Contents

 

Income Statement

For the year ended 30 June 2016

  Notes 2016
$’000
2015
$’000
Revenue from continuing operations 4  333,862 375,573
Other income 4  5,925 5,302
       
Total Revenue   339,787 380,875
       
Expenditure from operating activities      
  Players and Umpires   (57,499) (77,160)
  Team Performance   (28,863) (25,633)
  Game & Market Development   (13,735) (11,560)
  Media, Communications & Marketing   (34,868) (34,787)
  Operations   (56,676) (50,970)
  Administration   (32,185) (27,149)
       
    (223,826) (227,259)
       
Share of 2015 Cricket World Cup host net profit accounted for using the equity method 10  51,052
       
Surplus from continuing operations   115,961  204,668 
       
Distributions to State Associations 26 106,259  106,003 
       
Surplus / (deficit) for the year   9,702 98,665

The above income statement should be read in conjunction with the accompanying notes.

 

Statement of Comprehensive Income

For the year ended 30 June 2016

Notes 2016
$’000
2015
$’000
Surplus / (deficit) for the year 9,702 98,665
 
Other Comprehensive Income
Items that may be reclassified to profit or loss
Changes in the fair value of cash flow hedges 26,025 (11,173)
26,025 (11,173)
     
Total Comprehensive income for the year 35,727 87,492

The above statement of comprehensive income should be read in conjunction with the accompanying notes.

 

Balance Sheet

As at 30 June 2016

Notes 2016
$’000
2015
$’000
CURRENT ASSETS
Cash and cash equivalents 6 198,859 80,902
Trade and other receivables 7 12,766 57,633
Inventories 8 1,801 932
Other 9 16,532 9,364
Accrued Distribution –  2015 Cricket World Cup host net profit 10  – 51,052
Forward foreign exchange contracts 12 3,190  –
Total current assets 233,148 199,883
 
NON-CURRENT ASSETS
Trade and other receivables 11 4,000  –
Forward foreign exchange contracts 12 17,651  –
Investments 13 72,728 30,868
Intangible assets 14 5,468 4,723
Investment property 15 1,525 1,525
Property, plant and equipment 16 36,892 35,145
Total non-current assets 138,264  72,261
 
TOTAL ASSETS 371,412 272,144
 
CURRENT LIABILITIES
Forward foreign exchange contracts 12 8,798
Trade and other payables 17 22,039 35,266
Provisions 18 81,210 67,042
Revenue received in advance 19 28,470 11,907
Total current liabilities 131,719 123,013
 
NON-CURRENT LIABILITIES
Forward foreign exchange contracts 12 1,026
Provisions 20 20,685 10,618
Revenue received in advance 21 69,113 23,319
Total non-current liabilities 89,798 34,963
 
TOTAL LIABILITIES 221,517 157,976
 
NET ASSETS 149,895 114,168
 
MEMBERS’ FUNDS
Hedging reserves 22 20,638  (5,387)
Accumulated funds 24 129,257 119,555
TOTAL MEMBERS’ FUNDS 149,895 114,168

The above balance sheet should be read in conjunction with the accompanying notes.

 

Statement of changes in equity

For the year ended 30 June 2016

Notes Hedging Reserve
$’000
Accumulated Funds

$’000
Total Equity
$’000
 
Balance at 1 July 2014 5,786 20,890 26,676
 
Changes in the fair value of cash flow hedges (11,173) (11,173)
Net income recognised directly into equity (11,173) (11,173)
Surplus/(Deficit) for year 98,665 98,665
Total recognised income and expense for the year (11,173) 98,665 87,492
Balance at 30 June 2015 22 & 24 (5,387) 119,555 114,168
Notes Hedging Reserve
$’000
Accumulated Funds
$’000
Total Equity
$’000
 
Balance at 1 July 2015 (5,387) 119,555 114,168
 
Changes in the fair value of cash flow hedges 26,025 26,025
Net income recognised directly into equity 26,025 26,025
Surplus/(Deficit) for year 9,702 9,702
Total recognised income and expense for the year 26,025 9,702 35,727
Balance at 30 June 2016 22 & 24 20,638 129,257 149,895

The above statement of changes in equity should be read in conjunction with the accompanying notes.

 

Cash Flow Statement

For the year ended 30 June 2016

Notes 2016
$’000
2015
$’000
Cash Flows from Operating Activities
Receipts from spectators, media, sponsors and customers 512,259 320,186
Payments to suppliers, players and employees (229,555) (174,683)
Payments to members (116,886) (116,603)
Interest received 4,165 2,316
Net cash inflow / (outflow) from operating activities 28 169,983 31,216
 
Cash Flows from Investing Activities
Payments for plant and equipment (8,026) (5,033)
Payments for investments (40,000) (30,000)
Loan provided to related party (4,000)
Net cash (outflow) from investing activities (52,026) (35,033)
     
Net increase / (decrease) in cash held 117,957 (3,817)
Cash at the beginning of the financial year 80,902 84,719
Cash at the end of the financial year 6 198,859 80,902

The above cash flow statement should be read in conjunction with the accompanying notes.