2019 Wenty Leagues Club Annual Report by Wenty Leagues

ANNUAL REPORT

2019

DIRECTORS

President: Ian McCann

Vice President: Trevor Simpson OAM

Adam Cromack

Laurie Capovilla

Alan Fowler

Justin Isaacs

VALE George Mumford

Robert Willis

OFFICE BEARERS HONORARY LIFE MEMBERS

MANAGEMENT

L. L. Rigby

1980

Deceased

Chief Executive Officer

Glenn Kovacs

W. L. Archer

1981

Deceased

Chief Operations Officer

Stuart Jamieson

R. A. McIntosh

1982

Deceased

Interim Chief Financial Officer

Richard Cassar

R. L. Collison

1982

Deceased

R. N. Downing

1984

Deceased

Gaming Manager

Christie Wheeler

J. R. Scott

1986

Deceased

Commercial Manager

Mary McTaggart

R. R. Howard

1987

Facilities Manager

Paul Felice

Human Resources Manager

Rebecca Green

T. P. Donoghue 1988

Deceased

W. F. Webster OAM 1991

Deceased

D. R. Cromack

1992

Deceased

K. F. Darke

1992

Deceased

B. J. Doyle

1993

Deceased

R. L. Mavin

1995

J. Felstead

1999

L. Capovilla

1999

N. Stoddart

1999

Deceased Deceased

T. Simpson OAM 2001 B. Bowman

2002

Deceased

A. Downing

2009

Deceased

A. Branson

2011

Deceased

J. Stephenson

2013

A. Cromack

2019

Auditors KPMG Bankers

Commonwealth Bank of Australia

Australia and New Zealand Banking Group

Solicitors

Frank Legal

62 ND ANNUAL REPORT 2019

WENTWORTHVILLE LEAGUES CLUB LIMITED - ABN 25 000 244 459 50 Smith St, Wentworthville NSW 2145 Phone: 02 8868 9200 Fax: 02 8868 9290 Email: info@wentyleagues.com.au www.wentyleagues.com.au

Wentworthville Leagues Club Limited Contents

President report

Chief executive report

Constitutional reporting

Directors' report

Lead auditor's independence declaration

Independent auditor's report

Directors' declaration

Statement of profit or loss and other comprehensive income

Statement of financial position

Statement of changes in members' funds

Statement of cash flows

Notes to the financial statements

President’s Report Dear Members,

On behalf of the Board I am pleased to submit to members the 62nd Annual Report of Wentworthville Leagues Club. Despite the considerable disruptions resulting from the Master Plan redevelopment, 2019 revenue increased by 6% to $69.7m. As Stage A and parts of Stage B of the Master Plan came into service, depreciation expense (a non-cash expense line) grew by 43% to $7.9m. At the same time, interest on borrowings to fund the Master Plan grew by 76% to $3.8m. As a result, we sustained a current year loss before tax of $1.9m for the 2019 year. Adding back non-cash costs to this result, your Club generated in excess of $10m in cash from operating activities, all of which was reinvested into our redevelopment. Our balance sheet remains strong with members funds totalling some $107m, which, with the impending completion of the Master Plan redevelopment, places us in a strong financial position for the future. During Stage B of the Master Plan construction, premium carparking spaces became operational, giving better access to our patrons from their car to the club. Additionally, it has improved pedestrian safety and the addition of a porte-cochere, enables drivers to drop off members and guests in front of the stunning water feature of our new grand entrance foyer. The successful launch of a premium dining outlet, CHAR Steak & Seafood Restaurant is soon to follow early next year as well as work beginning on ENVY Cocktail Lounge to compliment this dining offer. The final stages of the Master Plan will conclude with the construction of an impressive multi-space function centre, named Wenty Events set to launch mid-2020. As these works continue to progress, we’re grateful for the patience and understanding our members and guests have shown. Our aim has always been to manage the schedule to minimise disruptions as much as possible while ensuring to continue to deliver exceptional hospitality. Every year our community events continue to be well supported. Large crowds came out in droves at Magpie Family Fun Day to enjoy rides and animals on the backdrop of two great matches of Rugby League at Ringrose Oval. Carols on Ringrose also grew to another level with headlining artist, Paulini getting everyone into the Christmas spirit and to conclude the night, a spectacular fireworks display left everyone in awe. The 2020 Annual General Meeting will be held on Sunday 18 October in the Starlight Room at 10.00am and I look forward to seeing members at this meeting where the board will report on both our strong financial growth and further updates on the Master Plan. Prior to the meeting, I have some very sad news to report. Wenty Leagues Director, George Mumford sadly passed away in November after a long and brave battle with cancer. Over his many years serving on the Board, George’s contributions have helped guide Wenty Leagues towards a strong and positive future and he will be greatly missed. To conclude, I would like to thank my fellow Board Members for the highly professional manner they conduct themselves as directors and their continued support and dedication to Wenty Leagues. I also thank the management team for their hard work throughout the year and extend my thanks to the support of the families of the Board and Management Team for their understanding and patience. A warm thank you also goes to all our sporting clubs and members for your ongoing support.

Ian McCann President

Chief Executive Officer’s Report Dear Members,

We are closing in on the completion of the Board of Directors Master Plan and we thank you all for supporting our business throughout 2019. It is never easy to build while you have a live site with jack hammering, constant drilling, services turned off and on and not to mention dust! Your cooperation, patience and understanding throughout this has been appreciated by all and we cannot thank you enough for your continued loyalty. At the completion of this 4 year project, you will not be disappointed and Wenty Leagues Club will truly be “our home away from home”. Stage A of the Boards Master Plan, The Plaza opened in February and what an exciting and proud time for us all. Chefs Grill, Pizza Mama, Crave Desserts, Plaza Bar, the Pavilion, Alfresco dining & sports & the Clubby House for kids were opened and the expectations of our members and guests was overwhelmingly positive. Your favourite Dragon Noodle Bar reopened mid-year in the new Plaza and is now known as the Red Panda which has been very popular. This has given our members and guests a greater choice for their dining experience and not to mention the kids who don’t miss out either. Stage B of the Boards Master Plan began in March with the construction of a Warehouse, Porte Cochere, an additional 210 car parking spots at the front door of our new Foyer. The area is now operational and has made an immediate impact for our members and guests in getting in and around our venue. Our quality entertainment continues to be a destination for Friday and Saturday evenings in the Wenty Lounge and Saturday evenings in the Starlight Room. While we were unable to do our regular major promotion of a car, we still had a number of promotions around holidays, electronics and other goods, this helped us reach a milestone of 70,000 members. We cannot forget our community outside of the club. Our staff of volunteers continue to serve meals to the needy at Parramatta Mission along with donating supplies to help and assist at Christmas. We continue to sponsor two rooms at Ronald McDonald House and also help with Meals from the Heart for families who are doing it tough while their young ones are in hospital. Other program include Black Dog, Adam Gardiner Foundation & Youth Off The Streets who we are proud to raise money for through our Carols on Ringrose. In light of the news of the passing of one of our longstanding Directors, I would like to express our deepest and heartfelt condolences to the Mumford family during this difficult time. George was indeed an inspiration to us all and he will be truly missed. I wish to thank the Board of Directors for their ongoing support throughout what has been a challenging year and their efforts in ensuring we continue to support our members & community’s needs. A thank you also to the Management Team and Staff for their support and passion and whom continue to strive to provide exceptional hospitality for Wenty Leagues Club.

Glenn Kovacs Chief Executive Officer

Constitutional Reporting 2019 $ Member statement of benefit (Rule 70) The apportionment of the annual profit has been appropriated for improvements to the benefit for the members. Donation - Sporting bodies

789,740

Donation - Accredited incorporated sport and recreational clubs

264,647

Donations - Clubgrants and other

437,496

Ringrose Park & bowling greens

685,710

Subsidised entertainment (non-gaming and net of revenue)

670,151

Members expenses

162,671 3,010,416

Directors Honorariums (Rule 86: Allowance $57,000 + CPI) Position

Name

President

I McCann

13,040

Vice President

A Cromack

7,370

Director

L Capovilla

7,370

Director

A Fowler

7,370

Director

J Isaacs

7,370

Director

G Mumford

7,370

Director

T Simpson OAM

7,370

Director

R Willis

7,370 64,633

Directors expenses In accordance with the Constitution the total value of directors expenses under Rule 87 to Rule 93 (excluding Rule 92) for the year 2019 (indexed for CPI) is $155,632 (2018: $153,619). The actual expenditure for the year of $85,623 (2018: $87,620) is $70,369 and 45% below the amount allocated for the year and a decrease of $2,357 or -2% (decrease in 2018: $16,805 or -16%) below the costs of the prior year.

In accordance with the Constitution the Rule 92 Special functions and Rule 94 Club attire do not have approved amounts of expenditure but rather apply a "reasonable expenditure" test. The base year for the CPI annual increases is a combination of the adoption of the original Constitution in the year 2000 and subsequent amendments in the year 2005.

CPI

Constitution

Approved

Actual

Base Period

Allowance

Amount

Expenditure

Clubs NSW, Leagues Club Association and trade shows

Jan-05

36,000

50,343

19,307

Board meetings Club, charity and community attendance

Jan-00

18,000

29,733

28,809 11,957

Rule

Partner club, charity or community attendance

Jan-05

9,500

13,285

Director & guest - In house dinning

Jan-00

6,400

10,572

6,659

Annual sports, Board & AGM functions

Jan-00

25,000

41,296

15,668

Special function - service & achievement

Other expenses not specified in other rules

Uniform attire

N/A Jan-05 N/A

6,000

8,390

1,988

100,900

153,619

875 85,263

Constitutional Reporting Directors expenses (continued)

2019 $

Professional development and education (Rule 87) Clubs NSW

1,356

Leagues Club Association

9,190

Clubs NSW regional meetings, Gaming Expo conference and trade show and attendance other clubs.

8,761 19,307

Board meetings and community & charity attendance (Rule 88) Board meals & beverage Cab charge Club community & charity event

Partner attendance at community & charity events (Rule 89) Club community and charity events. Directors entertainment in house dining facilities (Rule 90)

19,436 9,373 28,809

11,957 6,659

Special functions (Rule 91) Annual Sports & Recreation club dinner AGM Annual Board dinner

15,668 15,668

Special functions (Rule 92) Service and achievement

Other expenditure (Rule 93) Club attire (Rule 94)

1,988 875

Aggregate sum of the 6 highest paid officers of the club (Rule 156 (b)(i)) The aggregate sum representing the annual salaries, bonuses and emoluments paid (when taken together) to the 6 highest paid Officers of the club including the CEO without reference to name or title (2018: $1,268,447) Registered members (Rule 156 (b)(ii)) The number of members registered at the end of the club's financial year (2018: $63,397)

1,240,863

69,383

Wentworthville Leagues Club Limited Directors' report For the year ended 31 December 2019 The directors present their report together with the financial report of Wentworthville Leagues Club Limited (the Company or the Club) for the financial year ended 31 December 2019 and the auditor’s report thereon. Directors The Directors of the Company at any time during or since the end of the financial year are: Name I McCANN President

Experience, qualifications, special responsibilities and interest in contracts Director 13 years including President 11 years. Chairman of Board’s Remuneration Committee and Property Corporate and Investment Committee, Sponsorship Committee and Disciplinary Committee. Director of Leagues Club Association. Delegate of member bodies of Clubs NSW and member of Club Directors Institute. Member of Clubs Corporate Governance Working Group, Boards Representative at Sports Council. Member of all Sporting Associations and patron of Darts Club and Cricket Club. Life member of WDRLFC. Interest in contracts - Nil

A CROMACK Vice President

Director 16 years including past Vice President for 6 years. Member of Boards Remuneration Committee, Sponsorship Committee and Disciplinary Committee. and Chairman of Audit Risk and Compliance Committee. Member of member bodies of ClubsNSW and Club Directors Institute. Delegate of Leagues Club Association. Alternate at Sports Council. Member of all Sporting Associations, including Life Member of WDRLFC. Interest in Contract: Platinum Electricians

A FOWLER Director

Director 9 years, including past Vice President for 2 years. Member of Board’s Audit Risk and Compliance Committee, Remuneration Committee and Sponsorship Committee. Member of Member Bodies of Leagues Club Association and Club Directors Institute. Member of all Sporting Associations. Interest in Contracts: Laing and Simmons Real Estate

L CAPOVILLA Director

Director 31 years. Honorary Life Member, Member of the Board’s Audit Risk and Compliance, Sponsorship Committee and Disciplinary Committee. Alternate at Sports Council, Delegate to Leagues Clubs Association and Member of ClubsNSW and Clubs Directors Institute. 30 years’ service Leagues Club Australia. Member of all Sporting Associations and Patron of Wenty Leagues Golf Club and Life Member of WDRLFC and WUJRLFC. Delegate of Football Club Reunion Committee. Interest in contracts - Nil

Wentworthville Leagues Club Limited Directors' report For the year ended 31 December 2019 Name

Experience, qualifications, special responsibilities and interest in contracts

T SIMPSON OAM Director

Director 20 years and Vice President 1 year. Honorary Life Member. Member of Board's Property Corporate and Investment Committee, Sponsorship Committee and Disciplinary Committee. Member of member bodies of Leagues Club Association, ClubsNSW and Club Directors Institute. Member of all Sporting Associations including,co-patron of Swimming, and co-patron and life member of Jujitsu and WUJRLFC. Recipient of Australian sports and Order of Australia medals and NSW senior achievement award. Leagues Club Australiaâ&#x20AC;&#x2122;s Board and Managers Service Awards 15 years. Cumberland Council Citizen of the Year 2017 Recipient of the Paul Harris Interest in contracts - Nil

J ISAACS Director

Director 11 years. Member of Board's Remuneration Committee and Audit, Risk and Compliance Committee, Sponsorship Committee and Disciplinary Committee. Member of member bodies of Leagues Club Association, ClubsNSW and Club Directors Institute. Member of all Sporting Associations including patron of Darts Club and Life member and President of Cricket Club and Member of the Monty Bennett Parks Trust. Interest in contracts - Wentworthville Leagues Cricket Club.

VALE G MUMFORD Director

Director 13 non consecutive years. Member of Board's Property Corporate and Investment Committee, Sponsorship Committee and Disciplinary Committee. Member of the Wenty Leagues Executive Master Plan Committee. Member of member bodies of Leagues Club Association, ClubsNSW and Club Directors Institute. Member of all Sporting Associations including Life Member of Men's Bowls Club. Interest in contracts - Nil

R WILLIS Director

Director 5 years. Vice President of Cricket Club. Member of the Board's Property Corporate and Investment Committee, Sponsorship Committee and Disciplinary Committee. Member of member bodies of Leagues Club Association, ClubsNSW and Club Directors Institute. Life Member of the Cricket Club and Member of all Sporting Associations. Member of the Monty Bennett Parks Trust. Interest in contracts - Wentworthville Leagues Cricket Club

Wentworthville Leagues Club Limited Directors' report (continued) For the year ended 31 December 2019 SHORT AND LONG TERM OBJECTIVES To promote and encourage the sport of Rugby League in the Wentworthville district. To be the community's venue of choice, that special destination every day of the week for that memorable experience. STRATEGY FOR ACHIEVING OBJECTIVES The objectives will be achieved through providing a value offering in product and service while increasing profitability in a quality hospitality and entertainment venue. PRINCIPAL ACTIVITIES The principal activities of the company during the course of the financial year were that of a licensed club. The purpose of the club is to promote and encourage the sport of Rugby League and to provide facilities and services to its members. ACTIVITIES IN ACHIEVING THE OBJECTIVES The principal activities provided a financial return sufficient to maintain the assets of the club, promote and encourage the sport of Rugby League in the Wentworthville district and provide, promote and develop an environment within the club directed towards good fellowship and social harmony amongst its members. MEASUREMENT OF PERFORMANCE The entity is measured against a financial budget, a strategic plan and a set of key performance indicators that are assigned to its senior management team. In addition, research is carried out to assess the team's performance with regard to the demographic of the area and our competition. MEMBERSHIP The company is limited by guarantee and without share capital. If the company is wound up, Rule 23 of the Constitution states that each member at that time, or within one year afterwards is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the company. As at 31 December 2019 there are 69,383 (2018: 63,397) current members across the following membership classes:Type Foundation life Honorary life Companion Life Twenty five year Fifty year Standard Concessional Staff

Number 30 9 4 1,979 463 52,540 14,296 62 69,383

RESULTS OF OPERATIONS The loss after tax for the financial year is $1,692,351 (2018: Profit $5,120,727).

Wentworthville Leagues Club Limited Directors' report (continued) For the year ended 31 December 2019 RESULTS OF OPERATIONS (continued) Comparative earning position (Loss) / Profit after tax Add: Finance costs Depreciation Tax expense Loss from disposal of plant, property and equipment Impairment of investment properties Reversal of impairment on investment properties Adjusted earnings

2019 (1,692,351)

2018 5,120,727

3,847,983 7,883,583 1,302,997

2,249,686 5,506,817 227,899 1,305,680

284,401 -

264,996 -

11,626,613

14,675,805

DIRECTORS' MEETINGS The following table sets out the number of Director's meetings held and attended during the year. During the year, 15 board meetings were held. Under the Board's Charter for its Committee the Directors along with management combine to undertake the responsibilities of the Property Corporate and Investment Committee, Audit Risk and Compliance Committee, Sponsorship Committee, Disciplinary Committee and Remuneration Committee meetings. The directors have also attended other meetings and functions in fulfilling their duties, inclusive but not limited to industry professional bodies, sporting associations, councils and political representatives functions and sporting club committees throughout the year.

Director Ian McCann Adam Cromack Robert Willis Laurie Capovilla Alan Fowler Justin Isaacs George Mumford Trevor Simpson OAM

Board meetings and Charter Committees Available Attendance 39 40 37 36 39 38 37 32 37 33 37 32 39 25 39 39 304 275

Other meetings 25 11 26 13 11 14 12 14 126

DIRECTORS' AND EXECUTIVES' REMUNERATION Remuneration of directors is in accordance with Rule 86 of the Constitution. Details of remuneration provided to directors is as follows:Directors I McCann (President) A Cromack (Vice President) L Capovilla A Fowler J Isaacs G Mumford T Simpson OAM R Willis

Honorarium 13,040 7,370 7,370 7,370 7,370 7,370 7,370 7,370 8

Wentworthville Leagues Club Limited Directors' report (continued) For the year ended 31 December 2019 DIRECTORS' AND EXECUTIVES' REMUNERATION (CONTINUED) Officers of the company The executive's remuneration package may contain the key elements of salary, superannuation and long service leave with benefits including motor vehicles and performance based incentive scheme.

In accordance with Rule 159 (b) of the Constitution, the aggregate remuneration representing the annual salaries, bonuses and emoluments provided to the 6 highest paid officers of the company is $1,240,863 (2018: $1,268,447). SUBSEQUENT EVENTS Subsequent to year end, the Federal Government issued a directive that all Registered Clubs were to cease operations until further notice as a result of COVID-19. Accordingly, the Company ceased operation on the 23rd March 2020 and similarly in accordance with government determinations reopened on 1 June 2020 with capacity restrictions in place. While the Company has recommenced operations, it is not possible to fully determine the nature or the extent of the impacts or the time over which the Company will be impacted, however the impact is material to the Company and the effects and consequences are outside the Companyâ&#x20AC;&#x2122;s control and are far reaching in Australia and globally. Other than the impacts and potential impacts of Coronavirus COVID-19 noted above, there have been no other events subsequent to reporting date which would have a material effect on the Companyâ&#x20AC;&#x2122;s financial statements at 31 December 2019. AUDITOR'S INDEPENDENCE DECLARATION The auditor's independence declaration is included on page 10. Signed in accordance with a resolution of the directors made pursuant to s298(2) of the Corporations Act 2001. Signed in accordance with a resolution of the directors:

I McCann Director Dated at Sydney, 25th June 2020

Lead Auditor’s Independence Declaration under Section 307C of the Corporations Act 2001 To the Directors of Wentworthville Leagues Club Limited I declare that, to the best of my knowledge and belief, in relation to the audit of Wentworthville Leagues Club Limited for the financial year ended 31 December 2019 there have been: i.

no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and

ii.

no contraventions of any applicable code of professional conduct in relation to the audit.

KPMG

Cameron Roan Partner Sydney 25th June 2020

KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.

Liability limited by a scheme approved under Professional Standards Legislation.

Independent Auditor’s Report To the Directors of Wentworthville Leagues Club Limited Report on the audit of the Financial Report

Opinion We have audited the Financial Report of Wentworthville Leagues Club Limited (the Company). In our opinion, the accompanying Financial Report of the Company is in accordance with the Corporations Act 2001, including:



giving a true and fair view of the Company’s financial position as at 31 December 2019 and of its financial performance for the year ended on that date; and

The Financial Report comprises: 

Statements of financial position as at 31 December 2019



Statements of profit or loss and other comprehensive income, Statements of changes in equity, and Statements of cash flows for the year then ended



Notes including a summary of significant accounting policies



Directors’ Declaration.

complying with Australian Accounting Standards - Reduced Disclosure Requirements and the Corporations Regulations 2001.

Basis for opinion We conducted our audit in accordance with Australian Auditing Standards. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the Financial Report section of our report. We are independent of the Company in accordance with the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the Financial Report in Australia. We have fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the Directors of Wentworthville Leagues Club Limited, would be in the same terms if given to the Directors as at the time of this Auditor’s Report.

KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.

Liability limited by a scheme approved under Professional Standards Legislation.

Other Information Other Information is financial and non-financial information in Wentworthville Leagues Club Limited’s annual reporting which is provided in addition to the Financial Report and the Auditor’s Report. The Directors are responsible for the Other Information. Our opinion on the Financial Report does not cover the Other Information and, accordingly, we do not express an audit opinion or any form of assurance conclusion thereon. In connection with our audit of the Financial Report, our responsibility is to read the Other Information. In doing so, we consider whether the Other Information is materially inconsistent with the Financial Report or our knowledge obtained in the audit, or otherwise appears to be materially misstated. We are required to report if we conclude that there is a material misstatement of this Other Information, and based on the work we have performed on the Other Information that we obtained prior to the date of this Auditor’s Report we have nothing to report.

Responsibilities of the Directors for the Financial Report The Directors are responsible for: 

preparing the Financial Report that gives a true and fair view in accordance with Australian Accounting Standards - Reduced Disclosure Requirements and the Corporations Act 2001



implementing necessary internal control to enable the preparation of a Financial Report that gives a true and fair view and is free from material misstatement, whether due to fraud or error



assessing the Company’s ability to continue as a going concern and whether the use of the going concern basis of accounting is appropriate. This includes disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the Financial Report Our objective is: 

to obtain reasonable assurance about whether the Financial Report as a whole is free from material misstatement, whether due to fraud or error; and



to issue an Auditor’s Report that includes our opinion.

Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error. They are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Financial Report. A further description of our responsibilities for the audit of the Financial Report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/auditors_responsibilities/ar4.pdf This description forms part of our Auditor’s Report.

KPMG

Cameron Roan Partner Sydney 25th June 2020

Wentworthville Leagues Club Limited Directors' declaration In the opinion of the directors of Wentworthville Leagues Club Limited (the Company): (a) the Company is not publicly accountable; (b) the financial statements and notes, set out on pages 15 to 40, are in accordance with the Corporations Act 2001, including: (i)

giving a true and fair view of the Company's financial position as at 31 December 2019 and of its performance for the financial year ended on that date; and

(ii) complying with Australian Accounting Standards - Reduced Disclosure Regime and the Corporations Regulations 2001; and (c) there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of directors.

_________________________________ Ian McCann Director Dated at Wentworthville this _25 __th day of June 2020

Wentworthville Leagues Club Limited Statement of profit or loss and other comprehensive income For the year ended 31 December 2019 In AUD

Revenue Impairment on investment property Loss from disposal and write-off of non current assets Change of inventories of finished goods Donations Personnel expenses Entertainment, advertising and promotions Poker machine compliance costs Legal, consulting and auditor fees Raw materials and consumables used Repairs, consumables and maintenance Utilities and government charges Other expenses Profit before depreciation, income tax and finance costs

Note 4 4 4

2019

2018

69,713,928 (284,401) (1,302,997) (88,975) (1,491,883) (20,303,991) (4,664,848) (14,416,798) (270,100) (5,348,650) (2,211,446) (2,959,145) (6,576,360) 9,794,334

65,555,518 (264,996) (1,305,680) 31,851 (1,368,555) (16,867,474) (5,479,199) (13,572,233) (272,686) (5,510,841) (1,996,827) (2,316,594) (3,617,053) 13,015,231

Depreciation and amortisation Results from operating activities

(7,883,583) 1,910,751

(5,506,817) 7,508,414

Finance income Finance expenses Net finance costs

46,142 (3,847,983) (3,801,841)

89,898 (2,249,686) (2,159,788)

(1,891,090)

5,348,626

198,739 (1,692,351)

(227,899) 5,120,727

(1,692,351)

5,120,727

(Loss)/Profit before income tax Income tax benefit/(expense) (Loss)/Profit for the year

Other comprehensive income Total comprehensive (loss)/income for the year

The notes on pages 19 to 40 are an integral part of these financial statements.

Wentworthville Leagues Club Limited Statement of financial position As at 31 December 2019 In AUD

Assets Cash and cash equivalents Trade and other receivables Inventories Prepayments Total current assets Property, plant and equipment Investment property Deferred tax assets Intangibles Investments Other non-current assets Total non-current assets Total assets Liabilities Trade and other payables Borrowings Employee benefits Provisions Total current liabilities Borrowings Employee benefits Trade and other payables Provisions Total non-current liabilities Total liabilities Net assets

Note

2019

2018

8 9 10 12

6,319,131 567,112 304,816 698,073 7,889,132

8,187,032 157,727 215,841 2,418,754 10,979,354

15 14

177,930,823 15,744,458 250,654 1,790,717 19,439 195,736,091 203,625,223

150,564,130 15,608,212 136,144 1,790,717 22,231 1,557 168,122,991 179,102,345

16 18 17 19

7,658,419 4,593,279 1,753,667 534,547 14,539,912

8,380,260 6,360,881 1,436,496 563,390 16,741,027

18 17 16 19

80,950,499 174,073 160,673 212,365 81,497,610 96,037,522 107,587,701

52,555,766 304,751 144,435 76,314 53,081,266 69,822,293 109,280,052

107,587,701 107,587,701

109,280,052 109,280,052

13 11 12

Members' funds Retained profits Total members' funds

The notes on pages 19 to 40 are an integral part of these financial statements.

Wentworthville Leagues Club Limited Statement of changes in members' funds As at 31 December 2019 In AUD

Balance at 1 January 2018 Total comprehensive income for the period Profit for the year Other comprehensive income Total comprehensive profit for the period

General funds 104,159,325 5,120,727 5,120,727

Balance at 31 December 2018

109,280,052

Balance at 1 January 2019

109,280,052

Total comprehensive income for the period Loss for the year Other comprehensive income Total comprehensive loss for the period Balance at 31 December 2019

(1,692,351) (1,692,351) 107,587,701

The notes on pages 19 to 40 are an integral part of these financial statements.

Wentworthville Leagues Club Limited Statement of cash flows For the year ended 31 December 2019 In AUD

Note

2019

2018

Cash flows from operating activities Cash receipts from customers Cash paid to suppliers and employees Cash generated from operations Dividends received Interest paid and other finance costs paid Income tax paid Net cash from operating activities

76,234,997 (63,514,683) 12,720,314 2,792 (1,902,258) (442,377) 10,378,471

72,172,289 (54,891,599) 17,280,690 2,272 (2,249,686) (431,964) 14,601,313

Cash flows from investing activities Proceeds from sale of property, plant and equipment Acquisition of investment property Acquisition of property, plant and equipment Interest received Net cash flows used in investing activities

213,441 (27,238) (37,160,123) 46,142 (36,927,778)

330,623 (1,560,820) (68,924,568) 89,899 (70,064,867)

Cash flows from financing activities Proceeds from borrowings Repayment of leases Net cash flows from financing activities

26,101,665 (1,420,259) 24,681,406

55,180,154 (1,791,502) 53,388,652

Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year

(1,867,901) 8,187,032 6,319,131

(2,074,903) 10,261,935 8,187,032

The notes on pages 19 to 40 are an integral part of these financial statements.

Wentworthville Leagues Club Limited Notes to the financial statements For the year ended 31 December 2019 1

Reporting entity Wentworthville Leagues Club Limited (the Company) is a company limited by guarantee incorporated and domiciled in Australia. The address of the Company's registered office is 50 Smith Street, Wentworthville, NSW, 2145. The financial statements of the Company are as at and for the year ended 31 December 2019.

2 (a)

Basis of preparation Statement of compliance In the opinion of the directors, the Company is not publicly accountable. The financial statements are Tier 2 general purpose financial statements which have been prepared in accordance with Australian Accounting Standards â&#x20AC;&#x201C; Reduced Disclosure Requirements adopted by the Australian Accounting Standards Board and the Corporations Act 2001. These financial statements comply with Australian Accounting Standards â&#x20AC;&#x201C; Reduced Disclosure Requirements. The financial statements were approved by the Board of Directors on 25th June 2020.

(b) Adoption of new accounting standards This is the first set of the Company's financial statements in whch AASB 15 Revenue from Contracts with Customers , AASB 1058 Income from Not-for-profit Entities and AASB 16 Leases have been applied. Changes to signficant accounting policies are described in Note 3 (o). (c)

Basis of measurement The financial statements have been prepared on the historical cost basis.

(d) Going concern The financial report has been prepared on a going concern basis, which assumes continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business. Subsequent to year end, the Federal Government issued a directive that all Registered Clubs were to cease operations until further notice as a result of COVID-19. Accordingly, the Company ceased operation on the 23rd March 2020 and similarly in accordance with government determinations reopened on 1 June 2020 with capacity restrictions in place. Furthermore, current liabilities exceeded current assets (as at 31 December current liabilities were $14,539,912 and current assets were $7,889,132).

Wentworthville Leagues Club Limited Notes to the financial statements For the year ended 31 December 2019 (d) Going concern (continued) The financial report has been prepared on a going concern basis for the following reasons:

• On the 1 June 2020, the Company opened its operations at reduced capacity in accordance with Government restrictions allowing 500 patrons in the Company at a time. • The Company does not believe that reimplementation of restrictions due to COVID-19 are likely. • The Company has prepared a 12 month profit and cashflow forecast to June 2021 which indicates that the Company will have adequate cashflows over this period and meet its agreed bank covenants. • The Company has obtained approval for the following measures for the existing loan facility for the period commencing 21 April 2020 till 31 December 2020: − Deferral of principal repayments; − Waiver of bank covenants

•

The Company has obtained an additional finance facility of $3,900,000 subsequent to the end of the year which forms a part of the above mentioned cashflow forecasts. After considering the above, the Directors consider that the Company will be able to continue to fulfil all obligations as and when they fall due for the foreseeable future, being at least twelve months from the date of approval of these financial statements, and accordingly, that the Company’s financial statements should be prepared on a going concern basis.

(e)

Functional and presentation currency These financial statements are presented in Australian dollars, which is the Company's functional currency.

(f)

Use of estimates and judgements The preparation of financial statements in conformity with AASBs requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are included in the following notes: • Note 13

Intangible assets

• Note 24

Contingencies

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 3

Significant accounting policies The accounting policies set out below have been applied consistently to all periods presented in these financial statements.

(a) (i)

Financial instruments Recognition and initial measurement Trade receivables and debt securities issued are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Company becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at fair value through profit and loss transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price.

(ii)

Classification and subsequent measurement On initial recognition, a financial asset is classified as measured at: amortised cost; fair value through other comprehensive income - debt investment: fair value through other comprehensive income - equity investment: or fair value through profit and loss. Financial assets are not reclassified subsequent to their initial recognition unless the Company changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at fair value through profit â&#x20AC;˘ it is held within a business model whose objective is to hold assets to collect contractual cash flows: and â&#x20AC;˘ its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. All financial assets not classified as measured at amortised cost or fair value through other comprehensive income as described above are measured at fair value through profit and loss. This includes all derivative financial assets. On initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. Financial assets at fair value through profit and loss These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognised in profit or loss.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 3 (a)

Significant accounting policies Financial instruments (continued) Financial assets at amortised cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss.

(iii) Derecognition Financial assets The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. The Company enters into transactions whereby it transfers assets recognised in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial assets at fair value through profit or loss. Financial liabilities The Company derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Company also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss. (b) Property, plant and equipment (i) Recognition and measurement Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the asset. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment. The gain or loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the carrying amount of the property, plant and equipment and is recognised net in profit or loss.

(ii)

Reclassification to investment property When the use of a property is held either to earn rental income or for capital appreciation or for both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes, the property is reclassified as investment property.

(iii) Subsequent costs Subsequent expenditure is capitalised only when it is probable that the future economic benefits associated with the expenditure will flow to the Company. Ongoing repairs and maintenance are expensed as incurred.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 Significant accounting policies (continued) 3 (b) Property, plant and equipment (continued) (iv) Depreciation Items of property, plant and equipment are depreciated from the date that they are installed and are ready for use.

Depreciation is calculated to write off the cost of property, plant and equipment less their estimated residual values using the straight-line basis over their estimated useful lives. Depreciation is generally recognised in profit or loss, unless the amount is included in the carrying amount of another asset. Land is not depreciated. The estimated useful lives for the current and comparative years of significant items of property, plant and equipment are as follows: • Buildings including investment properties 40 years • Leasehold improvements 11 years • Plant and equipment 5 - 10 years • Equipment under finance lease 3 years • Furniture, fixtures and fittings 5 - 10 years • Office machines 3 - 5 years • Motor vehicles 8 years Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. (c)

Intangible assets Poker machine entitlements Poker machine entitlements that are acquired by the Club, which have infinite useful lives, are measured at cost less accumulated impairment losses. Subsequent expenditure Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure is recognised in profit or loss as incurred. Impairment Poker machine entitlements have indefinite useful lives as they have no expiry date. Accordingly, such intangible assets are not amortised but are systematically tested for impairment at each reporting date (see note 3(g)).

(d) Non-current assets held for sale Non-current assets, that are expected to be recovered primarily through sale rather than through continuing use, are classified as held for sale. Immediately before classification as held for sale, the assets are remeasured in accordance with the Club's accounting policies. Thereafter generally the assets are measured at the lower of their carrying amount and fair value less cost to sell. Impairment losses on initial classification as held for sale and subsequent gains or losses on remeasurement are recognised in profit or loss. Gains are not recognised in excess of any cumulative impairment loss. Property, plant and equipment once classified as held for sale are not depreciated.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 3

Significant accounting policies (continued)

(e)

Investment property Investment property is property held either to earn rental income or for capital appreciation or for both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Investment property is measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is recognised on a straight-line basis over the estimated useful lives of each component of investment property. Cost includes expenditure that is directly attributable to the acquisition of the investment property. Subsequent cost is recognised in the carrying amount of the investment property. When the use of a property changes such that it is reclassified as property, plant and equipment, its carrying value is transferred across on date at reclassification.

(f)

Inventories Inventories are measured at the lower of cost and net realisable value. The cost of inventories is based on the firstin first-out principle, and includes expenditure incurred in acquiring the inventories and other costs incurred in bringing them to their existing location and condition. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and estimated costs necessary to make the sale.

(g) Impairment (i) Non-derivative financial assets Financial instruments and contract assets The Company recognises loss allowances for expected losses on: • financial assets measured at amortised cost; • debt investments measured at fair value through other comprehensive income; and • contract assets. The Company measures loss allowances at an amount equal to lifetime expected credit losses. Loss allowances for trade receivables and contract assets are always measured at an amount equal to lifetime expected credit losses. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating expected credit losses, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Company's historical experience and informed credit assessment and including forward-looking information. The Company assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Company considers a financial asset to be in default when: • the borrower is unlikely to pay its credit obligations to the Company in full, without recourse by the Company to actions such as realising security (if any is held): • or the financial asset is more than 90 days past due. 12-month expected credit losses are the portion of credit losses that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating expected credit losses is the maximum contractual period over which the Company is exposed to credit risk.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 Significant accounting policies (continued) 3 (g) Impairment (continued) Measurement of expected credit losses Credit losses are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Company expects to receive). Credit losses are discounted at the effective interest rate of the financial asset. Presentation of allowance for expected credit losses in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. For debt securities at fair value through other comprehensive income, the loss allowance is charged to profit or loss and is recognised in other comprehensive income. Write-off The gross carrying amount of a financial asset is written off when the Company has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. The Company expects no significant recovery from the amount written off. (h) Employee benefits (i)

Defined contribution plans A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution plans are recognised as an employee benefit expense in profit or loss in the periods during which services are rendered by employees.

(ii)

Other long-term employee benefits The Companyâ&#x20AC;&#x2122;s net obligation in respect of long-term employee benefits is the amount of future benefit that employees have earned in return for their service in the current and prior periods plus related on-costs; that benefit is discounted to determine its present value, and the fair value of any related assets is deducted. The discount rate is the yield at the reporting date on government bonds that have maturity dates approximating the terms of the Companyâ&#x20AC;&#x2122;s obligations.

(iii) Short-term benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognised for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 3

Significant accounting policies (continued)

(i)

Provisions A provision is recognised if, as a result of a past event, the Company has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

(j)

Revenue Policy applicable for 1 January 2019 to 31 December 2019 The Company has initially applied AASB 15 from 1 January 2019. Revenue is measured based on the consideration specified in the invoice issued to the customer. Revenue from contracts with customers Revenue is recognised at an amount that reflects the consideration to which the Company is expected to be entitled in exchange for transferring goods or services to a customer. For each contract with a customer, the Company identifies the contract with a customer, identifies the performance obligations in the contract, determines the transaction price which takes into account estimates of variable consideration and the time value of money, allocates the transaction price to the separate performance obligations on the basis of the relative standalone selling price of each distinct good or service to be delivered, and recognises revenue when or as each performance obligation is satisfied in a manner that depicts the transfer to the customer of the goods or services promised.

(i)

Goods sold Revenue from the sale of goods is recognised at the point in time the goods are provided and payment is collected.

(ii)

Rendering of services Revenue from gaming services is the net difference between gaming wins and losses, and is recognised upon the outcome of the game at the close of business.

(iii) Rental income Rental income is recognised in profit or loss on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income, over the term of the lease. (iv) Dividend and interest revenue Dividend revenue is recognised on a receivable basis. Interest revenue is recognised on a time proportionate basis that takes into account the effective yield on the financial asset.

(i)

(ii)

Policy applicable for 1 January 2018 to 31 December 2018 Goods sold Revenue from the sale of goods is measured at the fair value of the consideration received or receivable, net of returns and allowances, trade discounts and volume rebates. Revenue from the sale of goods is recognised through profit or loss when the performance obligations are fulfilled. Revenue is recognised at fair value of the consideration received net of the amount of goods and services tax (GST) payable to the taxation authority. Rendering of services Revenue from maintenance contracts is recognised through profit or loss when performance obligations are fulfilled. No revenue is recognised if there are significant uncertainties regarding recovery of the consideration incurred cannot be measured reliably, there is a risk of return of goods or there is continuing management involvement with the goods.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 3 (k)

Significant accounting policies (continued) Leases The Company has initially applied AASB 16 Leases from 1 January 2019. The Company has applied AASB 16 using the modified retrospective approach. Accordingly, the comparative information presented for 2018 is not restated i.e. it is presented, as previously reported under AASB 117 and related interpretations. The details of accounting policies under AASB 117 are disclosed separately if they are different from those under AASB 16 and the impact of changes is disclosed in Note 3(o). Policy applicable for 1 January 2019 to 31 December 2019 At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether:  the contract involves the use of an identified asset – this may be specified explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, then the asset is not identified;  the Company has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use; and  the Company has the right to direct the use of the asset. The Company has this right when it has the decisionmaking rights that are most relevant to changing how and for what purpose the asset is used. In rare cases where the decision about how and for what purpose the asset is used is predetermined, the Company has the right to direct the use of the asset if either: • the Company has the right to operate the asset; or • the Company designed the asset in a way that predetermines how and for what purpose it will be used. The policy is applied to contracts entered into, or changed, on or after 1 January 2019. At inception or on reassessment of a contract that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices. For contracts entered into before, the Company determined whether the arrangement was or contained a lease based on the assessment of whether:  fulfilment of the arrangement was dependent on the use of a specific asset or assets; and  the arrangement had conveyed a right to use the asset. An arrangement conveyed the right to use the asset if one of the following was met: - the purchaser had the ability or right to operate the asset while obtaining or controlling more than an insignificant amount of the output; - the purchaser had the ability or right to control physical access to the asset while obtaining or controlling more than an insignificant amount of the output; or - facts and circumstances indicated that it was remote that other parties would take more than an insignificant amount of the output, and the price per unit was neither fixed per unit of output nor equal to the current market price per unit of output. (i) As a lessee The Company recognises a right-of-use asset and a lease liability at the lease commencement date. The right-ofuse asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date and plus any initial direct costs incurred. The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 3

Significant accounting policies (continued)

(k)

Leases (continued) The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, and the Company’s incremental borrowing rate. Generally, the Company uses its incremental borrowing rate as the discount rate. Lease payments included in the measurement of the lease liability comprise the following:  fixed payments, including in-substance fixed payments;  variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; and  lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate early. The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. The Company presents right-of-use assets and lease liabilities separately in the statement of financial position. Under IAS 17 In the comparative period, as a lessee the Company classified leases that transfer substantially all of the risks and rewards of ownership as finance leases. When this was the case, the leased assets were measured initially at an amount equal to the lower of their fair value and the present value of the minimum lease payments. Minimum lease payments were the payments over the lease term that the lessee was required to make, excluding any contingent rent. Subsequently, the assets were accounted for in accordance with the accounting policy applicable to that asset. Assets held under other leases were classified as operating leases and were not recognised in the Company’s statement of financial position. Payments made under operating leases were recognised in profit or loss on a straight-line basis over the term of the lease. Lease incentives received were recognised as an integral part of the total lease expense, over the term of the lease. (ii) As a lessor When the Company acts as a lessor, it determines at lease inception whether each lease is a finance lease or an operating lease. To classify each lease, the Company makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then it is an operating lease. As part of this assessment, the Company considers certain indicators such as whether the lease is for the major part of the economic life of the asset. The Company recognises lease payments received under operating leases as income on a straight line basis over the lease term as part of “other revenue”. The accounting policies applicable to the Company as a lessor in the comparative period were not different from AASB 16.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 3 (l)

Significant accounting policies (continued) Finance income Finance income comprises interest income on funds invested. Interest income is recognised as it accrues in profit or loss, using the effective interest method. Finance cost on loans and borrowings is recognised in profit or loss using the effective interest

(m) Income tax Tax expense comprises current and deferred tax. Current tax and deferred tax is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income. (i)

Current tax Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Current tax payable also includes any tax liability arising from the declaration of dividends.

(ii)

Deferred tax Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for temporary differences on the initial recognition of assets or liabilities in a transaction and that affects neither accounting nor taxable profit or loss. The measurement of deferred tax reflects the tax consequences that could follow the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously. A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised. The Income Tax Assessment Act 1997 (amended) provides that under the concept of mutuality, clubs are only liable for income tax on income derived from non-members and from outside entities.

(n) Goods and services tax Revenue, expenses and assets are recognised net of the amount of goods and services tax (GST), except where the amount of GST incurred is not recoverable from the taxation authority. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of the expense. Receivables and payables are stated with the amount of GST included. The net amount of GST recoverable from, or payable to the Australian Taxation Office (ATO) is included as a current asset or liability in the statement of financial position. Cash flows are included in the statement of cash flows on a gross basis. The GST components of cash flows arising from investing and financing activities which are recoverable from, or payable to, the ATO are classified as operating cash flows. 29

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 3

Significant accounting policies (continued)

(o) Changes in accounting policies AASB 15 Revenue from contracts with customers On 1 January 2019 the Company adopted AASB 15 Revenue from contracts with customers. AASB 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognised. It replaced AASB 118 Revenue , AASB 111 Construction contracts and related interpretations. No impact was noted on the adoption of AASB 15, accordingly, the comparative information presented for 2018 has not been restated. AASB 16 Leases On 1 January 2019 the Company adopted AASB 16 Leases. The standard replaces AASB 117 'Leases' and for lessees will eliminate the classifications of operating leases and finance leases. Subject to exceptions, a 'right-ofuse' asset will be capitalised in the statement of financial position, measured at the present value of the unavoidable future lease payments to be made over the lease term. The exceptions relate to short-term leases of 12 months or less and leases of low-value assets (such as personal computers and small office furniture) where an accounting policy choice exists whereby either a 'right-of-use' asset is recognised or lease payments are expensed to profit or loss as incurred. A liability corresponding to the capitalised lease will also be recognised, adjusted for lease prepayments, lease incentives received, initial direct costs incurred and an estimate of any future restoration, removal or dismantling costs. Straight-line operating lease expense recognition will be replaced with a depreciation charge for the leased asset and an interest expense on the recognised lease liability (included in finance costs). In the earlier periods of the lease, the expenses associated with the lease under AASB 16 will be higher when compared to lease expenses under AASB 117. However, EBITDA results will be improved as the operating expense is replaced by interest expense and depreciation in profit or loss under AASB 16. For classification within the statement of cash flows, the lease payments will be separated into principal (financing activities) and interest (either operating or financing activities) component. No impact was noted on transition to AASB 16, accordingly, the comparative information presented for 2018 has not been restated.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 4

Profit from operations In AUD

Revenue from continuing activities Revenue from rendering services Revenue from catering and beverage outlet sales Membership subscriptions Commissions Entertainment and promotion Investment property rentals Other revenue Total revenue from operations Loss from disposal and write-off of non current asset Loss from disposal of property, plant and equipment Write-off of capital work in progress

Impairment on non current assets Impairment on investment properties

2018

52,040,586 14,949,051 214,502 497,197 848,102 998,462 166,028 69,713,928

49,634,314 13,601,141 203,402 452,926 764,307 859,691 39,737 65,555,518

(281,428) (1,021,569) (1,302,997)

(1,305,680) (1,305,680)

(284,401) (284,401)

(264,996) (264,996)

Personnel expenses In AUD

Wages and salaries Payroll tax Workers compensation Contributions to defined contribution plans Other associated employee expenses

2019

16,578,444 932,088 514,151 1,605,236 674,072 20,303,991

2018

13,869,980 765,402 327,997 1,374,107 529,988 16,867,474

Finance income and finance costs In AUD

Interest income Finance income Interest expense Change in Financial assets at fair value through profit or loss Finance costs Net finance costs recognised in profit or loss

2019

2018

46,142 46,142

89,898 89,898

(1,902,259) (1,945,724) (3,847,983) (3,801,841)

(1,536,539) (713,147) (2,249,686) (2,159,788)

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 7

Tax expense In AUD

Current tax expense Current expense in respect of the current year Movement in deferred tax asset Under/(over) provided in prior years Income tax expense/(benefits)

2019

(114,510) (84,229) (198,739)

2018

234,633 (6,734) 227,899

Numerical reconciliation between tax expense and pre-tax accounting profit The Income Tax Assessment Act 1997 (amended) provides that under the concept of mutuality, registered clubs are only liable for income tax on income derived from non-members and from outside entities. The amount set aside for income tax in the statement of profit or loss and other comprehensive income has been calculated as follows: In AUD

(Loss)/Profit from operations Income tax expense calculated at 30% Effect of revenue that is exempt from taxation Effect of expenses that are not deductible in determining taxable profit Effect of mutuality Under/(over) provided in prior years Movement in deferred tax asset Income tax (benefit)/expense recognised in profit or loss 8

2019

2018

(1,891,090)

5,348,626

(567,327) (17,466,946) 17,985,325 48,948 (84,229) (114,510) (198,739)

1,604,588 (15,367,949) 13,339,518 658,476 (6,734) 227,899

Cash and cash equivalents In AUD

2019

2018

Cash at bank Cash at call Cash floats Cash and cash equivalents

1,223,078 808,108 4,287,945 6,319,131

1,243,017 2,637,446 4,306,569 8,187,032

2019

2018

Trade and other receivables In AUD

Trade receivables Sundry debtors Provision for doubtful debts Other receivable

146,682 420,430 567,112

13,283 14,570 (14,570) 144,444 157,727

10 Inventories In AUD

Finished goods - at cost

2019

304,816 304,816

2018

215,841 215,841

11 Investments In AUD

Shares in listed companies

2019

19,439 19,439

2018

22,231 22,231

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 12 Other assets In AUD

Current Prepayments

2019

2018

698,073 698,073

2,418,754 2,418,754

1,557 1,557

Non-current TAB deposits

13 Intangible assets In AUD

2019

Balance at the beginning of the year

1,790,717

Acquisitions Balance at the end of the year

2018

Poker machine entitlements are stated at cost less accumulated impairment losses. Poker machine entitlements have an indefinite useful life given they have no expiry date, and accordingly are not amortised but are to be assessed annually for impairment. 14 Investment property In AUD

2019

2018

Cost Balance at the beginning of the financial year Additions Reclassification from land Impairment losses Disposals Balance at the end of the financial year

15,981,203 27,238 446,763 (281,308) (3,300) 16,170,596

14,997,701 1,560,819 (264,996) (312,321) 15,981,203

Accumulated depreciation Balance at the beginning of the financial year Depreciation Disposals Balance at the end of the financial year

372,991 54,715 (1,568) 426,138

322,302 52,241 (1,552) 372,991

Net book value at the beginning of the financial year

15,608,212

14,675,399

Net book value at the end of the financial year

15,744,458

15,608,212

Impairment losses and recoveries during the period relate to write-downs and recoveries of investment properties to recoverable value based upon both assessments of valuations and capitalisation of rental revenue. The fair value assessment of residential investment properties was undertaken as follows: The latest independent valuations of the Companyâ&#x20AC;&#x2122;s investment property was carried out as at 11 November 2019 by Global Valuation Services Pty Ltd (Registered Valuer No. 2745). The open market value for these properties was $34,840,000.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 15 Property, plant and equipment In AUD

Freehold land Leasehold Plant and & buildings improvements equipment

Furniture, fixtures and fittings

Office machines

Motor vehicles

Capital work in progress

Total

Cost Balance at 1 January 2019 Additions Disposals Transfers Reclassification adjustment Balance at 31 December 2019

81,115,394 385,095 (42,286) 54,746,120 (446,763) 135,757,560

2,569,970 2,901 2,572,871

28,093,367 3,898,500 (2,352,273) 9,049,697 38,689,291

13,813,685 320,617 (325,439) 2,545,403 16,354,266

1,476,075 575,318 2,051,393

59,663 57,989 117,652

59,150,962 31,919,703 (1,021,569) (66,341,220) 23,707,876

186,279,117 37,160,123 (3,741,567) (446,763) 219,250,910

Depreciation Balance at 1 January 2019 Depreciation for the year Disposals Balance at 31 December 2019

11,761,048 2,561,042 (5,021) 14,317,069

711,537 126,792 838,329

16,901,847 3,746,163 (2,160,509) 18,487,501

5,334,291 1,118,586 (58,241) 6,394,636

982,266 262,287 1,244,553

24,001 13,998 37,999

35,714,990 7,828,868 (2,223,771) 41,320,087

69,354,346 121,440,491

1,858,433 1,734,542

11,191,520 20,201,790

8,479,394 9,959,630

493,809 806,840

35,662 79,653

59,150,962 23,707,876

150,564,130 177,930,823

Carrying amounts At 1 January 2019 At 31 December 2019

The fair value assessment of the freehold land and buildings was carried out as at 11 November 2019 by Global Valuations Services Pty Limited Certified practicing valuer no. 67391) of $133,000,000. As freehold land and building are recorded at cost, the valuation has not been brought to account.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019

16 Trade and other payables In AUD

2019

2018

Current Trade payables GST payable Other payables Accruals

4,566,053 29,201 510,920 2,388,028

6,865,344 52,096 1,319,217

164,217 7,658,419

143,603 8,380,260

160,673 160,673

144,435 144,435

Members' subscriptions in advance Non-Current Members' subscriptions in advance

17 Employee benefits In AUD

Current Liability for annual leave Liability for long service leave Non-current Liability for long service leave

2019

2018

1,070,783 682,884 1,753,667

950,945 485,551 1,436,496

174,073 174,073

304,751 304,751

18 Borrowings In AUD

2019

2018

Current Bills payable

2,670,000

5,450,000

861,694

291,778

Derivative liability Equipment loan

1,061,585

619,103

4,593,279

6,360,881

77,898,090 1,797,177 1,255,232 80,950,499

51,566,541 421,369 567,856 52,555,766

Non-Current Bills payable Derivative liability Equipment loan

During the year, the entity entered into a hedging contract with ANZ over its loan facility. As part of the loan hedge the entity was liable to pay or receive the difference between the fixed rate of 2.31% and the floating rate of 0.89% which has been recorded as a derivative liability.

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 18 Borrowings (continued) In AUD

The club has access to the following lines of credit: Market rate loan Business cards Contingent liabilities Finance lease and equipment Electronic payaway facility Standby letter of credit or guarantee facility Facilities utilised at balance date Market rate loan Business cards Contingent liabilities Finance lease and equipment Electronic payaway facility Standby letter of credit or guarantee facility Facilities not utilised at balance date Market rate loan Business cards Contingent liabilities Finance lease and equipment Electronic payaway facility Standby letter of credit or guarantee facility

2019

2018

89,298,000 50,000 700,000 2,902,000 3,000,000 95,950,000

90,000,000 50,000 700,000 2,200,000 1,000,000 200,000 94,150,000

80,568,090 5,733 444,750 2,288,745 83,307,318

57,016,541 619,938 1,052,561 58,689,040

8,729,910 44,267 255,250 613,255 3,000,000 12,642,682

32,983,459 50,000 80,062 1,147,439 1,000,000 200,000 35,460,960

The bank overdraft facility, the bank loans and lease liabilities are secured by a combination of a registered first mortgage over the club premises at Smith Street Wentworthville and specific freehold property and a registered first equitable mortgage over the club's entire assets and undertakings including uncalled capital. Security consists of: Registered first mortgage by Wentworthville Leagues Club Limited over club premises situated at Wentworthville Leagues Club, Smith Street, Wentworthville, NSW, 2145. A first registered equitable mortgage by Wentworthville Leagues Club Limited over the whole of its assets and undertakings including uncalled capital. Registered first mortgage by Wentworthville Leagues Club Limited over 40 properties situated in Wentworthville. 19 Provisions In AUD

Current Linked poker machine jackpot Provision for mortality commitment Provision for player bonus points Non-Current Provision for mortality commitments

2019

2018

286,641 12,516 235,390 534,547

369,801 4,686 188,903 563,390

212,365 212,365

76,314 76,314

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 19 Provisions (continued) Linked poker machine jackpot Poker machine link jackpots is the current balance of available jackpots that accumulate from turnover play on poker machines. These jackpots are returned to players by achieving the required combination for the link jackpot on the machine being played. Member mortality commitment Members who joined the club between 1970 and 1989 may have been eligible for a mortality payment. No external fund exists and all commitments are met out of current cash flow. The present value of the mortality commitment reflects managements estimates based upon similar lapse rates and discount rates to prior year Actuarial valuations. Rewards bonus points The best estimate of the commitment to members in relation to unredeemed bonus points is $235,390 (2018: $188,903). Earning rates, lapse rates and terms and conditions shall impact on future estimates. 20 Related party transactions The directors of the club may from time to time hold a director's role, have membership, life membership or be the patron of the various sport and recreational clubs and football clubs that are governed and controlled by the Leagues Club constitution. A Director of the Company is the principal of a business that has a contract for the provision of rental management of the residential property portfolio. The contract is on commercial terms. The rental management fees paid in the 2019 year were $44,707 (2018: $44,951). A Director of the Company is the principal of a business appointed from time to time to perform contract electrical work. Such appointments are made through a commercial tender process coordinated by Project Management and Building Contractors engaged by the Club. One Director of the Company during the year received honorariums as Directors of the Cricket Club. From time to time, Directors of the Company may purchase goods and engage in services that are provided by the Company and available to all members. These purchases are on the same terms and conditions as those available to all other members and may be in addition to allowances entitled by the Constitution and approved by the members at the AGM. Apart from the details disclosed in this note, no Director has entered into any contract with the Company since the end of the previous financial year and there were no contracts involving Directors interests at year end. Key management personnel compensation The aggregate compensation made to directors and other members of key management personnel of the company is set out below: In AUD

2019

2018

Short term employee benefits

1,133,208

1,162,881

Post employment benefits

107,655 1,240,863

105,566 1,268,447

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 21 Financial reporting period The Company has always used a 52 week cycle for its reporting. The monthly reporting cycle is grouped by weeks and follows a 5, 4, 4 cycle resulting in uniforms days in the relative months across consecutive years with the exception of December. Consequently, the close off day for annual reporting purposes changes every year by a day and two days every leap year. The actual month end date for 2019 is 31 December 2019 and the 2018 actual close date was 25 December 2018. 22 Core properties Pursuant to Section 41J of the Registered Club Amendments Act 2006, the club categorises property as follows 2019

Core property

167,840,000 167,840,000

2018

127,456,000 127,456,000

Core properties held by the Club are: 50 Smith Street, Wentworthville NSW 2145 2 Dawes Street, Wentworthville NSW 2145 3 Dawes Street, Wentworthville NSW 2145 4 Dawes Street, Wentworthville NSW 2145 5 Dawes Street, Wentworthville NSW 2145 6 Dawes Street, Wentworthville NSW 2145 7 Dawes Street, Wentworthville NSW 2145 8 Dawes Street, Wentworthville NSW 2145 9 Dawes Street, Wentworthville NSW 2145 10 Dawes Street, Wentworthville NSW 2145 11 Dawes Street, Wentworthville NSW 2145 12 Dawes Street, Wentworthville NSW 2145 13 Dawes Street, Wentworthville NSW 2145 14 Dawes Street, Wentworthville NSW 2145 15 Dawes Street, Wentworthville NSW 2145

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 22 Core properties (continued) 16 Dawes Street, Wentworthville NSW 2145 17 Dawes Street, Wentworthville NSW 2145 19 Dawes Street, Wentworthville NSW 2145 432 Great Western Hwy, Wentworthville NSW 2145 430b Great Western Hwy, Wentworthville NSW 2145 3 Jewelsford Street, Wentworthville NSW 2145 5 Jewelsford Street, Wentworthville NSW 2145 7 Jewelsford Street, Wentworthville NSW 2145 9 Jewelsford Street, Wentworthville NSW 2145 11 Jewelsford Street, Wentworthville NSW 2145 13 Jewelsford Street, Wentworthville NSW 2145 15 Jewelsford Street, Wentworthville NSW 2145 17 Jewelsford Street, Wentworthville NSW 2145 19 Jewelsford Street, Wentworthville NSW 2145 21 Jewelsford Street, Wentworthville NSW 2145 27 Jewelsford Street, Wentworthville NSW 2145 31 Jewelsford Street, Wentworthville NSW 2145 51 Smith Street, Wentworthville NSW 2145 68 Smith Street, Wentworthville NSW 2145 70 Smith Street, Wentworthville NSW 2145 72 Smith Street, Wentworthville NSW 2145 74 Smith Street, Wentworthville NSW 2145 76 Smith Street, Wentworthville NSW 2145 78 Smith Street, Wentworthville NSW 2145 80 Smith Street, Wentworthville NSW 2145 23 Commitments In AUD

Capital works Capital works contracted for but not yet completed

2019

11,167,491 11,167,491

2018

29,505,244 29,505,244

24 Contingent assets and contingent liabilities The directors are of the opinion that provisions are not required in respect of these matters, as it is not probable that a future sacrifice of economic benefits will be required or the amount is not capable of reliable measurement. In AUD

2019

2018

Guarantees Bank guarantees

444,750

619,938

As at 31 December 2019, the above bank guarantees are held with ANZ Bank ($444,750).

Wentworthville Leagues Club Limited Notes to the financial statements (continued) For the year ended 31 December 2019 25 Events subsequent to reporting date Subsequent to year end, the Federal Government issued a directive that all Registered Clubs were to cease operations until further notice as a result of COVID-19. Accordingly, the Company ceased operation on the 23rd March 2020 and similarly in accordance with government determinations reopened on 1 June 2020 with capacity restrictions in place. While the Company has recommenced operations, it is not possible to fully determine the nature or the extent of the impacts or the time over which the Company will be impacted, however the impact is material to the Company and the effects and consequences are outside the Companyâ&#x20AC;&#x2122;s control and are far reaching in Australia and globally. Other than the impacts and potential impacts of Coronavirus COVID-19 noted above, there have been no other events subsequent to reporting date which would have a material effect on the Companyâ&#x20AC;&#x2122;s financial statements at 31 December 2019. 26 Members guarantee The Company is limited by guarantee. If the Company is wound up, Rule 23 of the Constitution states that each member at that time, or within one year afterwards is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the company. At 31 December 2019 the number of members were 69,383 (2018: 63,397).

Wenty Leagues in Partnership with the Community Wenty Leagues has a proud record of supporting welfare, charitable and sporting organisations within our community.

The following were the beneficiaries of financial and in-kind support in 2019: • Austism Spectrum

• Ronald McDonald House

• Blues Wheelchair Basketball

• Royal Institute for Deaf and Blind Children

• Careflight

• Scouts Australia - Winston hills

• Cassia Community Centre

• St Anthony’s Primary School

• City2Surf & Cure Brain Cancer

• St Gertrude’s Primary School - Smithfield

• Community Care Seven Hills

• St Johns Ambulance Australia

• Cumberland Council

• St Monicas Primary School

• Girraween Public School

• The Humour Foundation

• Greystanes Public School

• The Pink Ribbon Foundation

• Hilltop Road Public School

• The Shepherd Centre for Deaf Children

• KU Wentworthville Preschool

• Toastmasters

• Learning Links

• Toongabbie West Public School

• Make A Wish Foundation

• United in Christian Care

• Maltese Cultural Association

• Wentworthville Community Gardens

• Marion Catholic Primary School

• Wentworthville Public School

• Mother Teresa Primary School

• Western Sydney Academy of Sport

• NSW Justice Association

• Westmead Hospital Surgical High Dependency Unit

• NSW Support Nurse Myeloma Australia

• Westmead Public School

• Our Lady Queen of Peace

• Winston Heights Public School

• Parramatta Chamber of Commerce

• Youth Off The Streets

• Parramatta Cumberland Family & Domestic Violence Prevention Committee • Parramatta Mission

WENTWORTHVILLE LEAGUES CLUB LIMITED For The Financial Year Ended 31 December 2016

Wentworthville Leagues Club Limited

50 Smith St, Wentworthville NSW 2145

59th Annual Report 2016

Wentworthville Leagues Club Limited