AD M I N I STRATO R’S REP ORT
Your administrator submits his report on Parramatta Leagues’ Club Ltd (the “Company”) and the entities it controlled (collectively, the “Group”) for the year ended 31 October 2019. Administrator The name of the Group’s administrator in office during the financial year and until the date of this report is set out below. The administrator was in office for this entire period. Max Donnelly Dividends There were no dividends paid or payable for the financial year (2018: $nil). The Constitution of the Company does not permit any operating surplus to be distributed by way of dividend. Principal activities The principal activities of the Group during the course of the financial year consisted of the conduct and promotion of licensed social clubs for members of the club and promotion of rugby league football within the Parramatta district. There were no significant changes in the nature of the Group’s activities during the year. Overall objectives To ensure Parramatta Leagues’ Club Ltd is the most professional and progressive multi-purpose hospitality venue in Greater Western Sydney, by providing excellence in service and amenities for all members; and to foster, encourage, promote and control the development, playing and interests of rugby league football within the area of the geographical boundaries of Parramatta National Rugby League Club Pty Limited, a subsidiary within the Group, as defined from time to time in the by-laws of the league’s governing body.
Significant changes in the state of affairs There have been no significant changes in the state of affairs of the Group during the year. Events occurring after the reporting period No matter or circumstance has arisen since 31 October 2019 that has significantly affected, or may significantly affect: • the Group’s operations in future financial years, or • t he results of those operations in future financial years, or • the Group’s state of affairs in future financial years. Likely developments and expected results Likely developments in the operations of the Group and the expected results of those operations in future financial years have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the Group. Environmental regulation and performance The Group is not subject to any particular or significant environmental regulation under laws of the Commonwealth or of a State or Territory. Meetings of administrator The number of meetings the Company’s administrator held during the year ended 31 October 2019 and the number of meetings attended by the administrator was: Full meetings of administrator
A B
Max Donnelly
12
A = Number of meetings attended B = Number of meetings held during the time the administrator held office during the period.
Operating results for the period The net profit after tax of the Group for the year ended 31 October 2019 was $2,269,737 (2018: $3,521,526).
14
| PARRAMATTA LEAGUES CLUB LIMITED
12
a
