SUSTAINABILITY REPORT - Landcom

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CORPORATE INDICATORS IN 2003/2004 LANDCOM RETURNED $88 MILLION TO THE NSW GOVERNMENT IN THE FORM OF DIVIDENDS AND TAX-EQUIVALENT PAYMENTS. GOOD PERFORMANCE WHERE A TARGET IS NOT APPLICABLE INDICATORS 16 TO 21 – PROFITABILITY PURPOSE Landcom’s objective is to operate as a successful corporate entity with at least the same level of efficiency as any comparable private sector company. Indicators 16 to 21 provide a measure of Landcom’s profitability. TARGET Landcom aims to operate as a successful business and maximise the net worth of the State’s investment in its operations. RESULTS Indicator 2003/2004 2002/2003 Sales revenue $333,253,723 $281,222,000 Sales margin 48.8% 51.2% Return on sales 26.3% 29.5% Earnings before interest and tax (EBIT) $132,180,000 $127,130,000 Return on equity 24.6% 26.1% Return on total operating assets 15.1% 16.5% INDICATOR 22 – FINANCING CAPACITY PURPOSE This indicator provides a comparison between Landcom’s external financing arrangements and capital provided through the State Government’s shareholder equity and profits retained from previous years. Landcom’s maximum debt levels are established through periodic capital structure reviews undertaken by Landcom and the NSW Treasury. TARGET Landcom aims to provide a responsible balance between its net debt and total equity. RESULTS Indicator 2003/2004 2002/2003 Debt to equity ratio 8.0% 9.5% INDICATOR 23 – RETURNS TO GOVERNMENT PURPOSE This indicator measures Landcom’s annual return to the State Government. TARGET Landcom’s objective is to provide an appropriate return to the State Government. In 2003/2004 this represented 40% of the Corporation’s net profit. In addition, Landcom pays an income tax equivalent to the State. The tax rate is currently set at 30% of net profit. Landcom also pays all other NSW charges and taxes imposed on private-sector organisations, including stamp duty and land tax. Landcom’s returns to government assist NSW Government to fund operations and capital works. The balance of the Corporation’s net profit after payment of dividends and income tax (currently 30% of earnings before tax) is reinvested into Landcom’s activities. RESULTS Indicator 2003/2004 2002/2003 Returns to Government $87,978,000 $83,081,000 INDICATOR 24 – JOB CREATION PURPOSE This indicator measures the economic output and employment generated from our activities. TARGET There is no specific target other than to demonstrate tangible ways of how we contribute to the economy of NSW. RESULTS Indicator 2003/2004 2002/2003 Total number of jobs created through Landcom’s activities 5,270 4,470 Total economic output generated from Landcom’s activities $413,026,700 $350,351,900 38
CASE STUDY AUSTOOL TOOLING UP FOR THE FUTURE WITH AUSTOOL Job growth is a major priority for the New South Wales Government. Its Western Sydney jobs plan encourages employment, investment and innovation in what is one of Australia’s fastest-growing regions. Landcom played a unique role, as the land owner and developer, in creating new jobs at the Austool Business Park at Ingleburn. The development is home to the Australian Centre for Toolmaking Innovation – a state-of-the-art design and training complex that opened for business in March 2004. Landcom contributed the land, valued at $1.4 million, and spent a further $4 million constructing the Centre. The Australian Federal Government provided $1.2 million in start-up and operating capital. The Centre comprises a production support, testing calibration and certification service; specialised education and training; research and development technologies; and a design and engineering studio. The Austool Toolmaking Centre has the potential to generate 770 jobs, increase exports by $63 million and boost economic activity by about $80 million over 10 years. ENCOURAGE EMPLOYMENT Landcom Development Director, Graham Dickie, says “Austool began life as a not-for-profit company formed by toolmakers to provide its members with access to resources beyond the reach of individual firms. It now leases space to companies so they can conduct research and develop their products”. “We granted Austool a concessional lease to allow an establishment period that will revert to market rental once Austool is up and running commercially,” says Graham. “Austool will at any time be able to purchase the facility. The remainder of the site was subdivided to create the Austool Business Park, offering 23 serviced sites specifically for toolmaking and related industries. This provides potential for a technology park dedicated to enhancing toolmaking in Australia.” Austool Chairman, John Wisby, describes the centre, which is the first of its kind in Australia, as “a landmark project”. “The Austool Business Park is offering a struggling industry the opportunity to thrive again,” John says. “It will bring together the wide range of facilities needed to drive innovation and production, improve today’s toolmakers and help them become world competitive.” AUSTOOL BUSINESS PARK AUSTOOL BUSINESS PARK 39
Page 1 and 2: SUSTAINABILITY REPORT 2004
Page 3 and 4: INVESTMENT TODAY BRINGS A SUSTAINAB
Page 5 and 6: JOINT STATEMENT FROM THE CHAIRMAN A
Page 7 and 8: ‘‘ Landcom has a foot in both c
Page 9 and 10: Indicator Description Target 2003/2
Page 11 and 12: OUR PROFILE LANDCOM’S VISION IS T
Page 13 and 14: SUSTAINABILITY AND POLICY TEAM MANA
Page 15 and 16: PRODUCTS AND DELIVERY MECHANISMS Wh
Page 17 and 18: ‘‘ When Australand started work
Page 19 and 20: PROJECT INDICATORS OUR TBL PROJECT
Page 21 and 22: Landcom encourages community partic
Page 23 and 24: CASE STUDY WORRELL PARK BEWARE OF C
Page 25 and 26: INDICATOR 6 - CONSUMER EDUCATION ON
Page 27 and 28: PROJECT INDICATORS CONTINUED 95.9%
Page 29 and 30: INDICATOR 10 - SUSTAINABLE OR RENEW
Page 31 and 32: CASE STUDY ESP VICTORIA PARK SOLAR
Page 33 and 34: CASE STUDY CADDENS WOOD SEEING THE
Page 35 and 36: CASE STUDY PARK CENTRAL CREEK REHAB
Page 37 and 38: Public entry to Prince Henry at Lit
Page 39: ‘‘ The archaeological managemen
Page 43 and 44: INDICATORS 27 AND 28 - SUPPLIER PRE
Page 45 and 46: INDICATOR 32 - EMPLOYEE RETENTION R
Page 47 and 48: ASSURANCE STATEMENT Corporate Susta
Page 49 and 50: GLOSSARY AVERAGE RECURRENCE INTERVA
Page 51: DESIGNED AND PRODUCED BY ROSS BARR

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