2002 - 2003 Annual Report - Tourism Australia

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Independent Audit Report Matters relating to the Electronic Presentation of the Audited Financial Report This audit report relates to the financial report of the Australian Tourist Commission for the year ended 30 June 2003 included on the Australian Tourist Commission’s web site.The Chairman is responsible for the integrity of the Australian Tourist Commission’s web site. The audit report refers only to the statements named below. It does not provide an opinion on any other information, which may have been hyper linked to/from the audited financial report. If the users of this report are concerned with the inherent risks arising from electronic data communications they are advised to refer to the hard copy of the audited financial report to confirm the information included in the audited financial report presented on this web site. Scope I have audited the financial statements of the Australian Tourist Commission for the year ended 30 June 2003.The financial statements comprise: • Statement by Directors; • Statements of Financial Performance, Financial Position and Cash Flows; • Schedules of Commitments and Contingencies; and • Notes to and forming part of the Financial Statements. The members of the Board are responsible for the preparation and presentation of the financial statements and the information they contain. I have conducted an independent audit of the financial statements in order to express an opinion on them to you. The audit has been conducted in accordance with the Australian National Audit Office Auditing Standards, which incorporate the Australian Auditing Standards, to provide reasonable assurance as to whether the financial statements are free of material misstatement. Audit procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the financial statements and the evaluation of accounting policies 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 Accounting Standards and other mandatory professional reporting requirements in Australia and statutory requirements so as to present a view which is consistent with my understanding of the Commission’s financial position, its financial performance and its cash flows. The audit opinion expressed in this report has been formed on the above basis. Audit Opinion In my opinion the financial statements: (i) have been prepared in accordance with Finance Minister’s Orders made under the Commonwealth Authorities and Companies Act 1997; and (ii) give a true and fair view, in accordance with applicable Accounting Standards and other mandatory professional reporting requirements in Australia and the Finance Minister’s Orders, of the financial position of the Australian Tourist Commission as at 30 June 2003, and its financial performance and cash flows for the year then ended. Australian National Audit Office P Hinchey Senior Director Delegate of the Auditor-General Sydney 15 August, 2003 66 POBox A456 Sydney South NSW 1235 130 Elizabeth Street SYDNEY NSW Phone (02) 9367 7100 Fax (02) 9367 7102
Statement by Directors For the year ended 30 June 2003 Australian Tourist Commission In our opinion, the attached financial statements for the year ended 30 June 2003 give a true and fair view of the matters required by the Finance Minister’s Orders made under the Commonwealth Authorities and Companies Act 1997. In our opinion, at the date of this statement, there are reasonable grounds to believe that the Commission will be able to pay its debts as and when they become due and payable. Nick Evers Ken Boundy Chairman Managing Director 15 August 2003 15 August 2003 67
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Australian Tourist Commission ANNUA
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Contents 2 Principles 4 Highlights
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OUR OBJECTIVES The Australian Touri
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australia.com australia.com deliver
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OUTCOMES • There were 4,655,800 v
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$1.4 billion.The state tourism orga
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Eastern Hemisphere Overview The Eas
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South East Asia Overview Offices in
Page 18 and 19: Indonesia Australia received a tota
Page 20 and 21: Singapore Australia received a tota
Page 22 and 23: North and North East Asia Overview
Page 24 and 25: China Australia received a total of
Page 26 and 27: Korea Korea continued to show growt
Page 28 and 29: WESTERN HEMISPHERE Overview The Wes
Page 30 and 31: United Kingdom Overview The UK demo
Page 32 and 33: Italy The ATC resumed its presence
Page 34 and 35: The Netherlands and Switzerland Bot
Page 36: New Zealand Overview New Zealand re
Page 40 and 41: Hemispheres The Hemispheres divisio
Page 42 and 43: Advertising and Design The Advertis
Page 44 and 45: International Media International M
Page 46 and 47: Food and Wine • Cooperative marke
Page 48 and 49: Trade Events The Trade Events depar
Page 50 and 51: Business Tourism The role of the AT
Page 52 and 53: Organisational Development The role
Page 54 and 55: Public Affairs The Public Affairs d
Page 56 and 57: Highlights and activities • An ed
Page 58 and 59: Conflicts of interest The Board has
Page 60 and 61: Directors of the Australian Tourist
Page 62 and 63: Management and Organisation Structu
Page 64 and 65: International visitor arrivals Visi
Page 67: Financial Reports 65
Page 71 and 72: Statement of Financial Position As
Page 73 and 74: Schedule of Commitments As at 30 Ju
Page 75 and 76: Notes to and forming part of the Fi
Page 93 and 94: Financial Instruments (cont.) 15b I
Page 95 and 96: Glossary of Terms AACB Association
Page 97: ATC Offices - worldwide Sydney (hea
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2002 - 2003 Annual Report - Tourism Australia

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