Perth Motorplex

Annual Report 08-09 WA Sports Centre Trust trading as VenuesWest Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

Statement of Compliance

For the year ended 30 June 2009 To the Honourable Terry K Waldron MLA Minister for Sport and Recreation; Racing and Gaming; Minister assisting the Minister for Health. In accordance with the requirements of section 64 of the Financial Management Act 2006, it is my pleasure to submit for your information and presentation to Parliament, the Annual Report of the Western Australian Sports Centre Trust trading as VenuesWest for the year ended 30 June 2009. The Annual Report has been prepared in accordance with the provisions of the Financial Management Act 2006.

Graham Partridge Chairman

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Contents

Statement of Compliance 3 Contents 4 Overview 6 Executive Summary - Chairman Report 8 Chief Executive Officer’s Message 12 Operational Structure 14 Venueswest Board 18 Agency Performance 24 New Venues 32 Finance Overview 34 2008-09 Event Directory 35 Significant issues impacting the agency 40 Key performance indicators 43 Financial statements 56 Publications 67 How to contact VenuesWest 67

ANNUAL REPORT 2008/09 4 ANNUAL REPORT 2008/09 5 ANNUAL REPORT 2008/09 In February 2009 the Government of WA confirmed WA of Government the 2009 February In would that VenuesWest be the owner of the Perth Work is Arena. underway on state-of- new, Perth’s the-art multipurpose indoor sports entertainment venue. and When complete, the will be premier the in of jewel the the crown City’s Perth Arena entertainment precinct. It completed in 2011. is expected to be Centre Basketball WA The State Government basketball facility is for developing Western Reserve. Australia The a at new new AK facility precinct will which join is Stadium, the already the WA home sports Athletics Stadium, to the Western Australian Institute Challenge of Sport and UWA Sports Park. The WA Basketball Centre is expected in 2010. early to open New venues: Perth Arena 7

Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Basketball Centre WA WA Athletics Stadium Athletics Stadium WA WA Motorplex Speeddome Motorplex Speeddome Perth Arena Perth Perth Arena Perth Challenge Stadium Challenge Stadium Arena JoondalupArena Joondalup Built in Perth’s northern suburbs and aquatic facilities in recreation multi-purpose sport, provides 1992, Arena clubs, Joondalup sporting 30 of excess in to Home community. local the for members Swim to Learn 1000 members, Fitness & Health 2,000 and West Perth Football Club, Arena Joondalup caters for a variety of sports including badminton and soccer. football, volleyball, tennis, hockey, netball, athletics, rugby, Arena Joondalup Midvale SpeedDome Midvale The Midvale SpeedDome provides training and competition The Australia. facilitiesWestern for cycling and in rollersports SpeedDome opened in 1989 and is complex. and rollersports indoor velodrome Perth’s only combined In 1986, VenuesWest’s first venue, Perth Superdrome, was built built was Superdrome, Perth first venue, VenuesWest’s In 1986, with its primary focus being a commitment to help elite develop sport and athletes a to home in currently is facility the their Stadium, Challenge as known pursuit of excellence. Now childcare, concerts, sport, elite including: - activities of myriad plus health and fitness facilities. events functions, Challenge Stadium Challenge The Western Australian VenuesWest Sports Centre is Trustmaintaining responsible trading and promoting as for theelite sport use and of managing, competition, State recreational facilities programmesentertainment operating, and for events. VenuesWest employs over venues: located in the following 211 physically full-time equivalent staff OVERVIEW OF VENUESWEST Overview ANNUAL REPORT 2008/09 6 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

Executive Summary Chairman’s Report

2008-2009 has without doubt been one of the most significant in the organisation’s history. VenuesWest played a critical role in the support of elite sport programmes with its venues being used as elite training and/or competition facilities for swimming, water polo, diving, athletics, basketball, netball, gymnastics, cycling, hockey and many other In a year where there were more than 2,000,000 visits through our doors, the organisation outlined its visionary sports. Exceeding the tough satisfaction research target amongst elite sport people across the venues was proof of the VenuesWest new future. continued commitment during this time of change. The Board and management team began the 2008-09 year with a significant Strategic Planning process which We have continued to encourage community sport and participation and continued to provide a wide range of programmes and involved extensive consultation. As a result of listening and exploring ideas with our stakeholders and staff a competitions for both individuals and teams across our venues which has seen a number of milestones exceeded including a record new and ambitious strategic plan was developed bringing with it a period of intense change, positioning and number of children being taught to swim in VenuesWest facilities. growth. The Strategic Plan – Working together to deliver quality experiences (2009 – 2014) reflects the significant growth in our portfolio of assets and the way we operate and services we provide. VenuesWest’s commercial endeavours ensure the delivery of high quality entertainment and facilities to the community and enable the subsidy of elite sport and community users. Over 500 events were hosted during the year including sporting events, concerts, The Western Australian Sports Centre Trust name was established in 1986 when the organisation commenced banquets, conferences and exhibitions. Some event hosting highlights included: managing Western Australia’s major state owned sporting facilities. There is no doubt that this role has been vastly expanded and that the addition of recreation, community and entertainment facilities over time has • Rock-It 2009 Kings of Leon sold out to 26,500 fans caused the organisation to evolve and reconsider its future. • Danny Greens International Boxing Fight As part of the evolution of the organisation it became clear a new trading name was required that more • 14 Wildcats National Basketball League games and 1 finals game accurately positioned us given the range of experiences we now provide, whilst also reflecting a distinctive • 7 West Coast Fever ANZ National Netball fixtures organisation that delivers high quality experiences, value for money, a range of opportunities and acts in an approachable and • 10 West Perth Football Club games professional manner. I would like to take this opportunity to thank the Minister for Sport and Recreation the Hon Terry Waldron MLA and his staff for After much research and consideration it was agreed that VenuesWest was the name that best represented our business mix, the the very positive support they have extended to VenuesWest in its time of growth. I am delighted to report that as Chairman and new Strategic Plan and our exciting future direction. The change also epitomises the need to work as one organisation with one set in conjunction with the Chief Executive Officer, VenuesWest has been able to establish an excellent working relationship with the of goals and one path to take us there. Minister and have a regular opportunity to work with him on plans, strategies and changes that shape our future. The year has many highlights and on behalf of the Board I must acknowledge with gratitude the support VenuesWest has received The coming year will see VenuesWest completely change its structure, open its sixth venue, focus on the challenging financial goals from the State Government. The new facilities that have been entrusted to us and the additional responsibilities have been a huge we have set ourselves and move to be recognised as WA’s provider of premier sports, recreation and entertainment venues. It is an factor in helping us create our new plan for the future and assess and critique existing structures and approaches. One of the exciting time and we thank our stakeholders and customers for their patronage. guiding principles in the Strategic Plan was ensuring we had the operational capacity to continue to add new sport, recreation and entertainment venues to the portfolio. My sincere thanks also go to all members of the board who have dealt with the many challenges that have come before it in a timely and professional manner which has resulted in VenuesWest successfully going through a period of unprecedented growth The granting of client status by the Government of Western Australia for the new Perth Arena project was a significant milestone for VenuesWest. This will be an iconic building for the people of Western Australia, attracting more entertainment, sporting and cultural In particular, I would like to thank the outgoing board member Sean Walsh after his second long and valuable term as a member of events to Perth and seeing 400,000 visitors each year. Client status will see us work very closely with the Office of Strategic projects our board. to deliver a world class venue that we fully intend to be the best of its kind in Australia. The State Government has also provided VenuesWest with ownership and management responsibilities for the WA Athletics Stadium and the WA Basketball Centre. Combined these fantastic facilities will see VenuesWest’s portfolio of assets grow in value by $72 million. On the 26th of May the Honourable Colin Barnett MLA, Premier of Western Australia, fired the starting gun for the 100 metre race with the cream of WA’s female 100 metres sprinters to officially open the WA Athletics Stadium. There are already 71 events booked into Graham Partridge the Stadium culminating in the Australian Athletics Championships and selection trials for the 2010 Commonwealth Games which Chairman will return to Perth for the first time in over two decades and will be staged in Australia’s newest Athletics venue. This boutique venue was completed on time and within budget and we must thank Ron Alexander and his team at the Department of Sport and Recreation who did an outstanding job in delivering this stadium. The WA Basketball Centre is a magnificent building under construction beside the WA Athletics Stadium in Mt Claremont is due to open early in 2010. This venue should bring a new era of basketball to WA with effectively 40,000 operable court hours. The Board has overseen the smooth integration of these fantastic new assets into our portfolio and is excited about the potential of the world-class sporting precinct being created with the completion of the new facilities at AK Reserve adjoining Challenge Stadium and McGillvray Oval. The Board is focused on ensuring that our venues are utilised to the best of their capacity whilst managing an appropriate balance of usage across our business mix of elite sport, community activity and commercial clients.

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Chief Executive Officer’s Message

I am delighted to present the VenuesWest 2009 Annual Report The current VenuesWest business mix highlighting a very successful year for the organisation. We achieved a great many goals set for the organisation for the year, and I am particularly pleased that despite a year of much economic downturn we delivered better than budget performances for our venues. In the area of service levels we also exceeded our targets and this was an excellent result given that this was a year of significant change.

The year that has passed was one of massive challenges, change, planning and reengineering. . Amidst all of this change the organisation had to maintain the service levels to its huge range of customers and continue to put stakeholders first.

The Board of VenuesWest officially launched the new Strategic Plan in May 2009. Its premise is simple but its potential is far :1 reaching and all encompassing. At its heart is a call for greater focus for this organisation. We need to achieve tough goals and to do this we are focusing on three pivotal areas: Grow, Sustain and Excel. 2008-2009 will be a year to remember for so many things. Australia for the trust it has put in this organisation • Swim school training to more than 2,500 children across Despite tough economic conditions we powered forward and The new VenuesWest identity is integral to this plan because demonstrated by the new venues and responsibility it has our seven pools rethought, restructured, reinvigorated and reforecast so that it defines better who we are and what we do, and gives us a added to the VenuesWest portfolio. It has been important • Superior customer service during more than 2.17 million we met and exceeded revenue budgets that were set at a time chance to reinvent, refocus, and rethink. It has been asked to us in how we have set our new operating principles to visits to our venues when the economy was far healthier. I would like to confirm my of me a number of times, why did we change our name? We guide the way that we do business, to successfully integrate thanks for everyone across the organisation who participated • More than 272 large scale events in 2008/2009 didn’t change our name, we changed who we are to the outside the new venues into the existing portfolio. These principles in keeping us to our targets. • 891 meetings, functions and banquets world, what we do, how we do it, how we communicate, and guide our actions, help us make decisions, and will always how we grow, change, and learn. In light of the new venues, A highlight in 2008-09 was the sellout at our Arena Joondalup be applied when developing new strategies and initiatives. I would like to sincerely thank the Board for their ongoing new responsibilities and new objectives it was important to be venue of the RockIT concert that was headlined by global chart The principles are: guidance and the VenuesWest team for their contribution to future focused. The name VenuesWest is part of this future. topping band Kings of Leon. • VenuesWest responds to consumer needs the many excellent results highlighted throughout this annual report. I look forward to the opportunity to further cementing A number of other events for the year could be mentioned, but • VenuesWest works in partnership Very importantly the strategic plan outlines how we intend to the changes and progressing the achievements made in the none that had more organisational impact than the opening of • VenuesWest is accountable for its resources and actions. work together more effectively with our stakeholders. In the coming year. the WA Athletics Stadium next to Challenge Stadium. It was 2008-09 year this has resulted in a significant increase in the VenuesWest achieved much across its business mix for the fantastic for the people of Western Australia to get such an provision of training and competition hours and ongoing efforts year; substantial support to elite sport in Western Australia for amazing sport and outdoor entertainment venue and we look to partner with stakeholders to bring national and international both training and competition; significant opportunities for the forward with great excitement to many fantastic events and sporting and entertainment events to our venues. community to become more active through health and fitness sporting milestones at the venue. programmes; and use of our venues to increase the number of The definition of our business mix between elite sport, We have watched the WA Basketball Centre and Perth Arena entertainment events in Western Australia. community and commercial stakeholders is an important being built with growing excitement as the next stage of the step in allowing us to manage our facilities more effectively, A few of the varied highlights include David Etherton VenuesWest growth phase takes shape. understand our costs more fully and deliver on our promises • More than 3,000 adult Western Australians participating in Chief Executive Officer to all groups. As an organisation we thank the Government of Western health and fitness in gymnasiums in two venues

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Operational Structure Centre Stadium

Enabling Legislation OUR OPERATING PRINCIPLES Projects Perth Arena WA AthleticsWA New Venue WA BasketballWA

The WA Sports Centre Trust was established as a statutory VenuesWest operating principles have been developed to authority under Section 4 of the Western Australian Sports guide the way we do business. The principles guide our Centre Trust Act on the 12th December 1986. actions, help staff make appropriate decisions and are applied when developing new strategies and initiatives. Business Under the provisions available within the above act, the new Business Strategic planning planning initiatives Planner Performance Corporate improvement Janis Carren measurement and reporting Annual report trading name, VenuesWest was gazetted on 8 May 2009. VenuesWest responds to consumer needs Strategic and -a Responsible Minister Working in partnership with others, VenuesWest will provide I services that safely and effectively meet the needs of Western The Hon. Terry Waldron, Minister for Sport and Recreation for Australians. Our aim is to enable timely access to the right the period from September 2008 to 30 June 2009. services in the right setting. health relations selection Workers’ Human Di Misic, Employee safety and with public Compliance HR Planning Resources Training and development The Hon John Kobelke former Minister for Sport and Recreation development Occupational compensation Jen Broderick Organisational Nicki Eastman, Recruitment and for the period under review prior to the September election (1 VenuesWest works in partnership sector standards July 2008 – 6 September 2009). We will partner and collaborate with other providers, government departments and service organisations to provide OUR PURPOSE – WHY WE EXIST integrated, sustainable services that deliver benefit to Western

Australians. Risk Payroll Records Financial reporting reporting Finance technology Information Procurement management management management Management Western Australia’s provider of premier sports, VenuesWest is accountable for its resources and Chris Johnson recreation and entertainment venues. actions We will work to become recognised and valued as providing In providing dependable services for Western Australians, we opportunities for are accountable to the community for the optimal utilisation of Asset energy

• Elite athlete support CEO projects Building systems, assets and information. We learn from any mistakes Contract programs Managing Board Services maintenance management and planning Capital works efficient use of Andy Reader and continuously improve the quality of the services we Property and • Health and participation for individuals and families management Minister for VenuesWest • Entertainment experiences for Western Australians provide. Executive Office Sport and Recreation Our focus is on sustainable delivery of sporting, recreational Relationship to Government strategic goals and entertainment activities by maintaining an appropriate VenuesWest contributes directly to the State Government Event balance between services delivered and community and Retail Fitness Stadium facilities Aquatics Catering goal of: Café and including: Health and Operations John Lynch John Marketing Leadership, and efficient promotion of and services of Challenge Programmes management financial benefit. Merchandise Enhancing the quality of life and wellbeing of all people throughout Western Australia by providing high quality, accessible services. By achieving the following outcomes: usage events • Provision of facilities for elite sports training and license Ensuring Motorplex conditions and Perth agreement diversity in Ross Peters Motorplex national and Promotion of promotion of of Motorplex facilities and facilities and international Luke Krohn / Krohn Luke Management Management level training SpeedDome environmental competition of SpeedDome compliance with • Provision of facilities for community sport, entertainment and recreation These outcomes are achieved through the delivery of two key Club

services: Retail Arena Fitness facilities Aquatics Catering Café and Facilities including: Health and Events and Joondalup Leadership, Arena Swim and efficient promotion of and services Programmes Merchandise • Management of elite sport facilities Chris Andrich management of ArenaJoondalup • Management of community sport, entertainment and I recreation facilities Event Retail Fitness Stadium facilities Stadium Aquatics Catering Café and including: Health and Operations Challenge Leadership, and efficient Rob Verboon Rob promotion of and services of Challenge Programmes management Merchandise 2008-09 Organisational Chart Team Management Venueswest Management Team VenuesWest (VMT) comprises the Chief Executive the Officer, Managers, Venue Manager three Property and Services, Manager Finance, Planner. and Corporate Manager and the Strategic Marketing Manager Human Resources,

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VenuesWest Board

VenuesWest provides for the establishment of a Board of Management to administer the legislation. The Board is appointed by and is responsible to the Minister for Sport and Recreation. Ms Barbara Macnish Mr Wayne Cox During 2008-09 the Board met monthly and carried out its responsibilities in line with an approved Code of Conduct for Government Ms Macnish was appointed to the Board Wayne Cox joined the Board in January 2009 and his Boards and Committees. The Board met on 13 occasions within the reporting period. The number of meetings attended by each of VenuesWest on the 12th March 2007 current term expires 30 June 2010. Wayne worked member is shown in a table on the following page. for a term expiring on the 30th June as a financial controller for a large intellectual 2009. Barbara is the Executive Director property law firm for nine years before going into Portfolio Coordinator for the Department public practice as a tax accountant. He has been a of Culture and Arts and has had extensive partner at Pascoe Partners for eight years and has BOARD MEMBERS experience in State and Commonwealth 20 years experience in taxation, superannuation Government organisations. She is a and commercial accounting roles. member of several Boards and Committees and was the winner Pascoe Partners is one of the largest CPA firms in WA and Mr Graham Partridge, Chairman Mr Graham Goerke of the Western Australian Telstra Business Women of the Year administers about 700 self managed super funds employing Award in 2003. Barbara Chairs the Events and Marketing Sub Mr Partridge was appointed Chairman of Mr Goerke was appointed to the Board of about 70 staff. His principal responsibility is to business Committee of The Board. VenuesWest on 12 March 2007 with his current VenuesWest on 12 March 2007 with his current term consultancy in areas of taxation, structural, superannuation and term expiring on the 30 June 2012. Graham is well expiring on 30 June 2008. Graham is the Chairman of Ms Pam Glossop succession planning. placed for his role as Chairman of VenuesWest’s Partners of Jackson McDonald Lawyers and has over Board having considerable experience in the role 25 years of experience in the area of commercial Ms Glossop was appointed to the Board Wayne has a degree in Business and is a CPA with a Post of Chairman and leading organisations as well as law. He is particularly involved in commercial of VenuesWest on 18 June 2007 with her Graduate Diploma in Business Taxation. He has almost long associations with sporting organisations and property development, conveyancing and leasing current term expiring on 30 June 2010. completed a Masters in Taxation. Apart from his financial facilities both as a manager and participant. with much experience in hospitality and tourism Pam is currently the Chief Executive skills Wayne has a good understanding of the sports portfolio developments, environmental law and native titles. Officer of Bowls WA and has had having been part of the WAIS rowing program and a former Graham is the Executive Director of the Australia Day Council extensive experience in the sport and rugby player. of Western Australia and a Director of the POWA Institute, a not Graham is Chairman of the Audit, Finance and Governance recreation industry. for profit organisation working in alliance with the de Bono Subcommittee of the Board. Mr Glen Bartlett Institute of Australia to grow thinking power of all Western She has had a distinguished sporting Mr Bartlett was appointed to the Board of the Trust Australians to deliberately create better futures. Mr Ronnie Hurst career representing Australia in hockey at the 1980 and 1984 on the 12th March 2007 for a term expiring on Olympic Games and as coach at the Australian Institute of Graham is a past National and State President of Local Mr Hurst was re-appointed to the Board of the 30th June 2009. He resigned from the Board in Sport Hockey Unit from 1984 to 1993. Pam was the Queensland Government Managers Australia (LGMA) and has been VenuesWest commencing on 12 March 2007 with September 2008. Glen is a Partner in Clayton Utz Sportswoman of the year in 1979 and 1983 and was an inaugural awarded a Certificate of Merit and Local Government Medal, his current term expiring on 30 June 2010. Ronnie and leads a team of approximately 12 professionals inductee into the Queensland Hockey Hall of Fame in 2002. LGMA’s highest honour. is currently employed with the Department of who work in the area of workplace relations and Sport and Recreation in the position of Director employment law. He had a distinguished sporting Graham has 30 years experience as a Chief Executive Officer Ms Rowan Maclean Programmes and Services. Prior to his employment career in Australian Rules Football being an in local government and during that time gained a strong with the Department, he was employed with the City Rowan Maclean joined the Board of inaugural member of the West Coast Eagles and is international and national perspective and respect as a local of Melville in the position of Manager Community VenuesWest in July 2008 as the nominated a life member of the East Perth Football club. government professional. He has a vast understanding of the Development. member of the staff of the University interrelations between government, business, sporting and of Western Australia. Her current term He has a distinguished sporting career, having competed in community sectors. expires on 30 of June 2012. Rowan is the 1978 Commonwealth Games in springboard and high the Director of the UWA Sports Park Graham brings to the Board a strong strategic analysis, board diving representing Scotland. He also played rugby located adjacent to Challenge Stadium commercial acumen and facility management skills as well as union for Edinburgh and Western Australia and is a martial arts and has had extensive experience in the a deep understanding of change management, consultation practitioner. and governance. management of property and assets in Mr Sean Walsh the Department of Culture and the Arts and the Department of Ms Suzanne Taylor Training and Employment. Mr Walsh was appointed to the Board of VenuesWest Whilst at the Department of Culture and the Arts, Rowan Ms Taylor was appointed to the Board of VenuesWest on 12 March 2007 with his term expiring on 30 was responsible for 25 high profile public buildings with a on 12 March 2007 with her current term expiring on June 2009. Sean was the inaugural Deputy Chair replacement value in excess of $400m and at the Department 30 June 2008. This has subsequently been extended of VenuesWest when it was originally set up and of Training and Employment Rowan was responsible for the to 30 June 2010. served on the Board of VenuesWest for five years management of a land and property portfolio valued in excess at the time. He has held various positions in the Suzanne is the Director of Administration of Gemini of $650m. Medical Services which provides general practice Western Australian Government including the Chief and occupational health services to Australian state of Staff to Dr Geoff Gallop in his capacity as Leader Prior to this Rowan worked internationally in strategic and and local government and to large industry and of the Opposition and Premier of Western Australia. corporate asset management having completed her Bachelor mining companies in regional Australia. She has also He has had extensive involvement in competition Degree in Architecture at UWA in 1988. had extensive international experience in retail operations. sport including tennis, rugby union, football and athletics.

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VenuesWest), Ronnie Hurst (Board member Board Meetings and Attendances Members: Graham Partridge – Co Chairman (Chair of VenuesWest), Wayne Cox (Board member INDEPENDENT EXTERNAL ADVICE VenuesWest), Richard Mann – Co Chairman VenuesWest), David Etherton (VenuesWest Board Member Actual Possible (Executive Director Strategic Projects, DTF), CEO) and Chris Johnson (VenuesWest Manager Individual Board members have the right to seek Attendance Attendance Michael Cutler (Adviser to Minister for Sport and Finance) independent professional advice on particular matters Mr Graham Partridge, 12 12 Recreation), Rowan Maclean - (Board member before the Board, subject to approval from the Chairman, at Chairman Title: Events and Marketing Subcommittee VenuesWest), David Etherton (VenuesWest CEO), VenuesWest’s expense. Role: Utilise its expertise and networks to create and Geoffrey Grice (State Solicitors’ Office), Mike Ms Suzanne Taylor 10 12 capitalise on events and marketing opportunities Barnes (Department of Treasury and Finance), Mr Graham Goerke 9 12 to grow VenuesWest business. Executive Support, Nigel McCombe (Project Key Legislation Director- Strategic Projects DTF), Shane Walsh Streamline the consideration by the Board of events In the performance of its functions, VenuesWest is subject to Mr Ronnie Hurst* 6 12 (VenuesWest Perth Arena Project Manager), Patrick and marketing policies, strategies and results. Mr Glen Bartlett 1 3 Pierce (VenuesWest Perth Arena Consultant) the following key legislation: Promote open lines of communications amongst Anti-Corruption Act 1988 Mr Sean Walsh 11 12 members of the Board, the management team and Anti-Discrimination Act 1938 Ms Barbara Macnish 12 12 key external stakeholders in relation to events and DECLARATION OF INTERESTS marketing. Archives Act 1983, Commonwealth Ms Pam Glossop 11 12 Members: Barbara Macnish – Chair (Board member The Board has a standing declaration of interest process where Censorship Act 1996 Ms Rowan Maclean 11 12 VenuesWest), Sean Walsh (Board member Board agenda papers are not distributed to those members who Civil Liability Act 2002 Mr Wayne Cox 3 5 VenuesWest, Suzanne Taylor (Board member have declared or perceived interest in relation to any matter. Classification (Publications Films and Computer Games) VenuesWest), David Etherton (VenuesWest CEO), In addition to this process, Board members declare other Enforcement Act 1996 * Board member on approved period of leave during 2008-09. John Lynch, (VenuesWest Manager Marketing), Rob interests from time to time as matters arise. 11 declarations of Commercial Tenancy (Retail Shops) Agreements Act 1985 Verboon (VenuesWest Centre Manager Challenge Special Board Meetings and Attendances Stadium) and Chris Andrich (VenuesWest Centre interest were made during the course of the financial year for Copyright Act 1993 Manager, Arena Joondalup) the following matters involving; Corruption and Crime Commission Act 2003 Board Member Actual Possible Title: Perth Arena Subcommittee Graham Partridge Compass Eurest Criminal Code Attendance Attendance Role: Provide additional focus on all aspects of the Graham Goerke Steel Company associated with Perth Crowns Suits Act 1947 Mr Graham Partridge, 1 1 Arena, Perth Arena Project and a link between the Board, Electoral Act 1907 Chairman the Perth Arena Project Office and the Transition Pam Glossop DSR Future Success 2 Committee, Environmental Protection Act 1986 Ms Suzanne Taylor 1 1 Working Group. Rowan Maclean UWA, Cameron Chisolm Nicol, Ascend Evidence Act 1906 Mr Graham Goerke 1 1 Utilise its expertise and networks to provide a Physiotherapy. source for communication and direction to support Ronnie Hurst Attendance to “Arena Management Pty Equal Opportunity Act 1984 Mr Ronnie Hurst* 0 1 the Perth Arena Project Office. Ltd” Seminar Fair Trading Act 1987 Mr Glen Bartlett 0 0 Act as advisor to the Board to streamline the Sean Walsh resident Town of Cambridge, Gold Financial Management Act 2006 consideration process, relating to issues involving Mr Sean Walsh 1 1 Member of Challenge Stadium, Royal Freedom of Information Act 1992 any aspect of the project. Life Saving Society WA Ms Barbara Macnish 1 1 Government Employees Superannuation Act 1987 Provide direct liaison and open communication Barbara Macnish Resource Unit Children’s Special needs Ms Pam Glossop 1 1 between the Perth Arena Project Office and the Government Financial Responsibility Act 2000 Ms Rowan Maclean 1 1 Board. Income Tax Assessment Act 1936 Members: Graham Partridge – (Chair and Chair of Industrial Relations Act 1979 Mr Wayne Cox 0 1 VenuesWest), Ronnie Hurst (Board member Industrial Relations Act 1990, Commonwealth * Board member on approved period of leave during 2008-09. VenuesWest), Wayne Cox (Board member VenuesWest) Rowan Maclean (Board member Liquor Licensing Control Act 1988 VenuesWest), David Etherton (VenuesWest CEO), Library Board of Western Australia Act 1951 Formal Committees of the Board Shane Walsh(VenuesWest Perth Arena Project Minimum Conditions of Employment Act 1993 Manager), Patrick Pierce (VenuesWest Perth Arena Occupational Health, Safety and Welfare Act 1984 The Board appoints committees to assist in the performance Consultant) Occupiers Liability Act 1985 of its functions. The terms of reference and performance of the Title: Perth Arena Steering Committee committees is reviewed by the Board on an ongoing basis. The Perth Parking Management Act 1999 Role: Recognise the need to ensure the objectives of formal committees of the Board, their terms of reference and VenuesWest as owner/client are being met in Public Sector Management Act 1994 membership are listed below: regard to the construction, fit out and set up of the Salaries and Allowances Act 1975 Title: Audit, Finance and Governance Perth Arena. State Supply Commission Act 1991 Subcommittee Provide strategic advice to the Board and Minister State Records Act 2000 for Sport and Recreation through; Role: To assist the Board of management in fulfilling Treasury Regulations and Treasurer’s Instructions its oversight responsibilities for the financial The oversight of the contractual, commercial, Western Australian Sports Centre Trust Act 1986 reporting and accountability process, the system legal and political risks and opportunities to be of internal control, the audit process, good considered in the delivery of the Perth Arena Worker’s Compensation and Rehabilitation Act 1981 governance and best practice and VenuesWest’s project. process for monitoring compliance with laws and Communication between the Perth Arena Project regulations and the code of conduct. Office, VenuesWest, Strategic Projects (Department Members: Graham Goerke – Chair (Board member of Treasury and Finance) and relevant government VenuesWest), Graham Partridge (Chair of agencies with input to the project. VenuesWest), Pam Glossop (Board member

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ANNUAL REPORT 2008/09 22 23 ANNUAL REPORT 2008/09 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre I Agency Performance Challenge Stadium

Challenge Stadium experienced another very successful year in 2008-09 with 958,232 patron visits and 442 sporting and other events.

Aquatic Centre Programmes The Aquatic Centre’s five swimming pools; three x 50m Olympic pools, diving pool and outdoor water polo pool, attracted The Programmes business unit offers a wide range of 365,272 patrons. This is a 1.3% decrease in attendance from programmes for schools, community and corporate groups. the previous year attributed to increased provision for elite Programmes conducted during 2008-09 included: sport and a slight reduction in attendance over the primary • Kanga Karate event season. • Adult Swim Fit The Aquatic Centre conducted a total of 342 events during • Beach Volleyball 2008-09. Events included the IGSSA and PSA swimming • Birthday Parties carnivals, 20 State Championship events and 308 local aquatic • School Sports WA The major sporting events held in the main arena during this based events. • Diving and triathlon clubs • Corporate Activites year included: • Aqua aerobics. • Holiday Swim The highlight events for the year were the Australia v Asia • 15 NBL games All Stars Swim Meet, international water polo games, state • Learn to swim squads • Holiday Kidz Gym • 7 ANZ Trophy games swimming and diving championships and the IGSSA and PSA • General recreation and fitness swimmers • Private Swim interschool events. Major events included: • Danny Green Boxing Event • Synchronised swimming • Challenge Sports Experience • Australia v Asia All Stars swim meet The non-sporting events staged included: • Underwater hockey • Challenge Swim School • 43 Swimming WA events • Judas Priest concert Elite sport training and competition activities for 2008-09 • Kidz Dance • WA Diving state championships • Dancesport Championships included the following hours of lane hire: • Multi Sports • PSA boys interschool swimming • Fall Out Boy concert High performance swim training 20,417 hours • Kidz Sports Club • IGSSA girls interschool swimming • The Veronica’s concert x 2 Competition swimming events 440 hours The highlight of the year was enrolments in term 1 Swim • 52 WA Water Polo summer and winter competition fixtures • The Presets concert School peaking at its highest ever level of 1,723 students, up • 3 international water polo games Diving training and competition 1,118 hours • The Living End concert 250 registrations from the previous year resulting in a record • 10 national water polo games. Water polo training 2,890 hours. • Ross Noble comedy show income for the Programmes Department of $1.19 million. • 71 school swimming carnivals Event Operations Event Catering Merchandise • 3 school water polo competitions Challenge Stadium Event Operations comprises a 4,500 Event Catering is comprised of four major business areas at Challenge Sports stocks a comprehensive range of aquatic • AUSSI masters state championships seat Main Arena, an 830m2 training hall and a purpose built Challenge Stadium; Perfect Balance Café, events, banquets swimwear, accessories, aerobic and leisure wear. During this • WA disabled state championships gymnastic training centre. These facilities are used for sports and functions. Twenty three banquet functions were hosted in year it increased its exposure to country and international • 8 club swimming events training and competition and for commercial activities such as the Main Arena during the year, catering to a range of guests clientele with mail order sales during the year after the conferences, product and car launches, exhibitions and trade from 250 to 1400. introduction of an extensive online catalogue. Sales were User groups catered for by the Aquatic Centre included: events, banquets and concerts. below original expectations with a slower economic climate • Swimming WA Dinner functions included: reducing demand. A total of 100 events were staged in the arenas during 2008-09, • WA Water Polo • Clough Banquet, a reduction of 9% on the previous year. The 2008-09 calendar • Annual WAIS Dinner Challenge Fitness Centre • WA Diving Association consisted of 53 sporting events, 46 commercial events including Fitness Centre memberships were at a monthly average • Royal Life Saving Society of WA 15 concerts and 23 banqueting events. • Ernst and Young Banquet of 1,250 with the annual attendance reaching 98,188. The • Hale Senior High School 100 Year Reunion Ball • High performance coaches (swimming, diving, water Patronage through the arena was 221,156 for the year membership and visit card memberships were on par with polo) representing a 21% reduction to the previous year due to a • Ajilon Ball the previous year’s statistics showing an annual retention rate • University of Western Australia Guild. decrease in events that occurred with the economic slowdown • Freehill, Hollingsdale and Page Dinner of 51.7%.

ANNUAL REPORT 2008/09 24 25 ANNUAL REPORT 2008/09 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

Arena Joondalup Childcare Catering Arena Joondalup provides specialist accredited child care The catering department had a very successful financial year. Arena Joondalup is a major elite sport, community and services including a crèche and before and after school The number of events hosted increased from 33 in 2007-08 to recreation facility in the northern suburbs. Arena had a care. Once again exceeding budget expectations with 26,562 56 in 2008-09. Despite the number of functions decreasing fantastic year with the most visits ever at 958,039. children for the year. from 117 in 2007-08 to 110, the spend per head was much greater delivering significantly improved financial results. Programmes and Sporting Competitions It attained National Childcare Accreditation and Quality Assurance in October 2008 for a further three years and Cafe Arena Joondalup provides a great range of community continuation of the Australian Sports Commission Active After programmes including a large swim school. Schools Communities funded program. A touch screen system was installed in the café enabling more accurate capture of sales records and an improved With innovation the Learn to Swim programme managed to Arena Childcare successfully made the transition to the new monthly stock take system was implemented to ensure practically maintain numbers despite the need for reducing Child Care Management System (CCMS) in November 2008. effective inventory management of packaged goods. The Café pool temperatures during the WA gas crisis. Arena is now directly linked to the Department of Education, performed well at the beginning of the financial year, but the Leisure programmes were rationalised freeing up the courts Employment and Work Relations (DEEWR) and Centrelink economic downturn certainly affected sales from December for external users and larger bookings. through this national system. SmartFees computer systems until the end of the financial year. were updated in line with the extensive change to government Western Australian Institute of Sport Sporting competitions were rationalised to improve profitability reporting. The cost of goods and services sold was held at an average and service with two sports, netball and soccer. The venue of 35%, this was 3% below budget and assisted to keep gross Challenge Stadium continues to host the Western Australian is running Wednesday and Thursday evenings at maximum Aquatics profit up while staff roster management has improved the Institute of Sport (WAIS). In this capacity, Challenge Stadium capacity (netball and soccer) and building the Tuesday night overall margins. Arena Joondalup provides one leisure pool and one 8 lane provides world class training and competition facilities for the (soccer) with overflow from the Thursday. competition pool and there were 403,398 visits for the year. majority of WAIS’s 400 plus athletes. Indoor/Outdoor WAIS athletes continue to represent Western Australia at Arena Swim Club The Special Events business unit had a very successful year and delivered a net profit for the first time since 2005/2006. international competitions with great success. Jeremy Tidy represented the centre and ASC at the 2008 Beijing Highlights during the course of the year included: Health and Fitness Centre Paralympic games where he qualified for two finals. Hall of Champions • The return of WA’s premier music festival, Rock-iT In April 2009 at the Swimming Australia Age Championships Challenge Stadium also hosts the WA Hall of Champions Arena Joondalup provides a fully equipped fitness centre and headlined by global sensation The Kings of Leon more than 90 fitness classes a week with 2013 members and a in Sydney the club gained 1 bronze medal and a race in on behalf of WAIS on the venue’s upper level. The Hall was • Hosting the inaugural Relay for Life Joondalup with much 43.8% retention rate for the year. each finals day. The club had nine swimmers racing of which established in 1985 and perpetuates the outstanding sporting success including record fundraising returns for the five were debuting. 15 swimmers in total qualified for these achievements of Western Australia’s greatest athletes. The The bi-annual 30 days for $30 campaigns attracted a record Cancer Council of WA championships. Hall of Champions has grown from an initial fourteen Western number of registrations and subsequent memberships and • Hosting the 2008 ‘Be Active’ National Karate Australian sporting champions who were inducted in 1985 to income throughout this financial year. Championships 113 members from 22 sports. The new members inducted to • Hosting the West Perth Football Club Preliminary Final in the Hall of Champions for 2008 were Kate Starre (Womens The investment and upgrade of the latest ‘Life Fitness’ state of September 2008 Hockey) and Jim Schrader (Trotting). the art cardio equipment and the re-carpeting of the aerobics room, has made a substantial impact on member retention and Sports Lotteries House referrals and further increased the customer satisfaction in Health and Fitness. Sports Lotteries House is administered by the WA Sports Federation and is situated adjacent to Challenge Stadium. Sport Successful specialised member services and events included: Lotteries House accommodates the following organisations: • Personal training • WA Sports Federation • “Waistbusters” (weight loss) programme • Sports Medicine Australia • Re-launch of “Fit Club”, Arena Joondalup’s kids and teen • Triathlon WA programme • TouchWest • Arena Running Academy (City to Surf) • Baseball WA • Tour de France cycling promotion • Australian Council for Health, Physical Education and Recreation • Members’ themed parties • Water Polo Association • AHM Veterans Heart Health programme • Womensport West • Les Mills launches • Fitness WA • Life Programme - training for disabled clientele • Canoeing WA • WA Diving Association • Masters Swimming • Future Now • Rottnest Channel Swimming Association

ANNUAL REPORT 2008/09 26 27 ANNUAL REPORT 2008/09 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

Perth Motorplex Energy Smart Baseline 2008-09 Variation Marketing Government Data Actuals % programme The Marketing team completed a variety of operational The Motorplex is managed by Kwinana Motorplex Pty Ltd Energy consumption 42% 65,227 37,752 projects for the year as part of the 2008-09 marketing plans. under a non exclusive license agreement. Visitation at the (Gj) reduction Motorplex was 275,283 which was the best year on record. Energy cost ($) $1,067,980 $932,963 The websites for the organisation were completely replaced Innovative programming by the venue managers resulted in a Greenhouse gas with a new up-to-date web solution providing superior 4,460 5,874 broader cross section of WA people visiting the venue. emissions (tonnes of CO2) graphics, tools and usability compared to the old websites. The content management system was also replaced which will In 2008-09 the Motorplex: VenuesWest has maintained the significant reductions achieved make the websites a more active part of the marketing mix to • Hosted the 2009 Australian Sprintcar Championship in the first five years of the Energy Smart programme, and it increase sales. • Hosted in excess of 100 events including National Drag is certainly possible for further reductions to be achieved, Marketing worked with the Board to create and launch the Racing, Super Speedway, burnout shows and stunt Shows particularly at Arena Joondalup. new VenuesWest brand as part of the new strategic plan. The • Continued to provide opportunity for legal off street drag Some of the energy saving initiatives undertaken during the organisation identified the need to have a strong, credible racing year included replacing light fittings, as required, with more brand in the marketplace, especially in light of the new • Hosted Motorvation 23rd annual car show efficient T5 fixtures. facilities. The brand strategy was implemented to ensure a • Increased driver training and track hire use of the venue A wide range of capital works projects were undertaken at whole of organisation approach and to fully communicate its VenuesWest’s facilities in order to maintain or improve the full range of products and services. presentation and operational capabilities of the various sites. Improved recording systems has seen a much improved ROI At Challenge Stadium this included: (return on investment) for several business units which has • Replacement of evaporative air conditioning units servicing lead to more informed business decisions for marketing. The the Gymnastics Training Centre best example for the year was the 1254% ROI achieved for the Health and Fitness membership drive in January 2009. SpeedDome • Replacement of Gymnastics Training Centre floor • Replacement of the PABX, UPS and telephone system In conjunction with the Department of Sport and Recreation, • The CCTV system was upgraded and additional cameras Marketing planned and executed the launch of the WA Athletics Speeddome had a very successful year with increased revenue installed Stadium to the media on 26 May. The Premier, the Minster and and a total of 24,497 visits for the year. • Completion of the new workshop with associated equipment the Chairman addressed the guests and the first 100 metres race and javelin throws marked the occasion. All electronic Strategies to increase utilisation and multifunctional use • Commencement of the upgrade to the fire detection and and print media covered the launch. of the venue saw a focus on the marketing and promotion alarm system of the SpeedDome to increase awareness of its capacity to • Main Arena change room upgrade and function room New policies were created for media communication and host international and national teams for training and/or Property and Services bathroom upgrade preliminary plans for sponsorship and donations. The Media Communication participation in major events in 2008-09. • Planning and documentation for the repairs to the Main Policy was implemented to provide VenuesWest with an enhanced public image and a higher profile. The Sponsorship The following international teams trained at the venue during The department has been focused on energy saving projects in Arena roof and Donations Policy will ensure more effective use and the 2008-09 financial year; 2008-09 whilst also improving standards of venue presentation • Incoming water main repairs were completed and service delivery. Some projects included: measurement of sponsorships provided. • Great Britain • Thermal imaging completed • Extending the Building Management System controls at The Catering Business Development team was provided • Australia At Arena Joondalup capital works included: Challenge Stadium and Arena Joondalup with new printed and electronic communications aimed at • Malaysia • A maintenance workshop was completed and fitted out • Introducing more energy efficient lighting at all venues increasing market share. • Japan • The aquatics hall ventilation louvre mechanisms and • Improving control of lighting and air-conditioning at Arena controls were replaced New street signage was installed for Arena Joondalup to better • Lithuania Joondalup communicate the range of services after Main Roads research • The sports hall floor was resurfaced • Canada indicated 30,000 cars pass along Joondalup Drive. VenuesWest utilises a ‘condition audit’ on its facilities to • Substantial refurbishment to the irrigation pump house • New Zealand prioritise capital expenditure. were undertaken Both Pulse and Be Challenged customer magazines were redesigned with the name Front Row to better reflect the The capacity for the venue to cater for seven international Energy Smart Government Programme • Thermal imaging of MSB’s completed teams as compared to a target of two indicates the success of • New power and video circuits installed into the new brand. The suburban catalogue was also completely the promotional activities and the uniqueness of the venue. In accordance with the Energy Smart Government policy gymnasium redesigned to increase ROI. VenuesWest committed to and exceeded a 12% reduction in The SpeedDome in conjunction with Track Cycling WA and • The 50m pool was closed and drained for liner repairs to A revenue workshop was conducted with coordinators from non-transport related energy use Cycling WA, also formulated a bid for the 2011-2013 Australian be completed all business units to discuss concepts for increasing revenue during the economic downturn. Implementation commenced Championships. The initial period has passed and now the programme is to be At Midvale SpeedDome work included: extended further, but without a specified reduction target. on the most effective solutions. The SpeedDome also identified strategies for the diverse use • The main entry doors and fly screens were replaced of outdoor facilities, including driver training and driving The energy consumption figures below show that while overall • The telephone system was upgraded events. The facility delivered 243.5 hours of outdoor facility energy reductions are at 47.5%, energy costs have only • Fire sprinkler jacking pump renewal usage as compared to a target of 200 hours attracting a wider decreased by 37%. This is due to cost rises in the intervening • Additional electrical power circuits installed community group of participants. six years.

ANNUAL REPORT 2008/09 28 29 ANNUAL REPORT 2008/09 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

ANNUAL REPORT 2008/09 30 31 ANNUAL REPORT 2008/09 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

Perth Arena

The new VenuesWest Perth Arena will be an iconic building for the people of Perth and Western Australia, attracting more entertainment, sporting and cultural events to Perth and bringing in new visitors. Annually, more than 400,000 people are expected to experience the peak of entertainment, sporting and dining experiences in the Perth Arena. The VenuesWest Perth Arena is expected to be completed in mid 2011 and open for events towards the end of 2011. The major promoters in Australia that bring 90% of concert tours to Perth, have embraced the design and layout of the 14,500 seat arena in concert mode and have already indicated to VenuesWest that it will mean touring acts are more likely to come to Western Australia. The Perth Arena will have an operable roof to allow the venue to emulate the conditions at the Australian Open for Hopman Cup tennis competitors. The Arena will host the Hopman Cup, and various family shows similar to Disney on Ice and the New Venues Wiggles. In February 2008 VenuesWest was granted ownership of the Additional information: Perth Arena and in July 2009 will officially take on client status WA Athletics Stadium for the construction project. • Grandstand for 1,971 spectators VenuesWest has established a Perth Arena Project Office • Grass bank seating for 8,000 spectators The newest premier sporting facility was opened on 26 May which is located in East Perth and has responsibility for • Two kiosks and food services areas 2009 and is situated next to Challenge Stadium on Stephenson overseeing the budget for construction, fit out and transition Avenue, Mt Claremont. The project was completed on time and • Full timing equipment to full operating mode as well as driving the communications under budget whilst still ensuring an exceptional standard of • Floodlighting for night events strategy and public relations for Perth Arena. equipment and fit out. The stadium is an example of a close • Full CCTV coverage During 2008-09 extensive consultation with the architects for working partnership between VenuesWest, Department of the venue fit-out and finishes occurred in conjunction with Sport and Recreation and Building Management and Works. • Lift key stakeholders such as the Department of Treasury and • 6 change rooms and bathrooms Features: Finance, Building Management and Works, Office of Strategic • Adjacent to a ‘Bush Forever’ site. Projects, Department of Sport and Recreation, EPRA, City of • Designed to international standards Guaranteed restorative maintenance program through the Perth, Hopman Cup, Events Industry Association, Australian • The facility takes advantage of weather (wind) direction for creation of the Perry Lakes Trust Fund. concert promoters, sporting organisations, construction and athletes fit-out consultants and the builder BGC. A deliberate focus on • Capable of running sprint events on front or back straight The venue design has resulted in a facility built for athletes WA Basketball Centre including additional revenue generating facilities to the initial whilst respecting the history of Perry Lakes and the Indigenous design of Perth Arena has been made. • Nine lane 400 metre Mondo athletics track land on which it sits. The design is compliant with elite training VenuesWest has ownership and will take on operational • Two 12 lane 110 metre sprint straights (front and back) and competition standards and will bring increased events A risk management analysis on the management of Perth Arena management of the new WA Basketball Centre that is due • 19 sports rooms including: to Perth. It has been orientated to increase the likelihood of was conducted and involved other agencies and consultants for completion in October 2009. This is also located on AK record breaking performances. on risk management planning for the construction, fit-out and • Drug testing facilities Reserve and will consist of an eight court facility. The facility commissioning of the new facility. • Officials rooms Since its opening schools and major users have commenced will replace the aging facilities at nearby Perry Lakes and utilising the facility and provided positive feedback for the • VIP area will contain a 2,000 seat show court which will complement ongoing management and development of the venue. the existing facilities at Challenge Stadium and be capable of • Photo finish room hosting netball. The potential for the venue to host a variety of events is also • Administration offices being pursued and it is expected that events such as soccer, The construction of the venue incorporates underground • Event areas rugby, concerts, market fairs and trade shows will add to track parking and will ensure the retention of as much of the existing • Presentation stores and field events. flora as possible, without compromising movement, safety • Three function rooms or sporting requirements. Office space for local clubs and • Athletics WA offices Basketball WA are also part of this facility.

ANNUAL REPORT 2008/09 32 33 ANNUAL REPORT 2008/09 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

Finance Overview 2008-09 Event Directory

The 2008-09 financial performance of VenuesWest was positive despite the operational loss of $581,761. The Cash flow Statement largely reflects this situation with 2008-09 recording a significant and positive net increase in the cash position of $2.4m compared to the previous financial year. JulY One of the key drivers to this improved financial performance was a concerted management wide effort to focus on and reduce September bottom line costs where possible. In addition, an Activity Based Costing exercise undertaken at VenuesWest has helped to focus on 1-4 Country Week Volleyball Challenge reducing unprofitable services being offered by the agency, whilst also helping to direct efforts on enhancing profitable services. 5 Smarter than smoking premier and state Arena 3-4 School Girls Ball Challenge The 2008-09 profit and loss statement was significantly impacted by three key expenses which in turn impacted upon the bottom line league netball 6 UWA Economics Ball Challenge result. 5 West Perth v Subiaco Arena 6-7 Swimming WA Short Course Age Challenge 6 Smarter than smoking premier and state Arena Championships The first key expense was depreciation. 2008-09 saw the increased depreciable value of VenuesWest’s various buildings fully impact league netball 13 TSA Ball Challenge upon the profit and loss statement. Depreciation on buildings in 2008-09 was $3,734,200 an increase over the previous year of $336,927. 7 Netball WA Tasman Cup Challenge 13-14 Swimming WA Long Course Challenge In future years this is expected to increase further with new buildings coming on stream (Athletics, Basketball and Rugby Stadium and 10-13 Swimming WA Short Course Challenge 19 Notre Dame Ball Challenge the Perth Arena) coupled with the increased ageing and replacement cost of a number of VenuesWest’s current buildings. Championships 20 CEC Ball Challenge The second key expense was the change in VenuesWest asset capitalisation threshold. In line with whole of government policy, in 11 On-point Promotions Challenge 21 Stadium Snappers Swim Meet Challenge 2008-09 VenuesWest changed the threshold at which it recognises an item as being an asset, from $1,000 to $5,000. This has had the 12 Smarter than smoking premier and state Arena 21 Wildcats Challenge league netball effect of reducing our overall depreciation expense on our non building assets in 2008-09 to $591,208 a reduction from the previous 26 New Experience Rock Tribute Concert Arena 13 Smarter than smoking premier and state Arena year of $185,486. 26 Wildcats Challenge league netball 27-28 WA Dive Challenge Challenge 15 Netball WA Challenge Commensurately however, approximately $300,000 of items were expensed in 2008-09 which would have previously been capitalised 28 Swim Meet Challenge as assets. This adversely impacted upon VenuesWest’s bottom line result. 16 Netball WA Challenge 29-30 National Water Polo Championships Challenge 19 West Perth v Peel Thunder Arena The net impact of the capitalisation change in 2008-09 ($645,637) has been reflected in the Statement of Changes in Equity, under the 10-20 Golden West Antique and Collectors Fair Arena Retained Earnings section of that statement. 22 Netball WA Challenge October The last key expense to impact upon VenuesWest’s bottom line result was an increase in the employee benefits expense balance. 23 Netball WA Challenge A significant portion of the increase in this balance ($550,000) reflects a growth in the VenuesWest’s annual and long service leave 25 New Experience Rock Tribute Concert Arena 1 Wildcats Challenge liability balances. Management is aware of this growth and actively pursuing strategies to reduce the liability whilst maintaining the 26 Joondalup Giants Arena 1-5 National Water Polo Championships Challenge operational capability of the agency. 27 Netball WA Challenge 3 Breckler Medal Arena 3-6 Newspower Expo Challenge Whilst revenue remained steady despite the current economic climate, VenuesWest received an additional funding boost from 4-5 Western Power Academy Cup & Cadet Arena Government in 2008-09 of $1,384,000 in comparison to the previous year. This additional funding was largely to rectify a prior Cup year working capital deficit and for costs associated with the management and operation of the Athletics Stadium and Perth Arena AugUST 10 Wheelchair Sports Challenge project. 11 Fremantle Port Swim Meet Challenge VenuesWest’s Balance Sheet remains strong with overall Net Assets increasing by $52,100,846 in 2008-09. The most significant 1 Dinner – Awards Ball Challenge 11 ECU Sports Science Ball Challenge contributors to this growth was ownership recognition by VenuesWest of the new Athletics Stadium and rises in the depreciated 2 West Perth v Perth Arena 12 Region 3 Long Course Swim Meet Challenge replacement cost of VenuesWest’s various land and building assets. 2-3 Swimming WA Short Course Challenge 13 Aussie Pipeline Dinner Challenge 3 Netball Finals Challenge 17 WAIS Annual Dinner Challenge In 2008-09 the overall asset base increased by $48,744,305 to $202,689,158. $31,160,000 of this increase related to transfer by 8-9 RAC Ball Challenge 17 Fast Friday # 1 – Sportsman Speedway & Motorplex Government of ownership of the Athletics Stadium to VenuesWest in 2008-09. The remainder of the increase relates to rises in the 8-10 National Karate Tournament Arena Drag Racing depreciated replacement cost of VenuesWest’s various land and building assets. Independent valuations are obtained each year from 9 West Perth v Swan Districts Arena 18 Hale School Ball Challenge the Western Australian Land Information Authority and increases or decreases in the property, plant and equipment balances are 10 Netball WA Challenge 18 City of Perth Classic Swim Meet Challenge reflected in those balances and the Statement of Equity Asset Revaluation Reserve balance. 10 Cerebral Palsy Awareness Week - Charity Arena 18 Burnout Masters Motorplex Football Match 23 Churchlands Graduation Challenge 13 Paul Weller Challenge 25 Super Speedway – Grand Opening & Motorplex 16-17 WA Disabled Sports Championships Challenge Demo Derby 20 Timbaland Challenge 25 -26 Swimming WA Long Course Challenge 23 PMH Foundation – Boardroom Blitz Challenge 26 Dancesport Challenge 23-24 Masters WA State Championships Challenge 26 Pink Triathlon Challenge 27 Panic at the Disco Challenge 30 WANADA Dinner Challenge 30 Youth Alive Concert Challenge 30 West Perth v East Fremantle Arena 30-31 Swimming WA Short Course Age Championships

ANNUAL REPORT 2008/09 34 35 ANNUAL REPORT 2008/09 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

June November February April 1 ANZ Netball Championships Challenge 1 Heart Foundation Swim Challenge 5-7 Super Speedway - Aust. Sprintcar Motorplex 3 Duncraig SHS Ball Challenge 1 West Perth vs East Perth WAFL Arena 3 Melbourne Cup Luncheon Arena Championships 2 Netball WA – Premier League Challenge 6 Prendiville College Swim Meet Challenge 6 WATC Summer Track Series SpeedDome 4 Mindarie SHS Ball Challenge 3 Netball WA – State League Challenge 8 Wildcats vs Townsville Crocs Challenge 6 & 7 Swimming WA Club Championships Challenge 4 National Drag Racing - WA Grand Final Motorplex 6 West Perth vs Subiaco WAFL Arena 8 – 9 Swimming WA Long Course Qual Meet Challenge 7 Wildcats Vs Sydney Spirit Challenge & US Jets 8 ANZ Netball Championships Challenge 13 West Coast Song Festival Arena 13 WATC Summer Track Series SpeedDome 10 Good Friday Burnout King Motorplex 9 Netball WA – Premier League Challenge 15-16 Golden West Antique Fair/ Seniors Arena 13 MLC Ball Challenge 11 Super Speedway - WA Grand Final & Motorplex 10 Netball WA – State League Challenge Games 13 - Swimming WA Swim Sensations Challenge Fireworks 12 WATC Winter Series – Round 4 SpeedDome 15 Wildcats vs Cairns Tiapans Challenge 15 17 WATC Winter Series – Round 1 SpeedDome 13 Joondalup Giants Home Game WARL Arena 16 West Coast Dorsogna Cup Swim Meet Challenge 14 Valentine’s Day Ball Arena 19 Hi Tech # 2 Motorplex 16 Netball WA – Premier League Challenge 21 RLSS Lifeguard Challenge Challenge 14 Wildcats Vs Melbourne Tigers Challenge 17 Netball WA – State League Challenge 22 – 23 Swimming WA Long Course Swim Meet Challenge 15 Fall Out Boy Challenge 20 ANZ Netball Championships Challenge 20 Netball WA – State League Arena 29 Ajilon Annual Dinner Challenge 20 St Mary’s Ball Challenge 24 WATC Winter Series (penciled) SpeedDome 20 WATC Summer Track Series SpeedDome 21 Netball WA – State League Arena 29 – 30 Swimming WA Long Course Swim Meet Challenge 25 Holden V’s Ford Day Motorplex 20-21 Super Speedway - King of the Wings Motorplex 24 Ross Noble Comedian Challenge 21 PLC Ball Challenge 26 Danny Green vs Anthony Van Niekerk Challenge 27 Joondalup Giants Home Game WARL Arena December 22 Northern Suburbs Healing Festival Arena 27 Netball WA – State League Arena 22 Swimming WA School & Colleges Relay Challenge MAY 28 Netball WA – State League Arena 2 Perth College Interhouse Swim Meet Challenge 22 Northern Suburbs Healing Festival Arena 28 WATC Winter Series - Round 5 SpeedDome – Cyclo Sportif GP 4 WA Water Polo Interschool Challenge Challenge 25 Peter Cetera Challenge 1 West Perth vs Swan District WAFL Arena 28 ANZ Netball Championships Challenge 4 Bikers Charity Ride Arena 27 St Hilda’s Ball Challenge 2 West Perth vs Swan District WAFL Arena 29 Country Week Volleyball Challenge 28 National Drag racing - 38th Western Motorplex 2 Netball WA – State League Arens 5 PLC Rehearsal Day Challenge nationals 30 Country Week Volleyball Challenge 6 PLC Speech Night Challenge 28 Aqua Attack Swim meet Short Course Challenge 3 Netball WA – State League Arena 12 Freehills Dinner Challenge 28 The Veronicas Challenge 4 ANZ Netball Championships Challenge 13 Wildcats vs Adelaide 36ers Challenge 4 National Drag Racing – WA Grand Final & Motorplex 20 Wildcats vs NZ Breakers Challenge US Jets 17 – 22 Swimming WA State Championships Challenge March 5 Netball WA – Premier League Challenge 6 Netball WA – State League Challenge 27 Wildcats vs Townsville Crocs Challenge 1 The Veronicas Challenge 8 WATC Winter Series – Round 2 SpeedDome 1 National Drag racing - 38th Western Motorplex 9 The Presets Concert Challenge January nationals 11 Super Speedway – WA Grand Final & Motorplex 6 WATC Summer Track Series SpeedDome Fireworks 7 & 8 Swimming WA Distance Meet Challenge 12 Netball WA – Premier League Challenge 9 Wildcats vs Cairns Taipans Challenge 8 Rock It Arena 13 Netball WA – State League Challenge 10 – 11 Swimming WA Country Challenge 10 Netball WA Pre Season Challenge 16 West Perth vs Claremont WAFL Arena Championships 11 Netball WA Pre Season Challenge 17 ANZ Netball Championships Challenge 16-18 Blues Clues Arena 14 Xtreme Fighting Championships Challenge 19 Netball WA – Premier League Challenge 17 Wildcats vs Sydney Swifts Challenge 14 Super Speedway - Aust. Late Model Motorplex 20 Netball WA – State League Challenge 24 Wildcats vs Gold Coast Blaze Challenge Nationals 22 The Living End Concert Challenge 14 WATC Summer Track Series SpeedDome 14 Western Spirit Swim Club Meet Challenge 23 Ernst & Young Ball Challenge 17 Netball WA Pre Season Challenge 21 National Drag Racing - Nitro Funny Motorplex 24 WATC Winter Series – Round 3 SpeedDome Cars 26 Launch WA Athletics Stadium WA 21 WPFC & EPFC Seasons Opener Arena Athletics 24 Netball WA Pre Season Challenge Stadium 27-29 Gideon’s Conference Arena 26 Netball WA – Premier League Challenge 28 Super Speedway - Figure 8 Demo Motorplex 31 North Beach vs Joondalup Giants WARL Arena Derby 28 West Perth vs South Fremantle Arena 28 & 29 Swimming WA Junior Champs Challenge

ANNUAL REPORT 2008/09 36 37 ANNUAL REPORT 2008/09 ANNUAL REPORT 2008/09 39

Significant issues impacting the agency Auditor General In 2008-09 VenuesWest commenced operational planning for the Perth Arena prior to its opening. The State Government has provided $483 million for the Perth Arena project, which will have a capacity of 15,500 people (14,500 seated capacity). Construction of the Arena is expected to be completed in 2011. The stakeholders consulted are eager to support the new venue, which is expected to INDEPENDENT AUDIT OPINION service the needs of both event organisers and the people of Western Australia for decades to come. To ensure the effective management of the Perth Arena project through the transition from delivery to commissioning and operation, To the Parliament of Western Australia VenuesWest has assumed client agency status, budget responsibility and overall project completion and governance responsibility for this facility. WESTERN AUSTRALIAN SPORTS CENTRE TRUST Sports stadia have become identifiable gathering places for the community as well as symbols of contemporary culture. Major FINANCIAL STATEMENTS AND KEY PERFORMANCE INDICATORS sporting stadiums provide the opportunity for governments to showcase government policy regarding sustainability and sensitive FOR THE YEAR ENDED 30 JUNE 2009 environmental developments. The significant investment in major sporting and entertainment facilities is coming to fruition. VenuesWest is experiencing a significant period of growth and the completion of the WA Athletics Stadium and imminent completion I have audited the accounts, financial statements, controls and key performance indicators of the of the WA Basketball Centre adjacent to Challenge Stadium has presented an opportunity of integrated management practices in the Western Australian Sports Centre Trust. precinct to be adopted. There are ongoing community demands for improved sports facilities at all levels. Sport and recreation infrastructure is aging, The financial statements comprise the Balance Sheet as at 30 June 2009, and the Income resulting in an increasing need for refurbishment or replacement over the coming years. Additionally, the historical escalation in Statement, Statement of Changes in Equity and Cash Flow Statement for the year then ended, a construction costs state wide has implications for new facility provision and maintenance. summary of significant accounting policies and other explanatory Notes.

Competition for the right to host national and international events remains strong. National and international federations have very The key performance indicators consist of key indicators of effectiveness and efficiency. detailed technical specifications regarding the size, layout and requirements of their particular sport’s venue and sites, including training and warm-up areas. An analysis of venue compliance for targeted sports will be undertaken in 2009-2010. Board’s Responsibility for the Financial Statements and Key Performance Indicators VenuesWest must ensure that state owned sporting, recreation and entertainment venues are utilised to the best of their capacity The Board is responsible for keeping proper accounts, and the preparation and fair presentation whilst ensuring appropriate balance across its business mix of elite, community and commercial clients. The decline in consumer of the financial statements in accordance with Australian Accounting Standards (including the confidence and spending as a result of the global economic downturn did have an adverse impact on the operations of VenuesWest Australian Accounting Interpretations) and the Treasurer’s Instructions, and the key as the majority of its products and services fall in the category of discretionary expenditure. The relative weakness of the Australian performance indicators. This responsibility includes establishing and maintaining internal dollar in 2008/2009 also negatively impacted on the number of international musical acts touring. controls relevant to the preparation and fair presentation of the financial statements and key The entertainment industry tends to be cyclic and is very much affected by political and economic influences, both nationally and performance indicators that are free from material misstatement, whether due to fraud or error; internationally. The current slowing down of the domestic economy is expected to have a negative effect on the planning of large and selecting and applying appropriate accounting policies; making accounting estimates that are expensive international concerts that require large logistical support. reasonable in the circumstances; and complying with the Financial Management Act 2006 and other relevant written law.

Summary of my Role As required by the Auditor General Act 2006, my responsibility is to express an opinion on the financial statements, controls and key performance indicators based on my audit. This was done by testing selected samples of the audit evidence. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion. Further information on my audit approach is provided in my audit practice statement. Refer www.audit.wa.gov.au/pubs/AuditPracStatement_Feb09.pdf.

An audit does not guarantee that every amount and disclosure in the financial statements and key performance indicators is error free. The term “reasonable assurance” recognises that an audit does not examine all evidence and every transaction. However, my audit procedures should identify errors or omissions significant enough to adversely affect the decisions of users of the financial statements and key performance indicators.

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4th Floor Dumas House 2 Havelock Street West Perth 6005 Western Australia Tel: 08 9222 7500 Fax: 08 9322 5664

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Western Australian Sports Centre Trust Key performance indicators Financial Statements and Key Performance Indicators for the year ended 30 June 2009

KEY PERFORMANCE INDICATORS Basis for Qualified Audit Opinion Reconciliations between the general ledger and the asset register were not prepared during the WA Sports Centre Trust reporting period. In addition, monthly bank reconciliations for Arena Joondalup were not Certification of Performance Indicators prepared for the period October 2008 to June 2009. For the Year Ended 30 June 2009

Subsequent to year end and as a result of the audit process, a reconciliation between the general We hereby certify that the performance indicators are based on proper records, are relevant and appropriate for assisting users to assess the Western Australian Sports Centre Trusts (trading as VenuesWest) performance and ledger and the asset register at 30 June 2009 was achieved. In addition, monthly reconciliations fairly represents the perfomiance of the Western Australian Sports Centre Trust for the financial year ended 30 of the bank account for Arena Joondalup were prepared and a reconciliation at 30 June 2009 June 2009. was achieved.

The Trust has indicated that it will take action to rectify the control deficiencies identified above.

Qualified Audit Opinion In my opinion, Graham Partridge Graham Goerke (i) except for the effects of the matters referred to in the preceding paragraphs, the Chairman Board Member 15 September 2009 controls exercised by the Western Australian Sports Centre Trust provide reasonable 15 September 2009 assurance that the receipt, expenditure and investment of money, the acquisition and disposal of property, and the incurring of liabilities have been in accordance with legislative provisions; (ii) the financial statements are based on proper accounts and present fairly the financial position of the Trust at 30 June 2009 and its financial performance and cash flows for the year ended on that date. They are in accordance with Australian Accounting David Etherton Chief Executive Officer Standards (including the Australian Accounting Interpretations) and the Treasurer’s 15 September 2009 Instructions; and (iii) the key performance indicators of the Trust are relevant and appropriate to help users assess the Trust’s performance and fairly represent the indicated performance for the year ended 30 June 2009.

COLIN MURPHY AUDITOR GENERAL 21 September 2009

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Page 2 of 2 Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre Arena Joondalup Challenge Stadium Perth Arena Perth Motorplex Speeddome WA Athletics Stadium WA Basketball Centre

Key Performance Indicator Information KEY EFFICIENCY INDICATORS

Indicator 2.2 Customer Service Survey – Arena Desired Outcome 1: Provision of facilities for elite sport Efficiency and Effectiveness Indicators Outcome 2: Provision of facilities for community sport, Joondalup training and competition. Outcome 1: Provision of facilities for elite sports training and entertainment and recreation. Service 1 Management of elite sport facilities competition Service 2. Management of community sport, Indicator 1. Cost of providing elite training and Service 1. Management of elite sport facilities entertainment and recreational facilities competition VenuesWest provides facilities and services for Customer Satisfaction Customer Satisfaction Cutmer S.trton - Arcii. Joond&up WAIS elite training programmes at Challenge This indicator provides a measure of how the outcome of This indicator provides a measure of how the outcome of Stadium, Arena Joondalup and SpeedDome, the provision of facilities for elite sports training and competition provision of facilities for community sport, entertainment cost of providing these facilities is a measure of efficiency of achieving this outcome. has been achieved by providing customer satisfaction. and recreation has been achieved by providing customer satisfaction. Indicator 1.1 Customer Service Survey – Elite Sport Indicator 2.1 Customer Service Survey Facilities – Challenge Stadium L p_ I !.! 1 11 Cutomt 5atbfc1ion - Elite sport FacIfttls Customer aticfaction - thaflenge Stadium I Source: Customer Service Survey conducted by Centre

for Environmental Management , based with the I University of South Australia in May 2009. The CERM Performance Indicator Research Project focuses on benchmarking for sports and leisure services and facilities with approximately 165 ma- flea eak. nor K ama I-O4 o1ai x organisations Australia-wide participating. .__ ra.I& Derivation: The survey measured overall satisfaction with .- bps services and facilities at Arena Joondalup. Customers were asked to rate the quality of services and facilities on a scale of 1 (very poor) to 7 (very good). Source: CLASS Management System and Financial 479 responses were completed and received. This is Statements. above the CERM recommended sample size of 200 Source: Customer Service Survey conducted by Centre – 300 respondents. The standard error rate for the Derivation: The average cost of providing elite training and Source: Customer Service Survey conducted by Centre for Environmental Management, based with the survey is +/- 5%, with a confidence interval of 95%. competition facilities per hour is calculated for Environmental Management , based with the University of South Australia in May 2009. The by dividing the total cost of elite training and University of South Australia in May 2009. The CERM Performance Indicator Research Project Comment: VenuesWest continues to manage its resources competition facility provision by the total number CERM Performance Indicator Research Project focuses on benchmarking for sports and leisure effectively to deliver sport, recreation and of elite training and competition hours delivered. services and facilities with approximately 165 entertainment facilities effectively. The survey focuses on benchmarking for sports and leisure Comment: The average cost per hour of elite training and services and facilities with approximately 165 organisations Australia-wide participating. result for 2008-09 shows a customer satisfaction level of 87.1% compared to a target of 84%. competition for 2008-09 is $277.05 compared organisations Australia-wide participating. Derivation: The survey measured overall satisfaction with with a target established last year of $340.00. This Customer satisfaction at Arena Joondalup has Derivation: The survey measured overall satisfaction with facilities at Challenge Stadium. Customers were decrease in cost per hour can be directly attributed been consistently high for a number of years, facilities at Arena Joondalup, Challenge Stadium asked to rate the quality of services and facilities to the following factors: however the ability to sustain this performance and the SpeedDome. Elite Sport Customers were on a scale of 1 (very poor) to 7 (very good). 2101 hours more competition and training hours level was seen as unlikely whilst also pursuing asked to rate the quality of services and facilities 352 individual responses were completed and utilized at Challenge Stadium improved efficiencies and profitability levels and on a scale of 1 (very poor) to 7 (very good). 125 received. This is above the recommended sample hence the 2008-09 target was adjusted downwards 6975.9 hours more competition and training hours survey responses were completed and received. size by the CERM Benchmarking project of 200 – slightly. The 2008-09 figures however show that provided at Arena Joondalup The standard error rate for the survey is +/-5%, 300 respondents. The standard error rate for the customer satisfaction levels were 3.1% higher 72.7 hours more competition and training hours with a confidence interval of 95%. survey is +/-5%, with a confidence interval of provided at SpeedDome 95%. than that experienced in the previous year and all Comment: VenuesWest continues to manage its resources expectations. Higher depreciation charges in 2008-09 than effectively to deliver elite sport facilities. The Comment: VenuesWest continues to manage its resources expected across VenuesWest’s facilities effectively to deliver sport, recreation and survey result for 2008-09 was positive with a Efficiencies related to supplies and services entertainment facilities effectively. The survey customer satisfaction result of 81.42% compared implemented during the course of the year. to a customer satisfaction target level of 81% result for 2008-09 was positive with an overall Significant work with WAIS has seen the expansion which was the level established in the previous customer satisfaction result of 84.2% which was of it’s elite program and is delivering increased year. 2.2% above the customer satisfaction target level of 82% which was the level established in the utilization of venues in particular the aquatic previous year. facilities at Arena Joondalup.

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The second VenuesWest Frontline Management certificate Desired Outcome 2: Provision of facilities for community Indicator 2 Average cost per patron visit programme was completed successfully in May 2009 with 13 sport, entertainment and recreation. – Arena Joondalup of the 15 enrolled employees graduating from the nationally Service 2: Management of community sport, This indicator provides a measure of how the service of recognised programme on completion of a number of units in entertainment and recreational facilities management and maintenance of the facilities achieves the management skills such as occupational safety and health and Indicator 1. Average cost per patron visit desired outcomes by measuring the cost of providing the staff development. A series of Change Management workshops – Challenge Stadium facilities and services to the community of Western Australia. were coordinated with all permanent employees and managers This indicator provides a measure of how the service of in preparation for the challenges ahead as employees adapt to management and maintenance of the facilities achieves the Average Cost pei Patronp VIk - Arena loon Uaup the new organisational structure. desired outcomes by measuring the cost of providing the Following are the key figures for training in VenuesWest: facilities and services to the community of Western Australia. ,mI Employment and 2008-2009 2007-2008 Industrial Relations Total hours of training provided 3762 2742 kecae Ciist pv Patron V11t- thMknge Stum to staff JIQ - I Average hours per permanent 28.45 21.77 Staff Profile FTE I VenuesWest engaged an average of 207.7 FTE across the Total training costs (excl. travel) 103154 79199 year to June 30 2009. However in order to staff the range of events undertaken across the year, the organisation engaged a Average training investment per 202 250 permanent FTE Source: CLASS Management System and Financial headcount of between 414 and 527 staff members per month. 'it Statements. Number of staff receiving study 2 2 Derivation: The average cost of providing venue services Classification FTE Males Females assistance and facilities to the West Australian community Level (%) (%) VenuesWest received and processed 498 applications for its per hour is calculated by dividing the total cost of Level 9 & Above 1 100 0 community service and facility provision by the 45 vacancies. On average 11 applications were received for Level 8 2 100 0 each vacancy. The turnaround time to fill each vacancy was Source: CLASS Management System and Financial total number of community hours delivered. Statements. Comment: The average cost per patron visit to Arena Level 7 5 80 20 approximately 28 days. Joondalup in 2008-09 was $6.20 compared to a Level 6 7.18 56 44 Derivation: The average cost of providing venue services target of $6.10. Industrial Framework and facilities to the West Australian community VenuesWest aims to achieve or better previous Level 5 7.9 71 29 per hour is calculated by dividing the total cost of year’s results in relation to its efficiency indicators VenuesWest operates under two separate industrial community service and facility provision by the Level 4 11.75 51 49 and while the figures for 2008-09 indicate a result agreements. The Government Officers’ Salaries, Allowances total number of community hours delivered. Level 3 18.57 41 59 slightly above the established target figure, it and Conditions Award 1989 and Government Officers’ Salaries, Comment: The average cost per patron visit to Challenge should also be noted that the actual depreciation Level 2 27.46 14 86 Allowances and Conditions General Agreement 2008 covers Stadium in 2008-09 was $8.04 compared to a target for the Arena Joondalup venue was significantly approximately 55% of VenuesWest’s permanent employees of $8.00. Level 1 32.17 46 54 higher than expected. and 5% of VenuesWest’s casual employees. The General TOTAL 113.03 43 57 VenuesWest aims to achieve or better previous Despite the minor variance to target, the 2008-09 Agreement provided a salary increase of 4% in February 2009, year’s results in relation to its efficiency indicators performance is a terrific result and is reflective Notes: and a further 4% in February 2010. and in 2008-09 the target for cost per patron was of improved cost management and significantly increased to take into account known increases in increased venue utilization. Total patronage figures Excludes: casuals, employees seconded-out, employees on The WA Sports Centre Trust General Agreement 2007 is depreciation at Challenge Stadium. for Arena Joondalup were 958,039 representing an parental leave and leave without pay, Indigenous cadets and negotiated and agreed between VenuesWest, The Media increase of 131,049 over patronage recorded in The actual Challenge Stadium venue depreciation trainees, and seconded-in personnel not paid by VenuesWest. Entertainment and Arts Alliance of Western Australia 2007-08. calculation was higher again than expected and the Liquor, Hospitality and Miscellaneous Workers’ however VenuesWest’s performance was very Comment against Key Performance Indicator Includes: seconded-in personnel paid by VenuesWest. Union, Western Australia Branch. This agreement covers close to the established target due to improved Reporting cost management and relatively stable customer VenuesWest completed a major Activity Based Staff Development and Recruitment approximately 45% of VenuesWest’s permanent employees numbers. Total patronage figures were relatively Costing Project in 2008, the results of which are and 95% of VenuesWest’s casual employees. The agreement stable over the same time period with 958,232 in improving the clear identification of community VenuesWest continued to provide opportunities for employees provided a wage increase of 4% on 1 January 2009. This 2008-09 as compared to 959,196 in 2007-08. service obligations and benefits delivered by to participate in training and development activities agreement expires on 31 December 2009 and work is VenuesWest. This information will have further including: underway to develop a new agreement between the parties impact on the methodologies relating to the current • A combination of vocational education training programmes to take its place at the earliest opportunity. set of key performance indicators in future years At the time of publishing these results, VenuesWest • Training to meet essential qualification requirements Staffing Policies (including Recruitment) has recently launched it’s new strategic directions • Skills training related to employee positions, attendance and consequently has also reviewed it’s Key at industry related conferences to aid in professional VenuesWest’s focus this year has been to contribute to Performance Indicators. A submission to the development the effective achievement of organisational outcomes and Output Structure Review Group (OSRG) will be maximisation of investment in people. An extensive process • Training to enhance the quality of employment made with the expectation to establish a new has also been undertaken with the management team to reporting framework for VenuesWest in 2010-11 establish a new organisation structure to partner and assist the and therefore this is the last year that VenuesWest will report on this particular suite of indicators. organisation to achieve its strategic objectives.

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VenuesWest, as part of their recruitment strategy this year, have Disability Access and Inclusion continued to explore flexible work arrangements and promote work-life balance. The first job-share role at management Plan Outcomes level was supported with the appointment of the HR Manager position on a job-share basis. A second job share position was Compliance with Public Sector Standards and Ethical Codes created in Marketing. (Disability Services Act 1993, S29) In accordance with section 31(1) of the Public Sector Management Act 1994, VenuesWest is required to comment on the extent to which public sector standards, codes of ethics and any relevant code of conduct have been complied with. Strong and Healthy Organisation remained a key goal with VenuesWest prides itself on ensuring that all of its services all employees having access to free gym membership and access to its venues are available to all members of the Compliance issues Significant action taken to monitor and ensure compliance together with the introduction for many of fitness classes community including people with disabilities. VenuesWest has during lunch breaks. put the following initiatives in place to make its venues more Public Sector Standards • VenuesWest received no claims of breaches of Human Resource Standards during the 2008- accessible to people with disabilities: 09 financial year. An Informal Recognition Program will be implemented as an • A Human Resources representative participates in all permanent recruitment processes for action from the past 2007 Best Employer Survey results. An • Electrical mobile hoist has been installed to move people VenuesWest and coordinates each of the processes to ensure compliance with the Public allocation per FTE distributed to all business unit coordinators with disabilities from their wheelchairs into the indoor Sector Standards. All processes undertaken for positions - level 3 (GOSAC) and above for implementing within their departments to ensure pools at Challenge Stadium (or equivalent under WASCT General Agreement) are reviewed by the CEO prior to an employees at all levels, both permanent and casual employees • A mechanical hoist is available to lift disabled swimmers appointment being made. All other appointments are reviewed by the Human Resources receive appropriate recognition for their contributions. into the outdoor pool at Challenge Stadium Manager prior to appointment. • The Super Fins Athlete Club, a club for people with Insurance Premiums paid to indemnify members • Information regarding the Public Sector Standards in Recruitment is available on disabilities, is given priority to reserve the edge lanes VenuesWest’s website of the Board when they visit Challenge Stadium to ensure they have easy access to the pools • A HR Delegation of Authority Schedule was introduced in 2007-08 clarifying delegations VenuesWest takes out Directors and Officers Liability responsibilities of all employees. This was updated in May 2008. Insurance, covering members of the VenuesWest Board and • VenuesWest supports the Companion Card Program WA Code of Ethics • Code of Ethics is included and promoted in induction materials for all permanent, fixed senior management. The limit of liability is $10m. initiative at all its venues which permits free access to the facilities for carers term and casual employees and is accessible from VenuesWest’s extranet site. Other Legal Requirements • A set of steps have been installed in the water polo pool • Compliance with the Code of Ethics is monitored through staff feedback during exit Advertising and Sponsorship: at Challenge Stadium to assist disabled patrons to exit the interviews. pool • Information regarding the WA Code of Ethics is promoted on VenuesWest’s website. (Electoral Act 1907, S175ZE) • Hand rails that are lower to the ground making it easier for • VenuesWest plans to make training in Accountable and Ethical Decision Making available In accordance with section 175ZE of the Electoral Act 1907, people with disabilities to exit the pool have been ordered to all staff in 2009-2010 VenuesWest incurred the following expenditure in advertising, for the indoor pool at Challenge Stadium. Agency Code of Conduct • No formal grievance resolution processes were undertaken in 2008-09. market research, polling, direct mail and media advertising: • A hoist for the disabled change room at Challenge Stadium • VenuesWest’s code of conduct is contained within VenuesWest’s Employee Conduct Policy 1. Total expenditure for 2008 – 2009 was $53,851 is being assessed which will assist people in wheelchairs and is part of all employees’ induction materials. 2. Expenditure was incurred in the following areas: in the change rooms • Two foldaway benches are on order which are the same Recordkeeping Plans EXPENDITURE ADVERTISING height as a wheelchair seat to assist wheelchair bound (State Records Act 2000 and State Records Commission Standard 2, Principle 6) patrons at the Challenge Stadium pools VenuesWest’s Record Keeping Plan details the record keeping program for the agency including which records are to be created and (as at 30th June 2008) • VenuesWest coordinates the Life Program specifically AGENCIES how those records are to be kept. Measures to ensure compliance with the State Records Commission - Standard 2 Record Keeping aimed at maintaining fitness for people with disabilities Plans: Principle 6 include: COMPANY AMOUNT • Updating record keeping systems as necessary and evaluating their efficiency and effectiveness not less than once every five (exc gst) years. VenuesWest’s Record Keeping Plan is scheduled for a full review in the next 18 months with the completion of the new Marketforce Productions $11 organisational structure. • Providing information sessions on record keeping for existing and new staff. One-on-one information sessions were undertaken Sensis $ 8,696 with relevant employees. EXPENDITURE MEDIA ADVERTISING AGENCIES • Conducting an annual review of the record keeping training program to ensure efficiency and effectiveness. Media Decisions (Challenge Stadium) $ 29,721 • A review of the current induction process is underway and the improved process will address staff roles and responsibilities to ensure compliance with the Record Keeping Plan. Media Decisions (Joondalup) $ 5,661 MARKET RESEARCH Ministerial Directives University of South Australia $ 9,762 No ministerial directives relevant to the desired outcomes or operational objectives, investment or financing activities were received. DIRECT MAIL AGENCIES n/a TOTAL $ 45,155

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Corruption Prevention place to manage and rehabilitate such employees to Item 4 Statement confirming that a self evaluation Percentage of managers trained in OSH responsibilities (past enable them to remain at work, or return to work at the (annual) or external accredited assessment 3 years). (Premier’s Circular 2005/02: Corruption Prevention) earliest appropriate time. (within previous 3 years) of OSH safety This includes managers and coordinators but does not include VenuesWest recognises that the prevention of corruption and This commitment is stated in VenuesWest’s and health management systems has been those employees at supervisory level. fraud is an integral part of good governance and management. Occupational Safety and Health Policy and Injury completed with a summary of findings. Management Policy, both of which are available on VenuesWest is committed to developing and maintaining An annual audit of VenuesWest’s safety management OSH components of Certificate IV in Frontline Management the organisation’s intranet as is the VenuesWest safety appropriate capacity, policies and procedures and an system was conducted internally in November 2008 management system (SMS). against the elements in the WorkSafe Plan. Results of the • Monitor a Safe Workplace (BSBFMN411A) organisational culture that is supportive of, and consistent with, VenuesWest policies and procedures are covered with audit were presented to the VenuesWest Management • In house training course for Management Team public sector code of conduct, relevant legislation and agency all employees during the induction process as well as Team and used in development of the Occupational • Hazard identification and risk management operating principles. instruction on how to access these documents on the Safety and Health Plan. intranet. Personnel receive training with regard to their • Duty of care obligations In 2008-09, VenuesWest instigated the following: duties and responsibilities for occupational safety, Executive Summary of Audit Results Item 6 - Optional requirements • Made available to all staff, via the agency intranet, the health and injury management. Results from the audit indicate a “satisfactory” level of process to be followed when making a public interest The strategic goals and targets for 2008-09 for performance across the elements of management commitment New initiatives for the year: disclosure in accordance with the Public Interest Disclosure occupational safety, health and injury management are (64%), planning (62%), hazard management (61%) and training • Designated OSH Coordinator employed in November 2008 Act 2003. detailed in item 5 below. (66%), while consultation (54%) was “inadequate”. • Flu vaccinations for staff in April 2009 • Provided each employee with a copy of the new Strategic Item 2 Description of the formal mechanism for Although individual areas within the organisation would have Plan which covers the agency’s operating principles. consultation with employees on OSH matters • Electronic hazard database developed and implemented The Occupational Safety and Health Committee, scored higher in some of the indicators in each element, the June 2009 • All business plans developed were required to include a including employee representatives, form the key to WorkSafe Plan requires consistent implementation across all section on the assessment of risk and the proposals for how • Safety Management System consolidated on intranet occupational safety and health consultation within sites and within all areas of the organisation to achieve high system June 2009 the identified risks would be managed. VenuesWest. The committee members’ appointment, scores. location and contact details are communicated to all Percentage of elected Safety and Health representatives Occupational Safety, Health employees as part of the induction process and are Generally, safety documentation satisfies legislative and audit trained: and Injury Management available on VenuesWest’s intranet. requirements. Areas for improvement relate to the systematic • 73% trained between January and June 2009 (8/11). The Occupational Safety and Health Committee meets monitoring and review of work processes and associated (Public Sector Commissioner’s Circular 2009-11: Code of bi-monthly to discuss and resolve occupational safety documentation with greater consultation and communication Another two representatives are booked for training Practice: Occupational Safety and Health in the Western and health issues, review incident and hazard reports, with employees. course in July 2009. Australian Public Sector) review procedures and review progress against the Item 5 Record of performance against the occupational safety and health plan. Minutes from Risk Management Framework VenuesWest implemented an Injury Management Policy in these meetings are available on the intranet and a following targets for 2008-09: VenuesWest recognises the need to effectively manage 2005 in line with the Code of Practice (Injury Management) copy posted on staff safety and health notice boards 2005. This policy meets the requirements of the Workers around the venues. Indicator Target Actual organisational risks. VenuesWest has a Risk Management Policy that outlines the objectives and responsibilities for risk Compensation and Injury Management Act 1981. VenuesWest VenuesWest also has a documented issue resolution Number of fatalities Zero (0) 0 management within the organisation. The policy also identifies continues to support the early rehabilitation of injured workers procedure which is communicated to all employees Lost time injury/disease (LTI/D) potential sources of risk and the steps in the risk management through return to work programmes to allow them to return at induction and is also available on the VenuesWest incidence rate to their pre injury positions as early as possible. VenuesWest intranet. process. (Zero or 10% reduction on previous 2.97 1.93 utilises external rehabilitation providers in developing their Item 3 Statement of compliance with injury Four of VenuesWest’s facilities have a Risk Management Plan management requirements of the Workers’ year) return to work programmes and to ensure employees are that includes a brief introduction, aims and objectives of the Compensation and Injury Management Act Lost time injury severity rate (>60 days) provided with professional and qualified support in managing plan and a copy of the Risk Analysis legend (categorising 1981 their rehabilitation. (Zero or 10% reduction on previous Zero (0) 0 likelihood, consequences/impact and level of risk). Each plan VenuesWest has a documented Injury Management year) documents an action plan for each identified risk. The Audit All employees are provided with a copy of the Injury Policy and Procedure which states its commitment Management policy in their induction materials or when a to compliance with the Workers Compensation and % of workers returned to work within - 100% Finance and Governance Subcommittee takes responsibility for workplace injury occurs. This policy is accessible to employees Injury Management Act 1981. 28weeks (full duties/full hours pre ensuring that risk management has the appropriate protocols on VenuesWest’s intranet. This Policy and Procedure is communicated to all injury) in place to ensure that all elements of risk are managed. employees during the induction process and is made % of managers trained in OSH and > = 50% 74% The following is submitted in accordance with Public Sector available to them by the Human Resources Support injury management responsibilities Commissioner’s Circular 2009/11 (Premier’s Circular Officer should they suffer a work related injury. (see below) 2007/12) The policy and procedure are also available on the Item 1 Statement of agency’s commitment to OSH and VenuesWest intranet. LTI/D Incidence Rate. injury management. It is stated in the VenuesWest Injury Management The rate for 2007-08 was 3.3 which, with a reduction of 10%, VenuesWest is committed to providing workplaces that Policy and Procedure that return to work programs will are free from work related injury and disease through be developed in accordance with the Act. resulted in a target of 2.97 for 2008-09. The actual rate was 1.93 the combined efforts of employees and management, which is a reduction of over 41%. and through its safety management system. However, should an employee suffer a work related injury, illness or disability VenuesWest has a documented process in

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In the financial administration of VenuesWest, we have complied with the requirements of the Financial Management Act 2006 and Notes to the financial statements every other relevant written law, and exercised controls which provide reasonable assurance that the receipt and expenditure of money and the acquisition and disposal of public property and incurring of liabilities have been in accordance with legislative provisions. At the date of signing we are not aware of any circumstances which would render the particulars included in this statement misleading DISCLOSURES AND LEGAL COMPLIANCE FOR THE YEAR ENDED 30 JUNE 2009 or inaccurate.

FINANCIAL STATEMENTS

Certification of Financial Statements Graham Partridge Chairman The accompanying financial statements of the Western Australian Sports Centre Trust (Venueswest) have been prepared in compliance with the provisions of the Financial Management Act 2006 from proper accounts and records to present fairly the financial transactions for the financial year ending 30 June 2009 and the financial position as at 30 June 2009.

At the date of signing, we are not aware of any circumstances which would render any particulars included in the financial statements misleading or inaccurate. David Etherton Chief Executive Officer I Mr Graham Partridge Mr Graham Goerke CHAIRMAN BOARD MEMBER 15 September 2009 15 September 2009 Christopher Johnson Chief Financial Officer

Mr Christopl\er Jol4rson CHIEF FINANCE OFFICER 15 September 2009

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Western Australian Sports Centre Trust trading as Western Australian Sports Centre Trust trading as VenuesWest VenuesWest Balance Sheet As at 30 June 2009 Income Statement For the Year Ended 30 June 2009

2009 2008 2009 2008 $ $ $ $ ASSETS Note INCOME Note Current Assets Revenue Cash and cash equivalents 29 2,932,413 512,668 Sales 7 5,905,458 5,602,966 Inventories 19 335,900 390,018 Provision of services 8 7,611,839 8,357,627 Receivables 20 550,661 654,162 Interest revenue 9 79,469 156,513 Amounts receivable for service 30 1,627,000 1,627,000 Other revenues 10 2,487,638 2,845,467 Other current assets 21 30,895 15,583 Gains Total Current Assets 5,476,869 3,199,431 Gains on disposal of non-current assets 11 - 10,509 Total Income 16,084,404 16,973,082 Non-Current Assets Amounts receivable for service 30 11,754,000 10,625,000 EXPENSES Property, plant and equipment 22 202,689,158 153,944,853 Expenses Total Non-Current Assets 214,443,158 164,569,853 Cost of sales 7 2,632,175 2,362,259 Employee benefits expense 12 12,972,124 12,063,078 Total Assets 219,920,027 167,769,284 Supplies and services 13 4,262,285 4,944,657 Depreciation and amortisation expense 14 4,331,408 4,173,967 LIABILITIES Finance costs 15 50,562 78,387 Current Liabilities Accommodation expenses 16 1,384,182 1,195,126 Payables 24 1,644,359 2,072,061 Other expenses 17 1,064,345 714,108 Borrowings 25 471,439 507,621 Loss on disposal of non current assets 11 34,084 - Provisions 26 1,299,246 910,864 Total expenses 26,731,165 25,531,582 Other current liabilities 27 1,502,470 1,116,215 Total Current Liabilities 4,917,514 4,606,761 Loss before grants and subsidies from State Government (10,646,761) (8,558,500) Grants and subsidies from State Government 18 10,065,000 8,681,000 Non-Current Liabilities

Borrowings 25 123,015 551,028 (Loss)/profit for the period (581,761) 122,500 Provisions 26 499,657 332,500 Total Non-Current Liabilities 622,672 883,528 The Income Statement should be read in conjunction with the accompanying notes.

Total Liabilities 5,540,186 5,490,289

NET ASSETS 214,379,841 162,278,995

EQUITY Contributed Equity 28 68,941,690 37,544,690 Reserves 28 99,059,137 77,127,893 Retained earnings 28 46,379,014 47,606,412

TOTAL EQUITY 214,379,841 162,278,995

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Western Australian Sports Centre Trust trading as Western Australian Sports Centre Trust trading as VenuesWest VenuesWest Statement of Changes in Equity For the Year Ended 30 June 2009 Cash Flow Statement For the Year Ended 30 June 2009

2009 2008 Note $ $

Note 2009 2008 $ $ CASH FLOWS FROM OPERATING ACTIVITIES Receipts Balance of equity at start of period 162,278,995 152,718,987 Sale of goods and services 5,905,458 5,602,966 Provision of services 8,047,630 8,494,699 CONTRIBUTED EQUITY Interest received 63,258 156,513 Balance at start of period 37,544,690 37,459,690 GST receipts on sales 1,425,727 1,720,251 Capital contribution 237,000 85,000 Other receipts 2,487,638 2,845,466 Other contributions by owners 31,160,000 Balance at end of period 28 68,941,690 37,544,690 Payments Employee benefits (12,407,575) (11,261,912) RESERVES Supplies and services (7,366,634) (8,320,945) Asset Revaluation Reserve Finance costs (33,129) (78,387) Balance at start of period 77,127,893 67,775,385 Accommodation (1,383,266) (1,214,261) Gains from asset revaluation 21,931,244 9,352,508 GST payments on purchases (878,343) (1,318,982) Balance at end of period 28 99,059,137 77,127,893 GST payments to taxation authority (533,057) (290,603) Other payments (935,140) (701,249) RETAINED EARNINGS Net cash used in operating activities (5,607,433) (4,366,443) Balance at start of period 47,606,412 47,483,912 Change in accounting policy 5 (645,637) - CASH FLOWS FROM INVESTING ACTIVITIES 46,960,775 47,483,912 Proceeds from sales of non-current asset - 10,509 Profit (Loss) for the Period (581,761) 122,500 Purchase of non-current physical asset (664,192) (4,739,644) Balance at end of period 28 46,379,014 47,606,412 Net cash used in investing activities (664,192) (4,729,135)

CASH FLOWS FROM FINANCING ACTIVITIES

Balance of equity at end of period 214,379,841 162,278,995 Proceeds from borrowings - - Repayment of borrowings (481,630) (425,287) Net cash used in financing activities (481,630) (425,287)

Total income and expense for the period (a) 21,349,483 9,475,008 CASH FLOWS FROM STATE GOVERNMENT Grants and subsidies 9,173,000 9,350,000 Net cash provided by State Government 9,173,000 9,350,000 (a) The aggregate net amount attributable to each category of equity is: gains from asset revaluations

The Statement of Changes in Equity should be read in conjunction with the accompanying notes. Net increase/(decrease) in cash and cash equivalents 2,419,745 (170,866) Cash and cash equivalents at the beginning of the year 512,668 683,534 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 29 2,932,413 512,668

The Cash Flow statement should be read in conjunction with the accompanying notes.

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Western Australian Sports Centre Trust trading as VenuesWest Notes to Financial Statements For the Year Ended 30 June 2009

1. Australian equivalents to International accrual basis of accounting using the historical cost in the notes. Independent valuations of land and buildings are provided convention, modified by the revaluation of land, buildings Financial Reporting Standards Interest annually by the Western Australian Land Information and infrastructure which have been measured at fair value. Authority (Valuation Services) and recognised with The accounting policies adopted in the preparation of Revenue is recognised as the interest accrues. sufficient regularity to ensure that the carrying amount General the financial statements have been consistently applied Gains does not differ materially from the asset’s fair value at the The Trust’s financial statements for the year ended 30 June 2009 throughout all periods presented unless otherwise stated. Gains may be realised or unrealised and are usually balance sheet date. have been prepared in accordance with Australian equivalents The financial report is rounded to the nearest whole recognised on a net basis. These include gains arising on Fair value of infrastructure has been determined by to International Financial Reporting Standards (AIFRS), which Australian dollars. the disposal of non current assets. reference to the written-down current replacement cost comprise a Framework for the Preparation and Presentation The judgements that have been made in the process of (e) Borrowing Costs (existing use basis) as the assets are specialised and no market-based evidence of value is available. Land under applying accounting policies that have the most significant Borrowing costs for qualifying assets are capitalised net of of Financial Statements (the Framework) and Australian infrastructure is included in land reported under Property, effect on the amounts recognised in the financial statements any investment income earned on the unexpended portion Accounting Standards (including the Australian Accounting plant and equipment and is valued on current use basis. are included at Note 3 ‘Judgements made by management of the borrowings. Interpretations). in applying accounting policies.’ Current use land value is determined on the basis of Other borrowing costs are expensed when incurred. In preparing these financial statements the Authority has The key assumptions made concerning the future, and reinstatement of the land. This involves the estimation of (f) Property, Plant and Equipment and Infrastructure the hypothetical market value of the land assuming that adopted, where relevant to its operations, new and revised other key sources of estimation uncertainty at the balance sheet date that have a significant risk of causing a material Capitalisation/Expensing of assets it is vacant and zoned to the predominant non-public Standards and Interpretations from their operative dates as surrounding use. From this, the estimated reinstatement adjustment to the carrying amounts of assets and liabilities Items of property, plant and equipment costing $5,000 issued by the AASB and formerly the Urgent Issues Group costs are deducted, i.e. building demolition, clearing, re- within the next financial year are included at Note 4 ‘Key or more are recognised as assets and the cost of utilising (UIG). zoning costs and an allowance for time factors. sources of estimation uncertainty.’ assets is expensed (depreciated) over their useful lives. Independent valuations are obtained each year. Early adoption of standards (c) Reporting Entity Items of property, plant and equipment and infrastructure The reporting entity comprises the Western Australian costing less than $5,000 are expensed direct to the Income When infrastructure is revalued, the accumulated VenuesWest cannot early adopt an Australian Accounting Sports Centre Trust. Statement (other than where they form part of a group of depreciation is restated proportionately with the change in similar items which are significant in total). the gross carrying amount of the asset so that the carrying Standard or Interpretation unless specifically permitted by (d) Income TI1101 ‘Application of Australian Accounting Standards and Initial recognition and measurement amount of the asset after revaluation equals its revalued Revenue Recognition amount. The most significant assumptions in estimating fair Other Pronouncements’. No Standards and Interpretations that All items of property, plant and equipment are initially value are made in assessing whether to apply the existing have been issued or amended but are not yet effective have Revenue is measured at the fair value of consideration recognised at cost. received or receivable. Revenue is recognised for the use basis to assets and in determining estimated useful been early adopted by VenuesWest for the annual reporting For items of property, plant and equipment acquired at no major business activities as follows: life. Professional judgment by the valuer is required where period ended 30 June 2009. cost or for nominal cost, cost is their fair value at the date the evidence does not provide a clear distinction between Sale of goods of acquisition. market type assets and existing use assets. Revenue is recognised from the sale of goods and disposal Summary of significant accounting policies Subsequent measurement Derecognition of other assets when the significant risks and rewards of (a) General Statement After recognition as an asset, the Trust uses the revaluation ownership control transfer to the purchaser and can be Upon disposal or derecognition of an item of property, plant model for the measurement of land and buildings and the The financial statements constitute a general purpose measured reliably. and equipment and infrastructure, any revaluation reserve financial report which has been prepared in accordance cost model for all other property, plant and equipment. Land relating to that asset is retained in the asset revaluation Rendering of services with the Australian Accounting Standards, the Framework, and buildings are carried at fair value less accumulated reserve. Revenue is recognised on delivery of the service to the depreciation on buildings and accumulated impairment Statemetns of Accounting Concepts and other authoritative Asset Revaluation Reserve pronouncements of the Australian Accounting Standards client or by reference to the stage of completion of the losses. All other items of property, plant and equipment The asset revaluation reserve is used to record increments Board as applied by the Treasurer’s Instructions. Several of transaction. are carried at cost less accumulated depreciation and and decrements on the revaluation of non-current assets as these are modified by the Treasurer’s Instructions to vary Grants, donations, gifts and other non-reciprocal accumulated impairment losses. described in note 22 ‘Property, Plant and Equipment’. application, disclosure, format and wording. contributions Where market-based evidence is available, the fair value Depreciation The Financial Management Act and the Treasurer’s Revenue is recognised at fair value when the Trust obtains of land and buildings is determined on the basis of current Instructions are legislative provisions governing the control over the assets comprising the contributions, market buying values determined by reference to recent All non-current assets having a limited useful life are preparation of financial statements and take precedence usually when cash is received. market transactions. When buildings are revalued by systematically depreciated over their estimated useful reference to recent market transactions, the accumulated lives in a manner that reflects the consumption of their over the Accounting Standards, the Framework, Statements Other non-reciprocal contributions that are not depreciation is eliminated against the gross carrying future economic benefits. of Accounting Concepts and other authoritative contributions by owners are recognised at their fair value. pronouncements of the Australian Accounting Standards amount of the asset and the net amount restated to the Land is not depreciated. Depreciation on other assets is Contributions of services are only recognised when a fair revalued amount. Board. value can be reliably determined and the services would calculated using the straight line method, using rates which Where modification is required and has a material or be purchased if not donated. Where market-based evidence is not available, the fair are reviewed annually. Estimated useful lives for each class significant financial effect upon the reported results, details value of land and buildings is determined on the basis of of depreciable asset are: Where contributions recognised as revenues during the existing use. This normally applies where buildings are of that modification and the resulting financial effect are reporting period were obtained on the condition that Buildings 40 to 50 years disclosed in the notes to the financial statements. specialised or where land use is restricted. Fair value for they be expended in a particular manner or used over a existing use assets is determined by reference to the cost Plant and equipment 3 to 15 years (b) Basis of Preparation particular period, and those conditions were undischarged of replacing the remaining future economic benefits Office equipment 3 to 20 years The financial statements have been prepared on the as at the balance sheet date, the nature of, and amounts pertaining to, those undischarged conditions are disclosed embodied in the asset, i.e. the written-down current replacement cost. Where the fair value of buildings is dependent on using the depreciated replacement cost, the gross carrying amount and the accumulated depreciation are restated proportionately.

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(g) Impairment of Assets • Receivables • Amounts receivable for services (i) Provisions - Employee Benefits Scheme are extinguished by the concurrent payment of Property, plant and equipment are tested for any indication employer contributions to the GESB. of impairment at each balance sheet date. Where there is Financial Liabilities Annual Leave and Long Service Leave an indication of impairment, the recoverable amount is • Payables The liability for annual and long service leave expected The Gold State Superannuation Scheme is a defined estimated. Where the recoverable amount is less than the • Other borrowings to be settled within 12 months after the balance sheet date benefit scheme for the purposes of employees and carrying amount, the asset is considered impaired and is • Finance lease liabilities is recognised and measured at the undiscounted amounts whole-of-government reporting. However, from an agency written down to the recoverable amount and an impairment Initial recognition and measurement is at fair value. The expected to be paid when the liabilities are settled. Annual perspective, apart from the transfer benefits, it is a defined loss is recognised. As the Trust is a not-for-profit entity, transaction cost or face value is equivalent to the fair value. and long service leave expected to be settled more than contribution plan under AASB 119. unless an asset has been identified as a surplus asset, the Subsequent measurement is at amortised cost using the 12 months after the balance sheet date is measured at the (ii) Provisions - Other recoverable amount is the higher of an asset’s fair value effective interest method. present value of amounts expected to be paid when the Employment On-Costs less costs to sell and depreciated replacement cost. The liabilities are settled. Leave liabilities are in respect of The fair value of short-term receivables and payables is Employment on-costs, including workers’ compensation risk of impairment is generally limited to circumstances the transaction cost or the face value because there is no services provided by employees up to the balance sheet where an asset’s depreciation is materially understated, date. insurance and payroll tax, are not employee benefits and interest rate applicable and subsequent measurement is are recognised separately as liabilities and expenses where the replacement cost is falling or where there is a not required as the effect of discounting is not material. When assessing expected future payments consideration is significant change in useful life. when the employment to which they relate has occurred. (j) Cash and Cash Equivalents given to expected future wage and salary levels including Employment on-costs are not included as part of the Trust’s Each relevant class of assets is reviewed annually to verify non salary components such as employer superannuation For the purpose of the Cash Flow Statement, cash and cash ‘Employee benefits expense’ and the related liability is that the accumulated depreciation/amortisation reflects contributions. In addition, the long service leave liability included in Employment on-costs provision. the level of consumption or expiration of asset’s future equivalents includes restricted cash and cash equivalents. also considers the experience of employee departures economic benefits and to evaluate any impairment risk These include cash on hand which is subject to insignificant and periods of service. (p) Accrued Salaries from falling replacement costs. risk of changes in value. The expected future payments are discounted to present Accrued salaries represent the amount due to staff but The recoverable amount of assets identified as surplus (k) Inventories value using market yields at the balance sheet date on unpaid at the end of the financial year, as the end of the assets is the higher of fair value less costs to sell and the national government bonds with terms to maturity that last pay period for that financial year does not coincide Inventories are measured at the lower of cost and net with the end of the financial year. Accrued salaries are present value of future cash flows expected to be derived realisable value. Costs are assigned by the method most match, as closely as possible, the estimated future cash from the asset. Surplus assets carried at fair value have no outflows. settled within a few days of the financial year end. The appropriate to each particular class of inventory, with the Trust considers the carrying amount of accrued salaries to risk of material impairment where fair value is determined majority being valued on a first in first out basis. All annual leave and unconditional long service leave by reference to market-based evidence. Where fair value be equivalent to the net fair value. Inventories not held for resale are valued at cost unless provisions are classified as current liabilities as the Trust is determined by reference to depreciated replacement (q) Comparative Figures they are no longer required, in which case they are valued does not have an unconditional right to defer settlement of cost, surplus assets are at risk of impairment and the at net realisable value. the liability for at least 12 months after the balance sheet Comparative figures are, where appropriate, reclassified recoverable amount is measured. Surplus assets at cost are date. to be comparable with the figures presented in the current tested for indication of impairment at each balance sheet (l) Receivables Superannuation financial year. date. Receivables are recognised and carried at original 3. Judgements made by management in applying invoice amount less an allowance for any uncollectible The Government Employees Superannuation Board (GESB) (h) Leases accounting policies amounts (i.e impairment). The collectability of administers the following superannuation schemes. Finance lease rights and obligations are initially receivables is reviewed on an ongoing basis and any Employees may contribute to the Pension Scheme, a defined The judgements that have been used in the process of recognised, at the commencement of the lease term as receivables identified as uncollectible are written- benefit pension scheme now closed to new members, or to applying accounting policies have had no material effect assets and liabilities equal in amount to the fair value of the off against the allowance account. The allowance for the Gold State Superannuation Scheme (GSS), a defined on amounts recognised in the financial statements. leased item or, if lower, the present value of the minimum uncollectible amounts (doubtful debts) is raised when benefit lump sum scheme also closed to new members. lease payments, determined at the inception of the lease. 4. Key sources of estimation uncertainty there is objective evidence that the Trust will not be able Employees commencing employment prior to 16 April The assets are disclosed as plant and equipment under There were no estimates or assumptions made concerning to collect its debts. The carrying amount is equivalent to 2007 who were not members of either the Pension or the lease and are depreciated to the Income Statement over the future, or other key sources of estimation uncertainty at fair value as it is due for settlement within 30 days. GSS Schemes became non-contributory members of the the period during which the Trust is expected to benefit the balance sheet date that is likely to have a significant risk West State Superannuation Scheme (WSS). Employees from their use. Minimum lease payments are apportioned (m) Payables of causing a material adjustment to the carrying amounts of commencing employment on or after 16 April 2007 between the finance charge and the reduction of the assets and liabilities within the next financial year. Payables are recognised when the Trust becomes obliged became members of the GESB Super Scheme (GESBS). outstanding lease liability, according to the interest rate to make future payments as a result of a purchase of assets Both of these schemes are accumulation schemes. The 5. Disclosure of changes in accounting policy and implicit in the lease. or services at the amounts payable. The carrying amount is Trust makes concurrent contributions to GESB on behalf estimates The Trust holds operating leases for its motor vehicles equivalent to fair value, as they are generally settled within of employees in compliance with the Commonwealth Initial application of an Australian Accounting Standard and some plant and equipment where the lessor 30 days. Government’s Superannuation Guarantee (Administration) The Trust has applied the following Australian Accounting effectively retains all of the risks and benefits incidental (n) Borrowings Act 1992. These contributions extinguish the liability for to ownership of the items held under the operating leases. Standards and Australian Accounting Interpretations All loans payable are initially recognised at cost, being superannuation charges in respect of the WSS and GESBS Equal instalments of the lease payments are charged effective for annual reporting periods beginning on or the fair value of the net proceeds received. Subsequent Schemes. to the Income Statement over the lease term as this is after 1 July 2008 that impacted on the Trust: measurement is at amortised cost using the effective The Pension Scheme and the pre-transfer benefit for representative of the pattern of benefits to be derived from Review of AAS 27 ‘Financial Reporting by Local interest rate method. employees who transferred to the GSS Scheme are defined the leased property. Governments’, 29 ‘Financial Reporting by Government benefit schemes. These benefits are wholly unfunded (o) Provisions Departments’ and 31 ’Financial Reporting by Governments’. (i) Financial Instruments however the Trust had no individuals in these schemes at Provisions are liabilities of uncertain timing and amount The AASB has made the following pronouncements from In addition to cash, the Trust has two categories of financial the balance sheet date and hence there are no liabilities and are recognised where there is a present legal or its short term review of AAS 27, AAS 29 and AAS 31: AASB instruments: for these schemes at that date. constructive obligation as a result of a past event and when 1004 ‘Contributions’; AASB 1050 ‘Administered Items’; • Loans and receivables; The GSS Scheme, the WSS Scheme, and the GESBS Scheme, the outflow of resources embodying economic benefits AASB 1051 ’Land Under Roads’; AASB 1052 ‘Disaggregated • Financial liabilities measured at amortised cost. where the current service superannuation charge is paid is probable and a reliable estimate can be made of the Disclosures’ AASB 2007-9 ‘Amendments to Australian by the Trust to the GESB, are defined contribution schemes. These have been disaggregated into the following classes: amount of the obligation. Provisions are reviewed at each Accounting Standards arising from the review of AASs The liabilities for current service superannuation charges • Financial Assets balance sheet date. 27, 29 and 31 [AASB 3, AASB 5, AASB 8, AASB 101, AASB under the GSS Scheme, the WSS Scheme, and the GESBS • Cash and cash equivalents 114, AASB 116, AASB 127 & AASB 137] Interpretation 1038

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‘Contributions by Owners Made to Wholly-Owned Public Future impact of Australian Accounting Standards or Accomodation Expenses. In addition, some staff salary In 2007-08 the Office of Energy loans were disclosed as Sector Entities. not yet operative benefits were incorrectly classified as Employment part of the ‘Other Liabilities’ financial statement line item The existing requirements in AAS 27, AAS 29 and AAS 31 The Trust cannot early adopt an Australian Accounting Oncosts ($56,073). The comparatives for 2007-08 have i.e. current liability $344,670 and non current liability have been transferred to the above new and revised topic- Standard or Australian Accounting Interpretation unless now been adjusted to correctly reflect the employee $304,128. To more correctly reflect the requirements of based Standards and Interpretation. These requirements specifically permitted by TI 1101 ‘Application of Australian benefits expense for that year and more fully address the AASB 7, these loans have been reclassified as comprising remain substantively unchanged. AASB 1050, AASB 1051 Accounting Standards and Other Pronouncements’. requirements of AASB 119 Employee Benefits. part of the ‘Borrowings’ financial statement line item. and AASB 1052 do not apply to Statutory Authorities. Consequently, the Trust has not applied the following FS Line Item 2007-08 Adjustment 2007-08 The other Standards and Interpretation make some Australian Accounting Standards and Australian Reported Reclassified FS Line Item 2007-08 Adjustment 2007-08 modifications to disclosures and provide additional Accounting Interpretations that have been issued and Balance Balance Reported Reclassified guidance otherwise there is no financial impact. which may impact the Trust but are not yet effective. Where Balance Balance Other Liabilities - $1,460,885 ($344,670) $1,116,215 Voluntary Changes in Accounting Policy applicable, the Trust plans to apply these Standards and Current Interpretations from their application date: Employee $11,479,566 $456,964 $11,936,530 In 2008-09 the Trust changed its asset capitalisation Benefits Expense Other Liabilities - $304,128 ($304,128) $0 threshhold from $1,000 to $5,000 in accordance with the Title Operative for reporting periods beginning on/after Non Current requirements of Treasurer’s Instruction 1101. In accordance AASB 101 ‘Presentation of Financial Statements (September Supplies and $5,626,637 ($381,756) $5,244,881 Services Borrowings - $162,951 $344,670 $507,621 with the requirements of AASB 108, the Trust has accounted 2007). This Standard has been revised and will change Current for this change in accounting policy by retrospectively the structure of the financial statements. These changes Accomodation $1,214,261 ($19,135) $1,195,126 Borrowings - Non $246,900 $304,128 $551,028 adjusting the opening balance of the accumulated will require that owner changes in equity are presented Expenses Current surplus/(deficiency) account for the earliest prior period separately from non owner changes in equity. The Trust Other Expenses $701,249 ($56,073) $645,176 possible and by adjusting the relevant financial statement does not expect any financial impact when the Standard is $2,174,864 - $2,174,864 $19,021,713 - $19,021,713 comparative amounts disclosed for the prior period first applied. presented, as if the new accounting policy had always 1 January 2009 v. Supplies and Services been applied. ii. Employment On-costs AASB 2008-13 ‘Amendments to Australian Accounting The ‘Supplies and Services’ balance for 2007-08 contained a It was assessed that the earliest practical period that this In addition workers compensation insurance Employment Standards arising from AASB Interpretation 17 – line item called ‘Other’ $2,609,851. Some of the items in this change in accounting policy could be applied was as at 1 On-Cost ($68,932) was incorrectly classified as a Supplies Distributions of Non-cash Assets to Owners [AASB 5 & balance have been further broken down to provide more July 2008. With the departure of key Trust personnel, the AASB 110]. and Services Insurance Expense. required knowldege of previous events and information informative financial statement disclosures as follows: was not available to re-cast financial information, prior to This Standard amends AASB 5 ‘Non-current Assets Held FS Line Item 2007-08 Adjustment 2007-08 the 1 July 2008 date. for Sale and Discontinued Operations’ in respect of the Reported Reclassified classification, presentation and measurement of non- Balance Balance Hence this new capitalisation policy has been applied to current assets held for distribution to owners in their Restated Supplies $5,244,881 ($68,932) $5,175,949 the Trust’s assets as at that date. The net effect of the change capacity as owners. The Trust does not expect any financial and Services in the capitalisation policy was a net decrease in the Trust’s impact when the Standard is first applied prospectively. Balance (from asset base of $645,637 which is reflected in an adjustment 1 July 2009 point i) to the accumulated surplus/(deficiency) account for this AASB 2009-2 ‘Amendments to Australian Accounting Restated Other $645,176 $68,932 $714,108 amount (See Statement of Changes in Equity account for Expenses Balance disclosure). Standards - Improving Disclosures about Financial Instruments [AASB 4, AASB 7, AASB 1023 & AASB 1038]’. (from point i) The relevant asset categories adjusted with their balances This standard amends AASB 7 and will require enhanced $5,890,057 - $5,890,057 as at 30 June 2008 pre the change in the capitalisation disclosures about fair value measurements and liquidity policy and post the change in the policy are as follows: risk with respect to financial instruments. The Trust does Property, plant and equipment not expect any financial impact when the standard is first iii. Cost of Goods Sold applied. 1 January 2009 Some expenses associated with the sale of goods/services 30 June 2008 1 July 2008 Balances have been reclassified to fully align these costs according Balances After change in 6. Reclassification of 2007-08 Balances to their function as part of the cost of sales. Prior to change in capitalisation policy The following 2007-08 expenses have been reclassified capitalisation policy to more correctly align with the requirements of the FS Line Item 2007-08 Adjustment 2007-08 Plant and 9,693,663 8,425,225 Financial Management Act 2006 or Australian equivalents Reported Reclassified Equipment Balance Balance Owned to International Financial Reporting Standards (AIFRS). Restated Supplies $5,175,949 ($104,744) $5,071,203 at cost (6,016,501) (5,269,297) AASB 101 Presentation of Financial Statements requires and Services Accumulated that when the presentation or classification of items in the Balance (from depreciation financial report is amended, comparative amounts shall be point ii) 3,677,162 3,155,927 reclassified and the entity to disclose Cost of Sales $2,257,515 $104,744 $2,362,259 Leased Plant 1,275,327 1,204,356 (a) the nature of the reclassification; and Equipment $7,433,464 - $7,433,464 (b) the amount of each item or class of items that is reclassified; at cost (716,245) (645,274) Accumulated and depreciation (c) the reason for the reclassification. iv. Other Liabilities - Interest Free Loan Office of Energy 559,082 559,082 The following items have been reclassified. The amount of AASB 7 Financial Instruments Disclosures, requires the Office 997,486 558,019 the reclassifications and the financial statement line items carrying amounts of loans to be disclosed either on the Equipment affected are listed in this Note. face of the balance sheet or in the notes. The standard also at cost (678,623) (363,559) requires the grouping of financial instruments into classes i. Employee Benefit Expenses Accumulated that are appropriate to the nature of the information depreciation A number of Employee Benefit Expenses, including salary disclosed and that take into account the characteristics of 318,863 194,460 and wages ($280,835), training costs ($93,417) and other that financial instrument. considerations ($7,505) provided by the Trust, were

incorrectly classified as Supplies and Services expenses 4,555,108 3,909,469

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FS Line Item 2007-08 Reported Adjustment 2007-08 PUBLICATIONS Balance Reclassified Balance VenuesWest produced a range of publications. Copies of publications are available by contacting VenuesWest directly or by visiting www.venueswest.wa.gov.au Supplies and Services - Other $2,609,851 ($1,134,771) $1,475,080 • VenuesWest Strategic Plan Supplies and Services - Advertising & Promotion $191,247 $11,196 $202,443 • Front Row magazine Supplies and Services - Consumables Total $548,231 $207,618 $755,849 • Arena Joondalup – Community Enrolments and Offers Catalogue Supplies and Services - Equipment Hire $340,683 $67,516 $408,199 • Challenge Stadium – Community Enrolments and Offers Catalogue Supplies and Services - Insurance $251,728 - $251,728 Supplies and Services - Fees and Charges - $259,002 $259,002 Supplies and Services - Minor Equipment Acquisitions - $225,981 $225,981 Supplies and Services - Major Event On-Costs $858,356 - $858,356 HOW TO CONTACT VENUESWEST Supplies and Services - Services and Contracts - $236,910 $236,910 VenuesWest - Arena Joondalup Supplies and Services - Utilities $775,798 - $775,798 VenuesWest - SpeedDome Kennedya Drive Eddie Barron Drive Supplies and Services - Communications $50,743 - $50,743 Joondalup WA 6027 Midvale WA 6056 Employee Benefits Expense - Other Related Expenses - $100,829 $100,829 Postal Address: Postal Address Employee Benefits Expense - Wages and Salaries $9,915,457 $25,719 $9,941,176 PO Box 33 PO Box 581 $15,542,094 - $15,542,094 Joondalup WA 6919 Floreat WA 6014 Phone: (+61 8) 9300 3355 Phone: (+61 8) 9250 6701 Fax: (+61 8) 9250 6702 Incorporating the adjustments in items i to iii above the following FS line Item balances are derived Fax: (+61 8)9300 1199

VenuesWest – Challenge Stadium VenuesWest – WA Athletics Stadium Stephenson Avenue Stephenson Avenue FS Line Item 2007-08 Reported Adjustment i Adjustment Adjustment 2007-08 Mt Claremont WA 6010 Mt Claremont WA 6010 Balance or From Note 6(i) ii From Note iii From Reclassified Reclassified 6(ii) Note 6 (iii) Balance Postal Address Postal Address Balance From PO Box 581 Note 6(v) PO Box 581 Floreat WA 6014 Floreat WA 6014 Supplies and Services - Other $1,475,080 ($122,828) - - $1,352,252 Phone: (+61 8) 6272 0400 Phone: (+61 8) 9441 8267 Supplies and Services - Advertising & Promotion $202,443 ($287) - - $202,156 (+61 8) 9441 8222 - Human Resources (+61 8) 9441 8222 - Human Resources Supplies and Services - Consumables Total $755,849 - - - $755,849 Fax: (+61 8) 9441 8288 - Human Resources Fax: (+61 8) 9441 8254 Supplies and Services - Equipment Hire $408,199 - - - $408,199 (+61 8) 9441 8288 - Human Resources Supplies and Services - Insurance $251,728 - ($68,932) - $182,796 VenuesWest – WA Basketball Centre Stephenson Avenue Supplies and Services - Fees and Charges $259,002 - - - $259,002 VenuesWest - Perth Motorplex Mt Claremont WA 6010 Supplies and Services - Minor Equipment Acquisitions $225,981 - - - $225,981 Cnr Anketell and Rockingham Roads Postal Address Supplies and Services - Major Event On-Costs $858,356 ($254,921) - ($104,744) $498,691 Kwinana Beach WA 6167 PO Box 581 Floreat WA 6014 Supplies and Services - Services and Contracts $236,910 ($3,720) - - $233,190 Postal Address: PO Box 241 Phone: (+61 8) 6441 8267 Supplies and Services - Utilities $775,798 - - - $775,798 Kwinana WA 6966 (+61 8) 9441 8222 - Human Resources Supplies and Services - Communications $50,743 - - - $50,743 Phone: (+61 8) 9419 6622 Fax: (+61 8) 9441 8288 - Human Resources COGS - Purchases $2,254,603 - - $104,744 Fax: (+61 8) 9439 4488 Other Expenses - Employment On-Costs $636,249 ($56,073) $68,932 - $649,108 Accomodation Expenses - Cleaning $526,731 ($19,135) - - $507,596 Employee Benefits Expense - Other Related Expenses $100,829 $156,995 - - $257,824 Employee Benefits Expense - Wages and Salaries $9,941,176 $299,969 - - $10,241,145 $18,959,677 - - $18,959,677

ANNUAL REPORT 2008/09 66 67 ANNUAL REPORT 2008/09