Contents
CHAIRPERSON’S MESSAGE 03
CEO’S REPORT 04
DECLARATION & ATTESTATION 05
OUR ORGANISATION 06 Organisational Structure 08
OUR PARTNERS 09
OBJECTIVES & PERFORMANCE AGAINST OBJECTIVES 10
SPORTS VENUES 11
MEMBERSHIP & BUSINESS DEVELOPMENT 15
CORPORATE SERVICES 18 5 Year Performance 18
LAKESIDE STADIUM 23
LEGISLATIVE & GOVERNANCE POLICY COMPLIANCE 24
FINANCIAL OVERVIEW AND DISCLOSURE 26 Disclosure Index 27
ANNUAL FINANCIAL STATEMENTS 32 Notes to the Financial Statements 36 Certification 71 Independent Audit Report 72
PROTECTED DISCLOSURE ACT 2012 74 Chairperson’s Message
Following the opening of substantial new Trust expected to reduce the cost of energy by around $600,000 facilities at Lakeside Oval and the Flowrider at per annum, once the loan is repaid. MSAC in 2011/12, the recent financial year has In my 2011/12 Annual Report I referred to the need for major seen a consolidation of the Trust activities, and asset life cycle replacement at MSAC, as the facility is now planning for the next era. more than sixteen years old. I am pleased to report that the The ‘Melbourne Sports Hub – Developing Champions in State Government has responded positively to an analysis Life’ began as an idea to build on the network of world class of these requirements conducted by the consultancy group facilities managed by the Trust to create and promote greater GHD and has allocated $6.3million to what is hoped to be opportunities for members of the Victorian community to the first tranche of the works program proposed. Early works reach their potential in physical and personal endeavor. It include the replacement of competition scoreboards for the has now materialised into a growth in public usage of Trust competition pools and new partitions and curtaining for the facilities to 2.8 million, up from 2.07million the previous year. basketball halls.
This outstanding result has been built around the Champions The specialist expertise developed over many years by the in Life theme, an engaging idea that can inspire everyone staff team continues to be highly valued in other jurisdictions. from an aspiring elite athlete to a local resident seeking to The annual International Sports Facility Management moderately improve their health and wellbeing to an infant Program conducted by SSCT’s MSAC Institute of Training saw starting their first swimming lesson hoping to one day participants from New Zealand, Singapore, Hong Kong and become a champion. PNG as well as other Australian States. Due to the demand by others for advice and information from key SSCT personnel In addition to the large numbers of community members consideration is being given to expanding the consultancy visiting the SSCT centres at the Melbourne Sports and Aquatic services into a new operational arm of the Trust. As this is Centre, the Lakeside Oval and the State Netball and Hockey my final Annual Report I pay particular tribute to the highly Centre for personal fitness and community level sports effective management and staff. Led by Simon Weatherill, activities, international and national elite events continue to the management team of Peter Murphy, Naomi Dempsey, feature regularly on the SSCT calendar. Building on the success Darren Rattle and Tim Kalkman enjoy an enviable reputation of the 2010 Champions Trophy, the 2012 event has been of excellence in the elite facilities management field. hailed as one of the best tournaments of its type conducted to date. Other events of note include athletics premier event I wish to also acknowledge the skill, teamwork and the Zatopek. Significant major maintenance works have been contribution of my fellow Trust members, Carmel Ackerley, undertaken during the reporting period, including the annual Leigh Russell, Andrew Fried, Gaye Hamilton, Brett Moore and ‘blitz’ that is conducted during the period of the Formula Nicole Livingstone. It has been a pleasure to work with such a 1 Grand Prix in Albert Park, when public access to MSAC is dedicated group. limited. Hundreds of thousands of dollars worth of work is Finally, can I thank the Ministers for Sport and Recreation in completed in a matter of days as the SSCT maintenance staff my time on the Trust - Hon Hugh Delahunty MP and Hon James and a small army of contractors reseal floors, replace tiles, Merlino MP for their support, guidance and commitment to the repaint surfaces and re-lay carpets. Trust and its mission to sport and the community. The SSCT finances continue to be tightly managed, with the operating budget again being achieved, despite the addition of a full year of expenses from the Lakeside Oval facility. Improvement to the operating position is also expected to improve as a result of the effective completion of the $4.1million Energy Performance Contract, which is Mr. Bruce Mildenhall Chairperson
STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 3 CEO’S Report Declaration & Attestation
The State Sport Centres Trust manages in These key achievements were only possible with the assistance ACCOUNTABLE OFFICER’S DECLARATION ATTESTATION ON COMPLIANCE WITH excess of $350M worth of sporting facilities of the Minister for Sport & Recreation, the Honourable Hugh THE AUSTRALIAN/NEW ZEALAND RISK In accordance with Financial Management Act 1994, on behalf of the Victorian Government. The Delahunty MP, Sport and Recreation Victoria, Dr Peter Hertan MANAGEMENT STANDARD I am pleased to present the State Sport Centres Trust group of facilities referred to as the Melbourne and the State Sport Centres Trust. Special thanks to Mr Bruce Annual Report for the year ending 30 June 2013. I, Simon Weatherill certify that the State Sport Centres Trust Sports Hub incorporates the Melbourne Sports Mildenhall who has Chaired the Trust from 2009-2013. has risk management processes in place consistent with the and Aquatic Centre, State Netball Hockey In addition to this, I would also like to thank my Senior Australian/New Zealand Risk Management Standard. Centre, Lakeside Stadium and the MSAC Management team, Mr Peter Murphy, Ms Naomi Dempsey, An internal control system is in place that enables the Institute of Training. Mr Darren Rattle and Mr Tim Kalkman for their advice, executive to understand, manage and satisfactorily control The Melbourne Sports Hub is home to 34 Melbourne Sports dedication and trust. risk exposures. The Audit and Risk committee verifies this Hub Tenants. The diverse range of facilities and services is The Melbourne Sports Hub is a truly iconic set of sporting assurance and that the risk profile of the State Sport Centres arguably the most patronised set of facilities in the country facilities for all Victorians to access, and with over 7,671 Mr. Simon Weatherill CEO Trust has been critically reviewed within the last 12 months. attracting 2.811M patrons and conducting in excess of patrons a day visiting its services and programs; it is truly 29 August 2013 480 sporting events per annum. a part of the lifestyle, culture and vibe of the sporting capital of the World, Melbourne. Key achievements for 2012-2013: I look forward to working with the Government and the Trust • Achieve a record attendance of 2.811M patrons. in managing and maintaining the Melbourne Sports Hub • Manage $7.09M worth of capital and maintenance works as one of the premier facilities in the country. with minimal down time for patrons and stakeholders.
• Managing and operating the Centres within budget. Mr. Simon Weatherill CEO 29 August 2013 • Integrating Lakeside Stadium with the State Sport Centres Trust operations.
• Continually promoting our purpose of “Developing ATTESTATION ON COMPLIANCE WITH Mr. Simon Weatherill CEO Champions in Life” which is the staff and Trusts’ THE MINISTERIAL STANDING DIRECTION State Sport Centres Trust operational purpose of developing people through 4.5.5.1 - INSURANCE sport, recreation and education. I, Simon Weatherill certify that the State Sport Centres Trust has complied with Ministerial Direction 4.5.5.1 – Insurance.
Mr. Simon Weatherill CEO 29 August 2013
4 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 5 Our Organisation
ESTABLISHMENT FUNCTIONS RANGE OF SERVICES PROVIDED OUR VALUES
The Melbourne Sports and Aquatic Centre is a statutory The key functions of the State Sport Centres Trust The Act outlines the range of services to be provided as • Integrity: Behaving in a clear and consistent manner to authority established pursuant to the Melbourne Sports are as follows: sporting, educational, recreational, social and entertainment. Do the Right Thing. and Aquatic Centre Act 1994. The Centre opened for a) The management, operation and maintenance of the The State Sport Centres Trust Vision, Purpose and Values are: • Teamwork: Share. Understand. Succeed. Grow. Together. business on 27 July 1997. Melbourne Sports and Aquatic Centre and the State • Passion: Approach everything with Energy, Commitment On 22 December 1999 the Melbourne Sports and Aquatic Netball Hockey Centre; OUR VISION and Enthusiasm to Make a Difference. Centre Act 1994 was amended by the Melbourne Sports and b) The care, improvement, use and promotion of the Aquatic Centre (Amendment) Act 1999. As outlined in section To develop an innovative sports hub for the Victorian and Melbourne Sports and Aquatic Centre and the State 1 of the Act, the main purpose of this Amendment was to: Australian community that provides a diverse range of OUR COMMITMENT Netball Hockey Centre; programs and events for international, national and state a) Rename the Melbourne Sports and Aquatic Centre Trust Our staff commitment is to be able to assist anyone at c) The efficient financial management of the Melbourne Sports sporting groups as well as serving the Melbourne sporting and as the State Sport Centres Trust; and anytime and help them with their development needs. and Aquatic Centre and the State Netball Hockey Centre; recreational community. b) Extend the powers of the Trust to enable it to manage d) The care, protection and management of the State Netball the State Netball Hockey Centre and other sports, Hockey Centre land, and Melbourne Sports and Aquatic OUR PURPOSE recreation and entertainment facilities and services. Centre land, including maintaining the Melbourne Sports All of our programs, services and staff will embody a As outlined in sections 14 and 15 of the Amendment, the and Aquatic Centre land and the facilities on the land to a ‘Champions in Life’ philosophy which will offer our Melbourne Sports and Aquatic Centre and the State Netball standard that complements Albert Park; participants the opportunity to: Hockey Centre are to be managed as independent Strategic e) Subject to the Act, the planning, development, Business Units, each producing a Business Plan and having • Develop skills for life management, promotion, operation and use of other separate and individual Financial Operation and Accounts. sports, recreation and entertainment facilities and • Be the best they can be It is the Government and Trust’s policy that the Centres will services in Victoria; not receive any cross subsidies for operation. • Develop healthy habits f) The development, management, promotion, operation The State Netball Hockey Centre opened for business on 29 • Develop social networks and use of facilities and services for the parking of vehicles January 2001 and was officially opened by the Premier of and other necessary services to be used in conjunction with Our ‘raison d’être’ is developing people through Victoria, the Honourable Steve Bracks on 16 March 2001. any of the facilities or services managed or operated by sport, recreation and educational activities. On 10 October 2004, the State Sport Centres Act was the Trust; and amended by the State Sport Centres (Amendment) Act 2004. g) To accept appointment and act as a committee As outlined in section 1 of the Act, the main purpose of this of management of Crown lands. amendment was to “include additional land in the land at the Melbourne Sports and Aquatic Centre and to provide additional management powers in relation to the Melbourne Sports and Aquatic Centre land”.
Under the Act the relevant Minister is the Honourable Hugh Delahunty MP, Minister for Sport, Recreation and Veteran Affairs. On 31 August 2011, the State Sport Centres Trust was appointed as the Committee of Management of the Lakeside Oval Reserve under Section 14 (2) of the Crown Land (Reserves) Act 1978.
6 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 7 Organisational Our Partners Structure
MINISTER FOR SPORT AND RECREATION AND MINISTER FOR VETERANS’ AFFAIRS
STATE SPORT CENTRES TRUST
AUDIT AND RISK COMMITTEE MELBOURNE SPORTS & AQUATIC CENTRE LAKESIDE STADIUM
• Australian Basketball Resources • Athletics Australia CHIEF EXECUTIVE OFFICER SIMON WEATHERILL • Australian College of Basketball • Athletics Victoria
• Australian University Sport • Little Athletics Australia CHIEF OPERATING OFFICER PETER MURPHY • Badminton Victoria • Little Athletics Victoria
• Basketball Australia • South Melbourne Football Club IT & Telecom • Basketball Victoria • Victorian Institute of Sport
• Diving Victoria Major Capital Projects SPORTS HOUSE • Lakeside Sports Medicine Centre • AFL Player’s Association OH&S / Risk Management • Melbourne Vicentre Swimming Club • Australian Dancing Society • Montessori Environmental Initiatives • Baseball Victoria • Quay Clean • Boxing Australia • Soul Pilates (until January 2013) • Lacrosse Victoria • Squash Victoria GENERAL MANAGER GENERAL MANAGER MEMBERSHIP GENERAL MANAGER SPORTS VENUES & BUSINESS DEVELOPMENT CORPORATE SERVICES • Swimming Victoria • Masters Swimming Australia TIM KALKMAN NAOMI DEMPSEY DARREN RATTLE • Sydney Swans Football Club • Sports Medicine Australia Stadium Operations Health & Wellness Finance • Table Tennis Victoria • Sports Dietitians Australia MSAC / SNHC / LS • Trewhealth Personal Training • Touch Football Australia Aquatic Operations Business Development Human Resources • Victorian Water Polo • VICSRAPID (until May 2013) • VicSport Bookings, Functions / Events Sales & Marketing Retail STATE NETBALL HOCKEY CENTRE • Gymnastics Australia
Licence Agreements / Tenancies MSAC Institute of Training Statutory Compliance • Hockey Victoria • Netball Victoria Facilities Maintenance Sponsorship / Licensing Concessions & Supply Rights
Aquatic Programs
Membership Services
8 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 9 Objectives & Performance Sports Venues Against Objectives
Through the Vision and Mission of the State Sport Centers Trust, the following key objectives were identified in the Total visitations across the three venues of SSCT grew to over Stadium bookings performed particularly well finishing the 2012/13 Business Plan. two million eight hundred thousand during the 2012 / 2013 year $184k or 22% in front of budget. This was largely driven fiscal year. This included the first full year of operations at by the increase in basketball court bookings by our new tenant Lakeside Stadium. the Australian College of Basketball. BUSINESS OBJECTIVE STATUS/RESULTS VARIATION/EXPLANATION Venue breakdown as follows: MSAC Stadium Events finished the year 25% in front of Attain Attendances budget. This included 27 State Sporting Associations events • 2,268,658 – MSAC and included the Badminton Victoria 2013 Li-Ning Victorian MSAC - 1,650,000 2,268,658: Achieved - • 462,291 – SNHC International, which included competitors from nine countries. SNHC - 330,000 462,291: Achieved - MSAC Stadiums also hosted several notable events which • 80,894 – LS are listed below. Lower than expected LS - 100,000 80,894 attendance at SMFC games MELBOURNE SPORTS AND • Australian School Volleyball Championships MIT - 7,500 11,081: Achieved Higher training and venue hire activity AQUATIC CENTRE (MSAC) • Australian Corporate Games Maintain MSAC income level at $14M $14.4M: Achieved • Australian All Stars Cheerleading Federation In a flat consumer market Aquatics • National Basketball Junior Classic Changes to RTO Funding, mostly The aquatic casual market was mixed, with continued Grow MIT revenue from $643K to $896K $886K recovered through other activities strong take up in the Family and Casual Group segments • Victorian Junior Basketball League finals Grow Lakeside Stadium revenue from $751K helping stabilise the decline in the Adult and Child sectors. $1.29M: Achieved • Table Tennis County Championships to $1M via concessions, sales and supply rights Casual Family and Casual Groups finished the year 54% ahead of budget. • RMIT Exams Prices implemented in line with Implement the SSCT’s pricing policy for 2012/2013 Achieved Ministerial approval of Business Plan The aquatic event market performed well, exceeding budget • Pan Pacific Jiu Jitsu Championships New 5 year agreement by 28%, which was a growth of 6% from the previous years Renegotiate supply rights with CCA Achieved • GKR Karate National Championships negotiated with 52% increase actuals. Continued strong utilisation of the facility by schools and Victorian swimming clubs were the key drivers. During • World Cup Cheer & Dance Victorian State Championships Improve Catering bottom line by $100K Achieved In-House catering model adopted at MSAC the year the MSAC aquatic area hosted 46 club events, 17 Larger than budgeted Reduce staffing costs from 51% of turnover to 49% 50.3% Swimming Victoria events, 74 school carnivals, 15 Diving STATE NETBALL HOCKEY CENTRE (SNHC) accrual for EBA increase Victoria events and 18 Water Polo Victoria events. MSAC The SNHC casual market finished the year 12% in front of • Realignment of workforce also hosted several key events which are listed below. Casual to Permanent budget, increased participation in Hockey and Netball • Water Polo Australia East Coast Challenge were the main contributing factors. Renegotiate the SSCT EBA and secure • Workforce savings through Achieved time in attendance $600K worth of productivity savings • Diving Australia Elite Junior Championships The events market performed strongly on the back of the Hockey • Trainee recruitment targets • Synchronised Swimming Nationals Champions Trophy, closing the year 59% ahead of budget and • Catering return via In-House model 71% up on the previous year total. Bookings tracked true to • Swimming Victoria State titles budget predictions which were due to the many schools and clubs that utilised the venue throughout the year. SNHC also Stadiums hosted several notable events which are listed below.
The stadiums casual market tracked true to budget overall, • Hockey Australia - Championships Trophy with good participation in Table Tennis and Badminton and • VNL Grand Final good take up of casual Equipment Hire. • HV Grand Final weekend
10 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 11 Sports Venues
• Netball Australia ANZ Preliminary Final • SMFC Charity Cup Tournament process which will fund the payback of this capital investment Numerous major projects and upgrades were undertaken through reduction in electricity consumption, production and completed within the 2012-2013 financial year, including: • Melbourne Tigers 12/13 season home games • Rugby; Wallabies Legends v British & Irish Lions of energy from renewable sources and increased recycling Legends match • Finalised Strategic Planning for core infrastructure, • HV Australian Women’s Masters Championships of water resources. EPC estimated savings of $550k annually licensing and systems maintenance. • The Footy Show (Channel 9) across the trust venues. • NV School Championships • Progressed planning to procurement • Winners & Losers (Channel 7) Compliance with BCA, Health Department, RLSSA and other • NV Association Championships of updated solutions for; regulator bodies has been achieved as part of the regular • NV State Titles FACILITIES cyclical and reactive maintenance of the Venues. Continued – Operating systems licensing investment into the ongoing venue maintenance ensures that • Melbourne Vixens Summer Challenge – Microsoft Office suite The Facilities Management business unit delivers both Facility the venues meet the expectation of the user and operator. • HV U13 and U14 Junior State Championships Management and Information Technology to MSAC, SNHC, LS – Database hosting and Sports House. • Halls Taekwondo Capital and asset upgrade projects – Email hosting In partnership with SSCT contracted product suppliers and • Gymnastics State Championships In In keeping with investment into ensuring sustainability of – Infrastructure management systems trades we manage all aspects of the buildings performance the physical assets and meeting user requirements during the • World Karate Championships including the following – Date and database backups financial year 2012/13 the amount of $2.01 million of capital • Australian Schools Volleyball • Proactive and Reactive Maintenance projects and asset upgrade works were completed, including: • Replaced core server infrastructure with a new high-availability 3-node virtual server cluster • SSV Hockey State Finals • Minor works • Leisure pool lighting replacement (LED Lighting installation) • Re-assigned older server infrastructure to CCTV • Project Management / Capital Works Server roles, including expanded disk storage. LAKESIDE STADIUM (LS) • Storm water pumps refurbishments • Capital Planning • Commencement of the project to consolidate In the first full year of operations, Lakeside Stadium • Lakeside function room refurbishment • Asset Management multiple network domains into a single entity. performed well across all areas. Casual usage and bookings • Hockey pitches lamp replacement and repairs finished $60k above budget, Tenancies were 3% above budget • IT Support • Migrated all back-of-house I.T., HR and Finance business and Events finished the year 176% above budget. The above • Diving board replacement and base refurbishment systems onto new servers • Environmental Management figures included 55 School and Association athletic carnivals, • SNHC Front car park lighting replacement • Procurement of new network Switch infrastructure for 18 Athletics Victoria meets, 2 Little Athletics Victoria events, • Occupational Health and Safety (LED Lighting Install) MSAC and SNHC sites. 15 South Melbourne District Little Athletics events, 10 South • Risk Management Melbourne Football Club Victorian Premier League Games • LS, Drinking Fountain, Driveway, Waste Enclosure • Obtained discounted pricing via manufacturer deal and a number of other notable events listed below. registration, allowing replacement of 50% of ageing Point For Facilities Management during the year 2012/13 there • SNHC café Awnings of Sale and desktop PC infrastructure rather than the 30% • Zatopek 10 were two significant areas of activity being: maintaining the • Carpet replacement planned. The rolling 3 year replacement program is now • Socceroos Training sessions (prior to 2014 World Cup sustainability of the built asset via capital and asset upgrade • Staff Hub and New Tennant spaces embedded in annual planning and procurement. qualifier against Jordan) works and delivery of the EPC project that will introduce significant environmental management improvements • Works associated with the GP Closure Period • Microsoft Licensing Audit completed and submitted. • Qantas IAAF Melbourne World Challenge to the Trust Facilities. • Online Swim School enrolments and payments via the • Sydney Swans Post Grand Final function Information technology MSAC website, totally integrated with the Links Leisure Asset management Centre Management System. • Football Federation Victoria (FFC) Women Palada Cup Final The Business Systems Administrator and Jasco have maintained June 2013 saw the completion of the EPC (Energy Performance the IT operating systems with server and systems availability • Project support to consolidate implementation of the • SMFC Junior Gala Day Contract) plant installation valued at $4.12 million. The Trust over 99.95%. Links Leisure Centre Management system. now moves into the start of the measurement and verification
12 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 13 Sports Venues Membership & Business Development
• Procurement and implementation of infrastructure which ensures consistent, efficient and effective assessment MEMBERSHIP & VISITOR SERVICES On MSAC’s headline membership entry products only, and POS PC’s for the MSAC Cafe. and management of risk in the achievement of SSCT’s strategic the team performed well at moving the average spend In 2012/2013, the Health and Wellness liason team in the and business objectives. The following processes have been per person from $95.28 to $105.08. • Updates to customised integrations to implement Fitness Centre was consolidated with the Membership implemented in align with the new framework: member access control at SNHC. Services team at front of house . At the conclusion of our FlowRider Foundation Membership • Assessment of strategic risks during annual program, we successfully retained most members and have a This change created a more informed and accessible Environment Management business planning that have been supplemented to strong membership base of 160 people. This includes 65 Junior team of membership consultants for both Flexi and the Global Risk Register and management strategies memberships which further supports our efforts this year to The Trust in keeping with its published strategic objectives Platinum products at the MSAC main entry. Staff have recorded and monitored. This task is vital within the engage young people in healthy and active lifestyles. has maintained its drive to be a leader in environment benefited from the continued multi-skilling opportunities organisation’s increasingly complicated and management practices through continuous improvement. and members have benefited by being able to obtain The team also launched our Kids Club membership product expanded business activities. service for all their membership needs at the one during the year to further our engagement with children, Having achieved a significant milestone in this objective by • Utilisation of risk management software (RiskSense) to central service location at MSAC. which now sees 164 children engage in sport clinics and the securing of funds from the Department of Treasury and record and report risks, hazards and incidents; allowing other health and wellbeing activities at our venues in its Finance (DTF) for the Energy Performance Contract and now Efficiency has been a focus during the year for service the organisation to report on the relationships between first pilot year. the implementation of this project, the Trust is expected to delivery and staffing models. We have achieved great these factors and apply management strategies that can deliver the following significant environmental improvements: results in efficiency as a result of the final consolidation Our established relationships with businesses participating be monitored and audited to reduce the impact and rate of membership teams from our initial service strategy in our Membership Partners Program continued. Our • Annual water reduced by 24% of occurrence. This allows the organisation to manage that commenced implementation in 2011/2012. members and their families receive great value offers for data effectively to ensure consistency with benchmarks. • Annual Greenhouse Gas reduced by 31% tourism packages, sport performance and coaching, medical It has been a difficult year for membership retail due to the services, retail and events. We would like to acknowledge the The project will deliver the above through the increase in competitors in the local area market from other support from our participating organisations and partners. following improvements: Fitness & Recreation Centres. Overall our Membership achieved 12,934 active members by year end. Our Platinum Membership • Lighting upgrades Including new LED technology product for Health & Wellness performed well and ended the TeamMSAC and redesign of lighting system controls year on 3,237 members and our Flexi Membership product Our free service to members to socially engage, train and • Heating, ventilation and air conditioning improvements ended the year on 9,697 active members. compete together continued in 2012/2013, further assisting • Building management system (BMS) upgrades During the year we delivered a number of projects in the members to reach their individual health and fitness goals. including Web based unified BMS to overcome Fitness Centre to upgrade our existing facilities. This included teamMSAC provided weekly running and squad training BMS communication issues upgrades to flooring, selected cardio equipment, spin sessions for members as well as the opportunity to join the bikes, access control, member areas and lockers. To remain • Water management through recycling of pool team and compete at the Melbourne Marathon, Mother’s competitive with newer facilities in the area and provide latest backwash water Day Classic and Portsea Swim Classic. Overall we had 100 equipment and functionality to members, we will deliver a full members compete at events throughout the year. • Trigeneration plant providing significant reduction cardio equipment upgrade and selected strength equipment in green house gases upgrade in 2013/2014. teamMSAC were again successful at achieving 3 podium finishes for the second consecutive year at the Portsea Swim Classic. • Solar photovoltaic cells We improved our membership offering at the SNHC in Our members achieved second place in the 50-59 years of age partnership with the key stakeholders (community and sport) category, first place in the 40-49 years and first place in the Risk Management and will build upon our established membership base at this 30-39 years. These tremendous results form our membership venue in the coming years, to offer a range of Melbourne SSCT has a Risk Management Framework, developed within community continue to demonstrate our commitment to Sports Hub services and activities. a position guided by VMIA, OH&S legislation and International building a vibrant community of people centred on our standards. This framework assists the Trust to develop Developing Champions in Life values. organisational wide capabilities in risk management,
14 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 15 Membership & Business Development
CHILDREN’S PROGRAMS SWIM SCHOOL EDUCATION most innovative sports hub for the Victorian and Australian community. Throughout the year we continued to strengthen Children’s Programs and Swim School experienced a year The Swim School team continued to embed our Developing The Institute continued to focus its training offering on the Melbourne Sports Hub brand in the local community and in impacted by the establishment of new facilities competing Champions in Life philosophy throughout their programs and Traineeships, Compliance/Workplace Training, Organisational the wider international sport facility management sector via our in the local Melbourne area. improve service systems, staff development, program solutions and Professional Development Programs, Sport Facility Sport Facility Management Programs delivered by the MIT. and teacher quality. These activities have improved results in Management and Consultancy Services. Overall, 1,013 Children’s Programs sought to expand their program offerings student outcomes, enrolment levels, staff and student retention. students were enrolled at the Institute in 2012/2013 to The main focus for support to the business areas in 2012/2013 and established their first pilot School Holiday program at SNHC. undertake education. was to integrate the marketing and communications delivered This strategy will allow this area to expand their programs and During the year, the Swim School delivered important swim by Swim School and Children’s Programs, targeting families services to new markets in the north and west of Melbourne to education to over 13,411 people in the following groups: In 2012/13 the Institute focussed heavily on the enhancement and schools to provide a more streamlined information and offset competitor pressure at MSAC. of our accredited Certificate level qualifications and the • 2,040 water babies bookings service. transition of training and assessment resources to meet new The team also had to enhance their service strategies, staff • 6,908 Child Learn to Swim students Training Package requirements. Business development focussed Continued enhancement of the organisation’s CRM was development and program content at MSAC to stay competitive on the growth of external business and as at the end of year, delivered during the year to improve EDMs, member and deliver exceptional experiences to families and schools who • 567 Squad members the Institute was delivering education to 70% of enrolments communications member retention and report on engage in our programs. • 326 Adult Learn to Swim students to external industry and clients (30% to SSCT). campaign intelligence. The launch of PlanetSport Online during the year is the team’s • 393 Private Students A diverse range of SSCT employee training programs were We have also commenced new projects to enhance our first step into online services and now provides families with the delivered throughout the year and the Institute managed over suite of online services. These include improved functionality option to enrol online for this school holiday program. Further • 140 People with Disabilities 370 staff training programs. The Institute also continued to of our mobile site and significant changes to our online retail programs are under development for online service delivery. • 3,037 Schools Learn to Swim students support the wider business with its efforts to recruit and train stores. These upgrades will improve services to both the The Children’s Programs team delivered a wide range of community and to members and will provide a number The Swim School significantly improved its management trainees and enhance the learning experience for our staff programs and activities for schools and families to engage of new revenue opportunities. of Learn to Swim programs for Schools in the local area and traineeship programs. children in sport and recreation, promoting the benefits of delivered the above swim education to students from 15 The Sport Facility Management Series continued to expand its healthy and active lifestyles. 5,627 children enjoyed a birthday schools (with over 204 school visits). program offerings and launched the1st Leadership for Sports SPONSORSHIP & CORPORATE PARTNERSHIPS party experience, 12,623 students participated in our SportsOut Management Program to industry. The 6th International Sport and WipeOut schools programs, 2,297 children attended the In Term 1, the Swim School achieved its greatest enrolment for The Business Development team maintained sponsorship Facility Management Program was successfully delivered as part PlanetSport school holiday program and 31,048 enjoyed the Learn to Swim with 2,801 students. Retention in the Swim School relationships during the year and maximised our opportunities of this series, as well as our 3rd Successful Sport Facilities – from fun and excitement of our SplashOut program. is outstanding so the focus for the team in 2012/2013 has been with current partners for promotion of the Melbourne on new member acquisition. Strategically we have changed Concept to Reality held on the Gold Coast. Sports Hub. Additionally, the FlowRider provided children and families our enrolment processes to enable continuing enrolments As a result of the Sport Facility Management Series and other with a new experience at MSAC and the opportunity to We continued to receive great support from Peters, Coca throughout the year to capture new members and maximise business development activities, Consultancy Services secured develop different skills and socially engage. Over 6,000 people Cola and Rip Curl for the FlowRider who assisted us not only our Swim School enrolments for every Term. more projects in Victoria and South Australia. The MSAC Institute experienced a ride on the FlowRider during the year, 1,436 with sponsorship but great giveaways and incentives for our of Training also managed the Sports House venue which people completed FlowRider Lessons, 416 children enjoyed the We also launched our Swim School Online Enrolment System to community. Fairfax Media continued to support us with the included sales for commercial venue hire and daily support fun of a FlowRider Party, 117 people booked for exclusive use of assist with servicing existing members and making the process distribution of free daily newspapers for our visitors. of enrolment and payment easier. provided to tenant organisations. the FlowRider and 127 school children enjoyed a school activity Through our partnership with the Melbourne Bike Share on the FlowRider. As with Children’s Programs, programming appropriate facility station, MSAC also continued to offer our patrons and the local MARKETING, PUBLIC RELATIONS For the expansion of Children’s Programs, programming of space for the Swim School continues to be a challenge at MSAC community a bike share station. We provided bicycles for over & ONLINE SERVICES facility space continues to be a challenge at both MSAC and due to competing priorities to maximise commercial bookings 3,420 riders throughout the year to commute around Melbourne SNHC with both venues having competing priorities to and accommodate all user groups. This group delivered day to day support for the business or enjoy recreational cycling, being an increase in usage of maximise commercial bookings. divisions throughout the year as well as monthly campaigns 35% on the previous year. targeted at business plan priorities to promote SSCT as the
16 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 17 Corporate Services
5 YEAR PERFORMANCE
SSCT Financial History - Five Years (Cash Only) SSCT Financial History - Five Years (Accrual)
2013 2012 2011 2010 2009 2013 2012 2011 2010 2009
Income 21,746 21,707 19,458 17,945 15,177 Income 21,746 21,707 19,458 17,945 15,177
Expenses 20,942 19,237 17,213 16,703 15,620 Expenses 28,461 29,149 25,757 24,813 23,709
Net Result 804 2,470 2,245 1,242 -443 Net Result -6,715 -7,442 -6,299 -6,868 -8,532
INCOME EXPENSES NET RESULT INCOME EXPENSES NET RESULT
35,000 22,000
20,000 30,000
18,000 25,000
16,000 20,000 14,000 15,000 12,000
10,000 $’000 10,000
8,000 5,000
6,000 0
4,000 -5,000 2,000
-10,000 0
-2,000 -15,000
2013 2012 2011 2010 2008 2013 2012 2011 2010 2009
18 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 19 Corporate Services
HUMAN RESOURCES Staff profile by position in 2013 Injuries per 1000 visits Disability action plan
The Human Resources Unit develops, implements and The SSCT recognises the number and diversity of people with MALE FEMALE TOTAL 2013 2012 advises on a range of human resource strategies, policies disabilities in the community, and within its own workforce. and procedures and plays a key role in facilitating change Executive Officers >100k 4 1 5 MSAC 0.5 0.7 SSCT uses its position of influence in the community and within initiatives designed to assist staff to perform at their best Full time 29 28 57 SNHC 0.1 0.1 the network of public sector bodies to promote consistent in a healthy performance-based culture of ongoing business practises that do not exclude people with disabilities learning and innovation. Part time 63 56 119 LS 0.4 0.2 from within its own services, programs and facilities, and Highlights include: Casual 80 100 180 within its dealings with other agencies in the public and Total paid 176 185 361 private sectors. • The successful negotiation and approval of SSCT Qualifications of staff that provide activity supervision Enterprise Bargaining Agreement 2013 Total active 217 222 439 SSCT’s Disability Action Plan (DAP) addresses the four 2013 2012 outcome areas as set out in section 38 of the Disability • The integration of payroll, employee service portal Full time equivalent 167 NO. OF STAFF NO. OF STAFF Act 2006 (Victoria); and rostering software systems. 1st Aid Level 2 248 199 a) reduce barriers to persons with a disability accessing • The workforce shift from 80% casual staff to 73% goods, services and facilities permanent across Trust Staff profile by position in 2012 1st Aid Level 3 9 14 b) reducing barriers to persons with a disability obtaining • The purchase of an e-learning tool; scoped for Pool Lifeguard 124 124 MALE FEMALE TOTAL and maintaining employment compliance, induction and personal development. Defibrillation 18 27 Executive Officers >100k 4 1 5 c) promoting inclusion and participation in the community • The growth and development of SSCT employees to of persons with a disability support the management of a 4th sporting venue. Full time 27 19 46 Occupational Health and Safety d) achieving tangible changes in attitudes and practices • The expansion of SSCT’s staff career and development Part time 41 43 84 which discriminate against persons with a disability opportunities from compliance to personal development. Casual 96 132 228 Staff representatives from each work area form an Operational Risk Committee. The Committee meets on a regular basis and Consistent monitoring, evaluation and review indicate that • The journey to create a ‘Developing Champions in Life’ Total paid 168 195 363 implements reports and monitors issues of health and safety SSCT continues to meet all commitments within timeframes culture, living and promoting the values of Integrity, Total active 236 253 489 for both staff and patrons. as indicated in the plan. Teamwork and Passion. Full time equivalent 149 No time was lost to industrial disputes in 2013 (2012: 0), Workforce profile and 66 days were lost due to work related injuries (2012: 12).
The State Sport Centres Trust is committed to applying merit SSCT is an equal opportunity employer. The SSCT Enterprise and equity principles when appointing staff. The selection Agreement contains a dispute resolution clause. processes ensure that applicants are assessed and evaluated fairly and equitably on the basis of the key selection criteria Incident management and other accountabilities without discrimination. SSCT staff demonstrates unwavering commitment to safety The total number of personnel employed by the State excellence; including compliance with the legislation and Sport Centres Trust as at 30 June 2013 was 439. standards relating to the provision of health and safety in public sporting facilities.
20 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 21 Corporate Services Lakeside Stadium
RETAIL & CONCESSIONS CATERING MSAC, SNHC and Lakeside Stadium Catering On the 31st August 2011 the State Sport Major events included: Artistic Culinaire, the outsourced caterer at MSAC ceased Centres Trust was appointed as the committee • Australian Public Schools Championship (22 October 2011) Retail Operations operations at MSAC in November 2012 and an in-house model of management of Lakeside Stadium located in Albert Park. • Athletics Victoria ZATOPEK:10 (10 December 2011) Total income of $937K was generated by the retail outlets at was employed by the Trust. MSAC with the best selling items again being goggles which Lakeside Stadium culminated from a Government Project • SMFC vs Sydney Olympic (11 December 2011) Management faced some challenges initially with the setting sold over 10,000 pairs during the year. The average spend per delivered by DPCD to upgrade the existing Lakeside Oval to up and establishment of the catering operation. Gradually • Australian Athletics Olympic Trials (2 -3 March 2012) customer was $37.54 at the Speedo Shop and $42.19 at the accommodate relocation from Melbourne Olympic Park of the improved results have been realised following the recruitment MSAC Shop. Victorian Institute of Sport, Athletics Victoria and the existing The initial operational planning and commitment in ensuring of an experienced Catering Manager and a more stable suite tenant South Melbourne Football Club. In addition the tenant availability of the facility is maintained has culminated in the Salaries were reduced by 8% compared to budget as of staff. $1.37M of income was generated at MSAC for the 7 group has further increased with Athletics Australia, Little success of accommodating the number of athletics events an initiative to reduce expenditure and reflective of the months of operation adopting the in-house model. Athletics Victoria and Australian Little Athletics. and football matches to date. general fall in sales compared to target. Total revenue generated by the catering operations at SNHC On the 30th September 2011 the Trust was given partial The on-line sales initiative has not performed as well as initially totalled $1.0M, helped significantly by the Hockey Champions Summary of events: handover of the facility and commenced a rapid operational expected. A full review of retail operations will be undertaken Trophy in December 2012 this resulted in a net return to readiness process including both staff training and investment 75 Athletics in the new financial year to measure its true worth to the Trust the Trust of 36%, compared to the 30% return achieved in in necessary equipment. and ensure that it continues to play a vital role in the services 2011/2012. 13 Football it offers our customers. The challenges presented at time of handover were A full 12 months of operations at Lakeside Stadium achieved The final completion of building works being the Athletics successfully tackled by a staff group that displayed unified $310K in revenue and resulted in a 33% net return to the Trust. Sports bodies accommodation will be completed by the team work, integrity and passion in overcoming the numerous end of July 2013. The Supply Rights agreement with Coca Cola was renegotiated hurdles to test and commission the facility to meet immediate for a further 5 year term, delivering a 52% increase compared event commitments generated from the closure of Olympic to the previous agreement. Park and to accommodate schools and community events. Coca Cola, Smiths, Lion Dairy, Peters, Cadbury, Dimmatina, Lavazza and CUB continue to be supply partners to the Trust across the three venues.
22 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 23 Legislative & Government Policy Compliance
FREEDOM OF INFORMATION Compliance with Building Act 1993 • Inner South Community Rehabilitation Programs by the Trust’s Accountable Officer and is available on request, subject to the Freedom of Information Act 1982. Over the past year, nothing in the Building Act 1993 applies • Cultural awareness workshops The Freedom of Information Act 1982 allows for the public to the carrying out of works authorised by or in accordance a right of access to documents held by the Trust. During the • Recruitment targeting Indigenous Australians with the State Sport Centres Act or at the request of the DISCLOSURE OF GRANTS period to 30 June 2013 the Trust received no requests for Trust. The Trust has however undertaken to comply with the • Disability awareness workshops AND TRANSFER PAYMENTS information pursuant to the Freedom of Information Act specifications of the Building Act 1993 wherever applicable. 1982. (2012: 1). • Training and promotion of the National Relay Service State Sport Centres Trust – Operational Funding for the hearing imparied State Sport Centres Trust – Capital Funding National Competition Policy Making a Request • Adult Swimming Instructions for persons with a disability MSAC Stage 2 – Additional Works Funding 2011 – 2012 The Trust applies the principles of competitive neutrality to State Sport Centres Trust – Albert by the Lake Access to documents may be obtained through written all commercial operations in accordance with the Victorian • Modified Group exercise classes requests to the Chief Executive Officer - State Sport Centres Government Competitive Neutrality Policy, where it is in Trust, as detailed in s17 of the Freedom of Information Act • Work experience programs for students with special needs Grant 1 – Operations Funding (Grant) competition with private sector enterprises, but where the 1982. In summary, the requirements for making a request are: • Strategic partnerships provision of services or facilities by the Trust is deemed to ORGANISATION RECEIPT ($) • It should be in writing; be in the public benefit, the principles are not applied. DPCD 1,500,000 • It should identify as clearly as possible which CONSULTANCY SERVICES DPCD 2,613,276 # document is being requested; and Implementation of the Victorian Consultancies costing in excess of $100,000 Industry Participation Policy DPCD 40,000 • It should be accompanied by the appropriate application In October 2003, the Victorian Parliament passed the Victorian DPCD 100,000 fee (the fee may be waived in certain circumstances). 2013 2012 Industry Participation Policy Act 2003, which requires the Trust Total 4,253,276 Requests for documents in the possession of SSCT Name NA NA to report on the implementation of the Victorian Industry should be addressed to: Participation Policy (VIPP). The Trust is required to apply VIPP in Description NA NA The Chief Executive Officer - State Sport Centres Trust all tenders over $3 million. During 2012/2013 the Trust did not Grant 1 – Operations Funding (Disbursement) Project NA NA Melbourne Sports and Aquatic Centre, commence or complete a contract to which the VIPP applied. ORGANISATION PAYMENT ($) Box 1, Aughtie Drive, Albert Park, 3206 Amount $nil $nil Sport Tenant Associations 755,227 Requests can also be lodged online at www.foi.vic.gov.au COMMUNITY INCLUSIVENESS Future Commitment $nil $nil Support to Sport 800,000 Access to charges may also apply once documents have been processed and a decision on access is made; for example The State Sport Centres Trust is committed to ensuring Consultancies costing less than $100,000 Maintaining Facility Availability 2,661,125 photocopying and search retrieval charges. optimal access to and utilisation of the facilities by the Works to Stage 2 40,000 Victorian Community. SSCT continues to focus on growing 2013 2012 Further information regarding Freedom of Information programs that embrace the cultural and economic diversity Albert by the Lake 100,000 can be found at www.foi.vic.gov.au of the State of Victoria and more specifically, the City of Number: 6 5 Capital Projects 2012/13 2,011,124 Port Phillip. Some examples of such programs can be Total Amount $85,775 $58,639 Categories of Documents seen in the following areas; Contribution to Financial, Operational & Sustainability review of the State 50,000
The Trust maintains records and files incorporating documents • Traineeships - The City of Port Phillip has access to Sport Centres Trust relating to general administrative matters and the operation INFORMATION AVAILABLE ON REQUEST wonderful career opportunities at SSCT. An extensive range Total 6,417,476* of SSCT facilities. All records and files are maintained at the of Federal and State Government endorsed traineeships are Relevant information detailed in Financial Reporting Direction Trust’s premises at Albert Park and Royal Park. offered across all SSCT Venues and work areas (FRD) 22C ‘Standard Disclosures in the Report of Operations’ * Note – excess expenditure above grant is funded as a part of business operations or from reserves. # Note - $613,276 received in 2012/13 for works to be undertaken under the Financial Management Act 1994 Section 3 is retained at Lakeside Stadium in 2013/14.
24 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 25 Financial Overview Disclosure Index and Disclosure
FINANCIAL REVIEW OF OPERATIONS AND FINANCIAL CONDITION
FIVE YEAR HISTORY The Annual Report of the State Sport Centres Trust is prepared in accordance with all relevant Victorian legislations. This index has been prepared to facilitate identification of the Trust’s compliance with statutory requirements. The Trust made an operating surplus of $804K, with a net deficit of $6.715M when depreciation is taken into account.
MINISTERIAL DIRECTIONS
SSCT 2013 SSCT 2012 SSCT 2011 SSCT 2010 SSCT 2009 PAGE $’000 $’000 $’000 $’000 $’000 LEGISLATION REQUIREMENT REFERENCE Revenue 21,746 21,707 19,458 17,945 15,177 FRD 22 Manner of establishment and relevant Ministers 6 Operating expenses 20,942 19,237 17,213 16,703 15,620 FRD 22 Objectives, functions, powers and duties 6 Depreciation 7,519 9,912 8,544 8,110 8,089 FRD 22 Nature and range of services provided 7 Net result (6,715) (7,442) (6,299) (6,868) (8,532)
Total assets 329,555 272,063 255,990 254,183 257,652
Total liabilities 9,148 7,810 3,540 2,410 2,056 MANAGEMENT AND STRUCTURE
PAGE LEGISLATION REQUIREMENT REFERENCE
Operating Statement Changes in Equity FRD 22 Organisation structure 8
The State Sport Centres Trust recorded an operating surplus The State Sport Centres Trust recorded an increase in equity before depreciation $0.804 million in 2012/13 which included of $56.154 million in 2012/13. This position was due to the Operational funding from government of $2.253 million for following key factors: FINANCIAL AND OTHER INFORMATION MSAC, SNHC and Lakeside Stadium. After taking account of • A depreciation charge of $7.519 million offset by a depreciation charge of $7.519 million for the year, the SSCT government capital and operational funding of $4.253 PAGE recorded a deficit of $6.715 million. LEGISLATION REQUIREMENT million and the transfer of Lakeside Stadium to the REFERENCE Trust of $60.869 million. FRD 22 Statement of workforce data 20 Balance Sheet FRD 22 Summary of the financial results for the year 26 Major changes to the balance sheet include the following: Cash Flow FRD 22 Significant changes in the financial position during the year 26 • An increase in Property, Plant & Equipment following The State Sport Centres Trust recorded a decrease in cash FRD 22 Major changes or factors affecting performance 26 the transfer of Lakeside Stadium of $60.869 million; held of $0.722 million in 2012/13. This included the following key impact: FRD 22 Subsequent events 44 • A large reduction in Receivables following significant collections during the year. • Reflective of a cash operating surplus of $0.804 million FRD 22 Application and operation of Freedom of Information Act 24 offset by capital expenditure in excess of capital funding FRD 22 Compliance with building and maintenance provisions of Building Act 1993 24 and funded from operating grants of approximately $1.6 million. FRD 22 Statement on National Competition Policy 24 FRD 22 Application and operation of the Protected Disclosure Act 2012 74
FRD 22 Details of consultancies over $100,000 and under $100,000 25
FRD 22 Statement of availability of other information 25
FRD 22 Occupational health and safety 21
26 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 27 Disclosure Index
FINANCIAL AND OTHER INFORMATION (CONTINUED) OTHER DISCLOSURES IN NOTES TO THE FINANCIAL STATEMENTS
PAGE PAGE LEGISLATION REQUIREMENT LEGISLATION REQUIREMENT REFERENCE REFERENCE
FRD 15 Executive officer disclosures 57.58 FRD 13 Disclosure of parliamentary appropriates 43
FRD 10 Disclosure index 27 FRD 21 Responsible person and executive officer disclosures 57.58
FRD 25 Victorian Industry Participation Policy Disclosures 24 FRD 23 Superannuation liabilities and disclosures 59
FRD 22 Objectives and Performance Against Objectives 10
FRD 22 Merit and Equity 20 CONSIDERED ACTS: PAEC 87 Disclosure of Grants and Transfer Payments 25 • Freedom of Information Act 1982 24
• Protected Disclosure Act 2012 74
FINANCIAL STATEMENTS: • Building Act 1993 24 FINANCIAL STATEMENTS REQUIRED UNDER PART 7 OF THE FMA
PAGE LEGISLATION REQUIREMENT REFERENCE
SD 4.2c Compliance with Australia accounting standards and other authoritative pronouncements 36
SD 4.2c Compliance with Ministerial Directions 36
SD 4.2d Rounding of amounts 37
SD 4.2c Accountable officer declaration 71
SD 4.2f Model Financial Report 36
SD 4.b Operating Statement 32
SD 4.2b Balance Sheet 33
SD 4.2b Statement of Changes in Equity 34
SD 4.2b Cash Flow Statement 35
28 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 29 Contents ANNUAL FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30TH JUNE 2013
COMPREHENSIVE OPERATING STATEMENT 32 BALANCE SHEET 33 STATEMENT OF CHANGES IN EQUITY 34 CASH FLOW STATEMENT 35 NOTES TO THE FINANCIAL STATEMENTS 36 1. Summary of significant accounting policies 36 2. Going concern 46 3. Income from transactions 46 4. Expenses from transactions 47 5. Other economic flows included in net result 48 6. Cash and deposits 48 7. Receivables 48 8. Inventories 49 9. Property, plant and equipment 50 10. Other non financial assets 53 11. Payables 53 12. Provisions 54 13. Other liabilities 55 14. Reserves 55 15. Commitments 56 16. Cash flow information 56 17. Responsible persons 57 18. Superannuation 59 19. Remuneration of auditors 59 20. Contingent assets and liabilities 59 21. Financial instruments 60 22. Glossary of terms 69 CERTIFICATION 71
30 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT Annual Financial Statements
Comprehensive Operating Statement Balance Sheet - As at 30 June 2013 For the financial year ended 30 June 2013
($ THOUSAND) NOTES SSCT 2013 SSCT 2012 ($ THOUSAND) NOTES SSCT 2013 SSCT 2012
INCOME FROM TRANSACTIONS ASSETS
Sale of goods and services 3(a) 19,030 17,323 FINANCIAL ASSETS
Grants 3(b) 2,497 4,134 Cash and deposits 6,22 5,366 6,088
Interest 3(c) 219 250 Receivables 7 1,007 2,593
Total income from transactions 21,746 21,707 Total financial assets 6 ,373 8,681
NON-FINANCIAL ASSETS
EXPENSES FROM TRANSACTIONS Inventories 8 292 248
Employee expenses 4(a) (9,515) (8,730) Property, plant and equipment 9 322,649 262,976
Depreciation 4(b) (7,519) (9,912) Other non-financial assets 10 241 158
Other operating expenses 4(c) (11,427) (10,507) Total non-financial assets 323,182 263,382
Total expenses from transactions (28,461) (29,149) Total assets 329,555 272,063 Net result from transactions (net operating balance) (6,715) (7,442)
LIABILITIES
OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT Payables 11 2,834 2,226
Net (loss)/gain on financial assets 5(a) - - Provisions 12 755 631
Total other economic flows included in net result - - Other liabilities 13,22 5,559 4,953
Net result (6,715) (7,442) Total liabilities 9,148 7,810
Net assets 320,407 264,253 OTHER ECONOMIC FLOWS - OTHER COMPREHENSIVE INCOME EQUITY Changes in physical asset revaluation surplus 14 - 19,245 Accumulated deficit (46,788) (40,073) Total other economic flows - 19,245 - other comprehensive income Physical asset revaluation surplus 14 117,776 117,776
Comprehensive result (6,715) 11,803 Contributed capital 249,419 186,550
Total equity 320,407 264,253
The comprehensive operating statement should be read in conjunction with the accompanying notes. The balance sheet should be read in conjunction with the accompanying notes.
32 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 33 Annual Financial Statements
Statement of Changes in Equity Cash Flow Statement For the financial year ended 30 June 2013 For the financial year ended 30 June 2013
ASSET ($ THOUSAND) NOTES SSCT 2013 SSCT 2012 ACCUMULATED CONTRIBUTED ($ THOUSAND) NOTES REVALUATION TOTAL DEFICIT CAPITAL SURPLUS CASH FLOWS FROM OPERATING ACTIVITIES
BALANCE AT 1 JULY 2011 98,531 (32,631) 186,550 252,450 RECEIPTS
Net result for the year - (7,442) - (7,442) Receipts from customers 22,289 20,231
Other comprehensive income for the year 14 19,245 - - 19,245 Receipts from Government 2,497 7,656
Capital appropriations - - - - Goods and Services Tax recovered from the ATO 959 1,556
Interest received 192 263
BALANCE AT 30 JUNE 2012 117,776 (40,073) 186,550 264,253 Total receipts 25,937 29,706
Net result for the year - (6,715) - (6,715) PAYMENTS
Other comprehensive income for the year 14 - - - - Payments to suppliers and employees (21,251) (20,441)
Capital appropriations - - 62,869 62,869 Goods and Services Tax paid to the ATO (1,085) (2,100)
Total payments (22,336) (22,541)
BALANCE AT 30 JUNE 2013 117,776 (46,788) 249,419 320,407 Net cash flows from operating activities 16(b) 3,601 7,165
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for non-financial assets (6,323) (6,637)
Net cash flows (used in)/from investing activities (6,323) (6,637)
CASH FLOWS FROM FINANCING ACTIVITIES
Owner contributions by State Government 2,000 -
Net cash flows from financing activities 2,000 -
Net increase in cash and cash equivalents (722) 528
Cash and cash equivalents at end of financial year 6,088 5,560
Cash and cash equivalent at end of financial year 16(a) 5,366 6,088
The statement of changes in equity should be read in conjunction with the accompanying notes. The cash flow statement should be read in conjunction with the accompanying notes.
34 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 35 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
Judgements, estimates and assumptions are required to be At the time of reporting, SSCT Act has not been amended Transactions can be in kind (e.g. assets provided/given free NOTE 1. made about the carrying values of assets and liabilities that to include Lakeside Stadium; however the SSCT, was appointed of charge or for nominal consideration) or where the final SUMMARY OF SIGNIFICANT are not readily apparent from other sources. The estimates and as the committee of management of the Lakeside Oval Reserve consideration is cash. associated assumptions are based on professional judgements under section 14(2) of the Crown Land (Reserves) Act 1978. ‘Other economic flows’ are changes arising from ACCOUNTING POLICIES derived from historical experience and various other factors Therefore, details on the Lakeside Stadium financial have market re-measurements. They include: The annual financial statements represent the audited that are believed to be reasonable under the circumstances. been incorporated into Melbourne Sports and Aquatic general purpose financial statements for State Sport Actual results may differ from these estimates. Centre (MSAC). • gains and losses from disposals; and Centres Trust (SSCT) for the period ending 30 June 2013. Revisions to accounting estimates are recognised in the Its principal address is: • revaluations and impairments of non-financial physical The purpose of the report is to provide users with information period in which the estimate is revised and also in future State Sport Centres Trust and intangible assets. periods that are affected by the revision. Judgements and Box 1, Aughtie Drive, about the SSCT’s stewardship of resources entrusted to it. The net result is equivalent to profit or loss derived in assumptions made by management in the application of Albert Park VIC 3206 accordance with AASs. AASs that have significant effects on the financial A. STATEMENT OF COMPLIANCE SSCT is deemed a not-for-profit entity by being excluded statements and estimates relate to: from “FRD 108 – Classification of Entities as For-Profit” issued Balance sheet These general purpose financial statements have been • the fair value of land, buildings, infrastructure, plant by the Department of Treasury and Finance. prepared in accordance with the Financial Management Act Assets and liabilities are presented in liquidity order with assets and equipment; and 1994 (FMA) and applicable Australian Accounting Standards A description of the nature of SSCT operations and its principal aggregated into financial assets and non-financial assets. (AAS) which include Interpretations, issued by the Australian • actuarial assumptions for employee benefit provisions. activities is included in the report of operations, which does Current and non-current assets and liabilities (non-current Accounting Standards Board (AASB). In particular, they are not form part of these financial statements. These financial statements are presented in Australian being those assets or liabilities expected to be recovered presented in a manner consistent with the requirements dollars, and prepared in accordance with the historical or settled more than 12 months) are disclosed in the notes, of the AASB 1049 Whole of Government and General cost convention except for: D. SCOPE AND PRESENTATION where relevant. Government Sector Financial Reporting. OF FINANCIAL STATEMENTS • non-financial physical assets which, subsequent to Where appropriate, those AAS paragraphs applicable Cash flow statement acquisition, are measured at a revalued amount being their Comprehensive operating statement to not-for-profit entities have been applied. fair value at the date of the revaluation less any subsequent Cash flows are classified according to whether or not they Income and expenses in the comprehensive operating Accounting policies are selected and applied in a manner accumulated depreciation and subsequent impairment arise from operating, investing, or financing activities. This statement are classified according to whether or not they which ensures that the resulting financial information satisfies losses. Revaluations are made with sufficient regularity to classification is consistent with requirements under AASB arise from ‘transactions’ or ‘other economic flows’. This the concepts of relevance and reliability, thereby ensuring that ensure that the carrying amounts do not materially differ 107 Statement of Cash Flows. classification is consistent with the whole of government the substance of the underlying transactions or other events from their fair value; and reporting format and is allowed under AASB 101 Presentation is reported. • the fair value of an asset other than land is generally of financial statements. Statement of changes in equity The annual financial statements were authorised for issue based on its depreciated replacement value. ‘Transactions’ and ‘other economic flows’ are defined by The statement of changes in equity presents reconciliations on behalf of SSCT by Mr. Brett Moore, Chairperson of Audit Australian System of Government Finance Statistics: Concepts, of non-owner and owner changes in equity from opening and Risk Committee of SSCT and Mr. Simon Weatherill, C. REPORTING ENTITY Sources and Methods 2005 and Amendments to Australian balance at the beginning of the reporting period to the Chief Executive Officer and Accountable Officer of SSCT, System of Government Finance Statistics, 2005 (ABS Catalogue closing balance at the end of the reporting period. It also on the 29th August 2013. The financial statements include all the controlled activities of shows separately changes due to amounts recognised in the the SSCT, which is a statutory authority established under the No. 5514.0) (the GFS manual, refer to Note 44). ‘Comprehensive result’ and amounts recognised in ‘Other State Sport Centres (Amendment) Act 2004 No. 70 (“Act”). ‘Transactions’ are those economic flows that are considered B. BASIS OF ACCOUNTING PREPARATION economic flows – other comprehensive income’ related to to arise as a result of policy decisions, usually interactions AND MEASUREMENT SSCT manages both the Melbourne Sports and Aquatic Centre ‘Transactions with owner in its capacity as owner’. (MSAC), incorporating MSAC Institute of Training, and the between two entities by mutual agreement. Transactions The accrual basis of accounting has been applied in the State Netball Hockey Centre (SNHC). Sections 14 and 15 of the also include flows within an entity, such as depreciation preparation of these financial statements whereby assets, Rounding of amounts Act requires MSAC and SNHC to be managed as independent where the owner is simultaneously acting as the owner of liabilities, equity, income and expenses are recognised in Strategic Business Units, each producing a Business Plan and the depreciating asset and as the consumer of the service Amounts in the financial statements have been rounded the reporting period to which they relate, regardless of operating independently with separate and individual financial provided by the asset. Taxation is regarded as mutually to the nearest $1,000, unless otherwise stated. Figures in when cash is received or paid. operations and accounts. It is the Government and SSCT’s policy agreed interactions between the Government and taxpayers. the financial statements may not equate due to rounding. that the Centres will not receive any cross subsidies for operation.
36 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 37 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
E. INCOME FROM TRANSACTIONS Interest Depreciation Other operating expenses
Income is recognised to the extent that it is probable Interest includes interest received on deposits and other All assets, buildings, plant and equipment and other non Other operating expenses generally represent the that the economic benefits will flow to the entity and investments and the unwinding over time of the discount financial physical assets (excluding items under operating day-to-day running costs incurred in normal operations. the income can be reliably measured. on financial assets. Interest income is recognised using the leases, assets held for sale, land and investment properties) effective interest method which allocates the interest over that have finite useful lives are depreciated. Depreciation Supplies and services Sale of goods and services the relevant period. is generally calculated on a straight-line basis, at rates that Supplies and services costs which are recognised as an allocate the asset’s value, less any estimated residual value, Income from the supply of services expense in the reporting period in which they are incurred. Grants over its estimated useful life. The carrying amounts of any inventories held for distribution Income from the supply of services is recognised by reference Income from grants (other than contributions by owners) is Leasehold improvements are depreciated over the period are expensed when distributed. to the stage of completion of the services being performed. recognised when SSCT obtains control over the contribution. of the lease or estimated useful life, whichever is the shorter, The income is recognised when: using the straight-line method. The estimated useful lives, Bad and doubtful debts • the amount of the income, stage of completion and residual values and depreciation method are reviewed at F. EXPENSES FROM TRANSACTIONS Bad and doubtful debts are assessed on a regular basis. transaction costs incurred can be reliably measured; and the end of each annual reporting period. Expenses from transactions are recognised as they are incurred, Those bad debts considered as written off by mutual consent • it is probable that the economic benefits associated Buildings are depreciated based on estimated useful life and reported in the financial year to which they relate. are classified as a transaction expense. Those written off provided by independent valuation effective 30th June with the transaction will flow to SSCT. unilaterally and the allowance for doubtful receivables, are 2012 by a Valuer appointed by the Valuer General Victoria. classified as other economic flows (refer to Note 1(h) Financial • Under the stage of completion method, income is Employee expenses assets – Impairment of financial assets). recognised by reference to labour hours supplied or to The following are typical estimated useful lives for the These expenses include all costs related to employment labour hours supplied as a percentage of total services different asset classes for both current and prior years: (other than superannuation which is accounted for to be performed in each annual reporting period. Fair value of assets and services provided separately) including wages and salaries, fringe benefits free of charge or for nominal consideration tax, leave entitlements, redundancy payments and 2013 2012 Income from sale of goods WorkCover premiums. Contributions of resources provided free of charge or for Buildings 15 - 110 years 15 - 40 years nominal consideration are recognised at their fair value Income from the sale of goods is recognised when: when the transferee obtains control over them, irrespective Superannuation Plant and Equipment 5 – 40 years 5 – 40 years • SSCT no longer has any of the significant risks and rewards of whether restrictions or conditions are imposed over the use of ownership of the goods transferred to the buyer; The amount recognised in the comprehensive operating Office Furniture 5 – 15 years 5 – 15 years of the contributions, unless received from another government statement is the employer contributions for members of department or agency as a consequence of a restructuring of • SSCT no longer has continuing managerial involvement to Computer Equipment 3 – 5 years 3 – 5 years defined contribution superannuation plans that are paid administrative arrangements. In the latter case, such a transfer the degree usually associated with ownership, nor effective or payable during the reporting period. Gym Equipment 5 – 10 years 5 – 10 years will be recognised at its carrying value. control over the goods sold; Other Equipment 2 – 40 years 2 – 40 years Contributions in the form of services are only recognised • the amount of income, and the costs incurred or to when a fair value can be reliably determined and the be incurred in respect of the transactions, can be Leasehold Improvements 5 - 40 years 5 - 40 years services would have been purchased if not donated. reliably measured;
• it is probable that the economic benefits associated Land is considered to have an indefinite life, and is not with the transaction will flow to the SSCT; and depreciated. Depreciation is not recognised in respect of • Sale of goods and services includes regulatory fees which this asset as its service potential has not, in any material are recognised at the time the regulatory fee is billed. sense, been consumed during the reporting period.
38 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 39 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
G. OTHER ECONOMIC FLOWS Recoverable amount for assets held primarily to generate net Contractual receivables are classified as financial I. NON-FINANCIAL ASSETS INCLUDED IN THE NET RESULT cash inflows is measured at the higher of the present value of instruments and categorised as loans and receivables. Inventories future cash flows expected to be obtained from the asset and Statutory receivables, are recognised and measured similarly Other economic flows measure the change in volume or fair value less costs to sell. to contractual receivables (except for impairment), but are not Inventories include goods and other property held either for value of assets or liabilities that do not result from transactions. classified as financial instruments because they do not arise sale or for distribution at zero or nominal cost in the ordinary Other gains/(losses) from other economic flows from a contract. course of business operations. Inventories held for distribution These include: are measured at the lower of cost and net realisable value. Other gains/(losses) from other economic flows Receivables are subject to impairment testing as described • Net gain/(loss) on non-financial assets include the gains or losses from: below. A provision for doubtful receivables is recognised Property, plant and equipment • Net gain/(loss) on non-financial assets includes when there is objective evidence that the debts may not • The revaluation of the present value of the long service realised and unrealised gains and losses as follows: be collected, and bad debts are written off when identified. All non-financial physical assets are measured initially at cost leave liability due to changes in the bond interest rates; and The average credit period for sales of goods and services and subsequently revalued at fair value less accumulated • Transfer of amounts from the reserves and/or Revaluation gains/(losses) of non-financial and for other receivables is 30 days. No interest is charged depreciation and impairment. The cost of constructed non- accumulated surplus to net result due to disposal physical assets on other receivables for outstanding balances. financial physical assets includes the cost of all materials or derecognition or reclassification used in construction, direct labour on the project, and an Refer to accounting policy on Property, plant and appropriate proportion of variable and fixed overheads. equipment, provided in Note 1(i) Non-financial assets. Investments H. FINANCIAL ASSETS The fair value of plant, equipment and vehicles, is normally Investments are classified in the following categories: determined by reference to the asset’s depreciated replacement Disposal of non-financial assets Cash and deposits • Loans and receivables cost. For plant, equipment and vehicles, existing depreciated Any gain or loss on the disposal of non financial assets is Cash and deposits, including cash equivalents, comprise cash historical cost is generally a reasonable proxy for depreciated The classification depends on the purpose for which recognised at the date of disposal and is determined after on hand and cash at bank, deposits at call and those highly replacement cost because of the short lives of the the investments were acquired. Management determines deducting from the proceeds the carrying value of the liquid investments with an original maturity of three months assets concerned. the classification of its investments at initial recognition. asset at that time. or less, which are held for the purpose of meeting short term cash commitments rather than for investment purposes, and Any interest earned on the financial asset is recognised in Leasehold improvements Impairment of non-financial assets which are readily convertible to known amounts of cash and the comprehensive operating statement as a transaction. are subject to an insignificant risk of changes in value. The cost of leasehold improvements is capitalised as an asset All of SSCT’s non-financial assets are assessed annually for and depreciated over the shorter of the remaining term of the Impairment of financial assets indications of impairment, except for inventories. If there is Receivables lease or the estimated useful life of the improvements. an indication of impairment, the assets concerned are tested At the end of each reporting period, SSCT assesses whether as to whether their carrying value exceeds their possible Receivables consist of: there is objective evidence that a financial asset or group of Revaluations of non financial physical assets recoverable amount. Where an assets carrying value exceeds financial assets is impaired. All financial instrument assets, • Contractual receivables, which include mainly debtors its recoverable amount, the difference is written off as an other except those measured at fair value through profit or loss, are Non-financial physical assets are measured at fair value in relation to goods and services, loans to third parties, economic flow, except to the extent that the write-down can subject to annual review for impairment. on a cyclical basis, in accordance with the Financial Reporting and accrued investment income; and be debited to an asset revaluation surplus amount applicable Directions (FRDs) issued by the Minister for Finance. A full Receivables are assessed for bad and doubtful debts on a to that class of asset. • Statutory receivables, which include predominantly revaluation normally occurs every five years, based upon the regular basis. Those bad debts considered as written off by amounts owing from the Victorian Government and asset’s government purpose classification but may occur more It is deemed that, in the event of the loss or destruction of an mutual consent are classified as a transaction expense. GST input tax credits recoverable. Receivables that are frequently if fair value assessments indicate material changes asset, the future economic benefits arising from the use of the contractual are classified as financial instruments. Statutory In assessing impairment of statutory (non-contractual) financial in values. Independent valuers are generally used to conduct asset will be replaced unless a specific decision to the contrary receivables are not classified as financial instruments. assets, which are not financial instruments, professional these scheduled revaluations. Certain infrastructure assets are has been made. The recoverable amount for most assets is judgement is applied in assessing materiality using estimates, revalued using specialised advisors. Any interim revaluations measured at the higher of depreciated replacement cost and averages and other computational methods in accordance with are determined in accordance with the requirements fair value less costs to sell. AASB 136 Impairment of Assets. of the FRDs.
40 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 41 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
Revaluation increases or decreases arise from differences J. LIABILITIES i. Wages and salaries, annual leave and sick leave iii. Termination benefits between an asset’s carrying value and fair value. Payables Liabilities for wages and salaries, annual leave, Termination benefits are payable when employment is Net revaluation increases (where the carrying amount of a class accumulating sick leave and including non-monetary terminated before the normal retirement date, or when an Payables consist predominantly of accounts payable and other of assets is increased as a result of a revaluation) are recognised benefits are recognised in the provision for employee employee accepts voluntary redundancy in exchange for sundry liabilities. Accounts payable represent liabilities for in ‘Other economic flows – other comprehensive income’, and benefits, classified as current liabilities. Those liabilities these benefits. The SSCT recognises termination benefits goods and services provided to the SSCT prior to the end of accumulated in equity under the asset revaluation surplus. which are expected to be settled within 12 months of the when it is demonstrably committed to either terminating the financial year that are unpaid, and arise when the SSCT However, the net revaluation increase is recognised in the net reporting period, are measured at their nominal values. the employment of current employees according to a becomes obliged to make future payments in respect of the result to the extent that it reverses a net revaluation decrease Those liabilities that are not expected to be settled within detailed formal plan without possibility of withdrawal or purchase of those goods and services. Other liabilities included in respect of the same class of property, plant and equipment 12 months are also recognised in the provision for employee providing termination benefits as a result of an offer made in payables mainly consist of accrued expenses, goods and previously recognised as an expense (other economic flows) benefits as current liabilities, but are measured at present to encourage voluntary redundancy. Benefits falling due services tax and fringe benefits tax payables. in the net result. value of the amounts expected to be paid when the more than 12 months after the end of the reporting Payables are initially recognised at fair value, being the cost liabilities are settled using the remuneration rate period are discounted to present value. Net revaluation decreases are recognised in ‘Other economic of the goods and services, and subsequently measured at expected to apply at the time of settlement. flows – other comprehensive income’ to the extent that a credit amortised cost. balance exists in the asset revaluation surplus in respect of the Employee benefits on-costs ii. Long service leave same class of property, plant and equipment. Otherwise, the Employee benefits on-costs such as payroll tax, workers Provisions net revaluation decreases are recognised immediately as other Liability for long service leave (LSL) is recognised in compensation and superannuation are recognised separately economic flows in the net result. The net revaluation decrease Provisions are recognised when SSCT has a present obligation, the provision for employee benefits. from the provision for employee benefits. recognised in ‘Other economic flows – other comprehensive the future sacrifice of economic benefits is probable, and the Unconditional LSL is disclosed in the notes to the financial income’ reduces the amount accumulated in equity under the amount of the provision can be measured reliably. statements as a current liability, even where SSCT does not K. LEASES asset revaluation surplus. The amount recognised as a liability is the best estimate of expect to settle the liability within 12 months because it will A lease is a right to use an asset for an agreed period of Revaluation increases and decreases relating to individual the consideration required to settle the present obligation not have the unconditional right to defer the settlement of time in exchange for payment. assets within a class of property, plant and equipment, are at reporting period, taking into account the risks and the entitlement should an employee take leave within offset against one another within that class but are not offset uncertainties surrounding the obligation. Where a provision is 12 months. Leases are either classified at their inception as either in respect of assets in different classes. Any asset revaluation measured using the cash flows estimated to settle the present operating or finance leases based on the economic substance The components of this current LSL liability are measured at: surplus is not normally transferred to accumulated funds on obligation, its carrying amount is the present value of those of the agreement so as to reflect the risks and rewards incidental derecognition of the relevant asset. cash flows, using discount rate that reflects the time value of • Nominal value – component that SSCT expects to to ownership. Leases of property, plant and equipment are money and risks specific to the provision. settle within 12 months; and classified as finance infrastructure leases whenever the terms Other non-financial assets of the lease transfer substantially all the risks and rewards of When some or all of the economic benefits required to settle • Present value – component that SSCT does not ownerships from the lessor to the lessee. All other leases are Other non-financial assets include prepayments and accrued a provision are expected to be received from a third party, the expect to settle within 12 months. classified as operating leases. income. Prepayments represents payments in advance of receivable is recognised as an asset if it is virtually certain that Conditional LSL is disclosed as a non-current liability. There receipt of goods or services or that part of expenditure made recovery will be received and the amount of the receivable The SSCT does not hold any finance leases. Operating lease is an unconditional right to defer the settlement of the in one accounting period covering a term extending beyond can be measured reliably. payments are recognised as an expense in the comprehensive entitlement until the employee has completed the requisite that period. operating statement on a straight-line basis over the lease years of service. This non-current LSL liability is measured at term. The leased asset is not recognised in the balance sheet. Employee benefits present value. Provision is made for benefits accruing to employees in Any gain or loss following revaluation of the present value L. EQUITY respect of wages and salaries, annual leave and long service of non-current LSL liability is recognised as a transaction, leave for services rendered to the reporting date. except to the extent that a gain or loss arises due to changes Additions to net assets which have been designated as in bond interest rates for which it is then recognised as an contributions by owners are recognised as contributed ‘other economic flow’ refer to Note 1(g). capital. Other transfers that are in the nature of contributions or distributions have also been designated as contributions by owners.
42 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 43 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
M. COMMITMENTS Q. EVENTS AFTER THE REPORTING PERIOD AASs ISSUED THAT ARE NOT YET EFFECTIVE:
Commitments for future expenditure include operating There has not arisen in the interval between the end of and capital commitments arising from contracts. These the financial year and the date of signing these financial STANDARD/ APPLICABLE TO ANNUAL SUMMARY commitments are disclosed by way of a note (refer to Note 15) statements, any item, transactions or event of a material INTERPRETATION REPORTING PERIOD BEGINNING ON at their nominal value and inclusive of the goods and services and unusual nature likely to affect significantly the operations tax (GST) payable. of the SSCT, the results of those operations, or the state of This Standard outlines the requirements for measuring the fair value of assets and affairs of the SSCT, in subsequent financial years. liabilities and replaces the existing fair value N. CONTINGENT ASSETS AND definition and guidance in other Australian AASB 13 accounting standards. AASB 13 includes a 1 Jan 2013 CONTINGENT LIABILITIES R. FOREIGN CURRENCY Fair Value Measurement ‘fair value hierarchy’ which ranks the valuation technique inputs into three levels using Contingent assets and contingent liabilities are not recognised All foreign currency transactions during the financial year unadjusted quoted prices in active markets in the balance sheet, but are disclosed by way of a note (refer are brought to account using the exchange rate in effect for identical assets or liabilities; other to Note 20) and, if quantifiable, are measured at nominal value. at the date of the transaction. observable inputs; and unobservable inputs. Contingent assets and liabilities are presented inclusive of GST receivable or payable respectively. In this revised Standard for defined benefit S. CHANGES IN ACCOUNTING POLICIES superannuation plans, there is a change to the methodology in the calculation of There are no material changes in accounting policies O. ACCOUNTING FOR THE GOODS superannuation expenses, in particular for the financial year ended 30 June 2013. AASB 119 there is now a change in the split between AND SERVICES TAX (GST) 1 Jan 2013 Employee Benefits superannuation interest expense (classified Income, expenses and assets are recognised net of the as transactions) and actuarial gains and losses T. AASs ISSUED THAT ARE NOT YET EFFECTIVE (classified as ‘Other economic flows – other amount of the associated GST, unless the GST incurred movements in equity’) reported on the Certain new AASs have been published that are not mandatory is not recoverable from the taxation authority. In this case comprehensive operating statement. it is recognised as part of the cost of acquisition of the for the 30 June 2013 reporting period. DTF assesses the asset or as part of the expense. impact of all these new standards and advises SSCT of their applicability and early adoption where applicable. Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable As at 30 June 2013, the following standards and from, or payable to, the taxation authority is included with interpretations that are applicable to SSCT had been issued other receivables or payables in the balance sheet. but are not mandatory for the financial year ending 30 June 2013. Standards and Interpretations that are not applicable Cash flows are presented on a gross basis. The GST to SSCT have been omitted. SSCT has not early adopted components of cash flows arising from investing or financing these standards. activities which are recoverable from, or payable to the taxation authority, are presented as operating cash flow.
Commitments and contingent assets and liabilities are also stated inclusive of GST.
P. INCOME TAX
The Australian Taxation Office has deemed the SSCT to be a “Public Authority” within the terms of Section 50-25 of the Income Tax Assessment Act 1997 and as such is exempt from income tax. No provisions for income taxes payable have been raised.
44 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 45 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 2. GOING CONCERN NOTE 4. EXPENSES FROM TRANSACTIONS
The financial statements of SSCT have been prepared on a going concern basis. The trustees of the State Sport Centres Trust MSAC SNHC SSCT MSAC SNHC SSCT are of the opinion that SSCT will be able to pay its debts as and when they fall due. 2013 2013 2013 2012 2012 2012 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000
(A) EMPLOYEE EXPENSES
NOTE 3. INCOME FROM TRANSACTIONS Salaries, wages and long service leave expenses 7,426 674 8,100 6,751 832 7,583
Defined contribution superannuation expense 637 45 682 581 56 637 MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 Other employee expenses 601 132 733 458 52 510 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 Total employee expenses 8,664 851 9,515 7,790 940 8,730 (A) SALE OF GOODS AND SERVICES
Sale of goods and services 16,193 2,837 19,030 14,670 2,653 17,323 (B) DEPRECIATION
Total sale of goods and services 16,193 2,837 19,030 14,670 2,653 17,323 Depreciation of property, plant & equipment 6,116 1,403 7,519 7,650 2,262 9,912
Total depreciation 6,116 1,403 7,519 7,650 2,262 9,912 (B) GRANTS
Specific purpose grants 2,497 - 2,497 4,014 120 4,134 (C) OTHER OPERATING EXPENSES
Total grants 2,497 - 2,497 4,014 120 4,134 Cleaning and chemical expenses 1,451 412 1,863 1,410 404 1,814
Other operating supplies expenses 2,210 143 2,353 2,229 68 2,297
(C) INTEREST Utilities and energy expenses 1,925 224 2,149 1,526 199 1,725
Interest from cash and deposits 204 15 219 236 14 250 Cost of goods sold expenses 1,392 411 1,803 750 501 1,251
Total interest 204 15 219 236 14 250 Maintenance expenses 903 170 1,073 1,021 234 1,255
IT & Telecommunication expenses 496 28 524 465 21 486
Insurance expenses 459 39 498 397 128 525
Sports rebate expenses 755 - 755 775 - 775
Security expenses 368 41 409 334 45 379
Total other operating expenses 9,959 1,468 11,427 8,907 1,600 10,507
46 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 47 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 5. OTHER ECONOMIC FLOWS NOTE 7. RECEIVABLES (CONTINUED) INCLUDED IN NET RESULT MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 MSAC SNHC SSCT MSAC SNHC SSCT $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 2013 2013 2013 2012 2012 2012 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 STATUTORY
(A) NET LOSS ON FINANCIAL ASSETS GST input tax credit receivable 443 47 490 357 52 409
Net loss on disposal of investment ------Total 928 79 1,007 2,496 97 2,593
Total net loss on financial assets ------(A) MOVEMENT IN THE PROVISION FOR DOUBTFUL CONTRACTUAL RECEIVABLES
Balance at beginning of the financial year (17) - (17) (5) - (5)
Reversal of unused provision recognised NOTE 6. CASH AND DEPOSITS ------in operating statement
Increase in provision recognised in MSAC SNHC SSCT MSAC SNHC SSCT (12) - (12) (12) - (12) 2013 2013 2013 2012 2012 2012 operating statement $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 Balance at end of the financial year (29) - (29) (17) - (17) Cash at bank and on hand 2,479 287 2,766 1,193 345 1,538
Term deposits 2,300 300 2,600 4,350 200 4,550 (B) AGEING ANALYSIS OF CONTRACTUAL RECEIVABLES Total cash and deposits 4,779 587 5,366 5,543 545 6,088 Please refer to Note 21 (Table 21.4) for the ageing analysis of contractual receivables.
(C) NATURE AND EXTENT OF RISK ARISING FROM CONTRACTUAL RECEIVABLES
NOTE 7. RECEIVABLES Please refer to Note 21 for the nature and extent of risk arising from contractual receivables.
MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 NOTE 8. INVENTORIES CURRENT CONTRACTUAL
Trade debtors 485 31 516 2,153 44 2,197 MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 Provision for doubtful contractual receivables (a) (29) - (29) (17) - (17) $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000
Interest receivable 29 1 30 3 1 4 CURRENT
Total current contractual 485 32 517 2,139 45 2,184 Supplies and consumables - at cost 274 18 292 221 27 248
Total 274 18 292 221 27 248
48 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 49 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 9. PROPERTY, PLANT & EQUIPMENT NOTE 9. PROPERTY, PLANT & EQUIPMENT (CONTINUED)
MSAC SNHC SSCT MSAC SNHC SSCT MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 2013 2013 2013 2012 2012 2012 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000
BUILDINGS GYM EQUIPMENT
At fair value (a) 210,082 34,921 245,003 149,213 34,921 184,134 At cost 976 - 976 768 - 768
Less: Accumulated depreciation (3,732) (1,009) (4,741) - - - Less: Accumulated depreciation (701) - (701) (646) - (646)
Total 206,350 33,912 240,262 149,213 34,921 184,134 Total 275 - 275 122 - 122
LAND OTHER EQUIPMENT
At fair value (a) 36,000 24,390 60,390 36,000 24,390 60,390 At cost 1,031 - 1,031 923 - 923
Total 36,000 24,390 60,390 36,000 24,390 60,390 Less: Accumulated depreciation (871) - (871) (860) - (860)
Total 160 - 160 63 - 63
PLANT AND EQUIPMENT
At cost 6,322 2,284 8,606 6,076 2,235 8,311 LEASEHOLD IMPROVEMENTS
Less: Accumulated depreciation (3,274) (1,805) (5,079) (2,831) (1,626) (4,457) At cost 21,175 1,909 23,084 16,041 1,749 17,790
Total 3,048 479 3,527 3,245 609 3,854 Less: Accumulated depreciation (5,994) (1,138) (7,132) (4,591) (954) (5,545)
Total 15,181 771 15,952 11,450 795 12,245
OFFICE FURNITURE
At cost 1,892 331 2,223 1,677 328 2,005 CAPITAL WORK IN PROGRESS
Less: Accumulated depreciation (1,285) (266) (1,551) (1,152) (242) (1,394) At cost 424 29 453 618 6 624
Total 607 65 672 525 86 611 Total 424 29 453 618 6 624 Total property, plant and equipment 262,944 59,705 322,649 202,166 60,810 262,976
COMPUTER EQUIPMENT
At cost 3,858 263 4,121 3,551 201 3,752 (A) An independent valuation of SSCT Land and Buildings was performed by a Valuer appointed by Valuer General Victoria, to determine the fair value of the land and buildings. The valuation, which conforms to Australian Valuation Standards, Less: Accumulated depreciation (2,959) (204) (3,163) (2,621) (198) (2,819) was determined by reference to the amounts for which assets could be exchanged between knowledgeable willing parties Total 899 59 958 930 3 933 in an arm’s length transaction. The valuation was based on independent assessments. The effective date of the valuation is 30 June 2012.
50 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 51 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 9. PROPERTY, PLANT & EQUIPMENT (CONTINUED) NOTE 10. OTHER NON-FINANCIAL ASSETS
Reconciliation of the carrying amount of property plant MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 and equipment for SSCT $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000
Accrued income 120 - 120 75 - 75 CARRYING REVALUATION CARRYING ADDITIONS/ TRANSFERS/ DEPRECIATION AMOUNT (DECREMENT) AMOUNT Prepayments 105 16 121 79 4 83 DEDUCTIONS DISPOSALS EXPENSE END OF /INCREMENT END OF $ ‘000 $‘000 $ ‘000 Total 225 16 241 154 4 158 YEAR $ ‘000 $ ‘000 YEAR $ ‘000
2013 Buildings 184,134 60,869 - (4,741) - 240,262 NOTE 11. PAYABLES Land 60,390 - - - - 60,390
Plant and equipment 3,854 295 - (622) - 3,527 MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 Office furniture 611 219 - (158) - 672 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000
Computer equipment 933 369 - (344) - 958 CURRENT CONTRACTUAL
Gym equipment 122 208 - (55) - 275 Trade creditors 857 56 913 395 144 539
Other equipment 63 108 - (11) - 160 Accrued expenses 1,242 122 1,364 1,381 103 1,484
Leasehold improvements 12,245 5,295 - (1,588) - 15,952 Total 2,099 178 2,277 1,776 247 2,023 Capital work in progress 624 (171) - - - 453
Total 262,976 67,192 - (7,519) - 322,649 STATUTORY
Taxes payable 336 61 397 132 71 203 2012 Superannuation payable 160 - 160 - - - Buildings 200,749 - - (6,780) (9,835) 184,134 Total 496 61 557 132 71 203 Land 31,310 - - - 29,080 60,390 Total payables 2,595 239 2,834 1,908 318 2,226 Plant and equipment 3,656 1,339 - (1,141) - 3,854
Office furniture 681 81 - (151) - 611 (A) MATURITY ANALYSIS OF CONTRACTUAL PAYABLES Computer equipment 911 406 - (384) - 933 Please refer to Note 21 (Table 21.5) for the maturity analysis of contractual payables. Gym equipment 143 20 - (41) - 122
Other equipment 57 20 - (14) - 63 (B) NATURE AND EXTENT OF RISK ARISING FROM CONTRACTUAL PAYABLES Leasehold improvements 9,420 4,226 - (1,401) - 12,245 Please refer to Note 21 for the nature and extent of risk arising from contractual payables. Capital work in progress 79 545 - - - 624
Total 247,006 6,637 - (9,912) 19,245 262,976
52 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 53 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 12. PROVISIONS NOTE 13. OTHER LIABILITIES
MSAC SNHC SSCT MSAC SNHC SSCT MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 2013 2013 2013 2012 2012 2012 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000
CURRENT Deferred revenue 999 38 1,037 383 30 413
Employee benefits (a) 490 25 515 409 23 432 Security deposits - - - 18 - 18
Employee benefit on-costs 87 4 91 71 4 75 Advancement 4,522 - 4,522 4,522 - 4,522
Life memberships 5 - 5 5 - 5 Total 5,521 38 5,559 4,923 30 4,953
Total current provisions 582 29 611 485 27 512 NOTE 14. RESERVES NON-CURRENT
Employee benefits (b) 112 1 113 85 1 86 PHYSICAL ASSET REVALUATION SURPLUS Employee benefit on-costs 20 - 20 15 - 15 The physical asset revaluation surplus is used to record increments and decrements Life memberships 11 - 11 18 - 18 on the revaluation of non-financial assets, as described in Note 1 (i).
Total non-current provisions 143 1 144 118 1 119 MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 Total provisions 725 30 755 603 28 631 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000
Balance at beginning of financial year 78,732 39,044 117,776 70,024 28,507 98,531
(A) CURRENT EMPLOYEE BENEFITS Revaluation increments during the year - - - 8,708 10,537 19,245
Annual leave entitlements 275 20 295 232 19 251 Balance at end of financial year 78,732 39,044 117,776 78,732 39,044 117,776
Unconditional long service leave entitlements 136 - 136 132 - 132 - expected to be settled within 12 months
Unconditional long service leave entitlements 79 5 84 45 4 49 - expected to be settled beyond 12 months
Employee benefit on-costs 87 4 91 71 4 75
Total 577 29 606 480 27 507
(B) NON-CURRENT EMPLOYEE BENEFITS
Conditional long service leave entitlements 112 1 113 85 1 86
Employee benefit on-costs 20 - 20 15 - 15
Total 132 1 133 100 1 101
Total employee benefits 709 30 739 580 28 608
54 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 55 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 15. COMMITMENTS NOTE 16. CASH FLOW INFORMATION (CONTINUED)
MSAC SNHC SSCT MSAC SNHC SSCT MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 2013 2013 2013 2012 2012 2012 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000
CAPITAL MOVEMENTS IN ASSETS AND LIABILITIES:
As at reporting date, SSCT had made the following commitments to capital expenditure (GST inclusive): Decrease/(Increase) in receivables 1,568 18 1,586 (240) 2 (238)
(Increase)/Decrease in inventories (53) 9 (44) 44 (1) 43
Not later than one year 424 29 453 679 7 686 (Increase)/Decrease in other assets (71) (12) (83) 624 (4) 620
Total 424 29 453 679 7 686 Increase in provisions 122 2 124 204 - 204
Increase/(Decrease) in payables 687 (79) 608 (431) 48 (383) NOTE 16. CASH FLOW INFORMATION Increase in other liabilities 598 8 606 4,452 (3) 4,449 Net cash flows from operating activities 3,122 479 3,601 6,876 289 7,165
MSAC SNHC SSCT MSAC SNHC SSCT 2013 2013 2013 2012 2012 2012 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 NOTE 17. RESPONSIBLE PERSONS (A) FOR THE PURPOSE OF THE STATEMENT OF CASH FLOWS, CASH INCLUDES:
Cash at bank and on hand 2,479 287 2,766 1,193 345 1,538 In accordance with the Ministerial Directions issued by the Minister for Finance under the Financial Management Act 1994, Term deposits 2,300 300 2,600 4,350 200 4,550 the following disclosures are made regarding responsible persons for the reporting period.
Total 4,779 587 5,366 5,543 545 6,088 The persons who held the positions of Minister, Board Members and Accountable Officer of SSCT at any time during the reporting period were as follows:
(B) RECONCILIATION OF NET RESULT FOR THE REPORTING PERIOD Responsible Minister: Accountable Officer: TO NET CASH FLOWS FROM OPERATING ACTIVITIES The Honourable Hugh Delahunty, MP Mr. Simon Weatherill Chief Executive Officer Net result for the period (5,845) (870) (6,715) (5,427) (2,015) (7,442) Minister for Sport, Recreation and Veterans’ Affairs Remuneration relating to the Minister is included in Members of the SSCT: the financial statements of the Department of Premier NON-CASH MOVEMENTS: Mr. Bruce Mildenhall Chairman and Cabinet. Remuneration of Board Members and Depreciation of property, plant & equipment 6,116 1,403 7,519 7,650 2,262 9,912 Ms. Carmel Ackerly Accountable Officer are included below in the Mr. Andrew Fried remuneration of responsible persons. Net loss on disposal of investment ------Ms. Nicole Livingstone Ms. Gaye Hamilton Mr. Brett Moore Ms. Leigh Russell (commenced 11 December 2012)
56 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 57 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 17. RESPONSIBLE PERSONS (CONTINUED) NOTE 18. SUPERANNUATION (A) REMUNERATION OF RESPONSIBLE PERSONS Employees of the SSCT are entitled to receive superannuation benefits. Contributions are made to the VicSuper Fund as the The number of responsible persons whose income from the SSCT during the reporting period falls within the following bands is: SSCT’s default fund, and to other funds elected by employees under Super choices legislation. Superannuation contributions paid REMUNERATION RANGE: 2013 2012 or payable for the reporting period are included as part of employee expenses in the comprehensive operating statement of SSCT.
$0 - $9,999 1 - The name, details and amounts expensed in relation to the major employee superannuation funds and contributions made by SSCT are shown in the table below. Other funds represent all other employee funds with a total contribution made below $10,000 $10,000 - $19,999 5 5 for the year. $20,000 - $29,999 1 1
$280,000 - $289,999 - - PAID CONTRIBUTIONS CONTRIBUTIONS TOTAL $300,000 - $ 309,999 - 1 FOR THE YEAR OUTSTANDING FOR THE YEAR 2013 2012 2013 2012 2013 2012 $310,000 - $ 319,999 1 - DEFINED CONTRIBUTION PLANS: $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 $ ‘000 Total numbers 8 7 VicSuper 342 480 105 - 447 480 Total remuneration received, or due and receivable by Responsible Persons AustralianSuper 21 19 7 - 28 19 Total remuneration $393,817 $378,964 Rest Superannuation 28 26 2 - 30 26 (B) REMUNERATION OF EXECUTIVE OFFICERS Other funds 134 112 43 - 177 112
The number of executive officers, other than the Minister, Board Members and Accountable Officer who are included in Total superannuation 525 637 157 - 682 637 remuneration of responsible persons, and their total remuneration during the reporting period are shown in the table below in their relevant income bands, where greater than $100,000. Base remuneration is exclusive of bonus payments, long service leave payments, redundancy payments and retirement benefits.
TOTAL REMUNERATION BASE REMUNERATION NOTE 19. REMUNERATION OF AUDITORS
REMUNERATION RANGE: 2013 2012 2013 2012 Audit fees paid or payable to the Victorian Auditor-General’s Office (VAGO) for the audit of the SSCT’s financial report is set out <$100,000 - 2 - - below in the following table: $110,000 - $119,999 - - - 2
$120,000 - $129,999 1 - 1 1 SSCT 2013 $ ‘000 SSCT 2012 $ ‘000
$130,000 - $139,999 - 1 1 1 Audit of the financial report 36 35
$140,000 - $149,999 1 - - - Total 36 35 $150,000 - $159,999 1 1 1 -
$160,000 - $169,999 - - - - $170,000 - $179,999 - - - 1 NOTE 20. CONTINGENT ASSETS $180,000 - $189,999 - - 1 - AND CONTINGENT LIABILITIES $200,000 - $209,999 1 1 - - There were no contingent assets as at 30th June 2013 (2012: nil). There were no contingent liabilities as at 30th June 2013 (2012: nil). Total numbers 4 5 4 5
Total remuneration $626,334 $637,113 $594,849 $677,876
58 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 59 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 21. FINANCIAL INSTRUMENTS
(A) FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES Table 21.1: Categorisation of financial instruments (Continued)
SSCT’s principal financial instruments comprise of; • cash and deposits; CONTRACTUAL FINANCIAL CONTRACTUAL FINANCIAL • receivables; ASSETS LOANS AND LIABILITIES AT AMORTISED TOTAL $‘000 RECEIVABLES $’000 COST $’000 • payables; and • other liabilities. 2012 Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of CONTRACTUAL measurement, and the basis on which income and expenses are recognised, with respect to each class of financial asset, FINANCIAL ASSETS financial liability and equity instrument are disclosed in Note 1 to the financial statements. The main purpose in holding financial instruments is to prudentially manage the SSCT’s financial risks within the Government policy parameters. Cash and deposits 6,088 - 6,088 The carrying amounts of the SSCT’s contractual financial assets and liabilities by category are shown below in table 21.1. Receivables 2,184 - 2,184
Total contractual financial assets 8,272 - 8,272 Table 21.1: Categorisation of financial instruments CONTRACTUAL FINANCIAL LIABILITIES CONTRACTUAL FINANCIAL CONTRACTUAL FINANCIAL ASSETS LOANS AND LIABILITIES AT AMORTISED TOTAL $‘000 Payables - 2,023 2,023 RECEIVABLES $’000 COST $’000 Other liabilities - 4,953 4,953 2013 Total contractual financial liabilities - 6,976 6,976 CONTRACTUAL FINANCIAL ASSETS The net holding gains or losses disclosed below in table 21.2 are determined as follows: Cash and deposits 5,366 - 5,366 • For cash and cash equivalents, loans and receivables and available-for-sale financial assets, the net gain or loss is calculated Receivables 517 - 517 by taking the interest income, plus or minus foreign exchange gains or losses arising from revaluation of the financial assets, Total contractual financial assets 5,883 - 5,883 and minus any impairment recognised in the net result; • For financial liabilities measured at amortised cost, the net gain or loss is calculated by taking the interest expense, plus or minus foreign exchange gains or losses arising from the revaluation of financial liabilities measured at amortised cost; and CONTRACTUAL FINANCIAL LIABILITIES • For financial assets and liabilities that are held-for-trading or designated at fair value through profit or loss, the net gain or loss is calculated by taking the movement in the fair value of the financial asset or liability. Payables - 2,277 2,277
Other liabilities - 5,559 5,559
Total contractual financial liabilities - 7,836 7,836
60 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 61 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 21. FINANCIAL INSTRUMENTS
Table 21.2: Net holding gain/(loss) on financial instruments by category Table 21.3: Credit quality of contractual financial assets that are neither past due nor impaired
NET HOLDING TOTAL INTEREST FEE INCOME/ IMPAIRMENT TOTAL GAIN / (LOSS) INCOME/(EXPENSE) (EXPENSE) LOSS $’000 $’000 $’000 $’000 $’000 FINANCIAL GOVERNMENT GOVERNMENT OTHER (MIN INSTITUTION AGENCIES (AAA AGENCIES BBB CREDIT TOTAL 2013 CONTRACTUAL FINANCIAL ASSETS (AA- CREDIT CREDIT RATING) (BBB CREDIT RATING) $’000 RATING) $’000 RATING) $’000 $’000 Financial assets - 219 - - 219 - Loans and receivables 2013 CONTRACTUAL FINANCIAL ASSETS
Total contractual financial assets - 219 - - 219 Cash and deposits 3,319 2,000 - 47 5,366
Receivables - - - 487 487 - Trade debtors 2012 CONTRACTUAL FINANCIAL ASSETS Receivables Financial assets 29 1 - - 30 - 250 - - 250 - Interest receivable - Loans and receivables Total contractual financial assets 3,348 2,001 - 534 5,883 Total contractual financial assets - 250 - - 250
2012 CONTRACTUAL FINANCIAL ASSETS (B) CREDIT RISK Cash and deposits 1,507 4,550 - 31 6,088 Credit risk arises on the contractual financial assets of the SSCT, which comprises cash and deposits, non-statutory Receivables receivables, available-for-sale contractual financial assets and derivative instruments. Credit risk exposure in relation to - - - 2,180 2,180 each class of recognised financial asset arises from the potential default of counter party on their contractual obligations - Trade debtors resulting in financial loss to the SSCT. Credit risk is measured at fair value and is monitored on a regular basis. Receivables - 4 - - 4 - Interest receivable Credit risk associated with contractual financial assets is deemed insignificant as it is policy of the SSCT to only deal with major banking institutions and entities with high credit ratings, and to obtain collateral or credit enhancements where Total contractual financial assets 1,507 4,554 - 2,211 8,272 appropriate. Credit risk in trade debtors is managed by payment terms of 30 days and sound debt collection policies and procedures. The SSCT does not engage in hedging for its financial assets.
Provision for impairment of financial assets is calculated based on past experience, and current and expected changes in client credit ratings. As at reporting date there is no event to indicate that any of the financial assets were impaired.
Currently SSCT does not hold any collateral as security nor credit enhancements relating to its financial assets, nor have any financial assets had their terms renegotiated so as to prevent them from being past due or impaired.
The following table 21.3 discloses the credit quality of contractual financial assets and table 21.4 discloses the ageing analysis of contractual financial assets:
62 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 63 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 21. FINANCIAL INSTRUMENTS (CONTINUED)
Table 21.4: Ageing analysis of contractual financial assets Table 21.5: Maturity analysis of contractual financial liabilities
The following table 21.5 discloses the contractual maturity analysis of contractual financial liabilities.
PAST DUE BUT NOT IMPAIRED
CARRYING NOT PAST DUE AND LESS THAN 1 -3 3 MONTHS PAST DUE BUT NOT IMPAIRED 1 - 5 YEARS AMOUNT NOT IMPAIRED 1 MONTH MONTHS - 1 YEAR $’000 CARRYING LESS THAN 1 -3 3 MONTHS $’000 $’000 $’000 $’000 $’000 NOMINAL AMOUNT 1 - 5 YEARS AMOUNT 1 MONTH MONTHS - 1 YEAR $’000 $’000 2013 $’000 $’000 $’000 $’000
Cash and deposits 5,366 5,366 - - - - 2013
Receivables Payables 2,277 2,277 - 2,277 - - 487 - 352 109 26 - - Trade debtors Other liabilities 5,559 5,559 - 1,037 400 4,122 Receivables 30 - 30 - - - - Interest receivable Total 7,836 7,836 - 3,314 400 4,122
Total 5,883 5,366 382 109 26 -
2012
2012 Payables 2,023 2,023 - 501 1,521 -
Cash and deposits 6,088 6,088 - - - - Other liabilities 4,953 4,953 - - - 4,122
Receivables Total 6,976 6,976 - 501 1,521 4,122 2,180 - - 6,422 (4,245) 3 - Trade debtors
Receivables 4 - 4 - - - - Interest receivable (D) MARKET RISK
Total 8,272 6,088 4 6,422 (4,245) 3 The SSCT’s exposures to market risk, including interest rate risk and foreign currency risk are insignificant. Objectives, policies and processes used to manage each of these risks are disclosed below. (C) LIQUIDITY RISK Foreign currency risk Liquidity risk arises in relation to each class of recognised financial liability when SSCT is unable to meet its financial The SSCT is exposed to insignificant foreign currency risk through its payables relating to purchases of supplies and obligations as and when they fall due. The SSCT’s exposure to liquidity risk is deemed insignificant as it is policy of the SSCT consumables from overseas. This is because of the limited amount of purchases denominated in foreign currencies to settle financial obligations within 30 days, and in the event of a dispute, make payments within 30 days from the date of and the short timeframe between commitment and settlement. The SSCT manages its risk through cash flow planning resolution. Exposure to liquidity risk is assessed based on past experience, and current assessment of risk, through monitoring and monitoring on a foreign currency transaction basis. Based on past and current assessment of economic outlook, future cash flows and maturities planning to ensure adequate holdings of high quality liquid assets are available and dealing it is deemed unnecessary for the SSCT to enter into any hedging arrangements to manage the risk. in highly liquid markets. Cash for unexpected events is generally sourced from liquidation of available financial investments. The SSCT has no exposure to foreign currency risk as at 30 June 2013.
64 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 65 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 21. FINANCIAL INSTRUMENTS (CONTINUED)
(D) MARKET RISK (CONTINUED) Table 21.6: Interest rate exposure of financial instruments (Continued)
Interest rate risk WEIGHTED The SSCT’s exposure to interest rate risk arises through financial asset holdings held at variable interest rates. The SSCT has FIXED VARIABLE NON-INTEREST CARRYING AVERAGE minimal exposure to cash flow interest rate risks through its cash and deposits, and investments that are held at floating rate. INTEREST RATE INTEREST RATE BEARING AMOUNT EFFECTIVE $’000 $’000 $’000 $’000 The SSCT manages this risk by monitoring movements in interest rates on a regular basis and has concluded that due to the INTEREST RATE % amounts, financial assets can be left at floating rate without necessarily exposing the SSCT to significant bad risk. 2012 FINANCIAL ASSETS
Taking into account past performance, future expectations, economic forecast and management’s knowledge and experience Cash and deposits 5% - 6,057 31 6,088 of the financial markets, the SSCT believes the following movements are reasonably possible over the next 12 months, assuming Receivables N/A - 4 2,180 2,184 a parallel shift of one percent (100 basis points) in market interest rates from year-end. Total financial assets N/A - 6,061 2,211 8,272 The SSCT’s exposure to interest rate risk is disclosed in the following tables 21.6 and 21.7:
FINANCIAL LIABILITIES Table 21.6: Interest rate exposure of financial instruments Payables N/A - - 2,023 2,023 Other liabilities N/A - - 4,953 4,953
Total financial liabilities N/A - - 6,976 6,976 WEIGHTED FIXED VARIABLE NON-INTEREST CARRYING AVERAGE INTEREST RATE INTEREST RATE BEARING AMOUNT EFFECTIVE $’000 $’000 $’000 $’000 INTEREST RATE % Table 21.7: Market risk exposure – Interest rate 2013 FINANCIAL ASSETS
Cash and deposits 5% - 5,319 47 5,366 INTEREST RATE RISK Receivables N/A - 30 487 517 CARRYING -1% NET RESULT -1% EQUITY +1% NET RESULT +1% EQUITY Total financial assets N/A - 5,349 534 5,883 AMOUNT $’000 $’000 $’000 $’000 $’000
2013 FINANCIAL LIABILITIES Cash and deposits 5,366 (54) (54) 54 54 Payables N/A - - 2,277 2,277 Total 5,366 (54) (54) 54 54 Other liabilities N/A - - 5,559 5,559 (decrease)/increase
Total financial liabilities N/A - - 7,836 7,836 2012
Cash and deposits 6,088 (61) (61) 61 61
Total 6,088 (61) (61) 61 61 (decrease)/increase
66 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 67 Annual Financial Statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 21. FINANCIAL INSTRUMENTS (CONTINUED) NOTE 22. GLOSSARY OF TERMS
Comprehensive result Financial liability (E) FAIR VALUE Total comprehensive result is the change in equity for the A financial liability is any liability that is: The fair values and net fair values of financial instrument assets and liabilities are determined as follows: period other than changes arising from transactions with (a) a contractual or statutory obligation: • The fair value of financial instrument assets and liabilities with standard terms and conditions and traded in active liquid owners. It is the aggregate of net result and other non-owner markets are determined with reference to quoted market prices; and changes in equity. • to deliver cash or another financial asset to another entity; or
• The fair value of other financial instrument assets and liabilities are determined in accordance with generally accepted pricing • to exchange financial assets or financial liabilities with Commitments models based on discounted cash flow analysis. another entity under conditions that are potentially Commitments include those operating, capital and other unfavourable to the entity. SSCT considers that the carrying amount of financial instrument assets and liabilities recorded in the financial statements to outsourcing commitments arising from non-cancellable be a fair approximation of their fair values, because of the short-term nature of the financial instruments and the expectation contractual or statutory sources. Financial statements that they will be paid in full. The following table 21.8 shows that the fair value of the contractual financial assets and liabilities are the same as the carrying amounts. Depending on the context of the sentence where the Employee benefits expenses term ‘financial statements’ is used, it may include only the Employee benefits expenses include all costs related to main financial statements (i.e. comprehensive operating Table 21.8: Comparison between carrying amount and fair value employment, including wages and salaries, leave entitlements, statement, balance sheet, cash flow statements, and statement redundancy payments, defined benefits superannuation plans of changes in equity); or it may also be used to replace the and defined contribution superannuation plans. old term ‘financial report’ under revised AASB 101 (Sept 2007); CARRYING AMOUNT FAIR VALUE CARRYING AMOUNT FAIR VALUE which means it may include the main financial statements 2013 $’000 2013 $’000 2012 $’000 2012 $’000 and the notes. Financial asset CONTRACTUAL A financial asset is any asset that is: FINANCIAL ASSETS Grants and other transfers (a) cash and deposit; Cash and deposits 5,366 5,366 6,088 6,088 Grants can be paid as general purpose grants which refer (b) a contractual or statutory right: to grants that are not subject to conditions regarding their Receivables 517 517 2,184 2,184 use. Alternatively, they may be paid as specific purpose • to receive cash or another financial asset from Total contractual grants which are paid for a particular purpose and/or have 5,883 5,883 8,272 8,272 another entity; or financial assets conditions attached regarding their use. • to exchange financial assets or financial liabilities with another entity under conditions that are potentially Interest income CONTRACTUAL favourable to the entity. FINANCIAL LIABILITIES Interest income includes unwinding over time of discounts on Payables 2,277 2,277 2,023 2,023 financial assets and interest received on bank term deposits Financial instrument and other investments Other liabilities 5,559 5,559 4,953 4,953 A financial instrument is any contract that gives rise to a Total contractual financial asset of one entity and a financial liability of or equity 7,836 7,836 6,976 6,976 financial liabilities instrument of another entity. Financial assets or liabilities that are not contractual (such as statutory receivables or payables that arise as a result of statutory requirements imposed by governments) are not financial instruments.
68 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 69 Annual Financial Annual Financial Statements Statements
NOTES TO THE FINANCIAL STATEMENTS CERTIFICATION FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
NOTE 22. GLOSSARY OF TERMS (CONTINUED)
In accordance with a resolution of the Trustees of the State Sport Centres Trust, we state that Net acquisition of non-financial assets (from transactions) Payables in our opinion:
Purchases (and other acquisitions) of non-financial assets Includes short and long term trade debt and accounts a) the information set out in the Comprehensive Operating Brett Moore less sales (or disposals) of non-financial assets less depreciation payable, grants, taxes and interest payable. Statement, Balance Sheet, Statement of Changes in Equity, Chairperson Audit and Risk Committee plus changes in inventories and other movements in non- Cash Flow Statement and notes forming part of the financial State Sport Centres Trust financial assets. It includes only those increases or decreases Receivables statements, presents fairly the financial transactions of the in non-financial assets resulting from transactions and Trust during the financial year ended 30 June 2013 and the Includes short and long term credit and accounts therefore excludes write-offs, impairments write-downs financial position of the Trust as at 30 June 2013; receivable, accrued investment income, grants, taxes and revaluations. and interest receivable. b) the attached financial statements for the Trust have been prepared in accordance with Standing Direction 4.2 of Net result Sales of goods and services the Financial Management Act 1994, applicable Financial Net result is a measure of financial performance of the Reporting Directions, Australian accounting standards and Refers to income from the direct provision of goods and operations for the period. It is the net result of items of other mandatory professional reporting requirements; and services and includes fees and charges for services rendered income, gains and expenses (including losses) recognised for Mr. Simon Weatherill and sales of goods and services. It also includes rental c) at the date of this report we are not aware of any the period, excluding those that are classified as other non- Chief Executive Officer and Accountable Officer income under operating leases. circumstances which would render any particulars included owner changes in equity. State Sport Centres Trust in the financial statements to be misleading or inaccurate. Supplies and services Net result from transactions/net operating balance Supplies and services generally represent cost of goods sold Net result from transactions or net operating balance is a and the day-to-day running costs, including maintenance key fiscal aggregate and is income from transactions minus costs, incurred in the normal operations of SSCT. expenses from transactions. It is a summary measure of the ongoing sustainability of operations. It excludes gains and
losses resulting from changes in price levels and other changes Transactions in the volume of assets. It is the component of the change in Transactions are those economic flows that are considered net worth that is due to transactions and can be attributed to arise as a result of policy decisions, usually an interaction Mr. Darren Rattle directly to government policies. between two entities by mutual agreement. They also include Chief Finance and Accounting Officer flows within an entity such as depreciation where the owner is State Sport Centres Trust Non-financial assets simultaneously acting as the owner of the depreciating asset and as the consumer of the service provided by the asset. Non-financial assets are all assets that are not ‘financial assets’. Melbourne Taxation is regarded as mutually agreed interactions between Date: 29th August 2013 the government and taxpayers. Other economic flows Transactions can be in kind (e.g. assets provided/given free Other economic flows are changes in the volume or value of charge or for nominal consideration) or where the final of an asset or liability that do not result from transactions. consideration is cash. In simple terms, transactions arise It includes gains and losses from disposals, revaluations and from the policy decisions of the government. impairments of non-current physical and intangible assets and fair value changes of financial instruments. In simple terms, other economic flows are changes arising from market re-measurements.
70 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 71 Independent Auditor’s Report
72 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 73 Protected Disclosure Act 2012
The Protected Disclosure Act 2012 encourages and assists people Alternatively, disclosures of improper conduct or detrimental DISCLOSURES UNDER THE PROTECTED DISCLOSURE ACT 2012 in making disclosures of improper conduct by public officers action by the Trust or its employees may also be made directly (THOSE MADE FROM 10 FEBRUARY 2013) and public bodies. The Act provides protection to people who to the Independent Broad-based Anti-corruption Commission: make disclosures in accordance with the Act and establishes Level 1, 459 Collins Street (North Tower) a system for the matters disclosed to be investigated and Melbourne VIC 3000 2012/2013 NUMBER 2011/2012 NUMBER rectifying action to be taken. Telephone: 1300 735 135 The number of disclosures made by an individual to the Trust The Trust does not tolerate improper conduct by employees, Internet: www.ibac.vic.gov.au and notified to the Independent Broad-based Anti-corruption nor the taking of reprisals against those who come forward Commission from 10 February – 30 June 2013: Email: (refer website above) to disclose such conduct. It is committed to ensuring transparency and accountability in its administrative and Assessable Disclosures 0 n/a management practices and supports the making of disclosures FURTHER INFORMATION that reveal corrupt conduct, conduct involving a substantial The Protected Disclosure Policy and Procedures, which outline mismanagement of public resources, or conduct involving a the system for reporting disclosures of improper conduct or DISCLOSURES UNDER THE PROTECTED DISCLOSURE ACT 2012 substantial risk to public health and safety or the environment. detrimental action by the Trust or its employees are available (THOSE MADE FROM 10 FEBRUARY 2013) The Trust will take all reasonable steps to protect people who for public perusal. make such disclosures from any detrimental action in reprisal The current procedures established by the public body under part 6 are available upon request. for making the disclosure. It will also afford natural justice to the person who is the subject of the disclosure to the extent it The number and types of disclosures made to public bodies during the year: 2012/2013 NUMBER 2011/2012 NUMBER is legally possible. Public Interest Disclosures 0 0
REPORTING PROCEDURES Protected Disclosures 0 0 The number of disclosures referred during the year by the public body to the Disclosures of improper conduct or detrimental action by the 0 0 Ombudsman for determination as to whether they are public interest disclosures Trust or its employees may be made to the following officer: The number and types of disclosed matters referred to the public 0 0 The Protected Disclosure Coordinator and Officer: body by the Ombudsman for investigation
Darren Rattle The number and types of disclosures referred by the 0 0 General Manager Corporate Services public body to the Ombudsman for investigation
Box 1 Aughtie Drive The number and types of investigations taken over from 0 0 Albert Park Victoria 3206 the public body by the Ombudsman The number of requests made by a whistleblower to the Ombudsman Email: [email protected] 0 0 to take over an investigation by the public body Tel: (03) 9926 1506 The number and types of disclosed matters that the public 0 0 body has declined to investigate
The number and types of disclosed matters that were substantiated upon 0 0 investigation and the action taken on completion of the investigation
Any recommendation made by the Ombudsman that relate to the public entity 0 0 Recommendation regarding file security and management
74 STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT STATE SPORT CENTRES TRUST 2012-2013 ANNUAL REPORT 75