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Annual Report 201415 2 The Australian Sports Commission is the Australian Government agency that develops supports and invests in sport at all levels. It was established in 1985 and operates under the Australian Sports Commission Act 1989. The Commissions national leadership role is achieved through three operational divisions the Australian Institute of Sport Participation and Sustainable Sports and Corporate Operations. The Australian Sports Commission forms part of the Health portfolio. This report This report has been prepared in accordance with parliamentary reporting and legislative requirements and provides details of the Australian Sports Commissions ASC performance and operations for the financial year ending 30 June 2015. This report details how effective the ASC has been at achieving its outcomes for the year as outlined in the 201415 Portfolio Budget Statements. Ownership of intellectual property rights in this publication Unless otherwise noted copyright and any other intellectual property rights if any in this publication is owned by the Australian Sports Commission. Creative Commons licence With the exception of the Commonwealth Coat of Arms and photographic images this publication is licensed under a Creative Commons Attribution 3.0 Australia Licence. Creative Commons Attribution 3.0 Australia Licence is a standard form license agreement that allows you to copy distribute transmit and adapt this publication provided that you attribute the work. A summary of the licence terms is available from httpcreativecommons.orglicensesby3.0audeed.en. The full licence terms are available from httpcreativecommons.orglicensesby3.0aulegalcode. The Australian Sports Commissions preference is that you attribute this publication and any material sourced from it using the following wording Source Licensed from the Australian Sports Commission under a Creative Commons Attribution 3.0 Australia Licence. Produced by Australian Sports Commission Content and Online Engagement team. For general enquiries Tel 02 6214 1111 Fax 02 6214 1836 Email ascausport.gov.au Website ausport.gov.au 3 O v e r v i e w a n d h i g h l i g h t s 3 The Hon Sussan Ley MP Minister for Health Minister for Sport Parliament House CANBERRA ACT 2600 Dear Minister On behalf of the Board of the Australian Sports Commission I am pleased to submit our 31st Annual Report for the financial year ended 30 June 2015. The report has been prepared to meet Government legislative requirements including section 48 of the Australian Sports Commission Act 1989. The Australian Sports Commission is established in accordance with the Australian Sports Commission Act 1989. The Commissioners of the Board are responsible under section 46 of the Public Governance Performance and Accountability Act 2013 for the preparation and content of the annual report including both financial and performance reporting. This report provides a comprehensive review of the Australian Sports Commissions performance in relation to the accountability framework agreed with the Australian Government and highlights the success of its programmes. It has been approved for presentation to you in accordance with a resolution of the Australian Sports Commission Board. I hereby submit this report to you as a true and accurate record of our compliance and achievements. Yours sincerely John Wylie AM Chair Australian Sports Commission date The Hon Sussan Ley MP Minister for Health Minister for Sport Parliament House CANBERRA ACT 2600 Dear Minister On behalf of the Board of the Australian Sports Commission I am pleased to submit our 31st Annual Report for the financial year ended 30 June 2015. The report has been prepared to meet Government legislative requirements including section 48 of the Australian Sports Commission Act 1989. The Australian Sports Commission is established in accordance with the Australian Sports Commission Act 1989. The Commissioners of the Board are responsible under section 46 of the Public Governance Performance and Accountability Act 2013 for the preparation and content of the annual report including both financial and performance reporting. This report provides a comprehensive review of the Australian Sports Commissions performance in relation to the accountability framework agreed with the Australian Government and highlights the success of its programmes. It has been approved for presentation to you in accordance with a resolution of the Australian Sports Commission Board. I hereby submit this report to you as a true and accurate record of our compliance and achievements. Yours sincerely John Wylie AM Chair Australian Sports Commission date The Hon Sussan Ley MP Minister for Health Minister for Sport Parliament House CANBERRA ACT 2600 Dear Minister On behalf of the Board of the Australian Sports Commission I am pleased to submit our 31st Annual Report for the financial year ended 30 June 2015. The report has been prepared to meet Government legislative requirements including section 48 of the Australian Sports Commission Act 1989. The Australian Sports Commission is established in accordance with the Australian Sports Commission Act 1989. The Commissioners of the Board are responsible under section 46 of the Public Governance Performance and Accountability Act 2013 for the preparation and content of the annual report including both financial and performance reporting. This report provides a comprehensive review of the Australian Sports Commissions performance in relation to the accountability framework agreed with the Australian Government and highlights the success of its programmes. It has been approved for presentation to you in accordance with a resolution of the Australian Sports Commission Board. I hereby submit this report to you as a true and accurate record of our compliance and achievements. Yours sincerely John Wylie AM Chair Australian Sports Commission 9 October 2015 4 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 OVERVIEW Australian Sports Commission a snapshot Who we are The Australian Sports Commission ASC is the Australian Government agency that develops supports and invests in sport at all levels. The ASCs national leadership role is achieved through three operational areas the Australian Institute of Sport AIS Participation and Sustainable Sports and Corporate and Facilities Operations. The ASC is part of the Australian Governments Health portfolio. Our history The ASC was established on 13September 1984 when the thenPrime Minister the HonourableBob Hawke and Minister for Sport the Honourable John Brown formally announcedthe membership of the Commission and its terms of reference. They also announcedthe Australian Governments intention to provide a statutory basis for the Commission and legislation was introduced into Parliament on 3 May 1985 and proclaimed on1 July 1985. The Australian Sports Commission was formally established as a CommonwealthStatutory Authority by the Australian Sports Commission Act 1985. In August 1987 the Australian Government announced its decision to rationalise federal assistance to Australian sport. As a result the AIS first establishedas a public company under the Australian Capital Territorys Companies Ordinance in 1981 was to amalgamate with the ASC. The Commission subsequently became the principal Australian Government agency responsible for sport in accordance with the revised Australian Sports Commission Act 1989. What we do The ASC works to make Australian sport stronger to get more people playing sport and to helpAustralian athletes pursue their dreams on the world stage. 5 How we operate The ASC works directly with sporting organisations peak bodies state and territory departments institutes and academies of sport and the business sector. The ASC works to inform support and create alignment through the Australian sport sector to drive the collective goal of participation growth. The AIS a division of the ASC is Australias strategic high performance sport agency responsible for leading the delivery of Australias international sporting success. Two broad strategic documents provide the framework for our operations. Play.Sport.Australia. outlines how the ASC will focus its efforts to contribute to participation objectives. Australias Winning Edge 2012-2022 is the national strategy which provides the blueprint for Australias high performance success. As individuals and as an organisation we are committed to operating within the ASCs values Respect and Integrity valuing Teamwork and contributing to a high-functioning team to deliver Excellence in whatever we do. Our environment Australians love sport. It is a defining characteristic of our national culture one that is recognised around the world. Australias diverse population discovers a shared identity in sport.We build confidence and teamwork in our children. We come together to play at local ovals fields courts parks and beaches. We flock to great stadiums around the country to watch the contest. We celebrate and exude national pride when our athletes represent us on the international stage. But Australias sporting context is changing. On the participation front research into the sports market tells us Australians are increasingly time poor have limited budgets and are being inundated by new forms of entertainment. With these changes new preferences are emerging Australians want greater flexibility more tailored products and sports that suit their lifestyle. On the international stage competition is constantly intensifying and improving. Many other nations have now replicated our innovations and tapped into our expertise and as a result have become stronger competitors in international sport. 66 ASC staff and program locations TOTAL 513.1 ITALY VARESE 5.0 CAIRNS 1.0 DARWIN 6.0 ALICE SPRINGS 1.0 BROOME 1.0 PERTH 8.5 ADELAIDE 14.0 HOBART 3.0 ALBURY 2.0 BRISBANE 13.8 GOLD COAST 12.0 MELBOURNE 15.5 HOMEBUSH 2.0 SYDNEY 8.0 CANBERRA 420.3 PORT MACQUARIE 2.0 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 OVERVIEW 77 Total visitations to AIS Bruce NSOS ON SITE YARRALUMLA1 PIZZEY PARK3 BRUCE10 ASC staff locations ASC5 buildings and venues BRUCE35 ETC1 PIZZEY PARK1 YARRALUMLA1 available beds ETC50 BRUCE650 AIS Bruce tour participants 66 HECTARES Site size BRUCE ETC PIZZEY PARK SPORTING SCHOOLS11 8 9 c o n t e n t s Overview and highlights The opening section of this annual report sets the scene with a review of the financial year from the perspective of the Chair including his letter of transmittal and the Chief Executive Officer CEO. This section also provides a snapshotof significant achievements across the sport sector and key highlights that will be detailed in the performance reports to follow. Chapter 1 Our performance The ASC is accountable to the Minister for Sport and to Parliament for two outcomes in the Australian Governments Portfolio Budget Statements PBS. This section provides a report on performance against each of these outcomes. Part 1 Reports on performance against Outcome 1 of the PBS to improve participation in structured physical activity particularly organised sport at the community level includingthrough leadership and targeted community-based sports activity. Part 2 Reports on performance against Outcome 2 of the PBS providing excellence in sports performance and continued international sporting success by talented athletes and coaches including through leadership in high performance athlete development and targeted science andresearch. Chapter 2 Our organisation The ASCs organisational structure human resource management employment conditions and initiatives work health and safety reporting site services and operating locations. Chapter 3 Accountability The ASCs objectives and functions and its mandatory reporting including planning and accountability disclosure and legal compliance risk management corporate governance and Board activity. Chapter 4 Financial performance An overview of the ASCs economic background and financial performance and then leads into the audited financial statements for 201415. Chapter 5 Australian Sports Foundation The activities governance and financial statements of the Australian Sports Foundation. Appendixes andreferences Additional information including funding to sports contact officers a summary of compliance shortened forms and the index. 03 36 50 62 84 142 186 John Wylie am CHAIR AUSTRALIAN SPORTS COMMISSION AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAIRS MESSAGE Sport is one of Australias great strengths. It is a ubiquitous feature of Australian communities and its strength and benefits should not be taken for granted or underestimated. Other countries are trying to emulate what Australia has an impressive spread of local sporting infrastructure a culture of volunteerism a relatively strong participation base sustained excellence in achievement at the highest international levels good attendances at high quality events and a disproportionate influence in international sport. This love of and success in sport is what defines us as a country. Its our DNA. The ASC therefore has a very important role to play as the countrys peak sports agency. We have three core goals to get more Australians playing sport to help athletes achieve international sporting success and to support national sporting organisations in growing their capability and capacity to deliver successful programs. This year we released our new policy platform to increase community sport participation called Play.Sport.Australia. This paints a compelling picture of how sport has changed in the last decade and plots the opportunities the Australian sports sector must embrace in the years ahead to increase participation particularly in organised sport. It also has introduced a simpler more consistent and more transparent approach to participation funding and will be implemented from 2015-16. We were very pleased with the Australian Governments support to activate Play.Sport.Australia. which allowed the ASC to provide more than 45 sports with funding to support participation and capability projects. We were also pleased to launch the pilot of our new Sporting Schools programme which has attracted more than 4000 schools and is progressing very satisfactorily. 10 11 Australians put on a commendable showing in August 2014 at the Glasgow Commonwealth Games where we won 137 medals including 49 gold. Our female athletes continued to shinewinning more medals than the men and also winning more gold than any other nation. The achievements and efforts of our team were in many respects inspirational and did our nation proud. Our AIS continued its focus on helping elite sports and athletes to improve and achieve their goals. Since introducing Australias Winning Edge in 2012 the ASCand the AIS have made many profound changes in our support for elite sport by setting bold targets for achievement linking our investment to goals giving responsibility back to sports to run their own high performance programmes asking for greater accountability from them in return renewing the AIS reducing our operating costs substantially and reinvesting the savings in athletes coaches and high performance staff. This has required many hard decisions in relation to the ASCs own cost base but those decision have for example allowed us to maintain overall high performance funding grants and to increase financial support to athletes through our dAIS programme by 43 per cent to 12 million since launching Winning Edge. Outlook The successful rollout of the Sporting Schools programme will be a major focus for the ASC in the coming year as we look to ensure that more children actively take part in physical activity. To complement our Play.Sport.Australia. participation strategy AusPlay we will undertake the first-ever comprehensive national participation survey to better understand sport participation trends in Australia to inform policy decisions and guide sports strategy with a strong evidence base which has been lacking in the past. The Rio 2016 Olympics are now less than 12 months away. We believe the ASCsand AIS ambitious 10-year agenda for Australian high performance sport through WinningEdge is starting to produce dividends and we expect to see some evidence of that in Rio as a mid-term report card. Our swimmers are in a better place than they were in the lead-up to London our cycling and sailing teams continue to shine and many other sports are on the up. We think achieving a top five finish in Rio will require around 17-19 gold medals. The AIS currentprediction is around 9-12 Australian gold medals and about 40 medals in total. Wewill be extremely disappointed if we dont improve on our 10th finish in London given the way our athletes are currently performing but this is very much an art not a science and a lot of unpredictable and new factors will come into play in Rio. Once again we expect our female athletes to shine in Rio they have a very good chance of winning more gold medals than the men. With the 2016 Rio Olympics and Paralympics on the horizon the ASC will work closely with itspartners to ensure that our athletes are well placed and supported to enable them to achievetheir best. 12 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAIR MESSAGE Acknowledgments I would like to thank the Minister for Health and Sport the Honourable Sussan Ley MP for embracing the sporting sector since taking on the portfolio in December. I also extend my thanks to her predecessor the Honourable Peter Dutton MP for his support during the year. While the ASC is Australias national sport agency we recognise that in order for Australian sport to truly thrive we must work in close collaboration with our partners. To this end Id like to thank and acknowledge the many people who have contributed to our sector and helped the ASC with its goals the Presidents of the Australian Olympic Committee the Australian Paralympic Committee and the Australian Commonwealth Games Association the state institutes and academies of sport SISSAS state departments of sport and recreation our colleagues in national sporting organisations NSOs sponsors and business partners. On behalf of the Board I extend my thanks to the ASCs executive management team and in particular CEO Simon Hollingsworth for his considered and strong leadership. Importantly I wish to also acknowledge and thank the talented staff at the ASC. Their dedication to pursuing excellence and their strength of purpose is a critical factor in our ongoing success. Finally I have always said that it is an honour to serve as the Chair of the ASC Board. With the support of a dedicated dynamic and passionate Board we are working hard to strengthen the Australian sport system for generations to come. During the year the Board farewelled a number of Commissioners Liz Ellis AM Sally Carbon OAM David Gallop Ken Ryan AM Andrew Fraser and Margy Osmond all of whom have made a substantial contribution to sport and continue to do so. We also welcomed a number of new Commissioners whom I am confident will make an excellent contribution. I thank all Commissioners past and present for their service and look forward to working with them in the year ahead. John Wylie AM Chair 13 Simon Hollingsworth CEO AUSTRALIAN SPORTS COMMISSION For the ASC 201415 was about further enhancing Australians passion for playing sport and celebrating our national sporting heroes. Sport is good for Australians with many benefits from health and wellbeing to educational performance and economic impact. Participating in sport as a player or volunteering on the sidelines or coming together to watch our nations best helps build our sense of community. With Winning Edge into its third year and the 2016 Rio Olympic and Paralympic Games just around the corner the launch of the ASCs participation game plan Play.Sport.Australia. in March rounded out the Commissions strategy to deliver positive sportingoutcomes from the grassroots up to the elite level. This year the ASC welcomed Mr Michael Thomson as General Manager in our Participation and Sustainable Sports Division. His diverse experience is proving to be a valuable asset in helping sporting organisations deliver better commercial results and programmes for participants. In December the ASC wound up the Active After-school Communities AASC programme following a decision by the Australian Government to expand further the sporting opportunities for children at local schools. During its time the nation-wide programme engaged 2 million students in more than 6000 schools and Out of School Hours Care Services OSHCS over a 10-year period. January 2015 saw the start of the Australian Governments 100 million Sporting Schools initiative. Sporting Schools has been designed to enable schools to deliver sport before during and after school hours to get children active engaged and having fun. The Sports Tally 2015 report shows that we are making good progress toward improving our overall position from the 2012 London Olympic Games. Should this happen in Rio it will be the first time since the 2000 Olympics an Australian team has improved its position from the previous games. As of June 2015 Australia had 27 able-bodied and 26 Paralympic world champions across a wide range of Australias Winning Edge sports. AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CEO MESSAGE Meanwhile a major focus for the Commission throughout the past year has been helping our NSOs improve their governance. In June the ASC updated its Mandatory Sports Governance Principles which underpin the governance regulations for Australian sports and sports are assessed against these each year. All sports receiving more than 1.5 million from the government are now subject to these mandatory principles. The year in review highlights The release of Play.Sport.Australia. The ASC launched Play.Sport.Australia. in March 2015 a bold strategy designed to have more Australians playing organised sport more often. Part of this strategy was developing a new participation investment model for NSOs providing a simpler more consistent and transparent approach to participation funding based on data from the Australian Bureau of Statistics and the ASCs Annual Sports Performance Review. Governance reforms In the past year the ASC has worked closely with Athletics Australia to enact some of the keystructural changes recommended in the Independent Review of Athletics in Australia. TheASC also provided additional financial assistance to the Australian Paralympic Committee and Cycling Australia to assist the respective boards set about repairing structural and financial issues. Sporting Schools Within six months the ASC successfully gained the support of more than 30 NSOs for Sporting Schools executed 10 successful pilot programmes and registered more than 3600primary schools 1200 coaches and more than 400 coaching providers for this nationalsport-based programme. Volunteers study As part of its commitment to evidence-based decision making the ASC published the Market Segmentation Study for Volunteers in August. The study identifies segments in the community with the greatest potential for recruitment of sport volunteers and strategies toretain volunteers. AIS Centre for Performance Coaching and Leadership As this programme enters its third year it is on track to exceed its target of having at least 90 coaches and performance leaders graduate from specialist training. The three flagship programmes have seen 38 participants graduate and a further 74 are enrolled drawn from 31different sports. Personal ExcellencemyAISplaybook The ASC launched the Personal Excellence initiative in October 2014 to provide athletes with guidance and educational opportunities to help them become more professional accountable and resilient in their approach towards sport and life. A major component is the myAISplaybook an online athlete-only virtual community where athletes on their sporting journey communicate and learn from each other across all sports. 14 Direct athlete funding dAIS The ASC also launched a comprehensive new system of direct financial support for Australiasworld class and emerging athletes. The 12 million grants programme represents a 3.6 million increase or 40 per cent in funding direct to athletes since the launch of Australias Winning Edge in 2012. AIS Sports Draft Athletes recruited in 2014 for combat sports womens rugby 7s kayak and canoe and track cycling came together for a camp at the AIS in April 2015. The 22 athletes and 12 coaches spenttwo days attending information sessions and sharing experiences of transitioning from one sport to another with the aim of competing at the Olympic level. Together with the Australian Paralympic Committee the AIS also launched the inaugural Para-sport draft focussed on the sports of athletics cycling swimming canoeing rowing triathlon table tennis boccia para-alpine and para-snowboarding. Applications for the 2015 sports draft and para-sports draftopened in June. Australians star in the NBA finals Australian basketball deservedly received world-wide attention with Andrew Bogut and Matthew Dellavedova battling it out during the 2015 NBA finals. Both Bogut and Dellavedova were products of the AIS basketball programme in Canberra now known as the Basketball Australia Centre of Excellence. All seven Australians currently in the NBA competition took part in theprogramme. Matildas fly high at Womens World Cup Australias Matildas football team captured the nations attention at the FIFA Womens World Cup in Canada reaching the quarter-finals where they lost to Japan 1-0. Their road to becoming the first Australian team to win a football world cup knockout game began at the AIS. The specially installed FIFA-accredited synthetic pitch helped the team prepare for the tough competition. National Officiating Scholarship programme A record number of female officials took part in the prestigious 2015 National Officiating Scholarship programme. For the first time in the programmes 13-year history rugby league rugby union and cricket all nominated female referees and umpires. There were eight female officials among the group of 22 successful applicants. World Class to World Best This three-day conference in November 2014 attracted 300 delegates from high performance sporting organisations and related fields to share knowledge and experience in high performance sport in Australia and discuss the campaign to the Olympic and Paralympic Gamesin Rio. 15 16 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CEO MESSAGE Outlook Participation will continue to be a major focus for the ASC throughout 201516. With Sporting Schools officially commencing in July 2015 Australias primary school communities will deliver more sport to more children. By bringing local sporting communities NSOs and schools together Sporting Schools aims to nurture childrens love of sport and develop their lifelong commitment to sport. The Our Sporting Future conference on the Gold Coast in October 2015 will provide participantswith the opportunity to learn and contribute to discussions on the future of Australias sporting industry. The Australian Government will invest more than 134 million directly into NSOs over the next financial year with money allocated for high performance and participation outcomes. Work also continues towards a new national participation survey AusPlay to better understand participation trends in Australia inform policy decisions and guide sports strategy with strong evidence. Information will be widely available to the sector to enable informed decision-making and investment. Acknowledgments I would like to thank the Honourable Sussan Ley MP Minister for Sport and her predecessor the Honourable Peter Dutton MP for their support of Australian sport its athletes and the ASC. I thank the ASC Board for its leadership and guidance. I also extend my appreciation to all of the dedicated people working across the ASC. Their commitment to sport is much-admired and I thank them for their hard work contribution and professionalism throughout the year. I would also like to thank the schools sporting bodies and people across the country working hard to make Sporting Schools a success. The swell of early support for this exciting programme would not have been achieved if not for your enthusiasm and dedication. And lastly thanks to our nations athletes and supporters from grassroots to elite levels. Your commitment and drive inspires entertains and challenges us making Australias sporting culture something to be proud of. Simon Hollingsworth Chief Executive Officer 17 Key achievements Organisational Women in Sports Leadership Grants distributed in 201415 423875 total grants 29 Individual Women in Sports Leadership Grants 50 3864 GOVERNANCE PROJECTS UNDERTAKEN IN 201415 PARTICIPANTS GRADUATED FROM THE CENTRE FOR HIGH PERFORMANCE AND LEADERSHIP 3827 SCHOOLS HAVE SIGNED UP FOR athletes registered for Sports Draft course enrolments on the ASC learning portal athletes registered for myAISplaybook 1811 102236 363 103087484 NSO FUNDING FOR HIGH PERFORMANCE 25057500 NSO FUNDING FOR PARTICIPATION distributed through competitive innovation funding 1.6 million funded through AIS 817 athletes 18 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS Sport achievements 2014 Glasgow Commonwealth Games In July 2014 Australia sent 417 athletes one of its biggest teams to Glasgow for the Commonwealth Games. In one of the toughest games ever Australia won 137 medals 49 of which were gold. 19 Table 1 Commonwealth Games Gold medallists Glasgow 2014 Sport Event Athletes Athletics Womens pole vault Alana Boyd Athletics Womens 1500m T54 Angela Ballard Athletics Womens discus throw Dani Samuels Athletics Womens high jump Eleanor Patterson Athletics Womens long jump F3738 Jodi Elkington Athletics Womens javelin throw Kim Mickle Athletics Mens marathon Michael Shelley Athletics Womens 100m hurdles Sally Pearson Boxing Mens flyweight Andrew Moloney Boxing Womens lightweight Shelley Watts Cycling Womens 500m time trial Anna Meares Cycling Womens scratch race Annette Edmondson Cycling Mens individual pursuit Jack Bobridge Cycling Mens team pursuit Jack Bobridge Luke Davison Alex Edmondson Glenn OShea Cycling Mens keirin Matthew Glaetzer Cycling Mens time trial Scott Sunderland Cycling Womens sprint Stephanie Morton Diving Mens 10m synchronized platform Domonic Bedggood Matthew Mitcham Diving Womens 3m springboard Esther Qin Hockey Mens tournament Australian mens national field hockey team Daniel Beale Kiel Brown Andrew Charter Chris Ciriello Matthew Gohdes Kieran Govers Fergus Kavanagh Mark Knowles Trent Mitton Eddie Ockenden Simon Orchard Andrew Philpott Matthew Swann Jake Whetton Tristan White Aran Zalewski 20 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS Sport Event Athletes Hockey Womens tournament Australian womens national field hockey team Madonna Blyth Edwina Bone Jane Claxton Casey Eastham Anna Flanagan Kate Jenner Jodie Kenny Rachael Lynch Karri McMahon Georgia Nanscawen Ashleigh Nelson Georgie Parker Brooke Peris Emily Smith Jayde Taylor Kellie White Netball Womens tournament Australian national netball team Caitlin Bassett Tegan Caldwell Bianca Chatfield Julie Corletto Laura Geitz Kimberlee Green Renae Hallinan Sharni Layton Natalie Medhurst Kimberley Ravaillion Madison Robinson Caitlin Thwaites Shooting Mens trap Adam Vella Shooting Mens 10m air pistol Daniel Repacholi Shooting Mens 25m rapid fire pistol David Chapman Shooting Womens trap Laetisha Scanlan Shooting Womens skeet Laura Coles Shooting Mens 50m rifle prone Warren Potent Squash Mens doubles David Palmer Cameron Pilley Squash Mixed doubles Rachael Grinham David Palmer 21 Sport Event Athletes Swimming Womens 200m backstroke Belinda Hocking Swimming Mens 50m backstroke Ben Treffers Swimming Womens 4x200m freestyle relay Bronte Barratt Alicia Coutts Brittany Elmslie Remy Fairweather Emma McKeon Madeline Groves Swimming Womens 4x100m medley relay Bronte Campbell Cate Campbell Alicia Coutts Belinda Hocking Sally Hunter Emma McKeon Emily Seebohm Lorna Tonks Swimming Womens 4100m freestyle relay Bronte Campbell Cate Campbell Alicia Coutts Brittany Elmslie Madeline Groves Emma McKeon Melanie Schlanger Swimming Womens 100m freestyle Cate Campbell Swimming Mens 200m freestyle S14 Daniel Fox Swimming Womens 100m backstroke Emily Seebohm Swimming Womens 200m freestyle Emma McKeon Swimming Mens 100m freestyle James Magnussen Swimming Womens 50m breaststroke Leiston Pickett Swimming Womens 100m freestyle S8 Maddison Elliott Swimming Mens 4100m freestyle relay Matthew Abood Tommaso DOrsogna Jayden Hadler James Magnussen Cameron McEvoy Neil McKendry Kenneth To Swimming Mens 200m backstroke Mitch Larkin Swimming Mens 200m individual medley Mitch Larkin Swimming Mens 100m freestyle S9 Rowan Crothers Swimming Womens 200m breaststroke Taylor McKeown Swimming Mens 200m freestyle Thomas Fraser-Holmes Swimming Mens 4200m freestyle relay Thomas Fraser-Holmes Mack Horton Cameron McEvoy Neil McKendry David McKeon 22 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS Table 2 Commonwealth Games Silver medallists Glasgow 2014 Sport Event Athletes Athletics Mens 1500m T54 Kurt Fearnley Boxing Mens super heavyweight Joseph Goodall Cycling Mens individual pursuit Alex Edmondson Cycling Womens scratch race Amy Cure Cycling Womens sprint Anna Meares Cycling Womens individual pursuit Annette Edmondson Cycling Mens scratch race Glenn OShea Cycling Mens tandem time trial B Kieran Modra Jason Niblett pilot Cycling Mens tandem sprint B Kieran Modra Jason Niblett pilot Cycling Mens road time trial Rohan Dennis Cycling Womens 500m time trial Stephanie Morton Diving Womens 1m springboard Maddison Keeney Diving Mens 1m springboard Matthew Mitcham Diving Mens 3m synchronized springboard Matthew Mitcham Grant Nel Gymnastics Womens artistic team all-around Georgia-Rose Brown Larissa Miller Lauren Mitchell Mary-Anne Monckton Olivia Vivian Gymnastics Womens uneven bars Larissa Miller Gymnastics Womens floor Lauren Mitchell Gymnastics Womens balance beam Mary-Anne Monckton Lawn bowls Womens triples Kelsey Cottrell Karen Murphy Lynsey Clarke Swimming Womens 200m individual medley Alicia Coutts Swimming Womens 100m freestyle Bronte Campbell Swimming Mens 200m freestyle Cameron McEvoy Swimming Mens 100m freestyle Cameron McEvoy Swimming Mens 50m freestyle Cameron McEvoy 23 Sport Event Athletes Swimming Womens 50m freestyle Cate Campbell Swimming Mens 400m freestyle David McKeon Swimming Womens 200m backstroke Emily Seebohm Swimming Mens 200m butterfly Grant Irvine Swimming Mens 200m individual medley SM8 Jesse Aungles Swimming Mens 200m backstroke Josh Beaver Swimming Mens 4x100m medley relay Josh Beaver Tommaso DOrsogna Jayden Hadler Mitch Larkin James Magnussen Cameron McEvoy Christian Sprenger Kenneth To Swimming Womens 200m individual medley SM10 Katherine Downie Swimming Womens 100m breaststroke Lorna Tonks Swimming Mens 1500m freestyle Mack Horton Swimming Womens 100m breaststroke SB9 Madeleine Scott Swimming Mens 100m freestyle S9 Matthew Cowdrey Swimming Mens 100m backstroke Mitch Larkin Swimming Mens 50m backstroke Mitch Larkin Swimming Womens 200m breaststroke Sally Hunter Swimming Mens 400m individual medley Thomas Fraser-Holmes Table tennis Womens doubles Jian Fang Lay Miao Miao Weightlifting Mens 94kg Simplice Ribouem 24 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS Table 3 Commonwealth Games Bronze medallists Glasgow 2014 Sport Event Athletes Athletics Mens javelin throw Hamish Peacock Athletics Womens marathon Jessica Trengove Athletics Womens javelin throw Kelsey-Lee Roberts Cycling Womens individual pursuit Amy Cure Cycling Womens tandem sprint B Brandie OConnor Breanna Hargreave pilot Cycling Womens tandem time trial B Brandie OConnor Breanna Hargreave pilot Cycling Mens cross-country Daniel McConnell Cycling Womens road time trial Katrin Garfoot Cycling Mens team sprint Matthew Glaetzer Nathan Hart Shane Perkins Cycling Mens tandem sprint B Paul Kennedy Thomas Clarke pilot Cycling Womens cross-country Rebecca Henderson Diving Womens synchronized 3m springboard Annabelle Smith Maddison Keeney Diving Womens 1m springboard Esther Qin Diving Mens 1m springboard Grant Nel Judo Womens 48kg Amy Meyer Judo Womens 48kg Chloe Rayner Judo Mens 100kg Jake Andrewartha Judo Mens 73kg Jake Benstead Lawn bowls Mens singles Aron Sherriff Lawn bowls Mens fours Matthew Flapper Nathan Rice Wayne Ruediger Brett Wilkie Lawn bowls Mixed para-sport pairs Tony Scott Bruce Jones Joy Forster Peter Scott Rugby sevens Mens tournament Australian national sevens rugby union team Cameron Clark Tom Cusack Pama Fou Con Foley Liam Gill Greg Jeloudev Tom Lucas Sean McMahon Sam Mayers James Stannard 25 Sport Event Athletes Shooting Mens 50m pistol Daniel Repacholi Shooting Womens 25m pistol Lalita Yauhleuskaya Squash Mixed doubles Kasey Brown Cameron Pilley Swimming Womens 100m backstroke Belinda Hocking Swimming Mens 200m individual medley SM8 Blake Cochrane Swimming Mens 100m freestyle S9 Brenden Hall Swimming Womens 50m butterfly Brittany Elmslie Swimming Womens 200m freestyle Bronte Barratt Swimming Womens 400m freestyle Bronte Barratt Swimming Womens 50m freestyle Bronte Campbell Swimming Mens 50m breaststroke Christian Sprenger Swimming Womens 100m butterfly Emma McKeon Swimming Womens 100m freestyle Emma McKeon Swimming Mens 50m freestyle James Magnussen Swimming Mens 100m backstroke Josh Beaver Swimming Womens 400m individual medley Keryn McMaster Swimming Womens 100m freestyle S8 Lakeisha Patterson Swimming Womens 200m butterfly Madeline Groves Swimming Mens 200m backstroke Matson Lawson Swimming Mens 100m freestyle Tommaso DOrsogna Table tennis Womens team Miao Miao Jian Fang Lay Sally Zhang Triathlon Mixed relay Ryan Bailie Emma Jackson Emma Moffatt Aaron Royle Weightlifting Mens 105kg Damon Kelly Weightlifting Mens 77kg Francois Etoundi 26 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS World Champions in benchmark events One of the measures of Australias performance on the international stage is the number ofworld champions Australia has across a range of benchmark events1 in any given year. Australias Winning Edge 2012-2022 provides a target of more than 20 world champions annually. For 201415 Australia exceeded the Australias Winning Edge target with 27 able-bodied athletes or teams and 26 Paralympic athletes or teams crowned as world champions in benchmark events conducted during the reporting period.2 Table 4 201415 World champions at benchmark events Sport Event Athletes Canoe World Championships Slalomwomens K1 Jess Fox Canoe World Championships Slalomwomens C1 Jess Fox Cricket Mens One-Day World Cup Michael Clarke George Bailey Pat Cummins Xavier Doherty James Faulkner Aaron Finch Brad Haddin Josh Hazlewood Mitchell Johnson Mitchell Marsh Glenn Maxwell Steve Smith Mitchell Starc David Warner Shane Watson Cricket Mens Ashes Michael Clarke George Bailey Doug Bollinger Alex Doolan James Faulkner Brad Haddin RyanHarris Mitchell Johnson Nathan Lyon Nathan Coulter-Nile Chris Rogers Peter Siddle Steve Smith David Warner Shane Watson Cricket Womens T20 World Cup Meg Lanning Alex Blackwell Nicole Bolton Jess Cameron Sarah Coyte Renee Farrell Holly Ferling Alyssa Healy Julie Hunter JessJonassen Delissa Kimmince Beth Mooney Erin Osbourne Ellyse Perry Elyse Villani Cycling World Track Cycling Championships Womens keirin Anna Meares 1 Benchmark events consist of the peak tournament or event world championships or equivalent for allOlympic and Paralympic disciplines non-Olympic disciplines in foundation sports and peak events for Australias Winning Edge sports. 2 Where an athlete is crowned world champion in multiple events or disciplines the athlete is only counted once for the purpose of the Australias Winning Edge target 27 Sport Event Athletes Cycling World Track Cycling Championships Womens omnium Annette Edmondson Cycling World Track Cycling Championships Womens team track pursuit Ashlee Ankudinoff Amy Cure Annette Edmondson Melissa Hoskins Cycling World Track Cycling Championships Womens individual pursuit Rebecca Wiasak Cycling BMX BMX World Championships Mensindividual Sam Willoughby Cycling BMX BMX World Championships Mens time trial Sam Willoughby Hockey Mens Hockey World Cup Mark Knowles Andrew Charter Chris Ciriello Tim Deavin Liam De Young Jamie Dwyer Matthew Gohdes Kieran Govers Jeremy Hayward Robert Hammond Fergus Kavanagh Tyler Lovell Eddie Ockenden Simon Orchard Matthew Swann Glenn Turner Jake Whetton Aran Zalewski Kayak World Championship 5000m Ken Wallace Netball Commonwealth Games3 Caitlin Bassett Julie Corletto Laura Geitz Kimberlee Green Renae Hallinan SharniLayton Natalie Medhurst Tegan Philip Kim Ravaillion Caitlin Thwaites Sailing Sailing World Championship Open 16 Gavin Colby Josie Mark Sailing Sailing World Championship A-class catamaran Glenn Ashby Sailing Sailing World Championship Womens hobie 16 Jessie Dobie Bella Zanesco Sailing Sailing World Championship 29er Kurt Hansen Harry Morton Sailing Sailing World Championship Mens470 Mathew Belcher William Ryan Shooting World Championship Mens 50m rifle Warren Potent 3 3 The Commonwealth Games is the peak event for the sport of netball during 2014-15 and therefore the gold medallists are recognised as the world champions 28 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS Sport Event Athletes Surfing World Tour Stephanie Gilmore Swimming World Short Course Championship Mens 100m backstroke Mitchell Larkin Swimming World Championships Womens 100m freestyle Cate Campbell Swimming World Championships Mens 100m Freestyle James Magnussen Swimming World Championships Mens 50m breaststroke Christian Sprenger Taekwondo World Championships Womens 57-62kg Carmen Marton Triathlon Womens Hawaiian Ironman Mirinda Carfrae Winter Freestyle Skiing World Championships Womens aerials skiing Laura Peel Winter Snowboard World Championships Mens snowboard halfpipe Scott James Table 5 201415 World champions at benchmark events Paralympic disciplines Sport Event Athletes Athletics World Championships Mens 100m T38 Evan OHanlon Athletics World Championships Mens 100m T42 Scott Reardon Athletics World Championships Mens 200m T38 Evan OHanlon Athletics World Championships Mens 400m T38 Evan OHanlon Basketball Wheelchair Basketball World Championships Men Joshua Allison Jannik Blair Adam Deans JustinEveson Michael Hartnett Tristan Knowles Bill Latham Brad Ness Shaun Norris Tom ONeill-Thorne Luke Pople Nick Taylor 29 Sport Event Athletes Canoe World Championships Mens V1 200m Curtis McGrath Cycling Para-cycling World Championships 4km individual pursuit Michael Gallagher Cycling Para-cycling World Championships 3km individual pursuit Sue Powell Rowing World Rowing Championships Arms shoulders mens single scull Erik Korrie Rowing World Rowing Championships Trunk and arms mixed double scull Gavin Bellis Kathryn Ross Rugby Wheelchair Rugby World Championships Men Ryley Batt Chris Bond Cameron Carr Jason Ellery Nazim Erdem Josh Hose Jason Lees Michael Ozanne Curtis Palmer Ryan Scott Jayden Warn Sailing IFDS Sailing World Championships Skud 18 Daniel Fitzgibbon Liesl Tesch Swimming IPC Swimming World Championships Mens 100m breaststroke SB7 Blake Cochrane Swimming IPC Swimming World Championships Mens 400m freestyle s9 Brendan Hall Swimming IPC Swimming World Championships Mens 200m freestyle s14 Daniel Fox Swimming IPC Swimming World Championships Womens 100m freestyle s8 Maddison Elliot Swimming IPC Swimming World Championships Womens 50m freestyle s8 Maddison Elliott Swimming IPC Swimming World Championships Mens 50m freestyle s9 Matt Cowdrey Swimming IPC Swimming World Championships Mens 100m backstroke s9 Matt Cowdrey Swimming IPC Swimming World Championships Mens 100m freestyle s9 Matt Cowdrey Swimming IPC Swimming World Championships Mens 200m individual medley SM9 Matt Cowdrey 30 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS Sport Event Athletes Swimming IPC Swimming World Championships Mens 200m individual medley SM7 Matt Levy Swimming IPC Swimming World Championships Mens 4 x 100m freestyle relay Rowan Crowthers Matt Cowdrey Brendan Hall Matt Levy Winter sport Alpine Skiing World Championships Womens alpine downhill visually impaired Melissa Perrine Winter sport Alpine Skiing World Championships Womens alpine super-G visually impaired Melissa Perrine Winter sport Alpine Skiing World Championships Womens alpine super combined visually impaired Melissa Perrine 31 AIS Sport Performance Awards In February 2015 the ASC held the inaugural AIS Sport Performance Awards to recognise the outstanding achievement of athletes teams and coaches in Australian high performance sport. Awards were presented across ten categories including two peoples choice awards which weredecided through a public vote. Table 6 AIS Sport Performance Awards full results Award Award winner Athlete of the year Jess Fox canoe Jess Fox created history in Deep Creek USA in September 2014 by becoming the first canoe slalom athlete to win the world championship in two classes the K1 and the C1. By winning the C1 event Jess defended her 2013 world title. Jess also won gold in both of these events at the under-23 World Championships in Penrith in April. Beyond the sporting arena Jess supported and encouraged emerging athletes across a range of sports as Young Ambassador for the 2014 Youth Olympic Games. Coach of the year Lisa Alexander netball Lisa has successfully created an elite team with high standards both on and off the court. She has set new standards for the way the Diamonds play physically technically and tactically. Lisa has also influenced and supported a quality daily training environment for players. She is passionate about coaching and engages in the development of other coaches. Lisa is a student of sport and often looks to the success of other teams and nations for ways to help the Diamonds. Lisa is active with the under-21 national team and provides mentoring support at club state and national level. Junior athlete of the year Amy Cure cycling Amy won her maiden world title when claiming gold in the 25km points race at the 2014 UCI World Track Cycling Championships. In doing so Amy became only the second Australian to ever win this event. She also won two world championship bronze medals in the individual and team pursuit events. In an outstanding year Amy then won multiple medals at the 2014 Commonwealth Games. Described as a great team leader and ambassador for Australian and Tasmanian cycling Amy is also an exceptional role model for other athletes. 32 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS Award Award winner Team of the year Australian Mens Hockey Team the Kookaburras The Kookaburras are the world number one ranked mens hockey team and are the current world cup title holders. At the 2014 Glasgow Commonwealth Games the team defeated India 4-0 to win their fifth consecutive Commonwealth Games gold medal. This result followed a comprehensive 6-1 win over the 2012 Olympic silver medallists Netherlands to defend their world cup title. Para performance of the year Australian Para Rugby Team the Steelers In 2014 the Australian Wheelchair Rugby Team won its first world championship defeating Canada. This performance bettered previous world championship campaigns where Australian won silver 2010 and bronze 2002. As the 2014 world champions Australia became only the second nation in history to hold both the Paralympic and world championships titles concurrently. Leadership award joint winners Kate Palmer netball As chief executive of Netball Australia Kate leads a team of 30 people supporting eight state and territory affiliated bodies and more than 300000 registered members nationally. Kate has led significant change at Netball Australia including the relocation of the organisations head office development of the ANZ Championship a new broadcasting partnership corporate sponsorship and Australia securing the rights to the 2015 World Netball Championship. Kate is also a trustee of the Melbourne Cricket Ground International Netball Federation Director and Chair of the Victorian Institute of Sport. She has played a key role in introducing innovative ideas to boost netballs appeal at all levels. Damien Marangon shooting Damien has made significant structural and cultural changes to the sport of shooting during his 18-month tenure as chief executive. This has included greater clarity around the sports high performance component and improving the sports messaging and branding. This came with considerable governance reform new financial reporting a change in investment strategy and organisational reform. These shifts have led to improvements in relationships with major stakeholders and created strategic alliances with member bodies. It led to a new high performance plan programme structure and the creation of the Aiming4Gold programme. These changes created the most successful Commonwealth Games and world championships the sport has had in many years. 33 Award Award winner Community club award Wynyard Yacht Club sailing Wynyard is a town in Tasmania with a population of 5000 and the nations highest unemployment rate. Wynyard Yacht Club had lost a third of its income and in 2014 decided to transform. It introduced the Discover Sailing programme to promote sailing as fun accessible and affordable while portraying clubs as welcoming and social. The club is now an accredited Discover Sailing Centre adopting the Yachting Australia programmes of Discover Sailing Tackers for 7-12 year olds and Sailability alongside team and individual racing. The club has strong connections to the community including the local council community groups and schools and assists in search and rescue operations. Volunteeradministrator of the year Bridie Galea basketball Bridie Galea has enjoyed a lifetime of involvement in basketball. She has become a market-leading sports administrator as Southern Peninsula Basketball Association Vic administration manager where she has played a major role implementing structures to improve the organisations day-to-day operations. Bridie is also the associations Big V administrator. Known for embracing new technology she consistently develops skills via professional development courses. Bridies efforts have also been acknowledged as Basketball Victoria and Basketball Australia administrator of the year. Sports performance of the year public vote South Sydney Rabbitohs rugby league In the 2014 NRL Grand Final the South Sydney Rabbitohs won their 21st premiership by defeating the Canterbury Bulldogs in a repeat of the 1967 final. The match began as a tense affair there was only one try in the first half before a sizzling final 10 minutes saw Kirisome Auvaa Adam Reynolds and Greg Inglis all score to push Souths over the line. The 306 victory was a long-overdue return to form for a team that remarkably hadnt won the premiership in 43 years. It took place in front of a record 83000 fans and 3.95 million television viewers. Sports personality of the year public vote Kurt Fearnley athletics Kurt Fearnley may be the toughest athlete in Australian sport. In November 2014 the triple Paralympic gold medallist won his fifth NewYork marathon in the mens wheelchair event his third race in eightweeks after winning in Sydney and placing second in Chicago. 2014 was a busy year for Kurt. Despite battling a virus Kurt won a silver medal in the 1500m T54 event at the Glasgow Commonwealth Games and launched his autobiography. 34 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 SPORT ACHIEVEMENTS ASC Media Awards The 13th annual Australian Sports Commission Media Awards were staged at Sydneys Darling Harbour in November 2014. The awards again attracted many high quality entries with more than 300 nominations across all categories. The highlight of the evening was recognising the contribution of veteran Nine Network sports anchor Ken Sutcliffe to sports journalism over four decades. The Sports Minister the Honourable Peter Dutton MP presented Sutcliffe with the Lifetime Achievement Award in front of 175 guests including senior executives of the nations major media outlets. In addition to the lifetime achievement award awards were presented across 14 categories recognising significant contributions in print and electronic media. 35 Table 7 ASC Media Awards results Award Award winner Lifetime achievement award for contribution to sports journalism Ken Sutcliffe Best sports photography Cameron Spencer Rain Dance Getty Images Best sports journalism from rural regional or suburban media Robert Dillon Bye bye boganarie NewcastleHerald Best profiling of an athlete team or coach print media Jake Niall Inside the world of Liam Jurrah The Age Best profiling of an athlete team or coach broadcast media Ryan Smith Denise Reardon Frank Chidiac Maria Cardomatis and Lisa Shaunessy Slammin Sam Fox SportsBeyond and South Sydney Media Best coverage of sport by an individual television Gerard Whateley ABC and Fox Footy Best reporting of an issue in sport Michael Warner Mark Robinson and Chip Le Grand Essendon drugs scandal Herald Sun and TheAustralian Best analysis of the business of sport Ramy Haidar The Cyberscrimmage Inside Sport Best coverage of a sporting event by a media organisation Big Bash Cricket Channel Ten Best coverage of sport by an individual radio Gerard Whateley Grandstand AFL Best coverage of sport by an individual print media Will Swanton The Australian Best contribution to sport through digitalmedia Network Sport Taking the world game to every Australian Fox Sports and News Corp Best promotion of sport for people withdisability Emma Greenwood He who dares lives Gold Coast Bulletin Best promotion of women in sport Matt Weiss Denise Reardon Kelli Underwood Breaking Ground Fox Sports Best depiction of the value of sport to Australians in a community setting McGuire Media The Recruit Indigenous Carnival episode Foxtel 36 37 01 C H A P T E R 38 44 o u r p e r f o r m a n c e Outcome 1 Our approach 39 Outcome 1 highlights 40 Outcome 1 deliverables and indicators 42 Outcome 2 Our approach 45 Outcome 2 highlights 46 Outcome 2 deliverables and indicators 48 38 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 1 OUR PERFORMANCE o u t c o m e 01 O u t c o m e 1Improved participation in structured physical activity particularly organised sport at the community level including through leadershipand targeted community based sports activity. Total expenses 108160000 Total appropriation 88337000 The focus of Outcome 1 is developing the Australian sport sector to increase participation in sport. To achieve this the ASC provides targeted investment to NSOs to enable them to grow their participation base provides services and support that assists NSOs with participation strategy planning andoperations develops and shares high quality information research and data to better understand whatis happening in sport drives demand for lifelong participation in sport by focussing on younger Australiansthrough the Sporting Schools programme. 39 Our approach During the reporting period the ASC launched its new participation game plan Play.Sport.Australia. which sets out a big-picture vision for boosting participation in sport. It has a focus on delivering more Australians particularly younger Australians participating in sport more often year-on-year membership and participation growth for all sports and strong sporting organisations that deliver the products and opportunities Australians want. Play.Sport.Australia. builds on the work and achievements of previous years continuing the ASCs focus on working to better understand what is happening in sport and supporting the network that supplies sport Australias sporting organisations. A key component of this strategy is helping drive demand for lifelong participation in sport with a focus on our national school-based participation programme Sporting Schools. In 201415 the ASC continued to emphasise the importance of building participation through community-based sporting activity by investing in NSOs continuing to build the capability and sustainability of NSOs and transitioning from the AASC programme to the Sporting Schools initiative which will help schools run activities across more than 30 major sports for three termseach year. 40 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 1 OUR PERFORMANCE Outcome 1 highlights Supporting the half-million untrained coaches a paradigm shift in community coach and officials training Responding to rapid advances in communication changes in the way adults learn and shifts in volunteering patterns the ASC undertook a major review of community-level coaching and officiating in Australia. The review focussed on the need to support the 500000 coaches who deliver sport at the community level. The review and subsequent industry consultation highlighted the need for a paradigm shift to ensure that community coaches and officials received the training they need to do their jobs. It also identified that accreditation was important but sports also needed to support the large numbers of coaches and officials that volunteered their time and didnt want accreditation. From the recommendations of the review the ASC has provided NSOs with toolkits that guide them through developing coaching and officiating frameworks and training programmes that meet the needs of their workforce and participants. The step- by-step approach helps sports to understand their coach and official workforce and their participants enabling them to tailor a suite of support and learning approaches to meet their needs. This includes accreditation but also online learning and more informal approaches at the club level. Active After-school Communities programme The AASC programme closed on 31 December 2014 after a successful 10-year period that had a significant impact on the Australian sporting sector. The programme stretched across all states and territories reaching two million students in more than 6000 schools and OSHCS over that time. The programme also introduced the Playing for Life4 philosophy in one quarter of Australian primary schools and trained more than 65000 coaches. Each semester more than 190000 children took part in AASC. The programme included sports as diverse as soccer judo and wheelchair basketball all while promoting healthy and active lifestyles and developing a lifelong interest in sport. 4 The Playing For Life philosophy is an approach to coaching that uses games rather than drills to introduce the skills and tactics of the particular sport being delivered in order to create a fun and inclusive environment. 41 Development and piloting of the SportingSchools programme Following the announcement of the Sporting Schools initiative in the May 2014 Federal Budget the ASC began developing and piloting the 100 million initiative. Sporting Schools builds on the success of AASC and will involve more children schools and coaches than ever before. The initiative is geared to get children active engaged and having fun while teaching them positive leadership skills physical skills and greater community engagement. Sporting Schools will bring local sporting communities schools and government agencies together to encourage sport participation across Australia. The Sporting Schools pilot programme ran between January and June 2015 involving 10 NSOs and more than 500 primary schools across Australia. Sporting Schools officially begins on 1 July 2015 and will partner with more than 30 NSOs to expand sporting opportunities for children before during and after school hours at Australian primary schools. New participation investment approach As part of the ASCs participation game plan Play.Sport.Australia. the ASC developed a new participation investment model for NSO funding. The model is based on a categorisation approach and framework where investments to NSOs are prioritised based on their capability of leading participation growth. This new framework aims to provide a simpler more consistent and transparent approach to participation funding. Categorisation is based on participation data from the Australian Bureau of Statistics ABS and data gathered through the ASCs Annual Sports Performance Review. Future categorisation will be informed by Annual Sports Performance Review participation data and the new ASC sector-wide national AusPlay survey. 42 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 1 OUR PERFORMANCE Outcome 1 deliverables and indicators The following tables provide a summary of the ASCs performance against the deliverables and key performance indicators as set out for Outcome 1 in the PBS. Table 8 ASC performance against Outcome 1 deliverables Deliverable Result Comment Provide targeted investment to NSOs to achieve measurable participation outcomes achieved The ASC provided funding to 58 NSOs to achieve participation outcomes in 201415. To provide a simpler more consistent and transparent approach to participation funding the ASC also developed a new participation investment model. This new model will be implemented from 1 July 2015. Establish and implement an annual participation research and information programme to measure sport participation and provide information to assist NSOs to make informed decisions about participation Significant progress made Initial aspects of design have been undertaken including consultation with a range of sport sector representatives to better understand participation data needs identify major issues or gaps and inform reporting outputs to maximise the surveys usefulness. The scope for the ASCs annual national participation data collection tool AusPlay has been defined. The survey will collect data on sport and selected active recreation activities with an annual sample size of 20000 adults and approximately 5000 children. The procurement phase has been delayed preventing implementation this year. The AusPlay survey is now expected to be designed in the second half of 2015 and field work expected to begin in late 2015. Implement the Sporting Schools initiative acieved The AASC programme was successfully closed on 31 December 2014. Transition to the new Sporting Schools programme is complete with key milestones of web-based registrations and grant applications going live in February and May 2015 respectively. A transition programme was implemented in term 2 of 2015 to help 1588 schools that had been involved in the AASC programme move to Sporting Schools and 32 NSOs establish new partnership arrangements. Sporting Schools programme delivery officially begins in July 2015. 43 Table 9 ASC performance against Outcome 1 key performance indicators Key performance indicator Result Comment Establishment of benchmark participation data to measure the percentage of the Australian population participating in organised sport traditional or social with an NSO or affiliate delayed With the delay in the implementation of the AusPlay survey the target of establishing benchmark participation data has not been achieved this year. Work will continue to establish this benchmark data in 201516. In the interim the ASC will continue to use ABS participation data and data gathered through the ASCs Annual Sport Performance Review. 80 per cent of priority participation NSOs5 growing their participationbase achieved 27 of the 35 priority participation NSOs 80 per cent grew their participation base in 201415. 80 per cent of key sport partners agree the ASC has demonstrated effective leadership of the sport sector acheived 88 per cent of key sport partners agree the ASChas demonstrated effective leadership of the sport sector. 80 per cent of key sport partners agree the ASC has effectively shared knowledge and expertise in sport achieved 96 per cent of key sport partners agree the ASChas effectively shared knowledge and expertise in sport. 5 In 201415 there were 29 priority participation NSOs 80 80 80 44 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 1 OUR PERFORMANCE Excellence in sports performance and continued international sporting success by talented athletes and coaches including throughleadership in high performance athlete development andtargeted science and research. Total expenses 207405000 Totalappropriation177731000 The focus of Outcome 2 is delivering sustained international success. To achieve this the ASC provides targeted investment to NSOs and athletes to enable them to deliver high performance programmes that achieve international success provides high performance advice and guidance that assist sports with strategy high performance planning and programme delivery develops and delivers customised athlete coach and leader talent initiatives to optimise high performance outcomes plans coordinates and delivers sports science and sports medicine expertise to ensure Australian athletes get the right support at the right time o u t c o m e 02 45 supports innovative solutions for prioritised sports and promotes the growth of new knowledge and expertise for high performance sport facilitates a more aligned and streamlined performance network that supports AustraliasWinning Edge identified athletes and teams across jurisdictions. Our approach As the ASCs high performance agency the AIS has continued to lead on meeting the targets of the ASCs high performance agenda. We are building a more agile system under Australias Winning Edge to get the right support to the right sports and the right athletes. In 201415 the AIS continued to roll out Australias Winning Edge initiatives and continued to work in partnership with NSOs state institutes and academies of sport and peak bodies Australian Olympic Committee Australian Paralympic Committee and the Australian Commonwealth Games Association to deliver ongoing international success. Australias Winning Edge provides the high performance sports sector with clear performance targets and a framework for collaboration. The 2014 Glasgow Commonwealth Games provided an indication of how tight the competition will be at the 2016 Rio Olympic and Paralympic Games but the AIS and the Australian high performance sector are confident of delivering an improved result from the 2012 London Olympic Games. 46 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 1 OUR PERFORMANCE Outcome 2 highlights 2015 Sports Tally In April 2015 the AIS released the 2015 Sports Tally publication the ASCs annual report card for Australian sport. Sports Tally is a central plank of the Australias Winning Edge initiatives introduced to improve the evidence base for decision making in high performance sport. It provides an appraisal of the performance of each Australias Winning Edge sport and an appraisal of the sector as a whole. The 2015 Sports Tally provides a rating for each sport compared to their performance last year highlights the 2014 world champions and notable performances outlines the benchmark event targets at Olympic Paralympic World Championships and Commonwealth Games and provides an assessment on how sports are tracking in governance. Progress is being made on many levels across Australian high performance sport and the AIS is encouraged by the effort and commitment of sports to improve their high performance programmes and deliver strong governance for their constituents. International Sports Cooperation The ASC has continued to build its international partnerships for the pursuit of excellence. It worked closely with the Japan Sports Council during 201415 to develop and promote an exchange of programmes experiences skills and techniques information and knowledge for mutual benefit. Knowledge was shared in relation to training and competition for individual athletes and teams sports science coach education facility development and sports management. In September 2014 the AIS and Japan Sport Council conducted a joint training camp that involved senior athletes from the Japan Judo Federation and senior Australian athletes. The camp facilitated training opportunities and shared learning experiences in coaching training and a range of sports science and sports medicine initiatives. 47 Campaign Rio The Campaign Rio initiative is a collaborative partnership between the AIS Australian Olympic Committee and Australian Paralympic Committee. The initiative was established to provide a platform for sharing knowledge and experience across Olympic and Paralympic sports to assist with the planning and preparation of Australian athletes and teams in the lead up to Rio 2016. In March 2015 the AIS hosted the latest Campaign Rio forum with more than 100 attendees from across Olympic and Paralympic sports. The forum focussed on readiness and resilience and included presentations thematic workshops andcase studies. The forum also enabled the sharing of practical information such as logistics associated with the Rio Games venues and ticketing support services for athletes and teams safety and security medical updates and future planned site visits of the Olympic precinct and competition venues. myAISplaybook In October 2014 the myAISplaybook resource that forms a key part of Australias Winning Edge strategy was launched. The first of its kind myAISplaybook is an online platform that providesathletes with an exclusive virtual community and secure online environment designed specifically for them to communicate with and learn from each other and a space where they can learn through adaptive e-learning experiences. Someofthe other features include access to all dAIS6 and Australian Sports Anti- Doping Agency ASADA-related content and access to view paid and volunteer opportunities. There are now 1800 Australias Winning Edge categorised athletes registered and using this online resource. This continues to grow with subject matter experts and NSOs providing newcontent. 6 The dAIS scheme supersedes the Direct Athlete Support scheme providing opportunities for athletes in Olympic Paralympic and Commonwealth Games sports to receive grants from the Australian Government. 48 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 1 OUR PERFORMANCE Outcome 2 deliverables and indicators The following tables provide a summary of the ASCs performance against the deliverables and key performance indicators as set out for Outcome 2 in the PBS. Table 10 ASC performance against Outcome 2 deliverables Deliverable Result Comment Provide targeted investment in NSOs to assist with the delivery of programmes aligned to their Australias Winning Edge targets achieved 38 NSOs were funded to implement high performance plans in 201415. Provide high performance consultation that assists NSOs with strategy high performance planning and programme delivery to increase the likelihood of Australia achieving sustainable high performance success achieved Throughout 201415 the ASC provided ongoing high performance advice to Australias Winning Edge funded sports using evidence-based assessment and biannual sport performance reviews Biannual reviews were conducted in October 2014 and April 2015 that included the Annual Sport Performance Review with each Australias Winning Edge funded sport. Rio mid Olympic cycle reviews were also conducted with all Australias Winning Edge Olympic foundation sports to provide feedback on strategy and planning for the Rio Games. Implement innovative and customised high performance system solutions to optimise athlete coach and leader talent achieved 112 high performance coaches and leaders were supported through the AIS Centre for Performance Coaching and Leadership across the Performance Coach programme Podium Coach programme Performance Leader programme. Ensure that the right athletes get the right support at the right time by planning coordinating and delivering expertise for Australias Winning Edge funded NSOs and athletes achieved AIS sports science and sports medicine support was provided to targeted athletes as identified by NSOs. Support provided includes biomechanics medical nutrition physiotherapy physiological performance recovery psychological. 49 Deliverable Result Comment Support innovative solutions for prioritised NSOs and promoting growth of new knowledge and expertise for high performance sport achieved The ASC delivered three major national high performance research programmes during 201415 being Competitive Innovation Fund High Performance Sport Research Research into Action. Table 11 ASC performance against Outcome 2 key performance indicators Key performance indicator Result Comment 80 per cent of Australias Winning Edge funded sports rated by the AIS as achieving their performance targets not achieved 70 per cent of Australias Winning Edge funded sports achieved their performance targets. For those sports that did not achieve their targets the ASC has identified specific strategies and actions aimed to assist them to achieve improved performance outcomes into the future. 80 per cent of Australias Winning Edge funded sports agree the services they received from the AIS have made a high-quality contribution to their high performance programme achieved 87 per cent of Australias Winning Edge funded sports agree the services they received from the AIS have made a high-quality contribution to their high performance programme. 80 per cent of Australias Winning Edge partners agree the AIS has demonstrated strong leadership of Australian high performance sport achieved 95 per cent of Australias Winning Edge partners agree the AIS has demonstrated strong leadership of Australian high performance sport. 80 per cent of Australias Winning Edge partners agree there is strong strategic alignment across the high performance institute network achieved 77 per cent of Australias Winning Edge partners agree there is strong strategic alignment across the high performance institute network representing a 12 per cent increase on the same measure in 201314. The ASC will as a priority continue to work to further strengthen the strategic alignment across the network in 201516. 80 80 80 80 50 02 C H A P T E R 51 52 54 56 58 59 60 o u r o r g a n i s a t i o n Who we are and how we work The Australian Sports Commission 52 Our values 52 Key activities or changes 52 Organisational structure as at 30 June 2015 53 People management Our people 54 Site management Employment conditions and initiatives Enterprise bargaining 58 Work health and safety 58 Corporate partners Operational highlights 52 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 2 OUR ORGANISATION Who we are and how we work The Australian Sports Commission The ASC is a statutory authority within the Australian Governments Department of Health portfolio. It was established in 1985 and operates under the Australian Sports Commission Act 1989. The ASC is governed by a board of commissioners appointed by the Australian Government. The Board determines the ASCs overall direction decides on the allocation of resources and policy for delegated decisions and is accountable to the Minister for Sport and toParliament. The ASC plays a central leadership role in the development and operation of the Australian sport system administering and funding innovative sport programmes and providing leadership coordination and support for the sector. The ASC works together with its partners recognising a shared approach that brings together expertise from a range of organisations delivers greater results than any single agency working alone. The ASC has staff and offices across Australia and internationally in the Italian province of Varese.Its headquarters are at the AIS Campus in Bruce Canberra. There the ASC operatesa65hectare multipurpose campus with sporting administration commercial and residential functions. Supporting the Play.Sport.Australia. strategy the ASC has 12 regional offices with small teams administering the Sporting Schools programme and delivering other priority ASC activities.Our high performance sport outcomes in support of Australias Winning Edge are delivered primarily at the AIS Campus in Bruce but this facility is augmented with a smaller northern facility based in Pizzey Park on the Gold Coast and the European Training Centre in Varese Italy. Our values The ASC values Respect Integrity Teamwork and Excellence establish the foundations for the way the Commission does business and works towards organisational goals and objectives. The values reinforce the expected behaviour of ASC staff in their daily operations within and outside of the organisation. Key activities or changes There have not been any key activities or substantial changes in the structure or direction of the ASC during 201415. 53 Organisational structure Chart 1 ASC Organisational structure as at 30 June 2015 Participation and Sustainable Sports General Manager Michael Thomson Corporate Operations General Manager Steve Jones Australian Institute of Sport Director AIS Matt Favier Sports Governance and Business Capability Deputy General Manager Geoff Howes Michael Johnston Acting AIS Site Services Deputy General Manager Sue Minter Athletes Coaching and Leadership Deputy Director Andrew Logan Digital Information Management and Technology Deputy General Manager Steven Stolk Finance Deputy General ManagerCFO Fiona Johnstone Performance Science and Innovation Deputy Director Nick Brown High Performance Deputy Director Dean Kenneally Performance Investment Deputy Director Angela Ryder Sport Insights Deputy General Manager Paul Fairweather People Capability and Communications Deputy General Manager Carolyn Brassil Sport Participation Deputy General Manager Vacant Geoff Howes Acting Sponsorship and Business Development Director Kelvin McAlpine Performance Preparation Deputy Director Phil Borgeaud Procurement Director Jane Heseltine Chief Financial Officer Fiona Johnstone Australian Sports Commission Chief Executive Officer Simon Hollingsworth AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 2 OUR ORGANISATION People management Table 12 Staff profile compared to previous years 30 JUNE 2014 30 JUNE 2015 Staff 30 June 2014 30 June 2015 Ongoing Full Time 374.4 338.4 Fixed Term Full Time 258.0 159.3 Ongoing Part Time 11.2 11.2 Fixed Term Part Time 2.1 4.2 Casual Employment 54.1 49.8 Total 699.8 562.9 Table also includes part time full time and casual staff. 54 ASC staff age breakdown UNDER 30 12 3039 43 4049 24 5059 17 60 4 Years of service to the ASC 0-6 MONTHS 10 6-12 MONTHS 5 1-2 YEARS 10 2-5 YEARS 25 5-10 YEARS 27 10-15 YEARS 13 15 YEARS 10 TOTAL Table 13 Staff by classification broken down by gender 44 56 55 Classification Female Male Total Executive 4 4 ASC 8 Deputy General Manager Equivalent 4 7 11 ASC7 Director and equivalent 14 32 46 ASC6 Assistant Director 40 81 121 ASC5 40 48 88 ASC4 57 61 118 ASC3 36 27 63 ASC2 21 18 39 ASC1 5 5 Total 217 278 495 Staff stats OF EMPLOYEES ARE PROUD TO WORK AT THE ASC92 EMPLOYEES WORKING UNDER FLEXIBLE WORK ARRANGEMENTS 40 OF STAFF BASED AWAY FROM CANBERRA18 INDIGENOUS EMPLOYEES04 56 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 2 OUR ORGANISATION Site management The ASC operates facilities residential services and other activities for NSO high performance programmes other sporting groups and commercial visitors to the AIS Campus in Bruce Canberra. The ASC also operates strategic sports training facilities at Yarralumla Canberra Pizzey Park Gold Coast and at Varese in Italy. During 201415 the ASC undertook several key facility refurbishment projects focused on maintaining and improving the high-quality training environment available at the AIS. Projects also aimed to implement changes to support Australias Winning Edge strategy the new AIS brand and the organisational restructure following the Operational Effectiveness Review. Theseprojects included AIS Track and Field Centre replacement of timber terrace with concrete viewing area AIS Aquatic and Fitness Centre installation of new enclosed room for pool-side timing system enhancement to the courtyard between pools and brand installation AIS High Performance Centre reconfiguration of entry renaming and new signage to reflect the centres main entry point AIS Campus completed site-wide security upgrade including the roll-out of a new access control system further LED lighting to external pathways and buildings and additional security cameras various buildings installation of signage fit-out of offices and creation of storage areas to support the on-site centres of excellence for Athletics Boxing Football Gymnastics Judo and Volleyball AIS Rowing Centre Yarralumla installation of new flooring in the ergo gymnasium and weights room for Rowing Australia AIS National Training Centre Pizzey Park upgrading of security systems. 57 AIS Campus Canberra 58 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 2 OUR ORGANISATION Employment conditions and initiatives Enterprise bargaining The process for developing a new enterprise agreement for the ASC continued throughout 201415. Bargaining within the ASC is ongoing with the aim of having a new agreement ready for staff to consider early in 201516. The ASC is working with staff and stakeholders to develop a new agreement that balances staff interests organisational requirements and bargaining guidelines with the budgetary and government environment. The agreement needs to be affordable across its life and underpinned by commensurate cash and productivity savings. Work health and safety The ASCs Work Health and Safety Governance Forum which oversees systems for the management of workplace health safety and rehabilitation met on five occasions during the year. The forum approved a new rehabilitation management policy for the ASC and amended its terms of reference to strengthen the focus on the ASCs rehabilitation management system. Other outcomes from this forum include the adoption of performance measures for rehabilitation management to be incorporated in existing performance reporting on work health and safety CEO appointment of three additional case managers from within existing resources increasing the capacity and capability of the ASC to manage employee rehabilitation in accordance with obligations under the Safety Rehabilitation Compensation Act 1988 new service level agreements with external rehabilitation service providers used by the ASCthat include prescribed service-delivery standards. The forum reviewed two systems performance reports which it subsequently provided to the ASC Executive and the Finance Audit and Risk Committee. The operationally focussed WorkSafe Committee met every two months. It oversaw the expansion of the ASCs network of workplace health and safety representatives to ensure adequate representation and increased capability appropriate to the changed workforce structure and locations. The majority of new representatives have completed mandatory training with training for those remaining scheduled for next year. Notifiable incidents A total of 21 incidents arising from the conduct of ASC business were reported during 201415. There were no investigations undertaken in 201415 under Part 10 of the Work Health and Safety Act 2011. 59 Corporate partners The ASC has a strong history of successful commercial partnerships with a range of high-profile Australian consumer brands. Most of these partnerships are built on two key elements brand endorsement the opportunity to leverage the power of the AIS brand to endorse consumer products product validation testing provided by the AIS research team to enhance ongoing product development and validate product claims. During 201415 the ASC was proud to partner with the following organisations 2XU Pty Ltd Beiersdorf Australia Ltd Thermoskin Club Warehouse Dairy Australia Nestl Australia Ltd Pacific Brands Clothing Pty Ltd Berlei PepsiCo Australia Gatorade Unilever Rexona United Pacific Industries Pty Ltd Elastoplast The ASC highly values these partnerships with organisations who share a similar passion for sport and a commitment to driving innovation and excellence. 60 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 2 OUR ORGANISATION Operational highlights Operational Effectiveness Review The ASC finalised and implemented its response to the findings of the Operational Effectiveness Review which was completed in early 2014.The review assessed all parts of the ASCs operations to realign its activities with the preceding strategic changes and identify efficiency savings and commercial opportunities. During the year the ASC implemented a range of measures to achieve sustained internal savings and increased commercial revenue.Improved efficiencies have already been realised through measures such as a new travel system improved procurement processes and streamlined administration and management oversight. A key measure in response to the review was the introduction of a revised organisational structure. The new structure was implemented in September 2014 and resulted in a reduction in the ASCs workforce of approximately 42 full time equivalent positions. Revised work practices have been implemented following the restructure to ensure the ASC delivers against its primary objectives and remains agile within a changing environment. New travel system The ASC implemented a new travel system on 1 July 2014 designed to deliver improved travel management cost savings and operational efficiencies. The system involved three new elements a new travel approval tool that enables requests to be approved via email a single travel provider QBT engaged through the Whole of Australian Government WoAG travel management arrangement and an online booking tool enabling staff to receive quotes and book domestic and international flights accommodation and car hire via a one stop shop travel booking portal. With the introduction of a single travel management company the ASC has gained greater insights into its travel programme through more extensive reporting capability and the introduction of significant administrative efficiencies.The ASC has embraced the system and online booking tool. During the last three months of 201415 more than 95 per cent of all domestic bookings were done through the tool one of the best rates of all WoAG entities. 61 ASC Childcare Centre In September 2014 the AIS Childcare Centre received an Excellent rating from the Australian Childrens Education and Care Quality Authority ACECQA. This rating is the highest a service can achieve under the National Quality Framework for Early Childhood Education and Care. Only services that exceed the National Quality Standard can apply for the Excellent rating.In awarding the Excellent rating the authority highlighted the centres culture of professional enquiry and critical reflection their efforts to support families particularly through the Parenting Network Group and their leadership in thefield. The AIS Childcare Centre also received a sustainability and environmental practices award at the ACT Education and Care Gala Awards in December 2014. The biennial awards celebrate the dedication and commitment to excellence of individuals groups and organisations within the education and care sector. The sustainability and environmental practices award highlights the centres work in embedding sustainable practices engaging families in these approaches and helping educators learn more about sustainability. Commercialisation The ASC released a new commercial strategy in May 2015 targeting key growth opportunities over the next 1218 months. This strategy is aligned to four key measurable outcomes growth in sponsorship by ensuring existing sponsors re-sign where contracts are up for renewal and new sponsors are signed driving increased revenue into the Australian Sports Foundation for the dAIS programme by encouraging philanthropic donations to support Australian athletes leading into Rio and beyond driving increased usage of the ASC facilities exploring opportunities to develop unique events at the ASC. This strategy will further enhance the ASCs commercial viability building on 201415 increases in AIS tours resulting from being one of the only Canberra tourist destinations open for night tours increased sports camps and events on site and continuing to be a venue of choice for many national and international high performanceteams. 62 03 C H A P T E R 63 64 66 79 80 81 a c c o u n t a b i l i t y Authority and direction Legislation requirements 64 Planning and accountability 65 Ministerial direction 66 Board and Committees Board appointments 66 Board members 67 Board Activity 75 Board Committees 77 Risk management internal audit fraud control andinsurance Risk management 79 Internal audit 79 Fraud 80 Indemnities and insurance premiums for officers 80 External scrutiny Judiciary decisions 80 Privacy 80 Freedom of Information 81 Other statutory requirements Environment and heritage 81 64 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY Authority and direction Legislation requirements The ASCs enabling legislation is the Australian Sports Commission Act 1989 ASC Act which defines the Commissions role corporate governance and financial management framework. Asa corporate Commonwealth entity of the Australian Government the ASC is accountable to the Minister for Sport. The ASCs delivery of its outcomes is guided by its governance framework. This framework includes the ASCs enabling legislation and other legislative instruments managerial and organisational structures corporate policies and strategies and resource management practices. The objects of the ASC are set out in section 6 of the Australian Sports Commission Act. Theyare a to provide leadership in the development of sport in Australia b to encourage increased participation and improved performance by Australians in sport c to provide resources services and facilities to enable Australians to pursue and achieve excellence in sport while also furthering their educational and vocational skills and other aspects of their personal development d to improve the sporting abilities of Australians generally through the improvement of the standards of sports coaches e to foster cooperation in sport between Australia and other countries through the provision of access to resources services and facilities related to sport f to encourage the private sector to contribute to the funding of sport to supplement assistance by the Commonwealth. The functions of the ASC are set out in section 7 of the ASC Act. They are a to advise the Minister in relation to the development of sport b to coordinate activities in Australia for the development of sport c to develop and implement programs that promote equality of access to and participation in sport by all Australians d to develop and implement programs for the recognition and development of i persons who excel or who have the potential to excel in sport ii persons who have achieved or have the potential to achieve standards of excellence as sports coaches umpires referees or officials essential to the conduct of sport 65 e to initiate encourage and facilitate research and development in relation to sport f to undertake research and development related to sport science and sports medicine g to provide sports medicine services and sports sciences services to persons participating in programs of the Commission h to establish manage and maintain facilities for the purpose of the Commission j to collect and distribute information and provide advice on matters related to the activities of the Commission k for the purpose of fostering cooperation in sport between Australia and other countries to provide access to persons from other countries to the resources services and facilities of the Commission m to raise money through the Australian Sports Foundation or by other means for the purpose of the Commission n to administer and expend money appropriated by the Parliament or raised in accordance with paragraph m for the purpose of the Commission p to consult and cooperate with appropriate authorities of the Commonwealth of the states and of the territories and with other persons associations and organisations in matters related to the activities of the Commission q to provide advice on matters related to sport to the Australian Olympic Federation or other persons bodies or associations r to cooperate with national and international sporting organisations in aiming to foster a sporting environment that is free from the unsanctioned use of performance enhancing drugs and doping methods. Planning and accountability On 1 July 2014 the Public Governance Performance and Accountability PGPA Act 2013 came into effect replacing the Commonwealth Authorities and Companies Act 1997 as the ASCs key resource management framework. The ASCs planning and accountability approach supports the organisation in meeting its legislative responsibilities as set out in the PGPA Act and the ASC Act and effectively delivering its outcomes. For 201415 the ASCs strategic plan for 201112 to 201415 Working Together for Australian Sport set the direction strategies and broad approach that allowed the Commission to meet its statutory objectives and achieve the outcomes outlined within the 201415 PBS. With Working Together for Australian Sport set to conclude on 30 June 2015 and the PGPA Act introducing a uniform requirement on all Commonwealth entities to prepare a corporate plan effective from 1 July 2015 the ASC has developed its 201519 Corporate Plan and the associated Annual Operational Plan required under its enabling legislation to set out the organisations strategies and direction for the next four years as well as its specific targets for 201516. 66 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY Ministerial direction For the 201415 reporting period two ministers have been responsible for sport. The Honourable Peter Dutton MP was Minister for Sport from 1 July 2013 to 23 December 2014 and the Honourable Sussan Ley MP commenced her responsibility for sport on 23 December 2014. Neither Mr Dutton nor Ms Ley made any directions to the ASC under subsection 111 of the ASCAct during the reporting period. Board and Committees Board appointments The ASC Act provides for between eight and 13 members appointed by the responsible Ministerand an ex-officio Commissioner representing the Department embracing the FederalSport Portfolio. During the 201415 financial year the Board welcomed the Secretary of Health Mr Martin Bowles PSM. Mr Bowles joined the Board in October 2014 following his appointment to the Department and brings a wealth of public sector knowledge and considered advice to the role. There was considerable change in the Boards composition with several Commissioners completing their terms including Ms Liz Ellis AM Ms Sally Carbon OAM Mr David Gallop Mr Andrew Fraser Ms Margy Osmond and Mr Ken Ryan AM. As former world class athletes and successful administrators and leaders the departing members offered valuable insights into the world of both sport and business. Each Commissioner has made an important contribution to Australian sport through their involvement in the ASC Board and its Committees. The Board welcomed the Honourable Pat Farmer AM in November 2014 while in June 2015 MsKatherine Bates Ms Jennifer Morris and Mr Steve Moneghetti AM were all appointed to theBoard. 67 Board members Mr John Wylie am Chair John Wylie is a Special Advisor to Lazard Australia having recently retired as its CEO. Mr Wylie co-founded Carnegie Wylie Company in 2000 a corporate advisory and private equity investment firm acquired by Lazard in 2007 and in the 1990s was Australian chairman of investment bank Credit Suisse First Boston. In these roles Mr Wylie has advised companies and governments globallyfor more than 25 years. He now owns and is principal of investment firmTanarra Group. Mr Wylie is president of the Library Board of Victoria a trustee of the Rhodes Scholarship Trust at Oxford University a director of the Melbourne Stars Big Bash League cricket team and a member of the Melbourne Grammar School Finance Committee. He was formerly chairman of the MCG Trust a position he held for 14 years. In that role he chaired the MCG Redevelopment Steering Committee for the Melbourne 2006 Commonwealth Games. He is a former board member and honorary treasurer of the Howard Florey Institute for Neuroscience and a former director of CSR Limited. Mr Wylie holds a Master of Philosophy degree from Oxford University where he was a Rhodes Scholar and a Bachelor of Commerce with First Class Honours from the University of Queensland. He was made a Member of the Order of Australia in 2007. Mr Wylie was appointed to the ASC Board on 10 September 2012. Mr David Gallop Deputy Chair until 18 January 2015 David Gallop was appointed CEO of Football Federation Australia in November2012. Mr Gallops tenure since this time has coincided with a period of stability growth and innovation in Australian football underpinned by the launch of the WestfieldFFA Cup Foxtel A-League All Stars the National Premier Leagues unprecedented growth in Hyundai A-League ratings and crowds and a successful 2015 AFC Asian Cup campaign that has seen the Socceroos crowned as the Champions of Asia. Mr Gallop entered the world of football with a rich sporting background having been chief executive of the National Rugby League for more than a decade where he guided the game through its most successful era in terms of crowds television ratings and commercial success. Prior to this he held the legal adviser role to the game since its inception in 1997. 68 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY One of the most respected sporting administrators in the country he was appointed to the ASC Board in 2008 and served as deputy chairman until the end of his term in early 2015. Mr Gallop was the secretary of the Rugby League International Federation from 1998 to 2011 and currently sits on the Asian Football Confederation Competitions Committee and the Local Organising Committee for the 2015 AFC Asian Cup. He was a winner of the Australian Sports Administrator of the Year award 2006 and the NSW Sports Administrator of the Year 2002. A law graduate and a former first-grade cricketer Mr Gallop is known for a considered approach in dealing with complex issues and for his ability to combine the passion of sport with the realities of a competitive business world. Mr Mark Stockwell Deputy Chair appointed Deputy Chair on 18 January 2015 Mark Stockwell is an Olympic and Commonwealth Games swimming medallist. He was also an AIS scholarship holder from 198284 and again in 1987. Mr Stockwell studied Engineering and Commerce at the University of Queensland and Economics at the Australian National University. After his retirement from swimming in 1992 Mr Stockwell joined the business established by his parents Bill and Necia Stockwell.As managing director Mr Stockwell has seen the company diversify as an investor developer builder project manager and property manager of industrial retail commercial residential and leisure developments. Mr Stockwell is a former president of the Property Council of Australia Queensland Division and served on the national board for two years. Mr Stockwell was also previously the chairman of the Gold Coast 2018 Commonwealth Games Organising Committee. Mr Stockwell is chairman of Trade and Investment Queensland the QueenslandGovernments export and foreign investment agency which assistsinternational companies to invest in Queensland and local businesses to expand into new markets.Mr Stockwell is also a trustee of the Stockwell Foundation. He was appointed chair of the Australian Sports Foundation andamember of the ASCBoard in June 2014 and became deputy chair on 18 January 2015. 69 Ms Alisa Camplin-Warner oam Alisa Camplin-Warner worked globally with the IBM Corporation for 16 years most recently holding the position of strategy and transformation executive Global Technology Services. She is currently a non-executive director of the Collingwood Football Club Royal Childrens Hospital Foundation and theOlympic Winter Institute of Australia. Ms Camplin was also chair of the Australian Sports Foundation from 2009 to 2014. Ms Camplin-Warner holds a Bachelor of Information Technology with a Business Major. She is ahigh performance consultantregular keynote speaker sports commentator and co-founder of thecharity Finnans Gift. Ms Camplin-Warner represented Australia in freestyle aerial skiing at two consecutive Winter Olympic Games winning gold in Salt Lake City in 2002 and bronze in Turin in 2006 where she was Australias Opening Ceremonyflag bearer. Ms Camplin-Warnerwas the Australian Olympic Committee chef de mission for the inaugural Winter Youth Olympic Games in 2012 and will again lead the team in 2016 she is also thedeputy chef de mission for the 2018 Winter Olympic Games being held in PheongChang South Korea. Ms Camplin-Warner was appointed to the ASC Board on 23 March 2007 and was a member of the ASC Commercialisation Innovation and Technology Committee until March 2015. The Honourable Patrick Farmer am Patrick Farmer is a multiple worldrecord holder for endurance running. Hehas run from the North Pole to the South and across Australia New Zealand Vietnam and North America. Mr Farmer served as a Member of Australias Parliament for eight years with three years as parliamentary secretary for education science and training. Mr Farmer has raised millions of dollars for causes during his 20year running career including Lifeline Cancer Council Australian Red Cross and Diabetes Australia. He received the 2000 achiever of the year award from Prime Minister John Howard. Mr Farmer was made a Member of the Order of Australia in 2015 for significant service to the community through fundraising support for charitable organisations to ultra-marathons and to Parliament in Australia. Mr Farmer was appointed to the ASC Board on 7 November 2014. 70 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY Mr John Lee John Lee ischief executive officer of the South Sydney Rabbitohs overseeing all commercial administrative and football operations of one the sports oldest and most successful clubs in Australia. Previously he was the head of the NSW Public Service as director general of the Department of Premier and Cabinet. Before this appointment he was head of the Department of Transport Commerce and State Transit Authority. Mr Lee is a board member of Souths Cares and sits on the nominations committee for the Men of League. He has also been on the Advertising Standards Board Events NSW Board and served as president of the Institute of Public Administration Australia NSW Branch. Mr Lee was appointed to the ASC Board on 1 October 2011 and is a member of the ASC Governance and Executive Performance Committee. Mr Andrew Plympton Andrew Plympton continues to undertake a wide range of business and sport administration activities. He is chairman of three ASX listed companies a director of one and director of an NZX company. Sport has been a lifelong passion for Mr Plympton particularly sailing where he has been competing at the highest level for more than 45 years. He has won a world championship and numerous national and state titles in international classes and ocean racing yachts. Mr Plympton has held a number of positions in sport administration includingchairmanpresident for St Kilda Football Club for eight years before retiring in 2000. He was the president of Yachting Australia for more than seven years and was elected to the Australian Olympic Committee in 2008. He was made a director of the Australian Olympic Foundation Limited and is a member of the Audit Committee. Mr Plympton was appointed to the ASC Board in January 2011. Since May 2011 he has served as the chair of the ASC Finance Audit and Risk Committee and is a member of the ASC Governance and Executive Performance Committee. 71 Ms Katherine Bates Katherine Bates is a renowned international cyclist who represented Australia at the highest levels of road and track cycling. She now works in broadcasting and maintains a close involvement with the cycling community at the grassroots and elite levels.Ms Bates has a Bachelor of Business Accounting and has sat on a number of boards including Bicycle NSW Cycling Australia Womens Commission and the Cycling Australia Athletes Commission. On her retirement from professional cycling at the end of the 2011 season Ms Bates turned her passion and knowledge of sport into a new career and is regularly seen on Australias major networks including Channel 7 9 ABC SBS and Fox Sports News. In addition to her broadcasting duties Ms Bates is highly sought after as a motivational speaker and executive coach where she applies the lessons andexperience of elite sport to facilitate leadership development in the corporate environment. Ms Bates was appointed to the ASC Board on 22 June 2015. Mr Steve Moneghetti am Steve Moneghetti represented Australia in the marathon at four Commonwealth Games winning gold 1994 silver 1990 and two bronze 1986 and 1998 medals. MrMoneghetti achieved three top 10 finishes in his four appearances at the Olympic Games 1988 1992 1996 and 2000. He also attended six World Athletics Championships winning a bronze medal in the marathon event in Athens in 1997. Mr Moneghetti retired as an athlete in 2000. Mr Moneghetti was Mayor of the Commonwealth Games Village at the Melbourne 2006 Commonwealth Games and the Australian teams chef de mission for the Delhi 2010 Commonwealth Games. From 2001 to 2010 he served as chair of the Victorian Institute of Sport and also chaired the Victorian State Review into Physical and Sport Education in schools the Moneghetti Report. Mr Moneghetti is active in the corporate community and is currently a sports consultant with his own business. He is also on the executive board of the Victorian Olympic Council. Mr Moneghetti received an Australian Sports Medal in 2000 and a Centenary Medal in 2001. In 2014 Mr Moneghetti was awarded an Order of Australia medal for significant service to athletics as a marathon runner administrator and mentor to young athletes. Mr Moneghetti was appointed to the ASC Board on 22 June 2015. 72 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY Ms Jennifer Morris oam Jennifer Morris is the Consulting Human Capital Partner at Deloitte in Perth. Jennifer has 10 years of consulting experience specialising in large scale business transformation programs focusing in the public and higher education sectors. She has deep experience in delivering programs of work which require organisations to change their operating models to delivering on strategic and operational plans. Ms Morris is a dual Olympic gold medallist having represented Australia in hockey from 1991 to 2000 winning gold in Atlanta 1996 Olympics and then leading the Hockeyroos to victory at the Sydney 2000 Olympics. She is a director of the Fremantle Football Club the immediate past chair of the board of Healthway the State Governments peak health promotion body and a former board member of the Western Australian Institute of Sport. Ms Morris won the National Deloitte Businesswoman of the Year 2007. Ms Morris was appointed to the ASC Board on 22 June 2015. Mr Martin Bowles psm Martin Bowles was appointed as Secretary of the Department of Health on 13 October 2014. Previously Mr Bowles was the secretary of the Department of Immigration and Border Protection overseeing the management of migration humanitarian citizenship and visa policy and programmes managing the lawful entry stay and departure of people crossing the Australian border and managing the Immigration detention network and regional processing centres. Prior to this role Mr Bowles held the positions of deputy secretary in the Department of Climate Change and Energy Efficiency and the Department of Defence respectively. In 2012 Mr Bowles received a Public Service Medal for delivering energy efficiency policies and remediation programmes for the Home Insulation and Green Loans programmes. Mr Bowles has also held senior executive positions in the education and health portfolios in the Queensland and New South Wales public sector. Mr Bowles has a Bachelor of Business degree a Graduate Certificate of Public Sector Management and is a Fellow of the Australian Society of Certified Practicing Accountants. 73 Ms Sally Carbon oam until 1 October 2014 Sally Carbon an Olympic and world cup gold medallist represented Australia in hockey at two Olympic Games and two world cups. Ms Carbon owns and is the director of Green Eleven Pty Ltd. She holds a Bachelor of Arts with majors in physical education and mathematics is a qualified strategic marketer a company director and is a Fellow of the Australian Institute of Company Directors. She has published six books and three interactive educational resources and has had 26 years of experience in the Australian media. Ms Carbon has served on the Board of the Western Australian Sports Council and the Strategic Directions Board for the WA Education Department and continues to be an active member of many foundation sport health and education boards in Western Australia. Ms Liz Ellis am until 1 October 2014 Liz Ellis is a former captain of the Australian national netball team. A three-time world netball champion 1995 1999 and 2007 and two-time Commonwealth Games gold medallist 1998 and 2002 Ms Ellis is the most capped Australian netballer of all time with 122 Test caps. She retired from netball in 2007 after leading Australia to win the Netball World Championship in Auckland. Holding a Bachelor of ArtsLaw from Macquarie University Ms Ellis was a practising solicitor for four years. In 2000 she left the legal profession to run the Liz Ellis Netball Clinics. Ms Ellis is a respected sports commentator and host and is a popular keynote speaker as well as a regular radio and television guest. Mr Andrew Fraser until 31 October 2014 Andrew Fraser is Head of Strategy and Investment at the NRL. He previously served as Queenslands Minister for Local Government Planning and Sport before being appointed as Queensland Treasurer in 2007. He was serving as Deputy Premier when his career in parliament ended in 2012. When he was appointed Queensland sport minister in 2006 Mr Fraser championed the introduction of the Young Athletes Assistance Programme aimed at encouraging participation across Queenslands broad geography. As Treasurer he oversaw significant economic reforms including leading the public float of QR National Aurizon the second largest initial public offering in Australian corporate history. Mr Fraser holds First Class Honours degrees in law and commerce from Griffith University and is a University Medal recipient. 74 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY Ms Margy Osmond until 3 March 2015 Margy Osmond is the chief executive officer of the Tourism and Transport Forum. Prior to this she served as chief executive officer of the Australian National Retailers Association representing Australias largest national retailersand is a well-known advocate in media and political circles for the sector. She also sits on the Australian Governments advisory body the Australian Retail Council. Ms Osmond is the chair of the NSW TAFE Commission Board and also chairs the Retail Advisory Panel established by the City of Sydney. Other previous board appointments include the Retail Employees Superannuation Trust Tourism NSW the NSW Major Events Board the NSW Police Ministers Advisory Board NSW State Transit Authority and Bell Shakespeare. Ms Osmond chaired the bid and official Organising Committee for the largest non-elite sporting event in the world the International World Masters Games held in Sydney in 2009. Mr Ken Ryan am until 25 June 2015 Ken Ryan is the former Qantas Airways Regional General Manager Victoria and Southern Australia based in Melbourne. He worked for Qantas for 18 years in a variety of senior management positions including group general manager marketing head of corporate development regional general manager South East Asia Qantas and British Airways and chief executive Jetstar Asia. Mr Ryan holds a Bachelor of Commerce from Melbourne University and is a boardmember of the Victorian Major Events Corporation Ambulance Victoria and the Australian Grand Prix Corporation and is a former board member of Skiing Australia. Mr Ryan was made a Member of the Order of Australia in 2012 for services to childrens and youth charitable organisations tourism and sport. 75 Board activity The ASC Board convened on nine occasions throughout 201415 three of which were viateleconference. A key focus of the Board in 201415 was the development of Play.Sport.Australia. Play.Sport.Australia. was launched in March 2015 and has three key aims to have more Australians particularly young Australians participating in sport more often year-on-year membership and participation growth for all sports and well-governed strategic commercially strong sporting organisations delivering the sports opportunities Australians want. During the year some additional grant funding was made available for NSOs to support participation and capability projects including Sporting Schools support. This was an excellent outcome for Australian sport. The Board continued to work closely with ASC management in the development and roll out of a pilot for Sporting Schools while also transitioning out of the AASC programme which concluded in December 2014. The Sporting Schools programme will be rolled out throughout 201516 witha focus on strengthening the connection between 5700 schools and sport. Continued development of the Australias Winning Edge high performance investment model saw the Board monitor targets and assess investment requirements to maintain clear performance outcomes. The Board is also playing an important role in overseeing the ASCs commercialisation opportunities so that we can continue to invest in sport and support ourathletes. The Board oversaw the update and expansion of the ASCs Mandatory Sports Governance Principles during the year increasing the number of NSOs bound by the principles and encouraging best practice within NSOs to improve sport within Australia. Under the guidance of the Board the ASC has also been working closely with NSOs in areas such as capability building commercialisation technology and women in sport. Continuing its strategic focus the Board considered significant issues facing Australian sport and the ASC more specifically. These discussions informed the development of the ASCs 201519 Corporate Plan and 201516 Annual Operational Plan and identified a number of keystrategic items that will be the focus of Board attention over the year ahead. Other activities overseen by the Board included a range of ASC governance and compliance related matters such as the endorsement of the ASCs Financial Statements and reporting on the 201314 compliance requirements in accordance with the Commonwealth Authorities and Companies Act 1997. 76 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY Table 14 ASC Board meeting attendance Name Position Meetings eligible to attend Meetings attended John Wylie am Chair 9 9 David Gallop Deputy Chair 3 3 Mark Stockwell Deputy Chair 9 9 Alisa Camplin-Warner oam Member 9 9 Sally Carbon oam Member 1 1 Liz Ellis am Member 1 1 Andrew Fraser Member 2 2 John Lee Member 9 7 Margy Osmond Member 4 3 Andrew Plympton Member 9 9 Ken Ryan am Member 9 6 Hon. Patrick Farmer am Member 6 5 Martin Bowles psm Ex-officio 8 4 David Learmonth psm Ex-officio acting 1 1 Jennifer Morris Member 0 0 Steve Moneghetti am Member 0 0 Katherine Bates Member 0 0 appointed Secretary to Health on 13 October 2014 acting Secretary of Health appointed 22 June 2015 77 Board committees Finance Audit and Risk Committee The ASC Finance Audit and Risk Committee advises the Board on matters relating to ASC financial management and strategic planning efficiency physical assets risk management and all aspects of internal and external audit and compliance matters as well as NSO finances. During the reporting period the Committee chaired by Andrew Plympton continued to have a particular focus on reviewing and reporting on NSO finances reviewing the ASCs financial statements monitoring the ASCs PGPA Act legislative compliance and overseeing the internal audit programme. The Finance Audit and Risk Committee met on seven occasions during 201415 including meetings where members participated by teleconference. Table 15 ASC Finance Audit and Risk Committee attendance Name Position Meetings eligible to attend Meetings attended Andrew Plympton Chair 7 7 Liz Ellis am Member 1 1 Andrew Fraser Member 2 2 Ken Ryan am Member 5 5 Robert Dalton Member 7 6 Governance and Executive Performance Committee The ASC Governance and Executive Performance Committee advises the Board on better practice corporate governance for the ASC and NSOs and on executive performance and remuneration issues. During the reporting period the Committee focused on monitoring NSO compliance with the ASCs Mandatory Sports Governance Principles reviewed and established performance objectives for the ASC CEO and senior executives considered the committee structures and skills mix of the Board and Committees reviewed arrangements for succession planning and performance development and tracked Board member conflicts of interest. The Governance and Executive Performance Committee met four times in 201415. 78 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY Table 16 ASC Governance and Executive Performance Committee member meeting attendance Name Position Meetings eligible to attend Meetings attended John Wylie am Chair 4 4 Sally Carbon oam Member 1 1 John Lee Member 4 4 Andrew Plympton Member 4 4 Commercialisation Innovation and Technology Committee The ASC Commercialisation Innovation and Technology Committee operated in 201415 to advise the Board and ASC management on opportunities in commercialisation innovation and technology relating to Australian sport. The Committee worked with ASC management to explore develop and monetise commercial opportunities examine and determine innovation opportunities for implementation and take a leadership position on technology opportunities. The Committee focused on building the capacity of NSOs improving the capability of the ASC to measure and monitor and providing a revenue platform for the ASC and its sport partners. The Committee also considered other relevant priorities that presented a threat or opportunity for the organisation in the short to medium term including shared services digital ecosystems and the commercialisation of intellectual property. The Commercialisation Innovation and Technology Committee met on three occasions between 1 July 2014 and March 2015 at which time the Committee was discontinued. Table 17 ASC Commercialisation Innovation and Technology Committee member meetingattendance Name Position Meetings eligible to attend Meetings attended Margy Osmond Chair 3 3 Alisa Camplin-Warner oam Member 3 3 Ken Ryan am Member 2 1 David Gallop Member 2 1 79 Risk management internal audit fraud control andinsurance Risk management The ASCs risk management framework assists the ASC to manage the risks involved in its activities to optimise opportunities and minimise adverse consequences. At the highest level the ASCs strategic risk register highlights the key strategic risks and controls while the business continuity and emergency response plan internal audit programme and fraud control plan are important components of the risk management framework. Key risk management activities undertaken during 201415 included quarterly review and reporting against the ASCs strategic risk register further maturing risk management processes with closer links between risk management and ASC business planning completion of the Comcover risk management benchmarking survey reviewing and updating the business continuity and emergency response plans. Internal audit The ASCs internal audit programme provides independent management-orientated advice on the ASCs operations and performance. The objective of internal audit is to provide assurance to the ASC Executive and the Finance Audit and Risk Committee that the key risks to achieving the ASCs objectives are being appropriately mitigated assist management to continuously improve business performance. During 201415 the ASC continued its contractual relationship with PricewaterhouseCoopers for delivery of the internal audit programme. The annual internal audit plan focused on key areas of strategic and operational risk and the development of the plan was informed by discussions with management business planning and the ASCs assurance map. Throughout the year the Finance Audit and Risk Committee maintained oversight of the internal audit programme and implementation of open internal audit recommendations. The following audits were completed during 201415 as part of the ASCs internal audit programme information security monitoring of NSOs financial sustainability intellectual property and copyright. 80 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY Fraud The ASC has fulfilled its requirements in relation to fraud control taking all reasonable measuresto minimise the incidence of fraud and to investigate and to the extent possible recover the proceeds of fraud against the Commission. The ASC has documented fraud risk assessments and fraud control plans and has in place appropriate fraud prevention detection investigation reporting and data collection procedures and processes to meet the specific needs of the organisation. Specifically during 201415 the ASC reviewed and updated its fraud control plan fraud risk assessment and fraud control policy to reflect better practice as outlined within the Commonwealth Fraud Control Framework. The ASC also revised its fraud awareness training package and required all ASC ongoing and fixed-term staff to complete the course. During the reporting period three instances of suspected fraud were reported to the ASC and addressed in accordance with the ASCs fraud control plan. Indemnities and insurance premiums for officers The ASC is insured through the Australian Governments self-managed fund Comcover. Suchinsurance includes directors and officers liability cover to the extent permitted by the PGPA Act. The entire premium is paid by the ASC. In 201415 the ASC did not give any indemnity to a current or former officer of the ASC. External scrutiny Judiciary decisions There were no judicial decisions or decisions of administrative tribunals during 201415 that hador may have significant impact on the operations of the ASC. No reports were issued about the authority by the Auditor General a parliamentary committee Commonwealth Ombudsman or the Office of the Australian Information Commissioner. Privacy In 201314 the ASC received a complaint through the Office of the Australian Information Commissioner OAIC that it had breached the privacy of an individual. This complaint was closedby the OAIC in 201415 with a finding that the ASC had not interfered with the complainants privacy. 81 Freedom of Information The ASC received 14 Freedom of Information FoI requests in 201415. Three requests were granted in full two were granted in part three were refused three were withdrawn and three are ongoing. One request that was granted in part is now being reviewed by the Information Commissioner. One ongoing request was subject to ASC internal review which determined that an applicant was entitled to a reduction in costs for processing an FoI request. Processing times were met in all completed requests. As defined by section 82 of theFreedom of Information Act 1982 the ASC has continued to publish on its website the information required by the Information Publication Scheme. Other statutory requirements Environment and heritage The ASC Environmental Management System is based on the International Standard for Environmental Management Systems ISO 14012004. It comprises policy objectives targets and procedures for monitoring and review. A fundamental goal of the ASCs Environmental Policy is to comply with Australian Government environmental policies initiatives and legislativerequirements. Throughout 201415 the ASC monitored its energy and water usage and implemented specific environmental initiatives. Key activities and achievements included electricity usage energy reductions of 9.8 per cent in 201415 benchmarked against a seven-year running average beginning in 200607 when last major buildings came on line gas usage reductions of 4.5 per cent in 201415 benchmarked against a seven-year running average beginning in 200607 when last major buildings came on line a decrease in water consumption of approximately 8.9 per cent in 201415. This has been calculated using a two-year rolling average for current year results benchmarked against a seven-year average beginning in 200708 continuation of a programme to change facility and external lighting to more energy efficient systems with improved lighting controls reflected within reduced electricity consumption 70 per cent recycling targets met including through continuation of recycling initiatives incorporated into the cleaning and catering contracts with recent enhancements to bin ratios 82 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 3 ACCOUNTABILITY recycling organic waste from the AIS dining hall kitchen facilities and cafe to an on-site worm farm the project was highly commended in the ACTSmart award for innovation excellence in June 2015 recycling initiatives re-accredited under the ACT Governments ACTSmart recycling programme for the AIS Arena and the AIS Visitor Centre and continued work to achieve accreditation for the entire AIS campus in Bruce. The ASC has continued to enhance its capability to identify and manage its buildings and artefacts of heritage or cultural significance. In the past year the ASC has submitted and had approved by the Minister for the Environment a Heritage Review to maintain compliance with s.341ZA6 of the Environment Protection and Biodiversity Conservation Act 1999 continued operation of the ASC Heritage and Culture Committee to oversee the ASCs heritage commitments managed and maintained its heritage items including statues and sport uniform collection produced exhibitions and displays of items of significance to the history of the AIS and of Australian sport preserved items including signage and uniforms relating to the historic AIS brand whichwas replaced in 2014 provided ongoing maintenance of ASC properties. No property with heritage values was acquired or disposed of during 201415. 83 84 04 C H A P T E R 85 86 f i n a n c i a l p e r f o r m a n c e Summary of financial outcomes Financial position 87 Asset management 87 86 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE Summary of financial outcomes The ASC incurred an operating loss of 4.2 million in 201415. The key factors contributing to this loss were an unfunded depreciation expense as a result of revaluations to land buildings property plants and equipment since 2010 timing differences between recognition of expenses incurred in 201415 and associated revenue from external parties received in prior years increased high performance research grants being paid out in the year due to a carry-over of funding not spent in 201314. Table 18 compares the 201415 results to 201314 and to Original Budget estimates. Key results against 201314 are primarily within revenue and grants. The increase in revenue across years is primarily driven by an agreement with the Department of Health to deliver participation and high performance outcomes. The increase in grant expenses was due to higher high performance and participation grants paid out from this additional funding. The overall ASC performance against the Original Budget position is detailed in Note 19 of the financial statements. Table 18 Comparison of actual results for 201415 with the 201415 Original Budget and actual results for 201314 Actual 201415 m Actual 201314 m Variance m Actual 201415 m Original budget 201415 m Variance m Income 311.4 297.8 13.6 311.4 296.1 15.3 Expenses 315.6 307.1 8.5 315.6 303.7 11.9 SurplusDeficit -4.2 -9.3 5.1 -4.2 -7.6 3.4 Note Budget figures are based on the 201415 Portfolio Budget Statements. 87 Financial position Key indicators of the health of the ASCs financial position are demonstrated by its ability to sustain its asset base pay debts as they fall due in the short-term and maintain prudent levelsof long-term liabilities. The ability of the ASC to sustain its asset base is indicated by changes in net assets. Figure 2 shows that net assets are stable in relation to 201415 and theforward estimates. Chart 2 Net asset position actual results and budgeted financial year estimates 000s Asset management While the financial position of the ASC is considered to be sound the Commission is reviewing its ongoing capital funding for the refurbishment and replacement of buildings and infrastructure plant and equipment to ensure the requirements and strategic direction of the ASC into the forward years. Note Budget and forward estimates are based on the figures published in the 2015-16 Portfolio BudgetStatements Net assets Assets Liabilities 201415 ACTUAL 201516 BUDGET 201617 FORWARD ESTIMATE 201718 FORWARD ESTIMATE 201819 FORWARD ESTIMATE 286975 306882 19907 293023 312544 19521 299071 319288 20217 314599 330935 16336 286975 307280 20305 88 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 89 90 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 91 92 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 2015 2014 Notes 000 000 NET COST OF SERVICES EXPENSES Employee benefits 3A 66625 75142 Suppliers 3B 45107 44621 Grants 3C 179928 164036 Depreciation and amortisation 3D 21841 21625 Write-down and impairment of assets 3E 748 1188 Foreign exchange losses 3F 72 23 Losses from sale of assets 3G - 64 Other expenses 3H 1244 401 TOTAL EXPENSES 315565 307100 OWN-SOURCE INCOME Own-source revenue Sale of goods and rendering of services 4A 40792 27629 Interest 4B 3623 3753 Rental income 4C 137 71 Other revenue 4D 626 299 Total own-source revenue 45178 31752 Gains Reversals of asset write-downs and impairments 4E 75 161 Gain from sale of assets 3G 56 - Total gains 131 161 TOTAL OWN-SOURCE INCOME 45309 31913 NET COST OF SERVICES 270256 275187 Revenue from Government 4F 266068 265914 SURPLUS DEFICIT 4188 9273 OTHER COMPREHENSIVE INCOME ITEMS NOT SUBJECT TO SUBSEQUENT RECLASSIFICATION TO NET COST OF SERVICES Changes in asset revaluation reserves 6956 5521 TOTAL OTHER COMPREHENSIVE INCOME 6956 5521 TOTAL COMPREHENSIVE INCOME LOSS 2768 3752 The above statement should be read in conjunction with the accompanying notes. AUSTRALIAN SPORTS COMMISSION STATEMENT OF COMPREHENSIVE INCOME For the year ended 30 June 2015 93 2015 2014 Notes 000 000 ASSETS Financial assets Cash and cash equivalents 5A 11798 12914 Trade and other receivables 5B 5092 6814 Investments 5C 65000 60077 Loans 5D 2721 - Total financial assets 84611 79805 Non-financial assets Land and buildings 6AC 227555 233386 Property plant and equipment 6BC 12343 12587 Intangibles 6DE 4210 2526 Inventories 6F 467 486 Other non-financial assets 6G 1749 2610 Total non-financial assets 246324 251595 TOTAL ASSETS 330935 331400 LIABILITIES Payables Suppliers 7A 2764 2113 Grant payables 7B 40 1608 Other payables 7C 1213 3165 Total payables 4017 6886 Provisions Employee provisions 8A 12241 14038 Other provisions 8B 78 145 Total provisions 12319 14183 TOTAL LIABILITIES 16336 21069 NET ASSETS 314599 310331 EQUITY Contributed equity 150210 148710 Reserves 183905 176949 Retained surplus accumulated deficit 19516 15328 TOTAL EQUITY 314599 310331 The above statement should be read in conjunction with the accompanying notes. AUSTRALIAN SPORTS COMMISSION STATEMENT OF FINANCIAL POSITION As at 30 June 2015 94 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 20152014201520142015201420152014 000000000000000000000000 Openingbalance Balancecarriedforwardfrompreviousperiod153286055176949171428148710148710310331314083 Adjustedopeningbalance153286055176949171428148710148710310331314083 Comprehensiveincome Othercomprehensiveincome--69565521--69565521 Surplusdeficitfortheperiod41889273----41889273 Totalcomprehensiveincome4188927369565521--27683752 Transactionswithowners Contributionsbyowners Appropriationequityinjection----1500-1500- Totaltransactionswithowners----1500-1500- Closingbalanceattributabletothe AustralianGovernment1951615328183905176949150210148710314599310331 Theabovestatementshouldbereadinconjunctionwiththeaccompanyingnotes Contributed equitycapitalTotalequity AUSTRALIANSPORTSCOMMISSION STATEMENTOFCHANGESINEQUITY Fortheyearended30June2015 Retainedsurplusaccumulated deficit Assetrevaluation reserve 95 2015 2014 Notes 000 000 OPERATING ACTIVITIES Cash received Sale of goods and rendering of services 44465 28919 Receipts from Government 266068 265914 Interest 3791 3689 Net GST received 18077 17090 Total cash received 332401 315612 Cash used Employees 70810 76978 Suppliers 49594 51585 Grants 195475 182872 Total cash used 315879 311435 Net cash from used by operating activities 9 16522 4177 INVESTING ACTIVITIES Cash received Proceeds from sales of property plant and equipment 1177 1060 Loans 9 - Total cash received 1186 1060 Cash used Purchase of property plant and equipment 12701 12364 Loans 2700 - Total cash used 15401 12364 Net cash from used by investing activities 14215 11304 FINANCING ACTIVITIES Cash received Appropriations - contributed equity 1500 - Total cash received 1500 - Net cash from or used by financing activities 1500 - Net increase decrease in cash held 3807 7127 Cash and cash equivalents at the beginning of the reporting period 72991 80118 Cash and cash equivalents at the end of the reporting period 9 76798 72991 The above statement should be read in conjunction with the accompanying notes. AUSTRALIAN SPORTS COMMISSION CASH FLOW STATEMENT For the year ended 30 June 2015 96 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 2015 2014 000 000 BY TYPE Commitments receivable Operating lease income 303 666 Sponsorship 520 451 Net GST receivable on commitments 180 166 Other commitments receivable - 14866 Total commitments receivable 1003 16149 Commitments payable Capital commitments Property plant and equipment1 281 129 Total capital commitments 281 129 Other commitments Operating leases2 4100 4858 Loans payable 1050 - Other commitments 2495 2067 Total other commitments 7645 6925 Total commitments payable 7926 7054 Net commitments receivable payable by type 6923 9095 BY MATURITY Commitments receivable Operating lease income One year or less 154 154 From one to five years 149 410 Over five years - 102 Total operating lease income 303 666 Other commitments receivable One year or less 454 7237 From one to five years 66 8080 Over five years - - Total other commitments receivable 520 15317 Net GST receivable on commitments One year or less 181 216 From one to five years 1 41 Over five years - 9 Total GST receivable on commitments 180 166 Total commitments receivable 1003 16149 The above schedule should be read in conjunction with the accompanying notes. AUSTRALIAN SPORTS COMMISSION SCHEDULE OF COMMITMENTS As at 30 June 2015 97 2015 2014 000 000 Commitments payable Capital commitments One year or less 281 129 From one to five years - - Over five years - - Total capital commitments 281 129 Operating lease commitments One year or less 974 1311 From one to five years 2824 2495 Over five years 302 1052 Total operating lease commitments 4100 4858 Other commitments One year or less 3545 2067 From one to five years - - Over five years - - Total other commitments 3545 2067 Total commitments payable 7926 7054 Net commitments by maturity 6923 9095 Note Commitments are GST inclusive where relevant. The above schedule should be read in conjunction with the accompanying notes. 2 Operating lease commitments comprise contractual obligations for offices accommodation motor vehicles and the lease obligation under the Heads of Agreement for the European Training Centre in Varese Italy. The lease payments for offices are subject to annual increases in accordance with upward movements in the Consumer Price Index. The lease obligation for the European Training Centre is based on the final construction costs for the facility. With respect to motor vehicle leases there are no renewal or purchase options available. 1 Outstanding contractual commitments for property plant and equipment purchases. AUSTRALIAN SPORTS COMMISSION SCHEDULE OF COMMITMENTS As at 30 June 2015 98 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 Note 1 Summary of significant accounting policies Note 2 Events after the reporting period Note 3 Expenses Note 4 Own-source income Note 5 Financial assets Note 6 Non-financial assets Note 7 Payables Note 8 Provisions Note 9 Cash flow reconciliation Note 10 Fair value measurement Note 11 Contingent assets and liabilities Note 12 Related party disclosures Note 13 Senior management personnel remuneration Note 14 Remuneration of auditors Note 15 Financial instruments Note 16 Financial assets reconciliation Note 17 Assets held in trust Note 18 Reporting of outcomes Note 19 Budgetary reports and explanations of major variances AUSTRALIAN SPORTS COMMISSION 99 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 Note 1 Summary of significant accounting policies 1.1 Objectives of the Australian Sports Commission The Australian Sports Commission the Commission is an Australian Government controlled entity. It is a not- for-profit entity. The objective of the Commission is to provide leadership coordination and support for Australian sport. The Commission promotes and supports the development of a cohesive and effective national sports sector that creates opportunities for all Australians to participate and excel in sport. The Commission aims to improve participation in sport excellence in sports performance and continued international success. The Commission is structured to meet two outcomes Outcome 1 Improved participation in structured physical activity particularly organised sport at the community level including through leadership and targeted community-based sports activity. Outcome 2 Excellence in sports performance and continued international sporting success by talented athletes and coaches including through leadership in high-performance athlete development and targeted science and research The continued existence of the Commission in its present form and with its present program is dependent on Government policy and on continuing funding by Parliament for the Commissions administration and program. Comparative Revisions Comparative information has been revised where appropriate to enhance comparability. The comparative information revisions have had no impact on total assets total liabilities and net cost of services. 1.2 Basis of preparation of the Financial Statements The financial statements are general purpose financial statements and are required by section 42 of the Public Governance Performance and Accountability Act 2013 PGPA Act. The financial statements and notes have been prepared in accordance with Financial Reporting Rule FRR for reporting periods ending on or after 1 July 2014 and Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board AASB that apply for the reporting period. The financial statements have been prepared on an accrual basis and in accordance with the historical cost convention except for certain assets and liabilities at fair value. Except where stated no allowance is made for the effect of changing prices on the results or the financial position. 100 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 The financial statements are presented in Australian dollars and values are rounded to the nearest thousand dollars unless otherwise specified. Unless an alternative treatment is specifically required by an accounting standard or the FRR assets and liabilities are recognised in the Statement of Financial Position when and only when it is probable that future economic benefits will flow to the Commission or a future sacrifice of economic benefits will be required and the amounts of the assets or liabilities can be reliably measured. However assets and liabilities arising under executory contracts are not recognised unless required by an accounting standard. Liabilities and assets that are unrecognised are reported in the schedule of commitments or the contingencies note. Unless an alternative treatment is specifically required by an accounting standard income and expenses are recognised in the Statement of Comprehensive Income when and only when the flow consumption or loss of economic benefits has occurred and can be reliably measured. 1.3 Significant accounting judgements and estimates In the process of applying the accounting policies listed in this note the Commission has made the following judgements that have the most significant impact on the amounts recorded in the financial statements a The fair value of buildings has been taken to be the depreciated replacement cost as determined by an independent valuer. The Commission uses this valuation methodology as the buildings are purpose built and may in fact realise more or less than the market value. b The Commission assesses impairment of all assets at each reporting date by evaluating conditions specific to the Commission and to the particular asset that may lead to impairment. If an impairment trigger exists then the recoverable amount is restated. No accounting assumptions or estimates have been identified that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next accounting period. 1.4 New Australian Accounting Standards Adoption of new Australian Accounting Standard Requirements No accounting standard has been adopted earlier than the application date as stated in the standard. The following new standards amendments to standards or interpretations were issued prior to the signing of the Statement by the Chair of the Board Chief Executive Officer and the Chief Financial Officer and are applicable to the current reporting period and had a material effect on the entitys financial statements AASB 1055 Budgetary Reporting which requires the reporting of budgetary information by the not-for- profit sector within the General Government sector including the original budget presented to Parliament the variance of actual figures from the budget figures and explanations of all significant variances. Retrospective application was not required for this standard. 101 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 AASB 1031 Materiality which provided quantitative and qualitative guidance on how to determine if transactions and balances were material has been withdrawn by the AASB. It has been re-issued as an interim note which only requires parties to abide by the requirements of AASB 108 Accounting Policies Changes in Accounting Estimates and Errors and AASB 101 Presentation of Financial Statements when assessing materiality. All other new revised or amended standards that were issued prior to the signing of the Statement by the Chair of the Board Chief Executive Officer and the Chief Financial Officer and are applicable to the current reporting period did not have a material effect and are not expected to have a future material effect on the Commissions financial statements. Future Australian Accounting Standard Requirements The following new standards amendments to standards or interpretations were issued by the Australian Accounting Standards Board prior to the signing of the Statement by the Chair of the Board Chief Executive Officer and Chief Financial Officer and are expected to have a financial impact on the Commission for future reporting periods. AASB 9 Financial instruments applicable from the year ending 30 June 2018 represents the first phase of a three-phase process to replace AASB 139 Financial Instruments Recognition and Measurement. The standard reduces the four categories of financial asset to two amortised cost and fair value. Given the make-up of the Commissions financial assets amortised cost items such as loans receivables term deposits the new standard is not expected to impact its treatment or valuation of these assets. Other reissued standards and amendments that were issued prior to the signing of the Statement by the Chair of the Board Chief Executive Officer and the Chief Financial Officer and are applicable to the future reporting periods are not expected to have a future financial impact on the Commission. 1.5 Revenue Revenue from the sale of goods is recognised when the risks and rewards of ownership have been transferred to the buyer the Commission retains no managerial involvement or effective control over the goods the revenue and transaction costs incurred can be reliably measured and it is probable that the economic benefits associated with the transaction will flow to the Commission. Revenue from the rendering of services is recognised by reference to the stage of completion of contracts at the reporting date. The revenue is recognised when the amount of revenue stage of completion and transaction costs incurred can be reliably measured and the probable economic benefits associated with the transaction will flow to the Commission. 102 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 The stage of completion of contracts at the reporting date is determined by reference to the proportion that costs incurred to date bear to the estimated total costs of the transaction. Receivables for goods and services which have 30 day terms are recognised at the nominal amounts due less any impairment allowance account. Collectability of debts is reviewed at the end of the reporting period. Allowances are made when collectability of the debt is no longer probable. Interest revenue is recognised using the effective interest method as set out in AASB 139 Financial Instruments Recognition and Measurement. Resources received free of charge Resources received free of charge are recognised as revenue when and only when a fair value can be reliably determined and the services would have been purchased if they had not been donated. Use of those resources is recognised as an expense. Resources received free of charge are recorded as either revenue or gains depending on their nature. Revenue from Government Funding received or receivable from non-corporate Commonwealth entities appropriated to the entity as a Corporate Commonwealth entity payment item for payment to the Commission is recognised as Revenue from Government unless they are in the nature of an equity injection or a loan. Contributions received Revenue arising from the contribution of an asset to the Commission including sponsorship is recognised when the Commission obtains control of the contribution or has the right to receive the contribution it is probable that the economic benefits comprising the contribution will flow to the entity and the amount of the contribution can be reliably measured. Revenue is recognised irrespective of whether restrictions or conditions are imposed on the use of the contribution. 1.6 Gains Resources received free of charge Resources received free of charge are recognised as gains when and only when a fair value can be reliably determined and the services would have been purchased if they had not been donated. Use of those resources is recognised as an expense. Resources received free of charge are recorded as either revenue or gains depending on their nature. Contributions of assets at no cost of acquisition or for nominal consideration are recognised as gains at their fair value when the asset qualifies for recognition. 103 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 Sale of assets Gains from disposal of non-current assets are recognised when control of the asset has passed to the buyer. 1.7 Transactions with the Government as owner Equity injections Amounts which are designated as equity injections for a year are recognised directly in contributed equity in that year. Other distributions to owners Other distributions to owners are debited to contributed equity unless in the nature of a dividend. 1.8 Employee benefits Liabilities for short-term employee benefits as defined in AASB 119 Employee Benefits and termination benefits expected within twelve months of the end of the reporting period are measured at their nominal amounts. The nominal amount is calculated with regard to the rates expected to be paid on settlement of the liability. Leave The liability for employee benefits includes provision for annual leave and long service leave. No provision has been made for sick leave as all sick leave is non-vesting and the average sick leave taken in future years by employees of the Commission is estimated to be less than the annual entitlement for sick leave. The leave liabilities are calculated on the basis of employees remuneration at the estimated salary rates that will be applied at the time the leave is taken including the Commissions employer superannuation contribution rates to the extent that the leave is likely to be taken during service rather than paid out on termination. The liability for long service leave and annual leave has been determined by reference to the work of an actuary as at 30 June 2015. The estimate of the present value of the liability takes into account attrition rates and pay increases through promotion and inflation. Separation and redundancy A liability is recognised for separation and redundancy benefit payments. The entity recognises a liability for termination when it has developed a detailed formal plan for the terminations or when an offer is made to an employee and is accepted. Superannuation Staff of the Commission are members of the Commonwealth Superannuation Scheme CSS the Public Sector Superannuation Scheme PSS the PSS accumulation plan PSSap Australian Super CARE Superannuation CBUS Industry Super Pty Ltd Health Employees Super Trust HESTA Media Super MEDIA and Labour Union Co-operative Retirement Fund LUCRF. 104 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 The CSS and PSS are defined benefit schemes for the Australian Government. The remaining funds are defined contribution schemes. The liability for defined benefits is recognised in the financial statements of the Australian Government and is settled by the Australian Government in due course. This liability is reported in the Department of Finances administered schedules and notes. The Commission makes employer contributions to the employee superannuation schemes at rates determined by an actuary to be sufficient to meet the current cost to the Government of the superannuation entitlements of the Commissions employees. The Commission accounts for the contributions as if they were contributions to defined contribution plans. The liability for superannuation recognised as at 30 June represents outstanding contributions for the year. 1.9 Leases A distinction is made between finance leases and operating leases. Finance leases effectively transfer from the lessor to the lessee substantially all the risks and rewards incidental to ownership of leased assets. An operating lease is a lease that is not a finance lease. In operating leases the lessor effectively retains substantially all such risks and benefits. The Commission does not have any finance leases. Operating lease payments are expensed on a straight-line basis which is representative of the pattern of benefits derived from the leased assets. 1.10 Fair value measurement The Commission deems transfers between levels of the fair value hierarchy to have occurred at the date of the event or change in circumstances that caused the transfer. 1.11 Cash Cash is recognised at its nominal amount. Cash and cash equivalents include cash on hand and demand deposits in bank accounts that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value. All term deposits held by the Commission are classified as held-to-maturity investments and are discussed below under financial assets. 1.12 Financial assets The Commission classifies its financial assets in the following categories 105 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 held-to-maturity investments and loans and receivables. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. Financial assets are recognised and derecognised upon trade date. Effective interest method The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset or where appropriate a shorter period. Income is recognised on an effective interest rate basis. Held-to-maturity investments Non-derivative financial assets with fixed or determinable payments and fixed maturity dates that the Commission has the positive intent and ability to hold to maturity are classified as held-to-maturity investments. Held-to-maturity investments include all term deposits held by the Commission and are initially recognised at fair value and subsequently recorded at amortised cost using the effective interest method less impairment with revenue recognised on an effective yield basis. Loans and receivables Trade receivables loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as loans and receivables. Loans and receivables are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method less impairment. Interest is recognised by applying the effective interest rate. Loans and other receivables provided on more favourable terms than the borrower could obtain in the market place contain a concessional discount. If material the concessional loan is initially recognised at fair value and the difference between notional and fair values is expensed upon initial recognition. Concessional loans are subsequently amortised using the effective interest rate method. Loans and receivables primarily comprise receivables for goods and services loans and accrued revenue. Impairment of financial assets Financial assets held at amortised cost are assessed for impairment at the end of each reporting period. If there is objective evidence that an impairment loss has been incurred for loans and receivables or held-to-maturity investments held at amortised cost the amount of the loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. The carrying amount is reduced by way of an allowance account. The loss is recognised in the Statement of Comprehensive Income. 106 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 1.13 Financial liabilities The Commission classifies its financial liabilities as other financial liabilities and does not recognise any financial liabilities as financial liabilities at fair value through profit or loss that are subsequently measured at fair value. Financial liabilities are recognised and derecognised upon trade date. Other financial liabilities Other financial liabilities are initially measured at fair value net of transaction costs. These liabilities are subsequently measured at amortised cost using the effective interest method with interest expense recognised on an effective yield basis. The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability or where appropriate a shorter period. Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that the goods or services have been received irrespective of having been invoiced. 1.14 Contingent liabilities and contingent assets Contingent liabilities and contingent assets are not recognised in the Statement of Financial Position but are reported in the notes. They may arise from uncertainty as to the existence of a liability or asset or represent an asset or liability in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain and contingent liabilities are disclosed when settlement is greater than remote. 1.15 Financial guarantee contracts Financial guarantee contracts are accounted for in accordance with AASB 139 Financial Instruments Recognition and Measurement. They are not treated as a contingent liability as they are regarded as financial instruments outside the scope of AASB 137 Provisions Contingent Liabilities and Contingent Assets. 1.16 Acquisition of assets Assets are recorded at cost on acquisition except as stated below. The cost of acquisition includes the fair value of assets transferred in exchange and liabilities undertaken. Financial assets are initially measured at their fair value plus transaction costs where appropriate. Assets acquired at no cost or for nominal consideration are initially recognised as assets and income at their fair value at the date of acquisition. 107 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 1.17 Property plant and equipment Asset recognition threshold Purchases of property plant and equipment are recognised initially at cost in the Statement of Financial Position except for purchases costing less than 2000 which are expensed in the year of acquisition other than where they form part of a group of similar items which are significant in total or are purchases of computer equipment. The initial cost of an asset includes an estimate of the cost of dismantling and removing the item and restoring the site on which it is located. This is particularly relevant to make-good provisions in property leases taken up by the Commission where there exists an obligation to restore the property to its original condition. These costs are included in the value of the Commissions leasehold improvements with a corresponding provision for the make-good recognised. Revaluations Fair values for each class of asset are determined as shown below Asset Class Sub-class Land Market selling price Land improvements Depreciated replacement cost Buildings excluding leasehold improvements Depreciated replacement cost Leasehold improvements Depreciated replacement cost Property plant and equipment Market selling price and depreciated replacement cost Following initial recognition at cost property plant and equipment are carried at fair value less subsequent accumulated depreciation and accumulated impairment losses. Valuations are conducted with sufficient frequency to ensure that the carrying amounts of assets do not differ materially from the assets fair values as at the reporting date. The regularity of independent valuations depends upon the volatility of movements in market values for the relevant assets. Revaluation adjustments are made on a class basis. Any revaluation increment is credited to equity under the heading of asset revaluation reserve except to the extent that it reverses a previous revaluation decrement of the same asset class that was previously recognised through operating result. Revaluation decrements for a class of asset are recognised directly through operating result except to the extent that they reverse a previous revaluation increment for that class. Any accumulated depreciation as at the revaluation date is restated proportionately with the change in the gross carrying amount of the asset so that the carrying amount of the asset after revaluation equals its re-valued amount. 108 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 Depreciation Depreciable property plant and equipment assets are written-off to their estimated residual values over their estimated useful lives to the Commission using in all cases the straight-line method of depreciation. Depreciation rates useful lives residual values and methods are reviewed at each reporting date and necessary adjustments are recognised in the current or current and future reporting periods as appropriate. Depreciation rates applying to each sub-class of depreciable asset are based on the following useful lives Asset Class Sub-class 2015 2014 Buildings Buildings 3 - 75 years 3 - 75 years Land improvements Land improvements 15 - 40 years 15 - 40 years Leasehold improvements Leasehold improvements Lease term Lease term Property plant and equipment Furniture fittings plant and equipment 4 - 25 years 4 - 25 years Property plant and equipment Computer hardware 3 - 5 years 3 - 5 years Property plant and equipment Marine fleet 2 - 20 years 2 - 20 years Property plant and equipment Motor vehicles 2 - 10 years 2 - 10 years Impairment All assets were assessed for impairment at 30 June 2015. Where indications of impairment exist the assets recoverable amount is estimated and an impairment adjustment made if the assets recoverable amount is less than its carrying amount. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Value in use is the present value of the future cash flows expected to be derived from the asset. Where the future economic benefit of an asset is not primarily dependent on the assets ability to generate future cash flows and the asset would be replaced if the Commission were deprived of the asset its value in use is taken to be its depreciated replacement cost. Derecognition An item of property plant and equipment is derecognised upon disposal or when no further future economic benefits are expected from its use or disposal. 1.18 Intangibles The Commissions intangibles comprise purchased software and internally-developed software for internal use. 109 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 Purchases of intangibles are recognised initially at cost in the Statement of Financial Position except for purchases costing less than 5000 or 250000 in the case of internally developed software which are expensed in the year of acquisition other than where they form part of a group of similar items which are significant in total. These assets are carried at cost less accumulated amortisation and accumulated impairment losses. Software is amortised on a straight-line basis over its anticipated useful life. The useful lives of the Commissions software are 3 to 7 years 2014 3 to 7 years. All software assets were assessed for indications of impairment as at 30 June 2015. 1.19 Inventories Inventories held for sale are valued at the lower of cost and net realisable value. Inventories held for distribution are valued at cost adjusted for any loss of service potential. Inventories acquired at no cost or for nominal consideration are initially measured at current replacement cost at the date of acquisition. 1.20 Taxation The Commission is exempt from all forms of taxation except Fringe Benefits Tax FBT and the Goods and Services Tax GST. Revenues expenses liabilities and assets are recognised net of GST except where the amount of GST incurred is not recoverable from the Australian Taxation Office and for receivables and payables. 1.21 Grants Grant expenses and liabilities are recognised to the extent that i the services required to be performed by the grantee have been performed or ii the grant eligibility criteria have been satisfied but payments due have not been made. A commitment is recorded when the Commission enters into an agreement to make these grants but services have not been performed or criteria satisfied. Where some or all of a grant is required to be repaid the Commission recognises the amount to be repaid or due to be repaid as i a reduction in grant expenses if the repayment of grant monies arises in the same financial year that the grant expense was incurred or ii an increase in income if the grant expense was incurred in a prior financial year. 110 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 1.22 Foreign currency Transactions denominated in a foreign currency are converted at the exchange rate at the date of the transaction. Foreign currency receivables and payables are translated at the exchange rates current as at the end of the financial year. Net foreign exchange gains and losses both realised and unrealised arising from foreign currency transactions are reported in the Statement of Comprehensive Income. 111 For the year ended 30 June 2015 Note 2 Events after the reporting period AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS There were no events occuring after reporting date which would significantly affect the ongoing structure and financial activities of the Commission. 112 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 2015 2014 000 000 Note 3 Expenses Note 3A Employee benefits Wages and salaries 50572 59779 Superannuation Defined contribution plans 4932 3962 Defined benefit plans 3450 5601 Leave and other entitlements 4915 5083 Separation and redundancies 2756 717 Total employee benefits 66625 75142 Note 3B Suppliers Goods and services Consultants and contractors 14201 11049 Travel 3545 4952 Property operating 11183 11149 Materials 4573 4526 Communications and IT 3349 3254 Other 5486 6626 Total goods and services 42337 41556 Goods and services are made up of Provision of goods external parties 3233 3836 Rendering of services related entities 2715 3536 Rendering of services external parties 36389 34184 Total goods and services 42337 41556 Other suppliers Operating lease rentals external parties Minimum lease payments 1870 2338 Workers compensation expenses 900 727 Total other suppliers 2770 3065 Total suppliers 45107 44621 Note 3C Grants Public sector Australian Government entities related parties 342 1505 State and Territory Governments 14485 16349 Local Governments 147 326 Private sector Non-profit organisations 148906 126639 Other 232 270 Overseas 627 2792 Other 15189 16155 Total grants 179928 164036 AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 113 2015 2014 000 000 Note 3 Expenses Note 3D Depreciation and amortisation Depreciation Buildings and land improvements 16889 16724 Property plant and equipment 3939 3809 Total depreciation 20828 20533 Amortisation Intangibles - Computer software 1013 1092 Total amortisation 1013 1092 Total depreciation and amortisation 21841 21625 Note 3E Write-down and impairment of assets Impairment of financial instruments 83 76 Non-financial assets Write-down and impairment - land and buildings 364 360 Write-down and impairment - property plant and equipment 215 236 Write-down and impairment - intangibles 29 218 Write-down and impairment of inventory 57 298 Total write-down and impairment of assets 748 1188 Note 3F Foreign exchange losses Non-speculative 72 23 Total foreign exchange losses 72 23 Note 3G Lossesgains from sale of assets Property plant and equipment Proceeds from sale 1177 1060 Carrying value of assets sold 1078 1073 Selling expense 43 51 Total net lossgain from sales of assets 56 64 Note 3H Other expenses Return of program funds 497 - Sponsorship in kind 302 145 Other 445 256 Total other expenses 1244 401 For the year ended 30 June 2015 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS AUSTRALIAN SPORTS COMMISSION 114 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 2015 2014 000 000 Note 4 Own-source income Own-source revenue Note 4A Sale of goods and rendering of services Provision of goods - external parties 1368 1528 Rendering of services - related entities 21923 5357 Rendering of services - external parties 17501 20744 Total sale of goods and rendering of services 40792 27629 Note 4B Interest Deposits on investments 3579 3753 Deposits on loans 44 - Total interest 3623 3753 Note 4C Rental income Rental Income 137 71 Total rental income 137 71 Note 4D Other revenue Resources received free of charge 301 145 Other 325 154 Total other revenue 626 299 Gains Note 4E Reversals of asset write-downs and impairments Reversal of impairment losses 75 161 Total reversals of previous asset write-downs and impairments 75 161 Revenue from Government Note 4F Revenue from Government Corporate Commonwealth entity payment item 266068 265914 266068 265914 For the year ended 30 June 2015 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 115 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2015 2014 000 000 Note 5 Financial assets Note 5A Cash and cash equivalents Cash on hand or on deposit 11798 12914 Total cash and cash equivalents 11798 12914 Note 5B Trade and other receivables Goods and services receivables in connection with Related entities 80 770 External parties 2341 3149 Total goods and services receivables 2421 3919 Other receivables GST receivable from the Australian Taxation Office 2451 2484 Interest 326 522 Total other receivables 2777 3006 Total trade and other receivables gross 5198 6925 Less impairment allowance Goods and services 106 111 Total trade and other receivables net 5092 6814 Credit terms for goods and services were within 30 days 2013 30 days 2015 2014 Receivables gross are aged as follows 000 000 Not overdue 4362 5800 Overdue by Less than 30 days 369 397 30 to 60 days 121 108 61 to 90 days 16 474 More than 90 days 330 146 Total receivables gross 5198 6925 The impairment allowance account is aged as follows Not overdue - - Overdue by Less than 30 days - - 30 to 60 days - - 61 to 90 days - - More than 90 days 106 111 Total impairment allowance account 106 111 Reconciliation of the impairment allowance account Opening balance 111 269 Amounts written off 83 66 Amounts recovered and reversed 75 171 Increasedecrease in impairments recognised in net surplus 153 79 Closing balance 106 111 AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 All receivables are expected to be recovered within 12 months. 116 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 2015 2014 000 000 Note 5 Financial assets Note 5C Investments Term deposits 65000 60077 Total investments 65000 60077 Note 5D Loans Cycling Australia loan 1521 - Australian Paralympic Committee loan 1200 - Total loans 2721 - Loans expected to be recovered in No more than 12 months - - More than 12 months 2721 - Total loans 2721 - Australian Paralympics Committee Ltd Loan In June 2015 the Commission provided a 2500000 loan facility to the Australian Paralympics Committee Ltd APC as part of an assistance package for restructuring and other financial assistance. At 30 June 2015 1200000 of this facility was drawn. The loan is repayable over a 6 year loan term and attracts a floating interest charge. Cycling Australia Ltd Loan The Commission provided two loans of 500000 and 1000000 to Cycling Australia Ltd CA as part of an assistance package for restructuring and other financial assistance. The loans are repayable over 5 and 7 year loan terms respectively and both loans attract a floating interest charge. Term deposits are recognised at their nominal amounts and interest is credited to revenue as it accrues. All investments are expected to be recovered within 12 months. AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 117 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2015 2014 000 000 Note 6 Non-financial assets Note 6A Land and buildings Land Fair value 10000 10000 Land improvements Fair value 18103 16073 Accumulated depreciation 12410 11483 Total land improvements 5693 4590 Buildings on freehold land Fair value 493090 477583 Work in progress 1217 1568 Accumulated depreciation and impairment 283235 260967 Total buildings on freehold land 211072 218184 Leasehold improvements Fair value 1865 2133 Work in progress - 44 Accumulated depreciation 1124 1565 Makegood asset 49 - Total leasehold improvements 790 612 Total land and buildings 227555 233386 Revaluation of land and buildings 2015 2014 000 000 Land - 100 Land improvements 253 55 Buildings on freehold land 6379 5735 Leasehold improvements 29 169 Total revaluation increments decrements 6603 5521 No revaluation decrements were expensed in 2014-15 2013-14 nil. Nil impairment was identified for land and buildings assets in 2014-15 2013-14 146000. This is included within Write-down and impairment recognised in the net cost of services in Note 6C. Over the next 12 months land and building assets that have come to the end of their useful lives will be disposed of in line with the Commissions capital replacement plan. All revaluations were conducted in accordance with the revaluation policy stated at Note 1. As at 31 December 2014 an independent valuer conducted the revaluations of land and buildings. The following revaluation increments decrements were credited to the asset revaluation reserve by asset class and included in the equity section of the Statement of Financial Position AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 118 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2015 2014 000 000 Note 6 Non-financial assets Note 6B Property plant and equipment Furniture fittings plant and equipment Fair value 16406 15984 Work in progress - 56 Accumulated depreciation 11133 10261 Total furniture fittings plant and equipment 5273 5779 Computer hardware Fair value 6387 5943 Work in progress - 158 Accumulated depreciation 3605 2893 Total computer hardware 2782 3208 Marine fleet Fair value 2899 2579 Accumulated depreciation 909 1309 Total marine fleet 1990 1270 Motor vehicles Fair value 3587 3748 Accumulated depreciation 1289 1418 Total motor vehicles 2298 2330 Total property plant and equipment 12343 12587 Revaluation of property plant and equipment 2015 2014 000 000 Property plant and equipment 352 - Total revaluation increments decrements 352 - AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 All revaluations were conducted in accordance with the revaluation policy stated at Note 1. As at 31 December 2014 an independent valuer conducted the revaluations of property plant and equipment. No revaluation occurred in 2013-14. The following revaluation increments decrements were credited to the asset revaluation reserve by asset class and included in the equity section of the Statement of Financial Position Nil impairment was identified for property plant and equipment assets in 2014-15 2013-14 3558. This is included within Write-down and impairment recognised in the net cost of services in Note 6C. Over the next 12 months property plant and equipment that have come to the end of their useful lives will be disposed of in line with the Commissions capital replacement plan. 119 Note 6 Non-financial assets Note 6C Reconciliation of the opening and closing balances of property plant and equipment 2014-15 Land Buildings land improvements Total land buildings land improvements Property plant equipment Total 000 000 000 000 000 As at 1 July 2014 Gross book value 10000 497401 507401 28468 535869 Accumulated depreciation and impairment - 274015 274015 15881 289896 Net book value 1 July 2014 10000 223386 233386 12587 245973 Additions By purchase - 4819 4819 4636 9455 Revaluations recognised in other comprehensive income - 6603 6603 352 6955 Write-down and impairment recognised in the net cost of services - 364 364 215 579 Disposals Written-down value of assets sold - - - 1078 1078 Depreciation expense - 16889 16889 3939 20828 Net book value 30 June 2015 10000 217555 227555 12343 239898 Net book value as of 30 June 2015 represented by Gross book value 10000 514325 524325 29279 553604 Accumulated depreciation - 296770 296770 16936 313706 Total as at 30 June 2015 10000 217555 227555 12343 239898 Note 6C Reconciliation of the opening and closing balances of property plant and equipment 2013-14 Land Buildings land improvements Total land buildings land improvements Property plant equipment Total 000 000 000 000 000 As at 1 July 2013 Gross book value 10100 487024 497124 32480 529604 Accumulated depreciation and impairment - 259101 259101 18445 277546 Net book value 1 July 2013 10100 227923 238023 14035 252058 Additions By purchase - 6926 6926 3670 10596 Revaluations and impairments recognised in other comprehensive income 100 5621 5521 - 5521 Write-down and impairment recognised in the net cost of services - 360 360 236 596 Disposals Written-down value of assets sold - - - 1073 1073 Depreciation expense - 16724 16724 3809 20533 Net book value 30 June 2014 10000 223386 233386 12587 245973 Net book value as of 30 June 2014 represented by Gross book value 10000 497401 507401 28468 535869 Accumulated depreciation - 274015 274015 15881 289896 Total as at 30 June 2014 10000 223386 233386 12587 245973 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 120 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2015 2014 000 000 Note 6 Non-financial assets Note 6D Intangibles Internally developed - in use 1843 1843 Internally developed - in progress 69 - Purchased at cost 6922 4853 Purchased - in progress 1003 518 Accumulated amortisation 5627 4688 Total computer software 4210 2526 Total intangibles 4210 2526 Computer software internally developed Computer software purchased Total intangibles 000 000 000 As at 1 July 2014 Gross book value 1843 5371 7214 Accumulated amortisation and impairment 1053 3635 4688 Net book value 1 July 2014 790 1736 2526 Additions By purchase 69 2657 2726 Impairments and write-offs recognised in the net cost of services - 29 29 Depreciation expense 410 603 1013 Net book value 30 June 2015 449 3761 4210 Net book value as of 30 June 2015 represented by Gross book value 1912 7925 9837 Accumulated amortisation and impairment 1463 4164 5627 Total as at 30 June 2015 449 3761 4210 AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 Note 6E Reconciliation of the opening and closing balances of intangibles 2014-15 Over the next 12 months intangible assets that have come to the end of their useful lives will be disposed of in line with the Commissions capital replacement plan. Nil Impairment as identified for intangible assets in 2014-15 2013-14 169084. 121 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS Note 6 Non-financial assets Computer software internally developed Computer software purchased Total intangibles 000 000 000 As at 1 July 2013 Gross book value 2218 5182 7400 Accumulated amortisation and impairment 851 3605 4456 Net book value 1 July 2013 1367 1577 2944 Additions By purchase 147 745 892 Impairment and write-offs recognised in the net cost of services 218 - 218 Depreciation Expense 506 586 1092 Net book value 30 June 2014 790 1736 2526 Net book value as of 30 June 2014 represented by Gross book value 1843 5371 7214 Accumulated amortisation and impairment 1053 3635 4688 Total as at 30 June 2014 790 1736 2526 2015 2014 000 000 Note 6F Inventories Inventories held for sale - finished goods 467 486 Total inventories 467 486 All inventories are expected to be sold or distributed in the next 12 months. Note 6G Other non-financial assets Prepayments 1749 2610 Total other non-financial assets 1749 2610 Total other non-financial assets are expected to be recovered in No more than 12 months 1733 2594 More than 12 months 16 16 Total other non-financial assets 1749 2610 Note 6E Reconciliation of the opening and closing balances of intangibles 2013-14 AUSTRALIAN SPORTS COMMISSION No items of inventory were recognised at fair value less cost to sell. For the year ended 30 June 2015 No indicators of impairment were found for other non-financial assets. During 2014-15 899346 of inventory held for sale was recognised as an expense 2013-14 906262. 122 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 2015 2014 000 000 Note 7 Payables Note 7A Suppliers Trade creditors 2764 2113 Total suppliers 2764 2113 Suppliers expected to be settled within 12 months Related entities 431 148 External parties 2333 1965 Suppliers expected to be settled greater than 12 months Related entities - - External parties - - Total suppliers 2764 2113 Note 7B Grant payables Public sector Australian Government entities - 1500 State and Territory Governments 23 44 Private sector Non-profit organisations 4 64 Other 13 - Total grant payables 40 1608 Note 7C Other payables Wages and salaries - 1869 Superannuation - 279 Financial guarantee - 77 Unearned income 965 639 Redundancies 248 301 Total other payables 1213 3165 Other payables are expected to be settled in No more than 12 months 1182 3159 More than 12 months 31 6 Total other payables 1213 3165 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 All grants payable are expected to be settled within 12 months. Settlement is usually made within 30 days. 123 2015 2014 000 000 Note 8 Provisions Note 8A Employee provisions Leave 12241 14038 Total employee provisions 12241 14038 Employee provisions are expected to be settled No more than 12 months 4241 5299 More than 12 months 8000 8739 Total employee provisions 12241 14038 Note 8B Other provisions Provision for make good 49 145 Lease incentive 29 - Total other provisions 78 145 Other provisions are expected to be settled in No more than 12 months 5 145 More than 12 months 73 - Total other provisions 78 145 Reconciliation of provision for make good1 Carrying amount 1 July 2014 145 Additional provisions made 49 Amounts used 59 Amounts reversed 86 Unwinding of discount or change in discount rate - Closing balance 30 June 2015 49 Reconciliation of provision for lease incentives2 Carrying amount 1 July 2014 - Additional provisions made 31 Amounts used 2 Amounts reversed - Unwinding of discount or change in discount rate - Closing balance 30 June 2015 29 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 1. The ASC currently has one agreement 2013-14 three agreements for the leasing of premises which have material provisions requiring the Commission to restore the premises to their original condition at the conclusion of the lease. The Commission has made a provision to reflect the present value of this obligation. 2. The ASC currently has one agreement 2013-14 nil for the leasing of premises which has a lease incentive requiring the Commission to recognise a lease incentive provision for the life of the lease. The Commission has made a provision to reflect the present value of this obligation. 124 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE 2015 2014 000 000 Note 9 Cash flow reconciliation Cash and cash equivalents as per Cash Flow Statement 76798 72991 Statement of Financial Position items comprising cash and cash equivalents Cash in hand or on deposit 11798 12914 Statement of Financial Position 65000 60077 Total cash and cash equivalents per Statement or Financial Position 76798 72991 Discrepancy - - Net cost of services 270256 275187 Revenue from Government 266068 265914 Adjustments for non-cash items Depreciation amortisation 21841 21625 Impairment of assets 608 814 Assets now recognised 38 61 Capitalised interest on loan 21 - Gain Loss on disposal of assets 98 13 Other non-cash expenses income - - Movements in assets liabilities Increase decrease in interest receivable 196 62 Increase decrease in net receivables 1493 903 Increase decrease in inventories 19 739 Increase decrease in prepayments 1410 327 Increase decrease in tax receivable 33 221 Increase decrease in employee provisions 1797 2108 Increase decrease in supplier payables 651 1197 Increase decrease in revenue received in advance 326 68 Increase decrease in grant payables 1568 5484 Increase decrease in other payables 2278 248 Increase decrease in other provisions 67 - Net cash from used by operating activities 16522 4177 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 Reconciliation of net cost of services to net cash from used by operating activities Reconciliation of cash and cash equivalents as per Statement of Financial Position to Cash Flow Statement 125 Note10Fairvaluemeasurement 2015 000s 2014 000s CategoryLevel1 2or3 Valuation techniques1 InputsusedRange weighted average2 Sensitivityofthefairvaluemeasurementto changesinuse Non-FinancialAssets Land1000010000Level2MarketapproachSalespriceofcomparablelandNA Buildings216338221774Level3 Depreciated replacementcost Replacementcostexpected usefullifeadjustmentsfor obsolescence NA Thesignificantunobservableinputsusedinthefair valuemeasurementofLevel3itemsarereplacement costrates.Significantincreasesdecreasesinany ofthoseinputsinisolationwouldresultina significantlylowerhigherfairvaluemeasurement. Otherpropertyplantandequipment96129171Level2Marketapproach Salespriceofsimilaritemsin themarket NA Otherpropertyplantandequipment27313202Level3 Depreciated replacementcost Replacementcostexpected usefullifeadjustmentsfor obsolescence 2.97-33.3 8.882per annum Thesignificantunobservableinputsusedinthefair valuemeasurementofLevel3itemsarereplacement costrates.Significantincreasesdecreasesinany ofthoseinputsinisolationwouldresultina significantlylowerhigherfairvaluemeasurement. Totalnonfinancialassets 238681244147 WithregardtolandimprovementsleaseholdimprovementsandbuildingstheCommissionprocuredvaluationservicesfromthePrestonRowePattersonNationalPropertyConsultantsPRPandhasreliedonvaluationmodelsprovidedbyPRPwhich arecontractuallyrequiredtobeinlinewithAASB13.TheCommissionreviewstheassumptionsandoutcomesofthevaluersservicestoobtaincomfortthatthemovementsinfairvaluearereasonableandtheprocessinaccordancewithAASB13. WithregardtootherpropertyplantandequipmenttheCommissionprocuredvaluationservicesfromPicklesValuationServicesPVS.ForassetsthatPVSwasunabletoidentifyamarketcomparisonanalternativeapproachwasrequired.These assetsweretestedbyacostapproachvaluationadepreciatedreplacementcostDRCapproachcontainingLevel3Inputs.IndoingsoPVSreviewedtheestimatedreplacementcosttotalusefullivesTULandremainingusefullivesRULinline withindustrystandardstoensuretheDRCcalculationwasaccurate.WithinthereviewPVStestedthenewreplacementcostsobtainedfrommanufacturestoascertainifthemostcurrentreplacementcostsandutilitiesoftheassetwerethesameor hadtherebeensomeimpairmentfortechnologicalorfunctionallyfactors.Furthermorefromamacroviewpointthereviewapproachedcertaineconomicdriversthatmayhaveincreasednewpriceforexamplesteelpriceorlabourcosts.TheTULand RULofthesecomponentswerealsoreviewedastheyaffectedtheformulausedtoascertainfairvalueandfallundertheLevel3inputsDRC.PVScomparedmarketrecommendedlivesforsimilarassetsandtrendsinthemarketinadditionto consultingwithASCabouttheirunderstandingoftheeconomiclivessuitabletotheirentity. Note10AFairvaluemeasurementsvaluationtechniqueandinputsused AUSTRALIANSPORTSCOMMISSION NOTESTOANDFORMINGPARTOFTHEFINANCIALSTATEMENTS Fortheyearended30June2015 Recurringandnon-recurringLevel3fairvaluemeasurements-valuationprocesses Thetableexcludesworkinprogressassets. 1 Nochangesinvaluationtechniqueoccurredduringtheperiod. Forlevel2and3fairvaluemeasurementsFairvaluemeasurements Fairvaluemeasurements-highestandbestusedifferentfromcurrentusefornon-financialassetsNFAs Thehighestandbestuseofallnon-financialassetsisthesameastheircurrentuse. 2 Significantunobservableinputsonly.NotapplicableforassetsandliabilitiesintheLevel2category.RangeswerenotrequiredtomeasurethefullvaluefortheBuildingsLevel3categoryasconfirmedwiththevaluers. 126 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE Note10Fairvaluemeasurement Note10BLevel1andLevel2transfersforrecurringfairvaluemeasurements Therehavebeennotransfersbetweenlevel1andlevel2for2014-15. RecurringLevel3fairvaluemeasurements-reconciliationforassets Total Buildingsland improvements Propertyplant andequipment 000000000 OpeningBalance2217743202224976 Additionspurchases51932725465 Revaluationsrecognisedinothercomprehensiveincome66032376840 Write-downrecognisedintheoperatingresult34358401 Disposals--- Depreciationandamortisation1688992217811 ClosingBalance2163382731219069 Non-financialAssets AUSTRALIANSPORTSCOMMISSION Note10CReconciliationforrecurringLevel3fairvaluemeasurements NOTESTOANDFORMINGPARTOFTHEFINANCIALSTATEMENTS Fortheyearended30June2015 Thetableexcludesworkinprogressassets. 127 AUSTRALIAN SPORTS COMMISSION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2015 Note 11 Contingent assets and liabilities Quantifiable contingencies Unquantifiable contingencies Significant remote contingencies Note 12 Related party disclosures 2015 2014 000 000 Australian Rugby League Commission Mr A Fraser 2171 2775 Australian Sports Foundation Ms A Camplin-Warner OAM1 Ms S Carbon OAM Ms M Osmond1 Mr M Stockwell 200 1500 Australian Olympic Committee Mr A Plympton 100 - Football Federation Australia Mr D Gallop 3669 3726 NSW Institute of Sport 2 Ms E Ellis AM - 137 Olympic Winter Institute Ms A Camplin-Warner OAM 2739 2171 WA Institute of Sport Ms S Carbon OAM 81 51 Yachting Australia Mr A Plympton 9863 6852 1. The Commissioner ceased as a member of the key management personnel of the entity in 2013-14. 2. The entity was considered a related party in 2013-14 but not in 2014-15 and accordingly any grant payments made to this entity in 2014-15 are not disclosed. The Commission is not aware of any quantifiable contingencies as at 30 June 2015 that would have an impact on its operations 2013-14Nil. The Commission is not aware of any unquantifiable contingent liabilities as at 30 June 2015 that would have an impact on its operations 2013-14 Nil. The Commission is not aware of any significant remote contingencies as at 30 June 2015 that would have an impact on its operations 2013-14 Nil. There were also payments to Commissioners to reimburse costs incurred on behalf of the Commission. These and the transactions referred to above were conducted with conditions no more favourable than would be expected if the transactions occurred at arms length. Individual Commissioners may hold professional engagements with related parties. Such engagements are not reported in this note as they are not required to be disclosed as related party transactions under Australian Accounting Standards. The Commission is currently seeking the recovery of an overpayment of funds from a consultant engaged by the Commission during 2013-14. Loans to Commissioners and Commissioner-related entities Commissioner There were no loans made to Commissioners or Commissioner-related entities. Grants to related organisations Grants were made to various Commissioner-related sporting organisations. They were approved and made on normal terms and conditions. Commissioners are required to register conflicts of interest and are not part of decisions where there is a real or perceived conflict. These are disclosed in the table below. Entity 128 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2015 2014 Note 13 Senior management personnel remuneration Short-term employee benefits Salary 3421000 3714707 Performance bonuses 9852 19337 Total short-term employee benefits 3430852 3734044 Post-employment benefits Superannuation 491910 574756 Total post-employment benefits 491910 574756 Other long-term benefits Annual leave accrued 239293 283331 Long-service leave 107681 127499 Total other long-term benefits 346974 410830 Termination benefits Redundancy payments 70765 300916 Total termination benefits 70765 300916 Total senior executive remuneration expenses 4340501 5020546 Note 13 is prepared on an accrual basis. Note 13 excludes short-term acting arrangements. AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 The total number of senior management personnel that are included in the above table is 36 individuals 2013-14 32 individuals. The total number of substantive senior management positions included in the above table is 28 positions 2013-14 30 positions. The variance between these figures reflects commencements and cessations of senior management personnel throughout the year. 129 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2015 2014 000 000 Note 14 Remuneration of auditors The fair value of the services provided was 67 84 No other services were provided by the auditors of the financial statements. AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 The cost of financial statement audit services provided to the Commission were 130 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2015 2014 000 000 Note 15 Financial instruments Note 15A Categories of financial instruments Financial assets Loans and receivables Cash and cash equivalents 11798 12914 Receivables for goods and services 2315 3808 Interest receivable 326 522 Loan 2721 - Total loans and receivables 17160 17244 Investments held-to-maturity Investments under s59 of the PGPA Act 65000 60077 Total investments held-to-maturity 65000 60077 Total financial assets 82160 77321 Financial liabilities Other financial liabilities Trade creditors 2764 2113 Grants payable 40 1608 Financial guarantee - 77 Total financial liabilities 2804 3798 Note 15B Net gains or losses on financial assets Loans and receivables Foreign exchange gain loss 72 23 Impairment of loans and receivables 83 76 Net gain loss loans and receivables 155 99 Investments held-to-maturity Interest revenue 3623 3753 Net gain loss held-to-maturity 3623 3753 AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 The interest income from financial assets not at fair-value through profit and loss is 3623000 2013-14 3753000. 131 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS Note 15 Financial instruments Note 15C Fair value of financial instruments Carrying Fair Carrying Fair amount value amount value 2015 2015 2014 2014 000 000 000 000 Financial assets Cash and cash equivalents 1 11798 11798 12914 12914 Receivables for goods and services 1 2315 2315 3808 3808 Interest receivable 1 326 326 522 522 Investments 65000 65000 60077 60077 Loans 2721 2461 - - Total financial assets 82160 81900 77321 77321 Financial liabilities Trade creditors 1 2764 2764 2113 2113 Grants payable 1 40 40 1608 1608 Financial guarantee - - 77 77 Total financial liabilities 2804 2804 3798 3798 Note 15D Credit risk The Commission has a significant exposure to Authorised Deposit-taking Institutions ADIs as the majority of its cash- holdings and investments are with Australian-owned ADIs. Given that ADIs are all regulated by the Australian Prudential Regulation Authority in accordance with the Banking Act 1959 the level of credit risk is considered low. In addition the Commission has an Investment Policy to only deposit funds with financial institutions with credit ratings of A-2 or greater and to diversify across these financial institutions which further reduces the Commissions exposure to credit risk. The ASC has policies and procedures in place to manage its credit risk including general security deeds. AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 1 The net fair values of cash and non-interest bearing financial assets and liabilities approximate their carrying value due to the short term nature of these balances. The investments are short-term in nature and as such the fair value of these investments at year end approximate their carrying value. The Commission is exposed to low overall credit risk. The majority of loans and receivables are cash and receivables for goods and services. Investments held-to-maturity represent investments held with financial institutions with an approved credit rating in accordance with the Commissions Investment Policy. The maximum exposure to credit risk is the risk that arises from potential default of a debtor or financial institution. The Commissions maximum exposure to credit risk at the reporting date in relation to each class of recognised financial assets is the gross amount of those assets as indicated in the Statement of Financial Position 5468000 in 2014-15 and 4441000 in 2013-14. The Commission has assessed the risks of default on payments and has allocated 106000 in 2014-15 2013-14 111000 to an impairment allowance account. 132 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS Note 15 Financial instruments Note 15D Credit risk continued Credit risk of financial instruments not past due or individually determined as impaired Not past due nor impaired Not past due nor impaired Past due or impaired Past due or impaired 2015 2014 2015 2014 000 000 000 000 Cash and cash equivalents 11798 12914 - - Receivables for goods and services 1585 2794 836 1125 Interest receivable 326 522 - - Investments under s59 of the PGPA Act 65000 60077 - - Loans 2721 - - - Total 81430 76307 836 1125 Ageing of financial assets that were past due but not impaired for 2015 0 to 30 31 to 60 61 to 90 90 days days days days Total 000 000 000 000 000 Receivables for goods and services 369 121 16 224 730 Total 369 121 16 224 730 Ageing of financial assets that were past due but not impaired for 2014 0 to 30 31 to 60 61 to 90 90 days days days days Total 000 000 000 000 Receivables for goods and services 397 108 474 35 1014 Total 397 108 474 35 1014 Note 15E Liquidity risk The following tables illustrate the maturities for financial liabilities On within 1 1 to 2 2 to 5 5 demand year years years years Total 2015 2015 2015 2015 2015 2015 000 000 000 000 000 000 Trade creditors - 2764 - - - 2764 Grants payable - 40 - - - 40 Total financial liabilities - 2804 - - - 2804 On within 1 1 to 2 2 to 5 5 demand year years years years Total 2014 2014 2014 2014 2014 2014 000 000 000 000 000 000 Trade creditors - 2113 - - - 2113 Grants payable - 1608 - - - 1608 Financial guarantee 77 - - - - 77 Total financial liabilities 77 3721 - - - 3798 AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 The Commissions financial liabilities comprise payables and a financial guarantee. The exposure to liquidity risk is based on the notion that the Commission will encounter difficulty in meeting its obligations associated with financial liabilities. This is highly unlikely due to appropriation funding from Government and mechanisms available to the Commission as well as internal policies and procedures put in place to manage cash and investment balances to ensure there are appropriate resources available to meet its financial obligations. 133 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS Note 15 Financial instruments Note 15F Market risk Interest rate risk Foreign currency risk Note 15G Assets pledged as collateral AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 The Commission holds basic financial instruments that do not expose it to certain market risks. The Commission was not exposed to material currency risk or other price risk. Interest rate risk refers to the risk that the fair value or future cash flow of a financial instrument will fluctuate because of changes in market interest rate. The ASC is exposed to interest rate risk primary from interest bearing assets. The interest-bearing items on the Commissions Statement of Financial Position are cash loans and investments. Cash on deposit is held in a bank account with a floating interest rate. The investments bear fixed interest rates and will not fluctuate due to changes in the market interest rate. The loans attract a floating interest rate. A - 60 basis point change is deemed to be reasonably possible and is used when reporting interest rate risk. The method used to arrive at the possible risk of - 60 basis point was based on both statistical and non-statistical analysis. The statistical analysis has been based on the cash rate for the past five years issued by the Reserve Bank of Australia RBA as the underlying dataset. This information is then revised and adjusted for reasonableness under the current economic circumstances. The ASCs sensitivity to a movement in interest rates of -60 basis points and the effect on net costs of services and equity for 2014-15 is negligible. Foreign currency risk refers to the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in foreign exchange rates. The Commission is exposed to foreign exchange risk primarily through undertaking certain transactions denominated in foreign currency and through the operation of a foreign currency bank account held in Italy for the Commissions European Training Centre. The Commission is exposed to foreign currency denominated in Euros. The Commission has no assets pledged as collateral for the 2014-15 financial year. In 2013-14 77000 was held as collateral on a bank guarantee for all obligations of the Commission on a leased premises. The bank guarantee continued until the expiration of the lease in March 2015. 134 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 2015 2014 000 000 Note 16 Financial assets reconciliation Total financial assets as per Statement of Financial Position 84611 79805 Less Non-financial instrument components GST receivable from the Australian Taxation Office 2451 2484 Total non-financial instrument components 2451 2484 Total financial assets as per financial instruments note 82160 77321 Note 17 Assets held in trust Gary Knoke Memorial Scholarship Trust Account 2015 2014 000 000 Total amounts held at the beginning of the reporting period 48 49 Receipts 1 1 Payments - 2 Total amounts held at the end of the reporting period 49 48 Promoters Trust Account 2015 2014 000 000 Total amounts held at the beginning of the reporting period 65 593 Receipts 1827 1076 Payments 1036 1604 Total amounts held at the end of the reporting period 856 65 AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 Purpose The Commission operates a Promoters Trust Account into which it deposits monies received in the course of conducting events at the Commission. These monies are held until such time as the events are completed and all costs associated with the events have been finalised. The remaining funds are then apportioned between the promoter and the Commission in accordance with the terms of each agreement. These monies are not available for other purposes of the Commission and are not recognised in the financial statements. Purpose The Gary Knoke Memorial Scholarship Trust Account is to be used for the provision of scholarships to eligible persons nominated by Athletics Australia. These monies are not available for other purposes of the Commission and are not recognised in the financial statements. 135 NOTESTOANDFORMINGPARTOFTHEFINANCIALSTATEMENTS Note18Reportingofoutcomes Note18ANetcostofoutcomedelivery 201520142015201420152014 000000000000000000 Expenses108160107562207405199538315565307100 Own-sourceincome173421253327967193804530931913 Netcostcontributionof outcomedelivery9081895029179438180158270256275187 Note18BMajorclassesofexpensesincomeassetsandliabilitiesbyoutcomes 20152014201520142015201420152014 000000000000000000000000 Expenses Employeebenefits272853172739340434156662575142 Suppliers180521783827055267834510744621 Grants5498650771124942113265179928164036 Depreciationandamortisation6866684514975147802184121625 Write-downandimpairment2931974559917481188 Foreignexchangelosses--72237223 Lossesfromsaleofassets-20-44-64 Other6781645662371244401 Totalexpenses108160107562207405199538315565307100 Income Incomefromgovernment8833789366177731176548266068265914 Saleofgoodsandservices159031101924889166104079227629 Interest125613212367243236233753 Rentalincome4625914613771 Other112113514186626299 Reversalofpreviousassetwrite- downsandimpairments25555010675161 Gainsfromsaleofassets--56-56- Totalincome105679101899205698195928311377297827 AUSTRALIANSPORTSCOMMISSION Fortheyearended30June2015 Outcome1Outcome2Total Outcomes1and2aredescribedinNote1.1.Netcostsshownincludeintra-governmentcoststhatareeliminatedincalculatingtheactualBudgetoutcome. AreviewwasconductedofallcostcentresusedbytheCommission.Whereacostcentrecouldbedirectlyattributedtoaparticularoutcomeallcosts associatedwiththatcostcentrewereattributedtothatoutcome.Whereacostcentrewasanoverheadcostcentretheattributionwasbasedonthedirect attributionpercentage.ThebasisofattributioninthetablebelowisconsistentwiththebasisusedfortheBudget. Outcome1Outcome2NotattributedTotal Assetsandliabilitiesthatcannotbereliablyattributedtooutcomes. 136 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTESTOANDFORMINGPARTOFTHEFINANCIALSTATEMENTS Note18Reportingofoutcomes Note18BMajorclassesofexpensesincomeassetsandliabilitiesbyoutcomescontinued 20152014201520142015201420152014 000000000000000000000000 Assets Cashandcashequivalents--8616111712127531179812914 Tradeandotherreceivables130247--4962656750926814 Investments-77--65000600006500060077 Loans--2721---2721- Landandbuildings282-8358286754143691146632227555233386 Propertyplantandequipment42444359485804597163401234312587 Intangibles15872025299272094139742102526 Inventories----467486467486 Othernon-financialassets581215029071189158217492610 Totalassets248110909336894553235086235757330935331400 Liabilities Suppliers----2764211327642113 Grants12150028108--401608 Otherpayables26492279618871162512143165 Employeeprovisions2572352051614690450758281224014038 Otherprovisions78145----78145 Totalliabilities2926608752685416814295661633621069 Assetsandliabilitiesthatcannotbereliablyattributedtooutcomes. Outcome1Outcome2NotattributedTotal AUSTRALIANSPORTSCOMMISSION Fortheyearended30June2015 137 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS Note 19 Budgetary reports and explanations of major variances Note 19A Departmental budgetary reports Original 1 Variance 2 2015 2015 2015 000 000 000 NET COST OF SERVICES EXPENSES Employee benefits 66625 69035 2410 Suppliers 45107 46649 1542 Grants 179928 165204 14724 Depreciation and amortisation 21841 22806 965 Write-down and impairment of assets 748 - 748 Foreign exchange losses 72 - 72 Losses from sale of assets - - - Other expenses 1244 - 1244 TOTAL EXPENSES 315565 303694 11871 OWN-SOURCE INCOME Own-source revenue Sale of goods and rendering of services 40792 29410 11382 Interest 3623 3000 623 Rental income 137 - 137 Other revenue 626 - 626 Total own-source revenue 45178 32410 12768 Gains Reversal of previous asset write downs and impairment 75 - 75 Gain on sale of assets 56 - 56 Total gains 131 - 131 TOTAL OWN-SOURCE INCOME 45309 32410 12899 NET COST OF SERVICES 270256 271284 1028 Revenue from Government 266068 263656 2412 SURPLUS DEFICIT 4188 7628 3440 OTHER COMPREHENSIVE INCOME ITEMS NOT SUBJECT TO SUBSEQUENT RECLASSIFICATION TO NET Changes in asset revaluation reserves 6956 - 6956 TOTAL OTHER COMPREHENSIVE INCOME 6956 - 6956 TOTAL COMPREHENSIVE INCOME 2768 7628 10396 1. The Commissions original budgeted financial statement that was first presented to parliament in respect of the reporting period i.e. from the Commissions 2014- 15 Portfolio Budgeted Statements PBS. 2. Between the actual and original budgeted amounts for 2015. Explanations of major variances provided at Note 19B. AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 STATEMENT OF COMPREHENSIVE INCOME For the year ended 30 June 2015 The following tables provide a comparison of the Original Budget as presented in the 2014-15 Portfolio Budget Statements PBS to the 2014-15 final outcome as presented in accordance with Australian Accounting standards. The Budget is not audited. Actual Budgeted estimate 138 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS Note 19 Budgetary reports and explanations of major variances Note 19A Departmental budgetary reports continued Original1 Variance2 2015 2015 2015 000 000 000 ASSETS Cash and cash equivalents 11798 13231 1433 Trade and other receivables 5092 6070 978 Investments 65000 65077 77 Loans 2721 - 2721 Total financial assets 84611 84378 233 Non-financial assets Land and buildings 227555 214519 13036 Property plant and equipment 12343 13698 1355 Intangibles 4210 4029 181 Inventories 467 1225 758 Other non-financial assets 1749 1346 403 Total non-financial assets 246324 234817 11507 TOTAL ASSETS 330935 319195 11740 LIABILITIES Payables Suppliers 2764 3310 546 Grant payables 40 7092 7052 Other payables 1213 2612 1399 Total payables 4017 13014 8997 Provisions Employee Provisions 12241 13865 1624 Other provisions 78 145 67 Total provisions 12319 14010 1691 TOTAL LIABILITIES 16336 27024 10688 NET ASSETS 314599 292171 22428 EQUITY Contributed equity 150210 150210 - Reserves 183905 171428 12477 Retained surplus accumulated deficit 19516 29467 9951 TOTAL EQUITY 314599 292171 22428 STATEMENT OF FINANCIAL POSITION As at 30 June 2015 1. The Commissions original budgeted financial statement that was first presented to parliament in respect of the reporting period i.e. from the Commissions 2014- 15 Portfolio Budgeted Statements PBS. Actual Budgeted estimate AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 2. Between the actual and original budgeted amounts for 2015. Explanations of major variances are provided at 19B. 139 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS Note 19 Budgetary reports and explanations of major variances Note 19A Departmental budgetary reports continued Original 1 Variance 2 2015 2015 2015 000 000 000 OPERATING ACTIVITIES Cash received Sale of goods and rendering of services 44465 29410 15055 Receipts from Government 266068 263656 2412 Interest 3791 3000 791 Net GST received 18077 - 18077 Total cash received 332401 296066 36335 Cash used Employees 70810 71689 879 Suppliers 49594 46649 2945 Grants 195475 165204 30271 Total cash used 315879 283542 32337 Net cash from or used by operating activities 16522 12524 3998 INVESTING ACTIVITIES Cash received Proceeds from sales of property plant and equipment 1177 - 1177 Loans 9 - 9 Total cash received 1186 - 1186 Cash used Purchase of property plant and equipment 12701 7056 5645 Loans 2700 - 2700 Total cash used 15401 7056 8345 Net cash from or used by investing activities 14215 7056 7159 FINANCING ACTIVITIES Cash received Appropriations- contributed equity 1500 1500 - Total cash received 1500 1500 - Net cash from or used by financing activities 1500 1500 - Net increase decrease in cash held 3807 6968 3161 Cash and cash equivalents at the beginning of the reporting period 72991 71340 1651 Cash and cash equivalents at the end of the reporting period 76798 78308 1510 2. Between the actual and original budgeted amounts for 2015. Explanations of major variances are provided at Note 19B. 1. The Commissions original budgeted financial statement that was first presented to parliament in respect of the reporting period i.e. from the Commissions 2014- 15 Portfolio Budgeted Statements PBS. CASH FLOW STATEMENT For the year ended 30 June 2015 Actual Budgeted estimate AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 140 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 4 FINANCIAL PERFORMANCE NOTESTOANDFORMINGPARTOFTHEFINANCIALSTATEMENTS Note19Budgetaryreportsandexplanationsofmajorvariances Note19ADepartmentalbudgetaryreportscontinued Original1 Variance2 Original1 Variance2 Original1 Variance2 Original1 Variance2 201520152015201520152015201520152015201520152015 000000000000000000000000000000000000 Openingbalance Balancecarriedforwardfrompreviousperiod153282183965111769491714285521148710148710-31033129829912032 Adjustedopeningbalance153282183965111769491714285521148710148710-31033129829912032 Comprehensiveincome Othercomprehensiveincome---6956-6956---6956-6956 Surplusdeficitfortheperiod418876283440-----418876283440 Totalcomprehensiveincome4188762834406956-6956---2768762810396 Transactionswithowners Contributionsbyowners Appropriationequityinjection------15001500-15001500- Totaltransactionswithowners------15001500-15001500- Closingbalanceattributabletothe AustralianGovernment1951629467995118390517142812477150210150210-31459929217122428 2.Betweentheactualandoriginalbudgetedamountsfor2015.ExplanationsofmajorvariancesprovidedatNote19B. STATEMENTOFCHANGESINEQUITY Fortheyearended30June2015 1.TheCommissionsoriginalbudgetedfinancialstatementthatwasfirstpresentedtoparliamentinrespectofthereportingperiodi.e.fromtheCommissions2014-15PortfolioBudgetedStatementsPBS. ActualActual AUSTRALIANSPORTSCOMMISSION Fortheyearended30June2015 Assetrevaluation reserve RetainedEarnings Budgetestimate Contributed equitycapital Totalequity ActualActual BudgetestimateBudgetestimateBudgetestimate 141 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS Note 19 Budgetary reports and explanations of major variances Note 19B Departmental major budget variances for 2014-15 Affected line items and statement Explanations of major variances Grants Statement of Comprehensive Income Grants Cash Flow Statement When compared to Original Budget an additional 14.724m in grant expenditure was paid in 2014-15. The increase was primarily driven by an increase in High Performance and Participation grants paid to national sporting organisations. These grants were provided through additional funding from the Department of Health grants carried forward from 2013-14 and repurposing of operational activities. Sale of goods and rendering of services Statement of Comprehensive Income Sale of goods and rendering of services Cash Flow Statement When compared to Original Budget an additional 11.382m in Revenue from sale of goods and rendering of services was received in 2014-15. The increase predominantly relates to additional revenue from Federal Government agencies 15.470m relates to one Memorandum of Understanding with the Department of Health offset by a 2.440m reduction in one-off funding from the prior year. Revenue from Government Statement of Comprehensive Income. Receipts from Government Cash Flow Statement When compared to Original Budget an additional 2.412m in Revenue from Government was received in 2014-15. 2.478m in redundancy funding was provided to assist in implementing savings decisions affecting operations. This funding relates to the 2013-14 MYEFO measure - Funding for pre-existing measures affecting the public sector. Grant payables Statement of Financial Position Grants Cash flow statement When compared to Original Budget Grants payable for 2014- 15 decreased by 7.052m primarily due to the majority of executed grant agreements being paid prior to 30 June 2015. Sale of goods and rendering of services Cash Flow Statement Net GST received Cash Flow Statement Employees Cash Flow Statement Suppliers Cash Flow Statement Grants Cash Flow Statement When compared to Original Budget the actual cash flow has a greater GST component across multiple line items. This is due to a different methodology being employed for the Budget cash flow whereby cash flows do not include GST for the purposes of simplicity. Changes in asset revaluation reserves Statement of Comprehensive Income Reserves Statement of Financial Position When compared to Original Budget Changes in asset revaluation has increased by 6.956m for the 2014-15 revaluation as the revaluation movements were not known at the time of the preparation of the Budget. Land and buildings Statement of Financial Position Reserves Statement of Financial Position Purchase of property plant and equipment Cash Flow Statement Asset revaluation reserve Statement of Changes in Equity When compared to Original Budget Land and buildings assets have increased by 13.036m. This is due to a 12.124m asset revaluation increase across two years which were not known at the time of the preparation of the Budget. Additionally there was a shift of funds 2.350m approved across years post- budget to replace ASC assets in 2014-15. AUSTRALIAN SPORTS COMMISSION For the year ended 30 June 2015 142 05 C H A P T E R 144 Australian Sports Foundation Financial statements 144 Australian Sports Foundation 143 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION 144 Australian Sports Foundation The Australian Sports Foundation Ltd ASF was established in 1986 to raise funds from philanthropic and corporate sources and the community at large for the development of sportin Australia. As the ASF is a deductible gift recipient donations of 2 or more are tax deductible. The ASF works with organisations at grassroots and community sporting levels through to elite and national levels to help raise funds for vital sporting projects. These projects fund the improvement of facilities and purchase of equipment as well as team travel training and other initiatives designed to increase sporting participation and enhance performance. Through these initiatives the ASF helps improve the health of our nation build our communities and strengthen our national sporting identity. The ASF invested in several initiatives in the past year to increase donations to sport. These initiatives included implementation of a new digital platform and constituent relationship management CRM system to enhance engagement with donors and the sporting community. The ASF also invested in enhanced fundraising expertise to provide guidance and best-practice advice to the sporting community. These investments were aligned with a concerted marketing campaign to grow awareness in the sporting community of the opportunity to raise funds through donations and to promote the health social and community benefits of participating in sport to the philanthropic community. These initiatives led to an increase of more than 20 per cent to 779 in the number of sporting organisations and projects registered with the ASF. The growth in donations received was even greater increasing from 17451000 in 2013-14 to 24517000 in 201415 over 40 per cent growth. These results mean that an additional 7 million is available to be granted to sports organisations compared with the previous year. It is estimated that the ASF has now raised more than 300 million for sport since its inception in 1986. The ASF s small grants program Giving4Grassroots aims to provide financial assistance to grassroots and community organisations for projects that are designed to grow participation. In 2015 this program awarded grants to 26 organisations which collectively are targeting an increase in participation of around 6500 new participants. Financial statements As required by legislation the annual financial statements and related audit opinion of the Australian Sports Foundation for 201415 are outlined below along with the Directors Report. 145145 AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 The directors present their report together with the financial report of the Australian Sports Foundation Limited the Foundation for the year ended 30 June 2015 and the Auditors report thereon. Directors The directors of the Foundation at any time during or since the end of the financial year are Name and qualifications Experience and special responsibilities Mr Mark Stockwell Chair Mr Stockwell is an Olympian and the owner of Stockwell a development construction property management and fund management group. Mr Stockwell started his career as an elite swimmer representing Australia in the 1984 Olympics and 1986 Commonwealth Games. Mr Stockwell joined the family business after his retirement from swimming and as managing director of Stockwell has seen the company diversify as an investor developer builder project manager property manager and fund manager of industrial retail commercial residential and leisure developments. Mr Stockwell has maintained his participation in sport over the years and in 2011 chaired the successful Gold Coast bid to host the 2018 Commonwealth Games. In addition to being chair of the Australian Sports Foundation he is deputy chair of the Australian Sports Commission. Mr Stockwell is a past president of the Property Council of Australia Queensland Division and served on the national board for two years. He is currently chair of Trade Investment Queensland. Mr Stockwell is a trustee of the St Laurences Old Boys Foundation which funds educational scholarships for boys at St Laurences College and is a trustee of the Stockwell Foundation founded by Mr Stockwell and his wife Tracy to benefit children in need. Mr Stockwell was appointed as a director and chair of the Australian Sports Foundation on 1 July 2014 and attended all five Board meetings he was eligible to attend. Appointed to 30 June 2017. 146 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Mr Michael Bushell Mr Bushell has been involved in the sports marketing industry for more than 30 years continually ensuring his ideas and work are at the forefront of the industry. He started his career with Speedo International as the sponsorship manager and was involved with all aquatic sports in Australia and overseas. Mr Bushell then established Sports Marketing and Management SMAM in 1986. SMAM has become a world leader in sports sponsorship including representation of the Australian Olympic Committee since 1986 Australian Commonwealth Games Association since 1988 Australian Swimming since 1991 and the Australian Rugby Union 198994 and from 2008. In Europe the company consults to the International Olympic Committee and British Motor Sports Association among others. SMAM also exclusively represented British Swimming and the 2014 Glasgow Commonwealth Games. Mr Bushell also had responsibility for sponsorship marketing and licensing programs at the 2000 Sydney Olympic Games and sponsorship programs at the 2002 Manchester 2006 Melbourne and 2010 Delhi Commonwealth games. In 2000 Mr Bushell received the Australian Sports Medal for his contribution to sport. He also received the Golden Rings award from the International Olympic Committee for his contribution to the success of the Sydney Olympic Games. The Australian Olympic Committee recognised Mr Bushells contribution to the sporting industry in 2010 when it awarded him the Order of Merit. SMAM has raised more than 110 million for the Australian Olympic Team the largest revenue per capita for any national Olympic committee globally. Mr Bushell was appointed to the Board of the Australian Sports Foundation on 28 January 2015 and resigned from his position due to unforeseen circumstances on 2 June 2015. He attended both meetings he was eligible to attend in that period. 147 AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Ms Sally Carbon OAM Ms Carbon an Olympic and World Cup gold medallist represented Australia in hockey at two Olympic Games and two World Cups. Ms Carbon is the owner and director of Green Eleven Pty Ltd holds a Bachelor of Arts with majors in physical education and mathematics is a qualified strategic marketer a company director and is a Fellow of the Australian Institute of Company Directors. She has published six books and three interactive educational resources and has had 26 years experience in the Australian media. Ms Carbon has served on the Western Australian Sports Council Board the Strategic Directions Board for the WA Education Department and is an active member of many foundation sport health and education boards in Western Australia. Ms Carbon was appointed as a director of the Australian Sports Foundation on 7 May 2008 and is chair of its Audit Committee. Ms Carbon attended all five Board meetings she was eligible to attend. Mr Carbons appointment was extended during the year for a further three-year term on 30 April 2015. AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Ms Sally Carbon OAM Ms Carbon an Olympic and World Cup gold medallist represented Australia in hockey at two Olympic Games and two World Cups. Ms Carbon is the owner and director of Green Eleven Pty Ltd holds a Bachelor of Arts with majors in physical education and mathematics is a qualified strategic marketer a company director and is a Fellow of the Australian Institute of Company Directors. She has published six books and three interactive educational resources and has had 26 years experience in the Australian media. Ms Carbon has served on the Western Australian Sports Council Board the Strategic Directions Board for the WA Education Department and is an active member of many foundation sport health and education boards in Western Australia. Ms Carbon was appointed as a director of the Australian Sports Foundation on 7 May 2008 and is chair of its Audit Committee. Ms Carbon attended all five Board meetings she was eligible to attend. Mr Carbons appointment was extended during the year for a further three-year term on 30 April 2015. 148 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Mr Joshua Liberman Mr Liberman is the chair of LJCB Investment Group LJCB one of Australias largest private groups with interests in petroleum and energy production property banking and finance equities funds and venture capital. In Israel LJCB helps controls the largest energy and petroleum company Paz and the fifth largest bank the First International Bank. LJCB is a founding shareholder of CVS Lane Capital Partners an Australian property business specialising in innovative structuring and finance solutions. LJCB has been active in finance over the past decade creating and investing in funds management businesses private equity transactions capital raisings and high-profile takeovers. Early-stage investments have focused on technology and businesses which have had the potential to change the market and to become global leaders including SEEK Looksmart Hitwise and Ducere. LJCB is also a financing partner of Square Peg Capital a leading Asia Pacific investor group in venture and growth stage online and technology companies. In philanthropy Mr Liberman sits on the board of the Australian Sports Foundation and is a founding director of the Ducere Foundation which is active in 12 African countries. Mr Liberman holds a Bachelor of Law and Commerce from Monash University. Mr Liberman was appointed to the Board on 28 January 2015 and attended both Board meetings he was eligible to attend during the year. 149 AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Mr John Pearce Mr Pearce was involved in the receivables management industry for 47 years prior to retirement in 2013. He was joint founder of listed company Collection House Limited and during the listed period of Collection House he held the positions of chief executive managing director deputy chair and chair of the company between 2000 and 2013. Mr Pearce has had a keen interest in sport throughout his life including a significant involvement in establishing The Peter Burge XI in partnership with Queensland Cricket The Lethal Lions Coterie Group at The Brisbane Lions Football Club and the Bulls Masters in Queensland. Mr Pearce was Number 1 Ticket Holder of The Brisbane Lions from 2002 until 2008 and was appointed Patron of the Club in 2015. He is also the patron of The Brisbane Lions Foundation. He was appointed a life member of The Brisbane Lions in 2008. Over the years Mr Pearce has founded The Brisbane Lions Foundation The Financial Basics Foundation and The Rutherglen Cemetery Foundation and is keenly interested in the philanthropic areas of sport including financial support of The Queensland Sports Federation. Mr Pearce was appointed to the Board on 30 April 2015 and attended the one Board meeting he was eligible to attend. 150 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Mr Ken Ryan Ken Ryan worked for Qantas for 18 years in a variety of senior management positions including regional general manager Victoria and southern Australia group general manager marketing head of corporate development regional general manager South-East Asia Qantas and British Airways and chief executive Jetstar Asia. Mr Ryan holds a Bachelor of Commerce from Melbourne University and is a board member of the Australian Sports Commission Victorian Major Events Corporation Toll Holdings Limited and the Australian Grand Prix Corporation. He is also a former board member of Skiing Australia. Mr Ryan was made a Member of the Order of Australia in 2012 for services to childrens and youth charitable organisations tourism and sport. Mr Ryan was appointed as a director of the Australian Sports Foundation on 6 March 2014 and was a member of its Audit Committee. He left the Board when his term ended on 30 September 2014. He attended the one Board meeting he was eligible to attend during this period. AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Ms Sally Carbon OAM Ms Carbon an Olympic and World Cup gold medallist represented Australia in hockey at two Olympic Games and two World Cups. Ms Carbon is the owner and director of Green Eleven Pty Ltd holds a Bachelor of Arts with majors in physical education and mathematics is a qualified strategic marketer a company director and is a Fellow of the Australian Institute of Company Directors. She has published six books and three interactive educational resources and has had 26 years experience in the Australian media. Ms Carbon has served on the Western Australian Sports Council Board the Strategic Directions Board for the WA Education Department and is an active member of many foundation sport health and education boards in Western Australia. Ms Carbon was appointed as a director of the Australian Sports Foundation on 7 May 2008 and is chair of its Audit Committee. Ms Carbon attended all five Board meetings she was eligible to attend. Mr Carbons appointment was extended during the year for a further three-year term on 30 April 2015. 151 AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Directors meetings Five directors meetings and three Audit Committee meetings were held during the financial year. The number of meetings attended by each director of the Foundation during the financial year is Director Board Meetings Audit Committee Meetings A B A B Mark Stockwell 5 5 - - Michael Bushell 2 2 - - Sally Carbon OAM 5 5 3 3 Josh Liberman 2 2 - - John Pearce 1 1 - - Ken Ryan 1 1 1 1 A - Number of meetings attended B Number of meetings held during the time the director held office during the year Principal activities The principal activity of the Foundation during the course of the financial year was to raise money for the development of sport in Australia. To achieve this the Foundation receives donations from individual and corporate philanthropists and distributions from ancillary funds and makes discretionary grants to eligible organisations in respect of sporting projects. The Foundations administration has been supported by the ASC in past years but during 201415 it has been implementing a strategy working toward operational separation from the Commission. This project is nearly complete and the Foundation is operating independently with a commercial and service-orientated focus aimed at substantially increasing the amount of money donated to Australian sport. Performance Measures The Foundations role is to raise money for the development of sport in Australia and its key objective is to achieve substantial growth in the amount of money donated. Achieving this growth requires an increase in the number of organisations that register to fundraise with the Foundation and an increase in the effectiveness of fundraising campaigns. It also depends on increased awareness of its role and capabilities within the sport and community sector and increased awareness of the benefits of donating to sport among the philanthropic community. Key performance indicators include the number of organisations that register with the Foundation and the amount of donations received. During the year the Foundation grew the number of registered projects by over 20 to 779 and increased donations by 17443147 to 24317189. AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Directors meetings Five directors meetings and three Audit Committee meetings were held during the financial year. The number of meetings attended by each director of the Foundation during the financial year is Director Board Meetings Audit Committee Meetings A B A B Mark Stockwell 5 5 - - Michael Bushell 2 2 - - Sally Carbon OAM 5 5 3 3 Josh Liberman 2 2 - - John Pearce 1 1 - - Ken Ryan 1 1 1 1 A - Number of meetings attended B Number of meetings held during the time the director held office during the year Principal activities The principal activity of the Foundation during the course of the financial year was to raise money for the development of sport in Australia. To achieve this the Foundation receives donations from individual and corporate philanthropists and distributions from ancillary funds and makes discretionary grants to eligible organisations in respect of sporting projects. The Foundations administration has been supported by the ASC in past years but during 201415 it has been implementing a strategy working toward operational separation from the Commission. This project is nearly complete and the Foundation is operating independently with a commercial and service-orientated focus aimed at substantially increasing the amount of money donated to Australian sport. Performance Measures The Foundations role is to raise money for the development of sport in Australia and its key objective is to achieve substantial growth in the amount of money donated. Achieving this growth requires an increase in the number of organisations that register to fundraise with the Foundation and an increase in the effectiveness of fundraising campaigns. It also depends on increased awareness of its role and capabilities within the sport and community sector and increased awareness of the benefits of donating to sport among the philanthropic community. Key performance indicators include the number of organisations that register with the Foundation and the amount of donations received. During the year the Foundation grew the number of registered projects by over 20 to 779 and increased donations by 17443147 to 24317189. AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Directors meetings Five directors meetings and three Audit Committee meetings were held during the financial year. The number of meetings attended by each director of the Foundation during the financial year is Director Board Meetings Audit Committee Meetings A B A B Mark Stockwell 5 5 - - Michael Bushell 2 2 - - Sally Carbon OAM 5 5 3 3 Josh Liberman 2 2 - - John Pearce 1 1 - - Ken Ryan 1 1 1 1 A - Number of meetings attended B Number of meetings held during the time the director held office during the year Principal activities The principal activity of the Foundation during the course of the financial year was to raise money for the development of sport in Australia. To achieve this the Foundation receives donations from individual and corporate philanthropists and distributions from ancillary funds and makes discretionary grants to eligible organisations in respect of sporting projects. The Foundations administration has been supported by the ASC in past years but during 201415 it has been implementing a strategy working toward operational separation from the Commission. This project is nearly complete and the Foundation is operating independently with a commercial and service-orientated focus aimed at substantially increasing the amount of money donated to Australian sport. Performance Measures The Foundations role is to raise money for the development of sport in Australia and its key objective is to achieve substantial growth in the amount of money donated. Achieving this growth requires an increase in the number of organisations that register to fundraise with the Foundation and an increase in the effectiveness of fundraising campaigns. It also depends on increased awareness of its role and capabilities within the sport and community sector and increased awareness of the benefits of donating to sport among the philanthropic community. Key performance indicators include the number of organisations that register with the Foundation and the amount of donations received. During the year the Foundation grew the number of registered projects by over 20 to 779 and increased donations by 17443147 to 24317189. 152 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 The Foundation also monitors the effectiveness of its market reach among key sporting and philanthropic stakeholder groups. Enabling legislation objectives and functions inherent in that legislation The Foundations enabling legislation is the Australian Sports Commission Act 1989. The objectives and functions of the Foundation inherent in the Act are that the purpose of the company is to raise money for the development of sport in Australia. except to the extent necessary for the performance of its functions in relation to the Commission the company is not empowered to do anything that the Commission is not empowered to do. Organisational structure The Foundation is a public company limited by guarantee in accordance with the Corporations Act 2001 and is a wholly-owned Commonwealth Company under the Public Governance Performance and Accountability Act 2013. PGPA Act. The Foundation began the year with three full-time employees utilizing ongoing seconded staff from the Commission. As of 30 June 2015 the Foundation had 12 staff 11 full-time equivalents and no longer utilizes staff seconded from the Commission. Location of major activities and facilities The Foundation operates from an office based at the Australian Institute of Sport campus in Canberra. Factors events or trends influencing performance In past years the Foundation has received administrative and operational support from the Commission in order to enable it to fulfil its role. The year has seen the Foundation continue its transformation strategy that has led to operational separation from the Commission. The transformation has also achieved an increased focus on service delivery and engagement with major stakeholders and sporting organisations at all levels across Australia as well as changes to the Foundations business model. 2015 is the first full year of this transformation strategy and the Foundation has achieved a significant increase in the number of registered projects and the value of donations received during the year. 153 AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Risks and opportunities in future years Business activity is expected to continue trending upwards as a result of the transformation strategy. The Foundation has implemented a new constituent relationship management system and a new digital strategy including social media and a new website with online donation capability to facilitate donations and streamline reporting processes. The Foundations fundraising capabilities will continue to be strengthened and marketing and thought leadership programs will provide ongoing opportunities to increase the amount of money donated to sport. From 1 July 2015 ongoing financial support will no longer be received from the Commission and the Foundation will be implementing a new funding model. This model will involve the Foundation retaining a percentage of monies donated ranging from 5 per cent to 6 per cent depending on the method of donation in order to cover operating costs. State of affairs There were no significant changes in the state of affairs of the Foundation during the financial year. The Foundation continued implementation of its transformation strategy and conducted a range of business development activities to sustain and increase its fundraising activities. Review and results of operations The operating profit for the year ended 30 June 2015 was 4306397 2014 loss of 1320832. This reflects the substantial growth in donations which increased by almost 7m during the course of the year. Dividends No dividends have been paid or declared during the year and no dividends are proposed. The Foundation is prohibited by its Memorandum and Articles of Association from making any distributions to its members. Members funds In the event of winding up every member of the Foundation undertakes to contribute to the property of the Foundation up to an amount not exceeding 100. At 30 June 2015 the total amount that members are liable to contribute if the Foundation is wound up is 400 2014 400. 154 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Significant developments since the end of the financial year From 1 July 2015 ongoing financial support will no longer be received from the Australian Sports Commission and the Foundation has implemented a new funding model. This model involves the Foundation retaining a percentage of monies donated ranging from 5 per cent to 6 per cent depending on the method of donation in order to cover its operating costs. Future likely developments In accordance with the transformation strategy implemented in the past two financial years substantial changes have been made to the Foundation. These have included significant enhancement of its capabilities to raise money for sport achieving operational independence from the Australian Sports Commission and fundamental changes to its funding and operating model. Accordingly the focus in the next 1218 months is to consolidate and embed these changes and extend the Foundations engagement with the sporting and philanthropic communities to achieve continued growth in the amount of money donated to sport. Environmental regulations The Foundations operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a state or territory. Directors the Audit and Remuneration Committees The Federal Minister for Sport is responsible for appointing the Board of Directors. Mr Stockwell was appointed as chair from 1 July 2014 and Ms Carbons appointment as a director was renewed on 30 April 2015. Mr Ryans appointment concluded on 30 September 2014. Mr Liberman and Mr Bushell were appointed to the Board on 28 January 2015 with Mr Bushell resigning with effect from 2 June 2015 due to unforeseen circumstances. Mr Pearce was appointed to the Board on 30 April 2015. Ms Carbon is Chair of the Audit Committee and Mr Ryan was a member of the Audit Committee until 30 September. In accordance with the requirements of the PGPA Act the Foundation has appointed three independent members of the Audit Committee for the 2016 financial year. The Foundation does not have a Remuneration Committee. 155 AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Indemnities and insurance premiums for officers The Foundation maintains directors and officers liability insurance and general liability insurance policies. The Foundation indemnifies the retiring directors to the maximum extent permitted by law against legal costs reasonably incurred in defending an action for a liability incurred as a director of the Foundation unless the costs are incurred by the director in defending or resisting proceedings brought against the director by the Foundation. Each indemnity is a continuing obligation separate and independent from the other obligations of the parties. If the retiring director becomes liable to pay any amount for which they are indemnified the Foundation must pay that amount within 30 days from receiving satisfactory evidence that the director is liable to pay that amount. No person has applied for leave of Court to bring proceedings on behalf of the Foundation or to intervene in any proceedings to which the Foundation is a party for the purpose of taking responsibility on behalf of the Foundation for all or any part of those proceedings. The Foundation was not a party to any such proceedings during the year. Auditors independence declaration A copy of the Auditors independence declaration in relation to the audit for the financial year is provided with this report. Directors benefits Since the end of the previous financial year no director has received or become entitled to receive a benefit other than a benefit included in the aggregate amount of emoluments received or due and receivable by directors by reason of the contract made by the Foundation or a related corporation with the director or with a firm of which he or she is a member or with a company in which he or she has a substantial financial interest. During the year the Foundation opted to pay directors fees to one director. Dated at _______________________________ city this _____________ day of _________________ 2015 ______________________________ ______________________________ Mark Stockwell Sally Carbon OAM Board Chair Director Signed in accordance with the resolution of the directors. AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Directors meetings Five directors meetings and three Audit Committee meetings were held during the financial year. The number of meetings attended by each director of the Foundation during the financial year is Director Board Meetings Audit Committee Meetings A B A B Mark Stockwell 5 5 - - Michael Bushell 2 2 - - Sally Carbon OAM 5 5 3 3 Josh Liberman 2 2 - - John Pearce 1 1 - - Ken Ryan 1 1 1 1 A - Number of meetings attended B Number of meetings held during the time the director held office during the year Principal activities The principal activity of the Foundation during the course of the financial year was to raise money for the development of sport in Australia. To achieve this the Foundation receives donations from individual and corporate philanthropists and distributions from ancillary funds and makes discretionary grants to eligible organisations in respect of sporting projects. The Foundations administration has been supported by the ASC in past years but during 201415 it has been implementing a strategy working toward operational separation from the Commission. This project is nearly complete and the Foundation is operating independently with a commercial and service-orientated focus aimed at substantially increasing the amount of money donated to Australian sport. Performance Measures 156 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION 157 158 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION 159 AUSTRALIAN SPORTS FOUNDATION LIMITED STATEMENT OF COMPREHENSIVE INCOME For the year ended 30 June 2015 2015 2014 Notes NET COST OF SERVICES EXPENSES Employee benefits 3A 991184 616185 Suppliers 3B 826474 649647 Grants 3C 18593183 19818128 Depreciation and amortisation 3D 53020 - Total expenses 20463861 21083960 LESS OWN-SOURCE INCOME Own-source revenue Donations 4A 24317189 17443147 Grants 4A 200000 1500000 Interest 4B 146538 187280 Other revenue 4A 106531 8000 Total own-source revenue 24770258 19138427 Gains Resources received free of charge 4C - 624701 Total gains - 624701 Total own-source income 24770258 19763128 Net contribution by cost of services 4306397 1320832 Surplus Deficit on continuing operations 4306397 1320832 OTHER COMPREHENSIVE INCOME Other comprehensive income - - Total other comprehensive income - - Total comprehensive income loss 4306397 1320832 The above statement should be read in conjunction with the accompanying notes. 160 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED STATEMENT OF FINANCIAL POSITION As at 30 June 2015 2015 2014 Notes ASSETS Financial assets Cash and cash equivalents 5A 15649576 10515419 Trade and other receivables 5B 561869 1869773 Total financial assets 16211445 12385192 Non-financial assets Property plant and equipment 6A 11582 - Computer hardware 6B 26702 - Intangible assets 6C 133615 - Total non-financial assets 171899 - Total assets 16383344 12385192 LIABILITIES Payables Suppliers 7A 112879 460301 Other payables 7B 30109 15000 Total payables 142988 475301 Provisions Employee Provisions 7C 24068 - Total provisions 24068 - Total liabilities 167056 475301 Net assets 16216288 11909891 EQUITY Reserves 8 16216288 11909891 Retained surplus accumulated deficit - - Total equity 16216288 11909891 The above statement should be read in conjunction with the accompanying notes. 161 AUSTRALIANSPORTSFOUNDATIONLIMITED STATEMENTOFCHANGESINEQUITY Fortheyearended30June2015 RetainedearningsReservesTotalequity 201520142015201420152014 Openingbalance Balancecarriedforwardfrompreviousperiod--11909891132307231190989113230723 Adjustedopeningbalance--11909891132307231190989113230723 Comprehensiveincome Othercomprehensiveincome------ SurplusDeficitfortheperiod43063971320832--43063971320832 Totalcomprehensiveincome43063971320832--43063971320832 Transfersbetweenequitycomponents4306397132083243063971320832-- Closingbalanceasat30June--16216288119098911621628811909891 Theabovestatementshouldbereadinconjunctionwiththeaccompanyingnotes. 162 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED CASH FLOW STATEMENT For the year ended 30 June 2015 2015 2014 Notes OPERATING ACTIVITIES Cash received Donations 24111403 17287702 Grants 1700000 1000000 Interest 146962 196610 Net GST received 1847366 1938602 Other 105056 6945 Total cash received 27910787 20429859 Cash used Grants 20427558 21503598 Suppliers and employees 2124153 423549 Total cash used 22551711 21927147 Net cash from used by operating activities 9 5359076 1497288 INVESTING ACTIVITIES Cash used P h f t l t d i tPurchase of property plant and equipment 224919 - Total cash used 224919 - Net cash from investing activities 224919 - Net increase decrease in cash held 5134157 1497288 Cash and cash equivalents at the beginning of the reporting period 10515419 12012707 Cash and cash equivalents at the end of the reporting period 5A 15649576 10515419 The above statement should be read in conjunction with the accompanying notes. 163 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 Note 1 Summary of Significant Accounting Policies Note 2 Events After the Reporting Period Note 3 Expenses Note 4 Income Note 5 Financial Assets Note 6 Non-financial assets Note 7 Payables Note 8 Equity Note 9 Cash Flow Reconciliation Note 10 Directors Remuneration Note 11 Related Party Disclosures Note 12 Key Management Personnel Note 13 Members Funds Note 14 Remuneration of Auditors Note 15 Financial Instruments Note 16 Contingent Liabilities and Contingent Assets Note 17 Commitments Note 18 Additional Company Information 164 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 Note 1 Summary of Significant Accounting Policies 1.1 Objective of the Australian Sports Foundation Limited The Australian Sports Foundation Limited the Foundation is a public company limited by guarantee. The objective of the Foundation is to assist eligible sporting community educational and other government organisations to raise funds for the development of sport in Australia. The Foundation was established by Section 10 of the Australian Sports Commission Act 1989. 1.2 Basis of Preparation of the Financial Report The Foundation is a Commonwealth company as defined in the Public Governance Performance and Accountability Act 2013 and is subject to the Corporations Act 2001. This general purpose Financial Report has been prepared in accordance with the Corporations Act 2001 and Australian Accounting Standards and Interpretations of the Australian Accounting Standards Board. The company is a not-for-profit entity for financial reporting purposes under Australian Accounting Standards. Material accounting policies adopted in the preparation of this Financial Report is presented below and have been consistently applied unless stated otherwise. The Financial Report has been prepared on an accrual basis and in accordance with the historical cost convention except for certain assets and liabilities at fair value. Except where stated no allowance is made for the effect of changing prices on the results or the financial position. These accounting policies have been consistently applied and are consistent with those of the previous year. The Financial Report is presented in Australian dollars and values. Unless an alternative treatment is specifically required by an accounting standard assets and liabilities are recognised in the Statement of Financial Position when and only when it is probable that future economic benefits will flow to the Foundation or a future sacrifice of economic benefits will be required and the amounts of the assets or liabilities can be reliably measured. However assets and liabilities arising under executory contracts are not recognised unless required by an accounting standard. Assets and liabilities that are unrecognised are reported in the Schedule of Commitments or the Contingencies note. Unless alternative treatment is specifically required by an accounting standard income and expenses are recognised in the Statement of Comprehensive Income when and only when the flow consumption or loss of economic benefits has occurred and can be reliably measured. The Financial Report was authorised for issue by the Directors of the Foundation on 26th August 2015. 165 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 1.3 Significant accounting and judgement estimates In the process of applying the accounting policies listed in this note no judgements have been made that have a significant impact on the amounts recorded in the Financial Report. No accounting assumptions or estimates have been identified that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. 1.4 New Australian Accounting Standards Adoption of New Australian Accounting Standard Requirements No accounting standard has been adopted earlier than the application date as stated in the standard. There were a number of new accounting standards amendments to standards and interpretations that were issued by the Australian Accounting Standards Board and are applicable to the current reporting period which did not have a financial impact and are not expected to have a future financial impact on the Foundation. Future Australian Accounting Standard Requirements There are no new accounting standards amendments to standards or interpretations that have been issued by the Australian Accounting Standards Board and are applicable to the future reporting period that are expected to have a material future financial impact on the Foundation. 1.5 Revenue Interest revenue is recognised using the effective interest method as set out in AASB 139 Financial Instruments Recognition and Measurement. Revenue arising from the contribution of assets in the form of grants to the Foundation is recognised when the Foundation obtains control of the contribution or has the right to receive the contribution it is probable that the economic benefits comprising the contribution will flow to the entity the amount of the contribution can be reliably measured. The Foundation receives donations from individual and corporate philanthropists and distributions from ancillary funds. These donations create the funding pool for the ASF to make discretionary grants to eligible organisations in respect of sporting projects. Donation revenue is recognised when the Foundation receives the transfer of funds from the donor. 166 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 1.6 Employee Benefits During the year the Australian Sports Commission the Commission seconded employees to assist in the administration of the Foundation. This reduced as the Foundation recruited its own resources and the last secondment concluded at 31 May 2015. The Foundation ended the year with 12 employees 11 full time equivalents. 2013-14 6 employees 5.7 full time equivalents. Liabilities for short-term employee benefits as defined in AASB119 Employee Benefits and termination benefits expected within twelve months of the end of the reporting period are measured at their nominal amounts. The nominal amount is calculated with regard to the rates expected to be paid on settlement of the liability. Leave The liability for employee benefits includes provision for annual leave and long service leave. No provision has been made for sick leave as all sick leave is non-vesting and the average sick leave taken in future years by employees of the Foundation is estimated to be less than the annual entitlement for sick leave. The leave liabilities are calculated on the basis of employees remuneration at the estimated salary rates that will be applied at the time the leave is taken including the Foundations employer superannuation contribution rates to the extent that the leave is likely to be taken during service rather than paid out on termination. Separation and redundancy A liability is recognised for separation and redundancy benefit payments. The entity recognises a liability for termination when it has developed a detailed formal plan for the terminations or when an offer is made to an employee and is accepted. Superannuation Staff of the Foundation are members of various accumulated superannuation schemes. 1.7 Grants The Foundation makes grant payments to eligible sporting community educational and other Government organisations to facilitate the development of sport in Australia. Grants are made at the discretion of the Board of Directors and only after meeting criteria set out in the Foundation guidelines. Grants are recognised as a liability upon approval for payment by the Board of Directors. 1.8 Cash Cash and cash equivalents includes cash on hand and deposits held at call with a bank or financial institution that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value. Cash is recognised at its nominal amount. 167 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 1.9 Financial Assets The Foundation classifies its financial assets as receivables. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. Financial assets are recognised and derecognised upon trade date. Effective interest method The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset or where appropriate a shorter period. Income is recognised on an effective interest rate basis. Receivables Trade receivables and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as loans and receivables. Loans and receivables are measured at amortised cost using the effective interest method less impairment. Interest is recognised by applying the effective interest rate. Receivables primarily comprises of receivables for goods and services and accrued revenue. Impairment of financialassets Financial assets are assessed for impairment at the end of each reporting period. If there is objective evidence that an impairment loss has been incurred for loans and receivables the amount of the loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. The carrying amount is reduced by way of an allowance account. The loss is recognised in the Statement of Comprehensive Income. 168 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 1.10 Financial Liabilities Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that the goods or services have been received irrespective of having been invoiced. 1.11 Acquisition of assets Assets are recorded at cost on acquisition. The cost of acquisition includes the fair value of assets transferred in exchange and liabilities undertaken. Financial assets are initially measured at their fair value plus transaction costs where appropriate. Assets acquired at no cost or for nominal consideration are initially recognised as assets and income at their fair value at the date of acquisition. 1.12 Property plant and equipment Asset recognition threshold Purchases of property plant and equipment are recognised at cost in the Statement of Financial Position except for purchases costing less than 2000 which are expensed in the year of acquisition other than where they form part of a group of similar items which are significant in total or are purchases of computer equipment. The initial cost of an asset includes an estimate of the fair value of dismantling and removing the item and restoring the site on which it is located. Revaluation Following initial recognition at cost property plant and equipment were carried at fair value less subsequent accumulated depreciation and accumulated impairment losses. Valuations were conducted with sufficient frequency to ensure that the carrying amounts of assets did not differ materially from the assets fair values at reporting date. The regularity of independent valuations depended upon the volatility of movements in the market values for the relevant assets. Depreciation Depreciable property plant and equipment assets are written-off to their estimated residual values over their estimated useful lives to the Foundation using in all cases the straight-line method of depreciation. 169 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 Depreciation rates useful lives residual values and methods are reviewed at each reporting date and necessary adjustments are recognised in the current or current and future reporting periods as appropriate. Depreciation rates applying to each sub-class of depreciable asset are based on the following useful lives Computers 3-4 years Furniture and Equipment 10 years Impairment All assets were assessed for impairment at 30 June 2015 and none were found to be impaired. 1.13 Intangibles The Foundations intangibles comprise purchased software and internally-developed software for internal use. Purchases of intangibles are recognised initially at cost in the Statement of Financial Position except for purchases costing less than 2000 which are expensed in the year of acquisition other than where they form part of a group of similar items which are significant in total. These assets are carried at cost less accumulated amortisation and accumulated impairment losses. Intangibles are amortised on a straight-line basis over its anticipated useful life. The useful lives of the Foundations intangibles are 2 to 4 years. 1.14 Comparative figures Comparative figures have been adjusted to conform to changes in presentation in the financial report where required. 1.15 Contingent Liabilities and Contingent Assets Contingent liabilities and contingent assets are not recognised in the Statement of Financial Position but are reported in the notes. They may arise from uncertainty as to the existence of an asset or liability or represent an asset or liability in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain and contingent liabilities are disclosed when settlement is greater than remote. 170 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 1.16 Taxation The Foundation is a not for profit organisation and is exempt from income tax under Section 50-45 of the Income Tax Assessment Act 1997 and sub section 511 of the Australian Sports Commission Act 1989. The Foundation is not exempt from Fringe Benefits Tax FBT and Goods and Services Tax GST. Revenues expenses liabilities and assets are recognised net of GST except where the amount of GST incurred is not recoverable from the Australian Taxation Office and for receivables and payables. Note 2 Events after the Reporting Period There was no subsequent event that had the potential to significantly affect the ongoing structure and financial activities of the Foundation. 171 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 3 Expenses Note 3A Employee Benefits Salaries and related expenses reimbursed to the Commission 365856 616185 Salaries and related expenses 625328 - Total employee benefits 991184 616185 Note 3B Suppliers Goods and services Provision of goods and services by the Commission - 8516 Administration reimbursement to the Commission 11213 579557 Provision of goods and services 738309 - Sundry expense 15594 445 Bank charges 61358 61129 Total goods and services 826474 649647 Goods and services are made up of Rendering of services related entities 11213 588073 Rendering of services external parties 815261 61574 Total goods and services 826474 649647 Total supplier expenses 826474 649647 Note 3C Grants Public sector Local Governments 313150 48067 Private sector Not for profit organisations 18280033 19770061 Total grants 18593183 19818128 Note 3DDepreciation and amortisation Depreciation Furniture and equipment 455 - Computer hardware 3228 - Total depreciation 3683 - Amortisation Intangibles Computer software 20888 - Intangibles Website development 28449 - Total amortisation 49337 - Total depreciation and amortisation 53020 - 172 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 4 Income Own-Source Revenue Note 4A Sale of Goods and Rendering of Services Donations 24317189 17443147 Grants 200000 1500000 Transaction fee recovery 106531 8000 Total sale of goods and rendering of services 24623720 18951147 Sale of goods and rendering of services are made up of Rendering of services related entities 200000 1561033 Rendering of services external parties 24423720 17390114 Total sale of goods and rendering of services 24623720 18951147 Note 4B Interest Deposits 146538 187280 Total interest 146538 187280 Gains Note 4C Gains Resources provided to the Foundation by the Commission - 624701 Total gains - 624701 173 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 5 Financial Assets Note 5A Cash and Cash Equivalents Cash on hand or on deposit 15649576 10515419 Total cash and cash equivalents 15649576 10515419 Note 5B Trade and Other Receivables Goods and services in connection with Related parties - 1500000 External parties 535340 329829 Total receivables for goods and services 535340 1829829 Other receivables GST receivable from the Australian Taxation Office 26284 39275 Interest 245 669 Total other receivables 26529 39944 Total trade and other receivables gross 561869 1869773 Less impairment allowance account Goods and services - - Other - - Total impairment allowance account - - Total trade and other receivables net 561869 1869773 Receivables are expected to be recovered in No more than 12 months 561869 1869773 More than 12 months - - Total trade and other receivables net 561869 1869773 Note 6 Non-Financial Assets Note 6A Property Plant Equipment Furniture fittings plant and equipment At fair value 12037 - Accumulated depreciation 455 - Total furniture fittings plant and equipment 11582 - Note 6BComputer hardware At fair value 29930 - Accumulated depreciation 3228 - Total Computer hardware 26702 - 174 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 6CIntangible assets Software and website development At cost 182952 - Accumulated amortisation 49337 - Total software and website development 133615 - Note 6D Reconciliation of the opening and closing balances of non-financial assets Furniture Fittings Plant and equipment Computer hardware Intangible assets Total As at 1 July 2014 - - - - Additions 12037 29930 182952 224919 DepreciationAmortisation 455 3228 49337 53020 Closing balance 30 June 2015 11582 26702 133615 171899 175 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 7 Payables Note 7A Suppliers Trade creditors and accruals 112879 460301 Total supplier payables 112879 460301 Supplier payables expected to be settled within 12 months Related entities 34716 251467 External parties 78163 208834 Total 112879 460301 Supplier payables expected to be settled in greater than 12 months Related entities - - External parties - - Total - - Total supplier payables 112879 460301 Settlement is usually made within 30 days. Note 7B Other Payables Unearned application fees 13250 15000 Employee benefits payable 16859 - Total other payables 30109 15000 Total other payables are expected to be settled in No more than 12 months 30109 15000 More than 12 months - - Total other payables 30109 15000 Note 7C Employee Provisions Leave 24068 - Total employee provisions 24068 - All employee provisions are expected to be settled within 12 months 176 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 8 Equity Future grants As at start of reporting period 11909891 13230723 Transfers to from retained earnings 4306397 1320832 As at end of reporting period 16216288 11909891 Nature and purpose of reserves The future grants reserve includes donations received from which grants may be made in the following year. From the 16216288 held as at 30 June 2015 the Board of Directors approved grants of 12236912 ex GST for payment as follows Approval date Amount approved 5th August 2015 7232151 7th August 2015 4543273 14th August 2015 461488 At the corresponding time in 2014 the Board of Directors approved grants of 7411283 ex GST for payment on 24 July 2014 from 11909891 held as at 30 June 2014. 177 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 9 Cash Flow Reconciliation Reconciliation of cash and cash equivalents as per Statement of Financial Position to Cash Flow Statement Cash and cash equivalents as per Cash Flow Statement 15649576 10515419 Statement of Financial Position 15649576 10515419 Difference - - Reconciliation of net cost of services to net cash from operating activities Net cost of contribution by services 4306397 1320832 Adjustments for non-cash-items DepreciationAmortisation 53020 - Movements in assetsliabilities Increase decrease in net receivables 1307904 627386 Increase decrease in supplier payables 347422 450930 Increase decrease in other payables 15109 - Increase decrease in employee provisions 24068 - Net cash from used by operating activities 5359076 1497288 178 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 10 Directors Remuneration The number of non-executive Directors of the Foundation included in these figures are shown below in the relevant remuneration bands 0 to 29999 4 4 Total 4 4 2015 2014 Total remuneration received or due and receivable by Directors of the Foundation 8320 - There are no Executive Directors of the Foundation. The Directors of the Foundation during the financial year were Mr Mark William Stockwell Chair Appointed 1 July 2014 Mr Michael Bushell Appointed 28 January 2015 and resigned 2 June 2015 Ms Sally May Carbon OAM Appointed 7 May 2008 Mr Joshua Maurice Liberman Appointed 28 January 2015 Mr John Marshall Pearce Appointed 30 April 2015 Mr Ken John Ryan AM Resigned 30 September 2014 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 10 Directors Remuneration The number of non-executive Directors of the Foundation included in these figures are shown below in the relevant remuneration bands 0 to 29999 4 4 Total 4 4 2015 2014 Total remuneration received or due and receivable by Directors of the Foundation 8320 - There are no Executive Directors of the Foundation. The Directors of the Foundation during the financial year were Mr Mark William Stockwell Chair Appointed 1 July 2014 Mr Michael Bushell Appointed 28 January 2015 and resigned 2 June 2015 Ms Sally May Carbon OAM Appointed 7 May 2008 Mr Joshua Maurice Liberman Appointed 28 January 2015 Mr John Marshall Pearce Appointed 30 April 2015 Mr Ken John Ryan AM Resigned 30 September 2014 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 10 Directors Remuneration The number of non-executive Directors of the Foundation included in these figures are shown below in the relevant remuneration bands 0 to 29999 4 4 Total 4 4 2015 2014 Total remuneration received or due and receivable by Directors of the Foundation 8320 - There are no Executive Directors of the Foundation. The Directors of the Foundation during the financial year were Mr Mark William Stockwell Chair Appointed 1 July 2014 Mr Michael Bushell Appointed 28 January 2015 and resigned 2 June 2015 Ms Sally May Carbon OAM Appointed 7 May 2008 Mr Joshua Maurice Liberman Appointed 28 January 2015 Mr John Marshall Pearce Appointed 30 April 2015 Mr Ken John Ryan AM Resigned 30 September 2014 179 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 Note 11 Related Party Disclosures Details of Directors remuneration are set out in Note 10. Apart from the details enclosed in this note no Director has entered into a contract with the Foundation since the end of the previous financial year and there are no contracts involving Directors interest existing at year end. The Foundation did not receive resources free of charge from the Commission in the 2014-15 financial year. In the 2013-14 financial year resources provided free of charge by the Commission totalled 624701. As at 30 June 2015 the following Director was also a Board Member of the Commission Mr Mark Stockwell In June 2015 a grant of 200000 was approved for payment to the Foundation by the Commission 2013-14 1500000. 180 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 12 Key Management Personnel Key Management Personnel Remuneration Expense for the Reporting Period Short-term employee benefits Salary 495126 160908 Annual leave accrued 18606 11877 Performance bonuses - - Total short-term employee benefits 513732 172785 Post-employment benefits Superannuation 46630 25668 Total post-employment benefits 46630 25668 Other long-term employee benefits Long-service leave - 1651 Total other long-term employee benefits - 1651 Termination benefits Voluntary redundancy payments - - Total termination benefits - - Total key management personnel remuneration expenses 560362 200104 In 2014 the above amounts in total were paidaccrued by the Commission as part of resources received free of charge For the year ended 30 June 2015 there were 4 employees classified as key management personnel 2014 1 employee. 181 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 Note 13 Members Funds The Foundation is incorporated under the Corporations Act 2001 and is a public company limited by guarantee. Every member of the Foundation undertakes to contribute to the property of the Foundation in the event of winding up to an amount not exceeding 100. The income and property of the company shall be applied solely towards the promotion of the objectives of the company and not for distribution in any way to the members of the company. As at 30 June 2015 the Foundation has 4 members 30 June 2014 4 members. 2015 2014 Note 14 Remuneration of Auditors Financial statement audit services provided to the Foundation 9500 10700 No other services were provided by the auditors of the Financial Report. 182 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 2015 2014 Note 15 Financial Instruments Note 15A Categories of Financial Instruments Financial Assets Loans and receivables Cash and cash equivalents 15649576 10515419 Trade and other receivables 535585 1830498 Total loans and receivables 16185161 12345917 Total financial assets 16185161 12345917 Financial Liabilities Financial liabilities measured at amortised cost Trade creditors 112879 460301 Other payables 30109 15000 Total financial liabilities measured at amortised cost 142988 475301 Total financial liabilities 142988 475301 Note 15B Net Gains or Losses on Financial Assets Loans and receivables Interest revenue 146538 187280 Net gains losses on loans and receivables 146538 187280 Net gains losses on financial assets 146538 187280 Note 15C Fair Value of Financial Instruments The fair value of all financial assets and liabilities of the Foundation equals the carrying value. Financial assets and liabilities are disclosed in the Statement of Financial Position and related notes. Note 15D Credit risk The Foundation is exposed to minimal credit risk as the majority of receivables are cash interest or amounts owed by the Australian Taxation Office in the form of Goods and Services Tax refund. The maximum exposure to credit risk is the risk that arises from potential default of a debtor. This amount is equal to the total amount of trade receivables 2015 535585 and 2014 1830498 The Foundation has assessed the risk of the default on payment and has allocated Nil in 2015 2014 Nil to an impairment allowance account. The Foundation has policies and procedures in place to manage its credit risk. The Foundation holds no collateral to mitigate against credit risk. 183 AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 Note 15E Liquidity risk The Foundations financial liabilities are payables. The exposure to liquidity risk is based on the notion that the Foundation will encounter difficulty in meeting its obligations associated with financial liabilities. This is highly unlikely due to the internal policies and procedures put in place to ensure there are appropriate resources to meet its financial obligations. Note 15F Market risk The Foundation holds basic financial instruments that do not expose the Foundation to certain market risks such as currency risk or other price risk. Interest rate risk The interest bearing item on the Foundations Statement of Financial Position is cash on deposit which is held in a bank account with a floating interest rate. There are no interest bearing liabilities on the Statement of Financial Position for the Foundation. Note 16 Contingent Liabilities and Contingent Assets There are no quantifiable unquantifiable or remote contingencies identifiable for the 2014-15 financial year 2013-14 Nil. Note 17 Commitments There are no capital operating lease or other commitments identifiable for the 2014-15 financial year 2013-14nil. 184 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 5 AUSTRALIAN SPORTS FOUNDATION AUSTRALIAN SPORTS FOUNDATION LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL REPORT For the year ended 30 June 2015 Note 18 Additional Company Information Australian Sports Foundation Limited is a public company limited by guarantee incorporated and operating in Australia. Registered name Australian Sports Foundation Limited ACN 008 613 858 ABN 27 008 613 858 Company Secretary Steven McDonnell appointed 30 June 2015 Registered office C- Australian Sports Commission Leverrier Street Bruce ACT 2617 Principal place of business Australian Sports Commission Leverrier Street Bruce ACT 2617 185 AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS DECLARATION For the year ended 30 June 2015 The Directors of the Australian Sports Foundation Limited declare that a the financial report as attached is in accordance with the Corporations Act 2001 including i giving a true and fair view of the financial position of the Australian Sports Foundation Limited as at 30 June 2015 and its performance as represented by the results of its operations and cash flows for the year ended on that date and ii complying with Australian Accounting Standards and Corporations Regulations 2001 and b there are reasonable grounds to believe that the Australian Sports Foundation Limited will be able to pay its debts as and when they become due and payable. Dated at _______________________________ city this _____________ day of _________________ 2015 ______________________________ ______________________________ Mark Stockwell Sally Carbon OAM Board Chair Director Signed in accordance with the resolution of the directors. AUSTRALIAN SPORTS FOUNDATION LIMITED DIRECTORS REPORT For the year ended 30 June 2015 Directors meetings Five directors meetings and three Audit Committee meetings were held during the financial year. The number of meetings attended by each director of the Foundation during the financial year is Director Board Meetings Audit Committee Meetings A B A B Mark Stockwell 5 5 - - Michael Bushell 2 2 - - Sally Carbon OAM 5 5 3 3 Josh Liberman 2 2 - - John Pearce 1 1 - - Ken Ryan 1 1 1 1 A - Number of meetings attended B Number of meetings held during the time the director held office during the year Principal activities The principal activity of the Foundation during the course of the financial year was to raise money for the development of sport in Australia. To achieve this the Foundation receives donations from individual and corporate philanthropists and distributions from ancillary funds and makes discretionary grants to eligible organisations in respect of sporting projects. The Foundations administration has been supported by the ASC in past years but during 201415 it has been implementing a strategy working toward operational separation from the Commission. This project is nearly complete and the Foundation is operating independently with a commercial and service-orientated focus aimed at substantially increasing the amount of money donated to Australian sport. Performance Measures The Foundations role is to raise money for the development of sport in Australia and its key objective is to achieve substantial growth in the amount of money donated. Achieving this growth requires an increase in the number of organisations that register to fundraise with the Foundation and an increase in the effectiveness of fundraising campaigns. It also depends on increased awareness of its role and capabilities within the sport and community sector and increased awareness of the benefits of donating to sport among the philanthropic community. Key performance indicators include the number of organisations that register with the Foundation and the amount of donations received. During the year the Foundation grew the number of registered projects by over 20 to 779 and increased donations by 17443147 to 24317189. 186186 06 C H A P T E R 187 188 appendixes andreferences Appendix 1 Funding to sports Appendix 2 Contact officers ChairCEO 193 Distribution officer 193 Annual Report contact officer 193 Freedom of Information officer 194 Shortened forms Summary of compliance Index 193 195 196 198 188 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES Appendix1Fundingtosports Table19NSONSOD201415Funding SportHighPerformanceSportParticipationWholeofSportSportGrantOtherTotal Archery62480027200000652000 Athletics8225000592800002600009077800 AustralianFootball01102000002450001347000 AustralianParalympic Committee58390000003100006149000 Badminton5650002370000080000882000 Baseball06560008450000800001581000 Basketball5947000816400004043007167700 BicycleMotocross458500202500000661000 Bocce026000260000052000 Bowls667200636800003000001604000 Boxing890000108000000998000 Canoeing50630002080000005271000 NationalSportingOrganisationsforPeoplewithDisabilities 189 SportHighPerformanceSportParticipationWholeofSportSportGrantOtherTotal Cricket2000001457000002450001902000 Cycling8661500690000001600009511500 Diving2375000272000002402200 Equestrian269875047200000900003260750 Fencing038600354000074000 Football19500001016000002650003231000 Golf1010000601600002500001861600 Gymnastics2846971113200000800004058971 Hockey609000080360000900006983600 IceRacing0330008300000116000 Judo66780016200000684000 Karate08600000086000 Lacrosse05000000050000 ModernPentathlon50000000050000 MotorSport037460027500000649600 Motorcycling042880033000005000763800 190 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES SportHighPerformanceSportParticipationWholeofSportSportGrantOtherTotal Netball21650001169800002600003594800 Orienteering012000086000080000286000 Polocrosse01510006100000212000 PonyClub025000300000055000 Rowing813500038380000800008598800 RugbyLeague071600000255000971000 RugbyUnion1238850832000002200002290850 Sailing8603000967800002900009860800 Shooting22900001762000002466200 Skate0686000000686000 SkiSnowboard76760019140000875001046500 Softball066360012150000800001958600 Squash6000003118001000000800001091800 SurfLifeSaving2000005236002504000900001064000 Surfing112251882320000800002025718 Swimming1110050012820000019000012572500 191 SportHighPerformanceSportParticipationWholeofSportSportGrantOtherTotal SynchronisedSwimming10000000 TableTennis290000353200103800080000827000 Taekwondo370000000150000520000 Tennis2612501142000002450001648250 TenpinBowling041000080000080000570000 TouchFootball0730000120000090000940000 Triathlon247000046640000800003016400 UniversitySport46000050000000510000 Volleyball250500033900000900002934000 WaterPolo347800013100000800003689000 WaterskiWakeboard013700016100000298000 Weightlifting36260021400000384000 WinterSportsOWI273864500002738645 Wrestling00500000050000 NSOTOTALS10308748424642500385160005551800137033384 192 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES SportHighPerformanceSportParticipationWholeofSportSportGrantOtherTotal AUSRAPID050000010000020000170000 BlindSports00065000065000 DeafSports0140000018500010000335000 DisabilitySports07500002100000285000 DisabledWintersport0750000600000135000 RidingfortheDisabled02500001000000125000 SpecialOlympics0500000445000100000595000 Transplant00070000070000 NSODTOTALS0415000012350001300001780000 OVERALLTOTALS10308748425057500385160012350005681800138813384 HighPerformanceincludesHighPerformanceAdditionalHighPerformanceTransitionFundingCompetitiveInnovationFundPersonalExcellence andAthletePathwaysandDevelopment. ParticipationincludesSportParticipationParticipationDemonstrationProjectCapabilityTransitionandParticipationInvestmentCapability. Withintheparticipationtotalanamountof3021900waspaidwithin201415butareforactivitiestobeundertakenin2015-16. OtherincludesWomenLeadersinSportSportingSchoolsPilotSportingSchoolsInnovationSportingSchoolsCapabilityandSGBCCapabilityand specialinitiatives. 193 Appendix 2 Contact officers ChairCEO Australian Sports Commission Leverrier Street BRUCE ACT 2617 or PO Box 176 BELCONNEN ACT 2616 Tel 02 6214 1111 Fax 02 6214 1836 Distribution officer People Capability and Communications Australian Sports Commission PO Box 176 BELCONNEN ACT 2616 Tel 02 6214 1111 Fax 02 6214 1836 Email publicationsausport.gov.au Annual Report contact officer Mr David Simpson People Capability and Communications Australian Sports Commission PO Box 176 BELCONNEN ACT 2616 Tel 02 6214 7342 Fax 02 6214 1836 194 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES Freedom of Information officer Members of the public may make requests in writing to the Minister for Sport or to officers of theASC regarding a range of policy and other matters. Enquiries relating to access to documents under the Freedom of Information Act 1982 can be made to Freedom of Information officer Australian Sports Commission PO Box 176 BELCONNEN ACT 2616 Email FOI_Officerausport.gov.au Each request must be in writing state that the request is an application for the purposes of the Freedom of Information Act provide information about the documents to assist the ASC to process the request and provide an address for reply. It is ASC policy that where they apply charges should be imposed for processing requests. However charges may be remitted reduced or not imposed for reasons including financial hardship or general public interest. A range of documents and information is provided free on theASC website at ausport.gov.au including documents provided under the Information Publication Scheme or released through the Freedom of Information Disclosure Log. 195 Shortened forms AASC Active After-school Communities ABS Australian Bureau of Statistics AIS Australian Institute of Sport ANAO Australian National Audit Office AOC Australian Olympic Committee ASADA Australian Sports Anti-doping Authority ASC Australian Sports Commission ASF Australian Sports Foundation CAC Commonwealth Authorities and Companies CASRO Committee of Australian Sport and Recreation Officials CEO Chief Executive Officer DAS Direct Athlete Support scheme NESC National Elite Sports Council NIN National Institute Network NSO National Sporting Organisation NSOD National Sporting Organisations for People with Disabilities PBS Portfolio Budget Statements PGPA Public Governance Performance and Accountability WHS Work Health and Safety 196 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES Summary of compliance The ASC is bound by legislative requirements to disclose certain information in its annual report. The main requirements are detailed in the Commonwealth Authorities Annual reporting Ordersand the Australian Sports Commission Act 1989. Annual report compliance requirements Page in this report Report of operations prepared by the directors. Throughout Financial statements prepared by the directors. 92141 Auditor Generals report on the financial statements addressed to the responsibleminister. 8990 Presentation to the responsible minister by the deadline specified for presentation to parliament. 3 The annual report is signed by a director and includes details of how and when approval was given. The annual report states that directors are responsible for the preparation and contents of the annual report. 3 3 Enabling legislation is specified including a summary of its objectives and functions as specified in its legislation. 64 The name of the current responsible minister and any responsible ministers during the relevant financial year are specified. 66 Details of directions issued by the responsible minister or other minister under the enabling legislation and requirements of other relevant legislation. 66 Information about directors is provided including names qualifications experience attendance at Board meetings and whether the director is an executive or non-executive director. 6676 The annual report provides an outline of the organisational structure the location in Australia or elsewhere of major activities and facilities Board committees and their responsibilities education and performance review processes for directors ethics and risk management policies. 5253 6 52 56 7778 77 7980 The decision-making process undertaken by the Board in relation to transactions with other entities. 75 Any key activities and changes that affected the operations or structure of theorganisation. 52 197 Annual report compliance requirements Page in this report The annual report provides details of judicial decisions and decisions of administrative tribunals that have had or may have significant impact on the operations reports about the authority by the Auditor General a parliamentary committee the Commonwealth Ombudsman the Office of the Australian Information Commissioner or the Australian Securities and Investment Commissioner. 80 80 Explanation if any information is missing from a subsidiary that is required to be included in the annual report. na Details of any indemnity given to an officer against liability including premiums paid or agreed to be paid for insurance against the officers liability for legal costs. 80 An index of annual report requirements identifying where relevant information can be found in the annual report. 198 The annual report complies with presentation and printing standards for documents presented to Parliament. Throughout The annual report uses plain English and clear design. Throughout Australian Sports Commission Act 1989 requirements Page in this report 482aa Specify the transactions and the state of affairs of the Australian Sports Foundation. 158184 482a Specify the particulars of each direction given to it by the minister under subsection 111. 66 482b An assessment of the extent to which its operations during the financial year have achieved its objectives as stated in the relevant strategic plan implemented the operational plan. 3949 482c Particulars of significant capital works undertaken by the Commission during the financial year significant acquisitions and dispositions of real property by the Commission during the financial year variations to the strategic plan and operational plan agreed by the minister during the financial year. 56 na na 198 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES Index A AASC Active After-school Communities programme 42 75 replacement with Sporting Schools 13 39 40 see also Sporting Schools initiative abbreviations 195 accountability 6482 Active After-school Communities AASC programme see AASC Active After-school Communities programme AIS see Australian Institute of Sport AIS Aquatic and Fitness Centre 56 AIS Bruce Campus 56 AIS High Performance Centre 56 AIS National Training Centre Pizzey Park 56 AIS Rowing Centre Yarralumla 56 AIS Sport Performance Awards 313 AIS Track and Field Centre 56 Alexander Lisa 31 Annual Operational Plan 75 Annual Report contact officer 193 Annual Sports Performance Review 14 41 43 48 49 ASC see Australian Sports Commission ASC Childcare Centre 61 asset management 87 athlete performance highlights 10379 athlete support see dAIS myAISplaybook athletics 28 33 Athletics Australia 14 Auditor-Generals report Australian Sports Commission 8990 Australian Sports Foundation 1567 auditors remuneration Australian Sports Commission 129 Australian Sports Foundation 181 audits internal 77 79 AusPlay survey 11 16 41 42 43 Australian Bureau of Statistics ABS 14 41 Australian Commonwealth Games Association 12 45 Australian Institute of Sport AIS and Australias Winning Edge 11 459 award winners 313 Bruce campus 52 Centre for Performance Coaching and Leadership 14 48 Centres of Excellence 15 56 facilities 52 56 history 4 organisational structure 53 partnerships with sporting bodies 46 Personal Excellence initiative 14 Podium Coach programme 48 programme locations 6 52 56 Sports Draft talent transfer programme 15 17 sports science and sports medicine support 48 Sports Tally 13 46 Australian Olympic Committee 12 45 47 199 Australian Paralympic Committee 12 14 15 45 47 188 Australian Sports Commission Act 1989 4 52 64 152 196 Australian Sports Commission ASC accountability 6482 activities 56 60 committees 778 corporate governance 645 75 corporate partners 59 enterprise bargaining 58 goals 10 history 4 key achievements 17 objectives and functions 645 operating environment 5 operational highlights 601 operations 45 organisational structure and functions 5261 outlook 16 overview 7 programme locations 6 52 56 regional offices 52 role 45 52 staff 6 52 travel 60 values 5 52 Australian Sports Commission Board activity 756 appointments 66 committees 778 members 6774 Australian Sports Commission Media Awards 345 Australian Sports Foundation Ltd activities 151 committees 154 company information 184 Directors declaration 185 Directors report 14555 donations to 61 144 financial statements 15984 funding model 154 objectives 144 152 organisational structure 152 performance measures 1512 separation from ASC 151 staff 152 Australias Winning Edge 2012-2022 strategy 5 11 13 449 benchmark targets and events 11 2630 45 high performance investment model 11 48 75 performance against Outcome 2 indicators 49 see also Annual Sports Performance Review myAISplaybook Sports Tally B balance sheet Australian Sports Commission 93 Australian Sports Foundation 160 basketball 15 28 33 Bates Katherine Board Member Australian Sports Commission 66 71 200 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES Beiersdorf Australia Ltd 59 benchmark high performance events 2630 46 BMX 27 Bogut Andrew 15 Bowles Martin Board Member Australian Sports Commission 66 72 broadcasting of sport 345 budget estimates 867 Bushell Michael Director Australian Sports Foundation 146 C Campaign Rio 47 Camplin-Warner Alisa Board member Australian Sports Commission 69 canoeing 26 29 31 Carbon Sally Board member Australian Sports Commission 12 66 73 Director Australian Sports Foundation 147 cash flow statement Australian Sports Commission 95 Australian Sports Foundation 162 Centre for Performance Coaching and Leadership 14 48 Centres of Excellence 15 56 Chairs message 1012 Chief Executive Officers message 1316 children see Active After-school Communities AASC programme Sporting Schools initiative Club Warehouse 59 Coach of the Year award 31 coaching AIS Performance Coach programme 14 48 Coach of the Year award 31 community coaches accreditation 40 Playing for Life philosophy 40 Podium Coach programme 48 review of community-level coaching 40 Sporting Schools 14 41 Comcover 79 80 Commercialisation Innovation and Technology Committee 78 commercialisation strategy 61 Commonwealth Authorities and Companies Act 1997 65 75 Commonwealth Fraud Control Framework 80 Commonwealth Games Glasgow 2014 11 1825 45 community participation in sport 39 see also participation in sport Outcome 1 company information Australian Sports Foundation 184 Competitive Innovation Fund 17 49 192 compliance summary 1967 conferences 15 16 conflicts of interest 127 contact officers 193 corporate governance 645 75 corporate partners 59 Corporate Plan 2015-19 65 75 cricket 26 Cure Amy 31 cycling 267 29 31 Cycling Australia 14 201 D Dairy Australia 59 dAIS programme 11 15 17 47 61 data collection 42 deliverables and key performance indicators Outcome 1 Improved participation in sport 423 Outcome 2 Excellence in sports performance 489 Dellavedova Matthew 15 Direct Athlete Support scheme see dAIS programme directors Australian Sports Foundation declaration by 185 meetings 151 remuneration of 178 report by 14555 disability sports 28 32 192 see also NSODs Paralympic sports donations to Australian Sports Foundation 61 144 Dutton Peter Minister for Health and Sport 12 16 34 E Ellis Liz Board Member Australian Sports Commission 12 66 73 employees see staff Environment Protection and Biodiversity Conservation Act 1999 82 environmental initiatives 812 equity statement of changes in see statement of changes in equity European Training Centre Varese Italy 52 excellence in sports performance Outcome 2 approach 45 deliverables and key performance indicators 489 highlights 457 overview 445 executive remuneration Australian Sports Commission 128 external scrutiny 801 F facilities management 56 facilities refurbishment 56 Farmer Patrick Board Member Australian Sports Commission 66 69 Fearnley Kurt 33 female athletes 11 female officials 15 FIFA Womens World Cup 15 Finance Audit and Risk Committee 77 79 financial outcomes summary 867 financial statements Australian Sports Commission 92141 Australian Sports Foundation 15984 football 15 Fox Jess 31 Fraser Andrew Board Member Australian Sports Commission 12 66 73 fraud 80 Freedom of Information Act 1982 81 freedom of information requests 81 194 202 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES funding dAIS 11 15 17 47 61 high performance sports 192 NSODs 192 NSOs 18891 see also grants and grant allocations fundraising 144 G Galea Bridie 33 Gallop David Deputy Chair Australian Sports Commission 12 66 678 Gatorade 59 Giving4Grassroots grants 144 Governance and Executive Performance Committee 77 Governance Principles see Mandatory Sports Governance Principles governance reforms 14 17 grants and grant allocations 11 127 144 see also dAIS Women in Sports Leadership Grants H heritage strategy 82 high performance sport 313 449 see also Australian Institute of Sport AIS Australias Winning Edge 2012- 2022 Outcome 2 Excellence in sports performance Sports Tally High Performance Sport Research 49 high performance strategy see Australias Winning Edge 2012-2022 hockey 27 32 Hollingsworth Simon Chief Executive Officer Australian Sports Commission 12 1316 human resource management see staff I income Australian Sports Commission 92 Australian Sports Foundation 159 indemnity insurance for officers and directors 80 155 independent auditors report Australian Sports Commission 8990 Australian Sports Foundation 1567 Independent Review of Athletics in Australia 14 Information Publication Scheme 81 insurance 80 155 internal audit programme 79 international sports cooperation 46 International Standard for Environment Management Systems ISO 140012004 81 internet resources see online resources investment in sport for high performance programmes 44 48 75 for participation 14 38 41 42 J Japan Sports Council 46 judicial decisions 80 junior sport see AASC Active After- school Communities programme Sporting Schools initiative 203 K kayaking 27 key management personnel remuneration Australian Sports Foundation 180 key performance indicators Outcome 1 Improved participation in sport 423 Outcome 2 Excellence in sports performance 489 knowledge sharing see Campaign Rio conferences online resources Kookaburras 32 L Lee John Board member Australian Sports Commission 70 legislation requirements 645 Ley Sussan Minister for Sport 12 16 Liberman Joshua Director Australian Sports Foundation 148 M Mandatory Sports Governance Principles 14 75 77 Marangon Damien 32 Market Segmentation Study for Volunteers 14 Matildas 15 media coverage of sport 345 ministerial directions 66 Ministers for Sport 12 16 34 66 Moneghetti Steve Board Member Australian Sports Commission 66 71 Morris Jennifer Board Member Australian Sports Commission 66 72 myAISplaybook 14 17 47 N National Institute Network 49 National Officiating Scholarship programme 15 national sporting culture 5 10 national sporting organisations for people with disability see NSODs National Training Centre Pizzey Park 52 56 Nestl Australia 59 netball 27 31 32 NSODs national sporting organisations for people with disability 192 NSOs national sporting organisations capability building of 75 and Centres of Excellence 15 community-level coaching support programmes 40 funding for 16 41 42 48 18891 governance 14 75 77 high performance plans 48 Mandatory Sports Governance Principles 14 75 77 participation plans 16 39 services and support for 10 39 48 75 see also Annual Sports Performance Review Australias Winning Edge 2012-2022 strategy O occupational health and safety see work health and safety Office of the Australian Information Commissioner 80 81 204 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES Olympic and Paralympic Games London 2012 11 13 45 Olympic and Paralympic Games Rio 2016 11 45 see also Campaign Rio online resources ASC learning portal 17 for athletes 14 47 for community coaches 40 Operational Effectiveness Review 60 operational highlights 601 Operational Plan see Annual Operational Plan organisation chart 53 Osmond Margy Board member Australian Sports Commission 12 66 74 Our Sporting Future conference 2015 16 out of school hours care services and AASC programme 13 40 Outcome 1 Improved participation in structured physical activity particularly organised sport at the community level including through leadership and targeted community-based sports activity approach 39 deliverables and key performance indicators 423 highlights 401 overview 38 Outcome 2 Excellence in sports performance and continued international sporting success by talented athletes and coaches including through leadership in high performance athlete development and targeted science and research approach 45 deliverables and key performance indicators 489 highlights 467 overview 445 P Pacific Brands Clothing Pty Ltd Berlei 59 Palmer Kate 32 Para rugby 32 Paralympic sports champions 2830 Sports Draft 15 participation funding 14 participation in sport Outcome 1 approach 39 deliverables and key performance indicators 423 highlights 401 overview 38 partnerships and collaborations 12 49 Australian Bureau of Statistics 14 41 corporate partners 59 Pearce John Director Australian Sports Foundation 149 people management 545 PepsiCo Australia Gatorade 59 performance against deliverables and key performance indicators Outcome 1 Improved participation in sport 423 Outcome 2 Excellence in sports performance 489 Performance Coach programme 14 48 performance highlights 205 Outcome 1 Improved participation in sport 401 Outcome 2 Excellence in sports performance 467 Performance Leaders programme 14 48 Personal Excellence initiative 14 Pizzey Park National Training Centre Gold Coast 52 56 planning and accountability 65 Playing for Life philosophy 40 Play.Sport.Australia strategy 5 13 14 aims 39 75 participation investment model for funding 10 41 staffing 52 see also AusPlay survey Plympton Andrew Board member Australian Sports Commission 70 77 Podium Coach programme 48 PricewaterhouseCoopers 79 privacy 80 Public Governance Performance and Accountability Act 2013 3 65 publications distribution officer 193 R regional offices 52 related party disclosures Australian Sports Commission 127 Australian Sports Foundation 179 remuneration of auditors 129 181 of directors Australian Sports Foundation 178 of executives Australian Sports Commission 128 of key management personnel Australian Sports Foundation 180 Research into Action 49 research programmes 14 49 risk management 79 rowing 29 56 Rowing Australia 56 rugby 29 32 rugby league 33 Ryan Ken Board member Australian Sports Commission 12 66 74 Director Australian Sports Foundation 150 S sailing 27 29 33 scholarship programmes 15 schools see AASC Active After-school Communities programme Sporting Schools initiative shooting 27 32 shortened forms 195 site management 56 skiing 28 30 snowboarding 28 soccer 15 South Sydney Rabbitohs 33 sponsorship 59 61 sport achievements 1835 sporting organisations see NSODs NSOs 206 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 201415 CHAPTER 6 APPENDIXES AND REFERENCES Sporting Schools initiative 10 11 13 14 16 17 funding 75 and Outcome 1 Participation 38 39 41 42 roll out 75 sports broadcasting 345 Sports Draft talent transfer programme 15 17 sports governance principles see Mandatory Sports Governance Principles sports science and sports medicine support 48 Sports Tally 13 46 see also Australias Winning Edge 2012-2022 strategy staff 52 enterprise bargaining 58 gender profile 55 location of 6 profile 54 work health and safety 58 statement by the Commissioner Chief Executive Officer and Chief Financial Officer 91 statement of cash flows Australian Sports Commission 95 Australian Sports Foundation 162 statement of changes in equity Australian Sports Commission 94 Australian Sports Foundation 161 statement of comprehensive income Australian Sports Commission 92 Australian Sports Foundation 159 statement of financial position Australian Sports Commission 93 Australian Sports Foundation 160 Steelers 32 Stockwell Mark Deputy Chair Australian Sports Commission 68 Director Australian Sports Foundation 145 summary of compliance 1967 surfing 28 Sutcliffe Ken 34 swimming 28 2930 T taekwondo 28 Thomson Michael 13 Track and Field Centre 56 travel 60 triathlon 28 2XU Pty Ltd 59 Unilever Rexona 59 United Pacific Industries Pty Ltd Elastoplast 59 V values 5 52 Varese Italy training facilities 52 56 volunteers 14 207 W web resources see online resources women 11 15 17 Women in Sports Leadership Grants 17 work health and safety 58 Work Health and Safety Act 2011 58 Work Health and Safety Governance Forum 58 Working Together for Australian Sport ASC Strategic Plan 2011-2012 to 2014-2015 65 world champions 13 2630 World Class to World Best conference 2014 15 Wylie John Chair Australian Sports Commission 1012 67 Wynyard Yacht Club 33 Y yachting 33 Yarralumla training facilities 56