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ANNUAL REPORT 2017-18


OVER $2 MILLION RAISED FOR GRASSROOTS CRICKET CLUBS! This year, a record 483 clubs across Australia got involved in the Toyota Good for Cricket Raffle to help raise a smashing total of $594,710! This fantastic result means that since launching in 2012, the raffle has racked up over $2 million. Now that’s Good for Cricket! 100% of all proceeds go back to clubs, so they can invest in growing the game in their community with... • Facility upgrades and renovations

• Installation of cricket nets

• Ground maintenance

• New equipment and uniforms

• Trophies and awards

• Junior coaching clinics and much more!

Congratulations to all involved! Don’t forget to keep your eye on the ball for more information on the upcoming season. GET INVOLVED If you would like to get your club involved in Toyota’s Good for Cricket program next season, visit toyota.com.au/cricket to stay up to date with upcoming plans and details!

toyota.com.au 2 | CRICKET VICTORIA


OFFICE BEARERS Cricket Victoria Patron Malcolm Gray AM

Delegates 2017-18 Club

Delegate

Alternate Delegate

Camberwell Magpies

Barry Russ

Brett Watkins

Carlton

John Douglas

Brian McKenna

Casey-South Melb

Ross Hibbins

Matthew Hawking

Dandenong

Brendan McArdle

Gary Davidson

Essendon

Simon Tobin

Michael Walsh

Fitzroy Doncaster

Graeme Cook

Leigh Watts

Footscray

Geoff Collinson

Jeff Russ

Frankston Peninsula

Dennis Prendergast

Glenn Davey

Geelong

Michael Vines

Jason Doherty

Greenvale Kangaroos

Bruce Kent

Ken Hutchinson

Kingston-Hawthorn

Petar Ivetic

Brett Sebire

Melbourne

Peter King

Michael Sholly

Melbourne Uni

Derek Bennett

Peter Anderson

Monash Tigers

Ken Sharp

Jim Higgs

Northcote

Mark Sundberg

Grant Gardiner

Prahran

John Raglus

Phil Williamson

Ringwood

Mark Freeman

Tamara Mason

St Kilda

Paul Meddings

Paul Ryan

VCCL

Keith Thompson

Warran Riches

VMCU

Mark Keating

Rod Patterson

VSDCA

James Sheehan

Dr Geoff Hart

VSDCA

Phil O’Meara

Geoff Richardson

Women’s Premier Panel

Kelly Applebee

Women’s Premier Panel

Penelope Cleghorn

Cricket Victoria Board Russell Thomas (Chairman)

Paul Jackson (Deputy Chairman)

Paul Barker

Theresa Best

Tim Considine

Claudia Fatone

Dr David Maddocks

Peter Williams

ANNUAL REPORT 2017-18 | 3


CHAIRMAN’S REPORT In August Peter Handscomb was unveiled as the

Lanning suffered a season-ending injury.

new captain of the then Commonwealth Bank Victorian Bushrangers, replacing Matthew Wade.

Kristen was awarded the Sharon Tredea Award at

Peter will continue to be an outstanding young

the State Awards in recognition for her outstanding

leader of our state as he builds on his thirteen Test

year which included a haul of 5-13 against

matches for Australia.

Queensland.

This season saw 12 debutants across our Men’s

Following the conclusion of the 2017-18 season,

and Women’s Victorian teams, including young

Cricket Victoria announced that the organisation

Prahran all-rounder Will Sutherland during the JLT One-Day Cup and sister Annabel Sutherland during the Women’s National Cricket League season. The Victorian men exited the JLT One-Day Cup competition in the semi-finals while the JLT

RUSSELL THOMAS It is incredible to consider what a transformative

Sheffield Shield squad fought valiantly to try and reach a fourth consecutive final but it was not to be.

and exciting year this has been for Cricket Victoria and for our future opportunities to grow Victorian

The highlight of the season was by far the exciting

cricket.

win against New South Wales on the opening weekend of the CitiPower Centre.

By any measure, our transition to the CitiPower Centre at the Junction Oval has been recognised

In terms of individual performances, I’d like to

as a landmark moment for the sport in this state.

congratulate fast bowler Chris Tremain who was

The organisation’s new headquarters provides

named JLT Sheffield Shield Player of the Season

would discontinue the use of the Bushrangers

a world-class high performance, community

by Cricket Australia. Chris was the top wicket-

and VicSpirit monikers with the state teams.

and administrative base that is the envy of

taker in the competition, returning a career best

We respect and celebrate the history and

organisations both here and across the Asia-

51 wickets at 21.07 and was also named the Bill

achievements of the teams under these names

Pacific region.

Lawry Medalist at the State Awards.

but our future focus will be on the use of Victoria

I would like to express the organisation’s sincere

This season also saw Rob Quiney and John

first state to make this decision and proud of this

thanks to the Victorian Government, Victorian

Hastings announce their retirements from first

step in a year of transformation.

Premier, the Hon. Daniel Andrews MP, Cricket

class cricket. Rob and John have both been

Australia and our outgoing Chief Executive Tony

outstanding ambassadors for the game and I

Our BBL teams delivered markedly different

Dodemaide for their leadership, collaboration and

commend and thank them on wonderful careers.

results for the first time in several seasons as the

rather than their previous nicknames. We are the

support in delivering this major milestone.

Melbourne Renegades made the semi-finals and It was a year of development with one of our

the Melbourne Stars ended the regular season

It is enormously satisfying to see such a large-

youngest women’s teams in recent memory

at the bottom of the BBL table. Our WBBL teams

scale project finished to such a high quality.

finishing sixth in the Women’s National Cricket

continue to grow their position in the market but

League (WNCL) but also a year of milestones with

finished in the lower half of the table.

Our program of work off the field continues to

the team playing its first WNCL match on the MCG

set the bar at very high standards and while we

since 2012.

Both teams drew consistently strong crowds, and

didn’t taste the on-field success of recent seasons,

average TV viewership continued to deliver strong

Victorian cricket remains a force to be reckoned

I’d also like to congratulate Kristen Beams who

results, demonstrating the impact BBL and WBBL

with on the domestic and national stage.

took over the captaincy of the VicSpirit after Meg

delivers for new cricket fans during the summer.

What a transformative and exciting year this has been for Cricket Victoria

4 | CRICKET VICTORIA


It was another outstanding season of Premier

This year also marked the conclusion of Tony

Cricket and I congratulate everyone at Dandenong

Dodemaide’s tenure as the organisation’s Chief

Cricket Club and Box Hill Cricket Club on their

Executive Officer after ten years. On behalf of

respective wins in the Men’s and Women’s

the Board and my fellow Directors I would like

competitions last season.

to thank Tony for his vision, steady leadership and commitment to cricket in this state both as a

Dandenong, led by captain Tom Donnell and

player and then as an outstanding administrator.

coach Nick Speak, took out the First XI double with victories over Fitzroy Doncaster in the 3-day

There is no doubt that the CitiPower Centre is a

season Final and over Carlton in an eventful White

crowning achievement in Tony’s decade of service

Ball Final in January.

and I’m delighted that Tony was able to see this project through to completion.

Essendon Maribyrnong Park also achieved a Twenty20 double with both their Firsts and

With every change comes opportunity and we

Seconds sides claiming victory in their respective

confirmed the appointment of Andrew Ingleton

finals over Melbourne and Carlton-Brunswick.

as the organisation’s new Chief Executive Officer. Andrew’s leadership and experience in sport,

I congratulate Anna Lanning (Box Hill) who won

commercial and retail sectors places us in an

the Una Paisley Medal and Trent Lawford (Fitzroy

excellent position to achieve the goals set out in

Doncaster) who won the Jack Ryder Medal at

our strategic plan. Andrew has well and truly hit

the Premier Cricket Awards. Both players made

the ground running since his commencement in

substantial contributions this season.

March.

From a strategic perspective, in September Cricket

As an appropriate conclusion, this year I also

Victoria launched its new five-year strategy to take

advised the Board of my intention not to seek re-

the organisation towards 2022.

election as Chairman and as a Director of Cricket Victoria. This follows nine years as a Director and

Our plan sets us on a clear journey to achieve

as Chairman since 2015.

three key pillars of success: making Victoria Number One for Fans, Number One for

It has been a truly rewarding time to be involved

Participation and Number One in All Formats.

with the sport and I’d like to thank my fellow Directors both past and present, together with

Cricket Victoria continues to draw plaudits from

our management team, members, clubs and their

home and around the world for its participation,

valued volunteers, fans, staff and players for their

diversity and inclusion work and I’d like to thank

support of Victorian cricket.

the team behind the scenes for the invaluable work they are doing under our Harmony Program.

There have been many highlights over that journey – five Sheffield Shield titles, the introduction of

Victoria ended the season as the top state

the BBL and WBBL and the completion of the new

for participation in the country – a fantastic

CitiPower Centre at Junction Oval in St Kilda.

achievement and the challenge is now to grow that participation sustainability to support our clubs

With that in mind, now is the right time to allow

and associations.

others to guide Cricket Victoria through the next chapter of its history.

From a Board perspective, this year we welcomed the election of incoming Director Mr Peter

The road ahead is clear with an exciting vision

Williams at the Annual General Meeting and the

for the future. I finish my term with Cricket

Board elected Ms Theresa Best as a Director in

Victoria knowing the organisation is well placed to

April.

continue its journey towards success and growth.

Both Mr Williams and Ms Best bring a broad range of experience to our organisation and I welcome their contributions to our future direction.

ANNUAL REPORT 2017-18 | 5


CEO’S REPORT From a personal perspective, this role represents a fantastic opportunity to lead the organisation through this critical next chapter of our proud history and I’m excited about the challenges and opportunities we have ahead of us. The move to the CitiPower Centre has been remarkably smooth and I congratulate all who managed such a seamless transition. I’d also like to thank Cricket Victoria’s staff for their energy and anticipation both in the lead-up and since we have found our feet in St Kilda. The new venue is a blank canvas for our organisation to engage with our cricket community on a range of different levels. Each week we’re

ANDREW INGLETON

delighted to have teams coming in to train, to host functions in our event spaces, give tours of the

What an exciting and challenging year it has been

venue and in the coming season host Premier,

for Cricket Victoria.

WBBL, domestic and international cricket at the CitiPower Centre.

Before updating you on our progress, I would like to pass on my sincere thanks to all of you across

These changes and additional cricket content have

the broader Victorian cricket community for the

brought into focus our need to establish a sound

warm welcome extended to me since I commenced

footing in our venue and event management,

as CEO.

commercial portfolio, cricket operations and community relations divisions.

It’s also appropriate to make mention of Tony Dodemaide who served as CEO until March of this

We are under no illusions that this new facility

reporting year. Tony’s leadership and passion for

brings with it the weight of expectation and we

our game over more than a decade has delivered

intend on delivering high quality services for our

many successes, with the biggest among them the

many fans across Victorian cricket.

delivery of our magnificent new headquarters you see today.

Accordingly, towards the end of the reporting period we began a larger piece of work to redesign sections of the organisation to better align with both our strategic objectives over the coming years and the operational necessities of running our own venue. It will ensure we are positioned to respond to the growing demands from across Victorian cricket. Away from the venue, the organisation has delivered some outstanding results, particularly in participation. Over the past three years, Cricket Victoria has

6 | CRICKET VICTORIA

seen a 400% increase in the number of junior girls’ cricket teams registered. This rapid growth of junior girls’ teams is, in part, a result of the Growing Cricket for Girls Funding – Cricket Australia’s partnership with the Commonwealth Bank to directly support clubs, local associations and schools across Australia to develop new teams and competitions for girls. But the results are also testament to the incredible work of clubs and volunteers across the state who have worked so diligently to grow cricket opportunities for women and girls. Victoria has the highest number of junior girls’ cricket teams in the country and we are determined to ensure that number continues to rise. The participation of women and girls in cricket has moved from being a specific business focus to be an essential part of our work throughout the year and embedded across the business. A strong women’s cricket program has so many ongoing and future benefits across Victoria. This includes a more diverse participant base, new opportunities for clubs and future talent pipelines for Premier, State and WBBL teams. At the elite level, the winning run of the Victorian Men’s Team came to an end. In a brave attempt


to secure a fourth consecutive Sheffield Shield

sporting landscape and we are now preparing for

The balance sheet continued to strengthen through

title, the team stormed home after a number of

an expansion next season to a 14 match BBL home

growth in the investment portfolio and the successful

early season draws to just miss the final, losing

and away season (increasing from 8 matches last

sale of the Jolimont Street building following the

what was essentially a preliminary final outright to

season).

transition to the CitiPower Centre at St Kilda. This has put Cricket Victoria in a healthy position to deliver

Tasmania on a sporting pitch with the Duke’s ball at its lively best.

Off-field, the Melbourne Stars and Melbourne

against our longer-term strategic initiatives.

Renegades continue to deliver strong financial Our Women’s side had a disappointing year

results, with the Renegades delivering the highest

This is a unique time in our organisation’s rich

finishing sixth out of seven sides, winning only

number of members in the league last year and

history, with the cricket landscape changing more

two games. We anticipate a much stronger

made their first semi-final appearance in several

than ever before.

performance this year with the return of our

years. We now have the headquarters and facilities to

inspirational captain Meg Lanning as well as Elyse It was a more challenging year for the Melbourne

showcase our work at a world-class level and as an

Stars, however, who have traditionally been one

organisation we are eager to meet the challenges

These world-class players will bolster our batting

of the competition’s strongest performers but

ahead of us.

depth and have a considerable impact on the

struggled in their on-field performances.

Villani, who is returning home from WA.

I’d like to conclude by thanking our outgoing

squad both on and off the field. Both clubs continue to be market leaders in

Chairman, Russell Thomas for his exceptional service

The Community Cricket: On Common Ground

sport and entertainment and excite thousands

to Victorian cricket as a Club President, Delegate,

program between Cricket Victoria, Cricket

of new fans and families across Victoria. The

Board Director and the last three years as Chairman.

Australia and the Victorian Government has seen

new expanded season brings with it a range of

The organisation has grown substantially in the last

nearly 1,000 clubs receive funding and more than

opportunities and we look forward to bringing

decade and Russell and his fellow Directors have

$14 million invested in grassroots cricket facilities

the Melbourne Stars and Melbourne Renegades

played a critical role in guiding that growth and

across the state.

to more audiences and communities than ever

success.

before. To our Board, management and staff, I thank you for

In April, Cricket Victoria released the Victorian Cricket Infrastructure Strategy (VCIS) – a

From a commercial perspective, the year also

your outstanding contributions to the development of

document that sets a clear, coordinated future

marked the successful beginning of a major new

our great sport. I look forward to working with you to

direction for cricket facility planning, provision and

commercial partnership for Cricket Victoria.

ensure Victorian Cricket performs as a world class organisation, on and off the field.

development across Victoria over the next decade. In March we signed a five-year partnership We recognise that access to facilities is

agreement with CitiPower, Powercor and United

fundamental to our ability to grow as a sport –

Energy which includes the naming rights to our

whether that be getting more junior teams out

new headquarters, the CitiPower Centre.

on the ground, having the right changerooms available, or creating new regional hubs for

In late 2017 we announced a new two-year

communities.

partnership with the Transport Accident Commission (TAC) which will engage both

This strategy focuses on working cooperatively

grassroots cricket clubs through road safety

with local government to see existing facilities

education and training programs.

used as efficiently as possible and agreeing what the sport needs and how best we deliver

From a business perspective, the year delivered

that in partnership with government and local

a Statutory Profit of $14.6m which included

communities.

the sale of the Jolimont Street property and the appreciating value of CV investments. After

The KFC BBL and Rebel WBBL have maintained

adjusting for one off items the business delivered

their dominance in the Australian summer

an operating loss of $0.86m.

ANNUAL REPORT 2017-18 | 7


IN MEMORIAM

GEORGE MURRAY

JOHN CHAMBERS

JOHN SHAW

12 NOVEMBER 1925 - 25 DECEMBER 2017

30 OCTOBER 1930 - 12 SEPTEMBER 2017

18 OCTOBER 1932 - 5 AUGUST 2018

Cricket Victoria received the sad news that Life

John “Cocky” Chambers was a brilliant and

Cricket Victoria received the sad news that former

Member George Murray passed away on Christmas

aggressive left-handed batsman. He played

Victorian player John Shaw passed away on 5

Day, aged 92.

27 matches for Victoria between 1949-50 and

August, aged 85.

1954-55, scoring 1457 runs at 33.11. He hit three George Murray was an accomplished cricketer in

centuries, including a century (122) on first class

A nephew of the great Lindsay Hassett, John

his own right, playing 160 District matches for St

debut against Tasmania at the MCG in January,

Shaw was a fine right-handed batsman and a

Kilda, Melbourne Uni and Footscray between 1947-

1950.

brilliant catcher close to the wicket. Like his uncle, Shaw was born in Geelong and played for South

48 and 1960-61, scoring 4,496 runs at an average of 26.76, with 5 centuries and 23 half-centuries.

Chambers commenced his District Cricket career

Melbourne. He played 156 matches for the Swans

In his first game at Melbourne Uni, Murray and

with South Melbourne in 1948-49, playing 25

between 1949-50 and 1967-68, scoring 5,434 runs

George Thoms added 298 for the first wicket

matches for the Swans in two seasons before

at 37.47 with 6 centuries and 36 half-centuries and

partnership (still a club record) against Essendon

crossing to Hawthorn-East Melbourne in 1950-51.

a highest score of 133 and also took 81 catches.

in 1949-50. He was good enough to play three

He played 148 matches for the Hawks before

Shaw was a member of South Melbourne’s

Victorian 2nd XI matches in 1949-50, but it was off-

retiring after the 1968-69 season. In his 173

premiership teams of 1952-53 and 1967-68. He

field that Murray left the biggest impression.

District matches, he scored 6,821 runs at 36.47,

also topped the VCA batting averages in 1952-53

including 15 centuries, the highest of which was

(538 runs at 59.77) and 1955-56 (458 at 76.33).

Murray taught at University High School from 1950

an unbeaten 209 against Richmond in 1954-55.

to 1978, coaching the senior cricket and football

Chambers played in two premierships with the

Shaw played 48 first class matches for Victoria

teams for the majority of this time and was

Hawks - in 1950-51 and 1955-56.

from 1953-54 to 1960-61, scoring 2,942 runs at 41.43, with 3 centuries and 23 half-centuries and

considered the doyen of schoolboy coaches. He oversaw the schoolboy careers of dozens of VFL

In 1959-60, Chambers scored four successive

taking 33 catches. His best season was 1957-58

footballers including John Coleman, Allen Aylett

centuries, 138 v St Kilda, 129* v Footscray, 108 v

when he scored 751 runs at 62.58, which included

and Brent Crosswell and many Test and State

Northcote and 101 v Richmond in a hot streak of

his highest first class score of 167 against NSW

cricketers including Ray Bright, Jack Potter, Gary

form.

at Sydney. He also toured New Zealand in 1959-60 with an Australian team captained by Ian Craig,

Cosier and John Scholes. He was later principal of After retiring from District Cricket in 1969,

scoring 203 runs at 29.00 in the four unofficial

Chambers continued to play for several years with

“Tests”. Shaw scored 120 in the first tour match

Murray coached and managed numerous VCA

the Hawks’ Sub-District sides. He later served

against Auckland at Eden Park.

and VSCA Youth teams through the 1970s and

as President of Waverley Cricket Club. He was

1980s, including the 1983 Australian U19 Tour of

Waverley Delegate to the VCA from 1979 until 1992

England. He became a VCA Delegate for Fitzroy

and Chairman of State Selectors from 1982 until

(1978-79 to 1990-91), served on the CV Pennant

1990. He was also an inaugural member of the CV

Committee (1980-81 to 1990-91) and was awarded

200 Club when it was established in 1985.

Glen Waverley High and Vermont High.

Life Membership upon his retirement after the 1990-91 season.

When he retired as a Delegate in 1992, Chambers was awarded CV Life Membership, in appreciation

Murray was thrilled to be inducted into the CV

of his outstanding contribution to cricket in this

200 Club in 2014-15, when games as non-playing

State.

coach of Fitzroy in the 1960s and 1970s were finally recognised.

8 | CRICKET VICTORIA


NEIL SMYTH

PETER DAVIES

NOEL SHAW

6 JUNE 1928 - 14 AUGUST 2017

18 AUGUST 1957 - 10 MARCH 2018

10 MAY 1937 - 10 DECEMBER 2017

Neil Smyth was the number 2 wicket-keeper to

Cricket Victoria received the sad news that Peter

Noel Shaw was a right-arm fast bowler who played

Melbourne and Victorian stumper Ian “Skeeter”

Davies passed away on 10 March aged 60.

89 matches for Collingwood from 1955-56 to 1963-

McDonald for five years before crossing to Prahran

64. He took 244 wickets at 17.03 for the Magpies

in 1951-52. He had a successful decade with

Davies was a member of the CV 200 Club and

with best figures of 9/25 against Carlton in 1957-

his new club, being a member of the 1954-55

a former Victorian player. A fine left-handed

58 (still a club record).

premiership team, one of the best-balanced

batsman for Waverley (173 matches) and

combinations Prahran fielded in history.

Richmond (96 matches) between 1974-75 until

1957-58 was Shaw’s most productive season,

1994-95, altogether he scored 8,088 runs at an

taking 45 wickets at 11.48. A month after his effort

A neat wicket-keeper and useful batsman, Smyth

average of 33.84, with 14 centuries and 36 half-

against Carlton, Shaw was selected for Victoria’s

made 1162 runs at 12.76 with a highest score of

centuries, with a highest of 180 against Frankston

western tour. 12th man in Adelaide, Shaw made

69. He also played three times for Victoria against

Peninsula at Punt Road Oval in 1993-94. He also

his debut in Perth in the match against Western

Tasmanian teams, making 33, 46, 4 and 12 and

took 56 wickets (best 6/48) with his right-arm

Australia. Shaw took 3/23 in WA’s second innings

taking four catches and two stumpings.

off-spin and 95 catches and was a member of the

as the Vics cruised to a 10-wicket victory, but it

Tigers’ premiership team in 1989-90.

was his only first class appearance.

A company representative with Amatil, he would have made many more state appearances except

Davies played six first class matches for the

for McDonald’s presence. Recruited by Melbourne

Bushrangers in 1981-82 and 1982-83, scoring 240

from Melbourne Grammar, his polished displays

runs at 21.81, with a top score of 57 against SA at

proved to be one of Prahran’s major strengths of

Adelaide Oval in March 1982.

the 1950s.

DREW MORPHETT 22 AUGUST 1948 - 25 AUGUST 2017 Cricket Victoria was sad to receive the news of Drew Morphett’s passing on 25 August, aged 69. Drew Morphett was a veteran sports broadcaster who started his career at the ABC in 1966, and commentated every Test cricket match in Australia over an eight-year period. His great contribution to cricket, and many other sports, over the airwaves will not be forgotten, and Cricket Victoria extends sincere condolences to his family and friends.

ANNUAL REPORT 2017-18 | 9


BUSHRANGERS & VICSPIRIT 2017-18 SEASON Season 2017-18 was a year of change for the

Chris Tremain was a standout for the season,

Bushrangers and VicSpirit both on and off the

topping the wicket takers table with 51 scalps at

field.

21.07 and earning both the JLT Sheffield Shield Player of the Season award and the prestigious

An abundance of debutants throughout the JLT

Bill Lawry medal at Cricket Victoria’s State, Big

One Day Cup, JLT Sheffield Shield and Women’s

Bash and Media Awards night.

National Cricket League (WNCL) tournaments, as well as new captains in Peter Handscomb and

In a season of development for the VicSpirit in the

Kristen Beams, signalled the beginning of a new

WNCL, highlights included victory over Tasmania

era for Victoria.

in the first women’s domestic cricket match at the MCG since 2012, as well as Kristen Beams’

Brilliant individual performances were the shining

remarkable all-round performance against

light in an otherwise disappointing JLT One Day

Queensland, claiming figures of 5-13 before

Cup campaign that mirrored that of the previous

leading the run chase with 59 not out.

two tournaments as the Bushrangers bowed out in the semi-finals.

Beams also claimed the Sharon Tredrea medal at Cricket Victoria’s State, Big Bash and Media

Highlights included Will Sutherland’s figures of

Awards night in recognition of her outstanding

4-11 in just his second List A match against a

year.

strong New South Wales side, as well as Cameron White’s demolition at the WACA against Tasmania

At the conclusion of the season, it was announced

where he struck a personal best knock of 165.

that both the Bushrangers and VicSpirit monikers would cease to exist, and from 2018-19 onwards

Peter Siddle dominated all oppositions in his

both sides would play as the Victorian Cricket

career best white ball season, claiming nine

Team under the traditional VCA logo.

wickets at an economy rate of 3.95, the best across the tournament. Chasing a fourth straight JLT Sheffield Shield title in a golden era for Victorian red ball cricket, the Bushrangers had a slow start to the season claiming four draws and a loss ahead of the midseason break. Returning to form following the BBL break, an historic victory late on Day 4 at the newly launched CitiPower Centre at Junction Oval over New South Wales gave Victoria a chance of yet another Sheffield Shield final berth, however a rampant

View and download PDFs

Tasmania dispelled all hope in what became Queensland’s championship.

10 | CRICKET VICTORIA

Victorian Bushrangers Batting Averages

Victorian Bushrangers Bowling Averages

VicSpirit Batting Averages

VicSpirit Bowling Averages


COMMONWEALTH BANK FUTURE STAR AWARD

Elite Brother and Sister cricket duo Will and

Introduced in 2005-06, the Commonwealth Bank

Annabel Sutherland were named the 2017-18

Future Star Awards are presented each year to the

Commonwealth Bank Future Star Award winners

best Under-19 Victorian male and female player

as the state’s best up and coming young talents.

based on performances throughout the season, with nominations selected by a panel of committee

Will Sutherland burst onto the scene in the JLT

members on a monthly basis.

One-Day Cup in October when the quick claimed figures of 4-11 against a strong New South Wales

Past Winners

line-up at North Sydney Oval in just his second

2017-18: Will Sutherland & Annabel Sutherland

game.

2016-17: Will Pucovski & Makinley Blows 2015-16: Adam McMaster & Georgia Wareham

Will played three matches for the tournament

2014-15: Sam Grimwade & Tayla Vlaeminck

before returning to Melbourne to continue focusing

2013-14: Matt Short & Sophie Molineux

on his VCE studies.

2012-13: Ben Ashkenazi & Kirsty Lamb 2011-12: Meyrick Buchanan & Anna Lanning

In remarkably similar fashion, Annabel Sutherland

2010-11: Dylan Kight & Molly Strano

starred on debut for the Melbourne Stars against

2009-10: Alex Keath & Cassie Brock

the Adelaide Strikers at the Adelaide Oval,

2008-09: David King & Meg Lanning

claiming a wicket with her first ball and three

2007-08: Michael Hill & Elyse Villani

within seven, before snaring 4-20 for the match.

2006-07: Kumar Sarna & Jessica Cameron 2005-06: Aaron Finch & Emma Inglis

Annabel played out the remainder of the rebel WBBL|03 tournament and became a key part of the Stars’ bowling line-up.

ANNUAL REPORT 2017-18 | 11


MELBOURNE RENEGADES REVIEW

The Melbourne Renegades delivered record

native country. India defeated Afghanistan in the

membership and crowds throughout the seventh

final, with Renegades and Afghan all-rounder

instalment of the KFC BBL and the third season of

Mohammad Nabi a keen on-looker.

the Rebel WBBL. The Melbourne Renegades would like to thank Under the leadership of Coach Andrew McDonald

Chairman Jason Dunstall and Board Members

and Captain Aaron Finch, the BBL side reached

Jamie McPhee, Chris Nikou, Suzana Ristevski,

the finals for just the second time in club history,

Liam Pickering, Paul Jackson and Gayle While for

while the WBBL side led by Coach Tim Coyle and

their leadership of the club.

Captain Amy Satterthwaite fell just short of a maiden finals appearance.

Special thanks are also extended to Mars (Principal Partner), carsales (Major Partner – BBL

Throughout BBL|07 141,576 people attended

and WBBL), Nylex (Co-major partner), Towards

Renegades home matches – a rise of 18 per cent,

Zero TAC (WBBL Principal Partner), VicHealth

while a final membership tally of 10,808 (up from

(WBBL Official Partner), Avalon Airport (WBBL

8,831 in BBL|06) represented a club and league

Co-major Partner), Gree Air Conditioners (Coaches

record.

Partner), Victorian Responsible Gambling Foundation (Official Partner), Suzuki (Official

The Renegades took a home match to Geelong for

Vehicle Partner), White Ribbon (Official Charity

the first time. The double-header was played at

Partner), Gray Nicolls (Official Supplier), The

GMHBA Stadium in front 23,856 people - a record

Cullen (Official Accommodation Partner) and the

for a non-AFL match at the venue. The club’s

City of Greater Geelong.

Family Day and a pre-season camp were also held in the region. Tom Cooper and Satterthwaite were crowned ‘Player of the Season’ for their respective sides. Cooper returned 298 runs at an average of 49.67. Satterthwaite posted 368 runs at an average of 33.45, while also taking 11 wickets. The New Zealand international was also voted the competition’s player of the season. Jack Wildermuth and Sophie Molineux made their T20I debuts for Australia following the completion of the Big Bash, while Tayla Vlaeminck and Georgia Wareham were chosen to represent the Australian u/19 team on the tour of South Africa. The Melbourne Renegades Champions League was staged for the third season. The T20 tournament sees the best local players of South Asian origin from around Melbourne represent their

12 | CRICKET VICTORIA


MELBOURNE STARS REVIEW

A challenging 2017-18 season for the Melbourne

Harper and James Faulkner from the playing

Stars provides opportunity for reflection and

group. The Melbourne Stars would like to thank

revitalisation.

each player for their services to the Club.

Despite a challenging season on-field, the

The Melbourne Stars are also incredibly grateful

Melbourne Stars managed to achieve record

for the support of its loyal and passionate

membership of 10,544, total match attendance of

Members, as well as corporate partners.

over 158,000 throughout the season and surpassed its one millionth attendee through the MCG.

This year was no exception, with Optus becoming the first sponsor to sit across both BBL and WBBL

The Stars’ community program provided increased

teams and continuing to set the standard with

connections across regional Victoria with practice

initiatives such as ‘Save Our Rhinos.’ All Stars

matches in the Albury-Wodonga and La Trobe

partners have provided the club and fans with

Valley regions and a pre-season Coach’s Roadshow

some incredible initiatives including co-major

to Stars Clubs throughout the state.

partner National Storage’s Augmented Reality partnership and Cabots’ match day deck which

On-field, the men encountered their most

drove outstanding fan engagement activations

challenging season to date. Under new captain

throughout the season.

John Hastings the team failed to deliver upon pre-tournament expectations. Despite this, the

The Stars would like to thank everyone connected

emergence of players such as Seb Gotch and Liam

with the club, especially the staff and Board, led

“the Wizard” Bowe as genuine Twenty20 players

by Eddie McGuire AM, John Wylie AM, Sharelle

was pleasing.

McMahon, Malcolm Smith, Claudia Fatone and Damien Fleming. The ongoing guidance and

Meanwhile, the WBBL side under the leadership

support of this Club by all involved is second to

of Kristen Beams had an injection of new

none.

players including internationals Georgia Elwiss, Mignon Du Preez and Lizelle Lee plus locals Nicole Faltum, Erin Osborne, Chloe Rafferty and Annabel Sutherland. The team performed above expectations, defeating finalists Perth Scorchers on their home deck as well as cross-town rivals the Melbourne Renegades in a thrilling MCG Super Over, laying the framework for some exciting years ahead. Glenn Maxwell and Erin Osborne were named Players of the Season for the club. At season’s end, the Melbourne Stars farewelled Kevin Pietersen (retired), crowd favourite Rob Quiney (retired), Gemma Triscari (retired), Ben Hilfenhaus, Luke Wright, John Hastings, Sam

ANNUAL REPORT 2017-18 | 13


PREMIER CRICKET REVIEW

Dandenong Cricket Club were the toast of Victorian Premier Men’s Cricket in season 2017/18, taking home the First XI ‘double’ with victories over Fitzroy Doncaster in the 3-day end of season Final and over Carlton in an eventful White Ball Final in January. Credit must also go to Fitzroy Doncaster for winning the CV Club Championship for the first time since 1961/62, with all four sides making the Finals and making their third consecutive Men’s Premier 1st XI Final. This was great recognition for the work done by Lions coach Mick O’Sullivan, who for the first time won a Club Championship in his many years of involvement in Victorian Premier Cricket. Fitzroy Doncaster all-rounder Trent Lawford was destructive with both bat and ball in the Lions’ push for a three-peat. Lawford’s strong bowling form and destructive batting throughout the season saw him win the Jack Ryder Medal by 4 votes over Ringwood’s David King. Frankston Peninsula were the winners of the Men’s Spirit of Cricket Award for season 2017/18, while Dandenong won the Women’s Spirit of Cricket Award. Lower XI Red Ball Premiers were St Kilda (Seconds), Melbourne Uni (Thirds) and Carlton (Fourths), whilst St Kilda (Seconds), Geelong (Thirds) and Monash Tigers (Fourths) shared the spoils in the Lower XI White Ball Finals. In the Premier Women’s Firsts One Day competition, a cracker of a Final was played at Walter Galt Reserve. Box Hill pinched victory from the jaws of defeat against Essendon Maribyrnong Park to win the Agnes McDonnell Trophy for the fourth time in the last five seasons, winning on the last wicket with just 2 deliveries remaining.

14 | CRICKET VICTORIA


Box Hill speedster Hayleigh Brennan won the Betty Wilson Medal for Player of the Final with 6/24 off 10 overs and 11* (including the winning runs). Essendon Maribyrnong Park were the dominant club across the season, taking out the Women’s Premier Reserves One Day title over Melbourne at Casey Fields (Taryn Heddo was Player of the Match) and both the Women’s Premier Firsts and Women’s Premier Seconds T20 titles at the Harry Trott Oval in February. The Bombers defeated Melbourne in the Firsts and Carlton-Brunswick in the Seconds to take the double. Jenny Taffs (Firsts T20) and Maryam Omar (Seconds T20) receiving the Player of the Match awards in the respective games. In the Women’s Premier Seconds One Day Final, Ringwood caused the upset of the season by defeating the previously undefeated CarltonBrunswick by three wickets. Ringwood’s Kylie Walters was the Player of the Match. A familiar face again adorned the Una Paisley Medal. Box Hill skipper Anna Lanning was again crowned the Women’s Premier Firsts One Day Player of the Season (having won the award previously in 2014/15), polling 25 votes to hold off Essendon Maribyrnong Park’s Molly Strano by one vote, with Dandenong’s Sophie Molineux third a further 6 votes behind Strano. Notable retirees from Premier Cricket ranks after last season included former Australian representative Rob Quiney, 2013/14 Ryder Medallist James Miller, former Victorian batsman Lloyd Mash and former Victoria Women’s representatives Cassie Brock and Leanne Leggieri. View and download PDFs

Men’s Premier Cricket Batting Averages

Women’s Premier Cricket Batting Averages

Men’s Premier Cricket Ladders

Men’s Premier Cricket Bowling Averages

Women’s Premier Cricket Bowling Averages

Women’s Premier Cricket Ladders

ANNUAL REPORT 2017-18 | 15


GAME & MARKET DEVELOPMENT

The 2017-18 cricket season delivered substantial

Other highlights over the 2017-18 season include:

growth in participation, with Victoria now the number one state for overall cricket participation.

The growth of the National Indoor Cricket

T O TA L PA R T I C I PAT I O N

League with Essendon Maribyrnong Park The measure of participation includes activity

CC and Cricket Southern Bayside joining the

across three key areas - club, school and indoor

competition

cricket. A participant is defined as someone who has participated in the sport a minimum of four

The successful hosting of the National Cricket Inclusion Championships in Geelong

times.

with Victoria represented in every division In clubland, over 8,000 cricket teams played cricket ‘week in week out’, representing 1,083

The Heads of Agreement signed by South

clubs across 75 cricket associations. The overall

East Cricket Association, Inner South East

growth in cricket participation is pleasing given the

Cricket and Cricket Southern Bayside to

focus on increasing opportunities for women and

form an overarching governing body for

girls to play cricket in addition to the inclusion of

cricket in that zone which offers increased

aligned junior cricket formats.

opportunities for participation in addition to support and servicing of cricket clubs

The successful roll out of the national junior formats was arguably the most pleasing

The successful trial and partnership with

development for Community Cricket in 2017-18.

Cricket Australia, Inner South East Cricket

The progression from three associations in 2016-

and the City of Stonnington of portable

17 to 24 associations in 2017-18 was indicative

pitches for junior cricket matches

of the groundswell of support from cricket association officials, clubs, parents and players.

426,959 13.46% #1 FOR PARTICIPATION NATIONALLY 137,875

for All’ awards at the MCG that showcased and recognised Victoria’s finest associations,

improved, with more balls in play due to the

clubs, volunteers and community partners

shortened pitch and more action for players due to fewer players per team. The following areas below

The growth of the Year 7 & 8 Girls Leadership

FEMALE PARTICIPATION

#1 INFORAUS

The inaugural and highly successful ‘A Sport

The quality of experience for junior cricket also

115,283

CLUB CRICKET PARTICIPATION

67,364

INDOOR PARTICIPATION

13.46%

YOY GROWTH IN PARTICIPATION

were measured to assess the impact of the junior

Forum, where over 600 girls registered

formats in comparison to previous seasons via

and participated in the industry leading

Despite the wonderful results of the 2017-18 season,

MyCricket.

professional development program

a wide number of challenges still exist. This includes the need to ensure the game provides broader

J U N I O R F O R M AT S

15% BOUNDARIES

4% WICKETS TAKEN

SCORED

PER OVER

10% RUNS SCORED

11% WIDES AND

PER OVER

5%

NO BALLS

BYES CONCEDED PER OVER

The continued growth and success of the

benefits from a health and well-being perspective as

Melbourne All Abilities Cricket Association

well as to ensure cricket is inclusive and genuinely a

and the Harmony in Cricket Association.

sport for all Victorians.

These two associations provide cricket opportunities for people in a way that

The rise of new entertainment options such as

compliments the traditional cricket structure

eSports are also strong competitors going forward. These challenges are confronting, yet they provide an

These achievements owe much to the support of

opportunity for cricket to adapt and evolve.

community cricket volunteers, government and non-government partners as well as hard working

Based on the achievements of 2017-18, there is a

staff whose passion and dedication to the job at

sense that cricket in Victoria is prepared to meet

hand is incredible.

these challenges and adapt to ensure we remain the number one summer sport in Victoria.

16 | CRICKET VICTORIA


COMMUNITY CRICKET TOTAL FEMALE PARTICIPATION - 2017-18 Cricket Victoria had several key achievements in the community space across the 2017-18 season, including partnering with the Midsumma Festival

2017-18

115,278 +31.02%

2016-17

87,988

and participation in our first Pride March in January 2018. CV also hosted pre-march activities, promoting our new Proud Cricket initiative which provides both a welcoming and inclusive environment for our LGBT+ community to play and enjoy cricket. With support from Premier Cricket Clubs Northcote and St Kilda, as well as the Federation

MULTICULTURAL PARTICIPATION - 2017-18

of Victorian Traditional Owner Corporations, we also provided our first indigenous scholarships to two young men from the CV Noogal Toengorrt

2017-18

83,276 +33.13%

2016-17

62,552

Tani development squad. These scholarships are designed to develop cricket skills and physical performance with the long term objective of producing more Indigenous high performing cricketers. CV also established the International Student Academy in partnership with Study Melbourne.

INDIGENOUS PARTICIPATION - 2017-18

This initiative uses cricket as a platform to support student settlement and promote health and wellbeing through physical activity and

2017-18

4,319

2016-17

3,168

playing a team sport. In addition, CV also provided specifically designed multicultural coaching courses that resulted in 51 new coaches who are now supporting cricket in our diverse community.

+36.33%

CV are proudly supporting the #ThisGirlCan initiative with VicHealth and developed our first social cricket initiative, “Social Sixes”. Social

DISABILITY PARTICIPATION - 2017-18

Sixes was designed to engage and provide more opportunities for women to play cricket. It’s a fun, short, fast and exciting format, which breaks away from the traditional forms of cricket, and will

2017-18

7,170

2016-17

7,024

+2.08%

continue to grow in the years to come.

ANNUAL REPORT 2017-18 | 17


STATE, MEDIA & PREMIER AWARD WINNERS 2017-18 STATE AWARDS WINNERS Bill Lawry Medal Chris Tremain

Melbourne Renegades BBL Player of the Season Tom Cooper

John Scholes Players Award Scott Boland

Melbourne Stars WBBL Player of the Season Erin Osborne

Dean Jones Medal Peter Siddle

Melbourne Stars BBL Player of the Season Glenn Maxwell

Sharon Tredrea Award Kristen Beams

Commonwealth Bank Future Star Awards Annabel Sutherland and Will Sutherland

Melbourne Renegades WBBL Player of the Season Amy Satterthwaite 2017-18 MEDIA AWARDS WINNERS Cricket Victoria Award Peter Lusted (ABC)

Suburban Community Award Tim Michell (Leader Newspapers)

Premier Cricket Award Luke D’Anello (Leader Newspapers)

BBL & WBBL Award Sam Landsberger (Herald Sun)

Commonwealth Bank Bushrangers Award Louis Cameron (Cricket Network)

Commonwealth Bank VicSpirit Award Daniel Cherny (The Age)

Country Award Luke Hemer (Riverine Herald)

Photography Award Michael Dodge (Getty Images) 2017-18 PREMIER CRICKET AWARDS WINNERS

Jack Ryder Medal Trent Lawford (Fitzroy Doncaster) Una Paisley Medal Anna Lanning (Box Hill) Spirit of Cricket Award Men’s - Frankston Peninsula / Women’s - Dandenong Men’s Team of the Season 1. David King (Ringwood) 2. Brett Forsyth (Dandenong) 3. Eamonn Vines (Geelong) - Captain 4. Harrison Smyth (Carlton) 5. Liam Tonkin (Frankston Peninsula) 6. Tom Smyth (Carlton) 7. Dylan Kight (Footscray) 8. Trent Lawford (Fitzroy Doncaster) 9. James Nanopoulos (Dandenong) 10. Ejaaz Alavi (Fitzroy Doncaster) 11. Matthew Doric (Essendon) 12. Will Walker (Camberwell Magpies)

18 | CRICKET VICTORIA

Women’s Team of the Season 1. Amy Vine (Melbourne) 2. Emma Inglis (Prahran) - Captain 3. Anna Lanning (Box Hill) 4. Jenny Taffs (Essendon Maribyrnong Park) 5. Kylie Crowley (Melbourne) 6. Annabel Sutherland (Prahran) 7. Molly Strano (Essendon Maribyrnong Park) 8. Zoe Griffiths (Box Hill) 9. Anna O’Donnell (Melbourne) 10. Hayleigh Brennan (Box Hill) 11. Gemma Triscari (Prahran) 12. Cassie Brock (Box Hill) Players of the Season 2nd XI - Ryan Quirk and Joshua Slater (Dandenong) 3rd XI - Theophilus Lawson (Dandenong) 4th XI - Alistair McCooke (Melbourne) Sue Woolcock Award / June Cole Award Alex Rogers (Carlton-Brunswick) / Jaide Anthony (Prahran)


OUR PARTNERS WOULD LIKE TO THANK THE FOLLOWING PARTNERS FOR THEIR SUPPORT

GOVERNMENT PARTNERS

ANNUAL REPORT 2017-18 | 19


VICTORIAN CRICKET ASSOCIATION A.B.N. 28 004 128 812

SPECIAL PURPOSE FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2018 Directors’ Report

21

Auditor’s Independence Declaration

24

Independent Auditor’s Report

25

Directors’ Declaration

28

Consolidated Financial Statements

20 | CRICKET VICTORIA

Consolidated Statement of Profit or Loss and Other Comprehensive Income

29

Consolidated Statement of Financial Position

30

Consolidated Statement of Changes in Equity

31

Consolidated Statement of Cash Flows

32

Notes to the Consolidated Financial Statements

33


DIRECTORS’ REPORT

The directors of the Victorian Cricket Association and controlled entities (“the Group”) submit herewith the special purpose financial report of the group for the financial year ended 30 June 2018. In order to comply with the provisions of the Corporations Act 2001, the directors report as follows: The names and particulars of the directors of the company during or since the end of the financial year are: Name

Occupation

Board Tenure

Special Responsibilities

Mr RW Thomas

Program Manager

9 years

Chair Cricket Victoria Board, Chair People & Culture Committee, Chair Nominations Committee

Mr PW Jackson

Bank Executive

11 years

Deputy Chair Cricket Victoria Board, Chair Audit & Risk Committee, People & Culture Committee, Director Melbourne Renegades Pty Ltd

Ms C Fatone

Executive Officer

7 years

Chair Melbourne Metropolitan Steering Committee, Director Melbourne Stars Ltd, Good Governance Committee

Mr T Considine

Company Director

6 years

Audit & Risk Committee

Mr P Barker

Non Executive Director

3 years

Audit & Risk Committee, People & Culture Committee, Nominations Committee

Dr D Maddocks

Lawyer

4 years

Audit & Risk Committee

Dr M King (ceased 28 Aug 2017)

Managing Director

2 years

-

Ms T Best (appointed 28 Mar 2018)

Marketing Director

3 months

-

Mr P Williams (appointed 28 Aug 2017)

Non Executive Director

1 year

Good Governance Committee

The above named directors held office during and since the end of the financial year unless otherwise stated.

ANNUAL REPORT 2017-18 2016-17 | 21


PRINCIPAL ACTIVITIES The principal activities of the Group during the financial year were the ongoing promotion, management and control of cricket in the State of Victoria, through the provision of a range of activities including game development programs, coaching, talent identification and development, staging of State matches, along with other activities to continue to provide valuable resources for the ongoing growth and promotion of the game of cricket throughout Victoria. The objectives of the Group continues to be Australia’s leading cricket state, representing grassroots cricket throughout Victoria, enhanced by the delivery of the best high performance system for elite men’s and women’s cricket and to grow our fan base through the Big Bash. There were no significant changes in the nature of the Group’s activities during the year. This financial year, the Revenue of the Group and parent company included grant funding of $2,770,800 from Parks Victoria relating to the redevelopment of the Junction Oval. The redevelopment of Junction Oval was completed on time in early 2018 and within budget of $40.9m. The reported profit also includes $8.4m gain from the sale of the Group’s former head office in Jolimont St, East Melbourne.

Merchandise) and the gain on the sale of Jolimont Street. This was partially offset by a reduction in revenue relating to grants and interest income associated with funding for Junction Oval. Profit Activities during the 2018 financial year returned a profit for the group of $14,619,536 (2017: $13,770,149). Activities during the 2018 financial year returned a profit for the company of $13,594,391 (2017: $11,501,978). After adjusting for the profit on sale of Jolimont Street of $8,375,200, the revaluation of investment properties of $4,340,000, VCCC gifted assets of $2,443,800 and VCCC grants of $327,000. The profit / (loss) for the group was $(866,464) (2017: $970,149) and for the company $(1,891,609) (2017: -$1,298,022). The net assets for the Group increased by $14,619,536 due to the gain on disposal of Jolimont Street, the increase in the fair value of investment properties, and the completion of the redevelopment of Junction Oval. CHANGES IN STATE OF AFFAIRS During the year the company took on the responsibility of managing the CitiPower Centre at Junction Oval including all match day operations, training facilities, hospitality, and commercial partnerships.

REVIEW OF OPERATIONS

SUBSEQUENT EVENTS

Highlights The operations of the Group during the financial year continued to engage in its principal activities, the results of which are disclosed in the financial statements.

There has not been any matter or circumstance occurring subsequent to the end of the financial year that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations, or the state of affairs of the company in future financial years.

Revenue In 2018, the Group’s revenue was $59,555,725, representing an increase of $7,416,673 versus the prior year. The movement in revenue can be attributed to the revaluation of investment properties valued at an additional $4.3m, the realisation of the Junction Oval Stands gifted from Parks Victoria at a value of $2.4m, increased revenue from Cricket Australia, increased revenue from cricket matches, increase in sponsorship revenue, other revenue increases (Memberships and

22 | CRICKET VICTORIA

FUTURE DEVELOPMENTS Disclosure of information regarding likely developments in the operations of the Group in future financial years and the expected results of those operations is likely to result in unreasonable prejudice to the Group. Accordingly, this information has not been disclosed in this report.

ENVIRONMENTAL REGULATIONS The Group’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a State or Territory. DIVIDENDS In respect of the financial year ended 30 June 2018, no dividends were declared or paid (2017: $Nil). The company is a public company limited by guarantee, is a not for profit and is therefore precluded from paying dividends. BOARD STRUCTURE The directors of the Victorian Cricket Association consist of six elected directors and a maximum of three appointed directors. The term of the elected directors is up to three years with two elected directors elected at each Annual General Meeting. The term of each elected director will expire at the conclusion of the third Annual General Meeting following their election. Elected directors are eligible for re-election following expiry of their term. The elected directors may appoint a maximum of three Appointed Directors for a term not exceeding three years. The appointed directors shall be on a rotational basis with no more than one Appointed Director appointed each year for a term of three years. Appointed Directors are eligible for further appointment following expiry of their term.


DIRECTORS MEETINGS The following table sets out the number of directors’ meetings held during the financial year and the number of meetings attended by each director (while they were a director). During the financial year, 10 board meetings were held. *Resigned 28 August 2017 ~Appointed 28 August 2017 ^Appointed 28 March 2018

Director

Board Meetings Held

Attended

Mr RW Thomas

10

10

Mr P Barker

10

9

Ms T Best^

4

3

Ms C Fatone

10

8

Mr T Considine

10

9

Mr P Jackson

10

9

Dr M King*

1

1

Dr D Maddocks

10

8

Mr P Williams~

9

9

COMMITTEES Three key standing committees have been established to assist the Board in fulfilling its responsibilities: i) Audit & Risk Committee - oversees financial reporting, risk management and internal controls, external audit, insurance and capital management. ii) People and Culture Committee - oversees training, development and succession planning, performance and remuneration and company diversity. iii) Nominations Committee - oversees Board composition (gender diversity), identification & appointment of independent directors, evaluation and development of Board skills matrix. RECOGNISING AND MANAGING RISK The Board is responsible for ensuring the adequacy of the Victorian Cricket Association’s risk management and is assisted in doing this by the Audit and Risk Committee. This includes ensuring the

establishment, implementation and annual review of the Victorian Cricket Association risk management systems, ensuring that they are designed to protect the Company’s reputation and manage key business, strategic and financial risks. The Audit and Risk Committee reviews the Risk Management Framework on a regular basis and satisfies itself that management has appropriate systems in place for managing risk and maintaining internal controls. The CEO and senior management team are responsible for identifying, evaluating and monitoring risk in accordance with the risk management framework. INDEMNIFICATION OF OFFICERS AND AUDITORS

was not party to any such proceedings during the year. AUDITOR’S INDEPENDENCE DECLARATION The auditor’s independence declaration is included on page 24 of the annual report. MEMBERS GUARANTEE The Parent is a public company limited by guarantee. If the Parent is wound up, the Articles of Association state that each member is required to contribute a maximum of $100 towards meeting any outstanding obligations of the company. At 30 June 2018 the number of voting members was 22 (2017: 22). ROUNDING

Clause 99 of the Articles provides that the Company will, to the extent permitted by law, indemnify officers of Group companies in respect of any liability incurred by the officer in or arising out of the proper performance of any duty of the business of the Association or of such wholly owned subsidiaries. Each director of the Victorian Cricket Association has entered into a Deed of Indemnity, Access & Insurance with the company. No director of the Company has received a benefit under an indemnity from the Company during the year ended 30 June 2018 or to the date of this report. The Company has paid an insurance premium in respect of an insurance contract that covers directors and officers of the Group of Companies against any liability arising in or out of the conduct of the business of the Group and the proper performance of any duty of that Director or Officer. Due to the confidential undertakings of the policy, no further details in respect of the premium or policy can be disclosed.

The Victorian Cricket Association is a Company of the kind referred to in ASIC corporations (Rounding in Financial/ Directors Reports) instrument 2016/191. In accordance with that instrument, amounts in the Directors’ Report and Financial Report are rounded off to the nearest whole dollar, unless otherwise indicated. Signed in accordance with a resolution of the directors made pursuant to s.298(2) of the Corporations Act 2001.

Mr RW Thomas Chair, Victorian Cricket Association Melbourne, 30 July 2018

PROCEEDINGS ON BEHALF OF THE COMPANY No person has applied for leave of Court to bring proceedings on behalf of the Group or intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or any part of those proceedings. The Group

ANNUAL REPORT 2017-18 | 23


Auditor’s Independence Declaration As lead auditor for the audit of Victorian Cricket Association for the year ended 30 June 2018, I declare that to the best of my knowledge and belief, there have been: (a)

no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and

(b)

no contraventions of any applicable code of professional conduct in relation to the audit.

This declaration is in respect of Victorian Cricket Association and the entities it controlled during the period.

Andrew Cronin Partner PricewaterhouseCoopers

Melbourne 30 July 2018

PricewaterhouseCoopers, ABN 52 780 433 757 2 Riverside Quay, SOUTHBANK VIC 3006, GPO Box 1331, MELBOURNE VIC 3001 T: 61 3 8603 1000, F: 61 3 8603 1999, www.pwc.com.au Liability limited by a scheme approved under Professional Standards Legislation. 24 | CRICKET VICTORIA

8


Independent auditor’s report To the members of Victorian Cricket Association

Our opinion In our opinion: The accompanying financial report of Victorian Cricket Association (the Company) and its controlled entities (together the Group) is in accordance with the Corporations Act 2001, including: (a)

giving a true and fair view of the Group's financial position as at 30 June 2018 and of its financial performance for the year then ended

(b)

complying with Australian Accounting Standards to the extent described in Note 1 and the Corporations Regulations 2001.

What we have audited The Group financial report comprises: •

the consolidated statement of financial position as at 30 June 2018

the consolidated statement of changes in equity for the year then ended

the consolidated statement of cash flows for the year then ended

the consolidated statement of profit or loss and other comprehensive income for the year then ended

the notes to the consolidated financial statements, which include a summary of significant accounting policies

the directors’ declaration.

Basis for opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial report section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group 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 our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

PricewaterhouseCoopers, ABN 52 780 433 757 2 Riverside Quay, SOUTHBANK VIC 3006, GPO Box 1331, MELBOURNE VIC 3001 T: 61 3 8603 1000, F: 61 3 8603 1999, www.pwc.com.au Liability limited by a scheme approved under Professional Standards Legislation.

9 ANNUAL REPORT 2015-16 2017-18 | 25


Emphasis of matter - basis of accounting and restriction on use We draw attention to Note 1 in the financial report, which describes the basis of accounting. The financial report has been prepared for the purpose of fulfilling the directors' financial reporting responsibilities under the Corporations Act 2001. As a result, the financial report may not be suitable for another purpose. Our report is intended solely for Victorian Cricket Association and its members and should not be used by parties other than Victorian Cricket Association and its members. Our opinion is not modified in respect of this matter.

Other information The directors are responsible for the other information. The other information comprises the information included in the Director's Report for the year ended 30 June 2018, but does not include the financial report and our auditor’s report thereon. Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed on the other information obtained prior to the date of this auditor’s report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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 and have determined that the basis of preparation described in Note 1 to the financial report is appropriate to meet the requirements of Corporations Act 2001 and is appropriate to meet the needs of the members. The directors' responsibility also includes 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 to fraud or error. In preparing the financial report, the directors are responsible for assessing the ability of the Group 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 Group or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial report Our 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 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material

26 | CRICKET VICTORIA

10


if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report. A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/auditors_responsibilities/ar3.pdf. This description forms part of our auditor's report.

PricewaterhouseCoopers

Andrew Cronin Partner

Melbourne 30 July 2018

ANNUAL REPORT 2017-18 | 27

11


DIRECTORS’ DECLARATION

As detailed in Note 3 to the financial statements, the Group is not a reporting entity because in the opinion of the directors there are unlikely to exist users of the financial report who are unable to command the preparation of reports tailored so as to satisfy specifically all of their information needs. Accordingly, this ‘special purpose financial report’ has been prepared to satisfy the directors’ reporting requirements under the Corporations Act 2001. The directors declare that: (a) in the directors’ opinion, there are reasonable grounds to believe that the Group will be able to pay its debts as and when they become due and payable; and (b) in the directors’ opinion, the attached financial statements and notes thereto are in accordance with the Corporations Act 2001, including compliance with accounting standards and giving a true and fair view of the financial position and performance of the company and the Group. (c) The directors have been given the declarations by the Chief Executive Officer and Chief Operating Officer in line with section 295A of the Corporations Act. This declaration is made in accordance with a resolution of the Directors.

Mr RW Thomas Director, Victorian Cricket Association Melbourne, 30 July 2018

28 | CRICKET VICTORIA


CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2018

Note

2018 $

2017 $

59,555,725

52,139,052

Continuing operations Revenue

4

Employee benefits expense

(24,815,968)

(19,831,765)

Consultants expense

(648,065)

(1,317,112)

Depreciation expense

(528,825)

(220,697)

State cricket match expenses

(6,412,873)

(4,285,109)

Travel, catering and corporate hospitality

(3,589,267)

(3,746,772)

(247,104)

(240,229)

Communication and printing Repairs, hire and equipment

(1,407,905)

(875,993)

Awards, promotion and advertising

(1,888,488)

(2,359,298)

Other expenses

(3,057,555)

(2,427,088)

Profit before tax and grants to associated bodies

5

16,959,675

16,834,989

Income tax expense

3

-

-

Grants to associated bodies

(2,340,139)

(3,064,840)

Profit for the financial year

14,619,536

13,770,149

-

-

14,619,536

13,770,149

Other comprehensive income Total comprehensive income for the year

The above statement should be read in conjunction with the accompanying notes.

ANNUAL REPORT 2017-18 | 29


CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2018

Note

2018 $

2017 $

Current assets Cash and cash equivalents

16

20,413,391

25,362,304

Trade and other receivables

6

1,433,336

626,146

Other financial assets

7

3,439,230

4,970,235

55,445

57,449

25,341,402

31,016,134

Other assets Total current assets

Non-current assets Trade and other receivables

6

50,000

86,000

Investment property

8

10,625,000

6,285,000

Property, plant and equipment

9

43,408,940

25,690,943

Total non-current assets

54,083,940

32,061,943

Total assets

79,425,342

63,078,077

Current liabilities Trade and other payables

10

4,930,612

2,800,954

Provisions

11

1,369,230

1,558,159

Other liabilities

12

197,500

382,382

6,497,342

4,741,495

801,820

829,939

801,820

829,939

7,299,162

5,571,434

72,126,180

57,506,643

0

4,024,314

72,126,170

53,482,329

10

10

72,126,180

57,506,643

Total current liabilities

Non-current liabilities Provisions

11

Total non-current liabilities

Total liabilities Net assets

Equity Reserves

14

Retained earnings Share Capital Total equity

The above statement should be read in conjunction with the accompanying notes.

30 | CRICKET VICTORIA


CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2018

Share capital $ Balance at 1 July 2016

Retained earnings $

Asset revaluation reserve $

Total $

10

39,712,180

4,024,304

43,736,494

Profit for the year

-

13,770,149

-

13,770,149

Other comprehensive income for the year

-

-

-

-

Total comprehensive income for the year

-

13,770,149

-

13,770,149

Transfer to/(from) reserves

-

-

-

-

Balance at 30 June 2017

10

53,482,329

4,024,304

57,506,643

Balance at 1 July 2017

10

53,482,329

4,024,304

57,506,643

Profit for the year

-

14,619,536

-

14,619,536

Other comprehensive income for the year

-

-

-

-

Total comprehensive income for the year

-

14,619,536

-

14,619,536

Transfer to/(from) reserves

-

4,024,304

(4,024,304)

-

10

72,126,170

-

72,126,180

Balance at 30 June 2018

The above statement should be read in conjunction with the accompanying notes.

ANNUAL REPORT 2017-18 | 31


CONSOLIDATED STATEMENT OF CASH FLOWS AS AT 30 JUNE 2018

Note

2018 $

2017 $

359,700

14,080,000

Cash Flows from Operating Activities Receipt of grants for VCCC Receipts from customers

48,888,720

42,210,505

(46,941,280)

(41,882,673)

154,426

494,614

2,461,566

14,902,446

(22,716,728)

(15,969,967)

15,306,249

64,738

(7,410,479)

(15,905,229)

Repayment of borrowings

-

(6,301)

Net cash provided by financing activities

-

(6,301)

Net increase/(decrease) in cash and cash equivalents

(4,948,913)

1,009,084

Cash and cash equivalents at the beginning of the year

25,362,304

26,371,388

20,413,391

25,362,304

Payments to suppliers and employees Interest received Net cash provided by operating activities

16(b)

Cash Flows from Investing Activities Payments for property, plant and equipment Proceeds from disposal of property, plant and equipment Net cash inflow/(outflow) from investing activities

Cash Flows from Financing Activities

Cash and cash equivalents at the end of the year

16

The above statement should be read in conjunction with the accompanying notes.

32 | CRICKET VICTORIA


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ABOUT THIS REPORT Victorian Cricket Association (“the company”) is a public company, limited by guarantee, incorporated in Australia and operating in Australia. The company and controlled entities registered office and its principal place of business is as follows: CitiPower Centre Junction Oval 1 Lakeside Drive ST KILDA VIC 3182 The financial statements of the consolidated entity (‘the Group”) consist of the Victorian Cricket Association and its controlled entities. The financial report was authorised for issue by the Board of Directors on 30 July 2018. 1. BASIS OF PREPARATION STATEMENT OF COMPLIANCE These financial statements are special purpose financial statements which have been prepared in accordance with Australian Accounting Standards. These financial statements comprise the consolidated financial statements of the Group. For the purposes of preparing the consolidated financial statements, the Company is a not-for-profit entity. The financial report has been prepared in accordance with the Corporations Act 2001, the recognition and measurement requirements specified by all Australian Accounting Standards and Interpretations, and the disclosure requirements of Accounting Standards AASB 101 ‘Presentation of Financial Statements’, AASB 107 ‘Cash Flow Statements’, AASB 108 ‘Accounting Policies, Changes in Accounting Estimates and Errors’ and AASB 1054 ‘Australian Additional Disclosures’. 2. ADOPTION OF NEW AND REVISED ACCOUNTING STANDARDS 2.1 NEW AND REVISED AASBS AFFECTING AMOUNTS REPORTED AND/OR DISCLOSURES IN THE FINANCIAL STATEMENTS The Directors have reviewed the new or revised AASB’s issued by the Australian Accounting Standards Board (AASB) that are mandatorily effective for an accounting period that begins on or after 1 January 2016. There are no new standards or revisions that affect any amounts recognised in the current period or any prior period and are not likely to affect future periods. 2.2 STANDARDS AND INTERPRETATIONS ON ISSUE NOT YET ADOPTED At the date of authorisation of the financial statements, the Standards and Interpretations listed below were on issue but not yet effective. Standard/ Interpretation

Expected date of adoption

Nature of change

Impact

Date of adoption

AASB 9 Financial Instruments

AASB 9 address the classification, measurement and derecognition of financial assets and financial liabilities, introduces new rules for hedge accounting and a new impairment model for financial assets.

The Company does not expect the new standard to have a significant impact on the classification and measurement of its financial assets and liabilities

Must be applied for financial years commencing on or after 1 January 2018.

1 July 2018

AASB 15 Revenue from Contracts with Customers

The AASB has issued a new standard for the recognition of revenue. This will replace AASB 118 which covers revenue arising from the sale of goods and the rendering of services and AASB 111 which covers construction contracts. The new standard is based on the principle that revenue is recognised when control of a good or service transfers to a customer. The standard permits either a full retrospective or a modified retrospective approach for the adoption.

Management is currently undertaking assessment of the impact of the new rules. At this stage the effect on the financial statements has not yet been determined.

Mandatory for financial years commencing on or after 1 January 2019.

1 July 2019

AASB 16 Leases

Under the new standard, an asset (the right to use the leased item) and a financial liability to pay rentals are recognised. The only exceptions are short-term and low-value leases.

The standard will affect primarily the accounting for the Company’s operating leases.

Mandatory for financial years commencing on or after 1 January 2019.

1 July 2019

ANNUAL REPORT 2017-18 | 33


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 3. SIGNIFICANT ACCOUNTING POLICIES

PRINCIPLES OF CONSOLIDATION

FINANCIAL REPORTING FRAMEWORK

The consolidated financial statements incorporate the financial statements of the company and entities controlled by the company (its subsidiaries) (referred to as ‘the Group’ in these financial statements). Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The Group is not a reporting entity because in the opinion of the directors there are unlikely to exist users of the financial report who are unable to command the preparation of reports tailored so as to satisfy specifically all of their information needs. Accordingly, the ‘special purpose financial report’ has been prepared to satisfy the directors’ reporting requirements under the Corporations Act 2001. For the purposes of preparing the special purpose financial statements, the Group is a not-for-profit entity. Historical cost convention The financial report has been prepared on the basis of historical cost, except for the revaluation of certain non-current assets and financial instruments. Cost is based on the fair values of the consideration given in exchange for assets. All amounts are presented in Australian dollars. Key estimates and judgements In the application of the Group’s accounting policies, which are described below, the directors are required to make judgements, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The areas involving a higher degree of judgement or complexity, or where assumptions and estimates are significant to the financial statements, are described below: Note 8 - Valuation of Investment Properties Note 9 - Plant & Equipment Income tax No provision for income tax has been raised as the Group is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.

34 | CRICKET VICTORIA

All inter-company balances and transactions between entities in the consolidated entity, including any unrealised profits or losses, have been eliminated on consolidation. Where consolidated entities have entered or left the consolidated entity during the year, their operating results have been included from the date control was obtained or until the date control ceased. Goods and services tax Revenues, expenses and assets are recognised net of the amount of goods and services tax (GST), except: i. where the amount of GST incurred is not recoverable from the taxation authority, it is recognised as part of the cost of acquisition of an asset or as part of an item of expense; or ii. for receivables and payables which are recognised inclusive of GST. The net amount of GST recoverable from, or payable to, the taxation authority is included as part of receivables or payables. Cash flows are included in the cash flow statement on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to the taxation authority, are presented as operating cash flows.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2018 $

2017 $

27,934,373

24,639,662

Gifted Assets (Junction Oval Stands)

2,443,800

-

Gain on revaluation of Investment Properties

4,340,000

-

Grants

1,820,489

13,721,391

Revenue from cricket matches

4,753,630

4,511,716

Sponsorship

5,671,792

5,313,516

Interest income

154,426

494,614

Rent

374,486

333,658

Registrations

882,013

881,363

4. Revenue and other income Revenue from Cricket Australia

Unrealised gain on revaluation of managed funds

405,331

504,057

Profit on Sale of Assets

8,417,372

38,804

Other revenue

2,358,013

1,700,271

59,555,725

52,139,052

ACCOUNTING POLICIES Revenue is measured at the fair value of the consideration received or receivable.

Revenue from Cricket Australia Revenue from Cricket Australia is generated via contributions from Cricket Australia to support the management of operations of the business, state teams & BBL teams. All revenue from Cricket Australia received throughout the year is recognised in the period in which it specifically relate. Revenue from Cricket matches Revenue from cricket is generated via proceeds from ticket sales, memberships, merchandise and hospitality to T20 Big Bash League matches and domestic state team matches. All revenue from cricket received throughout the year is recognised in the period for which it specifically relate. Interest revenue Interest revenue is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset’s net carrying amount. Grant revenue Grants and other contributions are recognised when the Group obtains control of the contribution or right to receive the contribution and it is probable that the economic benefits comprising the contributions will flow to the Group. Sponsorship revenue Sponsorship revenue is recognised when the right to receive the revenue has been established. Other revenue Revenue is recognised when the right to receive the revenue has been established.

5. Profit or (loss) for the year Profit or (loss) for the year has been arrived at after charging the following items to expense:

Bad and doubtful debt expense / (Recovered)

2018 $

2017 $

305

7,587


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2018 $

2017 $

1,207,847

466,285

(90,728)

(74,792)

1,117,119

391,493

266,932

185,254

Premier Club loans

34,500

33,000

Other receivables

14,785

16,399

1,433,336

626,146

50,000

86,000

6. Trade and other receivables Current Trade receivables Less provision for impairment

Accrued income

Non-current Premier Club loans Current & Non Current Loans outstanding to Premier Cricket Clubs as at 30 June 2018 is $84,500 (2017: $119,000). There were no new loans made to Clubs in 2018. ACCOUNTING POLICIES Receivables are initially recognised at invoice value (fair value) and due to their short term nature the carrying amount is considered to be the same as their fair value. An estimate for doubtful debts is made when collection of the full amount is no longer probable.

Accrued income Revenue is recognised on an accrual basis in accordance with the substance of the relevant agreements.

2018 $

2017 $

3,439,230

4,970,235

7. Other financial assets Managed funds at fair value

ACCOUNTING POLICIES Investments are recognised and derecognised on trade date where the purchase or sale of an investment is under a contract whose terms require delivery of the investment within the timeframe established by the market concerned, and are initially measured at fair value, net of transaction costs except for those financial assets classified as at fair value through profit or loss which are initially measured at fair value.

Financial assets at fair value through profit or loss Financial assets are classified as financial assets at fair value through profit or loss where the financial asset: (i) has been acquired principally for the purpose of selling in the near future; (ii) is a part of an identified portfolio of financial instruments that the company manages together and has a recent actual pattern of short-term profit-taking; or (iii) is a derivative that is not designated and effective as a hedging instrument.

36 | CRICKET VICTORIA


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Financial assets at fair value through profit or loss are stated at fair value, with any resultant gain or loss recognised in profit or loss. The net gain or loss recognised in profit or loss incorporates any dividend or interest earned on the financial asset. Fair value is determined in the manner described below. The fair values of financial assets measured at fair value are determined as follows: i) the fair value of financial assets with standard terms and conditions and traded on active liquid markets are determined with reference to quoted market prices; ii) the fair value of other financial assets (excluding derivative instruments) are determined in accordance with generally accepted pricing models based on discounted cash flow analysis. 2018 $

2017 $

10,625,000

6,285,000

8. Investment property At Independant valuation (2017: Directors valuation)

ACCOUNTING POLICIES Investment property, which is property held to earn rentals and/or for capital appreciation, is measured initially at its cost, including transaction costs. Subsequent to initial recognition, investment property is measured at fair value. Gains or losses arising from changes in the fair value of investment property are included in profit or loss in the period in which they arise. The group obtains independent valuations for its investment properties at least every three years. At the end of each reporting period, the directors update their assessment of the fair value of each property, taking into account the most recent independent valuations. The directors determine a property’s value within a range of reasonable fair value estimates. The best evidence of fair value is current prices in an active market for similar properties. Where such information is not available the directors consider information from a variety of sources including: • current prices in an active market for properties of different nature or recent prices of similar properties in less active markets, adjusted to reflect those differences • capitalised income projections based upon a property’s estimated net market income, and a capitalisation rate derived from an analysis of market evidence. 9. Property, plant and equipment Freehold land at cost $

Buildings at cost* $

Plant and equipment at cost $

Motor vehicles at cost $

Total $

4,457,182

20,610,435

2,984,284

425,117

28,477,018

-

-

(2,622,824)

(163,251)

(2,786,075)

4,457,182

20,610,435

361,460

261,866

25,690,943

4,457,182

20,610,435

361,460

261,866

25,690,943

-

19,255,586

5,856,112

24,000

25,135,698

Disposals

-

(6,750,000)

(131,469)

(7,407)

(6,888,876)

Depreciation expense

-

(209,020)

(239,002)

(80,803)

(528,825)

4,457,182

32,907,001

5,847,101

197,656

43,408,940

2017 Gross carrying value Accumulated depreciation

2018 Carrying value at the beginning of the year Additions

*Included within buildings in 2017 were “Projects in Progress” of $18,295,362 that related to the Junction Oval Development. These were capitalised in 2018 on completion of the Junction Oval redevelopment. ANNUAL REPORT 2017-18 | 37


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ACCOUNTING POLICIES Property, plant and equipment, is initially recorded at cost and then reduced by accumulated depreciation and any impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the item. In the event that settlement of all or part of the purchase consideration is deferred, cost is determined by discounting the amounts payable in the future to their present value as at the date of acquisition. Plant and equipment is depreciated so that the assets are written down to their residual value over their useful lives, using a straight line method. Assets that relate to leases are written off over the period of the lease or useful life, whichever is shorter. Residual values, useful lives and amortisation methods are reviewed annually and adjusted when required. No changes to depreciation rates were made this year. If applicable, Leasehold improvements are depreciated over the period of the lease or estimated useful life, whichever is the shorter, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each annual reporting period, with the effect of any changes recognised on a prospective basis. Depreciation expense is recorded in the statement of profit or loss and other comprehensive income. The following useful lives are used in the calculation of depreciation: Buildings Plant and equipment Motor vehicles

5 - 50 years 2 - 30 years 5 - 7 years

Derecognition and disposal When an asset is sold, scrapped or no longer of use to the business it is derecognised. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net proceeds and the carrying amount of the asset) is recorded in the period the asset is derecognised in the statement of profit or loss and other comprehensive income.

2018 $

2017 $

905,841

761,588

4,024,771

2,039,366

4,930,612

2,800,954

10. Trade and other payables Trade payables Sundry creditors and accruals

ACCOUNTING POLICIES Trade payables and other accounts payable are recognised when the group becomes obliged to make future payments resulting from the purchase of goods and services.

38 | CRICKET VICTORIA


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2018 $

2017 $

125,000

275,000

1,244,230

1,283,159

1,369,230

1,558,159

Provisions - Premier Cricket Infrastructure Fund

230,000

375,000

Employee benefits

571,820

454,939

801,820

829,939

11. Provisions Current Provisions - Premier Cricket Infrastructure Fund Employee benefits

Non-current

In 2018, $145,000 in total was paid to Premier Cricket Clubs (Dandenong, Prahran, Plenty Valley & Ringwood) from the Premier Cricket Infrastructure Fund for various infrastructure projects. ACCOUNTING POLICIES Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that the Group will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably. Employee Benefits A liability is recognised for benefits accruing to employees in respect of wages and salaries, annual leave and long service leave when it is probable that settlement will be required and they are capable of being measured reliably. Liabilities recognised in respect of employee benefits expected to be settled within 12 months are measured at their nominal values using the remuneration rate expected to apply at the time of settlement. Liabilities recognised in respect of employee benefits which are not expected to be settled within 12 months are measured as the present value of the estimated future cash outflows to be made by the Group in respect of services provided by employees up to the reporting date.

2018 $

2017 $

197,500

382,382

12. Other liabilities Income received in advance 13. Financing facilities The parent entity has an overdraft facility of $200,000 of which the unused portion at reporting date is $200,000. The company has provided bank guarantees to the value of $260,000 as part of the Victorian Cricket and Community Centre development at Junction Oval. These may be called upon on in the event that we breach our contractual obligations.

ANNUAL REPORT 2017-18 | 39


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 14. Reserves The asset revaluation reserve arises on the revaluation of the land and buildings. Where revalued land or buildings is sold, that portion of the asset revaluation reserve which relates to that asset, is realised, and is transferred directly to retained earnings.

2018 $

2017 $

Not longer than 1 year

348,212

200,351

Longer than 1 year and not longer than 5 years

880,480

658,591

16,803,501

17,017,254

18,032,194

17,876,196

Not longer than 1 year

-

-

Longer than 1 year and not longer than 5 years

-

-

Longer than 5 years

-

-

-

-

15. Commitments for operating expenditure Non-cancellable operating lease payments

Greater than 5 years

Operating lease payments are payments for lease of Junction Oval and office lease

Finance lease payments

ACCOUNTING POLICIES Leases are classified as finance leases when the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the leased asset to the lessee. All other leases are classified as operating leases. Company as lessee Assets held under finance leases are initially recognised at their fair value or, if lower, at amounts equal to the present value of the minimum lease payments, each determined at the inception of the lease. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are charged directly against income, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Group’s general policy on borrowing costs. Contingent rentals are recognised as expenses in the periods in which they are incurred. Operating lease payments are recognised as an expense on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period in which they are incurred. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Liabilities recognised in respect of employee benefits which are not expected to be settled within 12 months are measured as the present value of the estimated future cash outflows to be made by the Group in respect of services provided by employees up to the reporting date.

40 | CRICKET VICTORIA


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2018 $

2017 $

Cash on hand

16

397

Cash at bank

20,413,375

25,361,907

20,413,391

25,362,304

16. Cash and cash equivalents

ACCOUNTING POLICIES For the purposes of the statement of cash flows, cash and cash equivalents includes cash on hand and in banks and investments in money market instruments, net of outstanding bank overdrafts. Cash and cash equivalents at the end of the financial year as shown in the cash flow statement is reconciled to the related items in the statement of financial position. (b) Reconciliation of profit or (loss) for the year to net cash flows from operating activities Profit or (loss) for the year

14,619,536

(Gain)/loss on sale or disposal of non-current assets

(8,417,372)

38,804

528,825

220,697

(405,331)

(504,057)

(4,340,000)

-

36,995

38,520

305

7,587

(2,443,800)

-

(771,496)

7,397

2,004

15,448

1,899,342

-

Trade and other payables

2,154,490

567,438

Provisions for employee benefits

(572,049)

194,370

355,000

650,000

Income in advance

(184,882)

(103,907)

Net cash provided by operating activities

2,461,566

14,902,446

Depreciation expense Unrealised (gain)/loss on revaluation of managed funds Unrealised (gain)/loss on revaluation of investment properties Investment fees on managed funds Bad and doubtful debt expense / (recovered) Gifted assets (Junction Oval Stands)

13,770,149

Movement in working capital (Increase)/decrease in assets: Trade and other receivables Other assets Managed funds

Increase/(decrease) in liabilities:

Provisions - General

ANNUAL REPORT 2017-18 | 41


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2018 $

2017 $

Current assets

19,054,152

25,879,713

Total assets

73,138,092

57,941,656

17. Parent Entity

Current liabilities

(5,358,212)

(3,618,164)

Total liabilities

(6,505,023)

(4,902,978)

Net assets

66,633,069

53,038,678

Accumulated surplus

66,633,069

53,038,678

Profit of Parent Entity

13,594,391

11,501,978

Total Comprehensive Income of Parent Entity

13,594,391

11,501,978

2018 ownership

2017 ownership

Investment in subsidiaries Name Melbourne Stars Ltd

100%

100%

Melbourne Renegades Pty Ltd

100%

100%

18. Contingent liabilities Contribution to Player Payment Pool: The company, along with the other State Associations, is negotiating an arrangement with Cricket Australia (“CA”) whereby any Australian Cricket Revenue (“ACR”) earned by the company over and above an agreed Baseline figure during the five-year period to 30 June 2022 will attract a surcharge payable to the Player Payment Pool held by CA. The surcharge, if any, is likely to be at the rate of 26% (TBC) of the difference between Actual ACR and Baseline ACR over the five-year period to 30 June 2022. As at the date of this report due to the arrangement with CA not being finalised, it is not possible to estimate the liability, if any, which will be due to CA after 30 June 2022. Consequently, Any surcharge payable is likely to be due to CA after 30 June 2022.

19. Related party transactions Cricket Victoria entered into an agreement with The Bowlogist Pty Ltd, associated with Mr Damien Fleming, a previous director of the Melbourne Stars (resigned 14 May 2018), to supply Event Hosting under normal commercial terms & conditions. The amount paid for the year end 30 June 2018 was $6,000 (2017: Nil)

20. Economic dependency A significant amount of the Victorian Cricket Association’s revenue is received through contributions from Cricket Australia. Cricket Australia has contractually committed to a one year extension of the minimum guarantee funding agreement with Cricket Victoria, whilst the next 4 year agreement is finalised through 2018/19. Cricket Victoria does not anticipate that the future funding model will have an adverse impact on the Group.

21. Subsequent events There has not been any matter or circumstance occurring subsequent to the end of the financial year that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations, or the state of affairs of the company in future financial years.

2018 $

2017 $

Audit of the financial report

48,500

44,000

Other non audit services

13,260

11,200

61,760

55,200

22. Remuneration of auditors

The auditor of the Victorian Cricket Association is PricewaterhouseCoopers (2017: PricewaterhouseCoopers) 42 | CRICKET VICTORIA


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CitiPower, proud supporter of Cricket Victoria

CitiPower owns and operates a 157 square kilometre electricity distribution network. It provides electricity for approximately 330,000 customers in Melbourne’s CBD and inner suburbs, including the CitiPower Centre.

Visit www.citipower.com.au to learn more. ANNUAL REPORT 2017-18 | 43


CitiPower Centre - Junction Oval Lakeside Drive, St Kilda VIC 3182 T: 03 9085 4000 | F: 03 9085 4001 W: cricketvictoria.com.au | E: vca@cricketvictoria.com.au

Profile for Cricket Victoria

Cricket Victoria Annual Report 2017-18  

Cricket Victoria Annual Report 2017-18