ASIC Form 388 Ref 94200332 Page 1 of 2

Australian Securities &Investments Commission

Electronic Lodgement

Document No. 7E7812726

Lodgement date/time: 23-03-2016 12:06:31

Reference Id: 94200332

Form 388Corporations Act 2001

294, 295, 298-300, 307, 308, 319, 321, 322Corporations Regulations

1.0.08

Copy of financial statements and reports

Company details

Company name

SYDNEY SWANS LIMITED

ACN

063 349 708

Reason for lodgement of statement and reports

A public company or a disclosing entity which is not a registered scheme orprescribed interest undertaking

Dates on which financialyear ends

Financial year end date31-10-2015

Auditor's report

Were the financial statements audited?

Yes

Is the opinion/conclusion in the report modified? (The opinion/conclusion inthe report is qualified, adverse or disclaimed)

No

Does the report contain an Emphasis of Matter and/or Other Matterparagraph?

No

Details of current auditor or auditors

Current auditorDate of appointment 27-02-2014

Name of auditorBDO EAST COAST PARTNERSHIP

AddressLEVEL 111 MARGARET STREET

Form 388 - Copy of financial statements and reportsSYDNEY SWANS LIMITED ACN 063 349 708

ASIC Form 388 Ref 94200332 Page 2 of 2

SYDNEY NSW 2000

Certification

I certify that the attached documents are a true copy of the original reportsrequired to be lodged under section 319 of the Corporations Act 2001.

Yes

Signature

Select the capacity in which you are lodging the formSecretary

I certify that the information in this form is true and complete and that I amlodging these reports as, or on behalf of, the company.

Yes

Authentication

This form has been submitted byName Timothy Frank LAINGDate 23-03-2016

For more help or informationWeb www.asic.gov.auAsk a question? www.asic.gov.au/questionTelephone 1300 300 630

BDO East Coast Partnership ABN 83 236 985 726 is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO East Coast Partnership and BDO (Australia) Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation, other than for the acts or omissions of financial services licensees.

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Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au

Level 11, 1 Margaret St Sydney NSW 2000 Australia

DECLARATION OF INDEPENDENCE BY PAUL CHEESEMAN TO THE DIRECTORS OF SYDNEY SWANS LIMITED

As lead auditor of Sydney Swans Limited for the year ended 31 October 2015, I declare that, to the best of

my knowledge and belief, there have been no contraventions of:

• The auditor independence requirements of the Corporations Act 2001 in relation to the audit; and

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

Paul Cheeseman

Partner

BDO East Coast Partnership

Sydney, 17 December 2015

BDO East Coast Partnership ABN 83 236 985 726 is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO East Coast Partnership and BDO (Australia) Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation, other than for the acts or omissions of financial services licensees.

Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au

Level 11, 1 Margaret St Sydney NSW 2000 Australia

INDEPENDENT AUDITOR’S REPORT

To the members of Sydney Swans Limited

Report on the Financial Report

We have audited the accompanying financial report of Sydney Swans Limited, which comprises the

statement of financial position as at 31 October 2015, the statement of profit or loss and other

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

ended, notes comprising a summary of significant accounting policies and other explanatory information,

and the directors’ declaration.

Directors’ Responsibility for the Financial Report

The directors of the company are responsible for the preparation of the financial report that gives a true

and fair view in accordance with Australian Accounting Standards – Reduced Disclosure Requirements and

the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable

the preparation of the financial report that gives a true and fair view and is free from material

misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We conducted our

audit in accordance with Australian Auditing Standards. Those standards require that we comply with

relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain

reasonable assurance about whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in

the financial report. The procedures selected depend on the auditor’s judgement, including the

assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In

making those risk assessments, the auditor considers internal control relevant to the company’s

preparation of the financial report that gives a true and fair view in order to design audit procedures that

are appropriate in the circumstances, but not for the purpose of expressing an opinion on the

effectiveness of the company’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.

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Independence

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

2001. We confirm that the independence declaration required by the Corporations Act 2001, which has

been given to the directors of Sydney Swans Limited, would be in the same terms if given to the directors

as at the time of this auditor’s report.

Opinion

In our opinion the financial report of Sydney Swans Limited 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 2015 and of its

performance for the year ended on that date; and

(b) Complying with Australian Accounting Standards – Reduced Disclosure Requirements and the

Corporations Regulations 2001.

BDO East Coast Partnership

Paul Cheeseman

Partner

Sydney, 17 December 2015