KU Financial Report
Directors’ Report
The Directors of KU Children’s Services submit herewith the annual financial report of the company for the financial year ended
31 December 2009. In order to comply with the provisions of the Corporations Act 2001, the Directors report as follows:
The names of the Directors of the company who have held office during or since the end of the financial year are:
Penelope Le Couteur – BSc,(Hons). MAICD David McCracken – BAppSc – Built Environment
Greg Bittar – BEc, LLB (Hons), MSc (Finance) LBS Melissa Potter – BA,LLB
David Bryant – B.Bus, MBA Sally-Anne Reid – BA.(Econ), BSc (Maths).Dip Ed
Yooie Choi – BA Dip Ed, Cert Gifted Ed, Cert Residential Care, JP John Schroder – B.Com. Advanced Dip Real Estate
Sarah Cordle – MA, CA Jane Ward – BA (Hons), Dip Teach
Anthea Green – BA, MAICD Stuart Washington
Borislav Kotic – BBS (Accounting), MA.(Econ), FCPA Graham Vimpani – MB BS PhD FRACP FAF PHM
The above named Directors held office during and since the end of the financial year except for:
Penelope Le Couteur (resigned 27 May 2009)
Greg Bittar (appointed 27 May 2009)
Yooie Choi (resigned 4 August 2009)
Sarah Cordle (resigned 30 April 2009)
Anthea Green (appointed 27 May 2009)
Borislav Kotic (appointed 27 May 2009)
John Schroder (resigned 30 June 2009)
Stuart Washington
(granted leave of absence September 2008 to April 2009)
The company secretaries who held office during the year or since the end of the financial year are:
Sheridan Dudley
Jan Allan
Principal activity
The company’s principal activity in the course of the financial year was that of providing early childhood education and care.
Review of operations
The total reported deficit for the year is $48,086 (2008 Deficit: $2,929,294).
Changes in state of affairs
During the financial year there was no significant change in the state of affairs of the company other than that referred
to in the financial statements or notes thereto.
Subsequent events
As at 28 February 2010, the available-for-sale investments (disclosed at Note 9) have declined in fair value by $56,683
since year end. No purchase or sales have been made within the portfolio.
Future developments
Disclosure of information regarding likely developments in the operations of the company in future financial years
and the expected results of those operations is likely to result in commercially sensitive information being revealed.
Accordingly, this information has not been disclosed in this report.
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KU Children’s Services