ANNUAL REPORT 2011 - Horse Racing Ireland

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CONTENTSmission statement 01CEO, BOARD MEMBERS & COMMITTEES OF HRI 02CHAIRMAN’S REPORT 04CHIEF EXECUTIVE’S REPORT 06FINANCE REVIEW 08MARKETING REVIEW 10TOTE REVIEW 12HRI RACECOURSE DIVISION 13IRISH THOROUGHBRED MARKETING REVIEW 162011 RACING REVIEW 18AUDITED REPORTS & GROUP FINANCIAL STATEMENTS 22
MISSION STATEMENTTo develop and promote Ireland as a world centre ofexcellence for horse racing and breeding.In identifying its mission statement, Horse Racing Ireland (HRI) has placed emphasis on Ireland’s position in both theinternational horse racing and breeding industries and the quality of the product being offered to the racegoing public.The continuity of funding necessary to develop strategies to achieve the mission is the key element of the HRI Strategic Plan.The claim to be a world centre of excellence is a realistic one and the benefits of the strategies pursued to achieve the missionwill be reflected in the economic, cultural and social environment of the country.This mission gives expression to the values and sense of purpose of the organisation.Horse Racing Ireland Annual Report 2011 1
Page 1: Horse Racing IrelandANNUALREPORT201
Page 5 and 6: FINANCE COMMITTEEDenis Brosnan Chai
Page 7 and 8: The Minister for Agriculture, Food
Page 9 and 10: major contributor to the national e
Page 11 and 12: Payments made to Racecourses for va
Page 13 and 14: acecourse turnstiles. Similarly, HR
Page 15 and 16: HRI RACECOURSE DIVISION2011 was the
Page 17 and 18: NavanNavan raced 19 times in 2011,
Page 19 and 20: also continued its association with
Page 21 and 22: Mullins. Ian Ferguson sent out Zems
Page 23 and 24: causing a 25/1 shock in the Group 1
Page 25 and 26: Members AND OTHER INFORMATIONMember
Page 27 and 28: Comptroller and Auditor GeneralRepo
Page 29 and 30: STATEMENT ON INTERNAL FINANCIAL CON
Page 31 and 32: STATEMENT OF ACCOUNTING POLICIES (C
Page 33 and 34: GROUP INCOME AND EXPENDITURE ACCOUN
Page 35 and 36: GROUP BALANCE SHEETAS AT 31 DECEMBE
Page 37 and 38: GROUP CASH FLOW STATEMENTFOR THE YE
Page 39 and 40: NOTES TO THE FINANCIAL STATEMENTSFO
Page 53 and 54:
NOTES TO THE FINANCIAL STATEMENTSFO
Page 55 and 56:
Page 57 and 58:
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ANNUAL REPORT 2011 - Horse Racing Ireland

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