ovens & murray football netball league annual report 2010

WorkSafe Victorian Country Football League

www.omfl.vcfl.com.au

annual report

Special thanks to the following for their assistance, sponsorship and support throughout the 2010 season

Donors & PromotorsWorksafe Victorian Country Football League

The Border Mail Midweek Express Wangaratta Chronicle OAK FM Yarrawonga Chronicle Weekly Times Ten 73 FM Edge FM The River FM Star FM ABC Goulburn Murray 3NE 1566 AM Corowa Free Press Southern Cross Ten Myrtleford Times WIN TV

Acknowledgements

Albury Wodonga

Acknowledgements

Special thanks to the following for their assistance, sponsorship and support throughout the 2009 season.

Principal partner

Major partner

Support partners

Media Partners

The Border Mail Wangaratta Chronicle Midweek Express OAK FM

Endorsed Suppliers

Commonwealth Bank Burley Sekem Lyon Sportswear Coca-Cola Victor Sports

Donors & Promoters

Victorian Country Football League Southern Cross Ten Wangaratta Chronicle Corowa Free Press Yarrawonga Chronicle Myrtleford Times Weekly Times Star FM

Ten 73 FM 3NE 1566AM Edge FM ABC Goulburn Murray The River FM Win TV

AUSTRALIAN MADE AUSTRALIAN MADE AUSTALIAN MADE A

IAN MADE AUSTRALIAN MADE AUSTRALIAN MADE AUSTRAL

2010www.omfl.vcfl.com.au Report

SS&A Ovens & Murray Football Netball League

1. Agenda 2. Board Election3. Chairman’s Report4. General Manager’s Report5. Operation’s Report6. Football Interleague Report7. Netball Interleague Report8. Financial Report21. Football Premiership Season22. Football Grand Finals23. Netball Premiership Season24. Netball Grand Finals25. Club Best And Fairest Winners26. Hall Of Fame Inductees27. Office Bearers and Life Members28. Football & Netball Premiers30. Award Winners36. Club Details39. 2011 SS&A O&M Fixture

FOUNDED 1893VCFL Foundation Member 1927

208 FALLON STREET, NORTH ALBURY, NSW, 2640 Telephone: 02 60250622 Facsimile: 02 60250122

Email: omops@bigpond.net.au – omgm@bigpond.net.auwww.omfl.vcfl.com.au

Table of Contents

2010www.omfl.vcfl.com.au Page 1 Report

Notice of Annual General Meeting SS&A Ovens & Murray Football Netball League

Notice of Annual General MeetingTo be conducted at the

SS&A Club, Skylight Lounge (upstairs, Olive Street entrance), AlburyMonday 6th December 2010,

Commencing at 7.00pm.

Agenda1. Open Meeting

2. Present

3. Apologies

4. Minutes of previous Annual General Meeting

5. Correspondence

6. Annual Report and Financial Statement

7. Budget 2011

8. Reformation of Ovens and Murray Football Netball League

9. 2011 Election of Board

10. Appointment of Auditors

11. Life Membership

12. General Business

13. Chairman to close meeting

O&MFNL Board Election 2010 In accordance with O&M Constitution Rule 18 Clauses (a) to (j)

Report Page 2 www.omfl.vcfl.com.au2010

O&MFNL Board Election 2010 In accordance with O&M Constitution Rule 18 Clauses (a) to (j)

The following Director(s) are about to complete their current elected term. They will be required to seek re-election to the O&M Board (2 year appointment) and will have to be re-nominated before the 2010 election:

Kevin Jones (previously nominated by Lavington) Note, not seeking re-election•David Sinclair (previously nominated by North Albury)•Gavin Cator (casual vacancy)•

The following Director is about to complete his current appointed term. They will be required to seek re-appointment by the O&M Board (2 year appointment) and will have to be re-nominated after the AGM:

Lindsay Poy (appointed by O&M Board)•

The following Director(s) have one year to serve on the O&M Board:Greg Claney (nominated by Myrtleford) – Current Chairman•Graeme Patterson (nominated by Wodonga) – Current Vice Chairman•David Kefford (nominated by Albury)•

The following Director(s) have been appointed by the O&M Board (2 year appointment) at the completion of the 2009 AGM and have one year to serve on the O&M Board:

David Koschitzke (appointed by O&M Board)•

Netball Director Position - Election of the netball director will be conducted as outlined in the O&MFNL Netball Sub-Committee Terms of Reference

Kim Odewahn (previously nominated by O&MNA)•

Persons seeking election to the O&M Board are required to obtain a nomination form, have it signed by one of the seven eligible O&M member clubs1 and lodge their nomination form with O&M General Manager by 12:00noon Friday 19th November 2010.

Clubs who have previously nominated current members of the O&M Board whose terms extend beyond the 2010 AGM are not eligible for further nominations.

Chairman’s Report 2010

2010 saw Albury continue their sensational form to once again take top honours in the seniors and reserves. Wodonga Raiders managed to hold off a strong challenge from the Alpine Eagles to claim the third grade premiership. Perennial powerhouse Yarrawonga became back to back champions in A Grade netball while Albury were crowned B Grade Premiers and North Albury’s young guns claimed their eighth C Grade flag in 10 years.

The Morris Medal again came down to the wire with Wangaratta’s Jamie Allan taking out the league’s best and fairest in a thriller. Wodonga’s Tony Pierri wound back the clock to win the Doug Strang Medal. Rebecca Didier of Corowa-Rutherglen held of all comers to take out the Toni Wilson Medal.

Congratulations must go to Yarrawonga who took out the inaugural overall club championship. Albury won the football club championship while North Albury took out their sixth straight netball championship.

After a successful interleague campaign in 2009 old rivals Goulburn Valley left no stone unturned to retain the Ash-Wilson trophy. The O&M shot out of the blocks but failed to match it with the GV for the remainder of the encounter. While it was disappointment in the senior ranks the under 18’s once again proved the future is bright with a resounding win over their bitter foes.

This year we welcomed Aaron McGlynn to the Operations Officer role. After a career in the media Aaron has now found his feet with the league.

General Manager Tom O’Connor continues to take the league in a positive direction, with a number of new initiatives in 2010. The Morris Medal and Hall of Fame functions were once again a success and Grand Final day was without a doubt the highlight of the season once more which can be directly attributed to the hard work of Tom.

The success of the SS&A O&M as a whole is also attributed to the ongoing support from the numerous sponsors and supporters who continue to back the league.

•SS&AClub,PrincipalBusinesspartner•TrotmanAccountants•JacobToyota•PrimeTelevision•CommonwealthBank•RoadSafeNorthEast•14942AY•GenerationsPersonalandProfessionalAdvice•Qantaslink•BevmarksWodonga•JaycoAlbury-Wodonga•Coca-Cola•MorrisWines•VictorSports•Burley-Sekem

I must also thank each and every club that makes up the SS&A Ovens & Murray and the tireless work club presidents, committees and volunteers put in on a week to week basis. Without your efforts the O&M would not be what it is today.

To my fellow board members, may I thank you once again for your ongoing support. There are many ongoing challenges that face the league and it is encouraging that the league has such a committed and strong board to face these challenges.

With 2010 coming to a close we eagerly anticipate what 2011 will bring.

Greg ClaneyChairmanSS&A O&MFNL

Matt Fowler - 300 Senior football matches

Graeme Patterson - 2009 Life Member

Paula Cary - 300 A grade netball games

General Manager’s Report 2010

2010 has been another successful year for the SS&A Ovens & Murray Football Netball League. The year that had an element of deja vu about from 2009 with Albury once again prevailing over Yarrawonga in senior football and Yarrawonga once again accounting for Wangaratta Rovers in A grade netball.In addition to the on field highlights in 2010, the League continued to grow with a number of exciting projects, announcements and achievements taking place.Highlights of 2010 through the GM’s desk

•FacilitydevelopmentaroundtheLeague.•TheAblettPavilionbalconydevelopmentat

Myrtleford.•PaulaCarycourtandthenewgateentryatNorth

Albury. •TheGrandStandandnetballcourt

redevelopment at Albury.•AlburyCity’slightupgradeatLavington.•Finalconfirmationofthefundingforthe

Wangaratta showgrounds redevelopment.•FundingannouncementfortheWodongaBulldogs

netball court redevelopment. •2010SS&AOvens&MurrayGrandFinalDay.•PaulaCary-300AGradeOvens&MurrayNetball

games.•MattFowler-300SeniorOvens&Murrayand

representative games.•LifeMembershiptoLeagueViceChairman

Graeme Patterson.•2010HallofFameDinner.•2010MorrisMedalevening.•2010GrandFinalParade.•YarrawongawinningtheInauguralJaycoAlbury

Wodonga Club Championship.•Announcementbytheboardtointroducea4th

grade of netball in 2012As indicated above, there is some fantastic work being completed at Club level. It is a credit to the Ovens & Murray clubs, their volunteers and sponsors who in 2010, have once again produced some great results for their communities. The focus of the League earlier in the year was playing its role as a member of the NEUB and supporting the newly appointed director of coaching, Dale Gleeson. This involved recruiting the services of AFL Umpires Manager Jeff Gieschen to visit the area on two occasions; once to speak to the umpires; and a second time speaking to our coaches and club delegates. This was a worthwhile exercise that promoted the message of ‘umpiring is everyone’s business’ - a tag that I believe all clubs respected throughout the 2010 season.Once the season began, the focus of the League’s attention moved towards leadership and governance of clubs. This focus coincided with the release of the VCFL’s ‘For the love or Money?’ Player Remuneration Guide. The guide was developed to showcase best practise for country football netball clubs with education as its focal point. It was forwarded to each club and the League tracked the various chapters through the Critic on a weekly basis in order to educate and create discussions amongst clubs, their members and spectators. In addition to the guide, the League recruited the expertise of Our Community CEO Patrick Moriarty who spoke to all clubs on the importance of governance and having the appropriate checks and balances in place when leading

a club. Interesting points raised by Patrick included the Four Pillars of good governance – Accountability, Disclosure, Transparency and Independence. In 2011 the League plans to put some steps in place to improve the transparency between the clubs and the League. Once again the League sponsors and partners united behind the competition with principal partner the SS&A Club entering its second year of a three year deal, continuing its long association with Ovens & Murray Football and Netball. In the off season the Club appointed a new CEO in Tim Levesque. Tim is a local identity, not unfamiliar with the League, who brings some exciting entertainment experience to the club but also to the League. The League looks forward to continuing its great partnership with the Club and developing it further beyond 2011.The League introduced three new partners to the O&M community in 2010 with Jayco Albury Wodonga supporting the Club Championship Awards, Bev Marks Wodonga coming on board to support the Hot Shot awards and Generations, Personal and Professional Advice forming a valuable association with the League in sponsoring the club umpire uniforms. We thank them for their support and hope they enjoyed their first year with the League. To our other sponsors and supply partners of Trotman Accountants, KFC, Jacob Toyota, Prime TV, 2AY, QantasLink, Morris Wines, Commonwealth Bank, Coca Cola, Victor Sports, Lyon sportswear, and Burley Sekem - thank you.The League also thanks its numerous media partners in Prime TV, WIN TV, 2AY, 3NE, ABC, Oak FM, the Border Mail, Wangaratta Chronicle and Mid Week Xpress in providing fantastic media coverage to the League. Hall of Fame The 2010 Hall of Fame inductees included Wangaratta Rovers Laurie Burt, Wodonga’s Ernest Whitehead, Albury Tiger Terry Cross, Benalla’s Emmy De Fazio and late Magpies player Tim Lowe from Wangaratta. Once again the inductees stole the night and all spoke from the heart, sharing some great memories with everyone in the room. It was a fantastic evening and is certainly the premier evening on the O&M calendar. 285 guests shared the night which is a testament to the club support for the evening. Special thanks to Ron Montgomery, the Hall of Fame committee and MC on the night Phil Nolan, who once again added the personal touch and zest to the night.Morris Medal NightCongratulations to all our award winners on Morris Medal Night, especially the winner of the Morris Medal – Jamie Allan (Wangaratta), the Netball A Grade Best & Fairest winner Rebecca Didier (Corowa-Rutherglen) and the SS&A Rising Star and Diamond Star Luke McNeil (Lavington) and Saige Broz (Myrtleford).Grand Final ParadeThank you to the clubs, their players, supporters and the Schools who got behind the 2010 Grand Final Parade. Special mentions should go to Jacob Toyota, Albury City, the SS&A Club and Prime TV sports reporter Paul Murphy who contribute to the success of the event.

Continued next page...

Joining the league after the completion of round two wasn’t an ideal start following my appointment to the Operations Officer role and all credit to a relatively smooth start to the season must go to General Manager Tom O’Connor.

With a year of operations under the Sporting Pulse online system the majority of clubs hit the ground running in 2010 and congratulations must go to the volunteers at each of the league’s 10 clubs for having everything under control despite the absence of full time operational support. On a week to week basis numerous online work as well as paperwork needs to be completed and all clubs performed duties diligently and professionally. In 2011 we hope to reduce the amount of strain put on clubs in an operational sense. Much of the current paperwork will be minimilised and a greater emphasise will be placed on the online system.

2010 saw the implementation of club umpire uniforms. This was an initiative to bring a more professional appearance to the club umpire ranks and a greater sense of identity. Thanks to Generations Personal and Professional Advice and Vision Screen Printing for their assistance in this project. Coca-Cola also came on board to provide water carrier shirts part way through the season. All clubs were allocated five shirts with their own unique

identification number. While also looking more professional the numbering system was beneficial to clamp down on any issues that had arisen throughout the season. Both these initiatives are set to continue in 2011.

The 2010 finals series continued the success of recent years with only the weather not always agreeing to play its part. This season’s Grand Final drew the third biggest ever gate on record and was only just edged out of second place by the 2008 season decider. A pleasing side note to the finals series was the fairness displayed by all teams concerned. Not one player was carded or reported during this period with the independent tribunal left with nothing to do. This however wasn’t the case for the rest of the season with David Iverson’s team called into action on numerous occasions. Once again thanks must go out to this extremely competent group of gentleman who perform an invaluable service to the league. A plan has now been put in place between all parties involved with the tribunal process to ensure smooth running for the future. Below is a record of all judicial processes throughout 2010 and a comparison to past seasons.

Aaron McGlynnOperations OfficerSS&A O&MFNL

Total reports Not Guilty Reprimand Set Penalty Total Weeks SuspendedAlbury 3 1 - 1 2Corowa-Rutherglen 1 - - - 1Lavington - - - - -Myrtleford - - - - -North Albury 3 1 - 1 2Wangaratta 1 1 - - -Wangaratta Rovers 4 1 - - 4Wodonga 4 2 - - 5Wodonga Raiders 1 - - 1 -Yarrawonga 2 - 1 - 12010 Total 19 6 1 3 152009 Total 24 5 0 9 242008 Total 38 7 0 14 382007 Total 22 2 0 9 192006 Total 19 0 0 13 232005 Total 22 3 1 9 20

General Manager’s Report 2010 cont.

2011 SeasonWhat will 2011 hold for the SS&A Ovens & Murray Football Netball League? There does seem to be a youthful movement of players within the competition. Will we see more of this in 2011? I think so. Numbers will continue to be an issue at football reserve grade level and the key will be for clubs to continue to focus attention on all three grades of football. Clubs will need to continue to engage their local community, develop their facilities, and create a positive off field environment to compete for players in the region. The League’s commitment to 2011 will include supporting the netball community in developing coaches and umpires in preparation for the fourth grade of netball in 2012. Further investigations will continue with regard to establishing a fourth grade of football in the future. And finally the League will work closely with its clubs to foster a greater transparency between club and league relations to ensure that clubs are strong and the League continues to grow.In concluding I would like to extend a special thank

you to Aaron McGlynn, the Operations Officer for the SS&A O&M League. He hit the ground running, starting two weeks into the season and he has been an integral component and driver behind the success of 2010 football and netball season. Thank you to the tireless volunteers that assist the League annually with representative football and netball, the league tribunal, gate dragons, Hall of Fame, Morris Medal and League events. Thank you to the Board Chairman Greg Claney, Vice Chairman Graeme Patterson and all Board members for their support and vision for Ovens & Murray Football and Netball. The League is very fortunate to have a very experienced and professional board who volunteer their time to lead the SS&A Ovens & Murray Football Netball League.

Tom O’ConnorGeneral ManagerSS&A O&MFNL

Operation’s Report 2010

O&MFNL Football Interleague Report 2010

2010 was the introduction of a new VCFL promotion/relegation ranking that would see leagues potentially move up and down in ranking between 1 and 22.

The OMFNL hosted arch rival GV at Lavington for the Ash Wilson Trophy and trialled a night game in an effort to attract a larger crowd and show case country football. Unfortunately the district leagues did not accept the offer to play their game as part of the promotion. The crowd was lower than expected on a very cold evening.

The U18s held a three quarter time lead of 5 goals and kicked 10 goals straight in the first half. GV played an inspirational last quarter out scoring the O&M, but fell short 15 points. Final score was 15-11 to 12-8.

In the cold and dewy conditions, both sides played some excellent football and were strengthened by a number of players with senior experience.

The Ash Wilson trophy match saw the O&M kick away early to a 3 goal lead, but the GV settled and narrowed the gap at quarter time. In the second quarter, the GV structured better than the O&M and kicked 5 goals to nil, with their centreline and half backs completely dominating the game. Despite a better second half by the O&M, the damage had been done and GV went onto to win 12-16 to 9-10.

This means that in 2011 the O&M will play the winner of 5 Vs 6 so loses out significantly on ranking and must ensure a win in 2011 to avoid further relegation in ranking.

Congratulations to those players selected from the game that represented the VCFL at both senior and junior levels and to Matt Pendergast on gaining “All Australian” selection after representing NSW in the national carnival.

Continuing with his fine interleague record Matt has been appointed as senior coach for 2011. We thank

our 2010 interleague coaches Robbie Jackson (assistant coach at Wodonga Bulldogs), Adam Mudra (reserves coach Wodonga Bulldogs) for their efforts this year.

On behalf of the Board of management of the OMFNL, thank you to all clubs for the support provided to the campaign. Appreciation and thanks also go to all support staff and particularly the players who made themselves available and represented their clubs and league. The League will need to review the support provided by clubs and players given the very high standard required at Interleague level and the value of the results in recruiting and promotion.

The board would also like to recognise the contribution made by the Operations Manager Aaron McGlynn and General Manager Tom O’Connor.

Thanks to the various media outlets for ongoing support to football and netball and the extensive coverage we received.

Congratulations and thanks to the VCFL major sponsors Worksafe Victoria, our local sponsors in SS&A, Prime TV, Trotmans, Lyon Sportswear, Coca Cola, KFC, Jayco, Qantaslink, Bev Marks, 2AY, Victor Sports, Jacob Toyota and to the VCFL including Area Manager John O’Donohue.

The League also recognises the efforts of the Board Members and team of the GVFL in conducting a successful match.

We look forward to a more successful 2011.

Graeme PattersonVice Chairman & Interleague DirectorSS&A O&MFNL

SS&A Ovens & Murray Football Netball LeagueWorksafe Interleague report 2010.

SS&A OMFNL Vs Goulburn Valley held at Lavington 22nd May 2010 SeniorsCoach: Robbie JacksonSelectors: Justin McMahon and Mark SansonRunners: Jole Styles/Carl RogalskiSupport staff: Les O’Brien, Graeme Lester, Anthony Odewahn, Trevor Kuschert, Pat Gleeson, Graeme Barry, Lachie Rodd, Paul Tanner, Brett Saggers, Ben Dussin, David Oates and David Allen, Jenny WheelerNorm Minns Medallist: Matt Pendergast (Lavington Football Club)

Under 18s Coach: Adam MudraSelector: Terry BurgessRunner: Leigh SymonsSupport Staff: Shane Packer Peter Johnson Medallist: Nathan Cossignani (Alpine Eagles)

O&MFNL Netball Interleague Report 2010

2010 saw the Ovens & Murray Football Netball Open & Under 17 Representative Netball teams experience immense success once more.

Both teams progressed through from the North East Zone tournament to compete at the Victorian Association Championships held in Melbourne in June.

The Under 17 team was this year coached by Paula Cary and Tamara Mathews. It brought together a very talented and enthusiastic group of players who represented the O&M league with great excitement.

The team played at the North East tournament in May where they established themselves by winning the Under 17 section.

This saw the team progress through to the Association Championships where they finished first in their pool. The girls unfortunately bowed out in the Semi Finals but can be very proud of their efforts throughout the day.

The Most Valuable Player Award for the Under 17’s team went to Hannah Symes.

The Open side was once again coached by Fiona Boyer & Pauline O’Kane. The team had a new look about it this year with a number of players representing the O&M for the first time.

Yet again it was an exceptionally talented side, made up of the best players in the league. The side progressed straight through to the Association Championships in Melbourne after being only one of two teams that nominated for the North East Zone tournament.

The team played outstanding netball over the course of the day to cement a place in the final, for the third year running.

A slow start saw the team playing catch up, with time unfortunately beating them; the final margin being one

goal. The Most Valuable Player Award for the Open team was a tie between Sarah Davis & Ellie O’Kane.

Congratulations to all the girls who represented the Ovens & Murray Football Netball League in 2010. They did so with such hard work, determination, and pride.

Thankyou must also go to the ten clubs who supported representative netball in 2010, and who continued to encourage their players to take part in it.

A sincere thankyou once again to the following people who were part of the representative campaign the full coaching staff.

Kim Odewahn, Marion Patterson and Sarah Senini for managing the teams; Steve Senini for providing first aide; Chrissy Hooper & Jarrod Hibberson for umpiring; Tom O’Connor and Aaron McGlynn for organising and supplying food and drink, and for videoing the games; the local media outlets for their ongoing reporting and exposure of O&M netball; and the O&M Board for their continued support of representative netball.

Without the hard work and assistance provided by all of these people the league would not experience the success that it does year after year.

Once again the league is very proud of the achievements of 2010, and looks forward to ongoing success in 2011.

Tamara MathewsInterleague Netball Co-ordinatorSS&A O&MFNL

Netball Victoria Association ChampionshipsWorksafe Interleague report 2010.

SS&A OMFNL Vs Goulburn Valley held at Lavington 22nd May 2010 SeniorsCoach: Fiona Boyer and Pauline O’KaneManager: Sarah SeniniTrainer: Steve SeniniSupport Staff: Kim Odewahn and Marion PattersonMVP: Sarah Davis (Yarrawonga) and Ellie O’Kane (North Albury)

Under 17sCoach: Paula Cary and Tamara MathewsMVP: Hannah Symes (Yarrawonga)

Financial Report For the year ended 31 October 2010

Ovens & Murray Football Netball League LtdABN: 73 791 009 822

CONTENTS Page

Directors’ Report 9

Auditor’s Independence Declaration 10

Statement of Comprehensive Income 11

Statement of Financial Position 12

Statement of Changes in Equity 13

Statement of Cash Flows 13

Notes to the Financial Statements 14

Directors’ Declaration 19

Independent Audit Report 20

DIRECTORS’ REPORTYour directors present their report on the company for the financial year ended 31 October 2010. The names of the directors in office at any time during, or since the end of, the year are:

Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. The profit of the company for the financial year after providing for income tax amounted to $3,754.No significant changes in the state of affairs of the company occurred during the financial year.The principal activities of the company during the financial year were football and netball administration. No significant change in the nature of these activities occurred during the year.No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the company, the results of those operations, or the state of affairs of the company in future financial years.Likely developments in the operations of the company and the expected results of those operations in future financial years have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the company.The company’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a state or territory.Dividends have not been paid or declared as the league is a company limited by guarantee.No options over issued shares or interests in the company were granted during or since the end of the financial year as the league is a company limited by guarantee.No indemnities have been given or insurance premiums paid, during or since the end of the financial year, for any person who is or has been an officer or auditor of the company.No person has applied for leave of Court to bring proceedings on behalf of the company or intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or any part of those proceedings.The company was not a party to any such proceedings during the year. of those proceedings during the year.

DIRECTORS' REPORT

Your directors present their report on the company for the financial year ended 31 October

2010. The names of the directors in office at any time during, or since the end of, the year are:

Rodney Campbell retired

(7/12/2009) Gavin Cator

Gregory Claney

Kevin Jones

David Kefford appointed

(7/12/2009) David Koschitzke

Kim Odewahn

Graeme

Patterson

Lindsay Poy

David Sinclair

Directors have been in office since the start of the financial year to the date of this report unless otherwise

stated. The profit of the company for the financial year after providing for income tax amounted to $3,754.

No significant changes in the state of affairs of the company occurred during the financial year.

The principal activities of the company during the financial year were football and netball

administration. No significant change in the nature of these activities occurred during the year.

No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly

affect the operations of the company, the results of those operations, or the state of affairs of the company in future

financial years.

Likely developments in the operations of the company and the expected results of those operations in future financial

years have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice

to the company.

The company's operations are not regulated by any significant environmental regulation under a law of the Commonwealth

or of a state or territory.

Dividends have not been paid or declared as the league is a company limited by guarantee.

No options over issued shares or interests in the company were granted during or since the end of the financial year as

the league is a company limited by guarantee.

No indemnities have been given or insurance premiums paid, during or since the end of the financial year, for any

person who is or has been an officer or auditor of the company.

No person has applied for leave of Court to bring proceedings on behalf of the company or intervene in any proceedings

to which the company is a party for the purpose of taking responsibility on behalf of the company for all or any part of

those proceedings.

The company was not a party to any such proceedings during the year.

Director Information

Director

Position

Number of Meetings Eligible

to Attend

Number of Meetings

Attended

Rodney Campbell - Director 1 1

Gavin Cator - Director 11 9

Gregory Claney - Director & Chairman 11 8

Kevin Jones - Director 11 8

David Kefford - Director 10 8

David Koschitzke - Director 11 10

Kim Odewahn - Director & Netball Rep. 11 10

Graeme Patterson - Director & Deputy Chair 11 11

Lindsay Poy - Director 11 7

David Sinclair - Director 11 10

Auditor’s Independence Declaration

A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out

on page 10.

Signed in accordance with a resolution of the Board of Directors:

Graeme Patterson David Koschitzke

Dated this 15

th Day of November 2010

Rodney Campbell retired (7/12/2009) Gavin CatorGregory ClaneyKevin JonesDavid Kefford appointed (7/12/2009)

David KoschitzkeKim Odewahn Graeme Patterson Lindsay PoyDavid Sinclair

OVENS & MURRAY FOOTBALL NETBALL LEAGUE LTD

ABN: 73 791 009 822

AUDITOR’S INDEPENDENCE DECLARATION UNDER SECTION 307C OF

THE CORPORATIONS ACT 2001

TO THE DIRECTORS OF OVENS & MURRAY FOOTBALL NETBALL LEAGUE LTD

I declare that, to the best of my knowledge and belief, during the year ended 31 October 2010

there have been:

no contraventions of the auditor independence requirements as set out in the Corporations

Act 2001 in relation to the audit; and

no contraventions of any applicable code of professional conduct in relation to the audit.

STIRLINGS

Chartered Accountants

Jeffrey Stirling

Dated this 15

th day of November 2010

553 Kiewa Street, Albury, NSW

ABN: 73 791 009 822

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 OCTOBER 2010

Note 2010

Revenue

133,965

138,469

Other income 2 516,220 517,612

Employee benefits expense (107,530) (118,047)

Cost of sales (113,306) (139,520)

Umpire costs (131,569) (119,287)

Finals & interleague (75,310) (67,169)

Functions (37,570) (39,815)

Grant expenses (4,747) (8,246)

Netball expenses (45,315) (27,795)

Office expenses (19,685) (18,733)

Rebates (3,610) (11,695)

Distributions to Clubs (18,543) (15,497)

Sponsorship and marketing (10,376) (16,015) Depreciation and amortisation expense (8,780) (8,851)

Finance costs 3 (1,681) (5,895) Other expenses (68,409) (43,388)

Profit for the year

16,128

Other comprehensive income:

Other comprehensive income for the year, net of tax - -

Total comprehensive income for the year 3,754 16,128

Profit attributable to:

Members of the parent entity 3,754 16,128

Total comprehensive income attributable to:

Members of the parent entity

16,128

ABN: 73 791 009 822

AUDITOR’S INDEPENDENCE DECLARATION UNDER SECTION 307C OF

THE CORPORATIONS ACT 2001

TO THE DIRECTORS OF OVENS & MURRAY FOOTBALL NETBALL LEAGUE LTD

I declare that, to the best of my knowledge and belief, during the year ended 31 October 2010

there have been:

no contraventions of the auditor independence requirements as set out in the Corporations

Act 2001 in relation to the audit; and

no contraventions of any applicable code of professional conduct in relation to the audit.

STIRLINGS

Jeffrey Stirling

Dated this 15

553 Kiewa Street, Albury, NSW

ABN: 73 791 009 822

STATEMENT OF COMPREHENSIVE INCOME

Note 2010

Revenue

133,965

138,469

Other income 2 516,220 517,612

Employee benefits expense (107,530) (118,047)

Cost of sales (113,306) (139,520)

Umpire costs (131,569) (119,287)

Finals & interleague (75,310) (67,169)

Functions (37,570) (39,815)

Grant expenses (4,747) (8,246)

Netball expenses (45,315) (27,795)

Office expenses (19,685) (18,733)

Rebates (3,610) (11,695)

Distributions to Clubs (18,543) (15,497)

Sponsorship and marketing (10,376) (16,015) Depreciation and amortisation expense (8,780) (8,851)

Finance costs 3 (1,681) (5,895) Other expenses (68,409) (43,388)

Profit for the year

16,128

Other comprehensive income:

Other comprehensive income for the year, net of tax - -

Total comprehensive income for the year 3,754 16,128

Profit attributable to:

Members of the parent entity 3,754 16,128

Total comprehensive income attributable to:

Members of the parent entity

16,128

ABN: 73 791 009 822

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2010

ASSETS

CURRENT ASSETS

Note 2010 2009

Cash and cash equivalents 5 30,633 39,798

Trade and other receivables 6 39,958 29,701

Inventories 7 18,774 12,172

Other current assets 8 3,000 3,000

TOTAL CURRENT ASSETS 92,365 84,671

NON-CURRENT ASSETS

Property, plant and equipment 9 289,155 296,806

TOTAL NON-CURRENT ASSETS 289,155 296,806

TOTAL ASSETS 381,520 381,477

LIABILITIES

CURRENT LIABILITIES

Trade and other payables 10 14,446 20,183

Borrowings 11 18,473 19,932

Short-term provisions 12 7,327 3,842

TOTAL CURRENT LIABILITIES 40,246 43,957

TOTAL LIABILITIES 40,246 43,957

NET ASSETS 341,274 337,520

EQUITY

Reserves 94,864 94,864

Retained earnings 246,410 242,656

TOTAL EQUITY 341,274 337,520

ABN: 73 791 009 822

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2010

ASSETS

CURRENT ASSETS

Note 2010 2009

Cash and cash equivalents 5 30,633 39,798

Trade and other receivables 6 39,958 29,701

Inventories 7 18,774 12,172

Other current assets 8 3,000 3,000

TOTAL CURRENT ASSETS 92,365 84,671

NON-CURRENT ASSETS

Property, plant and equipment 9 289,155 296,806

TOTAL NON-CURRENT ASSETS 289,155 296,806

TOTAL ASSETS 381,520 381,477

LIABILITIES

CURRENT LIABILITIES

Trade and other payables 10 14,446 20,183

Borrowings 11 18,473 19,932

Short-term provisions 12 7,327 3,842

TOTAL CURRENT LIABILITIES 40,246 43,957

TOTAL LIABILITIES 40,246 43,957

NET ASSETS 341,274 337,520

EQUITY

Reserves 94,864 94,864

Retained earnings 246,410 242,656

TOTAL EQUITY 341,274 337,520

ABN: 73 791 009 822

STATEMENT OF CHANGES IN EQUITY

Note Retained Earnings

Revaluation

Reserve

Balance at 1 November 2008

Total comprehensive income for ther year

Revaluation increments/(decrements)

Balance at 31 October 2009

226,528 - 226,528

16,128 16,128

94,864 94,864

242,656 94,864 337,520 242,656 94,864 337,520

3,754 3,754

246,410 94,864 341,274

STATEMENT OF CASH FLOWFOR THE YEAR ENDED 31 OCTOBER 2010

Note 2010 2009

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers 673,832 732,338

Payments to suppliers and employees (679,273) (655,344)

Interest received 546 1,016 Finance costs (1,681) (5,895)

Net cash provided by/(used in) operating activities 13(a) (6,576) 72,115

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment (1,130) (303)

Net cash provided by/(used in) investing activities (1,130) (303)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from borrowings 20,000 -

Repayment of borrowings (21,459) (87,245)

Net cash provided by/(used in) financing activities (1,459) (87,245)

Net increase/(decrease) in cash held (9,165) (15,433)

Cash and cash equivalents at beginning of financial year 39,798 55,231

Cash and cash equivalents at end of financial year 5 30,633 39,798

The accompanying notes form part of these financial statements.

ABN: 73 791 009 822

STATEMENT OF CHANGES IN EQUITY

Note Retained Earnings

Revaluation

Reserve

Revaluation increments/(decrements)

226,528 - 226,528

16,128 16,128

94,864 94,864

242,656 94,864 337,520 242,656 94,864 337,520

3,754 3,754

246,410 94,864 341,274

STATEMENT OF CASH FLOWFOR THE YEAR ENDED 31 OCTOBER 2010

Note 2010 2009

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers 673,832 732,338

Payments to suppliers and employees (679,273) (655,344)

Interest received 546 1,016 Finance costs (1,681) (5,895)

Net cash provided by/(used in) operating activities 13(a) (6,576) 72,115

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment (1,130) (303)

Net cash provided by/(used in) investing activities (1,130) (303)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from borrowings 20,000 -

Repayment of borrowings (21,459) (87,245)

Net cash provided by/(used in) financing activities (1,459) (87,245)

Net increase/(decrease) in cash held (9,165) (15,433)

Cash and cash equivalents at beginning of financial year 39,798 55,231

Cash and cash equivalents at end of financial year 5 30,633 39,798

The accompanying notes form part of these financial statements.

Financial Report Notes to the financial statements for the year ended 31 October 2010

ABN: 73 791 009 822

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2010

Note 1 Summary of Significant Accounting Policies

Ovens & Murray Football Netball League Ltd is a company limited by guarantee, incorporated and domiciled in Australia.

Reporting Basis and Conventions

The directors have prepared the financial statements on the basis that the company is a non-reporting entity because there are no users dependent on general

purpose financial reports. This financial report is therefore a special purpose financial report that has been prepared in order to meet the requirements of the

Corporations Act 2001 .

The financial report has been prepared in accordance with the mandatory Australian Accounting Standards applicable to entities reporting under the Corporations Act

2001 and the significant accounting policies disclosed below which the directors have determined are appropriate to meet the needs of members. Such accounting

policies are consistent with the previous period unless stated otherwise.

The financial statements have been prepared on an accruals basis and are based on historical costs unless otherwise stated in the notes. The material accounting

policies that have been adopted in the preparation of this report are as follows:

Accounting Policies

Inventories

Inventories are measured at the lower of cost and net realisable value. Costs are assigned on the basis of weighted average costs.

(b) Property, Plant and Equipment Each class of property, plant and equipment is carried at cost or fair value as indicated less, where applicable, any accumulated depreciation and impairment

losses.

Property

Freehold 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.

In the periods when the freehold land and buildings are not subject to an independent valuation, the directors conduct directors’ valuations to ensure the land and

buildings’ carrying amount is not materially different to the fair value.

Increases in the carrying amount arising on revaluation of land and buildings are credited to a revaluation reserve in equity. Decreases that offset previous increases

of the same asset are charged against fair value reserves directly in equity; all other decreases are charged to the statement of comprehensive income.

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 less depreciation and impairment losses.

The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from these assets. The

recoverable amount is assessed on the basis of the expected net cash flows that will be received from the assets' employment and subsequent disposal. The

expected net cash flows have been discounted to their present values in determining recoverable amounts.

Depreciation

The depreciable amount of all fixed assets including buildings, but excluding freehold land, is depreciated over the asset’s useful life to the company commencing

from the time the asset is held ready for use.

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

Class of Fixed Asset

Depreciation Rate

Buildings 2.50% PC

Plant and equipment

Motor Vehicles

10 - 50% DV

18.75% DV

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

An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the statement of

comprehensive income. When revalued assets are sold, amounts included in the revaluation surplus relating to that asset are transferred to retained earnings.

Financial Instruments

Initial Recognition and Measurement

Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions of the instrument. For financial assets, this is

equivalent to the date that the company commits itself to either purchase or sell the asset (i.e. trade date accounting is adopted).

Classification and Subsequent Measurement

Finance instruments are subsequently measured at either fair value, amortised cost using the effective interest rate method or cost. Fair value represents the

amount for which an asset could be exchanged or a liability settled, between knowledgeable, willing parties. Where available, quoted prices in an active market

are used to determine fair value. In other circumstances, valuation techniques are adopted.

(i) Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently

Loans and receivables are included in current assets, except for those which are not expected to mature within 12 months after the end of the reporting period,

which will be classified as non-current assets.

(ii) Financial liabilities

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

Fair value

Fair value is determined based on current bid prices for all quoted investments. Valuation techniques are applied to determine the fair value for all unlisted

securities, including recent arm’s length transactions, reference to similar instruments and option pricing models.

Impairment

At each reporting date, the company reviews the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets

have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell and value in use,

is compared to the asset’s carrying value. Any excess of the asset’s carrying value over its recoverable amount is expensed to the income statement.

ABN: 73 791 009 822

Note 1 Summary of Significant Accounting Policies

Ovens & Murray Football Netball League Ltd is a company limited by guarantee, incorporated and domiciled in Australia.

Reporting Basis and Conventions

The directors have prepared the financial statements on the basis that the company is a non-reporting entity because there are no users dependent on general

purpose financial reports. This financial report is therefore a special purpose financial report that has been prepared in order to meet the requirements of the

Corporations Act 2001 .

The financial report has been prepared in accordance with the mandatory Australian Accounting Standards applicable to entities reporting under the Corporations Act

2001 and the significant accounting policies disclosed below which the directors have determined are appropriate to meet the needs of members. Such accounting

policies are consistent with the previous period unless stated otherwise.

The financial statements have been prepared on an accruals basis and are based on historical costs unless otherwise stated in the notes. The material accounting

policies that have been adopted in the preparation of this report are as follows:

Accounting Policies

Inventories

Inventories are measured at the lower of cost and net realisable value. Costs are assigned on the basis of weighted average costs.

(b) Property, Plant and Equipment Each class of property, plant and equipment is carried at cost or fair value as indicated less, where applicable, any accumulated depreciation and impairment

losses.

Property

Freehold 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.

In the periods when the freehold land and buildings are not subject to an independent valuation, the directors conduct directors’ valuations to ensure the land and

buildings’ carrying amount is not materially different to the fair value.

Increases in the carrying amount arising on revaluation of land and buildings are credited to a revaluation reserve in equity. Decreases that offset previous increases

of the same asset are charged against fair value reserves directly in equity; all other decreases are charged to the statement of comprehensive income.

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 less depreciation and impairment losses.

The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from these assets. The

recoverable amount is assessed on the basis of the expected net cash flows that will be received from the assets' employment and subsequent disposal. The

expected net cash flows have been discounted to their present values in determining recoverable amounts.

Depreciation

The depreciable amount of all fixed assets including buildings, but excluding freehold land, is depreciated over the asset’s useful life to the company commencing

from the time the asset is held ready for use.

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

Class of Fixed Asset

Depreciation Rate

Buildings 2.50% PC

Plant and equipment

Motor Vehicles

10 - 50% DV

18.75% DV

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

An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the statement of

comprehensive income. When revalued assets are sold, amounts included in the revaluation surplus relating to that asset are transferred to retained earnings.

Financial Instruments

Initial Recognition and Measurement

Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions of the instrument. For financial assets, this is

equivalent to the date that the company commits itself to either purchase or sell the asset (i.e. trade date accounting is adopted).

Classification and Subsequent Measurement

Finance instruments are subsequently measured at either fair value, amortised cost using the effective interest rate method or cost. Fair value represents the

amount for which an asset could be exchanged or a liability settled, between knowledgeable, willing parties. Where available, quoted prices in an active market

are used to determine fair value. In other circumstances, valuation techniques are adopted.

(i) Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently

Loans and receivables are included in current assets, except for those which are not expected to mature within 12 months after the end of the reporting period,

which will be classified as non-current assets.

(ii) Financial liabilities

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

Fair value

Fair value is determined based on current bid prices for all quoted investments. Valuation techniques are applied to determine the fair value for all unlisted

securities, including recent arm’s length transactions, reference to similar instruments and option pricing models.

Impairment

At each reporting date, the company reviews the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets

have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell and value in use,

is compared to the asset’s carrying value. Any excess of the asset’s carrying value over its recoverable amount is expensed to the income statement.

ABN: 73 791 009 822

Impairment testing is performed annually for goodwill and intangible assets with indefinite lives.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which

the asset belongs.

Derecognition

Financial assets are derecognised where the contractual rights to receipt of cash flows expire or the asset is transferred to another party whereby the entity no

longer has any significant continuing involvement in the risks and benefits associated with the asset. Financial liabilities are derecognised where the related

obligations are either discharged, cancelled or expire. The difference between the carrying value of the financial liability extinguished or transferred to another

party and the fair value of consideration paid, including the transfer of non-cash assets or liabilities assumed, is recognised in profit or loss.

(d) Employee Benefits

Provision is made for the company’s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee

benefits that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled.

(e) Cash and Cash Equivalents

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

months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position.

(f) Revenue and Other Income

Revenue is measured at the fair value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. Any

consideration deferred is treated as the provision of finance and is discounted at a rate of interest that is generally accepted in the market for similar arrangements.

The difference between the amount initially recognised and the amount ultimately received is interest revenue.

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. All

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

(g) Trade and Other Payables

Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the entity 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.

(h) Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of assets that necessarily take a substantial period of time to prepare for their

intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

All other borrowing costs are recognised in income in the period in which they are incurred.

(i) Goods and Services Tax (GST)

these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the

statement of financial position are shown inclusive of GST.

Cash flows are presented in the cash flow statement on a gross basis, except for the GST component of investing and financing activities, which are disclosed as

(j) Comparative Figures

When required by accounting standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year.

Where the company has retrospectively applied an accounting policy, made a retrospective restatement of items in the financial statements or reclassified items in

its financial statements, an additional statement of financial position as at the beginning of the earliest comparative period will be disclosed.

(k) Critical Accounting Estimates and Judgements

The directors evaluate estimates and judgments incorporated into the financial statements based on historical knowledge and best available current information.

Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the

(l) Adoption of New and Revised Accounting Standards

became mandatory.

AASB 101 Presentation of Financial Statements

The company has applied the revised AASB 101 Presentation of Financial Statements which became effective on 1 January 2009. The revised standard requires

the separate presentation of a statement of comprehensive income and a statement of changes in equity. All non-owner changes in equity must now be

presented in the statement of comprehensive income. As a consequence, the company has changed the presentation of its financial statements. Comparative

information has been re-presented so that it is also in conformity with the revised standard.

The company’s financial statements now contain a statement of comprehensive income.

(m) New Accounting Standards for Application in Future Periods

The AASB has issued new and amended Accounting Standards and Interpretations that have mandatory application dates for future reporting periods and which

the company has decided not to early adopt. A discussion of those future requirements and their impact on the company is as follows:

AASB amendment Standards

affected Outline of amendment Application

date of the

standard

Application

date for the

entity

Impact on the

AASB 9 Financial Instruments &

AASB 2009-11 Amendments to

AAS arising from AASB 9

AASB 1, 3, 4, 5, 7,

101, 102, 108, 112,

118, 121, 127, 128,

131, 132, 136, 139,

1023, 1038 and Interpretations 10 & 12

These standards are applicable retrospectively and amend the

classification and measurement of financial assets. 1-Jan-13 1-Jul-13 Insignificant

impact

AASB 124 Related Party

Disclosures AASB 124 This Standard removes the requirement for government related entities to

disclose details of all transactions with the government and other

government-related entities and clarifies the definition of a 'related party' to

remove inconsistencies and simplify the structure of the standard.

1-Jan-11 1-Jul-11 Insignificant

impact

AASB 2009-4, 2009-5

Amendments to AAS arising from

the Annual Improvements Project

AASB 2 & 138, and

Interpretations 9 &

These Standards detail numerous non-urgent but necessary changes to

accounting standards arising from the IASB’s annual improvements

project.

1-Jan-10 1-Jul-10 Insignificant

impact

The Company does not anticipate early adoption of any of the above Australian Accounting Standards.

ABN: 73 791 009 822

O&M apparel & ball stock 15,128 9,861 Medical stock 3,646 2,311

Note 2 Revenue and Other Income

2010 2009

Note $ $

Sales revenue

— sale of goods

133,419 137,453

Other revenue

— interest received

Total sales revenue and other revenue

2(b) 546 1,016

133,965 138,469

Other income

— Finals & interleague 168,254 188,583 — Umpire fees 124,887 120,604 — Sponsorship 98,650 85,993 — Functions 29,715 31,282 — Grant income 3,000 15,000 — Memberships 6,000 7,364 — Netball 35,439 25,622 — Rebates 4,009 14,487 — Rent 10,260 8,640 — other income 36,006 20,037

Total other income 516,220 517,612

(b) Interest revenue from:

— Financial institutions

546 1,016

Total interest revenue on financial assets not at fair value through profit of loss 546 1,016

Note 3 Profit for the year

Expenses

Cost of sales

Interest expense on financial liabilities not at fair value through profit or loss

113,306 139,520

— HBS Loan

Total finance costs

1,681 5,895

Note 4 Auditors’ Remuneration

Remuneration of the auditor for:

— auditing or reviewing the financial report 4,400 4,400

Note 5 Cash and Cash Equivalents

CURRENT

Hume operating account

O&M Energy account

O&M Water account

Netball account

Petty cash

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:

27,784 29,958

11 5,130

2,714 4,507

124 151

30,633 39,798

Cash and cash equivalents 30,633 39,798

30,633 39,798

Note 6 Trade and Other Receivables

CURRENT

Trade receivables 39,958 29,701 Total current trade and other receivables 39,958 29,701

Note 7

CURRENT

At cost

Inventories

18,774 12,172

Note 8

CURRENT

Other Assets

Prepayments 3,000 3,000

3,000 3,000

ABN: 73 791 009 822

Note 9 Property, Plant and Equipment

LAND AND BUILDINGS

Freehold land at:

2010 2009

— directors’ valuation 2009

80,000 80,000

Total land 80,000 80,000

Buildings at:

200,000 200,000

Accumulated depreciation (6,521) (1,521)

Total buildings 193,479 198,479

Total land and buildings 273,479 278,479

PLANT AND EQUIPMENT

Plant and equipment:

At cost 37,499 36,369

10,179 11,561

Motor Vehicles

At cost

(Accumulated depreciation)

28,623 28,623

(23,126) (21,857)

5,497 6,766

Total plant and equipment 15,676 18,327

Total property, plant and equipment 289,155 296,806

(a) Movements in carrying amounts

Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year

Plant and

Freehold Land

Buildings

Equipment

Motor Vehicles

Balance at 1 November 2008 40,000 147,929 14,233 8,328 210,490

Additions 303 303

Revaluation increments/(decrements) 40,000 54,864 94,864

Depreciation expense (4,314) (2,975) (1,562) (8,851)

Carrying amount at 31 October 2009 80,000 198,479 11,561 6,766 296,806

Additions 1,130 1,130

Note 10 Trade and Other Payables

2010 2009

CURRENT $ $

Unsecured liabilities

Trade payables 3,618 3,502

Sundry payables and accrued expenses 767 7,700

Employee benefits 2,830 2,002

Bartercard trading 7,231 6,979

10(a) 14,446 20,183

(a) Financial liabilities at amortised cost classified as trade and other payables

Trade and other payables

— Total Current

— Total Non-Current 14,446

- 20,183

Less annual leave entitlements 14,446

- 20,183

- Financial liabilities as trade and other payables 14,446 20,183

Note 11

CURRENT

Borrowings

Bank loan secured 11(b) 18,473 19,932

Total current borrowings 18,473 19,932

(b) The carrying amounts of non-current assets

pledged as security are:

Freehold land and buildings 273,479 278,479

273,479 278,479

ABN: 73 791 009 822

O&M apparel & ball stock 15,128 9,861 Medical stock 3,646 2,311

Note 2 Revenue and Other Income

2010 2009

Note $ $

Sales revenue

— sale of goods

133,419 137,453

Other revenue

— interest received

Total sales revenue and other revenue

2(b) 546 1,016

133,965 138,469

Other income

— Finals & interleague 168,254 188,583 — Umpire fees 124,887 120,604 — Sponsorship 98,650 85,993 — Functions 29,715 31,282 — Grant income 3,000 15,000 — Memberships 6,000 7,364 — Netball 35,439 25,622 — Rebates 4,009 14,487 — Rent 10,260 8,640 — other income 36,006 20,037

Total other income 516,220 517,612

(b) Interest revenue from:

— Financial institutions

546 1,016

Total interest revenue on financial assets not at fair value through profit of loss 546 1,016

Note 3 Profit for the year

Expenses

Cost of sales

Interest expense on financial liabilities not at fair value through profit or loss

113,306 139,520

— HBS Loan

Total finance costs

1,681 5,895

Note 4 Auditors’ Remuneration

Remuneration of the auditor for:

— auditing or reviewing the financial report 4,400 4,400

Note 5 Cash and Cash Equivalents

CURRENT

Hume operating account

O&M Energy account

O&M Water account

Netball account

Petty cash

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:

27,784 29,958

11 5,130

2,714 4,507

124 151

30,633 39,798

Cash and cash equivalents 30,633 39,798

30,633 39,798

Note 6 Trade and Other Receivables

CURRENT

Trade receivables 39,958 29,701 Total current trade and other receivables 39,958 29,701

Note 7

CURRENT

At cost

Inventories

18,774 12,172

Note 8

CURRENT

Other Assets

Prepayments 3,000 3,000

3,000 3,000

ABN: 73 791 009 822

Note 9 Property, Plant and Equipment

LAND AND BUILDINGS

Freehold land at:

2010 2009

80,000 80,000

Total land 80,000 80,000

Buildings at:

200,000 200,000

Total buildings 193,479 198,479

Total land and buildings 273,479 278,479

PLANT AND EQUIPMENT

Plant and equipment:

At cost 37,499 36,369

10,179 11,561

Motor Vehicles

At cost

(Accumulated depreciation)

28,623 28,623

(23,126) (21,857)

5,497 6,766

Total plant and equipment 15,676 18,327

Total property, plant and equipment 289,155 296,806

(a) Movements in carrying amounts

Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year

Plant and

Freehold Land

Buildings

Equipment

Motor Vehicles

Balance at 1 November 2008 40,000 147,929 14,233 8,328 210,490

Additions 303 303

Revaluation increments/(decrements) 40,000 54,864 94,864

Additions 1,130 1,130

Note 10 Trade and Other Payables

2010 2009

CURRENT $ $

Unsecured liabilities

Trade payables 3,618 3,502

Sundry payables and accrued expenses 767 7,700

Employee benefits 2,830 2,002

Bartercard trading 7,231 6,979

10(a) 14,446 20,183

(a) Financial liabilities at amortised cost classified as trade and other payables

Trade and other payables

— Total Current

— Total Non-Current 14,446

- 20,183

Less annual leave entitlements 14,446

- 20,183

- Financial liabilities as trade and other payables 14,446 20,183

Note 11

CURRENT

Borrowings

Bank loan secured 11(b) 18,473 19,932

Total current borrowings 18,473 19,932

(b) The carrying amounts of non-current assets

pledged as security are:

Freehold land and buildings 273,479 278,479

273,479 278,479

Financial Report Notes to the financial statements for the year ended 31 October 2010 OVENS & MURRAY FOOTBALL NETBALL LEAGUE LTD

ABN: 73 791 009 822

Opening balance at beginning of year 3,842 3,269 Additional provisions raised during year 6,215 1,350 Amounts used (2,730) (777)

Note 12

CURRENT

Provisions

Short-term Employee Benefits

Balance at end of the year 7,327 3,842

Note 13 Cash Flow Information 2010 2009

(a) Reconciliation of cash flow from operations

with profit after income tax

Profit after income tax 3,754 16,128

Non-cash flows in profit

Depreciation 8,780 8,851

Changes in assets and liabilities

(Increase)/decrease in trade and term debtors (10,257) 28,027 (Increase)/decrease in other assets - 27,500 (Increase)/decrease in inventories (6,635) 3,745 Increase/(decrease) in payables (5,703) (12,709) Increase/(decrease) in provisions 3,485 573

(6,576) 72,115

Note 14 Events After the Reporting Period

There are no significant events occurring after the reporting date likely to impact the affairs of the company in the future.

Note 15 Related Party Transactions

Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other persons unless otherwise

stated.

Note 16 Reserves

a. Revaluation Surplus

The revaluation surplus records revaluations of non-current assets.

Note 17 Members' Guarantee

The entity is incorporated under the Corporations Act 2001 and is an entity limited by guarantee. If the entity is wound up, the constitution states that each member is

required to contribute a maximum of $0.10 each towards meeting any outstandings and obligations of the entity. At 31 October 2010 the number of members was 19.

Note 18 Company Details

The registered office and principal place of business of the company is:

Ovens & Murray Football Netball League Ltd

208 Fallon Street

Albury

NSW 2640

Financial Report For the year ended 31 October 2010OVENS & MURRAY FOOTBALL NETBALL LEAGUE LTD

ABN: 73 791 009 822

Opening balance at beginning of year 3,842 3,269 Additional provisions raised during year 6,215 1,350 Amounts used (2,730) (777)

Note 12

CURRENT

Provisions

Short-term Employee Benefits

Balance at end of the year 7,327 3,842

Note 13 Cash Flow Information 2010 2009

(a) Reconciliation of cash flow from operations

with profit after income tax

Profit after income tax 3,754 16,128

Non-cash flows in profit

Depreciation 8,780 8,851

Changes in assets and liabilities

(Increase)/decrease in trade and term debtors (10,257) 28,027 (Increase)/decrease in other assets - 27,500 (Increase)/decrease in inventories (6,635) 3,745 Increase/(decrease) in payables (5,703) (12,709) Increase/(decrease) in provisions 3,485 573

(6,576) 72,115

Note 14 Events After the Reporting Period

There are no significant events occurring after the reporting date likely to impact the affairs of the company in the future.

Note 15 Related Party Transactions

Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other persons unless otherwise

stated.

Note 16 Reserves

a. Revaluation Surplus

The revaluation surplus records revaluations of non-current assets.

Note 17 Members' Guarantee

The entity is incorporated under the Corporations Act 2001 and is an entity limited by guarantee. If the entity is wound up, the constitution states that each member is

required to contribute a maximum of $0.10 each towards meeting any outstandings and obligations of the entity. At 31 October 2010 the number of members was 19.

Note 18 Company Details

The registered office and principal place of business of the company is:

Ovens & Murray Football Netball League Ltd

208 Fallon Street

Albury

NSW 2640

OVENS & MURRAY FOOTBALL NETBALL LEAGUE LTD ABN: 73 791 009 822

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF

We have audited the accompanying financial report, being a special purpose financial report, of Ovens & Murray Football

Netball League Ltd (the company), which comprises the statement of financial position as at 31 October 2010, and the

statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended,

a summary of significant accounting policies, other explanatory notes and the directors’ declaration.

The Responsibility of the Directors for the Financial Report

The directors of the company are responsible for the preparation and fair presentation of the financial report in

accordance with Australian Accounting Standards (including Australian Accounting Interpretations) and the Corporations

Act 2001 . This responsibility includes designing, implementing and maintaining internal controls relevant to the

preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or

error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the

circumstances.

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 judgment, 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 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 directors, 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.

Independence

In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001.

Auditor’s Opinion

In our opinion the financial report of Ovens & Murray Football Netball League Ltd is in accordance with the Corporations

Act 2001, including:

(a) giving a true and fair view of the company’s financial position as at 31 October 2010 and of its performance for the

year ended on that date; and

(b) complying with Australian Accounting Standards (including Australian Accounting Interpretations) and the

Corporations Regulations 2001 .

STIRLINGS

Jeffrey Stirling Dated this 15

2010 O&MFNL Football Premiership Season

Seniors - SS&A Cup

LADDER: P W L D F A % PtsAlbury 18 17 1 0 2343 1143 204.99 68Yarrawonga 18 16 2 0 1870 1140 164.04 64North Albury 18 12 6 0 1728 1333 129.63 48Wodonga Raiders 18 12 6 0 1588 1314 120.85 48Wangaratta Rovers 18 9 9 0 1462 1378 106.10 36Wangaratta 18 9 9 0 1521 1503 101.20 36Wodonga 18 7 11 0 1441 1522 94.68 28Lavington 18 6 12 0 1419 1570 90.38 24Corowa-Rutherglen 18 2 16 0 1148 1935 59.33 8Myrtleford 18 0 18 0 746 2428 30.72 0

Reserves - Jacob Toyota Cup

LADDER: P W L D F A % PtsAlbury 18 15 3 0 1847 1027 179.84 60Yarrawonga 18 14 4 0 1711 961 178.04 56Wangaratta Rovers 18 13 5 0 1434 941 152.39 52Wangaratta 18 11 7 0 1554 1061 146.47 44Lavington 18 10 8 0 1676 1081 155.04 40North Albury 18 10 8 0 1476 1292 114.24 40Wodonga Raiders 18 8 10 0 1517 1199 126.52 32Wodonga 18 5 13 0 1356 1401 96.79 20Myrtleford 18 4 14 0 1047 1742 60.10 16Corowa-Rutherglen 18 0 18 0 242 3155 7.67 0

Thirds - RoadSafe North East Under 18 Cup

LADDER: P W L D F A % PtsWodonga Raiders 18 14 4 0 1693 841 201.31 56Alpine Eagles 18 14 4 0 1355 731 185.36 56Wangaratta 18 14 4 0 1391 822 169.22 56Wodonga 18 13 5 0 1520 741 205.13 52Wangaratta Rovers 18 13 5 0 1339 836 160.17 52Lavington 18 9 9 0 1050 1008 104.17 36Yarrawonga 18 6 12 0 711 1450 49.03 24Albury 18 5 13 0 922 1219 75.64 20North Albury 18 1 17 0 602 1591 37.84 4Corowa-Rutherglen 18 1 17 0 465 1809 25.70 4