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ANNUAL REPORT 2014 Western Australian Rugby Union (inc.)


Office Bearers Western Australian Rugby Union (Inc)

President

Patron in Chief

Chairman

Founded 1983, Re-formed 1928

His Excellency Malcolm McCusker AC CVO QC, Governor of Western Australia

Patron

Mr Arthur Hill

Vice Patrons

Honourable Chris Evans; R C Kucera APM; Hon. Alannah MacTiernan MP; The Right Honourable Lisa-M. Scaffidi, The Lord Mayor City of Perth, Hon. Terrence Waldron MLA, Minister for Sport and Recreation; Racing and Gaming; Simon Withers, Mayor Town of Cambridge

Life Members

D G Redpath Dr R J Perry AM

Board Members

D G Redpath (President), Dr R J Perry AM (Chairman), C Fear, S Fink (ceased 01/04/2014), M Fulker (commenced 14/04/2014), T Howarth AO CitWA, L Davies (ceased 26/03/2014), K Gallagher (commenced 14/04/2014), H Sauer (elected 26/03/2014), B Stewart (ceased 14/04/2014), S Staniforth (Player Representative), I Cochrane (ceased 14/04/2014), D Vaux.

Chief Executive Officer M Sinderberry

P Bailey, B Belfitt, Mrs V Bleakley, TJ Bradbury, Dr D Butcher, P Davies-Moore, Rev R Davis, M Day, C Fear, S Fink, B French, J Hancock, Dr B Hartley, Dr D Haultain, A Hill, G Hunt, M Hunt, Dr A Johnson, G Mickle, B Olney, Dr R Perry AM, M Penhaligon, D Procopis, D Redpath, B Reinecke, M Siddons, J Skiba, G M Stooke OAM, J Suckling, R Todman, R Trend,

Secretary

Honorary Life Members

Dr R J Perry AM

R Arndt, J Freemantle, C Green, J Green, R Vaughan, B Wright

M Wilson

Judiciary Board

M Tudori, J Hancock, M Hunt, B Thomson, M Parker, P Ellis, R Mills, S Waddingham, C Gregson, N Evans, M Cashman

Australian Rugby Union Delegate Auditor

Ernst & Young

Awards 2014 Western Force Awards Nathan Sharpe Medal Matt Hodgson

Geoffrey Stooke Award

Ben McCalman and Sam Wykes

Rising Star

Adam Coleman

Members MVP Nick Cummins

RugbyWA Awards Employee of the Year Jessica Godwin

Community Rugby Awards PG Hampshire Award Dylan Timu (Perth Bayswater)

Championship Player of the Year Carols Waretini (Joondalup Brothers)

Coach Award

Gus Martyn (Nedlands)

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RUGBYWA 2014 ANNUAL REPORT

Top Try Scorer

Christian Joubert (UWA) & Michael Ruru (Nedlands)

Top Point Scorer

Levon Kvas-Rothwell (UWA)

Most Improved Player

Andries van der Westhuizen (Nedlands)

Best Colt Player (U20)

Brad Lacey (Wests Scarborough

Women’s Best & Fairest Rebecca Clough (Cottesloe)

Referee Award Graham Cooper

Life Membership Charles Fear

Premiership Club Champions Nedlands

Championship Club Champions ARKs

Champion Club Palmyra


Contents Office Bearers ....................................... 2 Awards .................................................. 2 President’s Report ................................. 4 Chairman’s Report ................................. 5 Chief Executive Officer’s Report ............. 6 Media and Marketing Report .................. 9 Professional Rugby Report .................... 11 Season Review ............................. 13 - 20 Perth Spirit Season Report.................... 21 Perth Spirit Season Review............. 22 - 26 Community Rugby Report .............. 27 - 30 WAJRU President’s Report ................... 31 WARURA Report ................................... 32 WASRU Report ..................................... 34 Country Rugby Report .......................... 35 Junior Elite Report ........................ 36 - 40 Chief Financial Officer’s Report ............. 41 Finances ....................................... 42 - 63 RUGBYWA 2014 ANNUAL REPORT

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President’s Report I’d like to begin by thanking everyone involved in Western Australian rugby for their wonderful contributions in 2014. This has been a very successful year for WA rugby on the field with several excellent achievements placing our state firmly at the forefront of Australian Rugby. This is consistent with RugbyWA’s goal of becoming a driving ‘Force’ in Australian Rugby. RugbyWA is progressing steadily toward the goal of growing rugby participation and rugby talent in Western Australia and our Western Australian representative teams have proven this.

UWA fullback Christian Joubert and Nedlands scrumhalf Michael Ruru shared the Pindan Premier Grade Top Try Scorer mantle with each crossing 15 times during the season. UWA winger Levon Kvas-Rothwell took out the Top Points Scorer Award with 171 points this season (3 tries, 42 conversions and 24 penalties).

Firstly, the Western Force achieved record numbers on the field with their nine wins in 2014 and saw a strong local contingent represent the WA side with eight locally produced players earning caps. Our national representation was also strong with seven players selected for the Wallabies squad including newcomers Nathan Charles, Tetera Faulkner and Kyle Godwin.

Cottesloe forward and Australian representative Rebecca Clough was awarded the Women’s Fairest & Best. Clough’s standout season saw her rewarded with selection for her second Women’s Rugby World Cup starting in the second row in each of Australia’s Test matches.

The Perth Spirit represented the state with vigour in the inaugural Buildcorp National Rugby Championship, making it through to the grand final in Brisbane. Forty-two Perthbased players took part in the competition, nineteen of those exclusively from Perth’s Pindan Premier Grade clubs. The Western Australian Under 20s took home the Southern States Under 20 Championships with ten players selected for the Combined States squad for the National Under 20 Championship and an additional four players – Harry Scoble, Ross Haylett-Petty, Brad Lacey and Luke Burton – selected for the Australian Under 20 squad. Western Australia was also the standout state in the Junior Gold Cup with our WA Under 17s team defeating Victoria, 29-18 in the JGC final in Perth. The WA Under 15s won three of their five matches. Congratulations to everyone involved in the JGC programme and to all of those involved with age group representative rugby. The WA Club competition produced plenty of high quality rugby for local supporters throughout 2014 and I would like to acknowledge everyone who contributed to the successful running of another great year. Congratulations to UWA who defeated Cottesloe, 16 -13, in the Pindan Premier Grade Grand Final. The full tables and results of all Grand Finals are detailed on Page 29 & 30.

2014 RugbyWA Award Winners Outstanding Perth Bayswater young gun, Dylan Timu, was recognised as the Pindan Premier Grade’s best player in 2014, receiving the PG Hampshire Award at the RugbyWA Awards Breakfast. Timu was a shining light for Perth Bayswater and a key player in the club’s revival. The utility back finished the season with 59 points, including four tries. 4

RUGBYWA 2014 ANNUAL REPORT

Nedlands back-rower Andries van der Westhuizen was recognised for his breakout season in claiming the Most Improved Player Award.

RugbyWA Board member, Charles Fear, was recognised for his service as a player, coach, referee, committee member, board member and sponsor of rugby in Western Australia with Life Membership to RugbyWA. Referee Graham Cooper was the recipient of the Referee Award for the second year running. Cooper was recognised as the top referee in the state for his performances in the Pindan Premier Grade as well as at a national and international level. The West Australian Rugby Union Council met on three occasions including the AGM at which I was re-elected President and Mr Hans Sauer, formerly President of the Nedlands Club, was elected for a two year term. I would like to thank RugbyWA CEO Mark Sinderberry and his hard working staff. 2014 has been a year of change in the organisation during which Mark’s team has developed strong relationships with the rugby community, sponsors and government and excellent results have been achieved. Finally, thanks to the RugbyWA Board for their hard work which is provided to rugby in a purely voluntary capacity.

David Redpath President


Chairman’s Report Led by a significant improvement in on-field performances by the Western Force, 2014 represents a turn-around year in the fortunes of RugbyWA. As our flagship and major revenue stream, the Western Force had its most successful season ever with nine victories, six of which were at home on the ‘Force Field’ (nib Stadium). The season finished with our team, superbly led by Matt Hodgson and coached and managed by Michael Foley and the entire coaching support staff, only one game away from a finals berth.

acknowledge the support of the WA Government and the Department of Sport and Recreation with whom we have an open and constructive relationship.

Importantly this success was underpinned by a series of other major rugby achievements; the Perth Spirit was grand finalists in the inaugural National Rugby Championship competition providing opportunity for 19 senior grade players to step up and show their worth; the WA under 17’s were winners of the National Junior Gold Cup, supported by our under 20’s being unbeaten among southern states and our under 15’s winning a significant number of interstate games; national representation with seven players in the Wallabies, three players in the Wallaroos and four in the Australian under 20’s; and eight local players represented the Western Force during the season – the most ever.

Discussions have commenced with relevant organisations in Singapore, Sri Lanka, Japan and Hong Kong to create appropriate structures and programs of mutual benefit. The Australian Rugby Union has continued along a new pathway of consultation and cooperation through joint decision making that we believe will present a better more beneficial relationship with RugbyWA, coinciding with the growth of Super Rugby into an 18 team competition in 2016, a more equitable distribution of funds to Community Rugby across all States and the achievement of a sustainable NRC. The new management structure nib Stadium - our home ground, we believe will provide better economies.

Matt Hodgson and Pek Cowan deservedly returned to the Wallabies joining Ben McCalman and new Wallaby selections Nathan Charles, Tetera Faulkner and Kyle Godwin. Our Captain Matt Hodgson received the honour of captaining the Wallabies against the Barbarians during the Spring Tour and was further recognised receiving RUPA’s People’s Choice Award. Matt embodies the loyalty and courage and leadership qualities that provide the foundation for the ongoing success of the Western Force and all on-field teams and off-field structures in RugbyWA.

The future of RugbyWA is reliant on the ongoing contribution of all community clubs and the Board is cognisant of the needs and priorities necessary to create and support a strong future for all clubs in WA. We recognise the significant contributions of the Force 15; the Future Force; the Force Families led by the Stewart family; RugbyWA Juniors; the Country Union; the Referee’s Association; the Judiciary Board; and a host of committed volunteers lead by Tony McCarthy, legal advisor for reports/appeals; and Adrian Blacker our Team Support Coordinator.

It is important to recognise and celebrate our rugby achievements at the national level, Super Rugby, NRC, Pindan Premier Grade, Bankwest Junior Rugby, Women’s Rugby, Community Rugby in Perth and the regions of Western Australia, and Sevens Rugby, as well as participation in all forms of the game. Rugby Union is the reason we exist, the reason we volunteer, the reason we work at RugbyWA, the reason we become members and supporters and sponsors. Our achievements in 2014 have been significant and we look forward to increased levels of support from all sections of the rugby community in recognition of the efforts that have been put in to make us an even more successful organisation.

In the context of the achievements to date and the challenges that lie ahead, I wish to thank all Board Members for their efforts during 2014. I particularly acknowledge the contributions of retiring Board Members Leon Davies, especially for his work in Community Rugby; Ian Cochrane, for his wisdom in matters legal and commercial; Brent Stewart for his significant involvement in the original bid 10 years ago and ongoing contribution in marketing and research; and Steve Fink, who is retiring after over 20 years involvement in RugbyWA and a contribution without peer in community and junior rugby. I welcome new Board Members Hans Sauer, John Edwards, Marion Fulker and Kevin Gallagher, who have already demonstrated hard work and enthusiasm for the task as we meet the challenges of 2015 and beyond.

Financially, RugbyWA continues to walk a fine line regarding viability – times remain tough but we have reason for optimism. 2014 will once again show a trading loss but the trend line has turned, noting in particular there is always a time lag of financial support following on-field success. The Board of RugbyWA has a strong focus on cost management and seeking additional revenue and is bent on achieving long term sustainability. We especially

Sponsorship remains challenging in a softening economy and we thank our sponsors - past, ongoing and new, for their support. The Force 15 - our ‘club within the club’ - is a valuable coterie of financial and networking assistance for which we are grateful.

Finally on behalf of the Board of RugbyWA I thank and acknowledge the hardworking and fantastic staff of RugbyWA led from the front by our CEO Mark Sinderberry.

Russel Perry Chairman RUGBYWA 2014 ANNUAL REPORT

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Chief Executive Officer’s Report In 2014 the club continued to take further steps towards our vision of becoming the most respected professional sporting club in Western Australia by 2016. We have identified that this vision will be accomplished through attaining our strategic pillars: • We are the best sporting club to play and work for, • Our style of play and development of people will be widely recognised, • We are important and relevant to the local rugby community, • We have a strong and committed supporter base, • We are a valued member of the wider community; and • We are self-sustaining

Partnerships With our long-term partnership with naming rights partner, Emirates, coming to a close at the end of 2013, the club took an alternate approach to engaging a front-of-jersey partner/s, by offering individual jersey ‘real estate’ to local Western Australian businesses. This alleviated the decline in sponsorship revenue in a challenging wider economic climate and, importantly, provided us the opportunity to build partnerships while promoting these WA-based organisations to ensure we have a strong and local supporter base Based on the success of this initiative in 2014, we have chosen to utilise this model again for the 2015 Asteron Life Super Rugby season.

Corporate Hospitality Despite the challenges presented in light of economic downturn, particularly in the mining sector, our corporate hospitality revenue remained stable in 2014. However, with the new and additional facilities and corporate spaces available through the recent refurbishment of the ‘Force Field’ (nib Stadium), there is the prospect for further growth in this area to build on our supporter base.

member base and recruiting new members. This process resulted in the return of the ‘Members Bar’ in 2014 (‘The Corner Post’), providing our members with an exclusive venue to meet up with fellow members before and after the match, as well as providing exclusive access to players, including the Haigh & Hastings Man-of-the-Match presentation after each game. As the club enters our 10th season of Super Rugby, we are putting a renewed focus on our fan engagement and looking to build a greater community of rugby supporters. We have identified a vast number of supporters of rugby in Western Australia through research conducted by the Australian Rugby Union (ARU) at the end of 2014, and we are looking to find effective ways to implement and sustain a greater engagement with these supporters.

Financial The organisation had some financial challenges in 2014 and while there has been significant improvement off the back of the most successful season in the club’s history, we acknowledge it will be another tough year in 2015. I would like to acknowledge the support we received in 2014 from the Force 15 as well as other supporters in the Western Australian rugby community that have assisted us with short-term challenges and thank them for their interest in making us the best sporting club to play and work for. There is optimism for an improved state of affairs in 2016 with the re-negotiation of the broadcast rights which are a significant addition to our revenue stream. The change to the competition format will demonstrate the world appeal of Super Rugby and allow us to explore greater opportunities in generating revenue.

Western Force

We experienced a 0.6% growth in membership for the first time in the club’s history in 2014 with 12,259 joining us in the ‘Sea of Blue’ – a result of increased engagement with our fan base and the on-field efforts of the Western Force.

The Western Force’s performances on the field in 2014 saw the team return their best season of Asteron Life Super Rugby in the club’s history. These performances reflected significant hard work and determination of the team in meeting the standards set and achieved by the squad. I would like to acknowledge the work of Michael Foley and Matt Hodgson and the team (both staff and players) in ensuring these technical, physical and cultural standards continue to be met.

Forums were held prior to the commencement of the 2014 season to give our passionate supporters the opportunity to discuss any aspect of their membership as well as providing a platform for lapsed members to identify reasons that prevented them from renewing. We used – and will continue to use – this information to continue to improve our membership offerings as a means of sustaining our

It was pleasing to see the number of Wallaby representatives increase in 2014 with the Nathan Charles and Tetera Faulkner making their international debuts while WA-grown Kyle Godwin gained his first taste of international duties with inclusion in the Australian squad for the first time. The re-selection of foundation players Matt Hodgson and Pek Cowan was also a great acknowledgement for their

Memberships

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RUGBYWA 2014 ANNUAL REPORT


consistent performances throughout the season. We will continue to provide a strong contribution to Australian rugby through the development of our players and endeavour to grow more locally-grown talent into Wallabies. We have retained the vast majority of our squad for the 2015 Asteron Life Super Rugby season as we look to go ‘back-to-back’ following our most successful season yet. I feel this is reflective of the work that has been put in to developing RugbyWA and the Western Force into the best sporting club to play and work for through the provision of the Force Family program that has built a network of support for the players to integrate into the Perth lifestyle, expanded professional development programs that builds on the players’ interests outside of rugby as well as the opportunity to work in some of the best sporting facilities in Western Australia.

Perth Spirit The Perth Spirit was resurrected in the inaugural Buildcorp National Rugby Championship (NRC) providing another pathway for the best Western Australian talent to play at a higher level and giving our Asteron Life Super Rugby contracted players additional on-field exposure during the “off-season”. The national competition has worked in reducing the gap between the Pindan Premier Grade and Asteron Life Super Rugby so we remain important and relevant to the local rugby community, as well as providing a platform for our Western Force talent to continue pushing for international selection. I must acknowledge the immense contribution the Western Australian rugby community has given in supporting the competition in its first year. We saw 2,300 ‘fill the hill’ at McGillivray Oval in our opening home match, and great crowds at Joondalup Arena and Lark Hill Sportsplex. Thanks must be given to UWA Rugby Club, Joondalup Brothers RUFC and Rockingham RUFC for hosting the three home matches in Perth, and providing fantastic venues for our fans to enjoy the matches.

Future Force To secure the future of the Western Force we identified the need to develop a self-sustaining recruitment model and in 2014 we launched the Future Force programme – a pioneering full-time academy that works to identify local, national and international talent and develop them into the future generation of Western Force players. This will be achieved through the following objectives: 1. Grow the rugby talent base in Western Australia; 2. Provide opportunities for talented young players to pursue professional rugby; 3. Allow scholarship holders to realise their rugby potential; 4. Assist scholarship holders to develop as people

As we strive to become the best sporting club to work and play for, the Future Force programme is a significant achievement in providing a visible and attainable pathway for the talent here in Western Australia as well as external rugby pools. In September, we announced that three local players – Richard Hardwick (UWA), Kane Koteka (Wests Scarborough) and Harry Scoble (UWA) – would be the first inductees into the Future Force. This programme is being ably led by Mickey Arthur, supported by the elite coaching of Tai McIssac and Dwayne Nestor. The Future Force is overseen by the Future Force Foundation Board made up of respected Perth business identities Greg King, John Welborn, Simon Stewart, Adrian Fini, Camillo Della Madalena and Mickey Arthur. I would like to thank them both for their time and dedication in getting this vital programme off the ground as we endeavour to grow our rugby talent right here in Western Australia. I must also thank the supporters of the Future Force, who are committing to help fund this elite programme that will allow us to grow the number of players that can be exposed through a full-time programme. This addresses the players’ physical and rugby requirements, while also providing planning and support for their educational and vocational aspirations.

Thanks The Department of Sport and Recreation and Western Australian Government have once again provided great support to rugby in WA and I would like to thank them for their ongoing support. I would also like to acknowledge the support of the ARU and their efforts this year. Following a restructure, the strategic direction of the ARU has seen significant changes as they acknowledge the wider financial challenges facing the game in 2014. CEO Bill Pulver has instigated a significant reform process through the establishment of four strategic sub-committees – involving key ARU staff and CEO’s from around Australia – to develop a greater sense of purpose and integration between the states and the ARU: • ARU/States roles and responsibilities; • Player contracting; • Fan Engagement; and • Game Development • There is light at the end of the tunnel with a lot to look forward to with the continuation of the Buildcorp NRC and the upcoming 2015 Rugby World Cup. Changes have been implemented at the participation level of all of Rugby which through the ARU’s National Participation Registration Fee, will ensure that a portion of club registration costs are reinvested directly back into Game Development and straight back into Western Australia. In 2015, the change from team to individual insurance and levies, and accompanying RUGBYWA 2014 ANNUAL REPORT

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Chief Executive Officer’s Report (cont.) registration system is designed to transform the way the community game is funded, shifting the payment liability away from the club and onto the individual. Over the coming years this will begin to decrease the administration burden that our clubs take on each year. The levies collected will be directly invested into Community Rugby in WA meaning that as participation grows in WA, so will the amount of funding put directly back into community rugby in WA.

Finally, I’d like to thank everyone who has contributed to our vision of becoming the most respected professional sporting club in Western Australia throughout 2014. The RugbyWA Board and council members; the passionate staff at the Western Force and RugbyWA; the players, referees, officials and the Sea of Blue; our local junior and senior clubs and their members.

Mark Sinderberry Chief Executive Officer

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RUGBYWA 2014 ANNUAL REPORT


Media and Marketing Report At the end of 2013, the Media & Communications department expanded to incorporate the marketing function of the organisation. This move was taken to provide greater alignment of our marketing and communications/media activities.

Marketing We engaged 303 Lowe to assist with our campaign for 2014 – incorporating feedback gained from a series of focus group market research sessions conducted at the end of the 2013 season. The ‘#BELONG’ campaign was formed to incorporate all rugby-loving supporters in Western Australia – not necessarily just Force fans. This campaign channelled into a number of new #BELONG events, including showing our first match of the season against the Waratahs on the big screen at Northbridge Piazza; a ‘Welcome’ at Claisebrook Station for our first home match against the Brumbies; as well as engaging with the McGrath Foundation for their ‘Pull On Your Socks’ campaign for our match against the Lions. In order to provide a greater sense of identity for and belonging to the Western Force, nib Stadium was unofficially renamed the ‘Force Field’, while the RugbyWA training facility in Floreat was retitled, ‘The Home of the Western Force’. Due to the late execution of the #BELONG campaign, it will be continued through the 2015 season, particularly around the 2015 membership campaign. With a chief key performance indicator around ticket sales for the season, tickets sales budgets were exceeded for four of our eight home matches, while our overall season ticket revenue exceeded our budgeted amount. The campaign was driven by our Brand Marketing Manager, Nicola Brandon, whose enthusiasm and fresh ideas were utilised by and extended across most areas of the organisation. At the end of the season Nicola took up a position with Brownes Dairy and we wish her all the best with her future endeavours.

Media We enjoyed an increased media interest in the Western Force throughout the season, largely due to the team’s on-field success. However, despite the Force still in line for a possible finals berth, interest in the side dropped significantly following the June Test break. We continued to work with our media partners – The West Australian, Channel 9, WAtoday, and 6PR (ad hoc basis). We continued to work in coordination with the local media, including Nick Taylor (The West Australian), Dale Granger (The Sunday Times) and Justin Chadwick (AAP), while

Channel 10, Channel 9, ABC, Fox Sports News and 6PR have also provided continual coverage through the season. Several players assisted with regular media placements during the season, including Nick Cummins with Nathan, Nat & Shaun on Nova 937; captain Matt Hodgson was a weekly regular on 6PR’s Sports Today with Karl Langdon and Brad Hardie; Nathan Charles provided a weekly column for the readers of WAtoday; while several players were also guests with Adrian Barich, Angela Tsun and David Wirrapunda on the Dead Set Legends on 94.5. 2014 also witnessed the rise of the ‘The Honey Badger’ phenomenon, featuring Nick Cummins. On the back of several interviews on Western Force TV (YouTube channel) and post-match interviews, Nick gained international attention with a profile that transcended rugby. We also received strong support for the Perth Spirit (Buildcorp National Rugby Championship) and our community rugby from a number of media outlets, including The West Australian, the Western Suburbs Weekly, the Wanneroo-Joondalup Times, the Sound Telegraph, SportFM and Twin Cities FM.

Communications Our website continues to be a central information hub for information regarding the Western Force and RugbyWA. In 2014 our website underwent a redevelopment as we moved away from the Australian Rugby Union’s Shared Services Agreement. The website is to provide an improved user experience, aided by the consolidation of the number of microsites that were operating as part of the website. The redevelopment was carried out by local web development/ marketing agency, Doghouse Media. In 2014 our website received more than 1.25 million page views from 229,841 people visiting the site. We received 44.84% new visitors for the site. In social media, our Facebook ‘Likes’ have more than doubled for a third successive year (21,216 to 54,043); and our Twitter following realised a 2,000 increase on last season’s growth (10,819 to 16,400). During the season we started our own Instagram account, with the channel already boasting 3,734 followers. We will continue to look to use these channels as a key fan engagement tool and look at new ways to grow these channels and initiatives to encourage further interaction. Our YouTube channel nears 2,500 subscribers (more than double our 2013 figure) during 2014, however, the viewership received – on the back of several Nick Cummins interviews – was unprecedented. A montage of ‘Badgerisms’ (“NICK CUMMINS says the darndest things” – put together by Dave Berrie) garnered 673, 186 views, while ‘NICK CUMMINS: Says Thank You to the Sea of Blue’ RUGBYWA 2014 ANNUAL REPORT

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was viewed on 227,229 occasions. During this year we have worked hard to improve engagement with our Community Rugby public through the provision of timely club-related information, and this remains a priority for the club moving forward. In 2014 we brought the production of editorial content of the Linebreak, our match day programmes, in-house for the first time. Elise Goodin took editorial responsibility for the programs, including liaising with print partner, Expo Group. In 2014 we sold an average of 770 programs/ match (up from 750/match in 2013), with a season high 950 programs sold for our match against the NSW Waratahs.

Staff

In addition to Nicola’s departure, our Graphic Designer and Marketing Assistant, Scott Malcolm also moved on following the National Rugby Championship, taking the opportunity to move to the United Kingdom. Elise Goodin (Media Officer) and David Berrie (Digital Content Coordinator) have continued to operate in their respective positions. I’d like to thank the team for all their continued efforts in 2014 – in what was a demanding but rewarding season.

We received assistance throughout the season from our Media Intern, Francis Curro. Francis continued to assist in providing coverage (previews, match reports and relevant stories) of the Pindan Premier Grade during

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the season. We received regular coverage for the Pindan Premier Grade in The Sunday Times, The West Australian, Western Suburbs Weekly and Stirling Times. Jake Battrick also assisted with the Perth Spirit through the National Rugby Championship and provided media (editorial and administration) assistance through until the end of the year.

RUGBYWA 2014 ANNUAL REPORT

Nick Smith Marketing and Communications Manager


Professional Rugby Report The 2014 Super Rugby season marked a significant step forward for the Western Force. The team commenced the season with the aim of becoming the ‘most successful team in the club’s history’. This milestone was achieved in the 29-19 win over the Lions and then exceeded with our 30-20 win over the Queensland Reds. In addition to this, the team also achieved the following club records in 2014: • most wins in the club’s history (9); • most consecutive wins in the club’s history (5); • most home wins in club history (6); • most consecutive home wins in club history (5); • Matt Hodgson becoming the first player to reach 100 matches for the club; • Eight locally produced players representing the Force; • Kieran Longbottom becoming the first WA player to play 50 matches for the club; The Western Force finished the season one win (two competition points) away from an inaugural appearance in the Super Rugby finals, in third place on the Australian conference – including wins over three of the five finalists played.

COACH LED: Our coaching staff, including David Wessels (Senior Assistant Coach), Kevin Foote (Attack/Backs Coach) and Dwayne Nestor (Academy, Kicking and skills) all provided excellent technical input and developed their knowledge and processes as the season evolved. Importantly, all coaches have displayed the qualities of leadership that marks them as Head Coaches at varied levels in the future. In support of coaching, Damien Pacecca’s combination of IT skills and rugby experience were utilised to reach beyond data collection into data analysis, which presented an opportunity to challenge team strategies and tactics. The full-time coaching staff were well supported by consultants Braam van Straaten (Kicking & PD initiative to Dwayne Nestor) as well as Philip (Chook) Fowler as strategist. Our off-season and pre-season training blocks targeted attaining the standards of the ‘fittest team in the clubs history’ which formed an important foundation piece in improved on-field results. This supporting program was implemented under the guidance of David Joyce (Head of Athletic Performance), Charlie Higgins (Head Strength & Conditioning Coach), Brendyn Appleby (Strength & Conditioning Coach), Louis Dallimore (Academy Strength & Conditioning Coach), Emidio Pacecca (Senior Physiotherapist), Sophy Foreman (Dietician) and our Team

Doctor, Dr Mike Cadogan and based on objective data. Mark Calverley, our Team Manager, assisted ably by Adrian Blacker (Team Support Coordinator) and Jane Hambley (Rugby Logistics Coordinator) worked tirelessly to ensure all logistics and systems were aligned to best practices that consistently enabled the team to operate optimally. In 2014 we improved our focus on the vocational and personal development of our players in a belief that it is our responsibility to ensure players move through their time with the Force developing strategies that will enable their success beyond their rugby careers. To that end, initially Ryan Webster and more recently, Sam Cox our Player Development Manager have both been proactive on this front. Specifically, Sam has begun to implement a number of initiatives that are focused on ‘developing the man behind the player’.

PLAYER DRIVEN: Under the leadership of Captain Matt Hodgson and our Standards Group (Sam Wykes, Pek Cowan, Ben McCalman, Alby Mathewson, Kyle Godwin and Patrick Dellit) the team remained committed to the key value of ‘earning respect’ and drove to constantly improve standards of behaviour, preparation and performance. In 2014, an emphasis was placed on our ability to challenge one another and as a result, ‘play to dominate’, not just compete. This combined with our experiences from the 2013 season, provided a greater certainty and belief in the character we wanted to display in our performances.

RECOGNITION: Local: Our season was officially recognised at the Nathan Sharpe Medal Dinner, where Matt Hodgson was awarded the Nathan Sharpe Medal after an outstanding Super Rugby season. In addition, Sam Wykes and Ben McCalman were recognised for their excellent contributions, particularly in driving team standards and on-field performance, in jointly receiving the inaugural Geoff Stooke Medal, while lock Adam Coleman claimed the Rising Star as acknowledgement for an impressive debut Super Rugby season. Finally, Nick Cummins’ impact on matches and unique relationship with our supporters were highlighted in being awarded the Members’ MVP. International: The success and the performances of the team on the field was in turn reflected in an increased number of players selected for national honours during 2014. Nick Cummins and Ben McCalman retained their positions within the Wallaby squad; Matt Hodgson and Pek Cowan were selected after three seasons outside the Test arena and Nathan Charles, Tetera Faulkner and Kyle Godwin all RUGBYWA 2014 ANNUAL REPORT

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became Wallabies for the first time (Nathan and Tetera made test debuts). Of note, Kieran Longbottom and Heath Tessmann were nominated for selection but were unable to receive the honour due to departure from Australia and injury respectively. It is the ambition of the program to continually grow our international representation in 2015. At the Under 20 level, Luke Burton (2014 Super Rugby debutant) and Brad Lacey (Wider Training Squad) were selected for their second IRB Junior World Championship in New Zealand. In addition, No.8 Ross Haylett-Petty and hooker Harry Scoble, who have been rewarded with contracts for the 2015 season, were also first choice forwards throughout the U20’s World Championship. Individual: A number of individual milestones were achieved during 2014, including: • Matt Hodgson – 100 Super Rugby matches (100 for the Western Force) • Alby Mathewson – 100 Super Rugby matches • Nathan Charles – 50 Super Rugby matches (50 for the Western Force) • Kieran Longbottom – 50 Super Rugby matches (50 for the Western Force) • Luke Morahan – 50 Super Rugby matches • Sias Ebersohn – 50 Super Rugby matches Throughout the season 13 players made their Super Rugby debut for the Western Force, including: • Wilhelm Steenkamp • Zack Holmes (local player) • Luke Morahan • Oliver Hoskins (local player) • Brynard Stander • Ian Prior • Adam Coleman • Marcel Brache

• • • • •

Chris Tuatara-Morrison Luke Burton (local player) Francois van Wyk Dillyn Leyds Ryan Hodson (local player)

DEPARTURES: We have farewelled a number of players, including Kieran Longbottom (Saracens, England), Salesi Manu (Treviso, Italy), Phoenix Battye (Beziers, France), Ryan Hodson (Jersey, England), Hugh McMeniman (Honda Heat, Japan), Jayden Hayward (Treviso, Italy), Chris Tuatara-Morrison (Castres, France), Nick Cummins (Red Sparks, Japan), Ed Stubbs (NSW Country Eagles), Dillyn Leyds (Western Province) and Dillyn Sage (UCT, South Africa). I would like to thank all of these players for their valuable contribution to creating such a driven and cohesive playing group that led to the side’s success in 2014. I would also like to thank and wish David Joyce all the best. He has worked tirelessly in his role as Head of Athletic Performance and will undoubtedly enjoy much success in his new adventure with the Greater Western Sydney Giants (AFL). Separately, inaugural Force staff member Brendyn Appleby (Strength & Conditioning Coach) now heads the strength & conditioning programme for the men’s Australian hockey team where his depth of knowledge will be well received. In what has been a rewarding season, I would like to thank all our families for their wonderful support, our staff for their outstanding dedication and our fans for their unwavering loyalty, particularly when times are tough. We are privileged to be able to pursue what we love and without you by our side, the adventure would not be possible or worthwhile. We look forward to continuing to build on the foundations laid into the future.

BACK ROW: Brad Lacey, Robbie Abel, Brynard Stander, Phoenix Battye, Chris Tuatara-Morrison, Salesi Manu, Chris Heiberg, Dylan Sage THIRD ROW: Ryan Louwrens, Ed Stubbs, Dillyn Leyds, Patrick Dellit, Ryan Hodson, Rory Walton, Marcel Brache, Francois van Wyk, Solomoni Rasolea, Luke Burton, Justin Turner SECOND ROW: Kieran Longbottom, Chris Alcock, Oliver Hoskins, Angus Cottrell, Hugh McMeniman, Sam Wykes, Adam Coleman, Wilhelm Steenkamp, Luke Morahan, Nathan Charles, Heath Tessmann, Tetera Faulkner FRONT ROW: Sias Ebersohn, Kyle Godwin, Jayden Hayward, Alby Mathewson, Ben McCalman, Michael Foley (Head Coach), Matt Hodgson (Captain), Mark Calverley (Manager), Pek Cowan, Nick Cummins, Dane Haylett-Petty, Zack Holmes, Ian Prior

2014 Western Force Squad

12

RUGBYWA 2014 ANNUAL REPORT


Season Review 2014 Super Rugby – Week 2

Sunday, 23 February 2014 - Allianz Stadium, Sydney

Waratahs: 43

(Israel Folau 3, Alofa Alofa, Kane Douglas, Kurtley Beale tries; Bernard Foley 5 conversions, 1 penalty)

Western Force: 21

(Nick Cummins, Kyle Godwin tries; Zack Holmes 1 conversion, 3 penalties)

2014 Super Rugby – Week 3

Saturday, 1 March 2014 - nib Stadium, Perth

Brumbies: 27

(Scott Fardy, Jesse Mogg, Robbie Coleman tries; Nic White 3 conversions, 2 penalties)

Western Force 14

(Jayden Hayward, Ben McCalman tries; Sias Eberson 2 conversions)

WESTERN FORCE

WARATAHS

1. Tetera Faulkner

1. Benn Robinson

2. Nathan Charles

2. Tatafu Polota-Nau

3. Kieran Longbottom

3. Paddy Ryan

4. Sam Wykes

4. Will Skelton

5. Wilhelm Steenkamp

5. Kane Douglas

6. Angus Cottrell

6. Dave Dennis (c)

7. Matt Hodgson (c)

7. Michael Hooper

8.Ben McCalman

8. Wycliff Palu

9. Alby Mathewson

9. Nick Phipps

10. Zack Holmes

10. Bernard Foley

11. Nick Cummins

11. Peter Betham

12. Kyle Godwin

12. Kurtley Beale

13. Junior Rasolea

13. Adam Ashley-Cooper

14. Patrick Dellit

14. Alofa Alofa

15. Luke Morahan

15. Israel Folau

RESERVES:

RESERVES:

16. Heath Tessmann

16. Tola Latuv

17. Pek Cowan

17. Jeremy Tilse

18. Oliver Hoskins

18. Sekope Kepu

19. Hugh McMeniman

19. Jacques Potgieter

20. Chris Alcock

20. Stephen Hoiles

21. Brynard Stander

21. Brendan McKibbin

22. Ian Prior

22. Rob Horne

23. Sias Ebersohn

23. Matt Carraro

WESTERN FORCE

WARATAHS

1. Tetera Faulkner

1. Scott Sio

2. Nathan Charles

2. Stephen Moore

3. Kieran Longbottom

3. Ben Alexander

4. Sam Wykes

4. Scott Fardy

5. Hugh McMeniman

5. Sam Carter

6. Chris Alcock

6. Ben Mowen (c)

7. Matt Hodgson (c)

7. David Pocock

8.Ben McCalman

8. Jarrad Butler

9. Alby Mathewson

9. Nic White

10. Zack Holmes

10. Matt Toomua

11. Nick Cummins

11. Robbie Coleman

12. Kyle Godwin

12. Pat McCabe

13. Junior Rasolea

13. Tevita Kuridrani

14. Patrick Dellit

14. Henry Speight

15. Luke Morahan

15. Jesse Mogg

RESERVES:

RESERVES:

16. Heath Tessmann

16. Siliva Siliva

17. Pek Cowan

17. Ruan Smith

18. Oliver Hoskins

18. Ruaidhri Murphy

19. Wilhelm Steenkamp

19. Leon Power

20. Angus Cottrell

20. Lachlan McCaffrey

21. Ian Prior

21. Conrad Hoffman

22. Sias Ebersohn

22. Andrew Smith

23. Jayden Hayward

23. Lionel Cronje

RUGBYWA 2014 ANNUAL REPORT

13


Season Review (cont.) 2014 Super Rugby – Week 4

WESTERN FORCE

Saturday, 8 March 2014 - nib Stadium, Perth

Western Force 32

(Alby Mathewson, Luke Morahan, Matt Hodgson, Angus Cottrell tries; Sias Ebersohn 3 conversions, 2 penalties)

Melbourne Rebels 7 (Telusa Veainu conversion)

try;

Bryce

Hegarty

1

2014 Super Rugby – Week 5

Saturday, 15 March 2014 - Forsyth Barr Stadium, Dunedin

Western Force 31

Nathan Charles, Sias Ebersohn, Ben McCalman, Solomoni Rasolea tries; Sias Ebersohn 4 conversions, 1 penalty)

Highlanders 29

(Shaun Treeby, Malakai Fekitoa, Hayden Parker tries; Liam Sopoaga 1 conversion, 4 penalties)

14

RUGBYWA 2014 ANNUAL REPORT

REBELS

1. Pek Cowan

1. Max Lahiff

2. Nathan Charles

2. Pat Leafa

3. Kieran Longbottom

3. Paul Alo-Emile

4. Sam Wykes

4. Hugh Pyle

5. Wilhelm Steenkamp

5. Cadeyrn Neville

6. Angus Cottrell

6. Sean McMahon

7. Matt Hodgson (c)

7. Colby Fainga’a

8. Ben McCalman

8. Scott Higginbotham (c)

9. Alby Mathewson

9. Luke Burgess

10. Sias Ebersohn

10. Angus Robertson

11. Nick Cummins

11. Lachlan Mitchell

12. Kyle Godwin

12. Mitch Inman

13. Junior Rasolea

13. Tamati Ellison

14. Luke Morahan

14. Tom Kingston

15. Jayden Hayward

15. Jason Woodward

RESERVES:

RESERVES:

16. Heath Tessmann

16. Shota Horie

17. Tetera Faulkner

17. Toby Smith

18. Oliver Hoskins

18. Laurie Weeks

19. Adam Coleman

19. Luke Jones

20. Brynard Stander

20. Lopeti Timani

21. Ian Prior

21. Ben Meehan

22. Zack Holmes

22. Bryce Hegarty

23. Marcel Brache

23. Telusa Veainu

WESTERN FORCE

HIGHLANDERS

1. Pek Cowan

1. Kane Hames

2. Nathan Charles

2. Liam Coltman

3. Kieran Longbottom

3. Chris King

4. Sam Wykes

4. Jarrad Hoeata

5. Wilhelm Steenkamp

5. Joe Wheeler

6. Angus Cottrell

6. John Hardie

7. Matt Hodgson (c)

7. Shane Christie

8. Ben McCalman

8. Nasi Manu (c)

9. Alby Mathewson

9. Aaron Smith

10. Sias Ebersohn

10. Liam Sopoaga

11. Nick Cummins

11. Kurt Baker

12. Kyle Godwin

12. Shaun Treeby

13. Junior Rasolea

13. Malakai Fekitoa

14. Luke Morahan

14. Richard Buckman

15. Jayden Hayward

15. Ben Smith (c)

RESERVES:

RESERVES:

16. Heath Tessmann

16. Ged Robinson

17. Tetera Faulkner

17. Matias Diaz

18. Oliver Hoskins

18. Craig Millar

19. Adam Coleman

19. Josh Bekhuis

20. Brynard Stander

20. Elliot Dixon

21. Ian Prior

21. Fumiaki Tanaka

22. Zack Holmes

22. Hayden Parker

23. Marcel Brache

23. Phil Burleigh


2014 Super Rugby – Week 6

Saturday, 22 March 2014 - nib Stadium, Perth

Western Force 18

(Matt Hodgson 2 tries; Sias Ebersohn 1 conversion, 2 penalties)

Chiefs 15

(Aaron Cruden 4 penalties, Gareth Anscombe 1 penalty)

2014 Super Rugby – Week 8

Saturday, 5 April 2014 - Suncorp Stadium, Brisbane.

Western Force 32

(Ben McCalman, Luke Morahan, Jayden Hayward tries; Sias Ebersohn 4 penalties, 1 drop goal; Jayden Hayward 1 conversion)

Queensland Reds 29

(Ben Tapuai, James Slipper tries; Quade Cooper 2 conversions, 1 penalty; Mike Harris 4 penalties).

WESTERN FORCE

CHIEFS

1. Pek Cowan

1. Jamie Mackintosh

2. Nathan Charles

2. Mahonri Schwagler

3. Kieran Longbottom

3. Ben Tameifuna

4. Sam Wykes

4. Michael Fitzgerald

5. Wilhelm Steenkamp

5. Brodie Retallick

6. Hugh McMeniman

6. Liam Messam

7. Matt Hodgson (c)

7. Sam Cane

8. Angus Cottrell

8. Liam Squire

9. Alby Mathewson

9. Tawera Kerr-Barlow

10. Sias Ebersohn

10. Aaron Cruden (c)

11. Nick Cummins

11. Asaeli Tikoirotuma

12. Kyle Godwin

12. Tom Marshall

13. Junior Rasolea

13. Tim Nanai-Williams

14. Luke Morahan

14. Mils Muliaina

15. Jayden Hayward

15. Gareth Anscombe

RESERVES:

RESERVES:

16. Heath Tessmann

16. Rhys Marshall

17. Tetera Faulkner

17. Pauliasi Manu

18. Oliver Hoskins

18. Josh Hohneck

19. Adam Coleman

19. Kane Thompson

20. Brynard Stander

20. Tanerau Latimer

21. Ian Prior

21. Augstine Pulu

22. Zack Holmes

22. Andrew Horrell

23. Marcel Brache

23. Anton Lienert-Brown

WESTERN FORCE

REDS

1. Pek Cowan

1. James Slipper

2. Nathan Charles

2. James Hanson

3. Kieran Longbottom

3. Greg Holmes

4. Sam Wykes

4. Rob Simmons

5. Wilhelm Steenkamp

5. James Horwill (c)

6. Angus Cottrell

6. Eddie Quirk

7. Matt Hodgson (c)

7. Beau Robinson

8. Ben McCalman

8. Jake Schatz

9. Alby Mathewson

9. Will Genia

10. Sias Ebersohn

10. Quade Cooper

11. Nick Cummins

11. Jamie-Jerry Taulagi

12. Kyle Godwin

12. Mike Harris

13. Junior Rasolea

13. Ben Tapuai

14. Luke Morahan

14. Rod Davies

15. Jayden Hayward

15. Ben Lucas

RESERVES:

RESERVES:

16. Heath Tessmann

16. Albert Anae

17. Tetera Faulkner

17. Pettowa Paraka

18. Oliver Hoskins

18. Jono Owen

19. Adam Coleman

19. Ed O’Donoghue

20. Brynard Stander

20. Curtis Browning

21. Ian Prior

21. Nick Frisby

22. Zack Holmes

22. Anthony Fainga’a

23. Marcel Brache

23. Jonah Placid

RUGBYWA 2014 ANNUAL REPORT

15


Season Review (cont.) 2014 Super Rugby – Week 9

Saturday, 12 April 2014 - nib Stadium Perth

WARATAHS

1. Pek Cowan

1. Benn Robinson

2. Nathan Charles

2. Tatafu Polota

3. Kieran Longbottom

3. Sekope Kepu

4. Sam Wykes

4. Will Skelton

(Nick Cummins 3 tries; Sias Ebersohn 2 conversions, 3 penalties)

5. Wilhelm Steenkamp

5. Kane Douglas

6. Angus Cottrell

6. Jacques Potgieter

NSW Waratahs 16

7. Matt Hodgson (c)

7. Michael Hooper

8. Ben McCalman

8. Dave Dennis (c)

9. Alby Mathewson

9. Nick Phipps

10. Sias Ebersohn

10. Bernard Foley

11. Nick Cummins

11. Rob Horne

12. Kyle Godwin

12. Kurtley Beale

13. Marcel Brache

13. Adam Ashley-Cooper

14. Luke Morahan

14. Cam Crawford

15. Dane Haylett-Petty

15. Jono Lance

RESERVES:

RESERVES:

16. Heath Tessmann

16. Tola Latu

17. Tetera Faulkner

17. Jeremy Tilse

18. Oliver Hoskins

18. Paddy Ryan

19. Adam Coleman

19. Tala Gray

20. Brynard Stander

20. Stephen Hoiles

21. Ian Prior

21. Pat McCutcheon

22. Zack Holmes

22. Brendan McKibbin

23. Chris Tuatara-Morrison

23. Matt Carraro

Western Force 28

(Kurtley Beale tries; Bernard Foley 1 conversion, 1 penalty; Kurtley Beale 2 penalties).

2014 Super Rugby – Week 10

Friday, 18 April 2014 - AAMI Park, Melbourne

Melbourne Rebels 22

(Scott Higginbotham tries; Jason Woodward 1 conversion, 5 penalties)

Western Force 16

(Nick Cummins try; Sias Ebersohn 3 penalties; Zack Holmes 1 conversion)

16

WESTERN FORCE

RUGBYWA 2014 ANNUAL REPORT

WESTERN FORCE

REBELS

1. Pek Cowan

1. Toby Smith

2. Nathan Charles

2. Shota Horie

3. Kieran Longbottom

3. Laurie Weeks

4. Adam Coleman

4. Cadeyrn Neville

5. Wilhelm Steenkamp

5. Luke Jones

6. Angus Cottrell

6. Colby Fainga’a

7. Matt Hodgson (c)

7. Scott Fuglistaller

8.Ben McCalman

8. Scott Higginbotham (c)

9. Ian Prior

9. Nic Stirzaker

10. Sias Ebersohn

10. Bryce Hegarty

11. Nick Cummins

11. Tom English

12. Kyle Godwin

12. Mitch Inman

13. Marcel Brache

13. Tamati Ellison

14. Patrick Dellit

14. Male Sau

15. Dane Haylett-Petty

15. Jason Woodward

RESERVES:

RESERVES:

16. Heath Tessmann

16. Pat Leafa

17. Tetera Faulkner

17. Cruze Ah-Nau

18. Oliver Hoskins

18. Paul Alo-Emile

19. Phoenix Battye

19. Hugh Pyle

20. Brynard Stander

20. Sean McMahon

21. Justin Turner

21. Luke Burgess

22. Zack Holmes

22. Tom Kingston

23. Chris Tuatara-Morrison

23. Angus Roberts


2014 Super Rugby – Week 11

Saturday, 26 April 2014 - nib Stadium Perth

Western Force 15

(Sias Ebersohn 5 penalties)

Bulls 9

(Jacques-Louis Potgieter 2 penalty goals, Handré Pollard 1 penalty)

2014 Super Rugby – Week 13

Saturday, 10 May 2014 at Free State Stadium, Bloemfontein.

Western Force 23

(Jayden Hayward, Nick Cummins tries; Sias Ebersohn 2 conversions, 3 penalties)

Cheetahs 16

(Boom Prinsloo try; Johan Goosen conversion, 3 penalties)

WESTERN FORCE

BULLS

1. Pek Cowan

1. Dean Greyling

2. Nathan Charles

2. Bongi Mbonambi

3. Kieran Longbottom

3. Werner Kruger

4. Sam Wykes

4. Paul Willemse

5. Adam Coleman

5. Victor Matfield (c)

6. Angus Cottrell

6. Jono Ross

7. Matt Hodgson (c)

7. Jacques du Plessis

8. Ben McCalman

8. Grant Hattingh

9. Ian Prior

9. Francois Hougaard

10. Sias Ebersohn

10. Jacques-Louis Potgieter

11. Nick Cummins

11. Bjorn Basson

12. Kyle Godwin

12. Jan Serfontein

13. Marcel Brache

13. JJ Englebrecht

14. Dane Haylett-Petty

14. Akona Ndungane

15. Jayden Hayward

15. Jurgen Visser

RESERVES:

RESERVES:

16. Heath Tessmann

16. Bandise Maku

17. Tetera Faulkner

17. Marcel van der Merwe

18. Oliver Hoskins

18. Jacques Engelbrecht

19. Wilhelm Steenkamp

19. Willem van der Walt

20. Brynard Stander

20. Rudy Paige

21. Justin Turner

21. Handré Pollard

22. Zack Holmes

22. Ulrich Beyers

23. Chris Tuatara-Morrison

23. Morné Mellett

WESTERN FORCE

CHEETAHS

1. Pek Cowan

1. Caylib Oosthuizen

2. Nathan Charles

2. Adriaan Strauss (c)

3. Kieran Longbottom

3. Coenie Oosthuizen

4. Adam Coleman

4. Andries Ferreira

5. Sam Wykes

5. Francois Uys

6. Angus Cottrell

6. Heinrich Brssow

7. Matt Hodgson (c)

7. Teboho Mohoje

8. Ben McCalman

8. Boom Prinsloo

9. Ian Prior

9. Sarel Pretorius

10. Sias Ebersohn

10. Johan Goosen

11. Nick Cummins

11. Willie le Roux

12. Kyle Godwin

12. Rayno Benjamin

13. Marcel Brache

13. Johann Sadie

14. Dane Haylett-Petty

14. Raymond Rhule

15. Jayden Hayward

15. Hennie Daniller

RESERVES:

RESERVES:

16. Heath Tessman

16. Torsten van Jaarsveld

17. Tetera Faulkner

17. Trevor Nyakane

18. Oliver Hoskins

18. Maks van Dyk

19. Wilhelm Steenkamp

19. Carel Greef

20. Brynard Stander

20. Waltie Vermeulen

21. Justin Turner

21. Shaun Venter

22. Zack Holmes

22. Elgar Watts

23. Chris Tuatara-Morrison

23. Cornal Hendricks

RUGBYWA 2014 ANNUAL REPORT

17


Season Review (cont.) 2014 Super Rugby – Week 14

Saturday, 17 April 2014 - DHL Newlands, Cape Town.

Stormers 24

(Juan de Jongh, Ruan Botha tries, Penalty Try; Peter Grant 3 conversions, 1 penalty)

Western Force 8

(Matt Hodgson try; Sias Ebersohn 1 penalty)

2014 Super Rugby – Week 15

Saturday, 24 May 2014 - nib Stadium, Perth

Western Force 29

(Matt Hodgson 2; Jayden Hayward, Chris Tuatara-Morrison tries; Jayden Hayward 2 conversions, Sias Ebersohn conversion,

Lions 19

(Elton Jantjies try; Marnitz Boshoff conversion, 3 penalties)

18

RUGBYWA 2014 ANNUAL REPORT

WESTERN FORCE

STORMERS

1. Pek Cowan

1. Brock Harris

2. Nathan Charles

2. Deon Fourie

3. Kieran Longbottom

3. Pat Cilliers

4. Sam Wykes

4. Michael Rhodes

5. Adam Coleman

5. Ruan Botha

6. Angus Cottrell

6. Nizaam Carr

7. Matt Hodgson (c)

7. Siya Kolisi

8. Ben McCalman

8. Duane Vermeulen (c)

9. Ian Prior

9. Nic Groom

10. Sias Ebersohn

10. Peter Grant

11. Nick Cummins

11. Cheslin Kolbe

12. Luke Burton

12. Damian de Allende

13. Chris Tuatara-Morrison

13. Juan de Jongh

14. Marcel Brache

14. Kobus van Wyk

15. Jayden Hayward

15. Jaco Taute

RESERVES:

RESERVES:

16. Heath Tessmann

16. Stephen Coetzee

17. Tetera Faulkner

17. Alistair Vermaak

18. Oliver Hoskins

18. Martin Dreyer

19. Wilhelm Steenkamp

19. Jean Kleyn

20. Brynard Stander

20. Steven Kitshoff

21. Justin Turner

21. Dylon Frylinck

22. Zack Holmes

22. Kurt Coleman

WESTERN FORCE

LIONS

1. Pek Cowan

1. Corne Fourie

2. Nathan Charles

2. Armand van der Merwe

3. Kieran Longbottom

3. Ruan Dreyer

4. Sam Wykes

4. Rudi Mathee

5. Wilhelm Steenkamp

5. Franco Mostert

6. Angus Cottrell

6. Jaco Kriel

7. Matt Hodgson (c)

7. Warwick Tecklenburg

8. Ben McCalman

8. Warren Whitely (c)

9. Ian Prior

9. Ross Cronje

10. Sias Ebersohn

10. Marnitz Boshoff

11. Nick Cummins

11. Antony Volmink

12. Luke Burton

12. Alwyn Hollenbach

13. Chris Tuatara-Morrison

13. Deon Rensburg

14. Dane Haylett-Petty

14. JW Jonker

15. Jayden Hayward

15. Coenie van Wyk

RESERVES:

RESERVES:

16. Heath Tessmann

16. Robbie Coetzee

17. Francois van Wyk

17. Jacques van Rooyen

18. Oliver Hoskins

18. Julian Redelinghuys

19. Adam Coleman

19. Willie Britz

20. Brynard Stander

20. Stephan de Wit

21. Justin Turner

21. Faf de Klerk

22. Zack Holmes

22. Elton Jantjies

23. Patrick Dellit

23. Stefan Watermeyer


2014 Super Rugby – Week 16

Friday, 30 May 2014 - AMI Stadium Christchurch.

Crusaders 30

(Johnny McNicholl try; 2 penalty tries; Colin Slade 3 conversions, 3 penalties)

Western Force 7 (Dane Haylett-Petty conversion)

try;

Sias

Ebersohn

2014 Super Rugby – Week 17

Saturday, 28 June 2014 - nib Stadium Perth

Blues 40

(Ihaia West, Charlie Faumina, Lolagi Visinia, Ma’a Nonu, Luke Braid, Pita Ahki tries; Ihaia West 6 conversions)

Western Force 14

(Nathan Charles, Brynard Stander tries; Jayden Hayward 2 conversions)

WESTERN FORCE

CRUSADERS

1. Pek Cowan

1. Tim Perry

2. Nathan Charles

2. Ben Funnell

3. Kieran Longbottom

3. Nepo Laulala

4. Sam Wykes

4. Dominic Bird

5. Wilhelm Steenkamp

5. Samuel Whitelock

6. Brynard Stander

6. Jordan Taufua

7. Matt Hodgson (c)

7. Richie McCaw

8. Angus Cottrell

8. Kieran Read (c)

9. Ian Prior

9. Andy Ellis

10. Sias Ebersohn

10. Collin Slade

11. Nick Cummins

11. Nemani Nadolo

12. Chris Tuatara-Morrison

12. Ryan Crotty

13. Patrick Dellit

13. Tom Taylor

14. Dane Haylett-Petty

14. Johnny McNicholl

15. Jayden Hayward

15. Israel Dagg

RESERVES:

RESERVES:

16. Heath Tessmann

16. Corey Flynn

17. Francois van Wyk

17. Wyatt Crockett

18. Oliver Hoskins

18. Owen Franks

19. Adam Coleman

19. Jimmy Tupou

20. Ryan Hodgson

20. Luke Whitelock

21. Justin Turner

21. Willi Heinz

22. Zack Holmes

22. Adam Whitelock

23. Dillyn Leyds

23. Nafi Tuitavake

WESTERN FORCE

BLUES

1. Pek Cowan

1. Tony Woodcock

2. Nathan Charles

2. Keven Mealamu

3. Kieran Longbottom

3. Charlie Faumuina

4. Sam Wykes

4. Tom Donnelly

5. Adam Coleman

5. Patrick Tuipulotu

6. Hugh McMeniman

6. Steven Luatua

7. Matt Hodgson (c)

7. Luke Braid

8. Ben McCalman

8. Jerome Kaino

9. Alby Mathewson

9. Bryn Hall

10. Sias Ebersohn

10. Ihaia West

11. Junior Rasolea

11. George Moala

12. Chris Tuatara-Morrison

12. Ma’a Nonu

13. Marcel Brache

13. Pita Ahki

14. Dane Haylett-Petty

14. Frank Halai

15. Jayden Hayward

15. Lolagi Visinia

RESERVES:

RESERVES:

16. Heath Tessmann

16. James Parsons

17. Tetera Faulkner

17. Angus Ta’avao

18. Oliver Hoskins

18. Ofa Tu’ngafasi

19. Wilhelm Steenkamp

19. Hayden Triggs

20. Brynard Stander

20. Peter Saili

21. Ian Prior

21. Piri Weepu

22. Zack Holmes

22. Francis Saili

23. Dillyn Leyds

23. Tevita Li

RUGBYWA 2014 ANNUAL REPORT

19


Season Review (cont.) 2014 Super Rugby – Week 18

Saturday, 5 July 2014 - nib Stadium, Perth

Western Force 30

(Nick Cummins, Ben McCalman, Nathan Charles tries; Jayden Hayward 3 conversions, 3 penalties)

Reds 20

(Samu Kerevi, Albert Anae tries; Mike Harris 2 conversions, 3 penalties)

2014 Super Rugby – Week 19

Friday, 11 July 2014 - GIO Stadium, Canberra

Brumbies 47

(Matt Toomua 3, Henry Speight, Jesse Mogg, Tom McVerry, Joe Tomane tries; Christian Leali’ifano 3 conversions, 2 penalties)

Western Force 25

(Pek Cowan, Zack Holmes, Chris TuataraMorrison tries; Jayden Hayward conversion, 2 penalties, Sias Ebersohn conversion)

20

RUGBYWA 2014 ANNUAL REPORT

WESTERN FORCE

REDS

1. Pek Cowan

1. Ben Daley

2. Nathan Charles

2. James Hanson

3. Kieran Longbottom

3. James Slipper

4. Sam Wykes

4. Rob Simmons

5. Wilhelm Steenkamp

5. James Horwill (c)

6. Hugh McMeniman

6. Curtis Browning

7. Matt Hodgson (c)

7. Beau Robinson

8. Ben McCalman

8. Jake Schatz

9. Ian Prior

9. Nick Frisby

10. Zack Holmes

10. Ben Lucas

11. Nick Cummins

11. Lachie Turner

12. Chris Tuatara-Morrison

12. Ben Tapuai

13. Marcel Brache

13. Samu Kerevi

14. Dane Haylett-Petty

14. Rod Daviesv

15. Jayden Hayward

15. Mike Harris

RESERVES:

RESERVES:

16. Heath Tessmann

16. Saia Fainga’a

17. Tetera Faulkner

17. Albert Anae

18. Oliver Hoskins

18. Sef Faagase

19. Adam Coleman

19. Dave McDuling

20. Brynard Stander

20. Tim Buchanan

21. Justin Turner

21. Scott Gale

22. Dillyn Leyds

22. Sam Johnson

23. Junior Rasolea

23. Jamie-Jerry Taulagi

WESTERN FORCE

BRUMBIES

1. Pek Cowan

1. Scott Sio

2. Nathan Charles

2. Josh Mann-Rea

3. Kieran Longbottom

3. Ben Alexander

4. Sam Wykes

4. Sam Carter

5. Wilhelm Steenkamp

5. Leon Power

6. Brynard Stander

6. Scott Fardy

7. Matt Hodgson (c)

7. Jarrad Butler

8. Ben McCalman

8. Ben Mowen (c)

9. Ian Prior

9. Nic White

10. Zack Holmes

10. Matt Toomua

11. Nick Cummins

11. Clyde Rathbone

12. Chris Tuatara-Morrison

12. Christian Leali’ifano

13. Junior Rasolea

13. Tevita Kuridrani

14. Dane Haylett-Petty

14. Henry Speight

15. Jayden Hayward

15. Jesse Mogg

RESERVES:

RESERVES:

16. Heath Tessmann

16. Ruaidhri Murphy

17. Tetera Faulkner

17. Ruan Smith

18. Oliver Hoskins

18. JP Smith

19. Adam Coleman

19. Fotu Auelua

20. Chris Alcock

20. Tom McVerry

21. Alby Mathewson

21. Michael Dowsett

22. Sias Ebersohn

22. Joe Tomane

23. Luke Burton

23. Pat McCabe


Perth Spirit Season Report The Buildcorp National Rugby Championship (NRC) enjoyed its inaugural season in 2014 with the Perth Spirit competing as one of nine Australian teams in the provincial competition.

RugbyWA Junior Elite Coach, Dwayne Nestor and Elwee Prinsloo, who had previously coached WA Under 16, Schoolboys, Under 19, Under 20, Perth Gold and Force A, were appointed assistant coaches for the side.

Charged with growing player base available in Western Australia, the Perth Spirit used a combination of players from the Western Force and club players from the Pindan Premier Grade competition, with the Spirit finishing the regular season inside the top four with three wins from eight matches.

Perth Spirit home matches provided an opportunity to bring a higher level of rugby to our fans across Perth with the matches played at local clubs UWA (McGillivray Oval), Joondalup Brothers (Arena Joondalup) and Rockingham (Lark Hill Sports Complex). Thanks must go to these clubs in helping deliver a professional event for our supporters.

An emphatic 45-29 semi-final victory over the undefeated Melbourne Rising in Melbourne saw the side qualify for the final in Brisbane, before going down 37-26 to Brisbane City at Ballymore.

A 2,300 strong crowd ‘filled the hill’ at McGillivray against Brisbane City, while 1,445 were in attendance at Arena Joondalup and 912 at Lark Hill against the Sydney Stars and Queensland Country respectively.

Throughout the competition, 42 players wore the black and gold jersey with 19 of those solely from our local club competition. Nine clubs were represented, a step forward in providing another pathway between local club representation and Super Rugby.

The Perth Spirit would not have been able to run without the wonderful support of our partners Property Club, AFEX, Retravision, CD Dodd and Pindan. We would like to thank them for their support in helping us grow the rugby talent in Western Australia.

The opportunity for local players will also benefit their clubs as the players bring the knowledge and experiences gained back into their training and games which will assist in lifting the standard of the Pindan Premier Grade competition.

Thanks must also go to the local Pindan Premier Grade clubs for their support of the programme and for providing players to the Spirit.

The competition also rewarded six players with full-time opportunities: Ross Haylett-Petty (Cottesloe) and Brad Lacey (Wests Scarborough) were signed to Extended Playing Squad contracts with the Western Force; Associates centre Ammon Matuauto joined the Force’s Wider Training Group; and Richard Hardwick (UWA), Kane Koteka (Wests Scarborough) and Harry Scoble (UWA) were the inaugural recipients of the Future Force full-time academy.

Andrew Hill General Manager, Perth Spirit

The Perth Spirit operated as an extension of the Western Force program, providing an opportunity for club players to be involved with the professional program, while allowing the Asteron Life Super Rugby-contracted players to continue their preparations for the season ahead at a time when previously there were limited rugby opportunities. The flow-on effect saw the Western Force contracted players return after their break and meet their markers of power, strength and fitness at beginning of the 2015 Asteron Life Super Rugby pre-season so they could immediately begin a rugby focus. The competition also provided another opportunity for Western Force players to push for higher honours, with Kyle Godwin and Tetera Faulkner both earning a call-up to the Wallabies after representing the Perth Spirit. The Perth Spirit also provided development opportunities for Western Force Senior Assistant Coach, David Wessels and Backs/Attack Coach, Kevin Foote to share the head coaching responsibilities for the team.

RUGBYWA 2014 ANNUAL REPORT

21


Season Review 2014 Buildcorp National Rugby Championship Week 1 Saturday, 23rd August 14 - Viking Park, Canberra

PERTH SPIRIT 1. Alec Hepburn 2. Heath Tessmann 3. Oliver Hoskins

Perth Spirit 28

(Zack Holmes, Dillyn Leyds, Heath Tessmann, Ammon Matuauto tries; Zack Holmes conversion, Luke Burton conversion, penalty)

Canberra Vikings 23

(Robbie Coleman 2; Isaac Thompson, Nigel Ah Wong tries; Christian Lealiifano conversion)

4. Rory Walton 5. Brent Murphy 6. Corey Thomas 7. Kane Koteka 8. Alex Rovira 9. Justin Turner 10. Zack Holmes 11. Nili Fielea 12. Luke Burton 13. Ammon Matuauto 14. Va’a Mailei 15. Dillyn Leyds RESERVES 16. Harry Scoble 17. Joe Savage 18. Chris Heiberg 19. Kieran Stringer 20. Richard Hardwick 21. Michael Ruru 22. Davis Tavita 23. Daley Harper

2014 Buildcorp National Rugby Championship Week 2 Sunday, 31st August 14 - McGillvray Oval, Perth

PERTH SPIRIT 1. Pek Cowan 2. Heath Tessmann 3. Tetera Faulkner 4. Sam Wykes

Brisbane City 26

(Pettowa Paraka 2; Chris Kuridrani, Junior Laloifi tries; Jake McIntyre 2 conversions)

Perth Spirit 21

(Dillyn Leyds 2; Heath Tessmann tries; Dillyn Leyds 2 conversions)

5. Rory Walton 6. Brynard Stander 7. Matt Hodgson 8. Ross Haylett-Petty 9. Justin Turner 10. Dillyn Leyds 11. Marcel Brache 12. Kyle Godwin 13. Junior Rasolea 14. Luke Morahan 15. Dane Haylett-Petty RESERVES: 16. Robbie Abel 17. Joe Savage 18. Oliver Hoskins 19. Corey Thomas 20. Richard Hardwick 21. Ian Prior 22. Zack Holmes 23. Va’a Mailei

22

RUGBYWA 2014 ANNUAL REPORT

CANBERRA VIKINGS 1. JP Smith 2. Mitch Wade 3. Ruan Smith 4. Tom Staniforth 5. Tim Cree 6. Jordan Smiler 7. Jarrad Butler 8. Fotu Auelua (c) 9. Michael Dowsett 10. Isaac Thompson 11. Robbie Coleman 12. Christian Lealiifano 13. Nigel Ah Wong 14. Jerome Nuimata 15. Jesse Mogg RESERVES 16. Seilala Lam 17. Allan Alaalatoa 18. Les Makin 19. Dave McKern 20. Sean Doyle 21. Edan Campbell-O’Brien 22. Jake Rakic 23. Brendon Taueki

BRISBANE CITY 1. Pettowa Paraka 2. Andrew Ready 3. Phil Kite 4. Marco Kotze 5. James Horwill 6. Dave McDuling 7. Michael Gunn 8. Tim Buchanan 9. Nick Frisby 10. Jake McIntyre 11. Harry Parker 12. Rex Tapuai 13. Samu Kerevi 14. Chris Kuridrani 15. Matthew Feaunati RESERVES 16. David Feao, 17. Matt Mafi 18. Sam Talakai 19. Brad Wilkin 20. Adam Korczyk 21. Jack Mullins 22. James Dalgleish 23. Toby White


2014 Buildcorp National Rugby Championship Week 3

Saturday, 6 September - Adelaide Airport Stadium, Adelaide

Greater Sydney Rams 44

(Taqele Naiyarvaro 3; Jed Holloway, Jerome McKenzie, Steve Mafi tries; Ben Volavola 4 conversions, penalty goal)

Perth Spirit 34

(Alec Hepburn, Zack Holmes, Dillyn Leyds, Harry Scoble, Va’a Mailei tries; Ian Prior 3 conversions)

PERTH SPIRIT 1. Alec Hepburn 2. Robbie Abel 3. Oliver Hoskins 4. Corey Thomas 5. Kieran Stringer 6. Brent Murphy 7. Kane Koteka 8. Alex Rovira 9. Ian Prior 10. Zack Holmes 11. Nili Fielea 12. Luke Burton 13. Ammon Matuauto 14. Brad Lacey 15. Dillyn Leyds RESERVES: 16. Harry Scoble 17. Joe Savage 18. Chris Heiberg 19. Rory Walton 20. Richard Hardwick 21. Justin Turner 22. Davis Tavita 23. Va’a Mailei

2014 Buildcorp National Rugby Championship Week 4 Thursday, 11 September 2014 - AAMI Park, Melbourne

Melbourne Rising 44

(Lopeti Timani 2, Telusa Veaini 2; Cadeyrn Neville, Luke Burgess, Joe Kamana tries; Jack Debreczeni 2 conversions, Telusa Veainu conversion)

Perth Spirit 24

(Alex Rovira, Zack Holmes, Brad Lacey tries; Zack Holmes 2 conversions, Luke Burton conversion)

PERTH SPIRIT 1. Joe Savage 2. Harry Scoble 3. Chris Heiberg 4. Rory Walton 5. Brent Murphy 6. Brynard Stander 7. Richard Hardwick 8. Alex Rovira 9. Ian Prior 10. Dillyn Leyds 11. Nili Fielea 12. Luke Burton 13. Ammon Matuauto 14. Brad Lacey 15. Zack Holmes RESERVES: 16. Kieran Stringer 17. Alec Hepburn 18. Oliver Hoskins 19. Corey Thomas 20. Kane Koteka 21. Michael Ruru 22. Davis Tavita 23. Va’a Mailei

GREATER SYDNEY RAMS 1. Benn Robinson 2. Hugh Roach 3. Guy Millar 4. Jared Barry 5. Dylan Sigg 6. Steve Mafi 7. Hugh Perrett 8. Jed Holloway (c) 9. Mark Swanepoel 10. Ben Volavola 11. Taqele Naiyarvaro 12. Henry Taefu 13. Michael McDougall 14. Jerome McKenzie 15. Dane Chisolm RESERVES 16. Maile Ngauamo 17. Jed Gillespie 18. Dave Lolohea 19. Michale Kovavcic 20. Pat Sio 21. Vasa Falaelii 22. Jai Ayoub 23. Lalakai Foketi

MELBOURNE RISING 1. Toby Smith 2. Pat Leafa 3. Paul Alo-Emile 4. Sam Jeffries 5. Cadeyrn Neville 6. Luke Jones 7. Sean McMahon 8. Lopeti Timani 9. Nic Stirzaker 10. Jack Debreczeni 11. Joe Kamana 12. Mitch Inman 13. Sefanaia Naivalu 14. Telusa Veainu 15. Jonah Placid RESERVES 16. Tom Sexton 17. Tuiatua Tuia 18. Cruze Ah-Nau 19. Pom Simona 20. Sione Taufa 21. Luke Burgess 22. Lloyd Johansson 23. Tom English

RUGBYWA 2014 ANNUAL REPORT

23


Season Review (cont.) 2014 Buildcorp National Rugby Championship Week 5 Saturday, 20 September at Brookvale Oval, Sydney

PERTH SPIRIT 1. Joe Savage 2. Robbie Abel 3. Oliver Hoskins

North Harbour Rays 32

(Sam Ward 3, Harry Bergelin tries; Hamish Angus 4 conversions)

Perth Spirit 29

(Ammon Matuauto 2, Zack Holmes, Dillyn Leyds tries; Zack Holmes 3 conversions)

4. Corey Thomas 5. Brent Murphy 6. Richard Hardwick 7. Kane Koteka 8. Alex Rovira 9. Justin Turner 10. Zack Holmes 11. Va’a Mailei 12. Luke Burton 13. Ammon Matuauto 14. Brad Lacey 15. Dillyn Leyds RESERVES: 16. Harry Scoble 17. Alec Hepburn 18. Kaiser Reidy 19. Scott Stevens 20. Ross Haylett-Petty 21. Nili Fielea 22. Michael Ruru 23. Davis Tavita

2014 Buildcorp National Rugby Championship Week 6 Sunday, 28 September - HBF Arena, Joondalup

Perth Spirit 63

(Robbie Abel 2, Junior Rasolea 2, Kyle Godwin, Ross Haylett-Petty, Ian Prior, Luke Morahan, Marcel Brache tries; Ian Prior 6 conversions)

Sydney Stars 21

(Laurie Weeks, Andrew Leota, Paddy Ryan tries; Jack Macklin 2 conversions)

PERTH SPIRIT 1. Joe Savage 2. Robbie Abel 3. Tetera Faulkner 4. Sam Wykes 5. Brent Murphy 6. Brynard Stander 7. Richard Hardwick 8. Ross Haylett-Petty 9. Ian Prior 10. Zack Holmes 11. Marcel Brache 12. Kyle Godwin 13. Junior Rasolea 14. Luke Morahan 15. Dane Haylett-Petty RESERVES 16. Harry Scoble 17. Chris Heiberg 18. Oliver Hoskins 19. Kieran Stringer 20. Kane Koteka 21. Alex Rovira 22. Justin Turner 23. Dillyn Leyds

24

RUGBYWA 2014 ANNUAL REPORT

NORTH HARBOUR RAYS 1. Toby Smith 2. Pat Leafa 3. Paul Alo-Emile 4. Sam Jeffries 5. Cadeyrn Neville 6. Luke Jones 7. Sean McMahon 8. Lopeti Timani 9. Nic Stirzaker 10. Jack Debreczeni 11. Joe Kamana 12. Mitch Inman 13. Sefanaia Naivalu 14. Telusa Veainu 15. Jonah Placid RESERVES 16. Tom Sexton 17. Tuiatua Tuia 18. Cruze Ah-Nau 19. Pom Simona 20. Sione Taufa 21. Luke Burgess 22. Lloyd Johansson 23. Tom English

SYDNEY STARS 1. Paddy Ryan 2. James Willan 3. Laurie Weeks 4. Andrew Leota 5. Will Skelton 6. Hugo Dessens 7. Patrick McCutcheon (c) 8. Sam Quinn 9. Jake Gordon 10. Stuart Dunbar 11. Jono Sullivan 12. Jim Stewart 13. Michael Hodges 14. James Dargaville 15. Jack Macklin RESERVES 16. Tom Coolican 17. Tom Robertson 18. Jeremy Tilse 19. Matthew Philip 20. Mitchell Whitely 21. Jock Merriman 22. Angus Roberts 23. Johnny Loseli


2014 Buildcorp National Rugby Championship Week 7 Saturday, 4 October - Lark Hill Sportsplex, Rockingham

Perth Spirit 68

(Kane Koteka 3, Robbie Abel 2, Brynard Stander, Christian Joubert, Luke Morahan, Joe Savage, Va’a Mailei tries; Zack Holmes 4, Ian Prior conversions)

Queensland Country 29

(Jack de Guingand 3, Blake Enever tries; Matt Brandon 3 conversions)

PERTH SPIRIT 1. Joe Savage 2. Robbie Abel 3. Tetera Faulkner 4. Sam Wykes 5. Brent Murphy 6. Brynard Stander 7. Kane Koteka 8. Alex Rovira 9. Ian Prior 10. Zack Holmes 11. Christian Joubert 12. Luke Burton 13. Kyle Godwin 14. Luke Morahan 15. Dane Haylett-Petty RESERVES 16. Harry Scoble 17. Chris Heiberg 18. Oliver Hoskins 19. Scott Stevens 20. Richard Hardwick 21. Justin Turner 22. Davis Tavita 23. Va’a Mailei

2014 Buildcorp National Rugby Championship Week 9 Saturday, 18 October - Caltex Park, Dubbo

NSW Country Eagles 40

(Michael Ruru 2, Chris Heiberg, Va’a Mailei, Robbie Abel tries; Zack Holmes 2 Luke Burton conversions)

Perth Spirit 34

(Michael Ruru 2, Chris Heiberg, Va’a Mailei, Robbie Abel tries; Zack Holmes 2 Luke Burton conversions)

PERTH SPIRIT 1. Joe Savage 2. Robbie Abel 3. Chris Heiberg 4. Corey Thomas 5. Brent Murphy 6. Richard Hardwick 7. Kane Koteka 8. Alex Rovira 9. Justin Turner 10. Zack Holmes 11. Koiatu Koiatu 12. Luke Burton 13. Ammon Matuauto 14. Va’a Mailei 15. Christian Joubert RESERVES 16. Harry Scoble 17. Oliver Hoskins 18. Kaisa Reidy 19. Kieran Stringer 20. Cian O’Connor 21. Michael Ruru 22. Davis Tavita 23. Nili Fielea

QUEENSLAND COUNTRY 1. Haydn Hirsimaki 2. Ryan Freney 3. Campbell Wakely 4. Rubin Fuimaono 5. Blake Enever 6. Mitch King 7. Jack de Guingand 8. Ben Adams 9. Sam Grasso 10. Matt Brandon 11. Giles Beveridge 12. Sam Johnson 13. Campbell Magnay 14. Tom Pincus 15. Jamie-Jerry Taulagi RESERVES 16. Michael Parker 17. Feao Fotuaika 18. Andrew Parker 19. Sam Fattal 20. James Turner 21. James Tuttle 22. Herman Porter 23. Pierce Fitzgerald

NSW COUNTRY EAGLES 1. Duncan Chubb 2. Bill Johnston 3. Jake Illnicki 4. Ben Matwijow 5. Richard Stanford 6. Tala Gray 7. Will Miller 8. Stephen Hoiles 9. Brendan McKibbin 10. Sam Windsor 11. Andrew Kellaway 12. Apukuki Maufu 13. Samu Wara 14. Joel Brooks 15. Darcy Etrich RESERVES 16. Michael Alaalatoa 17. Ben Suisala 18. Will Weeks 19. Cam Treloar 20. Mick Snowden 21. Pauli Tuala 22. Eli Sinoti 23. Malakai Watene-Zelezniak

RUGBYWA 2014 ANNUAL REPORT

25


Season Review (cont.) 2014 Buildcorp National Rugby Championship Week 10 – Semi Final Saturday, 25 October - AAMI Park Melbourne

Perth Spirit 45

(Marcel Brache 2, Ammon Matuauto 2, Oliver Hoskins, Sam Wykes tries; Zack Holmes 5 conversions)

Melbourne Rising 29

(Mitch Inman, Jonah Placid, Sefanaia Naivalu, Jack Debreczeni tries; Jack Debreczeni 3 conversions)

PERTH SPIRIT 1. Pek Cowan 2. Robbie Abel 3. Oliver Hoskins 4. Sam Wykes (c) 5. Brent Murphy 6. Brynard Stander 7. Kane Koteka 8. Al Rovira 9. Ian Prior 10. Zack Holmes 11. Marcel Brache 12. Solomoni Rasolea 13. Ammon Matuauto 14. Luke Morahan 15. Dane Haylett-Petty RESERVES 16. Harry Scoble 17. Joe Savage 18. Chris Heiberg 19. Kieran Stringer 20. Richard Hardwick 21. Justin Turner 22. Davis Tavita 23. Christian Joubert

2014 Buildcorp National Rugby Championship Week 11 – Final

Saturday, 1 November 2014 - Ballymore Stadium, Brisbane

PERTH SPIRIT 1. Pek Cowan 2. Robbie Abel 3. Oliver Hoskins

Brisbane City 37

4. Sam Wykes (c)

(Pettowa Paraka 2; Liam Gill, Junior Laloifi, Penalty tries; Jake McIntyre 4 conversions)

5. Brent Murphy

Perth Spirit 26

7. Kane Koteka

(Junior Rasolea, Dane Haylett-Petty, Robbie Abel, Davis Tavita tries; Zack Holmes 2 conversions)

6. Brynard Stander 8. Alex Rovira 9. Ian Prior 10. Zack Holmes 11. Marcel Brache 12. Ammon Matuauto 13. Solomoni Rasolea 14. Luke Morahan 15. Dane Haylett-Petty RESERVES 16. Harry Scoble 17. Joe Savage 18. Chris Heiberg 19. Kieran Stringer 20. Richard Hardwick 21. Justin Turner 22. Davis Tavita 23. Christian Joubert

26

RUGBYWA 2014 ANNUAL REPORT

MELBOURNE RISING 1. Toby Smith 2. Pat Leafa 3. Paul Alo-Emile 4. Sam Jeffries 5. Cadeyrn Neville 6. OJ Noa 7. Sione Taufa 8. Lopeti Timani 9. Nic Stirzaker 10. Jack Debreczeni 11. Joe Kamana 12. Mitch Inman 13. Sefanaia Naivalu 14. Rennie Lautolo-Molimau 15. Jonah Placid RESERVES 16. Tome Sexton 17. Fereti Sa’aga 18. Cruze Ah-Nau 19. Pom Simona 20. Angus Hamilton 21. Luke Burgess 22. Lloyd Johansson 23. Martin Naufahu

BRISBANE CITY 1. Pettowa Paraka 2. Andrew Ready 3. Sef Faagase 4. Marco Kotze 5. Dave McDuling (c) 6. Curtis Browning 7. Liam Gill 8. Jake Schatz 9. Nick Frisby 10. Jake McIntyre 11. Matt Feaunati 12. Jack Mullins 13. Toby White 14. Chris Kuridrani 15. Brando Va’aulu RESERVES 16. Matt Mafi 17. David Feao 18. Phil Kite 19. Tim Buchanan 20. Adam Korczyk 21. Will Thompson 22. James Dalgleish 23. Junior Laloifi


Community Rugby Report The 2014 Community Rugby season once again showed the incredible commitment from the many volunteers from across all age groups and competitions. From coaches to referees, committee members to the people cooking the BBQ, year on year it is our clubs and volunteers who make the game great and I would like to acknowledge the work you have all put in. 2014 continued the trend of growth in Junior player participation, however the Senior numbers fell. Sevens participation has also seen participation numbers rise on the back of the increased opportunities for Sevens Rugby. The work of the Development Officers has changed in focus to delivering five session programs at schools and this will continue to evolve into 2015 as more meaningful visits are targeted to drive participation into school and club competitions. The efforts from our clubs, schools and Sevens events have seen our participation figures continue to rise with 19,557 involved in ‘competition and non-competition rugby’ experiences and a further 27,214 in ‘promotional and occasional rugby’ experiences. The RugbyWA Juniors Executive have been behind the scenes working tirelessly to ensure that junior rugby continues to thrive and this year has seen an increase of 18 teams (7%) to have 246 teams competing in the metro competition. A South West Junior Rugby Committee was established at the start of the season which saw the South West Counties sides in the Under 15s and 17s travel to compete in the metro competition - a great achievement - and the South West and Eastern Goldfields junior competitions continued to keep a solid footprint in these regions. The standout performers at the end of the season were Wanneroo, competing in six out of 10 grand finals and winning five premierships. The 2014 Senior Rugby competition presented a number of challenges with Rockingham withdrawing from the Pindan Premier Grade Competition just prior to the season kicking off, the National Rugby Championship (NRC) forcing an early start to the season, a number of external factors and the introduction of a new competition structure. These challenges resulted in a reduction in the number of registered players. The new structure saw the Premier and Championship clubs mixed together in Championship A, B and C Grades (third, fourth and fifth grade). This change was challenging for the Premier clubs, and well received by the Championship clubs and following consultation with the clubs we will implement an improved version for the 2015 season. With the competition start dates moving into March and the shortening of the finals series to a two-week format to accommodate the NRC, the finals series highlighted just how close the top teams in the Pindan Premier Grade were with all finals matches on a knife edge until the final whistle. Fourth-placed Cottesloe and third-placed UWA moved through to the Grand Final, accounting for top-ofthe-table Nedlands and second-placed Wests Scarborough

on the way. The grand final was one of the most physical in recent years and UWA jumped to a strong halftime lead before Cottesloe fought back throughout the second half. It was ultimately too late for the Gulls with UWA running out 16-13 victors in a thrilling grand final. In the Women’s competition, Wanneroo was the clear favourite after losing only one game throughout the regular season and they continued their dominance in the grand final with a 37 – 0 victory over a committed Kalamunda side. The future of the Metro competition – the Goodlife Health Clubs U19s – pitted the top two sides from the regular season, Palmyra and Nedlands against each other and the match didn’t disappoint with some great running rugby on display. Nedlands’ comeback was too late and Palmyra held on for a 25-23 victory. The high quality of this match was great to see and the significant administrative effort and quality coaching that clubs put into the Under 19s will continue to improve the standard of the competition. The finals series saw 11 different clubs competing in grand finals and seven different clubs winning the nine grand finals on offer. This diversity in the finals series has been a trend in recent years and is a good indicator of the competitiveness of the competition with no particular clubs dominating across all grades. With the introduction of the NRC and the reincarnation of the Perth Spirit, a much needed step from club rugby towards professional rugby was filled. The Perth Spirit, wearing the traditional state colours of black and gold, saw an opportunity for the best club players from the Pindan Premier Grade to combine with Western Force-contracted players in a high-level competition. During the competition 25 of the 42 players utilised were from the Pindan Premier Grade. This was a fantastic opportunity for these players to train and play alongside and against Super Rugby players. No doubt that this experience will improve the club competition and bridge the gap for more local WA talent to eventually progress through to the Western Force. In the shortened formats of Beach Fives, Sevens and 10s Rugby, the Cockburn, KK (Wanneroo) and RugbyWA events in Margaret River, on Scarborough Beach, as well as the Road to Rio junior tournament continued to grow. This season also saw the establishment of an Under 23s 10-a-side tournament that ran during the NRC. The tournament was held on Friday nights in a carnival atmosphere and was highly successful, with Associates taking out the inaugural tournament. RugbyWA in conjunction with Wanneroo have piloted a non-contact version of Sevens rugby which had around 150 people compete over 10 weeks from October through December and this new format will be officially launched in 2015 as ‘Viva 7s’. The Margaret River Sevens, our premier Sevens event attracted two international teams for the first time this year with Hong Kong (development team) and Malaysia competing in the tournament and going on to win the Plate and Bowl divisions respectively. The tournament also saw RUGBYWA 2014 ANNUAL REPORT

27


Men’s A and B divisions for the first time with Mandurah defeating hosts Margaret River in the B division final. The Cup final saw the West Coast Drifters become the first invitational side to win the Margaret River Sevens, defeating Palmyra 26-24 in a thrilling match.

once again performed well above expectations, progressing through to the Cup semi-finals and eventually finishing in fourth position out of 12 teams. The Western Australian Rugby Union Referee’s Association (WARURA) has again been outstanding in the support they provide. Their efforts this season to develop young referees has paid dividends with a number of the younger referees progressing to Pindan Premier Grade and performing well. WARURA also established a regular referees fitness and education training group in addition to their fortnightly education meetings and the standard of refereeing this season has benefitted from this effort. I would like to acknowledge the efforts of the outgoing president Brendan Fitzgerald and the ever-present Julie Skiba in making rugby possible each weekend through their work with the referees.

This year’s Country Carnival was held in Kalgoorlie and disappointingly, clubs from the South West did not travel for the Carnival. In 2015 it will be held in Perth to maximise the amount of teams who travel. Despite this the carnival was held in great spirit with the classic country rugby hard edge and the grand finals saw the Bushwhackers against the Island Barbarians and the match was worthy of a grand final with the Bushwhackers coming out on top 44-26. Women’s rugby declined in the 15-a-side game with one less team competing this season, however, the quality of the competition did not diminish and it was fantastic to see three players – Bec Clough, Natasha Haines and Madeline Putz – selected in the Wallaroos for the World Cup. In Sevens there was some success with over 100 girls attending an Olympic testing day and the establishment of an Under 18s schoolgirls Sevens competition that ran over five weeks. The Western Australia Women’s Sevens team

2014 has seen many challenges and I look forward to the 2015 season.

Andrew Hill General Manager, Game Development

Competition (fixtures & ladders)

Structure

Non-comp (learning to play) Events & Experiences (Marketing & Promotion)

Game/Program

Traditional Rugby 15-a-side

Product

Rugby Sevens

Modified Pathway (Numbers/format)

15-a-side (tackle)

Rugby Sevens (Tackle)

Entry Level Program

National Recruitment Program

Rugby Sevens (Non-Contact)

Super Rugby State Traditional Rugby Participant and Pathway Fan Program

Rugby Themed weeks, Come & Try day, clinics, Road shows, visits, camps etc.

Rugby Sevens

Provider channel Club

M

Juni or, Youth, Seni or, Ma s ters

F 7,515

School & Tertiary

M

Pri ma ry, Seconda ry, Uni /Col l ege

M 0

Community

M 0

Tota l

0

Sub Total Overall Totals Competition & Non Competition Participant Promotional & Occassional Participant Overall Total

M 0

M 0

F

M 120

0

60

2,906

3,180

13,250

F 0

F 246

M 60

M 246

3,672

M 0

M 1,318

M 0

0

0

492

2,635

M 0

2,635

M 0

M 0

0

0

0

530

M 0

M 3,877

F 8,005

M 100

F 35

100

45

10,722

15,962

27,214

19,557 27,214 46,771

Participation Segmentation & Calculation methodology All the Rugby themed weeks participant numbers to be recorded in Promotional and Occasional participant classification (unless reaching 5 or more hurdle). For any product delivered in a School or Tertiary channel to a mixed gender the split will be 50/50 in male and female teams and participant columns above. Rookies2Reds, Budding Brumbies and Come & TryRugby (Future Tahs) participants are classified as Super Rugby State Entry Level programs. National Recruitment Program participants include ALL school 'Start Rugby' products - AASCP, IN school and Festival/gala days All the Junior rugby players in both Clubs and Schools aged 12 years that currently play 15 a side are classified as Modified Pathway. In Sevens PS Segment the total for both tackle and non-tackle teams/participants need the mixed team/participants numbers added by 50:50 split - male or female. ALL Participant numbers in the School and Community channel; either in Modified 15 a side Pathway or Sevens are calculated by multiplying the TEAM number by the appropriate participant value below. Remember for All Club channel Sevens rugby you also calculate the participant number by multiplying the TEAM number similarly. 7 a-side x 12 participants 12 a-side x 17 participants 10 a-side x 15 participants 15 a-side x 20 participants

RUGBYWA 2014 ANNUAL REPORT

7,725

15,730

F 0

0

187

F 4,813

F 187

8,690

F 0

M 24

1,932

F 80

F 1,908

80

F 0

M 0

450

F 0

F 450

0

F 0

M 0

0

F 1,318

F 0

2,635

F 0

M 0

0

492

F 0

M 0

0

F

M 0

F 0

708

0

10,344

M 948

588

0

F

Tots , Juni or, Youth, Seni or, Ma s ters

F 1,464 2,412

F 0

2,669

Tota l

M 0

2,906

F 2,669

F 2,906

7,675

Tota l

28

M 160

10


Grade Tables Pindan Premier

P

W

L

D

Bye Fft

Opp Fft

F

A

%

BP 4t

BP <7p

BP Pts

Nedlands

16

13

2

1

2

0

0

593

280

211.79%

11

2

13

77

Wests Scarborough

16

11

5

0

2

0

0

487

312

156.09%

7

1

8

62

UWA

16

10

6

0

2

0

0

571

383

149.09%

8

2

10

60

Cottesloe

16

10

6

0

2

0

0

546

329

165.96%

8

1

9

59

Associates

16

9

7

0

2

0

0

566

332

170.48%

8

3

11

57

Kalamunda

16

8

8

0

2

0

0

447

423

105.67%

5

1

6

48

Palmyra

16

7

9

0

2

0

0

437

306

142.81%

4

4

8

46

Perth Bayswater

16

3

12

1

2

0

0

348

419

83.05%

2

4

6

30

Wanneroo

16

0

16

0

2

0

0

188

949

19.81%

0

1

1

11

Reserve Grade

P

W

L

D

Bye Fft

Opp Fft

F

A

%

BP 4t

BP <7p

BP Pts

Associates

18

17

1

0

0

0

0

683

223

306.28%

11

0

11

79

Palmyra

18

15

3

0

0

0

0

709

272

260.66%

16

2

18

78

Kalamunda

18

12

5

1

0

0

0

488

377

129.44%

10

1

11

61

Joondalup

18

13

5

0

0

0

0

396

355

111.55%

4

1

5

57

Cottesloe

18

11

7

0

0

0

0

485

376

128.99%

10

2

12

56

Wests Scarborough

18

7

11

0

0

0

0

351

466

75.32%

3

3

6

34

Nedlands

18

4

12

2

0

0

0

369

411

89.78%

6

6

12

32

Perth Bayswater

18

4

13

1

0

0

0

254

526

48.29%

4

2

6

24

UWA

18

4

14

0

0

0

0

329

526

62.55%

4

3

7

23

Wanneroo

18

1

17

0

0

0

0

221

753

29.35%

0

3

3

7

Under 19s

P

W

L

D

Bye Fft

Opp Fft

F

A

%

BP 4t

BP <7p

BP Pts

Palmyra

14

12

2

0

0

0

0

520

256

203.13%

12

1

13

61

Nedlands

14

13

1

0

0

0

0

465

168

276.79%

7

1

8

60

UWA

14

11

3

0

0

0

0

395

219

180.37%

9

1

10

54

Wanneroo

14

6

8

0

0

0

0

268

308

87.01%

4

3

7

31

Joondalup/Wests

14

5

9

0

0

0

0

273

363

75.21%

4

3

7

27

Southern Lions

14

3

11

0

0

0

0

221

415

53.25%

3

4

7

19

Perth Bayswater

14

3

11

0

0

0

0

239

460

51.96%

4

3

7

19

Associates

14

3

11

0

0

0

0

226

418

54.07%

2

3

5

17

Championship A Grade

P

W

L

D

Bye Fft

Opp Fft

F

A

%

BP 4t

BP <7p

BP Pts

Mandurah

17

15

1

0

0

0

1

541

173

312.72%

8

1

9

74

Nedlands

17

12

3

0

0

0

2

649

166

390.96%

10

3

13

71

Rockingham

16

13

3

0

1

0

0

651

167

389.82%

11

1

12

69

ARKs

17

13

3

0

0

0

1

521

165

315.76%

9

3

12

69

Curtin Uni

17

10

5

0

0

0

2

418

189

221.16%

8

3

11

61

UWA

16

11

4

1

1

0

0

476

282

168.79%

8

2

10

61

Associates

16

9

5

0

1

0

2

417

152

274.34%

5

4

9

60

Cottesloe

16

7

6

1

1

0

2

427

245

174.29%

7

2

9

54

Kalamunda

17

8

8

0

0

0

1

360

292

123.29%

5

5

10

47

Palmyra

17

7

9

0

0

0

1

397

354

112.15%

7

1

8

41

Wests Scarborough

16

6

10

0

1

0

0

208

373

55.76%

3

1

4

33

Southern Lions

17

5

11

0

0

0

1

325

493

65.92%

3

2

5

30

Perth Bayswater

17

3

13

0

0

0

1

231

417

55.40%

3

5

8

25

Swan Suburbs

17

4

11

0

0

1

1

161

579

27.81%

1

1

2

23

Joondalup

17

3

13

0

0

1

0

140

541

25.88%

1

2

3

15

Wanneroo

12

1

3

0

0

7

1

71

293

24.23%

1

1

2

11

Kwinana

17

2

10

1

0

4

0

127

560

22.68%

1

0

1

9

Bunbury Barbarians

17

1

12

1

0

3

0

147

726

20.25%

2

1

3

7

RUGBYWA 2014 ANNUAL REPORT

29


Womens’

P

W

L

D

Bye Fft

Opp Fft

F

A

%

BP 4t

BP <7p

BP Pts

Wanneroo

12

11

1

0

3

0

0

444

52

853.85%

7

1

8

67

Cottesloe

12

7

3

2

3

0

0

331

88

376.14%

5

3

8

55

Kalamunda

12

6

5

1

3

0

0

269

223

120.63%

2

1

3

44

Perth Bayswater

12

4

7

1

3

0

0

190

242

78.51%

2

1

3

36

ARKs

12

0

12

0

3

0

0

138

392

35.20%

0

2

2

17

Championship B Grade P

W

L

D

Bye Fft

Opp Fft

F

A

%

BP 4t

BP <7p

BP Pts

ARKs

15

15

0

0

2

0

0

595

148

402.03%

10

0

10

80

Perth Bayswater

15

12

3

0

2

0

0

378

177

213.56%

7

1

8

66

Cottesloe

15

9

5

0

2

0

1

440

190

231.58%

8

4

12

63

Curtin Uni

15

10

4

1

2

0

0

397

196

202.55%

7

3

10

62

Mandurah

15

7

6

0

2

0

2

444

237

187.34%

7

5

12

60

UWA

15

9

5

1

2

0

0

423

210

201.43%

8

2

10

58

Palmyra

15

8

6

0

2

0

1

478

280

170.71%

6

2

8

55

Nedlands

15

7

8

0

2

0

0

365

246

148.37%

6

4

10

48

Rockingham

15

6

7

1

2

0

1

361

304

118.75%

6

0

6

47

Southern Lions

15

6

7

1

2

0

1

216

294

73.47%

2

1

3

44

Associates

15

7

8

0

2

0

0

293

278

105.40%

3

2

5

43

Wanneroo

15

8

7

0

2

0

0

308

350

88.00%

4

3

7

38

Kalamunda

15

3

11

0

2

0

1

289

432

66.90%

3

3

6

33

Bunbury Barbarians

14

0

9

0

2

4

1

172

472

36.44%

1

1

2

17

Joondalup

15

1

12

0

2

2

0

163

526

30.99%

0

3

3

17

Wests Scarborough

14

1

11

0

2

2

0

155

437

35.47%

1

1

2

16

Swan Suburbs

0

0

0

0

0

0

0

0

0

0.00%

0

0

0

0

Kwinana

0

0

0

0

0

0

0

0

0

0.00%

0

0

0

0

Championship C Grade P

W

L

D

Bye Fft

Opp Fft

F

A

%

BP 4t

BP <7p

BP Pts

Cott Blue

15

11

0

1

0

0

3

528

119

443.70%

10

0

10

71

Mandurah

15

11

1

2

0

0

1

458

198

231.31%

10

0

10

63

Associates

15

10

3

0

0

0

2

461

161

286.34%

8

1

9

59

Rockingham

15

8

4

0

0

2

1

407

206

197.57%

7

1

8

45

Cottesloe

15

6

7

1

0

0

1

256

296

86.49%

4

2

6

37

Nedlands

15

7

3

0

0

5

0

341

236

144.49%

7

1

8

36

Curtin Uni

15

5

9

0

0

0

1

246

335

73.43%

3

1

4

29

UWA

15

3

12

0

0

0

0

176

444

39.64%

1

1

2

14

Palmyra

15

2

12

0

0

1

0

113

556

20.32%

1

2

3

11

Wanneroo

15

1

13

0

0

1

0

125

560

22.32%

0

2

2

6

Associates

15

7

8

0

2

0

0

293

278

105.40%

3

2

5

43

Wanneroo

15

8

7

0

2

0

0

308

350

88.00%

4

3

7

38

Winner of 2014 Grand Finals Premier Grade: Reserve Grade: Under 19s: Womens: Championship A Grade Div 1: Championship A Grade Div 2: Championship B Grade Div 1: Championship B Grade Div 2: Championship C Grade:

Palmyra 16 d Associates 13 Palmyra 25 d Nedlands 23 Wanneroo 37 d Kalamunda 0 Nedlands 20 d Mandurah 8 Associates 26 d Curtin Uni 14 Arks 32 d Perth Bayswater 10 UWA 27 d Mandurah 10 Cott Blue 33 d Associates 23 UWA 16 d Cottesloe 13

Award Winners PG Hampshire Award: RugbyWA Referee Award: RugbyWA Coach Award: Best Women’s Player: Most Improved Player: George Newstead Trophy(Most Outstanding Colt): Highest Points Scorer: Most Tries Scored: Premiership Club Champions: Championship Club Champions: Champion Club: RugbyWA Life Member:

30

RUGBYWA 2014 ANNUAL REPORT

Dylan Timu (Perth Bayswater) Graham Cooper Gus Martyn (Nedlands) Rebecca Clough (Cottesloe) Andries Van der Westhuizen (Nedlands) Brad Lacey (Wests Scarborough) Levon Kvas-Rothwell (UWA) Christian Joubert (UWA) & Michael Ruru (Nedlands) Nedlands ARKS Palmyra Charles Fear


WAJRU President’s Report 2014 was another successful year for junior rugby and I would like to thank our major sponsor, Bankwest, for their continued support of Junior Rugby. I would also like to thank all club sponsors for supporting junior rugby, your contribution is greatly appreciated.

tremendous efforts of the West Australian Junior Rugby Referees Association. To Julie Skiba, Bruce Dunn, Brent Mews and all referees who support our game thank you for organising, coaching, developing and mentoring our referee’s year in, year out.

Putting this competition into context, nearly 1,600 games of junior rugby were played throughout the year. We have approximately 4,000 registered junior players with further numbers playing in our country regions.

I would like to remind you that this game can only continue to grow with your support. We need strong governance both at committee level and in our clubs, we need to be united in our goals to make our game a showcase for sport in Western Australia and that can only be achieved with your continued support in 2015.

Our game continues to grow in numbers and for the first time we have had teams from the South West playing in our competition. It is a credit to the South West Committee headed by Dieter Kalle that this came to fruition.

Martin Becker President, RugbyWA Juniors

The Western Australian Under 17s made history as the inaugural Junior Gold Cup champions, a tremendous achievement and a fitting result for all the hard work put in by the players, coaches and support teams that came together. Preparations are well underway for the next tournament in March 2015. On behalf of my Committee, I would like to pass on my thanks to the many people within ‘club land’ who have contributed to another successful season. The running of a club takes considerable effort and requires the assistance of coaches, managers, registrars, administrators, canteen workers and of course parents who put their hands up every week to ensure our juniors players can participate in our great game. I would like to thank you for your efforts and acknowledge that without your support we would not be able to provide our players with a game experience each week. I look forward to your support next year. I would like to thank my committee for all their hard work throughout the year. There have been some long Monday evenings at RWA and I thank them all for their patience and dedication to the tasks on hand over the past 12 months. A few of our committee will not be returning next year and I would like to offer my personal thanks and that of the rugby community to Cameron Edwards and Shaun McComb for their dedication and hard work. To the other member of my committee during the year Paola Ferrari, Francis Parsons, Graham Jones, Richard Keyte, Sharon Phillis and Linda Barr, thank you. There are many people who have contributed to the success of this year. To the staff at RugbyWA, Mark Sinderberry, Andrew Hill and his team, and in particular Richard Thelan, who has worked tirelessly week in, week out to make this competition successful. To the rest of the RugbyWA team, my sincere thanks for your efforts throughout the year. To Dwayne Nestor and his development team, thank you for the great work in our representative and development programs. Maryanne Wilson, Sue Fudge and the commercial team, thank you for your assistance. Needless to say we wouldn’t have a game without the RUGBYWA 2014 ANNUAL REPORT

31


WARURA Report Introduction

In 2014, we built on the strategic plan developed from our Season Review process. We have added a further area of strategic focus – that of women referees – and we have updated our Mission Statement, as follows: • Women Referees – Specific opportunities are available for women referees, including officiating at Olympic Sevens as well as general rugby refereeing. We must provide a clear pathway, with high quality and consistent Referee Coaching, plus appropriate and well-resourced mentoring for WA women referees. • Mission Statement: Respect the game – Respect the call • (Emblazoned on all Referees’ shirts) • If we respect the game, we will do our utmost to perform well, i.e. we will be fit, up to date on law knowledge and game knowledge and so able to referee at a level appropriate to the game. By doing so, we can expect the calls we make as match officials to be respected. Our Season Review process has commenced for 2014 and we have made progress in all areas, including closing out actions from 2013. Several areas of activity remain problematic: • Effective communication with our membership is a continuing challenge. • Attendance at Referee Education Meetings is slowly improving, but needs to be greater if we are to achieve our quality goals. • Referee Coaching resources struggle to give all referees sufficient support. • Actions are proposed for 2015 in each of these areas.

ARU National Referees Conference 2014

At the National Referees Conference in Sydney on 21 and 22 November 2014, the ARU commended WARURA for setting the benchmark in several areas: • Our development programme for young (U-18) referees at Britannia, including specific development sessions using visiting Super Rugby Referees; • Our promotion of young (18+) referees in the Senior competition, including the establishment of a managed transition from Junior Rugby; • Our programme for Ref Coach development, including a weekend seminar with leading ARU Ref Coaches presenting; • Our mid-season seminar for Referee and Ref Coach Education, with Scott Young of the ARU presenting; • The Season Review programme which has now been in place for four years, which we have been asked to share with other Ref Associations; • The Club 19 initiative led by Graham Cooper, to encourage a club spirit amongst our members – particularly the younger membership. This is fostered by group strength and conditioning training, discussion of technical refereeing issues via social media, social gatherings and other activities. Overall, we must continue to referee and referee coach to the IRB/ARU Referee Profile. There are a number of new initiatives 32

RUGBYWA 2014 ANNUAL REPORT

and ideas from the ARU and other Associations that will be pursued in 2015.

On the Field

Our members have enthusiastically covered a growing number of Sevens and other tournaments with abbreviated forms of the game. We are aware that the “off season” is shrinking and this requires careful management to avoid injury and burn-out. Our membership remains unable to cover all main competition games. 2013

2014

Competition

No. of Games

Not covered

No. of Games

Not covered

Senior

735

8

556

2

Junior

632

22

656

43

PSA

114

0

116

3

Schools games in the CSC competition mid-week and some 45 other games stretched our members further. With the early finish to the season in mid-August, the new Under 23 Tens tournament was supported primarily by our younger referees.

Membership and Demographic

We gained 39 new referees in 2014, but lost 39 referees who did not return from 2013. These were primarily in Junior Rugby, with Year 11 and 12 students the majority of those lost. More than a third of those refereeing Senior rugby are aged 46+. The bulk of our Referee Coaching effort falls on the shoulders of the 56+ age group.

Discipline & Abuse

Player discipline showed significant improvement in the Senior competition this year, but not so in the Junior competition. In the latter, the majority of send-offs were for violent conduct, with Striking (12) and Kicking/Stamping (3). 2012

Competition

2014

Sin Send Code of Sin Send Code of Sin Send Code of Bin Off Conduct Bin Off Conduct Bin Off Conduct

Senior 348 Junior

2013

55

38

6

16

8

405 40 70

18

5

315

33

6

8

131

25

4

There were a number of major incidents of abuse of match officials this season, which the Association pursued on behalf of members. I am particularly grateful to Michael Cashman for his assistance. The Association made a presentation to the Council of Clubs on the topic “Changing the Conversation” and an article on “Changing the Conversation” was included in a Western Force home game programme. We are very grateful to Martin Becker and his RugbyWA


WARURA Report (cont.) Juniors team for their continuing support, in particular the implementation of the Team Spectator Management programme.

Thanks also to Kim Short (Life Member), Honorary Sherriff, through whom we raised in 2014 approximately $500 for Princess Margaret Hospital for Sick Children.

Development

President’s Award for Outstanding Contribution to the Association for 2014 was to Anthony O’Shea, who has been an inspiration as Chairman of the Senior CAB. Anthony has attacked this role with enthusiasm and energy, leading with ideas, gathering and encouraging the team around him.

Our challenge is to develop young referees to referee Premier Grade and higher. Average age of Premier 2010 Grade Referees (years)

36.1

2011

2012

2013

2014

35.4

34.7

33.5

30.0

In the 2014 finals series the average age of referees in junior matches was 28.6 years and in seniors 21.8 years. Congratulations to Alex Ninkov who became our youngest ever Premier Grade Grand Final Referee at 22yrs. Opportunities for officiating outside WA were presented to several members, including ARU appointments (asterisked); some were self-funded (double asterisk): • Graham Cooper (RugbyWA Referee of the Year 2013&14) National Development Squad member – many appointments nationally and overseas including as Referee for the final of the Youth Olympics*. Awarded an Australian Institute of Sport Match Officials Scholarship • Patrick Davis Darwin 7s, Junior Gold Cup* (3 including final) • Tyler Miller AR National Women’s*, Darwin 7s**, Central Coast 7s*, Exchange to Sydney, with Ref Coach Sean Popperwell** • Liam O’Shea Central Coast 7s*, Sydney Exchange • Alex Ninkov Darwin 7s, Sydney Exchange • Ian Hailes Ref Coach, Darwin 7s • Mark Sherriff & Marcell Blackie School Student Scholarship referee programme at Queensland U14s tournament* • Julie Skiba Administration, Darwin 7s** • Rob Kellam Ref Coach at National Women’s* & Central Coast 7s* • Scott Chesterton L2 Ref Coach Course Sydney • James Sherriff L2 Ref Coach Course Sydney, National Referee Conference 2013 Sydney, Citing Commissioner Course* • Anthony O’Shea National Referee Conference 2013 Sydney, L2 Ref Coach Course Sydney**

Special Awards for outstanding contribution to WARURA for 2012 to 2014 were made to David Procopis and Julie Skiba. Their sustained efforts over the three years made a huge difference to my own role and I thank them unreservedly. Many thanks also to Andrew Hill, and his team at RugbyWA for their input and support. I am also very grateful to Dr. Russel Perry (Life Member), Chairman of RugbyWA, for his quiet encouragement to me and great support for WARURA. A special mention to John Hill for achieving 200 Premier Grade Games and Matt O’Brien for 100 games.

Brendan Fitzgerald Honorary President, WARURA

Volunteers

I thank all of our members for their efforts throughout the season. I wish to thank the following for their excellent work for the Association: Peter Hilgendorf, Julie Skiba (Life Member), Sean Neary, Anthony O’Shea, James Sherriff, Ian Hailes, Rob Kellam, Graham Cooper,Gary Bryant, David Procopis (Life Member), Bruce Dunn, Sam James (Life Member), Brent Mews, Mike Miller, Robbie Burns and John Hill.

RUGBYWA 2014 ANNUAL REPORT

33


WASRU Report Public Schools Association The 2014 PSA rugby season was successful in participation numbers as there was a slight increase overall. However, some schools were affected more than others by the “half-year cohort” in Year 12 and struggled to field second XVs throughout the season. A viable solution was soon found with Scotch, Hale and Aquinas combining to form a Barbarians side which played each Saturday. The ‘spirit of rugby’ was captured by this group and after one game the ‘war cries’ of all three schools were chanted by the players. • At First XV level, Christ Church Grammar, Hale and Scotch fought out the premiership title. With little between them, each was capable of beating the other on their day. Congratulations to Hale School for retaining the Br Redmond Cup for the 12th year in succession. In other age groups, Hale dominated in the Second XV, Year 10 and Year 9 fixtures, with Scotch and Aquinas having undefeated seasons in the Year 8 and Year 7 age groups respectively. • In the Open age group, the ‘floating/movable’ window was retained, defaulting to the oldest U18 player, provided that set scrums could occur. Ultimately, the ARU exempted front row players so there was not really an issue here. • Far fewer PSA boys trialed for the WA Schools team this year. RugbyWA have inquired about this and have suggested ways to enhance their profile including: the timing of the Championships vis-a-vis school exams; the extra training commitment throughout Term two if selected in the squad; some candidates would have recently completed the U17 Junior Gold programme and feel ‘burnt out’; the costs when added to school tours, and other representative programmes. • The issue of boys receiving sanctions in club rugby and continuing to play in the PSA competition or vice versa. The local referees association has a strong view on this topic and discussions are ongoing. • RugbyWA again offered some schools the chance to play curtain-raisers before Western Force Super Rugby matches. Schools have varying views on the benefits of this opportunity; however, games went ahead.

Combined Schools and Colleges The 2014 CSC rugby season was played with fierce but fair competitiveness by all teams this year. Although there was a slight decrease in participation numbers from the previous year, the standard of rugby continues to grow. In the Open’s there was great performances by John XXIII and Darling Range to make the semi-finals. Aranmore and Thornlie battled for the trophy in all four of the age groups with Aranmore coming out winners on all four occasions. The usual seven-a-side days were run with the Girls Competition very well attended and received. Aranmore

34

RUGBYWA 2014 ANNUAL REPORT

proved too strong in all age groups and displayed some very high standard Sevens Rugby. It was a great result for Aranmore but continued improvement from all schools who have participated this year is a great sign for not only the CSC competition next year, but a good indication of the depth of talent the Junior Gold Squads will have this year. Issues to be addressed in the off season: • 80 Games scheduled this year and 25% of them were forfeited. This was an improvement to the previous year of 120 games scheduled 44% forfeit but there is still work to be done; • Number of schools participating decreased from 48 to 39; • 82 players trialed for Regional Championships. Many thanks to Kathal Spencer and his team for getting the Schools team ready for the National Championship and attending with them. It has become harder and harder to attract school teachers to this role at state level, some of the reasons listed above pertain to teachers as well as boys. The performance was a little below what it has been in previous years, reason for this are varied. The commencement of the National Rugby Championship has given a lot of players a pathway from club rugby and we hope the ARU maintains this competition for years to come.

Don McNamee President, WASRU


Country Rugby Report It’s been a good year for Country Rugby with the season running without drama and another successful year with participation increasing throughout the regions. With 2015 being a World Cup Year, hopefully the Wallabies will be successful as we know this leads to excited kids pulling on the rugby boots.

Eastern Goldfields Goldfields Rugby is still going strong with four teams playing the season out. It was the Bushwhackers 30th birthday and they made it a milestone year to remember.

attendances in many years. No teams travelled from the South West which led to Geraldton withdrawing at the last moment and the WA Police had prior commitments, so this left only the Goldfields Teams playing it out on their home turf. The tournament was reduced from the normal two days to one with the final being played at the end of the day. This final saw the Bushwhackers take on the Island Barbarians. It was tightly contested throughout the 80 minutes with the Bushwhackers sealing the victory in the final minutes 44-26.

Throughout the season it was really only a two-horse race between the Bushwhackers and the Stormers and this rivalry carried through to the 2014 final. The Bushwhackers not only celebrated their 30th birthday, but took out the Country Carnival and were the Eastern Goldfield champions.

It was the Bushwhackers 30th Birthday and had a great deal of support from previous players that were in Kalgoorlie for their team dinner.

Goldfields juniors have been solid in Kalgoorlie with hundreds of juniors playing each weekend.

Next year sees the carnival back in Perth with PerthBayswater again hosting the event. 2015 is the 25th Carnival and we anticipate a big turn out from around the State to celebrate our milestone.

South-West The South-West competition is also looking strong with four teams contesting another great year. The standout in 2014 was the current champions, the Margaret River Gropers, who maintained their impressive form from the season in their grand final win over rivals the Dunsborough Dungbeetles. It was a one-sided affair with the Gropers steam rolling the Dungbeetles 53-5. The Gropers really secured the win in the first half making it too much of a stretch for Dunsborough to fight their way back.

RugbyWA has spent a great deal of time growing the game in regional WA having visited locations in the South West, Goldfields and as far as Jigalong. A big thank you to all the players, coaches, volunteers of Country Rugby.

Ray Mills President, Country Rugby

Junior numbers in the South West were maintained from the 2013 period and with a new south-west juniors committee in place we anticipate a growth in participation numbers in the coming years.

Geraldton Even though there is no competition in Geraldton, they deserve to be acknowledged. ‘Gero’ is always keen to play and invite teams to come up for a great weekend of Rugby. ‘Gero’ has created some great relationships with the Perth clubs and make the drive down to Perth to play one-off games.

Country Carnival The 2014 Country Carnival was held in Kalgoorlie-Boulder this year and unfortunately it was one of the worst

RUGBYWA 2014 ANNUAL REPORT

35


JUNIOR ELITE REPORT U14s U14 State Champs DATE: 20/09/2014 OPPOSITION POINTS FOR

NORTH

South

38

Date 24/09/2014 POINTS AGAINST

10

Date 27/09/2014 POINTS AGAINST

OPPOSITION POINTS FOR South

19

12

CUMULATIVE TOTAL POINTS AGAINST

OPPOSITION POINTS FOR South

26

3

Tries

"C.Tizzano (2), T. Koiatu, L. Bolton,

"C. O'Sullivan, T. Mason, R. Wylie,

"J. Tuaploa(2), C. Tizzano,

Goals

S. Payne, K. Tet-Boyle"

C. Parata (2)"

O. Callan"

C. Parata (4)

C. Parata (2)

Penalties

FOR

AGAINST

DIFF

83

25

58

25

83

-58

Drop Goals

SOUTH

North

10

38

North

12

19

Tries

W. Smith

C. Parker, R. Jennings

Goals

G. Leituala

G. Leituala

Penalties

G. Leituala

North

3

26

C. Parker

Drop Goals

2014 State Champions: NORTH

U15s U15 State Champs DATE: 20/09/2014

NORTH

South

19

Date 24/09/2014 POINTS AGAINST

OPPOSITION POINTS FOR

12

South

27

Date 27/09/2014 POINTS AGAINST

OPPOSITION POINTS FOR

0

South

20

CUMULATIVE TOTAL POINTS AGAINST

OPPOSITION POINTS FOR

19

Tries

J. Hardy (2), T. Grey

J. Hardy (2), E. Reilly, T. Cherrington

“J. Hardy (2), M. Stockman-Te-Rahui, L. Gourlie, J. Foster-Hall, B. Macaskill, E.Reilly O. Callan”

Goals

E. Reilly (2)

E. Reilly (2)

E. Reilly (5)

Penalties

FOR

AGAINST

DIFF

91

12

79

12

91

-79

E. Reilly

Drop Goals

SOUTH

North

12

Tries

C. Knox (2)

Goals

M. McDonald

19

North

0

27

North

0

45

Penalties Drop Goals

2014 State Champions: NORTH

U16s U16 State Champs DATE: 20/09/2014

NORTH

South

17

Date 24/09/2014 POINTS AGAINST

OPPOSITION POINTS FOR

18

Tries

R. O'Sullivan, K. Pearce, J. Daynes

Goals

C. Tearoa

OPPOSITION POINTS FOR South

10

Date 27/09/2014 POINTS AGAINST

OPPOSITION POINTS FOR

CUMULATIVE TOTAL POINTS AGAINST

18

FOR

AGAINST

DIFF

27

48

-19

48

27

19

B. Whitehead, A. Hondros

Penalties Drop Goals

SOUTH

North

18

17

Tries

S. Waiti, P. Ashworth

Goals

A. Shortall

Penalties

North

10

P. Ashworth, V. Young, S. O'Hara

A. Shortall (2)

Drop Goals

2014 State Champions: SOUTH

36

18

RUGBYWA 2014 ANNUAL REPORT

North

10 E. Stafford N. Lamatoa

A. Shortall

A. Shortall

0


2014 JUNIOR GOLD CUP The JGC is a national long term talent development and competition program at U15 and U17 age levels. The truly national nature of the JGC competition provides players, coaches, administrators and match officials with the opportunity to be involved in high levels of representative rugby programming and development at a national level on an annual basis whilst maintaining local/regional representation. The scheduling of the JGC program commences in October and allows players to compete in a national competition involving 24 teams in each age group in March. It is an evolution of the Junior Gold Program and is a key part of Australian Rugby’s “Pathway to Gold” that will provide talented players an opportunity to compete against the best in their age group across Australia. The WA 17s JGC squad were the inaugural winners of the competition defeating Victoria 28-19 in a home final at McGillivray Oval in March.

U15 JGC Touring Team FIRST NAME

SURNAME

CLUB

State 15s Staff: HEAD COACH: Arno Visser ASS. COACH: Dave Wells MANAGER: Chris Jensen PHYSIO: Bryony McCrudden S&C: Stuart Guppy PROGRAM Elwee Prinsloo COORDINATOR: Game 1: Western Australia 36 defeated Queensland 5 (Atu Likio, Connor McCluggage, Raekwon Edwardson, Neli Auvae, Mark Naleba tries; Ethan Reilly 4 conversions, 1 penalty) Game 2: Brisbane Yellow 7 defeated Western Australia 6 (Ethan Reilly 2 penalties) Game 3: Western Australia 36 defeated Brisbane Orange 10 (Dylan Hutchins 2, Victor Harris, Simon Parsons, Soloman Stone tries; Ethan Reilly 4 conversions, 1 penalty)

Neli

Auvae

Palmyra

Lapo

Bigazzi

Wests Scarborough

Raekwon

Edwardson

Wanneroo

Jordan

Fletcher

ARKS

Jacob

Foster-Hall

Rockingham

Alex

Gloster

Wests Scarborough

Liam

Gourlie

Joondalup

Jack

Hardy

UWA

Victor

Harris

Wanneroo

Dylan

Hutchins

Wests Scarborough

Shaun

Kapene

Perth Bayswater

Atu

Likio

Rockingham

Brody

Macaskill

Wanneroo

Zachary

Branca

Perth Bayswater

Daynes

Joondalup

Game 4: Gold Coast 12 defeated Western Australia 6 (Ethan Reilly 2 penalties) Game 5: Western Australia 27 defeated North Coast 17 (Tom Norman, Brody MacCaskill, Shaun Kapene, Liam Gourlie tries; Ethan Reilly 2 conversions, 1 penalties)

16s Junior Gold Squad FIRST NAME

SURNAME

CLUB

Connor

McCluggage

UWA

Jack

Ilani (Mark)

Naleba

Wests Scarborough

Chey-John

Hatu

Mandurah

Tom

Norman

Nedlands

Jayden

Hocking

Southern Lions

Hondros

Associates

Simon

Parsons

Wests Scarborough

Anthony

Ethan

Reilly

Wanneroo

Jack

Knobben

Mandurah

Likio

Rockingham

Robert

Ryan

Rockingham

Sosifa

Connor

Sattler

Rockingham

Thomas

Masibaka

Associates

O'Sullivan

Associates

Ethan

Soden

Palmyra

Rory

Marnus

Spangenberg

Joondalup

Kade

Pearce

Joondalup

Stafford

Palmyra

Joshua

Spittal

Perth Bayswater

Evan

Manaia

Stockman-Te-Rahui

Wanneroo

Corry

Tearoa

Wanneroo

Tumanuvao

Rockingham

Van Der

Rockingham

Solomon

Stone

Wanneroo

Bitner Junior

Ephraim

Tearoa

Wests Scarborough

Hendricus

Tiago

Valentim

Joondalup

Sheldon

Willan

ARKS

RUGBYWA 2014 ANNUAL REPORT

37


JUNIOR ELITE REPORT (cont.) U17 JGC Touring Team FIRST NAME

SURNAME

CLUB

Zachary

Branca

Bayswater

Isaac

Cavu

Joondalup

Reece

Grant

Cottesloe

Charlie

Grant

Cottesloe

Eli

Greaves

Southern Lions

Chey-John

Hatu

Mandurah

Nicholas

Jooste

Cottesloe

Jordan

Kempton

Joondalup

Isaiah

Kuru

Southern Lions

Sosifa

Likio

Rockingham

Thomas

Masibaka

Associates

Allen

Maradzika

Wanneroo

Lorenzo

Mario

Joondalup

Trey

Moloney

Palmyra

Taube

Oakley

Palmyra

Sam

Offer

Nedlands

Torongare

Reedy

Joondalup

Chad

Ross

Palmyra

Aaron

Ruru

Mandurah

Jonathan

Savea

Southern Lions

Leighton

Short

Palmyra

Jack

Soa

Palmyra

Jake

Stainton

Palmyra

Ben

Tata

Palmyra

Clay

Uyen

Joondalup

Peter

Vili

Bayswater

Blake

Woodward

Palmyra

HEAD COACH: ASS. COACH: MANAGER: PHYSIO: PROGRAM COORDINATOR:

Justin (Gus) Martyn Grant Oakley Terry Stainton Stacey Stockman Elwee Prinsloo

Junior Gold Cup (Under 17) – Final Western Australia 28 defeated Victoria 19 (Thomas Masibaka, Eli Greaves, Leighton Short tries; Nick Jooste 2 conversions, 3 penalties) at McGillivray Oval, Mount Claremont, Perth Junior Gold Cup (Under 17) – Northern Conference Final Western Australia 23 defeated Brisbane Purple 8 (Trey Moloney, Leighton Short, Lorenzo Mario tries; Nick Jooste conversion, 2 penalties)

38

RUGBYWA 2014 ANNUAL REPORT

JUNIOR GOLD CUP (Under 17) - Tour Game 1: Western Australia 21 defeated Central Queensland 8 (Chad Ross 2, Leighton Short tires; Nick Jooste 3 conversions) Game 2: Western Australia 33 defeated Brisbane Yellow 7 (Nic Jooste, Sam Offer, Leighton Short tries; Nic Jooste 3 conversions, 4 penalties) Game 3: Western Australia 8 drew with Brisbane Orange 8 (Leighton Short try; Nick Jooste penalty) Game 4: Western Australia 15 defeated Gold Coast 5 (Thomas Masibaka, Nick Jooste try; Nick Jooste 1 conversion, 1 penalty) Game 5: Western Australia 32 defeated North Coast 5 (Eli Greaves 3, Sam Offer, Aaron Ruru tries; Nick Jooste 1 conversion, 1 penalty, Eli Greaves conversion)


2014 STATE SCHOOLBOYS

The State Schoolboys represented WA at the Division 1 National Schoolboy Championships held at St Ignatius College, Riverview, Sydney. FIRST NAME

SURNAME

SCHOOL

Clay Uyen 1 try; Nick Jooste 2 conversions; Nick Jooste 2 penalties) Game 4: Combined States 36 defeated Western Australia 12 (Lorenzo Mario, Sam Offer tries; Nick Jooste 1 conversion)

Isaac

Cavu

Prendiville Catholic College

Malakai

Chan Boon

Aranmore College

Kauri

Cudd

Comet Bay College

Tevin

Ferris

Mandurah Baptist College

Brandford

Fisher

Tuart College

Michael

Fotu

Lynwood High School

Jermaine

Ainsley

Nedlands

Backhouse

University

STATE 20s

The State 20s of 2014 were undefeated in winning the Southern States Championships in February. FIRST NAME

SURNAME

CLUB

Nicholas

Jooste

Hale School

Oscar

Sosifa

Likio

Warnbro High School

Ed

Brook

University

Allen

Maradzika

Kingsway Christian College

Luke

Burton

University

Lorenzo

Mario

Aranmore College

Brad

Campbell

Wanneroo

Thomas

Masibaka

Aranmore College

Cody

Coe-Baker

Wests Scarborough

Taine

Oakley

Leeming Senior High School

Tevin

Ferris

Nedlands

Sam

Offer

Wesley College

Alistair

Haining

Cottesloe

Torongare

Reedy

Clarkson Community High School

Richard

Hardwick

University

Chad

Ross

Aranmore College

Ross

Haylett-Petty

Cottesloe

Serge Jonathan Leighton

Sapsford Savea Short

Aranmore College Guildford Grammar Cristian Brothers College Fremantle

Robert

Ingram

Associates

Tim

Koiatu

Wanneroo

Kane

Koteka

Wests Scarborough

Jack

Soa

John Curtin School of Arts

Brad

Lacey

Wests Scarborough

Ben

Tata

Thornlie Senior High School

Jordan

Luke

Perth Bayswater

Corry

Tearoa

Aranmore College

Clay

Uyen

Hale School

Sy

Waiti

Halls Head Community College

Tristan Harry Graham

Schneider Scoble Sullivan

Joondalup University Kalamunda

Keelan

Simpkins - Iti

Rockingham

Delroy

Tapuosi

Palmyra

Evan

Stafford

Palmyra

Angus

Taylor

Wanneroo

Ricardo

Steyn

Nedlands

Corey

Thomas

University

Corry

Tearoa

Wanneroo

Dean

Van Schalkwyk

Cottesloe

Bitner Junior Tumanuvao

Rockingham

Max

Veech

Perth Bayswater

Sioeli

Vaituulala

Southern Lions

Riley

Winter

Wests Scarborough

Hendricus

Van Der Heyden Rockingham

Kylan

Yoxall

Associates

Liam

Van Der Heyden Rockingham

Sy

Waiti

Mandurah

State Schoolboys Staff: HEAD COACH: Grant Oakley ASS. COACH: Alex Stajka MANAGER: Kathal Spence PHYSIO: Nicolle Daubney Game 1: Queensland 1 36 defeated Western Australia 15 (Nick Jooste, Kauri Cudd tries; Nick Jooste 1 conversion; Nick Jooste 1 penalty) Game 2: New South Wales II 33 defeated Western Australia 7 (Nick Jooate 1 try; Nick Jooste 1 conversion) Game 3: ACT 33 defeated Western Australia 25 (Lorenzo Mario 2,

Game 1: Western Australia 53 defeated NSW Country 0 (Alistair Haining 3, Ross Haylett-Petty 2, Harry Scoble, Angus Taylor, Brad Lacey, Delroy Tapuosi tries; Tim Koiatu 4 conversions) Game 2: Western Australia 27 defeated ACT 17 (Richard Hardwick, Luke Burton tries; Luke Burton 1 conversion; Luke Burton 5 penalties) Game 3: Western Australia 27 defeated Victoria 23 (Corey Thomas, Richard Hardwick, Ross Haylett-Petty, Angus Taylor, Brad Lacey tries, Tim Koiatu 1 conversion)

ACADEMY

The RugbyWA Academy is the next step in the player pathway beyond the Junior Gold Cup and identifies promising talent from the club and schools competitions in Western Australia. RUGBYWA 2014 ANNUAL REPORT

39


JUNIOR ELITE REPORT (cont.) It is an excellent testing ground for potential Future Force scholarship holders, with a view to seeing them progress to professional rugby. Three Academy players progressed in to the Future Force program in 2014 â&#x20AC;&#x201C; Harry Scoble, Kane Koteka and Richard Hardwick. FIRST NAME

SURNAME

CLUB

Jermaine

Ainsley

Nedlands

Oscar

Backhouse

University

Lukas

Birch

Kalamunda

Tevin

Ferris

Nedlands

Richard

Hardwick

University

Ross

Haylett-Petty

Cottesloe

Liam

Husband

Joondalup

Nicholas

Jooste

Cottesloe

Kane

Koteka

Wests Scarborough

Va'a

Mailei

Palmyra

Lorenzo

Mario

Joondalup

Chad

Ramsamy

Palmyra

Tristan

Schneider

Joondalup

Harry

Scoble

University

Angus

Taylor

Wanneroo

Corey Nicholas

Thomas Ward

University Palmyra

40

RUGBYWA 2014 ANNUAL REPORT


Chief Financial Officerâ&#x20AC;&#x2122;s Report Whilst 2014 was one of the most successful for the Western Force with 6 wins at home and 9 wins in total for the season our off field financial performance was again challenging but showing clear signs of improvement over 2013. The trading result for 2014 was an operating deficit of $649,000 (2013 â&#x20AC;&#x201C; $857,100) a 24% improvement. This operating deficit was predominately driven by failure to achieve key revenue targets. From an ongoing perspective the trend is in the right direction and we expect to return to profitability by 2016 if not earlier. However the teamâ&#x20AC;&#x2122;s success did have an immediate financial impact comparatively to 2013, with a 28% increase in match day tickets sales, a 3% increase in match day corporate hospitality sales and a 37% increase in merchandise sales. Historically team results have had a delayed effect on both membership and sponsorship revenue which we have budgeted for in 2015. The introduction of the National Rugby Championship and the Perth Spirit not only provided a vital development pathway for our athletes but also contributed $152,000 in revenue to our operations. We managed to bring this team together in a very short time frame and also provided development opportunities for team support and administration staff, hence our modest outlay of $82,000 to run this program. Our total expenditure was reduced by 4% from last year including our professional team costs without impacting on the rugby program. Despite the financial challenges our grass roots level participation increased again in 2014 with an investment of just under a $1 million dollars. The non-trading non cash activity of $46,800 improved our reported result to a loss of $602,202 which was a 48% improvement over the previous year; this further impacted our already negative balance sheet. It is important to understand that the unearned revenue on our balance sheet of $3,191,020 is a non cash liability and will be recognised as income as we deliver each of the homes games in 2015. The finance team has again been a great support to not only me but the entire organisation their dedication and ongoing hard work is really appreciated.

Maryanne Wilson Chief Financial Officer

RUGBYWA 2014 ANNUAL REPORT

41


42

RUGBYWA 2014 ANNUAL REPORT


WESTERN AUSTRALIAN  RUGBY  UNION  (INC.) WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.) DIRECTOR'S  REPORT DIRECTOR'S  REPORT Your  board  members  submit  the  consolidated  financial  report  of  the  Western  Australian  Rugby  Union  (Inc.)  and   ard  members   submit  the   consolidated   financial   eport   of  the  Western   Australian   Rugby   (Inc.)  2a014. nd   it's  controlled   entities   ("RugbyWA"   or  "rthe   Association")   for  the   year  ended   31  U Dnion   ecember   rolled  entities  ("RugbyWA"  or  "the  Association")  for  the  year  ended  31  December  2014. BOARD  MEMBERS MEMBERS The  names  of  the  board  members  throughout  the  year  and  at  the  date  of  this  report  unless  otherwise  stated  are: mes  of  the  board  members  throughout  the  year  and  at  the  date  of  this  report  unless  otherwise  stated  are: Elected Russel  Perry  -­‐  Chairman erry  -­‐  Chairman David  Redpath  -­‐  President Re-­‐elected  March  2014 edpath  -­‐  PLeon   resident Re-­‐elected  March   2014 March  2014 Davies Retired   vies Retired  March  2014 Steve  Fink Retired  March  2014 nk Retired  March  2014 Marion  Fulker Appointed  April  2014    * Fulker Anthony  Howarth Appointed  April  2014    *  HowarthHans  Sauer Elected  March  2014 uer Elected  March  2014 Appointed ed Ian  Cochrane Retired  March  2014 rane John  Edwards Retired  March  2014 Appointed  April  2014 wards Charles  Fear Appointed  April  2Re-­‐appointed   014 March  2014 Fear Re-­‐appointed  March   2014 April  2014    ** Kevin  Gallagher Appointed   allagher Scott  Staniforth  -­‐  Player  Representative Appointed  April  2Re-­‐appointed   014    ** March  2014 aniforth  -­‐Brent    Player   Representative Re-­‐appointed  March   2014 Stewart Retired   March  2014 ewart David  Vaux Retired  March  2014 Re-­‐appointed  March  2014 aux Re-­‐appointed  March  2014 *  appointed  to  replace  S  Fink nted  to  replace   S  Fink to  replace  I  Cochrane **  appointed   nted  to  replace  I  Cochrane Executives es Mark  Sinderberry  -­‐  Chief  Executive  Officer nderberry   -­‐  Chief  Executive   Maryanne   Wilson  -­‐O  Cfficer hief  Financial  Officer ne  Wilson  -­‐  Chief  Financial  Officer BOARD  MEETINGS MEETINGS The  number  of  board  meetings  held  and  the  number  of  meetings  attended  by  each  of  the  board  members mber  of  board   mteetings   held  aynd   during   he  financial   ear  tahe   re:number  of  meetings  attended  by  each  of  the  board  members he  financial  year  are: Board  Meetings Board  Meetings A B A B Russel  Perry  -­‐  Chairman 11 11 erry  -­‐  Chairman 11 11 11 David  Redpath  -­‐  President   11 edpath  -­‐  PIan   resident   11 11 2 Cochrane 2 rane Leon  Davies 2 2 2 2 vies 2 2 7 John  Edwards 9 wards Charles  Fear 7 9 11 11 Fear 11 11 2 Steve  Fink 2 nk 2 2 9 Marion  Fulker 9 Fulker Kevin  Gallagher 9 9 5 9 allagher Anthony  Howarth 5 9 9 11  HowarthHans  Sauer 9 11 8 9 uer 8 9 9 Scott  Staniforth  -­‐  Player  Representative 11 aniforth  -­‐Brent    Player   Representative 9 11 1 Stewart 2 ewart David  Vaux 1 2 8 11 aux 8 11 Mark  Sinderberry  -­‐  Chief  Executive  Officer 11 11 nderberry   -­‐  Chief  Executive   11 11 11 Maryanne   Wilson  -­‐O  Cfficer hief  Financial  Officer 11 ne  Wilson  -­‐  Chief  Financial  Officer 11 11 RUGBYWA 2014 ANNUAL REPORT All  Board  members  are  non-­‐executive.

43


Brent Stewart David  Vaux

1 8

2 11

WESTERN AUSTRALIAN  RUGBY  UNION  (11 INC.) Mark  Sinderberry  -­‐  Chief  Executive  Officer 11 Maryanne  Wilson  -­‐  Chief  Financial  Officer 11 11 DIRECTOR'S  REPORT All  Board  members  are  non-­‐executive. A  -­‐  N umber  the   of  m eetings  attended d  members   submit   consolidated   financial  report  of  the  Western  Australian  Rugby  Union  (Inc.)  and   B  -­‐  R(eflects   the  number   meetings  held   the   time  t3he   oard  member   lled  entities   "RugbyWA"   or  "the  oAf  ssociation")   for  dturing   he  year   ended   1  DBecember   2014.held  office  during  the  year.

MEMBERSCORPORATE INFORMATION The  consolidated  financial  report  of  Western  Australian  Rugby  Union  (Inc.)  for  the  year  ended  31  December  2014  was s  of  the  bauthorised   oard  members   throughout   the  year   and   t  the  date  oof  f  tthe   his  broard   eport   nless  otherwise   stated  a2re: for  issue   in  accordance   with   a  aresolution   muembers   on  16  February   015.

Western Australian  Rugby  Union  (Inc.)  is  an  Association  that  is  incorporated  and  domiciled  in  Australia. rry  -­‐  Chairman path  -­‐  President Re-­‐elected   March  a2t:014 The  registered  office  of  Western  Australian  Rugby  Union   (Inc.)  is  located   es Retired  March  2014    203  Underwood  Avenue k Retired  March  2014    FLOREAT  WA    6014 ulker Appointed  April  2014    * Howarth The  entity  employed  36  contracted  players  and  38  staff  as  of  31  December  2014  (2013:  40  contracted  players  and  39  staff). er Elected  March  2014 REMUNERATION d Non-­‐executive  directors  do  not  receive  remuneration  from  the  Association. ane Retired  March  2014 PRINCIPAL  ACTIVITIES ards Appointed  April  2014 The  principal  activities  of  the  Association  during  the  financial  Re-­‐appointed   year  were  the  oM peration   and  management  of   ear arch  2014 agher Rugby  Union  development  in  Western  Australia. Appointed  April  2014    ** iforth  -­‐  Player  Representative Re-­‐appointed  March  2014 SIGNIFICANT  CHANGES  IN  THE  STATE  OF  AFFAIRS wart Retired  March  2014 The  Future  Force  Foundation  was  incorporated  in  2014.    The  objectives  of  the  Future  Force  Foundation  are  to  foster  and  develop  rugby x Re-­‐appointed   March  2014 players  and  to  provide  scholarships  to  develop  their  rugby  and   vocational  skills.

ed to  replace   S  Fink REVIEW   OF  OPERATIONS ted  to  replace   I  Cochrane The  operating   deficit  for  the  financial  year  was  $602,201  (2013:  deficit  $1,160,490).

Detailed commentary  on  the  Association's  operations  are  included  in  the  Chairman's  Report,  Chief  Executive

Officer's report  and  the  Chief  Financial  Officer's  report  included  in  the  2014  Annual  Report. s erberry  -­‐  Chief  Executive  Officer EVELOPMENTS   e  Wilson  FUTURE   -­‐  Chief  FDinancial   Officer AND  RESULTS

The improved  team  performance  in  2014  has  set  the  platform  for  an  improved  financial  performance  in  2015. Together  with  the  ongoing  review  and  restructure  of  operating  expenditure  to  improve  efficiency,  the  directors MEETINGSare  confident  that  the  strategy  adopted  will  return  the  Association  to  reporting  a  surplus  over  the  course  of  the short  to  medium  term.

er of  board  meetings  held  and  the  number  of  meetings  attended  by  each  of  the  board  members e  financial   year  are: EVENTS  AFTER  THE  BALANCE  DATE SIGNIFICANT   Subsequent  to  year  end  the  Association  has  negotiated  a  short  term   unsecured   interest  free  loan  to  underpin  the Board   Meetings 2015  cashflow. A B rry  -­‐  Chairman 11 11 ENVIRONMENTAL  REGULATION  AND  PERFORMANCE path  -­‐  President   11 11 The  association  is  not  subject  to  any  particular  or  significant  environmental  regulation. ane 2 2 es 2 2 INDEMNIFICATION  OF  DIRECTORS  AND  AUDITORS ards 7 9 policies  of  insurance   The  Association  has  not  indemnified  any  of  the  directors  or  officers  nor  taken  out   ear 11 11 in  respect  of  the  directors'  liability. k 2 2 ulker 9 9 To  the  extent  permitted  by  law,  the  Association  has  agreed  to  indemnify   its  auditors,   Ernst  &  Young,  as  part  of agher the  terms  of  its  audit  engagement  agreement  against  claims  by  third   5 parties  arising   9 from  the  audit  (for  an during  or  since  the  financial  year. Howarth unspecified  amount).  No  payment  has  been  made  to  indemnify  Ernst   9 &  Young  11 The   A ssociation   s hall   h ave   n o   o bligation   h ereunder   t o   t he   e xtent   t hat   E rnst   &   Y oung   er 8 9 has  specifically  authorised in  writing,  third  party  reliance  on  the  report. iforth  -­‐  Player  Representative 9 11 wart 1 2 PROCEEDINGS  ON  BEHALF  OF  THE  ASSOCIATION x 8 11 No  person  has  applied  for  leave  of  Court  to  bring  proceedings  on  behalf  of  the  Association  or  intervene in  any  proceedings  to  which  the  Association  is  a  party  for  the  purpose  of  taking  responsibility  on  behalf  of  the

erberry -­‐Association    Chief  Executive   11 was  not  a11 for  all  fO or  fficer any  part  of  those  proceedings.  The  Association    party  to  any  such  proceedings e  Wilson  during   -­‐  Chief  tFhe   inancial   11 11 year. Officer 44

RUGBYWA 2014 ANNUAL REPORT


WESTERN AUSTRALIAN  RUGBY  UNION  (INC.) DIRECTOR'S  REPORT PRINCIPAL  ACTIVITIES

The psrincipal   of  the  Association   during   the   year  wA ere   the  operation   nd   management   ard  members   ubmit  atctivities   he  consolidated   financial   report   of  financial   the  Western   ustralian   Rugby  aU nion   (Inc.)  and  of   Rugby  (U nion  development   in  AWssociation")   estern  Australia. rolled  entities   "RugbyWA"   or  "the   for  the  year  ended  31  December  2014. PRINCIPAL  ACTIVITIES The  p rincipal   activities   of  the  A during  in   the   financial   ear  were  othe   operation   nd  mFanagement   f   to  foster  and  develop  rugby Future   Force   Foundation   wssociation   as  incorporated   2014.    The  oybjectives   f  the   Future  Faorce   oundation  aore   Rugby   U nion   d evelopment   i n   W estern   A ustralia. players  and  to  provide  scholarships  to  develop  their  rugby  and  vocational  skills.

SIGNIFICANT CHANGES  IN  THE  STATE  OF  AFFAIRS MEMBERS

mes of  the  board  members  throughout  the  year  and  at  the  date  of  this  report  unless  otherwise  stated  are:

SIGNIFICANT HANGES  IN  THE  STATE  OF  AFFAIRS REVIEW  OF  OC PERATIONS The  Fouture   F orce   Foundation   was  incorporated   2014.    T(2013:   he  objectives   f  the  Future  Force  Foundation  are  to  foster  and  develop  rugby perating  deficit   for  the  financial   year  was  $in   602,201   deficit  $o1,160,490). players   a nd   t o   p rovide   s cholarships   t o   d evelop   t heir   r ugby   a nd   v ocational   kills. erry  -­‐  Chairman Detailed  commentary  on  the  Association's  operations  are  included  in  the  Cshairman's   Report,  Chief  Executive report  and  the  Chief  Financial  Officer's  report  included   in  the  2014   nnual  2R014 eport. edpath  -­‐  POfficer's   resident Re-­‐elected   MAarch   REVIEW  OF  OPERATIONS vies Retired  March  2014 The   operating   deficit  for  the   financial   year  was  $602,201  (2013:   deficit  $M1,160,490). FUTURE   DEVELOPMENTS   AND   RESULTS nk Retired   arch  2014 Detailed   c ommentary   o n   t he   A ssociation's   o perations   a re   i ncluded   in   n  itmproved   he  Chairman's   Report,  Chief  Executive The   i mproved   t eam   p erformance   i n   2 014   h as   s et   t he   p latform   f or   a Fulker Appointed  April  financial   2014    *performance  in  2015. Officer's   r eport   a nd   t he   C hief   F inancial   O fficer's   r eport   i ncluded   i n   t he   2 014   A nnual   R eport. Together  with  the  ongoing  review  and  restructure  of  operating  expenditure  to  improve  efficiency,  the  directors  Howarth are  confident  that  the  strategy  adopted  will  return  the  Association  to  reporting  a  surplus  over  the  course  of  the uer Elected  March  2014 FUTURE   DEVELOPMENTS   short  to  m edium  term. AND  RESULTS The  improved  team  performance  in  2014  has  set  the  platform  for  an  improved  financial  performance  in  2015. ed Together   with  EtVENTS   he  ongoing   review   nd  restructure   SIGNIFICANT   AFTER   THE  BaALANCE   DATE of  operating  expenditure  to  improve  efficiency,  the  directors c onfident   t hat   t he   s trategy   a dopted   w ill   the  Aassociation   to  urnsecured   eporting    surplus  free   over   the  tco  ourse   of  the rane are   March  2ai014 Subsequent  to  year  end  the  Association  has  rneturn   egotiated    short  Retired   term   nterest   loan   underpin   the short   t o   m edium   t erm. wards 2015  cashflow. Appointed  April  2014

Fear Re-­‐appointed March  2014 SIGNIFICANT  EVENTS   AFTER  THE  ABND   ALANCE   DATE REGULATION   PERFORMANCE allagher ENVIRONMENTAL   Appointed  April  2014    ** Subsequent   to  yiear   end   the  Association   has  negotiated   a  short   term  unsecured   nterest  free  loan  to  underpin  the The   a ssociation   s   n ot   s ubject   t o   a ny   p articular   o r   s ignificant   e nvironmental   regulation. aniforth  -­‐  Player  Representative Re-­‐appointed   Miarch   2014 2015  cashflow. ewart Retired  March  2014 INDEMNIFICATION  OF  DIRECTORS  AND  AUDITORS aux Re-­‐appointed  March  2014 ENVIRONMENTAL  REGULATION  AND  PERFORMANCE The  Association  has  not  indemnified  any  of  the  directors  or  officers  nor  taken  out  policies  of  insurance   The   association   ot  subject   to  any  particular  or  significant  environmental  regulation. in   respect   of  the  is  dnirectors'   liability.

nted to  replace  S  Fink nted  to  rTo   eplace   I  Cochrane INDEMNIFICATION   OF  DbIRECTORS   AUDITORS the  extent   permitted   y  law,  the  AAND   ssociation   has  agreed  to  indemnify  its  auditors,  Ernst  &  Young,  as  part  of The  tAerms   ssociation   as  neot   indemnified   any  of  the   directors   or  obfficers   nor   taken   out  policies   f  iansurance   the   of  its  ahudit   ngagement   agreement   against   claims   y  third   parties   arising   from  to he   udit  (for  an

in respect  of  atmount).   he  directors'   liability.has  been  made  to  indemnify  Ernst  &  Young  during  or  since  the  financial  year. unspecified   No  payment   es The   A ssociation   s hall   h ave   n nderberry  -­‐  Chief  Executive  Officero  obligation  hereunder  to  the  extent  that  Ernst  &  Young  has  specifically  authorised To  wthe   extent   permitted   by  law,   the   Arssociation   has  agreed  to  indemnify  its  auditors,  Ernst  &  Young,  as  part  of in   hird   party   reliance   on   the   eport. ne  Wilson   -­‐  Criting,   hief   Ftinancial   Officer

the terms  of  its  audit  engagement  agreement  against  claims  by  third  parties  arising  from  the  audit  (for  an unspecified  amount).   No  payment   been  made  to  indemnify  Ernst  &  Young  during  or  since  the  financial  year. PROCEEDINGS   ON  BEHALF   OF  THE  hAas   SSOCIATION MEETINGS The  pAerson   ssociation   shall  have   o  obligation   to  the  extent   Ernst    YAoung   has  specifically   authorised No   has  applied   for  lneave   of  Court  htereunder   o  bring  proceedings   on  tbhat   ehalf   of  t& he   ssociation   or  intervene riting,   third  party   on  Atssociation   he  report.is  a  party  for  the  purpose  of  taking  responsibility  on  behalf  of  the in  awny   proceedings   to  rweliance   hich  the   mber  of  board   meetings   nd  ptart   he  onf  umber   f  meetings   attended   by  ewach   f  tahe   board   Association   for  ah ll  eld   for  aany   those  poroceedings.   The   Association   as  noot    party   to  am ny  embers such  proceedings he  financial   year   are: PROCEEDINGS   during   the   year.ON  BEHALF  OF  THE  ASSOCIATION No  person  has  applied  for  leave  of  Court  to  bring  proceedings  on  bBoard   ehalf  of  Mthe   Association  or  intervene eetings in  any  pin   roceedings   to  w with   hich   he  Association   is  maembers    party  for   on  behalf  of  the Signed   accordance   a  rtesolution   of  the   of  tthe   he  pBurpose   oard. A of  taking  responsibility   B Association   f or   a ll   f or   a ny   p art   o f   t hose   p roceedings.   T he   A ssociation   w as   n ot   a   p arty   t o   a ny   s uch   proceedings erry  -­‐  Chairman 11 11 during   t he   y ear. edpath  -­‐  President   11 11 rane Russel  Perry 2 2 Signed  i1n  6  aFccordance   with  a  resolution  of  the  members  of  the  Board. Dated:   ebruary  2015 vies 2 2 Perth

wards Fear Russel Perry nk Dated:  16  February  2015 Fulker Perth allagher  Howarth uer aniforth  -­‐  Player  Representative ewart aux

7 11 2 9 5 9 8 9 1 8

9 11 2 9 9 11 9 11 2 11

nderberry -­‐  Chief  Executive  Officer ne  Wilson  -­‐  Chief  Financial  Officer

11 11

11 11

RUGBYWA 2014 ANNUAL REPORT

45


WESTERN AUSTRALIAN   RUGBY  (INC.) UNION  (INC.) WESTERN AUSTRALIAN RUGBY UNION CONSOLIDATED CONSOLIDATED   STATEMENT STATEMENT   OF  COMPREHENSIVE OF  COMPREHENSIVE   INCOME INCOME YEAR  ENDED YEAR  31 ENDED   DECEMBER   31  DECEMBER   2014 2014 Note

2013 $      2a                      15,968,219                              16,734,266 2b  500,000  -­‐

REVENUE FROM  CONTINUING  OPERATIONS OTHER  INCOME OPERATING  EXPENDITURE Commercial  services  expenses Media  services  expenses Community  rugby  expenses Professional  rugby  expenses Corporate  services  expenses Stadium  infrastructure  expenses

3a                              (5,372,478)                                (5,651,582) (418,700)    (362,056)                                 (980,165)    (986,664) (8,186,873)                                (8,585,778)                                 (2,028,407)                                (2,199,765) 3b (83,798)    (108,911)

NET DEFICIT Other  comprehensive  income Total  comprehensive  deficit  for  the  period The  above  Consolidated  Statement  of  Comprehensive  Income  should  be  read  in  conjunction with  the  accompanying  notes.

46

RUGBYWA 2014 ANNUAL REPORT

2014

13

(602,202)                              (1,160,490)   -­‐    -­‐  (602,202)                              (1,160,490)  


WESTERN AUSTRALIAN   UGBY   UNION   (INC.) (INC.) WESTERN   AUSTRALIAN   WESTERN   RA UGBY   USTRALIAN   URNION   R(INC.) UGBY   UNION   CONSOLIDATED   S TATEMENT   O F   F INANCIAL   POSITION CONSOLIDATED   CONSOLIDATED   STATEMENT   STATEMENT   FINANCIAL  RPOUGBY   OSITION F  FINANCIAL   OSITION WESTERN  O AF   USTRALIAN   UNION  (PINC.) AT   3 1   D ECEMBER   2 014 AT   3 1   D ECEMBER   AT   2 3 014 1   D ECEMBER   2 014 CONSOLIDATED  STATEMENT  OF  FINANCIAL  POSITION AT  31  DECEMBER  2014 Note Note Note

CURRENT ASSETS NT   ASSETS CURRENT   ASSETS aeCash   nd   cash   ash  and  Cash   c ash   quivalents nd  ecquivalents ash  equivalents CURRENT  AaSSETS Trade   a nd   o ther   receivables rade  and  other   Trade   receivables nd  co ther   receivables Cash   aand   ash   equivalents nventoryInventory Inventory Trade  and  other  receivables Other  aOther   cssets urrent   assetsassets Other  current   current   Inventory TOTAL  TOTAL   CA URRENT   ASSETS  CURRENT   SSETS CURRENT   ASSETS Other   current   assets

TOTAL CURRENT  ASSETS NON-­‐CURRENT   URRENT   NON-­‐CURRENT   ASSETS ASSETS ASSETS pelant   apnd   equipment roperty,  Property,   p lant   Property,   a nd   quipment and  equipment NON-­‐CURRENT  Alant   SSETS TOTAL   N ON-­‐CURRENT   A SSETS  NON-­‐CURRENT   TOTAL   NAON-­‐CURRENT   SSETS plant  and   ASSETS Property,   equipment

Note 4 5 6 7

TOTAL CURRENT  LIABILITIES NON-­‐CURRENT   LIABILITIES URRENT   NON-­‐CURRENT   LIABILITIES LIABILITIES Employee   entitlements mployee   e ntitlements Employee   ntitlements NON-­‐CURRENT  LeIABILITIES Non-­‐interest   b earing   loans   aloans   nd  borrowings Non-­‐interest  bearing   Non-­‐interest   loans   abnd   earing   borrowings and  borrowings Employee   entitlements TOTAL  TOTAL   NON-­‐CURRENT   LIABILITIES  NON-­‐CURRENT   N L ON-­‐CURRENT   IABILITIES L IABILITIES Non-­‐interest  bearing  loans  and  borrowings

8

                             1,952,253    4                      4              593,453                                593,453                                        593,453                  1,952,253                      1,95 5                                         996,995                                          351,816                            5                   351,816      35   4       996,995                                                                              996,995 593,453                                                1,95    6                      6  5                75,470                                                          75,470                                                  996,995          75,470                        22,896                                                          22,896                                35        2 7                                         124,437                                               82,149                            7          75,470 8 6       124,437                                                                              124,437             82,149                                                                2                                    1,790,355                                2,409,114                        7          1,790,355                                 1,790,355                         2,409,114                       2,40                                        124,437                                              8  

 8                      8              799,601                                799,601                                        799,601                        775,634                                775,634                      77                                           799,601                                         775,634                        8         799,601                                                                                799,601 799,601                 775,634                                                              77 77  

                               2,589,956                                  3,18 9 10 11 12

 9                      9              412,683                                412,683                                        412,683                        454,062                                454,062                      45   10                                   3,191,020                                   2,765,922                      10    9       3,191,020              412,683                                                                  3,191,020                 2,765,922                                                        2,76      45    11                    11  10                254,905                                                  254,905                                          3,191,020              254,905                        167,228                                                  167,228      16                                  2,76 12                                         320,000                                           386,500                        11 12           320,000 320,000 38                                                                              254,905                   386,500                                                            16                                    4,178,608  3,773,712                                3,773,712                      12            4,178,608                                 4,178,608                                             3,77                                        320,000                                          38  

                               4,178,608                                  3,77

11 12

11                    11                  189,310                                189,310                                        189,310                        155,880                                155,880                      15   12                                         806,327                                     1,237,244                      12           806,327                   1,237,244 11                                                                              806,327 189,310                                                        1,23      15                                  995,637                                1,393,124                      12                  995,637                                         995,637                 1,393,124                                        806,327                                                          1,39 1,23

                                     995,637                                  1,39                                5,174,245                                5,166,836                                  5,174,245                                5,174,245                        5,166,836                      5,16

TOTAL LIABILITIES NET  LIABILITIES ABILITIES NET  LIABILITIES

                               5,174,245                                  5,16                              (2,584,289)                                  (2,584,289)                            (2,584,289)                        (1,982,088)                                  (1,982,088                    (1,98  

NET LIABILITIES

Accumulated deficit

2013 $

                                     799,601                                        77                                2,589,956                                3,184,748                                  2,589,956                                2,589,956                        3,184,748                      3,18

TOTAL NON-­‐CURRENT  LIABILITIES TOTAL  TOTAL   LIABILITIES  LIABILITIES LIABILITIES

MEMBERS' FUNDSFUNDS ERS'   FUNDS MEMBERS'   Accumulated   deficit ccumulated   deficit Accumulated   MEMBERS'   FUNDS deficit

2014 2014 2013 $ 2014

                               1,790,355                                  2,40

TOTAL NON-­‐CURRENT  ASSETS TOTAL  TOTAL   ASSETS  ASSETS ASSETS

TOTAL ASSETS CURRENT   LIABILITIES NT   LIABILITIES CURRENT   LIABILITIES Trade   and   other   pther   ayables rade  and   o ther   Trade   p ayables and  o payables CURRENT  LIABILITIES Unearned   r evenue Unearned  revenue Unearned   Trade  and  roevenue ther  payables Employee   entitlements mployee   entitlements Employee   ntitlements Unearned  erevenue Non-­‐interest   bearing   loans   aloans   nd  borrowings Non-­‐interest   bearing   Non-­‐interest   loans   abnd   earing   borrowings and  borrowings Employee   entitlements TOTAL   C URRENT   L IABILITIES  CURRENT   TOTAL   LIABILITIES C URRENT   L IABILITIES Non-­‐interest  bearing  loans  and  borrowings

2014

                           (2,584,289)                                (1,98   13

                             (2,584,289)                                (1,982,088  13                    13          (2,584,289)                              (2,584,289)                        (1,982,088)                      (1,98                               (2,584,289)                                 (1,982,088                        13        (2,584,289)      (2,584,289)                      (1,982,088)      (1,98                                                          (2,584,289)                                                  (1,98

The above   onsolidated   Statement   of  FPinancial   osition   should   he  above   Consolidated   The  aCbove   Statement   Consolidated   of  Financial   Statement   osition   of  Financial   sPhould   Pbosition   e   read  sihould   nbe  read   be  inread  in conjunction   w ith   t he   a ccompanying   n otes. onjunction  with   conjunction   the   accompanying   with  the  n accompanying   otes. The   above   Consolidated   Statement  onf  otes. Financial  Position  should  be  read  in

                           (2,584,289)                                (1,98  

conjunction with  the  accompanying  notes.

RUGBYWA 2014 ANNUAL REPORT

47


WESTERN AUSTRALIAN   RUGBY   NION   INC.) (INC.) WESTERN  AUSTRALIAN   RWESTERN   UGBY   UNION   (INC.) AUSTRALIAN   RU UGBY   U(NION   CONSOLIDATED   S TATEMENT   O F   C ASHFLOWS CONSOLIDATED  STATEMENT   OF  CASHFLOWS CONSOLIDATED   STATEMENT  OF  CASHFLOWS YEAR  EYEAR   NDED   31  DECEMBER   2014 2014 YEAR  ENDED  31  DECEMBER   2014 ENDED   31  DECEMBER   Note Note 2014

2013 $

Receipts from  mfrom   embers   and  sponsors Receipts   members   and  sponsors Operating   g rants   r eceived Operating  grants  received Payments   to  suppliers   and  employees Payments   to  suppliers   and  employees Interest   r eceived Interest  received GST  paid GST  paid

                               10,825,670                                      4,997,370                              (15,836,710)                                                    25,108                                          (890,109)

                               13,505,845                                      4,280,000                              (18,167,363)                                                    60,663                                          (853,445)

Net cash   used   operating   activities Net   cash  in   used   in  operating   activities

                                   14    (878,671) 14                                    (1,174,300)

CASH FCASH   LOWS   FROM  FOROM   PERATING   ACTIVITIES FLOWS   OPERATING   ACTIVITIES

CASH FCASH   LOWS   FROM  FINVESTING   ACTIVITIES FLOWS   ROM  INVESTING   ACTIVITIES Purchase   of  property,   plant  apnd   equipment Purchase   of  property,   lant   and  equipment Sales  oSales   f  property,   p lant   a nd   e quipment of  property,  plant  and  equipment

                                       (160,129)                                              (71,400)                                                                -­‐                                            268,515  

Net cash   used   investing   activities Net   cash  in   used   in  investing   activities

                                       (160,129)                                            197,115  

CASH FCASH   LOWS   FROM  FFROM   INANCING   ACTIVITIES FLOWS   FINANCING   ACTIVITIES Loan  repayments Loan  repayments Repayment   of  leases Repayment   of  leases

                                       (320,000)                                          (260,000)                                                              -­‐                                              (25,309)  

Net cash   used   financing   activities Net   cash  in   used   in  financing   activities

                                       (320,000)                                          (285,309)

Net decrease   in  cash  in   and   cash   equivalents Net  decrease   cash   and   cash  equivalents

                                 (1,358,800)                                    (1,262,494)

Cash aCash   nd  cash   equivalents   at  beginning   of  period and   cash  equivalents   at  beginning   of  period

                                   1,952,253                                      3,214,747

Cash aCash   nd  cash   equivalents   at  end  aot  f  epnd   eriod and   cash  equivalents   of  period

                                     4    593,453                                        1,952,253 4

The above   onsolidated   Statement   of  Cashflows   should  sbhould   e  read   in  read   conjunction   with  the The  aCbove   Consolidated   Statement   of  Cashflows   be   in  conjunction   with  the accompanying   notes. notes. accompanying  

48

RUGBYWA 2014 ANNUAL REPORT


WESTERN WESTERN   AUSTRALIAN   WESTERN   RAUGBY   AUSTRALIAN   USTRALIAN   UNION   INC.) UGBY   NION   (INC.) WESTERN   R(RUGBY   UUNION   AUSTRALIAN   RUGBY   UNION   (INC.)(INC.) CONSOLIDATED   CONSOLIDATED   S TATEMENT   O F   S C TATEMENT   HANGES   I N   O E F   QUITY C HANGES   I EQUITY CONSOLIDATED   STATEMENT   OF  CHANGES   IN  N  EQUITY CONSOLIDATED   STATEMENT   OF  CHANGES   IN  EQUITY YEAR  ENDED   3YEAR   1  EYEAR   DNDED   ECEMBER   ENDED   014 1  DDECEMBER   ECEMBER   014 ENDED   3231   YEAR   31  DECEMBER   201422014 Members  Members   Funds Members   FundsTotal Members   Funds Funds

Tota

anuary At  11  J  anuary   January   014 At  12  014 JAt   anuary   201422014 t  for  Deficit   the  pDeficit   eriod Deficit   f or   t he   eriod f or   t he   p for  the  periodperiod  comprehensive   Other   i c ncome omprehensive   income Other   c omprehensive   income Other  comprehensive  income December   At   2 014 3 1   D ecember   2 014 31  December   At  31  At   December   20142014

                         (1,982,088)    (1,982,088)                (1,982,088)    (1,98                      (1,982,088)                  (1,982                                      (1,982,088)                                      (1,982,088                                  (602,201)                                                      (602,201)    (602,201)                (602,201)                                                      (602,201                            (602,201)                  (602    (60                                                                              -­‐                                                                                -­‐                          -­‐        -­‐                                    -­‐                                                                        -­‐                                      (2,584,289)                  (2,584,289)    (2,584,289)                (2,584,289)                  (2,584    (2,58                                      (2,584,289)                                      (2,584,289

anuary At  11  J  anuary   January   013 At  12  013 JAt   anuary   201322013 t  for  Deficit   the  pDeficit   eriod Deficit   f or   t he   eriod for  pteriod he  pperiod for  the    comprehensive   Other   icncome omprehensive   income Other   comprehensive   income Other   comprehensive   income December   At   2 013 3 1   D ecember   2 013 At   3 1   D ecember   2 013 At  31  December  2013

                               (821,598)                                                      (821,598)    (821,598)                (821,598)                                                      (821,598      (82                          (821,598)                  (821                            (1,160,490)                             (1,160,490)                 (1,160,490)                             (1,16 (1,160,490) (1,160                                (1,160,490)                                (1,160,490                                                                              -­‐                                                                                -­‐                          -­‐        -­‐                                    -­‐                                                                        -­‐                                      (1,982,088)      (1,982,088)                (1,982,088)    (1,98                        (1,982,088)                  (1,982                                      (1,982,088)                                      (1,982,088

bove The   Consolidated   The  above   aCbove   SC tatement   Consolidated   onsolidated   of  CShanges   Statement   Eoquity   of  f  CChanges   hanges   sihould   bEe   Esquity   rhould   ead  sihould   sn  hould   onjunction   read   ith   conjunction   the with  w with   ith  the the tatement   in  in   quity   bbe  e  rin   ead   iw n  in   conjunction   aThe   bove   onsolidated   Statement   of  in   Changes   n  Equity   bce   read   conjunction   the mpanying   n accompanying   otes. n otes. accompanying   n otes. accompanying  notes.

RUGBYWA 2014 ANNUAL REPORT

49


WESTERN AUSTRALIAN   WESTERN   RUGBY   UUSTRALIAN   NION   (INC.) RUGBY  UNION  (INC.) WESTERN   AUSTRALIAN   RA UGBY   UNION   (INC.) NOTES   O  THE   FINANCIAL   STATEMENTS   TY HE   YEAR NOTES  TO   THE  FTINANCIAL   NOTES   STTATEMENTS   O  THE   FINANCIAL   FOR  FTOR   HE   STATEMENTS   EAR FOR  THE  YEAR 31  DECEMBER   ENDED  ENDED   31  DECEMBER   ENDED   201423014 1  DECEMBER  2014 NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

ATEMENT NOTE   OF  SIGNIFICANT   1:  STATEMENT   ACCOUNTING   OF  SIGNIFICANT   POLICIES ACCOUNTING  POLICIES (a)

Basis of  Preparation

Basis f  Preparation Basis  report   of  Preparation This  co(a) onsolidated   financial   is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirements onsolidated   f inancial   This   c onsolidated   r eport   i s   a   g f eneral   inancial   urpose   report   ifs  inancial   a  gAeneral   report,   paurpose   wustralian   hich   financial   has  Abccounting   een   report,   prepared   hich  in   has   aaccordance   been   prepared   with  the   in  apfccordance   inancial   reporting   with  of  the   requirements fAinancial   of  the  Associations  Incorporation  Apct   of  Western   ustralia   nd  A Sw tandards   nd   other   authorative   ronouncements   the   ustralianreportin Accounting   and   ther   authorative   ronouncements   f  the   Australian   ccounting    The  fainancial   report   has  also   pArepared  Associations   Incorporation   of  the  Standards   Associations   Act   of  oIW ncorporation   estern   Australia   Apct   oaf  nd   Western   Australian   Aoustralia   Accounting   and  Australian   SAtandards   Accounting   aStandards   nd  other  BSaoard.   tandards   uthorative   nd   pronouncements   other   authorative   obf  een   tphe   ronouncements   ustralian o on  a  hAccounting   istorical   cost  Sbatandards   asis.   The  financial   report   is  presented   in  A ustralian   dollars. nting  Standards   and  other   uthorative   and   pronouncements   other   authorative   o f   t p he   ronouncements   A ustralian   A ccounting   o f   t he   A ustralian   S tandards   A ccounting   B oard.     T he   S tandards   f inancial   B r oard.   eport     h T as   he   a f lso   inancial   b een   r p eport   repared h as   a ls WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.) istorical  cost  bon   asis.   a  hTistorical   he  financial   cost  report   basis.  iTs  he   presented   financial  in   report   Australian   is  presented   dollars.in  Australian  dollars.

Cash Management NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR ENDED  31  DECEMBER   014 The  Association  has  a  net  current  liability  position  of  $2,388,253   (2013:  $21,364,598)   and  a  net  liability  position  of  $2,584,289  (2013:  $1,982,088)  as  at Management Cash   M anagement 31   D ecember   2 014   a nd   a   n et   d eficit   f or   t he   y ear   o f   $ 602,201   ( 2013:   $ 1,160,490) NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

ssociation has  aThe    net  Acssociation   urrent  liability   has  ap  nosition   et  current   of  $2,388,253   liability  position   (2013:  o$f  1,364,598)   $2,388,253  a(nd   2013:   a  net   $1,364,598)   liability  position   and  a  onf  et   $2,584,289   liability  position   (2013:  o$f  1,982,088)   $2,584,289  a(s  2013:   at $1,98 cember  2014   a 31   nd   D a ecember     n et   d eficit   2 014   f or   t a he   nd   y a ear     n et   o f   d eficit   $ 602,201   f or   t he   ( 2013:   y ear   $ o 1,160,490) f   $ 602,201   ( 2013:   $ 1,160,490) (a) consolidated   Basis  of  financial   Preparation The   report  has  been  prepared  on  a  going  concern  basis.  In  arriving  at  this  position  the  directors  have  had  regard  to  the  fact  that This  A consolidated   report   is  ad  girectors’   eneral  purpose   financial   has   been   prepared  cin   accordance   the  financial  reporting   requirements the   ssociation  financial   has,  or   in  the   opinion   will  report,   have  wahich   ccess   to,   sufficient   ash   to  fund  waith   dministrative   and  other   committed  expenditure  for  a  period of  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  Australian

of ot  The   less  Sctandards   tonsolidated   han   12  am futhorative   rom   he  rpdeport   ate  oof  hn   this   onsolidated   fninancial   report   honths   bfainancial   een   ptrepared   as   a  gbreport.   oing   een   cArepared   oncern   oasis.   n  a  gIn   oing   arriving   concern   at  t  his   asis.   osition   In  arrriving   the   daairectors   t  tbhis   have  had   the   regard   directors   to  the   have   fact   had   that regard  to Accounting   nd   oas   ther   ronouncements   of  the  p ustralian  Ab ccounting   Standards   Board.   Tbhe   fp inancial   eport   has   lso   een  p position   repared on   a  historical   che   ost  bdasis.   The  h financial   is  pill   Australian   dollars. ssociation  h as,   the   or  in   Atssociation   irectors’   as,   opinion   or  report   in  the   w dresented   irectors’   have  ian  ccess   opinion   to,   sw ufficient   ill  have  caash   ccess   to  tfo,   und   sufficient   administrative   cash  to  afund   nd  oather   dministrative   committed   and   expenditure   other  committed   for  a  period expenditu forming   this   view   he  1 irectors   have   taken   into   consideration   the  following.  less  than  In   12   mof   onths   not   lfess   rom   than   tthe   dd2   ate   months   of  this   from   report.   the   date   of  this  report.   Cash  Management The  Association  has  a  net  current  liability  position  of  $2,388,253  (2013:  $1,364,598)  and  a  net  liability  position  of  $2,584,289  (2013:  $1,982,088)  as  at

Included within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearned

December 2014  and   a  h net   eficit   or  the   year  c of   $602,201   $t1,160,490) ming  this  v31   iew   tIn   he   forming   diirectors   this   ave   vadiew   taken   tfhe   irectors   onsideration   have  (2013:   taken   he   itnto   following. onsideration   revenue   n  a  liquidity   nalysis   ads  into   at  31   December   2014,   he   Acssociation   has  at  nhe   et  fcollowing. urrent  asset  position  of  $802,767;

The consolidated  financial  report  has  been  prepared  on  a  going  concern  basis.  In  arriving  at  this  position  the  directors  have  had  regard  to  the  fact  that

the ssociation   has,  or  w in  ithin   the   irectors’   opinion   ww ill  ith   have   ais   ccess   to,   sufficient   cash   fund   and   other  cd ommitted   expenditure   for   eriod uded  within   cAurrent   Included   is   ucnearned   urrent   iabilities   revenue   of   u$nearned   3,191,020   revenue   (2013:   oa$  f  va2,765,922)   $dministrative   3,191,020   w(2013:   hich   $he   2,765,922)   not   roequire   which   a  ca  ash   oes   outlay.   noot   require    Excluding   a  cash   he   outlay.   unearned  Excludin On   going   dliabilities   iscussions   hdave   been   hleld   the   W A   government   wto  ith   iew   to  renegotiating   toes   terms   f  the   loan   fpdor   the   riginal   stadium   dtevelopment of  not  less  than  12  months  from  the  date  of  this  report.   (carrying   v alue   o f   $ 1,126,327   a s   a t   3 1   D ecember   2 014);   enue  in  a  liquidity  revenue   analysis  in   as  aa  lt   iquidity   31  December   analysis  2a014,   s  at  t3he   1  DAecember   ssociation   2014,   has  at  he   net  Acssociation   urrent  asset   has  paosition    net  current   of  $802,767; asset  position  of  $802,767; In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Agreement hb as   bdeen   made   for  htahe   n  interest   fhree   loan   o   underpin   the   015   going  discussions   On   have   going   een   iscussions   held   with   ave   WbA   een   government   eld  short   with  term   tw he   ith   W aA    vgtiew   overnment   to  renegotiating   w2ith   a  cvashflow; iew   the  to   erms   renegotiating   of  the  loan   the   for  terms   the  original   of  the  sloan   tadium   for  tdhe   evelopment original  stadiu Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearned rying  value  revenue   of  $1,126,327   (carrying   vas   alue   at  3o1   1,126,327   014);   s  att  he   31   December   014);   in  a  liquidity  a nalysis   af   s  D a$t  ecember   31  December  22a 014,   Association   has  a  n2et   current  asset  position  of  $802,767; Significant  uplift  in  the  boardcast  revenues  in  2016;  and

On going  discussions  have  been  held  with  the  WA  government  with  a  view  to  renegotiating  the  terms  of  the  loan  for  the  original  stadium  development eement  has  (carrying   bceen   Agreement   m ade   areview   h n  as   interest   een   m ree   ade  short   for   n   term   interest   loan   ftree   o  uonderpin   short   the  loan   2015   to   cashflow; uinderpin   the   015   cashflow; value   of  f$or   1,126,327   abs  o af   t  3e1   Dfecember   2014);   A   omprehensive   xpenditure   haas   b een   carried   ut   with  tierm   mprovements   n  efficiency   m2ade   for   2015. Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

The iAn  ssociations   ability   o  ciontinue   a2s  016;   a  going   oncern  and   its  adnd ebts  and  future  commitments  as  and  when  they  fall  due  is  dependant  on  a  number nificant  uplift   the   Significant   boardcast   uplift   rtevenues   n  the  ibn  oardcast   and rcevenues   in  m2eet   016;   of  Significant   factors,  iuncluding; plift  in  the  boardcast  revenues  in  2016;  and

omprehensive review   A  comprehensive   of  expenditure   review   has  boeen   f  expenditure   carried  out  hwas   ith   been   improvements   carried  out  iw n  ith   efficiency   improvements   made  for   in  2e015. fficiency  made  for  2015. A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015. Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

The Associations  ability  to  continue  as  a  going  concern  and  meet  its  debts  and  future  commitments  as  and  when  they  fall  due  is  dependant  on  a  number ssociations   ability   The   to   AAssociations   cssociation   ontinue  ans   aability    going   to  cconcern   ontinue   and   as  am  geet   oing   its  concern   debts  and   and   future   meet  cits   ommitments   debts  and  future   as  and  commitments   when  they  fall   as   due   and   is  wdhen   ependant   they  fall   on  daue    number is  dependa Should   the   ot  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concern of  factors,   including; tors,  including; of  factors,   including; and  therefore   whether   it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financial

Continued support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers. report.   The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  to tinued  support   Continued   f  Atssociation   he  oAr  ustralian   support   Rugby   tatters   he   Union,   Asustralian   m R ugby   Union,  uam embers,   financiers. ponsors   annd   inanciers. the   amounts   classification   oof  f   liabilities   might   be  sis  ponsors   nsecessary   snd   hould   the   Asssociation   ot  bfw e  ill  acble   to  continue   s  a  going  concern. Should   to he   not   achieve   the   m et  othat   ut  aembers,   bove   there   ignificant   ncertainty   whether   the  Association   ontinue   as  a  going  a concern and  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financial

report. The  consolidated   financial   rC eport   oes  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  to (b) of  m ompliance d  the  Association   Should   not  atStatement   chieve   he  Association   the   atters   ndot   aset   chieve   out  atbove   he  matters   there  iss  et   significant   out  above   uncertainty   there  is  significant   whether  utncertainty   he  Association   whether   will  ctontinue   he  Association   as  a  going   will  cconcern ontinue  as  a  g the  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern. The   f inancial   r eport   c omplies   w ith   A Accounting   Satandards   issued   the   Australian   Accounting   Standards   Business   oard. satated   herefore  whether   and   it  tw herefore   ill  realise   wihether   ts  assets   it  w australian   nd   ill  reealise   xtinguish   its  assets   its  liabilities   nd  extinguish   in  ats  he   normal   its  bly  iabilities   course   in   of  the   business   normal   and   course   at  the   of  abmounts   nd  at  itn   he   the   amounts   financialstated  in  t

(b) of Compliance t.  The  consolidated   report.   fStatement   inancial   The  consolidated   report  does  financial   not  include   report   any  daoes   djustment   not  include   relating   any  tao   djustment   the  recoverability   relating  too  r  tche   lassification   recoverability   of  recorded   or  classification   asset  amounts   of  recorded   or  to asset The   inancial  rieport   complies  with   Australian   ccounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board. (i)   Cfhanges   n  accounting   policy   and  dAisclosures mounts  or  classification   the  amounts   of  liabilities   or  classification   that  might   of  lbiabilities   e  necessary   that  sm hould   ight  bthe   e  nA ecessary   ssociation   should   not  bte   he   able   Association   to  continue   not  abs  e  aa  gble   oing   to  cconcern. ontinue  as  a  going  concern. (i)  Changes  in  accounting  policy  and  disclosures

The accounting  policies  adopted  are  consistent  with  those  of  the  previous  financial  year  except  as  follows:  

Statement (b) of   Compliance Statement   of  Cwompliance The  accounting   policies   adopted   are  consistent   ith  those  of  the  previous  financial  year  except  as  follows:   Application   of  AASB   0   Consolidated   Financial   nancial  report   cThe   omplies   financial   with  1report   Australian   complies   Accounting   with  ASustralian   Statements. tandards   Accounting   as  issued  bSy   tandards   the  Australian   as  issued   Accounting   by  the  Australian   Standards   Accounting   Board. Standards  Board. Application  of  AASB  10  Consolidated  Financial  Statements.

In addition   tphe   Association   has  adopted   all  tnd   he   and   amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,   anges  in  accounting   (i)  Cthanges   ain   nd   ahccounting   disclosures olicy   dnew   isclosures In  addition   he   Aolicy   ssociation   as   adopted  all  p the   new  aand   amended   Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,   including including

ccounting Reference pReference olicies   The  aadopted   ccounting   onsistent   adopted   with   tahose   re  consistent   of  the  previous   with  those   financial   of  the   year   previous   except  fainancial   s  follows:   year  except  as  follows:   Title Summary Title are  pcolicies   Summary AASB  13

AASB 13

Fair Value  

Fair Value  

AASB 13  establishes  a  single  source  of  guidance  for  determining  the  fair  value  of  assets  and  liabilities.  AASB  13  does  not  change  when  an  entity  is  

AASB 13  establishes  a  single  source  of  guidance  for  determining  the  fair  value  of  assets  and  liabilities.  AASB  13  does  not  ch

Measurement required to  use  fair  value,  but  rather,  provides  guidance  on  how  to  determine  fair  value  when  fair  value  is  required  or  permitted.  Application  of  this   ation  of  AASB  1Application   0  Consolidated   of  AASB   Financial   10  definition   Consolidated   Statements. Financial   Measurement required   o  duifferent   se  fair  fSair   vtatements. alue,   rather,   provides   on  hCow   to  determine   fair  value   hen   fair   s  required  or  per may  result  tin   values  bbut   eing   determined   for  the  gruidance   elevant  assets.   onsequential   amendments   were  aw lso   made   to  voalue   ther  sitandards  

via AASB  2definition   011-­‐8. may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  al

as via   na o  dopted   impact   aadopting   standard. dition  the  Association   In  addition   has  atdopted   he  Association   all  tThere   he  nhwew   as   nd   amended   ll  the   Atnhis   ustralian   ew   and  aAmended   ccounting   Australian   Standards   Accounting   and  AASB  SInterpretations   tandards  and  AaASB   s  of  I1nterpretations    January  2013,  as  of  1  Janu A ASB   2of  011-­‐8. AASB  2011-­‐4 Employee  Benefits The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee   ing including There   w as   n o   i mpact   o f   a dopting   t his   s tandard. benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  

ence 13

AASB 2011-­‐4 Employee  Benefitsamendments   The  wrere   evised   tandard   changes   the   of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  oth also  msade   to  other   standards   via  d Aefinition   ASB  2011-­‐0.  

benefits is  nSummary ow  hbad  ased   on  whether   benefits   expected   to  obf  e   settled   wholly  within  12  months  after  the  reporting  dat Title Reference Title Summary Application   of  this  standard   no  significant   impact  tohe   n  the   financial  arre   esults   or  position   the   Association. AASB  2011-­‐4 Amendments  to   This  amendment   deletes  from   AASB   124  m individual   key   management   personnel   disclosure   requirements  for  disclosing  entities  that  are  not  companies.   amendments   w ere   a lso   ade   t o   o ther   s tandards   v ia   A ASB   2 011-­‐0.   Fair  Value   AASB  Australian   13 Fair  VAASB   alue  13  establishes  AASB   a  single   13  seource   stablishes   of  guidance   a  single  for   source   determining   of  guidance   the  fair   or  dvetermining   alue  of  assets   the   and   fair  liabilities.   value  of  aAssets   ASB  1a3   nd   does   liabilit no Accounting   It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party   ono   f  timpact   his  bsut   tandard   nsvo   significant   mpact   o he  ftinancial   results   r  hpow   osition   oetermine   f  hen   the  fAair   ssociation. Measurement required   to  Application   use   fair   vrequired   alue,   use  hfad   air   rovides   alue,   bguidance   ut  riather,   on   pn   rovides   htow   o  dguidance   etermine   on   foair   value   to  dw vfalue   air  value   is  required   when  foair r   Standards  to  Measurement Remove   transactions.    There   was   otf  ro   aather,   dopting   tp his   tandard. Key   AASB  2011-­‐4Individual   Amendments   to   This   deletes   ffrom   ASB   individual   key   management   petermined   ersonnel   disclosure   for  dCisclosing   ent definition   m ay  armendment   esult  definition   in  different   may   air   result   vAalues   in  1b24   deing   ifferent   determined   fair   values   for   being   the  rdelevant   assets.   for  Cthe   onsequential   rrequirements   elevant  assets.   amendments   onsequent w er Management  Personnel   Australian  Accounting   It  also  removes   he  individual   via  AASB  2011-­‐8. via  AtASB   2011-­‐8.KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  a Disclosure   Standards   to  Remove   transactions.    There  was  no  impact  of  adopting  this  standard. Requirements   [AASB   There  was  no  impact  There   of  adopting   was  no  this   impact   standard. of  adopting  this  standard. Individual  Key   124]

2011-­‐4 Employee AASB   Benefits 2011-­‐4 Employee   The   revised   Benefits standard  The   changes   revised   the   standard   definition   changes   of  short-­‐term   the  definition   employee   of  short-­‐term   benefits.  Tehe   mployee   distinction   benefits.   between   The  d short-­‐term   istinction  baetw nd Management   Personnel   Disclosure   benefits  is  now  based   benefits   on  whether   is  now   the   based   benefits   on  wahether   re  expected   the  benefits   to  be  settled   are  expected   wholly  w to  ithin   be  settled   12  months   wholly   after   within   the  1reporting 2  month 50 RUGBYWA 2014 REPORT Requirements   [AASB  ANNUAL amendments   were   aamendments   lso  made  to  other   were  satandards   lso  made   via   to  AoASB   ther  2s011-­‐0.   tandards  via  AASB  2011-­‐0.   124]


WESTERN AUSTRALIAN  RUGBY  UNION  (INC.)

WESTERN AUSTRALIAN  RUGBY  UNION  (INC.) NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR 31  DECEMBER   2014 NOTES  TO  THE  FINANCIAL  SENDED   TATEMENTS   FOR  THE   YEAR WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

ENDED 31  DECEMBER  2014

NOTES TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR ENDED  i3mpact   1  DECEMBER   2014consolidated  financial  report  with  regards  to  the  adoption  of  the  new The  Association  has  considered  that  there  is  no  material   on  the  

ATEMENT OF  SIGNIFICANT  ACCOUNTING  POLICIES and  amended  Australian  Accounting  Standards  and  AASB  Intrepretations.

The Association  has  considered  that  there  is  no  material  impact  on  the  consolidated  financial  report  with  regards  to  the  adoption  of  the  new

Basis f  nd   Preparation and  aoa mended   Australian  a Applicable   ccounting  Standards   and  AASB   Intrepretations. New   amended   Australian   Accounting   Standards  and  Interpretations  that  have  recently  been  issued  or onsolidated   f inancial   report   iot   s  ay  get   eneral   purpose   financial   raeport,   wbhich   has  been  prepared   accordance   with   the  financial  reporting  requirements amended   b ut   a re   n e ffective   h ave   n ot   b een   dopted   y  the   or  itssued   he  ian   reporting   period New  and  amended  applicable  Australian  Accounting  Standards  and  Interpretations   that  ahssociation   ave  recently  bfeen   onnual   r Associations   I ncorporation   A ct   o f   W estern   A ustralia   a nd   A ustralian   A ccounting   S tandards   a nd   o ther   a uthorative   pronouncements  of  the  Australian amended   but   are  not  yet  e2 ffective   ave  a not   adopted   by  tthe   he  atssociation   for  the  annual  reporting  period ended   31   December   014  ahnd   re  boeen   utlined   in   able  below. nting  Standards   other  2014   authorative   pronouncements   ended  3a 1  nd   December   and  are  outlined   in  the  table  below. of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  prepared storical  cThe   ost  bAasis.   The  financial   is  presented   in  Australian   dollars. ssociation   has  not  ryeport   et  completed   its  assessment   of  the   standards  noted  but  for  new  and  amended  Australian  Accounting  Standards  and The  Association  has  not  yet  completed  its  assessment  of  the  standards  noted  but  for  new  and  amended  Australian  Accounting  Standards  and

Interpretations effective   1  January   015  it  is  expected   there   ill  be  no  significant   the   Association. impact  on  the  Association. Interpretations   effective   1  J2anuary   2015  it   is  ewxpected   there  wimpact   ill  be  onn  o   significant   Management sociation  has  a  net  current  liability  position  of  $2,388,253  (2013:  $1,364,598)  and  a  net  liability  position  of  $2,584,289  Application   (2013:  $d1,982,088)   as  date   at for   ate   Application   Reference Titledeficit  for  the  year   of  standard Association ember  2014   and  a  net   of  $602,201  (2013:  $1,160,490) Summary AASB  9 Financial   2014)  is  a  new  Principal  standard  which  replaces  AASB  139.  This  new  Principal  version   1-­‐Jan-­‐18 1-­‐Jan-­‐18 Reference TitleInstruments AASB  9  (December   Summary supersedes  AASB  9  issued  in  December  2009  (as  amended)  and  AASB  9  (issued  in  December  2010)    and   nsolidated   f inancial   r eport   h as   b een   p repared   o n   a   g oing   c oncern   b asis.   I n   a rriving   a t   t his   p osition   t he   d irectors   h ave   h ad   r egard   t o   t he   f act  that AASB  9 Financial  Instruments (December   is  a  new   Principal   standard   which   replaces   AASB  139.  This  new  Principal   version   includes  a    mAASB   odel  for  9c  lassification   and  2 m014)   easurement,   a  single,   forward-­‐looking   ‘expected   loss’   impairment   model   and    supersedes   substantially-­‐reformed   a pproach   t o   h edge   a ccounting. sociation  has,  or  in  the  directors’  opinion   will   haave   access  to,   s ufficient   c ash   t o   f und   a dministrative   a nd   o ther   c ommitted   e xpenditure   f or    period AASB  9  issued  in  December  2009  (as  amended)  and  AASB  9  (issued  in  December  2a010)    and   less  than  12  months  from  the  date  of  this  report.   includes  a    model  for  classification  and  measurement,  a  single,  forward-­‐looking  ‘expected  loss’  impairment   AASB  9  is  effective  for  annual  periods  beginning  on  or  after  1  January  2018.  However,  the  Standard  is   and  a  sTubstantially-­‐reformed   pproach   o  isolation   hedge  waithout   ccounting. available  for  model   early  application.   he  own  credit  changes  can  be  a early   applied  tin   otherwise   ming  this  view  the  directors  have  taken  changing   into  consideration   the   following. the  accounting  for   financial   instruments.

AASB 9  is  9e  ffective   faor   annual  periods   beginning   othat   n  owr  ill  arfter   1  January   2018.  However,  the  Standard  is   The  frinal   version  o of  f  A$ASB   introduces    new  expected-­‐loss   impairment   model   equire  more   imely  outlay.    Excluding  the  unearned uded  within  current  liabilities  is  unearned   evenue   3,191,020   $2,765,922)   wchich   dcoes   not  require   aarly    ctash   or  elosses.   arly  (aS2013:   pplication.   he  So wn   redit   hanges   be  feor   applied  in  isolation  without  otherwise   recognition  oavailable   f  expected  cfredit   pecifically,  the  nTew   tandard   requires   entities  to  caan   ccount   expected   nue  in  a  liquidity  analysis  as  at  31  December   2014,   has  aafre    nfet   crecognised   urrent   aasset   osition   olf  ifetime   $802,767; credit  losses   from  twhe   hen  Afinancial   instruments   irst   nd  to  rp ecognise   full   expected   changing   tssociation   he  accounting   or   financial   instruments. losses  on  a  more  timely  basis.

oing discussions  have  been  held  with  the  WA  government  with  a  view  to  renegotiating  the  terms  of  the  loan  for  the  original  stadium  development Amendments   to    AfASB   9  v (December   &  2010   ditions  )(AASB  a2  n 013-­‐9)   in  December   2013    included  model  that  will  require  more  timely   The   inal   ersion  o2f  009   AASB   9  ientroduces   ew  e  issued   xpected-­‐loss   impairment   rying  value  of  $1,126,327  as  at  31  December   014);   the  new  h2edge   accounting  requirements,  including  changes  to  hedge  effectiveness  testing,  treatment  of   recognition   o f   e xpected   c redit   l osses.   S pecifically,   t he   n ew   S tandard   requires  entities  to  account  for  expected hedging  costs,  risk  components  that  can  be  hedged  and  disclosures. credit  losses  from  when  financial  instruments  are  first  recognised  and  to  recognise  full  lifetime  expected   eement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow; losses   on  a  more   imely  approach   basis. for  classification  and  measurement  of  financial  assets   AASB  9  includes   requirements   for  a  stimpler   compared  with  the  requirements  of  AASB  139.

ificant uplift  in  the  boardcast  revenues  The   in  m 2016;   andare  described  below. ain  changes   Amendments   o    A ASB  9  (December   2009   &o  2n  010   editions   2013-­‐9)    issued  in  December  2013    include a.                Financial   assets  that  are  dtebt   instruments   will  be  classified   based   (1)  the   objective  )o(AASB   f  the  entity's   business  model   for   managing   the  a financial   assets;  r(equirements,   2)  the  characteristics   of  the  contractual   cash   flows. the   n ew   h edge   ccounting   i ncluding   c hanges   t o   h edge   effectiveness  testing,  treatment  of   mprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015. hedging  costs,  risk  components  that  can  be  hedged  and  disclosures. b.                Allows  an  irrevocable  election  on  initial  recognition  to  present  gains  and  losses  on  investments  in  

sociations ability  to  continue  as  a  going   concern   and  that   meet   ts  hdeld   ebts   and  fiuture   ommitments   as  Daividends   nd  when   they  of  fall  due  is  dependant  on  a  number equity   instruments   are  niot   for  trading   n  other  ccomprehensive   income.   in  respect   AASB  that   9  includes   requirements    simpler   pproach   or  tchere   lassification   and  measurement  of  financial  assets   these  investments   are  a  return   on  investment  can  for   be  ra ecognised   in  a profit   or  loss  afnd   is  no   ors,  including; impairment  ocompared   r  recycling  on  w disposal   of  trhe   instrument. ith  the   equirements   of  AASB  139. tinued  support  of  the  Australian  Rugby  Union,  mThe   embers,   ponsors   and   financiers. main  cshanges   are   described   below. c.                Financial  assets  can  be  designated  and  measured  at  fair  value  through  profit  or  loss  at  initial              s  Fo  inancial   ssets   that  raeduces   re  debt   instruments   will  be  cinconsistency   lassified  btased   recognition  ia.   f  doing   eliminates  a or   significantly   a  measurement   or  recognition   hat   on  (1)  the  objective  of  the  entity's   would   arise   fbusiness   rom   measuring   assets   osr  ignificant   liabilities,   or  ruecognising   the  gw ains   and  losses   on   them,   on  different   d  the  Association  not  achieve  the  matters   set   out   above   tm here   is  for   ncertainty   hether   he   ssociation   will  continue   as  a  going  ccash   oncern odel   managing   the  financial   assets;   (t2)   tA he   characteristics   of  the  contractual   flows. bases. erefore  whether  it  will  realise  its  assets   and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financial d.                Where  the  fair  value  option  is  used  for  financial  liabilities  the  change  in  fair  value  is  to  be  accounted  for   .  The  consolidated  financial  report  does   not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  to as  follows: b.            Allows  sahould   n  irrevocable   election  noot   n  initial   recognition   to  paresent   gains   and  losses  on  investments  in   mounts  or  classification  of  liabilities  that   e  n    ecessary   the   Association   e  oather   ble   to  continue   s  a(  OCI) going   concern. ►  m      ight      The  cb hange   attributable  to  changes   in  credit   presented  bin   comprehensive   income   equity   instruments  that   are  rnisk   ot  are   held   for  trading   in  other  comprehensive   income.  Dividends  in  respect  of   these  icnvestments   that   re  aor    rloss eturn  on  investment  can  be  recognised  in  profit  or  loss  and  there  is  no   ►            The  remaining   hange  is  presented   in  parofit   Statement  of  Compliance or  recycling   n  dthat   isposal   of  the   nstrument. AASB  9  also  rimpairment   emoves  the  volatility   in  profit  or  o loss   caused   by  cihanges   in  the  credit  risk  of  liabilities   nancial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  wAas   ustralian   Accounting   Standards  Board. elected  to  be  measured  at  fair  value.  This  change  in  accounting  means  that  gains  caused  by  the  deterioration   of  an  entity’s  own  credit  risk  on  such  liabilities  are  no  longer  recognised  in  profit  or  loss

nges in  accounting  policy  and  disclosures

c.              Financial  assets  can  be  designated  and  measured  at  fair  value  through  profit  or  loss  at  initial  

Consequential amendments  iwf  ere   also  m to  other  standards   as  a  result  of  ArASB   9,  introduced   by  AASB   recognition   doing   sade   o  eliminates   or  significantly   educes   a  measurement   or  recognition  inconsistency  that   2009-­‐11  and  superseded  by  AASB  2010-­‐7,  AASB  2010-­‐10  and  AASB  2014-­‐1  –  Part  E.

would from   measuring   assets   liabilities,   or  recognising  the  gains  and  losses  on  them,  on  different   counting  policies  adopted  are  consistent  with  those   of  arise   the  p revious   financial   year  oer  xcept   as  follows:   AASB  2014-­‐7  bases. incorporates  the  consequential  amendments  arising  from  the  issuance  of  AASB  9  in  Dec  2014. ation  of  AASB  10  Consolidated  Financial  Statements. d.                Where  the  fair  value  option  is  used  for  financial  liabilities  the  change  in  fair  value  is  to  be  accounted  fo

AASB 2014-­‐8  limits  the  application  of  the  existing  versions  of  AASB  9  (AASB  9  (December  2009)  and  AASB  9   follows: (December  2as   010))   from  1  February  2015  and  applies  to  annual  reporting  periods  beginning  on  after  1  January   tion  the  Association  has  adopted  all  the   new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,   2015.

ng

nce 13

►          The  change  attributable  to  changes  in  credit  risk  are  presented  in  other  comprehensive  income  (OCI)

AASB 2014-­‐1   Amendments  to   AASB  2014-­‐1  Part  A:  This  standard  sets  out  amendments  to  Australian  Accounting  Standards  arising  from  the   1-­‐Jul-­‐14 1-­‐Jan-­‐15 Part  A-­‐ Australian  Accounting   issuance  by  the  International  Accounting  Standards  Board  (IASB)  of  International  Financial  Reporting   ►      A    nnual    The  Improvements   remaining  cto  hange   is  presented   in  Apnnual   rofit  Improvements   or  loss to  IFRSs   Annual   Standards    -­‐  Part  A   Standards  (IFRSs)   IFRSs  2010–2012   Cycle  and   Title Summary Improvemen Annual  Improvements   2011–2013  Cycle. AASB   9   a lso   r emoves   t he   v olatility   i n   p rofit   o r   l oss   that   hanges   in  ltiabilities.   he  credit  Arisk   of  1l3   iabilities   ts  2V010-­‐2012   Fair   alue   to  IFRSs  2010-­‐2012   AASB  13  establishes  a  single  source  of  guidance  for  determining   the  wfas   air  cvaused   alue  obf  y  acssets   and   ASB   does  no WESTERN   USTRALIAN   UNION   (INC.) Cycle Cycle elected   to  be  Am easured  RaUGBY   t  fair   value.   This  change  in  accounting  means  that  gains  caused  by  the  deterioration

Measurement

2011-­‐4 Employee Benefits

required to  use  fair  value,  but  rather,  provides  guidance  on  how  to  determine  fair  value  when  fair  value  is  required  or  p of  an  entity’s   o2010–2012   wn  credit   risk   on  FsOR   uch   liabilities   are  no  longer  recognised  in  profit  or  loss Annual  Improvements   o  TIFRSs   Cycle    addresses   tThe   O   FINANCIAL   STATEMENTS   HE   YEAR items: for  the  relevant  assets.  Consequential  amendments  wer definition   may  rNOTES   esult  Titn   dHE   ifferent   fair   values   being   dfollowing   etermined   ►        AASB  2  -­‐  Clarifies  the  definition   vesting   conditions'   ENDED  o 3f   1  'D ECEMBER   2014 and  'market  condition'  and  introduces  the   via  AASB   2011-­‐8. definition   of  'performance  condition'  and  'service  condition'. Consequential   amendments  wfere   also  made   to  other   tandards   as  a  result  of  AASB  9,  introduced  by  AASB    AASB    Clarifies  to he   or  contingent   consideration   in  as  b usiness  combination   There  ►  w    as   no  3  i-­‐mpact   f  calassification   dopting  rtequirements   his  standard. by  removing  2009-­‐11   all  references   to  AsASB   137. and   uperseded   by  AASB  2010-­‐7,  AASB  2010-­‐10  and  AASB  2014-­‐1  –  Part  E. The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and   benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  d 2014 51 AASB   014-­‐7   incorporates   the  consequential   arising  ANNUAL from  the  iREPORT ssuance  of  AASB  9  in   Dec  2014. amendments  w ere  a2lso   made   to  other  standards   via  AASB  aRUGBYWA 2mendments   011-­‐0.  


WESTERN AUSTRALIAN  RUGBY  UNION  (INC.)

WESTERN AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES TO   HE   INANCIAL   STATEMENTS   FOR  THE  YEAR FOR  THE  YEAR NOTES   TTO   TFHE   FINANCIAL   STATEMENTS   ENDED  31  DECEMBER  2014 ENDED  31  DECEMBER  2014

Title Summary ATEMENT Reference OF  SIGNIFICANT   ACCOUNTING   POLICIES

Application date   Application  date  for   of  standard Association 1-­‐Jul-­‐14 1-­‐Jan-­‐15

AASB 2014-­‐1   Amendments  to   ►        AASB  8  -­‐  Requires  entities  to  disclose  factors  used  to  identify  the  entity's  reportable  segments  when   Part  A-­‐ Australian  Accounting   operating  segments  have  been  aggregated.    An  entity  is  also  required  to  provide  a  reconciliation  of  total   Annual   Standards    -­‐  Part  A   reportable  segments'  asset  to  the  entity's  total  assets.     Basis   of  Preparation Improvemen Annual  Improvements   onsolidated   f inancial   r eport   i s   a   g eneral   purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirements ts  2010-­‐2012   to  IFRSs  2010-­‐2012    Associations   I ncorporation   A ct   o f   W estern   Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  Australian Cycle Cycle

nting Standards  and  other  authorative  ►   pronouncements   o-­‐f    Ctlarifies   he  Australian   Accounting   Standards   Board.  d  oes   The   financial        AASB  116  &  AASB  138   that  the  determination   of  accumulated   depreciation   not   depend   report  has  also  been  prepared selection  of  tihe   valuation   technique   and  that  it  is  calculated  as  the  difference  between  the  gross  and   istorical  cost  basis.  The  financial  report  on  is  the   presented   n  A ustralian   dollars. net  carrying  amounts.

► AASB  124  -­‐  Defines  a  management  entity  providing  KMP  services  as  a  related  party  of  the  reporting  entity.   Management The  amendments  added  an  exemption  from  the  detailed  disclosure  requirements  in  paragraph  17  of  AASB   ssociation  has  a  net  current  liability  position   f  $s2,388,253   (2013:   $1,364,598)   a  net   liability   position  eontity   f  $2,584,289   (2013:  $1,982,088)  as  at 124  for  KoMP   ervices  provided   by  a  management   entity.  aPnd   ayments   made   to  a  management   in  respect   KMP   should  (b2013:   e  separately   disclosed.   cember  2014  and  a  net  deficit  for  the  yof   ear   of  services   $602,201   $1,160,490) AASB  2014-­‐1   Amendments  to  

Annual Improvements  to  IFRSs  2011–2013  Cycle    addresses  the  following  items:                                                                                                        

ts 2010-­‐2012   to  IFRSs  2011-­‐2013   Cycle Cycle

► AASB  140  -­‐  Clarifies  that  judgment  is  needed  to  determine  whether  an  acquisition  of  investment  property  

1-­‐Jul-­‐14

1-­‐Jan-­‐15

onsolidated financial  Australian   report  hAas   been  prepared  on  a  going  concern  basis.  In  arriving  at  this  position  the  directors  have  had  regard  to  the  fact  that Part  A-­‐ ccounting   ►  AASB13  -­‐  Clarifies  that  the  portfolio  exception  in  paragraph  52  of  AASB  13  applies  to  all  contracts  within   ssociation  hAnnual   as,  or  in  the   d irectors’   ill  ohf  ave   to,  9s,  ufficient   to  tfhey   und   administrative   nd  other   committed   expenditure  for  a  period Standards    -­‐  Part  Ao   pinion   the  sw cope   AASB  a1ccess   39  or  AASB   regardless  ocf  ash   whether   meet   the  definitions  of  a financial   assets   or   liabilities  as  defined  in  AASB  132.  less  than  1Improvemen 2  months  Annual   from  Improvements   the  date  of  tfinancial   his  report.  

ming this  view  the  directors  have  taken  is  into   the   following. solely  ctonsideration   he  acquisition  of  an   investment   property  or  whether  it  is  the  acquisition  of  a  group  of  assets  or  a  

business combination  in  the  scope  of  AASB  3  that  includes  an  investment  property.  That  judgment  is  based   on  guidance  in  AASB  3.

uded within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearned AASB  2014-­‐4 Clarification   AASB  116  2 and   AASB   138  Abssociation   oth  establish  the   principle   the  basis  a of   depreciation   and  o amortisation   as  being   1-­‐Jan-­‐16 1-­‐Jan-­‐16 enue  in  a  liquidity   analysis   as  aot  f   31  December   014,   the   has   a  net  for   current   sset   position   f  $802,767;

Acceptable Methods  of   the  expected  pattern  of  consumption  of  the  future  economic  benefits  of  an  asset.   Depreciation  and   Amortisation   going  discussions  have   been  held  with  tThe   he  IASB   WA   government   wuith   view  to  renegotiating   the  tthe   erms   of  the  olf  oan   for  is  tnhe   has   clarified  that  the   se  of  ar  evenue-­‐based   methods  to  calculate   depreciation   an  asset   ot   original  stadium  development (Amendments   AASB   appropriate   because  revenue  generated  by  an  activity  that  includes  the  use  of  an  asset  generally  reflects   rying  value  of  $1,126,327   as  at  t3o  1   December   2014);   116  and  AASB  138) factors  other  than  the  consumption  of  the  economic  benefits  embodied  in  the  asset.

eement has  been  made  for  an  interest  The   free   short  term   oan  tto   underpin   he  2015   cashflow; amendment   also  cllarified   hat   revenue  is  gtenerally   presumed   to  be  an  inappropriate  basis  for  measuring   the  consumption  of  the  economic  benefits  embodied  in  an  intangible  asset.  This  presumption,  however,  can  

rebutted in  certain  limited  circumstances.   nificant  uplift  in  the  boardcast  revenues  be  in   2016;  and AASB  2014-­‐1   Amendments  to  

AASB 2014-­‐Part  B  makes  amendments  in  relation  to  the  requirements  for  contributions  from  employees  or  

omprehensive review  Australian   of  expenditure   been   carried   ut   win  ith   efficiency   made   or  2015. Accounting   has   third   parties   that  are  soet   out   the  improvements   formal  terms  of  the  bin   enefit   plan  and  linked   to  sfervice.

1-­‐Jul-­‐14

1-­‐Jan-­‐15

Standards  -­‐  Part  B

B Benefit   The   amendments   clarify   that  iits   f  the   amount   of  the   contributions   is  independent   he  nw umber   years  foall   f   due  is  dependant  on  a  number ssociations  Part   ability   to  Defined   continue   as  Palans:    going   concern   and   meet   debts   and   future   commitments   as  of  atnd   hen  otf  hey   Amendments   Employee  Contributions   service,  an  entity  is  permitted  to  recognise  such  contributions  as  a  reduction  in  the  service  cost  in  the  period   tors,  including; to  AASB  119 (Amendments  to  AASB   in  which  the  related  service  is  rendered,  instead  of  attributing  the  contributions  to  the  periods  of  service 119)

tinued support   Australian   Rugby  In  UMnion,   mtembers,   sponsors   and  ffinanciers. AASB  15of  the   Revenue   from  Contracts   ay  2014,   he  IASB  issued   IFRS  15  Revenue   rom  Contracts  with  Customers,  which  replaces  IAS  11   with  Customers

Construction Contracts,  IAS  18  Revenue  and  related  Interpretations  (IFRIC  13  Customer  Loyalty  

1-­‐Jan-­‐17

1-­‐Jan-­‐17

d the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concern Programmes,  IFRIC  15  Agreements  for  the  Construction  of  Real  Estate,  IFRIC  18  Transfers  of  Assets  from   herefore  whether  it  will  realise  its  assets   and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financial Customers  and    SIC-­‐31  Revenue—Barter  Transactions  Involving  Advertising  Services).   t.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  to The   ore  principle   of  IFRS  15  is  sthould   hat  an  entity   revenue   to  dbepict   the  ttransfer   of  promised   or   concern. mounts  or  classification  of  liabilities  that   mcight   be  necessary   the  rAecognises   ssociation   not   e  able   o  continue   as  agoods    going   services  to  customers  in  an  amount  that  reflects  the  consideration  to  which  the  entity  expects  to  be  entitled   in  exchange  for  those  goods  or  services.  An  entity  recognises  revenue  in  accordance  with  that  core  principle   by  applying  the  following  steps:

Statement of  Compliance nancial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board. (a)  Step  1:  Identify  the  contract(s)  with  a  customer (b)  Step  2:  Identify  the  performance  obligations  in  the  contract

anges in  accounting  policy  and  disclosures

(c) Step  3:  Determine  the  transaction  price (d)  Step  4:  Allocate  the  transaction  price  to  the  performance  obligations  in  the  contract

ccounting policies  adopted  are  consistent   ith   hose  orf  evenue   the  pwrevious   financial   ear  eaxcept   as  follows:   (e)  Sw tep   5:  Rtecognise   hen  (or  as)   the  entity  sy atisfies    performance   obligation Early  application  of  this  standard  is  permitted.

2014-­‐5 incorporates  the  consequential  amendments  to  a  number  Australian  Accounting  Standards   ation  of  AASB  10  Consolidated   Financial   Statements. Amendments  to   AASB   AASB  

1053 -­‐  Transition  to  and   (including  Interpretations)  arising  from  the  issuance  of  AASB  15. WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.) between  Tiers,   and   to   AASB   The  Standard  makes  amendments  to  AASB  1053  Application  of  Tiers  of  Australian  Accounting  Standards  to: AASB  2014-­‐2   Amendments   1-­‐Jul-­‐14 1-­‐Jan-­‐15 dition  the  Association  1053   has  -­‐  aTTransition   dopted   a ll   t he   n ew   a nd   a mended   Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,   related   ier  2  Disclosure   to  and   NOTES   TO  THE  FAINANCIAL   STATEMENTS   FOR  (INC.) THE  YEAR WESTERN   USTRALIAN   R UGBY   U NION   Requirements   ing between   Tiers,  [aAASB   nd   •      clarify  that  AASB  1053  relates   only   to  DgECEMBER   eneral  purpose   ENDED   31   2014 financial  statements; 1053] Tier  2  Disclosure   •      make  AASB  1053  consistent  with  the  availability  of  the  AASB  108  Accounting  Policies,  Changes  in   related   NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR Requirements  [AASB   Accounting   Estimates   and  Errors   option   AeASB   1  Fairst-­‐time   doption   of  Australian   Accounting   Standards; •      clarify  certain   circumstances   in   which   aECEMBER   n   ntity   ier   2  reporting   requirements   can  apply   the  AASB   ENDED   31  Din   2pplying   014 TA ence Title Summary 1053] 108  option  in  AASB  1;  permit  an  entity  applying  Tier  2  reporting  requirements  for  the  first  time  to  do  so  

13

Fair Value   Measurement

AASB •  directly   1    c3  larify   establishes   a  single  in  source   guidance   or  2  drAeporting   etermining   the   fair   alue   oAf  ASB   assets  and  liabilities.  AASB  13  does  no using   the  crircumstances   equirements   AASB   rather   that  applying   ASB  1)  wrhen,   and   only   hen,   the  the   entity   certain   w hich  1a08   n  oe(f   ntity   applying   Tfier   equirements   cw an   avpply   had  onption   ot   or  o1v nly   selectively   pplied,   applicable   ecognition   and  moeasurement   equirements   in  so   ifts   108   in  AfASB   ;  p ermit   abn  ut   entity   applying   Tier  2  rreporting   requirements   for  the   time  to  do   required   to  applied,   use   air   alue,   raather,   provides   guidance   n  how   to  frirst   determine   air  value  when  fair  value  is  required  or   most  recent   annual  special   purpose   financial   statements;   nd 1)  when,  and  only  when,  the  entity   directly   using  ptrevious   he  requirements   in  AASB   108  (rather   that   applying  AaASB   definition   ay  result   in   different   fair  avpplicable   alues  brecognition   eing  determined   for  trhe   relevant   had  not  m applied,   or  only   selectively   applied,   and  measurement   equirements   in  ia ts  ssets.  Consequential  amendments  wer most  r2 ecent   previous  annual  special  purpose  financial  statements;  and via  AASB   011-­‐8.

•    specify  certain  disclosure  requirements  when  an  entity  resumes  the  application  of  Tier  2  reporting   There   was  no  impact  of  adopting  this  standard. requirements. 2011-­‐4 Employee  Benefits The  r•  evised   changes   the  definition   of  rsesumes   hort-­‐term   employee      specify  sctandard   ertain  disclosure   requirements   when  an  entity   the  application   of  Tier  b2enefits.    reporting   The  distinction  between  short-­‐term  and requirements. benefits   is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting 52 RUGBYWA amendments   2014 ANNUAL REPORT were   also  made  to  other  standards  via  AASB  2011-­‐0.  


WESTERN USTRALIAN   RUGBY  UNION   NOTES   TO  THE  FAINANCIAL   STATEMENTS   FOR  (INC.) THE  YEAR ENDED  31  DECEMBER  2014 NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR WESTERN  AUSTRALIAN   RUGBY  U2014 NION  (INC.) ENDED   31  DUECEMBER   WESTERN  AUSTRALIAN   RUGBY   NION  (INC.)

Application date   A of  standard Reference Title Summary Application   INANCIAL   TATEMENTS   FOR  THE   YEAR NOTES   TTO   O  THE   THE   FINANCIAL   STATEMENTS   FOR   THE  AYmendments   EAR Disclosure   Amendments  to  IAS  1 As  part   oNOTES   f  the  IASB’s   DFisclosure   ISnitiative   projects,   the   IASB   issued   to  IAS  1  in  December  2014.   1-­‐Jan-­‐16date   A ENDED  31  DECEMBER  2014 of  standard Reference Title Summary Initiative   The   amendments  are  dENDED   esigned  t3 o  1   further   encourage   companies  to  apply  professional  judgment  in   DECEMBER   2014 Disclosure   Amendments  to  IAS  1 As   part  of  the   ASB’s   Disclosure  tIo   nitiative   the  IASB   issued  Amendments   to  IAS   1  ain   December   2014.   1-­‐Jan-­‐16 ***** determining   wIhat   information   disclose  pirojects,   n  the  financial   statements.    For  example,   the   mendments   m Application   dake   ate   Application  date  for   Initiative   The   a mendments   a re   d esigned   t o   f urther   e ncourage   c ompanies   t o   a pply   p rofessional   j udgment   i n   clear   t hat   m ateriality   a pplies   t o   t he   w hole   o f   f inancial   s tatements   a nd   t hat   t he   i nclusion   o f   i mmaterial   Reference Title of   s tandard Association Summary ATEMENT  ***** OF  SIGNIFICANT  ACCOUNTING   Pdetermining   OLICIES what  information  to  disclose  in  the  financial  statements.    For  example,  the  amendments  make   information   can   inhibit  Itnitiative   he  usefulness   financial   disclosures.    The   mendments   also   clarify  that  1-­‐Jan-­‐16 companies   Disclosure   Amendments  to  IAS  1 As  part   of  the  IASB’s   Disclosure   projects,  otf  he   IASB  issued   Amendments   to  aIAS   1  in  December   2014.   1-­‐Jan-­‐16 clear   that   applies   to  tehe   f  financial   tatements   and   hat  tinformation   he  iinclusion   immaterial   Initiative   The  ashould   mendments   re  designed   to   further   ncourage   co ompanies   to  aspply   professional   jtudgment   n   use  mpaateriality   rofessional   judgment   in  wdhole   etermining   where   and   in  what   order   is  opf  resented   in  the   Basis   of  Preparation information   can  inhibit  to   the   usefulness   of  financial   disclosures.    The  amendments   also   larify  that  companies   ***** determining   what   information   disclose   in  the  financial   statements.    For  example,   the  amendments   mcake   financial   disclosures. that  materiality   applies   to  tjhe   whole   of  ih financial   statements   and  athat   he   of  iimmaterial   should   se  professional   udgment   n   determining   where   nd   winclusion   hat  order   nformation   is  presented   in  the   requirements onsolidated  financial  report  is  a  general  clear   purpose   fuinancial   report,   w hich   as   been   prepared   in  atin   ccordance   w ith  the  financial   reporting   information   can   nhibit  the  usefulness  of  financial  disclosures.    The  amendments  also  clarify  that  companies   financial   diisclosures. Associations   I ncorporation   A ct   o f   W estern   A ustralia   a nd   A ustralian   A ccounting   S tandards   a nd   o ther   a uthorative   p ronouncements   of  the  Australian use   professional  jaudgment   in  tdhe   etermining   where   and   in  what   order   is  o presented   in  tthe   Investment   Amendments  to  IFRS  should   The   amendment   ddresses   key  issues   that   have   arisen   in  itnformation   he  context   f  applying   he  consolidation   1-­‐Jan-­‐16 financial   d isclosures. nting  Standards   a nd   o ther   a uthorative   p ronouncements   o f   t he   A ustralian   A ccounting   S tandards   B oard.     T he   f inancial   r eport   h as   a lso   been  prepared Entities   10,  IFRS  12  and  IAS  28 exception  for  investment  entities Investment   Amendments   to  IFRS  is  presented   The  amendment   addresses  dthe   key  issues  that  have  arisen  in  the  context  of  applying  the  consolidation   1-­‐Jan-­‐16 storical  cost   basis.   The   financial  report   in  Australian   ollars. Applying   the   Entities   10,  IFRS  12  ato  nd   IAS  28The  aexception   investment   Investment   Amendments   IFRS   mendment  faor   ddresses   the  key  eintities ssues  that  have  arisen  in  the  context  of  applying  the  consolidation   1-­‐Jan-­‐16 1-­‐Jan-­‐16 Conslidation   Entities   the   10,  IFRS  12  and  IAS  28 exception  for  investment  entities Applying   Exception   Management Applying  the   Conslidation   ***** Conslidation   sociation  hException   as  a  net  current  liability  position  of  $2,388,253  (2013:  $1,364,598)  and  a  net  liability  position  of  $2,584,289  (2013:  $1,982,088)  as  at Exception   ember  2014   and  a  net  Consolidation   deficit  for  tphe   year  of  $602,201  (2013:  $1,160,490) ***** (c) olicy *****

(c) Consolidation policy The   consolidated   financial   tatements   comprise   financial   statements   of  Itn   he   Association   nd  ipts  osition   subsidiary   as  dairectors   t  31  December   ontrol  tis   (c) Consolidation   olicy nsolidated   financial   report   has  bpseen   prepared   on  athe    going   concern   basis.   arriving   at  tahis   the   have  2h014.   ad  r  Cegard   o  atchieved he  fact  that tr  he   Atssociation   is  exposed,   or  has   rights,   to  avccess   ariable  tro,   eturns   from  its  ciash   nvolvement   waith   the  investee  and   has   the  ability   to  affect  tehose   returns  through sociation  hwhen   as,   o i n   he   d irectors’   o pinion   w ill   h ave   s ufficient   t o   f und   dministrative   a nd   o ther   c ommitted   xpenditure   for  a  period The   onsolidated   financial   statements   comprise   the   financial   statements   oaf  n   the   Association   association   nd  oits   subsidiary   s  ast  ubsidiary   31  December    Cecember   ontrol  is  achieved The   cconsolidated   financial   statements   comprise   the  financial   statements   of  the   and   iats   31  D 2014.    Control  is  achieved its   power   over  the   investee.   Specifically,   the   Association   controls   investee   if  aAnd   nly   if  the   Assoication   has:as  a2t  014.   less  than  1when   2   m onths   f rom   t he   d ate   o f   t his   r eport.   he  A es  xposed,   or  ho rhights,   to  variable   returns  rfrom   ifnvolvement   with  the  investee   nd  hinvestee   as  the  ability   affect   returns   through he   Association   ssociation   exposed,   as  rights,   to  tvhat   ariable   eturns   rom  its   involvement   ith  ratelevant he   and  to   has   the  those   ability   to  affect   those  returns  through ·∙    when                Pttower   over  the  is  iinvestee   (i.e.  as   er  xisting   rights   give  it   the  its   current   ability   to  direct  w the   its  power  over  the  investee.  Specifically,  the  Association  controls  an  investee  if  and  only  if  the  Assoication  has: its   over  tohe   investee.   Specifically,  the  Association  controls  an  investee  if  and  only  if  the  Assoication  has: ·∙    ·∙            p        ower   f  the   the   investee)          a  Pctivities   ower  over   investee   (i.e.  existing  rights  that  give  it  the  current  ability  to  direct  the  relevant

·∙  ·∙                        t      P ower   over   the   (i.e.  iento   xisting   rights   give  the   it  the   current   ability   to  direct   E  he   rights,   to  tvaken   ariable   returns   from  tihat   ts  involvement   with  the   investee,   andthe  relevant ming  this  view   directors   hinvestee   ave   consideration   following. axposure,   ctivities   of  otr   he   investee)

·∙  ·∙                              aT  Ectivities   oor  f  to   he   investee) he   ability   use   itts   ower  roeturns   ver  the   investee   to  affect   its  trhe   eturns xposure,   rtights,   o  vpariable   from   its  involvement   with   investee,  and ·∙    ·∙                              E  Txposure,   ights,   to  variable   its  iinvolvement   with  the  investee,  and he  ability  too  r  urse   its  power   over  the  returns   investee  from   to  affect   ts  returns uded  within   current   liabilities   its   s  upnearned   rthe   evenue   of  t$o  3,191,020   (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearned ·∙  When                  Tthe   to  use  hias   ower   over   investee   ffect  oits   eturnsrights  of  an  investee,  the  Association  considers  all  relevant  facts  and  circumstances  in   he  aAbility   ssociation   less   than   a  m ajority   of  the   vaoting   r  srimilar   nue  in  a  liquidity   awnalysis   at  less   1  than   December   he  or  Asssociation   as   a  net  tche   urrent   asset   position   of  $802,767; When  the   Ahether   ssociation   hhas    majority   o2f  014,   the  voting   imilar  rights  of  h an   investee,   Association   considers   all  relevant   facts  and  circumstances  in   assessing   iat  s   as   p3ower   oaver   an  investee,   itncluding: assessing  wAhether   it  has  hpas   ower   over   an  ianvestee,   including: When   ssociation   less   than    m ajority   of  the   voting   or  similar   riights   of  an  investee,  the  Association  considers  all  relevant  facts  and  circumstances  in   ·∙    ·∙                                  T  tThe   c ontractual   a rrangement   w ith   t he   o ther   v ote   h olders   o f   t he   nvestee he  contractual  arrangement  with  the  other  vote  holders  of  the  investee assessing   hether   it  from   hhas   poower   ver   an   investee,   including:with  a  view  to  renegotiating  the  terms  of  the  loan  for  the  original  stadium  development ·∙    ·∙                                  R rising   ther   coontractual   oing  discussions   hw ave   been   eld   wcontractual   ith   the   W A  agrrangements overnment    Rights   ights   aarising   from   other   arrangements ·∙                     T he   c ontractual   a rrangement   w ith   t he   o ther   ote  holders   A ssociation’s   v oting   r ights   a nd   p otential   oting   rights of  the  investee ·∙                     T he   A ssociation’s   v oting   r ights   a nd   p otential   v oting   rying  value  of  $1,126,327  as  at  31  December  2014);   vrights ·∙                    Rights  arising  from  other  contractual  arrangements re-­‐assesses   whether   or  not   an  v investee   if  facts  and   ircumstances   indicate  that  itndicate   here  are  tchat   hanges   to  oane   more  of  tto   he  otne   hree ·∙  The    The            A  A    ssociation   Tssociation   he  Association’s   voting   rights   aond   pontrols   otential   oting   ights re-­‐assesses   whether   r  it  ncot   it  controls   an  irnvestee   if  fcacts   and  circumstances   there   re  ocr  hanges   or  more  of  the  three eement  has   been  moof  ade   for  Caonsolidation   interest   hort   term   loan   tAo   utnderpin   the   2o015   cashflow; elements   of  af  ree   begins   hen   the   ssociation   obtains   control   over   he  subsidiary   nd  scubsidiary   eases  when  atnd   he  cAeases   ssociation   loses   elements   f  ccontrol.   ontrol.   Cn   onsolidation   osubsidiary   f  a  ssubsidiary   bwegins   when   he  Association   btains   ctontrol   over  tahe   when   the  Association  loses   control   of  the  subsidiary.   Assets,   liabilities,   income   expenses   f  a  subsidiary   acquired   r  disposed  of  during   the  year  atre   included   in   the  statement   The   Association   re-­‐assesses   whether   or   not  income   it  acnd   ontrols   ionvestee   if  af  acts   and  coircumstances   here   re  ycear   hanges   to  one  oofr   ore  sotatement   f  the  three control   of  the  subsidiary.   Assets,   liabilities,   and  aen  xpenses   of   subsidiary   acquired  or  dindicate   isposed  tohat   f  during   tahe   are  included   in  mthe   of comprehensive  income  from  the  date  the  Association  gains  control  until  the  date  the  Association  ceases  to  control  the  subsidiary. elements   control.   Consolidation   o f  a2 s016;   ubsidiary   when   the  Aussociation   obtains   control  over   the  stubsidiary   when  the  Association  loses   comprehensive   income   rom  the  date   t  he   Association   gains   control   ntil  the  date   the  Association   ceases   o  control  atnd   he  cseases   ubsidiary. ificant  uplift   in  the  obf  oardcast   rfevenues   in   andbegins   control   of  the  saubsidiary.   Assets,  elquity,   iabilities,   income   and  aend   xpenses   of  arelating    subsidiary   acquired  boetween   r  disposed   of  douring   year  are   in  in  the  statement  of All  intra-­‐group   ssets  and  liabilities,   income,   expenses   cash  flows   to  transactions   members   f  the  Athe   ssociation   are  included   eliminated   comprehensive   ncome   from   the  date   the  Aissociation   gains  control   until   the  drate   the  tAo  ssociation   ceases   to  control   the  subsidiary. All   intra-­‐group   aissets   and   liabilities,   equity,   ncome,  expenses   and  cash   flows   elating   transactions   between   members   of  the  Association  are  eliminated  in   full   on  consolidation. mprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015. full  on  consolidation. The   Association  acssets   omprises   the   Western  Aeustralian   Rugby  Uenion   (Inc.)  aand   wholly   owned   controlled   entities  Future   Force  Foundation   Ltd   and   WAestern   Force  Latd. All   intra-­‐group   and   liabilities,   quity,  income,   xpenses   nd  its   cash   flows   relating   to  transactions   between   members   of   the   ssociation   re  eliminated  in   oAn  ssociation   consolidation. sociations  full   ability   to  continue   as  athe    going   concern   and  Rm eet  Uinion   ts  debts   nd  its   future   as   and  wFhen   due  is  dLependant   on  aF  orce   number The   comprises   Western   Australian   ugby   (Inc.)  aand   wholly  coommitments   wned  controlled   entities   uture  they   Force  fall   Foundation   td  and  Western   Ltd.

ors, including;

The Association   comprises  the  Western  Australian  Rugby  Union  (Inc.)  and  its  wholly  owned  controlled  entities  Future  Force  Foundation  Ltd  and  Western  Force  Ltd. (d) Significant  accounting  judgments,  estimates  and  assumptions

In the  process  of  applying  the  Associaitons  accounting  policies,  management  has  made  the  following  judgements,    except  for  those  involving  estimates,  which tinued  support   of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers. have  the  most  significant  effect  on  the  amounts  recognised  in  the  financial  statements.

(d) Significant accounting  judgments,  estimates  and  assumptions In  the  process  of  applying  the  Associaitons  accounting  policies,  management  has  made  the  following  judgements,    except  for  those  involving  estimates,  which Going   concern (d) aeccounting   jsudgments,   estimates   ain   nd   asssumptions d  the  Association   nmot   aSignificant   chieve   the   matters   et   out  above   there   its   ignificant   uncertainty  whether  the  Association  will  continue  as  a  going  concern have   the   ost   significant   ffect   on  the   amounts   recognised   he   financial  statements. Use   of  ptrocess   he  going  concern   assumption   has  required   significant  jpudgement,   efer  to  note  1h  (as   a)  Cm ash   Management In   t he   applying   the   Associaitons   accounting   olicies,   mranagement   ade   the  following   judgements,   those  involving   stimates,   which erefore  whether  it  will  orf  ealise   its   assets   and  extinguish   its   liabilities   in  the  normal   course   of  business   and    aet  xcept   the  faor   mounts   stated  ein   the  financial have   the   most  significant  effect  on  the  amounts  recognised  in  the  financial  statements. Going   c oncern Significant  fainancial   ccounting  erstimates   assumptions .  The  consolidated   eport  adnd   oes   not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  to Use   the  going   concern   assumption   as  required   significant   judgement,   to  naote    (a)  Cash  M The  ocf  arrying   amount   of  certain   assets  and  hliabilities   re  often   determined   based  on  erefer   nd  a1ssumptions   of  anagement future  events.  The  key  estimates  and   mounts  or  cGoing   lassification   o f   l iabilities   t hat   m ight  be  an ecessary   should   the  Astimates   ssociation   not  be  able   to  continue  as  a  going  concern. concern assumptions   that  have  a  significant  risk  of  causing  a  material  adjustment  to  the  carrying  amounts  of  certain  assets  and  liabilities  within  the  next  annual Use   o f   t he   g oing   c oncern   a ssumption   h as   r equired   s ignificant   j udgement,   r efer   t o   n ote   1   ( a)   C ash   M anagement reporting   p eriod   a re; Significant  accounting  estimates  and  assumptions Statement   of  amount   Compliance The  carrying   of  certain  assets  and  liabilities  are  often  determined  based  on  estimates  and  assumptions  of  future  events.  The  key  estimates  and   Impairment  aoccounting   f  property,  p lant   and  equipment Significant   stimates   and   assumptions assumptions   that   hith   ave  Aeaustralian    significant   of  causing    material  aadjustment   carrying   amounts   of  certain  assets  and  liabilities   within  the  next  annual nancial  report   c omplies   w Arisk   ccounting   Satandards   s  impaired   issued  att  bo  least   y  the   the   A  ccounting   The  Association  determines  whether  property,   plant  and   equipment  are   on  A an  ustralian   annual  basis.   This  requires  aSn  tandards   estimation  oB f  toard. he  recoverable   The   carrying   amount   of  certain  assets  and  liabilities  are  often  determined  based  on  estimates  and  assumptions  of  future  events.  The  key  estimates  and   reporting   p eriod   a re; amount  to  which  the  property,  plant  and  equipment  are  allocated. assumptions  that  have  a  significant  risk  of  causing  a  material  adjustment  to  the  carrying  amounts  of  certain  assets  and  liabilities  within  the  next  annual nges  in  accounting   olicy   and  dpisclosures reporting   pp are; Impairment   property,   lant  and  equipment Estimation   oeriod   f  ouf  seful   lives The  Aessociation   stimation  of  dtetermines   he  useful  lives   of  assets   as  been  bpased   historical   experience   as  well  as  a mt  anufacturers   (for  p  lant   equipment),   lease The   whether   phroperty,   lant  oan  nd   equipment   are  impaired   least  on  an  waarranties   nnual  basis.   This  and   requires   an  estimation   of  the  recoverable   terms  (for   leased   etquipment)   and  atp urnover   pith   olicies   (for  mo otor   vehicles).   In  addition,   the  condition   the  assets   ssessed  at  least  once  a  year  and   f  property,   lant   nd   equipment counting  pImpairment   olicies   are   cponsistent   those   f  atre   he   previous   financial   year  oef  xcept   as  is  faollows:   amount   tao  dopted   wohich   he   property,   lant   aw nd   equipment   allocated. considered   against   the  remaining   useful  life.   Adjustments   to  aund   seful   lives  are  ma ade   hen  considered   necessary. The   Association   determines   whether   property,   plant   equipment   re  w impaired   at  least   on  an  annual  basis.    This  requires  an  estimation  of  the  recoverable   amount   to  w hich   the  lives property,  plant  and  equipment  are  allocated. Estimation   o f   u seful   Annual   ation  of  AASB   10  leave Consolidated  Financial  Statements. The   estimation   of  the   useful   lives  to   of   assets   hw as   been   based   on  hoistorical   experience   as  recognised   well  as  mianufacturers   arranties   (for  plant   and  equipment),  lease Liabilities   for  annual   leave   expected   be   settled   ithin   twelve   months   f  the  reporting   date  are   n  provisions  in  rw espect   of  employees'   services Estimation   of  useful   lives terms   for  reporting   leased   edquipment)   and   turnover   olicies   (for   motor  vto   ehicles).   In   addition,   the  caondition   up  to  t(he   ate.    They  are   measured   at  tp he   amounts   expected   be  paid  w hen   the  liabilities   re  settled.of  the  assets  is  assessed  at  least  once  a  year  and   tion  the  AThe   ssociation   has   dopted   alives   ll  the   ew   ahnd   mended   ccounting   tandards   annd   AASB   Interpretations   s  eoquipment),   f  1  January   2013,   estimation   of  athe   ouf  seful   anssets   as   baeen   based  to   oA n   historical   xperience   s  wSell   as  manufacturers   warranties   (for  plant  aa nd   lease considered   against   the  urseful   emaining   life.   Adjustments   uustralian   seful   lives  eaA re   made  wahen   considered   ecessary. Long  s(ervice   leave equipment)  and  turnover  policies  (for  motor  vehicles).  In  addition,  the  condition  of  the  assets  is  assessed  at  least  once  a  year  and   terms   for  leased   ng A  liability   for   ong  service   is  recognised,   nd  iA s  djustments   measured  as  tthe   resent  lives   value   f  em xpected   uture   payments  to   e  made  in  respect  of  services  provided   considered   algainst   the  rleave   emaining   useful  laife.   o  upseful   aore   ade  wfhen   considered   nbecessary. Annual   leave by  employees  up  to  the  reporting  date.    Consideration  is  given  to  expected  future  wages  and  salary  levles,  experience  of  employee  departures  and  periods  of Liabilities   f or   a nnual   l eave   e xpected   t o   b e   s ettled   w ithin   t welve   m onths   o f   t he   r eporting   d ate   a re   r ecognised   in  provisions  in  respect  of  employees'  services nce Title service.    Expected  future  payments   are  discounted  using  market  yields  at  the  reporting  date  on  mational  government  bonds  with  terms  to  maturity  and   Summary Annual   leave up   to  the   reporting   date.    They   measured   at  the  afmounts   expected   currencies   that  match,   as  closely   as  apre   ossible,   the  estimated   uture  cash   outflows.to  be  paid  when  the  liabilities  are  settled. 13 Fair   Value  for  annual  leave  eAASB   13   a  single   source   uidance   for   determining   the  in  fair   value  ion  f  raespect   ssets  oaf  nd   liabilities.   AASB  13  does  no Liabilities   xpected   to  ebstablishes   e  settled  within   twelve   months  oof  f  gthe   reporting   date   are  recognised   provisions   employees'   services up   to  stervice   he  reporting   are  measured   the  vaalue,   mounts   expected   to  pbrovides   e  paid  when   the  liabilities   are  stettled. Long   leave date.    They   Measurement required   to  use  at  fair   but   rather,   guidance   on  how   o  determine  fair  value  when  fair  value  is  required  or  p A  liability  for  long  service  leave   is  recognised,   is  mieasured   as  the   present   value   of  expected   future  pfor   ayments   to  be  made   in  respect   of  services  provided   definition   may  arnd   esult   n  different   fair   values   being   determined   the  relevant   assets.   Consequential   amendments  wer Long   service  leave by  employees   up  to  the  reporting  date.    Consideration  is  given  to  expected  future  wages  and  salary  levles,  experience  of  employee  departures  and  periods  of via   A ASB   2 011-­‐8. A   liability   or  long  sfervice   is  recognised,   and  is  um easured   as  ytields   he  present   alue  of  expected   future   payments   to  be  bm ade  w in  ith   respect   ervices   parovided   service.    Efxpected   uture  pleave   ayments   are  discounted   sing   market   at  the  rveporting   date  on  m ational   government   onds   terms  otf   o  sm aturity   nd   by   employees   p  tatch,   o  the  ars  eporting   to  ecxpected   future  wages  and  salary  levles,  experience  of  employee  departures  and  periods  of There   w as    Cnonsideration   o  itmpact   oif  s  agiven   dopting   this   standard. currencies   that  um closely   ads  ate.   possible,   he  estimated   future   ash   outflows. service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  on  mational  government  bonds  with  terms  to  maturity  and   2011-­‐4 Employee   Benefits The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and   currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

benefits is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  d 2014 ANNUAL REPORT 53 amendments  were  also  made  to  other  standards  via  AASB  RUGBYWA 2011-­‐0.  


WESTERN AUSTRALIAN  RUGBY  UNION  (INC.) WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.) WESTERN   USTRALIAN   RUGBY  UNION   NOTES   TTO   SSTATEMENTS   FFOR   TTHE   NOTES   O  TTHE   HE  FFA INANCIAL   TATEMENTS   OR  ((INC.) HE  Y YEAR EAR WESTERN   AINANCIAL   USTRALIAN   RUGBY  UNION   INC.) WESTERN   USTRALIAN   RUGBY  2U014 NION   ENDED   31   1  D DECEMBER   ECEMBER   NOTES   TO  THE   FAINANCIAL   STATEMENTS   FOR  (INC.) THE  YEAR ENDED   3 2 014 NOTES   TO  THE  FAINANCIAL   STATEMENTS   FOR  (INC.) THE  YEAR WESTERN   USTRALIAN   R UGBY   U NION   NOTES  TO  THE   FINANCIAL   STATEMENTS   FOR  THE  YEAR ENDED   31  DECEMBER   014 NOTES   TO  THE   FAINANCIAL   STATEMENTS   FOR  (INC.) THE  YEAR WESTERN   USTRALIAN   RUGBY  2 NION   ENDED   31  DRECEMBER   2U014 NOTES   TO   HE   FINANCIAL   SUGBY   TATEMENTS   THE  YEAR WESTERN   ATUSTRALIAN   UNION   (INC.) ENDED   31  DECEMBER   2014FOR   (e) Revenue  R Recognition ecognition (e) Revenue   ENDED   3 1   D ECEMBER   2 014 NOTES  TO  THE   F INANCIAL   S TATEMENTS   F OR   THE  YEAR ENDED   31  DECEMBER   2t014 Revenue   i s   r ecognised   t o   t he   e xtent   t hat   i t   i s   p robable   t hat   t he   e conomic   b enefits   w ill   f low   o   t he   A ssociation   (e) Revenue   R ecognition Revenue   is  recognised   the  extent  that  it  is  probable  NOTES   that  the   economic   benefits   will  flow  2t014 o  the   Association   nd  rrevenue   evenue  ccan   an  b be   e  rreliably   eliably  m measured.   easured.      TThe he TO   THE   FINANCIAL   STATEMENTS   FOR   THE  YEARaand   (e) Revenue  to   Recognition ENDED   31  DECEMBER   (e) Revenue   R ecognition following   s pecific   r ecognition   c riteria   m ust   a lso   b e   m et   b efore   r evenue   i s   r ecognised. Revenue   i s   r ecognised   t o   t he   e xtent   t hat   i t   i s   p robable   t hat   t he   e conomic   b enefits   w ill   f low   t o   t he   A ssociation   a nd   r evenue   c an   b e   r eliably   m easured.    The NOTES   T O   T HE   F INANCIAL   S TATEMENTS   F OR   T HE   Y EAR following   s pecific   r ecognition   c riteria   m ust   a lso   b e   m et   b efore   r evenue   i s   r ecognised. (e) Revenue  to   Recognition ENDED   3 1   D ECEMBER   2 014 Revenue   i s   r ecognised   t he   e xtent   t hat   i t   i s   p robable   t hat   t he   e conomic   b enefits   w ill   f low   t o   t he   A ssociation   a nd   r evenue   c an   b e   r eliably   m easured.     T he (e) Revenue   Recognition Revenue   iss  pecific   recognised   to   the  ecxtent   it  ias  lso   probable   the  reevenue   conomic   will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    The following   recognition   riteria  tthat   must   be  met  ttbhat   efore   rbecognised. Revenue   iss  pecific   recognised   to   the  ecxtent   it  ias  lso   probable   the   conomic   enefits   will  flow   to  the  Association  and  revenue  can  be  reliably  measured.    The ENDED   3iis   Denefits   ECEMBER   2014 following   recognition   riteria  that   must   be  met  tbhat   efore   reeevenue   s  1  rb ecognised. (e) Revenue   R ecognition Revenue   i s   r ecognised   t o   t he   e xtent   hat   i t   i s   p robable   hat   t he   conomic   b enefits   w ill   f low   t o   t he   A ssociation   a nd   r evenue   c an   b e   r eliably   m easured.     T he following   sopecific   recognition  criteria  must  also  be  met  before  revenue  is  recognised. Rendering   f  SSRevenue   ervices Rendering   ervices following   recognition   riteria  that   must   be  met  tbhat   efore   is  rbecognised. (e) Recognition Revenue  isss  opecific   rf  ecognised   to   the  eccxtent   it  iaas  lso   probable   the  rreevenue   conomic   enefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    The following   pecific   r ecognition   riteria   m ust   lso   b e   m et   b efore   evenue   i s   r ecognised. Where   he   ontract   outcomes   utcomes   an  b be   e   eliably   m easured: Rendering   Serviceso tthe   ccrf   ontract   an   rreliably   easured: Revenue   iss  o tCCOUNTING   o  the  ecccxtent   that   it  ias  lso   pm robable   the  reevenue   conomic   enefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    The Rendering   opecific   f  ecognised   Services following   recognition   riteria   m ust   b e  met  tbhat   efore   is  rbecognised. ATEMENT  Where   F  SIGNIFICANT   OLICIES Rendering   S    rrervices    following   -­‐-­‐O    ccontrol   o f   ight   tto   b ffust   or   b aattained   nd   Where   the   oA utcomes   criteria   an  be  m rPeliably   msservices   easured: ontrol   oso f  ccf   ight   o   be   e  ccompensated   ompensated   or  ttahe   he   ervices   hbas   as   been   een   ttained   nd  tthe   he  sstage   tage  o of   f  ccompletion   ompletion  ccan   an  b be   e  rreliably   eliably  m measured.   easured.      FFor   or  m membership   embership  ssubscription, ubscription, Rendering   opecific   f  aaontract   Services r ecognition   c lso   b e  met  h efore   revenue   is  raaecognised. Where   t he   ontract   o utcomes   c an   b e   r eliably   m easured: Rendering   o f   S ervices Where   t he   c ontract   o utcomes   c an   b e   r eliably   m easured: tage   ohe   f  occf  ompletion   ompletion   s  e  m mcompensated   easured   be   y  rreference   eference   to   o  m matches   atches   peen   layed   and   nd  ccosts   osts   ncurred.   or   ponsorship   revenue,   evenue,   stage   tage   oeasured.   f  ccompletion   ompletion   is   s  embership   measured   easured  sb bubscription, y   -­‐      ssctage   ontrol   aontract    right  to   biis   for  the  mservices   has  bp attained   and  iincurred.   the  stage      FFoor   f  cssompletion   can   be  reliably   mo  For  m  Rendering      Where   o f   easured   y   t layed   a ponsorship   r s f   i m y   t c o utcomes   c an   b eliably   easured:  Where   -­‐  control   o f   a   r ight   t o   b e   c ompensated   f or   t he   s ervices   h as   b een   a ttained   a nd   t he   s tage   o f   c ompletion   c an   b e   r eliably   m easured.     F or   m embership   s ubscription, o f   S ervices ctaontract   outcomes   caan   e   eliably   easured: ontrol    rp ight   to   biffs  e   for  the  mso ervices   as  bpeen   attained   and  incurred.   the  stage    Foor   f  csompletion   can   be  reliably   moeasured.    For  m Basis   of  toohe   Pf  f  ooreparation o   eriods   ulfilled   s   aa    b ssh ponsorship   eriods.      Rendering    -­‐  -­‐      srrcceference   tage   cof   ompletion   mccompensated   easured   bp y  ercentage   rreference   tf   o  ttotal   matches   layed   ap nd   costs   ponsorship   revenue,   stage   f  completion   is  embership   measured  ssbubscription, y   t o   p eriods   ulfilled   a s   p ercentage   o f   otal   ponsorship   p eriods. ontrol   f   a   r ight   t o   b e   ompensated   f or   t he   s ervices   h as   b een   a ttained   a nd   t he   s tage   o f   c ompletion   c an   b e   r eliably   m easured.     F or   m embership   ubscription, f   S ervices  Where    -­‐  sceference   tage   c ompletion   i s   m easured   b y   r eference   t o   m atches   p layed   a nd   c osts   i ncurred.     F or   s ponsorship   r evenue,   s tage   o f   c ompletion   i s   m easured   b y   tohe   caontract   outcomes   can  b eliably   easured: ontrol    rpight   to   bifs  e   for  the  msoervices   hponsorship   as  bpeen   attained   and  incurred.   the  stage    Foor   f  csompletion   can   be  reliably   moeasured.    For  m embership   ubscription,            sreference   tage   f  ocf  ompletion   mc  ompensated   easured   bppe   y  ercentage   rreference   tf  o  total   matches   layed   ahich   nd   costs   ponsorship   revenue,   stage   f  completion   irs  eporting   measured  rsbequirements y   t o   eriods   ulfilled   a s   a   s p eriods. onsolidated   f inancial   r eport   i s   a g eneral   urpose   f inancial   r eport,   w h as   b een   p repared   i n   a ccordance   w ith   t he   f inancial   tage   ohe   f  ocf  ompletion   ifs  e   mcompensated   easured   y  ercentage   reference   tf  o  total   matches   peen   layed   apnd   costs   incurred.    Foor   sompletion   ponsorship   revenue,   stage   oeasured.   f  completion   is  embership   measured  sbubscription, y   Where   t c ontract   o utcomes   c an   b e   eliably   m easured:          -­‐      rssceference   t o   p eriods   ulfilled   a s   a   p o s ponsorship   eriods. ontrol   a   r ight   t o   b f or   t he   s ervices   h as   b a ttained   a nd   t he   s tage   f   c c an   b e   r eliably   m   F or   m tage  tohe   f  completion   ifs  ulfilled   measured   bpy  ercentage   reference   tf  o  total   matches   played  apnd   costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by    Where    Where    reference   t o   p eriods   a s   a   o s ponsorship   eriods. c ontract   c annot   b e   r eliably   m easured: tohe   ctaontract   cannot   eliably   m easured: o    rpight   eriods   ulfilled   s  a  bpy  ercentage   shA ponsorship    Associations   Incorporation   Abiffs  ct   f  be   Wraaestern   ustralia   and   ustralian   Aeriods. ccounting   tandards   and  other   ronouncements   of  the      -­‐        rrsceference   ontrol   to   e   ompensated   fA or   the  so ervices   as   bpeen   attained   and  incurred.   the  sStage   f  csompletion   can   bae  uthorative   reliably   moeasured.    For  m sbubscription, tage   f  ocf  ompletion   mco easured   reference   tf   o  ttotal   m atches   layed   ap nd   costs    Foor   ponsorship   revenue,   stage   f  pcompletion   is  embership   measured   y   Australian eference   t o   p eriods   ulfilled   s   a   p ercentage   o f   otal   s ponsorship   p eriods.    -­‐-­‐      srrtage   evenue   iis   rrecognised   o nly   tto   tthe   eey  xtent   tthat   cctosts   h ave   b een   iincurred. Where   tohe   contract   cannot   be   reliably   measured: evenue   s   ecognised   o nly   o   he   xtent   hat   osts   h ave   b een   ncurred. f   c ompletion   i s   m easured   b r eference   o   m atches   p layed   a nd   c osts   i ncurred.     F or   s ponsorship   r evenue,   s tage   o f   c ompletion   i s   m easured   b y   prepared Where   t he   c ontract   c annot   b e   r eliably   m easured: nting  Standards   a nd   o ther   a uthorative   p ronouncements   o f   t he   A ustralian   A ccounting   S tandards   B oard.     T he   f inancial   r eport   h as   a lso   b een        reference   o  periods   fulfilled   as  a  percentage   of  total  sponsorship  periods. Where   the  is   ctontract   cannot   be   measured:    -­‐    rreference   evenue   ro  ecognised   only   to  rraeliably   ts  he   xtent   that  ocosts   have   been  incurred. the  is   ctontract   cannot   be   measured: periods   fulfilled   a  piees   ercentage   f  tiotal   sponsorship   periods. -­‐ evenue   rhe   ecognised   only   to  reliably   the   xtent   that  costs   hAave   been  incurred. istorical  c  Where   ost   b asis.   T f inancial   r eport   p resented   n   ustralian   d ollars. Where   t he   c ontract   c annot   b e   eliably   m easured:  Interest -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred. Interest  Where   -­‐  revenue   recognised   only   to  reliably   the  extent   that  costs  have  been  incurred. the  iis   contract   cannot   be   measured:  Interest -­‐  revenue   recognised   only   to  the   extent   hat  ctosts   ave  been   incurred. Revenue   s  s   ecognised   s   nterest   ccrues   utsing   sing   he  eeh ffective   nterest   method.   ethod.      TThis   his  iis   s  aa    m method   ethod  o of   f  ccalculating   alculating  tthe   he  aamortised   mortised  ccost   ost  o os   s  aa    ffinancial   inancial  aasset   sset  aand   nd   Revenue   iis   aas   iinterest   aaccrues   u he   ffective   iinterest   m Where   the   crrecognised   ontract   cannot   be   measured: Interest  Interest -­‐  revenue   is   recognised   only   to  reliably   the   extent   that  ctosts   h ave  been   incurred. allocating   t he   i nterest   i ncome   o ver   t he   r elevant   p eriod   u sing   e ffective   iis   rrf  ate   tthat   uture   rreceipts Revenue   i s   r ecognised   a s   i nterest   a ccrues   u sing   t he   e ffective   i nterest   miinterest   ethod.    rrTate,   his  iw s  ahich    method   calculating   the  d mortised  eecstimated   ost  os  a  fffinancial   asset   and   Management allocating   tihe   interest  iancome   over   tehe   relevant   posts   eriod   using   enterest   ffective   nterest   ate,   w hich   s  tthe   he  o ate   hat  eexactly   xactly   daaiscounts   iscounts   stimated   uture  ccash   ash   eceipts Interest  Revenue   -­‐   r evenue   s   r ecognised   o nly   t o   t he   xtent   t hat   c h ave   b een   i ncurred. i s   r ecognised   s   i nterest   a ccrues   u sing   t he   e ffective   i m ethod.     T his   i s   a   m ethod   o f   c alculating   t he   mortised   c ost   o s   a   f inancial   a sset   a nd   Interest ihe   s  the   rcecognised   ancome   s  io nterest   accrues   sing   effective   ienterest   minterest   ethod.    rTate,   his   iw s  a a    m ethod   f  calculating   the   mortised   ost  (o2013:   s  a  financial   asset   and   through   xpected   ife   f  tthe   he   inancial   sset   o   he   net   et   arrying   mount   of   f  tthe   he   inancial   sset. allocating   interest  liability   opver   the  relevant   phe   eriod   using   ffective   he  o tphat   exactly   eccstimated   uture   cash   receipts ssociation  Revenue   has  a  nttet   osition   oaauuf  sset   $2,388,253   $aa1,364,598)   affinancial   nd   net   lttiability   osition   of  ddaa$iscounts   2,584,289   $1,982,088)   as  at through   eeurrent   xpected   lliiife   f   ffinancial   tttto   tthe   n cc(2013:   arrying   mount   o aaiis   sset. Revenue   ihe   s  the   recognised   ancome   s  ionterest   accrues   sing   he   effective   ienterest   minterest   ethod.    rTate,   his   iw s   hich    m ethod   orrf  ate   calculating   the   mortised   ost  os  a  fffinancial   asset   and   allocating   i nterest   o ver   t he   r elevant   p eriod   u sing   ffective   hich   s   he   ate   t hat   e xactly   iscounts   e stimated   uture   c ash   r eceipts Interest Revenue  tihe   s  the   recognised   ancome   s  ionterest   accrues   usset   sing  tto   effective   ienterest   minterest   ethod.    rTate,   his   iw s  ahich    method   calculating   the  daiscounts   mortised  ecstimated   ost  os  a  ffinancial   asset   and   allocating   interest  liife   over   the  relevant   phe   eriod   using   ffective   the  orf  ate   that  exactly   uture  cash   receipts through   eet   xpected   f  tthe   fyinancial   a$ the   n2013:   et   carrying   amount   of  the   financial   aiis   sset. allocating   t he   i nterest   i ncome   o ver   t he   r elevant   p eriod   u sing   e ffective   i nterest   r ate,   w hich   s   t he   r ate   t hat   e xactly   d iscounts   e stimated   f uture   c ash   r eceipts Interest cember  2014   a nd   a   n d eficit   f or   he   ear   o f   602,201   ( $ 1,160,490) through   t he   e xpected   l ife   o f   he   f inancial   a sset   t o   t he   n et   c arrying   a mount   o f   t he   f inancial   a sset. Revenue   ihe   s  the   recognised   ancome   s  ionterest   accrues   sing  tto   effective   ienterest   minterest   ethod.    rTate,   his   iw s  ahich    method   calculating   the  daiscounts   mortised  ecstimated   ost  os  a  ffinancial   asset   and   allocating   interest  liife   over   the  relevant   phe   eriod   using   ffective   the  orf  ate   that  exactly   uture  cash   receipts through   expected   f  the   financial   ausset   the   net   carrying   amount   of  the   financial   ais   sset. Sale   o Sale   of   f  G Gttoods oods through   expected   f  the   financial   ausset   the   net   carrying   amount   of  the   financial   ais   sset. Revenue   ihe   s  the   recognised   ancome   s  io nterest   accrues   sing  ttto   effective   ienterest   minterest   ethod.    rTate,   his   iw s  ahich    method   calculating   the  daiscounts   mortised  ecstimated   ost  os  a  ffinancial   asset   and   allocating   interest  lliife   over   the  relevant   phe   eriod   using   ffective   the  orf  ate   that  exactly   uture  cash   receipts through   t he   e xpected   ife   o f   t he   f inancial   a sset   o   t he   n et   c arrying   a mount   o f   t he   f inancial   a sset. Revenue   s  the   ecognised   w hen  tthe   he   ignificant   isks  paaeriod   nd  rrewards   ewards   offective   f  o ownership   wnership   of   f  ttrhe   he   oods   have   ave   passed   assed   o  tthe   he   buyer   uyer  daaiscounts   nd  tthe   he  ccosts   osts   ncurred   or   r  tto   o   be   e  iirncurred   ncurred   n Sale   of  Goods Revenue   iihe   s   rrecognised   w hen   ssinancial   ignificant   rrisks   nd   f   o ggoods   h p o   b nd   iincurred   o b iin allocating   interest   ias   ncome   over   the  relevant   using   eo interest   ate,   which   ihis   s   the   rate  tthat   exactly   estimated   future   co   ash   eceipts Sale   of  Gtoods through   e xpected   l ife   o f   t he   f a sset   t o   t he   n et   c arrying   a mount   o f   t he   f inancial   a sset. onsolidated   f inancial   r eport   h b een   p repared   o n   a   g oing   c oncern   b asis.   I n   a rriving   a t   t p osition   t he   d irectors   h ave   h ad   r egard   t t he   f act  that Sale   of  Go oods respect   ttransaction   ccf  an   b m easured   eliably.      rR isks   aand   rrewards   o wnership   aare   ccave   onsidered   assed   tthe   uyer   tthe   o o tthe   Revenue   if   s  ttrhe   ecognised   when   the   he   ignificant   rrrisks   atnd   of   ownership   f  tthe   he  financial   goods   passed  p the  btto   uyer   the  aat   costs   ncurred   or  to  be   in respect   f  he   he   ransaction   an   be   e  fssinancial   m easured   eliably.   Rnewards   isks   nd   ewards   of   f  o ooo wnership   re  h onsidered   ptto   assed   o   he  aab bnd   uyer   t   he  ttiiime   ime   of   f  d delivery   elivery   of   f  iincurred   he  ggoods   oods   Sale   of  Gotoods through   e xpected   l ife   o t a sset   t o   he   et   c arrying   a mount   f   a sset. Revenue   i s   r ecognised   w hen   t he   ignificant   r isks   a nd   r ewards   o f   o wnership   o f   t he   g oods   h ave   p assed   o   t he   b uyer   nd   t he   c osts   ncurred   o r   t o   b e   ncurred   i n Sale   oo f  cG s  trhe   when   ignificant   isks   aand   f   ownership   f  tthe   oods   passed  pto   the   bto   uyer   he  at   costs   ncurred   or  to  be   in ssociation  Revenue   has,   r  ustomer. iif  n   tecognised   he   directors’   otthe   pinion   will  hrrrave   ccess   to,   sooufficient   o  fggund   ahhdministrative   and   otther   cttommitted   expenditure   period to   he   ustomer. respect   ooods transaction   can   be  ssm easured   eliably.    rrRewards   isks   and   rewards   ocf  ash   oo are   cave   onsidered   assed   he  aabnd   uyer   the  tiiime   of  delivery   of  iifncurred   tor   he  ag  oods   to   tthe   cG Revenue   s  trhe   ecognised   when   he   ignificant   isks   and   ewards   f   ownership   ownership   f  the   oods   ave   passed  pto   the   bto   uyer   nd   he  at   costs   ncurred   or  to  be   ncurred   in respect   o f   t ransaction   c an   b e   m easured   r eliably.     R isks   a nd   r ewards   o f   o wnership   a re   c onsidered   assed   t he   b uyer   t he   t ime   o f   d elivery   o f   t he   g oods   Sale   o f   oods Revenue   ecognised   when   the   rrisks   and    rRewards   of   ownership   f  the  goods   passed  pto   the  bto   uyer   the  at   costs   ncurred   or  to  be   in respect   oif  s  trhe   ransaction   can   boe   easured   eliably.   isks  and   rewards   of  oownership   are  hcave   onsidered   assed   the  abnd   uyer   the  tiime   of  delivery   of  incurred   the  goods   the   cGustomer.  less  than  to   12   m fttrom   the   date   f  sm tignificant   his   report.   respect   ooods f  the   ransaction   can   be   m easured   reliably.   isks  and   rewards   of  oownership   are  hcave   onsidered   assed   the  abnd   uyer   the  tiime   of  delivery   of  incurred   the  goods   Sale   of  onths   to   the   customer. Revenue   ecognised   when   the   ignificant   and      rR of   ownership   f  the  goods   passed  p the  btto   uyer   the  aat   costs   ncurred   or  to  be   in respect   oif  s  trhe   transaction   can   be  sm easured  rrisks   eliably.   Rewards   isks  and   rewards   of  ownership   are  considered   pto   assed   o   the  buyer   t   the  time   of  delivery   of  the  goods   to   the  customer. (f) Grants (f) Grants to   t he   c ustomer. Revenue   ecognised   when   the   ignificant   and    rRewards   of   ownership   f  the  goods   passed  pto   the  bto   uyer   the  at   costs   ncurred   or  to  be   in respect   oif  s  trhe   transaction   can   be  sm easured  rrisks   eliably.   isks  and   rewards   of  oownership   are  hcave   onsidered   assed   the  abnd   uyer   the  tiime   of  delivery   of  incurred   the  goods   to  the  customer. Government   g rants   a re   r ecognised   w hen   t here   i s   r easonable   a ssumption   t hat   t he   g rant   w ill   b e   r eceived   a nd   a ll   c onditions   w ill   b e   c omplied   w ith. (f) Grants gGrants rants   are   recognised   hen  ctonsideration   here   is  reasonable   afssumption   the  grant   wcill   be  received   and  tao   ll  tche   onditions   be   complied   with.of  the  goods   respect   of  dthe   transaction   can   be  miw easured   reliably.    Risks   and   rewards  of  that   ownership   are   onsidered   passed   buyer  aw t  till   he   time   of  delivery   (f) ming  this  vGovernment   iew   t he   irectors   h ave   t aken   nto   t he   ollowing. to   t he   c ustomer. (f) Government   gGrants rants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with. (f) the  customer. to   Government   gGrants rants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with. (f) Government   rants   re  rrrecognised   weehen   there   is  rrrecognised   easonable  aaas   ssumption   that   the   grant  wn ill   be  received   and  atthe   ll  conditions   ill   be  complied   ith. Government  gggGrants rants  atathat   hat   elate  tto   o  aan   n   xpense   re   ncome  o over   ver   he   periods   eriods   ecessary   o  m match   atch   rant  o on   n  aaw ystematic   basis   asis  w o  tthe   he  ccosts   osts   Government   rants   elate   xpense   aare   iincome   tthe   p ecessary   tto   ggrant   ystematic   b o   re  recognised   when   there   is   ecognised   easonable   s   ssumption   that   the   grant  wnill   be  received   and  ahe   ll  conditions   w    ssill   be  complied   wttith. (f) Grants Government   g rants   athat   re   rs   ecognised   wtherwise   hen   there   is  ogrrf  ecognised   easonable   as   ssumption   t$hat   the   grrant   w ill   be   received   and   aelates   ll  conditions   w  so ill   bis  e  is   complied   wtfith. uded  within   c urrent   l iabilities   i u nearned   r evenue   $ 3,191,020   ( 2013:   2,765,922)   w hich   d oes   n ot   r equire   a   c ash   utlay.     E xcluding   the   unearned that   i t   i s   i ntended   t o   c ompensate.   O t he   rant   i s   r ecognised   a s   i ncome   o n   eceipt.     W hen   t he   g rant   r t o   a n   a sset   d educted   rom   ttche Government   g rants   r elate   t o   a n   e xpense   a re   a i ncome   o ver   t he   p eriods   n ecessary   t o   m atch   t he   g rant   o n   a ystematic   b asis   o   the   osts   that   i t   i s   i ntended   t o   c ompensate.   O therwise   t he   g rant   i s   r ecognised   a s   i ncome   o n   r eceipt.     W hen   t he   g rant   r elates   t o   a n   a sset   i s   i s   d educted   f rom   he (f) Grants Government   g rants   t hat   r elate   t o   a n   e xpense   a re   r ecognised   a s   i ncome   o ver   t he   p eriods   n ecessary   t o   m atch   t he   g rant   o n   a   s ystematic   b asis   t o   t he   c osts   Government   rants  atahat   re  art  recognised   wehen   t2 here   is  trrhe   easonable   ssumption   t  hat   the   grant  wa be  rpeceived   and   a$ ll  802,767; conditions   w  sill   be  complied   ggrants   elate   to  vvalue   aOn   xpense   ahe   re   ecognised   aaver   s   income   oncome   ver   the   p eriods   nill   ecessary   to  gmrant   atch   the   grant   on  n  aasset   ystematic   basis  wtfith. o   the  tche osts   enue  in  a  lGovernment   iquidity   a nalysis   3 1   D ecember   014,   A ssociation   h as   a n et   c urrent   sset   osition   o f   asset   o   w hich   it   t  rrelates,   elates,   t he   n et   alue   o f   w hich   i s   a mortised   o ver   t he   e xpected   u seful   l ife. that   it  tto   is  w intended   to  tahat   cs   ompensate.   therwise   t g rant   i s   r ecognised   a s   i o n   r eceipt.     W hen   t he   r elates   t o   a i s   i s   d educted   rom   asset   hich   i t he   n et   o f   w hich   i s   a mortised   o t he   e xpected   u seful   l ife. Government   g rants   r elate   t o   a n   e xpense   a re   r ecognised   a s   i ncome   o ver   t he   p eriods   n ecessary   t o   m atch   t he   g rant   o n   a   s ystematic   b asis   t o   t he   c osts   rrecognised   wtherwise   there   ssumption   that   the   grrant   will    W be   received   and  raelates   ll  conditions   w  sill   bis  e  is   complied   that   it  is  intended   to  that   cre   ompensate.   tahe   geasonable   rant  is  recognised   as  ioncome   op n  eriods   eceipt.   hen   the   to  aon  n  aasset   deducted   rom   Government   grants   to  value   aO ehen   xpense   re   s   income   ver   the   to  ggmrant   atch   the   grant   ystematic   basis  wtffith. o   the  ttche osts   that   it  to   is  w intended   to  compensate.   On  therwise   the   rant   is  recognised   income   n  receipt.    When  the   rant   relates   to  an  asset   is  is  deducted   rom   he asset   hich   it  relates,   telate   he  net   of  which   is  ggraecognised   mortised   oaver   the  aaes   xpected   uo seful   life.necessary   that   it  to   is  w intended   to  that   compensate.   tahe   rant   is  recognised   ioncome   n  eriods   receipt.    When  the   to  aon  n  aasset   is  is  deducted   rom   asset   hich   it  relates,   he  net   of  which   is  graecognised   mortised   oaver   the  aes   xpected   uo seful   life.necessary   Government   grants   rttelate   to  vvalue   aO n  therwise   expense   re   s  income   ver  the   p to  ggmrant   atch  rrelates   the  grant    systematic   basis  tffo   the  ttche osts   that   i t   i s   i ntended   t o   c ompensate.   O therwise   t he   rant   i s   r ecognised   s   i ncome   o n   r eceipt.     W hen   t he   rant   elates   t o   a n   a sset   i s   i s   d educted   rom   he asset   t o   w hich   i t   r elates,   he   n et   alue   o f   w hich   i s   a mortised   o ver   t he   e xpected   u seful   l ife. (g) Cash   a nd   c ash   e quivalents (g) Cash   a nd   c ash   e quivalents asset   t o   w hich   i t   r elates,   t he   n et   v alue   o f   w hich   i s   a mortised   o ver   t he   e xpected   u seful   l ife. going  discussions   hhich   ave   been   held   with   W A  government   with   at  vhe   iew   tver   o  renegotiating   the   of  trhe   he   ois  riginal   tadium   evelopment Government   grants   rtelate   to  value   atOhe   n  therwise   expense   re   s  income   the   p to  gmrant   atch   the  loan   grant   on  n  aatsset    systematic   bsasis   tfo   the  dtche osts   that   is  w intended   to  that   compensate.   tahe   rant   is  recognised   aes  xpected   ioncome   n  eriods   receipt.    W hen  terms   the   elates   to  faor   is  deducted   rom   asset  it   tnd   o   it  relates,   he  neiet   of  which   is  graSecognised   mortised   oaover   uoseful   life.necessary   Cash   a s hort-­‐term   d eposits   n   t he   C onsolidated   tatement   f   F inancial   P osition   c omprise   c ash   a t   b ank   a nd   i n   h and   a nd   s hort   t erm   d eposits   w ith   a n (g) Cash   a nd   c ash   quivalents Cash   shich   hort-­‐term   eposits   n   tvhe   Consolidated   tatement   f  Financial   Position   cash   at  the   bank   and  relates   in  hand   hort  its  erm   deposits  fw ith  tahe n that   i1,126,327   s  w intended   to   cdompensate.   Otherwise   the   is  recognised   income   n  cromprise   eceipt.   hen   grant   to  aand   n  assset   is  deducted   rom   (g) Cash   nd   eiet   quivalents rying  value   of  it  a$tnd   aaas   at  cctash   3he   1  nD ecember   014);   asset   o   it  relates,   alue   of  w2hich   is  gaSrant   mortised   oover   the  aes  xpected   uoseful   life.  W (g) Cash   nd   ash   e quivalents original   m aturity   oelates,   f  atthree   hree   months   onths   or   r  Clless,   ess,   hat   re   eadily   onvertible   o   nown   mounts   of   f  ccash   ash  and   which   hich   re   ubject   o  saahort   n  iinsignificant   nsignificant   isk  o owf   f  ith   hanges   n   Cash   hort-­‐term   deposits   iquivalents n  tvhe   onsolidated   tatement   f  Financial   osition   comprise   t  bank   and   in  sshubject   and  and   term  deposits   an iin   original   f   m o tthat   aare   eadily   cconvertible   kkP w aare   tto   n   rrisk   cchanges   (g) aatnd   Cash   nd   ctash   asset   o  m wssaturity   hich   it  ro he   ne alue   of  w hich   is  aSSrrmortised   oo the  tteo   xpected   uaamounts   seful   life.o Cash   nd   hort-­‐term   deposits   n  the   Consolidated   tatement   over   f  Financial   Pnown   osition   comprise   cash  aand   t  bank   and   in  hand  and   short   term  deposits   with   an (g) Cash   nd   cash   eiiet   quivalents Cash   hort-­‐term   deposits   n  the   onsolidated   tatement   of  Financial   osition   comprise   ash  aand   t  bank   and   in  shubject   and  and   term  deposits   an in   value.aand   original   mssaturity   of  athree   months   or  C less,   that  are  SSreadily   convertible   to  kP nown   amounts   of  cccash   which   are   to  ssahort   n  insignificant   risk  ow f  ith   changes   value. Cash   nd   hort-­‐term   d eposits   i n   t he   C onsolidated   tatement   o f   F inancial   P osition   c omprise   ash   a t   b ank   a nd   i n   h and   a nd   hort   t erm   d eposits   w ith   a n original   mm aturity   f  athree   months   ofree   r  less,   that  aterm   re  readily   to  ktPnown   amounts   of  ccash   and   which   are   to  sahort   n  insignificant   risk  owf  ith   changes   (g) Cash   cinterest   ash   eiquivalents Cash   and   hort-­‐term   dn   eposits   n  the   onsolidated   tatement   Financial   osition   comprise   t  bank   and   in  sshubject   and  and   term  deposits   an iin   eement  has   been   ade   foooor   and   short   loan  ccconvertible   to  ouf  nderpin   he   2015   cashflow; original   msaturity   f  three   months   or  Cless,   that  are  Sreadily   onvertible   to  known   amounts   of   ash  and   which   are   ubject   to  an  insignificant   risk  of  changes   n   value. original   msaturity   f  athree   months   or  Cless,   that  are  Sreadily   onvertible   to  kPnown   amounts   of  cash  and   which   are   to  sahort   n  insignificant   risk  owf  ith   changes   (g) Cash   nd   cash   eiquivalents value. Cash  and   hort-­‐term   deposits   n  the   onsolidated   tatement   of  Financial   osition   comprise   t  bank   and   in  sshubject   and  and   term  deposits   an iin   original   m aturity   o f   t hree   m onths   o r   l ess,   t hat   a re   r eadily   c onvertible   t o   k nown   a mounts   o f   c ash   a nd   w hich   a re   ubject   t o   a n   i nsignificant   r isk   o f   c hanges   n   value. For   t he   p urpose   o f   t he   C onsolidated   S tatement   o f   C ashflows,   c ash   a nd   c ash   e quivalents   c onsist   o f   c ash   a nd   c ash   e quivalents   a s   d efined   a bove,   n et   o f   For   t he   p urpose   o f   t he   C onsolidated   S tatement   o f   C ashflows,   c ash   a nd   c ash   e quivalents   c onsist   o f   c ash   a nd   c ash   e quivalents   a s   d efined   a bove,   n et   o f   value. Cash   and   hort-­‐term   deposits   in  the   onsolidated   tatement   of  Financial   osition   comprise   ash  aand   t  bank   and   in  shubject   and  and   term  deposits   an in   original   msaturity   of  three   months   or  Cless,   that  are  Sreadily   convertible   to  kPnown   amounts   of  ccash   which   are   to  sahort   n  insignificant   risk  owf  ith   changes   value. outstanding   b ank   o verdrafts. For   t he   p urpose   o f   t he   C onsolidated   S tatement   o f   C ashflows,   c ash   a nd   c ash   e quivalents   c onsist   o f   c ash   a nd   c ash   e quivalents   a s   d efined   a bove,   n et   o f   nificant  uplift   n  tphe   bboardcast   evenues   2016;   outstanding   ank   original   murpose   aturity   the   hree   months  oir  n   that  aand re   convertible   to  ckash   nown   amounts  coonsist   f  cash  oaf  nd   which   subject   to  an  iansignificant   risk  of  ncet   hanges   For   tihe   oof  of  tverdrafts. Cronsolidated   Sless,   tatement   of  rCeadily   ashflows,   cash  and   equivalents   cash   and  acre   ash   equivalents   s  defined  above,   of   in   value. For   the  purpose   of  otverdrafts. he  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of   outstanding   bank   For   the  purpose   of  otverdrafts. he  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of   value. outstanding   b ank   For  the  purpose   of  otverdrafts. he   Consolidated   Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of   outstanding   bank   (h) Trade   aand   o eceivables (h) nd   other   ther  rrh eceivables outstanding   bank   omprehensive   review   oTrade   f  oef  ooxpenditure   as  b een  carried   out  with  cash   improvements   in  efficiency   For  the   purpose   tverdrafts. he   Consolidated   Statement   of  Cashflows,   and  cash  equivalents   consist  m of  ade   cash  faor   nd  2c015. ash  equivalents  as  defined  above,  net  of   outstanding   bank   verdrafts. Trade   r eceivable   w hich   g enerally   h ave   30-­‐90   0-­‐90  d days   ays   erms,   re  rrcecognised   ecognised   nd  eccquivalents   arried  aat   t  o ocriginal   riginal   nvoice   mount   ess   n  aallowance   llowance   or  u uncolletable   ncolletable   mounts. (h) Trade   a nd   o ther   r eceivables Trade   r eceivable   w hich   g enerally   h ave   3 aare   aand   arried   lless   aan   ffor   aamounts. For   the  purpose   of  otverdrafts. he   Consolidated   Statement   of  ttCerms,   ashflows,   ash  and  cash   onsist  iinvoice   of  cash  aaamount   nd  cash   equivalents   as  defined   above,  net   of   (h) Trade   and   other  receivables outstanding   bank   (h) receivable   Trade   and   other  receivables Trade   w hich   g enerally   h ave   3 0-­‐90   d ays   t erms,   a re   r ecognised   a nd   c arried   a t   o riginal   i nvoice   a mount   less  an  allowance  for  uncolletable  amounts. (h) Trade   a nd   o ther   r eceivables outstanding   b ank   o verdrafts. Trade  receivable   which   generally   have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts. (h) Trade   a nd   o ther   r eceivables Trade   receivable   which   gaenerally   30-­‐90  d and   cd arried   at  oaariginal   invoice   mount   less  tahey   n  re   allowance   ncolletable   aomounts. ssociations   ability   to  oocf  f  ontinue   s  a  going   concern   an   eet  aaire   ts   decognised   ebts   and   future   s  bbaaae   when   fall   due   ior   s  w ependant   n      AAann  number Collectibility   ttrade   receivables   iih rreviewed   o aan   o b    IIndividual   ebts   hat   re   ttao   ccollectable   w ritten   o iidentified.   Collectibility   rade   eceivables   s  ave   eviewed   oays   n  nd   n  tterms,   omngoing   ngoing   brrasis.   asis.   ndividual   ebts  cttommitments   hat   re  kknown   nown   o   e  nd   ollectable   w ritten   offff   ff   wdu hen   dentified.   Trade   which   generally   hs   ave   30-­‐90  d ays   erms,   re   ecognised   and   cdarried   at  original   invoice   mount   less  aaan  re   allowance   or   uhen   ncolletable   amounts. (h) rreceivable   Trade   arnd   other  receivables Trade   eceivable   which   generally   hs  ave   3w0-­‐90   d ays   terms,   are  brasis.   ecognised   ahat   nd  cdtarried   at  oariginal   invoice   ae  mount   lcess   aan  re   athe   llowance   fff   or   uhen   ncolletable   amounts. An   i mpairment   p rovision   i s   r ecognised   hen   t here   i s   o bjective   e vidence   t he   A ssociation   w ill   n ot   b e   a ble   t o   ollect   r eceivable.     F inancial   d ifficulties Collectibility   o f   t rade   r eceivables   i r eviewed   o n   a n   o ngoing     I ndividual   ebts   t hat   re   k nown   t o   b c ollectable   w ritten   o w i dentified.    An tors,  including; An   i mpairment   p rovision   i s   r ecognised   w hen   t here   i s   o bjective   e vidence   t hat   t he   A ssociation   w ill   n ot   b e   a ble   t o   c ollect   t he   r eceivable.     F inancial   d ifficulties (h) arnd   other  receivables Collectibility   of  Trade   trade   eceivables   ihs  ave   reviewed   oays   n  an  terms,   ongoing    Individual   ebts  that   re  known   to  bae  mount   collectable   written  offf   wuhen   identified.    An Trade   receivable   which   generally   30-­‐90  d are  b rasis.   ecognised   and  cd at  oaariginal   invoice   less  aaan  re   allowance   or   ncolletable   amounts. Collectibility   of  d tefault   rade   rp eceivables   reviewed   ohere   n  tthan   an  ios  6 ngoing   bo asis.    Individual   dtarried   ebts   that   re  known   to  bbe  e  ao re   ritten   off   when   identified.    An lloss of   ttihe   d ebtor,   ayments   o r   d ebts   m d verdue   aare   ccnd   onsidered   o vidence   f   iimpairment.      w TThe   aamount   o he   iimpairment   An   mpairment   rovision   is  recognised   w0-­‐90   hen   td o0   evidence   he   Association   weeill   not   to  lcess   ollect   the   receivable.    f   difficulties of   he   deceivable   ebtor,   efault   ayments   oiihs   r  ave   d ebts   more   ore   0  bjective   days   ays   verdue   re  ttahat   onsidered   ot  bjective   bjective   vidence   occble   f  ollectable   mpairment.   he   mount   oncolletable   f  FFttinancial   he   mpairment   Collectibility   of  dtp rade   rpeceivables   s   reviewed   ohere   n  han   an  terms,   os  6ngoing   borasis.    Individual   dtarried   ebts   that   ariginal   re  known   to  bbe   e  mount   ollectable   an  re   w ritten   offf   wuhen   identified.    An oss Trade   r w hich   g enerally   3 ays   a re   ecognised   c a o i nvoice   a a a llowance   or   a mounts. An   i mpairment   p rovision   i s   r ecognised   w hen   t i o bjective   e vidence   hat   he   A ssociation   w ill   n ot   a ble   t o   c ollect   t he   r eceivable.     inancial   d ifficulties Collectibility   o f   t rade   r eceivables   i s   r eviewed   o n   a n   o ngoing   b asis.     I ndividual   d ebts   t hat   a re   k nown   t o   b e   c ollectable   a re   w ritten   o ff   w hen   i dentified.    An loss An   i mpairment   p rovision   i s   r ecognised   w hen   t here   i s   o bjective   e vidence   t hat   t he   A ssociation   w ill   n ot   b e   a ble   t o   c ollect   t he   r eceivable.     F inancial   d ifficulties is   t he   r eceivable   c arrying   a mount   c ompared   t o   t he   p resent   v alue   o f   e stimated   f uture   c ash   f lows,   d iscounted   a t   t he   o riginal   e ffective   i nterest   r ate. of   t he   d ebtor,   d efault   p ayments   o r   d ebts   m ore   han   6 0   d ays   o verdue   a re   c onsidered   o bjective   e vidence   o f   i mpairment.     T he   a mount   o f   t he   i mpairment   is   t he   r eceivable   c arrying   a mount   c ompared   t o   t he   p resent   v alue   o f   e stimated   f uture   c ash   f lows,   d iscounted   a t   t he   o riginal   e ffective   i nterest   r ate. An   i mpairment   p rovision   i s   r ecognised   w hen   t here   i s   o bjective   e vidence   t hat   t he   A ssociation   w ill   n ot   b e   a ble   t o   c ollect   t he   r eceivable.     F inancial   d ifficulties tinued  support   o f   t he   A ustralian   R ugby   U nion,   m embers,   s ponsors   a nd   f inanciers. of   t he   d ebtor,   d efault   p ayments   o r   d ebts   m ore   t han   6 0   d ays   o verdue   a re   c onsidered   o bjective   e vidence   o f   i mpairment.     T he   a mount   o f   t he   i mpairment   Collectibility   o f   t rade   r eceivables   i s   r eviewed   o n   a n   o ngoing   b asis.     I ndividual   d ebts   t hat   a re   k nown   t o   b e   c ollectable   a re   w ritten   o ff   w hen   i dentified.    An lloss An  tthe   ihe   mpairment   rovision   ias  mount   recognised   when   to   here   ips  resent   evidence   the   Association   weill  vidence   niscounted   ot  be  aoble   to   che   ollect   the   reeceivable.   difficulties of   deceivable   ebtor,  dpefault   payments   ocr  ompared   debts   more   the   han   6o0  bjective   days   overdue   are  that   considered   ocbjective   f  impairment.    The   amount  interest   o  f  Ftinancial   he  impairment   oss is   r c arrying   t t v alue   o f   e stimated   f uture   ash   f lows,   d a t   t o riginal   ffective   r ate. of   ebtor,   ayments   ois   d ebts   more   han   6ngoing   days   oasis.   verdue   are  that   considered   ocbjective   f  ollectable   impairment.    w The   amount   o  f  Ftinancial   he   impairment   Collectibility   of  d tpefault   rade   rp eceivables   reviewed   n  tthe   an  ipos  resent   dthe   ebts   that   are  flows,   known   to  bbe  e  ao cble   re   ritten   off  winterest   hen   identified.    An lloss is   rd eceivable   crovision   arrying   cr   ompared   ttoo   vbalue   o  If  ndividual   estimated   future   ash   d ato   t  tche   oariginal   ffective   rate. An  tttthe   ihe   mpairment   iaas  mount   recognised   when   here   o0   bjective   evidence   Association   weeill  vidence   niscounted   ot   ollect   the   reeeceivable.   difficulties of   he   d ebtor,   d efault   p ayments   o r   d ebts   m ore   han   6 0   d ays   o verdue   a re   c onsidered   o bjective   vidence   o f   i mpairment.     T he   a mount   o f   t he   i mpairment   oss is   he   r eceivable   c arrying   mount   c ompared   t o   t he   p resent   v alue   o f   e stimated   f uture   c ash   f lows,   d iscounted   a t   t he   o riginal   ffective   i nterest   r ate. (i) Income   T ax (i) Income   T ax is   the   rdeceivable   crovision   arrying   tto   the   resent   value   of  estimated   future   ash  flows,   d ato   t  the   original   ffective   interest   rate. An   ihe   mpairment   pefault   iaas  mount   rm ecognised   hen   here   ip Association   weill  vidence   niscounted   ot  bte   aoble   ollect   the   reeeceivable.   difficulties of   ebtor,   dchieve   payments   occr  ompared   debts   m han   6o0  bjective   days   oiverdue   are  that   considered   occbjective   f  Aimpairment.    w The   acmount   o  f  Ftinancial   impairment   loss d  the  Association   not  aIncome   tax he   atters   sw et   oore   ut   athe   bove   tthere   s  esvidence   ignificant   uthe   ncertainty   hether   he   ssociation   ill   ontinue   ahe   s  taax.  rgate. oing   concern is  tthe   receivable   carrying   mount   ompared   tso   ps  oresent   vncome   alue   of  Teax   stimated   future   ash   fw lows,   d iscounted   at  stcporting   he   original   ffective   interest   The   A ssociation   i s   a   b ody   i n   a ccordance   w ith   50-­‐45   f   he   I A ssessments   A ct   ( 1997)   w hich   e xempts   c lubs   f rom   i ncome   (i) T The   Association   is   a  body   accordance   wm ith   50-­‐45   Ivncome   Assessments   (1997)   hich   exempts   c  Tlubs   rom  income   of   he   ebtor,  Income   default   pTayments   ocr  ompared   debts   ore   han   6f  0  tdhe   ays   overdue   are   considered   bjective   ewvidence   of  impairment.   he   afmount   of  the  tax. impairment   loss (i)tthe   axain   rdeceivable   cealise   arrying   mount   tso   tthe   poresent   alue   of  Teax   stimated   future  Acocct   ash   flows,   dusiness   iscounted   at  stporting   he   riginal   effective   interest   rtate. (i) Income   Tax herefore  wis   hether   it  will   its   ssets   and  weith   xtinguish   liabilities   in   normal   ourse   of  wbhich   and   at  oothe   mounts   tated   he  financial The   Association   irs   a  body   in   aaccordance   so   50-­‐45   oresent   f  its   the   Ivncome   Teax   Athe   ssessments   Acct   (1997)   exempts   stporting   calubs   from  sincome   tin   ax. (i) Income   Tax is   t he   r eceivable   c arrying   a mount   c ompared   t t he   p alue   o f   stimated   f uture   ash   f lows,   d iscounted   a t   he   riginal   e ffective   i nterest   r ate. The   A ssociation   i s   a   b ody   i n   a ccordance   w ith   s 50-­‐45   o f   t he   I ncome   T ax   A ssessments   A ct   ( 1997)   w hich   e xempts   s porting   c lubs   f rom   i ncome   t ax. (i) Income   axin  accordance   The   ssociation   is  a  bttody   ith  s50-­‐45   of  tahe   Income  Tax   Assessments   Act   (1997)  which  exempts   sporting  clubs   income   tax. amounts  or  to (j) A Other   axes t.  The  consolidated   financial   rTeport   does  not  w any   djustment   relating   to  the   recoverability   or  classification   of  ffrrom   ecorded   asset   (j) Other   axes The   ssociation   is  a  body   accordance   winclude   ith  s50-­‐45   of  the   Income  Tax   Assessments   Act   (1997)  which  exempts   sporting  clubs   rom   income   tax. (i) A Income   Taxiin   The   Association   is  a  abtnd   ody   n  accordance   with  sn 50-­‐45   othe   f  the   Income   TGax   Aessessments   Act  (1997)  which  exempts  sporting  clubs  from  income  tax. Revenue,   e xpenses   a ssets   a re   r ecognised   et   o f   a mount   o f   ST   xcept: (j) Other   axes Revenue,   e xpenses   a nd   a ssets   a re   r ecognised   n et   o f   t he   a mount   o f   G ST   e xcept: mounts  or  (i) c lassification   o f   l iabilities   t hat   m ight   b e   n ecessary   s hould   t he   A ssociation   n ot   b e   a ble   t o   c ontinue   a s   a   g oing   c oncern. Income   T ax (j) Other   t axes The  Association   is  a  btody   in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax. (j) Other   axes When   he  aG Gssets   ST  aiiccordance   ncurred   on   n   purchase   urchase   ohe   f  tgghe   oods   nd   ervices   s  n not   ot  rrecoverable   ecoverable   rom   he  ettxempts   axation  saaporting   uthority,   n  w wfrom   hich  iccncome   ase  tthe   he  tax. GST   ST  iis   s   Revenue,   are  recognised   et  of  oto aoods   mount   of  ssTervices   GST  Aessessments   xcept:    -­‐-­‐ eexpenses   When   he   ST   ncurred   o    p aand   iis   ffrom   tthe   axation   uthority,   iin   hich   ase   G (j) Other   axes The   is  a  aabtttnd   ody   in   waaith   sn 50-­‐45   f  f   Income   Act  (1997)   which   clubs   Revenue,   xpenses   nd   assets   are  recognised   n et  of  the   amount   of  Gax   ST  except: (j) Association   Other   axes Revenue,   expenses   a nd   a ssets   are   recognised   naaet   of  tohe   mount   oaasset   f  services   GST   er   xcept: recognised   aaST   s   p art   o f   tthe   ccost   o f   cquisition   o f   tthe   o aas   f   tthe   eexpense   iitem   aas   aapplicable;   aand   -­‐ When   t he   G incurred   on   a  purchase   f  gaaoods   and   is  p nart   ot  o recoverable   from   the   taxation   authority,   in  which  case  the  GST  is   recognised   s   p art   o f   he   ost   o f   cquisition   o f   he   sset   o r   s   p art   o f   he   xpense   tem   s   pplicable;   nd Revenue,   e xpenses   a nd   a ssets   a re   r ecognised   n et   o f   t he   mount   o f   G ST   e xcept:   -­‐ When   t he   G ST   i ncurred   o n   a   p urchase   o f   g oods   a nd   s ervices   i s   n ot   r ecoverable   f rom   t he   t axation   a uthority,   i n   w hich   c ase   t he   G ST   i s   Statement   of  When   Compliance (j) Other   axes Revenue,   attnd   apre   recognised   of   tohe   mount   oasset   f  saervices   Gmount   ST        -­‐-­‐-­‐ expenses   he  aGssets   on   a  hich   purchase   f  gaoods   attnd   is   ot   from   the   taxation   authority,   which  case  the  GST  is   Receivables   nd   ayables,   w re   tated   w ith   he   opf   f  n G ST   ncluded. recognised   aST   piincurred   art   of   the   cost   of  naet   of  ith   the   oer  xcept: as   orrecoverable   f  iincluded. the  expense   item   as   applicable;   and iin   Receivables   aas   nd   pre   ayables,   w aacquisition   re   sstated   w he   mount   o G ST   When   tnd   he  aGssets   ST   ncurred   on   a  hich   purchase   ohe   f  gaoods   and   saervices   is   nart   ot   ecoverable   from   the   taxation   authority,   n  which  case  the  GST  is   (j) Other   axes recognised   a s   p art   o f   t he   c ost   o f   a cquisition   o f   t he   a sset   o r   a s   p art   o f   t he   e xpense   i tem   a s   a pplicable;   a nd Revenue,   e xpenses   a a r ecognised   n et   o f   t mount   o f   G ST   e xcept: When   the   GaST   on   ao  hich   pr  urchase   of   goods   as   services   is   ot   ecoverable   from   the   taxation   aouthority,   in  w hich   case   the  GST  iSs  tatement nancial  report   cet   wf  ith   Arustralian   ccounting   Standards   ahe   iassued   Ariincluded   A ccounting   Standards   recognised   pincurred   art   of  Atffhe   cost   op f  ayable   aacquisition   of  ith   sset   or  bay   s   art   f  ustralian   the  expense   item   as   applicable;   nd Board. The   n o G ecoverable   rom,   o,   tthe   ttttaxation   aauthority   iiST   s   aas   art   o rreceivables   r   n   tthe   onsolidated      omplies   -­‐-­‐ amount   Receivables   as   ayables,   w re   stated   w tnd   he   otp f  nhe   G The   net   of   GaST   ST   rom,   o,  gaoods   he   axation   uthority   s  o s  p pfrom   art   otf   f  he   eceivables   r  p paaayables   ayables   n  hich   he  C Ccase   onsolidated   recognised   aST   s  nd   pincurred   art   of   the   cost   opf  nayable   aet   cquisition   of  ith   he   oer  xcept: as   orncluded   f  iincluded. the  expense   item   as   applicable;   nd in  iiw Revenue,   expenses   ap recognised   of   totthe   mount   oaasset   f  saaervices   Gmount   ST      -­‐-­‐ amount   Receivables   pre   ayables,   w re   stated   w he   mount   op G ST   When   tnd   he  raecoverable   Gssets   on   ao  hich   pr  urchase   f   attnd   is   nart   ot   ecoverable   taxation   aouthority,   the  GST  iSs  tatement recognised   aaas  nd   part   of   tfhe   cost   opf  ayable   aaacquisition   of  ith   taxation   he   sset   or  as   pf   art   oincluded   f  included. the  expense   item   as   applicable;   aayables   nd   -­‐ Receivables   nd   p ayables,   w hich   re   s tated   w he   a mount   o f   G ST   ncluded. of   F inancial   P osition. The   n et   a mount   o f   G ST   r ecoverable   rom,   o r   t o,   t he   t a uthority   i s   a s   p art   o f   r eceivables   o r   p i n   t he   C onsolidated   of   Financial   Position. Receivables   a nd   p ayables,   w hich   a re   s tated   w ith   t he   a mount   o f   G ST   i ncluded.    -­‐-­‐ amount   When   t he   G ST   i ncurred   o n   a   p urchase   o f   g oods   a nd   s ervices   i s   n ot   r ecoverable   f rom   t he   t axation   a uthority,   i n   w hich   c ase   the  GST  iSSs  tatement The   net   o f   G ST   r ecoverable   f rom,   o r   p ayable   t o,   t he   t axation   a uthority   i s   i ncluded   a s   p art   o f   r eceivables   o r   p ayables   i n   t he   C onsolidated   tatement recognised   aas  nd   part   of  tfhe   cost   aacquisition   of  ith   he   asset   or  as  opf  art   f  included. the  expense   item   as  applicable;   nd Receivables   payables,   wohich   re  stated   w the   amount   GiST   The   net  amount   of  G ST   rd ecoverable   rom,   r  opf  ayable   to,  the   ttaxation   authority   s  oincluded   as  part   of  receivables   or  paayables   in  the  Consolidated  Statement of   Financial   Position. anges  in  accounting   p olicy   a nd   isclosures The   n et   a mount   o f   G ST   r ecoverable   f rom,   o r   p ayable   t o,   t he   t axation   a uthority   i s   i ncluded   a s   p art   o f   r eceivables   o r   p ayables   i n   t he   C onsolidated   Statement recognised   a s   p art   o f   t he   c ost   o f   a cquisition   o f   t he   a sset   o r   a s   p art   o f   t he   e xpense   i tem   a s   a pplicable;   a nd of   Financial   Position.   -­‐ Receivables   a nd   p ayables,   w hich   a re   s tated   w ith   t he   a mount   o f   G ST   i ncluded. The   n et   a mount   o f   G ST   r ecoverable   f rom,   o r   p ayable   t o,   t he   t axation   a uthority   i s   i ncluded   a s   p art   o f   r eceivables   o r   p ayables   i n   t he   C onsolidated   S tatement of   Financial   osition. Cash   flows   aaP iincluded   in   Statement   o C o aa    ggross   asis   aand   GST   o fflows   from  iinvesting   nd   Cash   lows   re   ncluded   n  ttahe   he   Cponsolidated   onsolidated   of   f   Cwashflows   ashflows   oan   n  uthority   ross   bST   nd  tthe   he   ST  ccoomponent   omponent   of   f  ccoash   ash   lows  aarising   rising   nvesting  Saatatement nd   of   Financial   Pre   osition.  -­‐ amount   Receivables   nd  C ayables,   wohich   are  stated   ith   the  amount   of  Gib included. The   nfet   of  GST  riecoverable   from,   r  Sptatement   ayable   to,   the   taxation   s  asis   included   as  G part   f  receivables   r  payables   in  the  fCrom   onsolidated   of   F inancial   P osition. financing   a ctivities,   w hich   i s   r ecoverable   f rom,   o r   p ayable   t o,   t he   t axation   a uthority,   a re   c lassified   a s   o perating   c ash   f lows. Cash   f lows   a re   i ncluded   i n   t he   C onsolidated   S tatement   o f   C ashflows   o n   a   g ross   b asis   a nd   t he   G ST   c omponent   o f   c ash   f lows   a rising   f rom   i nvesting   a nd   financing   a ctivities,   w hich   i s   r ecoverable   f rom,   o r   p ayable   t o,   t he   t axation   a uthority,   a re   c lassified   a s   o perating   c ash   f lows. nfet   amount   of  GaST   riecoverable   from,   or   ptatement   ayable   tto,   the   taxation  ofan   uthority   included   as  G paart   f  receivables   r  payables   in  the  fCrom   onsolidated   Cash   lows   adopted   re   included   n   the  Consolidated   Shose   of   Cpashflows   a  gross  ibs   asis   aend   the   ST   coollows:   omponent   of  coash   flows  arising   investing  Satatement nd   ccounting  The   p olicies   a re   c onsistent   w ith   t o f   he   revious   inancial   y ear   xcept   s   f of   F inancial   P osition. Cash  flows   are  included   in  its  he   Consolidated   Statement   of  Cto,   ashflows   on  a  gaross   basis  aare   nd  ctlassified   he  GST  caomponent   of  cash   cash  flows. flows  arising  from  investing  and   financing   activities,   which   recoverable   from,   or  payable   the  taxation   uthority,   s  operating   Cash   flows   aPre   included   in  its  he   Consolidated   Statement   of  Cto,   ashflows   on  a  gaross   basis  aare   nd  ctlassified   he  GST  caomponent   of  cash   cash  flows. flows  arising  from  investing  and   of   F inancial   osition. financing   a ctivities,   w hich   r ecoverable   f rom,   o r   p ayable   t he   t axation   uthority,   s   o perating   Cash   f lows   a re   i ncluded   i n   t he   C onsolidated   S tatement   o f   C ashflows   o n   a   g ross   b asis   a nd   t he   G ST   c omponent   o f   c ash   f lows   a rising   f rom   i nvesting   a nd   financing   a ctivities,   w hich   i s   r ecoverable   f rom,   o r   p ayable   t o,   t he   t axation   a uthority,   a re   c lassified   a s   o perating   c ash   f lows. Commitments   and   nd  ccw ontingencies   re  d disclosed   isclosed   nr  et   et   of   f  tthe   he  aatmount   mount   oaxation   f  G GST   ST  rrecoverable   ecoverable   from,   rom,  o or  p payable   ayable   o  tthe   he  ttaxation   axation   uthority. Commitments   ontingencies   aare   o f   tto   aauthority. financing   activities,   hich   s  he   recoverable   from,   on payable   the  to uthority,   s  operating   are  aincluded   in  Fiitinancial   Consolidated   Statement   of  Cto,   ashflows   on   a  gaaross   basis  aaafre   nd  cctlassified   he  r   GST   caaomponent   of  ccash   cash  fflows. flows   arising  from  investing  and   financing   ctivities,   w hich   s  recoverable   from,   onr  et   payable   o,   the  toaxation   uthority,   re   lassified   s  operating   ash   lows. ation  of  ACash   ASB  f1lows   0  Caonsolidated   Sdtatements. Commitments   a nd   c ontingencies   a re   isclosed   o f   t he   a mount   f   G ST   r ecoverable   f rom,   o r   p ayable   t o   t he   t axation   a uthority. Cash   flows   are  aincluded   in  its  he   Consolidated   Statement   of  aCmount   ashflows   a  rgecoverable   basis  aafre   nd   he   GpST   caomponent   f  cash   cash  flows. flows   arising  from  investing  and   Commitments   nd  contingencies   are  disclosed   et   of  the   f  o Gn   ST   rom,   or   ayable   to  the  toaxation   authority. financing   activities,   hich   recoverable   from,   on payable   o,   the  to aross   uthority,   ctlassified   s  operating   Commitments   and  cw ontingencies   are   disclosed   nr  et   of  the  atmount   oaxation   f  GST  recoverable   from,   or  payable   to  the  taxation   authority. (k) Property,   Plant   lant   nd   quipment (k) Property,   P aand   EEquipment Commitments   and  cw ontingencies   are   disclosed   nr  et   of  the  atmount   oaxation   f  GST  recoverable   fre   rom,   or  payable   to  the  taxation   authority. financing   a ctivities,   hich   i s   r ecoverable   f rom,   o p ayable   o,   t he   t a uthority,   a c lassified   a s   o perating   c ash   f lows. and  contingencies   aost   re   isclosed   of  the   amount  of  G ST  raecoverable   from,  impairment   or  payable  tlo   the  taxation  authority. Plant   nd  eequipment   quipment   s  ssPtated   tated   t  tcche   ess   ccumulated   depreciation   epreciation   nd   ny  aaccumulated   ccumulated   osses. (k) lant   Equipment dition  the  ACommitments   ssociation   hProperty,   as  adopted   aaall   nddlless   ew   nd  nnaet   mended   Australian   Accounting   Standards   and  A ASB   Interpretations  as  of  1  January  2013,   Plant   aand   iis   and   t   aaaccumulated   d aand   ny   osses. (k) Property,   Plant   nd   Equipment Commitments   and  contingencies   aost   re   isclosed   et  of  the   amount  of  G ST  raecoverable   from,  impairment   or  payable  tlo   the  taxation  authority. (k) and  equipment   Property,   Ptated   lant  aand   Equipment Plant   i s   s t   c ost   l ess   a ccumulated   d epreciation   a nd   a ny   a ccumulated   i mpairment   l osses. (k) and  equipment   Property,   Ptated   lant  aand   Equipment ing Commitments   a nd   c ontingencies   a re   d isclosed   n et   o f   t he   a mount   o f   G ST   r ecoverable   f rom,   o r   p ayable   t o   t he   t axation   authority. Plant   i s   s t   c ost   l ess   a ccumulated   d epreciation   a nd   a ny   a ccumulated   i mpairment   l osses. (k) Property,   lant   Equipment Plant   and  equipment   is  sPtated   t  traight-­‐line   cost   less  accumulated   depreciation   any   accumulated   impairment   Depreciation   s   alculated   on   n  aaaa    ssnd   basis   asis  o over   ver  tthe   he   stimated  aau und   seful   ife   of   f  tthe   he  sspecific   pecific   ssets  aas   s  llffosses. ollows:-­‐ Depreciation   iis   ccalculated   o b eestimated   seful   llife   o aassets   ollows:-­‐ Plant   and  equipment   is  sPtated   t  traight-­‐line   cost   less  accumulated   depreciation   nd   any   accumulated   impairment   osses. (k) Property,   lant   a nd   E quipment Plant  and  equipment   is  stated   t  traight-­‐line   cost  less  accumulated   depreciation   any   accumulated   impairment   Depreciation   is   calculated   on  aa  snd   basis  over  the   estimated  aund   seful   life   of  the  specific   assets  as  lfosses. ollows:-­‐ (k) Property,   lant   Equipment Depreciation   is   calculated   on   aa  st  traight-­‐line   basis  over  the   estimated  aund   seful   life   of  the  specific   assets  as  lfosses. ollows:-­‐ Plant  and  equipment   is  sPtated   cost   less  accumulated   depreciation   any   accumulated   impairment   ence Title Summary Depreciation   is  calculated   on   a  straight-­‐line   basis  over  the   estimated  useful   life   of  the  specific   assets  a2014 s  follows:-­‐ 2014 2013 2013 Depreciation   i s   c alculated   o n   a   s traight-­‐line   b asis   o ver   t he   e stimated   u seful   l ife   o f   t he   s pecific   a ssets   a s   f ollows:-­‐ Plant   a nd   e quipment   i s   s tated   a t   c ost   l ess   a ccumulated   d epreciation   a nd   a ny   a ccumulated   i mpairment   l osses. Depreciation   calculated   on   a  straight-­‐line   basis  over   estimated   seful   life  of  the   specific   assets   ay2014 s  ears ftollows:-­‐ aand   ffittings 2   tto   1 0   2   tto   1 ears 13 Fair   Value   is  Furniture   AASB   13  establishes   a  sthe   ingle   source  uo f  guidance   for   determining   he  fair  value   o0   f  yya2013 ssets  and  liabilities.  AASB  13  does  no Furniture   nd   ittings 2   o   1 0   y ears 2   o   1 0   ears 2014 2013 Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  a2014 s  follows:-­‐ 2013 Leasehold   i mprovements the   l ease   t erm the   l ease   t erm Furniture   a nd   f ittings 2   t o   1 0   y ears 2   t o   1 0   y ears Leasehold   i mprovements the   l ease   t erm the   l ease   t erm 2013 Measurement required   to  use   fair   value,   ut  rather,   provides   guidance   ow   tollows:-­‐ o  determine   f0   air   value  when  fair  value  is  required  or   Depreciation  is   calculated   on   a  straight-­‐line   basis   over   the  ebstimated   useful   life  of  the   specific  2   aossets   ay2014 s   f Furniture   and   fittings tn   o  1h0   ears 2   t o   1 y ears Furniture   aind   fittings 2  tlo   17   0  yyy2014 ears 2  tlo   17   0  yyy2013 ears Motor   vvehicles Leasehold   mprovements the   ease   tears erm the   ease   tears erm Motor   ehicles Furniture   aind   fittings 2  tlo   17   0   f2014 2  tlo   1a7   0  ssets.   Leasehold   mprovements the   ease   tears ermthe  relevant   the   ease   tears erm Consequential  amendments  wer definition   m ay   r esult   i n   d ifferent   f air   v alues   b eing   d etermined   or   2013 Furniture   a nd   f ittings 2   t o   1 0   y ears 2   t o   1 0   y ears Leasehold   the   ease   erm the   ease   erm Plant   aand   eimprovements quipment 2   tlo   1 5   2   tlo   1 5   Motor   vehicles 7   yttears 7   yttears Plant   nd   quipment 2   1 5   ears 2   1 5   ears Leasehold   mprovements the   ease   erm the   ease   erm Motor   vehicles Furniture   aeiind   fittings 2  ttllo   o   17   0  yyyy2014 ears 2  ttllo   o   17   0  yyyy2013 ears via   AASB  2011-­‐8. Leasehold   mprovements the   ease   tears erm the   ease   tears erm Motor   vehicles 7   ears 7   ears Website   i nfrastructure 3   y ears 3   y ears Plant   a nd   e quipment 2   t o   1 5   2   t o   1 5   Website   i nfrastructure 3   y ears 3   y ears Motor   v ehicles 7   7   Furniture   aeind   fittings 2  tlo   17   0   2  tlo   17   0   Plant   and   quipment 5  yytears ears 5  yytears ears Leasehold   mprovements the   ease   erm the   ease   erm Motor   v ehicles Plant  and  infrastructure equipment 2  to  13   5  years 2  to  13   5  years Website   There   w as   n o   i mpact   o f   a dopting   t his   s tandard. Plant   and   eimprovements quipment 2  tlo   13   5  yyytears ears 2  tlo   13   5  yyytears ears Leasehold   the   ease   erm the   ease   erm Website   infrastructure Motor   vehicles 7   ears 7   ears Plant   a nd   e quipment 2   t o   1 5   2   t o   1 5   Website   i nfrastructure 3   y ears 3   y ears The  aassets'   ssets'  Brresidual   esidual   alues,   uThe   seful  revised   ives  aand   nd   mortisation   methods   ethods   re   eviewed  aaond   nd   djusted  iif   f  aappropriate,   ppropriate,   t  enefits.   ach  ffinancial   inancial   ear   nd. between  short-­‐term  and The   vvalues,   u seful   llives   aamortisation   m aare   rreviewed   aahort-­‐term   djusted   aabt   eeach   yyear   eend. Website   infrastructure 3   yyears 3   yyears 2011-­‐4 Employee   enefits s tandard   c hanges   t he   d efinition   f   s e mployee   T he   istinction   Motor   v ehicles 7   7   Plant   a nd   e quipment 2   t o   1 5   ears 2   t o   1 5   ears Website   infrastructure 3   3   dyear   The  assets'  residual   values,   useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  2   if  tao   ppropriate,   at  each  2  ftinancial   end. Plant   a nd   e quipment 1 5   y ears o   1 5   y ears The  assets'  residual   v alues,   u seful   l ives   a nd   a mortisation   m ethods   a re   r eviewed   a nd   a djusted   i f   a ppropriate,   a t   e ach   f inancial   y ear   e nd. now   based  on  mwethods   hether   the   benefits   expected   to  years be  settled   wfholly   ithin   2  months  after  the  reporting Website   infrastructure 3   3  yw ears The  assets'  residual   values,   ubenefits   seful  lives  is   and   amortisation   are   reviewed   and  aare   djusted   if  appropriate,   at  each   inancial   year  e1nd. The  assets'  residual   values,   u2014 seful  lives   and  amortisation   methods  are  reviewed  and  adjusted  if  appropriate,   at  each  financial   year  end. 54 RUGBYWA ANNUAL REPORT Website   i nfrastructure 3   y ears 3   y ears ere  also  m to  aore   ther   standards   via  AASB   2011-­‐0.   at  each  financial  year  end. The  assets'  residual  values,  uamendments   seful  lives  and  aw mortisation   made   ethods   reviewed   and  adjusted   if  appropriate,  


WESTERN WESTERN  A AUSTRALIAN   USTRALIAN  R RUGBY   UGBY  U UNION   NION  ((INC.) INC.) WESTERN   AINANCIAL   USTRALIAN   RUGBY  UNION   NOTES   T O   T HE   F S TATEMENTS   FOR  ((INC.) THE  YEAR WESTERN  AUSTRALIAN  RUGBY  UNION   INC.) NOTES   TTO   FFAINANCIAL   SSTATEMENTS   FFOR   TTHE   WESTERN   USTRALIAN   RUGBY  2U014 NION   ENDED   31  DECEMBER   NOTES   O  TTHE   HE   INANCIAL   TATEMENTS   OR  ((INC.) HE  Y YEAR EAR WESTERN   A USTRALIAN   R UGBY   U NION   INC.) NOTES   TO  THE   FAINANCIAL   STATEMENTS   FOR  (INC.) THE  YEAR ENDED   3 1   D ECEMBER   WESTERN   USTRALIAN   RUGBY  2 U014 NION   ENDED   3 1   D ECEMBER   2 014 NOTES  TO  ATUSTRALIAN   HE   F INANCIAL   S TATEMENTS   F OR   T HE   Y WESTERN   R UGBY   U NION   ( INC.) ENDED   31  DECEMBER   2014FOR  THE  YEAR NOTES  TO  THE   FINANCIAL   STATEMENTS   EAR (i) Impairment ENDED   31  DECEMBER   2014FOR  THE  YEAR NOTES   T O   T HE   F INANCIAL   S TATEMENTS   (i) Impairment ENDED   3 1   D ECEMBER   2 014 NOTES   T O   T HE   F INANCIAL   S TATEMENTS   F OR   T HE   Y EAR in  circumstances  indicate  that  the  carrying The   c arrying   v alues   o f   p roperty,   p lant   a nd   e quipment   a re   r eviewed   f or   i mpairment   w henever   e vents   o r   c hanges   (i) Impairment 31   DECEMBER   2014 (i) Impairment The   ccarrying   vvnalues   o f   p roperty,   p lant   aand   eequipment   aas   rrT eviewed   fENDED   or  tiimpairment   w henever   vents   o r   cY hanges   ccircumstances   ndicate   tthat   ccarrying NOTES   Tre   O   HE  FINANCIAL   STATEMENTS   FeeOR   THE   EAR aiin   ENDED   3mount   1   DECEMBER   2014 amount   m ay   ot   b e   r ecoverable.     A n   i mpairment   l oss   i r ecognised   f or   he   a b y   w hich   t he   a sset's   c arrying   mount   exceeds  iiits   recoverable   amount. The   arrying   alues   o f   p roperty,   p lant   nd   quipment   re   eviewed   mpairment   w henever   vents   o r   hanges   n   ircumstances   ndicate   hat  tthe   he   arrying (i) Impairment The   crecoverable   arrying   vnalues   orf   property,   pigher   lant   aond   equipment   as  vre   reviewed   i3o   mpairment   wy  henever   events   or  carrying   hanges  ain   circumstances   its   ndicate   that  the   carrying amount   m ay   ot   b e   ecoverable.     A n   i mpairment   l oss   i r ecognised   f or   t he   a mount   b w hich   t he   a sset's   mount   e xceeds   i r ecoverable   a mount. (i) Impairment ENDED   1   D ECEMBER   2 014 The   a mount   i s   t he   h f   a n   a sset's   f air   alue   l ess   c osts   t s ell   a nd   v alue   i n   u se. amount   may  vnalues   ot  be  orf   ecoverable.    lant   An  impairment   loss  ias  re   recognised   ffor   he  amount  bwy  henever   which  the   asset's   ccarrying   ain   mount   exceeds  iits   recoverable   amount. The   c arrying   p roperty,   p a nd   e quipment   r eviewed   or   i mpairment   e vents   o r   hanges   c ircumstances   ndicate   t hat   t he   c arrying (i) Impairment amount   may  vnalues   ot  abmount   e  orf   ecoverable.    lant   An  impairment   loss   is  ralue   ecognised   ffor   he   amount   bwy  henever   wihich   the   asset's   mount   exceeds  iits   recoverable   amount. The   iis   igher   f   aasset's   ffair   lless   ssell   aand   n   arrying   property,   ao equipment   reviewed   or  ttio   mpairment   events   or  ccarrying   hanges  ain   circumstances   ndicate   that  the   carrying (i) rrcecoverable   Impairment The   ecoverable   abmount   s  tthe   he  h hp igher   ond   f  aan   n   sset's   air  iaas  vvre   alue   ess  ccosts   osts   o   ell   nd  vvalue   alue   ihich   n  u use. se. amount   m ay   n ot   e   r ecoverable.     A n   i mpairment   l oss   r ecognised   f or   t he   a mount   b y   w t he   a sset's   c arrying   a mount   e xceeds   i ts   r ecoverable   a mount. The   c arrying   v alues   o f   p roperty,   p lant   a nd   e quipment   re   r eviewed   i mpairment   w henever   e vents   o r   hanges   i n   c ircumstances   i ndicate   t hat   t he   c arrying The   rcecoverable   is  the   hpigher   f  an   asset's   fair  ias  vre   less  costs   sell   and  value   n  use. amount   may  vnalues   ot  abmount   e  orf   ecoverable.    lant   n  impairment   loss   ralue   ecognised   for  ttio   he   amount   bwy  henever   wihich   the   asset's   mount   exceeds  iits   recoverable   amount. The   arrying   aoP nd   equipment   reviewed   mpairment   events   or  carrying   hanges  ain   circumstances   ndicate   that  the   carrying (ii) Derecognition   and   dA isposals TATEMENT   OF   SIGNIFICANT   Aproperty,   CCOUNTING   The   recoverable   abmount   is  the   higher   of  OLICIES an  asset's   fair  is  vralue   less  costs   to   sell   and  value   ihich   n  use. amount   m ay   n ot   e   r ecoverable.     A n   i mpairment   l oss   ecognised   f or   he   a mount   b y   w t he   a sset's   c arrying   a mount   e xceeds   i ts   r ecoverable   a mount. (ii) a The   recoverable   is  atnd   he   igher   of  an  is  adsset's   fair  is  vralue   less  dcisposal   osts   sr   ell   ahen   nd  vnalue   n  use. amount   m nDerecognition   ot  abmount   e  rpecoverable.    d n  impairment   loss   ecognised   for  to   he   aw mount   by  further   wihich   tfuture   he  asset's   carrying   amount   exceeds   its  frrom   ecoverable   An   of  ay   property,   lant   eh quipment   erecognised   upon   o   economic   benefits   are   expected   its  use  oar  mount. disposal. (ii) item   Derecognition   and   nd   dAisposals isposals The   recoverable   amount   is  atnd   he   igher   of  an  is  adsset's   fair  value   less  dcisposal   osts  to  o sr   ell   ahen   nd  vnalue   in  use. (ii) Derecognition   and   disposals An   iitem   o f   p roperty,   p lant   eeh erecognised   u pon   w o   ffurther   ffuture   eeconomic   b enefits   aare   eexpected   ffrom   iits   u se   o r   disposal. The   recoverable   amount   is  atnd   he   hquipment   igher   of  an  is  adsset's   fair  value   less  dcisposal   osts  to  o sr   ell   ahen   nd  vnalue   in  use. An   tem   o f   p roperty,   p lant   quipment   erecognised   u pon   o w o   urther   uture   conomic   b enefits   re   xpected   rom   ts   u se   o r   isposal. (ii) item   Derecognition   and   disposalsis  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  d Basis   of  ooPf  r  reparation An   plroperty,   plant   aerecognition   nd   equipment   disposal. (ii) Derecognition   and   disposals Any   g ain   oss   a rising   o n   d o f   t he   a sset   ( calculated   a s   t he   d ifference   b etween   t he   n et   d isposal   p roceeds   a nd   t he   c arrying   a mount   o f   t he   asset) An   item  of  property,   plant  and   equipment   is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal. (ii) Derecognition   a nd   d isposals consolidated   fgginancial   rrofit   eport   ioss   s   a  ddaign   eneral   purpose   financial   report,   w been   pfurther   repared   in   addeccordance   with  aatand   he   fxpected   inancial   reporting   Any   ain   llroperty,   oss   aarising   o n   erecognition   o f   tthe   aais  sset   ((calculated   s   tthich   he   d ifference   etween   tthe   n et   isposal   p roceeds   ccarrying   aamount   o f   he   aasset) An   item   oo f  r   pin   pr  lant   nd   equipment   is   derecognised   upon  daaisposal   ohr  as   when   nb o   future   conomic   benefits   re  ttehe   from   its  use   orttr  equirements disposal. (ii) Derecognition   ahe   nd   dear   isposals is   i ncluded   p o l t y t he   a sset   d erecognised. Any   ain   o r   oss   rising   o n   erecognition   o f   he   sset   calculated   s   he   d ifference   b etween   he   n et   isposal   p roceeds   nd   he   arrying   mount   o f   he   sset) An   item   oof  r  pin   pr  lant   nd   equipment   derecognised   upon  daisposal   or  when  nbo   further  the   future   conomic   benefits  aand   re  tehe   xpected   from   its  use   disposal. Any   gain   lroperty,   oss   arising   oct   n  daao erecognition   oaustralia   f  iis   the   ais  sset   (calculated   s  the   difference   etween   nnd   et  deeoisposal   puthorative   roceeds   carrying   amount   of  f  o tr   he   asset) is   i ncluded   p rofit   o l oss   i n   t he   y ear   t he   sset   d erecognised. An   i tem   o f   p roperty,   p lant   nd   e quipment   s   d erecognised   u pon   d isposal   o r   w hen   n o   f urther   f uture   conomic   b enefits   a re   e xpected   f rom   i ts   u se   o r   d isposal. e  Associations   I ncorporation   A f   W estern   A a nd   A ustralian   A ccounting   S tandards   a ther   a p ronouncements   o t he   A ustralian is  included   in   profit   or  loss   in   the  year  the  oaf  sset   is  sset   derecognised. Any   g ain   o r   l oss   a rising   o n   d erecognition   t he   a ( calculated   a s   t he   d ifference   b etween   t he   n et   d isposal   p roceeds   a nd   t he   c arrying   a mount   o f   t he   a sset) is   included   in   pTrade   rofit   oar  nd   loss   in   the   year  the  oaf  sset   derecognised. Any   gain  a or   loss   arising   on   dther   erecognition   the  ais  sset   (calculated   australian   s  the  difference   between   the  net  disposal   proceeds   and  the  crarrying   amount   of   teen   he  asset) (l) O P ayables unting  Standards   nd   o ther   a uthorative   p ronouncements   o f   t he   A A ccounting   S tandards   B oard.     T he   f inancial   eport   h as   a lso   b p repared is   included   profit   or  loss   in   the  year  the  oaf  sset   derecognised. Any   gain  or  in   loss   arising   on   dther   erecognition   the  ais  sset   (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset) (l) Trade   nd   O P ayables included   phe   rofit   oaar  ther   loss   iayables   n   the   year   tphe   dmortized   erecognised. Any   gb ain   or  in   loss   and   rising   on   dther   erecognition   oaf  sset   the  aait  s  sset   (A calculated   as   tollars. he   difference   between   the   net  adnd   isposal   proceeds   and  tto  he   carrying   amount   of  tto   he   asset) Trade   p ayables   a p a re   c arried   a c ost   nd   r epresent   l iabilities   f or   g oods   s ervices   p rovided   t he   A ssociation   p rior   t he   e nd (l) Trade   nd   O P ayables historical  is   c(l) ost   asis.   T f inancial   r eport   i s   resented   i n   ustralian   d is   included   in  pTrade   rofit   oar  ther   loss   iayables   n  the   year   the   asset  ait  s  admortized   erecognised. nd   ther   Payables Trade   ayables   nd   p aaare   ccarried   ccost   epresent   lliabilities   ffor   ggoods   aand   sservices   tto   he   is   itncluded   in  profit   loss   iayables   n  uthe   year   the   asset   erecognised. of   he  p yaaear   aO npaid   nd   arise   waihen   the  Association   obliged   to  m ake   future   payments   respect  ttoo   he  A urchase  of  p hese   Trade   pfinancial   ayables   nd  ootar  hat   ther   pre   re   arried   t  s  admortized   ost  aand   nd  brrecomes   epresent   iabilities   or   oods   nd   ervices  ip pn  rovided   rovided   o  f  ttthe   he   Apssociation   ssociation   ptrior   rior   o  gttoods he  eend nd (l) Trade   nd   O ther   P ayables Trade   pfinancial   ayables   nd  ao ther   ayables   aare   carried   at  re   amortized   cost  waithin   nd  brecomes   epresent   lf  iabilities   for   goods   and   services  ipn  rovided   to  f  tthe   Association   prior   to  gtoods he  end of   tthe   ear   ttahat   npaid   nd   aarise   w he   tto   ake   ffuture   p rrespect   he   urchase   hese   (l) nd  aaOpre   ther   Puayables  Trade   and   services.    Trade   Tyyaahe   mounts   au nsecured   and   uttsually   paid   30  days  o recognition. of   he   financial   ear   hat   re   ure   npaid   are   nd   rise   waahen   hen   he  A Association   ssociation   brecomes   oobliged   bliged   o  m m ake   uture   payments   ayments   ipn  rovided   espect  to oo  f  tthe   he  Ap pssociation   urchase  o of   f  pttrior   hese   gtoods p ayables   nd   o ther   p ayables   a c arried   t   a mortized   c ost   a nd   epresent   l iabilities   f or   g oods   a nd   s ervices   t o   he   e nd (l) Trade   a nd   O ther   P ayables  Management the   ear   tahat   npaid   nd   arise   waahen   the  Association   obliged   to  m ake   future   payments   respect  too  f  tthe   he  Apssociation   urchase  of  ptrior   hese    of   sservices.      Trade   TTyahe   mounts   aaure   nsecured   aand   u p 3 rrecognition. Trade   pfinancial   ayables   nd  aao ther   ayables   aare   carried   t  re   amortized   cost  w aithin   nd  brecomes   epresent   lf   iabilities   for   goods   and   services  ipn  rovided   to  gtoods he  end (l) nd  aOpre   ther   Pu  aand   nd   ervices.   mounts   uayables nsecured   nd   utsually   sually   paid   aid   30   0  d days   ays  oo obliged   ecognition. of   the   yahe   ear   that   apre   ure   npaid   nd   aorise   waaahen   he  Association   brecomes   tao    nm ake   future   ppayments   r$ espect   he  A(p2013:   urchase   of  ptrior   hese   Trade   pfainancial   ayables   nd  ao ther   ayables   aare   carried   t  re   amortized   cost  w aithin   nd   epresent   lf   iabilities   fet   or   gliability   oods   and   services  io pn  rovided   too  f  tthe   ssociation   to  gtoods he  aes  nd  of   a nd   s ervices.     T he   mounts   a re   u nsecured   a nd   re   u sually   p aid   w ithin   3 0   d ays   o f   r ecognition. Association   h as     n et   c urrent   l iability   p osition   f   $ 2,388,253   ( 2013:   $ 1,364,598)   a nd   osition   f   2,584,289   $ 1,982,088)   at the  pfinancial   yaear   unpaid  aare   nd   arise  wahen   the  Association   obliged   to  m ake   future   payments   respect  too  f  tthe   he  Apssociation   urchase  of  ptrior   hese   Trade   ayables   nd  othat   ther  apre   ayables   carried   t  amortized   cost  and  brecomes   epresent   liabilities   for   goods   and   services  ipn  rovided   to  gtoods he  end (m)  of   and   services.    Provisions Tyhe   amounts   unsecured   and   re  utsually   paid  within   30  days  oobliged   f  recognition. the   financial   ear   that  are  aure   npaid   and  arise   wahen   he  Association   becomes   to  make  future  payments  in  respect  of  the  purchase  of  these  goods Provisions  of   a nd   s ervices.     T he   a mounts   a re   u nsecured   a nd   a re   u sually   p aid   w ithin   3 0   d ays   o f   r ecognition. t he   f inancial   y ear   t hat   a re   u npaid   a nd   a rise   w hen   t he   A ssociation   b ecomes   o bliged   t o   m ake   f uture   p ayments   i n   r espect   o f   t he   p urchase   o f   t hese   g oods ecember  2(m) 014   a nd   a   n et   d eficit   f or   t he   y ear   o f   $ 602,201   ( 2013:   $ 1,160,490) Provisions   are    Provisions rTecognised   when   Association   as  uasually    legal  poaid   r  constructive   bligation   to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  a (m)  Provisions   and  services.   he  amounts   are  utthe   nsecured   and  ah re   within  30  do ays   of  recognition. (m) Provisions aare   rrTecognised   w ssociation   as   aasually      robable   llegal   r   onstructive   bligation   m uture   ssacrifice   f   tto   ther   aa ade  result   and  services.   he  amounts   uthe   nsecured   and  aih re   within   30  do of  recognition. of  past   ransactions   ohen   r  aore   ther   pA events,   is  up a  future   acrifice   of  tto   economic   enefit   will  be  ro and  b  reliable   can  baae  s   Provisions   re  t  Provisions ecognised   w hen   he   Aast   ssociation   ht   as   egal  po oaid   r  tcchat   onstructive   osays   bligation   o   make   ake  aa    ffb uture   acrifice   oequired   f  eeconomic   conomic   baenefit   enefit   o  eo ostimate   ther  eentities   ntities   s  m (m) Provisions   are  tProvisions recognised   w hen   the  pAast   ssociation   as   a  robable   legal  or  tchat   onstructive   osacrifice   bligation   to   make  a  fb uture   sacrifice   f  economic   baenefit   to  eostimate   ther  entities   ae  s  m a ade result   o f   p ast   ransactions   o r   o ther   eevents,   iiht   iis   p aa    ffuture   o f   eeconomic   enefit   w ill   b e   rroequired   aand      rreliable   ccan   b (m) of   t he   a mounts   o f   t he   o bligations. result   o f   p ast   t ransactions   o r   o ther   p ast   vents,   t   s   p robable   t hat   uture   s acrifice   o f   conomic   b enefit   w ill   b e   equired   nd   a eliable   e stimate   an   b e   m consolidated   f inancial   r eport   h as   b een   p repared   o n   a   g oing   c oncern   b asis.   I n   a rriving   a t   t his   p osition   t he   d irectors   h ave   h ad   r egard   t o   t he   f act   hat Provisions   are  tProvisions recognised  w the  pAast   ssociation   a  robable   legal  or  tchat   onstructive   bligation   make  a  fb uture   sacrifice   f  economic   to  eostimate   ther  entities   a tade (m) result   oaf  mounts   past   ransactions   ohen   r  other   events,  ih t  as   is  p a  future  o sacrifice   of  tto   economic   enefit   will  be  ro equired   and  b aenefit    reliable   can  baae  s   m of   t he   o f   t he   o bligations. Provisions   a re   r ecognised   w hen   t he   A ssociation   h as   a   l egal   o r   c onstructive   o bligation   o   m ake   a   f uture   s acrifice   o f   e conomic   b enefit   t o   o ther   e ntities   s   a ade (m) Provisions of  htas,   he  oaof  mounts   of  dtirectors’   he  obligations. result   p ast   t ransactions   o r   ther   p ast   e vents,   i t   i s   p robable   t hat   a   f uture   s acrifice   o f   e conomic   b enefit   w ill   b e   r equired   a nd   a   r eliable   e stimate   c an   b e   m ade Provisions   a re   r ecognised   w hen   t he   A ssociation   h as   a   l egal   o r   c onstructive   o bligation   t o   m ake   a   f uture   s acrifice   o f   e conomic   b enefit   t o   o ther   e ntities   a s   a Association   r   i n   t he   o pinion   w ill   h ave   a ccess   t o,   s ufficient   c ash   t o   f und   a dministrative   a nd   o ther   c ommitted   e xpenditure   f or   a   p eriod of   the  oathe   of  the  o bligations. result   f  mounts   past   ohen   r  other   iht  as   is  p a  future  osfor   acrifice   of  to   economic   enefit   will  be  roequired   and  baenefit    reliable   can  abs  ae   Provisions   re  transactions   recognised   w the  pAast   a  robable   legal   onstructive   bligation   make    fb uture   sacrifice   f  tehe   conomic   to  eorstimate   ther   entities   a ade When   Aassociation   expects   some   ossociation   r  aeell  vents,   of  a  provision   to  o br   e  ttcrhat   eimbursed,   an  example   an  iansurance   reimbursement   ecognised   as  m of   he   of  the   o bligations. result   f  mounts   past   transactions   r  other   ast   vents,   it  is  probable   a  future  sfor   acrifice   of  economic   benefit  ccwontract,   ill  be  required   and  a  reliable  iis   erstimate   can  abs  e   ade t  less  than   1tt2   mooaathe   onths   from   the   dooate   o f  tpphis   When   A ssociation   e xpects   sshe   ome   o r   aareeport.   ll   o f   aa    p rovision   tto   b e   rrhat   eimbursed,   aan   eerxample   aato   n   iiansurance   tthe   rreimbursement   s   ecognised   aa m of   he   mounts   o f   t he   o bligations. result   f   p ast   t ransactions   r  otther   ast   vents,   it  is  pvirtually   robable   tertain.   hat   a  future   sfxpense   acrifice   of  economic   bpenefit   wontract,   ill  is   be   required   an  nd   a  rCeliable   erstimate   can  abs  e   m separate   a sset   b ut   o nly   w hen   r eimbursement   c   T he   e elating   ny   rovision   p resented   i t he   onsolidated   S tatement   o f  ade When   t he   A ssociation   e xpects   ome   o r   ll   o f   p rovision   o   b e   eimbursed,   or   n   xample   n   nsurance   c ontract,   he   eimbursement   i s   ecognised   of   t he   a mounts   o f   t he   o bligations. When   t he   A ssociation   e xpects   s ome   o r   a ll   o f   a   p rovision   t o   b e   r eimbursed,   f or   a n   e xample   a n   i nsurance   c ontract,   t he   r eimbursement   i s   r ecognised   a s   a separate   asset   b nly   w hen   iis   ccertain.      TThe   relating   any   iis   iin   SStatement   of   of   the  amounts   f  to obligations. Comprehensive   ncome   net   of  ttsahe   ny  rreimbursement   reimbursement. separate   sset   boIut   ut   ohe   nly   w hen   he   eimbursement   s  vvirtually   irtually   ertain.   he  eexpense   xpense   elating  atto   o   ny  p provision   rovision   s  p presented   resented   n  tthe   he  C Consolidated   onsolidated   tatement   f   When   the  aaA ssociation   expects   ome   or  all  of  a  provision   to  be   reimbursed,   or  an  errxample   n  iaansurance   contract,   the  reimbursement   is  recognised   as  a o separate   bIut   only   w hen   tsahe   reimbursement   is  virtually   certain.    The  effxpense   elating  ato   ny  provision   is  presented   in  the  Consolidated   Statement   ncome   n et   o ny   rreimbursement. When   ome   or  all  co f  a  provision   to   be   rfeimbursed,   or  an  example   n  insurance   contract,   the  reimbursement   is  recognised   as  a of   rming  this  Comprehensive   view  tthe   he  Asset   dssociation   irectors   hexpects   ave   tf  f  aken   into   onsideration   the   ollowing. Comprehensive   I ncome   n et   o a ny   eimbursement. separate   a sset   b ut   o nly   w hen   t he   r eimbursement   i s   v irtually   c ertain.     T he   e xpense   r elating   t o   a ny   p rovision   i s   p resented   i n   t he   C onsolidated   S tatement   o f   When   t he   A ssociation   e xpects   s ome   o r   a ll   o f   a   p rovision   t o   b e   r eimbursed,   f or   a n   e xample   a n   i nsurance   c ontract,   t he   r eimbursement   i s   r ecognised   a s   a Comprehensive   Iut   ncome   et   of  otsahe   ny   reimbursement. separate   sset   nly   w hen   eimbursement   is  pvrovisions   irtually   certain.    The  efxpense   elating   ny  provision   is  prresented   in  rtisks   he  Csonsolidated   Statement   When   he  aA ssociation   expects   or  ais   ll  m of  aterial,   a  provision   to  be   raeimbursed,   or  uasing   n  erxample   ato   n  iansurance   contract,   the  reimbursement   is  tro   ecognised   as  a of   If   the  etffect   of  tb to vn f  ome   mrroney   re  discounted   a  current   rate   that   eflects   the   pecific   the   liability. Comprehensive   Iut   ncome   nalue   et   of  tahe   ny   reimbursement. separate   asset   bhe   oime   nly  w hen   eimbursement   is  pvrovisions   irtually  certain.    The  expense   relating   to  p are-­‐tax   ny  provision   is  prresented   in  rtisks   he  Csonsolidated   Statement   of   If   t he   e ffect   o f   t he   t ime   v alue   o f   m oney   i s   m aterial,   a re   d iscounted   u sing   a   c urrent   p re-­‐tax   r ate   t hat   eflects   t he   pecific   t o   t he   l iability. Comprehensive   Iut   ncome   et   of  otahe   ny   reimbursement. separate   asset   nly  w hen   eimbursement   irtually   certain.    The  e$xpense   to  pare-­‐tax   ny   provision   s  prresented   in  rtisks   he   Csonsolidated   Statement   of   If   the   effect   of   tbhe   toime   vn mroney   is  material,   are  (d2013:   iscounted   using  relating   a  current   rate   eflects   pecific   to  the   liability. luded  within   current   liabilities   ialue   s   revenue   ois   f  pv$rovisions   3,191,020   2,765,922)   which   does   not  that   riequire   a  cthe   ash   outlay.    Excluding   the  unearned Comprehensive   Income   et  uonearned   f  af  ny   reimbursement. If   the  edffect   of  the   ts   ime   vn money   in   s  m aterial,   provisions   atre   dpiscounted   u sing  is   a  rcecognised   urrent  pre-­‐tax   rate   that  reflects   the  risks  specific  to  the  liability. Comprehensive   Income   nalue   et   of  oiaf  ncrease   ny   reimbursement. When   iscounting   i u sed,   t he   i t he   p rovision   d ue   t o   he   assage   o f   t ime   a s   a   b orrowing   c ost. If   t he   e ffect   o f   t he   t ime   v alue   o f   m oney   i s   m aterial,   p rovisions   a re   d iscounted   u sing   a   c urrent   p re-­‐tax   r ate   t hat   r eflects   t he   r isks   s pecific   t o   t he   l iability. venue  in  aWhen    liquidity   analysis   aus   at  3the   1  Dincrease   ecember  the   2014,   the  Adssociation   has  a  nf  et   current   asset  paosition   of  $802,767; iscounting   p he   piscounted   assage   ttime   orrowing   ccost. If   the  ed ffect   of  the  iits   ime   value   f  money  iiin   s  m aterial,   provisions   sing  iis   a  rrcecognised   urrent  pre-­‐tax   that  reflects   specific  to  the  liability. When   iscounting   used,   sed,   the  o the   provision   rovision   due   ue  tto   o  aattre   he  d assage  o of  u ime   as   s  aa    b brrate   orrowing   ost. the  rrisks   If   the  ed ffect   of  the  its   ime   value   oiif  ncrease   money  iin   s  m aterial,   provisions   re   dp iscounted   u sing  is   a  rcecognised   urrent  pre-­‐tax   ate   that  reflects   isks  specific  to  the  liability. When   d iscounting   s   u sed,   t he   ncrease   n   t he   p rovision   d ue   t o   t he   p assage   o f   t ime   s   ecognised   a s   a   b orrowing   cost. tthe   If   t he   e ffect   o f   t he   t ime   v alue   o f   m oney   i s   m aterial,   p rovisions   a re   d iscounted   u sing   a   c urrent   p re-­‐tax   r ate   t hat  reflects   he  risks  specific  to  the  liability. (n) Employee   l eave   b enefits When  discounting   is  used,   the   ncrease   in  A   the   provision  due  wto   the   time  is  recognised   a  borrowing   ost. for  the  original  stadium  development  going  discussions   have   been   eld   wiiith   the  leave   W gaovernment   ith   a  ppvassage   iew  to  oorf  f  enegotiating   the  aats   erms   of  the  ccloan   (n) Employee   lleave   bancrease   enefits When   discounting   is  used,   the   in  the   provision   due  to   the   assage   time  is  recognised   s   a  borrowing   ost. (i) Wages,   sh alaries,   nnual   nd   sick  leave (n) Employee   eave   enefits When   discounting   is  used,   the  ib ncrease   in  the   provision   due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost. (n) Employee   l eave   b enefits (i) Wages,   s alaries,   a nnual   l eave   a nd   s ick   l eave rrying  value   of  $discounting   1,126,327   s  sed,   ast  alaries,   3the   1  Diancrease   ecember   014);   When   is  a und   in  t2he   provision   due   to  the  apnd   assage   of  tlime   is  erxpected   ecognised   abs   as  ettled   borrowing   cost. Liabilities   f or   w ages   a i ncluding   n on-­‐monetary   b enefits   a nnual   eave   t o   e   w ithin   12  months  of  the  reporting  date  are   (i) Wages,   s alaries,   nnual   l eave   a nd   s ick   l eave (n) Employee   leave  baenefits (i) Wages,   salaries,   nnual   leave   and   sick  leave Liabilities   ffor   w ages   aamployee   nd   sslalaries,   iincluding   n on-­‐monetary   b enefits   aand   aannual   llp   eave   eexpected   tto   b e   ssettled   w ithin   1 2   f   rreporting   d (n) Employee   eave  Ebntitlements   enefits recognised   i n   o ther   E i n   r espect   o f   e mployees'   s ervices   u t o   t he   r eporting   d ate.     T hey   a re   m at  o amounts   expected   to  be   Liabilities   or   w ages   nd   alaries,   ncluding   n on-­‐monetary   b enefits   nd   nnual   eave   xpected   o   b e   ettled   w ithin   1easured   2  m months   onths   othe   f  tthe   he   eporting   date   ate  aare   re   (i) Wages,   s alaries,   a nnual   l eave   a nd   s ick   l eave (n) eave  Ebntitlements   enefits Liabilities   for   woEmployee   ages   nd   sllalaries,   including   nion-­‐monetary   enefits  and   annual  ulp   eave   expected   to  bde   settled   waithin   1easured   2  months   othe   f  the   reporting   date  are   recognised   iihe   n   ther   EEamployee   n   rrespect   o f   eebmployees'   sservices   tto   tthe   rreporting   ate.      TThey   re   m aat   aamounts   eexpected   tto   (i) Wages,   s alaries,   a nnual   l eave   a nd   s ick   l eave (n) Employee   eave   b enefits paid   w hen   t l iabilities   a re   s ettled. recognised   n   o ther   mployee   E ntitlements   i n   espect   o f   mployees'   ervices   u p   o   he   eporting   d ate.   hey   a re   m easured   t   t he   mounts   xpected   o  b be   e   reement  hLiabilities   as  been  fm ade   for   asn   ialaries,   nterest   free   short   term   leave oan  benefits   to  underpin   the  2leave   015  ecxpected   ashflow; or   w ages   a nd   s i ncluding   n on-­‐monetary   a nd   a nnual   t o   b e   s ettled   w ithin   1 2   m onths   o f   t he   r eporting   d ate   a re   (i) Wages,   alaries,   a nnual   l eave   a nd   s ick   l recognised   n  woWages,   ther   Eamployee   Eantitlements   n   respect   of  ebmployees'   services   to  the   reporting   ate.    They   re  m1easured   at  othe   amounts   expected   to  be   paid   w hen   ttihe   llages   iabilities   aasalaries,   re   ssettled. Liabilities   for   nd   including   nion-­‐monetary   enefits  and   annual  ulp   eave   expected   to  bde   settled   waithin   2  months   f  the   reporting   date  are   (i) salaries,   nnual   leave   and   sick  leave paid   w hen   he   iabilities   re   ettled. recognised   n  wolages   ther   Eamployee   Entitlements   n  respect  of  ebmployees'   services   to  the   reporting   ate.    They   re  m1easured   at  othe   amounts   expected   to  be   Liabilities   nd  asalaries,   including  nion-­‐monetary   enefits  and   annual  ulp   eave   expected   to  bde   settled   waithin   2  months   f  the   reporting   date  are   paid   when  ffor   tiihe   iabilities   re  leave settled. recognised   n  woLong   ther   mployee   Entitlements   n  respect  of  ebmployees'   services   to  the   reporting   ate.    They   re  m1easured   at  othe   amounts   expected   to  be   Liabilities   or   ages   nd  salaries,   including  nion-­‐monetary   enefits  and   annual  ulp   eave   expected   to  bde   settled   waithin   2  months   f  the   reporting   date  are   (ii) sEEaervice   paid   w hen   tihe   lther   iabilities   arre   settled. recognised   n   ooardcast   mployee   Entitlements   in  a respect   of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be   nificant  uplift   i n   t he   b evenues   i n   2 016;   nd (ii) Long   s ervice   l eave paid   when  tihe   lther   iabilities   are  leave seave   ettled. recognised   n   oLong   Eservice   mployee   Entitlements   in  respect   of  employees'   spervices   ualue   p  to  o the   reporting   date.  p  Tayments   hey  are  m easured   at  in   the   amounts   expected  to  be   The   l iability   f or   l ong   ervice   l i s   r ecognised   a nd   m easured   a s   t he   resent   v f   e xpected   f uture   m ade   t o   b e   r espect   o f   s ervices   (ii) s paid   when  the   liabilities   are  leave ettled. (ii) Long   service   The   lliability   ffeor   llong   ervice   llsseave   rrecognised   aand   m aas   resent   vvalue   o ffuture   m tto   n   o paid   when   the   liabilities   re  to   ettled. provided   by   mployees   uap   the  riis   eporting   date   using   the  projected   credit   method.    Consideration   is  given  to   xpected   wages   nd  salary  levels, The   iability   or   ong  ssservice   ervice   eave   s   ecognised   nd   measured   easured   s  tthe   he  up pnit   resent   alue   of   f  eexpected   xpected   uture  p payments   ayments   meade   ade   o  b be   e  fiiuture   n  rrespect   espect   of   f  ssaervices   ervices   (ii) Long   leave The   l iability   f or   l ong   s ervice   l eave   s   recognised   and   m easured   ais  mprovements   the  upnit   resent   value   expected   fm uture   meade   to  be   n   respect   of  saervices   provided   b y   e mployees   u p   t o   tthe   eporting   d u sing   tthe   rojected   ccredit   m    re   C onsideration   iis   gg2 iven   tto   xpected   ffiuture   w ages   nd   ssalary   comprehensive   review   omployee   f  expenditure   hrrias   bnd   een   cate   arried   o ut   wppith   iethod.   n  oef  fficiency   ade  pfuayments   or   015. (ii) Long   service   leave experience   o f   e d epartures,   a p eriods   o f   s ervice.     E xpected   f uture   p ayments   a d iscounted   sing   m arket   y ields   a t   t he   r eporting   date   on llevels, provided   b y   e mployees   u p   t o   he   eporting   d ate   u sing   he   rojected   u nit   redit   m ethod.   C onsideration   s   iven   o   e xpected   uture   w ages   aervices   nd   alary   evels, The   l iability   f or   l ong   s ervice   l eave   i s   r ecognised   a nd   m easured   a s   t he   p resent   v alue   o f   e xpected   f uture   p ayments   m ade   t o   b e   i n   r espect   o f   s (ii) Long   s ervice   l eave provided   b y   e mployees   u p   t o   t he   r eporting   d ate   u sing   t he   p rojected   u nit   c redit   m ethod.     C onsideration   i s   g iven   t o   e xpected   f uture   w ages   a nd   s alary   levels, experience   o f   e mployee   d epartures,   a nd   p eriods   o f   s ervice.     E xpected   f uture   p ayments   a re   d iscounted   u sing   m arket   y ields   a t   t he   r eporting   d ate   o n The   l iability   f or   l ong   s ervice   l eave   i s   r ecognised   a nd   m easured   a s   t he   p resent   v alue   o f   e xpected   f uture   p ayments   m ade   t o   b e   i n   r espect   o f   s ervices   (ii) Long   s ervice   l eave national   g overnment   b onds   w ith   t erms   t o   m aturity   a nd   c urrencies   t hat   m atch,   a s   c losely   a s   p ossible,   t he   e stimated   f uture   c ash   o utflows. experience   o f   e mployee   d epartures,   a nd   p eriods   o f   s ervice.     E xpected   f uture   p ayments   a re   d iscounted   u sing   m arket   y ields   a t   t he   r eporting   d ate   o n provided   by  ofeor   udp  epartures,   to   the  ris   eporting   date   uosing   the  projected   upnit   credit   method.   Consideration   is   given   to   xpected   fiuture   wages   nd   salary   The   liability   long  service   lw eave   recognised   and   easured   as  the   resent   value   of  expected   future  the   puayments   meade   to  bce   n   roespect   of  saervices   experience   f  mployees   employee   and   periods   f  am snd   ervice.    Expected   future   p ayments   a    re   dpiscounted   sing   market   yields   aash   t   the   reporting   date   on llevels, national   ggbovernment   b ttrierms   tto   ccurrencies   tthat   m aam s   ccclosely   aaCs   ossible,   eegstimated   ffxpected   uture   utflows. provided   y   mployees   uap  s  to   eporting   daturity   ate   using   the   pits   rojected   upanit   redit   onsideration   is   iven   to   fd ages   nd   salary   evels, The   iability   feor   long  service   law eave   s   recognised   nd   m easured   as   the   resent   value   oommitments   f  expected   future   paayments   meade   to   bce   iuture   n   roespect   of  saervices   national   bonds   onds   ith   o  pm m nd   urrencies   hat   mccatch,   atch,   s  ethod.   losely   ossible,   uture   utflows. Associations   albility   too   ceontinue    ttith   ghe   oing   oncern   aand   eet   d ebts   future   as  the   wmhen   fall   s  w ependant    number experience   mployee   acnd   eriods   f  aasm ervice.    Expected   fnd   uture   payments   a  re   dp iscounted   uind   sing   arket   yields   aash   t   tue   he   rieporting   date   oo nn  la provided   bovernment   y   ef  mployees   udp  epartures,   to   he   rerms   eporting   daturity   ate   uosing   the   projected   unit   redit   m ethod.   Cs   onsideration   s   gstimated   iven   to  ethey   xpected   future   wdages   and   salary   evels, national   g overnment   b onds   w ith   t erms   t o   m aturity   nd   c urrencies   t hat   m atch,   a s   c losely   a s   p ossible,   t he   e stimated   f uture   c ash   o utflows. experience   eLeases mployee  udp  epartures,   and  periods   f  service.    Expected   future   payments   discounted  uis   sing   market   yields  at   the  reporting   date   on levels, provided   by  oef  mployees   to  the  reporting   date  uosing   the  projected   unit   credit   method.  a  re   Consideration   given   to  expected   future   wages  and   salary   (o) ctors,  including; national   government   bonds   with  terms   to  pm aturity   asnd   currencies   that  future   match,   as  closely   as  dpiscounted   ossible,  the   estimated   future   caash   outflows. experience   o f   e mployee   d epartures,   a nd   eriods   o f   ervice.     E xpected   p ayments   a re   u sing   m arket   y ields   t   t he   r eporting   d ate   o n (o) national   government   onds   with   to  pm aturity   currencies   that   m atch,   as  the   closely   as  dpiscounted   ossible,   estimated   caash   outflows. experience   of  eLeases mployee   departures,   and   eriods   ervice.    Eaxpected   poayments   are   using   market  future   yields   t  the   rn   eporting   date  oof  nwhether The  determination   of  b hether   an  ttaerms   rrangement   is  oof  r  aascnd   ontains    lease   is  fbuture   ased   n   substance   of  the  ttahe   rrangement   nd   requires   assessment   (o) Leases national   government   bw onds   with   erms   to  maturity   nd   currencies   that   m atch,   as  the   closely   as  possible,   he   estimated  aafuture   cash  oaautflows. (o) Leases The   d etermination   o f   hether   aais  n   rrangement   iits   o r   ontains   aa    llease   iisset   s   b ased   o n   ssubstance   o f   tthe   rrangement   nd   rrequires   n   asset. ssessment   o national   government   bw onds   with   taaerms   to  maturity   auccnd   currencies   that   m atch,   as  the   closely   as  aprrangement   ossible,   taahe   econveys   stimated   fight   uture   cu ash   o utflows. fulfillment   o f   t he   a rrangement   d ependent   o n   he   se   o f   a   s pecific   a o r   a ssets   a nd   t he   a   r t o   se   t he   a The   d etermination   o f   w hether   n   rrangement   s   o r   ontains   ease   s   b ased   o n   ubstance   o f   he   rrangement   a nd   equires   a n   ssessment   of   f  w whether hether (o) Leases ntinued  support   of  othe   Australian   Rugby   Union,  m embers,   sf  ponsors   financiers. The   determination   of  whether   ais  n  daependent   rrangement   its  he   or  ucse   ontains   a  lease  aaind   s  based   ossets   n  the   substance   of  the  arrangement   aright   nd  requires   an  asset. ssessment  of  whether fulfillment   f   t he   a rrangement   o n   o a   s pecific   sset   o r   a a nd   t he   a rrangement   c onveys   a   t o   u se   t he   (o) Leases fulfillment   o f   t he   a rrangement   i s   d ependent   o n   t he   u se   o f   a   s pecific   a sset   o r   a ssets   a nd   t he   a rrangement   c onveys   a   r ight   t o   u se   t he   a sset. The   of  whether  ais  n  daependent   rrangement   or  ucse   ontains   a  lease  aisset   s  based   n  the   substance   of  the  arrangement   nd  requires   an  aasset. ssessment  of  whether (o) determination   fulfillment   of  tLeases he  arrangement   on  iits   of  a  specific   or  ao and   the  arrangement   conveys  a  aaright   to  use  the   The   determination   of  aw arrangement   s  he   or  contains   a  lease  is  based   ossets   n  the   substance   of  the  arrangement   nd  requires   an  assessment  of  whether (o) Leases (i) s  hether   Lessee aais  n   fulfillment   of  tGroup   he  arrangement   on  its  he   of  a  specific   or  aossets   and   the  arrangement   conveys  a  aright   to  use  the   The   determination   of  aw hether   n  daependent   rrangement   or  ucse   ontains   a  lease  aisset   s  based   n  the   substance   of  the  arrangement   nd  requires   an  asset. ssessment  of  whether (i) Group   s   L essee fulfillment   o f   t he   a rrangement   i s   d ependent   o n   t he   u se   o f   a   s pecific   a sset   o r   a ssets   a nd   t he   a rrangement   c onveys   a   r ight   t o   u se   t he   a sset. The   determination   of  aw hether   n  tahe   rrangement   r  contains   aia  s   lll   ease   s  isks   based   n  enefits   the  substance   of  to   he   athe   rrangement   and   rw equires   an  are   ssessment   of  awt  chether ld  the  Association   noot   awchieve   he  mtaiatters   set  out   aits  he   bove   tohere   stignificant   uossets   w hether   Association   ill  use   citem,   ontinue   as  a  going   Finance   leases,   hich   ts  ransfer   o   Association   soubstantially   he  airsset   ar  nd   bncertainty   itncidental   ownership   of  athe   leased   capitalised   toncern he   (i) Group   Ltessee fulfillment   f   t he   a rrangement   s   d ependent   o n   u se   f   a   s pecific   o a a nd   he   a rrangement   c onveys     r ight   t o   t he   a sset. (i) atas  ransfer   Finance   lleases,   w ttio   he   ssubstantially   ll   b iitncidental   o   o he   lleased   iitem,   re   ccapitalised   t   fulfillment   tGroup   he   aealise   rrangement   s  vdttalue   ependent   oleased   n  the   uase   of  o  sipecific   oaar  nd   ssets   and   he  oaf  rrangement   conveys    trhe   ight   o  u  Lse   the  saapatated   sset. inception   oiot   f  f  tw he   t  LLtessee he   ossociation   f  te he   sset   r,   f  aalower,   aisks   t  tthe   he   vcalue   tohe   inimum   ease   ayments   herefore  w hether   ill   rhich   its  faair   ssets   aAAnd   xtinguish   its   laiabilities   n   nparesent   ormal   ourse   f  bmttusiness   alease   nd  ooaf  f  pt  attayments.   atmounts   in  atre   he  aafinancial Finance   eases,   wlease   hich   ts  ransfer   o   he   ssociation   ubstantially   ll  tthe   he  airrsset   isks   nd   benefits   enefits   ncidental   o   ownership   wnership   he   eased   tem,   re   apitalised   t  tthe   he   (i) Group   a essee Finance   leases,   wlease   hich  atas   to  vtalue   he   Aossociation   substantially   all   the   raisks   and   benefits   ncidental   ownership   of  potayments.   leased    oLin   tem,   re   capitalised   at  the   inception   o he   t   ttessee he   ffair   f   lleased   aasset   o t   p o llease   ease   ayments   aabre   (i) Group   apportioned   etween   trransfer   he   finance   charges   and   the   raeduction   the   lease   iability   so   avvs  alue   triio   achieve   atto    inimum   constant   rate   f  he   interest   the  aap emaining   alance   of  the inception   of   f  fttbinancial   he   lease   as   t  LLeport   he   air   vtalue   ossociation   f  ttihe   he   eased   sset   or,   r,  oiif   f  f  allower,   ower,   aisks   t  ttlhe   he   present   resent   alue   of   f  tthe   he  m m inimum   ease   ptayments.    Lirtem,   ease   prre   ayments   re   rt.  The  consolidated   d oes   n ot   nclude   ny   a djustment   r elating   t o   t he   ecoverability   o r   c lassification   o f   ecorded   a sset   a mounts   or  to Finance   l eases,   w hich   t ransfer   t o   he   A s ubstantially   ll   t he   r a nd   b enefits   ncidental   o   o wnership   o f   he   l eased   c apitalised   a t   t he   (i) Group   a essee inception   oinance   f  tbhe   t  Ltessee he   frair   f  athe   leased   asset   opr,   if  f  alower,   t  tlhe   present   alue   of  the  m lease   Lin   ease   ayments   abre   apportioned   etween   ttransfer   he   ffre   inance   ccharges   aaand   tthe   rreduction   o ttahe   llease   iability   sso   aavs   ttio   aachieve   aato      inimum   cconstant   rrate   f   iinterest   tthe   emaining   alance   o Finance   l  eases,   wlease   hich   to  vtalue   he   Aossociation   substantially   ll   the   raisks   and   benefits   ncidental   ownership   of  po tayments.   he   leased    o tem,   aprrre   capitalised   at  the   (i) Group   atas   liability.   F c harges   a ecognised   s   n   e xpense   i n   rofit   nd   l oss. apportioned   b etween   he   inance   harges   nd   he   eduction   o f   he   ease   l iability   o   s   o   chieve   onstant   ate   o f   nterest   o n   he   emaining   b alance   of   f  tthe he inception   of  tbhe   lease   atransfer   t  the   fair   vtalue   ossociation   f  the   le   eased   asset  or,   if  f  alower,   aisks   t  tAlhe   present   vs  alue   obf  e   the   m inimum   lease   potayments.    oLin   ease   prre   ayments   abre   Finance   l eases,   w hich   t t o   he   A s ubstantially   ll   t he   r a nd   b enefits   i ncidental   t o   o wnership   o f   he   l eased   tem,   a c apitalised   a t   t he   mounts  oapportioned   r   c lassification   o f   l iabilities   t hat   m ight   b n ecessary   s hould   t he   ssociation   n ot   a ble   t o   c ontinue   a s   a   g oing   c oncern. etween   he   f inance   c harges   a nd   t he   r eduction   o t he   l ease   iability   s o   a t o   a chieve   a   c onstant   r ate   f   i nterest   t he   emaining   alance   o f   t he liability.   FFoinance   cchich   harges   re  frrair   ecognised   s   n   eexpense   iin   rofit   inception   f  the  wlease   t  taahe   f  athe   leased   asset   if  alower,   t  the   present   value   of  the  m inimum   lease   ease  apre   ayments   are   at  the   Finance   taransfer   to  vtalue   he  Aossociation   substantially   ll  aand   the  lloss. raisks   and   benefits   incidental   to   ownership   of  ptayments.   he  leased    Litem,   capitalised   liability.  l    eases,   inance   harges   ecognised   s  aaand   n   xpense   n  op pr,   rofit   nd   oss. apportioned   etween   fre   inance   charges   reduction   oif  f  lower,   tahe   lease   iability   so  avs  alue   to  achieve   a  inimum   constant   rate  poayments.   f  interest    oLn   the  premaining   alance  of  the inception   f  tbhe   lease   athe   t  tahe   frair   value   of  aathe   leased   asset   r,   at  tlhe   present   of  the  m lease   ease   ayments  abre   liability.    Fo charges   re   ecognised   s  aver   and   n   etthe   xpense   in  o rofit   nd   loss. apportioned   etween   fre   inance   charges   he   rhorter   eduction   oitf  he   f  lower,   the   lease   iability   so   avs  alue   tf  o  tahe   chieve   aa  inimum   cnd   onstant   rate  tp oayments.   f  interest   tnhe   emaining   alance   of  the inception   oinance   f  leased   tbhe   lease   athe   t  tahe   fdair   value   of  tohe   leased   asset   opor,   at  tlhe   pseful   resent   of  atsset   he  m lease    oLn   ease   preasonable   ayments  abre   Capitalised   a ssets   epreciated   s f   e stimated   u l ife   o t he   l ease   erm   i f   t here   i s   o   r ertantity liability.    Finance   charges   afre   recognised   as  aand   n  ethe   xpense   in  profit   ahe   nd  lease   loss. liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  bcalance   apportioned   b etween   t he   inance   c harges   r eduction   o f   t of  the Capitalised   l eased   a ssets   a re   d epreciated   o ver   t he   s horter   o f   t he   e stimated   u seful   l ife   o f   t he   a sset   a nd   t he   l ease   t erm   i f   t here   i s   n o   r easonable   c ertantity Statement   o f   C ompliance liability.     F inance   c harges   a re   r ecognised   a s   a n   e xpense   i n   p rofit   a nd   l oss. apportioned   b etween   t he   f inance   c harges   a nd   r eduction   o f   t he   l ease   l iability   s o   a s   t o   a chieve   a   c onstant   r ate   o f   i nterest   o n   t he   r emaining   b alance   of  the that   t he   A ssociation   w ill   o btain   o wnership   b y   t he   e nd   o f   t he   l ease   t erm. Capitalised   leased   assets  aare   epreciated  aos  ver   shorter   f  the  aend   stimated   seful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantity liability.    AFssociation   inance   charges   re  d recognised   ay  n  the   etthe   xpense   in   po rofit   loss. u Capitalised   l eased   a ssets   a re   d epreciated   o ver   he   s horter   o f   t he   e stimated   u seful   l ife   o f   t he   a sset   a nd   t he   l ease   t erm   i f   t here   i s   n o   r easonable   c ertantity that   t he   w ill   o btain   o wnership   b e nd   o f   t he   l ease   t erm. liability.    AFssociation   inance  cw harges   abtain   re  recognised   as  bay  n  the   expense   in   profit   aind   loss. by  the  Australian  Accounting  Standards  Board. inancial  report   c omplies   ith   A ustralian   A ccounting   S tandards   a s   ssued   that   t he   w ill   o o wnership   e nd   o f   t he   l ease   t erm. Capitalised   leased  assets   re  depreciated   ver   the  esnd   horter   of  lease   the  etstimated   useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantity that   the  Association   will  oaabtain   ownership  o the   of  tin   he   erm. Capitalised   leased   assets   re   depreciated   obver   the   shorter   otf  he   the   estimated   uSseful   life  of  otf  he   asset  and  the  lIease   term   is  no  reasonable   Operating   lease   payments   are   recognised   s  y   expense   Consolidated   tatement   Comprehensive   ncome   on  iiaf    stthere   traight-­‐line   basis  over  cctertantity he  lease  term. that   the  Association   will  oabtain   ownership  oabver   y  atn   he   esnd   of  the   lease   tstimated   erm. Capitalised   l eased   a ssets   re   d epreciated   t he   horter   o f   t he   e uSseful   life  of  otf  he   asset  and  the  lIease   term   is  no  reasonable   ertantity Operating   llease   p ayments   aare   rrecognised   aabver   s   aatn   eexpense   iin   ttf  he   C onsolidated   tatement   C omprehensive   ncome   o n   aaf      ssthere   traight-­‐line   b he   that   t he   A ssociation   w ill   o btain   o wnership   y   he   e nd   o f   t he   l ease   t erm. Capitalised   l eased   a ssets   a re   d epreciated   o t he   s horter   o t he   e stimated   u seful   l ife   o f   t he   a sset   a nd   t he   l ease   t erm   i f   here   i s   n o   r easonable   Operating   ease   p ayments   re   ecognised   s   n   xpense   n   he   C onsolidated   S tatement   o f   C omprehensive   I ncome   o n   traight-­‐line   basis   asis  o over   ver  cttertantity he  llease   ease  tterm. erm. anges  in  athat   ccounting   p olicy   a nd   d isclosures t he   A ssociation   w ill   o btain   o wnership   b y   t he   e nd   o f   t he   l ease   t erm. Operating   lease   payments   are  recognised   expense   the   Consolidated   Statement  of  Comprehensive  Income  on  a  straight-­‐line  basis  over  the  lease  term. that   the  Association   will  liabilities obtain   ownership  abs  y  atn   he   end  of  tin   he   lease   term. (p) Financial   Operating  lease  payments  are  recognised  as  an  expense  in  the  Consolidated  Statement  of  Comprehensive  Income  on  a  straight-­‐line  basis  over  the  lease  term. (p) Financial   lliabilities Operating   lease   payments   are  recognised   as  an  expense  in  the  Consolidated  Statement  of  Comprehensive  Income  on  a  straight-­‐line  basis  over  the  lease  term. (i) Initial   recognition   and  measurement (p) Financial   iabilities Operating   laease   payments   re  recognised   as  tahose   n  expense   in  p the   Consolidated   Statement   of  Comprehensive   Income  on  a  straight-­‐line  basis  over  the  lease  term. accounting   policies   dopted   re   caaonsistent   w ith   of  athe   revious   financial   year  except   as  pfrofit   ollows:   (p) Financial   liabilities (i) Initial   rra ecognition   a nd   m easurement Operating   lease   payments   re  recognised   aecognition,   s  an  expense   the   Consolidated   Statement   f  Comprehensive   Income   on   a  sb traight-­‐line   over  tohe   Financial   l iabilities   a re   c lassified,   a t   i nitial   r s  ifn   inancial   liabilities  at   fair  value  o through   or  loss,   loans   and   orrowings,  bpasis   ayables,   r  alsease  term. (i) Initial   ecognition   a nd   m easurement (p) Financial   l iabilities (i) Initial   recognition   aand   measurement Financial   lliabilities   aare   ccalassified,   t   iinitial   rrecognition,   aas   ffinancial   lliabilities   aat   ffair   vvalue   tthrough   p rofit   o r   lloss,   lloans   aand   b orrowings,   p ayables,   o r   (p) Financial   ls   iabilities derivatives   d esignated   h edging   i nstruments   i n   a n   e ffective   h edge,   a s   a ppropriate. Financial   iabilities   re   lassified,   a t   nitial   ecognition,   s   inancial   iabilities   t   air   alue   hrough   p rofit   o r   oss,   oans   nd   b orrowings,   p ayables,   o r  aass (i) Initial   r ecognition   a nd   m easurement (p) Financial   ls   iabilities Financial   liabilities   are   calassified,   t  instruments   initial   recognition,   as  financial   liabilities   at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  as derivatives   d esignated   h edging   iin   aan   eeffective   h edge,   aas   aappropriate. (i) Initial   recognition   aand   m easurement (p) Financial   ls   iabilities cation  of  A ASB   1 0   C onsolidated   F inancial   S tatements. derivatives   d esignated   a h edging   i nstruments   n   n   ffective   h edge,   s   ppropriate. Financial   liabilities   are   calassified,   t  instruments   initial   recognition,   as  financial   liabilities   at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  as (i) Initial   recognition   aand   measurement derivatives   dliabilities   esignated   s  rhecognised   edging   an   effective   edge,   s  appropriate. Financial   liabilities   are   lassified,   t  initial   recognition,   as  fainancial   liabilities   t  fair  avalue   through  profit   r  loss,  loans   borrowings,   payables,   or  as costs. (i) Initial   recognition   aand   m easurement All   financial   accre   initially   at  iifn   air   value   nd,  h the   caaase   of  aaloans   nd  borrowings   and  po net  aaond   f  directly   attributable   transaction   derivatives   designated   alassified,   s  hedging   instruments   n   an   effective   hin   edge,   s  appropriate. Financial   l iabilities   a re   a t   i nitial   r ecognition,   a s   f inancial   l iabilities   t  fair  avalue   through  profit   oayables,   r  loss,  loans   nd   borrowings,   payables,   or  as costs. All   f inancial   l iabilities   a re   r ecognised   i nitially   a t   f air   v alue   a nd,   i n   t he   c ase   o f   l oans   nd   b orrowings   a nd   p ayables,   n et   o f   d irectly   a ttributable   t ransaction   derivatives   d esignated   a s   h edging   i nstruments   i n   a n   e ffective   h edge,   a s   a ppropriate. Financial   l iabilities   a re   c lassified,   a t   i nitial   r ecognition,   a s   f inancial   l iabilities   a t   f air   v alue   t hrough   p rofit   o r   l oss,   l oans   a nd   b orrowings,   p ayables,   or  a2 s 013,   All   financial  dliabilities   are   initially   t  ifn   air   value   and,   the  caase   occounting   f  loans  and  bSorrowings   ayables,   net  of  directly  attributable   transaction   costs. dition  the  derivatives   Association   has  adopted   all  the   new  aaand   aamended   Australian   tandards  aaand   nd  ppA ASB  Interpretations   as  of  1  January   esignated   as  rrhecognised   edging   instruments   n   effective   hiin   edge,   s  aAppropriate. All   f inancial   l iabilities   a re   ecognised   i nitially   t   f air   v alue   a nd,   n   t he   c ase   o f   l oans   a nd   b orrowings   nd   ayables,   n et   o f   d irectly   a ttributable   t ransaction   costs. derivatives   designated   as  hledging   instruments   in  aan   effective   hedge,  aas  nd   appropriate. The   A ssociation's   f inancial   iabilities   i nclude   t rade   nd   o ther   p ayables   l oans   a nd   b orrowings. All  financial  liabilities  are  recognised  initially  at  fair  value  and,  in  the  case  of  loans  and  borrowings  and  payables,  net  of  directly  attributable  transaction  costs. ding The   A ssociation's   f inancial   l iabilities   i nclude   t rade   a nd   o ther   p ayables   a nd   l oans   a nd   b orrowings. All   f inancial   l iabilities   a re   r ecognised   i nitially   a t   f air   v alue   a nd,   i n   t he   c ase   o f   l oans   a nd   b orrowings   a nd   p ayables,   n et   o f   d irectly   a ttributable   t ransaction   costs. The  financial   Association's   financial   liabilities  include   other   payables   and  olf   oans   and   borrowings. All   liabilities   are  recognised   initially  ttarade   t  fair  aavnd   alue   and,   in  the  case   loans   and   borrowings  and  payables,  net  of  directly  attributable  transaction  costs. The   Association's   financial   liabilities   include   other   payables   and  olf   oans   and   borrowings. All   financial   liabilities   are  recognised   initially  arade   t  fair  vnd   alue   and,   in  the  case   loans   and   borrowings  and  payables,  net  of  directly  attributable  transaction  costs. (ii) Subsequent   m easurement The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings. rence Title (ii) Subsequent   m easurement Summary The   A ssociation's   financial   liabilities   include   trade  oan  nd   other   payables  and   loans   and   borrowings. m easurement   of  financial   liabilities   depends   their   classification.   The   most   relevant   financial  liabilities  to  the  Association  are  as  described  below: (ii) Subsequent   m easurement The   A ssociation's   financial   liabilities   include   trade  oan  nd   other   payables  and   loans   and   borrowings. (ii) Subsequent   m easurement The   m easurement   o f   f inancial   l iabilities   d epends   t heir   c lassification.   T he   m ost   r elevant   inancial   o   A aare   s   b A ssociation's   f inancial   l iabilities   i nclude   t rade   a nd   o ther   p ayables   a nd   l oans   a nd   bforrowings. B  13 Fair   Veasurement   alue   Subsequent   AASB   13  edstablishes    single   source  oTf  he   guidance   or  dffetermining   the  fttair   value   of  assets   liabilities.   AASB  13  does  n The  m of  financial   liabilities   epends  on  taheir   classification.   most  relevant   inancial  lliabilities   iabilities   o  tthe   he   Association   ssociation   re  aaand   s  d described   escribed   below: elow: (ii) m easurement The   measurement   of  afnd   inancial   liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below: (ii) Subsequent   measurement (iii) Loans   b orrowings Measurement required   use  fair   alue,   but  rather,  The   provides   guidance   on  hliabilities   ow  to  determine   fair  value   fair  vbalue   The   measurement   of  financial   liabilities  tdo   epends   on  vtheir   classification.   most  relevant   financial   to  the  Association   are  aw s  hen   described   elow:is  required  o (ii) Subsequent   m easurement (iii) Loans   b The   easurement   of  a fnd   inancial   depends   n  their  classification.   The  am relevant   financial   iabilities   to  tihe   Association   are  as   escribed   below: (ii) Subsequent   measurement After   recognition,   loans   alliabilities   nd  borrowings   re  o measured   t  aost   mortised   ost   using  tllhe   Effective   nterest   Rate  ("EIR")   md  Gains   and (iii) m Loans   borrowings orrowings The   miinitial   easurement   of  a fnd   inancial   iabilities   dm epends   ossn  ubsequently   their   lassification.   m elevant   financial   iabilities   the   Association   are   as   dethod.   escribed   below: definition   ay  raaesult   in  dcifferent   fair  TTvhe   alues   brreing   dccetermined   for   the  tto   relevant   aate   ssets.   Consequential   amendments   we (iii) Loans   brofit   orrowings After   rrecognition,   lloans   aao nd   b orrowings   re   m easured   t   aaost   mortised   ost   u sing   ttlIR   he   EEmortisation   ffective   nterest   R (("EIR")   m    G ains   aand The   minitial   easurement   of  afind   inancial   liabilities   depends   osn  ubsequently   their  acre   lassification.   he  aaam ost   elevant   financial   iabilities   o  tiihe   Arocess. ssociation   are  as   dethod.   escribed   below: losses   a re   r ecognised   n   p r   l oss   w hen   t he   l iabilities   d e-­‐recognised   s   w ell   a s   t hrough   t he   E a p After   nitial   ecognition,   oans   nd   b orrowings   a re   ubsequently   m easured   t   mortised   c ost   u sing   he   ffective   nterest   R ate   "EIR")   m ethod.   G ains   nd (iii) Loans  and  loans   borrowings via   Aloss   ASB   2011-­‐8. After   initial   recognition,   aond   b orrowings   alre   subsequently   measured  aat  s  aw mortised   cost  using   tIR   he  aEmortisation   ffective  interest   Rate  ("EIR")  method.    Gains  and losses   a re   r ecognised   i n   p rofit   r   w hen   t he   iabilities   a re   d e-­‐recognised   ell   a s   t hrough   t he   E p rocess. (iii) Loans   a nd   b orrowings losses   are  recognised   n  ploans   r  loss   when  the  alre   iabilities   are  de-­‐recognised   ell  as  through   the  EtIR   process. After   recognition,   ao nd   borrowings   subsequently   measured  aaat  s   aw mortised   cost  using   he  aaEmortisation   ffective  interest   Rate  ("EIR")  method.    Gains  and (iii) initial   Loans  aiind   brofit   orrowings losses   are  recognised   n  ploans   r  loss   hen   the   iabilities   de-­‐recognised   ell  as  through   the  EtIR   process. After   initial   recognition,   aond   borrowings   alre   subsequently   measured   at  s  aw mortised   cost  using   he  Emortisation   ffective  interest   Rate  ("EIR")  method.    Gains  and (iii) Loans   nd   b orrowings (q) Prior  Yaear   crofit   omparatives There   ww no   impact   of  aaare   dopting   this  standard. losses   are  recognised   in  ploans   rofit   ond   r  loss   was   hen   the   lre   iabilities   re   de-­‐recognised   at  s  aw ell  as  through   the  EtIR   aEmortisation   process. After   i nitial   r ecognition,   a b orrowings   a s ubsequently   m easured   a mortised   c ost   u sing   he   ffective   i nterest   Rate  ("EIR")  method.    Gains  and (q) Prior   Y ear   c omparatives losses   a re   r ecognised   i n   p rofit   o r   l oss   w hen   t he   l iabilities   a re   d e-­‐recognised   a s   w ell   a s   t hrough   t he   E IR   a mortisation   p rocess. After   initial   recognition,   loans   and   borrowings   are  subsequently   measured   ap t  resentation. amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  and Certain   p rior   y ear   c ompartatives   h ave   b een   a djusted   t o   r eflect   c urrent   y ear   (q) Prior   Y ear   c omparatives B  2011-­‐4 Employee   B enefits The   r evised   s tandard   c hanges   t he   d efinition   o f   s hort-­‐term   e mployee   b enefits.   T he  distinction  between  short-­‐term  an losses   a re   r ecognised   i n   p rofit   o r   l oss   w hen   t he   l iabilities   a re   d e-­‐recognised   a s   w ell   a s   t hrough   t he   E IR   a mortisation   p rocess. (q) Year   omparatives Certain   p yyPrior   ear   ave   een   djusted   tto   eflect   ccurrent   yyear   losses   are   recognised   in  pcrofit   or  h loss   taahe   liabilities   are  de-­‐recognised   ap well  as  through  the  EIR  amortisation  process. Certain   prior   rior   ear  ccompartatives   ompartatives   h ave  wb bihen   een   djusted   o  orrn   eflect   urrent   ear   ps  resentation. resentation. (q) Prior   Year  comparatives benefits   s   n ow   b ased   w hether   t he   b enefits   a re   e xpected   t o   b e   s ettled   w holly   within  12  months  after  the  reporting Certain   p rior   y ear   c ompartatives   h ave   b een   a djusted   t o   r eflect   c urrent   y ear   p resentation. (q) Prior  Year  comparatives RUGBYWA 55 Certain   prior  yPrior   ear  compartatives   have  been  aw djusted   to  rm eflect   year   presentation. (q) Year  comparatives amendments   ere  also   ade  ccturrent   o  other   standards   via  AASB   2011-­‐0.   2014 ANNUAL REPORT Certain   prior  yPrior   ear  compartatives   have  been  adjusted   to  reflect   urrent   year   presentation. (q) Year  comparatives Certain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.


WESTERN AUSTRALIAN  RUGBY  UNION  (INC.) NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR ENDED  31  DECEMBER  2014

NOTE 2:  REVENUE  AND  OTHER  INCOME a) Revenue  -­‐  Commercial  services  -­‐  Community  rugby  -­‐  Professional  rugby  -­‐  Corporate  services  -­‐  Future  Force  Foundation  Ltd  -­‐  grant  -­‐  Interest  received b) Other  income  -­‐  Grants  received

2014 $

2013 $

                           10,209,025  1,023,263  4,295,903 355,470   59,450   25,108                              15,968,219  

11,400,750  896,747  4,317,030  59,077 -­‐    60,663  16,734,266

500,000  500,000

-­‐  -­‐

NOTE 3a:  OPERATING  EXPENDITURE Included  within  the  categories  of  operating  expenditure  are  the  following   specific  expenses: Finance  costs Bank  charges Depreciation  expense Depreciation Employee  benefits  expense Wages  and  salaries Superannuation

NOTE 3b:  STADIUM  INFRASTRUCTURE  EXPENDITURE Interest  on  loans

NOTE 4:  CASH  AND  CASH  EQUIVALENTS Cash  at  bank      (i) Term  deposits    (ii)

44,341 44,341  

45,902  45,902

136,162  136,162

152,284 152,284  

7,894,938 689,595                                    8,584,533

7,776,875  650,241  8,427,116

83,798 83,798  

108,911 108,911  

530,675 62,778    593,453

1,184,300  767,953  1,952,253

991,635  -­‐  5,360  996,995

366,002 (24,546)    10,360 351,816  

75,470 75,470  

22,896  22,896

71,813 52,624    124,437

82,149 -­‐    82,149

(i) Cash  at  bank  earns  interest  at  floating  rates  based  on  daily  bank   deposit  rates. (ii)  Short-­‐term  deposits  are  made  for  varying  periods  of  between  30  days  and three  months,  depending  on  the  immediate  cash  requirements  of  the  Association and  earn  interest  at  the  respective  short-­‐term  deposit  rates. NOTE  5:  TRADE  AND  OTHER  RECEIVABLES Current Trade  debtors      (i) Allowance  for  doubtful  debt Bonds  (non  interest  bearing)

(i) Trade  receivables  are  non-­‐interest  bearing  and  are  generally  on  30-­‐90  day terms.    An  allowance  for  doubtful  debts  is  made  when  there  is  objective evidence  that  a  trade  receivable  is  impaired.     As  at  31  December  2014  $289,171  (29%)  of  trade  receivables  were  past  due  but  not   considered  impaired,  compared  to  $142,767  (39%)  at  31  December  2013.     Payment  terms  on  these  amounts  have  not  been  re-­‐negotiated.    However  amounts  that are  for  hospitality  will  have  access  withheld  until  payment  is  received  and  as  such all  receivables  other  than  those  specifically  provided  for  are  considered  fully  recoverable. NOTE  6:  INVENTORIES At  cost

NOTE 7:  OTHER  CURRENT  ASSETS Deferred  costs Prepayments

56

RUGBYWA 2014 ANNUAL REPORT


NOTES TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR WESTERN  AUSTRALIAN   WESTERN  RAUGBY   USTRALIAN   UNION  R(UGBY   INC.) UNION  (INC.) 1  December  2014 NOTES  TENDED   O  THE  C3ONSOLIDATED   FINANCIAL  STATEMENTS  FOR  THE  YEAR ENDED  31  December  2014 NOTES  TO  THE  NOTES   CONSOLIDATED   TO  THE  CONSOLIDATED   FINANCIAL  STATEMENTS   FINANCIAL  FSOR   TATEMENTS   THE  YEARFOR  THE  YEAR WESTERN  AUSTRALIAN   WESTERN  RAUGBY   USTRALIAN   UNION  R(UGBY   INC.) UNION  (INC.) 2014 2013 ENDED  31  December   ENDED  23014 1  December  2014 $ $ 2014 2013 WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.) NOTES  TO  THE  NOTES   CONSOLIDATED   TO  THE  CONSOLIDATED   FINANCIAL  STATEMENTS   FINANCIAL  FSOR   TATEMENTS   THE  YEARFOR  THE  YEAR TE  8:  PROPERTY,  PLANT  AND  EQUIPMENT $ $ 2014 2013 2013 NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  Y2014 EAR ENDED  23014 1  December  2014 NOTE  8:  PROPERTY,  PLANT  AND  EQUIPMENTENDED  31  December   $ $ $ $ ENDED  31  DECEMBER  2014                                        659,798 Leasehold  improvements  -­‐  cost                                                                657,233 TE  8:  PROPERTY,   NOTE  8P:  LANT   PROPERTY,   AND  EQUIPMENT PLANT  AND  EQUIPMENT 2013 Less  accumulated   depreciation                                      (108,156)              2014                                    (75,288) Leasehold   improvements  -­‐  cost  2014                                      659,798            2013                                      657,233 $                                        551,642  (108,156)                            $                      581,945 Less  accumulated  depreciation              $                      2014                        $                  2013          (75,288)   Leasehold  improvements   Leasehold  improvements   -­‐  cost -­‐  cost                                        659,798                                          659,798                                                657,233                                                    657,233 TE  8:  PROPERTY,   NOTE  8P:  LANT   PROPERTY,   AND  EQUIPMENT PLANT  AND  EQUIPMENT $                                        551,642                                                            581,945  $ Less  accumulated   Less  daepreciation ccumulated  depreciation                                      (108,156)                                      (108,156)                                                    (75,288)                                                  (75,288)   2:  REVENUE   AND  OTHER  INCOME Plant  aNOTE   nd  equipment   -­‐  cost                                        491,856                                                                429,536                                        551,642                                        551,642                                                581,945                                                  581,945   a) Revenue Leasehold   improvements   Leasehold   -­‐  cost                                      (373,895)  659,798                                          491,856 659,798 657,233 Less   accumulated   depreciation                                            (315,947) Plant   and  eimprovements   quipment   -­‐  cost-­‐  cost    657,233                                                    429,536  Less   -­‐  Commercial   services    117,961                                      10,209,025 Less  accumulated   daepreciation                                        (108,156) (108,156)                                                  113,589    (75,288)   ccumulated   depreciation                          (373,895)  (75,288)                  11,400,750                              (315,947) Plant  and  equipment   and   -­‐  cost equipment                                          491,856                    1,023,263                        491,856                                                429,536                                896,747                      429,536  Plant   -­‐  Community   rugby -­‐  cost                                        551,642 551,642                                                581,945 581,945                                        117,961                                                  113,589   Less  accumulated   Less   daepreciation ccumulated   depreciation                                      (373,895)                  4,295,903                      (373,895)                                              (315,947)                            4,317,030                          (315,947)  Professional   Furniture  and    f-­‐ittings   -­‐  cost rugby                                            64,246                                                                    64,246                                         117,961                                         117,961                                                 113,589                                                  113,589    Furniture   -­‐  Corporate   services Plant  aaccumulated   nd  equipment   Plant   and   -­‐  cost quipment        64,246                                          429,536 Less   depreciation                                        491,856  (19,642) aend   fittings  -­‐  cost                      355,470                    491,856  (13,563)                                  59,077                  429,536    64,246   -­‐   F uture   F orce   F oundation   L td   -­‐   g rant 59,450   -­‐   Less  accumulated                                        (373,895)    (19,642)                                          (315,947)        50,683                                            (315,947)      44,604                                        (373,895) Less  daepreciation ccumulated  depreciation    (13,563)   Furniture  and    fFurniture   -­‐  crost aeceived nd  fittings  -­‐  cost                                            64,246                              25,108                                              64,246                                60,663                      64,246 -­‐ittings    Interest                            64,246                                        117,961                                          113,589                                        117,961 44,604                                                  113,589      50,683 Less  accumulated   Less  daepreciation ccumulated  depreciation                                                (19,642)                                                (13,563)                  16,734,266                                  (13,563)                                    15,968,219                                (19,642) Website  infrastructure  -­‐  cost                                        169,143                                                                    89,283                                            44,604                                                44,604                                              50,683                                                    50,683 b) Other   i ncome Furniture   and  fWebsite   Furniture   ittings   -­‐  cinfrastructure   ost and  fittings  -­‐  c-­‐  ost                                          (88,537)  64,246                                          169,143      64,246                                            (65,391)  64,246                                                    64,246 Less   accumulated   depreciation cost 89,283  -­‐  Grants   received Less  accumulated                                            (19,642) (19,642)                                                (13,563) (13,563)  80,606                        500,000 Less  daepreciation ccumulated   depreciation                      (88,537)  23,892                                          -­‐        (65,391)   Website  infrastructure   Website  i-­‐nfrastructure    cost -­‐  cost                                        169,143                          500,000                  169,143                                                    89,283                                            -­‐          89,283                                            44,604                                                44,604                                              50,683                                                    50,683 80,606 23,892 Less  accumulated   Less  daepreciation ccumulated  depreciation                                          (88,537)                                          (88,537)                                                (65,391)                                                  (65,391)   Motor  vehicles  -­‐  cost                                            53,784                                                                    46,284                                             80,606                                                 80,606                                               23,892                                                     23,892 NOTE   3a:   OPERATING   Website   infrastructure   Website   i-­‐nfrastructure    costEXPENDITURE 89,283 Less   accumulated   depreciation                                        169,143  (48,996)      53,784                                            (40,759) Motor   vehicles   -­‐  cost -­‐  cost                                        169,143  89,283                                                    46,284 Included   w ithin   t he   c ategories   o f   o perating   e xpenditure   a re   t he   f ollowing   Less  accumulated   Less  daepreciation ccumulated  depreciation                                          (88,537)                                          (88,537)                                                (65,391)      5,525                                            (65,391)          4,788 (48,996) (40,759) Motor  vehicles   Motor   -­‐  cost veehicles   -­‐  cost                                            53,784                                                53,784                                              46,284                                                    46,284 specific   xpenses:                                            80,606                                                80,606    4,788                                          23,892                                                    23,892    5,525 Less  accumulated   Less  daepreciation ccumulated  depreciation                                          (48,996)                                          (48,996)                                                (40,759)                                                  (40,759)                                                    4,788                                                  4,788                                              5,525                                                    5,525 Finance  costs Motor  vehicles  Motor   -­‐  cost vehicles  -­‐  cost                                            53,784                                                53,784                                              46,284                                                    46,284 Bank  charges 44,341    45,902 Less  apccumulated   daepreciation ccumulated   depreciation                                        799,601  (48,996)                                          (48,996)                                              775,634  (40,759)                                                  (40,759)   Total   roperty  Less   plant   and  equipment 44,341    45,902                                                  4,788                                        799,601          4,788                                              5,525                                          775,634          5,525 Total  property  plant  and  equipment Depreciation  expense Reconciliations Depreciation Total  property   Total   plant  paroperty   nd  equipment plant  and  equipment                                        799,601                      136,162                  799,601                                                775,634                              152,284                    775,634   Leasehold  improvements Reconciliations  136,162 152,284   Carrying  amount   at  beginning   of  eyxpense ear                                        581,945                                                                985,848 Leasehold   mprovements Employee   bienefits   Reconciliations Total  property  Reconciliations Total   plant  paroperty   nd   equipment plant   and  equipment                                                                              799,601                                                                              799,601   Additions             2,565                                                                                                775,634 Carrying   a mount   a t   b eginning   o f   y ear   581,945                7,230                              7,776,875                                                        775,634  985,848 Wages   and  ismprovements alaries  7,894,938 Leasehold  improvements Leasehold   Disposals                                                          -­‐                689,595                                  (515,464) Additions                              2,565                                    650,241                              7,230 Superannuation Carrying  amount   Carrying   at  beginning   amount   of   at   year beginning  of  year                                        581,945                                          581,945                                                985,848                                                    985,848 ReconciliationsDisposals Reconciliations Depreciation                                          (32,868)                                          -­‐                              104,331                        8,427,116                          (515,464)                                                    8,584,533 Additions Additions                                                                2,565                                  2,565                                              7,230                                                    7,230 Leasehold   improvements Leasehold   Carrying   amount   at  end  oimprovements f  year                                        551,642                                              581,945 Depreciation                                          (32,868)                                                    104,331 Disposals Disposals                                                          -­‐                                                    -­‐                          (515,464)                                                    (515,464) Carrying   amount   t  beginning   of   year eginning   f  year                                        581,945                                          551,642 581,945                                                985,848                                                  581,945  985,848 Carrying   amount   at   ebnd   of  yearEoXPENDITURE NOTE   3b:   SaTADIUM   INFRASTRUCTURE   Depreciation Depreciation                                          (32,868)                                          (32,868)                                              104,331                                                    104,331 Additions Additions                                                  2,565                            83,798                      2,565                                              7,230                        108,911                              7,230 Plant   and  equipment Interest   o n   l oans   Carrying  amount   Carrying   at  end  aomount   f  year at  end  of  year                                        551,642                                        551,642                                                581,945                                                  581,945   Disposalsamount   Disposals                                        113,589    151,875                            108,911                      (515,464) Carrying   at  baeginning   of  year                  -­‐                      83,798 Plant   nd  equipment                                -­‐                          (515,464) Depreciation Carrying   Depreciation 104,331 Additions                                          (32,868)  70,204                                          113,589  (32,868)                                              104,331 amount  at  beginning  of  year    35,110                                                151,875 Plant  and  equipment Plant  and  equipment Carrying   amount   Carrying   at  eA nd   aomount   f  CyASH   ear aEt   end  of  year Disposals                                        551,642      (7,884)                                          551,642      70,204                                          581,945 Additions  (20,606)                                                581,945      35,110 NOTE   4 :   C ASH   ND   QUIVALENTS Carrying  amount   Carrying   at  beginning   amount   of   at   year beginning  of  year                                        113,589                                          113,589                                                151,875                                                    151,875 Depreciation Cash                                            (57,948)                                          (52,790) Disposals                                                  (7,884)                      1,184,300                              (20,606)   at  bank      (i) Additions Additions                                            70,204                        530,675                        70,204                                              35,110                                                    35,110 Plant  and  aemount   quipment Plant   quipment Carrying   at  deaeposits   nd  oef   year                                        117,961              (57,948)                                              113,589 Depreciation                            62,778                              767,953                      (52,790)   Term     ( ii) Disposals Disposals                                              (7,884)                                                  (7,884)                                          (20,606)                                                  (20,606)   Carrying  amount   Carrying   at  beginning   amount   of   at   year b eginning                                          113,589                                              593,453                    117,961 113,589                                                151,875                      1,952,253                            113,589  151,875 end   of  yearof  year Depreciation Depreciation                                          (57,948)                                          (57,948)                                                (52,790)                                                  (52,790)   Additions and  (i)                                              70,204                                                70,204                                              35,110                                                    35,110 Furniture   fAdditions ittings Caash   at  abomount   ank   earns   nterest   at  floating  rates  based  on  daily  bank   Carrying  amount   Carrying   t  end   f  year at  eind   of  year                                        117,961                                        117,961                                            113,589                                                    113,589   Disposalsamount   Disposals (7,884)                                                  (7,884)  49,534                                                (20,606)   Carrying   at  beginning   of  year                                              50,683                                          (20,606) Furniture   and  fittings deposit   rates. Depreciation Depreciation                                          (57,948)    50,683                                            (52,790)      6,920                                            (52,790)    49,534 Additions                -­‐                                    (57,948) Carrying   amount   at  beginning   of  for   year (ii)   S hort-­‐term   d eposits   a re   m ade   v arying   p eriods   o f   b etween   3 0   d ays   a nd Furniture  and  fFurniture   ittings and  fittings Carrying  amount   Carrying   at  m end   aomount   f  year at  end  oof  n  ytear Depreciation      (6,079)                                                                                  117,961 Additions                  -­‐                              113,589      (5,771)                                            113,589          6,920 three   onths,   depending   he  immediate  cash  requirements  of  the  Association                                                                                117,961 Carrying  amount   Carrying   at  beginning   amount   of   at   year beginning  of  year                                            50,683                                                50,683                                              49,534                                                    49,534 and   interest   Carrying  amount   aet  arn   end   of  yearat  the  respective  short-­‐term  deposit  rates.                                            44,604                                                  (6,079)                                            50,683 Depreciation                                                      (5,771) Additions Additions                                                          -­‐                                                    -­‐                                      6,920                                                    6,920 Furniture  and  fFurniture   ittings aamount   nd  fittings Carrying   at  end  of  year                                            44,604                                                                    50,683 Depreciation Depreciation                                              (6,079)                                                  (6,079)                                              (5,771)                                                    (5,771) NOTE   5:  Carrying   TRADE   AaND   OTHER   ECEIVABLES Carrying   mount   at  beginning   mount   of   at   year bReginning   of  year                                            50,683                                                50,683                                              49,534                                                    49,534 Website   ianfrastructure Carrying  amount   Carrying   at  end  aomount   f  year at  end  of  year                                            44,604                                                44,604                                              50,683                                                    50,683 Current Additionsamount   Additions                                              23,892            -­‐                                                    -­‐                                      6,920                                                    6,920 Carrying   at  beginning   of  year 3,801 Website   infrastructure Trade   debtors      (i) at  beginning  of  year Depreciation Depreciation                                              79,860 (6,079)                        991,635                        23,892  (6,079)                                            25,000  (5,771)                        366,002                            (5,771) Additions Carrying   amount    3,801 Website  infrastructure Website  infrastructure Allowance   for   oubtful   debt Carrying  amount   Carrying   at  end  aomount   f  ydear at  end   of  year  44,604                                            -­‐      44,604 Depreciation                                          (23,146)                                              50,683 Additions 79,860  (4,909)                        (24,546)                            50,683 25,000 Carrying  amount   Carrying   a t   b eginning   a mount   o f   a t   y ear b eginning   o f   y ear                                             23,892                                                 23,892                                                   3,801                                                    3,801 Bonds   non  oif  nterest   Carrying  amount   at  e(nd   year bearing)                                            80,606                                    5,360          (23,146)                                                  23,892 Depreciation                                10,360                        (4,909) Additions Additions                                            79,860                          996,995                        79,860                                              25,000                        351,816                              25,000 Website  infrastructure Website   Carrying  ianfrastructure mount  at  end  of  year                                            80,606                                                                    23,892 Depreciation Depreciation                                          (23,146)                                          (23,146)                                                    (4,909)                                                    (4,909) Carrying   amount   Carrying   at  beginning   amount   of   at   year beginning  of  year                                            23,892                                                23,892                                                  3,801                                                    3,801 Motor   vehicles Carrying  amount   Carrying   a t   e nd   a o mount   f   y ear a t   e nd   o f   y ear                                             80,606                                                 80,606                                              23,892                                                    23,892 (i)   T rade   r eceivables   a re   n on-­‐interest   b earing   a nd   a re   g enerally   o n   3 0-­‐90   d ay Additionsamount   Additions                                              79,860 25,000                                                    25,000 Carrying   at  beginning                                                79,860    5,525                                              36,494 Motor   vehicles of  year  An  aamount   llowance   doubtful   Depreciation terms.   Depreciation  (4,909) Additions                                          (23,146)        7,500        5,525                                            (4,909) Carrying   at  bfor   eginning   of  dyebts   ear is  made  when  there  is  objective                                          (23,146)          -­‐                                        36,494 Motor  vehiclesevidence   Motor  vehicles  trade   eceivable   Carrying  amount   Carrying   at  end  tahat   omount   f  yaear at  ernd   of  yearis  impaired.     Disposals                                            80,606              -­‐                                        80,606    7,500                                        (80,919) Additions  23,892                                                    23,892            -­‐   Carrying  amount   Carrying   at  beginning   amount   of   at   year beginning  of  year                                                  5,525                                                  5,525                                          36,494                                                    36,494 Depreciation Disposals                                              (8,237)                                                            -­‐                                  49,950                                                (80,919)   Additions Additions                                                  7,500                                                  7,500                                                        -­‐                                                  -­‐   As   at  31  December  2014  $289,171  (29%)  of  trade  receivables  were  past  due  but  not   Motor  vehicles Motor   vehicles Carrying   amount   at  end   of  year                                                  4,788                                                5,525 Depreciation                                                (8,237)                                                49,950 Disposals Disposals impaired,  compared  to  $142,767  (39%)  at  31  December  2013.                                                              -­‐                                                    -­‐                                (80,919)                                                  (80,919)   considered   Carrying  amount   at  beginning   of   year eginning                                                    5,525                                                  4,788 5,525                                          36,494                                                    36,494 Carrying   amount   at   ebnd   of  yearof  year    5,525 Depreciation Payment   Depreciation        t  hat                                    (8,237)                                                  (8,237)                                            49,950                                                    49,950 terms  on  these  amounts  have  not  been  re-­‐negotiated.    However  amounts   Additions                                        799,601          7,500                                                  7,500                                      775,634                  -­‐                                                  -­‐   Total   property  Additions plant  and  equipment are   ospitality   ave   Carrying  amount   Carrying   afor   t  ehnd   aomount   f  year w at  ill  ehnd   of  ayccess   ear withheld  until  payment  is  received  and  as  such                                                  4,788                                                  4,788                                              5,525                                                    5,525 Disposals Disposals                                                          -­‐                                  799,601                  -­‐                                (80,919)                                                775,634  (80,919)   Total   property   plant  than   and  tehose   quipment all   receivables   other   specifically  provided  for  are  considered  fully  recoverable. Depreciation Depreciation                                              (8,237)                                                  (8,237)                                            49,950                                                    49,950 Total  property  Total   plant  paroperty   nd  equipment plant  and  equipment                                        799,601                                        799,601                                                775,634                                                  775,634   at  end   aomount   f  year at  end  of  year                                                  4,788                                                  4,788                                              5,525                                                    5,525 TE  9:  Carrying   TRADE   Aamount   ND  6O PAYABLES NOTE   :  Carrying   ITHER   NVENTORIES Trade  pNOTE   ayables   (i)ost AND  OTHER  PAYABLES                                        222,637    75,470                                                            289,212  22,896 9At   :  T    cRADE   Total   Total   p  lant   aroperty   nd   equipment p    lant     Other  pproperty   ayables    (ii) pp                                                                                799,601 190,046                                                          75,470                        799,601                                                                                                775,634 164,850 Trade   ayables   (i) and  equipment 222,637                                                                    22,896                                775,634  289,212 TE  9:  TRADE   NOTE   AND  9O:  THER   TRADE   PAYABLES AND  OTHER  PAYABLES Other  payables      (ii)                                        190,046                                                    164,850                                        412,683                                                454,062 Trade  payables   Trade      (i) payables      (i)                                        222,637                                          222,637                                                289,212                                                    289,212                                        412,683                                                            454,062   7:  Other   O    THER   URRENT   ASSETS (i)  Trade   payables   nCon-­‐interest   bearing  and  are  normally  settled  on Other   pNOTE   ayables   (ii)are   payables      (ii)                                        190,046                                          190,046                                                164,850                                                    164,850 TE  9:  30   TRADE   AND  9O :  (i)   THER   TRADE   PAYABLES A ND   OTHER   Deferred   cposts 71,813     82,149 day  NOTE   terms. Trade   ayables   are  PnAYABLES on-­‐interest  bearing  and  are  normally  settled  on                                        412,683                                        412,683                                                454,062                                                  454,062   Trade   payables   Trade      (di)ay   ptayables      (i) bearing  and  have  an  average  term  of  one  month.                                        222,637                              52,624            222,637                                                289,212                                              -­‐      289,212 Prepayments (ii)  Other   payables   are   non-­‐interest   30   erms. (i)   T rade   p ayables   (i)   T rade   a re   n p on-­‐interest   ayables   a re   b earing   n on-­‐interest   a nd   a re   b earing   n ormally   a nd   s ettled   a re   n ormally   o n s ettled   o n Other  payables   Other      (O ii)ther   payables      (ii)are  non-­‐interest  bearing  and  have  an  average  term  of  one  m      onth.                                  190,046                        124,437                  190,046                                                164,850                                  82,149                  164,850 (ii)   payables   30  day  terms. 30  day  terms.                                        412,683                                        412,683                                                454,062                                                  454,062   (ii)  Other  payables   (ii)  Oather   re  npon-­‐interest   ayables  are   bearing   non-­‐interest   and  have   bearing   an  average   and  have   term   an  oaf  verage   one  mtonth. erm  of  one  month. RUGBYWA 2014 ANNUAL REPORT 57 (i)  Trade  payables   (i)  Trade   are  npon-­‐interest   ayables  are   bearing   non-­‐interest   and  are   bearing   normally   and  settled   are  normally   on settled  on 30  day  terms. 30  day  terms.


WESTERN AUSTRALIAN  RUGBY  UNION  (INC.) NOTES  TO  THE   CONSOLIDATED   FINANCIAL   STATEMENTS   WESTERN   AUSTRALIAN   RUGBY   UNION  (INC.)FOR  THE  YEAR WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.) ENDED   31   December   014 WESTERN   AUSTRALIAN   RUGBY   U NION  (INC.)FOR  THE  YEAR NOTES  TO  THE   CONSOLIDATED   FINANCIAL   S2TATEMENTS   WESTERN   AUSTRALIAN   RUGBY   UNION  (INC.)FOR  THE  YEAR NOTES  TO  THE   CONSOLIDATED   F INANCIAL   S TATEMENTS   ENDED  31   December  S2TATEMENTS   014 NOTES  TO  THE  CONSOLIDATED   FINANCIAL   FOR  THE  YEAR 2014 WESTERN   AUSTRALIAN   RUGBY   U014 NION  (INC.)FOR  THE  YEAR ENDED   31   December   NOTES  TO  THE   CONSOLIDATED   FINANCIAL   S2TATEMENTS   ENDED   3 1   D ecember   2 014 NOTES  TO  THE  CONSOLIDATED   FINANCIAL   FOR  THE  YEAR $ ENDED  31   December  S2TATEMENTS   014 2014 NOTES  TO  THE  CONSOLIDATED   FINANCIAL   FOR  THE  YEAR ENDED  31   December  S2TATEMENTS   014 NOTE  10:  UNEARNED  REVENUE 2014 $ 2014 ENDED  31  DECEMBER  2014 Unearned   membership                                    1,732,509 $ 2014 NOTE  10:   UNEARNED   REVENUErevenue $ 2014 Unearned   c orporate   h ospitality   r evenue                                   1,027,546 NOTE  10:   U NEARNED   R EVENUE $ Unearned   membership                                    1,732,509 NOTE  10:   UNEARNED   REVENUErevenue $ s ponsorship   r evenue       416,000   Unearned   m embership   r evenue                                   1,732,509 NOTE  10:   U NEARNED   R EVENUE 2014 Unearned   c orporate   h ospitality   r evenue                                   1,027,546 Unearned   membership   revenue                                  1,732,509 NOTE  10:   UNEARNED   REVENUE s ponsorship/event   r evenue             14,965   Unearned   c orporate   h ospitality   r evenue                                 1,027,546 m embership   r evenue 1,732,509 $ Unearned  csponsorship   revenue revenue      416,000   Unearned   orporate   hospitality                                                                                                        1,027,546 Unearned   embership   1,732,509 ponsorship   rrevenue      14,965 orporate   hospitality   revenue 1,027,546 NOTE  2:  Unearned   REVENUE  sm ND  OTHER   Ievenue NCOME Unearned   scsA ponsorship/event   revenue                                                                                                      3,191,020                  416,000 Unearned   ponsorship   r evenue 416,000     Unearned   orporate   hospitality   revenue 1,027,546 Unearned   revenue                                                                                                      3,191,020      416,000   ponsorship   evenue    14,965 Revenue   is  scrponsorship/event   ecognised   irn   accordance   with  accounting  policy  in  note  1(d) a) Revenue Unearned   s ponsorship/event   r evenue                                           ssponsorship   revenue          14,965 Unearned   ponsorship/event   revenue                                                          10,209,025            3,191,020            416,000 14,965    Unearned   -­‐   C ommercial   s ervices   Revenue   i s   r ecognised   i n   a ccordance   w ith   a ccounting   p olicy   i n   n ote   1 (d)                                   3,191,020 revenuewith  accounting  policy  in  note  1(d)                                                                1,023,263    3,191,020          14,965   NOTE  11:   MPLOYEE   NTITLEMENTS  Unearned   -­‐  CEommunity   rEugby Revenue   is  srponsorship/event   ecognised   in  accordance   Revenue  is  recognised  in  accordance  with  accounting  policy  in  note  1(d)                                  4,295,903  3,191,020 Current   -­‐   P rofessional   r ugby Revenue   i s   r ecognised   i n   a ccordance   w ith   a ccounting   p olicy   i n   n ote   1 (d) NOTE  11:  EMPLOYEE  ENTITLEMENTS is  erntitlements ecognised   in  accordance  with  accounting  policy  in  note  1(d)  Revenue   -­‐  CEorporate   services Employee                                          355,470 254,905   NOTE  11:   MPLOYEE   ENTITLEMENTS Current NOTE  11:   EMPLOYEE  ENTITLEMENTS  Current -­‐   F uture   F orce   F oundation   Ltd  -­‐  grant                                                                                254,905 NOTE  11:   E MPLOYEE   E NTITLEMENTS Employee   e ntitlements   254,905   59,450 Current NOTE  11:   MPLOYEE   ENTITLEMENTS  Employee   -­‐  IEnterest   reeceived   ntitlements                                                                                254,905 254,905   25,108 Current Employee   entitlements                                        254,905   Current                                                      15,968,219              254,905 Employee   entitlements   Non  current Employee   eentitlements                                                                                                                        254,905 254,905     254,905 b) Other  income Employee   ntitlements 189,310 Non  current                                         254,905  Non   -­‐  Grants   received 500,000 current Employee   entitlements                                                                                189,310 189,310   Non   current Employee   entitlements                                                                                500,000 189,310   Non  current 189,310 Employee   e ntitlements                                         189,310   Non   current Employee   entitlements                                        189,310   Reconciliations                                                                              189,310 Employee   e ntitlements   189,310     189,310 NOTE  3a:   OPERATING   EXPENDITURE Opening   b alance                                         323,108 Reconciliations                                         189,310 Included   w ithin   t he   c ategories   o f   o perating   e xpenditure   a re   t he   f ollowing   Charge   f or   y ear                                         378,693     Reconciliations Opening   balance                                        323,108 Reconciliations specific   ebxpenses: Utilised (257,586) Opening   alance                                         323,108     Reconciliations Charge   for   year                                                                                378,693 Opening   balance 323,108   Reconciliations As   a t   3 1   D ecember   444,215 Charge   f or   y ear                                         378,693   Opening   b alance 323,108 Utilisedfor  year Charge                                                                                                                    (257,586)    378,693     Opening   alance 323,108 Finance   cbosts Utilised (257,586) Charge   f or   y ear                                         378,693   As   a t   3 1   D ecember                                           444,215 Utilised                                       (257,586) Charge   f or   y ear                                         378,693   44,341 Bank     As  NaON-­‐INTEREST   t  c3harges 1  December  BEARING  LOANS  AND  BORROWINGS  444,215 Utilised                                      (257,586) NOTE  12:   As   at  31  December                                                                            (257,586)  444,215 Utilised   44,341   As   a t   3 1   D ecember                                           444,215 Current NOTE  12:   NaON-­‐INTEREST   BEARING  LOANS  AND  BORROWINGS As   t   3overnment   1  December                                                                                444,215 Depreciation   expense WA   G l oan   ( i)   320,000   NOTE  12:   N ON-­‐INTEREST   B EARING   L OANS   A ND   B ORROWINGS Current NOTE  12:   NON-­‐INTEREST  BEARING  LOANS  AND  BORROWINGS Depreciation Force15   Foundation   (ii)(i)                                                                                136,162 Current NOTE  12:   NON-­‐INTEREST   BEARING   LOANS  AND  BORROWINGS WA   Government   loan   320,000                    -­‐ Current NOTE  12:   NON-­‐INTEREST   BEARING   LOANS  AND  BORROWINGS 320,000 WA   Government   loan   (i)                                                                              136,162                    -­‐ Current Force15   F oundation   ( ii)   WA   Government  loan  (i)                                        320,000   Current Force15   Foundation   ii)(i)                                                                                320,000 WA   Government   loan   320,000                  -­‐ Employee   benefits   e(xpense Force15   Foundation   (ii)(i)                                                                                320,000 WA   G overnment   l oan                                        -­‐-­‐ Force15   Foundation                                  7,894,938        320,000 Wages   and   salaries (ii) Non  current                                         320,000 Force15   Foundation   (ii)(i)                                                                                689,595 320,000 Superannuation WA   overnment   loan   806,327                    -­‐ Non  Gcurrent              320,000                                                                                              8,584,533 Force15   F oundation   ( ii)   Non   c urrent WA   overnment  loan  (i)                                        806,327                    -­‐ Non  Gcurrent 806,327 WA   G overnment   l oan   ( i)                                                            -­‐ Non   c urrent Force15   Foundation   (ii)(i)                                                                                806,327 WA   Gcurrent overnment   loan     Non   Force15   Foundation   (ii)(i) is  an  unsecured                                                                                  806,327 WA   GA  overnment   loan   806,327                  -­‐ NOTE  3b:   INFRASTRUCTURE   EXPENDITURE (i)  SWTADIUM   Government   loan   interest  free  loan  from  the  Western   Force15   Foundation   (ii)(i)                                                                                806,327              -­‐ WA   G overnment   l oan            83,798 Force15   oundation   (ii) for  the  term  of  8  years,  ending  30  June  2017.                                        806,327              -­‐ Interest   oFn   loans Australian   G overnment   (i)   WA  Government   loan   is  an  unsecured  interest  free  loan  from  the  Western                                                                                806,327 Force15   F oundation   ( ii)                                               806,327 83,798                -­‐ (i)   W A   G overnment   l oan   i s   a n   u nsecured   i nterest   f ree   l oan   f rom   t he   W estern   Australian   Government   he   erm  of  8  iynterest   ears,  ending   30  June   (i)   WA  Government   loan  for   is  atn   utnsecured   free  loan   from  2t017. he  Western   (ii)  W Force15   oundation   wuas   an  io nterest   free   lfoan   rom   he  2Ft017. orce15   Foundation  (Inc.)                                        806,327 Australian   GFovernment   or   he   tnsecured   erm   f  8  iynterest   ears,   ending   30  June   (i)   A  Government   loan  lfoan   is  atn   ree  lfoan   ftrom   he  Western   Australian   Government   for   tn   he   tnsecured   erm  of  8  iynterest   ears,  ending   30  June   2t017. (i)   W A   G overnment   l oan   i s   a u f ree   l oan   f rom   he   W estern   and   was   fully   fASH   orgiven   in  lfoan   2014. NOTE  4:  Australian   CASH   AND   Coundation   EQUIVALENTS GFovernment   or   the   term   f  8  years,   ending   30  June   (ii)   Force15   was   an  io nterest   free   loan  from   the  2F017. orce15  Foundation  (Inc.) Australian   GFovernment   or  the   term   f  8  years,   ending   30  June   (ii)   Force15   oundation   lfoan   was   an  io nterest   free   loan  from   the  2F017. orce15  Foundation  (Inc.) Cash   aas   t  bfank    f  (orgiven   i) 530,675   and   w ully   i n   2 014. (ii)  Force15  Foundation  loan  was  an  interest  free  loan  from  the  Force15  Foundation  (Inc.) (iii)  FTorce15   cfarrying   amount   f  the   Association's   urrent   non-­‐current   borrowings   and   whe   ully   forgiven   in  loan   2o014. Term   das   eposits    (ii) 62,778   (ii)   Foundation   was   an  interest  fcree   loan  afnd   rom   the  Force15   Foundation  (Inc.) and   w as   f ully   f orgiven   i n   2 014. (ii)   Force15   Foundation   loan   was  an  interest  free  loan  from  the  Force15  Foundation  (Inc.) approximate   t heir   f air   v alue.   593,453 and   w as   f ully   f orgiven   i n   2 014. (iii)  The  carrying  amount  of  the  Association's  current  and  non-­‐current  borrowings   and   as  cfarrying   ully   forgiven   in  2o014. (iii)   Twhe   mount   f  the   ssociation's   current   on-­‐current   orrowings   (i)   bank   eaaarns   at  A loating  rates   based  aaond   n  dn bank   b approximate   their   fair  interest   value. (iii)  CTash   he  act   arrying   mount   of  the   Afssociation's   current   nd   naily   on-­‐current   borrowings   NOTE  13:   MTEMBERS'   FUNDS approximate   their   fair  value. (iii)   he  rcates. arrying   amount   of  the  Association's  current  and  non-­‐current  borrowings   deposit   approximate   their   fair  value. (iii)  SThort-­‐term   he  carrying   amount   of  m the   Association's   and   non-­‐current   borrowings   Accumulated   approximate   fair  vaalue. (ii)   eposits   re   ade   for  varying  pcurrent   eriods  o f  between   30  days   and NOTE  13:   MEMBERS'  tdheir   Fdeficit UNDS approximate   t heir   fair  ovf  alue. Balance   a t   b eginning   y ear                                (1,982,088) NOTE  13:   M EMBERS'   F UNDS three   m onths,   d epending   o n   t he   i mmediate   c ash   r equirements   o f   t he   A ssociation Accumulated   NOTE  13:   MEMBERS'  dFeficit UNDS Add:   D eficit   for   the   ytear      (602,201) Accumulated   dFeficit NOTE  13:   MeEMBERS'   UNDS and   arn   i nterest   a t   he   r espective   s hort-­‐term   d eposit   r ates. Balance   a t   b eginning   o f   y ear                                                                (1,982,088) Accumulated   dFeficit NOTE  13:   MEMBERS'   UNDS e nd   o f   y ear (2,584,289) Balance   a t   b eginning   o f   y ear                                 (1,982,088) Accumulated   d eficit Add:  Deficit   for  the  year      (602,201) Balance   at  beginning   of  year                                                                (1,982,088) d Add:   Deficit   fnd   or   year    (1,982,088)      (602,201) Balance   aA beeginning   of   year                                                            (2,584,289) NOTE  5:  Accumulated   TRADE   Oeficit THER   R ECEIVABLES Balance   at  t  ND   otthe   f  year Add:   D eficit   f or   he   y ear                                      (602,201) Balance   aat  t  beeginning   of  year                                                            (2,584,289) Balance   f  year Add:   Deficit   fnd   or  othe   year    (1,982,088)      (602,201) Current Balance   at  efnd   othe   f  year                                                          (2,584,289)        (602,201) Add:   D eficit   or   y ear     Balance   t  end      So                              (2,584,289)   991,635 NOTE  14:   CASH   FaLOW   RECONCILIATION Trade   debtors   (TATEMENT   i)f  year   Balance  at  feor   nd   of  year debt                              (2,584,289)   Allowance   d oubtful    -­‐ NOTE  14:  CASH  FLOW  STATEMENT  RECONCILIATION Reconciliation   oSf  TATEMENT   surplus   to  nRet   cash  provided  by  operating  activities Bonds   (non   interest   bearing)  5,360 NOTE  14:   CASH   FLOW   ECONCILIATION NOTE  14:  CASH  FLOW  STATEMENT  RECONCILIATION  996,995 NOTE  14:   CASH  FLOW  oSf  TATEMENT   ECONCILIATION Reconciliation   surplus  to  nRet   cash  provided  by  operating  activities NOTE  14:   CASH   FLOW   ECONCILIATION Net   deficit   for  otShe   periodto  nRet                                        (602,201) Reconciliation   f  TATEMENT   surplus   cash  provided  by  operating  activities Reconciliation  of  surplus  to  net  cash  provided  by  operating  activities Reconciliation   f  surplus   o  net  cash  pbrovided   y  oaperating   activities (i)   Trade   receivables   are  nton-­‐interest   earing  abnd   re  generally   on  30-­‐90  day Net   deficit   for  othe   period                                      (602,201) Reconciliation   othe   f  surplus   net  cash   provided   by  wohen   perating   Add/(less)   on-­‐cash   iftems: Net  deficit   or   period                                      (602,201) terms.    An  anfllowance   or  dto   oubtful   debts   is  made   there  aictivities s  objective Net  deficit  for  the  period                                      (602,201) Net   deficit   period                                      (602,201) evidence   that   at  he   trade   receivable  is  impaired.     Add/(less)   nfor   on-­‐cash   items: Net   d eficit   f or   t he   p eriod Depreciation                                                                            (602,201)  136,162   Add/(less)   non-­‐cash  items: Add/(less)  non-­‐cash  items: Interest                                                                                  136,162   Add/(less)   non-­‐cash   items: As   at  31  cDharged ecember   2014   $289,171  (29%)  of  trade  receivables  were  past  due  but  not   Depreciation      83,798 Add/(less)   nimpaired,   on-­‐cash  items: Loan   f orgiveness (261,215) Depreciation                                         136,162   considered   c ompared   t o   $ 142,767   ( 39%)   a t   3 1   D ecember   2 013.     Interest  charged                                                                                136,162   Depreciation      83,798 Loss   oforgiveness n  dcisposal   ssetsamounts  have  not  been  re-­‐negotiated.    However  amounts  that                                                                            (261,215)  136,162            -­‐ Interest   Depreciation      83,798 Payment   tharged erms  oon  f  tahese   Loan   Interest   charged                                                                                136,162    83,798   Depreciation   Loan   f orgiveness (261,215) Interest   c harged                                             83,798   are   f or   h ospitality   w ill   h ave   a ccess   w ithheld   u ntil   p ayment   i s   r eceived   a nd   a s   s uch Loss  oforgiveness n  disposal  of  assets                                                                            (261,215)                    -­‐ Loan   Interest   harged              -­‐ Before   and   liabilities Loss   oforgiveness n  cdchange   isposal   oaf  ssets   assets              83,798 Loan   (261,215) all   receivables   oin   ther   than   those   specifically  provided  for  are  considered  fully  recoverable.                                                                            (643,456) Loss   o n   d isposal   o f   a ssets                                                          -­‐ Loan  oforgiveness                                                                          (261,215) Loss   n   d isposal   o f   a ssets                      -­‐ Before  change  in  assets  and  liabilities                                      (643,456) on  cd assets                                                                            (643,456)                    -­‐ Change   ihange   n  isposal   assets   liabilities   during  the  financial  period Before   in  oaaf  nd   ssets   and  liabilities NOTE  6:  Loss   INVENTORIES Before  change  in  assets  and  liabilities                                      (643,456) (Increase)   decrease   n  raeceivables                                      (643,456) (645,179) Before   in  aand   ssets   nd  liabilities At   cost cihange   75,470   Change   n  a/  ssets   liiabilities   during  the  financial  period Before   c hange   i n   a ssets   a nd   l iabilities                                                                          (643,456) (Increase)   /   d ecrease   i n   o ther   c urrent   a ssets       (42,288) Change   i n   a ssets   a nd   l iabilities   d uring   t he   f inancial   p eriod 75,470   (Increase)   decrease   n  receivables                                      (645,179) Change   in  a/  ssets   and  liiabilities   during  the  financial  period                                                                            (645,179)        (52,574) (Increase)   d ecrease   n   rionventories eceivables Change   in  a//    ssets   and  liiiabilities   durrent   uring  tahe   financial  period (Increase)   d ecrease   n   ther   c ssets (42,288) (Increase)    ssets   decrease   n  receivables                                      (645,179) Change   in  a//(decrease)   and  liiiabilities   uring   tahe   financial  period Increase   nearned   revenue  d o ther  cdurrent   ssets                                                                            (645,179)    425,098  (42,288) rinventories eceivables NOTE  7:  (Increase)   OTHER  C/  URRENT   ASSETS (Increase)   decrease   ecrease   in   n  u (52,574) (Increase)   ///      d n   o ther  current  assets                                                                            (645,179)      (42,288) (Increase)   decrease   ecrease  iiin   n  p ronventories eceivables Increase   /   ( decrease)   ayables (41,379) (Increase)   /   d ecrease   i                                                                              425,098    (52,574) ther  current   assets (42,288) Deferred   c osts 71,813   Increase   /   ( decrease)   i n   u nearned   r evenue   (Increase)   /   d ecrease   i n   i nventories                                           (Increase)   /(decrease)    d decrease   ecrease  iin   n  u onventories ther  current   assets                                                                              425,098  (52,574) (42,288) e mployee   e ntitlements 121,107 Increase   /   nearned   r evenue     (Increase)   /   i Prepayments 52,624   Increase  //    ((decrease)   decrease)  iin   n  u pnearned   ayables revenue                                                                              425,098  (52,574) (41,379) Increase       (Increase)    decrease   n   inventories                                                                            (878,671)  425,098    (52,574) Net   cash  //p    /((rovided   by  iiin   operating   activities Increase   decrease)   p ayables u nearned   reevenue Increase   decrease)   n   employee   ntitlements                                                                                124,437 121,107  (41,379) Increase   /   ( decrease)   i n   p ayables     (41,379) Increase  //    ((decrease)   decrease)  iin   n  ep umployee   nearned  reevenue 425,098 Increase   ntitlements                                                                                                                  (878,671)    121,107    (41,379) ayables Net   cash  /p  (rovided   by  in   operating   activities Increase   decrease)   employee   entitlements Increase   //p    ((rovided   decrease)   iin   p ayablesactivities                                                                                                                  (878,671)      121,107      (41,379) Net   c ash   b y   o perating   Increase   decrease)   n   e mployee   e ntitlements 121,107 58 Net   RUGBYWA ANNUAL REPORT cash   provided   by  i2014 operating   activities Increase   decrease)   employee   entitlements                                                                                                                  (878,671)  121,107   Net   cash  /p  (rovided   by  n   operating   activities (878,671)

2013 $ 2013 2013 $ 2013                                                    1,617,774 $ 2013 $ 2013                                                                                                            1,108,457 $ 1,617,774  1,108,457                  2013    -­‐   $                                                                                                            1,617,774                                                      1,617,774                                                                                                            1,108,457 1,617,774                        39,691            -­‐   $                                                                                                            1,108,457 1,617,774                                                                                                            2,765,922                        39,691            -­‐   1,108,457                        -­‐                                                                                                                                                                    1,108,457 39,691                        -­‐                                                              2,765,922                                                                                                                                                11,400,750            2,765,922                                    39,691            -­‐   39,691                                                                                                                                                                  2,765,922        896,747      39,691 2,765,922                                                      4,317,030  2,765,922

59,077                                                              167,228 -­‐                                                                                                                            167,228  167,228  60,663                                                                                                                        167,228  167,228                                                                167,228                                                16,734,266            167,228                                                                                                                                                                                        167,228  167,228 167,228  155,880                                                                                                                        167,228     -­‐                                                              155,880  155,880  -­‐                                                                                                                        155,880  155,880                                                                155,880                                                            155,880                                                                                                                                                                                        155,880    155,880 155,880 342,060                                                                                                                                                                                      155,880    309,606 342,060                                                                                                                    (328,558)        342,060                                                              309,606 342,060  323,108  309,606 342,060                                                                                                                                                                              (328,558)        309,606 342,060                                                                                                                                                                              (328,558)    323,108  309,606                                                                                                                      (328,558)    323,108  309,606    45,902                                                          (328,558)                                                                                                                    (328,558)  323,108    45,902                                                            323,108                                                                                                                          323,108    320,000                                                                                                                        152,284    66,500    320,000 152,284    320,000                                                                                                                                                                                    386,500    66,500  320,000                                                                                                                        386,500  320,000          66,500                                                                                                                            320,000 66,500                                                    7,776,875        386,500      66,500                                                                                                                        386,500        66,500      650,241 386,500                                                        1,051,246                                                                                                                                                              8,427,116      1,051,246            386,500  185,998 1,051,246                                                                                                                                                                  1,237,244        185,998 1,051,246                                                                                                            1,237,244        185,998 1,051,246                                                                                                            1,051,246        185,998                                                      1,237,244      108,911  185,998                                                                                                                                                                  1,237,244      108,911 1,237,244    185,998                                                      1,237,244  1,184,300  767,953  1,952,253

                                                       (821,598)                                                                                                        (1,160,490)      (821,598)                                                                                                        (1,982,088)      (821,598)                                                    (1,160,490)      (821,598) (1,160,490)                                                                                                        (1,982,088)      (821,598)                                                                                                        (1,160,490)      (821,598)                                                    (1,982,088) (1,160,490)                                                                                                                                                            (1,982,088) (1,160,490) (1,982,088)  366,002                                                    (1,982,088) (24,546)  

10,360 351,816                                                          (1,160,490)                                                        (1,160,490)                                                      (1,160,490)                                                    (1,160,490)                                                    (1,160,490)                                                                                                        (1,160,490)          152,284                                                                                                                            108,911 152,284 (30,000)   152,284                                                                                                                                                                                          108,911 152,284                                                                                                                          102,519 108,911 152,284   (30,000)                                                                                                                              108,911 152,284 (30,000)   108,911                                                                                                                                                                                        102,519   (30,000)   108,911                                                                                                                    (826,776)        102,519 (30,000)                                                                                                                            102,519  (30,000)                                                                                                                      (826,776)    102,519                                                                                                                    (826,776)    102,519                                                          (826,776)                                                          (826,776)    391,112  22,896                                                                                                                                                                              (826,776)        154,602  22,896 391,112    50,535                                                                                                                            391,112 154,602                                                              391,112                                                                                                                    (694,832)    154,602 391,112    50,535                                                                      154,602                                                                                                                                                                              (229,989)    391,112    82,149  50,535 154,602 (694,832)                                                                                                                            154,602    50,535  (229,989)  (18,952)                                                                                                                    (694,832)    50,535 -­‐                                                                                                                      (694,832)        50,535                                                                                                        (1,174,300)      (229,989) (694,832)  82,149    (18,952)                                                                                                                          (229,989) (694,832)    (18,952)                                                                                                          (1,174,300)      (229,989)    (18,952)                                                                                                                                                              (1,174,300)                  (229,989)    (18,952)                                                                                                                                                              (1,174,300)          (18,952)   (1,174,300)


2014 2013 NOTE 15:  SEGMENT  INFORMATION NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR 31  December   014 $ $ WESTERN  ENDED   AUSTRALIAN   RUGBY  2U NION  (INC.) 2014 2013 NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR NOTE  15:   SEGMENT   INFORMATION The   Association   operates  solely  within  the  Sporting  Industry   o f   A ustralia. $ $ ENDED  31  December  2014 2014 2013 NOTE  15:  SEGMENT  INFORMATION NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR $ $ The  Association  operates  solely  within  the  Sporting   Industry   f  A WESTERN   AUSTRALIAN   RUGBY   UNION  (INC.) ENDED   3o1   Dustralia. ecember   2014 2014 2013 NOTE   SEEGMENT   INFORMATION NOTE  1 15:   6:   XPENDITURE   C OMMITMENTS The  Association  operates  solely   within  TtO   he  TSHE   porting   Industry  of  A ustralia. STATEMENTS  FOR  THE  YEAR $ $ NOTES   CONSOLIDATED   FINANCIAL   2014 2013 Operating   Leases NOTE  15:   SEGMENT   INFORMATION The   A ssociation   o perates   s olely   w ithin   t he   S porting   I ndustry   o f   A ustralia. NOTE  16:   EXPENDITURE   OMMITMENTS ENDED   31  DECEMBER  2014 $ $ The   Association  hCas   entered  into  the  following  commercial   leases:-­‐ Operating   Leases NOTE  1 16:   5:   SEGMENT   INFORMATION NOTE   E XPENDITURE   C OMMITMENTS The  Association  operates  solely  within  the  Sporting  Industry  of  Australia. The   Association  has  entered  into  the  following  commercial  leases:-­‐ Building 2014 2013 Operating  Leases NOTE  16:   EXPENDITURE   OMMITMENTS The   Alease   ssociation   oiCas   perates   solely   tn   he   Sporting   Industry   oith   f  Aaustralia. This   has  an  h nitial   date   ointo   f  ew xpiry   the   30  cJommercial   une   2016,  w  further  3  options  on   $ $ The   A ssociation   entered   tithin   he  foollowing   leases:-­‐ Operating   Leases Building 30   JXPENDITURE   une  2021,   30  O June   2026   and  30  June  2031.     NOTE  126:   :  REEVENUE   AND   THER   INCOME NOTE   C OMMITMENTS The  Alease   ssociation   entered   the  foollowing   leases:-­‐ This   an  hias   nitial   date  ointo   f  expiry   n  the  30  cJommercial   une  2016,  w ith  a  further  3  options  on   a) RevenuehLas   Building Operating   eases 30   JXPENDITURE   une   23021,   30  CJune   2t026   and   30   June   2031.  t   o  move  from  these  premises. NOTE  16:   E OMMITMENTS As   a t   t he   1   D ecember   here   w as   n o   i ntention    -­‐  Commercial   ervices                              10,209,025  11,400,750 This   has  asn   nitial   date  ointo   f  expiry   n  the  30  cJommercial   une  2016,  w ith  a  further  3  options  on   The   Alease   ssociation   hias   entered   the  foollowing   leases:-­‐ Building Operating   eases There   are   nLo   restrictions   placed   the   lessees   30   une   2021,   3rugby 0  June  2026   and  u3pon   0  June   2031.     business  operations  by  entering  -­‐  CJommunity    1,023,263  896,747 This   as   an  hias   nitial  tdhere   ate  ow f  eas   xpiry   on  the  30  to   June   2016,   with   a  further   3  options  on   As   at  Atlease   tssociation   he  3hl1   December   no  intention   move   from   these   premises. The   into   hese   eases.  -­‐  Professional   rugbyentered  into  the  following  commercial  leases:-­‐  4,295,903  4,317,030 Building 30  June   2021,   30  June  2026   and  u3pon   0  June   2031.     business  operations  by  entering There   are   no  restrictions   placed   the   lessees   As   t  lease   the  3h1  as   Dservices ecember   no  intention   move   from   these   premises.  -­‐  Caorporate   355,470    59,077 This   an  initial  tdhere   ate  ow f  eas   xpiry   on  the  30  to   June   2016,   with   a  further   3  options  on   into   these   leases. Building Future   r entals   p ayable   u nder   t his   l ease   a s   a t   3 1   December   are  as  bfy   ollows: There   are   norce   o  restrictions   placed   the   lessees   business  2o014   perations   entering  -­‐  FaJuture   Latd   -­‐  u3gpon   rant 59,450   -­‐   30   une   2F3021,   3F0  oundation   June  2t026   nd   0   June   2031.     o   As   t   t he   1   D ecember   here   w as   n o   i ntention   t m ove   f rom   t hese   p remises. This   as  an  initial  date  of  expiry  on  the  30  June  2016,  with  a  further  3  options  on   into   tlease   hese  hrleases.  There   -­‐  Interest   eceived 25,108     60,663 arore   no   restrictions   placed   u3pon   the   laessees   business  2o014   perations   entering Future   entals   ayable   nder   this   lease   a2 s  031.   t  31     December   are  as  bfy   ollows: 30   June   2ne   021,   3p0   June  2u026   and   0   June   Within   yDear                                                                15,968,219                                                              16,734,266    145,830      150,221 As   at  these   the   3l1   ecember  there  was  no  intention  to  move  from  these  premises. into   eases. After   o ne   y ear   b ut   n ot   m ore   t han   f ive   y ears                                        652,603                                                                631,572 Future   entals   payable  under   this   lease   as  laessees   t  31  December   are  as  bfy   ollows: There   arre   no  restrictions   placed   upon   the   business  2o014   perations   entering b) Other   i ncome Within   one        150,221          145,830 As   at  tthe   31   Dear ecember   More   han   fyive   years there  was  no  intention  to  move  from  these  premises.                                                                    2,432,101                                                                                                            2,603,354 into   these   leases.  -­‐  Grants   ryeceived   Future   rre   entals   pbayable   under   his   lfease   as  laessees   t  31  December   2o014   are  as  bfy   ollows: After   oane   ear   ut  not  m ore   tthan   ive  tyhe   ears                                                                  3,234,925      652,603   500,000                                                                                                          3,380,756        631,572-­‐   There   n o   r estrictions   p laced   u pon   b usiness   perations   e ntering     Within  one  year                                        150,221    500,000                                                              145,830  -­‐ More   than  leases. five  years                                  2,432,101                                                      2,603,354 into   t hese   After   one   year  pbayable   ut  not  m ore  tthan   ive  years                                        652,603                                                                631,572 Future   roentals   under   his  lfease   as  at  31  December  2014  are  as  follows: Within   ne  year                                  3,234,925      150,221                                                        3,380,756        145,830 The  Association   as  a  contractual  obligation  to  pay  back  the  interest  free  loans. More   than  five  yhears                                  2,432,101                                                      2,603,354 one   year  pbEayable   ut   not  m ore  tthan   ive  years                                        652,603                                                                631,572 NOTE  3After   a:  OPERATING   XPENDITURE Future   rentals   under   his  lfease   as  at  31  December  2014  are  as  follows:                                  3,234,925                                                      3,380,756 Within   one   yive   earytears      150,221          145,830 More   t han   f                                  2,432,101                                                      2,603,354 Included   w ithin   he   c ategories   o f   o perating   e xpenditure   a re   t he   f ollowing   The   A ssociation   h as   a   c ontractual   o bligation   t o   p ay   b ack   t he   i nterest   f ree   l oans. Within   one   yearbut  not  more  than  five  years                                                                                320,000                                                                                                                                386,500 After   one   year   652,603 631,572                                   3,234,925                                                       3,380,756 specific   e xpenses: Within   one   year ut  not  more  than  five  years                                              919,998 150,221                                                      1,502,325        145,830 After   ne   year       The   Ao ssociation   as  a  contractual  obligation  to  pay  back  the  interest  free  loans. More   than   five  byh ears                                                                    2,432,101                                                                                                            2,603,354 Within   oore   ne   earbut                      -­‐ After   year   not   more  than  five  years 652,603 631,572 After  o mne   tyhan   five   years                                                                                                      3,234,925            320,000                                                                                                                                                                  3,380,756                386,500                -­‐   Finance   costs The   Ao ssociation   as   a  cm ontractual   bligation   After   ne   year   ut   not   ore  than  o five   years to  pay  back  the  interest  free  loans.      919,998   1,502,325 More   than   five  byh ears                                                                    1,239,998 2,432,101                                                                                                            1,888,825 2,603,354 Within   o ne   y ear                                         320,000                                                                 386,500 Bank  m charges        -­‐ After   ore  than  five  years                                  3,234,925                  44,341                                                      3,380,756                      45,902    -­‐   After   ne  year  bh ut  not  more  than  five  years                                        919,998                                                        1,502,325 The  Ao ssociation      45,902 Within   one  year as  a  contractual  obligation  to  pay  back  the  interest  free  loans.                                  1,239,998      320,000   44,341                                                      1,888,825        386,500 After  more  than  five  years                                                          -­‐                                                                              -­‐   After   ne  year  ebxpense ut   not   ore  than  o five   years to  pay  back  the  interest  free  loans.                                        919,998                                                        1,502,325 Depreciation   The   Ao ssociation   h as    cm ontractual   bligation   NOTE  17:   RELATED   ARTY   DaISCLOSURES                                  1,239,998                                                      1,888,825 Within   oore   ne  tyPhan   ear          320,000                    -­‐        386,500 After   m f ive   y ears                                            -­‐   Depreciation 136,162                                                                      152,284 After  one  year  but  not  more  than  five  years                                                                    1,239,998      919,998                                                                                                              1,888,825 1,502,325   136,162 152,284   NOTE  17:   RELATED   DISCLOSURES Within   one  yPear                                        320,000                                                                386,500 Members   tARTY   he  fBive   oard After  more  otf  han   years                                                          -­‐                                                                              -­‐   After   one  ybear   ut  npeot   more   than  five                                          919,998                                                        1,502,325 Employee   xpense The   names   oPenefits   f  ARTY   ebach   holding   the  ypears osition  of  Board  Member  of  the  Association  during  the NOTE  17:   RELATED   Derson   ISCLOSURES                                  1,239,998                                                      1,888,825 Members   otf  shan   the   oard After   maore   fBive   years                                        7,894,938                  -­‐                                                              7,776,875                -­‐   Wages   nd   alaries financial   year   were: NOTE  17:   RELATED   ISCLOSURES The   names  oPf  ARTY   each  D person   holding  the  position  of  Board  Member  of  the  Association  during  the                                  1,239,998                                                      1,888,825 Superannuation 689,595    650,241 Members   of  the  Board financial   year  were: I  Cochrane,    L  Davies,  J  Edwards,  C  Fear,  S  Fink,  M  Fulker,  K  Gallagher,                                     8,584,533   8,427,116 R   P erry   ( Chairman),   The   names  oPf  ARTY   each  D person   holding  the  position  of  Board  Member  of  the  Association  during  the NOTE  17:   RELATED   ISCLOSURES Members   of  Dt  he   Board A  Howarth,   Redpath,   H  Sauer,  S  Staniforth,  B  Stewart,  D  Vaux financial   year   w ere: The   n ames   o f   e ach   p erson   holding   he  position   of  Board   Member   of  Mthe   Association   during  the R   (Chairman),   Cochrane,    EL  XPENDITURE Dtavies,   J  Edwards,   C  Fear,   S  Fink,    Fulker,   K  Gallagher,   NOTE  137:   ELATED   PARTY   DI  ISCLOSURES b:  PRSerry   TADIUM   NFRASTRUCTURE   Members   of  tIhe   Board financial   y ear   w ere: A   H owarth,   D   R edpath,   H   S auer,   S   S taniforth,   B   S tewart,   D   V aux The   following   elated   arty   transactions   oJ  ccurred   uring   he   earof  Mthe   Interest   on  oloans 83,798    108,911 R   Perry   (Chairman),    Cpochrane,    L  Dtavies,   Edwards,   C  Fear,   S  Fyink,    Fulker,   K  Gallagher,   The   n ames   f  erach   pIerson   holding   he  position   of  Bdoard   Mtember   Association   during  the of  Dtw Btoard  Members   -­‐  A Howarth   he  Chairman   t  John  of  GBod   Hospital   83,798   108,911   A   H  owarth,    he   Ras   edpath,   H  Sauer,  oSf    SStaniforth,    Stewart,   D  aVnd   auxMermaid  Marine financial   y ear   w ere: R   Perry    Cpochrane,    L  Dtavies,   Edwards,   C  Fear,   S  Fyink,    Fulker,   K  Gallagher,   The   following   elated   arty   transactions   oJ  ccurred   uring   he   earof  Mthe   n ames   of  erpach   pIerson   holding   he  position   of  Bdoard   Mtember   Association   during  the Front   of  (Chairman),   jersey   artnership A   H owarth,   D   R edpath,   H   S auer,   S   S taniforth,   B   S tewart,   D   V aux  -­‐-­‐    A owarth   as   the  CChairman   hairman  oof  f  Wt   John  of  GAod   Hospital  and  Mermaid  Marine yND   ear   w ere:    SHftewart   wCwas   the   ustralia The   ollowing   related   arty  transactions   during   the   ear M  Fulker,  K  Gallagher,   NOTE  4  financial   :  CB A(Chairman),   ASH   EIQUIVALENTS R   PASH   erry    Cpochrane,    L  DorkFocus   avies,  oJ  ccurred   Edwards,   C  Fear,   S  Fyink,   Front   o f   jjersey   p artnership o f   ersey   p artnership  Front   -­‐   A   H owarth   w as   t he   C hairman   o f   S t   J ohn   o f   G od   Hospital   nd   ermaid  Marine Cash   at  bank   i) 530,675    1,184,300 A   Howarth,   D  R  r(edpath,   H  Sauer,   S   taniforth,   B  Stewart,   D  atVhe   auxyM The   f ollowing   elated   p arty   t ransactions   o ccurred   d uring   ear M  Fulker,  K  Gallagher,    R   -­‐  B  Stewart   was  the  IC  Chairman   o  f  LW AustraliaC  Fear,  S  Fink,   Perry   (Chairman),   ochrane,    DorkFocus   avies,  J  Edwards,   Front   odf  eposits   jersey  p artnership Term     ( ii) 62,778    767,953  Terms   -­‐   A   H owarth   w as   t he   C hairman   o f   S t   J ohn   o f   G od   H ospital   a nd   M ermaid   M arine Front   o f   j ersey   p artnership Redpath,   Sauer,    Staniforth,    Stewart,   D  Vaux and  cD onditions   opf  H t  ransactions   with  orccurred   elated   pdarties  A   -­‐  BH  owarth,   Sftewart   w  as   the  Chairman   of  SW orkFocus   ABustralia   593,453   1,952,253 The   ollowing   r elated   arty   t ransactions   uring   t he   y ear Front   f  jersey   partnership Sales   to nd  pwurchases   from  related   pJohn   arties   re   mHade   in  arms   transactions   Front   oo  f  aajersey   peartnership    (i)   -­‐-­‐    A owarth   as   the  CChairman   hairman   St   of  aGA od   ospital   nd  length   M ermaid   Marine both  at ash   t  bconditions   ank   arns   aof  t  f  W floating   based   on  daaily   bank   BC    SH was   trices   he   o orkFocus   ustralia Terms   am nd   oapinterest   f   transactions   wommercial   ith  orrates   elated   perms. The   ftewart   ollowing   related   arty   transactions   ccurred   darties uring  the  year normal   arket   p nd   o n   n ormal   c t Front   of  jersey   p deposit   Front   ersey   partnership artnership Sales   too  f  rajates. nd  pwurchases   from  related   arties   mHade   in  arms   transactions    Terms   -­‐  A  Howarth   as   the  Cohairman   of  St  pJw ohn   orelated   f  aGre   od   and  length   Mermaid   Marine both  at and  conditions   f  atransactions   ith   pospital   arties  (ii)   -­‐  B  SShort-­‐term   tewart   was   the  Chairman   of  Wfor   orkFocus   Apustralia dpartnership eposits   re   mnade   arying   eriods   of  between  30  days  and normal   m arket   rices  and   on   ormal  cvommercial   terms. Front  too  f  ajersey   p Sales   nd   p urchases   f rom   r elated   p arties   a re   m ade   i n   a rms   l ength   t ransactions   both  at Front   om f  nd   jersey   p three   onths,   dartnership epending   on  the   immediate   equirements  of  the  Association Terms   aM conditions   oP f  ERSONNEL   transactions   ith  related   prarties  normal   -­‐  BK  SEY   tewart   was   trices   he  Chairman   o f  W orkFocus   Acash   ustralia NOTE  18:   ANAGEMENT   Dcw ISCLOSURES m arket   p a nd   o n   n ormal   ommercial   t erms. and  etarn   interest   at  the   respective   Sales   nd   purchases   from   related  sphort-­‐term   arties  are  dmeposit   ade  in  raates. rms  length  transactions  both  at Front   oo  f  ajersey   partnership Terms   am nd   conditions   oaf   transactions   wommercial   ith  related  tperms. arties normal   arket   prices   nd   on  normal   NOTE  18:   KDEY   MANAGEMENT   P ERSONNEL   DcISCLOSURES (i)   etails   o f   K ey   M anagement   P ersonnel to  aAnd   purchases   from  related  parties  are  made  in  arms  length  transactions  both  at NOTE  5Sales   :  TRADE   ND   OTHER  oRf  ECEIVABLES Terms   aMnd   conditions   transactions   with  related   parties Key   management   personnel   the  aDssociation   during   the  financial  year  were: NOTE  18:   K EY   ANAGEMENT   P ERSONNEL   normal   m arket   p rices   a nd   on  onf  ormal   cISCLOSURES ommercial   terms. Current (i)   Details   of  pKurchases   ey  Management   Personnel Sales   to  and   from  related   parties  are  made  in  arms  length  transactions  both  at Trade   dM ebtors      p  F(rices   i)personnel   991,635    366,002 NOTE  18:   KEY   ANAGEMENT   Key   management   the   aDssociation   during   the  fN inancial   ear   ere: normal   m arket   a  AP nd   on  oEnf    ormal   cISCLOSURES ommercial   terms. M   Mey   oley,    ERSONNEL   Hill,   M anawaiti,   M  Sinderberry,    Smith,  yM  Ww ilson (i)  C Dalverley,   etails   of  K Management   Personnel Allowance  for  doubtful  debt  -­‐ (24,546)   Key   management   personnel   of  the  aDssociation   during  the  financial  year  were: NOTE  18:   KDEY   M ANAGEMENT   PERSONNEL   ISCLOSURES Bonds   (non    5,360  10,360 (i)   etails   of  interest   K Moanagement   Personnel M   Calverley,   M  Foley,    ayable   A  Hill,  Eincluding    M anawaiti,   M  Sinderberry,   N  Smith,   M  Wsilson Total   income   pey   aid   r  bpearing) termination   payments   and  long   ervice  leave, Key   m anagement   p ersonnel   o f   t he   a ssociation   d uring   t he   f inancial   y ear   w ere:   996,995 351,816   NOTE  18:   K EY   M ANAGEMENT   P ERSONNEL   D ISCLOSURES or   oalverley,   therwise   mey   available   all   key  management   personnel   of  WM estern   Australian M   M  ade   Foley,    A  Hill,  tEo    M anawaiti,   M  Sinderberry,   N  Smith,    Wilson (i)  C D etails  of  K Management   P ersonnel Total  income   aid  oin   r  prespect   ayable  oincluding   termination   nd  alssociation ong  service  leave, Rugby   Union  (pInc.)   f  tthe   he  am anagement   of  paayments   ffairs   of  tahe   1,230,016 1,319,732 Key   m anagement   p ersonnel   o f   ssociation   d uring   t he   f inancial   y ear   w ere: M   C M  ade   Foley,   A  Hnill,    M anawaiti,   M  Sinderberry,   N  Smith,   M  Wilson or   oTalverley,   therwise   mey   available   tEo   all   key  bmearing   anagement   personnel   of  oW estern   ustralian rade   receivables   a  re   on-­‐interest   and  apre   generally   n   30-­‐90   dAay (i)   D etails   of  K P ersonnel Total   income   paid  Moanagement   r  p ayable   including   termination   ayments   and   long   service   leave, Rugby   (Inc.)   iersonnel   n  ransactions   rfespect   he   m of  hen   ffairs   of  tis   he   association 1,230,016 1,319,732 terms.   Anion   n  abllowance   or  doubtful   daey   ebts   is  made   w tm here   Key   management   oof  f  tathe   ssociation   dwuring   the   fanagement   inancial   ear   were: There   hU  ave   een   npo   aknd   banagement   alances   ith   kapey   or   oalverley,   therwise   m  ade   atvailable   m anagement   ersonnel   oof  bjective WyM estern   Australian M   C M Foley,   A  Hill,  tEio    Mll   anawaiti,   M  Sinderberry,   N  Smith,    pWersonnel Total   income   or  p  rayable   ncluding   termination   and  long   silson ervice  leave, evidence   hat  (pInc.)   aaid    trade   eceivable   is  iym mpaired.     of  paayments   and   their   rtelated   parties   during   ear. Rugby   Union   in  respect   of  the   anagement   ffairs  of  the  association 1,230,016 1,319,732 or   oalverley,   therwise   m  ade   all   ey  bm anagement   ersonnel   of  WM estern   Australian There   have  bM een   no  atvailable   ransactions   aknd   alances   with  kpey   management   M  C Foley,    A  Hill,  tEo    M anawaiti,   M  Sinderberry,   N  Smith,    pWersonnel ilson Total   i ncome   p aid   o r   p ayable   i ncluding   t ermination   p ayments   a nd   l ong   s ervice   l eave, Rugby   (Inc.)   in   respect   of  tthe   he  (ym anagement   affairs  of  the   association 1,230,016 1,319,732 As  at   3U 1  nion   Drecember   2014   289,171   29%)   of  trade  orf  eceivables   were   past  due  but  not   and   their   elated   parties   d$uring   ear. There   have  been   no  atvailable   ransactions   alances   with  kpey   management   personnel or  otherwise   made   to  all  aknd   ey  bm anagement   ersonnel   of  Western   Australian Total   i ncome   p aid   o r   p ayable   i ncluding   t ermination   p ayments   a nd   l ong   s ervice   l eave, considered   i mpaired,   c ompared   t o   $ 142,767   ( 39%)   a t   3 1   D ecember   2 013.     NOTE  19:   REMUNERATION   AdUDITORS and   their   related   parties   uring   Rugby   Union   (Inc.)   in  OrF   espect   of  the  ymear. anagement  of  affairs  of  the  association 1,230,016 1,319,732 There   have   been   tvailable   ransactions   bm alances   with   kpey   management   personnel or   otherwise   made   to  all  aknd   anagement   ersonnel   of    W estern   Aaustralian Payment   terms   onn  o  tahese   amounts   hey   ave   not  been   re-­‐negotiated.   However   mounts  that and   heir   related   parties   dUDITORS uring   ym ear. NOTE  19:   REMUNERATION   Rugby   Uhnion   (f  Inc.)   in  O rF   espect   f  the  Rw anagement   opf  ayment   affairs   ois   f  & trhe   association 1,230,016 1,319,732 are   fator   ospitality   w ill   hAAave   aoccess   ithheld   until   eceived   and  as  such The   uditor   Western   ustralian   ugby   Union   is  Emrnst    Young   There   have  boeen   no  transactions   and   balances   w(Inc.)   ith  key   anagement   personnel all   r eceivables   o ther   t han   t hose   s pecifically   p rovided   f or   a re   c onsidered   f ully   r ecoverable. NOTE  19:   REMUNERATION   OF  AdUDITORS and   their  related  parties   uring  the  year. The   auditor   f  Western   Australian   Rugby   is  Emrnst   &  Young   There   have   boeen   noo  r  tdransactions   and   balances   w(Inc.)   ith   ey   anagement   personnel Amounts   received   ue   and  receivable   bU y  nion   Ernst   &  Ykoung   (Australia)   for: NOTE   1 9:   R EMUNERATION   O F   A UDITORS NOTE  6and   :   I NVENTORIES t heir   r elated   p arties   d uring   t he   y ear. 20,000 38,500 *   a n   a udit   o r   r eview   o f   t he   f inancial   r eport   o f   t he   e ntity   The  auditor  of  Western  Australian  Rugby  Union  (Inc.)  is  Ernst  &  Young   Amounts   received   or  due  and  receivable  by  Ernst  &  Young  (Australia)  for: At  cost 75,470    22,896 4,532 -­‐ *   t axation   a dvice NOTE  19:   REMUNERATION   OF  AUDITORS Rugby  Union  (Inc.)  is  Ernst  &  Young   The   a*  uditor   of  W 20,000 75,470 38,500 an  audit   or  estern   review  Aoustralian   f  the  financial  report  of  the  entity      22,896 Amounts  received  or  due  and  receivable  by  Ernst  &  Young  (Australia)  for: 4,532 -­‐ *  taxation  adviceOF  AUDITORS NOTE  19:  REMUNERATION   20,000 38,500 *   a n   a udit   o r   r eview   o f   t he   f inancial   r eport   o f   t he   e ntity   The   auditor   of  Western   Australian   Rugby  bU is  Ernst   &  Young   Amounts   oA r  SSETS due   and  receivable   y  nion   Ernst  (Inc.)   &  Young   (Australia)   for: NOTE  270:   UBSEQUENT   EVENTS :  OSTHER   Creceived   URRENT   4,532 -­‐ *  taxation   advice 20,000 38,500 *   a n   a udit   o r   r eview   o f   t he   f inancial   r eport   o f   t he   e ntity   The   auditor   of  Western  Australian  Rugby  Union  (Inc.)  is  Ernst  &  Young   Deferred   c osts 71,813    82,149 Amounts   r eceived   o r   d ue   a nd   r eceivable   b y   E rnst   &   Y oung   ( Australia)   f or: 4,532 -­‐ *  taxation   aydvice NOTE  20:   SUBSEQUENT   EVENTS Subsequent   to  o ear   end  tohe   ssociation   as  negotiated   a  short  term  unsecured Prepayments   -­‐   20,000 52,624 38,500 *  an  audit   r  review   f  tA he   financial  hreport   of  the  entity   Amounts   received   oo  r  udnderpin   ue  and  rteceivable   y  Ernst  &  Young  (Australia)  for: interest   free   loan   he  2015  cbashflow.  82,149 NOTE  20:   SUBSEQUENT   EtVENTS 4,532  124,437 -­‐ *   t axation   a dvice Subsequent   to  oyear   end  tohe   ssociation   as  negotiated   a  short  term  unsecured 20,000 38,500 *  an  audit   r  review   f  tA he   financial  hreport   of  the  entity   NOTE  20:   SUBSEQUENT   EtVENTS interest   free  loan   o  underpin  the  2015  cashflow. 4,532 -­‐ *  taxation   Subsequent   to  aydvice ear  end  the  Association  has  negotiated  a  short  term  unsecured RUGBYWA 2014 ANNUAL REPORT interest   free  loan  EtVENTS o  underpin  the  2015  cashflow. NOTE  20:   SUBSEQUENT  

59


AUSTRALIAN RUGBY   UNION  (INC.) NOTES  TO  THE  WESTERN   CONSOLIDATED   FINANCIAL   STATEMENTS   FOR  THE  PERIOD ENDED  31  December  2014 WESTERN   A USTRALIAN   R UGBY   U NION   ( INC.) NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  PERIOD NOTE  21:  FINANCIAL  INSTRUMENTS ENDED   31  oD ecember   014 WESTERN   AUSTRALIAN   Rliabilities. UGBY  2U NION  (INC.) The  Association's  principal  financial  instruments  comprise  receivables,  payables,  cash  and  short-­‐term   deposits,   and   ther   O  THE  CONSOLIDATED   FINANCIAL   STATEMENTS  FOR  THE  PERIOD WESTERN  AUSTRALIAN  RUGBY  UNOTES   NION  T(INC.) AUSTRALIAN   RUGBY   NOTE  21:   FINANCIAL   INSTRUMENTS The   Association   manages  its  exposure  to  key  financial  risks  in  accordance  with  the  Association's  fWESTERN   inancial  risk   management   policy.UNION  (INC.) ENDED   31  oD ecember   2014 The   ssociation's   principal   inancial   instruments   eceivables,   payables,   ctash   and  w hort-­‐term   deposits,   and   ther   liabilities. NOTES   TsO   THE   CONSOLIDATED   INANCIAL   STATEMENTS  FOR  THE  PERIOD The  A objective   of  the   policy  ifs   to  sNOTES   upport   tThe   of  the  rA ssociation's   financial   argets   hilst   rotecting   future   fFinancial   security. O  dTelivery   HE  cComprise   ONSOLIDATED   FINANCIAL   STATEMENTS   FpOR   THE   YEAR NOTE  21:   FINANCIAL   INSTRUMENTS TO  THE   CONSOLIDATED   INANCIAL   STATEMENTS   FOR  THE  PERIOD The   Association   manages  its  exposure  to  key  financial  risks  in  accordance  with  the  NOTES   Association's   financial   risk   management   policy. ENDED   3F1   December   2014 The   A ssociation's   principal  ifs   inancial   instruments   comprise   rA eceivables,   payables,   ctash   and  wshilst   hort-­‐term   deposits,   and   ther   liabilities. ENDED   1  oD ecember   2014 ENDED   3 1  DECEMBER   014 The   o o f  uthe   to  msethods   upport   he   elivery   f  the   ssociation's   financial   argets   protecting   future   f3inancial   security. NOTE  21:   FINANCIAL   INSTRUMENTS The   Abjective   ssociation   ses  pdolicy   ifferent   tto   mdeasure   aond   m anage   different   types  o2f   risks  to   which   it  is  exposed.    These   include   monitoring The   Association   manages  its  exposure  to  key  financial  risks  in  accordance  with  the  Association's  financial  risk  management  policy. NOTE  21:   FINANCIAL   INSTRUMENTS The   Association's   ptrincipal   financial   instruments   comprise   payables,   cash  and   short-­‐term   nd  m other   liabilities. levles   of  exposure   o  interest   rate  risk   and  assessments   of  rmeceivables,   arket  forecasts   for  interest   rates.    Ageing  daeposits,   nalyses  aand   onitoring   of  specific The   o of  uthe   policy  ifs   to  msethods   upport   the   elivery   ond   f  the   ssociation's   financial   tash   argets   wsw hilst   protecting   future   financial   security. ssociation's   paanages   rincipal   comprise   rA and   eposits,   nd   other   liabilities. The   Abjective   ssociation   mdeasure   anage   d ifferent   ocf   isks   to   hich   it  is  edxposed.   Tafuture   hese   irnclude   onitoring mses   its  inancial   exposure   o  to   key   fcinancial   risks   ieceivables,   n  accordance   wtypes   ith  the   ssociation's   inancial   risk  omf    anagement   policy. credit   allowances   re  duifferent   ndertaken   to  instruments   mtanage   redit   raisk,   lm iquidity   risk   is  pmayables,   onitored   tArhrough   thort-­‐term   he   dfevelopment   olling   cm ash   flow  forecasts.2013 2014 The   ssociation   anages   its   xposure   key   inancial   in   accordance   with   Association's   financial   risk   maanagement   olicy. levles   of  exposure   to  piolicy   nterest   ate   risk  ato   nd   assessments   f  m arket   forecasts   for  tihe   nterest   rates.    Apgeing   analyses   nd   monitoring   of  specific The  A objective   of  m the   is  etro   support   the   dfelivery   of  risks   tohe   A ssociation's   financial   targets   whilst   rotecting   future   financial   specurity. $ $ The   ssociation   ses   msethods   tto   measure   nd   anage   d ifferent   types  of   rhrough   isks  to   w hich   it  is  exposed.   hese   irnclude   onitoring The  A objective   of  uthe   pdolicy   is  to  p upport   he   f  the   inancial   ttargets   rotecting   future   financial   security. credit   allowances   aare   uifferent   ndertaken   to  manage   celivery   redit  raisk,   lm iquidity   risk   is  m thilst   he   dpevelopment   of    Tfuture   olling   cm ash   flow  forecasts. B oard   reviews   nd   agrees   olicies   for   mdanaging   eoach   oA f  tssociation's   hese   risks   afs  onitored   summariesed   bw elow. NOTE  2The   :  REVENUE   AND  O INCOME levles   of  exposure   to  THER   interest   rate  risk  and  assessments  of  market  forecasts  for  interest  rates.    Ageing  analyses  and  monitoring  of  specific The   Association  uses  different  methods  to  measure  and  manage  different  types  of  risks  to  which  it  is  exposed.    These  include  monitoring a) Revenue credit   allowances   aare   uifferent   ndertaken   to  manage   credit  risk,   liquidity   risk   is  m the   development   of  future   rolling  cm ash   flow  forecasts. Aoard   ssociation   uses   d molicies   ethods   o  m easure   d of  tArhrough   isks   w hich   it  is  esaub-­‐committee.   xposed.   hese   The   B reviews   agrees   p ach   f  arket   these   rorecasts   isks   as  onitored   stypes   ummariesed   levles   of  reesponsibility   xposure   to  nd   interest   rate   risk  afor   nd   amssessments   omf  oanage   m fifferent   for  tihe   nterest   Ageing   nalyses    aTnd   monitoring   oonitoring f  specific Primary   for   identification   atnd   canaging   ontrol  oaef  nd   financial   risks   rests   w ith   udit  rtbates.   ao  elow. nd   F  inance    iTnclude   he  committee   reviews   and  agrees  policies    -­‐  Commercial   services          a    nalyses                  10,209,025  11,400,750 levles   oaf   exposure   o  f  itu nterest   isk   nd   assessments   f  interest   market  risk   or  interest   rates.   geing   m onitoring   of  sfpecific credit   llowances   re   ndertaken   tro   maanage   credit   risk,  oliquidity   is  rm onitored   hrough   the    aAdnd   evelopment   of  falow   fnd   uture   rolling  pcrojections. ash   low  forecasts. for   managing   each  ato he   risks  rate   identified   below,   including   rforecasts   ate   isk,   cfredit   atllowances,   future   cash   forecast    Primary   -­‐   C ommunity   r ugby   1,023,263   896,747 The   Board   reviews  aare   nd   agrees   policies   for   mcanaging   ef  ach   of  these   risks   as  onitored   summariesed   credit   allowances   ufor   ndertaken   to  manage   credit  roisk,   liquidity   risk   s  m the   development   of  future    rTolling   cash  flow  reviews   forecasts. responsibility   identification   and   ontrol   financial   risks   riests   w ith  the  tAhrough   udit  baelow. nd   Finance   sub-­‐committee.   he  committee   and  agrees  policies    -­‐  Pm rofessional   rugby  4,295,903 for   anaging   each   f   the   risks  pidentified   below,   including   credit  allowances,   flow  forecast  projections.  4,317,030 The   B(i)   oard   reviews   aond   agrees   olicies  for   managing   each  ionterest   f  these  rrate   isks  raisk,   s  summariesed   below.and  future  cash   Interest   rate   risk   Primary   responsibility   identification   and   ontrol  oef  ach   financial   risks   rests   ith  the  Audit  baelow. nd  Finance  sub-­‐committee.    The  committee  reviews    59,077 and  agrees  policies    -­‐  Corporate   services 355,470   The   Board   reviews   and  for   agrees   policies  for   mcanaging   of  these   risks   as  w summariesed   for   m anaging   e ach   o f   t he   r isks   i dentified   b elow,   i ncluding   i nterest   r ate   r isk,   c redit   a llowances,   a nd   f uture   c ash   f low   f orecast   p rojections.  The   -­‐   F uture   F orce   F oundation   L td   -­‐   g rant 59,450   (i)   Interest   rhate   Primary   responsibility   for   identification   and   control   of  fsinancial   risks  rests   the  Audit  ianterest   nd  Finance    The  committee  reviews  and  -­‐   agrees  policies   A ssociation   as  nrisk   ot   entered   into  any   interest   rate   waps,  forward   rate  waith   greements,   rate  osub-­‐committee.   ptions   Primary   responsibility   or   dentification   and   control   of  financial   risks   rests   wcith   the  aAllowances,   udit   and   Finance   sub-­‐committee.    The  committee   reviews    60,663 and  agrees  policies    -­‐  Isnterest   received 25,108   forecast   for   m anaging   each  of  tTfhe   isks   identified   below,   including   rrate   rrisk,   aend   future   cash  flow   projections. or   imilar   derivatives.   he  riA ssociated   entity's   exposure   to  iinterest   nterest   ate   isks   tredit   ogether   with   the   ffective   interest (i)   Interest   rate   risk   for   anaging   each   onf   the   risks   identified   binterest   elow,  aincluding   interest   ate   rate   isk,   redit  allowances,   and   future   The   ssociation   ot   entered   into   swaps,   forward   acgreements,   interest   rate        o      ptions          c    ash      15,968,219   flow  forecast  projections.  16,734,266 rate  mAfor   classes   ohf  as   financial   assets   and  alny   iabilities   t  rbate   alance   date   is  sret   orut   below. or   imilar   dincome erivatives.   The  Associated  entity's  exposure  to  interest  rate  risks  together  with  the  effective  interest (i)  Interest   rate  risk   b)sOther   The   A ssociation   nrisk   ot  entered   interest   swaps,   forward   ate   agreements,  interest  rate  options   (i)   Interest   rate   for   classes   orhate   f  as   financial   assets  into   and  alny   iabilities   at  rbate   alance   date   is  set  orut   below.  or   -­‐  G rants   r eceived 500,000   -­‐   similar  derivatives.   The  Associated  entity's  exposure  to  iFloating   nterest  rate   risks  rtate ogether  with  the  Weighted   effective  ianterest Financial   I nstruments i nterest   verage   effective  interest  rate   The  Association  has  not  entered  into  any  interest  rate  swaps,  forward  rate  agreements,  interest   rate  options    500,000  -­‐ rate   f or   c lasses   o f   f inancial   a ssets   a nd   l iabilities   a t   b alance   d ate   i s   s et   o ut   b elow. The   Association   has  not   entered   into  aeny   interest   rate  stwaps,   forward   interest   rate  o2014 ptions   2014 2013 with   2013 or  similar   derivatives.   The   Associated   ntity's   exposure   o  interest   rate  rrate   isks  atgreements,   ogether   the  effective   interest Financial   Instruments Floating   interest   rtate verage  effective  interest   rate   or   similar   derivatives.   The  Aassociated   ntity's  exposure   to  id nterest   ate   risks   ogether   effective  ianterest $ with  the  Weighted   % rate   for  classes   of  financial   ssets  and  eliabilities   at  balance   ate  is  sret   out   below. NOTE  3rate   a:  (a)   OfPERATING   Ef  XPENDITURE 2014 2014 2013 or   classes  aossets financial  assets  and  liabilities  at  balance   date  is  set  out  below.2013 Financial   Financial   Instruments Floating   interest  rate $ Weighted  average  effective  interest   rate   Included   %                                            a593,453   re  the  following                                      1,952,253   1.56 1.89 Cash within  the  categories  of  operating      e      xpenditure   2014 2013 2014 2013 (a)   Financial   assets specific   expenses: Financial   Instruments interest   Weighted  average  effective  interest  rate                                              Floating            593,453                  r  ate                  1,952,253   Total   Financial   Assets % Financial  Instruments interest   Weighted   average  effective  i2013 nterest   rate                                    2014          Floating            593,453                  r  ate          2013      $  1,952,253   1.56 1.89 Cash 2014 (a)   F inancial   a ssets 2014 2013 2014 2013                                                      593,453                                    $  1,952,253   Total  Financial   % Finance   costs Assets                                                      593,453                                    $  1,952,253   1.56 1.89 Cash % (a)   Fcinancial   assets Bank   harges    45,902 The   table   delow   dAetails                    a    nalyses                              o    593,453  f  the  Association                            a    t      t  1,952,253  he  reporting  date,  holding  all   44,341 Total   Financial   ssets the  interest  rate  sensitivity   (a)   F inancial   a ssets                                                      593,453                                      1,952,253   1.56 1.89 Cashvariables  constant. other   44,341    45,902                                    a        nalyses                                                          o        593,453    f  the  Association                                                      a        t          t    1,952,253    he  reporting  date,  h1.56 1.89 Cash The   table   delow  dAetails   olding  all   593,453 1,952,253 Total   Financial   ssets the  interest  rate  sensitivity   Depreciation   e xpense                                                      593,453                                      1,952,253   Total   Financial   Assets other   variables   constant. Financial   Instruments Effect  On: Effect  On: Depreciation    152,284 The   table  delow  details  the  interest  rate  sensitivity  analyses  of  the  Association  at  the  reporting  date,  holding  all  136,162 Profit Equity  136,162 Profit Equity 152,284   other   v ariables   c onstant. Financial   I nstruments Effect   O n: Effect   O n: The   table   delow  details  the  interest  rate  sensitivity   analyses  of  the  Association  a2014 t  the  reporting  date,  h2014 olding  all   Risk   Variable Sensitivity 2013 2013 Employee   b enefits   e xpense The   t able   d elow   d etails   t he   i nterest   r ate   s ensitivity   a nalyses   o f   t he   A ssociation   a t   t he   r eporting   d ate,   h olding   a ll   Profit Equity Profit Equity other   variables   12,378 12,378 25,016 25,016 Interest   Rate constant. +  1.0  % Financial   Effect  On:  7,776,875 Wages   aariable nd  Instruments salaries other   constant. Risk  vVariables   Sensitivity 2014 Effect  On: (12,378) 2014  7,894,938 (25,016) 2013 2013 (12,378) (25,016) -­‐  1.0  % Profit Equity Profit Equity 12,378 25,016 Superannuation 689,595    650,241 Interest   +  1.0  % Financial  RIate nstruments Effect  On: 12,378 Effect  On: 25,016 Risk   Variable Sensitivity 2014 2013 2013 Financial   Instruments Effect  On: (25,016) (12,378) -­‐  1.0  %  Equity    2014                          8,584,533 (25,016)  8,427,116 Profit Effect  On:  (12,378) Profit Equity 12,378 12,378 25,016 25,016 Interest  Rate +  1.0  % Profit Equity Profit Equity Risk   Sensitivity 2014 2014 2013 2013 (ii)  VFariable inancial  risk  management  objectives  and   policies   (12,378) (12,378) (25,016) (25,016) -­‐   1 .0   % Variable Sensitivity 2014 2014 2013 2013 12,378 12,378 25,016 25,016 Interest   R ate +   1 .0   % NOTE  3Details   b:  Risk   STADIUM   I NFRASTRUCTURE   E XPENDITURE of  the  significant  accounting  policies  and  methods  adopted,  including  the   c riteria   f or   r ecognition,   t he   b asis   o f   m easurement   a nd   t he   basis   12,378 12,378 25,016 25,016 Interest   Rate risk  management  objectives  and  policies   +   .0  % % (ii)  Financial   (12,378) (12,378) (25,016) (25,016) -­‐  11.0   Interest   n  loansand  expenses  are  recognised,  in  respect   83,798    108,911 on   which  o income   of  each  class  of  financial   a sset,   a nd   f inancial   l iability   i nstrument   a re   d isclosed   i n   n ote   1  to   (12,378) (12,378) (25,016) (25,016) -­‐   1 .0   % Details   of  the  statements. significant  accounting  policies  and  methods  adopted,  including  the  criteria  for  recognition,  the  basis   83,798   of  measurement  and  the  b108,911   asis   the  f(ii)   inancial   Financial  risk  management  objectives  and  policies   on  which  income  and  expenses  are  recognised,  in  respect  of  each  class  of  financial  asset,  and  financial  liability  instrument  are  disclosed  in  note  1  to   Details   oFf  inancial   the  statements. significant   accounting  opbjectives   olicies  and   methods   adopted,  including  the  criteria  for  recognition,  the  basis  of  measurement  and  the  basis   risk  management   and   policies   the  f(ii)   inancial   Credit   risk   exposures NOTE  4on   :  Cw ASH   CASH   Em QUIVALENTS (ii)   FAinancial   raisk   anagement   bjectives  aind   policies   hich   iND   ncome   nd   expenses   are  roecognised,   n  respect   of  each  class  of  financial  asset,  and  financial  liability  instrument  are  disclosed  in  note  1  to   Details   he  s  ignificant   accounting   policies  acnd   methods  atdopted,   including   the  Acssociation's   riteria  for  recognition,   basis   easurement   nd  the   basis   The   ssociation   with  recognised,   reditworthy   hird  parties.   It  is  the   policy  that  athe   ll  customers   ho  wish  to  tarade      1,184,300 Cash   aoot  f  f  bttank    (ti)rades  only   530,675   of  mw the   fAinancial   statements. Details   he   significant   accounting   pecognised,   olicies  and  in   mrethods   aodopted,   including  the  criteria  for  recognition,  the  basis  of  measurement   and  itn   he   basis   Credit   r isk   e xposures on   w hich   i ncome   a nd   e xpenses   a re   r espect   are  disclosed   note   1  to   on   credit   terms  a  (re   subject  to  credit  verification  procedures.f  each  class  of  financial  asset,  and  financial  liability  instrument   Term   d eposits   ii) 62,778    767,953 on   hich   income   and  expenses   are   recognised,   in  respect  otf   each   class  oIf  t  fiinancial   asset,  and  fpinancial   liability   instrument   are   disclosed   in     note   1  to   The   ssociation   trades   only  with   recognised,   creditworthy   hird   parties.   s  the  Association's   olicy  that   all  customers   who   wish   to  trade   the  wfAinancial   statements.  593,453  1,952,253 Credit   risk  exposures the  cfredit   inancial   statements. on   terms   are  subject   to  credit   rocedures. In   addition,   receivables   balances   are  vmerification   onitored  opn   an  ongoing  basis  with  the  result  that  the  Association's  exposure  to  bad  debts  is  not  significant. The   ssociation   trades   with  raecognised,   reditworthy   hird   parties.   (i)  CAash   at  ebxposures ank   earns  oinly   nterest   t  floating  rcates   based  otn   daily   bank  It  is  the  Association's  policy  that  all  customers  who  wish  to  trade     Credit   risk   on   c redit   t erms   a re   s ubject   t o   c redit   v erification   p rocedures. deposit   r ates. Credit   r isk   e xposures In   addition,   receivables   alances   re  monitored   on  an  ongoing   with   result   that  the  Ap ssociation's   to  bwad   ebts   significant. The   Association   with  raecognised,   creditworthy   third  bpasis   arties.   It  tihe   s  the   Association's   olicy  that  aell  xposure   customers   ho  dw ish  tis   o  ntot   rade     Concentration   otf  rades   credit  obrnly   isk (ii)  cSredit   drades   eposits   acre   m ade   varying   eriods   f  hird   between   30   The   A ssociation   only   w recognised,   reditworthy   parties.   It  dis   the  aAnd ssociation's   policy   that  all  customers   who  w rade     of   on   terms  atm re   subject   toncentrations   o  ith   credit   vfor   erification   pprocedures. The   Ahort-­‐term   ssociation   inimises   of  ccredit   risk  in  ortelation   to  trade   aays   ccounts   receivable   by  undertaking   transactions   wish   ith  tao    ntumber   In   acddition,   receivables   brisk alances   are  immediate   onitored  ocpash   n   an  roequirements   ngoing  basis  w ith   the   result  that  the  Association's  exposure  to  bad  debts  is  not  significant. on   terms   s  Tubject   to   credit   vmerification   rocedures. three   mconths,   dre   onn   tshe   of   he   Association Concentration   oaf   cepending   redit   low   rredit   isk   ustomers.   here   is   o   ignificant   concentration   of  credit  risk   wtithin   the  Association  and  cash  held  is  spread  amongst  a  number  of   The   Aessociation   minimises   cespective   oncentrations   of  credit   reposit   isk   ingoing   n  relation   to  wtrade   accounts   eceivable   by  undertaking   transactions   ith  ias    number   of   and   arn   i nterest   a t   t he   r s hort-­‐term   d r ates. In   a ddition,   r eceivables   b alances   a re   m onitored   o n   a n   o b asis   ith   t he   result  trhat   the  Association's   exposure   to  onthly   bad  dw ebts   significant. financial  institutions   to  m inimise  the  risk  of  default  of  counter  parties.    Management   monitor   the  credit  rating   on  a  m basis.    Pot   olicy   states  that Concentration   of  credit   In  addition,   receivables   brisk alances   are  monitored   on  an  ongoing   basis   with   the  trhe   esult   that  the  Aassociation's   exposure   to  amongst   bad  debts   not  significant. low   risk  customers.    There   is  no  significant   concentration   of  credit   risk   within   Association   nd  cash  held   is  spread   a  nis   umber   of   no   m ore   t han   7 0%   o f   f unds   c an   b e   h eld   i n   a ny   o ne   i nstitution   e ven   i f   s ponsored   b y   a   f inancial   i nstitution. The  Association  minimises  concentrations  of  credit  risk  in  relation  to  trade  accounts  receivable  by  undertaking  transactions  with  a  number  of   Concentration   credit   risk NOTE  5financial   :  TRADE  institutions   AND  oOf  THER   ECEIVABLES to  R m inimise  the  risk  of  default  of  counter  parties.    Management  monitor  the  credit  rating  on  a  monthly  basis.    Policy  states  that low   rAisk   customers.    There   no  significant  cf   oncentration   credit  tro   isk  within   the  Association   and   held  is  spread   amongst   a  naumber   of  of   Concentration   o0%   f  cinimises   redit   riskics  concentrations   The   ssociation   m credit   risk  in  orf  elation   accounts   by  cuash   ndertaking   transactions   with    number   Current no   m ore   t han   7 o f   f unds   an  be  held  in  aony   one  institution   even  if  tsrade   ponsored   by  a  rfeceivable   inancial  institution. Liguidity   Rnstitutions   isk minimises   financial   i t o   m inimise   t he   r isk   o f   d efault   o f   c ounter   p arties.     M anagement   m onitor   t he   c redit   r ating   o n   a   m onthly   b asis.     P olicy   The   A ssociation   c oncentrations   o f   c redit   r isk   i n   r elation   t o   t rade   a ccounts   r eceivable   b y   u ndertaking   t ransactions   w ith   a   n umber   o  366,002 f   that low   risk  dcebtors   ustomers.   here  is  no  significant  concentration  of  credit  risk  within  the  Association  and  cash  held  is  spread   amongst  a  number  osf  tates   Trade      r(isk   i)  Tm 991,635  fall  due.   Prudent   ltiquidity   anagement   implies   m aintaining   sufficient   cash   two  ithin   meet   commitments   ainstitution. s  and   when   they    Management no   m ore   han   7 0%   o f   f unds   c an   b e   h eld   i n   a ny   o ne   i nstitution   e ven   i f   s ponsored   b y   a   f inancial   low   r isk   c ustomers.     T here   i s   n o   s ignificant   c oncentration   o f   c redit   r isk   t he   A ssociation   a nd   c ash   h eld   i s   s pread   a mongst   a   n umber   o f   financial   iRnstitutions   minimise   the  to   risk   of  default   of  counter   arties.   anagement   monitor   the   credit  rating   n  a  m asis.    Policy  states   Allowance   dfebt  -­‐ onthly   (24,546)   that Liguidity   iskfor  dcoubtful   monitors   rolling   ash  tfo  low   orecasts   manage   liquidity   risk.    Tp he   only  f  M inancial   liabilities   of  the   Association   at  boalance   date  abre   trade financial   nstitutions   m inimise   the   risk   oaf  m daintaining   efault   of  counter   pven   arties.   Mm anagement   onitor  aitnstitution. he  credit   rating    dmue.   onthly   basis.    Policy  states   that Prudent   litiquidity   risk   m anagement   sufficient   cash   t  o   commitments   when   hey  ofn   all    Management no   moore   han   70%   oaf  tnd   fo  b unds   can   be   himplies   eld   i  n   ny   oane   institution   if  sponsored   by  ap  aid   fm inancial   Bonds   (non   interest   earing)  a5,360  10,360 and   ther   payables   other   liabilities.   These   mounts   are  uensecured   and  eet   usually   within  s  3a0  nd   days   of  rtecognition. Liguidity   isk 70%   no  more  tRrhan   of  flow   unds   can  be  hteld   any  olne   institution   ven   if  sponsored   by  a  financial   institution. monitors   olling   cash   forecasts   o  min   anage   iquidity   risk.    Tehe   only   financial  liabilities   of  the   Association  at  b  996,995 alance  date  are  trade 351,816   Prudent   liquidity   risk   management   implies   maintaining   sufficient   cash  to   meet   commitments   as  3a0  nd   when   hey  fall  due.    Management and   other   ayables   and   other  liabilities.    These   amounts   are  unsecured   and   usually   paid  within   days   of  rtecognition. Liguidity   Rpisk monitors   flow  forecasts  to  manage  liquidity  risk.    The  only  financial  liabilities  of  the  Association  at  balance  date  are  trade Liguidity   Rraolling   isk crash   Prudent   liquidity   isk   implies   maintaining   ufficient   cash   to  3m eet   cdommitments   as  and  when  they  fall  due.    Management Maturity   of  fm inancial   assets   and  blearing   iability   ased   on   management's   expectation. (i)  Torade   rpnalysis   eceivables   aanagement   re   non-­‐interest   abnd   asre   generally   on   0-­‐90   ay paid  within   and   ther   ayables   and   other   liabilities.    These   amounts   are   unsecured   and   usually   days   of  rtecognition. Prudent   lmplied   iquidity   rash   isk   m anagement   implies   aintaining   srufficient   tfo   meet   ommitments   as  3Aa0   nd   hen   hey   fall   due.    eceivables   Management monitors   r olling   c ftlow   orecasts   to   min   anage   liquidity   isk.    The  coiash   inancial   iabilities   of  itnflows   he   ssociation   at  balance   drate   are  trade The   r isk   i f rom   he   vfalues   shown   tm he   table   elow,   rteflects   ao  bbjective alanced   vcliew   of  cash   aw nd   outflows,   trade   terms.    An  allowance   for   doubtful   debts   is  m ade  bw hen   here   s  nly   monitors   r olling   c ash   f low   f orecasts   t o   m anage   l iquidity   r isk.     T he   o nly   f inancial   l iabilities   o f   t he   A ssociation   afinancial   t  balance   date  aand   re  tlrade Maturity   a nalysis   o f   f inancial   a ssets   a nd   l iability   b ased   o n   m anagement's   e xpectation. and  o ther   p ayables   a nd   o ther   l iabilities.     T hese   a mounts   a re   u nsecured   a nd   u sually   p aid   w ithin   3 0   d ays   of  recognition. trade   tayables.   These   assets  are   cionsidered   in  the  Association's  overall  liquity  risk.  To  monitor  existing   assets   iabilities   evidence   hat   a   t rade   r eceivable   i s   mpaired.     and   ther   aand   ther   liabilities.   These   amounts   are   uestern   nsecured   and  usually   poaid   within   30  hdas   of  utflows,   recognition. The   isk   from   the   values   hown  i  n   the   below,   reflects   aA  bustralian   alanced   vRiew   f  Ucnion   ash   inflows   aays   nd   tcrade   receivables   as  wroell   ais  mplied   tpo  ayables   enable   n   eoffective   csontrolling   of  tfable   uture   risks,   W ugby   (Inc.)   established   omprehensive   risk Maturity   a nalysis   o f   f inancial   a ssets   a nd   l iability   b ased   o n   m anagement's   e xpectation. and   trade  cpommensurate   ayables.  These  waith   ssets   considered   in  the   Association's   overall  liquity   isk.  To  monitor   xisting  fsinancial   assets   and  liabilities   reporting   the  asre   ize   of  its  activities   that   reflects  expectation   of  mranagement   or  eexpected   ettlement   of  financial   assets  and  liabilities. The   r isk   i mplied   f rom   t he   v alues   s hown   i n   t he   t able   b elow,   r eflects   a   b alanced   v iew   o f   c ash   i nflows   a nd   o utflows,   t rade   r eceivables   As  waell   t  3a1  s  Dto   ecember   2014   $289,171   (29%)  oof  f  future   trade  rrisks,   eceivables   wAere   past  dRue   but  Unnion   ot   (Inc.)  has  established  comprehensive  risk as   enable   effective   controlling   ustralian   ugby   Maturity   analysis   of  afn   inancial   assets   and  liability   based  on  W mestern   anagement's   expectation. and   trade  acpnalysis   ayables.   aith   ssets   asre   the   Aao ssociation's   overall   isk.  To  monitor   xisting  fsinancial   assets   and  liabilities   considered   impaired,   compared   tize   o  ca$onsidered   (in   39%)   t  n   3rreflects   1   D ecember   2013.    f  mranagement   Maturity   of  Tfhese   athe   ssets   nd   based   m anagement's   eliquity   xpectation. reporting   ommensurate   w o142,767   activities   that   eaxpectation   or  eaexpected   ettlement   f  financial   assets  and  liabilities. The   risk  implied   from   tinancial   he   values   shown   if  n  ilts   tiability   he   table   below,   eflects    balanced   voiew   of  cash  inflows   nd   outflows,   trade  roeceivables   <6 6-­‐12 1-­‐5 >5 Total as   wrell   ais  mplied   tto  erms   enable   atn   effective   csontrolling   oot   f  tfable   uture   rrisks,   W estern  aA  bustralian   Riew   ugby   Ucnion   (Inc.)  has   established   crade   omprehensive   risk Payment   o n   hese   a mounts   h ave   n b een   e-­‐negotiated.     H owever   a mounts   t hat The   isk   f rom   t he   v alues   hown   i n   t he   b elow,   r eflects   alanced   v o f   ash   i nflows   a nd   o utflows,   t r eceivables   and   t rade   p ayables.   T hese   a ssets   a re   c onsidered   i n   t he   A ssociation's   o verall   l iquity   r isk.   T o   m onitor   e xisting   f inancial   a ssets   and  liabilities   Year  ended  31  December  2014 months months years years reporting   cpommensurate   sre   ize   oithheld   f  its  activities   that   eflects   xpectation   oaf  s   mrsanagement   or  eexpected   ettlement   of  financial   assets  and  liabilities. are   frade   or  ahs  ospitality   ill   hw ave   athe   ccess   uintil   ayment   is  reeceived   nd   uch and   Tn   hese   aith   ssets   cw onsidered   n  the   Association's   verall  aliquity   isk.   To  m(onitor   xisting   fsinancial   assets   a>5 nd  liabilities   <6rW Total as   wtell   to  ayables.   enable  aw effective   caontrolling   of  future   rpisks,   estern   Aoustralian   R6-­‐12 ugby   Union   Inc.)  has   e1-­‐5 stablished   comprehensive   risk as   as  actssets o   nable   an  tehan   ffective   controlling   future   rtisks,   estern   Australian  fmonths Rougby   Union  (Inc.)   established   comprehensive   risk all  wrell   eceivables   ther   those   pecifically   provided   are  considered   ully   ecoverable. Year   ended   3e1   Doecember   014 months years reporting   ommensurate   w2ith   the   ssize   of  its  oaf  ctivities   hat  for   rW eflects   expectation   f  mranagement   or  heas   xpected   settlement   of  fyears inancial   assets  and  liabilities. Financial   <6 6-­‐12anagement  or  expected   1-­‐5 >5 Total reporting   commensurate   expectation   Cash  &  cash   equivalents with  the  size  of  its  activities                              t  hat                r    eflects        593,453                            o    f        m                          -­‐                                                  s  ettlement      -­‐                o      f      f  inancial                                -­‐a   ssets      a    nd              l  iabilities.                                593,453 Year   e nded   3 1   D ecember   2 014 months months years years ssets NOTE  6Financial   :  INVENTORIES Trade   &  oather   receivables                                      <6                991,635                                6-­‐12                      5,360                                1-­‐5                          -­‐                                >5                          -­‐                                  Total                      996,995 Cash    cash  3e1   quivalents                                                        months                    <6                    1,585,088      593,453              6-­‐12                                              5,360                                                    years        1-­‐5                                                    -­‐-­‐     75,470        >5                                                    -­‐-­‐                              Total        593,453 Year   e&nded   December  2014 At  cost                                                      years                                              months            -­‐                                      22,896                              1,590,448 Financial   ssets Year  e& nded   31  rD ecember  2014 Trade    oather   eceivables                            months                          991,635                          months                            5,360                            years                              -­‐   75,470                          years                              -­‐                      22,896                                    996,995   Cash  &  cash  equivalents                                                                                                1,585,088      593,453                                                                                                                  -­‐-­‐                                                                                                                    -­‐-­‐            593,453                                                                                                        5,360            -­‐                                                                                              1,590,448 Financial   aiabilities ssets Financial   Trade   &  olather   receivables                                                      991,635                                                      5,360                                                          -­‐                                                          -­‐                                                        996,995 Financial   ssets Cash   &   c ash   e quivalents                                                       593,453                                                                 -­‐                                                         -­‐                                                           -­‐                                                                593,453 &  other   payables                                                                                                1,585,088      412,683                                                                                                                  -­‐-­‐                                                                                                                    -­‐-­‐     412,683 NOTE  7Trade   :  OTHER   CURRENT   ASSETS                                                                                                                5,360            -­‐                                                                                                                                            1,590,448 Cash   ash   equivalents                                                                                                            593,453                                                                                                                    -­‐-­‐                                                                                                                    -­‐-­‐                    593,453 Financial   lther   iabilities Trade  &&  c  o receivables 991,635                                                                                                                                    320,000        5,360            -­‐                                                                                            1,126,327 996,995 Loan                                                                         -­‐                                         806,327                                                         -­‐     Deferred   c osts 71,813     82,149 Trade  & &    o other   ther  p receivables 991,635                                                                                                        5,360            -­‐              412,683 996,995 Trade   ayables                                                                                                                                                1,585,088                  412,683                                                                                                                              806,327                                -­‐-­‐                                                                                                                                                                            -­‐-­‐-­‐       5,360                                                                                                                                              1,590,448 412,683                                             320,000 1,539,010 Prepayments                                                          -­‐   Financial   liabilities                                                                                        320,000        5,360                                                                                  806,327                -­‐   52,624                                                                    -­‐                              1,590,448 Loan                                                                                                1,585,088                        -­‐                                                        -­‐   1,126,327 Trade  &  other  payables                                                                                                            412,683                                                                                            320,000                  -­‐                                                                                806,327                -­‐    124,437                                                                                                                -­‐-­‐            412,683 412,683                                      82,149                                                          1,539,010 Financial  liabilities Loan                                                                        -­‐                                            320,000                                        806,327                                                        -­‐                                                  1,126,327 Financial   l iabilities Trade  &  other  payables                                                      412,683                                                                -­‐                                                        -­‐                                                          -­‐                                                        412,683                                                      412,683 320,000 806,327                                                                                              1,539,010 60 Trade   other  payables 2014 ANNUAL REPORT                      -­‐                                                                                                                                    320,000                  -­‐                                                                                                                        806,327                -­‐                                                                                                                                                                          -­‐-­‐-­‐              412,683 Loan &  RUGBYWA                                                                                                            412,683                                                1,126,327 Loan                                                                                                            412,683                                                                                        320,000                                                                                                1,126,327                    -­‐ 320,000                                                                                806,327 806,327                                                                                                                -­‐-­‐     1,539,010


WESTERN AUSTRALIAN  RUGBY  UNION  (INC.) DIRECTOR'S  DECLARATION The  general  purpose  financial  report  has  been  prepared  to  satisfy  the  reporting  requirements  under the  Association's  constitution.    The  Western  Australian  Rugby  Union  (Inc.)  board  has  determined  that accounting  policies  adopted  are  appropriate  to  meet  the  needs  of  the  members  of  the  Association.    The financial  statements  have  been  prepared  in  accordance  with  applicable  Accounting  Standards  and other  mandatory  professional  reporting  requirements  and  other  statutory  requirements. In  our  opinion: (a)

the financial  statements  are  drawn  up  so  as  to  present  fairly  the  Association's  financial position  as  at  31  December  2014  and  its  performance  as  represented  by  the  results  of  its operations  and  cashflows  for  the  year  ended  on  that  date;  and

(b)

subject to  Note  1(a)  there  are  reasonable  grounds  to  believe  that  the  Association  will  be  able  to   pay  its  debts  as  and  when  they  become  due  and  payable.

This declaration  is  made  in  accordance  with  the  constitution  of  Western  Australian  Rugby  Union  (Inc.)

On behalf  of  the  Board

R Perry Chairman Perth,  16  February  2015

RUGBYWA 2014 ANNUAL REPORT

61


Ernst & Young 11 Mounts Bay Road Perth WA 6000 Australia GPO Box M939 Perth WA 6843 Ernst & Young 11 Mounts Bay Road Perth WA 6000 Australia GPO Box M939 Perth WA 6843

Tel: +61 8 9429 2222 Fax: +61 8 9429 2436 ey.com/au Tel: +61 8 9429 2222 Fax: +61 8 9429 2436 ey.com/au

Independent auditor’s report to the members of Western Australian Rugby Union (Inc.) Independent auditor’s report to the members of Western Australian Independent auditor’s report to the members of Western Australian Rugby Union (Inc.) Rugby Union (Inc.) We have audited the accompanying financial report of Western Australian Rugby Union (Inc.), which Independent auditor’s report to the members of Western Australian Rugby Union (Inc.) comprises the consolidated statement of financial position as at 31 December 2014, the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the We have audited the accompanying financial of Western Australian Rugby Union (Inc.), which consolidated statement of cash flows for the report year ended, a summary of significant accounting policies, comprises the consolidated of financial position as consolidated at 31 December 2014, the consolidated other explanatory notes andstatement the directors’ declaration of the entity comprising Western statement comprehensive consolidated statement of changes infrom equity andtothe Australian of Rugby Union (Inc.)income, and the the entities it controlled at the year’s end or time time during consolidated statement of cash flows for the year ended, a summary of significant accounting policies, the financial year. other explanatory notes and the directors’ declaration of the consolidated entity comprising Western Australian Rugby Union (Inc.) for and the the entities it controlled Directors’ Responsibility Financial Report at the year’s end or from time to time during the financial year. The directors’ of Western Australian Rugby Union (Inc.) are responsible for the preparation and fair Directors’ for the Financial Report presentationResponsibility of the financial report in accordance with Australian Accounting Standards and with the Associations Incorporation Act WA, and for such internal controls as the directors determine are The directors’ of Western Australian of Rugby Union (Inc.) arethat responsible for the preparation and fair necessary to enable the preparation the financial report is free from material misstatement, presentation of fraud the financial report in accordance with Australian Accounting Standards and with the whether due to or error. Associations Incorporation Act WA, and for such internal controls as the directors determine are necessary enable the preparation of the financial report that is free from material misstatement, Auditor’stoResponsibility whether due to fraud or error. Our responsibility is to express an opinion on the financial report based on our audit. We conducted our Auditor’s Responsibility audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain Our responsibility is towhether express the an opinion onreport the financial report based on our audit. We conducted our reasonable assurance financial is free from material misstatement. audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant relating to audit engagements and plan and perform theand audit to obtain in An audit ethical involvesrequirements performing procedures to obtain audit evidence about the amounts disclosures reasonable whether the financial is free from materialincluding misstatement. the financialassurance report. The procedures selectedreport depend on our judgment, the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk An audit involves performing procedures torelevant obtain audit evidence the amounts and disclosuresof in assessments, we consider internal controls to the entity’sabout preparation and fair presentation the financial report. The procedures depend onthat our are judgment, including the assessment ofbut thenot report in order to designselected audit procedures appropriate in the circumstances, risks of purpose materialof misstatement ofopinion the financial whetherofdue fraud or error. controls. In makingAn those for the expressing an on thereport, effectiveness thetoentity’s internal auditrisk assessments, we consider internal controls relevant to the entity’s fair presentation also includes evaluating the appropriateness of accounting policies preparation used and theand reasonableness of of the financialestimates report in made order by to design audit procedures that are appropriate the circumstances, but not accounting the directors, as well as evaluating the overallinpresentation of the financial for the purpose of expressing an opinion on the effectiveness of the entity’s internal controls. An audit report. also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as theappropriate overall presentation financial We believe that the audit evidence we have obtained is evaluating sufficient and to provideofathe basis for report. our audit opinion. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for Independence our audit opinion. In conducting our audit we have complied with the independence requirements of the Australian Independence professional accounting bodies. In conducting our audit we have complied with the independence requirements of the Australian professional accounting bodies.

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

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GL:KW:RUGBY WA:040

RUGBYWA 2014 ANNUAL REPORT

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

GL:KW:RUGBY WA:040


Opinion In our opinion the financial report presents fairly, in all material respects, the financial position of Opinion Western Australian Rugby Union (Inc.) and the consolidated entity as of 31 December 2014, and their financial performance and cash flows for the year then ended in accordance with Australian Accounting In our opinion report presents fairly, all material respects, the financial position of Standards andthe thefinancial Associations Incorporations ActinWA. Western Australian Rugby Union (Inc.) and the consolidated entity as of 31 December 2014, and their financial performance Emphasis of Matterand cash flows for the year then ended in accordance with Australian Accounting Standards and the Associations Incorporations Act WA. Without qualifying our opinion, we draw attention to Note 1(a) Cash Management in the financial report. Emphasis of Matter These conditions indicate the existence of a material uncertainty that may cast significant doubt about the entityâ&#x20AC;&#x2122;s ability to continue as a going concern and therefore, the entity may be unable to realise its Without qualifying ouritsopinion, weindraw attention to Note 1(a) Cash Management in the financial report. assets and discharge liabilities the normal course of business. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the entityâ&#x20AC;&#x2122;s ability to continue as a going concern and therefore, the entity may be unable to realise its assets and discharge its liabilities in the normal course of business. Ernst & Young Ernst & Young G Lotter Partner Perth G 16Lotter February 2015 Partner Perth 16 February 2015

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

GL:KW:RUGBY WA:040

RUGBYWA 2014 ANNUAL REPORT GL:KW:RUGBY WA:040

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203 Underwood Avenue, Floreat WA 6014 PO Box 146 Floreat WA 6014 Telephone (08) 9387 0700 Fax (08) 9387 2804 www.westernforce.com.au 64

RUGBYWA 2014 ANNUAL REPORT

RugbyWA Annual Report 2014  
RugbyWA Annual Report 2014  
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