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8/6/2019 AnnualReport_2007-08[1] MOPT
1/44
Melbourne & olyMpic parks TrusT
annual reporT 2008
8/6/2019 AnnualReport_2007-08[1] MOPT
2/44
8/6/2019 AnnualReport_2007-08[1] MOPT
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contents
The purpose of The TrusT 4
Governance and execuTive ManaGeMenT 5
The chairMans reporT 6
The ceos reporT 7
hiGhliGhTs 2007-08 8
fasT facTs 9
our parTners 11
financial overview 14
financial sTaTeMenTs 1539
adMinisTraTive reporTinG requireMenTs 4041
disclosure index 42
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4 Melbourne & olyMpic parks TrusT
the PurPose of the trust
The TrusT is The cusTodian of a siGnificanT vicTorian asseT.
esTablishMenTT M om p Tt (MopT)
t 5 ot 1995 t t t
T M om p at 1985 ( m). it
t t mg t nt T ct Tt
(t 13 n 1985) t om p cmmtt
Mgmt (m g 1909). u t at t
t Mt t h Jm M, Mt
st, rt yt a.
The Melbourne and olyMpic parksacT 1985The Purpose of the Act:
T t at t t 3 :
T t M om p Tt t
mt t nt T ct, om p
t t t t t,
t t, t ttmt
T t mgmt t t
nt T ct om p
T t mt t nt T
ct om p
T t mt, mt, mgmt,
t t, t ttmt
t vt t t t t t
nt T ct om p.
u t at t Tt t g m
t:
T t , mmt,
mt t nt T ct om
p t t, t t, t
ttmt
T t t nt T ct om
p t t t t t t
t t
T g t t t nt
T ct om p -
t t t t t
T mgmt
t nt T ct om p
T t g, mt, mt,
mgmt, t t t, t
ttmt t vt
T t mt, mt, mgmt,
t t t g
t t
jt t t t t mg
t Tt
T t tmt t mmtt
mgmt c .
The TrusTs visionT g g mgt t t mt
t ttmt t.
our MissionT M om p Tt sttt att,
t t t t mg t M
om p t. T Tt ,
tt tt t t:
t t t at o
m at t;
ttt t t g tt
t tg ttmt t;
M t mt;
t vt mj t, tm t
ttg.
8/6/2019 AnnualReport_2007-08[1] MOPT
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5annual reporT 2007.08
Governance and executive ManaGeMent
sTaTeMenT of corporaTe Governancep t t t Tt t
mgmt , g t g t
t tt t Tt t tgt
tg. T Tt g t t
mt t gt t t g
t t t Tt m
t Tt.
reMuneraTion coMMiTTeeT Tt t rmt cmmtt
t g t Tt t t
mt t tm t mt
g t t t. T cmmtt mt
m mmt t t Tt
. T mm t cmmtt g t
30 J 2008 :
r c (c)
s ntt
J Mi
G p
J h
d n
finance audiT and risk coMMiTTeeT Tt t f at r cmmtt
t t Tt t t mtt g t t
:
f tg, tg t t
r mgmt
G
fg
T cmmtt mt mt m t
m mmt t t Tt .
T Mm t cmmtt g t 30 J
2008 :r c
s ntt (itm c 23 a 08)
J Mi (c t 19 M 08)
J c
G p
sTraTeGic planninG coMMiTTeeT Tt pg cmmtt t t
t t t t t Tt t g
t ttg g t.
T Mm t cmmtt g t 30 J
2008 :
r c (c)
s ntt
J h
kt J
G p
TrusTees
execuTive
at r
b Mc et
J Mi oaM
d sm
J TG Mgot
G p aM
J b oaM
d n
Mg wa cttg Ttg Mg
Tt bhm rMg
J JMarketing andcommuniations Manager
d stt d b
r c
d Mc f o
kt J s ntt aoJ hT hJ c
a TG Mgpt s
8/6/2019 AnnualReport_2007-08[1] MOPT
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6 Melbourne & olyMpic parks TrusT
the chairMans rePort
M om p tt t t M gt t t t tt vt. i m
t t tt t t t
gg t t t gt t; i t m
tm cm t gt tm. i t t
m Tt m m gt
t m t .
T Tt, t t gt vt t,
mt t t t t gg gg
, tt, t t. lt dm
t M om p (ammt) at 2007 m
t t, gt t t t t
t t t t tm mtttt. T gt g t t
t t mt t t
t t t t.
dg t at o, t pm t gt
t t g M om p g
tm tt t t tg t. h
gt $1.5m t t
t t mt t t. T g
t Tt t, t T
at, t t t. T Tt
T at tt t $250,000 t t
.
it t tg g t
t t t mg t t t t
gg tg. T at o ttt
605,735 m t 554,858 t
. T Tt t gtt G p, st
w t tm t T at t ttg
mt g t gt at o. T
tg t t
tmt. T jt t Tt t t at o mt t g t t t
tt m t G sm tmt.
T tt tt t rtg stm pjt
t G ctt t jt
ttg t m m t t. T
tm g t 2010 t m
t t t t mtt
tt t t mt t tg tg
vt. i t t t tt t
m t t s ntt, t c t stm
pjt ct G tt d stt,
Mj pjt vt t dtmt pg cmmt dmt t t t jt.
o t Tt, i t t t
tg Tt. J Mi ttg
tt t t 22 J b
gt t g 8 t t Tt m t
t om p cmmtt Mgmt. i
t m d b t t Tt i t
tt.
i m gt t m t t b M
tm t
t t Mt M t vt Gmt t gg mmtmt t t t t t
Tt. it tg gg tm i
t g t mtg t
M vt.
Russell Caplan
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7annual reporT 2007.08
the ceos rePort
i tt, tm tt 396 (g at o) tg m t 1.76 m
tt tg t $18 m
(g tt , gt, t g
t). T mt t t t tt tt
t t t t ttmt t t tt
.
T at o g ttt m,
mttg t gg gt t t t
tt tg. T t t t T
at tgt t . a t gg
mmtmt t m t o , t g g g
g Mtt M, g
t ht ft m g.
w mmtt t mg gg t t
t t t mt
t t t ttmt t.
a tg tt m t t g t
, m g b d t t s
pg, G st, c d, l r, T
wgg, i M M hgg. r l a
tt 153 t Jt Tm t
g t t tt n
dm. T t tg t t t
16,183 t.
T mg gt t
m v a gtt
t t t
g g t h at. h
a tt 142 g t
g: hg s M, cm
ft, r et, at
dt cm rm
r. T st dg t
tm t a t m
anZ cm t tm
t M v t .
M, g
rt tt t tt
tt . T a t
t g t mj
tg t t g
t g t mg.
om p stm t 13 M
stm gm g . w
gtt t M stm t 2007 m t tm g t tm. om
p 101 t tt g t t
m tt t Tt a
s tt.
o mt gt t jt, t M rtg
stm, t t t t jt t
2010 g. ot gt t jt mt
t t tt t
t, t mt t ft ct t
t , t t t t m,
tt t t g tt, g t tt tm mmt t . i
, $10m t t t t tg t
t jt.
i t t t cm, r c,
t Tt t gg t t t t
M p g t . w t
, t t t
t tgt.
Brian Morris
0
5,000
10,000
15,000
20,000
25,000
$000Operating Profit*
*Operating profit excludes interest revenue, grants, depreciation and borrowing costs
Annual Operating Profit
2000 2001 2002 2003 2004 2005 2006 2007 2008
8/6/2019 AnnualReport_2007-08[1] MOPT
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8 Melbourne & olyMpic parks TrusT
hiGhliGhts 2007-08
ausTralian open sMashes records
rt t p , t at o t t . a G sm 4 t 62,885 g t M p t . T g t 605,735 t
at o.
wt t mt n dj a i mgg t, g t g g a
c d, t tmt t . it t tt t gt, t t t 4
46m htt bgt tt jt .
T at o m ttmt t t t sg
rg c at G p t t MopT T
at t m mm t .
JusTin TiMberlake brinGs crowds backT tm Jt Tm
tg m t r l a. a tt
16,183 18 nm m t m mm t
t t t. ht t gt g t
mmt m gt .
ot m M p tg
at m ttmt b d, M b, f
fgt, Mt Tt, l rt, pg/, G st,
r stt T wgg!
Melbourne recTanGular sTadiuM eMerGesT g t M rtg stm t t 2010. i J t tt t t t tt t m . wt t t , tmt g t t
tt mgg.
new boundariesf m t M & om p t m m
t t t jt t tt.
T m ; t Tt mg
t t g , g t mj t G
p. T m t tm
t t tg.
Melbournes perfecT sTorMM stm t t om p t t
t t nrl tt 2007. i mt ,
t t 13 m gm. o
t , t stm g tt t rtg
stm m g g 2010.
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fast facts
9annual reporT 2007
MaJor capiTalexpendiTure proJecTs
it t t $4.739m
T t h a $0.969m
ctg t $0.467m
p t g ( g) $0.430m
e t t m $0.361m
ft ct mt $0.324m
wt g tt $0.211m
ug t gtg t
t h a $0.176m
r m
t h a $0.158m
n tgt t r
l a $0.150m
fasT facTsnm tt a 295
nm tt om p/ 101
nm tt t
M p ft ct 109
nm rla T t 6556
nm mt.m t t 328,640
l MopT jt 40 ()
T mg tt 12 ()
G mg tt 4 ()
stg t t t t 400,000 t
rt t mt 2006>2007 13.25m t 10%
wt tgt t 70-75%
wt t t at o 293 t (73%)
c t Jt Tm 18/11/07 (rla ) 16,183
att t 2008 at o () 605,735
c t ao, 4 (1 G sm ) 62,885
Tm t htt bgt gm 4.33m
M. stm 2007 t t t om p 100%
iniTiaTives b p t
n Tmt ct m
Mt pt M
T f st
(ht ft )
amt g ao
$2m t
($250 MopT tt)
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10 Melbourne & olyMpic parks TrusT
staff at work
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11annual reporT 2007.08
our Partners
TenanTsatt vt
cg ft c
M vt
om p st M ct
T at
T vt
vt ittt st
suppliersc s
c-c amt
dg at
h at
nt f M lt
nt pt
p r at
business parTners and reGular hirersa MM pt
at st s
c stg rggg
cgg ettmt
cg vtdt ct ettmt
d nt cm at
f ettmt
ft Tg
ft ettmt
h at
M stm
M c pt
st dg
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14 Melbourne & olyMpic parks TrusT
FINANCIAL OVERVIEW
Th ttmt th t t t th tvt f M & oym pk Tt f th y dd 30 J 2008.
Th t t f 2008 t f $104.258 m (2007: $15.802 m). Th t t dd $97.955 m,
tg ddty vd f d th djt t th M d oym pk t gtd t th
Tt fm v tt. Th gt ttd 3d pty ctt.
Th Tt vd gt fm th Vt Gvmt ttg $79.294 m f hh $78.579 m ttd
ttd t (2007: $1.746 m f hh $1.146 m ttd ttd t), th gt f
tt td th tt f th rtg stdm, mvmt t Gh pddk, th dvmt f
f th M d oym pk t d mt f yg tmg qmt t H a.
Tt v f 2008 $70.342 m, (2007: $67.364 m). Th y vd t xt y th
m d qty f vt hd, ttg t hgh yd v tm h v h, tktg, tg d
mhdg.
Th gt ft hg th v :
Th f dvy f at o th d ttd f 605,735;
a yt at my d tg at d td rd lv a tgg my hgh qty
tt vt. Th ty f tt h Jt Tmk, c D, Mthx 20, rd stt, b Dy
d Mh b td hgh vt yd;
H a tt td t g, htg 15 kt mth d mvd m f t d yg
vt. Th v d f m f mmty vt, ft d t.
Tt xdt 2008 $64.040 m, (2007: $51.562 m). Th xdt d t;
i vt td xdt th th vt td v;
i dt t d t ddt vt f ld & bdg t 30 J 2007 hh d
pty, pt & eqmt ( mtd dt) y $101.510 m.
pty, pt & eqmt ( mtd dt) d y $136.231 m md t t y, my d
t d v (g pty p id qd y th F Mgmt at 1994) d xdt
th M rtg stdm.
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15annual reporT 2007.08
Melbourne & olyMpic parks TrusT
FINANCIAL STATEMENTS
operaTinG sTaTeMenT
balance sHeeT
casH Flow sTaTeMenT
sTaTeMenT oF cHanGes in equiTy
y edd 30 Ju 2008
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16 Melbourne & olyMpic parks TrusT
MELBOURNE & OLYMPIC PARKS TRUST
OPERATING STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
nt 2008 2007 $000 $000
RevenuefRomcontinuingactivities
rv fm tg tvt 3 70,342 67,364
trr 70,342 67,364
expensesfRomcontinuingactivities
a cttg & Ttg 1,903 2,089
F & admtt 6,323 3,984
Mtg & cmmt 10,213 12,551
ot 25,465 19,641
pt sv 6,348 6,215
Dt 1(), 6, 7 13,398 6,240
F ct 4 391 844
tr 64,040 51,562
nrr 2 6,303 15,802
rv at f 3d pt ld 3(d) 97,955 -
nrrrrrd 104,258 15,802
Tt hg t th th th tg
fm tt th Vt stt Gvmt
t t 104,258 15,802
Th v sttmt f pfm shud d jut wth th mpg ts.
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17annual reporT 2007.08
MELBOURNE & OLYMPIC PARKS TRUST
BALANCE SHEETAS AT 30 JUNE 2008
nt 2008 2007 $000 $000
cuRRentassets
ch d ch evt 12() 32,688 34,252
Td d oth rv 5 100,044 2,850
ivt 7 13
pmt 77 97
Tt ct at 132,816 37,212
non-cuRRentassets
pt pt & emt 6 697,774 561,543
itg at 1(),7 124 183
Tt n ct at 697,897 561,726
t 830,714 598,938
cuRRentliabilities
Td d oth p 8 14,431 21,592
itt bg lt 1(j),10(),() 4,031 5,707
em bt 1(d), 9() 1,404 1,361
Tt ct lt 19,867 28,659
noncuRRentliabilities
itt bg lt 1(j),10(),() - 5,044
em bt 1(d), 9() 214 188
Tt n-ct lt 214 5,232
Tt lt 20,080 33,891
na 810,633 565,047
equity cttd ct 11() 334,709 256,130
amtd s 11() 161,503 57,246
at rvt rv 1(), 11(), 314,421 251,671
t 11(d) 810,633 565,047
Th v sttmt f pst shud d jut wth th mpg ts.
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18 Melbourne & olyMpic parks TrusT
MELBOURNE & OLYMPIC PARKS TRUST
CASH FLOW STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
nt 2008 2007 $000 $000
cashflowfRomopeRatingactivities
rt fm ctm d V im fm od atvt 76,168 71,558
GsT rvd/(pd) fm/t at Txt of (3,032) (2,840)
itt rvd 1,885 1,154
pmt t s & em (58,836) (56,995)
bg ct pd 4 (391) (844)
nrdd/(d)r 12() 15,794 12,033
cashflowsfRominvestingactivities
pmt f Fxd at (89,218) (6,465)
nrdd/(d) (89,218) (6,465)
cashflowsfRomfinancingactivities
pd fm ct ctt y stt Gvmt 11() 78,579 1,146
rmt f bg (6,720) (5,802)
nt h vdd /(d ) g tvt 71,859 (4,656)
nr/(dr)d (1,565) 912
ch t th gg f th 34,252 33,340
cdr 12() 32,688 34,252
Th v sttmt f sh ws shud d jut wth th mpg ts.
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19annual reporT 2007.08
MELBOURNE & OLYMPIC PARKS TRUST
STATEMENT OF CHANGES IN EQUITYAS AT 30 JUNE 2008
nt 2008 2007 $000 $000
br 565,047 446,588
cttd t 11() 78,579 1,146
nt t vt mt(dmt) 1(),11() 62,750 101,510
nrddr 141,329 102,656
nt t f d 11() 104,258 15,802
trddrrd 11(d) 245,585 118,459
bdr 11(d) 810,633 565,047
Th v sttmt f hgs qut shud d jut wth th mpg ts.
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20 Melbourne & olyMpic parks TrusT
NOTES TO FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
note1 statementofsignificantaccountingpoliciesTh fg mm f gt tg d t vdd t t th dtdg f th
Tt ttmt.
() ba
Th g- t h d d th th F
Mgmt at 1994, at atg stdd d ugt i G ittt.
Th t h d th f ht t, xt f th vt f t t d
t, hh, td, t vt.
Th tg t t hv d g th ttmt f th dd 30 J2008 d th mtv fmt td th ttmt f th dd 30 J 2007. wh
t, mtv mt td d d tt th th t .
()Rncrra
st t th t gt t, -t h t, th th t, mt & vh,
md t f v. pt, mt & vh md t t. rvt md th ft
gt t tht th g mt f h t d t dff mt fm t f v t th tg
dt. rvt d d mtd ddt mt, t t v v .
rvt dtd d th th Vt Gvmt p p Vt f n-ct ph
at d m th at atg stdd aasb 116.
rvt mt dtd dt t th t vt v, xt tht, t th xtt tht mt
v vt dmt t f tht f t v gd x th t
t, th mt gd mmdt v th t t. rvt dmt gd
mmdt x th t t, xt tht, t th xtt tht dt xt th t vt
v t f th m f t, th dtd dt t th t vt v. rvt
mt d dmt fft gt th th f -t t.
() Dr
i m th at atg stdd aasb116, dt h hgd xd t d
t dvmt, th th xt f ld. Th v f dt md g th tght-
mthd, t t t t th tmtd f f t th Tt f h dvd t. etmt f th mg
f v f t vd d g fm gt th z t vt . Th tt
t t t vd v $1,000, ht t f th $1,000 v xd mmdt.
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21annual reporT 2007.08
NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
note1 statementofsignificantaccountingpolicies(d)
(d)eb
() wg, s d a lv
lt f g d , dg -mt t d v xtd t ttd th
12 mth f th tg dt gd th v f m t t f m
v t th tg dt, d t t d md t th m v.
Th t tht t xtd t ttd th 12 mth gd th v f m
t -t t, md t t v f th mt xtd t d h th
t ttd g th mt t xtd t t th tm f ttmt.
() lg sv lv
a t f g v v gd, d md th t v f xtd ft
mt t md t f v vdd m t th tg dt. cdt
gv t xtd ft g d v, x f m dt d d f v. a
dt vtd g v v tg 7 gt f t v dd
d th aasb 101, t t. extd ft mt md t m v
h mt f th t t xtd t f d th 12 mth ft th d f th d
d dtd h th Tt d t xt t tt mt f th t th 12 mth. Dt
t d tt t t Gvmt gtd t th tm t mtt tht
mth, , th tmtd ft h t.
() st
Th mt hgd t th ttmt f fm t f t t th
tt md th Tt t t fd ( t 10()).
()RR
rv gd h v dd d h th Tt g t v th dg t.
itt vtmt gd h d.
() Rda
amt th t hv dd t th t thd d, th , t th t d.
()crdc
Tf fm th Dtmt f pg cmmt & Dvmt (DpcD) tht th t f tt
dtt f t hv dgtd ttd t.
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
22 Melbourne & olyMpic parks TrusT
note1 statementofsignificantaccountingpolicies(d)
()gddsrt
im, x d t gd t f th mt f td GsT, th GsT d t
v fm th txt tht. i th t gd t f th t f t f th t
t f th x.
rv d ttd v f th mt f GsT v . Th t mt f GsT
v fm, t, th txt tht dd th th v th ht.
ch td g . Th GsT mt f h g fm vtg g
tvt hh v fm, t th txt tht, td tg h .
() ia
itg t t dt -mt t tht h t. itg t
gd t t. ct d t t t t td h t xtd tht ddt
ft m t t th Tt.
(j) lda
l d hv th tm f th tf tt th d d
t th . a th d tg . at hd d gd
t f th Tt t th f v , f , t th t v f th mmm mt, h dtmdt th t f th . Th dg t t th dd th ht
gt.
note2 ResultfoRtheRepoRtingpeRioD
nt 2008 2007
$000 $000
Th t t f th tg d vd t ft:
crdrrrdr
adt-G F 47 33
D f dd T ct 2,400 -
amt t d f:
- a lv pv 428 495
- lg sv lv pv 1,190 1,054
- bd & Dtf Dt 24 -
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
23annual reporT 2007.08
nt 2008 2007 $000 $000
note3 RevenuefRomoRDinaRyactivities
rv fm d tvt m th fg:
or:
V im fm od atvt () 66,622 64,620
n-or:
M2006 cmmth Gm () 0 150
sg Fd im () 440 417
ctt fm Thd pt (d) 1,396 658
itt rvd 1,884 1,519
70,342 67,364
() virordra
V im fm od atvt t th Tt g, v gtd v tm hh
m evt/Ft td m. rv gd th Tt ft h vt h d.
Th Tt tg d th dt t tht t hf f v h fm tt d, f
mttg th t d t th h. sh mt, td fm d d t thd t hf f v
h, dd v d xdt f th Tt. Th f th mt h mt thtg t f th Tt.
) m2006cgR
i 2007-08, th v f M2006 cmmth Gm. Th M 2006 cmmth Gm
ct vdd $0.15m fdg dg th 2006-07 tg d tt td th dt
t d th Tt t th th M 2006 cmmth Gm.
() skfdi
Th D nth sg Fd mgd jt th Tt d D nth. D nth m mth
tt t th sg Fd. Th t jt dtm th mt f th mt mvmt f
tg mt t hd fm th sg Fd.
Th T at sg Fd mgd jt th Tt d T at. T at tt
t th sg Fd. Th t jt dtm th f th sg Fd th t f t t
mvmt t th t.
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
24 Melbourne & olyMpic parks TrusT
note3 RevenuefRomoRDinaRyactivities(d)
(d)crrtrdpr
MopT h gtd v f d t th v f $97.955m. Th tf f th f d h
d thgh pmt t dt d h MopT hv gd th tf 3d pt ctt
v.
Th DpcD ttd $0.45m td mvmt t Gh pdd.
Th DpcD ttd $0.25m td fmt f f th dvmt f M d oym pk.
Th DpcD ttd $0.015m td th mt f g t tmg mt f t H a.
T at ttd $0.681m td th fg f t t.
note4 financecosts
F t dd 2007/2008 $0.391m ($0.844m 2006/2007) d t t tt ht tm d g
tm g. Th t td dg th tg d t f th g mt
f fg t d th vtmt v d d fd tht h ddtd fm th
t d.
note5 tRaDeanDotheRReceivables
nt 2008 2007
$000 $000
ct Dt () 99,622 2,450
pv f Dtf Dt () (16) -
ad rv 438 400
100,044 2,850
() crrDr(30J2008)
ctd th th Dt b t 30 J 2008 v f v f d hh hv
tfd t MopT t th v f $97.955m. wh mt vd tht th d tf hv
hd th Gvmt Gztt, th v tfd t ld Fxd at.
()prrDD
b t th bgg f th y
- -
+ n v gd dg th 16 -
b t ed f y 16 -
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
25annual reporT 2007.08
note6 pRopeRty,plant&equipment nt 2008 2007
$000 $000
ld t f v (30 J 2008) () 313,750 -
ld t iddt Vt (30 J 2007) - 251,000
313,750 251,000
bdg & imvmt t iddt Vt (30/06/07) 529,827 533,408
l amtd Dt (244,373) (233,313)
285,454 300,095
bdg & imvmt t ct 7,318 -
l amtd Dt (247) -
7,071 -
pt & emt (dg Vh) t ct 20,611 19,546
l amtd Dt (17,931) (17,306)
2,680 2,240
ctt pg 88,818 8,208
Tt pt, pt & emt 960,324 812,162
l amtd Dt (262,550) (250,619)
697,774 561,543
() ldr(30J2008)
ld t ddt vd t J 30 2007 d h vd t J 30 2008 g pt p
id d th F Mgmt at 1994. Th vt dx d f Vt ld cmm
M 3000 hh 1.25.
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
26 Melbourne & olyMpic parks TrusT
note6 pRopeRty,plant&equipment(d)Rprr,p&e
rt f th g mt f h f t, t & mt t th gg d d f th
t t t .
ld bdg & pt & ctt
imvmt emt i pg Tt
2008
cg mt t tt f 251,000 300,095 2,240 8,208 561,543
addt - - - 89,192 89,191
D - (2,400) - - (2,400)
Tf - 7,318 1,264 (8,582) -
Dt - (12,488) (824) - (13,312)
rvt 62,750 - - - 62,750
crrdr 313,750 292,525 2,680 88,818 697,774
2007
cg mt t tt f 247,615 202,204 2,968 6,938 459,725
addt - - 6,594 6,594
D - - (131) - (131)Tf - 5,167 157 (5,324) -
Dt - (5,401) (754) - (6,155)
rvt 3,385 98,125 - - 101,510
crrdr 251,000 300,095 2,240 8,208 561,543
note7 intangibleassets
nt 2008 2007
$000 $000
itg at 448 420l amtd Dt (324) (237)
124 183
note8 tRaDeanDotheRpayables
cdt - G 824 2,372
- evt Fd Hd Tt 8,351 15,350
ad ex 3,785 1,776
pd rv 1,471 2,094
14,431 21,592
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
27annual reporT 2007.08
nt 2008 2007 $000 $000
note9 employeebenefits
() aldlsrl
pv d th th tg td nt 1(d).
Th em bt t 30 J 2008 td :
crr
a v d lsl ttmt tg
7 gt f t v
- sht-tm m t, tht f d th
12 mth ft th d f th d md t
m v 428 496
- oth g-tm m t tht d t f d
th 12 mth ft th d f th d md
t t v. 976 865
1,404 1,361
n-rr
lsl tg th 7 f t v
md t t v 214 188
1,618 1,549
()sr
Th Tt t tt t th t hm dtd f th m h t t
m mm. em ttd t J 2000 d t t tt mmm f 3% f t
th mtd t hm, t hh th Tt dd m tt f 3% ddt t th
st Gt lv f 9% (. tt m tt mxmm f 12%). F th m
th mxmm m tt t t th st Gt lv f 9%. Th m f th m
t fd th tt gt th $10,000 d:
() aMp Fx st $11,349
() c Ft stt p $27,850
() Ht $53,747
(v) nvgt s st $208,107
(v) at s-sTa st Fd $842,934
(v) sd G rtmt st $11,844
Tt ctt f 2007/2008 $1,281,332
Th Tt t xd t t d th tt d d mt f tt t th v
fd t th Tt gt d th st Gt at. a t 30 J 2008, th mt f
tt ttdg $57,077. Th t fm f th t fd.
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
29annual reporT 2007.08
nt 2008 2007 $000 $000
note11 equityanDmovementsinequity
() crdc
Dg th tg d, Th DpcD ttd $78.579m t th Tt ($6.0m 2005/06 d $1.146m 2006/07)
td th tt f th tg tdm. Mvmt cttd ct f th tg d
dd f:
og ttd t 256,130 254,984
ct ttd dg th th Vt stt Gvmt 78,579 1,146
cg ttd t 334,709 256,130
()adsr
og mtd 57,246 41,444
nt t f th tg d 104,257 15,802
cg mtd 161,503 57,246
() aRRr
Th at rvt rv d t d mt d dmt th vt f -t t,
dd tg nt 1(). Th at rvt rv d f:
og v 251,671 150,161
nt /(d) t vt v 62,750 101,510
cg v 314,421 251,671
(d)ce
Tt t t th gg f th tg d 565,047 446,589
imt t cttd ct 78,579 1,146
Tt hg t gd th ttmt f F fm 104,258 15,802
imt t at rvt rv 62,750 101,510
Tt t t th d f th tg d 810,633 565,047
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
30 Melbourne & olyMpic parks TrusT
nt 2008 2007 $000 $000
note12 cashanDcashequivalents
() RcfrddroranRrRrprd
nt rt f th rtg pd 104,258 15,802
n csh ws optg rsut
-Dt 13,398 6,240
-G/l s f Fxd at 2,400 0
-ld Gt rv (97,955) 0
chgs assts & lts
-(i)/D rv d pmt 786 (759)
-i/(D) p (6,538) (8,841)
-i/(D) pd rv (623) (652)
-i/(D) em bt 69 243
nt ch vdd fm otg atvt 15,794 12,033
()ca
F th f th ttmt f ch F, h d:
() ch hd d dtd v t th d ttt.
() ivtmt m mt v t th d ttt.
() ivtmt m mt tmt th th tv mth t mtt th d
ttt.
- ch t hd 33 53
- ch hd Tdg b at t 2,014 3,931
- ivtmt b Dt t 10,441 8,367
- ivtmt b M Mt v th 12 mth 20,200 21,901
32,688 34,252
at 30 J 2008, th Tt hd $8.351m tt d th f $0.621m hd Tdg b at hd ttd.
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
32 Melbourne & olyMpic parks TrusT
note16 financialinstRuments
tr,dd
Th Tt tm, dt d tg t f tmt, th gd d
gd, m th at atg stdd aasb 7, f:
fir ap trdcd
F at
ch t & vtd ch dt gd t
tg dt, dg d
tt t dt. itt dd v t .
ch th hd t dt t g
tt t v t, vtd f
ht xd tm d m mtt t xd t.
Td dt Td dt d t mt
d. Th tt f dt
d t dt d
v md f md
t.
Td dt 30-d tm
fm th d f mth hh th v
d. n-t dt t
v t d th t TcV 11m
t, hgd t.
F lt
Td dt d Td dt d
gd f mt t d th ft f gd v
vd, hth t d t th
Tt.
Td dt m ttd th
30 d fm th d f th mth hhth v d.
l p l t th T
ct f Vt gd
t th Tt t t
dt.
V th TcV t xd t
dtmd t 11m t f xd ht
tm d. Th Tt xd th
TcV xd mt, t d tm,
t.
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
33annual reporT 2007.08
note16 financialinstRuments(d)itt rt r
ex t tt t gt. Mmt f hvd m dtg ht tm xd
t -tt g tmt. MopT tt g t xd vdd T
ct f Vt. MopT x t tt t t t :
Fxd tt Mtg :
Ftgitt rt
1
ov 1 t5
M th5
n ittbg
Tt
$000 $000 $000 $000 $000 $000
2007/2008
fa
ch t b & o Hd 12,455 20,200 - - 33 32,688
sd Dt - - - - 2,089 2,089
12,455 20,200 - - 2,122 34,777
wghtd avg rt 7.20% 7.70%
fl
sd cdt, a
& pd rv - - - - 17,471 17,471
l p - 4,031 - - - 4,031
- 4,031 - - 17,471 21,502
wghtd avg rt 5.86%
2006/2007
fa
ch t b & o Hd 12,298 21,900 - - 54 34,252
sd Dt - - - - 2,850 2,850
12,298 21,900 - - 2,904 37,102
wghtd avg rt 5.66% 6.31%
fl
sd cdt, a
& pd rv - - - - 21,592 21,592
l p - 5,707 5,044 - - 10,751
- 5,707 5,044 - 21,592 32,343
wghtd avg rt 6.89% 6.61%
Fg cu rsk
MopT xd t gt fg thgh t tg t h f d
m fm v. Th f mtd mt f h dmtd fg d ht tmfm t mmtmt d ttmt. at J 30 2008, MopT dd t hv d h
ttdg hh ttmt fg .
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
34 Melbourne & olyMpic parks TrusT
note16 financialinstRuments(d)cdt rsk expsu
cdt fm th t f MopT, hh m h d h vt d td d th
v. MopT x t dt fm th tt dft f t t th tt
gt tg t MopT. cdt md t f v d mtd g .
cdt td th MopT t mm t MopT t d th tt th
hgh dt tg d t t ft t dt hmt h t.
i ddt, th MopT d t gg hdgg f t t.
pv f mmt f t td d t x, d t d xtd hg
t dt tg. at dt MopT t hh hv dtd md dtd
:
nt 2008 2007
$000 $000
irdRa
ct - -
1-30 D - -
31-60 D - -
61-90 D - -
91-120 D - -
+120 D 16 -
Tt imd rv t d f 16 -
MopT mxmm x t dt t dt th g mt f dt dtd :
nt 2008 2007
$000 $000
Ra
ct 1,709 2,251
1-30 D 292 374
31-60 D 51 209
61-90 D 12 7
91-120 D 3 (2)
+120 D 22 11
Tt rv t d f 2,089 2,850
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
35annual reporT 2007.08
note16 financialinstRuments(d)lqudt rsk
ldt h MopT t mt t gt th f d. Td dt m
ttd th 30 d fm th d f th mth hh th v d. it t mg
thgh mtg ft h d mtt g t dt hdg f hgh t d t
d dg hgh d mt.
MopT x t dt dmd gt d d dt (: MopT ht f ttg dt)
d t mt f . ch f xtd vt g d fm dt f v-f-
vtmt.
MopT Mxmm x t dt th g mt f t dtd th fg t:
fla*
nt 2008 2007
$000 $000
6 mth 11,251 20,830
6-12 Mth 2,101 2,090
1-2 y - 4,180
Tt p t d f 13,352 27,100
* Ths muts pst udsutd gss pmts udg th pp d tst muts
nt F Vus
nt f v f t d t dtmd th Tt th fg m:
ch t b Th g mt t f v t t mt
f t thd th Tt t tm tht t
d t thd ft xd ht tm t xd t.
Td Dt Th g mt t f v t t tt
gt th dt.
Td cdt & a Th g mt t f v t t tt
gt th Tt.
l Th g mt t f v t t tt
gt th Tt
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008
37annual reporT 2007.08
note17 ResponsiblepeRsonsDisclosuRes(d)
() ortr
cmm dg dt 2007/2008 th T at d T Vt, th f hh hv
ttv hdg t Tt th M & om p Tt.
Dg 2007/2008, th Tt vd T at $20,309,093 ($16,987,488 2006/2007) d t 30 J 2008,
T at d th Tt $144,692 ($61,769 t 30 J 2007). M Gffy pd hd t th M
& oym pk Tt d hd th t f chm f T at. T at th mt f th
at o vt, t h th Tt m d t f fm th Tt.
Dg 2007/2008, th Tt vd T Vt $117,572 ($144,744 2006/2007) d t 30 J 2008, T
Vt d th Tt $26,705 ($540 t 30 J 2007). M Dvd stt hd t th M & om
p Tt d hd th t f pdt f T Vt d d mm f T at. T
Vt t f th Tt m d h td v fm th Tt.
Th th v mt ttdg t t td t, t 30 J 2008.
note18 opeRatingleaseReceivables
a t tg dt, tg v td t 5 t gmt. otg v t 30
J 2008 (GsT v) :
nt 2008 2007
$000 $000
nt t th 1,348 1,506
lt th d t t th v 5,569 5,272
lt th v 16,702 18,311
Tt otg l rv 23,619 25,089
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38 Melbourne & olyMpic parks TrusT
CERTIFICATION
i d th t f th mm f th M d om p Tt d :
() th mg t f th Tt, mg tg ttmt, ht, h ttmt
d ttmt f hg t d jt th th t tht t f th t f
th Tt f th dd 30 J 2008 d th stt f aff f th Tt tht dt;
() th t hv d d th th F Mgmt at 1994, at atg
stdd d th mdt f tg mt; d
() t th dt f th ttmt t f mt hh d d t dd
th ttmt t mdg t.
Rc
Mm f r bd
chm
M d om p Tt
brmrr
at of
Tt st & chf extv of
M d om p Tt
Dmr
chf F of
M d om p Tt
M 27 agt 2008
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39annual reporT 2007.08
INDEPENDENT AUDITORS REPORT
Melbourne anD olyMpic parks TrusT
To THe MeMbers oF THe parliaMenT oF VicToriaanD TrusTees oF THe TrusT
tfRrTh myg t f th y dd 30 J 2008 f th M d oym pk Tt hh m mttmt, ht, h ttmt, ttmt f hg qty, mmy f gt tg d th
xty t t d fmg t f th t, d th tt h dtd.
tRtrrfRrTh Tt f th M d oym pk Tt f th t d th f tt f th t d th at atg stdd (dg th at atg ittt) d th tg qmt f th F Mgmt at 1994. Th ty d:
thg d mtg t t vt t th t d f tt f th t tht ffm mt mttmt, hth d t fd
tg d yg t tg
mkg tg tmt tht th mt.
adrRa qd y th adt at 1994, my ty t x th t d th dt, hh h dtd d th at adtg stdd. Th stdd q m th vt th qmttg t dt ggmt d tht th dt d d fmd t t hth th t f fm mt mttmt.
a dt vv fmg d t t dt vd t th mt d d th t. Th dtd td dd jdgmt, dg th mt f th k f mt mttmt f th t,hth d t fd . i mkg th k mt, dt gv t t t vt t th Tt
t d f tt f th t d t dg dt d tht t th mt,t t f th f xg th fftv f th Tt t t. a dt d vtgth t f th tg d, d th f tg tmt md y th Tt, vtg th v tt f th t.
i v tht th dt vd td ft d t t vd f my dt .
mrrerpraddfRrTh adt t t t th ttmt hd th th t d th t f M d oympk Tt f th y dd 30 J 2008. Th Tt f M d oym pk Tt f th tgty f th t. i hv t ggd t t th tgty f th t. Th dt t f y t ttmt md v. a t vdd y th fmt hh my hv hykd t fm th ttmt. if f th t dth th ht k g fm t dt mmt, thy dvd t f t th hd y f th dtd t
t m th fmt dd th dtd t td th M d oym pk Tt t.
iddTh adt-G dd thd y th cttt at 1975. Th adt-G t jt t dt y y t th y hh h d t t xd. Th adt-G, h tff d dgt my
th dd qmt f th at tg f.
adroi my , th t t fy, mt t, th t f th M d oym pkTt t 30 J 2008 d t fm d h f th y th dd d th atatg stdd (dg th at atg ittt), d th tg qmt f th F
Mgmt at 1994.
Melbourne D.D.r. p
29 agt 2008 adt-G
lv 24, 35 c stt, M V. 3000
Th: 61 3 8601 7000 Fm: 61 3 8601 7010
em: [email protected]. wt: .dt.v.gv.
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40 Melbourne & olyMpic parks TrusT
ADMINISTRATIVE REPORTING REQUIREMENTS
FreeDoM oF inForMaTionFdm f ifmt (Foi) gmt fd th Tt d th d thd d thFdm f ifmt at 1982.
Th Tt vd Fdm f ifmt t dg 2007/08.
coMpeTiTiVe neuTraliTy policy coMplianceTh Tt mmttd t th mmtt f mt f th mttv tt d td tht t
tvt m th th Vt Gvmt cmttv ntt p.
sTaTeMenT oF coMpliance wiTH THe builDinG acT 1993.Th Tt m th th vt gd, t t st 220 f th budg at 1993.
iMpleMenTaTion oF THe VicTorian inDusTry parTicipaTion policyi ot 2003, th Vt pmt d th Vt idt ptt p at 2003 hh d
d d dtmt t t th mmtt f th Vt idt ptt p (Vipp). Th Tt
d t th Vipp td v $3 m mtt M d $1 m g Vt. Th
Tt dd t mm mt tt dg 2007/08 t hh th Vipp .
Financial anD oTHer inForMaTion reTaineD by THe accounTable oFFicerrvt fmt dtd F rtg Dt (FrD) 22b stdd D th rt f ot
d th F Mgmt at 1994 st 3 td th Tt at of d v t.
wHisTleblowers proTecTion acT 2001Th t f th t t fmt tht d t hd d th wht ptt
at 2001 st 104.
Th Tt h thd tt d f hdg d md d th wht ptt at 2001
d th th gd d th omdm Vt. a f f th d v M &
om p t htt://.mt.m..
Th d d dtd fmt t;
d t f th D of d th D cdt;
dtty v;
d f th dt f vtgt;
t t tk ft vtgt;
mgg th f f th ht;
mgmt f th gt hm d h md.
) Th t d thd y M d oym pk Tt d pt 6 f th at fd .mt.m.;
) Th Tt h vd d dg th y.
) Th Tt h t fd y d t th omdm f dtmt t hth thy tt
d dg th y;
d) Th omdm h t fd y dd mtt t th Tt dg th y;
) Th Tt h t fd y dd mtt t th omdm t vtgt dg th y;
f) Th omdm h t tk v y vtgt f dd mtt fm th Tt dg th y;
g) Th Tt h md qt d t 74 f th at t th omdm t vtgt dd mtt dg th y;
h) Th Tt h t dd t vtgt dd mtt dg th y;
) Th hv dd mtt tht tttd vtgt. Th h t qd t
dtk g fm vtgt, th hv vtgt; dj) Th omdm h t md mmdt d th at tht t t th Tt.
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41annual reporT 2007.08
ADMINISTRATIVE REPORTING REQUIREMENTS (CONTINUED)
occupaTional HealTH anD saFeTy (oH&s)ov th t tv mth th h gd g md g th Tt fm th fot Hth d sft. Th tt th th oH&s jtv d t mgmt d tff
fft t vd f vmt. a f f th Tt oH&s v M & om p
t htt://.mt.m..
consulTanTsedr$100,000rr
Th jt hh td xdt f gt th $100,000 f 2007-2008
edr$100,000
nm: 14(75 2006/07)
Tt amt: $250,791
($613,710 2006/07)
risk aTTesTaTion sTaTeMenTi, ch f th Tt, tf tht M & om p Tt h dgd mgmt fm tht
tt th th at/n Zd r Mgmt stdd.
Th Tt t vf t th tm tht hv tht h t vd th th t 12 mth.
w hv dvd tgd t f : t f t d t f ttg . Th
vtd d td g th dd mgmt fm t t ttg dt th xt t.
w hv td ddt mt f k fmk dg d 2009 mmtt f k mgmt.
Th fg tvt fmd dg 2009 t fth md th k mgmt fmk d t t
ytm tht th extv d b ut Mg t dtd, mg d tfty t k x:
1. edt extv, rk o, b ut Mg, d y th my h hv t f
mgg k x.
2. F t k thgh ttd k mt d mmt ttmt t dg
y/d dt.
3. lk xtg t dt gm t tm fm th k mt.
4. Dv mgmt t f mt gm t tty t th t v f g d
mgg th t vmt.
5. Dv d f 2009 k tttt.
r c
chm
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42 Melbourne & olyMpic parks TrusT
DISCLOSURE INDEx
Th a rt f M & oym pk Tt d d th Vt lgt. Th dx h
d t ftt dtt f m th ttty d qmt.
MinisTerial DirecTions
chrterndpure
FrD 22b M f thmt d th vt Mt 4FrD 22b ojtv, ft, d dt 4FrD 22b nt d g f v vdd 4
mngeentndtruture
FrD 22b ogt stt 5
finnindtherinrtin
FrD 10 D dx 42FrD 15b extv f d 36FrD 22b at d t f Freedom of informton act 1982 40FrD 22b at d t f th whstleloers protecton act 2001 40FrD 22b cm th dg d mt v f buldng act 1993 40FrD 22b Dt f t v $100,000 41FrD 22b Dt f t d $100,000 41FrD 22b Mj hg ft fftg fm 14FrD 22b ot Hth d sfty 41sD 4.5.5 rk atttt sttmt 41FrD 22b sttmt f vty f th fmt 40FrD 22b sttmt cmttv ntty py 40FrD 22b smmy f t f th y 14
FrD 22b smmy f mj tvt 9FrD 22b sqt vt n/aFrD 25 Vt idty ptt py d 40
finnistteentrequiredunderprt7thefma
sD 4.2 () b sht 17sD 4.2 () ch sttmt 18sD 4.2 () otg sttmt 16sD 4.2 () sttmt f chg eqty 19sD 4.2 () at f dt 38sD 4.2 () cm th at tg tdd d th
thttv mt 20sD 4.2 () cm th Mt Dt 38
sD 4.2 (d) rdg f mt 21sD 4.2 (f) Md F rt 20
otherdiureinntetthennitteent
FrD 9a Dtmt d f dmtd t d t n/aFrD 11 D f x-gt ymt n/aFrD 13 D f mty t n/aFrD 21a r d xtv f d 36,37
legitin
Freedom of informton act 1982
buldng act 1983
Fnncl Mngement act 1994
audt act 1994whstleloers protecton act 2001
Vctorn industry prtcton polcy act 2003
8/6/2019 AnnualReport_2007-08[1] MOPT
43/44
8/6/2019 AnnualReport_2007-08[1] MOPT
44/44