2004 - 2005 Annual Report - Tourism Australia

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NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2005 NOTE 4 OPERATING REVENUES (continued) NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2005 NOTE 5 OPERATING EXPENSES 4f 4g 2005 NET FOREIGN EXCHANGE GAINS $’000 Non-speculative 958 Total 958 NET GAIN / (LOSS) FROM DISPOSAL OF ASSETS Plant and equipment Proceeds from disposal 45 Net book value of assets disposed (380) Total net (loss) from disposal of assets (335) 5a 2005 EMPLOYEE EXPENSES $’000 Wages and salaries 23,280 Superannuation 1,825 Leave and other entitlements 840 Separation and redundancy payments 591 Other employee benefits 1,329 Total employee benefits expense 27,865 Workers compensation premiums 39 Total employee expenses 27,904 4h OTHER REVENUE Office sub-tenancies 846 Other revenue 282 Total other revenue 1,128 1 Industry contributions reflect the actual value of industry support for Tourism Australia’s activities from cash revenue. In addition to direct revenues from the industry, joint marketing programs were undertaken. Through these programs the industry supplements funds provided by TA for product development, visiting journalist and tactical marketing programs. Due to the nature of the programs, these funds do not form part of the reported level of industry contributions for Tourism Australia, but are in addition to it. 5b 5c SUPPLIER EXPENSES Goods and services from external entities: Advertising 70,956 Promotion and publicity 18,594 Films, publications and distribution 10,596 Information Systems and Telecommunications 6,415 Research, service fees and travel 19,122 Operating lease rentals * 4,912 Total supplier expenses 130,595 * These comprise minimum lease payments only. DEPRECIATION AND AMORTISATION Leasehold, plant and equipment 540 Software (includes websites) 892 Trade Mark 11 Total depreciation and amortisation 1,443 5d WRITE-DOWN OF ASSETS Financial assets: Provision for bad debts 37 Write down of inventory 99 Total write-down of assets 136 5e OTHER EXPENSES Other operating expenses 5,027 Total other expenses 5,027 96 97
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2005 NOTE 6 FINANCIAL ASSETS NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2005 NOTE 6 FINANCIAL ASSETS (continued) 6a 2005 CASH $’000 Australian Dollars 14,794 New Zealand Dollars 167 Euro 57 Hong Kong Dollars 225 Korean Won 29 Japanese Yen 46 Great Britain Pounds 1,086 United States Dollars 148 Singapore Dollars 100 Malaysian Ringgit 37 Thailand Baht 47 Chinese Yuan 27 Other 5 Total Cash 16,768 Balance of cash as at 30 June shown in the Statement of Cash Flows 16,768 6b 2005 RECEIVABLES $’000 Goods and services 5,803 Less: Provision for doubtful debts (219) 5,584 Deposits and advances 596 Receivables for goods and services (gross) 6,180 Insurance fund receivable 1,656 Interest receivable 512 Other receivables 2,168 Total receivables (net) 8,348 All receivables are current assets. TA’s normal terms of trade are 30 days. Receivables (goods and services gross) are aged as follows: Not overdue 4,586 Overdue by: less than 30 days 330 30 to 60 days 618 60 to 90 days 130 more than 90 days 139 1,217 Total receivables (gross) 5,803 The provision for doubtful debts is aged as follows: Overdue by : less than 30 days – 30 to 60 days 23 60 to 90 days 57 more than 90 days 139 Total provision for doubtful debts 219 With respect to trade debtors, debts considered to be irrecoverable have been written off during the period to the amount of $1,800. 98 99
Page 1 and 2: Annual Report 2004/2005
Page 3 and 4: Contents Chairman’s report 5 Mana
Page 5 and 6: Managing Director’s report Touris
Page 7 and 8: Tourism Australia … the story so
Page 9 and 10: Objectives and outcomes 2004 - 2005
Page 11 and 12: ORGANISATIONAL STRUCTURE Minister f
Page 13 and 14: Directors of Tourism Australia The
Page 15 and 16: Corporate Services OVERVIEW The rol
Page 17 and 18: Strategy and Research OVERVIEW The
Page 19 and 20: Corporate Affairs OVERVIEW The Corp
Page 21 and 22: Marketing ADVERTISING AND DESIGN Th
Page 23 and 24: Australasia OVERVIEW The Australasi
Page 25 and 26: Australasia TRADE EVENTS The Trade
Page 27 and 28: International AUSSIE ENTHUSIASTS Th
Page 29 and 30: The Americas CANADA OVERVIEW Canada
Page 31 and 32: Asia HONG KONG OVERVIEW Tourism gro
Page 33 and 34: Asia SINGAPORE OVERVIEW Australia r
Page 35 and 36: Gulf Countries New Zealand OVERVIEW
Page 37 and 38: UK & Europe ITALY OVERVIEW Australi
Page 39 and 40: FINANCIAL REPORT
Page 41 and 42: Tourism Australia STATEMENT BY DIRE
Page 43 and 44: SCHEDULE OF COMMITMENTS As at 30 Ju
Page 45 and 46: NOTES TO AND FORMING PART OF THE FI
Page 49: NOTES TO AND FORMING PART OF THE FI
Page 59 and 60: Tourism Australia overseas offices

2004 - 2005 Annual Report - Tourism Australia

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