Directors' report

The Directors present their report on the Australian Library and Information Association Limited ('the Association'), for the year ended 31 December 2004.

Directors

The following persons were directors of the Association during the whole of the financial year and up to the date of this report unless otherwise stated: Dr Angela Bridgland (retired 20 May 2004), Ms Deanne Barrett (retired 20 May 2004), Mr Kevin Dudeney, Ms Imogen Garner, Ms Christine Mackenzie (retired 20 May 2004), Ms Vicki McDonald (retired 20 May 2004), Ms Ann Ritchie, Dr Gillian Hallam (appointed 21 May 2004), Ms Meredith Martinelli (appointed 21 May 2004), Ms Roxanne Missingham (appointed 21 May 2004), Ms Carol Newton-Smith (appointed 21 May 2004).

Principal activities

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.

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.

Review of operations

A summary of the Association's revenues and results is set out below:

	segment revenues
	2004 $	2003 $	2004 $	2003 $
Revenue from operating activities	1 941 056	1 894 033	1 941 056	1 894 033
Revenue from outside the operating activities
Rental income received	323 633	290 474	323 633	290 474
Interest received	170 876	190 023	170 876	190 023
	2 435 565	2 374 530	2 435 565	2 374 530
Net (deficit)/surplus			(30 448)	85 900

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 2004.

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 2004 that has significantly affected or may significantly affect the results of those operations or the state of affairs of the Association in subsequent years.

Environmental regulation

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.

Information on directors

Mr Kevin Dudeney	A DipA(LP) BAppSc ALIATec	Director, serving fourth year on Board of Directors
Ms Imogen Garner	LAARegExam, BA BEd GDipMgt MEd AALIA	President from 21 May 2004, serving second year on Board of Directors
Dr Gillian Hallam	BA(Hons) GradCertEd(HigherEd) GDipLSc MA PhD AALIA	Vice-president from 21 May 2004, serving first year on Board of Directors, company secretary
Ms Meredith Martinelli	BSc(LT) ALIATec	Director, serving first year on Board of Directors
Ms Roxanne Missingham	BSc GDipLib AALIA	Director, serving first year on Board of Directors
Ms Carol Newton-Smith	BA GDipLib MCom AALIA	Director, serving first year on Board of Directors
Ms Ann Ritchie	BAppSc(LibSt) GDip Hlth Promotion MSc Public Health AALIA	Director, serving second year on Board of Directors
Ms Deanne Barrett	BAppSc(LibSt) GDipBus (Mgt St) AALIA	Director, retired 20 May 2004
Dr Angela Bridgland	BA TTC GDipLib MEd(Admin) PhD FALIA	Director, retired 20 May 2004
Ms Vicki McDonald	LibTech Cert BA(Lib) GDipBusAdmin AALIA	Director, retired 20 May 2004
Ms Christine Mackenzie	BA GDipLib GDipMgt AALIA	President, retired 20 May 2004

Meetings of directors

The numbers of meetings of the Association's Board of Directors held during the year ended 31 December 2004, and the numbers of full meetings attended by each director were:

	meetings attended	number of meetings held during the time that the director held office during the year
Ms Deanne Barrett	2	2
Dr Angela Bridgland	2	2
Mr Kevin Dudeney	6	6
Ms Imogen Garner	6	6
Dr Gillian Hallam	4	4
Ms Vicki McDonald	2	2
Ms Christine Mackenzie	2	2
Ms Merdith Martinelli	4	4
Ms Roxanne Missingham	4	4
Ms Carol Newton-Smith	4	4
Ms Ann Ritchie	6	6

8. Directors' benefits

Since 31 December 2003, no director of the Association has receive, 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 2004, or at any other time with the Association.

Insurance of officers

During the financial year, the Association paid a premium of $6 702 (2003: $6 702) in respect of directors' and officers' liability insurance.

The liabilities insured are costs and expenses that may have been incurred in defending civil or criminal proceedings that may be brought against the officers in their capacity as officers and entities in the company, and any other payments arising from liabilities incurred by the officers in connection with such proceedings, other than where such liabilities arise out of conduct involving a wilful breach of duty by the officers or the improper use of their position or of information to gain advantage for themselves or someone else or to cause detriment to the company. It is not possible to apportion the premium between amounts relating to the insurance against legal costs and those relating to other liabilities.

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.

Imogen Garner
Director

Gillian Hallam
Director

Canberra, 14 March 2005

Directors' declaration

The directors declare that the financial statements and notes set out on pages 9 to 16:

comply with Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements; and
give a true and fair view of the Association's financial position as at 31 December 2004 and of its performance, as represented by the results of its operations and its cash flows, for the financial year ended on that date.

In the directors' opinion:

the financial statements and notes are in accordance with the Corporations Act 2001; and
there are reasonable grounds to believe that the Association will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the directors.

Imogen Garner
Director

Gill Hallam
Director

Canberra, 14 March 2004

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