Cabramatta Golf Club Limited

Cabramatta 

Golf Club Limited 

ABN 75 000 060 355 

FINANCIAL 

STATEMENTS 

FOR THE YEAR ENDED 

31 MARCH 2012

Cabramatta Golf Club Limited 

Cabramatta Rd, Cabramatta NSW T 02 9602 8283 F 02 9601 3216 

www.cabragolf.com.au 

Office Bearers 2011/2012 

President: P Mahoney 

Vice-President: C Zouroudis 

Captain: J Dunkin 

Vice-Captain: B Hardy 

Hon. Treasurer: G Pomponio 

Directors: G Nance, R Brown, T, Lamb, D Krilich 

Sub Committees: P Mahoney (Chairman), C Zouroudis, J Dunkin, G Pomponio, 

G Nance, B Hardy, R Brown, T Lamb, D Krilich 

House and Social: C Zouroudis (Chairman), P Mahoney, J Dunkin, 

G Nance, B Hardy, R Brown, T Lamb, D Krilich. 

Match and Greens: J Dunkin (Chairman), G Nance, P Mahoney, C Zouroudis, 

B Hardy, T Lamb, R Brown, D Krilich. 

Investigation: J Dunkin, P Mahoney 

Handicap: J Dunkin, P Mahoney 

By-Laws: B Basan, P Mahoney 

General Manager: B Basan 

Auditor: Regans Accountants, Chartered Accountant 

Report and Balance Sheet for the year ended 31st March 2012 

Current Life Members 

Cliff Warren Ray Hokin Iain Wright 

Bill Watson Don Wombey Fred McKinnon 

Peter Mahoney Ron Facey Trevor Nance 

Contents 

Notice of Annual General Meeting 

President’s Report 

Treasurer’s Report 

General Manager’s Report 

House Chairman’s Report 

Captain’s Report 

Mixed Pennants 

Super Senior Report 

Eric Apperly Shield 

Encourage Shield Report 

Junior Pennant Report 

B Grade Pennant (TL Warren Trophy Report) 

C Grade Pennant (Gibson Shield Report) 

Auditor’s Independence Declaration 

Notes To And Forming Part of The Financial Statements 

Statement of Financial Performance 

Bar Trading Statement 

Income & Expenditure Statement 

Statement of Financial Position 

Statement of Changes In Equity 

Statement of Cash Flows 

Notes to the Financial Statements 

Director’s Benefits 

Director’s Declaration 

Audit Report to the Members 

Audit Opinion 

Disclosure of Interests 

Nomination Form page 

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CABRAMATTA GOLF CLUB LIMITED ANNUAL REPORT 2012 ABN 75 000 060 355 CABRAMATTA GOLF CLUB LIMITED ANNUAL REPORT 2012 

ABN 75 000 060 355 

Notice of Annual General Meeting 

Notice is hereby given that the 65th Annual General Meeting of Members 

of Cabramatta Golf Club will be held in the Clubhouse, on Monday 6th August 2012 at 

7.30pm. 

(1) Confirmation of Minutes of the Annual General Meeting held on 8th August 2011. 

(2) To receive, consider, and if thought fit adopt the Balance Sheet and Accounts, 

Directors’ Report, Statement by Directors and Auditors’ Report. 

(3) To elect a President, Vice-President, Treasurer, Captain and Committee in accordance 

with the Articles of Association of the Club. (Those holding office at present are 

retiring, but are eligible for re-election.) 

(4) All questions relating to the Financial Statements should be in writing to the General 

Manager no later than 7 days prior to the Annual Meeting. 

(5) Notice of Special Resolutions: 

To consider and if thought fit, pass the following Resolutions as approved by the 

Board of Directors: 

Resolution 1. 

That pursuant to the provisions of the Registered Clubs Act: 

1. The Members hereby approve and agree to reasonable costs incurred by the Club 

until the next Annual General Meeting of the Club associated with the following 

activities: 

(a) The costs of Directors attending meetings convened by the NSW Golf Association 

or other clubs for the promotion development and management of the sport, 

pennants and inter-club tournaments. 

(b) The costs of Directors attending Seminars, Trade displays of similar events 

approved by the Board from time to time. 

(c) The costs of Directors attending functions as the Club’s representatives. 

2. The Members acknowledge that the benefits in paragraph (a) to (c) are not available 

to Members generally but are available only to Directors of the Club. 

Resolution 2. 

That pursuant to the provisions of the Registered Clubs Act: 

1. The Members hereby approve and agree to reasonable costs incurred by the Club until 

the next Annual General Meeting of the Club associated with the following activities: 

(a) The cost of refreshments immediately before or after a Board Meeting or a Sub- 

Committee Meeting. 

(b) Attendance of Directors and their partners at an Annual Dinner prior to the 

conclusion of their term of Office; and 

(c) That each Director be entitled to a specified parking space in the car parking area. 

2. The Members acknowledge that the benefits in paragraph (a) to (c) are not available to 

Members generally but are available only to Directors of the Club. 

NOTES TO MEMBERS: 

These notes are to be read in conjunction with the proposed Resolutions: 

1. The Resolutions are proposed so that Members at the General Meeting may 

approve the incurring by the Club of reasonable costs in relation to the duties 

performed by the Club’s Directors. 

2. Each of the Resolutions must be passed as a whole and cannot be amended by 

motions proposed at the meeting and may not be divided into two or more separate 

motions. 

(5) Certification of President’s and Captain’s expenses: 

To consider and if thought fit, pass the following Resolution: 

That the President and Captain be entitled to be reimbursed for certified expenses 

incurred in carrying out their duties in a sum not exceeding $1000 by each Officer 

in the year ending 31st March 2013. 

(6) To transact any other business that may be brought before the Meeting in conformity 

with the Constitution of the Club. 

By Order of the Board of Directors 

Bill Basan 

General Manager This 31st Day of May 2012 

4 All questions relating to the Financial Statements should be in writing to the General Manager no later than 7 days prior to the Annual Meeting. 

All questions relating to the Financial Statements should be in writing to the General Manager no later than 7 days prior to the Annual Meeting. 5


ABN 75 000 060 355 

President’s Report 

On behalf of the Board of Directors of Cabramatta Golf Club Limited, I have pleasure in 

presenting the Annual Report and Balance Sheet for the year ending 31st March 2012 

I would like to thank the Committee, Billy Basan and the staff, their efforts in helping the club 

again make a healthy profit is much appreciated. If it were not for the very wet year, it would 

have been a lot better. There are a lot of Golf Clubs who are really struggling so I thank you 

all. 

We have poker at the club every Monday, Tuesday, Wednesday and Thursday nights, without 

these nights we would have been struggling to make the profit we did make. 

Bellissimo’s Restaurant is still doing well, drawing big crowds to the club. Mothers day this 

year was again very popular with the patrons, with both lunch and dinner full houses. 

After nineteen years of writing hard luck stories about the Major Pennants, I can finally write 

how well they did. Congratulations to the team on winning the Division 2 Competition, at 

Moore Park, beating Wakehurst. I would like to thank Mick Nagy for asking me to caddy for 

him this year, it was good to watch him go through the competition undefeated. 

I would like to congratulate all our Cabramatta representative teams this past year. B & C 

grades’ both made it to the finals, both going down. The Super Seniors on winning their 

division, however losing to the Lakes at Castle Hill in the quarter finals. The Master Pennants 

winning their division last year. Also congratulations to the Encourage Shield, Juniors, Eric 

Apperly and Mixed sides for their efforts. The players selected are to be congratulated and 

thanked for their efforts and the manner that they conducted themselves while representing 

the club. Thanks also to all the caddies and supporters for turning up each week. 

On another note, one of our long standing members, Wayne Park has reached a mile stone 

here at Cabramatta Golf Club representing in the following pennants (as age permitted). 

Wayne represented Cabra in Encourage Shield, Junior Pennants, Eric Apperly Shield, Major 

Pennants, Mixed Pennants and this year has lined up for the Masters and playing well. 

Congratulation Wayne and thank you for your dedication to our great club. 

Congratulations Andrius Belkus for winning the Club Stroke championships and to the other 

major event winners. 

What can you say about the efforts of Peter Stojanovski, he only managed to play the first 

round of the Club Championships, because bigger events beckoned. He went and won the 

NSW junior tournament and then went to Victoria to play in the Aaron Bradley tournament 

were he got beaten in a playoff. Peter then went to China and was the best performed 

Australian. 

Well done to Andrius Belkus and Nathan Park on both qualifying for their Professional Tickets 

this year, we wish you both well in your chosen careers. 

To my fellow Directors, I would like to express my appreciation for your dedication throughout 

the year. Our Club Captain, John Dunkin, who has again devoted many hours for the well 

being of our club, both at the office of Cabramatta and representing us at interclub meetings 

where he is delegate to the NSW Golf Association. 

My personal thanks to my Vice- President, Chris Zouroudis, for his total support he has given 

me. Chris has done a good job as House Chairman and to Allan Lucas for his assistance 

with the Spin and Win nights. 

I would like to thank Giulio Pomponio for his dedication as the Treasurer. He is doing a great 

job of helping Bill monitor and control finances. 

I would also like to express my thanks and the thanks of the Board to the Associates for their 

co-operation and the support they give to the club. 

Every year I thank Bill Watson, Matt Dowd, and Bob Brown for their efforts in teaching the 

young players, if you have a look at the players in the Major Pennant side this year, half of 

them came through the Saturday Morning Clinic. It is the effort these three put in that helped 

the club achieve the success it has. 

We have to recognise the important role our staff have in the success the club achieves. To 

our General Manager, Bill Basan, Office Administrator, Monica and our Bar Staff, Matthew 

Carrier, Dayman Huynh, Dickson Do, Jean Walton, Paul Rule and JulieTea, our Green Staff 

headed by Steve Kazurinsky, Dean Attard, Nick McCann, Shane Attard, Paul Sanders, Bob 

Erskine, Matthew Martin and Chris Catt, our Professional Matt Dowd and his assistants, 

Jace, Michelle, Andrius & John. We thank you all for your individual efforts and your ability to 

work as a team for the good of the club. 

It is with sincere regret that I report the passing of Margaret Carroll, she put in many years of 

working Friday nights doing the Spin & Win, she will be missed by all. 

On behalf of the Board of Directors, I would like to thank the members for their support during 

the past year. Your participation in the activities of our club is important to the overall success 

of Cabramatta Golf Club. 

Peter Mahoney 

CLuB PReSIDeNT 




ABN 75 000 060 355 

Treasurer’s Report 

The result for the year ended 31 March 2012, was a Operating Profit of $104,635. The 

final result was a little disappointing, as profits mid year, indicated an operating profit in 

excess of $200,000. However, for the second year in succession, extreme wet weather 

had a significant effect on Competition fees, Green fees, Bar trading and Poker machine 

revenues. Combined with the additional costs associated with maintaining the Golf Course 

to acceptable standards, profit levels were severely affected during the summer months. 

Comparative financial figures for the last 3 years indicate:- 

2011/12 2010/11 2009/10 

$ $ 

Total Revenues 3,351,213 3,335,762 3,209,231 

Expenses 2,946,240 2,956,194 2,871,744 

Operating Profit 104,635 88,818 49,074 

Profit – Bar Trading 198,575 205,256 190,340 

Poker Machine 912,374 908,219 870,083 

Members Funds 12,661,752 12,557,117 12,415,041 

Despite the weather setbacks over the past 2 years, we continue to trade profitably, slightly 

increasing gross revenues, whilst reducing expenditure. 

A recent survey conducted by HLB Mann Judd (Chartered Accountants), on 60 Sydney 

Metropolitan Golf Clubs for the 2011 year, reported that nearly 75% of all golf clubs surveyed, 

failed to report a Surplus during the last year. 

These results indicate a worrying trend of reduced memberships, reduced non-member 

participation, and increased costs of providing golf course facilities. 

Based on our results, it is a credit to all our members, the clubs employees, and the Directors, 

for all their hard work, which has allowed our club, to be the envy of many rival clubs. Despite 

the results, we must continue to be prudent in keeping a rein on all expenditures. 

In the past 12 months, major Capital Expenditures were:- 

$ 

30 Yamaha Golf Carts 204,000 

3 x Poker Machines 90,146 

Ford Ranger – Motor Vehicle 39,909 

All of these were paid from current cash flows, with no borrowings. 

We now have a Strategic Plan in place for the next 3 years, with details of projected Financial 

Statements and Capital Expenditures. 

It has been a difficult 12 months, although pleasant, and it is a honour to be the Treasurer of 

Cabramatta Golf Club. Again I thank all the members, the Staff, and fellow Board Members 

for the current year, and look forward to the next 12 months. 

Giulio POMPONIO 

TReASuReR 

29 May 2012 

Membership 

Members Associates 

Full Playing 537 80 

Junior 37 13 

Week Day Members 88 - 

Cadets - - 

Country 4 1 

Life Member 9 2 

Honorary 9 7 

Social 705 - 

General Managers Report 

As always it is an absolute privilege to give Club members my thoughts on the financial 

year just completed. 

All things considered the profit of $104,635 is a very satisfying result. The constant wet 

weather caused major disruption to competition income, social green fees, motorized cart 

hire and the flow on to bar sales and other Clubhouse activity. If not for the poor weather a 

profit of $150,000 to $200,000 could have easily been achieved. It was not only the amount 

of wet days that we encountered but the actual days that it rained , namely Wednesday’s, 

Saturday’s & Sunday’s our big income day’s. 

I was taught years ago that “you can only play with the cards that you are dealt”, so 

enough on the rain and what I have been told are “excuses”, we will accept the $104,635 

profit and continue to ensure that our Club is financially secure in what are very tough 

times not only in the Club Industry but especially in the Golf Club Industry. I am currently 

surveying Annual Reports of similar Golf Clubs to ours, unfortunately I am hearing some 

horror stories out there for many of our neighboring or similar Clubs, to most there is no 

simple fix and I do not know what their future holds. 

I do know that the hard decisions made by our Board of Directors three or four years ago 

to extend and renovate has halted a rapidly declining turnover in both bar and gaming. 

These decisions not only satisfied State Government changes regarding smoking but have 

now given us a solid base to move ahead to produce the necessary turnover required to 

maintain a golf course of our standard. 

I will leave the breakdown of the “financials” to Treasurer Giulio and similarly I will leave 

“match and greens” to Captain John. 

I must however talk of my huge satisfaction of our Golf Course at the moment. The 

improvement in the past six months has been most noticeable and I can only dream of 

what condition we will be in given another twelve months under Course Superintendant 

Steve Kazurinsky. To Steve and his hard working team well done, it is very pleasing to hear 

the many positives comments from long term members and also visitors playing our course 

for the very first time. 




ABN 75 000 060 355 

As happy as I am with the golf course I must say the Clubhouse and Administration keeps 

on ticking over with a minimum of fuss. The reason that this can occur is the backbone 

of Administration, Monica who deserves every accolade in the book, her loyalty and 

dedication to Cabramatta Golf Club over the past nineteen years has to be acknowledged 

and admired. Another stalwart is Bar Manager Matt Carrier who also has twenty years of 

loyal service to his credit. To the rest of my dedicated Clubhouse team namely Dickson, 

Dayman, Jean, Julie, Paul (froggy) and Adrian, thank you for your efforts and reliability 

over the past twelve months. 

A big thank you to my mate Matt Dowd and his crew in the Pro Shop, it is a great to have 

the confidence that I have in the Pro Shop operations and the friendly yet professional way 

they work with Administration. 

My last big thank you goes to my friends Frank & Julie Raso from Bellissimo’s, when I first 

started here a bit over four years ago we were paying a retainer of $1,000 per month to 

a caterer to have no one eat here. I was also told “we have tried for forty years to have 

a successful restaurant and they have all failed”. Well what do you know, Bellissimo’s at 

Cabramatta Golf Club has been a major success, opposing Clubs copy us, in fact many 

have unsuccessfully tried to poach Bellissimo’s. I am very glad that you have stayed loyal 

to us and look forward to working closely with Bellissimo’s for many years to come. 

Congratulations to all our Champions throughout the year and to all our various 

representative teams, thank you for the manner in which you represented our Club. 

I know Captain John will talk about our Division 2 Pennant win at length, so I want to 

acknowledge the mixture of youth and experience that proved the winning formula. What a 

great advertisement of our highly successful junior development program being supervised 

by Bill Watson, Matt Dowd & Bob Brown. It is very satisfying to know that as we lose one 

or two to chase their dreams in the professional ranks there is another wave of young guns 

hungry and ready to fill the vacant spaces. 

We all hope for dryer conditions, resulting in more golf, resulting in a better 2013 Annual 

Report that will be the envy of most Golf Clubs. 

Until next year, good health and good golfing! 

Bill Basan 

GeNeRAL MANAGeR 

House Chairmans Report 

Firstly, thank you to the girls, Monica, Kathy, Kay, Michelle and Debbie. To our members 

Alan Lucas, Ted Darmic, Steve Clark, John Dunkin and Peter Mahoney, thank you for your 

efforts with the club’s social functions. I apologise if I left anyone out. 

It has been another very productive year with the club’s activities and with all the rain and 

cancellations on the course, again poker has helped contribute to the golf club’s turnover. 

Corporate days and functions have been increasing steadily over the past year. Also I 

would like to thank Bellissimo’s, Frank and Julie for the catering they provide for the club. 

Due to the current economy, companies/business either closing down, or their struggling, 

Cabramatta Golf Club should be proud turning over a profit. 

Finally I would like to thank the guys on the Board, Peter Mahoney, Giulio Pomponio, John 

Dunkin, Greg Nance, Bob Brown, Denis Krilich, Terry Lamb and Brendan Hardy for their 

commitment 

Chris Zouroudis (zed) 

HOuSe CHAIRMAN 




ABN 75 000 060 355 

Captain’s Report 

This year the club competed in Major and Masters Pennants, Eric Apperly Shield, Junior 

Pennant, Encourage Shield, Warren and Gibson Shield, Super Seniors and Mixed 

Pennants. 

To the Managers of these teams, thank you for giving of your time and for those selected 

to play congratulations. We won our division in the Masters, Juniors, & Super Seniors. We 

were beaten in the semi – final of the Junior pennant. Our Major Pennant team won their 

division and went on to win the Division 2 pennant, our first major win in 24 years. 

Peter Stojanovski won the NSW Junior Championship, beating a star studded field 

around the Charlestown Golf Club in Newcastle. He represented in the Aaron Badderly 

International and was successful in winning two 54 hole tournaments in the Middle East 

Club Champion 

Andrius Belkus won the championship for the first time, his score of 287 was tremendous, 

he was seven over at the end of round one and he finished seven over. Any time you can 

score under par on the course during championship play says much for your ability and 

Andrius has much of that. He is looking at testing his game in the pro ranks and we wish 

him all the best in those endeavours. 

In a close battle for second Shannon Speller again filled that role this time he was one 

place in front of his nemesis Mick Nagy. Owen Woodley is the Junior Champion and Greg 

McKay won the senior title congratulations to them. 

In the final of the Matchplay this year we witnessed a dominant performance from Troy 

Norris he defeated Shannon Speller 8/7. 

Major Pennant Team 

The selected team for this year was: 

Troy Norris (c) Andrew Marsh Shannon Speller Andrius Belkus 

Peter Stojanovski Mick Nagy Josh Ingram Tom Dunkin 

Owen Woodley Greg Narayan 

Owen and Josh debuted for Cabramatta in the first seven this year. This year we were 

successful in the divisional games, we won all matches at home, our only loss was 

to Avondale away, we beat both Killara and Bankstown away. In the semi – final at 

Cumberland we were seeded against Liverpool in a match that could have gone either 

way, we prevailed 4 matches to 3. The match was extremely close, Mick Nagy’s fight back 

from 4 down thru 4 holes to win 2/1 was the pivotal game. 

In the final we were matched up against Wakehurst at Moore Park. Through the first nine 

holes Wakehurst had the better of the contest our team were able to gain the ascendency 

around the back nine. Andrew Marsh was up all day and recorded our first point with a 3/2 

win, Josh Ingram was 2 down with 3 to play, a birdie par par finish saw him gain another 

valuable point at the same time Mick Nagy and Troy Norris were winning their games to 

give us an unassailable lead. Peter Stojanovski was 2up with 2 to play and Andrius Belkus 

was on his way to victory when they were called off the course. We recorded a 5/2 victory. 

We will be competing in division one in 2012. 

To the many members who act as caddies for the team thank you it is most appreciated. To 

the many supporters who attend our games thank you. It is the envy of other clubs to see 

so many Cabra shirts at our matches, the Wakehurst team Captain was impressed with 

the support we had. Thank you to Trish Nance for her assistance in refereeing the team 

matches this year. 

Golf course Renovations and Additions 

Our new course Superintendent Steve Kazurinsky started in October. In the short time 

he has been with us the course has shown rapid improvement, grass on tees and strong 

growth structurally within our greens. 

The area around the 5th green was landscaped, the bunkers at the 12th and 15th have 

been rebuilt, the 15th has been built using bitumen as the base, we will see how this goes 

over the next 12 months. We will be working our way through the bunkers on the course 

until all bunkers have had a makeover. 

Dean Belgre resigned his role as second in-charge to pursue private interests we wish him 

all the best and thank him for his contribution to our club. The past summer has been the 

wettest one for many years and the growth around the course caused many great angst. 

I would like to thank Steve, his team of Nick McCann, Dean Attard, Shane Attard, Paul 

Sanders, Bob Erskine and Matt Martin, Chris Catt our apprentices, for their assistance in 

working the additional hours needed to get on top of the long grass. 

Administration 

Our club is in a solid financial position, club patronage is up, the poker nights are 

successful, our partnership with Bellissimo’s is forging ahead, corporate golf days and 

sponsorships are on the increase due largely to Bill Basan and Monica’s dedication, it is 

very much appreciated. 

Professional 

We are fortunate that Matt Dowd and his dedicated team of Andrius, Michelle, John 

and Jace provide the members with a standard of service second to none so for all 

golfing needs speak to Matt and his team. Matt’s help in organising the sponsor’s day is 

appreciated. 

Junior Development 

Each Saturday Bob Brown, Bill Watson (Life Member) together with our Professional, 

Matt Dowd coach as many junior golfers as possible. The Hoxton Park Driving Range has 

closed and now Bill and his team attend the Milperra range. 

We are looking to extend the practice tee on the 10th fairway so Matt Dowd can coach the 

kids in this area, the club sponsors this programme and it provides us with a steady stream 

of young people. Bill’s dedication to fostering youth goes largely unnoticed, his staging of 

junior events during school holidays, transporting young people and generally assisting 

around the club is much appreciated. 

New era Cabramatta Cup. 

This year’s Cabramatta Cup was won by Jordan Zunic of the Bonnie Doon club with a 

score of 71, Dimi Papadatos of the Moore Park club came second with a score of 73. 




ABN 75 000 060 355 

Super Senior’s Pennant 

Our Super Senior team won through to the finals, they were undefeated in the divisional 

games. Special thanks to Noel Williams for managing this team: 

John Hardie Noel Williams Ray Cummins Jim Malkus 

Bob Glenday Mick McCormick Steve Druce Ron Armstrong 

Peter Vallance 

Master Pennant 

Ken Higgins 

In the Masters Pennant for over 50’s the 2011 team were beaten in quarter finals by 

Newcastle golf club 4 games to 3 at Bayview. The team was 

Bryan Murray Mark Ratajec Mick McCormick Fred Pello 

Jim Malkus 

Ted Vlores 

Greg Nance Greg McKay Ben Henry 

Results of the Club Championships and other Major Events held throughout the year are 

as follows: 

A Grade and Club Campion Andrius Belkus 

A Grade Runner-up Shannon Speller 

B Grade Champion Wayne Dunn 

C Grade Champion Daniel Rojas 

Senior Champion Greg McKay 

Junior Champion Owen Woodley 

A Grade Match Play Troy Norris 

B Grade Match Play Wayne Dunn 

C Grade Match Play Bruce Dodds 

A Grade Foursome Champions Troy Norris & Mick Nagy 

B Grade Foursome Champions Brendan Hardy & Ted Darmic 

C Grade Foursome Champions Adam Wadick & Pat Weisner 

Mixed Foursome Champions Shannon Speller & Stephanie Solia 

Golden Wattle Cup Chris Kursawe 

Cock ‘O’ Walk Knockout Dylan Marsh & John Ward 

Lone Wolf Knockout John Yoo 

Summer Match Play Not Played 

Pro Am Not Played 

In closing I would like to thank Peter Mahoney, Giulio Pomponio and Bill Basan for their 

assistance, Tricia Nance for refereeing duties during the Major Pennants, a thankless but 

most important job, and Vice-Captain’s Greg Nance & Brendan Hardy for their willingness 

to assist. Greg resigned as vice captain in January, I thank him for his help and assistance. 

Chris Zouroudis for his efforts at Fridays spin and win. Terry Lamb and Bob Brown’s 

assistance when asked was always available and last but not least Dennis Krilich for 

putting the Cabra Confidential together. Thank you to Paul Todd and Wally Freeman of 

New Era Property Developments for their Sponsoring of the Cabramatta Cup, Terry Lamb 

and Chris Zouroudis of Terry Lamb Group for sponsoring the Club Championship winner 

and Peter Lambert of NSW Poker Machines for the sponsorship also Frank and Julie Raso 

and the Bellissimo’s staff for the way they look after our pennant teams. 

John Dunkin 

CLuB CAPTAIN 

Mixed Pennants Report 

The 2012 Mixed Pennant competition commenced on the 8th Jan 2012 with Cabramatta 

Golf Club being in Division 5 with Beverley Park, Gordon & Randwick Golf Clubs. 

The members of our team in handicap order were: 

Bryan Murray Edna Burton 

Mick McCormick Robyn Murray 

John Casey Alice Casey 

Steve Druce Lynette MacPherson 

Phil Carrier Debbie Carrier 

John King Kathleen King 

Barry Maloney Gaynor Maloney 

Our side acquitted themselves very well against strong opposition only losing 1 away match 

and winning all home matches. Beverley Park were our main hurdle also performing well at 

home and away also only losing 1 match away to Cabramatta in the final preliminary round at 

Cabramatta. Cabramatta needed to win the last round to join Beverley Park on 9 points and 

have a margin of 4½ to ½ to move into the finals ahead of Beverley Park but unfortunately 

after a seven hour marathon partially due to a thunder storm intervention a spirited hard fort 

effort wound up 3½ to 1½ to Cabramatta not enough to get the job done but nobody had 

let their team mates down it was just how it panned out and all team members can be very 

proud of their efforts throughout the tournament. 

The camaraderie between the team players and management was fantastic and as a unit we 

thoroughly enjoyed this year’s competition and thank Club for the opportunity to participate. 

In addition I wish to also sincerely thank the catering staff from Bellissimo’s for their fine 

cuisine and service and the Pro Shop Staff for their support as starter and equipment during 

the matches. 

As Team Manager I wish to thank all Team Members, The Manager of the Manager (Sue) 

and Office Staff for making my role as easy as it could possibly get and hope you all enjoyed 

yourselves as much as I did. 

Kind Regards, 

Steve Conrades 

TeAM MANAGeR 

2012 MIxeD PeNNANT 




ABN 75 000 060 355 

Super Senior Pennant Report 

Once again the team performed very well, with the addition of some new players coming 

into the team. I thought we would have a good chance to bring the Pennant to Cabramatta. 

We had a very strong division to compete against, most of the teams were divisional winners 

in 2011. The boys performed very well going through the division undefeated. 

Our Quarter Final playoff was held at Castle Hill against a very good Lakes team. We Tried 

very hard but were finally defeated 4/3. The Lakes now go on to play Belmont who again 

has reached the Final. 

I would like to thank the people who helped out during the season especially Ray Cummins 

for putting his hand up when we were short at the start of the season. The team consisted 

of the following players: 

James Malkus Mick McCormick Peter Vallance Steve Druce 

Robert Glenday Bob Brown Ron Armstrong John Hardie 

Ken Higgins Ray Cummins Noel Williams 

I would like to thank the Club for their support and especially Monica for all her efforts and 

Frank for his service when we played at home. 

Noel Williams 

MANAGeR 

Eric Apperly Shield 

Cabramatta Golf Club was this year represented by Peter Stojanovski, Josh Ingram, Greg 

Narayan, Jace Kelly, Owen Woodley, Tom Dunkin, Mii Tekii & Michael Boskovski. 

Matches were played against Avondale, Oatlands, NSW, Dunheved & Massey Park Golf 

Clubs. This group was a very difficult section to win and advance into the final playoffs. 

The players that were picked to represent Cabramatta gave their all & after defeating the 

favourites of our group, NSW GC, at Oatlands we were in a very strong position to advance. 

In the last game of the group stage they were pitted against Massey Park at their home 

course, unfortunately Cabramatta was beaten in a very tight encounter meaning NSW 

advanced into the playoffs. 

I would like to thank all players, caddies & supporters that participated in this year’s event & 

I am sure that in future events that Cabramatta Golf Club participate the same commitment 

will be showed. 

Good golfing 

Greg Nance 

TeAM MANAGeR 

Encourage Shield Report 

The Encourage Shield is a match play competition which allows juniors who have recently 

been given their handicap to represent their club against other clubs within their area and 

roughly on a similar handicap. 

This year our opposing clubs were - Camden Lakeside, Camden, New Brighton, Liverpool 

and Kareela. 

We had the luxury of two players backing up from last year, being Jackson Graham, our 

number one, and Adarsh Singh, our captain and number two. Along with Jackson and Adarsh 

we had Cameron Glenday playing at three and between them they only lost 2 matches with 

Cameron going through undefeated. 

The new boys along with Cameron were Josh Duncombe, Radovan Meric, Harrison 

Finocchiaro and Patrick Young. Early on in our first game a few of the boys suffered from 

brain freeze but managed to recover before too much damage was done. As a spectator I 

could not have asked for more. On one 130 M. par 3, I saw one tee shot knee deep in the 

rubbish and the other 30 cm. off the green. Shortly thereafter they walked off with the hole 

halved in 8s. Four holes later on a par 5 they both have birdie putts within 6M. This is how 

the games unfolded over the next 4 weeks. The boys were growing in confidence and it was 

evident that they were starting to like this game. 

The entire side played their part starting with a 4/1 win against Camden, followed by 3/2 

losses in the next 4 games. As you can see, the signs are very promising for next year. 

We will probably have Adarsh, Jackson and Cameron going to Junior Pennant and Josh, 

Radavan, Harrison and Pat providing the backbone for the new group coming through. 

To the Mums and Dads, thank you for your support. It is a big step in their development and 

I am sure you enjoyed watching them as much as I did. 

A big thank you to Bill Watson and Matt Dowd for their continued efforts and support of junior 

development within our club. 

Bob Brown 

TeAM MANAGeR 




ABN 75 000 060 355 

Junior Pennants Team 

This year’s Junior Pennant team was a new team from the previous year with the exception 

of one who filled in for one game. 

Dylan Marsh Samuel Williamson Jyiten Wales Chris Catt 

Anthony Okaro Elia Simon Jackson Graham 

In our division this year, we once again went through undefeated, beating Camden 4 ½ to 1, 

Campbelltown 5 to ½ Windsor 3 to 2 ½ , Linwood 5 ½ to Nil. 

This was a very strong result considering it was the first time the boys had represented the 

club in Junior pennants and were pretty much written off by other members within the club 

as easy beats. 

The boys never doubted themselves and showed a strong will to win, even when down in 

their matches they found a way to win. 

Unfortunately we went down in the semi’s against Avondale who had a couple of players who 

went on to play major pennants for them. 

A special thanks to Jackson Graham who filled in for a couple of games coming up from 

Encouraged Shield team and played very strong against lower markers. 

I feel that the boys will be even stronger for the following years in the Junior pennant 

competition given a further year’s experience. 

I would like to thank all caddies and supporters throughout the year and in the final. 

Brendan Hardy 

TeAM MANAGeR 

B Grade Pennants (TL Warren Trophy Report) 

After coming back from holidays I was presented by the captain the 2011 Warren Trophy 

team. He put them through an exhaustive trial process where only the cream that rose to 

the top were selected. The Captain was very confident in his selections, going on record 

saying that they should qualify for the finals and keep the tradition of strong Warren Trophy 

performance alive. 

We were drawn against Wakehurst, Muirfield, Parramatta and Wallacia Golf Clubs and in a 

crazy draw did not get to play them twice nor did we get to play them all at home… well done 

Golf NSW. But these hurdles were mere potholes for our guys who went thru the qualifying 

series undefeated and showed the other teams who qualified that the Cabra boys were here 

to win. 

Our quarter final was against Fox Hills at rain and windswept Randwick GC. I have never 

played in conditions as harsh. Our guys came on top that day, with the highlight of the day 

being a great par on the last from Fast Eddie to see us win 2 -1. 

The semifinal was against our arch enemy Liverpool GC at Beverley Park. It was a close 

tussle all day, with Rob Gray paring the first play-off hole to win the day. 

We now went on to play The Coast GC at Campbelltown GC. I t was very exciting day which 

unfortunately we were to lose. However I did see one of the best shots ever, Mila nailed a 

3 wood over the Dam on 18 from a hanging lie to 2 foot. If he sank the putt we would have 

won the day but unfortunately it lipped out and he and his partner Brendan Hardy lost on the 

2nd play-off hole. Better luck next year. 

Our team was: 

Brendan “The Tank” Hardy: Boy could this guy smash a ball. Everyone was in awe of his 

play. 

Mihovil “The Gun” Bogovic: Brendan’s partner and was the rock of the team, when Brendan 

was two fairways across, Mila was always down the middle 

Robert “The Earl” Gray: Could bomb them out there, as far as Brendan and handled the 

pressure games like a pro 

Fast Eddie Narayan: Was usually getting out of his car when he his name was called, but 

could hit the red little driver from the 80s, straight and long 

Nino” The Skipper” Santone: Our courageous captain who was always positive and played 

great. A shame to see a great club man like him finish with a loss 

Steady John King: Was always competitive and hard to beat. Formed a great team with Nino 

Stephen “Smiley” Umpleby: Hard to get a smile out of him had limited opportunities but a 

great clubman 

Joel “the Man” Petrovic: Had limited opportunities to shine. A player with great potential. 

Danny “Hats of backwards” Weihrauch: Very competitive and when called upon gave 100% 

David “Call me Pete”Blithell: Pete, I mean Dave, was always positive and a great team guy, 

but should look at changing his name to Pete 

Dennis Krilich 

MANAGeR 




ABN 75 000 060 355 

C Grade Pennants (Gibson Shield Report) 

C Grade Pennants Report (GIBSON SHEILD) 

The team that represented Cabra in 2011 are as follows: Brian Bissett, Steve Doorey, Adam 

Wadick, John McGarr, Bill Basan, Chris Zouroudis, John Ward, Paul Dunn, Ronny McMah 

and Paul Dexter. 

In our division we went through undefeated against Wakehurst, Muirfield and Parramatta 

only lost ½ a match. This made us one of the top qualifiers for the semi’s. 

We played our quarter final at Woolooware against The Coast and won 2½. The semi final 

was against Georges River at Beverly Park which we also won 2½, which qualified us to 

the final match against East Lakes were we lost 2 games to 1. This particular game against 

the Lakes consisted a high number of birdies and pars with a very few bogies. Makes you 

wonder about the handicap system at the time. 

The pairing of Adam Wadick and Johnny McGarr went through the season undefeated, Well 

done guys. 

This was one of the hottest pennant teams I’ve played and managed through my term. I 

would like to thank the guys for showing true spirit and commitment right to the end of the 

competition and also like to thank the caddies and spectators for their support. 

ZeD 

Auditor’s Independence Declaration 

As lead auditor of Cabramatta Golf Club Limited for the year ended 31 st March 2012, I 

declare that to the best of my knowledge and belief, there have been: 

a) no contraventions of the auditors independence requirements set out in the 

Corporations Act 2001 in relation to the audit; and 

b) no contraventions of any applicable code of professional conduct in relation to the 

audit. 

This declaration is in respect of Cabramatta Golf Club Limited. 

Regans Accountants Pty Limited 

James Regan Bringelly 

Registered Company Auditor May 2012 




ABN 75 000 060 355 

Notes To And Forming Part of The Financial Statements 

FOR THE PERIOD ENDED 31st MARCH 2012 

Note 1 - Statement of Significant Accounting Policies 

The financial report is a general purpose financial report that has been prepared in accordance 

with Accounting Standards, Urgent Issues Group Consensus Views and other authoritative 

pronouncements of the Australian Accounting Standards Board and the Corporations Act 

2001. 

The financial report covers Cabramatta Golf Club Limited, a limited company incorporated 

and domiciled in Australia. 

The financial report has been prepared on an accruals basis and is based on historical costs 

and does not take into account changing money values or, except where stated, current 

valuations on non-current assets. Cost is based on the fair values of the consideration given 

in exchange for assets. 

The following is a summary of the material accounting policies adopted by the Club in the 

preparation of the financial report. The accounting policies have been consistently applied, 

unless otherwise stated. 

Income Tax 

The Club is exempt from income tax under Section 50-45 of the Income Tax Assessment Act 

(1997), being a non-profit organisation, not carried on for the purpose of profit or gain to its 

individual members and which was established for the promotion of a sporting activity in 

which humans are the sole participants. Accordingly, no account for income tax has been 

made in these financial statements. 

Inventories 

Inventories are measured at the lower of cost and net realisable value. Cost is determined on 

a first in first out basis. 

Property, plant and equipment 

Each class of property, plant and equipment is carried at cost or fair value less, where 

applicable, any accumulated depreciation. 

Depreciation 

The depreciable amount of all fixed assets including building and capitalised lease assets, but 

excluding freehold land, is depreciated on a straight line basis over their useful lives to the 

Club commencing from the time the asset is held ready for use. 

The depreciation rates used for each class of depreciable assets are: 

Class of fixed asset Depreciation rate 

Plant & Equipment 15-33% 

Furniture & Fittings 10-27% 

Poker Machines 25-27% 

Employee Benefits 

Provision is made for the Club’s liability for employee benefits arising from services rendered 

by employees to balance date. Employee benefits expected to be settled within one year, 

together with entitlement’s arising from wages and salaries, annual leave and sick leave 

which will be settled after one year, have been measured at the amounts expected to be paid 

when the liability is settled plus related on costs. Other employee benefits payable later than 

one year have been measured at the nominal value of the estimated future cash outflows to 

be made for those benefits. 

Contributions are made by the Club to an employee superannuation fund and are charged 

as expenses when incurred. 

Segmental Information 

The Club operates in one industry and one geographical location being Sydney, Australia in 

order to provide amenities for Members by way of golf links and Clubhouse facilities and such 

other activities. 

Cash 

For the purpose of the statement of cash flows, cash includes: 

(i) cash on hand and at call deposits with banks or financial institutions net of bank 

overdrafts; and. 

(ii) investments in money market instruments with less than 6 months to maturity. 

Revenue 

Interest revenue is recognised on a proportional basis taking into account the interest rates 

applicable to the financial assets. 

Revenue from the rendering of a service is recognised upon the delivery of the service to the 

customers. 

All revenue is stated net of the amounts of goods and services tax. 

Course Consumables 

The Club maintains a holding of various chemicals, fertilisers and spare parts which are used 

in the ongoing maintenance of the Course. The cost of these items on hand at the end of the 

financial year is brought to account on the statement of financial position under Inventories. 

Comparative figures 

Where required by Accounting Standards comparative figures have been adjusted to conform 

with changes in presentation for the current financial year. 

Goods and Services Tax (GST) 

Revenues, expenses and assets are recognised net of the amount of GST. Receivables and 

payables in the statement of financial position are shown exclusive of GST. 




ABN 75 000 060 355 



$A NOTe 2012 2011 

INCOMe 

Revenue from Business Activities 3,351,213 3,335,762 

Total Revenue 3,351,213 3,335,762 

exPeNSeS 

Expenses related to Business Activities 2,946,240 2,956,194 

Total expenses 2,946,240 2,956,194 

earnings before income tax, 

Depreciation and amortisation 404,973 379,568 

Depreciation 300,338 290,750 

Operating Profit before 

extraordinary items 

104,635 88,818 

Extraordinary Items - 

- 

uNAPPROPRIATeD PROFIT/(LOSS) 104,635 88,818 



$A 2012 2011 

OPeRATING PROFIT BeFORe 

INCOMe TAx 

104,635 88,818 

Income Tax Expenses - 

- 

OPeRATING PROFIT AFTeR INCOMe 

TAx 

104,635 88,818 

Retained Profits at Beginning of Year 12,557,117 12,415,041 

Increase in Asset Revaluation Reserve - 

53,258 

ACCuMuLATeD PROFITS/(LOSSeS) 

AT 31st MARCH 

12,661,752 12,557,117 

Bar Trading Statement 


$A NOTe 2012 2011 

INCOMe 

Sales 813,484 868,966 

Total Revenue 813,484 868,966 

exPeNSeS 

Opening Stock 30,139 26,272 

Purchases 392,255 432,590 

Wages 221,206 234,987 

643,600 693,849 

Closing Stock 28,691 30,139 

614,909 663,710 

Gross Profit 198,575 205,256 

Gross Profit Margin 24.4% 23.6% 




ABN 75 000 060 355 



$A NOTe 2012 2011 

INCOMe 

Trading Profit from Bar 198,575 205,256 

Commissions 20,433 22,519 

Carts 203,555 188,100 

Competition Fees 307,979 298,448 

TAB Operation 3,344 2,679 

Green Fees 249,432 286,908 

Interest Received 59,890 51,553 

Keno Operation 47,199 40,049 

Locker Fees 2,701 680 

Poker Machine Takings 912,374 908,219 

Poker Machine - Tax Rebate 29,153 17,480 

Proceeds from Sale of Assets 48,798 - 

Rental Buggy Shed 3,109 982 

Subscriptions 460,490 449,884 

Sundry Income 90,856 99,964 

Spin & Win 66,863 65,577 

Functions & Events 6,255 7,655 

Rental Income 12,500 5,000 

Nomination Fees 12,800 21,100 

Total Revenue 2,736,304 2,672,052 

exPeNSeS 

Golf & Course Related 1,065,469 1,073,014 

Clubhouse 929,971 893,281 

Administrative 636,229 616,939 

Total expenses 2,631,669 2,583,234 

OPeRATING PROFIT/(LOSS) 104,635 88,818 



$A NOTe 2012 2011 

GOLF & COuRSe ReLATeD 

Carts Commission 43,743 44,401 

Conference Fees 388 2,690 

Carrying Amount on Sale of Assets 29,411 - 

Depreciation - Plant & Equipment 57,267 80,089 

Electricity 16,349 18,391 

Hire of Carts GPS 10,249 - 

Materials 108,250 118,200 

Oil & Petrol 37,553 50,672 

Less Closing Stock -25,693 -9,728 

Professional's Commission 24,906 27,034 

Professional's Retainer 15,278 15,600 

Promotions 13,225 18,150 

Provision for LSL / Holiday Pay 35,182 15,152 

Repairs & Maintenance 100,259 78,855 

Repairs & Maintenance - Carts 20,636 25,344 

Security 7,123 4,195 

Staff Training & Welfare 7,361 918 

Telephone 3,251 4,776 

Tee Signs - 

1,845 

Team Costs 33,454 30,291 

Trophies 110,797 119,829 

Wages 416,480 426,310 

Total Golf & Course Related 

expenses 

1,065,469 1,073,014 




ABN 75 000 060 355 



$A NOTe 2012 2011 

CLuBHOuSe 

Cleaning 50,300 57,147 

Depreciation - Furniture & Fittings 13,186 13,832 

Depreciation - Poker Machines 69,790 66,033 

Depreciation - Buildings 121,361 121,361 

Depreciation - Plant & Equipment 26,096 - 

Electricity 74,944 69,574 

Function Expenses 10,297 18,007 

Gas 13,034 9,477 

Hire of Courtesy Bus 33,760 29,473 

Laundry & Toilet Requisites 9,363 16,063 

Poker League 176,003 156,947 

Poker Machine Tax 6,851 13,455 

Poker Machine Repairs 24,262 30,604 

Purchases 9,092 7,352 


Repairs & Maintenance 65,358 97,163 

Replacements - Crockery etc. 2,643 2,103 

Carrying Amount on Assets Sold 2,134 - 

Security 55,875 50,565 

Spin & Win 86,213 78,961 

Stocktaking Expenses 4,320 4,770 

Subscriptions 45,433 44,104 

Wages - Handyman 17,525 - 

Total Clubhouse expenses 929,971 893,281 



$A NOTe 2012 2011 

ADMINISTRATIVe 

Accounting & Audit Fees 12,300 12,300 

Advertising 1,430 2,072 

Affiliation Fees 29,348 17,829 

Bank Charges 5,802 4,005 

Computer & Website 20,158 26,581 

Depreciation - Motor Vehicle 12,638 9,435 

Directors Expenses 8,619 11,369 

Donations 7,500 3,196 

Entertainment Expenses 5,048 14,105 

Fringe Benefits Tax 1,322 1,417 

General Expenses 9,624 20,464 

Hire of Plant & Equipment 8,321 7,249 

Insurance 74,007 99,871 

Interest 4,147 6,133 

Licensing Fees 6,832 5,787 

Motor Vehicle Expenses 28,179 24,643 

Office Supplies 17,936 8,600 

Payroll Tax 14,862 16,635 

Promotion - Lucky Badge 5,205 1,627 

Rates & Taxes 47,952 44,610 


Signwriting / Placards 10,091 11,353 

Superannuation 86,669 72,332 

Telephone 12,822 11,268 

Wages 171,362 173,881 

Waste Disposal 12,727 3,030 

Total Administrative expenses 636,229 616,939 




ABN 75 000 060 355 



$A NOTe 2012 2011 

CuRReNT ASSeTS 

Cash at Bank 5 60,188 205,847 

Inventories 6 54,384 39,867 

Other Assets 7 1,000,000 838,726 

Total Current Assets 1,114,572 1,084,440 

NON-CuRReNT ASSeTS 

Freehold Land - Golf Course (Valuer 

General's Value) 

Freehold Land - 450 Cabramatta Rd. 

(Market Value) 

6,820,000 6,820,000 

350,000 350,000 

Buildings 4 4,854,207 4,854,207 

Less Accumulated Depreciation 623,075 501,714 

4,231,132 4,352,493 

Plant & Equipment (CLUB) 2 1,143,937 2,979,651 

Less Accumulated Depreciation 705,113 2,275,402 

438,824 704,249 

Motor Vehicles 113,373 57,101 


63,113 32,500 

Plant & Equipment (COURSE) 3 623,998 - 

Less Accumulated Depreciation 259,778 - 

364,220 - 

Security Bond - 

5,000 

Total Non-current assets 12,267,289 12,264,242 

Total Assets 13,381,861 13,348,682 

CuRReNT LIABILITIeS 

Trade & Other Creditors 8 116,569 84,733 

Provisions 9 403,951 389,993 

Other Payables 10 175,114 259,408 

Total Current Liabilities 695,634 734,134 



$A NOTe 2012 2011 

NON CuRReNT LIABILITIeS 

Assets on Finance 11 24,475 57,431 

Total Non-current Liabilities 24,475 57,431 

Total Liabilities 720,109 791,565 

Net Assets 12,661,752 12,557,117 

MeMBeRS' FuNDS 

Accumulated Funds 1 12,661,752 12,557,117 

Total Members' Funds 12,661,752 12,557,117 




ABN 75 000 060 355 

Statement of Changes in Equity 


$A NOTe 2012 2011 

Balance at 1st April 12,557,117 12,415,041 

Asset Revaluation Reserve Increase / 

Decrease 

Net profit/(loss) attributable to 

members of 


- 

53,258 

104,635 88,818 

Balance at 31st March 12,661,752 12,557,117 

Statement of Cash Flows 


$A 2012 2011 

CASH FLOWS FROM OPeRATING ACTIVITIeS 

Cash receipts in the course of operations 3,291,323 3,284,208 

Cash payments in the course of operations 2,980,307 3,144,251 

Net cash provided/(used) by operating activities 311,016 139,957 

CASH FLOWS FROM INVeSTING ACTIVITIeS 

Cash Receipts from Investing Activities 59,890 51,553 

Payments for Property, Plant & Equipment 308,385 112,561 

Net cash used in investing activities 248,495 61,008 

CASH FLOWS FROM FINANCING ACTIVITIeS 

Payments for Financing Activities 32,956 36,296 

Net cash used in financing activities 32,956 36,296 

Net increase/(decrease) in cash held 29,565 42,653 

Opening Cash and Cash equivalents - 1st April 1,030,623 987,970 

Closing Cash and Cash equivalents - 31st March 1,060,188 1,030,623 




ABN 75 000 060 355 



$A 2012 2011 

NOTe 1: MeMBeRS FuNDS 

Accumulated Funds at beginning of year 12,557,117 12,415,041 

Asset Revaluation Reserve Increase / Decrease - 

53,258 

Net profit/(loss) attributable to members of 104,635 88,818 


Accumulated Funds at end of year 12,661,752 12,557,117 

NOTe 2: PLANT & eQuIPMeNT (CLuB) 

Plant & Equipment 321,617 1,698,817 

Accumulated Depreciation 202,365 1,309,100 

119,252 389,717 

Poker Machines 681,224 685,312 

Accumulated Depreciation 431,006 453,320 

250,218 231,992 

Furniture & Fittings 141,096 519,334 

Accumulated Depreciation 71,742 436,794 

69,354 82,540 

Carpets - 

Accumulated Depreciation - 

- 

76,188 

76,188 

- 

Total Plant & Equipment (CLUB) 438,824 704,249 

NOTe 3: PLANT & eQuIPMeNT (COuRSe) 

Plant & Equipment 623,998 - 

Accumulated Depreciation 259,778 - 

364,220 - 

Total Plant & Equipment (COURSE) 364,220 - 



$A 

NOTe 4: BuILDINGS 

2012 2011 

Clubhouse 552,404 552,404 

Building Additions & Renovations 2,325,662 2,325,662 

Greens Shed 473,264 473,264 

Smoking Area 138,477 138,477 

Course Improvements & Layout 1,086,075 1,086,075 

Washdown Bay 157,232 157,232 

Electronic Cabra Sign 33,506 33,506 

Bellisimos Refurbishment 87,587 87,587 


Less Contributions Received 160,000 160,000 

Total Buildings 4,231,132 4,352,493 

NOTe 5: CASH ASSeTS 

Bank Accounts 

CBA Working Account (Overdrawn) -16,429 159,774 

CBA Keno Account 34,821 6,340 

CBA TAB Account 5,769 3,707 

CBA Poker Machine Account (Overdrawn) -1 20 

Cash on Hand 36,028 36,006 

Total Cash Assets 60,188 205,847 

NOTe 6: INVeNTORIeS 

Bar Stock 28,691 30,139 

Materials, Oil & Petrol 25,693 9,728 

Total Inventories 54,384 39,867 

NOTe 7: OTHeR ASSeTS 

SCU Investment Account 1,000,000 - 

CBA Cash Deposit Account 

Other Debtors & Prepayments 

- 824,776 

- 

16 

- 

13,934 

Total Other Assets 1,000,000 838,726 




ABN 75 000 060 355 



$A 2012 2011 

NOTe 8: TRADe & OTHeR CReDITORS 

Eftpos & ATM 42,786 - 

Provision - Lucky Badge Promotion - 

100 

Other Creditors & Accruals 30,304 33,410 

Pro-Am & Junior (Boys & Girls) Holding 

8,296 8,990 

Account 

GST Payable 35,183 42,233 

Total Trade & Other Creditors 116,569 84,733 

NOTe 9: PROVISIONS 

Provision for LSL / Holiday 89,424 68,706 

Provision for Course & Club Improvements 314,527 321,287 

Total Provisions 403,951 389,993 

NOTe 10: OTHeR PAYABLeS 

Income In Advance - Subscription & Locker 

Fees 

175,114 259,408 

Total Other 175,114 259,408 

NOTe 11: ASSeTS ON FINANCe 

Finance TV's - 

12,000 

Finance - Holden Grange 26,841 43,026 

Less Terms Charges 2,366 5,521 

24,475 37,505 

Finance - Poker Machines - 

Less Terms Charges - 

- 

8,919 

993 

7,926 

Total Assets on Finance 24,475 57,431 

Directors Benefits 

FOR THE YEAR ENDED 31ST MARCH 2012 

Your Directors present their report on the financial statements of the Club for the past 

year ended 31st March, 2012. 

Directors: 

The following persons hold office as Directors of Cabramatta Golf Club Limited at the 

date of this report: 

Name Qualifications and Experience Special Responsibilities 

Peter Mahoney Electrical Technician – 20 years President 

Chairman of Finance 

and By-Laws Committees 

Chris Zouroudis Company Director Vice-President 

House Chairman 

Giulio Pomponio Accountant Treasurer 

John Dunkin Driver Captain 

Chairman of Match 

Investigation Committees 

Greg Nance Technician Vice Captain 

Brendan Hardy Director Committee 

Robert Brown Education Committee 

Dennis Krilich Education Committee 

Terry Lamb Ambassador/Marketing Committee 

Paul Dunn Sales Committee (resigned) 

From August, 2011 to July 2012, twelve meetings of the Club’s Directors were held, in 

respect of which each Director of the Club attended the following number: 




ABN 75 000 060 355 

Name of Director Number of Meetings Attended 

P .Mahoney 11 

C. Zouroudis 12 

J. Dunkin 11 

G. Pomponio 11 

B. Hardy 12 

G. Nance 11 

D. Krilich 9 

B. Brown 9 

T. Lamb 9 

P. Dunn 1 (resigned) 

Principal Activity: 

The principal activity of the Club for the financial year was promoting the sport of Golf. 

There has been no significant change in the nature of that activity during that period. 

Results of Operations: 

The net surplus from operations of the Club for the financial year after nil provision for 

income tax and before appropriations was $104,635. 

Significant Changes: 

There were no significant changes in the state of affairs of the Club during the financial 

year. 

Dividends: 

The Club did not pay dividends during the financial year as it is precluded from so doing 

by the Club’s Constitution. 

Matters Subsequent to the end of the Financial Year: 

There are, at the date of this report, no matters or circumstances which have arisen 

since 31st March, 2011 that have significantly affected or may significantly affect: 

(i) the operations of the Club 

(ii) the results of those operations; or 

(iii) the state of affairs of the Club 

in financial years subsequent to 31st March, 2012. 

Future Developments: 

The likely developments in the operations of the Club subsequent financial years are 

the promotion of the sport of Golf. 

Directors’ Benefits 

Neither since the financial year nor during the financial year has a Director received 

or become entitled to receive a benefit (other than a benefit included in the aggregate 

amount of emoluments received or due and receivable by Directors shown in the 

accounts, or the fixed salary of a full-time employee of the Club or a related body 

corporate) by reason of a contract made by the Club or a related body corporate with 

the Director or with a firm of which the Director is a Member, or a Company in which the 

Director has a substantial interest. 

Directors and Officers Indemnification: 

Directors indemnity premiums have been provided for and paid by the Company during 

the year for Directors’ Officers’ Liability insurance. The insurance is in respect of legal 

liability for damages and legal costs to a maximum or $1,000.000 arising from claims 

made by reason of any omissions or acts (other than dishonesty) by them, whilst acting 

in their individual or collective capacity as Directors or Officers of the Company. The 

premium paid for this cover amounts to $1618.65. 

Signed at Cabramatta in accordance with a resolution of Directors made this 30th day 

of May, 2012 

P Mahoney – Director 

G Pomponio - Director 

Director’s Independence Declaration 

The directors declare that the financial statements and notes set out: 

a) Comply with Accounting Standards, the Corporations regulations and other 

mandatory professional requirements; and 

a) Give a true and fair view of the company’s financial position as at 31st March 2012 

and their performance, as represented by the results of their operations for the 

financial year on that date. 

In the directors’ opinion: 

a) The financial statements and notes are in accordance with the Corporations Law; 

and 

a) There are reasonable grounds to believe that the company will be able to repay its 

debts as and when they become due and payable 

This declaration is made in accordance with the resolution of the directors. 

P Mahoney – Director 

G Pomponio - Director 

Cabramatta May, 2012 




ABN 75 000 060 355 

Audit Report to the Members 

Scope 

I have audited the Financial Statements being a Special Purpose Financial Report, for the year 

ended 31st March, 2012 of Cabramatta Golf Club Limited. The Club’s Directors are responsible 

for the financial reporting requirements of the Club and are appropriate to meet the needs of 

the members. I have conducted an independent audit of the Financial Statements in order to 

express an opinion on them to the members of the Club. No opinion is expressed as to whether 

the accounting policies used are appropriate to the needs of the members. 

The Financial Statements have been prepared for distribution to members for the purpose 

of fulfilling the Directors’ financial reporting requirements under the Corporations Act 2001. 

I disclaim any assumption of responsibility for any reliance on this report or on the Financial 

Statements to which it relates to any person other than the members, or for any purpose other 

than that for which it was prepared. 

My audit has been conducted in accordance with Australian Auditing Standards. My procedures 

included examination, on a test basis, of evidence supporting the amounts and other disclosures 

in the Financial Statements and significant accounting estimates. These procedures have been 

undertaken to form an opinion as to whether, in all material respects, the Financial Statements 

are presented fairly in accordance with the accounting policies described in Note 1 to the 

Financial Statements. These policies do not require the application of all Accounting Standards 

and other mandatory professional reporting requirements in Australia. 

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

Audit opinion 

In my opinion, the Financial Statements present fairly, in accordance with the accounting policies 

described in Note 1 to the Financial Statement, the financial position of Cabramatta Golf Club 

Limited as at 31st March, 2012, and the results of its operations for the year then ended. 

Regans Accountants 

Dated this day 30th of May 2012 

INDEPENDENT AUDIT REPORT TO THE MEMBERS OF CABRAMATTA GOLF 

CLUB LIMITED 

Audit Opinion 

In our opinion, the financial report of Cabramatta Golf Club Limited: 

• Gives a true and fair view, as required by the Corporations Act 2001 in Australia, of 

the financial position of Cabramatta Golf Club Limited as at 31st March 2012 and of its 

performance for the year ended on that date, and 

• Is presented in accordance with the Corporations Act 2001, Accounting Standards and 

other mandatory professional reporting requirements in Australia, and the Corporations 

Regulations 2001. 

This opinion must be read in conjunction with the rest of our audit report. 

Scope 

The financial report and directors’ responsibility: 

The financial report comprises the statement of financial position, statement of financial 

performance, accompanying notes to the financial statements, and directors’ declaration for 

Cabramatta Golf Club Limited (the company) for the year ended 31st March 2012. 

The directors of the company are responsible for the preparation and true and fair 

presentation of the financial report in accordance with the Corporations Act 2001. This 

includes responsibility for the maintenance of adequate accounting records and internal 

controls that are designed to prevent and detect fraud and error, and for the accounting 

policies and accounting estimates inherent in the financial report. 

Audit Approach 

We conducted an independent audit in order to express an opinion to the members of the 

company. Our audit was conducted in accordance with Australian Accounting Standards, in 

order to provide reasonable assurance as to whether the financial report is free of material 

misstatement. The nature of an audit is influenced by factors such as the use of professional 

judgment, selective testing, the inherent limitations of internal control, and the availability of 

persuasive rather than conclusive evidence. Therefore, an audit cannot guarantee that all 

material misstatements have been detected. 

We performed procedures to assess whether in all material respects the financial report 

presents fairly, in accordance with Corporations Act 2001, Accounting Standards and other 

mandatory financial reporting requirements in Australia, a view which is consistent with our 

understanding of the company’s financial position, and its performance as represented by 

the results of its operations. 

We formed our audit opinion on the basis of these procedures, which included: 

• Examining, on a test basis, information to provide evidence supporting the amounts 

and disclosures in the financial report, and 

• Assessing the appropriateness of the accounting policies and disclosures used and 

the reasonableness of significant accounting estimates made by the directors. 

When this audit report is included in an Annual Report, our procedures include reading 

the other information in the Annual Report to determine whether it contains any material 

inconsistencies with the financial report. 

While we considered the effectiveness of management’s internal controls over financial 

reporting when determining the nature and extent of our procedures, our audit was not 

designed to provide assurance on internal controls. 

Our audit did not involve an analysis of the prudence of business decisions made by directors 

or management. 

Independence 

In conducting our audit, we followed applicable independence requirements of Australian 

professional ethical pronouncements and the Corporations Act 2001. 

Regans Accountants Pty Limited 

James Regan Bringelly 

Registered Company Auditor May 2012 




ABN 75 000 060 355 

Disclosure of Interests 

1. Important Notes 

1.1 The Registered Clubs Act 1976 defines a Top Executive as being one of the 

five highest paid employees of the club at each separate premises of the club. 

2. Financial Interests in Hotels – Section 41D 

2.1 Club members may inspect the original of these disclosures and declarations 

by making a written application to the Secretary. 

2.2 In the reporting period there were 0 occasions when Directors reported a 

financial interest in a hotel in NSW. 

2.3 In the reporting period there were 0 occasions when Top Executives reported a 

financial interest in a hotel in NSW. 

3. Gifts to Directors and Staff – Section 41e and Section 41F 

3.1 Club members may inspect the original of these disclosures and declarations 

by making a written application to the Secretary. 

3.2 An affiliated body of the club includes subsidiary clubs, and any body which the 

club made a grant to within the previous 12 months. 

3.3 A gift includes money, hospitality or discounts. 

3.4 A gift valued at more than $500 must be disclosed; gifts from Contractors must 

be disclosed if they total more than $500 from an individual contractor in the 

reporting period. 

3.5 Directors 

3.5.1 In the reporting period there were 0 occasions when Directors of the club 

reported receiving gifts from Affiliated Bodies. 

3.5.2 In the reporting period there were 0 occasions when Directors of the club 

reported receiving gifts from Contractors. 

3.6 Top executives and employees 

3.6.1 In the reporting period there were 0 occasions when Top Executives of the club 

reported receiving gifts from Affiliated Bodies. 

3.6.2 In the reporting period there were 0 occasions when Employees of the club 

reported receiving gifts from Contractors. 

3.7 Value of Gifts 

3.7.1 The total value of all gifts that Directors and Top Executives received from 

Affiliated Bodies in the reporting period is $0. 

3.7.2 The total value of all gifts that Directors and Employees received from 

Contractors in the reporting period is $0. 

4. Top executives – S.41H (1)(b) 

4.1 The number of club Top Executives whose total remuneration for the reporting 

period falls within each successive $10,000 band commencing at $100,000: 

4.2 No of Employees Band 

1 $120,000 - $130,000 

The package is inclusive of the compulsory superannuation levy, other 

company superannuation and fringe benefits tax. 

5. Overseas Travel – S.41H (1)(c) 

5.1 In the reporting period the club incurred the following costs for the overseas 

travel of Directors and Employees: 

5.2 Name Position Destination Travel Purpose Costs paid by club 

NIL 

6. Loans to Staff – S.41H (1)(d) 

6.1 The Registered Clubs Act 1976 requires the club to report loans to Employees 

of $1000 or more. 

6.2 In the reporting period the club made the following loans to Employees: 

6.3 Loan Amount Date of loan Interest Rate P.A Term of Loan 

NIL 

7 Contracts Approved by Board – S.41H (1)(e) 

7.1 During the reporting period the Board approved 0 contracts relating to the 

remuneration of the club’s Top Executives 

7.2 The Registered Clubs Act 1976 defines a Controlled Contact as being a club 

contract: 

7.2.1 > in which a Director or Top Executive has a pecuniary interest, or 

7.2.2 > for provision of professional advice relating to the following: 

a.) significant changes to the management structure or governance of the club; 

b.) significant change to the financial management of the club; 

c.) disposal of land; and 

d.) the amalgamation of the club. 

7.3 During the reporting period 0 controlled contracts were approved by the Board 

and forwarded to the Director of Liquor and Gaming of which; 

7.4.1 0 such contracts related to contracts in which a Director or Top Executive has a 

pecuniary interest. 

7.4.2 0 such contracts related to the provision of professional advice. These contracts 

fall into the following advice categories; 

7.4.3 0 Significant change to the management structure or governance of the club. 

7.4.4 0 Significant changes to the financial management of the club. 

7.4.5 0 Disposal of club land. 

7.4.6 0 Amalgamation of the club. 

8. employees Related to Directors and Top executives – S.41 (1)(f) 

8.1 A close relative is defined in section 41B of the Registered Clubs Act 1976 and 

includes the immediate family. 

8.2 In the reporting period, the club employed the following persons who were a 

close relative of a Director or Top Executive of the club. 

8.3 Nil Relative Related to Total remuneration paid to close relative 

9 Payments to Consultants – S.41H (1)(g) and (h) 

9.1 During the reporting period there were 0 instances where the club engaged a 

consultant. 

9.2 The total costs paid by the club to consultants in the reporting period was Nil. 

9.3 Which included the following instances when consultants were paid $30,000 or more. 

9.4 Consultant Nature of Consultancy ($) Amount 

Nil 

10. Details of Settlements paid by the Club – S.41H (1)(i) 

10.1 In the reporting period the club made 0 legal settlements with either a Director 

or club Employee. Being 

10.1.1 0 with a director of the club. 

10.1.2 0 with a club employee. 




ABN 75 000 060 355 

10.2 The total value of all legal settlements was $0 

10.3 The legal costs paid by the club for such settlements was $0 

11 Legal Fees paid by the Club – S41H (1) (j) 

11.1 In the reporting period there were 0 instances when the club paid legal fees for 

Directors and Employees, this included 

11.1.1 0 instances for Directors and 

11.1.2 0 instances for Employees. 

11.2 in the reporting period the club paid a total of $0 being for legal fees paid for 

Directors and Employees. 

12 Gaming Machine Profit – S.41H (1)(k) 

12.1 Gaming machine profit and the gaming machine tax period are defined in the 

Gaming Machine Tax Act 2001. 

12.2 In the most recent gaming machine tax period, the total profit from gaming 

machines was $912,374. 

13 Amount paid to Community Development – S.41H (1)(l) 

13.1 Clubs earning in excess of $1,000,000 p.a. in gaming machine profit can apply 

part of such profit to community development and support. 

13.2 In the reporting period the Club applied Nil to community development and 

support. 

CABRAMATTA GOLF CLuB LTD 

OFFICE BEARERS - NOMINATION FORM 

ANNuAL GeNeRAL MeeTING- MONDAY, 6th AuGuST 2012- 7.30pm 

We the undersigned being Financial Full Playing or Life Members 

hereby nominate 

Mr _____________________________________________________ (No.________) 

a Financial Full Playing or Life Member of the club for the position of 

(Position) ____________________________________________________________ 

_________________________________ __________________________________ 

Proposer’s Name Seconder’s Name 

_________________________________ __________________________________ 

Proposer’s Signature Seconder’s Signature 

I hereby accept the Nomination as above. 

Date: ____________________________ __________________________________ 

Nominee’s Signature 

Members attention is directed to the Club’s Constitution: 

22: Financial Full Playing Members and Life Members shall be the only members 

of the Club entitled to attend and to vote at Annual General Meetings of the 

Club. Each such member shall have one (1) vote. 

66. Nominations for election to the Board shall be made in writing signed by two 

Full Playing Members or Life Members of the Club and signed by the nominee 

and shall state the office or offices for which the nominee is nominated and be 

delivered to the General Manager at least seven days (7) before the date of the 

Annual General Meeting. The Proposer, seconder and nominee shall be Financial 

Members of the Club at the time the nomination form is signed, the General 

Manager shall forthwith post notification of such nominations on the Club Notice 

Board. Nominations close Monday 30th July 2012 at 6.00pm. 

____________________________________________________________________ 

Pensioner/Senior Members: are classified as Full Playing Members and are 

permitted to be elected to the Committee and attend the Annual General Meeting. 

Weekday Members: are not classified as Full Playing Members and are not 

permitted to be elected to the Committee or attend the Annual General Meeting. 

In accordance with the Registered Club’s Act- PROxY VOTeS ARe NOT PeRMITTeD. 




ABN 75 000 060 355 

NOTES 

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All questions relating to the Financial Statements should be in writing to the General Manager no later than 7 days prior to the Annual Meeting. 47 

NOTES 

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PETER MAHONEY 

PReSIDeNT 

BRENDAN HARDY 

VICe CAPTAIN 

DENNIS KRILICH 

DIReCTOR 

CHRIS ZOUROUDIS 

VICe PReSIDeNT 

GIULIO POMPONIO 

TReASuReR 

BOB BROWN 

DIReCTOR 

JOHN DUNKIN 

CAPTAIN 

GREG NANCE 

DIReCTOR 

TERRY LAMB 

DIReCTOR 

BOARD OF DIRECTORS 

2011-2012

Cabramatta Golf Club Limited

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