SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

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AUDITOR’S INDEPENDENCE DECLARATION As lead auditor for the audit of Surf Life Saving Limited for the year ended 30 June 2008, I declare that to the best of my knowledge and belief, there have been: a. no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and b. no contraventions of any applicable code of professional conduct in relation to the audit. This declaration is in respect of Surf Life Saving Australia Limited and the entities it controlled during the year. PKF Grant Saxon Partner Sydney, 25 September 2008 Tel: 61 2 9251 4100 | Fax: 61 2 9240 9821 | www.pkf.com.au | Level 10, 1 Margaret Street | Sydney | New South Wales 2000 | Australia PKF | ABN 83 236 985 726 | DX 10173 | Sydney Stock Exchange | New South Wales PKF East Coast Practice is a member of PKF Australia Limited a national association of independent chartered accounting and consulting fi rms each trading as PKF. The East Coast Practice has offi ces in NSW, Victoria and Brisbane. PKF East Coast Practice is also a member of PKF International, an association of legally independent chartered accounting and consulting fi rms. Liability limited by a scheme approved under Professional Standards Legislation. 62 SURF LIFE SAVING AUSTRALIA—ANNUAL REPORT 2007–08
INDEPENDENT AUDITOR’S REPORT To the members of Surf Life Saving Australia Limited. Report on the Financial Report We have audited the accompanying fi nancial report of Surf Life Saving Australia Limited, which comprises the balance sheet as at 30 June 2008, and the income statement, statement of changes in equity and cash fl ow statement for the year ended on that date, a summary of signifi cant accounting policies, other explanatory notes and the Directors’ declaration for both Surf Life Saving Australia Limited and Surf Life Saving Australia Group (‘consolidated entity’). The consolidated entity comprises the entity and the entities it controlled at the year’s end or from time to time during the fi nancial year. Directors’ Responsibility for the Financial Report The Directors of the company are responsible for the preparation and fair presentation of the fi nancial report in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Act 2001. This responsibility includes establishing and maintaining internal controls relevant to the preparation and fair presentation of the fi nancial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. In Note 1, the Directors also state, in accordance with Accounting Standard AASB 101 Presentation of Financial Statements, that compliance with Australian Equivalents to International Financial Reporting Standards ensures that the fi nancial report, comprising the fi nancial statements and notes, complies with International Financial Reporting Standards. Auditor’s Responsibility Our responsibility is to express an opinion on the fi nancial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the fi nancial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial report. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the fi nancial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the fi nancial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Directors, as well as evaluating the overall presentation of the fi nancial report. We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our audit opinion. SURF LIFE SAVING AUSTRALIA LIMITED AND ITS CONTROLLED ENTITIES—ACN 003 147 180 SECTION 03—FINANCIAL STATEMENTS 63
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2008 SURF LIFE SAVING AUSTRALIA ANN
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CONTENTS Surf Life Saving Australia
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ARE Our mission is to provide a saf
Page 7 and 8:
SECTION 01 OVERVIEW AND HIGHLIGHTS
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Table 1: Snapshot (For more detaile
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2008 5 January 2008 KNG Ironman ser
Page 13 and 14: Scene from SLSA’s latest televisi
Page 15 and 16: Our volunteers are passionate and c
Page 17 and 18: SECTION 02 OVERVIEW OF OPERATIONS A
Page 19 and 20: Table 2: Report card (continued) Ta
Page 25 and 26: CHIEF EXECUTIVE OFFICER’S REPORT
Page 27 and 28: Graph 2: Contributions to state cen
Page 29 and 30: LIFESAVING OPERATIONS REPORT Graph
Page 31 and 32: SURF SPORTS OPERATIONS REPORT OVERV
Page 33 and 34: COMMERCIAL OPERATIONS OPERATIONS RE
Page 35 and 36: Table 3: Stakeholder map (continued
Page 37 and 38: FINANCE OPERATIONS REPORT In June 2
Page 39 and 40: HELICOPTER RESCUE SERVICES OPERATIO
Page 41 and 42: RISK AND RISK MANAGEMENT Three majo
Page 43 and 44: 2007-08 saw a signifi cant change i
Page 45 and 46: CORPORATE GOVERNANCE OUR GOVERNANCE
Page 47 and 48: Michael James Martin B. Eng (Chem)
Page 49 and 50: COMPENSATION Directors receive no c
Page 51 and 52: Board of Lifesaving (BOLS) Name Pos
Page 53 and 54: Surf Sports Technical Committee Ric
Page 55 and 56: National Helicopter Advisory Commit
Page 57 and 58: OUR STAFF We have a small but dedic
Page 59 and 60: OUR OPERATIONAL STRUCTURE SLSA NATI
Page 61 and 62: SECTION 03 FINANCIAL STATEMENTS Wha
Page 63: 9. DIVIDENDS No dividends were paid
Page 67 and 68: DIRECTORS’ DECLARATION The Direct
Page 69 and 70: BALANCE SHEETS FOR THE YEAR ENDED 3
Page 71 and 72: CASH FLOW STATEMENTS FOR THE YEAR E
Page 73 and 74: Available-for-sale fi nancial asset
Page 75 and 76: 2. REVENUE 2008 $ Consolidated Pare
Page 77 and 78: 7. INVENTORIES At cost 2008 $ Conso
Page 79 and 80: 11. BORROWINGS Current 2008 $ Conso
Page 81 and 82: 13. COMMITMENTS FOR EXPENDITURE Fin
Page 83 and 84: 17. ASSOCIATED COMPANIES Country of
Page 85 and 86: 22. NOTES TO THE STATEMENT OF CASH
Page 87 and 88: 23. FINANCIAL INSTRUMENTS (CONTINUE
Page 89 and 90: 25. ADDITIONAL DISCLOSURES REQUIRED
Page 91 and 92: SLSA and Surf Sports Australia (SSA
Page 93 and 94: SECTION 04 SURF LIFESAVING IN AUSTR
Page 95 and 96: WHO CAN JOIN SLSA? Surf Life Saving
Page 97 and 98: Surf sports are a major feeder for
Page 99 and 100: Surf Life Saving Foundation Board L
Page 101 and 102: Andrew Johnson (Tathra SLSC, NSW) A
Page 103 and 104: y SLSA, one of only four in Austral
Page 105 and 106: Robert (Bob) Mayo AM Bob has dedica
Page 107 and 108: NEW LIFE MEMBERS RECOGNISING DISTIN
Page 109 and 110: 2007 AUSTRALIAN POOL RESCUE CHAMPIO
Page 111 and 112: Event 1st place Time 2nd place Time
Page 113 and 114: Male 50m Manikin Carry Anderson, Gl
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INTERNATIONAL AND INTERSTATE CENTEN
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2008 UBD AUSTRALIAN MASTER SURF LIF
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Event 1st 2nd 3rd 150 yrs min Singl
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2008 UBD AUSTRALIAN SURF LIFE SAVIN
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Event 1st 2nd 3rd U 23 Female Surf
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Open club championships pointscores
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Event 1st place Time 2nd place Time
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2008 AUSTRALIAN IRB CHAMPIONSHIPS 2
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SECTION 05 STATISTICAL SUMMARIES Wh
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Table 10: SLSA membership by catego
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As Australia’s major water safety
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WA Tas NT 2007-08 Total 2006-07 Tot
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Table 17: Surf sports—coaching an
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Peregian Beach SLSC Picnic Bay SLSC
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On 19 October 2007, ‘Memorial to
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SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

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