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IBISWorld Company Report

Zoological Parks Board of New
South Wales

Premium Report

Balance Date: 30 June 2013

Details ....................................................................................................................................... 2
Introduction........................................................................................................................................ 2
History/Background ........................................................................................................................... 3
Brands/Businesses/Products ............................................................................................................. 3
Company Snapshot ........................................................................................................................... 3
Personnel.................................................................................................................................. 5
Other Directorships ................................................................................................................. 5
Financials ................................................................................................................................. 7
Financial Growth ...................................................................................................................... 9
Financial Ratios ....................................................................................................................... 9
Industry Financial Averages ................................................................................................. 10
Segments ................................................................................................................................ 11
Operating Divisions ......................................................................................................................... 11
Geographic Locations ...................................................................................................................... 11
Competitive Environment...................................................................................................... 12
Shareholders .......................................................................................................................... 14
Subsidiaries............................................................................................................................ 15
Service Providers ................................................................................................................... 16

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Details
Company Details
R8921 - Zoological and Botanical Gardens in
Major Business Line
Australia
ACN Number
ABN Number 41 733 619 876
ASX Code
Incorporated In New South Wales
Incorporation Date 1/06/1973
Company Type Government Body
Ownership Type Local
Sector State Government
Listed on Stock Exchange? No
FY Balance Date 30-Jun-2013
IBISWorld Rank* 1852

Company Contact Details

Company Registered Name Zoological Parks Board of New South Wales
Commonly Used Name Taronga Conservation Society Australia

Street Address
Floor
Street Bradley's Head Road
City MOSMAN
State New South Wales
Post Code 2088
Country Australia

Postal Address
PO Box PO Box 20
Post Office
City MOSMAN
State New South Wales
Post Code 2088
Telephone Number 02 9969 2777
Facsimilie Number 02 9978 4500
Internet Web Address www.zoo.nsw.gov.au

Introduction
The Zoological Parks Board of New South Wales is a Government of New South Wales authority
operating under the administration of the Minister for the Environment and Climate Change. The
Board trades as the Taronga Conservation Society Australia, a not-for-profit organisation which is
responsible for the operation of Taronga Zoo in Sydney and the Taronga Western Plains Zoo in Dubbo.
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The Board employs around 1,050 staff and is headquartered at Taronga Zoo in Mosman, New South
Wales.

History/Background
2010 - December: Fairfax Media announced 3 year partnership with Taronga Conservation Society
Australia, to become a major supporter of the Taronga Volunteers as well as driving key conservation
and fundraising initiatives.
November: Official opening of Taronga Western Plains Zoo's new Visitor Plaza, the largest project in
the Zoo's history.

2008 - January: The Zoological Parks Board of New South Wales adopted the trading name of Taronga
Conservation Society Australia.

2006 - March: The Zoological Parks Board Division was established to take on the responsibility of
personnel services for the Zoological Parks Board of New South Wales.

2000 - The Taronga Foundation was established to raise funds for the future development of facilities
at both zoos.

1977 - February: The Western Plains Zoo was opened in Dubbo, the first open range zoo in Australia.

1973 - June: The Zoological Parks Board Act of NSW was passed and the Zoological Parks Board of New
South Wales was established replacing the Trust.

1913 - The New Zoological Gardens Trust was established and took over management of the new zoo.

1912 - The NSW Government allocated 43 acres of land for the development of a new zoo which would
become Taronga Zoo.

1814 - Sydney's first public zoo was opened in Moore Park and was operated by the Zoological Society of
NSW.

Brands/Businesses/Products
Taronga Conservation Society Australia is a trademark of the Zoological Parks Board of New South
Wales and is responsible for the operation of Taronga Zoo in Sydney and Taronga Western Plains Zoo
in Dubbo.

The principal activities of the society are:

 To display animals for both recreational and educational purposes.

 To conduct biological research and breeding programs for endangered species.
 Facilitate research programs for wildlife conservation and management.
 Provide visitor and community education on species conservation and management.
 Wildlife rehabilitation and veterinary services.

Company Snapshot
Zoological Parks Board of New South Wales is a Government Body that is ranked number 1852 out of
the top 2000 companies in Australia. The company generates the majority of its income from
the Zoological and Botanical Gardens in Australia industry.

In 2013 the company generated total revenue of $86,453,000 including sales and other
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revenue. In 2013 Zoological Parks Board of New South Wales had 508 employees in Australia including
employees from all subsidiaries under the company's control.

The Chief Executive of Zoological Parks Board of New South Wales is Mr Cameron Kerr whose official
title is Director & Chief Executive Officer. The Chairman of Zoological Parks Board of New South
Wales is Mr Leonard Bleasel whose official title is Chairman.
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Personnel
Salutation Initials Full Name Title Position Type
Mr LF Leonard Bleasel Chairman* Chairman
Mr C Cameron Kerr Director & Chief Executive Officer Chief Executive
Mr H Hunter Rankin General Manager Corporate Services Financial Controller
General Manager Capital Works, Chief Operating
Mr A Alex Halliburton
Infrastructure & Operations Officer
Richard
Mr RG Board Member* Director
Humphry
Penny Bingham-
Ms P Board Director* Director
Hall
Mr S Steven Crane Deputy Chairman* Director
Ms N Nancy Fox Board Member* Director
Catherine
Ms C Board Member* Director
Strassberg
Ms K Kersti Seksel Board Member* Director
Ms J Jennifer Cowley Board Member* Director
Mr J John Walkom Board Member* Director
Mr R Roy Bendall Board Director* Director
Company
Not Available Company Secretary
Secretary
Mr H Hunter Rankin General Manager Corporate Services Legal Officer
Ms H Helen Wright Head of Fundraising & Development Sales Manager
General Manager Marketing, Guest &
Mr P Paul Davies Marketing Manager
Commercial Services
General Manager Capital Works, Procurement
Mr A Alex Halliburton
Infrastructure & Operations Manager
Ms B Bettina Sammut General Manager People & Learning Personnel Manager
Computing/IT
Mr R Richard Norburn Chief Information Officer
Manager
General Manager Life Sciences &
Mr S Simon Duffy Other
Research Conservation
General Manager Taronga Western
Mr M Matthew Fuller Other
Plains Zoo
* Appointed to the Board of Directors

Other Directorships
Name
Ms Penny Bingham-Hall
Mr Steven Crane
Company Position Title
Australian Postal Corporation Non-Executive Director
Sydney Ports Corporation Non-Executive Director
BlueScope Steel Limited Non-Executive Director
DEXUS Property Group Non-Executive Director
NIB Holdings Ltd Non-Executive Chairman
Transfield Services Limited Non-Executive Director
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Mr Richard Humphry UGL Limited Non-Executive Director

HSBC Bank Australia Limited Non-Executive Director
BUPA Australia Holdings Pty Limited Non-Executive Director
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Financials
Balance Date 30-Jun-2013 30-Jun-2012 30-Jun-2011 30-Jun-2010 30-Jun-2009
Accounting Period Date 12 Months 12 Months 12 Months 12 Months 12 Months
Currency Units AUD000 AUD000 AUD000 AUD000 AUD000
PROFIT AND LOSS ACCOUNT
REVENUE ITEMS
Sales Revenue 45,450 42,658 41,816 36,484 28,219
Other Revenue 41,003 39,617 79,809 65,008 50,820
Total Revenue 86,453 82,275 121,625 101,492 79,039
Cost of Goods Sold N/A N/A N/A N/A N/A
Depreciation 17,371 16,746 14,674 13,544 12,513
R&D Expenditure N/A N/A N/A N/A N/A
INTEREST
Interest Received 1,969 2,197 1,144 773 590
Interest Expense 969 1,660 2,492 2,441 2,459
PROFIT AND LOSS
Share of Profits of Associates N/A N/A N/A N/A N/A
EBITDA 16,782 12,582 65,314 39,418 18,835
Profit Before Tax 411 -3,627 49,292 24,206 4,453
Income Tax Expense 0 0 0 0 0
Continuing Operations after
411 -3,627 49,292 24,206 4,453
Tax
Discontinued Operations after
N/A 0 0 0 0
Tax
Outside Equity Interest 0 0 0 0 0
NPAT 411 -3,627 49,292 24,206 4,453
Significant Items 0 0 0 0 0
Dividends N/A N/A N/A N/A N/A
AUDIT
Audit Fees 151 153 86 80 78
Audit Other N/A N/A N/A N/A N/A
Total Audit Fees 151 153 86 80 78
BALANCE SHEET
CURRENT ASSETS
Cash At Bank 50,543 41,738 56,794 25,137 11,625
Trade Debtors 2,634 2,415 1,938 3,072 2,480
Inventory 1,230 1,269 1,276 1,119 1,209
Other Current Assets 2,309 4,003 7,565 1,422 126
Total Current Assets 56,716 49,425 67,573 30,750 15,440
NON-CURRENT ASSETS
Receivables 0 0 0 0 0
Investments 0 0 0 0 0
Property & Plant Equipment 375,332 375,612 386,662 369,421 344,889
Intangible Assets 181 242 298 316 282
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Other Non-Current Assets 0 -1 0 0 0

Total Non-Current Assets 375,513 375,853 386,960 369,737 345,171
Total Assets 432,230 425,278 454,533 400,487 360,611
CURRENT LIABILITIES
Trade Creditors 1,847 2,314 2,343 1,798 2,428
Interest Bearing Debt 0 0 11,762 5,874 0
Provisions 8,487 8,727 8,103 8,100 7,646
Other Current Liabilities 4,533 3,312 4,904 7,822 4,589
Total Current Liabilities 14,867 14,353 27,112 23,594 14,663
NON-CURRENT LIABILITIES
Interest Bearing Debt 16,535 16,431 28,411 34,318 40,155
Provisions 5,092 7,707 3,758 4,037 3,565
Other Non-Current Liabilities 0 0 1 0 0
Total Non-Current
21,627 24,138 32,170 38,355 43,720
Liabilities
Total Liabilities 36,494 38,491 59,282 61,949 58,383
SHAREHOLDERS' EQUITY
Share Capital 0 0 0 0 0
Reserves 192,819 186,478 187,194 179,907 166,895
Retained Earnings 202,917 200,309 208,057 158,631 135,333
Other 0 0 0 0 0
Total Equity 395,736 386,787 395,251 338,538 302,228
OTHER
Number of Employees 508 1,048 946 874 N/A
Qualified Audit Report No No No No No

* IBISWorld estimate
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Financial Growth
Balance Date 30-Jun-2013 30-Jun-2012 30-Jun-2011 30-Jun-2010 Ave 2008-13 (%)
Total Revenue Growth
5.1 -32.4 19.8 28.4 0.1
(% change)
Sales Revenue Growth
6.6 2.0 14.6 29.3 11.5
(% change)
EBITDA (% change) 33.4 -80.7 65.7 109.3 -10.5
NPAT (% change) N/A -107.4 103.6 443.6 -52.9
Shareholders' Funds
2.3 -2.1 16.8 12.0 10.4
(% change)
Total Assets (% change) 1.6 -6.4 13.5 11.1 8.0
Employees (% change) -51.5 10.8 8.2 N/A N/A

Financial Ratios
Balance Date 30-Jun-2013 30-Jun-2012 30-Jun-2011 30-Jun-2010 30-Jun-2009
Return on Revenue (ROR)
0.5 -4.4 40.5 23.9 5.6
(%)
Return on Shareholders'
0.1 -0.9 12.5 7.2 1.5
Funds (ROSF) (%)
Return on Assets (ROA) (%) 0.1 -0.9 10.8 6.0 1.2
Profit Margin (%) 0.9 -8.5 117.9 66.4 15.8
Revenue per Employee
170.2 78.5 128.6 116.1 N/A
($'000 per person)
NPAT per Employee ($'000
0.8 -3.5 52.1 27.7 N/A
per person)
Effective Tax Rate (%) N/A N/A N/A N/A N/A
Gearing (%) 8.4 9.1 13.0 15.5 16.2
Interest Cover (X) 1.4 -1.2 20.8 10.9 2.8
Current Ratio (X) 3.8 3.4 2.5 1.3 1.1

Revenue & NPAT Key Measures (% change)

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Industry Financial Averages

Industry Taronga Conservation Society Australia
Financial Ratios Unit
Average* 30-Jun-2013
Return On
-0.11 0.10 Percent
Shareholders Funds
Return On Total
-0.11 0.10 Percent
Assets
Gearing 6.72 8.44 Percent
Interest Cover 0.26 1.42 Times
Current Ratio 3.04 3.81 Times
NPAT/Employee -1 1 A$ 000
Pre-Tax Margin -0.64 0.48 Percent
EBITDA 9,095 16,782 A$ 000
Effective Tax Rate 0.00 0.00 Percent
Days Stock Held 4.62 N/C Days
Debtors T/O 9.84 11.12 Days
Creditors T/O 16.47 N/C Days
Revenue/Employee 214 170 A$ 000
Net Assets Per Share N/C N/C A$
Dividend Per Share N/C N/C A$
Earnings Per Share N/C N/C A$
Dividend Payout Ratio 0.00 N/C Percent
Asset Turnover Ratio 0.07 0.11 Times

Industry Taronga Conservation Society Australia

Growth Ratios Unit
Average* 30-Jun-2013
Revenue Growth 3.74 5.08 Percent
NPAT Growth -78.28 N/C Percent
Asset Growth -0.53 1.63 Percent
Employees Growth -25.78 -51.53 Percent
Dividend Growth Rate N/C N/C Percent
*Companies included in the Industry Averages Calculations operate in the Heritage Activities in
Australia industry.
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Segments

Balance Date: 30 June, 2013

Profit Definition: Surplus for the Year
Operating Divisions
Revenue Profits Assets
Segment Name
AUD000 AUD000 AUD000
Zoological Garden Operation 86,453 411 432,230

Operating Divisions - Key Ratios

Profit as Profit as
Segment Name
% of Revenue % of Assets
Zoological Garden Operation 0.5% 0.1%
Company 0.5% 0.1%

Operating Divisions - Industries by Operating Segment

Historical Forecast
Growth Rates Growth Rates
2010/11-2014/15 2015/16-2019/20
Zoological Garden Operation
H4513 - Catering Services in Australia 3.6% 2.1%
R8921 - Zoological and Botanical Gardens in
0.5% 1.9%
Australia
GDP Growth Rate 2.8% 2.6%

Geographic Locations
Revenue Profits Assets
Segment Name
AUD000 AUD000 AUD000
Australia 86,453 411 432,230
Total 86,453 411 432,230

Geographic Locations - Ratios

Profit as Profit as
% of Revenue % of Assets
Australia 0.5 0.1
Company 0.5 0.1
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Competitive Environment

R8921 Zoological and Botanical Gardens in Australia

Industry Statistics
Industry Size 2014/2015 $ million 715
Industry Turnover Growth Rate
1.92
2014/2015
Industry Concentration Level Medium
Estimated Taronga Conservation Society
13.00
Australia Market Share (%)
Number of Enterprises in Industry 87

The Zoological Parks Board of New South Wales is a NSW Government authority. The authority trades
as the Taronga Conservation Society Australia and operates Taronga Zoo in Sydney and the Western
Plains Zoo in Dubbo, NSW. Taronga Zoo was opened in 1916, covers 28 hectares and has about 4,000
animals on display. It had 1.5 million visitors in 2012-13, up 3.3% for the year. Western Plains Zoo was
opened in 1977, covers 788 hectares and has more than 450 animals on display. Over 228,000 visitors
attended the zoo in 2012-13, which was down slightly on the previous year. Taronga Conservation
Society Australia employs 508 workers and has recently upgraded many displays and attractions with
funding from the NSW Government. About 20.0% of the society's revenue is generated through NSW
Government grants. In 2012-13, redevelopment at Taronga Zoo as part of a 12-year, $221.0 million
partnership with the NSW Government was completed.

The zoos have increased animal numbers and displays over the past decade, including growth in the
number of animals from other countries. Western Plains Zoo obtained approval for the importation of
five Asian elephants as part of a regional cooperative conservation program. The organisation also
opened the Australian Marine Mammal Research Centre in Hobart with an emphasis on visitor
education and penguin and seal behaviour.

Financial performance

In the five years through 2014-15, IBISWorld forecasts that revenue for Taronga Conservation Society
Australia will decrease at an annualised 1.7% to $93.1 million, underperforming the overall industry.
This includes a decline of 32.0% in 2011-12, when government funding was cut due to unused grants in
the previous year. Revenue grew in 2012-13 as funding increased. Furthermore, Taronga Zoo had the
highest attendance numbers of any summer period in 2012-13 due to the opening of its Dinosaurs in
the Wild exhibition. This helped to boost revenue for the year.

Taronga Conservation Society Australia - financial performance

Revenue Growth EBIT

Year $ million % change $ million
2009-10 101.5 28.5 25.9
2010-11 121.1 19.3 50.6
2011-12 82.3 -32.0 -4.2
2012-13 86.5 5.1 -0.6
2013-14* 90.7 4.9 N/A
2014-15* 93.1 2.6 N/A
SOURCE: Annual Report and IBISWorld
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Note: *Estimate

Major Competitors Market Share

Zoological Parks Board of New
13.00
South Wales
Zoological Parks and Gardens
9.70
Board

H4513 Catering Services in Australia

Industry Statistics
Industry Size 2014/2015 $ million 5,851
Industry Turnover Growth Rate
4.33
2014/2015
Industry Concentration Level Medium
Number of Enterprises in Industry 1479

Taronga Conservation Society Australia is not a major player in this industry.

Major Competitors Market Share

Compass Group (Australia) Pty Ltd 30.90
Spotless Group Holdings Limited 13.20
Sodexo Australia Pty Limited 7.70
Qantas Airways Limited 6.60
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Shareholders
Shareholder Name Percentage Held Country of Incorporation
Largest Shareholders
State of New South Wales 100.00 % Australia

As at: 30 June, 2012

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Subsidiaries
Subsidiary Name Percentage Held Country of Incorporation
Not Available

Balance Date: 30 June, 2012

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Service Providers
Service Provider Type Service Provider
Banker ANZ Bank
Banker Westpac Banking Corp
Banker New South Wales Treasury Corp
External Auditor Auditor General - NSW
Insurance Broker Treasury Managed Fund
Internal Auditor Not available
Solicitor Not available
Telecommunication Not available

Balance Date: 30 June, 2012

* IBISWorld's company information covers more than 2,000 of the country's largest businesses, which
drive Australia's economy. The companies are ranked based on total revenue earned in the most
recently reported financial year. All company types, such as public listed, public non-listed, private
companies and more, are listed in our database. The IBISWorld rank is updated daily.
www.ibisworld.com.au | 03 9655 3881 | info@ibisworld.com
WWW.IBISWORLD.COM.AU 17
Zoological Parks Board of New South Wales

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Zoological Parks Board of New South Wales

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