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 9 EQUITY NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2005 NOTE 10 CASH FLOW RECONCILIATION Item Accumulated Results 2005 $’000 Asset revaluation reserve 2005 $’000 Other reserve (General Reserve) 2005 $’000 Total Contributed Equity 2005 $’000 Total Equity 2005 $’000 10a RECONCILIATION OF OPERATING SURPLUS TO NET CASH FROM OPERATING ACTIVITIES: 2005 $’000 Reconciliation of operating surplus to net cash from operating activities Operating surplus before extraordinary items 4,317 Opening Balance 1 July 2004 8,256 353 278 278 9,165 Net surplus/deficit 4,317 – – – 4,317 Net revaluation increment/ (decrement) – (163) 216 – 53 Transactions with owner: Contributions by owner: Appropriation (equity injections) – – – 549 549 Transfers to/(from) reserves – – – – – Closing Balance 30 June 2005 attributable to the Australian Government 12,573 190 494 827 14,084 The net revaluation increase in the asset revaluation reserve comprises: 2005 $’000 > Revaluation increment/(decrement) – furniture and fittings (115) > Revaluation increment – leasehold improvements 169 53 The Asset Revaluation Reserve contains unrealised gains from the revaluation of assets. On realisation, these amounts are transferred to the General Reserve. Non-cash items Depreciation and amortisation 1,443 Fixed asset currency re-translation 112 Net write down of non-current assets 110 Net foreign exchange gain (958) Loss on disposal of assets 335 Changes in assets and liabilities: (Increase)/decrease in inventories (149) (Increase)/decrease in receivables (3,974) (Increase)/decrease in other assets (754) Increase/(decrease) in supplier payables 5,483 Increase/(decrease) in employee provisions 1,122 Increase/(decrease) in other payables (688) Net cash from/(used by) operating activities 6,399 10b RECONCILIATION OF CASH Cash balance comprises: Cash on hand 2,827 Deposits at call 13,941 Total cash 16,768 104 105
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2005 NOTE 11 DIRECTORS’ REMUNERATION The number of directors of Tourism Australia included in these figures is shown below in the relevant remuneration bands: 2005 Number Nil 2 $30,000 – 39,999 6 $50,000 – 59,999 1 $60,000 – 69,999 1 $170,000 – 179,999 1 $380,000 – 389,999 1 Total Number of Directors 12 2005 $ Remuneration received or due and receivable by directors 821,465 Aggregate amount of superannuation payments in connection with the retirement of directors 45,391 Total remuneration received or due and receivable by directors 866,856 Remuneration includes accrued recreation leave, long service leave and separation payments where applicable. NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2005 NOTE 12 REMUNERATION OF OFFICERS The number of officers who received or were due to receive total remuneration of $100,000 or more: 2005 Number $120,000 – 129,999 1 $130,000 – 139,999 1 $150,000 – 159,999 2 $160,000 – 169,999 2 $180,000 – 189,999 2 $190,000 – 199,999 1 $200,000 – 209,999 1 $210,000 – 219,999 1 $220,000 – 229,999 1 $260,000 – 269,999 1 $320,000 – 329,999 3 $330,000 – 339,999 1 17 2005 $ The aggregate amount of total remuneration of officers shown above. 3,662,178 3,662,178 The aggregate amount of separation and redundancy payments during the year to officers shown above. 217,513 Remuneration includes accrued recreation leave and long service leave. The officer remuneration includes all Australian based officers concerned with or taking part in the management of Tourism Australia during 2004-05 except the Managing Director. Details in relation to the Managing Director have been incorporated into Note 11 – Director Remuneration. NOTE 13 REMUNERATION OF AUDITORS 2005 Remuneration to the Auditor-General for auditing the financial statements for the reporting period. $ The fair value of services provided are: 60,130 No other services were provided by the Auditor-General during the reporting period. NOTE 14 AVERAGE STAFFING LEVELS 2005 Number The average staffing levels for Tourism Australia during the year were: 245 106 107
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 53: NOTES TO AND FORMING PART OF THE FI
Page 59 and 60: Tourism Australia overseas offices
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2004 - 2005 Annual Report - Tourism Australia

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