Directors’ Report Droughtmaster Stud Breeders’ Society Limited For the year ended 31 March 2020
Your directors
present
their report
on
the
After Balance Sheet Events
company for the financial year ended 31 March
There are no material balance sheet events
2020. The names of the directors in the office at
occurring after year end.
any time during, or since the end of the year is Name
Meetings Attended
Clinton Gartrell
6
5
operations in future financial years have not been
Daniel Green
2
2
included in this report as the inclusion of such
Douglas Birch
2
2
Douglas Miles
5
3
Jack Stewart-Moore
6
5
Jeff Williams
6
4
Ken McKenzie
4
4
any significant environmental regulation under
Kevin Woolcock
3
3
a law of the Commonwealth or of a state or
Roger Underwood
4
4
territory.
Sean Barrett
6
5
Todd Heyman
4
4
Will Haviland
4
4
Likely developments in the operations of the company and the expected results of those
information is likely to result in unreasonable prejudice to the company.
Environmental Issues The company’s operations are not regulated by
Dividends Paid or Recommended No dividends were paid during the year and no recommendation is made as to the dividends. The directors do not recommend the payment of
Principal Activities The principal activities of the company during
a dividend.
the financial year were promoting and recording
No options over interest in the company were
the Droughtmaster breed of cattle. No significant
granted during or since the end of the financial
changes in the company’s state of affairs occurred
year and there were no options outstanding at
during the financial year.
the date of this report.
Operating Result
Proceedings on Behalf of Company
The
Operating
Profit
before
Non-Operating
Income and Expenditure, Appropriations and Extraordinary
Items
of
the
company
after
providing for income tax amounted to $38,384.
The
extraordinary
activity
No person has applied of leave of Court to bring proceedings on behalf of the Company 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
Extraordinary Items reflected
in
the
financial statements relates to the ongoing legal costs arising from the independent investigation carried out by Cooper Grace Ward lawyers. 8
Future Developments
Meetings Eligible to Attend
any part of those proceedings. The Company was not party to any such proceedings during the year.
