4.78 MB - Perth Airport

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CHIEF EXECUTIVE OFFICER’S REPORT The financial year ending 30 June 2005 saw WAC complete its eighth year as the operator of Perth Airport. It was the company’s most successful year, with record passenger growth, strong retail sales, increased revenues from car parks and other ground transport businesses and rising demand for airport sites from a range of businesses. The airport welcomed and farewelled a record 6.6 million passengers with domestic activity up 9.5% and international growth of 12%. Airlines have responded to increased demand by adding a raft of new air services for travellers on both international and domestic routes. International travellers benefited from the introduction of Australian Airlines services to Bali; increased flights to Bali by Garuda Airlines; daily flights to New Zealand by Air New Zealand; increased services to Jakarta by Qantas and increased services to Singapore by Singapore Airlines. On the domestic front, Qantas increased inbound services to Perth, while Virgin Blue added services on the Perth - Broome route. Perth Airport Terminals were re-named in March 2005 to reflect the naming convention observed by other multi-terminal airports throughout the world. The International Terminal is now known as Terminal 1, Qantas Domestic is Terminal 2, and the Multi-User Domestic Terminal is now Terminal 3. Terminal 1 and Terminal 3, which are operated by WAC, are undergoing upgrades to improve the passenger amenity and efficiency. Parking facilities at Perth Airport have been impacted by the upturn in air travel. Parking capacity at Terminals 2 and 3 was increased by 70%, with further expansions currently underway. Much of the growth in parking has come from long-term parking, assisted by WAC’s popular $2 per day rate (available after day three for domestic passengers and after day two for international passengers). Demand for retail services has been boosted by increased passenger traffic and a variety of additional shops and services that have been introduced. Australasia’s first Relay and Hub Convenience store opened in May 2005 to provide essential items for domestic travellers returning home. In the 2005/2006 reporting period domestic passengers will benefit from the construction of a Dome Café, located in the forecourt of Terminal 3. The café is scheduled to open in September 2005. It will cover 350 square metres, making it one of the largest Dome Cafés in WA. It will feature boutique beers, an extensive wine and food menu and alfresco dining. The WAC property group has further consolidated its status as a fast growing property developer and lessor of industrial property through the completion of a number of significant projects, with airport sites increasingly being seen as the location of choice for many Western Australian companies, particularly those seeking large lot sizes. The $80 million, 65,000 square metre Woolworths Distribution Centre is a major non-aviation initiative and anchors the 44-hectare warehouse and distribution park on Horrie Miller Drive. The Honourable Warren Truss, former Federal Minister for Agriculture, Fisheries and Forestry, opened the new Australian Quarantine and Inspection Service (AQIS) facility at Perth Airport, in February 2005. Perth Airport management is committed to its conservation program and implemented a number of initiatives during the year, in line with the commitments stated in the Environment Strategy 2004. 4
An agreement with Conservation Volunteers Australian (CVA) resulted in a variety of environmental activities taking place at Perth Airport in 2004/2005. These included plantings of native wetland and bushland species, erosion control, seed collection and the erection of signs, fencing and vehicle control bollards. Aviation security continued to be a significant operational issue for Perth Airport in 2004/2005. Perth Airport is committed to providing a safe and secure environment for all airport users. To this end management continues to work closely with Government and industry participants to ensure appropriate security measures are in place. Perth Airport plays an important role in the State’s tourism industry and participated in a number of Government and industry initiatives to increase air services into Western Australia. Westralia Airports Corporation was once again the major sponsor of the Western Australian Tourism Awards. In summary, 2004/2005 has been a remarkable year at Perth Airport during which many successful projects and initiatives were commenced and completed. I am privileged to work with skilful and committed management and staff whose efforts are much appreciated. I would also like to express my gratitude to Michael Fitzpatrick for his outstanding service to the company as a founding Board Member. Graham Muir Chief Executive Officer - Westralia Airports Corporation 5
Page 1 and 2: PERTH AIRPORT 2004/2005 ANNUAL REPO
Page 3 and 4: CONTENTS Chairman’s Review 2 CEO
Page 5: During the year, WAC undertook the
Page 11 and 12: ABOUT ABOUT PERTH AIRPORT Strategic
Page 13 and 14: Mr Peter Taylor Mr Ron Doubikin Mr
Page 15 and 16: HIGHLIGHTS HIGHLIGHTS 2004/2005 Pro
Page 17 and 18: TOTAL BREAK-UP IN DOMESTIC AND INTE
Page 19: FINANCIAL STATISTICS 2004/2005 FIVE
Page 23: CASHFLOW CASHFLOW SUMMARY CASHFLOW
Page 27: COMMUNITY SUPPORT Many community gr
Page 31: INVESTMENT IN INFRASTRUCTURE Westra
Page 35: RETAIL & GROUND TRANSPORT REVENUE G
Page 39: ENVIRONMENT ENVIRONMENT STRATEGY On
Page 42 and 43: PERTH AIRPORT 2004/2005 FINANCIAL R
Page 44 and 45: REPORT DIRECTORS’ REPORT Your dir
Page 46 and 47: SECURITY MANAGEMENT The company is
Page 48 and 49: CORPORATE GOVERNANCE STATEMENT The
Page 50 and 51: STATEMENT OF FINANCIAL PERFORMANCE
Page 52 and 53: STATEMENT OF CASH FLOWS FOR THE FIN
Page 54 and 55: NOTES TO THE FINANCIAL STATEMENTS 3
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NOTES TO THE FINANCIAL STATEMENTS 3
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INDEPENDENT AUDIT REPORT TO MEMBERS
Page 82 and 83:
REVIEW REVIEW OF OPERATIONS For the
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Westralia Airports Corporation Pty
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