National Total revenue for the group in 2017 The Association successfully was $71.6 million, representing an completed 103 apprentices under the Treasurer’s Report increase of 4.3 per cent from the Group Apprenticeship scheme, which previous year. Revenue assisted in HIA’s endeavours to improvements were achieved in the address skill shortages in the building business units of HIA Apprentices, trades. The scheme saw a growth in Stationery, Events, Home apprentice numbers and hosts taking Inspirations Centres, HIA Vehicles on new apprentices during the year. and Affinity Programs; however, The scheme grew by 11 per cent year there were declines in Insurance, on year with further growth expected Safety Services, Property, in 2018. HIA also secured state-based Publications, Training Delivery and funding in New South Wales which Apprenticeship Grants revenues. greatly assists with the growth and In line with growth in revenue, completions of apprentices within the expenditure also increased, scheme in the New South Wales and especially with our HIA Apprentices Hunter regions. HIA’s efforts in business which incurred higher lobbying for increased focus on expenditure with increased apprenticeships and training, led HIA apprentice intake during the year. to successfully secure training funding The operating surplus for the year in all states for 2017 and beyond. was $552,123 compared with a The Home Inspirations Centres in HIA CONTINUES TO MAINTAIN A VERY surplus of $750,888 in 2016. During Canberra and the Hunter region STRONG BALANCE SHEET WITH OVER 2017, home building activity declined continued to be well supported by $65 MILLION IN NET ASSETS from the all-time high recorded in industry and consumers. HIA 2016. New dwelling starts totalled Vehicles provided support to 218,160 in 2017, a reduction of members with their vehicle 6.5 per cent on the year before. requirements and experienced Multi-unit starts fell to 103,880 (down growth year on year; mostly through 10 per cent) with detached house an increase in sales of Toyota commencements experiencing a vehicles. HIA Tradepass had a soft more modest reduction to 114,280 launch in Queensland during the year. (down 3 per cent). Home renovations The offering of the services has been activity was valued at $33.36 billion finalised and will be rolled out to during 2017, falling by 3.1 per cent other regions during 2018. compared with 2016. HIA’s loan balance at the end of The financial statements show 2017 was nil compared with net assets at the end of 2017 of $500,000 at the end of 2016. HIA $65.7 million, up from $65.2 million continues to maintain a very strong reported in 2016. Total assets balance sheet with over $65 million in increased by $2.2 million and total net assets and five dollars of asset liabilities increased by $1.6 million. for every dollar of liability. The increase in total assets was mainly attributed to an improvement David Linaker in the cash balance. Treasurer ii |HIA ANNUAL REPORT 2017