. of financialassistance activities includefacilitative and financial The Department’s investment-attraction GRANTS INVESTMENT ANDINDUSTRY-RELATED

Woodbridge Australia Ltd GroupPty W Acacia Ltd RidgePty Venture Ltd CampbellfieldPty Universal Ltd BiosensorsPty Thales AustraliaLimited Primepak Manufacturing Ltd Pty Nissan Casting Australia Ltd Pty New ZealandMilk(Australasia) Ltd Pty Metalsa Australia Ltd Pty Ltd Pty Melbourne Precast ConcreteNominees John Holland Ltd Aviation Pty Services Limited Inghams EnterprisesPty IBM AustraliaLimited Ltd Hofmann EngineeringPty Hella Australia Ltd Pty Ltd Gippsaero Pty Futuris Automotive Interiors(Australia) Ltd Pty Ford MotorCompany of Australia Ltd FMP Group(Australia) Ltd Pty Electromold Australia Ltd Pty Denso Automotive Systems Australia Ltd Pty Cutting EdgePost Ltd Pty Ltd Pty Continental Ltd Composite MaterialsEngineeringPty Ltd Pty Carter HoltHarvey Woodproducts Australia BAE Systems Australia Defence Ltd Pty Aviation Training Australasia Ltd Pty Avalon Ltd No.1Pty Aerospace AustraliaLtd Aegis Australia Ltd Services Pty Organisation

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 135 2,260 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 20,000 20,000 95,000 95,000 32,000 32,000 45,000 45,000 210,000 210,000 204,350 204,350 838,604 838,604 TOTAL Department of Education and Early Childhood Development Enex Pty Ltd eVision Pty Ltd ExperimentaMedia Arts Inc Genix Ventures Pty Ltd Grid Telecom Pty Ltd Icon Global Link Pty Ltd ISOLAR Pty Ltd Learning Information Systems Pty Ltd Looksoftware Pty Ltd Money - Money 101 for Life Pty Ltd Pty Ltd NeoProducts nSynergy Pty Ltd Ozasia InternationalNetworks Pty Ltd Pty Ltd International PerformanceCentre Prosper Business Solutions Pty Ltd Red Consulting Tape Pty Ltd Sparx Systems Pty Ltd Systems of the Future (Australia) Pty Ltd InternationalTotal Tel Pty Ltd Victoria Tourism Department of Primary Industries Ltd SmartTrans

9,000 9,000 2,000 2,000 2,500 2,500 2,500 2,500 2,500 2,500 2,494 2,000 2,000 75,000 75,000 60,000 60,000 60,000 80,000 80,000 38,000 38,000 80,000 80,000 38,000 38,000 150,000 150,000 100,000 100,000 500,000 500,000 445,000 445,000 129,000 129,000 150,000 150,000 500,000 500,000 445,000 445,000 TOTAL WORLD EXPO SHANGHAI 2010 21st Century International Business Development Centre Pty Ltd Asia-Pacific InnovationTechnology Pty Ltd Australian Football League Azure Communications and Entertainment IncGroup Boston Digital Communications Pty Ltd C Learning Pty Ltd CFT International Pty Ltd Cicada.net.au Pty Ltd University of Melbourne TOTAL VICTORIAN INDUSTRY AND MANUFACTURING – DEFENCE STRATEGY James Fallon High School VICALLIANCE UniversityRMIT TOTAL VICTORIAN INDUSTRY AND MANUFACTURING STRATEGY TOTAL MELBOURNE MERCER GLOBAL PENSION INDEX University of Melbourne TOTAL Swinburne University of Technology Victorian TAFE International Inc TOTAL MELBOURNE CARBON MARKET PROJECT Carbon Market Institute Limited RMIT UniversityRMIT TOTAL STRATEGY EDUCATION INTERNATIONAL University Monash Grant payments totalling made $2.2 million Grant payments under the Department’s to organisations programs areInternational Coordination listed below. ENGAGING INDIA INTERNATIONAL COORDINATION GRANTS COORDINATION INTERNATIONAL DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 136 Royal Institution of Australia Inc, The Inc, Australia of Institution Royal CSIRO Australian Science Media Centre Inc programs arelistedbelow. Department’s Innovation and Technology to recipientsandorganisationsunderthe Grant payments$89.8millionmade totalling INNOVATION ANDTECHNOLOGYGRANTS Holdings Ltd Holdings Institute Diabetes and Heart IDI Baker INFRASTRUCTURE SUPPORTPROGRAM BIOMEDICAL RESEARCH–OPERATIONAL TOTAL Science and Policy of Institute Australian Engineering and Sciences Australian Academy of Technological AWARENESS TOTAL Gutowski, Wojciech 2010 VICTORIAPRIZE TOTAL Dr Sant-Rayn Pasricha, Miles, Denise Ma, Michelle Therese Baohua Jia, Hill, Matthew Ftouni, Susan 2010 VICTORIAFELLOWSHIP O’Brien Institute ChildrensMurdoch Institute Research Monash University ,The Institute Research Health Mental Ltd Health Public and Research Medical for Institute Burnet Macfarlane Ltd Research Cancer for Institute Ludwig NeuroscienceFlorey Institutes Limited Australia Research Eye for Centre Institute Ear Bionic Limited Australia BioGrid 4,373,868 2,948,792 2,948,792 2,974,932 1,389,788 2,063,128 1,426,664 1,426,664 340,225 340,225 107,345 107,345 858,008 858,008 300,000 184,000 610,268 610,268 261,636 261,636 367,724 367,724 50,000 50,000 39,600 39,600 18,000 18,000 18,000 18,000 97,000 17,386 17,386 17,000 17,959 17,959 2,625 2,625 BIOTECHNOLOGY TOTAL The Research, Medical of Institute Hall Eliza and Walter Research Medical of Institute Vincent’s St Research Medical of Institute Henry’s Prince Medicines Development Limited Development Medicines Ltd Research Cancer for Institute Ludwig Ltd Pty Grifols Lateral JDJ Ltd Bioservices Pty Ltd Pty Ingeneus Limited Immuron Limited Technologies Genetic NeuroscienceFlorey Institutes Ltd Pty Products Medical Fairmont Ltd Pty Evado Ltd Pty Cortical Ltd Pty Group Circa ChemGenex Ltd Pharmaceuticals LtdCancerProbe Pty Broadvector Limited Ltd Bluechiip BioMelbourne Inc Network Ltd Australia Bio21 Ltd Pty Axxin Limited Centre Engineering Tissue Australian Ltd Company Synchrotron Australian Ltd Centre Cell Stem Australian Inc Biology Molecular & Biochemistry for Society Australian Ltd Pty Pharmaceuticals Advent Ltd Pty Adalta 26,000,000 5,665,552 5,665,552 1,000,000 1,142,888 1,616,752 500,000 325,000 230,357 125,000 20,000 25,000 10,000 10,000 10,000 13,000 13,599 13,599 13,095 13,095 2,500 2,500 2,500 2,500 2,500 2,500 8,000 8,000 3,000 3,000 3,000 3,000 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 137 7,946 6,653 2,327 2,327 4,980 5,000 5,000 5,000 5,000 5,000 8,000 5,000 5,000 4,000 4,000 6,903 4,000 4,000 2,230 2,230 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 10,776 10,000 10,000 10,000 10,000 10,500 10,500 10,500 30,000 30,000 300,000 300,000 Creprot International Pty Ltd Current Circus Pty Ltd BioGrid Australia Limited Biz Catalyst Pty Ltd Bluedog Productions (Vic) Pty Ltd Bogan Entertainment Solutions Pty Ltd Boston Digital Communications Pty Ltd Box Institute Hill of TAFE Brawsome Pty Ltd Pty Technologies Intelligence Business Ltd CCA (Aust) Pty Ltd Challenger Momentum Pty Ltd Chisholm Institute of Technical and Further Education Chocolate Liberation Front Pty Ltd Cicada.net.au Pty Ltd Clarinox Technologies Pty Ltd Clive International Pty Ltd Cooltrax Asia Pacific Pty Ltd DC123 Pty Ltd Defence Communications Industry Pty Ltd Desura Pty Ltd Digital Education Services Pty Ltd Digitall Pty Ltd eLearning Industry Association of Victoria Inc Endgame Studios Pty Ltd Enex Pty Ltd ENoteFile Pty Ltd eVision Pty Ltd Experimenta Media Arts Inc Firelight Technologies Pty Ltd Big Pipe MediaPty Ltd Bizeman Interactive Solutions Pty Ltd Bright Future Sustainable Living Inc. Firemint Pty Ltd Bibtech Pty Ltd Big Ant Studios Pty Ltd 4,191 1,338 8,597 3,000 3,000 3,000 3,000 3,000 6,000 6,000 8,000 8,000 8,000 8,000 4,203 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 5,454 12,153 16,000 16,000 16,000 16,000 26,706 30,000 30,000 26,706 250,000 250,000 290,000 290,000 300,000 340,500 340,500 3,269,940 3,269,940

TOTAL CONNECTING VICTORIA $30 Date Night Pty Ltd TOTAL AND INFRASTRUCTURE CHANNEL 31 DIGITAL SKILLS DEVELOPMENT PROJECT Melbourne Community Television Consortium Limited 199NFORM Pty Ltd ADWEB Pty Ltd AFC Group Pty Ltd Akcelik & Associates Pty Ltd Anatomics Pty Ltd Ares Communicarions Pty Ltd Arrayware Pty Ltd Aruspex Pty Ltd Atomic Media Pty Ltd Australian Information Industry Ltd Association Beonic Pty Ltd Minifab (Aust) Pty Ltd University Monash MRCF Pty Ltd Neurosciences Victoria Ltd Optimal IVF Pty Ltd PrimaBiomed Ltd RMIT Drug Discovery Technologies Pty Ltd See-D4 Pty Ltd Simavita Pty Ltd Siniun Therapeutics Pty Ltd Starpharma Pty Ltd The Meeting Planners Pty Ltd TrendBio Pty Ltd TS Innovations Pty Ltd TTCF Pty Ltd Biosensors PtyUniversal Ltd University of Melbourne Metallic Waste Solutions Pty Ltd DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 138 Consortium Limited Consortium Television Community Melbourne Ltd Pty Saints Media Ltd Pty Equation Media Ltd Pty International World Medi Ltd Pty TV MComms Ltd Pty Design MComms Ltd Pty Studio Design Magian Ltd Pty Technologies Logical Ltd Network LMHA Ltd Pty Linus Solutions Information Security Ltd Pty International Life for Lessons Ltd Pty LapBase University Trobe La TAFE of Institute Batman Kangan Ltd Pty Technology JX2 Ltd Pty Holdings JTribe Ltd Pty Systems JR Ltd Pty Post Jigsaw Ltd Pty iZDOT Ltd Pty Solutions IntelliRAD Ltd Pty Technologies Inlink Ltd Pty Infrarisk Ltd Pty Interactive Infinite Ltd Pty Solutions Inference Ltd Pty Communications Inference Ltd Pty Australia I-Learn Ltd Pty Link Global Icon Ltd Pty Corporation Software Edge Human Ltd Pty Goya TAFE of Institute Gordon Ltd Pty Xchange Global Ltd Pty Networks Speech Global Ltd Pty Ventures Genix Ltd Pty Music Genero Australia Inc Game Developers Association of 32,000 20,000 25,000 25,794 25,794 12,000 18,500 10,000 15,000 21,620 21,620 4,433 4,433 6,548 6,548 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,302 2,302 3,833 3,833 8,000 5,000 5,000 5,000 8,000 5,000 8,000 5,000 2,370 2,370 9,301 9,301 5,776 5,776 2,242 2,242 7,500 Savy Soda Pty Ltd Pty Soda Savy Limited Pty Support Computer Sage RMIT University Ltd Pty Australia Software Rising Ltd Pty Global Rimslow Ltd Pty Concepts Software Revelation Ltd Pty Redpoint Ltd Pty RedBubble Ltd Pty Global Map Rapid Ltd Pty QMCODES Ltd Pty Textware Protea ProfitLinkConsulting Pty Ltd Ltd Pty Australia Portable Ltd Pty Entertainment Polymath Ltd Pty Entertainment Play-Bit Ltd Pty Technology PHM PerformanceCentre International Ltd Pty Ltd Pty International Software Papercut Ltd Pty Marketing Pace Ltd Pty Optotech Ltd Pty Ofidium Ltd Pty nSynergy TAFE of Institute Melbourne Northern Ltd Pty Lanterns Nine Ltd Pty Innovation Media New Ltd Pty Netralia Ltd Pty Netagi Ltd Pty ndWare Ltd Pty International Media My Ltd Pty MusicMate Ltd Pty Systems Mtech Ltd Pty Mostyle Ltd Pty Division Monitoring Ltd Pty Life for 101 -Money Money Ltd Pty MindAtlas Ltd Pty Development Creative Millipede Ltd Pty Microlistics 18,450 18,450 12,000 16,000 16,000 11,781 11,781 2,045 2,045 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 4,000 8,000 5,000 5,000 8,000 5,000 3,800 3,800 4,001 4,001 6,675 6,675 4,475 4,475 7,443 7,443 8,917 8,917 7,431 7,431 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 139 7,500 7,500 9,500 9,500 8,000 8,000 8,000 8,000 8,000 8,000 4,000 4,000 2,500 2,500 96,119 47,340 15,000 15,000 16,000 16,000 59,750 30,000 30,000 62,083 30,000 30,000 84,250 40,000 40,000 105,470 105,470 205,542 1,729,111 7,500,000 7,500,000 4,000,000 4,000,000 2,304,800 7,500,000 7,500,000 4,000,000 4,000,000 2,304,800 2,304,800 O.D.T. EngineeringO.D.T. Pty Ltd Immuron Ltd Immuron TOTAL SKILLS AND AWARENESS Technological of Academy Australian Sciences and Engineering Ltd TOTAL STI INITIATIVE Transport Accident Commission (TAC) TOTAL Qiu Wen TOTAL SCIENCE AND TECHNOLOGY R&D FUND Floorbotics International Pty Ltd TOTAL FUTURES – THE VICTORIAN LIFE HEALTHY SCIENCES STATEMENT InstitutesFlorey Neuroscience TOTAL LABORATORY - VICTORIAN RESEARCH NICTA Ltd ICT Australia National TOTAL AND MEDICAL FOR HEALTH PREMIER’S AWARDS RESEARCH Rickard, Amanda AndrewSteer, Michelle Tate, TOTAL CRC SUPPORT PROGRAM Foundation Inspire University ofMelbourne TOTAL DESIGN SECTOR STRATEGY UniversityRMIT Xelon EntertainmentXelon Ltd Xenon Systems Pty Ltd YTEK PtyLtd Zoomorphix Systems Pty Ltd Polymers CRC Ltd 8,415 7,580 7,500 7,500 8,351 8,821 8,821 6,547 5,969 3,994 5,530 5,000 5,000 6,083 5,000 5,000 4,000 4,000 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 4,549 18,175 17,000 17,000 11,500 11,500 10,000 10,000 10,500 10,500 12,000 12,000 35,000 35,000 26,500 26,500 32,000 32,000 Senetas Corporation Ltd (Australia) Components Advanced Senko Pty Ltd Sentient Vision Systems Pty Ltd Productions Tack Sharp Short Attention Sitepoint Pty Ltd Ltd SmartTrans SourceDynamix Asia Pacific Pty Ltd Southern Innovation Trading Pty Ltd Sparx Systems Pty Ltd Spatialinfo Pty Ltd Pty Revelations Statistical Ltd Stop Motion Pro Pty Ltd Studio Moshi Pty Ltd Swinburne University of Technology Pty Systems Ltd Synetek Systems ofthe Future (Australia) Pty Ltd StudiosTaigha PtyLtd Tantalus Media Pty Ltd Telematic Communications Pty Ltd The Voxel Agents Pty Ltd Tin Man Games Pty Ltd Torus Games Pty Ltd InternationalTotal Tel Pty Ltd Trickstar Games Pty Ltd Umbrella Entertainment Pty Ltd Unico Computer Systems Pty Ltd Vastpark Pty Ltd University Victoria Technology Information Victorian Teachers Association Inc, The Virtual Medicine Pty Ltd Warren & Brown Technologies Pty Ltd Wavelink Technologies Pty Ltd Webcasting Pty Ltd Wicked Witch Software Pty Ltd Scalify Pty Ltd DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 140 Department of Primary Industries Primary of Department Cabinet and Premier of Department of Justice Department Health of Department Ltd Australia Innovation Dairy CSIRO Advanced Automotive Technology Ltd Co-operative Research Centre for Limited Australia Research Eye for Centre &Ideas Writing Books, for Centre Inc Forum Agribusiness Highlands Central Inc Group Cropping Birchip Ltd Pty Avipep Ltd Centre Cell Stem Australian Inc Australian Nurses Association Practice Image Moving the for Centre Australian Health Austin Australia Ltd Association of Superannuation Funds of TechnologyANZA Network Limited Alfred Health TOTAL &Knowledge Innovation Ltd for Science, Endowment Victorian SUPPORT FUNDING Access Melbourne Inc VICTORIAN INNOVATION STRATEGY TOTAL Ltd Australian for Institute Commercialisation VICSTART PROGRAM TOTAL Melbourne of University THE CONVERSATION TOTAL Melbourne of University ENABLED SOCIETY MELBOURNE SUPPORT FUNDING–UNIVERSITYOF – INSTITUTEFORABROADBAND ­­

3,000,000 2,090,200 3,000,000 1,005,535 1,897,000 1,100,000 608,000 500,000 100,000 643,430 438,000 864,000 500,000 608,000 670,000 420,000 100,000 152,000 135,000 215,000 287,000 110,250 110,250 45,000 56,800 56,800 53,997 53,997 25,000 43,750 43,750 67,500 Skills Victoria Ltd Pty Simavita Agency, Ltd Rural Victoria Workforce Hospital &Ear Eye Victorian Royal Limited Service Nursing District Royal Roads Corporation Inc (Victoria) Australia Relationships Ltd Pty Pyksis Ltd Pty Care Health Precedence Ltd CRC Polymers Peter MacCallum Cancer Institute Parks Victoria Authority Management Catchment East North Ltd Pty Neopec National Australia ICT Ltd Victoria of Board Museums Ltd Co Co-operative Goulburn Murray Ltd Pty MRCF Board Management Resort Stirling Mount and Buller Mount Ltd Foundation Energy Moreland Council City Moreland Monash University Corporation Water Melbourne Health Melbourne Ltd Pty Research ID Limited Pty Australia Company Chemical Huntsman Institute Florey Howard Limited Healthlinx Ltd Pty Pacific Halcrow Ltd Pty GHD NeuroscienceFlorey Institutes AssociationFire Protection Australia Ltd Pty (Vic) Agresearch Eureka! Service Inc Support Training In-Service Disability Environment and Sustainability of Department 1,044,500 1,044,500 1,400,000 1,894,329 1,000,000 1,060,000 4,666,814 4,666,814 1,568,705 1,568,705 1,120,023 1,120,023 1,013,144 1,013,144 400,000 400,000 550,000 350,000 235,000 365,209 225,000 225,000 225,000 363,870 420,000 132,984 132,984 126,000 606,215 606,215 987,000 217,500 40,000 40,000 63,000 26,504 56,250 20,000 75,000 10,000 9,807 9,942 9,942 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 141 24,995 62,678 75,000 75,000 50,000 50,000 50,000 50,000 170,979 123,961 175,000 175,000 125,000 125,000 125,000 125,000 125,000 125,000 165,000 165,000 190,564 190,564 100,000 100,000 103,300 103,300 200,655 200,655 250,000 250,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 1,100,000 1,100,000 2,177,132

2,165,000 2,165,000 Victorian Freight and Logistics Council Ltd Victorian Centre for Advanced Materials Manufacturing William Angliss Institute of TAFE Melbourne City Council PCR Australasia Pty Ltd Keech Castings Australia Pty Limited TOTAL Australian Industry & Defence Network Inc - Victoria Manufacturing and Engineering Skills Advisory Body Inc TOTAL COMPETITIVE BUSINESS FUND Pty Ltd Industries Metal Actco-Pickering Australian Lamb Company Pty Ltd Calbah Industries Pty Ltd Flavorite Hydroponic Tomatoes Pty Ltd J C Smale Manufacturing Pty Ltd Lemnos Foods Pty Ltd Australian Automotive Aftermarket Automotive Australian Ltd Association IconPlastics Pty Ltd Ozpak Pty Ltd Schutz DSL (Australia) Pty Ltd through a number of programs to companies of programs through a number support manufacturing, and organisations to growth, export enterprise improvement, and promotional business development activities. totalling $8.3 million made toGrant payments Industry Department’s organisations under the programs are listed below. Trade and AGENDA FOR NEW MANUFACTURING 21st Century International Business Development Centre Pty Ltd SGE Analytical Science Pty Ltd Socobell Automotive Pty Ltd Toyota Boshoku Australia Pty Ltd Biosensors PtyUniversal Ltd INDUSTRY AND TRADE GRANTS INDUSTRY assistance Department provided The Wonderest Limited 10,000 10,000 29,700 85,631 75,000 75,000 42,800 90,000 90,000 90,000 44,994 133,912 163,386 1,100,000 1,100,000 5,554,136 1,069,000 1,069,000 39,754,816 39,754,816 TOTAL Song Room Inc, The Limited Water East South Springvale Community Aid And Advice Bureau Inc Swinburne University of Technology Trust for Nature (Victoria) Uniting Care - Moreland Hall University of Ballarat University ofMelbourne VCAMM Limited Assessment and Curriculum Victorian Authority Technology Information Victorian Teachers Association Inc, The Western Health Social Firms Australia Ltd DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 142 Poseidon Tarama Pty Ltd Pty Tarama Poseidon Ltd Pty Nutrition Best Personal Ltd Pty Architecture NOW Ltd Pty Milling West Mid Ltd Pty MFCT Ltd Pty Park Food Longwarry Ltd Pty Studio Architecture Lab TAFE of Institute Batman Kangan Ltd Pty Infrastructure Management Partners Corporation Hydro-Electric Ltd Pty Solutions Cove Hidden Ltd Pty Architects Grimshaw Ltd Pty Futuris Automotive Interiors (Australia) Ltd Manufacturers Federation of Products Automotive Ltd Pty Ecotech Ltd Pty Consulting Systems Earth Ltd Pty Providence Design Ltd Pty Pacific Asia Dédale Ltd Pty Craig Davies CSIRO Ltd Pty Engineering Materials Composite Ltd Tooling Pty Chirag Ltd Pty Cetec Ltd Business Intelligence Technologies Pty Ltd Pty Sweett Burnsbridge Ltd Pty Wines Blackjack Ltd Pty Australia Bemco Ltd Pty (Holdings) Dairies Consolidated Australian Limited Industries Aerospace Australian Association of Aviation & Ltd Pty (Australia) Atlite Ltd Pty Strategies Aviation Airbiz Ltd Pty (Australia) Thermal International Air INDIA TRADE MISSIONASSISTANCE PROGRAM– 2,977 2,977 3,000 3,000 3,000 2,629 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 2,952 2,952 2,661 2,661 2,919 2,919 TOTAL Ltd Pty Scott Lincolne WSP Ltd Pty Global TEK VR International Victus Tourism Victoria William Ian Thompson, Ltd Pty Studio Design Tandem Ltd Pty Australia Pack Swiss Technology of University Swinburne Limited Pty Trim (SouthEastern) Super Ltd Pty Foods Star Ltd Pty Group Entertainment and Sports Ltd Pty Group Export Cross Southern Ridge Sandhurst Ltd Pty Engineering Rosebank RMIT University Crintand Pty Ltd Pty Crintand Shepparton Greater of City ofCity Greater Dandenong Inc Network Exporters Victorian Central Ltd Pty Connections Cashmere Ltd Pty Services Consulting Blueprint Ltd Pty Baco Export of Institute Australian Limited Institute Resources Human Australian League Football Australian Inc Council Business India Australia Council Business China Australia Ltd Pty Australia Assetic Ltd Pty A WBell OPENING DOORSTOEXPORTPLAN TOTAL Technology of University Swinburne GREENING OURAUTOMOTIVEINDUSTRY TOTAL Ltd Festival Fashion Melbourne EVENTS ANDSPONSORSHIPS 1,025,000 1,025,000 150,496 24,650 24,650 33,000 75,000 24,650 24,650 10,000 10,000 15,000 4,000 4,000 4,000 4,000 4,000 8,000 2,685 2,685 6,633 6,633 2,056 2,056 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 6,965 6,965 1,302 1,302 2,618 2,618 6,103 6,103 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 143 4,357 5,000 5,000 14,174 31,500 31,500 15,000 15,000 19,850 13,500 13,500 10,000 10,000 10,000 10,000 70,000 70,000 38,373 75,000 75,000 20,000 20,000 30,000 30,000 80,000 80,000 85,000 55,000 55,000 38,500 38,500 45,000 45,000 43,443 43,443 135,000 135,000 190,000 190,000 169,000 169,000 156,000 100,000 100,000 140,000 140,000 226,500 226,500 882,580 882,580 1,169,864

Deakin University (Australia) Interiors Automotive Futuris Pty Ltd Green Building Council of Australia Grocon Constructors (Vic) Pty Ltd Industry Capability Network (Victoria) Limited Lab Architecture Studio Pty Ltd National Safety Agency Ltd TOTAL Coating & Industrial Technologies Pty Ltd for Centre Research Co-operative Ltd Technology Automotive Advanced Hella Australia Pty Ltd Industry Capability Network Limited Society of Automotive Engineers - Australasia Victorian Automobile Chamber of Commerce Victorian Centre for Advanced Materials Manufacturing TOTAL VICTORIAN INDUSTRY AND MANUFACTURING STRATEGY Archedg Pty Ltd Federation of Automotive Products of Federation Manufacturers Ltd Rough Magic Pty Ltd Inc Australia Industry Science Small Technologies Cluster Ltd ResourceTech - Technology, Teams, Talent The Australian Industry Group The Institution of Engineers Australia - Victoria Division Victoria Tourism Inc. Association Industry Capability Network (Victoria) Limited Portable Content Pty Ltd Victorian Employers Chamber of IndustryCommerce and Yarra Valley Wine Growers 8,624 8,243 3,567 3,063 3,063 4,000 4,000 4,000 4,889 4,000 4,000 2,500 2,500 6,946 49,747 21,500 21,500 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,500 10,500 25,500 25,500 35,000 35,000 90,000 90,000 365,000 365,000 365,000 365,000 350,837 TOTAL AND MISSIONS TRADE FAIRS 21st Century International Business Development Centre Pty Ltd Ausen (Oil & Gas) Inc Australia Africa Business Council (Vic) Inc Aftermarket Automotive Australian Ltd Association Australian Industry & Defence Network Inc - Victoria Australian Commission Trade TOTAL REGIONAL BLUEPRINT - INDUSTRY CAPABILITY NETWORK Industry Capability Network (Victoria) Ltd Flexi (Australia) Tank Pty Ltd Fluidsentry Pty Ltd Freemar Pty Ltd and Cuttership Pty Ltd HLB Mann Judd (Vic) Pty Ltd Lateral Food Corporation Pty Ltd Leda Custom Farm Equipment Pty Ltd Media Arts Lawyers Pty Ltd Media Equation Pty Ltd Melbourne’s West Export Network Inc Mint Training Pty Ltd Mobilise IT Pty Ltd Moira Shire Council Oscar Furniture Pty Ltd Palliser Strategic Management Pty Ltd Rollspack Pty Ltd Rudducks Pty Ltd Sancell Pty Ltd T Garage Pty Ltd The Australian Industry Group The Creature Technology Company Pty Ltd Victorian TAFE International Inc Zestco Pty Ltd Fishers (Latrobe Valley) Pty Ltd DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 144 and Coordinationprogramsarelistedbelow. organisations undertheDepartment’s Policy Grant payments$2.8millionmadeto totalling POLICY ANDCOORDINATION GRANTS TOTAL Monash University VICTORIAN INNOVATION STRATEGY TOTAL Ltd (Victoria) Network Capability Industry SERVICES PROVISION OFIMPORTREPLACEMENT TOTAL Ltd Pty Products Australia Vitasoy ENHANCING SUSTAINABILITY ININVESTMENTS 2,620,408 2,620,408 2,620,408 95,000 95,000 95,000 95,000 Wodonga Rendering Pty Ltd Wodonga Rendering Pty Ltd Industries Milk Tatura Ltd Pty Bread and Milk Bed in Stay Ltd Pty Australia Simplot Murphy &JL RA Ltd Foods Patties Ltd Pty Foods &Fine Poultry Mac’s Moira Merriwa Industries Ltd Ltd Pty Holdings Imaging Lake Ltd Pty Frewstal Ltd Pty Poultry Broad’s (AAMI) Ltd Insurers Motor Associated Australian PROGRAM COMMUNITY REGIONALINDUSTRYSKILLS listed below. and EconomicDevelopment programsare organisations undertheDepartment’s Regional Grant payments$7.6 totalling millionmadeto developmentcommunity inregional Victoria. broad rangeofprogramsaidingeconomicand was Financial assistance provided througha GRANTS REGIONAL ECONOMICDEVELOPMENT(RED) Freeman Banner Pty Ltd Pty Banner Freeman Ltd Pty Australia Chemring aGlass Replace Areas All Ltd Pty Radiators Air GEELONG INDUSTRYANDINNOVATION FUND TOTAL Ltd Pty Market Victoria Queen Ltd Australia of Federation Organic Inc Association Agriculture Organic OrganicLabertouche Produce Industries Primary of Department Ltd Pty Publishing Custom Ceres Inc Centre for Organic Resource Enterprises Ltd Australia of Farmers Biological FUTURE FARMING STRATEGY –ORGANICS TOTAL 950,300 350,000 140,800 410,500 208,426 174,287 45,000 90,000 85,000 25,000 47,000 48,000 40,000 40,000 40,000 50,000 50,000 50,000 68,999 95,500 30,000 30,000 30,000 25,000 25,000 42,000 7,500 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 145 7,500 7,500 7,500 7,500 1,500 1,500 3,750 6,000 6,000 9,000 9,000 9,000 6,500 6,500 4,000 4,000 4,000 4,000 4,000 4,000 4,000 11,175 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,400 11,438 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 10,500 10,500 24,000 24,000 Datco Industries Pty Ltd Designer Doorware Pty Ltd D.S. Business Systems Pty Ltd City of Monash City of Whittlesea Cleaning Institute of Australia Pty Ltd Cobalt Niche Design Pty Ltd Context Pty Ltd Pty Ltd Conviviality D & K Golding Pty Ltd Arthur Roe & Associates Pty Ltd Austparagus Australian Lamb Company Pty Ltd City of Greater Bendigo City of Knox City of Port Phillip Aleko Investments Pty Ltd Hydroponics Alma Altus Traffic Pty Ltd Australian Institute of Export Australian Packaging Solutions Pty Ltd Autofab (Australia) Pty Ltd Banyule City Council Baw Baw Shire Council Bobbie Burns Pty Ltd Britannia Metal Industries (Vic) Pty Ltd Browning’s Direct Timber Pty Ltd Calbah Industries Pty Ltd BoroondaraCity of GROW YOUR BUSINESS Accubend Pty Ltd Air Freight Today Pty Ltd SMALL BUSINESS VICTORIA (SBV) VICTORIA SMALL BUSINESS GRANTS targeted support to small provides SBV businesses in Victoria. million made to totalling $1.2 Grant payments Small Department’s organisations under the listed below. Business programs are 27,500 26,743 24,400 75,000 75,000 20,000 20,000 60,000 50,000 50,000 50,000 94,985 45,000 48,000 209,142 174,400 967,920 189,000 248,570 100,000 523,200 600,000 600,000 500,000 1,000,000 2,719,329 2,008,743 1,527,500 TOTAL Department of Primary Industries Hancock Victorian Plantations Pty Limited Hindmarsh Shire Council Hofmann Engineering Pty Ltd Laminex Group Pty Ltd Luv-A-Duck Pty Ltd Ltd Industries Merriwa Patties Foods Ltd Red Earth Nominees Pty Ltd Vegco Pty Ltd TOTAL INITIATIVE REGIONAL INNOVATION TOTAL REGIONAL BLUEPRINT INITIATIVES Amidata Ltd Dairy Australia Ltd Department of Primary Industries East Gippsland Shire Council GBP Exports Pty Ltd GMIC Ltd Melbourne Food and Wine Events Ltd Prahran Market Pty Ltd Geelong Galvanizing Pty Ltd Geelong Glass & Aluminium Pty Ltd Insulpak Pty Ltd RPC Technologies Pty Ltd Southern Star Windows Pty Ltd The Edge Production (Aust) Pty Ltd FoodsTuri Pty Ltd DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 146 Mint Training Pty Ltd Pty Training Mint Metropolitan Waste Management Group Council Shire Melton Ltd Pty Mecrus Ltd Pty Tender Meat Council City Maroondah Ltd Pty Engineering Precision Marand Ltd Pty -Plas Magna Ltd Pty Brodribb M. Ltd Pty Australia Lewis Ltd Pty Foods Lemnos Ltd Trial Pty Legion Ltd Pty Orchards Country Koala Ltd Pty Juicybear Ltd Pty Australia Jardan Ltd Pty Technologies Inlink Ltd Information Outlook Pty Ltd Pty Imatek Council City Hume Solutions Hagrid Ltd Pty Publications Graffiti Council Shire Plains Golden Ltd Pty Trading Goldacres Ltd GMIC Council City Eira Glen Ltd Pty Banner Freeman Council City Frankston Ltd Pty Systems Fortress Ltd Pty Formero Ltd Pty Investments Ferngully Ltd Pty Engineering Chemical Electro Ltd Pty Consulting Systems Earth Ltd Pty International E WCox Ltd Pty Wangaratta Dunstans Ltd Pty Dunoon &JL DP Ltd Pty Products Metal Diver Ltd Pty Dale Diamond 24,000 24,600 24,600 10,500 10,000 13,500 10,250 10,250 15,000 15,000 15,000 13,636 13,636 10,750 10,750 11,438 11,438 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,250 11,250 4,000 4,000 4,000 5,000 9,000 3,975 3,975 1,500 1,500 1,500 7,500 7,500 7,500 3,713 3,713 Winning Edge Presentations Pty Ltd Pty Presentations Edge Winning Winchester Australia Ltd Ltd Pty Co McNeil A. William Ltd Pty Wafex Ltd Pty &Sons W JRobson TradersVintage Ltd Aust. Victoria University Ltd Pty Supplies Truck Vacuum Ltd Pty Development Tonic Product Ltd Pty Coatings Timbalac Ltd Pty Investments Tieman Ltd Pty Company Technology Creature The Ltd Pty Industries Sunstone Ltd Pty Technologies Sky Ltd Pty Personnel Shave Ltd Pty (Australia) DSL Schutz Ltd Pty Rudducks Ltd Pty Rollspack Ltd Pty Global Map Rapid Ltd Pty Aluminium Rapid Australia of Association Industries Printing Ltd &Tooling Pty Plastics Prima Australia Solutions Business Precise Ltd Pty International Plastool Ltd Pty Group Performance Plant Ltd Pty Innovation Planet Ltd Pty Melbourne Thorp Peddle Ltd Pty Paarhammer Ltd Pty &Exploration Research Ore Ltd Omniblend Pty Nillumbik Shire Council Ltd Pty Size My Ltd Pty Australia Mossrock Council City Moreland Ltd Pty Furniture Monash Ltd Pty IT Mobilise 15,000 15,000 15,000 15,000 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,000 11,000 4,000 4,000 5,000 9,000 9,000 5,250 5,250 9,232 9,232 1,500 3,762 3,762 7,500 7,500 7,500 7,500 7,500 7,500 7,000 867 867 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 147 1,364 3,000 3,000 2,500 2,500 2,500 2,500 54,464 54,464 TOTAL Wangaratta Rural City Council Warrnambool CityCouncil Whitehorse City Council Wyndham City Council 350 6,171 1,750 7,500 7,500 1,000 1,000 1,000 1,500 1,500 1,500 6,625 2,625 3,000 3,000 3,000 3,500 3,500 5,000 5,000 5,500 5,500 4,500 4,500 4,500 4,500 2,000 2,000 2,000 2,000 2,500 2,500 2,500 8,796 17,324 17,324 15,000 15,000 15,000 17,324 30,000 30,000 30,000 30,000 1,054,609 1,054,609

Banyule City Council Baw Baw Shire Council Benalla Rural City Council Business and Professional Women’s Club of Geelong Inc Business Horsham Inc City of Port Phillip Australia CPA Geelong Chamber of Commerce Grampians Produce Inc Maroondah City Council Matthews Steer Pty Ltd Melbourne Business Awards TOTAL YOUR - START SMALL BUSINESS STATEMENT BUSINESS Australian Alpine Valleys Agribusiness Forum Inc Inc Association Ingenuity Business Consulting Pty Ltd Total Secon Carriers Pty Ltd TOTAL SMALL BUSINESS STATEMENT Northern Economic Melbourne’s Inc Wedge Moonee Valley City Council Swinburne University of Technology The Australian Industry Group The Gippsland Business Awards Inc Association KOORI BUSINESS NETWORK Bundoora Street Sound Vision & Pty Ltd BUSINESS SKILLS - SMALL SKILLS STATEMENT FOR THE FUTURE Wolter Steel Co Pty Ltd Yarra City Council DoorYellow International Pty Ltd TOTAL Wodonga City Council DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 148 and organisationsarelistedbelow. Workforce Victoria andtherecipientcompanies $15.3Grants totalling millionmadeby WORKFORCE VICTORIAGRANTS Services Inc Community - Multicultural Australian Ltd Pty Australia Services Aegis Forward. –Moving Victoria Provincial and people, young for Victoriaworks disability, a with graduates for Victoriaworks for age mature workers, Victoriaworks Victoria, Provincial for Skills Global EMPLOYMENT INITIATIVES Pyrenees Shire Council Shire Pyrenees Training Wow Pow Ltd Pty Bird Pan Limited Australia Seniors National Australia Mission Council City Rural Mildura Mildura Inc. Development Corporation Council City Rural Horsham Inc Group Transport Road Valley Goulburn Future Employment Opportunities Inc Ltd Australia Works Disability Finance and Treasury of Department of Transport Department Cabinet and Premier of Department Development Community and Planning of Department of Justice Department Health of Department Childhood Development Early and Education of Department Australia Children Deaf Inc (Geelong) CREATE Warrnambool of City Geelong Greater of City Bendigo Greater of City Ballarat of City The Inc, Education Continuing for Centre Council Shire Buloke Association Inc Australian Vietnamese Women’s 202,500 360,000 675,000 100,000 106,250 150,000 128,250 128,250 120,000 125,000 247,500 517,500 54,000 94,500 60,000 20,000 12,000 13,500 13,500 87,500 27,500 37,500 37,500 83,718 83,718 77,743 77,743 9,375 9,375 3,750 3,750 3,750 1,500 1,500 New Hope Foundation Inc, The Inc, Foundation Hope New Council City Valley Moonee Australia Mission Ltd Pty Training Mint Ltd Pty Resources Human Mentor Wedge Inc Melbourne’s Economic Northern Inc Citymission Melbourne Women for Services Community McAuley Inc (Victoria) Care Jewish Ltd Services Social Jesuit TAFE of Institute Ovens Goulburn Centre Inc Learning and Employment Goldfields Gippsland Multicultural Services Inc Council Inc Geelong Regional Vocational Education Inc Council Communities Ethnic Geelong Future Employment Opportunities Inc Ltd Pty Services Management Delfin Ltd Australia Dairy Ltd Gippsland College Community Geelong Greater of City Education Further and Technical of Institute Chisholm Inc Training Group Highlands Central Laurence St of Brotherhood Inc Employment Bendigo Access Association Inc Australian Vietnamese Women’s Apprentices-Trainees-Employment Ltd challenges.employment for with jobseekers Victoriaworks NEW PARTNERSHIP PROGRAM TOTAL Council City Wodonga Wimmera Development Association Inc Commerce and Industry of Chamber Employers’ Victorian Inc Centre Resource Migrant Spectrum Skillsplus Ltd Australia Inc of Association Community Serbian

4,106,666 446,875 446,875 260,400 260,400 225,450 225,450 279,800 279,800 224,400 224,400 148,907 148,907 103,600 138,600 138,600 128,800 126,981 126,981 150,571 150,571 105,242 105,242 112,000 179,744 179,744 113,760 113,760 187,512 187,512 107,100 107,100 84,000 56,000 22,250 22,250 50,000 90,000 60,000 29,500 70,000 70,000 92,784 92,784 24,000 36,750 36,750 88,725 88,725 77,350 77,350 7,462 7,462 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 149 6,915 5,000 5,000 5,000 2,837 2,000 2,000 11,500 11,500 15,000 15,000 15,000 15,000 10,000 10,000 10,000 10,000 10,000 10,000 12,500 12,500 35,376 35,376 75,000 75,000 25,000 25,000 20,000 20,000 39,000 39,000 36,000 36,000 60,000 60,000 40,000 40,000 22,500 22,500 22,500 48,000 48,000 871,000 871,000 871,000 871,000 2,203,000 2,203,000 2,752,129 2,752,129 TOTAL SUPPORT FUNDING Job Watch Inc TOTAL Sandybeach Community Co-operative Society Ltd Neighbourhood Thornbury Women’s Inc House VICSEG New Futures Goulburn Ovens Institute of TAFE Hampton Community Centre Inc Liquor Hospitality & Miscellaneous Union Learning and Community Island Phillip Inc Centre Spectrum Migrant Resource Centre Inc Werribee Community and Education Inc Centre Donvale Living and Learning Centre Inc East Gippsland Institute of TAFE Employment Services Holdings Pty Ltd Geelong Ethnic Communities Council Inc Inc Services Multicultural Gippsland Highlands Local Learning & Employment Network Inc Kinglake Ranges Neighbourhood House Inc Meadow Heights Learning Shop Inc (Clayton) Association Student Monash Inc Inc House Morrison TAFE Institute of Wodonga RETURNING TO EARNING Victoriaworks for parents returning to work. Adult Multicultural Education Services Women’s Vietnamese Australian Inc Association Brotherhood of St Laurence Diamond Valley Learning Centre Inc Chisholm Institute of Technical and Further Education Continuing Education Bendigo Ltd 5,168 1,000 1,000 5,250 8,000 8,000 4,200 59,165 14,700 15,000 15,000 13,500 13,500 16,452 22,757 79,020 26,600 23,000 23,000 75,402 33,683 33,683 22,800 84,000 84,000 118,125 112,500 112,500 106,750 106,750 201,390 201,390 123,000 123,000 199,500 199,500 168,000 168,000 188,000 156,400 156,400 223,886 152,854 5,117,128

TOTAL TOTAL NEW WORKFORCE PARTNERSHIPS Women’s Vietnamese Australian Inc Association Central Gippsland Institute of TAFE Jewish Care (Victoria) Inc Melbourne Citymission Inc Mildura Rural City Council Mission Australia Moonee Valley City Council ParaQuad Victoria Employment and Training Peninsula Program Inc Workforce Plus Inc Young Men’s Christian Association of Victoria Inc, The Odyssey House Victoria House Odyssey Pan Bird Pty Ltd Employment and Training Peninsula Program Inc Council Representative Ethnic Russian of Victoria Inc Serbian Community Association of Inc Australia South Eastern Region Migrant Resource Inc Centre Spectrum Migrant Resource Centre Inc St Kilda Youth Service Inc Sunraysia and Murray Group Training Ltd Superior Staff PtyLtd VICSEG New Futures Victorian Arabic Social Services Inc Victorian Trades Hall Council White Lion Inc Workforce Plus Inc Young Men’s Christian Association of Victoria Inc, The Youth Connect Inc DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 150 Worn Gundidj Aboriginal Co-operative Ltd Co-operative Aboriginal Gundidj Worn Council City Hill Rural Swan Inc Club Netball Football Rumbalara Limited Pty Board On Matrix Inc &Training Employment Link JOBSEEKERS PROGRAM VICTORIAWORKS FORINDIGENOUS City of Ballarat of City The Branch), (Victoria Union Workers Australian Development Strategies Initiative. Workforce Industry Program, Retention Age Mature Connectus, Victoria, Provincial for Skills Global MANAGED PROGRAMS' WORKFORCE PARTICIPATION –'TRUST TOTAL TOTAL Council City Wodonga Wimmera Development Association Inc Council City Rural Wangaratta Branch) (Victorian Australia of Union Workers Transport Council City Hill Rural Swan Australia Check Health Sports Council Shire Pyrenees Limited Australia Seniors National Municipal Association of Victoria Council City Rural Mildura Mildura Inc. Development Corporation Council Shire Gippsland East of Justice Department Warrnambool of City Shepparton Greater of City Geelong Greater of City Bendigo Greater of City 1,598,063 360,000 423,600 423,600 100,000 125,000 124,250 124,250 710,370 110,000 110,000 94,000 56,000 50,000 80,000 80,000 80,000 80,000 60,000 95,000 72,000 23,625 23,625 16,563 21,000 87,500 47,520 8,250 8,250 4,125 4,125 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 151 – Part 3C – Part

4 – Part 5A (except to 5A (except 4 – Part the extent that it relates to the exercise of exercise that it relates to the the extent 9A of the and functions under Part powers ) and Part 1987 Act Planning and Environment is administered by Act remainder of the The 8. 4 and 7 and section Parts except the Premier, Minister for the by are administered 46, which Planning. City of South Melbourne. (The Act is otherwiseAct City (The of South Melbourne. the Treasurer, Assistant the by administered Minister for the Corrections, Minister for Change, the Minister and Climate Environment and the Ports, Health, the Minister for for Sport and Recreation.) Minister for Act 1977 Authority Melbourne Market Construction and Development Project 199 Act Management AVIATION INDUSTRY AVIATION MINISTER RESPONSIBLE FOR THE Act 1987 Planning and Environment Strategy Plan)Airport Environs (Melbourne as it relates to the land along in so far except either is shown that the Ninety Mile Beach Boundaries' as 'Areas within the Settlement Boundaries' or 'Areas outside the Settlement part of the documenton the plans forming Development entitled 'Ninety Mile Beach Honeysuckles The and Subdivision Controls: 2007August and dated Beach’ to Paradise 2009) incorporated June that was (revised by Planning Scheme Wellington into the Planning Wellington Amendment C48 to the Amendment C61 to by and revised Scheme, whether or Planning Scheme, Wellington the intonot that document remains incorporated in so (except Planning Scheme Wellington the is jointly to that land, this Part as it relates far Planning); administered with the Minister for as it relates to the land along 3C in so far Part either that is shown the Ninety Mile Beach Boundaries' as 'Areas within the Settlement Boundaries' or 'Areas outside the Settlement part of the documenton the plans forming Development entitled 'Ninety Mile Beach Honeysuckles The and Subdivision Controls: 2007August and dated Beach’ to Paradise 2009) incorporated that was June (revised by Planning Scheme Wellington into the Planning Wellington Amendment C48 to the C61 toAmendment by and revised Scheme, whether Planning Scheme, Wellington the or not that document remains incorporated (in so Planning Scheme Wellington into the is jointly to that land, this Part as it relates far Attorney-General); administered with the is otherwiseAct the administered by This Planning and the Minister for Attorney-General, the Treasurer. – Except sections 3 and – Except

– Part 2. Parts 1, 4 and 5 are 2. Parts – Part – Except sections 4, 5, 6, 7 and 8, sections 4, 5, 6, 7 and – Except – Part 2, Part 3 (Div 1-2) and Part 4. The 4. and Part 3 (Div 1-2) 2, Part – Part Act is otherwiseAct the Minister administered by and the Minister for Recreation Sport and for Planning. (Reserves) Land itAs Crown – Act 1978 2220; 2221; allotments 2219; applies to Crown allotments and Crown and 2222 on OP122930 and 2223 on OP122933, 2026; 2031; 2162; of Melbourne South, Parish County of Bourke, MAJOR PROJECTS Act Games Arrangements Commonwealth 2001 Child Employment Act 2003 Act Employment Child Act Leave Service Long Industry Construction 1997 (CommonwealthFair Work Powers) Act 2009 Act Service 1992Long Leave (Improved Act 2003 Protection) Outworkers Act Contractors and Forestry Owner Drivers 2005 Unions Act 1958 Trade MANUFACTURING, EXPORTS AND TRADE MANUFACTURING, Industry ParticipationVictorian Policy Act 2003 EMPLOYMENT AND INDUSTRIAL RELATIONS which are administered solely by the Premier, the Premier, are administered solely by which jointly is administered which and section 13, with the Premier. and severally DayANZAC Act1958 Minister for the by are administered 4A, which and section 4, is administered Affairs, Veterans Sport and Recreation. the Minister for solely by Film Act 2001 thejointly administered with the Minister for administered solely by Act, rest of the The Arts. Arts. the the Minister for Public Holidays Act 1993 Act 2003 Leases Retail Act 1996 Reform Shop Trading Small Business Commissioner Act 2003 Summer Act Time 1972 Agent-General and Commissioners for Victoria Victoria for Commissioners Agent-General and Act 2007 INNOVATION, SERVICES AND SMALL INNOVATION, BUSINESS APPENDIX 14 LEGISLATION ADMINISTEREDLEGISLATION BY OF BUSINESS THEDEPARTMENT AND INNOVATION DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 152 PROTECTION ACT 2001 ACT PROTECTION WHISTLEBLOWERS WITH COMPLIANCE Tourism Victoria 1992 Act 1996 Convention Exhibition Trust and Melbourne Act Emerald Tourist 1977 Act Railway for Planning. Minister bythe administered jointly is Act This General. administeredby the ActAttorney- isotherwise administered withthe Attorney General. The Wrongs 1958 Act 2003 Aerodrome FeesAct Landing Civil 1961 Aviation Act (Carriers’ Liability) 1990 Act Australian (Intrastate Airlines Services) The Whistleblowers Protection 2001 Act 15 APPENDIX Chinatown Historic – Precinct 1984 Act Australian Grand Prix Act 1994 TOURISM ANDMAJOREVENTS Information 1999 Act Disclosure Year 2000 Institutes Research 2008 Act Medical Repeal 2007 Act (Repeal) Medicine and Physiology Howard Florey Institute of Experimental TECHNOLOGY disclosure, tothe extent itislegallypossible. justice tothepersonwhois subjectofthe making thedisclosure.Itwillalso afford natural from anyactionin reprisal for detrimental to protectpeoplewhomake such disclosures The Departmentwilltakeallreasonablesteps health andsafety ortheenvironment. conduct involving risktopublic asubstantial mismanagement ofpublicresources,or corrupt conduct,conductinvolving asubstantial supports themakingofdisclosuresthatreveal administrative andmanagementpractices, inits ensuring transparencyandaccountability to disclosesuch conduct.Itiscommitted to reprisals againstthosewhocomeforward conduct by employees, of nor thetaking The Departmentdoesnottolerateimproper investigated andrectifyingactiontobetaken. a system for thematters disclosedtobe in accordancewiththe Act, andestablishes protection topeoplewhomake disclosures officers andpublicbodies. The Act provides disclosures ofimproperconductby public encourages andassistspeopleinmaking (Part VI) -thispartisjointly

email: [email protected] Internet: www.ombudsman.vic.gov.au Toll free:1800 806314 Telephone: (03)9613 6222 3000 Melbourne VIC Level 9,459CollinsStreet(North Tower) Ombudsman Victoria The Ombudsman. employees may alsobemadedirectlytothe actionbyor detrimental theDepartmentits Alternatively, disclosuresofimproperconduct email: [email protected] Phone: 96519768 3000 Melbourne Vic Level 35,121 ExhibitionStreet Trade Development &Industry Executive Director, SectorDevelopment David Latina Officer is: The Department’s Protected Disclosure email: [email protected] Phone: 96519524 3000 Melbourne Vic Level 31,121 ExhibitionStreet &Communications Corporate Services Director, HumanResources Vivienne Stanford The Department’s Welfare Manageris: email: [email protected] Phone: 96519862 3000 Melbourne Vic Level 31,121 ExhibitionStreet &Communications Corporate Services Director, Legal, Audit andRisk Martin Rosemary Coordinator is: The Department’s Protected Disclosure may bemadetothefollowing officers: action by theDepartmentor its employees Disclosures ofimproperconductordetrimental REPORTING PROCEDURES request. request. public bodyunderPart 6areavailable upon The by current procedures established the WHISTLEBLOWERS PROTECTION ACT2001 DISCLOSURES UNDERTHE website. employees areavailable ontheDepartment’s actionbydetrimental theDepartmentorits reporting disclosuresofimproperconductor Written guidelinesoutliningthesystem for FURTHER INFORMATION

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 153 0 0 0 0 0 0 0 0 0 10 ‑ n/a 2009 NUMBER 0 0 0 0 0 0 0 0 0 0 11 ‑ 2010 NUMBER changes effective 1 January 2011. T The Department of Business and Innovation The Office and Investment Trade Victoria Regional Victoria* Development of the Small Business Office The Commissioner Victoria Tourism Film Victoria Commission* Skills Victorian institutes* TAFE Major Victoria Projects

> > > > > > > > > The following Budget Portfolio Outcomes Budget Portfolio following The statements the by are not subject to audit Office and are Auditor-General’s Victorian not prepared on the same basis as the financial statements, as they Department’s include the consolidated financial information entities: of the following * ransferred out as part of machinery-of-government > > > > > > > > >

The Budget Portfolio Outcomes provide a Outcomes provide Budget Portfolio The financial comparison between the actual entitiesstatements of all general government and the forecasted within the portfolio published in the Budget Papers. information Outcomes are comprised Portfolio Budget The operating statement,of the comprehensive in equitybalance sheet, statement of changes and statement of cash flows. been Outcomes have Portfolio Budget The prepared on a consolidated basis and include entities within all general government Financial transactions andthe portfolio. balances are classified into either Controlled in accordance with theAdministered, or StandardAccounting 29 Financial Australian and agreed with Governments, by Reporting of the Budget in the context Treasurer the Papers. APPENDIX 16 BUDGET PORTFOLIO OUTCOMES Public interest disclosures disclosures interest Public disclosures Protected The number of disclosures referred during the year by thepublic body to the Ombudsman for determination as to whether they are public interest disclosures The number and types of disclosed matters referred to the public body by the Ombudsman for investigation The number and types of disclosures referred by the public body to the Ombudsman for investigation The number and types of investigations taken over from the public body by the Ombudsman The number of requests made by a whistleblower to the Ombudsman to take over an investigation by the public body The number and types of disclosed matters that the public body has declined to investigate The number and types of disclosed matters that were substantiated upon investigation and the investigation the of completion on taken action Any recommendations made by the Ombudsman that relate to the public body: management securityand file regarding Recommendation THE NUMBER AND TYPES OF DISCLOSURES MADE TO PUBLIC BODIES DURING THE YEAR: TO PUBLIC BODIES DURING THE TYPES OF DISCLOSURES MADE THE NUMBER AND DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 154 Other income Grants and other transfers other and Grants expense Interest Depreciation and amortisation Employee benefits Other Grants services and goods of Sales Interest Other operating expenses operating Other Capital asset charge asset Capital reserve revaluation asset physical in Changes Output appropriations TOTAL INCOMEFROMTRANSACTIONS statement operating Comprehensive NET RESULT TOTAL OTHERECONOMICFLOWS OPERATING BALANCE) NET RESULT FROMTRANSACTIONS(NET TOTAL EXPENSESFROMTRANSACTIONS 2011 June 30 ended for year the riation between 2010-11 actual and 2010-11 revised budget 2010-11 revised and 2010-11 actual between riation (b) and Education of Department the to sector the TAFE and Victoria Skills of transfer machinery-of-government the reflects primarily budget evised (a) COMPREHENSIVE RESULT NON OWNERCHANGESINEQUITY TOTAL OTHERECONOMICFLOWS- economic flows Other gains/(losses)from other receivables/payables and statutory instruments financial on gain/(loss) Net Net gain/(loss)on non-financial assets

Va R Early Childhood Development and the Regional Development programs to the Department of Planning and Community Development effective from from effective 2011. Development 1 January Community and Planning of Department the to programs Development Regional the and Development Childhood Early ariance in Grants received and paid is ariance inGrantsreceived andpaidis 1 follows: 11 actual and2010-11 revised budgetareas Explanation for majorvariations between2010- funding. primarily duetoadditionalMajor Events V

NOTES 1 1 2

(2,274,464.2) (2,334,474.9) (1,175,638.2) (1,158,836.7) 1,754,353.2 1,816,160.0 1,218,270.5 576,523.0 152,269.2 520,819.6 497,575.9 320,577.5 103,653.1 114,153.1 61,806.8 (1,796.1) 60,010.7 21,389.7 45,101.3 (966.6) ACTUAL (210.0) (619.5) 2010-11 180.3 $000

PUBLISHED BUDGET 2,596,872.7 2,560,087.4 1,090,046.6 1,973,250.3 545,436.8 646,552.5 504,325.7 219,173.8 39,402.3 36,885.3 36,785.3 76,287.6 99,984.8 26,563.2 10,504.4 32,281.4 28,897.9 19,341.0 2010-11 100.0 100.0 $000 4.0 he actual othereconomicflows primarily 2 – –

(a) above). machinery-of-government transfers (refer transferredrelates toreserves following the T REVISED BUDGET (2,560,807.5) (2,509,293.1) (1,398,200.5) (1,162,607.0) 1,724,956.8 1,777,894.5 1,234,211.6 320,548.4 574,626.2 474,694.4 (1,423.3) 515,516.0 117,420.1 114,153.1 52,937.7 51,514.4 45,880.3 82,863.0 22,851.4 (226.0) (220.2) (977.1) 2010-11 86.8 $000 (a)

VARIATION 226,332.6 234,828.9 222,562.3 (13,767.0) 29,396.4 38,265.5 (15,941.1) 69,406.2 22,881.5 (1,461.7) 8,496.3 8,869.1 (372.8) 5,303.6 3,770.3 1,896.8 (779.0) (740.6) 357.6 93.5 10.2 29.1 $000 – 327.7% -36.6% 107.7% -15.9% 26.2% 16.8% 16.5% -11.7% 83.8% -8.8% -9.4% (b) -4.6% -0.3% -6.4% -1.3% -1.7% 2.2% 4.8% 0.3% 0.0% 0.0% 1.7% 1.0% %

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 155 % 0.0% 0.0% 0.0% 5.7% (b) -6.6% 13.5% 15.9% -15.4% -12.6% -13.8% -56.1% -50.1% -61.8% -99.6% -42.8% -15.7% -15.7% -63.9% -48.6% -20.3% -39.8% -42.8% 1338.3% – – – $000 3,770.3 (4,027.1) (3,947.6) (8,614.5) 38,466.7 (6,078.2) (8,370.8) (5,228.8) 18,788.9 (57,179.9) 231,058.6 (49,205.2) (32,033.2) (57,179.9) (136,125.8) (335,633.6) (157,984.6) (176,773.5) (100,804.7) (100,804.7) VARIATION VARIATION

(a) – – $000 2010-11 6,390.6 8,404.0 29,118.1 98,118.1 17,265.6 48,383.1 28,008.7 35,000.0 65,888.8 34,004.5 241,666.7 130,550.1 597,989.6 212,993.5 133,626.8 133,626.8 776,890.7 643,263.9 643,263.9 332,458.3 444,432.4 REVISED BUDGET

$000 2010-11 9,270.7 6,235.5 9,935.6 8,943.6 54,127.2 40,000.0 66,496.3 619,191.1 297,365.0 186,478.3 267,458.8 266,720.8 492,786.9 492,786.9 2,839,129.1 1,382,165.2 1,248,689.7 1,054,923.3 4,178,565.1 1,193,370.7 2,985,194.4 3,685,778.2 3,685,778.2 PUBLISHED BUDGET V V government transfer of net assets, which of net assets, which transfer government through Contributed Capital effected was Accumulated but budget assumed through Surplus. Relocation project. The expenditure was expenditure The project. Relocation budgeted in other financial assets but plant recorded in property, was the actual the project was and equipment. Overall underbudget.

– – 2 ariance relatestotheMelbourneMarkets 3 ariance primarilyreflectsthemachinery-of- $000 33.2

2010-11 ACTUAL 2,443.0 31,779.0 76,867.7 25,091.0 48,912.9 28,775.7 35,000.0 33,855.6 42,304.9 76,446.9 76,446.9 121,935.6 280,133.4 248,324.2 262,356.0 351,247.2 618,906.1 267,658.9 542,459.2 542,459.2

2 1 3 1 3 2 NOTES

V is due to an increase in the number due and paid by of creditors invoices of the and the reduced size 2011 June Department post machinery-of-government changes. Early Childhood Development and the Regional Development programs to the Department of Planning and Community1 January Development 2011. effective from R Va

Receivables Inventories Other financial assets financial Other Investments accounted for using the equity method FINANCIAL ASSETS Cash and deposits Balance sheet as at 30 June 2011 1. 1. ariance incash/depositsandpayables (a) evised budget primarily reflects the machinery-of-government transfer of Skills Victoria and TAFEthe sector to the Department of Education and (b) riance between actual 2010-11 and revised 2010-11 between major variances budgetExplanation for budget revised and 2010-11 actual 2010-11 are as follows: NET ASSETS NET WORTH LIABILITIES LIABILITIES TOTAL NON-FINANCIAL ASSETS ASSETS TOTAL Accumulated surplus/(deficit) Payables Non-financial assets classified as held for sale including disposal group assets Reserves Contributed capital Borrowings Provisions Other Property, plant and equipment assets Biological assets Intangible DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 156 Payments of grants and other transfers other and grants of Payments Net borrowings Repayment of finance leases - policy purposes Net (purchase)/disposal of investments Payments for non-financial assets Net investment Government State by contributions Owner Payments to suppliers and employees and suppliers to Payments INVESTING ACTIVITIES NET CASHFLOWSFROM/(USEDIN) CASH FLOWSFROMINVESTINGACTIVITIES TOTAL RECEIPTS Government from Receipts riation between 2010/11 actual and 2010/11 revised budget. revised 2010/11 and actual 2010/11 between riation (a) OF THEFINANCIALYEAR CASH ANDEQUIVALENTS AT THEEND CASH EQUIVALENTS NET INCREASE(DECREASE)INCASHAND FINANCING ACTIVITIES NET CASHFLOWSFROM/(USEDIN) CASH FLOWSFROMFINANCINGACTIVITIES for the year ended 30 June 2011 June 30 ended for year the flows of cash Statement operating activities operating in) /(used from flows cash Net beginning of the financial year financial the of beginning the at equivalents cash and Cash from the ATO the from Tax recovered Services and Goods entities other from Receipts Total payments finance of costs other and Interest charge asset Capital Interest received Dividends received Other receipts

Va ariance is primarily as a result of the cash ariance isprimarilyasaresultofthecash 1 follows: 2010-11 actual and2010-11 budgetareas Explanation for majorvariations between

6 months. inflow ofthe TAFE institutes for thefirst V 1

NOTES 1

(1,551,830.1) (613,906.3) (613,906.3) (180,882.9) 1,918,170.2 1,436,786.8 (939,920.8) (188,869.0) (497,575.9) (425,037.3) 366,340.1 (114,153.1)

423,271.8 214,738.3 66,683.3 66,683.3 33,855.4 69,840.0 20,239.9 15,523.2 21,389.7 (3,156.7) ACTUAL (180.3) 2010-11 958.8 $000 – –

PUBLISHED BUDGET (2,480,521.6) 2,579,550.3 (1,757,022.1) (309,524.1) (309,524.1) 1,987,215.3 (504,325.7) (245,593.7) (32,289.2) (219,173.8) 266,720.8 178,206.2 178,206.2 (58,930.4) (20,064.5) 299,010.0 177,676.7 580,118.1 99,028.7 (5,000.0) 32,281.4 (128.7) 2010-11 658.2 $000 – – –

REVISED BUDGET (1,674,037.9) (1,085,103.6) (533,906.3) (533,906.3) 1,871,290.2 (148,849.6) 1,410,470.3 (108,869.0) (474,694.4) (425,037.3) 187,804.4 187,804.4 197,252.3 (114,153.1) 437,968.5 214,738.3 187,013.5 65,888.7 22,851.4 2010-11 (86.8) 790.9 $000 – – – – –

VARIATION (32,033.3) (32,033.3) (80,000.0) (121,121.1) (121,121.1) 169,087.8 (117,173.5) (80,000.0) (80,000.0) (22,881.5) (14,696.7) 122,207.8 145,182.8 46,880.0 20,239.9 15,523.2 (3,947.6) 26,316.5 (1,461.7) (93.5) 958.8 $000 – – – – – -107.7% -85.7% 499.1% -21.5% -15.0% -73.5% -15.0% 48.6% 64.5% 64.5% 62.7% -2.5% 13.4% -4.8% (a) -1.9% 0.0% 0.0% 0.0% 3.4% 6.4% 7.3% % – – – – – DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 157 % 0.0 0.0% -1.1% -0.3% 16.5% -0.3% (b) 0.0 0.0 $000 3,770.3 8,496.2 3,770.3 12,266.5 VARIATION VARIATION

(a) 0.0 $000 2010-11 51,514.5 (29,879.0) (1,162,607.0) (1,140,971.5) (1,192,486.0) REVISED BUDGET

0.0 $000 2010-11 (702.9) 28,897.9 36,885.4 28,195.0 65,080.4 PUBLISHED BUDGET

0.0 $000 2010-11 ACTUAL 60,010.8 (29,879.0)

(1,158,836.7) (1,188,715.7) (1,128,705.0) NOTES

Childhood Development and Regional Development to the Department of Planning and Community Development effective from 1 January 2011. R

Net result for the period COMPREHENSIVE RESULT (a) evised budget primarily reflects the machinery-of-government transfer of Skills Victoria and TAFEthe sector(b) to Variationthe Department between actual 2010-11 of Education and revised 2010-11 and budget.Early NET INCOME RECOGNISED DIRECTLY NET INCOME RECOGNISED DIRECTLY IN EQUITY Adjustment accumulated to surplus/ (deficit) Statement changes of in equity for the yearfor ended 30 June 2011 Changes in physical asset revaluation reserve Other DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 158 Other income Receivables deposits and Cash riation between 2010-11 actual and 2010-11 revised budget 2010-11 revised and 2010-11 actual between riation (a) TOTAL EQUITY NET ASSETS TOTAL ADMINISTEREDLIABILITIES TOTAL ADMINISTEREDASSETS NON-OWNER CHANGESINEQUITY TOTAL OTHERECONOMICFLOWS- NET RESULT 2011 June 30 ended for year the Administered items statement COMPREHENSIVE RESULT TOTAL OTHERECONOMICFLOWS INCOME LESSEXPENSES TOTAL EXPENSESFROMTRANSACTIONS TOTAL INCOMEFROMTRANSACTIONS Grants services and goods of Sales Interest Output appropriations Borrowings Payables for sale including disposal group assets assets group disposal including sale for held as classified assets Non-financial Contributed capital Contributed surplus/(deficit) Accumulated Interest expense expense Interest Payments into consolidated fund fund consolidated into Payments transfers other and Grants Other operating expenses expenses operating Other

Va

NOTES 6 1 5 6 2 3 4 (240,814.3) (240,814.3) (156,128.3)

554,914.0 (84,686.0) 314,203.0 462,416.0 314,099.7 65,432.6 25,949.9 25,949.9 14,433.2 92,498.0 76,949.3 55,635.0 11,516.7 40,274.5 11,252.3 17,771.0 5,764.6 1,226.4 2,316.9 ACTUAL 8,141.2 (103.3) 2010-11 $000 – - -

PUBLISHED BUDGET (200,018.4) (200,018.4) (150,981.5) 537,532.5 (49,036.9) 446,606.1 320,210.6 337,514.1 51,633.0 25,914.2 31,097.2 31,097.2 54,000.0 32,000.0 90,926.4 17,435.0 11,633.0 15,297.2 77,547.2 5,183.0 5,000.0 2,050.0 8,000.0 1,200.0 (131.5) 2010-11 $000 – -

REVISED BUDGET (201,518.4) (201,518.4) (152,481.5) 537,532.5 (49,036.9) 446,606.1 336,014.1 318,710.6 29,597.2 29,597.2 53,133.0 24,414.2 54,000.0 32,000.0 90,926.4 17,435.0 15,297.2 77,547.2 13,133.0 5,183.0 5,000.0 8,000.0 2,700.0 (131.5) 2010-11 550.0 $000 – -

VARIATION (39,295.9) (39,295.9) (12,897.5) (35,649.1) (21,914.4) (17,435.0) (3,647.3) (3,647.3) 12,299.6 (3,646.8) (5,000.0) (2,235.4) 17,381.5 (4,991.8) 15,809.9 (4,507.6) (1,473.6) 11,252.3 9,250.2 2,473.8 1,635.0 8,274.5 1,766.9 1,571.6 (597.9) 28.2 $000 – (a) -178% -321% 100% 100% -23% -19% -19% -26% -73% -16% 53% 38% 28% 55% 12% 12% 21% -3% -4% -3% -2% -2% % 0% 7% 1% 1% – DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 159

or the MCC not

ormer Melbourne Convention ormer Melbourne Convention ween interest and principalween Doc Maintenance costs f Sale of the f V V Split bet Centre occurred in June 2011 but budget 2011 in June Centre occurred assumed a later date. loanMelbourne Central City Studios) to equity but not budgeted. converted budgeted separately. Budget partly budgeted separately. and included in 'Grants and other transfers' fund' into consolidated 'Payments repayments). repayments). the MCC paid into the for revenue consolidated fund. Melbourne Convention Centre (MCC) being Melbourne Convention categories.recognised in other income of in relation to the financing repayments interest to budget (actual the MCC differs principal lower by higher but offset expense

6 Melbourne(formerly klands Studios 4 5 3 toreducedcleaningariance relates 1 thenew to grantincomefor ariation due 2 Explanation for major variations between variations major for Explanation 2010-11 actual and 2010-11 revised budget revised and 2010-11 actual 2010-11 are as follows: DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 160 OUTPUT GROUPS OUTPUT 17 APPENDIX Small Business OUTPUT GROUP Innovation Sector Development INNOVATION INDUSTRIES AND

Program Insights Innovation the in participating of aresult as methodologies and tools best-practice new implement to intend that companies of Percentage production Victoria Film by supported production media new and television film, of Value services sector financial the in assisted Companies supported by Film Victoria Film by supported Australian views of screen content Total OutputCost PERFORMANCE INDICATOR Total OutputCost Total OutputCost workshops and seminars lectures, in participating people Initiative: Sector Design completed immersions business Initiative: Sector Design person) in web, (call, interactions Business Victoria Film by supported Additional employment fromproduction Victoria Online to visits of number monthly Average Skills for Growth – training placements –training Growth for Skills Registration for online services online for Registration successfully mediated by Commissioner disputes business of Proportion Commissioner Business Small Victorian service Client satisfaction with mediation Commissioner Business Small Victorian programs business and information, referral, mentoring service business small of satisfaction Client Skills for Growth – businesses assisted –businesses Growth for Skills number of number of MEASURE $ million $ per cent per per cent per per cent per cent per (million) number number number number number number number number number number UNIT OF UNIT OF $ million $ million $ million FTEs 285,000 270,000 80,000 35,000 TARGET 2010-11 2010-11 2,340 4,480 3,500 33.4 14.0 42.2 40 90 90 38 80 78 75 12 427,546 411,914 ACTUAL 86,214 31,500 2010-11 2010-11 2,352 5,517 80.15 89.11 2816 92.8 78.4 94 90 41 10 VARIANCE 134.5% OUTPUT OUTPUT -16.6% -37.1% 58.3% 44.5% 10.0% 57.6% 11.0% 6.8% 2.5% 0.5% 0.5% 7.7% COST COST NOTE 1 8 7 3 2 6 5 4 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 161 9 11 15 12 13 16 14 10 NOTE COST 0.7% 3.2% 6.2% -7.8% -3.5% 74.3% 52.4% 20.0% 22.8% OUTPUT -22.2% -33.3% VARIANCE 5 2 6 13 16 16 21 25 37 27 60 381 6,142 2,790 98.09 82.93 4,080 43.55 2010-11 ACTUAL 5 3 5 8.3 13 16 16 41 25 37 95 28 27 60 90 22.5 92.2 250 164.9 1,600 4,050 5,000 2010-11 TARGET $ million $ million $ million $ million UNIT OF number number number number number number number number number number number number number number per cent per cent per cent $ million MEASURE New investmentsNew facilitated ICT Investment projects under development Jobs derived from investments facilitated sector services financial New investment projects under development. Companies providedCompanies with export assistance ICT policy reviews underway Investment projects development under Biotechnology projects and programs underway Contracts for the Technology Commercialisation program under management Science projects and programs underway ICT projects and programs underway Infrastructure Support Operational grants under management Small/medium enterprise (SME) projects development and research underway Percentage of funded science projects that are industry-led Information Victoria public contact per contact officer day per Timely provision of public information Total Output Cost Total Total Output Cost Total Output Cost Total PERFORMANCE INDICATOR PERFORMANCE Output Cost Total Number of major research and completed projects evaluation Customer satisfaction with information with satisfaction Customer Victoria Information servicesfrom Exports INVESTMENT AND TRADE Investment Attraction and Facilitation Strategic Policy Science and Technology OUTPUT GROUP DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 162 SKILLS ANDWORKFORCE Industrial Relations Promotion Development, Investmentand Regional Economic REGIONAL DEVELOPMENT OUTPUT GROUP Victoria regional in facilitated investment New Victoria regional in facilitated exports New Jobs created in regional Victoria regional in created Jobs Total OutputCost Total OutputCost PERFORMANCE INDICATOR accordance with Government policy Government with accordance in inquiries and cases relations industrial major in represented Victoria agenda Families Working the under delivered activities and programs the with satisfaction Client investment projects major and workplaces high-performing provided to facilitate innovative and Client satisfaction with services enquiries workplace general to Respond opportunities growth for assistance with provided Victoria regional in Companies promotion export with provided companies ICT facilitatedExports and imports replaced Trade fairs and missions supported missions and fairs Trade supported missions and fairs trade ICT assistance offered Client satisfaction with export MEASURE $ million $ million $ $ million $ per cent per cent per cent per per cent per number number number number number number UNIT OF UNIT OF $ million $ million 15,000 TARGET 2010-11 2010-11 1,100 200 775 739 100 160 175 41.4 90 90 80 29 7.7 6 ACTUAL 15,448 2010-11 2010-11 2,000 770.9 154.3 1,099 226 100 139 84 90 90 42 6 VARIANCE 170.6% OUTPUT OUTPUT -11.8% -13.1% 44.8% 13.0% 5.0% 3.0% 0.5% 0.1% COST COST NOTE 22 20 21 17 18 19 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 163 24 23 NOTE COST 9.2% OUTPUT VARIANCE 6 30 4.1 100 235 303 18.7 1.69 30.4 7100 12.19 50.75 2010-11 ACTUAL 11.0 76.6 100 qtr 4 6500 21-26 16-21 20-30 40-50 2010-11 1.5-1.7 TARGET 5.8-6.3 3.6-4.2 286-331 250-300 12.0-13.0 date (‘000) $ million $ million UNIT OF number number $ billion $ billion $ billion (million) per cent per cent per cent $ million $ million $ million $ million MEASURE V Impro conditions changed in January 2011, in January 2011, conditions changed through the program made referrals which largely unnecessary and reduced referrals Organisations Training from Registered to Service Providers. (RTOs) marketing, promoting account registration, of has made more potential users aware Business Victoria services.

3 engine insearch vements 4 Guarantee(VTG) Training ictorian xpected for two xpected for Delivery of nominated Major Projects Victoria projects complies with agreed plans Princes Pier: completion of the of completion Pier: Princes deckworks restoration the and refurbishment of the gatehouse programs Investment projects facilitated projects Investment Number of visitors (international) Victoria’s share of domestic tourism advertising awareness among target markets: interstate Value of media coverage generated: international Victoria’s share of domestic tourism advertising awareness among target markets: intrastate Total Output Cost Total PERFORMANCE INDICATOR PERFORMANCE Total Output Cost Total Visitor expenditure regionalin Victoria (domestic) Visitor expenditureVisitor (domestic) Visitor expenditure (international) visitvictoria.com annual visits to site Value of media coverage generated: domestic Visitor expenditure regionalin Victoria (international) T Figure is higher than e online forms has led to an increase in the online forms number of business interactions. reasons. First, data provided by OZTAM OZTAM reasons. First, data by provided to include 'time shifted' changed and the majority (recorded) views, of time- watched supported is now television there Secondly, rather than live. shifted highly successful ratings for strong were . as Offspring series such television new

MAJOR PROJECTS Major Projects OUTPUT GROUP Tourism MARKETING VICTORIA 2 he earlyimplementation of34new 1 Notes: DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 164 arget andReported numbersare 5 10, oftheDesign thedelivery Victoria 8 ublic Holiday Dates(331,968Page 7 6

targets fortargets 2010-11 will notbemet. – therefore, thecurrent budgetpaper and10completed' are1,400 respectively workshops' and'businessimmersions participating inlectures, seminarsand expectation for numberof'people reduced. Underthenew contract,the workshops andseminars)have been programs (businessimmersions, measure) hasbeencreated,andother integration program(andapplicable onto different programs. A new design needs, which resultedinashift offocus to reflect andpolicy changed industry Strategy was re-negotiatedwithRMIT ylight Saving (71,489- Page Views 50% onfourth quarterprevious year) * * age Views –up138% onfourth ictorian School Term Dates(252,814 vious year) * iews –down 6%onfourth quarterof resolution processprovided by VSBC. high-quality, low-cost andtimelydispute participants’ recognitionofthevalue ofthe client satisfaction achieved shows the score of4.64/5.0. The highlevel of achievedthe mediationservice amean to meetitsotherperformance measures. assisted, increasingtheprogram’s ability to fundtheadditionalbusinessesbe provides theprogramwith ability derived fromthe'atrisk'component ie placementsintotraining. The budget achieving ofkey performance measures, of thepayment atrisk,dependent onthe program placesasignificantproportion The payment methodologyfor the for thismeasureis47%above target. this measure.For 2010-11, theresult achieved 70%above resultsfor target results from2009-10, wheretheprogram cumulative for theprogramandinclude In 20 * In thesur T

up 30%onf Da 1 Home P quarter pre P V pre V P vey conductedin2010-11, age (194,385 Page Views -up vious year) ourth quarterprevious year)

he MedicalResearch Commercialisation 11 he bookshopandcallcentreconsistently 10 he increaseisduetoongoing 9 vestment exceeded targets asaresult of 16 exceeded obs targets asaresultoftwo 15 w methodofrecordinginvestment 14 arget of27was basedontheresults 13 12

Innovation Investment Fund. towards operationalsupportfor thenew Fund was awarded fundinginQ4thisyear method willbeimplementednext year. for Victoria Online. An alternatecollection satisfaction reportedby theonlinesurvey figure isaffected by thelower customer unhappy. The overall lower satisfaction are morelikelyhappy tobevery orvery site - those whoseektoprovide feedback on theuserexperience ofvisitors tothe survey tendstoattract polarisedviews collection method. The 'Rate This Site' Online isconsistentlylow, dueto results. Satisfaction ratingfor Victoria satisfaction basedoncustomer survey rates higherthan90%oncustomer of callstaken. abandonment ratesandincreasednumber in theCallCentre,resultingdecreased operational andtechnical improvements $200 millioneach,$200 allcaptured in2010 -11. six majorinvestment projectsinexcess of of 1,650. 2010 -11, withcombined jobsoutcomes major investment projectscaptured in investment projectsbeingcaptured. implemented, resultinginmany smaller projects undermanagementhasbeen feasibility studies fromround2. projects fromround1plus12 new of 21comprisesnine'Proof ofConcept' received inround2. Actual achievement Fewer applicationsthanexpected were achieved fromround1in2009 -10. Science Agenda). 28th projectsupportedunder Victoria’s green chemistry (andwould becomethe Commonwealth fundingintheareaof by theMinister, would leverage significant projectthat,ifapprovedindustry–focused with MonashUniversityaboutan T T T In J A ne T DBI iscur rently inadvanced discussions

DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 165 T T anticipated for 2010-11 were realised were 2010-11 for anticipated and resulted in a expected, earlier than for recorded figure being larger actual 2009-10. the completed in Quarter 4, and was and ancillaryrefurbishment of gatehouse to be completed in is expected works Quarter 2 of 2011-12.

24 restorationprogram he deck-works 23 met.Projects targetnot he annual was

wth across regional wth and awareness of wth and awareness une 2011 quarter, Information Information quarter, une 2011 ve exceeded yearly targets due yearly exceeded ve During the J Confidence and gro Increased number of trade missions due Increased number of T Continued gro Exports ha and Compliance Officers handled 4,397 public telephone enquiries (2,662 long employment, child service 1,111 leave, totalThis is an increase and 624 other). 3 quarters. compared to the previous Officers also handled 1,284 email enquiries (37 general enquiries and 1,247 case-specific); conducted 9 educational presentations and activities, and 39 28 external compliance visits; attended interviews of meetings, and conducted 17 complainants and employers. Victoria has been impacted by the has been impacted by Victoria dollar and theAustralian floods, high uncertainty the Commonwealth regarding carbon tax. investment Many Government outcomes) expected projects (with export been year have to close this financial postponed, in light of these and other Despite this, macro economic factors. the Department has managed to secure exports and significant continued Victoria. into regional investment provided with assistance for growth with assistance growth provided for is due to machinery-of- opportunities regarding the changes government of components of Regional transfer to Department of Victoria Development Planning and Community Development. to special trade mission program focusing program focusing to special trade mission on India. the program, combined with outboundthe program, combined Victoria Multimedia missions managed by (MMV), resulted in higher-than-expected using export number of companies program. to a very large export opportunity captured captured opportunity to a very large export worth $600 quarter of 2010-11, in the first million.

22 21 19 20 inthenumberofcompanies he shortfall 18 17 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 166 Legal, Audit andRiskManagement The Director The information isavailable uponrequestfrom: Tel: 0396519862 3000 Melbourne Vic Level 31,121 ExhibitionStreet Department ofBusinessandInnovation AVAILABLE UPON REQUEST AVAILABLE UPON DEPARTMENTAL INFORMATION ADDITIONAL OF SUMMARY 18 APPENDIX 11 10 9 8 ails ofoverseas visitsundertakenon xternal reviews undertaken. 7 6 5 4 ails ofpublicationsproducedby DBI 3 2 1 if applicable): to thefreedomofinformation requirements, Parliament andthepubliconrequest(subject available totherelevant Ministers,Membersof have by beenretained theDepartment,andare inrespecttotheitemslistedbelow details DirectionsoftheMinisterforStanding Finance, In compliancewiththerequirementsof

Department. Department. employees. marketing activities. business. departmental about theactivitiesofDepartment. or subsidiary. authority or heldbeneficiallyinastatutory Major Commit Industrial relationswithintheDepartment. Occupational HealthandSaf Major promotional,publicrelationsand Det Major researc Major e Changes inprices,f Det Shares heldb Declaration ofpecuniar and levies. and levies.

y senior officers as nominee y seniorofficersasnominee h anddevelopment activities. tees sponsored by the tees sponsoredby the

ees, charges, rates y interests.

ety of of ety

Email: [email protected] Fax: (+613)52299503 Tel: (+613)5223 2104 3220 Geelong VIC 69–71 MooraboolStreet Geelong VBC Email: [email protected] Fax: (+613)54425452 Tel: (+613)54424100 3550 Bendigo VIC 46 Edward Street Bendigo VBC Email: [email protected] Fax: (+613)53205998 Tel: (+613)53205900 3350 Ballarat VIC 48 Sturt Street Ballarat VBC Fax: (+613)93341301 Tel: (+613)93341300 3020 Sunshine VIC 2 Devonshire Road Suite 4&8 Sunshine (West MetropolitanRegion) Fax: (+613)94667367 Tel: (+613)99340600 3083 Bundoora VIC 20 EnterpriseDrive Suite 16, Level 1 University Hill Bundoora (NorthMetropolitanRegion) Fax: (+613)97945644 Tel: (+613)99380100 3175 Dandenong VIC Street 314A Thomas Dandenong (SouthEastMetropolitanRegion) AND VICTORIANBUSINESSCENTRES(VBCs METROPOLITAN ANDREGIONALOFFICES Website: dbi.vic.gov.au Fax: (+613)96519129 Tel: (+613)96519999 3001 Melbourne VIC PO Box 4509 Postal Address 3000 Melbourne VIC 121 ExhibitionStreet HEAD OFFICE DETAILS CONTACT 19 APPENDIX

) DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 167 VICTORIAN GOVERNMENT BUSINESSVICTORIAN GOVERNMENT OFFICES OVERSEAS San Francisco USA Perton Victor Commissioner Victoria for Street 575 Market Suite 375 CA 94105 San Francisco, America United States of 856 0552 (+1 415) Tel: 856 0517 (+1 415) Fax: Email: [email protected] Chicago USA Adlington Scott Manager Investment St Ste 4700 N Clarke 161 Chicago, IL, 60601-3201 America United States of 523 2116 (+1 312) Tel: 523 2001 (+1 312) Fax: Email: [email protected] New York USA Duffy Rebecca Manager Investment FL6 Ave 330 Madison NY 10017-5041 York, New America United States of 573 0955 (+1 212) Tel: 573 0957 (+1 212) Fax: Email: [email protected] Shanghai Republic of China People’s Stringer Patrick Commissioner Victoria for Suite 620, Shanghai Centre (West) Nanjing Road 1376 Shanghai China 200040 (+86 21) 6279 8681 Tel: 21) 6279 8575 (+86 Fax: Email: [email protected] TOURISM VICTORIA OFFICES TOURISM Sydney Victoria Tourism 18 Level Suite 7, 2 Tower Darling Park Street Sussex 201 NSW 2000 Sydney 6500 (+61 2) 9287 Tel: (+61 2) 9287 6507 Fax:

Wimmera Business Centre Wimmera Business 62 Darlot Street Horsham VIC 3400 2762 (+61 3) 5381 Tel: (+61 3)5381 2514 Fax: Email: [email protected] Mildura VBC Avenue Langtree 131 Mildura VIC 3500 2000 (+61 3) 5051 Tel: (+61 3) 5051 2020 Fax: Email: [email protected] Shepparton VBC Welsford Street 3/164 Shepparton VIC 3630 (+61 3) 5821 1811 Tel: (+61 3) 5822 2554 Fax: Email: [email protected] VBC Traralgon 33 Breed Street VIC 3844 Traralgon 9233 (+61 3) 5174 Tel: 7845 (+61 3) 5174 Fax: Email: [email protected] VBC Wangaratta Street Faithfull 27-29 VIC Wangaratta 3677 (+61 3) 5721 6988 Tel: (+61 3) 5721 2265 Fax: Email: [email protected] Regional Office Warrnambool TAFE of Institute West South Building B Timor St VIC Warrnambool 3280 (+61 3) 5561 4135 Tel: Email: [email protected] VBC Wodonga 6/22 Stanley Street VIC Wodonga 3690 (+61 2) 6056 2166 Tel: 2) 6056 2334 (+61 Fax: Email: [email protected] Horsham Regional Office Horsham Regional DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 168 Email: [email protected] Fax: (+603)20551489 Tel: (+603)20551502 Malaysia 50250 Kuala Lumpur 8 JalanIsmail Sultan Suite 23.1,Level 23MenaraIMC for Victoria Commissioner Tim Dillon Malaysia Kuala Lumpur Email: [email protected] Fax: (+813)3519 3375 Tel: (+813)3519 3371 Japan Tokyo, 100-0011 2-2-2 Uchisaiwai-cho, Chiyoda-ku Level 13, Fukoku SeimeiBuilding for Victoria Commissioner Prue Holstein Japan Tokyo Email: [email protected] Fax: (+852)28029675 Tel: (+852)25871133 Hong Kong 25 HarbourRoad, Wanchai 2108 HarbourCentre Investment Manager Allen Kwok People’s RepublicofChina Hong Kong Email: [email protected] Fax: (+8625)84709821 Tel: (+8625)84701231 China 210005 2 HanzhongRoad, Nanjing Room 1164, World Trade Centre,JinlingHotel Investment Manager Position Vacant (asat30June 2011) People’s RepublicofChina Nanjing

Email: [email protected] Fax: (+9714)3212700 Tel: (+9714)3212600 Emirates United Arab PO Box Dubai 58004, Emarat Atrium SheikhZayed Road Office 111, FirstFloor for Victoria Commissioner John Butler United ArabEmirates Dubai Email: [email protected] Fax: (+4969)66807466 Tel: (+4969)6680740 Germany 60318 Frankfurt amMain Eschenheimer26 Anlage for Victoria Commissioner André Haermeyer Germany Frankfurt Email: [email protected] Fax: (+4420)72406025 Tel: (+4420)78362656 United Kingdom 4LG London, WC2B Victoria House,MelbournePlace, Strand for Victoria Agent-General Sally Capp United Kingdom London Email: [email protected] Fax: (+9180)4122 7569 Tel: (+9180)4122 7560 India Bangalore 560001 10 MuseumRoad Level 1'Pride Elite'Building for Victoria Commissioner Geoffrey Conaghan India Bangalore DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 169 8 10 10 29 99 7, 9 118 116 n/a 125 152 155 123 123 122 122 122 169 166 102 102 133 153 153 100 PAGE 1993

Building Act Whistleblowers Protection Act 2001 Freedom of Information Act 1982 ased environmentalased impacts b ‑

Statement of availability of other information Disclosure index Details of consultancies over $100,000 Details of consultancies under $100,000 Disclosure of major contracts Reporting office of Application and operation of of operation and Application Compliance with building and maintenance provisions of Policy Competition National Statement on Application and operation of the Victorian Industry Participation Policy disclosures Summary of the financial results for the year Significant changes in financial position during the year Major changes or factors affecting performance events Subsequent Employment and conduct principles conduct and Employment Occupational health and safety policy Workforce Data disclosures disclosures officer Executive Nature and range of services provided structureOrganisational Operational and budgetary objectives and performance against objectives Manner of establishment and the relevant Ministers duties powers and functions, Objectives, REQUIREMENT Budget portfolio outcomes portfolio Budget 22B 22B 22B 22B 22B 22B 22B 25 22B 22B 22B 22B 22B 22B 29 22B 22B 22B 22B 22B 10 12A 24B 15B

LEGISLATION FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD FRD structure and Management FRD information other and Financial FRD Report of Operations purpose and Charter FRD FRD MINISTER DIRECTIONS The Annual Report of the DepartmentAnnual Report The is prepared of Business and Innovation Victorian relevant in accordance with all has been prepared to index This legislation. of the Department’s facilitate identification compliance with statutory disclosure requirements. APPENDIX 20 INDEXDISCLOSURE FRD 8A DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 170 SD4.2(c) SD4.2(d) SD4.2(c) SD4.2(c) SD4.2(b) SD4.2(a) SD4.2(b) SD4.2(b) statementsFinancial required 7of the Part FMA under Financial report Victorian Industry Participation Policy Act Policy Participation Victorian Industry SD4.2(f) Whistleblowers Protection Act 2001 Act Protection Whistleblowers 1983 Act Building 1982 Act Information of Freedom Legislation FRD FRD FRD FRD notes in statementsOther to disclosures the financial Multicultural Victoria 2004 Multicultural Act 1994 Act Management Financial LEGISLATION

21A 11 13 9A Accountable officer’s declaration Rounding of amounts Compliance with Ministerial Directions Ministerial with Compliance Compliance with Australian accounting standards and other authoritative pronouncements authoritative other and standards accounting Australian with Compliance Statement Flow Cash Equity in Changes of Statement Balance Sheet Operating Statement Operating Statement Compliance with Model Financial Report Financial Model with Compliance REQUIREMENT Responsible person and executive officer disclosures officer executive and person Responsible ex of Disclosure liabilities and assets administered of disclosure Departmental Disclosure of parliamentary appropriations ‑ g ratia payments ratia

2003 PAGE 122 123 123 152 48 94 94 83 82 27 87 28 23 27 27 26 20 25 24 DBI ANNUAL REPORT 2010 - 2011 04 APPENDICES PAGE 171 Copyright Copyright

PHOTOGRAPHY Goverment, Australian Images courtesy of the Images and iStockphoto. Getty Department of Defence, this publication in an to receive like would If you as large print, please email such accessible format, [email protected] on in an accessible format document is also available This the internet at dbi.vic.gov.au publication is This 2011. Victoria State© Copyright of process any be reproduced by No part may copyright. of the in accordance with the provisions except . 1968 Act Government, Victorian the by Authorised Department of Business and Innovation 3000Vic Exhibition Street, Melbourne 121 3001 Vic 4509, Melbourne PO Box Address: Postal 03 9651 9999 Tel: 03 9651 9129 Fax: (Print) ISSN 1447-5014 (Online) ISSN 1447-5022 SCB/5656 DBI 2010-11 ANNUAL REPORT DBI 2010-11 ANNUAL of the Department covers Report Annual 2010-11 This an individual entity. Innovation Business and and Innovation. Department of Business the by Published Also published on dbi.vic.gov.au September 2011. CONTENT COORDINATION Branch, Strategic Communications and Innovation. Department of Business DESIGN AND PRODUCTION Branch, Strategic Communications and Innovation. Department of Business of this cover The Finsbury managed by Green. Print text The Art Silk. on Hanno document has been printed printed on Impress Silk which pages of this document are and all fibre sourced according has been manufactured to the FSC Chain of Custody Standard SGS-COC-2262, forests. promoting well-managed