The Council would like to know if you think it should provide this ongoing support to the Hawera Cinema 2 Trust.

Size: px
Start display at page:

Download "The Council would like to know if you think it should provide this ongoing support to the Hawera Cinema 2 Trust."

Transcription

1 Page 1 of 8

2 Introduction In March 2007 the South Taranaki District Council (the Council) purchased the Hawera Cinema 2 (the Cinema) complex for $1 million to keep the facility operating. The Council of the day did this because it considered the Cinema was a significant community asset, important in terms of enhancing the district as an attractive place to live, work and visit. On two occasions over the last four years, the Council has provided a cash grant to the Hawera Cinema 2 Trust (the Trust), which is the Charitable Trust that operates the Cinema, so the Trust could pay creditors and continue trading. Based on customer trends over the last 12 years it is unlikely the Cinema will be able to continue functioning without some form of ongoing external support. The Council would like to know if you think it should provide this ongoing support to the Hawera Cinema 2 Trust. Background The Cinema was established in 1997 following a public survey which showed the number one wish of the district s population was to have a cinema. A group of 50 individual investors banded together to build the two-cinema complex at a cost of $1.9 million. During the initial years the Cinema had around 55,000 to 60,000 admissions annually making it one of the most popular recreational facilities in the district. Despite this, by 2006, after eight years of trading, the shareholders had only received one dividend. In 2006 the directors of the Cinema and a group of concerned citizens approached the Council to see if it would be interested in purchasing the Cinema to secure it as a long-term asset for the South Taranki communities. In October 2006 the Council agreed to purchase the Cinema business as a going concern, including the land, building, chattels and stock, for the sum of $1 million that was to be funded by a loan. The sale was completed in March The Council made this decision for several reasons. Keeping the Cinema meant people would not need to travel out of the district for their movie experience and this would help to keep money in the local economy. Research and anecdotal feedback has shown that if a family/individual travels out of the district to go to the movies, they will make a day of it and also make other purchases at the same time. Importantly, for a district struggling with the issue of population decline, it was seen as a significant community asset in terms of keeping residents in the district. In recent years, successive councils have invested heavily in facilities to make the district an attractive place to live, work, do business and visit. The Council was prepared to be the landlord but did not wish to become involved in running a cinema, so a Charitable Trust, (the Hawera Cinema 2 Trust), was established. The Trust entered into an agreement with the Council to operate the Cinema complex. Page 2 of 8

3 At the time of purchase, the Council agreed to accept any annual surplus from the year s trading as a contribution to offset the ratepayers $1 million investment. In an effort to create a more business-like relationship, this was subsequently revised and a target return of $80,000 per annum was introduced. This sum was equivalent to an 8% return on the capital invested and was also equal to the sum required to service the $1 million loan. It was anticipated that the targeted return could be achieved through a combination of the existing sub-lease to The Local Sports Bar and rental payable by the Trust. Given its history and the fact that the cinema industry is heavily reliant on the quality of movies available, it was accepted that the Trust would be unlikely to turn the business around in the short-term. A reduced rental of $24,000 per annum was agreed with an understanding that the rental would progressively increase each year and that the Trust would try to top-up the shortfall each year as their net profit allowed. The year ending March 2009 was a difficult one for the Cinema (and the industry in general) and in April 2009, the Council agreed to provide a $20,000 cash payment to the Trust in order to avoid serious cashflow difficulties. It also agreed to waive all unpaid rental fees for the 2008/09 year. It was also agreed that a Working Group made up of Council representatives and Trustees would be established to help with liaison and communication. In March 2011 the Trust advised the Council that it owed approximately $100,000 made up of trade creditors, outstanding rent, the bank overdraft plus other liabilities accumulated over a four year period and, was unable to continue trading. In May 2011 the Council agreed to pay the Trust $68,000 to enable it to clear outstanding creditors and also agreed to write off $34,000 in outstanding rent and $3,500 for staff training which the Trust owed the Council. In return for this support, a range of conditions were placed on the Trust which would enable the Council to have a greater role in the Trust s governance and finances. Councillor Beccard was appointed to the Trust and a senior Council manager was assigned to help with planning, communication and finances. Currently the Trust is implementing a number of initiatives to raise income and reduce costs. These include securing additional funding from corporate sponsorhip and philanthropic trusts, setting up a team of volunteers to assist with events and promotional activities and using social media (Facebook) to increase patronage. Cinema attendance The Cinema has averaged over 47,500 paid admissions per annum for the last three years with approximately 2,000 extra complimentary tickets given out each year. Year Ending Paid Admissions 31 March , March , March ,310 Total Admissions 143,017 Page 3 of 8

4 Financial information The table below shows the net cost to the Council for the Cinema since 2006/07. These are mainly the costs associated with being the landlord (ie maintaining the building) together with the interest on the $1 million loan. 2006/ / / / /11 Rental Income Cinema/The -$10,568 -$42,270 -$23,688 -$44,706 -$43,054 Local Misc Income Insurance -$7,284 Claim Maintenance $0 $11,855 $3,072 $25,575 $7,564 Insurance $0 $6,573 $6,236 $4,420 $2,959 Interest $18,865 $74,399 $74,457 $48,319 $61,506 Depreciation $0 $18,130 $18,130 $18,130 $20,596 Reallocated Overheads $0 -$654 $0 $18,128 $26,778 Materials and Services $2,045 $5,405 $601 $1,885 $6,261 Subtotal $10,342 $73,438 $78,808 $71,751 $75,326 Additional contributions in cash $0 $5,000 $20,000 $0 $126,340 or waived rent Total Input from General Rates $10,342 $78,438 $98,808 $71,751 $201,666 The average net input from general rates over the four years and three months that Council has been involved with the Cinema, is $108,471pa. Note: Council currently budgets for (and rates for) a net annual cost of $57,000 per annum. What other Councils are doing While the majority of councils in New Zealand do not own or support a cinema, there are examples where councils have become involved to support these facilities in their communities. Two examples of smaller rural councils follow. Central Hawkes Bay District Council The Civic Theatre is a single cinema complex in Waipukurau managed by an independent person who operates the theatre, provides meeting facilities and operates a restaurant. The Central Hawkes Bay District Council pays the cinema manager a substantial annual fee for operating the theatre. The Council owns and maintains the building and equipment and pays the rates. The Council also provides funding for renewal and replacement of the assets and recently upgraded the theatre to digital and 3D at a cost of around $125,000. The contract has a performance target of 12,000 admissions per year, however last year only 11,000 attended the cinema, well down from the 21,000 admissions about five years ago. With the introduction of digital and 3D there has been a jump in numbers attending. Page 4 of 8

5 Buller District Council The Buller District Council has operated two theatres in the district since the mid s. The Council operates both the NBS Theatre in Westport (which screens in 3D and 2D) and the Reefton Cinema. Both cinemas are managed in-house with a theatre manager employed by the Council. Sixty percent of the theatres expenditure is funded by rates with the remaining 40% funded via cinema income. Options to consider The Council would like your feedback on the following two options: 1) The Council provides additional ongoing financial support to the Cinema 2 Trust; or 2) Council does not provide additional ongoing financial support to the Cinema 2 Trust. Option 1 Based on the actual operating expenditure of the Trust over the last four years, we believe an operating grant of $50,000 per annum would be necessary to ensure the ongoing financial viability of the facility. This is the difference between what the Council has been rating for ($57,000 per annum) and the average actual net cost over the last four years ($108,471). If the Council does provide some ongoing annual financial assistance to the Trust, there are a number of potential impacts: The Trust s (and the Cinema s) future and ongoing viability would be secure. The Trust would still be required to operate the Cinema complex in the most cost efficient way and would need to access external funding for large capital expenses such as digital and 3D. The recent measures put in place to ensure higher levels of accountability to the Council, would be adhered to. Having a cinema could be an additional plus for residents and potential residents considering whether to settle or remain in South Taranaki. Impact on rates Under Council s current Revenue and Financing Policy, this grant would be funded from General Rates. An additional annual grant of $50,000 will have the following impact on rates: Value of Property Annual Impact on Rates Commercial Urban Property Rural Property Property $160,000 $240,000 $400,000 $480,000 $2 million $4 million $1.00 $1.50 $2.50 $3.00 $12.50 $25.00 Page 5 of 8

6 The Council will be reviewing its Revenue and Financing Policy during 2011/12 as part of its review of the Long Term Plan. This may result in a different funding mechanism being chosen (ie a flat charge per property) which may alter the way it impacts on individual rates. Option 2 If the Council does not provide ongoing annual financial assistance to the Trust there are a number of potential impacts. Based on historical performance and customer trends, it is unlikely the Cinema could continue to operate unless a major sponsor or a new (private) investor was found. The inability of the Cinema to return a profit over 11 of the last 12 years, suggests investment from the private sector is a low possibility. Having the Cinema operated by a Trust allows external funding to be sought from philanthropic trusts, however assistance is usually for capital expenditure. It is very difficult to source funding for ongoing operating expenses. Industry advice is that without the installation of digital and 3D equipment, the number of admissions per year is likely to continue to decrease. Over time this would further impact on the viability of the facility. If the Trust was unable to operate, the Council would be left with a vacant purposebuilt building. Potential re-sale value has not been fully investigated although advice received has suggested that due to the sloping concrete floors, re-sale potential for something other than a cinema, would be low. Losing the Cinema could make it more difficult to retain or attract residents to South Taranaki. It is also likely that people who go out of town to go to the movies will also take other spending out of town. There will be no additional impact on rates if Option 2 was adopted. How to have your say The options in this document are open for public consultation from 6 September 2011 to 6 October This is your chance to let the Mayor and Councillors understand your views about the Council s involvement with the Cinema and to put forward other ideas, so please take the time to get involved and have your say. This document can be seen at the Administration Building of the South Taranaki District Council and all LibraryPlus sites. Comments and suggestions can be sent to the Council by: Sending us an to Completing the hard copy feedback form at the end of this document and posting it to us (address below), faxing it or dropping it into any LibraryPlus or the Hawera Administration Building. Writing to us at Private Bag 902, Hawera Faxing us on (06) Phoning us on or toll free Going to our website or our South Taranaki District Council Facebook page. Remember, your comments must be received by 4pm on 6 October Page 6 of 8

7 Contacting our Elected Members Our Mayor, Councillors and Council Officers are available throughout the consultation to discuss any issues and provide clarification. Council Officers Phone or Mayor Ross Dunlop Work phone or Home phone Cellphone Councillors Ian Armstrong Home phone Cell phone Bonita Bigham Home phone Cell phone Peter Johnson Home phone Cell phone Mike Powell Home phone Cell phone Alex Ballantyne (Deputy Mayor) Home phone Kirsty Bourke Home phone Cell phone Kelly Judkins Home phone Cell phone Michael Self Home phone Cell phone Andy Beccard Home phone Cell phone Te Aroha Hohaia Home phone Cell phone Gordon Lawson Home phone Cell phone Ian Wards Home phone Cell phone What happens next? Once the consultation period is over the Council will meet on 12 October 2011 to listen to those people who wish to speak to their written submissions. If you would like to do this please indicate on your feedback form or letter/ . You will be contacted by phone to arrange a time so please provide a daytime phone number. The Council will then meet formally to consider all the feedback and make their decision on 19 October Submitters will be advised of the outcome of their submission by letter. Note: It may be inappropriate to use the information contained in this document for any other purpose. Page 7 of 8

8 Feedback Form Submissions close at 4pm on 6 October Contact Details: Name (who is the submission from?) Contact Person (if the name above is an organisation) Postal address Telephone (day) (night) address Please tick the option you support: Option 1: The Council provides additional ongoing financial support to the Cinema 2 Trust. Option 2: The Council does not provide additional ongoing financial support to the Cinema 2 Trust. Please write any comments below and overleaf. Attach more paper if needed. I wish to speak to the Mayor and Councillors about my submission at the Council Hearing: Yes No If yes, you will be contacted with the date and to arrange a time. Remember, your comments must be received by 4pm on 6 October 2011 Page 8 of 8

City Screens fiscal 1998 MD&A and Financial Statements

City Screens fiscal 1998 MD&A and Financial Statements City Screens fiscal 1998 MD&A and Financial Statements Management's Discussion and Analysis (Note: Fiscal 1998 is for the year ending April 1, 1999) OPERATING RESULTS Revenues. Total revenues increased

More information

A Case Study for Business Studies HSC Course - Stage 6

A Case Study for Business Studies HSC Course - Stage 6 BIG SCREEN BUSINESS Part 1: Management & Change A Case Study for Business Studies HSC Course - Stage 6 WORLD S BIGGEST SCREENS Pty Ltd LG IMAX Theatre Sydney, Darling Harbour Written by Julie Brown, Group

More information

Reefton Community Centre?

Reefton Community Centre? Where does the future lie for the Reefton Community Centre? The Reefton Community Centre theatre/cinema, sports hall/ gymnasium recently underwent a survey to determine their earthquake risk and fire protection

More information

CINEPLEX GALAXY INCOME FUND 2004 FIRST QUARTER REPORT

CINEPLEX GALAXY INCOME FUND 2004 FIRST QUARTER REPORT CINEPLEX GALAXY INCOME FUND 2004 FIRST QUARTER REPORT CINEPLEX GALAXY LP IS A LEADING EXHIBITOR OF MOTION PICTURES IN THE ENTERTAINMENT INDUSTRY. HEADQUARTERED IN TORONTO, CANADA, CINEPLEX GALAXY LP CURRENTLY

More information

CINEPLEX GALAXY INCOME FUND Reports Record First Quarter Results and Announces Distribution Increase. Three months ended March 31, 2008

CINEPLEX GALAXY INCOME FUND Reports Record First Quarter Results and Announces Distribution Increase. Three months ended March 31, 2008 Not for release over US newswire services FOR IMMEDIATE RELEASE CINEPLEX GALAXY INCOME FUND Reports Record First Quarter Results and Announces Distribution Increase TORONTO, CANADA, May 8, 2008 (TSX: CGX.UN)

More information

SKYCITY Entertainment Group Limited. Interim results for the six months to 31 December 2017

SKYCITY Entertainment Group Limited. Interim results for the six months to 31 December 2017 MARKET RELEASE 9 February 2018 SKYCITY Entertainment Group Limited Interim results for the six months to 31 December 2017 SKYCITY Entertainment Group Limited (NZX/ASX:SKC) today announced its interim results

More information

CINEPLEX GALAXY INCOME FUND Reports Third Quarter Results. Three months ended September 30, 2008

CINEPLEX GALAXY INCOME FUND Reports Third Quarter Results. Three months ended September 30, 2008 Not for release over US newswire services FOR IMMEDIATE RELEASE CINEPLEX GALAXY INCOME FUND Reports Third Quarter Results TORONTO, CANADA, November 6, 2008 (TSX: CGX.UN) Cineplex Galaxy Income Fund (the

More information

31 January , , ,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000

31 January , , ,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 31 January 2012 Quickflix successfully launched its movie streaming service during the quarter becoming the first subscription video on demand (SVOD) service of its kind in Australia offering unlimited

More information

WYCF General Grant Application

WYCF General Grant Application WYCF General Grant Application Reviewer: Distribution Committee Program Area: Arts ORGANIZATION INFORMATION Powder River Symphony Director: Ms. Mary Landreth Gillette, WY 82717 3964 Phone: 307 680 0495

More information

SKYCITY signs Heads of Agreement with the New Zealand Government to design, build and operate the New Zealand International Convention Centre (NZICC)

SKYCITY signs Heads of Agreement with the New Zealand Government to design, build and operate the New Zealand International Convention Centre (NZICC) 13 May 2013 Listed Company Relations NZX Limited Level 2, NZX Centre 11 Cable Street WELLINGTON RE: SKYCITY signs Heads of Agreement with the New Zealand Government to design, build and operate the New

More information

DIGITAL TELEVISION: MAINTENANCE OF ANALOGUE TRANSMISSION IN REMOTE AREAS PAPER E

DIGITAL TELEVISION: MAINTENANCE OF ANALOGUE TRANSMISSION IN REMOTE AREAS PAPER E Office of the Minister of Broadcasting Chair Economic Development Committee DIGITAL TELEVISION: MAINTENANCE OF ANALOGUE TRANSMISSION IN REMOTE AREAS PAPER E Purpose 1. This paper is in response to a Cabinet

More information

Southbank Centre Business Model Case Study

Southbank Centre Business Model Case Study Southbank Centre Business Model Case Study Mark Robinson, Thinking Practice Published 2016 This work is licensed under a Creative Commons Attribution-ShareAlike 2.0 UK: England & Wales License Southbank

More information

SKY 2015 AGM. SPEAKING NOTES October 2015

SKY 2015 AGM. SPEAKING NOTES October 2015 SKY 2015 AGM SPEAKING NOTES October 2015 1. CHAIRMANS ADDRESS Before we review operating results, I want to acknowledge two long serving directors retiring at this AGM. Firstly, Robert Bryden who has been

More information

17. STAFF REPORT ACTION REQUIRED. Community and Event Space Rental Policy SUMMARY. Date: June 22, Toronto Public Library Board.

17. STAFF REPORT ACTION REQUIRED. Community and Event Space Rental Policy SUMMARY. Date: June 22, Toronto Public Library Board. STAFF REPORT ACTION REQUIRED 17. Community and Event Space Rental Policy Date: June 22, 2015 To: From: Toronto Public Library Board City Librarian SUMMARY The purpose of this report is to request Toronto

More information

6. Institutional Planning and Budgeting Processes

6. Institutional Planning and Budgeting Processes 6. Institutional Planning and Budgeting Processes 1702 1703 1704 1705 1706 1707 1708 1709 1710 1711 1712 1713 1714 1715 1716 1717 1718 1719 1720 1721 1722 1723 1724 1725 1726 1727 1728 1729 1730 1731 1732

More information

Motion Picture, Video and Television Program Production, Post-Production and Distribution Activities

Motion Picture, Video and Television Program Production, Post-Production and Distribution Activities The 31 th Voorburg Group Meeting Zagreb Croatia 19-23 September 2016 Mini-Presentation SPPI for ISIC4 Group 591 Motion Picture, Video and Television Program Production, Post-Production and Distribution

More information

Cineworld Group 2016 Results 9 th March 2017

Cineworld Group 2016 Results 9 th March 2017 Cineworld Group 2016 Results 9 th March 2017 Overview Summary of 2016 another record year Reached the milestone of 100m admissions Overall strong financial performance for the Group, EBITDA growth of 13.2%,

More information

Film, governance and society

Film, governance and society Public Administration International Film, governance and society Funding, classification and promotion BRITISH ACCREDITATION COUNCIL ACCREDITED SHORT COURSE PROVIDER 29 June to 3 July 2015 PAI is accredited

More information

Efficient, trusted, valued

Efficient, trusted, valued Efficient, trusted, valued Your ABC: Efficient, trusted, valued ABC Open Today, the ABC is better value for Australians than ever before. The ABC continues to adopt smarter ways of working and harness

More information

Multimedia Polska S.A. 4March 2015

Multimedia Polska S.A. 4March 2015 Multimedia Polska S.A. 2014 fourth quarter and FY results 4March 2015 Disclaimer This presentation may contain forward-looking statements with respect to the business, financial results, and/or results

More information

(Company Registration No N) (Incorporated in Singapore) (the Company)

(Company Registration No N) (Incorporated in Singapore) (the Company) (Company Registration No. 201424372N) (Incorporated in Singapore) (the Company) PROPOSED ACQUISITION OF THE CATHAY CINEPLEXES BUSINESS SIGNING OF OPTION AGREEMENT FOR THE PROPOSED ACQUISITION OF 100% OF

More information

CINEPLEX GALAXY INCOME FUND 2004 ANNUAL REPORT

CINEPLEX GALAXY INCOME FUND 2004 ANNUAL REPORT CINEPLEX GALAXY INCOME FUND 2004 ANNUAL REPORT HIGHLIGHTS We are proud of our cinema general managers and the role they play in leading our front line staff. They provide an exceptional movie-going experience

More information

Sacramento Public Library Authority

Sacramento Public Library Authority Sacramento Public Library Authority September 27, 2012 Agenda Item 4.0: Annual Report: Tsakopoulos Library Galleria 2012 TO: FROM: Sacramento Public Library Authority Board Members Rebecca Higgerson, Central

More information

Australian Broadcasting Corporation. submission to. National Cultural Policy Consultation

Australian Broadcasting Corporation. submission to. National Cultural Policy Consultation Australian Broadcasting Corporation submission to National Cultural Policy Consultation February 2010 Introduction The Australian Broadcasting Corporation (ABC) welcomes the opportunity to provide a submission

More information

STANDARD CHART OF ACCOUNTS

STANDARD CHART OF ACCOUNTS Annual Accounts Helpdesk : RCSL Nr. : Matricule : Page 1/29 Tel. : (+352) 247 88 494 Email : centralebilans@statec.etat.lu STANDARD CHART OF ACCOUNTS Financial year from to (in ) 01 02 03 Class 1. EQUITY,

More information

Deckchair Cinema. Community Fundraiser Nights

Deckchair Cinema. Community Fundraiser Nights Deckchair Cinema Community Fundraiser Nights The Deckchair Cinema allocates Sunday nights as fundraiser nights when local not-for-profit organisations can hire the cinema to show a film and raise funds

More information

Warren County Port Authority

Warren County Port Authority Warren County Port Authority Arts & Culture Center Feasibility Study Phase 3 Findings September 8, 2008 Contents/Agenda Review Phase 2 Public Survey Model Case Studies Phase 3 Building Program Capital

More information

Israel Film & Television Industry Facts and Figures at a Glance 2017

Israel Film & Television Industry Facts and Figures at a Glance 2017 Israel Film & Television Industry Facts and Figures at a Glance 2017 Prepared by: Katriel Schory Executive Director Haya Nastovici International Relations Making Films Come True The Israel Film Fund -

More information

Sonic's Third Quarter Results Reflect Current Challenges

Sonic's Third Quarter Results Reflect Current Challenges Sonic's Third Quarter Results Reflect Current Challenges Sales Improve Steadily after Slow March, and Development Initiatives Maintain Strong Momentum Partner Drive-in Operations Slip OKLAHOMA CITY, Jun

More information

STAMFORD SYMPHONY BOARD OF FINANCE Budget Presentation Format. Review of Budget Request

STAMFORD SYMPHONY BOARD OF FINANCE Budget Presentation Format. Review of Budget Request STAMFORD SYMPHONY BOARD OF FINANCE 2015-16 Budget Presentation Format Review of Budget Request The Stamford Symphony had requested $20,000 in City Funding for the 2015-16 fiscal year. This would have restored

More information

VISTA GROUP 2015 AGM : Event Cinema 3, Gold Class. 24 May 2016

VISTA GROUP 2015 AGM : Event Cinema 3, Gold Class. 24 May 2016 VISTA GROUP 2015 AGM : Event Cinema 3, Gold Class 24 May 2016 Introduction Chairman s Address CEO Address Questions on Annual Report & Financial Statements Business Resolutions Resolution 1 Remuneration

More information

LOW-BUDGET INDEPENDENT FEATURE FILM ASSISTANCE PROGRAM GUIDELINES FOR

LOW-BUDGET INDEPENDENT FEATURE FILM ASSISTANCE PROGRAM GUIDELINES FOR LOW-BUDGET INDEPENDENT FEATURE FILM ASSISTANCE PROGRAM GUIDELINES FOR 2002-2003 These Guidelines are specific to the terms and conditions of the program for the fiscal year of 2002-2003 (which ends on

More information

Corporate Sponsorship Package

Corporate Sponsorship Package Corporate Sponsorship Package Join us in Growing a Vibrant Film Industry Since 1996, the Vancouver Island South Film & Media Commission has been the go-to agency for film productions doing business in

More information

SHORT TERM THEATRE RENTAL RENTAL PACKET (For Tenant & Non-Tenant Use)

SHORT TERM THEATRE RENTAL RENTAL PACKET (For Tenant & Non-Tenant Use) SHORT TERM THEATRE RENTAL RENTAL PACKET (For Tenant & Non-Tenant Use) We are pleased that you are interested in using one of our spaces for Event. Please carefully read all of the information and complete

More information

etflix Reducing Our Rating from BUY to HOLD

etflix Reducing Our Rating from BUY to HOLD Wednesday, February 23, 2011 etflix Reducing Our Rating from BUY to HOLD Overview and Investment Opinion We are reducing our rating on etflix ( ASDAQ: FLX - $221.60) from BUY to HOLD, due in part to valuation,

More information

INVESTING for GROWTH. The Marcus Corporation. Gabelli & Company Inaugural Movie Conference March 12, 2009

INVESTING for GROWTH. The Marcus Corporation. Gabelli & Company Inaugural Movie Conference March 12, 2009 INVESTING for GROWTH The Marcus Corporation Gabelli & Company Inaugural Movie Conference March 12, 2009 Forward-Looking Statement Certain matters discussed in this presentation are forward-looking statements

More information

APPLICATION FORM FOR A CABLE BROADCASTING LICENCE

APPLICATION FORM FOR A CABLE BROADCASTING LICENCE APPLICATION FORM FOR A CABLE BROADCASTING LICENCE CCK/F/SP-B/ APL-04 (AUGUST 2011) APPLICATION FOR CABLE BROADCASTING LICENCE Section 1: Licence Details Please identify the broadcasting service being applied

More information

PT M Cash IPO Profile

PT M Cash IPO Profile PT M Cash IPO Profile February 2018 Summary of Initial Public Offering SPECIALIZED INVESTMENT BANKERS AT THE INTERSECTION OF FINANCE & TECHNOLOGY Initial Public Offering Overview IDX: MCAS Headquarters

More information

Guatemala Capital Area Digital Telephone Network Improvement and Expansion Project

Guatemala Capital Area Digital Telephone Network Improvement and Expansion Project Guatemala Capital Area Digital Telephone Network Improvement and Expansion Project 1. Project Profile and Japan s ODA Loan Report date: March 2001 Field survey: August 2000 Project site Site Map: Guatemala

More information

Mr. William Kwan Chief Financial Officer

Mr. William Kwan Chief Financial Officer Mr. William Kwan Chief Financial Officer Consolidated Results (HK$ M) 2005 Turnover 2,441 Opex before dep n (1,681) EBITDA 760 Depreciation (480) Operating profit 280 Net interest income / (expense) 3

More information

Alexander Skea Limited (in Liquidation) Self-storage business and assets for sale

Alexander Skea Limited (in Liquidation) Self-storage business and assets for sale 16 February 2018 Alexander Skea Limited (in Liquidation) Self-storage business and assets for sale Subject to contract and assets offered for sale by the Interim Liquidator as an agent of the company and

More information

Meet The Composer Commissioning Music: A Basic Guide

Meet The Composer Commissioning Music: A Basic Guide Meet The Composer Commissioning Music: A Basic Guide An Introduction to Commissioning To commision music means to pay a composer to write a particular composition for a specific purpose or event. Anyone

More information

Contribution from commercial cinema owners, Denmark

Contribution from commercial cinema owners, Denmark Contribution from commercial cinema owners, Denmark We, Michael Obel, Kim Brochdorf and John Tønnes own and manage both smaller commercial cinemas with few screens and multi screen cinemas forming part

More information

The Ministry of Business, Innovation and Employment and SkyCity Entertainment Group Limited

The Ministry of Business, Innovation and Employment and SkyCity Entertainment Group Limited The Ministry of Business, Innovation and Employment and SkyCity Entertainment Group Limited Report in connection with the New Zealand International Convention Centre 10 May 2013 Table of contents 1 Introduction...

More information

OUR CONSULTATION PROCESS WITH YOU

OUR CONSULTATION PROCESS WITH YOU OUR CONSULTATION PROCESS WITH YOU OneMusic Australia is consulting with you and would like to hear what you think. If you use music in your dance school, performance school, or are an instructor of either,

More information

Cineworld 2017 Interim Results 10 th August 2017

Cineworld 2017 Interim Results 10 th August 2017 Cineworld 2017 Interim Results 10 th August 2017 0 Financial Review 1 Financial Highlights Group H1 2017 Group H1 2016 Statutory Movement Admissions 50.7m 46.1m 10.0% m m Box office 267.2 227.0 17.7% Retail

More information

An Economic Overview, Stocks vs. Bonds, and An Update on Three Stocks

An Economic Overview, Stocks vs. Bonds, and An Update on Three Stocks Excerpt: Netflix Slides An Economic Overview, Stocks vs. Bonds, and An Update on Three Stocks Whitney Tilson Value Investing Congress October 1, 2012 T2 Accredited Fund, LP Tilson Offshore Fund, Ltd. T2

More information

Sponsorship, donation and community development fund policy for Caisse populaire Desjardins de Brome-Missisquoi and Caisse Desjardins de la Pommeraie

Sponsorship, donation and community development fund policy for Caisse populaire Desjardins de Brome-Missisquoi and Caisse Desjardins de la Pommeraie Sponsorship, donation and community development fund policy for Caisse populaire Desjardins de Brome-Missisquoi and Caisse Desjardins de la Pommeraie Putting money to work for people Desjardins is actively

More information

Francesca LaRosa MUSE 376 / Choral Music Methods II

Francesca LaRosa MUSE 376 / Choral Music Methods II Francesca LaRosa MUSE 376 / Choral Music Methods II Citation Chapter 6: Managing the Choral Program Directing the Choral Music Program Kenneth H. Phillips 2004 Summary: I. Managing the Choral Program a)

More information

Before the Federal Communications Commission Washington, D.C ) ) ) ) ) ) ) ) ) REPORT ON CABLE INDUSTRY PRICES

Before the Federal Communications Commission Washington, D.C ) ) ) ) ) ) ) ) ) REPORT ON CABLE INDUSTRY PRICES Before the Federal Communications Commission Washington, D.C. 20554 In the Matter of Implementation of Section 3 of the Cable Television Consumer Protection and Competition Act of 1992 Statistical Report

More information

Cineworld 2017 Interim Results 10 th August 2017

Cineworld 2017 Interim Results 10 th August 2017 Cineworld 2017 Interim Results 10 th August 2017 0 Financial Review 1 Financial Highlights Group H1 2017 Group H1 2016 Statutory Movement Admissions 50.7m 46.1m 10.0% m m Box office 267.2 227.0 17.7% Retail

More information

Jazz Ensembles Handbook

Jazz Ensembles Handbook Jazz Ensembles Handbook For the members and families of the Triangle Youth Jazz Ensemble (TYJE), our most advanced high-school jazz ensemble, Triangle Youth Jazz Orchestra (TYJO), our second high-school

More information

I thought it would be useful to append a list of our main points from Wednesday s meeting on the next page.

I thought it would be useful to append a list of our main points from Wednesday s meeting on the next page. Independent Producers Scotland Film City Glasgow 401 Govan Road GLASGOW G51 2QJ Friday 23 rd January 2015 Dear Members of Economy, Energy and Tourism Committee, Thank you for taking notice of the state

More information

Broadcasting Ordinance (Chapter 562)

Broadcasting Ordinance (Chapter 562) Broadcasting Ordinance (Chapter 562) Notice is hereby given that the Communications Authority ( CA ) has received an application from Phoenix Hong Kong Television Limited ( Phoenix HK ), a company duly

More information

Toronto Alliance for the Performing Arts

Toronto Alliance for the Performing Arts 79195 Covers 1/22/08 3:04 PM Page 1 A Presentation to the Toronto Alliance for the Performing Arts Members Survey December 2007 79195 InsidePages 1/22/08 7:21 PM Page 1 Table of Contents Introduction and

More information

Staff Report City of Manhattan Beach

Staff Report City of Manhattan Beach Agenda Item #: Staff Report City of Manhattan Beach TO: Honorable Mayor Montgomery and Members of the City Council THROUGH: David N. Carmany, City Manager FROM: Richard Gill, Director of Parks and Recreation

More information

VOTE THE ENCLOSED WHITE PROXY CARD TODAY FOR TAUBMAN S DIRECTOR NOMINEES

VOTE THE ENCLOSED WHITE PROXY CARD TODAY FOR TAUBMAN S DIRECTOR NOMINEES VOTE THE ENCLOSED WHITE PROXY CARD TODAY FOR TAUBMAN S DIRECTOR NOMINEES May 5, 2017 Dear Fellow Taubman Shareholder, Over the past 20 years, the knowledge and expertise of the Taubman Board has contributed

More information

Honorable Mayor and Members of the City Council. Submitted by: Scott Ferris, Acting Director, Parks, Recreation & Waterfront

Honorable Mayor and Members of the City Council. Submitted by: Scott Ferris, Acting Director, Parks, Recreation & Waterfront Office of the City Manager CONSENT CALENDAR November 27, 2012 To: From: Honorable Mayor and Members of the City Council Christine Daniel, City Manager Submitted by: Scott Ferris, Acting Director, Parks,

More information

d. Could you represent the profit for n copies in other different ways?

d. Could you represent the profit for n copies in other different ways? Special Topics: U3. L3. Inv 1 Name: Homework: Math XL Unit 3 HW 9/28-10/2 (Due Friday, 10/2, by 11:59 pm) Lesson Target: Write multiple expressions to represent a variable quantity from a real world situation.

More information

Management s Report to Shareholders

Management s Report to Shareholders Management s Report to Shareholders Management is responsible for the preparation of the accompanying consolidated financial statements and all other information contained in this Annual Report. The consolidated

More information

Village Roadshow Limited Hong Kong May 27 th Singapore May 29 th

Village Roadshow Limited Hong Kong May 27 th Singapore May 29 th Village Roadshow Limited Hong Kong May 27 th Singapore May 29 th AGENDA Company Overview Our History Business Portfolio Financial Performance Capital Management Future Strategy Summary 2 Australia s Leading

More information

JVC Reports Business Results for Fiscal 2006 (April 1, 2005 March 31, 2006)

JVC Reports Business Results for Fiscal 2006 (April 1, 2005 March 31, 2006) For Immediate Release: April 27, 2006 JVC Reports Business Results for Fiscal 2006 Victor Company of Japan, Ltd. (JVC) announced today its financial results for fiscal 2006. Consolidated total sales decreased

More information

Why Netflix Is Still Undervalued

Why Netflix Is Still Undervalued Why Netflix Is Still Undervalued Feb. 19, 2018 1:35 PM ET 34 comments About: Netflix, Inc. (NFLX), Includes: DIS Ziyadd Manie, CFA Summary Netflix s first mover advantage in an industry with structural

More information

II. Overview of Movie Theaters

II. Overview of Movie Theaters II. Overview of Movie Theaters - The number of screens increases with continued entry of cinema complex method theaters - Number of movie theaters (screens) 2,464 theaters up 4.7% compared to Number of

More information

Financial presentation. February 2014

Financial presentation. February 2014 Financial presentation February 2014 1 Contents Profile Strategy Outlook Stock market data 2 Profile RIBER in brief World leader for dedicated semiconductor alloy production and complex material deposition

More information

2014 Preliminary Results 12 th March 2015

2014 Preliminary Results 12 th March 2015 2014 Preliminary Results 12 th March 2015 Introduction Financials Philip Bowcock CFO Integration and Synergies Israel Greidinger - Deputy CEO Business Update Mooky Greidinger - CEO 2 Financial Review Financial

More information

Mayor's Task Force Arts and Theatres Recommendations on the Theatres

Mayor's Task Force Arts and Theatres Recommendations on the Theatres Mayor's Task Force Arts and Theatres Recommendations on the Theatres Chair: Councillor Gary Crawford Task Force Members: Susan Crocker, Jim Fleck, Robert Foster and Chris Lorway Theatre Panel Members:

More information

Jazz Bandleader Composer

Jazz Bandleader Composer Jazz Bandleader Composer The following is the breakdown of 2006-2011 income for a Jazz Bandleader-Composer, who writes, records and performs his own works and leads and participates in multiple ensembles

More information

TEAM E CAMERAS: GLO-BUS STRATEGY

TEAM E CAMERAS: GLO-BUS STRATEGY TEAM E CAMERAS: GLO-BUS STRATEGY Caroline Burke Mary Harris Stuart Hooks Jacob McCanless William Vaughan TEAM E CAMERAS: BEST COST, BEST VALUE, BEST CHOICE! Objective: Make all of our stakeholders happy

More information

THE STATE OF BRITAIN S ORCHESTRAS IN 2016

THE STATE OF BRITAIN S ORCHESTRAS IN 2016 THE STATE OF BRITAIN S ORCHESTRAS IN 2016 SUMMARY This survey provides an update on key statistics for the orchestra sector in 2016. The orchestras surveyed represent 84% of the Association of British

More information

ENFORCEMENT DECREE OF THE BROADCASTING ACT

ENFORCEMENT DECREE OF THE BROADCASTING ACT ENFORCEMENT DECREE OF THE BROADCASTING ACT Presidential Decree No. 16751, Mar. 13, 2000 Amended by Presidential Decree No. 17137, Feb. 24, 2001 Presidential Decree No. 17156, Mar. 20, 2001 Presidential

More information

Why split up Netflix?

Why split up Netflix? Netflix Group 4 Why split up Netflix? DVD by mail is slowly dying, but Netflix will do everything it can to keep it alive Netflix has diverged into two different business lines, with two very different

More information

History of the Fox Theater:

History of the Fox Theater: Donor Prospectus History of the Fox Theater: The Fox Theater was built in 1928 and designed by the well-known Los Angeles-based architects Clifford Balch and engineer Floyd E. Stanberry, who were responsible

More information

Submit Organizational Chart : 17Admin177_SubmitOrganizationalChart_ pdf

Submit Organizational Chart : 17Admin177_SubmitOrganizationalChart_ pdf Report Submission - ID: 17Admin177 Author(s): Hannah Singleton Unit of Analysis ID Number: 145 Sector: Provost's Office Division : College of Visual & Performing Arts Unit for Assessment: Dennison Theatre

More information

Fidelity Capital Structure Corp. Annual Dividends

Fidelity Capital Structure Corp. Annual Dividends Fidelity Capital Structure Corp. Annual Dividends The Board of Directors of the Fidelity Capital Structure Corp. announces that it has declared ordinary dividends to shareholders in the es listed below

More information

BUY Current Price: $21.28 Target Price: $24.36 Market Cap: 3.39B S&P Debt Rating B+

BUY Current Price: $21.28 Target Price: $24.36 Market Cap: 3.39B S&P Debt Rating B+ February, 17, 2017 Regal Entertainment Group (RGC) Analyst: Edward Stumm Sector: Consumer Discretionary Industry: Media Company Description: Regal Entertainment Group (RGC) is one of the leading and most

More information

SKYCITY ENTERTAINMENT GROUP LIMITED. Interim Financial report FOR THE SIX-MONTH PERIOD ENDED 31 DECEMBER 2015

SKYCITY ENTERTAINMENT GROUP LIMITED. Interim Financial report FOR THE SIX-MONTH PERIOD ENDED 31 DECEMBER 2015 SKYCITY ENTERTAINMENT GROUP LIMITED Interim Financial report FOR THE SIX-MONTH PERIOD ENDED 31 DECEMBER 2015 2016 TABLE OF CONTENTS TABLE OF CONTENTS INTERIM REPORT SECTIONS Page number Highlights 2 Chief

More information

CINEPLEX GALAXY INCOME FUND Reports Record Fourth Quarter and Full Year Results

CINEPLEX GALAXY INCOME FUND Reports Record Fourth Quarter and Full Year Results Not for release over US newswire services FOR IMMEDIATE RELEASE CINEPLEX GALAXY INCOME FUND Reports Record Fourth Quarter and Full Year Results TORONTO, CANADA, February 11, 2010 (TSX: CGX.UN) Cineplex

More information

INVESTOR PRESENTATION. March 2016

INVESTOR PRESENTATION. March 2016 INVESTOR PRESENTATION March 2016 DISCLAIMER Safe Harbor: - Some information in this report may contain forward-looking statements. We have based these forward looking statements on our current beliefs,

More information

CINEPLEX INC. Reports First Quarter Results and Announces Dividend Increase

CINEPLEX INC. Reports First Quarter Results and Announces Dividend Increase FOR IMMEDIATE RELEASE CINEPLEX INC. Reports Results and Announces Dividend Increase TORONTO, Canada, May 8, 2015 (TSX: CGX) - Cineplex Inc. ( Cineplex ) today released its financial results for the three

More information

Your Name/Organization: (Name of Person, Company, or Organization legally bound by the rental contract (Licensee))

Your Name/Organization: (Name of Person, Company, or Organization legally bound by the rental contract (Licensee)) RENTAL REQUEST FORM Your Name/Organization: (Name of Person, Company, or Organization legally bound by the rental contract (Licensee)) Name of Person, Company, or Organization appearing at event if different

More information

SKYCITY Entertainment Group Limited. Interim Results for six months to 31 December 2014

SKYCITY Entertainment Group Limited. Interim Results for six months to 31 December 2014 MEDIA RELEASE 11 February 2015 SKYCITY Entertainment Group Limited Interim Results for six months to 31 December 2014 Result Highlights: Normalised revenue up 9.2% to $510.0 million, normalised EBITDA

More information

University of British Columbia Library Rare Books and Special Collections

University of British Columbia Library Rare Books and Special Collections University of British Columbia Library Rare Books and Special Collections Finding Aid - Vancouver Fishermen's Settlement Service fonds (ARC-1793) Generated by Access to Memory (AtoM) 2.2.1 Printed: July

More information

MARKET OUTPERFORMERS CELERITAS INVESTMENTS

MARKET OUTPERFORMERS CELERITAS INVESTMENTS MARKET OUTPERFORMERS CELERITAS INVESTMENTS Universal Displays (OLED) Rating: Strong Buy Stock Price: $101/share Price Target: $130/share MOP Idea of the Month: Universal Displays Business Overview: Universal

More information

Community Choirs in Australia

Community Choirs in Australia Introduction The Music in Communities Network s research agenda includes filling some statistical gaps in our understanding of the community music sector. We know that there are an enormous number of community-based

More information

SKY 2014 AGM. SPEAKING NOTES October 2014 DIRECTOR OF CORPORATE COMMUNICATION

SKY 2014 AGM. SPEAKING NOTES October 2014 DIRECTOR OF CORPORATE COMMUNICATION SKY 2014 AGM SPEAKING NOTES October 2014 PRODUCED BY KIRSTY WAY DIRECTOR OF CORPORATE COMMUNICATION TABLE OF CONTENTS PAGE 1. WELCOME (CHAIRMAN) 3 1.1. SPEAKING NOTES PETER MACOURT 3 2. SPEAKING & VOTING

More information

Cineplex Inc. Reports Record First Quarter Results, Announces Dividend Increase and Amended Credit Facilities

Cineplex Inc. Reports Record First Quarter Results, Announces Dividend Increase and Amended Credit Facilities FOR IMMEDIATE RELEASE Cineplex Inc. Reports Record Results, Announces Dividend Increase and Amended Credit Facilities TORONTO, Canada, May 3, 2016 (TSX: CGX) - Cineplex Inc. ( Cineplex ) today released

More information

INTERIM RESULTS SKY NETWORK TELEVISION LIMITED INTERIM RESULTS DECEMBER 2018

INTERIM RESULTS SKY NETWORK TELEVISION LIMITED INTERIM RESULTS DECEMBER 2018 INTERIM RESULTS SKY NETWORK TELEVISION LIMITED INTERIM RESULTS DECEMBER 2018 JOHN FELLET CHIEF EXECUTIVE OFFICER Photosport.nz SKY Network Television Limited Interim Results 2019 2 REVENUE Millions 439.8

More information

T4 Part B Case Study Examination

T4 Part B Case Study Examination T4 Part B Case Study Examination Instructions to candidates Thursday 25 November 2010 You are allowed three hours to answer this question paper. You are allowed 20 minutes reading time before the examination

More information

EDITORIAL POLICY GUIDANCE TICKETING FOR BBC EVENTS AND PROGRAMMES

EDITORIAL POLICY GUIDANCE TICKETING FOR BBC EVENTS AND PROGRAMMES EDITORIAL POLICY GUIDANCE TICKETING FOR BBC EVENTS AND PROGRAMMES (Last updated: October 2010) EDITORIAL GUIDELINES ISSUES This guidance note should be considered in conjunction with the following Editorial

More information

SUCCESS STORY PRIMERICA, INC. PROFILE CHALLENGE SOLUTIONS

SUCCESS STORY PRIMERICA, INC. PROFILE CHALLENGE SOLUTIONS PROFILE CHALLENGE SOLUTIONS 03 R E S U LT S 04 CLIENT PROFILE Primerica, Inc., founded in 1977 and headquartered in Duluth, GA, is a leading distributor of financial products to middle-income households

More information

Australian Broadcasting Corporation. Department of Broadband, Communications and the Digital Economy

Australian Broadcasting Corporation. Department of Broadband, Communications and the Digital Economy Australian Broadcasting Corporation submission to Department of Broadband, Communications and the Digital Economy Response to the Discussion Paper Content and access: The future of program standards and

More information

Libraries. Goals. The City will:

Libraries. Goals. The City will: Libraries Goals The City will: Provide adequate public facilities and services for all services which the City provides. Coordinate the location and design of all City public facilities with the goals

More information

Evaluation of the Orchestras Review 2005 funding package implementation. Summary Document

Evaluation of the Orchestras Review 2005 funding package implementation. Summary Document Evaluation of the Orchestras Review 2005 funding package implementation About LECG LECG is a global expert services firm with highly credentialed experts and professional staff with specialist knowledge

More information

RECORDED MUSIC FOR THE PURPOSE OF DANCING MUSIC LICENSING CONSULTATION

RECORDED MUSIC FOR THE PURPOSE OF DANCING MUSIC LICENSING CONSULTATION DATE: 13 October 2017 RECORDED MUSIC FOR THE PURPOSE OF DANCING MUSIC LICENSING CONSULTATION OneMusic Australia is a joint venture initiative of APRA AMCOS and PPCA. APRA AMCOS is the trading name of the

More information

Herbert C. Young Community Center FACILITY RENTAL GUIDE

Herbert C. Young Community Center FACILITY RENTAL GUIDE Herbert C. Young Community Center FACILITY RENTAL GUIDE The Herbert C. Young Community Center, conveniently located in downtown Cary, features several areas for celebrations and special occasions. Our

More information

Australian Chamber Choir Regional Performance and Relationship Model

Australian Chamber Choir Regional Performance and Relationship Model Australian Chamber Choir Regional Performance and Relationship Model (RPRModel) Purpose The ACC Regional Performance and Relationship Model (RPRModel) has been designed as a marketing and communications

More information

Netflix: Amazing Growth But At A High Price

Netflix: Amazing Growth But At A High Price Netflix: Amazing Growth But At A High Price Mar. 17, 2018 5:27 AM ET8 comments by: Jonathan Cooper Summary Amazing user growth, projected to accelerate into Q1'18. Contribution profit per subscriber continues

More information

PL AN OFFE R DOCU M E NT

PL AN OFFE R DOCU M E NT SKYCITY ENTERTAINMENT GROUP LIMITED D IVI D E N D R E I NVE STM E NT PL AN OFFE R DOCU M E NT 25 FEBRUARY 2 011 UPDATED AS AT 19 APRIL 2016 This is an important document, prepared in accordance with the

More information

du Announces Interim Dividend of 12 Fils per Share Q Year-on-Year Revenues Exceed AED 3 billion for First Time

du Announces Interim Dividend of 12 Fils per Share Q Year-on-Year Revenues Exceed AED 3 billion for First Time du Announces Interim Dividend of 12 Fils per Share Q2 2014 Year-on-Year Revenues Exceed AED 3 billion for First Time Emirates Integrated Telecommunications Company PJSC ( du ) publishes Q2 2014 Results

More information