Wagga RSL Club Annual Report - Wagga RSL & Commercial Club

Directors Report
For year ended 30 June 2012
Your Directors present their report on the company and its controlled entity for the financial year ended 30 June 2012.
The names of the Directors of the company in office at any time during, or since the end of the year are:
Name Years of Service Occupation Meetings Attended
John Keyes (President) 14 Retired 11/12
Phillip Elliott (Vice President) 5 Manager 11/12
John Gray 8 Retired 8/12
Phillip McIntosh 5 General Manager 11/12
Rodney Porter 4 Proprietor 11/12
Peter Thomas 4 Manager 10/12
Sally Whitley 2 CPA 12/12
Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.
Operating Profit
The profit of the consolidated group for the financial year
after providing for income tax amounted to $1,281,198.
Significant Changes
During the year, the company obtained a controlling
interest in Kuz Pty Ltd (Wagga RSL Motel). This company
has been consolidated into this financial report. No other
significant changes in the company's state of affairs
occurred during the financial year.
Other than the above, no significant change in the nature
of these activities occurred during the year.
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Principal Activities
The principal activities of the company during the
financial year were the operation of a licensed club.
No matters or circumstances have arisen since the end
of the financial year which significantly affected or may
significantly affect the operations of the company, the
results of those operations, or the state of affairs of the
company in future financial years.
Future Developments
Likely developments in the operations of the company
and the expected results of those operations in future
financial years have not been included in this report as
the inclusion of such information is likely to result in
unreasonable prejudice to the company.
Environmental Issues
The company's operations are not regulated by any
significant environmental regulation under a law of the
Commonwealth or of a state or territory.
Dividends
In accordance with the Articles of Association, the Parent
Company is a company limited by guarantee to the
extent of $2.00 per member and accordingly no shares or
debentures have been issued and no dividends have been
recommended or paid, since the start of the financial year.
Indemnifying Officer or Auditor
During or since the end of the financial year the company
has given an indemnity or entered an agreement to
indemnify, or paid or agreed to pay insurance premiums as
follows:
The company has paid premiums to insure each of the
following Directors against liabilities for costs and
expenses incurred by them in defending any legal
proceedings arising out of their conduct while acting
in the capacity of Director of the company, other than
conduct involving a wilful breach of duty in relation to the
company.
Mr John Keyes Mr Rodney Porter
Mr John Gray Mr Peter Thomas
Mr Phillip McIntosh Mrs Sally Whitley
Mr Phillip Elliott
Auditor's Independence Declaration
A copy of the auditor's independence declaration as
required under section 307C of the Corporations Act 2001
is set out on the following page.
Signed in accordance with a resolution of the Board of
Directors:
Mr John Keyes
President
Mr Phillip Elliott
Vice President
Dated this 28th day of August 2012
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