GMHBA AnnuAL RepoRt 2010 - GMHBA Health Insurance

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GMHBA Limited ABN 98 004 417 092 GMHBA Limited ABN 98 004 417 092 CONTENTS 18 PAGE Members of the Board of Directors 19 Directors’ Report 20 – 21 Lead Auditor’s Independence Declaration 22 Corporate Governance Statement 23 – 24 Statement of comprehensive income for the year ended 30 June 2010 25 Statement of financial position as at 30 June 2010 26 Statement of changes in equity for the year ended 30 June 2010 27 Statement of cash flow for the year ended 30 June 2010 28 Notes to the Financial Statements for the year ended 30 June 2010 29 – 50 Directors’ Declaration for the year ended 30 June 2010 51 Independent auditor’s report 52 – 53 Principal Registered Office, Branch Locations, Affiliations and Agency 54 18
GMHBA Limited ABN 98 004 417 092 GMHBA Limited ABN 98 004 417 092 Members of the Board of Directors The directors of the Company at any time during or since the end of the financial year were: Michael J. Dowling, KSJ, B.Ec., FCA, SFCDA, Dip CD. Chairman since 2001 Director since 1998 Chairman Nomination & Remuneration Committee Member Strategy Committee Chartered Accountant Director – Dowling Corporate Consulting Pty Ltd Heather L. Wellington, MBBS, B. Med. Sci., BHA, FRACMA, LLB, FAICD. Resigned July 2010 Member Health Services Committee Lawyer Medical Practitioner Director – HPA Consulting Pty Ltd Chairman – IPG Ltd Consultant – DLA Phillips Fox Lawyers Kenneth E. Jarvis, OAM, KSJ, B App. Sc (Hons), Dip OR. Director since 2004 Member Audit & Compliance Committee Member Strategy Committee Executive Chairman – Aerolite Quarries Pty Ltd Executive Chairman – Jakape Pty Ltd Executive Chairman – Zambelli RWP Pty Ltd Director – Aviation Australia Development Ltd Sue Renkin, RN, MBA, MAICD, FCDA. Director since 2009 Member Nomination & Remuneration Committee Chief Executive – Open Family Australia Managing Director – intuitively focussed p/l Chairman – Monash Centre for Green Chemicals Future Chairman – Clayton Bio Medical Imaging Laboratories Chairman –Southern Metropolitan Cemeteries Trust Director – General Practice (VIC) Director – Northern Health Professor John C. Catford, MA MSc MB BChir DM DCH FFPH FRCP FAFPHM FIPAA FAICD. Director since 2009 Dean of the Faculty of Health, Medicine, Nursing and Behavioural Sciences and Professor of Health Development, Deakin University Chair – Postgraduate Medical Council of Victoria Editor-in-Chief, Journal Health Promotion International Oxford University Press Adjunct Professor in the Faculty of Medicine, Nursing and Health Sciences at Monash University Chair – Youth Substance Abuse Service Chair – Kinect Australia (incorporating VicFit in Victoria) Director – Diabetes Australia (Victoria) Director – Research Australia Governor – Windermere Foundation Governor – Epworth Foundation 19 19 Mark W. Sibree, BSc (Hons), MBA, MACS, FAICD. Resigned September 2009 Chairman Strategy Committee Member Investment Committee Trustee of CEDA Corporate Strategy Advisor Executive Director – Mutual Strategies Pty Ltd James E. Walsh, B.Com, MBA, FCA, MAICD. Director since 2005 Chairman Audit & Compliance Committee Member Nomination & Remuneration Committee Member Strategy Committee Chartered Accountant Director – Godfrey Hirst Australia Pty Ltd President – The Geelong Chamber of Commerce Russell H. Elliott, B.Sc., M. Ed., MAICD. Director since 2001 Chairman Investment Committee University Consultant Executive Director – Russell Elliott and Associates Pty Ltd Key Associate – Phillips KPA Pty Ltd Gerald Miller, BA, LLB. GAICD. Director since 2007 Member Audit & Compliance Committee Member Investment Committee Lawyer Director – Maryville Aged Care Inc. Director – The Geelong College Ltd CHIEF EXECUTIVE: Mark Valena, BBus (Acc), CA, MAICD. EXECUTIVE MANAGER FINANCE & COMPANY SECRETARY: Michael Carroll, BBus (Acc), CPA, MBA, FCIS. AUDITORS: KPMG 147 Collins Street Melbourne Victoria 3000 BANKERS: Commonwealth Bank of Australia Cnr Moorabool & Malop Streets Geelong Victoria 3220 APPOINTED ACTUARY: Michael Howard, FFA, FIAA, MBA, FAICD
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Page 11 and 12: MARK VALenA - CHieF eXeCutiVe Mark
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