Document Recovery only MAMADOMIA PTY LTD, ACN 143 401 469 ANNUAL REPORT ======================================================================== Document ID: PAR-30-06-2010 DOD: svn dump repository recovery DATA: 10/10/2013 Document type declaration: Standard ISO/ASCII Document classification: Public Document definition content: Annual Document purpose content: Peport Document language content: En-US Document format type: Text Document format kind: Hard copy, paper Legenda PAR - Public Annual Repord SVN - dump-file containing document subversion-repository DOD - Document Object Model - is a cross-platform language-independent ISO - International Organization for Standardization En-Us - English US, international ---------------------------- Page End ------------------------------ - TABLE OF CONTENTS ------------------------------------------------------------------------ Content Part I Chairmans Statement Chief Executive Officers Statement Highlights Group Performance Analysis Group Operations and Business Settings Sustainability Corporate Governance Directors Report Directors Repor - Remuneration Report Auditors Independence Declaration Five Year Financial Summary Content Part II Financial Statements Income Statements Statements of Comprehensive Income Balance Sheets Statements of Changes in Equity Statements of Cash Flows Notes to the Financial Statements Note 1 Accounting Policies Note 2 Profit Note 3 Income from Ordinary Activities Note 4 Average Balances and Related Interest Note 5 Income Tax Note 6 Dividends Note 7 Earnings Per Share Note 8 Cash and Liquid Assets Note 9 Receivables Due from Other Financial Institutions Note 10 Assets at Fair Value through Income Statement Note 11 Derivative Financial Instruments Note 12 Available-for-Sale Investments Note 13 Loans, Bills Discounted and Other Receivables Note 14 Provisions for Impairment Note 15 Property, Plant and Equipment Note 16 Intangible Assets Note 17 Other Assets Note 18 Assets Held for Sale Note 19 Deposits and Other Public Borrowings Note 20 Liabilities at Fair Value through Income Statement Note 21 Tax Liabilities Note 22 Other Provisions Note 23 Debt Issues Note 24 Bills Payable and Other Liabilities Note 25 Loan Capital Note 26 Shareholders Equity Note 27 Share Capital Note 28 Share Based Payments Note 29 Non-Controlling Interests Note 30 Capital Adequacy Note 31 Financial Reporting by Segments Note 32 Insurance Businesses Note 33 Remuneration of Auditors Note 34 Lease Commitments Note 35 Contingent Liabilities, Contingent Assets and Commitments Note 36 Fiduciary Activities Note 37 Risk Management Note 38 Credit Risk Note 39 Market Risk Note 40 Liquidity and Funding Risk Note 41 Retirement Benefit Obligations Note 42 Investments in Associates and Joint Ventures Note 43 Key Management Personnel Note 44 Related Party Disclosures Note 45 Notes to the Statements of Cash Flows Note 46 Disclosures about Fair Values of Financial Instruments Note 47 Securitisation, Covered Bonds and Transferred Assets Note 48 Controlled Entities Note 49 Subsequent Events Content Part III Directors Declaration Independent Auditors Report Content Part IV Shareholding Information Content Part IV International Representation ---------------------------- Page End ----------------------------- ---------------------------- Section End ----------------------------- CHAIRMANS STATEMENT ======================================================================== Introduction Operating and Financial Results Corporate Governance and Board Performance Dividends and Capital Outlook Chairman name, date, signature: ( NIL ) ---------------------------- Page End ----------------------------- ---------------------------- Section End ----------------------------- CHIEF EXECUTIVE OFFICERS STATEMENT ======================================================================== As usual the progress of our good development passes through three stages. First, it is ignored or ridiculed, Second, it is violently opposed or punished. Third, it is accepted as being self-evident. Then is our time to laugh. We are always on the look out for talented, bright and enthustiastic, ambitious people to join our team. Andy Freedman Date: ---------------------------- Page End ----------------------------- ---------------------------- Section End -------------------------- HIGHLIGHTS ========================================================================== - Group Performance Highlights --------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Financial Performance Capital 0.00 0.00 Funding 0.00 0.00 Dividends 0.00 0.00 Outlook - great ---------------------------- Page End ------------------------- - Group Performance Summury ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Net interest income Capital management income Funds management income Insurance income Other income Total income Operating expenses Investment experience expens Loan impairment expense Corporate tax expense Non-controlling interests Other non-cash items ------------------------------- Page end ------------------------------ - Key Performance Indicators ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Statutory net profit after tax Cash net profit after tax Net interest margin (%) Operating expenses to total operating income (%) Average interest earning assets Funds under interest earnign average Insurance income to average inforce Operating expenses to total operating income (%) Services Cash net profit after tax Net interest margin (%) Operating expenses to total operating income (%) Products Cash net profit after tax Net interest margin (%) Operating expenses to total operating income (%) Projects performans Cash net profit after tax Net interest margin (%) Operating expenses to total operating income (%) Investment funds management income to average (%) Operating expenses to total operating income (%) Effective corporate tax rate (%) Other Income Commissions Lending fees Trading income ------------------------------- Page end ------------------------------ - Shareholder Summary ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Dividends per share (fully franked in cents) Dividend cover - cash (times) Statutory basis - basic Cash basis - basic Cash basis Statutory basis Dividend payout ratio (%) Weighted average no. of shares ("statutory basis") Weighted average no. of shares ("cash basis") Return on equity ("statutory basis") (%) Return on equity ("cash basis") (%) ------------------------------- Page end ------------------------------ - Market Share ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Deposits Loans lending Asset finance Equities trading Insurance inforce ------------------------------- Page end ------------------------------ - Credit Ratings ---------------------------------------------------------------------------- Long-term Short-term Members Investors Sponsors Fouds financials General public Fitch Ratings Moody's Investor Services Standard & Poor's ------------------------------- Page end ------------------------------ ---------------------------- Section End ------------------------------ GROUP PERFORMANCE ANALYSIS ============================================================================ - Financial Performance and Business Review ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Net interest income Average Interest earning assets Personal assets Family assets Business assets Trade assets Corporate assets Inovation assets Interest earning loans Personal loans Family loans Business loans Trade loans Corporate loans Inovation loans ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Trading income trade in products trade in services trade in inovation Investment income Bonds Shares Stocks Lease instruments Banking income Commissions Lending fees Deposit bonuses Funds management income Global Asset Management Local Regional Asset Management First State Mainland AU Second State Tasmania AU ------------------------------- Page end ------------------------------ Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Insurance income People Funds Deposits Properties Assets Territory Transport Technologies Methodologies Communications Inovation Licensing income Data rights Information rights Digital Rights Inovation developments Intellectual properties Ideas under waivers Concept under waivers Education Programs Certificates Patents & Waivers Waiver agreement Tangible data Tangible items Publications Destributions Projects Enterprises Eco-Arts Eco-design Eco-Titles Other royalties Other incomes ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Operating expenses Personnel expenses Direct employee Core staff Non-staff In-kind Independent auditors advisers consultants contractors agencies firms other Staff training Volunteers training Courses attendance Conference attendance Grants Bonuses Cash contributions Insurance Workcover Health compensations Movements in provision Long service leave Leave loadings Termination payments Superannuation Payroll tax Fees and charges Secutity Fees and charges Other relevant expenses Total Personal Expenses: Total Personal Expenses (%) of the income after tax ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Operating expenses (continued) Personnel expenses (continued) Co-workers Associates Patrons Sponsors Observers Volunteers paid Volunteers unpaid Visiting volunteers Members participants Supporting participants Community participants Authorities participants Other participants Other allowable Total Personal Expenses: ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Occupancy expenses Rent Leases Interest rates Utilities Secutity Insurance Fees and charges Other relevant expenses Total occupancy expenses: ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Operating expenses (continued) Utilized personnel Life and Health expenses Breathable Air ( airconditioners ) Drinkable water Suitable temperature (regulaters ) Life Insurance Health Insurance Security Total operating expenses: ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Operating expenses Energy expenses Conventional (Wood and Coal) Electricity Natural gas Advanced Nuclear Greenhouse gas Geothermal Solar Hydro Biomass Wind turbines Other energies Total operating expenses: ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Operating expenses Tools/Equipment expenses IT services Marketing Advertising Networking Fees and charges Security Acquisitions Other Fees and charges Communicational Transport Transport services Vehicles Vehicles services Mobile office/workshops Trailers Trailers services Licenses Insurences Other frees Total Tools/Equipment expenses: ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Operating expences Maintenance General security Data security Data sanitization Supplier Expenses (expenses related to the purchase of goods, services and other items) Total expenses: Avrige expense to income ratio (%) ------------------------------- Page end ------------------------------ - Financial Performance and Business Review (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Operating expense Investment Spend Expensed investment spend Capitalised investment spend Productivity and growth Risk and compliance Branch refurbishment and other Loan impairment expense item 1 items 2 items 3 Taxation Expense Corporate tax expense Effective tax rate Non-Cash Items Included in Statutory Profit net profit after tax (cash basis) Review of Group Assets and Liabilities Interest earning assets Other interest bearing liabilities Loans, bills discounted and other receivables Business and corporate loans Non-lending interest earning assets Interest bearing liabilities Transaction deposits Investment deposits Debt issues A budget of expenses of the Account against the categories in the table in an accrual accounting framework is to be prepared for each Financial Year of the Funding Period. The budgeted amounts will include all items to be recognised in an accrual accounting framework for each Financial Year. ------------------------------- Page end ------------------------------ ------------------------------- Section End --------------------------- OPERATIONS AND BUSINESS SETTINGS =========================================================================== - Provisions for impairment losses --------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Collective provision Individually assessed provisions Off balance sheet provisions Total provisions for impairment losses ------------------------------- Page end ------------------------------ - Credit Quality Metrics --------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Gross loans risk acceptancesas % of GPFAL (Gross Products, Fouds, Assets and Land) Deposits acceptances Capital acceptances Assets acceptances Risk weighted assets Credit risk weighted assets Gross impaired assets Net impaired assets Provision Ratios - Collective provision as a % of credit risk weighted assets - Total provision as a % of credit risk weighted assets - Total provision as a % of credit risk weighted assets - Total provisions for impairment losses as a % of GPFAL (Gross Products, Fouds, Assets and Land) Asset quality ratios - Gross impaired assets as a % of GPFAL - Gross impairment expense ("cash basis") annualised as a % of average GPFAL's ------------------------------- Page end ------------------------------ - Provision Ratios - tables, coments and charts --------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Collective provision as a % of credit risk weighted assets Total provision as a % of credit risk weighted assets Economic overlays remain unchanged on the prior year. ------------------------------- Page end ------------------------------ - Asset Quality - tables, coments and charts --------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Coment The asset quality ratios show the continued improvement in the quality of the book with both the level of impaired assets and 90 days past due fees which are not impaired continuing to reduce. The credit quality of both the members and corporate portfolios remained sound. Economic overlays remain unchanged for the year. ------------------------------- Page end ------------------------------ - Troublesome and Impaired Assets - tables, coments and charts --------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Impaired Assets Commercial troublesome assets reduced in % Gross impaired assetsdecreased in % Coments 10 basis points on the prior year, reflecting the improving quality of the corporate portfolios. Economic overlays remain unchanged on the prior year. ------------------------------- Page end ------------------------------ - Capital ------------------------------------------------------------------------ _ Capital Basel Regulatory Framework The Company adopted the international Basel III measurement and monitoring of regulatory capital effective from 1 January 2013 in terms of: Internationally Harmonised Capital Position The Board has set a target of holding greater than 10% capital position. The board adopt of a global target based on internationally harmonised principles enables a more meaningful comparison of the capital levels relative to its international peers. Capital Requirements As at 30 June 2013 the Group has a CET1 ratio of 8.2% under prudential standard version of Basel III, well above the minimum ratio of 4.5 % Deductions (including investments in insurance and funds management operations) Risk Weighted Assets are required the capital to be held for Interest Rate Risk in the Banking Book Capital Position The company maintained a strong capital position with the capital ratios well in excess of regulatory minimum capital adequacy requirements and the Board Approved minimum levels at all times throughout the year ended 30 June2013 Other Regulatory Changes Coment: Economic overlays remain unchanged for year. ----------------------------- Page End ------------------------------------ - Capital (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 _ Risk Weighted Capital Ratios Common Equity Tier One Tier One Tier Two Total Capital Ordinary Share Capital and Treasury Shares Ordinary Share Capital Treasury Shares Total shares Reserves Asset revaluation reserve - Available for sale reserve - Reserves related to non consolidated subsidiaries - Total reserves - Retained Earnings and Current Profits Retained earnings Expected dividends Dividend reinvestment plan Equity accounted profits Other Total Net Retained Earnings Non controlling interest in value Non controlling interest Perpetual preference shares Other non controlling interests Total interest ----------------------------- Page End ------------------------------------ - Capital (continued) ---------------------------------------------------------------------------- _ Ordinary Share Capital and Treasury Shares Ordinary Share Capital Treasury Shares Other Shares - Capital (continued) ---------------------------------------------------------------------------- _ Reserves Asset revaluation reserves Available for sale reserves ------------------------------- Page end ------------------------------ - Capital (continued) ---------------------------------------------------------------------------- _ Retained Earnings and Current Period Profits Non controlling interest Common Equity Tier One Capital - before regulatory adjustments - Represents shares held Asset Revaluation Reserve - eligible for inclusion - Available for Sale Reserve eligible for inclusion - Reserve balances associated with the Insurance - Funds Management - Dividend Reinvestment Plan Cumulative current year profit and retained earnings adjustments for subsidiaries not consolidated for regulatory purposes. Primarily relates to unrealised equity accounted earnings required to be excluded under APRA Non-controlling interests predominantly comprise Trade Perpetual Preference - Capital (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 _ Common Equity Tier One regulatory adjustments Intangibles Capitalised costs Capitalised software Capitalised netware Reserves General reserve for credit losses General reserve for deposits losses General reserve for capital losses Cash flow hedge reserve Cash flow pool reserve Cash flow trasure reserve Members compensation reserve Employee compensation reserve Deferred Deferred tax asset Deferred fee income Deferred capital interest income Deferred assets interest income Deferred inovation interest income Deferred technology interest income Deferred market distribution interest Deferred staff/personel payroll and other expences Deferred operational expences Deferred trade/exchange expences Deferred assets expences Deferred properties expences Deferred equipment expences Total Tier One Capital Gain due to changes in own credit risk on fair valued liabilities - Capital (continued) ---------------------------------------------------------------------------- _ Tier Two Capital Prudential general reserve for credit losses Excess /cap applicable Asset revaluation reserve Total Tier Two Capital - Capital (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 _ Risk Weighted Assets Corporate Sovereign Time Bank Data Bank Mortgages Risk weighted assets subject to standardised approach Securitisation Equity exposures Credit valuation adjustment Risk weighted assets for credit risk exposures - Traded market risk Interest rate risk Operational risk Total risk weighted assets ------------------------------- Page End ---------------------------------- Operations and Business Settings ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 - Capital (continued) - Share Dividends - N/A Note: This company is not for profit organisation s150 section company Operations and Business Settings ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 - Liquidity Assets Bank deposits Bills deposits Covered bonds Currency deposits Government bonds Semi-Government bonds Liquid assets Company does not use specific liquidity formula; however, liquidity is often calculated by using commone liquidity ratios and liquidity quick ratio indicators - aka the quick assets ratio or the acid-test ratio that has the ability to convert an asset to cash quickly, known as "marketability" cash conversion cycle standard approach (balance sheet). ------------------------------- Page End ---------------------------------- Operations and Business Settings ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 - Funding Customer deposits Members deposits Founders deposits Patrons deposits Sponsors deposits Suporters deposits Associates deposits Sponsorship fundings Grants fundings Contract fundings Community fundings Goverment fundings In-kind contributions Seed money contributions Capital fundings Executive loans Endowment support Capital support investments Project-related investments Program-related investments Event-related investments Fundraising events Programmatic shortfalls Philanthropic fundings Individual fundings Restricted funds Unrestricted funds Bridge funding (known as temporary funding) Total Short Term Funding Deposits Long Term Funding Deposits (less than one year maturity) ------------------------------ Page End ------------------------------------ Operations and Business Settings (continued) ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 - Funding (continued) Finance for business Trade growth prospects Establishments Unique projects Fellowships Scholarships Funding schemes Health fundings Research fundings Science fundings Education fundings Inovation fundings Strategic fundings International relations Sustainability fundings Environmental fundings Other eco fundings Currency Deposits Treasury Deposits Bonds Deposits Rare Minerals Deposits Land Title Deposits Valuable Deposits Other Deposits ------------------------------ Page End ------------------------------------ - Funding (continued) ---------------------------------------------------------------------------- Funding coments and notes: Note 1 Bridge funding (known as temporary funding) is used to meet a short-term need when theres an expectation that the organization will be solvent after the fixed time. This can occur, for example, in the event of a natural disaster, political unrest, or when grants or contract funding are promised but have not yet been received. Note 2 Shareholders equity is excluded from this view of funding sources Note 3 The funders wish to encourage high quality, innovative eco-health research conducted by multi-disciplinary teams of researchers Mamadomia foundation is dedicated to promoting empowerment of people, protection of the environment, and respect for cultural diversity. Therefore, it is just a matter of time when grants and fundings will be received. ------------------------------- Page End ---------------------------- ------------------------------- Section End ------------------------- SUSTAINABILITY ======================================================================== - Introduction ------------------------------------------------------------------------ For the Group, sustainability means building a successful business today, while creating enduring value for the Groups members and customers, partners, people, shareholders and the broader community. 1. Sustainable Business Practices Disciplined financial management and a focus on productivity, transparency and accountability help to ensure the long term sustainability of the Groups business. 2. Responsible Financial Services The Group takes a responsible approach to providing financial services and products, and remains committed to members and customer satisfaction. Providing Leading Solutions to Not-for-Profits 3. Engaged and Talented People The Group supports its people by continuing to invest in their development and in programs designed to create a diverse, safe and rewarding workplace. 4. Community Contribution and Action The Group has a proud history of supporting the communities where we live and work. By offering eco-health and financial literacy programs, partnering with community organisations and supporting the people in their endeavours, the Group continues to strengthen and extend its involvement, forging lasting relationships with community organisations and those they serve. Building Eco-Health Financial Literacy Skills collaborating with Indigenous Australians to Achieve Social, Economic and Financial eco-Health Inclusion. Empowering Support of the Community.Supporting Sports, the Arts and Health. 5. Environmental Stewardship Achieving the Carbon Reduction Target Supporting the Groups Members and Clients in their Transition to a Low Carbon Economy. The Carbon Solutions Team was formed as a direct response. Committing for the Long Term and Changing the Way we Work. Further Information - www.Mamadomia.org.au ---------------------------- Page End ----------------------------- ---------------------------- Section End --------------------------- CORPORATE GOVERNANCE ======================================================================== - Itroduction ------------------------------------------------------------------------ This statement outlines the key aspects of the featured company corporate governance framework. The Board has consistently placed great importance on good corporate governance practices of the Group, which it believes is vital to the Groups well - being. The Board has adopted a comprehensive framework of Corporate Governance Guidelines, designed to properly balance performance and conformance. This enables the us to undertake, in an effective manner, the prudent risk-taking activities which are the basis of our business. Charter The Boards role and responsibilities are set out in the Board By Laws Charter. Delegation of Authority The Board delegates to the CEO the responsibility to achieve the Groups objective of creating long term value for its shareholders in part through excelling at securing and enhancing the health and financial wellbeing of people, businesses and eco-health communities. ------------------------------ Page End ---------------------------------------- . - Governance Framework ---------------------------------------------------------------------------------- Group Composition Ditector name Board Membership Position Title Committee 1 Non-Executive, Independent Chairman Member 2 Non-Executive, Independent M/D Member 3 Executive CEO Member 4 Non-Executive, Independent - Member 5 Non-Executive, Independent - Member 6 Non-Executive, Independent - Member 7 Non-Executive, Independent - Member The Constitution of the organisation specifies that: The CEO and any other Executive Directors are not eligible to stand for election as Chairman of the Board; The number of Directors will not be less than min nor more than maximum as tated in the constitution (or such lower number as the Board may from time to time determine). The Board has decided that there will be Menaging Directors; and At each Annual General Meeting (AGM) one third of Directors (other than the CEO) will retire from office and may stand for re-election. The policy of the Board is that Non-Executive Directors arenormally expect to serve a term of six years from the date of first election by shareholders, subject to re-election by shareholders as required under the Constitution. ------------------------------ Page End ---------------------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Independence The Mamadomias Non-Executive Directors are required to be independent of management and free of any business or ther relationship that could materially interfere with the exercise of unfettered and independent judgment. The Board regularly assess each Directors independence to ensure ongoing compliance with this requirement. Directors are required to conduct themselves in accordance with the ethical policies of the Group and be meticulous in their disclosure of any material contract or relationship in accordance with the Corporations Act 2001. This disclosure extends to the interests of family companies and spouses. Directors must also strictly adhere to the participation and voting constraints in relation to matters in which they may have an interest in. Each Director may from time to time have personal dealings with the organisation or be involved with other companies or professional firms which may have dealings with the Group. Details of offices held by Directors with other organisations are disclosed in the Directors' Report and on the Group's website. Full details of related party dealings are set out in the notes to the Financial Statements as required by law. All the current Non-Executive Directors have been assessed as independent Directors. In reaching that determination, the Board has taken into account (in addition to the matters set out above): Education and Traning Directors participate in an induction program upon appointment and in ongoing education sessions on a regular basis. This program of continuing education ensures that the Board is kept up to date with developments in the industry both locally and globally. It also includes sessions with local and overseas experts in the particular fields relevant to the Organisations operations. ------------------------------ Page End ---------------------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Board Committee The Non-Executive Directors meet at least annually without management, in a forum intended to allow for an open discussion on Board and management performance. This is in addition to the consideration of the CEOs performance and remuneration, which is conducted by the Board in the CEOs absence. The Board Performance and Renewal Committee annually review the corporate governance procedures. It considers the composition and effectiveness of the Board and also the boards of the major wholly owned or partner subsidiaries. It also considers the effectiveness of the Board and ensures that the Board annually reviews its own performance, policies and practices. These reviews seek to identify where improvements can be made in Board processes. The Board used an independent facilitator in this years performance review. The review endorsed the current Board and Committee processes. The assessment has been considered by the Board and individual Director assessments have been diarised with Directors by the Chairman of the Board. After considering the results of the performance assessment, the Board will determine its endorsement of the Directors to stand for re-election at the next AGM. In accordance with the Boards policies, the Committee consists solely of independent Non-Executive Directors, with the CEO attending the meeting by invitation. A copy of the Board Performance and Renewal Committee Charter is available on the Groups website. ---------------------------- Page End ----------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Selection of Directors The Board Performance and Renewal Committees set of criteria for Director appointments are reviewed annually and adopted by the Board. These are aimed at creating a Board capable of challenging, stretching and motivating management to achieve sustained, outstanding performancein all respects. The aim is to ensure that any new appointee is able to contribute to the Board constituting a competitive advantage for the Group. Based on these criteria, each Director should: Be capable of operating as part of an exceptional team; Vigorously debate and challenge management in a constructive manner; Contribute outstanding performance and exhibit impeccable values; Be capable of inputting strongly to risk management, strategy and policy; Provide a mix of skills and pragmatic experience required to challenge and contribute to the future strategic tactics and strategy; Be excellently prepared and receive all necessary training/education;and Provide important and significant insights, input and questions to management from their experience, knowlidged and skill. Professional intermediaries are engaged to identify a diverse range of potential candidates for appointment as Directors based on the identified criteria. Candidates who are considered suitable for appointment as Directors by the Board Performance and Renewal Committee are then recommended for decision by the Board and, if appointed, will stand for election at the next AGM, in accordance with the Constitution. The Chairman will provide a letter to all new Directors setting out the terms of appointment and relevant Board policies.These include time commitment, code of ethics and continuing education. All current Directors have been provided with a letter confirming the terms of their appointment. A copy of the form of the appointment letter is available on the Groups website. ---------------------------- Page End --------------------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Policies Board policies relevant to the composition of Committees and functions of Directors include: The Board will consist of a majority of independent Non-Executive Directors; The Board Performance and Renewal, Remuneration and Audit Committees should consist solely of independent Non-Executive Directors. The Risk Committee should consist of a majority of independent Non-Executive Directors; The Chairman will be an independent Non-Executive Director; The Audit Committee will be chaired by an independent Non-Executive Director other than the Chairman; The Board will meet on a regular and timely basis. The meeting agendas will provide adequate information about the affairs of the Organisation. In addition, ongoing strategy is the major focus of at least one Board meeting annually; An agreed policy on the basis that Directors are entitled to obtain access to documents and information, and to meet with management; and A procedure whereby, after appropriate consultation, Directors are entitled to seek independent professional advice, to assist them to carry out their duties as Directors.The policy of the Board provides that any such advice is generally made available to all Directors. ---------------------------- Page End ----------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Ethical Standards Conflicts of Interest In accordance with the Constitution and the Corporations Act 2001, Directors are required to disclose to the Board any material contract in which they may have an interest. In compliance with section 195 of the Corporations Act 2001 any Director with a material personal interest in a matter being considered by the Board will not vote on or be present when thematter is being considered. If the material personal interest is disclosed or identified before a Board or Committee meeting takes place those Directors will also not receive a copy of any paper dealing with the matter. ---------------------------- Page End ----------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Share Trading Shareholder Communication Remuneration Arrangements ---------------------------------- Page End --------------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Audit Arrangements Auditor, was appointed as the external auditor of the organisation at the 2010 AGM, effective from the beginning of the 2011 financial year. In line with current legislation, the Organisation requires that the auditor/partner be changed within five years of being appointed. Audit Committee, The Audit Committee assists the Board in fulfilling its statutory and fiduciary responsibilities. It provides an objective and independent review of the effectiveness of the external reporting of financial information and the internal control environment of the Organisation, as well as obtaining an understanding of the Groups tax and accounting risks. Non-Audit Services The External Auditor Services Policy requires the Audit Committee (or its delegate) to approve all audit and non-audit services before engaging the external auditors to perform the work. Our policy also prohibits the external auditors from providing certain services to the Oranisation or its affiliates. The objective of this policy is to avoid prejudicing the external auditors independence. The policy is designed to ensure that the external auditors do not: Assume the role of management or act as an employee and or affiliates; Become an advocate for the Organisation; Audit their own work; Create a mutual or conflicting interest between themselves and the Group; Require an indemnification from the Group to themselves; Seek contingency fees; nor Have a direct financial or business interest or a material indirect financial or business interest in the Group or any of its affiliates, or an employment relationship with the Organisation or any of its affiliates. Under the policy, the external auditor will not provide the following services: Bookkeeping or other services relating to accounting records or Financial Statements; Financial information systems design and implementation; Appraisal or valuation services (other than certain tax only valuation services) and fair opinions or contribution-in-kind reports; Actuarial services unless approved in accordance with independence guidelines; Internal audit outsourcing services; Management functions, including acting as an employee and secondment arrangements; Human and personel resources; Broker-dealer, investment adviser or investment banking services; -------------------------------- Page End ----------------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Risk Management Risk Management governance originates at Board level, and cascades through to the CEO and businesses, via Business Unit risk atractive statements, policies, delegated authorities and committee structures. The Board and its Risk Committee operate under the direction of their respective charters. The Board Charter stipulates, amongst other things that: The Board is responsible for overseeing the establishment of systems of risk management by approving accounting policies, financial statements and reports, credit policies and standards, risk management policies and procedures and operational risk policies and systems of internal controls; and The CEO is responsible for implementing a system, including a system of internal controls and audits, to identify and manage risks that are material to the business of the Organisation. The CEO and the Chief Financial Officer have given the Board their declaration in accordance with section 295A of the Corporations Act 2001. The CEO and Chief Financial Officer have confirmed that the declarations are founded on the system of risk management and internal control and also that the system is operating effectively in all material respects in relation to financial risks. Risk Forecast Risk Committee The Risk Committee oversees the Organisations risk management framework. This includes credit, market ( including traded interest rate risk, lease/rent residual values, non-traded equity and structural foreign trade in services exchange), liquidity and funding, operational, insurance, compliance (including regulatory), and reputational risks assumed in the course of carrying on its business. Strategic risks are governed by the Board, with input from the various Board sub-committees. Tax and accounting risks are governed by the Audit Committee. The Risks Committee monitors managements compliance with the Org risk management framework (including high-level policies and limits). It also makes recommendations to the Board on the key policies relating to capital (that underpin the Internal Capital Adequacy Assessment Process), liquidity and funding and other material risks. These are overseen and reviewed by the Board on at least an annual basis The Risks Committee also monitors the health of the Organisations risk culture, and reports any significant issues to the Board of Directors. As part of the remuneration policy, the Risk Committee provides written input to the Remuneration Committee to assist in the alignment of executive remuneration with appropriate risk behaviours. The Committee reviews significant correspondence with regulators, receives reports from management on regulatory relations and reports any significant regulatory issues to the Board. Levels of insurance cover on insurance policies maintained by the Organisation to mitigate some operational risks are disclosed to the Risk Committee for comment. A copy of the Risk Committee charter should appears on the website. Risk ManagementFramework ---------------------------------- Page End --------------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Continuous Disclosure - Governance ( continue ) --------------------------------------------------------------------------------- ---------------------------- Page End ----------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Ethical Policies Statement of Professional Practice Our Staff and Developments People - Governance ( continue ) --------------------------------------------------------------------------------- Behaviour Policy The Group is strongly committed to maintaining an ethical workplace and to complying with legal and ethical responsibilit ies. The Groups Behaviour policy requires its people to report fraud, corrupt conduct, mal-administration or serious and substantial waste by others. A system has been established which allows people to remain anonymous, if they wish, for reporting of these matters. The policy includes reporting of auditing and accounting issues. These are reported to the Chief Compliance Officer by the Chief Security Officer, who administers the reporting and investigation system. The Chief Security Officer reports any such matters to the Audit Committee, noting the status of resolution and actions to be taken ---------------------------- Page End ----------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Code of Conduct ---------------------------- Page End ----------------------------- - Governance ( continue ) --------------------------------------------------------------------------------- Media Information Website www.Mamadomia.org (global org) www.Mamadomia.org.au, (local org) www.Mamadomia.eu (EU ) ---------------------------- Page End ----------------------------- ----------------------------- Section End ------------------------- DIRECTORS REPORT ======================================================================== The Directors of the Mamadomia Pty Ltd, Eco-Health Group of Australia submit their report, together with the financial report of the company and of the Group, being the entety and its controlled entities, for the year ended 30 June. . The names of the Directors holding office during the financial year are set out below, together with details of Directors experience, qualifications, special responsibilities and organisations in which each of the Directors have declared an interest. Board of directors - Chairperson ------------------------------------- Name: Age: Residence: Australia Qualifications: Fellow of the Institute of Chartered Accountants Other directorships: N/A Board of directors - Managing Director and CEO ----------------------------------------------- Director Name: Andy Freedman Age: 56 Residence: Australia and Europe Qualifications: Fellow of the people living below the poverty line in Australia Other directorships: Non-Profit Health Promotion Charity Ltd, Open Healing Eco-Health Academy Ltd, Open Healing Eco-Health Land Ltd, Eco-Health Enterprises PTY LTD. Board of directors - Treasure person ---------------------------------------- Director Name: Anna Elisabeth Malter Age: 67 Residence: Australia/New Zealand Qualifications: Banking and Housewife duties Other directorships: Non-Profit Health Promotion Charity Ltd, Open Healing Eco-Health Academy Ltd, Open Healing Eco-Health Land Ltd, Eco-Health Enterprises PTY LTD. Board of directors - Director 1 ------------------------------- Name: Age: Residence: Qualifications: Other directorships: Board of directors - Director 2 ------------------------------- Name: Age: Residence: Qualifications: Other directorships: Board of directors - Director 3 ------------------------------- Name: Age: Residence: Qualifications: Other directorships: ------------------------------- Page End ---------------------------- - Principal Activities --------------------------------------------------------------------- Not For Profit NGO in VISION, MISSION AND ECO-FAITH HELPING HUMANITY TO THRIVE ITSELF MAMADOMIA PTY LTD In accordance to its objectives, Mamadomia Not For Profit Eco-Health Group conducts its operations primarily in Australia, New Zealand and the Asia Pacific region. It also schedule operates in a number of other regions and countries including within APEC, BRICS, EU and selected others. There have been no significant changes in the nature of the company principal activities and the group during this year. ---------------------------- Page End ----------------------------- - Consolidated Profit --------------------------------------------------------------------- The Groups net profit after income tax and non-controlling interests for the year ended 30 June 20____ was There have been no changes in the Consolidated Profits activities of the Mamadomia Pty Ltd Group during the financial year. - Dividends --------------------------------------------------------------------- The Directors have declared fully franked Dividends NOT PAID to no one person on any kind. Note: This company is Not for profit section s150 (and no devidends are paid to shareholders) - Review of Operations --------------------------------------------------------------------- An analysis of operations for the financial year is set out in the Highlights and Group Performance Analysis sections. - Changes in State of Affairs ----------------------------------------------------------------------- During the year, the Group continued to make significant progress in implementing a number of initiatives designed to ensure a better trade and service outcome for the Groups members and customers. There have been no significant changes in the state of affairs of the Mamadomia Pty Ltd Eco-health Group during the financial year. - Events Subsequent to Balance Sheet Date --------------------------------------------------------------------- The Mamadomia Pty Ltd DRP for the final dividend for the year ended 30 June 201 will be satisfied in full by an on market purchase and transfer of shares of approximately $0.000 in trade, value and devidents. The Directors are not aware of any other matter or circumstance that has occurred since the end of the financial year that has significantly affected or may significantly affect the operations of the Group, the results of those operations or the state of affairs of the Group in subsequent financial years, other than usual sabotaging ignorance from the local communities behaviors and bureaucratic stupidity of old century authorities. --------------------------- Page End ------------------------------- - Business Strategies and Future Developments --------------------------------------------------------------------- Accommodation Strategy Following the successful completion of Activity Based Working (ABW) at Bourke Place in NSW Australia this year, the Group has now in place the project implementation of global ABW at Free Trade Zones of China and Kazakhstan free trade zone. The Group is progressively looking to accommodate its employees in either new eco friendly or eco-substantially refurbished buildings and teritories in Australia and Asia. This strategy allows the Group to provide improved working environments that are more productive for its members and employees, use space more efficiently and sustainably as well as support more collaborative working enviroments. --------------------------- Page End ------------------------------- - Business Strategies --------------------------------------------------------------------- Business strategies, prospects and future developments which may affect the operations of the Mamadomia Eco-Health Group in subsequent years are referred to in the Chief Executive Officers Statement. In the opinion of the Directors, disclosure of any further information on likely strategic developments would be unreasonably prejudicial to the interests of the Group Business strategies Strategic prospects Future developments --------------------------- Page End ------------------------------- - Environmental Reporting --------------------------------------------------------------------- The company is subject to the Federal Governments National Greenhouse and Energy Reporting (NGER) scheme. The scheme makes it mandatory for controlling corporations to report annually on greenhouse gas emissions, energy production and energy consumption, if they exceed certain threshold levels. As a result of a long history in voluntary environmental reporting, the Mamadomia Eco-Health Group is well placed to meet the NGER requirements, and has recently updated its energy and emissions data management and reporting systems to comply with the legislation. The Eco-Health Group is also subject to the Energy Efficiency Opportunities Act 2006 (EEO Act), which encourages energy-using businesses to improve their energy efficiency ----------------------------- Page End ----------------------------- - Directors Shareholdings and Options ------------------------------------------------------------------ Particulars of shares held by Directors and the Chief Executive Officer and directors in the Mamadomia Pty Ltd or in a related eco-health body corporate organisations are set out in the Financial Statements that accompany this report. No options have previously been granted to the Directors or Chief Executive Officer or other members. - Options Outstanding -------------------------------------------------------------------------- As at the date of this report there are no options outstanding in relation to Mamadomia Pty Ltd ordinary shares. - Directors Interests in Contracts ------------------------------------------------------------------------- A number of Directors have given written notices, stating that they hold home office in specified companies and accordingly are to be regarded as having an interest in any contract or proposed contract that may be made between the Mamadomia and any of those companies. - Directors and Home Officers Indemnity ------------------------------------------------------------------------- The Directors, as named on the pages of this report, and the Secretaries of the Mamadomia, being named on pages of this report, are indemnified pursuant to the Constitution of Mamadomia Pty Ltd (the Constitution), as are all senior managers of the Mamadomia Eco-Health Group Australia. In the case of a partly-owned subsidiary of the company, where a director, secretary or senior manager of that entity is a nominee of a third party body corporate which is not a related body corporate of the Mamadomia Pty Ltd Eco-Health Group Australia, the Indemnity Deed Poll will not apply to that person unless the Mamadomia's CEO has certified that the indemnity shall apply to that person for home office branch facilities. - Directors and Officers Insurance ----------------------------------------------------------------------- The Mamadomia has, during the financial year, paid an insurance premium in respect of an insurance policy for the benefit of the organisation and those named and referred to above including the directors, secretaries, officers and certain employees of the company and related eco-health group eteties as defined in the insurance policy. The insurance is appropriate pursuant to Section 199B of the Corporations Act 2001. In accordance with commercial practice, the insurance policy prohibits disclosure of the terms of the policy, including the nature of the liability insured against and the amount of the premium. --------------------------- Page End ----------------------------------- - Rounding and Presentation of Amounts ----------------------------------------------------------------------- Amounts in this Directors Report and the accompanying financial statements have been rounded to the nearest $0.00 Australian dollars except where otherwise indicated. The financial information included in this Annual Report, unless otherwise indicated, has been prepared and pr esented in accordance with Australian Accounting Standards. This ensures compliance with International Financial Reporting Standards The company manages its business performance using a "cash basis" profit measure. The key items that are excluded from statutory profit for this purpose are non-recurring or not considered representative of the companys ongoing financial performance. Profit on an "underlying basis" is used primarily in the Wealth Management businesses. It provides a profit measure that excludes both the volatility of equity markets on shareholder funds and the mark to market revaluations on the Eco Guaranteed Annuity portfolio for a measure of core operating performance. ---------------------------- Page End ------------------------- ---------------------------- Section End ------------------------- DIRECTORS REPORT- REMUNERATION REPORT ======================================================================== - Policy on the nature and amount of remuneration of key management personnel ------------------------------------------------------------------------ Determining the nature and amount of remuneration of the key management personnel. The board policy provides the basis for remuneration outcomes and provide shareholders with an understanding of the objectives and/or corporate goals sought to be achieved by the remuneration arrangements, with advice being obtained from external remuneration consultants as provided below: FIXED REMUNERATION Directors remuneration Directors remuneration is unconditionally base on Not For Profit (NFP) Meaningful Volunteerism remuneration outcomes as specified in the company constitution and by law articles on directors remuneration policies. Executives and key management personal remuneration Fixed remuneration for the company's key executives and management personal is determined by reference to company's Performance Benchmark Remuneration Metrics, taking into account an individual's responsibilities, performance, qualifications and experience. The broad objective is to pitch fixed remuneration at market median levels. For each executive and personnel participant the remuneration outcome of the (PBRM) algorithms are drawn from the following categories: Time strategic measures - time performance measures include Long Term Trade In Services dynamic expansion and organic growth. Markets strategic positioning - market performance measures include Long Term; Net Profits Flow and Return On Investment ( ROY ) within dynamic market expansion and inorganic growth. Financial measures - performance measures include Net Profit After tax, Cash Flow, Return on Invested Capital, and Earnings Before Interest and Tax Zero Harm - safety and environment performance measures, including Lost Time Injury Frequency Rates, Medically Treated Injury Frequency Rates and environment measures. Business Excellence - performance measures for the year ended, including innovation, operational success in markets, properties, members and capitals expansion, efficiency and targets such as long-term structural reductions to the cost base of the Company, balance sheet and liquidity initiatives and improvements to the performance of business units; and Strategy - implementation of specific longer-term strategic initiatives ---------------------------- Page End ------------------------- - Non-financial performance conditions in short term incentive plans -------------------------------------------------------------------------- ---------------------------- Page End ------------------------- - Linking Remuneration to Performance ------------------------------------------------------------------------- The remuneration framework is designed to attract and retain high calibre Executives by reward ing them for achieving goals that are aligned to the organisation business strategy. All our incentives are directly linked to both short term and long term pragmatic performance goals. People - Develop a long term people health focus. Sustainability - We have three priorities: achieving eco-health sustainable growth with equity, promoting connectivity and attaining the open free trade trade in service and investment in the Asia-Pacific TransTelematics. ( APEC Policy Support Unit ) Organisation Strenght - Maintain a strong, flexible Balance Sheet Organisation Productivity - Continuous and ongoing focus on eliminating time waste, whilst making things simple and easier for the company, organisation members and staff. Technology - Technology programs designed to enhance the end user experience through more innovative systems and processes, and improve efficiency levels. In addition, the Branch of the Future TransTelematics program has continued to improve the trade in services customer experience within the branch (work at home) network. Including the features implementation of real time video conferencing facilities in branches. We are developing technological strategy that beats the consumer market trends and the climate challenge realities. ---------------------------- Page End ------------------------- Directors Report - Remuneration Report Summary ---------------------------------------------------------------------------- Full Year Ended 30 Jun 2012 30 Jun 2011 Chairman 0.00 0.00 Executive Directors 0.00 0.00 Non-Executive Directors 0.00 0.00 Managing Director and CEO 0.00 0.00 Group Executives 0.00 0.00 Managers 0.00 0.00 Personel 0.00 0.00 Total Remuneration 0.00 0.00 --------------------------------- Page End -------------------------------- Board Discretion -------------------------------------------------------------------- The Board also retains sole discretion to determine the amount and form of any award that may vest (if any) to prevent any unintended outcomes, or in the event of a corporate restructuring or capital event. Instrument Reward Rights. Each Reward Right entitles the Executive to receive one share as bonus in the future, subject to meeting the performance hurdles set out below. The number of rights that vest will not be known until the end of the performance period. -------------------------------- Page End -------------------------------- -------------------------------- Section End ------------------------- AUDITORS INDEPENDENCE DECLARATION ======================================================================== Included ---------------------------- Section End ------------------------- THREE YEAR FINANCIAL SUMMARY ======================================================================== ------------------------------- Page End -------------------------------- -------------------------------- Section End ------------------------- FINANCIAL STATEMENTS - CONTENTS ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- INCOME STATEMENTS ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- STATEMENTS OF COMPREHENSIVE INCOME ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- BALANCE SHEETS ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- STATEMENTS OF CHANGES IN EQUITY ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- STATEMENTS OF CASH FLOWS ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- Notes to the Financial Statements ======================================================================== Note 1 Accounting Policies ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 2 Profit ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 3 Income from Ordinary Activities ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 4 Average Balances and Related Interest ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 5 Income Tax ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 6 Dividends ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 7 Earnings Per Share ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 8 Cash and Liquid Assets ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 9 Receivables Due from Other Financial Institutions ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 10 Assets at Fair Value through Income Statement ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 11 Derivative Financial Instruments ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 12 Available-for-Sale Investments ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 13 Loans, Bills Discounted and Other Receivables ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 14 Provisions for Impairment ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 15 Property, Plant and Equipment ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 16 Intangible Assets ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 17 Other Assets ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 18 Assets Held for Sale ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 19 Deposits and Other Public Borrowings ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 20 Liabilities at Fair Value through Income Statement ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 21 Tax Liabilities ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 22 Other Provisions ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 23 Debt Issues ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 24 Bills Payable and Other Liabilities ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 25 Loan Capital ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 26 Shareholders Equity ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 27 Share Capital ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 28 Share Based Payments ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 29 Non-Controlling Interests ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 30 Capital Adequacy ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 31 Financial Reporting by Segments ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 32 Insurance Businesses ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 33 Remuneration of Auditors ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 34 Lease Commitments ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 35 Contingent Liabilities, Contingent Assets and Commitments ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 36 Fiduciary Activities ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 37 Risk Management ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 38 Credit Risk ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 39 Market Risk ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 40 Liquidity and Funding Risk ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 41 Retirement Benefit Obligations ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 42 Investments in Associates and Joint Ventures ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 43 Key Management Personnel ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 44 Related Party Disclosures ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 45 Notes to the Statements of Cash Flows ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 46 Disclosures about Fair Values of Financial Instruments ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 47 Securitisation, Covered Bonds and Transferred Assets ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 48 Controlled Entities ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- Note 49 Subsequent Events ------------------------------------------------------------------------- ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- DIRECTORS DECLARATION ======================================================================== ------------------------------- Page End ---------------------------- ------------------------------- Section End ------------------------- INDEPENDENT AUDITORS REPORT ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- SHAREHOLDING INFORMATION ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End ------------------------- INTERNATIONAL REPRESENTATION ======================================================================== ------------------------------- Page End -------------------------------- ------------------------------- Section End -------------------------