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CONTENTS
CORPORATE SCORECARD EXECUTIVE INTRODUCTION CORPORATE OVERVIEW LEGISLATION ADMINISTERED BY FORESTRYSA SIGNIFICANT ACHIEVEMENTS INITIATIVES 2002–2003 KEY INITIATIVES AND TARGETS FOR 2003–2004 THE CORPORATE STRUCTURE SA FORESTRY CORPORATION BOARD AND CORPORATE GOVERNANCE COMPOSITION OF THE BOARD RESPONSIBILITIES OF THE BOARD BOARD COMMITTEES Review committees BUSINESS SUSTAINABILITY BUSINESS PERFORMANCE Financial Overview Business Outlook PRODUCTION ACTIVITIES Marketing and Sales Procurement Plantation Establishment Research and Health Forest Protection Integrated Management Systems and Continual Improvement Forest Resource Information FORESTRY DEVELOPMENT and policy Forestry Development POLICY COMMUNITY SERVICE ACTIVITIES Native Forest Management Major Community Events Community Involvement Forest Visitors CORPORATE SUSTAINABILITY BUSINESS SUSTAINABILITY REPORT EXECUTIVE EMPLOYMENT, STAFF EMPLOYMENT AND OTHER HUMAN RESOURCES MATTERS Human Resources Development DEVELOPMENT PLAN AND QUALIFICATIONS TRAINING EXPENDITURE LEAVE MANAGEMENT Workforce Diversity – Indigenous Employees Disability Cultural and Linguistic Diversity (*voluntary information only) Voluntary Flexible Working Arrangement Age Profile Equal Employment Opportunity Programs Occupational Health, Safety and Injury Management CONTRACTUAL ARRANGEMENTS FRAUD USE OF CONSULTANTS ACCOUNT PAYMENT SUMMARY INTERNATIONAL TRAVEL FREEDOM OF INFORMATION STATEMENT ENERGY EFFICIENCY ACTION PLAN ABORIGINAL RECONCILIATION STATEMENT CHARTER OF THE SA FORESTRY CORPORATION FOREST STATISTICS APPENDIX A APPENDIX b APPENDIX C APPENDIX D FINANCIAL STATEMENT STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2003 STATEMENT OF FINANCIAL POSITION AT 30 JUNE 2003 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2003 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 1 ROLE AND FUNCTION OF THE SOUTH AUSTRALIAN FORESTRY CORPORATION 2 ACCOUNTING POLICIES 3 FUNDING 4 CHANGE IN NET MARKET VALUE OF GROWING TIMBER 5 PROFIT 6 INCOME TAX 7 BAD AND DOUBTFUL DEBTS 8 AUDITORS REMUNERATION 9 RECEIVABLES 10 INVENTORIES 11 OTHER CURRENT ASSETS 12(a) PROPERTY, PLANT AND EQUIPMENT 12(b) PROPERTY, PLANT AND EQUIPMENT MOVEMENT SCHEDULE 13 OTHER NON CURRENT ASSETS 14 CREDITORS AND ACCRUALS 15 INTEREST BEARING LOAN 16 PROVISIONS 17 OTHER LIABILITIES 18 EQUITY 19 BASE CAPITAL 20 RETAINED PROFITS 21 DIVIDENDS PAID AND PROPOSED 22 RESERVES 23 EXPENDITURE COMMITMENTS 24 STATEMENT OF CASH FLOWS 25 SCHEDULE OF ADMINISTERED ITEMS 26 REMUNERATION OF DIRECTORS AND EMPLOYEES 27 RELATED PARTY DISCLOSURES 28 FINANCIAL INSTRUMENTS AUDITOR GENERAL’S REPORT
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