Page 5 - Directors' report and accounts 2019-20

02
Environmental Regulation
There are no environmental issues that impact on on the company Events After Balance Date
After the the end of the the reporting period a a fully franked dividend of $1 270 per per Member with an operating or temporarily closed restaurant at 5pm on the 30 June 2020
has been declared in relation to the year ended 30 June 2020
The total amount of the dividend declared is $2 018 030 The financial effect of these dividends has not been brought to account in the consolidated financial statements for the year ended 30 June 2020
and will be recognised in subsequent financial reports With regards to to COVID-19 the Group continues to to monitor trading activity liquidity as as well as as other relevant external factors (including changes in in in government restrictions vaccine developments and global case numbers) No adjustments to the Information on on Directors key estimates and judgements that impact the consolidated statement of financial position as at at at 30 June 2020
have been identified No other matter or circumstance has arisen since the the end of the reporting period which has significantly affected or may significantly affect affect the operations of the the the Group the the the results of those operations or the the the state of of affairs of of the the Group in in the the future financial year Future Developments
The company is undertaking a a a a number of initiatives with the aim of transforming our technology platform re-engineering some of our products and and expanding our services offering Those changes are expected to strengthen our business in in in the the future financial year as well as as capture new opportunities as as each market is recovering Kane Richards
Experience Special Responsibilities
Duane Barber
Experience Special Responsibilities
Roshan Perera Experience Special Responsibilities
Mark Rutherglen
Experience Special Responsibilities
(Chairperson and Member of of Board of of Directors)
Subway Subway franchise owner owner since 2006 Currently owner owner of four Subway Subway restaurants Mr Richards
is is a a a a a member of the IPCA Audit Risk Contract and Remuneration Committees (President and and CEO Member of of Board of of Directors and and Company Secretary)
President and CEO of the Independent Purchasing Company (Australasia) Limited since 2000 Mr Barber
is is a a a a a member of the IPCA Audit Risk Contract and Remuneration Committees (Member of of Board of of Directors)
(Appointed on 28th November 2019) Subway Subway franchise owner since 2007 and is is currently operating three Subway Subway restaurants Mr Perera is is a a member of the IPCA Risk Committee (Member of of Board of of Directors)
Subway Subway Development Agent in in in North Island New Zealand from 1995 to 2010 and and and Hong Kong/ Macau since 2008 Mr Rutherglen
is currently operating three Subway Subway restaurants Mr Rutherglen
is is is a a a member of the the IPCA Risk Remuneration Technology & Services and Distribution Committees