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ANNUAL REPORT 2012
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Vision, Mission, Goals
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From the Chair
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From the Director 06
NICA 2012 Highlights
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Academic Programs
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NICA Graduates
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NICA Performance Program 18
NICA Team 24
NICA’s National Presence
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NICA’s International Presence 28
NICA in the Community
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Media and Marketing 32
CircaNICA
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NICA Supporters 40
Financial Statements
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ANNUAL REPORT 2012
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NICA will be an
internationally renowned
Australian Centre of
Excellence in education,
training, performance
and research in
contemporary circus.
Excellence
NICA will foster passion,
creativity, and a high level
of skill in its graduates
who will be recognised as
inspiring circus artists.
Innovation
NICA will deliver innovative
training programs to
talented students, whose
work will re-imagine circus
and provide stimulating,
evocative and sometimes
challenging performances.
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Drive excellence and
support world class
endeavour in the education
and training of circus artists.
Establish a strong regional,
national and international
presence.
Build a robust and
sustainable organisation.
Engage with industry and
the wider community.
Leadership
NICA graduates and staff
will take leadership roles
in shaping the Australian
circus arts industry.
ACCESS
NICA will provide
opportunities for a wide
range of participants in its
courses, workshops and
performance program.
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FROM THE
CHAIR
Much of the Board’s focus in 2012 was
around ensuring that any change to
NICA’s governance arrangements would
not impact upon its ability to continue as
a sustainable organisation, committed to
training Australia’s talented circus artists.
It is my pleasure to present the 2012
Annual Report for the National Institute
of Circus Arts. Since its establishment,
NICA has been a fully owned subsidiary
of Swinburne University of Technology.
This year marked the beginning of
a new phase for NICA, when the
University announced that they
had taken the decision to refocus
their activities around specific
discipline areas, which did
not include NICA’s programs.
It was agreed with Swinburne that the
Board would embark upon separating
the subsidiary relationship and move
NICA towards independence in order
to pursue its own mission. Swinburne
agreed that it would still provide the
accreditation and academic
governance for NICA’s courses.
NICA has been working closely with
the State and Federal Governments
and Swinburne University, to establish
NICA as a fully independent company
with the expectation that this goal will
be achieved in mid 2013.
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As part of Swinburne’s move to separate,
two of the Swinburne appointed Directors,
Ms Linda Brown and Dr Nicolette Lee
resigned from the Board in 2012, and I
thank them for the contribution that they
made to the Board and NICA. I would
particularly like to thank Nicolette for
the support and advice she continued
to share in relation to the reaccreditation
of NICA’s Bachelor of Circus Arts. The
Board was pleased that the Swinburne
Academic Senate reaccredited this course
in December 2012.
As has been the case in previous years,
NICA’s achievements in 2012 aligned
strongly with its mission of Excellence,
Innovation and Leadership. The
Board and I continue to marvel at the
extraordinary and varied performances of
the NICA students.
NICA’s international profile continued to
build, with the Director, Pamela Creed
and the Head of Circus, Lu Guang
Rong being invited to present at forums
and representing NICA at a number
of national and international events in
Australia, China, Montreal and France.
In particular, the work that NICA has
developed over several years in the
area of safety standards in training
circus artists is significant. In recognition
of this, Lu Guang Rong was invited by
the Chinese Acrobatics Association to
address a major conference and conduct
a series of professional development
workshops for Chinese circus teachers.
I would like to acknowledge our
major funder and key stakeholder, the
Australian Government, for their continued
commitment to supporting the training of
Australian circus artists through the Cultural
Development Program. I also acknowledge
the importance of the partnership with
Swinburne University who continued to
provide in-kind support to NICA in 2012.
The Richard Pratt Creative Fellowship is
highly valued by NICA and once again
supported teachers to engage with the
international circus community at various
festivals and has supported students’
participation in the annual study tour.
These activities and international visits from
guest teachers are a valuable enrichment
for our students and staff.
I express gratitude to my fellow Directors
for their support and work in what has
been both a challenging and exciting
point in NICA’s history. Much is still to do,
but the company has strong foundations
and many supporters to carry us forward.
On behalf of all of the Board, I congratulate
CEO, Pamela Creed, all the dedicated
NICA teachers, staff and inspiring students
for another successful year.
The Hon Rod Kemp
Chair
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FROM THE
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Perhaps it is timely that at the beginning
of NICA’s second decade, we embark
upon the transition to independence from
Swinburne University.
NICA’s Board, staff and students have
valued the in-kind support and services
provided to NICA by Swinburne in its
first phase. NICA has drafted a new
constitution, which will be adopted when
NICA separates from Swinburne in 2013.
NICA and the Board are committed to
ensuring the company continues to offer
high level arts training into the future.
A major task in 2012 was the
reaccreditation of the Bachelor of Circus
Arts. The degree course was endorsed for
accreditation by the Swinburne Academic
Senate in December. A bridging program
was established to enable enrolled
students to move from the existing courses
to the new Associate Degree and Degree
when they are implemented in 2014.
NICA worked with other circus training
networks internationally in 2012. Head
of Circus, Lu Guang Rong, was invited to
China to present circus safety seminars
and workshops to Chinese circus trainers
as a guest of the Chinese Acrobatics
Association. He also participated in the
FEDEC’s international straps workshop
in Montreal, while I had the privilege
of participating in the FEDEC Directors’
Focus Group Workshops during the Circa
Festival in Auch, France.
The performance program in 2012 was
rich and varied. The student performances,
Lucy and the Lost Boy, Made to Fit and
Circus Showcase, drew favourable reviews
and positive audience responses. The
third year student ensemble, Lucy and the
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Lost Boy, attracted new audiences with its
unique blend of musical score, beautiful
animations and circus.
It was a pleasure to watch the students in
the Certificate III and Certificate IV in Circus
Arts perform at the Victorian State School
Spectacular and at the Australian Training
Awards at Etihad stadium. This group
also had the privilege to perform to Their
Royal Highnesses the Prince of Wales and
the Duchess of Cornwall at the Victorian
College of the Arts Secondary School.
In December, the NICA Youth Circus Finale
featured over 140 young participants from
the community circus program. This activity
draws an eager crowd of supporters
and NICA is grateful for the City of
Stonnington’s support of this event.
A group of second year Bachelor of
Circus Arts students and two teachers
participated in a study tour to attend the
Circa Festival in France. In addition to
seeing many outstanding contemporary
circus shows, five students also performed
in the European Federation of Professional
Circus Schools’ the Circle as part of that
festival. NICA is indebted to the Richard
Pratt Creative Fellowship for supporting this
international study tour.
NICA graduates Leigh Marning and Daniel
Power represented NICA in the prestigious
Wuhan International Acrobatic Art Festival
of China, and received an artist award
for excellence. Many graduates gained
performance contracts in 2012 with Circus
Oz, Circa, Strange Fruit, Opera Australia
and Carnival Australia (P&O Cruise Ships).
Graduates also performed in the London
Olympic Games Cultural Program and the
Torch Relay.
NICA partnered with Swinburne
Information and Communication
Technology students to develop a
prototype Circus Trainer App that
enables students to record their training
on a mobile phone and obtain feedback
in order to correct or refine their
technique. It is hoped that this innovative
teaching tool will be further developed
in partnership with Swinburne in 2013.
2012 has been another full and
satisfying year due to the dedicated
teachers, staff, and inspiring students
who strive each day to push themselves
in pursuit of their dreams to perform
and entertain. On their behalf, I thank
the supporters who have contributed
to making their time at NICA valuable
and enriching.
I thank the Board for their continued
support and the extensive work they
have undertaken at this time of change
to ensure that NICA will continue as
a strong and robust organisation into
the future. In particular I acknowledge
the NICA Chair, The Honourable Rod
Kemp, for his stewardship in 2012, and
for his tireless commitment, enthusiasm
and persistence.
Pamela Creed
Director & CEO
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HIGHLIGHTS
NICA participates in the Heath
Ledger Young Artists Oral History
Project by the National Film &
Sound Archive. The longitudinal
study is a first of its kind and
documents the expectations and
aspirations of emerging artists
as they embark on their chosen
professional careers.
Renowned UK director, Emma
Rice, from ground-breaking theatre
company Kneehigh presents to
NICA students and staff as part of
the Artist in Conversation series.
JAN
FEB
NICA Director & CEO attends
meetings with international
counterparts from the European
Federation of Professional Circus
Schools (FEDEC) in France and
attends the Festival Mondial du
Cirque de Demain in Paris.
NICA presents at the National
Youth Circus Symposium in
Bathurst and the Circularity
Contemporary Circus Festival.
NICA presents National Circus
Safety Workshops to the Chinese
circus industry at the invitation
of the Chinese Acrobatics
Association and the Shanghai
Circus School.
MAR
APR
NICA supports research to
develop a Circus Trainer App
in partnership with post-graduate
Swinburne University
of Technology ICT students.
NICA attends conference of
the European Federation of
Professional Circus Schools
(FEDEC) in Montreal.
Lucy & the Lost Boy, devised and
directed by Helpmann Awardwinning Australian director,
Sally Richardson, reaches new
audiences by integrating street art
inspired projections.
MAY
JUN
Certificate III and Certificate IV
in Circus Arts students perform at
the annual Victorian Education
Excellence Awards.
Graduate company, Three High
Acrobatics win first prize in the
2012 Circus Showdown at
Gasworks Arts Park, Melbourne.
CircaNICA provides two artists to
work with award-winning art and
design practice, Eness, on their
distribution pitch for the motion
pictures The Hobbit and The
Great Gatsby. Infra-red trackers
monitored the performers’
movements then digitally
enhanced and projected them
as 3D animations in real time.
JUL
AUG
NICA participates in the National
Youth Circus Symposium hosted by
Westside Circus in partnership with
the Australian Circus and Physical
Theatre Association.
Graduates perform in The
Exhibitionists as part of the cultural
program of the London Olympic
Games and participate in the
Torch Relay.
NICA second year students travel
to France on an International
Study Tour supported by the
Pratt Foundation’s Richard Pratt
Creative Fellowship and perform
in the Circle as part of the Circa
Festival in Auch, France.
Graduates receive trophy for
their performance at the Wuhan
International Acrobatic Art
Festival of China.
NICA graduate company, Pants
Down Circus, wins Melbourne
Fringe Festival Award.
SEP
OCT
Made to Fit, featuring NICA’s
second year Bachelor of Circus
Arts students, plays to packed
houses.
Certificate III and Certificate IV in
Circus Arts students perform in the
Victorian State Schools Spectacular
at Hisense Arena.
Bachelor of Circus Arts gains
re-accreditation.
NICA’s Community Circus
classes culminate in the Youth
Circus Finale and features 140
of NICA’s youngest circus artists
performing on the stage of the
NICA National Circus Centre.
The event is supported by the
City of Stonnington.
NOV
DEC
VCASS students undertaking the
Certificate III in Circus Arts at NICA
participate in the Performing Arts
showcase at VCASS for Their Royal
Highnesses The Prince of Wales and
The Duchess of Cornwall during their
Melbourne visit.
NICA students perform at the
Australian Training Awards in the
Victory Room at Etihad Stadium, a
high-profile annual event sponsored
by the Australian Government.
2012 Circus Showcase, featuring
NICA’s graduating artists, gives
audiences the chance to see
the circus stars of tomorrow and
receives public and critical acclaim.
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ACADEMIC
PROGRAMS
Graduation Ceremony
& Student Awards
Dr Jonathon Welch AM delivered
the keynote address at an emotional
ceremony at which graduands were
presented with their Bachelor of Circus
Arts degree certificates and students’
awards were announced.
Bachelor of Circus Arts
Advanced Diploma of Circus Arts
Diploma of Circus Arts
Certificate IV in Circus Arts
Certificate III in Circus Arts
New course
accreditation
NICA maintained a strong focus on
ensuring the quality of its academic
programs in 2012 with a commitment
to teaching and learning and staff
professional development. The central focus
has been supporting staff to be informed
and prepared for the changing educational
environment in Higher Education.
NICA was very pleased that the new
Associate Degree in Circus Arts and
Bachelor of Circus Arts degree were
accredited in December by the Swinburne
University Academic Senate.
The new courses will be implemented
in 2014. NICA continues to benchmark
its teaching and learning against world
best practice in circus training, and
continues to work with international
colleagues exchanging ideas around
teaching circus artists.
Auditions
A total of 108 young people auditioned
for NICA’s accredited courses. Of these,
twenty-six applicants, who came from
across all Australian states, Brazil, USA
and Mexico, were successful in gaining
entry into the first year of the Bachelor
of Circus Arts.
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Welch was appointed a Member of
the Order of Australia in 2009 and
is the founder of the School of Hard
Knocks Institute. Staff, students, NICA
board, student award sponsors and
stakeholders attending the event
were moved and inspired to hear Dr
Welch speak about his achievements
throughout his extraordinary musical
career and his tireless dedication in
giving back to the community.
Artists in Conversation
Held monthly, the Artists in Conversation
seminars connected the NICA community
with practicing artists and provided an
opportunity for students and staff to engage
with artists about the creation of their work.
The informal conversation format was
an ideal platform for knowledge-sharing
and presented staff and students with the
opportunity to explore current ideas around
creating contemporary work.
The NICA Achievement Award, presented
to students who strive for excellence in
their pursuit of becoming an outstanding
Australian artist, was awarded to Tamika
Ball and Liam de Jong.
A number of renowned artists contributed
to these sessions including Emma Rice,
Sally Richardson, Antonella Casella,
and Kate Fryer.
Student Intake – JANUARY 2012
15 Certificate III in Circus Arts
The Absolute Physiotherapy Award for
Excellence in Anatomy and Physiology
was presented to Felicia Lannan.
16 Certificate IV in Circus Arts
27 Diploma of Circus Arts (1st year)
27 Advanced Diploma of Circus Arts (2nd year)
19 Bachelor of Circus Arts (3rd year)
Total
The May Wirth Award and Con
Colleano Award, sponsored by Theatre
Tours Australia, recognise male and
female students with the highest
academic results in the first year. The
awards were presented to Alexis
Hedrick and Darcy Meaker respectively.
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The Sir Rupert Hamer Award, presented
by The Honourable Rod Kemp to
students for their dedication and
outstanding achievement, was awarded
to Rosita Hendry and Rowan Thomas.
The 2012 Circus Oz Award,
recognising artists who encapsulate the
spirit of collaboration, was awarded to
Jaimi Luhrmann.
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Certificate III
& Certificate IV
in Circus Arts
Supporting Research:
NICA & Swinburne
ICT Partnership
The Certificate III in Circus Arts offered
students completing Year 11 or 12 the
opportunity to combine circus training
at NICA with academic studies at the
Victorian College of the Arts Secondary
School (VCASS). The Certificate IV
in Circus Arts is a one-year full-time
preparatory vocational qualification.
NICA partnered with a team of postgraduate Information & Communication
Technologies students from Swinburne
University to create a prototype Circus
Trainer App for use with androidequipped mobile phones. This innovative
technology, still in the early phases of
development, aims to assist circus students
to evaluate their position and the relative
angles of body parts that need to be
corrected. A demonstration of a skill is
recorded and uploaded from a hand-held
device to a server. The Circus Trainer
App then assesses the uploaded vision
against pre-defined rules established
from a standard skill performed by a
demonstrator, and sends the processed
vision back to the hand-held device,
highlighting any improvements to be
made to the student’s technique.
VCASS students undertaking the
Certificate III in Circus Arts were invited to
be part of the Performing Arts Showcase
at VCASS for Their Royal Highnesses
The Prince of Wales and The Duchess of
Cornwall during their Melbourne visit.
Certificate III in Circus Arts and Certificate
IV in Circus Arts students were invited to
perform at the Victorian State Schools
Spectacular for the second consecutive
year. This showcase is one of the largest
performing arts events in Australia and
was held at Hisense Arena. It featured
30 circus artists performing alongside an
80-piece orchestra, 1500-voice choir,
1400 mass dancers, 23 lead vocalists,
40 principal dancers, 40 ensemble
dancers, and 18 backing vocalists.
NICA’s Certificate III and Certificate IV
in Circus Arts students also performed at
the annual Victorian Education Excellence
Awards which showcased the outstanding
achievements and practice of early
childhood and school teachers, leaders
and education support officers in Victorian
Government Schools. The students worked
with creative director, Neill Gladwin, and
their circus trainers on a spectacular aerial
and acrobatic act which they performed
at the prestigious awards ceremony at
Crown Palladium.
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NICA
G R A D UAT ES
CIRCA x 8
Cirque du Soleil Allegria
TOM TOM CREW
SolyCirco Circus Festival
Winter Garten
STRANGE FRUIT
x7
x4
x2
RUSSIA
CIRQUE DU SOLEIL
AMALUNA
UK
CANADA
EUROPE
JAPAN
USA
CIRCA
CIRCUS OZ
x7
x4
S.E. ASIA
CHINA
UAE
x3
x3
FERRARI
WORLD
x3
x3
CIRQUE DU SOLEIL
O and ELVIS
In 2012 graduates
were working
across the globe
As a result of an extensive survey of
all NICA graduates, we can report a
significant increase in the number of NICA
artists employed by international companies.
Of these, Cirque du Soleil continues to be a
major employer with four graduates working
in their long-running permanent shows; O,
Alegria, Elvis, Iris and Amaluna. Franco
Dragone, whose vision is spearheading a
new artform that combines circus, opera
and musical, employed three graduates
for the internationally-acclaimed House of
Dancing Water in Macau, China. Also in
2012, a new long-term contract was forged
with Ferrari World in Abu Dhabi who
employed three graduates.
south AMERICA
x5
LE GRAND
CIRQUE
STRANGE FRUIT
FESTIVAL MONDIAL DU
CIRQUE DE DEMAIN
x3
The number of new and independent
companies has increased since 2011,
indicating both a growth in the market place
for original contemporary circus and the
emergence of a new breed of circus artists
to meet that demand.
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AUSTRALIA
x 10
Flipside
Circus
Slack
Taxi
x 16
New
Zealand
Fringe
Festival
Circus
Quirkus
x7
x3
Slack Taxi
Hoopla Festival
The Sydney Festival
Pacha at Ivy
x 26
x 25
x5
x 13
Cirkidz
Adelaide Fringe Festival
Royal Adelaide Show
Slack Taxi
CARNIVAL AUSTRALIA
x3
Circa
Circus Oz
Global Creatures
Lennon Brothers Circus
Silvers Circus
Strange Fruit
La Soiree
LA SOIREE
CIRCUS SPACE
NO FIT STATE CIRCUS
PICCADILLY CIRCUS
THE EXHIBITIONISTS
(LONDON OLYMPICS)
x5
x3
Sandfly
Circus
Slack Taxi
Perth Fringe Festival
CIRQUE DU SOLEIL IRIS
Dragone House of
Dancing Water
STRANGE FRUIT
x 15
Voyage DE LA VIE
BEN 10
SOUTH AFRICA
x3
DISNEYLAND (HK)
CLUB MED
SAPANA CIRCUS
x2
x 13
14
Universal Studios
Kinoshita Circus
LE NOIR
Ben 10
KAGE
King Kong
Opera Australia
Red Bennies
Melbourne
Fringe Festival
Slack Taxi
Melbourne
International
Arts Festival
x 49
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G R A D UAT ES
SPOTLIGHT ON CAREERS
Daniel Power and Leigh Marning
were invited to compete in the Wuhan
International Acrobatic Art Festival of China.
They were awarded the Yellow Crane of
Excellence trophy for their duo aerial hoop
act titled One Beautiful Evening.
Jess Niven, Tayo Wilson and Emma
Shepherd performed in The Exhibitionists,
an international ensemble of emerging
circus artists who presented site-specific
outdoor circus installations as part of the
Cultural Program of the Olympic Games.
Stan Ricketson participated in the Torch
Relay of the London Olympic Games.
Pants Down Circus, a new circus
company established by four 2009 NICA
graduates won the award for Best Circus
performance at the 2012 Melbourne
Fringe Festival. Co-founder Hannah Cryle
also won the award for Best Emerging
Circus Performer.
Three 2011 NICA graduates founded
Three High Acrobatics and toured their
show Knock Off around Australia and
at the New Zealand Fringe Festival.
The company won first prize in the
2012 Circus Showdown at Gasworks
Arts Park, Melbourne.
Emma Sergeant, previously with Circa,
formed the company Casus in 2011 with
four other professional circus artists. In
2012 they toured their critically acclaimed
debut work Knee Deep to the Edinburgh
Fringe Festival, L’Europeen in Paris and the
Woodford Folk Festival.
Following his performance in Le Grand
Cirque’s Adrenaline at the Sydney Opera
House in 2011, Thom Worrell performed
at the SolyCirco festival in Sylt, Germany,
and also received an Engagement Award
for his aerial hoop act at the legendary
Wintergarten theatre in Berlin.
NICA graduates Jess Love and Marawa
Ibrahim continued touring internationally
with La Soiree. They returned to Melbourne
to perform the show in the 2012
Melbourne Festival after a record-breaking
season at the Sydney Opera House.
Critically acclaimed Australian
contemporary circus company, Circa,
whose cast comprises predominantly
NICA graduates, won a Helpmann
Award and an Export Award.
Emma Henshall continued working for
Cirque du Soleil’s Iris and also performed
at the Academy Awards. After Iris closed,
Emma was contracted a second time for
Cirque du Soleil’s O at the Bellagio in
Las Vegas.
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PERFORM ANCE
PROGRAM
Lucy and the Lost Boy
13 – 23 June 2012
NICA National Circus Centre
Award-winning Australian physical theatre
and circus director, Sally Richardson,
returned to NICA to create Lucy and the
Lost Boy in collaboration with NICA’s third
year students. Set amongst the evocative
and bold street art of Melbourne’s iconic
laneways, the innovative production
combined circus with visually stunning
video projections by Australian media
artist Olaf Meyer and sound design by
David Franzke.
Audience numbers: 2791
NICA’s 2012 production is a collaboration of physical and visual
art that reaches from the ground to the towering ceiling, making for
a multi-level, three-dimensional theatre experience. It’s funny, sad,
funky and edgy, with enough restraint that you can take your kids
– who may get inspired to run away and join the circus, or better
still, finish school and study circus arts at NICA
Karen Coombs, Stage Whispers, 18 June 2012
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PERFORM ANCE
PROGRAM
Described back in 2008 as ‘the future of circus’, NICA’s exceptional
second year talent prove why they’re worthy of that accolade.
Vivienne Mah, Australian Stage, 15 September 2012
Made to Fit
12 – 22 September
NICA National Circus Centre
Made to Fit, directed by Megan Jones
and Meredith Kitchen, held a mirror up
to our expectations and desire to fit in.
The twenty-seven second year students
explored the boundaries of social norms
while testing their own physical limitations.
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NICA
PERFORM ANCE
PROGRAM
Stellar circus arts possess a rare combination of skill, pacing and
pathos. These students are on their way to finding this elusive mix.
Stephanie Glickman, Herald Sun, 26 November 2012
Circus Showcase 2012
22 November – 1 December
Circus Showcase 2012 was directed
by Meredith Kitchen and featured solo
and duo performances by NICA’s
graduating students.
The show presented an entertaining
variety of high-level contemporary circus
ranging from the most breath-taking
aerials to hilarious comedy acrobatics and
impossibly graceful tightwire routines.
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NICA TEAM
NICA Board
of Directors
Chair
The Hon Rod Kemp
Directors
Mr Andrew Guild
Mr Ross Mollison
Mr Bryan Rossi
Ms Kate Shelmerdine
Mr David Stevens
Ms Mary Stuart
Executive and
Administration
Director & CEO
Pamela Creed
Acting General Manager
Emily O’Connor
Head of Circus
Studies & Diploma
Year Coordinator
Lu Guang Rong
Head of Performance
Studies & Bachelor
Year Coordinator
Megan Jones
Marketing & Communications
Executive
Maria Rizzo
Executive Assistant
Tania Mariani
Finance Officer
Shashwat Patel
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Student Administration
Kim Postill
SESSIONAL
TEACHING STAFF
HEALTH & INJURY
PREVENTION TEAM
• Nanjing, China – International
Circus Clown Festival
VOLUNTARY WORK
UNDERTAKEN BY STAFF
Administration Assistant
Clare Toms
Sports Medical Practitioner
Dr Kathy Yu
• Shanghai, China – National
Circus Safety Workshops
Principal Physiotherapist
Dr David Munro
• Taiwan, China – International
Drama and Performing Arts
Forum
Aerials trainer Kathryn Niesche
toured remote Indigenous
Warlpiri communities in the
Northern Territory as a volunteer
performer with a humanitarian
clown troupe and World Vision.
Advanced Diploma Year
Coordinator
Vasily Ivanov
Jens Altheimer
Dr Kim Baston
Jacqui Louder
Rosalind Mackay
Jasmin Meaker
Stephen Morgante
Dr David Munro
James Pratt
Donna Stevens
Mel Stevenson
Certificate IV Coordinator
Tegan Carmichael
OPERATIONS
Strength & Conditioning Coach
Annie Alderson
Special Projects / Admin Assistant
Georgia Mill
EDUCATION TEAM
Certificate III Coordinator
Meredith Kitchen
Senior Educators
Fiona James (H.Ed)
Candice Williams (TAFE)
TEACHING STAFF
Lincoln Barros
Stephen Burton
Charlie Cheng
Qi Jin Cui
Mathew Daniels
Liudmila Druzhina
Arturo Gomez
Martine Howard
Konstantin Ibraguimov
Kathryn Niesche
Daniel Power
Lu Rong
Ludwig Schukin
Tarn Scully
Earl Shatford
Julian Wisdom
Jing Jing Xue
Aaron Walker
Avan Whaite
Diana Zhang
Business Development
Manager
Marko Mykyta
Technical Manager
Eduard Ingles
Riggers
Andrew Bright
Margot Storm
COMMERCIAL
AND COMMUNITY
PROGRAMS
CircaNICA Agent
Liz Louden
Social Circus Trainer
Andrea Ousley
Short Course Coordinator
Paula McKaskill
Commercial Operations
Administrative Assistant
Tarah Carey
Physiotherapists
Penny Dayan
Joanna Rashleigh
• Wuhan, China – Wuhan
International Acrobatic Art
Festival of China
Sports Psychologist
Jacqui Louder
National
Myotherapists
Southern School of
Natural Therapies
• Adelaide Fringe Festival
• Australian Physiotherapy
Association (Vic),
Melbourne
• Catapult Youth Circus Festival,
Bathurst
CONFERENCES,
PRESENTATIONS,
FORUMS
• Circularity Contemporary Circus
Festival, Melbourne
Staff and students participated
in professional development and
industry engagement activities.
• Melbourne Juggling
Convention
International
• Auch, France – Circa Festival
and the Circle performance
program for members of the
FEDEC
• Melbourne Fringe Festival
• National Youth Circus
Symposium, Melbourne
• Perth Passing Convention
• Sydney Juggling Convention
• Woodford Folk Festival, Qld
Social Circus Trainer, Andrea
Ousley, worked as the Artistic
Director of The Red Nose
Foundation Hidung Merah,
a not-for-profit organisation in
Jakarta, Indonesia.
NICA VOLUNTEERS
NICA continued to participate
in the Work Experience program
and offered placements to 15
secondary school students. Many
of these successfully auditioned
for entry into NICA’s accredited
courses in 2013. Marketing
interns contributed to the success of
marketing, social media and public
relations campaigns by supporting
the Marketing Department and
CircaNICA. They gained real-world
experience and received one-onone mentoring from the Marketing
Executive and CircaNICA Agent.
• Auch, France – Directors’
Workshops, European
Federation of Professional
Circus Schools (FEDEC)
Placements 2012
NUMBER
HOURS
• Finland – European Juggling
Convention
Work experience students
15
375
Marketing interns
3
407
Front of house volunteers (students)
51
336
Front of house volunteers (staff)
10
88
Total
79
1206
• Montreal, Canada – FEDEC
conference
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N I C A’ S
N AT I O N A L
PRESENCE
NICA continued to build on its
relationships with the circus and
performing arts industries as well as
other training and education providers
in order to meet its goal of driving
excellence to enhance the educational,
vocational and artistic outcomes of is
students and graduates.
NICA is one of eight arts training
institutions that comprise the Australian
Roundtable for Arts Training Excellence,
together with the Australian Ballet
School, National Institute of Dramatic
Arts, Australian National Academy
of Music, Australian Youth Orchestra,
Australian Film Television & Radio
School, Flying Fruit Fly Circus and the
National Aboriginal Islander Skills
Development Association. National circus
industry engagement
Circularity Contemporary Circus Festival
National Youth Circus Symposium
Presented by the Women’s Circus in
April, the Circularity Contemporary
Circus Festival brought circus and
community together across three arts
venues in Footscray to explore and
challenge ideas about circus.
In July, NICA took part in the National
Youth Circus Symposium hosted by
Westside Circus in partnership with the
Australian Circus and Physical Theatre
Association (ACAPTA).
The program included free forums to
encourage participants to share, debate
and understand the changing world of
circus. NICA Director & CEO, Pamela
Creed, was on a panel comprising
leading educators and circus visionaries
from Australian community and youth
circuses to discuss the Australian circus
and physical theatre ecosystem. Social
Circus Trainer, Andrea Ousley, presented
on career pathways.
The three-day event brought together
managers, trainers and educators
from youth circus organisations across
Australia to discuss developments
in the sector, support professional
development for trainers and identify
career pathways for students.
Catapult Youth Circus Festival
In April, NICA Director, Pamela Creed,
and Social Circus Trainer, Andrea Ousley,
also attended the Catapult Youth Circus
Festival in Bathurst, NSW and presented
on global perspectives.Established in
2005, Catapult’s intention is to create
a performance and skill development
platform for the growing number of youth
circus and physical theatre troupes in
Australia. Many of these troupes are
linked to schools and this festival aims
to support the increasing importance of
circus and physical theatre activity in the
secondary school curricula.
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N I C A’ S
I N T ERN AT I O N A L
PRESENCE
International Study
Tour & Performance
at the Circle, Auch
NICA is Australia’s only member in the
European Federation of Professional
Circus Schools (FEDEC). For the
sixth consecutive year, the FEDEC
hosted Encounters, a series of events,
presentations and meetings that
provided opportunities for exchange
between the ten member schools as part
of Circa, an international circus festival
in Auch, France.
As part of NICA’s international study
tour, fourteen second year students
travelled to France to attend the Circa
festival. A number of the students
performed in the Circle which is a
performance program for members
of the FEDEC schools. The tour also
included Toulouse and Paris where
students saw performances by circus
schools and leading contemporary
circus companies from France, Italy,
Spain, Sweden and Switzerland.
The Richard Pratt Creative Fellowship
from the Pratt Foundation supported the
International Study Tour & performance
at the Circle. The Fellowship celebrates
Richard Pratt’s involvement with NICA
and his contribution to the Arts, and
enables NICA to engage with national
and international communities.
NICA COLLABORATES ON
CIRCUS TRAINING MANUAL
“The experience motivated me to train harder. Seeing
the bigger picture and witnessing other students from
many parts of the world who are of the same age
produce a particular level of skill and technique was
really good to see and has encouraged me to push
myself harder.”
Lu Guang Rong attended a conference in
Montreal hosted by the National Circus
School of Canada to develop an Aerial
Straps manual for use by all members of
the European Federation of Professional
Circus Schools (FEDEC).
2012 London
Olympic Games
Four CircaNICA artists were selected
to join an international ensemble of
emerging circus artists to perform as part
of the 2012 London Olympic Games
held from 2 July to 5 August. Titled The
Exhibitionists, the project was funded by
the Arts Council of England in partnership
with Roadhouse, London. CircaNICA
received support from Arts Victoria through
the International Cultural Exchange Grant
to assist with the artists’ travel expenses.
NICA presents
National Circus Safety
Workshops in China
In recognition of NICA’s leadership in
circus safety standards and teaching,
Head of Circus Studies, Lu Guang Rong,
was invited to China to present National
Circus Safety Workshops to the Chinese
Acrobatics Association and the Shanghai
Circus School. Guang Rong’s insights
into Australian circus safety standards
were well received and the discussions
facilitated a greater recognition of Chinese
and international circus safety standards.
Wuhan International
Acrobatic Art Festival
of China
NICA graduates Daniel Power and Leigh
Marning represented NICA and Australia
at the Wuhan International Acrobatic Art
Festival of China. This is the third occasion
NICA has been invited to submit an
act for selection at the biannual festival.
They were awarded the Yellow Crane of
Excellence trophy for their act titled One
Beautiful Evening. NICA provided support
through training, rehearsal space, travel,
accommodation and marketing.
Tim Rutty, Second Year Student
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nica I N T H E
COM MUNIT Y
Community circus
PROGRAM
Over 1460 people participated in NICA’s
recreational and leisure classes. Over 30
short courses were offered in 8-10 week
blocks and these appealed to a wide
range of children, teenagers and adults.
Workshops for schools
AND the community
“The feedback from the students has been fantastic and
just what I had hoped for. They really enjoyed the trainers
NICA continued to deliver the benefits of
circus training to the community through
tailored workshops.
and thought they were exciting and supportive and great
to work with.”
A total of 18 one-day workshops were
conducted for clients including secondary
schools, not-for-profit organisations,
accounting firms, and retail giant, the
Good Guys. Under the guidance of
NICA trainers and graduates, participants
shared the challenge of learning new
circus skills in a fun and supportive
environment, and developed confidence,
mutual trust, leadership, communication
and problem solving skills.
Martin Croft, The University of Melbourne, 22/06/2012
“They were very surprised and all enjoyed the different
activities and I turned out to be not too bad at juggling!
I am going to buy myself juggling balls for Christmas.”
Deanne Riddington, St Vincent’s Private Hospital, 18/12/2012
community statistics 2012
“Everyone had a great time although there are a few sore
people today!”
2012 Community
program participants
by age
Jacqueline Weedon, The Good Guys, Fri 14/12/2012
NICA Youth Circus Finale
Sponsored by the City of Stonnington
since 2005, the 2012 NICA Youth
Circus Finale was titled Little Monsters and
focused on all things creepy and spooky.
Cr Claude Ullin from the City of
Stonnington addressed a supportive and
enthusiastic audience of over 400 at the
NICA National Circus Centre. The annual
show brought together over 140 students
from NICAmites, NICAdets, Circus Teens,
Aerial Teens and Advanced AerialTeens.
Each group enthralled audience members
with their performance and circus skills
under the direction of award winning
NICA graduate Hannah Cryle.
CORPORATE Workshops
Mischief, Motivation, Attitude, a
Melbourne-based company, requested a
team building experience for their client as
part of a reward and recognition program
for employees. Seventy adults experienced
circus for the first time and participated in
a range of activities including trampoline,
trapeze, tightwire, juggling, hula hoops
and human pyramids. At the end of the
workshop, participants were rewarded
with a short performance by graduate
company, Pants Down Circus.
NICA partnerships AND sponsored projects
Social Circus program sponsored
by the City of Stonnington
NICA received a City of Stonnington
Community Program Grant for the third
consecutive year to further enhance
outreach work with youth from the Councilrun Prahran Adventure Playground. The
program took place over nine weeks in
Term 4 and culminated in a performance
to family members on the stage of the
NICA National Circus Centre.
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Australian Training Awards
Nineteen NICA students performed at
the Australian Training Awards at Etihad
Stadium. Sponsored by the Australian
Government, the annual awards
recognise and reward innovation in
vocational education and training.
5 1%
• Under
6 – 11 43%
• 12 – 17 16%
• 18+ 40%
•
The 20 minute performance featured a
jazzy hula hoop number, adagio, roué
cyr, hand-balancing and an acrobatic
swing-dance finale.
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MEDIA
AND
MARKETING
The impressive skills, inspirational
artistry and vibrancy of NICA’s circus
artists consistently attracts media to
feature student performances and the
Bachelor of Circus Arts auditions across
print, online, radio and television.
NICA partners with Mollison
Communications, whose other major
clients include Cirque du Soleil (Australiawide big top tours), Bangarra Dance
Theatre, Sydney Dance Company,
Spiegelworld and the Arts Centre, to
secure editorial, reviews and listings
across arts and entertainment as well as
mainstream media nationally.
The NICA website, equipped with
eCommerce capabilities, continues to be
a powerful marketing tool. The number
of unique visitors has risen to 40,242
since the site’s redevelopment in 2011.
NICA continues to distribute its monthly
eNewsletter to over 7000 subscribers.
NICA’s Facebook page connects
audience members, prospective students
and industry performers across the globe
with NICA’s students, graduates, trainers
and staff, and has proven to be an
effective low-cost tool to reach an elusive
demographic. Facebook and Twitter are
used to promote student performances,
circus classes, holiday programs,
workshops and masterclasses, audition
information and discount offers, as well as
to share achievements, media reviews and
photos from performances and tours.
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Online
Television
Online mentions increased from 2011
and accounted for 69% of all media
coverage. A video interview by reporter
Kate Evans was filmed for viewing on The
Age website, mobile and tablet devices.
It featured guest director & deviser Sally
Richardson talking about Lucy and the
Lost Boy and included footage of NICA
students rehearsing in a local lane-way
with street art. The video news story was
syndicated to other Fairfax sites including
The Sydney Morning Herald, WA Today,
the Canberra Times, Drive.com.au and
Domain.com.au.
In a news story on ABC TV in Western
Australia, the reporter cites the exponential
growth of community circus as an uniquely
Australian phenomenon and suggests that
NICA, along with Circus Oz and Flying
Fruit Fly Circus, have contributed to the
growth of the circus industry in Australia.
Print
Following the global trend away from print
publications towards online distribution of
news, current affairs and entertainment,
mentions of NICA in print decreased from
2011. Over 100 student performers and
graduates were profiled in community
newspapers across Australia, increasing
ticket sales and raising awareness of
NICA’s accredited courses and the
opportunities for careers in the ever-growing
circus and physical theatre industry.
Media
statistics 2012
Radio
State-wide and Community radio stations
continued to play a key role in distributing
information about NICA student
performances and the Bachelor of Circus
Arts auditions. Students were interviewed
on xx programs, providing valuable
media training and the directors of the
shows shared their insights on the creation
process. The directors of the shows shared
their insights on the creation process and
students gained valuable media training
by being interviewed live to air, in-studio
and over the phone.
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NICA hosted a series of live weather
crosses on the TODAY Show breakfast
program on the Nine Network and a short
feature about NICA aired on Network
Seven’s Saturday Disney program.
In addition to TV coverage of NICA, a
number of second year students, calling
themselves Circotic reached the semi
finals of Australia’s Got Talent on Network
Seven. Daniel Golding and Daniel Power
also appeared in Everybody Dance Now,
and Tamika Ball and Liam DeJong were
heat winners of that television series on
the Ten Network.
NICA teacher Meredith Kitchen was
filmed being introduced to Their Royal
Highnesses The Prince of Wales and
The Duchess of Cornwall on the ABC TV
news coverage of the Royals’ tour of the
Victorian College of the Arts Secondary
School at which the Certificate III in
Circus Arts students performed.
Media statistics 2012
69%
• Online
• Print 21%
8%
• Radio
• Television 2%
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C irca nica
Ferrari World, Farah Leisure
Centre, Abu Dhabi
CircaNICA continued to lead the way
as Australia’s premier supplier of
contemporary circus entertainment.
Representing graduate artists and
industry professionals, the agency
provides talent solutions for short
and long-term contracts, produces
commissioned performances, and
secures preferred-supplier relationships
with corporate clients, event agencies
and venues across Australia.
Key Contracts 2012
CircaNICA performers Bryan Talaga,
Nicola Cairns, David Coombs and Tomek
Wiwatowski were placed in long-term
contracts in Ferrari World’s Red Show.
Eness Multimedia Performance
Ben 10 Tours
CircaNICA worked with award-winning art
and design practice, Eness, who required
two circus artists as part of their distribution
pitch for the motion pictures The Hobbit
and The Great Gatsby. Infra-red trackers
monitored the performers’ movements
which were then digitally enhanced and
projected as 3D animations in real time.
Four CircaNICA artists toured Australia,
New Zealand and Kuala Lumpur with
the children’s show Ben 10, produced
by Life Like Touring.
In 2012, CircaNICA secured
155 contracts providing artists
and creative services for production
companies, corporate functions, private
parties, festivals, outdoor events, film
and television. The following case studies
demonstrate the wide range of clients
and their requirements.
The Exhibitionists,
London Olympics
The Exhibtionists was directed by Sue
Broadway and produced by Di Robson
Events & Arts Management (Dream).
The ensemble delivered a series of short
choreographed dance works as well as
a mixture of site-specific acrobatics and
aerial pieces.
Australian Institute of Quantity
Surveyors (AIQS) Awards Night
CircaNICA was commissioned to create
a sleek and contemporary performance
inspired by architectural and building
designs for the annual AIQS Infinite Value
Awards at Maia, Docklands.
CircaNICA forged a partnership with
Dream to facilitate four emerging
Victorian circus performers to participate
and received an Arts Victoria Cultural
Exchange Grant to assist with their travel
costs. An estimated 200,000 people saw
the live performance on Exhibition Road
and Piccadilly Circus. The collaboration
was a chance for CircaNICA to build its
international profile and foster overseas
employment opportunities for its artists.
Big Tops for Little Tots
CircaNICA’s production Big Tops for Little
Tots performed two shows at the Drum
Theatre in Dandenong. The musical circus
show for 3-8 year olds premiered at the
Melbourne Circus Festival in September
2011 and featured three NICA graduates
and two final year NICA students.
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Long-term contracts
MAD Foundation Annual
Gala Ball – 5 November 2012
ABC TV Toombak Indigenous Productions,
Marngrook Footy Show
The MAD Foundation raises funds
to help disadvantaged children and
young people.
Ben 10, Australia, New Zealand and
Kuala Lumpur tour
“Thanks Elizabeth. It was just absolutely
Girton Grammar School, Bendigo
fantastic and your performers were once
Carnival Australia, Pacific Sun Cruise Ship
again excellent.”
Crown Casino, Melbourne
Ferrari World, UAE
Richard Briggs, MAD Foundation
F1RST Tax & Duty Free, Melbourne
International Airport
Global Creatures (6 graduates contracted
for world premiere of King Kong in 2013)
Southern Health Annual
Staff Ball – 6 October 2012
Heathmont Traders Association
“The event was a wonderful success and
Highpoint Shopping Centre
I’m delighted with the outcome. Your
suggestions and feedback have helped me
put together what I think was an amazing
show, and I truly appreciate it.”
Phoebe Reid, Monash Health Foundation,
CircaNica
Spiegeltent, Wonderland Fun Park
Client Sectors
CircaNICA artists were engaged to
perform across the following industry
sectors in 2012.
Southern Health
Marriner Group Christmas
function – 17 December 2012
“The event was a huge success and I think
the acts were a fantastic addition to the
night’s entertainment. They did a fantastic
job and the crowd loved it.”
Emily Wright, Marriner Group
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and event companies 46%
• Corporate
14%
• Private
Arts and entertainment 10%
• Education 10%
• Government 6%
• Film and TV 5%
• Not for profit and charities 5%
• Festivals 3%
• Sport 1%
•
ANNUAL REPORT 2012
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nica
SUPPORTERS
The National Institute of Circus Arts is
supported by the Australian Government
F
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EVENT sponsors
Partnerships
Student Award Sponsors
Circus Oz | Theatre Tours Australia | Absolute Physiotherapy | Swinburne University of Technology
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ANNUAL REPORT 2012 – FINANCIAL STATEMENTS
FINANCIAL STATEMENTS – ANNUAL REPORT 2012
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NATIONAL INSTITUTE OF CIRCUS ARTS LIMITED. ABN 80 084 913 235
REPORT OF OPERATIONS
FOR THE YEAR ENDED 31 DECEMBER 2012
General Information
National Institute of Circus Arts Limited (NICA) is an Australian Public Company limited by guarantee and was established on 27
October 1998 pursuant to the general authority contained in the Swinburne University of Technology Act 1992, superseded by the
Swinburne University of Technology Act 2010. The responsible Minister is the Hon. Peter Hall MP, Minister for Higher Education and
Skills. Remuneration of the responsible Minister is disclosed in the financial report of the Department of Premier and Cabinet. Other
relevant interests are declared in the Register of Members interests which is completed by each member of the Parliament.
NICA is a centre of excellence dedicated to developing and nurturing Australia’s most talented young contemporary circus and
physical theatre performers. NICA is a member of the Australian Roundtable for Arts Training Excellence.
The objectives of the Company are to provide quality education and training in circus arts and physical theatre and thereby enhance
the cultural development of the Australian arts industry.
NICA offers a three year nested vocational degree program which equips graduates with the skills to establish successful careers in
the national and international circus arts industry. The Company’s community and commercial activities increase community, industry
and stakeholder awareness of circus arts. NICA is committed to the growth of the industry by identifying new markets, and developing
strategic partnerships which will enhance opportunities for performance and circus innovation.
In 2012 NICA offered a Certificate III in Circus Arts and a Certificate IV in Circus Arts, complementing the Bachelor of Circus Arts.
The three-year Bachelor of Circus Arts currently incorporates a Diploma of Circus Arts and an Advanced Diploma of Circus Arts. These
were successfully reaccredited in 2012.
In 2012 NICA continued to demonstrate its place as the premier provider of contemporary circus training and education in Australia,
providing opportunities to students and staff to participate in study tours, attendance at the Auch Festival du Cirque, and three
showcase events put on for the public this year. NICA conducts social circus activities with local, national and international groups
through its partnership with Cirque du Soleil. These activities attracted additional funds from various sources, including corporate,
philanthropic and corporate donors.
NICA also initiated a review into the future of the organisation, designed to transform NICA into an organisation that will meet the
challenges facing NICA specifically and the education industry generally. This has included the indication by Swinburne University that
it will not fund NICA beyond June 2013. NICA engaged additional consultants in 2012 to support the development of a Transition
Plan to prepare NICA ‘s way forward post Swinburne’s separation in 2013. NICA also sought independent legal advice around
areas to do with the transition, and to support the development of a new constitution. This extra expense was not budgeted for, and
has adversely impacted the financial results.
NICA continued extensive professional development around teaching and learning for its teachers in 2012, and engaged 1.8
additional senior educators to assist with quality assurance, compliancy across both TAFE and Higher Education programs, and
curriculum development. A number of staff completed formal studies and accredited training in 2012.
NICA alumni artists performed and competed representing Australia and NICA at the Acrobatic Festival in Wuhan, in China. They
were awarded an Artist Award. Lu Gong Rong delivered a series of workshops in China on safety in the Circus Space.
The 2012 performance season attracted large audience numbers with positive press coverage.
Community programs numbers fell in 2012. Over 100 young people performed in the annual community show.
NICA acknowledges the support from the Government through the Department of Prime Minister and Cabinet, Office for the Arts; Skills
Victoria, and in-kind support from Swinburne University.
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NICA’s Future
Administrative Structure
For NICA to continue to operate in its current structure beyond June 2013, access to additional funding is required. Submissions have
been made to Federal and State Government, however outcomes will not be clear until May 2013. Directors are monitoring the
financial situation closely, and will take action once future funding becomes clear. Should no further sources of funding be identified,
the withdrawal of support by Swinburne would cast doubt on the ability of NICA to continue as a going concern.
The organisation structure of the Company is as follows:
Director / CEO
Executive Assistant
Management has developed a detailed strategic plan on how it intends to mitigate this event and continue as a going concern, and is
currently in the process of managing this through its Transition project. Should this project be unsuccessful, there is a doubt that NICA
will be able to realise its assets and discharge its liabilities in the normal course of events.
To mitigate this, Swinburne has provided a Letter of Comfort whereby in the event a decision is taken to wind up the Company,
Swinburne will ensure that NICA’s debts will be paid as and when they fall due, and provide support through the winding up process.
Head of Circus
General Manager
(Corporate Affairs)
Business Development
Manager
Head of Performance
Student Administration Officer
Production Staff
Program Coordinators
Finance Officer
Short Courses & Social Circus
Senior Educators
Administration Assistant
CircaNICA
Administrative Structure
Directors
The Directors of the Company in office during the financial year and at the date of this report were:
Mr Andrew Guild
Marketing Executive
Mr Bryan Rossi
Ms Linda Brown (resigned 10/02/12)
Mr Rod Kemp
Trainers & Teachers
Mr Ross Mollison
Ms Kate Shelmerdine
Ms Nicolette Lee (resigned 10/02/12)
Workforce Data
2012
Ms Mary Stuart
Mr David Stevens (appointed 28/08/12)
Full Time
Part Time
2011
Casual *
Total
Full Time
Part Time
Casual *
Total
Male
16
10
114
140
12
9
92
113
Professor Iain Wallace (As of October 2003)
Female
20
6
102
128
13
5
72
90
Mr Frank Bannon (As of June 2003)
Total
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16
216
268
25
14
164
203
Associates of the Institute
Mr Mark St Leon (As of June 2003)
Chief Executive Officer
Ms Pam Creed
Company Secretary
Mr Thomas Rowan (Appointed 26 October 2006)
Qualifications:BA , LLB (Melb)
*Casuals include teaching staff for the CircaNICA Agency, Short Course and Community programs, and other NICA activities.
104 students participated in the core program of NICA in 2012.
Merit and Equity Policy
The Company applies the merit and equity policy which is under the umbrella of Swinburne University of Technology and includes
policies relating to anti-discrimination, equal employment opportunity, harassment and victimisation.
Occupational Health and Safety
The Company complies with relevant occupational health and safety legislation through adherence to the policies of Swinburne
University of Technology.
Freedom of Information
There have been no requests in 2012 under the Freedom of Information Act 1982 (2011, nil).
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DIRECTORS’ REPORT
Whistleblowers Protection
Your Directors present their report on the Company for the financial year ended 31 December 2012. The financial report has been
prepared in accordance with the Swinburne University of Technology Act (Vic, 2010 as amended), the Corporations Act (Cth, 2001),
and the Financial Management Act (Vic, 1994)
The Company complies with policies and procedures in relation to the protection under the Whistleblowers Protection Act 2001.
The Company did not receive any applications in 2012 (2011, nil ).
Directors
Relevant Financial and Other Information
The names and details of the Directors of the Company in office during the financial year or at the date of this report are:
Operating Performance and Financial Position
Name:
Experience:
Mr Andrew Guild
Director since February 2000
Arts production and performance expertise
Director, Theatre Tours Australia
Name:
Qualifications:
Experience:
Ms Kate Shelmerdine
BA (Swin)
Director since January 2007
Arts funding management & governance expertise
Name:
Qualifications:
Experience:
Ms Mary Stuart (Appointed 14/9/2011)
BA (Monash), Dip Ed (Monash)
Government relations, industrial relations, Industry development, Best Practice expertise
Name:
Qualifications:
Experience:
BA Hons (Brighton) MA (Brighton) PhD. (Swin)
Background in professional design practice, Academic programs, several qualifications in education
Name:
Qualifications:
Experience:
BCom (Melb), FCPA, CTA
Experience in the public and private sectors providing fiscal/economic reform and public policy advice
Name:
Qualifications:
Experience:
Mr Ross Mollison
BEc (Monash)
Director since November 2000
Marketing, advertising, and public relations expertise
Director, The Production Company
Name:
Qualifications:
Experience:
Mr Bryan Rossi
BEc(La Trobe), Grd Dip BIS(Swin), MMT(Melb), CPA, GAICD
Director since August 2009
CFO, Finance Department, Swinburne University of Technology
Extensive experience in financial management in Higher Education
Name:
Qualifications:
Experience:
MSC, DMS (MMU); BA (Public Policy); PGCE, AICD Dip Corporate Affairs
Director since August 2009
Deputy Vice-Chancellor and Director TAFE Swinburne
Name:
Qualifications:
Experience:
The Hon. Rod Kemp
B.Com (University of Melbourne)
Director since October 2009
Former Federal Minister for the Arts and extensive experience in economics, government and corporate relations
2008
$000
2009
$000
2010
$000
2011
$000
2012
$000
Revenue
4,040
4,691
5,151
5,400
5,337
Expenses
4,437
4,892
5,144
5,526
5,423
(397)
(201)
7
(126)
(86)
2,122
1,957
1,984
1,872
1,803
351
341
360
374
374
1,771
1,616
1,624
1,498
1,429
Surplus/(Deficit)
Assets
Liabilities
Equity
Operational and Budgetary Objectives
The Company’s operational and budgetary plans and objectives for 2012 were consistent with the Company’s objectives as stated in
the Director’s report.
Building and Compliance
The Company complies with relevant legislation through adherence to the policies of Swinburne University of Technology.
Compliance with National Competition Policy
The Company complies with relevant legislation through adherence to the policies of Swinburne University of Technology.
Audit Committee
The Company falls under the ambit of the Swinburne University of Technology Audit and Risk Committee.
Consultancies
During 2012 there were no consultancies. (2011, nil).
Director
Mr Bryan Rossi
Date Signed: 21/02/13
Prahran
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DIRECTORS’ REPORT
DIRECTORS’ REport
Company Secretary:
Directors’ Benefits
Mr Thomas Rowan (Appointed 26 October 2006)
Qualifications: BA , LLB (Melb)
Principal Activities
The Company provides training in circus arts. It was incorporated on 27 October 1998 and commenced operations in 1999. It is a
company limited by guarantee.
Review of Operations
No Director has received or become entitled to receive any benefit (other than a benefit included in the aggregate amount of
emoluments received or due and receivable by Directors shown in the Company’s accounts, or the fixed salaries of Directors who are
full-time employees of the Company or a related corporation) by reason of a contract made by the Company or a related corporation
with a Director or with a firm of which he/she is a member, or with a Company in which he/she has a substantial financial interest.
Meetings of Directors
There were 7 meetings of Directors during the financial year. Attendances were:
The financial report has been prepared for the year ended 31 December 2012. The 2012 operating deficit is $86,227
(2011 deficit $126,139).
Number Eligible
to Attend
Number
Attended
Taxation
Ms Mary Stuart
7
7
The Company is exempt from income tax.
0
0
Dividends
Mr Andrew Guild
7
5
Not applicable, the Company is limited by Guarantee.
Mr Ross Mollison
7
2
Significant Changes in the State of Affairs
Ms Kate Shelmerdine
7
7
For NICA to continue to operate in its current structure beyond June 2013, access to additional funding is required. Submissions have
been made to Federal and State Government, however outcomes will not be clear until May 2013. Directors are monitoring the
financial situation closely, and will take action once future funding becomes clear. It is clear that should no further sources of funding be
identified, the withdrawal of support by Swinburne would cast doubt on the ability of NICA to continue as a going concern.
Mr Bryan Rossi
7
6
0
0
Mr Rod Kemp
7
7
Management has developed a detailed strategic plan on how it intends to mitigate this event and continue as a going concern, and is
currently in the process of managing this through its Transition project. Should this project be unsuccessful, there is a doubt that NICA will
be able to realise its assets and discharge its liabilities in the normal course of events.
3
3
To mitigate this, Swinburne has provided a Letter of Comfort whereby it will ensure that in the event a decision is taken to wind up the Company,
Swinburne will ensure that NICA’s debts will be paid as and when they fall due, and provide support through the winding up process.
Events Subsequent to Balance Date
There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction, or event of a
material or unusual nature likely, in the opinion of the Directors, to affect substantially the operations of the Company, the result of those
operations, or the state of affairs of the Company in subsequent financial years.
Likely Developments and Expected Results of Operations
The company expects to return a positive result in 2013.
Environmental Regulation
The Directors are of the opinion that the Company has complied with all relevant environmental legislation so far as it concerns the
operations of the entity.
Directors’ and Officers’ Insurance
The parent entity, Swinburne University of Technology, maintains Directors’ and officers’ liability insurance that provides redress to the
Company to the extent that it is permitted under law to indemnify Directors and officers for wrongful acts committed in the course of their duties.
Proceedings on behalf of Company
No person has applied for leave of a Court to bring proceedings on behalf of the Company or intervene in any proceedings to which
the Company is a party for the purpose of taking responsibility on behalf of the Company for all or any part of those proceedings.
Rounding of Amounts
The Company is a company of the kind referred to in ASIC Class Order 98/0100, dated 10 July 1998, and in accordance with that
Class Order amounts in the Directors’ report and the financial report are rounded to the nearest dollar.
Economic Dependency
The company’s principle source of funding is grant revenue from the Federal Government Arts Portfolio. The company also receives
financial support from the parent entity, Swinburne University of Technology. This support will cease from 1 July 2013.
This report is made in accordance with a resolution of the Directors.
Indemnifying Officer or Auditor
The company has not, during or since the end of the financial year, in respect of any person who is or has been an officer or auditor of the
Company or a related body corporate: indemnified or made any relevant agreement for indemnifying against a liability incurred as an officer,
including costs and expenses in successfully defending legal proceedings; or paid or agreed to pay a premium in respect of a contract
insuring against a liability incurred as an officer for the cost or expenses to defend legal proceedings; with the exception of the following
matter: During or since the financial year the company has paid premiums to insure each of the responsible persons, which excludes the
external auditor, against liabilities for costs and expenses incurred by them in defending any legal proceedings arising out of their conduct
while acting in the capacity of an officer of the Company, other than conduct involving a wilful breach of duty in relation to the Company. The
amount of the premium was paid as part of an overall insurance charge by the Company’s parent entity, Swinburne University of Technology.
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Director
Mr Bryan Rossi
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Director
Mr Rod Kemp
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DIRECTORS’ DECLARATION
AUDITOR-GENERAL’S INDEPENDENCE DECLARATION
The Directors of the Company declare that:
To the members of the National Institute of Circus Arts Limited
1.The financial report of the National Institute of Circus Arts as set out on pages 54 to 76:
The Auditor - General’s independence is established by the Victorian Constitution Act 1975.
(a)complies with Australian accounting standards as detailed in Note 1 to the financial statements and the Corporations Act
2001, and
(b)complies with section 44 of the Swinburne University of Technology Act 2010, as amended, part 9 of the Directions
of the Victorian Minister for Finance under the Financial Management Act 1994, Australian Accounting Standards, and
Corporations Regulations, and
The Auditor - General, an independent officer of the Victorian parliament, is not subject to direction by any person about the way in
which his powers are to be exercised. Under the Audit Act 1994, the Auditor General is the auditor of each public authority and for
the purposes of conducting an audit has access to all documents and property, and may report to parliament any matters which the
Auditor - General considers appropriate.
(c)gives a true and fair view of the Company’s financial position as at 31 December 2012 and of the Company’s performance
for the year ended on that date.
Independence Declaration
I declare that, to the best of my knowledge and belief, there have been:
(a)
no contraventions of auditor independence requirements of the Corporations Act 2001 in relation to the audit; and
2.In the directors’ opinion, as at the date of this declaration, there are reasonable grounds to believe that the Company will be able
to pay its debts as and when they become due and payable.
(b)
no contraventions of any applicable code of professional conduct in relation to the audit.
3.We are not aware of any circumstance which would render any particulars included in the financial report to be misleading
or inaccurate.
Dr Peter Frost
Acting Auditor - General
This declaration is made in accordance with a resolution of the Board of Directors.
Director
Mr Bryan Rossi
.
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Mr Rod Kemp
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INCOME STATEMENT
STATEMENT OF FINANCIAL POSITION
Note
2012
$
2011
$
4.1
5,336,898
5,400,088
Revenue from continuing operations
Expenses from continuing operations
Employee expenses
4.2
Note
2012
$
2011
$
Cash and cash equivalents
5
69,905
146,215
6
469,520
427,668
539,425
573,883
7
1,107,355
1,177,541
15(d)
156,527
120,220
Total Non-Current Assets
1,263,882
1,297,761
Total Assets
1,803,307
1,871,644
Current Assets
3,451,668
3,373,574
Other current assets
Communications
16,514
16,403
Total Current Assets
Promotion expense
91,424
155,248
Production cost
91,736
185,813
323,237
269,863
Repairs and maintenance (buildings)
10,064
19,230
Repairs and maintenance (equipment)
40,408
29,679
Consumables
76,096
73,423
Travel expenses
83,829
82,857
Equipment
44,093
30,534
Professional service fee
Depreciation
4.2
95,160
157,995
Other expenses
4.2
1,086,457
1,119,508
Audit fee
4.2
12,439
12,100
5,423,125
5,526,227
(86,227)
(126,139)
Net operating result for the year
The above Income Statement should be read in conjunction with the accompanying notes.
Non-Current Assets
Property, plant and equipment
Inter company receivables
Current Liabilities
Accrued expenses
10
12,201
26,188
Employee benefits
9
302,945
310,862
315,146
337,050
59,119
36,699
59,119
36,699
374,265
373,749
1,429,042
1,497,895
Total Current Liabilities
Non-Current Liabilities
Employee benefits
9
Total Non-Current Liabilities
Total Liabilities
STATEMENT OF COMPREHENSIVE INCOME
NET ASSETS
Note
2012
$
2011
$
(86,227)
(126,139)
Reserves
11
114,735
97,361
Retained earnings / (accumulated losses)
12
1,314,307
1,400,534
1,429,042
1,497,895
TOTAL EQUITY
Other comprehensive income after income tax:
Gain (loss) on revaluation of land and buildings
EQUITY
11
17,374
-
Total comprehensive income for the year
(68,853)
(126,139)
Total comprehensive income attributable to NICA
(68,853)
(126,139)
The above Statement of Financial Position should be read in conjunction with the accompanying notes.
The above Statement of Comprehesive Income should be read in conjunction with the accompanying notes.
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STATEMENT OF CHANGES IN EQUITY
CASH FLOW STATEMENT
Note
Balance at 1 January 2011
Retained Earnings
$
General Reserves
$
Total
$
1,526,673
97,361
1,624,034
Cash flows from operating activities
Receipts from customers (inclusive of GST)
12
(126,139)
-
(126,139)
Other comprehensive income for the year
11
-
-
-
1,400,534
97,361
1,497,895
Balance at 31 December 2011
12
(86,227)
-
(86,227)
Other comprehensive income for the year
11
-
17,374
17,374
1,314,307
114,735
1,429,042
Balance at 31 December 2012
The above Statement of Changes in Equity should be read in conjunction with the accompanying notes
2012
$
2011
$
5,109,279
5,038,913
23,287
33,436
471,044
605,069
(235,900)
(222,149)
Payments to Employees
(3,437,165)
(3,348,902)
Payments to suppliers (inclusive of GST)
(1,999,255)
(2,075,387)
(68,710)
30,980
(7,600)
(19,516)
-
-
(7,600)
(19,516)
(Repayment)/Proceeds from borrowings
-
-
Net cash inflow/( outflow ) from financing activities
-
-
Net increase/( decrease) in cash and cash equivalents
(76,310)
11,464
Cash and cash equivalents at the beginning
of the financial year
146,215
134,751
69,905
146,215
Note
Interest received
Other revenue
Receipt/(payment) of GST from/(to) ATO
Net cash inflow/( outflow) from operating activities
17
Cash flows from investing activities
Payments for property, plant and equipment
Receipts from disposals
Net cash ( outflow ) from investing activities
Cash flows from financing activities
Cash and cash equivalents at the end of the year
5/16
The above Cash Flow Statement should be read in conjunction with the accompanying notes.
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Notes to and Forming Part of the Financial Statements
Page
note 1: Statutory Reporting Requirements
Note
Contents
1
Statutory Reporting Requirements
2
Significant Accounting Policies
59– 64
3
Financial Risk Management Objectives and Policies
65– 66
4
Income and Expenditure from Continuing Operations
67
5
Cash and Cash Equivalents
68
6
Other Current Assets
68
7
Property, Plant and Equipment
68– 69
8
Non-interest Bearing Liabilities
70
9
Employee benefits
10
Other Current Liabilities
71
11
Reserves
71
12
Retained Earnings/(Accumulated Losses)
71
13
Segment Information
72
14
Company Structure
72
15
Related Party Disclosure
16
Reconciliation of Cash
75
The preparation of the financial report in conformity with Australian Accounting Standards requires the use of certain critical
accounting estimates. It also requires management to exercise its judgement in the process of applying the National Institute of
Circus Arts accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and
estimates are significant to the financial report, are the valuation of non-current assets (such as buildings). The Company obtains
external advice in the calculation of these estimates.
17
Reconciliation of Net Operating Result for the Year to Net Cash Flows from Operating Activities
75
Presentation of financial statements
18
Contingent Liabilities and Contingent Assets
75
19
Operating Lease Commitments
76
20
Capital Commitments
76
21
Superannuation Funds
76
The presentation requirements have been applied for the entire reporting period and comparative information has been represented to also comply with the revised AASB 101.
22
Company Details
76
(b)Revenue Recognition
23
Events Occurring after Balance Date
76
24
Subsequent Events
76
25
Economic Dependency
76
Revenue is measured at the fair value of the consideration received or receivable. Amounts disclosed as revenue are net of duties
and taxes paid. Revenue is recognised for the major business activities as follows:
- Government financial assistance revenue is recognised in the year to which funding relates as determined by the bodies
providing the financial assistance.
- Interest revenue is recognised on a proportional basis taking into account the interest rates applicable to the financial assets.
- Fees and Charges: Fees include amounts received or receivable in respect of consulting and course delivery. Consulting revenue
is recognised after completion of the service and clients have been invoiced. Fees relating to course delivery are recognised in the
year in which courses commence.
59
70–71
72–74
T he financial report of the National Circus Arts Limited for the year ended 31 December 2012 has been prepared pursuant to section
44 of the Swinburne University of Technology Act 2010, as amended, the Financial Management Act 1994, and the Corporations
Act 2001.
note 2: Significant Accounting Policies
The National Institute of Circus Arts Limited is a company limited by guarantee, incorporated and domiciled in Australia. The
accounting policies have been consistently applied, unless otherwise stated. The following is a summary of the material accounting
policies adopted by the Company in the preparation of the financial report.
(a)Basis of Preparation
This general purpose financial report has been prepared in accordance with Australian Accounting Standards, and Interpretations,
other authoritative pronouncements of the Australian Accounting Standards Board, Swinburne University of Technology Act 2010,
the Financial Management Act 1994, and the Corporations Act 2001.
Historical cost convention
The financial report has been prepared on accrual basis, under the historical cost convention, as modified by the evaluation of
certain classes of property, plant and equipment to fair value.
Critical accounting estimates
The Company has applied the revised AASB 101 Presentation of Financial Statements (2007) from 1 January 2009. The revised
AASB 101 require all income and expenses to be presented in either one statement - the statement of comprehensive income, or
two statements - an income statement and a statement of comprehensive income. The Company has presented all income and
expenses in two statements - an income statement and a statement of comprehensive income.
(c)Cash and Cash Equivalents
Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short - term highly liquid
investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are
subject to an insignificant risk of changes in value, and bank overdrafts. Bank overdrafts are shown within borrowings in current
liabilities on the statement of financial position.
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note 2: Significant Accounting Policies (cont.)
(d)Other Financial Assets
Loans and receivables
Loans and receivables are measured at amortised cost. Loans and receivables are non-derivative financial assets with fixed or
determinable payments that are not quoted in an active market. They arise when the Company provides money, goods or services
directly to a debtor with no intention of selling the receivable. They are included in current assets, except for those with maturities
greater than 12 months after the reporting period, which are classified as non-current assets. Loans and receivables are included
in receivables in the statement of financial position.
Trade receivables are recognised initially at fair value and subsequently measured at amortised cost less provision for doubtful
debts. Trade receivables are due for settlement no more than 30 days following end of month of invoice.
Collectibility of trade receivables is reviewed on an ongoing basis. Debts, which are known to be uncollectible, are written off.
A provision for doubtful receivables is established when there is objective evidence that the entity will not be able to collect all
amounts due according to the original terms of receivables.
(e)Trade and other Payables
These amounts represent liabilities for goods and services provided to the entity prior to the end of the financial year, which are
unpaid. The amounts are unsecured and are usually paid within 30 days following end of month of invoice.
(f) Employee Benefits
(i) Wages and salaries, annual leave, and sick leave
Liabilities for wages and salaries, including non-monetary benefits, annual leave, and accumulating sick leave expected to be
settled within 12 months of the reporting date are recognised as a liability at their nominal values using the remuneration rate
expected to apply at the time of settlement. Liabilities which are not expected to be settled within 12 months are measured at the
present value of the estimated future cash flows to be made by the University in respect of services provided by employees up to
the reporting date. As it is probable that leave entitlements, which are non-vesting, will exceed leave taken, no liability is deemed
to have existed as at 31 December 2012 (2011, nil).
(ii) Long service leave
The liability for long service leave is recognised and is measured as the present value of expected future payments to be made
in respect of services provided by employees up to the reporting date. The Company determines that portion expected to be
paid in the year which is measured at nominal value and the remainder measured at net present value. Consideration is given to
expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are
discounted using market yields at the reporting date on national government bonds with terms to maturity and currency that match,
as closely as possible, the estimated future cash outflows.
(iii) Performance Bonus
A liability for employee benefits in the form of performance bonuses are recognised in employee entitlements when there is
no realistic alternative but to settle the liability and at least one of the following conditions is met: there are formal terms for
determining the amount of the benefit; the amounts to be paid are determined before the time of completion of the financial report;
or past practice gives clear evidence of the amount of the obligation. Liabilities for performance bonuses are expected to be
settled within 12 months and are measured at the amounts expected to be paid when they are settled.
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(iv) Superannuation
The amount charged to the income statement in respect of superannuation represents the contributions made by the entity to the
superannuation plans in respect to the current services of current entity staff. Superannuation contributions are made to the plans
based on the relevant rules of each plan.
(v) Employee benefit oncosts
Employee benefit oncosts, including payroll tax, are recognised and included in employee benefit liabilities and costs when the
employee benefits to which they relate are recognised as liabilities.
(g)Non-Current Physical Assets
National Institute of Circus Arts does not own Land. Buildings improvements are measured at the amounts for which assets could
be exchanged between knowledgeable willing parties in an arm’s length transaction.
The Company has adopted the Valuers approach for the classification of building components which are based on
specifications issued by the Australian Procurement and Construction Council. The Building and building components have
therefore been re-classified under the following categories:
Structure/Shell/Building Fabric: inclusive of substructure, columns, floor, upper floors, staircases, roof, external walls, windows.
Site Engineering Services and central plant: inclusive of roads, footpaths, paved areas, boundary walls, covered ways, fencing,
gates, outbuildings, landscaping improvements, external stormwater drainage, external water supply, external gas, fire protection,
electricity, communications, and special services.
Fit out: inclusive of external doors, internal walls, ceilings, fitments (incl. wall and floor coverings), sanitary fixtures and special
equipment.
Trunk Reticulated Building Systems: inclusive of lifts, escalators, walkways, cranes, hoists etc., centralised energy, and other.
The Company incorporates different depreciation rates, based on estimated useful lives, for items of plant within buildings as
follows:
Buildings42 Years(2011: 42 years)
Site Engineering Services and central plant
42 years
(2011: 42 years)
Fit out17 years(2011: 17 years)
Trunk Reticulated Building Systems
25 years
(2011: 25 years)
Gains and losses on disposals are determined by comparing proceeds with carrying amount. These are included in the income
statement. When revalued assets are sold, it is company policy to transfer the amounts included in the relevant asset revaluation
reserve in respect of those assets to retained earnings.
Leasehold improvements are measured at fair value.
Plant and equipment are measured at fair value.
Depreciation is calculated using the straight line method to allocate the cost or revalued amounts, net of their residual values, over
their estimated useful lives, commencing from the time the asset is held ready for use. The assets’ residual values and useful lives
are reviewed, and adjusted if appropriate, at each balance date.
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(m) Australian Accounting Standards, Amendments and Interpretations issued but not yet effective
Revaluations
The Company revalues its Building improvements every three years, with the last scheduled independent revaluation completed in
December 2012. The fair value of the asset class is reviewed on an annual basis and amended if any material variations exist.
Revaluation increments or decrements arise from differences between an asset’s carrying value or fair value.
The AASB has issued new and amended Accounting Standards and Interpretations that have mandatory application dates for
future reporting periods and which the Company has decided not to early adopt. A discussion of those future requirements and
their impact on the Company is as follows:
Revaluation increments are credited directly to equity in an asset revaluation reserve, except that, to the extent that an increment
reverses a revaluation decrement in respect of that class of asset previously recognised as an expense in determining the net result,
the increment is recognised as revenue in determining the net result.
-AASB 9 Financial Instruments, Recognition and Measurement for reporting periods beginning on 1 January 2013. This standard
simplifies requirements for the classification and measurement of financial assets resulting from phase 1 of the IASB’s project to
replace IAS 39, Financial Instruments, Recognition and Measurement. The detail of impact is still being assessed by the Company.
Revaluation decrements are recognised immediately as expenses in the net result, except that, to the extent that a credit balance
exists in an asset revaluation reserve in respect of the same class of assets, they are debited to the revaluation reserve. Revaluation
increments and revaluation decrements relating to individual assets within each specific class of property, plant and equipment are
offset against one another within that class but are not offset in respect of assets in different classes.
-AASB 1053: Application of Tiers of Australian Accounting Standards and AASB 2010–2: Amendments to Australian Accounting
Standards arising from Reduced Disclosure Requirements [AASB 1, 2, 3, 5, 7, 8, 101, 102, 107, 108, 110, 111, 112, 116,
117, 119, 121, 123, 124, 127, 128, 131, 133, 134, 136, 137, 138, 140, 141, 1050 & 1052 and Interpretations 2,
4, 5, 15, 17, 127, 129 & 1052] and AASB 2011–6 Amendments to Australian Accounting Standards – Extending Relief from
Consolidation, the Equity Method and Proportionate Consolidation – Reduced Disclosure Requirements [AASB 127, AASB 128 &
AASB 131] (applicable for annual reporting periods commencing on or after 1 July 2013).
This standard establishes a differential financial reporting framework consisting of two tiers of reporting requirements for preparing
general purpose financial statements. There is currently no decision that reduced reporting requirements will be implemented by
the Company.
(h) Acquisition of Assets
The purchase method of accounting is used to account for all acquisitions of assets (including business combinations) regardless
of whether equity instruments or other assets are acquired. Cost is measured as the fair value of the assets given, shares issued, or
liabilities incurred or assumed at the date of exchange plus costs directly attributable to the acquisition.
(i) Impairment of Assets
All assets are assessed annually for indicators of impairment. If there is an indication of impairment, the asset concerned is tested
as to whether its carrying value exceeds its recoverable amount. Where an asset’s carrying amount exceeds its recoverable
amount, the difference is written-off as an expense in the income statement except to the extent that the write-down can be debited
to an asset revaluation reserve amount applicable to that class of asset.
(j) Income Tax
The National Institute of Circus Arts Ltd is exempt from income tax pursuant to section 23(e) of the Income Tax Assessment Act
1936, as amended.
(k) Web Site Costs
Costs in relation to web sites controlled by the Company are charged as expenses in the year in which they are incurred unless
they relate to the acquisition of an asset, in which case they are capitalised and amortised over the period of expected benefits.
Generally, costs in relation to feasibility studies during the planning phase of a web site, and ongoing costs of maintenance during
the operating phase are considered to be expenses. Costs incurred in building or enhancing a web site, to the extent that they
represent probable future economic benefits controlled by the entity that can be reliably measured, are capitalised as an asset and
amortised over the period of the expected benefits which vary from three to five years.
(l) Rounding of Amounts
The Company is of a kind referred to in Class Order 98/0100, issued by the Australian Securities and Investments Commission,
relating to the “rounding off” of amounts in the financial report. Amounts in the financial report have been rounded in accordance
with that Class Order to the nearest dollar.
-AASB 2009 -11 Amendments to Australian Accounting Standards arising from AASB 9 (AASB 1,3,4,5,7,101,102,108,112,
118,120,121,127,128,131,132, 136,139,1023 and 1038 and interpretations 10 and 12) applicable for reporting periods
beginning on 1 January 2013. This standard gives effect to consequential changes arising from the issuance of AASB 9.
The detail of impact is still being assessed by the Company.
-AASB 2010 -2 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements (RDR) for reporting
periods beginning on 1 July 2013.
These amendments introduce reduced disclosure requirements for application by certain types of entities and do not affect financial
measurement or recognition and are not expected to have any impact on the financial result or financial position of the Company.
-AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010) (AASB 1,3,4,5,7,101,
102,108,112,118,120,121,127,128,131,132,136,137,139,1023 and 1038 and interpretations 2,5,10,12,19 and 127)
applicable for reporting period beginning from 1 January 2013.
This standard relates to the introduction of AASB 9 Financial Instruments. The detail of impact is still being assessed by the Company.
-AASB 2011-2 Amendments to Australian Accounting Standards arising from the Trans Tasman Convergence Project - Reduced
Disclosure Requirements (RDR) for reporting periods beginning on 1 January 2013 affecting standards AASB 101 and AASB
1054. The objective of the amendment is to include some additional disclosure from the Trans Tasman Convergence Project and to
reduce disclosure requirements for entities preparing general purpose financial statements under Australian Accounting Standards Reduced Disclosure Requirements (RDR). There is currently no decision that reduced reporting requirements will be implemented by
the Company.
- AASB 2011-3 Amendments to Australian Accounting Standards - Orderly adoption of changes to the ABS GFS Manual and
Related Amendments affecting AASB 1049 for reporing periods beginning on 1 July 2012.
This amends AASB 1049 to clarify the definition of the ABS GFS Manual and to facilitate the adoption of changes to the ABS
GFS Manual and related disclosures. This amendment provides clarification to users on the version of the GFS Manual to be used
and what to disclose if the latest GFS Manual is not used. This amendment will have no impact on performance measurement.
- AASB 2011-4 Amendments to Australian Accounting Standards to Remove Individual Key Management Personnel Disclosure
Requirements [AASB 124] for reporting periods beginning on 1 July 2013. This Standard amends AASB 124 Related Party
Disclosures by removing the disclosure requirements in AASB 124 in relation to individual key management personnel (KMP).
No significant impact is expected from these consequential amendments on entity reporting.
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note 3: Financial Risk Management Objectives and Policies
- AASB 2011-8 Amendments to Australian Accounting Standards arising from AASB 13 [AASB 1, 2, 3, 4, 5, 7, 9, 200911,2010-7, 101, 102, 108, 110, 116, 117, 118, 119, 120, 121, 128, 131, 132, 133, 134, 136, 138, 139, 140,
141, 1004,1023 and 1038 and Interpretations 2, 4, 12, 13, 14, 17, 19, 131 and 132]. This amending Standard makes
consequential changes to a range of Standards and Interpretations arising from the issuance of AASB 13. In particular, this
Standard replaces the existing definition and guidance of fair value measurements in other Australian Accounting Standards and
Interpretations. Applicable for annual reporting periods beginning on 1 January 2013. Disclosures for fair value measurements using
unobservable inputs is potentially onerous, and may increase disclosures for assets measured using depreciated replacement cost.
T he Company’s activities are exposed to the following risks which are managed by the central treasury section within the Corporate
Finance department of Swinburne University of Technology.
- AASB 2011-9 Amendments to Australian Accounting Standards – Presentation of Items of Other Comprehensive Income [AASB 1,
5, 7, 101, 112, 120, 121, 132, 133, 134, 1039 and 1049]. The main change resulting from this Standard is a requirement
for entities to group items presented in other comprehensive income on the basis of whether they are potentially reclassifiable to
profit or loss in a subsequent period (reclassification adjustments).Applicable for annual reporting periods beginning on 1 July
2012. This amending Standard may change the current presentation of ‘Other economic flows – other movements in equity’ to
groupings on the basis of whether the components are potentially reclassifiable to profit or loss in subsequent periods. No other
significant impact is expected.
- AASB 2011-10 Amendments to Australian Accounting Standards arising from AASB 119 (September 2011) [AASB 1, AASB 8,
AASB 101, AASB 124, AASB 134, AASB 1049 and AASB 2011-8 and Interpretation 14]. This Standard makes consequential
changes to a range of other Australian Accounting Standards and Interpretation arising from the issuance of AASB 119 Employee
Benefits. Applicable for annual reporting periods beginning on 1 January 2013. No significant impact is expected from these
consequential amendments.
- AASB 2012-2 Amendments to Australian Accounting Standards – Disclosures – Offsetting Financial Assets and Financial Liabilities
[AASB 7 and AASB 132]. This Standard amends the required disclosures in AASB 7 to include information that will enable users
of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on the entity’s financial position.
Applicable for annual reporting periods beginning on 1 January 2013. No significant impact is expected from these amendments.
(a) Market Risk.
(i) Interest rate risk
The Company’s exposure to market risk for changes in interest rates relates primarily to short to medium term investments.
(b) Credit Risk
The Company does not have any material or significant credit risk exposure to any group of receivables.
(c)Liquidity Risk
The Company’s objective is to maintain a level of liquidity in relation to the funding of its operations.
Recognised financial instruments
Note
Accounting policies
5
Cash at bank is carried at the principal
amount. Interest received on any bank
balance is recognised as income when the
bank account is credited. Interest receivable
at balance date is accounted for by crediting
revenue and debiting Accrued Income in the
statement of financial position.
Interest is paid monthly, at the
prevailing bank rate, based on
the average credit balance in the
bank account.
Debtors are carried at the nominal amounts
due less any provision for doubtful debts and
impairment. A doubtful debts provision is
made for any amounts which are considered
unlikely to be collectable, or are impaired.
Credit is allowed for a 30 day
term.
Payables are recognised for future amounts
to be paid in respect of goods and services
received, whether or not billed to the
Company.
Settlement of payables is normally
effected 30 days after the end of
the month the debt is incurred.
Financial Assets
Cash Assets
Receivables – debtors
- AASB 2012-3 Amendments to Australian Accounting Standards – Offsetting Financial Assets and Financial Liabilities [AASB
132]. This Standard adds application guidance to AASB 132 to address inconsistencies identified in applying some of the
offsetting criteria of AASB 132. Applicable for annual reporting periods beginning on 1 January 2014. No significant impact is
expected from these amendments.
- AASB 2012-5 Amendments to Australian Accounting Standards arising from Annual Improvements 2009–2011 Cycle [AASB 1,
AASB 101, AASB 116, AASB 132 and AASB 134 and Interpretation 2]. This Standard makes amendments to various standards
as a consequence of the issuance of International Financial Reporting Standard Annual Improvements to IFRSs 2009–2011 Cycle
by the International Accounting Standards Board in May 2012. Applicable to annual reporting periods beginning on 1 January
2013. No significant impact is expected from these amendments.
Terms and conditions
Payables
10
The company does not anticipate early adoption of any of the above Australian Accounting Standards or Interpretations.
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note 3: Financial Risk Management Objectives and Policies (cont.)
Note 4: Income and expenditure from continuing operations
2012
$
2011
$
1,154,503
1,053,181
Donations, scholarships, and sponsorships
107,431
274,206
Other operating receipts
471,044
605,069
2,235,103
2,022,000
610,168
676,196
(d) Summarised sensitivity analysis
2012 Analysis
4.1 Revenue from operating activities
The following table summarises the sensitivity of the Company’s financial assets and financial liabilities to interest rate risk.
Fees and charges
Interest rate risk
‑2%
Carrying amount
$’000
Result
$’000
2%
Equity
$’000
Result
$’000
Equity
$’000
Financial Assets
Cash and
Cash Equivalents
Total Increase/Decrease
Commonwealth Government grants
Victorian Government grants
Swinburne University of Technology Grant
735,362
736,000
5,313,611
5,366,652
Revenue from non-operating activities
70
70
(1)
(1)
(1)
1
(1)
1
1
Interest
1
Total revenue from continuing operations
23,287
33,436
5,336,898
5,400,088
4.2 Expenses from continuing operations
2011 Analysis
Employee benefits
The following table summarises the sensitivity of the Company’s financial assets and financial liabilities to interest rate risk.
Salaries
Interest rate risk
‑2%
Carrying amount
$’000
Result
$’000
2%
Equity
$’000
Result
$’000
Equity
$’000
2,790,252
2,795,892
Superannuation
270,574
255,529
Payroll Tax
173,383
157,936
Annual leave
180,648
131,974
3,414,857
3,341,331
Total employee benefits
Other employee related costs
Financial Assets
Work cover
Cash and
Total employee expenses
Cash Equivalents
146
(3)
(3)
3
3
Total Increase/Decrease
146
(3)
(3)
3
3
36,811
32,243
3,451,668
3,373,574
68,974
68,582
621
621
Depreciation of non-current assets
Building improvements
Leasehold improvements
Office furniture and equipment
25,565
88,792
Total depreciation expense
95,160
157,995
131,971
127,358
of Technology in supporting the entity
735,362
736,000
Staff Development
167,258
148,773
Other expenses
Rental expense on operating leases
Overhead cost incurred by Swinburne University
Other expenses
Total other expenditure
51,866
107,377
1,086,457
1,119,508
12,439
12,100
-
-
12,439
12,100
Audit fee
Auditor-General of Victoria
Other fee
Total audit fee
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Note 5: Cash and cash equivalents
Note 7: Property Plant and Equipment (cont)
2012
$
2011
$
Cash at bank and in hand
69,905
146,215
Total cash and cash equivalents
69,905
146,215
a) Reconciliation to cash at the end of the year
Balances as per cash flow statement
69,905
69,905
2012
Additions
Leasehold
Improvements
$
Office Furniture
& Equipment
$
Total
1,104,144
21,128
52,269
1,177,541
7,600
-
-
7,600
$
Disposals
-
-
-
-
146,215
Impairment of Assets
-
-
-
-
Revaluation Increments/ (Decrements)
Bank accounts consist of an operating account and Public Fund accounts all of which generate interest. Interest on average credit
balance in the bank is calculated at the prevailing bank rate at 4.70% (2011: 4.40%).
Note 6: Other Current Assets
Depreciation Expense
Carrying amount at 31 December 2012
23,268
Accrued Income
415,000
404,400
Total Other Current Assets
469,520
427,668
Accumulated depreciation and impairment
Net carrying amount
-
-
17,374
(621)
(25,565)
(95,160)
1,060,144
20,507
26,704
1,107,355
1,282,540
25,455
758,882
2,066,877
(178,396)
(4,327)
(706,613)
(889,336)
1,104,144
21,128
52,269
1,177,541
1,255,458
25,455
751,120
2,032,033
At 31 December 2012
Fair value
Net carrying amount
Note 7: Property Plant and Equipment
17,374
(68,974)
At 1 January 2012
Fair value
54,520
Building improvements
Building
Improvements
$
146,215
b) Cash at bank and on hand
Prepayments
Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current
financial year:
Carrying amount at 1 January 2012
The above figures are reconciled to cash at the end of the financial year as shown in the cash flow statement as follows:
Balances as above
(a) Movements in carrying amounts
(195,314)
(4,948)
(724,416)
(924,678)
1,060,144
20,507
26,704
1,107,355
Building
Improvements
$
Leasehold
Improvements
$
Office Furniture
& Equipment
$
Total
1,172,726
21,749
127,394
1,321,869
-
-
19,516
19,516
1,255,458
1,282,540
(195,314)
(178,396)
1,060,144
1,104,144
Leasehold Improvements
25,455
25,455
less accumulated depreciation
(4,948)
(4,327)
Disposals
-
-
(5,849)
(5,849)
21,128
Impairment of Assets
-
-
-
-
2011
Carrying amount at 1 January 2011
20,507
Office furniture and equipment
751,120
758,882
(724,416)
(706,613)
26,704
52,269
1,107,355
1,177,541
Total Property Plant and Equipment
Additions
Revaluation Increments/(Decrements)
Depreciation Expense
Carrying amount at 31 December 2011
$
-
-
-
-
(68,582)
(621)
(88,792)
(157,995)
1,104,144
21,128
52,269
1,177,541
1,282,540
25,455
745,215
2,053,210
(109,814)
(3,706)
(617,821)
(731,341)
1,172,726
21,749
127,394
1,321,869
1,282,540
25,455
758,882
2,066,877
(178,396)
(4,327)
(706,613)
(889,336)
1,104,144
21,128
52,269
1,177,541
At 1 January 2011
Fair value
Net carrying amount
At 31 December 2011
Fair value
Net carrying amount
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Note 8: Non-interest bearing liabilities
Note 9: Employee Benefits (cont.)
2012
$
2011
$
The liability for Annual Leave is calculated at the nominal value of expected payments to be made in respect of services provided by
employees up to the reporting date. Where employees have significant annual leave balances, an estimate is made of the probability
of leave to be taken within 12 months and beyond 12 months.
Amounts payable to parent entity
-
-
Total Non-current Payables
-
-
The liability for Long Service Leave is calculated as the present value of expected future payments to be made in respect of services
provided by employees up to the reporting date. Long Service Leave is available to be taken after 10 years of service but is
historically taken much later. However, the Company allows for long service leave to be taken on a pro-rata basis on termination after
7 year of service.
Non-current payables
Note 9: Employee Benefits
Accrued salaries is the proportion of unpaid salaries due to employees as at the end of the reporting year due to fortnightly pay
periods extending beyond the reporting date. This figure is re-assessed on an annual basis and brought to account accordingly at
year end.
Current
Annual Leave
131,930
150,831
27,049
37,328
Long service leave
143,965
122,703
Total Current
302,944
310,862
Long service leave
59,119
36,699
Total Non-Current
59,119
36,699
302,944
310,862
59,119
36,699
362,063
347,561
Performance Pays
Non-Current
Aggregate carrying amount
Current
Non-Current
Total Employee Benefits
Long service leave
102,905
131,933
31,672
26,995
134,578
158,928
Long service leave
Employee numbers during the reporting year
29,025
18,898
112,293
95,708
141,317
114,606
268
203
The following assumptions were adopted in measuring the present value
of long service leave entitlements:
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Accrued expenses
12,200
26,188
Total Other Current Liabilities
12,200
26,188
114,735
97,361
114,735
97,361
Balance at 1 January
97,361
97,361
Movements in the year
17,374
-
114,735
97,361
1,400,534
1,526,673
(86,227)
(126,139)
1,314,307
1,400,534
Note 11: Reserves
Asset revaluation reserve
Building Improvements
Asset revaluation reserve - Buildings Improvements
The asset revaluation reserve is used to record asset revaluation increments
and decrements in the value of non-current physical assets.
Note 12: Retained Earnings / (Accumulated Losses)
Retained earnings at 1 January
Net operating result attributable to members
Weighted average increase in employee costs
4.00%
4.00%
Weighted average discount rates
3.49%
3.49%
2011
$
Balance at 31 December
Current Provisions expected to be settled after more than 12 months
Annual Leave
2012
$
Movements in Reserves
Current Provisions expected to be settled within 12 months
Annual Leave
Note 10: Other Current Liabilities
Retained earnings at 31 December
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Note 13: Segment Information
Note 15: Related Party Disclosure (cont.)
The Company operates in the educational sector in the state of Victoria.
Note 14: Company Structure
The Company’s ultimate parent entity is Swinburne University of Technology.
Income received or due and receivable by the directors of the
Company, including amounts received, or due and receivable
from related corporations.
2012
$
2011
$
788,554
1,268,616
Note 15: Related Party Disclosures
Included in the number of directors whose remuneration bands disclosed below are three directors who are employees of Swinburne
University of Technology and thus their salary is paid by the University.
(a) Directors
Number of directors whose remuneration was within the following bands:
The names of the persons who were directors of National Institute of Circus Arts Ltd during the financial year were:
Nil - $9,999
7
7
Ms Mary Stuart
Mr Andrew Guild
Mr Ross Mollison
Ms Kate Shelmerdine
Mr Bryan Rossi
Mr Rod Kemp
$350,000 - $359,999
-
1
$360,000 - $369,999
1
-
$410,000 - $419,999
-
1
$420,000 - $429,999
1
-
$500,000 - $509,999
-
1
9
10
691,655
938,865
96,899
111,111
Termination benefits
-
218,640
Total Remuneration
788,554
1,268,616
Short-term employee benefits
Post-employment benefits
There were no other transactions with directors, or other related parties of a director during the year (2011, nil).
(b) Minister
The name of the person who was the Responsible Person during the financial year was:
- Hon. Peter Hall MLC, Minister for Higher Education and Skills.
Remuneration of the Minister is disclosed in the financial report of the Department of Premier and Cabinet. Other relevant interests are
declared in the Register of Member’s Interests which each member of the Parliament completes.
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Note 15: Related Party Disclosure (cont.)
Note 16: Reconciliation of Cash
(c) Executive officers’ remuneration
(a) Reconciliation of cash
The number of executive officers, other than responsible persons, whose total remuneration falls within the specified bands above
$100,000 are as follows:
Cash at the end of the financial year, as shown in the cash flows statement, is reconciled to the related items in the balance sheet as
follows:
Total Renumeration
$
2012
$
2011
$
2012
2011
220,000 - 229,999
1
1
Cash at bank
69,905
146,215
Total numbers
1
1
Cash at the end of the financial year
69,905
146,215
The Company has no credit stand-by arrangements or loan facilities at 31 December 2012 (2011,nil).
Short-term employee benefits
Post-employment benefits
Total Remuneration
2012
$
2011
$
198,403
195,310
31,002
27,665
229,405
222,975
(d) Related party transactions
Other transactions and loans have been considered in terms of the disclosure requirements specified under the Directions of the
Minister for Finance these are as follows:
Note 17: Reconciliation of net operating result for the year
to net cash flows from operating activities
(86,227)
(126,139)
Depreciation
95,160
157,995
Loss of Asset
-
5,849
Decrease/(increase) current assets
(41,852)
(8,494)
Decrease/(increase) in Intercompany receivables
(36,307)
(11,739)
14,503
24,672
Add/( less ) Non-Cash Flows in Net Operating result
Changes in Assets and Liabilities
2012
$
2011
$
Income received from Swinburne University of Technology
735,362
736,000
(Decrease)/increase in employee benefits
Expenditure paid to Swinburne University of Technology
735,362
736,000
(Decrease)/increase in other current liabilities
(13,987)
(11,164)
Amount receivable from Swinburne University of Technology
156,527
120,220
Net Cash flows from Operating Activities
(68,710)
30,980
Note 18: Contingent Liabilities and Contingent Assets
Quantifiable contingent liabilities
There were no quantifiable contingent liabilities as at 31 December 2012 (2011, nil).
Unquantifiable contingent liabilities
There were no unquanitifiable contingent liabilities as at 31 December 2012 (2011, nil).
Unquantifiable contingent assets
The Company had no unquantifiable contingent assets as at 31 December 2012 (2011, nil).
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Note 19: Operating Lease Commitments
Non-cancellable operating leases contracted for but not capitalised in the financial statements:
2012
$
Payable: no later than 1 year
later than 1 year but not later than 5 years
later than 5 years
2011
$
149,849
53,236
478,579
112,946
-
-
572,624
166,182
Note 20: Capital Commitments
There are no capital commitments as at 31 December 2012 (2011, nil).
Note 21: Superannuation Funds
The National Institute of Circus Arts employees are member of various superannuation funds. Employer contribution rate is
9% (2011, 9%). In 2012 contributions made were $270,574 (2011: $255,529). There were no outstanding contributions
at year-end and no loans to the entity from the schemes.
Note 22: Company Details
The registered office of the National Institute of Circus Arts Ltd is:
144 High Street
Prahran VIC 3181
Note 23: Events Occurring after Balance Date
No other matters or circumstances have arisen since the end of the reporting year which significantly affect or may significantly affect
the operations of the entity, the results of those operations, or the state of affairs of the Company in future financial years.
Note 24: Subsequent Events
There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction, or event of
a material and unusual nature likely, in the opinion of the Directors, to affect substantially the operations of the Company, the result of
those operations, or the state of affairs of the Company in subsequent financial years.
Note 25: Economic Dependency
The Company’s principle source of funding is grant revenue from the Federal Government Arts Portfolio. The Company also receives
financial support from the parent entity, Swinburne University of Technology. This support will cease from 1 July 2013.
Swinburne has provided a Letter of Comfort whereby in the event a decision is taken to wind up the Company, Swinburne will ensure
that NICA’s debts will be paid as and when they fall due, and provide support through the winding up process.
Design Studio
PixelAd
Photographers
David Wyatt, Aaron Walker
Peter Hyatt (Page 1)
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ABN 80 084 913 235
144 High Street Prahran
Victoria 3181 Australia
Telephone +61 3 9214 6975
Fax +61 3 9214 6574
[email protected]
www.nica.com.au

annualreport 2 0 1 2

Transcription

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