Triathlon Australia Annual Report 2009-2010

Transcription

ANNUAL REPORT
2009/2010
Triathlon Australia Limited
ABN 67 007 356 907
Level 3 256 Coward Street
Mascot New South Wales
2020 Australia
Telephone +61 2 9972 7999
Facsimile +61 2 9972 7998
Email [email protected]
www.triathlon.org.au
All photographs used in this report are courtesy of Delly Carr
Principle Partner
CONTENTS
Mission Overview
4
Patron‟s Message
5
President‟s Review
6
Message from the Australian Sports Commission
9
Triathlon Australia Board of Directors
10
Triathlon Australia Executive Staff
12
Triathlon Australia State Associations
12
Triathlon Australia Committee Members
13
2009-2010 Around the Nation Highlights
14
National Duathlon Series Report
18
ITU Triathlon World Championship Series Grand Final, Gold Coast
19
ITU Long Distance Triathlon World Championships, Perth
20
ITU Triathlon World Championship Series, Sydney
21
Honour Board
22
Triathlon Australia Hall of Fame
23
2009/2010 National Age Group Champions
24
2009/2010 World Age Group Representatives
26
Committee Reports
30
2010 Sydney ITU WCS Committee
30
IT/Database Working Committee
32
2009/2010 High Performance Athlete Selection Committee
33
National Calendar Committee
36
National Technical Committee
36
Financial Report
3
38
Annual Report 2009/2010
MISSION OVERVIEW
VISION
“To be a leading triathlon nation and grow the sport of triathlon in Australia”
MISSION
“To ensure the existence of quality participation opportunities and pathways within
the sport of triathlon in Australia”
CORE BRAND VALUES
Health
Enjoyment
Belonging
Achievement
KEY OBJECTIVES
Organisational Excellence Objective
“To build a sustainable and prosperous organisation by enabling innovation, collaboration and excellence in the development of its assets”
Participation Objective
“To grow participation in the sport of triathlon by providing leadership and increased
opportunities”
Memberships Objective
“To grow membership by increasing the number of new members and retaining existing members”
Events Objective
“To ensure that opportunities exist at all levels to compete in events of the highest
quality through leadership and collaboration”
High Performance Objective
“Sustained international success through the provision of an effective and efficient
athlete and coach pathway”
Brand Objective
“To develop the brand of triathlon so as to increase external investment in the sport”
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THE PATRON OF TRIATHLON AUSTRALIA
Mr Phil Coles
As Patron of Triathlon Australia I am thrilled to have witnessed the
outstanding development of the sport since its first Olympic recognition at the Sydney 2000 Games.
It was at a meeting with President Juan Antonio Samaranch in
Paris during the 1994 IOC Congress that he first expressed his
wish to add two new sports to the Sydney Games programme. He
asked for my thoughts on the matter and I immediately suggested
Triathlon and Taekwondo. I considered Taekwondo worthy of inclusion because of its long history and large participation base. On
the other hand I believed Triathlon to be a wonderful candidate as a new sport which
offered an excellent concept for exciting television coverage, with appeal to all age
groups. Happily President Samaranch agreed that these two sports would be the
perfect additions for Sydney 2000.
As my interest in triathlon grew I became more involved in promoting the sport,
serving for a number of years as Secretary General of the ITU.
In 2000 the Sydney Olympic Games Organising Committee scheduled Triathlon as
the first event on the programme. As a result the world was able to thrill to the
spectacle of great athletes competing in an exciting new event with the beautiful
backdrop of Sydney Harbor and the Opera House. What a wonderful showcase for
Triathlon‟s Olympic debut.
Since that time world Triathlon has gone from strength to strength and Triathlon
Australia has produced a steady stream of outstanding and competitive triathletes.
Triathlon Australia is to be congratulated for its outstanding achievements.
I am very proud to have played a part in Triathlon‟s developmental journey and am
extremely honoured to be recognized as the Patron of Triathlon Australia.
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PRESIDENT‟S REVIEW
Mr Peter Hedge
Australians again dominated the world stage during this year and our congratulations go to Emma Moffatt who was crowned World Champion in the
Gold Coast as the Series winner of the ITU World Championship Series in
2009 and to Craig Alexander who was again crowned Ironman World Champion in Hawaii.
It was also my great pleasure to present the Australian Triathlete of the
Year Award to Craig Alexander at a ceremony in Mooloolaba earlier this
year.
The Triathlon Australia Hall of Fame was established during the year. The
inaugural inductees where Greg Welch, Michellie Jones and Miles Stewart.
These legends of our sport were deserving recipients of the inaugural awards.
Our country hosted the International Triathlon Union (ITU) World Championships in all three
ITU disciplines towards the end of 2009. The Sprint and Olympic distance World Championships were held on the Gold Coast and the Long Distance World Championships were held in
Perth. The events were an outstanding success and a credit to the organisers and the athletes
who participated.
Our sport returned to the site of the Sydney Olympic Games triathlon event when in April this
year we hosted the inaugural round of the ITU World Championship Series in Sydney. The
Sydney event is now a permanent feature in the ITU World Championship Series and will be
the cornerstone event for a weekend of triathlon activity including an Olympic distant age
group event in the centre of the city of Sydney. Such an event would not have been possible
without the significant support from Events NSW and our event delivery partner for this Sydney event, USM Events. The significant contribution of this event to the profile of our sport
cannot be underestimated.
The 2010 World Championship Series will be decided at Budapest later this year and Australians are again lining up for the podium.
One of the most significant achievements this year for the future development of our sport was
the finalisation by the Board of the 2010 – 2015 strategic plan for Triathlon in Australia. This
strategic plan was the result of significant time and effort from the Australian Sports Commission (ASC) working collaboratively with the volunteer and executive resources from amongst
our State and National associations. The document is available for all members to view on our
website. I commend this document to you as it serves as a guiding principle for our sport at
every level to align our interests and focus our energy to achieve a common goal.
The inaugural whole-of-sport conference titled “Share the Vision” in June 2010 has been hailed
by attendees as a watershed event aimed at bringing all the relevant stakeholders of our sport
together to share the vision outlined by the strategic plan, and to start working together to
ensure our sport develops for the benefit of all members.
As with all good strategic plans the ability to execute requires the appropriate structure and
resourcing to be established and this has been a priority of the current Board during its first
term in office.
A number of new subcommittees were formed and new blood introduced to existing committees. As a sport we are indeed indebted to those dedicated individuals who tirelessly support
these committees.
Our deepest appreciation to Frank Stapleton and those from his National Technical Committee
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who retired at the end of the financial year and congratulations to Jacqui Kenny and her newly
appointed team who took office as our new National Technical Committee at the end of June.
For the first time in many years a National Calendar Committee was formed and achieved the
objective of publishing a national calendar by the end of June this year. This committee will be
continuing to develop initiatives to manage and communicate this most important tool to our
members. Tony Newham as the inaugural Chairman and his team are to be congratulated on
their achievements.
Basic governance initiatives have also been a priority for the current Board. The newly formed
Finance and Audit Committee chaired by David Ferrier has achieved extraordinary results in
completing last year‟s accounts during the year and subsequently finalising the June 2010 audited financial statements attached with this Annual Report. Our sincere appreciation to David
Ferrier for his work in this area.
A significant project born out of our clearly defined strategic objectives has been a whole-ofsport IT/web database project. David Hislop initiated this project and as our inaugural Chair
formed a committee to develop our needs and specifications. Luke Littler, the current President of BRATS Triathlon Club, stepped up to the mark as work commitments took David away
from us and has continued to lead an outstanding group of individuals from across all States in
the development of this project . With National and State co-operation it is anticipated this
project will be completed during the forthcoming year. I am excited at the significant benefits
and opportunities this project presents for our sport and to each of us as individual members.
The executive resources within our national office have undertaken significant change during
the year. We have seen the departure of Andrew Hamilton after five years in the role together
with Karen Higgs, Jerry Wiltshire and Katrina Brown from the office. Our sincere appreciation
is extended to each of these individuals for the time and effort they have committed to the
development of our sport during their time with the Association.
A number of significant appointments have been made within our executive ranks. It is with
extreme delight that the Board was able to secure the appointment of Anne Gripper as the National Chief Executive Officer of our National Federation. Anne‟s appointment followed an executive search process which presented to the Board Selection Committee an outstanding
short-list of candidates. Having recently returned from a senior role with the International Cycling Union in Lausanne, Anne commences in her new role with Triathlon Australia in the middle of September 2010 and will bring an unprecedented level of experience to this vital role
within our organisation.
Pending the appointment of our new CEO, Alexandra Fehon assumed the role of our Senior
Executive Officer since March 2010. We are all deeply appreciative to Alex for stepping into
this role. Alex has done an extraordinary job with the assistance of all executive officers from
each State association and with the support and guidance of many National and State Board
members.
As the National sporting federation for Triathlon, we are privileged to be associated with the
Australian Olympic Committee (AOC) and to receive support for our high performance athletes
from the ASC, incorporating the Australian Institute of Sport (AIS). During the year the Crawford Report was a significant document addressing the issue of government funding for high
performance and development programs for sports within Australia. Through submissions by
the AOC and many other important national sporting bodies an outcome was achieved for
sports in Australia such as triathlon which is positive compared with the initial Crawford recommendations. As a National sport, we are grateful to all those who engaged in the debate and it
is at times like this that you realise the importance to us as Triathletes of being part of a
strong Association with direct links to the AOC and ASC.
There was much speculation and discussion amongst triathletes surrounding the decision by
the newly appointed Board not to proceed with the scheduled 2010 Challenge Series. It was of
course the only financially responsible course of action at the time.
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The continuation of our Australian championship events however remained paramount. Our
thanks and congratulations go to all those event organisers who partnered with our National
and State Associations during the year to host Australian championship events and to ensure
the pathways for our athletes to be recognised at a national level and represent Australia on
the world stage were maintained.
Vibrant relevant Australian championship events are so important to our sport for many reasons. This includes the creation of opportunities for our high performance athletes to hone
their skills in a competitive environment worthy of their participation. Furthermore the opportunity to enable our age-group athletes to participate in world-class events and provide opportunities to qualify to represent their country at world championship level is of great importance.
As a National association, the desire to develop a sustainable world-class national series has
remained on the Board agenda during this year. I am excited to confirm that arrangements
are currently being finalised to deliver a national series incorporating guaranteed prize money
for our professional athletes and television coverage for the event, two important criteria to
continue the development of our sport within the country at the highest level. The announcement of these races will be made during the forthcoming year and with the ongoing collaboration of the National and State associations I envisage the racing and triathlon opportunities will
continue to develop and evolve in line with our whole-of-sport strategy.
We continue to conduct an outstanding high performance and athlete development program
under the guidance of our Director of High Performance, Michael Flynn and our National Talent
and Development Manager Craig Redman. This is an area that the Board has identified as
having a great deal of potential for our sport. New partners and additional support from the
ASC should realise opportunities to develop the “pathway to podium” concept within our sport.
With the lead up to London 2012 and the announcement of the Olympic Games in Rio in 2016,
planning is well underway to identify and develop our next generation of medallists on the
Olympic podium.
In addition to our Olympic pathways one of the attractive features of our sport is its diversity.
From events aimed at promoting community health and wellbeing amongst our youth, sponsored by such organisations as Sanitarium, through to the ironman events now being developed by event organiser, WTC, our National, State and Club associations all play an important
role in ensuring the safety and fairness of such events for all our member participants.
Our sport only thrives through the many volunteers and executives who promote and support
the ideals and objectives of our Triathlon associations across the country. From those who rise
at 4am to ensure a safe and fair competition for their fellow members, to those who work in
the back office lobbying government and council authorities to allow us to use public roads and
facilities to enjoy our sport I extend our thanks and sincere appreciation on behalf of all Triathletes.
If we wish to have a strong and effective Triathlon Association in Australia which represents
our needs and warrants the attention and support from our community then we all must form
a cohesive and inclusive National Triathlon Association and be committed to supporting our
Association, unconditionally.
Finally, I wish to acknowledge and sincerely thank the Directors and staff of our National and
State Associations, and our affiliated Club committees, for their commitment and efforts during
the year and to everyone for sharing the vision for our sport of Triathlon in Australia.
Peter Hedge
President
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MESSAGE FROM THE AUSTRALIAN SPORTS
COMMISSION
The Hon. Warwick Smith AM, Chairman
Board of the Australian Sports Commission
It is an honour to serve as the new Chair of the Australian Sports
Commission (ASC) Board at this challenging and exciting period for
our national sporting system.
The ASC and national sporting organisations (NSOs) have long spoken of a shared ambition to strengthen relationships between all
system partners involved in Australian sport.
Aligned with this ambition, the Australian Government is now encouraging a whole-of-sport reform agenda, aimed at establishing a
more collaborative, efficient and integrated sports system.
Through new direction for sport „Australian Sport: the Pathway to Success‟, the ASC
will work closely with sport to achieve its main objectives; boost sports participation
and strengthen sporting pathways while striving for international success.
The reform agenda seeks for the ASC to assist to provide stability and support for all
sporting organisations in their pursuit of a shared, common purpose; creating a better sporting pathway for all Australians, from the grassroots up.
The ASC will implement the new direction, and this includes collaboration with all
NSOs to allocate a record amount of new sports funding – committing an extra $195
million over the next four years.
This funding is in addition to the current ongoing baseline funding for NSOs. Also, the
ASC will assist sporting organisations with access to coaching and officiating programs, governance support, planning and education opportunities and assistance
with becoming more inclusive – particularly in the areas of Indigenous sport, sport
for people with a disability, sport for people from culturally and linguistically diverse
backgrounds and women‟s sport development programs.
This is the first time key sport partners, such as state and territory institutes and
academies of sport and state and territory departments of sport and recreation, have
collaborated on a Commonwealth funding decision in the interests of Australia's
sporting future.
This is an exciting time for all of us involved in Australian sport. With significant new
funding from the Australian Government, sports will be better positioned than ever
before to lead the drive for higher participation levels and strong success on the
sporting field by promoting the unique nature of their sport, creating a legacy and a
lasting impression for communities across the country.
The ASC will continue to work with all NSOs, the state and territory institutes and
academies of sport and state and territory departments of sport and recreation, reinvigorating access to, and participation in, sport across the community and driving
Australia‟s continued sporting success.
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TRIATHLON AUSTRALIA BOARD OF DIRECTORS
Mr Peter Hedge
President
Resident of Sydney, NSW
Elected to the Board as President in November 2009
Peter is a former Partner of 16 years of PricewaterhouseCoopers and since 2003 has developed a career as an independent
consultant, interim executive and independent non-executive
director. Peter has extensive experience in risk management,
corporate governance, compliance, operational and strategic
planning, corporate restructuring, turnaround and business
management.
Peter assisted Triathlon Australia and the Australian Sports
Commission through various issues confronting the national
sporting federation in 2004. Peter has been an active triathlete
since the mid-80s and is a member of Balmoral Triathlon Club
in Sydney, remaining a regular competitor.
Mr David Ferrier
Director
Resident of Melbourne, VIC
Elected to the Board as Treasurer in 2009
David is a partner in the forensic accounting team of the international accounting firm KPMG, where he applies more than 20
years experience of accounting expertise to commercial and
family related disputes. He previously spent 18 months as the
Chief Financial Officer of a private business and is also the former Treasurer of Triathlon Victoria.
He has competed nationally for many years and represented
Australia in the age group team at the Vancouver World Championships in 2008 and as a Board member, combines his love
of triathlon with his financial acumen.
Ms Michelle Gallen Director
Resident of Melbourne, VIC
Elected to the Board in November 2009
Michelle has represented Australia in swimming, raced at elite
level in Olympic Distance triathlon and finished Ironman as an
age-grouper. She has served as secretary and treasurer of ACT
Rowing, Chair of the ACT Minister‟s Sport and Recreation Council, Chair of TA‟s Elite Selection Committee and on the Selection Appeals Board of Athletics Australia.
Michelle has legal qualifications including a PhD in sports law.
She has worked as a sporting events manager, sports law and
policy consultant, senior advisor and policy manager for ASADA
and is currently State Facilities Manager for Sport and Recreation Victoria.
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Mr Murray Hilder
Director
Elected to the Board in November 2009
Murray is a technical official with vast national and international
experience, having been involved in all levels of triathlon, from
juniors to world championships and Olympic Games. Murray has
competed in several Ironman races and is a member of Cronulla Triathlon Club, where he has served on the committee.
Along with performing various senior technical roles at international events, Murray held the role of Technical Chair and Race
Sanctioning Officer for Triathlon NSW from 2003-07, and was
instrumental in achieving NOAS accreditation for the Technical
Officials Program through the ASC.
He has qualifications in engineering and leads major infrastructure projects within the oil and gas industry.
Mr Anthony Beven Director
Resident of Canberra, NSW
Elected to the Board in October 2000
A lawyer by trade and equally qualified in economics and applied finance and investment, Anthony has been a TA Board
member since 2000 and is now in his fourth term.
Anthony has been involved at all levels of the sport: as an age
group representative at the first World Championships in 1989;
a committee member of the Papua New Guinea Triathlon Association (1996-1999); as race director of the Arafura Sports Festival Triathlon and numerous other races; and as President of
Triathlon Northern Territory (1993–1995 and 2002-2005). Anthony‟s interests and achievements in triathlon are constitutional reform, member protection, remote and regional triathlons and age group services.
Mr Tony Newham
Director
Elected to the Board in October 2008
Tony is a professional non executive director. He boasts a background in strategy within the financial services industry, having
held executive roles in some of Australia‟s largest banking and
wealth management companies.
He holds a Masters of Business Administration (MBA), a BA in
Business and is a graduate member of the Australian Institute
of Company Directors. Tony has a long history in triathlon, having competed as an age-group athlete for more than 15 years,
including the completion of four Ironman races.
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TRIATHLON AUSTRALIA EXECUTIVE STAFF
Chief Executive Officer
Mr Andrew Hamilton (departed 15 March 2010)
Ms Anne Gripper (commenced 15 September 2010)
Senior Executive Officer (15 March - 15 September 2010)
Age Group Development Manager
Mrs Alexandra Fehon
Corporate Services Manager
Mrs Joelie Chisholm (commenced 31 August 2010)
Project Manager
Kate Gallop (commenced June 2010)
High Performance Programme Staff
(Refer to page 35)
TRIATHLON AUSTRALIA STATE ASSOCIATIONS
2009/2010 year
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ACT
President
Executive Officer
Mr Garry Muir
Mr Mathieu Meriaux
NSW
President
Executive Officer
Mr Stephen Tudjman
Mr Peter Tate
NT
President
Executive Officer
Mr David McLeod
Ms Robyn Stanley
QLD
President
Executive Officer
Mr Michael Broadbent
Ms Joanna Robey
SA
President
Executive Officer
Mr Peter Smith
Ms Karen O‟Brien
TAS
President
Executive Officer
Mr Marcus Howard
Ms Amelia Pearson
VIC
President
Executive Officer
Mr Don Larkin
Mr Gavin O‟Sullivan (departed April 2010)
Ms Caryl Oliver (commended May 2010)
WA
President
Executive Officer
Mr Peter Rash
Ms Hayley Lethlean
TRIATHLON AUSTRALIA COMMITTEE MEMBERS
2009/2010 year
To following committees were established during the year to support the Board and
activities of the National Federation;
FINANCE AND AUDIT COMMITTEE
Chairman
David Ferrier
NATIONAL TECHNICAL COMMITTEE
Chairman
Frank Stapleton (30 June 2010)
Members
Peter Hedge
Tony Newham
Members
Phil Blumberg
Suzie Bower
Michael Haasmra
Murray Hilder
Roy Hopper
Bernard Page (Secretary)
Jon Treloar
Gai Webster
Dave Williams
Nimal Wrickmanasinghe
NATIONAL DUATHLON SERIES COMMITTEE
Chairman
Joanna Robey
Mathieu Meriaux
Members
Gai Webster
Glenn Schwarzel
Robyn Stanley
Peter Smith
David Wells
Karen O‟Brien
Amelia Pearson
Caryl Oliver
Brian Hinton
NATIONAL CALENDAR COMMITTEE
Chairman
Tony Newham
Members
Karen Higgs (Exec)
Mathieu Meriaux (ACT)
Peter Tate (NSW)
Robyn Stanley (NT)
Joanna Robey (QLD)
Karen O‟Brien (SA)
Amelia Pearson (TAS)
Gavin O‟Sullivan (VIC)
Hayley Lethlean (WA)
2009/2010 HIGH PERFORMANCE ATHLETE
SELECTION COMMITTEE
Chairman
Peter Fitzgerald
Members
Michael Flynn
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2010 SYDNEY ITU WCS COMMITTEE
Chairman
Malcolm Noad
Members
Andjelka Bubalo
Andrew Hamilton
Ian Harwood
Daryl Herbert
Murray Hilder
David Ray
Kevin Simmonds
Peter Tate
Stephen Tudjman
Brian Hinton
Greg Thompson (Treasurer)
Rebecca Wilmer
Jeremy Wilshire (Exec)
IT/DATABASE WORKING COMMITTEE
Chairman
David Hislop/Luke Littler
Members
Stephen Bridges
Alexandra Fehon (Exec)
Kate Gallop
Debbi Henniker
Mick Maroney
Joanna Robey
Gene Schembri (ASC)
2009-2010 AROUND THE NATION HIGHLIGHTS
TRIATHLON SOUTH AUSTRALIA
Membership of Triathlon South Australia passed 500 for
the first time in 2009/10.
The formation of a Race Committee resulted in a closer
interface with Race Directors and a review of the Annual
Race Program and the rules applying to sanctioned
events.
South Australians figured prominently in Australian
teams for the Olympic and Sprint Distance World Triathlon Championships on the Gold Coast and the Long Distance Championships in Perth.
Triathlon SA, with strong local community support,
hosted the 2010 Australian Duathlon Championship in
the Barossa Valley on a course that received universal
praise from elite competitors.
We inducted 4 members into the hall of fame and 1 life
member at a very successful presentation evening.
Our juniors program has been reignited and is attracting
interest from juniors from other sports.
EO Karen O‟Brien was the recipient of an Australian
Sports Commission 2010 Australian Sports Leadership
Grants for Women.
Most clubs strengthened their numbers, resources, facilities and race calendars during the year.
TRIATHLON NORTHERN
TERRITORY
Achieved an increase in number
of coaches and technical officials.
Appointed a Darwin based Junior Development Coach.
Introduced a junior development pathway.
A New triathlon club was set up
in Gove.
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TRIATHLON NEW SOUTH WALES
TRI NSW Women‟s Triathlon Camp - Held in
Forster in August, numerous best practice tips
for training and racing given to 50 enthusiastic
triathletes, combined with a Women's Triathlon
conducted by Forster Triathlon Club and partly
funded by Great Lakes Council.
At the prestigious NSW Sports Federation Annual Sports Awards held in February 2009, our
popular Ironman World Champion, Craig Alexander, was a finalist in the NSW Athlete of the
Year Award category.
Also during the year, TriNSW Technical Secretary John Smith received an Officials Recognition Award from the NSW Sports Federation for
his significant contributions to the sport, and
Murray Hilder and Dave Williams also received
Officials Recognition Awards from NSWSF.
TRIATHLON TASMANIA
Triathlon Tasmania hosted the Schools
Triathlon Challenge,
The programme was targeted at school
children, promoting participation in fun,
active and safe Triathlon events.
The initiative proved a great success,
with the Hobart event attracting over
2000 students and the Devonport event
attracting over 600 students.
Triathlon Australia fully supported this
exciting program, aligning with its overall State and National junior development pathway. More importantly, it met
all the rigorous safety and quality assurance standards set by Triathlon Australia under its sanctioning process.
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TRIATHLON WESTERN AUSTRALIA
Triathlon WA initiated some significant projects, delivering
greater benefits and support to the members and growing
the sport throughout the state:
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An environmental sustainability analysis of the sport
of Triathlon and an event sustainability review and
audit of the Busselton Festival of Triathlon.
Increased staffing with the inclusion of a Club Development Officer position to provide 2 full time staff positions and 3 part time positions across various capacities within the organisation .
Increased State Series Race Incentives to the value of
$17,000 for 11 races throughout the season.
Upgrades to TWA Office technology and equipment
allowing improved communications .
Increased funding support to the Technical Program
and support of TO‟s travelling interstate to gain experience.
Growth and development of the Triathlon Excellence
Program (TEP) through support from Triathlon Australia and the Department of Sport and Recreation WA to
improve athlete pathways, provide coaching support
to TEP athletes, provide travel support to TEP athletes
participating interstate and internationally, and to
provide sports science and sports medicine support to
TEP athletes.
Growth and improvement to the Busselton Festival of
Triathlon with the inclusion of an athlete
TRIATHLON AUSTRALIAN
function and medal ceremony.
CAPITAL TERRITORY
Triathlon ACT worked tirelessly
throughout the year resulting in
some major achievements;
Drove and obtained funding to
support the development of the
Active After School Communities
Triathlon Companion Book.
Managed the Australian Olympic
Distance Championships 2010 and
the Australian Duathlon Championships 2009.
Qualified a Junior athlete to the
Youth Olympic Game 2010.
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TRIATHLON QUEENSLAND
Triathlon Queensland successfully
achieved;
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A 22% increase in the number of
affiliated clubs to a total of 50.
Over 400 Queenslanders representing Australia at the 2010
Dextro Energy ITU World Championships on Gold Coast.
3 Metro and 2 regional coaching
courses.
40 new officials trained across
Queensland.
Over 60 sanctioned events
throughout the state.
A high selection rate into Elite,
U23 & ITU Junior teams.
TRIATHLON VICTORIA
The number and variety of triathlon events and their
hybrids is ever increasing as are the number of participants.
Triathlon is a tier one sport within the Victorian Institute of Sport and was well supported by the State
Government Departments.
The State office relocated to new premesis in the
Frankston Campus of Monash University.
Triathlon Victoria achieved the strengthening of the
pathways through the Triathlon Victoria Development
Programme and several new initiatives in schools.
We worked with Race Directors, the Victorian Institute
of Sport, the other States, State Government,
Clubs and other stakeholders such as Cycle Sport Victoria to further the objectives of our sport.
Triathlon Victoria achieved the successful running of
the Vic Championships, the Australian Olympic and
Short Course Championships, and Duathlon series.
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NATIONAL DUATHLON SERIES REPORT
Duathlon has played a minor role in our sport in Australia,
yet remarkably Australian athletes have performed very
well on the International Duathlon scene, often self
funded. The Australian medal tally at past World Duathlon
Championships was impressive, with 7 individual Elite Gold
medals, 4 Silver medals and 4 Bronze medals.
The Australian Duathlon Series aims to create an Australian wide competition that provides opportunity for Duathlon competitors to travel
and experience events in each state.
The Series combines a number of the larger
Duathlon events together into one single
competition. Much like the ITU Duathlon
Series, this Series gives competitors the
opportunity to compete together across
many different locations around the country. As no two events are the same in any
state, competitors are treated to a wide
variety of courses and conditions throughout the series.
While the Australian Duathlon Series is still running with 4 events left to go, there
has been a lot of interest in the Series by both competitors and locals alike. A lot of
positive feedback has also been received from completed events due to the quality of
event conditions and the high level of competition in no small part due to some big
names taking part in some of the events.
Race reports from the Gatton Grunt, TriNSW Duathlon and the Barossa Duathlon all
had a common theme to them; each provided an excellent course and the majority of
competitors had a great day out with elite Duathletes like Raf Baugh looking forward
to the events next season.
In 2011, the Series can only get bigger after the
amount of feedback by people involved, especially those who were interested in what other
events are on the calendar during the year.
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ITU TRIATHLON WORLD CHAMPIONSHIPS
SERIES GRAND FINAL, GOLD COAST
GOLD COAST SHINES IN WORLD SERIES GRAND FINALE
The eyes of the triathlon world focused on Australia in September when
the first ever grand final of the inaugural Dextro Energy Triathlon – ITU
World Championship Series was held
on the Gold Coast.
The Gold Coast proved to be a highly
desirable destination for international
athletes, securing a record Australian
age group team of 1,100 athletes
managed by Triathlon Australia. Perfect weather and a fast course saw outstanding
racing across all categories, with Australia collecting a number of age group medals,
and Emma Moffatt being crowned female Champion.
As the contracted event organiser, USM Events illustrated their scope and expertise
in delivering an entire multisport festival, enhancing Australia‟s reputation for hosting
world-class sporting events.
The opening ceremony and parade was attended by all 42 countries participating and
around 3,000, during which Emma Moffatt and Brad Kahlefeldt took the oath on behalf of all the Australian athletes. Welcoming speeches were made by Marisol Casado,
the President of the International Triathlon Union and Garth Prowd, the Event Chairman. In closing, the New Zealand men‟s team treated the crowds to a traditional
Haka. An ITU reception on race eve, featuring a welcome by Ron Clarke, Mayor of the
Gold Coast City Council, also hosted the sport‟s dignitaries and major partners.
The Australian team dinner in the giant on-site marquee incorporated Triathlon Australia‟s inaugural inductees into the Triathlon Australia Hall of Fame, with Greg Welch,
Michellie Jones and Miles Stewart duly recognised as champions of our sport.
We thank all those involved in this memorable event, including sponsors and exhibitors, caterers and competitors, the Australian team support staff at both elite and
age group level, and the hundreds of officials and volunteers.
19
ITU LONG DISTANCE TRIATHLON WORLD
CHAMPIONSHIPS, PERTH
GOING THE DISTANCE IN PERTH
Australia‟s rich tradition of hosting world championships continued when the 2009
ITU Long Distance Triathlon World Championships were held in Perth on October 25.
To put on a long course race in the middle of a capital city was quite an achievement
and one which required much planning and cooperation from Government and event
partners. Eventscorp, the tourism arm of the WA Government, were the major event
partner, providing an attractive event-specific website, branding requirements and
logistical support. Triathlon Australia, as event host, sub-contracted the operational
component to Tri Events who implemented a safe and visually spectacular course.
Langley Park, with its flat and scenic green space, proved a wonderful race site, enjoyed by locals but especially appreciated by the large international contingent. Support events in the form of an aquathlon, schools‟ event and sprint distance triathlon
added to the atmosphere and ensured the Village Expo was well attended.
An official on-site welcome and showcase of nations was well received by competitors, as was a sell-out closing ceremony that included an Aboriginal dance troupe.
More than 750 competitors from around the world took part in the long course event,
which was in line with projected numbers. They completed a 3km swim, 80km ride
and 20km run in and around the picturesque Swan River and surrounding roads and
parklands.
Reigning World Ironman champion Craig Alexander was the event ambassador and
proved to be a true professional and immensely popular figure in completing numerous speaking engagements, promotions and media commitments over the course of
the weekend.
20
ITU TRIATHLON WORLD CHAMPIONSHIPS
SERIES, SYDNEY
SYDNEY WORLD SERIES OPENER A HIGHLIGHT
Australia hosted one of the
premier triathlon events in
the world when the opening
round of the Dextro Energy
Triathlon – ITU World Championship Series took place
on the steps of the Sydney
Opera House on April 10.
The ITU utilised Sydney as
the perfect place to launch
the 2010 Dextro Energy Series. A group of the sport‟s
current stars joined ITU
President Marisol Casado and Olympic legend Edwin Moses - chairman of the ITU‟s
official charity, The Laureus Foundation - at a press conference overlooking Sydney
from the Intercontinental Hotel a few days prior to the event.
An official function hosting dignitaries and event partners at Government House on
the eve of the race afforded Triathlon Australia the opportunity to welcome guests,
launch the event and wish our elite competitors well.
Race day saw Sydney a solid spectator base, spectacular television coverage and
fast, exciting race. New Zealand veteran Kiwi Bevan Docherty and rising Chilean star
Barbara Riveros-Diaz were crowned the event‟s inaugural champions.
Only elite races were scheduled in this initial year. However, 2011 will see the introduction of age group races on what will surely be one of the most spectacular triathlon courses in the world, giving thousands of competitors the chance to ride over the
Sydney Harbour Bridge.
The race was the culmination of much behind-the-scenes work from Triathlon Australia, the International Triathlon Union and Events NSW, and USM Events and Triathlon
Australia looks forward to hosting this ground-breaking event for many years to
come.
21
HONOUR BOARD
Olympic Games
2000
2004
2008
Representatives
Michellie Jones
Nicole Hackett
Loretta Harrop
Peter Robertson
Miles Stewart
Craig Walton
Representatives
Gregory Bennett
Loretta Harrop
Rina Hill
Peter Robertson
Maxine Seear
Simon Thompson
Representatives
Courtney Atkinson
Erin Densham
Bradley Kahlefeldt
Emma Moffatt
Emma Snowsill
Medallists
Michellie Jones (silver)
Medallists
Loretta Harrop (silver)
Medallists
Emma Snowsill (gold)
Emma Moffatt (bronze)
Australia, with four medals from three Olympic Games, has won more Triathlon medals than
any other nation.
Commonwealth Games Medallists
2002
Miles Stewart (silver); Nicole Hackett (bronze)
2006
Emma Snowsill (gold); Brad Kahlefeldt (gold); Peter Robertson (bronze)
ITU Triathlon World Champions
1990
Greg Welch
1996
Jackie Gallagher
2001
Peter Robertson
1991
Miles Stewart
1997
Emma Carney
Chris McCormack
2003
Emma Snowsill
Peter Robertson
1992
Michellie Jones
1998
Joanne King
2005
Emma Snowsill
Peter Robertson
1993
Michellie Jones
1999
Loretta Harrop
2006
Emma Snowsill
1994
Emma Carney
2000
Nicole Hackett
2009
Emma Moffatt
2009 was the first year in which the ITU World Champion was decided over a series of races,
as apposed to a one-off event.
ITU Duathlon World Champions
1999
Jackie Gallagher
1992
Jenny Alcorn
ITU Long Distance World Champions
1998
Rina Hill
Ironman World Champions
22
1994
Greg Welch
2006
Michellie Jones
2007
Chris McCormack
2008
Craig Alexander
2009
Craig Alexander
TRIATHLON AUSTRALIA HALL OF FAME
Hall of Fame
Greg Welch (2009)
Michellie Jones (2009)
Miles Stewart (2009)
23
2009/2010 NATIONAL AGE GROUP CHAMPIONS
Sprint Distance
Female
Male
U20
Georgia Hardy
Shane Farrant
20-24
Tahnee Lawrence
Aaron Woolley
25-29
Jacqui Benoit
Matthew Craft
30-34
Christelle Van Niekerk
Todd Richardson
35-39
Jodi Heeney
James Symonds
40-44
Merryn Truskett
Mick Maroney
45-49
Cath Murray
Glenn Williams
50-54
Donna Hickey
Greg Douglass
55-59
Lynley Campton
John Graham
60-64
n/a
Ron Smith
65-69
n/a
Nelson Rainey
Olympic Distance
24
Female
Male
16-19
Kirsten Norden
Josh Berry
20-24
Tara Prowse
Nicholas Kastelein
25-29
Lisa Marangon
Chad Anderson
30-34
Caroline Sweeney
Michael Prince
35-39
Bev Thomas
Luke Grattan
40-44
Christine Wolfson
Mick Maroney
45-49
Narelle Talbot
Terry Moore
50-54
Janice Avery-Spoor
Kevin Goodwin
55-59
Belinda Soszyn
Crichton Collins
60-64
Anne Simmons
Kerry Dowling
65-69
n/a
Ken Murley
70-74
n/a
Lachlan Lewis
2009/2010 NATIONAL AGE GROUP CHAMPIONS
Long Distance
Female
Male
U20
n/a
Christopher Timson
20-24
Jessica Simpson
John Marsh
25-29
Anna Cleaver
Leigh Chapman
30-34
Caroline Sweeney
Nathan Fitzakerley
35-39
Christine Hemphill
Sean Brunt
40-44
Helen Roach
Matthew Koorey
45-49
Jenny Henville
Jeffrey Collier
50-54
Sandra Reid
Kerry Johnston
55-59
Belinda Soszyn
John Graham
60-64
Robyn Nordstrand
Ron Smith
65-69
n/a
Geoff Thorsen
Duathlon
25
Female
Male
16-19
Libby Morrison-Jones
Stephen McShane
20-24
Alyce Hutchings
Lindsey Wall
25-29
Yvette Fisher
Stephen Hadley
30-34
Wendy Walker
Raf Baugh
35-39
Nadelle Legge
Daniel Green
40-44
Christine Wolfson
Peter Walker
45-49
Su Pretto
Chris Southwell
50-54
Margaret Beardslee
Frank McShane
55-59
Robyn McClelland
Robert Pickard
60-64
n/a
Ron Smith
65-69
n/a
Volker Ecke
70-74
n/a
Lachlan Lewis
75-79
n/a
Robert Chapman
80-84
n/a
Radovan Leovic
2009/2010 WORLD AGE GROUP
REPRESENTATIVES
(G) Gold medal
(S) Silver medal
(B) Bronze medal
Sprint Distance Female
16-19
Amanda Bott
Adele Richards
Elkie Belcher
Emily Bevan
Cassandra Dodd
Jasmine Frankel
Sasha Frankel
Audrey Hall
Caitlyn Quinn
Amy Roberts (S)
Miriam Smith
Ella Trimboli
Siobhan Williams
20-24
Libby Clarke
Ashlea Clifton
Emma ComanJeffries
Hannah DanielLester
Katy Duffield
Michelle Duffield
(G)
Sarah Hickey
Karen Hill
Sarah Lester
Katherine Mckeon
Adrianna Scotti
Lisa Singleton
Maree Singleton
Tamara Slater
Renee Smith
Cassandra Turner
25-29
Tanya Aaskov
Amy Bennett
Sarah Calton
Camille Day
Lucy Eckermann
Sarah Ellis
Jemima Findlay
Conor Gilligan
Rebecca Godden
Stephanie Graves
Emily Jackson
Britta Jensen
Taya Leemeijer
Cathryn Mccann
Rose Mccaughey
Louise Mills
Nicole Moerig
Anna Mountford
Katie Nilan
Debra Owers
Christella Phipson
Emily Rooke (S)
Cara Schadel
Michelle Singer
30-34
Louise Arrigo (B)
Jodie Barker
Yolande Chumbley
Jacqui Elliott
Brooke Greer
Sophie Holt
Tricia Hughes
Angela Keyt
Nadine Mcmillan
Jodie Milwright
Erin Poulton
Lauren Robertson
(S)
Samantha Sturm
Ursula Townsend
Christelle VanNiekerk (G)
35-39
Patricia Adam
Amanda Allen
Aniva Cavanagh
Claire Dewar
Julie-Ann Dillon
Michelle Gallen
Julie Gollan-Foard
Jodi Heeney
Amanda Howell
Fiona Johnstone
Kellie Langley
Shelley MaxwellSmith
Sandra Mills
Kara Murphy
Katie O'Keeffe
Sally Smalley
Katie Summer
Teresa Theaker
Samantha
Thompson
40-44
Rachel Baker
Jo Bourke
Kelley Bright
Fiona Day
Judi Deverall
Tracey Foley
Pamela Greening
Jen Hoffmann
Megan Ingman
Judith Lowe
Margaret MacDonald
Yvonne Rash
Loretto Reiken
Natalie Roberts
Belinda Simmons
Julie Stevens
Clare Tudor
Belinda Vardy
Christine Wolfson
(G)
45-49
Louisa Abram
Lyndall Alexanderson
Christine Cook
Kathy Cornish
Sarah Crowe
Meridy Dunn
Trudy Fenton
Jennifer Ferguson
Deborah Hall
Jenny Henville (S)
Marion Hermitage
Kelly Hinds
Zoe Little
Karen Lowrie
Georgina MacDonald
Catherine Murray
(G)
Susan O'Keeffe
Denise Sandilands
Gail Singleton
Gayelene Clews
Linda Marsh
Lisa Skinner
Grace Stone
Rosalind Weaver
50-54
Rita Bennink
Caroline Brooks
Eleanor Dally
Jennifer Downie
Roslyn Ford
Elaine Handley
Donna Hickey (G)
Carla Horwood
Aileen Roberts
Jo-Ann Stevens
65-69
Pauline Wiltshire
(S)
55-59
Gillian Akers
Rosemary Crouch
Lois Sharp
60-64
Ann Blatchford
Heather Carr
Carol Cullen
Penelope Hepworth
Janice Iredale
Merri Mack
Jane Mountford
(G)
Christine Walker
(B)
Lyn Wright
Sprint Distance Male
16-19
Samuel Burston
Gareth Daniel
Luke Farrell
James Gould
Jack Hickey (S)
Benjamin Huggett
Ryan Mouritz
Jacob Owen
Branden Pearce
Liam Rapley
Brayden Tucker
Brendan White
Sebastian Betten
Elliot Brown
Simon Carey
Sam Douglas (B)
Eli Flannery
Hayden Gage
Lachlan Mcauliffe
Blayden Meagher
Nicholas Dougall
(G)
Cameron Weekes
20-24
Brendan Beavon
Andrew Brady
Andrew Crozier
Michael Edmondson
Matt Fitzgerald
26
Joseph Flannery
Steven Gleeson
Jason Harrod
Matt Hennessey
Aaron Hewitt
Strachan Kerswill
Chris Lock
Tom Manning
Nicholas Muxlow
Glenn O'Connell
Karl Reindler
Trent Timmers
Andrew Tyack
Michael Webb
Chris Wigell (G)
Drew Williams
25-29
Adam Cartmell
Adam Chadburn
Nathan Cochrane
Kurt Dreyer
Neil Fairley
Grant Garvie
Curtis Hancock
Todd Harris
Bradley Hector
Graham Hines
Luke Hughes
James Johnson
Matt Keays (B)
Matt Leabeater
Andrew Luraschi
Hayden Lyons
Caleb Mcinnes
Nathan Menzies
Nathan Mercurio
Gareth Munro
Adam Orr
Kane Picken
Cameron Scarce
Dan Smith
Brendan Wall
Nathan White
Nat Williams
Jamie Young
Wayne Eliot
30-34
James Billing
Brent Farrell
Roderick Fletcher
Jai Forster (G)
Tim Francis
Dan Getliffe
David Hamer
Robert Johnston
Steve Kanowski
Bevan Leach
Derek Lungu
Casey Mainsbridge
Peter Matthews
Casey Miles
Malcolm Parkinson
Luke Peterson
Daniel Pollard
Mark Quinn
Lyell Reck
Todd Richardson
Neil Robertson
Stephen Rouhliadeff
Corrie Rowlands
Michael Slater
Sean Smee
Paul Thistleton
Phillip Townsend
Aaron Wise
35-39
Matthew Blackwell
Craig Broadhurst
Corey Brough
Anthony Burke
Peter Costello
Rob Edwards
Brendan Flanagan
Ronald Frigo
Jason Gibson
Paul Hill
Peter Kent
Bruce Leaver
Kurt Lehmann
Mark Ley
David Lock
Craig Newton
Simon Newton
Mark Pacey
Brett Sellars
Laurie Shevlin
James Symonds
Mark Terracini
Jason Theaker
Chris Thynne
Mark Turner
Milan Volny
Troy Wannell
Matt Webster (B)
Drew Westbrook
Adrian Wrout
40-44
Steven Baker
Jeff Beavis
Mark Blake
Colin Clarey
Dwayne Currie
Craig Dangerfield
Steve Eastwood
Andrew Fisher
Rohan Force
Grant Gilbert (B)
Carl Hoddy
Darren Mabarrack
Mick Maroney (G)
Darren Matthews
Ron Meteyard
Rob Moulden
Paul Myatt
James Owen
George Pezaros
Sven Pischke
Russell Platts
Adam Radford (S)
Rob Raulings
Wayne Simmons
Michael Smith
Richard Stock
John Svanosio
Mark Tucker
Scott Wilson
Robert Zander
45-49
Nevin Agnew
Peter Allcroft
Peter Bolton (G)
Geoff Breese
Neil Brooks
Mark Browne
David Brukmann
Vic Caplikas
David Collier
Chris Davis
Colin Davis (S)
Craig Dennison
Steve Ellen
Todd Gibbons
Des Gooda
Christopher Hackett
Dale Hancox
Graeme Hosking
Martyn Hughes
Mark Jeffrey
Gavin Mortlock
Richard Newton
Peter O'Shaughnessy
Michael Pratt (B)
Barry Rix
Geoff Seawright
Mike Simpson
Neil Soden
Jim Sturgess
Gary Tall
Peter Townsend
50-54
Peter Brown
Simon ButlerWhite
Anthony Caiafa
Terry Crowe
Neil Cullen
Peter Cumming
Greg Douglass
Miles Dracup
Martin Durkin
Kevin Goodwin (B)
Geoff Hare
Phillip Hermitage
John Hickey
Peter Hinds
Vincent Hopgood
Richard Lenard
Rical Leung
Andrew Loose
David Mckean
Greg Nugent
John O'Connell
Kevin OrrmanRossiter
Shayne Quinton
Peter Rash
Ian Rea
Darryl Scott (S)
Garry Simes
Steve Squire
Michael Varker
Scott Wolfson
55-59
Gary Adam
William Bardsley
Neville Barry
David Baussmann
Tony Brady
John Bugden
Chris Cameron
Anthony Chapman
Clive Choate
Ian Gilmour
Wayne Heathcote
Ralph Joyce
John Meacham
Douglas O"Hanlon
Mark Preston (S)
Robert Von Nesselrode
James Warren
John Warren
Peter Watts (B)
60-64
Graham Beale
Peter Cartmell
Phillip Crombie
Robert Eadie (G)
Peter Hennessey
(S)
Doug Luckman
Trevor Mathews
Peter Mcdonald
Peter Pracy
Marcus Roberts
Don Smith
Ron Smith
Philip WilkinsonHayden Wright
65-69
Peter Battrick
Otto Jaeger-Lund
(B)
Ken Murley (G)
Dennis Pender
Peter Smith
Kevin Taylor
Ivan Wiltshire
William Winter
70-74
John Bennetts
(S)
Leonard Foard
(B)
Michael Roberts
80+
Radovan Leovic
(G)
Olympic Distance Female
16-19
Ashlea Allen
Alex Bailie
Jaimi Chisholm
Carla Doyle
Gabrielle Dufty
Adrienne Elmitt
Sarah Frawley
Ella Holmes (G)
Emily Neville
Kirsten Norden
Kelly Penfold
Essie Rodgers
Liz Tosh
Chloe Turner (S)
Jordyn Turner
20-24
Juliana BahrThomson
Katie Bell
Penny Brown
Jemma Burtonwood
Skye Cibich
Tyneal Clark
Zoe Duffy
Meegan Farrawell
Sarah Fletcher
Tessa Garside
Courtney Gilfillan
(G)
Erin Heard
Sarah Hughes
Alyce Hutchings
Gabrielle Lanman
Grace MacPherson
Krista Meares
Jayne Moyle
Madeleine Oldfield
(B)
Keira Pride
Tara Prowse
Matilda Raynolds
Ange Ritchie
Shae Thomas
Erin Wallace
Jacqui Waters
Stephanie Zervaas
25-29
Melanie Ades
27
Amy Bradley
Nicole Cattanach
Dannielle Cousins
Sandy Crowe
Natalie Dellow
Jasmin Dillon
Jennifer Erskine
Yvette Fisher
Emma Foster
Kate Grattan
Peri Gray
Tineke Hancey
Cassandra Hoare
Beata Janetzki
Jacqueline Kelly
Carrie Lester (G)
Katrina Mercer
Elizabeth Moore
Bree Morris
Kate Nind
Sally Parker
Rachael Paxton (S)
Cassandra Percival
Kristy Richardson
Jodie Spottiswood
Belinda Wannell
Jacqueline Watts
Rebecca Wiasak
Regina Wright (B)
30-34
Melissa Beadman
Katie Court
Ali Crichton
Elsa Dent
Julie Dockray
Yvette Eglinton
Jessica Fleming
Melanie Gillespie
Nicola Gregory
Kimberley Holman
Christine Hughes
Kym Jaenke
Renae Jones
Suzanne Mclucas
Tamlyn Mathiske
(S)
Sarah Mehaffey
Kellie Moule
Anastasia Munro
Kylie Pepper
Lucie Richards
Alison Ryan (B)
Natalie Smith
Shannon Smith
Elizabeth Stretton
Elvira Stromback
Caroline Sweeney
Renate Tirpcou
Jenelle Weatherstone
Danielle Welsh
Greta Truscott
35-39
Marcelle Arkadieff
Kylie Bernoth
Lisa Cash
Mia Cottrell-Dormer
Anna Davis
Vanessa Dellow
Vicki Dessa
Bridget Dixon
Jocie Evison
Liz Fancutt
Sarah Fitzgerald
Jodie Furness
Natasha Gilmour
Niki Hale
Jade Hancock
Rachael Hayek
Sharyn Madders
Danielle Mccormack
Melanie Newton
Carly Phillpotts
Julie Sager
Jane Snowden
Helen Stark
Beverley Thomas
(B)
Christina Thorne
Kate Walker
Belinda Ward
Vanessa Williams
Janine Wilson
Tracey Zammit
40-44
Lisa Albinus
Jenny Barwick
Debrae Beecher
Christine Bell
Megan Cahill
Angela Clarke
Sarah De Wolf
Sonja Dyason
Sara Finch
Tracy Foyster
Emma Gillard
Karen Guy
Karon Handy
Petro Kuiper
Nathalie Laurendeau
Anne Martin
Leanne Miller
Christine Moore
Heidi Moore
Joanne O'Dwyer
Michelle O'Toole
Juliet Plumb
Donna Powell
Helen Roach
Elizabeth Sinclair
Tracey Spindler
Sally Taggart (B)
Jacinta Vines
Rowena Walker
Gayle Young
45-49
Kerry Bailie
Natalie Brianese
Carol Bruce
Mary Bussell
Maureen Cummings
Nicola Debuse
Janet Ferguson
Julie Foster
Jody Gilchrist
Roselyn Gucul
Lynne Hackett
Louise Ibbotson
Leonie Keilour
Judy Lind
Leanne MacPherson
Nicki Mantova
Susan Murray
Judith O'Shea
Deborah PiercyJulianne Quaine
Amanda RichardsSue Rymer
Annette Sampson
Margaret Simms
Margery Smith
Narelle Talbot
Shaune Wakeman
Loretta Wesley
(G)
Louise Wilson
Jane Yovich
50-54
Jenny Alcorn
Lynette Atkin
Janice AverySpoor
Lise Benjamin
Alison Caiafa
Andree Carr
Annette Chatterton
Nancy Cullen
Maryanne Davis
Kim Elvery
Catherine Fullford
Coral Goss
Anne Jennings
Anna Koblova
Bette Mcguane
Robyn Metcher
Jasmine Ormsby
Sharon OrrmanRossiter
Katherine Reid
Sandra Reid
Susan Scott
Belinda Sharpless
Suzanne Shaw
Jan Smeaton
Kay Sutton
Elizabeth (Liz)
Swinton
Jo Teske
Cheryl Wallace
Julie Watson
Wendy Wise
Margot De Gannes
Hazel Edmond
Elly Fawcett
Janet Gorst
Catharina Hamilton
Julie King
Jennifer Lucas
(B)
Georgann McEwan
Robyn Mcclelland
Cheryl Ogden
Fayleyne Preston
Kate Rowe
Deborah Shapira
Katrina Sinclair
Susan Stevenson
Monica Stewart
Sandy Tindale
Catherine Tulloh
Catherine Verry
Jennifer Waters
Kerry Wilson
60-64
Carol Bennett
Anne Besser
Jan Billinness
Pam Brass
Carolyn Corlass
Susanne Gould
Barbara Gruber
Jill Harris
Sharyn Holmes
Robyn Morgan
Jenny Tanner
65-69
Lorrie Bishop
Ann Palmer
55-59
Christine ArnoldMaureen Boswell
Anne Cunningham
Jan Daley
Lynn Davies
Olympic Distance Male
16-19
Ryan Bailie (G)
Taylor Cecil
Nicholas Dowell
Matthew Eastwell
Jarrod Harvey
Duncan Houston
Joseph Kierath
James Lewin (S)
Michael Lori
Liam Mccloskey
Jamie Meyer
Christopher Micallef
Campbell Schmidt
Matthew Shipard
James Smith
Daudi Somi
Finian Stronach
Drew Viles (B)
20-24
Dom Aungles
Nathan Barry
Scott Baxter
Rowan Beggs - French
Charlie Boyle
Brady Butcher
Naish Chapman
Brett Cooper
Monty Frankish
Brodie Gardner
Geordie Fyfe
Michael Glover
Ben Hammond
Nicholas Hull
Jayden Hunter
Mitchell Kibby
Daniel MacPherson
Bryce Mcmaster
Nick Murray
Nicholas North
Todd Robinson
Richard Rouse
Louis Russell
Brent Schuster (S)
Mark Simpson
Leigh Stabryla
Jamie Stanley
Richard Thomas
Lajos Varga
Lindsey Wall
25-29
Chad Anderson
Steven Anstee
Paul Attard
Simon Bevege
Damien Bulters
Leigh Chivers
Richard Church
Peter Court
Chris George
Nicholas Gilbert
Anthony Goss
Shannon Gration
Stephen Hadley
Rod Hutchinson
Daniel Hyde
Zane Jones
Michael Kent
Richie Lewis
Adam Linacre
James Mcdougall
28
Nicholas Mckeon
Brynt Mcswain
Stephen O'Brien
Ashley Portas
Alexander Reithmeier
Ricky Swindale (B)
George Tamblyn
Chris Teede
Matthew Warrington
Greg Woodward
30-34
Brett Archbold
Dan Atkins
Peter Barker
Adam Beckworth
Tim Berg
Matt Breakspear
Daniel Brickell
Jason Claridge
Brad Dalrymple
Troy Drinan (G)
Tyron Easterbrook
Nathan Fitzakerley
Dwain Fitzsimmons
Charles Griffith
Tim Guille
Robert Harris
Glen Janetzki
Brad Johnson
Simon Johnson
Shane Limmer
Brett Morgan
Simon Nash
Jason Nuttman
Craig O'Connell
Maren Preston
Michael Prince (S)
Peter Read
Shane Robinson
Christopher Weier
Andrew Wilkinson
35-39
Corey Bacon
Peter Barrett
Simon Bennett
Chris Bradford
Shaun Broadbent
Timothy Calver
Ethan Clark
Finnbar Crennan
Andrew Cross
Brendan Deurloo
Paul Dodd
Stuart Durham
Albie Firley
Andrew Fuller (S)
Shane Gale
Jordan Gover
David Hendrey
Aaron Hill
Mads Larsen
Scott Lawton
Rhett Pattison
Jeremy Ryan
Paul Shearer
Stewart Sheffield
John Siede
Cameron Simon
Dmitri Simons
Andrew Simpson
Clint Van Beveren
Clinton Watson
40-44
Ron Acutt
Gary Binet
Dean Blond
Andrew Cahill
Mark Clough
Gregory Cox (G)
Nicholas Croft
Paul Dilkes
Max Fegan
Jim Finlay
Stephen Foster
Grant Fuzi
Darren Hardstaff
Duncan Henderson
Bradley Hosking
Daryn James
Dean Jamieson
Anthony Marchesani
Ian Martin
Rod Marton
Tony Mcintyre
Ross Pedlow
Michael Priest
Michael Roberts
Danny Salter
Garry Stevens
Angus Taylor
Mark Taylor
Peter Walker
Matthew Wolstencroft
45-49
Garry Alston
Michael Anderson
Phillip Baigent
Michael Bowles
Steve Bridges
Shane Campbell
Jeffrey Collier
Adam Coombe
Beven Ernst
Mark Fiore
Paul Hayden
David Huggett
Scott Irons
Brendan King
Philip Lean
Stephen Lingard
Mark Martin
David Mcdonald
Chris Mead
John Meagher (G)
Terence Moore
Terence Roberts
Paul Rohwer
Reg Sheridan
Jeremy Smith
John Stekelenburg
Christopher Thompson
Brett Whiteoak
Glenn Williams
Ian Williams
50-54
Mark Batten
Neville Bradshaw
Jeff Carver
Peter Clark
Christopher Dean
Malcolm Dow
Kevin Duffy
Tony Duffy
Mike Dunstan
Stephen Fenton
Kevin Fergusson (G)
Paul Francis
John Glen
Martin Lord
Malcolm MacKay
Neil MacPhee
John Maguire
Neil Measday
Greg Mitchell
Alan Nicholls
Neil Oxley
Darrell Patrick
John Rafter
Lawrence Reece
Glenn Schwarzel
Barry Silverlock
Michael Swinton
William Thornbury
Adam Tonakie
Geoff Van Wachem
55-59
Graeme Cole
Crichton Collins
Rowland Cook
Rod Cunningham
John Dixon
Mark Gardiner (B)
Craig Glass
John Goode
Greg Hales
Philip Hanley
Rod Harrod
Geoffrey Holt
Neil Holt
Rob Howitt
Jon Howse
Werner Hrastovec
Gregory Jones
Graeme Kelly
Brian Kennelly (S)
Chris Kiley
Roy Kisbee
Ken Mewha
Andrew Murray
Richard Norris
Dennis Parker
Robert Pickard
Robert Picken
Errol Ross
John Singleton
Mark Woods
Peter Holgate
Eric Jarrett
Rob MacKenzie
Peter Neville
Peter Nickless
Mark Patterson
Peter Ranford
John Rogers
Timothy Sandilands
Robert Scott
Kyran Stutterd
David Taylor
Gary Turner
Con Vayanos
David Wells
65-69
Neil Ball
Ross Bambery
Daryl Bates
Peter Battrick
Peter Bennett
Loch Blatchford
Les Caldwell
Brian Chandler
Bernard Crowe
Alex Hamill
Bruce
Higginbotham
Raymond Hunt
Noel Middlecoat
Iain Montgomery
David Sylow
David Wilson
70-74
Colin Andrews
Lachlan Lewis
Keith Pearce (G)
Richard Thomas
75-79
Brian Lynch
Jolyon (Jo) Ward
AWAD Category
One
Bill Chaffey (G)
60-64
John Allen
Brian Barr (G)
Michael Besser
James Box
Peter Clarke
David Coulter
Charles Coville
Ric Coyle
Rick Daley
Noel Devine
Kerry Dowling
Stephen Flick
Graham Gibson
Jonathan Hamwood
Bob Harlow
Long Distance Female
20-24
Caitlin Bridgland
(S)
Tessa Garside
Laura Harris
25-29
Ailie Coulter
Sandy Crowe
Julie-Ann Davies
Lisa Delaurentis
Jasmin Dillon (B)
Michelle Gailey
Maree Hryniuk
Lauren Jones
Jacqueline Kelly
Carrie Lester (G)
Morgan Marsh
Kellie Mathers
Lisa O‟Neil
Kellie PrtichardPescek
Kimberley Russell
Julie Saunders
Jodie Spottiswood
Nat Summer
Jenni Tibbits
Brenda Turner
Anna Vrolijks
Natasha Wise
Christelle Van
Niekerk (G)
Danielle Welsh
Malanie Wray
35-39
Leslie Clerke
30-34
Annie Edwards
Simone Allison
Jocie Evison
Kerry Auguston
Natasha Gerebtzoff
Jodie Barker
Alison Hale
Sarah Crealy
Christine Hemphill
Jillian Deveney
(B)
Anne Garton
Hannah Lawton
Lyndall Hillbrich
Kimberley Holman Danielle McCormack
Carly Phillpotts
Natalie Lincoln
Belinda Seccombe
Julia Marr
Amanda Smith
Fiona Marvis
Karen Tallis
Kate Murphy
Beverley Thomas (G)
Anna Pang
Belinda Ward
Catherine Thiele
Melanie Watson
Sarah Thompson
Melinda Westall
Liz Vadas
Vanessa Williams
Lara Zeccola
Helen Vagnoni
Loretta Wesley
(G)
40-44
Cecile Beams
Angela Clarke (B)
Judi Clemie
Rebecca Errey
Kirsten Gorman
Lisa Harding
Jenny Hart
Debbi Henniker
Judy-Ann Keplin
Petro Kuiper
Suzzanne Laidlaw
Traci Martina
Lesley McDonald
Jodie Mcleod
Linda O‟Connor
(G)
Helen Roach (S)
Natalie Roberts
Sally Scaffidi
Susan Scott
Elizabeth Sinclair
Tarnia Stone
Donna Todesco
Joanna Wakefield
Suzanne Watt
45-49
Garry Alston
William Armstrong
Michael Baber
David Blakey
Stephen Blunt
Michael Bowles
Sandy Burt
Michael Colquhoun
Adam Coombe
Paul Courtney
Mark Fiore
Peter Goldie
Michael Griffiths
Darryl Harris
Michael Hill
Timothy Howley
Richard KelsoMarsh
Adrian McKnight
Allan Moustoukas
Derrick Murray
Mark Norman
John O‟Connor
Malcolm Pitt
Rex Robinson
Brett Shepherd
Jeremy Smith
Craig Steen
Darryl Stratford
Lyle Turner
Christopher
Wooldridge
Richard Burnell
Mark Collins
Greg Douglass
Miles Dunstan
Kevin Fergusson
(G)
Jonathan Flannery
Jim Hedderwick
Phillip Hermitage
Laurie Irvine
David Laidlaw
Lindsay McAuliffe
Brian McKinnon
Frank McShane
(S)
Alan Nicholls
John Nolan
Kevin OrmanRossiter
Steve Pappas
Ben Parsons
Richard Pryor
Peter Rash
Clive Roberts
Jose Sanchez
Barry Silverlock
Dean Sneddon
Ian Thomas
Peter Wheatley
Angus Lawson
Chris Mehaffey
Raymond Passmore
Robert Pickard
Rodney
Turner
David Whiteley
55-59
Ross Allen
Tony Brady
Peter Butterworth
John Graham
Geoffrey Grose
Wayne Heathcote
Rob Howitt
Chris Kiley (G)
Neville Knuckey
AWAD
Andrew Elridge
Robert Thomas
45-49
Kerry Baile (B)
Bernadette Berlyn
Anne Brinkworth
Naomi Edmunds
Dot Foster
Julie Foster (S)
Liana French
Lisa Gulikers
Marion Hermitage
Leonie Keilour
Sue Libbis
Karyn Lowe
Jill Pattison
Leonie Pedrazzini
Gayle Power
Su Pretto
Dianne Scott
Mary Sietsma
Desiree Silva
50-54
Mary Cornelius
Nancy Cullen (S)
Gaye Dadd
Julienne Drysdale
Karen LethleanTurner
Mary Mitchell
Krissa O‟Neil
Sharon OrmanRossiter
Katherine Reid
Robyn Scott (B)
Kay Sutton
Nancy Warnock
55-59
Helen Freer (B)
Janet Gorst
Cheryl Ogden
Long Distance Male
16-19
Michael Hely
Elliott Wise (S)
20-24
Matthew Bailey (S)
Charlie Boyle
Adi Cohen
Jayden Hunter
Thomas Jeffrey
Shane Laszczyk
Nicholas MillettChris Mumme
Nick Murray
Glenn O‟Connell
Richard Rouse
Samuel Watson
25-29
Cameron Bartram
Michael Baruch
Andrew Caune
Nick Conway
Steve Davis
Stephen Evans
Ben Griffin
Stephen Hadley
Alex Larson
Andrew Luraschi
Nicholas Mckeon
Brynt McSwain (S)
Adam O‟Byrne
Mark Oliphant
Brock Prime
Simon Rate
30-34
Douglas Brightwell
Brad Campbell
Matthew Currie
Troy Drinan (G)
Nathan Fitzakerley
(S)
Luke Goard
Jeremy Hanrahan
Travis Haslam
Matthew Lamont
Raymond Lampard
Aaron Marshall
Glenn Martinovich
Paul McKiernan
Steven Newman
Jason Nuttman
Michael Outhred
Jason Pye
Shane Robinson
Charles Rodgers
Shane Thompson
Tim Thomson
35-39
Paul Battistella
Roderick Chisholm
Stuart Durham
Shane Gale
Matthew Jennings
Anton Kapel
Peter Kent
Todd Martin
Neil Mendum (S)
Vince Middleton
Jeremy Millar
Craig Morgan
Anthony Palmer
Anthony Parker
Mick Purton
Garry Robinson
Grant Rollo
Glenn Sadler
Stewart Talbot
Mark Tucker
Clint Van Beveren
Nathan Warburton
Simon Webber
Shao Wu
40-44
Boey Alam
Steve Atkins
Steven Baker
Stuart Butler
Grant Cameron
Mark Clough
Larry Cohen
Daniel Ellaway
Geoff Evison
Craig Garland
Brett Gilby
Mark Hoffmann
Bradley Hosking (S)
Craig Kimpton
David Matthews
Steve McKellar
David McLeod
Paul Newman
Anthony Norwood
Shaun Parkinson
Michael Priest
Michael Roberts
Bruce Rose
Tim Scott
Michael Skerritt
Matthew Wolstencroft (G)
Russell Platts
50-54
Mark Batten
Steve Bertling
60-64
Rob MacKenzie
Brian Barr (G)
Michael Besser
Steve Brown
Graham Crocker
(B)
Bob Harlow
Peter Hennessey
Brian Rabinowitz
Peter Ranford
Peter Sheridan
Daryl Stanley
65-69
Trevor Skewes
(B)
70-74
Frederick Neilson
Duathlon
30-34
Luke Preston
29
35-59
Todd Martin
Johnny Papas
40-44
Greg Baxter
55-59
Mark Dawson
60-64
David Wells
75-79
Robert Chapman
(B)
COMMITTEE REPORTS
2010 Sydney ITU WCS Committee
“On behalf of the entire triathlon family, I’d like to say that we are thrilled to return to Sydney. On September 16, 2000, I saw hundreds of thousands of passionate fans line the streets
of Sydney to witness triathlon’s debut in the Olympic Games. Spurred on by the encouragement of the spectators, our top athletes showcased the true essence of triathlon – passion,
intensity and charisma – attributes that continue to add to the sports growing popularity.”
Marisol Casado: ITU President & IOC Member
Following a near ten year break of hosting triathlon, on April 9 2010, the Sydney Opera House
forecourt provided an absolutely stunning theatre for the series opener of the 2010 World
Championship Series. With the impressive backdrop of the Sydney Opera House, Harbour
Bridge and the city skyline, Sydney was the ideal venue to launch the 2010 season for the ITU.
So much so the arrangement between the ITU and Triathlon Australia was brokered in late
September 2009 in haste to commence proceedings along with strong support from Event
NSW.
Not since the 2000 Olympic Games has an Elite Olympic distance event of this magnitude been
staged. Certainly the pressure was on from September 2009 to commence planning and arrangements to execute an event of similar success. In all 17 government agencies required
engagement and approvals on the course that comprised of 2 x 750m laps in Farm Cove, 8 x
5km laps along Macquarie St, Cahil Exp and College St, and 4 x 2.5km laps of Macquarie St
and Cahil Exp.
During earlier phases the Triathlon Australia Board was very much conscious of conducting a
tendering process to determine and further a partnership in assisting Triathlon Australia with
managing the event based on having similar discussions with members during the 2009 AGM.
Via a process USM was appointed the Race Director to work with Triathlon Australia , the ITU,
Event NSW and respective agencies. Since their appointment in December 2009, USM had
conducted an immense amount of work under the circumstances. The success of the event
would not have been even half of what it was without the undertaking and support of USM.
Strong support was also delivered through Triathlon NSW in delivering a 200+ volunteer army,
and a lure of guaranteed entry to the 2011 Age Group event.
The diligence of the sub-committee and leadership provided by an impartial chairperson was
another important element in the delivery of the event. So much so the event budget produced
a surplus, produced a management plan that was executed ahead of schedule and delivered
infrastructure to suit the strict requirements expected of the ITU.
Further to the event and actual race day the sub-committee arranged press conferences and a
series launch announcement of a new partnership between the International Triathlon Union
and the Laureus Sport for Good Foundation, the charitable arm of the charitable arm of the
Laureus World Sports Academy also attended by Laureus World Sports Academy Chairman
Edwin Moses. Customs House provided the Event Hub and central base for proceedings, race
briefings, media centre. A VIP function was also held at Government House for event sponsors,
Laureus members, elite athletes, officials, supporters and the opportunity to welcome triathlon
back to its rightful home – Sydney.
The Sydney race was broadcast live and aired worldwide in more than 100 countries on five
different continents. Live streaming via the ITU website also provided coverage to an extended
audience that viewed the sunny skies and near perfect conditions on the day.
30
April 2011 will once again play host to the series launch of the World Championship Series. An
exciting Age Group event shall also be staged to a magnitude never before staged in the history of the sport in the country – and one not to be missed.
The committee would like to acknowledge the following organisation and individuals for their
involvement and support;
Events NSW
NSW Department of Premier and Cabinet
USM
Maritime NSW
City of Sydney
NSW Fire Brigade
NSW Ambulance Service
NSW Police
NSW Health
Royal Botanical Gardens
Rail Corp
South East Sydney and Illawarra Area Health Service
RTA
St John‟s Ambulance
State Transit Authority
Sydney Harbour Foreshore Authority
Sydney Ferries
Sydney Ports Corporation
Sydney Opera House
31
IT/Database Working Committee
Mission Statement
“To implement an IT Infrastructure solution for the overall benefit of Triathlon in Australia”
Project Committee
The IT Services Committee has been designed and selected specifically by Triathlon Australia
Board to govern a project that will upgrade the IT and Database systems currently used. It has
been recognised that the current systems fall short of many requirements, and therefore need
to be re-developed on a national scale to improve their efficiency and functional capabilities.
The project aims to source and implement a new IT infrastructure system. The committee has
identified the 5 key functional areas that must be addresses by this project;





Membership Database
Website
Event Registration
E-Commerce
Data Storage
The committee is comprised of a cross section of individuals representing various areas of Triathlon in Australia to ensure a fair representation for as many key stakeholders as logistically
possible.
It is critical to note that everyone on the committee is not only representing their areas, but
more importantly is responsible for ensuring that every aspect of this project is undertaken
with the focus of – “Is it in the best interest of Triathlon in Australia”.
Project Status
The committee has so far convened various ‟workshops‟, discussing best practise processes,
functional requirements, business rules, and the tender proposal evaluation process.
A tender process has been undertaken by the committee and the proposals are currently being
evaluated.
Based on the evaluations and the presentations, the committee will then make their recommendations to the Board of Triathlon Australia with their proposed solution.
Following approval by the Board to proceed, the committee will produce a communication, implementation and training strategy and will work with the chosen vendor./vendors with the aim
of going live with a new database and website solution next year.
32
2009/2010 High Performance Athlete Selection
Committee
The Triathlon Australia/Australian Institute of Sport (TA/AIS) High Performance program made
many significant changes in the 2009/2010 year. After the success of the 2008 Beijing Olympic
Games and with a new direction and structure for both the ITU and Triathlon Australia, there
was real need to review the TA/AIS program moving forward.
With the ITU changing the International racing calendar and introducing an ITU World Championship Series to replace the traditional single World Championships, the period was definitely a
time of adjustment and change. Athletes and coaches would need to adjust to the concept of
preparing for a consistent performance throughout all key ITU races in each year but still very
much capable of winning the event as identified as the years ITU biggest race, the ITU World
Championship Series final.
A key factor in ensuring that we kept ahead of our opposition was the TA/AIS HP leadership
group defining the program vision, philosophy and key performance indicators. Then it was far
easier to ensure that the key people were put in place for the specific roles in the areas of
identification, development and performance of athletes and coaches. This concept would allow
athletes, coaches and key staff to look at the plans of all athletes so to ensure that the changing environment of international competition was at the focus of the elite end.
Program Vision
“To further develop a sustainable high performance culture and environment that provides
Australian triathletes and coaches with the opportunity to be continuously successful at major
ITU international competitions from 2010 and beyond.”
Program Philosophy
“To ensure that the critical elements of the Triathlon Australia High Performance program are
athlete focused, coach driven and based on service support with a key focus on performance,
continuous improvement, innovation and urgency.”
Program Target
“To qualify three male and three female athletes that are capable of winning the 2012 London
Olympic Games triathlon event.”
Program Key Performance Indicators
“To win two GOLD medals at the 2012 London Olympic Games.”
In addition to those 4 year objectives, annual targets were set with those being: to win a
medal in each female and male event at every ITU World Championship through the 2009 to
2012 period. In addition to this the AIS and SIS/SAS programs each have specific KPI‟s that
are agreed on at the beginning of each year.
Key results for 2009
Emma Moffatt
 2009 ITU Elite Woman World Champion and winner of the ITU WCS series final on the
Gold Coast.
 Winner of 4 other ITU WCS and WC races in 2009 and placed 2nd in 2 other ITU WCS
and WC races.
 Ranked number 1 in the ITU 2009 rankings and named AIS athlete of the year for 2009.
James Seear
 Placed 2nd at the 2009 ITU Under 23 World Championship and ranked 27th in the 2009
ITU rankings.
Emma Jackson
 Placed 2nd at the 2009 ITU Junior Female World Championships.
33
2009 Gold Coast ITU World Championship Results
Elite Females
Elite Males
Emma Moffatt – 1st
Annabelle Luxford – 5th and ranked 10th in the
2009 ITU rankings
Felicity Sheedy Ryan 20th and ranked 45th in
the 2009 ITU rankings
Courtney Atkinson – 5th and ranked 7th in the
2009 ITU rankings with great performances in
the ITU WCS races in Seoul and Madrid
Brad Kahlefeldt – 34th and ranked 12th in the
2009 ITU rankings with very good performances in Des Moines, Hamburg and Mooloolaba
Gareth Halverson – 39th
Brendan Sexton – 42nd
Under 23 Female
Under 23 Males
st
Jamie Chisholm – 21
Ashleigh Gentle – dnf
James Seear – 2nd and ranked 27th in the 2009
ITU rankings
Josh Amberger – 18th
Josh Maeder – 27th
Drew Box – dnf
Junior Females
Junior Males
Emma Jackson – 2nd and winner of the 2009
Noosa Triathlon
Holly Aitken – 7th
Courtney Dutton – 18th
Sam Appleton – 11th
Jamie Huggett – 17th
Aaron Royle – 18th
In conjunction with the magnificent athlete performance was the fact that Craig Walton was
named 2009 AIS Coach of the year for his outstanding coaching contribution in coaching both
Emma Moffatt and Emma Snowsill during the 2009 ITU season.
Performance
The TA High Performance team set high standards for athletes for the ITU 2009/2010 season
and used this level as guide when looking at athletes for nomination in the AIS and SIS/SAS
for 2010. These standards include a tier 1 expectation of a top 5 finish in the ITU WCS and
selected ITU WC races of the required quality. The tier 2 level for the first year would be athletes capable of helping to achieve the 4 year objectives of the TA/AIS HP program. So for the
ITU 2009 competition season Australia had 2 males and 3 females who were good enough get
these results. These athletes were:
Emma Moffatt
Courtney Atkinson
Emma Snowsill
Brad Kahlefeldt
Annabelle Luxford
On the domestic scene the younger athletes were based in their home environments being
supported by either Head or assistant coaches. These athletes had been focussing on the ITU
Asian circuit and basing themselves in Europe, allowing them to accumulate ITU ranking
points.
The next group of athletes and coaches to leave the shores during 2009 were the athletes selected for the TA Young Guns tour, based in Varese, Italy at the AIS European training centre.
This was key for young athletes in preparing them for the life of the professional triathlete and
that was
Improvement
Triathlon Australia continues to work with the three SIS/SAS programs and each of the SSO
development programs to ensure that the long term goals of each program are realistic and
that each of the programs fits into the National athlete and coach pathway. The improvement
needs to be based on the International performance standards as recognised by what is required to win at the key events within the ITU calendar.
34
Triathlon Australia HP program staff
National Performance Director
Michael Flynn
AIS/National Head Coach
Shaun Stephens
Victorian Institute of Sport Coach
Jonathan Hall
Queensland Academy of Sport Coach / National Under 23 coach
Stephen Moss
New South Wales Institute of Sport Coach
Jamie Turner
National Talent and Development Manager
Craig Redman
Sport Science Coordinator
Nicola Bullock
Sport Medicine Coordinator
Greg Cox
AIS Triathlon Program Administrator
Sandy Patterson
Sports Physician
Dr Judith May
Dr Mark Young
Physiotherapy
Leon Vogels
Britt Caling
Massage
Warren Lowry
Lauren Allison
Sports Psychology
Michael Lloyd
Ruth Sanderson
Performance Analysis
Hamish Jeacocke
The committee would like to congratulate the athletes, coaches and staff for their continued
work in the sport of Triathlon and I am sure that they look forward to the challenges ahead.
35
National Calendar Committee
The board of Triathlon Australia recognised that there would be significant benefits in bringing
key people within the sport together for the purpose of developing an annual national event
calendar. For the first time in the 2009/2010 year, a National Calendar Committee was established. The key benefit of the committee is to provide the opportunity to reduce the incidences
of major races accruing on the same weekends, as well as coordination all State race calendars. Additional benefits would be gained by providing a process for discussion of broader issues affecting the sport.
National Calendar Committee in 2010
The objective of the calendar committee is to publish on the Triathlon Australia website a calendar of triathlons scheduled for the coming season by 30 June each year. In 2010 this objective was met for the first time with success, providing an additional service to Triathlon Australia members. This avoided any clashes of major races, and ensured that there are no major
races scheduled for the same weekend in the 2010/11 season.
National Calendar Committee in the Future
While continuing to meet the objective of the committee in the future, there is the opportunity
for the committee to add greater value to the triathlon community by providing a forum for
those putting on races to interact and share knowledge. In the future the committee will take
on the responsibility of providing this forum.
National Technical Committee
The National Technical Committee is appointed by the Board from 1 July to the 30 June each
year. The committee is empowered to maintain and recommend changes, where appropriate,
to the Race Competition Rules (RCR), sanction documents and all related technical processes;
to develop and maintain currency of technical official training programs across all levels to be
used by each STTA; and ensure that the Race Competition Rules are applied consistently at all
events.
National Officiating Accreditation Scheme Accreditation of the L1 and L2 Technical
Officials Programmes
The National Officiating Accreditation Scheme (NOAS) was established in January 1994 to assist national sporting organisations develop a group of skilled officials. While there is no formal
levels structure for the NOAS, a General Principles Training program is available for use by
NSOs. The NOAS aims to develop and implement programs which will improve the quality,
quantity, leadership and status of sports officiating in Australia. Extensive work by the Director
of Officials and National Technical Committee members has resulted in the accreditation and
ongoing delivery of NOAS L1 and L2 programmes throughout Australia. Level 3 and NTO are
to be completed by the end of the 2010-2011 season.
NOAS training programs include the following components:
 General Principles – fundamentals of officiating and event management
 Sport Specific – technical rules, interpretations, reporting and sport specific roles for officials
 Officiating Practice – practical officiating and application of officiating principles.
36
Technical Official National Statistics
NATIONAL SUMMARY BY STATE/TERRITORY
STTA
Gender
2007/
2008
2008/
2009
2009/
2010
ACT
Male
17
13
12
Female
18
15
Total
35
Male
39
Female
NSW
NT
QLD
SA
TAS
VIC
WA
National
NATIONAL SUMMARY BY GENDER
Gender
2007/ 2008/
2008 2009
2009/
2010
Male
144
137
172
16
Female
100
87
103
28
28
Total
244
224
275
28
42
Male
34
37
37
20
13
19
Female
14
19
24
Total
59
41
61
Total
48
56
61
Male
10
6
6
Male
12
10
6
Female
2
2
2
Female
6
6
5
Total
12
8
8
Total
18
16
11
Male
52
51
61
Male
9
10
13
Female
37
28
26
Female
4
4
5
Total
89
79
87
Total
13
14
18
Male
11
12
12
Male
199
194
228
Female
5
5
5
Female
124
116
137
Total
16
17
17
Total
323
310
365
Male
14
22
22
Female
8
9
10
Total
22
31
32
Male
23
28
35
Female
12
17
26
Total
35
45
61
Male
33
34
38
Female
22
27
33
Total
55
61
71
Male
199
194
228
Female
124
116
137
Total
323
310
365
Level 1
Level 2
Level 3
NTO
National
NATIONAL ACCREDITATION LEVELS AGAINST NATIONAL TARGETS
2007/2008
2008/2009
2009/2010
Level 1 (75%)
244
75.5%
224
72.3%
275
75.3%
Level 2 (15%)
48
14.9%
56
18.1%
61
16.7%
Level 3 (7%)
18
5.6%
16
5.2%
11
3%
NTO (3%)
13
4%
14
4.5%
18
4.9%
National
323
37
310
365
FINANCIAL REPORT
2009/2010
38
ABN 67 007 356 907
Financial Statements
For the Year Ended 30 June 2010
ABN 67 007 356 907
CONTENTS
Financial Statements
Independent Audit Report
Directors' Report
Directors' Declaration
Statement of Comprehensive Statement
Statement of Financial Position
Statement of Changes in Equity
Cash Flow Statement
Notes to the Financial Statements
Auditors Independence Declaration under Section 307C of the Corporations Act 2001
ABN 67 007 356 907
Directors' Report
Your directors present their report on the Company and its controlled entities for the financial year ended 30
June 2010.
1.
Principal Activities
The principal activities of the Group during the financial year were in accordance with the objects of
the Company as outlined in the constitution which are:
(a) to be the national governing body for Triathlon and be recognised as such by the
Australian Olympic Committee, Australian Commonwealth Games Committee, the
ITU and the Australian Government;
(b) become and remain the only Australian affiliate of the ITU or its successor or
assign, and represent and promote the interests of the members to the ITU;
(c) unite the STTAs, Affiliated Clubs and Individual Members;
(d) encourage, administer, promote, advance and manage Triathlon in Australia
through competition and commercial means;
(e) ensure that Triathlon in Australia is carried on in a manner, which secures and
enhances the safety of participants, officials, spectators and the public and which
allow the sports to be competitive and fair;
(f) adopt, formulate, issue, interpret, implement and amend from time to time by-laws,
rules and such other regulations as are necessary for the control and conduct of
Triathlon in Australia;
(g) develop, manage and govern Triathlon in Australia in accordance with and having
regard to the rules and regulations of the Company;
(h) arrange for national championships and the selection of national teams and training
squads;
(i) determine, arrange and publish an annual Australian Triathlon calendar of events;
(j) pursue through itself or other such entity commercial arrangements, including
sponsorship and marketing opportunities, as are appropriate to further the Objects;
(k) formulate or adopt and implement appropriate policies, including policies in relation
to sexual harassment, equal opportunity, equity, drugs in sport, health, safety,
infectious diseases and such other matters as arise from time to time as issues to
be addressed in Triathlon;
(l) do all that is reasonably necessary to enable these Objects to be achieved and to
enable the Members to receive the benefits which these Objects are intended to
achieve;
(m) co-operate or join with or support any association, organisation, society, individual
whose activities or purposes are similar to those of the Company or which advance
Triathlon in Australia;
(n) have regard to the public interest in its operations; and
ABN 67 007 356 907
(o) undertake and or do all such things or activities as are necessary, incidental or
conducive to the advancement of these Objects.
Event management activities were conducted through a wholly owned subsidiary, TriOz Events Pty
Ltd. Following the 2009 annual general meeting the elected board reviewed such activities and
decided to cease the event management operations.
2.
Operational review
a
Financial operating Results
The consolidated surplus of the Group after providing for income tax and eliminating minority equity
interests amounted to $78,850, which included a direct deficit from the operation of triathlon events of
$225,059 and additional costs associated with the operation of the subsidiary used to manage these
events of $60,078.
b
Dividends paid or declared
In accordance with the constitution of the Company the income and property of the Company must
be applied solely towards the promotion of the Objects.
No portion of the income or property of the Company may be paid or transferred, directly or indirectly
by way of dividend, bonus or otherwise to any Member.
No remuneration or other benefit in money or money's worth may be paid or given by the Company
to any Member who holds any office of the Company.
c
Funding of operations
The Group has maintained its activities in the furtherance of its objectives through volunteer member
resources, funding grants from government agencies, sponsorship and membership levies.
The Group has also continued to undertake a whole of sport insurance policy.
3.
Other items
a
Significant changes in State of Affairs
No significant changes in the Group's state of affairs occurred during the financial year.
b
After balance day events
No matters or circumstances have arisen since the end of the financial year which significantly
affected or may significantly affect the operations of the Group, the results of those operations or the
state of affairs of the Group in future financial years.
c
Auditor’s Independence Declaration
A copy of the auditor's independence declaration as required under section 307C of the Corporations
Act 2001 is set out at page 36.
ABN 67 007 356 907
d
Rounding of amounts
The Group is an entity to which ASIC Class order 98/100 applies and, accordingly, amounts in the
financial statements and directors' report have been rounded to the nearest dollar.
e
Future developments
Likely developments in the operations of the Group and the expected results of those operations in
future financial years have not been included in this report as the inclusion of such information is
likely to result in unreasonable prejudice to the Group.
f
Environmental Issues
The Group's operations are not regulated by any significant environmental regulation under a law of
the Commonwealth or of a state or territory
4.
Director and Company Secretary Information
The names of the directors in office at any time during, or since the end of, the year are:
Names
Qualifications
Elected/Stood Down
Anthony Beven
Solicitor
Tony Newham
Strategic planner
David Ferrier
Chartered Accountant
Elected 14th November 2009
Michelle Gallen
Solicitor
Elected 14 November 2009
Peter Hedge (President)
Chartered Accountant
Elected 14 November 2009
Murray Hilder
Engineer
Elected 14th November 2009
th
th
th
Kenneth Bonham (former President) Production engineer
Resigned 14 November 2009
Melinda Farr
Postal Officer
Resigned 14th November 2009
Brian Hinton
Marketer
Resigned 14th November 2009
George Shortis
Business owner
Resigned 14 November 2009
th
Directors have been in office since the start of the financial year to the date of this report unless
otherwise stated.
Meetings of Directors
During the financial year, 19 meetings of directors (excluding committees of directors) were held.
Attendances by each director during the year were as follows:
ABN 67 007 356 907
Directors' Meetings
Eligible to attend
Number attended
Anthony Beven
Tony Newham
David Ferrier
Michelle Gallen
Peter Hedge
Murray Hilder
19
19
15
15
15
15
15
15
15
13
14
14
Kenneth Bonham
Brian Hinton
Melinda Farr
George Shortis
4
4
4
4
4
4
4
2
No indemnities have been given or insurance premiums paid, during or since the end of the financial
year, for any person who is or has been an officer or auditor of the Group.
Company Secretary
The following person held the position of company secretary at the end of the financial year:
Alexandra Fehon, Senior Executive Officer, Triathlon Australia.
5.
Options
a
No options granted or outstanding
No options over issued shares or interests in the Group or a controlled entity were granted during or
since the end of the financial year and there were no options outstanding at the date of this report.
6.
Proceedings on Behalf of Company
a
No Leave or proceedings
No person has applied for leave of Court to bring proceedings on behalf of the Group or intervene in
any proceedings to which the Group is a party for the purpose of taking responsibility on behalf of the
Group for all or any part of those proceedings.
The Group was not a party to any such proceedings during the year.
7.
Sign off details
Signed in accordance with a resolution of the Board of Directors:
Peter Hedge
President
27 September 2010
ABN 67 007 356 907
The directors of the Group declare that:
1.
The financial statements and notes, as set out on pages 8 to 35, are in accordance with the Corporations
Act 2001:
(a) comply with Accounting Standards; and
(b) give a true and fair view of the financial position as at 30 June 2010 and of the performance for the
year ended on that date of the Group and consolidated group.
2.
In the directors' opinion, there are reasonable grounds to believe that the Group will be able to pay its debts
as and when they become due and payable as a consequence of continued support provided by the
Australian Sports Commission.
This declaration is made in accordance with a resolution of the Board of Directors.
Peter Hedge
President
27 September 2010
ABN 67 007 356 907
Statement of Comprehensive Income
Consolidated
2010
2009
Note
Revenue
2
$
Parent
$
2010
2009
$
$
4,433,311
3,037,163
4,026,099
2,158,584
Sydney World Cup Funding
1,378,256
-
1,378,256
-
Employee benefits expense
(681,235)
(668,997)
(674,352)
(668,997)
Depreciation of plant and equipment
3
(55,238)
(29,560)
(23,934)
(23,523)
Rent
3
(72,981)
(50,320)
(72,981)
(50,320)
(1,879,778)
(1,329,625)
(1,242,949)
(46,056)
Insurance expenses
(341,393)
(339,558)
(341,393)
(339,558)
Travel and accommodation expenses
(490,029)
(117,386)
(490,029)
(60,267)
Elite Athlete Services
(659,134)
(736,030)
(659,134)
(736,030)
(1,378,256)
-
(1,378,256)
-
-
-
(285,137)
(363,650)
(24,198)
-
(24,198)
-
(150,475)
(64,673)
(133,142)
(65,064)
Profit before income tax
78,850
(298,986)
78,850
(194,881)
Profit attributable to members
78,850
(298,986)
78,850
(194,881)
-
-
-
-
Total comprehensive income for the
year
78,850
(298,986)
78,850
(194,881)
Total comprehensive income for the
year attributable to members
78,850
(298,986)
78,850
(194,881)
Competition expenses
Sydney World cup expenses
Impairment expense
Sport development
Other expenses
Other comprehensive income
ABN 67 007 356 907
Statement of Financial Position as at 30 June 2010
Consolidated
2010
2009
Note
$
Parent
$
2010
2009
$
$
ASSETS
Current assets
Cash and cash equivalents
4
1,103,740
1,531,255
1,103,261
1,512,890
Trade and other receivables
5
97,801
383,205
94,421
404,148
Prepayments
6
29,006
698,361
29,006
696,372
Other current assets
7
58,608
26,670
58,608
26,670
1,289,155
2,639,491
1,285,296
2,640,080
-
-
2
2
Total current assets
Non-current assets
Investments accounted for using the
equity method
Property, plant and equipment
8
42,222
68,037
42,222
44,115
Intangible assets
9
4,923
11,423
4,923
4,041
47,145
79,460
47,147
48,158
1,336,300
2,718,951
1,332,443
2,688,238
Total non-current assets
TOTAL ASSETS
LIABILITIES
Current liabilities
Trade and other payables
10
1,253,795
2,719,761
1,249,938
2,689,048
Short-term provisions
11
26,679
22,214
26,679
22,214
1,280,474
2,741,975
1,276,617
2,711,262
55,826
(23,024)
55,826
(23,024)
Distributable reserve
55,826
(23,024)
55,826
(23,024)
TOTAL EQUITY
55,826
(23,024)
55,826
(23,024)
TOTAL LIABILITIES
NET ASSETS
EQUITY
ABN 67 007 356 907
Statement of Changes in Equity
2010
Balance at 1 July 2009
Balance at 30 June 2010
2009
2010
2009
Parent
Retained
Earnings
$
Total
$
(23,024)
78,850
(23,024)
78,850
55,826
55,826
Parent
Retained
Earnings
$
Total
$
171,857
(194,881)
171,857
(194,881)
(23,024)
(23,024)
Consolidated
Retained
Earnings
Total
$
$
(23,024)
78,850
(23,024)
78,850
55,826
55,826
Consolidated
Retained
Earnings
Total
$
$
275,962
(298,986)
275,962
(298,986)
(23,024)
(23,024)
ABN 67 007 356 907
Cash Flow Statement
Consolidated
2010
2009
Note
Cash from operating activities:
Receipts from customers
Payments to suppliers and employees
Interest received
$
$
Parent
2010
2009
$
$
4,647,656
(4,944,795)
29,420
3,213,734
(2,018,978)
19,134
4,181,607
(4,526,702)
29,382
2,432,717
(1,277,144)
19,041
(267,719)
1,213,890
(315,713)
1,174,614
Cash flows from investing activities:
Acquisition of property, plant and
equipment
Receipts on sale of plant
Acquisition of intangible assets
(153,012)
(6,784)
(77,752)
(9,840)
(87,132)
(6,784)
(52,621)
-
Net cash provided by (used in)
investing activities
(159,796)
(87,592)
(93,916)
(52,621)
Net increase (decreases) in cash held
Cash at beginning of financial year
(427,515)
1,531,255
1,126,298
404,957
(409,629)
1,512,890
1,121,993
390,897
1,103,740
1,531,255
1,103,261
1,512,890
Net cash provided by (used in)
operating activities
Cash at end of financial year
16
4
ABN 67 007 356 907
1
Statement of Significant Accounting Policies
(a)
General information
The financial statements are general purpose financial statements that have been prepared in
accordance with Accounting Standards (including Australian Accounting Interpretations) and the
Corporations Act 2001.
Australian Accounting Standards set out accounting policies that the AASB has concluded would
result in financial statements containing relevant and reliable information about transactions, events
and conditions. Material accounting policies adopted in the preparation of these financial statements
are presented below and have been consistently applied unless otherwise stated.
The financial statements cover the economic entity of Triathlon Australia Limited as an individual
parent entity and Triathlon Australia Limited and the controlled entity as an economic entity.
Triathlon Australia Limited is a Group limited by shares, incorporated and domiciled in Australia.
The following is a summary of the material accounting policies adopted by the Group in the
preparation of the financial report. The accounting policies have been consistently applied, unless
otherwise stated.
(b)
Basis of Preparation
Reporting Basis and Conventions
The financial statements have been prepared on an accruals basis and are based on historical costs,
modified, where applicable, by the measurement at fair value of selected non-current assets,
financial assets and financial liabilities.
(c)
Comparative Figures
Where required by accounting standards comparative figures have been adjusted to conform with
changes in presentation for the current financial year.
(d)
Inventories
Inventories are measured at the lower of cost and current replacement cost. Inventories acquired at
no cost, or for nominal consideration are valued at the current replacement cost as at the date of
acquisition.
(e)
Property, Plant and Equipment
Each class of property, plant and equipment is carried at cost or fair values as indicated, less, where
applicable, accumulated depreciation and impairment losses.
ABN 67 007 356 907
Plant and equipment
Plant and equipment are measured on the cost basis less depreciation and impairment losses.
The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in
excess of the recoverable amount from these assets. The recoverable amount is assessed on the
basis of the expected net cash flows that will be received from the asset’s employment and
subsequent disposal. The expected net cash flows have been discounted to their present values in
determining recoverable amounts.
Depreciation
The depreciable amount of all fixed assets, excluding freehold land, is depreciated on a straight-line
basis over the asset’s useful life to the Group commencing from the time the asset is held ready for
use.
The depreciation rates used for each class of depreciable assets are:
Class of Fixed Asset
Plant and equipment
Depreciation Rate
10 – 40%
The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at the end of
each reporting period.
Asset classes carrying amount is written down immediately to its recoverable amount if the asset’s
carrying amount is greater than its estimated recoverable amount.
Gains and losses on disposals are determined by comparing proceeds with the carrying amount.
These gains or losses are included in the statement of comprehensive income. When revalued
assets are sold, amounts included in the revaluation reserve relating to that asset are transferred to
retained earnings.
(f)
Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term
highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within short-term borrowings in current liabilities on the statement of financial
position.
(g)
Employee Benefits
Provision is made for the Group's liability for employee benefits arising from services rendered by
employees to the end of the reporting period. Employee benefits that are expected to be settled
within one year have been measured at the amounts expected to be paid when the liability is settled,
plus related on-costs. Employee benefits payable later than one year have been measured at
present value of the estimated future cash outflows to be made for those benefits. In determining the
liability, consideration is given to employee wage increases and the probability that the employee
may not satisfy vesting requirements. Those cash outflows are discounted using market yields on
national government bonds with terms to maturity that match the expected timing of cash flows.
ABN 67 007 356 907
Contributions are made by the entity to an employee superannuation fund and are charged as
expenses when incurred.
(h)
Financial Instruments
Initial recognition and measurement
Financial assets and financial liabilities are recognised when the entity becomes a party to the
contractual provisions of the instrument. For financial assets, this is equivalent to the date that the
entity commits itself to either purchase or sell the asset (i.e. trade date accounting is adopted)..
Financial instruments are initially measured at fair value plus transactions costs except where the
instrument is classified ‘at fair value through profit or loss’ in which case transaction costs are
expensed to profit or loss immediately. Financial instruments are classified and measured as set out
below.
Derecognition
Financial assets are derecognised where the contractual rights to receipt of cash flows expires or the
asset is transferred to another party whereby the entity no longer has any significant continuing
involvement in the risks and benefits associated with the asset. Financial liabilities are derecognised
where the related obligations are either discharged, cancelled or expire. The difference between the
carrying value of the financial liability, which is extinguished or transferred to another party and the fair
value of consideration paid, including the transfer of non-cash assets or liabilities assumed is
recognised in profit or loss.
Classification and subsequent measurement
Finance instruments are subsequently measured at either fair value, amortised cost using the effective
interest rate method, or cost. Fair value represents the amount for which an asset could be exchanged
or a liability settled, between knowledgeable, willing parties. Where available, quoted prices in an
active market are used to determine fair value. In other circumstances, valuation techniques are
adopted.
(i) Financial assets at fair value through profit or loss
Financial assets are classified at ‘fair value through profit or loss’ when they are held for trading for
the purpose of short term profit taking, or where they are derivatives not held for hedging purposes,
or when they are designated as such to avoid an accounting mismatch or to enable performance
evaluation where a group of financial assets is managed by key management personnel on a fair
value basis in accordance with a documented risk management or investment strategy. Such assets
are subsequently measured at fair value with changes in carrying value being included in profit or
loss.
(ii) Loans and receivables
Loans and receivables are non-derivative financial assets with fixed or determinable payments that
are not quoted in an active market and are subsequently measured at amortised cost. Loans and
receivables are included in current assets, except for those which are not expected to mature within
12 months after the end of the reporting period, which are classified as non-current assets.
(iii) Held-to-maturity investments
ABN 67 007 356 907
Held-to-maturity investments are non-derivative financial assets that have fixed maturities and fixed
or determinable payments, and it is the entity’s intention to hold these investments to maturity. They
are subsequently measured at amortised cost. Held to maturity investments are included in noncurrent assets, except for those which are not expected to mature within 12 months within 12 months
after the end of the reporting period, If during the period the company sold or reclassified more than an
insignificant amount of the held-to-maturity investments before maturity, the entire held-to-maturity investment
would be tainted and reclassified as available-for-sale.
(iv) Available-for-sale financial assets
Available-for-sale financial assets are non-derivative financial assets that are either not capable of
being classified into other categories of financial assets due to their nature, or they are designated as
such by management. They comprise investments in the equity of other entities where there is
neither a fixed maturity nor fixed or determinable payments. Available-for-sale financial assets are
included in non-current assets, except for those which are expected to be disposed of within 12 months after the
end of the reporting period.
(v) Financial liabilities
Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at
amortised cost.
Fair value
Fair value is determined based on current bid prices for all quoted investments. Valuation techniques
are applied to determine the fair value for all unlisted securities, including recent arm’s length
transactions, reference to similar instruments and option pricing models.
Impairment
At the end of each reporting period, the entity assesses whether there is objective evidence that a
financial instrument has been impaired. In the case of available-for-sale financial instruments, a
prolonged decline in the value of the instrument is considered to determine whether an impairment
has arisen. Impairment losses are recognised in the statement of comprehensive income.
(i)
Provisions
Provisions are recognised when the group has a legal or constructive obligation, as a result of past
events, for which it is probable that an outflow of economic benefits will result and that outflow can be
reliably measured. Provisions recognised represent the best estimate of the amounts required to
settle the obligation at the end of the reporting period.
(j)
Contributions
Triathlon Australia Limited receives non-reciprocal contributions from the government and other
parties for no or a nominal value. These contributions are recognised at the fair value on the date of
acquisition upon which time an asset is taken up in the balance sheet and revenue in the income
statement.
(k)
Revenue
Revenue from the sale of goods is recognised upon the delivery of goods to customers.
ABN 67 007 356 907
Grant revenue is recognised in the statement of comprehensive income when the entity obtains
control of the grant and it is probable that the economic benefits gained from the grant will flow to the
entity and the amount of the grant can be measured reliably.
If conditions are attached to the grant which must be satisfied before it is eligible to receive the
contribution, the recognition of the grant as revenue will be deferred until those conditions are
satisfied.
When grant revenue is received whereby the entity incurs an obligation to deliver economic value
directly back to the contributor, this is considered a reciprocal transaction and the grant revenue is
recognised in the statement of financial position as a liability until the service has been delivered to
the contributor, otherwise the grant is recognised as income on receipt.
Interest revenue is recognised using the effective interest rate method, which for floating rate
financial assets is the rate inherent in the instrument.
Revenue from the rendering of services is recognised upon the delivery of the service to the
customers.
(l)
Intangibles
Software
Software is recorded at cost. Software has a finite life and is carried at cost less any accumulated
amortisation and impairment losses. It has an estimated useful life of between one and two years. It
is assessed annually for impairment.
(m)
Economic Dependence
Triathlon Australia Limited is dependent on the Australian Sports Commission for the majority of its
revenue used to operate the business. At the date of this report the Board of Directors has no reason
to believe the Australian Sports Commission will not continue to support Triathlon Australia Limited.
(n)
Goods and Services Tax (GST)
Revenues, expenses and assets are recognised net of the amount of GST, except where the amount
of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the
GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense.
Receivables and payables in the statement of financial position are shown inclusive of GST.
Cash flows are presented in the cash flow statement on a gross basis, except for the GST
component of investing and financing activities, which are disclosed as operating cash flows.
(o)
Rounding of Amounts
The Group has applied the relief available to it under ASIC Class Order 98/100 and accordingly,
amounts in the financial report and directors' report have been rounded off to the nearest $1.
ABN 67 007 356 907
(p)
Impairment of Assets
At each reporting date, the Group reviews the carrying values of its tangible and intangible assets to
determine whether there is any indication that those assets have been impaired. If such an indication
exists, the recoverable amount of the asset, being the higher of the asset's fair value less costs to sell
and value in use, is compared to the asset's carrying value. Any excess of the asset's carrying value
over its recoverable amount is expensed to the statement of comprehensive income.
Where the future economic benefits of the asset are not primarily dependent upon the asset’s ability
to generate net cash inflows and when the entity would, if deprived of the asset, replace its remaining
future economic benefits, value in use is determined as the depreciated replacement cost of an
asset.
Where it is not possible to estimate the recoverable amount of an assets class, the entity estimates
the recoverable amount of the cash-generating unit to which the class of assets belong
Where an impairment loss on a revalued asset is identified, this is debited against the revaluation
reserve in respect of the same class of asset to the extent that the impairment loss does not exceed
the amount in the revaluation surplus for that same class of asset.
(q)
Classification of leases in financial statements of lessees
Leases of fixed assets, where substantially all the benefits and risks incidental to the ownership of
the asset , but not the legal ownership, are transferred to the entity are classified as finance leases.
Finance leases are capitalised, recording an asset and a liability equal to the present value of the
minimum lease payments, including any residual values. Leased assets are depreciated on a
straight-line basis over their estimated useful lives where it is likely that the entity will obtain
ownership of the asset. Lease payments are allocated between the reduction of the lease liability
and the lease interest expense for the period.
Lease payments for operating leases, where substantially all of the risks and benefits remain with the
lessor, are charged as expenses on a straight-line basis over the lease term.
(r)
Critical accounting estimates and judgments
The directors evaluate estimates and judgments incorporated into the financial statements based on
historical knowledge and best available current information. Estimates assume a reasonable
expectation of future events and are based on current trends and economic data, obtained both
externally and within the group.
Key Estimates
Impairment
The group assesses impairment at each reporting date by evaluation of conditions and events
specific to the group that may be indicative of impairment triggers. Recoverable amounts of relevant
assets are reassessed using value-in-use calculations which incorporate various key assumptions.
(s)
Income Tax
No provision for income tax has been raised as the entity is exempt from income tax under Division
50 of the Income Tax Assessment Act 1997.
ABN 67 007 356 907
(t)
Adoption of New and Revised Accounting Standards
During the current year the company adopted all of the new and revised Australian Accounting Standards and
Interpretations applicable to its operations which became mandatory.
The adoption of these standards has impacted the recognition, measurement and disclosure of certain
transactions. The following is an explanation of the impact the adoption of these standards and interpretations
has had on the financial statements of [insert company name] Not For Profit (Reporting) Limited.
AASB 101: Presentation of Financial Statements
In September 2007 the Australian Accounting Standards Board revised AASB 101 and as a result, there have
been changes to the presentation and disclosure of certain information within the financial statements. Below is
an overview of the key changes and the impact on the company’s financial statements.
Disclosure impact
Terminology changes — The revised version of AASB 101 contains a number of terminology changes, including
the amendment of the names of the primary financial statements.
Reporting changes in equity — The revised AASB 101 requires all changes in equity arising from transactions
with owners, in their capacity as owners, to be presented separately from non-owner changes in equity. Owner
changes in equity are to be presented in the statement of changes in equity, with non-owner changes in equity
presented in the statement of comprehensive income. The previous version of AASB 101 required that owner
changes in equity and other comprehensive income be presented in the statement of changes in equity.
Statement of comprehensive income — The revised AASB 101 requires all income and expenses to be
presented in either one statement, the statement of comprehensive income, or two statements, a separate
income statement and a statement of comprehensive income. The previous version of AASB 101 required only
the presentation of a single income statement.
The company’s financial statements now contain a statement of comprehensive income.
Other comprehensive income — The revised version of AASB 101 introduces the concept of ‘other
comprehensive income’ which comprises of income and expenses that are not recognised in profit or loss as
required by other Australian Accounting Standards. Items of other comprehensive income are to be disclosed in
the statement of comprehensive income. Entities are required to disclose the income tax relating to each
component of other comprehensive income. The previous version of AASB 101 did not contain an equivalent
concept.
(u)
New Accounting Standards for Application in Future Periods
The AASB has issued new and amended accounting standards and interpretations that have mandatory
application dates for future reporting periods. The company has decided against early adoption of these
standards. A discussion of those future requirements and their impact on the company follows:
•
AASB 9: Financial Instruments and AASB 2009-11: Amendments to Australian Accounting Standards arising
from AASB 9 [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 121, 127, 128, 131, 132, 136, 139, 1023 & 1038 and
Interpretations 10 & 12] (applicable for annual reporting periods commencing on or after 1 January 2013).
These standards are applicable retrospectively and amend the classification and measurement of financial
assets. The company has not yet determined any potential impact on the financial statements.
The changes made to accounting requirements include:
•
simplifying the classifications of financial assets into those carried at amortised cost and those carried at
fair value;
•
simplifying the requirements for embedded derivatives;
•
removing the tainting rules associated with held-to-maturity assets;
ABN 67 007 356 907
•
•
removing the requirements to separate and fair value embedded derivatives for financial assets carried
at amortised cost;
•
allowing 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;
•
requiring financial assets to be reclassified where there is a change in an entity’s business model as
they are initially classified based on (a) the objective of the entity’s business model for managing the
financial assets; and (b) the characteristics of the contractual cash flows.
AASB 124: Related Party Disclosures (applicable for annual reporting periods commencing on or after 1
January 2011).
This standard removes the requirement for government related entities to disclose details of all transactions
with the government and other government-related entities and clarifies the definition of a related party to
remove inconsistencies and simplify the structure of the standard. No changes are expected to materially
affect the company.
•
AASB 2009–4: Amendments to Australian Accounting Standards arising from the Annual Improvements
Project [AASB 2 and AASB 138 and AASB Interpretations 9 & 16] (applicable for annual reporting periods
commencing from 1 July 2009) and AASB 2009–5: Further Amendments to Australian Accounting Standards
arising from the Annual Improvements Project [AASB 5, 8, 101, 107, 117, 118, 136 & 139] (applicable for
annual reporting periods commencing from 1 January 2010).
These standards detail numerous non-urgent but necessary changes to accounting standards arising from the
IASB’s annual improvements project. No changes are expected to materially affect the company.
•
AASB 2009–8: Amendments to Australian Accounting Standards — Group Cash-settled Share-based
Payment Transactions [AASB 2] (applicable for annual reporting periods commencing on or after 1 January
2010).
These amendments clarify the accounting for group cash-settled share-based payment transactions in the
separate or individual financial statements of the entity receiving the goods or services when the entity has no
obligation to settle the share-based payment transaction. The amendments incorporate the requirements
previously included in Interpretation 8 and Interpretation 11 and as a consequence these two Interpretations
are superseded by the amendments. These amendments are not expected to impact the company.
•
AASB 2009–9: Amendments to Australian Accounting Standards — Additional Exemptions for First-time
Adopters [AASB 1] (applicable for annual reporting periods commencing on or after 1 January 2010).
These amendments specify requirements for entities using the full cost method in place of retrospective
application of Australian Accounting Standards for oil and gas assets and exempt entities with existing leasing
contracts from reassessing the classification of those contracts in accordance with Interpretation 4 when the
application of their previous accounting policies would have given the same outcome. These amendments are
not expected to impact the company.
•
AASB 2009–10: Amendments to Australian Accounting Standards — Classification of Rights Issues [AASB
132] (applicable for annual reporting periods commencing on or after 1 February 2010).
The amendments clarify that rights, options or warrants to acquire a fixed number of an entity’s own equity
instruments for a fixed amount in any currency are equity instruments if the entity offers the rights, options or
warrants pro-rata to all existing owners of the same class of its own non-derivative equity instruments. The
amendments are not expected to impact the company.
•
AASB 2009–12: Amendments to Australian Accounting Standards [AASBs 5, 8, 108, 110, 112, 119, 133, 137,
139, 1023 & 1031 and Interpretations 2, 4, 16, 1039 & 1052] (applicable for annual reporting periods
commencing on or after 1 January 2011).
This Standard makes a number of editorial amendments to a range of Australian Accounting Standards and
ABN 67 007 356 907
Interpretations, including amendments to reflect changes made to the text of IFRSs by the IASB. The
Standard also amends AASB 8 to require entities to exercise judgment in assessing whether a government
and entities known to be under the control of that government are considered a single customer for the
purposes of certain operating segment disclosures. The amendments are not expected to impact the
company.
•
AASB 2009–13: Amendments to Australian Accounting Standards arising from Interpretation 19 [AASB 1]
(applicable for annual reporting periods commencing on or after 1 July 2010).
This Standard makes amendments to AASB 1 arising from the issue of Interpretation 19. The amendments
allow a first-time adopter to apply the transitional provisions in Interpretation 19. This Interpretation is not
expected to impact the company.
•
AASB 2009–14: Amendments to Australian Interpretation — Prepayments of a Minimum Funding
Requirement [AASB Interpretation 14] (applicable for annual reporting periods commencing on or after 1
January 2011).
This standard amends Interpretation 14 to address unintended consequences that can arise from the previous
accounting requirements when an entity prepays future contributions into a defined benefit pension plan.
•
AASB Interpretation 19: Extinguishing Financial Liabilities with Equity Instruments (applicable for annual
reporting periods commencing from 1 July 2010).
This Interpretation deals with how a debtor would account for the extinguishment of a liability through the issue
of equity instruments. The Interpretation states that the issue of equity should be treated as the consideration
paid to extinguish the liability, and the equity instruments issued should be recognised at their fair value unless
fair value cannot be measured reliably in which case they shall be measured at the fair value of the liability
extinguished. The Interpretation deals with situations where either partial or full settlement of the liability has
occurred. This Interpretation is not expected to impact the company.
The company does not anticipate early adoption of any of the above Australian Accounting Standards.
ABN 67 007 356 907
2
Revenue
Consolidated
2010
2009
$
Sponsorship
2009
$
$
297,647
-
25,318
1,060,417
1,030,464
1,060,417
1,030,464
Interest received
29,420
19,134
29,382
19,041
Race entry fees
226,271
597,774
-
-
Athlete levies
810,340
37,214
832,340
37,214
Uniform sales
661,547
9,177
661,547
9,177
7,589
62,518
12,186
54,135
(11,258)
-
(11,258)
-
2,824,826
2,053,928
2,562,614
1,175,349
Funding received and expended on
elite program and funded events
2,986,741
983,235
2,841,741
983,235
Total
5,811,567
3,037,163
5,404,354
2,158,584
Depreciation of plant and equipment
45,098
23,927
21,176
20,348
Amortisation of development costs
10,140
5,633
2,758
3,175
Rent
72,981
50,320
72,981
50,320
2
1,103,738
2
1,531,253
1,103,261
1,512,890
1,103,740
1,531,255
1,103,261
1,512,890
Other
Write back of prior period income
Profit from Ordinary Activities
(a)
4
$
40,500
Affiliation & Insurance fees
3
Parent
2010
Expenses
Cash and Cash Equivalents
Cash on hand
Cash at bank
ABN 67 007 356 907
Reconciliation of Cash
Cash at the end of the financial year
as shown in the cash flow statement
is reconciled to items in the balance
sheet as follows:
5
1,103,740
1,531,255
1,103,261
1,512,890
1,103,740
1,531,255
1,103,261
1,512,890
108,010
383,710
82,536
266,241
(10,209)
(505)
(9,369)
(505)
-
-
670,041
502,062
-
-
(648,787)
(363,650)
97,801
383,205
94,421
404,148
Trade and Other Receivables
Current
Trade receivables
Provision for impairment of
receivables
Amounts receivable from related
parties
Provision for impairment of related
parties
Credit Risk — Trade and Other Receivables
The company does not have any material credit risk exposure to any single receivable or group of
receivables.
The following table details the company’s trade and other receivables exposed to credit risk (prior to
collateral and other credit enhancements) with ageing analysis and impairment provided for thereon.
Amounts are considered as ‘past due’ when the debt has not been settled within the terms and
conditions agreed between the company and the customer or counter party to the transaction.
Receivables that are past due are assessed for impairment by ascertaining solvency of the debtors and
are provided for where there are specific circumstances indicating that the debt may not be fully repaid
to the company.
The balances of receivables that remain within initial trade terms (as detailed in the table) are
considered to be of high credit quality, or have already been impaired.
ABN 67 007 356 907
Consolidated
Past due and
impaired
Gross amount
Past due but not impaired
(days overdue)
< 30
31–60
61–90
> 90
Within initial
trade terms
$
$
$
$
$
$
$
97,801
-
44,341
1,700
51,760
-
-
-
-
-
-
-
-
-
97,801
-
44,341
1,700
51,760
-
-
383,205
-
247,821
27,028
42,417
65,939
-
-
-
-
-
-
-
-
383,205
-
247,821
27,028
42,417
65,939
-
2010
Trade and term
receivables
Other receivables
Total
2009
Trade and term
receivables
Other receivables
Total
ABN 67 007 356 907
Parent
Past due and
impaired
Gross amount
Past due but not impaired
(days overdue)
< 30
31–60
61–90
> 90
Within initial
trade terms
$
$
$
$
$
$
$
Trade and term
receivables
73,167
-
44,341
700
28,126
-
-
Other receivables
21,254
-
21,254
-
-
-
-
Total
94,421
-
65,595
700
28,126
-
-
Trade and term
receivables
265,736
-
236,820
27,028
1,008
880
-
Other receivables
138,412
-
138,412
-
-
-
-
Total
404,148
-
375,232
27,028
1,008
880
-
2010
2009
ABN 67 007 356 907
6
7
Prepayments
Prepayments
698,361
29,006
696,372
29,006
698,361
29,006
696,372
58,608
26,670
58,608
26,670
58,608
26,670
58,608
26,670
80,949
(38,727)
101,544
(33,507)
80,949
(38,727)
73,182
(29,067)
42,222
68,037
42,222
44,115
Other Assets
Current:
Sundry debtors
8
29,006
Property Plant and Equipment
Plant and equipment at cost
Less accumulated depreciation
Total property, plant and equipment
(a)
Movements in Carrying Amounts
Consolidated
Current Year
Balance at the beginning of year
Additions
Depreciation
Disposals
Carrying amount at the end of year
Prior Year
Additions
Depreciation
Carrying amount at the end of year
Plant and
Equipment
$
Total
$
68,037
153,012
(45,098)
(133,729)
68,037
153,012
(45,098)
(133,729)
42,222
42,222
14,212
77,752
(23,927)
14,212
77,752
(23,927)
68,037
68,037
ABN 67 007 356 907
Plant and
Equipment
$
Parent
Current Year
Additions
Depreciation
Disposals
Prior Year
Additions
Depreciation
9
Total
$
44,115
87,132
(21,176)
(67,849)
44,115
87,132
(21,176)
(67,849)
42,222
42,222
11,842
52,621
(20,348)
11,842
52,621
(20,348)
44,115
44,115
Intangible assets
(a)
Carrying values
Consolidated
2010
2009
$
Parent
2010
2009
$
$
$
Logo Development - cost
Accumulated amortisation and
impairment
-
8,775
-
8,775
-
(8,775)
-
(8,775)
Net carrying value
-
Database Development - cost
impairment
Net carrying value
-
-
-
11,340
7,700
11,340
7,700
(6,417)
(4,490)
(6,417)
(4,490)
4,923
3,210
4,923
3,210
Website Development - cost
impairment
-
14,840
-
5,000
-
(6,627)
-
(4,169)
Net carrying value
-
8,213
-
831
Total Intangibles
4,923
11,423
4,923
4,041
ABN 67 007 356 907
9
Intangible assets continued
(b)
Reconciliation
Parent
Logo
Development
$
Website
Database
Development Development
$
$
Total
$
Year ended 30 June 2009
Opening balance
Additions
Amortisation
-
2,083
(1,249)
5,133
(1,926)
7,216
(3,175)
-
834
3,207
4,041
Opening balance
Additions
Amortisation
-
834
(834)
3,207
6,784
(1,924)
4,041
6,784
(2,758)
Disposals
-
-
(3,144)
(3,144)
-
-
4,923
4,923
Consolidated
Website
Database
Logo
Development Development Development
$
$
$
Opening balance
Total
$
Additions
Amortisation
-
2,083
9,840
(3,707)
5,133
(1,926)
7,216
9,840
(5,633)
-
8,216
3,207
11,423
Additions
Amortisation
Disposals
-
8,216
(8,216)
-
3,207
6,784
(1,924)
(3,144)
11,423
6,784
(10,140)
(3,144)
-
-
4,923
4,923
413,207
800,078
37,510
3,000
442,842
2,209,685
59,921
(2,013)
9,326
413,207
800,078
33,653
3,000
429,976
2,189,685
59,923
137
9,327
1,253,795
2,719,761
1,249,938
2,689,048
Opening balance
10 Trade and Other Payables
Trade payables
Unearned revenues
Sundry creditors and accrued expenses
GST payable / (receivable)
Other payables
ABN 67 007 356 907
Consolidated
2010
2009
Parent
2010
2009
$
$
$
$
26,679
22,214
26,679
22,214
26,679
22,214
26,679
22,214
11 Provisions
Current:
Employee benefits
12 Related Party Transactions
Transactions between related parties are on normal commercial terms and conditions no more favourable
than those available to other parties unless otherwise stated.
13 Auditors' Remuneration
Remuneration of the auditor of the parent
entity for:
- Auditing or reviewing the financial report
11,170
10,605
11,170
10,605
14 Segment Reporting
The Group operates predominately in one business and geographical segment being administration of the
sport of triathlon in Australia.
15 Capital and Leasing Commitments
(a)
Operating Lease Commitments
Future operating lease rentals not provided for in the financial statements and payable:
Payable - minimum lease payments
- not later than 12 months
- between 12 months and 5 years
-
23,844
-
-
23,844
-
-
23,844
-
23,844
ABN 67 007 356 907
Consolidated
2010
2009
$
Parent
$
2010
2009
$
$
16 Cash Flow Information
(a) Reconciliation of Cashflow from Operations with
Profit after Income Tax
Profit after income tax
78,850
(298,985)
78,850
(194,881)
55,238
29,560
23,934
387,172
-
-
285,137
-
289,641
127,784
151,767
245,252
2,012
-
-
-
669,355
(658,996)
667,366
(676,487)
(1,376,984)
2,060,662
(1,368,117)
2,062,581
14,169
(46,135)
13,329
(46,135)
-
-
(167,979)
(602,888)
(267,719)
1,213,890
(315,713)
1,174,614
Non cash flows
Depreciation and amortisation
Write down of Tri Aus Events Pty Ltd loan
Changes in assets and liabilities
(Increase)/decrease in trade and other receivables
(Increase)/decrease in other assets
(Increase)/decrease in prepayments
Increase/(decrease) in trade and other payables
Increase/(decrease) in provisions
Increase/(decrease) in related company loans
17 Controlled Entities
The parent company holds the only two issued $1 fully paid ordinary shares in a company called Tri Aus
Events Pty Ltd. This company has been trading since the financial year ended 30 June 2005.
ABN 67 007 356 907
18 Financial Instruments
(a)
Financial Risk Management
The entity’s financial instruments consist mainly of deposits with banks, local money market
instruments, short-term investments, accounts receivable and payable.
The entity does not have any derivative instruments at 30 June 2010.
The totals for each category of financial instruments, measured in accordance with AASB 139 as
detailed in the accounting policies to these financial statements, are as follows:
Consolidated
Note
Parent
2010
2009
2010
2009
$
$
$
$
Financial Assets
4
1,103,740
1,531,255
1,103,261
1,512,890
-
-
-
-
-
-
-
-
97,801
383,205
94,421
204,290
-
-
-
-
1,201,541
1,914,460
1,197,682
1,717,180
1,253,795
2,719,761
1,249,938
2,689,047
1,253,795
2,719,761
1,249,938
2,689,047
Financial assets at fair value through
profit or loss
—
Held for trading
Held-to-maturity investments
—
Government and fixed interest
securities
Loans and receivables
5
Available-for-sale financial assets
—
Shares in listed corporations
Financial Liabilities
Financial liabilities at amortised cost
—
—
Borrowings
10
Treasury Risk Management
A finance committee consisting of senior committee members meet on a regular basis to analyse
financial risk exposure and to evaluate treasury management strategies in the context of the most
recent economic conditions and forecasts.
Financial Risk Exposures and Management
The main risks the entity is exposed to through its financial instruments are interest rate risk, liquidity
risk and credit risk.
Interest rate risk
Interest rate risk is managed with a mixture of fixed and floating rate debt. At 30 June 2010 there is no
fixed rate debt.
ABN 67 007 356 907
Foreign currency risk
The entity is not exposed to fluctuations in foreign currencies.
Liquidity risk
The entity manages liquidity risk by monitoring forecast cash flows and ensuring that adequate
unutilised borrowing facilities are maintained.
Financial liability and financial asset maturity analysis
Consolidated
Note
Within 1 Year
1 to 5 Years
Total contractual cash
flow
2010
2009
2010
2009
2010
2009
$
$
$
$
$
$
Financial liabilities due
for payment
Lease Liabilities
(excluding estimated
annual leave and deferred
income)
Total expected outflows
-
-
-
-
-
-
450,717
499,363
-
-
450,717
499,363
450,717
499,363
-
-
450,717
499,363
1,103,740
1,531,255
-
-
1,103,740
1,531,255
156,409
409,875
-
-
156,409
409,875
-
-
-
-
-
-
1,260,149
1,941,130
-
-
1,260,149
1,941,130
809,432
1,441,767
-
-
809,432
1,441,767
Financial assets — cash
flows realisable
Trade, term and loans
receivables
Other investments
Total anticipated inflows
Net (outflow)/inflow on
financial instruments
ABN 67 007 356 907
Parent
Note
Within 1 Year
1 to 5 Years
Total contractual cash
flow
2010
2009
2010
2009
2010
2009
$
$
$
$
$
$
Financial liabilities due
for payment
Lease Liabilities
(excluding estimated
annual leave and deferred
income)
Total expected outflows
-
-
-
-
-
-
446,860
499,363
-
-
446,860
499,363
446,860
499,363
-
-
446,860
499,363
1,103,261
1,512,890
-
-
1,103,261
1,512,890
153,029
496,696
-
-
153,029
496,696
-
-
-
-
-
-
1,256,290
2,009,586
-
-
1,256,290
2,009,586
809,430
1,510,223
-
-
809,430
1,510,223
Financial assets — cash
flows realisable
Trade, term and loans
receivables
Other investments
Total anticipated inflows
Net (outflow)/inflow on
financial instruments
Credit risk
The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance
date to recognised financial assets, is the carrying amount, net of any provisions for impairment of those
assets, as disclosed in the balance sheet and notes to the financial statements. The entity does not have
any material credit risk exposure to any single receivable or group of receivables under financial
instruments entered into by the entity.
There are no material amounts of collateral held as security at 30 June 2010.
Credit risk is managed by the entity and reviewed regularly by the finance committee. It arises from
exposures to customers as well as through deposits with financial institutions.
The entity monitors the credit risk by actively assessing the rating quality and liquidity of counterparties:
—
Only banks and financial institutions with an ‘A’ rating are utilised.
—
Only accredited fund managers linked to ‘A’ rated financial institutions are used.
—
No more than 3% of total investments may be held at any time in a particular investment.
—
The credit standing of counterparties is reviewed monthly for liquidity and credit risk.
The trade receivables balances at 30 June 2010 and 30 June 2009 do not include any counterparties
with external credit ratings. Customers are assessed for credit worthiness using the criteria detailed
above.
Price risk
The entity is not exposed to any material commodity price risk.
ABN 67 007 356 907
18 Financial Instruments continued
(b)
Financial Instruments Composition and Maturity Analysis
The table below reflects the undiscounted contractual settlement terms for financial instruments of a fixed period of maturity, as well as management’s
expectations of the settlement period for all other financial instruments. As such, the amounts may not reconcile to the balance sheet.
Weighted
Average
Effective
Interest
Rate
Financial Assets:
Receivables
2010
%
2010
$
2009
$
5.90
-
1,103,740
-
1,531,255
-
1,103,740
1,531,255
Total Financial Assets
Financial Liabilities:
Trade and sundry payables
Total Financial Liabilities
Floating Interest Rate
-
Non-interest Bearing
2010
$
2010
$
2009
$
97,801
383,205
1,103,740
97,801
1,531,255
383,205
97,801
383,205
1,201,541
1,914,460
-
2009
$
Total
-
-
1,253,795
2,719,763
1,253,795
2,719,763
-
-
1,253,795
2,719,763
1,253,795
2,719,763
ABN 67 007 356 907
Trade and sundry payables are expected to be paid as follows:
Trade payables of $413,207 are all payable in less than 3 months (2009: $442,842).
Sundry payables of $840,588 are all payable in less than 6 months (2009: $2,276,921).
(c)
Net Fair Values
The net fair values of listed investments have been valued at the quoted market bid price at balance
date adjusted for transaction costs expected to be incurred. For other assets and other liabilities the
net fair value approximates their carrying values. No financial assets or financial liabilities are readily
traded on organised markets in standardised form other than listed investments. Financial assets
where the carrying amount exceeds net fair values have not been written down as the consolidated
group intends to hold these assets to maturity.
The aggregate net fair values and carrying amounts of financial assets and financial liabilities are
disclosed in the balance sheet and in the notes to the financial statements.
Triathlon Australia Limited has no non-current borrowings.
Sensitivity Analysis
The entity performed a sensitivity analysis relating to its exposure to interest rate risk at balance
date. This sensitivity analysis demonstrates that there is an immaterial effect on current year
results and equity which could result from a change in this risk, with the primary impact being on
the quantum of interest earned from interest bearing investments. It is calculated that the impact
on earnings and equity of an interest rate increase or decrease of 2% is $44,150 (2009:
$53,707).
This sensitivity analysis has been performed on the assumption that all other variables remain
unchanged.
No sensitivity analysis has been preformed for foreign exchange risk, as the entity is not
exposed to fluctuations in foreign exchange.
ABN 67 007 356 907
19 Capital Management
Management controls the capital of the entity to ensure that adequate cash flows are generated to
fund its mentoring programs and that returns from investments are maximised. The finance
committee ensures that the overall risk management strategy is in line with this objective.
The finance committee operates under policies approved by the board of directors. Risk
management policies are approved and reviewed by the board on a regular basis. These include
credit risk policies and future cash flow requirements.
The entity’s capital consists of financial liabilities, supported by financial assets.
Management effectively manage the entity’s capital by assessing the entity’s financial risks and
responding to changes in these risks and in the market. These responses may include the
consideration of debt levels.
There have been no changes to the strategy adopted by management to control the capital of the
entity since previous year.
The gearing ratios for the years ended 30 June 2010 and 30 June 2009 are as follows:
2010
2009
$
$
Financial liabilities
1,253,795
2,719,763
Total
1,253,795
2,719,763
Less cash and cash equivalents
1,103,740
1,531,255
150,055
1,188,508
55,826
(23,024)
N/A
N/A
Net debt
Total equity (reserves + retained earnings)
Gearing ratio
20
Key Management Personnel Compensation
Post
Short-term employment
benefits
benefits
$
$
Total
$
2010
Total compensation
106,428
6,892
113,320
2009
Total compensation
137,747
10,958
148,705
ABN 67 007 356 907
21 Company Details
Registered office
The registered office and principle place of business of the Group is:
Level 3
256 Coward Street
MASCOT, NSW, 2020
22 Members’ Guarantee
The entity is incorporated under the Corporations Act 2001 and is an entity limited by guarantee. If the entity is
wound up, the constitution states that each member is required to contribute a maximum of $1 each towards
meeting any outstandings and obligations of the entity. At 30 June 2010 the number of members was 9,888.

Triathlon Australia Annual Report 2009-2010

Transcription

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