163rd Annual Report & Financial Statements
For the year ending 31 July 2017
Board 2016/17 Canterbury Jockey Club (Inc.)
Chairman J.J. McCall
Treasurer W.D.J. Cotton
Board K.W. Brookfield, P.J. Cordner, Mrs S.B. Dunnett, T.J. Elstob, H.A. Fitzsimmons, D.C.B Francis, G.H. Fulton, S. J. Hewitt, Mrs D.L. Logie, B.F O’Dea, D. J. Stewart, T.R. Toplis, Ms W.M. Wakefield.
Honorary Steward D.C. Gould
Honorary Life Members M. C. Acklin, P.J. Cordner, R.A. Coupland, B.D. Kinley, R.E. Murtha, G.F. Ritchie
Honorary Life Provincial Members
R.L. Bennetts, W. Jenkins, A.I. McArthur, Mrs L. Mulligan, G.J. Roll, Mrs D.I.C. Rutherford, Mrs W.L. Shaw, R. Simpson, R.W. Stalker, N.G. Wigley
Chief Executive (Secretary in terms of the Rules of Racing) T.W. Mills
Financial Manager M.F. Jones
Racecourse Manager A.A. Chapman
Sponsorship & Marketing Manager C.A. Rowe
Racing Manager J.R. Langan
Riccarton Park Function Centre Manager E. Cormack
Canterbury Jockey Club Annual Report 2017 1 Ward Committees Canterbury Jockey Club (Inc.)
Amberley: H.A. Fitzsimmons (Chair), Miss A.M. Baxter, P.I. Croft, A.C. Deans (deceased November 2016), M.J. Douglas, J.C. Douglas-Clifford, J.O.H. Freeth, E. H. Greenwood, J.Greenwood, N.A. Macfarlane, M.J. Manion, N. McGirr, W.W.D McRae, Mrs L. Mulligan, Mrs D.I.C. Rutherford, W.H. Rutherford, J.B.L. Savill, S.D. Thomas, G.P.F. Thompson Hororata: D.J. Stewart (Chair), P. Anderson, D. Arthur, R.L. Bennetts, T.R.D. Bennetts, Mrs D. Chesmar, M.G. Chesmar, G. Dawson, M.G. Gordon, G. Hatton, L.N. Hewitt, R. Ireland, M. McCarthy, R. Pankhurst, D. Reardon, P. Rich, Mrs L. Seaton, Mrs M. Seaton, D.G. Watson North Canterbury: Ms W.M. Wakefield (Chair), J. Blackadder (from November 2016), Ms J. Boakes, K.W. Brookfield, M.W. Donald, G.H. Fulton, Ms S. Haisma, S.J. Hewitt, Ms S.R. Jackson, Ms R.L. Mauger, Mrs V Parrott, Ms A.L. Pascoe, Mrs G. Price, M. L. Price, Miss T.J. Richards, C.A. Rowe, Mrs K.J. Thomson, N.F. Tuttle, Miss M.R. Whitham Riccarton turf: T.R. Toplis (Chair), M.G. Gordon, G.B. Lloyd, P.D. Lund, K. J. McCashin, W. McFelin, Mrs B. Moore, Mrs L. Mulligan, Ms A.M. Newman, B.F. O’Dea, J.S. Poulter, K.W. Prendergast, G.J. Roll, G. Sayer, Mrs W.L. Shaw, G. Shearman, M.J. Skelton, Mrs D.M. Ward (from October 2016), Mrs A. Wood
Raceday Officials Canterbury Jockey Club (Inc.)
Starter: K.J. Leigh-Ogden Handicapper: New Zealand Thoroughbred Racing Clerk of Scales: G. Rowland Judge: S.M. Gallagher Clerks of Course: D.F. Ferriman, Mrs M.J. Weastell Commentator: M. McNamara, M. Cross Honorary Surgeons: R.W. Robertson, Dr P. Wilkinson, Dr K. Williamson Veterinary Surgeons: Dr C.G. Murfitt (to March 2017), Dr Alisa Corser (from April 2017), Premier Equine Vets
2 Canterbury Jockey Club Annual Report 2017 Notice of Meeting Canterbury Jockey Club (Inc.)
The Annual General Meeting of Members of the Canterbury Jockey Club (Inc) will be held in the Nightmarch Room, Club Grandstand, Riccarton Park Racecourse at 5:30 pm on Wednesday 4 October 2017. 1. To confirm the Minutes of the previous Annual General Meeting. 2. To receive the Annual Report and Financial Statements. 3. To elect the Committee of the Amberley Ward: 3.1. The following persons have been proposed for election to the Committee of the Amberley Ward: Miss A M Baxter, P I Croft, M J Douglas, J C Douglas-Clifford, H A Fitzsimmons, J O H Freeth, E H Greenwood, J Greenwood, N A Macfarlane, M J Manion, N McGirr, W W D McRae, Mrs L Mulligan, Mrs D I C Rutherford, W H Rutherford, J B L Savill, S D Thomas, and G P F Thompson. 3.2. Nominations do not exceed the vacancies and accordingly the above will be elected at the Annual General Meeting. 4. To elect the Committee of the Hororata Ward: 4.1. The following persons have been proposed for election to the Committee of the Hororata Ward: P Anderson, D Arthur, R L Bennetts, T R D Bennetts, Mrs D Chesmar, M G Chesmar, G Dawson, G Hatton, L N Hewitt, R Ireland, M McCarthy, R Pankhurst, D Reardon, P Rich, Mrs L Seaton, Mrs M Seaton, D J Stewart, and D G Watson. 4.2. Nominations do not exceed the vacancies and accordingly the above will be elected at the Annual General Meeting. 5. To elect the Committee of the North Canterbury Ward: 5.1. The following persons have been proposed for election to the Committee of the North Canterbury Ward: J C Blackadder, K W Brookfield, M W Donald, G H Fulton, Ms S Haisma, S J Hewitt, Ms R L Mauger, Mrs V Parrott, Miss A L Pascoe, Ms G Price, M L Price, Miss T J Richards, C A Rowe, N F Tuttle, Ms W M Wakefield, and Miss M R Whitham. 5.2. Nominations do not exceed the vacancies and accordingly the above will be elected at the Annual General Meeting. 6. To elect the Committee of the Riccarton Turf Ward: 6.1. The following persons have been proposed for election to the Committee of the Riccarton Turf Ward: G B Lloyd, P D Lund, K J McCashin, W McFelin, Ms B Moore, Mrs L Mulligan, Mrs A M Newman, B F O’Dea, J S Poulter, K W Prendergast, G J Roll, G Sayer, Mrs W L Shaw, G Shearman, M J Skelton, T R Toplis, Mrs D M Ward and Mrs A Wood.
Canterbury Jockey Club Annual Report 2017 3 6.2. Nominations do not exceed the vacancies and accordingly the above will be elected at the Annual General Meeting. 7. To appoint the City Member representatives to the Board: 7.1. In accordance with the Rules of the Club, three (3) City members shall retire each year. 7.2. Messrs D C B Francis, J J McCall and T R Toplis retire in accordance with the Rules. 7.3. Mr D C B Francis, proposed by Mr P J Cordner, Mr J J McCall proposed by Mr G H Fulton, and Mr T R Toplis proposed by Mr P J Cordner, are offering themselves for re-election. 7.4. The number of City Members proposed for appointment to the Board does not exceed the vacancies and accordingly the above will be elected The Mondo Travel / Millennium Hotels & Resorts “Fashion In The Field” was won at the Annual General Meeting. by Stacey Hanley (second right). 7.5. Elected Board (City Member representatives only): K W Brookfield, P J Cordner, W D J Cotton, Mrs S B Dunnett, T J Elstob, G H Fulton, Mrs D L Logie and Ms W M Wakefield. 8. General Business:
4 Canterbury Jockey Club Annual Report 2017 Chairman’s Report 2016/17 Canterbury Jockey Club (Inc.)
Introduction that was charged with advancing the Land Use Project. This past year has involved a number of For the next several years the Steering Committee advanced the significant milestones for the Canterbury Land Use Project. Jockey Club that will have a significant Initially the Land Use Project was seen as involving a long term lease impact on the long term financial viability of land for the development of residential properties. of our Club. In early 2013, a small delegation met with Minister, Nick Smith. The most significant of these is the We put forward our proposal as to the possibility of extracting completion of the Land Use Project. part of the land held under the Christchurch Racecourse Reserve Land Use Project Act and removing the Conservation status of that portion of land, I have referred to this project, in previous Chairman Reports. It is to allow the development of the land for the betterment of racing with great satisfaction that we can now record that in the past year at Riccarton Park. we saw the finalisation and settlement of the Land Use Project. As a result of the meeting with Minister Smith, we left knowing that Eight years ago in early 2010 at a Board Strategic Planning Meeting, the option of possible long term leases was not going to be made the concept of being able to gain better leverage off the land was available and that we had to reconsider our approach. identified as a critical mid-term goal of the Club. In 2013 we approached Ngai Tahu Property Limited, about the After a meeting with the then Minister of Conservation, Kate possibility of being involved in the development of the land. Wilkinson, in mid-2010, we left with confidence that there was a Initially the proposal was there would be a joint venture between possibility, although at that time we were unaware of what form CRRT and Ngai Tahu Property Limited. But as we moved forward we this would eventually take, that we could better leverage off the realised we did not have the time nor the skill set to be involved in land on which the Club was situated. such a joint venture, nor did we wish to expose the Club/CRRT to The initial Sub-committee of Tim Mills and myself, approached such a commercial arrangement with all the inherent risks involved the Christchurch Racecourse Reserve Trustees (“CRRT”) seeking in undertaking such a major development. their support in achieving this long term goal to support racing at There were a number of risks involved for the Club and CRRT. In Riccarton Park. particular the Club was responsible for the advancing of funds to The late Chairman, Mr John Austin, became the Chair of a small CRRT, to allow them to engage specialist reports which were required Steering Committee, consisting of CRRT and Club representatives, to be completed to advance the project.
Canterbury Jockey Club Annual Report 2017 5 At the time, very valid issues were raised about whether or not the that the long term financial security of the Club should be secured. advance should be made to CRRT and how that money could be New Zealand Cup Meeting better utilised for the benefit of the Club, by way of applying those funds to issues of delayed maintenance and/or stakes. The Board Unfortunately, the New Zealand Cup Meeting this past year, from decided to advance those funds to CRRT. A major step forward in a financial prospective, did not meet the expectations that had the Land Use Project. been budgeted for. The initial drive to undertake this project was the need for additional The principal areas, which will no doubt need to be further, expanded income from non-race day activities, in what may be described as on by the Treasurer, related to a significant reduction in attendance “non-traditional” avenues of income was required. sales, the increased cost of compliance and security and also the poor weather forecast, in particular on New Zealand Cup Day. The outcome of the Land Use Project has involved literally thousands of hours undertaken by many people over the last eight years of This poor financial result was further compounded when the work to achieve this goal. Christmas at the Races Meeting held in December, also recorded a deficit against a budgeted surplus. The outcome is, of the 122 hectares of reserve land, approximately 40 hectares will be used for the development of approximately The financial result for the 2016 New Zealand Cup Meeting simply 600 households. reinforces the need to ensure that this Club has non-race day income. The capital from the sale of the land to Ngai Tahu Property Limited Insurance will be held by the CRRT, who are bound under the Act of Parliament, We settled the insurance claim for the Main Totalisator building, to manage and use that capital for the benefit of racing at Riccarton which, most members will be aware of, resulted in the ‘Old Tote’ Park. In 4 or 5 years’ time we hope to see the material benefits of being demolished. How that space will be utilised long term has this long term strategy by an annuity coming from the capital held, yet to be determined. which will be applied to the benefit of racing at Riccarton Park. The resolution of the insurance claim for the Grand National Stand I would like to thank the CRRT, in particular the late Mr John Austin is still ongoing. We continue to liaise with our engineering and legal and more latterly, Mr Peter Cordner for their Chairmanship and advisers on the resolution of the claim. We recently received an ensuring that this project was achieved. independent finding from a third party engineering group, which The project was at times challenging and there is no doubt, has now determined the engineering methodology required to bring extremely time consuming for all involved. But the ultimate goal the building up to code. was always the focus, and having achieved this, it is with satisfaction There is still some considerable amount of discussions to take place
6 Canterbury Jockey Club Annual Report 2017 before the final resolution of the insurance claim over the Grand Personnel National Stand is concluded. I wish to acknowledge the retirement of Mr Murray Jones, our Renovation of Club Grandstand financial manager, in August of this year. He was employed by the Most members will be aware that we have commenced the Canterbury Jockey Club for 37 years and we wish Murray, on behalf renovation of the Club Grandstand, both internally and externally. of the Board and Club, a happy and relaxing retirement. We have completed the internal painting and laying of carpet. We During this past year we saw the retirement of Dr Corin Murfitt, who have also purchased some new furniture. was one of two official veterinarians for the Canterbury Jockey Club from 1972 until his retirement in April 2017, and Dr Peter Wilkinson, After the completion of the 2017 New Zealand Cup Meeting, we after 35 years’ service, on the medical panel. shall then be looking at commencing the repairs and refurbishment the exterior. To both Corin and Peter, thank you for your long service to the Club. Rebecca Black Trust Fundraiser Finally, this is my last report as Chairman. After eight years, I shall be standing down. My time as Chairman has been thoroughly It was a privilege to be able to assist and arrange for the dinner and enjoyable, if not at times challenging. Thank you to Bill Cotton for auction held in the Show Gate Lounge on Thursday, 20 April 2017, his support and work as Treasurer. My thanks for the support of a to raise money for the Rebecca Black Trust. great team, led by Tim Mills, and a hard working dedicated Board. The net amount raised as a result of the dinner held was JJ McCall $54,541.94. Thank you to all of those who attended and/or supported by donating prizes to the auction to raise funds for the Chairman Rebecca Black Trust. Members Loyalty Scheme New tills and software have been introduced over the past year to allow for better reporting on F&B sales through the Club Grandstand. Loyalty points are now being used, which is a common means of rewarding members who attend Riccarton Park on a regular basis. We have also installed in the Club Stand, wifi, which members can access for free, with the exception of New Zealand Cup Day. It is intended that wifi will be extended to the Show Gate and Tea House.
Canterbury Jockey Club Annual Report 2017 7 Treasurer’s Report 2016/17
A high level analysis of the Statement of Financial Performance insurance pay-out obviously more for the year ended 31 July 2017 reveals the following: than compensated for the downturn Net deficit from operations, prior to adjustments ($386,895) in the racing result. However, this is a one-off cash inflow. It is imperative Insurance pay-out for all buildings(except the that the deficit from racing be turned Grand National Stand & Club Grandstand) $2,121,432 around, and this year the Club’s Surplus before depreciation and other adjustments $1,734,537 management team will be focussed on that, among other things. Depreciation and other adjustments ($646,587) Two other “big ticket” items this financial year were: Surplus for the year $1,087,950 • The insurance issues on the Grand National Stand, which There were two major issues that have influenced the financial continue to be the subject of on-going discussions with our performance of the Club this year. These are: insurer, and are a source of major frustration. • The net deficit from operations rose from $91,873 to • The Housing Project has now been finalised with Ngai Tahu $386,895. The main reason for this was that the surplus from Properties Limited and the deposit has been paid to the Trustees race meetings fell as compared to the previous year. This was of the Christchurch Racecourse. This will allow the Trustees to almost entirely due to a disappointing result on New Zealand repay the Club’s advance, which enabled professional work to Cup Day 2016. The major reasons for the disappointing Cup be carried out. By the time of the Club’s AGM, ground will likely Day result were lower paid attendance due to bad weather, the have been broken on the first segment of the development. cost of compliance with the draconian liquor laws, and lower Our overall financial position continues to be strong. We have no nomination and acceptance fee revenue. long-term debt and our financial reserves are good. They consist • The Club received a significant pay-out of insurance on the of cash in hand and at bank of $20,000, short term investments of Main Totalisator, ancillary buildings, the Show Gate lounge, $3,137,000, longer term investments of $536,000, and an advance and the Club Grandstand. Many thanks to our insurance of $475,000 to the Christchurch Racecourse Reserve Trustees. broker, Paul Yesberg, who played a major role in this. The This gives a grand total of all funds amounting to $4,168,000,
8 Canterbury Jockey Club Annual Report 2017 which is $1,434,000 more than last year. But we must not be involves more “reach out” activities. complacent – we cannot continue to eat into our cash reserves Attractive race-day catering is a valuable component of the racing by sustaining operating deficits. Part of the proceeds from the experience for members and other attendees. It needs to be insurance pay-out have been ring-fenced and placed into a reserve competitively priced but also provide a contribution to financial for future investment in racecourse infrastructure. performance, and our full-time catering staff continues to provide Other financial aspects for the year include function and catering excellent food for race-days at reasonable prices. However, operations, training operations, New Zealand Thoroughbred increasing costs saw the race-day catering operation achieve Racing (‘NZTR’) race-day funding, capital expenditure, financial only a small surplus of $7,500, down from $74,500 last year. position and cash flow, Rangiora Racecourse, and prospects for Training operations the 2018 year. Riccarton Park has a substantial training operation. As at 31 Function and catering operations July 2017 there were 26 trainers using the facilities and around There was a deficit of $14,000 from conference and function 160 horses in training. Many of the 26 trainers were working operations. This is disappointing, both to the Board and to only a few horses. The mid-winter number of horses in training management. The function and catering business continues to is expected to pick up in during the season. Providing stables be under pressure, due to competition from new venues in the and facilities for trainers, and maintaining the training tracks Christchurch market, much lower liquor sales due partly to the is a significant and costly task, and the Club has been running new drink driving legislation, wage and food cost increases, and a deficit on the training operation for many years. While this the “tiredness” of some of our function spaces. is regarded by your Board as an investment in the future of The Operations Manager, Eric Cormack, and Commercial Riccarton Park as the major training centre in the South Island, Manager Chris Rowe and their teams will continue to work on the stable rentals and track fees were increased slightly this ways to improve the financial result. This includes upgrading year, to reduce the deficit after overheads. In addition to the physical facilities – which has already been started, the operating expenditure for training operations, there are reorganising the function and catering team, and innovative considerable capital expenditure requirements from time to marketing which not only targets the digital space but also time, including the building of new stables.
Canterbury Jockey Club Annual Report 2017 9 NZTR raceday funding position is very solid, having changed from $1,771,000 at 31 July Bulk funding, stake subsidies, and on-course commissions from 2016 to $2,057,000 at 31 July 2017, an increase of $286,000. NZTR are the major sources of revenue with which to fund racing This is accounted for as follows: operations. These totalled $7,193,000 in the 2017 financial year, Net cash inflows from operating activities $ 563,000 compared to $7,122,000 in 2016. This result needs to be read Net cash outflows for capital expenditures ($177,000) in the light of additional payments to owners, but continues an upward trend which has been evident for a few years now, and Net cash outflows for financing activities $0 is an encouraging development. Most notable during this year Cash increase for year $ 286,000 was the NZTR Board’s decision to increase minimum stakes from The major cash flow increases for operating activities related $7,000 to $10,000 from 31 March. to the earthquake insurance claims. Cash used for capital Capital expenditure expenditures was recorded net of grants received. The Club’s capital expenditure continued in this financial year Rangiora Racecourse and amounted to $277,000. This included just over $100,000 for The Club continues to invest money on the Rangiora Racecourse. improvements to buildings and $176,000 for plant, equipment, A number of trials meetings have held on the much improved and furniture etc. These capital expenditures were financed from track. This reflects the considerable successful efforts of the grants, insurance proceeds, and reserves. team managing the track. Total operating expenditure on the Financial position and cash flow venue was $180,000 and this was offset by income of $138,000. The statement of financial position reveals that the Club had The resulting deficit of $42,000 is regarded by your Board as an total equity of $10.5 million at 31 July 2017. This included $1.4 investment in Rangiora as a thoroughbred training, trials, and million from the amalgamated clubs. This total of $10.5 million racing facility. appears substantial, but $6.7 million of it is tied up in property, The earthquake repairs on both the administration stand and the plant and equipment. public grandstand at Rangiora have been completed, and resulted As mentioned previously, the Club’s cash and cash equivalent in a surplus this year of $23,000. This left an overall deficit of
10 Canterbury Jockey Club Annual Report 2017 $19,000 in relation to the Club’s interests in Rangiora. Finally, I would like to acknowledge the excellent work carried out Prospects for the 2018 year by your Financial Manager, Murray Jones, in carefully overseeing all aspects of the Club’s finances, and preparing regular financial Many challenges remain to ensure the continued financial viability reports for the Board. As most of you know, Murray retired on of your Club, and we are currently forecasting a small deficit for 22 August this year after 37 years’ service to the Club, and it 2017-18. The Club must continue to seek alternative non-racing has been a pleasure working with Murray, whose contribution income streams. The major additional income stream planned to the financial health of this Club over those 37 years has been for the future will be contributions from the Trustees based on invaluable. interest on funds generated by the housing project. However, Murray has been replaced by Gareth Murfitt, who brings these interest payments will not begin until approximately five considerable financial and operational expertise from his previous years has elapsed. position at the Ashburton cluster of thoroughbred and harness In the immediate future, we need to work towards a positive racing clubs, and will be an asset to our operation. financial operating result, especially in relation to New Zealand Cup Day, and to try to turn around the function and catering operation. Other issues to address will include: Bill Cotton Honorary Treasurer • Issues regarding the level of NZ Racing Board funding, and the flow-on effect on NZTR funding of the Club’s racing operations. • Continuing to seek sponsorship to add to race stakes. This has become increasingly vital in the face of the loss of gaming machine revenue. • Continuing to seek donations and grants to fund capital projects. The Club has been successful over the years in obtaining funding for capital projects. This will need to continue, as proceeds from insurance pay-outs are finite.
Canterbury Jockey Club Annual Report 2017 11 Chief Executive’s Report 2016/17
The Club continues to operate in very This is being addressed not only through the usual budgeting challenging and trying times. strategies but in a number of pro-active means. I was reflecting upon the time when A major review of the Club structure by an independent consultant our biggest concern for the profitable was undertaken starting in March and a new staffing structure operation of raceday was the weather or designed to focus the Club’s strategic direction and selling our a clash with a major rugby match. How I product lines has been implemented. wish that was still the case. Compliance This coincided with the retirement of our colleague and friend costs, Health & Safety, Liquor Licensing, Murray Jones in August 2017 after 37 years with the Club. I wish to earthquake damage and associated formally place on record the thanks of all workmates both past and insurance issues all place massive pressure on a tight budget and present to Murray for an outstanding contribution to the Club. His put extra cost into the Club’s operation. replacement is Gareth Murfitt who brings experience in hospitality, Quite rightly the industry through the leadership of NZTR has finance and racing to his role as ‘Business Services Manager’ working directed any additional funds into stake money, but, at some stage, with Julie Walsh, the Accounts Administrator. basic Club funding which has essentially been unchanged in recent Phil Leabourn is a new addition to the Club replacing Brent Smith years will need addressing to enable Clubs can pay for these and who resigned in October. Phil joins as Hospitality Manger under other rising costs which, after all, are necessary to enable the races the management of Eric Cormack the ‘Operations Manager’ along with the increased stakes to be run. with Martin Hediger the head Chef and his team and Tom Mooney This year New Zealand Cup Day faced what can be described as the Course Builder. almost the perfect storm. Liquor licensing requirements necessitated Chris Rowe as Commercial Manager heads a team comprising significantly increased expenditure. Miss-leading reporting in the Alison Robin, the Membership Manager, Alice Cameron, the Sales & selling period for tickets which suggested that ‘Cup Day’ would be ‘dry’ and a poor weather forecast combined to see a significant Events Co-ordinator, and Kym Berney, the Marketing & Promotions drop in sales and reduced income from the operation of our most Co-ordinator critical raceday. Jim Langan, the Racing Manager oversees the racing business with Consequently, along with other matters which will be addressed by Alan Chapman and his grounds team. the Treasurer, the Club recorded a significant deficit from operations. Earthquake repairs have taken place in the Club Grandstand and the
12 Canterbury Jockey Club Annual Report 2017 Board took the opportunity to bring forward planned maintenance The Mandy and Matt Brown trained filly had been dominant in to tie in with this work to give the facilities a fresh new marketable the NZ Bloodstock Canterbury Belle Stakes and the Barneswood look. Thanks to the Design Team for their clear overview and input. Farm Stakes at Ashburton in the lead up to the ‘Guineas’. In typical The Riccarton Park Function Centre has had to compete in recent fashion she settled back in the early running then looped the field years with many brand new facilities and this new look will allow and careered away out wide to win. Riccarton Park apprentice us to compete on more equal terms. Rasha Cuneen was entrusted with the ride and his only blemish Resolution was reached with the insurers in respect of the ancillary was to part company well after the winning post when pulling buildings and the Main Totalisator and a cash settlement reached. up – embarrassment aside he was uninjured The Board in this process did take the decision to demolish the Main • The 153rd running of the Christchurch Casino sponsored New Totalisator in July as the option and cost to repair and bring up to Zealand Cup was expected to be a one horse affair with punters code a non-functional building was not a realistic one. backing the Gold Club Metropolitan Trophy winner NYMPH However, countless hours are still being spent in indentifying and MONTE into an extremely short $1.80 favourite but it was not confirming earthquake damage, repair strategies and insurance to be. Cambridge trainer Ralph Manning who had previously won matters pertaining to the Grand National Stand. As stated last year the time honoured event in 1997 with LAUD PEREGRINE and way is a complicated and lengthy process as engineers for the insurers back in 1986 with OAK VUE had eight-year-old gelding PUMP UP and the Club strive to find common agreement so that repair works THE VOLUME primed after placing in the Kaponga Hotel Egmont can commence. A third party determination process was undertaken Cup and winning the Ricoh Feilding Cup and he prevailed in a tight to ‘break the stalemate’ so there is expectation there will be more finish over PERFECT START. traction in the 2017/18 year. Once again a huge thank you to Board • The roaring and cheering for UGO FOSCOLO came from two Members, Tom Toplis, Jeff McCall and Bill Cotton for making a an distinct camps – the owners, and the owners of the stallion extraordinary commitment to these matters. ZACINTO, with the common denominator being Our core purpose of being remains the racing and some amazing Christchurch’s Kevin Hickman who has a foot in both feats were recorded on the Riccarton Park Racecourse: camps. UGO FOSCOLO led all the way to win the Sothys NZ 2000 Guineas holding off Hickman’s • Punters got it right in the days Group 1 feature the gavelhouse.com other entrant SAVILE ROW with Group 1 winner 44th NZ 1000 Guineas when the Canterbury colours of ‘red and HEROIC VALOUR third. The colt ran the 1600 black’ were carried to victory in stunning fashion aboard LA DIOSA.
Canterbury Jockey Club Annual Report 2017 13 metres in 1-33.81, a time bettered only once before in the 44 skills, along with the support of his wife Tanya, have been invaluable running’s of the race and that was by XTRAVAGANT last year. over the past eight years and I can assure you, the membership, that • UPPER CUT not only jumped his way to victory in the Racecourse he has done you all proud and never wavered in his passion and commitment to the Canterbury Jockey Club. Hotel & Motor Lodge Grand National Steeplechase, he also jumped Mark Oulaghan to outright ownership of the title of ‘winningst Grand National trainer’. In 2016 the canny Awapuni based Tim Mills horseman prepared his fifth winner of the feature steeplechase Chief Executive with DEECEE SEVEN and COUNTER PUNCH both having won the race twice. • Not solely related to Riccarton Park but an outstanding highlight of the racing year was Chris Johnson winning the national jockeys premiership for the second time some 21 years after his first – a true legend! The Chairman will comment on the land use project in greater detail but the good news is that after seven years effort it has come to fruition. I sincerely thank the Chairman, Treasurer, the members of the Board and all members of staff who besides their regular duties continue to be committed to dealing with the extraordinary matters which faced the Club again in 2016/17 and will face the Club in the immediate future. I wish to make a special acknowledgement to Chairman Jeff McCall who served his last full year in that role during 2016/17. The matters referred to above have also changed the commitment required of the Chairman. Jeff’s calm, logical demeanour and his professional
14 Canterbury Jockey Club Annual Report 2017 Sponsors, Marketing & Members 2016/17
SPONSORS MARKETING • Sponsorship income reached $701,150, a good result and again • Christchurch City continues to support the Club via “NZ reflecting strong support for the Club. Cup and Show Week”. The investment of the city is greatly • The Club remain indebted to principle sponsors and supporters appreciated by those participating in the week and the Christchurch Casino, Coupland’s Bakeries, Sothys, New Zealand coordinated approach across codes and including the A&P Bloodstock and gavelhouse.com for their investment in our Show is the envy of all the other carnivals and events around major races. the Country. • Significant and valuable sponsor relationships were maintained • Social Media such as Facebook is becoming an increasingly with key suppliers Lion Breweries and Coca-Cola Amatil. important means of communication and connection with our • Valachi Downs (Kevin Hickman) continued as a major supporter customers. of the fillies and mares stakes races. • Marketing of the Club was still conducted through a number of • eStar continued as the sponsor of the Winter Cup in August. channels. Continuing to grow and generate income is the Club’s • The Racecourse Hotel & Motor Lodge have a strong relationship own website www.riccartonpark.co.nz. Ticket sales, account and with the Club, enhanced further with their continued Membership renewals are all significant via this mechanism. sponsorship of the Grand National Steeplechase. • Ticketing has continued to be enhanced via the relationship • Fashion continues to make an important contribution to Cup with innovative ticketing agency, Dash. Bar codes on the Week with Mondo World Travellers again joined Millennium Member cards and for raceday owners are just two of the Hotels and Resorts to present our event. Stacey Hanley and initiatives continued. Judd Marshall were the respective Men’s and Women’s winners. • Car Parks were again ‘presold’ into the ZM Radio Carriage Car • The Zacinto Stakes made an impact on spring racing Park for Cup day with over 150 being secured prior to the maintaining a $70,000 stake for this Listed event. day. This was a positive result as a new customer base is now • Barneswood Farm again sponsored the Welcome Stakes in growing for this offer where all alcohol is purchased on site November rather than being bought onto the course within the car. We • Craig Dawson supported the Great Autumn Handicap such that will be active again this year in proactively presenting this it was run for $60,000. offer as we will with the Grand National Lawn Car Park offer. • The Gold Club continues to have a loyal group of supporters • The Racing Industry Board has taken an increased role in recent who enjoy two wonderful days of hospitality on the course years with marketing initiatives such as “Christmas At The each year. Races”. The Club has benefited from this association and will
Canterbury Jockey Club Annual Report 2017 15 continue with December 8th scheduled for 2017. It is now one • The Beaumaris Room remains a facility reserved for Members of our most profitable racedays. and their Guests restricted to those with the official Club • We had a “Win $5000 Riccarton Park” culminating on Cup Day. cards displayed. This room is always popular with the glassed This provided an incentive over the lead in period to the week. frontage providing both excellent viewing and protection from David Stead won the roulette spin with number 14. the easterly winds. • The ‘Punters Challenge’ in Autumn saw the $4,000 cash prize • There is a function held each Friday night prior to the Club’s presented to Gus Wigley and friends who as “Dixies Cover Band” Grand National Racing Carnival and New Zealand Cup Meeting scooped the big prize. 30 teams entered. Saturdays. Originally designed to host trainers and owners the invitation has been extended to Members. The Board welcomes • The regular Saturday morning interview on Newstalk ZB with your attendance at these four functions. Tim Mills continues to profile our sport to the wider Canterbury • Anthony Gray won the popular “Members Passport” competition public. This is one of the more popular initiatives we undertake. for a sensational day at the races valued at $3,000. This promotion will continue in the new season with 10 Member MEMBERS Card “swipe” recordings via the till system again the threshold. • Demand to participate in the New Zealand Cup Meeting • The Club continues to communicate with members via e-mail. continues to grow. Members will again note that their annual Electronic communication is now the preferred means of contact by Members. subscription is more than covered by attendance on our biggest day. • Membership cards in the new season again contain a bar code for gate access on “charge’ days. This has resulted in significant cost savings as the “ticket booklet” is no longer required. • During the season we introduced a new till system into the Club Stand thus allowing the introduction of “Member Rewards” accrued via the Member card on food and beverage purchases. • The Show Gate Reserved Carpark continues to be fully subscribed. This very popular component of racing at Riccarton Park is under continued challenge from the Police and Liquor Licensing despite the changes enacted for the 2016/17 season.
16 Canterbury Jockey Club Annual Report 2017 Group & Listed Race Results 2016/17 eStar 119TH WINTER CUP Group 3 OPN HCP 1600m - $100,000 6 August Horse: MISS THREE STARS 8m, Perfectly Ready - Missy Owners: Three Star Syndicate Breeders: Ms J M & M J Crooks & Mrs BR Nettleton Trainer: Tommy Beckett Jockey: Samantha Wynne HOSPITALITY NEW ZEALAND CANTERBURY 127th GRAND NATIONAL HURDLES OPN HDL 4200m - $75,000 10 August First Serve was a popular winner of the Valachi Downs Canterbury Breeders Stakes for the Pitman stable and rider, Samantha Wynne on Coupland’s Bakeries Horse: NGARIO 10g, Captain Rio - Dame Ngaio Mile day. Owners: A J & Mrs C Bruce, P J & Mrs S L Kay Breeders: P J & Mrs S L Kay Trainer: Kevin Myers Jockey: Shaun Fannin RACECOURSE HOTEL & MOTOR LODGE 142ND GRAND NATIONAL STEEPLECHASE OPN STP 5600m - $75,000 13 August Horse: UPPER CUT 11g, Yamanin Vital - Volucidate Owners: M D Ormsby, A P Duncan, M K Oulaghan, S J Speedy & W L Scott Breeders: J E & Mrs S M Murray Trainer: Mark Oulaghan Inglewood studmaster, Gus Wigley was part of the winning syndicate claiming Jockey: Paul Hamblin the $4000 first prize in the annual “Punters Challege”
Canterbury Jockey Club Annual Report 2017 17 NEW ZEALAND BLOODSTOCK CANTERBURY BELLE STAKES Listed 3YOF SW 1200m - $50,000 17 September Horse: LA DIOSA 4m, So You Think - Star Affair Owners: Calder Bloodstock Ltd, G L Currie, Bruce Honeybone & Deborah Martin, M L Gibson, P B C Sipos & T W Archer Trust Breeders: T W Archer Trust Trainer: Mandy & Matt Brown Jockey: Racha Cuneen
ZACINTO STAKES Listed 3YO SW 1600m - $70,000 22 October Horse: HALL OF FAME 4c, Savabeel - Around The Clock Owners: Te Akau 24/7 Syndicate (Mgr: D C Ellis) Zacinto colt, Ugo Foscolo was a stunning winner of the Sothys New Zealand Breeders: M W O’Keeffe 2000 Guineas. Trainer: Stephen Autridge & Jamie Richards Jockey: Matthew Cameron SOTHYS 44TH NEW ZEALAND 2000 GUINEAS CHRISTCHURCH CASINO SPRING CLASSIC Group 1 3YO SW 1600m - $400,000 Listed OPN HCP 2000m - $50,000 5 November 22 October Horse: UGO FOSCOLO 4g, Zacinto - Bequests Horse: NYMPH MONTE 6g, Tavistock - Grove Nymph Owners: JML Bloodstock (Mgr: L Petagna), T Muollo, P W Owners: T Brooks, W L Dunn, G N Nicholson & A G Nugent O’Rourke, Ms R Phillippo, T I Bawden & KJ Hickman Breeders: Sir Patrick & Lady Hogan Breeders: Inglewood Stud (N.Z.) Ltd Trainer: Grant Nicholson Trainer: Stephen Marsh Jockey: Alysha Collett Jockey: Michael Coleman
18 Canterbury Jockey Club Annual Report 2017 GOLD CLUB METROPOLITAN TROPHY HANDICAP LINDAUER STEWARDS STAKES HANDICAP Listed OPN HCP 2500m - $75,000 Group 3 OPN HCP 1200m - $100,000 5 November 9 November Horse: NYMPH MONTE 6g, Tavistock - Grove Nymph Horse: REILLY LINCOLN 6m, Pins - Wailea Miss Owners: T Brooks, W L Dunn, G N Nicholson & A G Nugent Owners: Lincoln Farms Ltd Breeders: Sir Patrick & Lady Hogan Breeders: Lincoln Farms Ltd Trainer: Grant Nicholson Trainer: Lisa Latta Jockey: Danielle Johnson Jockey: Rosie Myers
YESBERG INSURANCE SERVICES PEGASUS STAKES HANDICAP VALACHI DOWNS CANTERBURY BREEDERS STAKES Listed OPN HCP 1000m - $50,000 Group 3 F&M SW+P 1400m - $80,000 5 November 9 November Horse: LADY ZAFIRA 7m, Iffraaj - Mary Robinson Horse: FIRST SERVE 4m, Swiss Ace - Fuar Owners: Lady Zafira Syndicate Owners: Pearl Fillies Syndicate Breeders: Mrs M A Wallace Breeders: Rich Hill Thoroughbreds Ltd & L Williams Trainer: John Bary Trainer: Michael & Matthew Pitman Jockey: Mark Du Plessis Jockey: Samantha Wynne
TH 12 COUPLAND’S BAKERIES MILE GAVELHOUSE.COM 44TH NZ 1000 GUINEAS Group 2 OPN HCP 1600m - $230,000 Group 1 3YOF SW 1600m - $300,000 9 November 12 November Horse: BATTLE TIME 5c, Battle Paint - Lady Of Oakview Horse: LA DIOSA 4m, So You Think - Star Affair Owners: A D Hayward Owners: Calder Bloodstock Ltd, G L Currie, Bruce Honeybone Breeders: A D Hayward & Deborah Martin, M L Gibson, P B C Sipos & Trainer: Tim & Margaret Carter T W Archer Trust Jockey: Sam Spratt Breeders: T W Archer Trust Trainer: Mandy & Matt Brown Jockey: Racha Cuneen
Canterbury Jockey Club Annual Report 2017 19 CHRISTCHURCH CASINO 153rd NEW ZEALAND CUP VALACHI DOWNS SOUTH ISLAND THOROUGHBRED Group 3 OPN HCP 3200m - $250,000 BREEDERS STAKES 12 November Group 3 F&M 1600m - $80,000 Horse: PUMP UP THE VOLUME 9g, Savabeel - Nat The Brat 25 March Owners: A B Coombe & R R Manning Horse: COULEE 6m, Gallant Guru - Cherry Creek Breeders: Waikato Stud 2001 Ltd Owners: B J Anderton ONZM, Mrs L E Anderton, G W Dickson, Trainer: Ralph Manning M W Hampton, The Diamond Syndicate, White Jockey: Kelly McCulloch Flash Syndicate & Woolshed Wednesday Syndicate Breeders: B J & Mrs L E Anderton BARNESWOOD FARM WELCOME STAKES Trainer: Brian & Shane Anderton Jockey: Jacob Lowry Listed 2YO SW 1000m - $50,000 12 Nov Horse: PROM QUEEN 3f, Super Easy - Finishing School Owners: K I Rae, G R Smith, R L Hancox, R H Bishop, H & S Whitehead, F O Hansen & D P McHugh Breeders: P Sells & Windsor Park Stud Ltd Trainer: Ken, Lisa Rae & Krystal Williams Jockey: Alysha Collett
SPEIGHT’S TIMARU STAKES Listed OPN HCP 1400m - $50,000 28 Jan Horse: MAYBE MIAMI 6g, Iffraaj - Miami Owners: B C Thomas Breeders: A W Jones & Mrs E W Morris Trainer: Kevin & Pam Hughes Prom Queen won both Listed races for the juviniles at Riccarton Park with the first Jockey: Samantha Collett celebration coming in November with the Barneswood Farm Welcome Stakes
20 Canterbury Jockey Club Annual Report 2017 CHRISTCHURCH CASINO EASTER CUP Listed OPN HCP 1600m - $50,000 8 April Horse: TOMMY TUCKER 9g, Gallant Guru - Lady Vital Owners: B J Anderton ONZM, Mrs L E Anderton & I J Nichol Breeders: B J & Mrs L E Anderton, Mrs G I & Est late T A Nichol Trainer: Brian & Shane Anderton Jockey: Jacob Lowry
NEW ZEALAND BLOODSTOCK AIRFREIGHT STAKES Listed 3YOF SW 1600m - $50,000 8 April Horse: SHOWEMUP 4m, Showcasing - Quizzical Owners: D J & S Mullally Breeders: Mrs I O’Shea & Waikato Stud Ltd Trainer: Sally McKay Showemup won the New Zealand Bloodstock Airfeight Stakes and was also Jockey: Kevin Kalychurun crowned South Island Filly of the Year
COCA-COLA CANTERBURY GOLD CUP Group 3 WFA 2000m - $100,000 22 April Horse: TOMMY TUCKER 9g, Gallant Guru - Lady Vital Owners: B J Anderton ONZM, Mrs L E Anderton & I J Nichol Breeders: B J & Mrs L E Anderton, Mrs G I & Est late T A Nichol Trainer: Brian & Shane Anderton Jockey: Jacob Lowry
Canterbury Jockey Club Annual Report 2017 21 NEW ZEALAND BLOODSTOCK WARSTEP STAKES Listed 3YOF SW 2000m - $50,000 22 April Horse: NIKITA 4m, Shamoline Warrior - Springburn Owners: Mrs J M & T M Henderson & KRD Racing Pty Ltd Breeders: Mrs J M & T M Henderson Trainer: Shaune Ritchie Jockey: Samantha Collett
SPEIGHT’S MID ALE GREAT EASTER STAKES Listed OPN HCP 1400m - $50,000 6 May Horse: TWOZNOTENOUGH 7m, Sakhee’s Secret - Middlebrook Owners: B Appley, N J Climo, R T Cribb, J R Gray, M W Haase, N Lucas, S T Moffett, G C Pease & S A Sharrock The “Jumps Jockey Reunion” on 2016 Grand National day was a success. Here Breeders: Gillovic Bloodstock Ltd previous winners of the Steeplechase enjoy the event. Trainer: Les Didham Jockey: Leah Hemi
BERKLEY STUD CHAMPAGNE STAKES Listed 2YO SW 1200m - $50,000 6 May Horse: PROM QUEEN 3f, Super Easy - Finishing School Owners: K I Rae, G R Smith, R L Hancox, R H Bishop, H & S Whitehead, F O Hansen & D P McHugh Breeders: P Sells & Windsor Park Stud Ltd Trainer: Ken, Lisa Rae & Krystal Williams Jockey: Alysha Collett
22 Canterbury Jockey Club Annual Report 2017 Table of Contents
Statement of comprehensive revenue and expense 24 Statement of changes in equity 25 Statement of financial position 26 Statement of cash flows 27 Notes to the financial statements 28 1. Basis of Preparation 28 2. Revenues and direct costs & expenses 29 3. Other operating expenses 31 4. Finance income and costs 31 5. Cash and cash equivalents 32 6. Receivables 32 7. Inventories 32 8. Investments in associates and joint ventures 33 9. Other financial assets 33 10. Other assets 33 11. Property, plant and equipment 34 12. Trade and other payables 35 13. Commitments and contingencies 35 14. Financial instruments 35 15. Reserves 36 16. Related parties 36 17. Subsequent events 37 Independent auditor’s report 38-39
Canterbury Jockey Club Annual Report 2017 23
Statement of comprehensive revenue and expense Canterbury Jockey Club (Inc) Statement of comprehensive revenue and expense ForFor the the yearyear ended ended 31 July 31 2017 July 2017
2017 2016 Note $ $ Revenue Race meeting revenues 2.1 9,656,383 9,800,565 Function catering sales 2.2 912,267 1,058,472 Rendering of services 2.3 439,875 407,469 Other operating revenue 2.4 2,349,081 224,629 Non -exchange revenues 2.5 76,270 122,630 Finance revenue 4.1 63,939 91,282 Total operating revenue 13,497,815 11,705,047
Expenses Race meeting costs and expenses 2.1 8,559,695 8,379,684 Function catering cost of sales 2.2 926,218 1,025,642 Other operating expenses 3 2,893,266 2,874,008 Total operating and other expenses 12,379,179 12,279,334
Net operating surplus / (deficit) 1,118,636 (574,287)
Gains / losses on sale of Fixed Assets Gain on sale of Fixed Assets - - Loss on sale of Fixed Assets (11,801) (2,292) Share of surplus/(deficit) of Rangiora Racecourse operations 8 (18,885) 28,256 (net)Total other gains / (losses) (30,686) 25,964
Net surplus / (deficit) for the year 1,087,950 (548,323)
Net surplus / (deficit) attributable to: Canterbury Jockey Club (Inc) 1,087,950 (548,323) Net surplus / (deficit) for the year 1,087,950 (548,323) Total comprehensive revenue and expense for the year 1,087,950 (548,323)
TheThe above above statement statement of of comprehensive comprehensive revenue revenue and and expense expense should should be be read read in in conjunction conjunction wi withth the the accompanying accompanying notes notes and and independent auditors report. independent auditors report. 24 Canterbury Jockey Club Annual Report 2017
Canterbury Jockey Club (Inc.) Annual Report 2017 3
Statement of changes in equity Canterbury Jockey Club (Inc.) Canterbury Jockey Club (Inc) ForStatement the year of changes ended in 31 equity July 2016 For the year ended 31 July 2017
Accumulated comprehensive revenue & Note expense Reserves Total equity $ $ $
Balance as at 1 August 2015 8,737,418 1,231,306 9,968,724
Net surplus/(deficit) for the year (548,323) - (548,323) Movements and transfers in reserves 0 - 0 Balance as at 31 July 2016 8,189,095 1,231,306 9,420,401
Net surplus/(deficit) for the year 1,087,950 - 1,087,950 Other comprehensive revenue and expense - - - Movements and transfers in reserves (935,240) 935,240 - Balance as at 31 July 2017 8,341,805 2,166,546 10,508,351
The above statement of changes in equity should be read in conjunction with the accompanying notes and independent auditors report.
The above statement of changes in equity should be read in conjunction with the accompanying notes and independent auditors report.
Canterbury Jockey Club Annual Report 2017 25
Canterbury Jockey Club (Inc.) Annual Report 2017 4
Canterbury Jockey Club (Inc) Statement of financial position of financial positionCanterbury Jockey Club (Inc.) As at 31 July 2017
For the year ended 31 July 2017 2017 2016 Note $ $ Current assets Cash and cash equivalents 5 3,156,909 1,770,852 Receivables from exchange transactions 6 300,878 316,044 Inventories 7 72,860 59,142 Other current assets 10 507,647 64,918 Total current assets 4,038,294 2,210,956
Non-current assets Property, plant and equipment 11 6,749,140 7,010,980 Other financial assets 9 535,749 963,594 Total non-current assets 7,284,889 7,974,574
Total assets 11,323,183 10,185,530
Current liabilities Taxes and transfers payables 12 . 1 - 2,509 Payables under exchange transactions 12 . 2 666,311 560,563 Employee entitlements 12 . 3 148,521 169,598 Total current liabilities 814,832 732,670
Total liabilities 814,832 732,670
Net assets 10,508,351 9,452,860
Equity attributable to: Canterbury Jockey Club (Inc) 10,508,351 9,420,401
Total equity 10,508,351 9,420,401
th For and on behalf of the members of the board, who authorised for issue these financial statements on 8 September 2017 For and onJeffrey behalf of McCallthe Board, who authorised for issue these financial statements on 8thTimothy September 2017 Mills
Chairman Chief Executive Officer The above statement of comprehensive revenue and expense should be read in conjunction with the accompanying notes and independent auditors report.
26 Canterbury Jockey Club Annual Report 2017
Jeffery McCall Timothy Mills Chairman Chief Executive Office
The above statement of financial position should be read in conjunction with the accompanying notes and independent auditors report.
Canterbury Jockey Club (Inc.) Annual Report 2017 5
CanterburyStatement Jockey Club (Inc) of cash flowsCanterbury Jockey Club (Inc.) Statement of cash flows For the year ended 31 July 2017 For the year ended 31 July 2017 2017 2016 Note $ $ Cash flows from operating activities Cash was received from: Receipts from race meetings and other operating activities 13,654,394 12,170,603 Interest received 34,440 42,917
Cash was applied to: Payments to suppliers and employees (13,126,257) (12,461,191)
Net cash flows from operating activities 562,577 (247,671)
Cash flow s from investing activities Cash was received from: Proceeds from disposal of property, plant and equipment - 9,000 Grants for capitalised projects - 47,000
Cash was applied to: Payments for purchase of property, plant and equipment (276,520) (212,000)
Net cash flow s from investing activities (276,520) (156,000)
Cash flows from financing activities Cash was applied to: Advance to Christchurch Racecourse Reserve Trustees - -
Net cash flow s from financing activities - -
Net Increase / (Decrease) in Cash 286,057 (403,671) Opening Cash 1,770,852 2,174,523 Closing Cash 5 2,056,909 1,770,852
This is represented by: Cash on hand and in bank 19,591 32,914 Short term deposits 3,137,318 1,737,938 Cash and cash equivalents at end of the period 3,156,909 1,770,852
The above statement of changes in equity should be read in conjunction with the accompanying notes and independent auditors report.
The above statement of cash flows should be read in conjunction with theC aanterburyccompanying Jo notesckey Candlub independent Annual R auditorseport 2017 27 report.
Canterbury Jockey Club (Inc.) Annual Report 2017 6
Notes to the financial statementsCanterbury Jockey Club (Inc.)
For the year ended 31 July 2017 Measurement basis The financial statements have been prepared on a historical cost basis, 1. BASIS OF PREPARATION and are presented in New Zealand dollars which is also the Club’s functional currency. Reporting entity Going concern The Canterbury Jockey Club (Inc.) (henceforth, “the Club”) is incorporated under the Incorporated Societies Act 1908. The primary objective of The financial statements have been prepared on a going concern basis. the Club is to promote, conduct and control thoroughbred racing and Changes in accounting policies is registered with the New Zealand Thoroughbred Racing Code (“the There have been no changes in accounting policies. Code”) consistent with the Code’s constitution. The Club is a recognised industry organisation in accordance with the Racing Act 2003. Significant accounting judgements, estimates and assumptions The financial statements presented are for the Club for the year The preparation of the Club’s financial statements requires ended 31 July 2017 and were authorised for issue by the Chairman on management to make judgements, estimates and assumptions 8 September 2017. that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures. Uncertainty about these Statement of compliance assumptions and estimates could result in outcomes that may require The financial statements have been prepared in accordance with the a material adjustment to the carrying amount of assets or liabilities Racing Act 2003, which requires compliance with generally accepted affected in future periods. The judgements, estimates and assumptions accounting practice in New Zealand (“NZ GAAP”). are evaluated on a regular and continuing basis, including expectations As the primary objective of the Club is not towards making financial of future events, to a reasonable extent to assess their implication on returns but the promotion, conduct and control of thoroughbred reported revenues, expenses, assets, liabilities and disclosures in the racing, it has designated itself as a not-for-profit public benefit entity financial statements. (PBE) for financial reporting purposes. The Club has elected to report In the process of applying the Club’s accounting policies, management in accordance with the Tier 2 Racing PBE accounting standards on the has made the following judgements, which have the most significant basis that it is not publicly accountable and not considered large for effect on the amounts recognised in the financial statements: financial reporting purposes. • Advance to Christchurch Racecourse Reserve Trustees The financial statements of the Club comply with the Public Benefit This advance is to assist with development costs for the racecourse Entity Standards Reduced Disclosure Regime (PBE Standards RDR) land.. There is no security held over the balance owed by the Trust. as appropriate for Tier 2 Racing not-for-profit entities and disclosure As at reporting date, management is of the view that the advance concessions have been applied. will be recoverable in full.
28 Canterbury Jockey Club Annual Report 2017
2. REVENUES AND DIRECT COSTS & EXPENSES
Revenue is recognised to the extent that it is probable that the economic benefits or service potential will flow to the Club and it can be reliably measured, regardless of when the payment is being made. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes or duty.
Revenues are classified as to whether they arise from an exchange or non-exchange transactions. An exchange transaction is one in which the Club receives assets or services, or has liabilities extinguished, and directly gives approximately equal value to another entity in exchange and includes sale of goods, rendering of services and charges for the use of the Club’s assets (e.g., interest and dividends). The Club recognises revenue from exchange transactions when the revenue recognition criteria Notes to the financial statements continued mentioned above are satisfied.
A non-exchange transaction is any other transaction not classified as exchange.
Income taxes 2.1 Race2.1 meeting Race revenue meeting and expenses revenue and expenses
The Club is exempt from New Zealand income tax pursuant to section 2017 2016 CW 47(2) of the Income Tax Act 2007. Note $ $ Industry profit distribution 6,901,650 6,810,800 2. REVENUES AND DIRECT COSTS & EXPENSES On-course totalisator income 290,928 311,021 Race meeting sponsorships 701,150 669,008 Revenue is recognised to the extent that it is probable that the economic Raceday catering sales 872,834 850,834 benefits or service potential will flow to the Club and it can be reliably Race book sales 15,124 21,628 measured, regardless of when the payment is being made. Revenue is Admission & privilege fees 416,944 607,737 Nomination & acceptance fees 457,753 529,537 measured at the fair value of the consideration received or receivable, Total race meeting revenues 9,656,383 9,800,565 taking into account contractually defined terms of payment and Stakes 6,240,763 6,148,251 excluding taxes or duty. Advertising and promotions 407,458 419,750 Direct race meeting operating costs 345,725 334,727 Revenues are classified as to whether they arise from an exchange or Raceday catering cost of sales and non-exchange transactions. An exchange transaction is one in which expenses 865,292 776,257 the Club receives assets or services, or has liabilities extinguished, and NZRB charges 57,500 57,500 directly gives approximately equal value to another entity in exchange Other race meeting costs 401,119 413,329 Salaries and w ages (direct) 241,838 229,870 and includes sale of goods, rendering of services and charges for the use Total race meeting costs & expenses 8,559,695 8,379,684 of the Club’s assets (e.g., interest and dividends). The Club recognises Net race meeting surplus/(deficit) 1,096,688 1,420,881 revenue from exchange transactions when the revenue recognition criteria mentioned above are satisfied. Race day catering : A non-exchange transaction is any other transaction not classified as Sales 872,834 850,834 exchange. Cost of sales : Purchases of inventory items 354,824 318,703 Other direct and overhead costs 510,468 457,554 Cost of sales 865,292 776,257
Net surplus sale of goods race day catering 7,542 74,577
Race meetingRace revenues meeting comprise revenues the amounts comprise received or receivable the amounts for services received provided andor goodsreceivable sold that fordirectly relate to race meeting events conducted by the Club during the financial year. These primarily include industry distributions from the New Zealandservices Racing Board provided (NZRB) and and the Codegoods and othersold receipts that thatdirectly directly relaterelate to the to Club’s race race meeting meeting activities from membersevents of the Club conducted (aside from membershipby the Club fees duringincluded inthe other financial operating income) year. and These third parties primarily in the form of grants and subsidies. include industry distributions from the New Zealand Racing Board The Club incur(NZRB)red certain and direct the costs Code and expenses and inother conducting receipts its race meetingthat directlydays and recognises relate theseto theas costs and expenses when incurred regardless of when the payment is made unless they qualify for recognition as asset. Direct costs and expenses on race meeting days are presented below excluding depreciation expenses which are included as part of other Canterbury Jockeyoperating Club expenses Annual in R noteeport 3. 2017 29
Canterbury Jockey Club (Inc.) Annual Report 2017 8
2.22.2 Revenue Revenue from from sale sale of of goods goods and and cost cost o fo salef sales s
RevenueRevenue from from the the sale sale of of goods goods is isrecognised recognised when when the the significant significant risks risks and and rewards rewards of of ownership ownership of of the the goods goods have have passed passed to to thethe buyer buyer and and the the amount amount can can be be measured measured reliably reliably and and it itis isprobable probable that that the the economic economic benefits benefits or or service service potential potential associatedassociated with with the the transaction transaction will will flow flow to to the the Club Club. .
TheThe direct direct costs costs and and expenses expenses incl includeduded in in this this table table relate relate to to purchases purchases of of inventory inventory items items and and other other directly directly attributable attributable costs costs onon acquiring acquiring the the inventories inventories sold. sold.
20172017 20162016 NoteNote $$ $$
FunctionFunction catering catering 912,267 912,267 1,058,472 1,058,472
TotalTotal sales sales of of goods goods 912,267 912,267 1,058,472 1,058,472
CostCost of of Sales: Sales:
FunctionsFunctions : : PurchasesPurchases of of inventory inventory items items 254,544 254,544 239,869 239,869 OtherOther direct direct and and overhead overhead costs costs 685,392 685,392 759,824 759,824 OpeningOpening inventory inventory 8 8 59,142 59,142 85,091 85,091 Less:Less: Closing Closing inventory inventory 8 8 (72,860)(72,860) (59,142)(59,142) CostCost of of sales sales functions functions 926,218 926,218 1,025,642 1,025,642 Notes to the financial statements continued
Net surplus sale of goods function catering (13,951) 32,830 Net surplus sale of goods function catering (13,951) 32,830 Club’s race meeting activities from members of the Club (aside from 2.3 Revenue from rendering of services
membership fees included in other operating income) and third parties The Club performed various services including course and venue rental in the form of grants and subsidies. 2.32.3 Revenue Revenue from from rendering rendering of of services services to members of the Club and other third parties. Costs and expenses The Club incurred certain direct costs and expenses in conductingTheThe its Club Club performed performedrelated various various to these services services revenues including including course course are and includedand venue venue rental rental in to note to members members 3. of of the the Club Club and and other other third third parties. parties. Costs Costs andand expenses expenses related related to to the thesese revenues revenues are are included included in in note note 3. 3. race meeting days and recognises these as costs and expenses when incurred regardless of when the payment is made unless they qualify 20172017 20162016 for recognition as asset. Direct costs and expenses on race meeting days NoteNote $$ $$ are presented below excluding depreciation expenses which are included RentalRental revenues revenues 237,740 237,740 203,160 203,160 as part of other operating expenses in note 3. TrackTrack fees fees & &secretarial secretarial 202,135 202,135 204,309 204,309 Total revenue on rendering of services 439,875 407,469 Total revenue on rendering of services 439,875 407,469 2.2 Revenue from sale of goods and cost of sales
Revenue from the sale of goods is recognised when the significant2.42.4 Other Other operating operating revenue revenue risks and rewards of ownership of the goods have passed to the buyer 2.4 Other operating revenue 2.2 Revenue from sale of goods and cost of sales 20172017 20162016 and the amount can be measured reliably and it is probable that the Note $ $ Revenue fromeconomic the sale of goods benefits is recognised or service when the significantpotential risks associated and rewards of ownershipwith the of transaction the goods have passed to Note $ $ the buyer and the amount can be measured reliably and it is probable that the economic benefits or service potential BadBad debts debts recovered recovered 174 174 - - associated withwill the flow transaction to thewill flow Club. to the Club. InsuranceInsurance payout payout 2,121,432 2,121,432 - -
The direct costsThe and direct expenses costs included and in expensesthis table relate included to purchases in of this inventory table items relate and other to directlypurchases attributable costsMembers Members subscriptions subscriptions and and other other fees fees 227,475 227,475 224,629 224,629 Total other operating revenue 2,349,081 224,629 on acquiring ofthe inventoryinventories sold. items and other directly attributable costs on acquiring Total other operating revenue 2,349,081 224,629 the inventories sold. 2.5 Revenue from exchange & non-exchange transactions 2017 2016 2.5 Revenue from non-exchange transactions Note $ $ 2.5 TheRevenue Club from receives non-exchange various transactions grants and donations which are classified as
TheThe Club Club receives receivesnon-exchange various various grants grants andrevenue and donations donations due which which to are aretheir classified classified nature. as as non non -exchange-exchange revenue revenue due due to to their their nature. nature. Function catering 912,267 1,058,472GrantsGrants and and donations donations received received that that have have no no requirement requirement to to return return any any unutilised unutilised funds, funds, even even if ifthey they are are designated designated for for a a specificspecific purpose, purpose,Grants are are recognised andrecognised donations as as reve revenuenue receivedimmediately immediately uponthat upon receipt. havereceipt. no requirement to return any Total sales of goods 912,267 1,058,472GrantsGrants and and donationsunutilised donations received received funds, that that contractually evencontractually if they require require are the the returndesignated return of of any any unutilised unutilised for afunds fundsspecific are are only only recognisedpurpose, recognised as as arerevenue revenue to to thethe extent extent that that performance performance obligations obligations are are met met and and funds funds have have been been utilised utilised for for the the required required purpos purpose.e. Amounts Amounts received received but but unutilised at recognisedreporting date are as therefore revenue recognised immediately as liabilities dueupon to the receipt. return obligation in the contract. Cost of Sales: unutilised at reporting date are therefore recognised as liabilities due to the return obligation in the contract.
Grants and donations received that contractually require the return of Functions : any unutilised funds are only recognised as revenue to the extent that Purchases of inventory items 254,544 239,869 Other direct and overhead costs 685,392 759,824 performance obligations are met and funds have been utilised for the Opening inventory 8 59,142 85,091 required purpose. Amounts received but unutilised at reporting date Less: Closing inventory 8 (72,860) (59,142) are therefore recognised as liabilities due to the return obligation in Cost of sales functions 926,218 1,025,642CanterburyCanterbury Jockey theJockey contract.Club Club (Inc.) (Inc.) Annual Annual Report Report 2017 2017 9 9
The Club’s revenues from exchange and non-exchange transactions are Net surplus sale of goods function catering (13,951) 32,830 detailed in the following table.
anterbury ockey lub nnual eport 2.3 Revenue30 from rendering of services C J C A R 2017
The Club performed various services including course and venue rental to members of the Club and other third parties. Costs and expenses related to these revenues are included in note 3.
2017 2016 Note $ $ Rental revenues 237,740 203,160 Track fees & secretarial 202,135 204,309 Total revenue on rendering of services 439,875 407,469
2.4 Other operating revenue
2017 2016 Note $ $ Bad debts recovered 174 - Insurance payout 2,121,432 - Members subscriptions and other fees 227,475 224,629 Total other operating revenue 2,349,081 224,629
2.5 Revenue from non-exchange transactions
The Club receives various grants and donations which are classified as non-exchange revenue due to their nature. Grants and donations received that have no requirement to return any unutilised funds, even if they are designated for a specific purpose, are recognised as revenue immediately upon receipt. Grants and donations received that contractually require the return of any unutilised funds are only recognised as revenue to the extent that performance obligations are met and funds have been utilised for the required purpose. Amounts received but unutilised at reporting date are therefore recognised as liabilities due to the return obligation in the contract.
Canterbury Jockey Club (Inc.) Annual Report 2017 9
The Club’s revenues from exchange and non-exchange transactions are detailed in the following table.
2017 2016 The Club’s revenues from exchange and non-exchange transactions are detailed in the following table. Note $ $
Other subsidies, grants and donations 201751,800 201650,630 Gaming subsidies and other revenues Note $ 24,470 $ 72,000 Total non-exchange revenues 76,270 122,630 Other subsidies, grants and donations 51,800 50,630 Gaming subsidies and other revenues 24,470 72,000 Industry profit distribution 2.1 6,901,650 6,810,800 Total non-exchange revenues 76,270 122,630 On-course totalisator income 2.1 290,928 311,021 Race meeting sponsorships 2.1 701,150 669,008 Industry profit distribution 2.1 6,901,650 6,810,800 Other race meeting income 2.1 889,821 1,158,902 On-course totalisator income 2.1 290,928 311,021 Sale of goods 2.2 1,785,101 1,909,306 Race meeting sponsorships 2.1 701,150 669,008 Sale of services 2.3 439,875 407,469 Other race meeting income 2.1 889,821 1,158,902 Other exchange revenue 2.4 2,349,081 224,629 Sale of goods 2.2 1,785,101 1,909,306 Finance income 4.1 63,939 91,282 Sale of services 2.3 439,875 407,469 Total exchange revenues 13,421,545 11,582,417 Other exchange revenue 2.4 2,349,081 224,629 The Club also receivesFinance income services in kind from members and external4.1 parties and although63,939 these are greatly91,282 valued, such types of revenues areTotal usually exchange difficult to revenues measure. As such, these revenues are not included13,421,545 in the Club’s financial 11,582,417 statements.
Th3. e OTHERClub also OPERATING receives services EXPE inNSES kind from members and external parties and although these are greatly valued, such types of revenues are usually difficult to measure. As such, these revenues are not included in the Club’s financial statements. Costs and expenses relating to the overall costs of running the Club include staff time, office space, rental, information 3.technologyOTHERand OPERATING asset costs. EXPETheseNSES are recognised as incurred and are presented in the table below. This includes portion of Notes to the financial statements continued salaries and wages and depreciation and amortisation expenses incurred in relation to the revenues generated by the Club; all The Club’s revenues from exchange and non-exchange transactions are detailed in the following table. Cotherosts directand expenses costs andrelat expensesing to the are overall presented costs in of note running 2. the Club include staff time, office space, rental, information technology and asset costs. These are recognised as incurred and are presented in the table below. This includes portion of salaries and wages and depreciation and amortisation expenses incurred in relation to the revenues generated by the Club; all 2017 2016 2017 2016 other direct costs and expenses are presented in note 2. Note $ $ Note $ $
Other subsidies, grants and donations 51,800 50,630 Depreciation and amortisation 2017 526,559 2016 501,130 Gaming subsidies and other revenues 24,470 72,000 Grants, subsidies and donations Note $ - $ - Total non-exchange revenues 76,270 122,630 Salaries and w ages 1,129,746 1,100,019 FunctionDepreciation catering and amortisationCOS and expenses 526,559 - 501,130 - Grants, subsidies and donations - - Industry profit distribution 2.1 6,901,650 6,810,800 Advertising and promotions 26,127 29,434 Salaries and w ages 1,129,746 1,100,019 On-course totalisator income 2.1 290,928 311,021 Repairs and maintenance 557,130 471,770 InsuranceFunction catering COS and expenses 194,193- 159,015- Race meeting sponsorships 2.1 701,150 669,008 AuditAdvertising fees and promotions 26,127 9,000 29,434 9,350 Other race meeting income 2.1 889,821 1,158,902 OtherRepairs fees and paid maintenance to auditor 557,130 - 471,770 - Sale of goods 2.2 1,785,101 1,909,306 ConsultantsInsurance fees 194,193 21,160 159,015 - 2.3 Sale of services 439,875 407,469 Stationery,Audit fees printing and postage 28,0899,000 27,8689,350 Other exchange revenue 2.4 2,349,081 224,629 BadOther debts fees expensepaid to auditor - 2,556- Finance income 4.1 63,939 91,282 InventoryConsultants w rite-dowfees n 21,160 - - Total exchange revenues 13,421,545 11,582,417 OtherStationery, operating printing expenses and postage 401,26228,089 572,86627,868 TotalBad debts other expense operating expenses 2,893,266- 2,874,0082,556 The Club also receives services in kind from members and external parties and although these are greatly valued, suchInventory types w rite-dow n - - of revenues are usually difficult to measure. As such, these revenues are not included in the Club’s financial statements.Other operating expenses 401,262 572,866 Total other operating expenses 2,893,266 2,874,008 3. OTHERThe OPERATING Club EXPEalsoNSES receives services in kind from members and external4. FINANCE 4. INCOME FINANCE AND COSTS INCOME AND COSTS Costs and expensespartiesrelat anding toalthough the overall coststhese of running are greatly the Club includevalued, staff such time, office typesspace of, rental,revenuesinformation4.1 Finance revenue technology andare asset usuallycosts. difficultThese are recognised to measure. as incurred As such,and are these presented revenues in the table are below not. This included includes4. FINANCE portion4.1 INCOMEof Finance AND COSTS revenue salaries and wages and depreciation and amortisation expenses incurred in relation to the revenues generatedInterest by the revenue Club; primarilyall arises from investments in banks in the form of cash and term deposits. The Club also has investmentsInterest in loans and revenue advances andprimarily portfolio investments arises from of interest investments-bearing instruments in banks for which in interestthe form is earned during other direct costsin the and Club’s expenses financial are presented statements. in note 2. 4.1 Finance revenue the term of theof investment.cash and term deposits. The Club also has investments in loans and Interest revenue primarily arises from investments in banks in the form of cash and term deposits. The Club also has 2017 2016investmentsadvances in loans and advancesand portfolio and portfolio investments investments of interest of interest-bearing-bearing instruments forinstruments which interest is for earned during 2017 2016 3. OTHER OPERATING EXPENSES the term of the investment. Note $ $ which interest is earned during the termNote of the investment..$ $ Costs and expenses relating to the overall costs of running the Club Interest from bank and term deposits 63,939 91,282 Depreciation and amortisation 526,559 501,130 2017 2016 include staff time, office space, rental, information technology and asset Total finance revenue 63,939 91,282 Grants,costs. subsidies These areand donationsrecognised as incurred and are presented- in the table- Note $ $ Salaries and w ages 1,129,746 1,100,019 Interest from bank and term deposits 63,939 91,282 Functionbelow. catering This includes COS and portionexpenses of salaries and wages and- depreciation and- Total finance revenue 63,939 91,282 Advertisingamortisation and promotions expenses incurred in relation to the 26,127revenues generated29,434 Repairsby the and Club; maintenance all other direct costs and expenses are557,130 presented in note471,770 2. Insurance 194,193 159,015 Audit fees 9,000 Canterbury9,350 Jockey Club (Inc.) Annual Report 2017 10 Other fees paid to auditor - - Consultants fees 21,160 - Canterbury Jockey Club (Inc.) Annual Report 2017 10 Stationery, printing and postage 28,089 27,868 Bad debts expense - 2,556 Inventory w rite-dow n - - Other operating expenses 401,262 572,866 Total other operating expenses 2,893,266Canterbury Jo2,874,008ckey Club Annual Report 2017 31
4. FINANCE INCOME AND COSTS
4.1 Finance revenue
Interest revenue primarily arises from investments in banks in the form of cash and term deposits. The Club also has investments in loans and advances and portfolio investments of interest-bearing instruments for which interest is earned during the term of the investment.
2017 2016 Note $ $ Interest from bank and term deposits 63,939 91,282 Total finance revenue 63,939 91,282
Canterbury Jockey Club (Inc.) Annual Report 2017 10 5. CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash at bank and in hand and short-term deposits.
2017 2016 Note $ $ 5. CASH AND CASH EQUIVALENTS Cash on hand 2,100 2,100 Cash and cashCash equivalents in bank comprise cash at bank and in hand and short-term deposits17,491. 30,814 Short-term deposits 3,137,318 1,737,938 Foreign currency accounts 2017 - 2016 - Total cash and cash equivalents Note 3,156,909$ 1,770,852$ Cash on hand 2,100 2,100 Cash in bank 17,491 30,814 6. RECEIVABLES Short-term deposits 3,137,318 1,737,938 ReceivablesForeign are initially currency recognised accounts at the fair value of the amount to be received and subsequently- measured at- amortised cost less anyTotal provision cash for and impairment cash equivalents loss due to being uncollectible. Impairment3,156,909 is assessed if there is 1,770,852objective evidence that the customer cannot settle the amount due to the Club.
6.TheRECEIVABLES Club also provides an estimate of potential collectability based on past experience and maintains a provision for impairment against receivables. Any bad debts are recognised in surplus or deficit and the amount of receivables adjusted to Receivablestheir net realisable are initiallyvalue. recognisedIf such bad at debts the fairare value subsequently of the amount recovered to be ,received they are and recognised subsequently as gains measured on the dateat amortised they are costcollected less any by theprovision Club. for impairment loss due to being uncollectible. Impairment is assessed if there is objective evidence that the customer cannot settle the amount due to the Club. Notes to the financial statements continued Receivables from non-exchange transactions include committed grants and subsidies from external parties or assets donated Thebut noClut byet also physically provides transferred an estimate as of of potential balance collectabilitydate and for whichbased theon pastClub experiencehas legal and and contractual maintains righta provision over said for assets. impairmentThe following against table receivables.summarises Anythe Club’sbad debts receivables are recognised from exchange in surplus and or nondeficit-exchangeand the transactions.amount of receivables adjusted to their net realisable value. If such bad debts are subsequently recovered, they are recognised as gains on the date they are 5. CASH AND CASH EQUIVALENTS collected by the Club. 2017 2016 Note $ $ Receivables from non-exchange transactions include committed grants and subsidies from external parties or assets donated Cash and cash equivalents comprise cash at bank and in hand butand not yet physically transferred as of balance date and for which the Club has legal and contractual right over said assets. 5. CASH AND CASH EQUIVALENTS Receivables from exchange transactions short-term deposits. The followingTrade table receivablessummarises the Club’s receivables from exchange and non - exchange 188,101 transactions. 184,646 Cash and cash equivalents comprise cash at bank and in hand and short-term deposits. Insurance receivables 18,232 44,282 Other receivables 2017 124,545 2016 117,116 2017 2016 Provision for doubtful accounts Note $(30,000) $(30,000) Note $ $ Receivables from exchange transactions Cash on hand 2,100 2,100 TradeTotal receivablesnet realisable value of receivables 188,101 300,878 184,646 316,044 Cash in bank 17,491 30,814 Insurance receivables 18,232 44,282 Short-term deposits 3,137,318 1,737,938 7. INVENTORIESOther receivables 124,545 117,116 Foreign currency accounts - - Provision for doubtful accounts (30,000) (30,000) Total cash and cash equivalents 3,156,909 1,770,852Inventory is7. measured INVENTORIES at cost upon initial recognition. For inventory acquired through non-exchange transactions , the cost of the inventory is its fair value at the date of donation. TotalInventory net realisable is measured value of receivablesat cost upon initial recognition.300,878 For inventory316,044 6. RECEIVABLES After initial recognition,acquired inventories through held non-exchange for resale are valued transactions at the lower of cost , the and cost net realisable of the value.inventory Receivables6. are RECEIVABLESinitially recognised at the fair value of the amount to be received and subsequently measured7. at INVENTORIESamortisedis its fair value at the date of donation. cost less any provision for impairment loss due to being uncollectible. Impairment is assessed if there is objective evidence that 2017 2016 Inventory is measured at cost upon initial recognition. For inventory acquired through non-exchange transactions , the customer cannot settle the amount due to the Club. Note $ $ Receivables are initially recognised at the fair value of the amountthe costto of theAfter inventory initialis its fairrecognition, value at the date inventories of donation. held for resale are valued at the The Club alsobe provides received an estimate and ofsubsequently potential collectability measuredbased on past at experience amortised and maintains cost aless provision any for Foodlower and of beverage cost and net realisable value. 69,984 56,340 impairment provisionagainst receivables. for impairmentAny bad debts are loss recognised due to in surplusbeing or uncollectible. deficit and the amount Impairment of receivablesAfter isadjustedinitial recognition,Disposables to inventories held for resale are valued at the lower of cost and net2,876 realisable value. 2,802 their net realisable value. If such bad debts are subsequently recovered, they are recognised as gains on the date they areTotal inventories at net realisable value 72,860 59,142 collected byassessed the Club. if there is objective evidence that the customer cannot settle 2017 2016 the amount due to the Club. Note $ $ Receivables from non-exchange transactions include committed grants and subsidies from external parties or assets donated but not yet physicallyThe Club transferred also asprovides of balance datean andestimate for which theof Clubpotential has legal andcollectability contractual right overbasedsaid assetsFood. and beverage 69,984 56,340 The following table summarises the Club’s receivables from exchange and non-exchange transactions. Disposables 2,876 2,802 on past experience and maintains a provision for impairment against Total inventories at net realisable value 72,860 59,142 receivables. Any bad debts are recognised in surplus2017 or deficit2016 and the amount of receivables adjusted to theirNote net realisable$ value. If such$ bad Receivablesdebts are subsequentlyfrom exchange transactionsrecovered, they are recognised as gains on the Trade receivables 188,101 184,646 Insurancedate they receivables are collected by the Club. 18,232 44,282 OtherReceivables receivables from non-exchange transactions include124,545 committed grants117,116 Provision for doubtful accounts (30,000) (30,000) and subsidies from external parties or assets donated but not yet Totalphysically net realisable transferred value of as receivables of balance date and for300,878 which the Club316,044 has legal and contractual right over said assets. 7. INVENTORIESThe following table summarises the Club’s receivables from exchangeCanterbury Jockey Club (Inc.) Annual Report 2017 11 Inventory isand measured non-exchange at cost upon initial transactions. recognition. For inventory acquired through non-exchange transactions , the cost of the inventory is its fair value at the date of donation.
After initial recognition,32 inventories held for resale are valued at the lower of cost and netC realisableanterbury value. Jockey Club Annual Report 2017 Canterbury Jockey Club (Inc.) Annual Report 2017 11 2017 2016 Note $ $ Food and beverage 69,984 56,340 Disposables 2,876 2,802 Total inventories at net realisable value 72,860 59,142
Canterbury Jockey Club (Inc.) Annual Report 2017 11 8. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
The Club holds interest in Rangiora Racecourse over which the Club exercises significant influence demonstrated by its ability to participate in, but not control, the financial and operating policy decisions of the investees. The Rangiora Racecourse operations are outlined in the table below and the share of assets detailed in note 11.
2017 2016 Income : Donation Rangiora Supporters 980 4,313 Donation NCTOA - 1,500 NZTR Training track grant 10,000 10,000 Other 4,157 2,500 Rent 59,657 67,804 Surplus from trials 13,386 20,449 Track fees - trials 13,335 8,920 Track fees - training 36,490 40,921 Gaming Trust grant - 8,750 138,005 165,157 Less Expenditure: Maintenance w ages 30,457 29,469 Overheads 40,415 40,228 R&M buildings & grounds 37,786 32,479 Track maintenance 22,107 38,858 Track w ages 48,976 47,873 179,741 188,907
Operating deficit (41,736) (23,750)
Earthquake Consequence Income: Insurance earthquake damage buildings 28,522 362,982 Refund strengthening Administration Stand - 41,911 28,522 404,893 Expenditure: Earthquake repairs to stands 5,670 352,887
Notes to the financial statements continued Net Earthquake Consequence 22,852 52,006
Surplus/(deficit) after Earthquake Consequence(18,884) 28,256 8. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES 9. OTHER FINANCIAL ASSETS The Club holds interest in Rangiora Racecourse over which the Club exercises9. OTHER FINANCIAL ASSETS significant influence demonstrated by its ability to participate in, but not 2017 2016 8. INVESTMENTScontrol, IN ASSOC theIATES financial AND JOINT and VENT operatingURES policy decisions of the investees. Note $ $ The Club holds interestThe in Rangiora Rangiora Racecourse Racecourse over which operations the Club exercises are outlined significant influencein the tabledemonstrated below by andits ability Term deposits 535,749 488,125 to participate in, but not control, the financial and operating policy decisions of the investees. Loans and advances - 475,469 The Rangiora Racecourse operations are outlined in the table below and the share of assets detailed in note 11. the share of assets detailed in note 11. Total other financial assets 535,749 963,594 2017 2016 Income : Term deposits The Club has investments in term deposits with banks for which interest revenue is recognised during the term of the Donation Rangiora Supporters 980 4,313 Term deposits investment. Donation NCTOA - 1,500 NZTR Training track grant 10,000 10,000 Investments inThe debt Club securities has investments in term deposits with banks for which interest Other 4,157 2,500 The Club holdsrevenuefixed-rated is bonds recognised and floating during-rate notes thedebt term security ofinvestments the investment.held primarily for earning interest. Rent 59,657 67,804 Surplus from trials 13,386 20,449 Investments in debt securities Track fees - trials 13,335 8,920 Track fees - training 36,490 40,921 The Club holds fixed-rated bonds and floating-rate notes debt security Gaming Trust grant - 8,750 investments held primarily for earning interest. 138,005 165,157 Less Expenditure: Maintenance w ages 30,457 29,469 Overheads 40,415 40,228 10. OTHER ASSETS10. OTHER ASSETS R&M buildings & grounds 37,786 32,479 Canterbury Jockey Club (Inc.) Annual Report 2017 12 Track maintenance 22,107 38,858 2017 2016 Track w ages 48,976 47,873 Note $ $ 179,741 188,907 Current Prepayments 23,878 32,459 Operating deficit (41,736) (23,750) Loans and advances 475,469 - GST refund 8,300 - Earthquake Consequence Income: Total other current assets 507,647 64,918 Insurance earthquake damage buildings 28,522 362,982 Loans and advances Refund strengthening Administration Stand - 41,911 The Club has Loansadvanced and funds advancesto the Racecourse Reserve Trustees (unsecured) to assist in funding racecourse development. 28,522 404,893 Details of loans and advances to related parties are discussed further in note 16. Expenditure: The Club has advanced funds to the Racecourse Reserve Trustees Earthquake repairs to stands 5,670 352,887 (unsecured) to assist in funding racecourse development. Details of
Net Earthquake Consequence 22,852 52,006 loans and advances to related parties are discussed further in note 16.
Surplus/(deficit) after Earthquake Consequence(18,884) 28,256
Canterbury Jockey Club Annual Report 2017 33 9. OTHER FINANCIAL ASSETS
2017 2016 Note $ $ Term deposits 535,749 488,125 Loans and advances - 475,469 Total other financial assets 535,749 963,594
Term deposits The Club has investments in term deposits with banks for which interest revenue is recognised during the term of the investment.
Investments in debt securities The Club holds fixed-rated bonds and floating-rate notes debt security investments held primarily for earning interest.
Canterbury Jockey Club (Inc.) Annual Report 2017 12
Canterbury Jockey Club (Inc.) Annual Report 2017 13 Notes to the financial statements continued
11. PROPERTY, PLANT AND EQUIPMENT service potential expected from its use. Gains and losses on disposals are Property, plant and equipment is measured initially at cost which determined by comparing the proceeds with the carrying amount and includes expenditure that is directly attributable to the acquisition are included in the statement of comprehensive revenue and expense. of the asset. The cost of an item of property, plant and equipment is 11. PROPERTY, PLANT AND EQUIPMENT Depreciation recognised only when it is probable that future economic benefit or Depreciation is charged at rates calculated to allocate the cost of the service potentialProperty, plant associated and equipment with is measured the iteminitially atwill cost whichflow includes to the expenditure Club thatand is directlyif attributable to the acquisition of the asset. The cost of an item of property, plant and equipment is recognised only when it is probable that future economic benefit or service potential associated with theasset item willless flow anyto the Clubestimated and if the cost residual or fair value value can be measuredover its reliably. remaining Subsequent useful costs life. the cost orthat fair meet value the recognition can becriteria measured are recognised reliably. in the carrying Subsequent value of the item costs of property, that plant and equipment. The assets’ residual values, useful lives and depreciation methods, are meet the recognition criteria are recognised in the carrying value of the An item of property, plant and equipment is derecognised upon disposal or when the Club assesses thatreviewed it has no further and econo adjusted,mic benefits if orappropriate, service potential expeat eachcted from financial its use. Gains yearand losses end. on item of property,disposals are plant determined and by equipment. comparing the proceeds with the carrying amount and are included in the statement of comprehensive revenue and expense.. An item ofDepreciation property, plant and equipment is derecognised upon disposal Depreciation is charged at rates calculated to allocate the cost of the asset less any estimated residual value over its remaining useful life. The assets' residual values, useful lives and depreciation or when themethods Club, are assesses reviewed and that adjusted it, ifhas appropriate, no further at each financialeconomic year end. benefits or
Opening balances Current year movements Closing balances Estimated Acc. Acc. useful life Cost / depreciation / Carrying Disposals / Impairment Cost / depreciation / Carrying used for valuation impairment amount Additions Transfers charges Depreciation Revaluation valuation impairment amount depreciation $ $ $ $ $ $ $ $ $ $ $ Land 758,334 758,334 - - - - - 758,334 - 758,334 not depreciated Land improvements ------Buildings 9,093,116 (3,604,083) 5,489,033 100,286 - - (346,726) - 9,193,402 (3,950,809) 5,242,593 15-50 Plant and machinery 4,077,383 (3,313,770) 763,613 176,234 (11,801) (179,833) - 4,241,816 (3,493,603) 748,213 2-15 years 13,928,833 (6,917,853) 7,010,980 276,520 (11,801) - (526,559) - 14,193,552 (7,444,412) 6,749,140
34 Canterbury Jockey Club Annual Report 2017
Canterbury Jockey Club (Inc.) Annual Report 2016 14 12. TRADE AND OTHER PAYABLES
The Club’s payables are classified into taxes and payables from non-exchange transactions and payables under exchange transactions or trade payables.
12.1 Taxes and payables from non-exchange transactions
2017 2016 Note $ $ GST payable - 2,509 Total taxes and non-exchange payables - 2,509
12.2 Payables under exchange transactions
2017 2016 Note $ $ Accounts payable and accruals 526,141 429,893 Subscriptions in advance 140,170 130,670 Total taxes and transfers payables 666,311 560,563
12.3 Employee entitlements
Liabilities for wages and salaries (including non-monetary benefits) and annual leave in surplus or deficit during the period in which the employee rendered the related services, and are generally expected to be settled within 12 months of the reporting Notes to the financial statements continued date.
2017 2016 Note $ $ 12. TRADE AND OTHER PAYABLES Salaries13. COMMITMENTS and w ages payable AND CONTINGENCIES44,077 48,900 Other employee entitlements 104,445 120,698 The Club’s payables are classified into taxes and payables from non- Total 13.1 employee Non-cancellable entitlements operating lease commitments148,521 - Club as 169,598lessee exchange transactions and payables under exchange transactions or 12. TRADE AND OTHER PAYABLES The Club has an unquantified commitment to the excess on insurance 12. TRADEtrade AND OTHER payables. PAYABLES The Club’s payables are classified into taxes and payables from non-exchange transactions and payables underThe exchange amountpayments above does not to include undertake remuneration earthquake to members of repairsthe Committee to whichnumerous are included buildings in other liabilities. on transactions or trade payables. The Club’s payables 12.1 are Taxesclassified and into taxespayables and payables fromfrom non-exchange non-exchange transactions transactionsand payables under13. COMMITMENTSexchangethe racecourse. AND CONTINGENCIES transactions or trade payables. 12.1 Taxes and payables from non-exchange transactions 12. TRADE AND OTHER PAYABLES 13.1 Non-cancellableOther than operating this lease and commitments the lease - Club commitments as lessee below the club has no 12.1 Taxes and payables from non-exchange transactions 2017 2016 The Club hasother an unquantified commitments commitment and to the contingencies.excess on insurance Thepayments following to undertake tableearthquake shows repairs the to numerous The Club’s payables are classified into taxes and payables from nonNote-exchange transactions$ and payables$ under exchange transactions or trade payables. 2017 2016buildings onminimum the racecourse. payments relating to lease contracts as at reporting date: GST payable Note $ - $ 2,509Other than this and the lease commitments below the club has no other commitments and contingencies. The following table 12.1 Taxes and payables from non-exchange transactions shows the minimum payments relating to lease contracts as at reporting date: GSTTotal payable taxes and non-exchange payables - - 2,5092,509 Total taxes and non-exchange payables - 2,509 2017 2016 12.2 Payables under exchange transactions 2017 2016 Note $ $ Note $ $ 12.2 Payables 12.2 under Payables exchange transactionsunder exchange transactions GST payable 2017 - 2016 2,509 Within one year 31,420 33,152 Note $ $ Total taxes and non-exchange payables 2017 - 2016 2,509 After one year but not more than five years 45,452 76,872 More than five years - - Accounts payable and accruals Note 526,141$ 429,893$ Total lease commitments as lessee 76,872 110,024 12.2 PayablesSubscriptions under exchange in advance transactions 140,170 130,670 Accounts payable and accruals 526,141 429,893 Total taxes and transfers payables 666,311 560,563 Subscriptions in advance 2017 140,170 2016 130,670 Note $ $ 12.3 EmployeeTotal entitlements taxes and transfers payables 666,311 560,563
Accounts payable and accruals 526,141 429,893 Liabilities12.3 Employee for wages andentitlements salaries (including non-monetary benefits) and annual leave in surplus or deficit during the period in Subscriptions in advance 140,170 130,670 which the employee 12.3 rendered Employee the related entitlements services, and are generally expected to be settled within 12 months of the reporting Liabilitiesdate. for wagesTotal and taxes salaries and transfers(including non payables-monetary benefits) and annual leave666,311 in surplus or deficit560,563 during the period in which the employeeLiabilities rendered for the wages related and services, salaries and are (including generally expected non-monetary to be settled within benefits) 12 months ofand the reporting14. FINANCIAL INSTRUMENTS date.12.3 Employeeannual entitlements leave in surplus or deficit during the period2017 in which the employee2016 Note $ $ 14.1 Categories of financial instruments Liabilities forrendered wages and salariesthe related (including services,non-monetary and benefits) are andgenerally annual leave2017 expected in surplus or to deficit be during2016settled the period in which the employeeSalarieswithin renderedand 12 w months ages the payable related of services, the reporting and are generally date.Note expected to be$ 44,077settled within 12 months$48,900 of the reportingThe Club recognises financial instruments when it becomes a party to date. Other employee entitlements 104,445 120,698 the instruments. Material financial instruments include cash and cash SalariesTotal employee and w ages entitlements payable 148,52144,077 169,59848,900 Other employee entitlements 2017104,445 2016120,698 equivalents, short term deposits, term investment bonds, receivables Total employee entitlements Note $148,521 $ 169,598 and creditors. All financial instruments are recognised initially at fair The amountS abovealaries does and notw ages include payable remuneration to members of the Committee which 44,077 are included in other 48,900liabilities. value and subsequently at amortised cost. Other employee entitlements 104,445 120,698 The13. COMMITMENTSamount above does AND not CONT includeINGENCIES remuneration to members of the Committee which are included in other liabilities. Total employee entitlements 148,521 169,598 The following table summarises the categories of the Club’s financial 13.1 3.1COMMITMENTSNon-cancellable AND operating CONT INGENCIESlease commitments - Club as lessee Canterbury Jockeyinstruments. Club (Inc.) Annual Report 2016 15 The amount above does not include remuneration to members of the 1The3.1 ClubamountNon -hascancellable above an unquantified does operating not include commitment lease remuneration commitments to the excess to membe - onClub insurancers ofas the lessee Committee payments whichto undertake are includedearthquake in other repairs liabilities. to numerous buildings onCommittee the racecourse. which are included in other liabilities. TheOther13. COMMITMENTSClub than has this an and unquantified the AND lease CONT commitments commitmentINGENCIES tobelow the excessthe club on has insurance no other paymentscommitments to undertake and contingencies.earthquake The repairs following to numerous table buildingsshows the on minimum the racecourse. payments relating to lease contracts as at reporting date: Other13.1 Non than-cancellable this and the operating lease commitments lease commitments below the club - Club has as no lessee other commitments andCanterbury contingencies. Jo cThekey following Club A tablennual Report 2017 35 shows the minimum payments relating to lease contracts as at reporting date: 2017 2016 The Club has an unquantified commitment to the excess on insuranceNote payments to$ undertake earthquake $repairs to numerous buildings on the racecourse. 2017 2016 Other than Withinthis and one the yearlease commitments below the club has no other commitments31,420 and contingencies. The33,152 following table Note $ $ shows the minimumAfter one payments year but relating not more to lease than contractsfive years as at reporting date: 45,452 76,872 WithinMore than one fiveyear years 31,420- 33,152- AfterTotal onelease year commitments but not more than as lessee five years 201776,87245,452 2016110,02476,872 More than five years Note $ - $ - TotalWithin leaseone year commitments as lessee 31,42076,872 110,02433,152 After one year but not more than five years 45,452 76,872 More than five years - - Total lease commitments as lessee 76,872 110,024
Canterbury Jockey Club (Inc.) Annual Report 2016 15
Canterbury Jockey Club (Inc.) Annual Report 2016 15
Canterbury Jockey Club (Inc.) Annual Report 2016 15
14. FINANCIAL INSTRUMENTS
14.1 Categories of financial instruments
The Club recognises financial instruments when it becomes a party to the instruments. Material financial instruments include cash and cashNotes equivalents, to the short financial term deposits, statements term investment continued bonds, receivables and creditors. All financial instruments are recognised initially at fair value and subsequently at amortised cost.
The following table summarises the categories of the Club’s financial instruments.
2017 2016 16. RELATED PARTIES Note $ $ 16.1 Transactions and balances with related parties Loans and receivables Cash and cash equivalents 5 3,156,909 1,770,852 The Club transacted with Members and the Board during the year. Trade and other receivables 6 300,878 316,044 These transactions were on normal commercial terms. No related party Term deposits 9 535,749 488,125 transactions were written off. Loans and advances 10 475,469 475,469 16.2 Transactions and balances with key management personnel Total other financial assets 4,469,005 3,050,490
Financial liabilities at amortised cost Key management personnel of the Club include the members of the Trade and other payables 13 814,832 732,670 Board and various sub-committees of the Club, the Chief Executive and Executive Management Team who exercise control or significant Total other financial liabilities 814,832 732,670 influence over the financial and operating decision-making of the Club. 15. RESERVES For purposes of financial reporting disclosures, the Club also considers
Special Projects Reserve transactions with close members of the key management personnel’s The Board has resolved to identify the net insurance proceeds from the demolition of the Members Grandstand in a Specialfamily as related party transactions. Projects Reserve15. to meetRESERVES the costs of any earthquake strengthening that might be required to other buildings, the re- establishment of the Members Grandstand Site and future development of the property. Special Projects Reserve Transactions Amalgamated Clubs' contribution The Board has resolved to identify the net insurance proceeds from the Key management personnel may also be members of the Club and pay The net assets of the respective Clubs have been advanced to the Canterbury Jockey Club (Inc.) as loans on demand andmembership are fees and other fines and charges on the same rate and interest free. demolition of the Members Grandstand in a Special Projects Reserve to As the chancemeet or practicalities the costs of these of anyloans earthquakeever being called strengthening is remote, in accordance that with might accounting be required standards, theyterms have as charged to other members who are not key management been reclassified to equity as a special reserve. personnel. In addition, members of the Club may have interest in racing to other buildings, the re- establishment of the Members Grandstand 16. RELATEDSite PART andIES future development of the property. through ownership, breeding, training, driving or similar capacity. Key management personnel and close members of their family may also 16.1 Transactions and balances with related parties Amalgamated Clubs’ contribution join races and be eligible for stake money from the Club under normal The Club transacted with Members and the Board during the year. These transactions were on normal commercial terms.trade No terms and conditions applicable to other persons not otherwise related party transactionsThe net wereassets written of off. the respective Clubs have been advanced to the Canterbury Jockey Club (Inc.) as loans on demand and are interest free. considered key management personnel.
16.2 TransactionsAs the and chance balances or with practicalities key management of personnelthese loans ever being called is remote, With the exception of the regular fees and charges, compensation Key management personnel of the Club include the members of the Board and various sub-committees of the Club, the (discussedChief below) and race-related transactions under normal terms, Executive andin Executive accordance Management with Team accounting who exercise standards, control or significant they haveinfluence been over thereclassified financial and operatingto decision-makingequity of the Club.as a For special purposes reserve. of financial reporting disclosures, the Club also considers transactions with closethere have been no other transactions between the Club and its key members of the key management personnel’s family as related party transactions. management personnel and close members of their families during the
Transactions year (2016: nil) Key management personnel may also be members of the Club and pay membership fees and other fines and charges on the same rate and terms as charged to other members who are not key management personnel. In addition, members of the Club may have interest36 in racing through ownership, breeding, training, driving or similar capacity.Canterbury Key management Jockey personnel Club Annual and Report 2017 close members of their family may also join races and be eligible for stake money from the Club under normal trade terms and conditions applicable to other persons not otherwise considered key management personnel.
With the exception of the regular fees and charges, compensation (discussed below) and race-related transactions under normal terms, there have been no other transactions between the Club and its key management personnel and close members of their families during the year (2016: nil)
Remuneration
The amounts disclosed in the following table are recognised as an expense during the reporting period related to key management personnel. They did not receive any remuneration or compensation other than in their capacity as key
Canterbury Jockey Club (Inc.) Annual Report 2016 16
Notes to the financial statements continued
Remuneration 17. SUBSEQUENT EVENTS The amounts disclosed in the following table are recognised as an There were no significant events and transactions subsequent to the expense during the reporting period related to key management reporting date. personnel. They did not receive any remuneration or compensation other than in their capacity as key management personnel (2016: nil). The Club has 5 key management personnel, determined on full-time equivalent basis, which received compensation from the Club during management personnel (2016: nil). The Club has 5 key management personnel, determined on full-time equivalent basis, which receivedthe compensation year (2016: from 5the key Club managementduring the year (201 personnel).6: 5 key management personnel).
2017 2016 Note $ $
Salaries and other short term benefits 490,360 482,977 Close members of the family, salaries and short term benefits - - Termination benefit - - Total paid to key management personnel 490,360 482,977
The Club did not provide any compensation at non-arm’s length terms to KMPs and close family members of KMPs during the year (2016: Thenil). The Club Club didhas nonot long provide-term benefits any for compensationits key management personnel.at non-arm’s length terms
to KMPs and close family members of KMPs during the year (2016: nil). 17. SUBSEQUENT EVENTS The Club has no long-term benefits for its key management personnel. There were no significant events and transactions subsequent to the reporting date.
Canterbury Jockey Club Annual Report 2017 37
Canterbury Jockey Club (Inc.) Annual Report 2016 17
Auditor’s Report
Independent Auditor’s Report To the Members of Canterbury Jockey Club (Inc.)
Opinion Basis of Opinion We have audited the financial statements of Canterbury Jockey We conducted our audit in accordance with International Standards Club Inc. (the Club) on pages 24 to 37, which comprise the on Auditing (New Zealand) (ISAs (NZ)). Our responsibilities statement of financial position as at 31 July 2017 and the under those standards are further described in the Auditor’s statement of comprehensive revenue & expense, statement Responsibilities for the Audit of the Financial Statements section of changes in equity and statement of cash flows for the year of our report. We are independent of the Club in accordance then ended, and notes to the financial statements, including a with Professional and Ethical Standard 1 (Revised) Code of Ethics summary of significant accounting policies. for Assurance Practitioners issued by the New Zealand Auditing In our opinion, the accompanying financial statements of the and Assurance Standards Board, and we have fulfilled our other Club on pages 24 to 37 present fairly, in all material respects, the responsibilities in accordance with these requirements. We financial position of the Club as at 31 July 2017 and its financial believe that the audit evidence we have obtained is sufficient and performance and its cash flows for the year then ended with appropriate to provide a basis of our opinion. Public Benefit Club Standards Reduced Disclosure Regime issued Other than in our capacity as auditor, we have no relationship by the New Zealand Accounting Standards Board. with, or interests in, Canterbury Jockey Club (Inc.).
38 Canterbury Jockey Club Annual Report 2017 Board’s Responsibilities for the Financial Statements conducted in accordance with ISAs (NZ) will always detect a The board is responsible for the preparation and fair presentation material misstatement when it exists. Misstatements can arise of these financial statements in accordance with Public Benefit from fraud or error and are considered material if, individually or Club Standards Reduced Disclosure Regime issued in New in the aggregate, they could reasonably be expected to influence Zealand by the New Zealand Accounting Standards Board, and the economic decisions of users taken on the basis of these for such internal control as the board determines is necessary to financial statements. enable the preparation of financial statements that are free from A description of our auditor responsibilities can be viewed on material misstatement, whether due to fraud or error. the website of the External Reporting Board. In preparing the financial statements, the board is responsible https://www.xrb.govt.nz/Site/Auditing Assurance Standards/ on behalf of the Club for assessing the Club’s ability to continue Current Standards/Description Auditors Responsibilities.aspx as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless those charged with governance either intends to liquidate the Club or to cease operations, or have no realistic alternative but to do so. ASHTON WHEELANS Auditor’s Responsibilities for the Audit of the Chartered Accountants Financial Statements Level 2 Our objectives are to obtain reasonable assurance about whether 83 Victoria Street the financial statements as a whole are free from material Christchurch misstatement, whether due to fraud or error, and to issue an Ph: +64 3 366 7154 auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit Dated: 8th September 2017
Canterbury Jockey Club Annual Report 2017 39 City Members as at September 2017 Canterbury Jockey Club (Inc.)
HONORARY LIFE MEMBERS Mr Hughes H 1976 Mr Ward J R 1946 Mr Higgs Mervyn 1981 Mr Sutherland R 1979 Mr Beemsterboer Ger 2009 Mr Acklin Murray Mr Hutt P W 1974 Mr White Peter D 1977 Mrs Holdem C L 1990 Mr Thomas W D (Bill) 1982 Ms Begg Janet 2006 Mr Cordner P J 1970 Mrs Hutton Constance 1946 Mr White Richard 1975 Mr Illingworth D C R 1983 Mr Thompson John 1980 Mr Begg Robert 2004 Mr Coupland Ray 1981 Mr Hutton George 1962 Mr Wigley J R 1974 Mr Ireland H R K 1993 Miss Turner Julie Mr Behrns Tommy 2010 Mr Kinley B D 1962 Mr Iggo Murray 1968 Dr Wilkinson P 1976 Mr Jenkins Kevin 1994 Mr Ullrich John Mr Bell Andrew 2012 Mr Murtha Reon 2007 Mr Johnson R B 1958 Dr Williamson Katie 2013 Mr Johnson R W M Mr Vieceli B J 1979 Mr Bell Ian 2011 Mr Ritchie G F 1981 Mr Johnston R H M 1964 Mr Young D A 1968 Mr Johnston Peter Mr Waddell JA 1974 Mr Bell Kevin 1992 Mr Jones Murray 2017 Mr Kelleher Daniel Mr Watson Barry 1979 Mrs Bell Suzanne 2004 HONORARY Mr Kennedy Patrick 1969 LIFETIME Mr Kelleher Timothy 1996 Mrs Westenra Louise Mrs Benge Melissa 2011 Mrs Abbott M A 1962 Dr Kerr M M 1980 Mr Abbott David M 1993 Mr Kelly F M Mr Willetts Stuart 1983 Mr Bennett Gordon 2007 Mrs Annear C L 1973 Mr Latham W D 1971 Mrs Anderson N 1986 Mr Kennedy Brian 1967 Mr Williams John 1984 Ms Bennington Jill 2007 Mrs Archdale A 1962 Mr Macfarlane Neil 1972 Mr Arbuckle J O 1983 Mrs Kerr Jan 1991 Mr Young David 1990 Mr Benoit Ross 2009 Miss Auton Barbara 1977 Mr Malaquin Keith 1975 Mrs Austin Elizabeth 2015 Mr Kyle R H S Mr Young N G A 1962 Mr Berard Raymond 2014 Mr Barr S J 1971 MANORSHIRE STUD 1976 Mr Austin Jnr J E 1991 Mr Le Vaillant Brian Mrs Bethell D 1999 Mr Black B H 1962 Mr McCormick H M A 1962 Mr Ballin E 1970 Mr Lewisham R E MEMBERS Mr Bethell H D Mrs Black W A M 1961 Mrs McDermott E T 1943 Mr Barber Warner 1990 Mrs Lindsay J W 1982 Mr Abbott William 2012 Mr Bethell P. Graham 2011 Mr Booth David 1962 Mrs McKellar I E O 1956 Miss Beck Donna Mr Luke Trevor 1998 Mr Abraham Phil 2011 Mr Betts J M 1994 Mr Bowden John 1976 Mr McKenzie Grant 1974 Mr Birch R A 1990 Mr MacKenzie C F Mr Adams Barry 2013 Mr Bickley Graeme 1991 Mrs Brown Jeanette 1965 Mr McKenzie Russell 1974 Mr Brookfield Kevin 1986 Mr McArdle R 1975 Mr Adamson Peter 2016 Mr Birss Russell 2003 Mr Burdon W G 1962 Mr McLeod Bruce 1975 Mrs Brookman Theo 1999 Mr McCall C W 1973 AgPac Ltd 2000 Mr Bishop Richard 2016 Mrs Cameron P M 1973 Mr Meyers Humphrey 1962 Mr Brown J C 1991 Mr McCall Jeff 1990 Mrs Aldridge Alison 2009 Dr Bishop W J 1992 Mr Campbell Graeme 1977 Mr Monck J C P 1966 Mr Browne C G (Aussie) 1982 Mr McCarthy J J 1977 Mr Alexander D K 1998 Mr Black Chris 2000 Mr Carr Lynden 1970 Mr Moore H C B (Bruce) 1967 Mr Burrows T F 1974 Mrs McDonald Vonnie 1959 Mr Allison Peter 1991 Mr Blacktopp Phillip 2010 Mrs Clarkson Melva 2011 Mr Morris Anthony 1970 Mr Butterfield John 1990 Mr McKay C L 1998 Mr Andersen Hans 1981 Mrs Blackwell Sandra 2016 Sir Clifford Bt Roger 1962 Mr Nurse R W 1956 Mrs Chilton M 1984 Mr McLeish M D 1982 Mr Anderson Ross 2010 Mr Boeyen Paul 2008 Mrs Coull Anna 1956 Mr Page P R 1968 Mr Clarkson David WG 2004 Mr McPherson Allister 2000 Mrs Andrews Lynne 2014 Colonel Boissard Michael 1995 Mr Dalley R D 1964 Mrs Page Rosemary 1962 Mr Connolly Bernie 1983 Mr Munro J D 1975 Mr Appley Ben 2014 Mr Bollen Ronald 1997 Mr de Latour G P A (Peter) 1958 Mr Parfitt C J 1974 Mr Cox C L 1981 Mr Nichol John Ms Appleyard Jo 2006 Mr Bonifant S T H 1995 Mrs Dewar Diana 1962 Mr Petrie G A 1973 Mrs Donlon Margaret 1981 Mr Nolan P B 1987 Mrs Archer Muriel 1983 Mrs Boock Maria 1994 Mr Dickson J S 1975 Mrs Pope Helen 1975 Mr Douglas D 1985 Mrs O’Sullivan J N 1997 Mr Armon Noel 2008 Mrs Boon Amanda 2009 Mr Dods L J 1970 Mr Quayle Kelvin 1971 Mr Douglas Michael J 2000 Mr Park Darryll 1986 Mr Arthur Donald 2016 Mrs Booth Cassandra 2001 Mr Douglas J C 1969 Mrs Ragg Gwen 1962 Mr Douglass O G 1985 Mr Parr Eric T 1986 Mrs Atkinson B L 1985 Mr Botherway J 2002 Mr Douglas John MS 1966 Mrs Richards Nellie 1971 Mr Egden J P G 1979 Mr Petherbridge Desmond 1973 Mr Austin D L 1997 Mrs Bowbyes Diane 2015 Mr Douglas Michael 1956 Mrs Roberts Betty 1956 Mr Fay Brian 1968 Mr Poff M V 1982 Ms Austin Rebecca 2007 Mr Boyle Kevin 2005 Mrs Douglas-Clifford D 1944 Mr Robertson R W 1992 Mr Fleming Mark 2003 Mr Renwick David 1990 Mr Austin Tim 2015 Mr Bradley G L 1988 Mr Egden P G 1956 Mr Rutherford J R 1962 Mr Fox Stuart 1968 Mrs Renwick Nola Mr Avis Paul 2012 Miss Braid Laura 2016 Mr Forbes C R G (Richard) 1974 Mrs Rutherford Jan 1962 Ms Franich Cathy 2003 Mr Renwick P 1987 Mr Babbage Nigel 2009 Mr Brain G 1988 Mr Ford Ray 1974 Mr Savill J B L 1962 Mr Fuller Marty 1984 Mr Rich C H 1990 Mr Baddeley Peter 2008 Mr Bray Cam 2015 Mr Freear Derek 1971 Mrs Smith Frances 1962 Mr Fulton Gordon 1980 Mr Richards R A 1983 Mr Bailey WK 2013 Mrs Brinkman Victoria 2005 Mr Glubb Matthew 1974 Mr Smith John F 1974 Mr Fulton Roddy 1973 Mr Rodgers M K 1973 Ms Ballinger Tina 2016 Mr Brocket Tim 2013 Mr Gordon John 1962 Mrs Tapley E G W 1962 Mrs Galvin Margaret 2016 Mr Rogerson MNZM G A 1990 Mrs Balloch Carol 2013 Mr Brosnahan Graham 2001 Mrs Graham Philippa 1960 Mr Thompson Garry 1973 Mr Grigg P R 1972 Mr Satterthwaite I 1990 Mr Barclay John 2009 Mr Brosnahan Peter 2006 Mrs Grigg Alexa 1952 Mr Thwaites Anthony 1967 Mr Hargreaves TWC 2005 Mr Satterthwaite R M 1954 Mr Barnett Stewart 2001 Mr Brown ACV 1991 Mr Grigor Alexander 1963 Mr Todhunter R C 1962 Mr Haward John 2001 Mr Scott P J 1980 Miss Baxter Allison Mr Brown Andrew 1991 Mr Hargreaves Gerald 1970 Mr Trolove A W R 1962 Mr Healey Raymond 1968 Mr Smith John 1983 Mr Baxter George 2010 Mr Brown Justin 2000 Mr Hendry P R 1972 Mr Trolove G B 1962 Mr Hempseed R Mr Sprott Clarence 1971 Mr Baxter Roger 2005 Mr Brown Matt 1993 Mrs Hill Sandra 1973 Mr Usher Charles 1973 Mrs Henderson B A 1974 Mr Stewart P M 1979 Mr Beattie Brian 1979 Mrs Brown Melissa 2017 Mr Horrocks I F 1975 Mrs Ward Angela 1962 Mr Hickman K J 1993 Mrs Studholme Anne 2004 Mr Beckett Stephen 2003 Mrs Brown Ruth 2015
40 Canterbury Jockey Club Annual Report 2017 Mrs Brown Samuel 2017 Collins B D 1997 Mr Denton Michael 2008 Mr Fowke Alistair 1993 Miss Grigg Nicola 2016 Mr Hone Trevor 2014 Mr Bunting Barry 2004 Mr Collins Mark 2004 Mr Dickey Grant 2013 Mr Fox Ken 1990 Mrs Groundwater Nicola 2010 Mrs Hood Kay 2007 Mr Burbury Alistair 2013 Mr Cone G 1997 Mr Dickie Michael 2005 Miss Frampton Lauraine 2016 Mr Growcott John 2016 Mr Hopkinson John 2013 Mr Burke Brian 2008 Ms Connors Nicolette 2015 Mrs Dickson Glenys 2010 Mrs Francis A S 1998 Mr Gunn Graham 1982 Mr Hopping Andrew 2009 Hon Burke Sir Kerry 1999 Mr Consedine Peter 2013 Mr Dillon David 2006 Mr Francis Daniel 2003 Mr Haase Mark 2004 Mrs Hore Hazel 2008 Mr Burns Geoff 2010 Mr Cooney Graham 1999 Mr Dineen M 1997 Mrs Francis Janet 2011 Mrs Hagaman Lani 2016 Mr Horgan Syd 2017 Mr Burns Shane 2003 Mr Cooney James 2015 Mrs Dinneen Glenys 2012 Mrs Fraser Tracey 2007 Mr Hagaman Zane 2016 Mr Howden James 2016 Mr Burt Trevor 2010 Mr Cooper Andrew 1999 Mr Dolan Pat 1991 Mr Fraser-Allen Simon 2010 Mr Hagen Patrick 2016 Mr Howie Donald 2017 Mr Butterick Gilbert 2006 Mr Cooper Jim 1980 Ms Donnelly Sheena 2015 Mr Freeman Graeme 2005 Mrs Hamilton E A M 1994 Mrs Hubbard Vivien 2002 Mrs Butterick Patricia 2006 Mrs Cooper Mary 2013 Mrs Dormer D W 1991 Mr Freeth Jeremy 1995 Hamilton Maureen 2016 Miss Hudson Christine 2013 Miss Byrne Emma 2016 Mr Cooper-Dixon George 2004 Mr Douglas-Clifford John C Mr French J A 1983 Mr Hamilton Warren 2009 Mrs Hughes Gail 2007 Mr Byrne John 2005 Mr Cordner Jonathan 2004 2008 Mr Fulton JC 2000 Mr Hampton Simon 2015 Mr Hughes John 1992 Mr Byrne Peter 2015 Miss Cordner Marie 2001 Mr Dowell Garron 2007 Mr Gallagher Barry 2012 Mr Hardy Matthew 2007 Mr Hughes K H 1998 Ms Cahill Charlotte 2015 Mr Cordner Timothy 2004 Mr Draper Mark 2014 Mr Gamblin I K 1990 Miss Hargreaves Belinda 2016 Mr Hurst Stephen 2001 Mr Calder Alan 2007 Mr Costigan Paul 1992 Mr Dravitzki Peter 1981 Mr Gardner Jason 2008 Mrs Harley Josie 2005 Mr Hutchinson A J 1979 Mr Calderwood Ian 2014 Mr Cotton Geoffrey 2016 Mr Dunn David 2016 Mr Garing Wayne 2009 Mr Harnett Robert 1996 Mrs Hutchinson Angela 2004 Mr Caldwell David 2010 Mr Cotton W D J 2000 Mr Dunn Ian 2013 Mr George Anthony 2014 Mr Harper Alan 2004 Mrs Hutchinson Caroline 2013 Mrs Calllanan Sandra 2016 Mr Coughlan G F 1996 Mr Dunnett Andrew 2010 Mr Georgiou Kyri 2009 Mr Harper Christopher 2004 Mr Hutchinson Paul 2012 Miss Cameron Georgina 2016 Mrs Coupland Jill 2001 Mr Dunnett Callum 2008 Mrs Georgiou Victoria 2009 Mr Harrington Kevin 2003 Mrs Hutchinson Vicki 2004 Mr Cameron Simon 1979 Mr Coupland Lance 1996 Mrs Dunnett Susanne 1996 Mr Gerard Hamish 1994 Mr Harris Andrew 2016 Mr Hutton D A Mrs Cameron Sonia 2010 Mrs Coupland Lesley Mr Durdin Paul 2006 Mrs Gerard Susan 1982 Mrs Harris Jan 1993 Mrs Hutton Mary 2008 Mr Cameron Tim 2014 Mr Court Brian 2001 Mrs Dyer Elizabeth 1997 Mr Gerrard Karn 2014 Mr Harris Mike 2009 Mr Hyde James 2014 Mr Cameron Walter 1978 Mr Cox Stuart 2015 Mr Dyer Mark 2009 Dr Gething Mike 2015 Mr Harrison Brett 2012 Miss Hyde Rebecca 2014 Mr Campbell Gordon 2011 Mr Craddock W J (Bill) 1987 Mr Eaton Michael 1993 Miss Giles Elizabeth 2009 Mr Harrison Ian H 1978 Mrs Ineson Elizabeth 1996 Mrs Campbell Leath 2016 Mr Craig Peter 2009 Mr Egden Andrew 2006 Mr Gillanders Keith 1994 Mr Hatton Grant 2002 Mrs Ingram Janet 2006 Mr Campbell Robert 2005 Mr Cullen Geoff 2013 Mr Egden Peter 2008 Mr Gillard Jonathan 2016 Mr Hawker Graeme 2016 Mr Insall L W 2000 Mr Carrodus Dave 2002 Mr Cumming Robin 2005 Miss Elder Valerie 2009 Mr Gillman Noel 2004 Mr Hay Steve 2015 Mr Irving D C 1991 Mr Carrodus Neville 1994 Mr Cummings Delvan 2013 Mrs Elliot Alma 2003 Ms Gilmore Helen 2008 Mr Hazlett David 2014 Mrs Irving Janet 1992 Mr Carter Nick 2008 Mr Cummings Martin 1998 Mrs Elliott Adele 2016 Mr Gilmour David 2000 Mrs Hazlett Kathryn 1993 Mr Jackson David 2001 Mr Carter P 1999 Mr Cunneen Paul 1991 Mr Elstob Tim 2005 Mrs Gilmour R 1999 Mr Hazlett William 2005 Mr Jackson Marc 2010 Mr Case Gavin 2009 Mr Dagg G S 1981 Mrs Elworthy Annabel 2012 Ms Goldsmith Sally 2006 Mr Head Warren 1998 Mr Jarvie William 1997 Mrs Cassells J I 1987 Mr Dagg Tim 2014 Mrs Emery Rhonda 2012 Mrs Goodger Alexandra 2013 Mr Healey Chris 2003 Mr Jenkins Hamish 2012 Mr Cassidy James 2002 Mr Daley Jeremy 2009 Mr Enersen Maxim 2013 Mr Goodson Laurie 2012 Miss Healey Clare 2008 Mrs Johns Neroli 2010 Mrs Catley K M 1990 Mr Dalley RG 2014 Mr Ennor Garth 1979 Mr Gordon Myles 2011 Mr Heazlewood Graham 2002 Mrs Johnson D I 1999 Mr Causer Graeme 2008 Mrs Dampier-Crossley Renee Mr Ewing Mark 2009 Mrs Gough H 1999 Mrs Heddell Helen 2004 Mr Johnston Nigel 2015 Mr Cawood Warren 1991 2005 Mr Ewing Richard 2007 Mr Gould Jeremy W Mrs Hellyer Kathryn 2014 Mr Johnston Paul 2017 Mrs Chamberlain R 1996 Miss Darby Kate 2016 Mr Faulls Brian 2006 Mr Gould Michael 2005 Mr Hellyer Nathan 2014 Ms Johnston Sis 2015 Mr Chambers Noel 2001 Mrs Darling Jocelyn 2003 Mr Fechney Brent 2014 Mr Gourlie Hamish 2005 Mr Hennessy G 1990 Mrs Johnstone Kate 2014 Mrs Chapman Deborah 2008 Mr Davidson Bob 2009 Mr Fenwick Rob 2014 Mrs Graham LH 2005 Ms Hepburn Robbin 2009 Mr Jones Alan 2007 Mr Chapman R H D 1983 Miss Davidson Jane 2007 Mr Finlay Rodger 2007 Mr Graham Simon 2005 Mr Hepburn Robert 2007 Mrs Jones Betsy 2002 Mr Chapman Steve 2010 Mr Davie Graeme 2009 Mr Fischer Carl 2014 Mr Grant Peter 2003 Mr Hiatt David 1999 Mr Jones Chris 2013 Mrs Chesmar Jan-Louise 2007 Mr Davison G 1998 Mr Fitzpatrick John Mr Gray Anthony 1980 Mrs Hiatt Eve 1981 Mr Jones D 1992 Mr Chiles Peter 1994 Mr Dawson Mike 2015 Mr Fitzsimmons H A 1982 Mr Gray Barry 2008 Mr Hickman Anthony 2012 Mr Jones Michael 2010 Mr Ching Stewart 2015 Mr Day Alan 2015 Mr Fitzsimmons Philip 2013 Mr Gray Colin 1997 Mr Hill Brendan 2015 Mr Jowers C J 1989 Miss Clark D 1980 Mr De Lore B 2013 Mr Flatman Michael 2012 Mr Green Christopher 2004 Ms Hilson Juliana 2016 Ms Julian Olivia 2017 Mr Clarke Athol 2012 Mrs de Spa A 1996 Mr Forbes G C A 1997 Mr Green David 2003 Mr Hobill Peter 2008 Mr Kain G H C 1980 Mr Clarke Howard 2009 Mr De Vere Bernie 2014 Mr Ford Brian 2013 Mrs Green Sarah 2004 Mrs Hobill Prue 2013 Mr Keenan Sam 2017 Mr Clay S C 1997 Mr Dean Ashleigh 2013 Mrs Ford Cheryl 1997 Mr Greenslade Nicholas 2004 Mr Hodgins Mike 2014 Mr Keir James 2014 Ms Cochran Jenny 2015 Ms Dean Bridget 2002 Mrs Ford Tracy 2008 Mr Greenslade Rick 1984 Mr Hogg Laurence 1995 Mr Kelly Tim 2016 Mr Cochrane C J 2003 Mr Dekker Leen 2015 Mrs Ford-Sanders Mary-Liz Mr Greenwood Eric 2007 Mr Holden Doug 2016 Mr Kelly Tony 2015 Mr Cocks Robin 2009 Mr Denham Andrew 2007 2008 Mr Gregg Tom 1984 Mrs Holland Judith 2008 Mrs Kennedy Sandy 2008 Mr Coffey Terry 2012 Mr Dennison Gary 2007 Mr Forsyth Craig 2006 Mr Grenfell Les 2009 Mr Hollands Brian 2016 Mr Kenny Jeff 2009 Mr Cohen Stephen 2006 Mrs Denny Carolyn 1997 Mr Foster Robin 2004 Miss Griffith Erica 2012 Mr Holmes Michael 1991 Dr Kerr D M 1999 Mr Collins Arthur 2011 Mr Denton Marc 2004 Mr Foubister Phillip 2006 Mr Grigg J M 1990 Mr Holmes Peter H 2012 Mr Kerr Petrie 2007
Canterbury Jockey Club Annual Report 2017 41 Mr Kerr Philip 1979 Mr Mackenzie Scott 2013 Mr McKinnon Blair 2001 Mr Neill Stuart 2012 Mrs Pinnington-Pilet Jessica Mr Rutherford Kenneth 2005 Mr Kerr Z G 1987 Mr Mangos Philip 2014 Mr McLachlan Richard 1982 Ms Nelson Heather 2013 2009 Mr Rutherford R H 1981 Mr Keys Mike 2015 Mr Manion Michael 2006 Mr McLaughlin P B 2003 Mr Nevill Peter 1995 Mr Piper Daniel 2016 Mr Rutherford William 2006 Mrs Kilpatrick Nola 2005 Mr Marfell Ed 2004 Mrs McLennan Rosemary 2009 Mr Newell L K 1999 Mr Pitman M R 1995 Mr Sanders G G 1992 Mr King Dennis 2010 Mr Marfell Jarred 2015 Mr McLeod Terry 2004 Mr Neylon K J 2001 Mr Planicka Anthony 2008 Mrs Sanders Kathy 2016 Mr Kingscote W 1982 Mr Marlow Richard 2011 Mr McMenamin P B 1980 Mr Nind David 2011 Mrs Ponder Heather 2011 Mrs Sare Annabelle 2015 Ms Kingsland Deb 2014 Mr Marshall Kyle 2009 Mr McMenamin William 1988 Mr Noonan Bryan 2008 Pope Abbie 2016 Mr Satterthwaite A 1998 Miss Kinley Olivia 1997 Mr Martin Guy 1998 Mrs McNabb K A V 1984 Mr Noonan Danny 2002 Mr Pope Steve 2017 Mr Savage R L J 1991 Kirk Anne 1997 Mr Martinovich Bevan 2016 Mr McNaughton Reed 2010 Mr Norgate Eddie 2015 Mr Power Graeme 2014 Mr Savill Simon 1985 Mrs Knowler Leonie 2004 Mr Martyn Hugh 2009 Mr McNeill Alastair 2014 Mr O’Brien John 2009 Mrs Power Julie 2008 Mrs Savory Rachel 2003 Mr Knowles Dave 2014 Ms Matheson Tracey 2003 Mr McPhail Bruce 2015 Mr O’Carroll Tom 2013 Mrs Power Marianne 2001 Mr Sayer Glenn 2014 Mr Kuch Kevin 2013 Miss McAtamney Elizabeth Mr McPhail Grant 2009 Mr O’Dea Jack 2014 Mr Powling David 2015 Mr Scales Michael 2014 Mr Kyle Peter 1997 2014 Mrs McPherson Margaret 2009 Mr O’Donnell Joseph 2010 Mr Pratt Steven 2013 Mr Scalmer J 1997 Miss Lambourn Michele 2005 Mr McBeath Don 1979 Mr McRae William (Beau) 2004 Mr O’Donnell Wayne 2010 Mr Prendergast KW 2000 Mr Schmidt Todd 2014 Mrs Lane J E 1993 Mr McCann Alistair 2015 Mr McSoriley Kevin 2017 Mr Oliver R A 1986 Mr Prescott Leigh 2011 Mr Scott John L 2011 Mr Laney Michael 1994 Mr McCarthy Brent 2011 Mr Mears Christopher 2009 O’Neill B 2007 Mr Prosser John 1986 Ms Scott Kirsty 2005 Ms Lang Sharon 2008 Mr McCarthy Shane 2008 Mrs Medlicott Robyn 2002 Mr O’Neill Michael 2014 Mrs Quigley Jill 2011 Mr Scott Murray 2015 Mr Lankow P H 1997 Mr McCashin Kerry 2007 Mr Mee David 2012 Mrs Orange Kathryn 2013 Mrs Quinn Fiona 1998 Mrs Scott Sharon 2012 Laplanche Marie 2013 Mr McCashin T 1997 Mrs Messent Metra 2003 Ms Orbell-Smith Jane 2011 Mr Rabbitt Brian 2010 Dr Scott Warwick 1991 Mr Larkin Robbie 2006 Mrs McClean Catherine 2015 Mr Meyer Mark 1999 Mr Orchard Allister 2016 Mr Radovancich L Mrs Scott-Lysaght Jo 1998 Mr Larmer Cody 2010 Mrs McCormack Christina 2015 Mr Millar Craig 2014 Miss O’Reilly Felicity 2009 Mr Rae Peter 2006 Mrs Seaton Leslie 2008 Mrs Leake Marlene 1983 Mr McCormick Gordon 2014 Mr Millar Hamish 2014 Mr Orr Rick 2016 Mr Ragg Paul 2007 Mrs Seaton Margaret 2013 Mr Lee Jeff 2013 Mr McCrea Scott 1991 Mr Millar Jason 1997 Mr O’Shannessey Terence 2008 Mr Rajnai P 1991 Mrs Selinger Joan 1985 Mr Lee P J 1981 Mrs McCrea Suzanne 2006 Mr Millar Patrick 2011 Mr O’Sullivan Martin 2017 Mrs Ramage R A 1979 Mr Shadbolt David 2006 Mrs Lee Virginia 2001 Mrs McCrostie Gillian 2010 Mr Mitchell Blair 2009 Ms Owens SE 2013 Dr Ranken Hamish 2007 Mr Shaw Andrew 1997 Mr Leeder John 2015 Mrs McCullough Debbie 2010 Mrs Mitchell J M 1994 Mr Paget Mark 2009 Mr Rankin D 1998 Mr Shaw Ben 2008 Mr Letham Guy 2013 Mrs McCurdy Natasha 2016 Mr Mitchell J R P 1998 Mr Palliser Brian 2003 Mr Rankin Stewart 2013 Mrs Shaw Heather 1993 Mr Letham Peter 2010 Mr McDonald A G 1992 Mr Moffett ST 2000 Mr Pankhurst Robert 2005 Reardon LM 1991 Mr Shaw Kerry 2004 Ms Lindsay Christine 2004 Mr McElroy Philip 2000 Mr Molyneux D K 1995 Mr Pantelos Dimitri 2013 Ms Reid Claudia 2012 Ms Shearer Paulette 2006 Mr Lloyd Glenn 2014 Mr McEvedy Chris 2013 Mr Mooney John WS 2008 Mr Parish Timothy 2006 Mr Reidie Peter 2016 Mr Shearing Bob 2008 Mr Lloyd Stephen 2012 Mr McEvedy Peter 2001 Mrs Moore Beverley 1994 Ms Parker Deborah 2008 Mr Reilly Neville Mr Shepherd Matthew 1997 Mrs Lobb Linda 2017 Mrs McFadden Christine 2001 Mrs Moore Maureen 2016 Mr Parker Russell 2014 Mrs Renner Mel 2012 Mr Sidey Sam 2016 Miss Lockey K M (Marie) 1991 McFarlane B H 2000 Mrs Mora Michelle 2013 Mr Parkinson Ivan 2010 Ms Retimana Lee 2015 Mrs Silva Debra 2003 Ms Lockie Louise 2013 Mr McFarlane Donald 2015 Mrs Moreton Sherrill 2015 Mrs Parrott Valerie 2001 Mr Reveley Anthony Mr Silva Jeremy 2015 Mrs Logie Dianne 1984 Mrs McFedries Janette 2000 Mr Morris Colin 2009 Mr Parsons William 2004 Mr Reynolds A W 1998 Mrs Silvester Angela 2016 Mr Logie John 2015 Mrs McGirr Pam 2008 Mr Morris Grant 2014 Mr Pascoe Gary 2003 Mr Reynolds Colin 2015 Miss Simpson Georgie 2010 Mr Long F B 1985 Mr McGoldrick Mark 2010 Mr Morrison Peter 1986 Mr Patchett John 2003 Mrs Rhodes Anna 2017 Mr Simpson Griff 2002 Mr Lucas David 2000 Mr McGrath Stephen 2007 Mr Morton A I 1996 Mr Patterson Dave 1998 Mr Rhodes Greg 1981 Mr Simpson John 2014 Mr Lund Peter 2012 Mr McGrath Trevor Mrs Mulcock Emma 2014 Mrs Patterson E 1981 Mr Rhodes Paul Christian 2009 Mr Sissons Richard 1991 Ms Luney Leigh 2008 Mr McGregor Alastair 2003 Miss Mulholland Kate 2008 Mrs Pattullo Philipa 1989 Mr Rhodes Ricky 2017 Mr Slade Alan 2015 Mr Luxton John 2003 Mr McGregor Duncan 2006 Mr Mulvaney Jason 2017 Mr Peacocke David 2012 Mr Richards Craig 2015 Mr Smart Tony 2015 Mr Lyall David 1993 Mr McGroggan Anthony 2014 Mr Munro Brendan 2011 Mr Pearce Mark 2005 Mr Ritchie George R 2006 Mr Smith Christopher 2003 Mr Lynch R M 1987 Mr McGuckin Andrew 2010 Mr Munro Timothy 2006 Mr Pearson Charles 2009 Mr Ritchie Glenn 2004 Mr Smith Denis 2012 Mr Lysaght Paul 2014 Mrs McGuire Alison 1986 Dr Murfitt Corin 2005 Mr Pelling Barry 2000 Mr Roberts Brian 2012 Mr Smith Hilton 1988 Mr MacDonald Alastair 2010 Mr McGurk Michael 2010 Mr Murfitt Gareth 2004 Mrs Perry Alwyn 2013 Mr Robertson Graham 2015 Mr Smith James 2010 Mr MacDonald Mitchell 2008 Ms McIlraith Suzie 2013 Mr Murfitt Phillip 2005 Mr Phelan Peter 2015 Mr Robinson Hamish 2015 Mrs Smith Margaret 2010 Mr Macefield J P 1985 Mr McKendry T M 1981 Mr Murphy Kevin 2011 Mr Pheloung Robbie 2002 Mr Robinson Warren 2013 Mr Smith Steven 2005 Mr Macfarlane George 1991 Mr McKenzie Brent 2010 Mr Murphy Robert 2014 Mr Pheloung Tony 2015 Mrs Rodwell R 1994 Mrs Sneddon Louana 2013 Mr Macfarlane Simon 2011 Mr McKenzie Grant 2011 Mrs Murray Bronwen 2010 Mr Philips Bruce 2004 Ms Romano Gentilessa 2011 Mr Snell Richard 2005 Mrs Mackay Judith 2003 Miss McKenzie Julie 2016 Mr Murray David 2004 Mr Pickard Ian 2016 Mr Rookes Richard 2015 Mr Sparks Chris 2013 Mr MacKenzie Alex 2009 Mr McKenzie Marty 2015 Mr Murray Drew 2008 Mr Pickles MNZM Owen 2015 Mr Rooney B P 1979 Mr Sparrow Andrew 2005 Mr MacKenzie Christopher J Mr McKenzie R B 1982 Mr Murray Martin 2012 Mr Picton-Warlow Alastair Mr Rowe C A 1996 Mr Sparrow Edward 2006 2002 Mr McKenzie RT 1994 Mr Murray Richard 2009 2002 Mrs Rowe Wendy 2001 Miss Spencer-Bower Helen Mr Mackenzie Philip 2006 McKenzie Bloodstock 1992 Mr Needham Daniel 2015 Mr Pinnington Richard 1982 Mr Rudkin Russell 2013 1995
42 Canterbury Jockey Club Annual Report 2017 Spicer Heather 2003 Dr Thomson David 1985 Mr Whale Rod 2016 Mr Hurst Christopher 2005 Mr Sprott Richard 2014 Mr Thwaites Gerard 2002 Mr White David 2015 Miss Inglis Ashley 2016 Mr St Guillaume Jean-Pierre Mr Thwaites John 2003 Mr White Glen 2012 Mr Jackson Louis 2016 2015 Dr Thwaites Michael 2009 Mr White Mark 2014 Mr Kerr Maxwell 2006 Mr Stackhouse Ross 2010 Mrs Thwaites-Boyle Genevieve Mrs Whiting Jacqueline 2011 Mr Lagan Joe 2006 Mr Standing Matt 1999 2015 Mr Wigley Gus 2013 Miss Lalor Maria 2015 Mr Stanley Greg 2017 Mr Tibbotts Mark 2011 Mr Wigley Kenneth 2006 Mr Le Cren Tim 2007 Mr Stark Gerard 2011 Mr Tod Kevin 2005 Ms Wilkinson Elizabeth 2015 Mr Leckie Forbes 2016 Mr Steel Brian 2015 Mr Todd Craig 2009 Mrs Williams Carol 2015 Mr Letham Andrew 2014 Mr Stewart Bruce 2013 Mr Tomlinson Greg 2010 Mr Williams David 2005 Miss Loeffen Thomasina 2014 Mr Stewart Donald 2004 Mr Tomlinson Travis 2006 Mr Williams Scott 2010 Mr Lowsley Josh 2016 Miss Stewart J I 1986 Mr Tooley Stephen 2014 Mr Williamson R 1996 Mr McArthur Harry 2014 Mrs Stewart Margaret 2007 Mr Toomey William 2013 Mr Williscroft Frederick 2010 Mr McCall John 2012 Mr Stewart Norman 2009 Mr Toplis Tom 1995 Mr Wilson Blair 2016 Mr McCormick James 2015 Mrs Stewart Pauline 2017 Mr Tothill Ben 1991 Miss Wilson Deb 2010 Mr McKerchar Hamish 2010 Mrs Stewart Rebecca 2002 Ms Towers Cheryl 2013 Mrs Wilson Ella 2005 Mr McNaughton Curtis 2010 Mr Stewart Strath 1997 Mrs Treleaven C E 1993 Mr Wilson Phil 2005 Miss McPherson Lucy 2014 Mr Stickle M 1996 Mr Tubbs Stephen 2009 Mr Wood Jeremy 1986 Mr McWhirter Andrew 2013 Mr Stokes Michael 1997 Mr Turnbull J R 1987 Mr Woodhouse Hamish 2009 Miss McWhirter Anna 2012 Mr Stone Bevan 2012 Mr Turnbull Kevin 2014 Mr Woodley Alister 2013 Mr Molyneux R D 1996 Mr Storey J 1996 Mrs Turner Anna 2014 Mrs Woodley Victoria 2012 Mr Nuske Sam 2016 Mr Strawford Robbie 2004 Mrs Turner Elizabeth 2006 Mr Woods Andrew 2013 Miss Pattullo Pauline 2016 Mr Stringer Richard 2012 Dr Turner R 1998 Mr Wright Hamish 2011 Miss Pearce Grace 2014 Mr Stuck Alan 2015 Mr Turton R M 1997 Ms Wright Lyn 2015 Mr Pearce Samuel 2012 Mr Sturgeon Kevin 2013 Mr Tuttle Neil 2003 Mrs Wright Nicky 2011 Miss Pinnington Katrina 2012 Mr Sullivan Ronald 2007 Mr Tyler Allan 2015 Mr Yardley Richard 2001 Miss Pinnington Victoria 2011 Mr Sutherland Jock 1997 Mr Usher David J 1991 Mrs Young Cynthia 2008 Mr Scheuber Mitchell 2017 Mr Sutherland Kent 2001 Mr van Schreven Hans 1993 Hon. Justice Young Sir William Miss St Guillaume Trinity 2016 Mr Sutherland R G 1998 Mrs Vaughan Deborah 2011 1979 Miss Stevenson Kimberley Mr Suttie Jason 2009 Mrs Vermeulen Margaret 2006 Mr Zandbergen Gerard 2002 2016 Mrs Svensson Margaret 2006 Mr Vieceli L 1996 Mr Zuppicich MW 1980 Mr Stewart Samuel 2010 Mr Swale Christopher 2006 Mr Voice David 2005 Miss Studholme Rosie 2014 Mr Swale William 2006 Mrs Voyce Beverley 2015 YOUNG Miss Teather Victoria 2016 Mrs Swanston Carolyn 2008 Ms Wakefield Wendy 2007 Mr Adams George 2016 Miss Turley Rebecca 2012 Dr Sweeney Robert 2003 Mr Walker Matt 2011 Mr Babbage Charles 2015 Mr Tweedie Max 2016 Mr Symons Norman 1990 Mr Wallace Justin 2014 Mr Barton Guy 2016 Mr Vercoe Andrew 2016 Mr Taggart Daryl 2008 Mr Wallace M J 2007 Mr Breckell Aaron 2017 Mr Watson Simon 2008 Mr Tait AB 2006 Mr Walls Nick 2012 Ms Burgess Lucy 2015 Miss Webb Jenna Leigh 2016 Mr Tapper Aaron 2017 Mrs Walsh Anne Marie 2004 Ms Burgess Sophie 2015 Mr Westenra George 2016 Mr Taylor Angus 2012 Mr Ward David 2013 Mr Butt Christopher 2014 Miss Woods Monique 2015 Mrs Taylor Diane 2011 Mrs Ward Denise 2009 Mr Cameron Archibald 2016 Mr Wright Simon 2011 Mr Taylor G R K 1996 Mr Ward Frederick 2014 Miss Cohen Alice 2011 Mr Taylor M E 1996 Mr Ward M J 1981 Miss Cooke Finley 2016 Mr Taylor Michael 2014 Mr Ward Rupert 2002 Mr Cunningham Tom 2016 Mr Taylor Murray 2006 Mr Watson Dennis 2002 Mr Dykes William 2016 Mr Taylor Warren 2015 Mr Watson Graeme 2008 Miss Galwey Julia 2016 Mr Templeton M 1997 Miss Watson J G 1982 Mr Greenwood James 2007 Mr Terry Alex 2014 Miss Watson Sarah 2014 Mr Harrington Jack 2015 Mr Thiele Craig 2008 Mr Weastell Dean 2002 Miss Harris Alice 2015 Mr Thomas Barry 1980 Mrs Webb Mary Jane 2007 Miss Heddell Sarah 2010 Mr Thomas Kerry 2011 Mr Weller John 2009 Ms Hibbert Harrietta 2016 Mrs Thomas Kerryn 2006 Mrs Wells Leith 2007 Miss Hubbard Emma 2009 Miss Thomas Michelle 1980 Mr Welsh Rohan 2013 Mr Hubbard George 2014 Mr Thomas W A (Snow) 1988 Mrs Whalan Elizabeth 1992 Mr Hubbard Thomas 2013
Canterbury Jockey Club Annual Report 2017 43 Provincial Members as at September 2017
HONORARY LIFE MEMBERS MEMBERS Mr Hatton Grant 2002 Mr Pitman M R 1995 YOUNG Mr Bennetts Les 1962 Mr Anderson Phillip Mr Hewitt Lindsay 2004 Mr Poulter Jim 2012 Mr Greenwood James 2007 Mr Jenkins Warwick 1966 Mr Arthur Donald 2016 Mr Hewitt Steve Mr Prendergast KW 2000 Mr McCormick James 2015 Mr McArthur A I 1983 Miss Baxter Allison Mrs Hood Kay 2007 Mrs Price Gaye Mrs Mulligan Lyn 1960 Mr Beemsterboer Ger 2009 Mr Hutchinson A J 1979 Mr Price Malcolm 2009 Mr Roll Grahame 1973 Mr Bennetts Tim Mr Hutton D A Mr Reardon Daniel Mrs Rutherford Dinie Mr Bethell H D Mr Iggo Dennis 2004 Mr Reveley Anthony Mrs Shaw Winsome Mr Bethell P. Graham 2011 Mr Ireland Robert Mr Rich Phil 2016 Mr Simpson Ross 1965 Mr Betts J M 1994 Mr Johnston Nigel 2015 Miss Richards Tracey 2009 Mr Stalker Russell 1974 Mr Blackadder John 2016 Mr Kelly Tony 2015 Mr Roberts Brian 2012 Mr Wigley N G 1973 Mrs Blackie Barbara Mr Lamb D Mr Rowe C A 1996 Mrs Hales Miranda 2016 Mrs Bowbyes Diane 2015 Mr Lloyd Glenn 2014 Mr Rutherford William 2006 Mr Boyle Kevin 2005 Mr Lund Peter 2012 Mrs Savory Rachel 2003 HONORARY Mrs Brinkman Victoria 2005 Mr Manion Michael 2006 Ms Schluter Jean Mr Booth David 1962 Mr Brown Matt 1993 Mr Mason Andrew 2015 Mrs Seaton Leslie 2008 Mr Douglas Michael 1956 Mr Brown Robin Mrs Mason Angie 2015 Mrs Seaton Margaret 2013 Mrs Douglas-Clifford D 1944 Mr Bunting Barry 2004 Mauger Robyn 2016 Ms Shearer Paulette 2006 Mr Freear Derek 1971 Mr Byrne John 2005 Mr McCarthy Matthew Dr Shearman Graham 2011 Mrs Grigg Alexa 1952 Mr Byrne Peter 2015 Mr McCashin Kerry 2007 Mr Sidey Sam 2016 Mr Grigor Alexander 1963 Mr Calder Alan 2007 Mr McConchie Dave Singh Michelle 2016 Mrs Hill Sandra 1973 Mrs Chesmar Diane 2014 Mr McFelin Warren 2011 Mr Skelton Max 2013 Mr Hutton George 1962 Mr Chesmar M 1999 Mr McGrath Trevor Mr Smart Tony 2015 Mr Johnson R B 1958 Mrs Coupland Lesley Mr McIntosh J C (Craig) Mrs Smith J Mr Macfarlane Neil 1972 Mr Craig Peter 2009 Mr McNeill Alastair 2014 Mr Smith Steven 2005 Mr Malaquin Keith 1975 Mr Croft Peter Mr Mooney John WS 2008 Mr Snellex Alan Mr McKenzie Russell 1974 Mr Cumming Robin 2005 Ms Moore Brenda 2005 Mrs Stewart D Mr Nurse R W 1956 Mr Dawson Graeme 2013 Mrs Moreton Sherrill 2015 Mr Stewart Donald 2004 Mr Petrie G A 1973 Mr De Vere Bernie 2014 Mr Morris L Mr Stewart Joe 2017 Mrs Rutherford Jan 1962 Mrs De Zwart Norma 2006 Mr Morrison Ken Mrs Stocker Sarah 2016 Mr Savill J B L 1962 Mr Donald Mark 2009 Mr Mulvaney Jason 2017 Mr Stokes Michael 1997 Mr Thompson Garry 1973 Mr Douglas-Clifford J C 2008 Mr Munro Timothy 2006 Mr Stuart Andrew 2013 Mr Thwaites Anthony 1967 Mr Dyer Mark 2009 Dr Murfitt Corin 2005 Mrs Svensson Margaret 2006 Mr Trolove G B 1962 Miss Elder Valerie 2009 Mr Murfitt Phillip 2005 Mrs Taylor Diane 2011 Mrs Ward Angela 1962 Mr Faulkner M Mrs Murray Bronwen 2010 Mr Taylor G R K 1996 Mr Wigley J R 1974 Mr Fitzpatrick John Mrs Murray Caroline 2016 Mr Taylor Warren 2015 Mr Fitzsimmons H A 1982 Mr Murray Hamish 2016 Mr Thomas SD 2005 HONORARY LIFETIME Mr Forsyth Craig 2006 Miss Murray Henrietta 2016 Ms Thomson Kathryn Mr Cordner P J 1970 Mr Freeth Jeremy 1995 Mr Murray Martin 2012 Mr Tomlinson Greg 2010 Mr Coupland Ray 1981 Mr Frye Danny Ms Newman Annette 2014 Mr Toplis Tom 1995 Mr Kinley B D 1962 Mr Gerard Hamish 1994 Mr O’Dea Jack 2014 Mr Tuttle Neil 2003 Mrs Goodger Alexandra 2013 Ms Orbell-Smith Jane 2011 Mrs Vermeulen Margaret 2006 LIFETIME Mr Gordon Myles 2011 Mr Pankhurst Robert 2005 Ms Wakefield Wendy 2007 Mr Brookfield Kevin 1986 Mr Grant R Ms Parker Deborah 2008 Mrs Ward Denise 2009 Mr Douglas Michael J 2000 Mr Gray Anthony 1980 Mrs Parrott Valerie 2001 Mr Watson Dennis 2002 Mr Fulton Gordon 1980 Mr Green David 2003 Mr Parsons John Ms Whitham Rose Mr Kelly F M Mr Greenwood Eric 2007 Mrs Parsons Karen Wightman Colin 2007 Mr Le Vaillant Brian Mr Hagaman Zane 2016 Miss Pascoe Amanda 2009 Mrs Wood Adrienne 2011 Mr Harrison Ian H 1978 Mr Phelan Peter 2015
44 Canterbury Jockey Club Annual Report 2017 Business Partners & Supporters Canterbury Jockey Club (Inc.)
The Club benefited from an association with many business partners and supporters throughout 2015/16, all of whom are critical to the success of the Club. These organisations and companies are acknowledged below and members are urged to support them whenever possible. Accessman City Fahey Fence Hire Mike Pero Mortgages Riccarton Park Function Centre Amicus Insurance Brokers Farmers Mill Mohua Investments Romano’s Pizzas Armourguard Farmlands Mondo Travel Rudkin Racing Stables Angus Meats FastTrack Insurance More FM Sergios Menswear Avon City Ford First Sovereign Trust Muritai Marketing Skelton Brothers Barneswood Farm Flair Nautical Boat Insurance Sothys Berkley Stud Ford Motor Co of New Zealand Newstalk ZB Speight’s Blue Star Taxis Garrards Horse & Hound New Zealand Bloodstock Teamwork Solutions Brackenfield Hunt gavelhouse.com NZ Bloodstock Insurance The Breeze 94.5FM Canterbury Landscape Supplies Halls Refrigerated Transport New Zealand Community Trust The Informant Canterbury Westland Heatstore Christchurch New Zealand Insurance The Press Racing Owners Association Helston & Associates NZTBA Canterbury/Marlborough The Recruitment Network Christchurch Casino Hospitality New Zealand Canterbury Westland Branch The Sound 92.9fm Christchurch City Council Branch New Zealand Thoroughbred Tom Burns Memorial Clarins Islington Tavern Breeders Assc. Trevino’s Bar & Restaurant Classic Villa John White Bloodstock NRM Valachi Downs Coasters Tavern Jouvence Beauty Institute Norwood Farm Machinery Vernon & Vazey Truck Parts Coca-Cola Laming Racing NZ Tax Refunds Vero Insurance Colombus & Ware Lindauer One Good Horse Restaurant Winning Edge Presentations Coupland’s Bakeries Linwood Park Park Avenue Fashions Yaldhurst Hotel David Emerson - Business Consultant Lion Breweries Perfect Packaging Yesberg Insurance Services de Spa Cosmetics Lion Nathan Wines & Spirits Peninsular Resort Mooloolaba Youngs Jewellers Dress Smart Hornby Little Brown Jug Bar & Grill PGG Wrightson Zilco NZ Ltd D Reynolds Electrical Lone Star Cafe & Bar Plough Hotel Restaurant, Bar & TAB Welsh & Associates Dunstan Feeds Majestic Horse Transport Prydes EasiFeed Zacinto - Kevin Hickman Dyer Decorating McMillan Equine Feeds Racecourse Hotel Motor Lodge Epic Journeys Mediaworks Radio Race Images eStar Millennium Hotels and Resorts Redwood at Westbury Stud
Canterbury Jockey Club Annual Report 2017 45 ‘Gold Club’ Canterbury Racing - Amberley Canterbury Racing - Canterbury Racing - Aussie Browne’s Barrington’s Accessman City North Canterbury Riccarton Turf Unichem Pharmacy Hotel Commodore Coupland’s Bakeries Christchurch Casino Bill Cotton Eric Greenwood Inglewood Stud Little Brown Jug Bar Canterbury Equine Clinic Innovative Landscapes Nobby Bussell Memorial Hornby Workingmen’s Club Christchurch Casino North Canterbury Vets Plough Hotel Restaurant, Bar & TAB NRM Claire Yardley Optimise Fertilisers Prydes EasiFeed NZ Bloodstock Cordner Hill Law Smiths Hire Rangiora New World PGG Wrightson Seeds Derek Freear Sonia & Garry Thompson Speight’s Ford Contracting Taggart Earthmoving Waimakariri Business: Teltrac Communications Heather Shaw TWS Group Anglers Arms Tavern The Informant Janet Francis Balcairn Stockfoods Kevin Daly Mowers Canterbury Racing - Hororata Blue Springs Polo Kevin Hughes Racing Stables Canterbury Equine Clinic Clarkville Stockfeeds Lamb & Hayward Cochranes Farm Machinery Geoffrey Hall Funeral Services Dr Corin Murfitt & Associates Courtenay Suffolk Stud Gordon Fulton Paul Costigan Harcourts Dan Reardon Racing Stables Helmore Stewart Lawyers PWA Griffin Ltd Farmlands – McMillan Equine Kevin James Woolbroker Searell and Co Ltd NZ Wool Testing Leslie Agencies Strath Stewart Pat Reardon Family Mike Brown Vet S & S Barr Petersen’s Jewellers Other Side Business Services The Classic Villa Premier Stables Robert Grant Electrical Victoria Woodley Seaton Family R Nesbit Shearing Vonnie McDonald Selwyn-Rakaia Vets R W Stalker - Keswick Farm R Redpath Ltd Strathclyde Stud The Bullerites Valachi Downs Yaldhurst Wools
46 Canterbury Jockey Club Annual Report 2017 Canterbury Jockey Club Dates 2017/18 Canterbury Jockey Club (Inc.)
Listed below are the Riccarton Park racedates for the new season with the major races on the day.
Date Ward, Licence, Number of Races Feature Race & Start Time August Saturday 5, 2017 CJC - Premier, Noon eStar Winter Cup (G3) / NZI Koral Steeplechase Wednesday 9, 2017 CJC - Feature, Noon Hospitality NZ Canterbury Grand National Hurdles (PJR) Saturday 12, 2017 CJC - Premier, Noon Racecourse Hotel & Motor Lodge NZ Grand National Steeplechase (PJR) / Christchurch Casino Winter Classic
September Saturday 9, 2017 CJC - Feature, Noon Saturday 23, 2017 CJC - Feature, Noon NZ Bloodstock Canterbury Belle Stakes (Listed)
October Saturday 7, 2017 North Canterbury - Feature, Noon Waimakairiri Businesses North Canterbury Cup Saturday 28, 2017 CJC Feature, Noon Zacinto Stakes (Listed) / Christchurch Casino Spring Classic (Listed) November Saturday 11, 2017 CJC - Premier, Noon Al Basti Equiworld NZ 2000 Guineas (G1) / Gold Club Metropolitan (Listed) / Yesberg Insurance Services Pegasus Stakes (Listed) Wednesday 15, 2017 CJC - Premier, Noon Coupland’s Bakeries Mile (G2) / Lindauer Stewards Stakes (G3) / Valachi Downs Breeders Stakes (G3) Saturday 18, 2017 CJC - Premier, Noon Gavelhouse.com NZ 1000 Guineas (G1) / Christchurch Casino NZ Cup (G3) / Barneswod Farm Welcome Stakes (Listed)
December Friday 8, 2017 North Canterbury – Tier2 feature “Christmas at the Races” – part of a nationwide themed 3:00pm series of race meetings
Canterbury Jockey Club Annual Report 2017 47 January Saturday 27, 2018 CJC - Feature, Noon Speight’s Timaru Stakes (Listed)
February Saturday 10, 2018 CJC - Feature, 12:30pm
Thursday 15, 2018 CJC - Industry, Noon
Friday 23, 2018 CJC - Industry, Noon
March Thursday 8, 2018 Amberley - Industry, Noon
Saturday 24, 2018 Hororata - Feature, Noon Valachi Downs SI Thoroughbred Breeders Stakes (G3) / Seaton Family Memorial Hororata Gold Cup
April Saturday 7, 2018 Riccarton Turf - Feature, Noon Christchurch Casino Easter Cup (Listed) / NZB Insurance Stakes (Listed) / Hornby Workingmen’s Club Founders Cup Saturday 21, 2018 CJC - Feature, Noon Coca Cola Canterbury Gold Cup (G3) / NZ Bloodstock Warstep Stakes (Listed) May Saturday 5, 2018 CJC - Premier, Noon Daphne Bannan Memorial Great Easter Stakes (Listed) / Berkley Stud Champagne Stakes (Listed) Friday 18, 2018 CJC - Feature, Noon
June Wednesday 6, 2018 CJC - Industry, Noon
Saturday 23, 2018 Amberley - Feature, Noon Greenwood Amberley Winter Cup / Mid Winter Christmas themed raceday G1 = Group 1, G2 = Group 2, G3 = Group 3, Listed = Listed Stakes Race, PJR = Prestige Jumping Race
48 Canterbury Jockey Club Annual Report 2017
Another buoyant crowd celebrated Christchurch Casino New Zealand Cup and gavalhouse.com 1000 Guineas day
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