Endeavour Energy Annual Performance Report - Parliament of New ...

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04 253 apprentices employed by Endeavour Energy OUR people Above: Left to right: Second Year Apprentice, Michael Baiada, with Leading Hand Technologist, Graeme Sydenham, at Penrith Transmission Substation. Endeavour Energy understands that to achieve our business goals and deliver better value to our customers, we need an engaged and capable workforce that demonstrates our values and culture. During 2010–11 we grew our network workforce to support our capital investment program, and introduced a number of programs to develop the leadership and skills of our employees. Endeavour Energy employees Endeavour Energy’s workforce grew to 2,925 full-time equivalent staff in 2010–11. This represents an increase of 1.3% over the previous year. New appointments included 60 apprentices and 19 participants in engineering development programs. Our network workforce grew by 3.5% over the same period, as a result of a targeted recruitment campaign to support the network investment program. Performance indicator: Employee numbers 2006–2011 2,593 2006–07 2,760 2007–08 2,871 2008–09 2,888 2009–10 2,925 Employees 2006–07 2007–08 2008–09 2009–10 2010–11 2010–11 Total employees a 2,593 2,760 2,871 2,888 2,925 Increase (%) 5.5 6.4 4.0 0.6 1.3 a Employee numbers are based on full-time equivalents Note – this excludes Board Members 28
New apprentices vital to our workforce Sixty new Electrical Supply Industry distribution apprentices began in‐depth training at Endeavour Energy’s Hoxton Park Training Centre and Miller TAFE this year. These new apprentices were selected from more than 720 applicants from NSW and interstate. Endeavour Energy now employs 253 apprentices. Award-winning apprentices Endeavour Energy’s apprenticeships continue to be keenly sought and attract the best and brightest applicants. Trent Smith (South Western Sydney) and Ron McCloughan (Illawarra) claimed the prize for their regions in the best Electricity Supply Industry (ESI) Distribution/Cable Jointing category in 2011. In addition, we were declared joint runners-up with Bovis Lend Lease in the 2010 Minister’s Awards for Excellence in Apprenticeships (Sydney region), run by the Australian Government. The power workers of tomorrow: Endeavour Energy’s 2010 intake of First Year Apprentices. Registered training organisation (RTO) status In May 2011, the Vocational Education and Training Accreditation Board (VETAB) conducted an AQTF2007 compliance audit based on Endeavour Energy’s scope of registration as a training organisation. This was the third external audit conducted by VETAB since 2000 in which we achieved zero non-compliances. Our registration as a registered training organisation is now current until June 2016. People policies and practices Endeavour Energy is committed to building an engaged, capable workforce that will enable us to achieve our business priorities. The engagement of employees, the alignment of culture to business strategy and the building of organisational capability are three key areas of strategic focus that guide the development and implementation of a broad program of initiatives. These are discussed in more detail on page 17. Leadership and development programs Endeavour Energy has a clear view of the leadership capability we need to deliver our business strategy. It has been defined in our Leadership Competency Framework which in turn forms the basis of how we develop and manage the performance of our leaders. Leadership competency framework Development of leaders continues to be a major focus. We have rolled out programs for most management levels, and further programs targeting frontline leadership are in advanced stages of development. Endeavour Energy Annual Performance Report 2010–11 29
Page 1 and 2: ANNUAL PERFORMANCE REPORT 2010-11 I
Page 3 and 4: Contents LETTER TO SHAREHOLDING MIN
Page 5 and 6: YeAR at a Glance Items 2009-10 2010
Page 7 and 8: To that end, we pursued our second
Page 9 and 10: Endeavour Energy’s six strategic
Page 11 and 12: Performance indicator: lost time in
Page 13 and 14: Performance indicator: Capital expe
Page 15 and 16: Efficiency reviews to reduce costs
Page 17 and 18: Each year we investigate bushfire r
Page 19 and 20: STRATEGIC OBJECTIVE 6 - DELIVER PER
Page 21 and 22: Network Strategy Network business o
Page 23 and 24: Major works in progress 2010-11 con
Page 25 and 26: Major works in progress 2010-11 con
Page 27 and 28: The NSW Code of Practice - Demand M
Page 29: Network-related calls increased fro
Page 33 and 34: Equal employment opportunity As par
Page 35 and 36: Multicultural policies and services
Page 37 and 38: 06 8 % reduction in greenhouse emis
Page 39 and 40: Environmental management system Our
Page 41 and 42: ENDEAvoUR ENERGY’S GoveRNANCE AND
Page 43 and 44: EXECUTIve LEADERshIP TEAM Vince Gra
Page 45 and 46: 08 $ 245 m operating profit after t
Page 47 and 48: Debt Balance sheet debt increased b
Page 49 and 50: Directors’ Report For the yEAR en
Page 51 and 52: Statement of Comprehensive Income F
Page 53 and 54: Statement of Changes in Equity For
Page 55 and 56: Statement of Cash Flows For the yEA
Page 57 and 58: 2 Statement of Significant Accounti
Page 65 and 66: 4 Expenses 2011 $’000 2010 $’00
Page 67 and 68: 5 Gain/(loss) on sale of Retail bus
Page 69 and 70: 7 Deferred Tax (Assets)/Liabilities
Page 71 and 72: 8 Cash Flow Information continued (
Page 73 and 74: 9 Trade and Other Receivables conti
Page 75 and 76: 12 property Plant and Equipment con
Page 77 and 78: 13 Intangible Assets Software $’0
Page 79 and 80: 14 Employee Benefits - Superannuati
Page 81 and 82:
16 Other Current Liabilities 2011 $
Page 83 and 84:
21 Financial Instruments continued
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
23 Expenditure Commitments continue
Page 93 and 94:
27 prudential Requirements An unsec
Page 95 and 96:
Appendices Contents Five-year stati
Page 97 and 98:
Australian Financial Services Licen
Page 99 and 100:
Executive Remuneration General prin
Page 101 and 102:
Table A: Number of applications by
Page 103 and 104:
Implementation of Price Determinati
Page 105 and 106:
GLossARY The Australian Consumer La
Page 107:
Ausgrid LOCATIONS and contacts Kand
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