2009 Annual Report - Urological Society of Australia and New Zealand
2009 Annual Report - Urological Society of Australia and New Zealand 2009 Annual Report - Urological Society of Australia and New Zealand
Secretary’s report Pat Bary The Board of Directors (previously the Executive, pre 1 July 2009) of the Society met in the Gold Coast on 8 March 2009 and subsequently at the USANZ office in Sydney on 17 May, 16 August and 15 November 2009. The Board of Directors is now composed of 12 members of the Society. The President, Vice President, Past President, RACS representative and the ANZAUS representative are elected by the membership. The Policy Chair is nominated by the membership and elected by the Board of Directors (ratified by AGM). There are now two (2) external positions on the Board of Directors, one of them being filled by Alex Malley. Applications for the second position are currently being reviewed, following advertisement in the press. Each Section nominates and elects a representative who is ratified at the AGM, except where Section representation is already fulfilled by one of the above positions. The Secretary and Treasurer are selected from this group. Membership Since the last Annual Report, the following changes have occurred: Full Member: Jane MacDonald Lik-So (Carlo) Yuen Raymond Tong Peter Chong Sris Baskaranathan Alison Blatt Janelle Brennan Katherine Gray Andrew Hadley Malcolm Lawson Peter Liodakis Mark Louie-Johnsun Benjamin Martin Arvind Vasudevan Richard Wells Full Member Overseas: Malcolm Lawson Full Member Senior: Richard Nugent Geoffrey Buckham Laurence Harewood Trainee Member: Ahmad Ali Trenton Barrett Conrad Bishop Rick Catterwell Yi Yi Chen Janice Cheng Adam Davies Renu Eapen Martin Elmes Rachel Esler Ashani Fernando Daniel Gilbourd Ahmed Saeed Goolam Alistair Hepburn Paul Manohar Daniel Marshall Kevin McMillan George Mirmilstein Bradley Newell David Pan Imogen Patterson Handoo Rhee Kapil Sethi Shekib Shahbaz Philip Smith Daniel Steiner Yang Sun Rachel Thomson Matthew Threadgate Isaac Thyer Simon Van Rij Christopher Vernon Philippe Wolanski Eddy Wong Chew-Lin Yip Nadya York Homi Zargar Shoshtari Kamran Zargar Shoshtari Richard Johnston Ashani Fernando Charles Han Associate Member – Urological: Jon-Paul Meyer Siva Prasad Gourabathini Associate Medical Member: Warick Delprado Branimir Rajcik 10 Urological Society of Australia and New Zealand | Annual Report 2009 www.usanz.org.au
Associate Member – Scientific/Research: Colleen Nelson Mr Malte Wellhausen Provisional Member: Gias Ahmed Joseph Schoeman Santoshi Nagaonkar Christophe Chemasle Resignations: Greg Watters Reynold Noronha Ian Fletcher Petr Macek Kenneth Opeskin Alastair Tulloch ____________________________________ Treasurer’s report Pat Bary The consequences of the global financial crisis were felt throughout 2009. Despite this, USANZ produced a healthy operating result in 2009. For the large part, this was a timing matter with most of the financial support from the medical industry locked in and paid before the global financial crisis took hold in early 2009. In future years the support from the medical industry may decline as medical companies prune their marketing budgets to extract the best possible value they can. In such circumstances, the support by the USANZ members at USANZ functions is critical to maintaining industry support. Operations USANZ generated an operating surplus of $547,268.16. This is down compared to last years operating performance of $750,714.07. The decline in overall profitability is attributable to additional expenditure related to the implementation of the 2009-2011 Strategic Plan, which included the engagement of a media advisor and work on brand development. Other contributing factors were increased IT costs related to streamlining back office processes along with PAYWAY Net and shopping cart web development. Legal fees were also increased following the rewriting of the Constitution as well as a conservative provision for doubtful debts. In addition, costs of conducting USANZ activities have also increased but have been moderated by efficiency gains obtained over the year. It is anticipated that as USANZ continues to grow increasing costs will erode hard won efficiency gains. Financial Position During course of 2009 USANZ maintained its conservative cash investment strategy. As at 31 December 2009 our cash assets were $5,920,681.19 compared to $5,327,286.00 at the same time last year. There was an increase of $803,404.15 in interest bearing funds and the proportion of interest bearing funds earning 4% or better increased from 37.5% to 46.1% of cash assets. Total assets were up from $7,127,976.89 to $7,800,282.52 and net assets from $5,548,825.47 to $5,894,582.11. Factored into the numbers above is a unrealised gain from our Portfolio Investment of 8.40% from $616,809.92 to $668,626.47, recovering some of last year’s loss (this investment has been in place since 1999); and a restatement of the treatment of ANZAUS net assets. Cash Flow Net cash from operations has decreased from $1,530,875.16 in 2008 to $440,953.18 in 2009. Interest earnings have declined from $213,638.78 to $184,292.02 over the fiscal year. The surplus from the Gold Coast 2009 ASM was $555,672.36. Overall For 2009 members can be well pleased with the performance and accountability of the USANZ management team. In future years USANZ will face new challenges in the form of reduced financial support from the industry and increasing demands to produce and run high quality events with increasing delegates. USANZ has budgeted for a tough year in 2010 with expected falls in revenue streams including sponsorship which may be offset marginally by possible increases in interest earnings. Cost growth of approximately 2% in overall terms is expected. Member subscriptions will increase by the CPI as approved by the Board. I take this opportunity to acknowledge the work of Alex Malley, Michael Nugara and Vaughan Parkinson during 2009 and to welcome Nick Danes to the USANZ team. ■ Urological Society of Australia and New Zealand | Annual Report 2009 www.usanz.org.au 11
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Secretary’s report<br />
Pat Bary<br />
The Board <strong>of</strong> Directors (previously the Executive,<br />
pre 1 July <strong>2009</strong>) <strong>of</strong> the <strong>Society</strong> met in the Gold<br />
Coast on 8 March <strong>2009</strong> <strong>and</strong> subsequently at the<br />
USANZ <strong>of</strong>fice in Sydney on 17 May, 16 August <strong>and</strong><br />
15 November <strong>2009</strong>.<br />
The Board <strong>of</strong> Directors is now composed <strong>of</strong> 12<br />
members <strong>of</strong> the <strong>Society</strong>. The President, Vice<br />
President, Past President, RACS representative<br />
<strong>and</strong> the ANZAUS representative are elected by<br />
the membership. The Policy Chair is nominated<br />
by the membership <strong>and</strong> elected by the Board <strong>of</strong><br />
Directors (ratified by AGM). There are now two (2)<br />
external positions on the Board <strong>of</strong> Directors, one<br />
<strong>of</strong> them being filled by Alex Malley. Applications for<br />
the second position are currently being reviewed,<br />
following advertisement in the press.<br />
Each Section nominates <strong>and</strong> elects a representative<br />
who is ratified at the AGM, except where Section<br />
representation is already fulfilled by one <strong>of</strong> the<br />
above positions. The Secretary <strong>and</strong> Treasurer are<br />
selected from this group.<br />
Membership<br />
Since the last <strong>Annual</strong> <strong>Report</strong>, the following changes<br />
have occurred:<br />
Full Member:<br />
Jane MacDonald<br />
Lik-So (Carlo) Yuen<br />
Raymond Tong<br />
Peter Chong<br />
Sris Baskaranathan<br />
Alison Blatt<br />
Janelle Brennan<br />
Katherine Gray<br />
Andrew Hadley<br />
Malcolm Lawson<br />
Peter Liodakis<br />
Mark Louie-Johnsun<br />
Benjamin Martin<br />
Arvind Vasudevan<br />
Richard Wells<br />
Full Member Overseas:<br />
Malcolm Lawson<br />
Full Member Senior:<br />
Richard Nugent<br />
Ge<strong>of</strong>frey Buckham<br />
Laurence Harewood<br />
Trainee Member:<br />
Ahmad Ali<br />
Trenton Barrett<br />
Conrad Bishop<br />
Rick Catterwell<br />
Yi Yi Chen<br />
Janice Cheng<br />
Adam Davies<br />
Renu Eapen<br />
Martin Elmes<br />
Rachel Esler<br />
Ashani Fern<strong>and</strong>o<br />
Daniel Gilbourd<br />
Ahmed Saeed Goolam<br />
Alistair Hepburn<br />
Paul Manohar<br />
Daniel Marshall<br />
Kevin McMillan<br />
George Mirmilstein<br />
Bradley <strong>New</strong>ell<br />
David Pan<br />
Imogen Patterson<br />
H<strong>and</strong>oo Rhee<br />
Kapil Sethi<br />
Shekib Shahbaz<br />
Philip Smith<br />
Daniel Steiner<br />
Yang Sun<br />
Rachel Thomson<br />
Matthew Threadgate<br />
Isaac Thyer<br />
Simon Van Rij<br />
Christopher Vernon<br />
Philippe Wolanski<br />
Eddy Wong<br />
Chew-Lin Yip<br />
Nadya York<br />
Homi Zargar Shoshtari<br />
Kamran Zargar Shoshtari<br />
Richard Johnston<br />
Ashani Fern<strong>and</strong>o<br />
Charles Han<br />
Associate Member – <strong>Urological</strong>:<br />
Jon-Paul Meyer<br />
Siva Prasad Gourabathini<br />
Associate Medical Member:<br />
Warick Delprado<br />
Branimir Rajcik<br />
10 <strong>Urological</strong> <strong>Society</strong> <strong>of</strong> <strong>Australia</strong> <strong>and</strong> <strong>New</strong> Zeal<strong>and</strong> | <strong>Annual</strong> <strong>Report</strong> <strong>2009</strong> www.usanz.org.au
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