TOURISM VICTORIA ANNUAL REPORT

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notes to the financial statements 30 june 2008 (continued) Note 17. Remuneration of executives The number of executive officers, other than Ministers and the Accountable Officer, and their total remuneration during the reporting period are shown in the first two columns in the table below in their relevant income bands. The base remuneration of executive officers is shown in the third and fourth columns. Base remuneration is exclusive of bonus payments, long service leave payments, redundancy payments and retirement benefits. Although the number of executives within Tourism Victoria during the year was less than the previous reporting period, total remuneration increased. For the majority of 2006/7 there were only 5 executives. Two executives were appointed in late June 2007. In 2007/8 executives were remunerated for the full year. As a result total remuneration increased in 2007/8. Income Band Total Renumeration Base Renumeration 2008 2007 2008 2007 No. No. No. No. $0 – $9,999 – 1 – 1 $10,000 – $19,999 – 1 – 1 $120,000 – $129,999 – – 1 – $150,000 – $159,999 – 1 – 2 $160,000 – $169,999 – 1 2 2 $170,000 – $179,999 3 2 2 1 $180,000 – $189,999 3 1 1 – Total numbers 6 7 6 7 Total amount $1,069,849 $876,049 $983,098 $829,951 Note 18. Remuneration of auditors 2008 2007 $ $ Victorian Auditor General’s Office Audit of the financial report 20,000 20,000 20,000 20,000 Note 19. Subsequent Events There were no subsequent events as at balance date which are required to be brought to account or disclosed. 96 FINANCIAL <strong>REPORT</strong> 2007–2008
Level 32, 121 Exhibition Street Melbourne VIC 3000 Australia GPO Box 2219T Melbourne VIC 3001 Australia Tel 03 9653 9777 Fax 03 9653 9755 ABN 18 381 772 530 tourism.vic.gov.au Officer’s Declaration We certify that the attached financial report for Tourism Victoria has been prepared in accordance with Standing Direction 4.2 of the Financial Management Act 1994, applicable Financial Reporting Directions, Australian accounting standards and other mandatory professional reporting requirements. We further state that, in our opinion, the information set out in the statement of financial performance, statement of financial position, statement of cash flows and notes to and forming part of the financial report, presents fairly the financial transactions during the year ended 30 June 2008 and financial position of Tourism Victoria as at 30 June 2008. We are not aware of any circumstance which would render any particulars included in the financial statements to be misleading or inaccurate. We authorise the attached financial report for issue on 3 September 2008 Janine Kirk AM Gregory Hywood Chairman Chief Executive Tourism Victoria Tourism Victoria 3 September 2008 3 September 2008 Bernie Stewart General Manager Executive Services Tourism Victoria 3 September 2008 FINANCIAL <strong>REPORT</strong> 2007–2008 97
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0708 TOURISM VICTORIA ANNUAL REPORT
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Photo: Robert Blackburn. contents c
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OUR MISSION Tourism Victoria works
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Photo: David Hannah. our commitment
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9m International holiday visitor ni
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More interstate travellers visited
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11.4m Domestic overnight visitors t
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Tourism Victoria’s Structure As a
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chairman’s report The tourism ind
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Visitor Figures INTERNATIONAL OVERN
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DOMESTIC Visitor Figures Victoria r
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Output targets & performance Perfor
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domestic marketing Travel + Leisure
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domestic marketing Real Entertainme
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domestic marketing Domestic overnig
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The Medieval Imagination, Illuminte
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Tourism Victoria works with the cru
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product marketing cooperative marke
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During the year more than $10 milli
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INTERNATIONAL MARKETING For every d
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international marketing Birrarung M
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2008 Formula 1 ING Grand Prix, Melb
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Sports Business International named
Page 47 and 48: Corporate & destination communicati
Page 49 and 50: USAGE OF TOURISM VICTORIA INFORMATI
Page 51 and 52: Tourism Excellence Tourism Excellen
Page 53 and 54: Entries to the Victorian Tourism Aw
Page 55 and 56: investment attraction Facilitated $
Page 57 and 58: IN DETAIL APARTMENT HOTEL, Melbourn
Page 59 and 60: Melbourne airport recorded a 9% inc
Page 61 and 62: STRATEGY & POLICY Tourism Victoria
Page 63 and 64: strategy & Policy Tourism Victoria
Page 65 and 66: legislative requirements Portsea ba
Page 67 and 68: FREEDOM OF INFORMATION Freedom of I
Page 69 and 70: • Protected Disclosure Officer: p
Page 71 and 72: FIVE year comparison FINANCIAL COMP
Page 73 and 74: OPERATING statement FOR THE FINANCI
Page 75 and 76: STATEMENT OF CHANGES IN EQUITY FOR
Page 77 and 78: notes to the financial statements 3
Page 97: notes to the financial statements 3
Page 101 and 102: DISCLOSURE INDEX report of operatio
Page 103: Tourism Victoria’s offices Melbou
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