						CONTENTS

Contents ForestrySA Home
	Corporate Overview
		Our vision				CORPORATE PROFILE CORPORATE SCORECARD EXECUTIVE INTRODUCTION CORPORATE OVERVIEW LEGISLATION ADMINISTERED BY FORESTRYSA SIGNIFICANT ACHIEVEMENTS AND INITIATIVES 2003-2004 KEY INITIATIVES AND TARGETS FOR 2004-2005 CORPORATE STRUCTURE SOUTH AUSTRALIAN FORESTRY CORPORATION BOARD AND CORPORATE GOVERNANCE FREEDOM OF INFORMATION STATEMENT CHARTER OF THE SOUTH AUSTRALIAN FORESTRY CORPORATION SOCIAL SOCIAL SCORECARD COMMUNITY FORESTRY SPONSORSHIPS AND MAJOR COMMUNITY EVENTS Forest Reserves COMMUNITY EVENTS FORESTRY DEVELOPMENT POLICY ABORIGINAL RECONCILIATION STATEMENT HUMAN RESOURCES MATTERS ORGANISATIONAL DEVELOPMENT EQUAL EMPLOYMENT OPPORTUNITY PROGRAMS OCCUPATIONAL HEALTH, SAFETY & INJURY MANAGEMENT ENVIRONMENTAL ENVIRONMENTAL SCORECARD FORESTRYSA’S ENVIRONMENTAL MANAGEMENT POLICY INTEGRATED MANAGEMENT SYSTEMS AND CONTINUAL IMPROVEMENT INTEGRATED RISK MANAGEMENT RESEARCH AND FOREST HEALTH NATIVE FOREST MANAGEMENT FOREST FIRE PROTECTION ENERGY EFFICIENCY ACTION PLAN ECONOMIC ECONOMIC SCORECARD BUSINESS PERFORMANCE PRODUCTION ACTIVITIES CONTRACTURAL ARRANGEMENTS FRAUD USE OF CONSULTANTS ACCOUNT PAYMENT SUMMARY INTERNATIONAL TRAVEL FOREST STATISTICS FINANCIAL STATEMENT STATEMENT OF FINANCIALperformance AT 30 JUNE 2004 STATEMENT OF FINANCIAL POSITION AT 30 JUNE 2004 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2004 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 1 ROLE AND FUNCTION OF THE SOUTH AUSTRALIAN FORESTRY CORPORATION 2 summary of significant accounting policies 3 CHANGES IN ACCOUNTING POLICIES 4 FUNDING 5 CHANGE IN NET MARKET VALUE OF GROWING TIMBER 6 PROFIT 7 INCOME TAX 8 BAD AND DOUBTFUL DEBTS 9 AUDITORS REMUNERATION 10 RECEIVABLES 11 INVENTORIES 12 OTHER CURRENT ASSETS 13 (a) PROPERTY, PLANT AND EQUIPMENT 13 (b) PROPERTY, PLANT AND EQUIPMENT MOVEMENT SCHEDULE 14 Tax asssets 15 CREDITORS AND ACCRUALS 16 Employee benefits 17 INTEREST BEARING LOAN 18 tax liabilities 19 OTHER LIABILITIES 20 EQUITY 21 contributed equity 22 RETAINED PROFITS 23 DIVIDENDS PAID AND PROPOSED 24 RESERVES 25 EXPENDITURE COMMITMENTS 26 STATEMENT OF CASH FLOWS 27 SCHEDULE OF ADMINISTERED ITEMS 28 REMUNERATION OF DIRECTORS AND EMPLOYEES 29 RELATED PARTY DISCLOSURES 30 FINANCIAL INSTRUMENTS AUDITOR GENERAL’S REPORT GLOSSARY

		ForestrySA will be valued by the community as a best practice business providing customer-preferred forestry products, services and experiences.

		Our mission

		Our mission is to operate an innovative and sustainable plantation forestry business, producing and marketing high quality products and services and providing expert forest advice for the benefit of the people, environment and economy of South Australia.

		Our Role

		ForestrySA: • Manages plantation forests for commercial production in line with best practice standards for forestry operations and environmental management. • Undertakes, and where appropriate commercialises, forestry related research for the benefit of ForestrySA and the State. • Maximises the value of ForestrySA. • Fosters and supports the growth of an internationally competitive forestry industry within South Australia. • Encourages and facilitates regionally based economic activities based on forestry and related industries. • Actively participates in regional resource protection initiatives and programs. • Engages in environmental sustainability, which assists in the protection of natural assets and market accessibility. • Engages in cooperative research activities.

	OUR VALUES

	ForestrySA values continuous improvement in the following: Social • Development of enthusiastic and motivated people in a safe work place; • Involvement with our communities; • Constructive communication with interest groups and individuals; • A cooperative approach to industry development and protection activities. Environment • Sustainable land management practices; • Conservation of biodiversity, landscapes and heritage; • Wise use of resources. Economic • Ethical business practices; • Competitive and innovative business; • Regional development.
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