SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

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NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2008 12. PROVISIONS Current 2008 $ Consolidated Parent Entity Employee entitlements 409,815 524,428 152,390 106,401 Non Current Employee entitlements 46,106 128,057 21,234 12,592 Aggregate Employee Entitlements 455,921 652,485 173,624 118,993 2007 $ 2008 $ 2007 $ 2008 2007 2008 2007 Number of employees as at 30 June 66 65 37 29 Consolidated Annual Leave Long Service Leave Opening balance 1 July 2007 397,155 255,330 652,485 Additional provisions raised during the year 326,780 44,275 371,055 Amounts used (390,854) (176,765) (567,619) Balance 30 June 2008 333,081 122,840 455,921 Parent Entity Opening balance 1 July 2007 106,401 12,592 118,993 Additional provisions raised during the year 179,655 8,642 188,297 Amount used (133,666) - (133,666) Balance 30 June 2008 152,390 21,234 173,624 78 SURF LIFE SAVING AUSTRALIA—ANNUAL REPORT 2007–08 Total
13. COMMITMENTS FOR EXPENDITURE Finance lease and hire purchases commitments 2008 $ Consolidated Parent Entity Payable not later than 1 year – 216,491 – – Later than 1 year and not later than 2 years – 323,490 – – Later than 1 year and not later than 3 years – – – – Minimum fi nance lease payments – 539,981 – – Deduct: Future fi nance charges – 31,274 – – Total Lease Liability (Note 11) – 508,707 – – Capital Commitments Northern Region SLSA Helicopter Rescue Service Pty Limited is party to a contract for the purchase of new aircraft amounting to $120,771 (USD $105,155) (2007: $220,337; USD $187,000). The company has registered a charge over the aircraft as security. Forward Exchange Contracts The company entered into forward exchange contracts to buy and sell specifi ed amounts of foreign currency in the future at stipulated exchange rates. The objective is to protect the company from unfavourable exchange rate movements related to the purchase of a new aircraft. At balance date the outstanding forward exchange contracts are: Sell Australian Dollars/Buy US Dollars 2007 $ 2008 $ 2008 $USD Settlement: within 6 months ($) 105,155 137,000 Average exchange rate 0.8707 0.7609 Westpac bank holds a security over a term deposit of $50,000 to secure the foreign exchange contracts. 14. MEMBERS’ EQUITY ISSUED CAPITAL The parent entity is incorporated under the Corporations Act 2001, as a company limited by guarantee and as such does not have any issued capital. If the company is wound up, the Constitution states that each member is required to contribute a maximum of $10 each towards meeting any outstanding obligations of the company. As at 30 June 2008 the number of members was 140,192 (2007: 129,870). SURF LIFE SAVING AUSTRALIA LIMITED AND ITS CONTROLLED ENTITIES—ACN 003 147 180 SECTION 03—FINANCIAL STATEMENTS 2007 $ 2007 $USD 79
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2008 SURF LIFE SAVING AUSTRALIA ANN
Page 3 and 4:
CONTENTS Surf Life Saving Australia
Page 5 and 6:
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
Page 11 and 12:
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
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Table 2: Report card (continued) Ta
Page 21 and 22:
Page 23 and 24:
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 and 64: 9. DIVIDENDS No dividends were paid
Page 65 and 66: INDEPENDENT AUDITOR’S REPORT To t
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: 11. BORROWINGS Current 2008 $ Conso
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
Page 115 and 116: INTERNATIONAL AND INTERSTATE CENTEN
Page 117 and 118: 2008 UBD AUSTRALIAN MASTER SURF LIF
Page 119 and 120: Event 1st 2nd 3rd 150 yrs min Singl
Page 121 and 122: 2008 UBD AUSTRALIAN SURF LIFE SAVIN
Page 123 and 124: Event 1st 2nd 3rd U 23 Female Surf
Page 125 and 126: Open club championships pointscores
Page 127 and 128: Event 1st place Time 2nd place Time
Page 129 and 130: 2008 AUSTRALIAN IRB CHAMPIONSHIPS 2
Page 131 and 132:
SECTION 05 STATISTICAL SUMMARIES Wh
Page 133 and 134:
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
Page 147 and 148:
On 19 October 2007, ‘Memorial to
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SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

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