2010 Annual Report
Transcription
2010 Annual Report
R e p o rt 2 0 1 0 A n n ua l 2 0 1 0 E&E F&B S&R Headlines of 2010 Section Section D D2 D8 Classifieds Weather B B2 B2 B7 SAG Awards Business News Contact Sandra Bullock Bruce Johnstone Minus 20 Telephone 781-5304 Fax 565-2588 [email protected] Leader-Post / leaderpost.com � Monday, November 22, 2010 � Page D1 EVRAZ PLACE President’s message Arts & Life Contacts Arts: Jeff DeDekker 781-5321 [email protected] Life: Irene Seiberling 781-5238 [email protected] Leader-Post / leaderpost.com � Monday, January 25, 2010 � Page B1 Section B B2 B3 B4 Theatre Listings Dinner for Schmucks Black Eyed Peas Leader-Post / leaderpost.com � Friday, July 30, 2010 � Page B1 SUMMER CAMP REVIEW Battling backwood blues OPINION Bond boom to continue By LISA KADANE Canwest News Service W By JEFFREY HODGSON Reuters T ORONTO — A post-crisis boom in sales of Canadian corporate bonds looks set to extend into 2011, delighting fee-hungry bankers and companies looking to lock in borrowing costs near historic lows. Debt-market watchers say high demand from income-seeking investors is behind the surge, as are interest and inflation rates that are expected to stay low for a long time. “The growth will continue certainly. There’s two sides to the equation, the investors and the issuers, and I think that investors have shown no sign of slowing down. Their appetite for new issue continues to be very strong,” said John Tkach, head of Canadian debt capital markets at Scotia Capital. Country musician Alan Jackson brought his Good Times tour to Regina on Saturday. Companies have raised $67.2 TROY FLEECE/Leader-Post All eyes will be on Evraz Place today as the Canadian Western Agribition opens its 40th show. Mission Enriching the quality of life for people in the community through the hosting and delivery of local, regional, national and international events. billion in the corporate debt market this year, topping the fullyear totals for 2008 and 2009, according to Thomson Reuters data. Even if companies sold no more debt, 2010 would be the second-best year on record, after 2007’s $74.1 billion. By TIM SWITZER Parkvista Hereford Farm near Park- stay relevant.” for much the past decade with their Alan Jackson Brandt Centre The reasons are plentiful. Leader-Post side, said Sunday. “You keep coming In keeping with the desire to stay sons, Nickolas and Alexander, in Bond yields have dropped back and meeting new people and on the cutting edge, there will be a tow. By JEFF DeDEKKER sharply since the start of the year There probably aren’t too many making contacts. few new looks to this year’s show to It was at Agribition that Nickolas Leader-Post as the Canadian and U.S. people who have seen more of the “It’s a way to get your cattle known mark the 40th anniversary, said Agri- made his first calf sale in 2001 when recoveries faltered. Canada’s 10- reason why country Canadian Western Agribition than worldwide, really. There’s lots of bition president Marilyn Charlton. he was only five years old. here’s a very simple Alanhit Jackson year governmentsuperstar bond yield a doesn’t have a Kelly Feige. international guys, so we can sell The running of the bison will kick “Compared to other shows, it’s a state-of-the-art stage show for his 2010 low below 2.7 per cent last “I think I’ve only missed about semen to other countries and that. off the show at noon today in the larger show, it’s a prestigious show concerts: He just doesn’t need all the bells month. four in the last 40 years,” the Prince There’s the potential to make a lot of Stockman’s Arena, followed by a and it’s more of a cattle market comand whistles. The Federal Reserve’s Albert-area farmer said with a money.” 40th-anniversary celebration at 1 pared, to say, the Royal (Agricultural Jackson’s Good Times tour wheeled into decision to Regina effectively print night and the sold-out laugh. While beef livestock remains the p.m. and the traditional burning of Winter Fair) in Toronto,” said Birgit. on Saturday crowd at the Brandt Centre got a firsthand money to buy more bonds has Agribition is to kick of its 40th key component, the show also needs the brand at 2:30 p.m. in the Canada “That would be much closer for look atbond how the 51-year-old has managed to helped Canada’s market, annual show today at Evraz Place. to adapt to changing times, noted Centre. us, but (this) is a larger showcase and 50 million albums amid broadsell expectations the worldwide over the Running until Saturday, the show Agribition general manager Jason Throughout the week, the trade farm- and cattle-producer oriented.” past 20 years. Bank of Canada ratetoincreases will encompass over one million Pollock. show has been expanded into the That is exactly what has helped Taking the stage in ripped jeans, a black are over fordress now.shirt and his trademark white cowboy square feet of space, use 450 volun“This show changes every year,” new Co-operators Centre and the keep Agribition relevant to the Investors,hat, fearful of wasted the gutteers and 400 staff members, and fea- said Pollock. “The core is the beef Canadian Cowboys Association industry over four decades, Pollock Jackson little time digging into his impressive discography wrenching stock market falls and playing hit after ture over 1,000 trade-show exhibits livestock … and that was the dream Finals Rodeo will be held Wednes- said. after hit. Although seen duringhit the worst of the he is a man of few and more than 3,000 head of live- 40 years ago, but we have added dif- day to Saturday (beginning at 7 p.m.) “It’s really a testament to the paswords, he did take a couple of opportunities to financial crisis 2008, and have stock. ferent elements around that. at the Brandt Centre. sion that people have poured into speakintolate the crowd share a few of this clung to thethoughts. relative safety of As far as Feige is concerned, the “We’re always looking to see But, no matter what changes from this show,” he said. “In my short time bonds. secret to Agribition’s longevity and what’s on the leading edge in terms year to year at the show, the beef here, I have seen people go above After opening with “Gone Country” and “I Don’t Even Your Name,” Jackson took a “We’re seeing a lotKnow of inflows ever-expanding scale isn’t all that of shows and sales and livestock. For livestock aspect will always be its and beyond in every area they conbrief moment to describe his plan for the into fixed-income products, complicated. a while we were into specialty live- core. tribute to Agribition. evening. yield-oriented products, and “It’s the quality of cattle — and stock like llama and alpacas and elk. Jim and Birgit Martin have been “Those people make this show “Tonight we’ll have some fun songs, some we’re not seeing those inflows once it gets in your blood, it’s in your Now we’re seeing a resurgence in coming from their farm in Gore Bay, work, and that’s really what it’s all love songs, some hurtin’ songs,” he explained. into equity products,” blood to stay,” Feige, who operates the sheep and goat industry. We try to Ont., (located on Manitoulin Island) about.” “We’re going said to try Terry and have a good time. Let’s warm it up here tonight.” Carr, head of Canadian fixed WithGlobal the exception of “The Blues Man” and income for MFC Red On A Rose,” Investment “Like Management, a unitJackson’s set list was full of instantly recognizable songs. As he of Manulifepromised, Financial Corp..covered the entire GREEN FUEL Jackson “Those flows generally, emotional gamut. when “Chattahoochee,” “Summer going into products, are Time Blues” and “It’s Five O’Clock Portable Portable they’re Somewhere” represented not targeting government debt. the fun songs, while Storage Units “Livin’ On Love,” “Adebt, Woman’s Love” and They’re targeting corporate “Remember When” helped fill the corporate bonds. They’re requirement of love songs. targeting yield products likehas 25 No. 1 hits to his But Jackson, who high-yield bonds.” credit, is perhaps best known for his hurtin’ grasp of the emotional Carr, whosongs. helpsJackson’s manage about cdnpups.com complexities of life is evident in traditional $16 billion in fixed-income By DAVE COOPER tunes like “Who’s Cheatin’ Who” and “Don’t assets, said Rock investors are hungry Postmedia News The Jukebox” as well as the for securities that can provide EDMONTON — Northern Alberta is likely to For renovations, reasonable income in a lowinterest rate environment. be the site of an innovative plant which will turn staging, Debate surrounds publicly funded Celebrating the YWCA’s 100th Roughriders prepare to open de-cluttering “Everyone, when we’re non-food-grade canola, and an easy-to-grow plant tests atinto private clinics.biodiesel. // A3 anniversary in Regina. // B1 training camp. // C1 & moving looking at the inquiries we get on called pennycress, high quality products, is (asking) ‘What can Alberta’s new standards for green fuel call for you do to enhance our yield and all diesel sold in the province to contain two per provide better total returns, cent biodiesel by next year. But Alberta, which while broadly speaking, being in doesn’t produce any that is suitable for cold the fixed-income space.’ ” weather, will have to import the product. Regina Symphony Orchestra The demand has notConexus been lost Across the country, only 10 per cent of the Arts Centre on companies looking to borrow. demand will be filled by current Canadian Spreads, the yield difference plants. By JOE to COUTURE Leader-Post government bonds, are higher The modular biodiesel plant destined for than before the crisis. But they Alberta is currently sitting in Michigan. It was he Regina Symphony Orchestra shared are near long-term averages, so designed by TPA, a firm headed by the former some musical heat with its audience on many see issuing new bonds as chief executive of Ford Motor Co., James Padilla. A DIVISION OF CANWEST PUBLISHING INC. Saturday evening with the Mosaic inexpensiveMasterworks long-term concert financing. The plant, which can be moved in a matter of Spanish Flair. AT LEADERPOST.COM REGINA, SASKATCHEWAN SATURDAY, Many JUNE 5, 2010 First, the South Saskatchewan Youth companies also have months, hasBREAKING convertedNEWS a wide variety of materiOrchestra joined of the RSO for Carmen Suite painfully fresh memories als, from animal fats to soybean, corn and canola, No.to 1. borrow The stageat atall the Conexus Arts Centre being unable into bio-diesel. looked very full with the extra musicians. EMPLOYMENT NUMBERS when creditRSO markets froze. But with commodity prices soaring, what it conductor Victor Sawa noted though “No one ever wants tothe getextra intomusicians, the lacks is an inexpensive feedstock — something SHAUGHN BUTTS/Postmedia News that, even with that situation again is where you smaller orchestra High Prairie, Alta., farmer Stan Peacock has James Padilla is head of the Chicago firm that designed the modular biodiesel plant for orchestra like Boston’s group. need funding and it simply isn’t offered through his firm All Peace Industries. Alberta. Bizet’s Carmen is one of the most available. So As even if you don’t “This plant in Alberta will be a complete popular operas in the world, many musicians have an urgency for funding in demonstration of the whole value stream (from immense amount of off-grade canola that goes to tion areas — such as Detroit, which is testing how have attempted to extract movements to form 2011 … whyan not partially fund harvesting to crushing to refining). We have got to animal feed, and convinces many to start growing well it detoxifies old industrial sites — and clay independent set of or instrumental pieces, at least get that started?” said show this to the world,” Padilla said in an inter- pennycress. soil areas of Alberta, where aluminum causes Michael Ho, senior viceview before a meeting with a group which includA key advantage of pennycress is the quality of acid soil conditions that can substantially reduce president, business development ed investors, government officials, grain handling its biodiesel, which performs to -28 C. Canola typ- crop yields. at rating agency DBRS. firms and several county reeves who would love ically performs to -7 C, although the TPA plant “I have seen increased production year over The boom has boosted fees for to see the plant moved to their jurisdictions. can improve that rating to -18 C. Petroleum addi- year from my pennycress,” said Peacock. top underwriters like RBC The whole project would be worth more than tives are added to improve the performance of Shane Pospisil, a principal with Nichols Capital Markets, a unit of Royal $30 million and produce 66 million litres of some biodiesel fuels. Applied Management who works on economic Bank of Canada. Foreign players biodiesel a year. The other big plus for pennycress and off-grade development projects with several towns in in the sector include HSBC Financing has yet to be finalized. canola is simply its small environmental footprint. Alberta, said the impending need for biodiesel Holdings Plc and Bank of Besides High Prairie, the Alberta communities “The energy content for biodiesel is 3.4, which has caught the attention of some firms. America’s Merrill Lynch arm. of Fort Saskatchewan, Smoky Lake and Waskate- means for every unit of energy you put in to cre“They are thinking this is the future, and But many bond market nau are being considered for the plant. ate it, the biodiesel yields 3.4 units of energy — a maybe they should be involved. There is a lot watchers say the corporate debt “We bought the equipment and rejigged it to 340-per-cent advantage, said Padilla more awareness out there now than there was issuance boom is bound to slow work with all these feedstock oils. And we can That rises to 4.5 for canola, and is even higher even a few months ago.” By NEIL SCOTT as the economy picks up, interest reproduce this plant very well and very efficient- for pennycress. Padilla said the pressure to improve fuelLeader-Post econrates rise and bond yields climb. ly,” said Padilla. “But with ethanol, it is 1.1, which is one unit of omy and lower greenhouse gas emissions will Employment was up by 4,000 in existence we’ve “Thejobs charmed Padilla’s was the only firm Peacock could find energy to produce ethanol that yields 1.1 units of only keep increasing. Saskatchewan last month comparedhad withthe Maylast of last little while, it’s not that could handle various grades of canola and energy. In the U.S. this is all about energy inde“So there is pressure of all kinds on automotive year and Regina had the lowest unemployment By IRENE SEIBERLING sustainablerate indefinitely. I think pennycress. The two agreed to co-operate. pendence.” technology. The U.S. wants 80-per-cent cuts in in Canada. Leader-Post have been very wise TPA supplies the technical expertise, becomes Peacock, who has grown pennycress on his petroleum use and greenhouse gas emissions byreleased companies Statistics Canada data Friday also indiat taking of it,” said a partner in the first project and gets Fever to showcase farm for three years, said it is an amazing plant 2050, so in the future you will have lot more bio-unemployment cated thataSaskatchewan’s rateadvantage was 5 Bieber hit Saskatchewan Campbell, executive its system, which it hopesFriday to eventually sellthat that actually pulls contaminants — like lead, zinc, fuels, lightweight vehicles and more downsizing,” per cent, which was the lowest in Colleen Canada and well as news spread CanadiBieber below the 8.1-per-cent national unemployment an pop sensation — and arsenic teenage and aluminum — from the soil and stores he said. managingrate. director, debt capital around the Justin world. My World In Regina, the unemployment rate was onlyat 4.7BMO per Capital Markets. heartthrob — Justin Bieberthem will be markets Peacock North helpsAmerican farmers find a home for the in the plant stem. This is useful in reclamaEdmonton Journal Set list 1. Gone Country 2. I Don’t Even Know Your Name 3. Livin’ On Love 4. Summertime Blues 5. Like Red On A Rose 6. Small Town Southern Man 7. Who’s Cheatin’ Who 8. A Woman’s Love 9. The Blues Man 10. Little Bitty 11. Where Were You (When The World Stopped Turning) 12. Don’t Rock The Jukebox 13. Remember When 14. Drive (For Daddy Gene) 15. Good Time 16, Country Boy 17. It’s Five O’Clock Somewhere 18. Chattahoochee Encore 19. Where I Come From T Innovative plant for Alberta B 10501958 World-class hospitality for trade, agri-business, sporting, entertainment and cultural events that bring innovation, enrichment and prosperity to Saskatchewan. TROY FLEECE/Leader-Post Jackson keeps it simple Agribition celebrates 40th Vision DON HEALY/Leader-Post Cheryl-Lynne Valensky, the artistic assistant for Cirque du Soleil’s Alegria, with the mask of the bird character Gracieuse. 546-5999 Jobs reviews mixed Regina Thursday, Sept. 16, Brandt Centre Saskatoon Friday, Sept. 17, Credit Union Centre Tickets go on sale at 10 a.m. on Friday, June 11 at ticketmaster.ca Prices are $45 to $65, depending on location; limit of four to six tickets per purchaser, depending on location; limited number of presale tickets available to Justin Bieber fan club members. Paperless tickets available for premium seating in both Regina and Saskatoon. cent, which was the lowest among the major cities across Canada. Opinions on the significance of those number varied, with Doug Elliott, the publisher of the Sask Trends Monitor newsletter, giving the May statistics a mixed review. “They’re good but not great,’’ Elliott commented. While employment is still growing in the province, the pace of increase is slowing down, Elliott said. Most of the job increases were in the manufacturing, resources and construction sectors, but things are slowing down in the service and retail sectors, Elliott said. “The (Saskatchewan) economy isn’t firing on all cylinders, that’s for sure,’’ Elliott said. The pace of job increase in the rest of Canada is now faster than in Saskatchewan, Elliott said. playing shows in Regina and Saskatoon in September. “Me and my friends were screaming and jumping up and down,” a clearly excited 13-year-old Karlyn Ursu said Friday morning. Ursu and half a dozen of her friends are hoping to attend the Regina show, which will take place on Sept. 16 at the Brandt Centre. The Saskatoon show is slated for Sept. 17 at Credit Union Centre. Tickets, which will range in price from $45 to $65, are expected to sell out quickly. “Elton John, for both shows, was under 10 minutes. And we anticipate this will be very similar to that,” predicted Neil Donnelly, vice-president of events and entertainment for Evraz Place. Tickets for the Regina and Saskatoon shows go on sale Friday at 10 a.m. Purchases will be limited to four or six tickets, depending on seating location. “Jump on Ticketmaster.ca as quickly as you can,” Donnelly recommends to ticket buyers. “It’s first come, first served.” A small allotment of pre-sale tickets will be available to members of the Justin Bieber fan club. For details, visit www.bieberfever.com. For the first time, paperless tickets will be available in Regina. About 30 per cent of the premium seats will be sold via paperless tickets, Donnelly said. Paperless ticketing will also be offered in Saskatoon. Paperless tickets can only be picked up the night of the show by the person who purchased them, who must present the credit card the tickets were purchased with, Donnelly explained. REGINA Skateboarder fatally injured Justin Bieber will perform two shows in Saskatchewan. the programme’s notes explain. Those pieces include the well-known “Carmen Suite No. 1” and “Carmen Suite No. 2,” both of which are for full orchestras and contain recognizable passages from the opera. The RSO and SSYO combined presented Suite No. 1 beautifully. The sound seemed particularly full due to the many instruments added by the SSYO’s presence on stage. The audience gave a standing ovation for the RSO and the SSYO, which is directed by Alan Denike, who has long been principal bassoon in the RSO and the Regina Symphony Chamber Players. In an evening with guest artists on every work performed, the next on the stage was guest violinist Raymond Ko. Soviet composer Khachaturian’s “Violin Concerto in D minor” premiered in the summer of 1940 and was met with tremendous enthusiasm, winning the Stalin Prize in 1941. The work stresses a driving rhythm, meter changes and singing melodies, all in the tradition of Khachaturian’s native folk music of Armenia, notes in the programme explain. Ko and the RSO gave a dazzling presentation of the work. Born and raised in Saskatoon, Ko began studying violin when he was seven. He has also studied piano extensively. He has amassed many awards for violin and piano performance. He was named one of Canada’s “Top 20 Under 20” in 2007. He has been recognized for his extensive involvement in the community. He also is studying medicine at the University of Toronto. Sawa introduced Ko by noting it’s almost “disgusting” for one person to have so much talent. Ko didn’t disappoint. The audience applauded after the first movement and didn’t stop until Sawa said, “You know, there are two more movements.” The audience gave a standing ovation after all of the three movements were played. some leaking oil Canada’s Laura Newcombe was eliminated from competition on Friday at the Scripps National Spelling bee in Washington. The ongoing effort by BP to capture oil from a ruptured deepwater well in the Gulf of Mexico yielded early results Friday as the company was able to siphon some of the leaking crude into tankers on the water’s surface. $ 10 minutes.” It’s a different world backstage at Alegria. Even more different is the world the cast and crew create on stage with every performance. Tim Smith, the artistic director for the tour, has been with Cirque du Soleil for five months following a 20-year career in New York City on Broadway and in professional theatre. He is charged with maintaining the artistic integrity of the Cirque du Soleil brand on the tour. “It’s exciting,” he said. “When I say that I am the artistic director for Alegria, everyone goes, ‘Oh!’ It’s everyone’s favourite show, so the pressure is on to make sure that it’s just as good as they remember in 1994. So far we’ve been doing a really good job.” FIND MORE ON THIS AT Go online today to leaderpost.com’s video centre to see videos from backstage at Alegria. 12 Co ope a o s Cen e opens P P ay ng Section $1.67 + GST Thursday to Saturday B Publications Mail Agreement No. 40063375 Return undeliverable Canadian addresses to: Leader-Post/Reader Sales & Services Dept. P.O. Box 2020 Regina SK. S4P 3G4 Entertainment Contact Jeff DeDekker Telephone 781-5321 Fax 565-2588 [email protected] Section Bavou Leader-Post / leaderpost.com � Thursday, July 29, 2010 e B2 B2 B2 ‘Jackass 3D’ Military tribute Red celery Leader-Post / leaderpost.com � Monday, October 18, 2010 � Page B1 Arts & Life Contacts Arts: Jeff DeDekker 781-5321 [email protected] Life: Irene Seiberling 781-5238 [email protected] REVIEW KID ROCK REVIEW Hu y n h nw A DIVISION OF POSTMEDIA NETWORK INC. TUESDAY, JULY 27,Remember 2010 REGINA, SASKATCHEWAN to sign your ticket. MILLION WEDNESDAY Ready for Camp? When is your child ready for residence camp? “You would never want to send your child away — for the very first time — to a weeklong summer camp,” says Wendy Froberg, a registered psychologist. Readiness results from a gradual progression in independence, she says, and there isn’t a magic age when you can send your kid away. But, in general, she says your child is ready if he or she: � has handled sleepovers at a friend’s house, or weekend trips to grandma’s, successfully; � is independent in other areas of his life (walks to school by himself, for example); � asks about summer camp and genuinely wants to go; � is good at making friends; � is a good sleeper; and � has experience adjusting to new situations (a new school, new hockey team, etc.). See Skateboarder on Page A2 The massive McDonald’s recall of Shrek glasses for containing cadmium in the painted design is just the beginning of an expected onslaught of problems for some distributors of children’s products, industry insiders say. B8 BON JOVI REVIEW Est. Calgary Herald DON HEALY/Leader-Post Cirque du Soleil performer Uuve Jansson adjusts her costume backstage before the Alegria show. of travelling, but that’s part of what makes the job great. “It’s always travel,” he said, with a laugh. “Meeting new people, seeing new places. It’s always a great experience to go to new cities and give people joy. They enjoy it and they see what the human body can do.” In Tolstov’s hand-balancing act, he displays amazing strength by supporting himself on one hand in ways that don’t seem humanly possible — but he proves they are. His training started many years ago, he said. “Most of the training I’ve done was when I was a kid,” he said. “Now, I’m just doing training that I need for my act on the show. One or two hours of practice, it depends. It’s a lot of physical exercise. Push ups. Staying on my hands for five, So d m gh hom puts spotlight on cadmiumwww.ReginaHomes4you.com B7 BREAKING NEWS AT LEADERPOST.COM After the intermission, the audience was treated to “The Three-Cornered Hat,” from a ballet score by Spanish composer de Falla. The ballet was his most successful score. Picasso designed the costumes and sets for its premiere in London in the early 20th century. Sawa explained the story behind the ballet, which is a series of interactions between a miller and his wife and a local magistrate and his men. Guest artist Sophie Bouffard, a soprano, sang two brief, but beautiful, selections during the performance. Members of the RSO sang as a chorus at one point — Sawa said, with a laugh, that the RSO “flamenco club” was being introduced with those efforts. A third standing ovation capped off the evening. Sawa had advised the audience to imagine warmer Spanish climates, especially with chilly weather in Saskatchewan. The RSO did an excellent job of warming up audience spirits. Riders hoping to McDonald’s capitalize on recall Dominique Dorsey’s skills. // C1 out of competition A10 The Regina Police Service is investigating after a 17-year-old skateboarder was fatally injured on Thursday night. At about 10 p.m., police were alerted that a young male had fallen from a skateboard and was receiving emergency medical treatment by EMS and the Regina Fire Department. Police went to the area of Wadge Street and Wellband Drive in northwest Regina, where the incident had happened between 9:30 and 10 p.m. A vehicle and driver that may have been involved in the incident were still at the scene when police arrived. Reuters REVIEW t takes a lot to make the magic of Cirque du Soleil — and what happens behind the scenes is a wizardry all its own. Backstage — even on Cirque du Soleil’s first day in Regina — things were busy, but remarkably calm, considering 55 artists and 40 technicians and administrative staff had just descended on the Brandt Centre and were settling to stay for performances until Sunday. Taking the classic show Alegria — which helped establish Cirque du Soleil’s reputation when it premiered in 1994 — and its many components on tour to arenas across North America is a big undertaking, explained SherylLynne Valenski, a Toronto product who has been with Cirque du Soleil for five years and is the artistic assistant on Alegria. “The arenas are interesting because they’re all different,” she said. “We’ve been to some huge U.S. cities. We’ve been to some very small Canadian cities. You have to be very adaptable and flexible. One of the things we’re very consistent with is our set out front and our seating. But our backstage can be a real challenge for us.” Sometimes such spaces as a loading dock need to be utilized in order to have the backstage meet the needs of the large tour. Artists need facilities available to work out and stay in shape for the physically demanding production, Valenski noted. While having training areas available is a big consideration, it is only one of the many things that have to be arranged to accommodate the Alegria tour. The group brings its own appliances to keep up with some of the chores. “The amount of laundry is truly phenomenal,” Valenski said, noting there are 400 costume pieces involved in the show. “In fact, we travel with our own washing machines and dryers, because we never know what we’re going to get in some of the arenas.” Zebastian Hunter, a Cirque du Soleil trapeze artist from Australia, said that from a performer’s perspective, the logistical challenges always are overcome by the consistent work of the support staff. “Every week we come in and it’s perfect and exactly the same,” he said. “So we’re really lucky. We have a great team — really professional and fun to work with.” Hunter, who has been a circus performer since childhood, said it had been his dream to work with Cirque du Soleil since he saw Alegria in Australia more than 10 years ago. He has been with Cirque du Soleil for almost a year. “I think that it’s really different than a lot of the other art forms that are out there,” he said. “It incorporates a lot of different things. You have dance, you have theatre, you have the circus and you have the amazing athletics.” He spent five months in Montreal for a “formation period” to learn trapeze and now tours with Alegria. With rare exceptions, the tour moves to a new location every week, he said, noting cast members usually have some time in each location to walk around and check out the city. “Part of the challenge is the routine of it — of going, going, going,” he said. “But a nice thing is that with the arena tours, every 10 weeks we have two weeks off, which means we can go home or wherever we like and have a bit of a break and come back re-energized for the show.” Denys Tolstov, a hand balancer and juggler from Ukraine who has been with Cirque du Soleil for almost nine years, said the life of a performer involves a lot T Leader-Post staff See Bieber on Page A2 and it was finally released as a single, reaching No. 5 on the Billboard charts. “I wrote this song a long time ago and it only recently ended up on the radio,” said Jackson. “It’s a subject that I’m still learning about.” While Jackson’s show didn’t have the bombastic special effects that have become common in the business, it wasn’t totally without some modern technology. Five video screens — three behind the main stage and one to each side — were used heavily Te ng one o sc ence c on s g ea es a es n a who e new way See Jobs on Page A2 A wayward car smashed into a spellerJames Taylor and Carole Canadian BP King’s captures garage on Park Street. // A3 tour was a surprise hit. // B2 unforgettable “Where Were You (When The World Stopped Turning).” Written in response to the 9/11 attacks in 2001, “Where Were You” carries as much impact today as it did when Jackson debuted the song at the 2001 Country Music Association awards show. Jackson even revealed an interesting little tidbit when introducing “A Woman’s Love.” Originally recorded for his 1998 album High Mileage, the song wasn’t released as a single. It was re-recorded in 2006 for Like Red On A Rose RSO’s ‘Spanish Flair’ brings the heat T Tour TROY FLEECE/Leader-Post Alan Jackson performed at the Brandt Centre in Regina on Saturday. throughout the night. Perhaps the biggest special effect of the night came during “The Blues Man” when a soupy fog covered the floor of the main stage. But in the end the lack of pyrotechnics didn’t bother the crowd because Jackson and his band, the Strayhorns, delivered a superb evening of music with 19 songs presented in a tight 78minute set. Jackson’s distinctive voice was in fine form and the Strayhorns — Monty Allen, Scott Coney, Robbie Flint, Danny Groah, Mark McClurg, Bruce Rutherford, Joey Schmidt and Roger Wills — were a notch above magnificent. The most intriguing part of the show was witnessing Jackson connect with fans of all ages. The Brandt Centre was full of teens, young adults, baby boomers and seniors and each and every one of them appeared to share the same connection to Jackson and his music. George Canyon, one of Canada’s top country acts, got the night off to a great start with an impressive eight-song, 30-minute set. Taking to the stage in a Regina Pats jersey, the native of Pictou, N.S., grabbed the crowd’s attention right away with “Drinkin’ Thinkin’,” “Somebody Wrote Love” and “All of Nothing.” Although he got the crowd fired up with a singalong version of the Johnny Cash hit “Ring of Fire,” Canyon was at his best with the ballads “Let It Out” and “I Want You To Live.” I By JOE COUTURE Leader-Post hen Quinn Lazenby was 10 years old, he sent home a tear-streaked letter plotting his escape from Calgary’s YMCA Camp Chief Hector. The creative boy had drawn pictures of himself crying in front of his teepee, sobbing at the swimming pool, and wailing on the rock wall. He’d mapped out the exact time, date and place where his parents would intercept him and spirit him back to Calgary. Quinn was, in a word, homesick. “We did not listen to his plan,” mom Debra Cummings says almost three years after her son’s summer camp experience. “I just figured he was being a bit dramatic. But the letter — oh my God!” She never dreamt that small envelope would contain such suffering. Quinn had attended a sixnight residence camp before, and he’d been keen to attend the twoweek session. Cummings promptly faxed Quinn a note back reinforcing all the positive aspects of camp, commenting on the adventures he was having, and reassuring him he wasn’t missing anything. “By the end, he hadn’t had the best two weeks, but he’d had a lot of fun,” says Cummings, who attended a residence camp in Manitoba every summer as a child. “You do go through these (homesickness) dips, and something can set you off, but you just ride it through,” she says. The benefits of residence camps are many: It teaches kids independence, they learn new skills, make new friends, trust people outside of the family, and become part of a new community with all its rules, customs and routines. “You’re trying to give your child an experience you believe will be good for them,” says Wendy Froberg, a clinical psychologist who works with children and families in Calgary. Still, Doug Saul, who’s spent six seasons as camp director at YMCA Camp Chief Hector, says most kids miss their families at some point. “I think that’s normal, and everyone has that to some degree,” says Saul, who attended overnight camp in Ontario as a kid. “It only becomes a problem if the homesickness is getting in the way of enjoying camp. That is very rare.” During his tenure at Camp Chief Hector, Saul has only witnessed about 10 cases of extreme homesickness requiring the parents to “rescue” the child. The right balance of listening to the camper and then engaging him in a fun activity usually cures the blues, he adds. In fact, all of Camp Chief Hector’s staff undergo a week-long training program that includes teaching them how to handle homesickness. One strategy they don’t use? “The toughen-up approach doesn’t work. It will only make them more homesick,” Saul says. As well, a phone call to Mom and Dad might do more harm than good, as simply hearing a familiar voice can make a child ache for home. Saul says parents are only called for guidance if the camper is despondent and unable to participate in camp activities. Says Froberg: “If they can master it, it’s going to be really good for their development.” sasklotteries.ca m The Leader-Post salutes Boyd Wilson of Rocanville, a loyal subscriber since 2003 w m m D Regina fans loved Jon Bon Jovi. B Walker’s release A tearful shocks family anniversary System ‘a joke,’ brother says By JASON WARICK Saskatchewan News Network SASKATOON — The family of the Yorkton man shot and killed in 2003 by Kim Walker is furious Walker was released earlier this month as he awaits a retrial. Walker “has never shown one lick of sympathy for anyone but himself,” said Dan Hayward, younger brother of victim James Hayward. “There are a number of things he could have done other than unload a goddamn gun in the house. He executed him because he couldn’t control his daughter.” Walker, 53, has never denied fatally shooting James Hayward. Hayward was living with Walker’s daughter, Jadah, at the time of the shooting. During the 2007 murder trial, court heard Jadah, 16 at the time, became addicted to morphine while living with Hayward. After various attempts to call police or have the girl committed to hospital failed, Walker went to Hayward’s Yorkton home and shot him five times. Walker was convicted of second-degree murder, but a success- Kim Walker ful appeal means he will get a new trial, possibly in the fall. Last week, Walker was released from custody. He has been spending time catching up with his family and looking for work in Yorkton. Dan Hayward, 25, said it took four years after the shooting to get Walker convicted. Now that Walker is free, the family is forced to relive the events and emotions they had tried to put behind them. “We have to go through it all over again,” he said. “Now he’s out, and God knows how long it’ll take to get him back behind bars.” Walker was granted a new trial because of evidence showing the lawyers and judge held an inappropriate meeting during the trial without Walker present. Dan Hayward is angry Walker got a new trial based on this “technicality,” even though the jury was unaware of it when it rendered its guilty verdict. “As far as I’m concerned, he doesn’t deserve his freedom. The Canadian legal system is a joke,” he said. James Hayward had a lengthy criminal record involving drug, drunk driving and other convictions. His family acknowledges this, but Dan Hayward notes there were no drugs or money found in the house at the time of the killing. He said Jadah Walker and his brother both needed help with their addictions. He said Walker could have shipped his daughter off to live with relatives, or even fired a warning shot to scare Hayward. Dan Hayward disputes the defence position that Walker is not a threat to anyone else in the community. “He’s shown how he’ll react to any threat. What happens when his kid has a bully bothering him? Is dad going to come up with a (gun) and save the day?” he said. “The bottom line is he’s a control freak and he lost it.” See Hayward on Page A2 Driver sought in hit-and-run By PAMELA COWAN Leader-Post Barb and Carl Pearson’s world revolved around their three children. Then a hit-and-run driver shattered the Regina family’s world. In the early hours of July 26, 2009, their son Jason was struck and killed by a vehicle that failed to stop. Despite repeated pleas from ROY ANTAL/Leader-Post Energy drinks have too much caffeine: doctors Scientists puzzled by aboriginal medical issue One of the Afghanistan war documents released by the anti-secrecy organization WikiLeaks shows that a Canadian military photographer who died in a 2007 helicopter crash was the victim of a heat-seeking missile fired by Taliban forces. High-caffeine drinks are providing an energy jolt for Canadians young and old, but some products are delivering enough of the drug to potentially cause intoxication, Canada’s top medical journal is charging. A new study reveals that aboriginals in Canada have a higher infection and death rate when being treated for kidney disease and renal failure than the rest of the population, but scientists can’t confirm why. B4 B4 C7 By JEFF DeDEKKER Leader-Post E Ontario police asking the driver to come forward, no one has. With tears running down his face Monday, Carl said: “Our lives have come to a standstill. We can’t go forward and we can’t go back — I can’t see the future anymore. We’re just lost.” Jason, 31, who had been living in Waterloo, was in Grand Bend, Ont., to carry on a summer tradition — the Not So Pro Beach Volleyball Tournament. Following a night out with friends, he was struck by a vehicle while he was walking to a nearby campsite around 5 a.m. See Pearson on Page A2 One year ago on Monday, Jason Pearson, son of Barb and Carl Pearson of Regina, was killed in Ontario. Chopper carrying Canadian downed by Taliban missile Kid Rock warms up the crowd for Bon Jovi. DON HEALY/Leader-Post ‘Impressive’ Rock delivers JASON PEARSON JAMES HAYWARD SLAYING DON HEALY/Leader-Post A ven Jon Bon Jovi is willing to admit that time flies when you’re having fun. “Somebody told me before the show that it’s been 20 years since we were last in Regina. How is that possible?” the 48-year-old rocker asked the estimated crowd of 35,000 at Mosaic Stadium on Wednesday night. “I like lots of things about Regina. I liked the flyover before the show. I liked the nice things written about us in the newspaper. And I met Jovi, a baby who was named after the band. It won’t be another 20 years before we’re back in Regina.” Currently touring in support of their their latest album, The Circle, Bon Jovi certainly made up for lost time with an impressive 23song, 135-minute set. Bon Jovi, joined as always by Richie Sambora (guitar), Tico Torres (drums) and David Bryan (keyboards), dipped deep into the band’s discography and gave the crowd a taste of the music that’s enabled the New Jersey rockers to sell 130 million albums worldwide over the past 26 years. Opening with “Blood On Blood” and “We Weren’t Born To Follow,” Bon Jovi decided to challenge the crowd right off the bat. “Regina — are you with me out there?” he shouted. The answer was a resounding yes and when Bon Jovi told the crowd, “Show me what you’ve got,” they responded with an enthusiastic singalong of “You Give Love A Bad Name.” While the music was front and centre, the massive stage was also a sight to behold. Backed by a high definition video screen in the shape of a half circle — it measures an imposing 115 feet wide by 50 feet high — the stage also included a circular ramp into the crowd. With rectangular video screens on each side of the stages, fans were guaranteed not to miss a beat, whether it was a sly smile from Bon Jovi or a sneer from Sambora. During “We Weren’t Born To Follow,” a song about standing up and fighting for a belief, the screen filled with images of Lance Armstrong, the Wright brothers, President Barack Obama, Winston Churchill, Oprah Winfrey and Martin Luther King Jr. It was interesting imagery — most people wouldn’t compare Lance Armstrong with Martin Luther King Jr. Bon Jovi, who usually is very active on stage, apparently was limited by a calf injury he suffered on July 9 while performing at the new Meadowlands Stadium in East Rutherford, N.J. It took Jon 11 songs but he finally made it out onto the circular walkway. It was a gentle stride out into the crowd and although Jon didn’t appear to be limping, he definitely wasn’t his usual high-energy self. The pre-concert press kit indicated Sambora brings 15 different electric guitars on the road and if he didn’t use all 15 Wednesday night he came close. It seemed he changed guitars with every song but what didn’t change was Sambora’s skill — he plays like a man possessed, with poise, ease and confidence. He might not be AC/DC’s Angus Young but Sambora is capable of holding more than his own with it comes to guitar licks. Sambora also proved he was more than just guitar player by taking centre stage and lead vocals for “Lay Your Set List Hands On Me.” 1. “Blood on Blood” Sambora’s voice fit 2. “We Weren’t Born to Follow” the quintessential “You Give Love a Bad Name” rock ballad perfectly 3. 4. “Whole Lot of Leavin’ ” as he morphed into 5. “Born to Be My Baby” 6. “Lost Highway” a church choir 7. “It’s My Life” leader orchestrating 8. “I’ll Sleep When I’m Dead” the congregation. 9. “We Got It Goin’ On” 10. “Bad Medicine”/ Jon’s voice “Pretty Woman”/ “Shout” sounded great, the 11. “Love Is The Only Rule” band sounded great, 12. “Lay Your Hands on Me” 13.“(I Want To) Make A the visuals were Memory” impressive but the 14. “I’ll Be There For You” set did hit a bit of a 15. ”Someday I’ll Be Saturday lull one hour in with Night” 16. “In These Arms” “(I Want To) Make A 17. “Work For the Working Memory,” “I’ll Be Man” 18. “Who Says You Can’t Go There For You,” Home” “Someday I’ll Be 19. “Keep the Faith” Encore Saturday Night,” 20. “This Is Our House” “In These Arms” (twice) and “Work For the 21. “Wanted Dead or Alive” Working Man.” This 23. “Livin’ on a Prayer” isn’t a knock on the songs — the material definitely was good — but stringing that many slower songs together took the crowd out of the performance. The band regained its footing, ending the set with “Who Says You Can’t Go Home” and “Keep The Faith.” Jon threw a curveball with the first song of the encore: “This Is Our House.” “We’re going to play a song we’ve never played live before,” Jon explained. “And I hope you don’t mind but we’re going to film this for a video. So if you want to fix your hair and makeup, go ahead.” Before playing the song a second time for extra filming, Jon had an interesting suggestion: “I wouldn’t mind if the Riders wanted to use this as they’re new theme song.” Of course like any great showman, Bon Jovi kept the best for last, completing the encore with “Wanted Dead Or Alive” and a haunting version of the band’s king-making hit, “Livin’ On A Prayer.” On the latter, it sounded as if all 35,000 sang every word. It was a great way to end a great night. ‘badass’ show By CHRISTOPHER TESSMER for the Leader-Post I t was hot, muggy, loud and boisterous, but more importantly the one hour that saw rock bad boy Kid Rock on the massive stage at Mosaic Stadium was an exercise in carefully crafted debauchery. From the moment that the longhaired rock and roll icon met the Saskatchewan sunshine to the time he bowed out to a standing and appreciative audience, Rock definitively proved that he belongs on the stages of stadiums. Following a pre-recorded intro of Journey’s “Don’t Stop Believin’,” the Detroitborn singer and his 10-piece Brown Trucker Band (which included two drummers) took the stage shortly after 7 p.m. and launched into the opening chords of “Rock ’N’ Roll Jesus.” Ironically, as he repeatedly sang about a “freight train rollin’ packed tight full of rhythm of blues” the old CP Rail rail yard beside the stadium started rocking as a large freight train ran by. For those not quite tuned into the fact that they were at a massive rock show, Rock hit them with both barrels smoking as his ripped into the notes of “You’ve Never Met a Motherf---er Quite Like Me,” from his third album COCKY. The hard-rocking song showcased his band and demonstrated just how tight of an outfit they really were. Extremely good on recording, musically they were even better live. When “All Summer Long” followed that up, even the most uninformed were able to sing along to last year’s radio staple that tore up the airwaves of rock, pop and country stations. The energetic frontman tore around the catwalk that encircled the VIP crowd as the crowd grooved to the Lynryd Skynrdbased rhythms, dancing along to the most famous of guitar licks. Taking a moment to address the crowd, Rock asked everyone nonchalantly “what was up?”, to a chorus of screams. He welcomed the crowd to the show and stated that he wanted to share two things: That he truly appreciated that people spent their hard-earned money to come see him and Bon Jovi, and just as important all the music in the show is live. “There’s nothing pre-recorded,” he noted. “This ain’t no Jonas/Britney deal,” he said to the applauding audience, taking a jab at his poppier peers. “Everyone here has been working their ass off in dingy vans and bars over the last 20 years to be here. This ain’t no American Idol bullshit. This is American badass bullshit.” With the crowd mostly won over, Rock wearing a black T-shirt, blue jeans and a fedora, tore through “Rock ’N’ Roll Pain Train” before playing a piano-based version of Sly and the Family Stone’s “Everyday People” and a cover of country singer Jamey Johnson’s amazing song “In Colour.” The latter, described by Rock as “one of the best songs written in the past Set List 10 years,” also got the 1. “Rock N Roll Jesus” piano-only version as the 2. “You Never Met a Motherf---er Quite Like talented artist manned Me” the ivory keys. 3. “All Summer Long” Laughing and noting 4. “Rock ’N’ Roll Pain Train” the crowd had some 4. “Everyday People” “real hillbillies” in 5. “In Colour” attendance, Rock ran 6. “Cowboy” 7. “Picture” through “Cowboy,” 8. “Interlude” (which included a brief 9. “So Hot” Dukes of Hazard theme 10. “Bawitdaba” break, and “So Hot,” the 39-year old Rock showed his more sensitive side as played the Rock/Sheryl Crow hit “Picture.” While Crow was nowhere to be found, one of his background singers filled in admirably as they sat on stools at the front of the stage. During his interlude, Rock manned the DJ tables, guitar, and drums as he poured himself a Jim Beam as he ran through a George Thorogood guitar lick, a Peter Frampton vocal effect, and a rendition of Ted Nugent’s “Cat Scratch Fever.” Regarding the last offering, Rock must have been well aware that a little “Cat Scratch Fever” always goes over well in the sticks. Closing with “Bawitdaba,” which kicked off with a shower of sparks, high flames firing off the stage, and a cannon blast that caused more than a few people to scream in surprise,” Rock showed that a badass who raps, cusses, and grabs his crotch as much as the King of Pop can still win over the most straight-laced of crowds. While Rock admittedly swore enough to make more than a few adults there with their parents smile awkwardly, the rock and roll enigma put on a show worth the money and more. An ultimate professional, his musical ability and knack for melody and decadence made the hour pass in what felt like minutes. As he played the last few notes of his set rang out, Rock impishly asked the crowd “Are you opened enough for Bon Jovi?” Definitely Yes. H ghes a endance s nce 2001 Sask o ows na ona end Memorab e exper ence B m mm By CHRISTOPHER TESSMER for the Leader-Post T ouring and playing the songs of his father’s legendary band, drummer Jason Bonham had to anticipate many would question his motives in progressing with the project. Midway through his concert Saturday night, the 44-year-old musician addressed his critics stating, “There were a lot of people who said I shouldn’t be doing this, but f*** them.” Despite the devil-may-care statement, the evening was a satisfying mixture of sentimentality, expert musicianship, and a celebrated songbook. The lights darkened at exactly 7:30 p.m. as the stage’s backdrop separated in the middle to reveal three large LCD screens that played a brief video introducing the audience to Jason Bonham as a child and his fond recollections of his father, Led Zeppelin drummer John Bonham. Describing the show to follow as a journey through his recollections of his father’s band, the video faded to black as the stage lights came on and Bonham came onto the stage with his band to conservative applause. The stage was a rather barren set up, completely minimalist despite the screens in the background and the standard lighting rig above. Dressed in jeans, a white T-shirt, black shades and a dark trucker’s hat, Bonham opened the set with the classic “Rock and Roll.” Bonham’s band, comprised of Whitesnake bassist Michael Devin, Stephen Leblanc on guitar, keyboards, and lap steel, Tony Catania on lead guitar and James Dylan on vocals. Visually it was somewhat difficult to get past the fact that it s back b gge and be e $1.00 + GST Monday to Wednesday Publications Mail Agreement No. 40063375 Return undeliverable Canadian addresses to: Leader-Post/Reader Sales & Services Dept. P.O. Box 2020 Regina SK. S4P 3G4 RCMP The Leader-Post salutes Larry Hesterman of Regina, a loyal subscriber since 1993 Reba fine and fancy � Turn to Page B3 see photos from the show and go online today to see photo galleries at leaderpost.com and to comment on the concert. S R Nw w Ha oween has a ch spooky h s o y F om unk o gem app a e ha een a P Pow on k on As you go h ough ou annua epo you w see ha ou pos ve ends o bus ness g ow h and p ofi ab y a e we es ab shed now a Ev az P ace Ou vo un ee Boa d has been wo k ng ha d o a se he ba n ou con empo a y p nc p e based gove nance mode The managemen and s a have been wo k ng ou he k nks n ou new s uc u e by s eam n ng ou even de ve y p ocesses and wo k ng a mp ov ng ou eade sh p sk s Ou bus ness vo umes have nc eased by 250% ove he pas e gh yea s and we have a ac ed $80M n cap a e nves men o he p ope y h ough h ee eve s o gove nmen and p va e sec o pa ne sh ps ha we have es ab shed The yea 2010 was ano he andma k yea o Ev az P ace In anua y we opened he b and new $55M Co ope a o s Cen e comp ex I se s a new s anda d o spo and ec ea on ac es o e ng mu unc ona pe o mance and even flex b y o ou cus ome s As de om en oymen o he ac es by he spo and ec ea on commun y he Co ope a o s Cen e has a eady added o he expe ence o gues s and exh b o s o he Wes e n Canada Fa m P og ess Show Queen C y Exh b on Roya Red and Canad an Wes e n Ag b on Las Ap he new Co ope a o s Show A ena hos ed he Esso M dge Womens Hockey Champ onsh ps wh ch was b oadcas on TSN The add on o he Co ope a o s Cen e o ou po o o o ac es and he new bus ness vo umes ha accompan ed a new d v s on was equ ed o manage ou subs an a spo & ec ea on bus ness We now have an en e d v s on devo ed o he va ous a ena ce use s d y floo a ena spo g oups and o cou se ou Reg na Socce Assoc a on c en s n he C ed Un on Even P ex Th s d v s on a so suppo s he non spo even s n hose ac es such as he P em e s D nne Ken Go Box ng and o he s The comp e on o he Co ope a o s Cen e ma ks he comp e on o Phase One o ou mas e p an o enew and ev a ze Ev az P ace Ou s gh s a e now se on Phase Two wh ch equ es he e u b shmen o he Canada Cen e and demo on o “ba n ow” and he ace ba ns I w connec he Canada Cen e comp ex o he Ag Ex bu d ng comp e ng he n e connec v y o ou even s comp ex F nanc ng and efin ng he des gn and bus ness case o h s ma o n a ve w be a p o y o 2011 Cap a mp ovemen s con nue o be made h oughou ou o he d v s ons as we Even s and En e a nmen wo ked w h he Reg na Pa s o expand he o fice space and new a cond on ng and dehum d fica on sys ems con bu ed o mp oved ce qua y and o e ed a cond oned com o n he u y hea o ou C que du So e pe o me s and gues s n he B and Cen e The Food and Beve age D v s on we e ab e o comp e e a subs an a e u b shmen and mode n za on o he ma n k chen and comm ssa y Th s $2M p o ec p ov ded $750 000 n new equ pmen and e ec ve y doub ed he k chen a ea – add ng b and new eeze s and coo e s o ou g ow ng ca e ng and concess on bus ness We emba ked upon an mpo an ong e m n a ve – a comp ehens ve p even a ve ma n enance sys em ha has documen ed ou ma o asse s Go ng o wa d h s n a ve ays he g oundwo k o ou cap a and ma n enance e nves men dec s ons o ou new and e u b shed asse s F na y and mos mpo an y I wan o acknow edge he ha d wo k o a ou manage s and s a I con nue o be encou aged by he pos ve commen s I ece ve om gues s and c en s abou ou hosp a y and cus ome se v ce eve s We a e we on ou way o ca y ng ou ou m ss on en ch ng he qua y o e o peop e n he commun y h ough he hos ng and de ve y o oca eg ona na ona and n e na ona even s Mark Allan President and CEO Execut ve Management Team As o Ap 2011 Ma k A an P es den and CEO Ne Donne y V ce P es den Even s and En e a nmen ohn H cke V ce P es den and CFO Re d Pede sen V ce P es den Spo s and Rec ea on E ma Shou ak V ce P es den Human Resou ces B S one V ce P es den P ope y and Fac es Den se Wanne Manage Execu ve O fice Management As o Ap 2011 Dean Chu ch – D ec o F nance and IT G aham Edge – D ec o B and Cen e Ma cus E am – Gene a Manage Food and Beve age F ed F nk – Manage Even De ve y Da w n God en – Manage Secu y and Pa k ng And ew H gg ns Gene a Manage Spo s and Rec Ma n Hube – D ec o Re a Ope a ons Ch s Hu ch son D ec o Co po a e Deve opmen Ky e Lamkey Manage Spo s and Rec B enda McIn osh Even s Manage Ca o McMo ow In e m Food and Beve age Manage Degan M dd e on Machdanz – Food Even Manage En e a nmen and Even s Rob O Conno – Show Manage – Wes e n Canada Fa m P og ess Show B m Pandya – D ec o Fac y Sa es K s en Pewa chuk Ca e ng and Even s Manage Ma a P a – Manage Human Resou ces Pa e Sch e ne D ec o Human Resou ces e y Senko Gene a Manage Even s and En e a nmen Ga h Shaw o d Food Se v ce Manage Roge We don – Manage F nanc a Ana ys s M ke Zech Execu ve Che m 3 w “ community impact Board of Director’s message Officers Jeff MacPherson Chair of the Board Mark Allan President and CEO John Hicke Vice President and CFO Denise Wanner Corporate Secretary Board Committees Audit and Finance Committee Doug Mutschler, Chair Bob Linner Rob Nisbett Patrick A. Kelly Mike MacNaughton Jeff MacPherson (Ex-officio) Governance/Nominating Committee Patrick A. Kelly, Chair Glen Davies Laura Soparlo Grant Wasnik Jeff MacPherson (Ex-officio) Human Resources Commitee Grant Wasnik, Chair Terry Hincks Reg Howard Doug Mutschler Ron Nugent Jeff MacPherson (Ex-officio) Capital Funding Strategy Ad Hoc Committee Reg Howard, Chair Francis Bast Bob Linner Mark Stefan The responsibilities associated with being a Volunteer Board Member in a Not for Profit Company are complex. First and most importantly, we have a fiduciary responsibility to the owners. You may ask what fiduciary means. Fiduciary is a legal or ethical relationship of confidence or trust quickly associated with the financial integrity of the organization. Fiduciary also means being the soul and conscience of the organization at all times. At Evraz Place, our fiduciary responsibility is to ensure the long term success of our business for the community of Regina. By generating a profit we are able to reinvestment in the assets of the company ensuring the property is available to its citizens for generations to come. Simply, we cannot allow the assets of Evraz Place to reach a state of disrepair to the point that they can no longer generate a return which allows the cycle of re-investment to continue. Over the past 5 years we have re-invested over $6.5 million from revenues earned from our business operations. $3.2 million directed to the Brandt Centre for new seats, air conditioning, dehumidification and upgraded dressing rooms. Our kitchen has had $2.1 million in new equipment and renovated space. Finally, we have invested $1.3 in equipment that we use every day as we change over our multi-purpose space in support of sports and recreation events to concerts and entertainment events to agriculture events and back. We are proud of the legacy this investment creates and we are proud of our Staff and Management for their efforts. Fair, fearless and firm in the execution of our business strategy. The result is substantial re-investment in this property for the betterment of our community. Jeff MacPherson Chairman of the Board Community Impact PROFILE Situated in the heart of the Queen City -- Regina, Evraz Place is one of the largest and most influential event complexes in the country. It is a centre of excellence for entertainment, agri-business, sporting, recreational and cultural activities. Evraz Place boasts 1.2 million square feet of indoor space and close to 42 acres of usable outdoor tradeshow space. Registered as a not-for-profit organization, Evraz Place receives no subsidization for operating expenses from the public sector. The organization produces and hosts the majority of Regina’s major events every year, including the Western Canada Farm Progress Show presented by Viterra, the provincial exhibition -- Queen City Ex and Prairie Mobile Taste of Spring. It is home to Canadian Western Agribition, the WHL’s Regina Pats, Regina Soccer Association, Spring Home & Garden Show & Sale, First Nations University of Canada Pow Wow and numerous concerts, tradeshows and conventions. ECONOMIC IMPACT Evraz Place is an economic engine that generates a $75 million impact annually on Regina and the surrounding areas’ economy. It supports over 3,100 jobs in the province, creating $50 million in labour income. The event site impacts on a broad range of people with more than 70 percent of them coming from outside an 80km radius. It was estimated that more than 2.5 million people pass through the gates of Evraz Place annually, attending over 1,000 events. These events and activities also provide opportunities for local, regional and national media exposure. EMPLOYMENT Evraz Place operates on an annual budget of $27 million and employs approximately 160 full-time and more than 925 part-time and casual employees. Recognizing this ongoing success would not be possible without the support of its dedicated employees. In 2010, Evraz Place celebrated the long term commitment and contributions of 50 employees recognizing their service ranging from 5 – 35 years of dedication to serving Evraz Place customers. Evraz Place is committed to ongoing staff training, appreciation and professional development. Various staff appreciation events are held throughout the year. The organization also offers the Employee Family Assistance Program (EFAP), which provides counselling services and assistance to Evraz Place employees and their families. CORPORATE ROLE Evraz Place gives back to the community that it serves and is the largest employer of residents from the North Central community. Through gainful employment with Evraz Place, many of these individuals have overcome the challenges of alcohol and/or substance abuse and enduring a subsistent state of being. To serve the organization’s corporate social responsibility, Evraz Place staff is taking a part in supporting the Wascana/ Herchmer School partnership through volunteer activities and fundraising for an annual Christmas lunch and gifts for all students, and its Adopt-A-Family Christmas program. Evraz Place encourages student leadership and academic achievements by sponsoring the monthly Wascana School virtue awards as well as an annual year-end school barbecue. In addition, every student receives a day tripper pass to the provincial exhibition -- Queen City Ex. Grade 8 students are provided with a half day work experience at Evraz Place. Evraz Place also provides a $2,000 scholarship to a former student of Wascana School to assist him/her in the pursuit of post-secondary studies. TOURISM Evraz Place is an important anchor within the tourism industry - provincially, nationally and internationally. It is one of the top tourist attractions in the province and brings in hundreds of thousands of visitors every year. In recognition of the numerous spin-offs created by the tourism industry, management and staff at Evraz Place are committed to fostering and maintaining partnerships that work to strengthen the tourism network. Members of the management team sit on the Board of Directors of Regina Regional Opportunities Commission (RROC) and various tourism committees. Evraz Place is also an active member of RROC, participating in many of their marketing programs and also involved with other tourism organizations such as the Regina Airport Authority, Tourism Saskatchewan, Special Events Regina (SER) and the Saskatchewan Trade & Export Partnership (STEP). Management members have been key participants in major event bids, and organizing committees, which have been successful in attracting events like the 2006 Tim Hortons Brier, 2007 Canadian Country Music Awards, 2008 Scotties Tournament of Hearts and the 2010 World Junior Hockey Championships. 5 Events & Entertainment events and Performances: Evraz Place, the hottest entertainment hub of the province brought a diversity of high-profiled artists and excellent performances in 2010, which attracted nearly 135,000 attendees and generated over $7.7 million in ticket sales. Bon Jovi, the legendary rock band returned to Regina on July 28 with special guest Kid Rock. Their impressive performance at the long-awaited outdoor concert drew a crowd of over 33,000 to the Mosaic Stadium. Meanwhile, at the Brandt Centre, the world famous Cirque du Soleil brought its magic of Alegria to the city from July 27 to 31. The variety of spectacular acrobatics and aerial acts led the audience to a magical world. Tickets of pop singing sensation Justin Bieber (September 16) and country music super star Reba (October 28) were snapped up immediately, as both talents gave world-class performances, leaving their fans with life-long memories. Brandt Centre, the 6000-seat facility hosted all home games of the WHL’s Regina Pats for the past 34 years. Evraz Place is very proud Pats fans recognize Brandt Centre as the home of this beloved hockey team. The organization acknowledges the importance of agriculture and continues supporting the agri-business in our province and in Canada. Evraz Place is proud to be the home site for the Canada Western Agribition -- one of the main agricultural events in the country. In 2010, other entertainment events including Guns & Roses, Alan Jackson, Motley Crue, Billy Talent, Hedley, KORN, Monster Spectacular, Daughtry, Star Wars: In Concert, Tool, Black Label Society, Jason Bonham’s Led Zeppelin Experience, and Wiggles provided a perfect mixture of entertainment for many people to enjoy. Farm Show: The Western Canada Farm Progress Show presented by Viterra embraced an unprecedented success in 2010 with increased number of exhibitors and products; expanded tradeshow space; and a record-breaking crowd. To accommodate the growing appetite of exhibitors, the Farm Progress Show increased tradeshow display area from 1.6 million sq. ft. to 1.78 million sq. ft. Opening of the Co-operators Centre is the essential contributor to the exhibit space increase. All tradeshow booths were completely sold out. A new record crowd of 45,827 attended the show in 2010, breaking the previous record set in 2007. This attendance number was the highest in the annual event’s 33-year history. Among these visitors, there is a very positive increase in international visitor presence: the International Business Centre welcomed representatives from 49 countries! As a result, the Farm Progress Show received economic thumbs up. The 2010 Saskatchewan Festivals and Events Research Project, conducted by the Southwest Tourism Region with support from the Ministry of Tourism, Parks, Culture and Sport, showed visitors from outside of Regina spent in the range of $185 million to $380 million on items valued over $5,000 - including agriculture equipment such as tractors, combines, seeding and tillage equipment. This Saskatchewan’s premier event is anticipated to have much larger positive economic impacts to our community, as many visitors have made or will be making big purchases in the future as a result of being at the show. The Western Canada Farm Progress Show, known as “Canada’s National Farm Show” is the country’s largest dryland farming exposition and is consistently ranked number one among farm shows for its relevance to exhibitors and the agriculture industry. Queen City Ex It was the most successful year in a decade for the Queen City Ex. The five-day provincial exhibition treated fairgoers with a brand new layout, a new facility and new entertainment programs. These changes drew a crowd of 211,736 visitors -- the largest attendance since 2001. The most significant change of the 2010 exhibition was the usage of the new air-conditioned Co-operators Centre. Fair organizers moved the Safeway Kiddieland and Kidz World to the $60-million facility from the Saskatchewan and Heritage buildings. The Co-operators Centre also hosted other entertainment programming, including the “Days of the Dinosaur” -- the only Canadian stop the exhibit made in 2010, “Star Trek Live,” and “Saskatchewan Express.” The Co-operators facility provided fairgoers a much more enjoyable experience, and it allowed for better flow of traffic throughout the grounds and facilities. A cooperative weather forecast helped the week start out very strong with crowds, nearly doubling the attendance of previous year’s opening day. Although the crowds tapered off on Sunday, the week ended very positively with an increase in attendance of 11 per cent overall. The Molson Grandstand which featured LMFAO, Collective Soul, Weird Al Yankovic, Streetheart, Headpins, Kick Axe, and Doc Walker with the Road Hammers, as well as the Backyardigans Live!, attracted a significant number of fans. The new ride “Skater” which made its first trip to Regina received very positive response for the ride fanatics. Other attractions such as Star Trek Live, Craz-E Crew Stunt Team, Roller Derby, Wayne Lee, and the Sask Arts Showcase featuring Sask Express and the Fashion Show weighed heavily on the success of this year’s event. Prairie Mobile Taste of Spring Taste of Spring -- Regina’s celebration of fine wines, spirits and food, is one of the most anticipated events in the city. 2010 show drew a crowd of more than 6,000 over the three nights. Friday and Saturday nights were sold out within a record time of 15 minutes. Thursday night was sold out prior to the show. Due to a rising interest, this premier event out-grew the space at the Queensbury Convention Centre and moved into the Credit Union EventPlex in 2010. Exhibitors and guests much enjoyed the more spacious venue. 7 Food & Beverage As the demands for conferences and catered events have grown significantly in the city, the Food Service Division at Evraz Place thrived in 2010, contributing nearly $3.4 million to the organization’s overall revenue. 2010 Event Highlights The conference and catering staff served more than 67,000 customers. The division hosted 21 major conferences and other 1,100 diverse food and beverage events. The Saskatchewan Support Our Troops Gala was held at the Agribition Building October 23. Evraz Place is proud to host and support this national event, which made its first visit to the province in 2010. Evraz Place offers elegant and versatile world-class venues for various meetings, tradeshows, gatherings and dinners. This multi-purpose event complex provides 307,000 sq. ft. space features interconnected exhibition halls, pavilions, arenas and meeting and banquet salons. The complex also accommodates the parking for up to 4,500 vehicles. We also understand exceptional food is the key to a successful event. Chef Michael Zech and his team along with the service staff created remarkable impressions for customers: from a lavish buffet to an inviting sit-down meal with great selections of Prairie and International food and beverages, all prepared freshly in house. Conference, catering and tradeshow facilities at Evraz Place: Facility Queensbury Convention Centre Size (sq. ft.) Details 40,000 Credit Union EventPlex 90,000 Banner Hall Agribition Building 10,000 23,000 sq. ft plenary room 10 rooms; Wireless internet access Classroom seating for 3,000 people; Spaciously accomodate 400; 10’ x 10’ booths Accomodate 50 8’ x 8’ booths Co-operators Centre 120,000 40,000 Hold 1,200 people for a buffet served dinner event; Accomodate 200 10’ x 10’ booths Six contiguous multi-purpose rink surfaces; Include a 10,000 sq. ft. full service restaurant Many national and provincial premier events chose Evraz Place as their host venue. The gala is aimed to fundraise for a number of organizations that support members of the Canadian Forces and their families. Invited guests included the Honourable Senator Pamela Wallin; the Chief of the Defence Staff, General Walt Natynczyk; his wife Leslie; and the Premier of Saskatchewan, Honourable Brad Wall. Hundreds of supporters came to Evraz Place to show their respect to the troops. Due to the popularity of the event, gala organizers had to expand the event from 400 to 700. Evraz Place staff effectively managed the expansion within a short period of time. Other major events, such as SUMA Convention, SARM Convention, Stepping Stones Career Fair, Treaty 4 Education Conference, and Olive & Grape Festival Dinner have chosen Evraz Place facilities as their event venue destiny. In addition to the larger-scale conferences and events, Evraz Place has also catered to occasions which have smaller attendance. In the course of 2010, Queensbury Convention Centre served over 4,500 people during various graduation celebrations and more than 6,000 people at corporate Christmas dinners. It was the third consecutive year in 2010 that the Regina Premier’s Dinner was hosted at Evraz Place. Saskatchewan’s most prestigious sporting dinner, the Roughrider Plaza of Honor was hosted at the Queensbury Convention Centre on October 15. This sold-out event attracted over 1,700 patrons and is considered the most successful dinner to date by the organizing committee. The Ken Goff Memorial Boxing Classic hosted for the first time at the Credit Union EventPlex on May 15, where Team Canada took on Team Ireland. This premier event was Team Canada’s first international competition of 2010 and drew a crowd of approximately 1,200 fans. 9 Sports & Recreation More than 12,000 hours of ice time, over 10,000 hours of indoor turf programming, and over 40 tournaments and special events, the Sports & Recreation Division saw its highly flexible facilities stay busy all year around. As part of the City of Regina Olympic Torch festivities, Co-operators Centre, the six-ice arena complex, opened its doors to the public for the first time on January 9. Two days later, five of the six arenas opened to the minor sports community with the sixth arena coming online in late March. In 2010, over 1,000,000 people came through the Credit Union EventPlex and Co-operators Centre doors. Sport Events Flexibility of the modernized facilities resulted in high utilization of the buildings. Besides the much demanded ice time and indoor turf programming, other dry floor sports, such as lacrosse, ball hockey and inline hockey found their ideal location at Evraz Place. The WHL’s Regina Pats hosted their 2010 training camp in the Co-operators Arena as well as exhibition games against the Saskatoon Blades and Moose Jaw Warriors. The Co-operators Centre’s location adjacent to the Brandt Centre provided a great level of convenience for the team which had hosted their training camp in out of town locations in the past couple of years. 2010 ESSO Cup, Canada’s National Female Midget Championship came to Evraz Place in April. All games of the seven-day national event were played at Evraz facilities. The Saskatchewan Female Midget AAA Hockey League as the host team joined other four regional champions during this major sporting event, attracting over 10,000 fans and supporters. The Co-operators Centre is proud to serve as the host venue for the University of Regina Cougar men’s and women’s hockey teams. Nearly every weekend from mid-September to February, the Co-operators Arena featured exciting Canadian Interuniversity Sport hockey action. Looking into the future, Evraz Place is pleased to welcome back the Canadian Gymnastics Championships in May of 2012. When last staged in 2007 at the Credit Union EventPlex, it was marked the first time for this event which featured all four disciplines under one roof. In 2012, two arenas of the Co-operators Centre will be part of the event, providing Canada’s elite gymnasts and Olympic contenders with an additional 40,000 sq. ft. of training space and over 90,000 sq. ft. of competition area. Special Events In addition to sport and recreational activities, the multipurpose facilities were used as exhibit space and played a vital role in hosting major annual community events, such as the Western Canada Farm Progress Show, Royal Red and Canadian Western Agribition. The Olympic Torch made its way to Regina on January 9. The Co-operators Centre opened its doors to the public for the first time to support this national celebration, providing a variety of ice sport demonstrations including speed skating, figure skating, ringette and hockey; while the Credit Union EventPlex hosted turf sport demonstrations. offering o v e r 200,000 sq. ft. climate controlled space to fairgoers. It replaced the obsolete Saskatchewan and Heritage buildings, giving a facelift to the provincial exhibition. Utilization of the Co-operators Centre provided a much enjoyable experience for our clients and will open the doors to future events and business opportunities. In August, Co-operators Centre and its parking lot provided the anchor of an exciting new layout for the Queen City Ex, Sampling of events and tournaments hosted by the Sports & Recreation Division facilities in 2010: Major Events Hosted: 2010 Olympic Torch Relay Festivities Esso Cup National Women’s Championship Hockey Tournaments: Farm Credit Union Employee Adult Hockey Tournament Mandi Schwartz University Womens Tournament Cougar Hockey Alumni Mens Tournament Graham Tuer Bantam Tier 1 Tournament Sasktel Female Challenge Hockey Regina Bantam Tier 2 Tournament Hockey Regina Midget Tier 1 Tournament Atom Classic Tier 1 Tournament Hockey Regina Pee Wee Tier 1 Tournament Hockey Regina Pee Wee Tier 2 Tournament Brewer’s Cup Junior C Tournament Days Inn Novice Classic Prairie Cup Midget Tier 2 Tournament Hockey Regina Atom Tier 2 Tournament SaskPower Employee Hockey Tournament Hockey Regina Novice Tournament Oskana Cup First Nations Tournament Molson Ultimate Rec Hockey Experience Spring AAA Classic Tournament Major Events Upcoming: 2012 Canadian Gymnastics Championships Major Events in the Bid Process: 2012 BMO Skate Canada Challenge Saskatchewan Hockey Association: Sask First Female Zone Camp SHA Futures Zone Tournament Sask First Bantam Zone Camp Sask First Midget Zone Camp Sask First Bantam Provincial Tournament Sask First Midget Provincial Tournament SHA Female Jamboree SHA Futures Camp Skate Regina: Skate Regina Synchronized Skating Competition Skate Regina Regionals Soccer Tournaments: SSA Soccer Jam QC United Youth Indoor Tournament RE United Youth Tournament RSA Youth Tournament RSA Adult Tournament ACFC Youth Winterfest Tournament RSA 1st Sweetheart Co-ed Tournament World Class Players Cup Tournament Ringette Tournaments: Jim Benning Tournament Queen City Tournament Ringette B Provincial Championship Lacrosse Tournaments: Provincial Lacrosse Tournament 11 Photo Credit for University of Regina Cougars: Rob Weitzel - sportsshooter.ca financial statements Community Partnerships Management Report EVRAZ PLACE – ENRICHING OUR COMMUNITY The accompanying financial statements of The Regina Exhibition Association Limited, operating Evraz Place, were prepared by and are the responsibility of management. They have been prepared in conformity with generally accepted accounting principles. The financial information in the annual report is consistent with the financial statements. The property and facilities of Evraz Place are owned by the City of Regina and leased to the Regina Exhibition Association Limited. Management maintains systems of internal accounting control designed to provide reasonable assurance that all transactions are properly recorded in the Association’s book of accounts, that procedures and policies are adhered to and that assets are safeguarded from unauthorized use. Together with our Corporate Partners, we here at Evraz Place are enriching our community by providing the people of our City, Province, and Country with opportunities to experience world class events and entertainment and participate in sports and recreation in first class facilities. In 2010 over 2.5 Million people patronized our property, events, and facilities. In 2011 and into the future those numbers are expected to climb, as we continue to evolve as a property and partner in this community. At Evraz Place we recognize none of this would be possible without the support and dedication of our in-valuable corporate partners! Virtus Group LLP, an independent firm of Chartered Accountants, has been engaged as approved by the shareholders’ vote at the 2010 Annual General Meeting to examine the financial statements in accordance with generally accepted auditing standards and provide an independent professional opinion. The Audit and Finance Committee is composed of six members of the Board of Directors and meets regularly with the officers of the Association. The external auditors of the Association have access to the Audit and Finance Committee with or without management being present. The Audit and Finance Committee meets with the external auditors to review the planning and scope of testing and to discuss the results of their audit work. The external auditors issue a management letter. The financial statements have been approved by the Board of Directors on the recommendation of the Audit and Finance Committee Mark Allan President and CEO March 16, 2011 John Hicke Vice President and CFO March 16, 2011 To the Shareholders of The Regina Exhibition Association Limited Operating Evraz Place Report on the Financial Statements We have audited the accompanying financial statements of The Regina Exhibition Association Limited, operating Evraz Place which comprise the balance sheet as at December 31, 2010, and the statements of income and retained earnings, and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian generally accepted accounting principles, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of The Regina Exhibition Association Limited, operating Evraz Place as at December 31, 2010, and its financial performance and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles. Chartered Accountants Regina, Canada March 16, 2011 13 Balance Sheet financial statements financial statements Statement of Income Regina Exhibition Association Limited operating Evraz Place Regina Exhibition Association Limited operating Evraz Place Balance Sheet As at December 31, 2010 Statement of Income and Retained Earnings 2010 $ 2009 $ For the Year Ended December 31, 2010 2010 $ Assets Current Assets Cash Accounts and grants receivable Supplies and prepaid expenses Property and equipment (note 3) Revenues 4,529,371 1,000,415 51,450 5,581,236 8,668,102 2,003,329 48,305 10,719,736 78,329,851 83,911,087 71,976,742 82,696,478 Liabilities and Net Assets Current liabilities Accounts payable and accrued liabilities Deferred revenue and deposits Current portion of long-term debt (note 4) Long-term debt (note 4) Deferred grants and other contributions (note 5) 2009 $ 2,109,989 1,558,756 175,764 3,844,509 2,582,686 4,970,911 175,764 7,729,361 1,520,415 75,806,213 81,171,137 1,696,260 70,892,848 80,318,469 Sales Rentals Contributions and other income Sponsorships and advertising Revenue continuance (note 8) 14,262,221 5,937,732 3,731,184 1,288,835 2,600,000 27,819,972 13,276,547 4,172,656 1,566,747 1,011,877 2,600,000 22,627,827 1,236,566 3,625,301 2,730,762 693,876 5,942,168 2,068,569 11,160,929 27,458,171 361,801 2,368,459 2,730,260 1,072,720 1,639,885 2,568,839 513,413 5,096,651 1,772,002 9,621,393 22,284,903 342,924 2,025,535 2,368,459 Expenses Administration Amortization Cost of food and beverage Repairs and maintenance Supplies, equipment and contracted services Telephone and utilities Wages and employee benefits Net income for the year Retained earnings - beginning of year Retained earnings - end of year See accompanying notes Share capital (note 6) Retained earnings Net assets 9,690 2,730,260 2,739,950 83,911,087 9,550 2,368,459 2,378,009 82,696,478 See accompanying notes Approved by the Board: Director Director 14 15 Statement of Cash Flows financial statements financial statements Notes Regina Exhibition Association Limited operating Evraz Place Regina Exhibition Association Limited operating Evraz Place Notes to the Financial Statements For the Year Ended December 31, 2010 Statement of Cash Flows 1. Description of the business For the Year Ended December 31, 2010 2010 $ Operating activities Net income for the year Items not affecting cash Amortization Deferred capital contributions recognized Net (increase) decrease in non-cash working capital balances related to operations Financing activities Proceeds from long - term debt Repayment of long-term debt C t ib ti Contributions received i d Proceeds from issuance of shares 2009 $ 2. Accounting policies 361,801 342,924 3,625,301 (3,277,629) 709,473 1,639,885 (1,132,721) 850,088 (2,885,084) 1,115,402 (2,175,611) 1,965,490 The financial statements have been prepared in accordance with generally accepted accounting principles which require management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenue and expenses during the year. These estimates are reviewed periodically and adjustments as necessary are reported in the period of review. a) Property & equipment and amortization (175,845) 8 8,190,994 190 994 140 8,015,289 1,800,000 (137,976) 47 47,357,025 357 025 40 49,019,089 Investing activities Purchase of property and equipment (9,978,409) (47,888,182) Increase (decrease) in cash during the year (4,138,731) 3,096,397 Cash, beginning of year 8,668,102 5,571,705 Cash, end of year 4,529,371 8,668,102 See accompanying notes The Regina Exhibition Association Limited (the Association) is a not-for-profit organization incorporated under a private act of the Province of Saskatchewan. Under its bylaws dividends cannot be paid and its shares cannot appreciate in value. The Association operates Evraz Place and leases land owned by the City of Regina under a nominal cost lease expiring in 2011. The Association expects to enter into a continued long-term lease arrangement with the City of Regina in 2011. Property and equipment are recorded at cost. Amortization is recorded over the estimated useful life of the assets as follows: Buildings Equipment -straight-line over 10 to 30 years -straight-line over 3 to 20 years b) Revenue recognition Sales revenue, including catering, concessions and events, and Rental revenue are recognized as services are provided. Sponsorship and advertising revenue is recognized based on the terms of the contract. c) Grants and other contributions Grants and other contributions received by the Association are accounted for as follows: i) Grants and other contributions to assist with the financing of capital asset additions are recorded as deferred capital contributions (see note 5). The portion of the grant and other contributions equivalent to the annual amortization expense of the related asset is recognized annually as Contributions and other income. ii) Grants and other contributions intended for grounds and buildings repairs and maintenance are recorded in revenue in the period in which they are received. iii) Grants and other contributions not specifically intended for capital asset additions are recorded in revenue in the period the related expenses are incurred. d) Financial instruments - Recognition and measurement All financial instruments are designated and classified as one of the following: held-to-maturity, loans and receivables, held-for-trading or available-for-sale and other liabilities. Financial assets and liabilities held-for-trading are measured at fair value with gains and losses recognized in net income. Financial assets held-to-maturity, loans and receivables and financial liabilities other than those held-for-trading are measured at amortized cost. Available for sale financial assets are measured at fair value with unrealized gains and losses recognized as a separate component of net assets. Upon initial recognition any financial instrument may be designated as held-for-trading. 16 17 financial statements Notes 3. Property and equipment Buildings Equipment Cost $ 2010 $ 2009 $ 93,063,982 4,066,212 97,130,194 15,398,121 3,402,222 18,800,343 77,665,861 663,990 78,329,851 71,248,028 728,714 71,976,742 Non-interest bearing loan payable in weekly installments of $3,380 per week. Due August, 2020. Less current portion 2010 $ 2009 $ 1,696,179 1,872,024 1,696,179 1,872,024 175,764 1,520,415 175,764 1,696,260 2011 2012 2013 2014 2015 $ 175,764 175,764 175,764 175,764 175,764 2009 $ 70,892,848 24,668,544 Amounts deferred in year 8,190,994 47,357,025 Amounts recognized in year 3 277 629 3,277,629 1 132 721 1,132,721 75,806,213 70,892,848 2010 $ 2009 $ Ending deferred grants and other contributions 6. Share capital and capital disclosure Authorized2,000 shares of $10 par value each Issued969 shares (2009 - 955 shares) Credit risk In management's estimation the Association is not subject to significant concentration of credit risk. 8. Revenue continuance On November 22 1997, the Association ceased operating its casino. In accordance with an agreement between the Association and the Province of Saskatchewan, a 30 year agreement was entered into whereby the Association will receive $2,600,000 annually to maintain its earnings. In a subsequent agreement with Canadian Western Agribition (CWA), the Association agreed to annual payments of $50,000 to CWA in recognition of historical revenue sharing. 9. Contingencies 2010 $ Opening deferred grants and other contributions Fair values The carrying amounts reported in the financial statements for accounts and grants receivable, and accounts payable and accrued liabilities approximate fair values due to the immediate or short-term maturities of these financial instruments. The fair value of long-term debt, including current portion of long-term debt, is approximately $1,350,000 based on current market interest rates. The estimated principal repayments in the next five years are as follows: 5. Deferred grants and other contributions Notes 7. Financial instruments Accumulated Amortization $ 4. Long-term debt financial statements 9,690 The Association is subject to certain legal matters arising in the normal course of business, none of which are expected to materially affect the financial results of the Association. 10. Related parties In the normal course of operations, the Association has relationships with Directors' businesses. These transactions are conducted at market prices and at comparable terms as with unrelated parties. The Association requires Directors' to adhere to its Conflict of Interest policy. 9,550 The capital of the Association consists of its net assets and long-term debt. The Association budgets annually for sufficient capital to meet operating needs. The Association is not subject to significant capital restrictions. 18 19 www.evrazplace.com REGINA EXHIBITION ASSOCIATION LIMITED Operating Evraz Place P.O. Box 167 1700 Elphinstone Street Regina, SK S4P 2Z6 Phone (306) 781-9200 Fax: (306) 565-3443 www.brandtcentre.com www.queensburycentre.com www.cooperatorscentre.com www.evrazplace.com
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