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2 | CRICKET VICTORIA


ANNUAL REPORT 2015-16 | 3


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Delegates 2015-16

Victorian Premier Cricket Administration Managers 2015-16

Club

Delegate

Alternate Delegate

Club

Manager

Camberwell Magpies

Dr Rick Pearson

Barry Russ

Box Hill

Robyn Calder

Carlton

John Douglas

Brian McKenna

Brighton District

Georgie Dwyer

Casey-South Melb

Ross Hibbins

Matthew Hawking

Camberwell Magpies

Barry Russ

Dandenong

Michael Findlay

Brendan McArdle

Carlton

John McConville

Essendon

Simon Tobin

Mike Walsh

Casey-South Melb

Jason Gwilt

Fitzroy Doncaster

Graeme Cook

Leigh Watts

Coburg

Vicki Brown

Footscray Edgewater

Geoff Collinson

Jeff Russ

Dandenong

Liz Williamson

Frankston Peninsula

Dennis Prendergast

Glenn Davey

Dandenong Women’s

Shelly Hart

Geelong

Peter McCoombe

Adam di Giacamo

Essendon

David Pisani

Greenvale Kangaroos

Bruce Kent

Ken Hutchinson

Essendon Maribyrnong Park

Lisa Gale

Kingston-Hawthorn

Petar Ivetic

Brett Sebire

Fitzroy Doncaster

Alice Barrow

Melbourne

David Crow

Michael Sholly

Footscray Edgewater

Lorey Bentley

Melbourne Uni

Derek Bennett

Peter Anderson

Frankston Peninsula

Joanne Davey

Monash Tigers

Ken Sharp

Jim Higgs

Geelong

David Barnes

Northcote

Mark Sundberg

Grant Gardiner

Greenvale Kangaroos

Ken Hutchinson

Prahran

John Raglus

David Jones

Kingston-Hawthorn

John Noonan

Ringwood

John Cassidy

Mark Freeman

Melbourne

Steven McCooke

St Kilda

Paul Meddings

Tim O’Sullivan

Melbourne Uni

Emma Inglis

VCCL

Warren Riches

Keith Thompson

Melton

Ivanka Gale

VMCU

Mark Keating

Rod Patterson

Monash Tigers

Peter Wells

VSDCA

Jack Sheehan

Dr Geoff Hart

Napoleons-Sebastopol

Sara Cavanagh

VSDCA

Phil O’Meara

Geoff Richardson

Northcote

Michael Westland

Women’s Premier Panel

Rachel Derham

Plenty Valley

Dianne Herman

Prahran

Kevan Carroll

Ringwood

John Cassidy

St Kilda

Steve Wain

Affilated Bodies Secretaries/Administration Managers 2015-16 VCCL Sec

Keith Thompson

VCCL AM

Michael Atkins

VMCU AM

Rodney Patterson

VSDCA

Ken Hilton

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Directors

Game & Market Development

Russell Thomas Chairman

Claudia Fatone

Rohan O’Neill General Manager

Duncan Harrison

Paul Jackson Deputy Chairman

Dr Michael King

Darren Anderson

Annie Hateley

Paul Barker

David Maddocks

Ryan Batchelder

Bethany Hedgcock

Tim Considine

Trevor O’Hoy

Joshua Beaumont

Vanessa Lewicki

Sue Crow

Geoff Tamblyn OAM Outgoing Chairman

Peter Binns

Salim Mahazi*

Darren Driscoll

Paul Montgomery

Patron

Emma Gallagher

Waddington Mwayenga

Malcolm Gray AM

Erini Gianakopoulos

Mike Ronchi

Chris Gorrie

Emma Staples

Neil Gray

Scott Tutton

Ross Gregory

Andrew Warrick

Chris Harris

Aaron Wharton

Executive Office Tony Dodemaide Chief Executive Officer Christina Burnham

Cricket Operations Shaun Graf General Manager

Elaine Parish

Rebecca Barker

Richard Patterson

David Hemp

David Saker

Jarrad Loughman

Lachlan Stevens

Andrew Lynch

Ryan Webster

Tim McCaskill

Craig White

Business & Advisory Services Michael Bullock Chief Operating Officer

Human Resources & Administration Kerrie Schoeffel Manager

Olivia Franco

Danielle Feild

Game & Market Development – Regional Cricket Managers Julie Allan

Adrian Jones

Stuart Clark

Shane Koop

Di Day

Jason Mathers

Ben De Araugo

Rhys Miller

Stephen Field

Daniel Trevillian

Paul Gilchrist

Campbell Waring

David Hall

Rob Wood

Tom Huf

Stuart Wilson

Melbourne Renegades Stuart Coventry Chief Executive Officer

Tiffany Hanna*

Jess Gamble

Hamish Jones

Chris Gergely

Finance Jason Abbruzzese Financial Controller

Jorge Lopes

Michelle Bowman*

Kathryn Payne

Andrew Clyne

Darren Sacks*

Simona Kebakovski*

Lauren Trevenen

Melbourne Stars Clint Cooper Chief Executive Officer

Natasha Kiwi

Sarah Carpinteri

Baylee Knight*

Nathan Copey

Cassandra O’Brien

Megan Keating

Information Technology Rebecca Brown Manager

Grant Godwin

Alyce Chiodo

Marketing, Commercial & Communications Dylan Atkinson

Mark Sinclair

David Lever

Monique Smoors

Ben Osborn

Lauren Turner*

Jonathon Rundell

Brad van Delft

Emily Ryan

Tim Whittaker

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Name

Qualifications

Experience

Special Responsibilities

Mr P Barker

Company Director

1 year

Audit & Risk Committee

Mr T Considine

Company Director

4 years

Audit & Risk Committee, Premier Cricket Strategy Committee, Melbourne Metropolitan Turf Taskforce

Ms SD Crow

Senior Manager

9 years

Chair Females in Cricket Reference Group, VICAC Representative

Ms C Fatone

Executive Officer

5 years

Females in Cricket Reference Group, Chair Development Committee, Premier Cricket Strategy, Melbourne Metropolitan Turf Taskforce

Mr PW Jackson

Bank Executive, Former State Player

9 years

Deputy Chairman Cricket Victoria Board, Chairman Audit & Risk Committee, Remuneration Committee, Director Melbourne Renegades, Chairman Premier Cricket Strategy

Mr M King

Managing Director

1 year

Females in Cricket Reference Group

Mr D Maddocks

Lawyer

2 year

Audit & Risk Committee, Premier Cricket Strategy

Mr TL O’Hoy

Company Director

8 years

Remuneration Committee, Director Melbourne Stars

Mr RW Thomas

Company Director

7 years

Chairman Cricket Victoria Board (appointed Chairman 7 September 2015), Chairman Remuneration Committee (appointed Chairman 7 September 2015), Chairman Melbourne Metropolitan Turf Taskforce

Mr GL Tamblyn OAM (resigned 31 August 2015)

Company Director

22 years

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Director

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Director Meetings Held

Attended

Mr P Barker*

8

8

Mr T Considine

10

9

Ms SD Crow

10

8

Ms C Fatone

10

9

Mr PW Jackson

10

9

Dr M King*

8

7

Mr D Maddocks

10

8

Mr TL O’Hoy

10

7

Mr GL Tamblyn OAM^

1

1

Mr RW Thomas

10

10


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Notes

2016 $

2015 $

4

55,629,223

33,014,161

Employee benefits expense

(16,872,886)

(14,674,662)

Consultants expense

(1,727,328)

(2,345,278)

Depreciation expense

(273,006)

(217,615)

State cricket match expenses

(3,698,367)

(2,938,079)

Travel, catering and corporate hospitality

(3,015,473)

(3,117,004)

Communication and printing

(282,524)

(385,371)

Repairs, hire and equipment

(1,000,893)

(686,508)

Awards, promotion and advertising

(1,563,326)

(1,759,057)

Other expenses

(1,822,310)

(3,198,219)

5

25,373,110

3,692,368

3(g)

-

-

Grants to associated bodies

(2,099,289)

(2,230,463)

Profit for the financial year

23,273,821

1,461,905

-

1,228,425

23,273,821

2,690,330

Continuing operations Revenue

Profit before tax and grants to associated bodies Income tax expense

Other comprehensive income – revaluation of land and buildings Total comprehensive income for the year

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Notes

2016 $

2015 $

Cash and cash equivalents

19(a)

26,371,388

5,638,624

Trade and other receivables

7

727,129

1,500,858

Other financial assets

8

4,504,699

4,558,069

Other assets

9

72,897

68,451

31,676,113

11,766,002

-

32,999

Current assets

Total current assets Non-current assets Trade and other receivables

7

Investment property

10

6,285,000

6,285,000

Property, plant and equipment

11

10,045,216

7,524,097

Total non-current assets

16,330,216

13,842,096

Total assets

48,006,329

25,608,098

Current liabilities Trade and other payables

12

2,233,516

3,102,738

Provisions

13

1,131,559

877,677

Other liabilities

14

486,289

614,339

Borrowings

15

6,301

50,805

3,857,665

4,645,559

412,170

493,565

Total current liabilities Non-current liabilities Provisions

13

Borrowings

15

-

6,301

412,170

499,866

Total liabilities

4,269,835

5,145,425

Net assets

43,736,494

20,462,673

Total non-current liabilities

Equity 4,024,021

6,024,021

Retained earnings

Reserves

17

39,712,473

14,438,652

Total equity

43,736,494

20,462,673

ANNUAL REPORT 2015-16 | 67


Retained earnings $

Asset revaluation reserve $

Development reserve $

Total $

Balance at 1 July 2014

12,976,747

2,795,596

2,000,000

17,772,343

Profit for the year

1,461,905

-

-

1,461,905

Other comprehensive income for the year

-

1,228,425

-

1,228,425

Total comprehensive income for the year

1,461,905

1,228,425

-

2,690,330

-

-

-

-

Balance at 30 June 2015

14,438,652

4,024,021

2,000,000

20,462,673

Balance at 1 July 2015

14,438,652

4,024,021

2,000,000

20,462,673

Profit for the year

23,273,821

-

-

23,273,821

Transfer to/(from) reserves

Other comprehensive income for the year

-

-

-

-

Total comprehensive income for the year

23,273,821

-

-

23,273,821

Transfer to/(from) reserves

2,000,000

-

(2,000,000)

-

39,712,473

4,024,021

-

43,736,494

Balance at 30 June 2016

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2016 $

2015 $

Receipt of grants for VCCC

23,100,000

-

Receipts from customers

38,586,677

34,151,534

(38,413,085)

(32,538,274)

347,545

16,261

23,621,137

1,629,521

(2,872,023)

(205,316)

34,455

-

(2,837,568)

(205,316)

Repayment of borrowings

(50,805)

(83,581)

Net cash provided by financing activities

(50,805)

(83,581)

Notes Cash flows from operating activities

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

19(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

Net increase/(decrease) in cash and cash equivalents

20,732,764

1,340,624

Cash and cash equivalents at the beginning of the year

5,638,624

4,298,000

26,371,388

5,638,624

Cash and cash equivalents at the end of the year

19(a)

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Effective for annual reporting periods beginning on or after

Expected to be initially applied in the financial year ending

AASB 9 ‘Financial Instruments’, and the relevant amending standards.

1 January 2017

30 June 2018

AASB 2014-4 Amendments to Australian Accounting Standards – Clarification of acceptable methods of depreciation and amortisation

1 January 2016

30 June 2017

AASB 15 Revenue from contracts with customers

1 January 2017

30 June 2018

AASB 2015-6 Amendments to Australian Accounting Standards – Extending Related Party Disclosures to Not-for-Profit Public Sector Entities

1 July 2016

30 June 2017

AASB 16 Leases

1 July 2019

30 June 2020

Standard/Interpretation

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2016 $

2015 $

Revenue from Cricket Australia

23,780,836

21,821,003

Revenue from cricket matches

2,972,255

2,364,309

4. Revenue

Interest income

361,798

16,261

Rent

376,622

342,759

Registrations

1,123,838

1,386,695

Grants

21,930,145

970,596

Sponsorship

3,594,253

3,097,793

(42,635)

512,654

-

1,310,000

1,532,111

1,192,091

55,629,223

33,014,161

Unrealised gain/(loss) on revaluation of managed funds Gain on revaluation of investment property Other revenue

5. Profit or (loss) for the year Profit or (loss) for the year has been arrived at after charging the following items of expense: Bad and doubtful debt expense / (Recovered)

(278,143)

895,015

Audit of the financial report

42,000

40,000

Other non-audit services

27,013

-

69,013

40,000

6. Remuneration of auditors

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2016 $

2015 $

Trade receivables

623,697

1,822,869

Less provision for impairment

(80,792)

(405,349)

542,905

1,417,520

Accrued income

171,607

63,209

Other receivables

12,617

20,129

727,129

1,500,858

-

32,999

4,504,699

4,558,069

72,897

68,451

6,285,000

6,285,000

7. Trade and other receivables Current

Non-current Other receivables

8. Other financial assets Managed funds at fair value through profit or loss

9. Other assets Prepayments

10. Investment property At Directors’ valuation (2015: Independent valuation)

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11. Property, plant and equipment Freehold land at fair value $

Buildings at fair value $

Plant and equipment at cost $

Motor vehicles at cost $

Total $

4,457,182

2,316,132

2,823,895

289,097

9,886,306

-

-

(2,232,573)

(129,636)

(2,362,209)

4,457,182

2,316,132

591,322

159,461

7,524,097

2015 Gross carrying value Accumulated depreciation

2016 4,457,182

2,316,132

591,322

159,461

7,524,097

Additions

Carrying value at the beginning of the year

-

2,643,036

176,055

52,932

2,872,023

Disposals

-

-

(34,955)

(42,943)

(77,898)

Depreciation expense

-

-

(232,146)

(40,860)

(273,006)

4,457,182

4,959,168

500,276

128,590

10,045,216

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

104,117

1,016,930

2,129,399

2,085,808

2,233,516

3,102,738

1,131,559

877,677

412,170

493,565

13. Provisions Current Employee benefits

Non-current Employee benefits

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2016 $

2015 $

486,289

614,339

6,301

50,805

-

6,301

14. Other liabilities Income received in advance

15. Borrowings Current Finance lease liability

Non-current Finance lease liability

18. Commitments for expenditure Non-cancellable operating lease payments Not longer than 1 year

179,150

37,350

Longer than 1 year and not longer than 5 years

648,145

76,550

Greater than 5 years

17,588,962

-

18,416,257

113,900

6,301

50,805

-

6,301

6,301

57,106

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

Finance lease payments Not longer than 1 year Longer than 1 year and not longer than 5 years

Finance lease payments are payments for motor vehicles

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2016 $

2015 $

Cash on hand

1,176

694

Cash at bank

26,370,212

5,637,930

26,371,388

5,638,624

(b) Reconciliation of profit or (loss) for the year to net cash flows from operating activities Profit or (loss) for the year

23,273,821

1,461,905

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

42,588

-

Depreciation expense

273,006

217,615

Unrealised (gain)/loss on revaluation of managed funds

42,635

(1,368,067)

-

(1,310,000)

35,735

111,084

(278,143)

895,015

1,084,871

(124,398)

(4,446)

631,624

(893,367)

1,345,668

172,487

(18,499)

(128,050)

(212,426)

23,621,137

1,629,521

Unrealised (gain)/loss on revaluation of investment properties Investment fees on managed funds Bad and doubtful debt expense / (recovered)

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

Increase/(decrease) in liabilities: Trade and other payables Provisions for employee benefits Income in advance Net cash provided by /(used in) operating activities

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2016 $

2015 $

Current assets

29,097,031

11,213,831

Total assets

45,427,247

24,515,371

20. Parent Entity

Current liabilities

(2,980,452)

(4,175,300)

Total liabilities

(3,890,547)

(4,703,864)

Net assets

41,536,700

19,811,507

Accumulated surplus

41,536,700

19,811,507

Profit of Parent Entity

21,685,195

890,936

Total Comprehensive Income of Parent Entity

21,685,195

2,119,361

2016 ownership

2015 ownership

Melbourne Stars Ltd

100%

100%

Melbourne Renegades Pty Ltd

100%

100%

Investment in subsidiaries Name

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GOVERNMENT PARTNERS


Cricket Victoria Annual Report 2015-16