ANNUAL REPORT
2015
THE BARBER OF SEVILLE | THE MARRIAGE OF FIGARO | FAUST | MADAMA BUTTERFLY | THE RABBITS
West Australian Opera Vision and Goals VISION We will enrich the cultural landscape by presenting high quality opera and be a source of pride for West Australians
GOALS 1. SUSTAINABILITY As custodians of the art form we will present, sustain, develop and ensure the long-term viability of opera.
2. COMMUNITY ENGAGEMENT We will engage and inspire West Australians, develop and retain audiences, and ensure relevancy.
3. ARTISTIC VIBRANCY We will present the standard repertoire and develop the artform while increasing artistic vibrancy.
4. INTEGRITY We will act with integrity and responsibility in all that we do and provide a safe and supportive environment where everyone can produce their best work.
1
Update for 2015
2
Chairman’s Report I am pleased to present West Australian Opera’s 2015 Annual Report
West Australian Opera receives support from the Western Australian Government through the Department of Culture and the Arts and Lotterywest, and the Australian Government through the Australia Council for which WAO is very grateful
The contribution of our patrons, sponsors and donors is critical to our success and we are proud to develop strong partnerships with our supporters. West Australian Opera acknowledges and thanks Principal Partner Wesfarmers Arts, media partners Channel Seven Perth and The West Australian, Qantas Official Airline Partner, Conductor Sponsor National Australia Bank. We are grateful to the Western Australian Government through the Department of Culture and the Arts and Lotterywest and to the Australian Government through the Australia Council.
We thank the individuals who offer personal contributions and continued commitment to the company through the Private Giving Program. We are grateful for leadership donations through the Bendat Scholarship, the Bel Canto Fund, Mindaroo Foundation, the James Galvin Family Trust, the Wright Burt Foundation and trusts and foundations who give their support. I thank my fellow directors for their support, time and expertise, and the management and staff of West Australian Opera for their passion and commitment in bringing opera to the stage. We were proud to present the annual free event ‘City of Perth’s Opera in the Park’ and we thank Lotterywest and Healthway with the message Alcohol.Think Again. TERRY BOWEN CHAIRMAN
3
Principal Partner Wesfarmers Arts West Australian Wesfarmers Arts
Opera’s
Principal
Partner
is
Wesfarmers is Western Australia’s leading corporate supporter of the arts with a demonstrated leadership position in Australia and is the Principal Partner of the state opera company. Wesfarmers Arts recognises that opera offers a unique and rich experience involving principal singers, actors, chorus, orchestra, a conductor, director, choreography and high production values including sets, costumes, lighting and backstage elements: it is indeed a multi-sensory art form. Wesfarmers Arts and West Australian Opera first worked together in 1998. Since then the partnership has expanded to embrace production seasons, the commissioning of a new opera in 2007 through the Wesfarmers Arts Commission Series (The Love of the Nightingale by Richard Mills), annual support and the development of the Wesfarmers Young Artists program. In 2009 Wesfarmers Arts became Principal Partner of West Australian Opera. This Principal Partnership underpins the ongoing life and vitality of the state opera company. This award winning partnership is fundamental to the state opera company and is appreciated and valued by the board, management, company and audiences.
4
General Manager’s Report We gratefully recognise the support of Principal Partner Wesfarmers Arts who continue to inspire with their dedication to the arts in Western Australia
An exciting year of collaboration, coproduction and telling stories.
An exciting year of collaboration, coproduction and telling stories. We were grateful to Perth International Arts Festival for the opportunity to collaborate with them on Madama Butterfly and also on The Rabbits for which gratitude goes to the state government for their additional support to WAO for this work which was commissioned and produced by Opera Australia and Barking Gecko Theatre Company and which has gone on to further successful seasons in Melbourne, Sydney and Brisbane. We commissioned Tim Finn OBE to write a new work in collaboration with our friends at New Zealand Opera and Victorian Opera and we were proud to be part of the first workshop held in Auckland as part of the Auckland Festival in March 2015. Through the Opera Conference we commissioned a new work for television called ‘The Divorce’ which was produced for a four-part series by ABC TV Arts, Opera Australia and Princess Pictures and screened in December 2015. I acknowledge Annie Patrick and Diana Warnock for program notes and pre-performance talks in 2015. I acknowledge and thank all of the company’s donors and foundations including support for the Bel Canto Fund, the Bendat Scholarship, Galvin Family Foundation, the Mindaroo Foundation, the Wright Burt Foundation, the Society of WA Opera Lovers, the generosity of our anonymous donors and all of the donors to the company. We are very grateful to Healthway with whom we entered a two year partnership (2015-2016). It is the aim of West Australian Opera to deliver excellence both on and off the stage, and I wish to acknowledge and thank the Board including Chairman Terry Bowen, Deputy Chairs Andrew Pascoe and Catherine Ferrari, Warwick Hemsley, Ingrid O’Brien, Julian Burt, Jan Stewart and Mario D’Orazio. My grateful thanks to staff and colleagues with whom I work closely all year-round at West Australian Opera, His Majesty’s Theatre, Department of Culture and the Arts, the Australia Council, Lotterywest, and industry colleagues. CAROLYN CHARD GENERAL MANAGER
5
Artistic Director’s Report I was delighted to work throughout the year with a roster of wonderful singers including Emma Pearson, Teddy Tahu Rhodes, and Samuel Dundas
I came to this position with two primary objectives: to renew the repertoire WAO offers, and to connect ever more strongly with our audiences
2015 marked my first year as Artistic Director, and I took up my position in January, which enabled me to attend Opera in the Park (The Barber of Seville), PIAF (Madama Butterfly), The Marriage of Figaro, and to conduct Faust. To support the work of the Chorus, I instigated individual mentoring sessions with each of the chorus members throughout 2015. We were fortunate to welcome Michael Black, Chorus Master at Chicago Lyric Opera, as Chorus Consultant for the Marriage of Figaro season, and Thomas Johnston, from Opera Australia, as Chorus Master for Faust. I was delighted to work throughout the year with a roster of wonderful singers including Emma Pearson, Teddy Tahu Rhodes, and Samuel Dundas, who made his Company debut as the Count in Figaro. We were delighted to have Anthony Walker with us, to conduct Figaro in his debut with the company. I also identified a need to mentor and support artists who were beyond the Young Artist stage of their careers, but who would benefit from ongoing support, through a Mentored Artist program, with Ileana Rinaldi and Sam Roberts Smith as the Mentored Artists. I coached, mentored and supported them, promoting them beyond the Company and to the industry. I appointed Allison Fyfe, ex-Music Librarian of the State Library, as the Company Music Librarian, managing our music library assets and preparing materials for our seasons. An Artistic Director’s blog, published monthly throughout 2015, has met with a warm reception, and is a powerful tool which not only connects more effectively with our audiences, but also allows me the opportunity to develop a conversation around my artistic aims, hopes and perspectives. I came to this position with two primary objectives: to renew the repertoire WAO offers, and to connect ever more strongly with our audiences. I look forward to developing these objectives further in 2016. BRAD COHEN ARTISTIC DIRECTOR
5
West Australian Opera The Company BACKGROUND West Australian Opera was established in 1967 and celebrated its 48th anniversary in 2015. It is Western Australia’s full-time, professional state opera company. The company presents operas drawn the mainstream operatic repertoire increasingly is involved in commissioning and development of repertoire.
from and the new
The company offers an annual subscription season of main stage productions as well as programs in regional Western Australia and a strong education program and ancillary activities, including concerts and community events in Western Australia. It is an incorporated association with a board of eight directors, chaired by Terry Bowen. The company receives income from federal and state funding, box office revenue, donations and sponsorship. We are grateful to the federal government and Australia Council, the state government and Department for Culture and the Arts, and local government through the City of Perth. We acknowledge our valued Principal Partner Wesfarmers Arts and our portfolio of sponsors, donors, patrons, trusts and foundations.
6
PRODUCTIONS West Australian Opera presents three operas in His Majesty’s Theatre each year as well as Opera in the Park to approximately 15,000 people in the Supreme Court Gardens.
TOURING AND COMMUNITY EVENTS West Australian Opera is committed to taking the art form to as many people in Western Australia as possible through the touring of small scale work to regional Western Australia and the participation of the company in community events.
EDUCATION West Australian Opera provides support for students and teachers for each opera. We recognise the place West Australian Opera occupies in the study of music in Western Australia and we work to offer the best possible experience for students.
YOUNG ARTIST PROGRAM Young and emerging artists are offered mentorship, training, advice, support and a creative pathway into the Company. We work with established artists locally, nationally and internationally to provide opportunities for creativity and career advancement.
West Australian Opera Board and Company BOARD OF DIRECTORS Chairman Terry Bowen
COMPANY General Manager Carolyn Chard
Deputy Chairs Andrew Pascoe Catherine Ferrari
Artistic Director Brad Cohen
Directors Julian Burt Dr Chris Denz* (until April 2015) Warwick Hemsley Ingrid O’Brien Jan Stewart (from April 2015) Mario D‘Orazio (from April 2015)
Production Manager Mandy Farmer Artistic Administrator Rebecca Kais Marketing Coordinator Danielle Ierace Education Manager Terasa Letizia
VICE REGAL PATRON Her Excellency the Honorable Kerry Sanderson AO Governor of Western Australia
Accountant Debbie Liebgott
PATRONS Dr Jack Bendat AM CitWA Cav Uff Giuseppe Bertinazzo OMRI
Financial Accountant Sue Hobson
HONORARY LIFE MEMBERS Dario Amara Cav Uff Giuseppe Bertinazzo OMRI Hon Julie Bishop MP Frank Cooper Erich Fraunschiel Colin Goddard Francis Landels Margaret McManus Richard Mills Marilyn Phillips Vincent A Warrener AM KHS
Publicity Consultant Lynne Burford
Regional Project Manager Melanie Timms Stage Manager Karen Farmer Bendat Scholarship Ileana Rinaldi Commissioned Artist Tim Finn OBE Wesfarmers Arts Featured Artist Teddy Tahu Rhodes Wesfarmers Arts Mentored Artists Ileana Rinaldi Sam Roberts-Smith
7
THE RABBITS PUCCINI
HEATH LEDGER THEATRE, STATE THEATRE CENTRE OF WA 12, 13, 14, 15, 16 February Barking Gecko Theatre Company and Opera Australia co-production. In association with West Australian Opera. Commissioned by Perth International Arts Festival and Melbourne Festival. Based on the book written by John Marsden and illustrated by Shaun Tan. Composed Libretto Adapted and directed Musical director, musical arrangement and additional music Designer
Kate Miller-Heidke Lally Katz John Sheedy Iain Grandage
Gabriela Tylesova
13
MADAMA BUTTERFLY PUCCINI
His Majesty’s Theatre 24, 26, 28 February 3,5,7 March Perth International Arts Festival Presents An English National Opera, Metropolitan Opera and Lithuanian National Opera Production. In Association with West Australian Opera Conductor Original Director Associate Director/ Original Choreographer Revival Director Set Designer Costume Designer Lighting Designer Revival Choreographer Puppetry
David Parry Anthony Minghella Carolyn Choa
Ferrando Ines Leonora Count di Luna Manrico Azucena Soldier Ruiz Repetiteur
David Parkin Fiona Campbell Jennifer Rowley James Clayton Rosario la Spina Elizabeth Campbell Mark Alderson Matthew Lester Caroline Badnall
Sarah Tipple Michael Levine Han Feng Peter Mumford Anita Griffin Blind Summit Theatre
West Australian Opera Chorus West Australian Opera Symphony Orchestra Sung in Italian with English surtitles
13
THE BARBER OF SEVILLE ROSSINI
CITY OF PERTH’S OPERA IN THE PARK A free event supported by Lotterywest and Alcohol.Think Again Supreme Court Gardens 6 March Charity Partner – Nulsen Haven Simulcast to Geraldton , Bunbury, Kalgoorlie, Albany, Esperance, Broome, Margaret River, Merredin, Port Hedland and Northbridge Piazza Conductor Director Production Manager
Richard Mills Cath Dadd Mandy Farmer
West Australian Opera Chorus West Australian Opera Symphony Orchestra Sung in Italian with English surtitles
8
THE MARRIAGE OF FIGARO MOZART
His Majesty’s Theatre 14, 16, 18, 21, 23, 25 July Conductor Director Set & Costume Designer Lighting Designer
Anthony Walker Neil Armfield Dale Ferguson Rory Dempster
Count Almaviva Countess Almaviva Susanna Figaro Cherubino Marcellina Dr Bartolo Don Basilio / Don Curzio Barbarina Antonio
Samuel Dundas Elvira Fatykhova Emma Matthews James Clayton Fiona Campbell Caitlin Cassidy Andrew Collis Adrian McEniery Jennifer Barrington Mark Alderson
West Australian Opera Chorus West Australian Opera Symphony Orchestra Sung in Italian with English surtitles This Opera Australia and Welsh National Opera co-production of the Marriage of Figaro was presented by arrangement with these companies.
FAUST Gounod
His Majesty’s Theatre 29, 31 October, 3,5,7 November Conductor Director Revival Director Set Designer Costume Designer Lighting Designer Revival Choreographer
Brad Cohen David McVicar Bruno Ravella Charles Edwards Brigitte Reiffenstuel Paule Constable Shane Placentino
Faust Méphistophélès Marguerite Valentin Wagner Siébel Marthe
Patrick O’Halloran Teddy Tahu Rhodes Natalie Aroyan Samuel Dundas Mark Alderson Fiona Campbell Ileana Rinaldi
West Australian Opera Chorus West Australian Opera Symphony Orchestra Sung in French with English surtitles An Opera Conference Production. Based on the co-production by Royal Opera House, Covent Garden, Opéra de Monte-Carlo, Opéra de Lille, and Fondazione Teatro Lirico Giuseppe Verdi, Trieste
10
OPERA in Education “When your performance finished, my friends and I were laughing so much we were nearly crying! And my hands felt like they were going to fall off because I had clapped so loudly. It was just an amazing experience� Year 6 student. WESFARMERS ARTS BEHIND-THE-SCENES PRODUCTION WORKSHOPS It is a delight to introduce students to the hidden world backstage. Students participating in the workshops gain an insight into the elements that make up a professional theatre production including lighting, flying and staging.
WESFARMERS ARTS BACKSTAGE PASS 4 tour groups, 76 participants An evening with West Australian Opera does not end when the curtain goes down. Students and their teachers have the opportunity to come backstage and continue their dialogue regarding the performance.
WESFARMERS ARTS MAKE-UP WORKSHOPS 2 workshops, 30 participants An exciting introduction to the world of theatrical hair and make-up and great fun for all students. Following a demonstration on the techniques involved in creating a character and special effects makeup, students can transform themselves and their classmates. With many questions and much exuberance this is truly a wonderful learning experience.
14
OPERA in Education SMARTER THAN SMOKING OPERA’S GOT TALENT 9 Workshop performances played to a total of 1676 participants Two sopranos and a baritone pit their wits and voices in a quiz show like no other. This workshop performances looks at the stereotypes associated with opera and challenges them head on! Featuring well known arias from Puccini, Delibes and Offenbach this is a humorous and engaging introduction to opera.
SMARTER THAN SMOKING SING OUT LOUD! 9 Workshops presented to a total of 1226 participants Students are physically engaged from start to finish in this vocal workshop which introduces the classical voice and explores techniques such as breathing, pitch, dynamics, tempo and more.
SMARTER THAN SMOKING WACE WORKSHOP 1 Workshop presented to a total of 16 participants 14 students and 2 teachers examined classical designated works as listed by the School Curriculum and Standards Authority. Singers presented the works live in the rehearsal studio and a dialogue began between artists and participants in relation to the works and working with an accompanist in preparation for their practical examination.
SMARTER THAN SMOKING OPERA SNAPSHOTS 8 Workshop performances played to a total of 1287 participants This interactive introduction to opera explores the timeline of opera from its beginnings to operetta. Students perform the role of a chorus for one of the arias and become familiar with popular operatic works from composers such as Verdi, Puccini, Bellini and Gilbert and Sullivan.
14
OPERA in the Community We are your state opera company. We want to hear your stories and share ours. 2015 provided an opportunity to connect with West Australians in metropolitan WA and in regional communities in Esperance, Kalgoorlie and Merredin with funding support from the Department of Culture and the Arts and the Department of Regional Development.
Opera in Esperance West Australian Opera presented a free community performance at the Esperance and Districts Agricultural Show. A stage and seating area was constructed in the main pavilion and provided 400 show goers an opportunity to experience opera .
Opera in Merredin 122 audience members were treated to a performance of popular arias in the beautiful and historic Cummins Theatre. Artists had a wonderful time following the performance meeting with local community members of all ages.
Opera in Schools (Regional) 18 Workshop Performances presented to a total of 4882 participants In between their community performances artists presented Smarter Than Smoking Opera Snapshots to regional schools in Esperance, Merredin, Bencubbin and Kalgoorlie. The students’ enthusiasm was infectious and artists were treated to a performance by the student chorus at Nelson Primary School in Esperance.
OPERA in the Community Subscriber Open Days West Australian Opera invited subscribers and the general public into its home in His Majesty’s Theatre to assist with subscription bookings and talk about the next annual season of work.
Opera in the Studio, Seniors Week With the support of COTA WA the company welcomed 98 seniors into the rehearsal studio for a performance of beautiful arias. Artists shared their favourite music and stories.
World Music Day Opera is a musical genre that encompasses the theme of world music and Subiaco Library hosted World Music Day with 100 patrons at a lecture exploring opera’s Ancient Greek beginnings, its birth in the 16th century through to operetta. The talk was interspersed with arias presented by the company’s artists.
16
2015 Event Summary West Australian Opera directly reached 40,000 people
Fee
Ticketed
Free
Private
Faust
The Marriage of Figaro
The Rabbits
Madama Butterfly
City of Perth’s Opera in the Park: The Barber of Seville
17
EVENT AND ATTENDANCE SUMMARY 2015 DATE 12 February
EVENT The Rabbits 1/7
TYPE PIAF copresentation
TICKETS PIAF box
13 February 14 February 1pm 14 February 6.30pm 15 February 2pm 15 February 7pm 16 February 24 February 24 February 26 February 26 February 28 February 28 February
The Rabbits 2/7 The Rabbits 3/7 The Rabbits 4/7 The Rabbits 5/7 The Rabbits 6/7 The Rabbits 7/7 Madama Butterfly 1/6 Butterfly pre performance talk Madama Butterfly 2/6 Butterfly pre performance talk Madama Butterfly 3/6 Butterfly pre performance talk
PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation
PIAF box PIAF box PIAF box PIAF box PIAF box PIAF box PIAF box Free PIAF box Free PIAF box Free
3 March 3 March 5 March 5 March 7 March 7 March 6 March
PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation PIAF copresentation Opera in the Park
PIAF box Free PIAF box Free PIAF box Free Free event
1156 63 1156 90 1156 76 15000
Opera in the Park
Free
2,048
6 March 6 March 6 March 6 March 6 March 6 March 6 March
Madama Butterfly 4/6 Butterfly pre performance talk Madama Butterfly 5/6 Butterfly pre performance talk Madama Butterfly 6/6 Butterfly pre performance talk City of Perth’s Opera in the Park: The Barber of Seville (Supreme Court Gardens) City of Perth's Opera in the Park: The Barber of Seville regional simulcast (see breakdown of regional venues below) Geraldton Bunbury Broome Carnarvon Westlink Channel 23 Esperance Margaret River
Opera in the Park Opera in the Park Opera in the Park Opera in the Park Opera in the Park Opera in the Park Opera in the Park
Free Free Free Free Free Free Free
300 200 52 49 400 90 84
6 March 6 March 6 March 6 March 6 March 6 March 13 March
Merredin Port Hedland Karratha Moora Northbridge Piazza Community Resource Centres Star Navigator workshop Auckland Arts Festival
Free Free Free Free Free Free Ticketed
36 51 22 64 100 600 100
14 March
Star Navigator workshop Auckland Arts Festival
Ticketed
100
23 March 23 March 24 March 25 March 25 March 26 March 26 March 27 March 27 March 18 May 18 May 19 May 20 May 20 May 21 May 21 May 22 May 22 May 1 June 22 June 25 June
Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Opera’s Got Talent Smarter Than Smoking Sing Out Loud! Smarter Than Smoking Sing Out Loud! Smarter Than Smoking Sing Out Loud! Smarter Than Smoking Sing Out Loud! Smarter Than Smoking Sing Out Loud! Smarter Than Smoking Sing Out Loud! Smarter Than Smoking Sing Out Loud! Smarter Than Smoking Sing Out Loud! Smarter Than Smoking Sing Out Loud! WAFL Derby (Sam Roberts Smith) City of Subiaco Library : World Music Day Event Mentoring Session: Brad Cohen
Opera in the Park Opera in the Park Opera in the Park Opera in the Park Opera in the Park Opera in the Park Workshop – Auckland Arts Festival Workshop – Auckland Arts Festival School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion Ch7 corporate event Community Talk Coaching
6 March
18
Ticketed Ticketed Ticketed Sponsored Sponsored Ticketed Sponsored Ticketed Ticketed Sponsored Ticketed Ticketed Ticketed Sponsored Sponsored Ticketed Ticketed Ticketed Sponsor Free Free
TOTAL 570 570 570 570 570 570 570 1156 78 1156 67 1156 58
55 75 24 360 200 214 25 422 300 150 50 200 43 170 200 330 43 40 1000 100 2
EVENT AND ATTENDANCE SUMMARY 2015 CONTINUED 1 July 11 July 14 July 14 July 16 July 16 July 16 July 17 July 18 July 18 July 21 July 21 July 22 July 23 July 23 July 23 July 23 July 25 July 25 July 07 September 07 September 08 September 09 September 09 September 10 September 10 September 11 September 18 September 27 September 01 October 01 October 12 October 13 October 13 October 14 October 14 October 14 October 15 October 16 October 18 October 27 October 29 October 29 October 31 October 31 October 3 November 3 November 5 November 5 November 7 November 7 November 13 November 15 November 15 November 16 November 26 November 26 November 27 November 30 November 30 November 01 December 01 December 02 December 02 December 03 December 03 December 04 December 08 December
Intro to Opera: The Marriage of Figaro Figaro: General Rehearsal The Marriage of Figaro Figaro: Pre performance talk The Marriage of Figaro Figaro: Pre performance talk Figaro: Backstage Tour Smarter Than Smoking WACE Workshop The Marriage of Figaro Figaro: Pre performance talk The Marriage of Figaro Figaro: Pre performance talk Figaro: Backstage Tour The Marriage of Figaro Figaro: Pre performance talk Coaching: Antony Walker Coaching: Antony Walker The Marriage of Figaro Figaro: Pre performance talk Smarter Than Smoking Opera Snapshots Smarter Than Smoking Opera Snapshots Smarter Than Smoking Opera Snapshots Smarter Than Smoking Opera Snapshots Smarter Than Smoking Opera Snapshots Smarter Than Smoking Opera Snapshots Smarter Than Smoking Opera Snapshots Smarter Than Smoking Opera Snapshots Wesfarmers Arts Sundowner: Mentored Artists WAFL Grand Final: Sam Roberts Smith Smarter Than Smoking Opera Snapshots Master class Teddy Tahu Rhodes and Sam Roberts-Smit Opera in Schools: Esperance Opera in Schools: Esperance Opera in Schools: Esperance Opera in Schools: Esperance Opera in Schools: Esperance Intro to Opera: Faust Opera in Schools: Esperance Opera in Esperance – Agricultural Show Telethon: Teddy Tahu Rhodes Faust: General Rehearsal Faust Faust: Pre performance talk Faust Faust: Pre performance talk Faust Faust: Pre performance talk Faust Faust: Pre performance talk Faust Faust: Pre performance talk Seniors Week – Opera in the Studio Opera in schools: Merredin Opera in Schools: Merredin Wesfarmers Arts Make-up Workshop Wesfarmers Arts Make- up Workshop Opera in Schools: Bencubbin Opera in Merredin Opera in Schools: Kalgoorlie Opera in Schools: Kalgoorlie Opera in Schools: Kalgoorlie Opera in Schools: Kalgoorlie Opera in Schools: Kalgoorlie Opera in Schools: Kalgoorlie Opera in Schools: Kalgoorlie Opera in Schools: Kalgoorlie Opera in Schools: Kalgoorlie Wesfarmers Arts Chairman's Dinner
TOTAL
The Marriage of Figaro The Marriage of Figaro The Marriage of Figaro The Marriage of Figaro The Marriage of Figaro The Marriage of Figaro Education Workshop Education Workshop The Marriage of Figaro The Marriage of Figaro The Marriage of Figaro The Marriage of Figaro Education Workshop The Marriage of Figaro The Marriage of Figaro Coaching Coaching The Marriage of Figaro The Marriage of Figaro School Incursion Education Workshop School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion Sponsor Event TV Performance Education Workshop Coaching School Incursion School Incursion School Incursion School Incursion School Incursion Faust School Incursion Community Perform. TV Performance Faust Faust Faust Faust Faust Faust Faust Faust Faust Faust Faust Community Perform. School Incursion School Incursion Education Workshop Education Workshop Education Workshop Performance School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion School Incursion Sponsor Event
Free Free Ticketed Free Ticketed Free Free Ticketed Ticketed Free Ticketed Free Free Ticketed Free Free Free Ticketed Free Ticketed Ticketed Sponsored Ticketed Ticketed Ticketed Ticketed Ticketed Free Ticketed Ticketed Free Free Free Free Free Free Free Free Free Free Free Ticketed Free Ticketed Free Ticketed Free Ticketed Free Ticketed Free Free Free Free Ticketed Ticketed Free Ticketed Free Free Free Free Free Free Free Free Free Free
64 271 453 62 772 68 22 16 901 68 670 57 14 849 68 2 2 1010 80 67 40 400 98 150 150 60 280 70 13 084 42 3 550 180 60 80 500 60 220 400 96 440 323 450 70 848 110 664 102 844 96 991 110 98 300 60 24 6 32 122 620 300 320 400 100 320 80 60 700 100
49,64222
BOARD Corporate Governance Throughout the year the Board maintained a proactive role in risk management and corporate decision-making processes. The Board offered a range of expertise in the disciplines of finance, legal, sponsorship, marketing and business management. The Board met on a regular basis throughout the year. In addition to board meetings, the Chairman met with the General Manager regularly. A package is prepared for the Board by the General Manager for distribution one week prior to each meeting. This package includes the board agenda, minutes from the previous meeting, a summary of resolutions and actions from the previous meeting, financial papers, written reports, copies of key correspondence, contracts and media. The Minute Register is held in the company’s offices. The Board monitored the company’s finances at the Finance Committee and at board meetings and the Financial Consultant reviewed finances throughout the year. The Board ensured that the company maintained adequate insurance covers including workers compensation, directors’ liabilities, public liability insurance and travel insurances. The company produced a comprehensive Risk Management Report for Opera in the Park and maintained risk reports on productions. The Board delegated the day-to-day operation of the company to its General Manager. All matters of significance were referred to the Board for discussion, review and decisionmaking at monthly board meetings and/or at subcommittee level.
19
Board Biographies TERRY BOWEN Chairman Member Finance and Nomination Committees Terry joined Wesfarmers in 1996 and undertook various roles with Wesfarmers Landmark where he was appointed Chief Financial Officer until its acquisition by AWB Limited in 2003. He was then appointed the inaugural Chief Financial Officer for Jetstar Airways. Terry re-joined Wesfarmers as Managing Director, Wesfarmers Industrial & Safety in November 2005. He became Finance Director, Coles in 2007, prior to his appointment as Finance Director, Wesfarmers Limited in May 2009. He is also a director of a number of Wesfarmers group subsidiaries and related companies; a member of the Advisory Board of Curtin University’s Business School, a member of the Scotch College Council and an Advisory Forum to the Australian Stock Exchange. Previously, Terry was the President of the National Executive of the Group of 100 Inc. and a director of the Harry Perkins Institute for Medical Research Inc., previously known as the Western Australian Institute for Medical Research Inc. Terry holds a Bachelor of Accountancy and is a Certified Practicing Accountant. Terry is also a member of the Australian Institute of Company Directors.
ANDREW PASCOE Co-deputy Chair Member Sponsorship and Nomination Committees Andrew Pascoe is a partner in the corporate group of Allens in Perth. He is also the Perth Practice Director. Andrew specialises in mergers and acquisitions transactions, and major project and infrastructure development. He also practices in the area of equity capital markets, corporate governance, incorporated and unincorporated joint ventures, foreign investment in Australia, private equity transactions, and a range of commercial contracts and transactions. Andrew is also a member of the Legal Practice Board of Western Australia.
CATHERINE FERRARI Co-deputy Chair Chair, Finance Committee, Member Nominations Committee Catherine was the Chief Executive Officer of the West Australian Symphony Orchestra and prior to that was the Western Australian Director of the Australian Society of Certified Practising Accountants. She has a strong record in the strategic positioning of organisations and of engagement with key stakeholders and the community. In 2004, she began her current role as General Manager Communications with the Water Corporation. She is Deputy Chairman of the West Australian Opera Board, a trustee of the Legal Contribution trust, a board member of the John Curtin Art Gallery and the State Library of Western Australia Foundation
20
JULIAN BURT Member, Sponsorship Committee Julian Burt graduated from Christchurch Grammar School in 1987 and studied at the Royal Agricultural College at Cirencester, England 1991-1992. On return to Australia he worked in the family mineral business, known as the Drillex Group of Companies. He was appointed a Director of the company in 1998. In 2003 he became a Director and part-owner of Metzke Pty Ltd a manufacturer in mineral drilling technology. Julian has extensive experience in governance and community service. He is currently involved in the following Company Directorships since 2003; Director, WA Opera; Director, Kimberley Foundation Australia ;Foundation Member, National Gallery of Australia; Member, Western Australian Cricket Association; Board, St George’s Cathedral Foundation for the Arts; Chairman, St George’s Cathedral Heritage Precinct Fundraising Committee; Patron, Football (Soccer) Hall of Fame WA; Officer, the Order of St Lazarus of Jerusalem; Knight of the Order of Saint John ; Lay Canon and Member of the Chapter of St George’s Cathedral, Perth; and Justice of the Peace (WA). Julian is currently studying a Bachelor of Arts majoring in history and political science at The University of Western Australia. WARWICK HEMSLEY Board Director Warwick Hemsley served as Managing Director of Peet Limited for 17 years and was a Director of the company from 1985 to 2011. After graduating from the University of Western Australia with a Bachelor of Commerce, he commenced his professional career with Coopers & Lybrand (now PricewaterhouseCoopers) and subsequently moved into the property development industry and gained his formal property qualifications. Warwick is a past President of the Urban Development Institute of Australia (WA Division), and a past President of the Western Australian Chamber of Commerce & Industry. Warwick’s commitment to community, and in particular the Arts and Education, continues through his various involvements as board member (and immediate past Chairman) of the Chamber of Arts and Culture WA, a Council Member of the National Gallery of Australia in Canberra, Chairman of the Anglicare Winter Appeal Committee, a Board Member of the Winston Churchill Memorial Trust, and a Member of the Curtin Business School Advisory Council.
DR INGRID O’BRIEN Chair, Sponsorship Committee Ingrid is a Marketing Strategy Consultant, running her own boutique consultancy firm. As a specialist in the area of marketing strategy, Ingrid has over 15 years international consulting experience. She has worked in Australia, UK, Europe, USA and China, with a variety of blue-chip companies across a range of sectors such as financial services, resources, not-for-profits, professional services, healthcare, retail, agriculture, government, online marketing and education. Ingrid also works as a Lecturer in the School of Management and Governance at Murdoch University.
21
JAN STEWART Board Director (appointed 29 April 2015) Jan Stewart PSM, BA, MSW. GAICD Jan Stewart held the position of CEO of Lotterywest from 1992 to December 2014, an organisation which in 2013/14 had a turnover of almost $A800 million. The sales from lottery products raised in that year total more than $A271 million for the community of Western Australia of which $124 million was distributed as direct grants to over 1000 different community organisations. Jan is a social worker by profession, having graduated from the University of Western Australia with a Bachelor of Arts and Master’s Degree in Social Work. Her career prior to Lotterywest included 8 years as Chief Social Worker at Perth’s major paediatric teaching hospital. Jan currently is acting CEO of West Australian Ballet. Jan has held many voluntary board positions both locally and internationally including that of Senior Vice President on the Executive Committee of the World Lottery Association for more than eight years and was the inaugural position of President of the Asia Pacific Lottery Association from 1999 to 2004. She was reappointed to the Asia Pacific Lottery Association in 2012 and held that position until December 2014. Jan is a member of the boards of Save the Children Australia, Mercycare, Perkins Institute, the WA Library Foundation and St Bartholomew’s House. She is Chairman of the advisory committee of the University of Western Australia’s Centre for Social Impact. Jan was awarded a Medal for outstanding service to the University of Western Australia in 2004, a Public Service Medal in the Australia Day honours of 2009 and is a graduate of the Australian Institute of Company Directors.
MARIO D’ORAZIO Board Director (appointed 29 April 2015) Member Sponsorship Committee Since 2011 Mario has been the Managing Director of Channel Seven in Perth. TVW 7 Perth has been Australia’s highest rating and best performing TV station for several years with a strong focus on community engagement, local production and sport. It created the wonderful children's charity, Telethon, in 1968, which has set new standards in philanthropy in WA. Mario has been a trustee of Telethon Trust since 2011. Mario holds a Bachelor of Arts and a Diploma of Education (Sociology and History) from the University of Western Australia. He is a member of the board of the WA Academy of Performing Arts. Mario advises Edith Cowan University on the direction of the WA Academy of Performing Arts (WAAPA). He is also the Chairman of the Perth Public Art Foundation, an organisation that raises funds, creates and promotes public art in the CBD. Through his role Mario has restructured the former foundation to gain more independence from the City of Perth, appointing a new board and engaging the inaugural General Manager. Mario is the director of the Asia Business Centre Advisory Board. This is a new initiative by Curtain University’s Business School and aims to develop research projects and grow WA’s links to businesses in the region. He is also the director of the Australian Institute of Management, a highly respected professional educational, research and training institution. Mario is a member of the Australian Institute of Company Directors.
21
Private Giving Report PRIVATE GIVING PROGRAM
Thank you to each and every donor for your important, valued and appreciated contribution. The Private Giving Program enables the company to continue to seek ways to shape the company in a sustainable way. It helps to keep opera affordable and accessible to a wide audience. Donors demonstrate a shared passion for the artform and stretch the way they appreciate opera. The Program’s key investment areas are: • Distinctive, world’s best performances • Youth and education programs • Community and access projects • Young & emerging artists development Each valuable contribution from generous individuals provide the means to: • Attract and retain artistic talent from around the world • Present ‘Opera in the Park’ a free concert for over 15,000 people annually • Tour to regional centres in Western Australia • Offer education and outreach programs for young people and adults • Introduce school age children to opera at His Majesty’s Theatre through discounted tickets and education packs • Develop the careers of West Australian artists through the Wesfarmers Arts Young Artist Program Donors are publicly acknowledged in season programs, on the website and in the Annual Report. Donors receive e-newsletters and invitations to donor events which offer opportunities to meet West Australian Opera artists. If you are interested in supporting the state opera company please feel welcome to phone 08 9278 8901 or refer to the website www.waopera.asn.au
22
Private Giving Report BEQUEST PROGRAM Bequests to West Australian Opera are preserved as the legacies of their donors, people with vision who understand the importance of opera to a community. These legacies help us to continue with the presentation of world-class opera and development of young artists into the future, for new generations of West Australians. Unless otherwise stipulated, monies received from bequests will be invested and preserved in the Endowment Fund and income earned used to support the company’s key investment areas or specific projects as outlined in the bequest. ENDOWMENT FUND Becoming an endowment fund supporter is a unique opportunity to partner with West Australian Opera. Endowment fund support represents a meaningful investment in the arts and in the diverse community of Western Australia. Established in 2008 the Endowment Fund’s purpose is to build capital reserves, which support the company’s ability to present world-class opera productions of the highest calibre with the most talented artists of our time now and for the next generation of artists and individuals. Bequests, major gifts and capital funds created by individuals will be placed within the Endowment Fund. Income earned enables West Australian Opera to keep performances a live and accessible art form for all West Australians. FORTESCUE METALS GROUP SHARES In 2011 the company gratefully received a major gift from the Forrest Family. Individual giving in the arts is greatly valued. The support that foundations, trusts and donors offer to arts companies has a significant impact on the ability to plan and deliver initiatives. West Australian Opera wishes to acknowledge and thank Andrew and Nicola Forrest for the generous gift of shares. This contribution stands as testament to their commitment to a strong and vibrant arts sector in Western Australia. This unique and unprecedented gift is vital to the company’s future and success.
23
Private Giving Cast of Supporters West Australian Opera thanks every donor for their generous donation to the Private Giving Program. LEADERSHIP CIRCLE ($10,000+) Julian & Alexandra Burt Andrew & Nicola Forrest Warwick Hemsley The James Galvin Foundation Richard Tarala and Lyn Beazley AO Ernst & Young PRINCIPAL PATRON ($5,000+) Dr Jack Bendat AM & Mrs Eleanor Bendat Dr & Mrs Christopher Denz The Robert Kimpton Family Dr Robert Larbalestier The Stan Perron Charitable Trust Joyce Westrip OAM BENEFACTOR ($2,500 - $4,999) Neil Archibald & Alan R Dodge AM Matthew J C Blampey Dr Bryant Macfie Neil & Annie Patrick Sonia Phelan Tuite Family Foundation Anonymous (1)
SUPPORTER ($1,000 - $2,499) Her Excellency The Honourable Kerry Sanderson AO Mrs Gaysie Atkinson Cathy Bardon & Bob Cassie Betty Barker Peter Blaxell Dr and Mrs Breidahl Jennifer Brukner Helen Carroll Mrs Joan Carney Helen Cook Lorraine Ellard Catherine Ferrari Erich and Liz Fraunschiel Dr Dennis Hayward Kathryn Hogan and Graham Droppert Francis & Suzette Landels Patrick Lilburne Arthurs Metaxas Richard Noble & Co Max and Susan Page Dr Peter Simpson OAM Tri and Christina Suseno Mrs Elizabeth Syme Dana Trtica
Private Giving Cast of Supporters FRIEND ($200 - $999) Ian & Kerry Adams Mr David Black Henry Boston Robert Branchi Lynne Buzzard Mary Carr Dr Charlene Caspersz Carolyn Chard Tony & Sheila Cockbain Christopher Edge Peter Edwards Mrs Shirley Egan John Evans Noel and Frieda French Friends of His Majesty’s Theatre Isobel Glencross P & A Hawkins Dr Penny Herbert Ian & Sue Hobson Margaret Jarman Norma and Max Kay AM CitWA Jennie Kennedy Suzette Landels Rosalind Lilley Jill Lowes Mindy Green and Steve McDonald Dr Toby Manford Bernard Mearns Anthony Munro Robert Nicholson Ceclia Patterson Jennifer Rankin Rosalin Sadler Dr Louise Sparrow Alan & Jan Stewart Mrs Janet Thackray Professor Grady Venville Diana Warnock OAM Olive Wheeler-Brennan Peter & Hilary Winterton Mature Adults Learning Association
ANDREW AND NICOLA FORREST The generous gift of FMG shares is testament to the Forrest’s commitment to a strong and vibrant arts sector in Western Australia and we acknowledge the Minderoo Foundation. TRUSTS AND FOUNDATIONS Bendat Family Foundation Bel Canto Fund James Galvin Family Minderoo Foundation Stan Perron Charitable Trust Society of WA Opera Lovers Inc. Tuite Family Foundation Wright Burt Foundation YOUNG ARTIST PROGRAM The Bendat Scholarship Mr Andrew Mitchell The Simon Lee Foundation Society of WA Opera Lovers James Galvin Family BEL CANTO FUND Thanks to the leadership donors of the Bel Canto Fund. BEQUEST CIRCLE Ailsa West Anita & James Clayton Anonymous (1)
Anonymous (10)
25
Sponsorship Report The company is very proud of its partnership with Wesfarmers Arts, Principal Partner. The contributions made by sponsors, trusts, foundations and supporters is vital to the continued success of West Australian Opera. Sponsorship plays a critical role in the growth and development of the company and enables the company to present opera of the highest standard and fulfil the aim of making opera an evolving, relevant and valuable art form that can be a source of pride for West Australians.
We are grateful for the support of the City of Perth as Civic Partner with Naming Rights for the signature outdoor summer event ‘City of Perth’s Opera in the Park’ and to Lotterywest who provide the infrastructure and means to enable the regional simulcast of City of Perth’s Opera in the Park for the fourth consecutive year. The company is grateful to the ongoing loyalty and commitment of sponsors and partners who generously support the state opera company.
Principal Partner Wesfarmers Arts Civic Partner City of Perth Community Partner Lotterywest Airline Partner Qantas Conductor Partner National Australia Bank Media Partners Channel 7 GWN 7 The West Australian Major/Education Partners Healthway Alcohol. Think Again Opera Sponsors Abbott & Co Printers Adina Apartment Hotels Avant Card Future Logic Konica Minolta Kreepy Krauly Society of WA Opera Lovers Inc. Vorian Agency Voyager Estate Government Partners Government of Western Australia Department of Culture and the Arts Lotterywest Australian Government through the Australia Council for the Arts Foundations Bel Canto Fund Bendat Family Foundation James Galvin Family Foundation Minderoo Foundation Stan Perron Charitable Trust Wright Burt Foundation
26
West Australian Opera Company Incorporated Financial Report for the year ended 31 December 2015
27
THE WESTERN AUSTRALIAN OPERA COMPANY INCORPORATED
Financial Report
For the year ended
31 December 2015
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Directors’ Report Your Directors submit the financial report of The Western Australian Opera Company Incorporated for the year ended 31 December 2015. 1.
Directors during the financial year and until the date of this report: Mr Terry Bowen (Chairman) Ms Catherine Ferrari (Deputy Chair) Mr Andrew Pascoe (Deputy Chair) Mr Julian Burt Mr Mario D’Orazio (appointed 29th April 2015) Dr Chris Denz (resigned 29th April 2015) Mr Warwick Hemsley Ms Ingrid O’Brien Ms Jan Stewart (appointed 29th April 2015)
2.
Principal Activities The principal activity of The Western Australian Opera Company Inc in the course of the financial year was the presentation of opera.
3.
Significant Changes No significant change in the nature of these activities occurred during the year.
4.
Operating Result The profit from ordinary activities for the financial year was $277,335 (2014: loss $321,299). The underlying profit before recognising the revaluation of the availablefor-sale investment was $413,323 (2014: loss $78,688).
5.
Auditor’s Independence declaration The auditor’s independence declaration under section 60-40 of the Australian Charities and Not For Profit Commission Act 2012 is included in this Annual Report and forms part of the Directors’ Report of The Western Australian Opera Company Inc for the year ended 31 December 2015.
Signed in accordance with a Resolution of the Board.
........................................................................ Terry Bowen (Chairman) Dated this 15th day of April 2016 1
........................................................................ Catherine Ferrari (Deputy Chair)
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Statement of Comprehensive Income for the year ended 31 December 2015 NOTES
2015 $
2014 $
Revenue
2
1,081,292
1,497,502
Other Income
2
4,336,222
4,139,209
(2,236,983)
(2,807,730)
(8,483)
(9,878)
Movement in fair value of available-for-sale investment
(135,988)
(242,541)
Other expenses Production sets, costumes and sound Theatre rental and associated costs Other costs of production Administration expenditure Marketing and promotion expenditure Opera Conference contribution
(475,971) (473,902) (587,703) (302,479) (642,649) (276,021)
(491,393) (636,007) (474,703) (327,637) (697,610) (270,441)
277,335
(321,229)
-
(236,438)
277,335
(557,667)
Employee expenses Depreciation
Net profit/(loss) attributable to the Association Other comprehensive income to be reclassified to profit or loss in subsequent periods Increase/(Decrease) in Investment Revaluation Reserve Total comprehensive income for the year
The accompanying notes form part of these financial statements 2
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Statement of Financial Position as at 31 December 2015 NOTES
2015 $
2014 $
600,929 1,325,000 132,221 175,239
746,157 800,000 334,216 279,584
2,233,389
2,159,957
845,000 55,333 292,296
845,000 61,185 428,284
TOTAL NON-CURRENT ASSETS
1,192,629
1,334,469
TOTAL ASSETS
3,426,018
3,494,426
387,986 48,336
730,756 55,454
436,322
786,210
32,568
28,423
32,568
28,423
468,890
814,633
2,957,128
2,679,793
1,137,128 1,820,000
859,793 1,820,000
2,957,128
2,679,793
CURRENT ASSETS Cash and cash equivalents Deposits Trade and other receivables Other current assets
3 4 6 7
TOTAL CURRENT ASSETS NON-CURRENT ASSETS Restricted cash deposits Property, plant and equipment Available for sale investment
5 8 9
CURRENT LIABILITIES Trade and other payables Short-term provisions
10 11
TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Long-term provisions
11
TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Retained profits Reserves
12
TOTAL EQUITY
The accompanying notes form part of these financial statements
3
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Statement of Changes In Equity for the year ended 31 December 2015
Retained Profits $ Balance at 1 January 2014 Net profit/(loss) attributable to the association Decrease in Investment Revaluation Reserve Balance at 31 December 2014
Balance at 1 January 2015 Net profit/(loss) attributable to the association Balance at 31 December 2015
Restricted Funds Reserve $ (Note 12)
Unrestricted Funds Reserve $ (Note 12)
Investment Revaluation Reserve $ (Note 12)
Total $
1,181,022
845,000
975,000
236,438
3,237,460
(321,229)
-
-
-
(321,229)
-
-
-
(236,438)
(236,438)
845,000
975,000
-
2,679,793
859,793
845,000
975,000
-
2,679,793
277,335
-
-
-
277,335
1,137,128
845,000
975,000
-
2,957,128
859,793
The accompanying notes form part of these financial statements
4
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Statement of Cash Flows for the year ended 31 December 2015
NOTES
2015 $
2014 $
1,557,441 2,231,628 16,529 1,396,727 (4,910,884) 90,962
1,271,775 1,739,588 43,952 1,453,691 (5,895,358) 98,378
382,403
(1,287,974)
Cash flows from Investing Activities Payment for property, plant and equipment
(2,631)
(1,880)
Net Cash used in Investing Activities
(2,631)
(1,880)
379,772
(1,289,854)
2,391,157
3,681,011
2,770,929
2,391,157
Cash flows from Operating Activities Donations and sponsorship received Grants received Dividends Received Receipts in the course of operations Payments to suppliers and employees Interest Received Net cash provided/(used) by Operating Activities
16(b)
Net increase/(decrease) in cash held Cash at beginning of the financial year Cash at the end of the financial year
16(a)
The accompanying notes form part of these financial statements
5
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 1.
Summary of significant accounting policies
a)
Basis of preparation The Financial Report is a general purpose financial report that has been drawn up in accordance with Australian Accounting Standards and other authoritative pronouncements of the Australian Accounting Standards Board and the requirements of the Associations Incorporation Act (WA) 1987. The financial report covers The Western Australian Opera Company Incorporated as an individual entity. The Western Australian Opera Company Incorporated is an Association incorporated in Western Australia under the Associations Incorporation Act (WA) 1987. The Western Australian Opera Company Incorporated is a not-for-profit entity. The financial report is prepared on an accruals basis and is based on historical costs and does not take into account changing money values, or, except where stated, current valuations of non-current assets. Cost is based on the fair values of consideration given in exchange for assets. The accounting policies have been consistently applied, unless otherwise stated.
b)
New accounting standards and interpretations In the current year the Association has adopted all of the new and revised Standards and Interpretations issued by the Australian Accounting Standards Board (AASB) that are relevant to its operations and effective for reporting periods beginning 1 January 2015. The adoption of these new and revised Standards and Interpretations did not have any effect on the financial position of the Association. Australian Accounting Standards and Interpretations that have recently been issued or amended but are not yet effective have not been adopted by the Association for the annual reporting period ended 31 December 2015. The directors have not yet fully assessed the impact of these new and amended Standards and Interpretations. The following is a summary of the material accounting policies adopted by the Association in the preparation of the financial report. The accounting policies have been consistently applied, unless otherwise stated.
c)
Property, Plant and Equipment Each class of property, plant and equipment is carried at cost less, where applicable, any accumulated depreciation. The carrying amount of plant and equipment is reviewed annually by the Association to ensure it is not in excess of the recoverable amount from those assets. The recoverable amount is assessed on the basis of the expected net cash flows which will be received from the assets’ employment and subsequent disposal. 6
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 Property, Plant and Equipment cont. Depreciation The depreciable amounts of all property, plant and equipment are depreciated on a straight line basis over the useful lives of the assets to the Association, commencing from the time the assets are held ready for use. The depreciation rates used for each class of depreciable assets are: Class of property, plant and equipment Office Equipment, Furniture & Fittings Pianos Music library Sound Shell Production Equipment
Depreciation Rate 10 - 50% 33% 10% 10% 10%
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains and losses are included in the income statement. d)
Employee Benefits (i)Wages, salaries, annual leave and sick leave Liabilities for wages and salaries, including non-monetary benefits, annual leave and accumulating sick leave expected to settle within 12 months of the reporting date are recognised in respect of employees’ services up to the reporting date. They are measured at the amounts expected to be paid when the liabilities are settled. Expenses for non-accumulating sick leave are recognised when the leave is taken and are measured at the rates paid or payable. (ii)Long service leave The liability for long service leave is recognised and measured as the present value of expected future payments to be made in respect of services provided by employees up to the reporting date using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employees departures, and periods of service. Expected future payments are discounted using market yields at the reporting date on national government bonds with terms to maturity and currencies that match, as closely as possible, the estimated future cash outflows.
7
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 e)
Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short term highly liquid investments with maturities of three months or less.
f)
Revenue Interest revenue is recognised as interest accrues using the effective interest method. This is a method of calculating the amortised cost of a financial asset and allocating the interest income over the relevant period using the effective interest rate. Revenue from the rendering of a service is recognised upon the delivery of the service to the customers. Government grants are initially recognised in the balance sheet as a liability when the grant is received. When the grant relates to an expense item it is recognised as income over the periods necessary to match the grant on a systematic basis to the costs that it is intended to compensate. Revenue from donations is recognised on receipt. All revenue is stated net of the amount of goods and services tax (GST).
g)
Goods & Services Tax Revenues, 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 Australian Taxation Office (ATO). In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of expense. Receivables and payables are stated with the amount of GST included. The net amount of GST recoverable from or payable to, the ATO is included as a current asset or liability in the Balance Sheet. Cash flows are included in the Cash Flow Statement 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 in the statement.
8
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 h)
Income tax The Association is deemed a non-profit organisation for income tax purposes and has tax exempt status under Section 50-45 9.2 of the Income Tax Assessment Act 1997.
i)
Financial Instruments Recognition Financial instruments are initially measured at cost on trade date, which includes transaction costs, when the related contractual rights or obligations arise. Subsequent to initial recognition these instruments are measured as set out below. Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are stated at amortised cost using the effective interest rate method. Available-for-sale investments Available-for-sale investments are those non-derivative financial assets that are designated as available for sale. After initial recognition, available for sale investments are measured at fair value with gains and losses being recognised as a separate component of equity until the investment is derecognised or until the investment is determined to be impaired, at which time the cumulative gain or loss previously reported in equity is recognised in profit or loss. For available-for-sale financial investments, the Association must assess whether there is objective evidence that the investment is impaired. In the case of equity investments classified as available-for-sale, objective evidence would include a significant or prolonged decline in the fair value of the investment below its cost. The determination of what is “significant” or “prolonged” requires judgement. In making this judgement, the Association evaluates, among other factors, historical share price movements and the duration or extent to which the fair value of an investment is less than its cost. Financial liabilities Non-derivative financial liabilities are recognised at amortised cost, comprising original debt less principal payments and amortisation. Impairment At each reporting date, the Association assesses whether there is objective evidence that a financial instrument has been impaired. Impairment losses are recognised in the income statement.
9
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015
j)
Leases Lease payments for operating leases, where substantially all risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred.
2
REVENUE, OTHER INCOME AND EXPENSES
(a) Revenue Performance income Interest received Members subscriptions Total Revenue
2015 $
2014 $
986,051 93,161 2,080 1,081,292
1,395,833 99,684 1,985 1,497,502
1,896,212
1,868,190
(b) Other Income Operating grants - Department of Culture & the Arts WA – Base grant - Department of Culture & the Arts WA – Regional Touring grant - Department of Culture & the Arts WA – Production grant for Otello - Australia Council – Base grant Sponsorship – Healthway Private and corporate support Co-production income Dividends Received Sundry income Total Other Income
152,000
122,054
463,416 200,000 1,403,663 180,000 16,529 24,402 4,336,222
100,000 453,439 1,335,331 70,000 43,952 146,243 4,139,209
Total Revenue and other income
5,417,514
5,636,711
8,483 40,500 53,700
9,878 39,200 46,980
(c) Expenses Depreciation of plant and equipment Audit fees (reimbursed by corporate donation) Operating lease rental payments
10
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015
3
CASH AND CASH EQUIVALENTS Cash at bank and on hand Deposits with maturity of less than 3 months
Effective interest rate 4
Effective interest rate
600,929 -
546,157 200,000
600,929
746,157
2.25%
2.19%
1,325,000
800,000
1,325,000
800,000
2.59%
3.52%
845,000
845,000
845,000
845,000
2.47%
3.61%
5,855 20,000 106,366
151,696 182,520
132,221
334,216
RESTRICTED CASH DEPOSIT Restricted cash deposit Access to cash restricted under terms of the Reserve Incentive Scheme, Bendat Family Foundation Deed of Gift and Bel Canto Fund. Refer Note 12 for more details. Effective interest rate
6
2014 $
DEPOSITS Deposits with maturity of more than 3 months
5
2015 $
TRADE AND OTHER RECEIVABLES Trade Debtors Income receivable from Healthway Other receivables
These amounts are non-interest bearing receivables which relate to sundry debtors and accrued interest. 7
OTHER CURRENT ASSETS Prepayments
175,239
11
279,584
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015
8
2015 $
2014 $
182,186 (146,853) 35,333
179,555 (138,370) 41,185
Pianos – at cost Less accumulated depreciation
119,749 (99,749) 20,000
119,749 (99,749) 20,000
Music Library – at cost Less accumulated depreciation
1,257 (1,257) -
1,257 (1,257) -
Sound Shell – at cost Less accumulated depreciation
13,505 (13,505) -
13,505 (13,505) -
Production equipment – at cost Less accumulated depreciation
44,406 (44,406) 55,333
44,406 (44,406) 61,185
PROPERTY, PLANT AND EQUIPMENT Office furniture and equipment – at cost Less accumulated depreciation
(a) Movements in carrying amounts Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year 2015 Balance at the beginning of the year Additions Depreciation Carrying amount at end of year 2014 Balance at the beginning of the year Additions Depreciation Carrying amount at end of year
Office Furniture & Equipment $
Pianos $
Music Library $
Sound Shell $
Production Equipment $
Total $
41,185 2,631 (8,483)
20,000 -
-
-
-
61,185 2,631 (8,483)
35,333
20,000
-
-
-
55,333
Office Furniture & Equipment $
Pianos $
Music Library $
Sound Shell $
Production Equipment $
Total $
49,183 1,880 (9,878)
20,000 -
-
-
-
49,183 21,880 (9,878)
41,185
20,000
-
-
-
61,185
12
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 9 AVAILABLE-FOR-SALE INVESTMENT
2015 $
2014 $
428,284 (135,988) 292,296
891,938 15,325 (478,979) 428,284
Movement in available-for-sale investment Value as at 1 January Dividends Reinvested Revaluation/(Devaluation) increment
During the 2011 financial year the Association acquired an investment in listed shares of Fortescue Metals Group (FMG) by donation. The fair value of the shares is determined by reference to published price quotations on the ASX. The valuation of this available-for-sale investment is classified as a level 1 valuation under AASB 13. 2015 2014 $ $ 10 TRADE AND OTHER PAYABLES Trade Creditors Accruals Loan from UWA Income received in advance Grants received in Advance - DCA WA – The Rabbits production - DCA WA – Star Navigator production - Creative Partnerships Australia
83,066 60,920 20,000 174,000
122,949 37,585 20,000 220,222
50,000 387,986
180,000 100,000 50,000 730,756
The amount of the Loan from UWA is based on an agreed value of a piano on loan to the Association from the University of Western Australia. 11 PROVISIONS
Annual Leave $
Opening balance at 1 January 2015 Additional provisions raised during the year Amounts used Balance at 31 December 2015
52,911 48,090 (56,846) 44,155
Opening balance at 1 January 2014 Additional provisions raised during the year Amounts used Balance at 31 December 2014
24,482 48,958 (20,529) 52,911
13
Long Service Leave $
TOTAL $
30,966 5,783 36,749
83,877 53,873 (56,846) 80,904
39,333 9,876 (18,243) 30,966
63,815 58,834 (38,772) 83,877
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 11 PROVISIONS cont. Annual Leave Current Long Service Leave Total Current Provisions
2015 $ 44,155 4,181 48,336
2014 $ 52,911 2,543 55,454
Non-Current Long Service Leave Total Non-Current Provisions
32,568 32,568
28,423 28,423
Total Provisions
80,904
83,877
A provision has been recognised for employee entitlements relating to annual and long service leave for employees. In calculating the present value of future cash flows in respect of long service leave, the probability of long service leave being taken is based upon historical data. The measurement and recognition criteria for employee benefits have been included in Note 1. The current provision for long service leave represents the value of employee entitlements expected to be paid within the next year. 2015 2014 Number of employees at year end
7
8
12 RESERVES Restricted Funds Reserves are comprised of: (1) Reserve Incentive Scheme Agreement – This $300,000 (2014: $300,000) reserve is established with contributions received from the Australia Council through the Major Performing Arts Board ($100,000), Department of Culture and the Arts WA ($100,000) and the transfer from the Association’s retained profits ($100,000). These funds are to be held in escrow subject to the terms and conditions of the Reserve Incentive Scheme and have not been used to secure any liabilities of the Association. (2) Bendat Family Foundation Deed of Gift – This $400,000 (2014: $400,000) reserve has been established for the purpose of establishing the Bendat Scholarship Fund and the Bendat Scholarship Fund no. 2 to assist the WA Opera Company to fund scholarships awarded to talented young artists. These funds are to be held in escrow, with interest earned on the funds to be used to fund scholarships. (3) Bel Canto Fund Reserve – This $145,000 (2014: $145,000) reserve has been established for the purpose of providing interest earnings to assist WA Opera Company to develop and nurture talented local artists. These funds are to be held in escrow, with interest earned on the funds to be used to assist local artists.
14
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 12 RESERVES cont. Unrestricted Funds Reserves are comprised of: (4) Production Loss Reserve – This $500,000 (2014: $500,000) reserve has been established to provide against costs incurred should a production or a number of performances of a production be cancelled due to the unavoidable unavailability of artists or other essential personnel. (5) Capacity Building Reserve – This $475,000 (2014: $475,000) reserve has been established to provide against additional development costs incurred in the presentation of additional production seasons in future years. Other Reserves are comprised of: (6) Investment Revaluation Reserve – This reserve, with a nil balance at year end (2014: nil) is used to record increases in the fair value of available-for-sale investments and decreases to the extent that such decreases are not either significant or prolonged. 13 OPERATING LEASE COMMITMENTS Non-cancellable operating leases contracted for but not capitalised in the financial statements. Payable – minimum lease payments - not later than 12 months - between 12 months and five years
2015 $
2014 $
53,700 80,550
53,700 134,250
The property lease is a non-cancellable lease with a remaining term of 2 years and 6 months, with rent payable monthly in advance. An option exists to renew the lease for a further 3 years at the end of the term.
14 FORWARD PLANNING COMMITMENTS At 31 December 2015 the Association had committed to financial commitments totalling $765,442 (2014: $676,489) for principal artists, creative team and production team for Opera in the Park in February 2016, The Riders in April 2016, The Elixir of Love in July 2016 and The Pearl Fishers in October 2016. Payment of this amount is dependent on the productions taking place.
15
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 15 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The Association’s principal instruments are cash, short term deposits from grants and donations received, accounts receivable and accounts payable. Risk Exposures and Responses (a) Interest rate risk The Association’s exposure to interest rate risk arises from assets and liabilities bearing variable interest rates. At balance date, the Association had the following financial assets and liabilities exposed to variable interest rate risk:
Financial Assets Cash and cash equivalents Total
2015 $
2014 $
471,317 471,317
412,901 412,901
The Association does not enter into any form of hedging instruments to mitigate this risk. The following sensitivity analysis is based on the interest rate exposure in existence at the balance sheet date: At 31 December 2015, if interest rates had moved as illustrated in the table below, with all other variables held constant, profit and equity would have been affected as follows: Judgements of reasonably possible movements:
+ .5% (50 basis points)(2014: 50 basis points) - .5% (50 basis points)(2014: 50 basis points)
Post Tax Profit Higher/(Lower) 2015 2014 $ $ 2,356 2,064 (2,356)
(2,064)
Equity Higher/(Lower) 2015 2014 $ $ 2,356 2,064 (2,356)
(2,064)
The movement in profit is due to the higher/lower interest income from short term deposits. (b) Credit risk The Association’s maximum exposures to credit risk in relation to each class of recognised financial asset is the carrying amount of those assets as indicated in the Balance Sheet. There are no long outstanding trade receivables. (c) Foreign exchange risk The Association is not exposed to fluctuations in foreign currencies.
16
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 15 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES cont. (d) Liquidity Risk The Association manages liquidity risk by monitoring forecast cash flows. (e) Price risk The Association is not exposed to any material price risk. (f) Fair Values The carrying amount of the Association’s financial assets and financial liabilities approximate their fair value. Therefore fair values are as follows:
Financial Assets Cash and cash equivalents Deposits maturing in more than 3 months Restricted cash deposits Trade and other receivables Available-for-sale investments Financial liabilities Trade and other payables
2015 $
2014 $
600,929 1,325,000 845,000 132,221 292,296
746,157 800,000 845,000 334,216 428,284
387,986
730,756
16 CASH FLOW INFORMATION a) Reconciliation of Cash For the purposes of the Cash Flow Statement, cash includes cash at bank and short term deposits at call. Cash as at the end of the financial year is as follows for the purposes of the Statement of Cash Flows: NOTES Cash on hand and at bank Deposits with maturity of more than 3 months Restricted funds
17
2015 $
2014 $
3 4
600,929 1,325,000
746,157 800,000
5
845,000
845,000
2,770,929
2,391,157
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 16 CASH FLOW INFORMATION cont. b) Reconciliation of Cash Flows from Operations with Profit from Ordinary Activities Profit / (loss) from Ordinary Activities Add/(less) non-cash income and expense items: Non-cash dividend income Non-cash addition to property, plant & equipment Impairment of available-for-sale investment Depreciation Net cash provided/(used) by Operating Activities before change in assets and liabilities Change in assets and liabilities during the financial year: Decrease/(Increase) in debtors Decrease/(Increase) in other assets Increase/(Decrease) in trade creditors, accruals, grants in advance and other current liabilities Movement in employee benefits provisions Net cash provided/(used) by Operating Activities
2015 $
2014 $
277,335
(321,229)
135,988 8,483
(15,325) (20,000) 242,541 9,878
421,806
(104,135)
201,995 104,345
(246,351) (41,091)
(342,770) (2,973)
(916,459) 20,062
382,403
(1,287,974)
c) The Association has no credit stand-by or financing facilities in place.
17 SEGMENT REPORTING For management purposes, the Association is organised into one main operating segment, which involves productions. All of the Association’s activities are interrelated, and discrete financial information is reported to the Board (Chief Operating Decision Makers) as a single segment. Accordingly, all significant operating decisions are based upon analysis of the Association as one segment. The financial results from this segment are equivalent to the financial statements of the Association as a whole. 18 EVENTS SUBSEQUENT TO BALANCE DATE There were no material events occurring after the reporting date that had a financial effect on the Association. 19 RELATED PARTY TRANSACTIONS Directors perform their duties on an honorary basis. No related party transactions occurred during the financial year.
18
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Notes to the financial statements for the year ended 31 December 2015 20 AUDITORS’ REMUNERATION The auditor of The Western Australian Opera Company is Ernst & Young. The audit by Ernst & Young is a donation in-kind.
Value of donation in-kind
2015 $
2014 $
40,500
39,200
21 ASSOCIATION DETAILS The principal place of business of the Association is: The Western Australian Opera Company Incorporated Level 3, His Majesty’s Theatre 825 Hay Street PERTH WA 6000
19
The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2015
Statement by Directors
In the opinion of the Board the accompanying accounts as set out on pages 2 to 19: (a)
Represent a true and fair view of the financial position of The Western Australian Opera Company Incorporated as at 31 December 2015 and its performance for the year ended on that date in accordance with the Associations Incorporation Act (WA) 1987 and Australian Accounting Standards (including the Australian Accounting Interpretations) and the Australian Charities and Not For Profit Commission Act 2012.
(b)
At the date of this statement, there are reasonable grounds to believe that The Western Australian Opera Company Incorporated will be able to pay its debts as and when they fall due.
This statement is made in accordance with a resolution of the Board and is signed for and on behalf of the Board by:
........................................................................ Terry Bowen (Chairman)
Dated this 15th day of April 2016.
20
........................................................................ Catherine Ferrari (Deputy Chair)
Ernst & Young 11 Mounts Bay Road Perth WA 6000 Australia GPO Box M939 Perth WA 6843
Tel: +61 8 9429 2222 Fax: +61 8 9429 2436 ey.com/au
Independent auditor's report to the members of The Western Australian Opera Company Incorporated We have audited the accompanying financial report of The Western Australian Opera Company Incorporated, which comprises the statement of financial position as at 31 December 2015, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors' declaration.
Directors' responsibility for the financial report The directors of the company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Associations Incorporations Act (WA) 1987 and the Australian Charities and Not-for-Profits Commission Act 2012 and for such internal controls as the directors determine are necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error.
Auditor's responsibility Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal controls relevant to the preparation of the financial report that gives a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Independence In conducting our audit we have complied with the independence requirements of the Australian Charities and Not-for-Profits Commission Act 2012. We have given to the directors of the company a written Auditor’s Independence Declaration, a copy of which is included in the directors’ report.
A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation
DL:AJ:WAO:45
Opinion In our opinion: a.
the financial report of The Western Australian Opera Company Incorporated is in accordance with the Associations Incorporation Act (WA) 1987 and the Australian Charities and Not-for-Profits Commission Act 2012, including: i
giving a true and fair view of the company's financial position as at 31 December 2015 and of its performance and cash flows for the year ended on that date; and
ii
complying with Australian Accounting Standards and the Australian Charities and Not-forProfits Commission Regulation 2013.
Ernst & Young Perth 15 April 2016
A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation
Ernst & Young 11 Mounts Bay Road Perth WA 6000 Australia GPO Box M939 Perth WA 6843
Tel: +61 8 9429 2222 Fax: +61 8 9429 2436 ey.com/au
Auditor’s Independence Declaration to the Directors of The Western Australian Opera Company Incorporated In relation to our audit of the financial report of The Western Australian Opera Company Incorporated for the financial year ended 31 December 2015, and in accordance with the requirements of Subdivision 60-C of the Australian Charities and Not-for profits Commission Act 2012, to the best of my knowledge and belief, there have been no contraventions of the auditor independence requirements of the Australian Charities and Not-for profits Commission Act 2012 or any applicable code of professional conduct.
Ernst & Young
D S Lewsen Partner 15 April 2016
A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation
DL:AJ:WAO:044
SUPPORTERS (2015) PRINCIPAL PARTNER
MAJOR PARTNER
CIVIC PARTNER
COMMUNITY PARTNER
AIRLINE PARTNER
MEDIA PARTNERS
EDUCATION PARTNERS
OPERA PARTNERS
GOVERNMENT PARTNERS
CONDUCTOR PARTNER
Level 3, His Majesty’s Theatre 825 Hay Street, Perth, WA 6000 PO Box 7052, Cloisters Square Perth, WA 6850 www.waopera.asn.au www.facebook.com/waopera
Principal Partner