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&lt;br /&gt; Our Year In Rugby&lt;br /&gt; 2010 Annual Report&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; NEW ZEALAND RUGBY UNION&lt;br /&gt; All Blacks with Bledisloe Cup in Christchurch&lt;br /&gt; &lt;br /&gt; S&lt;br /&gt; M&lt;br /&gt; &lt;br /&gt; ealand aori celebrate their clean sweep in the ealord New&lt;br /&gt; New&lt;br /&gt; &lt;br /&gt; Z&lt;br /&gt; &lt;br /&g<a title="NZRU AR 2010 page 1" href="http://viewer.zmags.com/publication/54764963?page=1">Our Year In Rugby2010 Annual Report</a> Our Year In Rugby2010 Annual Report<a title="NZRU AR 2010 page 2" href="http://viewer.zmags.com/publication/54764963?page=2">All Blacks with Bledisloe Cup in ChristchurchS</a> All Blacks with Bledisloe Cup in ChristchurchS<a title="NZRU AR 2010 page 3" href="http://viewer.zmags.com/publication/54764963?page=3">New ealand nder 2Z U </a> New ealand nder 2Z U <a title="NZRU AR 2010 page 4" href="http://viewer.zmags.com/publication/54764963?page=4"> A VISION FORRUGBY IN NEW ZEALAND</a> A VISION FORRUGBY IN NEW ZEALAND<a title="NZRU AR 2010 page 5" href="http://viewer.zmags.com/publication/54764963?page=5">rf r . /o mance 77 5 100Pe2010Per</a> rf r . /o mance 77 5 100Pe2010Per<a title="NZRU AR 2010 page 6" href="http://viewer.zmags.com/publication/54764963?page=6">2010Outcomes4Game Development </a> 2010Outcomes4Game Development <a title="NZRU AR 2010 page 7" href="http://viewer.zmags.com/publication/54764963?page=7">Strong Community Rugby </a> Strong Community Rugby <a title="NZRU AR 2010 page 8" href="http://viewer.zmags.com/publication/54764963?page=8">NZRU BoardPro&#64257;les</a> NZRU BoardPro&#64257;les<a title="NZRU AR 2010 page 9" href="http://viewer.zmags.com/publication/54764963?page=9">Christopher is a current director of VBase AMI St</a> Christopher is a current director of VBase AMI St<a title="NZRU AR 2010 page 10" href="http://viewer.zmags.com/publication/54764963?page=10">Chairman&rsquo;sReportMike Eagle</a> Chairman&rsquo;sReportMike Eagle<a title="NZRU AR 2010 page 11" href="http://viewer.zmags.com/publication/54764963?page=11">* The All Blacks ensured that the Bledisloe Cup w</a> * The All Blacks ensured that the Bledisloe Cup w<a title="NZRU AR 2010 page 12" href="http://viewer.zmags.com/publication/54764963?page=12">The All Blacks were also involved in the producti</a> The All Blacks were also involved in the producti<a title="NZRU AR 2010 page 13" href="http://viewer.zmags.com/publication/54764963?page=13">CEO's ReportSteve Tew2010 can be remembered as</a> CEO's ReportSteve Tew2010 can be remembered as<a title="NZRU AR 2010 page 14" href="http://viewer.zmags.com/publication/54764963?page=14">Our National Teams were outstanding in their comp</a> Our National Teams were outstanding in their comp<a title="NZRU AR 2010 page 15" href="http://viewer.zmags.com/publication/54764963?page=15">Scoreboard performanceWe are able to report a Sc</a> Scoreboard performanceWe are able to report a Sc<a title="NZRU AR 2010 page 16" href="http://viewer.zmags.com/publication/54764963?page=16">For RWC 2011, Other priorities incl</a> For RWC 2011, Other priorities incl<a title="NZRU AR 2010 page 17" href="http://viewer.zmags.com/publication/54764963?page=17">PriorityReports1. Implement the Community Rug</a> PriorityReports1. Implement the Community Rug<a title="NZRU AR 2010 page 18" href="http://viewer.zmags.com/publication/54764963?page=18">All BlacksIRB Team of the YearGraham HenryIRB</a> All BlacksIRB Team of the YearGraham HenryIRB<a title="NZRU AR 2010 page 19" href="http://viewer.zmags.com/publication/54764963?page=19">3. Drive Revenue Generation, Cost Management a</a> 3. Drive Revenue Generation, Cost Management a<a title="NZRU AR 2010 page 20" href="http://viewer.zmags.com/publication/54764963?page=20">However, high player and operating costs for some</a> However, high player and operating costs for some<a title="NZRU AR 2010 page 21" href="http://viewer.zmags.com/publication/54764963?page=21">At the November launch, the NZRU was also proud t</a> At the November launch, the NZRU was also proud t<a title="NZRU AR 2010 page 22" href="http://viewer.zmags.com/publication/54764963?page=22">The quality ofNew Zealand's coachesand referees</a> The quality ofNew Zealand's coachesand referees<a title="NZRU AR 2010 page 23" href="http://viewer.zmags.com/publication/54764963?page=23">The importance of relationships was re&#64258;ected by c</a> The importance of relationships was re&#64258;ected by c<a title="NZRU AR 2010 page 24" href="http://viewer.zmags.com/publication/54764963?page=24">On-Field Results22All Blacks2010 Steinlager </a> On-Field Results22All Blacks2010 Steinlager <a title="NZRU AR 2010 page 25" href="http://viewer.zmags.com/publication/54764963?page=25">New Zealand MaoriSealord New Zealand Maori Cent</a> New Zealand MaoriSealord New Zealand Maori Cent<a title="NZRU AR 2010 page 26" href="http://viewer.zmags.com/publication/54764963?page=26">24New Zealand Heartland XVNew Zealand Marist </a> 24New Zealand Heartland XVNew Zealand Marist <a title="NZRU AR 2010 page 27" href="http://viewer.zmags.com/publication/54764963?page=27">2010 Commonwealth Games, Delhi11 October Ne</a> 2010 Commonwealth Games, Delhi11 October Ne<a title="NZRU AR 2010 page 28" href="http://viewer.zmags.com/publication/54764963?page=28">26ITM CupSeMIFINALSCanterbury 57 Wellington </a> 26ITM CupSeMIFINALSCanterbury 57 Wellington <a title="NZRU AR 2010 page 29" href="http://viewer.zmags.com/publication/54764963?page=29">NICK BRIANtIRB Sevens World Series &ndash; Adelaide,H</a> NICK BRIANtIRB Sevens World Series &ndash; Adelaide,H<a title="NZRU AR 2010 page 30" href="http://viewer.zmags.com/publication/54764963?page=30">O&#64256;-Field ResultsGroup Statement of Comprehensive</a> O&#64256;-Field ResultsGroup Statement of Comprehensive<a title="NZRU AR 2010 page 31" href="http://viewer.zmags.com/publication/54764963?page=31">Group Balance SheetAs at 31 December 2010</a> Group Balance SheetAs at 31 December 2010<a title="NZRU AR 2010 page 32" href="http://viewer.zmags.com/publication/54764963?page=32">Group Statementof Changes in EquityFor the year</a> Group Statementof Changes in EquityFor the year<a title="NZRU AR 2010 page 33" href="http://viewer.zmags.com/publication/54764963?page=33">Parent Statementof Comprehensive IncomeFor the </a> Parent Statementof Comprehensive IncomeFor the <a title="NZRU AR 2010 page 34" href="http://viewer.zmags.com/publication/54764963?page=34">Parent Balance SheetAs at 31 December 2010</a> Parent Balance SheetAs at 31 December 2010<a title="NZRU AR 2010 page 35" href="http://viewer.zmags.com/publication/54764963?page=35">Parent Statementof Changes in EquityFor the yea</a> Parent Statementof Changes in EquityFor the yea<a title="NZRU AR 2010 page 36" href="http://viewer.zmags.com/publication/54764963?page=36">Notes to the Financial StatementsFor the year en</a> Notes to the Financial StatementsFor the year en<a title="NZRU AR 2010 page 37" href="http://viewer.zmags.com/publication/54764963?page=37">All signi&#64257;cant inter-entity transactions are elim</a> All signi&#64257;cant inter-entity transactions are elim<a title="NZRU AR 2010 page 38" href="http://viewer.zmags.com/publication/54764963?page=38">1. Statement of Accounting Policies (continued)</a> 1. Statement of Accounting Policies (continued)<a title="NZRU AR 2010 page 39" href="http://viewer.zmags.com/publication/54764963?page=39">Derivatives are initially recognised at fair valu</a> Derivatives are initially recognised at fair valu<a title="NZRU AR 2010 page 40" href="http://viewer.zmags.com/publication/54764963?page=40">1. Statement of Accounting Policies (continued)</a> 1. Statement of Accounting Policies (continued)<a title="NZRU AR 2010 page 41" href="http://viewer.zmags.com/publication/54764963?page=41">3. Loss for the YearNoteIncomeIncome from </a> 3. Loss for the YearNoteIncomeIncome from <a title="NZRU AR 2010 page 42" href="http://viewer.zmags.com/publication/54764963?page=42">4. Income TaxIncome taxLoss before Income T</a> 4. Income TaxIncome taxLoss before Income T<a title="NZRU AR 2010 page 43" href="http://viewer.zmags.com/publication/54764963?page=43">6. Remuneration of AuditorAuditor of the par</a> 6. Remuneration of AuditorAuditor of the par<a title="NZRU AR 2010 page 44" href="http://viewer.zmags.com/publication/54764963?page=44">8. Loans and AdvancesNoteCurrent portionPr</a> 8. Loans and AdvancesNoteCurrent portionPr<a title="NZRU AR 2010 page 45" href="http://viewer.zmags.com/publication/54764963?page=45">10. Property, Plant and EquipmentGross Car</a> 10. Property, Plant and EquipmentGross Car<a title="NZRU AR 2010 page 46" href="http://viewer.zmags.com/publication/54764963?page=46">11. Intangible AssetsGRoUp &amp; pAReNtCoNtRIBUtI</a> 11. Intangible AssetsGRoUp &amp; pAReNtCoNtRIBUtI<a title="NZRU AR 2010 page 47" href="http://viewer.zmags.com/publication/54764963?page=47">13. Investment in Associates CoUNtRY oFIN</a> 13. Investment in Associates CoUNtRY oFIN<a title="NZRU AR 2010 page 48" href="http://viewer.zmags.com/publication/54764963?page=48">14. Joint VentureNZRU has a one-third share in </a> 14. Joint VentureNZRU has a one-third share in <a title="NZRU AR 2010 page 49" href="http://viewer.zmags.com/publication/54764963?page=49">16. Provision for Player Payment VariationUnder</a> 16. Provision for Player Payment VariationUnder<a title="NZRU AR 2010 page 50" href="http://viewer.zmags.com/publication/54764963?page=50">18. Provision For Medical Costs (continued)The </a> 18. Provision For Medical Costs (continued)The <a title="NZRU AR 2010 page 51" href="http://viewer.zmags.com/publication/54764963?page=51">20. Provision for Doubtful DebtsCarrying Val</a> 20. Provision for Doubtful DebtsCarrying Val<a title="NZRU AR 2010 page 52" href="http://viewer.zmags.com/publication/54764963?page=52">23. Financial InstrumentsFinancial Risk Managem</a> 23. Financial InstrumentsFinancial Risk Managem<a title="NZRU AR 2010 page 53" href="http://viewer.zmags.com/publication/54764963?page=53">FoRWARD FoReIGN eXChANGe CoNtRACtSIt is the poli</a> FoRWARD FoReIGN eXChANGe CoNtRACtSIt is the poli<a title="NZRU AR 2010 page 54" href="http://viewer.zmags.com/publication/54764963?page=54">23. Financial Instruments (continued)MAtURItY p</a> 23. Financial Instruments (continued)MAtURItY p<a title="NZRU AR 2010 page 55" href="http://viewer.zmags.com/publication/54764963?page=55">WeIGhteDAVeRAGeeFFeCtIVeINteReSt RAte %</a> WeIGhteDAVeRAGeeFFeCtIVeINteReSt RAte %<a title="NZRU AR 2010 page 56" href="http://viewer.zmags.com/publication/54764963?page=56">23. Financial Instruments (continued)Categorisa</a> 23. Financial Instruments (continued)Categorisa<a title="NZRU AR 2010 page 57" href="http://viewer.zmags.com/publication/54764963?page=57">24. Operating Lease CommitmentsNot later tha</a> 24. Operating Lease CommitmentsNot later tha<a title="NZRU AR 2010 page 58" href="http://viewer.zmags.com/publication/54764963?page=58">27. Reconciliation of Net Loss after Tax with Net</a> 27. Reconciliation of Net Loss after Tax with Net<a title="NZRU AR 2010 page 59" href="http://viewer.zmags.com/publication/54764963?page=59">pAReNtNet Loss After taxItems Classi&#64257;ed as Inve</a> pAReNtNet Loss After taxItems Classi&#64257;ed as Inve<a title="NZRU AR 2010 page 60" href="http://viewer.zmags.com/publication/54764963?page=60">28. Transactions with Related Parties (continued)</a> 28. Transactions with Related Parties (continued)<a title="NZRU AR 2010 page 61" href="http://viewer.zmags.com/publication/54764963?page=61">Independent Auditor&rsquo;s ReportTo the Members of Ne</a> Independent Auditor&rsquo;s ReportTo the Members of Ne<a title="NZRU AR 2010 page 62" href="http://viewer.zmags.com/publication/54764963?page=62">RugbyStories</a> RugbyStories<a title="NZRU AR 2010 page 63" href="http://viewer.zmags.com/publication/54764963?page=63">The Appeal is one of a number of initiatives that</a> The Appeal is one of a number of initiatives that<a title="NZRU AR 2010 page 64" href="http://viewer.zmags.com/publication/54764963?page=64">The celebration ofthe New ZealandMaori rugby te</a> The celebration ofthe New ZealandMaori rugby te<a title="NZRU AR 2010 page 65" href="http://viewer.zmags.com/publication/54764963?page=65">A 26-man squad was named for the Centenary Series</a> A 26-man squad was named for the Centenary Series<a title="NZRU AR 2010 page 66" href="http://viewer.zmags.com/publication/54764963?page=66">All Blacks CappingandAucklFrom the earliest </a> All Blacks CappingandAucklFrom the earliest <a title="NZRU AR 2010 page 67" href="http://viewer.zmags.com/publication/54764963?page=67">Community Rugby Legacy InitiativesRugby is part</a> Community Rugby Legacy InitiativesRugby is part<a title="NZRU AR 2010 page 68" href="http://viewer.zmags.com/publication/54764963?page=68">Steinlager Rugby AwardsA stunning year of succe</a> Steinlager Rugby AwardsA stunning year of succe<a title="NZRU AR 2010 page 69" href="http://viewer.zmags.com/publication/54764963?page=69">tom French Memorial Maori player of the YearWinn</a> tom French Memorial Maori player of the YearWinn<a title="NZRU AR 2010 page 70" href="http://viewer.zmags.com/publication/54764963?page=70">Obituaries</a> Obituaries<a title="NZRU AR 2010 page 71" href="http://viewer.zmags.com/publication/54764963?page=71">Eric Tindill Eric William Thomas TindillBorn 18 </a> Eric Tindill Eric William Thomas TindillBorn 18 <a title="NZRU AR 2010 page 72" href="http://viewer.zmags.com/publication/54764963?page=72">Provincial UnionsAUCKLAND RFU </a> Provincial UnionsAUCKLAND RFU