Finances

Directors' report

The directors present their report on the Australian Library and Information Association Limited ('the Association'), for the year ended 31 December 2002.

1. Directors

The following persons were directors of the Association during the financial year ended 31 December 2002 and up to the date of this report: Dr Angela Bridgland, Dr Alan Bundy (resigned 20 May 2002), Ms Deanne Barrett (appointed on 20 May 2002), Mr Kevin Dudeney, Professor Joyce Kirk, Ms Christine Mackenzie (appointed 20 May 2002), Ms Vicki McDonald (appointed 20 May 2002), Ms Moyra McAllister, Dr Naida Tattersall (resigned 20 May 2002), Ms Christine Seaman (resigned 20 May 2002). 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

4. Review of operations

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 2002.

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 2002 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 2001, 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 2002, or at any other time with the Association.

9. Information on directors
The directors of the Association at the date of this report:
Deanne Barrett BAppSc(LibSt) GDipBus (Mgt St) AALIA: Director, serving first year on Board of Directors
Angela Bridgland BA TTC G DipLib MEd(Admin) PhD FALIA: Director, serving third year on Board of Directors
Kevin Dudeney BAppSc A DipA (LP) ALIATec: Director, serving second year on Board of Directors
Joyce Kirk BA DipEd MA(Lib) MLitt MllnfSc ARMA FALIA: President, serving third year on Board of Directors
Moyra McAllister BSc(Hons) GDipLibStud GDip BusinfoTech AALIA: Director, serving second year on Board of Directors
Vicki McDonald BA(Lib) GDipBusAdmin Lib TechCert AALIA; Director, serving first year on Board of Directors
Christine Mackenzie BA GDipLib, GDipMgt, AALIA: Vice-president/secretary, serving first year on Board of Directors

10. Board meetings
The following table sets out the number of full meetings of the Board of Directors attended by each director.

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 $6710 (2001: $6045) 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 Act 2001. This report is made in accordance with a resolution of the directors.

Joyce Kirk
Director

Canberra 14 March 2003