ANNUAL REPORT 2014Western Australian Rugby Union (inc.)
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
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 .......................................
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
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
6 RUGBYWA 2014 ANNUAL REPORT
In 2014 the club continued to take further steps towards our vision of becoming the most respected professional sporting club in Western Australia by 2016. We have identified that this vision will be accomplished through attaining our strategic pillars:• We are the best sporting club to play and work for,• Our style of play and development of people
will be widely recognised,• We are important and relevant to the local rugby
community,• We have a strong and committed supporter base,• We are a valued member of the wider community; and• We are self-sustaining
Partnerships
With our long-term partnership with naming rights partner, Emirates, coming to a close at the end of 2013, the club took an alternate approach to engaging a front-of-jersey partner/s, by offering individual jersey ‘real estate’ to local Western Australian businesses. This alleviated the decline in sponsorship revenue in a challenging wider economic climate and, importantly, provided us the opportunity to build partnerships while promoting these WA-based organisations to ensure we have a strong and local supporter base
Based on the success of this initiative in 2014, we have chosen to utilise this model again for the 2015 Asteron Life Super Rugby season.
Corporate Hospitality
Despite the challenges presented in light of economic downturn, particularly in the mining sector, our corporate hospitality revenue remained stable in 2014. However, with the new and additional facilities and corporate spaces available through the recent refurbishment of the ‘Force Field’ (nib Stadium), there is the prospect for further growth in this area to build on our supporter base.
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
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
8 RUGBYWA 2014 ANNUAL REPORT
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.)
9RUGBYWA 2014 ANNUAL REPORT
At the end of 2013, the Media & Communications department expanded to incorporate the marketing function of the organisation. This move was taken to provide greater alignment of our marketing and communications/media activities.
Marketing
We engaged 303 Lowe to assist with our campaign for 2014 – incorporating feedback gained from a series of focus group market research sessions conducted at the end of the 2013 season. The ‘#BELONG’ campaign was formed to incorporate all rugby-loving supporters in Western Australia – not necessarily just Force fans.
This campaign channelled into a number of new #BELONG events, including showing our first match of the season against the Waratahs on the big screen at Northbridge Piazza; a ‘Welcome’ at Claisebrook Station for our first home match against the Brumbies; as well as engaging with the McGrath Foundation for their ‘Pull On Your Socks’ campaign for our match against the Lions.
In order to provide a greater sense of identity for and belonging to the Western Force, nib Stadium was unofficially renamed the ‘Force Field’, while the RugbyWA training facility in Floreat was retitled, ‘The Home of the Western Force’.
Due to the late execution of the #BELONG campaign, it will be continued through the 2015 season, particularly around the 2015 membership campaign.
With a chief key performance indicator around ticket sales for the season, tickets sales budgets were exceeded for four of our eight home matches, while our overall season ticket revenue exceeded our budgeted amount.
The campaign was driven by our Brand Marketing Manager, Nicola Brandon, whose enthusiasm and fresh ideas were utilised by and extended across most areas of the organisation. At the end of the season Nicola took up a position with Brownes Dairy and we wish her all the best with her future endeavours.
Media
We enjoyed an increased media interest in the Western Force throughout the season, largely due to the team’s on-field success. However, despite the Force still in line for a possible finals berth, interest in the side dropped significantly following the June Test break.
We continued to work with our media partners – The West Australian, Channel 9, WAtoday, and 6PR (ad hoc basis). We continued to work in coordination with the local media, including Nick Taylor (The West Australian), Dale Granger (The Sunday Times) and Justin Chadwick (AAP), while
Channel 10, Channel 9, ABC, Fox Sports News and 6PR have also provided continual coverage through the season.
Several players assisted with regular media placements during the season, including Nick Cummins with Nathan, Nat & Shaun on Nova 937; captain Matt Hodgson was a weekly regular on 6PR’s Sports Today with Karl Langdon and Brad Hardie; Nathan Charles provided a weekly column for the readers of WAtoday; while several players were also guests with Adrian Barich, Angela Tsun and David Wirrapunda on the Dead Set Legends on 94.5.
2014 also witnessed the rise of the ‘The Honey Badger’ phenomenon, featuring Nick Cummins. On the back of several interviews on Western Force TV (YouTube channel) and post-match interviews, Nick gained international attention with a profile that transcended rugby.
We also received strong support for the Perth Spirit (Buildcorp National Rugby Championship) and our community rugby from a number of media outlets, including The West Australian, the Western Suburbs Weekly, the Wanneroo-Joondalup Times, the Sound Telegraph, SportFM and Twin Cities FM.
Communications
Our website continues to be a central information hub for information regarding the Western Force and RugbyWA. In 2014 our website underwent a redevelopment as we moved away from the Australian Rugby Union’s Shared Services Agreement. The website is to provide an improved user experience, aided by the consolidation of the number of microsites that were operating as part of the website. The redevelopment was carried out by local web development/marketing agency, Doghouse Media.
In 2014 our website received more than 1.25 million page views from 229,841 people visiting the site. We received 44.84% new visitors for the site.
In social media, our Facebook ‘Likes’ have more than doubled for a third successive year (21,216 to 54,043); and our Twitter following realised a 2,000 increase on last season’s growth (10,819 to 16,400). During the season we started our own Instagram account, with the channel already boasting 3,734 followers. We will continue to look to use these channels as a key fan engagement tool and look at new ways to grow these channels and initiatives to encourage further interaction.
Our YouTube channel nears 2,500 subscribers (more than double our 2013 figure) during 2014, however, the viewership received – on the back of several Nick Cummins interviews – was unprecedented. A montage of ‘Badgerisms’ (“NICK CUMMINS says the darndest things” – put together by Dave Berrie) garnered 673, 186 views, while ‘NICK CUMMINS: Says Thank You to the Sea of Blue’
Media and Marketing Report
10 RUGBYWA 2014 ANNUAL REPORT
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
11RUGBYWA 2014 ANNUAL REPORT
The 2014 Super Rugby season marked a significant step forward for the Western Force.
The team commenced the season with the aim of becoming the ‘most successful team in the club’s history’. This milestone was achieved in the 29-19 win over the Lions and then exceeded with our 30-20 win over the Queensland Reds.
In addition to this, the team also achieved the following club records in 2014:• most wins in the club’s history (9);• most consecutive wins in the club’s history (5);• most home wins in club history (6);• most consecutive home wins in club history (5);• Matt Hodgson becoming the first player to reach 100 matches for the club;• Eight locally produced players representing the Force;• Kieran Longbottom becoming the first WA player to play 50 matches for the club;
The Western Force finished the season one win (two competition points) away from an inaugural appearance in the Super Rugby finals, in third place on the Australian conference – including wins over three of the five finalists played.
COACH LED:
Our coaching staff, including David Wessels (Senior Assistant Coach), Kevin Foote (Attack/Backs Coach) and Dwayne Nestor (Academy, Kicking and skills) all provided excellent technical input and developed their knowledge and processes as the season evolved. Importantly, all coaches have displayed the qualities of leadership that marks them as Head Coaches at varied levels in the future.
In support of coaching, Damien Pacecca’s combination of IT skills and rugby experience were utilised to reach beyond data collection into data analysis, which presented an opportunity to challenge team strategies and tactics.
The full-time coaching staff were well supported by consultants Braam van Straaten (Kicking & PD initiative to Dwayne Nestor) as well as Philip (Chook) Fowler as strategist. Our off-season and pre-season training blocks targeted attaining the standards of the ‘fittest team in the clubs history’ which formed an important foundation piece in improved on-field results. This supporting program was implemented under the guidance of David Joyce (Head of Athletic Performance), Charlie Higgins (Head Strength & Conditioning Coach), Brendyn Appleby (Strength & Conditioning Coach), Louis Dallimore (Academy Strength & Conditioning Coach), Emidio Pacecca (Senior Physiotherapist), Sophy Foreman (Dietician) and our Team
Doctor, Dr Mike Cadogan and based on objective data.
Mark Calverley, our Team Manager, assisted ably by Adrian Blacker (Team Support Coordinator) and Jane Hambley (Rugby Logistics Coordinator) worked tirelessly to ensure all logistics and systems were aligned to best practices that consistently enabled the team to operate optimally.
In 2014 we improved our focus on the vocational and personal development of our players in a belief that it is our responsibility to ensure players move through their time with the Force developing strategies that will enable their success beyond their rugby careers. To that end, initially Ryan Webster and more recently, Sam Cox our Player Development Manager have both been proactive on this front. Specifically, Sam has begun to implement a number of initiatives that are focused on ‘developing the man behind the player’.
PLAYER DRIVEN:
Under the leadership of Captain Matt Hodgson and our Standards Group (Sam Wykes, Pek Cowan, Ben McCalman, Alby Mathewson, Kyle Godwin and Patrick Dellit) the team remained committed to the key value of ‘earning respect’ and drove to constantly improve standards of behaviour, preparation and performance. In 2014, an emphasis was placed on our ability to challenge one another and as a result, ‘play to dominate’, not just compete.
This combined with our experiences from the 2013 season, provided a greater certainty and belief in the character we wanted to display in our performances.
RECOGNITION:
Local:Our season was officially recognised at the Nathan Sharpe Medal Dinner, where Matt Hodgson was awarded the Nathan Sharpe Medal after an outstanding Super Rugby season. In addition, Sam Wykes and Ben McCalman were recognised for their excellent contributions, particularly in driving team standards and on-field performance, in jointly receiving the inaugural Geoff Stooke Medal, while lock Adam Coleman claimed the Rising Star as acknowledgement for an impressive debut Super Rugby season. Finally, Nick Cummins’ impact on matches and unique relationship with our supporters were highlighted in being awarded the Members’ MVP.
International:The success and the performances of the team on the field was in turn reflected in an increased number of players selected for national honours during 2014. Nick Cummins and Ben McCalman retained their positions within the Wallaby squad; Matt Hodgson and Pek Cowan were selected after three seasons outside the Test arena and Nathan Charles, Tetera Faulkner and Kyle Godwin all
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
13RUGBYWA 2014 ANNUAL REPORT
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
14 RUGBYWA 2014 ANNUAL REPORT
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.)
15RUGBYWA 2014 ANNUAL REPORT
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
16 RUGBYWA 2014 ANNUAL REPORT
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.)
17RUGBYWA 2014 ANNUAL REPORT
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
18 RUGBYWA 2014 ANNUAL REPORT
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.)
19RUGBYWA 2014 ANNUAL REPORT
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
20 RUGBYWA 2014 ANNUAL REPORT
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.)
21RUGBYWA 2014 ANNUAL REPORT
The Buildcorp National Rugby Championship (NRC) enjoyed its inaugural season in 2014 with the Perth Spirit competing as one of nine Australian teams in the provincial competition.
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
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
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
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.)
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
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.)
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
28 RUGBYWA 2014 ANNUAL REPORT
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
29RUGBYWA 2014 ANNUAL REPORT
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
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
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
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
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.)
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
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
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
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
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)
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.
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.)
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
42 RUGBYWA 2014 ANNUAL REPORT
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
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
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
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.)
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
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
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
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.
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.
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.
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.
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.
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.
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 $142,767 (39%) at 31 December 2013. Payment terms on these amounts have not been re-‐negotiated. However amounts thatare for hospitality will have access withheld until payment is received and as suchall receivables other than those specifically provided for are considered fully recoverable.
NOTE 6: INVENTORIESAt cost 75,470 22,896
75,470 22,896
NOTE 7: OTHER CURRENT ASSETSDeferred costs 71,813 82,149 Prepayments 52,624 -‐
124,437 82,149
WESTERN AUSTRALIAN RUGBY UNION (INC.)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 DECEMBER 2014
57RUGBYWA 2014 ANNUAL REPORT
2014 2013$ $
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 $142,767 (39%) at 31 December 2013. Payment terms on these amounts have not been re-‐negotiated. However amounts thatare for hospitality will have access withheld until payment is received and as suchall receivables other than those specifically provided for are considered fully recoverable.
NOTE 6: INVENTORIESAt cost 75,470 22,896
75,470 22,896
NOTE 7: OTHER CURRENT ASSETSDeferred costs 71,813 82,149 Prepayments 52,624 -‐
124,437 82,149
WESTERN AUSTRALIAN RUGBY UNION (INC.)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 DECEMBER 2014
58 RUGBYWA 2014 ANNUAL REPORT
2014 2013$ $
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)
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.
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
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
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.
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
64 RUGBYWA 2014 ANNUAL REPORT
203 Underwood Avenue, Floreat WA 6014
PO Box 146 Floreat WA 6014
Telephone (08) 9387 0700
Fax (08) 9387 2804
www.westernforce.com.au