NatioNal art School

NatioNal art SchoolaNNual report 2012

National Art SchoolForbes StreetDarlinghurst NSW 2010Sydney Australia

ABN 89 140 179 111CRICOS Code 03197B

AuditorThe Audit Office of New South Wales

BankWestpac Banking Corporation

Legal RepresentativeGadens Lawyers

© Copyright National Art School, the authors and artistsAll rights reserved.

Apart from any fair dealing for the purpose of private study,research, criticism or review as permitted under the CopyrightAct 1968, no part of this publication may be reproduced by anyprocess without written permission from the publisher.

The Annual Report 2012 covers the financial period 01 January 2012 – 31 December 2012.The Annual Year Book 2012 provides additional information and records our student achievements during this period.

The National Art School thanks Gadens Lawyers for their kind support.

coNteNtSChAIR’S RepORT 2

DIReCTOR’S RepORT 3

MISSION 4

GOveRNANCe 5

INSTITuTIONAL peRFORMANCe 7 Degree programs 7 Bachelor of Fine Art 7 Bachelor of Fine Art (honours) 8 Master of Fine Art (by Research) 8 Degree program Statistics 9

The NATIONAL ART SChOOL FeLLOWShIp 10

FACuLTY AND AChIeveMeNTS 12

NATIONAL ART SChOOL ARTISTS-IN-ReSIDeNCe 15

NAS GALLeRY 16

ARChIveS AND COLLeCTIONS 18

LIBRARY 19

WIDeNING pARTICIpATION pROGRAMS 20 hSC Intensive Studio practice 20 Dobell Drawing School 21 Dobell Regional Workshop for Teachers 22 Non-Award Short Courses 22

OuTReACh AND OFF-SITe pROJeCTS 23 Aboriginal Art Centre Internships 23 National Art School British School at Rome Residency 24 Arts NSW: emerging Artist exchange project with Tsinghua university, Beijing 25 Taylor Square Temporary public Art program 25

FuNDRAISING AND DeveLOpMeNT 26 Study Support Scholarships 27 Awards, prizes and Travel Scholarships 29 venue hire 30

NATIONAL ART SChOOL STAFF 31

FINANCIAL RepORT 34

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chair’S report

At times I have been asked ‘why does Sydney, or Australia for that matter, need another art school?’ My answer is that the National Art School is not ‘just another art school’. Our school is an atelier concept art school. It is where artists learn from practicing artists in studio workshops - a feature which singles out the National Art School and makes it such an outstanding institution.

When appointed Chairman on June 1, 2012, it was already clear to me that despite these unique features, and the outstanding efforts and achievements of staff and students, the gestation of the School to full independence would remain challenging.

Financial considerations continued to absorb considerable time. However, regardless of a series of reviews and audits, staff members were not diverted from their core focus on teaching and learning. All worked hard on the achievement of artistic and academic excellence.

We are grateful to the State Government for providing significant financial support. This has enabled the School to continue to move forward with increased optimism.

Staff members are complimented for helping to secure financial support from prestigious establishments such as the Ian Potter Foundation, Emporio Armani, Gadens Lawyers and several others. The School is grateful for this generous support as well as the support of the Friends of the National Art School. I applaud the initiative of the Board in establishing a Foundation Committee in 2011 to support fundraising. Having had only one full year of operation, the Foundation continuous to refine its focus.

The outstanding efforts and achievements of staff cannot be overemphasised. We possess a solid core of academic and administrative staff members who have stuck to the School like glue. Their efforts, as well as their individual and cumulative achievements, are to be applauded.

Through the efforts of staff, the School attracts quality students. Inspired by teachers who are practicing artists, engrossed in the atelier model of instruction, students continue to achieve outstanding outcomes. They will be the proud alumni on whose back the School’s future reputation will continue to flourish.

Among the many outstanding features of the School is its unique campus. Steeped in history and mystery, every stone has a story to tell. How wonderfully ironic that what was once a jail is now an art school. There are many who believe that if we had more art schools, we may need fewer jails.

Restoration work and other capital works are currently being undertaken with care and sensitivity. 2013 should see substantial continuation of this work, particularly on the large structure known as Building 11. This will be the most ambitious task to date, and its reconstruction will do much to enhance the prestige and functionality of the campus.

If you have never visited the National Art School, I invite you to call in. We hold a large number of exhibitions in the Gallery and other buildings on campus, and we now have Parkers Art Supplies and the Hangout Cafe meeting the needs of the School and local community.

In conclusion, thank you to Members of the Board. We all have different experiences, attitudes and approaches. However, we share a passionate love for the School, its staff, and its students.

The National Art School achieved outstanding goals in 2012. Given the skill, dedication, and unwavering tenacity of its staff and students, it can look forward to shining even brighter in the future.

hON JOhN AQuILINA AMChairman Of The Board

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Director’S report

The National Art School’s proud history of nurturing so many of Australia’s best known artists, continues today with an extraordinary number of National Art School graduates going on to make considerable contribution to the art and culture of Australia. Our distinctive teaching and learning methods, underpinned by specialist resources and an expert staff of practicing artists, continues to provide high quality education and training for the next generation of artists as evidenced by our newest graduates.

Throughout 2012, our study programs were enhanced through range of strategic partnerships, events and exhibitions that provided our community with opportunities to engage with significant Australian and international artists and thinkers. Our annual showcase of emerging talent the National Art School Degree exhibition program received deserved recognition in 2012 with the establishment of a significant partnership with Giorgio Armani Australia to present the Emporio Armani, National Art School Postgraduate Exhibition. In conjunction with this exhibition sponsorship, a unique opportunity was made available for a graduating student to travel to Italy in the development of a commission for major art work.

Our relationship with other tertiary art schools around the globe was further strengthened in 2012 with the hosting of the international Association of Independent Art School’s annual General Assembly & Workshops at NAS. This event, hosted for the first time in the Southern hemisphere, saw many of our staff and senior students engage in a broad range of ambitious studio based projects and seminars with colleagues from across Australia and around the globe. Other international opportunities saw NAS faculty take up scholarship opportunities with the National Art School British School at Rome residency and our Interstate and International Artist in Residence in conjunction with the NAS Study Centre for Drawing program saw our faculty and students continue to engage first hand with a diverse range of Australian artists.

Throughout 2012, NAS continued to engage a broad and diverse community of learning including regional NSW with the School delivering professional development workshop for high school teachers supported by the Sir William Dobell Art Foundation, while NAS public programs continues to reach a wide audience with a broad range of non-award short courses. The highly successful Dobell Drawing School and the hSC Intensive Studio practice programs for high school students continued to engage with talented students at high school level.

planning and preliminary building work was undertaken prior to commencement of redevelopment of new studio facilities, supported by the $6 million capital grant from the NSW Government, that will enhance the postgraduate capacity of the National Art School well into the future, and to establish a dedicated facility for the National Art School Collections and Archives, generously supported by the Ian potter Foundation.

In addition to our annual funding from the NSW Government, many activities are externally funded and we are extremely grateful to our considerable and numerous supporters who all contribute to ensuring the National Art School continues to deliver its distinctive creative and educational mission.

SIMON COOpeRActing Director/head of Academic Studies

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MiSSioNThe principal mission of the National Art School is to be a centre of excellence for the provision of higher education and research, scholarship and professional practice in the visual arts and related fields.

The National Art School utilises its independent identity and distinctive teaching and learning methods to realise this mission through the development of creativity and visual and cultural awareness in an international context. The aims and objectives of the National Art School are:

• To be a centre of excellence for the delivery of high quality specialist education in studio-based visual arts and related fields;

• To be at the forefront of learning, creativity and practice in the visual arts, nationally and internationally;

• To provide high quality education that fosters the acquisition and interrelationship of technical skills with creative invention;

• To ensure that practice, research and scholarship in drawing is a core visual language and underpins creative development in all aspects of provision;

• To situate all programs of study within the art historical, theoretical, cultural and professional contexts appropriate to the development of knowledge and understanding of the studio arts;

• To promote the widest possible participation and diversity of students and to recruit locally, nationally, and internationally;

• To ensure that all academic staff are distinguished in their field as actively practicing artists, scholars and/or researchers, recognised nationally and internationally.

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GoverNaNceThe National Art School is registered as a higher education provider under the higher education Support Act (heSA) 2003.

The National Art School is a public company limited by guarantee, with two members, the NSW Ministers for the Arts and for education. The members appoint a Board of Directors with responsibility for the School and oversight of the leadership of the School. The Board of Directors operates four sub-committees, the Finance and Audit Committee, the properties and Assets Committee, the performance and Remuneration Committee and the National Art School Foundation. The Academic Board is responsible for the maintenance of academic standards in accordance with the accreditation requirements.

The National Art School is entered on the Register of Cultural Organisations. It is recognized by the Australian Taxation Office as a Charitable Institution, and is endorsed as a Deductible Gift Recipient under Item 1 for the following funds:

• National Art School General Fund

• National Art School Gallery

• National Art School Library

The National Art School Gallery and the National Art School Library are also endorsed under Item 4, and may receive gifts of property under the Cultural Gifts program.

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iNStitutioNal perforMaNceDeGRee pROGRAMSThe distinctive character for which the National Art School is well known, continues to define the academic experience at the National Art School, with many significant achievements throughout 2012 highlighting the strength of the School’s educational ethos throughout a year of both academic achievement and challenge.

In addition to the continuing development of our student and graduate internship programs, this year saw the expansion of a range of academic initiatives designed to engage and enrich our staff, students and extended professional community. The continued integration of the NAS Gallery, Study Centre for Drawing and Artist in Residence programs with that of our degree programs, saw students of all levels provided with opportunities to engage with a range of leading Australian and international artists, art institutions and events in a unique and immersive experience reflective of the comprehensive and rigorous enquiry into the nature of studio practice for which the School is well known.

Drawing Week, our traditional start to our academic year held on Cockatoo Island; and the weekly NAS Art Forum lecture program that continues to bring a diverse range of visiting artists and thinkers in to our community; and the dynamic student exhibition program in our Library Stairwell Gallery continue to enrich our academic environment. Such initiatives, in conjunction with the continuing development of our Independent Study program at undergraduate level, and continually evolving critique week program at postgraduate level, continue to support this unique and dynamic academic environment.

Bachelor of fine artThe Bachelor of Fine Art (BFA) program continues to represent our largest student enrolment. This three-year full time program is intended to develop the creative independence, knowledge, and experience required in each student for a career as a professional artist, and to develop the academic rigour required of further education at postgraduate level.

In 2012 the student intake for the BFA represented a broad and diverse demographic profile which both enlivened our campus and enriched student learning. Importantly, course evaluation feedback from students enrolled in the program at all levels continues to affirm the importance and quality of this studio-based program which involves a comprehensive investigation of studio practices and theoretical reflection supported by core study in the disciplines of Drawing and Art history & Theory. Student retention remains strong.

Developments in the BFA throughout 2012 saw the introduction of Independent Studies components into studio-based subjects at all levels of the program, encouraging students to develop stronger independent work practices.

BFA graduate outcomes continue to remain strong with our 2012 graduates already receiving significant recognition with individual and group exhibitions. Throughout 2012, our students have been represented in group and solo exhibitions in both commercial and artist run galleries, have been included in significant exhibitions in the public gallery sector throughout Australia, and have been included in major public art events such as the Sydney Student’s Speak program held at the Art Gallery of New South Wales in conjunction with the this year’s 18th Biennale of Sydney.

opposite: Open Day 2012

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Bachelor of fine art (honours)The Bachelor of Fine Art (honours) program saw continued development in the 2012 academic year whilst maintaining our continually growing student intake in this highly successful program. This one-year full time studio-based degree is designed for students who have completed a three-year BFA degree or equivalent, and offers the opportunity to focus and further develop individual studio practice. The program introduces students to a studio research environment by developing their ability and autonomy as emerging professional practitioners in the visual arts.

Course evaluation feedback from students enrolled in the program affirms the importance and quality of this studio-based program comprising three inter-related subject streams including a Studio Major supported by a weekly Studio Seminar program, and Art history & Theory lecture series. The course is delivered on campus, where students are provided with dedicated studio facilities.

Master of fine art (by research)The Master of Fine Art program (MFA) represents the highest degree awarded at the National Art School. In 2012 student enrolment was stable and course completion rates high. This studio research based program, designed for practicing artists who wish to develop specific research interests in their studio production towards a higher level of professional expertise and scholarship, continues to appeal to a diverse range of applicants. The program aims to develop studio skills and thinking pertinent to each discrete studio discipline supported by dialogue between studio practice and theory.

The high quality of work produced by these graduates embodies the professional expertise gained through rigorous artistic enquiry over two or more years of individualised studio research.

Katie MurrayFassbender 2foam core installationdimensions variableNational Art School Graduate exhibition 2012

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Degree program Statistics

2012 Degree Program Total Enrolments

Program Domestic International Total Change +/-

Bachelor of Fine Art 326.5 7.5 334 -5%

Bachelor of Fine Art (hons)

40 0 40 +14%

Master of Fine Art 15 1 16 -27%

2012 Total 381.5 8.5 390 -4%

2012 Degree Program Enrolment Commencements

Program Enrolment Change +/-

Bachelor of Fine Art 121 -3%

Bachelor of Fine Art (honours) 40 +14%

Master of Fine Art 6 -45%

2012 Total 167 -2%

2012 Degree Enrolment Completion and Retention

Program Enrolment Course Complete

Course Leave Continuing Retention

2011-2012Change +/-

BFA 334 90 2 212 87% +1%

BFA (hons)

40 39 n/a n/a n/a n/a

MFA 16 8* 1 8 73% +12%

2012 Total

390 137 3 220

2012 Degree Enrolment Gender Profile

Program BFA BFA (Hons) MFA Total

Male 107 12 5 124

Female 227 28 11 266

2012 Total 334 40 16 390

2012 Degree Enrolment Age Profile

Program BFA BFA (Hons) MFA Total

18 - 25 217 16 0 233

26 - 35 41 9 5 55

36 - 45 29 10 7 46

46 - 55 25 5 3 33

56 - 65 19 0 1 20

65 + 3 0 0 3

2012 Total 334 40 16 390

* Including outstanding completions from 2011 & expected completions 2012

** Does not include outstanding completions from 2011.

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the NatioNal art School fellowShip

The National Art School Fellowship was established to honour individuals who have made an outstanding contribution to visual arts in Australia; contributed to the significant recognition and advancement of the National Art School; and whose life and work continues to inspire our students.

The National Art School Fellowship represents the highest honour of the School. previous recipients include Colin Lanceley AO, peter Rushforth AM, John Coburn AM, elisabeth Cummings OAM, Geoffrey Bardon, Margaret Olley AC AO, John Olsen OBe AO, Thancoupie Gloria Fletcher AO, William Wright AM and Guy Warren OAM.

In 2012, the National Art School was honoured to bestow the Fellowship of the National Art School on Fiona hall and John Kaldor AM.

A National Art School alumna, Fiona hall is today recognised as one of Australia’s leading contemporary artists. Since first emerging in the 1970s as a photographer, halls practice has evolved over the last four decades to represent a sophisticated, eclectic and ever-growing repertoire that includes sculpture, painting, installation, and video.

Fiona hall’s work is represented in major public art collections internationally and has exhibited in significant curated exhibitions throughout the world, culminating in her selection in 2012 as an exhibiting artist in the Documenta 13 in Kassel, Germany.

In 1998, Fiona hall was appointed to the Advisory Council of the Australian National university’s Centre for the Mind, and in 2001 was awarded the Centenary Medal for service to the community through the visual arts.

Fiona hall, self portrait, detailNational Art School, 1974Image courtesy of the artist and Roslyn Oxley9 Gallery, Sydney

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For well over 40 years, art collector and contemporary art patron John Kaldor, has shared his passion for contemporary art with the Australian public through a series of high profile public art projects that have resulted in ground-breaking international artworks presented for the first time in Australia under the banner of Kaldor public Art projects.

Over recent years, John Kaldor has participated on the boards and international councils of numerous influential art institutions, including p.S.1 in New York; the Tate Modern, London; the Biennale of Sydney; and as chair of the Museum of Contemporary Art, Sydney. he was selected as commissioner for the Australian pavilion at the 51st venice Biennale in 2005 and again for the 52nd venice Biennale in 2007. Kaldor was a founding member of the board of the power Institute of Contemporary Art, has served as a trustee of the Art Gallery of New South Wales and is currently on the International Council of the Museum of Modern Art, New York.

In 1993, John Kaldor was awarded a Member of the Order of Australia for service to the Arts.

The National Art School is honoured to acknowledge the continuing contribution by both of the 2012 Fellows to Australian art and culture.

National Art School Fellows:2002 Colin Lanceley AO2003 peter Rushforth AM2004 John Coburn AM2005 Geoffrey Bardon AM 2006 elisabeth Cummings OAM2007 Margaret Olley AO AC2008 John Olsen OBe AO2009 Bert Flugelman AM2010 Thanacoupie Gloria Fletcher-

James AO2010 William Wright AM2011 Guy Warren OAM2012 John Kaldor AM2012 Fiona hall

John Kaldor AM with Chairman of the Board of Directors, The Hon.

John Aquilina

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faculty aND achieveMeNtSThe National Art School academic staff comprises distinguished practicing artists, curators and art historians. This rich diversity of talent, skills, knowledge and experience forms the basis of studio practice and teaching at the School. In keeping with the National Art School mission to position the School as a centre of excellence for the provision of higher education and research, scholarship and professional practice, all academic staff are distinguished in their fields as actively practicing artists, scholars and/or researchers, recognised nationally and internationally.

National Art School faculty members continued to achieve significant national and international recognition throughout 2012, with the presentation of art works for solo and group exhibitions and selection as finalists and winners of major national art prizes.

2012 saw NAS faculty produce a range of significant publications including books, journal articles, catalogue essays and peer reviewed conference papers, and present a broad range of a broad range of artist presentations, guest lectures and floor talks in association with national and international organisations and institutions. In addition to these activities, faculty were involved in a diverse range of curatorial projects and artist-in-residence projects throughout 2012 encompassing regional Australian sites and international venues.

Solo exhibitionsIn 2012 faculty members presented over 30 solo exhibitions and art projects throughout exhibition sites/venues nationally. In Sydney these venues included Rex Irwin Gallery, Factory 49, Australian Galleries, Wilson Street Gallery, Liverpool Street Gallery, peleton, Defiance Gallery, Institute of Contemporary Art Newtown (ICAN), Damien Minton Gallery, Gallery 9, William Wright Artist projects, The Drawing Room, Stills Gallery, Conny Dietzschold Gallery, Articulate project Space, Annandale Galleries, FIRe Gallery and Watters Gallery; Regional NSW venues included Lake Macquarie Art Gallery and Campbelltown Arts Centre, university of Newcastle Gallery, and the Old Fire Shed Gallery, Wollombi; victoria at Linden Contemporary Art Space, James Makin Gallery, and the 2012Melbourne Art Fair; South Australia at BMG Art; and Western Australia at The Studio Gallery.

Group exhibitionsNAS faculty members were represented in numerous group exhibitions in 2012 throughout venues nationally and internationally. In Sydney these included Art Gallery of New South Wales, Incinerator Art Space, King Street on William, Bondi pavillion, NAS Gallery, peter pinson Gallery, Stella Downer Fine Art, Sh ervin Gallery, uTS Gallery, NG Art Gallery, Delmar Gallery, Rookwood Cemetery, Brenda May Gallery, Martin Browne Contemporary, in Regional NSW at Tweed River Gallery, Murwillumbah; New england Regional Art Museum, Armadale; Walcha Art Gallery; Manning Regional Art Gallery, Taree; Maitland Regional Gallery; Cowra Regional Gallery; Wagga Wagga Regional Art Gallery. venues in victoria include Margaret Lawrence Gallery, vCA and Burrinja Arts Centre. In South Australia at Jam Factory, Adelaide and Aptos Cruz. Stirling. In Queensland at the Gold Coast City Art Gallery and Grahame Galleries + editions, Brisbane and in Tasmania at The Schoolhouse Gallery, hobart.

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Internationally, faculty representation in group exhibitions included in France at Museé du Quai, Branly; and in China at Beijing Art Space; Luxun Academy of Fine Arts Gallery, Shenyang; Guanlan Original print Base, Shenzhen; and the Shanghai Arts and Crafts Museum.

prizes & awardsFaculty were awarded national awards and prizes in 2012 including the Glover Prize awarded to painting lecturer Rodney Pople; and the New South Wales Community and Regional History Prize awarded to Deborah Beck in conjunction with the 2012 NSW Premier’s Awards for her recent publication Set in Stone: The Cell Block Theatre (UNSW Press).

NAS Faculty were selected as finalists for national awards throughout 2012 including the 2012 Archibald Prize, AGNSW; Dobell Prize for Drawing 2012 AGNSW; The Portia Geach Memorial Portrait Prize, Sh ervin Gallery, Sydney; Josephine Ulrick and Win Schubert Photography Award, Gold Coast City Art Gallery and the Vitrify, Alcorso Ceramic Award 2012, Jam Factory Adelaide.

conference papers & Guest lecturesNAS faculty were invited to present a broad range of conference/symposium papers, keynote lectures, guest lectures and floor talks in association with major institutions and events nationally and internationally throughout 2012. For the Art Gallery of NSW staff spoke as part of Picasso: Masterpieces from the Musée National Picasso, paris; the 2012 Diploma lecture series; the Eugène Atget: Old Paris exhibition; and the eight week course Study for self-portrait: Francis Bacon’s Britain. Staff also presented at together<> apart, the 2012 Art Association of Australia and New Zealand Annual Conference at Sydney university; the Abstract. Expressionism. Now. symposium held at the National Gallery of Australia in Canberra; and Re: Imagine Drawing in Dialogue, the 2012 International Association of Independent Art and Design Schools annual conference held for the first time at the National Art School. Faculty also spoke at a broad range of local institutions and organisations including NG Art Gallery Sydney, Sydney Grammar School; and the 20th Century heritage Society, Sydney.

Internationally, NAS faculty delivered conference papers in conjunction with the Baroque and Modernism symposium held at the Belgium Academy, Rome, Italy; NORDIK 2012, Nordic Committee for Art history, 10th Nordik Conference held at Stockholm university, Sweden; and the European Networks in The Baroque Era 2012 conference held in vienna, Austria.

curatorial projects NAS Faculty were involved in a broad range of internal and external curatorial projects in conjunction with galleries and museums nationally and internationally including: Sculpture by the Sea and the Helen Lempriere Sculpture Prize 2012, Bondi, NSW and Aarhus, Denmark; the 2012 Jerwood Drawing Prize exhibition, Jerwood Space, London and touring uK venues; Artworks and Artwords, exhibition project, National Art School Study Centre for Drawing, Sydney; and with uTS Gallery, university of Technology, Sydney.

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publicationsNAS Faculty authored a range of essays, articles, and reviews for a broad range of national international publications throughout 2012 including the Museum of Contemporary Art and Artist profile magazine in Australia and Black Dog publishing based in the united Kingdom. The creative and academic achievements of NAS faculty were reviewed and documented in an equally broad range of publications including Art Collector Magazine, Australia, Runway Magazine uSA and New Ceramics, Germany.

external examinations and consultancyFaculty expertise was acknowledged, and inter-institutional ties strengthened, through appointment to a range of external examiner and consultancy roles throughout the year, including phD, MFA and BFA (honours) external examiner appointments at the university of Sydney, Newcastle university, and Monash university, Melbourne. Throughout 2012 faculty members refereed for academic publications and conferneces including the Journal of the Socity of Architectural Historians of Australia and New Zealand and the Impact 7 printmaking conference, Monash university, Melbourne. NAS faculty also sat on the Art Association of Australia & New Zealand (AAANZ) 2012 Annual Conference Steering Committee.

Maryanne CouttsAmass [2012]Graphite on paper 190cm x 140 cm2012 Finalist, Dobell Prize for Drawing

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artiStS-iN-reSiDeNceThis is the third full year of operation for the National Art School Interstate and International Artists-in-Residence Scheme, designed to facilitate invited and selected scholars and artists-in-residence to undertake projects and residencies at the National Art School for periods of up to three months. The majority of these visiting artists are funded externally, either through their home institutions, research grants, Arts Council, sponsorship or other philanthropic funding.

During 2012 internationally acclaimed Australian multi-media artist and academic professor Lyndal Jones took up an extended period as National Art School Artist in Residence whilst developing and installing her performance based work Rehearsing Catastrophe: The Ark installed on Cockatoo Island as part of the 18th Biennale of Sydney. Well known for her conceptual works incorporating performance and projection, Lyndal has been active in the Australian art scene since the 1970s, creating work spanning film, performance, music and experimental painting. Impromptu performances engaging public volunteers (including many National Art School students) occurred as part of this work throughout the Biennale.

A number of visiting artists were resident while undertaking specific projects with the National Art School, including: Anton Reijnders and Sandy Brown with the Ceramics department; Therese Keogh with the Study Centre for Drawing’s Drawing Season; internationally renowned professor Thierry De Duve in conjunction with the AANZ 2012 annual conference Together<>Apart; and art historian professor Sarah Wilson in conjunction with the power Institute at the university of Sydney.

Canadian academic and new media artist Associate professor Leila Sujir and her colleague David Seitz of Concordia university, Montreal were in-residence throughout a period that included the running of their hugely successful 3D Drawing workshop at the National Art School in conjunction with the International Association of Independent Art & Design School’s (AIAS) General Assembly and Workshop program.

British artist Tim Knowles undertook work for his major solo commission Windgrid for the City of Sydney Taylor Square Temporary public Art program, Windwalk in conjunction with Art & About, Sydney and his exhibition Windlab with the NAS Gallery. Leading British photographer professor Richard Billingham was also in residence undertaking a photography project in and around NSW for the development of forthcoming work, and renowned British painter professor John Walker took up residency in conjunction with his exhibition with Tim Olsen Gallery and Boston university.

Other artists in residence throughout 2012 included Berit Myreboee; Norbert Schwontkowski in conjunction with Dominik Mersch Gallery; euan MacDonald in conjunction with Darren Knight Gallery; Katrin Anika Strobel; prof Zhang Geming in conjunction with Arts NSW and Tsinghua university, Beijing; eva Kot’atkova in conjunction with the 18th Biennale of Sydney; David Thorp, independent British curator; and professor David Rayson in conjunction with the Royal College of Art, London.

Artist in Residenceprofessor Lyndal Jones,

Cell Block Theatre

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NaS GalleryThe mission of the National Art School Gallery is to inspire and encourage critical perspectives of art and its role in society. Through our exhibitions, events and publications NAS Gallery presents the vitality of the visual arts within a local and global context. Our role is to engage audiences from the campus, the community and beyond. In 2012 we continued our commitment to supporting national and international artists, developing audiences, profiling the diversity of the visual arts, partnering with community and cultural organisations, publishing and creating professional development opportunities for students and recent graduates. Nearly 11,000 people visited the National Art School Gallery in 2012. In addition to the much loved end of year degree exhibitions from October to November which showcase the exemplary technical and intellectually rigorous training of our students, the gallery program presented:

Mike Parr: Brain Coral24 February –14 April

Redlands Westpac Art Prize3 May – 2 August

I Am What I Play13 July

The Lookout30 August – 13 October

Tim Knowles: Windlab30 August – 13 October

Emporio Armani National Art School Postgraduate Show 20122 – 10 November

Graduate Show 201230 November – 8 December

Taylor Square Public Art Commissions:

Tim Knowles: Windwalk 30 September

Tim Knowles: WindgridSeptember 2012 – May 2013

Creative and strategic partnerships and institutional associations included those with Art Month; the Art Association of Australia and New Zealand; the Biennale of Sydney; Carriageworks and 4A Contemporary Art Space; City Art and Art and About with the City of Sydney; Sydney College of the Arts, university of Sydney; and the university of Technology Sydney.

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Mike parr: Brain Coral National Art School Gallery, Installation view 24 February –

14 April 2012

publications (print and digital) accompanied all NAS Gallery projects, including a major exhibition catalogue Mike Parr: Brain Coral, now being distributed by Contemporary Art Books Australasia.

exhibition presentations were enhanced through the introduction of digital resources such as ipads providing extended learning opportunities and complementing traditional didactic material. Audience and artist engagement was also supported through diverse activities such as artist residencies, artist and curator talks, student seminars, lectures, guided tours, performance, panel discussions, and social events. Further education aims were achieved through the provision of two internship opportunities for students studying at the National Art School and the university of Sydney. Nearly twenty-five volunteers consisting of current students, alumni and members of the wider community dedicated their time and enthusiasm to ensuring NAS Gallery remained open and accessible. volunteers also assisted with event management and installations.

Redlands Westpac Art Prize

National Art School Gallery, Installation

view 3 May – 2 August 2012

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archiveS aND collectioNSThe National Art School has a nationally significant art collection and archive dating back to 1760, which includes works of art on paper, paintings, prints, sculptures, archival material as well as artefacts relating to the history of the site as a gaol. The collection performs a major role within NAS, both as a teaching resource and historical record.

The significance of the National Art School Collections and Archives was recognised by two major funding bodies during 2012. We have now received our fourth Community Heritage Grant from the National Library in Canberra. This grant of $5,500 will be used to purchase essential archival storage materials and equipment for the collection. The School has also been awarded an Ian Potter Foundation grant of $200,000 over two years to establish the National Art School Collections and Archive Centre which will encompass a secure, climate-controlled storage area with an adjacent study room in Building 11.

Rehousing, documentation and cataloguing continued during 2012 with the help of volunteer and former student, Sandy Bliim. All paintings in the collection were numbered and entered on the collections database. The Collection has grown once more during 2012, with over 150 items acquired from 17 donors. Two major donations to the collection also came via the Cultural Gifts program in December. These included 6 drawings of the NAS by former lecturer Frank hinder and 6 significant paintings by NAS alumnus Guy Warren.

Our aim is to build and maintain an accessible collection to enable research on the visual arts and to support the teaching programs of the National Art School. It is hoped that with the new National Art School Collections and Archives Centre in Building 11, the Collections will soon be available to our students, staff, alumni, external researchers and curators.

left to right

Douglas DundasSeated male with waistcoat, c 1940 graphite on paper, 39 x 31.5 cm

euan Macleod A Study for Volcanic Lover, 2002 oil on canvas, 50.7 x 38 cm

Frank hinder, untitled, ink on paper, framed, 35x44cm

Frank hinder, Construction, c 1955, ink on paper, framed, 35x42.5cm

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liBraryThe National Art School Library and Learning Centre provides specialist resources to facilitate the study, research, and practice of visual art. Total circulation figures for the library in 2012 were 39,214. Comparative data as follows:

2011 2012

Items Borrowed 15,378 13,474

Items Returned 15,066 13,510

Item Renewals 4,161 2,460

hold Requests 391 276

Items within Library 5,830 5,511

Items added to Collection 1,456 508

There were 122 instances of items being donated to the NAS Library. These included several instances of donations of multiple items from a single donor, for which the National Art School is extremely grateful as these donations expanded the learning resources available to our students.

The Library Stairwell Gallery, a dedicated student exhibition space, hosted ten shows in 2012.

left to right:Mungo Brush

Watercolour 1966

Godfrey Miller Standing Female

Figure No 229, c 1950s, graphite on paper,

25.7 x 19 cm

Godfrey Miller Seated Figure No 104,

c 1950s, graphite on paper,

25.7 x 19.2 cm

Douglas Dundas Self Portrait c 1925,

oil on canvas, 46 x 39 cm

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wiDeNiNG participatioN proGraMShSC INTeNSIve STuDIO pROGRAMThe National Art School Intensive Studio practice program is open to visual Arts students of all NSW government and non-government schools who are achieving at the highest level of excellence in the visual Arts preliminary course (“exceptionally talented people”). The program is partially supported by an annual grant from the NSW Department of education & Communities of $100,937.

The Intensive Studio practice program is a Board of Studies endorsed extension course for hSC visual arts students. The purpose of the course is to provide an opportunity for senior school students to enrich and extend their study in the field of visual Arts within specialised disciplines. Students are extended technically and conceptually beyond the boundaries of their school art making practice in a post-school setting by working with a broad range of media and processes under the direction of practicing artists.

In 2012 approximately 400 students state-wide applied for the course. 164 students from 95 schools across NSW completed the course, including 24 boarders from NSW regional areas from as far afield as Canowindra, Dubbo, parkes, and Lithgow to the west; Albury, Leeton and Bateman’s Bay to the south; and Tamworth, Coffs harbour and Kadina in the north. Once again the Newcastle/hunter and Illawarra regions were well represented.

left to right

hSC Student, Ceramics

hSC Student, printmaking

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DOBeLL DRAWING SChOOL 2012having celebrated its 15th year, the Dobell Drawing School continues to provide a rare opportunity for students from regional NSW and outer metropolitan areas of Sydney to focus on developing their skills in drawing, taught by experienced artists at the National Art School in the heart of Darlinghurst.

The Dobell Drawing School is generously sponsored by the Sir William Dobell Art Foundation and was initiated in 1988 by the National Art School, the Curriculum Support unit and the performing Arts unit of the NSW Department of education and Training. It is designed to provide visual art education opportunities for secondary school students in NSW.

76 Year 11 students from 37 government schools were nominated by the NSW Department of education and Communities through their visual Arts teachers for the program. All 76 students participated in the four day studio workshop program.

These schools were chosen from Sydney’s Metropolitan South-West and West and the following regions: Riverina, New england, hunter and Western NSW.

Dobell Drawing School Comparative Participation by Region

2011 2012

North Coast 5 schools / 5 students 0

Riverina 4 schools / 8 students 5 schools / 7 students

Western NSW 0 4 schools / 7 students

Hunter 2 schools / 4 students 4 schools / 9 students

Illawarra/South Coast 3 schools /7 students 0

New England 0 1 school / 3 students

Sydney South West 9 schools / 25 students

8 schools / 25 students

Sydney Inner West 1 school / 2 students 1 school / 3 students

Western Sydney 13 schools / 24 students

15 schools/25 students

The participating year 11 students were those who are currently undertaking visual art as a subject at their school but who may not have access to the teaching, studios and facilities available at a tertiary art school. The engagement and immersion in such a program was highly productive for these students – in broadening their perception of the art world and in building confidence to create art works and developing their skills in drawing.

left to right

Dobell Regional Teachers’ Workshop,

Alyssa (Trundle Central School)


Western plains Cultural Centre Dubbo


Trudy (parkes hS)

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DOBeLL ReGIONAL WORKShOp FOR TeACheRSThe National Art School delivered the inaugural Dobell Regional Teachers Drawing Workshop in Dubbo on November 10 & 11. The workshop was generously funded by the Sir William Dobell Art Foundation, which was established from the estate of the artist William Dobell, for the benefit and promotion of art in New South Wales.

Twelve teachers from the following nine Western NSW regional schools took part: Cowra HS, Cobar HS, Gilgandra HS, Trundle HS, Parkes HS, Forbes HS, Dubbo College Senior Campus, Dubbo School of Distance Education, and Dubbo Delroy Campus.

In keeping with the studio intensive educational model of the National Art School, these participating teachers were immersed in two days of intensive experimental drawing under the expert tutelage of artist and Lecturer in Drawing, Denis Clarke.

NON-AWARD ShORT COuRSeSIn 2012 the National Art School provided a comprehensive range of short courses in studio-based visual arts education across four delivery periods comprising: Summer School, Semester One, Winter School, and Semester Two.

These courses delivered open access, high-quality, arts training to students at beginner, intermediate, advanced and master class levels in all the disciplines of Fine Art on offer at the National Art School: drawing, painting, printmaking, ceramics, photography, sculpture and art history & theory. Courses were taught by a range of artists including those from the National Art School faculty and visiting artists from interstate and overseas, ensuring excellence in teaching standards.

Short Course Program - Comparative Participant & Course Numbers

Summer School

Semester One

Winter School

Semester Two Totals

2010Courses 22 28 14 22 86

participants 301 344 142 240 1027

2011Courses 21 20 11 16 68

participants 241 245 112 184 782

2012Courses 22 22 8 14 66

participants 267 282 105 155 809

BeSpOKe ARTS WORKShOpS The National Art School ran a number of bespoke arts workshops in 2012, delivering visual arts courses to a variety of participants for one-off and year-long programs. These workshops were held for approximately 150 people from the following organisations:

• The Brain Mind Research Institute “Anxious Art” program

• Cranbrook School Year 11 and 12 visual Arts Students Workshop

• NRMA Insurance Team Building Workshop for employees

• Rabobank Team Building Workshop for employees

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outreach aND off-Site projectSINTeRNATIONAL ASSOCIATION OF INDepeNDeNT ART & DeSIGN SChOOLS (AIAS)In 2012, the National Art School hosted – for the first time in the southern hemisphere - the annual General Assembly & Workshops of the International Association of Independent Art & Design Schools (AIAS). NAS is the only Australian member institution of this unique organisation of up to 25 institutions around the world.

The theme of AIAS Sydney 2012, Re: Imagine - Drawing on Dialogue, explored the role of drawing in the visual arts as a global means of communication and visual dialogue and as a tool for creative development in art design. This theme also enabled the leaders of the member institutions to consider the role of the independent art and design school in the higher education sector, leadership in higher education and the visual arts, and professional training for art and design practitioners in local and global contexts.

ABORIGINAL ART CeNTRe INTeRNShIp pROGRAMNow in its third year, the 2012 Aboriginal Art Centre Internship program, made possible through the generous support of Sharon Tofler and Mark Tedeschi QC, saw BFA honours Ceramics graduate Alexandra Standen undertake a ten week internship with Tapatjatjaka artists located at Titjikala NT, and BFA painting graduate Meredith Birrell with Ikuntji artists, located near haasts Bluff NT. These emerging artists acquired practical arts management experience in active Aboriginal community art centres, and were able to develop their own practice through engagement with local indigenous artists. As always this program provided both an extraordinary personal and professional opportunity for these young artists and the communities they worked with.

“Every day I seemed to be attracting more and more children who wanted to learn how to make pots on the wheel. They all seem so earnest and willing to learn. Every afternoon after school I was overrun with young budding artists all wanting to make and decorate their own bowl. The joy on their faces is lovely, and they go happily on their way when their artwork is sitting proudly on the shelf with the others.

There are so many stories to tell about the art centre and community and of course the landscape. It has been the people, especially the artists, of Titjikala who have had such a profound effect on me and for that I will be forever grateful.”-Alexandra Standen, 2012 intern at Titjikala

Alexandra Standen and local Tapatjatjaka artists at the end of a long day at the Desert

Mob Art Markets at Araluen in Alice Springs

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NATIONAL ART SChOOL BRITISh SChOOL AT ROMe ReSIDeNCYThe National Art School Residency at the British School at Rome was established during 2010. The British School at Rome is a centre of interdisciplinary research excellence in europe supporting the full range of the arts, humanities and social sciences. The British School at Rome creates an environment for work of international standing and impact from Britain and the Commonwealth, and a bridge into the intellectual and cultural heart of Rome and Italy. The British School at Rome provides a unique experience to live and work in an extraordinary environment with a diverse group of distinguished artists, historians, archaeologists and architects.

In 2012 artist and Lecturer in Drawing, Charles Cooper, undertook the National Art School Residency in Drawing at the British School at Rome. From January to March, Charles lived and worked with a diverse group of artists, historians, archaeologists and architects from around the world researching and producing a body of new work, and expanding his interest in the roadway as a visual metaphor and perspective as an allegory for perception.

The National Art School Residency in Drawing at the British School of Rome will continue to be offered in 2013 with the generous support of an anonymous donor.

“I was immediately impressed with the working structure and atmosphere of the British School. I was provided with a generous space in which to work and live, regular opportunities (particularly in the dining room) to develop friendships with archaeologists, historians and fellow artists from the British Commonwealth, unrestricted access to the School’s highly regarded library, Italian language classes and comprehensive support for the studio program, which included ongoing orchestration of a final exhibition by the eight artists in residence.

I found myself collecting and using actual bits of Roman roads, cobblestones (temporarily borrowed), known as sanpietrini, as well as pine cones, painted clay and mirrors, to create arte povera-style dioramas echoing the archaeology, architecture and history of Rome. Now back in my Sydney studio I am enjoying the process of absorbing these experiments into my current work and returning to normal after an extraordinary life experience.”

Charles Cooper, 2012 Recipient, National Art School Residency at the British School of Rome.

Charles Cooper at the Capitoline Museums in Rome

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ARTS NSW: eMeRGING ARTIST exChANGe pROJeCT WITh TSINGhuA uNIveRSITY, BeIJINGWith the generous support of Arts NSW, the National Art School and Tsinghua university, Beijing completed an ambitious Artist in Residence exchange to provide artists from Australia and China with a unique opportunity to work within diverse contemporary and traditional art worlds of our respective countries. Following the successful 2011 placement of NAS graduate and emerging NSW artist Juz Kitson in Beijing with Tsinghua university, NAS hosted professor Zhang Geming, a faculty member of the universities’ Academy of Art & Design for a period of 3 months.

The National Art School - Tsinghua university, Beijing emerging Artist in Residence exchange program is administered by the National Art School with the support of Arts NSW.

TAYLOR SQuARe TeMpORARY puBLIC ART pROGRAMTim Knowles is a uK-based artist who has been involved in exciting international projects including collaborations with the Royal Mail in London, the horticultural Society in New York, and research with the Royal Marines in Afghanistan. his work embraces experience and chance, technology and the environment to consider the poignant, troubled and sometimes-humorous relationship humans have with the natural world.

In partnership with the City of Sydney’s public Art program Tim was commissioned to develop a multi-layered project in association with the National Art School where he has been an artist in residence in 2011 and 2012.

Working with NAS Curator, Katie Dyer, Tim’s multi-discipline project was achieved with the assistance of our academic departments and through sustained engagement with our students. Taking wind as the inspiration for this project and the force through which the work is created, his collaborative commission incorporated the Windgrid in Taylor Square until May 2013, the Windlab at the National Art School Gallery and the participatory Windwalk events. Windwalks took place throughout Darlinghurst and were realised with technical assistance of the Creativity and Cognition Studios at the university of Technology Sydney.

Tim KnowlesWindgrid,

Installation Taylor Square

professor Zhang Geming in Sydney

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fuNDraiSiNG & DevelopMeNtThe National Art School continued to enlist and develop the support of its wider community to enable the School to enhance and achieve its mission of excellence in learning, creativity and practice in the visual arts both here in Australia and overseas. The generosity of our supporters with some extraordinary acts of philanthropy by individuals, companies, trusts and foundations is extremely gratifying.

Among its donors the National Art School would like to thank the invaluable continued support of leading figures in our community who are passionate about art and support the extraordinary talents of the next generation of artists coming through the School. Our special thanks go to Pat Corrigan AM in support of the Joel Corrigan Memorial Award 2011; John Olsen AO OBE for his awards for figure drawing; Julian Beaumont for his prize for Sculpture; Mark Tedeschi AM QC and Sharon Tofler for their support of the National Art School Aboriginal Art Centre Internship; and Reg Richardson AM for his support of an annual travelling scholarship.

A special ‘thank you’ is extended to the major donors whose significant gifts support large scholarships, namely the Mark henry Cain, the Bird holcomb and the Clitheroe Foundation scholarships which provide transformational opportunities for emerging artists.

It is always gratifying when new donors come to support the School. In 2012 we welcomed new donor ezekiel Solomon AM who generously supported a key project in the Sculpture Studio. Ongoing support from companies willing to donate to support art education is also applauded in 2012. Mondo Digital pty Ltd demonstrated leadership in philanthropy by supporting the purchase of equipment for the Studio of photography.

The Sir William Dobell Art Foundation, Jocelyn Maughan Art Foundation and The Trust Foundation continued their support of prizes to help and inspire students on their creative journey. The Ian potter Foundation was welcomed in 2012 as a new support by way of a significant grant for the fit-out of the new Archive and Collection Centre, to be opened in Building 11 in 2014. Other grants received were from Royal Australian historical Society and Copyright Agency Cultural Fund for academic programs in 2012.

One of the most important new areas of giving came from our most valued asset, the staff of the National Art School. 2012 saw the commencement of giving from the general and academic staff lead by generous donations by Ron Robertson Swann OAM, enid Charlton and ellen O’Shaughnessy.

The National Art School wishes to extend its thanks and gratitude for the consistent ongoing support of all our donors.

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STuDY SuppORT SChOLARShIpSthe Bird holcomb foundation honours art ScholarshipThe Bird holcomb Foundation continued to generously support a $20,000 Scholarship for a talented student to undertake study in the Bachelor of Fine Art (honours) program at the National Art School. This Scholarship provides funds for fees, materials, and a stipend towards living expenses for the one-year duration of the course.

BFA (painting) graduate Lucas Baynes was awarded the Bird holcomb Foundation honours Scholarship enabling him to undertake study in the BFA (hons) program in 2012.

At the conclusion of the 2012 Academic Year the new award recipient was photographer Anna Cuthill. In 2012 Anna published her first book, Aware, and completed a Bachelor of Fine Arts degree with high Distinction at the National Art School, Sydney. In 2012 she has been awarded photo King professional Award and then the Bird holcomb Foundation Scholarship to complete her BFA honours degree at the National Art School in 2013.

the clitheroe foundation honours fine art Scholarship The Clitheroe Foundation continued to generously support a $20,000 Scholarship for a talented student to undertake study in the Bachelor of Fine Art (honours) program at the National Art School. This Scholarship provides funds for fees, materials, and a stipend towards living expenses for the one-year duration of the course.

BFA (painting) graduate James Nguyen, was awarded the Clitheroe Foundation honours Fine Art Scholarship, enabling him to undertake study in the BFA (hons) program in 2012.

At the conclusion of the 2012 Academic Year the new award recipient was Kyle Murrell. Kyle was also awarded the Art Gallery of NSW elioth Gruner Landscape prize for the best landscape painted in oils within NSW and also received a William Fletcher foundation grant. he also undertook a group residency in April at hill end (Bryant’s Butchery studio) and later that year was awarded the John Olsen prize for figure drawing and the Clitheroe Foundation Scholarship to complete his BFA honours degree at the National Art School in 2013.

above right: hong An James Nguyen

Cautionacrylic and glitter on

canvas200 x 140 cm

above left: Lucas Baynes

Suggestion Box, Suggestion No. 02574

oil, acrylic, paper, ink, pen, nylon cord, screw,

pad lock, safety hasp and staple on board,

mounted onto four besa blocks and ink on

paper60 x 30 x 30 cm and

15 x 10.5 cm

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the Mark henry cain Memorial ScholarshipWith the support of a generous endowment made by a private benefactor, the National Art School is able to offer an annual scholarship in commemoration of Mark henry Cain, an artist trained at Glasgow School of Art who relocated to Sydney and received significant professional support from Lyndon Dadswell, Acting head of Sculpture in 1937. The Mark henry Cain Memorial Scholarship supports a student to travel and study for a period at an art school in the uK.

Awarded to elliott Nimmo at the end of 2011, elliot completed his BFA (honours) at the National Art School. In 2012 he was a finalist in the Tattersall’s Landscape Prize in Brisbane, a semi-finalist in the Doug Moran National Portrait Prize and completing a solo exhibition, Pop Venus, at Studio W in Sydney. Awarded the Mark henry Cain Scholarship (summer period 2012/13), elliot travelled in London to complete a resident at Wimbledon College and pursue his passion for painting.

The recipient of the Mark henry Cain Memorial Scholarship for 2012 is Ryan hoffman. Ryan exhibited in two shows Gallery eight in the Rocks in Sydney; Think twice and Topographic 3, and in the emporio Armani National Art School postgraduate exhibition. It is expected that he will travel to the uK in 2013/2014.

left to right: portrait of Ryan hoffman

Ryan Hoffmann work; Alaska, oil on linen, oil on polyester, oil on linen35 x 42 cm

elliott Nimmo work;Editorial for Vogue China,oil on canvas,150 x 120 cm

elliott Nimmo at the 2012 Gadens Lawyers Morning Tea

2012 Armani postgraduate exhibition.

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AWARDS, pRIZeS AND TRAveL SChOLARShIpSMany significant awards continued to be provided for the students of the National Art School to support their professional endeavours as emerging artists from our loyal, very generous and significant donors and supporters.

The National Art School Aboriginal Art Centre Internship ($6,200)Julian Beaumont Sculpture prize ($5,000) The Reg Richardson Travelling Scholarship ($3,500)Sir William Dobell Drawing prize ($2,500)Joel Corrigan Memorial photography Award ($2,000)John Olsen prize for Figure Drawing ($2,000)John Olsen prize ($500)The John McCaughey prize ($950)Jocelyn Maughan Sketchbook prize ($600)Jocelyn Maughan Sketchbook prize ($600)Jocelyn Maughan Sketchbook prize ($100)Jocelyn Maughan Sketchbook prize ($100)Jocelyn Maughan Sketchbook prize ($100)Ricia Marie Art prize ($1000)N.e. pethebridge Award ($800)N.e. pethebridge Award ($600)Chroma painting prize ($500)Stella Downer printmaking Award ($500)

Corporate partnerships thrived in 2012, led by Gadens Lawyers, a partner since 2009. In 2012 Gadens invited three National Art School artists to exhibit their work in the Gadens offices; elliot Nimmo, Federico vivarelli Colonna and Mirra Whale. elliot returned to give an address at a staff morning tea, before heading off to the uK to undertake a residency at Wimbledon College of Art.

The School welcomed emporio Armani as a sponsor supporting the postgraduate exhibtion. Chroma Australia pty Ltd also demonstrated leadership by providing much needed funds to the hSC Intensive Studio program.

The National Art School would also like to thank the many others who assist our students through the provision of significant exhibition opportunities, residencies, and external awards. These supporters are recorded in the 2012 National Art School Yearbook.

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veNue hIReIn 2012 the National Art School continued its venue hire business for commercial purposes as well as launching into a new business area for weddings. The National Art School historic site was the perfect venue for wedding receptions and promises to be a popular venue in the years that follow. Commercial hire for the period included major events for corporates and multinationals, film and television companies as well as cultural organisations such as the Alliance Francaise French Film Festival and a lecture for the Sydney Jewish Museum. The School also provided subsidised access to the campus and its venues for a range of not-for-profit organisations.

Cellblock Theatre

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NatioNal art School StaffDirector & CEOprofessor Anita Taylor(until April 2013)

Head of Academic StudiesSimon Cooper(Acting Director & CeO from April 2013)

Postgraduate CoordinatorDr John Di Stefano

Undergraduate CoordinatorJohn Bloomfield

DrawingSubject LeaderDr Maryanne CouttsLecturersCharles CooperLynette eastawayJoseph FrostDr Margaret RobertsSessional LecturersSuzanne ArcherTania BrowittAndrew BurrellAnthony CahillRoger CrawfordDr Ben DenhamIvor FabokDavid FairbairnRachel FairfaxTerry hayesemma hickspaul higgspollyxenia Joannou Frank LittlerDeborah MarksDaniel pata

Ambrose ReischeJeff RigbyKim SpoonerBelinda WardStudio TechnicianJohn Stanfield

PaintingSubject LeaderDr Stephen LittleLecturersSusan AndrewsDr Andrew DonaldsonDavid SerisierSessional Lecturers Suzanne ArcherConnie AnthesJustin Balmainvincente ButronMitch CairnsCharles CooperRoger CrawfordAgatha Gothe-Snape Joanne handleySteven harveyAnwen KeelingChelsea Lehmann Francesca Mataragaeric NiebuhrNana OhnesorgeRodney popleLeslie RiceNike SavvasRolande SouliereKim SpoonerAgnes TysonWilliam Wright AMStudio Technicianpaolo Iarossi

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CeramicsSubject LeaderMerran essonLecturersStephen BirdTania RollondSessional LecturersSimone FraserBronwyn KempSandy LockwoodSarah O’SullivanKwi Rak ChoungLinda SeiffertToni WarburtonStudio TechniciansDavid StockburnMadeline hayes

PhotographySubject Leader Christopher Stewart (until April 2012)(Semester 1)Lecturers Rebecca Shanahan (Acting Subject Leader, Semester 2)Izabela plutaSessional LecturersDonna BrettSteven CavanaghAlex KershawStacy Mehfrar Sarah MoscaJennifer NormanSimone RosenbauerSkye Wagner Studio TechnicianDamian Dillon

Printmakinghelen Mueller (Acting Co-Subject Leader 2012)peter Burgess (Acting Co-Subject Leader 2012) Sessional LecturersMaureen Burnspia LarsonJohn LoaneRon McBurniepeter McLeanWendy MurrayBrenda TyeStudio Technician Scott Clement

SculptureSubject LeaderRon Robertson-Swann OAMLecturersJames CrokeDavid hortonSessional Lecturers Linda BowdenGary DeirmendjianClara haliCaz haswellDale MilesStudio Technician Jaroslav prochavska

Art History & TheoryCoordinatorDr Michael hillLecturersLorraine Kypiotis (hSC Coordinator)Deborah Beck (Archives and Collections)Dr Ian Greig (postgraduate Research Methods Lecturer)Sessional Lecturers Dr Georgina ColeCharles Cooper Dr Christopher DeanMark Di vitisphoebe ScottAlex TrompfJamie Tsai

Student Services Quality ManagerBen Griffin Student CounsellorRaji Munro Student Services OfficerAmie AnthonyCourses Administrative AssistantJazmin velasco

Library & Learning CentreLibrary & Learning Centre Managerelizabeth LittleLibrarianSusan OliveLibrary TechniciansDuncan McCollLana Ryles Digital Lab TechnicianJohn Daly

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Directorate SupportExecutive Officer, Corporate GovernanceEllen O’ShaughnessyExecutive OfficerLinda GoodmanDirectorate Administration AssistantMonique Arundell(until April 2012)IngeLise Pedersen

Corporate ServicesHead of DevelopmentEnid Charlton Gallery Manager & Curator Katie Dyer Public Programs CoordinatorElla Dreyfus Customer Services Officer / Reception and EventsDanielle NeelyCustomer Services Officer / Alumni and EventsJulie O’ReillyFacilities & Operations ManagerChristine MyerscoughFacilities AssistantCraig Niven Finance ManagerAlan Shao Finance OfficerChloe WongHuman Resources ManagerMichael Durbin (until August 2012)Human Resources Advisor Peter McDermott (from August 2012)IT & Communications Officer Nhu PhamSecurity and Services OfficerJean-Claude Imbert Campus Assistants Marcel DelgardoSamir IsmailLead Cleaner Darwish Khalil

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fiNaNcial report

35

fiNaNcial report NatioNal art School a.c.N. 140 179 111

(a company limited by Guarantee)

financial Statements for the reporting period 1 january – 31 December 2012

DirectorS’ reportThe directors present their report on the company for the reporting period ended 31 December 2012. It covers the period from 1 January to 31 December 2012.

DirectorSDuring the Financial Year 2012 the following Directors were appointed for a first or second term of office by the Members of the Company and held office from 1 June 2012, unless otherwise noted:

Term of Office Term in Office exceptions

Mr Nicholas JohnsonChair

(1) From 11 April 2013

The Hon. John Aquilina AM Chair

(2)Resigned as Chair 22 March 2013

Mr Simon Cooper, A/CEO (1) From 12 April 2013

The Hon. Mrs Ashley Dawson-Damer

(1) -

Ms Sally Herman (1)Resigned 22 February 2013

Mr Michael Le Grand (1)Resigned 22 April 2013

Mr Adrian Renouf, Company Secretary

(2) -

Prof. Anita TaylorCEO

(2)Cessation 23 April 2013

Mr Mark Tedeschi AM QC (2) -

During the Financial Year 2012 the following Directors held office until 31 May 2012: Ms Carol Mills Mr Peter Riordan Mr Peter Watts AM, Chair Ms Sandra Yates AO, Company Secretary

36

iNforMatioN oN DirectorSThe Hon John Aquilina AM

Chair, Board of Directors (1 June 2012 – 22 March 2013)Appointed to the Board of Directors 1 July 2009Term of Office: 2

Qualifications: BA, Diped, university of Sydney; BMus (hC), DipMus (hC), Australian International Conservatorium of Music; hon DLitt, university of Western Sydney

experience: expertise in management, public policy and education. General Manager, hydro produce (Aust) pty Ltd, (2012-13); Member of the NSW parliament for Riverstone (1991-2011); Member of the NSW parliament for Blacktown (1981-91); Leader of the house in the Legislative Assembly (2007-11); parliamentary Secretary Assisting the premier (2007-11); Speaker of the Legislative Assembly (2003-07); Minister for Land and Water Conservation (2001-03); Minister for Fair Trading (2001-03); Minister for education and Training (1995-2001); Minister Assisting the premier on Youth Affairs (1995-99); Shadow Minister for education and Training (1988-95); Minister for Youth and Community Services (1986-88); Minister assisting the premier on ethnic Affairs (1986-88); Minister for Natural Resources (1986); Chairman of the public Accounts Committee (1984-86); Member of the ethnic Affairs Commission (1979-81); Fellow of the Australian College of educators (FACe); Fellow of Senate, university of Sydney (2003-11); honorary Associate, university of Sydney Graduate School of Government.

Special Responsibilities

Chair, Board of Directors (June 2012 – 22 March 2013); Finance & Audit Committee (from June 2012); performance & Remuneration Committee; properties & Assets Committee (June 2012 – 22 March 2013).

Mr Simon Cooper A/Director, National Art School & CeO (From 12 April 2013) ex Officio Director, Board

Qualifications: BFA, (printmaking), victoria College, prahran; Grad Dip Fine Arts, (printmaking) vCA, university of Melbourne.

experience: expertise in visual Arts practice and higher educationA/Director NAS; head of Academic Studies National Art School (2009 – present); principal Lecturer, A/head of Studies NAS (2008 – 09); Senior Lecturer, head of printmaking, NAS (2001 – 07); Lecturer in printmaking, victorian College of the Arts, university of Melbourne (1998–2000); Associate Lecturer in printmaking, university of Southern Queensland (1999). practicing artist since 1997.

Special Responsibilities:

A/Director & CeO of the National Art School; ex Officio Member of the Board of Directors; Finance and Audit Committee; property and Assets Committee; National Art School Foundation; performance & Remuneration Committee (From 12 April 2013)

37

The Hon. Mrs. Ashley Dawson-Damer

Director (Appointed June 2012)

Qualifications: Bachelor of economics, university of Sydney

experience: Director of Yuills group of companies since 2000. philanthropist and active supporter of the arts in Australia. Festival of Sydney board director 2012. Member of National Gallery of Australia Council since 2005 and trustee of the National Gallery Foundation since 2004. Member of the Opera Australia Capital Fund Council of Governors since 2005, and member of Opera Australia Sydney Committee since 1998. National Institute of Dramatic Arts (NIDA) board member 1997-2003; Museum of Sydney foundation trustee 1995-1999; member of Acquisitions Committee for Australiana Fund 1993-1994. patron/benefactor of Sydney Children’s Writing Competition. published book on women’s health Ripe energy, and second book In My prime launched late 2012. experienced magazine writer and lecturer.


National Art School Foundation (from July 2012); properties & Assets Committee (from June 2012).

Mr Michael Le Grand

Director (from 1 June 2012 – 22 April 2013)

Qualifications: Certificate of Advanced Studies, St. Martins’ School of Art, London Diploma Art, victorian College of the Arts

experience: expertise in tertiary education, professional art practice (Sculpture), emeritus Fellow ANu; Acting head of Sculpture, Canberra School of Art, (1986 & 1988) Lecturing and developing course programs in Foundation Studies CSA (1980 -1988) and Sculpture CSA/ANu, (1980-2007) head of Sculpture, ANu (1998- 2007) Membership of various CSA/ANu School of Art committees, boards, supervision and assessment panels for undergraduates and higher degree programs (1988 – 2007), Chair, Canberra National Sculpture Forum (1998), National Accreditation Committee member (1997) Steering Committee, CNSF, (1994) Australian National Capital Artist Board Member, (1990–1993) Numerous solo and major group exhibitions both national and international. Artist in Residence, Alberta College of Art, Canada (1992) Artist workshops and Symposiums, Japan, (1995 &1997) Germany (2000) and uSA. (1987) A major Retrospective Survey at the Canberra Museum and Gallery, (2011). Selector /Judge, Sculpture by the Sea, (2003), Selector, Sculpture by the Sea, Cottesloe, 2009 and has been a selector, judge and opener for a number of other sculpture exhibitions in NSW & ACT.Sculptures are held in private and public collections both in Australia and overseas, and have a number of public Art commissions in the ACT. Significant representation and profile in reviews, catalogues, books and art publications

38

Ms Sally Herman Director (from 1 June 2012 – 22 February 2013) Term of Office: 1

Qualifications: Bachelor of Arts (uNSW); Diploma of French, university of Grenoble; Graduate AICD

experience: A successful career in financial services in both Australia and the uS. 16 years with the Westpac Group, running major business units in most operating divisions of the Group, including the Institutional Bank, Wealth Management (BT Financial) and the Retail and Business Banking division. Most recently at Westpac heading up Corporate Affairs and Sustainability for the Group, a role held through the merger with St. George and the global financial crisis. Sat on the Board of many Westpac and BT subsidiaries, including the Responsible entities and Insurance Boards. Immediately prior to Westpac, worked at Macquarie Bank where she set up the private Bank and the Melbourne Capital Markets desk. Now a non-executive director and consultant, sitting on both for profit and not for profit boards and actively involved in the community, with a particular interest in education, the arts and indigenous affairs.premier Investments Limited – Non executive Director Me Bank – Non executive Director and member of Audit & Risk Committee, urbis (a leading urban planning and property consulting firm) – Chairman, FSA Group Limited – Non executive Director and Chair of Remuneration Committee, endeavour Foundation - Non executive Director and Chair of Risk Committee, State Library of NSW Foundation Board – Non executive Director


Finance and Audit Committee (1 June 2012 – 22 February 2013).

Mr Nicholas Johnson

Chair, Board of Directors Appointed 11 April 2013 Term of Office: 1

Qualifications: MA (politics, philosophy and economics), St edmund hall, Oxford university

experience: extensive experience in the financial services industry where he has led many financial advisory assignments with major Corporate and Governmental organisations across many industries. Including: Director, Credit Suisse First Boston in London, New York and Sydney (1983 – 1993); executive Director with Morgan Stanley, hong Kong and Sydney (1994-1996); and CeO, Barclays Capital Australia (1998-2012). In the latter role had wide ranging line management responsibilities for the overall business operations and for the profitability of the firm in Australia. previously the Chair of Sydney university's Research Institute for Asia pacific.


Chair of the Board of Directors (from 11 April 2013) properties & Assets Committee (from 11 April 2013)

39

Ms Carol Mills Director (until 31 May 2012) Term of Office: 1

Qualifications: Mpp, BA (hons), BeC; GCM

experience: expertise in the arts, management and public policy. CeO, Office of Communities NSW; Former Director-General of the NSW Department of the Arts, Sport and Recreation and of Communities NSW; Former Deputy Director-General of the NSW Department of Ageing, Disability and home Care and of the NSW Department of housing; Former head of Disability programs and Regional Director, Northern Sydney Region with the NSW Department of education & Communities (formerly known as the Department of education and Training).

Mr Adrian Renouf

Director (Appointed May 2011) Company Secretary (from 1 June 2012)

Qualifications: B Arch, university of Technology Sydney

experience: expertise in management, corporate services, professional services and public sector administration. Lead partner for NSW Government & public Sector, ernst & Young Australia; Former executive Director Corporate Services, Corporate Strategy and Business Development for Department of public Works & Services and Department of Commerce; Former Director, International Business Office, Department of education & Training; Managing Director ApR Consulting, a firm specialising in public sector management consulting; Former Architect, NSW public Works.


Company Secretary (from 1 June 2012); Finance and Audit Committee, appointed Chair 1 June 2011

Mr Peter Riordan Director (until 31 May 2012) Term of Office: 1

Qualifications: MA Business Administration, university of Technology Sydney; MA Labour Law and Relations, university of Sydney; BA Commerce, university of New South Wales.

experience: expertise in industrial relations, human resources, education and public policy. Deputy Director-General Workforce Management and Systems Improvement of the NSW Department of education and Communities; Broad range of public sector experience.

Special responsibilities

Chair, performance and Remuneration Committee (until 31 May 2012)

40

Prof. Anita Taylor

Director, National Art School & CeO (until 22 April 2013) ex Officio Director, Board (until 22 April 2013)

Qualifications: MA (RCA) painting; BA (hons) Fine Art: painting

experience: expertise in higher education leadership and management and as an artist, curator and writer. Formerly Director of the Research Centre for Drawing, university of the Arts, London; Dean of Wimbledon College of Art, university of the Arts, London; vice-principal of Wimbledon School of Art, London; Deputy head, School of Art, Media and Design, university of Gloucestershire. professorships in Fine Art awarded at university of Gloucestershire (2002): Wimbledon School of Art (2003): university of the Arts, London (2006). extensive experience of undergraduate and postgraduate teaching in Fine Art, research supervision, external examining, academic and institutional reviews. Served on the peer Review College, Arts & humanities Research Council (2004-07); Art and Design panel, higher education Funding Councils Research Assessment exercise (england, Northern Ireland, Scotland, Wales) (2005-08); Council, Royal West of england Academy (2007-09), elected as Academician (RWA, 2004). Company Director, Centre for Learning & Teaching in Art & Design (2004-06). Founding director, Jerwood Drawing prize annual exhibition project (1994- ). extensive experience on exhibition selection panels; contributions to conferences, publications, books, exhibition catalogues and articles. extensive exhibition profile, awards, works held in public and private collections worldwide.


Director & CeO of the National Art School (until 22 April 2013) ex Officio Member of the Finance and Audit Committee; property and Assets Committee; National Art School Foundation; performance & Remuneration Committee. (until 22 April 2013)

Mr Mark Tedeschi AM QC

Director (first appointed 1 July 2009) Term of Office: 2

Qualifications: MA Business Law, City of London polytechnic; LL.B, university of Sydney.

experience: expertise in the law, management of professionals, tertiary education, and art practice (photography). Senior Crown prosecutor for New South Wales (1997-present); Crown prosecutor (1983-present); president of the Australian Association of Crown prosecutors (1999-present); visiting professorial Fellow, university of Wollongong (2005-present); Lecturer in Law (1974-1977). A successful photographer for 30 years with many exhibitions and with photographs held in public galleries and museums as well as private collections; his photographs have also been published in numerous books and articles. Member of the executive of the Friends of the National Art School (2005-2009); awarded the honour of "Cavaliere" (Order of Merit of the Italian Republic) in 2009 for services to photography and the law; artist-in-residence at Sydney Grammar School (2009); Organising Committee of the 2010 parliamentary plein Air photographic competition; and has opened numerous art exhibitions, launched many books, and judged many photography competitions.


Chair of the property and Assets Committee; Chair of the performance & Remuneration Committee (from June 2012)

41

Mr. Peter Watts AM

Chair, Board of Directors (until 31 May 2012) Term of 1 Office:

Qualifications: B Arch, university of Melbourne; Dip L Des, RMIT.

experience: expertise in building and landscape conservation and arts and institutional management. Director, historic houses Trust of NSW 1981-2008, now emeritus Director; Chairman, The Johnston Collection, Melbourne; Trustee Bundanon Trust and Official establishments Trust; Member, NSW Administrative Decisions Tribunal; former Chairman, Rouse hill hamilton Collection p/L and Australian Garden history Society; former Deputy Chair Company B Belvoir Street Theatre; former member Council of Australasian Museum Directors and Foundation for the historic houses Trust Ltd; Member of the Order of Australia for services to conservation and the arts.


Chair, Board of Directors (until 31 May 2012); Finance and Audit Committee (until 31 May 2012); property and Assets Committee (until 31 May 2012); National Art School Foundation (until 31 May 2012).

Ms Sandra Yates AO

Director & Company Secretary (until 31 May 2012) Term of Office: 1

experience: expertise in business development and management and the arts. Former Chair of the NSW TAFe Commission Board and Chair of the National Art School Taskforce; Former Chair of major multi-national advertising firm Saatchi and Saatchi Australia (1996-2002); Current Chair of the Sydney Writers Festival; Chair of Get Reading, on behalf of the Australia Council for the Arts; Managing Director of her family company, the Dementer Group pty Ltd, a consulting practice that provides strategic advice to management on marketing and communications; Former member of the NSW Major events Board; Former member of the Taronga Foundation.


Company Secretary (until 31 May 2012); Finance and Audit Committee (until 31 May 2012)

4242

COMMITTeeSfiNaNce aND auDit coMMitteeDuring the Financial Year the National Art School had a Finance and Audit Committee as a sub-committee of the Board consisting of the following members:

Mr. Adrian Renouf, Chair

The Hon John Aquilina AM

Ms Sally Herman

Prof. Anita Taylor (ex officio)

The responsibility of the Committee is to advise the Board of Directors on all financial, administrative and risk management issues, including annual financial statements, annual budgets, investments, insurances, superannuation and occupational health and safety.

property aND aSSetS coMMitteeDuring the Financial Year the National Art School had a properties and Assets Committee as a sub-committee of the Board of Directors consisting of the following members:

Mr. Mark Tedeschi AM QC, Chair

The Hon John Aquilina AM



The responsibility of the Committee is to advise the Board of Directors on all matters related to the property and assets portfolio and in particular leases, site master planning, property conservation and maintenance, building compliance issues, and the collections and archives.

NatioNal art School fouNDatioNDuring the Financial Year the National Art School had a Foundation Committee, as a sub-committee of the Board of Directors consisting of the following members:

Mr. Roger McIlroy, Chair (external)



Mr Tim Storrier AM (external)

Ms Mandy Foley-Quin (external)

Ms Alexandra Holcomb (external)

Ms Catherine Oates-Smith (external)

Mr Ron Robertson-Swann OAM (external)

Mr Tom O’Donnell (external)

Mr John Barbouttis (external)

Mr Nick Cleaver (external)

The responsibility of the Foundation is to actively facilitate, promote and enhance the fundraising capacity of the Company in support of its principal mission and objectives and the underpinning strategic and business plan which aims to increase philanthropic support, sponsorship and benefaction.

4343

perforMaNce aND reMuNeratioN coMMitteeDuring the Financial Year the National Art School had a performance and Remuneration Committee, as a sub-committee of the Board of Directors consisting of the following members:

Mr. Mark Tedeschi AM QC, Chair

The Hon. John Aquilina AM

Dr. John Vallance (external)


The responsibility of the performance and Remuneration Committee is to review the performance and remuneration of the Director of the Company, to assist and advise the Director of the Company in the strategic development and establishment of performance and remuneration policies, to assist and advise the Board of Directors on aspects of performance and remuneration in support of the aims and objectives of the National Art School.

MeetiNGS of DirectorS & coMMitteeSDuring the Financial Year a total of 38 meetings involving the Directors were held.

Attendances were as follows:

DIRECTORS

BOARD ofDIRECTORS

FINANCE and AUDIT COMMITTEE

PROPERTY and ASSETS COMMITTEE

Meetings eligible to attend

Meetings Attended


Meetings Attended


Meetings Attended

Mr. p. Watts AM

5 5 4 4 2 2

The hon. J. Aquilina AM

13 13 7 7 2 2

Mr. M. Tedeschi AM QC

13 13 - - 4 4

Ms. C. Mills 5 2 - - - -

Ms. S. Yates AO 5 5 4 4 - -

Mr. p. Riordan 5 3 - -

prof. A Taylor 13 13 11 10 4 4

Mr. A. Renouf 13 13 11 11 - -

Ms Sally herman

8 7 6 4 - -

The hon Mrs Ashley Dawson-Damer

8 6 - - 2 2

Mr Michael Le Grand

8 8 - - - -

444444

DIRECTORS

FOUNDATION COMMITTEE

PERFORMANCE and REMUNERATION COMMITTEE


Meetings Attended


Meetings Attended

Mr. p. Watts AM 3 3 - -

The hon. J. Aquilina AM

- - 3 3

Mr. M. Tedeschi AM QC

- - 2 2

Ms. C. Mills - - - -

Ms. S. Yates AO - - - -

Mr. p. Riordan - - 1 1

prof. A Taylor 7 7 2 2

Mr. A. Renouf - - - -

Ms Sally herman - - - -

The hon Mrs Ashley Dawson-Damer

3 3 - -

Mr Michael Le Grand

- - - -

45

pRINCIpAL ACTIvITIeSThe principal activities of the National Art School during the reporting period were:

The provision of higher education through undergraduate and postgraduate specialist, studio-based degree courses in Fine Art; and the conducting of research, scholarship and professional practice in the visual arts and related fields. Through its Public Programs, the National Art School also provides short courses and bespoke educational training in Fine Art and the related fields to the wider public and to other organisations as a fee for service provision. The Cell Block Theatre and related venues on the Darlinghurst site are offered for hire to cultural organisations and the wider public.

The Company’s short-term objectives are to:

•Review the current transitional funding arrangement with State Government and to achieve a stable and sustainable funding environment;

•Complete the outstanding transition items of 1) Terms of occupation on the Darlinghurst site; and 2) The transfer of title of the National Art School Collections acquired prior to 23 October 2009 and held under the care, conservation and custodianship of the National Art School;

•Increase income through grants, philanthropy, sponsorship, donation and commercial activities to support its principal activities;

•Develop and accredit new postgraduate degree programs to support increased student enrolments;

•Realise the Stage 2 Facilities Renewal and upgrade of the National Art School Darlinghurst campus in keeping with the business plan and project objectives for occupation in Academic Year 2014.

The Company’s long-term objectives are to:

•Achieve a sustainable and stable operating environment supported by a recurrent base funding arrangement with a government agency or agencies;

•Grow the academic provision and associated resources in line with ethos of the National Art School;

•Achieve additional streams of income through grants, sponsorship, philanthropy, donation and commercial activities to support its principal activities and the enhancement of the resources;

•Upgrade, develop and renew the Darlinghurst campus and its facilities and learning resources to provide an excellent educational and cultural environment for the principal activities of the National Art School.

In order to achieve the above, the National Art School Strategic plan 2009-2014, and associated business and project planning is regularly reviewed, with a major review underway in 2013 as the Company develops a new Strategic plan for 2014-2019.

46

RevIeW OF OpeRATIONSThe National Art School has now completed its third full year of operations as a company limited by guarantee. The 2012 financial statements provide the second 12-month period of accounts, providing for the first time a direct comparison to the previous full financial year.

The reduction in the proportion of the supplementary funding for the overheads and on-costs continued and in 2012 with significant impact on the operating budget which resulted in a range of costs savings measures. The impact on the core business of the Company was significant.

One key aspect of the transition project remains outstanding: the establishment of the terms of occupation of the Darlinghurst Site. This issue is the subject of ongoing dialogue between the Company and the Department of Education and Communities, and other relevant government agencies. The allocation and payment of Directors' fees also requires attention from the Members of the Company.

During 2012, the Company continued to acquire artifacts for the Collections and to build the collection assets of the Company to the value of $132,170. Two major donations were received under the Cultural Gifts program in December 2012 to the value of $80,300.

In May 2012, the National Art School achieved its first substantial gift under its new Deductible Gift Recipient (DGR) status for its overall operations of $200,000 over two years with $100,000 received in 2012, from The Ian Potter Foundation for the infrastructure and fit out of a new storage and study facility for the National Art School Collections and Archives Centre as part of the overall refurbishment and development of Building 11, funded by the Arts NSW grant of $6million over three years (2011-2013).

During the year, a total of $307K was allocated to meeting the planned upgrade of the National Art School site in Darlinghurst. In May 2012, the second tranche of funding from the $6million grant from Arts NSW of $3,500,000 was released and is carried forward to 2013 when the bulk of the construction work will be completed in preparation for occupation in 2014. $47K of DeC funding was allocated for capital works for compliance and upgrade of services, facilities, roof maintenance and repair during 2012.

During 2012, the Company continued to increase funding from tuition fees and other sources with increased sponsorship and pro bono support including those from Gadens and emporio Armani; and a number of savings were made across the Company, resulting in a reduction of employee benefits expenses of $133,036 compared to 2011, and a reduction of spend on facilities and maintenance of $381,321. While an overall reduction of operating expense was achieved, the Company continued to bear additional costs of the development of new income streams as the Company aims to establish new sustainable funding streams.

Significantly, the National Art School achieved recognition as a higher education provider under the higher education Support Act 2003 in July 2012, thus enabling the Company to offer Fee-heLp for eligible students enrolled in 2013.

The total cumulative result to 31 December 2012 is $8,541,082 of retained earnings. The cash and cash equivalent consists of reserved capital funds of $6,015,882.

Further details regarding the review of operations are included in the Annual Report.

47

perforMaNceOrganisational performance is monitored by the Board of Directors and managed by the School Management Team through planning reviews, regulatory reporting, and internal reporting; against the following strategic objectives:

•To consolidate the School’s status as an independent institution

•To be financially secure

•To offer a unique and rewarding student experience; which is internationally recognised.

•To recruit and reward the best staff available

•To strategically grow and develop the School’s academic program

operatiNG reSultThese financial statements cover the period from 1 January to 31 December 2012 and the result for that period is a surplus of $6,373,641.

SiGNificaNt chaNGeS iN State of affairSOther than those reported in the Review of Operations above; there were no significant changes in the state of affairs of the Company during the financial period.

eNviroNMeNtal iSSueS The Company’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a State or Territory.

iNDeMNificatioN of officerS aND auDitorSThe Company is indemnified by the NSW Treasury Managed Fund, to cover the directors of the company (as named above), the company secretary and all executive officers of the company against any liability and claims brought against them, to the extent permitted by law.

The Company has not, during or since the financial year, in respect of any person who is or has been an officer or auditor of the company or a related body corporate:

•Indemnified or made any relevant agreement for indemnifying against a liability incurred by an officer or an auditor, including costs and expenses in successfully defending legal proceedings; or

•Paid or agreed to pay a premium in respect of a contract insuring against a liability incurred by an officer or an auditor for the costs or expenses to defend legal proceedings.

proceeDiNGS oN Behalf of the coMpaNyNo person has applied for leave of court to bring proceedings on behalf of the company or intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or any part of those proceedings.

The company was not party to any such proceedings during the year.

48

DirectorS’ & auDitor’S DeclaratioNS

50

STATEMENT OF COMPREHENSIVE INCOME

FOR THE REPORTING PERIOD ENDED 31 DECEMBER 2012

Note 2012 $

2011 $

Revenues from continuing operations

Grant Income 1(m)&2A 10,960,078 7,621,205

Tuition Fee 2,372,291 2,108,484

Other Income 2B 1,282,798 563,288

Total revenue from continuing operations 14,615,167 10,292,977

Expenses from continuing operations

employee benefits 3 6,170,434 6,235,432

Staff on Assignment from the Department of education and Communities

- 68,038

Facilities and maintenance 642,557 1,023,878

Transitional expenses 18 32,602 210,163

Audit Fee 5 35,000 35,000

project expenses 74,399 19,155

Depreciation and amortisation 156,164 187,942

Other expenses from continuing operations

4 1,130,370 1,478,974

Total expenses from continuing operations 8,241,526 9,258,582

Net operating result for the reporting period 15 6,373,641 1,034,395

Other comprehensive income

Total comprehensive income for the reporting period 6,373,641 1,034,395

STATEMENT OF CHANGES IN EQUITY


Retained Earnings:Note 2012

$2011$

Opening balance 2,167,441 1,133,046

Total comprehensive income for the year 15 6,373,641 1,034,395

Closing balance 8,541,082 2,167,441

51

STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2012

Note 2012 $

2011 $

CURRENT ASSETS

Cash and cash equivalents 7 8,831,788 2,562,520

Receivables 8 171,397 84,815

prepayment 9 145,692 118,016

Inventories 9 18,440 20,749

TOTAL CURRENT ASSETS 9,167,317 2,786,100

NON-CURRENT ASSETS

property, plant and equipment 10 852,689 571,652

Intangibles 11 94,968 121,102

TOTAL NON-CURRENT ASSETS 947,657 692,754

TOTAL ASSETS 10,114,974 3,478,854

CURRENT LIABILITIES

Trade and other payables 12 903,541 741,727

Deferred income 12 160,596 187,491

provisions 13 330,870 264,185

TOTAL CURRENT LIABILITIES 1,395,007 1,193,403

NON-CURRENT LIABILITIES

provisions 13 178,885 118,010

TOTAL NON-CURRENT LIABILITIES 178,885 118,010

TOTAL LIABILITIES 1,573,892 1,311,413

NET ASSETS 8,541,082 2,167,441

Retained earnings 15 8,541,082 2,167,441

TOTAL EQUITY 8,541,082 2,167,441

52

STATEMENT OF CASH FLOWS


Note 2012 $

2011 $

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from government, students and others

14,308,295 10,207,550

payments to suppliers and employees (7,760,130) (9,387,772)

Net cash provided by operating activities 6 6,548,165 819,778

CASH FLOWS FROM INVESTING ACTIVITIES

payment for plant and equipment 10 (271,487) (423,468)

payment for Intangibles 11 (7,410) (326,625)

Net cash used in investing activities (278,897) (750,093)

Net increase in cash and cash equivalents 6,269,268 69,685

Cash and cash equivalents at the beginning of the reporting period

2,562,520 2,492,835

Net cash and cash equivalents at the end of the reporting period 7 8,831,788 2,562,520

The accompanying notes form part of the financial statements.

53

NoteS to the fiNaNcial StateMeNtS for the reportiNG perioD eNDeD 31 DeceMBer 2012

Page

NOTe 1: SuMMARY OF SIGNIFICANT ACCOuNTING pOLICIeS 53NOTe 2A: GRANT INCOMe 58NOTe 2B: OTheR ReveNue FROM CONTINuING OpeRATIONS 58NOTe 3: eMpLOYee BeNeFITS expeNSe 58NOTe 4: OTheR expeNSeS FROM CONTINuING OpeRATIONS 59NOTe 5: AuDITORS’ ReMuNeRATION 59NOTe 6: ReCONCILIATION OF CASh FLOWS FROM OpeRATING ACTIvITIeS 59NOTe 7: CASh AND CASh eQuIvALeNTS 60NOTe 8: ReCeIvABLeS 60NOTe 9: INveNTORIeS & pRepAYMeNT 61NOTe 10: pROpeRTY, pLANT and eQuIpMeNT 61NOTe 11: INTANGIBLeS 63NOTe 12: TRADe & OTheR pAYABLeS AND DeFeRReD INCOMe 63NOTe 13: pROvISIONS 63NOTe 14: KeY MANAGeMeNT peRSONNeL DISCLOSuReS 64NOTe 15: ReTAINeD eARNINGS 65NOTe 16: FINANCIAL RISK MANAGeMeNT 65NOTe 17: COMMITMeNTS 68NOTe 18: TRANSITIONAL ARRANGeMeNTS 69NOTe 19: MeMBeRS’ FuNDS 69NOTe 20: AFTeR BALANCe DATe eveNTS 69

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The National Art School is a public company limited by guarantee, incorporated on 23 October 2009, and domiciled in Australia. The principal registered address is 254 Forbes Street, Darlinghurst, NSW 2010 and the postal address is the corner of Forbes and Burton Streets Darlinghurst NSW 2010. The National Art School is a non-profit organisation.

(a) Basis of preparationThese financial statements are presented in Australian dollars, which is the National Art School’s functional currency.

These financial statements, except for the cash flow information, have been prepared on an accruals basis and are based on historical costs, modified, where applicable, the measurement at fair value of selected non-current assets, financial assets and financial liabilities.

These general purpose financial statements have been prepared in accordance with Australian Accounting Standards, other authoritative pronouncements of the Australian Accounting Standards Board, Australian Accounting Interpretations, the Corporations Act 2001 and the public Finance and Audit Act 1983.

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts in the financial statements.

The areas involving a higher level of judgment or complexity, or areas where assumptions and estimates are significant to the financial statements are the allowance for impairment of assets.

The amounts presented in the financial statements have been rounded to the nearest dollar.

The financial statements were authorised for issue on the 1st of October 2013 by the Directors of the Company. Financial statements were previously issued on the 30th April 2013. The Directors amended those financial statements to clarify and provide more information regarding the Going Concern issue noted below.

eoshaughnessy

Typewritten Text

54

Going ConcernThere is significant uncertainty regarding continued NSW government funding for National Art School (NAS). The NSW Government provides a substantial proportion of the annual funding requirements of the National Art School. The existing funding agreement is due to expire in 2014/15. A review of ongoing funding arrangements is currently being undertaken by the NSW government through the NSW Department of Education and Communities (DEC). At the time of finalising these financial statements, the review of the forwardfunding arrangements is yet to be completed.

(b) Income TaxThe National Art School is exempt from payment of income tax under Section 50-5 of the Income Tax Assessment Act 1997 and is a rebateable body in terms of Section 65 of the Fringe Benefits Tax Act.

(c) Property, Plant and EquipmentEach class of property, plant and equipment is carried at cost less, where applicable, any accumulated depreciation and any impairment losses.

The National Art School only capitalises property, plant and equipment assets of an individual value in excess of $1,000 with an exception being the acquisition of Collection assets, which may be acquired at a value less than that threshold.

Leasehold ImprovementsLeasehold improvements to buildings are amortised over their estimated remaining useful life to the National Art School commencing from the time the improvement project is ready for use. Individual costs less than $1,000 are capitalised as part of an improvement project if the total project cost is greater than $1,000

DepreciationProperty, plant and equipment assets are depreciated on a straight line basis over their estimated useful lives to the National Art School commencing from the time the asset is ready for use. The assets’ residual values, useful lives and

respective depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. The effective depreciation rates applied to each asset class are summarised in the following table:

A sset Class Depreciation Rate

Leasehold Improvements (20 Years) 5.0% pa

plant and equipment 20.0% - 33.3% pa

Collection Assets 0.0% pa

Collection Assets Collection assets may be acquired by the National Art School either by way of donation or by outright purchase.

Donations to the Collection are recognised as received at fair value as determined by a Director’s valuation based on reference to the local and/or international market for works by that artist.

The Collection assets are not depreciated or amortised as it is expected that their value will increase over time. From time to time works may be de-accessioned and samples of those owned by the National Art School are reviewed annually, with a full collection valuation every five years; to ensure that the collection assets are disclosed at fair value in the financial statements.

The National Art School also acts as custodian to all artefacts, rare books and works of art accessioned prior to the date of incorporation. At the time of the report these assets remain the property of the NSW Government.

55

Impairment of AssetsAssets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and its value in use.

(d) Intangible AssetsThe company only capitalises intangible assets in new software purchases and software upgrades in excess of $1,000 individually valued at cost. Capitalised expenditures are recorded as intangible assets and amortised from the point at which the asset is ready for use.

Amortisation is calculated using the straight-line method to allocate the cost over the period of the expected benefit, which is the lower of the license period and 3 years (33.3%pa).

(e) Operating LeasesLease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred.

All leases held are operating leases. The monthly lease payments and timing are fixed and not affected by changes in interest rates.

(f) Inventories Inventories consist of books available for resale. The cost of inventories is determined under the First In First Out method and is valued at the lower of cost and net realisable value.

(g) Foreign Currency Transactions Foreign currency transactions during the year are converted to Australian currency at the rates of exchange applicable at the dates of the transactions.

The value of the foreign currency transactions were deemed to be of a size that did not warrant the purchase of forward currency contracts or other risk management instruments.

(h) Employee BenefitsProvision is made for the Company’s liability for employee entitlements arising from services rendered by employees to 31 December. Employee entitlements expected to be settled within one year together with entitlements arising from wages and salaries, annual leave and long service leave which will be settled after one year, have been measured at their nominal values using the remuneration rate expected to apply at the time of settlement. Those provisions which are not expected to be settled within 1 year are measured at the current value in respect of services provided by employees up to reporting date, and the discounted rate is not used in this calculation as the impact on value is immaterial.

The outstanding amounts of payroll tax, workers’ compensation insurance premiums and fringe benefits tax, which are consequential to employment, are recognised as liabilities and expenses where the employee benefits to which they relate have been recognised.

(i) SuperannuationContributions are made by the company to employee superannuation funds and charged as expenses when incurred.

(j) Cash and Cash EquivalentsFor the purpose of the statement of financial position, cash includes cash on hand and at call deposits with banks or financial institutions, net of bank overdrafts.Cash deposits earn interest at the market rate available. The balance of cash and interest earned on deposits is monitored regularly by senior management.

56

(k) Goods and Services TaxRevenues, expenses and assets are recognised net of goods and services tax (GST), except:i. Where the amount of GST incurred is not recoverable from the taxation

authority, it is recognised as part of the cost of acquisition of an asset or as part of an item of expense; or

ii. For receivables and payables which are recognised inclusive of GST.

The net amount of GST recoverable from, or payable to, the taxation authority is included as part of receivables or payables.

Cash flows are included in the statement of cash flows on a gross basis. The GST component of cash flows arising from investing activities which are recoverable from, or payable to, the ATO are classified as operating cash flows.

(l) Revenue Recognitioni. Income from Grants is recognised when received.ii. Income from Student enrolments in degree programs is recognised in the

year in which the tuition purchased is provided and it is measured at the fair value of consideration received or receivable.

iii. Income from Public Programs is recognised in the year the program is delivered.

iv. Income from Services to students or other customers is recognised upon the delivery of the service to the student or the other customer.

v. Income from Commission earned on exhibition sales are recognised when the sales proceeds from exhibited works are received by the National Art School on behalf of artists or students and then paid to artists or students after deducting the commission.

vi. Income from Donations is recognised when received. Donations-In-Kind are recognised at their agreement value. Donations of Collection assets are recognised at fair value.

vii. Income from Interest is recognised using the effective interest method as set out in AASB 139 – “Financial Instruments Recognition and Measurement.”

All revenue is stated net of the amount of goods and services tax (GST) where applicable.

(m) Deferred Income Any income received in advance is deferred and not recognised until the period to which it relates.

(n) Student and Trade ReceivablesStudent and trade receivables are recognised as the amount due less any allowance for impairment.

Trade receivables are due for settlement within 30 days of the end of the month in which the debt is incurred.

Student receivables are due on the day they are incurred however some students are given extended payment terms to settle the amount due for annual tuition. Student receivables are due for settlement in terms of arrangements agreed to with Student Services which are only allowed in special circumstances. No student may graduate from any degree course whilst any amount due to the National Art School remains unpaid.

57

ImpairmentCollectability of student and trade receivables is reviewed on an ongoing basis. Debts that are known to be uncollectable are written off, and this requires the approval of the Director of the National Art School. An allowance for impairment is established when there is objective evidence that the National Art School will not be able to collect all amounts due according to the original terms of the receivables. The amount of the allowance for impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. Any movement in the allowance is recognised in the statement of comprehensive income.

Where necessary the carrying amount of the asset is reduced through the use of an allowance account. When a trade receivable is uncollectible, it is written off against the allowance for impaired receivables.

Subsequent recoveries of amounts previously written off are credited against allowance for impairment in the statement of comprehensive income

(o) Accounts PayableThese amounts represent liabilities for goods and services provided to the company prior to the end of the financial year which are unpaid. These amounts are unsecured.

(p) InsuranceInsurance in respect of the activities of the National Art School is conducted through the NSW Treasury Managed Fund Scheme for self-insurance for Government Agencies.

(q) Deductible Gift Recipient StatusThe National Art School was entered on the Register of Cultural Organisations on 1 November 2011.

The National Art School was endorsed as a Deductible Gift Recipient under Item 1 for the National Art School General Fund from 1 November 2011.

The National Art School Gallery and the National Art School Library were endorsed under Item 1 from 1 March 2010; and the National Art School Gallery Fund and National Art School Library Fund are also endorsed under Item 4, and may receive gifts of property under the Cultural Gifts program.

The Finance & Audit Committee is responsible for the oversight and management of these Funds.

The National Art School is recognised by the Australian Taxation Office as a Charitable Institution and has the following tax concessions: GST Concession, Income Tax exemption and FBT Rebate.

58

NOTE 2A: GRANT INCOME

Note 2012$

2011$

Recurrent Allocation (DeC) 5,430,254 6,091,381

Capital Allocation (DeC) 2,000,000 1,000,000

ART NSW Facility Renewal Stage 2 14C 3,500,000 500,000

Dobell Drawing School 29,824 29,824

Total grant income 10,960,078 7,621,205

Second instalment of the grant from Arts NSW for the Upgrade of the National Art School (Stage 2), the facilities renewal project, was received in 2012.

A grant was received from Sir William Dobell Art Foundation to support provision of the Dobell Drawing School for HSC Students and the Dobell Regional Drawing Workshops for Teachers.

NOTE 2B: OTHER REVENUE FROM CONTINUING OPERATIONS

Note 2012$

2011$

Donations 333,027 131,112

Donations – Collection assets 10 132,170 43,550

Commissions 29,409 23,774

Interest Received 229,720 131,843

Other 558,472 233,009

Total other revenue from continuing operations 1,282,798 563,288

NOTE 3: EMPLOYEE BENEFITS EXPENSE

Note 2012$

2011$

Salaries & wages 5,199,626 5,192,964

Superannuation 456,584 457,720

Annual leave & long service leave 127,560 203,740

Workers compensation and payroll tax

358,142 348,065

Other 28,522 32,943

Total employee benefits expense 6,170,434 6,235,432

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NOTE 4: OTHER EXPENSES FROM CONTINUING OPERATIONS

Note 2012$

2011$

Contractors 182,474 135,936

printing and copying 45,577 51,111

prizes and Scholarships 104,270 115,246

Advertising – General 44,734 56,582

promotional Material 1,146 57,604

postage and Courier 8,269 25,168

Telephone & Web hosting 42,749 40,167

Allowance for impairment 8 18,227 215,801

Capital Compliance & upgrade 47,081 277,230

Other expenses 635,843 504,129

Total other expenses from continuing operations 1,130,370 1,478,974

NOTE 5: AUDITORS’ REMUNERATION

Note 2012$

2011$

Auditing the financial report (GST exclusive)

35,000 35,000

Auditors did not receive any other benefits from the audit of the annual report.

NOTE 6: RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES

Note 2012$

2011$

Operating result from continuing operations

6,373,641 1,034,395

Adjustment for:

Depreciation 10 122,620 85,054

Amortisation 11 33,544 102,888

Allowance for impairment of receivable & assets

4 18,227 215,801

Collection assets donated (132,170) (73,321)

Changes in operating assets and liabilities:

(Decrease)/Increase in provisions 13 127,560 203,740

(Increase)/Decrease in trade receivables

8 (104,809) (29,790)

(Increase)/Decrease in inventories and prepayment

9 (25,368) (130,083)

Increase/(Decrease) in payables and deferred income

12 134,920 (588,906)

Net cash inflow from operating activities 6,548,165 819,778

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NOTE 7: CASH AND CASH EQUIVALENTS

Note 2012$

2011$

Cash on hand 1,500 1,500

Cash at bank 8,830,288 2,561,020

Total cash and cash equivalents 16b 8,831,788 2,562,520

Restricted Use FundingThe National Art School holds two separate accounts at bank of restricted capital funding as follows:

Use Restriction 2012$

Arts NSWFacilities renewal activity to Building 11

3,434,111

Dept. of education & Communities

Site compliance activity 2,581,771

Total 6,015,882

These funds are restricted for capital use as outlined above under agreement with Arts NSW and the Department of education and Communities.

Balance for the National Art School Gallery Fund, National Art School Library Fund and National Art School General Fund:

Within the Cash at Bank balance, the National Art School holds two separate funds at bank to manage donations received for the Gallery, and for the General Fund as a Cultural Organisation. Balances for these two funds as at 31 Dec 2012 are:

NOTE 8: RECEIVABLES

Note 2012$

2011$

Trade debtors 16b 156,415 78,230

Allowance for impairment 16b (33,608) (15,381)

122,807 62,849

Other debtors

48,590 21,966

Total debtors 171,397 84,815

Ageing of impaired Receivables

Note 2012$

2011$

91-365 days 2,430 11,996

Over 365 days 31,178 3,385

Total Allowance for Impairment 33,608 15,381

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Movements in the Allowance for Impairment of receivables:

2012$

2011$

Opening balance 15,381 18,350

Allowance for impairment recognised during the reporting period

18,227 (2,969)

Closing Balance 33,608 15,381

The creation and release of the allowance for impaired receivables has been included in other expenses in the statement of comprehensive income. Amounts charged to the allowance account are generally written off when there is no expectation of recovering additional cash.

NOTE 9: INVENTORIES & PREPAYMENT

Note 2012$

2011$

Inventories:

Books for resale 18,440 20,749

Total Inventories: 18,440 20,749

Prepayment: Note 2012$

2011$

Insurance 63,905 68,561

Library expenses 3,798 1,189

Facility expenses 50,805 40,788

Deposit 21,271 660

Marketing expenses 5,914 6,818

Total Prepayment: 145,692 118,016

NOTE 10: PROPERTY, PLANT and EQUIPMENT

Note 2012$

2011$

Leaseholder Improvements

Gross carrying amount 81,325 81,325

Accumulated depreciation (11,463) (7,396)

69,862 73,929

Plant and Equipment


Accumulated depreciation (206,930) (88,377)

556,324 403,390

Collection


Accumulated amortisation 0 0

226,503 94,333

Total Property, Plant and Equipment 852,689 571,652

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Movements in Carrying AmountsMovement in the carrying amounts for each class of property, plant and equipment during the reporting period are noted below.

Donations to the Collection are recognised as received at fair value as determined by a director’s valuation based on reference to the local and /or international market for works by that artist.

Leaseholder Improvement

Plant and Equipment* Collection Total

Period end:

31 December 2012 Note $ $ $ $

Opening balance

73,929 403,390 94,333 571,652

Addition:

Donations, at fair value

2B 132,170 132,170

Acquisitions, at cost

- 271,487 271,487

Total Acquisitions - 271,487 132,170 403,657

Depreciation expense

6 (4,067) (118,553) - (122,620)

Carrying amount at the end of the year

69,862 556,324 226,503 852,689

*WIp (Work in process) of $373,043, ($112,723 for 2011), is included in the plant and equipment.

Leaseholder Improvement

Plant and Equipment* Collection Total

Period end:

31 December 2012 Note $ $ $ $

Opening balance

77,995 31,139 50,783 159,917

Addition:

Donations, at fair value

2B - 29,771 43,550 73,321

Acquisitions, at cost

- 423,468 423,468

Total Acquisitions - 453,239 43,550 496,789

Depreciation expense

6 (4,066) (80,988) - (85,054)

Carrying amount at the end of the year

73,929 403,390 94,333 571,652

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NOTE 11: INTANGIBLESNote 2012

$2011$


Impairment provision 218,771

Accumulated amortisation (100,971) (103,624)

Total Intangibles 94,968 121,102

Movements in carrying amountsMovement in carrying amounts for intangible assets between the beginning and the end of the current reporting period is set out below:

Computer software* Note 2012$

2011$

Opening balance: 121,102 116,136

Additions 7,410 326,625

Impairment (218,771)

Amortisation expense 6 (33,544) (102,888)

Net book amount at 31 December 2012 94,968 121,102

*A software license with a cost of $36,197 was expired and fully depreciated over 2 financial years till 31 December 2012, and disposed of as at 31 December 2012.

NOTE 12: TRADE & OTHER PAYABLES AND DEFERRED INCOME

Note 2012$

2011$

Trade creditors 425,843 133,129

Sundry creditors and accrued expenses

229,041 469,105

Other creditors 248,657 139,493

Total Trade & other payables: 16c 903,541 741,727

Deferred income 160,596 187,491

Total Deferred income 160,596 187,491

NOTE 13: PROVISIONS

Note 2012$

2011$

CURRENT

provisions expected to be settled within 12 months

Annual leave 330,870 264,185

Total Current Provisions 330,870 264,185

NON-CURRENT

Long service leave 178,885 118,010

Total Non-Current Provisions 178,885 118,010

TOTAL PROVISIONS 509,755 382,195

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NOTE 14: KEY MANAGEMENT PERSONNEL DISCLOSURES

a) Remuneration of Board of Directors Directors’ feesThe remuneration paid to the Chair and independent directors for the period consists of the amount for duties undertaken as member of the Board.

Directors Fees 2012$

2011$

Mr. p Watts AM - Chairman 8,000 15,000

Total Directors Fees 8,000 15,000

No other remuneration was paid to the Chair, or the independent directors. Further, all other non-executive directors received no remuneration for their membership of the Board.

b) Remuneration of the Executive Team The remuneration paid to the executive Team for the period consists of salaries and superannuation. No other kind of remuneration was received by the executive Team.

Executives’ remuneration: 2012$

2011$

Salaries 459,962 422,872

Superannuation 41,951 37,748

Total Executives’ remuneration: 501,913 460,620

c) Related Party TransactionsMr. Peter Riordan is employed and remunerated by the NSW Department of Education and Communities and performed duties as a Board member appointed by and representing the NSW Minister for Education.

Ms Carol Mills was employed and remunerated by Communities NSW and performed duties as a Board member appointed by and representing the NSW Minister for the Arts.

During the reporting period, funding and grants received by the Company from the related parties are summarized below.

Recurrent Funding1 NSW Treasury (auspiced through the Department of education &

Communities) Amount: $5,430,254 purpose: Recurrent Funding2 NSW Treasury (auspiced through the Department of education &

Communities) Amount: $2,000,000 purpose: Compliance & upgrade (Leaseholder Capital Improvements)Capital Grants1 NSW Treasury (auspiced through the Arts NSW) Amount: $3,500,000 purpose: Facilities Renewal Stage 2 projectNote that all amounts above are quoted net of GST.

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NOTE 15: RETAINED EARNINGS

Note 2012$

2011$

Retained earnings at the beginning of the reporting period

2,167,441 1,133,046

Total comprehensive income for the period

6,373,641 1,034,395

Retained earnings at the end of the reporting period 8,541,082 2,167,441

NOTE 16: FINANCIAL RISK MANAGEMENT

National Art School activities expose it to a variety of financial risks: market risk (which may include currency risk, price risk, and interest rate risk), credit risk and liquidity risk.

The overall purpose of the Finance and Audit Committee is to oversight the management and mitigate any potential financial risk for the National Art School.

The National Art School does not speculatively trade in derivative instruments, and it uses different methods to manage different types of risk to which it is exposed at the reporting date. These methods include sensitivity analysis in the case of interest rate risk, and ageing analysis for credit risk.

(a) Market risk(i) Foreign exchange riskThe National Art School performs few foreign currency transactions. Foreign currency transactions during the year are converted to Australian currency at the rates of exchange applicable at the applicable transaction date. Amounts receivable and payable in foreign currencies at 31 December 2012 are converted at the rates of exchange ruling at that date. Exchange differences are recognised in the statement of comprehensive income in the period in which they arise.

The value of the foreign currency transactions was deemed to be of a size that did not warrant the purchase of forward currency contracts or other risk management instruments. The use of such financial instruments is assessed in terms of foreign currency transactions on a case by case basis.

(ii) Price riskThe National Art School performs few foreign currency transactions. Foreign currency transactions during the year are converted to Australian currency at the rates of exchange applicable at the applicable transaction date. Amounts receivable and payable in foreign currencies at 31 December 2012 are converted at the rates of exchange ruling at that date. Exchange differences are recognised in the statement of comprehensive income in the period in which they arise.

The value of the foreign currency transactions was deemed to be of a size that did not warrant the purchase of forward currency contracts or other risk management instruments. The use of such financial instruments is assessed in terms of foreign currency transactions on a case by case basis.

(iii) Interest rate riskInterest rate risk refers to the risk that the value of a financial instrument or cash flows associated with the instrument will fluctuate due to changes in market interest rates.

The National Art School’s main interest rate risk arises from cash and cash equivalents and the risk associated with interest rate fluctuation is considered to be immaterial.

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(iv) Summarised sensitivity analysisThe following table summarises the sensitivity of the entity’s financial assets and financial liabilities to interest rate risk.

31 December 2012 Interest rate risk

-1.0% +1.0%

Carrying amount$

Operating Result$

Equity$

Operating Result$

Equity$

Financial Assets

Cash and cash equivalents

8,831,788 (88,318) - 88,318 -

Receivables 122,899 - - - -

Financial Liabilities

Trade and other payables (at amortised cost)

(785,337) - - - -

Total increase/(decrease) (88,318) - 88,318 -

31 December 2011 Interest rate risk

-1.0% +1.0%

Carrying amount$

Operating Result$

Equity$

Operating Result$

Equity$

Financial Assets

Cash and cash equivalents

2,562,520 (25,625) - 25,625 -

Receivables 62,849 - - - -

Financial Liabilities

Trade and other payables (at amortised cost)

(652,129) - - - -

Total increase/(decrease) (25,625) 25,625

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(b) Credit riskCredit risk is the risk that a counter party will not complete its obligations under a financial instrument and cause a financial loss for the other party.

The National Art School is exposed to credit risk arising from cash and cash equivalents and deposits with banks and financial institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions.

The carrying amounts of financial assets recognised in the statement of financial position, and disclosed in notes 7 and 8 best represents the entity’s maximum exposure to credit risk at the reporting date. In respect to those financial assets and credit risk embodied within them, the entity holds no significant collateral as security and there are no other significant credit enhancements in respect of these assets. The credit quality of all financial assets that are neither past due nor impaired is appropriate and is consistently monitored in order to identify any potential adverse changes in the credit quality.

The National Art School’s maximum exposure to credit risk at the reporting date was:

Note 2012$

2011$

Cash and cash equivalents 7 8,831,788 2,562,520

Trade and other receivables 171,397 62,849

9,003,185 2,625,369

The National Art School’s maximum exposure to credit risk for trade receivables at the reporting date by type of customer was:

Note Total Receivables$

Allowance for impairment$

2012$

Students 107,425 31,178 76,247

Other 48,990 2,430 46,560

Trade Receivables 8 156,415 33,608 122,807

(c) Liquidity riskLiquidity risk refers to the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities.To manage liquidity risk in trade payables, the following procedures are followed:1. Authorisation limits and departmental sign-off protocols exist for purchasing.2. All approvals and supporting paperwork are checked before entry into the

accounting system.3. Payroll is prepared for payment and approved separately from trade

payables.4. All payments require a minimum of two signatures.

The table below analyses the National Art School financial liabilities based on the remaining period at the reporting date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.

At 31 December 2012

Note > 1 yr

1 to 2 yrs

2 to 5 yrs

> 5 years

Total$

Trade & other payables

12 893,457 10,084 - - 903,541

Total 893,457 10,084 - - 903,541

(d) Fair value The carrying amount of financial assets and liabilities at 31 December 2012 are a reasonable approximation of fair value.

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NOTE 17: COMMITMENTS1. Capital:DEC Capital Compliance & Upgrade:Capital commitments contracted for at the reporting date but not recognised as liabilities.

Note 2012$

2011$

- within one year 0 31,420

- later than one year but not more than five years

0 0

- later than five years 0 0

Total capital commitments 0 31,420

Total Capital Commitments 18 0 31,420

2. OperatingOperating commitments contracted for at the reporting date but not recognised as liabilities.

Note 2012$

2011$

(a) Equipment Leases

-within one year 130,171 130,171

-later than one year but not more than five years

151,515 281,686

-later than five years 0 0

Total equipment lease commitments 281,686 411,857

(b) Site Leases

- within one year 1,285 1,272

- later than one year but not more than five years

2,677 4,118

- later than five years 0 0

Total site lease commitments 3,962 5,390

Total Operating Commitments 285,648 417,247

Site Leases - including Bryant’s Butchery, Hill End, NSW 2850 The National Art School main campus site on the old Darlinghurst gaol at the corner of Forbes and Burton Streets, and the Burton Street Annexe in Darlinghurst NSW are owned by the NSW Government and as part of the transition process the lease terms are currently in the process of being established. No charges have been incurred during the reporting period for the main campus site lease.

Lease Assignment of the Bryant’s Butchery, Hill End site was enacted on the 4th March 2013.

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NOTE 18: TRANSITIONAL ARRANGEMENTS

A one-off funding allocation of $2.4m was made to the NSW Department of Education and Communities in 2009/2010 to assist the separation and transition of the National Art School to independence. After providing for separation payments in respect of NSW Department of Education and Communities staff the balance of funding, below, was then released by the NSW Department of Education and Communities and paid to the National Art School for transitional costs.

The income received and the direct operating expenses and capital costs incurred by the National Art School in respect of transition have been disclosed in the statement of comprehensive income and statement of financial position. Direct operating expenses largely represent costs associated with consultancy work to identify transitional requirements including planning, evaluation and selection of appropriate systems. Further, management has estimated additional expenditure needed within the next year to put appropriate infrastructure in place to ensure continued operations. These amounts represent separately identifiable direct costs associated with acquiring and implementing the new systems and exclude any indirect costs. These expenditures, including commitments, are largely expected to be capitalised and are shown below.

Note 2012$

2011$

Net funding allocation received by the National Art School from the NSW Department of education and Communities

0 0

Direct expenditure incurred – Capital costs

0 361,670

Direct expenditure incurred -- Operating expenses

32,602 210,163

Total Expenditure: 32,602 571,833

Transitional capital commitments 0 31,420

Transitional service agreement commitments

0 0

Total Commitments 0 31,420

NOTE 19: MEMBERS’ FUNDS

The Company is limited by guarantee. If the company is wound up, the Constitution states that each member is required to contribute a maximum of $10 each towards meeting any outstanding obligations of the company.

As at 31 December 2012, the number of members was 2.

NOTE 20: AFTER BALANCE DATE EVENTS

None.

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NATIONAL ART SCHOOLSYD N EY • AUSTR AL IA

Forbes street Darlinghurst nsW 2010 australia t [61 2] 9339 8744 www.nas.edu.au

photography by John Bloomfield, ella Dreyfus, Michael Hill,

Lorraine Kypiotis, Julie O'Reilly, Ellen O'Shaughnessy, Fiora Sacco, Mim Sterling

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