molonglo financial services limited€¦ · that emma stonham be elected as a director. approve...
TRANSCRIPT
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Molonglo Financial Services Limited
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AgendaBen Johnson and Ken Lloyd– Integra Service Dogs AustraliaChairman’s ReportTreasurer’s ReportBendigo Bank ReportResolutionsGeneral Business
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Integra Service Dogs AustraliaBen JohnsonCEO and Co-Founder
Ken Lloyd, OAM MSs JPNational Kennel Master & Co-Founder
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Chairman’s ReportNeale GuthrieChairMolonglo Financial Services Limited
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Director changesAppointments:
Robbie RynehartNigel PhairEmma StonhamCatherine Walsh
Resignations:
Robert EvansRobbie Rynehart
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Company performanceProfit - $162,110Dividend - $0.02 per share (un-franked)Community - $68,048Staff - Made you proud!
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Dividend Announcement$0.02 per shareUn-franked01 December 2018
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Strategic PlanningApproaching the end of 2016-19 planCommenced new planning process in SeptemberAdapting to changing environment
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In the branchesCosmetic upgrades continuingChanging our opening timesRecruiting two Branch Operations Managers
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Out of the branchesRecruiting two Mobile LendersTaking the branch to the customersShared services working groupMember of Community Bank® National Council
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Marketing - ACTBrand Sentiment - 18.4% growthBrand Consideration - 9.75% growthBrand Awareness (prompted) - 2.94% growth
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Marketing - NationalThe ‘better big bank’Capitalising on disillusioned Big 4 customersResearch based and market tested
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Low Volume MarketNew strategy successfulReset 01 January every yearAdopted by Community Bank® network
2015 2016 2017 2018
Sales 1 0 9 10*
*5 currently being processed
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Jayson Hinder Memorial Scholarship2 x $2,500 CIT ScholarshipIn conjunction with PCYCApplications open 03 December 2018
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Treasurer’s ReportNeale GuthrieChair(on behalf of Alison Bleathman CA, apology)Molonglo Financial Services Limited
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2017-18I N COME 20 1 6 - 1 7 BUDGET 2 0 1 7 - 1 8
G R O S S M A R G I N $ 1 , 7 9 0 , 9 6 9 $ 2 , 2 7 6 , 8 9 1 $ 2 , 1 0 5 , 4 1 8
S E R V I C E C O M M I S S I O N S $ 3 4 8 , 7 7 2 $ 1 2 5 , 4 1 4 $ 1 5 2 , 2 2 7
F E E I N C O M E $ 2 3 6 , 9 2 6 $ 2 4 0 , 3 4 6 $ 2 1 9 , 5 9 9
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2017-182 0 1 6 - 1 7 BUDGET 2 0 1 7 - 1 8
R E V E N U E $ 2 , 5 2 7 , 5 9 7 $ 2 , 7 6 8 , 8 9 5 $ 2 , 6 1 7 , 1 8 0
E X P E N S E S $ 2 , 4 3 0 , 8 0 1 $ 2 , 4 9 4 , 1 9 8 $ 2 , 4 5 5 , 0 7 0
P R O F I T $ 9 6 , 7 9 6 $ 2 7 4 , 6 9 7 $ 1 6 2 , 1 1 0
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2017-18Calwell RefurbishmentTwo Franchise Fee PaymentsChange to Revenue Share
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Current Ratio
2 0 1 6 2 0 1 7 2 0 1 8
C U R R E N T A S S E T S $ 8 6 7 , 2 4 6 $ 1 , 0 5 4 , 9 7 8 $ 8 1 5 , 2 7 7
C U R R E N T L I A B I L I T I E S $ 2 0 8 , 3 2 6 $ 3 3 2 , 4 4 9 $ 2 9 4 , 5 9 8
C U R R E N T R AT I O 4 . 1 6 3 . 1 7 2 . 7 7
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2018-19 – Q1BUDGET Q1
I N COME $681 , 8 5 8 $669 , 8 6 0
EXP ENS ES $631 , 1 1 5 $580 , 1 9 1
NET PROF I T/ LO S S $50 , 7 4 3 $91 , 3 4 1
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Bendigo Bank ReportAllyson WalesRegion Lead – Canberra RegionBendigo Bank
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Resolution 1 – Receipt of Annual ReportThat the meeting receives the Company’s Financial Report, the Director’s Report and the Auditor’s Report for the year ended 30 June 2018.
Approve Decline Abstain
Proxy Votes 17 0 0
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Resolution 2 – Election of DirectorsThat Robbie Rynehart be elected as a Director.
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Resolution 3 – Election of DirectorsThat Nigel Phair be elected as a Director.
Approve Decline Abstain
Proxy Votes 15 2 0
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Resolution 4 – Election of DirectorsThat Emma Stonham be elected as a Director.
Approve Decline Abstain
Proxy Votes 14 3 0
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Resolution 5 – Election of DirectorsThat Catherine Walsh be elected as a Director.
Approve Decline Abstain
Proxy Votes 15 2 0
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Resolution 6 - Election of DirectorsThat Alison Bleathman (nee. Grimes) be elected as a Director.
Approve Decline Abstain
Proxy Votes 14 3 0
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Resolution 7 – Director RemunerationUp to $20,000 be allocated to be distributed to Directors as remuneration for their services as the Board sees fit amongst the Directors during the 2018-19 tax year.
Approve Decline Abstain
Proxy Votes 13 4 0
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General BusinessQuestion 1
How many of the organisations to which the company donates money have opened accounts with our bank?
Providing this information would require the Board to breach the Franchise Agreement.
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General BusinessQuestion 1
How many of the organisations to which the company donates money have opened accounts with our bank?
The Canberra Community Bank® Group’s sponsorship program is open to all incorporated not-for-profit organisations in the Canberra-region who can demonstrate they are/will be a customer of the Canberra Community Bank®Group.”
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General BusinessQuestion 2
How many individuals associated with organisations to which the company donates money have opened and maintain accounts with our company’s banks?
Providing this information would require the Board to breach the Franchise Agreement.
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General BusinessQuestion 3
What has been and is the contribution of organisations to which the company has donated money to the company’s PBIT in dollar terms for the past five years?
Providing this information would require the Board to breach the Franchise Agreement.
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General Business
Question 3
What has been and is the contribution of organisations to which the company has
donated money to the company’s PBIT in dollar terms for the past five years?
Refer to:2018 Annual Report – Note 1. b) Revenue (Continued)Discretionary financial contributions
2018 Annual Report – Note 4. Revenue from ordinary activities
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General BusinessQuestion 4
What is the contribution of individuals associated with organisations to which the company has donated money to the company’s PBIT in dollar terms for the past five years?
Providing this information would require the Board to breach the Franchise Agreement.
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General BusinessQuestionsPlease identify yourself by name when asking a question.