ANNUAL REPORT 2016-17
ALMOST $2MILLION RAISED FOR GRASSROOTS CRICKET CLUBS The 2016-17 Toyota Good for Cricket Raffle smashed fundraising records for six, with 393 grassroots clubs from from every state and territory around the country raising a massive total of $628, 690. This fantastic result means that since launching in 2012, the raffle has racked up almost $2million. Now that’s Good for Cricket! 100% of all proceeds go back to clubs, so they can invest on 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 & 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/cricket | 2
OFFICE BEARERS Delegates 2016-17
Victorian Premier Cricket Administration Managers 2016-17
Adam Di Giacamo
Essendon Maribyrnong Park
Dr Geoff Hart
Women’s Premier Panel
Women’s Premier Panel
Cricket Victoria Board Patron: Malcolm Gray AM Russell Thomas (Chairman)
Paul Jackson (Deputy Chairman)
Affilated Bodies Secretaries/Administration Managers 2016-17
Dr Michael King
Dr David Maddocks
Sue Crow (resigned 12 April 2017)
Trevor O’Hoy (resigned 21 October 2016)
ANNUAL REPORT 2016-17 | 3
CHAIRMAN’S REPORT To captain Matthew Wade and the wider Bushrangers
Led superbly by captain Ben Abbatangelo, the win
playing group who have delivered a sustained period
demonstrates the progress Victorian indigenous
of success over the last three seasons – you are a
cricketers are making on the national stage.
credit to your state. I also congratulate our Victorian Vikings team, led by The Commonwealth Bank VicSpirit narrowly missed a
captain Gavan Hicks on capturing the 2017 National
finals place in the Women’s National Cricket League
Cricket Inclusion Championships (NCIC) title in the
(WNCL) but the campaign included a superb highlight
Intellectual Disability division in Geelong. Hicks was
when captain Meg Lanning hit a record 190 runs from
also the top run scorer at the tournament.
153 deliveries against Tasmania, breaking her own domestic scoring record. The season also saw the retirement of veteran and former captain Sarah Elliott from Victoria after a distinguished career at state and national level.
The series of excellent team and individual performances by Victorians led to national selections,
It gives me great pleasure to write my second report
notably Peter Handscomb making his Test debut
as Chairman of Cricket Victoria on the back of a very
against South Africa in November and Jon Holland
successful year for the organisation and cricket in
making his Test debut against Sri Lanka in August.
this state more broadly. It is fantastic to see Peter is now a regular player in Pleasingly, we’ve delivered on and off field successes
the Test squad and we look forward to watching his
which will further strengthen our game for all
Victorians. A total of eight Victorians enjoyed national
The ongoing success of the KFC BBL and Rebel
Without question, the Commonwealth Bank Victorian
representation during the year with Meg Lanning,
WBBL again made our summer a feast of cricket
Bushrangers’ record-breaking third consecutive
Kristen Beams, Glenn Maxwell, Aaron Finch, James
fun for families with more than 300,000 fans of the
Sheffield Shield title was a significant milestone in
Pattinson and Matthew Wade joining Handscomb and
Melbourne Stars and Melbourne Renegades attending
the organisation’s history.
Holland in national colours.
league matches at the MCG and Etihad Stadium.
Set up by an outstanding first innings opening
A number of players made their Victorian debuts this
Nearly one million Australians tuned in each match
partnership of 224 between Marcus Harris and
season and I congratulate Sophie Molineux, Hayleigh
night to watch both Melbourne teams in action
Travis Dean, the team worked particularly hard over
Brennan, Alana King and Makinley Blows on their
proving that both clubs remain among the most
the course of the five days to leave South Australia
VicSpirit caps. For the Bushrangers, Will Pucovski,
watched and attended clubs on Australia’s sporting
chasing more than 500 runs on the final day, knowing
Evan Gulbis, Seb Gotch and Marcus Harris all made
a draw would clinch the title.
This result was borne out of a long season of hard
While on the subject of team success, I’d also like
the BBL semi-final and I know both clubs are on a
work, elite preparation and excellent management
to take this opportunity to applaud our Victorian
mission to bring the first BBL and WBBL trophies to
from Head Coach Andrew McDonald in his first
men’s indigenous cricket team who won the National
Melbourne next season.
season back in Victoria after replacing David Saker.
Indigenous Cricket Championship for the first time in
Congratulations to the Melbourne Stars on reaching
We also congratulate David on his move into the
February with an 18 run victory over rivals New South
I would like to thank Renegades Chairman Jason
Dunstall and Stars President Eddie McGuire and their fellow Directors and management for another terrific
Australian coaching ranks.
season which continues to make cricket a visible,
exciting sport for a wide range of new audiences.
Our future success will be driven by a mutual love of cricket
4 | CRICKET VICTORIA
In another thrilling season of Premier Cricket it was
the facilities at Ballarat’s Eastern Oval and develop
refine our work in all areas of our game to ensure we
Fitzroy-Doncaster who won back-to-back flags after
the facility into a regional cricket hub for the
have the strongest possible footprint in communities
defeating Melbourne in a pulsating final.
across the state.
I congratulate captain Peter Dickson and the Lions
Participation and the delivery of new facilities
I want to thank CEO Tony Dodemaide and his
players on their achievement – the first club to record
remains at the core of Cricket Victoria’s business and
staff, and my fellow Directors, for all their hard
consecutive flags in almost a decade.
the year delivered another set of pleasing results as
work over the last 12 months as well as all of our
we work to make cricket the number one sport of
representatives from our key affiliates the VSDCA, the
choice for Victorians.
VCCL and VMCU.
Total cricket participation across the state increased
The current landscape is a product of incredible
14.71% to 376,300 participants. Female, indoor
work across Victorian cricket and the upcoming year
Led by captain Briana Binch, the title capped an
and school cricket participation led our key growth
shapes as a momentous one as the organisation
excellent season for the Bombers.
areas while we need to continue to invest energy and
transitions to its new home at the Junction Oval.
Essendon-Maribyrnong Park ended Box Hill’s hopes of a Women’s Premier cricket four-peat with their first victory in the competition since 2012-13.
resources in growing the number of entry-level and In individual honours, I would also like to
I look forward to this exciting new chapter in our proud history and working with all of you towards our
congratulate 2017 Jack Ryder medalist Brendan Drew from the Camberwell Magpies Cricket Club and
Our participation work also remains a key area of
mutual aim of making cricket the leader in Victorian
Una Paisley medalist Hayley Jensen from Melbourne
interest for the corporate sector and Cricket Victoria
Cricket Club on their outstanding individual
was pleased to enter new commercial agreements
performances during the season.
this season with McDonalds and residential developer Stockland.
As a cricket community we toasted their successes at a fantastic Premier Cricket Awards night held at
Through the McDonalds ‘On Your Team’ program,
Crown Casino at the end of the season.
more than 1,000 new junior helmets were distributed to clubs across the state while Cricket Victoria’s new
Off the field, significant construction work continued
partnership with Stockland opened new doors to
on the Victorian Cricket and Community Centre
key growth and participation corridors in suburban
(VCCC). As the biggest project the organisation has
ever embarked on, the new building will act as an elite training and administration headquarters for the
While the last year has clearly been a successful one,
sport for the next 50 years with the capacity to host
it is important that we continue to work together and
ICC-sanctioned matches in the future. It will truly be a world-class venue. This significant work is testament to Cricket Victoria’s successful ongoing relationship with the Victorian Government on a range of key community infrastructure projects. The Victorian Government is providing $25 million in funding for the development of the VCCC in addition to $10 million in funding as part of Cricket Victoria’s On Common Ground program. In February, Cricket Victoria, Cricket Australia and the Victorian Government committed $500,000 through the On Common Ground program to upgrade
ANNUAL REPORT 2016-17 | 5
CEO’S REPORT Work is progressing to expectations at the time of writing, thanks to some favourable winter weather and excellent work from all concerned on site, with the transition to the centre due in early 2018. This project, and the separate $12.4 million Community Cricket Facilities Fund scheme delivering amazing benefits to cricket communities across the state, have been outstanding collaborations between Cricket Victoria, Cricket Australia and the Victorian Government. The belief and support of our closest partners has been crucial, and we look forward to delivering both
elite cricket and community outcomes in accordance
mantle of the highest participation state for cricket in
with their investments for many years to come.
A perfect start to the new era in St Kilda would be
With excellent growth (14.71% this year compared
The timing of this report allows reflection on some
the hosting of a Sheffield Shield Final next March, as
to only 0.98% in FY16) we have come exceptionally
wonderful achievements and progress on and off the
the Commonwealth Bank Bushrangers strive for an
close to achieving this with New South Wales
field over the past 12 months.
unprecedented fourth consecutive title!
(including ACT) still leading marginally on 27% of
This brings with it a feeling of anticipation and
A record-setting third title in a row (and fifth in nine
excitement as we look forward to a new era of
seasons) was achieved in Alice Springs in March,
Victorian cricket at a brand new home, and with
continuing an extraordinary demonstration of
Among the key drivers for this growth is the new
a renewed national and local strategic plan to be
resilience from the men’s squad over an extended
Growing Cricket for Girls Fund administered by
period in first-class cricket.
Cricket Australia. Victoria had the highest number of
The new home I refer to is the completion this
I add my congratulations to all on and off field staff
clubs across the Victorian community are determined
summer of the Victorian Cricket and Community
and players, and in particular to long-serving General
to ensure cricket is a welcoming, inclusive and
Centre (VCCC) at Junction Oval, the long-awaited
Manager of Cricket Operations Shaun Graf, the
friendly environment for women and girls.
facility to service, to a greater and deeper extent than
constant figure behind the scenes who played a major
ever before, our administrative, training and playing
hand in orchestrating these successes.
total Australian participation and Victoria increasing to 26%.
applicants of any state, demonstrating that a range of
Female cricket is a core focus for the business – from the grassroots through to the elite pathways.
requirements for the next 50 years at least. In addition to this on-field success, Victorians took
We are committed to ensuring everyone from local
out no less than four of the eight major individual
administrators through to elite players have the same
awards at the Allan Border Medal night in January –
opportunities to make a positive impact on the game.
an amazing achievement! In further participation initiatives, this year saw Special congratulations go to Meg Lanning for
the successful introduction of the Cricket Southern
winning both the Belinda Clark Medal (her third) and
Bayside competition. The feedback on this new
Female Domestic Player of the Year, Cameron White
venture has been positive and in May we released
for taking out the Men’s Domestic Player of the Year,
a community cricket blueprint which proposes the
and 18 year-old Sophie Molineux as Betty Wilson
transition towards a five Metropolitan zone model
Young Player of the Year.
for cricket that aims to improve cricket and better service the administration of the game at a local
We set ourselves a challenge last year to reclaim the
6 | CRICKET VICTORIA
The KFC BBL and Rebel WBBL maintained its
Most importantly, though, I would like to acknowledge
prominent position on the Australian summer
and thank the tireless work of our thousands of
schedule and Cricket Victoria is fortunate to have two
volunteers throughout Victorian cricket.
popular and high-profile teams which continue to deliver financial returns, and massive new interest, to
Put simply, your passion for the game, dedication and
hard work at all levels allows our wonderful game to thrive and prosper.
Both the Melbourne Stars and Melbourne Renegades continue to attract substantial new audiences to
Victorian cricket is in great shape by any measure.
cricket – both in attendance and TV viewership - and
There are many challenges before us and ahead of us,
I congratulate both clubs on their work in delivering
of course, and lively debate as to the best way for the
exciting cricket and family-friendly entertainment.
sport to evolve and change to meet those challenges.
In a business sense, it has been another strong year
However, as long as all stakeholders continue to
for the Cricket Victoria Group, delivering a normalized
stand on the common ground of wanting the best
surplus (ie after special grants of $12,800,000 for the
possible cricket future for the generations of players,
VCCC construction) of $970,149 ($2,273,821 in FY16).
volunteers and fans to come, we won’t go too far wrong.
This result is again higher than expected, and provides a very solid platform to complete the construction and manage the transition to a new operating base, whilst continuing to invest in the growth of our game in this state. Significant contributors to this result are our BBL subsidiaries, of course, as well as the many sponsors and partners acknowledged elsewhere in this report. Their ongoing support and partnerships are very much appreciated. Finally, the new era I referred to earlier will include a new face in the CEO’s office, as I will be stepping down next year following the completion of the season and VCCC project, and handing over to my successor. It has been a wonderful journey, and privilege, to be at the helm of Victorian cricket for over a decade, and I am extremely proud of the many and varied achievements and growth in that time. I thank all current and past Directors for their guidance and support, our delegates and member representatives, and also my fellow executives and staff members over the years, for their commitment and effort in striving to be Australia’s leading cricket state.
ANNUAL REPORT 2016-17 | 7
LV (LEN) MADDOCKS
MHN (MAX) WALKER AM
RD (ROSS) MACKENZIE
(MAY 24, 1926 - AUGUST 27, 2016)
(SEPTEMBER 12, 1948 - SEPTEMBER 28, 2016)
(OCTOBER 29, 1949 - MARCH 15, 2017)
Cricket Victoria Life Member and former Australian
Australian cricket icon Max Walker passed away aged
Cricket Victoria Life Member Ross MacKenzie passed
Test cricketer Len Maddocks passed away on August
68 on September 28, 2016.
aged 67 on March 15, 2017.
27, 2016. Born in Hobart, Mr Walker moved to Melbourne
Following his retirement as a player, Mr MacKenzie
Aged 90, Mr Maddocks was Australiaâ€™s oldest
originally in 1967 to pursue architectural studies and
became a fine administrator, serving Northcote as
surviving Test cricketer and a member of the
to play VFL football with the Melbourne Demons.
President, Vice-President, Secretary, Treasurer and
Victorian Team of the 20th Century.
committee member for many years. He joined Melbourne Cricket Club as a batsman, but
A former director of the VCA, the talented batsman-
his bowling took over and he made his first class
Mr MacKenzie was also a great contributor at Cricket
wicketkeeper played seven Tests for Australia
debut for Victoria in 1968-69 against Queensland and
Victoria, serving as a Delegate for 15 years and on
between 1954-55 and 1956 and 112 First Class
his Test debut in 1972-73 against Pakistan.
the CV Pennant Committee for 10 years. Already a life
Matches for Victoria and Tasmania.
member at Northcote, Mr MacKenzie was awarded Mr Walker took 6-15 in his second Test in Sydney,
Cricket Victoria Life Membership in 2014.
He managed the Australian cricket team on the 1977
earning him selection on the 1973 West Indies tour. In
tour of England.
a typically whole-hearted effort, he took a record 26
As a player, Mr MacKenzie was a handy lower-order
wickets in the Caribbean in the absence of the injured
bat and right-arm swing bowler.
Mr Maddocks joined his beloved North Melbourne
Cricket Club at the age of 16 and played 237 matches
In 94 VCA matches for Melbourne University and
over a period of 30 years until his playing retirement
When cricket took over, Mr Walker gave football
Northcote, he scored 786 runs at 14.29 with a
away, but still managed 85 VFL games for Melbourne
top-score off 66 for the Dragons. He also took 177
wickets at 22.33, taking five or more in an innings on 9 occasions.
As an administrator, he was a delegate to the VCA representing his club from 1970-71 to 1982-83, a VCA
In 34 Tests, Mr Walker took 138 wickets at 27.47 with
Director from 1972-73 to 1982-83 (as Treasurer) and
best figures of 8-143 against England at the MCG in
His best figures were 9-41 for Northcote against
VCA delegate to the ACB Board from 1973-74 to 1982-
1975. In 70 first class matches for Victoria, he took
Ringwood in 1975-76, all nine wickets to fall in
83. He was also a state and national selector.
248 wickets at 28.22 with best figures of 6-49 and, at
the innings. Mr MacKenzie was also a member of
Premier level for Melbourne and South Melbourne, he
Northcoteâ€™s 1973-74 premiership side which defeated
took 249 wickets at 15.91 with best figures of 8-34.
Melbourne in the Final.
Following retirement in 1982, the popular Mr Walker,
Mr MacKenzie took the wickets of opposing skipper
with his affable personality, naturally evolved into an
Graham Brown and star batsman David Broad but,
accomplished commentator, raconteur, author and
just as importantly, scored 18 batting at number
eleven, adding a precious 52 with Richie Robinson for the last wicket. The final margin was just 14 runs.
8 | CRICKET VICTORIA
JD (JACK) CAMERON OAM
JW (JIM) MANN
HV (VIC) WOOLF
(AUGUST 24, 1923 - APRIL 7, 2017)
(AUGUST 25, 1928 - MAY 28, 2017)
(DECEMBER 30, 1919 - APRIL 24, 2017)
Cricket Victoria 200 Club member Jack Cameron Jr.
Cricket Victoria Life Member Jim Mann passed away
Vic Woolf passed away on April 24, 2017.
passed away this year, aged 93.
on May 28, 2017 aged 88.
Mr Cameron was a wonderful servant of the game,
Mr Mann was a long-serving player and administrator
153 for Hawthorn-East Melbourne between 1938-39
scoring for North Melbourne, Victoria and Australia
for Footscray and Cricket Victoria.
Although Mr Mann started playing for South
He scored 4774 runs at 26.52 with a top score of 116*.
Melbourne as a youngster post World War II, he
He scored one century and 26 half-centuries.
Mr Woolf played 22 matches for the VCA Colts and
as well as scoring for the Australian Broadcasting Corporation for many years. Mr Cameron joined NMCC in 1938 as a 15 year-old
transferred to Footscray after the Club’s admission to
spin bowler from St. Josephs however an injury in his
the VCA in 1948-49. Mr Mann played 91 matches for
A keeper-batsman, Mr Woolf snared 218 dismissals
first season saw him scoring for the third eleven.
the Doggies between 1949-50 and 1969-70, scoring
(123 ct/95 st).
1724 runs at 16.57. His highest score was 132, scored Mr Cameron soon moved up into scoring for the 2nd
against Carlton in 1960-61. He won the 1st XI batting
He played in three premierships for the Hawks, in
XI by the mid 1940’s, a post he would occupy until
averages in that season. Mr Mann was a member of
1949-50, 1950-51 and 1955-56 and also played in the
1970-71 when his father Jack Snr. (John L. Cameron)
the Doggies’ 2nd XI premeirship team in 1953-54.
1954-55 Final when the Hawks were runners-up to
retired, opening the door for Jack Jr. to move up
to score for the first eleven one match into season
Mr Mann served as President, Secretary, Dowling
Shield coach and on the Committee/Executive for an amazing 67 years. When the Bulldogs won their first
At this stage of his career he had already scored
flag in 1979-80, Mr Mann was Club President.
for the Australian cricket team on the 1961 tour of England after his father had rejected the offer and
He was elected as a Life Member of Footscray in
told the Australian Cricket Board to select the second
1961 and, in 2016, he was elected as a member of the
best scorer, his son. Mr Cameron toured England with
Club’s Hall of Fame as a “Legend”.
Richie Benaud’s Australian team. Mr Mann became a Footscray Delegate to the VCA Mr Cameron remained as scorer for NMCC until
in 1959-60, a position he held until his retirement in
2002-03 season when he handed the reins over to
1992-93, a total of 34 seasons.
Tony Chapman. During that time Mr Mann served on the VCA Pennant By this time Mr Cameron had scored in excess of 1000
Committee for 13 seasons, on the VCA Executive for
senior games, been awarded NMCC Life Membership,
18 seasons, as VCA Treasurer for 10 seasons and as a
been inducted into the MCG Media Hall of Fame and
VCA Representative to the ACB for two seasons.
received an OAM for his service. Mr Mann was elected a Cricket Victoria Life Member in 1993-94.
ANNUAL REPORT 2016-17 | 9
BUSHRANGERS 2016-17 SEASON
For the Commonwealth Bank Bushrangers, season
2016-17 held both a sense of déjà vu and history in the making.
The batting spoils were shared throughout the season, however the new opening pair of Travis Dean
The season again began with a new coach, the third
(664 runs at 40.09) and Marcus Harris (808 runs at
in as many seasons, as Andrew McDonald took the
67.10) proved to be an enormous success.
reigns from David Saker who moved into the coaching ranks with the Australian men’s team.
The sheer strength of the First XI allowed for the Futures League side to develop emerging talent, and
After bowing out in the semi-finals of the Matador
in a season of highs and lows, Victoria finished with
BBQs One-Day Cup in 2015, Victoria again fell short
one win, one draw and four losses.
of ultimate victory at the penultimate hurdle, finishing in third position.
Cricket Victoria congratulates Cameron White on winning the Domestic Player of the Year Award at the
The side experienced considerably more success with
2017 Allan Border Medal.
the red ball and finished more than 13 points clear on top of the Sheffield Shield table with seven wins, two losses and a draw, earning hosting rights for the Final. The Bushrangers then achieved what no other Victorian side had done in their 125-year Sheffield Shield history by winning a third straight title, holding off South Australia over five days at Traegar Park in Alice Springs. In doing so, Andrew McDonald became the first Victorian to win a Sheffield Shield as both a player (2009-10) and coach (2016-17) of the Bushrangers. Jon Holland’s consistency throughout the season (50 wickets at 20.78) was rewarded in the final, as the spinner took eight wickets – just as he had done in the 2015-16 final – in a man-of-the-match performance. Download PDF
Chris Tremain (42 wickets at 18.97) was also reliable with ball in hand throughout the season, and the recovery of James Pattinson (24 wickets at 17.41) from injury to play the last five games was crucial to
10 | CRICKET VICTORIA
Victorian Bushrangers Batting Averages
Victorian Bushrangers Bowling Averages
2016-17 SHEFFIELD SHIELD FINAL - WINNING TEAM Fawad Ahmed (Melbourne University)
James Pattinson (Dandenong)
Dan Christian (Monash Tigers)
Rob Quiney (St Kilda)
Travis Dean (Footscray Edgewater)
Chris Tremain (Melbourne)
Aaron Finch (Geelong)
Cameron White (Monash Tigers)
Sebastian Gotch (Melbourne)
Scott Boland (12th) (Frankston Peninsula)
Marcus Harris (St Kilda)
Andrew McDonald (Head Coach)
Jon Holland (Frankston Peninsula)
ANNUAL REPORT 2016-17 | 11
Download PDF It was yet another closely contested season in the Womenâ€™s National Cricket League (WNCL) in 201617, however the Commonwealth Bank VicSpirit again
VicSpirit Batting Averages
fell just short of a finals appearance. Victoria finished the season with four wins and two losses, and only missed out on a place in the finals by a single point to New South Wales, the eventual winners over Queensland. The tournament still, however, brought many highlights for both individuals and the team as a whole. Makinley Blows, Hayleigh Brennan, Alana King and Sophie Molineux all made their debuts this season. Molineux particularly impressed, showing her allround talent with two impressive three-wicket hauls and a half-century. Meg Lanning also broke her own record for the highest individual score in WNCL history as she blasted 190 against Tasmania in Hobart. Lanning finished with an outstanding average of 119.66 for the season. Despite missing the 2015-16 campaign through injury, Molly Strano finished as the equal top wicket-taker across the entire competition with 13 scalps at 16.15. Cricket Victoria congratulates Meg Lanning on winning her third Belinda Clark Award and being named Female Domestic Player of the Year. We also congratulate Sophie Molineux on winning the Betty Wilson Award for Young Player of the Year at the 2017 Allan Border Medal.
12 | CRICKET VICTORIA
VicSpirit Bowling Averages
COMMONWEALTH BANK FUTURE STAR AWARD
Will Pucovski and Makinley Blows were named the
for the Melbourne Stars in the Rebel WBBL.
2016-17 Commonwealth Bank Future Star Award winners for the stateâ€™s finest underage players.
Introduced in 2005-06, the Commonwealth Bank Future Star Awards is presented each season to
Season 2016-17 saw Pucovski arguably have one of
the best under-19 Victorian male and female player
the finest seasons ever by an under-19 player.
based on their form at Premier Cricket level and at the National Championships, with nominations
At the U19 National Championships, Melbourne
selected by a panel of committee members on a
Cricket Clubâ€™s Pucovski posted four consecutive
hundreds, accumulated 650 runs and broke the record for runs scored at the U19 Championships.
Past Winners 2016-17: Will Pucovski & Makinley Blows
He then capped off a brilliant carnival by making his
2015-16: Adam McMaster & Georgia Wareham
Sheffield Shield debut shortly after.
2014-15: Sam Grimwade & Tayla Vlaeminck 2013-14: Matt Short & Sophie Molineux
Blows, who plays for Essendon Maribyrnong Park,
2012-13: Ben Ashkenazi & Kirsty Lamb
displayed her multi-dimensional play, scoring 99
2011-12: Meyrick Buchanan & Anna Lanning
against Melbourne Cricket Club in Premier Cricket
2010-11: Dylan Kight & Molly Strano
before debuting for the VicSpirit against South
2009-10: Alex Keath & Cassie Brock
2008-09: David King & Meg Lanning 2007-08: Michael Hill & Elyse Villani
She finished the WNCL season with four games and
2006-07: Kumar Sarna & Jessica Cameron
three wickets to her name and also made her debut
2005-06: Aaron Finch & Emma Inglis
ANNUAL REPORT 2016-17 | 13
MELBOURNE RENEGADES REVIEW
It was a season of nail-biting finishes for the
The Renegades finished the season as number one in
Melbourne Renegades in both the KFC BBL and
the league for average national television audience in
further success with Network Ten.
The men’s team, led by captain Aaron Finch, finished
The Melbourne Renegades would like to thank
in fifth spot with four wins and four losses while the
Chairman Jason Dunstall and directors Jamie
women’s team, led by captain Rachel Priest, finished
McPhee, Liam Pickering, Chris Nikou, Suzana
in seventh place with six wins and eight losses.
Ristevski and Paul Jackson for their leadership and contribution to the club.
The club made several high-profile off-season player signings including West Indian spinner Sunil Narine,
The Melbourne Renegades would like to sincerely
veteran Brad Hogg, Southern Stars player Grace
thank their partners for their support during the
Harris and New Zealand international Lea Tahuhu to
season – Mars (BBL Principal Partner), TAC (WBBL
further enhance both squads.
Principal Partner), Carsales.com.au (BBL and WBBL Major Partner), Nylex (BBL Co-Major Partner),
Captain Aaron Finch was named the club’s Player
VicHealth, Soniq, Victorian Responsible Gambling
of the Season for the fourth time in BBL and Molly
Foundation, The Olsen, Nova FM, Cricketer’s Arms,
Strano took the honours as Player of the Season in
Subaru Melbourne, The City of Maribyrnong and
MoneyGram (Community Partner) and Scope (Charity Partner).
Renegades fans again turned out in big numbers with more than 120,000 fans attending the club’s four home matches at Etihad Stadium while 8,831 members (the 2nd highest total in the league) committed to the club for the season. The Renegades also enjoyed a successful period of commercial and off-field support again in BBL|06 and WBBL|02. The club delivered a new long-term Principal Partnership with Mars and welcomed Carsales.com and outdoor retailer Nylex as new Major and Co-Major Partners of the BBL squad respectively. Carsales.com extended their involvement with the club to include a Major Partnership with the WBBL squad as well. The Transport Accident Commission (TAC) was a significant addition as Principal Partner of the WBBL squad in the second season while VicHealth continued their association with the WBBL team as Official Partner.
14 | CRICKET VICTORIA
MELBOURNE STARS REVIEW
The 2016-17 season saw the Melbourne Stars lead
Optus was also instrumental in coordinating the
from the front off the field, becoming the first Big
club’s ‘Save Our Rhinos’ campaign for their last home
Bash Club to reach 10,000 members and recording
match of the season.
the league’s highest average attendance. The Stars would like to thank their Board, led by The Stars increased their membership base by 35%
President Eddie McGuire AM, John Wylie, Damien
while a 21% growth in attendance saw 198,312 people
Fleming, Sharelle McMahon, Malcolm Smith and
watch the Stars play at the MCG at an average of
Claudia Fatone as well as their sponsors, members
and fans for their continued support throughout the season.
The Stars’ attendance figures included the highest BBL|06 and WBBL|02 crowds, with 71,162 and 25,500 respectively recorded at the MCG Double-Header Derby on New Year’s Day. On the field, no changes were made to the men’s squad from the previous season while the women’s squad saw three changes from the first instalment of the WBBL with Jess Cameron, Makinley Blows and Hayleigh Brennan all added. The club began its preparations for the season with a trip to New Zealand before heading to regional Victoria to take on the Sydney Thunder in the Border Bash in Albury-Wodonga. The Stars’ men’s team completed the home and away season in fourth position, reaching their sixth consecutive semi-final, however, fell short of victory with eventual champions the Perth Scorchers triumphing at the WACA. While the women’s team narrowly missed out on finals, finishing fifth with seven wins and seven losses. Luke Wright and Meg Lanning were named Players of the Season for the club. The Stars’ successful season is a credit to the support received from their sponsors, led by Optus who expanded their partnership last season to become Principal Partner of the Stars’ women’s team in addition to the men’s.
ANNUAL REPORT 2016-17 | 15
MEN’S PREMIER CRICKET
Fitzroy Doncaster emerged triumphant to record back-to-back premierships in Victorian Premier Cricket. The Lions defeated Melbourne in the Premier Final, played at Carlton’s Princes Park #1 Oval for the first time. Melbourne took out the White Ball Final against Camberwell Magpies at the Albert Ground in January to take some consolation. In many ways it was a wide open season, with no one team dominant. Camberwell Magpies deservedly took out the minor premiership and also won the CV Club Championship
The Premier Cricket Management Team (PCMT)
Tasmania from last season’s side, welcomed back
for the first time since Collingwood won in 1988-89.
handled the competition administration, hearing
the experienced Lloyd Mash, who compiled 680 runs
Captain-coach Brendan Drew won the Jack Ryder
several protests, assisting with Tribunal hearings and
Medal by two votes from Carlton’s Tom Smyth.
handling the day-to-day operations.
Going into the final round, sixteenth placed Essendon
There were eleven reports in 2016-17, all of which
at 21.63), Chris Moore (31 at 22.29), reliable paceman
could theoretically still make the finals. In the end,
resulted in suspensions.
Trent Lawford (39 at 18.97) and spinner Ejaaz Alavi
With the development of Matthew Bullen (30 wickets
(31 at 21.03) all contributing, the Lions were able to
Footscray Edgewater hung onto eighth spot when it defeated Geelong outright, even though the top five
For the fourth successive season, a Premier All-Stars
teams after Round 16 all lost their Round 17 matches.
squad was selected and played warm-up matches
The season again comprised seven two-dayers,
capably cover Perrin’s loss.
against the Melbourne Renegades and Melbourne
In the quarter finals, Camberwell Magpies defeated
Stars in preparation for BBL|06.
Footscray Edgewater, with Tom Russ (77 & 6-41) and Ryder Medalist Brendan Drew (66 & 3-43) completing
six one-dayers and four Twenty20s for a total of 17
fine all-round performances.
rounds, with each club playing every other club once.
Melbourne skipper Matthew Brown was the leading
Points for all matches counted towards the season
run-scorer for the season with 944 runs at 52.44.
ladder, whilst one-day and T20 points were added for
His fine, unbeaten 134 in the Final against the Lions
Melbourne easily accounted for Dandenong, Fitzroy
a separate ladder, with a “White Ball Final” played in
earned him the John Scholes Medal, the first time
Doncaster thumped Casey-South Melbourne and
this has been won by a player on the losing side.
Monash Tigers won a tight contest against Northcote.
Adverse spring weather during October meant the
Leading wicket-takers for the season were Carlton
Both semi finals were relatively one-sided affairs,
cancellation of Round 1, scheduled for the Friday
quick Ryan Sidebottom and Magpies’ left-armer
with Melbourne beating Camberwell Magpies and
Grand Final holiday and also the Premier Country
Matthew Whittaker with 45 wickets each.
Fitzroy Doncaster defeating Monash Tigers.
Fitzroy Doncaster, although losing Andrew Perrin to
Camberwell Magpies left-hander Simon Hill played
Round (Bush Bash). Round 1 was replayed on the Reserve Day on November 6.
16 | CRICKET VICTORIA
a remarkable innings against the Bulldogs in Round
At season’s end, Melbourne legend Andrew Kent
16. Hill’s 137 not out, out of a team total of 172,
announced his retirement after eighteen seasons for
represented 80% of his team’s score.
Extras were second top score with 17 and seven of
Only John Scholes, Warren Ayres, Brendan McArdle
his team-mates failed to score. Thanks to Hill’s great
and Jack Ryder played more Premier matches than
solo effort, the Magpies won on the first innings by
Kent’s 325 and only Ayres, Gary Watts, Scholes, Ryder
and Peter McAlister scored more Premier runs than Kent’s 11,032.
James Pattinson recorded a fine double of 131 and 6-43 for Dandenong against Melbourne in Round 15.
Frankston Peninsula’s Luke Walker (229 matches,
Pattinson also smashed an amazing 137 off just 64
6,974 runs) and Prahran’s Sam Coates (186 matches,
balls, with 12 fours and 10 sixes, against Ringwood in
2,775 runs, 332 dismissals) also announced their
their Round 9 T20 clash.
Ringwood all-rounder Ian Holland’s figures of 8-15 against Greenvale Kangaroos in Round 16 were the best figures since Ian Hewett’s 9-29 for Richmond in
1999-2000. In the lower elevens, Essendon (2nds), St Kilda (3rds) and Monash Tigers (4ths) took out those respective
Premier Cricket Batting Averages
premierships, whilst Carlton (2nds) and Monash Tigers (3rds & 4ths) shared the spoils in the White Ball Finals.
Premier Cricket Bowling Averages
The Men’s Premier Team of the Season was: Brendan Drew (C) (Camberwell Magpies) Eamonn Vines (Geelong)
Premier Cricket Ladders
Matt Brown (Melbourne) Dean Russ (Footscray Edgewater) Tom Smyth (Carlton) Ian Holland (Ringwood) James Pattinson (Dandenong) Joe Loorham (Ringwood) Brenton McDonald (Geelong) Brendan Rose (Casey-South Melbourne) Ryan Sidebottom (Carlton) Matt Whittaker (Camberwell Magpies)
ANNUAL REPORT 2016-17 | 17
WOMEN’S PREMIER CRICKET
The 2016-17 season saw a restructure of women’s
In other awards, Prahran’s Emma Inglis was named
Premier Cricket with the One Day and T20 formats
Captain of the Premier Firsts Team of the Season and
split into separate competitions. The re-structure
Napoleons/Sebastopol won back-to-back Spirit of
allowed Premier Seconds clubs Ringwood and
Coburg to test themselves in the top grade via the new look T20 competition.
2016-17 saw Dandenong stalwart Sarah Elliott call time on an outstanding career which saw her
In the One Day format, Essendon Maribyrnong Park
represent her state and country for over 10 years.
came from fourth position to win their sixth Agnes McDonnell Trophy with Molly Strano claiming the
Elliott retires as a seven-time Dandenong
Betty Wilson Medal for Player of the Final.
Premiership player, four time Club Champion and dual Una Paisley winner.
The Final was held at the picturesque Albert Cricket Ground and broadcast live via the Premier Cricket
The inaugural Women’s Premier All-Stars team
was selected with matches taking place against the Victorian Under-18 Academy.
Melbourne took out the new look Reserves competition whilst Carlton-Brunswick claimed the
The concept provided a fantastic opportunity to
Premier Seconds flag in their inaugural season.
reward players for their performances at club level as well as introducing them into a High Performance
In the T20 format, Prahran claimed the club’s first
flag since the amalgamation with Brunswick Park, whilst Melbourne took out back-to-back Premier
The Women’s Premier Team of the Season was:
Seconds T20 titles. Emma Inglis (C) (Prahran) Melbourne’s Hayley Jensen won the Una Paisley
Jess Cameron (Prahran)
Medal for the Premier Firsts One Day Player of the
Molly Strano (Essendon Maribyrnong Park)
Season, the first Demons’ player to win the award.
Amy Vine (Melbourne)
Premier Cricket Batting Averages
Hayley Jensen (Melbourne) Jensen polled 26 votes to win by eight from Prahran’s
Natalie Schilov (Essendon Maribyrnong Park)
Emma Inglis, with Molly Strano, Amy Vine and Cassie
Anna Lanning (Box Hill)
Brock a further vote back in equal third.
Kath Hempenstall (Prahran)
Premier Cricket Bowling Averages
Cassie Brock (Box Hill) Jensen scored 283 runs at 70.75 and took 13 wickets
Alana King (Prahran)
at 10.15. Her best performances included 101*
Chloe Rafferty (Essendon Maribyrnong Park)
against Essendon Maribyrnong Park and 6-37 against
Anna O’Donnell (Melbourne)
18 | CRICKET VICTORIA
Premier Cricket Ladders
ANNUAL REPORT 2016-17 | 19
GAME & MARKET DEVELOPMENT
The 2016-17 season will be long remembered as the
Whilst participation in club cricket exceeds 140,000
year of the junior girl’s cricket competition boom.
participants, it’s clear there are major challenges in
retaining participants and players in the game. The Whilst the groundwork had been established over
huge popularity of T20 cricket among the 5-15 year-
several years, the increased profile of the Rebel
old boys and girls is a major opportunity for cricket
WBBL and the establishment of the Growing Cricket
and will form a key pillar within the strategy to retain
for Girls Fund were instrumental in enabling the
cricketers from a participation perspective.
growth of participation among girls in cricket. Cricket Victoria would like to thank School Sport There was an increase of 150 junior girls cricket
Victoria, SEDA, Lord’s Taverners, The Crusaders and
teams across 17 cricket associations whom now offer
the 79 local government authorities across Victoria
the opportunity for girls to play cricket with other
who partnered with cricket on a range of participation
girls. Competitions have leveraged the power of the
Melbourne Stars and Melbourne Renegades brands to attract new participants to the sport. Over 100 clubs
On all measures, the 2016-17 season has built a
received grants to start their girls cricket program
platform for greater improvement particularly across
with 17 cricket associations also receiving funding.
three key initiatives; junior girls cricket participation, the roll-out of the junior formats and the highly
In addition to the extraordinary growth of cricket
successful Cricket Southern Bayside setup.
for girls and women, the 2016-17 season will also be remembered as the beginning of a junior cricket
The challenge of retention of players remains the
transformation. Three cricket associations in Victoria
key area that cricket must address if it is to remain a
took part in a pilot of these formats: The Bendigo
leading participation sport.
District Cricket Association, Cricket Albury Wodonga and the Western Region Junior Cricket Association should be congratulated on their forward thinking, influence and engagement in the pilot.
Overall participation in cricket grew substantially in 2016-17 with an increase of 14.7% on the previous season. This was an incredible result with Victoria making up 26% of the national participation figure. Club cricket remained stable overall with the increases in junior girls and veterans cricket being offset by a decrease from the previous year in entry level programs at clubs (MILO in2CRICKET / MILO T20
TOTAL FEMALE PARTICIPATION
Blast) and senior cricket.
20 | CRICKET VICTORIA
ENTRY LEVEL PROGRAM
National Umpiring Panel
There were 10 new members invited to join the CV
Cricket Australia selected the following Victorian
Premier Cricket Umpiresâ€™ Panel for the 2016-2017
umpires to the National Umpiring Panel this season.
which increased our number of umpires for the season to 100.
Ash Barrow, Geoff Joshua, John Ward, Shawn Craig and Phil Gillespie all stood in multiple First Class
Several members stood in two games per week
matches as well as in the Matador BBQs One-Day
to cover shortages and their assistance is greatly
Cup and KFC BBL.
appreciated. Cricket Victoria nominated a four-person State Panel MyCricket was again used for the administration of
comprising David Shepard, Stephen Brne, Daryl
the Umpiring Panel. The information captured on
Brigham and Dale Ireland who were all selected
MyCricket provided data for the mid-season and end
across Toyota Futures League, WNCL, Rebel WBBL
of season reviews.
and CA Underage Championships.
These reviews reflected the Captainsâ€™ assessments
Cricket Australia National Umpires Accreditation
and comments along with details of games umpired
Accreditation continues to be well accepted
for the year and an overall total of matches officiated
throughout the State. There are currently 1041
in each grade.
Representative and 704 Community accredited umpires throughout Victoria.
The practice of umpire selection based on merit continued during this season. There was significant
A further 262 participants have completed the online
movement within the panels this season which
Representative and Community Official programs.
required Cricket Victoria to refresh its Umpiring Panel. Cricket Victoria congratulates Eric Kelly, who received the Service to Umpiring Award at the Premier Cricket Awards. A number of training and development nights were held throughout the season with the sessions focusing on Premier Cricket and matters arising from matches and personal development of umpires. The post meeting social gatherings also provided the opportunity for colleagues to get to know each other and share experiences.
ANNUAL REPORT 2016-17 | 21
TOTAL COMMUNITY PARTICIPATION - 2016-17 Cricket Victoria’s Harmony in Cricket philosophy celebrates cricket as a sport for all. We proudly acknowledge that Victorian cricket clubs are a
place where everybody regardless of their cultural background, religion, gender, age or ability feels welcome. If a person has a passion for cricket; cricket has a place for them. Our key succeses this year: - A 22.5% increase in participation across Multicultural, Indigenous and cricketers with a disability - We commenced LGBTIQ+ research in partnership with Victoria University and Cricket Australia
MULTICULTURAL PARTICIPATION - 2016-17
- We secured an innovation grant from VicHealth to develop the Proud Cricket initiative and campaign for LGBTIQ+ participation - We secured funding for four years from the Victorian Multicultural Commission to further engage with Culturally and Linguistically Diverse
INDIGENOUS PARTICIPATION - 2016-17
(CALD) community groups - Oversaw the appointment of the new Victorian
Aboriginal Cricket Advisory Committee (VIC ACAC)
co-chaired by Indigenous leader Belinda Duarte - The Victorian men’s Indigenous team won the National Indigenous Cricket Championships for the first time in the event’s history - Geelong hosted the inaugural National Cricket
DISABILITY PARTICIPATION - 2016-17
Inclusion Championships with the Victorian teams winning the Intellectual Disability division and finishing runners up in both the Blind and Deaf divisions
22 | CRICKET VICTORIA
Indoor cricket grew in 2016-17 by 3.78% however the
hosted the Junior Indoor Cricket School Holiday
most significant element of the 2016-17 season was
Carnival, with 23 teams and over 150 boys and girls
the establishment of the Beastwear National Indoor
involved in the three-day tournament.
Cricket League (NICL). 2016 Indoor Open Championships The NICL has transformed the indoor cricket scene with Cricket Australia streaming matches via
Victoria hosted the 2016 Australian Indoor Open
Facebook live with average views of 168,000 per
Championships at Springvale where the Open
game. Victorian-based clubs and centres make up 18
Women’s team won back-to-back titles defeating
out of 76 teams from across the country.
South Australia 62-51 in the decider. Briony Polkinghorne capped off a successful tournament
With both men’s and women’s divisions and the
being named Player of the Grand Final and Player of
inclusion of the Monash Tigers as a NICL team (both
men’s and women’s) the future is bright for indoor cricket across Victoria.
Our Lord’s Taverners Shield team also had another strong campaign at the Championships, but again fell
Cricket Victoria would like to acknowledge the
short to Queensland in the final.
support of Indoor Sports Victoria and their Chairman Peter Gigliotti for their ongoing support and
2016 Indoor Junior Championships
commitment to indoor cricket. The 2016 Australian Indoor Junior Championships Cricket Victoria launched pilot programs for its
were held in Dubbo, NSW in early July, with Victoria
Indoor 4’s format at Northcote and Werribee under
entering teams into each of the five competing
VicHealth’s Innovation Challenge project.
divisions. Victoria emerged as champions in three divisions including 13 & Under Boys, 14 & Under Girls
Indoor 4’s provides teams of four with a positive
and 17 & Under Girls.
environment to play a shortened, fast-paced version of indoor cricket which places an emphasis on social
2017 Indoor Masters Championships
interaction and remaining active. Canberra hosted the 2017 Australian Indoor Masters In conjunction with 2017 Refugee Week, Springvale
Championships in May with Victoria entering sides in
hosted the Indoor 4’s Refugee Week Cup attracting
two divisions across the tournament. Victoria’s 35 &
over 50 participants and 11 teams from a range of
Over Men secured a third place finish overall, while
communities and nationalities.
the 50 & Over Men finished fourth.
Three indoor centres – Saxon, Bendigo and North Geelong again continued their support of the MILO T20 Blast Indoor program, while Springvale also
ANNUAL REPORT 2015-16 | 23
STATE, MEDIA AND PREMIER AWARD WINNERS
2016-17 STATE AWARDS WINNERS Bill Lawry Medal Jon Holland
Melbourne Renegades BBL Player of the Season Aaron Finch
John Scholes Players Award Cameron White
Melbourne Stars WBBL Player of the Season Meg Lanning
Dean Jones Medal Cameron White
Melbourne Stars BBL Player of the Season Luke Wright
Sharon Tredrea Award Meg Lanning
Commonwealth Bank Future Star Award Makinley Blows & Will Pucovski
Melbourne Renegades WBBL Player of the Season Molly Strano 2016-17 MEDIA AWARDS WINNERS Cricket Victoria Award Russell Gould (Herald Sun)
Suburban Community Award Simon McEvoy (Leader Newspapers)
Premier Cricket Award Luke D’Anello (Leader Newspapers)
BBL & WBBL Award Sam Landsberger (Herald Sun)
Commonwealth Bank Bushrangers Award Brydon Coverdale (ESPN CricInfo)
Commonwealth Bank VicSpirit Award Jon Pierik (The Age)
Country Award Tyler Maher (Shepparton News)
Photography Award Noni Hyett (Bendigo Advertiser) 2016-17 PREMIER CRICKET AWARDS WINNERS
Jack Ryder Medal Brendan Drew (Camberwell Magpies)
Spirit of Cricket Award Napoleons/Sebastopol (Female) and Carlton (Male)
Una Paisley Medal Hayley Jensen (Melbourne)
Umpiring Recognition Award Eric Kelly
Men’s Team of the Season Eamonn Vines, Matt Brown, Dean Russ, Tom Smyth, Ian Holland, James Pattinson, Brendan Drew (C), Joe Loorham, Brenton McDonald, Brendan Rose, Ryan Sidebottom, Matt Whittaker
2nd XI Player of the Season Donovan Pell (Carlton) and Lachlan Holmes (St Kilda)
Women’s Team of the Season Jess Cameron, Molly Strano, Amy Vine, Emma Inglis, Hayley Jensen, Anna Lanning, Natalie Schilov, Kath Hempenstall, Cassie Brock, Alana King, Chloe Rafferty, Anna O’Donnell JA Seitz CV Club Championship Camberwell Magpies
24 | CRICKET VICTORIA
3rd XI Player of the Season Ajay Bhatt (Prahran) 4th XI Player of the Season Vasish Vasan (Fitzroy Doncaster) Sue Woolcock Award Adelaide Campion and Alex Rogers (Carlton-Brunswick) June Cole Award Chloe Rafferty (Essendon Maribyrnong Park)
ANNUAL REPORT 2016-17 | 25
VICTORIAN CRICKET ASSOCIATION A.B.N. 28 004 128 812
SPECIAL PURPOSE FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2017 Directors’ Report
Auditor’s Independence Declaration
Independent Auditor’s Report
Consolidated Financial Statements
26 | CRICKET VICTORIA
Consolidated Statement of Profit or Loss and Other Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
Notes to the Consolidated Financial Statements
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 2017. 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
Mr RW Thomas
Chairman Cricket Victoria Board, Chairman Remuneration Committee
Mr P Barker
Audit & Risk Committee, Remuneration Committee, Nominations Committee, Integrity Committee
Mr T Considine
Audit & Risk Committee, Premier Cricket Committee
Ms C Fatone
Chair Development Committee, Premier Cricket Committee, Director Melbourne Stars Ltd (appointed 29 November 2016)
Mr PW Jackson
Bank Executive, Former State Player
Deputy Chairman Cricket Victoria Board, Chairman Audit & Risk Committee, Remuneration Committee, Director Melbourne Renegades Pty Ltd
Dr M King
Diversity Committee, Country Cricket Representative
Dr D Maddocks
Audit & Risk Committee, Integrity Committee, Premier Cricket Committee
Ms SD Crow (resigned 12 April 2017)
Diversity Committee, VICAC Representative
Mr TL O’Hoy (resigned 21 October 2016)
Remuneration Committee, Director Melbourne Stars (resigned 21 October 2016)
The above named directors held office during and since the end of the financial year unless otherwise stated.
ANNUAL REPORT 2016-17 | 27
PRINCIPAL ACTIVITIES, OBJECTIVES AND PERFORMANCE 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 domestic 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 main objective of the Group is to be Australia’s leading cricket state, representing grassroots cricket through to Victoria’s elite men’s and women’s teams. 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 includes grant funding of $12.8m from the Victorian State Government (Parks Victoria) and Cricket Australia towards the development of the Victorian Cricket and Community Centre (VCCC). With the remaining balance of funding, $6.0m will be contributed by the company in mid-late 2017 and $0.2m will be received from Parks Victoria post completion and full acquittal of funds expended. The budget for the VCCC development is $40.8m of capital expenditure and the company is on track to meet the project budget. The contracted capital commitment remaining is $20.6m. REVIEW OF OPERATIONS A review of the operations of the Group during the financial year and the financial results of the operations, found that during the year the group continued to engage in its principal activity, the results of which are disclosed in the financial statements. The reported profit for the financial year for the group was $13,770,149 (2016: $23,273,821). The reported profit for the year for the company was $11,427,541 (2016: $21,685,195).
28 | CRICKET VICTORIA
The normalised profit/(loss), after adjusting for the VCCC grant income of $12,800,000, for the group was $970,149 (2016: $2,273,821) and for the company $(1,372,460) (2016: $685,195). CHANGES IN STATE OF AFFAIRS There were no significant changes in the nature of the group’s activities during the year. 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.
*Resigned 12 April 2017 ^Resigned 21 October 2016
INDEMNIFICATION OF OFFICERS AND AUDITORS
Director Meetings Held
Mr RW Thomas
Mr P Barker
Mr PW Jackson
Ms C Fatone
Mr T Considine
Dr M King
Mr D Maddocks
Ms SD Crow*
Mr TL O’Hoy^
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 2017, no dividends were declared or paid (2016: $Nil). The company is a public company limited by guarantee and is therefore precluded from paying dividends. 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, 12 board meetings were held.
During the financial year, the Group paid a premium in respect of a contract insuring the directors of the company (as named above), against a liability incurred as such a director, secretary or executive officer to the extent permitted by the Corporations Act 2001. The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium The Group has not otherwise, during or since the financial year, except to the extent permitted by law, indemnified or agreed to indemnify an officer or auditor of the company or of any related body corporate against a liability incurred as such an officer or auditor. 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 was not party to any such proceedings during the year. AUDITOR’S INDEPENDENCE DECLARATION The auditor’s independence declaration is included on page 30 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 2017 the number of members was 22 (2016: 22). Signed in accordance with a resolution of the directors made pursuant to s.298(2) of the Corporations Act 2001. On behalf of the Directors
Mr RW Thomas Chairman, Victorian Cricket Association Melbourne, 31 July 2017
ANNUAL REPORT 2016-17 | 29
Auditorâ€™s Independence Declaration As lead auditor for the audit of the Victorian Cricket Association for the year ended 30 June 2017, 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
no contraventions of any applicable code of professional conduct in relation to the audit.
This declaration is in respect of the Victorian Cricket Association and the entities it controlled during the period.
Andrew Cronin Partner PricewaterhouseCoopers
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.
30 | CRICKET VICTORIA
Melbourne 31 July 2017
Independent auditor’s report To the members of the Victorian Cricket Association
Our opinion In our opinion: The accompanying financial report, being a special purpose financial report, of the 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 2017 and of its financial performance for the year then ended
complying with Australian Accounting Standards to the extent described in Note 3 and the Corporations Regulations 2001.
What we have audited The Group financial report comprises:
the consolidated statement of financial position as at 30 June 2017
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.
Emphasis of matter - basis of accounting We draw attention to Note 3 to 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 opinion is not modified in respect of this matter. 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.
ANNUAL REPORT 2015-16 2016-17 | 31
Other information The directors are responsible for the other information. The other information obtained at the date of this auditor’s report comprises the Directors' Report included in the Special Purpose Financial Report, 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 3 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 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/ar4.pdf. This description forms part of our auditor's report.
Andrew Cronin Partner
32 | CRICKET VICTORIA
Melbourne 31 July 2017
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.
Signed in accordance with a resolution of the directors made pursuant to s.295(5) of the Corporations Act 2001 on behalf of the Directors.
Mr RW Thomas Director, Victorian Cricket Association Melbourne, 31 July 2017
ANNUAL REPORT 2016-17 | 33
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2017
Continuing operations Revenue Employee benefits expense
State cricket match expenses
Travel, catering and corporate hospitality
Communication and printing Repairs, hire and equipment
Awards, promotion and advertising
Grants to associated bodies
Profit for the financial year
Total comprehensive income for the year
Profit before tax and grants to associated bodies Income tax expense
The above statement should be read in conjunction with the accompanying notes.
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2017
Current assets Cash and cash equivalents Trade and other receivables
Other financial assets
Other assets Total current assets Non-current assets Trade and other receivables
Property, plant and equipment
Total non-current assets
Current liabilities Trade and other payables
Total current liabilities
Non-current liabilities Provisions
Total non-current liabilities Total liabilities
The above statement should be read in conjunction with the accompanying notes.
ANNUAL REPORT 2016-17 | 35
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2017
Retained earnings $
Asset revaluation reserve $
Development reserve $
Balance at 1 July 2015
Profit for the year
Other comprehensive income for the year
Total comprehensive income for the year
Transfer to/(from) reserves
Balance at 30 June 2016
Balance at 1 July 2016
Profit for the year
Other comprehensive income for the year
Total comprehensive income for the year
Transfer to/(from) reserves Balance at 30 June 2017
The above statement should be read in conjunction with the accompanying notes.
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CONSOLIDATED STATEMENT OF CASH FLOWS AS AT 30 JUNE 2017
Cash flows from operating activities Receipt of grants for VCCC Receipts from customers
Repayment of borrowings
Net cash provided by financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Payments to suppliers and employees Interest received Net cash provided by operating activities
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
The above statement should be read in conjunction with the accompanying notes.
ANNUAL REPORT 2016-17 | 37
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
1. GENERAL INFORMATION Victorian Cricket Association (the company) is a public company, limited by guarantee, incorporated and operating in Australia. Victorian Cricket Association and controlled entities registered office and its principal place of business is as follows: 86 Jolimont Street JOLIMONT VIC 3002 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 AASBâ€™s issued by the Australian Accounting Standards Board (AASB) that are mandatorily effective for an accounting period that begins on or after 1 January 2015. 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 on right were on issue but not yet effective. Standard/ Interpretation
Expected date of adoption
Nature of change
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.
30 June 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 Mandatory for financial undertaking assessment of the years commencing on impact of the new rules. At this or after 1 January 2018. stage the effect on the financial statements has not yet been determined. The Company will make more detailed assessments of the impact over the 12 months.
30 June 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 lowvalue leases.
The standard will affect primarily the accounting for the Companyâ€™s operating leases.
30 June 2020
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Mandatory for financial years commencing on or after 1 January 2019.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 3. SIGNIFICANT ACCOUNTING POLICIES FINANCIAL REPORTING FRAMEWORK 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 financial statements, the Group is a not-forprofit entity. BASIS OF PREPARATION 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’. 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, unless otherwise noted. CRITICAL ACCOUNTING ESTIMATES 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:
of cash and which are subject to an insignificant risk of changes in value. Bank overdrafts are shown within borrowings in current liabilities in the statement of financial position.
Valuation of Investment Properties The valuation methodology used by directors to estimate the value of Investment Properties is to obtain independent valuations for its investment properties at least every three years. At the end of each reporting period, the directors review 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 that involve assumptions to be made at that time. A valuation, by either an independent valuer or the directors is considered to be an estimate only until the property is sold.
(c) 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.
The following significant accounting policies have been adopted in the preparation of the financial report. (a) Principles of consolidation 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. 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. (b) Cash and cash equivalents Cash comprises cash on hand and on demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts
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. (d) 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. (e) Financial assets 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
ANNUAL REPORT 2016-17 | 39
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 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. Other financial assets are classified into the following specified categories: financial assets ‘at fair value through profit or loss’, ‘held-to-maturity investments’, ‘availablefor-sale’ financial assets, and ‘loans and receivables’. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. Effective interest method The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset, or, where appropriate, a shorter period. Income is recognised on an effective interest rate basis for debt instruments other than those financial assets ‘at fair value through profit or loss’. 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 profittaking; or (iii) is a derivative that is not designated and effective as a hedging instrument. 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
40 | CRICKET VICTORIA
or interest earned on the financial asset. Fair value is determined in the manner described below.
value of estimated future cash flows, discounted at the original effective interest rate.
Loans and receivables Trade receivables, loans, and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as ‘loans and receivables’. Loans and receivables are measured at amortised cost using the effective interest method less impairment. Interest is recognised by applying the effective interest rate.
The carrying amount of the financial asset is reduced by the impairment loss directly for all financial assets with the exception of trade receivables where the carrying amount is reduced through the use of an allowance account. When a trade receivable is uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against the allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss.
Fair values of financial assets 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; and (iii) the fair value of derivative instruments are calculated using quoted prices. Where such prices are not available use is made of discounted cash flow analysis using the applicable yield curve for the duration of the instruments for non-optional derivatives, and option pricing models for optional derivatives. Impairment of financial assets Financial assets, other than those at fair value through profit or loss, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that as a result of one or more events that occurred after the initial recognition of the financial asset the estimated future cash flows of the investment have been impacted. For financial assets carried at amortised cost, the amount of the impairment is the difference between the asset’s carrying amount and the present
With the exception of available-for-sale equity instruments, if, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed through profit or loss to the extent the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised. (f) 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. (g) Property, plant and equipment Land and buildings are measured at fair value. Fair value is determined on the basis of an independent valuation prepared by external valuation experts, based on discounted cash flows or capitalisation of net income, as appropriate. The fair values are recognised in the financial statements of the Group, and are reviewed at the end of each reporting period to ensure that the carrying value of land and buildings is not materially different from their fair values. Any revaluation increase arising on the revaluation of land and buildings is credited to a revaluation reserve, except to the extent that it reverses a revaluation
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS decrease for the same asset previously recognised as an expense in profit or loss, in which case the increase is credited to the income statement to the extent of the decrease previously charged. A decrease in carrying amount arising on the revaluation of land and buildings is charged as an expense in profit or loss to the extent that it exceeds the balance, if any, held in the revaluation reserve relating to a previous revaluation of that asset. Depreciation on revalued buildings is charged to profit or loss. On the subsequent sale or retirement of a revalued property, the attributable revaluation surplus remaining in the revaluation reserve, net of any related taxes, is transferred directly to retained earnings. Plant and equipment, leasehold improvements and equipment under finance lease are stated at cost less accumulated depreciation and impairment. 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. Depreciation is provided on property, plant and equipment, including freehold buildings but excluding land. Depreciation is calculated on a straight-line basis so as to write off the net cost or other revalued amount of each asset over its expected useful life to its estimated residual value. 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. The following useful lives are used in the calculation of depreciation: Buildings Plant and equipment
50 years 2 - 5 years
4 - 7 years
(h) Revenue 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, domestic teams & BBL teams. All revenue from Cricket Australia received throughout the year is recognised in the period in which they 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 they 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 assetâ€™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.
(i) Provisions 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. (j) Leased assets 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
ANNUAL REPORT 2016-17 | 41
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS groupâ€™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. (k) Trade and other payables 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. (l) Trade and other receivables Receivables are measured at amortised cost less any impairment. An estimate for doubtful debts is made when collection of the full amount is no longer probable. (m) Investment properties 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.
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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 propertyâ€™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 propertyâ€™s estimated net market income, and a capitalisation rate derived from an analysis of market evidence. (n) Borrowings All loans and borrowings are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest method. Fees paid on the establishment of loan facilities that are yield related are included as part of the carrying amount of the loans and borrowings. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for a least 12 months after the reporting date.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Revenue from Cricket Australia
Revenue from cricket matches
Unrealised gain/(loss) on revaluation of managed funds 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)
Audit of the financial report
Other non-audit services
6. Remuneration of auditors
The auditor of the Victorian Cricket Association is PricewaterhouseCoopers (2016: PricewaterhouseCoopers)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
7. Trade and other receivables Current Trade receivables
Less provision for impairment
Non-current Other receivables Loans outstanding to Premier Cricket Clubs as at 30 June 2017 is $119,000 ($86,000 Non-current) with $149,000 in loans provided this financial year 8. Other financial assets Managed funds at fair value through profit or loss
9. Investment property At Directorsâ€™ valuation (2015: Independent valuation)
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
10. Property, plant and equipment Freehold land at fair value $
Buildings at fair value* $
Plant and equipment at cost $
Motor vehicles at cost $
2016 Gross carrying value Accumulated depreciation
2017 Carrying value at the beginning of the year
*Included within buildings are ‘Projects in progress’ of $18,295,362 (2016: $2,644,095) that relates to the VCCC and therefore not yet depreciated.
Provisions - Premier Cricket Infrastructure Fund
11. Trade and other payables Trade payables Sundry creditors and accruals
12. Provisions Current Provisions - General Employee benefits
ANNUAL REPORT 2016-17 | 45
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2017 $
13. Other liabilities Income received in advance
14. Borrowings Current Finance lease liability 15. 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. 16. 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, and is effectively realised, is transferred directed to retained earnings.
Not longer than 1 year
Longer than 1 year and not longer than 5 years
Not longer than 1 year
Longer than 1 year and not longer than 5 years
17. Commitments for 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
Finance lease payments are payments for motor vehicles
46 | CRICKET VICTORIA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2017 $
Cash on hand
Cash at bank
19. Cash and cash equivalents
(a) 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 as follows:
(b) Reconciliation of profit or (loss) for the year to net cash flows from operating activities 13,770,149
(Gain)/loss on sale or disposal of non-current assets
Profit or (loss) for the year
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)
Trade and other receivables
Provisions for employee benefits
Provisions - General
Movement in working capital (Increase)/decrease in assets:
Increase/(decrease) in liabilities: Trade and other payables
Income in advance Net cash provided by operating activities
ANNUAL REPORT 2016-17 | 47
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
20. Parent Entity Current assets Total assets
Profit of Parent Entity
Total Comprehensive Income of Parent Entity
Melbourne Stars Ltd
Melbourne Renegades Pty Ltd
Investment in subsidiaries Name
20. Contingent liabilities There were no contingent liabilities at 30 June 2017 (2016: Nil). 21. Related party transactions There were no related party transactions for the year ended 30 June 2017 (2016: Nil). 22. Economic dependency A significant amount of the Victorian Cricket Associationâ€™s revenue is received through contributions from Cricket Australia. Cricket Australia has contractually committed to a one year extension of minimum guarantee funding agreement with Cricket Victoria, whilst the 4 year agreement is agreed though 2017/18. Cricket Victoria does not anticipate the future funding to have an adverse impact on the Group. 23. 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.
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86 Jolimont Street, East Melbourne VIC 3002 T: (03) 9653 1100 | F: (03) 9653 1196 W: www.cricketvictoria.com.au | E: email@example.com