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DIAL BEFORE YOU DIG VIC/TAS INC.

2014–15 Annual Report

KNOW WHO IS DAMAGING YOUR NETWORK?

Contents

Dial Before You Dig Vic/Tas Inc.35 Railway Road, Blackburn, Victoria 3130P: 03 9259 0100 F: 03 9877 0438ACN: A0027302Y ABN: 69 900 619 916

Contents 01

Chairman’s Report 02

State Manager’s Report 05

Board Members 08

Committee’s Report 09

Financial Statements 10

Notes to the Financial Statements 12

Income and Expenditure Statement 18

Statement by Members of the Committee 19

Compilation Report 20

Independent Audit Report 21

Cover photograph: smereka / Shutterstock.com

Dial Before You Dig Annual Report 2014–15 1

2 Annual Report 2014–15 Dial Before You Dig

In my third report as Chair of Dial Before You Dig Vic/Tas, I have the pleasure of presenting the 2014–15 DBYD Vic/Tas Annual Report.

Highlights of DBYD Vic/Tas’s business and strategic outcomes during 2014–15• DBYD enquires increased by 20.5% to 315,600 (1,302,000

nationally) of which 89% were requested via DBYD’s online and mobile platforms.

• This resulted in over 1,679,600 DBYD referrals being sent to members across Victoria and Tasmania.

• The delivery of over $400,000 in fee reductions to members in 2014–15 (based on 13/14 pricing and volumes) with a similar amount anticipated for 2015–16.

• The team added 14 new Vic/Tas DBYD members growing the association to 257 members, with approximately 220 being asset owners.

• The continuation of our three-year strategic plan to deliver ongoing savings to members whilst expanding DBYD’s role in damage minimisation programs.

• DBYD Safe Excavation Training and Awareness sessions were delivered to more than 2,800 targeted contractors across the construction, electrical, communications, training and local government industries. The team also spread the safe excavation message at 14 tradeshows and conferences across Victoria and Tasmania, patronised by many thousands of visitors and registered delegates.

• Facilitated workshops for contractors and members have been delivered during the year on request. Assistance from our members has been invaluable, with representatives from Downer Tenix for Ausnet, Comdain Infrastructure for Multinet Gas, Zinfra for TasGas Pipelines, Telstra, Yarra Valley Water, and Energy Safe Victoria. We thank these members for their contributions and assistance in our ongoing program to reduce damage to underground infrastructure.

In my 13/14 Chair’s Report, I spoke of the Association’s strong promotion of DBYD as being The Essential First Step for the construction and excavating industries, State and Local Governments, Water Authorities, NBN and the wider community for the protection of workers and underground assets.

I am pleased to advise that the Board and DBYD team have again continued to focus on providing improved services, governance and support for all DBYD members and users. Our ultimate aim is to improve safety within the excavation community and eliminate instances of damage to underground infrastructure.

Key 14/15 priorities for DBYD Vic/Tas and other State and national DBYD organisations have included: the enhancement and delivery of DBYD awareness and marketing programs; an initiative to develop a low cost DBYD response solution for smaller members; DBYD Demand and Awareness Research; the development of Plan Consolidation and Collation services; facilitation of standardised plans across the Tasmanian water sector; and the implementation of a new national accreditation process for Telstra locators led by Telstra and DBYD Qld.

The Association of Australian Dial Before You Dig Services (AADBYDS) provides DBYD Vic/Tas with marketing, IT, Web, Call Centre and business services via a Service Contract and other contract arrangement. This continues to deliver ongoing cost efficiencies and service improvements for all members and users.

Chairman’s Report


• We continued our Rural Communities Sponsorship Program, driving awareness of the DBYD message by supportive engagements with rural communities through their local sporting and community organisations across rural Victoria and Tasmania.

• Several co-branding initiatives were undertaken with members, reinforcing the damage prevention message across shared audiences and stakeholders.

• The first ever Vic/Tas DBYD Outdoor Contractors day was held in February, attracting participation by many of our members in a unique knowledge sharing initiative.

• The annual DBYD Technology Forum was attended by a cross-section of every membership class and hosted speakers from the energy sector, civil construction and the DBYD service. A new DBYD training kit, updated to include our new Mobile Web platform, was developed and issued to RTOs across Victoria for inclusion in their construction industry programs. Today, more than 20 Victorian RTOs have adopted the DBYD kit for their training. The kit has also been delivered to a large number of civil contractors and members as part of their safety toolbox deliverables.

• Continuing industry engagement with multiple peak bodies across the wider excavation sector, including Municipal Works Operations Association, Local Government Association of Tasmania, National Electrical and Communications Association, Master Builders Association (Victoria and Tasmania), Housing Industry Australia (Victoria and Australia), Tasmanian Farmers and Growers Association, Victorian Farmers Association and the Civil Contractors Federation (Victoria and Tasmania) IPWEA Victoria, and Municipal Association of Victoria.

In order to ensure the long-term viability of the organisation, appropriate checks and balances are in place to ensure that our Board, team and AADBYDS continue to deliver on our responsibilities to the Vic/Tas Association.

These programs include:

• Effective Board and Executive Sub-committees

• Ongoing policy and procedures reviews

• Governance reviews

• Investment, finance strategy and reporting

• Operational and budget reviews

• Risk and Business Continuity planning

• Formal AADBYDS Service Contract performance reviews and renewal

• Strategic Planning reviews

• Active Director (Member and Co-opted) recruitment

• Training for Directors and our DBYD team.

In conclusion, I would like to acknowledge again the support of the Vic/Tas Directors and the national DBYD team over the past 12 months. Their ongoing commitment to the organisation and the objectives of the DBYD association have ensured we are in a strong position to deliver an ‘Essential Service’ to the Victorian and Tasmanian communities.

I look forward to the next 12 months as we move forward on a number of significant member and stakeholder engagement initiatives and further enhance our service delivery offerings.

Jason HarriganChair DBYD Vic/Tas Representative – Telecommunications Member Class


The 2014/15 year has seen the continuation of strong operational performance of DBYD, reflected in various performance metrics and feedback from our members, service users and other stakeholders.

State Manager’s Report

Business GrowthDuring 2014/15, the Association received 315,668 enquiries (21% increase on 2013/14), generating 1,679,685 referrals to members of the Association (23% increase on 2013/14).

There have also been some significant developments strategically, with the implementation of a new Vic/Tas Strategic Plan (2014-2018) and the arrival during the year of a new CEO of DBYD’s national business (Association of Australian Dial Before You Dig Services Ltd), Sophie Valkan.

2014–2018 Strategic PlanThe new Strategic Plan has served to concentrate the focus of the Vic/Tas Association on six key result areas:

Member RetentionA vital ingredient in the continuity and growth of the association and the ultimate indicator of satisfaction with the services delivered to our member base.

Increase MembershipMember acquisition is an essential element of the association’s growth path and necessary for the continuing goal of protecting underground services and alleviating community dislocation.

Retention of UsersValue to members requires that adoption of the service, by people engaged in excavation activities, is ongoing.

Increase User NumbersSuccessful promotion of safe digging practices will ensure that the Dial Before You Dig service is adopted more widely.

A Sustainable OrganisationOngoing integrity of the service is dependent on the successful management of the business for financial, social and environmental performance.

Growing our BusinessScope to improve safe excavation practices and damage minimisation exists in a broader context than the core 1100 service alone. Technology and stakeholder relationships offer opportunities for the association to expand its involvement and increase its value.

The Board and staff are focussed on these key areas as we deliver outcomes consistent with the mission and values of the organisation.

Referrals have also continued to increase in their proportion to enquiries. This measure reflects the continued growth in membership across Victoria and Tasmania and is the most fundamental measure of value derived from the Dial Before You Dig service by our customers and is achieved by continued growth in membership and expanding coverage of members’ networks by the DBYD system. The national comparison of referrals per enquiry reflects the successful work in recruiting and engaging members of the Vic/Tas Association over many years.

Annual Enquiries and Referrals

Referral per Enquiry

Jun 06 Jun 07 Jun 08 Jun 09 Jun 10 Jun 11 Jun 12 Jun 13 Jun 14 Jun 15

2014- 2015

2013- 2014

2012- 2013

2011- 2012

2010- 2011

2009- 2010

2008- 2009

2007- 2008

2006- 2007

0

n Member Referralsn User Enquiries

1.68M316K

262K1.37M

208K1.05M

186K904K

181K860K

164K773K

138K650K

134K627K

125K576K

500,000 1,000,000 1,500,000 2,000,000

6.0

5.0

4.0

3.0

2,0

1.0

0Num

ber o

f ref

erra

ls p

er D

BYD

Enq

uiry

VIC/TAS NSW/ACT WA SA/NT QLD


Mode of AccessThe trend towards online methods of enquiry lodgement has continued during the past year. An increasing proportion of our users are lodging enquiries via our mobile platforms (iPhone and Mobile Web) which allow in-situ lodgement from worksites. The mobile web platform is device independent technology and was launched during the year.

Looking forward, we recognise that technological developments may offer new opportunities to modernise delivery platforms and enable members to more efficiently provide information to service users.

Reduced Service Costs to MembersGrowth in service usage, memberships and referrals, as well as the trend to more cost-efficient enquiry lodgement methods over several years, has served to reduce the marginal costs of running the 1100 service. This has fed through to real savings to our members over the past six years, with average cost per referral falling from $2.25 to $1.79 in 2014/15.

The introduction of a new seven-tiered fee structure from 1 July 2014 has resulted in savings to members of more than $630,000 over the past twelve months. A further reduction has been implemented for 2015/16 and we expect that further cost savings to our members will be deliverable over the next one to three years based on moderate increases in service usage and membership growth.

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

Mode of Enquiry (snapshot)

Cost per Referral

Phone Web iPhone

Mobile Web (launched

Oct 14)

Fax (retired July 12)

90%80%70%60%50%40%30%20%10%0%

$2.40

$2.20

$2,00

$1.80

$1.60

$1.40

$1.20

$1.00

Tota

l enq

uirie

s

Cos

t per

Ref

erra

l

n June 2012 n June 2013 n June 2014 n June 2015

Cost per referral

Marketing

Productive engagement with our various stakeholder groups has been an important factor in the growth and evolution of the Association over the years. During this past year, we have enjoyed the support of peak bodies and agencies in promoting the 1100 service and the broader message of asset protection and safe excavation across Victoria and Tasmania. Marketing efforts have continued to mainly target the big four user segments of heavy excavation, trades, farming, and homeowners.

Awareness presentations across a wide range of industry sectors and training institutions have contributed to the

education of contractors, builders, municipal works crews, tradespeople, apprentices and trainees. Participation at various field days through the year assisted the promotion of our message to farmers and rural workers. Industry conferences and trade shows have also been used to communicate with specific industries and also to the wider public. The range of activities and their benefits largely depend on the hard work of our small crew, led by Jo Varley, and the enthusiastic support of several stakeholders who are similarly dedicated to promoting the safe excavation message and to encourage usage of the 1100 service.

State Manager’s Report (Continued)


New MembersThere were a total of fourteen approved applications for membership to the Dial Before You Dig Vic/Tas service throughout the year (equal to 2013/14). At 30 June, our total membership was 238, comprising:

Victoria Tasmania

Electricity 20 3

Local Government 53 13

Non asset owner 17 4

Oil and gas 37 4

Other asset owner 26 3

Telecommunications 32 2

Water 21 3

Infrastructure Damage Reporting SystemDial Before You Dig is committed to minimising the risk of damage to underground infrastructure and the risk of injury. Over the years, the number of people using our service has significantly increased and we believe that this has led to a significant decrease in the proportion of works that have resulted in damage to networks.

However, damages still occur, and we should all understand more about why.

To facilitate this, Dial Before You Dig has developed the Infrastructure Damage Reporting System, or IDR System. The IDR System is a software-based tool for our members to report and record damage incidents, analyse their own data, as well as consolidated non-sensitive industry data, to identify patterns and trends that will improve the understanding of how, where, when and why incidents happen.

The IDR System serves across all industries Australia-wide, allowing batch uploads or discrete uploads per occurrence over the internet via desktop or mobile devices, using a secure webform interface. All IDR System data is hosted in a secure on-shore environment, providing member access to their own respective data for analysis against national, industry and cross-sector trends etc. Currently, we have over 49,000 incidents recorded on the IDR System.

This figure is expected to grow substantially as our members across the country appreciate its importance and subscribe.

We need our asset-owning members to support the IDR System initiative by uploading their incident data. The ultimate positive outcome of this support will be improved safety and protection of people and infrastructure. Data collection will allow Dial Before You Dig to identify root causes, perform trend analysis and better educate all stakeholders so that damages can be reduced through better practices. The IDR System is completely free of charge to all Dial Before You Dig members.

Eamon Bowler State Manager Vic/Tas Dial Before You Dig

Infrastructure Damage Reporting System


Mr Haydn Moore (First appointed 28/11/2014)

Mr Moore represents the Other Asset Owners Class of members and is employed at Yarra Trams.

Mr David Sutcliffe (Term completed 28/11/2014)

Mr Sutcliffe represented the Local Government Class of members and is employed at Central Goldfields Shire Council.

Mr Frank Denino (Term completed 28/11/2014)

Mr Denino represented the Other Asset Owners Class of members and is employed at Yarra Trams.

Attendance at Board Meetings

Board Meetings

DirectorNo. Eligible

to AttendNo.

Attended

Jason Harrigan 5 5

Bob Seiffert 5 4

Karen Stiff 5 2

Christine Mucha 5 5

Greg Donald 5 4

Bruce Kellett 5 3

Ian Lambert 5 5

Ben Howell 3 3

Haydn Moore 3 3

Frank Denino 2 1

David Sutcliffe 2 1

Mr Jason Harrigan Chairman (First appointed 30/11/2005)

Mr Harrigan represents the Telecommunications Class of members and is employed at Telstra, with over 34 years’ experience in the telecommunications industry. Mr Harrigan has been Chairman since November 2012.

Ms Karen Stiff Deputy Chair (First appointed 01/03/2007)

Ms Stiff represents the Water Class of members and is employed at Yarra Valley Water. Ms Stiff has been Deputy Chair since December 2013.

Mr Bob Seiffert Treasurer (First appointed 25/02/2011)

Mr Seiffert is an Independent Director and formerly held CEO positions at Civil Contractors Federation, Country Fire Authority and several local government councils. Mr Seiffert has been Treasurer since December 2013.

Dr Christine Mucha (First appointed 17/09/2013)

Dr Mucha is an Independent Director and formerly held CEO positions at Hobart Water and Onstream.

Mr Greg Donald (First appointed 12/12/2013)

Mr Donald represents the Oil and Gas Class of members and is employed at Zinfra.

Mr Bruce Kellett (First appointed 12/12/2013)

Mr Kellett represents the Electricity Class of members and is employed at Jemena.

Mr Ian Lambert (First appointed 13/03/2014)

Mr Lambert represents the Non Asset Owner Class of members and is employed at Lambert Locations.

Mr Ben Howell (First appointed 28/11/2014)

Mr Howell represents the Local Government Class of members and is employed at Ballarat City Council.

Board Members


Statement of Comprehensive IncomeFor the year ended 30 June 2015

Note 2015 ($) 2014 ($)

Revenues from ordinary activities

2 3,064,212 3,025,309

Loss on sale of fixed asset

(143) (25,330)

Employee expense - -

Depreciation and amortisation expenses

(32,238) (36,193)

Enquiry and referral fees (1,131,940) (1,015,592)

Other expenses from ordinary activities

(1,440,620) (1,320,766)

Surplus/(deficit) before income tax expense

459,271 627,428

Income tax expense 1 - -

Surplus/(deficit) for the year

459,271 627,428

Other comprehensive income

Net gain on revaluation of financial assets

- -

Other comprehensive income for the year

- -

Total comprehensive income/(deficit) for the year

459,271 627,428

Total comprehensive income/(deficit) attributable to members of the entity

459,271 627,428


Statement of Financial PositionAs at 30 June 2015

Note 2015 ($) 2014 ($)

Current assets

Cash and cash equivalents

4 2,157,305 1,690,126

Receivables 5 560,792 504,579

Prepayments 6 16,844 35,407

Total current assets 2,734,941 2,230,112

Non-current assets

Property, plant and equipment

7 24,152 56,533

Total non-current assets 24,152 56,533

Total assets 2,759,093 2,286,645

Current liabilities

Payables 8 263,816 250,638

Provisions 9 - -

Total current liabilities 263,816 250,638

Non-current liabilities

Provisions 9 - -

Total non-current liabilities

- -

Total liabilities 263,816 250,638

Net assets 2,495,277 2,036,007

Equity

Retained funds 2,495,277 2,036,007

Total equity 2,495,277 2,036,007

Statement of Changes in EquityFor the year ended 30 June 2015

Retained earnings ($)

General reserves ($) Total ($)

Balance at 30 June 2013 1,408,578 - 1,408,578

Surplus for the year

$627,428 - $627,428

Balance at 30 June 2014 2,036,006 - 2,036,006

Surplus for the year

$459,271 - $459,271

Balance at 30 June 2015 2,495,277 - 2,495,277

Statement of Cash FlowsFor the year ended 30 June 2015

Note 2015 ($) 2014 ($)

Cash flows from operating activities

Receipts from customers 3,255,513 3,257,942

Interest received 43,062 32,397

Payments to suppliers and employees

(2,831,396) (2,657,109)

Net cash provided by (used in) operating activities

10 467,179 633,230

Cash flows from investing activities

Proceeds from sale of property, plant and Equipment

- 23,027

Payments for property, plant and equipment

- -

Proceeds from repayment of loans by related parties

- -

Net cash provided by (used in) investing activities

- 23,027

Cash flows from financing activites

Net cash provided by (used in) financing activities

Net increase (decrease) in cash held

467,179 656,257

Cash at beginning of year 1,690,126 1,033,869

Cash at end of year 10 2,157,305 1,690,126


1 Statement of Significant Accounting Policies

The financial statements are general purpose financial statements that have been prepared in accordance with applicable Australian Accounting Standards, Australian Accounting Interpretations and the other authoritative pronouncements of the Australian Accounting Standards Board and the Act.

The financial statements have been prepared on an accrual 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 following is a summary of the material accounting policies adopted by the Association in the preparation of the financial report. The accounting policies have been consistently applied, unless otherwise stated.

InvestmentsNon-current investments are measured on the cost basis. The carrying amount of investments is reviewed annually by the Committee to ensure it is not in excess of the recoverable amount of these investments. The recoverable amount is assessed from the quoted market value for shares in listed companies. The expected net cash flows from investments have not been discounted to their present value in determining the recoverable amounts.

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

Plant and EquipmentPlant and equipment is measured on the cost basis and is therefore carried at cost less accumulated depreciation and any accumulated impairment losses. In the event the carrying amount of plant and equipment is greater than its estimated recoverable amount, the carrying amount is written down immediately to its estimated recoverable amount. A formal assessment of recoverable amount is made when impairment indicators are present.

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Association and the cost of the item can be measured reliably. All other repairs and maintenance are recognised in surplus or deficit during the financial period in which they are incurred.

The assets’ residual values and useful lives are reviewed and adjusted, if appropriate, at the end of 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.

DepreciationThe depreciable amount of all fixed assets including buildings and capitalised leased assets, but excluding freehold land, are depreciated on a straight line basis over their estimated useful lives to the economic association commencing from the time the asset is held ready for use. Properties held for investment purposes are not subject to a depreciation charge. Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements.

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

Class of fixed asset Depreciation rate

Plant and equipment 17% - 33.33%

Plant and equipment < $300 100%

Office furniture and equipment 5% - 33.33%

Motor vehicles 12.5%

Computer software 40%

Structural improvements 2.5%

Notes to the Financial StatementsFor the year ended 30 June 2015


Employee BenefitsThere are no employee benefits outstanding at the end of the financial year as all benefits are the responsibility of AADBYD as at 01 July 2012.

2015 ($) 2014 ($)

Annual leave - -

Long service leave - -

- -

Cash and Cash EquivalentsCash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the Statement of Financial Position.

RevenueInterest revenue is recognised on a proportional basis taking into account the interest rates applicable to the financial assets.

Revenue from the rendering of a service is recognised upon the delivery of the service to the customers.

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

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

Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the ATO is included with other receivables or payables in the Statement of Financial Position.

Cash flows are presented 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.

Trade and Other PayablesTrade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the Association during the reporting period that remain unpaid. The balance is recognised as a current liability with the amounts targeted to be paid within 30 days of recognition of the liability.

ProvisionsProvisions are recognised when the Association has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions recognised represent the best estimate of the amounts required to settle the obligation at the end of the reporting period.

Income TaxNo provision for income tax has been raised as the Association is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.


2 Revenue

2015 ($) 2014 ($)

Operating activities

Rendering of services 3,021,150 2,992,912

Non-operating activities


3,064,212 3,025,309

3 Surplus from Ordinary Activities

2015 ($) 2014 ($)

Surplus/(Deficit) from ordinary activities has been determined after:

Auditor remuneration

Auditing the financial report 7,045 9,900

Total auditor remuneration 7,045 9,900

Depreciation of non-current assets

Depreciation and amortisation 32,238 36,193

Total depreciation 32,238 36,193

Advertising and strategic projects

Marketing 561,635 468,981

Strategic projects 139,511 98,328

Total advertising and strategic projects

701,146 567,309

Revenue and net gains

Net loss on disposal of plant and equipment

(143) (25,330)

Notes to the Financial Statements (Continued)

4 Cash Assets

2015 ($) 2014 ($)

Undeposited funds 627 -

Cash at bank 403,620 562,553

ANZ Term Deposit - 6,882

ANZ Online Saver Account 229,378 225,000

ANZ Term Deposit 9876 41841 866,285 540,720

ANZ Term Deposit 9719 89528 657,395 354,971

2,157,305 1,690,126

5 Receivables

2015 ($) 2014 ($)

Current

Trade debtors 560,019 503,509

Less: provision for doubtful debts -

560,019 503,509

Sundry debtors

GST accrual 773 1,070

GST refund - -

GST adjustment - -

560,792 504,579

6 Prepayments

2015 ($) 2014 ($)

Current

Prepayments (subscriptions, marketing and insurances)

16,844 35,407

16,844 35,407


Notes to the Financial Statements (Continued)

7 Property, Plant and Equipment

2015 ($) 2014 ($)

Plant and equipment 19,716 19,716

Less: accumulated depreciation (19,230) (18,966)

486 750

Motor vehicles 0 0

Less: accumulated depreciation 0 0

0 0

Computer software 908 908

Less: accumulated depreciation (908) (893)

- 15

Office fit out costs 111,117 111,117

Less accumulated amortisation (92,622) (64,843)

18,495 46,274

Office furniture and equipment 21,049 21,589

Less: accumulated depreciation (15,878) (12,095)

5,171 9,494

Total property, plant and equipment 24,152 56,533

Movements in Carrying AmountsMovement in the carrying amounts for each class of property, plant and equipment between the beginning and end of the current financial year.

Plant and equipment ($)

Balance at the beginning of the financial year

56,533

Additions -

Disposals and adjustments (143)

Depreciation (32,238)

Carrying amount at the end of the year 24,152

8 Payables

2015 ($) 2014 ($)

Current

Trade creditors 223,137 200,959

Other creditors – accruals 8,500 29,491

Other creditors 12,500 -

GST adjustment 1,757 165

GST payable 17,922 20,023

Amounts withheld 263,816 250,638

9 Provisions

2015 ($) 2014 ($)

Current

Provision for holiday pay - -

Non-current

Provision for long service leave - -

- -


10 Cash Flow Information

2015 ($) 2014 ($)

Reconciliation of cash

Cash at the end of the financial year as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows:

Undeposited funds 627 -

Cash at bank 403,620 562,553

ANZ Term Deposit – Office Bond - 6,882

ANZ Online Saver Account 229,378 225,000

ANZ Term Deposit 9719 89528 657,395 354,971

ANZ Term Deposit 9876 41841 866,285 540,720

2,157,305 1,690,126

Reconciliation of net cash provided by operating activities

Surplus/(Deficit) from ordinary activities

459,271 627,428

Non-cash flows in surplus/ (deficit) from ordinary activities

Net loss on disposal of property, plant and equipment

143 25,330


Changes in assets and liabilities, net of the effects of purchase and disposals of subsidiaries

(Increase)/decrease in prepayments

18,563 (7,413)

(Increase)/decrease in receivables

(56,214) (59,794)

Increase/(decrease) in payables 13,178 11,483

Increase/(decrease) in other provisions

3

Cash flows from operations 467,179 633,230

11 Capital and Leasing CommitmentsAADBYD is responsible for rental commitments at 35 Railway Road, Blackburn, Victoria 3130.

12 Related PartiesFrom 1 July 2012, the Association has entered into a service agreement with the Association of Australian Dial Before You Dig Services Limited for the provision of administrative, business operations, marketing functions and office space to the Association.

13 Segment ReportingThe Association operates predominantly in one business and geographical segment – being the provision of a referral service to members of the Association in Victoria and Tasmania.

14 Events after the Reporting PeriodThere have been no significant events subsequent to balance date.

15 Association DetailsThe registered office of the Association is: Dial Before You Dig Vic/Tas Incorporated 35 Railway Road Blackburn, Vic 3130.

The principal place of business of the Association is:

Dial Before You Dig Vic/Tas Incorporated 35 Railway Road Blackburn, Vic 3130.


2015 ($) 2014 ($)

Revenue

ANZ Business One Rewards 220 191

Fees received 3,010,930 2,980,221

Marketing contributions 10,000 12,500

3,021,150 2,992,912

Other revenue


Loss on sale of non-current assets (143) (25,330)

42,919 7,067

3,064,069 2,999,979

2015 ($) 2014 ($)ExpenditureAADBYDS fixed costs 554,499 -

Accountancy fees 10,630 8,180

Auditor’s remuneration 7,045 9,900

Marketing 561,635 468,981

Bank charges 1,019 1,083

Bad debts written off - 450

Consultancy costs - 23,502


DBYD enquiry costs 279,326 574,217

DBYD area of interest (AOI) updates

12,569 12,648

DBYD iPhone licence fees - 5,842

Donations 740 15,000

Entertainment expenses - -

Insurance 6,743 6,667

Independent director remuneration

11,130 9,275

Legal costs - 3,240

Interest paid 310 525

Management fees 650,004 625,704

Meeting costs 22,432 16,545

Motor vehicle expenses -

Project management support and development

9,277 -

Referrals – dig safe 285,546 441,375

Training costs 5,280 656

Strategic projects 139,511 98,328

Subscriptions 4,009 4,897

Travelling expenses 10,855 9,343

-

2,604,798 2,372,551

2015 ($) 2014 ($)

Surplus/(Deficit) from ordinary activities

459,271 627,428

Retained surplus at the beginning of the financial year

2,036,006 1,408,579

Retained surplus at the end of the financial year 2,495,277 2,036,007

Income and Expenditure StatementFor the year ended 30 June 2015


Compilation Report

DIAL BEFORE YOU DIG VIC/TAS INC. ABN 69 900 619 916

COMPILATION REPORT

We have compiled the accompanying general purpose financial statements of DIAL BEFORE YOU DIG VIC/TAS INC. which comprise the statement of financial position as at 30 June 2015, and the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year ended 30 June 2015, a summary of significant accounting policies and other explanatory notes. These have been prepared in accordance with the financial reporting framework described in Note 1 to the financial statements. The responsibility of the committee of management The Committee of Management is solely responsible for the information contained in the general purpose financial statements and has determined that the basis of accounting adopted is appropriate to meet the needs of the committee of management for the purpose of complying with the association's constitution. Our responsibility On the basis of information provided by the committee of management we have compiled the accompanying general purpose financial statements in accordance with the basis of accounting and APES 315: Compilation of Financial Information. Our procedures use accounting expertise to collect, classify and summarise the financial information, which the Committee of Management provided, in compiling the financial statements. Our procedures do not include verification or validation of procedures. No audit or review has been performed and accordingly no assurance is expressed. The general purpose financial statements were compiled exclusively for the benefit of the committee of management. We do not accept responsibility to any other person for the contents of the general purpose financial statements. Name of Firm: Nicholson Partners Certified Practising Accountants Name of Partner: _________________________________________________________ Santo Mancuso Address: 831 High Street, Thornbury Vic 3071 Dated this .. day of . 2015.

15 October

KNOW WHO IS DAMAGING YOUR NETWORK?

Call (03) 9259 0100 for more information, or to arrange a demonstration

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- Produce annual, monthly and on demand reports to enable better understanding of how and why damages are occurring

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- A free industry service

Infrastructure Damage Reporting System (IDRS)

www.1100.com.au

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