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ANNUAL REPORT 2014 Western Australian Rugby Union (inc.)

RugbyWA Annual Report 2014

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Page 1: RugbyWA Annual Report 2014

ANNUAL REPORT 2014Western Australian Rugby Union (inc.)

Page 2: RugbyWA Annual Report 2014

2 RUGBYWA 2014 ANNUAL REPORT

Western Australian Rugby Union (Inc)Founded 1983, Re-formed 1928

Patron in ChiefHis Excellency Malcolm McCusker AC CVO QC,Governor of Western Australia

PatronMr Arthur Hill

Vice PatronsHonourable 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 MembersP 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,

Honorary Life MembersR Arndt, J Freemantle, C Green, J Green, R Vaughan, B Wright

PresidentD G Redpath

ChairmanDr R J Perry AM

Board MembersD 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 OfficerM Sinderberry

SecretaryM Wilson

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

Australian Rugby Union DelegateDr R J Perry AM

AuditorErnst & Young

2014 Western Force AwardsNathan Sharpe MedalMatt Hodgson

Geoffrey Stooke AwardBen McCalman and Sam Wykes

Rising StarAdam Coleman

Members MVPNick Cummins

RugbyWA AwardsEmployee of the YearJessica Godwin

Community Rugby AwardsPG Hampshire AwardDylan Timu (Perth Bayswater)

Championship Player of the YearCarols Waretini (Joondalup Brothers)

Coach AwardGus Martyn (Nedlands)

Top Try ScorerChristian Joubert (UWA) & Michael Ruru (Nedlands)

Top Point ScorerLevon Kvas-Rothwell (UWA)

Most Improved PlayerAndries van der Westhuizen (Nedlands)

Best Colt Player (U20)Brad Lacey (Wests Scarborough

Women’s Best & FairestRebecca Clough (Cottesloe)

Referee AwardGraham Cooper

Life MembershipCharles Fear

Premiership Club ChampionsNedlands

Championship Club ChampionsARKs

Champion ClubPalmyra

Office Bearers

Awards

Page 3: RugbyWA Annual Report 2014

3RUGBYWA 2014 ANNUAL REPORT

Contents2

2

4

5

6

9

11

13 - 20

21

22 - 26

27 - 30

31

32

34

35

36 - 40

41

42 - 63

Office Bearers .......................................

Awards ..................................................

President’s Report .................................

Chairman’s Report .................................

Chief Executive Officer’s Report .............

Media and Marketing Report ..................

Professional Rugby Report ....................

Season Review .............................

Perth Spirit Season Report....................

Perth Spirit Season Review.............

Community Rugby Report ..............

WAJRU President’s Report ...................

WARURA Report ...................................

WASRU Report .....................................

Country Rugby Report ..........................

Junior Elite Report ........................

Chief Financial Officer’s Report .............

Finances .......................................

Page 4: RugbyWA Annual Report 2014

4 RUGBYWA 2014 ANNUAL 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.

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.

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 Perth-based 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.

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).

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

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.

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 RedpathPresident

President’s Report

Page 5: RugbyWA Annual Report 2014

5RUGBYWA 2014 ANNUAL 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.

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.

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.

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.

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

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

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.

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.

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.

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.

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 PerryChairman

Chairman’s Report

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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.

Memberships

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.

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

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

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.

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

Chief Executive Officer’s Report

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7RUGBYWA 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

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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 SinderberryChief Executive Officer

Chief Executive Officer’s Report (cont.)

Page 9: RugbyWA Annual Report 2014

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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’

Media and Marketing 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

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

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.

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.

Nick Smith Marketing and Communications Manager

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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

Professional Rugby 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

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2014 Super Rugby – Week 3Saturday, 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 WARATAHS1. 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

Season Review2014 Super Rugby – Week 2Sunday, 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)

WESTERN FORCE WARATAHS1. 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

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2014 Super Rugby – Week 4Saturday, 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 try; Bryce Hegarty 1 conversion)

WESTERN FORCE REBELS1. 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

2014 Super Rugby – Week 5Saturday, 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)

WESTERN FORCE HIGHLANDERS1. 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

Season Review (cont.)

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2014 Super Rugby – Week 6Saturday, 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)

WESTERN FORCE CHIEFS1. 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

2014 Super Rugby – Week 8Saturday, 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 REDS1. 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

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2014 Super Rugby – Week 9Saturday, 12 April 2014 - nib Stadium Perth

Western Force 28 (Nick Cummins 3 tries; Sias Ebersohn 2 conversions, 3 penalties)

NSW Waratahs 16 (Kurtley Beale tries; Bernard Foley 1 conversion, 1 penalty; Kurtley Beale 2 penalties).

WESTERN FORCE WARATAHS1. Pek Cowan 1. Benn Robinson

2. Nathan Charles 2. Tatafu Polota

3. Kieran Longbottom 3. Sekope Kepu

4. Sam Wykes 4. Will Skelton

5. Wilhelm Steenkamp 5. Kane Douglas

6. Angus Cottrell 6. Jacques Potgieter

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

2014 Super Rugby – Week 10Friday, 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)

WESTERN FORCE REBELS1. 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

Season Review (cont.)

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2014 Super Rugby – Week 11Saturday, 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)

WESTERN FORCE BULLS1. 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

2014 Super Rugby – Week 13Saturday, 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 CHEETAHS1. 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

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2014 Super Rugby – Week 14Saturday, 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)

WESTERN FORCE STORMERS1. 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

2014 Super Rugby – Week 15Saturday, 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)

WESTERN FORCE LIONS1. 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

Season Review (cont.)

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2014 Super Rugby – Week 16Friday, 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 try; Sias Ebersohn conversion)

WESTERN FORCE CRUSADERS1. 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

2014 Super Rugby – Week 17Saturday, 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 BLUES1. 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

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2014 Super Rugby – Week 18Saturday, 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)

WESTERN FORCE REDS1. 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

2014 Super Rugby – Week 19Friday, 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 Tuatara-Morrison tries; Jayden Hayward conversion, 2 penalties, Sias Ebersohn conversion)

WESTERN FORCE BRUMBIES1. 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

Season Review (cont.)

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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.

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.

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.

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 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.

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.

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 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.

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.

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.

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.

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

Andrew HillGeneral Manager, Perth Spirit

Perth Spirit Season Report

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22 RUGBYWA 2014 ANNUAL REPORT

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

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)

PERTH SPIRIT CANBERRA VIKINGS1. Alec Hepburn 1. JP Smith2. Heath Tessmann 2. Mitch Wade3. Oliver Hoskins 3. Ruan Smith4. Rory Walton 4. Tom Staniforth5. Brent Murphy 5. Tim Cree6. Corey Thomas 6. Jordan Smiler7. Kane Koteka 7. Jarrad Butler8. Alex Rovira 8. Fotu Auelua (c)9. Justin Turner 9. Michael Dowsett10. Zack Holmes 10. Isaac Thompson11. Nili Fielea 11. Robbie Coleman12. Luke Burton 12. Christian Lealiifano13. Ammon Matuauto 13. Nigel Ah Wong14. Va’a Mailei 14. Jerome Nuimata15. Dillyn Leyds 15. Jesse MoggRESERVES RESERVES16. Harry Scoble 16. Seilala Lam17. Joe Savage 17. Allan Alaalatoa18. Chris Heiberg 18. Les Makin19. Kieran Stringer 19. Dave McKern20. Richard Hardwick 20. Sean Doyle21. Michael Ruru 21. Edan Campbell-O’Brien22. Davis Tavita 22. Jake Rakic23. Daley Harper 23. Brendon Taueki

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

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)

PERTH SPIRIT BRISBANE CITY1. Pek Cowan 1. Pettowa Paraka2. Heath Tessmann 2. Andrew Ready3. Tetera Faulkner 3. Phil Kite4. Sam Wykes 4. Marco Kotze5. Rory Walton 5. James Horwill6. Brynard Stander 6. Dave McDuling7. Matt Hodgson 7. Michael Gunn8. Ross Haylett-Petty 8. Tim Buchanan9. Justin Turner 9. Nick Frisby10. Dillyn Leyds 10. Jake McIntyre11. Marcel Brache 11. Harry Parker12. Kyle Godwin 12. Rex Tapuai13. Junior Rasolea 13. Samu Kerevi14. Luke Morahan 14. Chris Kuridrani15. Dane Haylett-Petty 15. Matthew FeaunatiRESERVES: RESERVES16. Robbie Abel 16. David Feao, 17. Joe Savage 17. Matt Mafi18. Oliver Hoskins 18. Sam Talakai19. Corey Thomas 19. Brad Wilkin20. Richard Hardwick 20. Adam Korczyk21. Ian Prior 21. Jack Mullins22. Zack Holmes 22. James Dalgleish23. Va’a Mailei 23. Toby White

Season Review

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23RUGBYWA 2014 ANNUAL REPORT

2014 Buildcorp National Rugby Championship Week 3Saturday, 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 GREATER SYDNEY RAMS1. Alec Hepburn 1. Benn Robinson2. Robbie Abel 2. Hugh Roach3. Oliver Hoskins 3. Guy Millar4. Corey Thomas 4. Jared Barry5. Kieran Stringer 5. Dylan Sigg6. Brent Murphy 6. Steve Mafi7. Kane Koteka 7. Hugh Perrett8. Alex Rovira 8. Jed Holloway (c)9. Ian Prior 9. Mark Swanepoel10. Zack Holmes 10. Ben Volavola11. Nili Fielea 11. Taqele Naiyarvaro12. Luke Burton 12. Henry Taefu13. Ammon Matuauto 13. Michael McDougall14. Brad Lacey 14. Jerome McKenzie15. Dillyn Leyds 15. Dane ChisolmRESERVES: RESERVES16. Harry Scoble 16. Maile Ngauamo17. Joe Savage 17. Jed Gillespie18. Chris Heiberg 18. Dave Lolohea19. Rory Walton 19. Michale Kovavcic20. Richard Hardwick 20. Pat Sio21. Justin Turner 21. Vasa Falaelii22. Davis Tavita 22. Jai Ayoub23. Va’a Mailei 23. Lalakai Foketi

2014 Buildcorp National Rugby Championship Week 4Thursday, 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 MELBOURNE RISING1. Joe Savage 1. Toby Smith2. Harry Scoble 2. Pat Leafa3. Chris Heiberg 3. Paul Alo-Emile4. Rory Walton 4. Sam Jeffries5. Brent Murphy 5. Cadeyrn Neville6. Brynard Stander 6. Luke Jones7. Richard Hardwick 7. Sean McMahon8. Alex Rovira 8. Lopeti Timani9. Ian Prior 9. Nic Stirzaker10. Dillyn Leyds 10. Jack Debreczeni11. Nili Fielea 11. Joe Kamana12. Luke Burton 12. Mitch Inman13. Ammon Matuauto 13. Sefanaia Naivalu14. Brad Lacey 14. Telusa Veainu15. Zack Holmes 15. Jonah PlacidRESERVES: RESERVES16. Kieran Stringer 16. Tom Sexton17. Alec Hepburn 17. Tuiatua Tuia18. Oliver Hoskins 18. Cruze Ah-Nau19. Corey Thomas 19. Pom Simona20. Kane Koteka 20. Sione Taufa21. Michael Ruru 21. Luke Burgess22. Davis Tavita 22. Lloyd Johansson23. Va’a Mailei 23. Tom English

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24 RUGBYWA 2014 ANNUAL REPORT

2014 Buildcorp National Rugby Championship Week 5Saturday, 20 September at Brookvale Oval, Sydney

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)

PERTH SPIRIT NORTH HARBOUR RAYS1. Joe Savage 1. Toby Smith2. Robbie Abel 2. Pat Leafa3. Oliver Hoskins 3. Paul Alo-Emile4. Corey Thomas 4. Sam Jeffries5. Brent Murphy 5. Cadeyrn Neville6. Richard Hardwick 6. Luke Jones7. Kane Koteka 7. Sean McMahon8. Alex Rovira 8. Lopeti Timani9. Justin Turner 9. Nic Stirzaker10. Zack Holmes 10. Jack Debreczeni11. Va’a Mailei 11. Joe Kamana12. Luke Burton 12. Mitch Inman13. Ammon Matuauto 13. Sefanaia Naivalu14. Brad Lacey 14. Telusa Veainu15. Dillyn Leyds 15. Jonah PlacidRESERVES: RESERVES16. Harry Scoble 16. Tom Sexton17. Alec Hepburn 17. Tuiatua Tuia18. Kaiser Reidy 18. Cruze Ah-Nau19. Scott Stevens 19. Pom Simona20. Ross Haylett-Petty 20. Sione Taufa21. Nili Fielea 21. Luke Burgess22. Michael Ruru 22. Lloyd Johansson23. Davis Tavita 23. Tom English

2014 Buildcorp National Rugby Championship Week 6Sunday, 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 SYDNEY STARS1. Joe Savage 1. Paddy Ryan2. Robbie Abel 2. James Willan3. Tetera Faulkner 3. Laurie Weeks4. Sam Wykes 4. Andrew Leota5. Brent Murphy 5. Will Skelton6. Brynard Stander 6. Hugo Dessens7. Richard Hardwick 7. Patrick McCutcheon (c)8. Ross Haylett-Petty 8. Sam Quinn9. Ian Prior 9. Jake Gordon10. Zack Holmes 10. Stuart Dunbar11. Marcel Brache 11. Jono Sullivan12. Kyle Godwin 12. Jim Stewart13. Junior Rasolea 13. Michael Hodges14. Luke Morahan 14. James Dargaville15. Dane Haylett-Petty 15. Jack MacklinRESERVES RESERVES16. Harry Scoble 16. Tom Coolican17. Chris Heiberg 17. Tom Robertson18. Oliver Hoskins 18. Jeremy Tilse19. Kieran Stringer 19. Matthew Philip20. Kane Koteka 20. Mitchell Whitely21. Alex Rovira 21. Jock Merriman22. Justin Turner 22. Angus Roberts23. Dillyn Leyds 23. Johnny Loseli

Season Review (cont.)

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25RUGBYWA 2014 ANNUAL REPORT

2014 Buildcorp National Rugby Championship Week 7Saturday, 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 QUEENSLAND COUNTRY1. Joe Savage 1. Haydn Hirsimaki2. Robbie Abel 2. Ryan Freney3. Tetera Faulkner 3. Campbell Wakely4. Sam Wykes 4. Rubin Fuimaono5. Brent Murphy 5. Blake Enever6. Brynard Stander 6. Mitch King7. Kane Koteka 7. Jack de Guingand8. Alex Rovira 8. Ben Adams9. Ian Prior 9. Sam Grasso10. Zack Holmes 10. Matt Brandon11. Christian Joubert 11. Giles Beveridge12. Luke Burton 12. Sam Johnson13. Kyle Godwin 13. Campbell Magnay14. Luke Morahan 14. Tom Pincus15. Dane Haylett-Petty 15. Jamie-Jerry TaulagiRESERVES RESERVES16. Harry Scoble 16. Michael Parker17. Chris Heiberg 17. Feao Fotuaika18. Oliver Hoskins 18. Andrew Parker19. Scott Stevens 19. Sam Fattal20. Richard Hardwick 20. James Turner21. Justin Turner 21. James Tuttle22. Davis Tavita 22. Herman Porter23. Va’a Mailei 23. Pierce Fitzgerald

2014 Buildcorp National Rugby Championship Week 9Saturday, 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 NSW COUNTRY EAGLES1. Joe Savage 1. Duncan Chubb2. Robbie Abel 2. Bill Johnston3. Chris Heiberg 3. Jake Illnicki4. Corey Thomas 4. Ben Matwijow5. Brent Murphy 5. Richard Stanford6. Richard Hardwick 6. Tala Gray7. Kane Koteka 7. Will Miller8. Alex Rovira 8. Stephen Hoiles9. Justin Turner 9. Brendan McKibbin10. Zack Holmes 10. Sam Windsor11. Koiatu Koiatu 11. Andrew Kellaway12. Luke Burton 12. Apukuki Maufu13. Ammon Matuauto 13. Samu Wara14. Va’a Mailei 14. Joel Brooks15. Christian Joubert 15. Darcy EtrichRESERVES RESERVES16. Harry Scoble 16. Michael Alaalatoa17. Oliver Hoskins 17. Ben Suisala18. Kaisa Reidy 18. Will Weeks19. Kieran Stringer 19. Cam Treloar20. Cian O’Connor 20. Mick Snowden21. Michael Ruru 21. Pauli Tuala22. Davis Tavita 22. Eli Sinoti23. Nili Fielea 23. Malakai Watene-Zelezniak

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26 RUGBYWA 2014 ANNUAL REPORT

2014 Buildcorp National Rugby Championship Week 10 – Semi FinalSaturday, 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 MELBOURNE RISING1. Pek Cowan 1. Toby Smith2. Robbie Abel 2. Pat Leafa3. Oliver Hoskins 3. Paul Alo-Emile4. Sam Wykes (c) 4. Sam Jeffries5. Brent Murphy 5. Cadeyrn Neville 6. Brynard Stander 6. OJ Noa7. Kane Koteka 7. Sione Taufa8. Al Rovira 8. Lopeti Timani9. Ian Prior 9. Nic Stirzaker10. Zack Holmes 10. Jack Debreczeni11. Marcel Brache 11. Joe Kamana12. Solomoni Rasolea 12. Mitch Inman13. Ammon Matuauto 13. Sefanaia Naivalu14. Luke Morahan 14. Rennie Lautolo-Molimau15. Dane Haylett-Petty 15. Jonah Placid RESERVES RESERVES16. Harry Scoble 16. Tome Sexton 17. Joe Savage 17. Fereti Sa’aga18. Chris Heiberg 18. Cruze Ah-Nau19. Kieran Stringer 19. Pom Simona 20. Richard Hardwick 20. Angus Hamilton21. Justin Turner 21. Luke Burgess22. Davis Tavita 22. Lloyd Johansson23. Christian Joubert 23. Martin Naufahu

2014 Buildcorp National Rugby Championship Week 11 – FinalSaturday, 1 November 2014 - Ballymore Stadium, Brisbane

Brisbane City 37 (Pettowa Paraka 2; Liam Gill, Junior Laloifi, Penalty tries; Jake McIntyre 4 conversions)

Perth Spirit 26(Junior Rasolea, Dane Haylett-Petty, Robbie Abel, Davis Tavita tries; Zack Holmes 2 conversions)

PERTH SPIRIT BRISBANE CITY 1. Pek Cowan 1. Pettowa Paraka2. Robbie Abel 2. Andrew Ready3. Oliver Hoskins 3. Sef Faagase4. Sam Wykes (c) 4. Marco Kotze5. Brent Murphy 5. Dave McDuling (c)6. Brynard Stander 6. Curtis Browning7. Kane Koteka 7. Liam Gill8. Alex Rovira 8. Jake Schatz9. Ian Prior 9. Nick Frisby10. Zack Holmes 10. Jake McIntyre11. Marcel Brache 11. Matt Feaunati12. Ammon Matuauto 12. Jack Mullins13. Solomoni Rasolea 13. Toby White14. Luke Morahan 14. Chris Kuridrani15. Dane Haylett-Petty 15. Brando Va’auluRESERVES RESERVES16. Harry Scoble 16. Matt Mafi17. Joe Savage 17. David Feao18. Chris Heiberg 18. Phil Kite19. Kieran Stringer 19. Tim Buchanan 20. Richard Hardwick 20. Adam Korczyk21. Justin Turner 21. Will Thompson22. Davis Tavita 22. James Dalgleish23. Christian Joubert 23. Junior Laloifi

Season Review (cont.)

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27RUGBYWA 2014 ANNUAL 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-of-the-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

Community Rugby Report

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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.

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

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.

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

Andrew HillGeneral Manager, Game Development

Structure

Product

Provider channelClub M F M F M F M F M F M F M F M F M F

Junior, Youth, Senior, Masters 7,515 160 2,906 0 1,464 948 0 0 0 0 0 0 450 0 1,908 24 187 0

Total

School & Tertiary M F M F M F M F M F M F M F M F M F

Primary, Secondary, Uni/Col lege

2,669 0 0 0 588 120 246 246 1,318 1,318 0 0 80 0 4,813 3,877 8,005 7,725

Tota l

Community M F M F M F M F M F M F M F M F M F

Tots , Junior, Youth, Senior, Masters

0 0 0 0 0 60 0 0 0 0 0 0 0 0 0 100 35 10

Total

Sub Total Overall TotalsCompetition & Non Competition Participant 19,557Promotional & Occassional Participant 27,214

Participation Segmentation & Calculation methodology

Overall Total 46,771 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 daysAll 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

7 a-side x 12 participants 12 a-side x 17 participants 10 a-side x 15 participants 15 a-side x 20 participants

Competition (fixtures & ladders) Non-comp (learning to play)

Events & Experiences (Marketing & Promotion)Game/Program Traditional Rugby 15-a-side Rugby Sevens Entry Level Program

Super Rugby State Participant and

Fan Program

0

2,906 2,412 0 0

15-a-side (tackle)Modified Pathway (Numbers/format)

Rugby Sevens (Tackle)

Rugby Sevens (Non-Contact)

National Recruitment

Program

Traditional Rugby Pathway Rugby Sevens

Rugby Themed weeks, Come & Try day, clinics,

Road shows, visits, camps etc.

7,675

2,669

0 450 1,932 187

0 708 492 2,635 0 80 8,690

appropriate participant value below. Remember for All Club channel Sevens rugby you also calculate the participant number by multiplying the TEAM number similarly.

15,730

0 60 0 0 0 0 100 45

530 10,722 15,962

13,250 3,672 2,6350

27,21410,344 2,906 3,180 492 2,635

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Grade TablesPindan 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 

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30 RUGBYWA 2014 ANNUAL REPORT

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 

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

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:

Dylan Timu (Perth Bayswater)Graham CooperGus Martyn (Nedlands)Rebecca Clough (Cottesloe)Andries Van der Westhuizen (Nedlands)Brad Lacey (Wests Scarborough)

Levon Kvas-Rothwell (UWA)Christian Joubert (UWA) & Mi-chael Ruru (Nedlands)NedlandsARKSPalmyraCharles Fear

Winner of 2014 Grand Finals Award Winners

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 

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31RUGBYWA 2014 ANNUAL 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.

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.

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.

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

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.

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.

Martin BeckerPresident, RugbyWA Juniors

WAJRU President’s Report

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32 RUGBYWA 2014 ANNUAL REPORT

IntroductionIn 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 2014At 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

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

On the FieldOur 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.

Competition2013 2014

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 DemographicWe 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 & AbusePlayer 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).

Compe-

tition

2012 2013 2014

Sin Bin

Send Off

Code of Conduct

Sin Bin

Send Off

Code of Conduct

Sin Bin

Send Off

Code of Conduct

Senior 348 38 6 405 40 5 315 33 6

Junior 55 16 8 70 18 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

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33RUGBYWA 2014 ANNUAL REPORT

Juniors team for their continuing support, in particular the implementation of the Team Spectator Management programme.

DevelopmentOur challenge is to develop young referees to referee Premier Grade and higher.

Average age of Premier

Grade Referees (years)

2010 2011 2012 2013 2014

36.1 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**

VolunteersI 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.

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

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.

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 FitzgeraldHonorary President, WARURA

WARURA Report (cont.)

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34 RUGBYWA 2014 ANNUAL REPORT

Public Schools AssociationThe 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 CollegesThe 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

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 McNameePresident, WASRU

WASRU Report

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35RUGBYWA 2014 ANNUAL 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.

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.

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

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.

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

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.

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

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

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 MillsPresident, Country Rugby

Country Rugby Report

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36 RUGBYWA 2014 ANNUAL REPORT

U14sU14 State Champs

DATE: 20/09/2014 Date 24/09/2014 Date 27/09/2014 CUMULATIVE TOTAL

OPPOSITION POINTS FOR POINTS AGAINST OPPOSITION POINTS FOR POINTS

AGAINST OPPOSITION POINTS FOR POINTS AGAINST FOR AGAINST DIFF

NORTH South 38 10 South 19 12 South 26 3 83 25 58

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"

Penalties C. Parata (4) C. Parata (2)

Drop Goals

SOUTH North 10 38 North 12 19 North 3 26 25 83 -58

Tries W. Smith C. Parker, R. Jennings

Goals G. Leituala G. Leituala

Penalties G. Leituala C. Parker

Drop Goals

2014 State Champions: NORTH

U15sU15 State Champs

DATE: 20/09/2014 Date 24/09/2014 Date 27/09/2014 CUMULATIVE TOTAL

OPPOSITION POINTS FOR POINTS AGAINST OPPOSITION POINTS FOR POINTS

AGAINST OPPOSITION POINTS FOR POINTS AGAINST FOR AGAINST DIFF

NORTH South 19 12 South 27 0 South 20 19 91 12 79

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 E. Reilly

Drop Goals

SOUTH North 12 19 North 0 27 North 0 45 12 91 -79

Tries C. Knox (2)

Goals M. McDonald

Penalties

Drop Goals

2014 State Champions: NORTH

U16sU16 State Champs

DATE: 20/09/2014 Date 24/09/2014 Date 27/09/2014 CUMULATIVE TOTAL

OPPOSITION POINTS FOR POINTS AGAINST OPPOSITION POINTS FOR POINTS

AGAINST OPPOSITION POINTS FOR POINTS AGAINST FOR AGAINST DIFF

NORTH South 17 18 South 10 18 27 48 -19

Tries R. O'Sullivan, K. Pearce, J. Daynes B. Whitehead, A. Hondros

Goals C. Tearoa

Penalties

Drop Goals

SOUTH North 18 17 North 18 10 North 10 0 48 27 19

Tries S. Waiti, P. Ashworth P. Ashworth, V. Young, S. O'Hara E. Stafford

Goals A. Shortall N. Lamatoa

Penalties A. Shortall (2) A. Shortall A. Shortall

Drop Goals

2014 State Champions: SOUTH

JUNIOR ELITE REPORT

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37RUGBYWA 2014 ANNUAL REPORT

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 TeamFIRST NAME SURNAME CLUB

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

Connor McCluggage UWA

Ilani (Mark) Naleba Wests Scarborough

Tom Norman Nedlands

Simon Parsons Wests Scarborough

Ethan Reilly Wanneroo

Robert Ryan Rockingham

Connor Sattler Rockingham

Ethan Soden Palmyra

Marnus Spangenberg Joondalup

Joshua Spittal Perth Bayswater

Manaia Stockman-Te-Rahui Wanneroo

Solomon Stone Wanneroo

Ephraim Tearoa Wests Scarborough

Tiago Valentim Joondalup

Sheldon Willan ARKS

State 15s Staff:HEAD COACH: Arno VisserASS. COACH: Dave WellsMANAGER: Chris JensenPHYSIO: Bryony McCruddenS&C: Stuart Guppy PROGRAM Elwee PrinslooCOORDINATOR:

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)

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 SquadFIRST NAME SURNAME CLUB

Zachary Branca Perth Bayswater

Jack Daynes Joondalup

Chey-John Hatu Mandurah

Jayden Hocking Southern Lions

Anthony Hondros Associates

Jack Knobben Mandurah

Sosifa Likio Rockingham

Thomas Masibaka Associates

Rory O'Sullivan Associates

Kade Pearce Joondalup

Evan Stafford Palmyra

Corry Tearoa Wanneroo

Bitner Junior Tumanuvao Rockingham

Hendricus Van Der Rockingham

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38 RUGBYWA 2014 ANNUAL REPORT

JUNIOR ELITE REPORT (cont.)U17 JGC Touring Team

FIRST NAME SURNAME CLUBZachary 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: Justin (Gus) MartynASS. COACH: Grant OakleyMANAGER: Terry StaintonPHYSIO: Stacey StockmanPROGRAM Elwee PrinslooCOORDINATOR:

Junior Gold Cup (Under 17) – FinalWestern 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 FinalWestern Australia 23 defeated Brisbane Purple 8 (Trey Moloney, Leighton Short, Lorenzo Mario tries; Nick Jooste conversion, 2 penalties)

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)

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39RUGBYWA 2014 ANNUAL REPORT

2014 STATE SCHOOLBOYSThe State Schoolboys represented WA at the Division 1 National Schoolboy Championships held at St Ignatius College, Riverview, Sydney.

FIRST NAME SURNAME SCHOOLIsaac 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

Nicholas Jooste Hale School

Sosifa Likio Warnbro High School

Allen Maradzika Kingsway Christian College

Lorenzo Mario Aranmore College

Thomas Masibaka Aranmore College

Taine Oakley Leeming Senior High School

Sam Offer Wesley College

Torongare Reedy Clarkson Community High School

Chad Ross Aranmore College

Serge Sapsford Aranmore College

Jonathan Savea Guildford Grammar

Leighton Short Cristian Brothers College Fremantle

Jack Soa John Curtin School of Arts

Ben Tata Thornlie Senior High School

Corry Tearoa Aranmore College

Clay Uyen Hale School

Sy Waiti Halls Head Community College

Keelan Simpkins - Iti Rockingham

Evan Stafford Palmyra

Ricardo Steyn Nedlands

Corry Tearoa Wanneroo

Bitner Junior Tumanuvao Rockingham

Sioeli Vaituulala Southern Lions

Hendricus Van Der Heyden Rockingham

Liam Van Der Heyden Rockingham

Sy Waiti Mandurah

State Schoolboys Staff:HEAD COACH: Grant OakleyASS. COACH: Alex StajkaMANAGER: Kathal SpencePHYSIO: 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,

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)

STATE 20sThe State 20s of 2014 were undefeated in winning the Southern States Championships in February.

FIRST NAME SURNAME CLUBJermaine Ainsley Nedlands

Oscar Backhouse University

Ed Brook University

Luke Burton University

Brad Campbell Wanneroo

Cody Coe-Baker Wests Scarborough

Tevin Ferris Nedlands

Alistair Haining Cottesloe

Richard Hardwick University

Ross Haylett-Petty Cottesloe

Robert Ingram Associates

Tim Koiatu Wanneroo

Kane Koteka Wests Scarborough

Brad Lacey Wests Scarborough

Jordan Luke Perth Bayswater

Tristan Schneider Joondalup

Harry Scoble University

Graham Sullivan Kalamunda

Delroy Tapuosi Palmyra

Angus Taylor Wanneroo

Corey Thomas University

Dean Van Schalkwyk Cottesloe

Max Veech Perth Bayswater

Riley Winter Wests Scarborough

Kylan Yoxall Associates

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.

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40 RUGBYWA 2014 ANNUAL REPORT

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 – Harry Scoble, Kane Koteka and Richard Hardwick.

FIRST NAME SURNAME CLUBJermaine 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 Thomas University

Nicholas Ward Palmyra

JUNIOR ELITE REPORT (cont.)

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41RUGBYWA 2014 ANNUAL REPORT

Whilst 2014 was one of the most successful for the Western Force with 6 wins at home and 9 wins in total forthe season our off field financial performance was again challenging but showing clear signs of improvementover 2013.

The trading result for 2014 was an operating deficit of $649,000 (2013 – $857,100) a 24% improvement. Thisoperating deficit was predominately driven by failure to achieve key revenue targets. From an ongoingperspective the trend is in the right direction and we expect to return to profitability by 2016 if not earlier.

However the team’s success did have an immediate financial impact comparatively to 2013, with a 28% increasein match day tickets sales, a 3% increase in match day corporate hospitality sales and a 37% increase inmerchandise sales. Historically team results have had a delayed effect on both membership and sponsorshiprevenue which we have budgeted for in 2015.

The introduction of the National Rugby Championship and the Perth Spirit not only provided a vital developmentpathway for our athletes but also contributed $152,000 in revenue to our operations. We managed to bring thisteam together in a very short time frame and also provided development opportunities for team support andadministration 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 impactingon the rugby program.

Despite the financial challenges our grass roots level participation increased again in 2014 with an investmentof 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 a48% improvement over the previous year; this further impacted our already negative balance sheet. It isimportant to understand that the unearned revenue on our balance sheet of $3,191,020 is a non cash liabilityand 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 andongoing hard work is really appreciated.

Maryanne WilsonChief Financial Officer

Chief Financial Officer’s Report

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42 RUGBYWA 2014 ANNUAL REPORT

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43RUGBYWA 2014 ANNUAL REPORT

Your  board  members  submit  the  consolidated  financial  report  of  the  Western  Australian  Rugby  Union  (Inc.)  and  it's  controlled  entities  ("RugbyWA"  or  "the  Association")  for  the  year  ended  31  December  2014.

BOARD  MEMBERS

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

ElectedRussel  Perry  -­‐  ChairmanDavid  Redpath  -­‐  President Re-­‐elected  March  2014Leon  Davies Retired  March  2014Steve  Fink Retired  March  2014Marion  Fulker Appointed  April  2014    *Anthony  HowarthHans  Sauer Elected  March  2014

AppointedIan  Cochrane Retired  March  2014John  Edwards Appointed  April  2014Charles  Fear Re-­‐appointed  March  2014Kevin  Gallagher Appointed  April  2014    **Scott  Staniforth  -­‐  Player  Representative Re-­‐appointed  March  2014Brent  Stewart Retired  March  2014David  Vaux Re-­‐appointed  March  2014

*  appointed  to  replace  S  Fink**  appointed  to  replace  I  Cochrane

ExecutivesMark  Sinderberry  -­‐  Chief  Executive  OfficerMaryanne  Wilson  -­‐  Chief  Financial  Officer

BOARD  MEETINGS

The  number  of  board  meetings  held  and  the  number  of  meetings  attended  by  each  of  the  board  membersduring  the  financial  year  are:

A BRussel  Perry  -­‐  Chairman 11 11David  Redpath  -­‐  President   11 11Ian  Cochrane 2 2Leon  Davies 2 2John  Edwards 7 9Charles  Fear 11 11Steve  Fink 2 2Marion  Fulker 9 9Kevin  Gallagher 5 9Anthony  Howarth 9 11Hans  Sauer 8 9Scott  Staniforth  -­‐  Player  Representative 9 11Brent  Stewart 1 2David  Vaux 8 11

Mark  Sinderberry  -­‐  Chief  Executive  Officer 11 11Maryanne  Wilson  -­‐  Chief  Financial  Officer 11 11

All  Board  members  are  non-­‐executive.A  -­‐  Number  of  meetings  attendedB  -­‐  Reflects  the  number  of  meetings  held  during  the  time  the  Board  member  held  office  during  the  year.

CORPORATE  INFORMATIONThe  consolidated  financial  report  of  Western  Australian  Rugby  Union  (Inc.)  for  the  year  ended  31  December  2014  wasauthorised  for  issue  in  accordance  with  a  resolution  of  the  board  members  on  16  February  2015.

Western  Australian  Rugby  Union  (Inc.)  is  an  Association  that  is  incorporated  and  domiciled  in  Australia.

The  registered  office  of  Western  Australian  Rugby  Union  (Inc.)  is  located  at:    203  Underwood  Avenue    FLOREAT  WA    6014

The  entity  employed  36  contracted  players  and  38  staff  as  of  31  December  2014  (2013:  40  contracted  players  and  39  staff).

REMUNERATIONNon-­‐executive  directors  do  not  receive  remuneration  from  the  Association.

Board  Meetings

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

DIRECTOR'S  REPORT

Your  board  members  submit  the  consolidated  financial  report  of  the  Western  Australian  Rugby  Union  (Inc.)  and  it's  controlled  entities  ("RugbyWA"  or  "the  Association")  for  the  year  ended  31  December  2014.

BOARD  MEMBERS

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

ElectedRussel  Perry  -­‐  ChairmanDavid  Redpath  -­‐  President Re-­‐elected  March  2014Leon  Davies Retired  March  2014Steve  Fink Retired  March  2014Marion  Fulker Appointed  April  2014    *Anthony  HowarthHans  Sauer Elected  March  2014

AppointedIan  Cochrane Retired  March  2014John  Edwards Appointed  April  2014Charles  Fear Re-­‐appointed  March  2014Kevin  Gallagher Appointed  April  2014    **Scott  Staniforth  -­‐  Player  Representative Re-­‐appointed  March  2014Brent  Stewart Retired  March  2014David  Vaux Re-­‐appointed  March  2014

*  appointed  to  replace  S  Fink**  appointed  to  replace  I  Cochrane

ExecutivesMark  Sinderberry  -­‐  Chief  Executive  OfficerMaryanne  Wilson  -­‐  Chief  Financial  Officer

BOARD  MEETINGS

The  number  of  board  meetings  held  and  the  number  of  meetings  attended  by  each  of  the  board  membersduring  the  financial  year  are:

A BRussel  Perry  -­‐  Chairman 11 11David  Redpath  -­‐  President   11 11Ian  Cochrane 2 2Leon  Davies 2 2John  Edwards 7 9Charles  Fear 11 11Steve  Fink 2 2Marion  Fulker 9 9Kevin  Gallagher 5 9Anthony  Howarth 9 11Hans  Sauer 8 9Scott  Staniforth  -­‐  Player  Representative 9 11Brent  Stewart 1 2David  Vaux 8 11

Mark  Sinderberry  -­‐  Chief  Executive  Officer 11 11Maryanne  Wilson  -­‐  Chief  Financial  Officer 11 11

All  Board  members  are  non-­‐executive.A  -­‐  Number  of  meetings  attendedB  -­‐  Reflects  the  number  of  meetings  held  during  the  time  the  Board  member  held  office  during  the  year.

CORPORATE  INFORMATIONThe  consolidated  financial  report  of  Western  Australian  Rugby  Union  (Inc.)  for  the  year  ended  31  December  2014  wasauthorised  for  issue  in  accordance  with  a  resolution  of  the  board  members  on  16  February  2015.

Western  Australian  Rugby  Union  (Inc.)  is  an  Association  that  is  incorporated  and  domiciled  in  Australia.

The  registered  office  of  Western  Australian  Rugby  Union  (Inc.)  is  located  at:    203  Underwood  Avenue    FLOREAT  WA    6014

The  entity  employed  36  contracted  players  and  38  staff  as  of  31  December  2014  (2013:  40  contracted  players  and  39  staff).

REMUNERATIONNon-­‐executive  directors  do  not  receive  remuneration  from  the  Association.

Board  Meetings

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

DIRECTOR'S  REPORT

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44 RUGBYWA 2014 ANNUAL REPORT

PRINCIPAL  ACTIVITIESThe  principal  activities  of  the  Association  during  the  financial  year  were  the  operation  and  management  of  Rugby  Union  development  in  Western  Australia.

SIGNIFICANT  CHANGES  IN  THE  STATE  OF  AFFAIRSThe  Future  Force  Foundation  was  incorporated  in  2014.    The  objectives  of  the  Future  Force  Foundation  are  to  foster  and  develop  rugbyplayers  and  to  provide  scholarships  to  develop  their  rugby  and  vocational  skills.

REVIEW  OF  OPERATIONSThe  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  ExecutiveOfficer's  report  and  the  Chief  Financial  Officer's  report  included  in  the  2014  Annual  Report.

FUTURE  DEVELOPMENTS  AND  RESULTSThe  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  directorsare  confident  that  the  strategy  adopted  will  return  the  Association  to  reporting  a  surplus  over  the  course  of  theshort  to  medium  term.

SIGNIFICANT  EVENTS  AFTER  THE  BALANCE  DATESubsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecured  interest  free  loan  to  underpin  the2015  cashflow.

ENVIRONMENTAL  REGULATION  AND  PERFORMANCEThe  association  is  not  subject  to  any  particular  or  significant  environmental  regulation.

INDEMNIFICATION  OF  DIRECTORS  AND  AUDITORSThe  Association  has  not  indemnified  any  of  the  directors  or  officers  nor  taken  out  policies  of  insurance  in  respect  of  the  directors'  liability.

To  the  extent  permitted  by  law,  the  Association  has  agreed  to  indemnify  its  auditors,  Ernst  &  Young,  as  part  ofthe  terms  of  its  audit  engagement  agreement  against  claims  by  third  parties  arising  from  the  audit  (for  anunspecified  amount).  No  payment  has  been  made  to  indemnify  Ernst  &  Young  during  or  since  the  financial  year.The  Association  shall  have  no  obligation  hereunder  to  the  extent  that  Ernst  &  Young  has  specifically  authorisedin  writing,  third  party  reliance  on  the  report.

PROCEEDINGS  ON  BEHALF  OF  THE  ASSOCIATIONNo  person  has  applied  for  leave  of  Court  to  bring  proceedings  on  behalf  of  the  Association  or  intervenein  any  proceedings  to  which  the  Association  is  a  party  for  the  purpose  of  taking  responsibility  on  behalf  of  theAssociation  for  all  for  any  part  of  those  proceedings.  The  Association  was  not  a  party  to  any  such  proceedingsduring  the  year.

Signed  in  accordance  with  a  resolution  of  the  members  of  the  Board.

Russel  PerryDated:  16  February  2015Perth

Your  board  members  submit  the  consolidated  financial  report  of  the  Western  Australian  Rugby  Union  (Inc.)  and  it's  controlled  entities  ("RugbyWA"  or  "the  Association")  for  the  year  ended  31  December  2014.

BOARD  MEMBERS

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

ElectedRussel  Perry  -­‐  ChairmanDavid  Redpath  -­‐  President Re-­‐elected  March  2014Leon  Davies Retired  March  2014Steve  Fink Retired  March  2014Marion  Fulker Appointed  April  2014    *Anthony  HowarthHans  Sauer Elected  March  2014

AppointedIan  Cochrane Retired  March  2014John  Edwards Appointed  April  2014Charles  Fear Re-­‐appointed  March  2014Kevin  Gallagher Appointed  April  2014    **Scott  Staniforth  -­‐  Player  Representative Re-­‐appointed  March  2014Brent  Stewart Retired  March  2014David  Vaux Re-­‐appointed  March  2014

*  appointed  to  replace  S  Fink**  appointed  to  replace  I  Cochrane

ExecutivesMark  Sinderberry  -­‐  Chief  Executive  OfficerMaryanne  Wilson  -­‐  Chief  Financial  Officer

BOARD  MEETINGS

The  number  of  board  meetings  held  and  the  number  of  meetings  attended  by  each  of  the  board  membersduring  the  financial  year  are:

A BRussel  Perry  -­‐  Chairman 11 11David  Redpath  -­‐  President   11 11Ian  Cochrane 2 2Leon  Davies 2 2John  Edwards 7 9Charles  Fear 11 11Steve  Fink 2 2Marion  Fulker 9 9Kevin  Gallagher 5 9Anthony  Howarth 9 11Hans  Sauer 8 9Scott  Staniforth  -­‐  Player  Representative 9 11Brent  Stewart 1 2David  Vaux 8 11

Mark  Sinderberry  -­‐  Chief  Executive  Officer 11 11Maryanne  Wilson  -­‐  Chief  Financial  Officer 11 11

All  Board  members  are  non-­‐executive.A  -­‐  Number  of  meetings  attendedB  -­‐  Reflects  the  number  of  meetings  held  during  the  time  the  Board  member  held  office  during  the  year.

CORPORATE  INFORMATIONThe  consolidated  financial  report  of  Western  Australian  Rugby  Union  (Inc.)  for  the  year  ended  31  December  2014  wasauthorised  for  issue  in  accordance  with  a  resolution  of  the  board  members  on  16  February  2015.

Western  Australian  Rugby  Union  (Inc.)  is  an  Association  that  is  incorporated  and  domiciled  in  Australia.

The  registered  office  of  Western  Australian  Rugby  Union  (Inc.)  is  located  at:    203  Underwood  Avenue    FLOREAT  WA    6014

The  entity  employed  36  contracted  players  and  38  staff  as  of  31  December  2014  (2013:  40  contracted  players  and  39  staff).

REMUNERATIONNon-­‐executive  directors  do  not  receive  remuneration  from  the  Association.

Board  Meetings

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

DIRECTOR'S  REPORT

Your  board  members  submit  the  consolidated  financial  report  of  the  Western  Australian  Rugby  Union  (Inc.)  and  it's  controlled  entities  ("RugbyWA"  or  "the  Association")  for  the  year  ended  31  December  2014.

BOARD  MEMBERS

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

ElectedRussel  Perry  -­‐  ChairmanDavid  Redpath  -­‐  President Re-­‐elected  March  2014Leon  Davies Retired  March  2014Steve  Fink Retired  March  2014Marion  Fulker Appointed  April  2014    *Anthony  HowarthHans  Sauer Elected  March  2014

AppointedIan  Cochrane Retired  March  2014John  Edwards Appointed  April  2014Charles  Fear Re-­‐appointed  March  2014Kevin  Gallagher Appointed  April  2014    **Scott  Staniforth  -­‐  Player  Representative Re-­‐appointed  March  2014Brent  Stewart Retired  March  2014David  Vaux Re-­‐appointed  March  2014

*  appointed  to  replace  S  Fink**  appointed  to  replace  I  Cochrane

ExecutivesMark  Sinderberry  -­‐  Chief  Executive  OfficerMaryanne  Wilson  -­‐  Chief  Financial  Officer

BOARD  MEETINGS

The  number  of  board  meetings  held  and  the  number  of  meetings  attended  by  each  of  the  board  membersduring  the  financial  year  are:

A BRussel  Perry  -­‐  Chairman 11 11David  Redpath  -­‐  President   11 11Ian  Cochrane 2 2Leon  Davies 2 2John  Edwards 7 9Charles  Fear 11 11Steve  Fink 2 2Marion  Fulker 9 9Kevin  Gallagher 5 9Anthony  Howarth 9 11Hans  Sauer 8 9Scott  Staniforth  -­‐  Player  Representative 9 11Brent  Stewart 1 2David  Vaux 8 11

Mark  Sinderberry  -­‐  Chief  Executive  Officer 11 11Maryanne  Wilson  -­‐  Chief  Financial  Officer 11 11

All  Board  members  are  non-­‐executive.A  -­‐  Number  of  meetings  attendedB  -­‐  Reflects  the  number  of  meetings  held  during  the  time  the  Board  member  held  office  during  the  year.

CORPORATE  INFORMATIONThe  consolidated  financial  report  of  Western  Australian  Rugby  Union  (Inc.)  for  the  year  ended  31  December  2014  wasauthorised  for  issue  in  accordance  with  a  resolution  of  the  board  members  on  16  February  2015.

Western  Australian  Rugby  Union  (Inc.)  is  an  Association  that  is  incorporated  and  domiciled  in  Australia.

The  registered  office  of  Western  Australian  Rugby  Union  (Inc.)  is  located  at:    203  Underwood  Avenue    FLOREAT  WA    6014

The  entity  employed  36  contracted  players  and  38  staff  as  of  31  December  2014  (2013:  40  contracted  players  and  39  staff).

REMUNERATIONNon-­‐executive  directors  do  not  receive  remuneration  from  the  Association.

Board  Meetings

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

DIRECTOR'S  REPORT

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45RUGBYWA 2014 ANNUAL REPORT

PRINCIPAL  ACTIVITIESThe  principal  activities  of  the  Association  during  the  financial  year  were  the  operation  and  management  of  Rugby  Union  development  in  Western  Australia.

SIGNIFICANT  CHANGES  IN  THE  STATE  OF  AFFAIRSThe  Future  Force  Foundation  was  incorporated  in  2014.    The  objectives  of  the  Future  Force  Foundation  are  to  foster  and  develop  rugbyplayers  and  to  provide  scholarships  to  develop  their  rugby  and  vocational  skills.

REVIEW  OF  OPERATIONSThe  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  ExecutiveOfficer's  report  and  the  Chief  Financial  Officer's  report  included  in  the  2014  Annual  Report.

FUTURE  DEVELOPMENTS  AND  RESULTSThe  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  directorsare  confident  that  the  strategy  adopted  will  return  the  Association  to  reporting  a  surplus  over  the  course  of  theshort  to  medium  term.

SIGNIFICANT  EVENTS  AFTER  THE  BALANCE  DATESubsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecured  interest  free  loan  to  underpin  the2015  cashflow.

ENVIRONMENTAL  REGULATION  AND  PERFORMANCEThe  association  is  not  subject  to  any  particular  or  significant  environmental  regulation.

INDEMNIFICATION  OF  DIRECTORS  AND  AUDITORSThe  Association  has  not  indemnified  any  of  the  directors  or  officers  nor  taken  out  policies  of  insurance  in  respect  of  the  directors'  liability.

To  the  extent  permitted  by  law,  the  Association  has  agreed  to  indemnify  its  auditors,  Ernst  &  Young,  as  part  ofthe  terms  of  its  audit  engagement  agreement  against  claims  by  third  parties  arising  from  the  audit  (for  anunspecified  amount).  No  payment  has  been  made  to  indemnify  Ernst  &  Young  during  or  since  the  financial  year.The  Association  shall  have  no  obligation  hereunder  to  the  extent  that  Ernst  &  Young  has  specifically  authorisedin  writing,  third  party  reliance  on  the  report.

PROCEEDINGS  ON  BEHALF  OF  THE  ASSOCIATIONNo  person  has  applied  for  leave  of  Court  to  bring  proceedings  on  behalf  of  the  Association  or  intervenein  any  proceedings  to  which  the  Association  is  a  party  for  the  purpose  of  taking  responsibility  on  behalf  of  theAssociation  for  all  for  any  part  of  those  proceedings.  The  Association  was  not  a  party  to  any  such  proceedingsduring  the  year.

Signed  in  accordance  with  a  resolution  of  the  members  of  the  Board.

Russel  PerryDated:  16  February  2015Perth

PRINCIPAL  ACTIVITIESThe  principal  activities  of  the  Association  during  the  financial  year  were  the  operation  and  management  of  Rugby  Union  development  in  Western  Australia.

SIGNIFICANT  CHANGES  IN  THE  STATE  OF  AFFAIRSThe  Future  Force  Foundation  was  incorporated  in  2014.    The  objectives  of  the  Future  Force  Foundation  are  to  foster  and  develop  rugbyplayers  and  to  provide  scholarships  to  develop  their  rugby  and  vocational  skills.

REVIEW  OF  OPERATIONSThe  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  ExecutiveOfficer's  report  and  the  Chief  Financial  Officer's  report  included  in  the  2014  Annual  Report.

FUTURE  DEVELOPMENTS  AND  RESULTSThe  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  directorsare  confident  that  the  strategy  adopted  will  return  the  Association  to  reporting  a  surplus  over  the  course  of  theshort  to  medium  term.

SIGNIFICANT  EVENTS  AFTER  THE  BALANCE  DATESubsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecured  interest  free  loan  to  underpin  the2015  cashflow.

ENVIRONMENTAL  REGULATION  AND  PERFORMANCEThe  association  is  not  subject  to  any  particular  or  significant  environmental  regulation.

INDEMNIFICATION  OF  DIRECTORS  AND  AUDITORSThe  Association  has  not  indemnified  any  of  the  directors  or  officers  nor  taken  out  policies  of  insurance  in  respect  of  the  directors'  liability.

To  the  extent  permitted  by  law,  the  Association  has  agreed  to  indemnify  its  auditors,  Ernst  &  Young,  as  part  ofthe  terms  of  its  audit  engagement  agreement  against  claims  by  third  parties  arising  from  the  audit  (for  anunspecified  amount).  No  payment  has  been  made  to  indemnify  Ernst  &  Young  during  or  since  the  financial  year.The  Association  shall  have  no  obligation  hereunder  to  the  extent  that  Ernst  &  Young  has  specifically  authorisedin  writing,  third  party  reliance  on  the  report.

PROCEEDINGS  ON  BEHALF  OF  THE  ASSOCIATIONNo  person  has  applied  for  leave  of  Court  to  bring  proceedings  on  behalf  of  the  Association  or  intervenein  any  proceedings  to  which  the  Association  is  a  party  for  the  purpose  of  taking  responsibility  on  behalf  of  theAssociation  for  all  for  any  part  of  those  proceedings.  The  Association  was  not  a  party  to  any  such  proceedingsduring  the  year.

Signed  in  accordance  with  a  resolution  of  the  members  of  the  Board.

Russel  PerryDated:  16  February  2015Perth

Your  board  members  submit  the  consolidated  financial  report  of  the  Western  Australian  Rugby  Union  (Inc.)  and  it's  controlled  entities  ("RugbyWA"  or  "the  Association")  for  the  year  ended  31  December  2014.

BOARD  MEMBERS

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

ElectedRussel  Perry  -­‐  ChairmanDavid  Redpath  -­‐  President Re-­‐elected  March  2014Leon  Davies Retired  March  2014Steve  Fink Retired  March  2014Marion  Fulker Appointed  April  2014    *Anthony  HowarthHans  Sauer Elected  March  2014

AppointedIan  Cochrane Retired  March  2014John  Edwards Appointed  April  2014Charles  Fear Re-­‐appointed  March  2014Kevin  Gallagher Appointed  April  2014    **Scott  Staniforth  -­‐  Player  Representative Re-­‐appointed  March  2014Brent  Stewart Retired  March  2014David  Vaux Re-­‐appointed  March  2014

*  appointed  to  replace  S  Fink**  appointed  to  replace  I  Cochrane

ExecutivesMark  Sinderberry  -­‐  Chief  Executive  OfficerMaryanne  Wilson  -­‐  Chief  Financial  Officer

BOARD  MEETINGS

The  number  of  board  meetings  held  and  the  number  of  meetings  attended  by  each  of  the  board  membersduring  the  financial  year  are:

A BRussel  Perry  -­‐  Chairman 11 11David  Redpath  -­‐  President   11 11Ian  Cochrane 2 2Leon  Davies 2 2John  Edwards 7 9Charles  Fear 11 11Steve  Fink 2 2Marion  Fulker 9 9Kevin  Gallagher 5 9Anthony  Howarth 9 11Hans  Sauer 8 9Scott  Staniforth  -­‐  Player  Representative 9 11Brent  Stewart 1 2David  Vaux 8 11

Mark  Sinderberry  -­‐  Chief  Executive  Officer 11 11Maryanne  Wilson  -­‐  Chief  Financial  Officer 11 11

All  Board  members  are  non-­‐executive.A  -­‐  Number  of  meetings  attendedB  -­‐  Reflects  the  number  of  meetings  held  during  the  time  the  Board  member  held  office  during  the  year.

CORPORATE  INFORMATIONThe  consolidated  financial  report  of  Western  Australian  Rugby  Union  (Inc.)  for  the  year  ended  31  December  2014  wasauthorised  for  issue  in  accordance  with  a  resolution  of  the  board  members  on  16  February  2015.

Western  Australian  Rugby  Union  (Inc.)  is  an  Association  that  is  incorporated  and  domiciled  in  Australia.

The  registered  office  of  Western  Australian  Rugby  Union  (Inc.)  is  located  at:    203  Underwood  Avenue    FLOREAT  WA    6014

The  entity  employed  36  contracted  players  and  38  staff  as  of  31  December  2014  (2013:  40  contracted  players  and  39  staff).

REMUNERATIONNon-­‐executive  directors  do  not  receive  remuneration  from  the  Association.

Board  Meetings

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

DIRECTOR'S  REPORT

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46 RUGBYWA 2014 ANNUAL REPORT

2014 2013$

15,968,219                               16,734,266                              500,000   -­‐  

(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)                                

(83,798)   (108,911)  

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

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

CONSOLIDATED STATEMENT OF  COMPREHENSIVE INCOMEYEAR  ENDED 31 DECEMBER  2014

WESTERN AUSTRALIAN RUGBY UNION (INC.)

Note

REVENUE  FROM  CONTINUING  OPERATIONS 2aOTHER  INCOME 2b

OPERATING  EXPENDITURE 3aCommercial  services  expensesMedia  services  expensesCommunity  rugby  expensesProfessional  rugby  expensesCorporate  services  expensesStadium  infrastructure  expenses 3b

NET  DEFICIT 13

Other  comprehensive  incomeTotal  comprehensive  deficit  for  the  period

The  above  Consolidated  Statement  of  Comprehensive  Income  should  be  read  in  conjunctionwith  the  accompanying  notes.

CONSOLIDATED  STATEMENT  OF  COMPREHENSIVE  INCOMEYEAR  ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

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47RUGBYWA 2014 ANNUAL REPORT

Note 2014 2013$

CURRENT  ASSETSCash  and  cash  equivalents 4 593,453                                           1,952,253                                  Trade  and  other  receivables 5 996,995                                           351,816                                          Inventory 6 75,470                                               22,896                                              Other  current  assets 7 124,437                                           82,149                                              

TOTAL  CURRENT  ASSETS 1,790,355                                   2,409,114                                  

NON-­‐CURRENT  ASSETSProperty,  plant  and  equipment 8 799,601                                           775,634                                          

TOTAL  NON-­‐CURRENT  ASSETS 799,601                                         775,634                                        

TOTAL  ASSETS 2,589,956                                   3,184,748                                  

CURRENT  LIABILITIESTrade  and  other  payables 9 412,683                                           454,062                                          Unearned  revenue 10 3,191,020                                   2,765,922                                  Employee  entitlements 11 254,905                                           167,228                                          Non-­‐interest  bearing  loans  and  borrowings 12 320,000                                           386,500                                          

TOTAL  CURRENT  LIABILITIES 4,178,608                                   3,773,712                                  

NON-­‐CURRENT  LIABILITIESEmployee  entitlements 11 189,310                                           155,880                                          Non-­‐interest  bearing  loans  and  borrowings 12 806,327                                           1,237,244                                  

TOTAL  NON-­‐CURRENT  LIABILITIES 995,637                                         1,393,124                                  

TOTAL  LIABILITIES 5,174,245                                   5,166,836                                  

NET  LIABILITIES (2,584,289)                                 (1,982,088)                                

MEMBERS'  FUNDSAccumulated  deficit 13 (2,584,289)                                 (1,982,088)                                

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

The  above  Consolidated  Statement  of  Financial  Position  should  be  read  inconjunction  with  the  accompanying  notes.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  FINANCIAL  POSITION

AT  31  DECEMBER  2014

Note 2014 2013$

CURRENT  ASSETSCash  and  cash  equivalents 4 593,453                                           1,952,253                                  Trade  and  other  receivables 5 996,995                                           351,816                                          Inventory 6 75,470                                               22,896                                              Other  current  assets 7 124,437                                           82,149                                              

TOTAL  CURRENT  ASSETS 1,790,355                                   2,409,114                                  

NON-­‐CURRENT  ASSETSProperty,  plant  and  equipment 8 799,601                                           775,634                                          

TOTAL  NON-­‐CURRENT  ASSETS 799,601                                         775,634                                        

TOTAL  ASSETS 2,589,956                                   3,184,748                                  

CURRENT  LIABILITIESTrade  and  other  payables 9 412,683                                           454,062                                          Unearned  revenue 10 3,191,020                                   2,765,922                                  Employee  entitlements 11 254,905                                           167,228                                          Non-­‐interest  bearing  loans  and  borrowings 12 320,000                                           386,500                                          

TOTAL  CURRENT  LIABILITIES 4,178,608                                   3,773,712                                  

NON-­‐CURRENT  LIABILITIESEmployee  entitlements 11 189,310                                           155,880                                          Non-­‐interest  bearing  loans  and  borrowings 12 806,327                                           1,237,244                                  

TOTAL  NON-­‐CURRENT  LIABILITIES 995,637                                         1,393,124                                  

TOTAL  LIABILITIES 5,174,245                                   5,166,836                                  

NET  LIABILITIES (2,584,289)                                 (1,982,088)                                

MEMBERS'  FUNDSAccumulated  deficit 13 (2,584,289)                                 (1,982,088)                                

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

The  above  Consolidated  Statement  of  Financial  Position  should  be  read  inconjunction  with  the  accompanying  notes.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  FINANCIAL  POSITION

AT  31  DECEMBER  2014Note 2014 2013

$CURRENT  ASSETS

Cash  and  cash  equivalents 4 593,453                                           1,952,253                                  Trade  and  other  receivables 5 996,995                                           351,816                                          Inventory 6 75,470                                               22,896                                              Other  current  assets 7 124,437                                           82,149                                              

TOTAL  CURRENT  ASSETS 1,790,355                                   2,409,114                                  

NON-­‐CURRENT  ASSETSProperty,  plant  and  equipment 8 799,601                                           775,634                                          

TOTAL  NON-­‐CURRENT  ASSETS 799,601                                         775,634                                        

TOTAL  ASSETS 2,589,956                                   3,184,748                                  

CURRENT  LIABILITIESTrade  and  other  payables 9 412,683                                           454,062                                          Unearned  revenue 10 3,191,020                                   2,765,922                                  Employee  entitlements 11 254,905                                           167,228                                          Non-­‐interest  bearing  loans  and  borrowings 12 320,000                                           386,500                                          

TOTAL  CURRENT  LIABILITIES 4,178,608                                   3,773,712                                  

NON-­‐CURRENT  LIABILITIESEmployee  entitlements 11 189,310                                           155,880                                          Non-­‐interest  bearing  loans  and  borrowings 12 806,327                                           1,237,244                                  

TOTAL  NON-­‐CURRENT  LIABILITIES 995,637                                         1,393,124                                  

TOTAL  LIABILITIES 5,174,245                                   5,166,836                                  

NET  LIABILITIES (2,584,289)                                 (1,982,088)                                

MEMBERS'  FUNDSAccumulated  deficit 13 (2,584,289)                                 (1,982,088)                                

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

The  above  Consolidated  Statement  of  Financial  Position  should  be  read  inconjunction  with  the  accompanying  notes.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  FINANCIAL  POSITION

AT  31  DECEMBER  2014

Note 2014 2013$

CURRENT  ASSETSCash  and  cash  equivalents 4 593,453                                           1,952,253                                  Trade  and  other  receivables 5 996,995                                           351,816                                          Inventory 6 75,470                                               22,896                                              Other  current  assets 7 124,437                                           82,149                                              

TOTAL  CURRENT  ASSETS 1,790,355                                   2,409,114                                  

NON-­‐CURRENT  ASSETSProperty,  plant  and  equipment 8 799,601                                           775,634                                          

TOTAL  NON-­‐CURRENT  ASSETS 799,601                                         775,634                                        

TOTAL  ASSETS 2,589,956                                   3,184,748                                  

CURRENT  LIABILITIESTrade  and  other  payables 9 412,683                                           454,062                                          Unearned  revenue 10 3,191,020                                   2,765,922                                  Employee  entitlements 11 254,905                                           167,228                                          Non-­‐interest  bearing  loans  and  borrowings 12 320,000                                           386,500                                          

TOTAL  CURRENT  LIABILITIES 4,178,608                                   3,773,712                                  

NON-­‐CURRENT  LIABILITIESEmployee  entitlements 11 189,310                                           155,880                                          Non-­‐interest  bearing  loans  and  borrowings 12 806,327                                           1,237,244                                  

TOTAL  NON-­‐CURRENT  LIABILITIES 995,637                                         1,393,124                                  

TOTAL  LIABILITIES 5,174,245                                   5,166,836                                  

NET  LIABILITIES (2,584,289)                                 (1,982,088)                                

MEMBERS'  FUNDSAccumulated  deficit 13 (2,584,289)                                 (1,982,088)                                

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

The  above  Consolidated  Statement  of  Financial  Position  should  be  read  inconjunction  with  the  accompanying  notes.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  FINANCIAL  POSITION

AT  31  DECEMBER  2014

Page 48: RugbyWA Annual Report 2014

48 RUGBYWA 2014 ANNUAL REPORT

Note

CASH  FLOWS  FROM  OPERATING  ACTIVITIES

Receipts  from  members  and  sponsorsOperating  grants  receivedPayments  to  suppliers  and  employeesInterest  receivedGST  paid

Net  cash  used  in  operating  activities 14

CASH  FLOWS  FROM  INVESTING  ACTIVITIES

Purchase  of  property,  plant  and  equipmentSales  of  property,  plant  and  equipment

Net  cash  used  in  investing  activities

CASH  FLOWS  FROM  FINANCING  ACTIVITIES

Loan  repaymentsRepayment  of  leases

Net  cash  used  in  financing  activities

Net  decrease  in  cash  and  cash  equivalents

Cash  and  cash  equivalents  at  beginning  of  period

Cash  and  cash  equivalents  at  end  of  period 4

The  above  Consolidated  Statement  of  Cashflows  should  be  read  in  conjunction  with  theaccompanying  notes.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  CASHFLOWS

YEAR  ENDED  31  DECEMBER  2014

2014 2013$

10,825,670                                   13,505,845                                  4,997,370                                       4,280,000                                      

(15,836,710)                                 (18,167,363)                                25,108                                                   60,663                                                  

(890,109)                                           (853,445)                                          

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

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

(160,129)                                           197,115                                              

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

(320,000)                                           (285,309)                                          

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

1,952,253                                       3,214,747                                      

593,453                                               1,952,253                                      

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  CASHFLOWS

YEAR  ENDED  31  DECEMBER  2014

Note

CASH  FLOWS  FROM  OPERATING  ACTIVITIES

Receipts  from  members  and  sponsorsOperating  grants  receivedPayments  to  suppliers  and  employeesInterest  receivedGST  paid

Net  cash  used  in  operating  activities 14

CASH  FLOWS  FROM  INVESTING  ACTIVITIES

Purchase  of  property,  plant  and  equipmentSales  of  property,  plant  and  equipment

Net  cash  used  in  investing  activities

CASH  FLOWS  FROM  FINANCING  ACTIVITIES

Loan  repaymentsRepayment  of  leases

Net  cash  used  in  financing  activities

Net  decrease  in  cash  and  cash  equivalents

Cash  and  cash  equivalents  at  beginning  of  period

Cash  and  cash  equivalents  at  end  of  period 4

The  above  Consolidated  Statement  of  Cashflows  should  be  read  in  conjunction  with  theaccompanying  notes.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  CASHFLOWS

YEAR  ENDED  31  DECEMBER  2014

Page 49: RugbyWA Annual Report 2014

49RUGBYWA 2014 ANNUAL REPORT

Members  Funds Total

At  1  January  2014 (1,982,088)                             (1,982,088)                            Deficit  for  the  period (602,201)                                     (602,201)                                    Other  comprehensive  income -­‐                                                         -­‐                                                        At  31  December  2014 (2,584,289)                             (2,584,289)                            

At  1  January  2013 (821,598)                                     (821,598)                                    Deficit  for  the  period (1,160,490)                             (1,160,490)                            Other  comprehensive  income -­‐                                                         -­‐                                                        At  31  December  2013 (1,982,088)                             (1,982,088)                            

The  above  Consolidated  Statement  of  Changes  in  Equity  should  be  read  in  conjunction  with  theaccompanying  notes.

YEAR  ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  CHANGES  IN  EQUITY

Members  Funds Total

At  1  January  2014 (1,982,088)                             (1,982,088)                            Deficit  for  the  period (602,201)                                     (602,201)                                    Other  comprehensive  income -­‐                                                         -­‐                                                        At  31  December  2014 (2,584,289)                             (2,584,289)                            

At  1  January  2013 (821,598)                                     (821,598)                                    Deficit  for  the  period (1,160,490)                             (1,160,490)                            Other  comprehensive  income -­‐                                                         -­‐                                                        At  31  December  2013 (1,982,088)                             (1,982,088)                            

The  above  Consolidated  Statement  of  Changes  in  Equity  should  be  read  in  conjunction  with  theaccompanying  notes.

YEAR  ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  CHANGES  IN  EQUITY

Members  Funds Total

At  1  January  2014 (1,982,088)                             (1,982,088)                            Deficit  for  the  period (602,201)                                     (602,201)                                    Other  comprehensive  income -­‐                                                         -­‐                                                        At  31  December  2014 (2,584,289)                             (2,584,289)                            

At  1  January  2013 (821,598)                                     (821,598)                                    Deficit  for  the  period (1,160,490)                             (1,160,490)                            Other  comprehensive  income -­‐                                                         -­‐                                                        At  31  December  2013 (1,982,088)                             (1,982,088)                            

The  above  Consolidated  Statement  of  Changes  in  Equity  should  be  read  in  conjunction  with  theaccompanying  notes.

YEAR  ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  CHANGES  IN  EQUITY

Members  Funds Total

At  1  January  2014 (1,982,088)                             (1,982,088)                            Deficit  for  the  period (602,201)                                     (602,201)                                    Other  comprehensive  income -­‐                                                         -­‐                                                        At  31  December  2014 (2,584,289)                             (2,584,289)                            

At  1  January  2013 (821,598)                                     (821,598)                                    Deficit  for  the  period (1,160,490)                             (1,160,490)                            Other  comprehensive  income -­‐                                                         -­‐                                                        At  31  December  2013 (1,982,088)                             (1,982,088)                            

The  above  Consolidated  Statement  of  Changes  in  Equity  should  be  read  in  conjunction  with  theaccompanying  notes.

YEAR  ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)CONSOLIDATED  STATEMENT  OF  CHANGES  IN  EQUITY

Page 50: RugbyWA Annual Report 2014

50 RUGBYWA 2014 ANNUAL REPORT

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

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51RUGBYWA 2014 ANNUAL REPORT

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

►        AASB  3  -­‐  Clarifies  the  classification  requirements  for  contingent  consideration  in  a  business  combination  by  removing  all  references  to  AASB  137.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

The  Association  has  considered  that  there  is  no  material  impact  on  the  consolidated  financial  report  with  regards  to  the  adoption  of  the  newand  amended  Australian  Accounting  Standards  and  AASB  Intrepretations.

New  and  amended  applicable  Australian  Accounting  Standards  and  Interpretations  that  have  recently  been  issued  oramended  but  are  not  yet  effective  have  not  been  adopted  by  the  association  for  the  annual  reporting  periodended  31  December  2014  and  are  outlined  in  the  table  below.

The  Association  has  not  yet  completed  its  assessment  of  the  standards  noted  but  for  new  and  amended  Australian  Accounting  Standards  andInterpretations  effective  1  January  2015  it  is  expected  there  will  be  no  significant  impact  on  the  Association.

Reference TitleApplication  date  

of  standardApplication  date  for  

Association

AASB  2014-­‐1  Part  A-­‐Annual  Improvements  2010-­‐2012  Cycle

Amendments  to  Australian  Accounting  Standards    -­‐  Part  A  Annual  Improvements  to  IFRSs  2010-­‐2012  Cycle

1-­‐Jul-­‐14 1-­‐Jan-­‐15

d.                Where  the  fair  value  option  is  used  for  financial  liabilities  the  change  in  fair  value  is  to  be  accounted  for  as  follows:

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

AASB  9  includes  requirements  for  a  simpler  approach  for  classification  and  measurement  of  financial  assets  compared  with  the  requirements  of  AASB  139.The  main  changes  are  described  below.a.                Financial  assets  that  are  debt  instruments  will  be  classified  based  on  (1)  the  objective  of  the  entity's  business  model  for  managing  the  financial  assets;  (2)  the  characteristics  of  the  contractual  cash  flows.

b.                Allows  an  irrevocable  election  on  initial  recognition  to  present  gains  and  losses  on  investments  in  equity  instruments  that  are  not  held  for  trading  in  other  comprehensive  income.  Dividends  in  respect  of  these  investments  that  are  a  return  on  investment  can  be  recognised  in  profit  or  loss  and  there  is  no  impairment  or  recycling  on  disposal  of  the  instrument.

c.                Financial  assets  can  be  designated  and  measured  at  fair  value  through  profit  or  loss  at  initial  recognition  if  doing  so  eliminates  or  significantly  reduces  a  measurement  or  recognition  inconsistency  that  would  arise  from  measuring  assets  or  liabilities,  or  recognising  the  gains  and  losses  on  them,  on  different  bases.

SummaryAASB  9  (December  2014)  is  a  new  Principal  standard  which  replaces  AASB  139.  This  new  Principal  version  supersedes  AASB  9  issued  in  December  2009  (as  amended)  and  AASB  9  (issued  in  December  2010)    and  includes  a    model  for  classification  and  measurement,  a  single,  forward-­‐looking  ‘expected  loss’  impairment  model  and  a  substantially-­‐reformed  approach  to  hedge  accounting.

AASB  9  is  effective  for  annual  periods  beginning  on  or  after  1  January  2018.  However,  the  Standard  is  available  for  early  application.  The  own  credit  changes  can  be  early  applied  in  isolation  without  otherwise  changing  the  accounting  for  financial  instruments.

The  final  version  of  AASB  9  introduces  a  new  expected-­‐loss  impairment  model  that  will  require  more  timely  recognition  of  expected  credit  losses.  Specifically,  the  new  Standard  requires  entities  to  account  for  expected  credit  losses  from  when  financial  instruments  are  first  recognised  and  to  recognise  full  lifetime  expected  losses  on  a  more  timely  basis.

Amendments  to    AASB  9  (December  2009  &  2010  editions  )(AASB  2013-­‐9)    issued  in  December  2013    included  the  new  hedge  accounting  requirements,  including  changes  to  hedge  effectiveness  testing,  treatment  of  hedging  costs,  risk  components  that  can  be  hedged  and  disclosures.

AASB  2014-­‐8  limits  the  application  of  the  existing  versions  of  AASB  9  (AASB  9  (December  2009)  and  AASB  9  (December  2010))  from  1  February  2015  and  applies  to  annual  reporting  periods  beginning  on  after  1  January  2015.

AASB  2014-­‐1  Part  A:  This  standard  sets  out  amendments  to  Australian  Accounting  Standards  arising  from  the  issuance  by  the  International  Accounting  Standards  Board  (IASB)  of  International  Financial  Reporting  Standards  (IFRSs)  Annual  Improvements  to  IFRSs  2010–2012  Cycle  and  Annual  Improvements  to  IFRSs  2011–2013  Cycle.

Annual  Improvements  to  IFRSs  2010–2012  Cycle    addresses  the  following  items:►        AASB  2  -­‐  Clarifies  the  definition  of  'vesting  conditions'  and  'market  condition'  and  introduces  the  definition  of  'performance  condition'  and  'service  condition'.

AASB  9 1-­‐Jan-­‐181-­‐Jan-­‐18

►            The  remaining  change  is  presented  in  profit  or  loss

AASB  9  also  removes  the  volatility  in  profit  or  loss  that  was  caused  by  changes  in  the  credit  risk  of  liabilities  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

Consequential  amendments  were  also  made  to  other  standards  as  a  result  of  AASB  9,  introduced  by  AASB  2009-­‐11  and  superseded  by  AASB  2010-­‐7,  AASB  2010-­‐10  and  AASB  2014-­‐1  –  Part  E.

Financial  Instruments

AASB  2014-­‐7  incorporates  the  consequential  amendments  arising  from  the  issuance  of  AASB  9  in  Dec  2014.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

The  Association  has  considered  that  there  is  no  material  impact  on  the  consolidated  financial  report  with  regards  to  the  adoption  of  the  newand  amended  Australian  Accounting  Standards  and  AASB  Intrepretations.

New  and  amended  applicable  Australian  Accounting  Standards  and  Interpretations  that  have  recently  been  issued  oramended  but  are  not  yet  effective  have  not  been  adopted  by  the  association  for  the  annual  reporting  periodended  31  December  2014  and  are  outlined  in  the  table  below.

The  Association  has  not  yet  completed  its  assessment  of  the  standards  noted  but  for  new  and  amended  Australian  Accounting  Standards  andInterpretations  effective  1  January  2015  it  is  expected  there  will  be  no  significant  impact  on  the  Association.

Reference TitleApplication  date  

of  standardApplication  date  for  

Association

AASB  2014-­‐1  Part  A-­‐Annual  Improvements  2010-­‐2012  Cycle

Amendments  to  Australian  Accounting  Standards    -­‐  Part  A  Annual  Improvements  to  IFRSs  2010-­‐2012  Cycle

1-­‐Jul-­‐14 1-­‐Jan-­‐15

d.                Where  the  fair  value  option  is  used  for  financial  liabilities  the  change  in  fair  value  is  to  be  accounted  for  as  follows:

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

AASB  9  includes  requirements  for  a  simpler  approach  for  classification  and  measurement  of  financial  assets  compared  with  the  requirements  of  AASB  139.The  main  changes  are  described  below.a.                Financial  assets  that  are  debt  instruments  will  be  classified  based  on  (1)  the  objective  of  the  entity's  business  model  for  managing  the  financial  assets;  (2)  the  characteristics  of  the  contractual  cash  flows.

b.                Allows  an  irrevocable  election  on  initial  recognition  to  present  gains  and  losses  on  investments  in  equity  instruments  that  are  not  held  for  trading  in  other  comprehensive  income.  Dividends  in  respect  of  these  investments  that  are  a  return  on  investment  can  be  recognised  in  profit  or  loss  and  there  is  no  impairment  or  recycling  on  disposal  of  the  instrument.

c.                Financial  assets  can  be  designated  and  measured  at  fair  value  through  profit  or  loss  at  initial  recognition  if  doing  so  eliminates  or  significantly  reduces  a  measurement  or  recognition  inconsistency  that  would  arise  from  measuring  assets  or  liabilities,  or  recognising  the  gains  and  losses  on  them,  on  different  bases.

SummaryAASB  9  (December  2014)  is  a  new  Principal  standard  which  replaces  AASB  139.  This  new  Principal  version  supersedes  AASB  9  issued  in  December  2009  (as  amended)  and  AASB  9  (issued  in  December  2010)    and  includes  a    model  for  classification  and  measurement,  a  single,  forward-­‐looking  ‘expected  loss’  impairment  model  and  a  substantially-­‐reformed  approach  to  hedge  accounting.

AASB  9  is  effective  for  annual  periods  beginning  on  or  after  1  January  2018.  However,  the  Standard  is  available  for  early  application.  The  own  credit  changes  can  be  early  applied  in  isolation  without  otherwise  changing  the  accounting  for  financial  instruments.

The  final  version  of  AASB  9  introduces  a  new  expected-­‐loss  impairment  model  that  will  require  more  timely  recognition  of  expected  credit  losses.  Specifically,  the  new  Standard  requires  entities  to  account  for  expected  credit  losses  from  when  financial  instruments  are  first  recognised  and  to  recognise  full  lifetime  expected  losses  on  a  more  timely  basis.

Amendments  to    AASB  9  (December  2009  &  2010  editions  )(AASB  2013-­‐9)    issued  in  December  2013    included  the  new  hedge  accounting  requirements,  including  changes  to  hedge  effectiveness  testing,  treatment  of  hedging  costs,  risk  components  that  can  be  hedged  and  disclosures.

AASB  2014-­‐8  limits  the  application  of  the  existing  versions  of  AASB  9  (AASB  9  (December  2009)  and  AASB  9  (December  2010))  from  1  February  2015  and  applies  to  annual  reporting  periods  beginning  on  after  1  January  2015.

AASB  2014-­‐1  Part  A:  This  standard  sets  out  amendments  to  Australian  Accounting  Standards  arising  from  the  issuance  by  the  International  Accounting  Standards  Board  (IASB)  of  International  Financial  Reporting  Standards  (IFRSs)  Annual  Improvements  to  IFRSs  2010–2012  Cycle  and  Annual  Improvements  to  IFRSs  2011–2013  Cycle.

Annual  Improvements  to  IFRSs  2010–2012  Cycle    addresses  the  following  items:►        AASB  2  -­‐  Clarifies  the  definition  of  'vesting  conditions'  and  'market  condition'  and  introduces  the  definition  of  'performance  condition'  and  'service  condition'.

AASB  9 1-­‐Jan-­‐181-­‐Jan-­‐18

►            The  remaining  change  is  presented  in  profit  or  loss

AASB  9  also  removes  the  volatility  in  profit  or  loss  that  was  caused  by  changes  in  the  credit  risk  of  liabilities  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

Consequential  amendments  were  also  made  to  other  standards  as  a  result  of  AASB  9,  introduced  by  AASB  2009-­‐11  and  superseded  by  AASB  2010-­‐7,  AASB  2010-­‐10  and  AASB  2014-­‐1  –  Part  E.

Financial  Instruments

AASB  2014-­‐7  incorporates  the  consequential  amendments  arising  from  the  issuance  of  AASB  9  in  Dec  2014.

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

Page 52: RugbyWA Annual Report 2014

52 RUGBYWA 2014 ANNUAL REPORT

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

•      clarify  certain  circumstances  in  which  an  entity  applying  Tier  2  reporting  requirements  can  apply  the  AASB  108  option  in  AASB  1;  permit  an  entity  applying  Tier  2  reporting  requirements  for  the  first  time  to  do  so  directly  using  the  requirements  in  AASB  108  (rather  that  applying  AASB  1)  when,  and  only  when,  the  entity  had  not  applied,  or  only  selectively  applied,  applicable  recognition  and  measurement  requirements  in  its  most  recent  previous  annual  special  purpose  financial  statements;  and

•      specify  certain  disclosure  requirements  when  an  entity  resumes  the  application  of  Tier  2  reporting  requirements.

Amendments  to  AASB  1053  -­‐  Transition  to  and  between  Tiers,  and  related  Tier  2  Disclosure  Requirements  [AASB  1053]

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

•      clarify  certain  circumstances  in  which  an  entity  applying  Tier  2  reporting  requirements  can  apply  the  AASB  108  option  in  AASB  1;  permit  an  entity  applying  Tier  2  reporting  requirements  for  the  first  time  to  do  so  directly  using  the  requirements  in  AASB  108  (rather  that  applying  AASB  1)  when,  and  only  when,  the  entity  had  not  applied,  or  only  selectively  applied,  applicable  recognition  and  measurement  requirements  in  its  most  recent  previous  annual  special  purpose  financial  statements;  and

•      specify  certain  disclosure  requirements  when  an  entity  resumes  the  application  of  Tier  2  reporting  requirements.

Amendments  to  AASB  1053  -­‐  Transition  to  and  between  Tiers,  and  related  Tier  2  Disclosure  Requirements  [AASB  1053]

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

Reference TitleApplication  date  

of  standardApplication  date  for  

AssociationAASB  2014-­‐1  Part  A-­‐Annual  Improvements  2010-­‐2012  Cycle

Amendments  to  Australian  Accounting  Standards    -­‐  Part  A  Annual  Improvements  to  IFRSs  2010-­‐2012  Cycle

1-­‐Jul-­‐14 1-­‐Jan-­‐15

AASB  2014-­‐1   Amendments  to  Australian  Accounting  Standards    -­‐  Part  B

1-­‐Jul-­‐14 1-­‐Jan-­‐15

Part  B  Amendments  to  AASB  119

Defined  Benefit  Plans:  Employee  Contributions  (Amendments  to  AASB  119)

AASB  2014-­‐2   1-­‐Jul-­‐14 1-­‐Jan-­‐15

Summary

•      clarify  that  AASB  1053  relates  only  to  general  purpose  financial  statements;•      make  AASB  1053  consistent  with  the  availability  of  the  AASB  108  Accounting  Policies,  Changes  in  Accounting  Estimates  and  Errors  option  in  AASB  1  First-­‐time  Adoption  of  Australian  Accounting  Standards;

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

(e)  Step  5:  Recognise  revenue  when  (or  as)  the  entity  satisfies  a  performance  obligation

Early  application  of  this  standard  is  permitted.AASB  2014-­‐5  incorporates  the  consequential  amendments  to  a  number  Australian  Accounting  Standards  (including  Interpretations)  arising  from  the  issuance  of  AASB  15.

The  Standard  makes  amendments  to  AASB  1053  Application  of  Tiers  of  Australian  Accounting  Standards  to:

Programmes,  IFRIC  15  Agreements  for  the  Construction  of  Real  Estate,  IFRIC  18  Transfers  of  Assets  from  Customers  and    SIC-­‐31  Revenue—Barter  Transactions  Involving  Advertising  Services).  

The  core  principle  of  IFRS  15  is  that  an  entity  recognises  revenue  to  depict  the  transfer  of  promised  goods  or  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:

(a)  Step  1:  Identify  the  contract(s)  with  a  customer(b)  Step  2:  Identify  the  performance  obligations  in  the  contract

(c)  Step  3:  Determine  the  transaction  price

The  IASB  has  clarified  that  the  use  of  revenue-­‐based  methods  to  calculate  the  depreciation  of  an  asset  is  not  appropriate  because  revenue  generated  by  an  activity  that  includes  the  use  of  an  asset  generally  reflects  factors  other  than  the  consumption  of  the  economic  benefits  embodied  in  the  asset.

The  amendment  also  clarified  that  revenue  is  generally  presumed  to  be  an  inappropriate  basis  for  measuring  the  consumption  of  the  economic  benefits  embodied  in  an  intangible  asset.  This  presumption,  however,  can  be  rebutted  in  certain  limited  circumstances.  

AASB  2014-­‐Part  B  makes  amendments  in  relation  to  the  requirements  for  contributions  from  employees  or  third  parties  that  are  set  out  in  the  formal  terms  of  the  benefit  plan  and  linked  to  service.

The  amendments  clarify  that  if  the  amount  of  the  contributions  is  independent  of  the  number  of  years  of  service,  an  entity  is  permitted  to  recognise  such  contributions  as  a  reduction  in  the  service  cost  in  the  period  in  which  the  related  service  is  rendered,  instead  of  attributing  the  contributions  to  the  periods  of  service

In  May  2014,  the  IASB  issued  IFRS  15  Revenue  from  Contracts  with  Customers,  which  replaces  IAS  11  Construction  Contracts,  IAS  18  Revenue  and  related  Interpretations  (IFRIC  13  Customer  Loyalty  

►        AASB  8  -­‐  Requires  entities  to  disclose  factors  used  to  identify  the  entity's  reportable  segments  when  operating  segments  have  been  aggregated.    An  entity  is  also  required  to  provide  a  reconciliation  of  total  reportable  segments'  asset  to  the  entity's  total  assets.    

►        AASB  116  &  AASB  138  -­‐  Clarifies  that  the  determination  of  accumulated  depreciation  does  not  depend  on  the  selection  of  the  valuation  technique  and  that  it  is  calculated  as  the  difference  between  the  gross  and  net  carrying  amounts.

1-­‐Jan-­‐17 1-­‐Jan-­‐17

1-­‐Jan-­‐16 1-­‐Jan-­‐16AASB  116  and  AASB  138  both  establish  the  principle  for  the  basis  of  depreciation  and  amortisation  as  being  the  expected  pattern  of  consumption  of  the  future  economic  benefits  of  an  asset.  

Amendments  to  AASB  1053  -­‐  Transition  to  and  between  Tiers,  and  related  Tier  2  Disclosure  Requirements  [AASB  1053]

AASB  15 Revenue  from  Contracts  with  Customers

AASB  2014-­‐4 Clarification  of  Acceptable  Methods  of  Depreciation  and  Amortisation  (Amendments  to  AASB  116  and  AASB  138)

1-­‐Jan-­‐151-­‐Jul-­‐14AASB  2014-­‐1  Part  A-­‐Annual  Improvements  2010-­‐2012  Cycle

Amendments  to  Australian  Accounting  Standards    -­‐  Part  A  Annual  Improvements  to  IFRSs  2011-­‐2013  Cycle

►  AASB  124  -­‐  Defines  a  management  entity  providing  KMP  services  as  a  related  party  of  the  reporting  entity.  The  amendments  added  an  exemption  from  the  detailed  disclosure  requirements  in  paragraph  17  of  AASB  124  for  KMP  services  provided  by  a  management  entity.  Payments  made  to  a  management  entity  in  respect  of  KMP  services  should  be  separately  disclosed.  

Annual  Improvements  to  IFRSs  2011–2013  Cycle    addresses  the  following  items:                                                                                                        ►  AASB13  -­‐  Clarifies  that  the  portfolio  exception  in  paragraph  52  of  AASB  13  applies  to  all  contracts  within  the  scope  of  AASB  139  or  AASB  9,  regardless  of  whether  they  meet  the  definitions  of  financial  assets  or  financial  liabilities  as  defined  in  AASB  132.

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

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

Page 53: RugbyWA Annual Report 2014

53RUGBYWA 2014 ANNUAL REPORT

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

Reference TitleApplication  date  

of  standardApplication  date  for  

AssociationDisclosure  Initiative  *****

Amendments  to  IAS  1 1-­‐Jan-­‐16 1-­‐Jan-­‐16

Investment  Entities  Applying  the  Conslidation  Exception  *****

Amendments  to  IFRS  10,  IFRS  12  and  IAS  28

1-­‐Jan-­‐16 1-­‐Jan-­‐16

(c) Consolidation  policy

The  consolidated  financial  statements  comprise  the  financial  statements  of  the  Association  and  its  subsidiary  as  at  31  December  2014.    Control  is  achievedwhen  the  Association  is  exposed,  or  has  rights,  to  variable  returns  from  its  involvement  with  the  investee  and  has  the  ability  to  affect  those  returns  throughits  power  over  the  investee.  Specifically,  the  Association  controls  an  investee  if  and  only  if  the  Assoication  has:·∙                  Power  over  the  investee  (i.e.  existing  rights  that  give  it  the  current  ability  to  direct  the  relevant·∙                  activities  of  the  investee)·∙                  Exposure,  or  rights,  to  variable  returns  from  its  involvement  with  the  investee,  and·∙                  The  ability  to  use  its  power  over  the  investee  to  affect  its  returns

When  the  Association  has  less  than  a  majority  of  the  voting  or  similar  rights  of  an  investee,  the  Association  considers  all  relevant  facts  and  circumstances  in  assessing  whether  it  has  power  over  an  investee,  including:·∙                    The  contractual  arrangement  with  the  other  vote  holders  of  the  investee·∙                    Rights  arising  from  other  contractual  arrangements·∙                    The  Association’s  voting  rights  and  potential  voting  rights

The  Association  re-­‐assesses  whether  or  not  it  controls  an  investee  if  facts  and  circumstances  indicate  that  there  are  changes  to  one  or  more  of  the  threeelements  of  control.  Consolidation  of  a  subsidiary  begins  when  the  Association  obtains  control  over  the  subsidiary  and  ceases  when  the  Association  loses  control  of  the  subsidiary.  Assets,  liabilities,  income  and  expenses  of  a  subsidiary  acquired  or  disposed  of  during  the  year  are  included  in  the  statement  ofcomprehensive  income  from  the  date  the  Association  gains  control  until  the  date  the  Association  ceases  to  control  the  subsidiary.

All  intra-­‐group  assets  and  liabilities,  equity,  income,  expenses  and  cash  flows  relating  to  transactions  between  members  of  the  Association  are  eliminated  in  full  on  consolidation.

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  assumptionsIn  the  process  of  applying  the  Associaitons  accounting  policies,  management  has  made  the  following  judgements,    except  for  those  involving  estimates,  whichhave  the  most  significant  effect  on  the  amounts  recognised  in  the  financial  statements.

Going  concernUse  of  the  going  concern  assumption  has  required  significant  judgement,  refer  to  note  1  (a)  Cash  Management

Significant  accounting  estimates  and  assumptionsThe  carrying  amount  of  certain  assets  and  liabilities  are  often  determined  based  on  estimates  and  assumptions  of  future  events.  The  key  estimates  and  assumptions  that  have  a  significant  risk  of  causing  a  material  adjustment  to  the  carrying  amounts  of  certain  assets  and  liabilities  within  the  next  annualreporting  period  are;

Impairment  of  property,  plant  and  equipmentThe  Association  determines  whether  property,  plant  and  equipment  are  impaired  at  least  on  an  annual  basis.    This  requires  an  estimation  of  the  recoverable  amount  to  which  the  property,  plant  and  equipment  are  allocated.

Estimation  of  useful  livesThe  estimation  of  the  useful  lives  of  assets  has  been  based  on  historical  experience  as  well  as  manufacturers  warranties  (for  plant  and  equipment),  leaseterms  (for  leased  equipment)  and  turnover  policies  (for  motor  vehicles).  In  addition,  the  condition  of  the  assets  is  assessed  at  least  once  a  year  and  considered  against  the  remaining  useful  life.  Adjustments  to  useful  lives  are  made  when  considered  necessary.

Annual  leaveLiabilities  for  annual  leave  expected  to  be  settled  within  twelve  months  of  the  reporting  date  are  recognised  in  provisions  in  respect  of  employees'  servicesup  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

Long  service  leaveA  liability  for  long  service  leave  is  recognised,  and  is  measured  as  the  present  value  of  expected  future  payments  to  be  made  in  respect  of  services  provided  by  employees  up  to  the  reporting  date.    Consideration  is  given  to  expected  future  wages  and  salary  levles,  experience  of  employee  departures  and  periods  ofservice.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  on  mational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

The  amendment  addresses  the  key  issues  that  have  arisen  in  the  context  of  applying  the  consolidation  exception  for  investment  entities

SummaryAs  part  of  the  IASB’s  Disclosure  Initiative  projects,  the  IASB  issued  Amendments  to  IAS  1  in  December  2014.  The  amendments  are  designed  to  further  encourage  companies  to  apply  professional  judgment  in  determining  what  information  to  disclose  in  the  financial  statements.    For  example,  the  amendments  make  clear  that  materiality  applies  to  the  whole  of  financial  statements  and  that  the  inclusion  of  immaterial  information  can  inhibit  the  usefulness  of  financial  disclosures.    The  amendments  also  clarify  that  companies  should  use  professional  judgment  in  determining  where  and  in  what  order  information  is  presented  in  the  financial  disclosures.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

Reference TitleApplication  date  

of  standardApplication  date  for  

AssociationDisclosure  Initiative  *****

Amendments  to  IAS  1 1-­‐Jan-­‐16 1-­‐Jan-­‐16

Investment  Entities  Applying  the  Conslidation  Exception  *****

Amendments  to  IFRS  10,  IFRS  12  and  IAS  28

1-­‐Jan-­‐16 1-­‐Jan-­‐16

(c) Consolidation  policy

The  consolidated  financial  statements  comprise  the  financial  statements  of  the  Association  and  its  subsidiary  as  at  31  December  2014.    Control  is  achievedwhen  the  Association  is  exposed,  or  has  rights,  to  variable  returns  from  its  involvement  with  the  investee  and  has  the  ability  to  affect  those  returns  throughits  power  over  the  investee.  Specifically,  the  Association  controls  an  investee  if  and  only  if  the  Assoication  has:·∙                  Power  over  the  investee  (i.e.  existing  rights  that  give  it  the  current  ability  to  direct  the  relevant·∙                  activities  of  the  investee)·∙                  Exposure,  or  rights,  to  variable  returns  from  its  involvement  with  the  investee,  and·∙                  The  ability  to  use  its  power  over  the  investee  to  affect  its  returns

When  the  Association  has  less  than  a  majority  of  the  voting  or  similar  rights  of  an  investee,  the  Association  considers  all  relevant  facts  and  circumstances  in  assessing  whether  it  has  power  over  an  investee,  including:·∙                    The  contractual  arrangement  with  the  other  vote  holders  of  the  investee·∙                    Rights  arising  from  other  contractual  arrangements·∙                    The  Association’s  voting  rights  and  potential  voting  rights

The  Association  re-­‐assesses  whether  or  not  it  controls  an  investee  if  facts  and  circumstances  indicate  that  there  are  changes  to  one  or  more  of  the  threeelements  of  control.  Consolidation  of  a  subsidiary  begins  when  the  Association  obtains  control  over  the  subsidiary  and  ceases  when  the  Association  loses  control  of  the  subsidiary.  Assets,  liabilities,  income  and  expenses  of  a  subsidiary  acquired  or  disposed  of  during  the  year  are  included  in  the  statement  ofcomprehensive  income  from  the  date  the  Association  gains  control  until  the  date  the  Association  ceases  to  control  the  subsidiary.

All  intra-­‐group  assets  and  liabilities,  equity,  income,  expenses  and  cash  flows  relating  to  transactions  between  members  of  the  Association  are  eliminated  in  full  on  consolidation.

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  assumptionsIn  the  process  of  applying  the  Associaitons  accounting  policies,  management  has  made  the  following  judgements,    except  for  those  involving  estimates,  whichhave  the  most  significant  effect  on  the  amounts  recognised  in  the  financial  statements.

Going  concernUse  of  the  going  concern  assumption  has  required  significant  judgement,  refer  to  note  1  (a)  Cash  Management

Significant  accounting  estimates  and  assumptionsThe  carrying  amount  of  certain  assets  and  liabilities  are  often  determined  based  on  estimates  and  assumptions  of  future  events.  The  key  estimates  and  assumptions  that  have  a  significant  risk  of  causing  a  material  adjustment  to  the  carrying  amounts  of  certain  assets  and  liabilities  within  the  next  annualreporting  period  are;

Impairment  of  property,  plant  and  equipmentThe  Association  determines  whether  property,  plant  and  equipment  are  impaired  at  least  on  an  annual  basis.    This  requires  an  estimation  of  the  recoverable  amount  to  which  the  property,  plant  and  equipment  are  allocated.

Estimation  of  useful  livesThe  estimation  of  the  useful  lives  of  assets  has  been  based  on  historical  experience  as  well  as  manufacturers  warranties  (for  plant  and  equipment),  leaseterms  (for  leased  equipment)  and  turnover  policies  (for  motor  vehicles).  In  addition,  the  condition  of  the  assets  is  assessed  at  least  once  a  year  and  considered  against  the  remaining  useful  life.  Adjustments  to  useful  lives  are  made  when  considered  necessary.

Annual  leaveLiabilities  for  annual  leave  expected  to  be  settled  within  twelve  months  of  the  reporting  date  are  recognised  in  provisions  in  respect  of  employees'  servicesup  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

Long  service  leaveA  liability  for  long  service  leave  is  recognised,  and  is  measured  as  the  present  value  of  expected  future  payments  to  be  made  in  respect  of  services  provided  by  employees  up  to  the  reporting  date.    Consideration  is  given  to  expected  future  wages  and  salary  levles,  experience  of  employee  departures  and  periods  ofservice.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  on  mational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

The  amendment  addresses  the  key  issues  that  have  arisen  in  the  context  of  applying  the  consolidation  exception  for  investment  entities

SummaryAs  part  of  the  IASB’s  Disclosure  Initiative  projects,  the  IASB  issued  Amendments  to  IAS  1  in  December  2014.  The  amendments  are  designed  to  further  encourage  companies  to  apply  professional  judgment  in  determining  what  information  to  disclose  in  the  financial  statements.    For  example,  the  amendments  make  clear  that  materiality  applies  to  the  whole  of  financial  statements  and  that  the  inclusion  of  immaterial  information  can  inhibit  the  usefulness  of  financial  disclosures.    The  amendments  also  clarify  that  companies  should  use  professional  judgment  in  determining  where  and  in  what  order  information  is  presented  in  the  financial  disclosures.

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

Reference TitleApplication  date  

of  standardApplication  date  for  

AssociationDisclosure  Initiative  *****

Amendments  to  IAS  1 1-­‐Jan-­‐16 1-­‐Jan-­‐16

Investment  Entities  Applying  the  Conslidation  Exception  *****

Amendments  to  IFRS  10,  IFRS  12  and  IAS  28

1-­‐Jan-­‐16 1-­‐Jan-­‐16

(c) Consolidation  policy

The  consolidated  financial  statements  comprise  the  financial  statements  of  the  Association  and  its  subsidiary  as  at  31  December  2014.    Control  is  achievedwhen  the  Association  is  exposed,  or  has  rights,  to  variable  returns  from  its  involvement  with  the  investee  and  has  the  ability  to  affect  those  returns  throughits  power  over  the  investee.  Specifically,  the  Association  controls  an  investee  if  and  only  if  the  Assoication  has:·∙                  Power  over  the  investee  (i.e.  existing  rights  that  give  it  the  current  ability  to  direct  the  relevant·∙                  activities  of  the  investee)·∙                  Exposure,  or  rights,  to  variable  returns  from  its  involvement  with  the  investee,  and·∙                  The  ability  to  use  its  power  over  the  investee  to  affect  its  returns

When  the  Association  has  less  than  a  majority  of  the  voting  or  similar  rights  of  an  investee,  the  Association  considers  all  relevant  facts  and  circumstances  in  assessing  whether  it  has  power  over  an  investee,  including:·∙                    The  contractual  arrangement  with  the  other  vote  holders  of  the  investee·∙                    Rights  arising  from  other  contractual  arrangements·∙                    The  Association’s  voting  rights  and  potential  voting  rights

The  Association  re-­‐assesses  whether  or  not  it  controls  an  investee  if  facts  and  circumstances  indicate  that  there  are  changes  to  one  or  more  of  the  threeelements  of  control.  Consolidation  of  a  subsidiary  begins  when  the  Association  obtains  control  over  the  subsidiary  and  ceases  when  the  Association  loses  control  of  the  subsidiary.  Assets,  liabilities,  income  and  expenses  of  a  subsidiary  acquired  or  disposed  of  during  the  year  are  included  in  the  statement  ofcomprehensive  income  from  the  date  the  Association  gains  control  until  the  date  the  Association  ceases  to  control  the  subsidiary.

All  intra-­‐group  assets  and  liabilities,  equity,  income,  expenses  and  cash  flows  relating  to  transactions  between  members  of  the  Association  are  eliminated  in  full  on  consolidation.

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  assumptionsIn  the  process  of  applying  the  Associaitons  accounting  policies,  management  has  made  the  following  judgements,    except  for  those  involving  estimates,  whichhave  the  most  significant  effect  on  the  amounts  recognised  in  the  financial  statements.

Going  concernUse  of  the  going  concern  assumption  has  required  significant  judgement,  refer  to  note  1  (a)  Cash  Management

Significant  accounting  estimates  and  assumptionsThe  carrying  amount  of  certain  assets  and  liabilities  are  often  determined  based  on  estimates  and  assumptions  of  future  events.  The  key  estimates  and  assumptions  that  have  a  significant  risk  of  causing  a  material  adjustment  to  the  carrying  amounts  of  certain  assets  and  liabilities  within  the  next  annualreporting  period  are;

Impairment  of  property,  plant  and  equipmentThe  Association  determines  whether  property,  plant  and  equipment  are  impaired  at  least  on  an  annual  basis.    This  requires  an  estimation  of  the  recoverable  amount  to  which  the  property,  plant  and  equipment  are  allocated.

Estimation  of  useful  livesThe  estimation  of  the  useful  lives  of  assets  has  been  based  on  historical  experience  as  well  as  manufacturers  warranties  (for  plant  and  equipment),  leaseterms  (for  leased  equipment)  and  turnover  policies  (for  motor  vehicles).  In  addition,  the  condition  of  the  assets  is  assessed  at  least  once  a  year  and  considered  against  the  remaining  useful  life.  Adjustments  to  useful  lives  are  made  when  considered  necessary.

Annual  leaveLiabilities  for  annual  leave  expected  to  be  settled  within  twelve  months  of  the  reporting  date  are  recognised  in  provisions  in  respect  of  employees'  servicesup  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

Long  service  leaveA  liability  for  long  service  leave  is  recognised,  and  is  measured  as  the  present  value  of  expected  future  payments  to  be  made  in  respect  of  services  provided  by  employees  up  to  the  reporting  date.    Consideration  is  given  to  expected  future  wages  and  salary  levles,  experience  of  employee  departures  and  periods  ofservice.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  on  mational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

The  amendment  addresses  the  key  issues  that  have  arisen  in  the  context  of  applying  the  consolidation  exception  for  investment  entities

SummaryAs  part  of  the  IASB’s  Disclosure  Initiative  projects,  the  IASB  issued  Amendments  to  IAS  1  in  December  2014.  The  amendments  are  designed  to  further  encourage  companies  to  apply  professional  judgment  in  determining  what  information  to  disclose  in  the  financial  statements.    For  example,  the  amendments  make  clear  that  materiality  applies  to  the  whole  of  financial  statements  and  that  the  inclusion  of  immaterial  information  can  inhibit  the  usefulness  of  financial  disclosures.    The  amendments  also  clarify  that  companies  should  use  professional  judgment  in  determining  where  and  in  what  order  information  is  presented  in  the  financial  disclosures.

Page 54: RugbyWA Annual Report 2014

54 RUGBYWA 2014 ANNUAL REPORT

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(e) Revenue  RecognitionRevenue  is  recognised  to  the  extent  that  it  is  probable  that  the  economic  benefits  will  flow  to  the  Association  and  revenue  can  be  reliably  measured.    Thefollowing  specific  recognition  criteria  must  also  be  met  before  revenue  is  recognised.

Rendering  of  ServicesWhere  the  contract  outcomes  can  be  reliably  measured:  -­‐  control  of  a  right  to  be  compensated  for  the  services  has  been  attained  and  the  stage  of  completion  can  be  reliably  measured.    For  membership  subscription,      stage  of  completion  is  measured  by  reference  to  matches  played  and  costs  incurred.    For  sponsorship  revenue,  stage  of  completion  is  measured  by        reference  to  periods  fulfilled  as  a  percentage  of  total  sponsorship  periods.

Where  the  contract  cannot  be  reliably  measured:  -­‐  revenue  is  recognised  only  to  the  extent  that  costs  have  been  incurred.

InterestRevenue  is  recognised  as  interest  accrues  using  the  effective  interest  method.    This  is  a  method  of  calculating  the  amortised  cost  os  a  financial  asset  and  allocating  the  interest  income  over  the  relevant  period  using  effective  interest  rate,  which  is  the  rate  that  exactly  discounts  estimated  future  cash  receiptsthrough  the  expected  life  of  the  financial  asset  to  the  net  carrying  amount  of  the  financial  asset.

Sale  of  GoodsRevenue  is  recognised  when  the  significant  risks  and  rewards  of  ownership  of  the  goods  have  passed  to  the  buyer  and  the  costs  incurred  or  to  be  incurred  inrespect  of  the  transaction  can  be  measured  reliably.    Risks  and  rewards  of  ownership  are  considered  passed  to  the  buyer  at  the  time  of  delivery  of  the  goods  to  the  customer.

(f) GrantsGovernment  grants  are  recognised  when  there  is  reasonable  assumption  that  the  grant  will  be  received  and  all  conditions  will  be  complied  with.

Government  grants  that  relate  to  an  expense  are  recognised  as  income  over  the  periods  necessary  to  match  the  grant  on  a  systematic  basis  to  the  costs  that  it  is  intended  to  compensate.  Otherwise  the  grant  is  recognised  as  income  on  receipt.    When  the  grant  relates  to  an  asset  is  is  deducted  from  theasset  to  which  it  relates,  the  net  value  of  which  is  amortised  over  the  expected  useful  life.

(g) Cash  and  cash  equivalentsCash  and  short-­‐term  deposits  in  the  Consolidated  Statement  of  Financial  Position  comprise  cash  at  bank  and  in  hand  and  short  term  deposits  with  anoriginal  maturity  of  three  months  or  less,  that  are  readily  convertible  to  known  amounts  of  cash  and  which  are  subject  to  an  insignificant  risk  of  changes  in  value.

For  the  purpose  of  the  Consolidated  Statement  of  Cashflows,  cash  and  cash  equivalents  consist  of  cash  and  cash  equivalents  as  defined  above,  net  of  outstanding  bank  overdrafts.

(h) Trade  and  other  receivablesTrade  receivable  which  generally  have  30-­‐90  days  terms,  are  recognised  and  carried  at  original  invoice  amount  less  an  allowance  for  uncolletable  amounts.

Collectibility  of  trade  receivables  is  reviewed  on  an  ongoing  basis.    Individual  debts  that  are  known  to  be  collectable  are  written  off  when  identified.    AnAn  impairment  provision  is  recognised  when  there  is  objective  evidence  that  the  Association  will  not  be  able  to  collect  the  receivable.    Financial  difficultiesof  the  debtor,  default  payments  or  debts  more  than  60  days  overdue  are  considered  objective  evidence  of  impairment.    The  amount  of  the  impairment  lossis  the  receivable  carrying  amount  compared  to  the  present  value  of  estimated  future  cash  flows,  discounted  at  the  original  effective  interest  rate.

(i) Income  TaxThe  Association  is  a  body  in  accordance  with  s50-­‐45  of  the  Income  Tax  Assessments  Act  (1997)  which  exempts  sporting  clubs  from  income  tax.

(j) Other  taxesRevenue,  expenses  and  assets  are  recognised  net  of  the  amount  of  GST  except:

 -­‐ When  the  GST  incurred  on  a  purchase  of  goods  and  services  is  not  recoverable  from  the  taxation  authority,  in  which  case  the  GST  is  recognised  as  part  of  the  cost  of  acquisition  of  the  asset  or  as  part  of  the  expense  item  as  applicable;  and

 -­‐ Receivables  and  payables,  which  are  stated  with  the  amount  of  GST  included.The  net  amount  of  GST  recoverable  from,  or  payable  to,  the  taxation  authority  is  included  as  part  of  receivables  or  payables  in  the  Consolidated  Statementof  Financial  Position.

Cash  flows  are  included  in  the  Consolidated  Statement  of  Cashflows  on  a  gross  basis  and  the  GST  component  of  cash  flows  arising  from  investing  and  financing  activities,  which  is  recoverable  from,  or  payable  to,  the  taxation  authority,  are  classified  as  operating  cash  flows.

Commitments  and  contingencies  are  disclosed  net  of  the  amount  of  GST  recoverable  from,  or  payable  to  the  taxation  authority.

(k) Property,  Plant  and  EquipmentPlant  and  equipment  is  stated  at  cost  less  accumulated  depreciation  and  any  accumulated  impairment  losses.

Depreciation  is  calculated  on  a  straight-­‐line  basis  over  the  estimated  useful  life  of  the  specific  assets  as  follows:-­‐

2014 2013Furniture  and  fittings 2  to  10  years 2  to  10  yearsLeasehold  improvements the  lease  term the  lease  termMotor  vehicles 7  years 7  yearsPlant  and  equipment 2  to  15  years 2  to  15  yearsWebsite  infrastructure 3  years 3  years

The  assets'  residual  values,  useful  lives  and  amortisation  methods  are  reviewed  and  adjusted  if  appropriate,  at  each  financial  year  end.

Page 55: RugbyWA Annual Report 2014

55RUGBYWA 2014 ANNUAL REPORT

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(i) ImpairmentThe  carrying  values  of  property,  plant  and  equipment  are  reviewed  for  impairment  whenever  events  or  changes  in  circumstances  indicate  that  the  carryingamount  may  not  be  recoverable.    An  impairment  loss  is  recognised  for  the  amount  by  which  the  asset's  carrying  amount  exceeds  its  recoverable  amount.The  recoverable  amount  is  the  higher  of  an  asset's  fair  value  less  costs  to  sell  and  value  in  use.

(ii) Derecognition  and  disposalsAn  item  of  property,  plant  and  equipment  is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal.

Any  gain  or  loss  arising  on  derecognition  of  the  asset  (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset)is  included  in  profit  or  loss  in  the  year  the  asset  is  derecognised.

(l) Trade  and  Other  PayablesTrade  payables  and  other  payables  are  carried  at  amortized  cost  and  represent  liabilities  for  goods  and  services  provided  to  the  Association  prior  to  the  endof  the  financial  year  that  are  unpaid  and  arise  when  the  Association  becomes  obliged  to  make  future  payments  in  respect  of  the  purchase  of  these  goods  and  services.    The  amounts  are  unsecured  and  are  usually  paid  within  30  days  of  recognition.

(m) ProvisionsProvisions  are  recognised  when  the  Association  has  a  legal  or  constructive  obligation  to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  aresult  of  past  transactions  or  other  past  events,  it  is  probable  that  a  future  sacrifice  of  economic  benefit  will  be  required  and  a  reliable  estimate  can  be  madeof  the  amounts  of  the  obligations.

When  the  Association  expects  some  or  all  of  a  provision  to  be  reimbursed,  for  an  example  an  insurance  contract,  the  reimbursement  is  recognised  as  aseparate  asset  but  only  when  the  reimbursement  is  virtually  certain.    The  expense  relating  to  any  provision  is  presented  in  the  Consolidated  Statement  of  Comprehensive  Income  net  of  any  reimbursement.

If  the  effect  of  the  time  value  of  money  is  material,  provisions  are  discounted  using  a  current  pre-­‐tax  rate  that  reflects  the  risks  specific  to  the  liability.

When  discounting  is  used,  the  increase  in  the  provision  due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost.

(n) Employee  leave  benefits(i) Wages,  salaries,  annual  leave  and  sick  leaveLiabilities  for  wages  and  salaries,  including  non-­‐monetary  benefits  and  annual  leave  expected  to  be  settled  within  12  months  of  the  reporting  date  are  recognised  in  other  Employee  Entitlements  in  respect  of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

(ii) Long  service  leaveThe  liability  for  long  service  leave  is  recognised  and  measured  as  the  present  value  of  expected  future  payments  made  to  be  in  respect  of  services  provided  by  employees  up  to  the  reporting  date  using  the  projected  unit  credit  method.    Consideration  is  given  to  expected  future  wages  and  salary  levels,experience  of  employee  departures,  and  periods  of  service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  onnational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

(o) LeasesThe  determination  of  whether  an  arrangement  is  or  contains  a  lease  is  based  on  the  substance  of  the  arrangement  and  requires  an  assessment  of  whetherfulfillment  of  the  arrangement  is  dependent  on  the  use  of  a  specific  asset  or  assets  and  the  arrangement  conveys  a  right  to  use  the  asset.

(i) Group  as  LesseeFinance  leases,  which  transfer  to  the  Association  substantially  all  the  risks  and  benefits  incidental  to  ownership  of  the  leased  item,  are  capitalised  at  the  inception  of  the  lease  at  the  fair  value  of  the  leased  asset  or,  if  lower,  at  the  present  value  of  the  minimum  lease  payments.    Lease  payments  are  apportioned  between  the  finance  charges  and  the  reduction  of  the  lease  liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  balance  of  theliability.    Finance  charges  are  recognised  as  an  expense  in  profit  and  loss.

Capitalised  leased  assets  are  depreciated  over  the  shorter  of  the  estimated  useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantitythat  the  Association  will  obtain  ownership  by  the  end  of  the  lease  term.

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  liabilities(i) Initial  recognition  and  measurementFinancial  liabilities  are  classified,  at  initial  recognition,  as  financial  liabilities  at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  asderivatives  designated  as  hedging  instruments  in  an  effective  hedge,  as  appropriate.

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.

The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings.

(ii) Subsequent  measurementThe  measurement  of  financial  liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below:

(iii) Loans  and  borrowingsAfter  initial  recognition,  loans  and  borrowings  are  subsequently  measured  at  amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  andlosses  are  recognised  in  profit  or  loss  when  the  liabilities  are  de-­‐recognised  as  well  as  through  the  EIR  amortisation  process.

(q) Prior  Year  comparativesCertain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.

NOTE  1:  STATEMENT  OF  SIGNIFICANT  ACCOUNTING  POLICIES

(a) Basis  of  PreparationThis  consolidated  financial  report  is  a  general  purpose  financial  report,  which  has  been  prepared  in  accordance  with  the  financial  reporting  requirementsof  the  Associations  Incorporation  Act  of  Western  Australia  and  Australian  Accounting  Standards  and  other  authorative  pronouncements  of  the  AustralianAccounting  Standards  and  other  authorative  pronouncements  of  the  Australian  Accounting  Standards  Board.    The  financial  report  has  also  been  preparedon  a  historical  cost  basis.  The  financial  report  is  presented  in  Australian  dollars.

Cash  ManagementThe  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  at31  December  2014  and  a  net  deficit  for  the  year  of  $602,201  (2013:  $1,160,490)

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  thatthe  Association  has,  or  in  the  directors’  opinion  will  have  access  to,  sufficient  cash  to  fund  administrative  and  other  committed  expenditure  for  a  periodof  not  less  than  12  months  from  the  date  of  this  report.  

In  forming  this  view  the  directors  have  taken  into  consideration  the  following.

Included  within  current  liabilities  is  unearned  revenue  of  $3,191,020  (2013:  $2,765,922)  which  does  not  require  a  cash  outlay.    Excluding  the  unearnedrevenue  in  a  liquidity  analysis  as  at  31  December  2014,  the  Association  has  a  net  current  asset  position  of  $802,767;

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(carrying  value  of  $1,126,327  as  at  31  December  2014);  

Agreement  has  been  made  for  an  interest  free  short  term  loan  to  underpin  the  2015  cashflow;

Significant  uplift  in  the  boardcast  revenues  in  2016;  and

A  comprehensive  review  of  expenditure  has  been  carried  out  with  improvements  in  efficiency  made  for  2015.

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  numberof  factors,  including;

Continued  support  of  the  Australian  Rugby  Union,  members,  sponsors  and  financiers.

Should  the  Association  not  achieve  the  matters  set  out  above  there  is  significant  uncertainty  whether  the  Association  will  continue  as  a  going  concernand  therefore  whether  it  will  realise  its  assets  and  extinguish  its  liabilities  in  the  normal  course  of  business  and  at  the  amounts  stated  in  the  financialreport.  The  consolidated  financial  report  does  not  include  any  adjustment  relating  to  the  recoverability  or  classification  of  recorded  asset  amounts  or  tothe  amounts  or  classification  of  liabilities  that  might  be  necessary  should  the  Association  not  be  able  to  continue  as  a  going  concern.

(b) Statement  of  ComplianceThe  financial  report  complies  with  Australian  Accounting  Standards  as  issued  by  the  Australian  Accounting  Standards  Board.

(i)  Changes  in  accounting  policy  and  disclosures

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

Application  of  AASB  10  Consolidated  Financial  Statements.

In  addition  the  Association  has  adopted  all  the  new  and  amended  Australian  Accounting  Standards  and  AASB  Interpretations  as  of  1  January  2013,  including

Reference TitleFair  Value  Measurement

Employee  Benefits

AASB  2011-­‐4 Amendments  to  Australian  Accounting  Standards  to  Remove  Individual  Key  Management  Personnel  Disclosure  Requirements  [AASB  124]

ENDED  31  DECEMBER  2014

This  amendment  deletes  from  AASB  124  individual  key  management  personnel  disclosure  requirements  for  disclosing  entities  that  are  not  companies.  It  also  removes  the  individual  KMP  disclosure  requirements  for  all  disclosing  entities  in  relation  to  equity  holdings,  loans  and  other  related  party  transactions.    There  was  no  impact  of  adopting  this  standard.

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

AASB  13

AASB  2011-­‐4

SummaryAASB  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  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  definition  may  result  in  different  fair  values  being  determined  for  the  relevant  assets.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐8.There  was  no  impact  of  adopting  this  standard.The  revised  standard  changes  the  definition  of  short-­‐term  employee  benefits.  The  distinction  between  short-­‐term  and  other  long-­‐term  employee  benefits  is  now  based  on  whether  the  benefits  are  expected  to  be  settled  wholly  within  12  months  after  the  reporting  date.  Consequential  amendments  were  also  made  to  other  standards  via  AASB  2011-­‐0.  

Application  of  this  standard  had  no  significant  impact  on  the  financial  results  or  position  of  the  Association.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(i) ImpairmentThe  carrying  values  of  property,  plant  and  equipment  are  reviewed  for  impairment  whenever  events  or  changes  in  circumstances  indicate  that  the  carryingamount  may  not  be  recoverable.    An  impairment  loss  is  recognised  for  the  amount  by  which  the  asset's  carrying  amount  exceeds  its  recoverable  amount.The  recoverable  amount  is  the  higher  of  an  asset's  fair  value  less  costs  to  sell  and  value  in  use.

(ii) Derecognition  and  disposalsAn  item  of  property,  plant  and  equipment  is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal.

Any  gain  or  loss  arising  on  derecognition  of  the  asset  (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset)is  included  in  profit  or  loss  in  the  year  the  asset  is  derecognised.

(l) Trade  and  Other  PayablesTrade  payables  and  other  payables  are  carried  at  amortized  cost  and  represent  liabilities  for  goods  and  services  provided  to  the  Association  prior  to  the  endof  the  financial  year  that  are  unpaid  and  arise  when  the  Association  becomes  obliged  to  make  future  payments  in  respect  of  the  purchase  of  these  goods  and  services.    The  amounts  are  unsecured  and  are  usually  paid  within  30  days  of  recognition.

(m) ProvisionsProvisions  are  recognised  when  the  Association  has  a  legal  or  constructive  obligation  to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  aresult  of  past  transactions  or  other  past  events,  it  is  probable  that  a  future  sacrifice  of  economic  benefit  will  be  required  and  a  reliable  estimate  can  be  madeof  the  amounts  of  the  obligations.

When  the  Association  expects  some  or  all  of  a  provision  to  be  reimbursed,  for  an  example  an  insurance  contract,  the  reimbursement  is  recognised  as  aseparate  asset  but  only  when  the  reimbursement  is  virtually  certain.    The  expense  relating  to  any  provision  is  presented  in  the  Consolidated  Statement  of  Comprehensive  Income  net  of  any  reimbursement.

If  the  effect  of  the  time  value  of  money  is  material,  provisions  are  discounted  using  a  current  pre-­‐tax  rate  that  reflects  the  risks  specific  to  the  liability.

When  discounting  is  used,  the  increase  in  the  provision  due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost.

(n) Employee  leave  benefits(i) Wages,  salaries,  annual  leave  and  sick  leaveLiabilities  for  wages  and  salaries,  including  non-­‐monetary  benefits  and  annual  leave  expected  to  be  settled  within  12  months  of  the  reporting  date  are  recognised  in  other  Employee  Entitlements  in  respect  of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

(ii) Long  service  leaveThe  liability  for  long  service  leave  is  recognised  and  measured  as  the  present  value  of  expected  future  payments  made  to  be  in  respect  of  services  provided  by  employees  up  to  the  reporting  date  using  the  projected  unit  credit  method.    Consideration  is  given  to  expected  future  wages  and  salary  levels,experience  of  employee  departures,  and  periods  of  service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  onnational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

(o) LeasesThe  determination  of  whether  an  arrangement  is  or  contains  a  lease  is  based  on  the  substance  of  the  arrangement  and  requires  an  assessment  of  whetherfulfillment  of  the  arrangement  is  dependent  on  the  use  of  a  specific  asset  or  assets  and  the  arrangement  conveys  a  right  to  use  the  asset.

(i) Group  as  LesseeFinance  leases,  which  transfer  to  the  Association  substantially  all  the  risks  and  benefits  incidental  to  ownership  of  the  leased  item,  are  capitalised  at  the  inception  of  the  lease  at  the  fair  value  of  the  leased  asset  or,  if  lower,  at  the  present  value  of  the  minimum  lease  payments.    Lease  payments  are  apportioned  between  the  finance  charges  and  the  reduction  of  the  lease  liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  balance  of  theliability.    Finance  charges  are  recognised  as  an  expense  in  profit  and  loss.

Capitalised  leased  assets  are  depreciated  over  the  shorter  of  the  estimated  useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantitythat  the  Association  will  obtain  ownership  by  the  end  of  the  lease  term.

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  liabilities(i) Initial  recognition  and  measurementFinancial  liabilities  are  classified,  at  initial  recognition,  as  financial  liabilities  at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  asderivatives  designated  as  hedging  instruments  in  an  effective  hedge,  as  appropriate.

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.

The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings.

(ii) Subsequent  measurementThe  measurement  of  financial  liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below:

(iii) Loans  and  borrowingsAfter  initial  recognition,  loans  and  borrowings  are  subsequently  measured  at  amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  andlosses  are  recognised  in  profit  or  loss  when  the  liabilities  are  de-­‐recognised  as  well  as  through  the  EIR  amortisation  process.

(q) Prior  Year  comparativesCertain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(i) ImpairmentThe  carrying  values  of  property,  plant  and  equipment  are  reviewed  for  impairment  whenever  events  or  changes  in  circumstances  indicate  that  the  carryingamount  may  not  be  recoverable.    An  impairment  loss  is  recognised  for  the  amount  by  which  the  asset's  carrying  amount  exceeds  its  recoverable  amount.The  recoverable  amount  is  the  higher  of  an  asset's  fair  value  less  costs  to  sell  and  value  in  use.

(ii) Derecognition  and  disposalsAn  item  of  property,  plant  and  equipment  is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal.

Any  gain  or  loss  arising  on  derecognition  of  the  asset  (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset)is  included  in  profit  or  loss  in  the  year  the  asset  is  derecognised.

(l) Trade  and  Other  PayablesTrade  payables  and  other  payables  are  carried  at  amortized  cost  and  represent  liabilities  for  goods  and  services  provided  to  the  Association  prior  to  the  endof  the  financial  year  that  are  unpaid  and  arise  when  the  Association  becomes  obliged  to  make  future  payments  in  respect  of  the  purchase  of  these  goods  and  services.    The  amounts  are  unsecured  and  are  usually  paid  within  30  days  of  recognition.

(m) ProvisionsProvisions  are  recognised  when  the  Association  has  a  legal  or  constructive  obligation  to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  aresult  of  past  transactions  or  other  past  events,  it  is  probable  that  a  future  sacrifice  of  economic  benefit  will  be  required  and  a  reliable  estimate  can  be  madeof  the  amounts  of  the  obligations.

When  the  Association  expects  some  or  all  of  a  provision  to  be  reimbursed,  for  an  example  an  insurance  contract,  the  reimbursement  is  recognised  as  aseparate  asset  but  only  when  the  reimbursement  is  virtually  certain.    The  expense  relating  to  any  provision  is  presented  in  the  Consolidated  Statement  of  Comprehensive  Income  net  of  any  reimbursement.

If  the  effect  of  the  time  value  of  money  is  material,  provisions  are  discounted  using  a  current  pre-­‐tax  rate  that  reflects  the  risks  specific  to  the  liability.

When  discounting  is  used,  the  increase  in  the  provision  due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost.

(n) Employee  leave  benefits(i) Wages,  salaries,  annual  leave  and  sick  leaveLiabilities  for  wages  and  salaries,  including  non-­‐monetary  benefits  and  annual  leave  expected  to  be  settled  within  12  months  of  the  reporting  date  are  recognised  in  other  Employee  Entitlements  in  respect  of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

(ii) Long  service  leaveThe  liability  for  long  service  leave  is  recognised  and  measured  as  the  present  value  of  expected  future  payments  made  to  be  in  respect  of  services  provided  by  employees  up  to  the  reporting  date  using  the  projected  unit  credit  method.    Consideration  is  given  to  expected  future  wages  and  salary  levels,experience  of  employee  departures,  and  periods  of  service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  onnational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

(o) LeasesThe  determination  of  whether  an  arrangement  is  or  contains  a  lease  is  based  on  the  substance  of  the  arrangement  and  requires  an  assessment  of  whetherfulfillment  of  the  arrangement  is  dependent  on  the  use  of  a  specific  asset  or  assets  and  the  arrangement  conveys  a  right  to  use  the  asset.

(i) Group  as  LesseeFinance  leases,  which  transfer  to  the  Association  substantially  all  the  risks  and  benefits  incidental  to  ownership  of  the  leased  item,  are  capitalised  at  the  inception  of  the  lease  at  the  fair  value  of  the  leased  asset  or,  if  lower,  at  the  present  value  of  the  minimum  lease  payments.    Lease  payments  are  apportioned  between  the  finance  charges  and  the  reduction  of  the  lease  liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  balance  of  theliability.    Finance  charges  are  recognised  as  an  expense  in  profit  and  loss.

Capitalised  leased  assets  are  depreciated  over  the  shorter  of  the  estimated  useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantitythat  the  Association  will  obtain  ownership  by  the  end  of  the  lease  term.

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  liabilities(i) Initial  recognition  and  measurementFinancial  liabilities  are  classified,  at  initial  recognition,  as  financial  liabilities  at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  asderivatives  designated  as  hedging  instruments  in  an  effective  hedge,  as  appropriate.

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.

The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings.

(ii) Subsequent  measurementThe  measurement  of  financial  liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below:

(iii) Loans  and  borrowingsAfter  initial  recognition,  loans  and  borrowings  are  subsequently  measured  at  amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  andlosses  are  recognised  in  profit  or  loss  when  the  liabilities  are  de-­‐recognised  as  well  as  through  the  EIR  amortisation  process.

(q) Prior  Year  comparativesCertain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(i) ImpairmentThe  carrying  values  of  property,  plant  and  equipment  are  reviewed  for  impairment  whenever  events  or  changes  in  circumstances  indicate  that  the  carryingamount  may  not  be  recoverable.    An  impairment  loss  is  recognised  for  the  amount  by  which  the  asset's  carrying  amount  exceeds  its  recoverable  amount.The  recoverable  amount  is  the  higher  of  an  asset's  fair  value  less  costs  to  sell  and  value  in  use.

(ii) Derecognition  and  disposalsAn  item  of  property,  plant  and  equipment  is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal.

Any  gain  or  loss  arising  on  derecognition  of  the  asset  (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset)is  included  in  profit  or  loss  in  the  year  the  asset  is  derecognised.

(l) Trade  and  Other  PayablesTrade  payables  and  other  payables  are  carried  at  amortized  cost  and  represent  liabilities  for  goods  and  services  provided  to  the  Association  prior  to  the  endof  the  financial  year  that  are  unpaid  and  arise  when  the  Association  becomes  obliged  to  make  future  payments  in  respect  of  the  purchase  of  these  goods  and  services.    The  amounts  are  unsecured  and  are  usually  paid  within  30  days  of  recognition.

(m) ProvisionsProvisions  are  recognised  when  the  Association  has  a  legal  or  constructive  obligation  to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  aresult  of  past  transactions  or  other  past  events,  it  is  probable  that  a  future  sacrifice  of  economic  benefit  will  be  required  and  a  reliable  estimate  can  be  madeof  the  amounts  of  the  obligations.

When  the  Association  expects  some  or  all  of  a  provision  to  be  reimbursed,  for  an  example  an  insurance  contract,  the  reimbursement  is  recognised  as  aseparate  asset  but  only  when  the  reimbursement  is  virtually  certain.    The  expense  relating  to  any  provision  is  presented  in  the  Consolidated  Statement  of  Comprehensive  Income  net  of  any  reimbursement.

If  the  effect  of  the  time  value  of  money  is  material,  provisions  are  discounted  using  a  current  pre-­‐tax  rate  that  reflects  the  risks  specific  to  the  liability.

When  discounting  is  used,  the  increase  in  the  provision  due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost.

(n) Employee  leave  benefits(i) Wages,  salaries,  annual  leave  and  sick  leaveLiabilities  for  wages  and  salaries,  including  non-­‐monetary  benefits  and  annual  leave  expected  to  be  settled  within  12  months  of  the  reporting  date  are  recognised  in  other  Employee  Entitlements  in  respect  of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

(ii) Long  service  leaveThe  liability  for  long  service  leave  is  recognised  and  measured  as  the  present  value  of  expected  future  payments  made  to  be  in  respect  of  services  provided  by  employees  up  to  the  reporting  date  using  the  projected  unit  credit  method.    Consideration  is  given  to  expected  future  wages  and  salary  levels,experience  of  employee  departures,  and  periods  of  service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  onnational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

(o) LeasesThe  determination  of  whether  an  arrangement  is  or  contains  a  lease  is  based  on  the  substance  of  the  arrangement  and  requires  an  assessment  of  whetherfulfillment  of  the  arrangement  is  dependent  on  the  use  of  a  specific  asset  or  assets  and  the  arrangement  conveys  a  right  to  use  the  asset.

(i) Group  as  LesseeFinance  leases,  which  transfer  to  the  Association  substantially  all  the  risks  and  benefits  incidental  to  ownership  of  the  leased  item,  are  capitalised  at  the  inception  of  the  lease  at  the  fair  value  of  the  leased  asset  or,  if  lower,  at  the  present  value  of  the  minimum  lease  payments.    Lease  payments  are  apportioned  between  the  finance  charges  and  the  reduction  of  the  lease  liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  balance  of  theliability.    Finance  charges  are  recognised  as  an  expense  in  profit  and  loss.

Capitalised  leased  assets  are  depreciated  over  the  shorter  of  the  estimated  useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantitythat  the  Association  will  obtain  ownership  by  the  end  of  the  lease  term.

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  liabilities(i) Initial  recognition  and  measurementFinancial  liabilities  are  classified,  at  initial  recognition,  as  financial  liabilities  at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  asderivatives  designated  as  hedging  instruments  in  an  effective  hedge,  as  appropriate.

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.

The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings.

(ii) Subsequent  measurementThe  measurement  of  financial  liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below:

(iii) Loans  and  borrowingsAfter  initial  recognition,  loans  and  borrowings  are  subsequently  measured  at  amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  andlosses  are  recognised  in  profit  or  loss  when  the  liabilities  are  de-­‐recognised  as  well  as  through  the  EIR  amortisation  process.

(q) Prior  Year  comparativesCertain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(i) ImpairmentThe  carrying  values  of  property,  plant  and  equipment  are  reviewed  for  impairment  whenever  events  or  changes  in  circumstances  indicate  that  the  carryingamount  may  not  be  recoverable.    An  impairment  loss  is  recognised  for  the  amount  by  which  the  asset's  carrying  amount  exceeds  its  recoverable  amount.The  recoverable  amount  is  the  higher  of  an  asset's  fair  value  less  costs  to  sell  and  value  in  use.

(ii) Derecognition  and  disposalsAn  item  of  property,  plant  and  equipment  is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal.

Any  gain  or  loss  arising  on  derecognition  of  the  asset  (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset)is  included  in  profit  or  loss  in  the  year  the  asset  is  derecognised.

(l) Trade  and  Other  PayablesTrade  payables  and  other  payables  are  carried  at  amortized  cost  and  represent  liabilities  for  goods  and  services  provided  to  the  Association  prior  to  the  endof  the  financial  year  that  are  unpaid  and  arise  when  the  Association  becomes  obliged  to  make  future  payments  in  respect  of  the  purchase  of  these  goods  and  services.    The  amounts  are  unsecured  and  are  usually  paid  within  30  days  of  recognition.

(m) ProvisionsProvisions  are  recognised  when  the  Association  has  a  legal  or  constructive  obligation  to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  aresult  of  past  transactions  or  other  past  events,  it  is  probable  that  a  future  sacrifice  of  economic  benefit  will  be  required  and  a  reliable  estimate  can  be  madeof  the  amounts  of  the  obligations.

When  the  Association  expects  some  or  all  of  a  provision  to  be  reimbursed,  for  an  example  an  insurance  contract,  the  reimbursement  is  recognised  as  aseparate  asset  but  only  when  the  reimbursement  is  virtually  certain.    The  expense  relating  to  any  provision  is  presented  in  the  Consolidated  Statement  of  Comprehensive  Income  net  of  any  reimbursement.

If  the  effect  of  the  time  value  of  money  is  material,  provisions  are  discounted  using  a  current  pre-­‐tax  rate  that  reflects  the  risks  specific  to  the  liability.

When  discounting  is  used,  the  increase  in  the  provision  due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost.

(n) Employee  leave  benefits(i) Wages,  salaries,  annual  leave  and  sick  leaveLiabilities  for  wages  and  salaries,  including  non-­‐monetary  benefits  and  annual  leave  expected  to  be  settled  within  12  months  of  the  reporting  date  are  recognised  in  other  Employee  Entitlements  in  respect  of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

(ii) Long  service  leaveThe  liability  for  long  service  leave  is  recognised  and  measured  as  the  present  value  of  expected  future  payments  made  to  be  in  respect  of  services  provided  by  employees  up  to  the  reporting  date  using  the  projected  unit  credit  method.    Consideration  is  given  to  expected  future  wages  and  salary  levels,experience  of  employee  departures,  and  periods  of  service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  onnational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

(o) LeasesThe  determination  of  whether  an  arrangement  is  or  contains  a  lease  is  based  on  the  substance  of  the  arrangement  and  requires  an  assessment  of  whetherfulfillment  of  the  arrangement  is  dependent  on  the  use  of  a  specific  asset  or  assets  and  the  arrangement  conveys  a  right  to  use  the  asset.

(i) Group  as  LesseeFinance  leases,  which  transfer  to  the  Association  substantially  all  the  risks  and  benefits  incidental  to  ownership  of  the  leased  item,  are  capitalised  at  the  inception  of  the  lease  at  the  fair  value  of  the  leased  asset  or,  if  lower,  at  the  present  value  of  the  minimum  lease  payments.    Lease  payments  are  apportioned  between  the  finance  charges  and  the  reduction  of  the  lease  liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  balance  of  theliability.    Finance  charges  are  recognised  as  an  expense  in  profit  and  loss.

Capitalised  leased  assets  are  depreciated  over  the  shorter  of  the  estimated  useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantitythat  the  Association  will  obtain  ownership  by  the  end  of  the  lease  term.

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  liabilities(i) Initial  recognition  and  measurementFinancial  liabilities  are  classified,  at  initial  recognition,  as  financial  liabilities  at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  asderivatives  designated  as  hedging  instruments  in  an  effective  hedge,  as  appropriate.

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.

The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings.

(ii) Subsequent  measurementThe  measurement  of  financial  liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below:

(iii) Loans  and  borrowingsAfter  initial  recognition,  loans  and  borrowings  are  subsequently  measured  at  amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  andlosses  are  recognised  in  profit  or  loss  when  the  liabilities  are  de-­‐recognised  as  well  as  through  the  EIR  amortisation  process.

(q) Prior  Year  comparativesCertain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(i) ImpairmentThe  carrying  values  of  property,  plant  and  equipment  are  reviewed  for  impairment  whenever  events  or  changes  in  circumstances  indicate  that  the  carryingamount  may  not  be  recoverable.    An  impairment  loss  is  recognised  for  the  amount  by  which  the  asset's  carrying  amount  exceeds  its  recoverable  amount.The  recoverable  amount  is  the  higher  of  an  asset's  fair  value  less  costs  to  sell  and  value  in  use.

(ii) Derecognition  and  disposalsAn  item  of  property,  plant  and  equipment  is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal.

Any  gain  or  loss  arising  on  derecognition  of  the  asset  (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset)is  included  in  profit  or  loss  in  the  year  the  asset  is  derecognised.

(l) Trade  and  Other  PayablesTrade  payables  and  other  payables  are  carried  at  amortized  cost  and  represent  liabilities  for  goods  and  services  provided  to  the  Association  prior  to  the  endof  the  financial  year  that  are  unpaid  and  arise  when  the  Association  becomes  obliged  to  make  future  payments  in  respect  of  the  purchase  of  these  goods  and  services.    The  amounts  are  unsecured  and  are  usually  paid  within  30  days  of  recognition.

(m) ProvisionsProvisions  are  recognised  when  the  Association  has  a  legal  or  constructive  obligation  to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  aresult  of  past  transactions  or  other  past  events,  it  is  probable  that  a  future  sacrifice  of  economic  benefit  will  be  required  and  a  reliable  estimate  can  be  madeof  the  amounts  of  the  obligations.

When  the  Association  expects  some  or  all  of  a  provision  to  be  reimbursed,  for  an  example  an  insurance  contract,  the  reimbursement  is  recognised  as  aseparate  asset  but  only  when  the  reimbursement  is  virtually  certain.    The  expense  relating  to  any  provision  is  presented  in  the  Consolidated  Statement  of  Comprehensive  Income  net  of  any  reimbursement.

If  the  effect  of  the  time  value  of  money  is  material,  provisions  are  discounted  using  a  current  pre-­‐tax  rate  that  reflects  the  risks  specific  to  the  liability.

When  discounting  is  used,  the  increase  in  the  provision  due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost.

(n) Employee  leave  benefits(i) Wages,  salaries,  annual  leave  and  sick  leaveLiabilities  for  wages  and  salaries,  including  non-­‐monetary  benefits  and  annual  leave  expected  to  be  settled  within  12  months  of  the  reporting  date  are  recognised  in  other  Employee  Entitlements  in  respect  of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

(ii) Long  service  leaveThe  liability  for  long  service  leave  is  recognised  and  measured  as  the  present  value  of  expected  future  payments  made  to  be  in  respect  of  services  provided  by  employees  up  to  the  reporting  date  using  the  projected  unit  credit  method.    Consideration  is  given  to  expected  future  wages  and  salary  levels,experience  of  employee  departures,  and  periods  of  service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  onnational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

(o) LeasesThe  determination  of  whether  an  arrangement  is  or  contains  a  lease  is  based  on  the  substance  of  the  arrangement  and  requires  an  assessment  of  whetherfulfillment  of  the  arrangement  is  dependent  on  the  use  of  a  specific  asset  or  assets  and  the  arrangement  conveys  a  right  to  use  the  asset.

(i) Group  as  LesseeFinance  leases,  which  transfer  to  the  Association  substantially  all  the  risks  and  benefits  incidental  to  ownership  of  the  leased  item,  are  capitalised  at  the  inception  of  the  lease  at  the  fair  value  of  the  leased  asset  or,  if  lower,  at  the  present  value  of  the  minimum  lease  payments.    Lease  payments  are  apportioned  between  the  finance  charges  and  the  reduction  of  the  lease  liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  balance  of  theliability.    Finance  charges  are  recognised  as  an  expense  in  profit  and  loss.

Capitalised  leased  assets  are  depreciated  over  the  shorter  of  the  estimated  useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantitythat  the  Association  will  obtain  ownership  by  the  end  of  the  lease  term.

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  liabilities(i) Initial  recognition  and  measurementFinancial  liabilities  are  classified,  at  initial  recognition,  as  financial  liabilities  at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  asderivatives  designated  as  hedging  instruments  in  an  effective  hedge,  as  appropriate.

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.

The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings.

(ii) Subsequent  measurementThe  measurement  of  financial  liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below:

(iii) Loans  and  borrowingsAfter  initial  recognition,  loans  and  borrowings  are  subsequently  measured  at  amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  andlosses  are  recognised  in  profit  or  loss  when  the  liabilities  are  de-­‐recognised  as  well  as  through  the  EIR  amortisation  process.

(q) Prior  Year  comparativesCertain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(i) ImpairmentThe  carrying  values  of  property,  plant  and  equipment  are  reviewed  for  impairment  whenever  events  or  changes  in  circumstances  indicate  that  the  carryingamount  may  not  be  recoverable.    An  impairment  loss  is  recognised  for  the  amount  by  which  the  asset's  carrying  amount  exceeds  its  recoverable  amount.The  recoverable  amount  is  the  higher  of  an  asset's  fair  value  less  costs  to  sell  and  value  in  use.

(ii) Derecognition  and  disposalsAn  item  of  property,  plant  and  equipment  is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal.

Any  gain  or  loss  arising  on  derecognition  of  the  asset  (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset)is  included  in  profit  or  loss  in  the  year  the  asset  is  derecognised.

(l) Trade  and  Other  PayablesTrade  payables  and  other  payables  are  carried  at  amortized  cost  and  represent  liabilities  for  goods  and  services  provided  to  the  Association  prior  to  the  endof  the  financial  year  that  are  unpaid  and  arise  when  the  Association  becomes  obliged  to  make  future  payments  in  respect  of  the  purchase  of  these  goods  and  services.    The  amounts  are  unsecured  and  are  usually  paid  within  30  days  of  recognition.

(m) ProvisionsProvisions  are  recognised  when  the  Association  has  a  legal  or  constructive  obligation  to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  aresult  of  past  transactions  or  other  past  events,  it  is  probable  that  a  future  sacrifice  of  economic  benefit  will  be  required  and  a  reliable  estimate  can  be  madeof  the  amounts  of  the  obligations.

When  the  Association  expects  some  or  all  of  a  provision  to  be  reimbursed,  for  an  example  an  insurance  contract,  the  reimbursement  is  recognised  as  aseparate  asset  but  only  when  the  reimbursement  is  virtually  certain.    The  expense  relating  to  any  provision  is  presented  in  the  Consolidated  Statement  of  Comprehensive  Income  net  of  any  reimbursement.

If  the  effect  of  the  time  value  of  money  is  material,  provisions  are  discounted  using  a  current  pre-­‐tax  rate  that  reflects  the  risks  specific  to  the  liability.

When  discounting  is  used,  the  increase  in  the  provision  due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost.

(n) Employee  leave  benefits(i) Wages,  salaries,  annual  leave  and  sick  leaveLiabilities  for  wages  and  salaries,  including  non-­‐monetary  benefits  and  annual  leave  expected  to  be  settled  within  12  months  of  the  reporting  date  are  recognised  in  other  Employee  Entitlements  in  respect  of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

(ii) Long  service  leaveThe  liability  for  long  service  leave  is  recognised  and  measured  as  the  present  value  of  expected  future  payments  made  to  be  in  respect  of  services  provided  by  employees  up  to  the  reporting  date  using  the  projected  unit  credit  method.    Consideration  is  given  to  expected  future  wages  and  salary  levels,experience  of  employee  departures,  and  periods  of  service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  onnational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

(o) LeasesThe  determination  of  whether  an  arrangement  is  or  contains  a  lease  is  based  on  the  substance  of  the  arrangement  and  requires  an  assessment  of  whetherfulfillment  of  the  arrangement  is  dependent  on  the  use  of  a  specific  asset  or  assets  and  the  arrangement  conveys  a  right  to  use  the  asset.

(i) Group  as  LesseeFinance  leases,  which  transfer  to  the  Association  substantially  all  the  risks  and  benefits  incidental  to  ownership  of  the  leased  item,  are  capitalised  at  the  inception  of  the  lease  at  the  fair  value  of  the  leased  asset  or,  if  lower,  at  the  present  value  of  the  minimum  lease  payments.    Lease  payments  are  apportioned  between  the  finance  charges  and  the  reduction  of  the  lease  liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  balance  of  theliability.    Finance  charges  are  recognised  as  an  expense  in  profit  and  loss.

Capitalised  leased  assets  are  depreciated  over  the  shorter  of  the  estimated  useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantitythat  the  Association  will  obtain  ownership  by  the  end  of  the  lease  term.

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  liabilities(i) Initial  recognition  and  measurementFinancial  liabilities  are  classified,  at  initial  recognition,  as  financial  liabilities  at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  asderivatives  designated  as  hedging  instruments  in  an  effective  hedge,  as  appropriate.

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.

The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings.

(ii) Subsequent  measurementThe  measurement  of  financial  liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below:

(iii) Loans  and  borrowingsAfter  initial  recognition,  loans  and  borrowings  are  subsequently  measured  at  amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  andlosses  are  recognised  in  profit  or  loss  when  the  liabilities  are  de-­‐recognised  as  well  as  through  the  EIR  amortisation  process.

(q) Prior  Year  comparativesCertain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.

ENDED  31  DECEMBER  2014

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  FINANCIAL  STATEMENTS  FOR  THE  YEAR

(i) ImpairmentThe  carrying  values  of  property,  plant  and  equipment  are  reviewed  for  impairment  whenever  events  or  changes  in  circumstances  indicate  that  the  carryingamount  may  not  be  recoverable.    An  impairment  loss  is  recognised  for  the  amount  by  which  the  asset's  carrying  amount  exceeds  its  recoverable  amount.The  recoverable  amount  is  the  higher  of  an  asset's  fair  value  less  costs  to  sell  and  value  in  use.

(ii) Derecognition  and  disposalsAn  item  of  property,  plant  and  equipment  is  derecognised  upon  disposal  or  when  no  further  future  economic  benefits  are  expected  from  its  use  or  disposal.

Any  gain  or  loss  arising  on  derecognition  of  the  asset  (calculated  as  the  difference  between  the  net  disposal  proceeds  and  the  carrying  amount  of  the  asset)is  included  in  profit  or  loss  in  the  year  the  asset  is  derecognised.

(l) Trade  and  Other  PayablesTrade  payables  and  other  payables  are  carried  at  amortized  cost  and  represent  liabilities  for  goods  and  services  provided  to  the  Association  prior  to  the  endof  the  financial  year  that  are  unpaid  and  arise  when  the  Association  becomes  obliged  to  make  future  payments  in  respect  of  the  purchase  of  these  goods  and  services.    The  amounts  are  unsecured  and  are  usually  paid  within  30  days  of  recognition.

(m) ProvisionsProvisions  are  recognised  when  the  Association  has  a  legal  or  constructive  obligation  to  make  a  future  sacrifice  of  economic  benefit  to  other  entities  as  aresult  of  past  transactions  or  other  past  events,  it  is  probable  that  a  future  sacrifice  of  economic  benefit  will  be  required  and  a  reliable  estimate  can  be  madeof  the  amounts  of  the  obligations.

When  the  Association  expects  some  or  all  of  a  provision  to  be  reimbursed,  for  an  example  an  insurance  contract,  the  reimbursement  is  recognised  as  aseparate  asset  but  only  when  the  reimbursement  is  virtually  certain.    The  expense  relating  to  any  provision  is  presented  in  the  Consolidated  Statement  of  Comprehensive  Income  net  of  any  reimbursement.

If  the  effect  of  the  time  value  of  money  is  material,  provisions  are  discounted  using  a  current  pre-­‐tax  rate  that  reflects  the  risks  specific  to  the  liability.

When  discounting  is  used,  the  increase  in  the  provision  due  to  the  passage  of  time  is  recognised  as  a  borrowing  cost.

(n) Employee  leave  benefits(i) Wages,  salaries,  annual  leave  and  sick  leaveLiabilities  for  wages  and  salaries,  including  non-­‐monetary  benefits  and  annual  leave  expected  to  be  settled  within  12  months  of  the  reporting  date  are  recognised  in  other  Employee  Entitlements  in  respect  of  employees'  services  up  to  the  reporting  date.    They  are  measured  at  the  amounts  expected  to  be  paid  when  the  liabilities  are  settled.

(ii) Long  service  leaveThe  liability  for  long  service  leave  is  recognised  and  measured  as  the  present  value  of  expected  future  payments  made  to  be  in  respect  of  services  provided  by  employees  up  to  the  reporting  date  using  the  projected  unit  credit  method.    Consideration  is  given  to  expected  future  wages  and  salary  levels,experience  of  employee  departures,  and  periods  of  service.    Expected  future  payments  are  discounted  using  market  yields  at  the  reporting  date  onnational  government  bonds  with  terms  to  maturity  and  currencies  that  match,  as  closely  as  possible,  the  estimated  future  cash  outflows.

(o) LeasesThe  determination  of  whether  an  arrangement  is  or  contains  a  lease  is  based  on  the  substance  of  the  arrangement  and  requires  an  assessment  of  whetherfulfillment  of  the  arrangement  is  dependent  on  the  use  of  a  specific  asset  or  assets  and  the  arrangement  conveys  a  right  to  use  the  asset.

(i) Group  as  LesseeFinance  leases,  which  transfer  to  the  Association  substantially  all  the  risks  and  benefits  incidental  to  ownership  of  the  leased  item,  are  capitalised  at  the  inception  of  the  lease  at  the  fair  value  of  the  leased  asset  or,  if  lower,  at  the  present  value  of  the  minimum  lease  payments.    Lease  payments  are  apportioned  between  the  finance  charges  and  the  reduction  of  the  lease  liability  so  as  to  achieve  a  constant  rate  of  interest  on  the  remaining  balance  of  theliability.    Finance  charges  are  recognised  as  an  expense  in  profit  and  loss.

Capitalised  leased  assets  are  depreciated  over  the  shorter  of  the  estimated  useful  life  of  the  asset  and  the  lease  term  if  there  is  no  reasonable  certantitythat  the  Association  will  obtain  ownership  by  the  end  of  the  lease  term.

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  liabilities(i) Initial  recognition  and  measurementFinancial  liabilities  are  classified,  at  initial  recognition,  as  financial  liabilities  at  fair  value  through  profit  or  loss,  loans  and  borrowings,  payables,  or  asderivatives  designated  as  hedging  instruments  in  an  effective  hedge,  as  appropriate.

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.

The  Association's  financial  liabilities  include  trade  and  other  payables  and  loans  and  borrowings.

(ii) Subsequent  measurementThe  measurement  of  financial  liabilities  depends  on  their  classification.  The  most  relevant  financial  liabilities  to  the  Association  are  as  described  below:

(iii) Loans  and  borrowingsAfter  initial  recognition,  loans  and  borrowings  are  subsequently  measured  at  amortised  cost  using  the  Effective  interest  Rate  ("EIR")  method.    Gains  andlosses  are  recognised  in  profit  or  loss  when  the  liabilities  are  de-­‐recognised  as  well  as  through  the  EIR  amortisation  process.

(q) Prior  Year  comparativesCertain  prior  year  compartatives  have  been  adjusted  to  reflect  current  year  presentation.

Page 56: RugbyWA Annual Report 2014

56 RUGBYWA 2014 ANNUAL REPORT

2014 2013$ $

NOTE  2:  REVENUE  AND  OTHER  INCOMEa) Revenue  -­‐  Commercial  services 10,209,025                               11,400,750    -­‐  Community  rugby 1,023,263   896,747    -­‐  Professional  rugby 4,295,903   4,317,030    -­‐  Corporate  services 355,470   59,077    -­‐  Future  Force  Foundation  Ltd  -­‐  grant 59,450   -­‐    -­‐  Interest  received 25,108   60,663  

15,968,219                               16,734,266  b) Other  income  -­‐  Grants  received 500,000   -­‐  

500,000   -­‐  

NOTE  3a:  OPERATING  EXPENDITUREIncluded  within  the  categories  of  operating  expenditure  are  the  following  specific  expenses:

Finance  costsBank  charges 44,341   45,902  

44,341   45,902  Depreciation  expenseDepreciation 136,162   152,284  

136,162   152,284  Employee  benefits  expenseWages  and  salaries 7,894,938   7,776,875  Superannuation 689,595   650,241  

8,584,533                                   8,427,116  

NOTE  3b:  STADIUM  INFRASTRUCTURE  EXPENDITUREInterest  on  loans 83,798   108,911  

83,798   108,911  

NOTE  4:  CASH  AND  CASH  EQUIVALENTSCash  at  bank      (i) 530,675   1,184,300  Term  deposits    (ii) 62,778   767,953  

593,453   1,952,253  (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  andthree  months,  depending  on  the  immediate  cash  requirements  of  the  Associationand  earn  interest  at  the  respective  short-­‐term  deposit  rates.

NOTE  5:  TRADE  AND  OTHER  RECEIVABLESCurrentTrade  debtors      (i) 991,635   366,002  Allowance  for  doubtful  debt -­‐   (24,546)  Bonds  (non  interest  bearing) 5,360   10,360  

996,995   351,816  

(i)  Trade  receivables  are  non-­‐interest  bearing  and  are  generally  on  30-­‐90  dayterms.    An  allowance  for  doubtful  debts  is  made  when  there  is  objectiveevidence  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  thatare  for  hospitality  will  have  access  withheld  until  payment  is  received  and  as  suchall  receivables  other  than  those  specifically  provided  for  are  considered  fully  recoverable.

NOTE  6:  INVENTORIESAt  cost 75,470   22,896  

75,470   22,896  

NOTE  7:  OTHER  CURRENT  ASSETSDeferred  costs 71,813   82,149  Prepayments 52,624   -­‐  

124,437   82,149  

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR

ENDED  31  DECEMBER  2014

2014 2013$ $

NOTE  2:  REVENUE  AND  OTHER  INCOMEa) Revenue  -­‐  Commercial  services 10,209,025                               11,400,750    -­‐  Community  rugby 1,023,263   896,747    -­‐  Professional  rugby 4,295,903   4,317,030    -­‐  Corporate  services 355,470   59,077    -­‐  Future  Force  Foundation  Ltd  -­‐  grant 59,450   -­‐    -­‐  Interest  received 25,108   60,663  

15,968,219                               16,734,266  b) Other  income  -­‐  Grants  received 500,000   -­‐  

500,000   -­‐  

NOTE  3a:  OPERATING  EXPENDITUREIncluded  within  the  categories  of  operating  expenditure  are  the  following  specific  expenses:

Finance  costsBank  charges 44,341   45,902  

44,341   45,902  Depreciation  expenseDepreciation 136,162   152,284  

136,162   152,284  Employee  benefits  expenseWages  and  salaries 7,894,938   7,776,875  Superannuation 689,595   650,241  

8,584,533                                   8,427,116  

NOTE  3b:  STADIUM  INFRASTRUCTURE  EXPENDITUREInterest  on  loans 83,798   108,911  

83,798   108,911  

NOTE  4:  CASH  AND  CASH  EQUIVALENTSCash  at  bank      (i) 530,675   1,184,300  Term  deposits    (ii) 62,778   767,953  

593,453   1,952,253  (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  andthree  months,  depending  on  the  immediate  cash  requirements  of  the  Associationand  earn  interest  at  the  respective  short-­‐term  deposit  rates.

NOTE  5:  TRADE  AND  OTHER  RECEIVABLESCurrentTrade  debtors      (i) 991,635   366,002  Allowance  for  doubtful  debt -­‐   (24,546)  Bonds  (non  interest  bearing) 5,360   10,360  

996,995   351,816  

(i)  Trade  receivables  are  non-­‐interest  bearing  and  are  generally  on  30-­‐90  dayterms.    An  allowance  for  doubtful  debts  is  made  when  there  is  objectiveevidence  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  thatare  for  hospitality  will  have  access  withheld  until  payment  is  received  and  as  suchall  receivables  other  than  those  specifically  provided  for  are  considered  fully  recoverable.

NOTE  6:  INVENTORIESAt  cost 75,470   22,896  

75,470   22,896  

NOTE  7:  OTHER  CURRENT  ASSETSDeferred  costs 71,813   82,149  Prepayments 52,624   -­‐  

124,437   82,149  

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR

ENDED  31  DECEMBER  2014

Page 57: RugbyWA Annual Report 2014

57RUGBYWA 2014 ANNUAL REPORT

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  8:  PROPERTY,  PLANT  AND  EQUIPMENT

Leasehold  improvements  -­‐  cost 659,798                                           657,233                                                              Less  accumulated  depreciation (108,156)                                       (75,288)                                                                

551,642                                         581,945                                                              

Plant  and  equipment  -­‐  cost 491,856                                           429,536                                                              Less  accumulated  depreciation (373,895)                                       (315,947)                                                          

117,961                                         113,589                                                              

Furniture  and  fittings  -­‐  cost 64,246                                               64,246                                                                  Less  accumulated  depreciation (19,642)                                           (13,563)                                                                

44,604                                               50,683                                                                  

Website  infrastructure  -­‐  cost 169,143                                           89,283                                                                  Less  accumulated  depreciation (88,537)                                           (65,391)                                                                

80,606                                               23,892                                                                  

Motor  vehicles  -­‐  cost 53,784                                               46,284                                                                  Less  accumulated  depreciation (48,996)                                           (40,759)                                                                

4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

ReconciliationsLeasehold  improvementsCarrying  amount  at  beginning  of  year 581,945                                           985,848                                                              Additions 2,565                                                   7,230                                                                      Disposals -­‐                                                           (515,464)                                                          Depreciation (32,868)                                           104,331                                                              Carrying  amount  at  end  of  year 551,642                                         581,945                                                              

Plant  and  equipmentCarrying  amount  at  beginning  of  year 113,589                                           151,875                                                              Additions 70,204                                               35,110                                                                  Disposals (7,884)                                                 (20,606)                                                                Depreciation (57,948)                                           (52,790)                                                                Carrying  amount  at  end  of  year 117,961                                         113,589                                                              

Furniture  and  fittingsCarrying  amount  at  beginning  of  year 50,683                                               49,534                                                                  Additions -­‐                                                           6,920                                                                      Depreciation (6,079)                                                 (5,771)                                                                    Carrying  amount  at  end  of  year 44,604                                               50,683                                                                  

Website  infrastructureCarrying  amount  at  beginning  of  year 23,892                                               3,801                                                                      Additions 79,860                                               25,000                                                                  Depreciation (23,146)                                           (4,909)                                                                    Carrying  amount  at  end  of  year 80,606                                               23,892                                                                  

Motor  vehiclesCarrying  amount  at  beginning  of  year 5,525                                                   36,494                                                                  Additions 7,500                                                   -­‐                                                                                Disposals -­‐                                                           (80,919)                                                                Depreciation (8,237)                                                 49,950                                                                  Carrying  amount  at  end  of  year 4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

NOTE  9:  TRADE  AND  OTHER  PAYABLESTrade  payables      (i) 222,637                                           289,212                                                              Other  payables      (ii) 190,046                                           164,850                                                              

412,683                                         454,062                                                              (i)  Trade  payables  are  non-­‐interest  bearing  and  are  normally  settled  on30  day  terms.(ii)  Other  payables  are  non-­‐interest  bearing  and  have  an  average  term  of  one  month.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  8:  PROPERTY,  PLANT  AND  EQUIPMENT

Leasehold  improvements  -­‐  cost 659,798                                           657,233                                                              Less  accumulated  depreciation (108,156)                                       (75,288)                                                                

551,642                                         581,945                                                              

Plant  and  equipment  -­‐  cost 491,856                                           429,536                                                              Less  accumulated  depreciation (373,895)                                       (315,947)                                                          

117,961                                         113,589                                                              

Furniture  and  fittings  -­‐  cost 64,246                                               64,246                                                                  Less  accumulated  depreciation (19,642)                                           (13,563)                                                                

44,604                                               50,683                                                                  

Website  infrastructure  -­‐  cost 169,143                                           89,283                                                                  Less  accumulated  depreciation (88,537)                                           (65,391)                                                                

80,606                                               23,892                                                                  

Motor  vehicles  -­‐  cost 53,784                                               46,284                                                                  Less  accumulated  depreciation (48,996)                                           (40,759)                                                                

4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

ReconciliationsLeasehold  improvementsCarrying  amount  at  beginning  of  year 581,945                                           985,848                                                              Additions 2,565                                                   7,230                                                                      Disposals -­‐                                                           (515,464)                                                          Depreciation (32,868)                                           104,331                                                              Carrying  amount  at  end  of  year 551,642                                         581,945                                                              

Plant  and  equipmentCarrying  amount  at  beginning  of  year 113,589                                           151,875                                                              Additions 70,204                                               35,110                                                                  Disposals (7,884)                                                 (20,606)                                                                Depreciation (57,948)                                           (52,790)                                                                Carrying  amount  at  end  of  year 117,961                                         113,589                                                              

Furniture  and  fittingsCarrying  amount  at  beginning  of  year 50,683                                               49,534                                                                  Additions -­‐                                                           6,920                                                                      Depreciation (6,079)                                                 (5,771)                                                                    Carrying  amount  at  end  of  year 44,604                                               50,683                                                                  

Website  infrastructureCarrying  amount  at  beginning  of  year 23,892                                               3,801                                                                      Additions 79,860                                               25,000                                                                  Depreciation (23,146)                                           (4,909)                                                                    Carrying  amount  at  end  of  year 80,606                                               23,892                                                                  

Motor  vehiclesCarrying  amount  at  beginning  of  year 5,525                                                   36,494                                                                  Additions 7,500                                                   -­‐                                                                                Disposals -­‐                                                           (80,919)                                                                Depreciation (8,237)                                                 49,950                                                                  Carrying  amount  at  end  of  year 4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

NOTE  9:  TRADE  AND  OTHER  PAYABLESTrade  payables      (i) 222,637                                           289,212                                                              Other  payables      (ii) 190,046                                           164,850                                                              

412,683                                         454,062                                                              (i)  Trade  payables  are  non-­‐interest  bearing  and  are  normally  settled  on30  day  terms.(ii)  Other  payables  are  non-­‐interest  bearing  and  have  an  average  term  of  one  month.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  8:  PROPERTY,  PLANT  AND  EQUIPMENT

Leasehold  improvements  -­‐  cost 659,798                                           657,233                                                              Less  accumulated  depreciation (108,156)                                       (75,288)                                                                

551,642                                         581,945                                                              

Plant  and  equipment  -­‐  cost 491,856                                           429,536                                                              Less  accumulated  depreciation (373,895)                                       (315,947)                                                          

117,961                                         113,589                                                              

Furniture  and  fittings  -­‐  cost 64,246                                               64,246                                                                  Less  accumulated  depreciation (19,642)                                           (13,563)                                                                

44,604                                               50,683                                                                  

Website  infrastructure  -­‐  cost 169,143                                           89,283                                                                  Less  accumulated  depreciation (88,537)                                           (65,391)                                                                

80,606                                               23,892                                                                  

Motor  vehicles  -­‐  cost 53,784                                               46,284                                                                  Less  accumulated  depreciation (48,996)                                           (40,759)                                                                

4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

ReconciliationsLeasehold  improvementsCarrying  amount  at  beginning  of  year 581,945                                           985,848                                                              Additions 2,565                                                   7,230                                                                      Disposals -­‐                                                           (515,464)                                                          Depreciation (32,868)                                           104,331                                                              Carrying  amount  at  end  of  year 551,642                                         581,945                                                              

Plant  and  equipmentCarrying  amount  at  beginning  of  year 113,589                                           151,875                                                              Additions 70,204                                               35,110                                                                  Disposals (7,884)                                                 (20,606)                                                                Depreciation (57,948)                                           (52,790)                                                                Carrying  amount  at  end  of  year 117,961                                         113,589                                                              

Furniture  and  fittingsCarrying  amount  at  beginning  of  year 50,683                                               49,534                                                                  Additions -­‐                                                           6,920                                                                      Depreciation (6,079)                                                 (5,771)                                                                    Carrying  amount  at  end  of  year 44,604                                               50,683                                                                  

Website  infrastructureCarrying  amount  at  beginning  of  year 23,892                                               3,801                                                                      Additions 79,860                                               25,000                                                                  Depreciation (23,146)                                           (4,909)                                                                    Carrying  amount  at  end  of  year 80,606                                               23,892                                                                  

Motor  vehiclesCarrying  amount  at  beginning  of  year 5,525                                                   36,494                                                                  Additions 7,500                                                   -­‐                                                                                Disposals -­‐                                                           (80,919)                                                                Depreciation (8,237)                                                 49,950                                                                  Carrying  amount  at  end  of  year 4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

NOTE  9:  TRADE  AND  OTHER  PAYABLESTrade  payables      (i) 222,637                                           289,212                                                              Other  payables      (ii) 190,046                                           164,850                                                              

412,683                                         454,062                                                              (i)  Trade  payables  are  non-­‐interest  bearing  and  are  normally  settled  on30  day  terms.(ii)  Other  payables  are  non-­‐interest  bearing  and  have  an  average  term  of  one  month.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  8:  PROPERTY,  PLANT  AND  EQUIPMENT

Leasehold  improvements  -­‐  cost 659,798                                           657,233                                                              Less  accumulated  depreciation (108,156)                                       (75,288)                                                                

551,642                                         581,945                                                              

Plant  and  equipment  -­‐  cost 491,856                                           429,536                                                              Less  accumulated  depreciation (373,895)                                       (315,947)                                                          

117,961                                         113,589                                                              

Furniture  and  fittings  -­‐  cost 64,246                                               64,246                                                                  Less  accumulated  depreciation (19,642)                                           (13,563)                                                                

44,604                                               50,683                                                                  

Website  infrastructure  -­‐  cost 169,143                                           89,283                                                                  Less  accumulated  depreciation (88,537)                                           (65,391)                                                                

80,606                                               23,892                                                                  

Motor  vehicles  -­‐  cost 53,784                                               46,284                                                                  Less  accumulated  depreciation (48,996)                                           (40,759)                                                                

4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

ReconciliationsLeasehold  improvementsCarrying  amount  at  beginning  of  year 581,945                                           985,848                                                              Additions 2,565                                                   7,230                                                                      Disposals -­‐                                                           (515,464)                                                          Depreciation (32,868)                                           104,331                                                              Carrying  amount  at  end  of  year 551,642                                         581,945                                                              

Plant  and  equipmentCarrying  amount  at  beginning  of  year 113,589                                           151,875                                                              Additions 70,204                                               35,110                                                                  Disposals (7,884)                                                 (20,606)                                                                Depreciation (57,948)                                           (52,790)                                                                Carrying  amount  at  end  of  year 117,961                                         113,589                                                              

Furniture  and  fittingsCarrying  amount  at  beginning  of  year 50,683                                               49,534                                                                  Additions -­‐                                                           6,920                                                                      Depreciation (6,079)                                                 (5,771)                                                                    Carrying  amount  at  end  of  year 44,604                                               50,683                                                                  

Website  infrastructureCarrying  amount  at  beginning  of  year 23,892                                               3,801                                                                      Additions 79,860                                               25,000                                                                  Depreciation (23,146)                                           (4,909)                                                                    Carrying  amount  at  end  of  year 80,606                                               23,892                                                                  

Motor  vehiclesCarrying  amount  at  beginning  of  year 5,525                                                   36,494                                                                  Additions 7,500                                                   -­‐                                                                                Disposals -­‐                                                           (80,919)                                                                Depreciation (8,237)                                                 49,950                                                                  Carrying  amount  at  end  of  year 4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

NOTE  9:  TRADE  AND  OTHER  PAYABLESTrade  payables      (i) 222,637                                           289,212                                                              Other  payables      (ii) 190,046                                           164,850                                                              

412,683                                         454,062                                                              (i)  Trade  payables  are  non-­‐interest  bearing  and  are  normally  settled  on30  day  terms.(ii)  Other  payables  are  non-­‐interest  bearing  and  have  an  average  term  of  one  month.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  8:  PROPERTY,  PLANT  AND  EQUIPMENT

Leasehold  improvements  -­‐  cost 659,798                                           657,233                                                              Less  accumulated  depreciation (108,156)                                       (75,288)                                                                

551,642                                         581,945                                                              

Plant  and  equipment  -­‐  cost 491,856                                           429,536                                                              Less  accumulated  depreciation (373,895)                                       (315,947)                                                          

117,961                                         113,589                                                              

Furniture  and  fittings  -­‐  cost 64,246                                               64,246                                                                  Less  accumulated  depreciation (19,642)                                           (13,563)                                                                

44,604                                               50,683                                                                  

Website  infrastructure  -­‐  cost 169,143                                           89,283                                                                  Less  accumulated  depreciation (88,537)                                           (65,391)                                                                

80,606                                               23,892                                                                  

Motor  vehicles  -­‐  cost 53,784                                               46,284                                                                  Less  accumulated  depreciation (48,996)                                           (40,759)                                                                

4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

ReconciliationsLeasehold  improvementsCarrying  amount  at  beginning  of  year 581,945                                           985,848                                                              Additions 2,565                                                   7,230                                                                      Disposals -­‐                                                           (515,464)                                                          Depreciation (32,868)                                           104,331                                                              Carrying  amount  at  end  of  year 551,642                                         581,945                                                              

Plant  and  equipmentCarrying  amount  at  beginning  of  year 113,589                                           151,875                                                              Additions 70,204                                               35,110                                                                  Disposals (7,884)                                                 (20,606)                                                                Depreciation (57,948)                                           (52,790)                                                                Carrying  amount  at  end  of  year 117,961                                         113,589                                                              

Furniture  and  fittingsCarrying  amount  at  beginning  of  year 50,683                                               49,534                                                                  Additions -­‐                                                           6,920                                                                      Depreciation (6,079)                                                 (5,771)                                                                    Carrying  amount  at  end  of  year 44,604                                               50,683                                                                  

Website  infrastructureCarrying  amount  at  beginning  of  year 23,892                                               3,801                                                                      Additions 79,860                                               25,000                                                                  Depreciation (23,146)                                           (4,909)                                                                    Carrying  amount  at  end  of  year 80,606                                               23,892                                                                  

Motor  vehiclesCarrying  amount  at  beginning  of  year 5,525                                                   36,494                                                                  Additions 7,500                                                   -­‐                                                                                Disposals -­‐                                                           (80,919)                                                                Depreciation (8,237)                                                 49,950                                                                  Carrying  amount  at  end  of  year 4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

NOTE  9:  TRADE  AND  OTHER  PAYABLESTrade  payables      (i) 222,637                                           289,212                                                              Other  payables      (ii) 190,046                                           164,850                                                              

412,683                                         454,062                                                              (i)  Trade  payables  are  non-­‐interest  bearing  and  are  normally  settled  on30  day  terms.(ii)  Other  payables  are  non-­‐interest  bearing  and  have  an  average  term  of  one  month.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  8:  PROPERTY,  PLANT  AND  EQUIPMENT

Leasehold  improvements  -­‐  cost 659,798                                           657,233                                                              Less  accumulated  depreciation (108,156)                                       (75,288)                                                                

551,642                                         581,945                                                              

Plant  and  equipment  -­‐  cost 491,856                                           429,536                                                              Less  accumulated  depreciation (373,895)                                       (315,947)                                                          

117,961                                         113,589                                                              

Furniture  and  fittings  -­‐  cost 64,246                                               64,246                                                                  Less  accumulated  depreciation (19,642)                                           (13,563)                                                                

44,604                                               50,683                                                                  

Website  infrastructure  -­‐  cost 169,143                                           89,283                                                                  Less  accumulated  depreciation (88,537)                                           (65,391)                                                                

80,606                                               23,892                                                                  

Motor  vehicles  -­‐  cost 53,784                                               46,284                                                                  Less  accumulated  depreciation (48,996)                                           (40,759)                                                                

4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

ReconciliationsLeasehold  improvementsCarrying  amount  at  beginning  of  year 581,945                                           985,848                                                              Additions 2,565                                                   7,230                                                                      Disposals -­‐                                                           (515,464)                                                          Depreciation (32,868)                                           104,331                                                              Carrying  amount  at  end  of  year 551,642                                         581,945                                                              

Plant  and  equipmentCarrying  amount  at  beginning  of  year 113,589                                           151,875                                                              Additions 70,204                                               35,110                                                                  Disposals (7,884)                                                 (20,606)                                                                Depreciation (57,948)                                           (52,790)                                                                Carrying  amount  at  end  of  year 117,961                                         113,589                                                              

Furniture  and  fittingsCarrying  amount  at  beginning  of  year 50,683                                               49,534                                                                  Additions -­‐                                                           6,920                                                                      Depreciation (6,079)                                                 (5,771)                                                                    Carrying  amount  at  end  of  year 44,604                                               50,683                                                                  

Website  infrastructureCarrying  amount  at  beginning  of  year 23,892                                               3,801                                                                      Additions 79,860                                               25,000                                                                  Depreciation (23,146)                                           (4,909)                                                                    Carrying  amount  at  end  of  year 80,606                                               23,892                                                                  

Motor  vehiclesCarrying  amount  at  beginning  of  year 5,525                                                   36,494                                                                  Additions 7,500                                                   -­‐                                                                                Disposals -­‐                                                           (80,919)                                                                Depreciation (8,237)                                                 49,950                                                                  Carrying  amount  at  end  of  year 4,788                                                   5,525                                                                      

Total  property  plant  and  equipment 799,601                                         775,634                                                              

NOTE  9:  TRADE  AND  OTHER  PAYABLESTrade  payables      (i) 222,637                                           289,212                                                              Other  payables      (ii) 190,046                                           164,850                                                              

412,683                                         454,062                                                              (i)  Trade  payables  are  non-­‐interest  bearing  and  are  normally  settled  on30  day  terms.(ii)  Other  payables  are  non-­‐interest  bearing  and  have  an  average  term  of  one  month.

2014 2013$ $

NOTE  2:  REVENUE  AND  OTHER  INCOMEa) Revenue  -­‐  Commercial  services 10,209,025                               11,400,750    -­‐  Community  rugby 1,023,263   896,747    -­‐  Professional  rugby 4,295,903   4,317,030    -­‐  Corporate  services 355,470   59,077    -­‐  Future  Force  Foundation  Ltd  -­‐  grant 59,450   -­‐    -­‐  Interest  received 25,108   60,663  

15,968,219                               16,734,266  b) Other  income  -­‐  Grants  received 500,000   -­‐  

500,000   -­‐  

NOTE  3a:  OPERATING  EXPENDITUREIncluded  within  the  categories  of  operating  expenditure  are  the  following  specific  expenses:

Finance  costsBank  charges 44,341   45,902  

44,341   45,902  Depreciation  expenseDepreciation 136,162   152,284  

136,162   152,284  Employee  benefits  expenseWages  and  salaries 7,894,938   7,776,875  Superannuation 689,595   650,241  

8,584,533                                   8,427,116  

NOTE  3b:  STADIUM  INFRASTRUCTURE  EXPENDITUREInterest  on  loans 83,798   108,911  

83,798   108,911  

NOTE  4:  CASH  AND  CASH  EQUIVALENTSCash  at  bank      (i) 530,675   1,184,300  Term  deposits    (ii) 62,778   767,953  

593,453   1,952,253  (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  andthree  months,  depending  on  the  immediate  cash  requirements  of  the  Associationand  earn  interest  at  the  respective  short-­‐term  deposit  rates.

NOTE  5:  TRADE  AND  OTHER  RECEIVABLESCurrentTrade  debtors      (i) 991,635   366,002  Allowance  for  doubtful  debt -­‐   (24,546)  Bonds  (non  interest  bearing) 5,360   10,360  

996,995   351,816  

(i)  Trade  receivables  are  non-­‐interest  bearing  and  are  generally  on  30-­‐90  dayterms.    An  allowance  for  doubtful  debts  is  made  when  there  is  objectiveevidence  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  thatare  for  hospitality  will  have  access  withheld  until  payment  is  received  and  as  suchall  receivables  other  than  those  specifically  provided  for  are  considered  fully  recoverable.

NOTE  6:  INVENTORIESAt  cost 75,470   22,896  

75,470   22,896  

NOTE  7:  OTHER  CURRENT  ASSETSDeferred  costs 71,813   82,149  Prepayments 52,624   -­‐  

124,437   82,149  

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR

ENDED  31  DECEMBER  2014

Page 58: RugbyWA Annual Report 2014

58 RUGBYWA 2014 ANNUAL REPORT

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  10:  UNEARNED  REVENUEUnearned  membership  revenue 1,732,509                                   1,617,774                                                      Unearned  corporate  hospitality  revenue 1,027,546                                   1,108,457                                                      Unearned  sponsorship  revenue 416,000                                           -­‐                                                                                Unearned  sponsorship/event  revenue 14,965                                               39,691                                                                  

3,191,020                                   2,765,922                                                      Revenue  is  recognised  in  accordance  with  accounting  policy  in  note  1(d)

NOTE  11:  EMPLOYEE  ENTITLEMENTSCurrentEmployee  entitlements 254,905                                           167,228                                                              

254,905                                         167,228                                                              

Non  currentEmployee  entitlements 189,310                                           155,880                                                              

189,310                                         155,880                                                              

ReconciliationsOpening  balance 323,108                                           342,060                                                              Charge  for  year 378,693                                           309,606                                                              Utilised (257,586)                                       (328,558)                                                          As  at  31  December   444,215                                         323,108                                                              

NOTE  12:  NON-­‐INTEREST  BEARING  LOANS  AND  BORROWINGSCurrentWA  Government  loan  (i) 320,000                                           320,000                                                              Force15  Foundation  (ii) -­‐                                                           66,500                                                                  

320,000                                         386,500                                                              

Non  currentWA  Government  loan  (i) 806,327                                           1,051,246                                                      Force15  Foundation  (ii) -­‐                                                           185,998                                                              

806,327                                         1,237,244                                                      (i)  WA  Government  loan  is  an  unsecured  interest  free  loan  from  the  Western  Australian  Government  for  the  term  of  8  years,  ending  30  June  2017.

(ii)  Force15  Foundation  loan  was  an  interest  free  loan  from  the  Force15  Foundation  (Inc.)and  was  fully  forgiven  in  2014.

(iii)  The  carrying  amount  of  the  Association's  current  and  non-­‐current  borrowings  approximate  their  fair  value.

NOTE  13:  MEMBERS'  FUNDSAccumulated  deficitBalance  at  beginning  of  year (1,982,088)                                 (821,598)                                                          Add:  Deficit  for  the  year (602,201)                                       (1,160,490)                                                    Balance  at  end  of  year (2,584,289)                                 (1,982,088)                                                    

NOTE  14:  CASH  FLOW  STATEMENT  RECONCILIATION

Reconciliation  of  surplus  to  net  cash  provided  by  operating  activities  

Net  deficit  for  the  period (602,201)                                       (1,160,490)                                                    

Add/(less)  non-­‐cash  items:

Depreciation 136,162                                           152,284                                                              Interest  charged 83,798                                               108,911                                                              Loan  forgiveness (261,215)                                       (30,000)                                                                Loss  on  disposal  of  assets -­‐                                                           102,519                                                              

Before  change  in  assets  and  liabilities (643,456)                                       (826,776)                                                          

Change  in  assets  and  liabilities  during  the  financial  period(Increase)  /  decrease  in  receivables (645,179)                                       391,112                                                              (Increase)  /  decrease  in  other  current  assets (42,288)                                           154,602                                                              (Increase)  /  decrease  in  inventories (52,574)                                           50,535                                                                  Increase  /  (decrease)  in  unearned  revenue 425,098                                           (694,832)                                                          Increase  /  (decrease)  in  payables (41,379)                                           (229,989)                                                          Increase  /  (decrease)  in  employee  entitlements 121,107                                           (18,952)                                                                Net  cash  provided  by  operating  activities (878,671)                                       (1,174,300)                                                    

2014 2013$ $

NOTE  2:  REVENUE  AND  OTHER  INCOMEa) Revenue  -­‐  Commercial  services 10,209,025                               11,400,750    -­‐  Community  rugby 1,023,263   896,747    -­‐  Professional  rugby 4,295,903   4,317,030    -­‐  Corporate  services 355,470   59,077    -­‐  Future  Force  Foundation  Ltd  -­‐  grant 59,450   -­‐    -­‐  Interest  received 25,108   60,663  

15,968,219                               16,734,266  b) Other  income  -­‐  Grants  received 500,000   -­‐  

500,000   -­‐  

NOTE  3a:  OPERATING  EXPENDITUREIncluded  within  the  categories  of  operating  expenditure  are  the  following  specific  expenses:

Finance  costsBank  charges 44,341   45,902  

44,341   45,902  Depreciation  expenseDepreciation 136,162   152,284  

136,162   152,284  Employee  benefits  expenseWages  and  salaries 7,894,938   7,776,875  Superannuation 689,595   650,241  

8,584,533                                   8,427,116  

NOTE  3b:  STADIUM  INFRASTRUCTURE  EXPENDITUREInterest  on  loans 83,798   108,911  

83,798   108,911  

NOTE  4:  CASH  AND  CASH  EQUIVALENTSCash  at  bank      (i) 530,675   1,184,300  Term  deposits    (ii) 62,778   767,953  

593,453   1,952,253  (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  andthree  months,  depending  on  the  immediate  cash  requirements  of  the  Associationand  earn  interest  at  the  respective  short-­‐term  deposit  rates.

NOTE  5:  TRADE  AND  OTHER  RECEIVABLESCurrentTrade  debtors      (i) 991,635   366,002  Allowance  for  doubtful  debt -­‐   (24,546)  Bonds  (non  interest  bearing) 5,360   10,360  

996,995   351,816  

(i)  Trade  receivables  are  non-­‐interest  bearing  and  are  generally  on  30-­‐90  dayterms.    An  allowance  for  doubtful  debts  is  made  when  there  is  objectiveevidence  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  thatare  for  hospitality  will  have  access  withheld  until  payment  is  received  and  as  suchall  receivables  other  than  those  specifically  provided  for  are  considered  fully  recoverable.

NOTE  6:  INVENTORIESAt  cost 75,470   22,896  

75,470   22,896  

NOTE  7:  OTHER  CURRENT  ASSETSDeferred  costs 71,813   82,149  Prepayments 52,624   -­‐  

124,437   82,149  

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR

ENDED  31  DECEMBER  20142014 2013

$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  10:  UNEARNED  REVENUEUnearned  membership  revenue 1,732,509                                   1,617,774                                                      Unearned  corporate  hospitality  revenue 1,027,546                                   1,108,457                                                      Unearned  sponsorship  revenue 416,000                                           -­‐                                                                                Unearned  sponsorship/event  revenue 14,965                                               39,691                                                                  

3,191,020                                   2,765,922                                                      Revenue  is  recognised  in  accordance  with  accounting  policy  in  note  1(d)

NOTE  11:  EMPLOYEE  ENTITLEMENTSCurrentEmployee  entitlements 254,905                                           167,228                                                              

254,905                                         167,228                                                              

Non  currentEmployee  entitlements 189,310                                           155,880                                                              

189,310                                         155,880                                                              

ReconciliationsOpening  balance 323,108                                           342,060                                                              Charge  for  year 378,693                                           309,606                                                              Utilised (257,586)                                       (328,558)                                                          As  at  31  December   444,215                                         323,108                                                              

NOTE  12:  NON-­‐INTEREST  BEARING  LOANS  AND  BORROWINGSCurrentWA  Government  loan  (i) 320,000                                           320,000                                                              Force15  Foundation  (ii) -­‐                                                           66,500                                                                  

320,000                                         386,500                                                              

Non  currentWA  Government  loan  (i) 806,327                                           1,051,246                                                      Force15  Foundation  (ii) -­‐                                                           185,998                                                              

806,327                                         1,237,244                                                      (i)  WA  Government  loan  is  an  unsecured  interest  free  loan  from  the  Western  Australian  Government  for  the  term  of  8  years,  ending  30  June  2017.

(ii)  Force15  Foundation  loan  was  an  interest  free  loan  from  the  Force15  Foundation  (Inc.)and  was  fully  forgiven  in  2014.

(iii)  The  carrying  amount  of  the  Association's  current  and  non-­‐current  borrowings  approximate  their  fair  value.

NOTE  13:  MEMBERS'  FUNDSAccumulated  deficitBalance  at  beginning  of  year (1,982,088)                                 (821,598)                                                          Add:  Deficit  for  the  year (602,201)                                       (1,160,490)                                                    Balance  at  end  of  year (2,584,289)                                 (1,982,088)                                                    

NOTE  14:  CASH  FLOW  STATEMENT  RECONCILIATION

Reconciliation  of  surplus  to  net  cash  provided  by  operating  activities  

Net  deficit  for  the  period (602,201)                                       (1,160,490)                                                    

Add/(less)  non-­‐cash  items:

Depreciation 136,162                                           152,284                                                              Interest  charged 83,798                                               108,911                                                              Loan  forgiveness (261,215)                                       (30,000)                                                                Loss  on  disposal  of  assets -­‐                                                           102,519                                                              

Before  change  in  assets  and  liabilities (643,456)                                       (826,776)                                                          

Change  in  assets  and  liabilities  during  the  financial  period(Increase)  /  decrease  in  receivables (645,179)                                       391,112                                                              (Increase)  /  decrease  in  other  current  assets (42,288)                                           154,602                                                              (Increase)  /  decrease  in  inventories (52,574)                                           50,535                                                                  Increase  /  (decrease)  in  unearned  revenue 425,098                                           (694,832)                                                          Increase  /  (decrease)  in  payables (41,379)                                           (229,989)                                                          Increase  /  (decrease)  in  employee  entitlements 121,107                                           (18,952)                                                                Net  cash  provided  by  operating  activities (878,671)                                       (1,174,300)                                                    

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  10:  UNEARNED  REVENUEUnearned  membership  revenue 1,732,509                                   1,617,774                                                      Unearned  corporate  hospitality  revenue 1,027,546                                   1,108,457                                                      Unearned  sponsorship  revenue 416,000                                           -­‐                                                                                Unearned  sponsorship/event  revenue 14,965                                               39,691                                                                  

3,191,020                                   2,765,922                                                      Revenue  is  recognised  in  accordance  with  accounting  policy  in  note  1(d)

NOTE  11:  EMPLOYEE  ENTITLEMENTSCurrentEmployee  entitlements 254,905                                           167,228                                                              

254,905                                         167,228                                                              

Non  currentEmployee  entitlements 189,310                                           155,880                                                              

189,310                                         155,880                                                              

ReconciliationsOpening  balance 323,108                                           342,060                                                              Charge  for  year 378,693                                           309,606                                                              Utilised (257,586)                                       (328,558)                                                          As  at  31  December   444,215                                         323,108                                                              

NOTE  12:  NON-­‐INTEREST  BEARING  LOANS  AND  BORROWINGSCurrentWA  Government  loan  (i) 320,000                                           320,000                                                              Force15  Foundation  (ii) -­‐                                                           66,500                                                                  

320,000                                         386,500                                                              

Non  currentWA  Government  loan  (i) 806,327                                           1,051,246                                                      Force15  Foundation  (ii) -­‐                                                           185,998                                                              

806,327                                         1,237,244                                                      (i)  WA  Government  loan  is  an  unsecured  interest  free  loan  from  the  Western  Australian  Government  for  the  term  of  8  years,  ending  30  June  2017.

(ii)  Force15  Foundation  loan  was  an  interest  free  loan  from  the  Force15  Foundation  (Inc.)and  was  fully  forgiven  in  2014.

(iii)  The  carrying  amount  of  the  Association's  current  and  non-­‐current  borrowings  approximate  their  fair  value.

NOTE  13:  MEMBERS'  FUNDSAccumulated  deficitBalance  at  beginning  of  year (1,982,088)                                 (821,598)                                                          Add:  Deficit  for  the  year (602,201)                                       (1,160,490)                                                    Balance  at  end  of  year (2,584,289)                                 (1,982,088)                                                    

NOTE  14:  CASH  FLOW  STATEMENT  RECONCILIATION

Reconciliation  of  surplus  to  net  cash  provided  by  operating  activities  

Net  deficit  for  the  period (602,201)                                       (1,160,490)                                                    

Add/(less)  non-­‐cash  items:

Depreciation 136,162                                           152,284                                                              Interest  charged 83,798                                               108,911                                                              Loan  forgiveness (261,215)                                       (30,000)                                                                Loss  on  disposal  of  assets -­‐                                                           102,519                                                              

Before  change  in  assets  and  liabilities (643,456)                                       (826,776)                                                          

Change  in  assets  and  liabilities  during  the  financial  period(Increase)  /  decrease  in  receivables (645,179)                                       391,112                                                              (Increase)  /  decrease  in  other  current  assets (42,288)                                           154,602                                                              (Increase)  /  decrease  in  inventories (52,574)                                           50,535                                                                  Increase  /  (decrease)  in  unearned  revenue 425,098                                           (694,832)                                                          Increase  /  (decrease)  in  payables (41,379)                                           (229,989)                                                          Increase  /  (decrease)  in  employee  entitlements 121,107                                           (18,952)                                                                Net  cash  provided  by  operating  activities (878,671)                                       (1,174,300)                                                    

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  10:  UNEARNED  REVENUEUnearned  membership  revenue 1,732,509                                   1,617,774                                                      Unearned  corporate  hospitality  revenue 1,027,546                                   1,108,457                                                      Unearned  sponsorship  revenue 416,000                                           -­‐                                                                                Unearned  sponsorship/event  revenue 14,965                                               39,691                                                                  

3,191,020                                   2,765,922                                                      Revenue  is  recognised  in  accordance  with  accounting  policy  in  note  1(d)

NOTE  11:  EMPLOYEE  ENTITLEMENTSCurrentEmployee  entitlements 254,905                                           167,228                                                              

254,905                                         167,228                                                              

Non  currentEmployee  entitlements 189,310                                           155,880                                                              

189,310                                         155,880                                                              

ReconciliationsOpening  balance 323,108                                           342,060                                                              Charge  for  year 378,693                                           309,606                                                              Utilised (257,586)                                       (328,558)                                                          As  at  31  December   444,215                                         323,108                                                              

NOTE  12:  NON-­‐INTEREST  BEARING  LOANS  AND  BORROWINGSCurrentWA  Government  loan  (i) 320,000                                           320,000                                                              Force15  Foundation  (ii) -­‐                                                           66,500                                                                  

320,000                                         386,500                                                              

Non  currentWA  Government  loan  (i) 806,327                                           1,051,246                                                      Force15  Foundation  (ii) -­‐                                                           185,998                                                              

806,327                                         1,237,244                                                      (i)  WA  Government  loan  is  an  unsecured  interest  free  loan  from  the  Western  Australian  Government  for  the  term  of  8  years,  ending  30  June  2017.

(ii)  Force15  Foundation  loan  was  an  interest  free  loan  from  the  Force15  Foundation  (Inc.)and  was  fully  forgiven  in  2014.

(iii)  The  carrying  amount  of  the  Association's  current  and  non-­‐current  borrowings  approximate  their  fair  value.

NOTE  13:  MEMBERS'  FUNDSAccumulated  deficitBalance  at  beginning  of  year (1,982,088)                                 (821,598)                                                          Add:  Deficit  for  the  year (602,201)                                       (1,160,490)                                                    Balance  at  end  of  year (2,584,289)                                 (1,982,088)                                                    

NOTE  14:  CASH  FLOW  STATEMENT  RECONCILIATION

Reconciliation  of  surplus  to  net  cash  provided  by  operating  activities  

Net  deficit  for  the  period (602,201)                                       (1,160,490)                                                    

Add/(less)  non-­‐cash  items:

Depreciation 136,162                                           152,284                                                              Interest  charged 83,798                                               108,911                                                              Loan  forgiveness (261,215)                                       (30,000)                                                                Loss  on  disposal  of  assets -­‐                                                           102,519                                                              

Before  change  in  assets  and  liabilities (643,456)                                       (826,776)                                                          

Change  in  assets  and  liabilities  during  the  financial  period(Increase)  /  decrease  in  receivables (645,179)                                       391,112                                                              (Increase)  /  decrease  in  other  current  assets (42,288)                                           154,602                                                              (Increase)  /  decrease  in  inventories (52,574)                                           50,535                                                                  Increase  /  (decrease)  in  unearned  revenue 425,098                                           (694,832)                                                          Increase  /  (decrease)  in  payables (41,379)                                           (229,989)                                                          Increase  /  (decrease)  in  employee  entitlements 121,107                                           (18,952)                                                                Net  cash  provided  by  operating  activities (878,671)                                       (1,174,300)                                                    

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  10:  UNEARNED  REVENUEUnearned  membership  revenue 1,732,509                                   1,617,774                                                      Unearned  corporate  hospitality  revenue 1,027,546                                   1,108,457                                                      Unearned  sponsorship  revenue 416,000                                           -­‐                                                                                Unearned  sponsorship/event  revenue 14,965                                               39,691                                                                  

3,191,020                                   2,765,922                                                      Revenue  is  recognised  in  accordance  with  accounting  policy  in  note  1(d)

NOTE  11:  EMPLOYEE  ENTITLEMENTSCurrentEmployee  entitlements 254,905                                           167,228                                                              

254,905                                         167,228                                                              

Non  currentEmployee  entitlements 189,310                                           155,880                                                              

189,310                                         155,880                                                              

ReconciliationsOpening  balance 323,108                                           342,060                                                              Charge  for  year 378,693                                           309,606                                                              Utilised (257,586)                                       (328,558)                                                          As  at  31  December   444,215                                         323,108                                                              

NOTE  12:  NON-­‐INTEREST  BEARING  LOANS  AND  BORROWINGSCurrentWA  Government  loan  (i) 320,000                                           320,000                                                              Force15  Foundation  (ii) -­‐                                                           66,500                                                                  

320,000                                         386,500                                                              

Non  currentWA  Government  loan  (i) 806,327                                           1,051,246                                                      Force15  Foundation  (ii) -­‐                                                           185,998                                                              

806,327                                         1,237,244                                                      (i)  WA  Government  loan  is  an  unsecured  interest  free  loan  from  the  Western  Australian  Government  for  the  term  of  8  years,  ending  30  June  2017.

(ii)  Force15  Foundation  loan  was  an  interest  free  loan  from  the  Force15  Foundation  (Inc.)and  was  fully  forgiven  in  2014.

(iii)  The  carrying  amount  of  the  Association's  current  and  non-­‐current  borrowings  approximate  their  fair  value.

NOTE  13:  MEMBERS'  FUNDSAccumulated  deficitBalance  at  beginning  of  year (1,982,088)                                 (821,598)                                                          Add:  Deficit  for  the  year (602,201)                                       (1,160,490)                                                    Balance  at  end  of  year (2,584,289)                                 (1,982,088)                                                    

NOTE  14:  CASH  FLOW  STATEMENT  RECONCILIATION

Reconciliation  of  surplus  to  net  cash  provided  by  operating  activities  

Net  deficit  for  the  period (602,201)                                       (1,160,490)                                                    

Add/(less)  non-­‐cash  items:

Depreciation 136,162                                           152,284                                                              Interest  charged 83,798                                               108,911                                                              Loan  forgiveness (261,215)                                       (30,000)                                                                Loss  on  disposal  of  assets -­‐                                                           102,519                                                              

Before  change  in  assets  and  liabilities (643,456)                                       (826,776)                                                          

Change  in  assets  and  liabilities  during  the  financial  period(Increase)  /  decrease  in  receivables (645,179)                                       391,112                                                              (Increase)  /  decrease  in  other  current  assets (42,288)                                           154,602                                                              (Increase)  /  decrease  in  inventories (52,574)                                           50,535                                                                  Increase  /  (decrease)  in  unearned  revenue 425,098                                           (694,832)                                                          Increase  /  (decrease)  in  payables (41,379)                                           (229,989)                                                          Increase  /  (decrease)  in  employee  entitlements 121,107                                           (18,952)                                                                Net  cash  provided  by  operating  activities (878,671)                                       (1,174,300)                                                    

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  10:  UNEARNED  REVENUEUnearned  membership  revenue 1,732,509                                   1,617,774                                                      Unearned  corporate  hospitality  revenue 1,027,546                                   1,108,457                                                      Unearned  sponsorship  revenue 416,000                                           -­‐                                                                                Unearned  sponsorship/event  revenue 14,965                                               39,691                                                                  

3,191,020                                   2,765,922                                                      Revenue  is  recognised  in  accordance  with  accounting  policy  in  note  1(d)

NOTE  11:  EMPLOYEE  ENTITLEMENTSCurrentEmployee  entitlements 254,905                                           167,228                                                              

254,905                                         167,228                                                              

Non  currentEmployee  entitlements 189,310                                           155,880                                                              

189,310                                         155,880                                                              

ReconciliationsOpening  balance 323,108                                           342,060                                                              Charge  for  year 378,693                                           309,606                                                              Utilised (257,586)                                       (328,558)                                                          As  at  31  December   444,215                                         323,108                                                              

NOTE  12:  NON-­‐INTEREST  BEARING  LOANS  AND  BORROWINGSCurrentWA  Government  loan  (i) 320,000                                           320,000                                                              Force15  Foundation  (ii) -­‐                                                           66,500                                                                  

320,000                                         386,500                                                              

Non  currentWA  Government  loan  (i) 806,327                                           1,051,246                                                      Force15  Foundation  (ii) -­‐                                                           185,998                                                              

806,327                                         1,237,244                                                      (i)  WA  Government  loan  is  an  unsecured  interest  free  loan  from  the  Western  Australian  Government  for  the  term  of  8  years,  ending  30  June  2017.

(ii)  Force15  Foundation  loan  was  an  interest  free  loan  from  the  Force15  Foundation  (Inc.)and  was  fully  forgiven  in  2014.

(iii)  The  carrying  amount  of  the  Association's  current  and  non-­‐current  borrowings  approximate  their  fair  value.

NOTE  13:  MEMBERS'  FUNDSAccumulated  deficitBalance  at  beginning  of  year (1,982,088)                                 (821,598)                                                          Add:  Deficit  for  the  year (602,201)                                       (1,160,490)                                                    Balance  at  end  of  year (2,584,289)                                 (1,982,088)                                                    

NOTE  14:  CASH  FLOW  STATEMENT  RECONCILIATION

Reconciliation  of  surplus  to  net  cash  provided  by  operating  activities  

Net  deficit  for  the  period (602,201)                                       (1,160,490)                                                    

Add/(less)  non-­‐cash  items:

Depreciation 136,162                                           152,284                                                              Interest  charged 83,798                                               108,911                                                              Loan  forgiveness (261,215)                                       (30,000)                                                                Loss  on  disposal  of  assets -­‐                                                           102,519                                                              

Before  change  in  assets  and  liabilities (643,456)                                       (826,776)                                                          

Change  in  assets  and  liabilities  during  the  financial  period(Increase)  /  decrease  in  receivables (645,179)                                       391,112                                                              (Increase)  /  decrease  in  other  current  assets (42,288)                                           154,602                                                              (Increase)  /  decrease  in  inventories (52,574)                                           50,535                                                                  Increase  /  (decrease)  in  unearned  revenue 425,098                                           (694,832)                                                          Increase  /  (decrease)  in  payables (41,379)                                           (229,989)                                                          Increase  /  (decrease)  in  employee  entitlements 121,107                                           (18,952)                                                                Net  cash  provided  by  operating  activities (878,671)                                       (1,174,300)                                                    

Page 59: RugbyWA Annual Report 2014

59RUGBYWA 2014 ANNUAL REPORT

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  15:  SEGMENT  INFORMATION

The  Association  operates  solely  within  the  Sporting  Industry  of  Australia.

NOTE  16:  EXPENDITURE  COMMITMENTSOperating  LeasesThe  Association  has  entered  into  the  following  commercial  leases:-­‐

BuildingThis  lease  has  an  initial  date  of  expiry  on  the  30  June  2016,  with  a  further  3  options  on  30  June  2021,  30  June  2026  and  30  June  2031.    

As  at  the  31  December  there  was  no  intention  to  move  from  these  premises.There  are  no  restrictions  placed  upon  the  lessees  business  operations  by  enteringinto  these  leases.

Future  rentals  payable  under  this  lease  as  at  31  December  2014  are  as  follows:

Within  one  year 150,221                                           145,830                                                              After  one  year  but  not  more  than  five  years 652,603                                           631,572                                                              More  than  five  years 2,432,101                                   2,603,354                                                      

3,234,925                                   3,380,756                                                      

The  Association  has  a  contractual  obligation  to  pay  back  the  interest  free  loans.

Within  one  year 320,000                                           386,500                                                              After  one  year  but  not  more  than  five  years 919,998                                           1,502,325                                                      After  more  than  five  years -­‐                                                           -­‐                                                                                

1,239,998                                   1,888,825                                                      

NOTE  17:  RELATED  PARTY  DISCLOSURES

Members  of  the  BoardThe  names  of  each  person  holding  the  position  of  Board  Member  of  the  Association  during  thefinancial  year  were:

R  Perry  (Chairman),  I  Cochrane,    L  Davies,  J  Edwards,  C  Fear,  S  Fink,  M  Fulker,  K  Gallagher,  A  Howarth,  D  Redpath,  H  Sauer,  S  Staniforth,  B  Stewart,  D  Vaux

The  following  related  party  transactions  occurred  during  the  year  -­‐  A  Howarth  was  the  Chairman  of  St  John  of  God  Hospital  and  Mermaid  MarineFront  of  jersey  partnership  -­‐  B  Stewart  was  the  Chairman  of  WorkFocus  AustraliaFront  of  jersey  partnership

Terms  and  conditions  of  transactions  with  related  partiesSales  to  and  purchases  from  related  parties  are  made  in  arms  length  transactions  both  atnormal  market  prices  and  on  normal  commercial  terms.

NOTE  18:  KEY  MANAGEMENT  PERSONNEL  DISCLOSURES

(i)  Details  of  Key  Management  PersonnelKey  management  personnel  of  the  association  during  the  financial  year  were:

M  Calverley,  M  Foley,    A  Hill,  E  Manawaiti,  M  Sinderberry,  N  Smith,  M  Wilson

Total  income  paid  or  payable  including  termination  payments  and  long  service  leave,or  otherwise  made  available  to  all  key  management  personnel  of  Western  AustralianRugby  Union  (Inc.)  in  respect  of  the  management  of  affairs  of  the  association 1,230,016 1,319,732

There  have  been  no  transactions  and  balances  with  key  management  personneland  their  related  parties  during  the  year.

NOTE  19:  REMUNERATION  OF  AUDITORS

The  auditor  of  Western  Australian  Rugby  Union  (Inc.)  is  Ernst  &  Young  

Amounts  received  or  due  and  receivable  by  Ernst  &  Young  (Australia)  for:*  an  audit  or  review  of  the  financial  report  of  the  entity   20,000 38,500*  taxation  advice 4,532 -­‐

NOTE  20:  SUBSEQUENT  EVENTS

Subsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecuredinterest  free  loan  to  underpin  the  2015  cashflow.

2014 2013$ $

NOTE  2:  REVENUE  AND  OTHER  INCOMEa) Revenue  -­‐  Commercial  services 10,209,025                               11,400,750    -­‐  Community  rugby 1,023,263   896,747    -­‐  Professional  rugby 4,295,903   4,317,030    -­‐  Corporate  services 355,470   59,077    -­‐  Future  Force  Foundation  Ltd  -­‐  grant 59,450   -­‐    -­‐  Interest  received 25,108   60,663  

15,968,219                               16,734,266  b) Other  income  -­‐  Grants  received 500,000   -­‐  

500,000   -­‐  

NOTE  3a:  OPERATING  EXPENDITUREIncluded  within  the  categories  of  operating  expenditure  are  the  following  specific  expenses:

Finance  costsBank  charges 44,341   45,902  

44,341   45,902  Depreciation  expenseDepreciation 136,162   152,284  

136,162   152,284  Employee  benefits  expenseWages  and  salaries 7,894,938   7,776,875  Superannuation 689,595   650,241  

8,584,533                                   8,427,116  

NOTE  3b:  STADIUM  INFRASTRUCTURE  EXPENDITUREInterest  on  loans 83,798   108,911  

83,798   108,911  

NOTE  4:  CASH  AND  CASH  EQUIVALENTSCash  at  bank      (i) 530,675   1,184,300  Term  deposits    (ii) 62,778   767,953  

593,453   1,952,253  (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  andthree  months,  depending  on  the  immediate  cash  requirements  of  the  Associationand  earn  interest  at  the  respective  short-­‐term  deposit  rates.

NOTE  5:  TRADE  AND  OTHER  RECEIVABLESCurrentTrade  debtors      (i) 991,635   366,002  Allowance  for  doubtful  debt -­‐   (24,546)  Bonds  (non  interest  bearing) 5,360   10,360  

996,995   351,816  

(i)  Trade  receivables  are  non-­‐interest  bearing  and  are  generally  on  30-­‐90  dayterms.    An  allowance  for  doubtful  debts  is  made  when  there  is  objectiveevidence  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  thatare  for  hospitality  will  have  access  withheld  until  payment  is  received  and  as  suchall  receivables  other  than  those  specifically  provided  for  are  considered  fully  recoverable.

NOTE  6:  INVENTORIESAt  cost 75,470   22,896  

75,470   22,896  

NOTE  7:  OTHER  CURRENT  ASSETSDeferred  costs 71,813   82,149  Prepayments 52,624   -­‐  

124,437   82,149  

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR

ENDED  31  DECEMBER  20142014 2013

$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  15:  SEGMENT  INFORMATION

The  Association  operates  solely  within  the  Sporting  Industry  of  Australia.

NOTE  16:  EXPENDITURE  COMMITMENTSOperating  LeasesThe  Association  has  entered  into  the  following  commercial  leases:-­‐

BuildingThis  lease  has  an  initial  date  of  expiry  on  the  30  June  2016,  with  a  further  3  options  on  30  June  2021,  30  June  2026  and  30  June  2031.    

As  at  the  31  December  there  was  no  intention  to  move  from  these  premises.There  are  no  restrictions  placed  upon  the  lessees  business  operations  by  enteringinto  these  leases.

Future  rentals  payable  under  this  lease  as  at  31  December  2014  are  as  follows:

Within  one  year 150,221                                           145,830                                                              After  one  year  but  not  more  than  five  years 652,603                                           631,572                                                              More  than  five  years 2,432,101                                   2,603,354                                                      

3,234,925                                   3,380,756                                                      

The  Association  has  a  contractual  obligation  to  pay  back  the  interest  free  loans.

Within  one  year 320,000                                           386,500                                                              After  one  year  but  not  more  than  five  years 919,998                                           1,502,325                                                      After  more  than  five  years -­‐                                                           -­‐                                                                                

1,239,998                                   1,888,825                                                      

NOTE  17:  RELATED  PARTY  DISCLOSURES

Members  of  the  BoardThe  names  of  each  person  holding  the  position  of  Board  Member  of  the  Association  during  thefinancial  year  were:

R  Perry  (Chairman),  I  Cochrane,    L  Davies,  J  Edwards,  C  Fear,  S  Fink,  M  Fulker,  K  Gallagher,  A  Howarth,  D  Redpath,  H  Sauer,  S  Staniforth,  B  Stewart,  D  Vaux

The  following  related  party  transactions  occurred  during  the  year  -­‐  A  Howarth  was  the  Chairman  of  St  John  of  God  Hospital  and  Mermaid  MarineFront  of  jersey  partnership  -­‐  B  Stewart  was  the  Chairman  of  WorkFocus  AustraliaFront  of  jersey  partnership

Terms  and  conditions  of  transactions  with  related  partiesSales  to  and  purchases  from  related  parties  are  made  in  arms  length  transactions  both  atnormal  market  prices  and  on  normal  commercial  terms.

NOTE  18:  KEY  MANAGEMENT  PERSONNEL  DISCLOSURES

(i)  Details  of  Key  Management  PersonnelKey  management  personnel  of  the  association  during  the  financial  year  were:

M  Calverley,  M  Foley,    A  Hill,  E  Manawaiti,  M  Sinderberry,  N  Smith,  M  Wilson

Total  income  paid  or  payable  including  termination  payments  and  long  service  leave,or  otherwise  made  available  to  all  key  management  personnel  of  Western  AustralianRugby  Union  (Inc.)  in  respect  of  the  management  of  affairs  of  the  association 1,230,016 1,319,732

There  have  been  no  transactions  and  balances  with  key  management  personneland  their  related  parties  during  the  year.

NOTE  19:  REMUNERATION  OF  AUDITORS

The  auditor  of  Western  Australian  Rugby  Union  (Inc.)  is  Ernst  &  Young  

Amounts  received  or  due  and  receivable  by  Ernst  &  Young  (Australia)  for:*  an  audit  or  review  of  the  financial  report  of  the  entity   20,000 38,500*  taxation  advice 4,532 -­‐

NOTE  20:  SUBSEQUENT  EVENTS

Subsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecuredinterest  free  loan  to  underpin  the  2015  cashflow.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  15:  SEGMENT  INFORMATION

The  Association  operates  solely  within  the  Sporting  Industry  of  Australia.

NOTE  16:  EXPENDITURE  COMMITMENTSOperating  LeasesThe  Association  has  entered  into  the  following  commercial  leases:-­‐

BuildingThis  lease  has  an  initial  date  of  expiry  on  the  30  June  2016,  with  a  further  3  options  on  30  June  2021,  30  June  2026  and  30  June  2031.    

As  at  the  31  December  there  was  no  intention  to  move  from  these  premises.There  are  no  restrictions  placed  upon  the  lessees  business  operations  by  enteringinto  these  leases.

Future  rentals  payable  under  this  lease  as  at  31  December  2014  are  as  follows:

Within  one  year 150,221                                           145,830                                                              After  one  year  but  not  more  than  five  years 652,603                                           631,572                                                              More  than  five  years 2,432,101                                   2,603,354                                                      

3,234,925                                   3,380,756                                                      

The  Association  has  a  contractual  obligation  to  pay  back  the  interest  free  loans.

Within  one  year 320,000                                           386,500                                                              After  one  year  but  not  more  than  five  years 919,998                                           1,502,325                                                      After  more  than  five  years -­‐                                                           -­‐                                                                                

1,239,998                                   1,888,825                                                      

NOTE  17:  RELATED  PARTY  DISCLOSURES

Members  of  the  BoardThe  names  of  each  person  holding  the  position  of  Board  Member  of  the  Association  during  thefinancial  year  were:

R  Perry  (Chairman),  I  Cochrane,    L  Davies,  J  Edwards,  C  Fear,  S  Fink,  M  Fulker,  K  Gallagher,  A  Howarth,  D  Redpath,  H  Sauer,  S  Staniforth,  B  Stewart,  D  Vaux

The  following  related  party  transactions  occurred  during  the  year  -­‐  A  Howarth  was  the  Chairman  of  St  John  of  God  Hospital  and  Mermaid  MarineFront  of  jersey  partnership  -­‐  B  Stewart  was  the  Chairman  of  WorkFocus  AustraliaFront  of  jersey  partnership

Terms  and  conditions  of  transactions  with  related  partiesSales  to  and  purchases  from  related  parties  are  made  in  arms  length  transactions  both  atnormal  market  prices  and  on  normal  commercial  terms.

NOTE  18:  KEY  MANAGEMENT  PERSONNEL  DISCLOSURES

(i)  Details  of  Key  Management  PersonnelKey  management  personnel  of  the  association  during  the  financial  year  were:

M  Calverley,  M  Foley,    A  Hill,  E  Manawaiti,  M  Sinderberry,  N  Smith,  M  Wilson

Total  income  paid  or  payable  including  termination  payments  and  long  service  leave,or  otherwise  made  available  to  all  key  management  personnel  of  Western  AustralianRugby  Union  (Inc.)  in  respect  of  the  management  of  affairs  of  the  association 1,230,016 1,319,732

There  have  been  no  transactions  and  balances  with  key  management  personneland  their  related  parties  during  the  year.

NOTE  19:  REMUNERATION  OF  AUDITORS

The  auditor  of  Western  Australian  Rugby  Union  (Inc.)  is  Ernst  &  Young  

Amounts  received  or  due  and  receivable  by  Ernst  &  Young  (Australia)  for:*  an  audit  or  review  of  the  financial  report  of  the  entity   20,000 38,500*  taxation  advice 4,532 -­‐

NOTE  20:  SUBSEQUENT  EVENTS

Subsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecuredinterest  free  loan  to  underpin  the  2015  cashflow.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  15:  SEGMENT  INFORMATION

The  Association  operates  solely  within  the  Sporting  Industry  of  Australia.

NOTE  16:  EXPENDITURE  COMMITMENTSOperating  LeasesThe  Association  has  entered  into  the  following  commercial  leases:-­‐

BuildingThis  lease  has  an  initial  date  of  expiry  on  the  30  June  2016,  with  a  further  3  options  on  30  June  2021,  30  June  2026  and  30  June  2031.    

As  at  the  31  December  there  was  no  intention  to  move  from  these  premises.There  are  no  restrictions  placed  upon  the  lessees  business  operations  by  enteringinto  these  leases.

Future  rentals  payable  under  this  lease  as  at  31  December  2014  are  as  follows:

Within  one  year 150,221                                           145,830                                                              After  one  year  but  not  more  than  five  years 652,603                                           631,572                                                              More  than  five  years 2,432,101                                   2,603,354                                                      

3,234,925                                   3,380,756                                                      

The  Association  has  a  contractual  obligation  to  pay  back  the  interest  free  loans.

Within  one  year 320,000                                           386,500                                                              After  one  year  but  not  more  than  five  years 919,998                                           1,502,325                                                      After  more  than  five  years -­‐                                                           -­‐                                                                                

1,239,998                                   1,888,825                                                      

NOTE  17:  RELATED  PARTY  DISCLOSURES

Members  of  the  BoardThe  names  of  each  person  holding  the  position  of  Board  Member  of  the  Association  during  thefinancial  year  were:

R  Perry  (Chairman),  I  Cochrane,    L  Davies,  J  Edwards,  C  Fear,  S  Fink,  M  Fulker,  K  Gallagher,  A  Howarth,  D  Redpath,  H  Sauer,  S  Staniforth,  B  Stewart,  D  Vaux

The  following  related  party  transactions  occurred  during  the  year  -­‐  A  Howarth  was  the  Chairman  of  St  John  of  God  Hospital  and  Mermaid  MarineFront  of  jersey  partnership  -­‐  B  Stewart  was  the  Chairman  of  WorkFocus  AustraliaFront  of  jersey  partnership

Terms  and  conditions  of  transactions  with  related  partiesSales  to  and  purchases  from  related  parties  are  made  in  arms  length  transactions  both  atnormal  market  prices  and  on  normal  commercial  terms.

NOTE  18:  KEY  MANAGEMENT  PERSONNEL  DISCLOSURES

(i)  Details  of  Key  Management  PersonnelKey  management  personnel  of  the  association  during  the  financial  year  were:

M  Calverley,  M  Foley,    A  Hill,  E  Manawaiti,  M  Sinderberry,  N  Smith,  M  Wilson

Total  income  paid  or  payable  including  termination  payments  and  long  service  leave,or  otherwise  made  available  to  all  key  management  personnel  of  Western  AustralianRugby  Union  (Inc.)  in  respect  of  the  management  of  affairs  of  the  association 1,230,016 1,319,732

There  have  been  no  transactions  and  balances  with  key  management  personneland  their  related  parties  during  the  year.

NOTE  19:  REMUNERATION  OF  AUDITORS

The  auditor  of  Western  Australian  Rugby  Union  (Inc.)  is  Ernst  &  Young  

Amounts  received  or  due  and  receivable  by  Ernst  &  Young  (Australia)  for:*  an  audit  or  review  of  the  financial  report  of  the  entity   20,000 38,500*  taxation  advice 4,532 -­‐

NOTE  20:  SUBSEQUENT  EVENTS

Subsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecuredinterest  free  loan  to  underpin  the  2015  cashflow.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  15:  SEGMENT  INFORMATION

The  Association  operates  solely  within  the  Sporting  Industry  of  Australia.

NOTE  16:  EXPENDITURE  COMMITMENTSOperating  LeasesThe  Association  has  entered  into  the  following  commercial  leases:-­‐

BuildingThis  lease  has  an  initial  date  of  expiry  on  the  30  June  2016,  with  a  further  3  options  on  30  June  2021,  30  June  2026  and  30  June  2031.    

As  at  the  31  December  there  was  no  intention  to  move  from  these  premises.There  are  no  restrictions  placed  upon  the  lessees  business  operations  by  enteringinto  these  leases.

Future  rentals  payable  under  this  lease  as  at  31  December  2014  are  as  follows:

Within  one  year 150,221                                           145,830                                                              After  one  year  but  not  more  than  five  years 652,603                                           631,572                                                              More  than  five  years 2,432,101                                   2,603,354                                                      

3,234,925                                   3,380,756                                                      

The  Association  has  a  contractual  obligation  to  pay  back  the  interest  free  loans.

Within  one  year 320,000                                           386,500                                                              After  one  year  but  not  more  than  five  years 919,998                                           1,502,325                                                      After  more  than  five  years -­‐                                                           -­‐                                                                                

1,239,998                                   1,888,825                                                      

NOTE  17:  RELATED  PARTY  DISCLOSURES

Members  of  the  BoardThe  names  of  each  person  holding  the  position  of  Board  Member  of  the  Association  during  thefinancial  year  were:

R  Perry  (Chairman),  I  Cochrane,    L  Davies,  J  Edwards,  C  Fear,  S  Fink,  M  Fulker,  K  Gallagher,  A  Howarth,  D  Redpath,  H  Sauer,  S  Staniforth,  B  Stewart,  D  Vaux

The  following  related  party  transactions  occurred  during  the  year  -­‐  A  Howarth  was  the  Chairman  of  St  John  of  God  Hospital  and  Mermaid  MarineFront  of  jersey  partnership  -­‐  B  Stewart  was  the  Chairman  of  WorkFocus  AustraliaFront  of  jersey  partnership

Terms  and  conditions  of  transactions  with  related  partiesSales  to  and  purchases  from  related  parties  are  made  in  arms  length  transactions  both  atnormal  market  prices  and  on  normal  commercial  terms.

NOTE  18:  KEY  MANAGEMENT  PERSONNEL  DISCLOSURES

(i)  Details  of  Key  Management  PersonnelKey  management  personnel  of  the  association  during  the  financial  year  were:

M  Calverley,  M  Foley,    A  Hill,  E  Manawaiti,  M  Sinderberry,  N  Smith,  M  Wilson

Total  income  paid  or  payable  including  termination  payments  and  long  service  leave,or  otherwise  made  available  to  all  key  management  personnel  of  Western  AustralianRugby  Union  (Inc.)  in  respect  of  the  management  of  affairs  of  the  association 1,230,016 1,319,732

There  have  been  no  transactions  and  balances  with  key  management  personneland  their  related  parties  during  the  year.

NOTE  19:  REMUNERATION  OF  AUDITORS

The  auditor  of  Western  Australian  Rugby  Union  (Inc.)  is  Ernst  &  Young  

Amounts  received  or  due  and  receivable  by  Ernst  &  Young  (Australia)  for:*  an  audit  or  review  of  the  financial  report  of  the  entity   20,000 38,500*  taxation  advice 4,532 -­‐

NOTE  20:  SUBSEQUENT  EVENTS

Subsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecuredinterest  free  loan  to  underpin  the  2015  cashflow.

2014 2013$ $

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEARENDED  31  December  2014

NOTE  15:  SEGMENT  INFORMATION

The  Association  operates  solely  within  the  Sporting  Industry  of  Australia.

NOTE  16:  EXPENDITURE  COMMITMENTSOperating  LeasesThe  Association  has  entered  into  the  following  commercial  leases:-­‐

BuildingThis  lease  has  an  initial  date  of  expiry  on  the  30  June  2016,  with  a  further  3  options  on  30  June  2021,  30  June  2026  and  30  June  2031.    

As  at  the  31  December  there  was  no  intention  to  move  from  these  premises.There  are  no  restrictions  placed  upon  the  lessees  business  operations  by  enteringinto  these  leases.

Future  rentals  payable  under  this  lease  as  at  31  December  2014  are  as  follows:

Within  one  year 150,221                                           145,830                                                              After  one  year  but  not  more  than  five  years 652,603                                           631,572                                                              More  than  five  years 2,432,101                                   2,603,354                                                      

3,234,925                                   3,380,756                                                      

The  Association  has  a  contractual  obligation  to  pay  back  the  interest  free  loans.

Within  one  year 320,000                                           386,500                                                              After  one  year  but  not  more  than  five  years 919,998                                           1,502,325                                                      After  more  than  five  years -­‐                                                           -­‐                                                                                

1,239,998                                   1,888,825                                                      

NOTE  17:  RELATED  PARTY  DISCLOSURES

Members  of  the  BoardThe  names  of  each  person  holding  the  position  of  Board  Member  of  the  Association  during  thefinancial  year  were:

R  Perry  (Chairman),  I  Cochrane,    L  Davies,  J  Edwards,  C  Fear,  S  Fink,  M  Fulker,  K  Gallagher,  A  Howarth,  D  Redpath,  H  Sauer,  S  Staniforth,  B  Stewart,  D  Vaux

The  following  related  party  transactions  occurred  during  the  year  -­‐  A  Howarth  was  the  Chairman  of  St  John  of  God  Hospital  and  Mermaid  MarineFront  of  jersey  partnership  -­‐  B  Stewart  was  the  Chairman  of  WorkFocus  AustraliaFront  of  jersey  partnership

Terms  and  conditions  of  transactions  with  related  partiesSales  to  and  purchases  from  related  parties  are  made  in  arms  length  transactions  both  atnormal  market  prices  and  on  normal  commercial  terms.

NOTE  18:  KEY  MANAGEMENT  PERSONNEL  DISCLOSURES

(i)  Details  of  Key  Management  PersonnelKey  management  personnel  of  the  association  during  the  financial  year  were:

M  Calverley,  M  Foley,    A  Hill,  E  Manawaiti,  M  Sinderberry,  N  Smith,  M  Wilson

Total  income  paid  or  payable  including  termination  payments  and  long  service  leave,or  otherwise  made  available  to  all  key  management  personnel  of  Western  AustralianRugby  Union  (Inc.)  in  respect  of  the  management  of  affairs  of  the  association 1,230,016 1,319,732

There  have  been  no  transactions  and  balances  with  key  management  personneland  their  related  parties  during  the  year.

NOTE  19:  REMUNERATION  OF  AUDITORS

The  auditor  of  Western  Australian  Rugby  Union  (Inc.)  is  Ernst  &  Young  

Amounts  received  or  due  and  receivable  by  Ernst  &  Young  (Australia)  for:*  an  audit  or  review  of  the  financial  report  of  the  entity   20,000 38,500*  taxation  advice 4,532 -­‐

NOTE  20:  SUBSEQUENT  EVENTS

Subsequent  to  year  end  the  Association  has  negotiated  a  short  term  unsecuredinterest  free  loan  to  underpin  the  2015  cashflow.

Page 60: RugbyWA Annual Report 2014

60 RUGBYWA 2014 ANNUAL REPORT

NOTE  21:  FINANCIAL  INSTRUMENTSThe  Association's  principal  financial  instruments  comprise  receivables,  payables,  cash  and  short-­‐term  deposits,  and  other  liabilities.The  Association  manages  its  exposure  to  key  financial  risks  in  accordance  with  the  Association's  financial  risk  management  policy.The  objective  of  the  policy  is  to  support  the  delivery  of  the  Association's  financial  targets  whilst  protecting  future  financial  security.

The  Association  uses  different  methods  to  measure  and  manage  different  types  of  risks  to  which  it  is  exposed.    These  include  monitoringlevles  of  exposure  to  interest  rate  risk  and  assessments  of  market  forecasts  for  interest  rates.    Ageing  analyses  and  monitoring  of  specificcredit  allowances  are  undertaken  to  manage  credit  risk,  liquidity  risk  is  monitored  through  the  development  of  future  rolling  cash  flow  forecasts.

The  Board  reviews  and  agrees  policies  for  managing  each  of  these  risks  as  summariesed  below.

Primary  responsibility  for  identification  and  control  of  financial  risks  rests  with  the  Audit  and  Finance  sub-­‐committee.    The  committee  reviews  and  agrees  policies  for  managing  each  of  the  risks  identified  below,  including  interest  rate  risk,  credit  allowances,  and  future  cash  flow  forecast  projections.

The  Association  has  not  entered  into  any  interest  rate  swaps,  forward  rate  agreements,  interest  rate  options  or  similar  derivatives.  The  Associated  entity's  exposure  to  interest  rate  risks  together  with  the  effective  interestrate  for  classes  of  financial  assets  and  liabilities  at  balance  date  is  set  out  below.

Financial  Instruments2014 2013 2014 2013

$ %(a)  Financial  assetsCash 593,453                                                         1,952,253                                       1.56 1.89Total  Financial  Assets 593,453                                                         1,952,253                                      

The  table  delow  details  the  interest  rate  sensitivity  analyses  of  the  Association  at  the  reporting  date,  holding  all  other  variables  constant.

Financial  InstrumentsProfit Equity Profit Equity

Risk  Variable Sensitivity 2014 2014 2013 2013Interest  Rate +  1.0  % 12,378 12,378 25,016 25,016

-­‐  1.0  % (12,378) (12,378) (25,016) (25,016)

Credit  risk  exposuresThe  Association  trades  only  with  recognised,  creditworthy  third  parties.  It  is  the  Association's  policy  that  all  customers  who  wish  to  trade    on  credit  terms  are  subject  to  credit  verification  procedures.

In  addition,  receivables  balances  are  monitored  on  an  ongoing  basis  with  the  result  that  the  Association's  exposure  to  bad  debts  is  not  significant.

Concentration  of  credit  riskThe  Association  minimises  concentrations  of  credit  risk  in  relation  to  trade  accounts  receivable  by  undertaking  transactions  with  a  number  of  low  risk  customers.    There  is  no  significant  concentration  of  credit  risk  within  the  Association  and  cash  held  is  spread  amongst  a  number  of  financial  institutions  to  minimise  the  risk  of  default  of  counter  parties.    Management  monitor  the  credit  rating  on  a  monthly  basis.    Policy  states  thatno  more  than  70%  of  funds  can  be  held  in  any  one  institution  even  if  sponsored  by  a  financial  institution.

Liguidity  RiskPrudent  liquidity  risk  management  implies  maintaining  sufficient  cash  to  meet  commitments  as  and  when  they  fall  due.    Managementmonitors  rolling  cash  flow  forecasts  to  manage  liquidity  risk.    The  only  financial  liabilities  of  the  Association  at  balance  date  are  tradeand  other  payables  and  other  liabilities.    These  amounts  are  unsecured  and  usually  paid  within  30  days  of  recognition.

Maturity  analysis  of  financial  assets  and  liability  based  on  management's  expectation.The  risk  implied  from  the  values  shown  in  the  table  below,  reflects  a  balanced  view  of  cash  inflows  and  outflows,  trade  receivables  and  trade  payables.  These  assets  are  considered  in  the  Association's  overall  liquity  risk.  To  monitor  existing  financial  assets  and  liabilities  as  well  as  to  enable  an  effective  controlling  of  future  risks,  Western  Australian  Rugby  Union  (Inc.)  has  established  comprehensive  riskreporting  commensurate  with  the  size  of  its  activities  that  reflects  expectation  of  management  or  expected  settlement  of  financial  assets  and  liabilities.

<6 6-­‐12 1-­‐5 >5Year  ended  31  December  2014 months months years years

Financial  assetsCash  &  cash  equivalents 593,453                                                         -­‐                                                               -­‐                                                           -­‐                                                          Trade  &  other  receivables 991,635                                                         5,360                                                       -­‐                                                           -­‐                                                          

1,585,088                                                 5,360                                                       -­‐                                                           -­‐                                                          

Financial  liabilitiesTrade  &  other  payables 412,683                                                         -­‐                                                               -­‐                                                           -­‐                                                          Loan -­‐                                                                         320,000                                             806,327                                         -­‐                                                          

412,683                                                         320,000                                             806,327                                         -­‐                                                          

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  PERIODENDED  31  December  2014

Floating  interest  rate Weighted  average  effective  interest  rate  

(i)  Interest  rate  risk  

Effect  On: Effect  On:

(ii)  Financial  risk  management  objectives  and  policies  

Details  of  the  significant  accounting  policies  and  methods  adopted,  including  the  criteria  for  recognition,  the  basis  of  measurement  and  the  basis  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  the  financial  statements.

Total

1,539,010                                                

593,453                                                      996,995                                                      

1,590,448                                                

1,126,327                                                412,683                                                      

2014 2013$ $

NOTE  2:  REVENUE  AND  OTHER  INCOMEa) Revenue  -­‐  Commercial  services 10,209,025                               11,400,750    -­‐  Community  rugby 1,023,263   896,747    -­‐  Professional  rugby 4,295,903   4,317,030    -­‐  Corporate  services 355,470   59,077    -­‐  Future  Force  Foundation  Ltd  -­‐  grant 59,450   -­‐    -­‐  Interest  received 25,108   60,663  

15,968,219                               16,734,266  b) Other  income  -­‐  Grants  received 500,000   -­‐  

500,000   -­‐  

NOTE  3a:  OPERATING  EXPENDITUREIncluded  within  the  categories  of  operating  expenditure  are  the  following  specific  expenses:

Finance  costsBank  charges 44,341   45,902  

44,341   45,902  Depreciation  expenseDepreciation 136,162   152,284  

136,162   152,284  Employee  benefits  expenseWages  and  salaries 7,894,938   7,776,875  Superannuation 689,595   650,241  

8,584,533                                   8,427,116  

NOTE  3b:  STADIUM  INFRASTRUCTURE  EXPENDITUREInterest  on  loans 83,798   108,911  

83,798   108,911  

NOTE  4:  CASH  AND  CASH  EQUIVALENTSCash  at  bank      (i) 530,675   1,184,300  Term  deposits    (ii) 62,778   767,953  

593,453   1,952,253  (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  andthree  months,  depending  on  the  immediate  cash  requirements  of  the  Associationand  earn  interest  at  the  respective  short-­‐term  deposit  rates.

NOTE  5:  TRADE  AND  OTHER  RECEIVABLESCurrentTrade  debtors      (i) 991,635   366,002  Allowance  for  doubtful  debt -­‐   (24,546)  Bonds  (non  interest  bearing) 5,360   10,360  

996,995   351,816  

(i)  Trade  receivables  are  non-­‐interest  bearing  and  are  generally  on  30-­‐90  dayterms.    An  allowance  for  doubtful  debts  is  made  when  there  is  objectiveevidence  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  thatare  for  hospitality  will  have  access  withheld  until  payment  is  received  and  as  suchall  receivables  other  than  those  specifically  provided  for  are  considered  fully  recoverable.

NOTE  6:  INVENTORIESAt  cost 75,470   22,896  

75,470   22,896  

NOTE  7:  OTHER  CURRENT  ASSETSDeferred  costs 71,813   82,149  Prepayments 52,624   -­‐  

124,437   82,149  

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  YEAR

ENDED  31  DECEMBER  2014NOTE  21:  FINANCIAL  INSTRUMENTS

The  Association's  principal  financial  instruments  comprise  receivables,  payables,  cash  and  short-­‐term  deposits,  and  other  liabilities.The  Association  manages  its  exposure  to  key  financial  risks  in  accordance  with  the  Association's  financial  risk  management  policy.The  objective  of  the  policy  is  to  support  the  delivery  of  the  Association's  financial  targets  whilst  protecting  future  financial  security.

The  Association  uses  different  methods  to  measure  and  manage  different  types  of  risks  to  which  it  is  exposed.    These  include  monitoringlevles  of  exposure  to  interest  rate  risk  and  assessments  of  market  forecasts  for  interest  rates.    Ageing  analyses  and  monitoring  of  specificcredit  allowances  are  undertaken  to  manage  credit  risk,  liquidity  risk  is  monitored  through  the  development  of  future  rolling  cash  flow  forecasts.

The  Board  reviews  and  agrees  policies  for  managing  each  of  these  risks  as  summariesed  below.

Primary  responsibility  for  identification  and  control  of  financial  risks  rests  with  the  Audit  and  Finance  sub-­‐committee.    The  committee  reviews  and  agrees  policies  for  managing  each  of  the  risks  identified  below,  including  interest  rate  risk,  credit  allowances,  and  future  cash  flow  forecast  projections.

The  Association  has  not  entered  into  any  interest  rate  swaps,  forward  rate  agreements,  interest  rate  options  or  similar  derivatives.  The  Associated  entity's  exposure  to  interest  rate  risks  together  with  the  effective  interestrate  for  classes  of  financial  assets  and  liabilities  at  balance  date  is  set  out  below.

Financial  Instruments2014 2013 2014 2013

$ %(a)  Financial  assetsCash 593,453                                                         1,952,253                                       1.56 1.89Total  Financial  Assets 593,453                                                         1,952,253                                      

The  table  delow  details  the  interest  rate  sensitivity  analyses  of  the  Association  at  the  reporting  date,  holding  all  other  variables  constant.

Financial  InstrumentsProfit Equity Profit Equity

Risk  Variable Sensitivity 2014 2014 2013 2013Interest  Rate +  1.0  % 12,378 12,378 25,016 25,016

-­‐  1.0  % (12,378) (12,378) (25,016) (25,016)

Credit  risk  exposuresThe  Association  trades  only  with  recognised,  creditworthy  third  parties.  It  is  the  Association's  policy  that  all  customers  who  wish  to  trade    on  credit  terms  are  subject  to  credit  verification  procedures.

In  addition,  receivables  balances  are  monitored  on  an  ongoing  basis  with  the  result  that  the  Association's  exposure  to  bad  debts  is  not  significant.

Concentration  of  credit  riskThe  Association  minimises  concentrations  of  credit  risk  in  relation  to  trade  accounts  receivable  by  undertaking  transactions  with  a  number  of  low  risk  customers.    There  is  no  significant  concentration  of  credit  risk  within  the  Association  and  cash  held  is  spread  amongst  a  number  of  financial  institutions  to  minimise  the  risk  of  default  of  counter  parties.    Management  monitor  the  credit  rating  on  a  monthly  basis.    Policy  states  thatno  more  than  70%  of  funds  can  be  held  in  any  one  institution  even  if  sponsored  by  a  financial  institution.

Liguidity  RiskPrudent  liquidity  risk  management  implies  maintaining  sufficient  cash  to  meet  commitments  as  and  when  they  fall  due.    Managementmonitors  rolling  cash  flow  forecasts  to  manage  liquidity  risk.    The  only  financial  liabilities  of  the  Association  at  balance  date  are  tradeand  other  payables  and  other  liabilities.    These  amounts  are  unsecured  and  usually  paid  within  30  days  of  recognition.

Maturity  analysis  of  financial  assets  and  liability  based  on  management's  expectation.The  risk  implied  from  the  values  shown  in  the  table  below,  reflects  a  balanced  view  of  cash  inflows  and  outflows,  trade  receivables  and  trade  payables.  These  assets  are  considered  in  the  Association's  overall  liquity  risk.  To  monitor  existing  financial  assets  and  liabilities  as  well  as  to  enable  an  effective  controlling  of  future  risks,  Western  Australian  Rugby  Union  (Inc.)  has  established  comprehensive  riskreporting  commensurate  with  the  size  of  its  activities  that  reflects  expectation  of  management  or  expected  settlement  of  financial  assets  and  liabilities.

<6 6-­‐12 1-­‐5 >5Year  ended  31  December  2014 months months years years

Financial  assetsCash  &  cash  equivalents 593,453                                                         -­‐                                                               -­‐                                                           -­‐                                                          Trade  &  other  receivables 991,635                                                         5,360                                                       -­‐                                                           -­‐                                                          

1,585,088                                                 5,360                                                       -­‐                                                           -­‐                                                          

Financial  liabilitiesTrade  &  other  payables 412,683                                                         -­‐                                                               -­‐                                                           -­‐                                                          Loan -­‐                                                                         320,000                                             806,327                                         -­‐                                                          

412,683                                                         320,000                                             806,327                                         -­‐                                                          

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  PERIODENDED  31  December  2014

Floating  interest  rate Weighted  average  effective  interest  rate  

(i)  Interest  rate  risk  

Effect  On: Effect  On:

(ii)  Financial  risk  management  objectives  and  policies  

Details  of  the  significant  accounting  policies  and  methods  adopted,  including  the  criteria  for  recognition,  the  basis  of  measurement  and  the  basis  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  the  financial  statements.

Total

1,539,010                                                

593,453                                                      996,995                                                      

1,590,448                                                

1,126,327                                                412,683                                                      

NOTE  21:  FINANCIAL  INSTRUMENTSThe  Association's  principal  financial  instruments  comprise  receivables,  payables,  cash  and  short-­‐term  deposits,  and  other  liabilities.The  Association  manages  its  exposure  to  key  financial  risks  in  accordance  with  the  Association's  financial  risk  management  policy.The  objective  of  the  policy  is  to  support  the  delivery  of  the  Association's  financial  targets  whilst  protecting  future  financial  security.

The  Association  uses  different  methods  to  measure  and  manage  different  types  of  risks  to  which  it  is  exposed.    These  include  monitoringlevles  of  exposure  to  interest  rate  risk  and  assessments  of  market  forecasts  for  interest  rates.    Ageing  analyses  and  monitoring  of  specificcredit  allowances  are  undertaken  to  manage  credit  risk,  liquidity  risk  is  monitored  through  the  development  of  future  rolling  cash  flow  forecasts.

The  Board  reviews  and  agrees  policies  for  managing  each  of  these  risks  as  summariesed  below.

Primary  responsibility  for  identification  and  control  of  financial  risks  rests  with  the  Audit  and  Finance  sub-­‐committee.    The  committee  reviews  and  agrees  policies  for  managing  each  of  the  risks  identified  below,  including  interest  rate  risk,  credit  allowances,  and  future  cash  flow  forecast  projections.

The  Association  has  not  entered  into  any  interest  rate  swaps,  forward  rate  agreements,  interest  rate  options  or  similar  derivatives.  The  Associated  entity's  exposure  to  interest  rate  risks  together  with  the  effective  interestrate  for  classes  of  financial  assets  and  liabilities  at  balance  date  is  set  out  below.

Financial  Instruments2014 2013 2014 2013

$ %(a)  Financial  assetsCash 593,453                                                         1,952,253                                       1.56 1.89Total  Financial  Assets 593,453                                                         1,952,253                                      

The  table  delow  details  the  interest  rate  sensitivity  analyses  of  the  Association  at  the  reporting  date,  holding  all  other  variables  constant.

Financial  InstrumentsProfit Equity Profit Equity

Risk  Variable Sensitivity 2014 2014 2013 2013Interest  Rate +  1.0  % 12,378 12,378 25,016 25,016

-­‐  1.0  % (12,378) (12,378) (25,016) (25,016)

Credit  risk  exposuresThe  Association  trades  only  with  recognised,  creditworthy  third  parties.  It  is  the  Association's  policy  that  all  customers  who  wish  to  trade    on  credit  terms  are  subject  to  credit  verification  procedures.

In  addition,  receivables  balances  are  monitored  on  an  ongoing  basis  with  the  result  that  the  Association's  exposure  to  bad  debts  is  not  significant.

Concentration  of  credit  riskThe  Association  minimises  concentrations  of  credit  risk  in  relation  to  trade  accounts  receivable  by  undertaking  transactions  with  a  number  of  low  risk  customers.    There  is  no  significant  concentration  of  credit  risk  within  the  Association  and  cash  held  is  spread  amongst  a  number  of  financial  institutions  to  minimise  the  risk  of  default  of  counter  parties.    Management  monitor  the  credit  rating  on  a  monthly  basis.    Policy  states  thatno  more  than  70%  of  funds  can  be  held  in  any  one  institution  even  if  sponsored  by  a  financial  institution.

Liguidity  RiskPrudent  liquidity  risk  management  implies  maintaining  sufficient  cash  to  meet  commitments  as  and  when  they  fall  due.    Managementmonitors  rolling  cash  flow  forecasts  to  manage  liquidity  risk.    The  only  financial  liabilities  of  the  Association  at  balance  date  are  tradeand  other  payables  and  other  liabilities.    These  amounts  are  unsecured  and  usually  paid  within  30  days  of  recognition.

Maturity  analysis  of  financial  assets  and  liability  based  on  management's  expectation.The  risk  implied  from  the  values  shown  in  the  table  below,  reflects  a  balanced  view  of  cash  inflows  and  outflows,  trade  receivables  and  trade  payables.  These  assets  are  considered  in  the  Association's  overall  liquity  risk.  To  monitor  existing  financial  assets  and  liabilities  as  well  as  to  enable  an  effective  controlling  of  future  risks,  Western  Australian  Rugby  Union  (Inc.)  has  established  comprehensive  riskreporting  commensurate  with  the  size  of  its  activities  that  reflects  expectation  of  management  or  expected  settlement  of  financial  assets  and  liabilities.

<6 6-­‐12 1-­‐5 >5Year  ended  31  December  2014 months months years years

Financial  assetsCash  &  cash  equivalents 593,453                                                         -­‐                                                               -­‐                                                           -­‐                                                          Trade  &  other  receivables 991,635                                                         5,360                                                       -­‐                                                           -­‐                                                          

1,585,088                                                 5,360                                                       -­‐                                                           -­‐                                                          

Financial  liabilitiesTrade  &  other  payables 412,683                                                         -­‐                                                               -­‐                                                           -­‐                                                          Loan -­‐                                                                         320,000                                             806,327                                         -­‐                                                          

412,683                                                         320,000                                             806,327                                         -­‐                                                          

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  PERIODENDED  31  December  2014

Floating  interest  rate Weighted  average  effective  interest  rate  

(i)  Interest  rate  risk  

Effect  On: Effect  On:

(ii)  Financial  risk  management  objectives  and  policies  

Details  of  the  significant  accounting  policies  and  methods  adopted,  including  the  criteria  for  recognition,  the  basis  of  measurement  and  the  basis  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  the  financial  statements.

Total

1,539,010                                                

593,453                                                      996,995                                                      

1,590,448                                                

1,126,327                                                412,683                                                      

NOTE  21:  FINANCIAL  INSTRUMENTSThe  Association's  principal  financial  instruments  comprise  receivables,  payables,  cash  and  short-­‐term  deposits,  and  other  liabilities.The  Association  manages  its  exposure  to  key  financial  risks  in  accordance  with  the  Association's  financial  risk  management  policy.The  objective  of  the  policy  is  to  support  the  delivery  of  the  Association's  financial  targets  whilst  protecting  future  financial  security.

The  Association  uses  different  methods  to  measure  and  manage  different  types  of  risks  to  which  it  is  exposed.    These  include  monitoringlevles  of  exposure  to  interest  rate  risk  and  assessments  of  market  forecasts  for  interest  rates.    Ageing  analyses  and  monitoring  of  specificcredit  allowances  are  undertaken  to  manage  credit  risk,  liquidity  risk  is  monitored  through  the  development  of  future  rolling  cash  flow  forecasts.

The  Board  reviews  and  agrees  policies  for  managing  each  of  these  risks  as  summariesed  below.

Primary  responsibility  for  identification  and  control  of  financial  risks  rests  with  the  Audit  and  Finance  sub-­‐committee.    The  committee  reviews  and  agrees  policies  for  managing  each  of  the  risks  identified  below,  including  interest  rate  risk,  credit  allowances,  and  future  cash  flow  forecast  projections.

The  Association  has  not  entered  into  any  interest  rate  swaps,  forward  rate  agreements,  interest  rate  options  or  similar  derivatives.  The  Associated  entity's  exposure  to  interest  rate  risks  together  with  the  effective  interestrate  for  classes  of  financial  assets  and  liabilities  at  balance  date  is  set  out  below.

Financial  Instruments2014 2013 2014 2013

$ %(a)  Financial  assetsCash 593,453                                                         1,952,253                                       1.56 1.89Total  Financial  Assets 593,453                                                         1,952,253                                      

The  table  delow  details  the  interest  rate  sensitivity  analyses  of  the  Association  at  the  reporting  date,  holding  all  other  variables  constant.

Financial  InstrumentsProfit Equity Profit Equity

Risk  Variable Sensitivity 2014 2014 2013 2013Interest  Rate +  1.0  % 12,378 12,378 25,016 25,016

-­‐  1.0  % (12,378) (12,378) (25,016) (25,016)

Credit  risk  exposuresThe  Association  trades  only  with  recognised,  creditworthy  third  parties.  It  is  the  Association's  policy  that  all  customers  who  wish  to  trade    on  credit  terms  are  subject  to  credit  verification  procedures.

In  addition,  receivables  balances  are  monitored  on  an  ongoing  basis  with  the  result  that  the  Association's  exposure  to  bad  debts  is  not  significant.

Concentration  of  credit  riskThe  Association  minimises  concentrations  of  credit  risk  in  relation  to  trade  accounts  receivable  by  undertaking  transactions  with  a  number  of  low  risk  customers.    There  is  no  significant  concentration  of  credit  risk  within  the  Association  and  cash  held  is  spread  amongst  a  number  of  financial  institutions  to  minimise  the  risk  of  default  of  counter  parties.    Management  monitor  the  credit  rating  on  a  monthly  basis.    Policy  states  thatno  more  than  70%  of  funds  can  be  held  in  any  one  institution  even  if  sponsored  by  a  financial  institution.

Liguidity  RiskPrudent  liquidity  risk  management  implies  maintaining  sufficient  cash  to  meet  commitments  as  and  when  they  fall  due.    Managementmonitors  rolling  cash  flow  forecasts  to  manage  liquidity  risk.    The  only  financial  liabilities  of  the  Association  at  balance  date  are  tradeand  other  payables  and  other  liabilities.    These  amounts  are  unsecured  and  usually  paid  within  30  days  of  recognition.

Maturity  analysis  of  financial  assets  and  liability  based  on  management's  expectation.The  risk  implied  from  the  values  shown  in  the  table  below,  reflects  a  balanced  view  of  cash  inflows  and  outflows,  trade  receivables  and  trade  payables.  These  assets  are  considered  in  the  Association's  overall  liquity  risk.  To  monitor  existing  financial  assets  and  liabilities  as  well  as  to  enable  an  effective  controlling  of  future  risks,  Western  Australian  Rugby  Union  (Inc.)  has  established  comprehensive  riskreporting  commensurate  with  the  size  of  its  activities  that  reflects  expectation  of  management  or  expected  settlement  of  financial  assets  and  liabilities.

<6 6-­‐12 1-­‐5 >5Year  ended  31  December  2014 months months years years

Financial  assetsCash  &  cash  equivalents 593,453                                                         -­‐                                                               -­‐                                                           -­‐                                                          Trade  &  other  receivables 991,635                                                         5,360                                                       -­‐                                                           -­‐                                                          

1,585,088                                                 5,360                                                       -­‐                                                           -­‐                                                          

Financial  liabilitiesTrade  &  other  payables 412,683                                                         -­‐                                                               -­‐                                                           -­‐                                                          Loan -­‐                                                                         320,000                                             806,327                                         -­‐                                                          

412,683                                                         320,000                                             806,327                                         -­‐                                                          

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  PERIODENDED  31  December  2014

Floating  interest  rate Weighted  average  effective  interest  rate  

(i)  Interest  rate  risk  

Effect  On: Effect  On:

(ii)  Financial  risk  management  objectives  and  policies  

Details  of  the  significant  accounting  policies  and  methods  adopted,  including  the  criteria  for  recognition,  the  basis  of  measurement  and  the  basis  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  the  financial  statements.

Total

1,539,010                                                

593,453                                                      996,995                                                      

1,590,448                                                

1,126,327                                                412,683                                                      

NOTE  21:  FINANCIAL  INSTRUMENTSThe  Association's  principal  financial  instruments  comprise  receivables,  payables,  cash  and  short-­‐term  deposits,  and  other  liabilities.The  Association  manages  its  exposure  to  key  financial  risks  in  accordance  with  the  Association's  financial  risk  management  policy.The  objective  of  the  policy  is  to  support  the  delivery  of  the  Association's  financial  targets  whilst  protecting  future  financial  security.

The  Association  uses  different  methods  to  measure  and  manage  different  types  of  risks  to  which  it  is  exposed.    These  include  monitoringlevles  of  exposure  to  interest  rate  risk  and  assessments  of  market  forecasts  for  interest  rates.    Ageing  analyses  and  monitoring  of  specificcredit  allowances  are  undertaken  to  manage  credit  risk,  liquidity  risk  is  monitored  through  the  development  of  future  rolling  cash  flow  forecasts.

The  Board  reviews  and  agrees  policies  for  managing  each  of  these  risks  as  summariesed  below.

Primary  responsibility  for  identification  and  control  of  financial  risks  rests  with  the  Audit  and  Finance  sub-­‐committee.    The  committee  reviews  and  agrees  policies  for  managing  each  of  the  risks  identified  below,  including  interest  rate  risk,  credit  allowances,  and  future  cash  flow  forecast  projections.

The  Association  has  not  entered  into  any  interest  rate  swaps,  forward  rate  agreements,  interest  rate  options  or  similar  derivatives.  The  Associated  entity's  exposure  to  interest  rate  risks  together  with  the  effective  interestrate  for  classes  of  financial  assets  and  liabilities  at  balance  date  is  set  out  below.

Financial  Instruments2014 2013 2014 2013

$ %(a)  Financial  assetsCash 593,453                                                         1,952,253                                       1.56 1.89Total  Financial  Assets 593,453                                                         1,952,253                                      

The  table  delow  details  the  interest  rate  sensitivity  analyses  of  the  Association  at  the  reporting  date,  holding  all  other  variables  constant.

Financial  InstrumentsProfit Equity Profit Equity

Risk  Variable Sensitivity 2014 2014 2013 2013Interest  Rate +  1.0  % 12,378 12,378 25,016 25,016

-­‐  1.0  % (12,378) (12,378) (25,016) (25,016)

Credit  risk  exposuresThe  Association  trades  only  with  recognised,  creditworthy  third  parties.  It  is  the  Association's  policy  that  all  customers  who  wish  to  trade    on  credit  terms  are  subject  to  credit  verification  procedures.

In  addition,  receivables  balances  are  monitored  on  an  ongoing  basis  with  the  result  that  the  Association's  exposure  to  bad  debts  is  not  significant.

Concentration  of  credit  riskThe  Association  minimises  concentrations  of  credit  risk  in  relation  to  trade  accounts  receivable  by  undertaking  transactions  with  a  number  of  low  risk  customers.    There  is  no  significant  concentration  of  credit  risk  within  the  Association  and  cash  held  is  spread  amongst  a  number  of  financial  institutions  to  minimise  the  risk  of  default  of  counter  parties.    Management  monitor  the  credit  rating  on  a  monthly  basis.    Policy  states  thatno  more  than  70%  of  funds  can  be  held  in  any  one  institution  even  if  sponsored  by  a  financial  institution.

Liguidity  RiskPrudent  liquidity  risk  management  implies  maintaining  sufficient  cash  to  meet  commitments  as  and  when  they  fall  due.    Managementmonitors  rolling  cash  flow  forecasts  to  manage  liquidity  risk.    The  only  financial  liabilities  of  the  Association  at  balance  date  are  tradeand  other  payables  and  other  liabilities.    These  amounts  are  unsecured  and  usually  paid  within  30  days  of  recognition.

Maturity  analysis  of  financial  assets  and  liability  based  on  management's  expectation.The  risk  implied  from  the  values  shown  in  the  table  below,  reflects  a  balanced  view  of  cash  inflows  and  outflows,  trade  receivables  and  trade  payables.  These  assets  are  considered  in  the  Association's  overall  liquity  risk.  To  monitor  existing  financial  assets  and  liabilities  as  well  as  to  enable  an  effective  controlling  of  future  risks,  Western  Australian  Rugby  Union  (Inc.)  has  established  comprehensive  riskreporting  commensurate  with  the  size  of  its  activities  that  reflects  expectation  of  management  or  expected  settlement  of  financial  assets  and  liabilities.

<6 6-­‐12 1-­‐5 >5Year  ended  31  December  2014 months months years years

Financial  assetsCash  &  cash  equivalents 593,453                                                         -­‐                                                               -­‐                                                           -­‐                                                          Trade  &  other  receivables 991,635                                                         5,360                                                       -­‐                                                           -­‐                                                          

1,585,088                                                 5,360                                                       -­‐                                                           -­‐                                                          

Financial  liabilitiesTrade  &  other  payables 412,683                                                         -­‐                                                               -­‐                                                           -­‐                                                          Loan -­‐                                                                         320,000                                             806,327                                         -­‐                                                          

412,683                                                         320,000                                             806,327                                         -­‐                                                          

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  FOR  THE  PERIODENDED  31  December  2014

Floating  interest  rate Weighted  average  effective  interest  rate  

(i)  Interest  rate  risk  

Effect  On: Effect  On:

(ii)  Financial  risk  management  objectives  and  policies  

Details  of  the  significant  accounting  policies  and  methods  adopted,  including  the  criteria  for  recognition,  the  basis  of  measurement  and  the  basis  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  the  financial  statements.

Total

1,539,010                                                

593,453                                                      996,995                                                      

1,590,448                                                

1,126,327                                                412,683                                                      

Page 61: RugbyWA Annual Report 2014

61RUGBYWA 2014 ANNUAL REPORT

The  general  purpose  financial  report  has  been  prepared  to  satisfy  the  reporting  requirements  underthe  Association's  constitution.    The  Western  Australian  Rugby  Union  (Inc.)  board  has  determined  thataccounting  policies  adopted  are  appropriate  to  meet  the  needs  of  the  members  of  the  Association.    Thefinancial  statements  have  been  prepared  in  accordance  with  applicable  Accounting  Standards  andother  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  financialposition  as  at  31  December  2014  and  its  performance  as  represented  by  the  results  of  itsoperations  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  PerryChairmanPerth,  16  February  2015

WESTERN  AUSTRALIAN  RUGBY  UNION  (INC.)

DIRECTOR'S  DECLARATION

Page 62: RugbyWA Annual Report 2014

62 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

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

Independent auditor’s report to the members of Western Australian Rugby Union (Inc.)

Independent auditor’s report to the members of Western Australian Rugby Union (Inc.)

We have audited the accompanying financial report of Western Australian Rugby Union (Inc.), which 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 consolidated statement of cash flows for the year ended, a summary of significant accounting policies, other explanatory notes and the directors’ declaration of the consolidated entity comprising Western Australian Rugby Union (Inc.) and the entities it controlled at the year’s end or from time to time during the financial year.

Directors’ Responsibility for the Financial Report

The directors’ of Western Australian Rugby Union (Inc.) are responsible for the preparation and fair presentation 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 necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We conducted our 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 reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, we consider internal controls relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence

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 GL:KW:RUGBY WA:040

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

Independent auditor’s report to the members of Western Australian Rugby Union (Inc.)

Independent auditor’s report to the members of Western Australian Rugby Union (Inc.)

We have audited the accompanying financial report of Western Australian Rugby Union (Inc.), which 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 consolidated statement of cash flows for the year ended, a summary of significant accounting policies, other explanatory notes and the directors’ declaration of the consolidated entity comprising Western Australian Rugby Union (Inc.) and the entities it controlled at the year’s end or from time to time during the financial year.

Directors’ Responsibility for the Financial Report

The directors’ of Western Australian Rugby Union (Inc.) are responsible for the preparation and fair presentation 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 necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We conducted our 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 reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, we consider internal controls relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence

In conducting our audit we have complied with the independence requirements of the Australian professional accounting bodies.

Page 63: RugbyWA Annual Report 2014

63RUGBYWA 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 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 Standards and the Associations Incorporations Act WA.

Emphasis of Matter

Without qualifying our opinion, we draw attention to Note 1(a) Cash Management in the financial report. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the entity’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 G Lotter Partner Perth 16 February 2015

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 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 Standards and the Associations Incorporations Act WA.

Emphasis of Matter

Without qualifying our opinion, we draw attention to Note 1(a) Cash Management in the financial report. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the entity’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 G Lotter Partner Perth 16 February 2015

Page 64: RugbyWA Annual Report 2014

64 RUGBYWA 2014 ANNUAL REPORT

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