Royal Botanic Gardens and Domain Trust Annual Report 2018-19

Royal Botanic Gardens and Domain Trust Annual Report 2018-19 1 The Hon Rob Stokes MP Minister for Planning and Public Spaces 52 Martin Place SYDNEY NSW 2000

30 October 2019

Dear Minister

On behalf of the Royal Botanic Gardens and Domain Trust, we have great pleasure in presenting our 2018–19 Annual Report for presentation to Parliament.

This report covers the Trust’s activities and Statement of Accounts in accordance with the Royal Botanic Gardens and Domain Trust Act 1980, the Annual Reports (Statutory Bodies) Act 1984 and the Annual Reports (Statutory Bodies) Regulation 2010.

Yours sincerely

Philip Marcus Clark AO Denise Ora Trust Chairman Executive Director Royal Botanic Gardens Botanic Gardens & and Domain Trust Centennial Parklands

Cover image: Wollemi pine — the sequencing of the genome of this iconic species is underway in a collaboration between scientists from the Royal Botanic Garden and the Deakin Genomics Centre. By mapping the genome, our scientists will better understand past environments that allowed the tree to be more widespread and also how to combat its biggest threat, the deadly disease Phytophthora cinnamomi. Image above: In June 2018 the NSW Government announced a $60 million package to move the National Herbarium of New South Wales to the Australian Botanic Garden Mount Annan. Pictured above is a first concept image for the new Herbarium, created by leading Australian architectural firm Architectus with Richard Leplastrier and Craig Burton.

2 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 3 Acknowledgement of Traditional Owners Contents We acknowledge the traditional custodians of Trust lands — the Cadigal, Darug and D’harawal — and recognise the strength, resilience and capacity of the Aboriginal people of these lands. 06 About the Royal Botanic Gardens and Domain Trust

16 Science and conservation performance

26 Environmental performance

32 Social performance

44 Financial performance

48 Financial statements

90 Appendices

Image left: Sea holly (Eryngium maritimum) is a weed along New South Wales coastal dunes. Specimens provide valuable information about its location over time. Sharing our collection online will contribute important data to help monitor and manage the spread of invasive species. The largest digitisation project in the South Hemisphere is underway at the National Herbarium of NSW in the Royal Botanic Garden Sydney, with more than 1.4 million preserved plants being photographed, providing protection and global access to our valuable specimens.

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OUR LANDS samples gathered by Banks and Annan is devoted to showcasing the in mid-2018 as the current site at the THE DOMAIN Annan and the Blue Mountains The Royal Botanic Gardens and Solander during the historic 1770 enormous diversity of Australian flora. Royal Botanic Garden is nearing Endowed with significant natural and Botanic Garden Mount Tomah. Domain Trust is responsible for voyage of the Endeavour. Within the capacity. Construction of the new cultural heritage values, the Domain’s three iconic botanic gardens and Herbarium is the Daniel Solander Located in Sydney’s south-west Herbarium is expected to commence 34 hectares of urban parkland wrap In January 2014 the NSW one of Australia’s most significant Library which is the premier botanical between Camden and in late 2019. around the Royal Botanic Garden on Government announced that the public parks. and horticultural library in Australia. Campbelltown, the Garden features the edge of Sydney’s CBD. The park operational staff from the Royal horticultural displays in addition to BLUE MOUNTAINS BOTANIC plays a central role in the city’s Botanic Gardens and Domain Trust ROYAL BOTANIC GARDEN The Garden attracted almost 5.5 natural areas of remnant Cumberland GARDEN MOUNT TOMAH large-scale festivals and cultural would integrate with operational staff SYDNEY million visitors from around Australia Plain Woodland, an endangered The Blue Mountains Botanic Garden events, in addition to the recreational from the Centennial Park and Moore The 30-hectare Royal Botanic and further afield during the 2018-19 ecological community of the region. is one of a kind — the only botanic and sporting pursuits of city workers Park Trust. The operating name for Garden Sydney is not only financial year. garden anywhere in the world to be and residents. the new administrative entity was Australia’s oldest botanic garden, The Trust’s plant conservation located within an UNESCO* World subsequently confirmed as Botanic but the oldest living scientific In November 2018 the Royal Botanic research facilities are based at the Heritage Site. MANAGEMENT RESPONSIBILITY Gardens & Centennial Parklands. institution in the country. Garden was named Major Tourist Garden, including the award-winning The Royal Botanic Gardens and Attraction of the Year at the NSW Australian PlantBank which houses A showcase of local and imported cool Domain Trust is the statutory body, *a World Heritage Site is a landmark or area which is selected by the United Nations Featuring an outstanding collection Tourism Awards. the New South Wales Seedbank. climate plants and alpine rainforest, the established under the Royal Botanic Educational, Scientific and Cultural Organization of more than 28,000 plants from Garden is situated 1,000 metres above Gardens and Domain Trust Act 1980, (UNESCO) as having cultural, historical, around the world, the Garden is also AUSTRALIAN BOTANIC GARDEN The Australian Botanic Garden will sea level in the Greater Blue Mountains to oversee the management and scientific or other form of significance, and is home to the National Herbarium of MOUNT ANNAN also become the new home of the and encompasses 28 hectares of stewardship of the Royal Botanic legally protected by international treaties. New South Wales with more than 1.2 Recognised as Australia’s largest National Herbarium of New South curated garden and a further 244 Garden Sydney, the Domain, the million plant specimens, including botanic garden, the 416-hectare Wales. The NSW Government hectares of wilderness. Australian Botanic Garden Mount scientific and historically significant Australian Botanic Garden Mount announced the $60 million package

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We are proud that the Royal Botanic Under our enabling legislation we also have I felt honored and privileged to be In addition to detailed planning and Garden Sydney ranks high among the top an education remit and more than 2,500 formally appointed to the role of design progressing, we commenced a ten botanic gardens in the world. innovative learning programs were delivered Executive Director of our State’s iconic major three-year project to digitise our during the year by our education team. Botanic Gardens & Centennial 1.4 million herbarium specimens — the In 2018-2019 the Royal Botanic Garden Parklands in June this year following six largest digitisation project in the Sydney and Domain again ranked in the Kim Ellis concluded his time as Executive months of acting in the role. southern hemisphere. top ten tourist attractions in Australia in Director of Botanic Gardens & Centennial terms of visitor numbers, with over 11 Park in January 2019 to take up a position Our public spaces not only inspire The Australian Institute of Botanical million visits. For the second year running as Director of the Australian Antarctic personal connections to Australia’s Science will be anchored by the the Garden won the award for Major Division. Kim made an outstanding natural beauty and rich culture and Australian Plantbank – positioning NSW Tourist Attraction of the Year in NSW. contribution during his tenure and we wish heritage, but lead the way in botanical as a global leader in botanical sciences him well in his new position. science, horticulture, education and and providing solutions to critical areas The Gardens and the Domain are more plant conservation. such as climate change, species than great green spaces and tourist The outcome for the search for Kim’s conservation, plant disease prevention amenities. We are also the oldest scientific successor resulted in the well-deserved This year we have recorded remarkable and species discovery. institution in Australia. During the year promotion of Denise Ora as our new achievements as detailed throughout some great work was done to develop our Executive Director. On behalf of the Trustees this report. I would like to thank my During 2018-2019 our vital plant new science strategy and to begin I welcome Denise to her role. We value her predecessor Kim Ellis for his science work has received all-important implementing that strategy. considerable talents and look forward to contribution and tireless support in recognition through 34 prestigious continuing to work with her. delivering these great outcomes. research grants. Good progress was made on the new home for the National Herbarium of NSW We are fortunate indeed to have a We started the year with national Looking forward, my focus will be on at the Australian Botanic Garden Mount dedicated executive team and staff to recognition after the Royal Botanic delivering a sustainable and resilient Annan, adjacent to the Australian support Denise and I thank them all for their Gardens Sydney was name Major long-term outcome for the Royal PlantBank. The design for the new hard work and achievements during the Tourist Attraction of the Year at the Botanic Garden Sydney and the Herbarium building – with inspiration from year. NSW Tourism Awards for the second Domain, the Australian Botanic Garden the seed of the waratah – has been year running. Mount Annan and the Blue Mountains I acknowledge the contributions of Trustees finalised and we expect construction to Botanic Garden Mount Tomah. who retired during the year, after years of In October of 2018 a report by Deloitte begin in 2020. valuable service. They are, Ken Boundy, Access Economics found that our three I am grateful for the efforts of all our The new state-of-the-art facilities are being who preceded me as Chair, Maria Atkinson, Gardens contribute approximately staff, volunteers and the Foundation & funded by a $60 million package from the Sandra Hook, Jennie Churchill and David $140 million to the NSW economy Friends, and wish to commend their NSW Government along with additional Saxelby. Sincere thanks to each of them for each year, support more than 1,100 tireless energy and dedication as we philanthropic and corporate funding. their contributions to the success of the jobs, and make more than $180 million protect and promote our valuable Bringing together the new Herbarium and Gardens. in social and cultural contributions for collections and assets, expand our the Australian PlantBank will provide local visitors each year. research and expertise, and continue to I also welcome my colleagues who have outstanding plant science infrastructure, in imagine, play, learn, and discover. been appointed as Trustees during the year: The past twelve months has also seen the growing scientific hub of Western Giselle Collins, Penny Diamantakiou, Mark great progress for the Australian Sydney. I am confident that our Fleming, Tony Pearson and Debra Institute of Botanical Science, infrastructure and our new science strategy Townsend. I am fortunate to have such encompassing a state-of-the-art will underwrite our ambition to be talented colleagues to support the work of National Herbarium of NSW at the recognised nationally and internationally as Denise Ora the Trust. Australian Botanic Garden Mount the pre-eminent Australian research Executive Director Annan. institution for plant science and horticulture. Finally, sincere thanks to our philanthropic Botanic Gardens & and corporate supporters, our volunteers Centennial Parklands The new Herbarium will form part of the and the Foundation and Friends of the Australian Institute of Botanical Science, a Botanic Gardens. Without your generous new name to unite all science facilities, support, it would be impossible to meet the research and the living collections at our objects of the Trust under our enabling Botanic Gardens across Sydney. legislation and to keep the Gardens open During the year, a major project to digitise and flourishing. the National Herbarium of NSW’s collection of over 1.4 million preserved plant specimens commenced. I wish to acknowledge the generous financial contribution and support from the Philip Marcus Clark AO Foundation and Friends of the Botanic Trust Chairman Gardens, which is helping to make this Royal Botanic Gardens & exciting project possible. Domain Trust

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More than just a great place to visit, our Garden is a living lab. Home to some of the world’s most valuable plant scientists, solving some of humanity’s most vital challenges. Including our plant disease diagnostics work and plant pathology research at PlantClinic. This research is helping to inform disease management, both in the cultivated and natural environments, and enhance our conservation efforts across Australia’s fragile ecosystems.

rbgsyd.nsw.gov.au/science

THE VITAL SCIENCE

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THE VITAL SCIENCE Strategic plan 2015-2020 Delivering sustainable and world-leading botanic gardens and parklands

OUR VISION CORE VALUES OUR STRATEGIC PRIORITIES

We aspire to be:

• world-class curators and managers of • Relevance — we deliver extraordinary quality and value 1. Grow and diversify our funding sources internationally-valued botanic gardens, parklands for the community, our customers and stakeholders and collections 2. Build a leadership-, stakeholder- and customer-focused organisation • Respect — we value, support and develop our people • universally recognised as making a significant • Vitality ­— we are innovative and adventurous 3. Build a world-class education capability contribution to the quality, understanding and enjoyment of life • Leadership — we are inspiring as individuals and as an 4. Ensure our science-based research, conservation, horticultural capacity, activities and collaborations are locally and globally relevant organisation • advocates and custodians for our unique heritage and sites, and their national and international • Sustainability — we are dedicated to securing our 5. Focus our operations on efficient and effective asset management significance environmental, social and financial future 6. Maximise participation in all sporting, leisure activities and reflective recreation • outstanding leaders in providing exceptional • Resilience — we are adaptable while focused on our science, horticultural, educational, cultural and core outcomes 7. Ensure our strategies and plans are current, relevant, forward-looking and our stakeholders and communities fully consulted recreational offerings • Collaboration — with those around us, within our teams • one of the top five botanic gardens and parklands and with our partners, stakeholders and the community 8. Deliver an outstanding visitor experience. in the world. • Integrity — we are always ethical, responsible, transparent and accountable.

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Financial summary

OUR KEY FINANCIAL OVERVIEW 2018-19 2017-18 2016-17 2015-16 $m $m $m $m In the 2018-19 financial year the Royal Botanic Gardens and Domain Trust was able to again generate increased revenue, after allowing for a one-off grant of $3.3M in 2017-18, but it is still reliant on recurrent government funding to support operating Trust generated revenue 24.9 26.7 23.1 21.0 expenses. Trust operating expenses 47.9 46.1 43.2 43.0

Any surpluses generated are directed towards the Trust’s capital program, particularly to address deferred maintenance works. Government recurrent funding contribution 22.6 21.7 21.0 22.3 % Trust self-funding 53% 53% 51% 48%

WHERE FUNDS COME FROM WHERE FUNDS ARE SPENT

Other operating expenses 19.7% Other contributions 34.9% % Business activities 32.8 Capital grants % Employment related % 3.9 expenses 51.9

Use of Trust % cash balances 2.3 Increase in Trust % cash balances and 4.7 Maintenance 41.3% Recurrent grants investments - 0.0% 8.5% Asset acquisition

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Significant progress was made implementing the intentions and directions from the 2017 independent review of the science and conservation programs. A new 20-year mission and vision for science and conservation was developed, and a new five-year strategic plan. Detailed planning and design of the new National Herbarium of NSW at the Australian Botanic Garden progressed and we commenced a major three-year project to digitise the 1.4 million Herbarium specimens.

Professor Timothy G Reeves, who Species Scientific Committee, the chaired the independent review, last two years of which he was Chair. assessed progress in November 2018. He provided a very favourable GLOBAL STRATEGY FOR PLANT report, identifying the rate of CONSERVATION progress and achievements realised We are committed to contributing to as remarkable. the objectives and targets set in the Global Strategy for Plant Further steps were taken to Conservation 2011-2020 which strengthen the science and provides a framework for actions at conservation program including global, regional, national and local establishing the new Director levels to conserve plants and Science and Research and Chief Botanist role to vegetation communities. advocate for plant science and conservation, and creating the The Strategy has five key objectives: Australian Institute of Botanical conservation Science to unify the programs and • plant diversity is well understood, reflect our function as a national and documented and recognised international resource for nature • plant diversity is urgently and conservation and plant research. effectively conserved • plant diversity is used in a performance Dr Cathy Offord was awarded the sustainable and equitable manner 2018 NSW Premier’s prize for • education and awareness about Science Innovation in NSW Public plant diversity, its role in Sector Science and Engineering. This sustainable livelihoods and recognised her leading research that importance to all life on earth is has generated environmental promoted benefits on a global scale. • the capacities and public engagement necessary to Dr Marco Duretto completed his implement the Strategy have been tenure on the NSW Threatened developed.

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KEY ACHIEVEMENTS Staff and Honorary Associates extensions of many species, are illustration across the three Gardens. fragments into their original order. This Rossetto has established a Plant diversity research — more completed several fieldtrips within regularly documented which is Some 44 artworks were submitted by process is computationally intensive collaboration with the Big Scrub than 30 major research projects Australia to collect material for particularly important in relation to 26 artists from 17 countries. and requires dedicated equipment and Landcare Group aimed at expanding currently underway specific research projects threatened species. In addition to software in addition to specialist our existing rainforest work with an investigating undescribed species Indigenous flora, new records of alien Capturing genetic diversity in knowledge. additional 20-plus species also Staff and Honorary Associates and species complexes, in addition and sometimes potentially invasive seed collections sampled into Queensland, and a continue to conduct research on the to larger phylogenetic projects. and/or weedy species are regularly Dr Marlien van der Merwe is leading So far, Dr Jason Bragg has been collaboration with the Australasian taxonomy, nomenclature Larger trips were funded through recorded for NSW and Australia. a NSW Environmental Trust funded spearheading the preliminary Network for Plant Conservation systematics, development and research grants and trips usually project Increasing the adaptive genome assembly of two species aimed at establishing Seed Production biogeography of a wide diversity of targeted poorly collected taxa and/or Botanical Information Service potential of restored plant that are affected by myrtle rust, Areas for Banksia marginata and plant groups including algae, areas. For example: Yola Metti — more than 2,400 enquiries assemblages. Seed collection forms Rhodamnia argentea and Syzygium involving sampling across NSW, bryophytes (for example mosses and collected the red algal group The Botanical Information Service a vital part of many restoration oleosum, as part of a collaborative Victoria and South Australia. Larger liverworts) and vascular plants (for Polysiphonieae in Tasmania; Richard (BIS) received 2,405 enquiries from projects, yet little knowledge is project with the University of New industry-based partnerships and example flowering plants and ferns). Jobson with his PhD student Paulo the public and retained 425 of the available on how to capture the South Wales and the Australian University-based research grants are Projects include small ones Baleeiro collected Themeda specimens provided for the National genetic variation that will ensure the National University aimed at also being explored. describing newly discovered species (Poaceae; Kangaroo Grass) and a Herbarium of New South Wales long-term viability and evolutionary progressing research into rust and large monographic studies number of threatened species of the collection. Many of these collections potential of the target species. resistance. It is hoped that the A direct outcome of the development covering entire genera and families, wetland genera Eriocaulon are regarded as highly significant and findings will support the long-term of the Restore and Renew research in addition to molecular and (Eriocaulaceae) and Utricularia include 40 threatened species, Dr Patricia Lu-Irving has collected management of species threatened framework has been the ability to morphological phylogenetic studies (Lentibulariaceae; Bladderworts) extensions of range, troublesome seed from up to 12 individuals across by this recently introduced pathogen. seamlessly integrate additional investigating evolutionary across tropical Australia; Matt Renner weeds and new or undescribed multiple sites for nine species used in research-based priorities, such as the relationships within selected plants and Russell Barrett surveyed remote species. For example, the restoration in the Sydney sandstone We are also collaborating with Deakin development of evolutionary-based groups. areas of the Blue Mountains (NSW) to Schizolobium parahyba (Brazilian region (including Banksia, Hakea, University in the assembly of the conservation strategies for the NSW collect rare and unnamed species of Fern Tree) was recorded for the first Acacia). An essential step of the genome of the Wollemia nobilis. This Government Saving our Species Pultenaea (Fabaceae; Bitter Peas); project is complex as the Wollemi The team is heavily committed to time for NSW on the North Coast and project is to keep the seed of each program. and Matt Renner increased our pine genome is about 10 times larger more than 30 major and productive Ipomoea fimbriosepala, a widespread mother plant separately in order to knowledge of Bryophytes significantly than the other two species (in the research projects with collaborators tropical species, was recorded for the estimate the potential contribution of Threatened species research with targeted fieldtrips in NSW and paragraph above), but by studying locally, across Australia and globally. first time for NSW and Australia, also single individuals to restored north Queensland, including one with this iconic species’ genome we will and conservation — across a Funding is actively sort and there from the North Coast. populations. was a 75% success rate for colleagues from East China Normal discover why it is so rare and when it diverse range of projects University that resulted in the second declined to its current numbers. Saving our Species (SoS) is a submitted grants and four newly PlantNET – New South Wales Currently seed germination funded projects started in 2019 collection of Tuyamaella five-year program that aims to secure Flora Online ­—more than experiments have been completed including a postdoctoral position. (Lejeuneaceae) in Australia. Restore & Renew — delivering threatened plants and animals in the 22,250 users for eight species at the Australian data for restoration wild in NSW. We are contributing to Work on the NSW Flora Online has Botanic Garden’s nursery facilities. threatened species conservation and Results were communicated in more New species — a total of 31 The Restore and Renew project aims continued through the year with Plants from three species are being this significant State Government than 50 scientific publications and at taxa described or reassessed to support ecological restoration and updates as new species have either used for growth rate and biomass national and international Species that are new to science are is taking advantage of newly program across a diverse range of been discovered and published or experiments, and seedlings and conferences. Staff also discovered and formally described developed technologies to develop projects outlined below. Other collected in NSW for the first time (ie mother plants of four species have communicated their research every year by our scientists who research-based restoration and funding comes from the restoration already known from other states and been genotyped. Data analyses are through floras, including the NSW investigate the relationships of management guidelines for 250 plant sector. weed records). Preparation for the also inferring mating systems, Flora online, and in more general various plant, algal and fungal species representing the breadth of Digitisation Project has included indicating for example that both B. publications and talks to the groups. Species are discovered NSW’s floristic diversity. It samples Ex situ seed project — this three-year updating the Australian Herbarium aemula and B. serrata are largely community. We hosted a Plant Traits through careful examination of six individuals from multiple sites, for funded, statewide threatened species collections to be in line with the outcrossing while Acacia suaveolens Workshop, organised with herbarium collections as well as each of the many target species. project secured an additional 299 Australian Plant Census and while has a mixed mating system Macquarie University, at the Royal through field and laboratory research. Depending on the distribution of the new seed collections (representing 87 this is occurring the NSW Flora dominated by localised self- Botanic Garden Sydney that was The botanists formally described 22 species, there can be as little as 15 species) in 2018-19. A key objective Online has been updated pollination. Information from this attended by 38 systematists and species, two subspecies and one populations (for example Correa alba) is that seed collections are able to substantially with many new species, project will provide valuable empirical ecologists. section new to science, and made six or as many as 50 (for example support the full range of SoS on- genera and some families added (or data for restoration practitioners and ground conservation actions, new formal combinations in the year can be used to update current Lomandra longifolia). Over the year, Field collections provide essential removed). PlantNET is heavily associated research and long-term (total 31 taxa described or germplasm collection strategies and some 6,016 samples were collected material for research and add reassessed). utilised with an average of 22,254 and submitted for genotyping conservation storage. These seed collecting guidelines. significantly to our knowledge of scientists, students, consultants and (representing over 70 species), with collections have increased the seed Australia’s biodiversity through Newly described taxa include other users and 281,053 page-views 24 species being fully sequenced. In collection at PlantBank to 61% of Genome assembly research – physical collections added to the Leionema praetermissum (Rutaceae; per month. Daily correspondence the process 364 new vouchers were NSW threatened flora now held. National Herbarium of NSW that are a shrub) that is restricted to a small with our users of NSW Flora Online is assembling the Wollemi lodged in the National Herbarium of available for researchers both area north-west of Sydney, three ongoing, with public input being pine genome to combat deadly New South Wales and more than Threatened species translocations — physically and soon digitally as high species of Blecknum (Blechnaceae; a imperative in adding to the pathogen 1,000 field sites were visited. the establishment of additional wild resolution images. The data fern) from the Pacific and Plagiochila development and refining of the NSW The Evolutionary Ecology team is populations (via conservation associated with these collections are aemula (Plagiochilaceae; a Liverwort) Flora Online. collaborating in the generation of The Restore & Renew webtool has translocations) is necessary to secure made available to the public through that is known only from very few and several plant genome assemblies. now been finalised through the some species in the longer term and the NSW Flora Online (PlantNET), fairly recent collections from the Margaret Flockton Award — Genome assembly is a complex efforts of Dr Peter D. Wilson and Dr safeguard against extinction. Under Australia’s Virtual Herbarium (AVH), western flank of Mount Bartle Frere shining the spotlight on botanical process that involves the extraction of Hannah McPherson. The data from a the SoS program, the Trust delivered the Atlas of Living Australia (ALA) (in north-east Queensland). illustration highly purified DNA from a target subset of species is now accessible an integrated approach to and through our scientific and Our Botanical Illustrators curated the species, the sequencing of DNA (and accessed) by restoration conservation translocations which general publications and New records for NSW and Australia, annual Margaret Flockton Award and fragments using a range of specialised stakeholders and new community brings together expertise in presentations. as well as significant range Exhibition for scientific botanical techniques and the assembly of these partnerships have arisen. Dr Maurizio conservation genetics, seedbanking,

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germination research and nursery species being fully sequenced and monitoring. Another component of develop a Myrtle Rust Emergency production resulting in plants being two final reports submitted. This the project involves on-going Response Project, including urgent NSW Seedbank Statistics at 28 June 2019 reintroduced into the wild including work determines conservation greenhouse trials to assess the assessment and genetic sampling to Hibbertia puberula subsp. genetics and guides future susceptibility of NSW threatened propagate at-risk rainforest Calculation of number NSW 5,929 glabrescens and Wollemia nobilis. management, including the selection species to Phytophthora. myrtaceae species, Lenwebbia sp. This year, two other significant of propagation material for ‘Main Range’ and future sampling of seedbearing species translocations were made for the translocations. • The iconic Wollemi pine is one Rhodamnia rubescens and threatened Persoonia hindii and species where conservation efforts Rhodomyrtus psidiodes. NSW Threatened species (Department of 623 Persoonia hirsuta with funding from Researching and managing disease are directly linked to Phytophthora Environment and Climate Change website) the mining sector (ACARP). These threats — the root rot disease caused management. In addition to Terrestrial orchid conservation — the two Persoonias have contrasting by the soil-borne pathogen conducting Phytophthora soil Germplasm Conservation team’s EPBC Act Species 1,319 reproductive strategies (resprouter Phytophthora is a significant threat to testing as part of a wider current SoS research projects have a versus seeder) and the ongoing our plant diversity. Our plant translocation program, our team strong focus on threatened terrestrial In Seedbank monitoring over succeeding years will pathologists have secured funding has been involved in developing a orchids, which have complex seed germination requirements and provide insights into the factors for a three-year project as part of the targeted non-invasive phosphonate Australian accessions 11,104 involved with success of the varying SoS program. The project Forging an bark painting protocol for effective symbiotic soil fungi associations. techniques used. Based on this work, effective fight against Phytophthora control of Phytophthora infection of Projects begun in this reporting period aim to improve propagation Australian species 5,156 the Persoonia Team (Nathan Emery, in NSW aims to provide information tree roots in the wild. Over the past techniques and produce plants for ex Cathy Offord, Daniella Pasqualini and and resources to land managers for two years, science staff at situ populations and future Mark Viler) won the 2018 ACARP effective management of the disease. PlantBank have prepared 400 NSW collections 6,319 translocations. These include: Research and Industry Excellence The first year focused on collecting Wollemi Pines which were planted Award for ‘Inclusion of high interest soil samples for Phytophthora testing by Office of Environment and NSW species 2,739 • establishing ex situ populations of native plant in mine site restorations’. and collating incidence data Heritage and Blue Mountains four threatened orchid species throughout NSW. A statewide Botanic Garden staff at a number Pterostylis despectans, Caladenia NSW threatened species accessions 1,322 Conservation genetics — in 2018- Phytophthora risk map has been of wild locations in June 2019. tessellata, Calochilus pulchellus 2019 Dr Trevor Wilson and Dr established to facilitate development and Thelymitra kangaloonica. NSW threatened species 380 Samantha Yap have initiated new of decision-support tools to identify Myrtle rust threat — SoS has funded • improving ex situ techniques and conservation genomics projects on and prioritise sites for investment in a strategy led by the Australian propagation to support orchid Number of new collections 2018-19 437 nine threatened species, with four disease management and Botanic Garden horticulture team to translocations for Genoplesium and Prasophyllum species. Number of new NSW threatened 8 species 2018-19 Threatened ecological communities — the four-year SoS-funded Northwest NSW Rainforest & % NSW species 46% Woodland Relict Conservation Project aims to inform future % NSW Biodiversity 61% restoration and management of Conservation Act species threatened ecological communities within the Brigalow Belt South and % of EBPC Act species in Seedbank 24% Nandewar bioregions of north-west NSW. Research focus is on flowering, seed production and seed germination responses to climate, the best ways to grow and store Australia’s major philanthropic with a goal to share our seed rainforest seeds for future foundations. With this support, the conservation knowledge with local conservation purposes. The team, focus is on collecting seeds of land managers and community led by Drs Karen Sommerville and rainforest species and then using a groups. Cathy Offord, is working to deliver sophisticated machine called a real solutions to this critical differential scanning calorimeter environmental and biodiversity issue. (DSC) which allows scientists to ‘look The Australian Rainforest Seed The findings from this project will inside’ rainforest seeds in order to Conservation Project — provide global solutions to the understand the specific storage providing global solutions to conservation of rainforest plants. Dr needs of each species. This process critical issues Cathy Offord presented on the essentially fast-tracks rainforest seed The world’s rainforests are under rainforest project and the conservation to protect this threat of extinction due to habitat conservation needs of Australia and disappearing ecosystem. The DSC fragmentation, plant disease and the South Pacific region at the Global was purchased using funds raised climate change. If current rates of Partnership for Plant Conservation especially for this project by the deforestation continue, they will Conference in Cape Town in Foundation and Friends of the disappear completely within the next September 2018. Gardens. PhD student Lyndle 100 years. Our Rainforest Seed Hardstaff made significant progress Conservation Project assesses the The Rainforest Seed Conservation in tissue culturing and introducing storage potential of seeds Project is funded through continued several rainforest species into from Australian rainforest species. corporate and philanthropic support. cryogenic storage which involves Through complex scientific analysis, The project gained a new supporter plunging plant material into liquid our scientists are working to discover in The Ian Potter Foundation, one of nitrogen at temperatures below -180

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degrees Celsius, effectively environment. Following the discovery relocation and the return to home suspending them there indefinitely. of a rich and abundant community of institutions of specimens on loan for Herbarium acquisitions & achievements during 2018-19 For each species, different fungal endophytes associated with study. Preparation of the collection techniques need to be explored to Banksia seeds (B. serrata and B. has involved the removal of Type Herbarium specimens databased 10,714 successfully recover the species from ericifolia), the team revealed that the specimens and historical collections cryostorage so that the plants can be richness, diversity and composition of from the main collection area to stricter grown on. these communities were determined environmental control storage areas. by both host species and site. Each Specimen records updated 36,196 A critical component of the project is site studied housed a different The Daniel Solander Library began a ex situ conservation of the rainforest endophyte community, but these program of auditing the collection Specimens imaged 46,250 species in most need. Work funded communities were phylogenetically (2,070 books and seven journal through the Threatened Species similar and highly abundant fungal shelves) in preparation for relocation Specimen acquisitions to the National Herbarium of NSW staff collections 2,486 vouchers & Commission Fund has established strains were maintained between sites of research-critical volumes to Mount 6,098 tissues significant ex situ collections of the of each host. These results suggest Annan and the Brown Building’s nationally-listed threatened species that endophytes may account for a redevelopment and repurposing External collections 3,314 vouchers affected by Myrtle rust - Gossia large component of the ‘hidden’ proposed to begin in 2021. fragrantissima and Syzigium diversity within native Australian hodgkinsoniae. Seeds are now being species in natural ecosystems and Herbarium Digitisation — the Specimens sent by National Herbarium of NSW to collaborating 717 harvested from these collections and may require integration into largest digitisation project in institutions as part of exchange programs material has been successfully tissue restoration programs. the southern hemisphere cultured. A new collaboration with The National Herbarium of New South 309 items catalogued the Macadamia Conservation Trust The Plant Disease Diagnostic Unit Wales has partnered with Daniel Solander Library & 1,017 library enabled intensive study of continued to provide disease Netherlands-based digitisation enquiries Macadamia seed biology for long- diagnostic and pathogen detection experts Picturae to image 1.4 million term conservation. While a popular services to our clientele and botanical specimens housed in the nut crop, wild stocks of this endemic outperformed the year’s target collection and transcribe the Australian rainforest species are revenue with 275 requests for associated metadata from the exceedingly low. services. Highlights included the specimen labels. The project also processing of more than 1,000 soil partners with the local firm Key Performance Indicators The Australian PlantBank – samples and assisting Biosecurity International Conservation Services 2018-19 2017-18 2016-17 2015-16 2014-15 2013-14 seed collection development Australia in monitoring for exotic pests and South American-based Alembo The major focus for the statewide and diseases. While regularly testing providing transcription services. This seed collecting program was for the presence of various exotic and is the largest digitisation project in the Peer reviewed 62 publications; threatened species identified for plant pathogenic species of Fusarium southern hemisphere to date and will scientific 22 presentations priority investment under the Saving and Phytophthora, an exotic plane publications, to international enable the Herbarium to share the 79 publications; our Species program. Collections tree disease Stigmina leaf spot was collection during closure and general articles and national 103 presentations, 121 142 137 109 aimed to increase genetic detected for the first time in Australia. relocation. As a large volume of the and presentations conferences; tours, lectures representation held in the seedbank, In addition, a new species of wood- collection is unmounted, a program of including Science 13 presentations requiring multi-provenance collections decay-related fungus belonging to the attaching specimens to their mounting Week and promoting to general sampled across threatened plant genus Mycorrhaphoides was sheet using minimal tape was Vital Science audiences populations. Other externally-funded identified. developed and a volunteer program to projects included collections for the assist with the preparation of the Millennium Seed Bank (Royal Botanic Herbarium —planning for the specimens was initiated. At Species described 31 24 24 95 67 65 Gardens, Kew) Global Trees Project future completion, the collection will be or reassessed and the Western Sydney Airport Contributing to architectural planning largely catalogued and each specimen threatened flora program. for the new National Herbarium of assigned an identifier barcode. Grant-funded 34 32 31 25 26 21 New South Wales at the Australian research projects Understanding fungal diversity Botanic Garden Mount Annan was a The Redbox Gallery closed in January in our natural ecosystems — high priority after the announcement 2019 with the exhibit Botanical Accessions of NSW and helping to protect our of funding in June 2018. In January Museum: old and new science. The threatened species 1,322 996 807 694 648 590 biosecurity 2019 the National Herbarium of NSW Gallery space was refurbished and in the Seedbank Our Plant Pathology and Mycology closed to visitors and loan requests. now houses activities associated with research team continues to document This has allowed the Collections the Herbarium Digitisation project. Acquisitions to and study ecological patterns of Management team to focus on the Imaging commenced on 30 April 5,800 7,640 9,661 9,277 6,512 7,768 the Herbarium micro-fungi in the natural preparation of the collection for 2019. Herbarium specimens 10,714 10,079 5,669 4,943 7,462 9,860 databased

22 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 23 Environmental performance Environmental performance

RESEARCH GRANTS AND OTHER SCIENCE FUNDING 2018-19

ACARP The Ian Potter Foundation • Dr Maurizio Rossetto & Dr Trevor • Prof Ricardo Mancera, Prof Gary Centre for the Synthesis and US National Science Foundation • Dr Cathy Offord. Inclusion of high • Dr Karen Sommerville and Dr Wilson. Conservation genetics of Bryant, Dr Shane Turner, Dr Cathy Analysis of Biodiversity (CESAB) • Assoc Prof Stacey D Smith interest native plants in mine site Cathy Offord. Looking inside Daphnandra johnsonii. $29,000. Offord, Dr Chris Garvey, Dr • Prof Sylvain Glémin (Centre (University of Colorado, Boulder, restoration programs. $122,624 rainforest seeds: fast-tracking Christina Walters, Prof Karen National de la Recherche USA) and 16 collaborators (including (first year of a two-and-half-year rainforest seed conservation to • Dr Maurizio Rossetto & Dr Trevor Koster, Dr Eric Bunn. Advanced Scientifique [CNRS], Rennes, Dr Hervé Sauquet) (2019-2021). $272,500 grant). protect this disappearing Wilson. Conservation genetics of cryobanking for recalcitrant- France], Assoc Prof Jos Käfer Fossils, fruits and seeds: an ecosystem. $100,000 (year one of Eucalyptus spp Cattai. $30,000. seeded Australian rainforest plants. [CNRS, Lyon, France], and 13 integrative approach to estimating a Australian Biological Resources a three-year $300,000 grant). (Second year of a four-year collaborators (including Dr Hervé time-tree for the nightshades. Study (ABRS) • Dr Maurizio Rossetto & Dr Trevor $592,514 grant administered by Sauquet) (2019-2021). From US$11,106 (first quarter of two-year • Dr Yola Metti, Dr Myung Sook Kim, NSW Environmental Trust Wilson. Conservation genetics of Curtin University). reproductive strategies to species US$199,913 project). (Administered Dr D Wilson Freshwater and Dr • Dr Nathan Emery and Dr Cathy Uromyrtus australis. $27,000. diversity: how evolution of breeding by Univ. of Colorado, Boulder, USA). Marco Duretto. The systematics of Offord. Northwest NSW Rainforest Australian Research Council - systems and associated traits the tribe Polysiphonieae & Woodland Relict Conservation • Dr Maurizio Rossetto & Dr Trevor Discovery Project shapes plant species diversity. EUR CONTRACTS AND CONSULTING (Rhodomelaceae, Rhodophyta) of Project. $5,837 (year one of a Wilson. Conservation genetics of • Prof Rod Peakall (Australian 27,953 (first six months of two- SERVICES Australia, in both marine and five-year $343,042 Environmental Zieria covenyi. $25,000. National University), Prof Eran and-a-half-year EUR 167,720 non-marine environments. $90,000 Trust & Saving our Species Pichersky, A/Prof Celeste Lind, Dr grant). (Administered by CESAB). Western Sydney Airport (third year of a three-year $270,000 contestable grant). • Dr Maurizio Rossetto & Dr Trevor Peter Weston. The biosynthesis Threatened Flora Program (GHD grant). Wilson. Conservation genetics of and evolution of novel National Science Foundation Pty Ltd) • Dr Marlien van der Merwe. Prostanthera densa/marifolia. semiochemicals in orchids. (China) • Dr Peter Cuneo. Project Australian Flora Foundation Increasing the adaptive potential of $30,000. $129,000 (year five of five-year • International team led by Dr JS coordination, seed collections and • Dr Nathan Emery. Determination restored plant assemblages. $644,800 ex GST grant). (Managed Strijk (Guangxi University, China) and germination testing. $11,331. of the horticultural potential of the $54,000 (year three of a three-year • Dr Maurizio Rossetto & Dr Trevor by the Australian National including Dr Marlien van der Merwe, endangered Persoonia hirsuta. $148,000 grant). Wilson. Conservation genetics of Dr Hervé Sauquet, and Dr Maurizio Moorebank Logistics Park - $3,482 (year one of a three-year Hibbertia spanantha. $20,000. • Dr Emilie Ens (Macquarie Rossetto. Laurasian-Gondwanan Conservation strategy for Hibbertia $9,845 grant). Office of Environment and University), Dr M Raven, vicariance and ecological fumana and Hibbertia puberula Heritage, New South Wales • Dr Maurizio Rossetto & Dr Trevor Dr Maurizio Rossetto, Dr P reconnection: Phylogenomics of subsp. puberula (Arcadis Pty Ltd) Australian Government, Government, Saving our Species Wilson. Conservation genetics of Clarke. How did those trees get Sino-Australasian Lauraceae. (Year • Dr Peter Cuneo. Project Department Environment and Program Astrotricha crassifolia. $25,000. there? Rediscovering Aboriginal two of a four-year 420,000 RMB coordination and translocation Energy (Threatened Species • Dr Peter Cuneo. RBG ex situ seed dispersal pathways [approx AUD$ 85,000] grant)). strategy. $13,345. Commission Fund) program, statewide threatened • Dr Maurizio Rossetto & Dr Trevor (DP180102188). $80,000 (year one (Administered by Guangxi University, • Dr Cathy Offord and Dr Geoff species seed collections. $150,000 Wilson. Conservation genetics of of a three-year $192,000 grant). China). Pegg, Conservation of nationally- (year one of a three-year $450,000 Astrotricha crassifolia. $25,000. threatened and Myrtle Rust- grant). affected species occurring in the • Dr Maurizio Rossetto & Dr Trevor endangered ecological community • Dr Peter Cuneo. Seed collection of Wilson. Conservation genetics of ‘Lowland Rainforests of Discaria nitida. $5,200. Acacia terminalis. $35,000. Subtropical Australia’. $79,933. • Dr Peter Cuneo. Elderslie Banksia • Dr Karen Sommerville and Cathy Australian National Botanic Scrub Forest conservation project, Offord. Improving ex situ Gardens/NSW Environmental Trust seed collection. $13,000. techniques to support threatened • Dr Peter Cuneo. Ex situ seed orchid translocations (Genoplesium collections of threatened • Dr Edward Liew. Forging an and Prasophyllum) $32,000 (year Pomaderris spp. $4,446 (year three effective fight against Phytophthora one of a three-year $101,321 of a three-year $13,922 grant). in NSW. $77,000 (first year of a grant). three-year $191,400 grant). Australian Seed Bank Partnership/ COLLABORATIVE GRANTS RBG Kew – Millennium Seed Bank • Dr Edward Liew and Dr Cathy AWARDED TO OTHER AGENCIES • Dr Peter Cuneo. Global Tree Offord. Wollemi pine research and Project seed collecting. $22,400. maintenance of ex situ germplasm. Australian Research Council $36,000. • Dr Janine Deakin, Dr Jason Bragg, Hermon Slade Foundation Prof Craig Moritz, Dr Mark Eldridge • Dr Peter Wilson and Margaret • Dr Cathy Offord. Developing ex and Dr Mark Kirkpatrick. Do Heslewood. A next generation situ propagation techniques and chromosomal rearrangements drive sequencing approach to supporting future translocations for genomic evolution and speciation? investigate paralogy in threatened orchids in South Hub. (Second year of four-year $408,900 Xanthostemon (Myrtaceae). $52,266 (year one of a three-year grant). $30,000 (second year of a three- $197,312 grant). year $90,000 grant).

24 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 25 Environmental performance

Sustainable resource management

We are committed to working within a sustainability framework which embraces waste reduction and increased resource recovery. Key focus areas for 2018- 19 continued in water, energy and waste management across our sites.

WATER MANAGEMENT During 2018-19 the Gardens purchased Water management and sustainability a minimum 6% Green Power under the are critical activities for the Trust, with State 776 and 777 contracts. The each Garden relying of different water Gardens also had three sites, under the sources: 777 Contract, that purchased 10% Green Power. • the Royal Botanic Garden uses mainly potable water and tank Solar panels are operational at the water in the nursery Royal Botanic Garden’s Central Depot • the Blue Mountains Botanic Garden (24 kW system), Australian Botanic is completely self-sufficient in terms Garden (100kW system) and Blue of water collection and usage — Mountains Botanic Garden Visitor water for irrigation and toilet Centre (26.97 kW system). An flushing is sourced from the onsite additional 70 kW is planned for the dam which collects rainwater and Blue Mountains Botanic Garden. run-off, and all potable water is A key energy management harvested from roof tops achievement for 2018-19 includes: • the Australian Botanic Garden, with approval from WaterNSW, draws • the Garden’s solar systems generated water directly from the canal that more than 131 MWh of electricity, a supplies the Prospect Reservoir saving of 109 tonnes in CO2 Water Filtration Plant. Sydney Water emissions. canal repairs and upgrades throughout 2018-19 resulted in WASTE MANAGEMENT shut-downs and changes to raw Across our three sites waste is water delivery this year, resulting in managed in varying ways according to increased reliance on potable water. need and the waste management services available. Drought conditions across NSW Environmental affected water use, with significant Botanic Gardens’ waste streams are increases in water demand to clearly identified and quantities maintain the health of the many and monitored. Organic and green waste is varied plants in the gardens. The separated and either collected for largest consumer of water in the recycling or re-used onsite as mulch. performance Royal Botanic Garden is irrigation. A We continue to reduce our office waste Blue Mountains Botanic sophisticated Cloudmaster system through recycling paper and cardboard, Garden Mount Tomah — comprising nine control boxes closely ink cartridges and mobile phones. Red Wattlebird feeding regulates the irrigation heads across on nectar produced by the Garden. Key waste management achievements the magnificent Puya for 2018-19 include: alpestris ssp zoellneri ENERGY MANAGEMENT Bromeliaceae. The bulk of the Trust’s electricity • at the Blue Mountains Botanic Garden usage is bought under the State we have been trialling solar Bigbelly Contract Control Board electricity waste and recycling stations (three contract (numbers 776 and 777). Duo Stations) for the past 18 months These contracts minimise costs and with the aim of cutting down waste allow for the purchase of green power collections and reducing carbon generated from renewable sources. emissions from vehicle movements.

26 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 27 Environmental performance Environmental performance

• Vivid Sydney ‘turf rebuilds’ replaced 6,810m² of turf and The renowned paper Managing our living collection renovated 4,250m² of turf daisy display at the Australian Botanic • Landscape Garden Mount Annan State of the collection • Herb Garden paving was replaced with sandstone • two stone benches were % wild Total Location Size ha Taxa Total trees designed, built and installed in collected accessions the Meadow • around Victoria Lodge a dry stone wall garden was constructed and Royal Botanic new beds were developed. Garden Sydney 64 7,951 21% 25,221 3,452 and Domain The Domain • the Crescent Sports Field was 55,000 renovated with 10,000m2 of turf replaced Australian Botanic (estimate) • in the Phillip Precinct 11,740m² of Garden 416 3,143 73% 18,599 4,366 turf was replaced and 18,247m² Mount Annan arborist of turf was renovated managed • Pavilion Café beds were cleared in readiness for building 480,000 renovations. Blue Mountains (estimate) Botanic Garden 252 5,137 55% 11,598 3,095 Australian Botanic Garden Mount Annan Mount Tomah arborist • Display Horticulture managed • over one million paper daisy seeds sown in autumn for the spring display KEY ACHIEVEMENTS • 6,000 plants were installed into • two plantings of annuals were • created wayfinding bed 284 and a the five beds (these have since completed for the display beds dry stone wing wall landscape at New trees self-seeded so that count has at • tropical borders were expanded, the Caley and Cunningham Drive During 2018-19 we planted 252 new least doubled) with additional Tillandsia plants intersection trees across the three Botanic Garden suspended from the tree collection • created bed 257c allowing for a sites — 52 at the Australian Botanic • Middle Gardens new arrival experience into the Garden, 142 at the Blue Mountains • 7,052 winter and spring annuals • Palace Gardens Visitor Centre Botanic Garden and 58 at Royal were planted • 27,500 annuals were planted for the • Bed 32 landscape was Botanic Garden Sydney. • the Fernery collection was two displays per year redeveloped, broadening the renovated • koala and cassowary mosaicultures annual and perennial display Plant mapping and records team • integrated pest management (giant topiary) were installed beds • Stocktake progress controls were introduced into the • five Wollemi pines were planted in • Livistona australis palms from the • Australian Botanic Garden — 82% Spring Walk to control lace bugs the native rainforest Calyx ‘island’ were successfully of garden beds surveyed, mapped and spider mites • meadow garden displays were transplanted into the Lakeside and databased • elevated work platform training enhanced Pavillion landscape • Blue Mountains Botanic Garden and certification was completed • additional plantings occurred in the • a new path was installed in arid — 71% of garden beds surveyed, by eight staff native rainforest bed 13 within the Connections mapped and databased • an ibis nest management program • rose pruning was completed by new Garden • Royal Botanic Garden — 55% of commenced to manage numbers staff and apprentices from all three • aesthetic improvements were garden beds surveyed, mapped in the Palm Grove and wider Gardens made to the Narellan Road and databased landscape due to damage to the entrance • information requests from institutions collection • Bennelong • the Garden’s 30th birthday was in Australia and overseas — more • new Tillandsia display was • new plantings were established marked by enhanced spring than 80 requests for plant information installed throughout the native rock garden display plantings including bee or material were fulfilled to support • 11,660 annuals were planted for • the Billboard bed was updated with topiaries and strategic aesthetic academic research the summer of 2018 Bite Me messaging enhancements • a paper was presented at the Iris BG • Fern Gully was renovated • summer annual and perennial Database annual conference in • Yurong Gardens • Government House gardens were displays expanded to 2,000m2 Gothenburg, Sweden. • clean-up of island beds in the prepared for investitures • 8,276 annuals were planted for main pond was conducted • plant material was removed from the spring and summer Royal Botanic Garden Sydney • clean-out of Cunningham and Eastern Terrace to make way for • 976 different accessions* were • Calyx – Plants with Bite display Lotus pond beds was completed renovations planted • 18,090 plants were used to • the native border was restocked • 2,594 plants were established into create a carnivorous-inspired with many new species, including • Turf Team the Living Collection (excluding theme for the largest green wall in a large number of grafted WA • Bennelong Lawn saw the turf area annuals and perennials) the southern hemisphere taxa extended to better suit event infrastructure *accession - a single, collected variety or cultivar

28 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 29 Environmental performance Environmental performance

• Production Horticulture • a giant turf art tree was installed • turf renovation was completed at • more than 97,000 cuttings were as part of the Garden’s 30th the rear of Camellia Cottage Strategic programs processed Birthday celebrations. • more than 25 contracts for • Nursery threatened species were Blue Mountains Botanic Garden • the Waratah trial garden was established across the State, Mount Tomah There are almost 500 hectares under management across our gardens and increased to approximately 300 including one with Western • Ornamental Horticulture individuals with an ongoing parklands, with a variety of landscapes. Sydney Airport • commenced removal of weedy • worked in close collaboration with Prunus laurocerasus hedges, evaluation of plants for resilience, The combined catalogue of more than 3,000 assets presents a considerable challenge in terms of asset maintenance local councils on regeneration replacing them with Podocarpus leaf shape, habit, pest resistance and upgrades. In 2018-19 we continued to deliver a diverse range of projects funded by NSW Government, the Trust projects, including the One Million macrophyllus ‘Maki’ and flower quality and other external funding sources. Through our strategies and projects we will ensure that we are prepared for the Trees program • an additional 10,000 daffodil • a Wollemi seed germination trial future and preserve our past. • participated in the Australian bulbs were added to the already commenced, comparing Network for Plant Conservation impressive bulb meadow — over germination in natural areas, and International Plant 100,000 bulbs are now displayed garden beds and greenhouses Propagators conferences in this collection including more • the critically-endangered Pimelea 2018-19 Expenditure • completed the design than 500 cultivars of daffodil venosa was successfully Summary of capital works development (Stage 1) of a new • redeveloped the ornamental ($,000) propagated, with approximately production nursery garden beds surrounding 3,000 seeds collected and • supported the Growing Friends Camellia cottage Draft Royal Botanic Gardens & Domain, accessioned into PlantBank. 80 team of the Foundation & • replaced the declining Conservation Management Plan Friends, leading to record plant Saxegothaeca conspicua hedge sales in the Growing Friends in formal garden with Buxus Apprenticeship Program nursery open to the public microphylla ‘Japonica’ Our Apprenticeship Program is one Robert Brown building redevelopment 105 • developed a Myrtle Rust • rocks were installed below the of Australia’s leading and respected Emergency Response Plan Visitor Centre deck in training programs in horticulture. New Herbarium, Australian Institute of Botanic Science 1,992 through Saving Our Species preparation for a significant funding Proteaceae display As part of the program, our Total 2,177 apprentices have the opportunity to • Natural Areas & Open Spaces • Arboriculture develop skills across a diverse range • 15 hectares of cleared olive • commenced a detailed survey of of areas — from arboriculture and landscape were slashed with the all trees on site which included KEY ACHIEVEMENTS • development application for • Other planning-related work Ventrac slope mowing machine risk assessments, accurate display horticulture, to propagation various Vivid Sydney sites in undertaken at the Gardens and the • five hectares of grassland were measurements, labelling, GPS and the curation of valuable Planning and development the Royal Botanic Garden Domain in 2018-19 included: slashed in the Eastern Valley coordinates and photographs scientific collections. We took an active role in local and • refurbishment of the Botanic • updating of the Royal Botanic • two hectares of Chilean needle • developed a tree risk regional planning and development and Pavilion restaurants in the Garden and Domain grass were treated with selective management policy for the Our apprentices are able to hone throughout 2018-19, reviewing and Royal Botanic Garden and Conservation Management herbicide arboriculture team these skills in both heritage preparing many development Domain Plan for Heritage Council • 0.5 hectare of Blackberry was • cleared Rhododendron thicket in landscapes and natural areas, in proposals, plans, planning policies • an art installation on the endorsement treated on the Garden’s southern preparation for the development addition to developing land and studies for our three Garden Tarpeian Way in the Domain • consideration of a proposal for boundary of the new Camellia Garden management conservation sites and the Domain, and their • upgrading the Domain Car Park a Woolloomooloo Bay Ferry • three hectares of African olive surrounding areas. sign • the feasibility planning stage for techniques at one of our three seedlings were sprayed with a • Natural areas • upgrading of the kitchen in the the Robert Brown Building and Gardens. broadleaf selective herbicide • restored the Blue Mountains Statutory planning and environmental Calyx in the Royal Botanic precinct redevelopment as a • three hectares of cleared African Basalt Forest threatened assessments for 23 development Garden new gateway to the Royal olive were reprocessed with a ecological community around Since its launch in 1947, more than proposals were undertaken during the • proposals for specific events in Botanic Garden, and a centre 40hp remote control ‘Robocut’ the effluent treatment site 465 apprentices have participated in year: the Domain including Open Air for our education and science mower, cutting up to 50 degrees • achieved significant weed the program. Cinema programs of slope eradication throughout natural • nine development applications and • five development proposals and • development application for the • grinded 55 tree stumps areas with approximately 100 Our goal is to ensure our development proposals on plans for Trust land by the Trust new National Herbarium of • installed signature plantings of cubic metres removed apprentices complete a nationally- surrounding land including — including — NSW, including a new Nursery four advance Ficus hillii on the • 1,500m of boundary fence was recognised training course and are • various development applications • renewal of the five year at the Australian Botanic for properties in Macquarie development consent for major Garden Mount Annan as part of Eastern Ridge cleared of vines and trees to equipped with all the horticultural • tree risk control inspections improve emergency access and Street events in the Royal Botanic the Australian Institute of skills required to operate resulted in modification works in the effectiveness of fire • minor internal alterations to the Garden and Domain Botanic Science. successfully in the industry. the visitor precincts of the Central abatement system Sydney Opera House and the • development of a new National Loop, Big Ideas Garden and • a survey of the Jungle was State Library Herbarium of NSW (part of the Lakeside Lawn conducted to assess the In 2018-19 we offered the following Australian Institute of Botanic • two hectares of high-profile turf feasibility of the proposed apprenticeship placements: • nine development applications and Science) at the Australian were renovated Wollemi Experience and Darug • Royal Botanic Garden Sydney: 8 proposals on Trust land by other Botanic Garden Mount Annan • additional funding from the NSW Walk • Australian Botanic Garden Mount parties which required the consent • repairs and upgrade to the Palm Environmental Trust allowed for Annan: 3 of the Parklands as landowner House in the Royal Botanic onsite conservation and • Turf • Blue Mountains Botanic Garden including — Garden • the Sydney Modern • repairs to the Tarpeian Wall in restoration programs in • reshaping of turf edges was Mount Tomah: 2. collaboration with Greening conducted throughout the development by the Art Gallery the Royal Botanic Garden and Australia and Western Sydney arboretum to improve tree health, of NSW on part of the Domain Domain Parklands aesthetics and mowing efficiency

30 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 31 Social performance Social performance

Serving the community

During 2018-19 we delivered the Vivid Garden Light Walk at the Royal Botanic Garden Sydney — a 23-day festival attracting over 350,000 visitors from Friday 24 May. The Social festival celebrated its 11th Year of Creativity with a number of installations forming part of the Sydney CBD Light Walk —15 of which were featured in the Royal performance Botanic Garden.

Visitation, participation, media reach, Science’ engagement theme institutional partnerships, community throughout the food and beverage awareness and stakeholder offerings satisfaction were key measures and were achieved beyond expectations • Domain Lodge was launched for through a broad program of public consultation with engagement. interpretation and imagery on the history of the Domain Lodge and VISITOR ENGAGEMENT adaptive reuse concepts HIGHLIGHTS FOR 2018-19 • Improved signage for promotional At the Royal Botanic Garden and wayfinding was completed for Sydney the Choo Choo train, in-Garden • The Calyx Plants with Bite interpretation, National Herbarium of exhibition featured strategic NSW, Woolloomooloo information marketing campaigns that booth, the Garden Shop, Visitor delivered across all channels with Centre, wedding and special events, growth across: and operational signage for the • donations up 28% sports field, filming/photography • retail up 274% and perimeter fence • visitation - consistent with the previous year at 245,000 • What’s On seasonal campaigns visitors were delivered featuring new creative, imagery, videos, signage, • Tomato Festival Sydney was stories and multilingual guides, successfully marketed, produced helping to drive record visitation and and delivered — resulting in almost ticket sales: 40,000 visits to the Garden over • the annual Easter Egg Hunt sold the Festival weekend, an increase out in sponsors (with Harris Farm • new Halloween event Garden Markets returning for a third year) Monsters sold out and an expanded program with • new Science Week event Living sold-out ticketed events Laboratory reached 2,500 visitors • Vital Science engagement and • Garden Art Month saw increased branding — highlighting the vital visitation to the Margaret importance of plant science to life Flockton Award Exhibition (over on Earth — was incorporated into 2,500 visitors) and Botanica’s the Living Laboratory science 20th anniversary exhibition (up festival, renovation of 32% to almost 6,000 visitors) Woolloomooloo information booth, with recorded artwork sales up The Australian Botanic in-Garden interpretation signage, 40% on the previous year Garden Mountain Annan Kids the Digitisation Project appeal and • New Year’s Eve events sold out. versus Wild holiday program podcasts featuring our scientists and their ground-breaking work. Vivid Sydney also featured a ‘Vital

32 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 33 Social performance Social performance

At the Australian Botanic Garden Mount Annan Visitation • Lakeside Markets are a new venue hire arrangement • AnnanROMA is now held over two days on a seasonal taking place each month at the Garden and doubling our basis (four times a year) and is delivered by a third party In 2018-19 we saw healthy visitation again across all Gardens, boosted by an engaging program of events and cultural visitation on each Market day — the first event in this format saw visitation increase activities and continued investment in the upgrading of our facilities and services. • rebranding of Bush Playgroup to Seedling Nature Play from 10K to 16K has seen surge in bookings — with the winter term • New wayfinding signage around the walking paths in the booked out one month before term commenced central precinct has seen a significant improvement in • website renewed and re-launched in April 2019 customer satisfaction levels. Garden 2018-19 2017-18 2016-17 2015-16 2014-15

At the Blue Mountains Botanic Garden Mount Tomah Royal Botanic Garden Sydney 5,425,120 5,437,902 5,222,464 4,997,670 3,885,643 • launch of the Blue Mountains Road Trip touring route • Gondwana Garden Family Day and Science Week events along the Bells Line of Road — supported by an attracted more than 2,000 visitors independent website and complementary social media • new wayfinding signage project plan has been developed • renewed website for the Garden went live to the public in for implementation — supporting increased visitor Australian Botanic Garden Mount Annan 469,270 441,325 409,697 395,597 336,768 June 2019 engagement with the Garden • Eco Certificate and Low Carbon Living — continued our • What’s On seasonal campaigns were delivered quarterly Eco Certificate and this year received a Gold Rating for featuring new creative, imagery, brochures and social Low Carbon Living content in close collaboration with local tourism groups, Blue Mountains Botanic 205,139 • new leasee confirmed to operate The Jungle Lodge and the Blue Mountains City Council, Destination NSW and 226,033 195,379 201,438 188,910 Garden Mount Tomah Camellia Cottage self-contained accommodation Tourism Australia to drive visitation to the region.

Digital engagement and communications Venue management

As a national icon, international tourism drawcard and local During 2018-19 there was a continued focus on growing and A range of heritage buildings and outdoor areas (such as the Domain) across our destination, digital engagement and communications are key improving how we communicate, particularly through digital to ensuring our visitors are well informed about what our channels. sites are made available for community, charitable and ticketed events. In addition, three Gardens and the Domain have to offer. we also facilitate a range of activities including weddings, team-building activities, picnics, sports, film and photography shoots. > 1.2M users visited the Social media community Major awards received Royal Botanic Garden grew by 20% year-on-year These events deliver the varied and diverse community Events such as these highlighted below also raise valuable expectations for use of our green spaces and enable the funds that are reinvested back into management and Sydney website Trust to meet its social obligations set out under the Act and maintenance of the Gardens and Domain. the NSW Government’s commitment to diversity of experiences in public spaces. Branch Out podcast won 50% increase in sessions to the Almost 30,000 customer messages & Best Use of Technology Royal Botanic Garden website feedback received via social media (NSW/ACT Parks & Leisure Awards of & 48% increase in sessions across all channels Key achievements include: Excellence) Garden websites

Royal Botanic Garden Sydney’s The Gardens’ email database grew from 85 blogs written with over 85,000 791 bookings $3.1M 780,061 visitors Connected Garden campaign won 150,000 to 261,000 individuals page views Best Use of Owned Media (Mumbrella CommsCon Awards) for private events such as picnics and raised for charities via special events to major public events (for example weddings Tomato Festival, New Year’s Eve, Vivid Sydney)

In addition: • strong event visitation figures with 780,061 patrons attending public events at the Royal Botanic Garden and Domain • our interactive app for the Royal Botanic Garden Sydney was made available in English, Mandarin, Korean and Spanish and surpassed 15,000 downloads • the continued popularity of the Garden and Domain for significant charity events such as Run2Cure, Mother’s Day Classic, Run For The Oceans and Soar & Roar • we launched new innovative digital products — AI Chatbot, Snap Chat Filters and an interactive augmented reality (AR) app. • hosting large-scale free public events such as Carols in the Domain, Red Bull Flugtag and Opera in the Domain

• a continued and varied program of cultural, sports and music events to attract year-round use of the Gardens and Domain by a broad range of visitors.

34 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 35 Social performance Social performance

Key achievements continued: Community and education programs Formal education

Through transformative learning experiences, we grow connections, curiosity and 6,799 students & 36,719 visitors 5,960 visitors understanding of nature, science, culture and community — inspiring positive action 4,898 others and advocacy for a world in balance.

took part in school holiday activities, attended the Calyx for diverse attended Easter Egg events at the Royal This vision has been at the heart of over 2,500 learning programs delivered during 2018-19. Formal and non-formal community programs & events across programs and events Botanic Garden & Australian Botanic education programs across our three Botanic Gardens and through outreach reached 82,992 visitors, from school three Gardens Garden2 children to retirees. Innovative content focused on plants, their science and conservation, and the vital role they play in our lives. 700 visitors enjoyed art Our programs develop: 1,683 students & parents 4,599 visitors used the visited PlantBank Jurassic Garden app & science events at the • curiosity about the natural world and our place in it • appreciation of how Gardens and Parklands support Australian Botanic Garden • respect for the value and depth of Aboriginal cultures and enrich wellbeing • scientific and environmental literacy in our future • advocacy for vital science research for a healthy leaders planet. to take part in Halloween-inspired to take a virtual tour through prehistoric in partnership with Campbelltown Art science activities3 Australia at the Blue Mountains Centre, Macarthur councils & Macarthur Key achievements include: Botanic Garden Astronomical Society

¹ Sydney Science Festival events were supported and funded by Foundation and Friends of the Botanic Gardens, Inspiring Australia and the Federal Department 6,895 school children and teachers Over 16,000 visitors enjoyed science- of Industry, Innovation and Science. ² Easter Egg hunt events were kindly supported by Cadbury participated in educational programs at focused events across the three Botanic ³ Halloween events were kindly support by Wizz Fizz the Australian Botanic Garden Gardens during National Science Week 2018

This figure represents double the number of The Living Laboratory event at the Royal Botanic Garden • the Calyx was used extensively as an educational • the sold-out launch of Seedlings Nature School — a participants over the previous reporting period Sydney celebrated our scientists and their work1 venue during the year for astronomy evenings and the new format of nature-play in the Australian Botanic innovative new Murder in the Garden — an interactive, Garden where children under five years of age are immersive experience that attracted 414 visitors to encouraged to engage with the natural world and play engage in science and forensic activities in an “outdoor classroom”. • the introduction of the Year 11 Biology Biological • record school numbers visiting The Calyx to attend Diversity - Darwin Downunder lesson, presented in popular programs such as our four lessons designed partnership with the Australian Museum and Taronga specifically for primary-aged students, our guided and Zoo — students explore the research of our scientists self-guided tours for school groups, and the new Plan looking at the evolution, distribution and future of Bee program highlighting the importance of native Community & education programs statistics Australian flora and fauna species pollinators.

Program 2018-19 2017-18 2016-17 2015-16 Digital learning

• working with the Department of Education to create state-of-the-art digital teaching material focusing on the endangered Cumberland Plain Woodland in south-west Sydney. Formal school program participants 33,051 37,546 32,204 18,240

Aboriginal cultural programs Community program participants 36,719 44,473 26,387 10,883 4,371 domestic and international tourists engaged with our Aboriginal experiences

Aboriginal program participants4 14,985 12,320 13,953 8,135 Popular experiences included Aboriginal Heritage Tour, Aboriginal Art, Bush Tucker and Aboriginal Weaving

• a record 32% increase in participation numbers over the • the audio installation Cookaroo Flow — a partnership with 4 Subset of total formal and community programs participation previous financial year (including schools and community Red Room poetry — producing an underwater sound- programs) scape complemented by poetry in native Gadigal • hosting the first corporate NAIDOC event to educate the language, written and spoken by Aboriginal students business sector in Aboriginal culture — with 110 attendees • this year’s National Sorry Day at the Australia Botanic from a variety of private and government organisations Garden’s Stolen Generations Memorial, attended by 250 including TransGrid, MIRVAC, ANZ, CEO magazine, Quay community members (organised in collaboration with Hotels and HSBC Liverpool and Campbelltown councils).

36 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 37 Social performance Social performance

Community outreach Our volunteers Our outreach program Community Greening is a longstanding partnership between Volunteers at the Royal Botanic Gardens and Domain Trust (Trust) and the Foundation and the Trust and the NSW Government Department of Family & Community Services Friends of the Botanic Gardens (Foundation and Friends) actively contributed to enhancing (FACS). This successful program facilitates the establishment of community gardens, visitor experiences, supporting areas as diverse as events and exhibitions, science, primarily in FACS housing estates. conservation and environmental projects.

Volunteers are also responsible for developing and delivering a range of income-generating programs. Events supported Community Greening • regional Community Greening activities were by our volunteers include the public New Year’s Eve harbourside celebrations, Tomato Festival (February), Margaret Through communal garden projects, Community undertaken across a large catchment area — from Flockton botanical illustration exhibition (March-April) and the Living Laboratory free outdoor festival of science (August). Greening empowers vulnerable communities while Goonellabah, Boggabilla, Tamworth and Moree in the providing a broad range of health, training, economic north, to Eden in the south, and west to Orange, In-kind value* of and social benefits. By promoting communal Wilcannia and Broken Hill. Volunteers Volunteer hours Visitors assisted gardening in social housing communities and on volunteer hours

nearby locations, a significant contribution to improved social cohesion, crime reduction and public Youth Community Greening program Youth Community Greening is an environmental 700 49,258 1.8M >76,438 health is made across both urban and regional New education program targeting disadvantaged urban across 32 programs South Wales. + 396 hours donated by at the Visitor Centre and regional youth (2-25 years of age). The program (Trust – 18 programs) corporate volunteers in the Palm Grove, at celebrated its 11th year and has created 419 Youth The program has created 462 Community Greening Foundation & Friends - the Woolloomooloo projects since it started in 2000. Community Greening projects since it started in 11 programs) 2008. Gate info booth, on New Year’s Eve, at the Community Greening participation statistics Plus 120 corporate Key achievements for 2018-19 include: Tomato Festival and also comparing YoY volunteers at the Living Laboratory

festival of science (via our sponsorship program) Program 2018-19 2017-18 14,227 students and youth participated in the Youth Community Greening 8,252 6,866 *based on Centre of Volunteering rate of $36 per hour participants Community Greening program VOLUNTEER HIGHLIGHTS FOR 2018-19: Youth Community 14,227 12,359 an increase of 15% over the previous FY Greening Participants Digitisation Specimen Preparation National Herbarium of NSW Volunteer Volunteer guides Total 22,479 19,225 • more than 600 workshops were delivered across a Program launched variety of centres and schools Key achievements for 2018-19 include: • recognised the extraordinary • in its first two months (May and June • delivered guided walks to 7,700 • a significant regional presence was accomplished, contribution made by our 16 2019) 917 boxes of plant specimens visitors with schools and youth centres visited as far afield honourary scientists in advancing were prepared for digitisation over • generated $19,920 in income 8,252 social housing tenants as Moree, Boggabilla, Cobar, Tullamore, Broken plant science 360 volunteer hours • developed new walks to Hill and Nyngan • celebrated 30-year anniversary of complement Vivid Sydney and participated in the Community specimen mounting volunteer Botanica Greening program • the program attained National Education program • produced monthly “‘must see“ guide Standards Authority (NESA) accreditation for • 8,699 specimens mounted a 20% increase over the previous FY teacher training sessions • 1,221 specimens data-checked

• the program has been directly involved in training Australian Botanic Garden Foundation & Friends Science & conservation volunteers • Master Garden Volunteer and Leadership almost 450 teachers in establishing and program – offered to individuals in low maintaining school gardens and linking this activity • bush regeneration volunteers • $202,200 raised by Growing • maintained nursery plants for socio-economic areas, this new initiative was to key parts of the curriculum. improved an area of five hectares by Friends plant propagation and research delivered across six priority sites, creating treating and removing all significant sales • produced procedures guide for meaningful outdoor training opportunities weeds from the site • almost $470,000 raised by safe chemical handling Financial support was secured for the ongoing and improving employment and further Botanica and Artisans in the • assisted with fieldwork and provision of Youth Community Greening from education prospects: Gardens exhibitions specimen processing for Restore o 78 participants completed the course Bloomberg Australia, The Neilson Foundation, Eucalypt Australia and several individual donors. and Renew bush regeneration this year, gaining a formal qualification • archived and digitised library’s and statement of attainment in photographs. Community Engagement o the program is funded by a grant from Annual volunteer recognition roll-call the Australian Government Department The annual recognition and ‘thank you’ to volunteers was held at the Australian Botanic Garden Mount Annan in October of Social Services 2018 to coincide with the Garden’s 30th birthday celebrations. Some 47 volunteers were awarded recognition certificates for their years of service to the Gardens: Alan Leishman — 32 years; Julie Taylor, Rosemary Varley and Betty Thurley — 25 years; and Beryl Ferguson, Ann Wilcher, Ruth Foster, Margaret Hanks, Suzanne Knowles, Robyn Macintosh, Tony Waterworth, Jorgen Rasmussen, Dallas Griffin and Beverley Roden — 20 years. In addition, 24 volunteers celebrated 15 years’ service and seven volunteers were recognised for 10 years’ service.

38 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 39 Social performance

Support The BGCP Development (Development) team and the Foundation and Friends of the Botanic Gardens (Foundation & Friends)* focus on securing funds to ensure the Gardens can continue to deliver world-class science, horticulture, education and recreation.

Highlights for 2018-19 popularity. In addition, the team Lumira we produced a candle Thanks to the patronage of our secured a three-year grant from The inspired by the Royal Botanic generous supporters we exceeded Ian Potter Foundation to support Garden Sydney which now sits on our target for the Herbarium Rainforest Conservation research at shelves around the globe, from Digitisation Project end-of-financial- the Australian PlantBank. The Barneys New York to Selfridges in year appeal. The combined funds of project Looking inside rainforest London. Closer to home, our $370K raised by the Development seeds: fast-tracking rainforest seed collaboration with premium spirit team and Foundation & Friends have conservation to protect this brand Garden Grown Gin captured supported the largest herbarium disappearing ecosystem is the essence of the Australian imaging project in the southern investigating what happens inside Botanic Garden Mount Annan and hemisphere, which is currently seeds as they freeze and thaw, that promoted our conservation work underway at the Royal Botanic makes them difficult to conserve through the release of “the most Garden Sydney. Through digitisation, using standard seed banking Australian gin”. our collection of over 1.43 million techniques. herbarium specimens will become Finally, we would like to make a indefinitely accessible across the We would like to thank our valued special mention to the volunteers of world, creating opportunities to corporate partners for their ongoing the Royal Botanic Gardens and unlock vital clues to address critical commitment to our science, Domain Trust and Foundation & environmental issues. horticulture and education Friends who continue to programs. In addition to financial enthusiastically support our science The Development team also and in-kind support, our partners and horticulture programs, run tours received a number of significant gifts help us share our work and extend and events, operate our information from individuals, private trusts and and diversify our reach. Our new booths and visitor centres, and foundations throughout the year. major partnership with the Klorane propagate plants from the living This included a three-year funding Botanical Foundation nurtures collection to sell at the Growing commitment towards education environmental advocates for the Friends nurseries. programs at The Calyx which future through Herbarium on Stage continue to exceed our expectations workshops. In partnership with in terms of both engagement and luxury fragrance house Atelier

*Foundation and Friends of the Botanic Gardens Ltd (Foundation & Friends) is a not-for-profit membership-based organisation which serves as an important link between the Royal Botanic Gardens and Domain Trust and the community, and promotes, supports and contributes to the development of the Gardens. Our mission is to grow a strong supportive community to advocate and raise funds for our Botanic Gardens.

40 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 41 Social performance Social performance

Pauline Markwell and Dr Shann Turnbull; Jean Siegel; Our thanks Cheryl Martin; John and Fran Siemon; Adele McDonald; Alice Simpson and Robbie Feyder; John and Judith McKernan; Brenda Skinner; We greatly appreciate the support of our past and present donors, including Ian McLachlan and the late Helen McLachlan; Estate of Lois Stewart; generous commitments by those who have made a bequest provision in the future. Rosemary Millar; Elisabeth Thilo (née Lobl); Moore Family Philanthropic Foundation Limited; Dr Ron Thomson; Mundango Abroad; Edward Vellacott and Morna Vellacott; We extend our sincerest thanks to the Foundation & Friends for their unwavering Estate of Jian Kun Niu; Dr Richard Walsh and Sue Walsh; commitment and recognise the support, both financial and in-kind, provided by our Patricia Novikoff; Nell White and the late James White; Estate of Paul Simon Peter Price; Victor Willoughby; many corporate partners and members of our Corporate Club. Proud family; Jill Wran AM; Noriko Sakagami; Dr CL Wong; Julie Wong; Mark and Ruth Sampson; Dr Stephen Wong; Major Donors Family of Caterina Scarcella née Gallico; Yeend Family; Johanna Schmeling; Anonymous. Ruth Armytage AM; Tony Maxwell and Robyn Godlee; Estate of Clive and Lorna Backhouse; The Neilson Foundation; Roslyn Baker; Geoffrey O’Conor and Rachel O’Conor; Greg Bell and Myra Bell; Pace Foundation; Robert Constable and Janet Constable; Estate of Cliffina Thersey Rathborne; Charitable, Government and Research Grants Beswick Family Fund; Estate of Miss Beryl Raymer; the late James O Fairfax AC; Dr Jan Roberts and Prof Ken Roberts AM; ACARP; John B Fairfax AO; Dr Alex Robertson and the late Dorothy Robertson; Australian Academy of Science; Tim Fairfax AC; John Siemon and Robynne Siemon; Australian Biological Resources Study; Estate of Elizabeth Helen Gainey; Estate of Jean and Jock Smail; Australian Flora Foundation; Douglas Jackson and Tim Jackson; Tieck Family; Australian Government, Dept Environment and Energy (Threatened Species Commission Fund); Jamoca Foundation; Sally White OAM and Geoffrey White OAM; Australian Government Department of Industry, Innovation and Science; Estate of Stephen Victor Jupp; Mary Whitton; Australian Government Department of Social Services; Barry Kinnaird; Colin Wilson; Australian National Botanic Gardens/NSW Environmental Trust; Dr Geoffrey Long and Dr Ann Long; Anonymous. Australian Research Council; Estate of Helen Lyons; Australian Seed Bank Partnership/Royal Botanic Gardens Kew – Millennium Estate of Nancy Malfanti; Seed Bank; Susan Maple-Brown AM and the late Robert Maple- Centre for the Synthesis and Analysis of Biodiversity (CESAB); Brown AO; Eucalypt Australia; Hermon Slade Foundation; Inspiring Australia; Donors The Ian Potter Foundation; National Science Foundation (China); Barbara Abrahart; Dorothy Galvin; NSW Environmental Trust; Family of LCDR (Ret’d) and Mrs David Joseph Angus; The Hon Justice Peter Richard Garling RFD and Jane Office of Environment and Heritage; Geraldine Arnott and Christopher Arnott OAM; Garling; NSW Government – Saving Our Species; Simone Arnott and the late Robert Arnott; Gibbard family; Vincent Fairfax Family Foundation. Clive Austin AM and Patricia Austin; Robert Golik, René Golik and Michelle Golik; The Australian 49ers Association Inc; the late Neville Grace; Clive Blazey; Greatorex Foundation; Estate of Herbert Born; David Groves and Kathryn Groves; Principal Environmental Partner Nicholas Boyd; Georgina and Christopher Grubb; The Centenary Foundation – Scott Family Bequest; His Honour Judge Stephen Hanley SC and Pauline HSBC Bank Australia Helen Clift; David; Joseph and Sarah Constable; Hansen family and Staikos Family; Jim Cotis and Patricia Wason; Dr Alistair Hay; Major Partners Jennifer Crivelli; Dr James Hayes; Shaneen Crouch and the late Michael Crouch AC; Mabel Hayes; Bloomberg Australia; NSW Government Department of Family & Community Services; Pierre Fabre Australia and the Warwick Cumming; David Healey; Klorane Botanical Foundation; TransGrid. Dr Ian Daly and Diana Daly; Estate of Paul Albin Herzberg; Prof Noel Dan AM and Adrienne Dan; Dr F Max Hooper and Tess Hooper; Sir Roderick Deane and Lady Gillian Deane; Ella Lee; Partners Anne De Salis and Martin Barge; Dr Keith Lethlean and Dr Heather Johnston; Helen Devenish-Meares; Steven Kossard; Alpine Nurseries; Atelier Lumira; Cadbury; Campbelltown Catholic Club; Corrs Chambers Westgarth; Eden Garden Julie Drew; Liv-Better Foundation; Centres; Fyna Foods; Garden Grown Gin; Harris Farm Markets; KPMG; Musturf; Northcote Pottery; Oasis Eleanor Dunn; Loh Family; Horticulture; Oceanic Bio; Plantmark; Proteaflora; Ramm Landscape; Sydney Conservatorium of Music; The Diggers Jerry Ellis AO and Ann Ellis; Jenny Lourey; Club; Toolijooa Environmental Restoration; Tyrrell’s; The University of Sydney; Vegepod; Yates. Estate of the late Margaret Esson; Mrs J Ludowici; Family Frank Foundation; Lysicrates Foundation; Raoul de Ferranti and Dr Merilyn Sleigh; Marita MacMahon Ball; Corporate Club Dr Dorothy Forster; Manildra Flour Mills Pty Ltd; Flowers Across Sydney; Printzone.

42 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 43 Financial performance Financial performance

Commercial services

Financial

In 2018-19 we had 16 leases and licences with the NSW Government’s film-friendly performance across the three Gardens’ sites that policy to provide responsive and flexible contributed revenue of $6.7M. A further customer service to professional clients $2.8M was derived from car parking working in film and photography. operations, which went back into maintaining and upgrading our assets, The financial year 2018-19 saw 232 filming services and facilities. and photography bookings — predominantly wedding photography shoots. Commercial highlights for the reporting year included: The nature of filming requests is also • Transform tender was successfully changing — with TV dramas wanting to take concluded and Trippas White Catering advantage of the central CBD location of the were endorsed and appointed for the Royal Botanic Garden due to the range of delivery and management of food and backdrops on offer across the one site — beverage services at the Royal Botanic from scenic harbour views to cityscapes and Gardens and Domains’ three major beautiful gardens. outlets, being Terrace on the Domain, Botanic House and the Calyx Café Other key achievements during 2018-19 • Trippas White Catering secured City of include: Sydney and Heritage Branch • $65K in revenue from commercial film and development approvals to refurbish, photography shoots across the Royal rejuvenate and upgrade the Pavilion Botanic Garden and the Domain Restaurant & Kiosk and Botanic Garden • 166 wedding photography bookings for the Restaurant & Café as part of their new Royal Botanic Garden, generating $33K in tenure revenue • expansion of ‘Connected Garden’ — a • the Garden’s continued popularity as a digital infrastructure project that has backdrop for high-profile TV dramas (Mr delivered Wi-Fi and internet-ready Inbetween, the new ABC drama Les services across the Gardens and Domain Norton and the reality show Married at to existing major tenants, as well as First Sight), TV commercials (Mazda, major events organisers and users Vogue, Samsung, LG and Com Bank) and including Open Air Cinema, Handa a mix of fashion and advertising photo Opera, Red Bull, Invictus Games, shoots Harbourlife, Oktoberfest, Lost Picnic, • filming and broadcasting of the BBC’s Field Day and Florence + the Machine highly-regarded international television and • commencement of external specialist radio debate program Global Questions at accommodation managers, Ecohosting, Bennelong Point in the Royal Botanic to manage online bookings for The Garden, with a live audience and a VIP Jungle Lodge and Camellia Cottage at panel. the Blue Mountains Botanic Garden • launch of ‘Plants with Bite at The Calyx’ FEES AND CHARGES — the third long-term exhibition for the Each year fees and charges are reviewed for space, which resulted in 245,680 visitors a diverse range of facilities including public and a total of $1,092,000 in revenue programs, parking, sports field hire, • extension of food and beverage offerings functions and events. The aim of the review at Melaleuca House for a further two is to apply the Consumer Price Index (CPI) years to complement the Australian changes to fees and charges, and cover any Institute of Botanic Science build increases in administrative overheads and program at Australian Botanic Garden maintenance costs. Mount Annan. Our new rates came into effect in July 2019 FILMING AND PHOTOGRAPHY and are available online at: www.rbgsyd.nsw. We are committed to supporting visual arts gov.au and the entertainment industry, and comply

44 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 45 Financial performance Financial performance

Payment performance Investment performance

ACCOUNTS PAYMENTS AT THE END OF EACH QUARTER During the reporting year the Trust continued to invest funds in the appropriate NSW Treasury Corporation Hour-Glass Investment Facility that matches the duration of the Trusts’ underlying liabilities and Overdue Overdue Currently within Overdue less Overdue more commitments. In addition, investments were made in bank term deposits which have been arranged through Quarter between 30- between 60- 30 days than 30 days than 90 days NSW Treasury Corporation. Surplus funds have been invested in the Cash Facility to meet the Trust’ 60 days 90 days short-term obligations. The appropriate benchmark performance for comparison for the Cash Facility is the Sep-18 5,115,479 411,254 63,606 13,965 11,458 UBS Bank Bill Index.

Dec-18 19,268,182 514,805 57,542 18,895 34,999 Details of the Trust’s investments are shown below: Mar-19 16,129,359 1,887,128 122,390 22,671 19,144 Jun-19 14,295,455 520,011 58,373 25,713 38,217

HOUR GLASS INVESTMENT FACILITIES ON 30 JUNE ACCOUNTS PAYABLE 2015-16 2016-17 2017-18 2018-19 Total value of Total Amount Value of cash facility on 1 July $1,023,658 Target % Actual % Value $ $883,268 $994,191 $1,008,932 accounts payable Paid $ Value of cash facility on 30 June $994,191 $1,008,932 $1,023,658 $1,038,414 September quarter 100% 91% 5,115,479 5,615,762 Interest income earned $17,854 $14,741 $14,726 $14,756 December quarter 100% 97% 19,268,182 19,894,423 Actual rate of return 2.48% 1.47% 1.45% 1.43% March quarter 100% 89% 16,129,359 18,180,692 Benchmark rate of return 2.24% 1.45% 1.48% 1.41% June quarter 100% 96% 14,295,455 14,937,769 BANK TERM DEPOSITS ON 30 JUNE 2015-16 2016-17 2017-18 2018-19 Value of deposits on 1 July $1,560,000 $4,024,731 $4,134,406 $2,545,543 Value of deposits on 30 June $4,024,731 $4,134,406 $2,545,543 $2,609,828 Interest income earned $134,640 $109,675 $63,170 $64,285 Actual rate of return 2.75% 2.69% 2.50% 2.49%

The Trust utilises term deposits to take advantage of higher interest rates. The holdings are in line with the Parklands financial strategy, which is to ensure it meets its short-term cash flow requirements as well as specific future capital commitments.

46 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 47 Financial performance

Royal Botanic Gardens and Domain Trust Financial Statements for the year ended 30 June 2019

STATEMENT BY TRUSTEES Pursuant to Section 41C (1B) and (1C) of the Public Finance and Audit Act 1983, we state that:

a) the accompanying financial statements have been prepared in accordance with the provisions of the Public Finance and Audit Act 1983, the Public Finance and Audit Regulation 2015 (as applicable), Australian Accounting Standards and mandatory NSW Treasury accounting publications.

b) the statements exhibit a true and fair view of the Trust’s financial position as at 30 June 2019 and the transactions of the year then ended

c) we are not aware of any circumstances that would render any particulars included in the financial statements to be materially misleading or inaccurate.

Philip Marcus Clark AO Mark Fleming Trust Chairman Trustee Royal Botanic Gardens Royal Botanic Gardens and Domain Trust and Domain Trust

30 September 2019

Financial statements

48 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 49 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Independent Audit Report Independent Audit Report

My opinion on the financial statements does not cover the other information. Accordingly, I do not express any form of assurance conclusion on the other information.

In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the audit, or otherwise appears to be materially misstated.

If, based on the work I have performed, I conclude there is a material misstatement of the other INDEPENDENT AUDITOR’S REPORT information, I must report that fact.

Royal Botanic Gardens and Domain Trust I have nothing to report in this regard. The Trustees’ Responsibilities for the Financial Statements To Members of the New South Wales Parliament The Trustees are responsible for the preparation and fair presentation of the financial statements in accordance with Australian Accounting Standards and the PF&A Act, and for such internal control as Opinion the Trustees determine is necessary to enable the preparation and fair presentation of the financial statements that are free from material misstatement, whether due to fraud or error. I have audited the accompanying financial statements of the Royal Botanic Gardens and Domain Trust (the Trust), which comprise the Statement of Comprehensive Income for the year ended In preparing the financial statements, the Trustees are responsible for assessing the Trust’s ability to 30 June 2019, the Statement of Financial Position as at 30 June 2019, the Statement of Changes in continue as a going concern, disclosing as applicable, matters related to going concern and using the Equity and the Statement of Cash Flows for the year then ended, notes comprising a Summary of going concern basis of accounting. Significant Accounting Policies and other explanatory information. Auditor’s Responsibilities for the Audit of the Financial Statements In my opinion, the financial statements: My objectives are to: • give a true and fair view of the financial position of the Trust as at 30 June 2019, and of its • obtain reasonable assurance about whether the financial statements as a whole are free from financial performance and its cash flows for the year then ended in accordance with Australian material misstatement, whether due to fraud or error Accounting Standards • issue an Independent Auditor’s Report including my opinion. • are in accordance with section 41B of the Public Finance and Audit Act 1983 (PF&A Act) and the Public Finance and Audit Regulation 2015. Reasonable assurance is a high level of assurance, but does not guarantee an audit conducted in accordance with Australian Auditing Standards will always detect material misstatements. My opinion should be read in conjunction with the rest of this report. Misstatements can arise from fraud or error. Misstatements are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions users take Basis for Opinion based on the financial statements.

I conducted my audit in accordance with Australian Auditing Standards. My responsibilities under the A description of my responsibilities for the audit of the financial statements is located at the Auditing standards are described in the ‘Auditor’s Responsibilities for the Audit of the Financial Statements’ and Assurance Standards Board website at: www.auasb.gov.au/auditors_responsibilities/ar4.pdf. The section of my report. description forms part of my auditor’s report.

I am independent of the Trust in accordance with the requirements of the: My opinion does not provide assurance:

• Australian Auditing Standards • that the Trust carried out its activities effectively, efficiently and economically • Accounting Professional and Ethical Standards Board’s APES 110 ‘Code of Ethics for • about the assumptions used in formulating the budget figures disclosed in the financial Professional Accountants’ (APES 110). statements I have fulfilled my other ethical responsibilities in accordance with APES 110. • about the security and controls over the electronic publication of the audited financial statements on any website where they may be presented Parliament promotes independence by ensuring the Auditor-General and the Audit Office of • about any other information which may have been hyperlinked to/from the financial statements. New South Wales are not compromised in their roles by:

• providing that only Parliament, and not the executive government, can remove an Auditor-General • mandating the Auditor-General as auditor of public sector agencies • precluding the Auditor-General from providing non-audit services.

I believe the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion. Reiky Jiang Director, Financial Audit Services

Other Information Delegate of the Auditor-General for New South Wales The Trust’s annual report for the year ended 30 June 2019 includes other information in addition to the 1 October 2019 financial statements and my Independent Auditor’s Report thereon. The Trustees of the Trust are SYDNEY responsible for the other information. At the date of this Independent Auditor’s Report, the other information I have received comprise the signed Statement pursuant to section 41C of the PF&A Act.

50 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 51 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Statement of Comprehensive Income Statement of Financial Position for the year ended 30 June 2019 as at 30 June 2019

Actual Budget Actual 2019 2019 2018 Actual Budget Actual Notes $'000 $'000 $'000 2019 2019 2018 ASSETS Notes $'000 $'000 $'000 Current Assets Continuing operations Cash and cash equivalents 6 8,030 3,093 9,397 Expenses excluding losses Receivables 7 2,193 1,800 2,381 Personnel services expenses 2(a) 27,960 29,498 24,658 Inventories 8 22 21 15 Other operating expenses* 2(b) 23,245 21,372 23,100 Financial assets 9 2,610 2,606 2,546 Total Current Assets 12,855 7,520 14,339 Depreciation and amortisation 2(c) 5,280 6,721 5,483

Total expenses excluding losses 56,485 57,591 53,241 Non Current Assets Receivables 10 7,894 7,894 7,203 Revenue Property, plant and equipment Sale of goods and services 3(a) 10,656 13,095 10,034 - Land and buildings 11 392,084 398,287 379,342 Investment revenue 3(b) 7,409 7,003 7,464 - Plant and equipment 11 2,492 56,325 2,668 Retained taxes, fees and fines 3(c) 869 1,436 1,107 - Infrastructure systems 11 81,512 90,606 77,945 Grants and contributions 3(d) 36,021 39,301 38,011 - Collection assets 11 373,548 - 337,572 Other income 3(e) 2,617 1,944 1,975 - Work in Progress 11 13,367 - 17,182 Total Property, Plant and Equipment 863,003 545,218 814,709 Total Revenue 57,572 62,779 58,591 Intangible assets 12 2,324 688 1,292 Operating result 1,087 5,188 5,350 Total Non-Current Assets 873,221 553,800 823,204

Gain / (Loss) on disposal 4(a) 65 - (122) Total Assets 886,076 561,320 837,543 Impairment (losses) / gain on financial assets* 4(b) (66) - 43 Net result from continuing operations 22 1,086 5,188 5,271 LIABILITIES Current Liabilities Payables 15 9,410 7,055 9,066 Net result 1,086 5,188 5,271 Other current liabilities - 441 - Total Current Liabilities 9,410 7,496 9,066 Other Comprehensive Income Items that will not be reclassified to net Non-Current Liabilities result in subsequent periods Payables 16 782 778 709 Changes in revaluation surplus of property, plant 11 21,164 9,369 27,678 Other non-current liabilities - - - and equipment Total Non-Current Liabilities 782 778 709 Total other comprehensive income 21,164 9,369 27,678 TOTAL COMPREHENSIVE INCOME 22,250 14,557 32,949 Total Liabilities 10,192 8,274 9,775

* Impairment loss originally included in 2018 is being reported separately as required by AASB 9. Net Assets 875,884 553,046 827,768 The accompanying notes form part of these financial statements. EQUITY Reserves 373,060 354,365 351,896 Accumulated funds 502,824 198,681 475,872 Total Equity 875,884 553,046 827,768 The accompanying notes form part of these financial statements.

52 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 53 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Statement of Changes in Equity Statement of Cash Flows for the year ended 30 June 2019 for the year ended 30 June 2019

Accumulated Asset Total Actual Budget Actual Funds Revaluation 2019 2019 2018 Surplus Notes $’000 $’000 $’000 Notes $’000 $’000 $’000 CASH FLOWS FROM OPERATING ACTIVITIES Balance at 1 July 2018 475,872 351,896 827,768 Payments Restatement of Collection Assets 26 25,885 - 25,885 Personnel services (28,394) (29,498) (25,909) Expected Credit loss adjustment due to AASB 9 (19) - (19) Grants and subsidies - - (1) Restated balance at 1 July 2018 501,738 351,896 853,634 Other (21,654) (23,945) (21,633) Net result for the Year 1,086 - 1,086 Total Payments (50,048) (53,443) (47,543) Receipts Other comprehensive income Net change in revaluation surplus of Grants and contributions 29,583 39,301 34,802 property, plant and equipment 11 - 21,164 21,164 Sale of goods and services 13,735 13,081 12,198 Total other comprehensive income - 21,164 21,164 Rent received 6,670 6,889 6,733 Total comprehensive income for Retained taxes, fees and fines 869 - 1,107 1,086 21,164 22,250 the period Reimbursements from the Crown Entity 550 - 301 Balance at 30 June 2019 502,824 373,060 875,884 Interest received 145 52 107 195,061 324,218 519,279 Balance at 1 July 2017 Other 1,716 6,917 2,648 Restatement of Collection Assets 275,540 - 275,540 Total Receipts 53,268 66,240 57,896 Restated balance at 1 July 2017 470,601 324,218 794,819 Net result for the year 5,271 - 5,271 NET CASH FLOWS FROM OPERATING ACTIVITIES 22 3,220 12,797 10,353 Other comprehensive income CASH FLOWS USED IN INVESTING ACTIVITIES Net change in revaluation surplus of Purchases of land and buildings, plant and equipment and property, plant and equipment 11 - 27,678 27,678 Total other comprehensive income - 27,678 27,678 infrastructure systems (4,635) (11,924) (6,313) Total comprehensive income for the period 5,271 27,678 32,949 Purchases of financial assets (64) - (1,373) Balance at 30 June 2018 475,872 351,896 827,768 Proceeds from sale of land and buildings, plant and equipment and infrastructure systems 112 - 14 The accompanying notes form part of these financial statements. NET CASH FLOWS USED IN INVESTING ACTIVITIES (4,587) (11,924) (7,672) NET INCREASE IN CASH AND CASH EQUIVALENTS (1,367) 873 2,681 Opening cash and cash equivalents 9,397 2,220 6,716 CLOSING CASH AND CASH EQUIVALENTS 6 8,030 3,093 9,397

The accompanying notes form part of these financial statements.

54 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 55 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part Notes to and forming part of the Financial Statements of the Financial Statements for the year ended 30 June 2019 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) for the year ended 30 June 2019

1. SUMMARY OF SIGNIFICANT (b) Basis of preparation (c) Statement of compliance policies in respect of recognition, Measurement (AASB 139). Apart from a business models apply to the financial ACCOUNTING POLICIES The Trust’s financial statements are The financial statements and notes classification and measurement of minor increase in Provision due to assets held by the Trust and has (a) Reporting Entity general purpose financial statements comply with Australian Accounting financial assets and financial liabilities, recognition of AASB 9 expected credit classified its financial instruments into Royal Botanic Gardens and Domain which have been prepared on an Standards, which include Australian derecognition of financial instruments losses which have been recognised the appropriate AASB 9 categories. Trust (the Trust) is a corporation accrual basis and in accordance with: Accounting Interpretations. and impairment of financial assets. directly in accumulated funds and There are no effects on the balances constituted under the Royal Botanic AASB 9 also significantly amends other Provision, there are no other impact on resulting from this reclassification and a Gardens and Domain Trust Act 1980. • applicable Australian Accounting (d) Administered activities standards dealing with financial the statement of financial position as at small remeasurement impact to It is a NSW government entity and is Standards (which include Australian The Trust does not administer or control instruments such as the revised AASB 1 July 2018 compared to the balance impairment provision after applying controlled by the State of New South Accounting Interpretations) any activities on behalf of the Crown. 7 Financial Instruments: Disclosure as at 30 June 2018 reported under expected credit losses methodology. Wales, which is the ultimate parent. It • the requirements of the Public (AASB 7R). AASB 139. The impact on reserves and operates as one program and there are Finance and Audit Act 1983 and (e) Accounting for the Goods and accumulated funds due to the transition no other entities under its control Public Finance and Audit Regulation Services Tax (GST) The Trust applied AASB 9 (a) Classification and measurement to AASB 9 is immaterial. which are required to be consolidated 2015 and Income, expenses and assets are retrospectively but has not restated the of financial instruments in these financial statements. • Financial Reporting Directions recognised net of the amount of GST, comparative information which is On 1 July 2018 (the date of initial The impact of transition to AASB 9 on published in the Financial Reporting except where: reported under AASB 139 Financial application of AASB 9), the Trust’s reserves and accumulated funds is, as The Trust operates three Botanic Code for NSW General Government • amount of GST incurred by the Trust as Instruments: Recognition and management has assessed which follows: Gardens as well as the Domain with Sector Entities or mandated by the a purchaser that is not recoverable significant science and horticultural Treasurer. from the Australian Taxation Office is Accumulated Total change elements as well as providing a range recognised as part of an asset’s cost of Funds in equity of commercial activities including the Property, plant and equipment are acquisition or part of an item of measured at fair value. Other financial expense and lease/licence of a number of Notes $’000 $’000 properties. statement items are prepared in • receivables and payables are stated accordance with the historical cost with the amount of GST included Closing balance 30 June 2018 - AASB 139 23 475,872 827,768 The Trust is incorporated and convention except where specified domiciled in Australia. Its principal otherwise. Cash flows are included in the Statement Recognition of AASB 9 expected credit losses (19) (19) of Cash Flows on a gross basis. However, places of business are: the Royal Opening balance 1 July 2018 - AASB 9 Total 475,853 827,749 Botanic Garden Sydney, the Domain, Judgements, key assumptions and the GST components of cash flows the Australian Botanic Garden Mount estimations management has made, arising from investing and financing are disclosed in the relevant notes to activities which are recoverable from, or The nature of the above adjustments and circumstances as at the initial as at 30 June 2018 are held to collect Annan and the Blue Mountains Botanic are described below: recognition of the assets. contractual cash flows representing Garden Mount Tomah. the financial statements. payable to, the Australian Taxation Office are classified as operating cash flows. Under AASB 9, subsequent solely payments of principal and measurement of debt financial assets is The classification and measurement interest. At 1 July 2018, these are The Trust is a not-for-profit entity (as Unless otherwise stated, amounts are rounded to the nearest one thousand (f) Comparative Information based on assessing the contractual requirements of AASB 9 did not have classified and measured as debt profit is not its principal objective) and cash flow characteristics of the debt any material impact to the Trust’s instruments at amortised cost. is consolidated as part of the NSW dollars and are expressed in Australian Except when an Australian Accounting currency. Standard permits or requires otherwise, instrument and the Trust’s business Statement of Comprehensive Income. Total State Sector. model for managing the instrument. The Trust continued measuring at fair - The Trust has not designated any comparative information is disclosed in The Trust’s financial statements have respect of the previous period for all value, all financial assets previously financial liabilities at fair value through As a result of the Government Sector The assessment of the Trust’s business held at fair value under AASB 139. profit or loss. There are no changes in Employment Act 2013, employees of been prepared on a going concern amounts reported in the financial basis. In making its assessment that statements. model was made as of the date of initial the classification and measurement for the Trust are reported as employees of application, 1 July 2018. The The following are the changes in the the Trust’s financial liabilities. a Division of the Government Service. this basis is appropriate the Trust has taken into account and relied upon the Where necessary, comparative assessment of whether contractual classification of the Trust’s financial In summary, upon the adoption of From 24 February 2014, the Office of cash flows on debt instruments are assets: AASB 9, the Trust had the following Environment and Heritage has letter of support provided by the information has been reclassified to Department of Planning Industry and ensure consistent presentation with the solely comprised of principal and - Trade receivables classified as ‘Loans required or elected reclassifications as provided these services as per interest was made based on the facts and receivables’ (L&R) under AASB 139 at 1 July 2018:. Administrative Arrangement Order Environment dated 30 September 2019 current year. which states it will continue to provide 2014 No. 11. The Trust reports Measurement category Carrying amount financial and other support for the Trust (g) Changes in accounting policy, employee related information as AASB 139 AASB 139 AASB 9 Original New $’000 Difference $’000 “personnel services” in its financial for 12 months from the date of the including new or revised Australian statements. signed audit opinion and financial Accounting Standards Trade L&R Amortised 2,311 2,292 (19) statements of the Trust. This will be to receivables cost These financial statements for the year the extent that such support is (i) Adoption of New Australian ended 30 June 2019 have been required, and subject to any intervening Accounting Standard requirements (b) Impairment with a forward-looking expected credit There is no impact to the Trust on authorised for issue by the Board of decision of Government in relation to The Trust adopted AASB 9 Financial The adoption of AASB 9 has changed loss (ECL) approach. AASB 9 requires adopting the new impairment model. Trustees on 30 September 2019. the Trust. Instruments for the first time in 2018-19, the Trust’s accounting for impairment the Trust to recognise an allowance for which resulted in changes in accounting losses for financial assets by replacing ECLs for all debt instruments not held AASB 139’s incurred loss approach at fair value through profit or loss.

56 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 57 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(ii) Issued but not yet effective recognition is currently based on when the adoption of AASB 15 and AASB NSW public sector entities are not risks and rewards are transferred. 1058 have been assessed by the Trust 2. EXPENSES EXCLUDING LOSSES permitted to early adopt new Australian • AASB 1058 Income of Not-for-Profits as not being significant. Accounting Standards, unless Treasury (AASB 1058) is effective for reporting 2019 2018 determines otherwise. periods commencing on or after 1 • AASB 16 Leases Notes $’000 $’000 January 2019 and will replace most of • AASB 16 Leases (AASB 16) is effective (a) Personnel services expenses The following new Accounting Standards the existing requirements in AASB from reporting periods commencing Personnel services are acquired from the Office of Environment and Heritage have not been applied and are not yet 1004 Contributions (AASB 1004). The on or after 1 January 2019. effective. scope of AASB 1004 is now limited • For lessees, AASB 16 will result in most and comprise: mainly to parliamentary appropriations, leases being recognised on the Salaries and wages (including recreational leave) 22,033 21,711 • AASB 15, AASB 2014-5, 2015-8, 2016-3 administrative arrangements and Statement of Financial Position, as the and 2016-7 regarding Revenue from contributions by owners. Under AASB distinction between operating and Superannuation - defined benefit plans 216 172 Contracts with Customers 1058, the Trust will need to determine finance leases is largely removed. Superannuation - defined contribution plans 1,831 1,746 • AASB 16 regarding accounting for leases whether a transaction is consideration Under the new standard, an asset (the Long service leave 1,572 (483) • AASB 1058 regarding Income of received below fair value principally to right to use the leased item) and a Workers' compensation insurance 538 175 Not-for-profit Entities enable the Trust to further its financial liability to pay rentals are • AASB 1059 regarding Service objectives (accounted for under AASB recognised at the commencement of Payroll and fringe benefits tax 1,343 1,337 Concession Arrangements: Grantors 1058) or a revenue contract with a the lease. The only exceptions are Redundancy payments 427 - • AASB 2016-8 regarding requirements customer (accounted for under AASB short-term and low-value leases. Total 27,960 24,658 and guidance for not-for-profit entities 15). AASB 16 will therefore increase assets into AASB 9 and 15. • The standards will result in the and liabilities reported on the (b) Other operating expenses 2019 2018 • AASB 2018-3 regarding reduced identification of separate performance Statement of Financial Position. It will disclosure requirements to AASB 16 and obligations that will change the timing also increase depreciation and interest $’000 $’000 AASB 1058 of recognition for some revenues, expenses and reduce operating lease Fee for services 4,713 4,984 • AASB 2018-4 regarding amendments to including revenues relating to sales of rental expenses on the Statement of Share services cost 3,042 1,601 AASB 15 & 16 goods and services and specific Comprehensive Income. Expenses • AASB 2018-7 regarding amendments to purpose grants and subsidies. The recognised in the earlier years of the Maintenance 2,548 2,723 AASB 101 Presentation of Financial adoption of these standards will lease term will be higher as the interest Volunteer and in kind contributions 1,955 1,875 statements & AASB 108 Accounting primarily result in the recognition of charges will be calculated on a larger Waste removal and cleaning policies, Changes in Accounting increased liabilities reported on the lease liability balance. Existing finance 1,722 1,814 Estimates and Errors. Statement of Financial Position, leases are not expected to be Stores and provisions 1,373 1,426 predominately consisting of contract significantly impacted from the Security 1,397 1,451 Apart from AASB15 and AASB16, the rest liabilities. transition to AASB 16. of the standards have been assessed for • Under AASB 1058, the Trust will • The accounting for lessors under AASB Utilities 1,505 1,427 their possible impact on the financial recognise as liabilities, obligations for 16 will not significantly change. Plant and equipment hire 653 772 statements, if any, in the period of their funding received where there is an • The Trust will adopt AASB 16 on 1 July Contractors 485 624 initial application. The assessment obligation to construct recognisable 2019 through application of the partial concluded that there will be no material non-financial assets controlled by the retrospective approach, where only the Advertising 392 345 impact. Trust. current year is adjusted as though Insurance 295 300 • The Trust will adopt AASB 15 and AASB 16 had always applied. Legal fees • AASB 15 Revenue from Contracts with AASB 1058 on 1 July 2019 through Comparative information will not be 248 193 Customers, AASB 2014-5 Amendments application of the full retrospective restated. The Trust will also adopt the Cost of sales 267 190 to Australian Accounting Standards transition approach. Recognition and practical expedient whereby the fair Printing 164 174 arising from AASB 15 and AASB 1058 measurement principles of the new value of the right-of use asset will be Income of Not-for-Profits standards will be applied for the the same as the lease liability at 1 July Training 143 282 • AASB 15 Revenue from Contracts with current year and comparative year as 2019. Telephone 142 127 Customers (AASB 15) is effective for though AASB 15 and AASB 1058 had • Based on the impact assessments the Operating lease rental expense - minimum lease payments 117 146 reporting periods commencing on or always applied. Trust has undertaken on currently after 1 January 2019. AASB 15 • Based on the impact assessments the available information, the Trust Consultants 111 305 establishes a five-step model to Trust has undertaken on currently estimates additional lease liabilities of Internal audit 32 99 account for revenue arising from available information, the Trust $266,000 and right-of-use assets of Other contracts with customers. Revenue is estimates that the adoption of AASB $266,000 will be recognised as at 1 1,941 2,242 recognised when control of goods or 15 and AASB 1058 will result in the July 2019 for leases in which the Trust Total 23,245 23,100 services is transferred to the customer deferral of revenue and recognition of is a lessee. Most operating lease at amounts that reflect the contractual liabilities and capital grant expenses will be replaced by Volunteer and in-kind contributions include volunteer services received $1,714,375 (2018:$1,683,428) as well as consideration to which the Trust obligations (unearned revenue) of depreciation of the right of use asset in kind contributions received from vendors and sponsors $240,547 (2018: $191,365), refer Note 3(d). expects to be entitled in exchange for $3.53 million, with a corresponding and interest on the lease liability. The transferring the goods or services to (decrease) in accumulated funds of impact on the statement of the customer. Under AASB 118 $3.53 million. comprehensive income is expected to Revenue (AASB 118), revenue • The impacts to balances resulting from be minimal.

58 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 59 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

2. EXPENSES EXCLUDING LOSSES (continued)

2019 2018 3. REVENUES $’000 $’000

Maintenance Reconciliation: Recognition and Measurement Maintenance expense, as above 2,548 2,723 Maintenance expense contracted labour 620 500 Revenue is measured at the fair value of the consideration or contribution received or receivable. Additional comments regarding the accounting policies for the recognition of income are discussed below. Personnel services maintenance expense included in Note 2(a) 10,553 10,702 Total maintenance expenses included in Note 2(a) and 2(b) 13,721 13,925 2019 2018 $’000 $’000 (a) Sale of goods and services Recognition and Measurement Use of recreational facilities 5,477 4,961 Parking meter 2,820 2,874 Maintenance expense Fees received 1,971 1,904 Day-to-day servicing costs or maintenance are charged as expenses as incurred, except where they relate to the Sale of goods 373 252 replacement or an enhancement of a part or component of an asset, in which case the costs are capitalised and depreciated. Other 15 43 Total 10,656 10,034 Insurance The Trust’s insurance activities are conducted through the NSW Treasury Managed Fund Scheme of self-insurance for Government entities. The expense (premium) is determined by the Fund Manager based on past claims experience. Recognition and Measurement

Operating lease rental expense (i) Sale of goods Operating lease payments are recognised as an operating expense in the Statement of Comprehensive Income on a Revenue from the sale of goods is recognised as income when the Trust transfers the significant risks and rewards of straight-line basis over the lease term. The Trust has entered into operating leases under which the lessor effectively ownership of the goods, usually on delivery of the goods. retains all the risks and benefits incidental to ownership of the leased asset. (ii) Rendering of services Revenue is recognised when the service is provided or by reference to the stage of completion (based on labour hours incurred to date). 2019 2018 Notes $’000 $’000 (c) Depreciation and amortisation expenses 2019 2018 $’000 $’000 Depreciation (b) Investment revenue Buildings 11 2,730 3,047 Rental income 7,264 7,356 Infrastructure systems 11 1,940 1,861 Interest revenue from financial assets not at fair value through profit or loss 79 78 Plant and equipment 11 567 574 Other 66 30 Total 7,409 7,464 Total 11 5,237 5,482 Recognition and Measurement Amortisation Amortisation of intangible assets 12 43 1 Rental income Total 43 1 Rental income arising from operating leases is accounted for on a straight-line basis over the lease term.

Total depreciation and amortisation 22 5,280 5,483 Rental income for 2019 includes an adjustment of $627,943 (2018: $759,677) in relation to the straight lining of Domain car park lease income in accordance with the requirements of AASB 117 Leases.

Recognition and Measurement All leases are classified as operating leases as the lease payments do not represent substantially all the fair value of the land and as a result the lessee does not substantially hold all the risks and rewards incidental to ownership of the leased asset. Refer Note 11 for depreciation policy related to Property, Plant and Equipment and refer Note 12 for amortisation policy related to Intangible assets. Investment revenue Interest revenue is recognised using the effective interest method. The effective interest rate is the rate that exactly discounts the estimated future cash receipts over the expected life of the financial instrument or a shorter period, where appropriate, to the net carrying amount of the financial asset.

60 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 61 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

3. REVENUES (continued) 3. REVENUES (continued)

2019 2018 Recognition and Measurement $’000 $’000 (c) Retained taxes, fees and fines The following liabilities and / or expenses have been assumed by the Crown Entity or other government entities:

Parking fine and penalty income 869 1,107 2019 2018 Total 869 1,107 Notes $’000 $’000 Superannuation – defined benefit 206 163 2019 2018 Long service leave 1,485 (456) $’000 $’000 Payroll tax 10 9 (d) Grants and contributions Total 1,701 (284)

NSW Government through NSW Department of Planning & Environment 24,687 28,268 2019 2018 Grants and donations 3,610 5,762 Notes $’000 $’000 Volunteer and in kind contributions 1,955 1,875 (e) Other income Research Grants 1,285 759 Insurance recoveries 211 80 Personnel Services assumed by Crown Entity 1,701 (284) Expense recoveries 1,304 622 Total 33,237 36,380 First time recognition of assets 11, 22 - 1 Other 1,102 1,272 2019 2018 Total 2,617 1,975 $’000 $’000 Expense recoveries include damage and utility costs recovered from event customers and car parking recoveries from staff. Other primarily consists of reimbursement for Horticultural Services provided to Centennial Park and Moore Park Trust. Contributions of assets National Herbarium of NSW (The Herbarium) 1,645 1,631 4. GAIN / (LOSSES) Seed bank collection 1,100 - 2019 2018 Assets acquired free of charge 39 - Notes $’000 $’000 Total 2,784 1,631 (a) Gain/ (Losses) on disposal Total grants and contributions 36,021 38,011 Proceeds from the sale of assets 112 14 Written down value of assets disposed 11 (47) (136) Recognition and Measurement Total 22 65 (122)

Income from grants (other than contribution by owners) is recognised as income when the Trust obtains control over the contributions. The Trust is deemed to have assumed control when the grant is received or receivable. 2019 2018 Notes $’000 $’000 Contributions are recognised at their fair value. Contributions of services are recognised when and only when a fair value of those services can be reliably determined and the services would be purchased if not donated. (b) Other Gain/ (Losses) Volunteer and in-kind contributions include volunteer services received $1,714,375 (2018: $1,683,428) as well as in kind Impairment (loss)/gain 7,20 (37) 43 contributions received from vendors and sponsors $240,547 (2018: $191,365), refer to Note 2 (b). Bad debt write off (29) - Total (66) 43 Research grants are applied to those areas of scientific endeavour sponsored by the grantor.

The Herbarium contributions of $1,644,923 (2018: $1,630,637) reflects the contributions of Herbarium specimens from Recognition and Measurement other institutions and field collections as a result of recognition of the Herbarium (refer to Note 26). In addition, seed bank contributions of $1,099,730 was recognised the first time in 2019. Impairment losses Impairment losses may arise on assets held by the Trust from time to time. Accounting for impairment losses is dependent upon the individual asset (or group of assets) subject to impairment. Accounting Policies and events giving rise to impairment losses are disclosed in the following notes:

Receivables – Note 7 Property, plant and equipment – Note 11 Financial assets – Note 9 Intangible assets – Note 12

62 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 63 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

7. CURRENT ASSETS - RECEIVABLES (continued)

5. PROGRAM GROUP OF THE TRUST 2018 From 1 July 2016, Royal Botanic Gardens and Domain Trust operates as one program group. It carries out research into Notes $’000 plant diversity cultivation and pathology, informing and contributing to policies relating to flora, vegetation and biodiversity; * Movement in the allowance for expected credit losses enhancing and maintaining the State collection of preserved plants and NSW Seedbank; designing and delivering plant related programs for specific visitor and outreach groups; and delivering volunteer programs to support Trust objectives. It is Balance at 30 June 2018 Under AASB 139 (37) also managing, making accessible and interpreting the landscapes and living collections of plants in the botanic gardens; Amounts restated through opening accumulated funds 23(c) (19) maintaining conservation collections; conserving and interpreting the Aboriginal and cultural heritage of the botanic gardens; Balance at 1 July 2018 under AASB 9 (56) and making Trust sites available for community events, commercial events, sport and recreation events. Increase/(decrease) in allowance recognised in net result (37) Balance at 30 June 2019 (93) 6. CURRENT ASSETS - CASH AND CASH EQUIVALENTS

2019 2018 ** Movement in the allowance for impairment Note $’000 $’000 Balance as at 1 July 2017 (80) Cash at bank and on hand 6,991 8,372 Amounts written back during the year 43 Petty cash 1 1 Increase/(decrease) in allowance recognised in net result - At call deposits - T Corp 1,038 1,024 Balance at 30 June 2018 (37) Total 23 8,030 9,397

Recognition and Measurement For the purposes of the Statement of Cash Flows, cash and cash equivalents include cash at bank, cash on hand and short All ‘regular way’ purchases or sales of financial assets are recognised and derecognised on a trade date basis. Regular way term deposits with maturities of three months or less and subject to an insignificant risk of changes in value. purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace. 2019 2018 Receivables are initially recognised at fair value plus any directly attributable transaction costs. Trade receivables that do not $’000 $’000 contain a significant financing component are measured at the transaction price. Closing cash and cash equivalents (per Statement of Financial Position) 8,030 9,397

Closing cash and cash equivalents (per Statement of Cash Flows) Subsequent measurement under AASB 9 (from 1 July 2018) 8,030 9,397 The Trust holds receivables with the objective to collect the contractual cash flows and therefore measures them at Restricted assets listed in Note 14 are included in the cash and cash equivalents amounts. amortised cost using the effective interest method, less any impairment. Changes are recognised in the net result for the Refer Note 23 for details regarding credit risk, liquidity risk and market risk arising from financial instruments. year when impaired, derecognised or through the amortisation process.

Subsequent measurement under AASB 139 (for comparative period ended 30 June 2018) Subsequent measurement is at amortised cost using the effective interest method, less any impairment. Changes are 7. CURRENT ASSETS - RECEIVABLES recognised in the net result for the year when impaired, derecognised or through the amortisation process.

2019 2018 Impairment Under AASB 9 (from 1 July 2018) Notes $’000 $’000 The Trust recognises an allowance for expected credit losses (ECLs) for all debt financial assets not held at fair value through Sales of goods and services 1,105 1,258 profit or loss. ECLs are based on the difference between the contractual cash flows and the cash flows that the Trust expects to receive, discounted at the original effective interest rate. Rent receivable 189 884

Other debtors - general 588 206 For trade receivables, the Trust applies a simplified approach in calculating ECLs. The Trust recognises a loss allowance Less Allowance for expected credit losses (93) - based on lifetime ECLs at each reporting date. The Trust has established a provision matrix based on its historical credit loss Less Allowance for impairment - (37) experience for trade receivables, adjusted for forward-looking factors specific to the receivable. 23(a) 1,789 2,311 Under AASB 139 (for comparative period ended 30 June 2018) Retained taxes - GST receivable 306 - Receivables are subject to an annual review for impairment. These are considered to be impaired when there is objective Prepayments 98 70 evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. Total 2,193 2,381 The Trust first assesses whether impairment exists individually for receivables that are individually significant, or collectively for those that are not individually significant. Further, receivables are assessed for impairment on a collective basis if they were assessed not to be impaired individually.

64 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 65 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

7. CURRENT ASSETS - RECEIVABLES (continued) 9. CURRENT ASSETS - FINANCIAL ASSETS (continued)

The amount of the allowance is the difference between the asset’s carrying amount and the present value of estimated future Subsequent measurement under AASB 9 (from 1 July 2018) cash flows, discounted at the original effective interest rate. The amount of the impairment loss is recognised in the net result Financial assets at amortised cost for the year. The Trust’s financial assets are classified and subsequently measured at amortised cost as they are held for collection of Any reversals of impairment losses are reversed through the net result for the year, if objectively related to an event occurring contractual cash flows solely representing payments of principal and interest. Impairment losses are presented as separate after the impairment was recognised. Reversals of impairment losses cannot result in a carrying amount that exceeds what line item in the statement of comprehensive income. Any gain or loss arising on derecognition is recognised directly in net the carrying amount would have been had there not been an impairment loss. results and presented in other gains/(losses) together with foreign exchange gains and losses.

Classification and measurement under AASB 139 (for comparative period ended 30 June 2018)

8. CURRENT ASSETS - INVENTORIES Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturity that 2019 2018 the Trust has the positive intention and ability to hold to maturity. These financial assets are measured at amortised cost using the effective interest method, less any impairment. Changes are recognised in the net result for the year when $’000 $’000 impaired, derecognised or though the amortisation process. Shop stock held for resale 22 15 Total 22 15 Impairment Under AASB 9 (from 1 July 2018) Recognition and Measurement The Trust recognises an allowance for expected credit losses (ECLs) for all debt financial assets not held at fair value through Inventories held for distribution are stated at cost, adjusted when applicable, for any loss of service potential. A loss of profit or loss. ECLs are based on the difference between the contractual cash flows and the cash flows that the Trust service potential is identified and measured based on the existence of a current replacement cost that is lower than the expects to receive, discounted at the original effective interest rate. carrying amount. Inventories (other than those held for distribution) are stated at the lower of cost and net realisable value. ECLs are recognised in two stages. For credit exposures where there has not been a significant increase in credit risk since The cost of inventories acquired at no cost or for nominal consideration is the current replacement cost as at the date of initial recognition, ECLs are based on default events possible within the next 12-months (i.e. a 12-month ECL). If there has acquisition. Current replacement cost is the cost the Trust would incur to acquire the asset. Net realisable value is the been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs the remaining life of the exposure, irrespective of the timing of the default (i.e. a lifetime ECL). In addition, the Trust considers necessary to make the sale. that there has been a significant increase in credit risk when contractual payments are more than 30 days past due.

9. CURRENT ASSETS - FINANCIAL ASSETS The Financial asset comprises fixed term deposits the Trust has with National Australia Bank (NAB) which have been rated ‘A-1+’ by Standard and Poor’s. Such financial institution is regarded as having a strong credit rating and therefore 2019 2018 considered to have negligible credit risk. The Trust does not expect any credit losses on these term deposits and thus makes Note $’000 $’000 no allowance for a such loss. Term deposits 23 2,610 2,546 The Trust uses the ratings from external credit rating agencies both to determine whether there has been a significant Total 2,610 2,546 increase in credit risk on the deposits and to estimate ECLs. These estimates are performed at every reporting date.

Under AASB 139 (for comparative period ended 30 June 2018) The Trust placed funds on fixed term deposits with National Australia Bank (NAB) which have been rated ‘A-1+’ by Standard All financial assets, except those measured at fair value through profit and loss, are subject to an annual review for and Poor’s. Such financial institution is regarded as having a strong credit rating and therefore considered to have negligible impairment. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more credit risk. The Trust does not expect any credit losses on these term deposits and thus makes no allowance for such a events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. loss.

The Trust first assesses whether impairment exists individually for financial assets that are individually significant, or Recognition and Measurement collectively for financial assets that are not individually significant. Assets are assessed for impairment on a collective basis if they were assessed not to be impaired individually. All ‘regular way’ purchases or sales of financial assets are recognised and derecognised on a trade date basis. Regular way

purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established The amount of the allowance is the difference between the asset’s carrying amount and the present value of estimated future by regulation or convention in the marketplace. cash flows, discounted at the effective interest rate. The amount of the impairment loss is recognised in ‘other gains/

(losses)’. For financial assets carried at amortised cost, the amount of the allowance is the difference between the asset’s carrying

amount and the present value of estimated future cash flows, discounted at the effective interest rate. The amount of the Any reversals of impairment losses are reversed through the net result for the year, where the decrease in impairment losses impairment loss is recognised in the net result for the year. can be related objectively to an event occurring after the impairment was recognised. Reversals of impairment losses cannot result in a carrying amount that exceeds what the carrying amount would have been had there not been an impairment loss.

66 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 67 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

11. NON-CURRENT ASSETS - PROPERTY, PLANT AND EQUIPMENT (continued) 10. NON CURRENT ASSETS - RECEIVABLES 2019 2018 Note $’000 $’000 Land and Plant and Infrastructure Collection Straight lining of operating lease - Domain car park 23 7,894 7,203 building equipment systems assets Total Total 7,894 7,203 Note $'000 $'000 $'000 $'000 $'000 $'000 Year ended 30 June 2018

Non current receivables represent the straight lining of Domain car park lease income in accordance with the requirements of Net carrying amount 364,149 2,418 79,019 51,414 13,192 510,192 AASB 117 Leases (refer to Note 3(b)). The total balance above includes output tax credits of $717,617 (2018: $654,822) that at start of year are expected to be paid to the ATO. Restatement of - - - 275,540 - 275,540 Collection Assets 11. NON-CURRENT ASSETS - PROPERTY, PLANT AND EQUIPMENT Restatement of net carrying amount Land and Plant and Infrastructure Collection Work in at start of year 364,149 2,418 79,019 326,954 13,192 785,732 building equipment systems assets Progress Total Additions - - - 1,631 5,285 6,916 $'000 $'000 $'000 $'000 $'000 $'000 Disposals 4 (118) (18) - - - (136) As at 1 July 2018 - fair value Assets recognised Gross carrying amount 414,922 9,620 110,303 337,572 17,182 889,599 first time 3(e), 22 - - - 1 - 1 Accumulated depreciation Net revaluation increment 18,358 - 306 9,014 - 27,678 and impairment (35,580) (6,952) (32,358) - - (74,890) Reclassifications - - 28 (28) - - Net carrying amount 379,342 2,668 77,945 337,572 17,182 814,709 Transfer - 842 453 - (1,295) - Depreciation expense 2(c), 22 (3,047) (574) (1,861) - - (5,482) As at 30 June 2019 - fair value Net carrying amount Gross carrying amount 431,042 9,705 116,671 373,548 13,367 944,333 at end of year 379,342 2,668 77,945 337,572 17,182 814,709 Accumulated depreciation and impairment (38,958) (7,213) (35,159) - - (81,330) Recognition and Measurement Net carrying amount 392,084 2,492 81,512 373,548 13,367 863,003 Reconciliations (i) Acquisition of property, plant and equipment A reconciliation of the carrying amount of each class of property, plant and equipment at the beginning and end of Property, plant and equipment are initially measured at cost and subsequently revalued at fair value less accumulated the current and prior reporting period is set out below. depreciation and impairment. Cost is the amount of cash or cash equivalents paid, or the fair value of the other consideration given to acquire the asset at the time of its acquisition or construction or, where applicable, the amount Land and Plant and Infrastructure Collection Work in attributed to that asset when initially recognised in accordance with the specific requirements of other Australian Accounting building equipment systems assets Progress Total Standards. Note $'000 $'000 $'000 $'000 $'000 $’000 Fair value is the price that would be received to sell an asset in an orderly transaction between market participants at As at 30 June 2019 measurement date. Net carrying amount at start of year 379,342 2,668 77,945 337,572 17,182 814,709 Where payment of an asset is deferred beyond normal credit terms, its cost is the cash price equivalent; i.e. deferred Restatement of - - - 25,885 - 25,885 payment amount is effectively discounted over the period of credit. Collection Assets Assets acquired at no cost, or for nominal consideration, are initially recognised at their fair value at the date of acquisition. Restatement of net 379,342 2,668 77,945 363,457 17,182 840,594 carrying amount (ii) Capitalisation thresholds at start of year Property, plant and equipment and intangible assets costing $5,000 and above individually (or forming part of a network costing more than $5,000) are capitalised. Additions - 2 - 2,785 3,854 6,641 Disposals 4 - (47) - - - (47) (iii) Major inspection costs Net revaluation increment 11,961 - 1,897 7,306 - 21,164 When a major inspection is performed, its cost is recognised in the carrying amount of the plant and equipment as a replacement if the recognition criteria are satisfied. Transfer 3,511 436 3,610 - (7,699) (112) Depreciation expense 2(c), 22 (2,730) (567) (1,940) - - (5,237) (iv) Restoration costs Net carrying amount The present value of the expected cost for the restoration or cost of dismantling of an asset after its use is included in the at end of year 392,084 2,492 81,512 373,548 13,367 863,003 cost of the respective asset if the recognition criteria for a provision are met.

68 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 69 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

11. NON-CURRENT ASSETS - PROPERTY, PLANT AND EQUIPMENT (continued) 11. NON-CURRENT ASSETS - PROPERTY, PLANT AND EQUIPMENT (continued)

(v) Maintenance Day-to-day servicing costs or maintenance are charged as expenses as incurred. However, where they relate to the Non-specialised assets with short useful lives are measured at depreciated historical cost as an approximation of fair value. replacement of a component of an asset, which restores the service potential and extends the life of the asset beyond that The Trust has assessed that any difference between fair value and depreciated historical cost is unlikely to be material. which it had originally, the costs are capitalised and depreciated. For other assets valued using other valuation techniques, any balances of accumulated depreciation at the revaluation date in (vi) Depreciation of property, plant and equipment respect of those assets are credited to the asset accounts to which they relate. The net asset accounts are then increased or Except for certain heritage assets, depreciation is provided for on a straight line basis for all depreciable assets so as to write decreased by the revaluation increments or decrements. off the depreciable amount of each asset as it is consumed over its useful life to the Trust. Land is not a depreciable asset. Certain heritage assets including original artworks and collections may not have a limited useful life because appropriate Revaluation increments are recognised in other comprehensive income and credited to revaluation surplus in equity. curatorial and preservation policies are adopted. Such assets are not subject to depreciation. The decision not to recognise However, to the extent that an increment reverses a previously recognised decrement for the same class of assets, ie. a loss depreciation for these assets is reviewed annually. in the net result, the increment is recognised immediately as a gain in the net result.

All material separately identifiable components of assets are depreciated over their useful lives. Revaluation decrements are recognised immediately as a loss in the net result, except to the extent that it offsets an existing revaluation surplus of the same class of assets, in which case, the decrement is debited directly to the revaluation surplus. Depreciable assets are depreciated from the date of acquisition. As a not-for-profit entity, revaluation increments and decrements are offset against one another within a class of non-current Useful life years Useful life years asset, but not otherwise.

2019 2018 When revaluing non-current assets using the cost approach, the gross amount and the related accumulated depreciation are separately restated. Where the income approach or market approach is used, accumulated depreciation is eliminated against Buildings 4-100 years 4-100 years the gross carrying amount of the asset and the net amount restated to the revalued amount of the asset. Buildings Heritage N/A N/A Where an asset that has previously been revalued is being disposed of, any balance remaining in the revaluation surplus in Infrastructure 5-100 years 5-100 years respect of that asset is transferred to accumulated funds. Infrastructure Heritage N/A N/A Plant and equipment 3 to 30 years 3 to 30 years The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end.

(viii) Impairment of Property, Plant and Equipment (vii) Revaluation of Property, Plant and Equipment As a not-for-profit entity, impairment under AASB 136 Impairment of Assets is unlikely to arise. As property, plant and Physical non-current assets are valued in accordance with the ‘Valuation of Physical Non-Current Assets at Fair Value’ Policy equipment is carried at fair value, impairment can only arise in the rare circumstances where the costs of disposal are and Guidelines Paper (TPP 14-01). This policy adopts fair value in accordance with AASB 13 Fair Value Measurement and material. Specifically, impairment is unlikely for not-for-profit entities given that AASB 136 modifies the recoverable amount AASB 116 Property, Plant and Equipment. test for non-cash generating assets of not-for-profit entities to the higher of fair value less costs of disposal and depreciated replacement cost, where depreciated replacement cost is also fair value. Property, plant and equipment is measured at the highest and best use by market participants that is physically possible, legally permissible and financially feasible. The highest and best use must be available at a period that is not remote and take The Trust assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication into account the characteristics of the asset being measured, including any socio-political restrictions imposed by exists, or when annual impairment testing for an asset is required, the Trust estimates the asset recoverable amount. When government. In most cases, after taking into account these considerations, the highest and best use is the existing use. In the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down to its limited circumstances, the highest and best use may be a feasible alternative use, where there are no restrictions on use or recoverable amount. where there is a feasible higher restricted alternative use. As a not for-profit entity, an impairment loss is recognised in the net result to the extent the impairment loss exceeds the Fair value of property, plant and equipment is based on a market participant’s perspective, using valuation techniques amount in the revaluation surplus for the class of asset. (market approach, cost approach, income approach) that maximise relevant observable inputs and minimise unobservable inputs. Also refer Note 13 for further information regarding fair value. - Land Land comprising Royal Botanic Garden Sydney & Domain, the Australian Botanic Garden Mt Annan and Blue Mountains Revaluation is made with sufficient regularity to ensure the carrying amount of each asset in the class does not differ Botanic Garden Mt Tomah totalling 731.9 Hectares was independently valued by E Ferdinands AAPI (Val). The valuation was materially from its fair value at reporting date. The Trust conducts a comprehensive revaluation at least every three years for formulated on the basis of market buying price or the best available market evidence where market prices cannot be its land and buildings (except infrastructure and land under infrastructure) where the market or income approach is the most observed. The valuation is dated 31 March 2018 and has been updated for market value as at 31 March 2019 **. appropriate valuation technique and at least every five years for other classes of property, plant and equipment. The Trust’s land holdings, building and infrastructure system assets were revalued using an indexation based on movement in relevant - Buildings and Infrastructure system - Other prices in the past 12 months. Valuation of building and infrastructure systems (including Farm Cove Sea Wall, roads, landscaping and fences) was independently undertaken by Thomas Needham AAPI Certified Practicing Valuer and Gregory C. Rowe B.Bus. FAPI Certified Interim revaluations are conducted between comprehensive revaluations where cumulative changes to indicators suggest fair Practicing Valuer on 31 March 2017 and has been updated for market value as at 31 March 2019. The basis of valuation value may differ materially from carrying value. The Trust uses an external professionally qualified valuer to conduct interim was depreciated replacement cost other than heritage assets which are valued at replacement cost. ** revaluations.

70 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 71 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

11. NON-CURRENT ASSETS - PROPERTY, PLANT AND EQUIPMENT (continued)

- Domain Car Park 12. INTANGIBLE ASSETS Valuation of the Domain Multi Storey Car Park was independently undertaken by Thomas Needham AAPI Certified Practicing Valuer and Gregory C. Rowe B.Bus. FAPI Certified Practicing Valuer under a methodology using an income approach with 2019 2018 secondary support for the value provided by a market approach. The valuation is dated 31 March 2019.** $’000 $’000 Gross carrying amount 2,367 1,293 - Collection Assets Accumulated amortisation (43) (1) The Herbarium consists of 1.421 million specimens. There are 0.749 million specimens databased with the remaining 0.672 Net carrying amount 2,324 1,292 million yet to be databased, which makes it a complex and difficult asset to value. An independent valuation of the Herbarium was carried out as at 30 June 2018 by James Munroe BComm, AAPI, MPINA Certified Practising Valuer using a recollection cost approach. The valuer was provided with a stratification of the Herbarium by broad geographic areas sourced from the Reconciliation data base with the stratification of the remaining specimens derived from a sampling and statistical methodology developed As at 30 June 2019 by an external consultant. Recollection costs were then applied based on the cost to recollect in the field plus processing Net carrying amount at start of year 1,292 511 costs on the assumption that the Herbarium would be fully recollected. A premium was added to type specimens to reflect Additions 965 782 the additional time of scientific staff to elevate a specimen to a type. This methodology explicitly recognises that the value obtained does not reflect its historic or cultural significance, the value of the specimens for evolutionary history nor genetic Reclassification from Property, Plant and Equipment 110 - value embodied in the Herbarium which, as an example, includes specimens collected during Captain Cook’s voyage to Amortisation expense (43) (1) Australia in 1770. The digitisation of the Herbarium will confirm specimen population and enhance stratification of the data Net carrying amount at end of year 2,324 1,292 base leading to adjustments of some valuation inputs in future years. The valuation is dated 31 March 2018 and has been updated by applying indexation to 31 March 2019. Recognition and Measurement The Seed Collections consists of 11,362 accessions (each accession is a packet of seeds) and which comprise more than a The Trust recognises intangible assets only if it is probable that future economic benefits will flow to the Trust and the cost of 100 million seeds. An independent valuation of the seed collection was carried out as at 30 June 2019 by, Cameron the asset can be measured reliably. Intangible assets are measured initially at cost. Where an asset is acquired at no or Dunsford BBus FAPI (P&M) MRICS SPINZ Chartered Valuer using a recollection cost approach. The valuer was provided nominal cost, the cost is its fair value as at the date of acquisition. with a stratification of the Seed Collection by broad geographic areas sourced from the data base. Recollection costs were then applied based on the cost to recollect in the field plus processing costs on the assumption that the Seed Collection All research costs are expensed. Development costs are only capitalised when certain criteria are met. would be fully recollected.

The useful lives of intangible assets are assessed to be finite. The amortisation period and the amortisation method for an The valuer took into account the viability of the seeds in the collection i.e. the possibility that over time a seed may decline in intangible asset with a finite useful life are reviewed at least at the end of each reporting period. viability to the point where it was not capable of germination. The valuer made no adjustment for this factor on the basis that:

• A significant part of the collection consists of species that are known to have a long storage lifespan. Intangible assets are subsequently measured at fair value only if there is an active market. As there is no active market for • Whilst the pre 2000 collection was processed/dried under less stringent conditions and stored at 5°C, testing indicates the Trust’s intangible assets, the assets are carried at cost less any accumulated amortisation and impairment losses. high viability rates.

• If seeds are found not to be viable they are usually retained in the collection on the basis that future advances such as DNA The Trust’s intangible assets are amortised using the straight line method over a period of four years (2018: 3 - 5 years). extraction could be available.

Intangible assets are tested for impairment where an indicator of impairment exists. If the recoverable amount is less than its ** There has been no material change in market values in the period between 31 March 2019 and 30 June 2019 carrying amount, the carrying amount is reduced to recoverable amount and the reduction is recognised as an impairment

loss. However, as a not-for-profit entity the Trust is unlikely to experience an impairment loss (refer note 11(a)(viii)). - Work in progress

Included in property, plant and equipment are the following amounts of work in progress which will not commence to be Useful Lives of the Trusts intangible assets have been determined as follows: depreciated until construction is completed or the items are installed ready for use:

2019 2018 Average Useful Life Years Note $’000 $’000 2019 2018 Buildings 4,544 5,102 Computer Software 4 years 4 - 5 years Plant and equipment 1,454 1,056 Other Intangible 4 years 3 - 5 years Infrastructure systems – roads, fences, gates and underground services 7,364 11,024 Collections 6 - Total 13,367 17,182

72 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 73 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

13. FAIR VALUE MEASUREMENT OF NON-FINANCIAL ASSETS (continued)

13. FAIR VALUE MEASUREMENT OF NON-FINANCIAL ASSETS

(b) Valuation techniques, inputs and processes Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction Asset class Valuation Technique Comments to sell the asset or transfer the liability takes place either in the principal market for the asset or liability or in the absence of a principal market, in the most advantageous market for the asset or liability. Land Market Based on market evidence for Open Space land Building A number of the Trust’s accounting policies and disclosures require the measurement of fair values, for both financial and - Domain Car Park Income Derived from the direct comparison method and non-financial assets and liabilities. When measuring fair value, the valuation technique used maximises the use of relevant observable inputs and minimises the use of unobservable inputs. Under AASB 13, the Trust categorises, for disclosure capitalisation of rental income. purposes, the valuation techniques based on the inputs used in the valuation techniques as follows: - Level 3 Cost These assets include heritage buildings, scientific buildings and other assets of a specialised nature (i) Level 1 - quoted prices in active markets for identical assets / liabilities that the Trust can access at the measurement which do not trade in the market place. They are date. valued under the cost approach based on actual cost (ii) Level 2 - inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly. information on more recent assets and by utilising (iii) Level 3 - inputs that are not based on observable market data (unobservable inputs). available costing guides to determine value based on the size and condition of the relevant asset. It is difficult The Trust recognises transfers between levels of the fair value hierarchy at the end of the reporting period during which the to comment definitively on quantitative information change has occurred. Refer Note 23 for further disclosures regarding fair value measurements of financial and non-financial given the diversity of the asset base. assets. Infrastructure Cost Based on depreciated replacement costs based on (a) Fair value hierarchy their condition and structure. Collections PROPERTY, PLANT AND EQUIPMENT (Note 11) A number of statues and monuments, artwork, heritage - Level 2 Market furniture, rare books and journals valued by comparing to 2019 Level 1 Level 2 Level 3 Total known sales of similar assets. fair value $’000 $’000 $’000 $’000 - Level 3 Cost A number of statues and monuments were based on Land and Building - 309,603 82,481 392,084 depreciated replacement costs and their condition and Infrastructure Systems - - 81,512 81,512 structure. Collection Assets - 22,395 351,153 373,548 The Herbarium was independently valued based on Total - 331,998 515,146 847,144 recollection cost and the inputs, if varied, with the greatest There were no transfers between Level 1 or 2 during the period. sensitivity on the valuation are:

2018 Level 1 Level 2 Level 3 Total *Stratification from a high collection cost to a low collection cost broad geographic area (+50.0% change may result in a fair value 2.9% decrement) $’000 $’000 $’000 $’000 Land and Building - 300,182 79,160 379,342 *Number of specimens collected per day (+25.0% change Infrastructure Systems - - 77,945 77,945 may result in a 13.0% decrement) Collection Assets - 22,355 315,217 337,572 *Specimen population size (+/- 10.0% change may result in a Total - 322,537 472,322 794,859 +/- 8.0% movement)

There were no transfers between Level 1 or 2 during the periods. The Seed Collection was independently valued based on recollection cost and the inputs, if varied, with the greatest (a) Fair value hierarchy sensitivity on the valuation are:

Level 2 Measurements *Number of accessions collected per day (+25.0% change Land may result in a 15.0% decrement) *Number of accessions collected per day (-25.0% change Land has been valued using the market approach. The rates per square metre of land sold for open space purposes have may result in a 24.9% increment) been directly compared to the subject property having regard to matters such as heritage restrictions, zoning, location, topography, aspect, frontage, size, shape, date of contract execution and current market condition.

74 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 75 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

13. FAIR VALUE MEASUREMENT OF NON-FINANCIAL ASSETS (continued) 14. RESTRICTED ASSETS 2019 2018 $’000 $’000 (c) Reconciliation of recurring level 3 fair value measurements Bequest

Cosh bequest 536 529 As at 30 June 2019 Building Infrastructure Collection Total recurring Swane bequest 33 33 Systems Assets Level 3 Fair Value Webster bequest 223 140 $’000 $’000 $’000 $’000 Slade bequest 142 220 Fair value as at 1 July 2018 79,160 77,945 315,217 472,322 Backhouse bequest 1,424 1,388 Restatement of Collection Assets - - 25,885 25,885 Gainey bequest 670 674 Restated fair value as at 1 July 2018 79,160 77,945 341,102 498,207 Total 3,028 2,984 Additions - - 2,744 2,744 Disposals - - - - Grants & donations Assets recognised first time - - - - FACS Grant 2,889 3,304 Revaluation increments recognised in other Capital grants & donations 775 - comprehensive income - included in line item Net 1,977 1,897 7,307 11,181 increase in property, plant and equipment Other grants & donations 2,219 1,803 revaluation surplus Total 5,883 5,107 Reclassifications - - - - Transfer from Work in Progress 3,511 3,610 - 7,121 Total Restricted Assets 8,911 8,091 Transfer from level 2 - - - - Transfer to level 2 - - - - These contributions are held in cash, TCorp cash facilities and term deposits and are applied in accordance with the conditions stipulated on each of the contributions. The Cosh bequest is for the purpose of the National Herbarium of NSW. The Swane bequest Depreciation expense (2,167) (1,940) - (4,107) is for the purpose of botany, horticulture, research, education, expeditions, statues, fountains and buildings at Mount Annan Botanic Fair value as at 30 June 2019 82,481 81,512 351,153 515,146 Garden. The Webster bequest is to be used for the National Herbarium of NSW. The Slade Bequest established to promote the harmony of mankind with the earth through the study and application of natural sciences. The Backhouse bequest is to be used to fund scholarships for Mount Tomah Botanic Gardens staff. The Gainey bequest is to be applied to further Plant Sciences.

Research grants are applied to areas of scientific endeavour sponsored by the grantors while other grants and donations are applied As at 30 June 2018 Building Infrastructure Collection Total recurring to various activities of the Gardens as stipulated by the contributors. Systems Assets Level 3 Fair Value $’000 $’000 $’000 $’000 Department of Families and Community Services (FACS) provided $3,303,924 in 2018 for the Community Greening Program to develop community gardens in public housing estates and on unused public land over a five year period. Fair value as at 1 July 2017 79,102 79,019 26,255 184,376 Restatement of Collection Assets - - 275,540 275,540 15. CURRENT LIABILITIES - PAYABLES 2019 2018 Restated fair value as at 1 July 2017 79,102 79,019 301,795 459,916 $’000 $’000 Additions - - 1,631 1,631 Creditors Disposals (119) - - (119) 5,706 5,069 GST payable to the Australian Taxation Office - 332 Revaluation increments recognised in other Personnel services comprehensive income - included in line item Net 2,857 2,771 2,314 306 8,409 11,029 increase in property, plant and equipment Unearned revenue 847 894 revaluation surplus Total 9,410 9,066 Reclassifications - - - - Transfer from Work in Progress - 453 - 453 Details regarding credit risk, liquidity risk and market risk, including a maturity analysis of the above payables are disclosed in Transfer from level 2 - - 3,382 3,382 Note 23 Financial Instruments.

Transfer to level 2 - 28 - 28 Recognition and Measurement Depreciation expense (2,137) (1,861) - (3,998) Payables represent liabilities for goods and services provided to the Trust and other amounts. Short-term payables with no Fair value as at 30 June 2018 79,160 77,945 315,217 472,322 stated interest rate are measured at the original invoice amount where the effect of discounting is immaterial.

Payables are financial liabilities at amortised cost, initially measured at fair value, net of directly attributable transaction costs. These are subsequently measured at amortised cost using the effective interest method. Gains and losses are recognised in the net result when the liabilities are derecognised as well as through the amortisation process.

76 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 77 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

15. CURRENT LIABILITIES - PAYABLES (continued)

Personnel services 17. EQUITY

(i) Salaries and Wages, Annual Leave and Sick Leave Recognition and Measurement

Salaries and wages (including non-monetary benefits) and paid sick leave that are expected to be settled wholly within 12 (i) Asset Revaluation Reserve months after the end of the period in which the employees render the service are recognised and measured at undiscounted The revaluation surplus is used to record increments and decrements on the revaluation of non-current assets. This accords amounts of the benefits. These amounts were payable to Office of Environment and Heritage (refer to Note 1(a)). with the Trust’s policy on the revaluation of property, plant and equipment as discussed in note 11(a) (vii).

Annual leave is not expected to be settled wholly before twelve months after the end of the annual reporting period in which Separate reserve accounts are recognised in the financial statements only if such accounts are required by specific the employees render the related service. As such, it is required to be measured at present value in accordance with AASB legislation or Australia Accounting Standards (e.g. asset revaluation reserve) 119 Employee Benefits. Actuarial advice obtained by Treasury has confirmed that the nominal (undiscounted) annual leave balance plus the annual leave entitlements accrued while taking annual leave (calculated using 7.9% of the nominal value of (ii) Accumulated funds annual leave) can be used to approximate the present value of the annual leave liability. The Trust has assessed the actuarial The category ‘Accumulated funds’ includes all current and prior period retained funds. advice based on the Trust’s circumstances and has determined that the effect of discounting is immaterial to annual leave. All annual leave is classified as a current liability even where the Trust does not expect to settle the liability within 12 months as the Trust does not have an unconditional right to defer settlement. 18. COMMITMENTS

Unused non-vesting sick leave does not give rise to a liability as it is not considered probable that sick leave taken in the 2019 2018 future will be greater than the benefits accrued in the future. $’000 $’000 (a) Capital commitments (ii) Long Service Leave and Superannuation Aggregate capital expenditure for the acquisition of goods contracted for

at balance date and not provided for: The Trust’s liabilities for long service leave and defined benefit superannuation are assumed by the Crown Entity. The Trust accounts for the liability as having been extinguished, resulting in the amount assumed being shown as part of the non- - Within one year 3,294 401 monetary revenue item described as personnel services assumed by Crown Entity. Total (including GST) 3,294 401

Long service leave is measured at present value of expected future payments to be made in respect of services provided up The total commitments above includes input tax credits of $299,484 (2018: $36,457) expected to be recoverable from the ATO. to the reporting date. Consideration is given to certain factors based on actuarial review, including expected future wage and salary levels, experience of employee departures, and periods of service. Expected future payments are discounted using 2019 2018 Commonwealth government bond rate at the reporting date. $’000 $’000

The superannuation expense for the financial year is determined by using the formulae specified in the Treasurer’s Directions. (b) Operating lease commitments The expense for certain superannuation schemes (i.e. Basic Benefit and First State Super) is calculated as a percentage of The Trust as lessee the employees’ salary. For other superannuation schemes (i.e. State Superannuation Scheme and State Authorities Future minimum rentals payable under non-cancellable operating lease as Superannuation Scheme), the expense is calculated as a multiple of the employees’ superannuation contributions. at 30 June 2019 are:

- Within one year (iii) Consequential on-costs 112 128 - Later than one year, and not later than five years 183 236 Consequential costs to employment are recognised as liabilities and expenses where the employee benefits to which they - Later than five years 80 - relate have been recognised. This includes outstanding amounts of payroll tax, workers’ compensation insurance premiums Total (including GST) 375 364 and fringe benefits tax.

The total commitments above includes input tax credits of $34,124 (2018: $33,091) that are expected to be 16. NON CURRENT LIABILITIES - PAYABLES recoverable from the ATO.

2019 2018 The Trust has entered into a number of agreements whereby land and buildings owned by the Trust are leased to third parties for the purpose of operating various commercial enterprises. The term of these agreements run from one to $’000 $’000 twenty-one years. Personnel services 64 54 GST payable to the Australian Taxation Office 718 655 2019 2018 Total 782 709 $’000 $’000 Future minimum lease payments receivable - Within one year 6,097 5,426 - Later than one year and not later than five years 25,482 22,082 - Later than five years 59,658 65,449 Total (including GST) 91,237 92,957

78 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 79 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

19. REMUNERATION OF AUDITORS 22. RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO NET RESULT

2019 2018 Note 2019 2018 $’000 $’000 $’000 $’000 Audit Office of NSW - audit of financial statements* 91 69 Net cash used on operating activities 3,220 10,353 Net Result 91 69 Depreciation and amortisation expense 2(c) (5,280) (5,483) Net gain/ (loss) on disposal of property, plant and equipment 4(a) 65 (122) * No other amounts were paid to the Audit Office of NSW (Increase)/decrease on allowance for impairment 4(b) (66) 43 Increase in receivables 262 863 20. CONTINGENT ASSETS AND LIABILITIES (Decrease)/increase in prepayment 28 (52) The Trust has no contingent assets or liabilities (2018: $NIL). (Increase)/decrease in payables 125 (1,711) (Increase)/decrease in personnel services provisions (97) 105 21. BUDGET REVIEW (Increase)/decrease in unearned revenue 45 (357) Assets recognised first time 3(e), 10 - 1 The budgeted amounts are drawn from the original budgeted financial statements presented to Parliament in respect of the reporting period. Subsequent amendments to the original budget (e.g. adjustment for transfer of functions between entities Increase in asset free of cost and liability - The Herbarium and Seed 3(d), 10 2,784 1,631 as a result of Administrative Arrangements Orders) are not reflected in the budgeted amounts. Major variances between the collection original budgeted amounts and the actual amounts disclosed in the primary financial statements are explained below. Net Result 1,086 5,271

Net result 23. FINANCIAL INSTRUMENTS Net result for the period ended 30 June 2019 of $1.09 million surplus was $4.10 million lower than full year budget of $5.19 million surplus. The Trust’s principal financial instruments are outlined below. These financial instruments arise directly from the Trust’s operations or are required to finance the Trust’s operations. The Trust does not enter into or trade financial instruments, Total expenses of $56.49 million was $1.11 million lower than the full year budget of $57.59 million. This is primarily due to including derivative financial instruments, for speculative purposes. lower depreciation costs of $1.44 million due to delay of major capital projects. This is partially offset by the net cost of employee and operating cost of $0.34million. The Trust’s main risks arising from financial instruments are outlined below, together with the its objectives, policies and processes for measuring and managing risk. Further quantitative and qualitative disclosures are included throughout these Total revenue of $57.57 million was $5.21 million lower than the full year budget of $62.78 million is primarily attributable to financial statements. the deferral of grants of $6.6 million for the Australian Institute of Botanic Science Project partly offset by other grants revenue. The Trust has overall responsibility for the establishment and oversight of risk management and reviews and agrees policies for managing each of these risks. Risk management policies are established to identify and analyse the risks faced by the Assets and liabilities Trust, to set risk limits and controls and to monitor risks. Compliance with policies is reviewed by the Audit and Risk Total assets of $886.08 million were $324.76 million higher than budget of $561.32 million is primarily attributable the Committee on a continuous basis. recognition of the Herbarium and Seed Collection as assets which were unbudgeted. Financial instrument categories Total liabilities were $10.19 million and were $1.92 million higher than budget of $8.27 million reflecting high year end payables such as shared services cost at financial year end. (a) i. As at 30 June 2019 under AASB 9 Financial Assets Note Category Carrying Cash flows Amount Net cash for the period is $8.03 million which was higher than budget by $4.94 million primarily attributable to an increase in $’000 restricted cash from grants received in advance and higher payables. Class Cash and cash equivalent 6 N/A 8,030 Receivables1 7 Amortised cost 1,789 Financial assets - term deposits 9 Amortised cost 2,610 Non-current receivables 10 Amortised cost 7,894

Financial Liabilities Payables2 15, 16 Financial liabilities 5,791 measured at amortised cost

80 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 81 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

23. FINANCIAL INSTRUMENTS (continued) 23. FINANCIAL INSTRUMENTS (continued)

ii. As at 30 June 2018 Under AASB139 (comparative period) Cash on hand and cash equivalents Financial Assets Note Category Carrying Cash comprises cash on hand and bank balances within the NSW Treasury Banking System. Interest is earned on restricted daily Amount bank balances at the Reserve Bank cash rate. Interest is not paid on unrestricted cash balances with the NSW Treasury Banking $’000 System. The TCorp cash facility is discussed in market risk below. Class Receivable - Trade Debtors Cash and cash equivalent 6 N/A 9,397 All trade debtors are recognised as amounts receivable at balance date. Collectability of trade debtors is reviewed on an ongoing Receivables1 7 Amortised cost 2,311 basis. Procedures as established in the Treasurer’s Directions are followed to recover outstanding amounts, including letters of Financial assets - term deposits 9 Amortised cost 2,546 demand.

Non-current receivables 10 Amortised cost 7,203 The Trust applies the AASB 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade debtors. To measure the expected credit losses, trade receivables have been grouped based on shared Financial Liabilities credit risk characteristics and the days past due. Payables2 15, 16 Financial liabilities 5,150 measured at amortised The expected loss rates are based on historical observed loss rates. The historical loss rates are adjusted to reflect current and cost forward-looking information on macroeconomic factors affecting the ability of the customers to settle the receivables. The Trust has identified to be the most relevant factors, and accordingly adjusts the historical loss rates based on expected changes in Notes these factors. 1. Excludes statutory receivables and prepayments (i.e. not within scope of AASB 7). 2. Excludes statutory payables and unearned revenue (i.e. not within scope of AASB 7). Trade debtors are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others a failure to make contractual payments for a period of greater than 90 days past The Trust determines the classification of its financial assets and liabilities after initial recognition and, when allowed and appropriate. due. This is re-evaluated at each financial year end. The loss allowance for trade debtors as at 30 June 2019 and 1 July 2018 (on adoption of AASB 9) was determined as follows: (b) De-recognition of Financial Assets and Financial Liabilities

A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognised when the 30 June 2019 contractual rights to the cash flows from the financial assets expire; or if the Trust transfers the financial asset where: $000 Current <30 days 30-60 days 61 to 90 days >91 days Total * substantially all the risks and rewards have been transferred or Expected credit 0.23% 4.19% 4.66% 45.44% 11.84% * the Trust has not transferred substantially all the risks and rewards, if the Trust has not retained control. loss rate

When the Trust has transferred its rights to receive cash flows from an asset or has entered into a passthrough arrangement, it Estimated total 1,414 170 48 93 157 1,882 evaluates if, and to what extent, it has retained the risks and rewards of ownership. Where the Trust has neither transferred nor retained gross carrying substantially all the risks and rewards or transferred control, the asset continues to be recognised to the extent of the Trust’s continuing amount at default involvement in the asset. In that case, the Trust also recognises an associated liability. The transferred asset and the associated liability Expected credit 3 7 2 42 19 73 are measured on a basis that reflects the rights and obligations that the Trust has retained. loss

Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Trust could be required to repay. 1 July 2018 A financial liability is derecognised when the obligation specified in the contract is discharged or cancelled or expires. When an existing $000 financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a Current <30 days 30-60 days 61 to 90 days >91 days Total new liability. The difference in the respective carrying amounts is recognised in the net result. Expected credit 0.35% 0.59% 4.66% 1.40% 61.96% loss rate (c) Financial Risks Estimated total 869 905 90 423 61 2,348 (i) Credit risks gross carrying amount at default Credit risk arises when there is the possibility of the Trust’s debtors defaulting on their contractual obligations, resulting in a financial Expected credit 3 5 4 6 38 56 loss to the Trust. The maximum exposure to credit risk is generally represented by the carrying amount of the financial assets (net of loss any allowance for impairment).

Credit risk arises from the financial assets of the Trust, including cash, receivables, authority deposits and bank term deposits. No Notes: The analysis excludes statutory receivables, prepayments, as these are not within the scope of AASB 6. Therefore, the collateral is held by the Trust. The Trust has not granted any financial guarantees. ‘total’ will not reconcile to the receivables total in Note 7.

Credit risk associated with the Trust’s financial assets, other than receivables, is managed through the selection of counterparties and establishment of minimum rating standards.

82 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 83 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

23. FINANCIAL INSTRUMENTS (continued) 23. FINANCIAL INSTRUMENTS (continued)

Other financial assets - Authority Deposits The Trust has placed funds on deposit with TCorp and National Australia Bank (NAB) which have been rated ‘AAA’ and “”A-1+”” The table below summarises the maturity profile of the Trust’s financial liabilities based on contractual undiscounted payments, respectively by Standard and Poor’s. These deposits are similar to money market or bank deposits and can be placed ‘at call’ or together with the interest rate exposure. a fixed term. For fixed term deposits, the TCorp or Term Deposits interest rate payable by both institutions are negotiated initially and is fixed for the term of the deposit, while interest payable on at call deposits can vary. These deposits are considered to be Interest Rate Exposure Maturity Dates low/negligible credit risk. Weighted Nominal Fixed Int. Variable Int. Non- < 1yr 1-5 yrs >5yrs The Trust does not expect any credit losses on this fixed term deposit and make no allowance for such loss in 2019. Average Amount Rate Rate Interest Effective bearing Accounting policy for impairment of trade debtors and other financial assets under AASB 139 (comparative period only) Int. Rate Collectability of trade debtors is reviewed on an ongoing basis. Procedures as established in the Treasurer’s Directions are followed 2019 to recover outstanding amounts, including letters of demand. Debtors which are known to be uncollectible are written off. An Payables: allowance for impairment is raised when there is objective evidence that the Trust will not be able to collect all amounts due. This evidence includes past experience, and current and expected changes in economic conditions and debtor credit ratings. No Accrual - 85 - - 85 85 - - interest is earned on trade debtors. Creditors - 5,706 - - 5,706 5,706 - -

Total 5,791 - - 5,791 5,791 - - For the comparative period 30 June 2018, the ageing analysis of trade debtors is as follows: 2018 $’000 Payables: Neither past due nor impaired 740 Accrual - 81 - - 81 81 - - Past due but not impaired Creditors - 5,069 - - 5,069 5,069 - - < 3 months overdue 1,499 Total - 5,150 - - 5,150 5,150 - - 3 months to 6 months overdue 38 > 6 months overdue 30 (iii) Market risk

2,307 Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market Impaired prices. The Trust’s exposures to market risk are primarily through interest rate risk on the Trust’s deposits with TCorp. The Trust has < 3 months overdue - no exposure to foreign currency risk and does not enter into commodity contracts.

3 months to 6 months overdue - The effect on profit and equity due to a reasonably possible change in risk variable is outlined in the information below, for interest > 6 months overdue 37 rate risk and other price risk. A reasonably possible change in risk variable has been determined after taking into account the economic environment in which the Trust operates and the time frame for the assessment (i.e. until the end of the next annual 37 reporting period). The sensitivity analysis is based on risk exposures in existence at the Statement of Financial Position reporting Total receivables - gross of allowance for impairment 2,344 date. The analysis was performed on the same basis for 2018. The analysis assumes that all other variables remain constant.

Notes: The ageing analysis excludes statutory receivables and prepayments, as these are not within the scope of AASB7. Interest rate risk Therefore, the ‘total’ will not reconcile to the receivable total in Note 7.

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in (ii) Liquidity risk market interest rates. Exposure to interest rate risk arises primarily through the Trust’s cash assets. This risk is minimised by placing majority of cash funds with Westpac Banking Corporation and National Australia Bank. Liquidity risk is the risk that the Trust will be unable to meet its payment obligations when they fall due. The Trust continuously manages risk through monitoring future cash flows and maturities planning to ensure adequate holding of high quality liquid assets. The objective The Trust does not account for any fixed rate financial instruments at fair value through profit or loss or as at fair value through other is to maintain a balance between continuity of funding and flexibility through the use of overdrafts, loans and other advances. comprehensive income or available-for-sale. Therefore, for these financial instruments, a change in interest rates would not affect profit or loss or equity. A reasonably possible change of +/- 1% is used, consistent with current trends in interest rates. The basis During the current and prior years, there were no defaults of loans payable. No assets have been pledged as collateral. The Trust’s will be reviewed annually and amended where there is a structural change in the level of interest rate volatility. exposure to liquidity risk is deemed insignificant based on prior periods’ data and current assessment of risk.

The liabilities are recognised for amounts due to be paid in the future for goods or services received, whether or not invoiced. Amounts owing to suppliers (which are unsecured) are settled in accordance with the policy set out in NSW TC 11/12. For small business suppliers, where terms are not specified, payment is made not later than 30 days from date of receipt of a correctly rendered invoice. For other suppliers, if trade terms are not specified, payment is made no later than the end of the month following the month in which an invoice or a statement is received. For small business suppliers, where payment is not made within the specified time period, simple interest must be paid automatically unless an existing contract specifies otherwise. For payments to other suppliers, the Head of an authority (or a person appointed by the Head of an authority) may automatically pay the supplier simple interest. No payment of this nature has been made during the reporting period.

84 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 85 Financial statements Financial statements

Royal Botanic Gardens and Domain Trust Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements Notes to and forming part of the Financial Statements for the year ended 30 June 2019 for the year ended 30 June 2019

23. FINANCIAL INSTRUMENTS (continued) 24. RELATED PARTIES (continued)

The following table demonstrates the sensitivity to a reasonably possible change in interest rates: 60% of the salaries paid to key management personnel above is allocated to the Trust and the balance has been allocated to Centennial Park and Moore Park Trust. The Trust amount is included in the Personnel Services expenses as disclosed in note 2(a). 2019 2018 $’000 $’000 Based on advice provided by KMP’s, and transactional reviews undertaken, the Trust did not enter into any transactions with key management personnel, their close family members and any entities controlled or jointly controlled thereof during the -1.0% +1.0% -1.0% +1.0% year. Net result (106) 106 (119) 119 Equity (106) 106 (119) 119 During the year, the Trust entered into transactions with other agencies that are controlled/jointly controlled/significantly influenced by the NSW Government. These transactions are primarily in the form of fees for services, grants paid and received, provision of personnel services and corporate services, and are disclosed in notes 1(a), 2(a) and 3(d).

Fair value compared to carrying amount The Trust provided Horticultural support to Centennial Park and Moore Park Trust. Expenses relating to the services are recovered and disclosed as below and also included in notes 3(e). Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction Department of Planning and Environment provides corporate and specialist support to Trust. Expenses and provisions to sell the asset or transfer the liability takes place either In the principal market for the asset or liability or in the absence of a relating to these transactions are also disclosed below and in notes 2(a) and 15. principal market, in the most advantageous market for the asset or liability.

Fair value recognised in the Statement of Financial Position 2019 2018 Expenses Note Nature $’000 $’000 Management assessed that cash and short-term deposits, trade receivables, trade payables and other current liabilities approximate their fair values, largely due to the short-term maturities of these instruments. Office of Environment and Heritage 2(a) Provide Personnel Services 27,960 24,658 When measuring fair value, the valuation technique used maximises the use of relevant observable inputs and minimises the Income use of unobservable inputs. Under AASB 13, the Trust categorises, for disclosure purposes, the valuation techniques based Centennial Park and Moore Park Trust 3(e) Provide horticultural contract 985 982 on the inputs used in the valuation techniques as follows: labour

* Level 1 - quoted prices in active markets for identical assets / liabilities that the Trust can access at the measurement date. Department of Planning and Environment 3(d) Capital Grant 2,111 4,708 Department of Planning and Environment 3(d) Recurrent Grant 22,576 21,660 * Level 2 - inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly. Crown Entity 3(d) LSL and Super assumed by 1,701 (284) Crown * Level 3 - inputs that are not based on observable market data (unobservable inputs). Art Gallery NSW 3(d) Grant - 1,900

Financial Instruments are generally recognised at cost. The amortised cost of other financial instruments recognised in the Outstanding statement of financial position approximates the fair value, because of the short term nature of many of the financial Receivable instruments. At balance date, the Trust does not hold any financial assets nor financial liabilities at fair value in the statement of financial position. There were no transfers between level 1 and 2 during the period ended 30 June 2019 (2018: $Nil). Centennial Park and Moore Park Trust Recharge of amounts paid on 588 206 behalf of the Trust 24. RELATED PARTIES Payable Office of Environment and Heritage 15 & 16 Personnel services Provision 2,921 2,825 Office of Environment and Heritage Recharge from OEH 13 16 2019 2018 Department of Planning and Environment Share Service fees 2,038 1,601 The key management personnel (KMP) compensation is as follows: $’000 $’000 Short-term employee benefits: Salaries 366 329 Trustee fees 66 44 Other monetary allowances - - Non-monetary benefits - - Other long-term employee benefits: - - Post-employment benefits - - Termination benefits - - Total remuneration 432 373

86 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 87 Financial statements

Royal Botanic Gardens and Domain Trust Notes to and forming part of the Financial Statements for the year ended 30 June 2019

25. EVENTS AFTER THE REPORTING PERIOD

As a result of the Government Sector Employment Act 2013, employees of the Trust are reported as employees of a Division of the Government Service. Up to 30 June 2019, the Office of Environment and Heritage provided the Personnel services as per Administrative Arrangement Order 2014 No. 11. From 1 July 2019, Department of Planning, Industry and Environment will provide these services. The Office of Environment and Heritage ceased to exist from 1 July 2019.

26. RESTATEMENT OF COLLECTION ASSETS

(a) As at 1 July 2017 The Trust recognised for the first time in 2017-18 the entire Herbarium, which is one of the Australia’s largest reference collections of botanical specimens used to study the classification, ecology and evolution of plants across the world, with a focus on NSW and Australia. Given the unique nature of the Herbarium, the Trust engaged valuation, accounting and statistical experts to assist in determining the appropriate valuation methodology to fair value the Herbarium. An independent external valuer was engaged to value the Herbarium as at 30 June 2018. The Trust then valued the additions to the collection during the current financial year using consistent valuation input assumptions as well as applying an annual valuation increment assumption in order to determine the restatement value of $275.5 million adopted at 1 July 2017. The nature of the valuation inputs meant it was impractical to retrospectively restate prior year balances.

(b) As at 1 July 2018 The Trust recognised for the first time in 2018-19 its Seed Collection. The seed collection is stored at the Australian PlantBank which is the major eastern Australian hub for native seed conservation and research. The main purpose of PlantBank is to store high quality comprehensive seed and other germplasm collections of the NSW and Australian flora, for long term storage, research, living collection display, ecological restoration, translocation and ex situ conservation. Major collections include, Eucalyptus, Acacia, Proteaceae, Fabaceae and Asteraceae.

Given the unique nature of the Seed Collection, an independent external valuer was engaged to value the Seed Collection as at 30 June 2019. The Trust then valued the additions to the collection during the current financial year using consistent valuation input assumptions as well as applying an annual valuation increment assumption in order to determine the restatement value of $25.9 million adopted at 1 July 2018. The nature of the valuation inputs meant it was impractical to retrospectively restate prior year balances.

(END OF THE AUDITED FINANCIAL STATEMENTS)

88 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 89 Governance

THE ACT AND REGULATIONS THE AUDIT & RISK COMMITTEE ADMINISTERED BY THE TRUST Management of the Royal Botanic Gardens and Domain Trust and the Centennial The Royal Botanic Gardens and Domain Park and Moore Park Trust were integrated in 2014. While the Trust and Act were Trust (the Trust) is a statutory body not affected by this integration, in line with NSW Treasury Guidelines, the Audit established by the Royal Botanic Gardens and Risk Committees were combined into an integrated committee. and Domain Trust Act 1980. All Trust regulations are enforceable under the The members of the Audit & Risk Committee comprise representatives from each Royal Botanic Gardens and Domain Trust of the trusts and independent members who are not Trustees. Regulation 2013. The legislation defines the objectives, powers and functions of MEETINGS OF TRUSTEES AND COMMITTEES the Trust and its Board of Trustees and The number of meetings of the Trustees and of the Audit and Risk Committee vests certain land and property in the (ARC) held during the year, and the number of meetings attended by each Trustee Trust. It also governs the Regulations and ARC member are as follows: relating to all three Botanic Gardens and the Domain

There were no changes to the Act or Regulation administered by the Trust in TRUSTEE MEETINGS MEETINGS OF 2018-19. OF TRUSTEES AUDIT & RISK COMMITTEE There are no controlled entities or A H A H subsidiaries. Philip Marcus Clark (Chair) 7 7 JUDICIAL DECISIONS Maria Atkinson# 4 2 There were no significant judicial Giselle Collins# 3 3 decisions in 2018-19. Penelope Diamantakiou 7 7 CORPORATE GOVERNANCE Mark Fleming# 4 4 1 1 The Trust is formally accountable to the Michelle Leishman 7 5 Minister for Planning and Public Spaces in fulfilling its statutory obligations. The Tony Pearson 7 7 Minister is responsible for overseeing the David Saxelby 2 0 management and policy direction of the 3 3 organisation. Debra Townsend#

In meeting the Trust objectives and AUDIT & RISK COMMITTEE setting a clear strategic direction for the MEMBERS WHO ARE organisation, the Trustees are committed NOT TRUSTEES to best practice in corporate governance. The Trust also has an Audit and Risk Ian Breedon (Chair) 5 5 Committee. No significant committees Adam Boyton 3 5 were established or abolished in 2018-19. John Hunter 5 5 THE TRUSTEES Appendices In accordance with the Act there are A = Number of meetings attended seven Trustees who are appointed by the H = Number of meetings held during the time the Trustee held office or was a Governor on recommendation by the member of the committee during the year Minister. N/A = Not applicable. Not a member of the relevant committee # = Term commenced or expired during the period All Trustees and Audit & Risk Committee members are independent non- executives.

90 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 91 Appendices Appendices

Current trustees

Philip Marcus Clark AO Mark Fleming Chair Mark is an experienced finance executive, with over 25 years’ experience in investment banking and senior finance roles for major ASX listed companies. Mark is currently Chief Financial Officer and an Executive Director of SCA Property Group, an Philip was Managing Partner and CEO of Minter Ellison and worked with that firm from 1995 until June 2005. Prior to joining ASX200 listed A-REIT and the largest owner of convenience-based shopping centres in Australia. Previously, Mark was the Minter Ellison, Philip was Director and Head of Corporate with ABN Amro Australia and a Managing Partner of Mallesons Chief Financial Officer of Treasury Wine Estates and prior to that held senior finance roles with Woolworths Group Limited, Stephen Jaques. Philip is a member of the JP Morgan Advisory Council and now serves on a number of boards and including General Manager Supermarkets Finance and General Manager Corporate Finance. Prior to these corporate roles advisory boards. His appointments include listed and private companies, government and university boards. His current Mark was an investment banker, advising companies both in Australia and overseas in relation to mergers, acquisitions and roles include Chair of SCA Property Group (SCP), NSW Skills Board and NSW Public Purpose Fund, a Director of Food capital raisings. Mark has Law and Economics (honours) degrees from the University of Sydney. Agility CRC and a Council Member of Charles Sturt University. Philip has also worked with various organisations in the not-for-profit sector. He was appointed as a Member in the General Division of the Order of Australia in 2007 for his Appointed: 31 October 2018 | Term expires: 30 October 2021 contribution to the development of national law firms and encouraging corporate involvement in community programs, and was appointed as an Officer of the Order of Australia in 2019 for distinguished service to education, research and infrastructure investment and to the not-for-profit sector.

Appointed Trustee: 31 July 2017 | Appointed Chair: 11 July 2018 | Term expires: 10 July 2021 Michelle Leishman

Michelle is an internationally-recognised scientist with research interests in plant ecology, plant conservation biology, climate change adaptation and urban greening. She has published over 150 scientific articles and was a finalist in the 2019 Eureka Award for Environmental Research. Michelle was previously the Chair of the NSW Scientific Committee and currently serves Giselle Collins as a Councillor of the Australian Flora Foundation, Director of Bush Heritage and Deputy Director of the Biodiversity Node of the NSW Adaptation Research Hub. She is Head of the Department of Biological Sciences at Macquarie University and Giselle Collins is a company Director with significant executive experience in property, tourism and financial services. Giselle Co-Leader of Macquarie University’s Centre for Smart Green Cities. has previously chaired the boards of Aon Superannuation Pty Ltd (as Trustee for Aon Master Trust), The Travelodge Hotel Group and the Heart Research Institute, and served on the boards of Big4 Holiday Parks, Minjerribah Camping and the Appointed: 16 January 2017 | Term expires: 31 December 2021 Royal Australian Institute of Architects. Giselle is currently Chairman of Darwin Hotel as nominee for Indigenous Business Australia. Giselle also sits on the boards of Hotel Property Investments Limited (HPI) and Generation Life. Giselle has a Bachelor of Economics degree from the University of Sydney and a Graduate Diploma in Applied Finance & Investments from the Securities Institute of Australia. Giselle is a Graduate Member of the Australian Institute of Company Directors and is a member of the Institute of Chartered Accountants in Australia and New Zealand. Tony Pearson

Appointed: 1 January 2019 | Term expires: 31 December 2021 Tony is an experienced strategic and financial advisor, with a career of over 20 years across banking, corporate, infrastructure funds management, regulatory and board roles. Tony was appointed to the former Planning Assessment Commission in August 2017 and is a current member of the Independent Planning Commission. He is currently Chair of White Ribbon, and a non-executive director of ASX listed Peak Resources and Cellnet. Tony has recently held non-executive positions with Regnan, International Grammar School, Aspire Mining and Azarga Resources Group. He was previously a Penelope Diamantakiou Managing Director at HSBC, and prior to this held various senior executive roles with SouthGobi Resources and the Australian Securities & Investments Commission. Tony has been admitted as a Member of the Australian Institute of Penny is an accomplished corporate executive with 20-plus years of experience extending across multiple sectors includ- Company Directors and holds a B Comm (with Merit) from the University of NSW. ing digital media, e-commerce, broadcast, telecommunications, manufacturing, government and professional services. She is a transformative and visionary leader experienced in spearheading whole-of-company turnarounds and driving executive Appointed: 5 September 2018 | Term expires: 4 September 2021 vision with a view to delivering to the bottom line. Penny has extensive experience in both B2B and B2C business models with a strong passion to leverage digital technology, customer data and insights to transform the future of business. Penny has operated in highly complex multinational environments with corporate ownership structures extending across ASX-listed companies, US global multinationals, wholly-owned subsidiaries and Asian and US operated headquarters. Her recent expe- rience as the CFO of Yahoo7 includes extensive involvement in joint-venture-based-ownership structures both in the content Debra Townsend media and technology space. Prior to this Penny spent 12 years in a variety of roles at SingTel-Optus, the most recent being Vice President, Consumer Commercial. Penny was a winner of the 2015 Telstra Women’s Business Awards NSW (Corporate Debra is a Partner at King Wood Mallesons law firm specialising in environment and planning. Debra has over 30 years’ & Private). She is a graduate of the Australian Institute of Company Directors (GAICD), holds an MBA from the University of experience in both litigation and commercial property work, and significant experience acting for State government entities Adelaide where she earned Dean’s List and Top Law Student accolades (Norman Waterhouse annual achievement). She and private land owners on matters including land acquisition for road and rail projects, heritage, biodiversity conservation, also holds a Graduate Diploma in Management, is a FCPA and has a Bachelor of Economics majoring in Accountancy. water and wastewater infrastructure, planning and environmental approvals, contaminated land, enforcement and compliance issues, waste and liability issues. Debra also advises on governance, conflicts, pecuniary interest and code of Appointed: 5 September 2018 | Term expires: 4 September 2021 conduct issues. Debra holds both Bachelor of Laws and Bachelor of Science degrees from the University of NSW.

Appointed: 28 November 2018 | Term expires: 27 November 2021

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Internal Audit and Risk Management Attestation Statement Cyber Security Annual Attestation Statement

Internal Audit and Risk Management Attestation Statement for the 2018-2019 Financial Year for Cyber Security Annual Attestation Statement for Royal Botanic Gardens and Domain Trust and the 2018-2019 Financial Year for Centennial Parklands and Moore Park Trust Royal Botanic Gardens and Domain Trust and Centennial Parklands and Moore Park Trust

I, Denise Ora, am of the opinion that the Botanic Gardens and Centennial Parklands has internal audit and risk management processes in operation that are, excluding the exceptions or transitional arrangements described below, compliant with the eight (8) core requirements set out in the Internal Audit and Risk Management Policy I, Denise Ora, am of the opinion that Royal Botanic Gardens and Domain Trust and Centennial Parklands and for the NSW Public Sector, specifically: Moore Park Trust (together, the Trusts) have managed cyber security risks in a manner consistent with the For each requirement, Mandatory Requirements set out in the NSW Government Cyber Security Policy. Core Requirements please specify whether compliant, Risks to the information and systems of the Trusts have been assessed and are managed. non-compliant, or in transition Governance is in place to manage the cyber-security maturity and initiatives of the Trusts. Risk Management Framework

There exists a current cyber incident response plan for the systems managed by Planning and Environment 1.1 The agency head is ultimately responsible and accountable for risk Compliant Cluster Shared Services which has been tested during the reporting period. management in the agency 1.2 A risk management framework that is appropriate to the agency has been Compliant An independent certification (Certificate IS 645082) of the Planning and Environment Cluster Shared Services established and maintained and the framework is consistent with AS/NZS ISO Information Security Management System was undertaken by an accredited third party and found to be 31000:2009 compliant with the requirements of ISO/IEC 27001:2013.

Internal Audit Function

Compliant 2.1 An internal audit function has been established and maintained 2.2 The operation of the internal audit function is consistent with the International Compliant Standards for the Professional Practice of Internal Auditing 2.3 The agency has an Internal Audit Charter that is consistent with the content of Compliant the ‘model charter’

Audit and Risk Committee Denise Ora Executive Director 3.1 An independent Audit and Risk Committee with appropriate expertise has Compliant 15 October 2019 been established 3.2 The Audit and Risk Committee is an advisory committee providing assistance Compliant to the agency head on the agency’s governance processes, risk management and control frameworks, and its external accountability obligations 3.3 The Audit and Risk Committee has a Charter that is consistent with the content Compliant of the ‘model charter’

Membership

The chair and members of the Audit and Risk Committee are:

Position Name Start term date Finish term date Independent Chair Ian Breedon 21 August 2017 20 August 2021 Independent Member Adam Boyton 29 November 2018 28 November 2021 Member1 Mark Fleming 31 October 2018 30 October 2021 Independent Member John Hunter 29 November 2018 28 November 2021 Independent Member Brian Long 21 August 2019 27 June 2021 1 Mark Fleming is an independent Trustee of the Royal Botanic Gardens and Domain Trust

Denise Ora Contact person: Executive Director Daniel Rockett 15 October 2019 Chief Audit Executive

TPP15-03 Internal Audit and Risk Management Policy for the NSW Public Sector

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Appendices Appendices

Organisational matters

WORKPLACE HEALTH AND SAFETY The Trust and management are committed to ensuring the safety of people including employees, contractors, visitors and tourists. The Trust operates under the requirement of SafeWork NSW.

WORKER COMPENSATION AND INJURY MANAGEMENT There were 173 near misses and incidents reported in 2018-19 involving staff, volunteers and contractors. Of these, 30 resulted in workers compensation insurance claims ranging from reimbursement of medication costs to medical treatment. Manual handling was identified as a major reason (42%) for medical treatment compensable claims. During the period there was one advisory notice from SafeWork NSW and no infringement penalties imposed.

INSURANCE The Trust insurance coverage is held with the NSW Treasury Managed Fund and includes policies for workers compensation,public liability, directors and officers liability and motor vehicle, property and miscellaneous insurance.

MULTICULTURAL POLICIES AND SERVICES PROGRAM Botanic Gardens and Centennial Parklands is working towards the aims and goals of the NSW Government Planning and Environment Cluster Multicultural Plan 2018-2021. The plan includes the principles of multiculturalism, encouraging participation of people from diverse cultural and linguistic backgrounds in all events and visitor programs. Multicultural issues are included in our staff induction program and flexible, inclusive consultation processes are included in our planning processes. Botanic Gardens and Centennial Parklands does not have any agreements with Multicultural NSW under the Multicultural NSW Act 2000.

DISABILITY INCLUSION ACTION PLANS Botanic Gardens and Centennial Parklands is working towards the aims and goals of the NSW Government Planning and Environment Cluster Disability Inclusion Action Plan 2015-2019. The plan includes a commitment to delivering accessible and inclusive services and facilities and providing meaningful employment opportunities to all current and prospective employees with disability.

CONSULTANTS

Thresholds Engagements Cost Consultants equal to or more than $50,000 Development and fundraising management services 1 $50,400 Consultancies less than $50,000 Management services 7 $59,695

Total 8 $110,095

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Botanic Gardens and Centennial Parklands Organisational Structure

The above chart highlights the Executive Level team and provides information on the responsibilities of each department. From a day-today perspective, the management of the three Gardens and the Domain is led by the Executive Director who works within the parameters of the Act, reports to the Trustees, and is also responsible to the Department of Planning, Industry and Environment for administrative issues. For certain approvals and actions, the Executive Director is responsible to the Minister for Planning and Public Spaces.

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Executive team Workforce diversity Botanic Gardens and Centennial Parklands In 2014 the Centennial Park and Moore Park Trust and the Royal Botanic Gardens and Domain Trust operations were integrated. Operational staff are shared across the Trusts which remain as separate legal entities. As a result, it is not possible to separate the results of the Diversity Reports by Trust. The statistics shown here related to the integrated operation, known as Botanic Gardens & Centennial Parklands. DENISE ORA MELISSA DRISCOLL DR BRETT SUMMERELL Executive Director Director, Visitor Director, Research CURRENT SELECTIONS Grad Dip Marketing, Dip Experience (Acting) and Chief Botanist Cluster Reporting Entity Project Management, Cert BComm, Grad Cert Public BScAgr (Hons), PhD Key Account Management Sector Management, Dip Planning & Environment Royal Botanic Gardens and Domain Trust Grad Cert Business Law, GAICD Business Marketing JIMMY TURNER Director, Horticultural CARLA ARMANET DANIEL ROCKETT Management 1. SIZE OF AGENCY (HEADCOUNT) Director, Sport and Recreation Chief Audit Executive BScAgr (Hons), MSc BA, Sport Studies, GAICD BCom, MA (Hons) 2017 2018 2019 % Change JO WHITE 2018 to 2019 TANIA BETTS GEORGE SALOUROS Director, Science & Headcount at Census Date 323 312 300 -3.8 Director, Corporate Services Director, Assets and Conservation and Governance Facilities Management BAppSC, GradDipBus Non-casual Headcount at Census Date 274 280 269 -3.9 BBus, CA, AGIA, ACIS BA (Politics), LLB, MAICD, MIML 2. WORKFORCE DIVERSITY SURVEY RESPONSE RATE JENNI CALZINI KATE SQUIRE (NON-CASUAL HEADCOUNT AT CENSUS DATE) Director, Strategy Planning General Counsel; Director, 2017 2018 2019 and Projects (Acting) Commercial Services (Acting) BArch (Hons), MArch LLB (Bachelor of Laws); BA Non-casual Headcount at Census Date 274 280 269 (International Studies) Non-casual Workforce Diversity Survey 185 202 201 Respondents at Census Date BGCP SENIOR EXECUTIVES Response Rate 67.5% 72.1% 74.7% Note: Survey Respondents are employees who have provided an answer for any of the Workforce Diversity questions, whether they have chosen 2017-18 2018-19 to withdraw their response or not. In other words, a respondent is an employee with at least one non-missing value for the set of Workforce Diversity questions. Band Female Male Total Female Male Total 3. WORKFORCE DIVERSITY ACTUAL STAFF NUMBERS Band 4 Secretary 0 0 0 0 0 0 (NON-CASUAL HEADCOUNT AT CENSUS DATE)

Band 3 Deputy Secretary 0 0 0 0 0 0 2019 Band 2 Executive Director 0 1 1 1 0 1 Actual Estimated

Band 1 Director 3 6 9 2 3 5 Remuneration Level of Total Staff Respondents Men Women Unspecified Aboriginal People People People People with Substantive Position (Men,Women Gender & Torres from whose with a a Disability Total 3 7 10 3 3 6 & Unspecified) Strait Racial, Language Disability Requiring Islanders Ethnic, First Spoken Work-related Ethno- as a Child Adjustment NB: These are the Senior Executive stats for 30 June 2019. This data is based solely on senior executives in their substantive role and band level. Religious was not Minority English AVERAGE REMUNERATION OF SENIOR EXECUTIVES Groups $0 - $48,119 9 7 6 3 0 1 1 2 0 0 Band Range Average Range Average $48,119 - $63,199 34 31 24 10 0 0 0 2 1 1 2017-18 ($) remuneration 2018-19 ($) remuneration 2017-18 ($) 2017-18 ($) $63,199 - $70,652 53 39 30 23 0 0 3 5 1 0

Band 4 Secretary 463,551–535,550 0 475,151 – 548,950 0 $70,652 - $89,406 72 53 36 36 0 0 2 9 3 0 $89,406 - $115,617 59 47 26 33 0 3 4 6 1 1 Band 3 Deputy Secretary 328,901–463,550 0 337,101 - 475,150 0 $115,617 - $144,521 33 16 21 12 0 1 1 2 1 0

Band 2 Executive Director 261,451-328,900 328,898 268,001 - 337,100 337,100.00 $144,521 > (Non SES) 3 3 2 1 0 0 1 0 0 0

Band 1 Director 183,300–261,450 213,210 187,900 - 268,000 219,427.20 $144,521 > (SES) 6 5 3 3 0 0 1 1 0 0

4.23% of BGCP’s employee-related expenditure in 2019 was related to Senior Executives as reported in BGCP Annual Workforce Profile. Total 269 201 148 121 0 5 13 27 7 2 Note: “Unspecified Gender” incorporates unknown, withdrawn, and indeterminate/intersex values. 100 www.rbgsyd.nsw.gov.au Royal Botanic Gardens and Domain Trust Annual Report 2018-19 101 Appendices

Workforce diversity continued…

4. WORKFORCE DIVERSITY ACTUAL AND ESTIMATED STAFF NUMBERS (NON-CASUAL HEADCOUNT AT CENSUS DATE) 4A. WORKFORCE DIVERSITY ACTUAL AND ESTIMATED STAFF NUMBERS (NON-CASUAL HEADCOUNT AT CENSUS DATE) AS PERCENTAGE

2019 2019 Actual Estimated Actual Estimated Remuneration Level of Total Staff Respondents Men Women Unspecified Aboriginal People People People People with Substantive Position (Men,Women Gender & Torres from whose with a a Disability Remuneration Level of Total Staff Respondents Men Women Unspecified Aboriginal People People People People with & Unspecified) Strait Racial, Language Disability Requiring Substantive Position (Men,Women Gender & Torres from whose with a a Disability Islanders Ethnic, First Spoken Work-related & Unspecified) Strait Racial, Language Disability Requiring Ethno- as a Child Adjustment Islanders Ethnic, First Spoken Work-related Religious was not Ethno- as a Child Adjustment Minority English Religious was not Groups Minority English Groups $0 - $48,119 9 7 6 3 0 1 1 3 0 0 $0 - $48,119 9 77.8% 66.7% 33.3% 0.0% 14.3% 14.3% 28.6% 0.0% 0.0% $48,119 - $63,199 34 31 24 10 0 0 0 2 1 1 $48,119 - $63,199 34 91.2% 70.6% 29.4% 0.0% 0.0% 0.0% 6.5% 3.2% 3.2% $63,199 - $70,652 53 39 30 23 0 0 4 7 1 0 $63,199 - $70,652 53 73.6% 56.6% 43.4% 0.0% 0.0% 7.7% 12.8% 2.6% 0.0% $70,652 - $89,406 72 53 36 36 0 0 3 12 4 0 $70,652 - $89,406 72 73.6% 50.0% 50.0% 0.0% 0.0% 3.8% 17.0% 5.7% 0.0% $89,406 - $115,617 59 47 26 33 0 4 5 8 1 1 $89,406 - $115,617 59 79.7% 44.1% 55.9% 0.0% 6.4% 8.5% 12.8% 2.1% 2.1% $115,617 - $144,521 33 16 21 12 0 2 2 4 2 0 $115,617 - $144,521 33 48.5% 63.6% 36.4% 0.0% 6.3% 6.3% 12.5% 6.3% 0.0% $144,521 > (Non SES) 3 3 2 1 0 0 1 0 0 0 $144,521 > (Non SES) 3 100.0% 66.7% 33.3% 0.0% 0.0% 33.3% 0.0% 0.0% 0.0% $144,521 > (SES) 6 5 3 3 0 0 1 1 0 0 $144,521 > (SES) 6 83.3% 50.0% 50.0% 0.0% 0.0% 20.0% 20.0% 0.0% 0.0% Total 269 201 148 121 0 Total 269 74.7% 55.0% 45.0% 0.0% Note: Table 4a presents the figures in Table 4 as percentages. E.g., Estimated % of People with a Disability in Salary Band 1 = (Estimated Note 1: Estimated figures are only provided for agencies with a response rate greater than 65%. For number of People with a Disability in Salary Band 1 / Total number of Staff in Salary Band 1) * 100. Estimated figures are only provided for agencies with a response rate less than 65%, actual figures are reported in all instances. agencies with a response rate greater than 65%. For agencies with a response rate less than 65%, actual figures are reported in all instances.

Note 2: Estimated figures are calculated for each salary band by taking the number of employees who have responded “”yes”” to the Workforce Diversity question as a proportion of the total number of employees who have responded to the Workforce Diversity survey, 5 PARLIAMENTARY ANNUAL REPORT TABLES multiplied by the total number of staff. E.g., Estimated number of People with a Disability in Salary Band 1 = (Actual number of People with a Disability in Salary Band 1 / Total number of Survey Respondents in Salary Band 1) * Total number of Staff in Salary Band 1. 5A. TRENDS IN THE REPRESENTATION OF WORKFORCE DIVERSITY GROUPS

Workforce Diversity Group Benchmark/ 2017 2018 2019 Target

Women 50% 45.3% 45.7% 45.0%

Aboriginal and/or Torres Strait Islander People 3.3% 2.9% 3.0% 2.6%

People whose First Language Spoken as a Child was not English 23.2% 14.2% 14.8% 13.6%

People with Disability 5.6% 3.0% 3.1% 3.7%

People with Disability Requiring Work-Related Adjustment N/A 0.5% 0.5% 0.9%

Note 1: The benchmark of 50% for representation of women across the sector is intended to reflect the gender composition of the NSW community.

Note 2: The NSW Public Sector Aboriginal Employment Strategy 2014 – 17 introduced an aspirational target of 1.8% by 2021 for each of the sector’s salary bands. If the aspirational target of 1.8% is achieved in salary bands not currently at or above 1.8%, the cumulative representation of Aboriginal employees in the sector is expected to reach 3.3%.

Note 3: A benchmark from the Australian Bureau of Statistics (ABS) Census of Population and Housing has been included for People whose First Language Spoken as a Child was not English. The ABS Census does not provide information about first language, but does provide information about country of birth. The benchmark of 23.2% is the percentage of the NSW general population born in a country where English is not the predominant language.

Note 4: In December 2017 the NSW Government announced the target of doubling the representation of people with disability in the NSW public sector from an estimated 2.7% to 5.6% by 2027. More information can be found at: Jobs for People with Disability: A plan for the NSW public sector. The benchmark for ‘People with Disability Requiring Work-Related Adjustment’ was not updated.

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Workforce diversity continued… Workforce Diversity Group Benchmark/ 2017 2018 2019 Target

5B. TRENDS IN THE DISTRIBUTION INDEX FOR WORKFORCE DIVERSITY GROUPS Aboriginal and/or Torres Strait Islander People 3.3% 2.9% 3.0% 2.6%

Workforce Diversity Group Benchmark/ 2017 2018 2019 Trends in Workforce Diversity Group Target Aboriginal and/or Torres Strait Islander People 3.5% Benchmark/Target Women 100 108 104 106 2018 3% 2017 Aboriginal and/or Torres Strait Islander People 100 N/A N/A N/A 2019 2.5% People whose First Language Spoken as a Child was not English 100 90 100 100 2% People with a Disability 100 N/A N/A N/A 1.5% People with a Disability Requiring Work-Related Adjustment 100 N/A N/A N/A Note 1: A Distribution Index score of 100 indicates that the distribution of members of the Workforce Diversity group across salary bands is 1% equivalent to that of the rest of the workforce. A score less than 100 means that members of the Workforce Diversity group tend to be more concentrated at lower salary bands than is the case for other staff. The more pronounced this tendency is, the lower the score will be. In some 0.5% cases, the index may be more than 100, indicating that members of the Workforce Diversity group tend to be more concentrated at higher salary 0% bands than is the case for other staff.

Note 2: The Distribution Index is not calculated when the number of employees in the Workforce Diversity group is less than 20 or when the number of other employees is less than 20. Workforce Diversity Group Benchmark/ 2017 2018 2019

6. REPRESENTATION OF WORKFORCE DIVERSITY GROUPS - GRAPHS Target People whose First Language Spoken as a Child was not English 23.2% 14.2% 14.8% 13.6% Workforce Diversity Group Benchmark/ 2017 2018 2019 Target Trends in Workforce Diversity Group Women 50% 45.3% 45.7% 45.0% People whose First Language Spoken as a Child was not English Trends in Workforce Diversity Group Women 30% 25% Benchmark/Target 60% Benchmark 20% 2017 2018 2019 2017 2018 2019 15% 40% 10% 5% 20% 0%

0% Workforce Diversity Group Benchmark/ 2017 2018 2019 Target Workforce Diversity Group Benchmark/ 2017 2018 2019 People with a Disability N/A 3.0% 3.1% 3.7% Target People with a Disability Requiring Work-Related Adjustment N/A 0.5% 0.5% 0.9% Trends in Workforce Diversity Group People with a Disability Trends in Workforce Diversity Group 15% People with a Disability Requiring Work-Related Adjustment 10% 10.0% 5% 2017 2018 2019 8% 0% 6.0% 4.0% 2.0% 2019 2017 2018 0%

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PUBLIC INTEREST DISCLOSURES Table B: Number of applications by type of application and outcome There were no Public Interest Disclosures made in the 2018-19 year. Refuse to confirm/ PRIVACY AND PERSONAL INFORMATION Access Access Access Information Refuse to deny whether During 2018-19 the Trust received no applications under the Privacy and Personal Information Protection granted granted refused Information already deal with information Application Act 1998. Botanic Gardens and Centennial Parklands continues to monitor compliance with this Act. No in full in part in full not held available application is held withdrawn reviews were conducted by or on behalf of Botanic Gardens and Centennial Parklandsin 2018-19. Personal GOVERNMENT INFORMATION (PUBLIC ACCESS) ACT 2009 information 0 0 0 0 0 0 0 0 applications* During the reporting period, our agency received no formal access applications (including withdrawn applications but not invalid applications). No internal reviews were undertaken in 2018-19. During the Access reporting period, Botanic Gardens and Centennial Parklands did not refuse any access applications. applications (other than personal 0 0 0 0 0 0 0 0 information applications) Statistical information about access applications – Clause 7(d) and Schedule 2 Access applications that are partly personal Table A: Number of applications by type of applicant and outcome* 0 0 0 0 0 0 0 0 information Refuse to applications and confirm/ partly other Access Access Access Information Refuse to deny whether granted granted refused Information already deal with information Application *A personal information application is an access application for personal information (as defined in clause in full in part in full not held available application is held withdrawn 4 of Schedule 4 to the Act) about the applicant (the applicant being an individual). Media 0 0 0 0 0 0 0 0 PLEASE NOTE: The total number of decisions in Table B should be the same as Table A. Members of 0 0 0 0 0 0 0 0 Parliament Table C: Invalid applications Private sector 0 0 0 0 0 0 0 0 business Reason for invalidity No of applications Not for profit Application does not comply with formal requirements (section 41 of the Act) 0 organisations or 0 0 0 0 0 0 0 0 Application is for excluded information of the agency (section 43 of the Act) 0 community groups Application contravenes restraint order (section 110 of the Act) 0 Members of the public Total number of invalid applications received 0 (application by 0 0 0 0 0 0 0 0 Invalid applications that subsequently became valid applications 0 legal representative) Members of the 0 0 0 0 0 0 0 0 public (other)

*More than one decision can be made in respect of a particular access application. If so, a recording must be made in relation to each such decision. This also applies to Table B.

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Table D: Conclusive presumption of overriding public interest against disclosure: Table F: Timeliness matters listed in Schedule 1 to Act Number of applications Number of times consideration used* Decided within the statutory timeframe (20 days plus any extensions) 0 Overriding secrecy laws 0 Decided after 35 days (by agreement with applicant) 0 Cabinet information 0 Not decided within time (deemed refusal) 0 Executive Council information 0 Total 0 Contempt 0 Legal professional privilege 0 Excluded information 0 Table G: Number of applications reviewed under Part 5 of the Act (by type of review and outcome) Documents affecting law enforcement and public safety 0 Decision varied Decision upheld Total Transport safety 0 Internal review 0 0 0 Adoption 0 Review by Information Commissioner* 0 0 0 Care and protection of children 0 Internal review following Ministerial code of conduct 0 recommendation 0 0 0 Aboriginal and environmental heritage 0 under section 93 of Act *More than one public interest consideration may apply in relation to a particular access application and, if so, each Review by ADT 0 0 0 such consideration is to be recorded (but only once per application). This also applies in relation to Table E. Total 0 0 0

Table E: Other public interest considerations against disclosure: matters listed in table to section 14 of Act

Number of occasions when Table H: Applications for review under Part 5 of the Act (by type of applicant) application not successful Responsible and effective government 0 Number of applications for review Law enforcement and security 0 Applications by access applicants 0 Individual rights, judicial processes and natural justice 0 Applications by persons to whom information the subject 0 Business interests of agencies and other persons 0 of access application relates (see section 54 of the Act) Environment, culture, economy and general matters 0 Secrecy provisions 0 Table A: Number of applications by type of applicant and outcome* Exempt documents under interstate Table B: Number of applications by type of application and outcome 0 Table C: Invalid applications Freedom of Information legislation Table D: Conclusive presumption of overriding public interest against disclosure: matters listed in Schedule 1 to Act Table E: Other public interest considerations against disclosure: matters listed in table to section 14 of Act Table F: Timeliness Table G: Number of applications reviewed under Part 5 of the Act (by type of review and outcome) Table H: Applications for review under Part 5 of the Act (by type of applicant)

ANNUAL REPORT PRODUCTION COSTS External costs incurred in the production of this annual report totalled $14,200.

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Index

A F R Royal Botanic Garden Sydney About Royal Botanic Gardens and Financial Performance 44 Research Grants 24 Mrs Macquaries Road, Sydney 2000 Domain Trust 6 Financial statements 49 Royal Botanic Garden Sydney 6 Phone: (02) 9231-8111 (office reception, Monday to Friday) Accounts payable 46 Financial summary 14 Garden opening hours vary throughout the year so visit: Acknowledgement 4 S rbgsyd.nsw.gov.au/Visit/Plan-your-visit/Opening-hours

Australian Botanic Garden Mount G Science and Conservation Annan 6 Australian Botanic Garden Mount Annan Governance 91 Performance 16 Mount Annan Road, Mount Annan 2567 Apprenticeship Program 30 Senior Executive Service 100 Government information Phone: (02) 4634-7900 (Public Access) Act 2009 106 Social performance 32 Open all year except Christmas Day (free entry). B Grants 24 Strategic Plan 12 Autumn, Winter & Spring: 8am–5pm Blue Mountains Botanic Garden Mount Statement of Cash Flows 55 Summer: 8am–7pm Tomah 7 H Statement of Changes in Equity 54 australianbotanicgarden.com.au Horticultural improvements 28 Statement of C Comprehensive Income 52 Blue Mountains Botanic Garden Mount Tomah Bells Line of Rd, Mount Tomah, NSW 2758 Chairman’s report 8 I Statement of Financial Position 53 Phone: (02) 4567-3000 Community Outreach 38 Independent Audit Report 50 Support 40 Open all year except Christmas Day (free entry) Community Served 33 Sustainable Resource Management 27 Infrastructure Program 31 Weekdays: 9am–5.30pm Cyber Security Annual Attestation Internal Audit and Risk Management Weekends & public holidays: 9:30am–5:30pm Statement 95 T Attestation Statement 94 bluemountainsbotanicgarden.com.au Investment performance 47 Trustees 92 D Trust Attendances 91 Director Research & Chief Botanist M report 11 Managing our Living Collection 28 V Domain, The 7 Managing Resources for Visitation 35 Sustainability 17 Venue Management 35 Credits E Volunteering 39 Education 36 O Published by: Royal Botanic Gardens and Availability Energy management 27 Organisational structure 98 W Domain Trust, October 2019 www.rbgsyd.nsw.gov.au Environmental performance 26 Our thanks 40 & 42 Waste management 27 ISSN: 1035-0969 Executive Director’s report 9 Water management 27

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