Australian Karting Association Ltd 2018 Annual Report Released

Australian Karting Association Ltd (Karting Australia) today released the 2018 Annual Report covering its fifth full year of operation since restructuring as a Company Limited by Guarantee.

The 67-page report (viewable by clicking on the image to the right) outlines the progress made by Karting Australia and the challenges faced throughout 2018.

Highlights include:

  • The increased focus on Clubs and Grassroots karting including:
    • The introduction of 4SS karting – the first Club level only Class introduced into Australian karting for many years;
    • Introduction of the SP Tools Club Driver Rankings program with Australian karting’s largest ever prize pool;
    • Initiating the Plus 1 Project leading to the Building Better Kart Clubs program and conference series;
  • A retained surplus in excess of $2 million for the third consecutive year;
  • Exceeding revenue targets for the fifth successive year;
  • Increased sponsorship revenue;
  • More than $550,000 of AKA’s total ordinary expenditure was spent on development of the sport, to the direct benefit of:
    • State Association assistance programs;
    • Building Better Kart Clubs programs;
    • AKC host Clubs revenue share;
    • State Championship support;
    • Development and new participant attraction programs;
    • Grants programs.
    • Continuation of the highly successful Junior Sprockets development program;

The report also highlights the challenges and extraordinary costs incurred as a direct result of the issues that arose in New South Wales karting during the year.

To view the 2018 Annual Report please click here.