Staff Matters 68

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Staff Matters

August 19, 2016- Issue 68 Week 8

Afford Report Successful Year

In this Issue Page 1 • Afford Report Successful Year

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Afford’s financial result for the year ended 30 June 2016 was spectacular. We delivered an operating surplus of $5.5M, and a total surplus of $7M including once-off capital grants. This was $1.5M ahead of budget. By comparison, total surplus for the previous financial year was only $200k. In delivering surpluses, we can pay off loans and invest in properties & programs. In the past year we were able to pay back loans of $10M. All properties where we provide services & factories are free of mortgages and we retrieved the title deeds this week – we have paid off the mortgage! The only properties that are currently mortgaged are our investment properties, and they continue to generate positive returns. This means we can guarantee services from these sites into the future and means job security for our employees. The only rental properties are Canley Vale & Belmore. The outlook for the current financial year is also very good, with a budgeted surplus of $5M. We are currently investing in new properties in order to grow our Client Services business in the North West and South West. In the last month we have purchased properties in Oran Park, Eschol Park and Rouse Hill for Day Program Services and another three are being considered. This will allow us to grow our footprint, increase our services and invest in new staff. Further we are launching exciting programs for our clients that are not funded by the Government including Club Afford, Carers’ Programs and the redevelopment of Cherrywood as a super site. We are also recruiting a Psychologist and Occupational Therapist to further improve the services we can provide to our clients with plans for other heath care specialists to join the team in the future. We find ourselves well positioned as we enter the NDIS operating environment!

T 02 8805 3700 E info@afford.com.au 12 Marieanne Place, Minchinbury 2770 afford.com.au

• Staff Profile • Afford Superstar, Roseanna, Saves The Day • Looking For Exceptional Staff

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• Keeping Up With Afford’s Pace

Page 4 • Customer Service Awards • Afford Selfies • Have A Laugh

Fun Fact There are 60,000 miles of blood vessels in the human body.


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