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Finances
Directors' report
The directors present their report on the Australian Library and Information Association Limited ('the Association'), for the year ended 31 December 2001.
1. Directors
The following persons are directors of the Association at the date of this report: Dr Angela Bridgland, Dr Alan Bundy, Mr Kevin Dudeney (appointed on 11 May 2001), Prof Joyce Kirk, Ms Moira McAllister (appointed on 11 May 2001), Dr Naida Tattersall and Ms Christine Seaman. Mairéad Browne and Craig Anderson were directors from the beginning of the financial year until resignation on 10 May 2001. Details of their qualifications and experience and meetings attended are set out in sections 9 and 10 of this report.
2. Principal activity
The principal continuing activity of the Association during the past year was representing the interests of members engaged in the library and information science profession.
3. Trading results
| |
2001
$ |
2000
$ |
| Operating surplus |
(118236) |
62534 |
4. Review of operations
| Revenue from operating activities |
1786509 |
2528769 |
| Revenue from outside the operating activities |
| Rental income received/receivable |
268971 |
254688 |
| Interest received/receivable |
310540 |
282451 |
| Proceeds on sale of non-current asset |
54 |
740 |
| |
2366074 |
3066648 |
The operations of the Association continue to be based on representing the interests of members engaged in the library and information science profession.
5. Dividends paid or proposed
In accordance with the Constitution, the Association is a company limited by guarantee. Under its rules, the Association is prohibited from the payment of a dividend to members.
6. Significant changes in the state of affairs
There was no significant change in the state of affairs of the Association during the year ended 31 December 2001.
7. Matters subsequent to the end of the financial year
At the date of this report there is no matter or circumstance which has arisen since 31 December 2001 that has significantly affected or may significantly affect the results of those operations or the state of affairs of the Association in subsequent years.
8. Directors' benefits
Since 31 December 2000, no director of the Association has received, or become entitled to receive, a benefit because of a contract that the director, a firm with which the director is a member, or an entity in which the director has a substantial financial interest, has made during the year ended 31 December 2001, or at any other time with the Association.
9. Information on directors
Angela Bridgland BA TTC GDipLib MEd(Admin) PhD FALIA; Director, serving second year on Board
Alan Bundy BA DipEd MLitt MLib PhD FALIA AFAIM; President, serving second year on Board
Kevin Dudeney BAppSc ADipA(LP) ALIATec; Director, serving first year on Board
Joyce Kirk BA DipEd MA(Lib) MLitt MllnfSc ARMA FALIA; Vice-president, serving second year on Board
Moyra McAllister BSc(Hons) GDipLibStud GDipBusinfoTech AALIA; Director, serving first year on Board
Christine Seaman ALAA; Director, serving second year on Board
Naida Tattersall TTC BA(Lib) DipTL GCert(TD) MEd(Admin) PhD AALIA; Director, serving second year on Board
10. Board meetings
The following table sets out the number of full meetings of the Board of Directors attended by each director.
| |
Meetings attended |
Meetings held |
| Mr Craig Anderson |
2 |
2 |
| Dr Alan Bundy |
6 |
6 |
| Dr Angela Bridgland |
5 |
6 |
| Prof Mairéad Browne |
1 |
2 |
| Mr Kevin Dudeney |
5 |
5 |
| Prof Joyce Kirk |
5 |
6 |
| Ms Moyra McAllister |
4 |
5 |
| Ms Christine Seaman |
6 |
6 |
| Dr Naida Tattersall |
6 |
6 |
11. Environmental regulations
The Association has assessed whether there are any particular or significant environmental regulations which apply. It has not identified any compliance breaches during the year.
12. Indemnification and insurance of officers
During the year the Association paid insurance premiums totalling $6045 (2000: $3624) in respect of directors' and officers' liability insurance. The directors' and officers' liability insurance provides cover against all costs and expenses involved in defending legal actions and any resulting payments arising from a liability to persons (other than the Association or a related body corporate) incurred in their position as director or executive officer unless the conduct involved wilful breach of duty or improper use of inside information or position to gain advantage. The policy does not specify the premium for individual directors and executive officers.
13. Auditor
PricewaterhouseCoopers continues in office in accordance with section 327 of the Corporations Law. This report is made in accordance with a resolution of the directors.
Alan Bundy
Director
Joyce Kirk
Director
Canberra 13 March 2002
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