I N T E R N A T I O N A L

RiverFoundation

Reviving The World’s RiversAnnual Report 2011/12

Contents02About Us

04Chairman’sReport

05CEO’sReport

06Highlights2011/12

08Thiess International Riverprize

18Partnering with Business

15FinancialSummary

14CorporateGovernance

COVER: Willamette River, Oregon © Freshwaters Illustrated

SPREAD: Bethanga Bridge © Howard Mitchell

09Australian Riverprize

12IRFPartners

About UsInternational RiverFoundation works in partnership with organisations around the world to fund and promote the sustainable restoration and management of river basins. As an dynamic civil society organisation, we have a life-changing impact on individuals and communities.

By helping restore and sustainably manage rivers we have achieved improved health, ecological, economic, and social outcomes in over thirty-fi ve countries.

IRF provides governments, companies and individuals with the opportunity to be part of the solution to sustainable river basin management through tackling the biggest problems facing our planet today.

As a Foundation, we are fi nanced by donations from individuals, companies and governments that are passionate and committed to making a difference. Our workis only restricted by the amount of funds we can raise.

Our Values § We operate with an independent, global and non-political stance in the interest of

providing a service for public good.

§ We act as a catalyst for river improvement worldwide through inspiring, rewarding and encouraging best practice river restoration and management.

§ We work directly with river and wetland managers in a ‘bottom-up’ leadership approach to restore rivers and achieve on-ground results with improved ecological, social and economic benefi ts for communities.

§ We are directly concerned with the transfer of best practice science into practical application that creates tangible results.

§ We build partnerships and alliances with organisations worldwide to achieve mutually benefi cial outcomes.

Our Goals § To advocate for the restoration of river systems around the world.

§ To engage national and international organisations on the importance of sustainable river basin management.

§ To ensure knowledge regarding effective river system management is available to those who need it.

§ To reward and champion those who are making signifi cant achievements in the protection, restoration and management of river systems.

§ To act as a catalyst for the replication of effective river system management practices and promote long-term relationships for sharing knowledge.

§ To promote long-term relationships between countries and organisations concerning the sustainable management of river systems.

02 IRF Annual Report 2011/12

Our MissionInternational RiverFoundation has a mission to drive the restoration, protection and sustainable management of river systems around the world.

SPREAD: Kashmir Winter - Dal Lake, Srinagar, India © Sitthixay Ditthavong - www.sitthixay.com

Our VisionInternational RiverFoundation envisions a future in which every river system around the world is healthy and sustainably managed.

Our MissionInternational RiverFoundation has a mission to drive the restoration, protection and sustainable management of river systems around the world.

Our VisionInternational RiverFoundation envisions a future in which every river system around the world is healthy and sustainably managed.

Chairman’s Report CEO’s Report

04 IRF Annual Report 2011/12

This last fi nancial year has seen the IRF move through a period of change into a phase of global growth and expansion. During 2011/12 we launched new program initiatives, developed a suite of new media channels and increased the number of organisations with whom we partner to address the challenges of integrated river basin management.

The regional strategy outlined by IRF Chairman Professor Gary Jones saw a new offi ce and program commence in Vienna, supported by a MoU with the International Commission for the Protection of the Danube River. In the same year, we jointly launched the European Riverprize in Lille and in Brussels thanks to EC support. And importantly, in the United Nations Year for Cooperation in Water, we expect that the regional strategy will extend our partnerships into North America and Asia.

Whilst the external fi nancial environments, both globally and locally, are challenging, the IRF has managed to achieve global growth by staying the course with our regionalisation strategy. I thank the Chairman and the Directors on the IRF Board for their guidance and steadfast support throughout the year.

As part of our international outreach, the IRF spoke at major international events including Stockholm International Water Week, Lille CIWEM conference, the Landcare New Zealand National Conference, EU Green Week, the International Riversymposium, the Wuhan city planning forum, AWRA Annual Forum in Albuquerque, the International River Summit in Iloilo and the Greening Our Economy forum in Davao. We thank all of the IRF Ambassadors who have helped promote the IRF’s programs by participating in these events.

During the period we welcomed Patricia Dalby to the role of Marketing and Communications Coordinator and our newest appointment, Melanie Ryan, in the role of Programs Manager. Our Finance Manager, John Hayes, was also appointed to the role of company secretary. Our thanks to the volunteers and interns, Sarah Honan for her design work and Diana Cuervo Reyes for the design and implementation of our marketing strategy into Latin America.

We thank Dr Natalie Baker for her many years of inspirational commitment and hard work in the role of Programs Manager which she managed with aplomb and her connection to rivers and waterways continues with her new role with IRF founding member, Brisbane City Council.

The return of the International Riversymposium to Brisbane, just months after a major fl ood event, saw great interest in the presentations from countries such as the Netherlands and the USA on managing their basins, fl ood strategies and building resilience into their landscapes and cities. These themes will be further debated at the Symposium in Melbourne 2012 under the theme Rivers in a Rapidly Urbanising World.

As is the case every year, the Brisbane Riversymposium provided a great venue for our fl agship program, the Thiess International Riverprize, which was narrowly won by the Charles River Watershed Association over Melbourne Water’s Yarra River entry which received a highly commended accolade by the judges.

The Sunshine Coast Rivers Initiative, with its integrated approach to working with community environmental organisations across fi ve catchments, won the Australian Riverprize funded by the Australian Government’s Water for the Future initiative, through the Water Smart Australia program. Both winners have exciting Twinning programs under development and these will feature in this year’s IRF media and our portfolio of investment opportunities.

We’d like to thank our dedicated Australian and International Riverprize judges who did a marvellous job in awarding the Sunshine Coast Rivers Initiative and the Charles River Watershed Association their respective awards. Our Riverprize narration by celebrated British comedian Griff Rhys Jones was popular, as was the gala dinner MC, Arron Wood, the celebrity environmentalist with the Murray River running through his veins. We thank them both for their donation of time and energy to the IRF cause.

The work we began in 2011 to reach out to the global community of practice is really starting to gain momentum with new partnerships formed with global companies including BMT WBM, Alluvium Jacob’s Creek and Thiess. It is important to recognise that these companies have a pedigree in river basin management and add enormously to the IRF capabilities as members of our community of practice in addition to their valued fi nancial support.

The challenges posed by river basin management are well beyond the scope of any one organisation to tackle and it is only through partnerships that we are able to advance the integration of skills, resources and passion to drive the improvements we need to see in rivers around the world if they are to support our economies and livelihoods through this coming century.

The partnership highlight of 11/12 was the renewal of the Thiess Pty Ltd relationship that will see the IRF engaged in the full gamut of staff and project activities to support the company’s new corporate social responsibility platform; Thiess Cares. We look forward to the coming three years of collaboration built on our longstanding relationship.

We wish to thank those organisations that have renewed their commitment to working with the IRF during the year and we welcome new partners in the IRF’s growing global community of practice.

Matthew ReddyIRF CEO

2011-2012 has seen the implementation of new and important initiatives, as well as the successful continuation of our fl agship Australian and International Riverprizes and Twinning programs.

In 2011, the Board launched the new international regionalisation strategy. Our aim is to reach out, through collaborative partnerships and joint activities, to the world’s river basin organisations - large and small - and to their public and private stakeholder communities. We set out to partner with regional host organisations, to establish Regional Councils to guide regional IRF activities and programs, to raise funds, to establish and promote Regional Riverprize awards, and to better engage our international network of IRF River Ambassadors.

I am very pleased to write that this year the IRF has signed a Memorandum of Understanding with the International Commission for the Protection of the Danube River (ICODR), 2007 winner of the Thiess International Riverprize, to establish an IRF Europe offi ce and regional advisory council. The inaugural chair of the European IRF Council is ICPDR Executive Secretary Philip Weller.

The IRF-ICPDR partnership has also announced the inaugural IRF European Riverprize, to be awarded at the EU Restore Conference in Vienna, Austria in September 2013. The winner of the 2013 European Riverprize will automatically qualify as a fi nalist for the 2014 Thiess International Riverprize. Chair of the European Riverprize Judging Panel is Mr Bart Fokkens, who is well known across Europe as the Chairman of the European Centre for River Restoration.

I wish to sincerely thank Philip Weller, the ICPDR member countries and their representatives, and Bart Fokkens, for their commitment and support for the IRF Regional partnership and European Riverprize.

Partnership discussions are also progressing with potential IRF partner organisations in Asia and in North America. It is the Board’s ambition to establish similar regional partnerships in North & South America, Asia, and Africa over the next three to fi ve years.

Of course, with this new strategy comes the challenge of raising new funding partners in each region. As well as seeking government support, we are looking to partner with private companies that understand the need to maintain an environmentally sustainable water and river basin footprint for their business activities. Given water is so important to many businesses, this includes a broad range of industries including agriculture, mining, energy, manufacturing and construction.

The 2011 Australian and International Riverprizes were awarded at the annual International Riversymposium in Brisbane. My congratulations to the winners of the 13th Thiess International Riverprize, awarded to the Charles River of Boston, USA, and the 11th Australian Riverprize awarded to the Sunshine Coast Rivers Initiative, Queensland.

You can read more about these outstanding winners further inside this Annual Report.

Our previous prize winners have been pushing ahead with their Twinning projects this year. Gayle Wood and her team from Lake Simcoe in Ontario Canada, have been working closely with colleagues from the Ayuquila River in Mexico, and our 2010 Australian Riverprize winners from the Derwent River, Tasmania, have now fi nalised a partnership to work with their neighbours from the D’Entrecasteux Channel (Huon River estuary).

It remains a tough funding environment for all charities post-GFC, and it is consequently with much gratitude that I acknowledge the continuing and generous support of the Australian Government. The Australian Riverprize is funded by the Australian Government’s Water for the Future initiative, through the Water Smart Australia program. I must also thank the Queensland Government, the Thiess Family (sponsors of the Ken Thiess Memorial Scholarship), Martin Albrecht AC and Alec & Mary Peden in particular for their continuing support.

I am also very pleased that during the year the IRF renewed our strategic partnership with Thiess, and I thank IRF Director Michael Wright and Thiess Group Manager Rod Cameron for their commitment and support. We have also had BMT WBM join us as a new corporate partner.

Finally, there are many people I want to thank for their active participation with the IRF over the past year. Phillip Weller who I have already mentioned who has worked hard for the IRF this year in setting up our new partnerships and Riverprize in Europe - Bart Fokkens, Alastair Driver in the UK and Peter Rowley, our European-based Director, have also supported Philip in these activities. Our IRF Ambassadors, including Alastair, Amos Brandeis and Johnny Sundstrom remain passionate supporters and advocates of the IRF’s work.

Back home I want to thank my fellow IRF directors, Mark Pascoe and his team at the International Water Centre, with whom we work closely especially on the International Riversymposium organisation, and IRF CEO Matthew Reddy and his team in our Brisbane offi ce. In particular I note their efforts to keep all our partners and supporters in regular communications, in particular through the excellent IRF web site and supporting social network connections, through Facebook and Twitter.

Professor Gary JonesIRF Chairman

in order of investment value.

TELEVISION COVERAGE :

Channel 7 Sky News ABC Network 10

2 Ken Thiess Memorial Scholarships awarded to Ms Kundai Chihambakwe and Mr Indrawan Prabharyaka.2013European Riverprize to be awarded in partnership with ICPDR.

2011-12

06 IRF Annual Report 2011/12 07

13thTHIESS INTERNATIONAL RIVERPRIZEawarded to THE CHARLES RIVER, USA.

11thAUSTRALIAN RIVERPRIZE awarded to THE SUNSHINE COAST RIVERS INITIATIVE,QLD.(the Australian Riverprize is funded by the Australian Government’s Water Smart Australia program, under the Water for the Future initiative)

600WORLD RIVER’S DAY PRINT MEDIA ARTICLES6800

E-NEWSLETTER RECIPIENTS

380%Increase in vists to the IRF website.

FACEBOOK FOLLOWERS

585

Media Highlights

Programs Highlights

150%Increase inTWITTERfollowers.

ALL LENT THEIR SUPPORT TO IRFIN 2011-12!

Olympic gold medal swimmer - Duncan ArmstrongIce House singer - Iva DaviesTelevision comedian - Will AndersonMarathon swimmer - Tammy van WisseActress - Robyn NevinBritish Comedian - Griff Rhys Jones

2011-12

Thiess International Riverprize

Australian Riverprize

Charles River, USA

Sunshine Coast Rivers Initiative, QLD

Under the direction of the Charles River Watershed Association (CRWA), the Charles River has made a remarkable recovery since the 1950s when sewage and paint were discharged into the river, swimming was banned and rowers who fell into the river routinely received tetanus shots and a course of antibiotics.

Today, the Charles is heralded as the cleanest urban river in the United States by the U.S. Environmental Protection Agency (EPA). The Charles River, the heart of Boston, Massachusetts, now boasts better river health after the implementation of sustainable river management practices led by CRWA.

Because a healthy urban river requires infrastructure and development that restores or mimics natural processes, CRWA’s work has evolved toward urban design, sustainable infrastructure and eliminating barriers between water supply, wastewater and stormwater management. Key achievements include:

The Sunshine Coast Rivers Initiative is a program coordinated by the Sunshine Coast Council and partners in Queensland, Australia. TheSunshine Coast Rivers Initiative has implemented outstanding river-health planning and on-ground achievements covering six catchment areas, totaling approximately 5000km of waterways across the Sunshine Coast and southeast Queensland.

Conducted by a partnership between Council, local community groups, industry, natural resource managers and other government partners, the community works to protect and improve the health of local waterways.

The Sunshine Coast Rivers Initiative has delivered outcomes via five key themes:

IMAGE: Floating Land © Raoul Slater, 2009

08 IRF Annual Report 2011/12

§ Creation of the Charles River Natural Valley Storage Area.

§ Implementation of Massachusetts Water Resources Authority Long-Term Combined Sewer Overflows Control Plan.

§ Invention of SmartStorm®, a rainwater harvesting system, and the creation of a stronger regulatory climate for rainwater recycling.

§ Fish ladder repair and replacement and Bleachery Dam Fish Passage Improvement Project.

§ American shad restoration program.

§ Charles River Nutrient TMDL studies.

§ Blue Cities™ initiative for water-sensitive urban development demonstration projects.

§ Issuance of 13 Charles watershed conservation-oriented public water supply permits with mitigation offset feasibility requirements.

§ New draft municipal stormwater permits and EPA’s pilot exercise of RDA to control private property runoff in three upstream towns.

§ Boston’s Complete Streets Guidelines with goals for “greening” city streets and achieving stormwater targets.

Significant, measurable progress has been made in resource protection, water quality, habitat restoration, water supply management and sustainability since CRWA began its efforts. These physical improvements have radically changed the public’s perception of the river and its value.

§ Science - regional ecosystem health monitoring and modelling; issue-based research and investigations; and catchment-based community waterwatch monitoring.

§ Planning and policy - planning scheme provisions, a sustainability policy framework and integrated strategies including a strategy for waterway management that integrated plans for major catchments.

§ Partnerships - between community, local, state and federal governments, industry and research organisations.

§ Education and advocacy - encouraging the broader community to value and support the protection of their waterways.

§ On-ground projects - major freshwater and estuarine restoration and extensive programs to minimise urban and rural diffuse-source impacts.

The activities of the Initiative have been underpinned by sound science, constructive partnerships and an enterprising spirit. This has resulted in continual improvements in waterway management and uptake of local learnings in other regions.

The Sunshine Coast Rivers Initiative has done an inspiring job engaging communities and working together to improve the rivers throughout the region.

Nicole PortleyUSA

Johnny SundstromUSA

Teresa Moncarz Argentina

Mike RaynerTweed, Australia

Dr Vikki Uhlmann Brisbane, Australia

St. Johns River2008USA

ARGENTINASan Roque WatershedAUSTRALIA

Tweed River

SAMOA

MEXICO

COSTA RICA

HONDURAS

COLUMBIA

ECUADOR

BRAZIL

Amos Brandeis Israel

Dr Alastair DriverEngland

Olita C. OgonjoKenya

Dr Deborah Nias NSW Australia

Dr Shrikant D. Limaye India

Philip WellerAustria

Danube River2007EUROPE

FRANCELoire River

KENYANairobi River

THAILANDTrang River

AUSTRALIAGregory River

Tjangol Mangol

T

RUSSIA

KAZAKHSTAN

BELARUSSLOVAK

REPUBLIC

HUNGARY

KYRGYZSTAN

INDIA

IRANPAKISTAN

ARMENIATURKEY

EGYPT

ROMANIA

UKRAINE

NIGER

NIGERIA

CAMEROONUGANDA

UNITED REPUBLICOF TANZANIA

MALAWI

SWAZILAND

ZIMBABWE

SOUTH AFRICA

UGANDA

TANZANIA

SWAZILAND

ZIMBABWE

SOUTH AFRICA

SRI LANKA

UZBEKISTAN

BANGLADESH

CONGO

MALAYSIA

PHILIPPINES

INDONESIA

AUSTRALIA

NEPAL

MEXICO

COSTA RICA

HONDURAS

COLOMBIA

ECUADOR

BRAZIL

UZBEKISTAN

KAZAKHSTAN

BELARUSSLOVAK

REPUBLIC

HUNGARY

KYRGYZSTAN

INDIA

IRANPAKISTAN

ARMENIATURKEY

EGYPT

ROMANIA

UKRAINE

NIGER

NIGERIA

CAMEROON

RUSSIA

SAMOA

MALAWI

St. Johns River

EUROPE 2007

Lake Simcoe

Murray Wetlands

Lake Macquarie

Oxley Creek

Derwent EstuaryTASMANIA 2010

Merri River

Gregory River

Ayuquila RiverMEXICO

Charles River

Sunshine CoastQUEENSLAND 2011

Ganges River

Merri Creek

Torbay Catchment

Goulburn Broken

Bulimba Creek

Wallis Lake

Hunter River

Grand RiverSiuslaw Basin

Sha River

Mekong River

Blackwood River

Alexander River

River Thames

River Mersey

Danube River

Drôme River

Nairobi River

Orange River

Lake Bam

Tjangol Mangol

Loire River

Trang River

Sakhalin Island

ARGENTINA

Tweed RiverNEW SOUTH WALES

NT

RUSSIA

THAILAND

INDIA

KENYA

SOUTHERN AFRICA

BURKINA FASO

SENEGAL

VICTORIA

FRANCE

ENGLAND 1999

ENGLAND 2010

FRANCE 2005

ISRAEL 2003

AUSTRALIA 2001

CHINA 2006

SOUTH-EAST ASIA 2002

USA 2008

USA 2011

CANADA 2000

CANADA 2009

USA 2004

QUEENSLAND 2009

QUEENSLAND 2005

NEW SOUTH WALES 2004

NEW SOUTH WALES 2003

NEW SOUTH WALES 2008

NEW SOUTH WALES 2007

VICTORIA 2001

VICTORIA 2002

WESTERN AUSTRALIA 2006

IRF AustraliaBRISBANE

IRF EuropeVIENNA

San Roque Watershed

Dominican Republic

MONGOLIA

IRF office

IRF sponsored delegates tothe International Riversymposium

Thiess International Riverprize winner

Australian Riverprize winner

Twinning Project

LEGAND

Our Global Outreach 2011-12

AMBASSADORS

Philip Weller Austria Johnny Sundstrom USAAnita Krause Canada Abdula Bansuan PhilippinesAmos Brandeis Israel Shrikant D. Limaye IndiaAlastair Driver England Else Shepherd Brisbane, AustraliaOlita C. Ogonjo Kenya Deborah Nias Adelaide, Australia

1110 IRF Annual Report 2011/12

International RiverFoundation is grateful for the generous fi nancial and in-kind support provided from a range of organisations and individuals who share our vision of a future in which all rivers and waterways are sustainably managed.

Through the Australian Government’s Water Smart Australia program, the Water for the Future initiative supports the Australian Riverprize, including a Twinning component enabling peer-to-peer knowledge exchange across catchments. We thank the Australian Government Department for Sustainability, Environment, Water, Population and Communities for supporting excellence in catchment management.

The IRF is honoured to be supported by the Queensland State Government. We thank the Queensland State Government as a founding IRF member and for the core funding of IRF activities, including fl ood recovery and community project investment.

As a founding member of the IRF, and host city of two Australian Riverprize winners, we thank Brisbane City Council for their renewed support for the IRF and for their leadership, continued stewardship of rivers and water quality in Brisbane.

Our long-standing partnership with Thiess was extended during the period with a widened scope of partnership projects and staff engagement opportunities. We thank the executives and staff at Thiess who have shown marvellous support for the IRF and we look forward to a successful partnership over the next three years.

As an award-winning specialist engineering and environmental consulting fi rm, the IRF is proud to work with BMT WBM on global river basin initiatives. BMT WBM provides expert and unrivalled advice to government agencies, mining companies, municipal and port authorities, development organisations and industry groups which we are able to extend through the IRF community of practice.

Our Government Partners

Our Corporate Partners

IRF Partners

Albrecht FoundationThe THIESS FAMILY TRUST

KALBITA PTY LIMITED

One of Australia’s most iconic brands is also home an impressive river restoration project along an historic section of the Jacob’s Creek in the Barossa Valley. We are proud to have Jacob’s Creek as a supporter and practitioner of river restoration.

Our Sponsors

In-Kind Supporters

We thank Benjamin Nutbeam and the PwC team for their advice and auditing of IRF’s fi nances. We also thank Rob Hubbard, PwC partner, for his decade of IRF support and wish him well in his future activities as we look forward to working with the new PwC partner, Tim Allman.

The IRF, in partnership with the Planet Wheeler Foundation, continues to support the communities of the Mun River, an important Mekong tributary in Thailand.

As a leading provider to the health sector, we thank First Choice Care for their support of water quality and biodiversity initiatives at home and through our community of practice.

The IRF sincerely thanks the Albrecht Foundation for the continued support of our core programs and for the long standing commitment to the IRF.

The ongoing support from the Thiess Family Trust has enabled the IRF to provide life-changing education programs, including the Ken Thiess Memorial Scholarship, which fl ourishes with the aid of the IWC and Monash South Africa.

The IRF thanks the Peden Family for their support of knowledge exchange through the Riversymposium, community development, safe water and sanitation in the developing world, especially in Kenya through the Tweed Kenya Mentoring Program and the Safe Water initiatives.

Special Th anks to

13

Platinum Partner

Silver Partner

Bronze Partners

IRF is supported in its operational and fundraising costs by the Queensland State Government and Thiess.

12 IRF Annual Report 2011/12

Corporate Governance

Changes to the Board of Directors 2011-2012

The following person was appointed on to the International RiverFoundation Board of Directors during the fi nancial year 2011-2012:

Ms Vicki Pethybridge June 2012

The following person resigned from the International RiverFoundation Board of Directors during the fi nancial year 2011-2012:

Ms Julie McLellan June 2012

Changes to Company Secretary occurred during the fi nancial year 2011-2012:

Mr Matthew Reddy resigned as Interim Company Secretary November 2011

Mr John Hayes appointed as Company Secretary November 2011

Public Fund Committee The following were members of the Public Fund Management Committee according to Clause 10 of the International RiverFoundation Constitution as at the end of the fi nancial year 2011-2012 fi nancial year:

Mr David Askern Appointed 11/08/03Mr Bob Grice Appointed 10/11/05Mr Doug McLaggan Appointed 27/10/05

Chairman Professor Gary Jones

Board of DirectorsA list of the Board of Director’s as at 30th June 2012:

2012 $’000

2011 $’000

REVENUE FROM CONTINUING OPERATIONS

Investment (losses) / earnings (27,205) 144,564

Donations and Sponsorship 645,275 503,098

Other 73,356 76,970

691,426 724,632

Interest 18,118 72,705

709,544 797,337

EXPENSES Other expenses from ordinary activities

Assisted Delegates and Riversymposium 27,352 38,453

Riverprize 153,602 259,172

Twinning expenses 147,696 87,537

Thiess Scholarships 18,718 26,723

Other donations 14,948 –

Fundraising expenses 4,857 26,588

Corporate support costs 529,024 729,070

(896,197) (1,167,541)

DEFICIT FROM ORDINARY ACTIVITIES BEFORE INCOME TAX (186,653) (370,205)

Income tax expense – –

DEFICIT FROM ORDINARY ACTIVITIES AFTER RELATED INCOME TAX (186,653) (370,205)

NET DEFICIT (186,653) (370,205)

Total changes in equity other than those resultingfrom transactions with owners as owners (186,653) (370,205)

Financial Summary For fi nancial year 2011-12

Income Statement for the year ended 30 June 2012

Full fi nancial details available on our website - vist www.riverfoundation.org.au

15

Mr Barry Ball

Professor Bill Dennison

Professor Paul Greenfi eld, AO

Mr Martin Albrecht, AC

Mr Peter Krause

Ms Vicki Pethybridge

Dr Peter Rowley

Mr Rod Welford

Mr Jim Soorley, AM

Mr Michael Wright

14 IRF Annual Report 2011/12

2012 $’000

2011 $’000

ASSETS

Current assets

Cash and liquid assets 1,477,596 1,121,520

Receivables 16,299 10,711

Non-Current assets

Property, plant and equipment 2,483 –

Financial assets at fair value – 768,836

TOTAL ASSETS 1,496,378 1,901,067

LIABILITIES

Current liabilities

Payables 26,602 44,638

Deferred income 450,000 650,000

TOTAL LIABILITIES 476,602 694,638

NET ASSESTS 1,019,776 1,206,429

EQUITY

Reserves

Retained earnings 1,019,776 1,206,429

TOTAL EQUITY 1,019,776 1,206,429

Balance Sheet for the year ended 30 June 2012

Full financial details available on our website - visit www.riverfoundation.org.au

2012 $’000

2011 $’000

Total equity at the beginning of the financial year 1,206,429 1,576,634

Net income recognised directly in equity

Deficit for the year (186,653) (370,205)

Total recognised income and expense for the year 1,206,429

Transactions with equity holders in their capacity as equity holders – –

Total equity at the end of the financial year 1,019,776 1,206,429

2012 $’000

2011 $’000

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts 564,904 369,357

Riverprize sponsorship – –

Payment to suppliers and employees (964,285) (1,179,239)

Interest received 18,118 72,705

NET CASH PROVIDED BY OPERATING ACTIVITIES (381,261) (737,177)

Purchase of property, plant and equipment (4,295) –

Withdrawal of financial assets at fair value 741,632 429,904

NET CASH PROVIDED BY INVESTING ACTIVITIES 737,337 429,904

NET CASH PROVIDED FROM FINANCING ACTIVITIES – –

TOTAL NET INCREASE/ (DECREASE) IN CASH HELD 356,076 (307,272)

CASH AT THE BEGINNING OF THE FINANCIAL YEAR 1,121,520 1,428,792

CASH AT THE END OF THE FINANCIAL YEAR 1,477,596 1,121,520

Full financial details available on our website - visit www.riverfoundation.org.au

Statement of Changes in Equity for the year ended 30 June 2012

Statement of Cash Flows for the year ended 30 June 2012

1716 IRF Annual Report 2011/12

Program Commitments: The IRF has an aggregate commitment of $876,164 with respect to payment of program activities including the twinning components of the Thiess International and Australian Riverprizes. This commitment will be realised upon presentation of suitable investment plan proposals to the IRF and subsequent acceptance by IRF of such proposals.

Partnering with Business

IMAGE: Lake Simcoe, Ontario

The growth of economies in the twenty fi rst century is inseparable from the global pursuit of sustainable development. The IRF’s commitment to sustainable development is underpinned by the following principles:

§ Fresh water is a fi nite and vulnerable resource, essential to sustain life, development and the environment

§ River basin development and management should be science-based with a participatory approach involving users, planners and policy-makers at all levels

§ Women play a central part in the provision of water and the management of natural resources

§ Water has an economic value in all its competing uses and should be recognised as an economic good

When put in to action, these principals are applied to IRF programs and projects that contribute to:

§ The alleviation of poverty and disease § Protection against natural disasters § Water conservation and reuse § Sustainable urban development § Agricultural production and rural water supply § Protecting aquatic ecosystems § Resolving water and transboundary confl icts § Building capacity and exchanging knowledge

The IRF seeks to work with the private sector and leading organisations that share these values and have a vision for sustainable development beyond regulation and business-as-usual operations.

Our Founding Partners

Our Sponsors

In-Kind Supporters

Albrecht FoundationThe THIESS FAMILY TRUST KALBITA PTY LIMITED

Our Corporate Partners

I N T E R N A T I O N A L

RiverFoundation

36 Agnes Street, Fortitude Valley QLD 4006 Australia

PO BOX 10907, Adelaide St, Brisbane QLD 4000 Australia

(tel) +61 7 3123 7767

info@riverfoundation.org.au

For more information visit:

www.riverfoundation.org.au

As part of IRF’S commitment to sustainable business practices

we have chosen to print on Evolve Paper which is certified with

the EU Ecolabel and FSC (Forest Stewardship Council). The

paper is 100% recycled with no use of fresh wood fibre. All

Evolve products are ISO 14001 certified.