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DIRECTORS’ REPORT
DIRECTORS’ MEETINGS
The number of committee meetings the club’s Board of Directors (the Board) held during the year ended 31 December 2021 and the number of committee meetings attended by each director were:
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* Other meetings include committee meetings to which not all directors are eligible to attend.
DIRECTORS’ REPORT MEMBERSHIP
The company is a company limited by guarantee and is without share capital. The number of members as at 31 December 2021 and the comparison with last year is as follows:
MEMBERS’ LIMITED LIABILITY
In accordance with the Constitution of the company, every member of the company undertakes to contribute an amount limited to $2 per member in the event of the winding up of the company during the time that he or she is a member or within one year thereafter. The total liability in the event of winding up is $94,462 (2020: $100,470).
Operating Result
The table below shows a reconciliation of Blacktown Workers Club Limited earnings before interest, income tax, depreciation, amortisation, gains and impairment losses. This is referred to as EBITDA.
