ANNUAL REPORT 2004â05 - V/Line

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2 | V/LINE ANNUAL REPORT 2004–05V/LINE’S NEW BOOKING OFFICE AT SPENCER STREET STATION
LETTER TO THE MINISTEROctober 2005The Hon. Peter Batchelor MPMinister for TransportLevel 26 Nauru House80 Collins StreetMelbourne 3000Dear MinisterI have pleasure in submitting the annual report for V/Line Passenger Corporation, including theactivities of V/Line Passenger Pty Ltd (V/Line), for the financial year 1 July 2004 to 30 June 2005.V/Line's focus this year has been to ensure that the Victorian community has access to the bestpossible regional rail and coach services while significant progress is being made on the rebuilding ofthe State's rail infrastructure and operations. At the same time, we have continued to expand thebusiness and offer services to more and more Victorians.While at times disruptions have been inevitable, our customers have shown great understanding andhave continued to support our business strongly. Importantly, staff have continued to demonstrate theircommitment to V/Line and customers during this period. I am confident that our customers will be wellrewarded for their patience in the year ahead as the major projects are completed.I am pleased to report that V/Line's financial performance with respect to its subsidies and expenditurewas in line with budget expectations.V/Line's board and management look forward to reporting even stronger performance in the yearahead.Yours faithfullyFrank Tait, ChairmanV/LINE ANNUAL REPORT 2004–05|3
Page 1 and 2: ANNUAL REPORT 2004-05
Page 3: REPORT 04-05 CONTENTSLETTER TO THE
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
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NOTES TO THE FINANCIAL STATEMENTSCO
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NOTES TO THE FINANCIAL STATEMENTSNO
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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 2004â05 - V/Line