The Upper Spencer Gulf Resource Industry Cluster ANNUAL REPORT 2013-14
CONTENTS Acknowledgements About GMUSG and Strategic Direction Board and Management Chairman ’ s Report Manager ’ s Report Priorities for Action 2014-15 Operating Budget 2014-15 New Members 2013-14 Audited Financial Statements 2013-14 2
ACKNOWLEDGEMENTS We are pleased to present the Global Maintenance USG Inc. 2013-14 Annual Report to members; funding partners; sponsors; and stakeholders. We wish to acknowledge significant funding and ongoing support from the South Australian Department of State Development (DSD) and the Upper Spencer Gulf Common Purpose Group Inc. We also acknowledge our corporate sponsors. Their contribution towards our Annual Conference and Trade Expo underpins this important event. Our Sponsors for the 2014 Conference are listed below: - 3
ABOUT GMUSG STRATEGIC DIRECTION GMUSG is a not-for-profit association incorporated under the South OUR VISION Australian Associations Incorporation Act, with members primarily Global Maintenance USG suppliers are innovative; interconnected; resource sector suppliers and service providers. Members are competitive; and valued by major customers. Global Maintenance typically based within, or associated with, the Upper Spencer Gulf USG is recognised as an effective enabler to maximise local region of South Australia. business participation. GMUSG originated in 2002 as an initiative of local contractors with support from the Upper Spencer Gulf Common Purpose Group and OUR MISSION the South Australian Government. GMUSG developed as one of the In partnership with our Members; our Customers; and Stakeholders; State’s first Indu stry Clusters. Clusters are typically a group of we will maximise local participation within Resources, Energy and independent enterprises working collaboratively within a common Manufacturing supply-chains industry sector and geographic area with an aim to improve productivity, foster innovation and increase local business OBJECTIVES participation. 1. Develop organisational collaboration GMUSG draws on collective resources, market intelligence and 2. Establish a positive reputation for GMUSG suppliers expertise to improve member capabilities; market linkages; and 3. Develop member capability ultimately business opportunities. GMUSG is now established as an 4. Increase member awareness of market trends and important part of the Upper Spencer Gulf economic development opportunities framework and will continue to play its part to enhance the 5. Increase member participation in major projects and ongoing prosperity and sustainability of Upper Spencer Gulf communities. maintenance and supply markets 4
BOARD AND MANAGEMENT Greg Clothier – Chairman Rob Gibb Claire Wiseman Steve Arndt General Manager Director Chief Executive Officer Principal Regional Community and Complete Pest Control Pty Ltd GIBBRAC Pty Ltd Regional Development Australia Far North Indigenous Affairs – Uranium BHP Billiton Alexander O’Shea Andrew Hiscock Darren Lamb David McPherson Project Engineer Operations Manager General Manager Compliance Officer Asset Management S J Cheesman E & A Contractors ODT Australis Nystar Port Pirie Pty Ltd Ed Milne Michael Edwards Mark Malcolm - Manager Managing Director Commercial Manager Manager FTE Solutions Max Crane & Equipment Hire (SA) Pty Ltd Global Maintenance USG 5
CHAIRMANS REPORT our panel of procurement experts. We’ll continue the program It is with pleasure that I present the Global Maintenance Upper through 2015 and add additional programs and services where we Spencer Gulf Inc. (GMUSG) Annual Report for 2013-2014. This report can demonstrate similar value to members. provides members, funding partners and stakeholders with relevant information regarding GMUSG activities over the past 12 months. The economic slowdown has had a dramatic effect on most mining and energy producers and project developers. As a consequence The Board wishes to express its sincere thanks to Mark Malcolm for our members are experiencing fewer project opportunities and price his stewardship of GMUSG over the past 12 months. During the year pressures for ongoing maintenance and supply. On a brighter note, Mark has been particularly active supporting our members and conference presentations by BHP-Billiton, Nyrstar, Santos and Petro engaging various government and industry bodies to enhance and Diamond Australia suggest an improved market outlook for 2015. grow our stature as South Australia’s resource industry supply -chain cluster. The 2014 Conference held in the city of Whyalla proved the resources and energy industry is a resilient group with over 380 Due diligence has been undertaken during FY14 with regards to attendees and 40 trade displays over the two days. It was refreshing establishing a Contracting Entity under the GMUSG structure. A final to see firsthand the collective confidence in the room and report is due in 2015 and while the process has been slow, the cost particularly the degree of networking and business deals taking incurred has been minimal. Additionally we have now added the place. Together with our partner SACOME we have begun the concept of using joint venture agreements between members process of planning the 2015 Conference. Port Augusta is excited to based on templates developed by the Federal Government and be hosting us for the first time since 2010 and will showcase their Australian Steel Institute. Results will be distributed to members new $16 m facility at Central Oval. The target for the 2015 once received. conference is to exceed 400 delegates and 60 trade exhibitors. Introduction of quarterly SA Resources Supply-Chain Panels in partnership with Ausindustry has proven valuable for small and medium size contractors wanting to test their market readiness with 6
You would recall the Board’s decision earlier this year to return I would like to acknowledge the Department for State Development annual membership subscriptions to 2012 levels. Our action on fees (DSD) and the Upper Spencer Gulf Common Purpose Group for was in direct response to member feedback and we believe in the their funding contributions and ongoing support for our work. In best interests of GMUSG and its members. The Board will particular, we acknowledge the contribution of Alan Fiebig who recommend holding annual fees at current levels at the 2014 AGM. recently retired from DSD. Alan has remained a supporter and adviser to GMUSG since its inception and it was gratifying to GMUSG is in a sound financial position; our membership base is acknowledge him and his wife Sally at the 2014 Conference and strong; and our reputation within the resource sector and Trade Expo. government is creating opportunities for us to influence direction in the interests of our members. In summary 2013-14 has been another In closing I also take this opportunity to thank fellow Board members sound year for GMUSG who volunteer their time and skills on behalf of our membership. In particular we thank Claire Wiseman who will resign from the Board at our AGM. Greg Clothier CHAIRMAN Figure 1 - Alan Fiebig, 2nd from right, acknowledged for services to GMUSG at the 2014 Conference in Whyalla 7
It should be noted that net assets include $60,000 received from the MANAGER’S REPORT Department of State Development (formerly DMITRE) as the final The following provides an overview of our operations for 2013-14 instalment our 2-year funding agreement with State Government. and also incorporates activities up to and including our Conference $60,000 received under that agreement in June 2013 is to support and Trade Expo held in Whyalla on 3rd and 4th September. our 2014-15 activities. Consistent membership revenue and conference surpluses over the Administration and Finance past 3 years contributed significantly to our strong financial position. The Port Augusta office of RDA Far North continues to provide Surpluses generated in 2012 and 2013 have enabled us to accounting and administration services in support of GMUSG. undertake several initiatives this year including: - Bronwyn Fuller, Office Manager and Shari Dodd, Administration 1. Completion of the GMUSG Promotional Video Officer, perform these tasks on our behalf and provided excellent 2. Upgrade of the GMUSG Website and development of our support over the past 12 months. stand-alone Conference website GMUSG financial position remains strong despite an operating 3. Operation of the successful SA Resource Industry Supply deficit of $25,231 for 2013-14. A deficit this year is largely due to Chain Panels timing of Conference income and expenditure which is typically Our budget for 2014-15 (see later Section) indicates a small deficit. spread across 2 financial reporting periods. A later date for the 2014 Our strong cash position enables us to maintain a higher than Conference and a slow start to Conference sales tended to normal level of activity, however, GMUSG will need to address its understate our 2013 income. This impact will be reversed for 2014-15 relatively small revenue base if we want to continue current levels of income. service and activity beyond the medium term. Our cash position remains strong with $169,625 cash on hand at 30 June 2014. 8
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