Contents

Directors, Staff & Committees Page 2

Chairman’s Report Page 4

CEO Report Page 7

Committee Reports Alpine Page 9 Cross Country Page 11 Freestyle Page 12

State Reports Australian Capital Territory Page 13 New South Wales Page 16 South Page 18 Victoria Page 20

School SnowSport Development Foundation Page 21

Optus Australian Ski Awards Page 23

Financial Reports Page 24 Directors Report Page 24 Balance Sheet Page 30 Profit and Loss Page 31 Notes forming part of the statement Page 32 Statement by Directors Page 35 Independent Audit Report Page 36

Skiing Australia Limited Rialto South Tower Level 32, 525 Collins Street VIC 3000 Phone: (03) 9614 2644 Fax: (03) 9614 7423 Email: [email protected]

1 Directors, Staff & Committees

Directors

CHAIRMAN Hugh Whan BOARD MEMBERS Andrew Evans Dean Gosper Suzie Graham Steve Loader Gary Plovanic Rod Read Chris Solly Shane Wood

Staff

CEO Steven Potts (from June 1999) OPERATIONS MANAGER Sally Jones (from July 1999) NATIONAL DEVELOPMENT OFFICER Andrew Slocombe

Chairman of Discipline Committees

ALPINE Cliff Mason CROSS COUNTRY Tony Greville FREESTYLE David Frydman SNOWBOARDING Bob Monahan

2 Chairman’s Report Hugh Whan

The sixth year of Skiing Australia has again been a year of considerable change, including the appointment of a new CEO and an Operations Manager. One of the major highlights for the year was the management of our first World Cup Aerials event, where Skiing Australia was responsible for the event operation. Another significant change was the establishment of the School SnowSports Development Foundation as a separate but closely linked entity of Skiing Australia, to manage the Victorian Interschools competition and other School SnowSports development programs.

Financial Performance The organization has produced a surplus of just on $40,000 for the 1998/1999 financial year, which represents a considerable turnaround from the previous year’s $180,000 + deficit. This result achieves the goal set by the new Board for the organization to trade at break-even or a small surplus for the 1998/1999 year.

Our goal for the 1999/2000 year is to achieve a significant reduction in our historic debt level, which will then allow the organization to focus future surpluses on increased funding for athlete development programs.

Directors intend to achieve this surplus by continuing to focus on our core event management and fund raising activities developed during the year whilst maintaining a close watch on costs and overheads.

Sporting Performance and Programs The 1998/99 year was again a spectacular year for Australian skiing performances, with and Jacqui Cooper both producing World Championship gold medal performances and Jacqui also winning the overall World Cup. Zeke Steggall made sure that he also had a trophy for the family mantelpiece taking bronze in the World Boardercross Championships. In the AIWS’s first full year of operation, naturally we could not have hoped for a better outcome for our elite athletes. The vision shown by Rino and Diana Grollo, and the previous Skiing Australia Board in establishing our elite programs in this fashion is now the envy of many skiing nations.

The support of the AOC and the AIS, in particular John Coates and John Boultbee has ensured the future success of these programs. I am sure that I speak for not just skiing but all winter sports in recognizing this initiative as the major Australian winter sports legacy from the 2000 summer Olympic Games.

Finally, congratulations to all our sub-elite skiers and snowboarders who are working towards selection to the AIWS and ultimately Olympic Team selection for 2002 and beyond.

3 Philips Mobile Phones World Aerials The 1999 Philips Mobile Phones World Aerials was postponed due to unseasonable weather conditions and rescheduled for the 11 and 12 September 1999. The postponement of the event was only made possible by the cooperation of our major sponsor Philips Mobile Phones, the International Ski Federation (FIS), Buller Ski Lifts, the Mt Buller Resort Management Board, the commercial accommodation providers at Mt Buller, the competing teams and the Seven Network, demonstrating a strong determination on the part of all stakeholders to ensure the event was held. Team Buller and Buller Ski Lifts worked tirelessly in the weeks leading up to the event, with teams of volunteers trucking snow to the jump site.

28 of the world’s best aerials skiers, representing 12 nations, gathered at Mt Buller on September 11 and 12, for the first two rounds of the 1999/2000 FIS World Cup. The weather was spectacular and the outcome could not have produced better results, with Australia’s own Jacqui Cooper winning both events.

Ski Awards Dinner The Ski Awards Dinner was held at the Wentworth Hotel in Sydney and was an outstanding success. It was wonderful to see some of the key figures within the skiing community recognized. Skier of the Year was jointly awarded to Jacqui Cooper and Zali Steggall.

World Cup Club The World Cup Club is continuing to grow from strength to strength. The donations received provide local and overseas training, coaching and travel opportunities for the next generation of World Cup winners.

During the 1998/99 financial year a total of $30,000 from the World Cup Club was contributed in support of Skiing Australia Development Programs.

Australia has won 72 medals in World Cup competition, through to the end of this reporting period. Therefore, potential membership has been increased to 72, with new members admitted on a yearly basis, depending on World Cup Medals won for the year. Information on the World Cup Club and its tax deductible status can be obtained from the Skiing Australia office.

FIS World Congress We are eagerly looking forward to hosting the year 2000 Congress of the Federation Internationale de Ski (FIS). The biennial Congress, the 42nd in the history of the organization, will bring over 1000 delegates from more than 100 nations to Melbourne in May 2000.

We are honoured to have the opportunity to host this most important event on the international ski calendar and recognize Geoff Henke for his enormous contribution as Chairman of the Congress Organising Committee.

4 Skiing Victoria – Victorian Division of SAL As foreshadowed in last year’s Annual Report, Victoria now has a strong, enthusiastic and focused team of people to represent Victorian snowsport participants, with a number of representatives from the previously recognized entity (Victorian Ski Association) accepting an offer to participate on the expanded Skiing Victoria Committee.

The Chairman of Skiing Victoria, Joel Dixon, has worked tirelessly to bring about this reconciliation of snowsports administrators in the State and he and his Committee should be commended for their efforts.

Communication To spearhead communications with our athletes, Skiing Australia is producing an Athlete Pathways document for each discipline to help improve the communication flow for the sport and enable all stakeholders to identify their role in the development of our winter sport athletes and the responsible program operators.

Skiing Australia is seeking feedback and participation by all relevant parties in the development of these pathways. The Athlete Pathways document for each discipline will ensure that: • Resources are focused on the development of credible athletes. • Stakeholders are aware of their role and position within the national structure. • Athletes are aware of their defined athlete pathway. • “Black Holes” which currently exist in the pathways are identified and addressed. We look forward to completing this consultative process as we move towards the 2002 Olympic Winter Games.

Along with this, the Skiing Australia Internet site, www.skiingaustralia.org.au was successfully launched. Throughout winter 1999 the site kept members and interested parties up to date with events, results, snow reports, calendars and other matters of winter sports interest.

Summation This reporting period is the first full year of management under the changed Board of Directors elected at last year’s Annual General Meeting. Our goal of achieving a balanced budget for the 1998/1999 year has been achieved. With limited resources, we have also provided financial assistance to our athlete development programs and established our credentials in running a successful World Cup event.

Our thanks to Steven Potts and his staff for their efforts over the past year – much has been achieved with limited resources. However, in order for the sport to reach it’s full potential, Directors believe we must continue to focus on our core activities and set objectives which are achievable within the resources available to the organization.

We continue to be encouraged by the broad support and assistance given to the Board by our National Discipline Committees, resort owners, our sponsors and importantly, the vast army of volunteers who contribute their time and effort for the love of the sport.

I look forward to the year 2000 bringing a highly successful snow season for all involved in Australian skiing.

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Chief Executive Officer’s Report Steven Potts

The continued success of Australian Snow Sports Athletes have provided many memorable highlights throughout the year. Internationally Australian Athletes made their mark at the 1999 World Championships, with the crowning of Zali Steggall and Jacqui Cooper as 1999 World Champions and Zeke Steggall with a Bronze Medal. The results were just as impressive during the Australian Winter with Jacqui Cooper becoming the First Australian to win a World Cup Gold Medal on home soil.

During 1998-1999 Skiing Australia reviewed it’s operations and core business. As part of this review Skiing Australia assumed the role of event organizer for the 1999 Philips Mobile Phones World Cup Aerials; established the School SnowSports Development Foundation to coordinate the School programs and activities in Victoria; launched the Skiing Australia Web Site and revamped the membership package with support from all of the major Resorts.

As part of the review process Sally Jones joined the team as Operations Manager in June 1999. Sally joins Andrew Slocombe (National Development Officer) and myself as the full time staff contingent.

The 1999 Philips Mobile Phones World Aerials was a truly great success for Australian Skiing with perfect weather and Jacqui Cooper commencing the season in the same form which won her the world title, securing back to back victories.

Whist the weekend was a great success, it was only made possible by the immense dedication of our major sponsor Philips Mobile Phones, the International Ski Federation (FIS), Buller Ski Lifts, the Resort Management Board, the commercial accommodation providers at Mt Buller, the competing teams and athletes and the Channel Seven Network.

A special mention must go to Team Buller and Buller Ski Lifts who worked around the clock in very trying conditions to ensure the jump site was in World Cup condition.

1999/2000 will be another exciting year for Skiing Australia, with Australian Athletes already producing some superb results internationally; the confirmation of the 2000 Philips Mobile Phones World Aerials; the 42nd FIS Congress; 2000 Ski Awards and the construction of a water jump training facility.

2000 Philips Mobile Phones World Aerials The 2000 Philips Mobile Phones World Aerials will be held at Mt Buller on 12 & 13 August, 2000. With the 1999 experience behind us, we are looking forward to another spectacular event.

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42nd FIS Congress In view of the outstanding success of Malcolm Milne, Steve Lee, and in recent times, Kirstie Marshall, Jacqui Cooper and Zali Steggall, it is fitting that Australia has been recognized by the International Skiing community with the FIS 2000 Congress.

The FIS Congress is a biannual event where, in 2000, the International Skiing community will focus on Australia. The FIS Congress will be held in Melbourne, from Monday 29th May to Friday 2 June 2000.

2000 Ski Awards The Australian Ski Awards dinner will be held on Wednesday 31 May, 2000 in Melbourne. We hope that all Skiing enthusiasts will attend to congratulate our athletes and industry on another successful year.

Water Jump Development Skiing Australia has secured support to construct a single kicker water jump in Doncaster – Victoria, which will be the first water jump in a metropolitan area anywhere in the world.

Finally, I would like to thank all of our sponsors, major stakeholders and most particularly our volunteers, for their continued support and hard work. I look forward to working closely with you as we lead into 2000 and beyond.

7 Discipline Committee Reports

Alpine Cliff Mason Chairman

This period covers the 1998/99 Northern Hemisphere winter, 1999 Vail World Championships, 1999 Pra Loup (FRA) World Junior Championships and the 1999 Australian winter.

The highlight of the year, and historically the highlight of Australia’s skiing history, was Australia's first ever Alpine World Champion - Zali Steggall' s Slalom Gold Medal in Vail in February 1999. This was a tremendous achievement by Zali and her coaches, Helmut Spiegl and Chris Knight, and followed our first ever women's alpine Olympic Medal in the previous season. At the end of the 1998/99 season, Zali was ranked 5th in the world in women's Slalom, our best ever alpine ranking.

Zali Steggall, along with skiings other World Champion, Jacqui Cooper in Freestyle Aerials, were deservedly awarded Joint Skier of the Year at the 1999 Optus Ski Awards. Helmut Spiegl was awarded Coach of the Year and Bradley Wall was awarded Junior Skier of the Year for his impressive 6th place in the World Junior Championship Super-G event at Pra Loup. This was again our best result ever in alpine World Juniors.

Other members of our National Alpine Ski Team (NAST) have performed with distinction to the extent that at the end of this report period, Australia had two (2) athletes ranked in the top 50 in the world, another three (3) in the top 100 and another two (2) in the top 160 places. Jenny Owens made the top 50 for the first time in women's downhill. This is a record that stacks up very well against other higher profile summer sports.

In May 1999, the Alpine Division faced a crisis in funding and organizing an Australian season Continental Cup (COC) program. Unlike the previous year, the Australian Institute of Winter Sport (AIWS) was not in a position to provide a full-time coach for this program. With the cooperation of New South Wales Institute of Sport (NSWIS), the Jindabyne Winter Sports Academy, Perisher Blue and Thredbo resorts, the SAL Alpine Committee was able to put a joint SAL/NSWlS program together utilizing the coaching services of Chris Hillier, Steve Graham and Jamie Dunlop.

Organizational difficulties continued through the Australian season in planning a Northern Hemisphere program. It is pleasing to report that at the end of its reporting period (October, 1999), negotiations had been completed to fund a significant European program for 10 ath1etes and four coaches from the SAL NAST and NSW!S teams extending over a 4+ month period.

Significant sponsorship was arranged for the 1999/2000 program by the AIWS with Zali Steggall's sponsor One.Tel and I wish to put on record our appreciation of this support from One.Tel. In addition, the AIWS was able to arrange support for team vehicles in Europe and accommodation at the AOC facility in Axams, .

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Other sponsorship for the current season was received from all four major resorts in Australia with cash contributions coming from Thredbo, Perisher Blue and Mt Hotham and equipment provision from Mt Buller. Again, this is a first for an alpine European program, and Skiing Australia is really grateful for this support. Finally, we enter the New Year with ongoing support from the Jindabyne Winter Sports Academy both in cash and kind, and a joint program relationship with the NSWIS.

The Australia New Zealand Continental Cup Series continued to grow in stature with 16 races being held. The unpredictable snow conditions in 1999 meant that every one of the COC events had to be relocated or rescheduled and all races were held in New Zealand. A total of 10 nations competed and three Australian racers, Brad Wall (GS), Jeannette Korten (GS) and Rowena Bright (SL) were individual discipline winners in the series giving them preferred starting positions and expenses in Europe. Bradley and Jeannette were the overall Men and Women's COC Champions.

The Alpine Division continued it's active participation in a number of FIS Committees and was represented at the FIS Calendar Conference in Portoroz (SLO) by Cliff Mason, Eric Henry and Otmar Dorfer. The benefits of this representation continue in increased quotas and support overseas.

Finally, we must pay tribute to the continued support and work of many volunteers and parents who assist at races and work on State and National committees. Without them, there would not be a program for our talented athletes.

9 Cross Country Tony Greville Chairman

The last twelve months have been busy on the cross country scene. The State cross country committees have all established development programs with State managers and coaches, from which a number of strong Club, State and national squads and teams have emerged.

That development is being assisted at a national level by Finn Marsland, who started as the Cross Country National High Performance Program Manager and National Coach in September 1999. Finn's appointment was made possible by a grant to SAL from the Australian Sports Commission. Following a series of submissions and discussions with the Australian Sports Commission (ASC), in May 1999 Skiing Australia’s National Cross Country Committee (SAXC) finalized a proposal for a long term development program that aimed to put some depth in the elite group of cross country skiers and to raise their level to the elite international level.

The ASC approved a grant of $17,000 in 1998/99 and $50,000 in 1999/00. While the funding is not guaranteed in future years the program is planned as an eight year program, from 1999 to 2006. The cross country contribution to the program in a full year i5 estimated at $80,000.

The program seeks to increase over the period of the program the number of skiers, both men and women, eligible to ski in World Cup races and able to ski competitively at the international elite level.

The ASC funding has also enabled the planning of an annual program of some 5 camps. Training camps included a pre-season testing camp at the AIS in Canberra, an early season on-snow camp at Mt Beauty and Falls Creek and a pre-northern trip testing camp.

The Australian Senior Championships were held on good snow at Mt Hotham in mid- August. The Junior Australian Championships were held at Perisher Valley in early September, the final day being raced on new snow after a night of rain.

SAXC conducted a successful Technical delegate course at Jindabyne and Perisher Valley in conjunction with the Junior Nationals. The course had 9 participants; 1 in Victoria, 1 in NSW and 7 from ACT. Planning has commenced for a FIS Level 3 TD course to be held after the Fl5 Congress in Melbourne in 2000.

The lack of cross country coach accreditation courses run by SAL this year has been a matter of concern but with hopefully with staffing now in place this will improve.

Strong senior and junior teams accompanied by coaches have trained and competed in North America and Europe during the season.

Tony Greville attended the FIS Cross Country Conference held in Milan 8-10 October.

10 Freestyle David Frydman Chairman

The SAL Freestyle Committee had a successful 1998/1999 period with some excellent competition results from National Team athletes. The top level of the sport has been well operated and managed by the Australian Institute of Winter Sport (AIWS) with good co- operation from the National Freestyle Skiing Committee and Skiing Australia (SAL).

The highlight of the international season was the World Cup Champion and World Champion Double achieved by Jacqui Cooper. In addition, Alise Camplin had an excellent first time performance at the World Championships. Alise finished in 7th place and had a career best score by 35 points. The defending World Champion, Kirstie Marshall did not compete during the international season due to a degenerative knee injury.

Adrian Costa was clearly Australia’s leading mogul skier. He was able to produce several top 5 finished on the World Cup circuit and just missed out on taking a World Cup medal.

The highlight of the domestic season was clearly the Mt Buller World Cup Aerial events held in September 1999. The competitions were originally scheduled for July 1999 but a warm early season forced a postponement to the 11th and 12th of September 1999. The weather was spectacular and the outcome could not have produced better results, with Australia’s own Jacqui Cooper winning both events. On the second day of competition Australia had a very good team result with Alise Camplin in 4th and rookie Kendall Taylor in 8th position. Both Alise and Kendall produced personal best World Cup results. The Freestyle Committee wishes to congratulate the Skiing Australia event staff and thank Mt Buller staff and the event sponsors for their support.

The development Mogul programs in Silverstar, Canada, and La Plagne, , attracted good attendance from a very strong group of junior athletes. The development programs overseas season proved to be superb, with the snow conditions being ideal for training.

SAL partnered the AIWS in sanctioning two talent identification and junior development skill camps for mogul skiing. Camp One was held during May in Whistler Canada, staffed by Head AIWS coach Steve Desovich. Camp 2 was held at Perisher Valley again staffed by Desovich during some very good Spring skiing conditions. The National Freestyle committee wishes to thank the AIWS and coaching staff for their efforts in this mogul development initiative as well as the very generous support of Perisher Blue, Mt Hotham and Mt Buller for these camps and Freestyle .

11 Australian Capital Territory Skiers Association Les Roberts

Another year has passed and this is a recap of some of the events of 1998/1999 financial year from the perspective of the ACT Ski Association.

The Annual General meeting was held on April 20 and all Board members standing for re-election were ratified for another two year term. The members of the Board are Les Roberts, Peter May, Kerri-Anne Pinkerton, Tony Greville, Leon Evans, Peter Dowling, Heimo Thaurer, Tim Morath and John Harris. This year Peter May stepped down as Chairman and has become Treasurer, following Leon Evans resignation from that position. Les Roberts is the new Chairman.

The annual Ski and Snowboard Expo & Sale was held on 14-15 May. This year we were given the opportunity to run the event at the Old Bus Depot Markets Building in Kingston and this proved to be an excellent venue. We greatly appreciated support from ski businesses and resorts who helped to make the sale/expo so successful—Belconnen Ski Inn, Intak Sports, Canberra Ski Centre, Snowskier’s Warehouse, Inski, Kinetix, Ski Kids Snowsports, Core Strategies, Tropic Snow, Thredbo Alpine Resort, Perisher Blue Resort and Selwyn Snowfields. These businesses and the resorts have indicated that they are enthusiastic about participating in a co-promotional approach to next year’s sale and we are anticipating a much expanded and interactive event in 2000.

The ACT Alpine Committee, in conjunction with Selwyn Snowfields, took up the challenge of running the first race in the ACT/ NSW Children’s Series on the weekend of July 24-25. Tim Corkhill, the Manager of Selwyn Snowfields, gave the total support of his mountain staff to ensure that artificial snow was made to supplement the early season thin natural cover. The resulting Slalom and races were a credit to the resort and the volunteer officials. Young place getters from the ACT Ski Association included Emma Wilson (Slalom-1st, GS-2nd,14 Girls), Cherry Stevens (Slalom & GS- 2nd,12 Girls), Greta Robinson (GS-3rd), Lucy Ainge (Slalom-2nd, GS-3rd) and Georgia Wilson (GS-2nd).

Further support was given to the Perisher Blue Race Department and the Thredbo Ski Racing Club from volunteers from within the Association in the running of alpine races at Perisher Blue and Thredbo. Our young skiers performed creditably with podium finishes in the children’s ranks during the season from Emma Wilson, Reine Roberts, Cherry Stevens, Greta Robinson, Lucy Ainge, Georgia Wilson, Hugh Stevens, Patrick Sweeney and Boen Ferguson, and in the junior/senior ranks: Jeannette Korten, Sarah Lunney, Shannon Clark, Jaime Lunney, Matthew Robertson, Bryce Stevens and Timothy Myers. On the basis of their results Emma Wilson and Patrick Sweeney have been selected into the Australian Children’s Alpine Team and will compete in the World Children’s Championships at Topolino, in February. Congratulations, Emma and Patrick!

More outstanding results came from Jeannette Korten this season. Jeannette was outright winner of the Australia New Zealand Continental Cup Giant Slalom and overall winner of the Continental Cup Series. She is now in Europe with the National Team training to compete on the Europa Cup and World Cup circuits during the northern winter.

12 Jeannette’s results were recognised at our Annual Awards Night held at the Ainslie Football Club on Friday 5 November when she accepted the award for1999 ACT Skier of the Year. Other award winners were:

ƒ Alpine Skier of the Year – Female: Sarah Lunney (Intervarsity Champion) ƒ Alpine Skier of the Year – Male: Patrick Sweeney (12 & Under Aust. GS & Slalom Champion) ƒ Cross Country Skier of the Year: Katie Calder (Australian Junior Champion) ƒ Coach of the Year: Tim Greville and Pip Daley (Coaches of the ACT Junior Cross Country Ski Team) ƒ Master’s Award: Heimo Thaurer ƒ Contribution to Skiing: Wally Wurm ƒ COCA COLA ACT Schools Snowports Trophy: Canberra Boys Grammar School

The evening was well supported by local retailers, many of whom donated equipment that was auctioned to raised funds for next year’s teams and programs.

The Balmain Cup 1999 The Balmain Cup, the longest running team ski race in Australia, was an event with a touch of difference this year. This year was the first to officially incorporate the skilful discipline of snowboarding, an amendment that projected a distinct effect on the overall results, not to mention the leg muscles of riding newcomer, Heiko Obermaier.

As we’ve come to expect during this race, bursts of strong wind and sporadic rain once again graced all three of the downhill courses. Clearly however, these conditions merely fuelled the determination of Brindabella high flyer, Jeannette Korten, who obtained a dazzling first place result in the slalom. Arriving within a second of Jeannette’s overall time were GSC’s Rupert Winkler and CAC’s Andrew McDonald, who arrived second and third respectively.

Tight results were yet another feature of the giant slalom. In this event, a victorious Rupert Winkler was hotly followed by Brindabella star, Arunas Silinis in second, and once again, young Andrew McDonald in third.

Sadly, by the time racers were strapped to their planks for the snowboard, heavy wind threatened to stop Blue Cow T-bar in its tracks. As a consequence, it was decided that the race would consist of only one run, nonetheless, competition was impressive. Jamie Pinkerton from Tate Ski Club came out on top, quickly trailed by the mysterious “A” Avers of Cooma Ski Club, and Ian Pitt of Jagungal.

All in all, each downhill event was enthusiastically scooped up by Brindabella Ski Club. Just ask team captain, Simon Jeffries, who bellowed their successes to the roof of Guthega Alpine Hotel during the presentation dinner, and as I’m sure, to many more sets of ears after the event.

The cross-country, held in the mid-afternoon, certainly did a lot to display the strength of team winners Cooma Ski Club. Aside from gaining second place, a feat reserved for Tim Greville of CAC, first, third and fourth places all went to Cooma.

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As announced that evening amidst a merry crowd of spruced-up racers, this year’s George Dudzinski award for individual performance in all events went to Adam Fitzhenry of Brindbella. A second wave of excitement emerged as the final team scores were announced as follows: Cooma Ski Club first, Brindabella Ski Club second, Tate Ski Club third, Guthega Ski Club fourth, Canberra Alpine Club fifth, and finally, Jagungal Ski Club, sixth. Jagungal, it should be mentioned, deserve special acknowledgment for the ‘great loser’ spirit they displayed by clanking their wooden spoons together at the announcement of yet another addition to the collection.

Thank you very much to all the teams, racers and officials for their participation and assistance, especially to Kerri Pinkerton, whose efforts were unsurpassed. I look forward to next year’s snow, sweat, and naturally, the ceremonial sloshing of the Balmain Cup of beer.

Cross Country Report During the 1999 season the ACT Cross Country Committee successfully conducted a Continental Cup Race at Perisher Valley in early August which also doubled as the ACT Senior Championships.

The ACT Junior coaches Tim Greville and Pip Daley were selected as the National Senior Squad Co-Coaches for the World Senior Championships held in Ramsau, Austria in February 1999.

ACT Juniors Katie Calder and David Colledge represented Australia at the World Junior Championships in Switzerland in January 1999 under the guidance of ACT coach Matt Murtagh.

At the Junior Nationals conducted at Perisher Valley in early September medals were won by Katie Calder (1st W18 and Overall Womens Champion), Amanda Harriott (2nd W16) and Sally Cunningham (1st WU14). Ranked skiers at the season end were - Katie 1st Junior Women and 3rd Senior, Christie Dowling 3rd Junior Women and 7th Senior Women, Leanne Laajoki 5th Senior Women.

Katie and Christie have been selected to represent Australia at the 2000 World Junior Championships in Slovakia in January 2000.

A combined Junior ACT/NSW Junior squad competed at the NZ Junior championships in September with podium finishes going to Katie Calder (1st W18 and Overall Junior Women’s Champion), Scott Cunningham (2nd M14), Sally Cunningham (1st WU14) and Lee Bottom (2nd WU12).

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New South Wales Ski Association Jim Sias

Different year, different challenges for the NSW Ski Association (NSWSA). As advances in technology and internet businesses have had a major impact on the world economy, so have these factors changed the operations of the NSWSA. In 1999 we continued the long process of developing a sports management software system to take the organisation into the next millenium. Office manager, Mr Phillip Bryant, invested hundreds of hours in the tasks of consultation, implementation and delivery of services with our systems designer, MidaSoft. Due to Phillip’s efforts, we now have a system on line that can handle membership registrations, post race results and generate a wide variety of reports. The software system was specifically designed for ski organisations.

On the Interschools front, 1999 was another year of growth in racer participation. In order to accommodate future growth in the southern half of our state, the Interschools’ committee is presently undertaking the task of restructuring its administrative structure and seeking increased membership from southern NSW. The Interschools’ committee is also negotiating the final details of the logistics for the events with the NSW ski resorts and will issue a press release and racer registration form as soon as those details are finalized. We look forward to another successful Interschools’ season.

The NSWSA has also been consulting with the National Parks and Wildlife Service as well as several other key stakeholder groups on the draft Environmental and Assessment Plan Manual to be implemented in the 2000 calendar year. Our association recently submitted a lengthy and detailed list of proposed changes and amendments to the manual and will continue to press for a regulatory scheme that will act to promote the interests of snow sports participants while also protecting the Koscuiszcko National Park (KNP). We would like to take this opportunity to make special mention of the Snowy River shire Council and SLOPES for their significant contribution to the overall effort of key stakeholders to preserve the KNP as a haven for snow sports.

Our athletes continue to have very good results both nationally and internationally. Camille Melvey continued her astonishing record skiing of national cross-country championships in 1999. She is presently competing in Europe where she has had some good results. In Alpine, Zali Steggall is currently working her way up the medallist’s podium in Europe and North America and hopes to bring some more world cup medals back to Australia. In snowboarding, Zeke Steggall has been on top of the world. He has scored two firsts and a third in his favorite event, boardercross, and is currently ranked number one in the world. There are many other NSW competitors who are pretty new to international competition but will undoubtedly be making a very good showing before too long. We wish them all great success in their future.

The NSWSA continued working with the NSW Institute of Sport, the Jindabyne Winter Academy and the Perisher and Thredbo Ski resorts in the joint effort to promote racer development in NSW. The appointment of Andrew Logan as the program coordinator has been an unqualified success for the snow sports athletes of NSW. We look forward to working with Andrew, Steve Gibb of the JWA and the fine professional staff of NSWIS in future years for the good of our sport.

15 Finally, to Skiing Australia, the Victorian Ski Association, the South Australian Skiers Association and the ACT Ski Association we extend our wishes for continued success and for heavy snowfall for the 2000 winter.

16 South Australian Skiers Association Graham Brown President

Again the lack of good snow last season left south Australian snow sport enthusiasts a little disappointed. The year did start with so much promise. Despite the poor season some of South Australian Skiers Association (SASKI) efforts were rewarded, particularly the 1999 Ski Sale/Show, held on the last weekend in May. A record profit was registered at the sale suggesting that there is still enthusiasm for holidays in the snow. Obviously SASKI is providing a service that the South Australian skiers and snowboarders find attractive. The emphases of the sale is on second-hand equipment as we are catering for the public who have no other effective avenue to move their used ski gear. A small amount of new gear is still offered to give the sale some depth. Over 2000 people passed through the door on the day of the sale, which represented quite a large contingent of South Australian skiers. With a captive audience of skiers and snowboarders, the event provides a great opportunity for snow related businesses to promote themselves. The ski sale forms the basis of SASKI's income for the year and profits are split between SASKI and Disabled Wintersports South Australia. SASKI has its own computer program dedicated to the sale that can track all goods received/sold on the day. This is certainly a big help reconciling stock and finances at the end of the sale.

During the 1999 season only one school took advantage of a small rebate offered to schools that have previously not taken an excursion to the snow. The rebate reduced the cost of lift and lesson to the students for two of the five day they were at Mt Hotham.

SASKI maintained the distribution of its newsletter to all SASKI members and will continue to do so in the foreseeable future. Unfortunately, cost considerations forced SASKI to drop the Ski Extra magazine that had been included as part of the member's package. It became apparent that unless membership fees were raised considerably to cover the extra costs imposed by this magazine, we would soon run out of financial reserves. To compensate for the loss of the magazine, the membership rates were reduced by approximately $9. A few people were unhappy with this move but I'm sure even more would have been unhappy with a $10 increase in fees for no extra benefit.

The South Australian Interschools Championships were a great success, although numbers were down on previous years. The Interschools Committee is looking at this event to see what improvements can be made in future years. Unfortunately we have only one window of opportunity to hold the Championships, viz in the second week of the South Australian schools July holidays. Therefore, the event must be organized in conjunction with the school's annual ski trip. This means that the lift and lesson package offered to schools must be attractive enough to entice schools to go there in the first place. Although not really part of the Interschools program, SASKI must be involvement in some part of this process.

SASKI holds its' general meetings on the second Wednesday of each month at the German Club, all members are welcome to attend particularly if they feel they have something to contribute.

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Promotional opportunities are limited in South Australia due to the apparent lack of interest in advertising from the resorts, and snow industry. However SASKI does carry out some promotion at the annual Warren Miller film and a few other appropriate venues. I believe it is important to be out there promoting snow-sports, even if there appears to be no membership spin off.

SASKI's financial position is quite sound at the moment and it is intended to increase promotion at the school level and first time skiers. These areas are, of course, where tomorrow’s skiers and snowboarders will come from.

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Skiing Victoria Joel Dixon Chairman

The 1999 year and snow season presented its fair share of challenges for both Skiing Victoria and snow sports in general in this State.

At a political level the momentum we had established with the relevant Ministers and their departments has somewhat stalled as a consequence of the change of Government late in the year. We have been actively attempting to establish constructive dialogue with the Departments of Natural Resources and the Departments of Sport with only Minister Madden responding in detail up to date. I think it is fair to say that any further development of alpine areas for downhill snow sports will be put on hold for the term of this Government. This approach has been characterized by the withdrawal of the area intended around Mt Mackay.

The ongoing programmes sponsored by the relevant departments have continued to be developed during 1999. The Yeti Programme, Camp Bigfoot and the Teachers Winter Games have once again provided opportunities for up to 1200 Victorians, who would otherwise have no access to snow sports, to enjoy snow sport activities. These programmes will continue to grow in 2000.

The Interschools competition, once again, was the major success story of 1999 with around 4000 competitors and another 4000 spectators and officials involved. This competition goes from strength to strength under the Chair of David Perkins. Skiing Victoria has thrown its support behind the Interschools and the Interschools in turn are supporting Skiing Victoria’s programmes present and projected.

Membership and membership benefits were the main focus of the early part of 1999 with the emphasis on providing an attractive package of discounts, goods and services to our member base. The membership benefits package will be bigger and better in 2000, the timing for release is in March.

1999 saw the NSW ski community face a tragedy with the loss of four snowboarders, this incident further enhanced Skiing Victoria’s resolve to promote safety in our Alps. Our Safety Chairman, lan Parfitt continues to steer strongly in this direction.

On a sad note Skiing Victoria saw the passing away of our secretary Brian Ferguson who after a giant fight against cancer died in November. He had been a cornerstone of this association and a significant figure in the Victorian Skiing community for a number of years. Brian will be sadly missed by all of us but his son Geoffrey is continuing his fine work.

Although this year has been a challenge for all at Skiing Victoria we feel that the mechanisms for success are now in place and look forward to representing all Victorian snow sport participants in 2000.

19 School SnowSports Development David Perkins Chairman

The highlight of the 1999 ski season for the School SnowSports Development Foundation was without doubt, the smiles on the faces of the thousands of young athletes who had the opportunity to participate in the SunSmart Victorian Interschools Ski Championships.

Entries were once again at record levels with 3,750 entrants competing in 52 separate events, covering the four disciplines of Alpine, Snowboarding, Freestyle and Cross Country. One of the most pleasing aspects of the entries was that 24 new schools entered teams in the competition for the first time. With the majority of these being Primary schools, the future looks assured for Australian snow sports as well as the Interschools.

The Interschools are conducted by the School SnowSports Development Foundation, an independent, non-profit organisation, affiliated with Skiing Australia, established to develop junior skiing and snowboarding and to ensure all Australian school children have the opportunity to participate in snow sports.

The School SnowSports Development Foundation recognizes the wonderful experience skiing can be for young people as a healthy sport and a family recreational activity they can enjoy for the rest of their lives. With this in mind the School SnowSports development Foundation has developed in addition to the Interschools Ski Championships, several other events and programs aimed at encouraging and supporting participation in snow sports at the school level.

The "Yeti" School Snow Sports Program provides financial support to schools that may not otherwise be able to initiate a snow sports program. Through assisting these schools to set up an ongoing program the "Yeti" program is able to ensure present and future students will have the same opportunities. The financial assistance is backed with educational support and assistance to ensure a safe and rewarding snow sports experience is had by all.

The "Camp Big Foot" Program is an initiative developed in co-operation with Education Victoria. The camp caters for individuals or small groups of students who wish to compete at the Victorian Interschools Ski Championships, but come from schools who do not have a snow sports program. The students are able to attend the Championships under the supervision of experienced Education Victoria staff.

The Interschools Challenge Series is the latest event to be developed by the School SnowSports Development Foundation and will provide schools and individuals with the opportunity to train and compete on a regular basis throughout the season.

All of these events and programs have been developed by the School SnowSports Development Foundation to be suitable for all participants, from novices to Australian Champions. The emphasis is always on participation and enjoyment.

20 The School SnowSports Development Foundation greatly appreciates the generosity of its many sponsors and supporters and acknowledges their contribution in assisting the Foundation achieve its objective of "providing opportunities for all Australian school students to experience snow sports and to participate at either a recreational or competitive level, at the lowest possible cost."

A special thank you also goes to all the volunteers, parents, teachers, ski coordinators and the schools who joined in the spirit of co-operation and assisted the School SnowSports Development Foundation conduct its events and programs in 1999, without their contribution the year would not have been the success it was.

Finally looking toward the new millenium, 2000 will see further innovations from the School SnowSports Development Foundation: ƒ A new service to be known as Snow Line will be launched. Snow Line is a "Help" service for schools wishing to organize trips to the snow. ƒ As already mentioned the Interschools Challenge Series will be launched at Mt Hotham and Falls Creek. ƒ We will host the Australian Interschools SnowSports Championships at Mt Hotham in September. ƒ For the first time, an Australian Interschools SnowSports Team will be announced and compete in an Invitational International Interschools SnowSports Championships. ƒ Several new events will be added to the program at the Victorian Interschools SnowSports Championships to be held at Mt Buller, including a Parents/Teachers Race, to be held under lights on Bourke Street (points not to count towards school total).

21 Optus Australian Ski Awards

Best Electronic Media Contribution to Skiing: Sportscom – The White circus Skiing Photograph of the Year: Bill Bachman Best Print Media Contribution to Skiing: The AGE Ski Magazine ’98 Best Ski Resort Development: Australian Alpine Institute Best Year Round Alpine Tourism: Mount Buller Resort Management Board Thredbo Alpine Resort Best Contribution to Ski Instructing: John Fahey Ski Patroller of the Year: Raoul Picot Ski Club of the Year: Southern Alps Ski Club Special Achievement Award: Coach of the Year: Helmut Spiegl Outstanding Service to Skiing: David Hosking Junior Skier of the Year: Bradley Wall Junior Skier of the Year, Alpine: Bradley Wall Junior Skier of the Year, Cross Country: Katie Calder Junior Skier of the Year, Snowboard: John Fletcher Junior Skier of the Year, Freestyle: Daniel Cookes Skier of the Year Zali Stegall & Jacqui Cooper Skier of the Year, Alpine: Zali Stegall Skier of the Year, Snowboard: Zeke Stegall Skier of the Year, Cross Country: Finn Marsland Skier of the Year, Freestyle: Jacqui Cooper

22 Financial Reports

DIRECTORS’ REPORT

Your directors submit the financial accounts of the company for the financial year ended 31st October 1999.

Directors The names of the directors in office at the date of this report are: Hugh Whan (Chairman) Andrew Evans Dean Gosper Suzi Graham Steve Loader Gary Plovanic Rod Read Shane Wood

Ex-officio members are: Geoffrey Henke, Chairman Australian Institute of Winter Sport Ian Chesterman, Chef de Mission, Winter Olympic Games

Principal Activities The principal activities of the company during the accounting period were administering the sport of skiing in Australia. No significant changes in the nature of these activities occurred during the financial year other than that mentioned under “Changes in State of Affairs”.

Operating Results The consolidated profit of the company for the period was $9099.75. No provision for income tax has been made, as the entity is exempt from income tax.

Dividends No dividends were paid during the accounting period, as the entity is not able to pay dividends under its Articles of Association.

Review and Results of Operations The operating profit for the financial year was principally due to a strong focus on income through corporate sponsorship. The performance in this area has been strong with the two most notable achievements being the Freestyle World Cup Aerials at Mt Buller and the Ski Awards Dinner.

The company has been able to meet its financial obligations to its creditors as at 31st October, 1999 and to the date of this report.

23 Changes in State of Affairs During the accounting period the School SnowSports Development Foundation Incorporated was established to assume responsibility for the management of the Victorian Interschools Ski Championships and related activities.

After Balance Date Events No other matters or circumstances have arisen since the end of the financial year which significantly affect the operations of the company, the results of those operations, or the state of affairs of the company in the financial year subsequent to the accounting period ended 31st October, 1999.

Likely Developments The company has commenced negotiations for the conduct of an Aerial World Cup event in August 2000. In addition to this the company is working to develop a Mogul World Cup event as well as extra events from which to generate supplementary corporate sponsorship income.

Director’s Benefits and Interests in Contracts No Director has received or become entitled to receive, during or since the accounting period, a benefit because of a contract made by the parent entity or the controlled entity, or a related body corporate with a Director, a firm of which a Director is a member or an entity in which a Director has a substantial financial interest, other than the following specific cases:

(i) Cambridge Consulting Services of which Hugh Whan is a Director, received fees totaling $5917 for the provision of recruitment services to Skiing Australia during the accounting period.

Indemnification and Insurance of Officers During the accounting period, the parent entity has paid premiums to insure each of the Directors and Officers of the parent entity against liabilities for costs and expenses incurred by them in defending any legal proceedings arising out of their conduct while acting in the capacity of Director or Officer of the parent entity, other than conduct involving a willful breach of duty. Further disclosure required under Section 309A(3) of the Corporations Law is prohibited under the terms of the contract.

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Information on Directors and Nominations to the Board

Andrew Evans ƒ Andrew was a member of the Australian World Cup Freestyle Team 1990 – 1995. ƒ He was Australian Champion in aerials 1990 and moguls 1991. ƒ Andrew was a Director of the freestyle skiing program at the Whiteman School Skiing Academy 1989 Colorado USA. ƒ Columnist for Ski Extra magazine since 1990. ƒ FIS freestyle technical delegate accreditation. ƒ Director, Skiing Australia 1997 – Present. ƒ Employed by Project Planning and Management Pty Ltd as Construction Project Manager. ƒ Tertiary education: Bachelor of Building Construction Management (with distinction) RMIT.

Andrew Evans has been nominated as the Athlete Representative to the Board

Dean Gosper ƒ Dean Gosper is a self-employed investor, having been educated and trained as a lawyer. He also holds a second degree, Bachelor of Economics. ƒ His commercial experience includes over 11 years in corporate banking, including eight years in a leading Investment Bank providing corporate and financial advice to major corporations ƒ Dean has five years experience in a high growth food manufacturing and marketing business alongside his business partner, Mr Fraser Hopkins, with whom he still works today. The food business, Latina Pasta, was joint ventured with and eventually sold to Pacific Dunlop Limited. ƒ In more recent years, completion of and investment in a number of successful property ventures. ƒ Dean Gosper’s civic involvements include a five-year role on the Board of the Austin Hospital, including two as President. His present roles include Board Member of Skiing Australia Limited, Methodist Ladies College and Chair of the MLC Foundation and Mt Buller Resort Management Board, Deputy Chair. ƒ Dean and his wife Liz enjoy good health and have an active family (including two daughters, Casey and Alice and son, Henry) with keen interest in many sports particularly skiing.

Dean Gosper has been nominated as the Skiing Victoria Representative to the Board.

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Suzie Graham ƒ Suzie Graham is Marketing Manager of the NSW Institute of Sport. ƒ Suzie has twenty years experience in the advertising and marketing industries in the areas of client management, media relationships, script writing and media production (print and electronic). ƒ She has worked with global and local advertising agencies in Australia, Hong Kong, New York and London, and as a freelance consultant. ƒ In 1991 Suzie brought her business skills and experience into sport, through the state and later the national snowsports federations. She was instrumental in the restructure of those organizations and in overseeing the planning required to maintain government funding and meet the challenges which face sports in the new millenium. ƒ At the NSW Institute of Sport, Suzie is responsible for the development and coordination of the Institute's marketing activities and events, and for the management and servicing of all NSWIS sponsors. ƒ Suzie is a Director of the NSW Ski Association.

Suzie Graham has been nominated as the NSW Ski Association Representative to the Board

Steve Loader ƒ Steve holds the Executive Position of Manager, Corporate and Sporting Sponsorships for Qantas Airways Limited. His role at Qantas deals with sponsorship of sporting federations, associations, events and athletes worldwide. His experience in this role over many years has provided extensive knowledge in dealing with a broad range of sports and events. ƒ Steve was appointed as Deputy Head of Delegation for the Australian Team to the 1999 Winter University Games in Slovakia. ƒ Steve has assisted in the preparations of the World Cup Freestyle event at Mt Buller for the past three years. ƒ He is on the Executive Committee for the FIS World Congress and recently took leave to attend the World Cup skiing finals in Bormio, Italy where contact was made with many International FIS Delegates who will be attending the FIS World Congress in Melbourne in May 2000. ƒ Steve represented NSW and Australia in Surf Lifesaving, Soccer and Canoe Polo. ƒ He holds a Bachelor of Business Degree. ƒ Steve has been a Director of Skiing Australia for the past 2 years and during this time he has endeavored to formalize negotiated agreements to provide a definitive base of costs and benefits to Skiing Australia Limited. He has also provided invaluable input into sponsorship negotiations and corporate support.

Steve Loader has been nominated and offers himself for re-election to the Board.

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Gary Plovanic ƒ Gary is an independent investor including interests in listed and private companies. ƒ He was Chairman and Chief Executive of a leading group of companies in the business of actuarial, investment and strategic consulting services until 1997. ƒ Gary has 25 years of experience in business management, development and directorship. ƒ Gary and his family are keenly involved in skiing Australia and overseas.

Gary Plovanic has been nominated and offers himself for re-election to the Board.

Rod Read ƒ ƒ Rod is the Chief Executive of Sports Marketing and Management Pty Ltd. ƒ He is a member of the Management Committee Thredbo Farm. ƒ His former roles include General Manager of Australian Sports Marketing, Sales Director Network Sport – Seven network, Tournament Director – ATP Tour, 1989 – 1997. ƒ Rod served as a Board member of Bathurst 1000 Event Management, 1993 – 1997. ƒ Rod and his wife Jan have three children Tomas, Tori and Michelle, all of whom enjoy recreational skiing as a family.

Shane Wood ƒ Shane Wood is Executive Director of the Olympic Games for Network Seven. ƒ He was appointed to his current position in 1997 after two years in the role of Corporate Development Director for Network Seven. ƒ After gaining admission to the Institute of Chartered Accountants in 1985 he spent three years in strategic planning with an American multi-national computer company. ƒ He then joined the Ten Network and over a period of seven years gained experience in the areas of planning, finance, production, operations and business affairs. ƒ Shane was General Manager of Ten’s Commonwealth Games operations in Victoria, Canada in 1994. ƒ His role at the Seven Network currently involves responsibility for the planning, logistics and marketing of Seven's Olympic franchise as well as representing the Network on the Board of Ski Australia Ltd. ƒ During Seven’s coverage of the 1996 Atlanta Summer Olympic Games and 1998 Nagano Winter Olympic Games Shane held the position of General Manager of the Network’s operations. ƒ Shane has also assumed responsibility for the establishment of Seven’s two new sports PAY-TV channels. Previously one of Seven’s representatives on the Board of SportsVision he now manages the development and implementation of C7 Sport.

27 Hugh Whan ƒ Hugh Whan is currently the Managing Director of Cambridge Consulting Services. Cambridge is an Australian owned Executive Search firm based in Melbourne, Sydney and New Zealand. ƒ Hugh has an extensive background in the Australian Ski industry, which allows him to understand the issues that confront all involved. ƒ Hugh has held the position of Chairman of Skiing Australia since July 1998 and prior to that was the Chairman of the Mount Buller Race Club for a number of years. ƒ Hugh’s experience in Executive Search, organizational change and organizational review is well acknowledged within Australian industry and he is well positioned to contribute to the sport.

Hugh Whan has been nominated and offers himself for re-election to the Board.

Directors Meetings The number of Directors’ meetings held since the publication of the 1999 Annual Report is 8. The number attended by each Director is indicated alongside their name in the table below. The number of meetings of committees of Directors held in the period that each Director held office during the accounting period and the number of meetings attended by each Director are:

Board Members Number eligible to attend Number attended

Andrew Evans 8 5 Dean Gosper 8 6 Suzie Graham 8 8 Steve Loader 8 5 Gary Plovanic 5 5 Rod Read 8 5 Andrew Sisson (to March 99) 3 3 Chris Solly (to September 99) 7 7 Hugh Whan 8 8 Shane Wood 8 5

Signed in accordance with a resolution of the Board of Directors.

DIRECTOR (Hugh Whan) ...... HUGH WHAN

DIRECTOR (Gary Plovanic) ...... GARY PLOVANIC

Dated this 30th day of March, 2000.

28 Balance Sheet as at 31 October 1999

Current Assets 1999 1998 Cash - $11,188 Receivables $156,790 $145,963 Sundry Receivables $22,500 - Total Current Assets $179,290 $157,151

Non Current Assets Office furniture & Equipment $4,693 $7,822 Leased Assets - - Total Leased Assets $24,778 $31,971 Total Non Current Assets $29,471 $39,793

Total Assets $208,761 $196,944

Current Liabilities Trade Creditors $92,435 $66,503 Other Creditors $56,277 $83,317 Bank Overdraft $236,285 $239,739 Lease Liability – Motor Vehicle $7320 $7320 Provision - Annual Leave $4,480 $15,598 Total Current Liabilities $396,797 $412,477

Non-Current Liabilities Lease Liability – Motor Vehicle $21,250 $25,526

Total Liabilities $418,047 $438,003

Net Assets ($209,286) ($241,059)

Equity Accumulated Profits/(Losses) ($209,286) ($241,059)

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Profit and Loss Account for the Accounting Period Ended 31 October, 1999

1999 1998 $ $

Operating Profit/(Loss) $31,773 (163,724)

Abnormal Items $0 $0

Extraordinary Items $0 ($18,735)

Income Tax attributable to operating $0 $0 profit

Net Profit/(Loss) $31,773 ($182,459)

Accumulated Losses at the beginning ($241,059) ($58,600) of the accounting period

Accumulated Profits/(Losses) at the ($209,286) ($241,059) end of the accounting period

30 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE ACCOUNTING PERIOD ENDED 31ST OCTOBER, 1999

1. Statement of Accounting Policies

These financial statements are a special purpose financial report prepared for use by the directors and members of the company, and to enable compliance with statutory requirements. The directors have determined that the company is not a reporting entity.

The financial statements have been prepared in accordance with applicable Accounting Standards and other mandatory professional reporting requirements (Urgent Issues Group Consensus Views) and the Corporations Law, except for:

AASB 1017- Related Party Disclosure AASB 1020- Accounting for Income Tax

In the opinion of the directors, compliance with the above standards would have placed an unreasonable burden upon the entity for a comparably minor benefit.

The following is a summary of the material accounting policies adopted by the company in the preparation of the financial statements.

(a) Income Tax. No income tax is payable by the company as all income derived is exempt under the provisions of Section 23(g) of the Income Tax Assessment Act.

(b) Comparative Figures. The comparative figures are for the twelve month accounting period ended on 31st October, 1998.

2. Particulars in Relation to Controlled Entities The controlled entity of Skiing Australia is the School SnowSports Development Foundation.

Name Contribution to Group Profit/(Loss) Holding (%) 1999 1998 $ $ Skiing Australia Ltd. - Parent Entity 31,773 (182,459) n/a

School SnowSport Development Foundation - Controlled Entity 7184 n/a 100%

Total $38,957 ($182,459)

The controlled entity, School SnowSports Development Foundation is incorporated in Australia and carries on business in Australia, and is audited by Heffernan Crawford and Partners. The controlled entity is a foundation and is controlled by virtue of its Articles of Association which provides for a majority of Directors’ voting rights to be vested in the Board of Directors of Skiing Australia Ltd. (the parent entity).

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3. Operating Profit The operating profit/(loss) for the accounting period was arrived at, after crediting:

1999 1998 $$

Interest Received 18 3,187

Less Depreciation of plant and equipment 10,322 6,603 Amortisation of leased assets 9,099 1,906 Interest Paid 22,923 11,455

$42,326 $16,777

4. Operating Revenue

1999 1998 $$

Government Grants 158,248 148,845 Other Grants 99,952 50,489 Sponsorship 426,760 209,610 Royalties 0 0 Affiliations 24,255 20,570 Donations 19,200 64,600 Subscriptions 12,090 54,425 Event Revenue/Entry Fees 41,852 103,734 Other 141,333 122,708

$923,690 $774,981

5. Members’ Guarantee The company is incorporated in Victoria and is limited by guarantee. If the company is wound up, the Articles of Association state that each member is required to contribute a maximum of $50 each towards meeting any outstanding obligations of the company.

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6. Notes to Statement of Cash Flows For the purposes of the statement of cash flows, cash includes cash on hand and in banks, at call deposits and investments in money market instruments. Cash at the end of the accounting period is shown in the balance sheets as:

1999 1998 $$

Cash on Hand 0 250 At Call Deposits 0 93,919

$0 $94,169

7. Leasing Commitments Finance Lease Commitments

1999 1998 $$

Payable not later than one year 7,320 7,320

Later than one year but not later than 2 years 7,320 7,320

Later than 2 years but not later than 5 years 13,930 18,206

Less Future Finance Charges 0 0

$28,570 $32,846 Total Lease Liability

8. Auditor’s Remuneration

1999 1998 $$

Amounts received or due and receivable by chief entity auditors for: auditing the accounts 2,900 3,651 other services 0 0

9. Industry and Geographical Segment Reporting

The company’s activities were the administration of the sport of skiing in Australia.

33 STATEMENT BY DIRECTORS

In the opinion of the Directors of the company:

1. The company is not a reporting entity and these accounts are Special Purpose Financial Reports.

2. (a) The accompanying Profit and Loss account gives a true and fair view of the profit of the company for the accounting period;

2. (b) The accompanying Balance Sheet gives a true and fair view of the state of affairs of the company as at the end of that accounting period; and

3. The accompanying consolidated accounts:

3. (a) have been made out in accordance with Divisions 4A and 4B of Part 3.6 of the Corporations Law; and

3. (b) give a true and fair view of the matters dealt with by those Divisions.

4. At the date of this statement, there are reasonable grounds to believe the company can meet its debts as and when they fall due.

This statement is made in accordance with a resolution of the Board of Directors and is signed for and on behalf of the directors by:

DIRECTOR (Hugh Whan) ...... HUGH WHAN

DIRECTOR (Gary Plovanic) ...... GARY PLOVANIC

Dated this 30th day of March, 2000.

34 INDEPENDENT AUDIT REPORT TO THE MEMBERS

Scope

I have audited the financial statements; being the Statement by Directors, Profit and Loss Account Balance Sheet, Statement of Cash Flows and notes to and forming part of the financial statements of Skiing Australia Limited for the accounting period ended 31st October, 1998. The financial statements include the accounts of the company and the entity that it controlled at the accounting period's end or from time to time during the accounting period. The Company's Directors are responsible for the financial statements. I have conducted an independent audit of these financial statements in order to express an opinion on them to the members of the company.

Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance as to whether the financial statements are free of material misstatements. Our procedures included examination on a test basis, of evidence supporting amounts and other disclosures in the financial statements, and the evaluation of accounting policies and significant accounting estimates. These procedures have been undertaken to form an opinion as to whether, in all material respects, the financial statements are presented fairly in accordance with Accounting Standards and other mandatory professional reporting requirements (Urgent Issues Group Consensus Views) and statutory requirements so as to present a view which is consistent with our understanding of the company's and company's financial position, the results of their operations and their cash flows.

The audit opinion expressed in this report has been formed on the above basis.

QUALIFICATION

Going concern basis

The parent company is dependent upon its ability to attract sufficient income in the form of grants, sponsorship and donations for its ongoing viability. Without such support, the parent company would be unable to continue as a going concern and it may be required to realize its assets other than in the normal course of business and at amounts different from those in the financial statements. In my opinion, knowledge of this uncertainty affecting the parent company's ability to continue as a going concern, is necessary for a proper understanding of the financial report.

35 Qualified Audit Opinion

In my opinion, except for the effects on the financial statements of the matter referred to in the qualification paragraph, the financial statement of Skiing Australia Limited are properly drawn up:

(a) so as to give a true and fair view of:

1 . the state of affairs as at 31st October 1999, and of the profit and cash flows for the accounting period ended on that date of the company and the company; and

2. the other matters required by Division 4, 4A and 413 of Part 3.6 of the Corporations Law to be dealt with in the financial statements;

(b) in accordance with the provisions of the Corporations Law and

(c) in accordance with applicable Accounting Standards and other mandatory professional reporting standards.

Humphreys Tobias and Associates 260 Auburn Road Hawthorn Vic 3122 30th April 2000

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