diseases. Breeders and pre-breeders use available genetic diversity for resistance and tolerance breeding. Growers and their advisers cost-effectively manage pests, weeds and diseases. A greater proportion of growers and their advisers use practices to increase pesticide longevity and reduce the risk of resistance. More than 70% of growers are aware of integrated weed, pest or disease management practices, and 50% use some form of integrated management methods on their farm. Targets Achievements New and cost-effective control methods for weeds, pests and diseases, including new chemistries and non-chemical control tactics, are delivered to the grains industry. New herbicide data packages for the control of ryegrass, summer grasses and fleabane were submitted for registration, in collaboration with manufacturers. Phenoxy herbicides were registered for control of fleabane and minor use permits were issued for control of feathertop Rhodes grass. An emergency permit was delivered for barley powdery mildew in Western Australia. The Harrington Weed Seed Destructor was commercially released to industry. Regionally validated information is readily available to growers and advisers about the benefits (both financial and from avoidance of resistance to chemicals) of integrated methods for control of weeds, pests and diseases. Knowledge of harvest weed seed management was improved. Cultural management of blackleg in canola through variety selection was improved. Tools to determine benefits of integrated weed management were delivered with updates to the Ryegrass Integrated Management (RIM) software. Increased number of growers are adopting integrated control methods. Results of the 2012 Grower Survey showed improvements in the proportion of growers who changed practices directly or indirectly as a result of GRDC information, activities or projects in relation to protecting crops from weeds (57%), pests (48%) and diseases (59%). Growers have the skills to monitor crops and correctly identify weeds, pests and diseases, as well as beneficial organisms; determine whether or not control is warranted; and select the most suitable control method for their situation. Training workshops in weed, pest and disease management, including identification methods, were delivered to growers and advisers. Breeding programs efficiently use the available genetic diversity to improve varietal resistance to weeds, pests and diseases. Improved molecular diagnostics and field calibration tools for the management of soil-borne disease were delivered. Growers reduce their planting of varieties known to be susceptible to pests and diseases, including Results of the 2012 Grower Survey showed that 87% of growers were selecting varieties for pest
clearly focused on delivering business objectives. Finance and administration Manage the accounting and treasury functions in accordance with statutory obligations and requirements and the direction of the GRDC Board. Corporate strategy and communication Support the implementation of the Strategic R&D Plan 2012–17. Each year, the GRDC establishes a work plan to guide staff on the objectives that the corporation expects to achieve. The Board assesses the overall performance of the GRDC based on the criteria established in the work plan. Table 25 sets out the GRDC’s performance against the objectives and measures in the Work Plan 2012–13. Table 25 Performance against work plan measures for 2012–13 Key performance indicator Result Key objective: Strategic direction of the corporation is established and supported by industry and government. The five-year R&D plan: clearly describes investment themes, strategies and performance measures is approved by the Minister and supported by the representative organisation and wider stakeholder base fully complies with the Primary Industries and Energy Research and Development Act 1989. The GRDC’s Strategic R&D Plan 2012–17 was approved by the Minister on 19 June 2012 and publicly launched at the Australian Grains Industry Conference on 31 July 2012. The plan provides a framework for investment based on six themes, and describes the strategies that will be applied to achieve those objectives and the performance indicators that will be used to measure success. Key objective: GRDC’s existing RD&E portfolio delivers maximum value to Australian grain growers Current projects are reviewed for alignment with new themes and strategies. Themes, intermediate outcomes, practice changes and performance metrics are identified in the Strategic R&D Plan 2012–17. All 2012–13 projects were mapped to the relevant theme, investment strategy and supporting program of work. All investment proposals were viewed in context with theme program logics. Systems and processes are working effectively to manage project performance. R&D providers gave positive feedback through the GRDC’s Research Partner Survey. However, significant work remains to be done on systems and processes. Relevant project outputs are delivered to growers in appropriate products and/or services. Project outputs were delivered to growers through: technology, such as barley variety identification services and soil phosphorus measurement tools communications, such as reports, publications, Ground Cover magazine, Ground Cover radio and online content
ACN 147 439 656 Companies limited by shares Arista Cereal Technologies Pty Ltd ACN 122 450 962 Undertakes development of wheat. Is a 21 percent shareholder. Nominates one director. Australian Centre for Plant Functional Genomics Pty Ltd ACN 102 769 808 Conducts functional genomics research into abiotic stress. Is a 19 percent shareholder and provides research funding. Australian Grain Technologies Pty Ltd ACN 100 269 930 Undertakes commercial wheat breeding. Is a 39 percent shareholder and provides research funding. Nominates three directors. Canola Breeders Western Australia Pty Ltd ACN 097 299 619 Undertakes commercial canola breeding focused on Western Australian areas with some adaptation to other regions of Australia. Is a 39 percent shareholder. Nominates one director. HRZ Wheats Pty Ltd ACN 106 590 434 Develops high-yielding milling wheat varieties for Australia’s high-rainfall zone. Is an 18 percent shareholder. Nominates one director. InterGrain Pty Ltd ACN 128 106 945 Undertakes commercial wheat and barley breeding. Is a 27 percent shareholder. Nominates one director. Novozymes Biologicals Australia Pty Ltd ACN 119 069 617 Develops and markets inoculant products to benefit growers. Is a 50 percent shareholder and provides research funding. Nominates two directors.
growers and their advisers in each region. grower-orientated products and services. Deliver high-value regionally relevant products and services to growers and advisers. Evaluate the performance and impact of GRDC products and services on growers’ performance. North, south and west communication and coordination North, south and west regional program development Publications Technical/scientific communication Webmaster services Commercial Access and develop innovation from Australia and overseas to ensure that it is commercialised in such a way that the overall benefit to Australian grain growers is optimised. Identify the opportunities provided within the GRDC R&D portfolio to form more commercial partnerships to deliver benefits to the Australian industry. Expand the GRDC’s global reach in order to increase the availability of technology to the Australian industry. Assess the value of the GRDC’s commercially orientated investments. Ensure that the GRDC’s investment in intellectual property and commercial enterprises continues to be focused on providing a return on investment. Commercial enterprises Commercial farm technologies Commercial grain technologies Enabling business group Corporate Services In the context of the GRDC delivering benefits to its stakeholders, provide: the supporting services required for the GRDC to plan, conduct, report on and assess the effectiveness of its operations processes to assist the operational business groups to achieve their objectives support for effective governance of the GRDC by the Board. Plan to satisfy corporation objectives. Establish business processes to optimally support all business groups in the GRDC. Provide services to the operational business groups (human resources, information technology, records management and evaluation). Report for risk and compliance purposes. Perform financial forecasting, reporting and budgeting. Provide legal advice to the corporation. Conduct performance evaluation, including impact assessment. Perform portfolio and business Business processes Compliance Finance Human resources and industrial relations Impact assessment Information technology Legal Office management Planning, strategy and reporting Procurement Records management
FINANCIAL STATEMENTS Independent auditor’s report Statement by directors and chief financial officer Statement of comprehensive income Balance sheet Statement of changes in equity Cash flow statement Schedule of commitments Notes to and forming part of the financial statements Independent auditor’s report Statement by directors and chief financial officer
Under the equity method, investments in associates are carried in the Corporation’s balance sheet at cost as adjusted for post-acquisition changes in the Corporation’s share of net assets of the associates. Goodwill relating to an associate is included in the carrying amount of the investment. After the application of the equity method, the Corporation determines whether it is necessary to recognise any impairment loss with respect to the net investment in associates. 1.13 Financial Liabilities Financial liabilities are classified as either financial liabilities at ‘fair value through profit or loss’ or other financial liabilities. Financial liabilities are recognised and derecognised upon ‘trade date’. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss are initially measured at fair value. Subsequent fair value adjustments are recognised in profit or loss. The net gain or loss recognised in profit or loss incorporates any interest paid on the financial liability. Other financial liabilities Other financial liabilities, including borrowings, are initially measured at fair value, net of transaction costs. These liabilities are subsequently measured at amortised cost using the effective interest method, with interest expense recognised on an effective yield basis. The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or, where appropriate, a shorter period. Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that the goods or services have been received (and irrespective of having been invoiced). 1.14 Contingent Liabilities and Contingent Assets Contingent liabilities and contingent assets are not recognised in the Balance Sheet but are reported in the relevant schedules and notes. They may arise from uncertainty as to the existence of a liability or asset, or represent an asset or liability in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain and contingent liabilities are disclosed when settlement is greater than remote.
12C – Average Annual Reportable Remuneration Paid to Other Highly Paid Staff During the reporting period 2013 Average annual reportable remuneration1 Staff No. Reportable salary2,6 $ Contributed Superannuation3,6 $ Reportable Allowances4 $ Bonus Paid5 $ Total $ Total remuneration (including part-time arrangements) $180,000 to $209,999 2 164,818 14,738 22 6,575 186,153 Total 2 2012 Average annual reportable remuneration1 Staff No. Reportable salary2,6 $ Contributed Superannuation3,6 $ Reportable Allowances4 $ Bonus Paid5 $ Total $ Total remuneration (including part-time arrangements) $180,000 to $209,999 - - - - - - Total - Notes This table reports staff: who were employed by the Corporation during the reporting period; whose reportable remuneration was $180,000 or more for the financial period; and were not required to be disclosed in Tables A, B or director disclosures. Each row is an averaged figure based on headcount for individuals in the band. ‘Reportable salary’ includes the following: gross payments (less any bonuses paid, which are separated out and disclosed in the ‘bonus paid’ column); reportable fringe benefits (at the net amount prior to ‘grossing up’ to account for tax purposes); exempt foreign employment income; and salary sacrificed benefits. The ‘contributed superannuation’ amount is the average cost to the corporation for the provision of superannuation benefits to other highly paid staff in that reportable remuneration band during the reporting period. ‘Reportable allowances’ are the average actual allowances paid as per the ‘total allowances’ line on individuals’ payment summaries. ‘Bonus paid’ represents average actual bonuses paid during the reporting period in that reportable remuneration band. The ‘bonus paid’ within a particular band may vary between financial years due to various factors such as individuals commencing with or leaving the entity during the financial year. 6. Various salary sacrifice arrangements were available to other highly paid staff including superannuation, car parking, motor vehicle and expense payment fringe benefits. Salary sacrificebenefits are reported in the ‘reportable salary’ column, excluding salary sacrificed superannuation, which is reported in the ‘contributed superannuation’ column.
Fair value through profit or loss investments are restricted to securities that are in accordance with paragraphs 18(a) – (d) of the CAC Act, including, as a minimum, a Standard and Poor’s long-term rating of A-. Further restrictions are imposed under the policies and procedures of the Corporation. The majority of loans and receivables are cash and levies from industry. The Corporation manages its credit risk through: A monthly review by management of the Corporation’s investments: to ensure that they are in accordance with section 18 of the CAC Act and the Corporation’s policies and procedures; and to assess how the investments are performing against various benchmarks (including the Cash Rate, the 90 Day Bank Bill Index and the UBS Government Bond Index 0-5 years); A biannual review by the Finance, Risk and Audit Committee of the performance of the Corporation’s individually managed funds in comparison with other managed funds investing in the Australian Bond and Australian Cash sectors; and Policies and procedures that guide employees in managing debtors. The Corporation holds no collateral to mitigate against credit risk. Credit quality of financial instruments not past due or individually determined as impaired Not past due nor impaired 2013 $’000 Not past due nor impaired 2012 $’000 Past due or impaired 2013 $’000 Past due or impaired 2012 $’000 Cash and cash equivalents 72,253 77,860 - - Trade and other receivables 21,386 16,709 281 416 Managed funds 147,391 113,767 - - Shares in unlisted companies 7,811 8,107 19,122 16,149 Total 248,841 216,443 19,403 16,565 Ageing of financial assets that are past due but not impaired for 2013 0 to 30 days $’000 31 to 60 days $’000 61 to 90 days $’000 90+ days $’000 Total $’000 Receivables 45 - - 236 281 Total 45 - - 236 281 Ageing of financial assets that are past due but not impaired for 2012 0 to 30 days $’000 31 to 60 days $’000 61 to 90 days $’000 90+ days $’000 Total $’000
industries A3: A4: Reducing and capturing emissions in transport and energy generation A5: Sustainable use of Australia’s biodiversity A6: Developing deep earth resources A7: Responding to climate change and variability productively B3: Preventive healthcare B4: Strengthening Australia’s social and economic fabric C3: Advanced materials C4: Smart information use C5: Promoting an innovation culture and economy D3: Protecting Australia from invasive diseases and pests D4: Protecting Australia from terrorism and crime D5: Transformational defence technologies Rural R&D Priorities Productivity and adding value Improve the productivity and profitability of existing industries and support the development of viable new industries Supply chain and markets Better understand and respond to domestic and international market and consumer requirements and improve the flow of such information through the supply chain, including to consumers Natural resource management Support effective management of Australia’s natural resources to ensure primary industries are both economically and environmentally sustainable Climate variability and climate change Build resilience to climate variability and adapt to and mitigate the effects of climate change Biosecurity Protect Australia’s community, primary industries and environment from biosecurity threats Supporting the Rural R&D Priorities Innovation skills Improve the skills to undertake research and apply its findings Technology Promote the development of new and existing technology a On 21 June 2013, the Australian Government announced the Strategic Research Priorities, which will replace the National Research Priorities. Reporting against the National Research Priorities will conclude at the end of 2013–14.
ARC, DPI VIC, GRDC, SARDI, UA, UM, UQ ACP00002 Australian Centre for Plant Functional Genomics, Phase 2 1 Jan 2008 31 Dec 2012 AEA, DAFF, GRDC AEA00004 South-eastern Australia Grain and Graze 2 program 31 Jan 2010 31 Dec 2013 ABARES, GRDC, MLA BAE00021 Cost of Grain Survey in AAGIS 31 May 2011 30 Jun 2014 ABARES, GRDC, MLA BAE00022 AAGIS and grains reports: 2012–13 1 Jul 2012 30 Jun 2013 ABARES, GRDC BAE00023 GRDC–ABARES Harvesting Productivity genetically modified grains project 1 Jul 2012 30 Jun 2013 ABARES, GRDC BAE00025 Wheat variety a portfolio approach to improve profitability and manage risk 3 Jan 2013 31 Jul 2013 BCG, DAFF, GRDC BWD00018 Northern Victorian Grain and Graze 2 program 31 Jan 2010 31 Dec 2013 CSIRO, DAFF, GRDC CSA00026 Grain & Graze 2—National Integration 30 Jun 2010 30 Jun 2014 CRDC, GRDC DAN00164 Helicoverpa insecticide resistance: monitoring, management and novel methods of helicoverpa control on Bollgard II cotton 1 Jul 2011 30 Jun 2014 CSIRO, DAFF, DAFWA, DEEDI, DERM, DPI VIC, GRDC, I&I NSW, SARDI, UNE, UWA DAF00001 Australia's Farming Future: Climate Change Research Program 1 Apr 2009 30 Sep 2012 DAFF, GRDC DAF00002 Science and Innovation Awards for Young People in Agriculture, Fisheries and Forestry 1 Jul 2009 30 Jun 2013 DAFF, GRDC DAF00003-3 National Adaptation and Mitigation Initiative coordination project 1 Jul 2009 30 Jun 2013 DAFF, DEEDI, GRDC DAQ00162 Grain and Graze Region 1 Apr 2010 31 Dec 2013 DEEDI, GRDC, SRDC DAQ00173 Evaluating the role of brassica crops in south-west Queensland and northern NSW grain-cropping systems 1 May 2011 30 Apr 2014
DEEDI, GRDC, SRDC DAQ00174 Cropping solutions for the sugarcane farming systems of the Burdekin 1 Jun 2011 31 May 2015 GRDC, RIRDC DAS00117 New common and woolly pod vetch varieties for grain and hay/silage production for Australian farmers 30 Jun 2011 30 Jun 2014 DAFF, DPI VIC, GRDC DAV00096 Decreasing nitrous oxide emissions in high-rainfall cropping systems 30 Jun 2009 30 Dec 2012 DAFF, GRDC DAV00121 Sustaining wheat yield and quality under increasing atmospheric carbon dioxide 1 Jul 2011 30 Jun 2014 AVRDC, CIMMYT, DAFF QLD, DPI VIC, ICARDA, ICRISAT, GRDC, I&I NSW, USDA DAV00124 Australian Grains Genebank—Phase 1 1 Jul 2012 30 Jun 2013 DAFF, DPI VIC DAV00125 MPCN II—Improving nitrous oxide abatement in higher rainfall cropping systems and developing nitrogen response curves 1 Jul 2012 30 Jun 2015 AVRDC, CIMMYT, DAFF QLD, DPI VIC, ICARDA, ICRISAT, GRDC, I&I NSW, USDA DAV00131 Australian Grains Genebank—Phase 2 30 Jun 2013 30 Jun 2017 DAFF, GRDC DEF00001 Regional scenario analyses for cropping in future climates 1 Dec 2011 30 Nov 2014 DAFF, DEEDI, DERM, GRDC, QUT ERM00001 Reducing nitrous oxide emissions from sugarcane lands 15 Mar 2009 30 Dec 2012 DAFF, FG, GRDC FGI00007 Grain and Graze 2—WA region 1 Apr 2010 31 Dec 2013 DAFF, FR, GRDC FLR00006 Grain and Graze 2—Building resilient mixed farming systems in southern NSW 1 Apr 2010 31 Dec 2013 DAFF, GRDC, MCC MCC00011 National Agricultural Nitrous Oxide Research of performance 15 Oct 2012 30 Jun 2015 DA, DAFWA, GRDC, HAL, MCV00006 Assessing and managing heat stress in cereals 1 Jul 2008 30 Jun 2013
MLA, RIRDC, SRDC DA, DAFWA, GRDC, HAL, MLA, RIRDC, SRDC MCV00007 Teleconnections between climate drivers and regional climate, and model representation of links 31 May 2010 31 May 2013 DA, DAFWA, GRDC, HAL, MLA, RIRDC, SRDC MCV00008 Improving forecast accuracy, especially with improved Indian Ocean initialisation 31 May 2010 31 May 2013 DA, DAFWA, GRDC, HAL, MLA, RIRDC, SRDC MCV00009 Improving multiweek predictions 1 Oct 2009 30 Sep 2012 DA, DAFWA, GRDC, HAL, MLA, RIRDC, SRDC MCV00010 Understanding frost risk in a variable and changing climate 30 Jun 2010 30 Dec 2012 DA, DAFWA, GRDC, HAL, MLA, RIRDC, SRDC MCV00013 Temperature extremes and cropping in WA 1 Mar 2010 28 Feb 2013 DA, GRDC, HAL, MLA, RIRDC, SRDC MCV00014 Managing Climate Variability—communication support 1 Jul 2008 30 Jun 2013 DA, DAFWA, GRDC, HAL, MLA, RIRDC, SRDC MCV00015 Managing Climate Variability Program 3—Program Coordinator 1 Jul 2008 30 Jun 2013 DA,GRDC, HAL, MLA, RIRDC, SRDC MCV00017 Managing Climate Variability Program 3—Communication support and administration 1 Jul 2008 30 Jun 2013 DA,GRDC, HAL, MLA, RIRDC, SRDC MCV00023 Managing Climate Variability Program 3—Program management committee 1 Jul 2008 30 Jun 2013 DA,GRDC, HAL, MLA, RIRDC, SRDC MCV00024 Managing Climate Variability Program 3—Independent chair 1 Jul 2009 30 Jun 2011 DA,GRDC, HAL, MLA, RIRDC, SRDC MCV00028 Managing Climate Variability—climate analyser decision support system tools 1 Dec 2010 30 Aug 2012 DA,GRDC, HAL, MLA, RIRDC, SRDC MCV00030 Adding value to climate risk management decision support systems 1 Jan 2011 30 Jun 2012 DA,GRDC, HAL, MCV00031 Predictions of heat extremes 30 Jun 2011 31 Dec 2013
MLA, RIRDC, SRDC on the multi-week timescale DA,GRDC, HAL, MLA, RIRDC, SRDC MCV00032 Northern prediction 1 May 2011 30 Apr 2013 DA, GRDC, HAL, MLA, RIRDC, SRDC MCV00033 Managing Climate Variability Program—Climate Champion 1 Jun 2012 30 Jun 2013 DA, DAFWA, GRDC, HAL, MLA, RIRDC, SRDC MCV00034 Multi-week climate outlook products for 2 30 Jun 2013 30 Jun 2014 DAFF, GRDC, NRS NRS00005 National leadership and mentoring 1 Jul 2009 30 Jun 2013 ANU, CSIRO, DEST, GRDC, UNSW, UQ, UWA NYS00002 National Youth Science Forum 1 Jul 2011 30 Jun 2015 DEEDI, GRDC, PRC, UQ PCL00008 Pork CRC projects related to grain handling and statistical analysis 1 Jul 2011 30 Jun 2014 GRDC, PNP, SAGIT PNP00001 Increasing the value and marketability of feed grains for the grains industry 1 Jul 2010 30 Jun 2013 GRDC, RIRDC RDC00006 Investing in Youth initiative 1 Jan 2010 31 Dec 2013 GRDC, RIRDC RDC00008 Contribution to the collaborative venture for farming and fishing health and safety initiative 2012 1 Jul 2012 30 Jun 2017 GRDC, RIRDC RDC00009 National Oat Breeding Program: healthy and productive grain varieties for the future 1 Jul 2012 30 Jun 2015 GRDC, RIRDC RDC00010 Horizon Scholarship sponsorship 1 Jun 2013 1 Mar 2018 DAFF, GRDC, ROE ROE00001 Grain and Graze and evaluation 1 Jul 2009 30 Jun 2014 DAFF, GRDC, SFS SFS00020 Southern Victorian Grain and Graze 2 program 31 Jan 2010 31 Dec 2013 GRDC, SRDC SRD00004 Water use efficiency 1 Jul 2010 30 Jun 2014 DPI VIC, GRDC, UA UA00111 Developing chemical methods to mobilise fixed nutrients in cropping soils 30 Jun 2009 31 Dec 2013 DAFF, GRDC, UA UA00117 Eyre Peninsula Grain and Graze 2 31 Mar 2010 31 Dec 2013
REFERENCES Abbreviations list Compliance index Alphabetical index Abbreviations list ABARES Australian Bureau of Agricultural and Resource Economics and Sciences AgT Agribusiness Training Program APSIM Agricultural Production Systems Simulator BFDC Making Better Fertiliser Decisions for Cropping in Australia CAC Act Commonwealth Authorities and Companies Act 1997 CAIGE CIMMYT–Australia–ICARDA Germplasm Evaluation CIMMYT International Maize and Wheat Improvement Center CSIRO Commonwealth Scientific and Industrial Research Organisation DBA Durum Breeding Australia EPBC Act Environment Protection and Biodiversity Conservation Act 1999 FOI Act Freedom of Information Act 1982 GPA Grain Producers Australia Limited GPS Global Positioning System GRDC Grains Research and Development Corporation GST goods and services tax ICARDA International Center for Agricultural Research in the Dry Areas IPS Information Publication Scheme NVT National Variety Trials PBA Pulse Breeding Australia PBR plant breeder’s rights PHS pre-harvest sprouting PIERD Act Primary Industries and Energy Research and Development Act 1989 QTL quantitative trait loci R&D research and development RD&E research, development and extension RDCs rural R&D corporations SLG Senior Leadership Group
Compliance index CAC Act requirements Approval by directors x Auditor-General’s report 143–4 Board committees 118 Corporate governance 131–4 Directors particulars 113–6 Board meetings attended 118 education and performance reviews 117 Directors’ statement x Enabling legislation 2 Ethics and risk management 131–2 Exemptions not applicable Financial statements 146–51 Government policies and General Policy Orders 125–6 Indemnities and insurance premiums for officers 133 Judicial decisions and reviews by outside bodies 129 Key activities and changes ii, 22–111, 129-30, 146–89 Location of major activities and facilities 14-15 Ministerial directions 125-6 Responsible minister 125 Operational and financial results 22–111, 146–89 Organisational structure 12-13 Other legislation Environment Protection and Biodiversity Conservation Act 1999 133 National Disability Strategy 2010–20 (Commonwealth Disability Discrimination Act 1992) 139 Freedom of Information Act 1982 134 Work Health and Safety Act 2011 Related entity transactions Not applicable Significant events under section 15 PIERD Act requirements Acquisition and disposition of real estate not applicable Agreements under sections 13 and 14 194–234 Annual Operational Plan implementation 9, 22–111 Commercial activities 104–7 Companies in which the GRDC has an interest 110-11 Five-year Strategic R&D Plan achievement of objectives 4–8, 22–111 revisions Not applicable Funds sources v, 2, 127, 146–89 expenditure v, 146–89, 193–229 Intellectual property 109