KU Annual Report KU Annual Report 2017 | Page 5

CHAIR AND CEO’S REPORT KU 20 17 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. 3