Event Hospitality & Entertainment : 2020 Annual Report

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AnnualEVENT HOSPITALITY & ENTERTAINMENT LIMITED

Report

2020

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Section			Page
Directors' Report		2
Message from the Chairman regarding the Remuneration Report		20
Directors' Report: Remuneration Report - Audited		21
Lead Auditor's Independence Declaration		34
Statement of Financial Position		35
Income Statement		36
Statement of Comprehensive Income		37
Statement of Changes in Equity		38
Statement of Cash Flows		39
Notes to the Financial Statements
Section 1 - Basis of preparation
1.1	- Reporting entity		40
1.2	- Basis of preparation		40
1.3	- Foreign currency		43
1.4	- New and amended accounting standards adopted by the Group		44
Section 2 - Performance for the year
2.1	- Revenue		49
2.2	- Segment reporting		53
2.3	- Individually significant items		58
2.4	- Discontinued operations		58
2.5	- Taxation		60
2.6	- Earnings per share		63
Section 3 - Operating assets and liabilities
3.1	- Trade and other receivables		64
3.2	- Inventories		65
3.3	- Property, plant and equipment		65
3.4	- Investment properties		70
3.5	- Goodwill and other intangible assets		71
3.6	- Trade and other payables		73
3.7	- Provisions		73
3.8	- Commitments and leases		75
3.9	- Other liabilities		79
Section 4 - Capital structure and financing
4.1	- Share capital		80
4.2	- Dividends		81
4.3	- Reserves		82
4.4	- Loans, borrowings and financing arrangements		83
4.5	- Financial risk management		84
Section 5 - Group composition
5.1	- Business combinations		89
5.2	- Subsidiaries		90
5.3	- Interests in other entities		93
Section 6 - Employee benefits and related party transactions
6.1	- Share-based payments		97
6.2	- Director and executive disclosures		100
6.3	- Related parties		101
Section 7 - Other information
7.1	- Contingent liabilities		102
7.2	- Reconciliation of (loss)/profit for the year to net cash provided by operating activities	102
7.3	- Auditors' remuneration		103
7.4	- Parent entity disclosures		104
7.5	- Events subsequent to reporting date		105
7.6	- Deed of Cross Guarantee		106
Directors' Declaration		108
Independent Auditor's Report		109
Shareholder Information		116
Other Information		118

1 EVENT Hospitality & Entertainment Limited - 2020 Annual Report

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The directors present their report together with the financial report of EVENT Hospitality & Entertainment Limited, being the Company and its controlled entities ("Group"), for the year ended 30 June 2020 and the auditor's report thereon.

DIRECTORS

The directors of the Company in office at any time during or since the end of the year are:

AG Rydge (Chairman)

Director since 1978

KG Chapman

Director since 2010, resigned 27 August 2019

PR Coates

Director since 2009

VA Davies

Director since 2011

DC Grant

Director since 2013

JM Hastings (Managing Director and Chief Executive Officer)

Director since 2017

PM Mann

Director since 2013

RG Newton

Director since 2008.

Directors' qualifications, experience and independent status

Alan Rydge

Non-executive Chairman, Board member since 1978, Chairman of the Board since 1980. Member of the Audit and Risk Committee and member of the Nomination and Remuneration Committee.

Experience

A company director with more than 45 years of experience in the film, hospitality, leisure and tourism industries. Joined the Greater Union group in 1971 and was formerly the Group Managing Director.

Directorships

Mr Rydge is also a director of the listed company, Carlton Investments Limited (appointed 1980, chairman since 1980). In addition, Mr Rydge is chairman of Alphoeb Pty Limited and Enbeear Pty Limited.

2 EVENT Hospitality & Entertainment Limited - 2020 Annual Report