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56 Ethical standards Our Board has adopted policies addressing the Country Energy Code of Conduct, conflicts of interest, gifts, protected disclosures, privacy and other ethical standards. These policies apply equally to the Board, management, employees and contractors. Code of conduct No changes were made this year to the Code of Conduct, which was introduced in December 2002. The code applies to all of our directors as well as management, employees, consultants and contractors who represent or undertake duties for the company. During the next 12 months, the code will be reviewed to incorporate a Code of Ethics and ensure it is more relevant to all employees. Freedom of information During the year, 14 applications were received under the Freedom of Information Act 1989. Number of applications received 14 Applications granted in full 9 Applications partially granted 1 Applications denied 4 No major issues arose in relation to our annual reporting compliance under the Act. Fair and unbiased recruitment A fair and unbiased recruitment and selection process is at the forefront of our employment program. To ensure employees have the opportunity to advance their careers, positions are advertised internally through our regular recruitment bulletin. External recruitment is undertaken if we are unable to attract suitably qualified internal applicants or require new skills. Licence compliance Licence compliance annual reports for our gas, electricity retail and distributor licences and safety performance were submitted to the Department of Energy, Utilities and Sustainability and the Independent Pricing and Regulatory Tribunal. As a contestable retailer in South Australia, Victoria and Queensland, compliance reports were also submitted to the energy regulator in each of these states, in accordance with current guidelines. Property disposal Six items of property were disposed of this year, with a combined value of $333,726. All were considered surplus to our operations and the proceeds were used to fund capital works projects. Access to documents relating to the disposal of land can be obtained under the Freedom of Information Act. Controlled entities EMMLINK Pty Limited (ACN 085 123 468) A wholly-owned subsidiary of Country Energy established in 1998 to undertake the Directlink project, a 50/50 joint venture between EMMLINK Pty Limited and Hydro Quebec International Australia. Directlink is a major transmission project between Mullumbimby and Terranora in north eastern New South Wales, forming an entrepreneurial interstate interconnector within the national electricity market. Country Energy Gas Pty Limited (formerly Great Southern Energy Gas Networks Pty Limited) (ACN 083 199 839) A wholly-owned subsidiary of Country Energy established in 1997 by Great Southern Energy to distribute and retail gas in Wagga Wagga and surrounding areas. NorthPower Energy Services Pty Limited (ACN 075 619 895) A wholly-owned non-operating subsidiary of Country Energy. COUNTRY ENERGY ANNUAL REPORT 2004–2005
Executive remuneration At the end of 2004-2005, Country Energy employed 51 executive officers with total remuneration packages equal to or exceeding the New South Wales Senior Executive Service Level 1, including five females. The following 12 executive officers received a total remuneration package equal to or exceeding New South Wales Senior Executive Service Level 5 – • Managing Director, Craig Murray $495,000 • Group General Manager Network Management, Ken Stonestreet $311,000 • Group General Manager Finance and Business Development, Justin De Lorenzo $303,000 • Group General Manager Retail, John Adams $292,000 • Group General Manager Service Delivery, Terry Miller $289,000 • Company Secretary, Ron Craggs $268,000 • Group General Manager Corporate Services, Terri Benson $259,000 • Group General Manager Corporate Operations, Gary Humphreys $254,000 • Group General Manager External Relations, Bill Frewen $248,000 • General Manager Network Services, Paul Brazier $218,000 • General Manager Network Strategy, Col Ussher $200,000 • General Manager Information Services, Patrick Cooper $200,000. All executives are subject to formal annual performance assessments based on clear accountabilities contained in written performance agreements. All of the executives listed above met or exceeded their performance criteria in 2004-2005. Country Energy’s executive remuneration policy excludes bonus and ‘at risk’ payments. No bonus payments were paid to any employee in relation to this reporting year. Equal opportunities Our commitment to creating an organisation that reflects the cultural and gender diversity of our customer base is formalised in our Equal Employment Opportunity (EEO) Plan, which also incorporates people with a disability and our Ethnic Affairs Priority Statement for 2004-2008. The following table shows the equal employment groups represented in the company at the end of 2004-2005. 57 Trends in representation of Equal Employment Opportunity (EEO) groups EEO Group Percentage of total workforce Benchmark or target 2002 2003 2004 2005 Women 50% 18% 21% 21% 21% Aboriginal and Torres Strait Islanders 2% 1.4% 2.7% 1.2% 3.4% People whose first language is not English 20% 1% 1% 0% 1% People with a disability 12% 4% 5% 5% 8% People with a disability requiring work-related adjustment 7% 0.6% 0.5% 1.3% 2.5% COUNTRY ENERGY ANNUAL REPORT 2004–2005
Page 1 and 2:
Becoming Australia’s leading util
Page 3 and 4:
Priorities in 2004-2005 Country Ene
Page 5 and 6: A leader in safety 5 COUNTRY ENERGY
Page 7 and 8: Detailed audit schedules have been
Page 9 and 10: Workers compensation In addition to
Page 11 and 12: A successful national retailer 11 C
Page 13 and 14: Looking inside We recognise that ou
Page 15 and 16: This resulted in the campuses reduc
Page 17 and 18: The best network manager 17 COUNTRY
Page 19 and 20: The table below highlights some exa
Page 21 and 22: • Large snowfalls in the Snowy Mo
Page 23 and 24: Vegetation management The managemen
Page 25 and 26: Information services In addition to
Page 27 and 28: A responsible environmental manager
Page 29 and 30: One of the most rewarding aspects o
Page 31 and 32: Our increasing involvement in proje
Page 33 and 34: Waste management A code of practice
Page 35 and 36: A valued part of the community 35 C
Page 37 and 38: Increased presence Our program of r
Page 39 and 40: Nu 1000 0 2002-2003 2003-2004 2004-
Page 41 and 42: Sponsorship spend $82,424 $125,000
Page 43 and 44: An employer of choice 43 COUNTRY EN
Page 45 and 46: Apprentices by region / operational
Page 47 and 48: Employees also initiated a fundrais
Page 49 and 50: Employee assistance program Country
Page 51 and 52: Our Executive Craig Murray - Managi
Page 53 and 54: Director Current appointment Board
Page 55: Risk management Country Energy appr
Page 59 and 60: Consultants A total of $1.3 million
Page 61 and 62: • Electricity Industry Act 2000 N
Page 63 and 64: Financial statements contents Indep
Page 65 and 66: Statement by Members of the Board 6
Page 67 and 68: Statement of Financial Position as
Page 69 and 70: Notes to the Financial Statements f
Page 97 and 98: Customer information The following
Page 99 and 100: Index A Achievements inside cover A
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