2002 - 2003 Annual Report - Tourism Australia

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Notes to and forming part of the Financial Statements For the year ended 30 June 2003 Australian Tourist Commission Financial Instruments continued 15c Net Fair Values of Financial Assets and Liabilities 2003 2002 $’000 $’000 Total Aggregate Total Aggregate carrying net fair carrying net fair amount value amount value Note $’000 $’000 $’000 $’000 Financial Assets Cash at bank 6a 2,791 2,791 11,540 11,540 Cash on hand 6a 6 6 7 7 Receivables for goods and services 6b 3,610 3,610 4,586 4,586 Appropriation receivable 10,000 10,000 - - Other receivables 6c 1,239 1,239 1,033 1,033 Investment 6d 220 220 235 235 17,866 17,866 17,401 17,401 Financial Liabilities Trade creditors 8c 9,085 9,085 12,929 12,929 Other payables 8d 656 656 879 879 9,741 9,741 13,808 13,808 Financial assets The net fair values of cash, deposits on call and non-interest-bearing monetary financial assets approximate their carrying amounts. Financial liabilities The net fair values for trade creditors which are short-term in nature, are approximated by their carrying amounts. 15d Credit Risk Exposures The Commission’s maximum exposures to credit risk at reporting date in relation to each class of recognised financial assets is the carrying amount of those assets as indicated in the Statement of Financial Position. The Commission has no significant exposures to any concentrations of credit risk. 16 Contingent Liabilities and Assets The Commission has no contingent assets or liabilities, quantifiable or unquantifiable 92
Glossary of Terms AACB Association of Australian Convention Bureaux ADS Approved Destination Status AEI Australia Education International – AIME Asia Pacific Incentives & Meetings Expo ATMC Australian Trade Mission to China ASCOT Australian Standing Committee On Tourism ASP Aussie Specialist Program ATA Aboriginal Tourism Australia ATDW Australian Tourism Data Warehouse ATE Australian Tourism Exchange ATEC Australian Tourist Export Council AWEC Australian Wine Export Council BECA Business Events Council of Australia BTAG Backpacker Tourism Advisory Group CITM China International Travel Mart DAMA Destination Australia Marketing Alliance DEST Department of Education, Science and Training DFAT Department of Foreign Affairs & Trade DITR Department of Industry,Tourism and Resources DMC Destination Management Company EIBTM European Incentive Business Travel & Meetings FIT Fully Independent Travellers ITB Internationale Tourismus Börse ITO Inbound Tour Operator ITLG Indigenous Tourism Leadership Group ITW Independent Travel World trade show IVS International Visitor Survey JAAG Japan Australia Advisory Group JAM Japan Australian Mission JAL Japan Airlines JATA Japan Association of Travel Agents JTB Japan Travel Bureau JTIG Japan Tourism Implementation Group KDP MICE MIDT MOU NEAP NTO OGO PRIME PVI RTA RTAG SARS SIA STOs TABEE Team Australia TMC TVAG VJP WTM WYSTC Key Distribution Partners Meetings, Incentives, Conventions and Exhibitions Market Intelligence Data Tracking Memorandum of Understanding Nature Ecotourism Accreditation Program National Tourist Office Office of Government Online Pacific Rim Incentives and Meetings Exchange Product Viability Indicator Regional Tourist Authority Rugby Tourism Advisory Severe Acute Respiratory Syndrome Singapore Airlines State and Territory Tourism Organisations Team Australia Business Events Educational Team Australia is a co-operative venture between participating members of the Australian Association of Convention Bureaux (AACB) and the Australian Tourist Commission (ATC). Tourism Ministers’ Council Tourism Visa Advisory Group Visiting Journalist Program World Travel Mart World Youth Student Travel Conference 93
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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
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Indonesia Australia received a tota
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Singapore Australia received a tota
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North and North East Asia Overview
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China Australia received a total of
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Korea Korea continued to show growt
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WESTERN HEMISPHERE Overview The Wes
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United Kingdom Overview The UK demo
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Italy The ATC resumed its presence
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The Netherlands and Switzerland Bot
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New Zealand Overview New Zealand re
Page 40 and 41:
Hemispheres The Hemispheres divisio
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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 and 68: Financial Reports 65
Page 69 and 70: Statement by Directors For the year
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: Financial Instruments (cont.) 15b I
Page 97: ATC Offices - worldwide Sydney (hea
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2002 - 2003 Annual Report - Tourism Australia

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