CHAIR AND CEO’S REPORT
KU
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The scale and diversity of KU’s
operations in 2017 were reflected
in our $137m annual turnover.
A sound financial $5.7m surplus
result was delivered, in keeping with
the commitment to a Return on
Revenue target of between 3 and
4.5% annually. Most importantly,
this surplus will enable ongoing re-
investment in our strategic priorities.
KU continued to increase our
significant investment in activities
which have the greatest social impact,
including supporting some of our most
vulnerable children, and facilitating
our journey towards reconciliation.
KU expended $1.5m in this area
throughout 2017; a significant
increase on the previous year and a
trend we are committed to continuing. More than $1m was invested in
improvements and upgrades to our
existing facilities, ensuring our centres
continue to offer safe and nurturing
learning environments for children.
A focus on both expanding our reach
and securing the tenure of premises
saw KU purchase a preschool site
in the NSW Illawarra region and
welcome KU Figtree into our family.
This is KU’s first site acquisition
in many years and we are pleased
to be investing in the long term
future of KU, and community based
preschools. The ongoing development of KU
staff is always a priority for KU, and
an investment of more than $600k
in professional learning throughout
2017 continues to return positive
outcomes for the staff, and
ultimately children.
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