Chief Executive Officer Report - Australian Sports Commission

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Financial Report 10 year Review Cash Analysis 1999 - 2008 Summary of cash flows Cash Flow % increase 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 2007 / '08 $ $ $ $ $ $ $ $ $ $ Net cash used provided in operating -218.19% 226,332 146,547 -123,990 275,435 -18,725 317,592 175,901 -573,034 469,639 122,728 Net cash used in investment -38.33% -2,434 -59,595 -96,632 -20,752 -12,022 -14,830 -131,924 -13,309 -13,063 -38,087 net cash provided (used) in financing -455.00% 258,532 -193,746 54,576 -7,196 -52,171 -73,553 -47,295 -35,400 -31,983 -31,162 Net increase (decrease) in cash -35.68% 482,430 -106,794 -166,046 247,487 -82,918 229,209 -3,318 -621,743 424,593 53,479 Net spending on property, plant -50.49% -2,434 -52,945 -106,946 -20,752 -1,955 -7,416 -39,528 -13,309 -13,063 -38,087 Ratio Analysis 1999 - 2008 YR 2008 YR 2007 YR 2006 YR 2005 YR 2004 YR 2003 YR 2002 YR 2001 Yr 2000 YR 1999 Current ratio:(current assets/current liabilities) 1.772 0.665 2.351 2.609 1.960 1.698 1.246 3.131 1.374 1.382 Safety margin:(net income/total revenue) 0.172 -0.210 0.005 0.037 0.025 0.034 0.011 0.045 0.070 0.016 Return on equity:(Net income/equity) 0.332 -0.736 0.010 0.074 0.054 0.065 0.024 0.093 0.105 0.056 Debt/solvency ratio:(Total assets/total liabilities) 3.222 2.036 4.375 5.713 5.220 4.636 5.034 5.617 2.527 2.142 Debt to equity ratio:(Total liabilities/total equity) 0.450 0.965 0.296 0.212 0.237 0.275 0.248 0.217 0.655 0.876 Equity ratio:Total equity/Total assets) 0.690 0.509 0.771 0.825 0.808 0.784 0.801 0.822 0.604 0.533 ** 2004 and 2005 figures presented reflect IFRS treatment. Changes in previous reported presentation in groupings. 2007/08 Annual Report 33
Overview and General Corporate Position 34 2007/08 Annual Report 2008 Financial Year The Audited 2008 Financial Statements for Touch Football Australia (TFA) submitted to the Annual General Meeting of Members reports an operating surplus of $650, 77 ($783, 3 loss in 2007). The increase ($ ,434,8 0) in reported operating results reflects TFA’s strategy for the reporting year of containing costs and managing programs to a level of optimum delivery. The reported results the previous year of 2007 also included expenditure, otherwise abnormally incurred, in relation to moving to a unified management structure for the sport of Touch. As reported in that year such expenditure was outside the scope of normal operations. The results for 2008 indicate a strong improvement over the 2007 year. Such action was undertaken and advised to members for the purposes of providing a financial imprint in the year 2008 in order to allow the management of the sport to move forward. A strong commitment by the Board and staff of TFA to this direction is evidenced by such a recovery. Total equity of $ . 6 m is now represented by $ 4,785 retained earnings; $882, 50 reserves and $83,244 net equity of States. The Board of TFA and TFA’s Audit has previously noted and accepted the 2008 Financial Statements. This included adopting representation to Audit from the Board and senior management (CEO and COM) on the inclusion and advice of all material disclosures, relating to the treatment of the equity support to States. This approach is a self qualification practice. This has drawn qualification by Audit, as previously in 2007, on the basis that at the time of signing the Statements no tangible assets of the States have been acquired by TFA as a result of dissolution of State entities. The only State under full control, and included in the reported activities of the Association is South Australia. The reporting structures in 2008/ financial year will comprise a whole of entity model, with recognition of net State equity being reported. 2008 from 2007 – Major variances (operation activity) • Total revenue increased by $4 ,875 ( .34%) in 2008 from 2007. Notable areas of increase being: - Business operations (incl. sponsorship) $227k (57.7%) - Technical Development $6 k ( 45.7%) - Competitions $87k (55.7 %) - Juniors $ 2 k ( 74. 3%) Note: - High performance income significantly reduced as a number of programs/camps held over to 2008/ - Junior development participation increased significantly as a result of targeted strategies. - Increased vigilance of income recognition to financial year reporting ($65k increase in income in advance) has contributed to a decrease in reported affiliation income. • Total expenses decreased by $ ,385,0 5 (30.64%) in 2008 from 2007. Notable areas of decrease being: - Employee expenses $3 k (3.3%) - Membership (incl. insurance) $267k (37.08%) - National events $62k ( . 3%) - Competitions $24k (2 .88%) - Game Development $57k ( 5.58%) - High Performance $820k (8 .67%) Note: - Salaries expense decrease is of significant importance as the costs staff terminations in the National Office is supported by an overall decrease in salaries. This recognises the new structure which was transitioned to in 2007/8. - Total subsidy of national events decreased by $62k.
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Page 15 and 16: Comparison Senior Team Numbers 05-0
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Chief Executive Officer Report - Australian Sports Commission

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