PRINCIPAL ACTIVITIES
The principal activities of the Group
during the year were the provision of rail
access and infrastructure management
of rail networks, either owned or leased
by ARTC.
SIGNIFICANT CHANGES IN
THE STATE OF AFFAIRS
Significant changes in the state of affairs
of the Group during the financial year were
as follows:
In November 2013, ARTC was selected
by the Federal Government to begin
work with interested parties to construct
the Inland Rail Programme under the
guidance of the federally appointed
Inland Rail Implementation Group chaired
by former Deputy Prime Minister and
Transport Minister, Mr John Anderson. The
Inland Rail project is a ten year Federal
Government program for the construction
of a standard gauge inland railway from
Brisbane to Melbourne. In June 2014 the
Group received the first grant payment
from the Federal Government, to cover
initial costs in connection with this project.
Following completion of the agreed
moratorium period for payment of
dividends to facilitate the Group’s multi-
year major infrastructure investment
program, the Group made a payment
of $36 million to the shareholder as an
interim dividend in May 2014.
There were no other significant changes
in the state of affairs of the Group during
the year.
SIGNIFICANT EVENTS AFTER
THE BALANCE DATE
There has not arisen in the interval between
the end of the financial year and the date of
this report any item, transaction or event
of material and unusual nature likely, in
the opinion of the Directors of the Group,
to affect significantly the operations of the
Group, the results of those operations, or
the state of affairs of the Group, in future
financial years.
LIKELY DEVELOPMENTS
AND EXPECTED RESULTS OF
OPERATIONS
Likely developments and the expected
results of operations of ARTC are contained
in the Chief Executive Officer’s and
Chairman’s Report.
DIVIDENDS
The Group paid a dividend of $36m on
9 May 2014 (2013: $nil).
REVIEW OF OPERATIONS
The review of operations of the Group is
contained in the Chief Executive Officer’s
and Chairman’s Report.
ENVIRONMENTAL
REGULATION
ARTC is committed to managing its
operational activities and services in an
environmentally responsible manner to
meet legal, social and moral obligations.
ARTC holds licences from both the
Environment Protection Authority of
South Australia and the Environment
Protection Authority of NSW. In South
Australia, the licence is held under Part 6
of the Environment Protection Act, 1993
to undertake the activity of “Railway
Operations”. The licence is due to expire
on 31 January 2015 and an application for
renewal will be lodged prior to expiration.
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