Bankstown Annual Report 2017 by Bankstown Sports Club

Annual Report 2016 - 2017

ANNUAL REPORT 2016 - 2017

OUR VISION

Annual Report 2016 - 2017

Making a difference for our community.

Table of Contents

KEY DEVELOPMENTS

OUR COMMUNITY

LOCAL SPORTS

BOARD OF DIRECTORS

COMMUNITY ENGAGMENT

OUR PEOPLE

PRESIDENT’S REPORT John Murray

SUSTAINABILITY

ECONOMIC BENEFIT

CEO’S REPORT Mark Condi

ASSOCIATED VENUES

FINANCIALS 2016 - 2017

Material contained in this 2016-2017 Annual Report is accurate at the time of print.

Annual Report 2016 - 2017

Key Developments INTOUCH CAFÉ In mid-2016, we carried out some minor works on intouch café to increase seating capacity, so we could cater for an increase in the number of patrons using the eatery. The upgrade has created more space for more tables and chairs, and has also made room for the beer tanks that were installed for Basement Brewhouse. These works were the first step in plans for a complete renovation of the café, which began in September 2017. The revamp will include brand new servery areas, new furniture and décor and a more modern and comfortable environment for our members and guests. These works are due to be completed by November 2017.

Basement Brewhouse BASEMENT BREWHOUSE Basement Brewhouse opened its doors on 1 November 2016, offering an extensive range of craft beers, delicious burgers and a gourmet delicatessen. Our in-house microbrewery opened with our own brand of Pilsner, Sparkling Ale, Pale Ale and American-style Pale Ale, and has since added a Brown Ale, a Kolsch and an IPA to our range. These brews are accompanied by a range of other Australian craft beers and ciders on tap, and there is also a tap wine selection for those looking for something different. The gourmet burger bar launched with a range of chicken, pork, beef, lamb and vegetarian burgers, potato and sweet potato fries, sliders, hot dawgs and indulgent shakes. In 2017, we launched the Burger of the Month campaign, where our talented chefs create delicious specialty burgers which are available for a limited time each month. Our delicatessen caters for a more delicate palate, with a selection of gourmet cheeses and cured meats on share platters.

PEKING SQ. Peking Sq. was unveiled as the club’s newest dining destination on 8 December 2016, putting a new twist on traditional, authentic Asian cuisine. Set out in a similar style to Lucky Cheng’s, with open kitchens and eclectic furniture, the talented noodle and dumpling chefs serve up the freshest yum cha, accompanied by an extensive a-la-carte menu featuring a range of creative Chinese street food. The in-house Peking duck oven produces juicy and succulent duck on-demand and the Chinese tea house serves a range of specialist herbal teas in a variety of flavours. Peking Sq. has 4 private dining rooms which are available for hire for functions and small events, and the restaurant as a whole will take both walk-ins and bookings. It currently operates 7 days a week for lunch and dinner. Members and guests have been impressed with the authentic layout and décor of Peking Sq. and in April 2017 the venue was nominated for a Restaurant & Bar Design Award.

The childcare centre will offer state-of-the-art care and learning facilities for infants and toddlers up to the age of 5, with a license to look after approximately 80-90 children per day. The centre will be open for business in mid-2018. UFC GYM is a health, wellness and fitness centre that offers programs for all ages and fitness levels. It delivers innovative and effective fitness experiences that enable members to ‘train different’, by fusing together mixed martial arts with state-of-the-art equipment, group classes, elite coaching and tailored personal training. Another floor of the office tower will be occupied by Bankstown Sports Club administration staff. There will also be training, meeting and outdoor leisure facilities for all employees to utilise and enjoy.

Annual Report 2016 - 2017

We have seen patronage increase significantly in the first half of 2017, with Friday and Saturday night’s proving to be our peak times. Our function

rooms have been extremely popular for small and large group gatherings, and the unique offering of private barrels has been a major drawcard.

FLINDERS CENTRE Construction is well underway for the Flinders Centre on Restwell Street, with the new tower to provide contemporary, efficient and sustainable A-grade office space in the heart of Bankstown. We have signed two long-term leases in the new centre, with an Early Learning Centre and UFC GYM sharing the first floor.

Peking Sq.

Flinders Centre

Board of Directors

Richard Phillips

Vern Falconer

Jim Ronis

Martin Klumpp

Jim Hanna

President

Director

Vice-President

Director

Alex Fulcher MBE, OAM Director

Mark Condi

Chief Executive Officer

Annual Report 2016 - 2017

John Murray

President’s Report

WE HAVE GROWN Bankstown Sports Club welcomed a new addition to the family in January 2017, following our amalgamation with Greenacre Bowling Club, which is now known as The Acres Club. I am extremely pleased that we have been able to help this venue as it has a lot to offer the local community, and I am excited to see it grow. We have already begun the process of upgrading the facilities to give it a more modern feel. We have replaced the furniture and updated the décor to attract a younger crowd and entice families to come and explore. Our aim with this venue is to provide a unique facility in Greenacre that the whole family can enjoy. We’ve introduced Family Fun Days, Barefoot Bowls, live music, meal specials for the kids and a selection of our Basement Brewhouse range of beers. There are also plans for a new beer garden and outdoor dining space, and a children’s play area. The feedback we have received so far has been extremely positive and I am really looking forward to seeing this club develop. AUBURN TENNIS CLUB We are hoping to have another club join the Bankstown Sports family in the coming months, with the amalgamation process underway with Auburn Tennis Club.

John Murray President

Annual Report 2016 - 2017

On behalf of the Board of Directors, I am pleased to present the 59th Annual Report for Bankstown Sports Club and its associated venues.

The 2016-17 financial year has been a very successful one for our organisation. We have expanded our operations to include The Acres Club at Greenacre, we opened Basement Brewhouse and Peking Sq., we are in the midst of construction for the new Flinders Centre office tower and we have improved many of our other facilities and services for our members and guests.

This venue has been a part of the local community for almost 50 years, providing sport and leisure facilities for all ages. It features tennis courts and a bistro, and there are raffles, bingo and special member promotions every week, which are very popular with the locals. Auburn Tennis Club is heavily involved with the local community, supporting organisations such as the Leukaemia Foundation, MS Australia, Road Safety Education, SES, the Waterfall Rural Fire Brigade and the NSW Vintage Compact Speedcar Club Inc. Members from both clubs have voted unanimously to pursue an amalgamation to ensure the future of this great club, and we look forward to working together once final government approval is given. FLINDERS CENTRE We are currently taking applications to lease floors in the new Flinders Centre office tower, with construction due to be completed in mid-2018. We have already secured 2 tenants; UFC GYM and Flinders Centre Early Learning School will share one level of the building, and the Bankstown Sports administration team will occupy another.

Flinders Centre is an ideal option for businesses looking to expand out to greater Sydney. Bankstown is rich in infrastructure, retail and educational facilities. It is also surrounded by several major industrial precincts, including Bankstown Airport. It is in close proximity to major motorways and is just 30-35 minutes from the Sydney and Parramatta CBD’s. There is also a major bus interchange and a busy train station on the Bankstown line, which is being upgraded as part of the Sydney Metro Project.

Patronage has steadily increased at both restaurants with positive reviews and plenty of publicity driving new guests to the club. The Brewhouse is attracting 25-45-year old’s which is the demographic we were hoping to target, and Peking Sq. has seen a lot of new visitors who are keen to experience true authentic Asian food. COMMUNITY INVESTMENT I am extremely proud of our contribution to the community throughout the ClubGRANTS year, with over $510,000 in cash grants and in-kind support given to dozens of worthwhile organisations. Over the past 12 months, we have been able to help over 40 community groups in the aged care, health, youth, domestic violence, disability and family sectors. Some of the initiatives we have supported include the Elder Clown Program and a new sensory garden for dementia patients at Bankstown City Aged Care, leasing costs for a plane hangar at Bankstown Airport for Little Wings, and nursing and midwifery scholarships for Bankstown-Lidcombe Hospital. We have also funded music workshops and training for young people in the local area through the Bankstown Youth Development Service, supported deaf children and their families as they start mainstream schooling, through The Shepherd Centre, as well as art therapy classes for people suffering Parkinson’s Disease, and pet therapy in the Hills Shire for sick adults and children in need. DIRECTORS In November 2016, I had the privilege of rewarding three long-standing directors with life memberships to Bankstown Sports Club.

Bankstown Sports Directors -Vern Falconer, John Murray (President), Jim Ronis & Alex Fulcher Jim Ronis has been a member of the club since 1965 and joined our board in 2005. Prior to becoming a director, he served as a ‘Returning Officer’ in the club, overseeing board elections. He has been heavily involved in soccer throughout his life and is currently one of the leading real estate agents in the Bankstown region. Jim is a life member of the Canterbury-Marrickville Olympic Soccer Club and has served on the board for Football NSW. Alex Fulcher MBE OAM, has been a member of Bankstown Sports since 1965 and has been on our board since 2006. He has dedicated much of his adult life to the sport of cycling as an elite athlete, coach, manager and volunteer, and was awarded The Order of the British Empire – Member (MBE) in 1982, and the Medal of the Order of Australia (OAM) in 2013, for his service to the sport of cycling.

Patronage at The Acres Club has been improving since our amalgamation in January and the introduction of The Acres Kitchen has been warmly received by members and guests. We are excited to see this venue grow and develop into a family friendly destination for locals. CONCLUSION I would sincerely like to thank the Board of Directors and CEO Mark Condi for the immense amount of time, effort and dedication they give to our club, and the local community. Our success to date would not have been possible without such a strong leadership team. Thank you also to all of our members and guests because without you, we would not be where we are today.

Vern Falconer has been a club member since 1993 and joined our board in 2006. He has been an active member of the unions for over 39 years, and was presented with an AWU life membership in April 2016. It is an honour to work alongside these gentlemen, and I am thrilled to have them serving our club. ASSOCIATED VENUES PERFORMANCE It’s been another successful year for all of our associated venues, thanks to the support of members and guests. Baulkham Hills Sports, Bankstown Bowls and Birrong Sports have all returned a profit in the 2016-17 financial year, which can be attributed to our incredible staff and management who work tirelessly to ensure our clubs are the best they can be. We have again exceeded expectations with customer service targets and corporate governance across all of our venues, and we continue to actively train and develop our staff with a focus on internal progression.

The Acres Club

Annual Report 2016 - 2017

WELCOMING BASEMENT BREWHOUSE & PEKING SQ. We are incredibly pleased with the progress of the two newest destinations within the club. Basement Brewhouse and Peking Sq. opened in late 2016 and have quickly grown in popularity, with guests enjoying the novelty of craft beer and authentic Asian cuisine, right here in Bankstown.

CEO’s Report

MEMBER SURVEYS We have conducted a number of surveys over the past year to get feedback from our members about the recent improvements to our club, and what they would like to see updated next. We have found this information invaluable for the future planning of our club and associated venues, as we want to provide facilities for all of our guests to enjoy. MEMBERSHIP 2017 marked a change in the way the club runs its membership. We have changed to an annual system, which means memberships will now expire exactly 1, 3 or 5 years from the date you join or renew, instead of 30 June. AWARDS Bankstown Sports Club received two awards at the 2016 NSW Restaurant and Catering Awards, which were presented at a gala event at Luna Park’s Big Top in September 2016. Greenfield Station Bistro and Atrium Bar received top honours, with Greenfield Station Bistro winning the Family Dining category in the Sydney Metropolitan area, while Atrium Bar took out the Small Bar category for the second year in a row. Bankstown Sports Club had several other restaurants named as finalists, including Platform One, Lucky Cheng’s, Stuzzichino and Pizzeria Bellucci.

Mark Condi

Chief Executive Officer

Annual Report 2016 - 2017

It’s been another huge year at Bankstown Sports and our associated venues with new restaurants, successful events and contributions to the community that we can all be very proud of. Our family expanded following an amalgamation with The Acres Club (formerly Greenacre Bowling Club) and we have already leased a number of floors of the new Flinders Centre office tower.

I am pleased to confirm we have again returned a positive financial result for the year ending June 2017, even with all of the new developments and construction projects currently underway. This is a clear indication of the loyalty and dedication of our members, guests, local sporting clubs, community organisations and our staff.

In October 2016, we celebrated all of our wonderful volunteers with our Service to Sport Medal and Awards night. It was particularly special for four long-serving members, who were awarded The Service to Sport Medal for their 20+ years of service to our associated sporting clubs. PROJECT SYDNEY Bankstown Sports Club signed on as an exclusive sponsor of the 2017 Project Sydney campaign (formally Go West), which aims to celebrate, promote and advocate for Sydney’s western suburbs. One of the major features of this event is the Best of Sydney Food Awards, where Sydneysiders are encouraged to nominate their favourite restaurants. Following our success in the 2016 Best of the West Awards where La Piazza was named Favourite Restaurant in the Canterbury-Bankstown area, we are again celebrating the outstanding

Mark Condi - Bankstown Sports CEO, Anthony Ball - ClubsNSW CEO, NSW Police Commissioner, Mick Fuller and Minister for Police, Tony Grant

PARTNERSHIP WITH NSW POLICE In 2016, Bankstown Sports partnered up with ClubsNSW and NSW Police to raise awareness about a new anti-domestic violence campaign called ‘It’s not your fault’. We’re among a group of several clubs in Sydney’s west and south west to join the fight against domestic violence, to remind people that there is no excuse for it and that it is never the victim’s fault. We understand we have the opportunity to spread this message to thousands of people in our community. Police respond to more than

140,000 incidents of domestic and family violence every year, which is about 380 cases every day, so it is vitally important that we get right behind this initiative. MANAGEMENT MOVES With the acquisition of our fifth venue this year, the board and I identified the need to make a few changes within our senior management team, to ensure all clubs were receiving the guidance and structure they required. We created a new role – General Manager, Venues – to look after the general operations of all associated venues. Michael Clancy, who has been Bankstown Sports Club’s Operations Manager for seven years has taken over this role and will work very closely with all Venue Managers. Assistant Operations Manager Matt Tanti will take over as head of the Operations Department.

CONCLUSION I would sincerely like to thank our Board of Directors, our staff, members, club guests and all of our associated sporting clubs for their contribution to our organisation this year. Without your ongoing support, everything I have mentioned here would not be possible. We have again maintained a strong and positive presence in the local community and in the club industry as a whole, and I’m really looking forward to another prosperous year ahead. Special thanks to General Manager Andrew Kelly and General Manager - Venues, Michael Clancy who have worked tirelessly to ensure our club runs as smoothly and efficiently as it possibly can. Thank you also to all of their support staff and to our frontline employees, for all of your enthusiasm and passion for what we do. Congratulations on another successful year.

Annual Report 2016 - 2017

achievements of some of our eateries. Greenfield Station Bistro was awarded Best Club Food overall for 2017 and La Piazza won Best Pizza in the southwest region. Both restaurants beat out hundreds of nominees put forward by the general public, who were asked to nominate their favourite breakfast spots, favourite burgers, club food, pies, pizza and pub food.

Our Community The ClubGRANTS scheme is a grant system designed by the NSW government to fund frontline services in the local community. Each year through ClubGRANTS, clubs across NSW provide support to thousands of community organisations, sporting groups and charities in their local areas. As a community club, Bankstown Sports has always exceeded this requirement.

BANKSTOWN SPORTS CLUB GROUP

DONATED OVER 50% MORE

TO THE COMMUNITY THAN THE REQUIRED CONTRIBUTION.* SUMMARY TOTALS

CATEGORY 1

CASH AND IN-KIND

$864,876.46 CATEGORY 2

CASH AND IN-KIND

$1,750,553.52 OTHER CONTRIBUTIONS

$455,747.90

Projects and/or services that contribute to the welfare and broader social fabric of the local community are eligible for Category 1 funding. As an example of Category 1 funding, Bankstown Sports has funded Bankstown City Aged Care, Youth Off The Streets and Mission Australia.

As a registered club founded by local sporting clubs, Bankstown Sports has maintained its charter to give back to local grassroots sporting clubs. Over the last 12 months, Bankstown Sports has continued its relationship with over 40 local sporting clubs, with financial, In Kind and administrative support to their members and volunteers. Additionally, local schools and community groups have also been supported under Category 2 in funding.

Beyond meeting the requirements under ClubGRANTS legislation, Bankstown Sports has tailored support to areas of need specific to our local communities. This includes contributions to sporting clubs associated with our smaller venues, and the upkeep of their sporting facilities. Bankstown Sports Bowls and The Acres Club were not eligible for ClubGRANTS in the 2016-2017 period.

Annual Report 2016 - 2017

GRAND TOTAL

$3,071,157.88 *ClubGRANTS is a state-wide government initiative whereby registered clubs which earn more than $1 million annually in gaming revenue must contribute a minimum of 2.25% to the community through grants meeting specific criteria. The figures on this page reflect Bankstown Sports Club Groupâ&#x20AC;&#x2122;s contribution from 1 September 2016 to 31 August 2017.

ClubGRANTS

Category 2

Aged, Disability or Youth Services

48%

Sport

75%

Early Childhood Health/Child and Family Services

Community Activities

10%

Community Transport Services

Education

Counselling Services

Cultural Activities

Drug & Alcohol/Palliative Care/ Women's Health/Aboriginal Health/ Dental Services

Medical Research

<1%

Local Committees

<1%

Health

<1%

Neighbourhood Centre/Youth Drop in Activities

Employment Placement/Advocacy Services

Family Support/Emergency or Low Cost Accommodation

Home and Community Care & Disability Services

Community Nursing/Therapy/Mental Health Services

Community Education Programs

Veteran Welfare Services

Volunteer Emergency Services

Child Protection/Child Care

Health Promotion Initiatives

Annual Report 2016 - 2017

Category 1

Community Engagement Every year, about 500 clubs across NSW allocate funds to help community groups, charities and sporting teams in need. Last year, registered clubs gave more than $100 million in support, and since the program began, more than $1 billion has been distributed.

ClubGRANTS recipients CLUBGRANTS OVERVIEW In Bankstown, 37 local community groups who support the diverse needs of the region have been given more than half a million dollars in funding from Bankstown Sports Club in the ClubGRANTS round ending August 2016. These funds were administered via the local ClubGRANTS committee consisting of representatives from Bankstown Sports Club, Revesby Workers, Bankstown RSL, Condell Park Club, Panania Diggers, Chester Hill Bowling and Recreation, Mt Lewis Bowling Club and Padstow RSL.

Annual Report 2016 - 2017

In The Hills Shire, six community groups were supported by Baulkham Hills Sports Club via the local ClubGRANTS Committee.

Among the grant recipients were St Francis Social Services who received a grant to help with their Greenlight Movement, which teaches underprivileged teens to drive; the Leukaemia Foundation received $7,550 to help with its Patient Transport Program; The Shepherd Centre for Deaf Children received funding to help with emotional and educational support for families in the Bankstown area; and Mission Australia’s early intervention program to recognise the signs and symptoms of sexual abuse has also been supported.

Bankstown City Aged Care Garden BANKSTOWN CITY AGED CARE Bankstown City Aged Care (BCAC) has been looking after our community since 1973, providing a safe, comfortable and enjoyable environment for its elderly residents. As well as residential care, it provides in-home support, respite care, advice and wellness programs to cater for all.

Another project the club has been happy to support through the ClubGRANTS scheme is the creation of a special sensory garden, designed specifically to meet the needs of dementia patients. The club has contributed $55,000 to fund the design and creation stage of this initiative.

BCAC currently has over 100 residents living with dementia, a condition which affects a person’s memory and ability to complete familiar tasks. The facility has a range of activities and services available to improve their quality of life and offer the highest level of care. This includes the Elder Clown project, which has been funded by Bankstown Sports Club, and has seen a significant decrease in the agitation levels of residents, a decline in behavioural disturbances and an improvement to the quality of family life.

The new garden was completed in late May 2017, and has replaced the old outdoor space in the middle of the Gillawarna unit. It incorporates a range of different elements to tap into all five senses including colourful flowers, animal statues, usable gardening equipment and a new outdoor entertainment space. Residents, under the supervision of staff, are encouraged to maintain the garden themselves. Support this year: $100,000 Length of association: 45 years

ONE BILLION RISING Bankstown Sports Club is proud to support Asian Women at Work and their participation in the One Billion Rising Valentine’s Day flash mob; the world’s biggest event to raise awareness of the exploitation of women. Each year, thousands of women in hundreds of countries around the world gather in public places to dance together, to show their determination to fight the exploitation of women.

In Sydney’s west, hundreds of women dressed in red, gathered to dance in Parramatta, Bankstown and Campsie, to fight for women’s rights. The Bankstown event was held at the train station in the South Terrace Forecourt, where plenty of people stopped to watch the flash-mob of supporters.

Asian Women at Work assist migrant women workers with strategies and resources to improve their lives, and end exploitation in the workplace and at home. Support this year: $12,250 (for three programs total) Length of association: 3 years

Annual Report 2016 - 2017

One Billion Rising: Asian Women at Work

Bankstown Girls High School Students BANKSTOWN GIRLS HIGH SCHOOL SCHOLARSHIP PROGRAM Bankstown Sports again supported the Academic and Sporting Scholarship program at Bankstown Girls High School, through the ClubGRANTS scheme. The program allows four students in years 7, 9 and 11 an opportunity to learn and fulfil their academic and sporting potential. The club has been supporting this program since 2006, and over the 10 years it has provided over $140,000 in funding. The scholarships support students who are experiencing financial hardship, but who have academic and/or sporting potential which could be advanced with some financial assistance. Bankstown Girls High School Acting Principal Mark Leary says the school is extremely grateful to the club for its support.

Annual Report 2016 - 2017

“These scholarships are an important part of providing equity for some of our girls. Many of the girls have very complex family situations and the financial hardship aspect of the scholarship guidelines ensure that the scholarships go to girls who are in need of financial support”.

“The girls who receive the scholarships use them to enhance their potential to achieve academically. They relieve a lot of stress from the girls and their families by helping them purchase equipment to help them with their learning. Every girl who earns a scholarship uses the money wisely to enhance their education and take advantage of a number of opportunities”. Support this year: $14,000 Length of association: 12 years

Bankstown Sports Vice-President Richard Phillips, Forbes SES and Community representatives FORBES FLOODS The town of Forbes was declared a natural disaster zone in September 2016 after the largest flood in over 50 years hit the region, inundating hundreds of homes and wiping out crops and livestock. Residents were forced to evacuate their homes and weren’t able to return for several days, as the Lachlan River continued to rise, peaking at 10.67 metres. One man was killed, while the main highway in and out of the town was shut for six weeks, having a major impact on trade and tourism. Forbes Jockey Club got in touch with Bankstown Sports to ask for assistance, as they too had been affected by the disaster. Their race track had been inundated by water and many parts still hadn’t dried out, several weeks after flood waters subsided. Their request was put to the Board who has made a $10,000 donation to the local SES who have purchased a sandbagging machine, which will be used to protect homes in future flood events.

Bankstown Sports Club has a close association with the town of Forbes, where members have been attending and supporting the local jockey club’s August meeting for more than two decades. Secretary of the Jockey Club, Blake Nicholson, says the donation is an enormous boost to the club’s efforts to raise money for everyone affected by the disaster. “A lot of the guys from Bankstown have become good friends of ours and when they heard about the floods they wanted to do something to help. Obviously $10,000 is a large amount of money and we’re very grateful to the club for its support”. Support this year: $10,000 Length of association with Forbes SES: 1 year Length of association with Forbes Jockey Club: 22 years

Sustainability

RESPONSIBLE FOOD SOURCES As a club, we are also very mindful of how we source our food products. We recently made the switch to free range eggs throughout all of our restaurants, and we have set up positive relationships with local cattle producers to ensure our meat comes from reliable and credible farms. While these options may not be the cheapest or most cost effective, we feel it is the right thing to do in order to be a sustainable organisation.

POWER SAVING Monitoring our energy usage has been a high priority over the past 12 months, in a bid to drive FACTS & FIGURES down our environmental footprint. We have In 2016-17 we have been able to: installed a second energy-efficient chiller, which • Divert recyclables and food waste from landfill supplies cold water to the club and the adjoining • Decrease energy and water consumption with Travelodge Hotel. We have ordered a third chiller a new chiller which is due to arrive in late 2017, which will service • Replace lighting throughout the club with LED the new Flinders Centre office tower. Our plans for 2017-18: Other initiatives which have helped us reduce our • Reduce, Reuse, Recycle: Increase our recycling energy consumption include a new water-saving rates and decrease the amount of waste sent dishwasher in Greenfield Station Bistro, which uses to landfill by 10% less water, less chemicals and electricity. It will help • Better energy efficiency and lower water us save over $93,000, 343,100L of water, 11,909kw consumption: decrease our water and energy of power and 759kg of detergent. usage by 10% • Promote, Engage and Change: coordinate We have also installed LED lights throughout the sustainability activities to engage patrons and club, replacing paper towels with energy-efficient staff in events like Cleanup Australia Day, hand dryers in all bathrooms, and the continued Earth Day and National Recycling Week. use of the Tersano cleaning system which has drastically reduced our chemical usage.

GLASS RECYCLING REPORT We aim to recycle as much as we can throughout our club, and this includes all of our glass products. We use the BottleCycler glass management system which is a quiet, environmentally friendly bottle crusher that manages our waste glass safely and efficiently. Bottles from our bars and restaurants go straight into the BottleCycler machine at the back-of-house, where they are processed for recycling on the spot. The crushed glass is transported to Glass Recycling Services in Penrith for processing, before it is sent to ACI Glass Packaging for manufacturing into new glass products. In the 2016/17 financial year across four of our venues: (Bankstown Sports, Bankstown Bowls, Baulkham Hills Sports, Birrong Sports) Number of bins collected

1,749

Kgs of glass collected

96,195

CO2 equivalent

57,717

The 96,195kg of glass we collected and recycled is the CO2 equivalent of 201,913kms driven in a family car.

Annual Report 2016 - 2017

Our overall approach to sustainability this year, and in previous years, has had a focus on improving efficiency, managing community expectations and being good corporate citizens. We have developed a 3-year strategic plan with which to manage our environmental impact and ensure we are running our business as efficiently as possible.

Associated Venues

Recipients at Baulkham Hills Sports Sports Person of the Year Awards

THE ACRES CLUB Bankstown Sports Club officially amalgamated with The Acres Club in Greenacre (formerly Greenacre Bowling Club) on 31 January 2017. The venue had formally requested assistance from other clubs after running into financial hardship. We have committed to invest in The Acres Club, with the aim to make it self-sufficient. Bankstown Sports has updated the interior of The Acres Club, replacing the outdated furniture and décor to give the venue a fresh, modern look. The old carpet has been replaced with wooden floorboards, and there are new tables and chairs in the dining and bar areas which has created a more comfortable and relaxed feel. The bathrooms have been updated, as has the bar and gaming area, and there are plans for a significant overhaul of the outdoor space, with a new children’s play area and a 208-seat beer garden in the final design stages.

Annual Report 2016 - 2017

Bankstown Sports Club Executive Chef Helmut Gundendorfer has taken control of The Acres Kitchen, with a great selection of delicious meals and family dining offers, and we have also introduced a number of craft beers and boutique wines to the beverage menu.

Our aim is to make The Acres Club a familyfriendly destination, so in 2017 we began hosting Family Fun Days, which involve jumping castles, face painting and live music. The club also offers Barefoot Bowls, weekly meat raffles and poker.

BAULKHAM HILLS SPORTS CLUB SPORTS PERSON OF THE YEAR In July 2016, we celebrated the outstanding achievements of members from our affiliated sporting clubs at the annual Sports Person of the Year Awards. More than 100 invited guests attended the evening, including several life members of the sporting clubs, members of the board, CEO Mark Condi, special guest speaker and Junior National hockey player Greta Hayes, as well as members from our associated sporting clubs in the sports of cricket, football, netball, baseball, golf and hockey. Five young sporting stars received Junior Sports Person of the Year Awards for their performance and sportsmanship on, and off the field, and eight senior players also received recognition for their contribution to their clubs. HELP2HELP Our staff are always looking for ways to help the local community, whether it be through volunteer work, financial assistance or events at the club. One of our ongoing initiatives is to donate our tip jar money at all of our points-of-sale to a charity organisation, and Help2Help is the group Baulkham Hills Sports Club has raised funds for in 2016-17. Help2Help provides assistance to impoverished communities in Cambodia, building schools and orphanages to provide children with an education. DEGUSTATION DINNERS We also introduced a new dining experience for our members and guests. The club teamed up with various wine-makers to offer 5-course Degustation Dinners, where guests are served delicious specialty dishes from The Gallery Restaurant kitchen, with a range of whites, reds and dessert wines, to complement each flavour.

BIRRONG SPORTS CLUB NEW DESSERT BAR We sweetened up the food offering at Birrong Sports this year, introducing a new gelato bar to The Italian Bistro. There are 7 flavours to choose from, served in either a cup or a cone. There’s also a variety of delicious cakes, slices and tarts to finish off your meal. The Italian Bistro continues to be extremely popular in the local area, offering a family-friendly menu that caters for every palate. There are Tapas sharing plates, an extensive pasta menu, steak and lamb from the grill, a variety of seafood options as well as a veal and chicken selection. There are also more than 20 different flavours of pizza, sides, breads and a variety of fresh salads to choose from. SHAVE FOR A CURE On the afternoon of Sunday, 26 March a small group of members from Birrong Sports Club got together and decided to raise money for a very important cause. The group, led by long-time member Michelle Hillyer, organised a Shave for a Cure event, to fundraise for the Leukaemia Foundation, which funds research and provides free services to support people with blood cancer. More than 30 people put their hands up to either shave or colour their hair in front of dozens of locals who turned out in support. Member Simon Hawthorne – who hadn’t had a haircut in over seven years – had all of his hair and beard shaved off, while bowler Phil Woodley managed to raise $870 himself. Even Michelle ended up shaving her head to a number four! Birrong Sports Club donated $1,000 to the cause, and all up they raised more than $10,000!

The Acres Club

Baulkham Hills Sports

The Acres Club

Bankstown Sports Bowls

Birrong Sports

Bankstown Sports Bowls

CHRISTMAS TOY DRIVE + RAFFLE Christmas is a time for giving, not just to our family and friends, but to those in the community who need our help. Bankstown Bowls held its annual toy drive again, collecting donations of gifts for the sick kids at the Childrenâ&#x20AC;&#x2122;s Hospital in Westmead. In 2016, the club was able to collect almost 80 brand new toys which were taken to the hospital and handed out to the children. We also held a ham raffle to raise money for the hospital and with a $1,000 donation from the Bankstown Sports Club board, we were able to raise almost $6,000. This enabled us to purchase a new Anetic Aid QA3 Patient Transport Stretcher, which is a compact, light-weight and manoeuvrable patient trolley which is easy to use and comfortable for theÂ patient.

ANZAC DAY On Tuesday 25 April, as the nation stopped to commemorate ANZAC Day, a group of Bankstown locals and members of the Bankstown Sports Club family gathered at the Bowls Club for the annual Mixed Bowls Legacy Fundraiser. This was the 5th year this event has been held and during that time, more than $15,000 has been raised for local widows and children of Defence Force personnel who have suffered serious injury, illness or death as a result of war. Bankstown Sports Chairman John Murray was joined by directors Alex Fulcher, Vern Falconer, Jim Ronis and Jim Hanna for a special commemoration service, some friendly mixed bowls and some lunch. There were also a few fundraising games and a raffle, which helped to raise $4,720 for Legacy Bankstown.

AUBURN TENNIS CLUB We are in the process of amalgamating with Auburn Tennis Club, which has been in financial decline over the past few years as membership numbers have dwindled. They requested assistance to sure up their existence, and Bankstown Sports Club has stepped into help. A members meeting was held on 31 July 2017 at Bankstown Sports where everyone voted unanimously in favour of the amalgamation. We are now awaiting final government approval. The club features tennis courts and a bistro, it hosts functions and events and weekly activities include meat raffles, bingo and member promotions. Auburn Tennis Club has a very good reputation within the local area and is also involved with a number of community organisations.

Annual Report 2016 - 2017

BANKSTOWN SPORTS BOWLS

Sarah Aley , Australian Women’s Cricket Team and Bankstown Sports Women’s Cricket Club

Local Sports Joe Collister, Bankstown Sports Men’s Bowling Club SERVICE TO SPORT AWARDS Bankstown Sports Club celebrated another year of remarkable volunteer work, with its annual Service to Sport Medal and Awards dinner in The Grand Ballroom. Held on Monday, 24 October 2016, members from our 42 associated sporting clubs gathered for a 3-course meal, to recognise the invaluable contribution our members and volunteers make to the local community.

Annual Report 2016 - 2017

Young Club Person of the Year went to Emma Newman from the Bankstown Sports Women’s Cricket Club for her active and ongoing participation in club activities as a coach and volunteer, and Troy Freeman from the Bankstown Sports Strikers Football Club was named Volunteer of the Year, for generously donating his time and effort to serve his local community.

Bankstown Sports Strikers Football Club was named Club of the Year for their development of junior sport in their local community. They have also been exploring several charity opportunities and this year donated their former club uniform to two different orphanages in Vanuatu and Myanmar. And finally, the highlight of the night saw four long serving members of Bankstown Sports and its associated venues recognised for their years of service to the sporting clubs. The Service to Sport Medal is our most prestigious accolade and is presented to members who have given 20+ years of service as a volunteer. There were four recipients this year; Victor Gauci, Bankstown

District Sports Junior and Senior Cricket clubs (21 years); Terry Webb, Baulkham Hills Cricket Club (50 years); Joe Collister, Bankstown Sports Men’s Bowling Club (35 years); and Bernie White, Bankstown Sports Men’s Bowling Club (51 years). BANKSTOWN SPORTS WOMEN’S CRICKET One of our grassroots cricketers made huge waves on the international women’s cricket scene in 2017. Bankstown Sports Women’s Cricket Club member Ashleigh Gardner was selected in the Southern Stars squad to play New Zealand in the T-20 series in February, before crossing the Tasman for three one-day internationals. She was also chosen to play for Australia in the 2017 Cricket World Cup in England. The team lost to India in the semi-finals, but Ash was a standout in all of her matches, bowling the second highest number of overs of any woman in the tournament, taking 8 wickets. The 19-year-old emerged as one of Australia’s hardest hitting batters after starring for the Sydney Sixers in the Women’s Big Bash League over the 2016-17 summer. The off-spinning allrounder was a standout during the series, scoring 414 runs, taking 10 wickets, and being named the Rebel Young Player of the Tournament. Teammate and fellow Bankstown Sports Women’s Cricket Club member Sarah Aley also played for Australia in the World Cup, featuring in our match against Pakistan.

Ashleigh Gardner , Australian Women’s Cricket Team and Bankstown Sports Women’s Cricket Club BANKSTOWN DISTRICT CRICKET CLUB Bankstown District Cricket Club was named Cricket Australia’s Premier Grade Cricket Club of the Year 2017. The prestigious award was presented to President Scott Grant and long-standing Club Executive members Brian Freedman, Eris Dignam and Martin Klumpp at the A Sport for All – Community Cricket Awards function at the Melbourne Cricket Ground in April 2017. The club won the award for its demonstrated excellence as a premier grade cricket club, for creating a sustainable participation in cricket and providing a high-quality experience for everyone, and for having shown a firm commitment to inclusion by ensuring that cricket is a sport for all Australians. Bankstown District Cricket Club has worked tirelessly to develop and maintain a strong club culture and deliver first class on, and off-field facilities. It also provides a yearly donation of cricket gear to Uganda and is involved in the All Abilities Cricket Program. Bankstown Sports Club has been a major supporter of Bankstown District Cricket Club for many years. BAULKHAM HILLS SPORTS CLUB NETBALL 2016 marked 50 years since the creation of what is now known as the Baulkham Hills Sports Netball Club. On 8 July 1966, a group of

Service to Sport Award recipients

Bankstown District Cricket Club donation to Uganda

Baulkham Hills Netball Club celebrates 50 years.

Scott Grant, Bankstown District Cricket Club

In 1969, teams were registered with the Blacktown Association. In that same year, five of the club’s players were selected in Blacktown representative teams. In 1969, the Baulkham Hills Cricket and Recreational Club changed its name to the Baulkham Hills Sporting Club. In 1970, women’s basketball was changed in Australia to netball, so the club then became the Baulkham Hills Netball Division. Two years later the club was a founding member of the Baulkham Hills Shire Association, which is now one of the largest in NSW. Over the next 40 years the club continued to grow and develop. Many current players and volunteers have been with the club for decades and in some cases there are three generations per family represented. In its 50th year the club boasts 38 teams catering to all levels, with 27 representative and state league players and seven representative level officials. THE FREEMAN’S Congratulations to Bankstown Sports Strikers Football Club secretary Kylee Freeman, who received a State Award from Football NSW for her contribution to the sport of football. At a prestigious state dinner at the Novotel Sydney Norwest Grand Ballroom, volunteers from around

the state were recognised for their invaluable service to the community. Kylee was nominated by the Bankstown District Amateur Football Association, for her work with the Strikers. She has been the club’s secretary for a number of years and juggles her role alongside being a fulltime teacher and a mum of 3 children. Kylee is known for keeping the club running smoothly and fairly and she will not tolerate bad behaviour from any players or parents. She is so committed to the Strikers that she rarely goes to watch her own children play, as she is always at the club’s home ground, making sure everything is going to plan. Kylee’s husband Troy is also heavily involved in volunteer work and was awarded Bankstown Sports Club’s 2016 Volunteer of the Year Award. G.O.A.L Bankstown Sports supports 42 sporting clubs in the Bankstown, Birrong, Baulkham Hills and Greenacre areas, providing financial, in-kind and administrative assistance to help them run effectively and in the best interests of their members. Each club is governed by its own committee of volunteers responsible for on and off-field operations. By way of ensuring each club is being run the best way possible, the G.O.A.L. (Governance and Operations Accreditation Level) program has

been established to identify any areas that may need improvement, and where Bankstown Sports could offer more support and training. There are five key focus areas: 1. Finance Management and Governance 2. Communication, Information Management and Community Engagement 3. Player, Volunteer Management and Codes of Behaviour 4. Health & Safety and Risk Management 5. Equipment and Facilities Management In a survey administered by consultants Crowe Horwath late last year, 33 clubs were asked to mark themselves on the above areas and based on these results, were given an Accreditation level from 1-5; the higher the rating, the better the governance of the club. The survey will be re-administered in the first half of 2018 to chart the improvement across our clubs. XERO ROLL-OUT Within the G.O.A.L framework, Bankstown Sports is assisting clubs with standardised financial practices and is leading the implementation of cloud-based financial software, Xero. The Xero software will give club executives instant access to financial records and reports from any internet connected device. This will drastically reduce the need for manual records and record keeping, improve access to information, and free up the precious time of volunteers.

Annual Report 2016 - 2017

women from the Baulkham Hills Cricket Division decided to create a “ladies basketball” division in the local area, playing in the Eastwood Ryde Association competition.

Our People

Reception Staff STAFF ENGAGEMENT SURVEY Following our first ever Staff Engagement Survey in 2015, we rolled out the second edition in late 2016 titled LIKE IT, LOVE IT, RATE IT, to find out what our employees enjoy about working at our club, and to identify areas that may need improvement.

Annual Report 2016 - 2017

We had a huge increase in participation in the second survey with an 85% response rate, up from 52%.

The positives: • Our overall engagement score for 2016 was 54, up from 48 the previous year • Bankstown Sports Club has an excellent reputation within the local community • Most of the staff feel the club environment is open-minded, and accepts individual differences • The majority of employees feel the club is a socially and environmentally responsible organisation • Our staff are proud to be part of our organisation Where we can improve: • How, why and when we recognise our employees for their achievements

Salvation Army Touch Football participants • Internal communication methods • Ensuring all employees feel valued for the work they do. In order to communicate this, management conducted focus groups with every employee to share all of the survey results. STAFF ENGAGEMENT TEAM We have also established a Staff Engagement Team, which is made up of enthusiastic staff members who want to help make our clubs better places to work. The team meets monthly to discuss any issues affecting workers, and helps to devise plans to solve those problems. We are always looking for ways to improve the customer experience at our clubs, and to make sure we are completely aligned with the local communities wants and needs. But we’re also striving to make our club a happy, healthy and inspiring environment for our staff to work in. We encourage all staff to get involved in these meetings. TRAINING & DEVELOPMENT Bankstown Sports Club is committed to the ongoing training or “professional development” of all of its staff. We believe the better trained our staff are, the better they will serve our customers, get them to have a great experience whilst here

White Ribbon Tug-o-War and then ultimately return for another great experience at another time. Over the past 12 months: • The Human Resources Department has organised more than 260 training courses, with almost 18,000 hours of face-to-face paid training • 13 employees attended specialised training courses • We have recorded more than 11,000 on-thejob training hours • We have also had 106 work placement students from schools in the local Bankstown area come and spend time with us to learn more about the hospitality and clubs’ industry. YEARS OF SERVICE This year marks Years of Service milestones for several senior employees at Bankstown Sports, and we sincerely thank them for all of their hard work, dedication and loyalty to our company. CEO Mark Condi is celebrating 25 years of service, having worked his way up from a glassy, to the role he occupies today. His Executive Assistant Joan Last has also spent 25 years at Bankstown Sports.

Bankstown Sports Staff

Sarah Hanslow, Chef

City2Surf Team

Shane Mount, Salvation Army Chaplain

And our Financial Controller John Fiumara will have 32 years under his belt this October, having remained in this role his entire career with us. CITY2SURF Bankstown Sports Club entered a team into the 2016 City2Surf on 14 August 2016 and had 34 staff, family and friends take part in the 14km fun-run from Hyde Park in the city to Bondi Beach, to raise money for the Little Wings charity. Thanks to everyone’s generous donations, we managed to raise over $10,000! Most of the team started the event around 10am from the Orange section at the back of the pack, choosing to walk at their own pace and enjoy the sunshine and entertainment along the way. Despite breaking up into smaller groups along the way, most of us crossed the finish line after about two and a half hours, and were all awarded finishing medals.

We had two standout performers, with CEO Mark Condi and Team Leader Nicole Wise choosing to register in one of the earlier starting packs so they could run the track. Nicole crossed the finish line in 1 hour and 17 minutes and Mark completed the course in 1 hour and 22 minutes. WHITE RIBBON DAY TUG-O-WAR In November 2016, Bankstown Sports Club joined local businesses, community groups, schools and government organisations for CanterburyBankstown Council’s annual Tug-O-War for White Ribbon Day. The event was held at the John Mackay Indoor Sports Centre, and encourages men to stand up against domestic violence. Staff members Adrian Dinale, Phillip Mac, Matthew Thorne, John Vassallo and Josh Carmichael were up against 26 teams and ended up finishing third in their pool of five. Unfortunately, they didn’t make it to the semi-finals but they did have some very tough matches against previous Tug-O-War champions and seasoned players, and did very well to hold their own. The final match was a best-of-three between the Police Transit Command (PTC) and the NSW

Ambulance service, and PTC took out the first two rounds to win the trophy. SALVATION ARMY TOUCH FOOTBALL DAY A group of our Bankstown Sports Club employees and their families got together in October 2016 to take part in the Salvation Army’s annual Touch Football Gala Day, held at Bexley North. The event was made up of teams from different Salvo’s organisations across Sydney and NSW, and we were invited to take part through our club Chaplain, Shane Mount. We had three teams taking part, with our mixed and men’s teams both placing third in their respective divisions. The event was a fundraiser for the Salvation Army’s Booth College, with bake stalls, markets and silent auctions. A great day was had by all. INTERNATIONAL WOMEN’S DAY The club’s industry celebrated International Women’s Day on Wednesday, 8 March 2017 with a formal luncheon at Blacktown Workers. Six Bankstown Sports staff members joined hundreds of employees from clubs and club-related organisations, to revel in the achievements of women in the hospitality industry.

Annual Report 2016 - 2017

Duty Manager Steve Cavannagh clocks up 30 years of service in October 2017. He began his career here in 1987 working tray duty in the old club showroom and since then, he has worked in almost every area of our club.

Economic Benefit Bankstown Sports Club understands how it’s choice of suppliers, contractors, food and beverage distributors and its business operations can have an impact on the economy, both nationally and locally. Putting money back into the Australian economy is always at the forefront of every decision we make when it comes to driving our business forward. In the last financial year, we have seen a number of construction projects begin and end, we have upgraded other areas of our club, we have improved services for our members and guests and we continue to train and educate our staff to ensure they are getting the most out of their time with us. We strive to make sustainable choices in all aspects of our club and we aim to choose Australian made, owned or operated whenever possible. CREATING AUSSIE JOBS Paynter Dixon is an Australian owned company founded in 1914, that has earned a reputation for delivering property, master-planning, design, construction, remedial and facility management services for building owners and occupiers. It has been responsible for all major building works within the club in recent years, including the Travelodge Bankstown expansion, Lucky Cheng’s, Basement Brewhouse, Peking Sq. and Flinders Centre, which is currently under construction.

Annual Report 2016 - 2017

Facts & figures: • In 2016 and the first half of 2017, construction projects at Bankstown Sports have created 1060 jobs through Paynter Dixon and its suppliers • On most projects, Paynter Dixon uses 10-15 employees onsite, and utilises the services of approximately 10 consultancy companies

(designers) and 30 subcontractor companies (trades) • We source our furniture products from Catapult Design, Jardan Funiture and Australian Interior Landscapes • Paynter Dixon also used local Sydney artist Above & Below for artworks in Basement Brewhouse • Paynter Dixon has been involved with Bankstown Sports for over 30 years FOOD & BEVERAGE OUR MEAT We source all of our meat through Andrews Meat Industries, an Australian owned and operated business run by the Andrews family since 1960. The company uses livestock sourcing programs through local farmers, and the business has won dozens of awards for their products. OUR SEAFOOD All of our seafood products are sourced through Fishboy Seafoods, an Australian company with over 30 years of experience. It has a core focus on Australian and sustainable seafood and aim to provide the critical link from the ocean to the plate, whilst still appreciating the long-term needs of the food industry. FRUIT & VEGETABLES Fruit and vegetables used at all of the club-owned restaurants at our venues are sourced from local farmers and suppliers. FREE RANGE EGGS Bankstown Sports Club committed to using freerange eggs in all of its restaurants in late 2016, and our restaurants at Baulkham Hills Sports and Bankstown Bowls were quick to follow suit. We have sourced our eggs from Sunny Queen Farms in Queensland, an Australian-owned company

which has passed the CHOICE free range Model Code, meaning there is a maximum of 1500 hens per hectare on their farms. Despite the fact the move is actually increasing our costs, the new stock is of a higher quality and better taste, and meets the expectations of our customers. CRAFT BEERS We support the local craft beer industry by stocking Australian made and owned craft beer, wine and cocktails in Basement Brewhouse. Our range of spirits also features Australianmade products. PAVING THE WAY FOR FUTURE GENERATIONS Bankstown Sports has an extremely active work placement program in both the administration and kitchen areas of our club. We believe in providing a fun, friendly and professional environment for school, college and TAFE students to sample the hospitality industry, which will help them to make an informed decision about their future. We give students the opportunity to experience our back-of-house departments including Marketing, Rostering, Events and Human Resources. We also have availabilities in our kitchens as Chef’s assistants, where students get to work in fully-operational, full-service kitchens. We believe giving young people the opportunity to sample the workforce before they leave school can help guide them into a career path they will enjoy. ClubGRANTS Through the ClubGRANTS program we have been able to support a large number of local community organisations by providing cash and in-kind contributions to ease the financial strain they often face with funding. We feel this is vitally important in order to keep these important services running.

Financials 2016-2017

Sporting clubs and community donations

Overall membership base as at 30 June 2017

73,567

$2.4 MILLION Employment

State and federal taxes

$24.6 MILLION

$26.3 MILLION

Percentage of profits invested in community and sport

Total turnover

14.8%

$119 MILLION

Surplus before objectives

Purchase of food and beverage

$7.8 MILLION

Annual Report 2016 - 2017

$16.4 MILLION

Bankstown District Sports Club Limited | ABN: 88 000 243 916

DIRECTORSâ&#x20AC;&#x2122; REPORT The Directors present their report together with the financial report on the Bankstown District Sports Club Limited for the financial year ended 30 June 2017 and the auditorâ&#x20AC;&#x2122;s report thereon. a) Directors The names, qualifications and responsibilities of the Directors in office as at the date of this report are:-

OCCUPATION

No. of Years On Board

No. of Attendance at Board Meetings

Retired

11 of 12

FULCHER, Alexander Frederick MBE,OAM

Company Director

12 of 12

HANNA, Jim

Company Director

11 of 12

NAME FALCONER, Vernon Frederick

KLUMPP, Martin MURRAY, John PHILLIPS, Richard RONIS, Jim

Consultant

11 of 12

Company Director, President

11 of 12

Retired, Vice - President

12 of 12

Company Director

10 of 12

Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. No other persons have been a director at any stage during the financial year. b) Company Secretary The Company Secretary at the end of the financial year is Mark Christopher Condi MBA,BBusClubMgt,GAICD,JP. Mr. Condi was appointed company secretary on 7th July 2012. c) The principal activities of the Club during the course of the financial year were the promotion of sport and games and the operation of a Licensed Club. There has been no significant change in the nature of these activities since the last report.

Annual Report 2016 - 2017

d) The Net Surplus after Tax and Objectives for the year ended 30 June 2017 amounted to $13,948,869 ($12,641,994-2016), an increase of $1,306,875. This increase in surplus is after including in revenue the gain on amalgamation of $4,982,401 and charging to expenditure, depreciation and impairment of non-current assets $12,935,211 ($10,717,727-2016) and income tax expense $1,360,364 ($755,698-2016).

Bankstown District Sports Club Limited | ABN: 88 000 243 916

e) The short and long term objectives of the Company are to continue to provide the very best facilities for its members and guests, support and foster sport in the local area, provide a high level of financial support to community organisations. The strategy for achieving these objectives is to diversify income streams and to lessen the reliance on gaming revenue. f) The Company measures financial and operation performance by: - Benchmarking to industry standards - Profitability - Cash flow - Trading versus Budget - Using gross profit and wage cost ratios - Return on Capital Employed - Patron visitations g) Bankstown District Sports Club Limited is a company limited by guarantee without share capital. The number of members as of 30/6/17 was 73,567 (69,827-2016) h) There has been no significant change in the state of affairs of the Company in the past financial year. i) A copy of the auditorâ&#x20AC;&#x2122;s independence declaration as required under Section 307C of the Corporations Act 2001 is set out on the following page. Dated at BANKSTOWN This 10th day of October 2017 ON BEHALF OF THE BOARD AND IN ACCORDANCE WITH ITS RESOLUTION

Annual Report 2016 - 2017

John Murray Jim Hanna Director Director

Bankstown District Sports Club Limited | ABN: 88 000 243 916

INDEPENDENT AUDITOR’S DECLARATION 2017 GREG HUGGETT & CO

Phone

(02) 9570 9951

CHARTERED ACCOUNTANT

Fax

(02) 9570 9291

ABN 33 155 958 377

Mobile

0412 239 579

7/83 Mulga Road, Oatley West NSW 2223

ghuggett@bigpond.com

All correspondence: PO Box 4125, Oatley West, 2223

Principal

G W Huggett

The Directors Bankstown District Sports Club Limited PO Box 213 BANKSTOWN NSW 1885

AUDITOR’S INDEPENDENCE DECLARATION SECTION 307C OF CORPORATIONS ACT 2001 I declare that to the best of my knowledge and belief, during the year ended 30 June 2017 there has been: 1. No contraventions of the auditor’s independence requirements as set out in the Corporations Act 2001 in relation to the audit, and 2. No contraventions of any applicable code of professional conduct in relation to the audit.

Annual Report 2016 - 2017

G W HUGGETT Greg Huggett & Co Registered Company Auditor Date: 9 October 2017 Oatley West

Bankstown District Sports Club Limited | ABN: 88 000 243 916

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the year ended 30 June 2017 Revenue from ordinary activities

Note

2017

2016

20,707,476

19,356,588

87,187,713

86,683,187

Membersâ&#x20AC;&#x2122; subscriptions

638,877

624,641

Bank interest received

105,010

215,662

Rental income

1,594,679

1,442,420

Other revenue from ordinary activity

3,551,093

3,341,060

4,982,401

118,767,249

111,663,558

7,744,458

7,336,477

26,295,927

24,374,560

Revenue from sale of goods Revenue from gaming

Gain on amalgamation

Total revenue Less expenditure from ordinary activities Cost of goods sold Employment expenses Depreciation expense

10,092,284

9,407,130

Impairment of non-current assets

2,842,927

1,310,597

20,106,469

19,580,679

Administration and operating expenses Entertainment, marketing and promotions

7,951,486

7,636,041

Finance costs

1,545,316

1,830,637

Loss (Profit) on disposal of fixed asset

(180,344)

(153,393)

24,637,151

24,511,868

101,035,674

95,834,596

17,731,575

15,828,962

State and federal taxes

Total expenses from ordinary activities Surplus before tax and objectives Less: income tax expense / (benefit) Surplus after tax but before objectives

1,360,364

755,698

16,371,211

15,073,264

Sports expenses Community support and welfare Total comprehensive income for the year

985,187

919,425

1,437,155

1,511,845

2,422,342

2,431,270

13,948,869

12,641,994

The statement of profit or loss and other comprehensive income is to be read in conjunction with the notes to and forming part of the accounts.

Annual Report 2016 - 2017

Less expenditure in futherance of the Clubâ&#x20AC;&#x2122;s objectives

Bankstown District Sports Club Limited | ABN: 88 000 243 916

STATEMENT OF FINANCIAL POSITION

As at 30 June 2017 Current assets

Note

2017

2016

Cash and cash equivalents

6,376,809

19,661,069

Inventories

714,020

652,234

Trade and other receivables

1,377,479

2,113,741

Other current assets

Total current assets

1,447,319

1,791,395

9,915,627

24,218,439

Non-current assets Property, plant and equipment

238,627,651

216,831,448

Deferred tax asset

615,074

510,407

Intangible assets

3,833,028

Loans to Related Parties

5,959,823

Loans to Other Parties

383,334

Total non-current assets

249,418,910

221,174,883

Total assets

259,334,537

245,393,322

Current liabilities Trade and other payables

10,592,285

9,865,141

Interest bearing liabilities

4,714,340

4,771,498

Current tax liability

(104,341)

590,904

Employee benefits

3,356,353

3,129,865

447,558

423,558

19,006,195

18,780,966

Short term provisions Total current liabilities Non-current liabilities Interest bearing liabilities

28,174,210

29,393,970

Employee benefits

1,456,206

1,438,305

Deferred tax liability

3,141,349

2,172,373

Total non-current liabilities

32,771,765

33,004,648

Total liabilities

51,777,960

51,785,614

207,556,577

193,607,708

7,111,305

Net assets Made up of:

Annual Report 2016 - 2017

Equity

Land and buildings revaluation reserve Retained surplus

200,445,272

186,496,403

Total equity

207,556,577

193,607,708

The statement of financial position is to be read in conjuction with the notes to and forming part of the accounts.

Bankstown District Sports Club Limited | ABN: 88 000 243 916

STATEMENT OF CHANGES IN EQUITY

For the year ended 30 June 2017

Retained earnings

Reserves

Total

173,854,409

7,111,305

180,965,714

Net surplus for the year

12,641,994

Transfers from reserves

186,496,403

7,111,305

193,607,708

Net surplus for the year

13,948,869

Transfers from reserves

200,445,272

7,111,305

207,556,577

2017

2016

Cash receipts in the course of operations

124,719,479

117,475,589

Cash payments in the course of operations

(94,751,685)

(89,599,569)

(1,582,050)

(1,748,813)

112,488

217,145

As at 1 July 2015

As at 30 June 2016

As at 30 June 2017

STATEMENT OF CASH FLOWS

For the year ended 30 June 2017 Cash flows from operating activities

Note

Borrowing costs paid Interest received Income taxes paid

(1,191,302)

(352,237)

27,306,930

25,992,115

402,351

301,083

(31,143,991)

(22,040,756)

(30,741,640)

(21,739,673)

Proceeds from borrowings

3,490,000

8,321,762

Repayment of borrowings

(4,771,917)

(3,772,438)

453,963

100,000

Funds advanced to other parties

(500,000)

Funds advanced to subsidiaries

(5,953,428)

Funds advanced to Greenacre Bowling & Recreation Club Ltd

(2,568,168)

(490,085)

Net cash used in financing activities

(9,849,550)

4,159,239

Net increase / decrease in cash held

(13,284,260)

8,411,681

19,661,069

11,249,388

6,376,809

19,661,069

Net cash provided by operating activities Cash flows from investing activities Proceeds from sale of property, plant and equipment Payment for property, plant and equipment Net cash used in investing activities

Funds received from other parties

Cash at the beginning of financial year Cash at the end of financial year

14(i)

The statement of cash flows is to be read in conjuction with the notes to and forming part of the accounts.

Annual Report 2016 - 2017

Cash flows from financing activities

Bankstown District Sports Club Limited | ABN: 88 000 243 916

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2017

1. Corporate Information The financial statements of Bankstown District Sports Club Limited for the year ended 30 June 2017 were authorised for issue with a resolution of directors on 10 October 2017.

of an asset or liability, excluding a business combination, where there is no effect on accounting, or taxable profit or loss. Deferred tax liability is calculated at the tax rates they are expected to apply to the period when an asset is realised or a liability is settled. Deferred tax is credited in the income statement, except where it relates to items that may be credited to equity, in which case the deferred tax is adjusted against equity.

The Club is incorporated and domiciled in Australia as a Company limited by guarantee. In accordance with the Constitution of the Club, every member of the Club undertakes to contribute an amount limited to $4 per member in the event of the winding up of the Club during the time that he or she is a member or within one year thereafter.

Deferred tax assets are recognised to the extent that it is probable that future tax profit will be available against which deductible temporary differences can be utilised. The amount of benefits brought to account, or which may be realised in the future, is based on the assumption that no adverse change will occur in income tax legislation and the anticipation that the economic entity will derive sufficient future assessable income to enable the benefit to be realised and comply with conditions of deductibility imposed by theÂ law.

The nature of the operations and principal activities of the Club are described in the directorsâ&#x20AC;&#x2122; report.

Annual Report 2016 - 2017

2. Summary of significant accounting policies a. Basis of Preparation This financial report is a general purpose financial report that has been prepared in accordance with Australian Accounting Standards, Australian Accounting Interpretations, other authoritative pronouncements of the Australian Accounting Standards Board (AASB), International Financial Reporting Standards as issued by the International Accounting Standards Board and the Corporations Act 2001. Australian Accounting Standards set out accounting policies that the AASB has concluded would result in a financial report containing relevant and reliable information about transactions, events and conditions to which they apply. Compliance with Australian Accounting Standards ensures that the financial statements and notes also comply with International Financial Reporting Standards. Material accounting policies adopted in the preparation of this financial report are presented below and they have been consistently applied unless otherwise stated. Except for cashflow information, the financial statements have been prepared on an accruals basis and are based on historical costs, modified where applicable, by the measurement at fair value of selected noncurrent assets, financial assets and financial liabilities. This financial report has been prepared under the Going Concern concept.

Statement of Compliance Certain Australian Accounting Standards and Interpretations have recently been issued or amended but have not been adopted by the Club for the annual reporting period ended 30 June 2017. The directors have not early adopted any of these new or amended standards or interpretations as the directors have not yet fully assessed the impact of these new or amended standards (to the extent relevant to the Club) and interpretations.

Changes in Accounting Policies There were no changes in accounting policies during the year.

Inventories Inventories are valued at the lower of cost and net realisable value.

Income Tax In accordance with the concept of mutuality, income tax is liable on income derived from non-members and other parties. The charge for current income tax is based on the surplus for the year, adjusted for any non-assessable or disallowed items. It is calculated using the tax rates that have been enacted at the balance sheet date. Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising between the tax base of assets and liabilities and their carrying amounts in the financial statements. No deferred income tax will be recognised from the initial recognition

Employee Benefits Provision is made for the companyâ&#x20AC;&#x2122;s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee provisions that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled. Employee provisions payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those benefits. In determining the liability, consideration is given to employees wage increases and the probability that the employee may not satisfy vesting requirements. Those cash outflows are discounted using market yields on national government bonds with terms to maturity that match the expected timing of cash flows attributable to employee provisions.

Leases Finance leases are capitalised by recording an asset and a liability at the lower of the amounts equal to the fair value of the lease property, or the present value of the minimum lease payments, including any guaranteed residual values. Lease payments are allocated between reduction of the lease liability and the lease interest expense for the period. Leased assets are depreciated on a straight line basis, over the shorter of their estimated useful lives or the lease term. Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are recognised as expenses in the period in which they are incurred.

Comparative Figures Where required by Accounting Standards, comparative figures have been adjusted to conform with changes in presentation for the current financial year.

Property, Plant & Equipment i. Property, plant and equipment are brought to account at cost, or at independent valuation where cost cannot be ascertained, less, where applicable any accumulated depreciation. The carrying amount of property, plant and equipment is reviewed annually by Directors to ensure it is not in excess of the recoverable amount from these assets. The recoverable amount is assessed on the basis of the expected net cash flows, which will be received from the assets employment and subsequent disposal.

Bankstown District Sports Club Limited | ABN: 88 000 243 916

iii. Land and buildings are revalued by a professional independent valuer every three years. That valuation is shown in the notes to and forming part of the financial statements, but not the actual statement of financial position. iv. In the earlier years of the Company, there was regular revaluation of real estate being land and buildings and the revaluation was expressed in the statement of financial position. That policy ceased in 1986. Due to the time periods when such revaluations occurred it appears impossible to fully apply AASB 116:Property, Plant and Equipment, whereby such assets are to be reduced back to their original cost. The departure from this standard is considered to have an immaterial effect v. In this year, as in previous years, the Company at 30 June has had considerable building works under construction. Advice is received annually from the Company’s quantity surveyors, Kinlay Grinham Casey Burne as to completed works and that are still under construction at 30 June. The quantity surveyor further advises as to completed works in respect of dividing costs between buildings, plant and equipment and repairs. vi. When real estate is purchased the acquisition cost is divided between land and buildings. The land value is determined by a recent Valuer Generals Valuation and the balance of the purchase price is allocated to buildings.

m. Trade and Other Receivables Sales made on credit and due in 30 days are included in Trade Debtors at balance date net of a provision for amounts estimated to be uncollectible. The Company does not have any material risk in this area. Other debtors have been complying with their obligations on a timely basis to the extent that there is presently no material credit risk. n.

Trade Creditors Liabilities are recognised for amounts to be paid in the future for goods or services received whether or not billed to the Company. Trade accounts are normally settled within 30 days unless there are specific arrangements to the contrary.

Bank Bill Facility The bank bill facility in current liabilities comprises the current portion of the Company’s bank bill repayment within one year. The bank bill facility is repayable in minimum quarterly instalments of $1,000,000. The Company does have the right to make additional reductions in principal. The bill bears interest at the bank’s interest rate plus a margin. The Company is required to submit to the bank an annual capital budget for approval. That part of interest that relates past 30 June is included as a prepayment.

Subscription Income Members’ subscriptions, which are paid in respect of the coming years, are not brought to account as revenue in this financial year but expressed as unearned income (liability) in the statement of financial position.

Goods and Services Tax (GST) Receivables and Payables in the statement of financial position are shown inclusive of GST. Revenues, expenses, and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or an item of the expense.

Impairment of Assets At each reporting date the Company reviews the carrying value of its assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the assets, being the higher of the assets fair value less costs to sell, and value in use, is compared to the assets carrying value. Any excess of the assets carrying value over its recoverable amount is expensed to the statement of profit or loss and other comprehensive income. Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash generating unit to which that asset belongs. The following impairment write offs were recorded:

vii. Depreciation rates for each class of depreciable asset are: Class of fixed assets Buildings Poker Machines Motor Vehicles Other Plant & Equipment

Depreciation rate 1-10% 21% 22.50% 1.5 - 40%

Gains and losses on disposal are determined by comparing proceeds with the carrying amount.These gains and losses are recognised in the profit and loss in the period in which they arise. viii. The potential capital gains tax on the disposal of applicable land and buildings has not been taken into account. j.

Intangibles - Poker Machine Entitlements The Directors believe that the value shown in respect of poker machine entitlements is based on an active market at 30.6.17, and accordingly the values are not impaired, and as such, entitlements have an indefinite life and amortisation need not be considered. Each poker machine licence is an effective cash generating unit.

Revenue Trading revenue is recognised upon the delivery of goods and services to customers. Interest revenue is recognised at the earliest of receipt or being due and receivable. The profit and loss on disposal of assets is brought to account at the date an unconditional contract comes into being.

Cash and Cash Equivalents For the purposes of the statement of cash flows, cash includes cash on hand and at bank.

Impairment of assets

Note

Buildings Plant and Equipment 7

2017

2016

1,955,701

887,226

1.310.597

2,842,927

1,310,597 Annual Report 2016 - 2017

ii. Buildings are depreciated on a straight-line basis where as all other depreciable assets are on a diminishing value basis over their estimated lives. Buildings on leasehold land are written off on the consideration of the remaining term of the lease, likelihood of the lease being renewed, and the present cash generation ability of the building.

Bankstown District Sports Club Limited | ABN: 88 000 243 916

NOTES TO THE FINANCIAL STATEMENTS CONTINUED

For the year ended 30 June 2017

2. Summary of significant accounting policies - continued s.

Investment Property Investment property consists of local real estate and it is held for the purpose of deriving rental income. All tenant leases are on an arm’s length basis.

Critical Accounting Estimates and Judgements Critical Accounting Estimates and Judgements incorporated in the Financial Report are based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the Company. For the purpose of measurement AASB119, employee benefits, defines obligation for short term employee entitlements obligation to be settled within 12 months of year’s end. Key estimates - Impairment The Company assesses impairment at each reporting date by evaluating conditions specific to the Company that may lead to impairment of assets. Where an impairment trigger exists, the recoverable amounts incorporate a number of key estimates. Estimates assume a reasonable expectation of future events are based on current trends and economic data, obtained both externally and within the organisation. Property, plant and equipment, licences, poker machine entitlements and receivables have been reviewed by the Company and impairment losses have been reflected in the statement of profit or loss and other comprehensive income.

Financial Instruments Cash on hand and at bank are measured at face value. Receivables are measured at face value less provision for likely non recovery. Bank bills and members’ debentures (unsecured) are measured at face value. Interest income and interest expense is recognised as earned or incurred.

Investment in Subsidiary The Bankstown District Sports Club Ltd holds a 100% interest in the share capital of BDSC Agencies Pty Limited and BDSC Properties Pty Limited. These companies are trading entities. As the financial position of these companies is totally immaterial, consolidated financial reports are not required in accordance with AASB 10 - Consolidated Financial Statement and therefore have not been prepared. The net assets of BDSC Agencies Pty Limited as at 30.6.17 was $199,580 (2016-$122,446) and BDSC Properties Pty Limited ($276) (2016 - $Nil)

w. Business Combinations AASB 3 Business Combinations has been applied with respect to the amalgamation of Greenacre Bowling and Recreation Club Co-Operative Ltd in 2017. Identifiable assets and liabilities have been recorded at either their fair values or where applicable the value that was realised in an active and open market. 3. Cash and cash equivalents 2017

2016

6,376,809

19,661,069

2017

2016

Beverage

620,153

577,930

Catering

93,867

74,304

714,020

652,234

2017

2016

1,173,184

1,580,729

204,295

533,012

1,377,479

2,113,741

Cash at bank and on hand

Annual Report 2016 - 2017

4. Inventories

5. Trade and other receivables Trade debtors (Net of doubtful debt provision of $3,815 ($3,815 - 2016) Other receivables and loans

Bankstown District Sports Club Limited | ABN: 88 000 243 916

6. Other assets 2017

2016

1,312,701

1,447,350

134,618

344,045

1,447,319

1,791,395

5,959,823

383,334

Current Prepayments Deposits Non-Current Non-Current loans to other related parties Loan to subsidiaries Non-Current other assets Loan to other Parties 7. Property, plant and equipment 2017

2016

25,497,214

21,497,214

1,379,000

26,876,214

22,876,214

185,223,934

171,251,080

Buildings - held for investment

3,618,016

Buildings - leasehold land

2,751,839

4,863,695

13,563,244

9,255,105

205,157,033

188,987,896

(31,855,870)

(29,869,796)

173,301,163

159,118,100

97,512,232

91,803,361

(59,061,958)

(56,966,227)

38,450,274

34,837,134

238,627,651

216,831,448

Land Land held for investment

Buildings

Buildings - under construction Less: accumulated amortisation

Plant and equipment Less: accumulated depreciation

Total property, plant and equipment

Land and buildings were independently valued at open market value by Ben Hill,AAPI Registered Valuer No. 024135 of Global Valuation Services Pty Ltd on 23 March 2016 at $250,940,000 (GST exclusive). This value has not been taken up in the accounts. This valuation was prepared on the basis of completed works (renovations) at that point in time. It does not take into account any additions and improvements to buildings since that date or the acquisition of land.

2017

2016

Balance 1 July 2016

22,876,214

Additions

4,000,000

Disposals

26,876,214

22,876,214

Land

Balance 30 June 2017

Annual Report 2016 - 2017

Details of the Companyâ&#x20AC;&#x2122;s property, plant and equipment and their carrying amount are as follows:

Bankstown District Sports Club Limited | ABN: 88 000 243 916

NOTES TO THE FINANCIAL STATEMENTS CONTINUED

For the year ended 30 June 2017

7. Property, plant and equipment - continued 2017

2016

Balance 1 July 2016

179,732,791

167,456,562

Additions

2,900,000

Buildings

Transfers from capital works in progress Disposals Balance 30 June 2017 Amortisation Balance 1 July 2016 Amortisation written back on disposal

191,593,789

179,732,791

2017

2016

(29,869,796)

(27,228,644)

1,042,398

(2,641,152)

Balance 30 June 2017

(31,855,870)

(29,869,796)

Carrying amount at end of year - buildings

$159,737,919

149,862,995

2017

2016

Balance 1 July 2016

91,803,361

91,206,261

Additions

7,222,646

4,345,493

Transfers from capital works in progress

4,550,641

1,126,557

2,780,339

Disposals

(6,064,415)

(7,655,289)

Balance 30 June 2017

97,512,233

91,803,361

Plant and equipment

Transfers from Plant & Equipment under Lease

2017

2016

(56,966,227)

(54,793,159)

Depreciation written back on disposal

4,968,079

4,502,720

Depreciation

(7,063,812)

(6,675,788)

Balance 30 June 2017

(59,061,960)

(56,966,227)

Carrying amount at end of year - plant and equipment

38,450,273

34,837,134

2017

2016

9,255,105

6,984,130

Additions

22,788,036

15,739,681

Transfers to buildings

(11,959,097)

(12,276,229)

Transfers to plant and equipment

(4,550,641)

(1,126,557)

(247,505)

(65,920)

Transfers to Loan Account-Greenacre Bowling & Rec Club Ltd

(1,722,653)

Balance 30 June 2017

13,563,245

9,255,105

238,627,651

216,831,448

Depreciation Balance 1 July 2016

Capital Works in Progress Balance 1 July 2016

Annual Report 2016 - 2017

12,276,229

(3,028,472)

Amortisation

11,959,097 (2,998,099)

Transfers to expenses

Bankstown District Sports Club Limited | ABN: 88 000 243 916

7. Property, plant and equipment - continued Asset write off / impairment 2017

2016

2,998,099

(1,042,398)

1,955,701

2017

2016

5,152,074

6,424,521

(4,264,848)

(5,113,924)

887,226

1,310,597

2,842,927

1,310,597

2017

2016

3,833,028

2017

2016

Trade creditors

6,847,871

6,352,325

Other

3,744,414

3,512,816

10,592,285

9,865,141

2017

2016

4,000,000

714,340

771,498

4,714,340

4,771,498

28,090,000

28,600,000

714,340

84,210

79,630

28,174,210

29,393,970

Buildings Cost written back Amortisation written back Impairment Plant and Equipment Cost written back Depreciation written back Impairment Total impairment 8. Intangible assets Poker machine entitlements 9. Trade and other payables

10. Interest bearing liabilities Current Bank cash advance facility Bank loan

Bank cash advance facility Bank loan Membersâ&#x20AC;&#x2122; debentures (unsecured)

Annual Report 2016 - 2017

Non-current

Bankstown District Sports Club Limited | ABN: 88 000 243 916

NOTES TO THE FINANCIAL STATEMENTS CONTINUED

For the year ended 30 June 2017

10. Interest bearing liabilities - continued The Westpac Bank holds a registered equitable mortgage over the assets and undertakings of the Company and also holds registered mortgages on real estate owned by the Company to support a maximum Loan Facility of $69,000,000. The actual indebtedness at 30.06.2017 was $32,090,000 ($32,600,000 - 2016). The interest rate as at 30th June was 2.62%, with the average for the current year being 2.46% (In 2016 the interest rate at 30th June was 2.65% and the average for the year 2.78%). The company is not expecting interest rates to rise significantly in the short term. In accordance with the finance agreement in place, the Bank has the right to give notice to the effect that all indebtedness will convert to a current liability. In the ordinary course of events this is not expected to occur. Bank indebtedness is made up of: Cash advance facility 1 - $26,000,000 This facility has quarterly principal reductions of $1,000,000 and matures 19.11.2018. Cash advance facility 2 - $3,150,000 This facility matures 31.5.2021. Cash advance facility 3 - $2,940,000 This facility matures 19.11.2020. Contingency Liability - Bank Guarantees $1,107,000. Overdraft - $2,000,000 Financial Risk Exposure and Management The Company has two areas of exposure being interest and liquidity. The directors and management have addressed the area of interest rate rises by capping the maximum interest rate that may be charged on $30,000,000 of the present debt. With respect to liquidity the Company has further developed its gaming capacity and broadened its income base with facilities such as the Brewhouse Bar, Peking Square and La Piazza. The Company also has real estate that may be disposed of if liquidity demands. The Company has a cashflow budget which is continually monitored and updated. Apart from bank indebtedness other areas of financial risk are minimal. Sensitivity Analysis The Company has performed a sensitivity analysis relating to its exposure to Interest Rate Risk at balance date. This sensitivity analysis demonstrates the effect on the current year results and equity which could result from a change in these risks. At date of this report, a stable low interest environment exists and is expected to continue. Interest Rate Risk Sensitivity Analysis: At 30 June 2017, the effect on surplus and equity as a result of changes in the Interest Rate Risk, with all other variables remaining constant would be as follows: 2017

2016

Increase in interest rate risk by 1%

(316,905)

(293,163)

Decrease in interest rate risk by 1%

316,905

293,163

2017

2016

Increase in interest rate risk by 1%

(316,905)

(293,163)

Decrease in interest rate risk by 1%

316,905

293,163

Annual Report 2016 - 2017

Change in surplus

Change in equity

Bankstown District Sports Club Limited | ABN: 88 000 243 916

11. Short term provisions 2017

2016

146,124

143,487

5,000

301,434

275,071

447,558

423,558

2017

2016

Poker machine tax

23,172,012

23,214,797

Payroll tax

1,368,804

1,204,826

Fringe benefits tax

73,295

74,602

Land tax

23,040

17,643

24,637,151

24,511,868

Members’ debentures (unsecured) interest Members’ debentures (unsecured) redemptions Poker machine link jackpot

12. State and federal taxes

2017

2016

40,924,180

34,138,412

(34,620,214)

(28,361,973)

6,303,966

5,776,439

1,994,250

2,042,176

8,298,216

7,818,615

(6,644,698)

(5,276,821)

1,653,518

2,541,794

Taxable income / (loss)

1,653,518

2,541,794

Tax Payable at 30%

496,055

762,538

Less: Instalment Taxes Paid

(600,396)

(171,634)

Balance due as at 30.6.17

(104,341)

590,904

Tax payable at 30%

496,055

762,538

Add: Increase - deferred tax liability

968,976

21,696

Increase – deferred tax asset

(104,667)

(28,536)

Income Tax Expense / (Benefit)

1,360,364

755,698

Non-member income Less: Non-member expenses Add: Income / (loss) taxable in full Less: Expenses allowable in full Less: Prior years carried forward losses

Annual Report 2016 - 2017

13. Income tax The Company is liable for Income Tax only on non-member income, external investments and monies paid by other parties. The statement showing how the tax expense for 30 June 2017 has been calculated is:

Bankstown District Sports Club Limited | ABN: 88 000 243 916

NOTES TO THE FINANCIAL STATEMENTS CONTINUED

For the year ended 30 June 2017

13. Income tax - continued The Company is liable for Income Tax only on non-member income, external investments and monies paid by other parties. The statement showing how the tax expense for 30 June 2017 has been calculated is: 2017

2016

532,461

429,910

Poker machine link accrual

33,351

25,887

Superannuation accrual

49,262

54,610

Deferred tax asset as per statement of financial position

615,074

510,407

Opening balance 01.07.2016

510,407

481,871

Credited (debited) to statement of profit or loss

104,667

28,536

Closing balance 30.06.2017

615,074

510,407

Deferred Tax Asset The balance comprises temporary differences attributable to: Amounts recognised in income Employee benefits

The deferred tax asset will only be realised if: 1) the Company derives future assessable income of a nature and of an amount sufficient to enable the asset to be realised; 2) the Company continues to comply with the conditions for deductibility imposed by law; and 3) no changes in tax legislation adversely affect the Company in realising the asset. 2017

2016

Depreciation - timing differences

3,141,349

2,172,373

Opening balance 01.07.2016

2,172,373

2,150,677

968,976

21,696

3,141,349

2,172,373

Deferred tax liability The balance comprises temporary differences attributable to:

Debited (Credited) to statement of profit or loss Closing balance 30.06.2017 14. Cash flow information

(i) Reconciliation of cash For the purposes of the Statement of Cash Flows, cash includes cash on hand, cash at bank and investments in money market instruments. Cash at the end of the financial year as shown in the statement of cash flows is reconciled to the related items in the statement of financial position.

Annual Report 2016 - 2017

Cash at bank and on hand

6,376,809

19,661,069

69,000,000

33,000,000

(32,090,000)

(32,600,000)

(ii) Financing facilities The Company has an arrangement with the Westpac Bank to provide funds and support facilities: Credit Facility Amount Utilised Overdraft Unused Credit Facility

2,000,000

38,910,000

2,400,000

15. Superannuation commitments There is a legally enforceable obligation on the Company to contribute to a superannuation fund at a rate that is determined by industrial agreement.

Bankstown District Sports Club Limited | ABN: 88 000 243 916

16. Commitments Capital expenditure commitment Not later than one year Between one year and two years

2017

2016

38,900,965

12,165,644

6,870,448

45,771,413

12,165,644

The Club’s capital expenditure commitments largely consist of the cost of constructing a multi-storey commercial tower. 17. Auditor’s remuneration 2017

2016

63,480

63,710

2,600

3,160

During the year the following fees were paid or payable to Greg Huggett & Co for: Audit Other services: Taxation services

18. Contingent liabilities There were no known material contingent liabilities as at 30 June 2017. Any legal action afoot is not likely to significantly affect the Company’s future operations. 19. Mortality Benefit The Company’s current policy is to pay each full member a mortality benefit of $200 provided that he was a full member for at least five years prior to 31.12.1983. 20. After Balance Date Events No events have occurred since 30th June 2017 to date of signing this report that would have a significant financial affect on the company apart from: An application has been made to the Independent Liquor & Gaming Authority of NSW, for the amalgamation of Auburn Tennis & Recreation Club Ltd with Bankstown District Sports Club Ltd. When taking into account the assets and liabilities upon amalgamation, a surplus is expected. 21. Related Party Transactions & Directors Remuneration The Company has paid Ronis Real Estate, in which Director Jim Ronis has an interest, an amount of $16,880 in property management fees for the year ended 30 June 2017. No Director or a near relative of a Director has benefited from a transaction involving the Company other than stated above. No Director has been paid remuneration or is owed remuneration. No loan or advances have been made to Directors or their relatives. Except when on official duties, Directors pay usual commercial prices for goods and services. Loans to Subsidiaries Loans made by the company to its subsidiaries are unsecured and non-interest bearing. 22. Employee benefits Net movement in provision for employee benefits Number of employees at year end

2017

2016

244,389

307,579

520

488

Core Property Assets are: The Club premises comprised on the whole of the land at 8 Greenfield Parade, Bankstown. The Club premises comprised on the whole of the land at 11 Renown Road, Baulkham Hills. The Club premises comprised on the whole of the land at 231 Roberts Road, Greenacre. Non Core Property Assets are: 41 Northam Avenue 9 Greenfield Parade 9A Greenfield Parade 11 Greenfield Parade 13 Greenfield Parade 22 Bankstown City Plaza

Bankstown Bankstown Bankstown Bankstown Bankstown Bankstown

Annual Report 2016 - 2017

23. Core property disclosure Section 41J of the Registered Clubs Amendment Act 2006 requires Bankstown District Sports Club to nominate its core and non core property assets.

Bankstown District Sports Club Limited | ABN: 88 000 243 916

NOTES TO THE FINANCIAL STATEMENTS CONTINUED

For the year ended 30 June 2017

24. Key Management Personnel Remuneration paid or directed to key management personnel was:

2017

2016

3,355,479

2,783,739

Key management personnel are arm-length employees and are not directors of Bankstown District Sports Club Ltd. Remuneration consist of salary, wages, superannuation, fringe benefits, annual leave, sick leave and long service leave as legally required. The directors, CEO, and General Manager review and decide wage remuneration packages. 25. Gain on amalgamation Bankstown District Sports Club Ltd acquired all the assets and liabilities of Greenacre Bowling and Recreational Club Co-Operative Ltd in 2017. Assets

2017

2016

6,900,000

1,077,440

82,355

Other assets

5,000

Total Assets

8,064,795

2017

2016

Other liabilities and creditors

(3,082,394)

Total Liabilities

(3,082,394)

4,982,401

Land and buildings Plant and equipment Cash at bank and on hand

Liabilities

Surplus on Amalgamation

The amalgamation is intended to preserve and where possible enhance facilities and amenities of both clubs. 26. Employee provisions Opening balance at 1 July 2016 Additional provisions raised during year

2017

2016

4,568,170

4,260,591

2,180,351

2,081,455

Amounts used

(1,935,962)

(1,773,876)

Balance at 30 June 2017

4,812,559

4,568,170

3,356,353

3,129,865

Annual Report 2016 - 2017

Made up of:

Employee Benefits - Current Liability Employee Benefits - Non Current Liability

1,456,206

1,438,305

4,812,559

4,568,170

Bankstown District Sports Club Limited | ABN: 88 000 243 916

DIRECTORS’ DECLARATION The Directors of the Company declare that the financial report and notes as set out on pages 27 to 40 for the year ended and as at 30 June 2017 are in accordance with the Corporations Act 2001 including:

1. (a) comply with Australian Accounting Standards - Reduced Disclosure Requirements and the Corporations Regulations 2001;and (b) give a true and fair view of the financial position as at 30 June 2017 and of the performance for the year ended on that date of the Company. 2. In the Directors’ opinion there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. This declaration is made in accordance with a resolution of the Board of Directors. ON BEHALF OF THE BOARD and in accordance with its resolutions Dated at BANKSTOWN This 10th day of October 2017.

Annual Report 2016 - 2017

John Murray Jim Hanna Director Director

Bankstown District Sports Club Limited | ABN: 88 000 243 916

INDEPENDENT AUDIT REPORT Independent Audit Report to the members of Bankstown District Sports Club Limited ABN 88 000 243 916 Opinion I have audited the financial report of Bankstown District Sports Club Limited, which comprises the statement of financial position as at 30 June 2017, the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the directors’ declaration. In my opinion, the accompanying financial report of Bankstown District Sports Cub Limited is in accordance with the Corporations Act 2001, including: i. ii.

Giving a true and fair view of the company’s financial position as at 30 June 2017 and of its financial performance for the year ended; and Complying with Australian Accounting Standards and the Corporations Regulations 2001.

Basis for Opinion I conducted this audit in accordance with Australian Auditing Standards. My responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of my report. I am independent of the company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110; Code of Ethics for Professional Accountants (the Code) that are relevant to my audit of the financial report in Australia. I have also fulfilled my other ethical responsibilities in accordance with the Code. I confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the company, would be in the same terms if given to the directors as at the same time of the auditor’s report. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Information Other than the Financial Report and Auditor’s Report Thereon The directors are responsible for the other information. The other information comprises the information included in the Company’s annual report for the year ended 30 June 2017, but does not include the financial report and my auditor’s report thereon. My opinion on the financial report does not cover the other information and accordingly I do not express any form of assurance conclusion thereon.In connection with my audit of the financial report, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or my knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard.

Annual Report 2016 - 2017

Responsibilities of the Directors for the Financial Report The directors of the company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due fraud or error.

In preparing the financial report, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Bankstown District Sports Club Limited | ABN: 88 000 243 916

Auditor’s Responsibilities for the Audit of the Financial Report My objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report. As part of an audit in accordance with the Australian Auditing Standards, I exercise professional judgement and maintain professional scepticism throughout the audit. I also: •

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Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsible to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a material misstatement resultng from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of the internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. Conclude on the appropriateness of the directors’ use of going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If I conclude that a material uncertainty exists, I am required to draw attention in my auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate to modify my opinion. My conclusions are based on the audit evidence obtained up to the date of my auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial report, including the disclosures and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.

I communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that I indentify during my audit.

Annual Report 2016 - 2017

G.W. HUGGETT Registered Company Auditor Greg Huggett & Co Chartered Accountant ABN: 33 155 958 377 7/83 Mulga Road, Oatley West This 11th day of October 2017 Liability limited by a scheme approved under Professional Standards Legislation. ANNUAL REPORT 2016 - 2017

T 02 9722 9888 F 02 9793 9355 8 Greenfield Parade Bankstown, NSW 2200