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Financial Statements continued - Perth Royal Show

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People of the <strong>Royal</strong> AgriculturalSociety of Western AustraliaPATRONHis Excellency, Lieutenant GeneralJohn Sanderson ACGovernor of Western AustraliaVICE PATRONThe Hon David Malcolm ACChief Justice & Lieutenant Governorof Western AustraliaPRESIDENTDr Don RobertsonPRESIDENT ELECTMr Ivan SolomonIMMEDIATE PAST PRESIDENTMr Lou Giglia AMTREASURERMr David WhitePAST PRESIDENTSMr John O’Meehan JPMr John WildingMr A J Webster OAMMr Peter Carter AMP, JPMr Thomas WildingMr Milton Isbister* It is with great sadness that theSociety acknowledges the passingof Past Presidents:Mr Milton Isbister (August 04) andMr Peter Carter AM, JP (January 05).ELECTED COUNCILLORSAllen, DeaneBannister, MargaretBarrett, KingsleyBarwick, TrevorBessen, BevanBourne, RossCahill, Kevin OAMCarter, PaulDempster, PeterDevitt, AnthonyGiglia, LeonHarding, HughHawes, RobertHumphries, VidaJones, MichaelNicholl, ColinPayne, WilliamPearce, Robert Dr, AM, RFD, JPPreston, DudleyRackham, AnnScott, WilliamSnowball, JohnThorn, ShirleyTrend, WilliamVenn, ChristopherWarden, HughWilson, Robert DrResignations in 2004 - Messrs:Shepherdson, GeoffreyWalsh, PeterWhite, GordonHONORARY LIFE MEMBERSBurt, Sir Francis AC KCMG QCCarter, Peter AMP, JP *Court, Sir Charles AK, KCMG, OBEHowson, Jack OBE JPIsbister, Milton *Pope, RoyWilding, ThomasThe Society acknowledges thepassing of Hon Life Member:Sir Francis Burt in 2004HONORARY COUNCILLORSBurges, KeithCunningham, TomDring, PeterEaton, EllieHayes-Thompson, Robert OAMGaze, DesReading, RossSeymour, TheoShepherd, Jim AOStone, DonTate, JohnThe Society acknowledges thepassing of Hon Councillor:K Burges in 2004.CHIEF EXECUTIVE OFFICERMr Bruce RathboneAUDITORDeloitte Touche TohmatsuThe auditors are appointed at theCouncil Meeting following the AGMeach year.


President’sReportThe <strong>Royal</strong> Agricultural Society ofWestern Australia (RASWA) had a verysuccessful and rewarding year in 2004.We celebrated one hundred years atClaremont and achieved the best everattendance of 483,761 at the <strong>Perth</strong><strong>Royal</strong> <strong>Show</strong>. The <strong>Show</strong> was namedofficially as an icon of Western Australiaand the Western AustralianGovernment kindly funded freeattendance at the <strong>Show</strong> for childrenunder 16.Clearly our <strong>Show</strong> is popular with thepublic and valued as a great event forthe education and entertainment offamilies and children. The Governmentsupport made it possible for morefamilies to attend and they did so withenthusiasm. This was tremendouslyencouraging for all who contributed tomake the <strong>Show</strong> successful. Thesecontributors are the Members ofRASWA, the volunteers includingCouncillors, RASWA staff, exhibitors andsponsors. We can all rejoice in therecognition and outcome achieved thisyear and resolve to use it as a greatplatform to build on for success in thefuture.Among the highlights at this year’s<strong>Show</strong> were the Guest Nation displaywith Tuscany representing Italy, themagnificent Landcare exhibition andthe Centennial display of memorabiliaand attractions from past <strong>Show</strong>s. OurPatron, His Excellency, LieutenantGeneral John Sanderson, Governor ofWestern Australia launched Adversityand Achievement – A History of the<strong>Royal</strong> Agricultural Society of WesternAustralia, copies of which may bepurchased from the RASWA office.The Tuscan exhibition was colourfuland entertaining and was supported bya four day visit to WA by the Presidentof Tuscany. In return, he has invitedour State to “put the best of WA” on<strong>Show</strong> at Tuscany’s premier exhibitionin 2005.The very successful Guest Nationprogram at the <strong>Perth</strong> <strong>Royal</strong> <strong>Show</strong> isthe result of a partnership betweenRASWA and the Department ofIndustry & Resources. Malaysia willbe the 2005 Guest Nation.Strong support from the Departmentof Conservation & Land Management(CALM) and the Minister forEnvironment enables the RASWALandcare Committee and its keensupporters to mount a display thatachieves outstanding results everyyear.Given the importance of landcare inthe Western Australian environmentand the strong community interest itengenders, this display is arguably,one of the most important at the<strong>Perth</strong> <strong>Royal</strong> <strong>Show</strong>.The Department of Agriculture and itsMinister are also valued supporters ofthe Rural Ambassador Award and theCentenary Pavilion which house theDistrict Displays, as well as setting upan informative demonstration of workcarried out by the Department. Thisis strongly endorsed by the RASWAbecause it is designed to stimulatethe interest of young people andattract them into agriculturalindustries.Besides working so effectively withGovernment Departments, RASWAhas also been working, perhaps lessvisibly but very productively withaffiliated Agricultural Societies. RiskManagement, Insurance, GSTManagement, Liquor Licensing areissues we have addressed together.RASWA continues to assist with JuniorJudging Competitions at variousWestern Australian Country <strong>Show</strong>s,funds Scholarships for Year 11 HighAchievers at each of the AgriculturalColleges and is currently working withthe other <strong>Royal</strong>s on the award of aScholarship for Students in TertiaryAgricultural Courses who are activelyinvolved in the RASWA or an affiliatedAgricultural Society.In 2004 RASWA offered for the firsttime discounted Membership to itsMembers who are also Members of anaffiliated Agricultural Society. This isintended to boost Membership for bothRASWA and the affiliated AgriculturalSocieties.We are also seeking to assist affiliatedAgricultural Societies and majorsponsors by encouraging singlesponsorship contracts which givesponsors exposure at the <strong>Show</strong>s ofall participating Agricultural Societies.This will benefit all parties.There are three exciting possible futureprojects for RASWA currently underactive investigation.The refurbishment and extension of theCentenary Pavilion is the subject of ajoint bid for $11 million to the WesternAustralian and CommonwealthGovernments. The relocation of theClaremont Football Club to the<strong>Show</strong>grounds is still underconsideration. It would necessitateextensive externally fundedimprovements to facilities to meet theneeds of the football club which wouldalso be to the advantage of RASWAand <strong>Show</strong>goers and the community ofWestern Australia.RASWA has joined with Mirvac Fini toexplore opportunities to redevelop the<strong>Show</strong>grounds and make more use ofthe grounds outside of the <strong>Perth</strong> <strong>Royal</strong><strong>Show</strong> while enhancing its utility of theannual <strong>Show</strong>. In particular, we areexamining the opportunities andconsequences of bidding forgovernment support for the new12,000 seat stadium. ReplacingContinued over...1


Burswood Dome, its primary purposeis to be a venue for the Hopman Cup,but it would also be used for otherevents.Examining these projects and ensuringthey are to the maximum advantageof the RASWA and its constituents isa challenge that Council is pursuingdiligently.Another challenge for the future willbe for Council to better meet theexpectations of Members of RASWA.In recent years we have endeavouredto improve services to Members butCouncil is conscious that more isexpected.It was with great sadness that theSociety recorded the passing of twoPast Presidents – Milton Isbister andPeter Carter. Both were highlyrespected and will be greatly missedby us all. It was also with sadness torecord the passing of Hon LifeMember, Sir Francis Burt.Mr Robert Hayes-Thompson wasawarded Hon Councillor status inrecognition of his valuable and longservice to RASWA and Sir CharlesCourt was awarded Hon LifeMembership for his ongoing supportof RASWA.As my term of President comes to anend Judy and I would like toacknowledge the wonderful supportwe have received from all quarters ofthe <strong>Royal</strong> Agricultural Society and itsaffiliated Agricultural Societies. ToCouncillors, Staff, Members and allthose associated to RASWA thank you.I have great confidence in handingover the baton to Mr Ivan Solomonand his wife Margery.2004Members of CouncilPRESIDENTDR DON ROBERTSON PhD BSc Agric (Hons) – Age 62Elected to Council in 1992 and became President in 2002- his term concludes at the 2005 AGM. Chairs theCouncil, Management Committee, Combined GroupConference, AGM and the Guest Nation Program. Duringhis time as a Councillor, Dr Robertson served as CouncillorIn Charge of the Tom Wilding Pavilion, Sheep Dogs, Prime Lamb andAgricultural Liaison Committees and a Member of the Arena, Pigeons &Poultry, RASWA History and Photography. In 1997 he was elected to theManagement Committee and in 1999 was elected Vice President. ThePresident is an ex officio Member of all Committees.PRESIDENT ELECTIVAN SOLOMON – Aged 67Elected to Council in 1983, elected to Vice President in2003 and President Elect in 2004 – if elected, he willaccede to the Presidency at the 2005 AGM. Since hiselection to Council he has served as Ring Master (for 15years), Councillor in Charge of the Prime Lamb, Horses inAction, Horses Breed, Arena, Fibre & Meat Goats, Sheep Dogs and TomWilding Committees and a Member of the Sheep Committee. Was firstelected to Management Committee in 2000 and then again in 2003. TheVice President/President Elect is an ex officio Member of all Committees.IMMEDIATE PAST PRESIDENTLOU GIGLIA AM – Aged 64Elected to Council in 1988 and served as President from1999 to 2001. Awarded a Member of the Order ofAustralia in 2003 and the Centenary Medal. Chairman ofthe Agricultural Hall of Fame and Project Committees anda Member of Management, Executive, Prime Season andAgricultural Art Committees.TREASURERDAVID WHITE B.Bus FCPA MAICD – Aged 56Elected to Council in 1998 and Treasurer in 2001.Chairman of the House Committee. Prior to being electedTreasurer, he served as Councillor in Charge of the DairyProducts and Tug of War Committees and a Member ofthe Conservation & Landcare and Fibre Goat Committees.Was elected to Management Committee in 1999. The Treasurer is an exofficio member of all committees.Dr. D.E. RobertsonPresident2


PAST PRESIDENTSJOHN O’MEEHAN JP – Aged 69Elected to Council in 1981 and served asPresident from 1996 to 1999. Chairmanof the Constitution Committee and aMember of the Nomination and RASWAHistory Committees.JOHN WILDING – Aged 81Elected to Council in 1980 and served asPresident from 1993 to 1995. Chairmanof the RASWA History Committee.JIM WEBSTER OAM – Aged 72Elected to RASWA Council in 1966 andserved as President from 1987 to 1990.Chairman of the Agricultural Art AwardCommittee and a Member of theNomination Committee.PETER CARTER AM JP – Aged 82(Deceased)Elected to RASWA Council in 1971 andserved as President from 1984 to 1986.Was awarded RASWA Honorary LifeMembership in 2001.Passed away 1 January 2005.THOMAS WILDING – Aged 85Elected to Council in 1958 and served asPresident from 1981 to 1983. Is anRASWA Honorary Life Member. Memberof the Photography Committee.MILTON ISBISTER – Aged 91 (Deceased)Elected to RASWA Council in 1963 andserved as President from 1978 to 1980.Was a RASWA Honorary Life Member.Passed away 25 August 2004.ELECTED COUNCILLORSDEANE ALLEN – Aged 54Elected to the RASWA Council in 2000.Councillor in Charge of the Led CattleCommittee. Previously CIC of the FarmAnimal Kingdom and Fresh FoodCommittees.MARGARET BANNISTER – Aged 64Elected to Council in 1987. Councillor inCharge of Creative Craft & Cookery and aMember of Management Committee,Agricultural Societies Liaison, AgriculturalArt and Aged Care. Was CIC of the special100 Year Celebrations in 2004. PreviouslyCIC of Dogs, Horses Breed, Miss <strong>Show</strong> Girl, Floriculture,Aged Care and Agricultural Liaison Committees.KINGSLEY BARRETT – Aged 54Elected to Council in 2003. Councillor inCharge of Horses and a Member of theArena/Entertainment Committees.Previously a Member of the Sheep DogCommittee.TREVOR BARWICK – Aged 64Elected to Council in 1985. Councillor inCharge of Fibre & Meat Goats and aMember of Bread, Street Parade, 100 YearCelebrations, Alpaca and Tom WildingPavilion. Previously, CIC of Bread, FarmAnimal Kingdom, the Centenary and TomWilding Pavilion Committees and aMember of the Rabbit, District Displays, Cavies, SheafTossing, Farm Animal Kingdom, Tug of War, Farm AnimalNursery, District Displays and Street Parade Committees.BEVAN BESSEN – Aged 51Elected to Council in 1996. Councillor inCharge of the Conservation & Landcare(for the past eight years) and Poultry &Pigeons Committee and a Member of theAgricultural Liaison Committee.3


2004Members of CouncilROSS BOURNE FAICD – Aged 72Elected Treasurer in 1995 and to Councilin 2001. Councillor in Charge ofPhotography and Dairy Products anda Member of the Agricultural Liaison,Sheep and Dogs Committees.KEVIN CAHILL OAM – Aged 71Elected to Council in 1983. Awardeda Medal of the Order of Australia in 2004.Councillor in Charge of the Sheep andGovernor’s Cup Committees and Memberof the Constitution, Agricultural SchoolsCompetition and Fibre & Meat GoatsCommittees. Previously, CIC of Apiculture, Pigs, Trade Pigs,Farm Day, Farm Skills, Trade Cattle, District Displays, TomWilding and Floriculture Committees.PAUL CARTER – Aged 41Elected to Council in 1994. Councillor inCharge of Arena/Entertainment Committeeand Ring Master. Member of theManagement and Horse Committees.Previously CIC of the Floriculture,Apiculture, Centenary Pavilion, HouseCommittees and a Member of Sheep, Wine, DistrictDisplays and Fashion Parade Committees.PETER DEMPSTER – Aged 62Elected to Council in 1993. Councillor inCharge of Sheep Shearing and PrimeLamb and Member of the Sheep Dogs andProject Committees.ANTHONY DEVITT – Aged 60Elected to Council in 2004. Member ofWine, Youth Focus and Dairy GoatsCommittees.LEON GIGLIA – Aged 42Elected to Council in 1996. Councillor inCharge of Farm Animal Kingdom andMember of Entertainment/Arena.Previously Councillor responsible for PrimeSeason, and CIC of Cattle and FreshProduce Committees and Member ofManagement Committee.HUGH HARDING – Aged 61Elected to Council 2004 through CasualVacancy. Member of Sheep Shearing,Wool, Conservation & Landcare, Fibre &Meat Goats and Trade Cattle Committees.ROBERT HAWES MA (CANTAB) – Aged 66Elected to Council in 1996. Councillor inCharge of the Bread, Youth Focus, Alpacas,Sheep Dogs & Tom Wilding PavilionCommittees. Previously CIC of the Horsesin Action, Horses and Focus AgricultureCommittees and a Member of the HorsesBreed and the Farm Animal Kingdom Committees.VIDA HUMPHRIES – Aged 52Elected to Council in 2002. Councillor inCharge of the Street Parade andCoordinator of the Sheep Pavilion and aMember of the Rural Ambassador, Sheep,Wool and Meat & Fibre Goat Committees.MICHAEL JONES – Aged 68Elected to Council in 1988. Councillor inCharge of the Combined GroupConference, Junior Judging andAgricultural Liaison Committees and aMember of the Wine Committee.Previously CIC of the Agricultural SchoolsCompetition, Cattle, Trade Cattle Committees andCoordinator of the Wine Committee (for four years) andMember of Management Committee.4


COLIN NICHOLL – Aged 63Elected to Council in 2004. Councillor inCharge of Wool Committee and Member ofHeritage and Project Committees.WILLIAM PAYNE – Aged 53Elected to Council in 1994. Councillor inCharge of the Animal Nursery and DogCommittees and a Member of theManagement and Agricultural LiaisonCommittees. Previously, CIC of the HorseBreeds Committee and a Member of theSheep, Arena and Horses in Action Committees.DR ROBERT PEARCE AM RFD JP – Aged 64Elected to Council in 1989. Councillor inCharge of the Art and Rural AchieverCommittees and Member of theConstitution, RASWA History, Cats, Cavy,Rabbits and Creative Crafts & CookeryCommittees. Previously, CIC of the Dog andRural Achiever Committees and a Member of the Wine, Catand Horses Committees.DUDLEY PRESTON – Aged 73Elected to Council in 1993. Councillor inCharge of the Cat, Rabbit, Cavy, WoodChop and Heritage Committees andMember of the Trade Cattle Committee.Previously CIC of the Colin Pearse TradeCattle Committee.JOHN SNOWBALL – Aged 47Elected to Council in 1999. Councillor inCharge of the Wine Committee andMember of the Constitution, Wood Chopand Membership Committees. Previously,CIC of Dairy Products, Photography andAgricultural Liaison Committees andMember of the Agricultural Art, Open Art, District Displaysand Rural Ambassador Committees.SHIRLEY THORN JP CF – Aged 68Elected to Council in 1998. Councillor inCharge of the Rural Ambassador, DistrictDisplay, Centenary Pavilion, FloricultureCommittees and Member of Management,Membership, Project and Rural AchieverCommittees. Previously, CIC ofMembership, Miss <strong>Show</strong>girl, Street Parade and RuralAchiever Committees and Member of the House Committee.WILLIAM TREND – Aged 49Elected to Council in 2004 through CasualVacancy. Member of Membership, YouthFocus, Dairy goats, Sheep, and DairyProducts Committees.CHRISTOPHER VENN – Aged 51Elected to Council in 2003. Councillor inCharge of Membership, Inventions andAgricultural Colleges & Schools Competitionand Member of the Tom Wilding Pavilion,Sheep Shearing Committees.ANN RACKHAM – Aged 57Elected to Council in September 2004through Casual Vacancy. Councillor inCharge of the Prime Season Committeeand Member of the Floriculture Committee.WILLIAM SCOTT – Aged 65Elected to Council 2004. Member ofAnimal Nursery and Poultry & PigeonsCommittees.HUGH WARDEN – Aged 69Elected to Council in 1994. Councillor inCharge of Trade Cattle, Coordinator ofCattle and a Member of the Led Cattle,Floriculture, Centenary Pavilion and DistrictDisplays Committees. Previously, CIC of theSheep Committee and Member of theWool and Sheep Shearing Committees.DR ROBERT WILSON – Aged 56Elected to Council in 2003. Councillor inCharge of Apiculture and Fresh FoodCommittees and Member of theManagement, Art, Photography, SheepDogs and Constitution Committees.Previously CIC of Prime Lamb.5


Meeting attendanceand rotationThe table below sets out the 2004 Councillors, their attendance and retirement rotations.No. of MeetingsRotation11 x Council PRS 11 x ManagementBoard-suspended Committee 2005 2006 2007 2008Name Notes March 03PresidentRobertson, Don (Dr) 11 11President ElectSolomon, Ivan a 11 10 *Immediate Past PresidentGiglia, Lou b 10 10TreasurerWhite, David 11 11 *Past PresidentsO’Meehan, John 10Wilding, John 11Webster, Jim 9Carter, Peter c 3Wilding, Tom 7Isbister, Milton d 0CouncillorsAllen, Deane 11 *Bannister, Margaret e 10 (1 x LOA) 5 *Barrett, Kingsley 10 (1 x LOA) *Barwick, Trevor 10 (1 x LOA) *Bessen, Bevan 7 (3 x LOA, 1 x A) *Bourne, Ross 10 (1 x LOA) *Cahill, Kevin 10 (1 x LOA) *Carter, Paul 7 (2 x LOA, 2 x A) 9 *Dempster, Peter 9 (1 x LOA, 1 x A) *Devitt, Anthony f 8 (2 x LOA) *Giglia, Leon 9 (2 x LOA) *Harding, Hugh g 9 (1 x LOA,1 x A) *Hawes, Robert 11 *Humphries, Vida 8 (2 x LOA,1 x A) *Jones, Michael h 9 (2 x LOA) 1 *Nicholl, Colin i 8 (2 x LOA, 1 x A) *Payne, William j 6 (2 x LOA, 3 x A) 8 *Pearce, Robert (Dr) 10 (1 x LOA) *Preston, Dudley 11 *Rackham, Ann k 3 *Scott, William l 10 *Shepherdson, Geoffrey m 2 R*Snowball, John 10 (1 x A) *Thorn, Shirley b 11 8 *Trend, William n 7 (1 x A) *Venn, Christopher 10 (1 x A) *Walsh, Peter o R R*Warden, Hugh 8 (1 x LOA, 2 x A) *White, Gordon p 5 (1 x A) 6 R*Wilson, Robert (Dr) j 8 (1 x LOA, 2 x A) 9 *The attendance figures reflect those who attended meetings between February to December 2004. Each year, seven of the twenty-eight Councillors retire.They are eligible for re-election. The rotation above sets out the respective years of retirement.NOTES: a) Elected to President Elect March 2004 - I Solomon b) Elected to Management Committee March 2004 for 1 year - for re election 2005 - L A Giglia & SThorn c) Passed away 1 January 2005 - Past President Peter T Carter d) Passed away August 2004 - Past President M Isbister e) Elected to ManagementCommittee August 2004 - M Bannister - to replace G White - for re election 2006 f) Elected to Council March 2004 - A Devitt - to replace G Brockway - for reelection 2006 g) Elected to Council April 2004 - H Harding - Casual Vacancy - G Shepherdson - for re election 2005 h) Resigned from Management CommitteeMarch 2004 - M Jones i) Elected to Council March 2004 - C Nicholl - to replace R Hayes-Thompson - for re election 2006 j) Elected to Management CommitteeMarch 2004 for three years – for re election 2007 - W Payne & R Wilson k) Elected to Council September 2004 - A Rackham - Casual Vacancy - G White - for reelection 2006 l) Elected to Council March 2004 - W Scott - to replace D Forrest - for re election 2005 m) Resigned from Council March 2004 - G Shepherdsonn) Elected to Council April 2004 - W Trend - Casual Vacancy - to replace P Walsh - for re election 2007 o) Resigned from Council February 2004 - P Walshp) Resigned from Council August 2004 - G White


CEO’sReportI write this report on the 2004 yearwith a deep sense of appreciation forthe enormous effort and contributionfrom the RASWA’s Volunteers,Councillors, Officials, Members andStaff who by year end broke virtuallyevery previous RASWA performancerecord.2004 saw the best <strong>Perth</strong> <strong>Royal</strong> <strong>Show</strong>attendance ever, the best paid entryratio and the best positive operatingcashflow on record, reflecting positivelyon our borrowings position.In all, 2004 produced an excellentoutcome and on behalf of the Society,I wish to thank everyone for theirefforts, in particular, the over 2,000volunteers who gave up their time andexpertise to make the <strong>Show</strong> a success.The Society values its volunteers andcontinues to research and develop themeans of attracting and rewardingthose who form the very foundation ofthe Society’s purpose and existence.In the year that we celebrated theSociety’s 100th year at Claremont<strong>Show</strong>grounds we were recognised bythe State Government as part ofWestern Australia’s 175th FoundationAnniversary with the honour of beingnominated a Western Australian Icon.This recognition included the provisionof free entry for children to the 2004<strong>Perth</strong> <strong>Royal</strong> <strong>Show</strong>. Community supportfor this generous offer was significantwith 483,761 people taking up theopportunity to visit the <strong>Show</strong> and tolearn about our great State.When I first joined the RASWA family itwas one of my greatest hopes to seethe Society continue to be relevant inthe lives of Western Australians of allages. I am greatly heartened to seethat 2004 has confirmed the ongoingpart that the <strong>Perth</strong> <strong>Royal</strong> <strong>Show</strong> playswithin the social and cultural fabric ofthe Western Australian community.The <strong>Perth</strong> <strong>Royal</strong> <strong>Show</strong> clearly bringsmore West Australians together in asense of community than any otherannual event.The <strong>Perth</strong> <strong>Royal</strong> <strong>Show</strong> is the publicface of the RASWA. Beyond the <strong>Show</strong>,the Society works hard to fulfil itscharter to service our Members andaffiliated Agricultural Societies.In 2004, the RASWA sponsored thejoint venture Urban Scrawl Projectwhich brought together a number ofyoung people and the WesternAustralian Police into a magnificent artproject on the RASWA’s boundary wallalong the railway line.A number of written compliments fromlocal residents and train commutersgives testament to what can beachieved by working towards thepositive in a sense of community,appreciation, value and worth.The RASWA continues to seesuccesses flowing from its communityinvolvement with all of the interstate<strong>Royal</strong> <strong>Show</strong>s. 2004 saw the signing ofa nationwide Regional ScholarshipProgram with Coca-Cola Amatil. In2005 approximately 35 scholarshipswill be awarded across the nation.The RASWA continues to foster thedevelopment of the next generation inagriculture by further sponsoring anumber of scholarships across variousagricultural colleges in WesternAustralia.The Society maintained its support foraffiliated regional Agricultural Societiesby providing Risk Management servicesto assist societies meet criteriaessential for Gap Insurance coverthrough the State GovernmentCommunity Insurance Fund.As a result of the great success of the2004 <strong>Perth</strong> <strong>Royal</strong> <strong>Show</strong> the RASWAundertook to pay for affiliatedAgricultural Societies’ 2004 GapInsurance, saving individual Societiesmany thousands of dollars.The very positive outcome in the riskmanagement area for 2004 was thereturn of an Australian insurer to themarket for which Gap Insurance wasrequired. The good news is that theGroup Insurance Scheme negotiatedby the RASWA on behalf of theaffiliated Agricultural Societies will in2005 cover the 2004 risk gaps,subject to each Society meeting itsRisk Management obligations underthe policy.While the RASWA works hard on manyfronts, along with all not-for-profit,charitable organisations, it continues tobe faced with an unrelenting regulatoryenvironment in which it operates.During 2004 many changes within theworkers’ compensation, environmentaland corporate governance legislationhave placed increasing workloads andpersonal liability risks upon Councillorsand senior staff with personal penaltiesin the order of up to $250,000 andimprisonment for serious breaches.All of this means that Councillors andsenior staff must devote increasingtime and effort to compliance andsound corporate governance as thesefunctions continue to evolve into morespecialised areas of managementresponsibility.My personal thanks go out to all of theCouncillors, Members, Volunteers, Staff,Sponsors and supporting groups andthe all time record crowd that made2004 a year to remember.B J RathboneChief Executive Officer7


RASWAGovernanceThe Council of the <strong>Royal</strong> AgriculturalSociety of Western Australia (RASWA)is committed to best practice andprinciples of good governance. In thisregard it has taken a number ofinitiatives to develop and implementappropriate systems for achievinggood governance in terms of theAustralian Standard 8000-2003, GoodGovernance Principles, approved bythe Council of Standards Australia inMay 2003.The task of reviewing internal systemsand processes has presenteddemands on management and willtake time to complete. This isacknowledged by Council and it hasemployed the skills of suitablyqualified consultants where necessaryto assist and expedite the process.ConstitutionAs stated in last year’s Annual Report,the Council had at that timerecognised the need to review theRASWA Constitution and appointed aspecial committee for this purpose.Although there were no majordeficiencies in the existing document,the RASWA Constitution had not beenreviewed in its entirety for many years.That review has now been completedand Council will present a revisedConstitution for the consideration and,if appropriate, adoption by Members.Some of the more significant matterscovered by the Constitution are:(a) the objects of the RASWA;(b) membership, including classes ofMembers, privileges, subscriptions,disqualification and meetings;(c) the RASWA Council, including itspowers, composition, meetings,and the election and removal ofCouncillors;8(d) committees, including the <strong>Royal</strong><strong>Show</strong> Board, ManagementCommittee, Executive Committeeand the appointment of othercommittees and sub-committees;(e) the appointment and removal ofthe Auditor; and(f) other administrative matters,including records management.CouncilThe Council is comprised of aPresident, 28 elected Councillorsincluding the Vice President, and aTreasurer. Councillors are elected bypostal ballot votes from themembership of the Society. PastPresidents can choose to continue tohave responsibilities and privileges ofCouncillors.CommitteesThe Council has overall responsibilityto conduct the affairs of the Society.It operates through a number ofcommittees and sub-committees.The President, Vice-President andTreasurer are ex-officio members ofall committees and sub-committeesof the Council and no sectioncommittee or sub-committee may beestablished without the approval ofCouncil. All sub-committees mustinclude a member of theManagement Committee togetherwith not less than one otherCouncillor. The current standingcommittees of the Council are:(a) the Management Committeewhich is responsible for the day today management of the businessof the RASWA, subject to certainspecified matters which are notdelegated;(b) the Executive Committee which isempowered to meet when, in theopinion of the President or ChiefExecutive Officer, an emergencysituation arises which requires animmediate decision; and(c) the <strong>Royal</strong> <strong>Show</strong> Board which isempowered to oversee andcoordinate the activities of varioussub-committees appointed by thePresident in conjunction withCouncil, charged with theresponsibility of planning the <strong>Perth</strong><strong>Royal</strong> <strong>Show</strong>. This committee wasplaced into recess in 2003 and itsresponsibilities reverted toCouncil.The terms under which each of thesecommittees are appointed andfunction will be reviewed by Councilif the new RASWA Constitution isadopted by Members.Regulations and proceduresThe review of the RASWA Constitutionconducted in 2004 has highlighted anumber of regulations and proceduresthat require further consideration byCouncil; a process that is expected tobe completed during 2005. Theregulations and procedures serve toreinforce existing systems andprocesses within RASWA.ComplianceCouncil has adopted a ComplianceReporting Plan requiring managementto provide immediate disclosure of allmaterial matters regarding the Society.The program also includes reports toCouncil on a regular basis coveringkey areas such as <strong>Financial</strong>Performance, Complaints, CrisisManagement, Occupational Health &Safety, Risk Management, Insurance,Legal, Information Technology, theEnvironment and Human Resources.Code of conductThe Council has recognised the needto adopt a Code of Conduct whichwill aim to maintain the highestethical standards and accountabilityby all employees and office bearers ofRASWA. Employees and officebearers are required to respect thelaw, respect confidentiality, avoid


conflicts of interest, act in the bestinterests of RASWA Members and actwith honesty, integrity and decency atall times.The RASWA Code of Conduct will bedeveloped during 2005 and putforward for adoption by Council.Risk managementA review of the risk exposuresassociated with conducting the <strong>Show</strong>is undertaken annually. The risks areidentified, quantified, assessed and amanagement plan agreed inaccordance with ASNZ 4360.The insurance program is revisedeach year to ensure that all majorinsurable risk exposures are coveredby the programme.The Risk Management Plan and theinsurance programme are reviewedand approved by Council.Budgets and planningThe Council’s responsibilities includethe adoption of an operating budgetat the commencement of each yearand monitoring progress on a regularbasis against budget by both financialand non-financial key performanceindicators. It is also responsible formonitoring and overseeing theRASWA’s financial position and toensure that satisfactory arrangementsare in place for auditing the RASWA’sfinancial affairs.The Council is also responsible fordetermining the strategic direction ofthe RASWA and to measureperformance against approvedstrategies. In this regard, the Councilhas recognised the need to develop aformal long-term strategic planningprocess.9


<strong>Financial</strong> <strong>Statements</strong>Statement of <strong>Financial</strong> Performancefor the year ended 31 December 2004REVENUE2004 2003Note $ $<strong>Royal</strong> <strong>Show</strong> income 7,639,904 7,252,629Government grant 1,755,236 -Membership subscriptions 212,560 203,310Non-<strong>Royal</strong> <strong>Show</strong> income -• Letting - grounds and buildings 945,761 840,675• Recovery - Breed Societies 14,239 14,497• Recovery - electricity, materials,labour and other expenses 183,694 248,193• Interest 64,819 9,823• Sundry revenue 28,885 19Revenue from ordinary activities 10,845,098 8,569,146EXPENDITURE<strong>Royal</strong> <strong>Show</strong> expenses 5,452,563 5,468,484Administration expenses 2,303,457 1,821,485Breed Societies expenses 12,673 18,849Interest and borrowing costs 260,834 274,820Gratuity - Town of Claremont 97,284 48,812Upkeep of <strong>Show</strong>grounds 861,559 900,361Written down value of plantand equipment written off 82,431 142,382Total Expenditure 2 9,070,801 8,675,193Net profit/(loss) from OrdinaryActivities attributable toMembers of the Society 1,774,297 (106,047)Statement of <strong>Financial</strong> Positionat 31 December 20042004 2003Note $ $CURRENT ASSETSCash assets 3 3,283,621 11,914Receivables 4 364,166 520,248Inventories 34,394 29,052Other 14,913 82,399Total current assets 3,697,094 643,613NON - CURRENT ASSETSProperty, plant andequipment 5 14,555,506 15,170,429Total non-current assets 14,555,506 15,170,429Total assets 18,252,600 15,814,042CURRENT LIABILITIESCurrent interest-bearingliabilities 6 1,073,107 1,833,499Payables 7 719,376 349,286Provisions 8 146,863 144,408Other 17,555 273,314Total current liabilities 1,956,901 2,600,507NON - CURRENT LIABILITIESNon-current interest-bearingliabilities 6 2,914,530 1,637,638Provisions 8 69,040 38,065Total non-current liabilities 2,983,570 1,637,638Total liabilities 4,940,471 4,276,210Net assets 13,312,129 11,537,832Represented byaccumulated funds 12 13,312,129 11,537,832Notes to the financial statements are included on pages 12-1610


Statement of Cash Flowsfor the year ended 31 December 20042004 2003Note $ $Cash flows from operating activities• Receipts from <strong>Royal</strong> <strong>Show</strong> 7,771,488 7,316,839• Receipts from Government grant 1,755,236 -• Receipts from Non-<strong>Royal</strong> <strong>Show</strong> letting 964,295 884,148• Receipts from recoveries 180,542 233,721• Receipts from sundry revenue 27,862 8,167• Receipts from membership subscriptions 212,440 203,310• Payments to suppliers and employees (7,614,498) (7,542,316)• Interest received 64,819 9,823• Interest paid (260,834) (275,324)Net cash provided by operating activities 15 3,101,350 838,368Cash flows from investing activities• Payment for property, plant and equipment (346,143) (471,250)Net cash used in investing activities (346,143) (471,250)Cash flows from financing activities• Proceeds from borrowings 1,299,999 549,985• Repayment of borrowings (722,313) (621,547)Net cash provided by / (used in) financing activities 577,686 (71,562)Net increase in cash held 3,332,893 295,556Cash at the beginning of the financial year• Cash and deposits 11,914 6,358• Bank overdraft (61,186) (351,186)(49,272) (344,828)Cash at the end of the financial year• Cash and deposits 3,283,621 11,914• Bank overdraft - (61,186)3,283,621 (49,272)Net movement for year 3,332,893 295,556Notes to the financial statements are included on pages 12-1611


<strong>Financial</strong> <strong>Statements</strong> <strong>continued</strong>Notes to and forming part of the Accountsfor the year ended 31 December 2004NOTE 1 - Summary of significantaccounting policiesBasis of accountingThe financial report is a generalpurpose financial report which hasbeen prepared in accordance withapplicable Accounting Standards,Urgent Issues Group Consensus Viewsand other requirements of the law.The financial report has beenprepared on the basis of historicalcost and except where stated, doesnot take into account changing moneyvalues or current valuations of noncurrentassets. Cost is based on thefair values of the consideration givenin exchange for assets.Accounting policies are selected andapplied in a manner which ensuresthat the resulting information satisfiesthe concepts of relevance andreliability, thereby ensuring that thesubstance of the underlyingtransactions or other events isreported.Significant accounting policiesThe following significant accountingpolicies have been adopted in thepreparation and presentation of thefinancial report:(a) Revenue recognition - Revenuefrom the sale of goods isrecognised when the Society haspassed control of the goods to thebuyer. Revenue from the provisionof services is recognised when theSociety has completed itsobligations under the contract.(b) Income Tax - The Society isexempt from income tax underSection 23(h) of the Income TaxAssessment Act.(c) Receivables - Trade receivablesand other receivables are recordedat amounts due less anyprovisions for doubtful debts.(d) Inventories - Inventories are heldfor consumable purposes and arerecorded at the lower of cost ornet realisable value.(e) Property, plant and equipment -All non-current assets are initiallyrecorded at cost, being thepurchase consideration paid at thedate of acquisition plus costsincidental to the acquisition.All non-current assets except landare depreciated over theirexpected economic lives using thereducing balance method. Thefollowing rates are used in thecalculation of depreciation:- Buildings 5%- Improvements toshowgrounds 5%- Plant andequipment 5% - 40%(f) Recoverable amount of noncurrentassets - Non-current assetsare written down to recoverableamount where the carrying valueof any non-current asset exceedsits recoverable amount.Recoverable amount isdetermined as the present valueof the amount expected to berecovered through the cashinflows and outflows arising fromthe <strong>continued</strong> use andsubsequent disposal of the noncurrentasset.(g) Payables - Trade payables andother accounts payable arerecognised when the Societybecomes obliged to make futurepayments resulting from thepurchase of goods and services.(h) Interest bearing liabilities - Allbank loans and other loans arerecorded at an amount equal tothe net proceeds received. Interestexpense is recognised on anaccrual basis.(i) Employee entitlements - Provisionis made for benefits accruing toemployees in respect of wagesand salaries, annual leave andlong service leave when it isprobable that settlement will berequired and they are capable ofbeing measured reliably.Provisions made in respect toemployee entitlements expectedto be settled within 12 monthsare measured at their nominalvalues using the remunerationrates expected to apply at thetime of settlement.Provisions in respect to employeeentitlements not expected to besettled within 12 months aremeasured as the present value ofestimated future cash outflows tobe made by the Society in respectof services provided by employeesup to reporting date.(j) Income in advance - Income inadvance comprises depositsreceived for the letting of facilitiesfor specific events that have yet tooccur.(k) Goods and services tax - The netamount of GST recoverable from,or payable to, the taxationauthority is included as part ofreceivables or payables. Cashflows are included in theStatement of cash flows on agross basis. The GST componentof cash flows arising frominvesting and financing activitieswhich is recoverable from, orpayable to, the taxation authorityis classified as operating cashflows.12


NOTE 2 - Profit from ordinary activities 2004 2003Profit from ordinary activities includes the following: $ $ExpensesNet doubtful debts expense 24,498 -Depreciation expense 878,635 939,911Writeoff of PPE 82,431 -Loss on disposal of PPE - 142,382Writedown of inventory 2,653 -Auditor’s remunerationsAuditing the financial report 20,000 14,000NOTE 3 - Cash assetsCash at bank 3,283,621 11,914Cash balances not available for useRestrictions exist upon the use of cash disclosed at the end of the financial year, as they relateto trust funds held on behalf of various non-operative Agricultural Societies. The balance of therestricted funds are as follows:Restricted funds 2,721 2,869NOTE 4 - ReceivablesTrade debtors 112,279 350,117Provision for doubtful debts (26,248) (1,750)86,031 348,367GST receivable 278,135 171,881364,166 520,248NOTE 5 - Property plant & equipment Land Buildings <strong>Show</strong>grounds Plant and Totalimprovements equipment$ $ $ $ $Gross carrying amount – at costBalance at 1/1/2004 29,565 15,075,646 5,429,890 5,095,944 25,631,045Additions - 1,848 186,047 158,248 346,143Write offs - (15,075) (6,007) (959,722) (980,804)Balance at 31/12/2004 29,565 15,062,419 5,609,930 4,294,470 24,996,384Accumulated depreciationBalance at 1/1/2004 - (6,122,303) (1,633,429) (2,704,884) (10,460,616)Write offs - 13,474 4,690 880,209 898,373Depreciation expense - (447,280) (199,537) (231,818) (878,635)Balance at 31/12/2004 - (6,556,109) (1,828,276) (2,056,493) (10,440,878)Net book valueAs at 1/1/2004 29,565 8,953,343 3,796,461 2,391,060 15,170,430As at 31/12/2004 29,565 8,506,310 3,781,654 2,237,977 14,555,506Property, plant and equipment is carried at cost. The Councillors commissioned a valuation of the land from the Department of Land Information(Government of Western Australia) who reported that on a ‘current use land value’, the land was valued at $47.5 million. Given that the value ofLand is significantly above cost, no adjustments have been posted to the amounts recorded in the financial statements.13


<strong>Financial</strong> <strong>Statements</strong> <strong>continued</strong>Notes to and forming part of the Accountsfor the year ended 31 December 2004NOTE 6 - Interest bearing liabilities 2004 2003$ $Current interest-bearing liabilitiesBank overdraft (b) - 61,186Secured Loans (a) 1,050,000 -Unsecured Loans (b) - 1,750,000Unsecured Loans 23,107 22,3131,073,107 1,833,499Non-current interest-bearing liabilitiesSecured Loans (a) 2,300,000 -Unsecured Loans (b) - 1,000,000Unsecured Loans 614,530 637,6382,914,530 1,637,638(a) These loans are secured by a Registered Mortgage over the Society’s land holdings.(b) In 2003, these borrowings were unsecured. The Society provided a negative pledge to its bankers over its assets.NOTE 7 - PayablesTrade creditors 227,766 193,662Accruals 491,600 155,624719,376 349,286NOTE 8 - ProvisionsCurrentEmployee benefits 146,863 144,408146,863 144,408Non-currentEmployee benefits 69,040 38,065The aggregate amount of employee benefits recorded in the financial statements amounts to: 215,903 182,473NOTE 9 - Related party disclosuresThe names of the Councillors of the Society during the year are shown on the inside coverof this Annual Report.Councillor related entity transactions• During the year, consulting services were provided to the Society by Bessan Consulting Services trading as Tuna Blue Pty Ltd, a companyin which Bevan Bessan has an interest. Total costs paid to Tuna Blue Pty Ltd during the year amounted to $1,901 (2003: $nil).• During the year, financial services were provided to the Society by Provident <strong>Financial</strong> Services, a company in which Paul Carter has aninterest. Total costs paid directly or indirectly to Provident <strong>Financial</strong> Services during the year amounted to $3,222 (2003: $683).• In addition to the above related entity transactions, certain Councillors were reimbursed for expenses incurred on behalf of the Society.• All related party transactions occurred in the normal course of business and were on normal commercial operating terms.NOTE 10 - Remuneration of Members of CouncilTotal income paid to Members of Council in respect of the financial year amounted to : 21,153 20,202The number of Members of Council whose $0 - $ 9,999 36 36income falls within the following bands: $10,000 - $19,999 1 1Included in the amounts above are the following payments:• President - motor vehicle and telephone 16,624 17,673• President Elect - travel allowance 3,750 -• Treasurer - telephone 779 2,529No other Members of Council receive any remuneration.14


NOTE 11 - <strong>Financial</strong> instruments disclosures(a) Significant accounting policies - Details of the significant accounting policies and methods adopted, including the criteriafor recognition, the basis of measurement and the basis on which revenues and expenses are recognised, in respect toeach class of financial assets, financial liability and equity instruments are disclosed in note 1 to the financial statements.(b) Interest rate risk - 2004 2003Fixed Floating Non Total Fixed Floating Non Totalinterest interest interest interest interest interestrate maturing bearing rate maturing bearingin year orin year orlessless$ $ $ $ $ $ $ $<strong>Financial</strong> assetsReceivables - - 364,166 364,166 - - 520,248 520,248Cash - 3,282,621 1,000 3,283,621 - 11,314 600 11,914- 3,282,621 365,166 3,647,787 - 11,314 520,848 532,162Interest rate 0.1% - 5.2% 0.1% - 4.2%<strong>Financial</strong> liabilitiesPayables - - 719,376 719,376 - - 349,286 349,286Bank overdraft - - - - - 61,186 - 61,186Loans payablewithin one year 23,107 1,050,000 - 1,073,107 1,772,313 - - 1,772,313Loans payable withinthe next two to five years 2,914,530 - - 2,914,530 1,637,638 - - 1,637,6382,937,637 1,050,000 719,376 4,707,013 3,409,951 61,186 349,286 3,820,423Interest rate 3.5% - 7.9% 3.5% - 8.2% 3.5% - 8.1% 3.5% - 8.1%Net financial assets (2,937,637) 2,232,621 (354,210) (1,059,226) (3,409,951) (49,872) 171,562 (3,288,261)(c) Credit rate risk - The carrying amount of financial assets recorded in the financial statements net of any provisions forlosses represents the maximum exposure to credit risk without taking into account the value of any collateral or othersecurity obtained.(d) Net fair value - The carrying amount of financial assets and liabilities recorded in the financial statements represents theirrespective net fair values, determined in accordance with accounting policies disclosed in Note 1 of the financialstatements.NOTE 12 - Accumulated funds 2004 2003$ $Balance at the beginning of the financial year 11,537,832 11,643,879Net Profit / (Loss) 1,774,297 (106,047)Balance at the end of the financial year 13,312,129 11,537,832NOTE 13 - Number of employees 2004 2003Number of employees at the end of the financial year 33 3015


<strong>Financial</strong> <strong>Statements</strong> <strong>continued</strong>Notes to and forming part of the Accountsfor the year ended 31 December 2004NOTE 14 - Segment informationAll business operations are in Australia and relate to operating an annual <strong>Show</strong> together with using the Society’s <strong>Show</strong>groundsas an exhibition and trade promotion centre.NOTE 15 - Notes to the Statement of Cash Flows 2004 2003$ $Net Profit / (Loss) 1,774,297 (106,047)Add back non-cash items:Depreciation 878,635 936,911Write off of PPE 82,431 -Loss on disposal of PPE - 142,382Inventory writeoff 2,653 -Doubtful debt expense 24,498 -Changes in net assets and liabilities:Decrease / (increase) in receivables 131,584 (340,067)Decrease / (increase) in inventories (7,995) 12,190Decrease / (increase) in other current assets 67,486 (59,221)Increase / (decrease) in payables 370,090 14,325Increase / (decrease) in provisions 33,430 (17,135)Increase / (decrease) in other current liabilities (255,759) 255,048Net cash provided by operating activities 3,101,350 838,368Financing facilitiesFirmly committed financing facilities of $4,450,000 (2003: $4,109,951) were available to the Society as at the end of thefinancial year. As at balance date $3,350,000 (2003: $3,471,137) of these facilities had been utilised.NOTE 16 - Impacts of adopting the Australian equivalents to International <strong>Financial</strong> Reporting Standards (A-IFRS)Management of the transitionIn accordance with the <strong>Financial</strong>Reporting Council’s strategic directive,the Society will be required to preparefinancial statements that comply withAustralian equivalents to International<strong>Financial</strong> Reporting Standards for theyear ending 31 December 2005.Accordingly, in 2004 the Society’sManagement Committee undertookto review the potential impact thatA-IFRS would have on the Society’sfinancial statements. The initial reviewrevealed that there was unlikely to beany significant financial impacts on theSociety as a result of the adoption ofA-IFRS.However, the following have beenidentified as the areas where changesto the Society’s financial statementsare possible:16a) Property, plant and equipment:On transition to A-IFRS, the Society hasseveral options in the determination ofthe cost of each tangible asset, and canelect to use the cost or fair value basisfor measurement of each class ofproperty, plant and equipment aftertransition. At the date of this report, theSociety has not decided which optionsand measurement basis will be adoptedand the likely impacts therefore can notbe determined.b) Impairment of assets:Non-current assets are written downto recoverable amount when the asset’scarrying amount exceeds recoverableamount. Historically, the Society hasdiscounted cash flow in determining therecoverable amount of its non-currentassets.Under A-IFRS, both current and noncurrentassets, including property, plantand equipment are tested for impairment.In addition, A-IFRS has a moreprescriptive impairment test, and requiresdiscounted cash flows to be used wherevalue in use is used to assess recoverableamount. Consequently, on adoption ofA-IFRS, a further impairment of certainassets may need to be recognised,thereby decreasing opening retainedearnings and the carrying amount ofassets. The Society has not yetdetermined the impact, if any, of anyfurther impairment which may berequired.Going forwardThe Society’s Management Committeewill continue to investigate the impact ofA-IFRS on its financial statements overthe next financial year and will, where itconsiders necessary, seek the advice ofexternal consultants in regard to ensuringthat the 2005 financial statements are incompliance with A-IFRS and that thetransition to A-IFRS is managedappropriately.


Independent AuditReportCouncil’sDeclarationScopeWe have audited the financial report of <strong>Royal</strong> Agricultural Society of WesternAustralia for the financial year ended 31 December 2004 as set out on pages10 to 16. The Councillors of the Society are responsible for the financialreport. We have conducted an independent audit of the financial report inorder to express an opinion on it to the members.Our audit has been conducted in accordance with Australian AuditingStandards to provide reasonable assurance whether the financial report isfree of material misstatement. Our procedures included examination, on atest basis, of evidence supporting the amounts and other disclosures in thefinancial report, and the evaluation of accounting policies and significantaccounting estimates. These procedures have been undertaken to form anopinion whether, in all material respects, the financial report is presentedfairly in accordance with Accounting Standards and other mandatoryprofessional reporting requirements in Australia so as to present a view whichis consistent with our understanding of the Society's financial position, theresults of its operations and its cash flows.The audit opinion expressed in this report has been formed on the above basis.Audit opinionIn our opinion, the financial report presents fairly in accordance withapplicable Accounting Standards and other mandatory professional reportingrequirements in Australia the financial position of <strong>Royal</strong> Agricultural Society ofWestern Australia as at 31 December 2004 and the results of its operationsand its cash flows for the year then ended.The council declares that:a) The attached financial statementsand notes thereto comply withAccounting Standards;b) The attached financial statementsand notes thereto give a true andfair view of the financial positionand performance of the Society;c) In the Council’s opinion there arereasonable grounds to believethat the society will be able to payits debts as and when theybecome due and payable.Signed in accordance with aresolution of the Council madepursuant to the constitution of theSociety.On behalf of the council byDavid White, Treasurer<strong>Perth</strong>, 24 February 2005DELOITTE TOUCHE TOHMATSUPeter McIverPartnerChartered Accountants\<strong>Perth</strong>, 24 February 2005ROYAL AGRICULTURAL SOCIETYOF WESTERN AUSTRALIAClaremont <strong>Show</strong>groundsClaremont, Western AustraliaPO Box 135, Claremont,Western Australia, 6910Telephone: (08) 9384 1933Facsimile: (08) 9385 2396Email: raswa@raswa.org.auWeb: www.raswa.org.au17


2003 - 2004Competitive EntriesEntries Animals Entries AnimalsSECTIONS 03 03 04 04AGRICULTURAL ART 29 31ALPACA 197 197 170 170ALPACA FLEECES 73 72AMATEUR WINE 52 47BAKERS BREAD &PASTRY COOKING 602 658CATS 196 234 267 291CAVIES 103 103 94 94COMMERCIAL FRUIT WINE 44 21COOKERY 606 551CREATIVE CRAFTS 1337 947DAIRY PRODUCTS 355 337DISTRICT DISPLAY 9 9HORSES BREEDAndalusian/Part Bred Andalusian 60 22 44 25Appaloosa 42 18 7 7APSB Australian 26 23 55 32APSB Highland 0 0 7APSB Shetland Pony 116 21 42 37Arabian/Arabian Derivative 83 63 170 89Aust Stock Horse 17 21 83 28Aust Stud Saddle Pony 40 8 4 2Australian Warmblood 1 17 15 15Buckskin 12 19 32 15Cleveland Bay 10 1 1 1Clydesdale 19 7 16 15Connemara 6 10 43 8Friesian 36 5 6 6Friesian Warmblood 15 14 6 1Holsteiner 5 6 6 6Miniature Horse 14 30 68 42Miniature Pony 34 15 22 27Morgan 1 5 0 0Paint Horse 53 14 9 11Palomino 17 17 22 9Percheron 137 1 1 1Pinto 32 22 93 41Quarter Horse 87 17 10 12Riding Pony 115 76 96 73Standardbred 7 14 47 16Thoroughbred 11 40 59 49Welsh/Part Welsh 85 80 140 109TOTAL 1081 586 1104 677HORSES IN ACTION 1354 1202CATTLE - BEEFAngus 43 60 56 39Belgian Blue 0 0 0 0Blonde d'Aquitane 12 11 22 19Brahman 0 0 0 0Braunvieh 1 1 5 5Charolais 53 43 50 42Dexter 33 30 49 42Gelbvieh 14 12 23 17Hereford 27 22 31 26Limousin 60 43 61 37Lowline 7 7 0 0Main Anjou 10 8 28 27Murray Grey 31 27 0 0Poll Hereford 71 38 64 32Red Angus 23 17 36 24Red Poll 36 24 28 22Salers 8 6 8 6Simmental 83 36 78 45Square Meater 9 8 8 7TOTAL 521 393 547 390Entries Animals Entries AnimalsSECTIONS 03 03 04 04CATTLE-DAIRYAyreshire 4 4 2 2Brown Swiss 12 12 13 13Guernsey 0 0 0 0Holstein Friesian 20 20 9 9Illawarra 1 1 4 4Jersey 38 35 34 32TOTAL 75 72 62 60CATTLE-TRADELive Export Steers (Pen of 3) 10 33 6 18Led Steers & Heifers 112 112 140 140Prime Steers & Heifers 80 80 104 104TOTAL 202 225 250 262DOGSBreed Classes 1856 1856 1697 1697Agility Teams 17 78 16 75Obedience Trials 31 31 36 36Agility Trials 89 89 102 102Jumping Teams 17 79 16 74Jumping Trials 89 89 104 104TOTAL 2099 2222 1971 2088GOATSBOER MEAT 70 65 68 66ANGORA 54 39 22 21DAIRY 110 106 52 52GOAT FIBRE FLEECESMOHAIR 36 27OPEN ART EXHIBITION 221 249PIGEONS 584 515POULTRY 755 879PHOTOGRAPHY 1597 1559PRIME LAMB COMPETITION 64 41RABBITS 269 160SECONDARY SCHOOLS COMP. 10 15SHEEPMerino 321 294 313 279British Breeds 208 197 221 155Corriedale 72 59 66 57Drysdale 10 9 0 0Poll Dorset 276 227 278 218Dorper 36 30 42 36White Dorper 68 56 70 59Damara 14 11 15 11Prime SAMMS 102 83 80 65Texel 54 47 57 42White Suffolk 99 81 110 86TOTAL 1250 1044 1252 1008SHEEP SHEARING 59 48SHOW JUMPING 225 370WINE 2949 2883WOOD CHOPPING 1097 1396WOOL 243 239TOTAL ENTRIES 18528 18115

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