Broome Port Authority - Parliament of Western Australia

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6.4. Directors Meetings During the financial year Directors held six Directors’ meetings, four Accounting Risk and Audit meetings and five Strategic Management sub-Committee meetings. Directors’ attendance at these meetings is shown in the table below: Table 5 – Meetings attended by Directors Members Name Ian Burston (Chairman) Laurie Shervington (Chairman) Kim Male (Deputy Chairman) George Morris Marie Gamble Derek Albert Board Meetings held in 2010/11 6 6 6 6 6 6 Number of Board meetings attended in 2010/11 3 (due to retirement) 2 (due to commencement date) 5 5 6 6 Audit & Risk sub-Committee meetings held 4 4 4 4 4 4 Audit & Risk sub-Committee meetings attended 3 (due to retirement) 0 (due to commencement date) 4 3 4 4 Strategic Planning sub- Committee meetings held Strategic Planning sub- Committee meetings attended 5 5 5 5 5 5 4 (due to retirement) 0 (due to commencement date) 5 3 4 5 Page 28 of 79
6.5. Planned Achievements Planned Achievements Status FINANCE: a) Source funding for slipway capital works, emergency services infrastrucutre and land remediation; b) Examin potential customer revenue streams, and maximise revenue‐generation capability; and c) Produce a business model to operatee efficiently, cheaply, profitably and remain competitive against other ports. FINANCE: a) Future borrowings approved for emergency services infrastructure and land remediation; b) Fees and charges benchmarked and two new charges for navigation and infrastructure introduced to offset expenditure in these areas; and c) Business model reviewed and updated, and KPI's measured. PRICING AND CHARGES: a) Maximise revenue and profit from existing customer base. PRICING AND CHARGES: a) Fees and charges reviewed and increased generally by 3.5% to 5%, with pilotage charges increasing after a period without rise. FACILITATE TRADE: a) Conduct market surveys, reviews and analyse customer requirements and trade opportunities; b) Support establishment of an AQIS approved inspection facility; c) Market the Port to expand cargo volumes and broaden customer base; d) Collaborate with business, regulatory authorities and the local community; e) Explore opporuntites arising as an intermodel hub; and f) Investigate the feasibility of an artesian water bore as an alternative source of drill water. FACILITATE TRADE: a) Cusomter survey undertaken and new trade opportunities explored on an ongoing basis; b ) Land leased for the establishment of an AQIS approved insepction facility; c) Marketing activities conducted including advertising, and presentations at conferences/ /trade shows. Responded to stakeholder requirements in areas of training, services, plant and assets; d) Conductedd Port User Group, Logistics Working Group and other stakeholder meetings; e) Identified and progressed opportunities for expanding supply chain support activities; and f) Demand for water has declined hence sinking an artesian water bore is not required at this time. PERFORMANCE TARGETS: a) Implement a cost reduction strategy to minimise waste, increase productivty and effectiveness. PERFORMANCEE TARGETS: a) Strategy was successful particularly in relation to meeting cost constraints from an unexpected declining business base. PERSONNEL: a) Training plan concepts to be addressedd in regard to enhancing relationships with Yawuru people. PERSONNEL: a) BrPA was a signatory to the WA Government/ /Woodside agreement and consequently has an obligation towards training and employing a percentage of traditional owner employees for the proposed James Price Point Browse LNG Port Authority. Page 29 of 79
Page 1 and 2: BROOME PORT AUTHORITY 2011 ANNUAL R
Page 3 and 4: CONTENTS TABLES Table 1 - Agency Pe
Page 5 and 6: 2. CHAIRMAN’S REPORT Figure 2 - C
Page 7 and 8: 3. CEO’S REPORT Figure 3 - CEO Ca
Page 9 and 10: 4. AGENCY OVERVIEW 4.1. Agency Perf
Page 11 and 12: The State Records Act 2000 BrPA has
Page 13 and 14: • Salary Packaging Policy • IT
Page 15 and 16: 4.5. Organisational Structure MINIS
Page 17 and 18: 5. OPERATIONAL OVERVIEW 5.1. Operat
Page 19 and 20: 25.0 20.0 Hours 15.0 10.0 5.0 0.0 V
Page 21 and 22: 250,000 Tonnes 200,000 150,000 100,
Page 23 and 24: 5.3. Safety Review Commitment to Oc
Page 25 and 26: acceptable level of risk. BrPA has
Page 27: Dr Ian Burston AM - (retired) Chair
Page 31 and 32: 6.6. Dividends A dividend of $775,4
Page 33 and 34: 6.9. Strategy and Future Performanc
Page 35 and 36: Table 9 - Executive Emoluments 2010
Page 37 and 38: 8. STATEMENT OF FINANCIAL POSITION
Page 39 and 40: 10. STATEMENT OF CASH FLOW FOR THE
Page 41 and 42: 1. Basis of preparation a) Statemen
Page 43 and 44: 2. Summary of significant accountin
Page 45 and 46: f) Property, plant and equipment (i
Page 47 and 48: All impairment losses are recognise
Page 49 and 50: The Authority makes concurrent cont
Page 51 and 52: 3. Expenses by nature Operating exp
Page 53 and 54: 9. Other expenses 2011 2010 $'000 $
Page 55 and 56: 12. Cash & cash equivalents 2011 20
Page 57 and 58: Associated infrastructure At cost 2
Page 59 and 60: Furniture & Fittings Carrying amoun
Page 61 and 62: 15. Intangible Assets 2011 2010 $
Page 63 and 64: 2010 Fixed interest rate 1 year or
Page 65 and 66: 2011 $’000 Annual leave provision
Page 67 and 68: Correction of Prior Period Errors (
Page 69 and 70: 22. Financial instruments (i) Finan
Page 71 and 72: 2010 Financial Assets & Liabilities
Page 73 and 74: Net Maturity (12,966) 5,122 (369) (
Page 75 and 76: The present value of finance leases
Page 77 and 78: Directors’ declaration In the opi
Page 79:
Page 79 of 79
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Broome Port Authority - Parliament of Western Australia

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