AnnualReport_2007-08[1] MOPT

8/6/2019 AnnualReport_2007-08[1] MOPT

1/44

Melbourne & olyMpic parks TrusT

annual reporT 2008


2/44


3/44

contents

The purpose of The TrusT 4

Governance and execuTive ManaGeMenT 5

The chairMans reporT 6

The ceos reporT 7

hiGhliGhTs 2007-08 8

fasT facTs 9

our parTners 11

financial overview 14

financial sTaTeMenTs 1539

adMinisTraTive reporTinG requireMenTs 4041

disclosure index 42


4/44

4 Melbourne & olyMpic parks TrusT

the PurPose of the trust

The TrusT is The cusTodian of a siGnificanT vicTorian asseT.

esTablishMenTT M om p Tt (MopT)

t 5 ot 1995 t t t

T M om p at 1985 ( m). it

t t mg t nt T ct Tt

(t 13 n 1985) t om p cmmtt

Mgmt (m g 1909). u t at t

t Mt t h Jm M, Mt

st, rt yt a.

The Melbourne and olyMpic parksacT 1985The Purpose of the Act:

T t at t t 3 :

T t M om p Tt t

mt t nt T ct, om p

t t t t t,

t t, t ttmt

T t mgmt t t

nt T ct om p

T t mt t nt T

ct om p

T t mt, mt, mgmt,

t t, t ttmt

t vt t t t t t

nt T ct om p.

u t at t Tt t g m

t:

T t , mmt,

mt t nt T ct om

p t t, t t, t

ttmt

T t t nt T ct om

p t t t t t t

t t

T g t t t nt

T ct om p -

t t t t t

T mgmt

t nt T ct om p

T t g, mt, mt,

mgmt, t t t, t

ttmt t vt

T t mt, mt, mgmt,

t t t g

t t

jt t t t t mg

t Tt

T t tmt t mmtt

mgmt c .

The TrusTs visionT g g mgt t t mt

t ttmt t.

our MissionT M om p Tt sttt att,

t t t t mg t M

om p t. T Tt ,

tt tt t t:

t t t at o

m at t;

ttt t t g tt

t tg ttmt t;

M t mt;

t vt mj t, tm t

ttg.


5/44

5annual reporT 2007.08

Governance and executive ManaGeMent

sTaTeMenT of corporaTe Governancep t t t Tt t

mgmt , g t g t

t tt t Tt t tgt

tg. T Tt g t t

mt t gt t t g

t t t Tt m

t Tt.

reMuneraTion coMMiTTeeT Tt t rmt cmmtt

t g t Tt t t

mt t tm t mt

g t t t. T cmmtt mt

m mmt t t Tt

. T mm t cmmtt g t

30 J 2008 :

r c (c)

s ntt

J Mi

G p

J h

d n

finance audiT and risk coMMiTTeeT Tt t f at r cmmtt

t t Tt t t mtt g t t

:

f tg, tg t t

r mgmt

G

fg

T cmmtt mt mt m t

m mmt t t Tt .

T Mm t cmmtt g t 30 J

2008 :r c

s ntt (itm c 23 a 08)

J Mi (c t 19 M 08)

J c

G p

sTraTeGic planninG coMMiTTeeT Tt pg cmmtt t t

t t t t t Tt t g

t ttg g t.

T Mm t cmmtt g t 30 J

2008 :

r c (c)

s ntt

J h

kt J

G p

TrusTees

execuTive

at r

b Mc et

J Mi oaM

d sm

J TG Mgot

G p aM

J b oaM

d n

Mg wa cttg Ttg Mg

Tt bhm rMg

J JMarketing andcommuniations Manager

d stt d b

r c

d Mc f o

kt J s ntt aoJ hT hJ c

a TG Mgpt s


6/44


the chairMans rePort

M om p tt t t M gt t t t tt vt. i m

t t tt t t t

gg t t t gt t; i t m

tm cm t gt tm. i t t

m Tt m m gt

t m t .

T Tt, t t gt vt t,

mt t t t t gg gg

, tt, t t. lt dm

t M om p (ammt) at 2007 m

t t, gt t t t t

t t t t tm mtttt. T gt g t t

t t mt t t

t t t t.

dg t at o, t pm t gt

t t g M om p g

tm tt t t tg t. h

gt $1.5m t t

t t mt t t. T g

t Tt t, t T

at, t t t. T Tt

T at tt t $250,000 t t

.

it t tg g t

t t t mg t t t t

gg tg. T at o ttt

605,735 m t 554,858 t

. T Tt t gtt G p, st

w t tm t T at t ttg

mt g t gt at o. T

tg t t

tmt. T jt t Tt t t at o mt t g t t t

tt m t G sm tmt.

T tt tt t rtg stm pjt

t G ctt t jt

ttg t m m t t. T

tm g t 2010 t m

t t t t mtt

tt t t mt t tg tg

vt. i t t t tt t

m t t s ntt, t c t stm

pjt ct G tt d stt,

Mj pjt vt t dtmt pg cmmt dmt t t t jt.

o t Tt, i t t t

tg Tt. J Mi ttg

tt t t 22 J b

gt t g 8 t t Tt m t

t om p cmmtt Mgmt. i

t m d b t t Tt i t

tt.

i m gt t m t t b M

tm t

t t Mt M t vt Gmt t gg mmtmt t t t t t

Tt. it tg gg tm i

t g t mtg t

M vt.

Russell Caplan


7/44


the ceos rePort

i tt, tm tt 396 (g at o) tg m t 1.76 m

tt tg t $18 m

(g tt , gt, t g

t). T mt t t t tt tt

t t t t ttmt t t tt

.

T at o g ttt m,

mttg t gg gt t t t

tt tg. T t t t T

at tgt t . a t gg

mmtmt t m t o , t g g g

g Mtt M, g

t ht ft m g.

w mmtt t mg gg t t

t t t mt

t t t ttmt t.

a tg tt m t t g t

, m g b d t t s

pg, G st, c d, l r, T

wgg, i M M hgg. r l a

tt 153 t Jt Tm t

g t t tt n

dm. T t tg t t t

16,183 t.

T mg gt t

m v a gtt

t t t

g g t h at. h

a tt 142 g t

g: hg s M, cm

ft, r et, at

dt cm rm

r. T st dg t

tm t a t m

anZ cm t tm

t M v t .

M, g

rt tt t tt

tt . T a t

t g t mj

tg t t g

t g t mg.

om p stm t 13 M

stm gm g . w

gtt t M stm t 2007 m t tm g t tm. om

p 101 t tt g t t

m tt t Tt a

s tt.

o mt gt t jt, t M rtg

stm, t t t t jt t

2010 g. ot gt t jt mt

t t tt t

t, t mt t ft ct t

t , t t t t m,

tt t t g tt, g t tt tm mmt t . i

, $10m t t t t tg t

t jt.

i t t t cm, r c,

t Tt t gg t t t t

M p g t . w t

, t t t

t tgt.

Brian Morris

0

5,000

10,000

15,000

20,000

25,000

$000Operating Profit*

*Operating profit excludes interest revenue, grants, depreciation and borrowing costs

Annual Operating Profit

2000 2001 2002 2003 2004 2005 2006 2007 2008


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hiGhliGhts 2007-08

ausTralian open sMashes records

rt t p , t at o t t . a G sm 4 t 62,885 g t M p t . T g t 605,735 t

at o.

wt t mt n dj a i mgg t, g t g g a

c d, t tmt t . it t tt t gt, t t t 4

46m htt bgt tt jt .

T at o m ttmt t t t sg

rg c at G p t t MopT T

at t m mm t .

JusTin TiMberlake brinGs crowds backT tm Jt Tm

tg m t r l a. a tt

16,183 18 nm m t m mm t

t t t. ht t gt g t

mmt m gt .

ot m M p tg

at m ttmt b d, M b, f

fgt, Mt Tt, l rt, pg/, G st,

r stt T wgg!

Melbourne recTanGular sTadiuM eMerGesT g t M rtg stm t t 2010. i J t tt t t t tt t m . wt t t , tmt g t t

tt mgg.

new boundariesf m t M & om p t m m

t t t jt t tt.

T m ; t Tt mg

t t g , g t mj t G

p. T m t tm

t t tg.

Melbournes perfecT sTorMM stm t t om p t t

t t nrl tt 2007. i mt ,

t t 13 m gm. o

t , t stm g tt t rtg

stm m g g 2010.


9/44

fast facts

9annual reporT 2007

MaJor capiTalexpendiTure proJecTs

it t t $4.739m

T t h a $0.969m

ctg t $0.467m

p t g ( g) $0.430m

e t t m $0.361m

ft ct mt $0.324m

wt g tt $0.211m

ug t gtg t

t h a $0.176m

r m

t h a $0.158m

n tgt t r

l a $0.150m

fasT facTsnm tt a 295

nm tt om p/ 101

nm tt t

M p ft ct 109

nm rla T t 6556

nm mt.m t t 328,640

l MopT jt 40 ()

T mg tt 12 ()

G mg tt 4 ()

stg t t t t 400,000 t

rt t mt 2006>2007 13.25m t 10%

wt tgt t 70-75%

wt t t at o 293 t (73%)

c t Jt Tm 18/11/07 (rla ) 16,183

att t 2008 at o () 605,735

c t ao, 4 (1 G sm ) 62,885

Tm t htt bgt gm 4.33m

M. stm 2007 t t t om p 100%

iniTiaTives b p t

n Tmt ct m

Mt pt M

T f st

(ht ft )

amt g ao

$2m t

($250 MopT tt)


10/44


staff at work


11/44


our Partners

TenanTsatt vt

cg ft c

M vt

om p st M ct

T at

T vt

vt ittt st

suppliersc s

c-c amt

dg at

h at

nt f M lt

nt pt

p r at

business parTners and reGular hirersa MM pt

at st s

c stg rggg

cgg ettmt

cg vtdt ct ettmt

d nt cm at

f ettmt

ft Tg

ft ettmt

h at

M stm

M c pt

st dg


12/44


13/44


14/44


FINANCIAL OVERVIEW

Th ttmt th t t t th tvt f M & oym pk Tt f th y dd 30 J 2008.

Th t t f 2008 t f $104.258 m (2007: $15.802 m). Th t t dd $97.955 m,

tg ddty vd f d th djt t th M d oym pk t gtd t th

Tt fm v tt. Th gt ttd 3d pty ctt.

Th Tt vd gt fm th Vt Gvmt ttg $79.294 m f hh $78.579 m ttd

ttd t (2007: $1.746 m f hh $1.146 m ttd ttd t), th gt f

tt td th tt f th rtg stdm, mvmt t Gh pddk, th dvmt f

f th M d oym pk t d mt f yg tmg qmt t H a.

Tt v f 2008 $70.342 m, (2007: $67.364 m). Th y vd t xt y th

m d qty f vt hd, ttg t hgh yd v tm h v h, tktg, tg d

mhdg.

Th gt ft hg th v :

Th f dvy f at o th d ttd f 605,735;

a yt at my d tg at d td rd lv a tgg my hgh qty

tt vt. Th ty f tt h Jt Tmk, c D, Mthx 20, rd stt, b Dy

d Mh b td hgh vt yd;

H a tt td t g, htg 15 kt mth d mvd m f t d yg

vt. Th v d f m f mmty vt, ft d t.

Tt xdt 2008 $64.040 m, (2007: $51.562 m). Th xdt d t;

i vt td xdt th th vt td v;

i dt t d t ddt vt f ld & bdg t 30 J 2007 hh d

pty, pt & eqmt ( mtd dt) y $101.510 m.

pty, pt & eqmt ( mtd dt) d y $136.231 m md t t y, my d

t d v (g pty p id qd y th F Mgmt at 1994) d xdt

th M rtg stdm.


15/44


Melbourne & olyMpic parks TrusT

FINANCIAL STATEMENTS

operaTinG sTaTeMenT

balance sHeeT

casH Flow sTaTeMenT

sTaTeMenT oF cHanGes in equiTy

y edd 30 Ju 2008


16/44


MELBOURNE & OLYMPIC PARKS TRUST

OPERATING STATEMENTFOR THE YEAR ENDED 30 JUNE 2008

nt 2008 2007 $000 $000

RevenuefRomcontinuingactivities

rv fm tg tvt 3 70,342 67,364

trr 70,342 67,364

expensesfRomcontinuingactivities

a cttg & Ttg 1,903 2,089

F & admtt 6,323 3,984

Mtg & cmmt 10,213 12,551

ot 25,465 19,641

pt sv 6,348 6,215

Dt 1(), 6, 7 13,398 6,240

F ct 4 391 844

tr 64,040 51,562

nrr 2 6,303 15,802

rv at f 3d pt ld 3(d) 97,955 -

nrrrrrd 104,258 15,802

Tt hg t th th th tg

fm tt th Vt stt Gvmt

t t 104,258 15,802

Th v sttmt f pfm shud d jut wth th mpg ts.


17/44



BALANCE SHEETAS AT 30 JUNE 2008

nt 2008 2007 $000 $000

cuRRentassets

ch d ch evt 12() 32,688 34,252

Td d oth rv 5 100,044 2,850

ivt 7 13

pmt 77 97

Tt ct at 132,816 37,212

non-cuRRentassets

pt pt & emt 6 697,774 561,543

itg at 1(),7 124 183

Tt n ct at 697,897 561,726

t 830,714 598,938

cuRRentliabilities

Td d oth p 8 14,431 21,592

itt bg lt 1(j),10(),() 4,031 5,707

em bt 1(d), 9() 1,404 1,361

Tt ct lt 19,867 28,659

noncuRRentliabilities

itt bg lt 1(j),10(),() - 5,044

em bt 1(d), 9() 214 188

Tt n-ct lt 214 5,232

Tt lt 20,080 33,891

na 810,633 565,047

equity cttd ct 11() 334,709 256,130

amtd s 11() 161,503 57,246

at rvt rv 1(), 11(), 314,421 251,671

t 11(d) 810,633 565,047

Th v sttmt f pst shud d jut wth th mpg ts.


18/44



CASH FLOW STATEMENTFOR THE YEAR ENDED 30 JUNE 2008

nt 2008 2007 $000 $000

cashflowfRomopeRatingactivities

rt fm ctm d V im fm od atvt 76,168 71,558

GsT rvd/(pd) fm/t at Txt of (3,032) (2,840)

itt rvd 1,885 1,154

pmt t s & em (58,836) (56,995)

bg ct pd 4 (391) (844)

nrdd/(d)r 12() 15,794 12,033

cashflowsfRominvestingactivities

pmt f Fxd at (89,218) (6,465)

nrdd/(d) (89,218) (6,465)

cashflowsfRomfinancingactivities

pd fm ct ctt y stt Gvmt 11() 78,579 1,146

rmt f bg (6,720) (5,802)

nt h vdd /(d ) g tvt 71,859 (4,656)

nr/(dr)d (1,565) 912

ch t th gg f th 34,252 33,340

cdr 12() 32,688 34,252

Th v sttmt f sh ws shud d jut wth th mpg ts.


19/44



STATEMENT OF CHANGES IN EQUITYAS AT 30 JUNE 2008

nt 2008 2007 $000 $000

br 565,047 446,588

cttd t 11() 78,579 1,146

nt t vt mt(dmt) 1(),11() 62,750 101,510

nrddr 141,329 102,656

nt t f d 11() 104,258 15,802

trddrrd 11(d) 245,585 118,459

bdr 11(d) 810,633 565,047

Th v sttmt f hgs qut shud d jut wth th mpg ts.


20/44


NOTES TO FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008

note1 statementofsignificantaccountingpoliciesTh fg mm f gt tg d t vdd t t th dtdg f th

Tt ttmt.

() ba

Th g- t h d d th th F

Mgmt at 1994, at atg stdd d ugt i G ittt.

Th t h d th f ht t, xt f th vt f t t d

t, hh, td, t vt.

Th tg t t hv d g th ttmt f th dd 30 J2008 d th mtv fmt td th ttmt f th dd 30 J 2007. wh

t, mtv mt td d d tt th th t .

()Rncrra

st t th t gt t, -t h t, th th t, mt & vh,

md t f v. pt, mt & vh md t t. rvt md th ft

gt t tht th g mt f h t d t dff mt fm t f v t th tg

dt. rvt d d mtd ddt mt, t t v v .

rvt dtd d th th Vt Gvmt p p Vt f n-ct ph

at d m th at atg stdd aasb 116.

rvt mt dtd dt t th t vt v, xt tht, t th xtt tht mt

v vt dmt t f tht f t v gd x th t

t, th mt gd mmdt v th t t. rvt dmt gd

mmdt x th t t, xt tht, t th xtt tht dt xt th t vt

v t f th m f t, th dtd dt t th t vt v. rvt

mt d dmt fft gt th th f -t t.

() Dr

i m th at atg stdd aasb116, dt h hgd xd t d

t dvmt, th th xt f ld. Th v f dt md g th tght-

mthd, t t t t th tmtd f f t th Tt f h dvd t. etmt f th mg

f v f t vd d g fm gt th z t vt . Th tt

t t t vd v $1,000, ht t f th $1,000 v xd mmdt.


21/44


NOTES TO FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 30 JUNE 2008

note1 statementofsignificantaccountingpolicies(d)

(d)eb

() wg, s d a lv

lt f g d , dg -mt t d v xtd t ttd th

12 mth f th tg dt gd th v f m t t f m

v t th tg dt, d t t d md t th m v.

Th t tht t xtd t ttd th 12 mth gd th v f m

t -t t, md t t v f th mt xtd t d h th

t ttd g th mt t xtd t t th tm f ttmt.

() lg sv lv

a t f g v v gd, d md th t v f xtd ft

mt t md t f v vdd m t th tg dt. cdt

gv t xtd ft g d v, x f m dt d d f v. a

dt vtd g v v tg 7 gt f t v dd

d th aasb 101, t t. extd ft mt md t m v

h mt f th t t xtd t f d th 12 mth ft th d f th d

d dtd h th Tt d t xt t tt mt f th t th 12 mth. Dt

t d tt t t Gvmt gtd t th tm t mtt tht

mth, , th tmtd ft h t.

() st

Th mt hgd t th ttmt f fm t f t t th

tt md th Tt t t fd ( t 10()).

()RR

rv gd h v dd d h th Tt g t v th dg t.

itt vtmt gd h d.

() Rda

amt th t hv dd t th t thd d, th , t th t d.

()crdc

Tf fm th Dtmt f pg cmmt & Dvmt (DpcD) tht th t f tt

dtt f t hv dgtd ttd t.


22/44



note1 statementofsignificantaccountingpolicies(d)

()gddsrt

im, x d t gd t f th mt f td GsT, th GsT d t

v fm th txt tht. i th t gd t f th t f t f th t

t f th x.

rv d ttd v f th mt f GsT v . Th t mt f GsT

v fm, t, th txt tht dd th th v th ht.

ch td g . Th GsT mt f h g fm vtg g

tvt hh v fm, t th txt tht, td tg h .

() ia

itg t t dt -mt t tht h t. itg t

gd t t. ct d t t t t td h t xtd tht ddt

ft m t t th Tt.

(j) lda

l d hv th tm f th tf tt th d d

t th . a th d tg . at hd d gd

t f th Tt t th f v , f , t th t v f th mmm mt, h dtmdt th t f th . Th dg t t th dd th ht

gt.

note2 ResultfoRtheRepoRtingpeRioD

nt 2008 2007

$000 $000

Th t t f th tg d vd t ft:

crdrrrdr

adt-G F 47 33

D f dd T ct 2,400 -

amt t d f:

- a lv pv 428 495

- lg sv lv pv 1,190 1,054

- bd & Dtf Dt 24 -


23/44



nt 2008 2007 $000 $000

note3 RevenuefRomoRDinaRyactivities

rv fm d tvt m th fg:

or:

V im fm od atvt () 66,622 64,620

n-or:

M2006 cmmth Gm () 0 150

sg Fd im () 440 417

ctt fm Thd pt (d) 1,396 658

itt rvd 1,884 1,519

70,342 67,364

() virordra

V im fm od atvt t th Tt g, v gtd v tm hh

m evt/Ft td m. rv gd th Tt ft h vt h d.

Th Tt tg d th dt t tht t hf f v h fm tt d, f

mttg th t d t th h. sh mt, td fm d d t thd t hf f v

h, dd v d xdt f th Tt. Th f th mt h mt thtg t f th Tt.

) m2006cgR

i 2007-08, th v f M2006 cmmth Gm. Th M 2006 cmmth Gm

ct vdd $0.15m fdg dg th 2006-07 tg d tt td th dt

t d th Tt t th th M 2006 cmmth Gm.

() skfdi

Th D nth sg Fd mgd jt th Tt d D nth. D nth m mth

tt t th sg Fd. Th t jt dtm th mt f th mt mvmt f

tg mt t hd fm th sg Fd.

Th T at sg Fd mgd jt th Tt d T at. T at tt

t th sg Fd. Th t jt dtm th f th sg Fd th t f t t

mvmt t th t.


24/44



note3 RevenuefRomoRDinaRyactivities(d)

(d)crrtrdpr

MopT h gtd v f d t th v f $97.955m. Th tf f th f d h

d thgh pmt t dt d h MopT hv gd th tf 3d pt ctt

v.

Th DpcD ttd $0.45m td mvmt t Gh pdd.

Th DpcD ttd $0.25m td fmt f f th dvmt f M d oym pk.

Th DpcD ttd $0.015m td th mt f g t tmg mt f t H a.

T at ttd $0.681m td th fg f t t.

note4 financecosts

F t dd 2007/2008 $0.391m ($0.844m 2006/2007) d t t tt ht tm d g

tm g. Th t td dg th tg d t f th g mt

f fg t d th vtmt v d d fd tht h ddtd fm th

t d.

note5 tRaDeanDotheRReceivables

nt 2008 2007

$000 $000

ct Dt () 99,622 2,450

pv f Dtf Dt () (16) -

ad rv 438 400

100,044 2,850

() crrDr(30J2008)

ctd th th Dt b t 30 J 2008 v f v f d hh hv

tfd t MopT t th v f $97.955m. wh mt vd tht th d tf hv

hd th Gvmt Gztt, th v tfd t ld Fxd at.

()prrDD

b t th bgg f th y

- -

+ n v gd dg th 16 -

b t ed f y 16 -


25/44



note6 pRopeRty,plant&equipment nt 2008 2007

$000 $000

ld t f v (30 J 2008) () 313,750 -

ld t iddt Vt (30 J 2007) - 251,000

313,750 251,000

bdg & imvmt t iddt Vt (30/06/07) 529,827 533,408

l amtd Dt (244,373) (233,313)

285,454 300,095

bdg & imvmt t ct 7,318 -

l amtd Dt (247) -

7,071 -

pt & emt (dg Vh) t ct 20,611 19,546

l amtd Dt (17,931) (17,306)

2,680 2,240

ctt pg 88,818 8,208

Tt pt, pt & emt 960,324 812,162

l amtd Dt (262,550) (250,619)

697,774 561,543

() ldr(30J2008)

ld t ddt vd t J 30 2007 d h vd t J 30 2008 g pt p

id d th F Mgmt at 1994. Th vt dx d f Vt ld cmm

M 3000 hh 1.25.


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note6 pRopeRty,plant&equipment(d)Rprr,p&e

rt f th g mt f h f t, t & mt t th gg d d f th

t t t .

ld bdg & pt & ctt

imvmt emt i pg Tt

2008

cg mt t tt f 251,000 300,095 2,240 8,208 561,543

addt - - - 89,192 89,191

D - (2,400) - - (2,400)

Tf - 7,318 1,264 (8,582) -

Dt - (12,488) (824) - (13,312)

rvt 62,750 - - - 62,750

crrdr 313,750 292,525 2,680 88,818 697,774

2007

cg mt t tt f 247,615 202,204 2,968 6,938 459,725

addt - - 6,594 6,594

D - - (131) - (131)Tf - 5,167 157 (5,324) -

Dt - (5,401) (754) - (6,155)

rvt 3,385 98,125 - - 101,510

crrdr 251,000 300,095 2,240 8,208 561,543

note7 intangibleassets

nt 2008 2007

$000 $000

itg at 448 420l amtd Dt (324) (237)

124 183

note8 tRaDeanDotheRpayables

cdt - G 824 2,372

- evt Fd Hd Tt 8,351 15,350

ad ex 3,785 1,776

pd rv 1,471 2,094

14,431 21,592


27/44



nt 2008 2007 $000 $000

note9 employeebenefits

() aldlsrl

pv d th th tg td nt 1(d).

Th em bt t 30 J 2008 td :

crr

a v d lsl ttmt tg

7 gt f t v

- sht-tm m t, tht f d th

12 mth ft th d f th d md t

m v 428 496

- oth g-tm m t tht d t f d

th 12 mth ft th d f th d md

t t v. 976 865

1,404 1,361

n-rr

lsl tg th 7 f t v

md t t v 214 188

1,618 1,549

()sr

Th Tt t tt t th t hm dtd f th m h t t

m mm. em ttd t J 2000 d t t tt mmm f 3% f t

th mtd t hm, t hh th Tt dd m tt f 3% ddt t th

st Gt lv f 9% (. tt m tt mxmm f 12%). F th m

th mxmm m tt t t th st Gt lv f 9%. Th m f th m

t fd th tt gt th $10,000 d:

() aMp Fx st $11,349

() c Ft stt p $27,850

() Ht $53,747

(v) nvgt s st $208,107

(v) at s-sTa st Fd $842,934

(v) sd G rtmt st $11,844

Tt ctt f 2007/2008 $1,281,332

Th Tt t xd t t d th tt d d mt f tt t th v

fd t th Tt gt d th st Gt at. a t 30 J 2008, th mt f

tt ttdg $57,077. Th t fm f th t fd.


28/44


29/44



nt 2008 2007 $000 $000

note11 equityanDmovementsinequity

() crdc

Dg th tg d, Th DpcD ttd $78.579m t th Tt ($6.0m 2005/06 d $1.146m 2006/07)

td th tt f th tg tdm. Mvmt cttd ct f th tg d

dd f:

og ttd t 256,130 254,984

ct ttd dg th th Vt stt Gvmt 78,579 1,146

cg ttd t 334,709 256,130

()adsr

og mtd 57,246 41,444

nt t f th tg d 104,257 15,802

cg mtd 161,503 57,246

() aRRr

Th at rvt rv d t d mt d dmt th vt f -t t,

dd tg nt 1(). Th at rvt rv d f:

og v 251,671 150,161

nt /(d) t vt v 62,750 101,510

cg v 314,421 251,671

(d)ce

Tt t t th gg f th tg d 565,047 446,589

imt t cttd ct 78,579 1,146

Tt hg t gd th ttmt f F fm 104,258 15,802

imt t at rvt rv 62,750 101,510

Tt t t th d f th tg d 810,633 565,047


30/44



nt 2008 2007 $000 $000

note12 cashanDcashequivalents

() RcfrddroranRrRrprd

nt rt f th rtg pd 104,258 15,802

n csh ws optg rsut

-Dt 13,398 6,240

-G/l s f Fxd at 2,400 0

-ld Gt rv (97,955) 0

chgs assts & lts

-(i)/D rv d pmt 786 (759)

-i/(D) p (6,538) (8,841)

-i/(D) pd rv (623) (652)

-i/(D) em bt 69 243

nt ch vdd fm otg atvt 15,794 12,033

()ca

F th f th ttmt f ch F, h d:

() ch hd d dtd v t th d ttt.

() ivtmt m mt v t th d ttt.

() ivtmt m mt tmt th th tv mth t mtt th d

ttt.

- ch t hd 33 53

- ch hd Tdg b at t 2,014 3,931

- ivtmt b Dt t 10,441 8,367

- ivtmt b M Mt v th 12 mth 20,200 21,901

32,688 34,252

at 30 J 2008, th Tt hd $8.351m tt d th f $0.621m hd Tdg b at hd ttd.


31/44


32/44



note16 financialinstRuments

tr,dd

Th Tt tm, dt d tg t f tmt, th gd d

gd, m th at atg stdd aasb 7, f:

fir ap trdcd

F at

ch t & vtd ch dt gd t

tg dt, dg d

tt t dt. itt dd v t .

ch th hd t dt t g

tt t v t, vtd f

ht xd tm d m mtt t xd t.

Td dt Td dt d t mt

d. Th tt f dt

d t dt d

v md f md

t.

Td dt 30-d tm

fm th d f mth hh th v

d. n-t dt t

v t d th t TcV 11m

t, hgd t.

F lt

Td dt d Td dt d

gd f mt t d th ft f gd v

vd, hth t d t th

Tt.

Td dt m ttd th

30 d fm th d f th mth hhth v d.

l p l t th T

ct f Vt gd

t th Tt t t

dt.

V th TcV t xd t

dtmd t 11m t f xd ht

tm d. Th Tt xd th

TcV xd mt, t d tm,

t.


33/44



note16 financialinstRuments(d)itt rt r

ex t tt t gt. Mmt f hvd m dtg ht tm xd

t -tt g tmt. MopT tt g t xd vdd T

ct f Vt. MopT x t tt t t t :

Fxd tt Mtg :

Ftgitt rt

1

ov 1 t5

M th5

n ittbg

Tt

$000 $000 $000 $000 $000 $000

2007/2008

fa

ch t b & o Hd 12,455 20,200 - - 33 32,688

sd Dt - - - - 2,089 2,089

12,455 20,200 - - 2,122 34,777

wghtd avg rt 7.20% 7.70%

fl

sd cdt, a

& pd rv - - - - 17,471 17,471

l p - 4,031 - - - 4,031

- 4,031 - - 17,471 21,502

wghtd avg rt 5.86%

2006/2007

fa

ch t b & o Hd 12,298 21,900 - - 54 34,252

sd Dt - - - - 2,850 2,850

12,298 21,900 - - 2,904 37,102


fl

sd cdt, a

& pd rv - - - - 21,592 21,592

l p - 5,707 5,044 - - 10,751

- 5,707 5,044 - 21,592 32,343


Fg cu rsk

MopT xd t gt fg thgh t tg t h f d

m fm v. Th f mtd mt f h dmtd fg d ht tmfm t mmtmt d ttmt. at J 30 2008, MopT dd t hv d h

ttdg hh ttmt fg .


34/44



note16 financialinstRuments(d)cdt rsk expsu

cdt fm th t f MopT, hh m h d h vt d td d th

v. MopT x t dt fm th tt dft f t t th tt

gt tg t MopT. cdt md t f v d mtd g .

cdt td th MopT t mm t MopT t d th tt th

hgh dt tg d t t ft t dt hmt h t.

i ddt, th MopT d t gg hdgg f t t.

pv f mmt f t td d t x, d t d xtd hg

t dt tg. at dt MopT t hh hv dtd md dtd

:

nt 2008 2007

$000 $000

irdRa

ct - -

1-30 D - -

31-60 D - -

61-90 D - -

91-120 D - -

+120 D 16 -

Tt imd rv t d f 16 -

MopT mxmm x t dt t dt th g mt f dt dtd :

nt 2008 2007

$000 $000

Ra

ct 1,709 2,251

1-30 D 292 374

31-60 D 51 209

61-90 D 12 7

91-120 D 3 (2)

+120 D 22 11

Tt rv t d f 2,089 2,850


35/44



note16 financialinstRuments(d)lqudt rsk

ldt h MopT t mt t gt th f d. Td dt m

ttd th 30 d fm th d f th mth hh th v d. it t mg

thgh mtg ft h d mtt g t dt hdg f hgh t d t

d dg hgh d mt.

MopT x t dt dmd gt d d dt (: MopT ht f ttg dt)

d t mt f . ch f xtd vt g d fm dt f v-f-

vtmt.

MopT Mxmm x t dt th g mt f t dtd th fg t:

fla*

nt 2008 2007

$000 $000

6 mth 11,251 20,830

6-12 Mth 2,101 2,090

1-2 y - 4,180

Tt p t d f 13,352 27,100

* Ths muts pst udsutd gss pmts udg th pp d tst muts

nt F Vus

nt f v f t d t dtmd th Tt th fg m:

ch t b Th g mt t f v t t mt

f t thd th Tt t tm tht t

d t thd ft xd ht tm t xd t.

Td Dt Th g mt t f v t t tt

gt th dt.

Td cdt & a Th g mt t f v t t tt

gt th Tt.

l Th g mt t f v t t tt

gt th Tt


36/44


37/44



note17 ResponsiblepeRsonsDisclosuRes(d)

() ortr

cmm dg dt 2007/2008 th T at d T Vt, th f hh hv

ttv hdg t Tt th M & om p Tt.

Dg 2007/2008, th Tt vd T at $20,309,093 ($16,987,488 2006/2007) d t 30 J 2008,

T at d th Tt $144,692 ($61,769 t 30 J 2007). M Gffy pd hd t th M

& oym pk Tt d hd th t f chm f T at. T at th mt f th

at o vt, t h th Tt m d t f fm th Tt.

Dg 2007/2008, th Tt vd T Vt $117,572 ($144,744 2006/2007) d t 30 J 2008, T

Vt d th Tt $26,705 ($540 t 30 J 2007). M Dvd stt hd t th M & om

p Tt d hd th t f pdt f T Vt d d mm f T at. T

Vt t f th Tt m d h td v fm th Tt.

Th th v mt ttdg t t td t, t 30 J 2008.

note18 opeRatingleaseReceivables

a t tg dt, tg v td t 5 t gmt. otg v t 30

J 2008 (GsT v) :

nt 2008 2007

$000 $000

nt t th 1,348 1,506

lt th d t t th v 5,569 5,272

lt th v 16,702 18,311

Tt otg l rv 23,619 25,089


38/44


CERTIFICATION

i d th t f th mm f th M d om p Tt d :

() th mg t f th Tt, mg tg ttmt, ht, h ttmt

d ttmt f hg t d jt th th t tht t f th t f

th Tt f th dd 30 J 2008 d th stt f aff f th Tt tht dt;

() th t hv d d th th F Mgmt at 1994, at atg

stdd d th mdt f tg mt; d

() t th dt f th ttmt t f mt hh d d t dd

th ttmt t mdg t.

Rc

Mm f r bd

chm

M d om p Tt

brmrr

at of

Tt st & chf extv of

M d om p Tt

Dmr

chf F of

M d om p Tt

M 27 agt 2008


39/44


INDEPENDENT AUDITORS REPORT

Melbourne anD olyMpic parks TrusT

To THe MeMbers oF THe parliaMenT oF VicToriaanD TrusTees oF THe TrusT

tfRrTh myg t f th y dd 30 J 2008 f th M d oym pk Tt hh m mttmt, ht, h ttmt, ttmt f hg qty, mmy f gt tg d th

xty t t d fmg t f th t, d th tt h dtd.

tRtrrfRrTh Tt f th M d oym pk Tt f th t d th f tt f th t d th at atg stdd (dg th at atg ittt) d th tg qmt f th F Mgmt at 1994. Th ty d:

thg d mtg t t vt t th t d f tt f th t tht ffm mt mttmt, hth d t fd

tg d yg t tg

mkg tg tmt tht th mt.

adrRa qd y th adt at 1994, my ty t x th t d th dt, hh h dtd d th at adtg stdd. Th stdd q m th vt th qmttg t dt ggmt d tht th dt d d fmd t t hth th t f fm mt mttmt.

a dt vv fmg d t t dt vd t th mt d d th t. Th dtd td dd jdgmt, dg th mt f th k f mt mttmt f th t,hth d t fd . i mkg th k mt, dt gv t t t vt t th Tt

t d f tt f th t d t dg dt d tht t th mt,t t f th f xg th fftv f th Tt t t. a dt d vtgth t f th tg d, d th f tg tmt md y th Tt, vtg th v tt f th t.

i v tht th dt vd td ft d t t vd f my dt .

mrrerpraddfRrTh adt t t t th ttmt hd th th t d th t f M d oympk Tt f th y dd 30 J 2008. Th Tt f M d oym pk Tt f th tgty f th t. i hv t ggd t t th tgty f th t. Th dt t f y t ttmt md v. a t vdd y th fmt hh my hv hykd t fm th ttmt. if f th t dth th ht k g fm t dt mmt, thy dvd t f t th hd y f th dtd t

t m th fmt dd th dtd t td th M d oym pk Tt t.

iddTh adt-G dd thd y th cttt at 1975. Th adt-G t jt t dt y y t th y hh h d t t xd. Th adt-G, h tff d dgt my

th dd qmt f th at tg f.

adroi my , th t t fy, mt t, th t f th M d oym pkTt t 30 J 2008 d t fm d h f th y th dd d th atatg stdd (dg th at atg ittt), d th tg qmt f th F

Mgmt at 1994.

Melbourne D.D.r. p

29 agt 2008 adt-G

lv 24, 35 c stt, M V. 3000

Th: 61 3 8601 7000 Fm: 61 3 8601 7010

em: [email protected]. wt: .dt.v.gv.


40/44


ADMINISTRATIVE REPORTING REQUIREMENTS

FreeDoM oF inForMaTionFdm f ifmt (Foi) gmt fd th Tt d th d thd d thFdm f ifmt at 1982.

Th Tt vd Fdm f ifmt t dg 2007/08.

coMpeTiTiVe neuTraliTy policy coMplianceTh Tt mmttd t th mmtt f mt f th mttv tt d td tht t

tvt m th th Vt Gvmt cmttv ntt p.

sTaTeMenT oF coMpliance wiTH THe builDinG acT 1993.Th Tt m th th vt gd, t t st 220 f th budg at 1993.

iMpleMenTaTion oF THe VicTorian inDusTry parTicipaTion policyi ot 2003, th Vt pmt d th Vt idt ptt p at 2003 hh d

d d dtmt t t th mmtt f th Vt idt ptt p (Vipp). Th Tt

d t th Vipp td v $3 m mtt M d $1 m g Vt. Th

Tt dd t mm mt tt dg 2007/08 t hh th Vipp .

Financial anD oTHer inForMaTion reTaineD by THe accounTable oFFicerrvt fmt dtd F rtg Dt (FrD) 22b stdd D th rt f ot

d th F Mgmt at 1994 st 3 td th Tt at of d v t.

wHisTleblowers proTecTion acT 2001Th t f th t t fmt tht d t hd d th wht ptt

at 2001 st 104.

Th Tt h thd tt d f hdg d md d th wht ptt at 2001

d th th gd d th omdm Vt. a f f th d v M &

om p t htt://.mt.m..

Th d d dtd fmt t;

d t f th D of d th D cdt;

dtty v;

d f th dt f vtgt;

t t tk ft vtgt;

mgg th f f th ht;

mgmt f th gt hm d h md.

) Th t d thd y M d oym pk Tt d pt 6 f th at fd .mt.m.;

) Th Tt h vd d dg th y.

) Th Tt h t fd y d t th omdm f dtmt t hth thy tt

d dg th y;

d) Th omdm h t fd y dd mtt t th Tt dg th y;

) Th Tt h t fd y dd mtt t th omdm t vtgt dg th y;

f) Th omdm h t tk v y vtgt f dd mtt fm th Tt dg th y;

g) Th Tt h md qt d t 74 f th at t th omdm t vtgt dd mtt dg th y;

h) Th Tt h t dd t vtgt dd mtt dg th y;

) Th hv dd mtt tht tttd vtgt. Th h t qd t

dtk g fm vtgt, th hv vtgt; dj) Th omdm h t md mmdt d th at tht t t th Tt.


41/44


ADMINISTRATIVE REPORTING REQUIREMENTS (CONTINUED)

occupaTional HealTH anD saFeTy (oH&s)ov th t tv mth th h gd g md g th Tt fm th fot Hth d sft. Th tt th th oH&s jtv d t mgmt d tff

fft t vd f vmt. a f f th Tt oH&s v M & om p

t htt://.mt.m..

consulTanTsedr$100,000rr

Th jt hh td xdt f gt th $100,000 f 2007-2008

edr$100,000

nm: 14(75 2006/07)

Tt amt: $250,791

($613,710 2006/07)

risk aTTesTaTion sTaTeMenTi, ch f th Tt, tf tht M & om p Tt h dgd mgmt fm tht

tt th th at/n Zd r Mgmt stdd.

Th Tt t vf t th tm tht hv tht h t vd th th t 12 mth.

w hv dvd tgd t f : t f t d t f ttg . Th

vtd d td g th dd mgmt fm t t ttg dt th xt t.

w hv td ddt mt f k fmk dg d 2009 mmtt f k mgmt.

Th fg tvt fmd dg 2009 t fth md th k mgmt fmk d t t

ytm tht th extv d b ut Mg t dtd, mg d tfty t k x:

1. edt extv, rk o, b ut Mg, d y th my h hv t f

mgg k x.

2. F t k thgh ttd k mt d mmt ttmt t dg

y/d dt.

3. lk xtg t dt gm t tm fm th k mt.

4. Dv mgmt t f mt gm t tty t th t v f g d

mgg th t vmt.

5. Dv d f 2009 k tttt.

r c

chm


42/44


DISCLOSURE INDEx

Th a rt f M & oym pk Tt d d th Vt lgt. Th dx h

d t ftt dtt f m th ttty d qmt.

MinisTerial DirecTions

chrterndpure

FrD 22b M f thmt d th vt Mt 4FrD 22b ojtv, ft, d dt 4FrD 22b nt d g f v vdd 4

mngeentndtruture

FrD 22b ogt stt 5

finnindtherinrtin

FrD 10 D dx 42FrD 15b extv f d 36FrD 22b at d t f Freedom of informton act 1982 40FrD 22b at d t f th whstleloers protecton act 2001 40FrD 22b cm th dg d mt v f buldng act 1993 40FrD 22b Dt f t v $100,000 41FrD 22b Dt f t d $100,000 41FrD 22b Mj hg ft fftg fm 14FrD 22b ot Hth d sfty 41sD 4.5.5 rk atttt sttmt 41FrD 22b sttmt f vty f th fmt 40FrD 22b sttmt cmttv ntty py 40FrD 22b smmy f t f th y 14

FrD 22b smmy f mj tvt 9FrD 22b sqt vt n/aFrD 25 Vt idty ptt py d 40

finnistteentrequiredunderprt7thefma

sD 4.2 () b sht 17sD 4.2 () ch sttmt 18sD 4.2 () otg sttmt 16sD 4.2 () sttmt f chg eqty 19sD 4.2 () at f dt 38sD 4.2 () cm th at tg tdd d th

thttv mt 20sD 4.2 () cm th Mt Dt 38

sD 4.2 (d) rdg f mt 21sD 4.2 (f) Md F rt 20

otherdiureinntetthennitteent

FrD 9a Dtmt d f dmtd t d t n/aFrD 11 D f x-gt ymt n/aFrD 13 D f mty t n/aFrD 21a r d xtv f d 36,37

legitin

Freedom of informton act 1982

buldng act 1983

Fnncl Mngement act 1994

audt act 1994whstleloers protecton act 2001

Vctorn industry prtcton polcy act 2003


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AnnualReport_2007-08[1] MOPT

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Transcript of AnnualReport_2007-08[1] MOPT