TABLE OF CONTENTS 2 About this report 3 About us 4 CEO’s review 5 Chairman’s outlook 6 Performance highlights 8 Review of operations 20 SunWater organisational structure 21 SunWater Board 24 SunWater executive management team 26 Directors’ report 28 Auditor’s independence declaration 29 Financial report 68 Corporate governance 72 Compliance in key areas 74 Summary of other SCI matters 76 Scheme statistics 79 SunWater dam statistics 80 Glossary 82 SunWater operations and infrastructure 2016 ABOUT THIS REPORT This Annual Report provides a review of SunWater’s financial and non-financial performance for the 12 months ended 30 June 2016. The report includes a summary of activities undertaken to meet key performance indicators as set out in SunWater’s Statement of Corporate Intent 2015–16 (SCI). The SCI represents our performance agreement with our shareholding Ministers and is summarised on pages 8 to 18, 74 and 75. This annual report aims to provide accurate information to meet the needs of SunWater stakeholders. An electronic version of this annual report is available on SunWater’s website: www.sunwater.com.au We invite your feedback on our report. Please contact our Corporate Relations and Strategy team by calling 07 3120 0000 or email
[email protected]. 2 SUNWATER ANNUAL REPORT 2015-16 ABOUT US SunWater Limited owns, operates and facilitates the development of bulk water supply infrastructure, supporting more than 5000 customers in the agriculture, local government, mining, power generation and industrial sectors. The map at the back of this report illustrates The main operating companies within SunWater’s water supply network also SunWater’s extensive regional presence SunWater, and their activities, include: supports Queensland’s mining sector, in Queensland and highlights our existing • Eungella Water Pipeline P/L (EWP) supplying water to some of Queensland’s infrastructure network, including: owns and operates a 123 km-long largest mining operations.