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Adelaide Festival Centre Trust

Functional responsibility

The Adelaide Festival Centre Trust (the Trust) is a body corporate established by the Adelaide Festival Centre Trust Act 1971. The Trust is under the general control and direction of the Minister for the Arts.

The Trust is responsible for encouraging and facilitating artistic, cultural and performing arts activities throughout the State and managing and maintaining the Adelaide Festival Centre and Her Majesty’s Theatre, both leased from Arts SA. Further information on the Trust’s objectives is provided in note 1 of the financial report.

The Trust also operates the BASS ticketing system to sell tickets primarily for artistic performances held at the Adelaide Festival Centre and Her Majesty’s Theatre.


Financial statistics
Net cost of providing services: $17 million
   
Revenues from SA Government: $18 million
   
Revenues from fees and charges: $26 million
   
Net assets: $10 million
   
Number of FTEs: 240
(including 86 casuals)
   
Ticketed attendances: 478 997
   
Total attendances: 828 475

Significant events and transactions

The Trust borrowed $1.7 million from the South Australian Government Financing Authority to purchase $1.9 million in land and buildings adjacent to Her Majesty’s Theatre.


Financial statement opinion
Unmodified