Page 17 - Annual Report 2018

Directors’ report (continued) Remuneration Report (continued)
Directors’ shareholdings
David John Mayne
Nancy Louise Caple
Russell James Hutchins
Brian Thomas Simpson
John Kenneth Nelson
Jason Gerard Dwyer
Peter Richard Drapac
Age Johannes Wilhelm Nota (Appointed 27 November 2017)
Anne Marie Rogan (Appointed 10 July 2017}
Evelyn Stagg (Resigned 30 June 2018}
Peter Panayiotis Panatsos (Appointed 10 July 2017, Resigned 28 February 2018)
Dividends
Dividends paid in the year
Signi cant changes in the state of affairs
In the opinion of the directors there were no signi cant changes in the state of affairs of the company that occurred during the nancial year under review not otherwise disclosed in this report or the nancial statements.
Events since the end of the nancial year
There are no matters or circumstances that have arisen since the end of the nancial year that have signi cantly affected or may signi cantly affect the operations of the company, the results of those operations or the state of affairs of the company in future years.
Likely developments
The company will continue its policy of facilitating banking services to the community.
Environmental regulation
The company is not subject to any signi cant environmental regulation.
Balance at the start of year
Changes during the year
Balance at end of year
32,000
-
32,000
22,077
-
22,077
13,000
-
13,000
10,000
-
10,000
1,533
-
1,533
5,000
-
5,000
-
-
-
-
-
-
-
-
-
3,950
-
3,950
-
-
-
Year ended 30 June 2018
Cents
$
6
137,903
Heidelberg District Community Enterprise Limited 15.