ANNUAL REPORT 2004â05 - V/Line

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SERVINGREGIONAL COMMUNITIESV/LINE ANNUALV/LINE IS VICTORIA'S LARGEST REGIONAL PASSENGERtransport operator, with a long history of serving its communitiesthrough rail and coach services.In July 2003, V/Line began a new chapter in its operationswith the establishment of V/Line Passenger Corporation (VLPC)and V/Line Passenger Pty Ltd (V/Line).See Corporate Governance section page 37.V/Line has a franchise agreement with the Director of PublicTransport, representing the State Government of Victoria, tooperate regional rail and rail replacement coach services.OUR MISSIONV/Line connects people and places.OUR VISIONVictoria’s communities choose V/Line as their preferred way ofgetting from place to place.OUR VALUESRespectEmpowermentCustomer focusExcellenceHonestyABOUT THIS REPORTThis report provides a summary of V/Line's key activities andfinancial performance for the period 1 July 2004 to 30 June 2005.
REPORT 04-05 CONTENTSLETTER TO THE MINISTER 3CHAIRMAN’S REPORT 4CHIEF EXECUTIVE OFFICER’S REPORT 6V/LINE OVERVIEW 9THE YEAR IN REVIEW 11MAJOR PROJECTS 12OUR CUSTOMERS 14OUR OPERATIONS 20OUR EMPLOYEES 30FINANCE 36CORPORATE GOVERNANCE 37FINANCIAL AND STATUTORY STATEMENTS 41DISCLOSURE INDEX 71
Page 1: ANNUAL REPORT 2004-05
Page 5 and 6: LETTER TO THE MINISTEROctober 2005T
Page 7 and 8: CHAIRMAN’S REPORTWhile we know th
Page 9 and 10: CEO’S REPORTDespite this focus on
Page 11 and 12: AN OVERVIEWTHE V/LINE RAIL AND COAC
Page 13 and 14: AN OVERVIEW (CONTINUED)THE YEAR IN
Page 15 and 16: MAJOR PROJECTSVLOCITY TRAINSThe int
Page 17 and 18: OUR CUSTOMERS“GRENVILLE DAWSONOUR
Page 19 and 20: OUR CUSTOMERS (CONTINUED)The redeve
Page 21 and 22: OUR CUSTOMERS (CONTINUED)V/LINE IN
Page 23 and 24: OUR OPERATIONS“GRAEME CLEAKTHE NE
Page 25 and 26: OUR OPERATIONS (CONTINUED)THE PERCE
Page 27 and 28: OUR OPERATIONS (CONTINUED)THE MAJOR
Page 29 and 30: OUR OPERATIONS (CONTINUED)Since 200
Page 31 and 32: OUR OPERATIONS (CONTINUED)SAFETY CH
Page 33 and 34: OUR EMPLOYEES“JOHN MITCHELLOUR MA
Page 35 and 36: OUR EMPLOYEES (CONTINUED)Early resu
Page 37 and 38: OUR EMPLOYEES (CONTINUED)New traini
Page 39 and 40: CORPORATE GOVERNANCEFROM LEFT: MERE
Page 41 and 42: CORPORATE GOVERNANCE (CONTINUED)COL
Page 43 and 44: FINANCIAL AND STATUTORY STATEMENTSS
Page 45 and 46: STATEMENT OF FINANCIAL PERFORMANCEF
Page 47 and 48: STATEMENT OF CASH FLOWSFOR THE YEAR
Page 49 and 50: TABLE OF CONTENTS NOTES TO THE FINA
Page 51 and 52: NOTES TO THE FINANCIAL STATEMENTS(i
Page 53 and 54:
NOTES TO THE FINANCIAL STATEMENTSTh
Page 55 and 56:
NOTES TO THE FINANCIAL STATEMENTSCO
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NOTES TO THE FINANCIAL STATEMENTSNO
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Page 71 and 72:
NOTES TO THE FINANCIAL STATEMENTS1.
Page 73 and 74:
AUDITOR GENERAL’S STATEMENTV/LINE
Page 75:
CONTACT DETAILSV/LINE PASSENGER PTY
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ANNUAL REPORT 2004â05 - V/Line

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ANNUAL REPORT 2004â05 - V/Line