WBNSW annual financial report 2013 14

NEW SOUTH WALES WOMEN'S BOWLING ASSOCIATION INC. ABN 90 743 649 786

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2014

NOTE 2014

2013

($)

($)

Revenue 2 1,256,509

1,263,679

Other income 2 261

0

Depreciation expenses

(46,571)

(46,301)

Employee benefits expense

(321,196)

(306,683)

Publication costs

(126,218)

(138,560)

Other expenses

(647,159)

(662,692)

Profit (loss) before income tax

115,626

109,443

Income tax expense 1 0

0

Profit from operations

115,626

109,443

Other comprehensive income after income tax

Revaluation gain on land and building

0

307,658

Other comprehensive income for the year

0

307,658

Total comprehensive income for the year

$115,626

$417,101

Net current year surplus attributable to members of the entity

$115,626

$109,443

Total comprehensive income attributable to members of the entity

$115,626

$417,101

The accompanying notes form part of these financial statements


STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2014

NOTE 2014

2013

($)

($)

Current Assets

Cash and cash equivalents 6 254,420

308,414 Trade and other receivables 7 35,984

36,722

Financial assets 8 2,575,000

2,295,000 Inventories 9 3,578

7,239

Total Current Assets

2,868,982

2,647,375

Non-Current Assets Financial assets 8 33,569

91,422

Property, plant and equipment 10 1,762,494

1,807,339

Total Non-Current Assets

1,796,063

1,898,761

Total Assets

4,665,045

4,546,136

Current Liabilities

Trade and other payables 11 182,951

184,228 Employee entitlements 12 11,920

10,320

Total Current Liabilities

194,871

194,548

Non-Current Liabilities

Employee entitlements 12 11,570

8,610

Total Non-Current Liabilities

11,570

8,610

Total Liabilities

206,441

203,158

Net Assets

$4,458,604

$4,342,978

Equity Reserves 14 1,525,236

1,525,258

Retained earnings

2,933,368

2,817,720

Total Equity

$4,458,604

$4,342,978


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STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2014

NOTE 2014

2013

($)

($)

Cash Flows from Operating Activities

Receipts from membership, competitions

and sale of stock (Including GST)

1,242,771

1,352,233

Interest received

128,028

119,422 Payments to suppliers and employees

(Including GST)

(1,201,181)

(1,271,581)

Net Cash provided (used) by

Operating Activities 15 169,618

200,074

Cash Flows from Investing Activities

Payments for office equipment

(1,726)

0 Net (increase) decrease in investments

(221,886)

(392,620)

Net Cash provided (used) by

Investing Activities

(223,612)

(392,620)

Net Increase (Decrease) in cash held

(53,994)

(192,546)

Cash at the beginning of the financial year

308,414

500,960

Cash at the end of the financial year 6 $254,420

$308,414


NEW SOUTH WALES WOMEN'S BOWLING ASSOCIATION INC.

ABN 90 743 649 786

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014

The financial statements cover the New South Wales Women’s Bowling Association Inc. as an individual entity. New South Wales Women’s Bowling Association Inc. is an association incorporated in New South Wales under the Associations Incorporation Act 2009.

The financial statements were authorised for issue on 18th August 2014 by members of the Board. NOTE 1 – STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES Basis of Preparation

The financial statements are general purpose financial statements that have been prepared in accordance with Accounting Standards (including Australian Accounting Interpretations) and the Associations Incorporation Act 2009. The Association is a not-for-profit entity for financial reporting purposes under Australian Accounting Standards.

Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions to which they apply. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless stated otherwise.

The financial statements, except for the cash flow information, have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar.

Accounting Policies

a. Income Tax

The income of the Association is exempt from income tax in terms of Section 50-45 of the Income Tax Assessment Act 1997.

b. Inventories Inventories consist of publications, badges and assorted mementos and are measured at the lower of cost and net realisable value. Costs are assigned on an average cost basis and include direct costs and appropriate overheads, if any.



NOTE 1 – STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D)

c. Property, Plant and Equipment Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any accumulated depreciation and impairment losses.

Property Strata title land and buildings are shown at their fair value (being the amount for which an asset could be exchanged between knowledgeable willing parties in an arm’s length transaction), based on periodic, but at least triennial, valuations by external independent valuers, less subsequent depreciation for buildings.

Increases in the carrying amount arising on revaluation of land and buildings are credited to a revaluation surplus in equity. Decreases that offset previous increases of the same asset are charged against fair value reserves directly in equity; all other decreases are recognised in profit or loss

Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Plant and equipment Plant and equipment are measured on the cost basis and are therefore carried at cost less depreciation and impairment losses. In the event the carrying amount of plant and equipment is greater than the estimated recoverable amount, the carrying amount is written down immediately to the estimated recoverable amount. A formal assessment of recoverable amount is made when impairment indicators are present. No impairment loss has been recorded in the current financial year.

Depreciation The depreciable amount of all fixed assets, including building, is depreciated on a straight line basis over the asset’s useful life commencing from the time the asset is held ready for use.

The depreciation rates used for each class of depreciable asset are:

Class of Fixed Asset Depreciation Rate

Building 3%

Office furniture and equipment 20% - 33%

The assets’ residual values and useful lives are reviewed and adjusted, if appropriate, at each reporting period.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains and losses are included in the statement of comprehensive income. When revalued assets are sold, amounts included in the revaluation relating to that asset are transferred to retained earnings.


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014


d. Financial Instruments

Initial Recognition and Measurement Financial assets and financial liabilities are recognised when the Association becomes a party to the contractual provisions to the instrument. For financial assets, this is equivalent to the date that the Association commits itself to either purchase or sell the asset (ie trade date accounting is adopted).

Financial instruments are initially measured at fair value plus transactions costs where the instrument is not classified ‘at fair value through profit or loss’, in which case transaction costs are expensed to profit or loss immediately.

Classification and Subsequent Measurement Financial instruments are subsequently measured at either fair value or cost.

(i) Financial assets at fair value through profit or loss Financial assets are classified at ‘fair value through profit or loss’ when they are held for trading for the purpose of short term profit taking. Such assets are subsequently measured at fair value with changes in fair value (ie gains or losses) being recognised in profit or loss. The Association has not held any financial asset at fair value through profit or loss in the current or comparative year.

(ii) Held-to-maturity investments Held-to-maturity investments are non-derivative financial assets that have fixed maturities and fixed or determinable payments, and it is the Association’s intention to hold these investments to maturity. They are subsequently measured at amortised cost using the effective interest rate method.

(iii) Available-for-sale financial assets Available-for-sale financial assets are non-derivative financial assets that are either not capable of being classified into other categories of financial assets due to their nature, or are designated as such by management. They comprise investments in the equity of other entities where there is neither a fixed maturity nor fixed or determinable payments.

(iv) Financial Liabilities

Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortised cost.




d. Financial Instruments (Cont’d) Impairment At the end of each reporting period, the Association assesses whether there is objective evidence that a financial instrument has been impaired. In the case of available-for-sale financial instruments, a prolonged decline in the value of the instrument is considered to determine whether impairment has arisen. Impairment losses are immediately recognised in profit or loss. Also, any cumulative decline in fair value previously recognised in other comprehensive income is reclassified to profit or loss at this point.

Derecognition Financial assets are derecognised where the contractual rights to receipt of cash flows expires or the asset is transferred to another party, whereby the Association no longer has any significant continuing involvement in the risks and benefits associated with the asset. Financial liabilities are derecognised where the related obligations are either discharged, cancelled or expire. The difference between the carrying value of the financial liability extinguished or transferred to another party and the fair value of consideration paid, including the transfer of non-cash assets or liabilities assumed, is recognised in profit of loss.

e. Employee Benefits Provision is made for the Association’s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee benefits expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled. Employee benefits payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those benefits. These cash flows are discounted using market yields on national government bonds with terms to maturity that match the expected timing of cash flows.

f. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at-call with banks and other short-term highly liquid investments with original maturities of three months or less.




g. Revenue and Other Income Revenue from the sale of goods is recognised at the point of delivery as this corresponds to the transfer of significant risks and rewards of ownership of the goods and the cessation of all involvement in those goods.

Interest revenue is recognised using the effective interest rate method, which, for floating rate financial assets is the rate inherent in the instrument. Dividend revenue is recognised when the right to receive a dividend has been established.

Revenue from the provision of membership subscriptions is recognised on a receipts basis for the financial year to which it relates.

All revenue is stated net of the amount of goods and services tax (GST).

h. Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Tax Office (ATO).

Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST receivable from, or payable to, the ATO is included with other receivables or payables in the statement of financial position.

Cash flows are presented in the cash flow statement on a gross basis. The GST components of cash flows arising from investing or financing activities, which are recoverable from, or payable to, the ATO are presented as operating cash flows included in receipts from customers or payments to suppliers.

i. Comparative Figures When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year.

j. Accounts Payable and Other Payables Accounts payable and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the company during the reporting period which remain unpaid. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability.



NOTE 1 – STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D) k. Key Estimates Impairment The Association assesses impairment at the end of each reporting period by evaluation of conditions and events specific to the Association that may be indicative of impairment triggers. Recoverable amounts of relevant assets are reassessed using value-in-use calculations which incorporate various key assumptions.



2014

2013

($)

($)

NOTE 2 - REVENUE

Operating activities

Annual Subscriptions (Note 3)

915,499

910,210

Coaching Clinics, Courses and Workshops

15,943

25,237

Competitions

125,283

124,974

Donations Received

0

0

Interest Received

119,843

121,613

Profit on Stock Trading

2,021

419

Regional Fees

47,253

50,415

Sponsorship and Grants

30,000

30,000

Sundry Income

667

811

Total Revenue

$1,256,509

$1,263,679

Other Income

Recouped Losses on Revaluation of Investments

- Unrealised gains

261

0

- Realised gains

0

0

Total Other Income

$261

$0

NOTE 3 - ANNUAL SUBSCRIPTIONS

Club Subscriptions

22,361

23,180

Entrance Fees & Administration

492,425

499,225

Bowls Australia Capitation Fees

217,135

211,986

Bowls Matters

157,916

151,868

Test Fund

25,662

23,951

$915,499

$910,210


ABN 90 743 649 786

NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FOR THE YEAR ENDED 30 JUNE 2014

2014

2013

($)

($)

NOTE 4 - SURPLUS FOR THE YEAR

(a) Expenses

Losses on Revaluation of Investments

- Unrealised losses

0

2,341

- Realised losses

0

1,146

$0

$3,487

Cost of sales (publications, badges, etc.)

4,240

7,008

(b) Significant revenue and expenses

The following revenue and expense items are

relevant in explaining the financial performance

Cost of production and distribution of Bowls Matters

126,218

138,560

Capitation - Bowls Australia

216,260

210,529

$342,478

$349,089

NOTE 5 - AUDITORS' REMUNERATION

Remuneration of auditor for:

Audit or reviewing the financial report

6,500

6,000

Taxation services

2,000

2,000

Total remuneration

8,500

8,000

NOTE 6 - CASH AND CASH EQUIVALENTS

Cash on Hand

531

562

Cash at Bank - General

144,925

218,901

Cash at Bank - Regional Representatives

108,964

88,951

$254,420

$308,414



2014

2013

($)

($)

Reconciliation of cash

Cash at the end of the financial year as shown in the statement of cash flows is

reconciled to items in the statement of financial position as follows:

Cash and cash equivalents

$254,420

$308,414

NOTE 7 - TRADE AND OTHER RECEIVABLES

Other receivables

$35,984 $36,722

No impairment of other receivables was required at 30 June 2014 (2013: Nil)

NOTE 8 - FINANCIAL ASSETS

Current

Held-to-maturity financial assets (Note 8a)

$2,575,000

$2,295,000

Non-current

Available-for-sale financial assets (Note 8b)

$33,569

$91,422

a. Held-to-maturity financial assets comprise:

Term Deposits

$2,575,000

$2,295,000

b. Available-for-sale financial assets comprise:

Units in Investment Trusts -

ANZ OA ING Income Plus Trust

22,975

28,241

ANZ OA ING Mortgage Trust

10,594

63,181

$33,569

$91,422

During the 2009 financial year the above investments listed

in 8b were frozen due to the Global Financial Crisis. They have continued to make income distributions since being frozen and partial quarterly redemptions have been permitted since March 2010. These trusts are now making quarterly distributions of capital (when funds are available) to liquidate the funds.

NOTE 9 - INVENTORIES ON HAND

Current

Constitutions, Conditions. Laws and

merchandise (at cost)

$3,578

$7,239



2014

2013

($)

($)

NOTE 10 - PROPERTY, PLANT AND EQUIPMENT

Strata Title Office Premises

7th Floor, 309 Pitt Street, Sydney

Land (at valuation)

434,758 434,758

Building (at valuation)

1,365,242

1,365,242

Accumulated Depreciation

40,957

0

1,324,285

1,365,242

Office Furniture and Equipment

131,447

170,585

Accumulated Depreciation

127,996

163,246

3,451

7,339

$1,762,494

$1,807,339

Movements in Carrying Amounts

Movements in carrying amounts for each class of property, plant and equipment

between the beginning and the end of the current financial year.

Strata

Strata

Office

Total

Title

Title

Furniture &

Land

Building

Equipment

Balance at 1 July 2012 403,800

1,124,428

17,754

1,545,982

Revaluation 30,958

276,700

0

307,658

Depreciation expense 0

(35,886)

(10,415)

(46,301)

Balance at 30 June 2013 434,758

1,365,242

7,339

1,807,339

Additions 0

0

1,726

1,726

Depreciation expense 0

(40,957)

(5,614)

(46,571)

Balance at 30 June 2014 434,758

1,324,285

3,451

1,762,494

NOTE 11 - ACCOUNTS PAYABLE AND OTHER PAYABLES

Accounts payables and accruals

78,743

56,493

Fees and subscriptions in advance

104,208

127,735

$182,951

$184,228


ABN 90 743 649 786


2014

2013

($)

($)

NOTE 12 - EMPLOYEE PROVISIONS

Current

Employee provisions - annual leave entitlements

11,920

10,320

Employee provisions - long service leave entitlements

0

0

$11,920

$10,320

Non-current

Employee provisions - long service leave entitlements

$11,570

$8,610

NOTE 13 - SEGMENT REPORTING

The Association operates in the promotion of the game of women's bowls to members within New South Wales, Australia.

NOTE 14 - RESERVES

(a) Assets Revaluation Reserve

The assets revaluation reserve records revaluation of non-current assets.

(b) Test Fund Reserve

The test fund reserve records net funds raised to stage interstate test matches.

(c) Coaching Fund Reserve

The coaching fund reserve records net funds raised to run coaching clinics throughout

the state.



2014

2013

($)

($)

NOTE 15 - CASH FLOW INFORMATION

Reconciliation of Cash Flow from Operations with Profit after Income Tax

Profit after income tax

115,626

109,443

Cash flows excluded from profit attributable to operating activities

Non-cash flows in profit

Depreciation

46,571

46,301

Employee entitlements

4,560

350

(Profit) Loss on revaluation/redemption of investments

(261)

2,341

Changes in Assets and Liabilities

(Increase) decrease in receivables

738

(7,389)

Increase in prepayments

0

6,795

Decrease in inventories

3,661

309

Increase in creditors and accruals

22,250

1,453

(Decrease) increase in fees and subscriptions in advance (23,527)

40,471

Cash Flows from Operations

$169,618

$200,074



NOTE 16 - FINANCIAL RISK MANAGEMENT The Association's financial instruments consist mainly of deposits with banks, managed funds and

accounts receivable and payable. The total for each category of financial instruments, measured in accordance with AASB139 as detailed in the accounting policies to the financial statements, are as follows:

2014

2013

$

$

Financial Assets Cash and cash equivalents

254,420

308,414 Receivables

35,984

36,722

Held-to-maturity financial assets

2,575,000

2,295,000 Available-for-sale financial assets:

- at fair value - unlisted investments

33,569

91,422

Total financial assets

$2,898,973

$2,731,558

Financial Liabilities Financial liabilities at amortised cost:

- Trade and other payables

78,743

56,493

$78,743

$56,493

Financial Risk Management Policies The Association's finance director is responsible for, amongst other issues, monitoring and managing

financial risk exposures of the Association. The finance director’s overall risk management strategy seeks to ensure the Association meets its financial targets, whilst minimising potential adverse effects of cash flow shortfalls.

(a) Credit Risk The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance

date to recognised financial assets is the carrying amount, net of any provisions for doubtful debts, as disclosed in the statement of financial position and notes to the financial statements. The Association does not have any material credit risk exposure to any single debtor or group of debtors under financial instruments entered into by the Association.

(b) Net Fair Values Methods and assumptions used in determining net fair value.

The net fair values of assets and liabilities approximates their carrying value. No financial assets and financial liabilities are readily traded on organised markets in standardised form. Financial assets where carrying amount exceeds net fair values have been written down to the net fair value. The aggregate net fair values and carrying amounts of financial assets and liabilities are disclosed in the statement of financial position in these notes.


STATEMENT BY MEMBERS OF THE BOARD

In the opinion of the Board the financial statements, being the statement of profit or loss and other comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and notes thereto:

1. presents a true and fair view of the financial position of New South Wales Women’s Bowling Association Inc. as at 30th June 2014 and its performance for the year ended on that date in accordance with Australian Accounting Standards (including Australian Accounting Interpretations) of the Australian Accounting Standards Board and the requirements of the Associations Incorporation Act 2009; and

2. at the date of this statement, there are reasonable grounds to believe that the New South Wales Women’s Bowling Association Inc. will be able to pay its debts as and when they fall due.

This statement is made in accordance with a resolution of the Board and is signed for and on behalf of the board by:

R Procter (President)

A Emms (Director – Finance Portfolio)

Sydney, 18th August 2014

INDEPENDENT AUDIT REPORT TO THE MEMBERS OF


Report on the Financial Report

We have audited the accompanying financial report of New South Wales Women’s Bowling Association Inc. (the Association) which comprises the statement of financial position as at 30 June 2014 and the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory notes and the statement by members of the Board.

Board’s Responsibility for the Financial Report

The Board of the Association is responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Associations Incorporation Act 2009 and for such internal control as the board determines is necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial report, 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 report that gives a true and fair view 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 the Board, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

INDEPENDENT AUDIT REPORT TO THE MEMBERS OF


Auditor’s Opinion

In our opinion the financial report of New South Wales Women’s Bowling Association Inc. is in accordance with the Associations Incorporation Act 2009, including:

I. giving a true and fair view of the Association’s financial position as at 30 June 2014 and of its performance for the year ended on that date; and

II. complying with Australian Accounting Standards as disclosed in Note 1.

PRINGLE MORIARTY & CO. CHARTERED ACCOUNTANTS

S MORIARTY Suite 12C 44Oxford Road INGLEBURN NSW 2565

Dated this 18th day of August 2014

INDEPENDENT AUDIT SUPPLEMENTARY REPORT


In connection with our audit of the Association for the year ended 30th June 2014 we have also examined the additional financial data presented in the following page, being the detailed income and expenditure statement for the year of the Association. In our opinion such information is fairly presented in all material respects in relation to the financial statements taken as a whole, although it is not necessary for this information to be presented with the financial statements for them to show a true and fair view of the state of affairs or results of the operations of the Association.

PRINGLE MORIARTY & CO. CHARTERED ACCOUNTANTS

S MORIARTY Suite 12C 44 Oxford Road INGLEBURN NSW 2565

Dated this 18th day of August 2014


INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2014

NOTE 2014

2013

($)

($)

Income Annual Subscriptions 3 915,499

910,210

Coaching Clinics, Courses and Workshops

15,943

25,237 Events

125,283

124,974

Donations Received

0

0 Interest Received

119,843

121,613

Regional Fees

47,253

50,415 Profit on Stock Trading

2,021

419

Recouped Losses on Revaluation of Investments 2 261

0 Sponsorship and Grants

30,000

30,000

Sundry Income

667

811

1,256,770

1,263,679

Operating Expenses Auditors Remuneration 5 8,500

8,000

Board Development

2,198

3,465 Bowls Matters

126,218

138,560

Capitation - Bowls Australia

216,260

210,529 Cleaning

4,736

4,563

Events

90,340

94,826 Constitution New

0

8,644

Depreciation

46,571

46,301 Donations

1,500

1,000

General Expenses

16,686

19,655 Insurance

10,426

10,403

IT Expenses

25,296

10,537 Long Service Leave

2,960

3,487

Loss on Revaluation of Investments 4 0

2,341 Members' Cards

0

14,106

Occupancy Costs

39,951

36,113 Office Repairs and Maintenance

2,654

1,948

Out-of-Pockets - Officers

28,784

29,400 Postage

5,519

8,093

Presentations and Gifts

3,639

11,253 Printing and Stationery

12,128

12,774

Regional Expenses

31,876

26,848 Representative Expenses

73,369

71,484

Salaries

287,089

272,728 Sports Development Costs

55,664

50,373

Staff Hiring and Training

4,808

6,811 Superannuation

26,339

23,657

Telephone and Internet

9,622

9,799 Travelling

8,011

16,538

1,141,144

1,154,236

Net profit

$115,626

$109,443


WBNSW annual financial report 2013 14

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Transcript of WBNSW annual financial report 2013 14