SYDNEY SYMPHONY2009ANNUAL REPORT

CONTENTS

2-3Sydney Symphony Musicians 2009 42009 – The Year in Review 6Chairman’s Remarks 8Managing Director’s Report 10Board of Directors 12Principal Conductor & Artistic Advisor’s Statement 14Artistic Report 16Repertoire and Artists Featuring in Self- Presented Mainstage Concerts 20Audience Development 22Education Program 24Touring and Outreach 28Philanthropy Report 30Sydney Symphony Patrons 32Partnerships 34Directors’ Chairs 35Corporate Governance Statement 36Financial Statements 38Sydney Symphony Staff 68

SYDNEY SYMPHONYMUSICIANS 2009Vladimir AshkenazyPrincipal Conductor and Artistic Advisor

Nicholas Carter ASSISTANT CONDUCTOR

Michael Dauth CONCERTMASTER

Dene Olding CONCERTMASTER

Concertmaster Chairs supported by the Sydney Symphony Board and Council

FIRST VIOLINS Sun Yi ASSOCIATE CONCERTMASTER

Kirsten Williams ASSOCIATE CONCERTMASTER

Fiona Ziegler ASSISTANT CONCERTMASTER

Julie BattyMarianne BroadfootBrielle ClapsonSophie Cole Amber GuntherJennifer HoyJennifer Johnson Georges Lentz Nicola LewisAlexandra Mitchell Léone Ziegler

SECOND VIOLINSKirsty Hilton PRINCIPAL

Marina Marsden PRINCIPAL

Emma West A/ASSOCIATE PRINCIPAL

Shuti Huang, A/ASSISTANT PRINCIPAL

Susan Dobbie PRINCIPAL EMERITUS

Maria Durek Emma HayesStan KornelBenjamin LiNicole MastersPhilippa PaigeBiyana RozenblitMaja Verunica

VIOLASRoger Benedict PRINCIPAL Roger Allen and Maggie Gray ChairAnne Louise Comerford ASSOCIATE PRINCIPAL

Yvette Goodchild ASSISTANT PRINCIPAL

Robyn BrookfieldSandro CostantinoJane HazelwoodGraham HenningsStuart JohnsonMary McVarishJustine Marsden Felicity Tsai Leonid Volovelsky

CELLOS Catherine Hewgill PRINCIPAL Tony and Fran Meagher ChairTimothy Walden PRINCIPAL

Leah Lynn ASSISTANT PRINCIPAL

Kristy ConrauFenella GillTimothy NankervisElizabeth NevilleAdrian WallisDavid Wickham

DOUBLE BASSESKees Boersma PRINCIPAL

Alex Henery PRINCIPAL

Neil Brawley PRINCIPAL EMERITUS

David CampbellSteven LarsonRichard Lynn David Murray

HARPLouise Johnson PRINCIPAL HARP Mulpha Australia Chair

FLUTESJanet Webb PRINCIPAL

Emma Sholl ASSOCIATE PRINCIPAL Robert and Janet Constable Chair Carolyn Harris

PICCOLORosamund Plummer PRINCIPAL

OBOESDiana Doherty PRINCIPAL Andrew Kaldor and Renata Kaldor AO ChairShefali Pryor ASSOCIATE PRINCIPAL

David Papp

COR ANGLAISAlexandre Oguey PRINCIPAL

CLARINETSLawrence Dobell PRINCIPAL

Francesco Celata ASSOCIATE PRINCIPAL

Christopher Tingay

BASS CLARINETCraig Wernicke PRINCIPAL

BASSOONSMatthew Wilkie PRINCIPAL

Roger Brooke ASSOCIATE PRINCIPAL

Fiona McNamara

CONTRABASSOONNoriko Shimada PRINCIPAL

HORNSRobert Johnson PRINCIPAL

Ben Jacks PRINCIPAL

Geoff O’Reilly PRINCIPAL 3RD

Lee Bracegirdle Euan HarveyMarnie Sebire

TRUMPETSDaniel Mendelow PRINCIPAL

Paul Goodchild ASSOCIATE PRINCIPAL The Hansen Family ChairJohn FosterAnthony Heinrichs

TROMBONESRonald Prussing PRINCIPAL TROMBONE NSW Department of Industry and Investment ChairScott Kinmont ASSOCIATE PRINCIPAL

Nick Byrne RogenSi Chair

BASS TROMBONEChristopher Harris PRINCIPAL

TUBASteve Rossé PRINCIPAL

TIMPANIRichard Miller PRINCIPAL

Mark Robinson ASSISTANT PRINCIPAL TIMPANI/TUTTI PERCUSSION

PERCUSSIONRebecca Lagos PRINCIPAL

Colin Piper

PIANOJosephine Allan PRINCIPAL (CONTRACT)

4-5

Concerts at Sydney Opera House and City Recital Hall, Angel Place• TheSydneySymphonypresented113

concertsintheSydneyOperaHouseandCityRecitalHallAngelPlaceto225,545patrons.

• Theseperformancesincluded93concertstowhichsubscriptionsaresoldacross11series,threegalaperformancesand17commercialconcerts.

6-7YEAR IN REVIEW 2009

Commercial WorkTheSydneySymphonyallocatesapercentageofavailableorchestralplayingtimetoearnnecessaryadditionalincomefromcollaborationswithcommercialpresenters.ThisworkisundertakeneitherwiththeSydneySymphonytakingthefullriskorasa‘bandforhire’.

In2009theSydneySymphonyperformedin17commercialconcertswhichattracted39,153attendees.

The Education Program• 35,576knowledgeseekersattended

theSydneySymphony’s71educationactivitiesin2009.

• Ofthese,12,861pupilsattendedthe33schoolsconcertsthatareheldatboththeABCCentreinUltimoandSydneyOlympicPark,and2,154pupilsattendedoneofnineregionalschoolsconcertsinBatemansBay,NowraandWollongong.

• 2,370concertgoersenjoyed16performancesbytheSydneySymphonyFellows.

• 582teachersattendedthreeprofessionaldevelopmentinservicesandseminars.

• 110peopleattendedtheSinfoniettaworkshop.

• 77studentsandseverallocalmusicteachersparticipatedintheOrangePlayerlinkworkshop.

• 1,784studentsfrom70differentschoolsattendedtheeducationconcertTheWhitlamsMeettheOrchestra.

In 2009 the Sydney Symphony performed 205 concerts to more than 300,000 people.

SERIES NO. OF NO. OF 2009 PERFORMANCES PROGRAMS ATTENDANCE

EnergyAustralia Master Series 27 10 54,042

Thursday Afternoon Symphony 9* 9 19,660

Emirates Metro Series 8 8 18,605

Meet the Music 8 4 17,838

Kaleidoscope 9 4 17,203

Great Classics 7* 7 16,371

Tea and Symphony 8* 8 15,283

The Veuve Clicquot Series 5 5 10,002

Discovery Program 4 4 4,561

International Pianists in Recital 4 4 3,178

Mozart in the City 4 4 4,001

Gala performances 3 2 5,648

Total 96 69 186,392

*matineeperformances

• Morethan70hoursofSydneySymphonyrecordedconcertswerebroadcastonABCClassicFMin2009.

• FourSydneySymphonyperformanceswereofferedtotheEuropeanBroadcastingUnionin2009andtherewere32broadcastsinEuropeasaresultofthoseoffers.

• TenperformancesweremadeavailableforstreamingontheBigPondwebsite.

• OneCD,RareRachmaninoff,wasreleasedontheSydneySymphony’sownlabel.

• ThefirstthreeCDsintheseriesVladimirAshkenazyConductsElgarwerereleasedontheExtonlabel.

• SydneySymphonymusiciansalsocontinuedtocontributetothewidercommunityintheircapacityasteachersandmembersofcommunitymusicgroups.

• UnderthedirectionofPrincipalConductorandArtisticAdvisorVladimirAshkenazy,theSydneySymphonyembarkedonaten-daytourofAsiainOctober2009,takinginthecitiesofBeijing,Shanghai,Macau,HongKong,GuangzhouandKualaLumpur.

Thetourmarkedthefirsttimeinits77-yearhistorythattheSydneySymphonyhadvisitedmainlandChina.

Touring and Outreach• TheSydneySymphonyperformedat

threefreeoutdoorconcertsin2009:

*SymphonyintheDomain–35,000

*SydneyOlympicParkMusicbyMoonlight–1,000

*ParramattaPark–1,000

• TheSydneySymphonytouredtoWaggaWaggawhereitplayedtoapackedhallof488.TheOrchestraalsovisitedCanberraandAlbury,playingtoaudiencesof1,124and818respectively.

• TheSydneySymphonyalsogaveconcertsinPenrith,Griffith,Blacktown,NewcastleandSpringwood.

• Nineperformancestoover900attendeesweregivenundertheSydneySymphonyandMBF’smusic4healthprogramathospitalsthroughoutNSW.

It isanhonourtoreportontheSydneySymphony’syeartoDecember2009,chartingasitdoesourfirstyearundertheleadershipofVladimirAshkenazyasourPrincipalConductorandArtisticAdvisor.Ithasbeenahighlysuccessfulyearintermsofartisticachievement,withtheresponseofaudiences,criticsandthebroadermusicworldclearlydemonstratingthatthisisapartnershipthatbringsouttheverybestintheorchestra.

ItwasalsoayearinwhichMrRoryJeffesacceptedappointmentasourManagingDirector,followingtheretirementofMsLibbyChristie.IthankLibbyforherleadershipoverthepastsixyearsandIcongratulateRoryonhisappointment.Alreadyhehasdemonstratedgreatabilityinhisworkwiththeboard,themusiciansandallstaffandIamconfidenthisleadershipinthesemoredifficultfinancialtimeswillbeappreciatedgreatlybyusall.Heistotallycommittedtothedevelopmentoftheorchestraanditsartisticvigourwhilebeingmindfuloftheobligationsweallhavetofinancialviability.

Inayearwhichprovedverychallengingfinancially,wehavebeenfortunatethatsupporters,existingandnew,pledgedsignificantfundsthroughtheMaestro’sCircleandotherinitiatives.Thisadditionalfundingwillenableustopursuetheverymanyspecialprojects,suchasinternationaltoursandrecordings,thatMrAshkenazyhasfortheorchestra.Whiletheseprojectsarechallenging,theystrengthenboththequalityandinternationalprofileofourorchestra.In2009,theorchestratouredtoChinaandMalaysiawithMrAshkenazy.WearemakingeveryefforttofundatourtoEuropein2010–atourwhichpromisesamostexhilaratingprogramofperformancesatsomeofthemostprestigiousEuropeanfestivals.There

issimplynodirectmeasureofthebenefitstotheSydneySymphony,toSydneyandindeedtoAustraliathatarederivedfromsuchinternationalexposureandexperience.Theambassadorialimpactshouldnotbeunderestimated.TheseopportunitiesunderMrAshkenazy’sleadershipbringartisticgrowthandextraordinaryinternationalperformanceexperiencesfortheorchestra,alongwithrealculturaldiplomacyforthenation.Ihopethatevenmoreofourconcert-goerswillfindwaystoincreasetheirfinancialsupportoftheOrchestraintheseyearsofgreatopportunitywithMrAshkenazy.

Theglobalfinancialcrisisin2008/2009hadasignificantimpactonmanyorganisations,includingours.Ourincomethroughbothticketsalesandinvestmentincomewasaffectedadversely.CoupledwiththeongoingadditionalcostsresultingfromdivestmentfromtheABC,ouroperatingprofitwasimpactedsignificantly.Operatinglossesarenotsustainableinthemediumorlongerterm.TheboardandseniormanagementcontinuetoseeksupportfromGovernmentwithrespecttothesedivestmentcostsonthebasisthatdivestmentwasintendedtobe“costneutral”totheSydneySymphony.

IthanktheFederalGovernment,throughtheAustraliaCouncilfortheArts,andtheNewSouthWalesGovernment,throughArtsNSW,fortheirongoingcommitmentandfinancialsupport.WithoutthisfundingfrombothtiersofGovernment,theOrchestracouldnotexist.Weacknowledgethatfundingandexpressourappreciationonbehalfofthemusiciansandthehundredsofthousandsofpeoplewhohearourperformanceseachyear.

Ialsoacknowledgeandthankoursponsors,patronsandvolunteers.Withouttheirsupport,theSydneySymphonywould

8-9CHAIRMAN’S REPORT

notbeabletopresenteitherworldclassartistsorourequallyimportantcommunityandoutreachprograms.

Ithankoursubscriberswhoyearin,yearoutsupporttheorchestra.Wewillcontinuetoworktodelightyouandallouraudienceswithourrepertoireandourperformances.

IrecognisemyfellowDirectorsfortheirsignificantcontributionandcommitment,especiallyduringthesedifficulttimes.ImakespecialmentionofMrJohnCurtiswhoretiredfromtheboardduring2009.Johngavegenerouslyofhistimeandresourcesalwaysandhadaveryparticularinterestintheartisticdevelopmentoftheorchestra.IwelcomeMsJenniferHoyandMrEwenCrouchtotheboard.Jenniferisamusician(firstviolins)andEwenischairmanofpartnersatAllensArthurRobinson.

Aboveall,IthankthemusiciansthatmakeuptheSydneySymphony,togetherwiththenumerousvisitingconductorsandsoloistsandbehind-the-scenespersonnelwhoworktirelesslytoprovideperformancesthatexciteandinspire.ThefirstyearwithMrAshkenazyhasbeenmemorable.Wearefortunatetohaveasourownsuchanimportantfigureininternationalorchestralmusic.HeistakingtheSydneySymphonytoevengreaterheightsofachievement.Weareassuredofmoreexcitingandrewardingexperiencesin2010andbeyondasweallstrivetocapturethemagicandtheinspirationthathebringsasourPrincipalConductor.

John C Conde AO

Chairman

These opportunities under Mr Ashkenazy’s leadership bring artistic growth and extraordinary international performance experiences for the orchestra, along with real cultural diplomacy for the nation. Al

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10-11MANAGINGDIRECTOR’S REPORT

cleardemonstrationofboththeirloveoftheOrchestraandtheircareforthefutureofclassicalmusicthatsomanyhavecontinuedtodonatetotheOrchestrathroughthisyear.

Theglobaleconomicclimate,andtheimpactthishadthrough2009inSydney,madeitadifficultyearfinancially,despitearigorousapproachtocostcontrolthroughtheyear.Ticketsalesinthesecondhalfoftheyearwereparticularlyaffected,resultinginareductioninticketsalesfortheyearof$138,564comparedto2008.Atthesametimethesignificantloweringofinterestratesalsoresultedinadecreaseinourincomefromcashreservesof$670,747comparedto2008.

TheSydneySymphonycontinuestobeartheadditionalexceptionalcostsduetoitsdivestmentfromtheABCin2007,totalling$479,616in2009.TheburdenoftheseadditionalcostsisbeingbornebytheCompany.However,intheeventthattheSydneySymphonydoesnotreceivecompensationfortheseongoingcostsasindicatedatthetimeofdivestment,theyareaburdentotheCompanythatwillneedtobetakenintoaccountinfutureplanningfortheorganisation.Theoverallresultfortheyear,includingalltheseconsiderations,wasadeficitof$1,090,477.Atyear-endthecompanyhadreservesof$8,477,624.

2009wasclearlyayearofartisticvibrancy,inspiredaudiencesandcommercialchallenge.Theexcellenceofperformanceshasledmanytosaythattheyhavenever

heardtheOrchestrainfinerform–andIpaytributetotheextraordinaryarrayoftalentandskillsthatweareprivilegedtohearonstageacrosstheyear.Whatisoftenlessappreciatedpubliclyistheextraordinaryskillandcommitmentofallthosebehindthescenes,whoareequallyindispensibletooursuccess,andIgratefullyacknowledgethededicationandprofessionalismoftheadministrationoftheSydneySymphonyfortheircontributiontothesuccessofVladimirAshkenazy’sfirstyearofleadership.

IwouldalsoliketothankourChairman,MrJohnConde,andourBoardofDirectorsfortheirgenerousandtirelesssupportbothfortheOrchestraandformepersonallyasIsteppedintotheroleofManagingDirector.TheircounselandpracticalengagementcontributesignificantlytothesuccessoftheCompany.

Rory JeffesManagingDirector

broadcastsinEuropethroughtheABC’slinkwiththeEuropeanBroadcastingUnion.

TheSydneySymphony’sAsianTourinOctoberwasthefirsttimethattheOrchestrahadtouredtomainlandChina.PerformancesweregiveninBeijing,Shanghai,Macau,HongKongandGuangzhou,beforecontinuingtoMalaysiafortwoperformancesinKualaLumpur.Theconcertswerehighlyacclaimedbybothaudiencesandcritics,andthetourrepresentswhatwetrustwillbethefirstofmanyvisitsbytheOrchestratothisincreasinglyimportantmarketforthefinestorchestralmusic.

SydneySymphonyhaslongprideditselfonitsabilitytodevelopstrongrelationshipswithitscorporatepartnersandtheyearagaindemonstratedtheresultsofthisapproach.Theyearsawtherenewalofanumberofoursponsorshipstogetherwithanumberofnewpartners,particularlyinrelationtotheAsianTour.Wegreatlyvaluetheserelationshipsofmutualbenefitandacknowledgethevisionandcommitmentofourpartners,whomakesuchavaluableconnectionwiththecommunitythroughtheirassociationwiththeSydneySymphony.

PhilanthropyagainplayedanimportantroleinenablingtheOrchestratodelivermanyofourartisticandeducationalgoals.InwhatprovedtobeaverydifficultyearforsomanypeoplebothhereinAustraliaandaroundtheworld,Iparticularlythankthosewhohavecontinuedtosupportsuchabroadrangeofouractivities.Itistomea

Vladimir Ashkenazy brought a diverse and powerful range of performances for our audiences to savour and enjoy.

2009 wasayearofoutstandingartisticachievementsundertheleadershipofVladimirAshkenazy,inhisfirstyearastheOrchestra’sPrincipalConductorandArtisticAdvisor.FromthestunningpresentationofMendelssohn’sAMidsummerNight’sDreamasourseasonopeninggala,woventhroughanon-stageproductionofShakespeare’splay,tothehighlyacclaimedfestivalofthemajororchestralworksbyProkofievinNovember,VladimirAshkenazybroughtadiverseandpowerfulrangeofperformancesforouraudiencestosavourandenjoy.Itwastrulyaninspiringyearforallthoseassociatedwiththiswonderfulorchestra.

Twomajormusicalanniversarieswerecelebratedin2009–the200thanniversaryofthedeathofJosephHaydnandthesamelandmarkforthebirthofFelixMendelssohn.Aswellasourseasonopeningperformances,MendelssohnfeaturedduringtheyearthroughhisViolinConcerto,sobeautifullyplayedbyIsabelleFaust,andinourownplayers’performanceofhisOctetintheMozartintheCityseries.Itwasalso

wonderfultopresenttheStThomasBoys’ChoirfromLeipzig,underthedirectionofGeorgChristophBiller,inourMeettheMusicseries–withtheirhistoricalconnectionsbacktobothMendelssohnandJSBach.

Haydnalsofeatured,throughperformancesofthe‘Military’Symphony,No.100,andhischoralmasterpieceTheCreation,conductedbyHaydnexpertMartinHaselböcktocloseourseason.

Theseasonsawseveraltwo-weekperiodswithguestconductors,includingDouglasBoyd,HughWolffandYannickNézet-Séguin,allowingustodeepenourworkingrelationshipwiththemwhilstexploringcontrastingaspectsoftheirpreferredrepertoire.DonaldRunnicles,JohnNelson,SimoneYoung,MarkWigglesworthandThomasZehetmaircontinuedthelistofoutstandingvisitingconductorsfor2009.

AlbanGerhardt,CédricTiberghien,PaulLewis,StephenHough,Han-NaChang,GautierCapuçonandViktoriaMullovawereamongthemanyoutstandinginternationalsoloiststoperformwiththeSydneySymphonyin2009.

ThebestAustralianartistsalsoappearedonstagewiththeorchestra:AmeliaFarrugia,SaraMacliver,PeterColeman-Wright,AlexanderGavrylyuk,JohnBellandJacquelinePorter,tonamejustafew.

ThereportwhichfollowsisatributetotheextraordinarytalentandcommitmentofthemusiciansoftheSydneySymphony.Atotalof205performanceswerepresentedtomorethan300,000peopleduringtheyear.ItisworthnotingthatoverhalfofthesewereoutsideourregularconcertvenuesoftheSydneyOperaHouseandCityRecitalHallAngelPlace–fromoutdoorperformancesinParramattaandatSydneyOlympicPark,toregionalcentresallacrossNSW.WhilewearetheSydneySymphony,weseeallofNSWasourcommunityandremaindeterminedtoperformacrosstheStateasoftenaspossible.

TheSydneySymphony’scommitmenttodevelopingnewaudiencesandsupportingyoungandemergingartistscontinuedin2009.Oureducationprogrampresented71performancesto35,576knowledgeseekersduringtheyear;ofthese,12,861werepupilsattendingour33schoolsconcertsinSydneyand2,154attendedournineregionalschoolsconcertsacrossNSW.582teachersalsoattendedthethreeprofessionaldevelopmentseminarswepresentedtofurthersupporttheprogram.TheSydneySinfonia,ourtrainingorchestradrawingontalentfromallacrossAustralia,performedmanyoftheseconcerts,aswellastheDiscoveryseriesofconcertsunderthebatonofRichardGill.TheSydneySymphonyFellowshipprogramsawsevenhighlytalentedAustraliansreceiveafullyearofsupportandtrainingunderthedirectionoftheprogram’sArtisticDirector,PrincipalViolaRogerBenedict.Thisoutstandingprogramhasshownextraordinaryresultssinceitsinception,with17formerFellowsnowinpositionswithmajororchestrasinAustraliaandoverseas.

TheABCcontinuestobeanimportantpartnerinextendingthereachoftheSydneySymphonybeyondtheSydneyOperaHouse.Morethan70hoursofSydneySymphonyrecordedconcertswerebroadcastonABCClassicFMduringtheyear,with32

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12-13BOARD OFDIRECTORS

governmentandcommunityorganisationsfor20years.SheisChairofChurchResources,aDirectorofVictorianUrbanDevelopmentAuthority,BarangarooDeliveryAuthorityandSydneyHarbourForeshoreAuthority,BreastCancerNetworkAustralia,amemberoftheCouncilofStIgnatius’College,Riverviewandothercommunityorganisations.SheisanHonoraryAssociateintheGraduateSchoolofGovernmentattheUniversityofSydneyandaFellowoftheAustralianInstituteofCompanyDirectors.

Rory JeffesEXECUTIVE DIRECTOR

RoryJeffeshasbeentheManagingDirectoroftheSydneySymphonysinceJuly2009.PriortothepositionofManagingDirectorhewastheDirectorofExternalRelationsfortheSydneySymphonyandhasheldseniorexecutiverolesintheUKworkingforlargecharitableinstitutions.

John C Conde AOCHAIRMAN AND NON-EXECUTIVE DIRECTOR

JohnCondeisChairmanofEnergyAustralia,oneofAustralia’slargestutilitycorporations.HeisalsoChairmanofBupaAustraliaHealthPtyLtd,ChairmanofWhitehavenCoalLimited,ChairmanoftheHomebushMotorRacingAuthorityAdvisoryBoard,andChairmanofEventsNSW.HeisPresidentoftheCommonwealthRemunerationTribunal,DirectorofDEXUSPropertyGroup,ChairmanoftheAustralianOlympicCommittee(NSW)FundraisingCommitteeandMemberofBondUniversity’sBoardofTrusteeMembers.PositionspreviouslyheldincludeDirectorofBHPBillitonandExcelCoalLimited,ManagingDirectorofBroadcastInvestmentHoldingsPtyLimited,DirectorofLumleyCorporation,PresidentoftheNationalHeartFoundationofAustralia.

Ewen CrouchNON-EXECUTIVE DIRECTOR

EwenCrouchisaPartnerandChairmanofAllensArthurRobinson.HeisalsoCo-headofthefirm’sMergers&AcquisitionsandCapitalMarketsgroup.EwenisaFellowoftheAustralianInstituteofCompanyDirectors.HeisamemberoftheCorporationsCommitteeoftheLawCouncilofAustralia,andtheInternationalBarAssociationandisadmittedtopractiselawinNSW,Victoria,theACTandWesternAustralia.EwenisalsoChairmanandDirectoroftheMissionAustraliaGroupandaDirectorofWorkingLinks(Employment)Ltd.

Jennifer HoyNON-EXECUTIVE DIRECTOR

JenniferHoywasappointedtotheFirstViolinsectionoftheSydneySymphonyin2001.HerformalqualificationsincludeaBachelorofMusicwithfirstclasshonoursfromtheSydneyConservatoriumandaMasterofMusicfromtheAustralianInstituteofMusic.Sheisindemandasateacher,adjudicatorandtutorfororganisationssuchastheAustralianYouthOrchestraandtheSydneyYouthOrchestra.InadditiontotheSydneySymphony,JenniferhastouredandperformedwiththeAustralianChamberOrchestra,DeutscheRadioPhilharmonieSaarbrückenandtheWestAustralian

SymphonyOrchestra,forwhichsheactedasAssistantConcertmasterduring2006.JenniferHoyhasservedontheExecutiveoftheSydneySymphonyMusiciansAssociationandtheSydneySymphony’sManagementCommittee.SheisalsoamemberoftheSydneyYouthOrchestra’sArtisticAdvisoryCouncil.

Stephen JohnsNON-EXECUTIVE DIRECTOR

StephenJohnshadalongcareerwithWestfieldwhereheheldanumberofpositionsincludingthatofFinanceDirectorfrom1985to2002.HewasappointedanexecutivedirectorofWestfieldHoldingsLimitedandWestfieldTrustin1985,andofWestfieldAmericaTrustuponitslistingin1996.Hebecameanon-executivedirectorofthethreeWestfieldboardsinOctober2003.Heiscurrentlyanon-executivedirectoroftheWestfieldGroup,whichresultedfromthemergerofthethreelistedentitiesinJuly2004.Hewasanon-executivedirectorofBramblesIndustriesLimitedandBramblesIndustriesPLCfromAugust2004toDecember2006,atwhichtimehebecameanon-executivedirectorofBramblesLimited,thenewholdingcompanyoftheBramblesgroupfollowingacorporatereorganisationwhichbecameeffectiveinDecember2006.StephenJohnsisChairmanofSparkInfrastructureGroup,whichwaslistedontheASXinDecember2005,andisaDirectorofLeightonHoldingsLimited.

Andrew KaldorNON-EXECUTIVE DIRECTOR

AndrewKaldoristhefounderandChiefExecutiveofagroupofprivatelyheldcompanies.Hehasbeenadirectorofanumberofpubliclylistedcompaniesandcommunityorganisations.HeholdsaBachelorofEconomics(Hons)degreefromtheUniversityofSydneyandanMBAfromWharton.AndrewKaldorhasbeeninvolvedinthecommissioningoffourworksbyAustraliancomposersfortheSydneySymphony:RossEdwards’SymphonyNo.2(EarthSpiritSongs),OboeConcerto(BirdSpiritDreaming),andSymphonyNo.5(The

PromisedLand);andGraemeKoehne’sTrumpetConcerto(HighArt).

Goetz RichterNON-EXECUTIVE DIRECTOR

ViolinistGoetzRichteriscurrentlyAssociateProfessorattheSydneyConservatorium.HewasborninHamburg,GermanyandcametoAustraliaasConcertmasteroftheQueenslandPhilharmonicOrchestrain1985.HewasappointedAssociateConcertmasteroftheSydneySymphonyOrchestrain1987andremainedinthatpositionuntil2002.HeperformsasarecitalistandchambermusicianaroundAustraliaandinternationallyandhasappearedasasoloistwithseveralAustralianorchestras.AssociateProfessorRichteralsoholdsaPhDinphilosophyfromtheUniversityofSydneyandpublishesandpresentspapersonthephilosophyofPlato,Nietzsche,musicandphilosophy.HisrecenttranslationofEugenFink’sNietzschesPhilosophiewaspublishedbyContinuumPress(2002)andhisbookSilentHarmonyandHiddenContemplationonthephilosophyofmusicispublishedbyVdMSaarbruecken(2008).

David Smithers AMNON-EXECUTIVE DIRECTOR

DavidSmithersisadirectoroftheRabobankAustraliaLimitedGroupofCompanies,theIESGroupandSydneyIVFLimited.HeisalsoadirectoroftheKirbyFoundationandtheCountryEducationFoundation.In2003heretiredfromPricewaterhouseCoopersafter30yearsasapartner,duringwhichtimehewasamemberofthePwCGlobalBoardandChairmanofPwCAustralia.HeisapastpresidentoftheInstituteofCharteredAccountants.

Gabrielle TrainorNON-EXECUTIVE DIRECTOR

GabrielleTrainorisalawyer,journalistandformerpublicsectorexecutivewhoconsultsinissuesmanagementandpublicaffairsforlargeorganisations,mainlytop20listed.SheisafoundingpartnerofJohnConnollyandPartners,aspecialistpublicaffairsandcommunicationsfirm.Shehasbeenanon-executivedirectorandhaschairedandheldpositionsontheboardsofpublic,private,

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The orchestra is in one of its most positive states for many years...SYDNEY MORNING HERALD 16.06.09

What anexcitingseasonithasbeeninmyfirstyearasyourPrincipalConductorandArtisticAdvisor.Ourshareddreamsandaspirationsfor2009wereallrealised,ayearfullofstimulatingprojects,involvingwonderfulconcertsinSydney,ourfirstinternationaltourtogetherandthecontinuationofourrecordingactivities.Myassociationwiththisgreatorchestradatesbacktothe1970sandfromtheverybeginningourshasbeenatruepartnership,andevermoreexcitingandmorefulfillingastimepasses.

TheyearstartedwithamagicalcombinationofMendelssohn’senchantingmusicandastagingofShakespeare’stimelessAMidsummerNight’sDream–theConcertHallcomingalivewithmusic,poetryanddrama–togetherwithplentyofcomedy.IwasthrilledtoconductworksduringtheseasonextendingfromDvorák,ShostakovichandMussorgsky’sPicturesatanExhibitioninmyownorchestration,tothemusicofAustralia’sleadingcomposer,aswecelebratedthe80thbirthdayofPeterSculthorpewithperformancesofhisKakadu,

onaprogramincludingworksbyBaxandWalton.Wonderfulmusic!AllperformedwithfireandpassionatecommitmentbytheSydneySymphonymusiciansandourguestperformers.

Myfirstseasonalsofeaturedourfourthcomposerfestivaltogether–thistimedevotedtomusicbySergeiProkofiev.Itwaswonderfultopresenttheseperformancesofmusicbyoneofthetwentiethcentury’sgreatcomposers,whosemusicrepresents,Isincerelybelieve,thegreatnessofthehumanspirit.

Internationaltouringisanimportantactivityforaworld-classorchestra,andwemadeahighlysuccessfultourtoChinaandMalaysiainOctober.WewereproudtobeambassadorsbothforAustraliaandforourgreatartform.ItwasathrillingexperienceformetoperformmusicbyElgar,ProkofievandRachmaninoffwithmyartisticfamilyandsoloistsBehzodAbduraimovandRachelCheung.TheenthusiasticresponsefromaudiencesinBeijing,Shanghai,Macau,HongKong,GuangzhouandKualaLumpurwasmostgratifying.

14-15ARTISTIC ADVISOR’S REPORT

Throughout2009,theOrchestrawelcomedbackmanywonderfulguestsfrompreviousseasonsandprojectingintothefuturewillalwaysendeavourtopresentthehighestlevelofartistryavailableontheworldstagetoitsaudiences.

IamdeeplyhonouredtobeapartofthisenormouslycommittedgroupofpeopleandIlookforwardwithjoyandexcitementtofutureseasonsandmanythrillingprojectswiththeSydneySymphony.

Vladimir Ashkenazy PrincipalConductorandArtisticAdvisorSydneySymphony

The Suite...demonstrated Ashkenazy’s brilliant capacity to energise the orchestra, keeping the tensile energy in the phrase right through to its culmination.SYDNEY MORNING HERALD 10.11.09

16-17ARTISTICREPORT

delayed,owingtotheinstrument’sadversereactiontoSydney’sextremedryweatheroverwinter,thisrecitalwasawarmlyreceivedadditiontoouractivity.

TheKaleidoscopeseriesfeaturedfourverydifferentprojects.TaikOzjoinedtheorchestraalongwithguestartistClaireEdwardesforapercussion-focusedconcertinFebruary.JamesMorrison,ArtisticAdvisoroftheseries,celebratedjazztrumpetwithLouisArmstronghits.FilmmusicauthorityFrankStrobelreturnedtoSydneybringinganewlyrestoredversionofthesilentclassicBattleshipPotemkin.AndjazzlegendDianneReevesbroughtanewprogramofsongsfromherlatestalbumWhenYouKnow.

Outdoorconcertsin2009wereunfortunatelycurtailedbytheweatheratbothSydneyOlympicParkandParramattaPark.However,ourSymphonyintheDomainconcert,inblisteringsummerheat,broughtlivingAustraliancomposerstotheearsof35,000people.RichardGillintroducedMatthewHindson,RossEdwardsandPaulStanhopetotheaudiencebeforeleadingtheorchestraintheirworks.TheSydneySymphonyalsocontributedtoabenefitconcertforvictimsoftheVictorianbushfiresandamemorialconcertforSydneyOperaHousearchitectJørnUtzon,andourregionaltouringactivityraisedfundsfordroughtrelief.

InMayVladimirAshkenazyconductedthemassiveBelshazzar’sFeastbyWilliamWalton,aswellashisownorchestrationofMussorgsky’sPicturesatanExhibition.FollowingahighlysuccessfultourtoAsia,theorchestraembarkeduponacomprehensivethree-weekfestivalofmusicbySergeiProkofiev.Aswithpreviousfestival-styleprojects,thiseventprovidedtheaudienceandourmusiciansalikewithaprivilegedopportunity:toexplorethemusicofoneofthe20thcentury’smostimportantcomposersinconsiderabledepth.Thefestivalwasanoutstandingsuccess.

World & Australian PremieresWorldPremieresCHRISTOPHER GORDONLightfallCommissionedfortheSydneySymphonybyRobertGay,CharlesBarran,EmilyChangandMrsWStening

PHIL JAMESONPebblesandStuff(orchestralversion)CommissionedfortheDiscoveryProgrambyArsMusicaAustralis.

DAVID PATERSONIntroductionandRondoCommissionedfortheDiscoveryProgrambyArsMusicaAustralis.

AustralianPremieresDMITRI SHOSTAKOVICHBattleshipPotemkin(Strobelarrangement)

Commercial ActivityIn2009theSydneySymphony’scommercialactivityencompassed‘self-presented’concerts,eventswheretheOrchestrawasengagedbyanotherpresenter,andcollaborationswiththirdpartiessuchastheSydneyFestival.RobertaFlack,AirSupplyandTheWhitlamsappearedwiththeSydneySymphony,asdidKiriTeKanawainspecialgalaappearances.TheOrchestraalsoperformedthreetributeprograms:TheBestoftheWestEnd,ClassicalMysteryTourandaspecialStarTrekprojectdevisedcompletelyin-house.ThesewereallhighlysuccessfulcommercialendeavoursfortheOrchestra.

withcellistAlbanGerhardt.SimoneYoungconductedStrauss’EinHeldenlebeninaconcertwhichalsosawthereturnofCédricTiberghienperformingBartók’sSecondPianoConcerto.

StephenHough,Han-NaChang,GautierCapuçonandViktoriaMullovawereamongthemanyotheroutstandinginternationalsoloiststoperformwiththeSydneySymphonyin2009.ThebestAustralianartistsalsoappearedonstagewiththeOrchestra:AmeliaFarrugia,SaraMacliver,PeterColeman-Wright,AlexanderGavrylyuk,JohnBellandJacquelinePorter,tonamejustafew.

Inthe2009seasontheinclusionoftheveryhighest-profileartistsintheMeettheMusicandTeaandSymphonyserieswasparticularlysatisfying.Intheformertheyperformedtoenthusiasticaudiencesofhighschoolmusicstudents,andinthelatter,toourlongest-standingsubscribers.VladimirAshkenazy,SimoneYoung,RichardGillandtheStThomasBoys’ChoirfromLeipzigappearedinbothseries.TheTeaandSymphonyseriesalsoincludedanorganrecitalbyDavidDrury,markingthe30thanniversaryoftheConcertHall’sgrandorgan.Althoughtheconcerthadtobe

The Year Reviewed

Inits77thseasontheSydneySymphonyengagedanewPrincipalConductorandArtisticAdvisor,withaworldwidereputationasoneofthegreatmusiciansofourtime.VladimirAshkenazyimprintedhisownuniquestyleontheseasonfromhisveryfirstproject,AMidsummerNight’sDream,andineachofhisperiodswiththeorchestraheincorporatedasimilarmarriageofwordsandmusicinhisprograms,alongsidethepurelyorchestral.Thisyearofintenseactivitysawtheorchestraconsolidatetheflexibilityofstyleandapproachforwhichitisnowrenowned–atraitwhichcontinuestoservetheSydneySymphonyinthefulldiversityofmusicwhichitperforms.

Mainstage PerformancesTwomajormusicalanniversariesweremarkedworldwidein2009;itwas200yearssincethedeathofJosephHaydnandthebirthofFelixMendelssohn.Ourseasonmarkedbotheventswithconcertprojectsthrougheachconcertseries.MendelssohnwascelebratedinanambitiousorchestralproductionofAMidsummerNight’sDream,directedbyTimCarrollanddesignedbyJennyTiramani.TheStThomasBoys’ChoirfromLeipzig,whosedirectmusicallineagereachesbacktobothMendelssohnandJSBachhimself,openedourMeettheMusicseries.ViolinistIsabelleFaustgavearadiantaccountoftheMendelssohnViolinConcerto,andourplayerspresentedtheMendelssohnOctetintheMozartintheCityseries.

MeanwhileHaydnreceivedsignalperformancesbyYannickNézet-Séguinofthe‘Military’Symphony,No.100.HiskeyboardmusicwasgivenarevelatoryreadingbyGeoffreyLancaster,inourInternationalPianistsinRecitalseries,ontwofortepianos.Andtofinishofftheseason,theorchestrawasjoinedbyHaydnexpertMartinHaselböckandasuperbcastofsingersforhischoralmasterwork,TheCreation.Theseanniversaryeventsareameansofextendingthelinksbetweendifferentconcertseries,andofferalternativepathsforconcertgoerstotracethroughouttheseason.

2009sawseveraltwo-weekperiodswithguestconductors–deepeningourrelationshipswiththoseartistsandexploringdifferentaspectsoftheirpreferredrepertoire.DouglasBoydbroughtrefinementandclaritytohisprogramsofBeethoven,HaydnandBartók,incollaborationwithpianistPaulLewis.AmericanHughWolffalsoconductedBeethoven,andgavethrillingperformancesofWalton’sfirstsymphony,alongsideworksbyTchaikovskyandBerlioz.AndYannickNézet-Séguin’sfortnightwiththeorchestrafeaturedsternShostakovich,playfulSaint-Saëns,andmonumentalBruckner–thisperiodwasaparticularlyexcellentcollaboration.

DonaldRunniclesreturnedtoSydneyaftermanyyears,togivememorableperformancesofStrauss’largesttonepoem,Symphoniadomestica;JohnNelsonalsoreturnedtoSydneyfollowingaprotractedabsence,performinganall-Frenchprogram

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New MediaTheSydneySymphonyisactivelypursuingopportunitiesthroughnewmediaanddigitaldistributionofitsperformancesviawebcastsinconjunctionwithTelstraBigPondandtheABC.Withover200liveperformancesayear,andongoingrecordingpartnerships,the2009digitalnetworkrolloutpresentstheSydneySymphonywithincreasedopportunitiestodistributeourcontenttogrowingnumbersofnewaudiencemembers,increasinginteractiveonlineparticipationwithaudiencesasanaturalprogression.

Regional and Community ProgramsTheSydneySymphonyiscommittedtocontinuingitsstrongongoingpresenceincommunitiesintheSydneymetropolitanareaandregionalNewSouthWales.In2009,thisprogramofactivitiesincluded:

• CanberraandRiverinaSydneySymphonyTour:ConcertsinCanberra,AlburyandWagga

• RegionalSydneySymphonychamberorchestraperformances:ConcertsinGriffith,NewcastleandPenrith

• SydneySinfoniaTourinregionalNewSouthWales:ConcertsinBatemansBay,NowraandWollongong

• PlayerlinkRegionalactivity:WorkshopactivitiesandconcertinOrange

• SydneySinfoniaDiscoveryRunoutConcerts:ConcertsinBlacktownandSpringwood

SydneySymphonyandSydneySinfoniaplanningfor2010willincludeacontinuationofthe2009leveloftouringandcommunityprograms.

2009 RecordingsTheSydneySymphony’sownlabelreleasedRareRachmaninoffin2009,aselectionofhisearlychamberworksfeaturingtheGoldnerQuartet,sopranoJoanRodgers,DeneOlding,andVladimirAshkenazy.ItisespeciallysatisfyingthatSydneySymphonyLivemadeitsfirstreleaseofpianomusic,includingaworldpremiererecordingoftheRomanceinAminor,featuringAshkenazyasaperformer.“(Dene)Olding’splayingisparticularlycompellingandcapturesRachmaninoff’sopulentlyricismperfectly.”(Limelight,November2009).

In2009theSydneySymphonyappearedonnumerousinternationalrecordingreleases,andcontinuedanactivescheduleofrecordingprojectswhichwillappearinthenearfuture.TheElgarFestival,performedinlate2008,wasrecordedbytheExton/Octaviarecordlabel,whichhasnowreleasedthreeCDs(SymphonyNo.1;SymphonyNo.2;andEnigmaVariationsandIntheSouth)forindividualsale.“Theseareabsolutelysuperbrecordings…Throughout,theSydneySymphonyplaywithexceptionalrefinement.”(TheAustralian,02/01/10).

ThefourprogramsoftheProkofievFestivalinlate2009werealsorecordedbyExton/Octaviaforfuturerelease–acomprehensivestudyofProkofiev’sorchestraloutputwhichwillbeanimportantdocumentofthisfestivalproject.Inaddition,arecordingofthecomposer’sentire

RomeoandJulietballetmusicwasbegunandwillbecompletedinlate2010/early2011,scheduledforreleaseontheSydneySymphonyLivelabelinAustralasia,EuropeandtheUSAin2011.

MarkWigglesworth’sBrittenandVaughanWilliamsprogramwasdocumentedbyMelbaRecordingsinSeptember2009.ThisprogramalsofeaturedsolosbySydneySymphonyprincipalplayers,MichaelDauthandRogerBenedict,andisprojectedforreleasein2010.PieterWispelwey’s2007performanceoftheWaltonCelloConcerto,conductedbyJeffreyTate,wasreleasedontheOnyxLabelin2009:“Thisconcertperformance…isaliveateverypointandhasanexcellentorchestralcontribution(theplayingoftheprincipaloboistisalustrousphenomenon).”(BBCMusic,June2009).

InDecember2009,theSydneySymphonyspenttwodaysinstudiorecordingsessionsforABCClassicsofBritten’sYoungPerson’sGuidetotheOrchestraandRavel’sMotherGooseBalletSuite,conductedbyAustralianBenjaminNorthey.

Atthecloseof2009,theCompanysuccessfullycompletednegotiationstosecurethedocumentationonaudiorecordingsoftheSydneySymphony’sMahlerOdysseyperformancesduring2010and2011.TobeconductedbyPrincipalConductorandArtisticAdvisorVladimirAshkenazy,thisprojectwillinvolveExton/Octaviaasthetechnicalrecordingproducer,

withtherecordingreleasestobeissuedinAustralasia,EuropeandtheUSAontheSydneySymphonyLivelabelandinJapanandAsiaonExton/Octavia.

Throughout2009,theCompanyenjoyedbroadglobalmediacoverageofitsrecordingactivity,withexcellentcriticalreviewsofeachnewreleaseappearinginsuchmajorinternationalmusicjournalsasGramophoneandBBCMusicMagazine,aswellasexcellentnationalcoverageinLimelightmagazineandlocalandnationalAustraliannewspapers.

Broadcasting – AustraliaTheSydneySymphony’scollaborationwiththeABCcontinuestoyieldgreatbenefitstobothorganisations.ThemajorityofourconcertprogramsarebroadcastnationallyonABCClassicFM.

TheDiscoveryProgramserieswithRichardGillwasbroadcastonABCRadioNational,andvisitingartistsregularlyappearedonTheMusicShowforin-depthinterviewswithAndrewFord.

ABCTValsobroadcastanhour-longprogramaspartoftheirSundayafternoonartsschedule(ABC1andABC2):AshkenazyConductsRachmaninoff.OnNewYear’sEve,ABC1airedthe90-minuteshowHumanNatureandtheSydneySymphony.TheABCTVAsianarm,AustraliaNetwork,broadcastfourSydneySymphonyconcerts:MorrisonPlaysSchifrin,Bang!Drums&Guns,Saint-SaënsOrganSymphonyandAshkenazyPlaysRachmaninoff.

Broadcasting – The WorldIn2009,fourSydneySymphonyperformanceswereofferedforbroadcasttoEuropeanBroadcastingUnionmembers.Asaresult,32broadcastsofSydneySymphonyperformanceswereheardinEuropeduringtheyear.

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These are absolutely superb recordings…Throughout, the Sydney Symphony play with exceptional refinement.THE AUSTRALIAN 02.01.10

ARTISTS & REPERTOIRECOMPOSERS AND WORKSJC BachSymphony in G minor, Op.6 No.6

JS BachSinget dem Herrn – Motet, BWV 225Der Geist hilft unser Schwachheit auf – Motet, BWV 226Toccata and Fugue in F for organ, BWV 540

BartókPiano Concerto No.2Viola Concerto (Serly completion)Music for Strings, Percussion and Celesta

BaxTintagel

BeethovenPiano Concerto No.1 in C, Op.15Piano Concerto No.2 in B flat, Op.19Romance No.2 in F for violin and orchestra, Op.50 Symphony No.2 in D, Op.36Symphony No.6 in F, Op.68, PastoralPiano Sonata in E flat, Op.81a (Les Adieux)Six Variations for piano, Op.34 Fidelio: Overture

BerliozRoman Carnival – Overture

BizetSymphony in C

BorodinPetite Suite for piano

BrahmsViolin Concerto in D, Op.77Symphony No.3 in F, Op.90Variations on a Theme of Haydn, Op.56a

Britten Sinfonia da requiem

BrucknerSymphony No.3 (1873 version)

Cleworth*…the peals of thunder

DebussyLa MerPrelude to the Afternoon of a Faun

DupréCrucifixion from Passion Symphony, Op.23

DvorákViolin Concerto in A minorCello Concerto in B minorSymphony No.8

ElgarIn the South (Alassio) – Overture

GlazunovPiano Sonata No.1

Gordon*Lightfall for horn and orchestra premiere

Grainger*Handel in the Strand

HandelRinaldo: OvertureRinaldo: ‘Lascia ch’io pianga’Rinaldo: ‘Molto voglio, molto spero’Rinaldo: ‘Vo’ far guerra’Samson: OvertureSamson: ‘Let the bright seraphim’Solomon: Arrival of the Queen of ShebaConcerto grosso, Op.6 No.3

HaydnThe Creation (sung in English)Symphony No.22 in E flat (The Philosopher)Symphony No.44 in E minor (Mourning)Symphony No.67 in FSymphony No.100 in G (Military)Symphony No.104 in D (London): 1st movementKeyboard Sonata No.31 in A flat, Hob.XVI:46Keyboard Sonata No.37 in E, Hob.XVI:22Keyboard Sonata No.49 in C sharp minor, Hob.XVI:36Keyboard Sonata No.58 in C, Hob.XVI:48Keyboard Sonata No.59 in E flat, Hob.XVI:49

Hilgendorf*Circle Dance

IkegawaMusic for taiko ensemble

IshiiMono-PrismJo for orchestra

Jameson*Pebbles and Stuff (premiere)

JanácekSonata 1.X.1905: From the Street

JongenCantabile from Four Pieces for Organ, Op.37

LisztYears of Pilgrimage: Book III

MendelssohnA Midsummer Night’s Dream – Overture and complete incidental music with an abridged presentation of Shakespeare’s playPsalm 42 (Wie der Hirsch schreit), Op.42Psalm 43 (Richte mich, Gott), Op.78 No.2Psalm 91 (Denn er hat seinen Engeln)Psalm 98 (Singet dem Herrn), Op.91The Hebrides, Op.26 (Fingal’s Cave)Violin Concerto in E minor, Op.64Symphony No.4, Italian: SaltarelloOctet in E flat for strings, Op.20

MozartIdomeneo: Overture and ballet musicMitridate: OvertureThe Magic Flute: ‘Ach, ich fühl’s’‘Alcandro, lo confesso…Non so d’onde viene’, K294‘Vorrei spiegarvi, oh Dio’, K418Minuets from K585: Nos.2, 3, 11 & 12Piano Concerto No.11 in F, K413Piano Concerto No.14 in E flat, K449Sinfonia concertante in E flat for winds, K297b

MussorgskyPictures at an Exhibition (orch. Ashkenazy)

OrffCarmina Burana

Paterson*Introduction and Rondo premiere

ProkofievThe Love for Three Oranges: MarchLieutenant Kijé: SuitePeter and the Wolf The Ugly DucklingRomeo and Juliet: SuitePiano Concerto No.1Piano Concerto No.3Piano Concerto No.5Violin Concerto No.1Violin Concerto No.2Classical Symphony Symphony No.5Symphony No.6Symphony No.7

Saint-SaënsCello Concerto No.1Symphony No.3 (Organ Symphony)

SchubertAlfonso und Estrella: Overture16 German Dances, D783Moments Musicaux, D780Piano Sonata in G, D894Piano Sonata in C minor, D958

SchumannKreisleriana, Op.16

Sculthorpe*KakaduSmall Town

ShostakovichBattleship Potemkin (edited Strobel) Australian PremiereViolin Concerto No.1Cello Concerto No.1Symphony No.10

R StraussEin Heldenleben (A Hero’s Life)Symphonia domestica

TakemitsuGitimalya

Telemann Jauchzet dem Herrn alle Welt (after JS Bach)

TchaikovskyPiano Concerto No.2 in G (original version)

TraditionalTribute to Miyaki (arr. TaikOz)

Vaughan WilliamsFlos campi (Flower of the Field)The Lark AscendingSerenade to Music

WaltonBelshazzar’s FeastSymphony No.1

WidorOrgan Symphony No.6 in G minor

* Denotes an Australian composer

20-21

Featuring in Self-Presented Mainstage Concerts

CONDUCTORS

Vladimir AshkenazyGeorg Christoph BillerDouglas BoydMatthew Coorey*Michael Dauth, violin/director†Richard Gill*Martin HaselböckJohn NelsonYannick Nézet-SéguinGuy Noble*Benjamin Northey*Ryusuke NumajiriDonald RunniclesFrank StrobelMarc TaddeiArvo VolmerMark WigglesworthHugh WolffSimone Young*Thomas Zehetmair

SOLOISTS

Boris Belkin, violinJohn Bell, narrator*Roger Benedict, viola†Jonathan Biss, pianoFlorian Boesch, baritoneGautier Capuçon, celloHan-Na Chang, celloPeter Coleman-Wright, baritone*Imogen Cooper, pianoMichael Dauth, violin†Lawrence Dobell, clarinet†Steve Davislim, tenor*David Drury, organ*Malcolm Ede, bass-baritone*Claire Edwardes, percussion*Deirdre Elliott, mezzo-soprano*Amir Farid, pianoIsabelle Faust, violinAlexander Gavrylyuk, pianoAlban Gerhardt, celloStephen Hough, pianoBen Jacks, horn†Janine Jansen, violinRobert Johnson, horn†Ruth Killius, violaGeoffrey Lancaster, fortepiano*Paul Lewis, pianoSara Macliver, soprano*Penelope Mills, soprano*James Morrison, jazz trumpet*Viktoria Mullova, violinSian Pendry, mezzo-soprano*Shefali Pryor, oboe†Dianne Reeves, vocalsSasha Rozhdestvensky, violinSam Sakker, tenor*Cédric Tiberghien, pianoKatherine Wiles, sopranoMatthew Wilkie, bassoon†

† Denotes a Sydney Symphony musician* Denotes an Australian artist

CHOIRS AND ENSEMBLESCantillationSt Thomas Boys’ Choir, LeipzigSydney Children’s ChoirSydney Philharmonia ChoirsSydney Symphony Brass EnsembleTaikOz

The Sydney Symphony’s account of The Creation was one of its finest performances of the year: fresh, vigorous, joyful and life affirming...THE AUSTRALIAN 11.12.09

22-23AUDIENCE DEVELOPMENT

generatedonaverage122salespermonthornearly1,500fortheyear,sinceitslaunchatthebeginningof2009.Wealsofoundnewwaystoevolvedigitaldisplayadvertisingwithresults:numberofbrowsers,andclick-throughpercentages,bothpleasingandrevealingofpotential.Bytheendof2009weareoftheopinionthatthisdifficultandhithertounreliablechannelmightfinallybeshowingsignsoftraction.

Vitality in a Changing MarketWiththechangingmarketconditionsandincreasedcompetitionforaudience,theSydneySymphonyused2009asanopportunitytorestructureandprepareforthefuture.Allkeycomponentsofhowwemarketandpromoteconcertticketswerereviewedaswesoughttounderstandaudienceinterestsanddemand.Aresultofthiswasagreateremphasisondirectmarketingandcreatingticketpackagesthatofferticketstogetherwithadditionalexperience-relatedvalue,forexampledinnerandaconcert.Suchpromotionswereverysuccessfulinacontractingmarketplace,aswereinducementstopersuadelong-timelapsedticketbuyerstorenewtheirinterest.Examplesinclude:• Developingnewrelationshipswithfoodand

beveragepartnersinthelocalprecinctthatwerereflectedinpackageoffers.

• Lowsingleticketintroductoryaccesspricestoengagenewaudiences,orre-engagethemostdistantsingleticketbuyers.

• Developmentofpost-concertcustomerfeedbacksurveystogaugeaudiencesatisfaction.

• IntroductionofatouristtourplusconcertticketincentiveprogramattheSydneyOperaHouse.

Audience EducationPre-Concert TalksTheSydneySymphonyisdedicatedtoenrichingtheconcert-goingexperienceandeducatingitsaudiences.Since1983,theOrchestrahaspresentedfreepre-concerttalksbeforesubscriptionconcerts.ItwasthefirstpresenterinAustraliatodoso,therebysettingastandardforconcertpresenterstotheextentthatveryfewclassicalconcertsinSydneyorothercapitalcitiesarenowofferedwithoutanaccompanyingpre-concerttalk.

Thepre-concerttalksareheldbeforeallsubscriptionperformancesandgalaevents,withtheexceptionoftheDiscoveryandTea&Symphonyseries.TheyarepresentedbyarangeofspeakersdrawnfromtheranksoftheOrchestra’sadministrativestaffandmusiciansaswellasthewidercommunityofmusicexpertsandprofessionalspeakers.Onoccasionacomposer,conductororsoloistwillpresentthepre-concerttalk.

Free Program BooksProgrambooksareanimportantandvitalwayofinformingandeducatingconcertaudiences,providingnotonlythe‘orderofevents’butauthoritativeandengagingarticlesaboutthemusicanditscontext.

In2007theSydneySymphonybeganofferingfreeprogrambooksatallsubscriptionconcerts.(Souvenirprogrambookscontinuedtobesoldatselectedeventsincollaborationwithcommercialproducers.)Inaddition,allprogrambooksweremadeavailablefordownloadintheweekoftheconcert,enablingpatronstoreadaboutthemusicandtheperformersbeforearrivingattheperformance.Insomecasesprogramsaredownloadedbypatronsnotattendingtheconcertandreadwhen,forexample,listeningtotheOrchestra’sradiobroadcasts.TheSydneySymphonycontinuedtoprovidefreeprogrambooksanddownloadsin2009.

Someexamplesofspecialmarketinginitiativesfollow:

Social MediaFollowingthedevelopmentofacomprehensivedigitalstrategywhichmadevariousrecommendations,keyamongthemtheexploitationofsocialmedia,aFacebookpagewaslaunched.Bytheendof2009wehadreachedaround900fansandgrowingsteadily.ATwitteraccount(@ss_notes)wasalsoestablished.

Small Series RevivalIn2009ourpreviouslystrugglingMozartintheCityconcertswereinneedofsomerevivaltactics.Inadditiontosubscriberincentivestoaddthispackagetotheirexistingseries,wecreatedspecialsingleticketpackagesforthegeneralmarket.Thesecombinedaconcertticketwithamartini,orcheeseandwine,andevenamassageclosetotheconcertvenue.TheresponsefromyoungandnewaudienceswaspromisingandpaidoccupancytotheMozartseriesoverallincreasedbymorethan20%.

Non-Traditional Audience ReachFortwoperformancesofCarminaBuranawepartneredwithradio2GB,andbuiltanadvertorialpartnershipwithapopularAMtalkbackradiohost.Ourgoalwastopresentclassicalmusicasexciting,accessibleandnon-threateningtoanewaudience.Wesucceeded,asourboxofficereportedabigsurgeincallsforticketslinkedtothispromotion,allfrompatronsnewtoourdatabase.

A New WebsiteInAugustwelaunchedanewwebsitewithnewfunctionalityforaudiencestoselecttheirownseat.Additionally,anupgradedcontentmanagerandthereadycapabilitytoquicklyandeasilyaddmultimedia,willgreatlyassistwiththeresultsofthischannel. Resultsshowsingleticketsalesonlinewereup40%inthe4thquarter.

Digital AdvertisingIn2009weexploredahighlytargetedandmetricsbasedapproachtodigitaladvertisingforsingleticketsales.GoogleAdwords,thesearch-basedsalestool,

Concert Audience and Attendance

In2009theSydneySymphonyachievedactualaudiencenumbersforallclassicaleventsapproximatingthosereachedin2008.Totalaudienceforpaidconcertperformancesof186,392(187,456in2008),whileslightlylowerintheaggregate,actuallyincreasedinrelationtothenumberofeventsandconcertsonofferby4%,or6,434ticketssoldacrossaseasonof96events.Totaloccupancyalsoimprovedby5%(upfrom93%in2008)andthetotalnumberofsubscriptionseatssoldaspartofapackagegrewto59%acrossallevents.In2009thecompanycontinuedtoreorganisemanyfacetsofitsmarketingprogramandmanyofthekeybusinessfunctionswithinthemarketing,salesandticketingoperations.SuchimprovementsplaceuswelltotakeadvantageofthesignificantopportunitiesaffordedtousbyVladimirAshkenazy.Aprimaryfocusremainsincreasingsubscriptionaudiencenumbersasapercentageoftotalticketssoldwhilemaximisingeventrevenueyieldsandoccupancy.

Market DevelopmentTheSydneySymphonyservesavarietyofconcertaudienceconstituencies,fromlong-termloyalaudiences,whoattend9to12timeseachyear,tocasualuserswhomaycomejustonceortwiceayearbywayofsingleticketpurchase,toprospectswhohaveshowninterest,buthaveyettomaketheirfirstoutingtoaSydneySymphonyconcert.Knowledgeandexpectationscanvarytremendouslybetweenandwithintheselevelsofparticipation,ascanthemotivatingfactorsofattendanceandengagement.Throughout2009oureffortswerefocusedonrecognisingandbetterunderstandingthebehaviouralcharacteristicsandmotivationaldriversofeachgroupandrespondingwithproducts,promotionsandopportunitiesthatmettheneedsandexpectationsofthekeysegments.

Forprospectsourobjectivein2009wastoincreasethelikelihoodofafirst-timevisit.Foroccasionalsingleticketbuyersourobjectivewastoencouragerepeatattendanceandeventualsubscriptionpackagepurchase.Andforloyalsubscribersitwasaboutrecognisingloyaltyandimprovingappreciationefforts.

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24-25EDUCATION PROGRAM

InadditiontoperformingtheDiscoveryseriesandschoolsconcertsforspecificagegroupsbothinSydneyandontourinregionalcentres,theSinfoniahadtheopportunityin2009toworkwithvisitinginternationalconductorYannickNézet-Séguininaworkshoponorchestralrepertoire.

TheSinfoniahasprovidedavaluablepathwayforemergingprofessionals,andhasbecomeabridgebetweenstudyandwork.Sinceitsinceptionin1996,over400studentshavebeenapartoftheSydneySinfoniaorchestra,withtwelvemusiciansappointedtotrialwiththeSydneySymphony,nineofwhomhavebeenappointedaspermanent.ManymorehavebeenappointedtocontractpositionsintheSydneySymphony,andastrongpathwaytoprofessionalworkhasbeenestablishednationally,withthemajorityofAustralianpermanentpositions,contractsandcasualplayerssourcedfromSinfoniaandFellowshipalumni.

Furthertothis,therehavebeenatleasteightpermanentappointmentstooverseasorchestras,includingtheConcertgebouwOrchestraAmsterdamandtheBerlinPhilharmonic(PrincipalDoubleBass).

THE FELLOWSHIP PROGRAMSinceitsinceptionin2001theSydneySymphonyFellowshipprogramhasgrownintotheleadingtrainingprogramofitskindinAustralasiaandisrapidlygaininginternationalrecognition.Theprogramisdedicatedtothefinalstagesoftrainingformusiciansofthefuture,andaFellowshipwiththeSydneySymphonyprovidesaccesstothenation’sbestorchestralmentors,establishedconductorsandmasterclasseswiththefinestinternationalartists.

Throughanintensiveone-yearfull-timefellowshipintegratingchambermusic,mentoredorchestralplayingandspeciallydesignedworkshops,theprogramoffersavitalsteppingstonefromstudytowork,preparingmusiciansasthoroughlyaspossiblefortheirfuturecareers.

Chambermusicisavitalpartoftheprogram,withtheFellowspresentingarangeofperformancestomorethan2,000people,inthecity,outer-metropolitanvenuesandregionalareasincludingGoulburn,BerryandTamworth.LedbyFellowshipArtisticDirectorandPrincipalViolaRogerBenedict,

theensemblebenefittedfrommasterclasseswithAnthonyMarwood,AlbanGerhardt,theTokyoQuartet,GautierCapuçonandmembersoftheLondonPhilharmonicOrchestra.

ThroughthegeneroussupportofSydneySymphonypatrons,eachFellowreceivedastipendof$14,000in2009.

PLAYERLINKPlayerlinkisathree-dayintensiveworkshopheldannuallyinregionalNSWformusicstudentsaged8–18.Since1994,ateamof14musiciansfromtheSydneySymphonyhastravelledthroughoutthestatesharingtheirenthusiasmfortheirartform.DirectedbyColinPiper,theteamworkswitharegionalcentretoconnectwiththemusiceducationcommunity.Togethertheyformanorchestraofstudentsfromsurroundingareas,andleadthemthroughfullorchestralrehearsals,sectionalworkshopsandsmallgrouptutorials.Mostimportantly,theyreceivementoringfromSydneySymphonymusiciansandperforminafullorchestra,whichformanyistheirfirstsuchexperience.

Seventy-sixstudentsandteachersconvergedontheOrangeRegionalConservatoriuminearlySeptemberforour2009Playerlinkproject,andtheresultswereimpressive.ThestudentshailedfromallpointsoftheCentralWest,Tablelands,BlueMountains,ArmidaleandYoung,plussometravellingfromfurtherafieldthroughoutgreaterNSW.

In2009thePlayerlinkworkshopwaspresentedinpartnershipwiththeOrangeRegionalConservatorium.

SINFONIETTA PROJECTTheSydneySymphonySinfoniettaProjectaimstodevelopanewgenerationofAustraliancomposers.Throughanonlineinteractivewebsite,studentsareabletoregister,downloadresources,arrangeavirtualorchestraandexperimentwithorchestralsound,andwatchvideofootagefrompreviousyears’projects.StudentcomposersfromacrossAustraliasubmittedworkstothecompositioncompetitionandfourwereselectedfortheSinfoniettaworkshopandperformances.SeveralofthesestudentshadparticipatedintheSinfoniettaprojectpreviously,demonstratingacontinuingdevelopmentoftheirtalents.

Artist Development ProgramIdentifying, nurturing and developing future professional orchestral musicians and composers.

SYDNEY SINFONIATheSydneySinfoniahasdevelopedatraditionoftrainingyoungorchestralmusicians,andacultureofmentoringamongstthemusiciansoftheSydneySymphony.For15yearsnow,theSydneySinfoniatrainingandmentoringorchestrahasgivenoutstandingemergingprofessionalsinvaluableexperienceworkingalongsideaccomplishedmusiciansaspartofaperformingorchestra.Manyformermembershaveachievedpositionsinprofessionalorchestrasaroundtheworld,andtheSydneySinfoniaisprovingtobeanimportantstepinthetransitionfromstudenttoprofessionalmusician.

“Musicistaughtbecauseitisgood.Weteachmusicsowecancomposemusic;makeourownmusic.Welistentothemusicofmanycomposersandtomanydifferenttypesofmusicsothatwecantrytounderstandhowsoundworks,howinstrumentswork,howvoicesworkandhowmusicevolves.Wesingandlearnmusicalinstrumentssothatthemusicwewriteandthemusicofotherscanbebroughttolife.”Richard Gill,ArtisticDirector|SydneySymphonyEducationProgram

The Sydney Symphony,throughitsEducationProgramledbyacclaimededucatorandmusicianRichardGill,workswithAustralia’sleadingmusiciansandmusicteacherstocreatethenation’smostinnovativeeducationprograms.

TheEducationProgram’sgoalistoeducate,inspireandencouragepeopleofallagesintheenjoymentandplayingofmusic.Itachievesthisthroughtwomainareas:

Artist Development–developingthepreparationandperformancetechniquesoffutureprofessionalorchestralmusicians,includingthedevelopmentandsupportofAustraliancomposers;and

Education–enhancingthemusicalunderstandingandappreciationofallpeopleinNSW,andinparticularyoungpeople.

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SYDNEY SINFONIA REGIONAL TOURIn2009theSydneySinfoniapresentednineschoolsconcertsinBatemansBay,NowraandWollongong.Threeconcertswerepresentedineachcentre,forKindergartentoYear2,Years3to6andSecondarylevelsrespectively,andwealsopresentedworkshopsforHSCstudentsinthehostschools.AsignificantnumberofPSFPschoolsreceivedfreeteacherresourcematerialandattendedtheseperformances,throughthetravelsubsidyprovidedbytheArtsNSWConnectEdfunding.

Australian MusicThe Sydney Symphony Education Program actively showcases new works and particularly those by Australian composers. In 2009, this included the following works:

Meet the Music GORDONLightfallforhornandorchestra(premiere)SCULTHORPEKakadu

Schools concertsIn2009,themusicofAustraliancomposerELENA KATS-CHERNINwasexploredinallconcerts.

FellowshipHINDSONOctet*CompositionprojectwithUniversityofSydneyseniorcompositionstudents

DiscoveryJAMESONPebblesandStuff(premiere)*SCULTHORPESmallTownPATERSONIntroductionandRondo

*Supported by Ars Musica Australis

As always I am tremendously impressed and honoured by the commitment that you and the Sydney Symphony Education team put into caring for Australian music and Australian composers. Assoc. Prof. Matthew Hindson

DISCOVERY PROGRAMTheDiscoveryprogram,ledbyRichardGillandperformedbytheSydneySinfonia,providesalively,entertainingandinformativeblendofconcertandillustratedlecture,predominantlyforouradultsubscribersandsingleticketbuyers.Fourprogramswerepresentedin2009,eachfocussingonadifferentcomposertobefeaturedinanupcomingmainstageperformance:Haydn,Handel,MendelssohnandProkofiev.Alongsidethesecomposers,DiscoveryaudiencesheardayoungcomposerfromourSinfoniettaproject,PhilJameson,inthepremiereofPebblesandStuff.

TheDiscoveryprogramispresentedatCityRecitalHallAngelPlace,andin2009wasalsoperformedinBlacktown,inpartnershipwiththeBlacktownArtsCentreandBlacktownCityCouncil,andinSpringwoodthroughtheBlueMountainsConcertSociety.

AllthestudentcompositionsusedselectedariasfromMozart’sTheMarriageofFigaroastheirfoundationmodel.Forthefirsttime,thestudentcomposerswereinvitedtocomposeforvoice,towriteasongthatusedallaspectsofthemusictoconveythemeaningofthetextandtoprovideaninsightintothefeelingsofthecharacter.

TheSydneySymphonySinfoniettaensembleconsistedoftenyoungelitemusicians,chosenfromtheSydneySymphonyFellowshipandSinfoniaensembles.TwoSydneySymphonymusiciansmentoredtheensemble.Thisinvolvedofferingadviceandconstructivecriticismduringrehearsalsandafterperformances,bothwithintheirallocatedsectionandtotheensembleasawhole.Specificfeedbackwasgivenonthemodelwork(Mozart),togetherwithadviceonperformancetechniquesforthestudentworks.Thementorsperformedtheirroleswithenthusiasmandtheirgenerosityandexpertisewerevaluedhighly.

TheSydneySymphonySinfoniettaprojectissupportedbyindividualdonors.

Education ProgramEnhancing the musical understanding and appreciation of all people in NSW.

SCHOOLS CONCERTSTheSydneySymphonyhasdesignedschoolperformancestomatchthedevelopmentofknowledgeandskillsatinfants,primaryandsecondarylevels.Presentedbyarangeofexperiencedconductorsandmusiceducators,andfeaturingtheSydneySinfonia,theseconcertsencourageeachmemberoftheaudiencetoengagewiththemusicthroughmovement,singingandlisteningactivities.Studentsareevengiventheopportunitytoconducttheorchestraandplayinstruments,whilelearningabouttheorchestralinstrumentsandhowtheywork.Aspartofhistraining,AssistantConductorNicholasCarterledanumberoftheschoolsconcerts,presentingthemusictoawiderangeofaudienceagesundertheguidanceofArtisticDirectorRichardGill.

ProfessionaldevelopmentteacherseminarsarerunbytheSydneySymphonyforallparticipatingschools.Teachersreceive

kitswrittenbyleadingeducatorsfeaturinginformationoncomposersandtheirmusic,dynamicteachingactivitiesandcustomisedCDrecordingsofthemusicplayedattheconcerts.

In2009,alargefinancialgrantfromtheArtsNSWConnectEdprogramprovideddisadvantagedschoolsassistancewithtransportcosts.Thisenabledmorethan2,416studentsfromPrioritySchoolsFundingProgram(PSFP)schoolstoattendourEducationProgramperformancesandprovidedPSFPschoolswithaccesstoteachingresourcesatnocost.ThroughpartnershipswithTheSongRoomandtheAustralianChildren’sMusicFoundation,accessfordisadvantagedschoolswasgreatlyenhanced.

AnewinitiativeoccurredinDecemberwhenwealignedaschools-specificconcertwithoneofthecommercialperformancesandpresentedTheWhitlamsMeettheOrchestra.ConductedandpresentedbyBenjaminNortheyandTheWhitlam’sfrontmanTimFreedman,thisconcertwasattendedbyabout1,800schoolchildren,almosthalfofwhomhadneverattendedaSydneySymphonyconcertbefore.

MEET THE MUSICMeettheMusiccontinuestoprovideanunrivalledmainstageexperiencewiththefullSydneySymphony,internationalconductors,worldpremieresandexcitingsoloists.TheseriespresentsstimulatingprogramsofthehighestcalibrewhilefulfillingthecoursetopicrequirementsoftheNSWsecondaryschoolmusiceducationsyllabuses.TheconcertswerepresentedbyAndrewFordandsupportedbyteachingresources,workshopsforteachersandstudents,andpre-concerttalksfeaturingcomposersandperformers.

Our2009commissionedwork,LightfallbyAustraliancomposerChristopherGordon,featuringprincipalhornRobertJohnson,providedschoolsnotonlywithachancetohearanewAustralianwork,butforthefirsttimetheopportunitytofollowthecompositionprocessonlineinablogmaintainedbythecomposer.

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forchildrenwithautism,cerebralpalsyandDownsyndromeaswellastheircarersandfamilies,andthesecondinassociationwiththePowerhouseMuseum,targetingtheirThinkspaceandLivingSkillsworkshopguests,comprisingadultslivingwithphysicalorintellectualdisabilities.

Outdoor ConcertsSymphonyintheDomainisoneofSydney’slandmarkfreeevents,traditionallyendingwithTchaikovsky’s1812Overture,completewithcannonsandfireworks.Thisyear,extremeweatherconditionsagainaffectedattendance,withanaudienceof35,000.RichardGillconductedaprogramhighlightingAustraliancompositions.TheSydneySymphonyperformedatSydneyOlympicParkon14FebruaryandinParramattaParkon14March.SolidrainbeforeandduringbotheventssawtheSydneySymphonyperformingabbreviatedprogramstoaudiencesofupto1,000.

ThethenPremierNathanReesMP,announcedcontinuedfundingfortheParramattaParkconcertonanannualbasis.

WebcastingIn2009theSydneySymphony’swebcastingactivity,incollaborationwithTelstraBigPondandABCClassicFM,continued,withtenconcertsbeingstreamedliveandmadeavailablefreeondemandthroughBigPondTV.Thesecanbeviewedatbigpondmusic.com/sydneysymphony.

Thisactivityisanimportantadditiontoouroutreachbothnationallyandinternationally,andisofparticularbenefittothoselessmobile,andtopeopleinregionalorremoteareasofAustraliawhowanttoexperienceanorchestralperformancebutareunabletoattendinperson.

Sydney Morning Herald C D DistributionIn2009inpartnershipwithEnergyAustralia,theSydneySymphonydistributed300,000freeCDswithTheSydneyMorningHeraldacrossNewSouthWalestocelebratethelaunchofits2010season.TheCDcontainedhighlightsofthemusictobeplayedbytheorchestraduringtheseason.

Hospital VisitsTheSydneySymphonycontinuedregularvisitstohospitalsinSydneyandregionalareasviatheaward-winningmusic4healthprogram,sponsoredbyMBF.Apracticalmanifestationofthehealthindustry’srecognitionofthetherapeuticpowerofmusic,theprogramprovidesentertainmentandwelcomemomentsofrespiteforhospitalpatients,theirfamiliesandhospitalstaff.

In2009,ninemusic4healthvisitsweremadetoarangeofaudiencesincludingTheChildren’sHospitalWestmeadandtheSydneyChildren’sHospitalRandwick,throughtheStarlightRoom,andviabroadcastsdirecttochildren’swards,patientsatStVincent’sDarlinghurst,elderlypatientsinBupaCareCentresinMosmanandDural(alsoattendedbyHillsShireMayorLarryBolithoandHornsbyMayorNickBerman),andregionallytoWaggaWaggaHospital.

Themusic4healthprogramalsoconductedtwooff-hospitalsitevisitsin2009,oneinconjunctionwiththeAutismAdvisoryandSupportService,performing

Asian TourInOctober2009,theSydneySymphonyembarkedonatwo-weektourofAsia,primarilyChinaandMalaysia,featuringVladimirAshkenazy,theOrchestra’sPrincipalConductorandArtisticAdvisor.

Thetoursawafull-strengthSydneySymphonyof95musiciansperformingsevenconcertsovertendaysatsomeofAsia’smostprestigiousfestivalsandperformancecentres,markingthefirsttimeinits77-yearhistorythattheOrchestrahadtouredmainlandChina.

TakinginthecitiesofBeijing,Shanghai,Macau,HongKong,GuangzhouandKualaLumpur,VladimirAshkenazyandtheSydneySymphonyperformedfourdifferentprogramsduringthetour,featuringworksforwhichtheOrchestrahasreceivedwidespreadcriticalacclaimunderhisleadership.WorksbymajorRussiancomposersRachmaninoff,TchaikovskyandProkofievwerecomplementedbyperformancesofElgar’sEnigmaVariations.

TheOrchestraplayedtosold-outhousesandgarneredinternationalsupportandexposurethatwillbuildtheSydneySymphony’sreputationworldwide.Theperformanceswerevibrant,excitingandintriguingfortheconcertgoersandgeneratedcriticalacclaim.

TheSydneySymphony’s2009AsianTourwasonlymadepossiblethankstothesupportoftheNSWGovernmentthroughtheDepartmentofIndustryandInvestment,theFederalGovernmentthroughtheAustraliaChinaCouncil,andcorporateorganisations.TouringsponsorsplayedanintegralrolewithTiandaGroupasPrincipalPartner,FelixResourcesasMajorPresentingPartner,andXstrataAustraliaandTelstraasPresentingPartnersoftheentiretour.

InternationaltouringisavitalaspectoftheSydneySymphony’swork.IthelpstoestablishtheOrchestra’sreputationathomeandabroadandprovidesculturaldiplomacysupportforAustralianbusinessandgovernmentprogramsinthefieldsoftrade,commerceandgovernmentrelations.

Regional SummaryOn25–28June,60musiciansandtwotonnesofinstrumentswentontheroadtoperforminCanberraandintworegionalcentres,AlburyandWaggaWagga,whereweperformedourannualfundraisingconcertattheWaggaWaggaCivicTheatre.UnderthemusicaldirectionofMatthewCoorey,theorchestraperformedtofournearcapacityaudienceswhoenjoyedaprogramofMendelssohn,MozartandDvorák.TheenthusiasticresponseagaindemonstratedthesupportforandcommitmenttoclassicalmusicandtheSydneySymphonyinruralNSW.Thisyeartheperformancewasagainsupportinglocalcommunitiesaffectedbydrought:thankstotheWaggaWaggaCityCouncilandpartnersBHPBilliton,Xstrata,St.George,SnowyHydro,Telstra,CadiaValleyOperations,RoyalAgriculturalSocietyandTheLand,theconcertsraised$50,000,whichwasdonatedtofourlocaldrought-reliefcharities.

The following table summarises all regional activity (excluding hospital visits listed separately) conducted by the Sydney Symphony in 2009:

14 February Freeoutdoorconcert SydneyOlympicPark(SOPA)20 February Mozart1runout Penrith(JoanSutherlandPerformingArtsCentre)8 March Fellowshipperformance PennantHills(LutandaRetirementVillage)14 March Freeoutdoorconcert ParramattaPark17 May Fellowshipperformance WyvernMusicClub,Forestville26 May SinfoniaRegionalTour BatemansBay27 May SinfoniaRegionalTour Nowra28 May SinfoniaRegionalTour Wollongong29 May Fellowshipworkshop&performance Goulburn5 June Mozart3runout Griffith23-24 June EducationStage2/SOPAconcerts SydneyOlympicPark25 June RegionalTour Canberra26 June RegionalTour Albury27-28 June RegionalTour WaggaWagga(DroughtRelief+1)1 July Discovery3runout Blacktown17 July Mozart4runout Newcastle18-19 July Fellowshipworkshop&performance Berry15 August Fellowshipperformance Blacktown22 August Discovery4runout Springwood,BlueMountains5-6 September Playerlink Orange15 November Fellowshipperformance Penrith(JoanSutherlandPerformingArtsCentre)6 December Fellowshipperformance BreenholdGardens,MtWilson

The players were clearly focused on Ashkenazy’s intentions, however playing doesn’t come any tighter than this, nor does homogeneity of timbre. SOUTH CHINA MORNING POST, OCTOBER 2009

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grantfromTheIanPotterFoundation.• SupportedbytheRegionalTouring

Fund,theSydneySinfoniapresentedschoolsconcertsfor2,154studentsinBatemansBay,NowraandWollongong,whiletheFellowshipensemblegaveperformancesandworkshopsinBerry,Goulburn,Blacktown,PenrithandMtWilson.

Instrument Fund• TheInstrumentFundwasdrawnupon

in2009toacquiretwoviolinsforanamountof$177,423.

Maestro’s Circle• In2009,theSydneySymphony

Maestro’sCirclewelcomedfivenewmembers:MrTomBreenandDrRachaelKohn,MrRayWilsonOAMandMrFredStreetAMandMrsDorothyStreet.

• FormedwiththemissionofsupportingtheartisticinitiativesofVladimirAshkenazyduringhistenureasPrincipalConductorandArtisticAdvisor,theMaestro’sCirclemembershavecommittedsome$2milliontotheyear2012.

• TheSydneySymphonyBoard,musiciansandstaffacknowledgeandextendtheirwarmestthankstotheMaestro’sCirclemembersfortheirleadershipandinvestmentinoneofthemostexcitingperiodsintheOrchestra’shistory.

Bequests • In2009SydneySymphonyreceived

agenerousbequestof$50,000fromtheestateofMrGeraldWronker,along-termsubscriber.ThebequestwasmadetotheSydneySymphony’sStuartChallenderFundtosupportappearancesinAustraliabytheworld’sfinestsoloistsandconductors.

Volunteer Program• In2009,volunteerscontributed

morethan400hoursofexpertisetotheSydneySymphony.Inadditiontoongoingassistanceintheoffice,75volunteershelpedraise$16,000attheSymphonyintheDomain

Raffleononeofthehottestdaysoftheyear.TheSydneySymphonyextendsitswarmestthankstoallthevolunteerswhocontributedtheirtime,energyandinspirationacrossanenormousrangeoftasks.

Charity Support• TheSydneySymphonyisproudto

haveassistedmorethan77otherarts,socialwelfare,educationandhealthorganisationsin2009byprovidingprizesforfundraisinginitiatives.Thissupportisvaluedatmorethan$15,000.

DavidGarrett.ThepresentationwasattendedbyacapacityaudienceatCustomsHouseinSydneyandwasbroadcasttoaudiencesnationallyonABCClassicFM.

Emerging Artists Fund• PatronsoftheSydneySymphony

Fellowshipprogramprovidedyear-longsupportforsevenofthefinestyoungorchestralmusiciansinAustralia.TheSydneySymphonyacknowledgesthegeneroussupportofJamesO.FairfaxAC,thePrincipalPatronoftheFellowshipandsupporterofyoungartistsforthepastfifteenyears.

• FouryoungcomposersfromsecondaryschoolsinSydneyandArmidaleparticipatedinathree-dayresidencywithRichardGillwheretheyworkshoppedandpreparedperformancesoftheircompositions.Oneofthesessionswasapublicseminarwhichwasattendedby110gueststudentsandteachers.TheSinfoniettaprojectismadepossiblebythegeneroussupportofGeoff&VickiAinsworth.

Allegro Education Fund• In2009,35,360participantsaround

NSWattendedoneofthe71SydneySymphonyeducationevents.

• 2,416studentsfromdisadvantagedschoolsinNSWwereprovidedwithfreetransportandsubsidisedticketstoschoolsconcertsviafundingfromtheArtsNSWConnectEdprogram.

• 582teachersreceivedspecialisedprofessionaldevelopmenttrainingatoneoftheSydneySymphonyeducationseminars.

Regional Touring Fund• Morethan$23,000wasraisedin

supportoftheSydneySymphonyPlayerlinkprogramwhichthisyearvisitedstudentsintheOrangeregion.FourteenmembersoftheSydneySymphonyspentthreedaysinresidenceattheOrangeRegionalConservatorium,workingwith77youngparticipantsandteachers.

• Playerlinkwasalsosupportedbya

Although2009remainedachallengingyear,theSydneySymphonybenefitedfromtheextraordinarygenerosityofitspatrons.In2009,2,151donorscontributed$1,498,437totheOrchestra’sdesignatedphilanthropicfunds.Inaparticularlyturbulenteconomic

environment,theSydneySymphonyreceivedanincreaseingivingof6%.Thisincludeda30%increaseinmajorgifts(giftsofmorethan$5,000)from2008.ThankyoutoallpatronsoftheSydney

Symphony.EverygiftisaveryimportantandvaluedcontributionwhichhasmadethefollowingCompany-wideachievementspossiblein2009.

Orchestra Fund• TheSydneySymphonyAsianTour

wasamajorbeneficiaryofOrchestraFundgiftsin2009includingagrantfromtheAustralia–ChinaCounciloftheDepartmentofForeignAffairs andTrade.

• TheOrchestraFundassistedwithVladimirAshkenazy’sperformancesofWalton’sBelshazzar’sFeast,hisstagedperformancesofMendelssohn’sAMidsummerNight’sDream,andtheProkofievFestival.

• TheAssociatePrincipalFluteChair(EmmaSholl),wasestablishedbyOrchestraFundgiftsfrompatronsRobertandJanetConstable,andthePrincipalViolaChair(RogerBenedict),wasestablishedbyOrchestraFundgiftsfromRogerAllenandMaggieGray.TheOrchestraextendsitsthankstoallcontinuingChairPatrons(listedonp.35)fortheirgeneroussupport.

• TwonewworkswerecommissionedandpremieredbytheSydneySymphony.ThesewereaconcertoforPrincipalHornRobertJohnsonbyChristopherGordon(commissionedbyRobertGay,CharlesBarran,EmilyChangandMrsWStening),andPebblesandStuffbyPhilJameson(commissionedbyArsMusicaAustralis),performedaspartoftheDiscoveryseries.

Stuart Challender Fund• SupportedbySymphonyAustralia

andtheStuartChallenderFund,theSydneySymphony’sfirstAssistantConductor,NicholasCarter,completedhisfirstyearwiththeOrchestra.Inadditiontoconductingschoolsconcerts,partsoftheDiscoveryseries,preparatoryrehearsalsandsectionalsfortheProkofievFestival,Nicholasattendedeveryorchestrarehearsal,providing‘asecondsetofears’andinvaluablefeedbacktoVladimirAshkenazyandvisitingconductors.

• TheannualStuartChallenderLecturefeaturedtherenownedpianistStephenHoughinconversationwith

SYDNEY SYMPHONY PATRONSMAESTRO’S CIRCLE

JohnC.CondeAO–CHAIRMANPeterWeissAM–FOUNDINGPRESIDENT &DorisWeissGeoff&VickiAinsworthTheBergFamilyFoundation inmemoryofHetty &EgonGordonTomBreen&RachaelKohnTheHon.AshleyDawson-DamerAndrewKaldor&RenataKaldorAOMrsRoslynPackerAOPenelopeSeidlerAMMrFredStreetAM &MrsDorisStreetWestfieldGroupRayWilsonOAMinmemory ofJamesAgapitosOAM

MAHLER 8 SCORE

AndrewAndersonsAOJanBowenJohnC.CondeAOMichael&ManuelaDarlingDavidGreatorexAO &DeirdreGreatorexJudgesoftheSupremeCourt ofNSWD&IKallinikosHelenLynchAM&HelenBauerRuth&BobMagidEva&TimothyPascoeDrJohnRoartyRodneyRosenblumAM &SylviaRosenblumMrsHedySwitzerJillWran

SYDNEY SYMPHONY PATRONS, 2009

$20,000+Geoff&VickiAinsworthMrRobertOAlbertAO &MrsElizabethAlbertRogerAllen&MaggieGrayTomBreen&RachaelKohnSandra&NeilBurnsMrJohnCCondeAORobert&JanetConstableTheHonAshleyDawson-DamerMrJamesOFairfaxACFredPArcherCharitableTrustTheBergFamilyFoundation inmemoryofHettyGordonTheHansenFamilyMrAndrewKaldor &MrsRenataKaldorAOD&IKallinikosMrsRoslynPackerAOTheParamorFamilyTheIanPotterFoundationDrJohnRoartyinmemory ofMrsJuneRoartyPaul&SandraSalteriMrsPenelopeSeidlerAMMrsJoyceSproat &MrsJanetCookeMrFredStreetAM &MrsDorothyStreetMrPeterWeissAM &MrsDorisWeissWestfieldGroupTheEstateofthelateGSWronkerRayWilsonOAMinmemory ofthelateJamesAgapitosOAMAnonymous(2)

$10,000–$19,999BrianAbelAlan&ChristineBishopIan&JenniferBurtonLibbyChristie&PeterJamesPennyEdwardsDrBruno&MrsRhondaGiuffreStephenJohns&MicheleBenderHelenLynchAM&HelenBauerMrsJoanMacKenzieJusticeJaneMathewsAOTony&FranMeagherMrsTMerewetherOAMMrBGO’ConorAnonymous(2)

$5,000–$9,999MrsAntoinetteAlbertAndrewAndersonsAOJanBowenMrDonaldCampbell &DrStephenFreibergMrRobert&MrsLAlisonCarrEmilyChangBob&JulieClampettMichael&ManuelaDarlingJames&LeonieFurberMrRobertGayMrDavidGreatorexAO &MrsDeirdreGreatorexIrwinImhofinmemory ofHertaImhofJudgesoftheSupremeCourt ofNSWGaryLinnaneRuth&BobMagidDavidMaloney&ErinFlahertyDavid&AndreeMilmanJF&AvanOgtropEva&TimothyPascoeRodneyRosenblumAM &SylviaRosenblumDavidSmithersAM&FamilyMrsHedySwitzerInmemoryofDrWilliam &MrsHelenWebbMichael&MaryWhelanTrustJillWranAnonymous

$2,500–$4,999DavidBarnesMarcoBelgiorno-ZegnaAMLenorePBuckleHilmerFamilyTrustPaul&SusanHotzMarkJohnsonAnna-LisaKlettenbergMrJustinLamMoraMaxwellJudithMcKernanJames&ElsieMooreMr&MrsOrtisBruce&JoyReidFoundationGeorges&MarlieseTeitlerAnonymous(2)

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$1,000–$2,499AdcorpAustraliaLimitedCharles&ReneeAbramsMrHenriWAramOAMTerrey&AnneArcusClaireArmstrong&JohnSharpeRichardBanksOptometristsCharlesBarranDoug&AlisonBattersbyJo-AnneBeirneStephenJBellPhil&ElesaBennettNicoleBergerGabrielleBlackstockMrAlexander &MrsVeraBoyarskyDavidSBrettJaneBrodribb&ColinDraperMrMaximoBuchMBulmerPat&JennyBurnettTheClitheroeFoundationDebbyCramer&BillCaukillEwen&CatherineCrouchLisa&MiroDavisMrJamesGrahamAM &MrsHelenGrahamIanDickson&RegHollowayPaulEspieRussell&SueFarrRosemary&MaxFarr-JonesJohnFavaloroMrIanFenwicke &ProfNevilleWillsFireholdPtyLtdAnnetteFreemanRoss&JillGavinWarrenGreenAnthonyGregg &DeanneWhittlestonAkikoGregoryInmemoryofOscarGrynbergJanetteHamiltonAnnHobanTheHonDavidHuntAOQC &MrsMargaretHuntDrMichaelJoelAM &MrsAnnaJoelSam&BarbaraLinzMallesonsStephenJaquesMrRobert&MrsReneeMarkovicIan&PamMcGawMatthewMcInnes

MrsBarbaraMcNultyOBEMrRAOppenMrRobertOrrellJillPainMrsAlmutPiattiAdrian&DairneenPiltonRobinPotterMr&MsStephenProudErnest&JudithRapeePatriciaHReidPamelaRogersJerome&PamelaRowleyJulianaSchaefferVictoriaSmythEzekielSolomonCatherineStephenAndrew&IsoldeTornyaJohnETuckeyMrsMerleTurkingtonAndrewTurner&VivianChangMrsKathleenTuttonAWTyreeFoundationEstateofBMWardenHenry&RuthWeinbergAudrey&MichaelWilsonGeoffWood&MelissaWaitesAnonymous(11)

$500–$999MrCRAdamsonDrFrancisJAugustusMichaelBaumeAO&ToniBaumeGDBoltonDr&MrsHannesBoshoffHon.JusticeJC&MrsCampbellJoanConneryOAMJenCornishBruceCutlerProfChristineDeerPeterEnglish&SurryPartnersInMemoryofMrNickEnrightDr&MrsCGoldschmidtInmemoryofAngelicaGreenDamienHackettTheHallwayMartinHanrahanDrHeng&MrsCillaTeyRevH&MrsMHerbertDr&MrsMichaelHunterJannetteKingIven&SylviaKlinebergIanKortlangMr&MrsGillesTKrygerDrandMrsLeoLeaderMargaretLedermanErna&GerryLevyAMSydney&AirdrieLloydAlisonLockhart&BruceWatsonLocumsgroupHoldingsLPDrCarolynALowryOAM &MrPeterLowryOAMWendyMcCarthyAOMacquarieGroupFoundation LimitedMrsSilvanaMantellatoKennethNMitchellHelenMorganMrGrahamNorthDrMCO’ConnorMrsRachelO’ConorKBMeyboomAWillmers&RPalMrsSDO’TooleMrGeorgeAPalmerDrAJPalmerDrKevinPedemontLT&LMPriddleDrKDReeveAMRowan&AnnieRossRichardRoyleBrianRussell&IrinaSingleman

MrMDSalamonInmemoryofHStPScarlettCarolineSharpenRobynSmilesEStuartMrJohnSullivanMrKenTribeAC&MrsJoanTribeProfGordonEWallRonaldWalledgeTheHonJusticeAnthonyWhealyTheHonEdwardGWhitlamMrsRYabsleyAnonymous(19)

PARTNERSHIPSThe Sydney Symphony is proud of the partnerships that we have developed with our corporate sponsors. These long-term relationships continue to grow in both their scale and their importance for the Sydney Symphony’s viability and artistic success.

In addition to the support given to our core activities in Australia, the Asian Tour in 2009 was only possible thanks to the participation of a number of companies who used branding and hospitality opportunities around the tour to further their commercial and business goals. The successful outcomes of the tour were reflected in the evaluation of the results for our sponsors for their investment in the project.

The Sydney Symphony applauds the leadership role our Partners play and their commitment to excellence, innovation and creativity as well as to the place of the Arts in society.

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DIRECTORS’CHAIRS

PRINCIPALPARTNER GOVERNMENTPARTNERS

Australia Post | Bimbadgen Estate Wines | Dell | Vittoria Coffee

Blue Arc Group* | Lindsay Yates and Partners | 2MBS 102.5 – Sydney’s Fine Music Station

PLATINUMPARTNER MAJORPARTNERS

SILVERPARTNERS

Logo Heissgold / Logo en Or à Chaud

PANTONE4625

PANTONE185

LUXOR220

REGIONALTOURPARTNERS

ASIANTOURPARTNERS BRONZEPARTNERS

MARKETINGPARTNERS

01Louise JohnsonPrincipal HarpMulpha Australia Chair

02Richard Gill oam

Artistic Director Education Sandra and Paul Salteri Chair

03Ronald PrussingPrincipal TromboneIndustry & Investment NSW Chair

04Michael Dauth and Dene OldingBoard and Council of the Sydney Symphony support the Concertmaster Chairs

05Nick ByrneTromboneRogenSi Chair with Gerald Tapper, Managing Director RogenSi

06Diana DohertyPrincipal Oboe Andrew Kaldor and Renata Kaldor ao Chair

07Paul Goodchild Associate Principal TrumpetThe Hansen Family Chair

08Catherine Hewgill Principal CelloTony and Fran Meagher Chair

09Emma Sholl Associate Principal FluteRobert and Janet Constable Chair

10Roger Benedict Principal ViolaRoger Allen and Maggie Gray Chair

01 02 03 04

09 10

05 06 07

KEI

TH S

AU

ND

ERS

KEI

TH S

AU

ND

ERS

08

TheSydneySymphonyisassistedbytheCommonwealthGovernmentthroughtheAustraliaCouncil,Itsartsfundingadvisorybody.

TheSydneySymphonyisassistedbytheNSWGovernmentthroughCommunitiesArtsNSW.

36-37CORPORATE GOVERNANCE STATEMENT

TheCommitteerequirestheManagingDirectorandDirectorofFinancetoattestinwritingthattheSydneySymphony’sfinancialreportspresentatrueandfairviewoftheSydneySymphony’sfinancialconditionandoperationalresultsandareinaccordancewithrelevantaccountingstandards.

ThisstatementisrequestedatthetimeoftheconsiderationandapprovaloftheStatutoryAccounts.ItisreviewedbytheFinance,AuditandRiskCommitteepriortoitsconsiderationbytheBoard.

TheCommitteecomprisesuptofourDirectorsand,byinvitation,theChairmanoftheBoard,theManagingDirectorandtheDirectorofFinance.

PRINCIPLE 5: RECOGNISE AND MANAGE RISK

QuarterlyupdatesoftheSydneySymphony’sriskregisterareundertakenbymanagementandpresentedtotheFinance,AuditandRiskCommittee.ManagementundertakesannualworkshopstoidentifyfurtherrisksanddevelopaRiskManagementPlan.TheoutputoftheworkshopsisreviewedbytheBoard.

PRINCIPLE 6: ENCOURAGE ENHANCED PERFORMANCE

TheNominatingandRemunerationCommitteeadvisestheBoardontheprocessofBoardperformancereview,reviewstheperformanceoftheChiefConductor,ManagingDirectorandseniormanagementandestablishespoliciesforrecruitment,retentionandsuccessionplanningforseniormanagement.

PRINCIPLE 7: REMUNERATE FAIRLY AND RESPONSIBLY

TheNominatingandRemunerationCommitteemeetsatleastannuallytoreviewtheSydneySymphony’sremunerationstrategiesandpolicies.TheCommitteesetstheparameterswithinwhichseniormanagementnegotiatesmusicianandadministrationStaffAgreements.TheCommitteealsoapprovesallseniormanagementremunerationarrangements.

PRINCIPLE 8: RECOGNISE THE LEGITIMATE INTERESTS OF STAKEHOLDERS

TheSydneySymphonyhasnumerousstakeholdersandacalendarismaintainedinordertomonitorrequirementsandreportingobligations.ThecalendarisapprovedbytheBoard,whichoverseescompliancewithstakeholderreportingandassociatedobligations.

TheSydneySymphonyhasasetofOccupationalHealth&Safety(OHS)manuals,whichprovidelegislativeandproceduralguidancetoensurethattheSydneySymphony’sresponsibilitiescontinuetobemet.Thereisacomprehensive,regulartrainingprogram,includingfirstaidandOHScommitteetraining.Companypoliciesandproceduresarereviewedinconsultationwithstaffrepresentatives.CompanyDirectorsarebriefedonOHSpoliciesandproceduresandreviewthecompanyOHSplanannually.

PRINCIPLE 3: PROMOTE ETHICAL AND RESPONSIBLE DECISION MAKING

TheSydneySymphony’sGovernanceFrameworkincludesaCodeofConduct,DelegationsofAuthority,BoardandCommitteecharters,RiskManagementpoliciesaswellasclearlydefinedrolesandresponsibilitiesforkeyappointments.

PRINCIPLE 4: SAFEGUARD INTEGRITY IN FINANCIAL REPORTING

TheFinance,AuditandRiskCommitteemeetsatleastquarterlyanditsfunctionsinclude:

• ReviewingandreportingtotheBoardonmonthly,quarterlyandannualfinancialstatements

• Makingrecommendationsregardingtheappointment,evaluationandremovaloftheSydneySymphony’sexternalauditorandreviewingandreportingtotheBoardontheadequacy,scopeandqualityoftheannualstatutoryauditandontheintegrityandreliabilityofthefinancialstatements

• ReviewingtheeffectivenessoftheSydneySymphony’sinternalcontrolenvironment,includingtheeffectivenessofinternalcontrolprocedures

• Monitoringandreviewingthereliabilityoffinancialreporting

• MonitoringandreviewingthecomplianceoftheSydneySymphonywithapplicablelawsandregulations

• Monitoringthescopeoftheinternalauditprocessandapprovingtheengagementofinternalauditors

TheFinance,AuditandRiskCommitteemeetswiththeexternalauditorsatleastonceperyear.

ThisstatementoutlinestheSydneySymphony’scorporategovernancepracticesandaddressestheeightGoodPracticeGovernancePrinciplespublishedandmonitoredbytheMajorPerformingArtsBoardoftheAustraliaCouncilfortheArts.TheseprinciplesarebasedontherecommendationspublishedbytheASXCorporateGovernanceCouncil.ThestatementsetsouttheextentoftheSydneySymphony’scompliancewiththeeightprinciplesasattheendofthefinancialyear.Asat31December2009theSydneySymphonyhasachievedsubstantialcompliancewiththerecommendations.Corporategovernancedocumentation,includingtheGovernanceFrameworkandCharters,areavailableonrequest.

PRINCIPLE 1: LAY SOLID FOUNDATIONS FOR MANAGEMENT AND OVERSIGHT

TheSydneySymphony’sGovernanceFrameworkincorporatesBoardandBoardCommitteeChartersandaCodeofConduct.Thereisalsoaformalstatementofdelegatedauthoritytomanagementandaninductionprocedurefornewdirectors.

ABoardagendaissetatthestartoftheyearandincludesmeetingsfortheBoardtodeterminetheSydneySymphony’sstrategy,three-yearbusinessplans,theprogramforthefollowingseason,thebudgetforthefollowingyearandtheSydneySymphony’sannualriskreview.

PRINCIPLE 2: STRUCTURE THE BOARD TO ADD VALUE

TheBoardincludesDirectorswitharangeofskillsincludingfinanceandaccounting,business(bothpubliccompaniesandsmallbusiness)andcommercialexperience,publicaffairs,law,performanceoforchestralmusicandmusiceducation.Thisexperienceissetoutintheirbiographies.

TheBoardissupportedbyaFinance,AuditandRiskCommittee(referPrinciple4)andaNominatingandRemunerationCommittee,eachofwhichhasanindividualchartersettingoutitsresponsibilitiesandoperatingprinciples.

TheNominatingandRemunerationCommitteehasanumberofresponsibilitiesincludingreviewing,evaluatingandmakingrecommendationstotheBoardwithregardtotheelectionandre-electionofMembers,DirectorsandSydneySymphonyCouncillors,andexecutiveremuneration.TheCommitteecomprisesthreeDirectors.

Directors’ Report 40Auditor’s Independence Declaration 43Income Statement 44Statement of Comprehensive Income 44Balance Sheet 45Statement of Changes In Equity 46Cash Flow Statement 47Notes to the Financial Statements 48Directors’ Declaration 66Independent Auditor’s Report 67

38-39SYDNEY SYMPHONY LIMITED

AND ITS CONTROLLED ENTITIESA.B.N. 50 121 561 528

ANNUAL FINANCIAL REPORT31 DECEMBER 2009

FINANCIAL STATEMENTS

40-41DIRECTORS REPORT

DirectorsThedirectorsinoffice,atanytimeduringorsincethefinancialperioduntilthedateofthisreport,are:

JOHNCONDEAO(Chairman)LIBBYCHRISTIE(ManagingDirector)Resigned 3 April 2009RORYJEFFES(ManagingDirector)Appointed 14 July 2009EWENCROUCHAppointed 1 January 2009JOHNCURTISResigned 30 April 2009JENNIFERHOYAppointed 1 January 2009STEPHENJOHNSANDREWKALDORGOETZRICHTERDAVIDSMITHERSAMGABRIELLETRAINOR

Company Secretary JOHNHORN

Qualification of Directors

John Conde AO (Chairman) BSc,BE(Hons),Syd;MBA(Dist),Harv.ChairmanofEnergyAustraliaChairmanofBUPAAustraliaHealthPtyLimitedChairmanofWhitehavenCoalLimitedPresidentofTheCommonwealthRemunerationTribunalChairmanHomebushMotorRacingAuthorityAdvisoryBoardChairmanofEventsNSWDirectorofDEXUSPropertyGroupChairmanoftheAustralianOlympicCommittee(NSW)FundraisingCommitteeMemberofBondUniversity’sBoardofTrusteeMembers

Rory Jeffes (Managing Director) MA,Oxon

Ewen Crouch BEc(Hons)LLB,SydPartnerandChairmanofAllensArthurRobinsonDirectorandChairmanofMissionAustraliaGroupDirectorofWorkingLinks(Employment)Limited

Jennifer Hoy MMus(P),AIM;BMusHons.(P)SydViolinist-SydneySymphonyOrchestra

Stephen Johns FCA,BEc,SydDirectoroftheWestfieldGroupDirectorofBramblesLimitedChairmanofSparkInfrastructureGroupDirectorofLeightonHoldingsLimited

Andrew Kaldor BEc(Hons)Syd;MBA,WhartonChairmanofPelikanArtlinePtyLimitedChairmanofSupertexIndustries

Dr. Goetz Richter Kstl,Staatsdiplom(Munich),BA(HonsI),Syd;PhD,SydViolinistAssociateProfessor,SydneyConservatoriumPresident,SydneySchubertSocietyInc.ArtisticDirector,KendallNationalViolinCompetitionPresident,LiveMusicSydney

David Smithers AM FCADirectorofRabobankAustraliaLimitedGroupDirectorofSydneyIVFLtdDirectorofCountryEducationFoundationPtyLimitedDirectorofInternationalEnergyServicesGroupLimitedDirectorofJamesNKirbyFoundationLimited

Gabrielle Trainor LLBMelb,FAICD.BarristerandSolicitorPartnerofJohnConnolly&PartnersPtyLtdDirectorofSydneyHarbourForeshoreAuthorityDirectorVictorianUrbanDevelopmentAuthorityDirectorBarangarooDeliveryAuthorityChairChurchResourcesDirector,CapeYorkPartnerships

The directors present their report together with the financial report of Sydney Symphony Limited (the Group) for the year ended to 31 December 2009.

Principal ActivitiesTheprincipalactivityoftheGroupwastheperformanceofsymphonicmusic.TherewerenosignificantchangesinthenatureoftheactivitiesoftheGroupduringtheyear.

Review and results of operationsTheGrouppresentedtheSydneySymphony,theSydneySinfoniaandtheSydneySymphonyFellowsin205performancestoatotalaudienceofover300,000peopleduringtheyearended31December2009inSydney,outermetropolitanandregionalNSWperformingartscentres,includingdroughtreliefconcertsheldinAlburyandWaggaWaggainJune.InOctober2009theGroupcontinueditsinternationaltouringprogrammewithahighlysuccessful10daytourtoChinaandMalaysiaplayingtosoldoutvenuesandachievingcriticalacclaimforitsperformances.

Theresultsaresummarisedinthetablebelow; 2009 2008 Consolidated Consolidated $ $

Operating(loss)/profitbeforeadditionalcostsduetodivestmentandspecialitems (606,682) 281,817

Additionaloperatingcostsduetodivestment Totaladditionalcostsduetodivestment (479,616) (508,735)Interestincomeearnedonprepaidgovernmentfundingtooffsetadditionalcostsduetodivestment - 38,724 Operatinglossbeforespecialitems (1,086,298) (188,194) Specialitems InterestearnedonInstrumentReservedonation 22,952 54,444Netinternationaltouringdeficit (270,631) (459,132)MaestroCircledonationsnetofexpenditure 243,500 315,000

Netlossfortheyear (1,090,477) (277,882)

Thegroup’s2009seasonwasadverselyaffectedbytheglobalfinancialcrisiswhichimpactedoperatingconditionsinAustraliaandeffectedsingleticketsalesrevenueandinterestearningsontermdepositinvestments,duetolowerprevailinginterestrates.Thesefactors,combinedwiththeongoingcostofdivestmentandthecostoftheAsiantour,resultedinanoperatinglossbeingincurredin2009.

42-43DIRECTORS REPORT

Costs of Divestment from the ABCThenetcostofdivestmentof$479,616wasasignificantburdenforthecompanyandwascomprisedprincipallyofthecontinuedadditionalcostofmovingfromtheCommonwealthtoStateworkerscompensationschemesandincreasedsuperannuationcosts.TheGroupwillcontinuetoincurtheseadditionalcostsandwillseekappropriatefundingaspartoftheongoing2010governmentfundingdiscussions.State of affairsOtherthanasmentionedelsewhere,intheopinionofthedirectorstherewerenoothersignificantchangesintheunderlyingstateofaffairsoftheGroupthatoccurredduringtheyear.

Likely developmentsTheGrouphasscheduledperformancesofsymphonicandotherorchestralmusic,whichitwillcontinuetopresentduringthenextfinancialyear.TheGroup’scontinuingviabilityisdependentonmaintainingitscurrentleveloffunding,especiallygovernmentfunding.Thegrouphastheintentiontocontinuewithinternationaltouringin2010,subjecttoformalBoardreviewofthelikelyfinancialrequirementsandimpactofthetour.

DividendsNodividendshavebeenpaidbytheGroup.

Events subsequent to balance dateNoeventshaveoccurredsubsequenttobalancedateanduptothedateofthisreportthatmateriallyaffecttheoperationsoftheGroup,theresultsofthoseoperationsorthestateofaffairsoftheGroupinsubsequentfinancialyears.

Environmental regulations and performanceTheGroupisnotsubjecttoanyparticularorsignificantenvironmentalregulation.

Directors’ InterestsThecompanyislimitedbyguaranteeandaccordinglydoesnotissueshares.

Directors’ MeetingsThenumbersofmeetingsoftheBoardofDirectorsandofBoardCommitteesduringthefinancialperiodwere:

Board Finance Nomination& Audit Remuneration &Risk

Number of Meetings Eligible (A) Number of Meetings Attended (B)

A B A B A B

JohnCondeAO-Note1 7 7 2 2 2 2

LibbyChristie 2 2 1 1 1 1

JohnCurtis 2 1 - - - -

EwenCrouch 7 7 1 1 - -

JenniferHoy 7 7 - - - -

RoryJeffes-Note1 5 5 - - 1 1

StephenJohns 7 6 4 4 2 2

AndrewKaldor 7 6 4 4 - -

GoetzRichter 7 4 - - - -

DavidSmithersAM 7 5 4 3 - -

GabrielleTrainor 7 4 - - 2 2

Note1-BoththeChairmanoftheBoardandtheManagingDirectorattendmeetingsofTheFinanceAuditandRiskCommitteebyinvitation.

Directors’ RemunerationDirectorsarenotpaidanyfeesfortheirservicesasdirectorsofthecompany.Detailsofdirectors’remunerationaredisclosedinNote23.

Indemnification and insurance of Officers InformationontheindemnificationandinsuranceofofficerscanbefoundinNote29.

Auditor’s Independence DeclarationTheAuditor’sIndependenceDeclarationissetoutonpage43.

Signedinaccordancewitharesolutionofthedirectors:

John Conde AO Chairman

Sydney,dated29thMarch2010

44-45INCOMESTATEMENTFOR THE PERIOD ENDED 31 DECEMBER 2009

2009 2008 2009 2008 Notes Consolidated Consolidated Parent Parent $ $ $ $ Revenue Fundingrevenue 4 12,831,444 12,493,431 12,831,444 12,493,431Ticketsales 5 13,391,727 13,530,341 - -Sponsorshipanddonations 6 4,355,555 4,348,684 - -Otherincome 7 1,797,319 2,570,214 - - Totalrevenue 32,376,045 32,942,670 12,831,444 12,493,431 Expenses Employeeexpenses 8 18,494,890 17,748,891 - -Artistfeesandexpenses 5,051,787 5,092,019 - -Marketingexpenses 3,221,593 3,271,626 - -Productionexpenses 4,152,481 4,555,812 - -Depreciationandamortisation 8 359,622 264,327 - -Fundingtosubsidiary - - 12,831,444 12,493,431Otherexpenses 2,186,149 2,287,877 - - Totalexpenses 33,466,522 33,220,552 12,831,444 12,493,431 Netlossfortheyear (1,090,477) (277,882) - - Incometaxexpense 9 - - - - LossafterIncometax (1,090,477) (277,882) - - The Income Statement should be read in conjunction with the notes to the financial statements.

2009 2008 2009 2008 Notes Consolidated Consolidated Parent Parent $ $ $ $

LossafterIncometax (1,090,477) (277,882) - -OthercomprehensiveincomeCashFlowHedgesLosstakentoequity (105,552) - - -

TotalOtherComprehensiveIncomefortheyear (105,552) - - -

TotalComprehensiveIncome (1,196,029) (277,882) - - The Statement of Comprehensive Income should be read in conjunction with the notes to the financial statements

BALANCE SHEETAS AT 31 DECEMBER 2009

STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 DECEMBER 2009

2009 2008 2009 2008 Notes Consolidated Consolidated Parent Parent $ $ $ $ CurrentAssets Cashandcashequivalents 18 16,616,875 16,625,883 - -Otherfinancialassets 10 123,098 60,074 - -Tradeandotherreceivables 11 1,295,650 879,187 - -Prepayments 438,907 296,176 - - TotalCurrentAssets 18,474,530 17,861,320 - - Non-CurrentAssets Property,plantandequipment 12 1,117,350 1,119,443 - -Intangibleassets 13 177,205 13,890 - -Otherfinancialassets 10 383,885 359,085 - -Investmentinsubsidiary - - 8,578,559 8,578,559 TotalNon-CurrentAssets 1,678,440 1,492,418 8,578,559 8,578,559 TotalAssets 20,152,970 19,353,738 8,578,559 8,578,559 CurrentLiabilities Tradeandotherpayables 14 1,898,080 1,621,461 330 330Prepaidrevenue 15 5,502,888 4,159,495 - -Provisions 16 3,445,841 3,201,010 - -Derivativefinancialinstruments 28 27,056 - - - TotalCurrentLiabilities 10,873,865 8,981,966 330 330 Non-CurrentLiabilities Provisions 16 722,985 698,119 - -Derivativefinancialinstruments 28 78,496 - - - TotalNon-CurrentLiabilities 801,481 698,119 - - TotalLiabilities 11,675,346 9,680,085 330 330 NetAssets 8,477,624 9,673,653 8,578,229 8,578,229 Equity SymphonyReserve 19 1,739,177 1,689,177 - -InternationalTouringReserve 20 1,270,237 1,540,868 - -InstrumentReserve 21 460,502 614,973 - -Maestro’sCircleReserve 22 558,500 315,000 - -CashFlowHedgeReserve 28 (105,552) - - -RetainedEarnings 4,554,760 5,513,635 8,578,229 8,578,229 TotalEquity 8,477,624 9,673,653 8,578,229 8,578,229

The Balance Sheet should be read in conjunction with the notes to the financial statements

46-47STATEMENT OF CHANGES IN EQUITYAS AT 31 DECEMBER 2009

Symphony International Cash Flow Instrument Maestro’s Retained Reserves Touring Hedge Reserve Circle Total Note Earnings Reserve Reserve Reserve Equity (Note 19) (Note 20) (Note 28) (Note 21) (Note 22) $ $ $ $ $ $ $ Asat1January2008 5,462,358 2,489,177 2,000,000 - - - 9,951,535Netlossfortheyear (277,882) - - - - - (277,882)Transferfrom/(to)InternationalTouringRes 20 459,132 - (459,132) - - - -Transferfrom/(to)InstrumentRes 21 185,027 (800,000) - - 614,973 - -Transferfrom/(to)Maestro’sCircleRes 22 (315,000) - - - - 315,000 - Asat31December2008 5,513,635 1,689,177 1,540,868 - 614,973 315,000 9,673,653

Asat1January2009 5,513,635 1,689,177 1,540,868 - 614,973 315,000 9,673,653Net(loss)/profitfortheyear (1,090,477) - - - - - (1,090,477)Othercomprehensiveincome - - - (105,552) - - (105,552)Transferfrom/(to)SymphonyRes 19 (50,000) 50,000 - - - - -Transferfrom/(to)InternationalTouringRes 20 270,631 - (270,631) - - - -Transferfrom/(to)InstrumentRes 21 (22,952) - - - 22,952 - -Transferfrom/(to)InstrumentRes 21 177,423 - - - (177,423) - -Transferfrom/(to)Maestro’sCircleRes 22 (428,500) - - - - 428,500 -Transferfrom/(to)Maestro’sCircleRes 22 185,000 - - - - (185,000) - Asat31December2009 4,554,760 1,739,177 1,270,237 (105,552) 460,502 558,500 8,477,624 The Statement of Changes in Equity should be read in conjunction with the notes to the financial statements.

Retained earnings Total Equity $ $Asat1January2008 8,578,229 8,578,229Netprofitfortheyear - - Asat31December2008 8,578,229 8,578,229 Asat1January2009 8,578,229 8,578,229Netprofitfortheyear - - Asat31December2009 8,578,229 8,578,229 The Statement of Changes in Equity should be read in conjunction with the notes to the financial statements

CASH FLOW STATEMENTFOR THE PERIOD ENDED 31 DECEMBER 2009

CONSOLIDATED 2009 2008 2009 2008 Notes Consolidated Consolidated Parent Parent $ $ $ $

Cashflowsfromoperatingactivities Cashreceiptsfromboxofficeandsponsors 18,106,592 16,398,544 - -Cashreceiptsfrombequests 50,000 5,000 - -Cashreceiptsgeneraldonations 1,448,437 1,445,257 - -Cashpaymentstosuppliersandemployees (32,702,561) (32,905,480) - -Cashpaymentstosubsidiary - - (12,831,444) (12,493,431)Grantsreceivedfromgovernmentfundingbodies 12,831,444 12,493,431 12,831,444 12,493,431Interestreceived 866,512 1,537,259 - - Netcashprovidedby/(usedin)operatingactivities 18(b) 600,424 (1,025,989) - - Cashflowsfromfinancingactivities Employeeinstrumentloansgranted (175,113) (135,221) - -Proceedsfromrepaymentsonemployeeinstrumentloans 87,289 64,620 - - NetCashflowsusedinfinancingactivities (87,824) (70,601) - - Cashflowsfrominvestingactivities

Paymentsforproperty,plantandequipment (323,467) (515,311) - -Paymentsforintangibleassets (198,141) (4,973) - -

Netcashflowsusedininvestingactivities (521,608) (520,284) - - Netdecreaseincashheld (9,008) (1,616,874) - - Cashandcashequivalentsatbeginningoffinancialyear 16,625,883 18,242,757 - -

Cashandcashequivalentsatendofyear 18(a) 16,616,875 16,625,883 - -

The Cash Flow Statement should be read in conjunction with the notes to the financial statements.PARENT

48-49NOTESTO THE FINANCIAL STATEMENTS

1. CORPORATE INFORMATIONThefinancialreportofSydneySymphonyLimitedanditscontrolledentitiesfortheyearended31December2009wasauthorisedforissueinaccordancewitharesolutionofthedirectorson29thMarch2010.SydneySymphonyLimited(theparent)isapubliccompanylimitedbyguarantee,incorporatedanddomiciledinAustralia.Theaddressoftheregisteredofficeis35PittStreetSydney,NSW2000.ThenatureoftheoperationsandprincipalactivitiesoftheGrouparedescribedintheDirectors’Report.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of preparationTheconsolidatedfinancialreportisageneral-purposefinancialreport,whichhasbeenpreparedinaccordancewiththerequirementsoftheCorporationsAct2001,AustralianAccountingStandards,andotherauthoritativepronouncementsoftheAustralianAccountingStandardsBoard.Theconsolidatedfinancialreporthasalsobeenpreparedonahistoricalcostbasisexceptforderivativefinancialinstrumentswhichhavebeenmeasuredatfairvalue.TheconsolidatedfinancialreportispreparedinAustraliandollars.

Statement of complianceTheconsolidatedfinancialreportcomplieswithAustralianAccountingStandards,whichincludeAustralianequivalentstoInternationalFinancialReportingStandard(‘AIFRS’).SomeAIFRSandotherAustralianAccountingStandardscontainrequirementsspecifictonot-for-profitentitiesthatareinconsistentwithIFRSrequirements.ThefollowingAustralianAccountingStandardsincludenot-for-profitspecificrequirementswhichhavebeenappliedinpreparingthisfinancialreport:

AASB116:Property,PlantandEquipmentAASB136:ImpairmentofAssetsAASB1004:Contributions

CertainAustralianAccountingStandardsandInterpretationshaverecentlybeenissuedoramendedbutarenotyeteffectiveandhavenotbeenadoptedbytheGroupfortheannualreportingperiodended31December2009.WhenrequiredbyAccountingStandards,comparativefigureshavebeenadjustedtoconformtochangesinpresentationforthecurrentfinancialyear.

Financial risk management objectives and policiesTheGroup’sprincipalfinancialinstrumentscomprisecashandshort-termdeposits,receivablesandpayables.Thedisclosuresareincludedundertherelevantnotestothefinancialstatements.TheGroupmanagesitsexposuretokeyfinancialrisks,includinginterestrateandcurrencyriskinaccordancewiththeGroup’sfinancialriskmanagementpolicy.Thedisclosuresareincludedundertherelevantnotestothefinancialstatements.

TheGroupentersintoderivativetransactions,principallyforwardcurrencycontractstomanagethecurrencyriskarisingfromthegroup’soperations.TheBoardreviewsandagreespoliciesformanagingforeigncurrencyriskwhicharisesfromtransactionalcurrencyexposuresduetosalesorpurchasesbyanoperatingentityincurrenciesotherthanthefunctionalcurrency.ItistheGroup’spolicynottoenterintoforwardforeigncurrencycontractsuntilafirmcommitmentisinplaceandtonegotiatethetermsofthehedgederivativestoexactlymatchthetermsofthehedgeditemtomaximizehedgeeffectiveness.ThegrouptradesderivativeproductsonlywithrecognizedcreditworthythirdpartieswithanequivalentS&PcreditratingofAAorhigher.a) Basis of consolidationTheconsolidatedfinancialstatementscomprisethefinancialstatementsofSydneySymphonyLimitedanditssubsidiaryasat31December2009.

Thefinancialstatementsofsubsidiariesarepreparedforthesamereportingperiodastheparentcompany,usingconsistentaccountingpolicies.

Inpreparingtheconsolidatedfinancialstatements,allintercompanybalancesandtransactions,incomeandexpensesandprofitandlossesresultingfromintra-Grouptransactionshavebeeneliminatedinfull.SubsidiariesarefullyconsolidatedfromthedateonwhichcontrolistransferredtotheGroupandceasetobeconsolidatedfromthedateonwhichcontrolistransferredoutoftheGroup.b) Going concernTheabilityoftheGrouptomaintainitsoperationsisdependentinteraliaonthecontinuingsupportofvariousGovernmentsbywayofgrants.TheTripartiteAgreementwasrenewedfortheperiod2007–2009withAustraliaCouncilfortheArtsandArtsNSW.Fundingfor2010hasbeenconfirmed,subjecttothecompanycontinuingtomeettherequirementsoftheTripartiteAgreement.Thereforethefinancialstatementshavebeenpreparedunderthegoingconcernprinciple.

c) Revenue recognitionRevenueismeasuredatthefairvalueoftheconsiderationreceivedorreceivable.Amountsdisclosedarenetofgoodsandservicestax(GST).Revenueisrecognisedforthemajorbusinessactivitiesasfollows:

d) Contribution incomeContributionincomerepresentsthefairvalueofassetsreceivedinexcessofthecostoftheassetswherethereisanonreciprocaltransferandisrecognisedasincomeoncetheassetiscontrolledbytheCompany.e) Funding revenue FundingrevenueisreceivedfromtheAustraliaCouncilfortheArts(asrepresentedbyTheMajorPerformingArtsBoard)andArtsNSW.FundingisreceivedbasedonpaymentschedulescontainedinafundingagreementbetweenthefundingbodiesandtheCompanyandisrecognisedinthecalendaryearforwhichitisintendedunderthetermsoftheagreementduetotheconditionalnatureofthefunding.Anyfundingnotspentontheplannedactivitiesagreedbetweenthepartiesatthestartofeachcalendaryearisrequiredtoberepaid.

f) Ticket salesRevenuefromticketsalesisrecognisedintheIncomeStatementatthetimeofconcertperformance.RevenuefromticketsalesinrespectofproductionsnotyetperformedisincludedintheBalanceSheetasprepaidticketsalesundertheCurrentLiabilitiesheading“Prepaidrevenue”.g) Sponsorship and donations revenueSponsorship-Sponsorshipcommitmentsarebroughttoaccountasincomeintheyearinwhichsponsorshipbenefitsarebestowed.Donations-Alldonationsarebroughttoaccountasreceived.h) Orchestral hire revenueRevenuefromorchestralhireisrecognisedastheseservicesareperformed.i) Interest incomeRevenueisrecognisedasinterestaccruesusingtheeffectiveinterestmethod.Thisisamethodofcalculatingtheamortisedcostofafinancialassetandallocatingtheinterestincomeovertherelevantperiodusingtheeffectiveinterestrate,whichistheratethatexactlydiscountsestimatedfuturecashreceiptsthroughtheexpectedlifeofthefinancialassettothenetcarryingamountofthefinancialasset.j) Foreign currency translationBoththefunctionalandpresentationcurrenciesoftheGroupareAustraliandollars(A$).Transactionsinforeigncurrenciesarerecordedinitiallyinthefunctionalcurrencyattheexchangeratesrulingatthedateofthetransaction.Monetaryassetsandliabilitiesdenominatedinforeigncurrenciesareretranslatedattherateofexchangerulingatthebalancesheetdate.

Foreigncurrencygainsandlossesresultingfromthesettlementofsuchtransactionsandfromthetranslationatyear-endexchangeratesofmonetaryassetsandliabilitiesdenominatedinforeigncurrenciesarerecognisedintheincomestatement.

k) Income Tax and other taxesCurrenttaxassetsandliabilitiesforthecurrentandpriorperiodsaremeasuredattheamountexpectedtoberecoveredfromorpaidtothetaxationauthoritiesbasedonthecurrentperiod’staxableincome.Thetaxratesandtaxlawsusedtocomputetheamountarethosethatareenactedorsubstantivelyenactedbythebalancesheetdate.

Deferredincometaxisprovidedonalltemporarydifferencesatthebalancesheetdatebetweenthetaxbasesofassetsandliabilitiesandtheircarryingamountsforfinancialreportingpurposesexceptwhenthetaxabletemporarydifferenceisassociatedwithinvestmentsandthetimingofthereversalofthetemporarydifferencecanbecontrolledanditisprobablethatthetemporarydifferencewillnotreverseintheforeseeablefuture.

Revenues,expensesandassetsarerecognisednetoftheamountofGoodsandServicesTax(GST),exceptwheretheamountofGSTincurredisnotrecoverablefromtheAustralianTaxOffice(ATO).Inthesecircumstances,theGSTisrecognisedaspartofthecostofacquisitionoftheassetoraspartofanitemoftheexpense.

ReceivablesandpayablesarestatedwiththeamountofGSTincluded.ThenetamountofGSTrecoverablefrom,orpayableto,theATOisincludedasacurrentassetorliabilityinthebalancesheet.Cashflowsareincludedinthestatementofcashflowsonagrossbasis.TheGSTcomponentsofcashflowsarisingfrominvestingandfinancingactivitieswhicharerecoverablefrom,orpayableto,theATOareclassifiedasoperatingcashflows.l) Acquisitions of assetsAcquiredassetsareaccountedforatcost.Costismeasuredasthefairvalueofassetsgivenorliabilitiesincurredorassumedatthedateofexchangepluscostdirectlyattributabletotheacquisition.

m) Cash and cash equivalents Cashandcashequivalentsincludescashonhand,depositsheldatcallwithfinancialinstitutions,othershort-term,highlyliquidinvestmentswithoriginalmaturitiesofthreemonthsorlessthatarereadilyconvertibletoknownamountsofcashwhicharesubjecttoaninsignificantriskofchangesinvalue.

Forthepurposesofthecashflowstatement,cashandcashequivalentsconsistofcashandcashequivalentsasdefinedabove,netofoutstandingbankoverdrafts.n) Trade and other receivablesTradereceivables,whichgenerallyhave60dayterms,arerecognisedinitiallyatfairvalueandsubsequentlymeasuredatamortisedcostusingtheeffectiveinterestmethod,lessanallowanceforanyuncollectibleamounts.

Collectabilityoftradereceivablesisreviewedonanongoingbasis.Debtsthatareknowntobeuncollectiblearewrittenoffwhenidentified.AnallowanceforprovisionforimpairmentoftradereceivablesisusedwhenthereisobjectiveevidencethattheGroupwillnotbeabletocollectallamountsdueaccordingtotheoriginaltermsofthereceivables.Theamountoftheimpairmentlossisrecognisedintheincomestatementwithinotherexpenses.

50-51

o)Property, plant and equipment Allitemsofproperty,plantandequipmentarestatedathistoricalcostlessaccumulateddepreciationandanyimpairmentlosses.Historicalcostincludesexpenditurethatisdirectlyattributabletotheacquisitionoftheitems.

Subsequentcostsareincludedintheasset’scarryingamountorrecognisedasaseparateasset,asappropriate,onlywhenitisprobablethatfutureeconomicbenefitsassociatedwiththeitemwillflowtotheGroupandthecostoftheitemcanbereliablymeasured.Allotherrepairsandmaintenancearechargedtotheincomestatementduringthefinancialperiodinwhichtheyareincurred.

Itemsofplantandequipment,leaseholdimprovements,computerequipmentandmusicalinstrumentsaredepreciatedusingthestraight-linemethodovertheirestimatedusefullives.Wheremusicalinstrumentsaredeemedtoappreciateinvaluenodepreciationisapplied.Eachclassofassetinthecurrentperiodwasdepreciatedoverthefollowingusefullivesassetoutinthefollowingtable; ASSET CLASS USEFUL LIFE Computerequipment 3years Furnitureandfittings Between6and8years Plantandequipment 8years Musicalinstruments Between5and15years

Derecognition and disposalAnitemofproperty,plantandequipmentisderecognisedupondisposalorwhennofurtherfutureeconomicbenefitsareexpectedfromitsuseordisposal.

Anygainorlossarisingonderecognitionoftheasset(calculatedasthedifferencebetweenthenetdisposalproceedsandthecarryingamountoftheasset)isincludedinprofitorlossintheperiodtheassetisderecognised.p) Intangible assetsSoftwarelicenceshaveafiniteusefullifeandarecarriedatcostlessaccumulatedamortisationandimpairmentlosses.Licencesaretestedforimpairmentwhereanindicatorofimpairmentexists.Amortisationiscalculatedusingthestraightlinemethodtoallocatethecostovertheestimatedusefullifeof3years.

q) ImpairmentThecarryingvaluesofplantandequipmentarereviewedforimpairmentateachreportingdate,witharecoverableamountbeingestimatedwheneventsorchangesincircumstancesindicatethecarryingvaluemaynotberecoverable.

Therecoverableamountofplantandequipmentisthegreateroffairvaluelesscoststosellandvalueinuse.Impairmentlossesarerecognisedintheincomestatement.

r) Leased plant and equipmentLeasesofplantandequipmentareclassifiedasoperatingleasesasthelessorsretainsubstantiallyalloftherisksandbenefitsofownership.Paymentsmadeunderoperatingleases(netofanyincentivesreceivedfromthelessor)arechargedtotheincomestatementonastraight-linebasisovertheperiodofthelease.s) Trade and other payablesTradepayablesandotherpayablesarecarriedatamortisedcost.Liabilitiesarerecognisedforamountstobepaidinthefutureforgoodsorservicesreceived,whetherornotbilledtotheGroup.Tradeaccountspayablearenormallysettledwithin30days.t) ProvisionsAprovisionisrecognisedwhenthereisalegal,equitable,constructiveobligationasaresultofapasteventanditisprobablethatafuturesacrificeofeconomicbenefitswillberequired,tosettletheobligation,thetimingoramountofwhichisuncertain.Provisionsaredeterminedbydiscountingtheexpectedfuturecashflowsrequiredtosettletheobligationatapre-taxratethatreflectscurrentmarketassessmentsofthetimevalueofmoneyand,whereappropriate,therisksspecifictotheliability.

Make good provisionTheGroupprovidesforcostsofrestorationorremovalinrelationtofixedassetswhenthereislegalandconstructiveobligation.Thesecostsincludeobligationsrelatingtothedismantling,removal,remediation,restorationandotherexpenditureassociatedwithfixedassetsorsitefit-outs.

Restorationprovisionsareinitiallyrecordedwhenareliableestimateofthecoststobeincurredcanbedetermined,discountedtopresentvalue.Theestimatesarebaseduponreviewofcontracts,legalrequirements,estimatesfromindependentvaluers,historicinformationandexpectedfuturecosts.Futurerestorationcostsarereviewedannuallyandanychangesarereflectedinthepresentvalueoftherestorationprovisionattheendofthereportingperiod.

Theamountofthefuturerestorationcostsiscapitalisedandisdepreciatedinaccordancewiththepolicysetoutinthenoteabove.Theunwindingoftheeffectofdiscountingonprovisionisrecognisedasafinancecost.

u) Employee benefitsWages, salaries and annual leaveLiabilitiesforemployeebenefitsforwages,salariesandannualleaveexpectedtobesettledwithin12monthsofthereportingdaterepresentpresentobligationsresultingfromemployees’servicesprovideduptothereportingdate.Thesearecalculatedatundiscountedamountsbasedoncompensationratesthattheconsolidatedentityexpectstopay,includingrelatedon-costs.Long service benefitsTheprovisionforemployeebenefitsforlongserviceleaverepresentsthepresentvalueoftheestimatedfuturecashoutflowstobemade,resultingfromemployees’servicesprovideduptothereportingdate.TheprovisioniscalculatedusingexpectedfutureincreasesinwageandsalaryratesincludingrelatedoncostsandexpectedsettlementdatesbasedonturnoverhistoryandisdiscountedusingtheratesattachingtoCommonwealthgovernmentbondsatbalancedatewhichmostcloselymatchthetermsofmaturityoftherelatedliabilities.

SuperannuationTheGroupcontributestoemployees’superannuationfunds.Contributionsarerecognisedasanexpenseastheyaremade.

Employee loansSomeemployeesarelentmonieswhichareusedinturntopurchasemusicalinstruments.Theseloansaresecuredbytheinstrumentsthemselvesandisinterestbearing.Amountsoutstandingarerecoupedovertimethroughcontributionswithheldfrommusicians’salaries.Thesearerecordedwithinotherfinancialassets.v) Changes in accounting policies Allaccountingpolicieshavebeenappliedonaconsistentbasiswiththoseofthepreviousperiod.w) Derivative Financial

Instruments and HedgingDerivativefinancialinstrumentsareusedbytheGroupinthenormalcourseofbusinessinordertohedgeexposuretofluctuationsinforeigncurrencyratesonforecastedtransactions.Theeffectiveportionofthegainorlossonthefinancialinstrumentisrecogniseddirectlyinequityandtransferredoutofequitywhentheforecasttransactionoccurs.

3. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS

Thepreparationofthefinancialstatementsrequiresmanagementtomakejudgements,estimatesandassumptionsthataffectthereportedamountsinthefinancialstatements.Managementcontinuallyevaluatesitsjudgementsandestimatesinrelationtoassets,liabilities,contingentliabilities,revenueandexpenses.Thefollowingcriticalaccountingpolicieshavebeenidentifiedforwhichsignificantjudgements,estimatesandassumptionsaremade.

Impairment of non-financial assetsTheGroupassessesimpairmentofitsnon-financialassetsateachreportingdatebyevaluatingconditionsspecifictotheGroupandtothespecificasset.Ifanimpairmenttriggerexiststherecoverableamountoftheassetisdetermined.Managementdonotconsiderthatthetriggersforimpairmenthavebeensignificantandtheseassetshavenotbeentestedforimpairmentinthisfinancialperiod.

Make good provisionAprovisionhasbeenmadeforthepresentvalueofanticipatedcostsassociatedwiththefuturerestorationoftheleasedofficepremises.Theestimateisperiodicallyreviewedandupdated.Therelatedcarryingamountsaredisclosedinnote16.

Estimate of useful livesTheestimationofusefullivesofassetsisbasedonhistoricalexperience.Theconditionofassetsareassessedperiodicallyandconsideredinrelationtotheremainingusefullifeoftheassetandadjustmentsmadetousefullivesasappropriate.

NOTESTO THE FINANCIAL STATEMENTS

52-53

4. FUNDING REVENUE 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ AustraliaCouncilfortheArts AnnualGrant 9,721,215 9,407,300 9,721,215 9,407,300AdditionalGrant 55,000 50,000 55,000 50,000 ArtsNSW BaseFunding 3,032,840 3,036,131 3,032,840 3,036,131SchoolTravel&EducationalSupportProject 16,740 - 16,740 -AdjustmenttoYear2ofTriennialFunding 5,649 - 5,649 - Totalfundingrevenue 12,831,444 12,493,431 12,831,444 12,493,431 AsignificantportionoftheGroup’sannualrevenueconsistsoffundingfromfederalandstategovernments,throughtheAustraliaCouncilfortheArtsandArtsNSW.Asaresult,theGrouphasaneconomicdependencyontheseentities.TheFundingAgreementwiththeAustraliaCouncilfortheArtsandArtsNSWwasrenewedfortheperiod2007-2009wherebyamountswillbeprovidedtoSydneySymphonyLimited.Asrequired,theseamountsweretransferredtoSydneySymphonyOrchestraHoldingsPtyLimitedtofunditsoperations.In2009additionalgrantswerereceivedfromtheAustraliaCounciltofundemergingartist’seducationandthedevelopmentofadigitalnewmediastrategyforthegroup.In2008anadditionalgrantwasreceivedfromtheAustraliaCouncilasacontributiontothegroup’stourtoItaly.

5. TICKET SALES 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Subscriptions 5,691,221 4,929,247 - -Singlenight 4,449,763 5,376,374 - -Commercialevents 3,250,793 3,224,720 - -

Totalticketsales 13,391,777 13,530,341 - -

6. SPONSORSHIP AND DONATIONS REVENUE 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Sponsorship 2,857,118 2,898,427 - -Generaldonations 1,069,937 1,135,257 - -Maestro’sCircledonations 428,500 315,000 - -

Totalsponsorshipanddonations 4,355,555 4,348,684 - -

7. OTHER INCOME 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Orchestralhireincome 672,776 793,401 - -Interest 866,512 1,537,259 - -Otherincome 258,031 239,554 - -

Totalotherrevenue 1,797,319 2,570,214 - -

8. EXPENSES 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Fundingtosubsidiary - - 12,831,444 12,493,431 Depreciation: Plantandequipment 16,557 13,051 - -Furnitureandfittings 161,373 90,670 - -Musicalinstruments 50,006 50,202 - -Computers 96,860 79,507 - -

324,796 233,430 - -Amortisationofintangibleassets 34,826 30,897 - -

TotalDepreciationandAmortisation 359,622 264,327 - - Operatingleaserentalexpense 325,571 321,554 - -

Employeeexpenses: Salariesandwages 14,886,956 14,142,405 - -Superannuation 2,228,469 2,158,379 - -Workerscompensation 352,954 287,313 - -Otheremployeeexpenses 1,026,511 1,160,794 - -

Totalemployeeexpenses 18,494,890 17,748,891 - -

NOTESTO THE FINANCIAL STATEMENTS

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9. INCOME TAX 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ AccountingLoss (1,090,477) (277,882) - - Atgroup’sstatutorytaxrate(30%) (327,143) (83,365) - -Lessnontaxableitems 327,143 83,365 - -

Incometaxexpense - - - -

Thecompany’ssubsidiarySydneySymphonyOrchestraHoldingsPtyLimitedisexemptfromincometax,capitalgainstaxandpayrolltaxbyvirtueofbeingaculturalorganisationestablishedfortheencouragementofmusicandacharitableinstitution.

10. OTHER FINANCIAL ASSETS 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ CurrentAsset Employeeinstrumentloans 123,098 60,074 - -NonCurrentAsset Employeeinstrumentloans 383,885 359,085 - -

Totalotherfinancialassets 506,983 419,159 - -

11. TRADE AND OTHER RECEIVABLES

(a) Trade and other receivables 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Current Tradedebtors 1,015,218 277,667 - -Otherreceivables 162,674 437,389 - -Accruedincome 117,758 164,131 - -

Totaltradeandotherreceivables 1,295,650 879,187 - -

(b) Past due but not impaired

Thedebtorsover60daysarepastduebutnotimpaired,asthereisnoobjectiveevidenceatreportingdatethattheGroupwillnotbeabletocollectallamountsdue.

2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $

TradeDebtorsageing 0to60days 803,232 98,175 - -61to90days 1,986 138,645 - -Over90days 210,000 40,847 - -

Totaltradedebtors 1,015,218 277,667 - -

Asof31stDecember2009,tradedebtorsof$211,986werepastduebutnotimpaired.Theotherclasseswithintradeandotherreceivablesdonotcontainimpairedassetsandarenotpastdue.

NOTESTO THE FINANCIAL STATEMENTS

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12. PROPERTY, PLANT AND EQUIPMENT - CONSOLIDATED Plant and Fixtures and Musical Musical Computer Total equipment fittings instruments instruments equipment acquired acquired through the Musical Instrument Reserve $ $ $ $ $ $

Year ended 31 December 2009 At1January2009,netofaccumulated 69,665 251,876 271,471 379,212 147,219 1,119,443depreciationandimpairmentAdditions 36,429 177,423 30,502 79,113 323,467Disposalsatcost - - - - (2,408) (2,408)Disposalaccumulateddepreciation - - - - 1,644 1,644Depreciationchargefortheyear (16,557) (161,373) - (50,006) (96,860) (324,796) Asat31December2009,netofaccumulated 89,537 90,503 448,894 359,708 128,708 1,117,350depreciationandimpairment At1January2009 Costorfairvalue 216,487 833,730 271,471 917,407 724,127 2,963,222Accumulateddepreciation (146,822) (581,854) - (538,195) (576,908) (1,843,779) Netcarryingamount 69,666 251,876 271,471 379,214 147,219 1,119,443 At31December2009 Costorfairvalue 252,916 833,730 448,894 947,909 800,832 3,284,281Accumulateddepreciation (163,379) (743,227) - (588,201) (672,124) (2,166,931) Netcarryingamount 89,537 90,503 448,894 359,708 128,708 1,117,350 Year ended 31 December 2008 At1January2008,netofaccumulated 64,615 271,063 - 370,767 131,117 837,562depreciationandimpairmentAdditions 18,101 71,483 271,471 58,647 95,609 515,311Disposalsatcost - - - - - -Disposalaccumulateddepreciation - - - - - -Depreciationchargefortheyear (13,051) (90,670) - (50,202) (79,507) (233,430)

Asat31December2008,netofaccumulated 69,665 251,876 271,471 379,212 147,219 1,119,443depreciationandimpairment At1January2008 Costorfairvalue 198,386 762,247 - 858,760 628,518 2,447,911Accumulateddepreciation (133,771) (491,184) - (487,993) (497,401) (1,610,349) Netcarryingamount 64,615 271,063 - 370,767 131,117 837,562 At31December2008 Costorfairvalue 216,487 833,730 271,471 917,407 724,127 2,963,222Accumulateddepreciation (146,822) (581,854) - (538,195) (576,908) (1,843,779) Netcarryingamount 69,665 251,876 271,471 379,212 147,219 1,119,443

13. INTANGIBLE ASSETS - CONSOLIDATED

Software licences $Year ended 31 December 2009 At1January2009,netofaccumulatedamortisationandimpairment 13,890Additions 198,141Disposals -Amortisationchargefortheyear (34,826)

Asat31December,netofaccumulatedamortisationandimpairment 177,205 At31December2009 Costorfairvalue 359,802Accumulatedamortisation (182,597) Netcarryingamount 177,205

Software licences $Year ended 31 December 2008 At1January2008,netofaccumulatedamortisationandimpairment 39,814Additions 4,973Disposals -Amortisationchargefortheyear (30,897)

Asat31December,netofaccumulatedamortisationandimpairment 13,890 At31December2008 Costorfairvalue 161,661Accumulatedamortisation (147,771) Netcarryingamount.Yearended31December2008 13,890

Theparentcompanydoesnotholdanyintangibleassetssoonlytheconsolidatedintangibleassetsareshown.

NOTESTO THE FINANCIAL STATEMENTS

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14. TRADE AND OTHER PAYABLES 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Accruals 1,164,992 902,283 - -Tradecreditors 691,326 667,377 330 330Otherpayables 41,762 51,801 - -

Totaltradeandotherpayables 1,898,080 1,621,461 330 330 Totaltradeandotherpayablesageing 0to60days 1,898,080 1,598,893 330 33061to90days - 22,568 - -Over90days - - - -

Totaltradeandotherpayables 1,898,080 1,621,461 330 330 Thefairvalueoffinancialliabilitiesisequivalenttothecarryingamountatbalancedateasdisclosedinthebalancesheetandrelatednotes.Thisisbecauseeitherthecarryingamountsapproximatetothefairvalueorbecauseoftheirshorttermtomaturity.

15. PREPAID REVENUE 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Prepaidticketsales 5,502,888 4,134,991 - -Prepaidother - 24,504 - -Totalprepaidrevenue 5,502,888 4,159,495 - -

16. PROVISIONS 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Currentprovisionforemployeebenefits 3,445,841 3,201,010 - - Non-currentprovisionforemployeebenefits 572,967 548,101 - -Makegoodprovision 150,018 150,018 - -

Totalnoncurrentprovisions 722,985 698,119 - -

Totalprovisions 4,168,826 3,899,129 - -

17. GUARANTEE

EachMemberundertakestocontributetothepropertyoftheCompanyiftheCompanyiswoundupwhilehe,sheoritisaMemberorwithin1yearafterhe,sheoritceasestobeaMember,forpaymentoftheCompany’sdebtsandliabilitiescontractedbeforehe,sheoritceasestobeaMemberandofthecosts,chargesandexpensesofwindingupandfortheadjustmentoftherightsofthecontributoriesamongthemselves,suchamountasmayberequired,butnotexceeding$20.

18. STATEMENT OF CASH FLOWS

a) Reconciliation of cashForthepurposesofthecashflowstatement,cashandcashequivalentsincludescashonhandandatbankandshort-termdepositsatcallwithin3months.Cashandcashequivalentsasattheendofthefinancialperiodasshowninthecashflowstatementareasfollows:

2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Cash 3,505,199 1,107,834 - -Short-termdeposits 13,111,676 15,518,049 - - 16,616,875 16,625,883 - -

b) Reconciliation of net profit to net cash provided by operating activities

2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $

Netloss (1,090,477) (277,882) - -Addnon-cashdepreciation 324,796 233,430 - -Addnon-cashlossondisposal 764 - - -Addnon-cashamortisation 34,826 30,897 - -

Netcashprovidedbyoperatingactivities (730,091) (13,555) - -beforechangeinassetsandliabilitiesChangesinassetsandliabilities Decrease/(increase)inreceivables (416,463) 481,342 - -Decrease/(increase)inotherassets (142,731) (100,153) - -Increase/(decrease)inpayables 276,619 (55,119) - -Increase/(decrease)inprepaidrevenue 1,343,393 (1,544,521) - -Increase/(decrease)inprovisions 269,697 206,017 - - Changesinassetsandliabilities 1,330,515 (1,012,434) - -

Netcashprovidedbyoperatingactivities 600,424 (1,025,989) - -

NOTESTO THE FINANCIAL STATEMENTS

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19. SYMPHONY RESERVE - CONSOLIDATED 2009 2008 $ $ Accumulatedfundsat1January 1,689,177 2,489,177Transferfromretainedearningsinrelationto: Currentyearbequest 50,000 -InstrumentReservedonation - -TransfertoInstrumentReserve - (800,000)

Accumulatedfundsat31December 1,739,177 1,689,177 TheSymphonyReservewasestablishedunderprotocolsagreedbytheBoardtoraiseandaccumulatecapitaltosupporttheaimsofthecompanyanditslong-termfinancialsecurity.

In2007ananonymousdonationof$800,000wasreceivedtoestablishaspecialpurposereservetoacquirefinestringinstrumentsfororchestralmusicianstoimprovethequalityofthestringsectionoftheorchestra.In2008thisamount,plusinterestearnedthereonwastransferredtoaseparateInstrumentReserve.

20. INTERNATIONAL TOURING RESERVE – CONSOLIDATED 2009 2008 $ $ Accumulatedfundsat1January 1,540,868 2,000,000Transfertoretainedearningsinrelationto: NetDeficitfromtouring (270,631) (459,132)

Accumulatedfundsat31December 1,270,237 1,540,868

21. INSTRUMENT RESERVE - CONSOLIDATED 2009 2008 $ $ Accumulatedfundsat1January 614,973 -TransferfromRetainedEarningsforinterestearned 22,952 86,444TransferfromSymphonyReserveinrelationto: InstrumentReservedonation - 800,000TransfertoRetainedEarningsforinstrumentsacquired (177,423) (271,471)

Accumulatedfundsat31December 460,502 614,973 In2007ananonymousdonationof$800,000wasreceivedtoestablishaspecialpurposereservetoacquirefinestringinstrumentsfororchestralmusicianstoimprovethequalityofthestringsectionoftheorchestra.In2008thisamountplusinterestearnedthereonwastransferredtoaseparateInstrumentReserve.

Theassetspurchasedin2009usingInstrumentReservefundsareincludedinthePropertyPlantandEquipment-MusicalInstrumentsandtotal$177,423(2008$271,471)seenote12.

22. MAESTRO’S CIRCLE RESERVE - CONSOLIDATED 2009 2008 $ $ Accumulatedfundsat1January 315,000 -TransferfromRetainedEarningsinrelationto: Maestro’sCircledonations 428,500 315,000TransfertoRetainedEarningsinrelationto: Maestro’sCircleexpenses (185,000) -

Accumulatedfundsat31December 558,500 315,000

TheMaestro’sCircleReservewascreatedin2008toassistwiththecostsassociatedwithspecialactivitiesplannedbytheincomingPrincipalConductorandArtisticAdvisor,MrVladimirAshkenazy.TheMaestro’sCircleexpensesrelatetocostsassociatedwiththeMidsummerNight’sDream,Belshazzar’sFeast,TheProkofievFestivalandProkofievrecordings.

23. DIRECTORS AND EXECUTIVE DISCLOSURES a) Details of key management personnelThenamesofeachpersonholdingthepositionofdirectororexecutivedirectoroftheCompanyduringthefinancialperiodarelistedonpage2intheDirectors’Report.UnlessotherwisestatedintheDirectors’Report,thedirectorshavebeeninofficeforthefinancialperiod.

b) Compensation of key management personnel

2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Shortterm 382,633 193,808 - -Otheremploymentbenefits 33,510 61,755 - - 416,143 255,563 - - PaymentsweremadetodirectorsfortheirservicesasemployeesofthecompanyandnotfortheirservicesasdirectorsoftheGroupforwhichnofeeispaid.Non-executivedirectorsarenotpaidanyfeesfortheirservicesasdirectorsoftheGroup.

NOTESTO THE FINANCIAL STATEMENTS

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24. RELATED PARTIES a) DirectorsTransactions with DirectorsMr.EwenCrouch,adirectorofthecompanyisalsoapartnerwithAllensArthurRobinson.Duringthecourseoftheperiod,thisfirmprovidedprofessionalservicestotheGrouponaprobonobasis.

MrStephenJohnsadirectorofthecompanyisalsoadirectorofBramblesLimited.Duringthecourseoftheyear,RecallpartoftheBramblesGroupprovidedinformationmanagementservicestotheGroupundernormaltermsandconditions.

MrJohnCurtis,adirectorofthecompanyuntil30April2009wasalsoadirectorofWestpacBankingCorporationLtdwhichistheultimateholdingcompanyofStGeorgeBankLtd.DuringthecourseoftheyearStGeorgeBankLtdprovidedbankingfacilitiesandleaseholdofficespacetotheGroupundernormaltermsandconditions.

Transactionsbetweentheparentcompanyandentitiesinwhichdirectorshavedeclaredaninterest,aretransactedundernormaltermsandconditions.Therewerenocontractsinvolvingdirectors’interestssubsistingatperiodendexceptingsponsorshipagreementsundernormaltermsandconditionsofbusiness.Sponsorshipfromdirector-relatedentitiesisontermsandconditionsnomorefavourablethanthoseofferedtoothersponsors.

b) SubsidiaryTheconsolidatedfinancialstatementsasat31December2009includetheparentcompany’sonesubsidiaryinwhichithad100%interest,SydneySymphonyOrchestraHoldingsPtyLimitedwhichisincorporatedinAustraliaandhasthesamebalancedateasthatoftheparententity.Thecarryingvalueoftheinvestmentis$8,578,559(at31December2008:$8,578,559).

c) Ultimate parentSydneySymphonyLimitedistheultimateparententity.

25. AUDITORS’ REMUNERATION 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ AmountsreceivedordueandreceivablebyErnst&Young: -anauditofthefinancialreportoftheentity 27,000 27,000 - --otherassuranceservicesinrelationtotheentity 14,000 - - -

Amountsreceivedordueandreceivable 41,000 27,000 - -

Noamountsarepaidtotheauditorbytheparententity.Allamountsarepaidbyitssubsidiary,SydneySymphonyOrchestraHoldingsPtyLimited.

26. COMMITMENTS AND CONTINGENCIES

a) Operating Lease (non cancellable) 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Notlaterthanoneyear 348,873 348,499 - -Laterthanoneyearandnotlaterthanfiveyears 28,807 377,680 - -Laterthanfiveyears - - - - 377,680 726,179 - - TheGrouphasoperatingleasesforofficeaccommodationandphotocopierrental.

b) Artist fees contracted for but not provided for and payable 2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ Notlaterthanoneyear 1,157,579 1,499,388 - -Laterthanoneyearandnotlaterthanfiveyears 2,196,333 3,869,506 - -Laterthanfiveyears -- - - 3,353,912 5,368,894 - - TheGrouphasenteredintocontractsforperformancesscheduledtotakeplaceduring2010andsubsequentyears.Theseamountsincludetheexpenditurerequiredtosatisfythecontractswiththeartists.

NOTESTO THE FINANCIAL STATEMENTS

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27. FINANCIAL INSTRUMENTS - Consolidated a) Interest rate risk exposures - Consolidated

ThefollowingtablesummarisestheinterestrateriskfortheGroup,togetherwitheffectiveinterestratesasatbalancedate.

31 December 2009 Weighted Non Floating Fixed rate; Fixed rate Fixed rate Total Average Effective interest Interest Less than 1 to 2 years 2 - 3 years Interest Rate bearing Rate 1 year $ $ $ $ $ $FinancialAssets Cash 2.89% 139,202 3,365,997 3,505,199Shorttermdeposits 5.53% 2,174,306 9,687,370 1,250,000 13,111,676Employeeinstrumentloans 3.16% 506,983 506,983Tradeandotherreceivables 1,295,650 1,295,650FinancialLiabilities Tradeandotherpayables (1,898,080) (1,898,080)

Net (463,228) 6,047,286 9,687,370 1,250,000 - 16,521,428

31 December 2008 Weighted Non Floating Fixed rate; Fixed rate Fixed rate Total Average Effective interest Interest Less than 1 to 2 years 2 - 3 years Interest Rate bearing Rate 1 year $ $ $ $ $ $FinancialAssets Cash 3.88% 1,107,834 1,107,834Shorttermdeposits 5.85% 15,518,049 15,518,049Employeeinstrumentloans 7.85% 419,519 419,519Tradeandotherreceivables 879,187 879,187FinancialLiabilities Tradeandotherpayables (1,621,461) (1,621,461)

Net (742,274) 1,527,353 15,518,049 - - 16,303,128

b) Interest rate risk exposures - parentTheparentcompanydoesnotholdanycashorfinancialassetsorliabilitiessoonlytheconsolidatedpositionisshown.c) Net fair valueThenetfairvalueoffinancialassetsandliabilitiesisequivalenttothecarryingamountatbalancedateasdisclosedinthebalancesheetandrelatednotes.Thisisbecauseeitherthecarryingamountsapproximatenetfairvalueorbecauseoftheirshorttermtomaturity.

d) Credit risk exposureTheGroup’smaximumexposuretocreditriskatthebalancesheetdateinrelationtoeachclassofrecognisedfinancialassetsisthecarryingamountofthoseassetsasindicatedinthebalancesheetandrelatednotes.e) Liquidity statementShorttermdepositsconsistofanumberoftermdepositsheldwithdifferentmaturitydateslessthanoneyear.Thesefundsareavailableatcallshouldtheyberequired,subjecttominorearlywithdrawalpenalties.

f) Sensitivity analysisAsensitivityanalysisoftheeffectofinterestrateandforeigncurrencymovementsonassetsandliabilitieswasnotundertakenastheprospectiveimpactswerenotconsideredmaterialatbalancedate.

28. DERIVATIVE FINANCIAL INSTRUMENTS

2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ CurrentLiabilities Forwardcurrencycontracts–cashflowhedges (27,056) - - -

NonCurrentLiabilitiesForwardcurrencycontracts–cashflowhedges (78,496) - - -

(105,552) - - - (a) Instruments Used by the Group

DerivativefinancialinstrumentsareusedbytheGroupinthenormalcourseofbusinessinordertohedgeexposuretofluctuationsinforeigncurrencyrates.

(i) Forward currency contracts – cash flow hedgesTheGrouppurchasestheservicesofartistsundercontractsdenominatedinforeigncurrencies.InordertoprotectagainstexchangeratemovementsandtoprovidecertaintyagainstfuturecashflowsthegrouphasenteredintoforwardcurrencycontractstopurchaseUSdollars,SwissfrancsandUKpounds.Thecashflowsareexpectedtooccurbetween1to16monthsfrom1January2010andtotalAUD105,552(2008Nil)withaverageexchangeratesofUSD0.8929,CHF0.8218,GBP0.4806(2008Nil)

Theforwardcurrencycontractsareconsideredtobehighlyeffectivehedgesastheyarematchedagainstforecastpurchasesandanygainorlossonthecontractsattributabletothehedgedriskistakendirectlytoequity.Whentheserviceisdeliveredtheamountrecognisedinequityisadjustedtoartist’sfeesandexpensesintheIncomeStatement.

Movement in forward currency contract cash flow hedge reserve

2009 2008 2009 2008 Consolidated Consolidated Parent Parent $ $ $ $ OpeningBalanceChargedtoothercomprehensiveincome (105,552) - - -ClosingBalance (105,552) - - -

29. INDEMNIFICATION AND INSURANCE OF OFFICERS

Insuranceandindemnityarrangementsestablishedinpreviousyearsconcerningofficersoftheconsolidatedentitywererenewedandcontinuedduring2009.SydneySymphonyOrchestraHoldingsPtyLimitedpaidthepremiumonacontractinsuringeachoftheDirectorsoftheconsolidatedentity,namedearlierinthisreport,andeachofthefull-timeexecutiveofficersoftheconsolidatedentity,againstallliabilitiesandexpensesarisingasaresultofworkperformedintheirrespectivecapacities,totheextentpermittedbylaw.

NOTESTO THE FINANCIAL STATEMENTS

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IntheopinionofthedirectorsofSydneySymphonyLimitedanditscontrolledentities:(a)theconsolidatedfinancialstatementsandnotes,setoutonpages44to65,areinaccordancewiththeCorporationsAct2001,including:

(i)givingatrueandfairviewofthefinancialpositionoftheGroupandoftheCompanyasat31December2009andoftheirperformance,asrepresentedbytheresultsoftheiroperationsforthefinancialyearended31December2009;and

(ii)complyingwithAccountingStandardsandtheCorporationsRegulations2001;and

(b)therearereasonablegroundstobelievethattheGroupwillbeabletopayitsdebtsasandwhentheybecomedueandpayable.

Signedinaccordancewitharesolutionofthedirectors:

John CondeAO Stephen JohnsChairman Director

Sydney,dated29thMarch2010

DIRECTORS’ DECLARATION

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MANAGING DIRECTORRoryJeffesEXECUTIVETEAMASSISTANTLisaDavies-Galli

ARTISTIC OPERATIONSDIRECTOROFARTISTICPLANNINGPeterCzornyj

Artistic AdministrationARTISTICADMINISTRATIONMANAGERRaffWilsonARTISTLIAISONMANAGERIlmarLeetbergRECORDINGPRODUCTIONMANAGERPhilipPowersEducation ProgramsEDUCATIONMANAGERKimWaldockARTISTDEVELOPMENTMANAGERBernieHeardEDUCATIONASSISTANTRebeccaWhittington

LibraryLIBRARIANAnnaCernikLIBRARYASSISTANTVictoriaGrantLIBRARYASSISTANTMary-AnnMead

DEVELOPMENTHEADOFCORPORATERELATIONSLeannMeiersCORPORATERELATIONSEXECUTIVEJuliaOwensCORPORATERELATIONSEXECUTIVESeleenaSemosHEADOFPHILANTHROPY&PUBLICAFFAIRSCarolineSharpenPHILANTHROPY&PUBLICAFFAIRSEXECUTIVEKylieAnaniaDEVELOPMENTCOORDINATORGeorgiaWilton

SALES AND MARKETINGDIRECTOROFSALES&MARKETINGMarkJElliottMARKETINGMANAGER,SUBSCRIPTIONSALESRebeccaMacFarlingMARKETINGMANAGER,CLASSICALSALESSimonCrossley-MeatesMARKETINGMANAGER,COMMERCIALSALES&RECORDINGSPennyEvansONLINEMANAGERKateTaylorMARKETING&MEDIAASSOCIATEAntoniaFarrugiaGRAPHICDESIGNERChristieHutchinsonDATAANALYSTKentPrusas

Box OfficeMANAGEROFTICKETING&CUSTOMERSERVICELynnMcLaughlinBOXOFFICECOORDINATORNatashaPurkissCUSTOMERSERVICEREPRESENTATIVESMichaelDowlingErichGockelMattLilleyRachelMcLarin

PublicationsPUBLICATIONSEDITOR&MUSICPRESENTATIONMANAGERYvonneFrindle

PUBLIC RELATIONSPUBLICRELATIONSMANAGERYvonneZammitPUBLICISTKatherineStevenson

ORCHESTRA MANAGEMENTDIRECTOROFORCHESTRAMANAGEMENTAernoutKerbertDEPUTYORCHESTRAMANAGERLisaMullineuxACTINGORCHESTRALCOORDINATORStephanieMirowOPERATIONSMANAGERKerry-AnneCookTECHNICALMANAGERDerekCouttsPRODUCTIONCOORDINATORTimDaymanPRODUCTIONCOORDINATORIanSpenceSTAGEMANAGERPeterGahan

BUSINESS SERVICESDIRECTOROFFINANCEJohnHornFINANCEMANAGERRuthTolentinoASSISTANTACCOUNTANTMinervaPrescottACCOUNTSASSISTANTLiLiPAYROLLOFFICERUsefHoosney

HUMAN RESOURCESHUMANRESOURCESMANAGERIanArnold

COMMERCIAL ENTERPRISESCOMMERCIALENTERPRISESMANAGERPatrickSmith

SYDNEY SYMPHONY STAFFDECEMBER 2009

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