Download LIVING OUR VALUES: ENERGEX 2009/10 Annual Report and Financial Statements PDF

TitleLIVING OUR VALUES: ENERGEX 2009/10 Annual Report and Financial Statements
LanguageEnglish
File Size4.6 MB
Total Pages186
Table of Contents
                            Cover
Our Values
Our Purpose + Vision
ANNUAL REPORT
	About this report
	Contents
	Our profile
		Who we are
		Our network
		Our people
		Our customers and communities
		Our environment
		Our business ethics
		Our direction
	Highlights and challenges
	Financial highlights
	Statement of corporate intent highlights
	Chairman's report
	Board of Directors' profiles
	Corporate governance
		Principle 1 – Foundations of management and oversight
		Principle 2 – Structure the Board to add value
		Principle 3 – Promote ethical and responsible decision making
		Principle 4 – Safeguard integrity in fi nancial reporting
		Principle 5 – Make timely and balanced disclosure
		Principle 6 – Respect the rights of Shareholders
		Principle 7 – Recognise and manage risk
		Principle 8 – Remunerate fairly and responsibly
		Legislative framework
		Our corporate governance framework and organisational structure
		Our corporate governance framework and organisational structure
	Chief Executive Officer's report
	Executive team
	OPERATIONAL REVIEW
		put safety first
			KEY OUTCOMES 2009/10
			Put Safety first: OUTLOOK 2010/11
			Bushfire safety – everyone’s responsibility
		deliver balanced results
			KEY OUTCOMES 2009/10
			Community powerline improvement initiative
			New designs deliver a balanced outcome
			OUTLOOK 2010/11
		impress our customers
			KEY OUTCOMES 2009/10
			Showing our support on the water –ENERGEX Sandgate 1
			OUTLOOK 2010/11
		respect and support each other
		be a team player
			KEY OUTCOMES 2009/10
			Supporting our regional cousins when wild weather hits
			OUTLOOK 2010/11
		set a great example
			environment
				KEY OUTCOMES 2009/10
				New world-leading green home for ENERGEX
			research and development
				KEY OUTCOMES 2009/10
				Queensland household energy survey
				Innovative pool pump device nationally recognised
			OUTLOOK 2010/11
	Additional corporate reporting
	Glossary and abbreviations
	Index
FINANCIAL REPORT
	Contents
	Director's report
	Auditor's independence declaration
	Income statements
	Statements of comprehensive income
	Balance sheets
	Statements of changes in equity
	Cash flow statements
	Notes to and forming part of the financial statements
		1 Summary of significant accounting policies
		2 Profit from operations
		3 Income tax
		4 Discontinued operations and non-current assets held for sale
		5 Earnings per share (EPS)
		6 Cash and cash equivalents
		7 Trade and other receivables
		8 Inventories
		9 Other financial assets
		10 Property, plant and equipment
		11 Intangible assets
		12 Other assets
		13 Trade and other payables
		14 Long-term borrowings
		15 Provisions
		16 Other liabilities
		17 Contributed equity
		18 Reserves
		19 Retained earnings
		20 Dividends
		21 Non-controlling interests
		22 Financial risk management objectives and policies
		23 Financial instruments
		24 Commitments for expenditure
		25 Defined benefit obligations
		26 Investments in associates
		27 Investment in controlled entities
		28 Key management personnel
		29 Related parties
		30 Contingent assets and liabilities
		31 Auditor’s remuneration
		32 Events after the reporting period
	Directors' declaration
	Independent auditor’s report
                        
Document Text Contents
Page 2

PUT
SAFETY
FIRST
We are committed

to achieving an
injury free workplace

RESPECT
& SUPPORT
EACH OTHER

We value each
other’s views to achieve

success together

DELIVER
BALANCED
RESULTS

We are passionate and disciplined
about achieving our targets

to deliver sustainable performance

BE
A TEAM
PLAYER
We operate as a team
and leverage and learn

from each other

IMPRESS
OUR

CUSTOMERS
Servicing our customers

to ensure a
positive experience

SET
A GREAT
EXAMPLE

We create an environment
that encourages people to grow,
achieve goals and lead the way

We aim to live our corporate values every day.
They underpin everything we do as a company
and articulate what we see as most important.

Our values express who we are and all that
we aspire to be. They are the foundation
for our reputation and success.

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Supporting our regional cousins
when wild weather hits
A team of 27 ENERGEX crew members headed to
cyclone ravaged North Queensland this year to lend a
helping hand to electricity network owner Ergon Energy.

Tropical Cyclone Ului crossed the coast on 21 March
2010 leaving around 55,000 homes and businesses
without power for several days.

ENERGEX response manager Brian Uren said his crews
were pleased to be able to assist the people of North
Queensland.

“Although ENERGEX crews are based in South East
Queensland, wild weather responses are something
we’re well versed in,” Mr Uren said.

“Not only do we get our fair share of decent storms in
South East Queensland, many of our crews have assisted
in natural disasters such as Cyclone Larry in 2006 and the
Northern New South Wales fl oods last year.

“There’s always a sense of accomplishment when
restoring our own community’s power after wild weather
and we’re also equally pleased to be able to help the
North Queensland community and our regional cousins
at Ergon.”

Mr Uren said it was another illustration of ENERGEX’s
strong team work and supporting culture.

Pictured: Our crews assisted Ergon Energy to restore power to homes
and business in one of the cyclone-affected communities, Proserpine.

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