ANZSOG Report 2012 - Australia and New Zealand School of ...

FinancialsANZSOG is incorporated in Australia as a company limited by guarantee. The AustralianTaxation Office has endorsed the company as an income tax-exempt charity and,accordingly, the entity is exempt from income tax and eligible for GST concessions. Thecompany is funded by course fees, annual contributions from its member governments,contributions for academic chairs, interest income generated from capital grants, andsurpluses from its core programs.The 2012 financial year proved to be a challenging year for ANZSOG, with greater pressure being put onrevenue and costs. The changes in ANZSOG’s operating environment, especially around the changeshappening within the member governments, have prompted ANZSOG to work towards attaining a sustainablerevenue base and to improve efficiency within the organisation without compromising quality.Income SourcesConsolidated income for the 2012 financial year, at $19.6 million, has increased by $2.6 million, or 15%, incomparison to 2011. This growth has been driven by two new programs: Excellence in Local GovernmentLeadership Program (ELGLP) and the 2012 Pacific Executive (PACE) Program. ANZSOG also experiencedbetter than expected returns on investments in comparison to the previous year.17%9%8%21%10%4%Executive Master ofPublic AdministrationExecutive Fellows ProgramTowards Strategic LeadershipExecutive EducationInternational ProgramsMember ContributionsInvestmentOther19%12%30