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ANNUAL REPORT

Surfing Western Australia 2013 Annual Report

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An overview of 2013 featuring the Board, Surf Schools, Boardriders Clubs, Events, Margaret River Pro, Communications, High Performance, Sponsors and Members.

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Page 1: Surfing Western Australia 2013 Annual Report

AnnuAl RepoRt

Page 2: Surfing Western Australia 2013 Annual Report

Leadership & Strategy ........................................ 2

Who We Are ........................................................ 3

What We Do ........................................................ 3

Achievements ..................................................... 4

Executive Board Members ................................. 6

Representative Board Members ......................... 7

Chairman’s Report .............................................. 8

CEO’s Article ....................................................... 9

Surfing WA Surf School ...................................... 10

State Surf Schools Network ............................... 12

Judging, Coaching and Officiating ..................... 12

High Performance ............................................... 13

Members ............................................................. 14

Communication .................................................. 15

Boardriding Clubs ............................................. 16

Margaret River Pro .............................................. 20

Event Statistics ................................................... 23

Events - State Series .......................................... 24

Events - Specialty ............................................... 26

Moving Forward .................................................. 28

Sponsors ............................................................ 29

Financials ........................................................... 32

ouR VisionTo see surfing as the key sporting, recreational and cultural pursuit for all West Australians.

ouR MissionTo promote participation, interest and achievement in surfing for the WA community.

Contents

leAdeRship & stRAtegy

2013 Rip Curl Grom Search, Trigg Beach

*Photo credits throughout 2013 Annual Report: Nick Woolacott (www.woolacottimages.com)*Cover Image: Jacob Wilcox U16 World Junior Champion

2 Annual Report

Page 3: Surfing Western Australia 2013 Annual Report

Australians have embraced the sport and culture of surfing since it first landed on our shores. It is now an iconic part of the Australian coastal lifestyle, with recreational, competitive and professional surfers of every age – boys, girls, men and women – taking to the surf at locations right around our vast coastline.

Surfing WA has been the governing body of surfing in this state since 1964. Recognised by the Department of Sport and Recreation as one of Western Australia’s major sporting organisations, it covers all codes of surfing including: shortboarding, longboarding, bodyboarding and stand-up paddleboarding.

Surfing WA is a member of Surfing Australia and aims to grow surfing both as a mainstream, commercially sustainable sport and an iconic, healthy Australian lifestyle.

WhAt We do

Who We ARe

Our objectives include encouraging, promoting, advancing and administering the sport of surfing in WA, including regulating and managing competition.

Surfing WA is actively involved in all levels of the industry; from developing educational programs and training coaches and judges, to providing pathway initiatives for both young and experienced surfers.

We successfully organise and host local, state, national and international events, including one of the world’s largest Association of Surfing Professionals (ASP) World Championship Tour (WCT) events – The Drug Aware Margaret River Pro.

Every year, Surfing WA plans new programs and events aimed at benefiting surfers right across the state, reaching over 250,000 Western Australians and millions of people interstate and overseas each year in the process.

Reaching a staggering 3,800km of coastline through our surf schools network, boardriding clubs, events, clinics and other programs – we have seen the growth of regional surfing communities and surfing abilities.

Surfing WA actively pursues any initiatives that further the interests of surfing at every level. This includes promoting the health and safety of our members and all others who use our coastline and supporting the preservation and conservation of our aquatic environment.

Con

seRV

Atio

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eVen

ts

eduC

Atio

n

pRo

Mo

tio

n

shoRtboARd longboARd sup bodyboARd

3Annual Report

Page 4: Surfing Western Australia 2013 Annual Report

2013 AChieVeMents

isA World u16 Junior Champ: Jacob Willcox

introduction of the stand-up paddleboard code (sup) - new club and surf schools

high performance scheme in five regions across the state

24 scholarships granted to regional surfers

10 WA surfers in top 50 pro ratings across shortboard, longboard and bodyboard: taj burrow #5, yadin nicol # 32, Felicity palmateer # 19, bronte Macaulay # 33, laura Macaulay # 37, Mikaela greene # 40, georgia young

# 5, Ryan hardy # 19, george humphreys # 34, lewy Finnegan # 44

secured WCt status for drug Aware Margaret River pro

(Five year sponsorship deal)

29 of top 32 men attended drug Aware Margaret River pro as a prime event

significant role in the re-development of surfers point

Five WA surfers won national titles: georgia young, Kael Walsh, Jacob Willcox,

denver young, ian darby

4 Annual Report

Page 5: Surfing Western Australia 2013 Annual Report

2013 AChieVeMents

Amendment of surfing WA Constitution

improved member communications and database

boost in funds for high performance (hp) program

huge growth across social media platforms

partnership with iCeA Foundation(indigenous Community education Appeal)

Resurrection of King of the point

Raised over $85k for surfAid @ drug Aware Margaret River pro 2013

successful implementation of club grant program

Meet all strategic objectives from three year plan that ended in 2013

5Annual Report

Page 6: Surfing Western Australia 2013 Annual Report

exeCutiVe boARd MeMbeRs

ChAiRmAn

bob Welch is currently engaged as Events Compliance Manager with TriEvents, a major community sport events manager and is widely regarded as one of Australia’s leading Sports Administrators. Bob is the Past CEO of WA Sports Federation and Surf Life Saving WA. His valuable contribution as a volunteer over many years has seen him inducted as a Life Member of the Scarboro Surf Life Saving Club. Residing in Duncraig, he is married with two grown up kids, one who surfs regularly. Bob is a keen recreational surf-ski paddler and an occasional bodyboarder.

errol Considine is Corporate Communications Manager at Fortescue Metals Group. He is one of WA’s most experienced public relations strategists. His career has spanned over 40 years in a range of high profile corporate public affairs, consultancy positions and senior editorial roles in newspapers and television. He has been surfing for some 45 years and was a member of WA Surfriders’ Association (the forerunner to Surfing WA) from the late 1960s. He was Editor of WA’s first surfing magazine in the early 1970s and in recent years Contributing Editor for a national surfing travel magazine.

tony Van Merwyk is a partner at global law firm Herbert Smith Freehills and is the head of the Firm’s land access and approvals practice. Tony has also had a 25 year career advising sporting organisations on legal issues affecting them and applies that experience to the Board. Tony established his surfing career standing up at the age of eight on a GT foamie and has continued to surf for the past 40 years without any discernible increase in skill level. He is a passionate advocate for all aspects of surfing life and issues affecting the surfing community.

tony ince is currently employed at Deloittes as a Tax Accounts Manager and has a long serving history in the Financial Industry with many accounting firms. Tony is a keen and active surfer and is a life member of the Scarboro Surf Life Saving Club. His hobbies apart from the beach include his family and living a fit and active lifestyle. Tony has held a number of previous board positions in not-for-profit organizations, educational institutions and small listed companies.

leon norris is a highly decorated, passionate surfer who resides in Geraldton. As a foundation member of the Geraldton Boardriders Club in 1976, he was awarded in 1999 with the honour of being the first Life Member of the Club. Since this time his efforts and accolades have not slowed down. Awarded an Australian sports medal in 2000, in 2008 recognised Nationally by Surfing Australia for his outstanding contribution to surfing in this country via the Hall of Fame Awards and recognized yet again in 2009 via the WA Surfing Hall of Fame Awards. Leon has represented WA 16 times in his competitive surfing career, is married with three children and has been an active member of the Surfing WA board for four years.

bob Welch

errol Considine

tony ince

leon norris

tony Van Merwyk

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Page 7: Surfing Western Australia 2013 Annual Report

RepResentAtiVe boARd MeMbeRs

LongboARd phil Corbett owns and runs his own finance company and has been a long-standing contributor to surfing at club, state and national levels. A keen surfer himself, Phil’s two sons have also been high achievers in the State and National Longboard scene. Happily married and residing in City Beach, Phil continues to work tirelessly for the longboard community in WA and adds a robust and decisive quality to all he is involved in.

boARdRiding CLubs

sam Vanderford has had a long career in teaching English to speakers of other languages, which took her around the globe until she landed in Western Australia. Sam has been involved with Surfing WA as a competitor in the Longboard Series since 2000, with outstanding finals performances in the 2012 and 2013 National Longboards Titles across multiple divisions. She also judges all disciplines and coaches on SWA’s Learn to Surf, School and High Performance Programs. She is a founding member and currently secretary of Wavewalkers Longboard Club, found regularly out in the surf at Scarborough and participating in club and state events and at the longboard events throughout the year.

shoRtboARd

simon hughes has been competitively surfing since his early teens.The fierce competition between Simon and his two brothers has seen all of them excel in the sport with Simon and his twin, Sean, representing the state and scholastics several times while younger brother Brad has been on the World Body Boarding Tour for the last eight years. Simon has recently re-ignited his passion for improving his surfing and getting involved more formally in the sport. With youth and energy on his side SWA is looking forward to a long standing contribution back into the sport from someone who is passionate about surfing.

bodyboARd

Mike best enjoyed a successful career as a civil engineer and retired as CEO of Wood and Grieve Engineers, a large national consulting firm, in June 2012. Since then he has joined the boards of a number of not-for-profit organisations and privately owned companies. He lives near the ocean, loves the beach and has three sons who are all passionate surfers. Mike himself was a very keen surfer from a very young age until an injury forced his early retirement from the sport. However now that he has more time on his hands he has rediscovered the thrill of surfing, this time from the relative safety of a longboard.

stAnd up pAddLe (sup) Roger goodwin has had a love of a broad range of water sports since early days of boating with his family. Taking up windsurfing in the early eighties, Roger was lucky enough to travel and compete in several World Cup events. Roger sat on the steering committee of Windsurfing WA and is a foundation member of SUPWA (Stand Up Paddle WA). He started stand up paddle eight years ago and has been hooked ever since, reigniting his passion for water sports, SUP Surfing and competition. Roger is married with two children and can be found most weekends at Rottnest paddling with his family.

simon hughes

sam Vanderford

phil Corbett

Roger goodwin

Mike best

7Annual Report

Page 8: Surfing Western Australia 2013 Annual Report

ChAiRMAn’s RepoRt

It is with a strong sense of achieve-ment by our CEO and your Board of Surfing WA that I present our annual report for 2013.

Almost since he was re-appointed as our fulltime CEO, Mark Lane has been working consistently, with the full confidence of the Board, on growing the Margaret River Pro into the State’s major international sporting event. With the announcement earlier this year of the event being awarded WCT status by the ASP, from 2014 onwards we will see the annual Drug Aware Margaret River Pro become one of Western Australia’s key international events. As you read through this report you will see many activities undertaken and outcomes achieved, all testimony to the hard work of a small team of professionals and many dedicated members of Surfing WA.

Meanwhile, your Board and staff have been working continuously on delivering on Surfing WA’s strategic plan to further strengthen the sport and consolidate our finances to the stage that the debts of the past have been wiped out and our balance sheet is in a very healthy state. This will now allow us to move on to the next major project: new headquarters for Surfing WA. Our strong financial position will also see more resources for our clubs as both organizational and member development at a club level is one of several priorities under the strategic plan.

Following the re-structure of the Board under Constitution amendments adopted previously, Roger Goodwin joined the Board as our new SUP

nominee and Sam Vanderford moved into the newly created affiliated Club nominated directorship. Then early in 2013, long serving board member Tom Wilson stood down citing the need to spend more time on his business interests as a growing priority. I take this opportunity to record Surfing WA’s appreciation to Tom for his dedicated service on the Board. Tom was replaced by Mike Best, also a keen surfer with a strong business background. Mike has taken on chairing the new Board HQ sub-committee.

Other Board members have all taken on various responsibilities during the year or pursued representation of their nominated discipline. Tony Ince has continued as chair of the finance committee and Errol Considine has continued as chair of the Drug Aware Pro management committee. My appreciation is hereby recorded to all board members for their continued dedication, support and time given to the governance of Surfing WA. Appreciation is also recorded to past president Graham Brimage who continues to assist with advice and expertise in the management of the Drug Aware Pro Margaret River and other areas of importance to the development of Surfing in Western Australia.

Finally appreciation to our CEO Mark Lane and his staff group without whom none of the results outlined in this annual report would have been achieved. Laney, you continue to inspire us. I just hope we can continue to inspire you.

bob Welch oAMChairman

8 Annual Report

Page 9: Surfing Western Australia 2013 Annual Report

Ceo’s ARtiCle

Our past year of achievements both in and out of the water have been enormous and much credit needs to be given to the individuals and teams of people who manufacture these results for and on behalf of Surfing WA.

From a business and strategic perspective our results continue to impress. This year marked the final year of the Board’s three-year strategic plan. Ambitious targets were set back in 2010 incorporating various high performance, athlete and coach development targets, governance, revenue and membership growth initiatives, combined with a focus on various events along the competitive pathway.

The recent signing of a 5-year agreement with the ASP regarding the WCT elevation of the Drug Aware Margaret River Pro was further evidence of Surfing WA’s cementing our strategic intent to offer a comprehensive events calendar to our members and broader surfing community. The most pleasing aspect has been the buy in from all of our stakeholders, members and sponsors in achieving these fantastic results.

In the water, WA surfers have achieved at the highest level. Ten WA surfers are rated inside the top 50 in the world across the surfing codes, two of those Taj Burrow and Georgia Young are ranked within the top five and additionally Jacob Wilcox became the World U16 Champion earlier in the year. In addition, WA surfers took home a total of five National Titles over the past 12 months. Congratulations to all surfers for these outstanding performances.

In achieving such outstanding results we have been extremely fortunate to be partnered by some equally outstanding organizations. Healthway, via the SunSmart and Drug Aware messages, continues to support surfing programs that see these important messages delivered to millions of people.

The Department of Sport and Recreation continue to support surfing at all levels but in particular their support of individual athletes via scholarships and continued support at regional level have played a vital role in delivering these results.

Our friends at HIF have been generous in their support of our events program and are currently

working with us on ways to improve the safety of our members via an exciting jet-ski campaign.

The support of Eventscorp and the WA Government has been instrumental in assisting Surfing WA to secure and elevate our Margaret River event to its current level – their support across a number of platforms has been generous and well received. Clearly, these organizations are working examples of the great things that can be achieved by working in partnership.

Additional partnerships have also been created or enhanced at Local Government level – perhaps none greater than with the Shire of Augusta Margaret River. The support from all levels; Councillors, CEO, staff and the general community has been in part

responsible for our success. The exciting redevelopment of Surfers Point and surrounding areas is further evidence of the value of strong partnerships. We have also recently partnered with the City of Stirling and the Shire of Busselton to deliver events in these regions that inject much interest and promotion as well as an economic value to the region.

The challenge of delivering events and programs to surfers covering 3800km of coastline

has never been more evident. With the growth and popularity of the sport still increasing, so too does our obligation to support surfers and create opportunities across the four surfing codes at all levels.

In closing, much praise must be given to the Board of Surfing WA. These professional and highly skilled individuals have consistently offered expertise, advice and hundreds of hours of voluntary time to pursue these above mentioned results. It has been done with a purity that should be applauded. Much thanks to Bob Welch for his leadership and others who sit in additional committees outside of their Board commitments.

Finally, our full-time, part-time and casual staff who deliver surfing 363 days of the year, need to be recognized. Their contribution is highly valued. The consistency, passion and professionalism is noted and valued.

Mark laneCEO

Total revenue has grown in excess of 70% with a corresponding growth of 25% in membership.

Investment has increased by over 90% into

athlete, coach and team support – with “athletes

dividends” to match.

9Annual Report Surfing WA Annual Report 2011-12

Page 10: Surfing Western Australia 2013 Annual Report

suRFing WA suRF sChool

Since 1986 Surfing WA has successfully operated Learn to Surf programs for the WA community. Originally based at Scarborough Beach, the surf school relocated to Trigg Beach in the early nineties in a move that coincided with the venue change for the state headquarters.

During the past 27 years of operation, it is estimated that over 500,000 people have been introduced to the sport via a variety of programs on offer, including Learn to Surf weekend and holiday courses, Surf Grom and SUP courses, as well as our intermediate and advanced programs, all based out of Trigg.

Intermediate and advanced programs continue to produce young surfers who are great examples of how kids can move quickly through the surfing development pathway with expert coaching, from entry level through to elite.

After-school surf squads and monthly intermediate competitions continue to provide junior surfers with their first taste of what it’s like to compete in an event.

The introduction of stand up paddleboard (SUP) lessons has seen hundreds more people participating in and enjoying this hugely popular activity.

Further, Surfing WA has continued to expand our reach, delivering programs to over 100 local primary and high schools.

This effort, combined with the reach of our other licensed surf schools ensures that regardless of the location, safe and supportive programs are now delivered at over 30 iconic surf beaches state-wide.

10 Annual Report

Page 11: Surfing Western Australia 2013 Annual Report

suRFing WA suRF sChool

totAL suRfing WA suRf sChooL pARtiCipAtion numbeRs = 36,612

m | f

JAn

m | f

mAy

m | f

nov

m | f

mAR

m | f

sep

m | f

JuL

m | f

feb

m | f

Jun

m | f

deC

m | f

ApR

m | f

oCt

m | f

Aug

4000

3000

2000

1000

0

3500

2500

1500

500

pAR

tiC

ipAt

ion

nu

mb

eR

s

55yrs 36-54yrs 18-35yrs 13-17yrs u/12

pARtiCipAtion by Age

u/12 13 - 17 18 - 35 36 - 54 55+

pARtiCipAtion by gendeR

male female

56%

2% 1%

7%

47%53%

34%

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Page 12: Surfing Western Australia 2013 Annual Report

stAte suRF sChools netWoRK

Judging, CoAChing & oFFiCiAting

2013 has been a successful year for our 12 licensed surf schools across 30 of the state’s most iconic surfing locations. From Broome to Margaret River, down south to Esperance and here at Trigg, a combination of quality service, targeted programs and a true passion for the sport are driving forces behind our network, introducing more and more people to the healthy lifestyle that is surfing.

Participation numbers across the state show that this iconic sport and lifestyle still remains high on the list of interests for both males and females alike across a broad range of age groups.

Participation numbers have increased by 15% across the State for the year to date.

2013 suRf sChooLs

• Surfing WA - School of Surfing WA• Scarborough Surf School• Big Wave Surf School• Josh Palmateer Surf Academy• Margaret River Surf School• Yallingup Surf School• Due South Surf School• South Coast Surf School• Little Seeds Surf School• Midwest Surf School• Perth Stand Up Paddle School - New School

The success of our network is realised by quality coaches and their outstanding delivery of programs.

ACtive CoAChes in WA

male female

pARtiCipAtion numbeRs

male female

24,94229,758

72

34

In 2013, Surfing WA conducted 3 International Judging and Officiating courses attended by 35 participants and injecting a further 9 accredited officials into our system. A further 62 surf coaches were either upskilled or accredited through six different coaching courses.

12 Annual Report

Page 13: Surfing Western Australia 2013 Annual Report

high peRFoRMAnCe

Surfing WA has been expanding its High Performance Program from Regional Talent Squads into a State Talent Program.

Our priority is to consolidate and build a State HP system and culture that will see our elite surfers and coaches supported and serviced at all levels of the event and athlete pathway.

Key Components

• Designated regions for talent capture and resource allocation

• Talent ID pathway• HP athlete coaching and services• Event pathway• State Junior Team• Application of technology

state high performance networkCoaches conduct a number of HP training sessions throughout the year for their squads along with “Event Coaching” those squad members through the three Junior State Rounds. Coaches also work closely with the state teams for the National Titles.

In addition to surf and competition coaching, both the Metro and South West squads participate in a strength and conditioning (S&C) program created in collaboration with Surfing Australia’s Sports Science Manager, Dr Jeremy Sheppard. The Metro squad train with the Western Force S&C coach Louis Dallimore, while the South West squad work with qualified S&C coach Marg Rhodes.

south-West Mike McAuliffe (HP Mentor Coach)

gReAt southeRn Adrian shepherd

peeL pat Moran

mid-West neil thompson

metRo paul paterson neil thompson Mark Clift

giRLs stAteWide Claire bevilacqua

bodyboARd stAteWide Ryan hardy

13Annual Report

Page 14: Surfing Western Australia 2013 Annual Report

MeMbeRs

2013 has seen the roll out of improved member benefits and strong member communications. Our weekly member communications have featured news updates on WA surfers across all codes, competing both locally, nationally and internationally, as well as special “members’ only” deals.

Our monthly “WIN BIG” has seen members winning some awesome prizes from VIP Margaret River Pro experiences to new surfboards, wetsuits and apparel.

HIF have also been driving benefits for both members and the association through the HIF Jetski campaign, donating 12% of all members’ premiums who quote the HIF Jetski code towards

purchasing Surfer Safety Jetskis for Surfing WA, as well as generously giving Surfing WA members 12% off their annual HIF health insurance premium, resulting in substantial savings for members.

Members also enjoy the annual State Champions and Surfer of the Year Awards night during the Drug Aware Margaret River Pro to celebrate the year’s competitive achievements and come together as a collective group.

With the success of our membership initiatives from this year, 2014 is set to see an exciting new look membership to celebrate our 50 years, with some even more exciting member benefits, extending much further than just our competitors.

2013 Surfing WA online membership promotionSurfing WA membership benefits through sponsor HIF

Longboard & SUP State ChampionsJunior State Champions

WA Surfers of the Year: Jacob Willcox, Felicity Palmateer and Taj Burrow with Mark Occhilupo and Mark Richards

14 Annual Report

Page 15: Surfing Western Australia 2013 Annual Report

A solid media and communications platform and strategy has been in place this year, with a focus on connecting with our various member and stakeholder groups, as well as those interested and involved in what we do. By communicating regularly across a range of platforms we’ve seen significant growth in our media uptake, social media followers and content consumption.

Regular press releases, including ‘pre’ and ‘post’ event releases; weekly e-news, instagram, Facebook and twitter accounts, as well as regular vimeo clip production and frequent media and stakeholder communication are all a growing area of the organisation and we look forward to a continued and improved media and communications platform next year.

CoMMuniCAtions

2.5 million website hits

per year

on beach presence 363 days a

year

over 20,000 followers across our social media

platforms

500,000+ beach-goers to

trigg

2,392,637

views

Community And CommuniCAtions footpRint

Margaret River’s Josh Burke, Jacob Willcox and Shaun Manners getting snapped by The West at Trigg Beach

15Annual Report

Page 16: Surfing Western Australia 2013 Annual Report

boARdRiding Clubs

Boardriding Clubs form part of the crucial surfing pathway in Western Australia and are a large part of the coastal communities. They are widely recognised as the grass roots of surfing.

A number of new initiatives in 2013 has seen a boost in support and strengthening in the development of our clubs network.

A major focus of Surfing WA in 2013 was assisting clubs (particularly in regional WA) to build capacity and drive participation, as well as developing coaches and officials along with broader knowledge bases.

The introduction of the Club Grants Program in 2013, which offers clubs a number of services to enhance their capabilities, along with the employment of a part-time Club Development Manager (Mike McMonigal) and the appointment of an Affiliated Club

Representative onto the Board (Sam Vanderford) has allowed Surfing WA to better service and assist the large number of boardriders clubs across WA.

suRfing WA Assists And engAges With CLubs thRough the foLLoWing (but not Limited to):

• Supplying clubs with sets of competition rash vests• Advice on club governance issues• Promotion and support of key club events• Putting nominated club members through Level

1 Judging Courses• Offering individuals from clubs the opportunity

to participate in Coaching Courses• $500 Club Grant Program for use by each club

towards services suitable to their club needs• Involvement by clubs in selection of junior

surfers for talent development

Geraldton Boardriders

Margaret River Boardriders The Margaret River Boardriders ‘Autumn Classic’ held at Gallows in 2013

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Page 17: Surfing Western Australia 2013 Annual Report

With a large number of clubs (shortboard, longboard, bodyboard and SUP) spanning from Exmouth to Albany, there has always been a healthy rivalry between them. A number of inter-club events staged throughout the year ensures this passion runs high.

Many of the larger, more established clubs contribute to the annual calendar with long-standing events that generate strong community support and a high

level of surfing such as: Yal Mal, Whalebone Classic, Sunshine Surf Festival, Geraldton Winter Classic, Albany Wavefest, Gracetown Grommets and the Margaret River Classic.

Club competitions are often the for amature state surfers and the starting point for junior surfers who embark on their competitive careers to hopefully, one day, become the next world champion.

Ace Van Peer

Harry McPherson - Surf Beach Boardriders

2013 Surf Boardroom Surf League Tag Team Event Winners: Trigg Point Boardriders Club

City Beach Surfriders

Mitch Taylor

boARdRiding Clubs

WA’s Longest Running teAm suRfing event (21 yeARs)suRf boARdRoom suRf LeAgue

17Annual Report

Page 18: Surfing Western Australia 2013 Annual Report
Page 19: Surfing Western Australia 2013 Annual Report
Page 20: Surfing Western Australia 2013 Annual Report

MARgARet RiVeR pRo

The Drug Aware Margaret River Pro is WA’s largest surfing event attracting the best surfers on the planet cheered on by thousands of spectators and millions of world-wide viewers via live webcast.

This year saw the event return to WCT status as the second stop on the ASP Women’s World Championship Tour seeing the top 17 girls battle it out at Surfers Point for crucial points towards their world ranking.

Despite the Men’s event only being a Prime Tour event this year (boosting to WCT status in 2014) we still had 29 of the top 32 men in the world in attendance including current World Champion Joel Parkinson, Jordy Smith, Adrian Buchan, Julian Wilson and Adriano de Souza.

Mambo art wall

2013 Mens Champion Dusty Payne from Hawaii claiming the win over Australia’s Josh Kerr

World #5 Taj Burrow with 2012 ASP World Champion Joel Parkinson

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Page 21: Surfing Western Australia 2013 Annual Report

MARgARet RiVeR pRo

The 2013 Drug Aware Margaret River Pro saw a marked increase in media interest and attention due to a number of factors; the women’s division upgrade to WCT status, the men’s event being the only Prime rated event in the country, the men’s event upgrades to a WCT in 2014, 29 out of the 32 World Tour competitors attending, as well as the extended event period.

dRug AWARe mARgARet RiveR pRo inteRnet mediAwww.margaretriverpro.com

@margiespro instagram

gained 24,404 likes from 2,696

followers on 175 photos

/Margiespro Facebook page

had a 100% increase in followers from 2012

@margiespro twitter feed increased

the number of followers

by 55%

surfing WA

Vimeo statistics for the event week were in

excess of 735,000+

views

total Website

hits for 49,801,608 unique Viewers:

2,378,039total Viewers: 2,384,608 page

Views: 10,596,235international servers: 27

tRebLingMore than trebling the live online event

viewing

doubLingMore than doubling the global media

focus

five-foLdFive fold increase in

website visits and page views

4,000,000

3,000,000

2,000,000

1,000,000

unique vieWeRs inCReAse oveR thRee yeARs

2011 2012 2013

20,000,000

15,000,000

10,000,000

5,000,000

pAge vieWs inCReAse oveR thRee yeARs

2011 2012 2013

21Annual Report

Page 22: Surfing Western Australia 2013 Annual Report

MARgARet RiVeR pRo

dsR grom prixForty of the state’s best up-and-coming junior surfers got to experience a taste of professional surfing at the pinnacle of the State High Performance program – the Grom Prix, whilst competing on one of the biggest stages in professional surfing: The Drug Aware Margaret River Pro.

Throughout the weekend the surfers received insight from the country’s best coaches, participated in workshops to improve their career aspirations, meet the professional surfers competing in the main event and take part in a major event that has acted as a stepping stone for a number of young WA surfers.

Local Margaret River talent Josh Burke and Ella Massie took out the event against a strong field of surfers from across the state.

40 OF WA’S HOTTEST GROMMETS

AT WA’S BIGGEST SURFING EVENT

surfAid Corporate CupFor the second year running, Surfing WA hosted the SurfAid Corporate Challenge alongside the Drug Aware Margaret River Pro. Seven teams of four surfers with one pro as their captain raised in excess of $85,000 for the SurfAid Mother and Child Health Programs in the islands off Sumatra. Team CINEAds won the event for the second consecutive year, with Team Caporn Young taking out the fundraising title. Surfing WA supports SurfAid in a number of ventures and will continue to do so in 2014.

Team CINEads - SurfAid Corporate Cup Winners Team Caporn Young

hif pr

o Am title

s

22 Annual Report

Page 23: Surfing Western Australia 2013 Annual Report

eVent stAtistiCs

pARtiCipAtion by Age

u/12 u/18 u/30 over 30

pARtiCipAtion by gendeR

male female

67%

4%

19%

78%

22%

10%

totAL stAte event pARtiCipAtion numbeRs = 2,376

over 30 under 30 under 18 under 12

m | f

195Total

Gender m | f

415

m | f

109

m | f

298

m | f

109

m | f

184

m | f

840

m | f

112

m | f

114

400

450

500

550

600

300

200

100

0

350

250

150

50

pAR

tiC

ipAt

ion

nu

mb

eR

s

hif pr

o Am title

s

WA

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23Annual Report

Page 24: Surfing Western Australia 2013 Annual Report

eVents - stAte seRies

The diverse and exciting range of events offered across the 2013 Surfing WA events calendar sets it apart as one of the busiest in the country with over 30 state, specialty, national and international events held around Western Australia. Throughout the year Surfing WA’s events cater to four different disciplines and run from Geraldton in the North to Denmark in the South. Surfing WA events have travelled along some 1000kms of the WA coastline promoting and exposing the sport to a massive cross section of the WA community.

hiF WA pro Am series (Margaret River, gerladton, Rottnest island) The 2013 HIF WA Pro Am Series cemented itself as of one of the best semi-professional event series on offer in the country after being blessed with excellent conditions at each stop of the series. Many of the past, present and future surfing stars of Western Australia reveled in Margaret River, Geraldton and most memorably, Rottnest Island, where the HIF WA Pro Am Series saw the year’s best competition waves go down at Strickland Bay. The return of former ASP World Tour competitor Jake Paterson provided a massive boost for the series as he went on to claim three separate State Titles. Improved media coverage and distribution made this series a hit for surfers and sponsors. Winners of the Open divisions were treated to an all expenses paid trip to compete for WA at the Australian Surfing Festival thanks to HIF.

WA Junior series (Margaret River, trigg point, geraldton) To see the future potential of WA’s next generation of surfing stars, look no further than the WA Junior Surfing Titles. These events are the breeding ground for the state’s next future surfing champions. Travelling right across WA, the state’s best up and coming surfers aged from 10 – 18 years gain an opportunity to compete against their friends in a fun and safe environment. The WA Junior Surfing Titles remain the single most important junior event series held within WA, acting as the sole means of qualification for the pinnacle of junior surfing, the Australian Junior Surfing Titles. As surfing continues to grow in popularity more and more junior surfers are emerging, keen to test their skills against the likes of ISA U16 World Champion Jacob Willcox who has carved out his young career by surfing in these events.

Margaret River - Trigg Point - Geraldton

Brett Hardy Jerome Forrest Jake Paterson

Round 1 - 14 Boys Division Winners Josh Burke April McPherson

24 Annual Report

Page 25: Surfing Western Australia 2013 Annual Report

eVents - stAte seRies

sunsmart WA bodyboard titles (Mandurah, scarborough, yallingup) WA’s best bodyboarders enjoyed an epic 2013 with an exciting three event series offering competitors a chance to compete in some of the best waves the state has to offer, whilst mixing it up with some of the best up and coming talent in Australia. As the profile of bodyboarding continues to grow in WA, the sport is attracting many younger and more athletic competitors all wanting to follow in the footsteps of iconic West Australian bodyboarders including Ryan Hardy (Margaret River), Chad Jackson (Woodvale) and Brad Hughes (Trigg). The future of bodyboarding within the state is looking great, with the constant emergence of new talent and support of companies who are committed to the development of the sport at every level.

hiF WA longboard & sup titles (yallingup, denmark, Mandurah) Longboarding has a large and passionate following in WA, made evident by the surfers aged between 16 and 65 travelling to some classic locations around the state. The friendly and relaxed festival feel to the events, combined with a solid and well-organised club structure, has contributed to longboarding’s consistent increase in popularity and strong following. The 2013 HIF WA Longboard Titles once again incorporated the fastest growing water sport in the world, Stand Up Paddleboarding (SUP), making for the largest event series on the Surfing WA calendar. State Open male and female winners received an all expenses paid trip to Port Macqurie to compete at the 2013 Australian Longboard Titles courtesy of series sponsors HIF.

BODYBOARDT I T L E S

Mandurah - Margaret River - Metro

PRESENTS

2 0 1 3 W A

Brett Merifield - Yallingup Neil Thompson - Denmark Mandurah event at Avalon

Ben Veitch Lachlan McRobert Ryan Hardy

25Annual Report

Page 26: Surfing Western Australia 2013 Annual Report

eVents - speCiAlty

taj’s small Fries (yallingup) The Taj’s Small Fries Yallingup kicked off the 2013 Surfing WA events calendar with a massive response to Western Australia’s biggest specialty junior surfing event. Held at Shallows Beach just north of the iconic Yallingup Mainbreak from the 11th – 13th January, the event showcased the future talent in Australian surfing with WA’s own surfing hero Taj Burrow keeping a close eye on proceedings.

This year marked the eighth consecutive year in which the event has taken place in Taj’s hometown and again competitors were blessed with quality conditions and beautiful weather providing a showcase for the South West. Long considered one of the country’s biggest junior surfing events, the Taj’s Small Fries cemented its status in WA with record entries as surfers from Victoria, New South Wales and Queensland took on WA’s best and for the first time the event attracted international competitors from Indonesia who reveled in the pristine waters off Yallingup.

Jacob Willcox Taj Burrow & U/16 Girls Winner Billie Melinz Event Finalists

sunsmart WA school surfing titles (Mid-West, Metro, peel, south-West & great southern) The SunSmart WA School Surfing Titles are easily Surfing WA’s biggest participation based event of the year with over 800 students pulling on wetsuits and taking part in events held in 9 qualifying zones across the state: Great-Southern, South-West, Bunbury, Peel, Mid-West and four metro zones.

As surfing continues to grow in popularity, more and more high schools are incorporating the sport into their outdoor physical education programs, in turn increasing the demand for interschool surfing competition. The SunSmart WA School Surfing Titles provide a unique opportunity for students, both male and female, to surf and bodyboard with their peers in a relaxed and fun environment. Margaret River created history as they won their eighth straight Champion School Title ahead of 27 schools competing at the State Title.

SunSmart surfers Alex McGuffin (CBC Fremantle) Winning School: Margaret River Senior High

26 Annual Report

Page 27: Surfing Western Australia 2013 Annual Report

eVents - speCiAlty

Kailis’ King of the point (trigg point) Perth’s premiere and oldest cult surf event, Kailis’ King of the Point, made a triumphant return to Trigg Point in 2013 after a seven year spell. The event, which was last run in 2006 was resurrected this year when Kailis’ Beach Cafe owner and keen surfer George Kailis teamed up with Surfing WA, the City of Stirling and Rusty to bring back the iconic event. Over 100 surfers across all divisions competed for the largest prize purse of any local event to prove that the King of the Point was back in a serious way. A host of activities, live music and entertainment made for a memorable return of an iconic West Australian tradition which is set to get bigger and better.

surf boardroom surf league (scarborough) Surf League is Western Australia’s longest running and most prestigious inter-club surfing competition, which has been going strong since 1986. This epic event is pure grass roots surfing at its best and is the breeding ground of Australia’s next generation of surfers. 2013 celebrated the 21st anniversary of the Surf Boardroom sponsoring this iconic event. Scarborough Beach turned into a battlefield as six of the best boardriding clubs in the state including metropolitan based City Beach Surfriders and Trigg Point, as well as regional clubs Geraldton Boardriders, Surf Beach Boardiders, Mandurah Boardriders and Margaret River Boardriders battled it out for the $5,000 in cash and prizes in small but highly contestable 1-2 feet (1.0 metre) waves.

Rip Curl gromsearch (trigg beach) Held at five different locations around Australia on school holidays and weekends in the lead up to summer, the Rip Curl GromSearch series caters for male and female surfers in multiple 16 years and under surfers divisions. It is the only series in the country that incorporates a National ratings system for this age group and the partnership with Surfing Australia ensures a strong development channel for elite juniors, as well as providing up and coming surfers the opportunity to mix it with the best. An impressive list of previous winners includes multiple world champion Stephanie Gilmore, along with top riders Jordy Smith and Owen Wright.

26th-28th APRIL @ TRIGG POINT

International competitor Reef Doig Posca Expression Session Boys U16 winner Shaun Manners

Jake Paterson - King of the Point Max Marsden - Prince of the Point Claire Bevilacqua - Queen of the Point

27Annual Report

Page 28: Surfing Western Australia 2013 Annual Report

MoVing FoRWARd

Surfing WA will be launching into an exciting year of celebrations, new events and improved services next year in what will be our 50th year of operation.

A host of events to celebrate our 50 years will take place including the launch of our ‘50 Years of Surfing WA’ coffee table book featuring 50 stories of the people, places and events that have shaped our colourful history.

We will also be launching into the Margaret River Pro’s first year as a full Men’s and Women’s ASP World Championship Tour event at the newly upgraded ($6m redevelopment) Surfer’s Point, featuring the world’s best male and female surfers.

Learn to Surf programs will be delivered to over 70,000 participants state-wide and High Performance programs in five regions will continue to deliver National and International results.

Clubs will continue to be developed via the Club Grant Program with support provided for long-running iconic club events.

Members will enjoy a bigger and better events calendar and new look membership with improved benefits for our 50th Anniversary.

Our sponsors and valued partners will continue to receive a return on investment unmatched anywhere else with support and promotion across our programs, communications and events.

Anniversary book and celebrations

drug Aware Margaret River pro status upgrade

Affiliated boardriders Club grant programs

establishment of a second marquee event

individual & business community programs

high performance advancement

new look membership (Not just for competitors)

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28 Annual Report

Page 29: Surfing Western Australia 2013 Annual Report

sponsoRs

healthwayHealthway have been strong supporters of Surfing WA for close to 30 years now, with the sport of surfing a perfect fit to promote a healthy and active lifestyle, the SunSmart message and other health messages. Healthway seeks to promote and support healthy lifestyles to reduce the burden of preventable disease in Western Australia.

The key priorities for Healthway are reducing harm from tobacco, reducing harm from alcohol, reducing obesity and promoting good mental health.

sunsmart

Reducing harm from skin cancer and teaching people to be SunSmart is another of Healthway’s key priorities and Surfing WA does this actively throughout everything we do, particularly our surf schools and events programs.

be the influencetackling binge drinking

Be the Influence - Tackling Binge Drinking is addressing youth binge drinking and the influence of alcohol promotion on young Australians by promoting anti-binge drinking messaging through sport sponsorships. Under the partnership, Be the Influence -Tackling Binge Drinking is now a major partner of Surfing Australia with ASP World Tour competitors Owen Wright and Sally Fitzgibbons becoming Be the Influence Surfing Ambassadors.

Surfing WA supports and promotes this message throughout a number of key events and communications as part of the National network.

Five times ASP World Champion Stephanie Gilmore at the Drug Aware Margaret River Pro

29Annual Report

Page 30: Surfing Western Australia 2013 Annual Report

sponsoRs

hiF health insurance Fund of Australia (hiF)

Health Insurance Fund of Australia (HIF) is proudly Australian. Since beginning in 1954 they have grown into a provider of high quality health insurance solutions. Most of their members live in WA, but they also cover individuals, couples and families from every other state and territory of Australia.

HIF is an open access, not-for-profit health fund. Any surpluses they derive belongs to their members, and ultimately, are returned to members through lower premiums, new and better rebates and improved customer service.

HIF has been a long-time supporter of Surfing WA and in 2013 launched an initiative to help fund surfer safety jetskis for the association, as well as providing significant discounts to Surfing WA members on their health insurance, just for being a member of Surfing WA.

dsRdepartment of sport and Recreation

The Department of Sport and Recreation is the lead agency responsible for the implementation of government policy and initiatives in sport and recreation.

A key role of the department is to contribute to the healthy lifestyle of Western Australians by increasing physical activity in the community through sport and recreation.

Surfing WA is recognised by The Department of Sport and Recreation as one of WA’s leading sporting associations and are the peak body when dealing with all matters surf-related.

DSR are vital in our High Performance Pathway program, particularly in regional WA, and it is through working closely with them that we were able to supply 24 WA regional junior surfers with DSR Country Scholarships to assist in their development.

Great Southern High Performance Coaching Clinic

HIF Water Safety at the Drug Aware Margaret River Pro

Peel High Performance Coaching Clinic

Georgia Young 2x National Womens Longboard Champion

30 Annual Report

Page 31: Surfing Western Australia 2013 Annual Report

sponsoRs & VAlued pARtneRs

City of stirling

shire of Augusta Margaret River

City of busselton

West Coast suspensions

Kailis’ beach Café

surf boardroom

star surf shop

scott print

Mambo Rusty

the good guys Malaga

lexus of perth

surfAidCreatures of leisure

Rip Curlotis eyewear

Forte hospitality

Reflex Wetsuits

novaFound boards

Mount Franklin

starboard

SCARBOROUGH BEACH WESTERN AUSTRALIA

prepare print deliver

THE GOOD GUYS®DAVIDVICARS

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PROUDLY SUPPORTING SURFING WA & THE DRUG AWARE PRO.

TENANCY 1, 1915 BEACH ROADMALAGAPH: 9247 8200

BEACH ROAD

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EXHIBITION DRIVE

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Faye

PMP Digital Designer

Jacinta

31Annual Report

Page 32: Surfing Western Australia 2013 Annual Report

FinAnCiAls

A note fRom the finAnCe Committee (tony inCe)

This year has seen further financial consolidation with a modest surplus reported. This has allowed us to increase funding to the state teams and our elite programs, while setting aside funds for future projects such as the planned new premises.

The financial stability of the organisation is thanks to a process which allows the Finance Committee and the Board to constantly monitor income and

expenditure, and a continual monitoring of the finances by Mark Lane and his team.

Special thanks to the team for their efforts above and beyond the call of duty with the Margaret River Pro, a huge financial issue for us with a surplus to be made but with the real threat of expenditure blow-outs. With this success, a number of new sponsors have been sourced which allows us greater financial certainty.

stAtement of finAnCiAL position As of 30 June 2013

Page 4

Surfing Western Australia Incorporated Statement of Financial Position

As at 30 June 2013

Note 2013 2012 $ $ CURRENT ASSETS Cash Receivables Prepayments TOTAL CURRENT ASSETS NON – CURRENT ASSETS Property, Plant and Equipment TOTAL NON – CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and Other Payables Financial and Tax Liabilities Income in Advance Payroll Liabilities TOTAL CURRENT LIABILITIES NON – CURRENT LIABILITIES Financial and Tax Liabilities TOTAL NON – CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Opening Balance Net Income for the Year Revaluation Reserve TOTAL EQUITY The accompanying notes form part of these financial statements

1(d) 444,104 290,783 2 318,515 328,008 15,579 8,925 778,198 627,716

3 164,892 95,984 164,892 95,984 943,090 723,700

4 75,747 56,239 5

37,964 80,129

19,008 71,534

60,566 36,018 254,406 182,799

5 125,140 31,710 125,140 31,710 379,546 214,509 563,544 509,191

509,191 411,996 54,353 97,195 0 0 563,544 509,191

Page 4

Surfing Western Australia Incorporated Statement of Financial Position

As at 30 June 2013

Note 2013 2012 $ $ CURRENT ASSETS Cash Receivables Prepayments TOTAL CURRENT ASSETS NON – CURRENT ASSETS Property, Plant and Equipment TOTAL NON – CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and Other Payables Financial and Tax Liabilities Income in Advance Payroll Liabilities TOTAL CURRENT LIABILITIES NON – CURRENT LIABILITIES Financial and Tax Liabilities TOTAL NON – CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Opening Balance Net Income for the Year Revaluation Reserve TOTAL EQUITY The accompanying notes form part of these financial statements

1(d) 444,104 290,783 2 318,515 328,008 15,579 8,925 778,198 627,716

3 164,892 95,984 164,892 95,984 943,090 723,700

4 75,747 56,239 5

37,964 80,129

19,008 71,534

60,566 36,018 254,406 182,799

5 125,140 31,710 125,140 31,710 379,546 214,509 563,544 509,191

509,191 411,996 54,353 97,195 0 0 563,544 509,191

Page 4

Surfing Western Australia Incorporated Statement of Financial Position

As at 30 June 2013

Note 2013 2012 $ $ CURRENT ASSETS Cash Receivables Prepayments TOTAL CURRENT ASSETS NON – CURRENT ASSETS Property, Plant and Equipment TOTAL NON – CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and Other Payables Financial and Tax Liabilities Income in Advance Payroll Liabilities TOTAL CURRENT LIABILITIES NON – CURRENT LIABILITIES Financial and Tax Liabilities TOTAL NON – CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Opening Balance Net Income for the Year Revaluation Reserve TOTAL EQUITY The accompanying notes form part of these financial statements

1(d) 444,104 290,783 2 318,515 328,008 15,579 8,925 778,198 627,716

3 164,892 95,984 164,892 95,984 943,090 723,700

4 75,747 56,239 5

37,964 80,129

19,008 71,534

60,566 36,018 254,406 182,799

5 125,140 31,710 125,140 31,710 379,546 214,509 563,544 509,191

509,191 411,996 54,353 97,195 0 0 563,544 509,191

Page 4

Surfing Western Australia Incorporated Statement of Financial Position

As at 30 June 2013

Note 2013 2012 $ $ CURRENT ASSETS Cash Receivables Prepayments TOTAL CURRENT ASSETS NON – CURRENT ASSETS Property, Plant and Equipment TOTAL NON – CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and Other Payables Financial and Tax Liabilities Income in Advance Payroll Liabilities TOTAL CURRENT LIABILITIES NON – CURRENT LIABILITIES Financial and Tax Liabilities TOTAL NON – CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Opening Balance Net Income for the Year Revaluation Reserve TOTAL EQUITY The accompanying notes form part of these financial statements

1(d) 444,104 290,783 2 318,515 328,008 15,579 8,925 778,198 627,716

3 164,892 95,984 164,892 95,984 943,090 723,700

4 75,747 56,239 5

37,964 80,129

19,008 71,534

60,566 36,018 254,406 182,799

5 125,140 31,710 125,140 31,710 379,546 214,509 563,544 509,191

509,191 411,996 54,353 97,195 0 0 563,544 509,191

Page 4

Surfing Western Australia Incorporated Statement of Financial Position

As at 30 June 2013

Note 2013 2012 $ $ CURRENT ASSETS Cash Receivables Prepayments TOTAL CURRENT ASSETS NON – CURRENT ASSETS Property, Plant and Equipment TOTAL NON – CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and Other Payables Financial and Tax Liabilities Income in Advance Payroll Liabilities TOTAL CURRENT LIABILITIES NON – CURRENT LIABILITIES Financial and Tax Liabilities TOTAL NON – CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Opening Balance Net Income for the Year Revaluation Reserve TOTAL EQUITY The accompanying notes form part of these financial statements

1(d) 444,104 290,783 2 318,515 328,008 15,579 8,925 778,198 627,716

3 164,892 95,984 164,892 95,984 943,090 723,700

4 75,747 56,239 5

37,964 80,129

19,008 71,534

60,566 36,018 254,406 182,799

5 125,140 31,710 125,140 31,710 379,546 214,509 563,544 509,191

509,191 411,996 54,353 97,195 0 0 563,544 509,191

32 Annual Report

Page 33: Surfing Western Australia 2013 Annual Report

FinAnCiAls cont.

stAtement of inCome And eXpendituRe foR the yeAR end 30 June 2013

notes to the finAnCiAL stAtements foR the yeAR end 30 June 2013

Page 5

Surfing Western Australia Incorporated Statement of Income and Expenditure

For the Year ended 30 June 2013

2013 2012 $ $ Revenue Coaching Income 421,374 434,641 Competition Income 221,574 202,943 Event (International and Local) Income 2,027,122 1,416,523 State Teams Income 46,095 46,856 Grants and Sponsorship 323,450 335,368 Membership 18,033 15,340 High Performance Income 40,665 22,305 All other incomes 56,615 30,886 Sale Of Assets - - Administration Income 257,400 331,443 3,412,328 2,836,305 Expenditure Coaching Expenses 364,365 356,156 Competition Expenses 253,748 226,694 Event (International and Local) Expenses 2,062,095 1,448,343 State Teams and Expenses 82,431 84,048 High Performance Expenditure 56,241 36,944 All Other Expenses 539,095 587,343 3,357,975 2,739,528 Operating Profit 54,353 96,777

The accompanying notes form part of these financial statements

Page 6

Surfing Western Australia Incorporated Notes to the Financial Statements For the Year Ended 30 June 2013

1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act (1987). The Board has determined that the Association is not a reporting entity. The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act (1987) and the following Australian Accounting Standards:

(a) Basis of Preparation

AASB 112 Income Taxes AASB 1031 Materiality AASB 110 Events after the Balance Sheet Date AASB 117 Leases No other applicable Accounting Standards, Australian Accounting Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The financial report has been prepared on an accrual basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

(b) Financial Position

The financial report has been prepared on an accrual basis of accounting including the historical cost convention and the going concern assumption. The directors believe the adoption of the going concern basis is justified.

(c) Leases

Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the association, are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the Association will obtain ownership of the asset or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred

(d) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

(e) Property Plant & Equipment

Page 5

Surfing Western Australia Incorporated Statement of Income and Expenditure

For the Year ended 30 June 2013

2013 2012 $ $ Revenue Coaching Income 421,374 434,641 Competition Income 221,574 202,943 Event (International and Local) Income 2,027,122 1,416,523 State Teams Income 46,095 46,856 Grants and Sponsorship 323,450 335,368 Membership 18,033 15,340 High Performance Income 40,665 22,305 All other incomes 56,615 30,886 Sale Of Assets - - Administration Income 257,400 331,443 3,412,328 2,836,305 Expenditure Coaching Expenses 364,365 356,156 Competition Expenses 253,748 226,694 Event (International and Local) Expenses 2,062,095 1,448,343 State Teams and Expenses 82,431 84,048 High Performance Expenditure 56,241 36,944 All Other Expenses 539,095 587,343 3,357,975 2,739,528 Operating Profit 54,353 96,777

The accompanying notes form part of these financial statements

Page 6

Surfing Western Australia Incorporated Notes to the Financial Statements For the Year Ended 30 June 2013

1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act (1987). The Board has determined that the Association is not a reporting entity. The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act (1987) and the following Australian Accounting Standards:

(a) Basis of Preparation

AASB 112 Income Taxes AASB 1031 Materiality AASB 110 Events after the Balance Sheet Date AASB 117 Leases No other applicable Accounting Standards, Australian Accounting Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The financial report has been prepared on an accrual basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

(b) Financial Position

The financial report has been prepared on an accrual basis of accounting including the historical cost convention and the going concern assumption. The directors believe the adoption of the going concern basis is justified.

(c) Leases

Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the association, are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the Association will obtain ownership of the asset or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred

(d) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

(e) Property Plant & Equipment

33Annual Report

Page 34: Surfing Western Australia 2013 Annual Report

FinAnCiAls cont.

Page 6

Surfing Western Australia Incorporated Notes to the Financial Statements For the Year Ended 30 June 2013

1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act (1987). The Board has determined that the Association is not a reporting entity. The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act (1987) and the following Australian Accounting Standards:

(a) Basis of Preparation

AASB 112 Income Taxes AASB 1031 Materiality AASB 110 Events after the Balance Sheet Date AASB 117 Leases No other applicable Accounting Standards, Australian Accounting Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The financial report has been prepared on an accrual basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

(b) Financial Position

The financial report has been prepared on an accrual basis of accounting including the historical cost convention and the going concern assumption. The directors believe the adoption of the going concern basis is justified.

(c) Leases

Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the association, are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the Association will obtain ownership of the asset or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred

(d) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

(e) Property Plant & Equipment

Page 6

Surfing Western Australia Incorporated Notes to the Financial Statements For the Year Ended 30 June 2013

1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act (1987). The Board has determined that the Association is not a reporting entity. The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act (1987) and the following Australian Accounting Standards:

(a) Basis of Preparation

AASB 112 Income Taxes AASB 1031 Materiality AASB 110 Events after the Balance Sheet Date AASB 117 Leases No other applicable Accounting Standards, Australian Accounting Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The financial report has been prepared on an accrual basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

(b) Financial Position

The financial report has been prepared on an accrual basis of accounting including the historical cost convention and the going concern assumption. The directors believe the adoption of the going concern basis is justified.

(c) Leases

Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the association, are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the Association will obtain ownership of the asset or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred

(d) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

(e) Property Plant & Equipment

Page 6

Surfing Western Australia Incorporated Notes to the Financial Statements For the Year Ended 30 June 2013

1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act (1987). The Board has determined that the Association is not a reporting entity. The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act (1987) and the following Australian Accounting Standards:

(a) Basis of Preparation

AASB 112 Income Taxes AASB 1031 Materiality AASB 110 Events after the Balance Sheet Date AASB 117 Leases No other applicable Accounting Standards, Australian Accounting Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The financial report has been prepared on an accrual basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

(b) Financial Position

The financial report has been prepared on an accrual basis of accounting including the historical cost convention and the going concern assumption. The directors believe the adoption of the going concern basis is justified.

(c) Leases

Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the association, are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the Association will obtain ownership of the asset or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred

(d) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

(e) Property Plant & Equipment

Page 6

Surfing Western Australia Incorporated Notes to the Financial Statements For the Year Ended 30 June 2013

1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act (1987). The Board has determined that the Association is not a reporting entity. The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act (1987) and the following Australian Accounting Standards:

(a) Basis of Preparation

AASB 112 Income Taxes AASB 1031 Materiality AASB 110 Events after the Balance Sheet Date AASB 117 Leases No other applicable Accounting Standards, Australian Accounting Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The financial report has been prepared on an accrual basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

(b) Financial Position

The financial report has been prepared on an accrual basis of accounting including the historical cost convention and the going concern assumption. The directors believe the adoption of the going concern basis is justified.

(c) Leases

Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the association, are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the Association will obtain ownership of the asset or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred

(d) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

(e) Property Plant & Equipment

Page 7

Leasehold improvements and office equipment are carried at cost less, where applicable, and accumulated depreciation. The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to the association commencing from the time the asset is held ready for use. Leasehold improvements are amortised over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. Property is held at fair value with any unrealised movements being recognised in the revaluation reserve. Valuation by independent third party has been used to obtain fair value.

(f) Receivables

Trade receivables are recognised and carried at original invoice amount less a provision for any uncollectible debts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written-off as incurred.

(g) Trade and Other Payables Liabilities for trade creditors and other amounts are carried at cost, which is the fair value of the consideration to be paid in the future for goods and services received.

(h) Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the revenue can be reliably measured.

(i) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

(j) Employee Benefits Provision is made for employee benefits arising from services rendered by employees to balance date. These benefits include wages and salaries, annual leave, and long service leave. Liabilities arising in respect of wages and salaries, annual leave, and any other employee entitlements expected to be settled within twelve months of the reporting date are measured at their nominal amounts.

Employee benefits, expenses and revenues arising in respect of wages and salaries, non-monetary

benefits, annual leave, long services leave, and other leave entitlements, and are charged against profits on a net basis in their respective categories. Contributions are made by the association to an employee superannuation fund and are charged as expenses when incurred.

Page 7

Leasehold improvements and office equipment are carried at cost less, where applicable, and accumulated depreciation. The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to the association commencing from the time the asset is held ready for use. Leasehold improvements are amortised over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. Property is held at fair value with any unrealised movements being recognised in the revaluation reserve. Valuation by independent third party has been used to obtain fair value.

(f) Receivables

Trade receivables are recognised and carried at original invoice amount less a provision for any uncollectible debts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written-off as incurred.

(g) Trade and Other Payables Liabilities for trade creditors and other amounts are carried at cost, which is the fair value of the consideration to be paid in the future for goods and services received.

(h) Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the revenue can be reliably measured.

(i) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

(j) Employee Benefits Provision is made for employee benefits arising from services rendered by employees to balance date. These benefits include wages and salaries, annual leave, and long service leave. Liabilities arising in respect of wages and salaries, annual leave, and any other employee entitlements expected to be settled within twelve months of the reporting date are measured at their nominal amounts.

Employee benefits, expenses and revenues arising in respect of wages and salaries, non-monetary

benefits, annual leave, long services leave, and other leave entitlements, and are charged against profits on a net basis in their respective categories. Contributions are made by the association to an employee superannuation fund and are charged as expenses when incurred.

Page 7

Leasehold improvements and office equipment are carried at cost less, where applicable, and accumulated depreciation. The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to the association commencing from the time the asset is held ready for use. Leasehold improvements are amortised over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. Property is held at fair value with any unrealised movements being recognised in the revaluation reserve. Valuation by independent third party has been used to obtain fair value.

(f) Receivables

Trade receivables are recognised and carried at original invoice amount less a provision for any uncollectible debts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written-off as incurred.

(g) Trade and Other Payables Liabilities for trade creditors and other amounts are carried at cost, which is the fair value of the consideration to be paid in the future for goods and services received.

(h) Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the revenue can be reliably measured.

(i) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

(j) Employee Benefits Provision is made for employee benefits arising from services rendered by employees to balance date. These benefits include wages and salaries, annual leave, and long service leave. Liabilities arising in respect of wages and salaries, annual leave, and any other employee entitlements expected to be settled within twelve months of the reporting date are measured at their nominal amounts.

Employee benefits, expenses and revenues arising in respect of wages and salaries, non-monetary

benefits, annual leave, long services leave, and other leave entitlements, and are charged against profits on a net basis in their respective categories. Contributions are made by the association to an employee superannuation fund and are charged as expenses when incurred.

Page 7

Leasehold improvements and office equipment are carried at cost less, where applicable, and accumulated depreciation. The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to the association commencing from the time the asset is held ready for use. Leasehold improvements are amortised over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. Property is held at fair value with any unrealised movements being recognised in the revaluation reserve. Valuation by independent third party has been used to obtain fair value.

(f) Receivables

Trade receivables are recognised and carried at original invoice amount less a provision for any uncollectible debts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written-off as incurred.

(g) Trade and Other Payables Liabilities for trade creditors and other amounts are carried at cost, which is the fair value of the consideration to be paid in the future for goods and services received.

(h) Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the revenue can be reliably measured.

(i) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

(j) Employee Benefits Provision is made for employee benefits arising from services rendered by employees to balance date. These benefits include wages and salaries, annual leave, and long service leave. Liabilities arising in respect of wages and salaries, annual leave, and any other employee entitlements expected to be settled within twelve months of the reporting date are measured at their nominal amounts.

Employee benefits, expenses and revenues arising in respect of wages and salaries, non-monetary

benefits, annual leave, long services leave, and other leave entitlements, and are charged against profits on a net basis in their respective categories. Contributions are made by the association to an employee superannuation fund and are charged as expenses when incurred.

Page 7

Leasehold improvements and office equipment are carried at cost less, where applicable, and accumulated depreciation. The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to the association commencing from the time the asset is held ready for use. Leasehold improvements are amortised over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. Property is held at fair value with any unrealised movements being recognised in the revaluation reserve. Valuation by independent third party has been used to obtain fair value.

(f) Receivables

Trade receivables are recognised and carried at original invoice amount less a provision for any uncollectible debts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written-off as incurred.

(g) Trade and Other Payables Liabilities for trade creditors and other amounts are carried at cost, which is the fair value of the consideration to be paid in the future for goods and services received.

(h) Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the revenue can be reliably measured.

(i) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

(j) Employee Benefits Provision is made for employee benefits arising from services rendered by employees to balance date. These benefits include wages and salaries, annual leave, and long service leave. Liabilities arising in respect of wages and salaries, annual leave, and any other employee entitlements expected to be settled within twelve months of the reporting date are measured at their nominal amounts.

Employee benefits, expenses and revenues arising in respect of wages and salaries, non-monetary

benefits, annual leave, long services leave, and other leave entitlements, and are charged against profits on a net basis in their respective categories. Contributions are made by the association to an employee superannuation fund and are charged as expenses when incurred.

34 Annual Report

Page 35: Surfing Western Australia 2013 Annual Report

FinAnCiAls cont.

Page 8

Surfing Western Australia Incorporated Notes to the Financial Statements For the Year Ended 30 June 2013

2013 2012

$ $

2. Receivables Current Trade Debtors 333,421 343,008 Less Provision for Doubtful Debts (15,000) (15,000) Other debtors 94 - Total Trade and Other Receivables 318,515 328,008

3. Property, Plant and Equipment Plant & Equipment Plant & Equipment 261,050 172,422 Less Accumulated Depreciation (96,158) (76,438) Total Property, Plant & Equipment 164892 95,984

4. Trade and Other Payables

Current Sundry Creditors 25,830 12,064 Trade Creditors 45,453 44,175 Other Creditors 4,464 - Total Trade and Other Payables 75,747 56,239

5. Financial and Tax Liabilities Current Credit Card - Visa 10,095 10,765 GST Liability 27,869 8,243 37,964 19,008 Non-Current Hire Purchase Liability Less: Unexpired Interest

150,043 (24,903)

37,241 (5,531)

125,140 31,710

Page 7

Leasehold improvements and office equipment are carried at cost less, where applicable, and accumulated depreciation. The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to the association commencing from the time the asset is held ready for use. Leasehold improvements are amortised over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. Property is held at fair value with any unrealised movements being recognised in the revaluation reserve. Valuation by independent third party has been used to obtain fair value.

(f) Receivables

Trade receivables are recognised and carried at original invoice amount less a provision for any uncollectible debts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written-off as incurred.

(g) Trade and Other Payables Liabilities for trade creditors and other amounts are carried at cost, which is the fair value of the consideration to be paid in the future for goods and services received.

(h) Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the revenue can be reliably measured.

(i) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

(j) Employee Benefits Provision is made for employee benefits arising from services rendered by employees to balance date. These benefits include wages and salaries, annual leave, and long service leave. Liabilities arising in respect of wages and salaries, annual leave, and any other employee entitlements expected to be settled within twelve months of the reporting date are measured at their nominal amounts.

Employee benefits, expenses and revenues arising in respect of wages and salaries, non-monetary

benefits, annual leave, long services leave, and other leave entitlements, and are charged against profits on a net basis in their respective categories. Contributions are made by the association to an employee superannuation fund and are charged as expenses when incurred.

35Annual Report

Page 36: Surfing Western Australia 2013 Annual Report

360 West Coast Drive, Trigg 6029

p: PO Box 382, Karrinyup WA 6921

t: +61 08 9448 0004 F: +61 08 9447 0309

e: [email protected]

www.surfingwa.com.au