NATIONAL NATIONAL INSTITUTE OF CIRCUS ARTS ANNUAL REPORT INSTITUTE 2010 OF CIRCUS ARTS contents The National Institute of Circus Arts (NICA) is Australia’s Centre of Excellence in Contemporary Circus

Vision, Mission, Goals 5 From the Chair 7 From the Director 8 A Year of Highlights 10 NICA Team 12 NICA Spaces 14 Accredited Programs 16 2010 Performances 18 2010 Media 21 National & International 22 Engagement

Community Outreach 24 and Engagement

CircaNICA 26 NICA Graduates 28 NICA Supporters 30 Financial Statements 31

2. NICA Annual Report 2010 NICA Annual Report 2010 3. VISION Mission GOALS

VISION NICA will be an internationally renowned Australian Centre of Excellence in education, training and performance in contemporary circus.

mission Excellence NICA will foster passion, creativity and a high level of skill in its graduates, who will be recognised as inspiring circus artists. Innovation NICA will deliver innovative training programs to talented students, whose performances will re-imagine circus. Leadership NICA graduates and staff will take leadership roles in shaping the Australian circus arts industry.

GOALS −− Drive excellence to enhance the educational and vocational outcomes of our artists. −− Establish a strong regional, national and international presence. −− Engage actively with industry and the wider community. −− Build a robust and sustainable organisation.

4. NICA Annual Report 2010 NICA Annual Report 2010 5. Back home, NICA continued to respond to the demand for a range of educational and FROM training programs in circus arts. The institute implemented its reaccredited vocational programs, and introduced a secondary school THE stream in partnership with the Victorian College of the Arts Secondary School. These developments are both key educational CHAIR achievements for NICA, and will provide enhanced opportunities for talented youth to enter NICA earlier. It will also contribute to making NICA graduates world-competitive. NICA’s many performances received high praise from audiences, industry and media. The success of these productions is testament to the students, their teachers and trainers, and the It is my pleasure to present the 2010 Annual creative teams behind each show. Report for the National Institute of Circus Arts The achievements of the year can be attributed In concluding my time as Chair, I reflect with to a decade of hard work and planning, which great satisfaction on the achievements of the have seen the institute continue to provide its last ten years. I have watched NICA evolve from unique educational programs despite challenging a small project in an old industrial shed into financial times. what it is today: an award-winning organisation, in state-of-the-art facilities, with over 150 In 2010, the Board’s efforts were focused world-class graduates. It’s been a rewarding on ensuring the current and long-term decade, and I acknowledge everyone that has sustainability of NICA, pursuing funding at supported NICA during this time. a level that would guarantee its continued function as a Centre of Excellence. To this end, I express gratitude to my fellow Directors for the Board made a major funding submission to their support during 2010 and over the years. the Federal Government, supported by a report In particular, I acknowledge the contributions prepared by KPMG. of Professor Ian Young, Vice-Chancellor of Swinburne University of Technology, and The Board explored a range of funding avenues, wish him well in his new appointment. I also looking to forge new partnerships and grow thank David Loader, retiring Director, for his the organisation’s supporter base. As a case in contributions during his time on the Board. point, the Champagne Circus Showcase provided a unique opportunity to introduce new faces I would like to thank NICA’s key stakeholders, to NICA during an evening of fundraising and primarily the Federal Government, which has delightful performances. demonstrated its commitment to training young circus artists through its Cultural Development In keeping with its commitment to national Program. I also acknowledge the importance and international circus communities, of the partnership with Swinburne University NICA participated in various festivals and of Technology, which provides NICA with conferences, both locally and abroad. A funding support for its VET programs, academic highlight was Director Pamela Creed and Head governance, and other inkind contributions. of Circus Lu Guang Rong being invited guests of the Wuhan International Acrobatic Arts On behalf of the Board I congratulate Pamela Festival in China, where they contributed to the Creed on a momentous decade as Director and International Circus School Forum. CEO of this unique organisation. I congratulate the students and staff for their achievements and ongoing dedication. I wish NICA every success in its future endeavours, and look forward to seeing it grow and flourish over the next ten years. Mr Darvell Hutchinson AM Chair

6. NICA Annual Report 2010 NICA Annual Report 2010 7. artist invited to perform with Le Grand Cirque in Melbourne this year. FROM Meanwhile, our students once again dazzled in our annual performance program, and it was satisfying to see our audiences continue to grow. THE Both third year student shows – Veritas and the 2010 Circus Showcase – drew sell-out crowds, director and were accompanied by strong reviews. The Champagne Circus Showcase was a particularly special fundraising event. I thank those who donated to NICA to support our 10th Birthday activities. NICA maintained its commitment to various outreach programs during the year. In partnership with Cirque du Soleil, we conducted I am pleased to reflect and report on another intensive workshops for social circus instructors year of excellence at NICA. It was one in which in Melbourne, Singapore and Cape Town. With the we continued to hone our educational programs City of Stonnington, we conducted workshops for and enhance our reputation, maintaining the local Indigenous and disadvantaged youth, and strength of our performance program and in Sydney, we participated in Heads Up, the first continued to see our graduates excel. Indigenous Circus Conference. Our community Significantly, 2010 saw the implementation of youth performance troupe, Circus Star, was the new vocational curriculum. The result of further enhanced by a grant from the Windsor much staff input and review, it truly is a world Community Bank branch of the Bendigo Bank to class training program and compares favourably purchase new equipment and costumes. to other international programs. NICA’s community and open programs progressed NICA introduced a Certificate III in Circus Arts, unabated, and rocked the building every day, night in partnership with the VCA Secondary School, and weekend. It was – and is – amazing to see and accredited a Certificate IV in Circus Arts, to approximately 300 people come through the space be implemented in 2011. These programs align on a weekly basis. Over 140 children, teenagers NICA with other arts training institutes and and adults performed in the community showcase, overseas circus schools, allowing students to the NICA Magical Mystery Tour in December. engage in professional training sooner, and to At the end of a demanding year, I cannot thank receive focused, specialist training for longer. the teachers and staff of NICA enough for Overseas, NICA’s impact was felt both as an their ongoing hard work. Their dedication to organisation and through the exploits of its the students, the discipline of their teaching graduate artists. The Head of Circus Studies, Lu program, their artistic talent infused in the Guang Rong, and I were guests of the Wuhan productions: all this is key to NICA’s success “Graduates’ faces beamed from billboards International Acrobatic Arts Festival, where as a national Centre of Excellence. in the London and Paris undergrounds, we presented on Contemporary Circus Arts in advertising shows and tours with their I thank the Board for its continued support Australia. NICA also attended, upon invitation, own small companies. There’s a great and wish the retiring Directors well. both the Paris and Budapest circus festivals, pleasure in knowing our students go on I especially acknowledge the Chair, Mr Darvell and contributed to the FEDEC workshops in to populate high-profile companies, but Hutchinson AM, who has shared his wisdom and Paris and Auch. there’s a particular thrill in seeing them enthusiasm over the ten years. His outstanding perform internationally and participate While in Auch, we also had the good fortune to commitment to NICA, including his leadership in festivals around the world.” witness a number of recent alumni performing since 2008, has been invaluable in shaping with Brisbane company Circa on their European and guiding the organisation through its first Pamela Creed tour. At the same time, graduate Julian decade, and leaves it in a strong position to Aldag competed at the Latina International embark on its second. Circus Festival in Italy, receiving a Cirque du Pamela Creed Soleil award for innovative artistic vision and Director & CEO performance. He was also the only Australian

8. NICA Annual Report 2010 NICA Annual Report 2010 9. In 2010, NICA continued to evolve and enhance Throughout the year, NICA attended festivals its activities across education, training and and conferences around the world, contributed A YEAR OF performance. The Certificate III in Circus to forums on contemporary circus and creative Arts was introduced, and the institute’s research, and maintained its commitment to performances received both good reviews community development. All final year students HIGHLIGHTS and solid audiences. proceeded to graduation, and graduates received awards, capitalised on opportunities and advanced circus arts the world over.

January April July October November December NICA’s Summer Holiday Program To celebrate World Circus Day, NICA gains accreditation for the Sponsored by the City of NICA attends the Wuhan Final year students perform their caters to 99 children, teenagers staff and students attempt to beat Certificate IV in Circus Arts. Stonnington, NICA conducts a International Acrobatic Arts solo and duo graduating acts in and adults. the record for the longest wall ten-week series of workshops Festival, China, participating in the the 2010 Circus Showcase, directed NICA implements the reaccredited of handstands and create a giant for disadvantaged and at-risk International Circus School Forum. by Megan Jones. The season sets Staff represent NICA at the Paris Diploma and Advanced Diploma of human pyramid. participants of the Prahran a new record for NICA, attracting and Budapest circus festivals. Circus Arts. In partnership with Cirque du Adventure Playground. 4,200 audience members and Soleil, NICA conducts Social Circus NICA participates in the NICA conducts a week-long selling out each performance. May NICA participates in FEDEC Instructor Training in Melbourne for professional development national pre-audition workshop workshops and meetings at the 22 participants from Australia, New The Champagne Circus Showcase workshops of the European The annual Cabaret Vertigo season for 43 participants from Australia, Circle Festival, Auch, France, Zealand, Singapore and Vanuatu. launches NICA’s 10th anniversary Federation of Professional Circus showcased the talents of CircaNICA New Zealand and Brazil. The where several graduates perform plans and raises funds for Schools (FEDEC) in Paris. artists, NICA students and industry workshop prepares attendees NICA’s health team presents with Australian company Circa. scholarships, special initiatives, professionals. Directed by Stephen for auditions in September, and research at the International Arts NICA introduces the Certificate III disadvantaged and Indigenous Burton, the shows drew a total assists NICA with early talent Graduate Julian Aldag receives a and Health Conference at the in Circus Arts, in partnership with youth projects. audience of 800. identification. Cirque du Soleil award for innovative University of Melbourne. the Victorian College of the Arts artistic vision and performance at NICA hosts workshops for Secondary School, enrolling 15 NICA participates in the Heads Up, Alex Talamo directs the NICA the 12th Latina International Circus members of the Western students. June 2010 – Indigenous and Social Circus Magical Mystery Tour, a show- Festival, Italy. Australian Circus School. Conference in Sydney. case of 147 performers from the Second year students perform NICA receives a grant from children’s and teen’s classes of the Graduate Julian Aldag performs with February We All Fall Down, a new ensemble NICA conducts workshops for the Windsor Community Bank Community Circus program, which Le Grand Cirque in the company’s work directed by Debra Batton. the Wannik Dance Academy, Out of 25 circus productions at branch of the Bendigo Bank to plays to a full house. inaugural visit to Melbourne. The performance attracts large comprising 60 young Indigenous the Adelaide Fringe Festival, ten purchase circus equipment for audience numbers and is a huge women from regional Victoria. A NICA staff member attends the CircaNICA continues to establish are created by – or feature – NICA the Community Circus program’s hit with families. International Masterclass and nurture industry links as part graduate artists. NICA’s Winter Holiday Program is performance troupe, Circus Star. for Social Circus Instructors of NICA’s commitment to securing In partnership with Cirque du held for 54 children and teenagers. In partnership with Cirque du in Montreal. employment for graduates and by Soleil, NICA works on a series of March Soleil, NICA conducts Social Circus the end of December secures 149 programs in Singapore between September Instructor Training in Cape Town contracts for its artists. Final year students perform June and August. NICA staff for 25 participants. Veritas, directed by Holly Rollins. assist with the Singapore Youth Three graduate artists feature in The new ensemble work receives Olympic Games and run Social Smoke & Mirrors, which receives critical acclaim and international Circus Instructor Training for 24 a Helpmann Award for Best New media coverage. participants. Australian Work.

Circus of Spin plays for two Finding Your Feet, an ensemble weeks at Melbourne Museum’s studio presentation by first year Scienceworks, as part of its school and Certificate III students, is holidays children’s activities. performed for family and friends.

Auditions for entry into the 2011 Bachelor of Circus Arts are held in Melbourne, Sydney and Brisbane.

10. NICA Annual Report 2010 NICA Annual Report 2010 11. Advanced Diploma James Brown Staff Development Coordinator Tegan Carmichael At the International Arts and Health Staff undertake regular training to maintain Vasily Ivanov Gang Cheng Conference at the University of Melbourne, NICA and update their skills, while many are also Certificate III Coordinator Melanie Crowe Dr David Munro presented findings of engaged in further education. NICA supports Meredith Kitchen Vaughan Curtis research he conducted at NICA, detailing its employees with professional development Venue & Production Sean Kempton injury patterns, incidence rates and TEAM opportunities wherever possible. In 2010: Operations Manager Aurora Kurth recovery strategies. It is only the second Nic Barclay Ben Lewis −− All staff received annual training in paper of its kind to be published in this Marko Mykyta (from October) Jacqui Louder First Aid Level 2 and a CPR Refresher field. At the same conference Pam Creed Executive Assistant Rosalind Mackay −− Twelve completed the Certificate IV in Training presented on NICA’s work with Australian Emily O’Connor Leigh Marning and Assessment and International communities in the area CircaNICA Manager Mozes Mozes −− Four undertook ‘Advanced Facilitation Skills of Social Circus. Kate Priddle Michaela O’Connor and Coaching for Excellence’ mentor training NICA boasts some of the world’s Rebecca Bode (from October) Amy MacPherson −− Eight completed the Advanced Diploma of finest circus and performance Marketing Executive Dr David Munro Circus Arts practitioners, hailing from Maria Rizzo Felicia O’Brien −− Two commenced the Graduate Certificate in NICA Volunteers Argentina, Australia, Canada, Short Course Daniel Power Learning and Teaching (Higher Education) China, England, France and Each year NICA students, staff and graduates Coordinator Leon Radchenko −− One completed the International Coaching Russia. They provide students donate hundreds of hours to community events Scott Hone Ruby Rowat Course on German Wheel in Germany with a grounding in the world’s and causes. At the Foodies & Fashionistas lunch, Finance Officer Isaac Saleh −− One attended the International Masterclass for traditional and contemporary for example, three students entertained over Fazal Mansook Aaron Walker Social Circus Instructors in Montreal circus styles, and inspire them to 100 guests between sumptuous courses and Student −− One is continuing a Masters of Education excel in and innovate their craft. showcases of local designers. Administration Officer −− One completed the Australian Federation Together with the institute’s Technical Elizabeth Louden of Sports Coaching Associations – Level Staff and students also give their time to Front dedicated teams of production, Staff Administrative Assistant 2 Coaching (Advanced Strength and of House duties – box office, bar, ushering – health and administration Leisa Hill Production Manager Conditioning) course for NICA’s performance seasons. professionals, they produce a Megan Elder (from October) Wayne Appleton −− One completed Producer’s Development unique educational experience Rigger Training through the Live Performance for NICA’s students. placements 2010 Teaching & Margot Storm Association −− One completed Committee Servicing Training Training Staff Work experience students 13 Board Health & Injury through ATEM Stephen Burton −− Some staff completed a Masterclass with Work experience hours 358 Chair Prevention Team Qi Jin Cui theatre and clowning veteran Ira Seidenstein Mr Darvell Hutchinson AM Marketing interns 7 Mathew Daniels Sports Medical Practitioner −− Some staff undertook English language classes Directors Liudmila Druzhina Dr Kathy Yu Marketing intern hours 240 Ms Linda Brown Helene Embling Head Physiotherapist Mr Andrew Guild CONFERENCES, PRESENTATIONS, FORUMS Front of house 52 Arturo Gomez Dr David Munro The Hon Rod Kemp volunteers (students) Konstantin Ibraguimov Sports Psychologist NICA staff continued to participate in a number of Mr David Loader Vasily Ivanov Jacqui Louder industry and educational forums and conferences Front of house volunteers (staff) 7 Mr Ross Mollison Megan Jones Physiotherapists each year, and are encouraged to attend events Ms Kate Shelmerdine Front of house 708 Meredith Kitchen Penny Dayan to further their knowledge of contemporary Prof Ian Young volunteer hours Kathryn Niesche Sam Peasnell performance. In 2010, staff members made Andrea Ousley Strength & presentations and attended the following: Total 79 1306 Executive & Misha Reale (to July) Conditioning Coach −− Wuhan International Acrobatic Administration Lu Rong Annie Alderson Arts Festival, China Work experience students participated in circus Ludwig Schukin Myotherapists Director & CEO −− Paris Circus Festival, France classes and assisted with administration, some Earl Shatford Southern School Pamela Creed −− International Circus Festival of going on to enrol in accredited courses at NICA Julian Wisdom of Natural Therapies General Manager Budapest, Hungary in 2011. Marketing interns contributed to all Jing Jing Xue Ragn Hannah −− FEDEC workshops, Paris and Auch, France campaigns throughout the year, and received Head of Circus Studies Visiting Artists −− Circle Festival, Auch, France one-on-one mentoring from the Marketing Lu Guang Rong Sessional −− Latina International Circus Festival, Italy Executive. The estimated cost saving to NICA Director – Veritas Head of Performance Teachers & Trainers −− Adelaide Festival of Arts from the marketing interns was $4,320. Holly Rollins Studies & Bachelor Year −− Melbourne International Arts Festival Jens Altheimer Director – We All Fall Down Coordinator −− Heads Up, 2010 – Indigenous and Lincoln Barros Debra Batton Megan Jones Social Circus Conference, Sydney Dr Kim Baston −− Our Sporting Future 2010 conference, Gold Coast

12. NICA Annual Report 2010 NICA Annual Report 2010 13. NICA SPACES

“Melburnians are extremely lucky – and should be very proud – to have the National Institute of Circus Arts (the only institution of its kind in Australia) quietly camouflaged behind Chapel Street’s coffee-culture.” Ian Nisbet, Stage Whispers, 29th March 2010

NICA has two award-winning facilities on the Prahran campus of Swinburne University of Technology in Melbourne. The first is the Sidney Myer Circus Studio, housed within the State Training Centre, a building shared with Gymnastics Victoria. Bates Smart won the AISC Victorian Metal Building Award for the design in 2002. The second is the NICA National Circus Centre, for which Cox Architects & Planners won the best Architectural Steel Design for a Large Project at the Victorian and Tasmanian State Architectural Steel Industry Awards in 2008.

14. NICA Annual Report 2010 NICA Annual Report 2010 15. bachelor of Circus Arts Auditions Student Support & HEALTH TEAM The Bachelor of Circus Arts is a nested Students enter the Bachelor program through NICA offers a range of support services to accredited vocational degree incorporating the Diploma and a rigorous audition process aimed at identifying its students, in addition to those provided by Advanced Diploma of Circus Arts. It provides an talent and potential. In July, a week-long pre- Swinburne. These include a Health and Injury innovative curriculum, nurturing Australia’s next audition workshop was held at NICA for 43 Prevention Team that provides physiotherapy, programs contemporary circus artists. young people, including three internationals myotherapy and comprises of a fitness and (two from New Zealand, one from Brazil). The conditioning coach, sports doctor, sports Of NICA’s 84 students, nine were international, workshops made use of trainers’ expertise psychologist and dietician. NICA offers student hailing from the USA and Japan. to prepare participants for the auditions in liaison support and conducts an orientation September, and assisted NICA with early talent camp as well as ongoing NICA student activities. Student intake identification. Auditions were then held in With students in training up to 35 hours Melbourne, Sydney and Brisbane. International per week, these support mechanisms are January 2010 applicants auditioned via DVD. paramount to their overall health and wellbeing. Certificate III in Circus Arts 15 Diploma of Circus Arts (1st year) 28 Certificate III in Circus Arts Student Awards In 2010, NICA continued to respond to Advanced Diploma of Circus Arts (2nd year) 22 In partnership with the Victorian College of the Circus Fans of Australasia Awards demands for a range of education and training Arts Secondary School, 15 talented students These awards recognise two of Australia’s options in circus arts. This year’s milestones Bachelor of Circus Arts (3rd year) 19 enrolled in, and completed, the new Certificate historical and inspirational circus artists, May were the introduction of a new course – the Total 84 III in Circus Arts course. This represented a 22% Wirth and Con Colleano. Instigated and supported Certificate III in Circus Arts – the successful increase in NICA’s student population. by Robin Brampton and the Circus Fans of completion of an educational audit, and the Australasia, the awards are presented to the top reaccreditation of the school’s core programs. Graduates male and female students in the Diploma year. NICA’s accredited programs are under the Certificate III in Circus Arts student, All 19 third year students graduated from academic governance of Swinburne University Liam DeJong, won a gold medal at May Wirth Award the Bachelor of Circus Arts. The graduation of Technology. All tuition is conducted at NICA, the National Acrobatic Gymnastics Josie Wardrope ceremony featured guest speaker Kirstie on Swinburne’s Prahran campus. Championships in Adelaide in October. Marshall, World Cup gold medallist and Con Colleano Award NICA remains the only institute in Australia Victorian politician. Thomas Swords to offer the Bachelor of Circus Arts. By the end of the 2010 Circus Showcase season, half of the graduating students were in Quality Assurance Absolute Physiotherapy Award employment negotiations. Within six months they Awarded to the top student in In November, NICA participated in an intensive found themselves contract and full-time work Anatomy and Physiology. educational audit of its Advanced Diploma with a variety of prestigious employers, such as: Jing Wong course. Swinburne University’s auditors congratulated NICA on the vast improvement −− Adelaide Fringe Festival NICA Achievement Award in the documentation compliance around its −− Chamaleon Theatre, Berlin Awarded for the pursuit of excellence. program delivery, a reflection of the hard work −− Circa Simon Reynolds put in by staff. −− Cirque du Soleil −− Equinox – Retina Productions −− Entertainment Store Accreditation ARTATE −− Monash University “I had to remind After extensive review and re-writing, the NICA remained an active and contributing −− National Folk Festival, Canberra Institute’s Diploma and Advanced Diploma member of the Australian Roundtable myself these were still −− Perry Bros Circus courses were re-accredited for a period of five for Arts Training Excellence (ARTATE), −− Red Bennies performers in training, years, from 1 July 2009 to 30 June 2014. All a network of CEOs and Directors of the −− Southern Edge Arts eligible students were transferred to the re- National Arts Training Institutes. uni students despite the −− Swinburne University of Technology accredited courses for Semester 2, 2010. The −− Tasmanian Circus Festival remarkable pedigree new Certificate III in Circus Arts was accredited −− Woodford Folk Festival and eligible students were transferred mid-year. they’ve already brought −− You Are Here Festival, Canberra to NICA.” NICA also accredited a Certificate IV in Circus Arts, which will be introduced in 2011. Fiona Mackrell, ArtsHub, 16th June 2010 NICA has previous accreditation for a Graduate Certificate in Social Circus.

16. NICA Annual Report 2010 NICA Annual Report 2010 17. 2010 PERFORMAnceS

Veritas was directed by Holly Rollins and performed by an veritas ensemble cast of third year students. 23 – 31 mARCH Taking its name from the Latin for truth, Veritas charted an aerial NICA National journey of exploration and discovery. Integrating film and visual projection with high-energy performance, the show exquisitely Circus Centre portrayed the interior landscapes of its characters. Veritas was well-received and positively reviewed, selling out several nights of its season. Images of the show appeared in media across the world, including BBC News and India Times Online. The production demonstrated the diverse skills of the performers, and provided them an opportunity to work with international circus performer and director Holly Rollins. Rollins is a former Cirque du Soleil aerialist with a Master of Arts Education from Harvard University. Audience numbers: 2,250

We All Fall Down was directed by Debra Batton and performed by WE ALL an ensemble cast of second year students. FALL DOWN Inspired by the creativity, courage and resilience of children, We 15 – 26 June All Fall Down was a magic carpet ride out of the ordinary and into make-believe. Transforming a child’s bedroom into a fantastic NICA National world of living objects, the show thrived on its exploration of Circus Centre memory and imagination. We All Fall Down was particularly popular with young audiences, and sold out the final week of its season. Opening night attracted a number of high-profile guests. The creative team included Guest Director Debra Batton, former Artistic Director of Legs on “The circus artists in the the Wall, and Chris Lewis, former Musical Director of Circus Oz. 2010 NICA Showcase once Audience numbers: 2,556 again test the limits of physical strength and 2010 CIRCUS The 2010 Circus Showcase was directed by Megan Jones and featured endurance and present SHOWCASE solo and duo performances by third year graduating students. jaw-dropping feats of 1 – 11 December Presenting an unforgettable experience of circus-on-the-edge, the sublime beauty.” annual showcase season impressed industry and audiences alike. NICA National Each year, it is opportunity for the graduating students to develop and present acts in their specialties, a demonstration of their Travis de Jonk, Same Same, 9th December 2010 Circus Centre creative, technical and physical talents. Three years of intensive training and study culminate in these performances, providing a glimpse into future careers. All performances sold out. Audience numbers: 4,200

18. NICA Annual Report 2010 NICA Annual Report 2010 19. “There’s no shortage Media Statistics 2010 2010 Print 134 of gasp-inducing, TV 5 air-bound activity MEDIA Radio 42 and punchy tumbling.” Online 173 Total 354 Stephanie Glickman, Herald Sun, 6th December 2010

NICA garnered more than twice as many online mentions than in 2009. Of the 148 appearances on Australian sites, notable coverage included The Age, Stage Whispers, ArtsHub, Australian Stage NICA received significant coverage across print, Online, ABC TV News and Herald Sun. broadcast and online media in 2010. The institute’s education and community programs generated regular media interest, while its performances continued to draw the attention of journalists Television around the world. And as a growing number of graduates tour, win awards and carve out careers, NICA made a key television appearance on NICA maintains a strong presence in the national Stateline (ABC TV) in a story about the growing and, increasingly, international media. popularity of circus, with footage of NICA’s pre-audition workshop and an interview with While national print and television coverage was Director and CEO Pam Creed. On another slightly down on previous years, overall media occasion, ABC TV broadcast footage of students mentions and appearances were up 16%. NICA’s engaged in hoop diving, tissu and acrobatics as total media coverage has grown by 27% over the the news bulletin closer. last 2 years.

International Print and Online 8% Radio National Print - 42% 1% Journals and Magazines The number of radio appearances grew 16% National Print - Newspapers healthily, with interviews on many local

Local Print - Victoria Melbourne stations and ABC Radio across the country. The Hack program (triple J) broadcast Local Print - Other States a feature on young people pursuing circus

Television careers, interviewing NICA applicants, their 16% parents, and trainer Mathew Daniels. Radio 12% 1% 4% Online Print NICA made appearances in the major daily newspapers of most states and territories, with BBC News, CNN Online, Getty Images, prominent coverage in The Age and Herald Sun, India Times Online. These are just some as well as Melbourne’s community papers. of the international outlets to feature Features were also in mX, The Australian NICA during the year. In print and on the Financial Review, Courier Mail, The Sunday web, NICA received coverage in the United Canberra Times, The Advertiser, The Weekend States, Germany, Malaysia, South Africa, Australian and The West Australian. the United Kingdom, India and Monaco.

20. NICA Annual Report 2010 NICA Annual Report 2010 21. “Dance, acrobatics, Cirque du Soleil partnership strength, theatre, comedy, NATIONAL & Singapore gymnastics… all warped NICA’s Social Circus Instructor Andrea Ousley worked in Singapore from June to August as into one fabulous and INTERNATIONAL part of NICA’s International training partnership unique body of art.” with Cirque du Soleil and their ‘Cirque du Monde’ project. She worked with more than 15 schools, Gordana Andjelic-Davila, ArtsHub, ENGAGEMENT youth groups and juvenile justice organisations for 6th December 2010 the inaugural Singapore Youth Olympic Games. She also ran a Social Circus Instruction Training Heads Up, 2010 - Sydney workshop for 24 Social Circus instructors. NICA participated in the Heads Up, 2010 – Indigenous and Social Cape Town, South Africa Circus Conference at CarriageWorks in Sydney, discussing the NICA instructor Andrea Ousley ran a Social Circus barriers to Indigenous youth entering circus training and careers. Instructors Training workshop, co-sponsored by NICA and Cirque du Monde, at Zip Zap Circus in NICA plays an important role in the Christchurch Polytechnic Institute of Technology (CPIT) Cape Town. It was attended by 25 participants. international circus community. – New Zealand As the pre-eminent circus training institute Montreal, Canada Representatives of CPIT’s Faculty of Creative Industries visited in Australia, its contributions to the global NICA participated in the International NICA to discuss facilities and courses. After running a TAFE network of circus schools, companies and Masterclass for Social Circus Instructors in circus program for a 15 years, CPIT is redeveloping its facilities events are encouraged and appreciated. In 2010, Montreal, conducted by Cirque du Soleil. to introduce a Bachelor of Performing Arts (Circus and Physical staff represented the school at international Melbourne, Australia Theatre) in 2011. festivals and conferences, made connections NICA co-presented a week-long Social Circus with overseas employers, and established links Instructors training program that was attended between Australia and the world. Meanwhile, International Arts and Health Conference – Australia by 22 participants from around Australia, New graduating students and alumni made NICA Zealand, Singapore and Vanuatu. The training is NICA Head Physiotherapist and Lecturer Dr David Munro presented proud as they toured, performed and won the co-sponsored by NICA and Cirque du Monde. findings of injury research he conducted at NICA. It is only the artform’s most prestigious accolades. second paper of its kind to be published in this field. At the same Budapest and Paris Circus Festivals – conference Pam Creed presented on NICA’s work with Australian Wuhan International Acrobatic Arts and International communities in the area of Social Circus. Festival – China Hungary, France

Director Pam Creed attended the Budapest Director Pam Creed and Head of Circus Studies, Graduate Achievements Abroad and Paris circus festivals and took part in their Lu Guang Rong were guests of the festival, respective seminar programs in January. With Circa – Europe participating in the International Circus School many international employers in attendance, A number of graduates performed with Circa’s touring shows at the Forum and presenting an overview of the NICA received numerous invitations to send acts Circle Festival in Auch, France, and across Europe and Australia. Australian Contemporary Circus Environment to various festivals. NICA was invited to contribute artists to the 2011 Circle Festival. and NICA’s training. Lu Guang Rong also travelled to Shanghai to attend meetings. Latina International Circus Festival – Italy ThisSideUp – Europe Beijing Arts Research Institute – China Graduate artist Julian Aldag received a Cirque du Soleil award Graduate company ThisSideUp for innovative artistic vision and performance at the 12th Latina Acrobatics performed in the European Federation of Professional Cathy (Hong) Zhou, Senior Researcher at the International Circus Festival. UK – predominantly at the Circus Schools (FEDEC) – France Beijing Arts Research Institute, completed Southbank Festival in London research comparing circus education in China Circus Oz – USA, Australia NICA attended the January FEDEC meetings in and the Edinburgh Fringe – with and Australia. Her findings were published Graduates toured with the Circus Oz show See it to Believe It, Paris, participating in working parties on staff additional shows in Spain and in a paper contrasting NICA with the Beijing performing nationally and internationally. development, and student and teacher exchanges France. The troupe received rave Acrobatics School, and detailed in a series of between the Federation’s schools. NICA also Brisbane Festival – Australia reviews in the London Evening articles for Chinese circus journals. participated in the October workshops and Six graduate artists performed in the world premiere of Standard and The Guardian. meetings at the Circle Festival in Auch, France. Stalker Theatre Company’s Shanghai Lady Killer at the Montreal International Circus International Coaching Course – Germany Brisbane Festival, presented in association with Melbourne Festival – Canada International Arts Festival. GLOBAL CREATURES CONSULTANCY NICA trainer Ludwig Schukin attended an Graduate artist Thomas Worrell International Coaching Course Masterclass for Crece Performance Project - Spain performed with the A4 Circus NICA undertook two consultancy projects with German Wheel in Germany. Emerging artist Thomas Worrell was among a small number of Ensemble at the inaugural International company Global Creatures circus school graduates from around the world who were invited Montreal International Circus (King Kong, How to Train Your Dragon). to participate in an innovative performance program under the Festival in July. direction of Rob Tannion.

22. NICA Annual Report 2010 NICA Annual Report 2010 23. Wannik Dance academy Windsor Community Bank Sponsorship NICA staged a day of circus COMMUNITY OUTREACH activities for 60 Indigenous NICA received a grant from girls from the Wannik Dance the Windsor Community Bank Academy. Coming from three branch of the Bendigo Bank AND ENGAGEMENT regional Victorian communities, to purchase equipment and the girls also learnt about costumes for the Community costume and make-up at Circus program’s performance Swinburne University. troupe, Circus Star.

Western Australian Mental Health Fellowship Circus School – Open Mind Fiesta NICA hosted a week of Working with the Mental workshops for members Health Fellowship, NICA of the Western Australian conducted a series of A variety of community Community and NICA Magical Mystery Tour Circus School. workshops for 20 people courses and corporate Industry Workshops “From the opening act, The NICA Magical Mystery Tour with mental illnesses. The workshops make NICA’s Classes in NICA’s Community received sponsorship from the to the last tumble, participants were coached in world-class facilities and Federation Square Project Circus Program cater to a range City of Stonnington and featured being trainers themselves, and staff accessible to the general the theatre permeated of ages and skill levels, providing 147 cast members from NICA’s Graduate artists conducted a went on to be assistant trainers public. NICA is also a strong both general and specific circus community circus programs. The with an astonishing series of free weekly circus at the Open Mind Fiesta, a day advocate of social circus and training. For children as young performers, ranging from five to workshops during January of entertainment and activities invests in outreach activities sense of grace, beauty, as three, classes encourage 28 years of age, played to a full and February, to activate an to raise awareness of mental that contribute to community the joy of circus in a supportive house of 440 audience members. strength and pride.” under utilised amphitheatre illness. The Fiesta was a part health and social inclusion. environment, while for older, at Federation Square over the of Mental Health Week 2010. Gordana Andjelic-Davila, ArtsHub, more serious circus buffs, NICA Summer school holidays. Three Social Circus 8th December 2010 offers accelerated training and Instructor Training full-day workshops were also private tuition. held in BMW Edge over the In partnership with Cirque du Easter holiday period, catering NICA conducted various Soleil, NICA conducted Social to over 300 participants. These holiday programs throughout Circus Instructor Training were funded by Federation Square. the year, including the week- programs in Singapore, Cape long Summer, Autumn, Winter Town and Melbourne. In Cape and Spring Holiday programs. American Express Town, the workshop catered These collectively catered to Festival of Potential for 25 social circus instructors, 253 children, teenagers and while in Melbourne, the week- Over two days, NICA artists adults. During the Winter long intensive was attended by ran workshops for more Holiday Program, NICA also 22 participants from around than 400 participants. The hosted workshops for a group Australia, New Zealand, festival, held in partnership of young deaf people. Singapore and Vanuatu. with Mission Australia, was free to the public, with a Weekly participants 404 City of Stonnington - focus on disadvantaged and Total enrolments 1872 At Risk Program marginalised youth. Increase in 12% The City of Stonnington enrolments from 2009 Redkite Family Fun Day sponsored NICA to run a ten- week series of workshops for For the second time, NICA disadvantaged and at-risk hosted the Redkite Family youth involved with the Prahran Fun Day: a day of activities for Adventure Playground. children diagnosed with cancer The project culminated and their families. Eighty in a performance for the participants took part. NICA participants’ families. staff volunteered to make this event successful.

24. NICA Annual Report 2010 NICA Annual Report 2010 25. circanica

CircaNICA continues to lead Global Creatures Opening of AAMI Park Major Clients Festivals Made-to-Order the way as Australia’s premier CircaNICA formed a CircaNICA helped cut the The Big Group Ashwood Fun Day AAMI Park Opening supplier of contemporary circus relationship with international ribbon on the new soccer BMW entertainment. Representing Chinese New Year BMW X1 Launch production company Global stadium with 24 colourful Coca-Cola a stable of graduate artists, Creatures, supplying artists artists bringing the opening to Coles Foodies & Fashionistas Lunch CAVAL Book Repository Opening the NICA subsidiary provides for the creative development of life. The crowd was entertained Collingwood Football Club talent solutions for short and Heathmont Winter Festival Chabad Malvern How to Train Your Dragon and by stilt walking, juggling, hula Crown Casino long-term contracts, produces King Kong. CircaNICA looks hoops, handstands, contortion, GE Capital Prahran Market Coke 50th Anniversary made-to-order performances, forward to being an ongoing adagio and risley, while the Global Creatures Food & Wine Festival and secures preferred-supplier Cruiser Conference – talent agent for these live, VIPs were charmed by the Golder Associates relationships with employers. Moomba The Independent Distillers animatronic productions. agency’s finest specialty acts. Hawthorn Football Club In 2010, the agency secured Growth Conference Honda Roola Boola 149 contracts providing artists HSBC Federation Square for festivals, product launches, Life’s a circus… Scienceworks Streets are Alive Hyundai Amphitheatre Activation sporting events, cruise ships Find your balance Circus of Spin continued Mazda Vanilla Slice Festival and gala dinners. Meeting and Events Australia CircaNICA provided a team CircaNICA’s partnership with Metlink Welcome Cocktail Reception of 17 artists to launch two Museum Victoria. Developed for MLC Long-Term Contracts new brands for Parmalat. The Scienceworks’ Autumn Holiday Olsen Hotel Olsen Hotel Opening nationwide exercise took place Program, the show comprised Suncorp Australian Shakespeare Cabaret Vertigo Scienceworks – Circus of Spin in four cities over four days – two artists presenting a Toyota Company The annual Cabaret Adelaide, Melbourne, Brisbane 20-minute piece based around The Westin Hotel Carnival Australia Toyota Camry Hybrid Launch Vertigo season and Sydney – and comprised spinning objects and balance. Wonderland Fun Park Circus Xsavia The Westin 10th Birthday showcased the talents of both roving and stage acts With 30 performances over 15 Global Creatures CircaNICA artists, NICA to entertain the conference days, the show was attended by Shanghai Lady Killer students and industry delegates. The contract also 29,240 people. professionals. Directed included made-to-measure by Stephen Burton, circus outfits for the two BMW X1 Launch the shows drew a total company CEOs. “Scienceworks believes the audience of 800. NICA’s National Circus Centre

Carnival Australia opened its doors to luxury engagement with CircaNICA has vehicles for the launch of the CircaNICA continued its contract new BMW X1. Under the theme been very positive and we look with Carnival Australia, which ‘a car for every season’, the saw two of its performers presentation brought summer, forward to building on this permanently aboard the Pacific autumn, winter and spring to Sun cruise ship. The artists life with hula hoops, swinging relationship in the future.” were an integral part of the trapeze, stilt dancing and straps. entertainment program, offering Genevieve Fahey, Manager of Scienceworks, 12th May 2010 a variety of acts and activities for passengers and crew.

26. NICA Annual Report 2010 NICA Annual Report 2010 27. NICA graduates

NICA graduates are highly employable, finding −− ThisSideUp Acrobatics performing with Iota in work through agencies such as CircaNICA Smoke & Mirrors, which received a Helpmann “[NICA graduates] and by forging their own career paths. With Award for Best New Australian Work are inspiring us creativity, skill and discipline, they feature (3 graduates) prominently in the national circus industry, to step up and do −− A4 Circus Ensemble performing at the Montreal the contemporary performance scene and the International Circus Festival (1 graduate) better tricks, train international touring circuit. −− Circus Oz’s See It To Believe It, which featured 4 harder, and be In 2010, the swelling pool of graduates graduates, touring Australia and the USA continued to dazzle audiences at home and faster and better abroad. Notable achievements included: −− Stalker Theatre Company’s Shanghai Lady and stronger. It’s Killer at the Brisbane Festival featuring 6 −− Circa performing at the Circle Festival in graduates in the cast lifting everybody’s Auch, France (4 graduates) −− Hannah Cryle, Joshua Phillips and Jarred game in the industry.” −− Julian Aldag receiving a Cirque du Soleil Dewey receiving ArtStart grants from the award for innovative artistic vision and Malia Walsh, ArtsHub, Australia Council for the Arts to transition performance at the 12th Latina International 4th February 2010 from study to professional arts careers Circus Festival in Italy −− Julian Aldag being the only Australian artist invited to perform with Le Grand Cirque, Out of 25 circus productions at the Adelaide which made its inaugural tour to Melbourne Fringe Festival, 10 either featured, or were in December created by, NICA graduate artists. −− ThisSideUp Acrobatics performing at the Southbank Festival in London, the Edinburgh Fringe and in Spain and France. “In my opinion the NICA performances are Melbourne’s best kept little secret.”

Gordana Andjelic-Davila, ArtsHub, 29th March 2010

28. NICA Annual Report 2010 NICA Annual Report 2010 29. NICA FINANCIAL Supporters statements

The National Institute of Circus Arts is supported by the Australian Government

NICA Affiliations

30. NICA Annual Report 2010 NICA Annual Report 20112010 31. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

INDEPENDENT AUDITOR’S REPORT INDEPENDENT AUDITOR’S REPORT

32. NICA Annual Report 20102011 NICA Annual Report 20102011 33. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

AUDITOR-GENERAL’S INDEPENDENCE DECLARATION REPORT OF OPERATIONS FOR THE YEAR ENDED 31 DECEMBER 2010

General Information National Institute of Circus Arts Limited (NICA) is an NICA as a National Cultural and Training Institute was Australian Public Company limited by guarantee and invited to participate in a number of events in 2010. NICA was established on 27 October 1998 pursuant to the participated in a major circus and educational forum general authority contained in the Swinburne University in Wuhan, China. NICA also contributed to forums and of Technology Act 1992. educational conferences with the European Federation of Professional Circus Schools, and Auch, (France), and was The responsible Minister was the Hon. Jacinta Allan MP, engaged in an educational focus group at the Budapest Minister for Skills and Workforce Participation from 1 Circus Festival. January to 19 January 2010. From 20 January 2010 to 1 December 2010 the relevant Minister was the Hon. Community Programs grew again in 2010, as did the Bronwyn Pike MP, Minister for Skills and Workforce National Audition Workshop in Melbourne. The Community Participation. Following the State election in November Programs activities culminated in a major performance for 2010 the Hon. Peter Hall MLC was sworn in as Minister 150 participants in December. for Higher Education and Skills taking effect from 02 The 2010 Performance Program once again attracted large December 2010. audiences and extensive media coverage. Graduate artists NICA is a centre of excellence dedicated to developing continued to be employed nationally and internationally. and nurturing Australia’s most talented young NICA acknowledges the support from the Government contemporary circus and physical theatre performers. through the Department of Prime Minister and Cabinet, NICA is a member of the Australian Roundtable for Arts Office for the Arts, Skills Victoria, and in kind support from Training Excellence. Swinburne University. The objectives of the company are to provide quality Administrative Structure education and training in circus arts and physical theatre and thereby enhance the cultural development of the Directors Australian arts industry. The Directors of the company in office during the financial year and at the date of this report were: NICA offers a three year nested vocational degree program which equips graduates with the skills to Mr Andrew Guild establish successful careers in the national and Mr Darvell Hutchinson AM international circus arts industry. In 2010 NICA Mr Bryan Rossi introduced a Certificate III in Circus Arts. The Company’s Ms Linda Brown community and commercial activities increase Mr Rod Kemp community, industry and stakeholder awareness of Mr Ross Mollison circus arts. NICA is committed to the growth of the Ms Kate Shelmerdine industry by identifying new markets, and developing Professor Ian Young strategic partnerships which will enhance opportunities Mr David Loader for performance and circus innovation. Associates of the Institute Fundraising was a major focus of Company Directors in Professor Iain Wallace (As of October 2003) 2010, who spent time articulating the KPMG Business Mr Frank Bannon (As of June 2003) Case for increased funding to Government and its Mr Mark St Leon (As of June 2003) representatives. Chief Executive Officer During 2010 NICA focused significant time into Ms Pam Creed reaccrediting its courses and strengthening quality Company Secretary assurance activities across all of its programs. NICA also Mr Thomas Rowan (Appointed 26 October 2006 continued to provide professional development programs Qualifications: BA , LLB (Melb) and training to teaching staff, many of whom completed formal studies and accredited training in vocational and Higher Education sectors.

34. NICA Annual Report 20102011 NICA Annual Report 20102011 35. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

REPORT OF OPERATIONS FOR THE YEAR ENDED 31 DECEMBER 2010 REPORT OF OPERATIONS FOR THE YEAR ENDED 31 DECEMBER 2010

Administrative Structure Whistleblowers Protection The organisation structure of The Company complies with policies and procedures the company is as follows: in relation to the protection under the Whistleblowers Protection Act 2001.

The Company did not receive any applications in 2010 (2009, nil). Board of Directors Relevant Financial and Other Information

Operating Performance and Financial Position CEO / Director Executive Assistant

2006 2007 2008 2009 2010

Head of Head of Studies General Manager CircaNICA $000 $000 $000 $000 $000 Circus Studies (Vacant) (Corporate Affairs) Agent Revenue 6679 4253 4040 4691 5151

Expenses 12106 4641 4437 4892 5144 Venue & Production Program Coordinators Operations Manager Surplus/(Deficit) -5427 -388 -397 -201 7

Assets 3960 2603 2122 1957 1984 Teacher Trainers Production Manager Finance Officer Liabilities 1404 435 351 341 360

Student Teaching & Learning Riggers & Equity 2556 2168 1771 1616 1624 Administration & Co-ordinator (Vacant) Technical Staff Liaison

Short Course & Administration Operational and Budgetary Objectives Audit Committee Outreach Programs Assistant The Company’s operational and budgetary plans and The Company falls under the ambit of the objectives for 2010 were consistent with the Company’s Swinburne University of Technology Audit Committee. objectives as stated in the Director’s report. Consultancies Workforce Data Building and Compliance During 2010 there were seven consultancies The company complies with relevant legislation of varying durations (2009, nil). 2010 2009 through adherence to the policies of Swinburne University of Technology. Full Time Part Time Casual * Total Full Time Part Time Casual * Total Compliance with National Competition Policy Male 13 4 63 80 14 3 111 128 The Company complies with relevant legislation Female 15 2 42 59 13 3 78 94 through adherence to the policies of Swinburne University of Technology. Total 28 6 105 139 27 6 189 222

* Casuals include teaching staff for the CircaNICA Merit and Equity Policy Agency, Short Course and Community Programs, The Company applies the merit and equity policy and other NICA activities. which is under the umbrella of Swinburne University of Technology and includes policies relating to anti- 84 students participated in the core program Director Date Signed 11.2.11 discrimination, equal employment opportunity, of NICA in 2010 . Mr Bryan Rossi Prahran harassment and victimisation.

Occupational Health and Safety The Company complies with relevant occupational health and safety legislation through adherence to the policies of Swinburne University of Technology. Director Date Signed 11.2.11 Freedom of Information Mr Rod Kemp Prahran There have been no requests in 2010 under the Freedom of Information Act 1982 (2009, nil).

36. NICA Annual Report 20102011 NICA Annual Report 20102011 37. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

DIRECTORS’ REPORT DIRECTORS’ REPORT

The Directors submit their report on the Company for the Principal Activities Directors’ Benefits year ended 31 December 2010. The financial report has The Company provides training in circus arts. It was No Director has received or become entitled to been prepared pursuant to section 44 of the Swinburne incorporated on 27 October 1998 and commenced receive any benefit (other than a benefit included in University of Technology Act 1992, the Financial operations in 1999. It is a company limited by guarantee. the aggregate amount of emoluments received or due Management Act 1994, and the Corporations Act 2001. and receivable by Directors shown in the Company’s Review of Operations accounts, or the fixed salaries of Directors who are full- Directors The financial report has been prepared for the year ended time employees of the company or a related corporation) The names and details of the Directors of the 31 December 2010. The 2010 operating surplus is $7,476 by reason of a contract made by the company or a related Company in office during the financial year or at the (2009 deficit $201,409). corporation with a Director or with a firm of which he/she date of this report are: is a member, or with a company in which he/she has a Taxation substantial financial interest. The Company is exempt from income tax. Name: Mr Darvell Hutchinson (Chair) Name: Mr Bryan Rossi Meetings of Directors Qualifications: AM, Hon LLD (Monash), FCA, Qualifications: BEc(La Trobe), Grd Dip BIS(Swin), Dividends There were 8 meetings of Directors during the financial year. FCPA, ACIS, FAICD MMT(Melb), CPA, GAICD Not applicable, the Company is limited by Guarantee. Attendances were: Experience: Director since March 2002 Chairman, Experience: Director since August 2009 Number Eligible to Number Significant Changes in the State of Affairs Attend Attended Helen Macpherson Smith Trust CFO, Finance Department, Mr Darvell Hutchinson AM There have been no significant changes in the 8 8 Swinburne University of Technology (Chair) Name: Mr Andrew Guild state of the company’s affairs. Extensive experience in financial Experience: Director since February 2000 Mr David Loader 8 7 management in Higher Education Events Subsequent to Balance Date Arts production and performance expertise Mr Andrew Guild 8 6 There has not arisen in the interval between the end Director, Edgley International Name: Ms Linda Brown Mr Ross Mollison 8 2 of the financial year and the date of this report any Qualifications: MSC, DMS (MMU); BA (Public Policy); Ms Kate Shelmerdine 8 7 Name: Ms Kate Shelmerdine item, transaction, or event of a material or unusual PGCE, AICD Dip Corporate Affairs Mr Bryan Rossi 8 8 Qualifications: BA (Swin) nature likely, in the opinion of the Directors, to affect Experience: Director since August 2009 Ms Linda Brown 8 5 Experience: Director since January 2007 substantially the operations of the Company, the result of Deputy Vice-Chancellor and  Arts funding management & those operations, or the state of affairs of the Company in Mr Rod Kemp 8 8 Director TAFE Swinburne governance expertise subsequent financial years. Professor Ian Young 8 5 Name: The Hon. Rod Kemp Name: Professor Ian Young Likely Developments and Expected Results of Operations Directors’ and Officers’ Insurance Qualifications: B.Com (University of Melbourne) Qualifications: BE(Hons), MEngSc, PhD(JCU), The company expects to return a positive result in 2011. The parent entity, Swinburne University of Technology, Experience: Director since October 2009 FIEAust, FTSE maintains Directors’ and officers’ liability insurance that Former Federal Minister for the Arts Environmental Regulation Experience: Director since December 2003 provides redress to the Company to the extent that it is and extensive experience in economics, The Directors are of the opinion that the company has Vice-Chancellor Swinburne University permitted under law to indemnify Directors and officers government and corporate relations complied with all relevant environmental legislation so University of Technology with senior for wrongful acts committed in the course of their duties. far as it concerns the operations of the entity. management expertise. Company Secretary: Proceedings on behalf of Company Mr Thomas Rowan Indemnifying Officer or Auditor No person has applied for leave of a Court to bring Name: Mr David Loader (Appointed 26 October 2006) The company has not, during or since the end of the proceedings on behalf of the company or intervene in Qualifications: BSc(Hons), DipEd, Med(Syd) Qualifications: BA , LLB (Melb) financial year, in respect of any person who is or any proceedings to which the company is a party for the  FAIM, FACE, FACEL, GMAICD has been an officer of the company or a related body purpose of taking responsibility on behalf of the company Experience: Director since March 2008 corporate: indemnified or made any relevant agreement for all or any part of those proceedings. School and University Education and for indemnifying against a liability incurred as an officer, Management Rounding of Amounts including costs and expenses in successfully defending The company is a company of the kind referred to in ASIC Name: Mr Ross Mollison legal proceedings; or paid or agreed to pay a premium in Class Order 98/0100, dated 10 July 1998, and in accordance Qualifications: BEc (Monash) respect of a contract insuring against a liability incurred with that Class Order amounts in the Directors’ report and Experience: Director since November 2000 as an officer for the cost or expenses to defend legal the financial report are rounded to the nearest dollar. Marketing, advertising, and public proceedings; with the exception of the following matter: relations expertise During or since the financial year the company has paid Economic Dependency premiums to insure each of the responsible persons, Director, The Production Company The company receives financial support from the parent which excludes the external auditor, against liabilities entity, Swinburne University of Technology. This report is for costs and expenses incurred by them in defending made in accordance with a resolution of the Directors. any legal proceedings arising out of their conduct while acting in the capacity of an officer of the company, other than conduct involving a wilful breach of duty in relation to the company. The amount of the premium was paid Director Director as part of an overall insurance charge by the company’s Mr Bryan Rossi Mr Rod Kemp parent entity, Swinburne University of Technology. Date Signed 11.2.11 Date Signed 11.2.11

38. NICA Annual Report 20102011 NICA Annual Report 20102011 39. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

DIRECTORS’ DECLARATION INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2010 2010 2009 Note The Directors of the company declare that: $ $ 1. The financial report of the National Institute of Circus Revenue from continuing operations 4.1 5,151,609 4,691,180 Arts as set out on pages 10 to 30: Expenses from continuing operations

(a) complies with Australian accounting Employee expenses 4.2 (2,795,068) (2,729,120) standards as detailed in Note 1 to the financial statements and the Corporations Act 2001, and Communications (18,970) (37,407) Promotion expense (56,477) (114,099) (b) complies with section 44 of the Swinburne University of Technology Act 1992, Part 9 of Production cost (134,214) (173,317) the Directions of the Victorian Minister for Professional service fee (476,510) (430,599) Finance under the Financial Management Act 1994, Australian Accounting Standards, and Repairs and maintenance (buildings) (10,270) (77,205) Corporations Regulations. Repairs and maintenance (equipment) (26,960) (67,231)

(c) gives a true and fair view of the company’s Consumables (63,553) (65,702) financial position as at 31 December 2010 and Travel expenses (44,966) (119,933) of the company’s performance for the year ended on that date. Equipment (88,764) (40,735)

2. In the directors’ opinion, as at the date of this Depreciation 4.2 (224,732) (216,782) declaration, there are reasonable grounds to believe Other expenses 4.2 (1,190,629) (805,919) that the company will be able to pay its debts as and when they become due and payable. Audit fee 4.2 (13,020) (7,840)

3. We are not aware of any circumstance which would Building project 4.2 - (6,700) render any particulars included in the financial report (5,144,133) (4,892,589) to be misleading or inaccurate.

This declaration is made in accordance with a resolution Net operating result for the year 7,476 (201,409) of the Board of Directors.

The above Income Statement should be read in conjunction with the accompanying notes.

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2010

Director Date Signed 11.2.11 2010 2009 Mr Bryan Rossi Prahran Note $ $ Net operating result for the year 7,476 (201,409)

Other comprehensive income after income tax:

Gain (loss) on revaluation of land and buildings 11 - 47,024 Director Date Signed 11.2.11 Mr Rod Kemp Prahran Gain (loss) on value of available for sale financial assets - - Other comprehensive income for the year - 47,024

Total comprehensive income for the year 7,476 (154,385)

Total comprehensive income attributable to NICA 7,476 (154,385)

The above Income Statement should be read in conjunction with the accompanying notes.

40. NICA Annual Report 20102011 NICA Annual Report 20102011 41. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2010 STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2010 2010 2009 Current Assets Note $ $ Retained General Cash and cash equivalents 5 134,751 210,795 Earnings Reserves Total

Other current assets 6 419,174 43,433 Note $ $ $

Total Current Assets 553,925 254,228 Balance at 1 January 2009 1,720,606 50,337 1,770,943

Net operating result for the year 12 (201,409) - (201,409)

Non-Current Assets Other comprehensive income for the year 11 - 47,024 47,024

Property, plant and equipment 7 1,321,869 1,546,601 Balance at 31 December 2009 1,519,197 97,361 1,616,558

Inter company receivables 15(e) 108,481 156,529 Net operating result for the year 12 7,476 - 7,476

Total Non-Current Assets 1,430,350 1,703,130 Other comprehensive income for the year 11 - -

Balance at 31 December 2010 1,526,673 97,361 1,624,034

Total Assets 1,984,275 1,957,358 The above Income Statement should be read in conjunction with the accompanying notes. Current Liabilities

Accrued expenses 10 37,352 -

Income in advance 10 - 61,993

Employee benefits 9 312,792 253,508

Total Current Liabilities 350,144 315,501

Non-Current Liabilities

Employee benefits 9 10,097 25,299

Total Non-Current Liabilities 10,097 25,299

Total Liabilities 360,241 340,800

NET ASSETS 1,624,034 1,616,558

EQUITY

Reserves 11 97,361 97,361

Retained earnings / (accumulated losses) 12 1,526,673 1,519,197

TOTAL EQUITY 1,624,034 1,616,558

The above Income Statement should be read in conjunction with the accompanying notes.

42. NICA Annual Report 20102011 NICA Annual Report 20102011 43. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

2010 2009 Note Note Contents Page $ $ 1 Statutory Reporting Requirements 48 Cash flows from operating activities 2 Significant Accounting Policies 48 Receipts from customers (inclusive of GST) 4,369,247 4,063,891

Interest received 29,035 19,633 3 Financial Risk Management Objectives and Policies 54

Other revenue 809,662 851,897 4 Income and expenditure from continuing activities 56

Receipt/payment of GST to/from ATO 223,705 130,384 5 Cash and Cash Equivalents 58

Payments to Employees (2,750,986) (2,734,134) 6 Other Current Assets 58

Payments to suppliers (inclusive of GST) (2,756,707) (2,424,310) 7 Property, Plant and Equipment 58

Net cash inflow/(outflow) from operating activities 17 (76,044) (92,639) 8 Non-interest bearing liabilities 60

9 Employee benefits 60

Cash flows from investing activities 10 Other Current Liabilities 61 Payments for property, plant and equipment - (796,652) 11 Reserves 61

12 Retained Earnings/(Accumulated Losses) 61 Net cash (outflow) from investing activities - (796,652) 13 Segment Information 61

14 Company Structure 61 Cash flows from financing activities 15 Related Party Disclosure 61 (Repayment)/Proceeds from borrowings - - 16 Reconciliation of Cash 63 Net cash inflow/(outflow) from financing activities - - 17 Reconciliation of Net operating result to 63 Net Cash flows from Operating Activities

Net increase/(decrease) in cash and cash equivalents (76,044) (889,291) 18 Contingent Liabilities and Contingent Assets 63 Cash and cash equivalents at the beginning of the financial year 210,795 1,100,086 19 Operating Lease Commitments 63

Cash and cash equivalents at the end of the year 5 / 16 134,751 210,795 20 Capital Commitments 64 21 Superannuation Funds 64 The above Income Statement should be read in 22 Company Details 64 conjunction with the accompanying notes. 23 Events Occurring after Balance Date 64

24 Economic Dependency 64

44. NICA Annual Report 20102011 NICA Annual Report 20102011 45. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

1 Statutory Reporting Requirements The financial report of the National Institute of Circus (b) Revenue Recognition (e) Trade and other Payables Arts Ltd. for the year ended 31 December 2010 has been Revenue is measured at the fair value of the These amounts represent liabilities for goods and prepared pursuant to section 44 of the Swinburne consideration received or receivable. Amounts disclosed services provided to the entity prior to the end of the University of Technology Act 1992, the Financial as revenue are net of duties and taxes paid. Revenue is financial year, which are unpaid. The amounts are Management Act 1994, and the Corporations Act 2001. recognised for the major business activities as follows: unsecured and are usually paid within 30 days following end of month of invoice. 2 Significant Accounting Policies - Government financial assistance revenue is recognised The National Institute of Circus Arts Ltd is a company in the year to which funding relates as determined by (f) Employee Benefits limited by guarantee, incorporated and domiciled in the bodies providing the financial assistance. (i) Wages and salaries, annual leave, and sick leave Australia. The accounting policies have been consistently - Interest revenue is recognised on a proportional basis Liabilities for wages and salaries, including non- applied, unless otherwise stated. The following is a taking into account the interest rates applicable to the monetary benefits, annual leave, and accumulating summary of the material accounting policies adopted by financial assets. sick leave expected to be settled within 12 months of the company in the preparation of the financial report. the reporting date are recognised as a liability at their - Fees and Charges (a) Basis of Preparation nominal values using the remuneration rate expected to Fees include amounts received or receivable in respect This general purpose financial report has been prepared apply at the time of settlement. Liabilities which are not of consulting and course delivery. Consulting revenue is in accordance with Australian Accounting Standards, and expected to be settled within 12 months are measured at recognised after completion of the service and clients Interpretations, other authoritative pronouncements of the present value of the estimated future cash flows to be have been invoiced. Fees relating to course delivery are the Australian Accounting Standards Board, Swinburne made by the company in respect of services provided by recognised in the year in which courses commence. University of Technology Act 1992, the Financial employees up to the reporting date. As it is probable that Management Act 1994, and the Corporations Act 2001. (c) Cash and Cash Equivalents annual sick leave entitlements, which are non-vesting, Cash and cash equivalents includes cash on hand, deposits will exceed leave taken, no liability is deemed to have Historical cost convention held at call with financial institutions, other short-term existed as at 31 December 2010 (2009, nil). The financial report has been prepared on accrual basis, highly liquid investments with original maturities of three under the historical cost convention, as modified by the (ii) Long service leave months or less that are readily convertible to known revaluation of certain classes of property, plant and The liability for long service leave is recognised and amounts of cash and which are subject to an insignificant equipment to fair value. is measured as the present value of expected future risk of changes in value, and bank overdrafts. Bank payments to be made in respect of services provided Critical accounting estimates overdrafts are shown within borrowings in current liabilities by employees up to the reporting date. The company The preparation of the financial report in conformity with on the statement of financial position. determines that portion expected to be paid in the year Australian Accounting Standards requires the use of certain (d) Other Financial Assets which is measured at nominal value and the remainder critical accounting estimates. It also requires management measured at net present value. Consideration is given to exercise its judgement in the process of applying the Loans and receivables to expected future wage and salary levels, experience of National Institute of Circus Arts accounting policies. The Loans and receivables are measured at amortised cost. employee departures and periods of service. Expected areas involving a higher degree of judgement or complexity, Loans and receivables are non-derivative financial assets future payments are discounted using market yields at or areas where assumptions and estimates are significant with fixed or determinable payments that are not quoted in the reporting date on national government bonds with to the financial report, are the valuation of non-current an active market. They arise when the company provides terms to maturity and currency that match, as closely as assets (such as buildings). The company obtains external money, goods or services directly to a debtor with no possible, the estimated future cash outflows. advice in the calculation of these estimates. intention of selling the receivable. They are included in current assets, except for those with maturities greater (iii) Performance Bonus Presentation of financial statements than 12 months after the reporting period, which are A liability for employee benefits in the form of The company has applied the revised AASB 101 classified as non-current assets. Loans and receivables performance bonuses are recognised in employee Presentation of Financial Statements (2007) from 1 are included in receivables in the statement of financial entitlements when there is no realistic alternative but January 2009. The revised AASB 101 require all income position. Trade receivables are recognised initially at fair to settle the liability and at least one of the following and expenses to be presented in either one statement value and subsequently measured at amortised cost less conditions is met: there are formal terms for determining - the statement of comprehensive income, or two provision for doubtful debts. Trade receivables are due for the amount of the benefit; the amounts to be paid are statements - an income statement and a statement of settlement no more than 30 days following end of month of determined before the time of completion of the financial comprehensive income. The company has presented all invoice. Collectibility of trade receivables is reviewed on an report; or past practice gives clear evidence of the income and expenses in two statements - an income ongoing basis. Debts, which are known to be uncollectible, amount of the obligation. Liabilities for performance statement and a statement of comprehensive income. are written off. A provision for doubtful receivables is bonuses are expected to be settled within 12 months and The presentation requirements have been applied for the established when there is objective evidence that the entity are measured at the amounts expected to be paid when entire reporting period and comparative information has will not be able to collect all amounts due according to the they are settled. been re-presented to also comply with the revised AASB 101. original terms of receivables.

46. NICA Annual Report 20102011 NICA Annual Report 20102011 47. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

2 Significant Accounting Policies (cont.)

(iv) Superannuation (h) Acquisition of Assets The amount charged to the income statement in respect The company incorporates different depreciation rates, The purchase method of accounting is used to account of superannuation represents the contributions made by based on estimated useful lives, for items of plant within for all acquisitions of assets (including business the entity to the superannuation plans in respect to the buildings as follows: combinations) regardless of whether equity instruments current services of current entity staff. Superannuation or other assets are acquired. Cost is measured as the contributions are made to the plans based on the relevant Buildings 42 Years (2009: 42 Years) fair value of the assets given, shares issued, or liabilities rules of each plan. incurred or assumed at the date of exchange plus costs Site Engineering 20 years (2009: 20 years) directly attributable to the acquisition. (v) Employee benefit oncosts Services and central plant Employee benefit oncosts, including payroll tax, are (i) Impairment of Assets Fit out 10 years (2009: 10 years) recognised and included in employee benefit liabilities All assets are assessed annually for indicators of and costs when the employee benefits to which they Trunk Reticulated 20 years (2009: 20 years) impairment. If there is an indication of impairment, the relate are recognised as liabilities. Building Systems asset concerned is tested as to whether its carrying

value exceeds its recoverable amount. Where an asset’s (g) Non-Current Physical Assets carrying amount exceeds its recoverable amount, the National Institute of Circus Arts does not own Land. Gains and losses on disposals are determined by difference is written-off as an expense in the income Buildings improvements are measured at the amounts comparing proceeds with carrying amount. These are statement except to the extent that the write-down for which assets could be exchanged between included in the income statement. When revalued assets can be debited to an asset revaluation reserve amount knowledgeable willing parties in an arm’s length are sold, it is company policy to transfer the amounts applicable to that class of asset. transaction. Following the independent valuation of included in the relevant asset revaluation reserve in respect of those assets to retained earnings. Building improvement assets in December 2009, the (j) Income Tax company has adopted the Valuers approach for the Leasehold improvements are measured at fair value. The National Institute of Circus Arts Ltd is exempt from classification of building components which are based income tax pursuant to section 23(e) of the Income Tax Plant and equipment are measured at fair value. on specifications issued by the Australian Procurement Assessment Act 1936, as amended. and Construction Council. The Building and building Depreciation is calculated using the straight line method (k) Web Site Costs components have therefore been re-classified under the to allocate the cost or revalued amounts, net of their Costs in relation to web sites controlled by the company following categories: residual values, over their estimated useful lives, commencing from the time the asset is held ready for use. are charged as expenses in the year in which they are Structure/Shell/Building Fabric: inclusive of substructure, The assets’ residual values and useful lives are reviewed, incurred unless they relate to the acquisition of an asset, columns, floor, upper floors, staircases, roof, external and adjusted if appropriate, at each balance date. in which case they are capitalised and amortised over the walls, windows. Site Engineering Services and central Revaluations period of expected benefits. Generally, costs in relation plant: inclusive of roads, footpaths, paved areas, boundary The company revalues its Building improvements to feasibility studies during the planning phase of a walls, covered ways, fencing, gates, outbuildings, every three years, with the last scheduled independent web site, and ongoing costs of maintenance during the landscaping improvements, external stormwater drainage, revaluation completed in December 2009. The fair value operating phase are considered to be expenses. Costs externalwater supply, external gas, fire protection, of the asset class is reviewed on an annual basis and incurred in building or enhancing a web site, to the extent electricity, communications, and special services. amended if any material variations exist. Revaluation that they represent probable future economic benefits increments or decrements arise from differences controlled by the entity that can be reliably measured, are Fit out: inclusive of external doors, internal walls, between an asset’s carrying value or fair value. capitalised as an asset and amortised over the period of ceilings, fitments (incl. wall and floor coverings), sanitary the expected benefits which vary from three to five years. fixtures and special equipment. Revaluation increments are credited directly to equity in an asset revaluation reserve, except that, to the extent (l) Rounding of Amounts Trunk Reticulated Building Systems: inclusive of lifts, that an increment reverses a revaluation decrement in The company is of a kind referred to in Class Order escalators, walkways, cranes, hoists etc., centralised respect of that class of asset previously recognised as an 98/0100, issued by the Australian Securities and energy, and other. expense in determining the net result, the increment is recognised as revenue in determining the net result. Investments Commission, relating to the “rounding off” of amounts in the financial report. Amounts in the Revaluation decrements are recognised immediately as financial report have been rounded in accordance with expenses in the net result, except that, to the extent that that Class Order to the nearest dollar. a credit balance exists in an asset revaluation reserve in respect of the same class of assets, they are debited to the revaluation reserve. Revaluation increments and revaluation decrements relating to individual assets within each specific class of property, plant and equipment are offset against one another within that class but are not offset in respect of assets in different classes.

48. NICA Annual Report 20102011 NICA Annual Report 20102011 49. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

2 Significant Accounting Policies (cont.) (m) Australian Accounting Standards, Amendments and - AASB 2009–12: Amendments to Australian Accounting - AASB Interpretation 19: Extinguishing Financial Interpretations issued but not yet effective Standards [AASBs 5, 8, 108, 110, 112, 119, 133, 137, 139, Liabilities with Equity Instruments (applicable for 1023 & 1031 and Interpretations 2, 4, 16, 1039 & 1052] annual reporting periods commencing from 1 July 2010). The AASB has issued new and amended Accounting (applicable for annual reporting periods commencing on Standards and Interpretations that have mandatory This Interpretation deals with how a debtor would or after 1 January 2011). application dates for future reporting periods and which account for the extinguishment of a liability through the company has decided not to early adopt. A discussion of This Standard makes a number of editorial amendments the issue of equity instruments. The Interpretation those future requirements and their impact on the company to a range of Australian Accounting Standards and states that the issue of equity should be treated as the is as follows: Interpretations, including amendments to reflect consideration paid to extinguish the liability, and the changes made to the text of IFRSs by the IASB. The equity instruments issued should be recognised at their - AASB 9: Financial Instruments and AASB 2009–11: Standard also amends AASB 8 to require entities to fair value unless fair value cannot be measured reliably, Amendments to Australian Accounting Standards arising exercise judgment in assessing whether a government in which case they shall be measured at the fair value of from AASB 9 [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, and entities known to be under the control of that the liability extinguished. The Interpretation deals with 118, 121, 127, 128, 131, 132, 136, 139, 1023 & 1038 and government are considered a single customer for the situations where either partial or full settlement of the Interpretations 10 & 12] (applicable for annual reporting purposes of certain operating segment disclosures. The liability has occurred. This Interpretation is not expected periods commencing on or after 1 January 2013). amendments are not expected to impact the company. to impact the company. The company does not anticipate These Standards are applicable retrospectively and early adoption of any of the above Australian Accounting - AASB 2009–13: Amendments to Australian Accounting amend the classification and measurement of financial Standards or Interpretations. Standards arising from Interpretation 19 [AASB 1 assets. The company has not yet determined any (applicable for annual reporting periods commencing on potential impact on the financial statements. or after 1 July 2010). - AASB 124: Related Party Disclosures (applicable for This Standard makes amendments to AASB 1 arising annual reporting periods commencing on or after 1 from the issue of Interpretation 19. The amendments January 2011). allow a first-time adopter to apply the transitional This Standard removes the requirement for government- provisions in Interpretation 19. This Standard is not related entities to disclose details of all transactions with expected to impact the company. the government and other government-related entities, - AASB 2009–14: Amendments to Australian Interpretation and clarifies the definition of a ‘related party’ to remove - Prepayments of a Minimum Funding Requirement inconsistencies and simplify the structure of the Standard. No changes are expected to materially affect the company. [AASB Interpretation 14] (applicable for annual reporting periods commencing on or after 1 January 2011). - AASB 1053: Application of Tiers of Australian Accounting Standards and AASB 2010–2: Amendments to Australian This Standard amends Interpretation 14 to address Accounting Standards arising from Reduced Disclosure unintended consequences that can arise from the Requirements [AASB 1, 2, 3, 5, 7, 8, 101, 102, 107, 108, 110, previous accounting requirements when an entity prepays 111, 112, 116, 117, 119, 121, 123, 124, 127, 128, 131, 133, 134, future contributions into a defined benefit pension plan. 136, 137, 138, 140, 141, 1050 & 1052 and Interpretations 2, 4, This Standard is not expected to impact the company. 5, 15, 17, 127, 129 & 1052] (applicable for annual reporting - AASB 2010–3: Amendments to Australian Accounting periods commencing on or after 1 July 2013). Standards arising from the Annual Improvements Project - AASB 2009–10: Amendments to Australian Accounting [AASB 3, AASB 7, AASB 121, AASB 128, AASB 131, AASB Standards — Classification of Rights Issues [AASB 132] 132 & AASB 139] (applicable for annual reporting periods (applicable for annual reporting periods commencing on commencing on or after 1 July 2010). or after 1 February 2010). - AASB 2010–4: Further Amendments to Australian This Standard clarifies that rights, options or warrants Accounting Standards arising from the Annual to acquire a fixed number of an entity’s own equity Improvements Project [AASB 1, AASB 7, AASB 101 & AASB instruments for a fixed amount in any currency are 134 and Interpretation 13] (applicable for annual reporting equity instruments if the entity offers the rights, options periods commencing on or after 1 January 2011). or warrants pro rata to all existing owners of the same class of its own non-derivative equity instruments. The amendments are not expected to have significant impact on the company.

50. NICA Annual Report 20102011 NICA Annual Report 20102011 51. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

3 Financial Risk Management Objectives and Policies 3 Financial Risk Management Objectives and Policies (cont) The Company’s activities are exposed to the following (a) Market Risk (d) Summarised sensitivity analysis risks which are managed by the central treasury section (i) Interest rate risk within the Corporate Finance department of Swinburne The Company’s exposure to market risk for changes 2010 Analysis University of Technology. in interest rates relates primarily to short to medium The following table summarises the sensitivity of the term investments. Company’s financial assets and financial liabilities to interest rate risk and other price risk. (b) Credit Risk The company does not have any material or significant credit risk exposure to any group of receivables.

(c) Liquidity Risk Interest rate risk Other price risk The Company’s objective is to maintain a level of liquidity ‑2% 2% -10% 10% in relation to the funding of its operations. Carrying amount Result Equity Result Equity Result Equity Result Equity Recognised financial instruments Note Accounting policies Terms and conditions $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Financial Assets Financial Assets Cash Assets 5 Cash at bank is carried at the Interest is paid monthly, at the Cash and principal amount. Interest received prevailing bank rate, based on the on any bank balance is recognised average credit balance in the bank Cash Equivalents 135 (3) (3) 3 3 - - - - as income when the bank account account. Total Increase/ 135 (3) (3) 3 3 - - - - is credited.Interest receivable at Decrease balance date is accounted for by crediting revenue and debiting Accrued Income in the statement 2009 Analysis of financial position. The following table summarises the sensitivity of the Company’s financial assets and financial liabilities to Receivables – debtors 15 (e) Debtors are carried at the Credit is allowed for a interest rate risk and other price risk. nominal amounts due less any 30 day term. provision for doubtful debts and impairment. A doubtful debts provision is made for any amounts Interest rate risk Other price risk which are considered unlikely to ‑3% 3% -10% 10% be collectable, or are impaired. Carrying Payables 10 Payables are recognised for Settlement of payables is amount Result Equity Result Equity Result Equity Result Equity future amounts to be paid in normally effected 30 days after respect of goods and services the end of the month the debt $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 received, whether or not billed is incurred. Financial Assets to the company. Cash and

Cash Equivalents 211 (6) (6) 6 6 - - - -

Total Increase/ 211 (6) (6) 6 6 - - - - Decrease

52. NICA Annual Report 20102011 NICA Annual Report 20102011 53. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

Note 4: Income and expenditure from operating activities Note 4: Income and expenditure from operating activities 2010 2009 2010 2009 4.1 Revenue from operating activities $ $ 4.2 Expenses $ $

Fees and charges 943,210 706,532 Employee benefits

Donations, scholarships, and sponsorships 45,894 70,118 Salaries 2,394,329 2,285,030

Other operating receipts 809,662 851,897 Superannuation 216,568 168,477

Commonwealth Government grants 2,012,000 1,993,500 Payroll Tax 124,964 120,432

Victorian Government grants 575,808 507,000 Annual leave 28,010 124,752

Swinburne University of Technology Grant 736,000 542,500 Total employee benefits 2,763,871 2,698,691

5,122,574 4,671,547

Other employee related costs

Revenue from non-operating activities Work cover 31,197 30,429

Interest 29,035 19,633 Total employee expenses 2,795,068 2,729,120

Total revenue from operating activities 5,151,609 4,691,180

Depreciation of non-current assets

Building improvements 109,814 57,946

Leasehold improvements 621 621

Office furniture and equipment 114,297 158,215

Total depreciation expense 224,732 216,782

Other expenses

Rental expense on operating leases 96,137 98,721

Overhead cost incurred by Swinburne University

of Technology in supporting the entity 736,000 542,500

Staff Development 161,919 158,772

Other expenses 196,573 5,926

Total other expenditure 1,190,629 805,919

Audit fee

Auditor-General of Victoria 11,720 7,840

Other fee 1,300 -

Total audit fee 13,020 7,840

Building project

Expenditure - 6,700

Total building expense - 6,700

54. NICA Annual Report 20102011 NICA Annual Report 20102011 55. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

Note 5: Cash and cash equivalents 2010 2009 Note 7: Property Plant and Equipment (cont.) $ $ (a) Movements in carrying amounts Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end Cash at bank and in hand 134,751 210,795 of the current financial year: Total cash and cash equivalents 134,751 210,795 Building Leasehold Office Furniture Buildings Work Total Improvements Improvements & Equipment in Progress a) Reconciliation to cash at the end of the year The above figures are reconciled to cash at the end of the financial $ $ $ $ $ year as shown in the cash flow statement as follows: Carrying amount at 1 January 2010 1,282,540 22,370 241,691 - 1,546,601 Additions - - - - - Balances as above 134,751 210,795 Impairment of Assets - - - - - Balances as per cash flow statement 134,751 210,795 Revaluation Increments/ (Decrements) - - - - - b) Cash at bank and on hand Depreciation Expense (109,814) (621) (114,297) - (224,732) Bank accounts consist of an operating account and Public Fund accounts all of which generate interest. Carrying amount at 31 December 2010 1,172,726 21,749 127,394 - 1,321,869 Interest for deposits are calculated using floating interest rates at 4.40% (2009: 4.22%). At 1 January 2010 Note 6: Other Current Assets 2010 2009 Fair value 1,282,540 25,455 745,215 - 2,053,210 $ $ Accumulated depreciation and impairment - (3,085) (503,524) - (506,609) Prepayments 16,774 30,080 Net carrying amount 1,282,540 22,370 241,691 - 1,546,601 Accrued Income 402,400 13,353

Total Other Current Assets 419,174 43,433 At 31 December 2010 Fair value 1,282,540 25,455 745,215 - 2,053,210

Accumulated depreciation Note 7: Property Plant and Equipment 2010 2009 and impairment (109,814) (3,706) (617,821) - (731,341) $ $ Net carrying amount 1,172,726 21,749 127,394 - 1,321,869 Building improvements 1,282,540 1,282,540 Building Leasehold Office Furniture Buildings Work Total less accumulated depreciation (109,814) - Improvements Improvements & Equipment in Progress

1,172,726 1,282,540 $ $ $ $ $ Carrying amount at 1 January 2009 496,810 22,991 399,906 - 919,707 Additions 796,652 - - - 796,652 Leasehold Improvements 25,455 25,455 Impairment of Assets - - - - - less accumulated depreciation (3,706) (3,085) Revaluation Increments/ (Decrements) 47,024 - - - 47,024 21,749 22,370 Depreciation Expense (57,946) (621) (158,215) - (216,782) Carrying amount at 31 December 2009 1,282,540 22,370 241,691 - 1,546,601

Work in Progress - - At 1 January 2009 Fair value 561,583 25,455 745,215 - 1,332,253

Office furniture and equipment 745,215 745,215 Accumulated depreciation and impairment (64,773) (2,464) (345,309) - (412,546) less accumulated depreciation (617,821) (503,524) Net carrying amount 496,810 22,991 399,906 - 919,707 127,394 241,691 At 31 December 2009 Fair value 1,282,540 25,455 745,215 - 2,053,210 Total Property Plant and Equipment 1,321,869 1,546,601 Accumulated depreciation and impairment - (3,085) (503,524) - (506,609)

Net carrying amount 1,282,540 22,370 241,691 - 1,546,601

56. NICA Annual Report 20102011 NICA Annual Report 20102011 57. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

Note 8: Non-interest bearing liabilities 2010 2009 Note 10: Other Current Liabilities 2010 2009 $ $ $ $

Non-current payables Income in Advance - 61,993 Amounts payable to parent entity - - Accrued expenses 37,352 - Total Non-current Payables - - Total Other Current Liabilities 37,352 61,993 Note 9: Employee Benefits Note 11: Reserves Current Asset revaluation reserve Annual Leave 145,717 92,725 Performance Pays 30,000 25,000 Building Improvements - 97,361

Long service leave 137,075 135,783 - 97,361 Total Current 312,792 253,508 Movements in Reserves

Non-Current Asset revaluation reserve - Buildings Improvements Long service leave 10,097 25,299 Balance at 1 January 97,361 50,337 Total Non-Current 10,097 25,299 Movements in the year - 47,024 Aggregate carrying amount Balance at 31 December 97,361 97,361 Current 312,792 253,508 Non-Current 10,097 25,299 Total Employee Benefits 322,889 278,807 The asset revaluation reserve is used to record asset revaluation increments and decrements in the value of non-current physical assets. Current Provisions expected to be settled within 12 months Annual Leave 117,429 85,500 Note 12: Retained Earnings / (Accumulated Losses)

Long service leave 30,075 29,872 Retained earnings at 1 January 1,519,197 1,720,606 147,504 115,372 Net operating result attributable to members 7,476 (201,409)

Current Provisions expected to be settled after more than 12 months Retained earnings at 31 December 1,526,673 1,519,197 Annual Leave 28,288 7,225

Long service leave 107,000 105,911 Note 13: Segment Information 135,288 113,136 The company operates in the educational sector in the state of Victoria. Average employee numbers during the reporting year 139 222 Note 14: Company Structure The following assumptions were adopted in measuring The company’s ultimate parent entity is the present value of long service leave entitlements: Swinburne University of Technology.

Weighted average increase in employee costs 4.80% 3.00% Note 15: Related Party Disclosures Weighted average discount rates 5.38% 3.25% (a) Directors The names of the persons who were directors of National Institute of Circus Arts Ltd during the financial year were: The liability for Annual Leave is calculated at the nominal Long Service Leave is available to be taken after 10 years value of expected payments to be made in respect of of service but is historically taken much later. However, Mr Darvell Hutchinson AM (Chair) services provided by employees up to the reporting date. the company allows for long service leave to be taken on Mr David Loader Where employees have significant annual leave balances, a pro-rata basis on termination after 7 year of service. Mr Andrew Guild an estimate is made of the probability of leave to be taken Mr Ross Mollison Accrued salaries is the proportion of unpaid salaries due within 12 months and beyond 12 months. Ms Kate Shelmerdine to employees as at the end of the reporting year due to Mr Bryan Rossi The liability for Long Service Leave is calculated as the present fortnightly pay periods extending beyond the reporting Ms Linda Brown value of expected future payments to be made in respect of date. This figure is re-assessed on an annual basis and Mr Rod Kemp services provided by employees up to the reporting date. brought to account accordingly at year end. Professor Ian Young

58. NICA Annual Report 20102011 NICA Annual Report 20102011 59. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235 ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

Note 15: Related Party Disclosure (cont) 2010 2009 Note 16: Reconciliation of Cash $ $ (a) Reconciliation of cash Income received or due and receivable by the directors of the company, including Cash at the end of the financial year, as shown in the cash flows statement, 2010 2009 1,494,147 1,320,755.03 amounts received, or due and receivable from related corporations. is reconciled to the related items in the balance sheet as follows: $ $

Included in the number of directors whose remuneration bands disclosed below are four directors Cash at bank 134,750.51 210,795 who are employees of Swinburne University of Technology and thus their salary is paid by the University. Deposits at call - -

Number of directors whose remuneration was within the following bands: Cash at the end of the financial year 134,750.51 210, 795 Nil - $9,999 5 6 $10,000 - $19,999 1 1 The company has no credit stand-by arrangements or loan facilities at 31 December 2010 (2009,nil). 220,000 - $229,999 1 - Note 17: Reconciliation of net operating result for the year to net cash flows from operating activities $230,000 - $239,999 - 1 Net operating result for the year 7,476 (201,409) $250,000 - $259,999 - 1 $360,000 - $369,999 1 - Add/(less) Non-Cash Flows in Net Operating result $810,000 - $819,999 - 1 Depreciation 224,732 216,782 $880,000 - $889,999 1 - Assets Expensed - - 9 10

Amounts of a prescribed benefit given during the year by the entity Changes in Assets and Liabilities or a related party to a director or a prescribed superannuation fund - - in connection with the retirement from a prescribed office: Decrease/(increase) current assets (375,741) (24,715)

Decrease/(increase) in Intercompany receivables 48,048 (73,309) There were no other transactions with directors, or other related parties of a director during the year (2009, nil). (Decrease)/increase in employee benefits 44,082 (5,014) (b) Minister (d) Retirement benefits of responsible persons (Decrease)/increase in other current liabilities (24,641) (4,974) The names of the persons who were Responsible The retirement benefits paid by the entity in connection Persons during the financial year were: with the retirement of responsible persons in 2010 Net Cash flows from Operating Activities (76,044) (92,639) Hon. Jacinta Allan MP, Minister for Skills and Workforce amounted to nil (2009, nil). Participation (From 1 January to 19 January 2010). (e) Related party transactions Note 18: Contingent Liabilities and Contingent Assets Hon. Bronwyn Pike MP, Minister for Skills and Workforce Other transactions and loans have been considered in Quantifiable contingent liabilities Participation (From 20 January to 1 December 2010). terms of the disclosure requirements specified under the There were no quantifiable contingent liabilities as at 31 December 2010 (2009, nil). Hon. Peter Hall MLC, Minister for Higher Education and Directions of the Minister for Finance these are as follows: Unquantifiable contingent liabilities Skills (From 2 December 2010). There were no unquanitifiable contingent liabilities as at 31 December 2010 (2009, nil). 2010 2009 Remuneration of the Ministers are disclosed in the financial Unquantifiable contingent assets $ $ report of the Department of Premier and Cabinet. Other The company had no unquantifiable contingent assets as at 31 December 2010 (2009, nil). relevant interests are declared in the Register of Member’s Income received from Interests which each member of the Parliament completes. Swinburne University 736,000 542,500 Note 19: Operating Lease Commitments of Technology (c) Executive officers’ remuneration Non-cancellable operating leases contracted for but not capitalised in the financial statements: The number of executive officers, other than responsible Expenditure paid to Payable: persons, whose total remuneration falls within the Swinburne University 736,000 542,500 specified bands above $100,000 are as follows: of Technology no later than 1 year 51,189 49,220

Total Remuneration Amount receivable from later than 1 year but not later than 5 years 53,236 102,378 Income band $ 2010 2009 Swinburne University 108,480.51 156,529 later than 5 years - - 190,000 - 199,999 - 1 of Technology 104,425 151,598 220,000 - 229,999 1 - Total numbers 1 1 Total amount 227,079 196,163

60. NICA Annual Report 20102011 NICA Annual Report 20102011 61. NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED ABN 80 084 913 235

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010

Note 20: Capital Commitments There are no capital commitments as at 31 December 2010 (2009, nil).

Note 21: Superannuation Funds The National Institute of Circus Arts employees are member of various superannuation funds. Employer contribution rate is 9% (2009, 9%). In 2010 contributions made were $216,568 (2009: $168,477). There were no outstanding contributions at year-end and no loans to the entity from the schemes.

Note 22: Company Details The registered office of the National Institute of Circus Arts Ltd is:

144 High Street Prahran VIC 3181

Note 23: Events Occurring after Balance Date No matters or circumstances have arisen since the end of the reporting year which significantly affect or may significantly affect the operations of the entity, the results of those operations, or the state of affairs of the company in future financial years.

Note 24: Economic Dependency The National Institute of Circus Arts Ltd receives financial support from the parent entity Swinburne University of Technology.

Copywriter Aden Rolfe Design Studio Principle Design Photographers Jo Duck, Peter Hyatt, David Wyatt

62. NICA Annual Report 20102011 NICA Annual Report 2010 63. NATIONAL INSTITUTE OF CIRCUS ARTS (NICA) ABN 80 084 913 235 144 High Street Prahran Victoria 3181 Australia Telephone +61 3 9214 6975 Fax +61 3 9214 6574 [email protected] www.nica.com.au