Annual Report for 2006/07 - Metro Tasmania

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IntroductionThe Principal objective of Metro Tasmania Pty Ltd is defined in the Metro TasmaniaAct, 1997. It is:“To provide, road passenger transport services in Tasmania and to operatethose services in a manner consistent with sound commercial practice.”This legislation was enacted in February 1998 and established Metro Tasmania PtyLtd as a State Owned Company operating under Corporations Law.Metro Tasmania Pty Ltd has evolved from the former Metropolitan Transport Trust(MTT), which itself was formed in 1954 by the transfer of urban public transportservices operated by the Hobart and Launceston City Councils to the TasmanianGovernment. In 1959, MTT extended its operations to include urban bus serviceswithin the Burnie Municipality.Metro provides a broad range of urban passenger transport bus services withinHobart, Launceston and Burnie, as well as between Wynyard, Burnie and Ulverstone.These services are specified within a Community Service Activity contract betweenMetro and the Department of Infrastructure, Energy and Resources (on behalf of theState Government). Full details of the general route services and special studentservices provided by Metro can be obtained by searching Metro’s website atwww.metrotas.com.auMetro also provides a range of local and statewide charter services, as well asspecial event and community services (such as for the Hobart Show).IntroductionTable of contentsCompany Directory 1Principal Offices 1Chairperson’s Review 2Chief ExecutiveOfficer’s Review 3Statistics andPerformance Indicators 5Directors’ Report 8In its Corporate Plan Metro has identified its “vision” as achieving excellence inpassenger transport services and its “mission” as providing safe, reliable andquality road passenger transport services that balance stakeholder needs and soundcommercial practices.Metro’s Corporate Plan also sets out the Goals, Targets and Strategic Actionsthat Metro will be pursuing over the next 3 years in pursuit of its vision. Metro’sCorporate Plan can be downloaded from our website www.metrotas.com.auMetro now has a regional services division to operate services between Hobart andvarious regional centres. The services are delivered under individual route contractswith the Department of Infrastructure, Energy & Resources. They include services toBothwell, Kingston, Blackmans Bay, the Channel and New Norfolk.Until 30 June 2005 all these regional services, other than Hobart to Bothwell, weredelivered by Metro’s wholly owned subsidiary Metro Coaches (Tas) Pty Ltd underthe business name of Hobart Coaches. On 30 June 2005 the service contractsand business name were transferred to Metro as part of a corporate restructuringprogram.Metro is the registered trading name of Metro Tasmania Pty Ltd. Hobart Coaches isthe registered trading name for Metro’s regional services division.Auditor’sIndepence Declaration 9Directors’ Declaration 10Independent Audit Report 10Financial Statements 11
Company DirectoryNature of Business:Issued Capital:Registered Office:Provision of bus transport servicesTwo shares of $1.00 each212 – 220 Main RoadMoonah, TasmaniaABN Number: 30 081 467 281Directors:Sally Denny, ChairpersonShareholders:Senior Managers:Bankers:Auditor:Michael Wisby, Deputy ChairpersonKetrina ClarkeJanie FinlayRobert FlanaganCrown of TasmaniaTony Sim, Chief Executive OfficerJeff Dallas, Group ManagerOperations & EngineeringJack Lane, Manager Business DevelopmentAnita Robertson, Chief Financial Officer (part year)Navin Ram, Acting Chief Financial Officer (part year)Allison Ball, Manager Human ResourcesCommonwealth Bank of Australia81 Elizabeth StreetHobart, TasmaniaAuditor GeneralPrincipal OfficesHobartAddress:Head Office212-220 Main Road, Moonah, TasPostal Address: PO Box 61, Moonah 7009Telephone: (03) 6233 4232Facsimile: (03) 6272 8770LauncestonAddress:168 Wellington Street, Launceston, TasPostal Address: PO Box 578, Launceston, 7250Telephone: (03) 6336 5888Facsimile: (03) 6336 5899BurnieAddress:28 Strahan Street, Burnie, TasPostal Address: PO Box 182, Burnie, 7320Telephone: (03) 6431 3822Facsimile: (03) 6431 9336Other contractsE-mail:Website:The Metro Shop:correspondence@metrotas.com.auwww.metrotas.com.auHobart GPOElizabeth Street Bus StationHobart, 7000
Page 4 and 5: Chairperson’s ReviewChairperson
Page 6: Chief Executive Officer’s ReviewI
Page 9 and 10: Table 5 - Number of Buses in Servic
Page 11 and 12: Auditor’s independence declaratio
Page 13 and 14: Balance SheetAs at 30 June 200Conso
Page 15 and 16: Cash Flow StatementFor the year end
Page 17 and 18: 3. Significant Accounting Policies(
Page 19 and 20: Retirement benefitsDefined benefit
Page 21 and 22: 4. Revenue(a) Revenue from traffic
Page 23 and 24: 2007 ConsolidatedCategory Opening R
Page 25 and 26: Balance atBalance at1 Jul 2006 30 J
Page 27 and 28: 19. Retained Profits/ (Losses) Cons
Page 29 and 30: 2007Average effective Floating Less
Page 31 and 32: Balance sheet results as at 30 June
Page 33 and 34: Defined Benefit Obligations inclusi
Page 35 and 36: 30 June 2007 30 June 2006Expected R
Page 37 and 38: Funding and contribution informatio
Page 39 and 40: Providing safe, reliable and qualit

Annual Report for 2006/07 - Metro Tasmania

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