Annual Report 2011 Australian Grand Prix Corporation

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Australian Grand Prix CorporationABN 86 947 927 4654. Financial Statementsfor the Year Ended 30 June 2011Australian Grand Prix Corporation Annual Report 2011 23
Comprehensive Operating Statementfor the Financial Year Ended 30 June 2011Note 2011 2010$000’s$000’sIncome from transactionsFormula One Grand Prix 86,043 82,665Motorcycle Grand Prix 9,780 14,395Future Grands Prix 4,302 11,819Total income from transactions 2 100,125 108,879Expenses from transactionsFormula One Grand Prix (86,562) (83,165)Motorcycle Grand Prix (14,502) (14,281)Total expenses from transactions 2 (101,064) (97,446)Net result from transactions (Net operatingbalance) (939) 11,433Other economic flows included in net resultNet gain/(loss) on financial instruments (4,593) 2,609Net gain/(loss) on sale of non-financial assets (48) 16Net gain/(loss) on reassessment of useful life of- (728)8non-financial assetsTotal other economic flows included in net result 2 (4,641) 1,897Net Result (5,580) 13,330Other non-owner changes in EquityTransfer to/(from) cash flow hedge reserve 15 (35,458) 10,334Transfer to asset revaluation reserve 15 3,357 -Comprehensive Result (37,681) 23,664The comprehensive operating statement is to be read in conjunction with the notes to andforming part of the financial statements set out on pages 28 to 67.24Australian Grand Prix Corporation Annual Report 2011
Page 3 and 4: 1. Report of the ChairmanThe Austra
Page 5 and 6: in Formula 1. Melbourne is the only
Page 8 and 9: Strategic PrioritiesThe strategic p
Page 10 and 11: Reporting & Consultative Structure
Page 12 and 13: e. Administrative StructureMembers
Page 14 and 15: James A Strong AOJames Strong is cu
Page 16 and 17: f. Workforce DataThe number of pers
Page 18 and 19: 3. Financial Informationa. Summary
Page 20 and 21: . Consultancy ServicesConsultancies
Page 22 and 23: Disclosure of Major ContractsDuring
Page 26 and 27: Balance Sheet as at 30 June 2011Not
Page 28 and 29: Cash Flow Statementfor the Financia
Page 30 and 31: Notes to and Forming Part of the Fi
Page 70 and 71: Australian Grand Prix Corporation A
Page 72 and 73: The Australian Grand Prix Corporati
Page 74:
Australian Grand Prix Corporation22
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Annual Report 2011 Australian Grand Prix Corporation

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