te rūnanga o ngāti awa hapū

Transcription

TE RŪNANGA O NGĀTI AWA HAPŪ
HAPŪ
JUNE 2013
NOV 2013
REPRESENTATIVE
Ngāti Awa ki Pôneke
308
309
Bruce Aranga
Ngāti Awa ki Tamaki Makaurau
316
331
Hone Stipich
Ngāti Hāmua
478
480
Miro Araroa
Ngāti Hikakino
567
565
Enid Ratahi-Pryor
Resigned September 2012
Ngāti Hokopū ki Hokowhitu
651
644
Tani Wharewera
Ngāti Hokopū ki Wairaka
1,363
1,392
Charlie Bluett
Ngā Maihi
1,823
1,820
Regina O’Brien
Ngāti Maumoana
105
107
Stefan Haua
Ngāti Pūkeko
2,563
2,559
Joe Mason
Ngāti Rangataua
500
506
Te Kei Merito
Ngāi Te Rangihouhiri II
614
618
Manurere Glen
Ngāi Tamaoki
820
823
Patrick Raimona-Salmon
Ngāi Tamapare
419
412
Ngahuia Brown
Ngāi Tamawera
1,107
1,130
Monte Aranga
Ngāi Taiwhakaea II
1,383
1,385
Joe Harawira
Te Kahupāke
695
696
Mihipeka Sisley
Te Pahipoto
2,211
2,199
Charlie Elliott Snr
Te Patuwai
1,251
1,254
Riritahi Williams
Te Tāwera
879
873
Pouroto Ngaropo
Te Warahoe
568
568
Aubrey Kohunui
Tūariki
325
323
Mere Hepi
Wharepaia
533
531
Materoa Dodd
Elected to be known as Ngāti Awa
73
73
TOTALS
19,552
19,598
CONTENTS
TE RŪNANGA O NGĀTI AWA
2Karakia
3
He Kupu Whakapūaki i te mana
4
Chairmans Report
8Manahautū Report
12 Te Ara Poutama Outcomes 2012-2013
18 Scholarship & Grant Recipients
26 Development Ngāti Awa
27
- Te Whare Wānanga o Awanuiārangi
28
- Te Reo Irirangi o Te Mānuka Tūtahi
29
- Ngāti Awa Tertiary & Training
30
- Te Tohu o Te Ora o Ngāti Awa
NGĀTI AWA GROUP HOLDINGS LTD
32
38
41
42
Chairmans Report
Auditors Report
Directory of Officers
Te Rūnanga o Ngāti Awa Financial Statements
ANNUAL REPORT 2013
| TAHI |
1
HE TANGI WHAKAKŪREPE
HE TANGI ROIMATA KI
NGĀ MATE HŪHUA O NGĀTI AWA.
Ka hinga, ka mate, ka hinga, te rakau, na aitu hau, na aitu pawa. I reira te
tangi, I reira te rakau takiwara he tau tika he tau oha ka anga uta ka anga te
po. Ki ngā mate huhua o Ngāti Awa, i hinga atu, i hinga mai nei i roto i tēnei
tau, hāere, hāere, hāere. Hāere ngā mate whānui o Ngāti Awa i te ata hāpara;
takahia e koutau ka rū te whenua; kia oioi te whenua, oioi te po; oioi te ao.
Takiri manawa ki runga takiri manawa ki te whenua; ka puta te hau o Pūtauaki;
ka riro ia Awanuiārangi tokotoko te po tokotoko te ao. Ko Papatūānuku te
takotoranga; ka maranga i kona, te tokotokorangi, nā tokotokorangi i kawhaki
mai o koutou wairua, takoto mai i roto o whare aitua o Ngāti Awa te toki
tangatanga I te ra. No reira, ko koutau te hunga kua huri tuara mai ki te ao
tūroa, whakaatuhia mai ki ngā uri o ngā hapū o Ngāti Awa, ngā uri mahue iho
te māramatanga o te ao huna. E ki ana te kōrero. Ahakoa kua ngaro te huia
i te Aoturoa, ko ana kupu ka mau tonu, ka mau tonu. Apiti hono tatai hono,
whatungarongaro te hunga wairua, toitū te hunga ora. Whakatau mai ra ki te
poho o Te Rūnanga o Ngāti Awa e maioha atu nei, e karanga atu nei e pōhiri
atu nei kia koutou ngā hapū o Ngāti Awa kua tae mai ki te hui a houanga, ki te
ui a tau. Turuki, turuki, paneke, paneke haere mai te toki haumi e, ui e, taiki
e. Mā tēnei hui, ka mōhio koutou ki ngā mahi, kua tūtuki e Te Rūnanga i tenei
houanga, ka tau!
HE KARAKIA WHAKAPŪMAU
Tūtapa mai nuku, Tūtapa mai rangi, Tūtapa mai i runga, Tūtapa mai i raro,
Korotaha te po, Korotaha te ao, Mā raro mai koe, Mā runga atu au,
Ka puta ngā kōrero, ngā Wānanga, Ki te whai ao ke te ao mārama
Tūturu whakamaua kia tina, tina, Ui e, taiki e.
2
| RUA |
ANNUAL REPORT 2013
HE KUPU WHAKAPŪAKI I TE MANA
O NGĀTI AWA ME ŌNA MARAE
ME ŌNA HAPŪ KĀRANGARANGA
Takiri mai ko te ata ki runga i te tihi o Pūtauaki he maunga aweko, he
maunga tū tonu i te po, tu tonu i te ao. Heke iho au ki te awa o Tarawera ki
te papa whenua o Whariki Te Toki ko Iramoko ko Te Paetata ko ngā uri o Te
Ramaapakura ko Te Tāwera e. Hāngai taku titiro ki Whakapaukōrero ko Te
Awa o Te Atua. Rere atu ra ki Motiti ko Tamatea ki te huatahi ko Hinewai ko
Te Hinga o Te Ra ko Puna ko Ngāti Makerewai ko Ngāti Takahanga ko Ngāti
Maumoana ko Te Patuwai ki Motiti. Whakawhiti atu au ki Tamaki Makaurau
ki te marae o Mataatua ko Awanuiārangi ko Tūteiere ko Ngāti Awa ki Tamaki
e. Hūpeke atu au ki Te Upoko o Te Ika ko Ngāti Awa ki Poneke e. Rere
arorangi au ki Otautahi ko Ngāti Awa ki Te Waipounamu e. Wania atu au
ki Te Mānuka Tūtahi ko Mataatua ko Te Aroha o Ngāti Awa e. Pahuhu mai
taku titiro ki te whare o Toroa ko Wairaka ko Tamatea ki te huatahi ko Ngāti
Wharepaia e. Whiua reretia taku haere ki Te Rewatu ko Ueimua ko Tapa ko
Ngai Tamapare e. Ka oma tonu atu ki Rangimarie ko Ngāti Rarawhati e. Ka
huri ra te hāere ki Te Pahou ko Rangataua ko Hinekete ko Ngāti Rangataua
e. Piki whakarunga ki Te Pa Poroporo ko Pukeko ko Rangimamao ko Ngāti
Pūkeko e. Huri atu ra ki Te Awanui ko Awanui ko Pahemata e. Rere atu
ra ki Pupuaruhe ko Toroa ko Kakepikitua ko Te Patuwai e. Tau iho au ki
Te Toki Tareke ko Te Marangaranga ko Te Punga i Orohia ko Warahoe e.
Whatoro atu taku hāere ki Waiparapara ko Tūariki ko Te Wairereahiahi
ko Te Tāwera e. Ka titiro atu au ki Te Mapou ko Rongotangiawa ko Hana
Kiriwera ko Ngāti Hamua e. Ka rere atu au ki Hekerangi ko Ruaihona ko
Mahanga I Te Rangi ko Ngai Tamaoki ko Ngāti Tarawhai e. Tū mai koe ko
Tūteao ko Te Whakarurumai o Te Rangi ko Ngā Maihi e. Ka tae atu au ki
Uiraroa ko Tauwhitu ko Ngai Tamawera e. Whakawhiti atu au ki Kokohinau
ko Ruataupare ko Waipunarangi ko Te Pahipoto ko Te Kahupaake e.
Ronakinaki taku hāere ki Te Pahitaua ko Puawairua ko Te Rerehu ko
Ngāti Hikakino e. Hoki kōmuri au ki Te Rangihouhiri ko Uruhina ko Ngai
Te Rangihouhiri e. Ka neke atu au ki Te Pāroa Tōtara ko Taiwhakaea ko
Toanatini ko Ngai Taiwhakaea e.
Ka hoki nei au ki te mauri o tōku iwi ko Ngāti Awa ararau ko Ngāti Awa wharerau
ko Ngāti Awa awarau ko Ngāti Awa kohaorau ko Ngāti Awa te toki tangatanga
i te ra te ngohengohe i te wai. E kokoia e ara e.
ANNUAL REPORT 2013
| TORU |
3
4
| WHĀ |
ANNUAL REPORT 2013
Te Rūnanga o Ngāti Awa
CHAIRMANS
REPORT
E nga Mātāputu noho marae, e ngā Mātātahi takahi
whenua, e nga mana matahiapo tiketike, e ngā
whakamiharotanga, whakapupuri i te whakaaio anei
ngā mihi maioha. Kahore te ao nei tuarua rawa mai,
naku rawa i whakaehu, naku rawa i kakekake, te tapu
o Irakewa i Opihi ra. Kei konei ka mihi pohangahanga
ki ngā manawhenua ō te kī, ngā putunga ō te kupu,
ngāwhakarāwaitanga i te korero i ā rātou e whakahiapo
nei i ā Papa-tū-ā-nuku i tō ratou hinganga. kua kore rā
rātou hei whakaahuru noa mai mo te kiri, hei whakahirihiri
i ngā wā ō te porotaitaka, ō te whakawhitiwhiti whakaaro,
kua riro atu he terenga waka wairua, ara nga waka kua
marewa atu ki ngā hau tāhengihengi ki te aiō mōwai
rokiroki. Ko roimata me hūpe te hunga whakautu.
Whai ake, ko te mihi ki nga hapū me nga marae
whakahirahira o Ngāti Awa, “Te tokiwhakatangatanga i
te ra” e ngakau nui nei ki te whakaara ake i te hikareia
mauri ki te whakarangaranga i te ahua ō te kupu me
ngā whakanikonikotanga i whakareia ki te kōtihitihi ō
ngā mōhukihuki
Embrace the language and
customs of Ngāti Awa
Treasure their intrinsic
values in perpetuity
Else they will become a
casualty of decay
And therefore disappear
into obscurity
To the esteemed guardian elders, industrious youth,
exalted progeny of our Ngāti Awa heritage and
perpetuators of joy and peace I convey the greetings
of your Rūnanga. We cannot expedite the traditional
cultural practices of past times to perfection, however we
can but emulate and continue to sustain the spiritual and
sacred concepts such as that practiced by our illustrious
ancestor Irakewa at Opihi. It is fitting that we pay
homage to our dearly departed ones, the repositories of
oratory eloquence, they who have embraced the bosom
of their ancestor Papa-tū-ā-nuku, their voices never to
be heard, their presence never to be seen, the warmth
of their embrace never to be felt as we are left bereft
of their wisdom and prudence and we therefore lament
at their succumbing to the wiles of Aitua. At the time of
putting pen to paper the status of Ngāti Awa’s registered
adult members has reached 19,600 and what a thrill it
will be if it was possible for the Rūnanga to reach out
and touch base with each one of you wherever you are
in the hope that the concept of whānau support can be
shared. It is my intention to encourage the development
of a robust and extensive iwi communication strategic
direction in the hope that all 19,600 of us can be kept
in the poetical loop giving credence to the whakatauākī
(proverb);
TRoN A
Whakapakaritia te reo me ngā
tikanga ō Ngāti Awa
kia mau hei taonga mō
ake tonu ake
kia kore ai e tihotihoi ki te makihoi,
kei reira ka mānukanuka
ki tōna manauhea
ko te whakamutunga,
ko whatungarongaro
“ Te Kākahoroa tū kotahi kā whati i te hau –te Kākahoroa tū mātotoru e kore e whati ”
It is in unity that we maintain strength
ANNUAL REPORT 2013
| RIMA |
5
A major distraction this year has been the negative
nuances which have unfortunately pervaded the local
media and especially the insidious and disparaging
manner in which the mana (Authority, dignity and
integrity) of Ngāti Awa and its leaders have been
denigrated which is perceived to be consistent with
colonial mentality Māori bashing. Unfortunately there
are also elements within our iwi who contribute to this
intimidating practice by regurgitating their personal
views in other media.
We have not responded to these critical and derogatory
comments but have preferred to pursue the whakatauākī
uttered by our Tīpuna Tohunga, Te Tahi-ō-te Rā “Waiho
rātau mā tō rātou whakamā hei patu – Leave them
for their shame to punish” as a much more dignified
manner of refuting and repudiating the attacks on our
tribal sanctity.
The election process has just been concluded which
has produced an interesting phenomena heralding a
positive result for rotation paradigm at the expense
of continuity. It is here that I acknowledge those
Representatives who are departing and who have
dedicated their time and energy to represent their
hapū across the heterogeneous spectrum of TRONA’s
6
| ONO |
ANNUAL REPORT 2013
corporate and tribal dynamics. To also congratulate
the incumbents who have dedicated themselves to
another term and to welcome the new representatives.
Past Rep
Hapū
Appointed
Joe Harawira Ngai Taiwhakaea Manu Tarau
PatrickSalmon Ngai Tamaoki
Keld Hunia
Monte Aranga Ngai Tamawera Alfred Morrison
Charlie Elliott Te Pahipoto
Tuwhakairiroa O’Brien
Huia Brown Ngai Tamapare Paul Quinn
Vacant
Ngāti Hikakino
Stan Ratahi
Riritahi Williams Te Patuwai
Marcia Wahapango
Bruce Aranga Ngāti Awa ki Serenah Nicholson
Pōneke
John Stipich
Ngāti Awa ki Hakahaka Hona
Tamaki
Charlie Bluett
Ngāti Hokopū Dayle Fenton
Te Whare ō Toroa
Tani Wharewera Ngāti Hokopū Manu Paul
ki Hokowhitu
We look forward to the challenges that will confront
the new look team during its tenure over the next three
years, and it is by taking cognisance of the individual
skills and qualities as building blocks for the foundation
of team work that will in my view, provide a strong
and robust team of governors, however the hapū
imperatives must always be paramount in our minds.
I take the opportunity to acknowledge and thank the
many personages and organisations who have made
huge contributions in the year 2013 especially the CEO
Enid Ratahi-Pryor and her staff for the dignified manner
in which they have performed and provided the desired
outcomes at times under duress.
us and I wish them both good health for more years to
come. In conclusion I take the opportunity to wish you
one and all a very Merry Christmas and Happy 2014
New Year.
The NAGHL directors under the astute leadership of
Sir Wira has kept the corporate waka on an even keel,
and the Kāhui Kaumātua must be appreciated for their
diligence in matters of tikanga. Given its restructure,
Development Ngāti Awa is going through a period of
settling in and is yet to demonstrate its effectiveness.
It would be remiss of me if I did not acknowledge and
commend Ngā Maihi and Tūteao marae for their success
in the Marae Kai Masters competition, congratulations
on a great achievement.
Te Kei Merito
Chairman
Left to Right Mere Hepi, Charlie Bluett, Joe Harawira, Riritahi Williams,
Aubrey Kohonui, Regina O’Brien, Stanley Ratahi, Te Kei Merito (Chair)
Amohaere Tangitu, Materoa Dodd, Tani Wharewera, Patrick Salmon,
Manurere Glen.
TRoN A
Our leaders continue to inspire us however some have
departed for Hawaiki nui, Hawaiki Pāmamao the final
resting place of mortal souls and we have lamented
those who succumbed in 2013. Thankfully we still have
Sir Hirini, our Whakaruruhau and inspirational mentor,
supported by Lady June to stimulate and encourage
ANNUAL REPORT 2013
| WHITU |
7
Te Rūnanga o Ngāti Awa & Ngāti Awa Group Holdings
MANAHAUTŪ
REPORT
8
| WARU |
ANNUAL REPORT 2013
•
TRoNA completed the
financial year under
budget
•
Profit for year of
$1.083m versus a loss
of $0.341m for the
previous year
•
Total Group Assets
increased from $110m to
$117m
•
$1.5m dividend paid to
from NAGHL
Having completed my first year as Manahautu of Te
Rūnanga o Ngāti Awa and its group of companies, I
am privileged to report to ngā uri o ngā hapū o Ngāti
Awa on the past years activities, and our performance
toward achieving our vision of Ngāti Awa Te Toki
tangatanga I te ra ngohengohe I te wai.
management however given financial constraints
extra work has been picked up by current staff until
a more permanent solution is implemented. We have
11 full time staff, 4 casuals and 6 contractors across
both the Rūnanga and the NAGHL group including
the farm operations.
UNDERSTANDING OUR CONTEXT
There are three major themes that have contributed
to this year’s outcomes:
• Organisational Culture
• Financial Sustainability
• Re-engineering for the Future
ORGANISATIONAL CULTURE
The Group made a profit of $1.083m compared to last
year’s loss of .341m. Our total group assets increased
from $110m -$117m, a significant improvement on
the past 3 year’s performance. A dividend payment
of $1.5m was made by Ngāti Awa Group Holdings to
Te Rūnanga o Ngāti Awa and is forecast to increase
next year, the first increase since 2006. While this
is an improvement, it is not sufficient to provide
a sustainable growth pathway for the social and
economic development of Ngāti Awa. One of our
initiatives to achieve sustainable growth has been
the establishment of the Ngāti Awa Dairy Platform.
This is a long term commitment to farming and not
only strengthens Ngāti Awa’s strategic and cultural
presence but provides future financial returns.
TOTAL ASSETS
120
110
100
TRoN A
90
ANNUAL REPORT 2013
2013
2012
2011
2010
2009
70
2008
80
2007
As a result of the office downsize, core business
functions have been re-viewed to meet the challenges
and opportunities of the new operational environment.
NAGHL are also reviewing their structure to meet
the goals and objectives of the NAGHL Strategic
Plan 2013-2018. No doubt the downsizing will cause
some concerns as to whether or not the Rūnanga
office will have the capacity to deliver its cultural
and social imperatives. Due to the re-structuring of
Development Ngāti Awa which has incorporated all of
the Ngāti Awa entities, the reality is we are in a better
strategic position now to improve outcomes for Ngāti
Awa than we were previously. We are aware that
we require more specialist support in areas such as
policy development, environmental and commercial
Our primary focus has been to decrease costs while
increasing income. Organisation costs have reduced
throughout the organisation and expenditure cut, to
bring the Rūnanga back into a near positive cash
position. Although our staff and contractor numbers
have reduced our team have still managed to produce
some impressive results.
2006
RE-ENGINEERING FOR
THE FUTURE
WHAT HAS BEEN ACHIEVED –
FINANCIALLY & SOCIALLY
2005
In past years Te Rūnanga o Ngāti Awa struggled to
live within its means, spending more money than what
was coming in. To break this cycle it was important
to set clear goals that would require some tough
decisions to be made in order to achieve a cost neutral
budget. New policies and procedural changes were
implemented to tighten up fiscal controls while areas
of delegated authorities were more clearly defined.
The Board reduced its monthly Board meetings to
bi-monthly, budgets were cut and costs reduced
throughout both the Rūnanga and NAGHL. With staff
and contractor numbers more than halved including
two Chief Executive positions rolled into one, our
staff and management team have had to work a lot
smarter. We have concentrated on a better utilisation
of technology, improved centralised systems, working
across the organisation to help each other and not
becoming stuck in silo type behaviours. Getting the
basics right, being very clear about what the Rūnanga
office are responsible for and to whom has resulted
in improved cost effectiveness, increased efficiencies
and focused services to the Iwi.
| IWA |
9
Our second initiative has been the restructuring of
Development Ngāti Awa to achieve scale, leverage,
and capability to improve cultural and social outcomes
for Ngāti Awa. The new approach has brought
together nominated representatives from a number of
Ngāti Awa’s largest entities to form the Development
Ngāti Awa Board. These include Te Reo Irirangi o Te
Mānuka Tūtahi, Te Tohu o Te Ora o Ngāti Awa, Ngāti
Awa Research & Archives, Ngāti Awa Tertiary Training
Organisation and Te Whare Wānanga o Awanuiārangi.
The aim is to; improve collaboration; align entity
outcomes with our strategic and guiding documents
eg: Te Toki, He Ara Poutama, Te Reo Rautaki and
the Ngāti Awa Education Strategy. We are currently
designing a measurement and outcome framework to
capture the collective outcomes of Ngāti Awa entities.
The full years activities are outlined in Te Ara
Poutama Outcomes 2012 – 2013.
There have been many outcomes achieved and below I
highlight examples of Turangawaewae our connectivity
to the whenua, Tupakari our commitment to leadership,
Mauri Ora our protection and enhancement of the
environment, Toi Ora the creation of overall wellness of
ngā uri o ngā hapū o Ngāti Awa.
L: Mary Nuku-Chair Te Patuwai Tribal, Stefan Haua-Representative
Te Patuwai, Pouroto Ngaropo Representative Te Tāwera, Enid Pryor
Otaramuturangi Urupa
Te Rūnanga o Ngāti Awa made application to the Māori
Land Court in Rotorua to determine the ownership of
Otaramuturangi Urupa in Matata. A site of cultural
and historical significance to three Ngāti Awa hapū;
Ngāti Hikakino, Ngai Te Rangihouhiri and Te Tāwera
the small area concerned is part of a broader Ngāti
Awa strategy of regaining its former tribal estate lost
largely through Crown actions including Raupatu in
1866. The Rūnanga has completed the research and
evidence required for comprehensive submissions to
be made by hapū to the court.
Te Patuwai – Otaiti and MV Rena
Te Rūnanga o Ngāti Awa continue to support and
work alongside Te Patuwai as they manage their
way through the disastrous grounding of the MV
Rena on Otaiti including meetings with the owners,
insurers, Iwi. Lodgements of appeal by Te Rūnanga o
Ngāti Awa against the BOP Regional Council plan to
downgrade Otaiti from outstanding natural character
to high natural character were successful.
Environment Court
Te Rūnanga o Ngāti Awa have supported the Motiti
Environment Plan through the Environment Court. This
has taken no less than 5 years to get to a near resolution.
10
| TEKAU |
ANNUAL REPORT 2013
Submissions to Whakatāne District 10 Year District Plan
Ngāti Pūkeko, Ngai Taiwhakaea, Te Tāwera, Ngāti
Hikakino and Ngāti Hokopu attended submission
information workshops facilitated by Te Rūnanga o
Ngāti Awa to assist hapū to make submissions to the
District Plan. Specifically plans to establish a large
residential subdivision alongside a marina adjacent
to Opihiwhanaungakore were identified as being
culturally and spiritually inappropriate for this area.
389 submissions were received by Whakatāne District
Council. 8 Ngāti Awa hapū made submissions they
are: Te Tāwera, Ngai Taiwhakaea, Ngāti Hikakino,
Ngai Te Rangihouhiri, Ngai Tamapare, Ngāti Hokopu ki
Hokowhitu atu, Ngāti Hokopu ki Wairaka, Ngāti Pūkeko
alongside Te Rūnanga o Ngāti Awa.
Submission workshop participants
Ngāti Hamua – Presentation for Ngāti Awa Cultural Festival
This year Ngāti Hamua submitted a heartfelt plea to
Te Rūnanga o Ngāti Awa to support Ngāti Awatanga
and Ngāti Awa reo by holding a Ngāti Awa “ahurei”.
Motivated by their passion for Ngāti Awa, Ngāti Hamua
contacted and signed up the majority of our hapū and
set a date for Labour Weekend 2014. Te Rūnanga o
Ngāti Awa has committed financial support for the event.
I wish to thank our Board Chairmen, Te Kei Merito and
Sir Harawira Gardiner for their supportive leadership
TRoN A
and together with the welcome words of guidance and
wisdom from our Whakaruruhau Sir Hirini Moko Mead
have helped considerably with my transition into the
role of Manahautu. A special thank you to our rūnanga
staff, farming teams and contractors who have worked
tirelessly this year. You commitment to the kaupapa
and to ngā uri ō ngā hapū o Ngāti Awa has contributed
significantly to our outcomes this year.
Enid Ratahi Pryor
Manahautū
ANNUAL REPORT 2013
| TEKAU MĀ TAHI |
11
L
A
R
U
T
C U L R AT E G Y s
SATL S T R AToEuGtcYo m e
C U LT U R
TO I O R A
gāti Awa
d to the N
i appointe
h
ta
a
g
n
a
Awa R
Two Ngāti
2012)
Y 2013)
•
use (NOV
tship (MA
e
d
d
a
te
C
le
āti Awa Ho
p
g
rm
m
N
a
t
F
co
ing
a
d
ft
A
vi
ra
R
ro
d
ented p
– 2017
ning of NA
ce implem
Plan 2013
n
The re-ope
012)
e
2
m
ri
L
e
ru
•
U
o
xp
F
(J
E
i
s
Fisherie
a Visitor
rangatah
tu
a
o
a
w
•
a
ta
A
g
ā
ti
retail
n
M
ā
a
ra
g
•
2)
es to N
roviding
ki Mātau
(JULY 201
opened p
opportuniti
ere Rauta
o
h
rk
a
A
o
M
w
Te
i
Te
K
f
o
o
013)
isans.
at To Hon
Final Draft
d (JULY 2
•
rs, and art
Ngāti Awa
Gift shop
•
Complete
wa weave
blished on
A
a
ti
st
er Te Ara
ā
e
d
g
n
N
ip
u
Ngāti Awa
r
h
2)
Cadets
outlet fo
A entities
13)
N
rm
0
t
a
2
n
F
e
R
a
d
A
(NOV 201
w
n
e
A
(M
Ngāti
tion of
ing indep
developed
watanga
•
n
A
sa
g
lig
ti
iti
in
ā
A
e
ig
g
b
d
N
A
d
r
•
N
an
de
2012)
through D
of taonga
Farms un
held (OCT
Poutama
rial
taloguing
l Festival
R 2013)
ra
A
hival mate
ltu
A – the ca
u
rc
(M
R
a
C
y
A
f
a
a
o
N
w
g
rw
A
e
in
ti
d
•
u
d
ā
n
g
n
g
u
lo
a
N
ls
ta
ca
•
ateria
r the care
nning and
archive m
cedures fo
NARA sca
ha
3)
•
1
sed
0
ies and pro
2
vi
lic
re
R
o
A
ted and ko
P
e
b
olicy initia
P
taonga to
nderway (M
f
u
a
o
h
o
n
K
io
a
ct
prote
ngihang
ped
ented
TRoNA Ta
um develo
nd implem
ing hapū:
•
tāne Muse
devised a
)
the follow
2
ka
1
a
to
0
h
d
2
e
W
L
d
U
vi
ith
(J
w
ro
p
d
ip
te
n
sh
e
akaea
Relation
ce implem
Nga Taiwh
ra
r Experien
under Te A
oki
s
a
ie
atua Visito
m
tit
ta
)
n
ā
2
Ta
e
i
1
M
Nga
•
(NOV 20
ndent NA
ua
eveloped
ing indepe
m
d
n
a
g
H
lig
in
ti
A
e
ā
d
b
g
te
N
•
whitu
ugh DNA
ft comple
ro
ra
th
d
r
a
pu ki Hoko
e
m
rt
ko
ta
a
o
Pou
Ngāti H
ka
Marae Ch
i
a
h
ir
a
ta
ū
W
T
ki
pu
Te Mānuka
Ngāti Hoko
•
012)
2
T
)
C
3
1
(O
ko
0
ld
(FEB 2
PRC
Ngāti Pūke
estival he
the
C and BO
Cultural F
rovided to
A and DO
N
o
Ngāti Awa
R
T
A
Te Tawera
n
•
N
e
support p
o
e
d
R
n
tw
T
a
e
b
to
ce
s
)
n
vi
a
( 6h
ltural ad
Negotiatio
•
Keepa Rd
al
:
TRoNA cu
•
ing of 44
āori spiritu
s / events
i
g
n
p
re the vest
ra
g
tu
aditional M
in roject
u
tr
w
m
n
llo
o
ra
fo
a
ta
g
O
n
13)
hip of
ai wāna
(JUNE 20
ine owners
Te Patuw
n to determ
tio
a
AY 2013)
lic
2013)
(M
p
p
A
beliefs
•
tion (APR
2013)
tahi as
ū
N
T
U
(J
ka
d
u
e
n
gi Gradua
ā
n
M
Exhibition
ra
g
iā
Te
u
tin
n
a
Urupa fil
a
in
tu
Aw
ng and Pa
conference
t of Mātaa
vi
n
d
a
e
n
e
a
m
n
W
g
lig
tu
tin
Re-a
Te Kopu
•
ltural mee
2012)
antly a cu
OV 2012)
ning (NOV
i
predomin
tit
o
opening (N
M
t
a
)
round ope
3
A
1
yg
N
0
la
E
2
P
R
l
N
r
o
U
o
12)
tuwai ove
space (J
Apanui Sch
ing Te Pa
l (NOV 20
CT 2012)
A support
Centennia
N
)
o
ka
3
R
a
1
d
rial Hall (O
T
ir
0
o
te
a
2
m
la
W
e
R
u
•
P
M
rm
t
(A
a
fo
i
i
u
e
h
H
m
ards
ta
r
o
e
welc
llence Aw
ānuka Tū
Stakehold
All Blacks
ness Exce
y for Te M
si
lic
u
o
B
P
y
a
rg
w
ne
Draft Ka
ka
Horizon E
•
, Te Mānu
3)
12)
12)
Mātaatua
0
t
2
a
T
(APR 201
ld
C
e
h
g (OCT 20
(O
i
2)
et openin
litated hu
rk
ci
a
(OCT 201
fa
M
s
A
o
rd
N
e
a
o
p
TR
Kopeo
•
lpture Aw
2)
cu
1
S
0
2
D
3
C
)
3
E
th
1
e
Tūtahi (D
g (OCT 20
Molly Morp
a
ival openin
2012)
Te Ara Tik
P
Awa Fest
E
ti
(S
ā
g
g
N
openin
uora
pley Unit
Tuhoe Ha
nce
2)
Mary Sha
ga Confere
(SEP 201
n
st
ita
ru
h
T
ta
n
o
tio
Te K
ca
ce
u
n
d
12)
re
E
0
Life
Mānuka
l (SEP 2
atre Confe
ition
igh Schoo
ātaatua, Te
Haka The
H
M
t
a
ke
new exhib
u
i
ld
P
e
To
h
Te
Whanga a
litated hui
ci
Te
fa
a
A
tu
N
u
o
TR
Te Kop
•
OV 2012)
EP 2012)
o ki Te Ao
Tūtahi (N
opening (S
l
to Te Hon
o
g
o
d
in
e
ch
iv
d
S
g
vi
ri
ro
ze
ki
p
ri
ta
O
pport
demy p
TRoNA su
me
rades Aca
•
V program
Waiariki T
)
3
rs
1
e
0
th
2
o
R
tai Hono T
m
P
d
Ta
n
(A
ra
Te
G
l
to
a
n
Spiritu
ntributio
TRoNA co
be Primary
•
closure of
Edgecum
)
a
2
g
1
n
0
a
2
wa on the
n
a
P
ū
n
E
a
R
(S
M
a
lth
ti
tu
a
ā
ā
g
u Kaum
Māori He
pport to N
2)
a Kawera
TRoNA su
•
hui Huing
(DEC 201
a
e
K
g
kahu
lle
Te
o
ki
C
a
i
u
h
ta
ita
ū
g
keke for ka
P
n
ra
a
a
a
R
u
H
ta
f
o
ta
a
h
ss
a
B 2013)
e
W
w
A
Te
on acc
loped (FE
2012)
ha o Ngāti
Protocols
rataki deve
•
atua (OCT
A
rowai Aro
ta
u
o
ā
o
K
M
P
t
r
Te
a
s fo
t hosted
workshop
of Treaty
ister’s visi
st
with Office
fir
Prime Min
s
d
n
n
a
io
•
st
ss
ld discu
of intere
TRoNA he
hoe areas
•
ver the Tu
o
ts
n
e
)
3
m
1
Settle
s (FEB 20
fusal area
right of re
E
AWA E WA
TŪRANG
12
| TEKAU MĀ RUA |
ANNUAL REPORT 2013
T Ū PA K A R I
•
MAURI ORA
Ngāti Awa Reo Ra
u – Te Reo Wanan
ga held at
Te Mānuka Tutah
•
i (SEPT 2012)
Ngāti Awa Cadets
•
learning sustaina
Ngāti Awa Farm
bility practices on
Cadetship foster
Ng
āti Awa Farms
ing future Ngāti Aw
Farm Manageme
a
•
nt (MAY 2013)
Mātaatua Visitor
Experience Guide
•
Mātaatua Visitor
s learning Ngāti
Experience traini
Awatanga.
ng
fra
me
work
implemented (JU
•
L 2012)
Cultural Impact As
•
sessment complet
Establishment of
ed for the
a new DNA to ali
Kopeopeo Cana
gn independent
l Contamination
Ngāti Awa entities
Remediation Proje
under Te Ara Pouta
(AUG 2012)
ct
ma begun
(NOV 2012)
•
Cultural Impact As
•
sessment complet
Confirmation of ap
ed for the JV re
pointment of new
Nukuhou Saltmars
trustees to DNA
h and Uretara Isl
(June 2013)
and (OCT 2012)
•
Cultural Impact As
•
sessment complet
Application to de
ed re Tuwharetoa
termine ownersh
Geothermal Asse
ip of Otaramutur
ts
(TGA) proposal for
Urupa filed (JUN
angi
2013)
increased
extraction from the
•
Kawerau Geotherm
NARA policies on
al
access, acquisitio
fields (NOV
20
12
)
n and archives
formulated APR
2013)
•
Cultural Impact As
•
sessment complet
TRoNA represen
ed for the Norske
tation and support
Skog Vermicomp
provided to the
osting operation
following events:
(DEC 2012)
•
Cultural Impact As
sessment complet
Te Wānanga o Aw
ed for TGA re
proposed crossing
anuiārangi Grad
ua
of Ruruanga Strea
tio
n
Ceremony (MAY
m and Tarawera
River (DEC 2012
2013)
)
National AFS Co
•
nference (MAY 20
Interim Cultural Im
13)
pact Assessment
Whakatāne High
completed for
NZTA re the upgra
School Teacher De
de
ve
or replacement of
lop
me
Day
nt
Pekatahi
Bridge, SH2. (JA
N 2013)
Awakeri School 70
•
Cultural Impact As
th celebrations
sessment complet
Te Patuwai AGM
ed for J Swap
Contractors at Aw
(MAY 2013)
ak
eri Quarry for co
Pou Mataaho pla
ntinuing
operations (FEB
nning day.
2013)
Māori National Lib
•
Cultural Impact As
raries Conference
sessment complet
(APR 2013)
Te Kura o Te Hau
ed for TGA re
Otarahanga Pumi
Papa Kohatu o Mo
ce
titi
Quarry.
(F
EB
2013)
•
TRoNA cultural ad
vice and support
Hui at Awanuiāran
provided to the
following projects
gi re grand open
ing of the
wānanga (DEC 20
12
)
Hi
llc
res
t Flood Mitigation
•
TRoNA represen
project (MAY 2013
tation at the Pouk
Upokorehe and Ur
)
ai, Whatawhata
(APR 2013)
etara Island
•
TRoNA represen
ted at the Ngāti Pu
kenga settlement
signing (APR 20
13)
•
TRoNA represen
tation at the Taiw
hakaea Centenn
(APR 2013)
ial
•
TRoNA represen
tation at the Tapu
ika Deed of
Settlement signin
g (DEC 2012)
•
TRoNA liaising wi
th Te Whanau a
Apanui re Pou wi
Mātaatua (SEP 20
thin
12)
Joe Harawira, Ta
Representative
TRoN A
iwhakaea Board
ANNUAL REPORT 2013
| TEKAU MĀ TORU |
13
P
I
H
S
R
L E A D ER AT E G Y e s
S TI P S T R AoTuEtGcoYm
EGY
T
A
R
T
S
DERSHIP
H
S
R
E
D
A
LE
LEA
TŪRANG
E
AWA E WA
ūnanga o
both Te R
ointed to
p
p
a
s Ltd
O
g
E
in
le C
up Hold
First fema
•
ti Awa Gro
ā
g
N
d
n
a
Ngāti Awa
N 2013)
12)
pleted (JA
(SEPT 20
uring com
ct
ru
2)
1
st
0
re
2
ffice
d (OCT
TRoNA O
ffice close
•
O
DC and
n
W
to
d
g
e
n
h
lli
e
ips establis
TRoNA W
sh
n
•
tio
la
rking re
ved
Closer wo
•
draft appro
CT 2012)
(O
A
greement
A
re
TRoN
ltu
cu
a
ional Aqu
i
BOP Reg
•
muturang
)
3
1
ip of Otara
0
h
rs
e
n
w
o
(JUNE 2
ine
n to determ
Applicatio
inst the
•
13)
0
2
N
U
(J
ppeal aga
d
rty to an a
Urupa file
a
p
ding
a
n
s
ta
a
om outs
nt made
de Otaiti fr
Lodgeme
ra
e
g
d
n
•
a
w
m
o
r
d
e
lan to
l charact
BOPRC p
igh natura
h
to
r
e
ct
ara
natural ch
rough
3)
ablished th
heme est
(JUN 201
sc
g
in
)
in
3
a
1
oard tr
(JUN 20
TRoNA B
niversity)
•
gation re
uckland U
(A
nd a dele
se
a
u
a
o
iti
h
e
h
Ice
u
T
i
itanga
g
in
r the King
et with K
support fo
TRoNA m
d
n
a
•
g
in
n
n plan
successio
s, Māori
3)
1
0
2
onnection
R
(AP
2013)
e Bay of C
th
d
tua (JAN
a
re
ta
cu
ā
M
t
A se
a
N
ld
o
e
R
h
T
be
•
Strategy to
Economic
TO I O R A
rtaken
Awa unde
ent Ngāti
m
p
13):
lo
0
2
ve
e
tities APR
ation of D
llowing en
Reorganis
fo
e
th
•
s
e
includ
ūtahi
Mānuka T
which now
angi o Te
ir
Ir
o
ives
e
h
R
rc
A
Te
arch and
rangi
Awa Rese
iā
ti
u
ā
n
g
a
N
w
A
ānanga o
W
re
a
h
a
Te W
Ngāti Aw
Te Ora o
Te Tohu o
st
isation
Rurima Tru
ing Organ
rtiary Train
Te
rship
a
e
w
d
A
a
ti
le
Ngā
five day
13)
ration of a
0
a
2
p
B
re
E
p
(F
A
TRoN
Haerenga
•
ia
To
r
fo
e
programm
hers
uia Publis
dover to H ad, Layne Harvey,
n
a
H
k
o
o
B
Me
Mataatua
irini Moko
son, Sir H
L: Joe Ma
garopo
Pouroto N
14
| TEKAU MĀ WHĀ |
ANNUAL REPORT 2013
T Ū PA K A R I
•
Restructuring of
Rūnanga Office
completed
(SEPT 2012)
•
Closure of Ngāti
Awa offices in Po
neke (OCT 2012
•
Reduction in Board
)
meetings to six pe
r year to reduce
costs (SEPT 2012
)
•
First female CEO
appointed to both
TRoNA and
NAGHL (SEPT 20
12)
•
Portfolio Manage
r appointed to NA
RA to lead its fut
development (NOV
ure
2012)
•
Appointment of St
rategy and Polic
y Manager acros
both TRoNA and
s
NAGHL (JAN 20
13)
•
Ngāti Awa Farm
Cadetship estab
lished (MAY 2013
•
Open Day held on
)
Ngati Awa Farm
(NOV 2012
•
NARA policies on
Access, acquisitio
n and archives
formulated APR
2013)
•
Re-alignment of
Mātaatua Te Mānu
ka Tūtahi as
predominantly a
cultural meeting
and conference
space (JUN 2013
)
•
TRONA meeting
with Ngāti Mana
wa to strengthen
relationships (DEC
2012)
•
TRoNA working
with Te Puia in rel
ation to Whakaari
and Mātaatua (D
EC 2012)
•
TRoNA represen
ted at four day Te
Rarawa Summit
(NOV 2012)
•
TRoNA attendanc
e at the Iwi Lead
ers Forum
Turangawaewae
(OCT 2012)
•
TRoNA attendanc
e at Moana-a-To
i iwi Leaders Forum
(OCT 2012)
•
TRoNA attendanc
e at RENA hui (O
CT 2012)
Stan Walker in the Wh
are 2013
MAURI ORA
•
•
Lodgement as a
party to an appe
al against the
BOPRC plan to do
wngrade Otaiti fro
m outstanding
natural characte
r to high natural
character made
(JUN 2013)
Approval for Appli
cation for Customa
ry Marine Title
extending from Mo
titi Island through
to Ohiwa
Harbour (JUN 20
13)
TRoNA in joint pa
rtnership with the
Ohiwa Harbour
Mussel and Stars
hip Survey (APR
2013
TRoN A
•
ANNUAL REPORT 2013
| TEKAU MĀ RIMA |
15
S
E
C
R
R E S O UR AT E G Y s
S TS S T R AoTuE GtcYo m e
E
C
R
U
O
S
RE
T
WA E WA E
ŪRANGA
rime
d to the P
r presente
te
a
W
n
o
n
Declaratio
Mātaatua
taonga
•
2)
1
0
2
T
C
and other
g of koiwi
Minister (O
in
h
diation
rt
e
a
e
m
n
e
u
ination R
m
col on the
ta
to
n
o
ro
P
C
l
•
ana
peopeo C
012)
for the Ko
d (AUG 2
te
n
roa Forest
e
m
le
p
im
of Kainga
ct
je
ry
a
ro
d
P
n
u
o
b
rn
northe
ved
Title to the
EC 2012)
•
draft appro
gāti Awa (D
N
to
d
greement
A
re
issue
ltu
cu
a
ional Aqu
BOP Reg
•
rine Title
)
3
1
0
omary Ma
ur
(JUNE 2
n for Cust
tio
a
iwa Harbo
lic
h
p
O
p
val for A
rough to
ro
th
p
d
p
n
A
la
Is
i
•
from Motit
extending
arbour
)
3
e Ohiwa H
1
(JUN 20
hip with th
rs
e
n
rt
a
)
p
joint
R 2013
TRoNA in
urvey (AP
•
EC 2012)
Starship S
d
n
a
opened (D
l
e
ry
ss
lle
a
Mu
G
d
n
a
p
Gift Sho
Mātaatua
•
TO I O R A
EB 2013)
opened (F
o
A
Te
to bring
ki
o
OV 2012
at Te Hon
a Farm (N
w
A
Gift shop
ment
ti
e
ā
g
g
•
a
N
n
on
Farm Ma
A
Day held
N
n
e
ith
p
w
O
r
•
ethe
munity tog
local com
llection
r logging.
ve
o
s
e
ewood co
su
is
hapū for fir
to
to discuss
d
e
n
e
Farm op
Ngāti Awa
•
pū:
)
3
1
0
llowing ha
(APR 2
d to the fo
e
d
vi
ro
p
nts
Hapū gra
•
013)
2
e
n
Ju
o
(t
ai
a
P
Te tuw
Hamua
ti
ā
g
N
Te Tawera
whitu
pu ki Hoko
Ngāti Hoko
i
ir
angihouh
Ngai Te R
ce Guide
akaurau
M
r Experien
Tamaki
tahi Visito
ū
T
ka
u
n
, Te Mā
C 2012)
Mātaatua
•
ented (DE
m
le
p
im
g
trainin
RA
MAURI O
ject
diation Pro
tion Reme
a
2)
in
1
m
0
2
ta
n
ted (AUG
Canal Co
nt Comple
e
Kopeopeo
m
ss
•
e
ct
ss
je
ol pro
pact A
Awa
sion Contr
Cultural Im
d by Ngāti
stream Ero
ātaatua le
In
M
ra
o
e
ta
o
n
th
to
o
r
e
Mara
GHL fo
ted
•
ent of Te H
013)
ct comple
ved by NA
Establishm
•
rogram
mpleted (2
ment proje
and appro
P
e
d
co
tir
ip
te
ct
e
h
n
je
R
ts
e
se
ro
m
d
p
Awa Ca
ra Strea
ncement
Budget pre
•
Maraetota
f the Ngāti
auri Enha
o
t
M
n
•
e
m
a
m
h
re
eadst
establis
Wairere H
d
l systems
•
13)
etotara an
(2013)
A financia
d
N
(JUNE 20
o
te
R
le
T
p
f
s at Mara
m
o
ct
it
co
je
d
u
ro
a
p
t
t
n
n
e
anceme
Independ
•
2012)
archives
AY 2013}
Mauri enh
•
ted (MAR
one
treams (M
isition and
S
u
a
cq
n
a
tu
,
implemen
a
ss
p
Maungate
Awara
s on Acce
project at
ie
t
n
lic
e
o
m
p
A
ce
an
NAR
•
013)
Mauri enh
e
•
d (APR 2
l against th
3)
formulate
an appea
(MAY 201
to
y
nding
rt
ta
a
ts
p
u
a
o
taiti from
ement as
g
O
d
e
o
d
L
ra
g
n
•
cter made
lan to dow
tural chara
a
n
BOPRC p
h
ig
h
aracter to
natural ch
tau to
}
3
ihi whaka
1
0
(JUN 2
lead the m
d
n
Regional
a
d
ty
n
te
le
a
ert
oNA facilit
d Bay of P
b
n
R
o
a
T
R
u
ir
ra
a
e
•
h
AN 2013)
a Ki Kaw
earings (J
katohea C
to
r
h
a
h
r
re
te
e
a
is
W
h
w
in
r,
o
w
o
ū
M
P
T
ry
Trust
, Prime
Joseph P
open the
oko Mead
a Enid
Sharples,
Council to
Sir Hirini M
o Ngāti Aw
u
L: Dr Pita
a
a
g
h
n
a
ru
n
ru
ū
Whaka
EO Te R
Edwards,
e Mead, C
, Lady Jun
ys
e
K
ra
n
e
h
Jo
a Eru
or, Heman
Ratahi Pry
RI
T Ū PA K A
16
| TEKAU MĀ ONO |
ANNUAL REPORT 2013
WELLBEING
A
T
W E L L B E I NSGTSR
Y
T R AToEEuGG
tYc
•
•
•
omes
WA E
TO I O R A
Ngāti Awa Farm
Cadetship estab
lished and aimed
training Ngāti Aw
a uri to work and
manage Ngāti Aw
farms (MAY 2013
a
)
Ngāti Awa Cultural
Festival held (OCT
2012)
TRoNA represen
tation on Māori He
alth Rūnanga
(OCT 2012)
•
•
•
•
•
•
•
•
T Ū PA K A R I
MAURI ORA
•
Reorganisation of
Development Ng
āti Awa undertake
which now includ
n
es the following
en
tities:
•
Te Reo Irirangi o
Te Mānuka Tūtah
•
i
Ngāti Awa Researc
h and Archives
•
Te Whare Wānan
ga o Awanuiāran
•
gi
Te Tohu o Te Ora
o Ngāti Awa
•
Rurima Trust
•
Ngāti Awa Tertia
ry Training Orga
nisation
•
TRoNA Hapū Re
presentative Ele
ctions organised
OCT 2013 (June
for
2013)
Ngāti Awa Farm
opened to hapū
for firewood colle
(APR 2013)
ction
Pataka Kai Alloc
ations to hapū ret
ained at 20kgs pe
tangi (JUN 2013
r
)
Working with EB
OP DHB over ko
iwi found at
Whakatāne Hosp
ital (JUN 2013)
Ngāti Awa Educati
on Grants award
ed to 287 tauira
(APR 2013)
TRoNA attendanc
e at Apanui Prim
ary School prize
giving (DEC 2012
)
TRoNA attendanc
e at Apanui Kinde
rgarten
celebrations of ne
w playground (O
CT 2012)
TRoNA facilitation
of Disability Hui
New Model launc
at Mātaatua ( SE
h
P 2012)
TRoNA cultural pro
vided support to
the Mental Healt
Line attended by
h
providers through
out Mātaatua (JA
2013)
N
•
•
•
•
•
Initial preparation
to plant 10,000 na
tive trees and
shrubs on NA Fa
rm (JUN 2013)
TRoNA in joint pa
rtnership with the
Ohiwa Harbour
Mussel and Stars
hip Survey (APR
2013)
Maraetotara Strea
m Retirement Pr
oject (APR 2013
TRoNA cultural inp
)
ut into 1XX progra
mme on the
discovery of cultiv
ation gardens, ha
ngi pits, obsidian
adzes (MAY 2013
,
)
TRoNA contributio
n to an article on
the archaeologica
discovery (MAY
l
2013)
TRoN A
T Ū R A N G AWA E
ANNUAL REPORT 2013
| TEKAU MĀ WHITU |
17
2013 NGĀTI AWA
TERTIARY EDUCATION
177
Scholarship & Grant Recipients
Grants
SECOND YEAR SCHOLARSHIP RECIPIENTS
Category
Recipient
Area of Study
Institute
Medicine/Science
Jennifer Boudreau
(Ngāti Pūkeko)
Master in Health
Science
The University of Auckland
Law/Commerce
Eruera West
(Te Pahipoto)
Bachelor of
Management Studies
The University of Waikato
GRANT RECIPIENTS
WARAHOE
Danielle Crawford
Bachelor of Law conjoint with Bachelor
of Arts
Whaearangi Inia
Rumaki Reo Programme
Te Wānanga Takiura o nga Kura Kaupapa
Māori o Aotearoa
Jackie-Jade Ruri
Huarahi Maaori Bachelors of Education
(Bi-lingual)
Bachelor in Social Work
Desmond Hiwarau
Bachelor of Nursing
Waiāriki Institute of Technology
Jubert Moeke
Te Tohu Paetahi Nga Poutoko
Whakarara Oranga Bi Culturalism
Social Work
Te Wānanga o Aotearoa
Elvina Rogers
Bachelor of teaching early childhood
New Zealand Tertiary College
Akima Kimbo Tarei
Foundational Forest Harvesting
(Ground Base)
Kevina Te Wanihi Tarei
Te Tohu Paetahi Nga Poutoko
Whakarara Oranga.
Bachelor in Social Work
(Bi-Culturalism in Practice)
Marewa Titoko
NGĀTI HĀMUA
18
| TEKAU MĀ WARU |
ANNUAL REPORT 2013
NGĀ MAIHI
Bachelor of Design
Massey University
Rebecca Cleave
Bachelor of Nursing
Massey University
Patricia Cook
Toi Paematua - Diploma in Māori Art Level 5
Vivienne de BortaliTregerthan
Bachelor of Arts/Commerce conjoint
University of Arizona
Stefan Dimitrof
Bachelor of Media and Creative
Technologies
Tasha Dimitrof
Bachelor of Management Studies
Dara Dimitrov
Doctor of Philosophy
Wini Geddes
Post Graduate Diploma Business
Māori Development and Post Graduate
Diploma in Professional Supervision
Ashley Gillon
Graduate Diploma in Arts
Rhylee Hahipene
Certificate in Travel, Tourism & Business,
National Certificate in Travel Level
4 & Certificate in International Flight
Attending
Sir George Seymour National College
Jean Moana Hawea
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
Isaac Hayes
Bachelor of Engineering
Adrienne Karekare
Hapu Development
Te Wānanga o Raukawa
Kiri Karekare
Bachelor of Hapū Development
Tracey Lee
Degree in Bachelor of Social Work
Anna Littler
Foundation Certificate in Education
Auckland University
Kelly Matewawe Moore
Heke Reo
Ashley Moses
Bachelor of Hapū Development
Wilhelmina Moses
Māori Governance and Leadership
Jodie Pryor
Bachelor in Sports and Leisure
Minta Maria Pryor
Diploma in Accounting
Kimiora Raerino
Doctor of Philosophy - Māori and Pacific
Health
Jackson James
Reardon
Bachelor of Engineering with Honours
The University of Canterbury
Brooklyn ReardonNikara
Bachelor of Arts
Auckland University of Technology (AUT)
Antonia Yarnton
Bachelor of Medicine and
Bachelor of Surgery
The University of Otago
Charlotte Yarnton
Masters of Dietetics
TRoN A
Olivia Cleave
ANNUAL REPORT 2013
| TEKAU MĀ IWA |
19
NGĀI TAMAOKI
Charlie Broughton
Glenda Davey
National Certificate in Early Childhood
Education and Care Level 5
Bay of Plenty Polytechnic
Billy Jo Hunia
Bachelor of Computing and
Mathematical Science
Gloria Hunia
Bachelor of Arts
Renee Matenga
Bachelor of Registered Nurse
Waikato Institute of Technology
Rahera Paul
Bachelor of Nursing
Victoria Paul
Te Ahu Taiao, Bachelor of Environment
Studies
Patrick Salmon
Diploma in Social Work
Anamata
Tania Searancke
Certificate in Health Care Level 4
Tanisha Tapsell
Te Awa Tuapapa - Certificate in
Māori Language
Elizah Ward
NGĀI TAMAWERA
Melevea Huihui
(specialisation Primary)
Kuini Monika
Bachelor of Nursing
Natasha Owen
Certificate in Secreterial Computer
Application Level 3
Wellington Institute of Technology
Larraine Te Kakara
Diploma in sport and recreation
(year 2)
Hamiora Ngatoro
Certificate in Technology Level 4
Ashleigh Peti
Bachelor of Social Science
Erana Rissetto
Ringo Rissetto
Logan Booler
Certificate in Applied Technology
Unitec New Zealand
Roimata Makea
Bachelor of Teaching Maori Medium
Anamata
Rangipare Ngaropo
Bachelor of Maori And Pacific
Development
TE KAHUPĀKE
TE TAWERA
Ngai Tamawera grant recipients
20
| RUA TEKAU |
ANNUAL REPORT 2013
TE PAHIPOTO
Raina Angela Corbett
Bachelor of Teaching Early Childhood
Education
Colleen Tamaku
Perese
Te Putaketanga o Te Reo
Marly Donna Perese
Bachelor of Education (Teaching)
Carlos Savage
Certificate in Sports and Fitness
Lasha Wineti
Bachelor in Nursing Tihei Mauri Ora
Merenia Anderson
Kewene Awa
Certificate in Foundational Forest
Harvesting
Te Ari Awa
Bachelor of Business
Freddy Carr
Bachelor of International Business
Victoria University of Wellington
Phoebe Carr
Graduate Diploma of Teaching,
Secondary
Victoria University of Wellington,
Ngarangi Chapman
Bachelor of Creative Arts
Manukau Institute of Technology
Douglas Edwards
Postgraduate diploma of
Musculoskeletal Physiotherapy
Kataraina Godfery
Bachelor of Business
Morgan Godfery
Bachelor of Laws
Elaine Hohepa
Bachelor of Iwi Environment
Grace Ngapo
Bachelor of Engineering (Honours)
Melissa Niao
Bachelor of Medicine and Bachelor of
Surgery
Adrienne Paul
Master of Laws degree
Rangitiaria Pihama
Bachelor of Arts
Rochelle Pihama
Bachelor of Teaching/
Beachelor of Arts
Tere Rei
Bachelor of Commerce and Bachelor of
Science
Tauhinga Geraldine
Savage
Te Putaketanga o Te Reo
Parehuia Selway
Certificate in Business Administration
level 3-4
Katerina Taikato
New Zealand Diploma in Engineering
(Civil) Level 6
Ratapu Taylor
Certificate in Welding & Fabrication
Level 4
Nile Thompson
Certificate in Health Sciences
Fiona Waititi
Bachelor of Social Work
(Biculturalism in Practice)
Bernadine Warren
Bachelor of Nursing
TRoN A
Te Pahipoto grant recipients
ANNUAL REPORT 2013
| RUA TEKAU MĀ TAHI |
21
NGĀI TAMAPARE
Maria Elder
Kura Paul-Burke
Doctor of Philosophy - Environmental
Leana Awhimate
National Certificate in Pharmacy
(Technician) Level 5
The Open Polytechnic
Angela Bidois
Bachelor of Health Science
Auckland University of Technology
Erena Browne-Wikeepa
Bachelor of Medicine and Surgery
(MBChB)
Benjamin Butt
Bachelor of Commerce
Jackara Chase
Bachelor of Exercise and Sport Science
Universal College of Learning
Latisha Clay
Bachelor of Computer Science
Jacob Edwards
Bachelor of Medicine & Bachelor of
Surgery
Jody Hamiora
Professional Cookery Level 4
Te Puritanga Jefferies
Susan Kingi
Bachelor of Arts
Tayla McCauley-Walker
Bachelor Of Management Studies
Joshua Moore
Bachelor In Sport And Recreation
Raquel Murphy
Bachelor of Health Science
Sophia Murphy
Postgraduate Diploma
Environmental Studies
Victoria University of Wellington,
Anaru Naden
Animation College of New Zealand
Elam School of Fine Arts,
Auckland University
Chontell Ngawharau
Bachelor of sport and recreation
Ellen Pene
Bachelor of Health Science - Podiatry
Holley Rahipere
Certificate in Business
Administration level3
Maria Rewita
Te Whitau o Te Whanau Diploma in
Social Work
Anamata
Nassah Te Kani-Green
Conjoint Bachelor of Commerce/
Bachelor of Arts
Cheryl Moana Maree
Wilson
Bachelor of Social Work (Biculturalism In
Practise) Year 3 -Level 7
Jason Wikeepa
Bachelor of Engineering
(Honours) degree
Krystal Wirangi
NGĀTI PUKEKO
22
| RUA TEKAU MĀ RUA |
ANNUAL REPORT 2013
NGĀTI RANGATAUA
Marama Cook
Bachelor of Business Studies
Massey University
Kimi Heathcote
Bachelor of Nursing
Nikora Heitia
Bachelor of Environmental Studies
Hoani Kopae
Ngahiraka Kopae
Professional Cookery Level 4
Te Awhiahua MariuSalmon
Bachelor of Education(Early Years)
Vicki Merito
Bachelor of Education - Primary School
Leslie Umuhuri
Bachelor of Education Te Tohu Paetahi Ako
Mei Winitana
Doctor of Philosophy Indigenous Studies
TE PATUWAI
Carole-anne Clarke
Certificate in Vocational Skills (L1&2)
Maia Connor
Bachelor of Education Te Tohu Paetahi Ako
Tamihana Coxhead
Bachelor of Arts and Law
John Hilton Harawira
Certificate in Māori Language
Level 4
Shane Rongokino
Hona
Diploma in Māori Governance and
Leadership
Te Motu Savage
Helena Wells
Certificate in Mental Health
Netcor Education and Training
Te Patuwai grant recipients
TRoN A
Ngāti Rangataua grant recipients
ANNUAL REPORT 2013
| RUA TEKAU MĀ TORU |
23
NGĀI TAIWHAKAEA
Peter Boy Patene
Aukaha
Bachelor of Applied Social Service
Northland Polytechnic
Pauline Bennett
Bachelor of Fine Arts & Art History
Anituatua Yvonne
Black
Taroi Black
Matauranga Māori Pae Tuatahi
Christina Casey
Bachelor of Midwifery
Haley Rose CastleTauroa
Bachelor of Tourism Management
Zandra Hahipene
Diploma in Māori Governance
and Leadership
Christine Melligan
Master of Indigenous Studies
Karamea MurrayCarroll
Certificate in Hairdressing Level 3
Jessie Nathan
Bachelor of Arts
Peter Ngatai
Bachelor of Science
Courtney Reneti
Bachelor of Laws and Bachelor of Arts
Tyla Stevenson
Bachelor of Physical Education and
Manukorihi Tarau
Bachelor of Environment Studies
Tuhapo Tipene
Masters of Māori Studies
Pera Tutua-Nathan
Bachelor of Commerce and
Administration
Jenny Wahapango
(Biculturalism in Practice)
Jessie Wana
(Biculturalism in practice)
Jessie Warren
Certificate in Hospitality and
Employment Skills
New Zealand Management
Academies Ltd
NGĀTI HOKOPU KI TE HOKOWHITU
Kristal Heta
Bachelor of Tourism Management
Laura Skidmore
Bachelor of Pharmacy
Nathan Te Hurinui
Stewart
Bachelor of Arts
Shaani Tauroa
Tui Wright
Bachelor of sport and exercise science
Bachelor of Environment Studies
Ngahuia Ashley
Leighton
Bachelor of Commerce and
Administration
Jade Westrupp
Bachelor of Health Science majoring in
Occupational Therapy
NGĀTI HIKAKINO
NGĀI TE RANGIHOUHIRI
24
Quintin Kerr
Zoe Kimiora Studer
Bachelor of Sports & Leisure
Bachelor of Arts
Ricki Tauroa
Te Awa Tuapapa - Certificate in Māori
Language
| RUA TEKAU MĀ WHĀ |
ANNUAL REPORT 2013
NGĀTI HOKOPU KI TE WHARE O TOROA
Devon Ngawai Bluett
National Certificate in Tourism
Level 3
Te Aniwa Copeland
Bachelor of Laws, Bachelor of Art
Kahutia Forbes-Hill
Pre-Trade Carpentry Course
Tumahaurangi Trust Construction Trade
Training Unit
Shoshanna Guptill
Bachelor of Early Childhood Studies
Tamati Hudson
Bachelor of Arts
(English and New Media Studies)
Tylee Hudson
Bachelor of Arts
Wynell Iraia
Bachelor of Nursing
Vicki Ketu
New Zealand Diploma in Business Level
6
Ngaia Mason
Bachelor of Education conjoint with
Bachelor of Arts
Hiraina Mitai-Harris
New Zealand Diploma in Business First two years of Bachelor of Applied
Management
Christopher Stewart
Bachelor of Engineering with Honours
Massey University
Edward Sykes
Bachelor of Management Studies
Cruz Thomas
Certificate in Collision Repair
Level 4
Grace Abbott
Bachelor of Laws/Bachelor of Arts
Conjoint Degree
Shayden Bell
Health Sciences
Ashley Ellis
Bachelor of Medicine and Bachelor of
Surgery
Francesca Higgins
Postgraduate Diploma in Forensic
Science
University of Auckland
Wikitoria Mitai
Bachelor of Arts (Māori)
Eastern Institute of Technology, Taradale
WHAREPAIA
NGĀTI AWA KI PONEKE & NGĀTI AWA KI TAMAKI MAKAURAU
Cadence Hunia
Business Administration
Anthony Hunt
IT Computer Network Engineering
Level 5
Avonmore Tertiary Institute
Ngāti Hokopu ki te Hokowhitu
grant recipients
TRoN A
Ngai Taiwhakaea grant recipients
ANNUAL REPORT 2013
| RUA TEKAU MĀ RIMA |
25
DEVELOPMENT NGĀTI AWA
DEVELOPMENT NGĀTI AWA
TE REO IRIRANGI O
TE MĀNUKA TUTAHI
NGĀTI AWA RESERACH
AND ARCHIVES
NGĀTI AWA TERTIARY
TRAINING ORGANISATION
TE WHARE WANANGA
O AWANUIARANGI
TE TOHU O TE ORA
O NGĀTI AWA
The vision and aspirations of Ngāti Awa are captured
within Ngāti Awa Te Toki and in essence seeks to protect
and maintain the cultural and spiritual uniqueness of
Ngāti Awa. The responsibility for the revitalisation of te
reo Ngāti Awa and strengthening of our Ngāti Awatanga
cannot be limited to just Te Rūnanga o Ngāti Awa. This
must be a shared vision that permeates throughout
our whānau, hapū and Iwi entities. Te Ara Poutama
the strategic 5 year plan for 2010 – 2015 will provide a
“road map” for how the Whānau, hapū and Iwi entities
can work together to achieve:
• Turangawaewae - and our connectivity to the
•
•
•
whenua, to our culture and spirituality
Mauri Ora - and our protection and sustainability of
our resources
Toi Ora - through the achievement of ultimate
wellbeing in our health, social and educational and
economic pursuits
Tupakari - leadership through Whānau, hapū and Iwi
Representatives from Te Whare Wānanga o
Awanuiārangi, Te Tohu o Te Ora o Ngāti Awa, Te Reo
Irirangi o Te Mānuka Tūtahi, Ngāti Awa Tertiary Training
Organisation, Ngāti Awa Research and Archives and
representatives of the previous Board constitute the new
Ngāti Awa Development Board established this year.
We are looking forward to the collective efforts of the
entities contributing to Te Ara Poutama outcomes in
the future.
26
| RUA TEKAU MĀ ONO |
ANNUAL REPORT 2013
TE WHARE WĀNANGA O
AWANUIĀRANGI
It is once again my pleasure to present this report
outlining the commitment of Te Whare Wānanga o
Awanuiārangi to both Iwi and Crown, and the gains
we have achieved through our distinct kaupapa
Māori philosophy. Financially, the past year has been
another successful one for Awanuiārangi. Group
Comprehensive Income of $3.9m (13.3% of Group
revenue) was achieved which well exceeded the TEC
minimum target (3%). Group revenue was 5% ahead
of budget as a result of higher interest and research
income; while Group expenditure was 5% below
budget signalling the realisation of cost efficiency
savings. Group Equity grew by 8.9% over the year to
$47.5m.
Despite strong performances during an economic
recession, the imposition of a moratorium on EFTS
across the sector placed a constraint on growth in 2012.
As a consequence we have accelerated the change in
our mix of provision by ramping up our degree outputs.
This move was to increase the revenue return through
higher paying EFTS as well as responding to the dearth
of Māori graduates with degrees.
Our new campus facility in Whakatāne was opened
in December 2012. Our world-class campus fulfils
the Waitangi Tribunal Settlement signed between
Awanuiārangi and the Crown in 2003 “to cover the
real cost of bringing buildings, plant and equipment up
to a standard comparable to other Tertiary Education
Institutions”. In 2013, 2200 students graduated
from Te Whare Wānanga o Awanuiārangi with 1950
Certificates, 249 Bachelor degrees, 16 Masters and
two PhD doctorates.
The Wānanga continues to build research capacity
through its research institutes (Te Whare Mātauranga
Māori – The National Institute for Māori Education,
Tokorau – The Institute for Indigenous Innovation, Te
Pourewa Arotahi – The Institute for Post-Treaty Settlement
Futures, Te Whare Taiao – The Institute for Indigenous
Science, and The National Institute for Māori and
Indigenous Performing Arts). In addition, Awanuiārangi
has organised and contributed to numerous national and
international conferences, supporting critical forums for
the transfer of indigenous knowledge.
We have also continued to strengthen collaborative
initiatives that include the Bay of Plenty Tertiary
Partnership with the Bay of Plenty Polytechnic
and the University of Waikato; Te Rūnanga a Iwi o
Ngapuhi; The Computer Clubhouse Trust for the
Network of Aotearoa Clubhouses (NOAC); The High
Tech Youth Academy; Manaakitanga Aotearoa Trust,
Northtec, Unitec and Waiariki Institute of Technology.
International relationships established include: the
United States (Alaska, Washington State, Hawai’i),
Microsoft; Norway – Sami University College and
Tromso University; Australia (Universities of Sydney,
Newcastle, Flinders, Central Queensland and Charles
Sturt, and the National Aboriginal and Torres Strait
Islander Education,); Canada (Charles Sturt University,
University of Northern British Columbia, University of
British Columbia and tribal universities); Cooks Islands
and the University of the South Pacific; Taiwan; India
(Universities of Orissa, Sikkim and Assam); and the
Government of the Bahamas and Konnex Networks (a
UK-based technology company)
TRoN A
In summary, this past year has been fruitful, and our
achievements against the goals we set ourselves include:
• Growth in graduate programmes, with more than
200 Masters and more than 80 doctoral student
enrolments;
• 42% of our students engaged in degree
programmes;
• 23% or more than one-fifth of all Māori students
engaged in doctoral studies in New Zealand are
enrolled with Awanuiārangi;
• The graduation of our first Doctors of Philosophy
(PhD);
• Academics from Wānanga and universities in
Australia, Canada, Hawai’i and New Zealand
attended our indigenous education conference
‘Transforming Indigenous Education: Kia Mau ki
te Aka Matua’;
• In December, the first Honorary Doctors of
Philosophy (Honoris Causa) were bestowed upon
Te Onehou Eliza Phillis and Sir Harawira Gardiner; a
third doctoral student graduated and Awanuiārangi
was accredited to teach a new professional
doctorate degree. The degree is proving popular
and an international cohort of 15 Native American
students has enrolled for 2013.
Distinguished Professor Hingangaroa Smith
PhD (Auckland), LL.D (Hon. Causa), D.Litt (Hon. Causa),
M.A. (Hons), Dip. Tchg
Chief Executive Officer/Vice-Chancellor
ANNUAL REPORT 2013
| RUA TEKAU MĀ WHITU |
27
TE REO IRIRANGI O
TE MĀNUKA TŪTAHI
Our journey over the previous 12 months has been
positive with important growth and development for
our organisation. The promotion of te reo Māori me
ona tikanga to contribute to the long term survival
of our language and customs is our key objective
as an organisation. This is also consistent with the
core strategies of Te Ara Poutama o Ngāti Awa, the
Ngāti Awa development plan. Attempting to create
engaging content that acheives these aims and
that reflects our various communities of interest is
a constant and ongoing challenge. Trying however
to cater for such a diverse audience of listeners on
both frequencies but within one programme format
has meant that our broadcast product has at times
sounded mixed with equally mixed results. So on 17
September 2012 we revived Tumeke FM with a target
audience of 45+ of intermediate to fluent speakers of
te reo Māori combined with a relevant music format.
While Tumeke FM is yet to be formally surveyed our
internal tracking indicates a growth in audience due to
these changes.
We also relaunched Sun FM with new branding and
format. Our focus, besides the commercial gains, was
to try and normalise te reo in the wider community
since the majority of our people are under 25 and most
of them have limited exposure to the language. Sun
FM’s audience share has grown substantially with a
recent survey indicating we have 17,500 listeners of
the 18+ demogrpahic plus an increase in community
engagement via our digital platforms.
Broadcast outputs
Ngāti Awatanga – On a daily basis we are reporting
on relevant Ngāti Awa and Mātaatua news and events
with our regional news service both on air and with our
digital platforms, which is then sent to our national news
provider Radio Waatea News for distribution to the Iwi
Radio Network. The point of difference with our regional
news is that we report predominantly on positive news
and leave negative reporting for mainstream media. We
understand that our contribution has set the standard
for content and delivery of regional news for Radio
Waatea News. We have made a concerted effort to
increase our community engagement at various events
that included Te Whare Wānanga o Awanuiarangi
Graduation, Te Wānanga o Aotearoa Graduation, Ngāti
Awa Hapū Challenge, Ngai Tūhoe Treaty settlement
signing at Parliament, World Smoke Free Day, Anzac
Day Commemorations, Nga take Tōrangapū (Te
Ururoa Flavell and Pita Sharples) Maisey Rika, Ria
Hall, Whirimako Black, Womand Concert, Toni Huata,
28
| RUA TEKAU MĀ WARU |
ANNUAL REPORT 2013
Korero Hauora (Tunuiarangi McLean), Whatumanawa
(Eyes of the Heart), Te Hui Ahurei o Tūhoe, Delamare
Cup, Matariki, Whakatāne Netball, Tūhoe Sports,
Mātaatua Sports (Waka Ama),Tūhoe ki Waikaremoana
Māori Trust Board, Rheumatic Fever campaign,
Sawmill Workers against Poison (SWAP), as well as
engagement with local business kupu o te ra.
Pu Kaea
As part of our continuing support for te reo Māori in
both spoken and printed form and as an element of
community outreach we continue to publish Pu Kaea
albeit on a reduced basis. The late Te Onehou Phillis
requested that we maintain publication of this iconic
and one of the last remaining tribal newspapers. We
try to ensure either bi-monthly or quarterly editions
to publicise the stories of interest to our communities
even though the paper continues to make a loss. It
will be remembered that the promotion of language
and culture is not always a profit making activity. The
printing costs of publication are approximately $2,750
per issue and while we have existing subscribers and
sponsors the need for maintaing those clients as well
as securing new supporters remains an ongoing point
of discussion.
Financial performance
A deficit was recorded for the 30 June 2013 financial
year of $44,276 ($23,404 in 2012) which included
$29,880 in depreciation. This also affected the asset
base recorded at $347,802 ($402,877 in 2012).
The cost of maintaining essential broadcast and
automation equipment is a constant challenge for the
organisation given how quickly it becomes obsolete
and how expensive it is to maintain. Retaining and
training staff is another relevant consideration and this
has also added to increasing operational costs along
with one off rebranding expenses. Without the ongoing
support of Te Rūnanga o Ngāti Awa the costs of repairs
and replacements would become prohibitive and this
would eventually result in the degrading of broadcast
coverage and quality. We acknowledge the assistance
of the Rūnanga in their continuing support for the
station. On the positive side sales have increased are
further sustainable gains are likely in the next financial
year. We are now receiving inquiries and request for
advertising from businesses who have previously
refused to deal with iwi providers. They have even
asked for advertisements to be broadcast in te reo.
Funding has been secured from Te Mangai Paho
to record a music album entitled “Reiuru” This will
consist of 5 orginal waiata Māori with lyrics composed
by Ngāti Awa writers Maria Elliot and Maraea Davies.
This will add to the growing library of Māori music
composed by our own Ngāti Awa writers. We intend
to have this project completed, February 2014. Video
production work continues to increase as important
tribal and hapū events are recorded for archival
purposes including the recent Taiwhakaea II Tipuna
Whare Centennial. Editing of our kaumātua recordings
remains an ongoing project despite the absence
of specific funding. The promotion of language
and culture requires the retention of our existing
knowledge base through audio visual recording.
Summary
Overall our reporting year has been positive and the
outlook for improvements in sales remains promising.
The survival and retention of te reo Māori me ona
tikanga remains our principal operational objective
and we continue to critique our efforts as part of an
ongoing process of review and improvement.
NGATI AWA TERTIARY TRAINING
ORGANISATION
On 30 June 2013, NATTO Management decided not to
re-new the MSD 13 week Training for Work contract as
the organisation could not meet the 80% participation
rate and 80% employment outcomes. Unfortunately,
the calibre of WINZ clients referred to this course
included long term beneficiaries and those who were
on the sickness benefit and had not yet received
medical clearances; the loss of 60 placements and
$173,220 (GST exclusive) to NATTO annually. The
Youth at Risk programme was also terminated by MSD
in the same month and these funds were channelled
to Youth Social Sector Trials organisations; the loss
of 40 placements and $200,000 (GST exclusive) to
NATTO annually.
On 4 September, 2013, Stephen Joyce and Paula
Bennett announced from the Beehive that the
Foundation-Focused Training Opportunities (FFTO)
programme is to be replaced from 1 January 2014
with an expanded range of more effective education
and training programmes to help beneficiaries and
young people get into work.This move has resulted in
NATTO losing 35 placements for WINZ clients aged
25 years and older and funding worth approximately
$360k. Government agencies are primarily focused
on employment outcomes for funding purposes and
no longer consider stair-casing to higher learning a
priority outcome. The short duration training courses
ANNUAL REPORT 2013
| RUA TEKAU MĀ IWA |
29
TRoN A
Staffing and projects
For many years we have had only 2 operational
studios at any given time, which often led to bottle
necks in producing broadcast content. We now have
4 operational broadcast studios which allows for a
more efficient work flow. We are also exploring the
possibility of upgrading our transmission to ensure we
extend our current limited audience reach.
(13 weeks) and Training for Work (13 weeks) funding
opportunities available for 2014 from the Ministry
of Social Development (MSD), demand outcomes
of 80% employment for both courses, which are
nigh impossible targets for long term beneficiaries,
sickness beneficiaries and young Māori people. As
a Māori Tertiary Provider, we strongly believe that a
more holistic approach to learning, delivered by highly
qualified and dedicated tutors, brings optimum results
for our learners. Learning barriers such as unstable
home lives, violence, drugs and alcohol, to name a
few are the everyday realities our tauira have to deal
with. On a more positive note, NATTO and a local
Māori employer, Powerlines and Services Ltd, owned
by Buddy and Stephanie Wharewera, are submitting
a proposal to the Ministry of Business, Innovation
and Employment (MBIE) for Māori and Pasifika
Trades Training Initiative funding. If the proposal is
accepted, this venture will provide an opportunity
for Māori aged 18 to 34 to obtain Levels 2 and 3
trades qualifications, entry into L4 apprenticeships
and employment. We envisage the Line Mechanic
Distribution course starting in July 2014. In 2013,
NATTO also applied and received NZQA Programme
Approval to deliver three National Certificate courses;
Level 2 Computing, Level 2 Hospitality and L1 and
L2 Te Reo/Māori Performing Arts/Employment Skills.
NZQA Programme Approval is a TEC compulsory
requirement to receive YG fees-free funding.
For 2014, the Tertiary Education Commission (TEC)
has allocated NATTO 20 Youth Guarantee placements
for tauira aged between 16-19 years. NATTO’s only
other viable funding option available is to offer and
deliver L2 Computing, L2 Hospitality and L1 and
L2 Te Reo/Performing Arts/ Employment Skills over
two 24 week semesters, to at least 30 tauira aged
between 20-24 years. Tauira learning will also include
intensive Literacy and Numeracy support. This move
will provide opportunities for our tauira to achieve
their first NZQA units towards NCEA Levels1 & 2,
NZQA L2 National Certificates and an opportunity to
stair-case to higher learning at Te Whare Wānanga
o Awanuiārangi or Waiariki Polytech. Unfortunately,
Māori aged over 25 will now be required to seek
employment or to apply for StudyLink loans to attend
fee paying tertiary institutions.
As the Government vision is so limited towards
second chance learning for Māori, this puts NATTO
in an extremely challenging environment. We are
sourcing other fees-free funding options to ensure
the continuing viability and sustainability of the
organisation. We hope, with the support of Ngāti Awa
hapū/iwi, NATTO will continue to be one of the longest
serving tertiary providers in the Eastern Bay of Plenty.
30
| TORU TEKAU MĀ WARU |
ANNUAL REPORT 2013
TE TOHU O TE ORA O NGĀTI AWA
After 15 years with Te Tohu o Te Ora o Ngāti Awa,
Enid Ratahi-Pryor took up the position of Chief
Executive for Te Rūnanga o Ngāti Awa. This was one
of the biggest changes for the organisation which
saw the appointment of Hawiki Ranapia as Transition
Manager.
The major focus for the organisation was to review its
management structure for the long term. Management
capacity is a challenge which is currently being
considered by the Board as part of the review of the
management structure.
Funding continues to be affected by the tightening
of purse strings and implementation of government
strategy by funders. Government strategies and
decisions continued to impact on Te Tohu o Te Ora o
Ngāti Awa.
The introduction of the social welfare reforms and
the release of the Children’s Action Plan by the
government have impacted on the work of our Social
Services Team. Some whānau have been affected by
the social welfare reforms this year although we expect
to see the impact on more whānau in the coming year.
The government’s decision to extend the Social Sector
Trials sees a Trial in Whakatāne from July 2014. An
impact on the organisation has been the reduction of
a contract by half due to its reallocation to the Social
Sector Trials. While we have retained half the contract,
it is likely this will not be renewed beyond its end date
as the Trials as priorities are set and implementation of
the action plan takes momentum.
Integrated health services have been on the agenda
for health with the Bay of Plenty District Health
Board focusing on the development of an Integrated
Healthcare Strategy. At present it appears this
strategy is centred on integrating primary, secondary
and community health services. Despite the feedback
to consider integration so that it includes other
sectors such as social and housing, this has not
been considered in this strategy. Measuring whether
services are value for money has also been a core
piece of work the Bay of Plenty District Health Board
was undertaking. The two service areas included in
this project were Tamariki Ora and Mental Health. Te
Tohu o Te Ora o Ngāti Awa participated in the Tamariki
Ora project which showed that the funder was getting
value for money. The Value for Money project was
commissioned by the Ministry of Health however it
has come to a standstill. Key performance indicators
and results based accountability measures continue
to be a priority focus. The need to remain accountable
Information technology remains one of our major
priorities. Time target has now been implemented
replacing a paper based timesheet and leave
application process. We are working to correct some
of the issues in the system however overall there
has been an improvement in the system. We have
implemented mobile technology in some service
areas and are looking at extending this once we have
reviewed what we need and associated costs.
Intervention whānau received by accessing services
delivered by Te Tohu o Te Ora o Ngāti Awa resulted
in changes for whānau. Some of the achievements
have included:
•
Introduction of a nurse led clinic at the Community
Link Centre based in the Work & Income NZ offices
has helped improve access to health screening for
whānau. This has enabled our services to connect
with some of those whānau who have been hared
to reach.
•
Early detection and treatment for tamariki and
whānau identified through the Rheumatic Fever
Prevention Service with the strep A bug which
leads to rheumatic fever.
•
Increase in the number of parents/caregivers who
are proactively seeking support from our services
for their tamariki and/or whānau.
•
Whānau participating in programmes we provide
implementing the strategies they have been taught
at home and providing positive feedback on ways
this has improved their relationships with their
tamariki and/or whānau.
•
Increase in the number of joint visits between
services which has enabled a more integrated
approach in delivery for whānau. A health and
social focus for those clients with more than one
service ensures that all the issues are addressed,
while at the same time reducing the number of
visits.
•
There have been some positive changes for
whānau who have accepted support from our
services who are referred by the Family Violence
Interagency Response Forum. Accessing services
is not mandatory for whānau who come through
this Forum; it has been the perseverance of our
Social Worker to visit each time they come up at the
Forum that has led to whānau requesting support
through our services.
•
Whānau have been supported into housing that is
appropriate and affordable.
•
Increase in licensed number of tamariki able to
attend Te Waipuna Ariki o Matangireia from 50 to 60.
This year has been one of change. With change has
come the opportunity to reflect, review and identify the
organisation’s requirements for the future. We have
continued to ensure we meet our contractual obligations
while not comprising the priorities of the organisation.
Government strategy continues to impact on service
delivery however ensuring we support whānau to make
a difference is at the centre of what we do. Te Tohu o Te
Ora o Ngāti Awa remains committed to and focused on
ensuring are available to address the needs of whānau,
hapū and Iwi. We have established relationships in the
community that support this kaupapa and will support
us to take up new opportunities that will benefit whānau,
hapū and Iwi.
TRoN A
and demonstrate that we are making a difference is
a priority for all services. The increased reporting
requirements by some funders against specific
contracts have resulted in increased compliance
activities for the organisation.
ANNUAL REPORT 2013
| TORU TEKAU MĀ TAHI |
31
Ngāti Awa Group Holdings Limited
CHAIRMANS
REPORT
The launch in June of the Ngāti Awa Farm
Cadetship establishes a succession program
for the future of Ngāti Awa farming.
At a glance
32
| TORU TEKAU MĀ RUA |
ANNUAL REPORT 2013
2013
2012
Net surplus
after tax
$2.2
million
$1.3
million
Total Assets
$92
million
$83
million
Return on Total
Assets
2.6%
1.6%
1.
2. 3.
Succession planning for the future
Sustainability practices throughout our commercial asset base
Optimise economic, cultural and social returns.
SUCCESSION PLANNING FOR
THE FUTURE
We have appointed some new faces into the NAGHL
Board, its committees and subsidiary companies. While
it is not a sweeping change as some would expect
it is the beginning of a very careful, and considered
approach to succession within NAGHL.
NAGHL
Ngāti Awa
Farms Ltd
Investment
Committee
Ngāti Awa
Audit
Committee
Appointed
Brian Tunui
Resigned
Jim Davies
Retired
Don Grant
Appointed
Wilhelm Studer
Appointed
Brian Tunui
Appointed
Kay Read
Chairman –
Resigned
Waaka Vercoe
Appointed
Chairman
Brian Tunui
The launch in June of the Ngāti Awa Farm Cadetship
establishes a succession program for the future of Ngāti
Awa farming where Ngāti Awa people will manage and
be employed on Ngāti Awa farms.
LONG TERM SUSTAINABILITY OF
NGĀTI AWA ASSETS AND OUR
ENVIRONMENT
NAGHL are cognisant of the need to manage the
environmental impacts of soil erosion and land slippage
on Ngāti Awa Station. Small woodlots were harvested
in December 2012 further exposing the whenua to soil
erosion. Extensive surveying and mapping of the farm
was implemented which lead to a number of projects
including; a significant re-afforestation project lead by
CO2 NZ, mauri enhancement projects with the building
of weirs and native plantings to mitigate flooding
lead by Te Rūnanga o Ngāti Awa and the fencing of
all waterways to restrict cattle access in addition to
the reduction of large scale cattle farming. Tourism
activities are being identified and the station name has
been changed to Ngāti Awa Heritage Estate to better
reflect the diversity of activity and cultural heritage.
The 500ha re-afforestation project will include a mix
of natives to compliment the adjacent kiwi reserve,
faster growing pine and eucalypts that will provide an
economic benefit through logging and the production
of carbon units. The forest project implemented in
August 2012 has a capital establishment cost of
$3.2m of which $1.9m was paid by 30 June 2013.
The project or asset was impairment tested which
lead to a write down from $1.9m to $1.1m. Given the
long term (approx. 50 years) nature of the project and
the uncertainty of what future carbon prices will do,
the $0.8m write-down has been made to the carrying
value at year end.
The combined Ngāti Awa Group Holdings Limited and
Ngāti Awa Asset Holdings Limited’s financial results for
the year ended 30 June 2013 was a net surplus after
tax (including non-controlling interests) of $2.2 million.
This compares to the previous year’s net surplus after
tax of $1.3 million. Combined assets of the commercial
operations (including non-controlling interests) grew to
$92 million, previously $83 million in 2012. The graphs
overpage quantify by asset the net surplus/deficit and
return on investment. The direct costs for revenue
generating activities have remained consistent with
last year.
NAG HL
On behalf of the Board of Directors I am very pleased
to present the Annual Report of Ngāti Awa Group
Holdings Limited (NAGHL) for the year ended 30
June 2013. There have been a number of significant
changes within our governance and management
structures, driven by the Boards focus on getting the
basics right. Improving our financial performance has
been our number one priority and accordingly we reviewed
a number of areas including NAGHL’s strategic direction.
As a result we released a new NAGHL Strategic Plan,
with clear goals and objectives for the next five years. We
concentrated on three main themes:
ANNUAL REPORT 2013
| TORU TEKAU MĀ TORU |
33
The combined Ngāti Awa Group Holdings Limited and
Ngāti Awa Asset Holdings Limited’s financial results for
the year ended 30 June 2013 was a net surplus after
tax (including non-controlling interests) of $2.2 million.
This compares to the previous year’s net surplus after
tax of $1.3 million. Combined Assets of the commercial
operations (including non-controlling interests) to $92
million, previously $83 million in 2012. The graphs
below quantify by asset the net surplus/deficit and
return on investment. The direct costs for revenue
generating activities have remained consistent with
last year.
2.7
NET SURPLUS BY ASSET
2013
1.7
2012
0.7
-0.3
Manu Hou
Wireless
Shares
Fixed Interest
Ngakauroa Dairy
Farm
Fisheries
Property
Carbon Credits
Forestry Land
-2.3
CO2 Project
-1.3
Drystock Farm
$millions
Ngāti Awa Group Holdings comprise six sectors they
are: Dairy Farming, Forestry, Fishing, Tourism, Property,
Equity and Fixed Interest. The sector performance is
outlined below.
DAIRY FARMING
Production and the Fonterra payout were both
slightly above budget for the Ngakauroa Dairy Farm
Joint Venture. However the profit was affected by a
significant (noncash) stock revaluation loss. The cash
return of 4.8% was however above budget.
There has been a $432,000 gain in the value of
Fonterra shares since these were listed on the share
market. Under the accounting standards this gain
has not been treated as profit and has gone direct to
reserves. This year the Board and subsidiary Ngāti
Awa Farms Ltd, concentrated on establishing a
dairy platform. Having prepared the foundations and
34
| TORU TEKAU MĀ WHĀ |
ANNUAL REPORT 2013
infrastructure required the Investment Committee
recommended the purchase of a 373ha dairy unit.
On 4 June 2013 settlement took place for (new
subsidiary) Tumurau Limited Partnership to acquire
a large dairy farm located on Braemar Road, further
extending Ngāti Awa’s cultural footprint. An amount
of $9.92M was paid for Land, Land improvements
and Fonterra shares. A further $1.5M was spent on
livestock (867 cows and heifers) and machinery with
$200K contributed for working capital. At 30 June
2013 Ngāti Awa Farms Limited capital investment in
Tumurau LP was $4.2M (75% of total capital). There
are minority investors holding the remaining 25%
of the investment. The balance of the funding has
come from a $6.3M mortgage. This is the first asset
purchase financed with a significant amount of debt.
This takes advantage of the current low interest rates
to help increase the asset base.
Tumurau and Ngakauroa Farms together create the
beginnings of the Ngāti Awa dairy platform. Both farms
have made a very promising start to the 2013/2014
season and are on target to produce collectively
540,000kg/ms with approx. 1375 cows. A forecast
farm gate pay-out of $8.30 per kg/
ms plus a 32c dividend for next
year, suggests that the Ngāti Awa
dairy platform is off to a great start. Cash Return
4.8%
FISH
FORESTRY Ngāti Awa Group Holdings has approximately 8,384ha in
forestry leases which comprises part Rotoehu (1495ha)
and part Kaingaroa (6889ha). The land is leased for 35
years to Kaingaroa Timberlands and taking the step
from the leasing of land to forest ownership, hunting
access specifically for Ngāti Awa kai mahi are part of
the strategic vision outlined for 2013 -2018. This year
based upon the strength of the rental income received,
the value of our forest lands increased by $327,000.
During the harvest of the smaller woodlots at Ngati Awa
Heritage Estate, Ngāti Awa whānau were provided with
access to firewood. We were pleased to see a number
of whanau take up this opportunity.
Forestry provided a return of 9.8%
for the year including the valuation
increase. The cash return was 6.8% Cash Return
7.2%
Fish quota is an intangible asset that
provides annual catch entitlements
for fish stock species. The asset has
an indefinite life, and tested annually Cash Return
for impairment. This year there was no impairment
against this asset. The quota is valued at $3.5 million
and investment in a crayfish collective is valued at 588k.
Quota is traded through the Iwi Collective Partnership
and Aotearoa Fisheries Ltd. NAGHL also make fish
available for tangihanga through the supply of fish to
the Ngāti Awa pataka from AFL. This year 900kgs of
Tarakihi fillets were distributed to the following marae
for tangihanga; Pūkeko (100kg), Uiraroa (40kg),
Taiwhakaea (160kg), Kokohinau (220kg), Wairaka
(60kg), Tuteao (100kg), Rangataua (40kg), Hokowhitu
(80kg), Mapou (20kg), Rewatu (20kg) Ruaihona (20kg)
and Iramoko (20kg). The Ngāti Awa fisheries cash return
was 7.2%.
6.8%
CARBON CREDITS
PROPERTY
Social Housing & Services
1-3 Toroa Street, Whakatāne
64 Wairaka Street, Whakatāne
NAG HL
There is a carbon credit asset attached to the forestry
land. Over the financial year the carbon price has
weakened from $6.80 to $1.82 per tonne which has
resulted in a write-down due to impairment of $1.2M.
However this has been partially offset by recognition
of the second tranche (the remaining 62%) of the
carbon credits under the Climate Change Response
Amendment Act 2012. In November 2012 this tranche
was recognised at the market price of $2.80 which
equated to $830K recognised as a Government Grant.
ANNUAL REPORT 2013
| TORU TEKAU MĀ RIMA |
35
Schools
Apanui Resource Centre
(transferred to Apanui School)
Apanui School
Ohope Beach School
Whakatāne High School
Others
Ohope Beach Holiday Park
Whakatāne Court House
Army Hall (empty requiring refurbishment)
Ngāti Awa House (Partially rented occupied by
TRONA)
The properties outlined in the previous graph were
revalued this year which reduced the property portfolio
value by $535,000. Returns on the portfolio were also
hit by rental refunds having to be made to the Ministry
of Education. Due to unconfirmed rental valuations
NAGHL were overpaid by the Ministry of Education
for the past 5 years and as a result of arbitration were
required to re-pay the difference to the Ministry. Mr Birnie
formally of Birnie Capital Property Partnership made
a cost contribution payment of 300k to NAGHL. The
chance of further recoveries are
now remote. Overall the property
portfolio returned a negative 4.0%
Cash Return
with a positive 1.6% cash return.
1.6%
EQUITIES & FIXED INTEREST
6.8%
Markets have performed strongly
over the year. The $10M JB Were
managed Australasian equities
EQUITY
portfolio which targets a dividend
yield of 4.5% to replace the Cash Return
cashflow from the term deposit interest and which also
provides capital growth has performed strongly with a
16.4% ($1.5 million) return including dividends. The
process of exiting the $8M Cleary Wealth Management
International portfolio began in September 2012 with
a balance of $2.9M still remaining at 30 June 2013.
Performance of the portfolio has been flat over the year
and there have been no losses on the investments
realised to date. The eight remaining investments
awaiting realisation have been written down from
$3.3M to $2.9M.
The “face value” of the Bond Portfolio has reduced
from $8.7M to $7.5M due to the maturities of bonds over
the year. The market valuation of the Bond Portfolio
was $358,000 above the $7.5M face value at 30 June
2013 due to the high quality of the bonds held. The
movement in this asset is recorded in asset revaluation
reserves (ie. direct in equity) rather than as income.
Management continue to be aware of any high quality
new bond issues coming to the market with a view to
maintaining the level of investment in this portfolio as
36
| TORU TEKAU MĀ ONO |
ANNUAL REPORT 2013
individual bonds mature. Two quality bond purchases
have been made since year end to bolster and prolong
the life of the bond portfolio.
Fixed Interest revenue earned of $0.67M. This
is mainly driven by the performance of the bonds
portfolio which returned 6.6% net. This portfolio has
and will continue to provide some protection against
the current low interest rates.
Fixed interest earned in the prior
year was $0.91M. The reduction
is due to the redeployment of FIXED INTEREST
cash previously invested in fixed Cash Returns
interest to other areas.
5.9%
TOURISM
The establishment of tourism opportunities that
enhance the already existing assets of Ngāti Awa
are underway on the Ngāti Awa Heritage Estate. The
intention is to make more accessible the pa and historic
sites of Ngāti Awa which will extend to Moutohora and
include the already existing operations of Mataatua
Wharenui. While strategies and plans are still in the
early stages NAGHL expects to see a new Ngāti Awa
tourism operation commence business within the next
two years.
I take this opportunity to thank the Investment
Committee, Kay Read and Brian Tunui chaired by
Board member Graham Pryor for their commitment and
oversight of our Investments this year. They completed
no less than 8 comprehensive investment feasibility
reviews in addition to the implementation of additional
processes required to increase the accountability
and responsibility of investment oversight and
decision making. I also wish to acknowledge the
Audit Committee and Chairman Brian Tunui for their
thorough and comprehensive review of the financial
accounts of both NAGHL and the Rūnanga. This year
was a very busy year for the committee requiring
additional meetings to meet the self-imposed scrutiny
by NAGHL of their business.
I particularly wish to commend our new Chief Executive
Enid Ratahi-Pryor who has just recently completed her
first and very successful year in her new role and thank
her team Murray and Glenda for their support to the
Board during the year.
Finally our thanks to the Chairman Te Kei Merito and
Te Rūnanga o Ngāti Awa Board for their ongoing
support, the joint venture partners of Ngakauroa and
Tumurau Farms, Manu Hou who continue to invest
in our partnerships and our whānau and hapū who
continue to support the business of NAGHL.
Sir Harawira Gardiner
Chairman
NAG HL
The investment in the Direct Capital IV Private Equity
Fund via Manu Hou Limited Partnership is now 4 years
into its 10 year lifecycle. The fund is slightly behind its
KPIs in terms of identifying and making investments.
No new investments have been made during the year
beyond the six investments made to 30 June 2012.
However there were revaluation gains of $570,000 on
these investments along with net dividends of $313,000
for the 30 June 2013 year. Manu Hou also holds an
additional “side investment” of $1M into one of the
investee companies within the Direct Capital IV Private
Equity Fund.
ANNUAL REPORT 2013
| TORU TEKAU MĀ WHITU |
37
S
’
R
O
T
I
T
D
R
U
O
P
A
E
R
t
epor
R
’
s
r
a
āti Aw
udito
nt A ūnanga o Ng
e
d
n
R
depe
of Te
roup
the G
d
n
a
ga’)
m
ūnan
3, the h flows
he ‘R June 201
to the
t
as
(
a
w
nt
0
s of c
A
3
i
ts
gāt
s at
ment f significa
a
n
N
e
t
e
n
o
a
t
o
a
i
s
m
o
t
g
i
e
d
n
y
s
t
r
a
n
o
a
a
n
a
p
l
y
summ
Te Rū
. The
al St
equit
ancia
anci atements of ents of fin changes in at include a d the Group time
n
i
F
o
t
f
the
statem
ga an
nts th
nts o
ime t
cial s
rt on d the finan mprise the the stateme cial stateme h the Rūnan 13 or from t
o
p
e
R
20
bot
nan
udite , which co income,
June
n for
the fi
ave a
We h s 42 to 79 rehensive e notes to nformatio olled at 30
p
ge
th
tory i
contr
on pa nts of com ded, and
cial
plana ntities it
x
e
n
e
e
finan such
r
m
e
e
e
n
e
s
h
s
e
e
t
t
e
h
h
o
n
t
stat
h
t
e
t
r
d
of
d for
al
tem
a and
e yea
es an
tation ealand an of financi
l Sta
n
for th ting polici e Rūnang
a
e
i
s
c
e
r
Z
n
n
p
h
o
a
w
t
i
n
r
t
i
e
n
i
a
N
ra
accou comprises l year.
and f
the F
ice in
prepa
ia
p
ration ting pract nable the or.
y for
t
a
i
p
l
i
e
Grou the financ
r
e
p
rr
sib
un
g
d or e
ary to
or the pted acco
spon
durin
ible f
ecess ue to frau
e
s’ Re
s
n
c
e
n
c
e
v
o
a
r
i
p
a
t
y
s
ll
e
rd
ta
are re
it. We
enera
ermin
hethe
esen
r aud and
atives nce with g atives det tement, w
t
u
Repr
o
n
e
n
s
nd)
ed o
epre
orda
esent ial missta
Zeala t ethical
s bas
t
The R nts in acc the Repr
w
n
r
e
e
e
t
N
m
a
(
e
an
te
as
relev
e
rom m
diting
al sta
statem l controls
free f
nanci rds on Au mply with hether th
i
e
a
f
r
n
a
e
r
s
t
e
w
e
a
a
o
t
h
d
c
h
t
int
t
u
n
e
o
a
n
s
o
St
tw
ab
ent
inion rnational
re tha
bility
rance
statem
an op
e
onsi
requi able assu
t
s
p
s
n
s
s
I
sures
d
e
r
e
r
h
exp
wit
s’ R
disclo g the
anda in reason
o
r
e
t
t
c
s
d
o
s
t
n
n
e
i
i
a
a
s
d
e
a
ty
nts
din
Aud
sibili it in accor diting. Th dit to obt ent.
amou ent, inclu ud or
u
d
u
espon
t the
m
u
ra
e
f
o
g
Our r ted our au ards on A form the a misstatem
b
jud
e to
ea
al
er
nd
uc
idenc auditors’ hether du nt to the
v
e
cond tional Sta lan and p om materi
t
i
w
ud
va
the
p
fr
na
ents,
which
d on
s rele
tain a
Inter ments and s are free
to ob ted depen cial statem al control matters to t for
s
e
t
e
r
n
r
i
u
e
lec
t no
ced
nan
the
tern
requ
tatem
res se
g pro
the fi der the in ent fairly tances, bu nal
cial s
rmin e procedu ement of
i
s
s
o
s
e
f
ter
r
n
finan
m
r
n
e
i
o
p
u
p’s
rs c
circ
hat
es p
stat
. Th
nvolv atements terial mis the audito tements t ate in the d the Grou d and the l
i
t
i
d
e
ia
An au inancial st isks of ma ssments, nancial sta appropri nanga an
ies us the financ
ū
r
f
re
polic
fi
sse
in the ent of the ose risk a aration of ures that a ss of the R ccounting ntation of
a
d
p
ne
th
sm
se
asses n making roup’s pre udit proce e effective ateness of verall pre
for
i
a
I
o
h
G
r
t
.
e
n
p
e
r
g
n
h
o
o
h
basis
i
t
r
t
o
r
s
a
p
g
e
d
n
er
p
n
e
d
o
n
i
a
i
d
t
a
o
i
n
v
the
er t
opi
alua
nga
to pro
Rūna ate, in ord essing an evaluating well as ev
riate
p
l
r
s
o
e
s
p
r
a
r
e
x
,
p
d
y
e
s
ap
the
ate
nclu
e of
t and
n our
estim
also i
urpos
han i ot
ficien
t
f
r
u
the p . An audit ccounting
e
s
h
s
ot
di
en
ol
fa
taine
iaries
s hav
contr bleness o
ve ob
ubsid se service
a
s
a
h
n
s
t
e
o
i
s
of
he
ew
rea
r any
ces. T
idenc
ents.
nga o sory servi
dit ev
a
u
statem
n
a
ū
e
i
h
v
eR
that t
nd ad
oup.
in, th
.
elieve
rests ssurance a nd the Gr
e
t
n
i
We b it opinion
a
r
a
ith, o
ud
other e Rūnanga
our a
ship w viders of
h
n
t
o
f
i
o
t
o
a
s
itor
d pr
o rel
rs an
s aud
ave n
aland
We h y as audito endence a
ew Ze
N
t
p
,
i
e
0
c
14
capa
ur ind
ton 6
ired o
elling
W
impa
,
3
4
Box 2
e, PO .com/nz
c
a
r
r
e
c
The T
w.pw
– 119 7001, ww
3
1
1
,
2
pers 4 (4) 46
eCoo
6
rhous 000, F: +
e
t
a
w
Price (4) 462 7
4
T: +6
In
38
rs
embe
Indepe
ndent A
Te Rūna
nga o N
uditor
gāti Aw
a
s’ Repo
rt
Opinio
n
In our o
pinion,
the fina
financia
ncial sta
l positio
tements
n of the
and cas
on page
Rūn
h flows
s 42 to 7
fo
r the yea anga and the G
practice
9 presen
roup as
r ended
in New
t fairly,
a
on that
Zealand
in all m
date in a t 30 June 2013
.
aterial re
, and th
ccordan
spects, th
Restric
eir finan
c
e
w
e
ith gene
tion on
cial perf
rally acc
This rep
ormanc
D
i
s
tributi
epted ac
e
ort is m
countin
on or U
ade sole
so that w
g
ly to the
se
e might
R
ū
nanga’s
state to
in an au
the Rūn
membe
ditors’ re
rs, as a b
anga’s m
port and
accept o
ody. Ou
embers
for no o
r assum
r audit w
those m
th
e
er purpo
respons
body, fo
atters w
ork has
ibility to
se. To th
r our au
hich we
been un
anyone
dit work
e fullest
are requ
dertake
other th
, for this
e
x
n
ired to s
te
n
t permit
an the R
report o
tate to th
ted by la
ūnanga
r for the
em
w, we do
and the
opinion
not
Rūnang
s we hav
a’s mem
e forme
bers, as
d.
a
Chartere
d Accou
nta
26 Septe
mber 20 nts
13
Welling
ton
2
Brian Tunui
CHAIRMAN AUDIT COMMITTEE
ANNUAL REPORT 2013
| TORU TEKAU MĀ IWA |
39
NGĀTI AWA GROUP HOLDINGS
L: Graham Pryor, Enid Ratahi Pryor (CEO), Brian Tunui,
Joe Mason, Waaka Vercoe, Absent: Wira Gardiner (Chair)
40
| WHĀ TEKAU |
ANNUAL REPORT 2013
F
O
Y
R
O
T
C
E
S
R
E
DIR
C
I
OFF
For the year ended 30 June 2013
B Aranga
M Aranga
M Araroa
C Bluett
N Brown
M Dodd
C Elliott
Ngāti Awa Group Holdings
Limited [DI RE C TOR S ]
•
•
•
•
•
HT Gardiner
J Mason
G Pryor
B Tunui
TW Vercoe
Ngāti Awa Asset Holdings
Limited [DI RE C TOR S]
•
•
•
•
•
HT Gardiner
J Mason
G Pryor
B Tunui
TW Vercoe
M Glen
J Harawira
S Haua
M Hepi
A Kohunui
J Mason
T K Merito
[D IR EC TOR S ]
• HT Gardiner
• J Mason
• TW Vercoe
Ngāti Awa Investments Limited
[D IR EC TOR S ]
• HT Gardiner
• J Mason
• TW Vercoe
The Ngāti Awa Community
Development Trust [TR U S TE E S ]
•
•
•
•
•
•
TR Chapman
J Dodd
A Green
P Ngaropo
M Ramanui
H Ranapia
PA RTN E R S ]
• Ngāti Awa Farms Limited
• Putauaki Trust
• Ihukatia Trust
• Moerangi Kereua Ratahi Lands
Trust
• Omataroa Rangitaiki No.2
Trust
• Rangitaiki 31P 3F Trust (also
known as Kiwinui Trust)
Management Board Members
•
•
•
•
•
•
•
TW Vercoe
L Stowell
J O’Brien
W Studer
C.Elliot
B.Hughes
S.Ratahi
Manu Hou GP Limited
[DIRECTORS]
• C Elliott
• T Hunia
• TW Vercoe
[LIMITED PARTNERS]
• Ngāti Awa Farms Limited
• Rotoehu Forest Trust
• Rangitaiki 31P 3F Trust (also
known as Kiwinui Trust)
•
•
•
•
•
TR Chapman
A Jaram
H Mead
J Mason
P Ngaropo
Tumurau Limited Partnership
Manu Hou Limited Partnership
Ngāti Awa Properties Limited [L IM IT ED PA RTN E R S ]
[DI RE CTO RS ]
• HT Gardiner
• J Mason
• TW Vercoe
Ngāti Awa Farms (Rangitaiki)
Joint Venture [JOIN T V E N TURE
Ngāti Awa Research & Archives
Trust [T R U S TE E S ]
Ngāti Awa Forests Limited
[DI RE CTO RS ]
• HT Gardiner
• J Mason
• TW Vercoe
P Ngaropo
R O’Brien
P Raimona-Salmon
M Sisley
H Stipich
T Wharewera
R Williams
Ngāti Awa Fisheries Limited
Ngāti Awa Farms Limited
[DI RE CTO RS ]
• HT Gardiner
• D Grant
• J Mason
• L Stowell
• W Studer
| REPRESENTATIVES
•
•
•
Ngāti Awa Asset Holdings
Limited
Omataroa Rangitaiki No.2
Trust
Putauaki Trust
Tumurau GP Limited [DIRECTORS]
•
HT Gardiner
ANNUAL REPORT 2013
| WHĀ TEKAU MĀ TAHI |
41
TE RŪNANGA O NGĀTI AWA
FINANCIAL STATEMENTS
f
Statements o
E
V
I
S
N
E
H
E
R
P
CO M
I N CO M E
Note
Group
2013
2012
$000’s
$000’s
Parent
2013
2012
$000’s
$000’s
Revenue
Net financing income
Total income
6
7
7,582
889
8,471
6,407
1,195
7,602
1,752
496
2,248
1,877
526
2,403
Less expenses
Profit/(loss) before tax for the year
8
7,413
1,058
7,736
(134)
2,892
(644)
3,217
(814)
Less tax (credit)/expense
Profit/(loss) for the year from continuing operations
9
(25)
1,083
207
(341)
(644)
(814)
1,083
(341)
(644)
(814)
754
329
(738)
397
(644)
-
(814)
-
1,083
(341)
(644)
(814)
41
41
(4)
(4)
-
-
1,124
(345)
(644)
(814)
626
498
(742)
397
(644)
-
(814)
-
1,124
(345)
(644)
(814)
Profit/(loss) for the year
Attributable to:
Equity holders of Te Rūnanga o Ngāti Awa
Non-controlling interest
Other Comprehensive Income:
Change in fair value of other financial assets
designated as available-for-sale
Total other comprehensive income/(loss)
Total comprehensive income/(loss) for the year
Attributable to:
Equity holders of Te Rūnanga o Ngāti Awa
10
The accompanying accounting policies and notes form part of the financial statements.
42
| WHĀ TEKAU MĀ RUA |
ANNUAL REPORT 2013
f
Statements o
N
I
S
E
G
N
A
H
C
EQUIT Y
Note
Equity attributable to equity holders:
Equity at the beginning of the year
2013
$000’s
Group
Parent
2012
$000’s
2013
$000’s
2012
$000’s
93,286
94,028
80,448
81,262
Profit/(Loss) for the year
10
754
(738)
(644)
(814)
Other comprehensive income:
- Revaluation losses
Total other comprehensive income
10
(128)
(128)
(4)
(4)
-
-
626
(742)
(644)
(814)
93,912
93,286
79,804
80,448
5,460
5,008
-
-
Profit for the year
329
397
-
-
Other comprehensive income:
- Revaluation gains
169
-
-
-
498
397
-
-
1,400
(150)
(73)
1,177
300
(245)
55
-
-
7,135
5,460
-
-
101,047
98,746
79,804
80,448
Total comprehensive income/(loss)
Te Rūnanga o Ngāti Awa equity at the end of the year
Equity attributable to non-controlling interest:
Equity at the beginning of the year
Total comprehensive income
Transactions with owners:
Contributed equity during the year
Distribution declared during the year
Dividend declared during the year
Non-controlling interest equity at the end of the year
Total equity at the end of the year
10
ANNUAL REPORT 2013
| WHĀ TEKAU MĀ TORU |
43
f
Statements o
N
O
I
T
I
S
O
P
L
A
FINANCI
Group
As at 30 June 2013
2012
$000’s
2013
$000’s
Parent
Note
2013
$000’s
2012
$000’s
Reserves
Accumulated surplus
11
10
10
26,268
67,644
7,135
26,396
66,890
5,460
23,907
55,897
-
23,907
56,541
-
Equity
10
101,047
98,746
79,804
80,448
12
13
29
14
15
8,013
856
2,918
6,217
175
18,179
9,006
582
2,446
1,006
80
13,120
219
362
354
14
949
159
318
386
9
872
15
18
19
20
21
22
22
29
27,383
8,593
812
18,658
39,203
1,030
3,520
99,199
31,999
9,128
1,215
18,173
31,002
1,460
3,520
96,497
48,513
2,415
23,317
156
7,898
82,299
48,515
2,257
23,574
220
8,267
82,833
117,378
109,617
83,248
83,705
This is represented by:
What we own:
Current assets
Cash and cash equivalents
Trade and other receivables
Owing by subsidiaries
Livestock on hand
Investments
Other assets
Non-current assets
Investments
Investment properties
Biological assets
Forestry assets
Property, plant & equipment
Intangible assets
Fish quota
Total assets
Less what we owe:
Current liabilities
Trade and other payables
Income received in advance
Owing to subsidiaries
Ngāti Hikakino and Ngai Te Rangihouhiri II Hapū
Term loans
23
24
29
25
26
Non-current liabilities
Income received in advance
Term loans
632
1,303
2,523
6,326
10,784
914
1,425
2,552
45
4,936
440
8
473
2,523
3,444
579
126
2,552
3,257
24
26
3,750
1,797
5,547
3,893
2,042
5,935
-
-
16,331
10,871
3,444
3,257
101,047
98,746
79,804
80,448
Total liabilities
Net assets attributable to equity holders
TK Merito
Chairman - 26 September 2013
44
44
EP Ratahi-Pryor
Chief Executive Officer - 26 September 2013
f
Statements o
S
W
O
L
F
H
S
A
C
Net cash (used in)/from operating activities
Cash provided from:
Group
Parent
2012
$000’s
2013
$000’s
396
903
1,167
868
1,469
-
575
1,347
1,465
748
2,544
-
268
496
242
66
-
1,056
537
360
66
-
4,803
6,679
1,072
2,019
4,733
123
80
158
5,094
5,903
233
63
232
6,431
2,228
146
2,374
2,622
263
2,885
(291)
248
(1,302)
(866)
1,170
1,500
4,756
1,623
9,049
414
1,300
1,714
1,010
1,010
1,010
1,010
11,539
3,068
1,913
252
16,772
11,541
333
2,990
14,864
47
47
309
2,990
3,299
(7,723)
(13,150)
963
(2,289)
1,400
6,281
7,681
151
300
457
908
473
68
541
151
521
672
223
142
295
660
245
1,531
1,776
142
142
216
1,531
1,747
Net cash generated/(used in) from financing activities
7,021
(868)
399
(1,075)
Net (Decrease)/Increase in Cash Balances
Cash Balances at the Beginning of the Year
(993)
9,006
(13,770)
22,776
60
159
(4,230)
4,389
8,013
9,006
219
159
Note
Grant and funding income
Interest income received
Farming operations income
Other operating receipts
Rental income
Income tax refunds received
Cash applied to:
Payments to suppliers and employees
Grants paid
Interest expense paid
Income tax paid
Net cash (used in)/generated from operating activities
27
Net cash (used in)/from investing activities
Cash provided from:
Dividend income received
Realisation of bonds
Proceeds from the sale of equities
Proceeds from sale of other assets
Cash applied to:
Purchase of dairy farm
Purchase of investments
Purchase of CO2 carbon forest
Purchase of other non-current assets
Wharenui and Ngāti Awa Complex additions
Net cash (used in)/generated from investing activities
Net cash from/(used in) financing activities
Cash provided from:
Income Received on behalf of Ngāti Hikakino & Ngāi Te Rangihouhiri
Loan advanced from subsidiaries
Repayment of loans from subsidiaries
Capital contribution from non-controlling interest parties
Loan advanced from third party
Cash applied to:
Dividends and distributions paid to non-controlling interest parties
Loans advanced to subsidiaries
Repayment of funds to Ngāti Hikakino & Ngāi Te Rangihouhiri
Repayment of term loans
Cash Balances at the End of the Year
12
2013
$000’s
2012
$000’s
45
45
IAL
F I N A N CM
S TAT E E N T S
1
General information
Te Rūnanga o Ngāti Awa (“the Rūnanga”) and its
subsidiaries (together “the Group”) manages the
cultural, social, political and economic base of the
Ngāti Awa iwi. The Rūnanga was incorporated under
the Te Rūnanga o Ngāti Awa Act 1988, which was
subject to the Māori Trust Board Act 1955. Under
Section 5 of Te Rūnanga o Ngāti Awa Act 2005, the
Rūnanga ceased to be a Māori Trust Board from
25 March 2005, but continues as the same body as
established by the Te Rūnanga o Ngāti Awa Act 1988.
The Rūnanga is domiciled in New Zealand. The
address of the registered office is 10 Louvain Street,
Whakatāne.
The financial statements of the Rūnanga are for the
year ended 30 June 2013. The financial statements
were authorised for issue by the Chairman and
Chief Executive Officer on behalf of the Board of
Representatives on 26 September 2013.
2
a)
Summary of significant accounting policies
The principal accounting policies applied in the
preparation of these consolidated financial statements
are set out below. These policies have been
consistently applied to all the years presented, unless
otherwise stated.
Basis of preparation
The financial statements have been prepared in
accordance with generally accepted accounting
practice in New Zealand which is New Zealand
equivalents to International Financial Reporting
Standards (“NZ-IFRS”), and as required by the
Charter of Te Rūnanga o Ngāti Awa.
Statutory base
The Rūnanga is a Public Benefit Entity (“PBE”) and
therefore the interpretations of NZ-IFRS as appropriate
46
| WHĀ TEKAU MĀ ONO |
ANNUAL REPORT 2013
to PBEs have been applied. A PBE is an entity whose
primary objective is to provide goods or services for
community or social benefit and where any equity has
been provided with a view of supporting that primary
objective rather than for a financial return to equity
holders.
The financial statements are presented in New
Zealand Dollars (NZD) rounded to the nearest
thousand. The measurement base applied is
historical cost, as modified by the revaluation of
certain assets and liabilities as identified in these
accounting policies.
The Group consists of the Rūnanga and its
subsidiaries, associates, and joint ventures as
listed in Note 28, Investments in Subsidiaries and
Joint Ventures. Investments in subsidiaries and joint
ventures are carried at cost in the Group’s financial
statements.
Basis of Preparing Consolidated
Financial Statements
Subsidiaries
Subsidiaries are those entities controlled, directly or
indirectly, by the Rūnanga, that is, the Rūnanga has the
power to govern the financial and operating policies of
the entity so as to obtain benefits from their activities.
The Rūnanga’s consolidated subsidiary companies
generally have an accompanying shareholding of
more than one half of the voting rights. The Rūnanga’s
consolidated subsidiary trusts are where the Rūnanga
appoints all the trustees of the trust and their activities
are conducted on behalf of the Rūnanga.
The financial statements of subsidiaries are
included in the consolidated financial statements
using the acquisition method. The consideration for
the acquisition of a subsidiary is the fair values of the
assets transferred, the liabilities incurred and the equity
interest issued by the Rūnanga. The consideration
transferred includes the fair value of any asset or
liability resulting from a contingent consideration
arrangement. Acquisition related costs are
expensed as incurred. Identifiable assets acquired
and liabilities and contingent liabilities assumed in a
business combination are measured initially at their
fair values at the acquisition date. On an acquisitionby-acquisition basis, the Rūnanga recognises
any non-controlling interest in the acquiree either
at fair value or at the non-controlling interest’s
proportionate share of the acquiree’s net assets.
Investments in subsidiaries are accounted for at
cost less impairment. Cost is adjusted to reflect
changes in consideration arising from contingent
consideration amendments.
Investments in subsidiaries are accounted for at
cost less impairment. Cost is adjusted to reflect
changes in consideration arising from contingent
consideration amendments.
Joint Venture Receivables
The joint ventures are established by a contractual
agreement. The Rūnanga’s share of the net
surplus of the joint ventures are recognised in
the statements of comprehensive income. The
investment held on the statements of financial
position reflects the Rūnanga’s share of cash
receivable from the joint venture.
Transactions with Non-Controlling Interests
The group treats transactions with non-controlling
interests as transactions with equity owners of the
group. For purchases from non-controlling interests,
the difference between any consideration paid and
the relevant share acquired of the carrying value of
net assets of the subsidiary is recorded in equity.
Gains or losses on disposals to non-controlling
interests are also recorded in equity.
Graham Pryor
CHAIRMAN INVESTMENT COMMITTEE
ANNUAL REPORT 2013
| WHĀ TEKAU MĀ WHITU |
47
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
b) Revenue
Rental Income
Rental income is recognised in the statements of
comprehensive income on a straight line basis over the
term of the lease.
Grant and Funding Income
Grant and funding income is recognised in the
statements of comprehensive income when the terms
and conditions associated with the grants have been
met and the grants are receivable. Grants relating to the
provision of services are deferred and recognised in the
statements of comprehensive income over the period
necessary to match those grants with their associated
costs that the grants are intended to compensate.
Government Grants
Government grants are assistance provided by the
government in the form of transfers of resources to
the Group in return for past or future compliance with
certain conditions relating to the operating activities of
the Group. Government grants are recognised when
there is reasonable assurance that the grants will be
received and that the Group will comply with conditions
attached to them. Government grants are recognised in
the statements of comprehensive income.
Farming Operations Income
Farming operations income includes dairy income and
stock sales. Income is recognised in the statements of
comprehensive income when the revenue associated
with the transactions can be measured reliably, or an
invoice is raised for the rendering of goods. Goods are
recognised when the significant risks and rewards of
ownership have been transferred, the Group retains
neither involvement nor control over the goods sold,
it is probable that economic benefits will flow to
the Group and the costs incurred in respect of the
transaction can be measured reliably.
Investment Income
Investment income includes dividend income and gains
and losses arising from changes in the fair value of
financial assets held at fair value through profit or loss.
Dividend income is recognised in the statements of
comprehensive income on the date the Group’s right to
receive payment is established. Realised and unrealised
gains and losses arising from changes in the fair value
of financial assets held at fair value through profit or
loss are included in the statements of comprehensive
income in the period in which they arise.
Other Income
Other income is recognised in the statements of
comprehensive income when the revenue associated
with the transactions can be measured reliably for the
rendering of goods and services. Goods and services
are recognised when the significant risks and rewards
of ownership have been transferred, the Group retains
neither involvement nor control over the goods sold, it
48
| WHĀ TEKAU MĀ WARU |
ANNUAL REPORT 2013
is probable that economic benefits will flow to the Group
and the costs incurred in respect of the transaction can
be measured reliably.
Net Financing Income
Net financing income represents financing income less
financing expenses. Financing income comprises interest
income received on funds invested and dividend income
that are recognised in the statements of comprehensive
income. Financing expenses comprise interest paid on
borrowings.
Interest income is recognised in the statements of
comprehensive income as the income accrues on an
effective interest basis. Any fees and directly related
transaction costs that are an integral part of earning
interest income are recognised over the expected life of
the investment, that is, these costs are recognised evenly
in proportion to the investment amount outstanding over
the period to maturity.
c) Expenses
Operating leases
Operating lease payments where the lessor effectively
retains substantially all the risks and rewards of
ownership of the leased items are included in equal
instalments over the term of the lease and expensed
to the statements of comprehensive income. Lease
incentives received are recognised over the term of the
lease as an integral part of the total lease payments.
d) Taxation
Income Tax
Income tax on profits for the period relates to current
tax. It is recognised in the statements of comprehensive
income as tax expense, except when it relates to items
directly credited to equity, in which case it is recorded in
equity, or where it arises from the initial accounting for a
business combination, in which case it is included in the
determination of goodwill.
Current tax is the expected tax payable on taxable
income for the period, based on tax rates (and tax
laws) which are enacted or substantively enacted by
the reporting date and including any adjustments for tax
payable in previous periods. Current tax for current and
prior periods is recognised as a liability (or asset) to the
extent that it is unpaid (or refundable).
Current tax assets and liabilities are offset only to the
extent that they relate to income taxes imposed by the
same taxation authority and there is a legal right and
intention to settle on a net basis and it is allowed under
tax law.
e) Cash and Cash Equivalents
Cash and cash equivalents includes petty cash, deposits
held at call with banks, and other short term highly liquid
investments.
f) Trade and other receivables
Trade and other receivables are recognised initially at
fair value and subsequently measured at amortised cost
on an effective interest basis, less provision for doubtful
debts. Bad debts are written off during the year in which
they are identified
A provision for impairment of trade and other receivables
is established when there is objective evidence that
the Group will not be able to collect all amounts due
according to the original terms of receivables.
g) Livestock
Livestock is carried at fair value less point of sale
costs, where fair value is based on the market price of
livestock of similar age, breed, and genetic merit.
h) Investments
Investments are carried at fair value unless they are not
quoted in an active market and their fair value cannot be
reliably measured. The fair value of such investments
is reliably measurable where the variability in the range
for a reasonable fair value estimate is not significant or
probabilities of the various estimates within the range
of fair values can be reasonably assessed and used in
estimating fair value. Investments in subsidiaries are
carried at cost.
i) Investment Properties
Investment properties are stated at market valuation as
determined every year by an independent registered
valuer. Any movement on revaluation is recognised in
j) Fish Quota
Fish quota shares received by way of settlement are
recognised at their fair value at the date of settlement
and subsequently carried at cost less impairment. Fish
quota shares have an indefinite life and are therefore
not amortised, although they are assessed annually for
impairment.
k) Biological Assets
Farm Woodlot
The Farm Woodlot asset represents standing trees
at fair value less estimated point of sale costs. The
Company obtains an independent valuation of the
Farm Woodlot asset every three years. The most
recent valuation, dated 30 June 2011, was prepared
by PF Olson Limited over the Pine Woodlot, and by
Chandler Fraser Keating Limited over the Eucalyptus
Woodlot. Any movement in valuation is recognised in
CO2 rotation crops
The CO2 rotation crops represents trees planted as
part of a harvestable forest. These are measured at
fair value less estimated point of sale costs.
l) Forestry Land
Forestry land assets represent the land assets owned
with long term licences to forestry companies. Forestry
land assets are stated at fair value as determined by an
independent registered valuer. Any movement in fair
value is recognised in the statements of comprehensive
income.
m) Property, Plant & Equipment
All owned items of property, plant and equipment,
except the Ngāti Awa Farm, are recorded at cost less
accumulated depreciation and impairment losses.
Subsequent costs are included in the asset’s carrying
amount or recognised as a separate asset, as
appropriate, only when it is probable that future economic
benefits associated with the item will flow to the Group
and the cost of the item can be measured reliably.
Increases in the carrying amount arising on revaluation
of property, plant & equipment are credited to asset
revaluation reserve in equity. Decreases that offset
previous increases of the same asset are charged
against asset revaluation reserves directly in equity,
all other decreases are charged to the statements of
comprehensive income.
Ngāti Awa Farm
Farm vehicles, plant and equipment owned by the farm
at 19 December 1989 have been recorded at estimated
market valuation (deemed to be cost) at that date less
accumulated depreciation. Purchases since that date
are recorded at cost less accumulated depreciation
and impairment losses.
Farm land has been recorded at deemed cost. Farm
buildings have been recorded at deemed cost less
accumulated depreciation.
Cultural Assets
The cultural assets category includes carvings and
flax tukutuku, these assets have been recorded at
deemed cost. The Mātaatua Wharenui is carried at an
assigned value on receipt from the Crown plus capital
improvements.
As cultural assets tend to have an indefinite life and are
generally not of a depreciable nature, depreciation is
not applicable.
n) Depreciation
Depreciation is recognised in the statements of
comprehensive income on a straight-line basis over
the estimated useful lives of each part of an item of
property, plant and equipment. Depreciation is used
to allocate the cost (deemed cost), less any residual
value, over an asset’s useful life. Land and Cultural
Assets are not depreciated.
ANNUAL REPORT 2013
| WHĀ TEKAU MĀ IWA |
49
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
n)Depreciation (continued)
The estimated useful lives for the current and
comparative periods are as follows:
Buildings
40 years
Motor Vehicles
3-15 years
Office Furniture & Equipment
3-10 years
Farm Equipment
3-20 years
Cultural Assets
n/a
Depreciation methods, useful lives and residual values
are reassessed at every reporting date.
o) Financial Assets Classification
The Group classifies its financial assets as “at fair
value through profit or loss”, “loans and receivables”,
and “other financial assets designated as available-forsale”. The classification depends on the purpose for
which financial assets were acquired. Management
determines the classification of its financial assets at
initial recognition and re-evaluates this designation at
every reporting date.
i) Financial assets at fair value through profit or loss
Financial assets designated at fair value through profit
or loss at inception are financial instruments that are
not classified as held for trading but are managed, and
their performance is evaluated on a fair value basis in
accordance with the Group’s documented investment
strategy.
ii) Loans and receivables
Loans and receivables are non-derivative financial assets
with fixed or determinable payments that are not quoted
on an active market. They arise when the Group provides
money, goods, or services directly to a debtor with no
intention of selling the receivable. They are included in
current assets, except for those with maturities of greater
than twelve months after the statements of financial
position date which are classified as non-current assets.
Loans and receivables are included in trade and other
receivables and owing by subsidiaries in the statements
of financial position.
iii) Other financial assets designated as available-forsale are non-derivatives that are either designated in
this category or not classified in any of the other financial
asset categories. They are included in non-current
assets unless management intends to dispose of the
investment within twelve months of the balance date.
Recognition and measurement
Purchases and sales of financial assets are recognised
on trade date - the date on which the Group commits
to purchase or sell the asset. Investments are initially
recognised at fair value plus transaction costs for all
financial assets not carried at fair value through profit
or loss. Financial assets carried at fair value through
profit or loss are initially recognised at fair value, and
transaction costs are expensed in the statements
50
50 | RIMA TEKAU | ANNUAL REPORT 2013
of comprehensive income. Financial assets are derecognised when rights to receive cash flows from the
financial assets have expired or have been transferred
and the Group has substantially transferred all the risks
and rewards of ownership.
Financial assets carried at fair value through profit or
loss are subsequently carried at fair value. Loans and
receivables are carried at amortised cost. Realised
and unrealised gains and losses arising from changes
in the fair value of the financial assets are included in
the statements of comprehensive income in the period
in which they arise. Changes in the fair value of other
financial assets classified as available-for-sale are
recognised in the revaluation reserve unless there are
permanent impairment losses which are recognised
directly in the statements of comprehensive income.
When securities are sold or impaired, the accumulated
fair value adjustments are included in the statements of
other comprehensive income.
The Group assesses at each balance date whether
there is objective evidence that a financial asset or
group of financial assets is impaired. In the case of
equity and fixed interest securities classified as other
financial assets designated as available-for-sale, a
significant or prolonged decline in the fair value of a
security below its cost is considered in determining
whether the security is impaired. If any such evidence
exists for other financial assets, the cumulative loss
(measured as the difference between the acquisition
cost and the current fair value, less any impairment
loss on that financial asset previously recognised in
the statements of comprehensive income) is removed
from equity and recognised in the statements of
comprehensive income. Impairment losses recognised
on equity instruments are not reversed through the
statements of comprehensive income.
p) Measurement of Non-financial Assets
The carrying amounts of the Group’s non-financial
assets are reviewed at each balance date to determine
whether there is any indication of impairment. If any
such indication exists, the recoverable amount of the
asset is estimated. If the estimated recoverable amount
of an asset is less than its carrying amount, the asset is
written down to its estimated recoverable amount and
an impairment loss is recognised in the statements of
comprehensive income.
The estimated recoverable amount of assets is the
greater of their fair value less costs to sell and value
in use. Value in use is determined by estimating future
cash flows from the use and ultimate disposal of the
asset discounting these to their present value using a
pre-tax discount rate that reflects current market rates
and the risks specific to the asset. For an asset that
does not generate largely independent cash flows,
the recoverable amount is determined for the cash
generating unit to which the asset belongs.
An impairment loss on non-financial assets which are
carried at fair value, is applied to the corresponding
asset revaluation reserve but only to the extent that
prior year gains are available to offset the impairment
loss. All other impairment losses are recognised in
profit or loss for the year.
q) Trade and other payables
Trade and other payables are measured initially at fair
value and subsequently at amortised cost using the
effective interest method.
r) Term Loans
Term loans are recognised initially at fair value, net of
transaction costs incurred. Term loans are subsequently
stated at amortised cost. If the Group does not have an
unconditional right to defer payment of a liability for at
least twelve months after balance date, then the term
loan will be classified as a current liability.
s) Employee Benefits
Salaries, Wages, Annual Leave, and Sick Leave
Liabilities for wages and salaries, including nonmonetary benefits, annual leave and accumulated
sick leave expected to be settled within twelve months
of reporting date, are recognised in other payables
in respect of employees’ services up to the reporting
date and are measured at the amounts expected to be
paid when the liabilities are settled. Liabilities for nonaccumulating sick leave recognised when the leave is
taken and measured at the rates paid or payable.
Long Service Leave
Long service leave benefits are accrued in other payables using the present value of net future cash flows.
t) Goods and Services Tax
These financial statements have been prepared on a
basis exclusive of GST with the exception of settlement
costs, costs directly associated with residential property,
trade receivables and trade payables that have been
included on a GST inclusive basis.
u) Intangible assets
Software costs
Software costs have a finite useful life. Software
costs are capitalised and amortised over a useful
economic life of 2 to 5 years.
Costs associated with developing or maintaining computer
software programs are recognised as an expense as
incurred. Costs that are directly associated with the
production of identifiable and unique software products
controlled by the Group, and that will probably generate
economic benefits exceeding costs beyond one year, are
recognised as intangible assets. Direct costs include
the costs of software development employees and an
appropriate portion of relevant overheads.
Carbon Credits
Intangible assets include carbon credits acquired by
way of a Government grant and are initially recognised
at fair value at the date of acquisition. Following initial
recognition, these intangible assets are carried at cost
and are tested for impairment annually and whenever
there is an indication that impairment exists.
v) Comparative amounts
Comparative amounts are from the audited financial
statements for the year ended 30 June 2012. Certain
amounts in the comparative information have been
reclassified to ensure consistency with the current
year’s presentation.
3 New accounting standards and interpretations
(i) New and amended standards adopted by the Rūnanga:
In May 2013 the External Reporting Board (XRB)
approved, with effect for periods beginning on or after
1 July 2014, a New Framework for Public Benefit
Entities, including a suite of 39 standards based
largely on International Public Sector Accounting
Standards (IPSAS). The Rūnanga will adopt the New
Framework when it becomes mandatory. The full impact
of these new standards is yet to be determined.
In the interim, all new New Zealand equivalents to
International Financial Reporting Standards (NZ IFRSs)
and amendments to existing NZ IFRSs approved in
and subsequent to, March 2011 are applicable to profitoriented entities only. This means that the financial
reporting requirements for public benefit entities
(PBEs) are frozen for the short-term. Consequently,
new or amended NZ IFRS released during the year are
not applicable to PBEs and hence no disclosure has
been made.
(ii) Changes in accounting policies
The Rūnanga has not changed accounting policies
during the year.
4 Financial Risk Management
Financial Risk Factors
The Group’s activities may expose it to a variety of
financial risks: market risk, credit risk, and liquidity
risk. The Group’s overall risk management programme
focuses on the unpredictability of financial markets
and seeks to minimise potential adverse effects on the
Group’s financial performance.
Risk management is carried out by management under
policies approved by the Board. Management identifies,
evaluates and manages financial risks. The Board
provides written principles for overall risk management,
as well as written policies covering specific areas such
as the investment of excess liquidity.
ANNUAL REPORT 2013
| RIMA TEKAU MĀ TAHI |
51
51
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
Market Risk
Market risk has several principal components being
currency risk, interest rate risk, and price risk.
Currency risk is the potential loss arising from the decline
in the value of a financial instrument, due to changes
in foreign exchange rates or their implied volatilities.
The Group has equity and unit trust investments with
exposure to movements in foreign currency exchange
rates. This risk between the New Zealand dollar and
other foreign currencies are unhedged as there are no
certainty around the exposures.
Interest rate risk is the potential loss arising from the
change in the value of a financial instrument, due to
changes in the market interest rates or their implied
volatilities. Cash flow interest rate risk is the risk that
the future cash flows of a financial instrument will
fluctuate because of changes in market interest rates,
and fair value interest rate risk is the risk that the fair
value of the financial instrument will fluctuate because
of changes in market interest rates.
Price risk is the potential loss arising from the change
in market prices of equity and unit trust investments.
The exposure to price risk arising from investments
in equity securities and unit trusts is managed by the
Group through a diversified portfolio as outlined in the
investment mandate. The Group’s equity investments
are publicly traded and risk is managed through
measuring performance against the NZX 50 Gross
Index, ASX 200 Gross Index and MSCI World Index.
The Group has significant interest bearing assets (term
deposits and New Zealand corporate bonds) that are
currently exposed to cash flow and fair value interest
rate risk where the income, operating cash flows and
fair value are dependent on the changes in the market
interest rates. The Group holds long-term borrowings
which are issued at variable rates. These expose the
Group to cash flow interest rate risk. Borrowings issued
at fixed rate expose the Group to fair value interest rate
risk. The Group manage these risks by placing funds
on deposit for various maturities ranging from 30 days
to 5 years and holding a diversified portfolio of bonds.
Credit Risk
Credit risk is the potential loss arising from a decline
in value of an instrument due to a deterioration in the
credit worthiness of the issuer of the instrument. The
Group has two concentrations of credit risk as the
term deposits are spread across two banks being ANZ
Bank Limited and ASB Bank Limited which both have
a Standard & Poors rating of AA-. The Group is also
exposed to credit risk on its corporate bond investments,
and it manages this by investing in corporate bonds
with a Standard & Poors rating of at least BBB. The
Group manages its credit risk by only placing funds on
deposit with institutions that have a strong capacity to
meet financial commitments.
52
| RIMA TEKAU MĀ RUA |
ANNUAL REPORT 2013
4. FINANCIAL RISK MANAGEMENT (CONTINUED)
Term Deposits Concentrations of Credit of Risk:
ANZ Bank Limited
ASB Limited
2013
$000’s
3,930
2,142
Group
6,072
2013
$000’s
ANZ Bank Limited
ASB Limited
2012
$000’s
5,505
2,048
7,553
Parent
2012
$000’s
-
-
-
-
Liquidity Risk
Prudent liquidity risk management implies maintaining
sufficient cash and marketable securities, the availability
of funding through an adequate amount of committed
credit facilities, and the ability to close out market
positions. The Group manages liquidity risk through
maintaining flexibility in the funding available for
investing activities and meeting operational expenditure
requirements.
Capital Risk Management
The Group manages net assets attributable to ngā uri
o ngā hapū o Ngāti Awa as its capital. The Group’s
objectives when managing capital are to safeguard
their ability to continue as a going concern, so it can
continue to provide benefits for ngā uri o ngā hapū o
Ngāti Awa and to maintain an optimal capital structure
to reduce the cost of capital. The Group does not have
any externally imposed capital requirements.
Fair Value Estimation
The fair value of financial instruments traded in active
markets is based on quoted market prices at the
statement of financial position date. The quoted market
price used for financial assets held by the Group is
based on the current bid price.
The fair value of financial assets that are not traded
in an active market is determined by using valuation
techniques. The Group uses a variety of methods
and makes assumptions that are based on market
conditions existing at balance date. Techniques include
estimated discounted cash flows which are used to
determine fair value for the financial instruments with
no quoted market price.
The nominal value less impairment provision of trade
receivables and payables are assumed to approximate
their fair values. The fair value of financial liabilities
for disclosure purposes is estimated by discounting
the future contractual cash flows at the current market
interest rate that is available to the Group for similar
financial instruments.
5 Critical Accounting Estimates and Judgements
Estimates and judgments are continually evaluated and
are based on historical experience and other factors,
including expectations of future events and are believed
to be reasonable under the circumstances.
The Group makes estimates and assumptions concerning
the future. The resulting accounting estimates will, by
definition, seldom equal the related actual results. The
estimates and assumptions that have a significant risk
of causing a material adjustment to the carrying amounts
of assets and liabilities within the next financial year are
discussed below.
Impairment
The Group tests annually whether an asset is impaired
by assessing whether events or circumstances indicate
the carrying value may not be recoverable.
CO2 carbon forest
The CO2 Carbon Forest represents the CO2 Rotation
Crops included within biological assets (see Note 19)
and Forest Carbon Sinks included within Property, Plant
& Equipment (see Note 21). The CO2 Carbon Forest
project relates to management fees paid to CO2 New
Zealand Limited Partnership for the establishment and
ongoing management of a carbon forest on Ngāti Awa
Farms land.
The carrying value of the project has been determined
based on discounted cash flow (DCF) calculations. The
determination of the carrying value as at 30 June 2013
is highly judgemental. Key assumptions made include
the future price of carbon and the discount rate.
The Group has made judgements regarding these
assumptions in assessing the carrying value. The price of
carbon as at 30 June 2013 is $1.82 per tonne of carbon.
The long term price assumed in the DCF calculation is
6
A long term price of $50 per tonne would be required
for the project to break even and a price of $20 per
tonne would result in the project being fully impaired.
The discount rate applied within the DCF calculation is
7.5% p.a.
Given the significant uncertainties and judgments in
respect of this project, there may be further changes
in value in future years and these could be significant.
The Board will continue to evaluate the carrying value
of the project based on the best information available.
Investment Property
The fair value of investment property is determined
by independent valuers, key assumptions has been
disclosed in note 18.
Fair Value of Investments
The fair value of investments that are not traded in
an active market are determined by using valuation
techniques. The Group uses its judgement to select
a variety of methods and make assumptions that are
mainly based on market conditions existing at each
statement of financial position date. The Group has
performed a discounted cash flow analysis for various
financial assets that were not traded in active markets,
these are included within note 36.
Revenue
Grant Income
Government Grant Income
Dividend Income
Farming Operations Income
Investment Gains/(Losses)
Rental Income
Other Income
7
$37.50 per tonne. In addition to seeking independent
external advice, the Board has considered the following
in assessing the carrying value of the project: the volatile
price of carbon, political uncertainties with respect to the
future of the carbon market, the long term investment
horizon (approx 50 years), and the other benefits the
project provides in terms of reducing the risk of land
erosion. Different assessments of these assumptions
would result in changes to the carrying value of the
project.
Interest Income
Total Financing Income
Interest Expense
Total Financing Expense
Note
22
2013
$000’s
468
833
1,170
1,027
1,427
1,550
1,107
Group
Parent
2012
$000’s
540
414
1,902
231
1,746
1,574
2013
$000’s
386
1,010
(1)
66
291
7,582
6,407
1,752
1,877
969
969
1,258
1,258
496
496
526
526
80
80
63
63
-
-
889
1,195
496
526
ANNUAL REPORT 2013
2012
$000’s
441
1,010
66
360
| RIMA TEKAU MĀ TORU |
53
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
8
Expenses
2013
$000’s
Administration Fees
Auditors Remuneration (PricewaterhouseCoopers)
- Audit Fees
- Fees for Other
Assurance Services
Bad Debts
Board Members Fees and Expenses
Consultants Fees
- Accounting and Tax
- Farm advisory
- Legal
- Projects
- Wireless network
- Other
Depreciation / Amortisation
Farming Operations Expenditure
Grants and Sponsorships
Impairment Losses
Installation Costs
Operating Leases
Rates
Rent
Repairs & maintenance
Revaluation (gains)/losses
- Farms
Telecommunication Expenses
Travel and Accommodation
Wages and Salaries
Other Expenses
9
- Forests
- Properties
Group
Parent
2012
$000’s
2013
$000’s
2012
$000’s
132
139
-
-
86
38
84
13
36
7
35
7
368
80
18
152
138
331
469
750
198
2,016
6
120
6
135
-
335
402
23
22
109
407
85
456
329
528
233
2,415
70
8
112
38
233
7
334
182
4
43
98
123
323
221
6
6
6
21
-
36
192
12
13
295
191
208
263
117
5
11
17
-
(327)
535
24
43
1,309
786
(1,235)
(180)
72
109
1,711
1,211
16
24
899
543
28
78
1,127
582
7,413
7,736
2,892
3,217
Tax Expense
Reconciliation of the Prima Facie Income Tax Payable on
Profit with the Income Tax Expense Charged:
Group
Parent
2013
$000’s
2012
$000’s
2013
$000’s
2012
$000’s
Profit/(Loss) before Tax for the Year
1,058
(134)
(644)
(814)
Exempt Loss from Charitable Activities
2,211
1,163
644
814
Taxable Profit/(Loss) before Tax for the Year
3,269
1,029
-
-
572
180
-
-
(368)
(160)
(8)
9
(70)
(43)
70
-
-
-
(25)
207
-
-
911
247
186
131
Income Tax Expense at 17.5% on Taxable Profit (2012: 17.5%)
Non-taxable Income
Imputation Credits
Share of RWT paid by Manu Hou Limited Partnership
Non-deductible Expenses
Prior period adjustment
Income Tax (Credit)/Expense
Imputation Credit/Māori Authority Tax Credit Account
Imputation credits available to equity holders in
subsequent reporting periods
54
| RIMA TEKAU MĀ WHĀ |
ANNUAL REPORT 2013
10 Equity
Group
30 June 2013
Non-Controlling
Interest
$000’s
Asset
Revaluation
Reserves
$000’s
Other Accumulated
Reserves
Surplus
$000’s
$000’s
Total
Equity
$000’s
Balance at the Beginning of the Year
Profit for the Year
Revaluation Gains/(Losses)
Distribution declared during the year
5,460
329
169
(150)
(73)
1,400
10,533
(128)
-
15,863
-
66,890
754
-
98,746
1,083
41
(150)
(73)
1,400
Balance at the End of the Year
7,135
10,405
15,863
67,644
101,047
30 June 2012
Profit /(loss) for the Year
Revaluation Gains
Transfer to Mātaatua Wharenui Reserve
5,008
397
(245)
300
-
10,537
(4)
-
12,873
2,990
70,618
(738)
(2,990)
99,036
(341)
(4)
(245)
300
-
5,460
10,533
15,863
66,890
98,746
30 June 2013
Loss for the Year
8,044
-
15,863
-
56,541
(644)
80,448
(644)
8,044
15,863
55,897
79,804
30 June 2012
Loss for the Year
Transfer to Mātaatua Wharenui Reserve
8,044
-
12,873
2,990
60,345
(814)
(2,990)
81,262
(814)
-
8,044
15,863
56,541
80,448
Parent
ANNUAL REPORT 2013
| RIMA TEKAU MĀ RIMA |
55
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
11 Reserves
Group
Asset Revaluation Reserves
Other Reserves
Parent
2013
2012
2013
2012
$000’s
$000’s
$000’s
$000’s
10,405
15,863
10,533
15,863
8,044
15,863
8,044
15,863
26,268
26,396
23,907
23,907
Asset Revaluation Reserves
Other
Reserves
$000’s
$000’s
$000’s
2,082
358
7,459
(79)
585
12
2,013
50
13,326
2
460
2,082
358
12
9,472
(79)
50
13,326
2
1,045
10,405
15,863
26,268
2,082
575
7,459
(168)
585
12
2,013
50
13,326
2
460
2,082
575
12
9,472
(168)
50
13,326
2
1,045
10,533
15,863
26,396
7,459
585
12
2,013
50
13,326
2
460
12
9,472
50
13,326
2
1,045
8,044
15,863
23,907
7,459
585
12
2,013
50
13,326
2
460
12
9,472
50
13,326
2
1,045
8,044
15,863
23,907
Reserves are comprised of:
Group
30 June 2013
Aotearoa Fisheries Limited Unlisted Shares
Bonds Portfolio
Capital Contributions
Farm Land and Buildings
Fonterra Shares
Froude Street
Mātaatua Wharenui
Other Financial Assets
Te Mānuka Tūtahi (Telecom Site)
Total
30 June 2012
Aotearoa Fisheries Limited Unlisted Shares
Bonds Portfolio
Fonterra Shares
Froude Street
Mātaatua Wharenui
Parent
30 June 2013
Froude Street
Mātaatua Wharenui
30 June 2012
Froude Street
Mātaatua Wharenui
56
| RIMA TEKAU MĀ ONO |
ANNUAL REPORT 2013
11. RESERVES (CONTINUED)
Froude Street Reserve
This reserve represents the value of the land situated at Froude Street, Rotorua and subsequent revaluations to
market value.
Te Mānuka Tūtahi (Telecom Site) Reserve
This reserve represents assets at valuation vested in the Rūnanga in 1996 by the Crown and subsequent revaluations
to market value.
Mātaatua Wharenui Reserve
This reserve includes the cost to the Crown of purchasing the Mātaatua Wharenui ($2.75 million) and subsequent capital
expenditure spent on the return and restoration of the Mātaatua Wharenui and establishment of associated buildings.
Farm Assets Reserve
This reserve represents the value of Ngāti Awa Farm assets transferred from the Crown, and subsequent revaluations
to market value of the Farm land and buildings.
12 Cash and cash equivalents
2013
Bank
On-Call Deposits
Short Term Deposits
Group
Parent
2012
2013
$000’s
$000’s
$000’s
$000’s
2012
1,932
9
6,072
1,450
3
7,553
219
-
159
-
8,013
9,006
219
159
544
172
140
2,098
(1,575)
59
-
328
(1)
35
-
270
48
-
856
582
362
318
13 Trade and other receivables
Trade Receivables
Less: Provision for doubtful debts
GST Receivable
Taxation Receivable
The Group previously held a shareholding in Birnie Capital Property Partnership Limited. In March 2013, an
agreement was reached with Mr Birnie to pay a final settlement as a contribution for legal costs incurred in attempting
to secure payment. The amount has been received and recognised as bad debt recovered under other income.
ANNUAL REPORT 2013
| RIMA TEKAU MĀ WHITU |
57
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
14 Livestock on Hand
2013
$000’s
Cattle
Sheep
Other
Group
Parent
2012
$000’s
2013
$000’s
2012
$000’s
2,722
193
3
1,816
628
2
-
-
2,918
2,446
-
-
2,446
1,419
(1,035)
464
(376)
2,017
127
(701)
645
358
-
-
2,918
2,446
-
-
Movements are represented as follows:
Increase Due to Acquisitions
Decrease Due to Sales
Increase Due to Births/(Deaths)
Change in Fair Value
At 30 June 2013, livestock held for sale comprised 378 cattle (2012: 569) and 2,062 sheep (2012: 4,013). During the
year ended 30 June 2013, the Group sold 392 cattle (2012: 367) and 4,846 sheep (2012: 1,837).
At 30 June 2013, dairy livestock held comprised 1,555 dairy cattle (1,094 cows & 461 heifers) (2012: 675 (477 cows
& 198 heifers). During the year ended 30 June 2013, the Group sold 97 dairy cattle (2012: 65).
15 Investments
Note
Current assets
- Bonds
- Unit Trusts
Non-current assets
- Bonds
- Listed Shares
- Unlisted Shares
- Unit Trusts
- Subsidiaries
- Joint Ventures
- Limited Partnership
16
17
2013
$000’s
3,342
2,875
6,217
Group
Parent
2012
$000’s
1,006
1,006
2013
$000’s
-
2012
$000’s
-
4,516
3,730
5,646
12,765
138
588
8,269
108
5,762
17,114
130
616
25
48,488
-
27
48,488
-
27,383
31,999
48,513
48,515
The unit trusts classified as a current asset relate to the investment in the Cleary Wealth Management Unit Trust. It is
the Group’s intention to realise all investments in the Unit Trust over the next 12 months. The amounts realised may vary
from the current valuation, depending on the realised price at the date of sale.
16 Investments in Unlisted Shares
Investment in unlisted shares includes Aotearoa Fisheries Limited shares (“the AFL shares”) that were received on 30
March 2006 as part of the settlement proceeds in accordance with the Māori Fisheries Act 2004. The Māori Fisheries
Act 2004 places restrictions on the sale of the AFL shares where the shares can only be sold to either another Mandated
Iwi Organisation or Te Ohu Kai Moana. The value of the AFL shares has been determined using a discounted cash flow
model using market data and expected cash inflows. The AFL shares are not actively traded and valued using market
accepted valuation techniques.
The Group has invested in Direct Capital IV Limited Partnership. Direct Capital IV invests in private equity opportunities
with the intention of realising these investments and returning capital and capital gains to the partners over a 10 year
time frame. The Partnership is not actively traded and is valued using market accepted valuation techniques.
58
| RIMA TEKAU MĀ WARU |
ANNUAL REPORT 2013
17 Investment in Joint Ventures
2013
$000’s
Group
Parent
2012
$000’s
2013
$000’s
138
130
-
-
Balance of Joint Venture Receivable
Share of Net Surplus
130
8
123
7
-
-
138
130
-
-
Mātaatua Fisheries Collective Receivable
2012
$000’s
Mātaatua Fisheries Collective Receivable
The Mātaatua Fisheries Collective Receivable relates to the monies held on behalf of the Group by the Mātaatua
Fisheries Collective. The receivable has been included as at the annual balance date of the Mātaatua Fisheries
Collective of 31 March 2013.
The Mātaatua Fisheries Collective (“Collective”) is an unincorporated joint venture between iwi in the Mātaatua rohe
to lease fish quota to maximise returns. The Collective pays the Mātaatua Quota ACE Holdings Limited a commission
to undertake the leasing on its behalf.
The joint venture has a different balance date from the Group due to the joint venture having a standard balance date
which is aligned with the income tax year. The commencement of the fishing season for the majority of fish stocks
begins in April with new fish leasing arrangements.
18 Investment Properties
Group
Investment Properties
Parent
2013
$000’s
2012
$000’s
2013
$000’s
2012
$000’s
8,593
9,128
-
-
9,128
9,005
-
-
Movements in Investment Properties are
represented as follows:
Properties Sold
-
(57)
-
-
Revaluation (Losses)/Gains
(535)
180
-
-
8,593
9,128
-
-
Residential properties on Wairaka and Toroa Streets were independently valued as at 30 June 2013 by Boyes James
KcKay Limited. The valuation was based on market evidence of transactions for similar properties and direct comparison.
Other investment properties were independently valued as at 30 June 2013 by Bay Valuation Services. The valuation
used a mixture of market evidence of transactions for similar properties, capitalisation rate and discounted cash
flow approaches. The fair value of investment properties were based on a capitalisation rate which ranged from 6.1%
to 7.3% (2012: 6.3% to 7.2%).
If investment valuations were to increase or decrease by 5%, the carrying value amount of investment properties would
be $429,650 higher, or lower, respectively (2012: $456,400)
All valuations were performed by the same valuers from the 2012 year. All valuers are independent registered valuers
not related to the Group. All valuers hold recognised and relevant professional qualifications and have recent experience
in the locations of the investment property they have valued.
ANNUAL REPORT 2013
| RIMA TEKAU MĀ IWA |
59
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
Investment Properties comprise:
Land and Buildings
1-3 Toroa Street
5-7 Toroa Street
9-11 Toroa Street
13-17 Toroa Street
64 Wairaka Street
Land
Te Whare Wānanga O Awanuiārangi
Apanui School
Army Hall
Ohope Beach School
Ohope Beach Holiday Park
Whakatāne High School (Part)
Whakatāne Court House
Total Investment Properties
18. INVESTMENT PROPERTIES (CONTINUED)
2013
$000’s
320
435
210
680
270
Group
Parent
2012
$000’s
320
435
210
680
270
2013
$000’s
-
2012
$000’s
-
1,915
1,915
-
-
200
1,325
1,400
563
820
1,770
600
190
1,550
1,415
568
795
2,090
605
6,678
7,213
-
-
8,593
9,128
-
-
2012
$000’s
1,078
137
-
2013
$000’s
-
812
1,215
-
-
1,215
(920)
194
1,215
-
-
-
489
1,215
-
-
19 Biological Assets
Pine Woodlot
Eucalyptus Woodlot
CO2 Rotation Crops
2013
$000’s
489
323
Group
Parent
2012
$000’s
-
Woodlot assets
Balance at the Beginning of the year
Decrease due to harvesting
Revaluation Gains
The pine woodlot was independently valued on 30 June 2011 by PF Olson Limited. The eucalyptus woodlot was
valued on 30 June 2011 by Chandler Fraser Keating Limited. The basis of the valuations were market value.
During the year, the Group fully harvested the Eucalyptus woodlot and parts of the Pine woodlot which resulted in
proceeds of $919,707.
Rotation crops
Balance at the Beginning of the year
Additions during the year
Impairment loss
60
2013
$000’s
Group
Parent
2012
$000’s
2013
$000’s
2012
$000’s
563
(240)
-
-
-
323
-
-
-
Rotation crops relate to Pinus Radiata plantings that will be harvested 30 years after planting. The fair value of the crops
have been determined through a discounted cash flow model based on forecast stumpage rates and forecast prices for
carbon credits. The fair value as determined by the model resulted in an impairment charge to the Group of $239,817.
| ONO TEKAU |
ANNUAL REPORT 2013
20 Forestry Land Assets
2013
$000’s
Group
2012
$000’s
2013
$000’s
Parent
2012
$000’s
Forestry land assets
18,658
18,173
2,415
2,257
Revaluation Gains
18,173
485
16,771
1,402
2,257
158
2,083
174
18,658
18,173
2,415
2,257
The forestry land assets were independently valued on 30 June 2013 by Telfer Young (Rotorua) Limited. The valuation
used a mixture of market evidence of transactions for similar assets, direct comparison, capitalisation and discounted
cash flow approaches. A discount rate of 7.3% (2012: 7.3%) was used to determine the fair value of forestry land assets.
If forestry land valuations were to increase or decrease by 5%, the carrying value amount of forestry land would be
$932,900 higher, or lower, respectively (2012: $908,650).
The Group leases forestry land to various counterparties for terms of 35 years and accounts for these as operating leases.
21 Property, Plant & Equipment
Group
30 June 2013
Land
Buildings
Motor
Vehicles
$000’s
$000’s
$000’s
Office
Equipment
& Plant
$000’s
Cost
145
189
(41)
Cost
1,521
1,540
(106)
Cost
50
-
Balance at the
Valuation/Cost
Beginning of the Year
15,001
Additions (Cost)
5,380
Disposals (NBV)
Transferred (to)/from other categories
Impairment Losses
Depreciation
-
Valuation/Cost
7,259
769
(304)
Froude
Street
Rotorua
$000’s
-
Balance at the
End of the Year
20,381
7,724
293
2,955
50
Cost or Valuation
Accumulated Impairment Losses
Accumulated Depreciation
22,148
(1,767)
-
8,714
(990)
606
(313)
3,820
(117)
(748)
50
-
Net Book Value
20,381
7,724
293
2,955
50
Forest
Carbon Sinks
$000’s
Cost
1,350
(576)
-
Cultural
Assets
$000’s
Cost
7,026
-
31,002
9,228
(576)
(451)
774
7,026
39,203
1,350
(576)
-
7,026
-
43,714
(2,460)
(2,051)
774
7,026
39,203
Group
30 June 2013
Balance at the
Additions (Cost)
Disposals (NBV)
Impairment Losses
Depreciation
Balance at the
End of the Year
Cost or Valuation
Net Book Value
Total
$000’s
An assessment of the forest carbon sinks indicated an impairment of the asset was necessary due to lower forecast
prices for carbon credits. The recoverable amount is based on a discounted cash flow analysis which forecasts future
planting costs and forecast prices for carbon credits. The impairment test resulted in the value of the forest carbon sinks
being written down by $575,710. The assets relate to forests planted to earn future income from carbon credits. During
the year, the Group purchased a dairy farm for Tumurau Limited Partnership, which comprised land, buildings and plant.
ANNUAL REPORT 2013
| ONO TEKAU MĀ TAHI |
61
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
Group
21. PROPERTY, PLANT & EQUIPMENT (CONTINUED)
Land
$000’s
30 June 2012
Balance at the
Valuation/Cost
13,184
Additions (Cost)
12
Disposals (NBV)
1,805
Impairment Losses
Depreciation
-
Valuation/Cost
3,016
25
4,417
(199)
$000’s
$000’s
$000’s
Cost
79
86
(20)
Cost
497
38
1,195
(117)
(92)
Cost
50
-
Balance at the
End of the Year
15,001
7,259
145
1,521
50
Cost or Valuation
16,768
(1,767)
-
7,945
(686)
417
(272)
2,280
(117)
(642)
50
-
Net Book Value
15,001
7,259
145
1,521
50
Group
30 June 2012
Balance at the
Additions (Cost)
Disposals (NBV)
Impairment Losses
Depreciation
Balance at the
End of the Year
62
Buildings
$000’s
Mātaatua
Wharenui
Whakatāne
Ngāti Awa
Complex
Whakatāne
Cultural
Assets
Total
$000’s
$000’s
$000’s
$000’s
Cost
Cost
Cost
5,028
(5,028)
-
6,142
3,273
(9,415)
-
7,026
-
27,878
3,552
(117)
(311)
-
-
7,026
31,002
Cost or Valuation
-
-
7,026
-
34,486
(1,884)
(1,600)
Net Book Value
-
-
7,026
31,002
| ONO TEKAU MĀ RUA |
ANNUAL REPORT 2013
Parent
30 June 2013
Land
$000’s
Balance at the
Valuation/Cost
10,155
Additions (Cost)
Disposals (NBV)
Impairment Losses
Depreciation
-
Buildings
$000’s
Valuation/Cost
4,858
16
(211)
Motor
Vehicles
$000’s
Office
Equipment
& Plant
$000’s
Froude
Street
Rotorua
$000’s
Cost
10
13
(11)
Cost
1,475
19
(83)
Cost
50
-
Balance at the
End of the Year
10,155
4,663
12
1,411
50
Cost
10,155
-
5,083
(420)
166
(154)
2,031
(117)
(503)
50
-
Net Book Value
10,155
4,663
12
1,411
50
Parent
Cultural
Assets
$000’s
30 June 2013
Total
$000’s
Cost
Balance at the
Additions (Cost)
Disposals (NBV)
Impairment Losses
Depreciation
Balance at the
End of the Year
Cost
7,026
-
23,574
48
(305)
7,026
23,317
7,026
Net Book Value
ANNUAL REPORT 2013
-
24,511
(117)
(1,077)
7,026
23,317
| ONO TEKAU MĀ TORU |
63
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
Parent
Land
$000’s
30 June 2012
Balance at the
Valuation/Cost
Buildings
$000’s
Valuation/Cost
Motor
Vehicles
$000’s
Office
Equipment
& Plant
$000’s
Froude
Street
Rotorua
Cost
Cost
Cost
$000’s
8,350
536
12
465
50
Additions (Cost)
Disposals (NBV)
Impairment Losses
Depreciation
1,805
-
4,417
(95)
9
(11)
16
1,195
(117)
(84)
-
Balance at the
End of the Year
10,155
4,858
10
1,475
50
Cost
10,155
-
5,067
(209)
153
(143)
2,012
(117)
(420)
50
-
Net Book Value
10,155
4,858
10
1,475
50
Mātaatua
Wharenui
$000’s
Ngāti Awa
Complex
$000’s
Cultural
Assets
$000’s
$000’s
Cost
Cost
Cost
5,028
(5,028)
-
6,142
3,273
(9,415)
-
7,026
-
20,583
3,298
(117)
(190)
Balance at the
End of the Year
-
-
7,026
23,574
Cost or Valuation
-
-
7,026
-
24,463
(117)
(772)
Net Book Value
-
-
7,026
23,574
Parent
30 June 2012
Balance at the
Additions (Cost)
Disposals (NBV)
Impairment Losses
Depreciation
Total
The farm land is restricted in use by the land having been vested to the Rūnanga under the Māori Land Court
ensuring that the land is retained for ngā uri o ngā hapū o Ngāti Awa and is not able to be alienated. The net book
value of the land is $8,350,000 (2012: $8,350,000).
Te Mānuka Tūtahi land is restricted in use by the land having been vested to the Rūnanga under the Māori Land
Court ensuring that the land is retained for the purpose of a meeting place of cultural and historical importance for
the communal use and benefit of ngāuri o ngā hapū o Ngāti Awa. The net book value of the land is $786,500 (2012:
$786,500).
The following cultural land assets were received as part of the settlement claim, and previously formed parts of
historic, scenic, and recreation reserves (with the exception of the former Matahina A4 Block). These land assets were
received at no cost.
Kaputerangi (4.9321 hectares)
Te Paripari Pā (1.0451 hectares)
Otitapu Pā (6 hectares approximately)
Te Toangopoto (10 hectares approximately)
64
| ONO TEKAU MĀ WHA |
ANNUAL REPORT 2013
Te Ihukatia (1.1 hectares approximately)
Whakapaukorero (30 hectares approximately)
Former Matahina A4 Block (4,045 square metres)
22 Intangible Assets
Whakatāne Airport
The Rūnanga has a right to receive at no cost the Whakatāne airport land if the use of the land ceases to be that of
an airport. There is nil value attached to the right to purchase.
Radio Frequency
The radio frequency licence used by Te Reo Irirangi o Te Mānuka Tūtahi is issued to the Rūnanga. This asset has nil value.
Fish Quota
Fish quota is an intangible asset that provides annual catch entitlements for fish stock species. The asset has an
indefinite life and is not amortised, it is tested annually for impairment. The recoverable amount of the fish quota has
been determined at the cash generating unit associated with the asset. Cash flows have been projected into perpetuity using a long term growth rate of inflation of 1.50% (2012: 1.50%) and discounted using the entity’s weighted
average cost of capital of 7.0% (2012: 8.1%).
Management does not expect that a reasonable change in key assumptions would result in a material reduction in
the recoverable amount of the fish quota below its carrying amount.
Carbon Credits
Opening Balance
Acquisitions by way of government grant
Impairment loss
Closing Balance
2013
$000’s
Group
Parent
2012
$000’s
2013
$000’s
2012
$000’s
1,394
937
(1,349)
3,977
(2,583)
154
103
(149)
439
(285)
982
1,394
108
154
The New Zealand Emission Trading Scheme (ETS) became law on 26 September 2008 with the passing of the Climate
Change Response (Emissions Trading) Amendment Act 2008 (the Act). The Act was amended during 2010 with the
passing of the Climate Change Response (Moderated Emissions Trading) Amendment Bill on 25 November 2010.
Under the provisions of the Act the Group is a deemed participant in the ETS as it is an owner of pre 1990 forest land.
The Act provides for an allocation of 60 New Zealand carbon units (NZUs) per hectare to be transferred to the Group.
Based on this allocation it is estimated that the Group will be entitled to an allocation of 565,717 NZUs. The Act
provides for the credits to be transferred in two tranches.
The Group recognised the allocation of the first tranche of NZUs as government grant income in 2010 as the
allocation was considered to represent compensation of the lower value of land already incurred. The carbon credits
are assessed as having an indefinite life as they have no expiry date and the Group is able to either hold the NZUs
within the carbon register or alternatively trade the NZUs in domestic or international carbon markets. As the NZUs
are an indefinite life intangible asset they are not amortised but are tested for impairment on an annual basis or when
indications of impairment exist.
The second tranche of NZUs was recognised by the Group as government grant income in profit or loss in November
2012. This allocation was recognised as a result of the Climate Change Response Amendment Act 2012, which was
passed into law on 13 November 2012. This amendment removed the previous uncertainty around the recognition of
pre-1990 forestry allocations.
Under the ETS the Group will have an obligation to account for any emission released as a consequence of deforestation
of pre 1990 forest land by surrendering NZUs equal to the extent of that emission. The Group has no liability for
deforestation as at 30 June 2013 (2012: nil).
The units were valued at a market price of $1.82 per unit on 30 June 2013, resulting in an impairment charge to the
Group of $1,348,949 (2012: $2,582,724).
The Rotoehu West forest is held by the Rūnanga on behalf of the Ngāti Hikakino and Ngai Te Rangihouhiri II Hapū
(note 25). The forest entitles the Hapū to an allocation of 79,260 NZUs. The value of carbon credits held on the
Hapū’s behalf as at 30 June 2013 is $108,423 (2012: $153,937).
ANNUAL REPORT 2013
| ONO TEKAU MĀ RIMA |
65
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
22. INTANGIBLE ASSETS (CONTINUED)
Computer Software
Parent and Group
30 June 2013
Amortisation
Cost or Valuation
Accumulated Amortisation
Net Book Value
30 June 2012
Amortisation
Cost or Valuation
Accumulated Amortisation
Net Book Value
23 Trade and other payables
Trade Payables
Accrued Expenses
Taxation Payable
Restructuring Provision
24 Income Received in Advance
Current liabilities
Forestry rentals
Access rights
Grants
Property Rentals
Access rights
2013
$000’s
Group
Cost
$000’s
Total
$000’s
66
(18)
66
(18)
48
48
106
(58)
106
(58)
48
48
84
(18)
84
(18)
66
66
106
(40)
106
(40)
66
66
Parent
2012
$000’s
2013
$000’s
68
564
-
197
557
44
116
56
384
-
86
377
116
632
914
440
579
2012
$000’s
2013
$000’s
821
143
54
285
813
143
161
308
8
-
126
-
1,303
1,425
8
126
3,750
3,893
-
-
3,750
3,893
-
-
2013
$000’s
Group
Parent
2012
$000’s
2012
$000’s
Access rights relate to $5 million in relation to the Bonisch Road Settlement received during 2010. This is being amortised
over 35 years (2012: 35 years), beginning 1 October 2005, which is the period of access rights granted under the settlement.
66
| ONO TEKAU MĀ ONO |
ANNUAL REPORT 2013
25 Ngāti Hikakino and Ngai Te Rangihouhiri II Hapū
The Rotoehu West forest is held by the Rūnanga on behalf of the Ngāti Hikakino and Ngai Te Rangihouhiri II Hapū.
The forest, carbon credits and associated rental income the Rūnanga has collected on the hapū’s behalf will be
transferred to the hapu once a governance entity has been established with mandate from the hapū and title passed
from the Crown to the Rūnanga. It is proposed the hapū enter into a management agreement with Ngāti Awa Forests
Limited for the management of the forests.
In October 2011, the cash component (including term deposits) of the assets held, totalling $1.53M, was transferred to
the new Hapū entity. As at 30 June 2013, remaining assets held on behalf of Ngāti Hikakino and Ngai Te Rangihouhiri
II Hapū totalled $2.52M (2012: $2.55M).
26 Term Loans
Current liabilities
ANZ mortgage
Current portion of loan from Housing NZ Corporation
Westpac mortgage
Loan from Housing NZ Corporation
ASB mortgage
2013
$000’s
Group
Parent
2012
$000’s
2013
$000’s
2012
$000’s
6,281
45
45
-
-
6,326
45
-
-
900
647
250
900
642
500
-
-
1,797
2,042
-
-
Westpac mortgage
This loan was raised in June 2010 to purchase a dairy herd and farm plant for Ngāti Awa Farms (Rangitaiki) Joint
Venture. The loan is secured by a mortgage over the farm land on Western Drain Road, Whakatāne. The loan is for
5 years with interest charged on a monthly basis which are fixed for periods of three months to one year, with the
interest rate charged at 4.80% p.a. as at 30 June 2013 (2012: 5.10% p.a.).
ANZ mortgage
This loan was raised during the year to purchase a dairy farm for Tumurau Limited Partnership. The loan is secured
by a mortgage over the farm land on Braemar Road, Whakatāne. The loan is for 12 months with interest charged on
a monthly basis. The interest rate charged is 4.68% p.a. as at 30 June 2013 (2012: N/A).
Loan from Housing NZ Corporation
This loan was raised to purchase and renovate residential properties at Wairaka, Whakatāne. The loan is for 25 years
and is interest free for the first 10 years, expiring November 2014. Principal only is payable from when the loan is
drawn down. The loan is secured by a mortgage on the respective Wairaka residential properties (2012: same).
ASB mortgage
This loan was raised to allow the Group to invest in Crayfish quota as part of a ten Iwi Collective. The loan is for 5 years
with interest charged on a monthly basis at a variable rate of 5.30% p.a. (2012: 5.39% p.a.). The loan matures on 15
March 2017.
ANNUAL REPORT 2013
| ONO TEKAU MĀ WHITU |
67
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
27 Reconciliation of Surplus to Cash Flow from Operating Activities
Group
2012
$000’s
(341)
2013
$000’s
(644)
Parent
Profit/(Loss) for the Year
2013
$000’s
1,083
2012
$000’s
(814)
Adjust for Non-Cash Items
Depreciation / Amortisation
Government grant income
Bad Debts Expense
Other income
Revaluation losses
Impairment loss
Rental income
Net Losses/(Gains) in fair value of livestock
Net Investment (Gains)/Losses
469
(833)
(190)
1,408
816
(143)
376
(1,427)
329
335
(479)
1,007
(184)
(356)
(231)
323
334
1
-
208
36
120
-
476
421
658
364
(1,170)
(414)
(1,010)
(1,010)
(1,170)
(414)
(1,010)
(1,010)
(134)
(96)
(328)
(122)
772
35
(225)
(44)
(5)
(139)
(118)
645
(87)
36
(680)
582
(306)
594
(291)
248
(1,302)
(866)
Adjust for items classified as Investing or Financing Activities:
Dividends Received
Add/Less Movements in Working Capital
(Increase)/Decrease in Trade and Other Receivables
(Increase)/Decrease in Other Assets
(Decrease)/Increase in Trade and Other Payables
(Decrease)/Increase in Income Received in Advance
Net Cash (Used in)/From Operating Activities
68
| ONO TEKAU MĀ WARU |
ANNUAL REPORT 2013
28 Investments in Subsidiaries and Joint Ventures
Name
Class of
Share
Subsidiaries
Ownership
Interest Held
30 June
30 June
2013
2012
Balance
Date
Principal
Activity
Ordinary
100%
100%
30 June
Commercial
Assets
Administration
Ngāti Awa Asset Holdings Limited
Ordinary
100%
100%
30 June
Fisheries
Investment
Ordinary
100%
100%
30 June
Drystock
Farming
Ngāti Awa Farms (Rangitaiki) Limited
Ordinary
100%
100%
30 June
Non-Trading
Ngāti Awa Fisheries Limited
Ordinary
100%
100%
30 June
Fish Quota
Leasing
Ngāti Awa Fish Quota Holdings Limited
Ordinary
100%
100%
30 June
Non-Trading
Ngāti Awa Forests Limited
Ordinary
100%
100%
30 June
Forest Land
Leasing
Ngāti Awa Investments Limited
Ordinary
100%
100%
30 June
Investment
Ngāti Awa Properties Limited
Ordinary
100%
100%
30 June
Property
Leasing
Ngāti Awa Research & Archives Trust
-
100%
100%
30 June
Research
The Ngāti Awa Community
Development Trust
-
100%
100%
30 June
Social
Services
Manu Hou GP Limited
Ordinary
100%
100%
30 June
General
Partner of
Manu Hou LP
Ngāti Awa Iwi Savings Limited
Ordinary
100%
100%
30 June
Non-Trading
Manu Hou Limited Partnership
-
70%
70%
30 June
Capital
Investments
Ngāti Awa Farms (Rangitaiki)
Joint Venture
-
51%
51%
30 June
Dairy
Farming
Tumurau GP Limited
Ordinary
100%
N/A
30 June
General
Partner of
Tumurau
Limited
Partnership
-
75%
N/A
30 June
Dairy
Farming
-
16%
16%
31 March
Fish Quota
Leasing
Ordinary
16%
16%
31 March
Fish Quota
Leasing
Joint Ventures
Mātaatua Fisheries Collective
Mātaatua Quota ACE Holdings Limited
ANNUAL REPORT 2013
| ONO TEKAU MĀ IWA |
69
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
29 Related Party Transactions
Balances with Subsidiaries are held as follows:
Statement of Financial Position
Current Assets
Owing by Subsidiaries
- Ngāti Awa Group Holdings Limited
- Ngāti Awa Asset Holdings Limited
Non-Current Assets
Loans Owing by Subsidiaries
Current Liabilities
Owing to Subsidiaries
- Ngāti Awa Development Trust
- Ngāti Awa Research & Archives Trust
- Ngāti Awa Asset Holdings Limited
- Ngāti Awa Group Holdings Limited
2013
$000’s
Parent
2012
$000’s
354
32
354
354
386
-
181
188
-
369
7,898
7,898
7,898
8,267
473
-
The current account accounts with subsidiaries are unsecured and repayable on demand. On 1 October 2007 a loan was
advanced to Ngāti Awa Asset Holdings Limited. This loan is repayable on 30 September 2017 and interest is received at
the prescribed Inland Revenue Department rate for low-interest loans of 5.90% p.a. as at 30 June 2013 (2012: 5.90% p.a.).
During the year the Rūnanga determined that the balances owed by the Ngāti Awa Development Trust and the Ngāti
Awa Research & Archives Trust were no longer recoverable. As a result, balances owed have been fully written off.
Receipts and Payments with Subsidiaries
Receipts
Administration Fees Income
Farm Lease Income
Interest
Payments
Radio Station Funding
70
| WHITU TEKAU |
-
Ngāti Awa Farms (Rangitaiki) Joint Venture
Ngāti Awa Properties Limited
Ngāti Awa Asset Holdings Limited
- Ngāti Awa Properties Limited
ANNUAL REPORT 2013
2013
$000’s
39
39
27
39
3
66
490
Parent
2012
$000’s
18
18
12
18
66
492
703
624
30
30
30
30
29. RELATED PARTY TRANSACTIONS (CONTINUED)
Payments to Consultants who are Board Members
Payments to Board Members under the Rūnanga Charter
Under the Rūnanga Charter clause 18.1(c), there is a provision for professional fees that can be paid to Board
Members. During the years ended 30 June 2013 and 30 June 2012 the following professional fees were paid to Board
Members:
Group
Parent
2013
2012
2013
2012
Nature of fees
Board Member
$000’s
$000’s
$000’s
$000’s
Mr C Bluett
Rūnanga contractor
34
37
34
37
Ms M Dodd
Member of the Executive
5
5
5
5
Committee
Mr C Elliott
Member of Ngakauroa Board
3
4
3
4
and of the Audit Committee
Ms E Ratahi-Pryor Director of Ngāti Awa Group
6
23
Holdings Limited
Mr G Pryor
Director of Ngāti Awa Group
79
44
Holdings Limited
Mr J Mason
Rūnanga consultancy and
61
59
35
35
Director of Ngāti Awa
Group Holdings Limited
Mr P Ngaropo
Member of the Executive
38
20
Committee, and Ngāti Awa
Research and Archives
contract work
Ms R O’Brien
Trustee of Development
3
4
3
4
Ngāti Awa, and member of
Audit Committee
229
196
80
85
Board Members were paid $97,560 in meeting fees for the year ended 30 June 2013 (2012: $127,800), which includes
the Chairman’s and Deputy Chairman’s honorarium payments.
Indemnity insurance of $13,220 (2012: $12,000) was paid on behalf of the Board Members.
Group
Payments to the Chairman of the Board
Fees Paid to TK Merito
Parent
2013
2012
2013
2012
$000’s
$000’s
$000’s
$000’s
45
45
45
45
Payments to Key Management Personnel
Key management personnel and their direct reports costs are $310,832 (2012: $425,180) for the Group.
ANNUAL REPORT 2013
| WHITU TEKAU MĀ TAHI |
71
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
30 Operating Lease Commitments
Non-cancellable operating lease rentals are payable as follows:
2013
$000’s
Commitments Due
-
within 1 year
in 1 year to 2 years
in 2 years to 5 years
greater than 5 years
Group
Parent
2012
$000’s
2013
$000’s
2012
$000’s
75
60
147
46
83
75
181
73
-
-
328
412
-
-
Non-cancellable operating lease rentals are receivable as follows. These relate to operating lease rentals on investment
properties and forestry land.
Group
Parent
2013
2012
2013
2012
$000’s
$000’s
$000’s
$000’s
Commitments Due
-
within 1 year
in 1 year to 2 years
in 2 years to 5 years
greater than 5 years
1,234
1,124
1,209
1,313
1,234
1,154
2,204
1,441
66
66
197
328
66
66
197
328
4,880
6,033
657
657
31 Capital Commitments
The Group entered into a heads of agreement with CO2 New Zealand Limited Partnership on 20 October 2011 as
part of a carbon sequestration project. As part of this agreement and along with the subsequent Carbon Sequestration
Management Services agreement entered into in July 2012 and variation agreement in January 2013, the Group has
committed capital expenditure of establishment fees of $3,186,177 through to 2017 and ongoing annual management
fees of $164,749 p.a. for 2018 - 2020, $198,835 p.a. for 2021, $87,360 p.a. for 2022 - 2031 and $70,980 p.a. for 2032
- 2062. As at 30 June 2013, payment of $1,912,527 (2012: nil) has been made.
The Group has committed capital to Cleary Wealth Management, remaining capital commitment as at 30 June 2013
is USD$377,231 (2012: USD$501,630).
Manu Hou Limited Partnership has committed capital of $5 million to Direct Capital IV. As at 30 June 2013 $1,765,068
has been called (2012: $1,690,487). The Group has no other capital commitments as at 30 June 2013 (2012: Nil).
32 Contingent Assets and Liabilities
Contingent Assets
The Group has a contingent asset of fish quota for the year ended 30 June 2013. During the 2006 year, the Group received
the fisheries settlement from Te Ohu Kai Moana of 25% inshore and 75% of deepwater fish quota allocated to the Group
as the Mandated Iwi Organisation. The remaining 75% inshore and 25% deepwater fish quota is being held by Te Ohu Kai
Moana on the iwi’s behalf and will be received at a later date, once coastline negotiations have been concluded. Until the iwi
receives the final fisheries settlement, the Annual Catch Entitlement (“ACE”) rights that arise to the Mandated Iwi Organisation
under the Maori Fisheries Act 2004 have been assigned to Ngāti Awa Asset Holdings Limited.
Contingent Liabilities
During the current year, the Group was involved in a rent dispute with the Ministry of Education in relation to
Whakatane High School and Apanui School for rent dating back to April 2010. Rent is determined on a percentage
of the property’s valuation provided by the Group’s valuers - Bay Valuation Services. The dispute has arisen as a
result of differences in the valuation provided by Bay Valuation Services and the valuation provided by valuers
engaged by the Ministry of Education. During 2013, Whakatane High School went into arbitration with the value
being determined by the arbitrator being under the expected value provided by Bay Valuation Services. As a
result, management refunded the additional rental amount for the affected periods for Whakatane High School.
72
As of 30 June 2013, Apanui School has not gone into arbitration. Management has accrued the expected rent to
be refunded in the event of a negotiated settlement based on the arbitrator’s decision for Whakatane High School.
The Group had no other material contingent liabilities as at 30 June 2013 (2012: Nil).
| WHITU TEKAU MĀ RUA |
ANNUAL REPORT 2013
33 Financial Assets and Liabilities
The table below analyses the financial assets and liabilities by class and category, consistent with the Rūnanga and
Group’s accounting policies.
Group
30 June 2013
Assets per Statement of
Financial Position
Other Investments
Other Financial Assets at Fair Value
through Profit or Loss
Cash and Cash Equivalents
Loans and
Recievables
$000’s
Assets at
Fair Value
through
Profit or
Loss
$000’s
Available
for Sale
$000’s
Carrying
Value
Total
$000’s
544
67
-
14,081
-
14,148
544
14,148
544
-
19,314
-
19,314
19,314
8,013
-
-
8,013
8,013
8,557
19,381
14,081
42,019
42,019
Liabilities at
Fair Value
through
Profit or Loss
$000’s
Liabilities per Statement of
Financial Position
Term Loans
Other
financial
liabilities
at amortised
cost
$000’s
Carrying
Value
Total
$000’s
Fair
Value
Total
$000’s
Fair
Value
Total
$000’s
-
8,123
632
8,123
632
8,123
632
-
8,755
8,755
8,755
There are no material financial assets that are past due or impaired.
30 June 2012
Financial Position
Other Investments
Other Assets
Financial Position
Term Loans
Loans and
Receivables
$000’s
Assets at
Fair Value
through
Profit or
Loss
$000’s
Available
for Sale
$000’s
Carrying
Value
Total
$000’s
Fair
Value
Total
$000’s
523
-
12,734
-
12,734
523
12,734
523
9,006
20,141
-
-
20,141
9,006
20,141
9,006
9,529
20,141
12,734
42,404
42,404
Liabilities at
Fair Value
through
Profit or Loss
$000’s
Other
financial
liabilities
at amortised
cost
$000’s
Carrying
Value
Total
$000’s
Fair
Value
Total
$000’s
-
2,087
870
2,087
870
2,087
870
-
2,957
2,957
2,957
ANNUAL REPORT 2013
| WHITU TEKAU MĀ TORU |
73
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
33. FINANCIAL ASSETS AND LIABILITIES (CONTINUED)
The table below analyses the financial assets and liabilities by class and category, consistent with the Rūnanga and
Group’s accounting policies.
Parent
Assets at
Fair Value
through
Loans and
Receivables Profit or Loss
$000’s
$000’s
30 June 2013
Financial Position
Carrying
Value
Total
$000’s
Fair
Value
Total
$000’s
327
8,252
-
-
327
8,252
327
8,252
219
25
-
-
25
219
25
219
8,798
25
-
8,823
8,823
Financial Position
Liabilities at
Fair Value
through
Profit or Loss
Other
financial
liabilities
at amortised
cost
Carrying
Value
Total
Fair
Value
Total
$000’s
$000’s
$000’s
$000’s
-
440
440
440
Owing to subsidiaries
-
473
473
473
-
913
913
913
Loans and
Receivables
Assets at
Fair Value
through
Profit or
Loss
Available
for Sale
Carrying
Value
Total
Fair
Value
Total
Financial Position
$000’s
$000’s
$000’s
$000’s
$000’s
Other Assets
270
8,653
-
-
270
8,653
270
8,653
159
27
-
-
27
159
27
159
9,082
27
-
9,109
9,109
30 June 2012
Financial Position
Liabilities at
Fair Value
through
Profit or Loss
Other
financial
liabilities
at
amortised
cost
Carrying
Value
Total
Fair
Value
Total
$000’s
$000’s
$000’s
$000’s
-
579
579
579
-
579
579
579
There are no material financial assets that are past due or impaired.
74
Available
for Sale
$000’s
| WHITU TEKAU MĀ WHĀ |
ANNUAL REPORT 2013
34 Liquidity Analysis for Financial Liabilities
The table below summarises the cash flows payable by the Rūnanga and Group for financial liabilities by remaining
contract maturity at the statement of financial position date. The amounts disclosed in the table are the contractual
undiscounted cash flows.
Group
30 June 2013
Term Loans
30 June 2012
Term Loans
Less than
1 year
Between
1 and 2
years
Between
2 and 5
years
Over
5 years
Total
$000’s
$000’s
$000’s
$000’s
$000’s
6,658
632
7,290
1,033
1,033
543
543
764
764
8,998
632
9,630
117
870
117
-
1,778
-
850
-
2,862
870
987
117
1,778
850
3,732
Less than
1 year
Between
1 and 2
years
Between
2 and 5
years
Over
5 years
Total
Parent
30 June 2013
$000’s
$000’s
$000’s
$000’s
$000’s
440
-
-
-
440
473
-
-
-
473
913
-
-
-
913
579
-
-
-
579
579
-
-
-
579
30 June 2012
ANNUAL REPORT 2013
| WHITU TEKAU MĀ RIMA |
75
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
35 Sensitivity Analysis
The table below summarises the impact on profit before tax and net assets attributable to equity should interest rates,
exchange rates, or other price risks move by the percentages incorporated in the table and assuming all other variables
remain constant.
Group
Financial Assets
Financial Liabilities
Cash
Trade
and Cash
and Other
Equivalents Receivables Investments
30 June 2013
$000’s
$000’s
$000’s
$000’s
8,013
544
33,462
632
8,123
(80)
(80)
80
80
-
116
(112)
-
74
74
(74)
(74)
-
-
(1,582)
(1,937)
1,582
1,937
-
-
Interest Rate Risk
-1%Profit
Equity
1%Profit
Equity
Other Price Risk
-10%Profit
Equity
10%Profit
Equity
Financial Assets
Cash
Trade
and Cash
and Other
Equivalents Receivables Investments
Term
Loans
$000’s
$000’s
$000’s
$000’s
9,006
523
32,875
870
2,087
(90)
(90)
90
90
-
186
(180)
-
14
14
(14)
(14)
-
-
(1,711)
(1,788)
1,711
1,788
-
-
Interest Rate Risk
-1%Profit
Equity
1%Profit
Equity
Other Price Risk
-10%Profit
Equity
10%Profit
Equity
| WHITU TEKAU MĀ ONO |
Trade and
Other
Payables
$000’s
Carrying Amount
76
Term
Loans
$000’s
Carrying Amount
30 June 2012
Trade and
Other
Payables
ANNUAL REPORT 2013
35. SENSITIVITY ANALYSIS (CONTINUED)
Parent
Financial Assets
Cash
and Cash
Equivalents
30 June 2013
Carrying Amount
Interest Rate Risk
-1% Profit
Equity
1% Profit
Equity
Other Price Risk
-10% Profit
Equity
10% Profit
Equity
$000’s
Trade
and Other
Owing by
Receivables Investments Subsidiaries
$000’s
Interest Rate Risk
-1% Profit
Equity
1% Profit
Equity
Other Price Risk
-10% Profit
Equity
10% Profit
Equity
$000’s
$000’s
$000’s
219
327
25
8,252
440
473
(2)
(2)
2
2
-
-
(83)
(83)
83
83
-
-
-
-
-
-
-
-
Cash
and Cash
Equivalents
Carrying Amount
Owing to
Subsidiaries
$000’s
Financial Assets
30 June 2012
Trade
and Other
Payables
Trade
and Other
Owing by
Receivables Investments Subsidiaries
$000’s
Trade
and Other
Payables
Owing to
Subsidiaries
$000’s
$000’s
$000’s
$000’s
$000’s
159
270
27
8,653
579
-
(2)
(2)
2
2
-
-
(87)
(87)
87
87
-
-
-
-
-
-
-
-
ANNUAL REPORT 2013
| WHITU TEKAU MĀ WHITU |
77
THE
NTS
N OT E S TO
IA L S TAT E M E
C
N
A
F IN
36 Fair Value Estimation
The parent and group use the following hierarchy for determining and disclosing the fair value of instruments by
valuation technique:
- Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities;
- Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e., as prices) or indirectly (i.e., derived from prices); and
- Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
The level within which the financial asset or liability is classified is determined based on the lowest level of significant
input to the fair value measurement.
The following table presents financial assets and liabilities measured at fair value in the Statement of Financial Position
as at 30 June 2013 for the group:
Group
30 June 2013
Level 1
$000’s
Level 2
$000’s
Level 3
$000’s
Total
$000’s
Assets per Statement of Financial Position
- Bond Portfolio
- Listed shares
- Unit Trusts - Cleary Wealth Management
- Unit Trusts - JB Were Wealth Management
- Unit Trusts - Brook Asset Management
- Direct Capital IV
- AFL shares
- Limited Partnership - ICP Koura Collective
3,675
-
7,858
55
1,221
12,712
53
-
1,654
3,564
2,082
588
7,858
3,730
2,875
12,712
53
3,564
2,082
588
Total assets
3,675
21,899
7,888
33,462
57
-
9,275
51
5,863
9,058
43
761
-
2,150
2,919
2,082
616
9,275
108
8,013
9,058
43
761
2,919
2,082
616
57
25,051
7,767
32,875
2013
$000’s
2,150
(383)
(113)
2012
$000’s
2,444
(294)
Balance at end of the year
1,654
2,150
Direct Capital IV
Balance at beginning of the year
Increase due to acquisitions
Total fair value gains recorded in the statements of comprehensive income
2,920
75
569
955
1,847
118
3,564
2,920
AFL Shares
No changes have occurred in the current period (2012: same)
Limited Partnership - ICP Koura Collective
Increase due to acquisitions
Decrease due to capital returned
616
(28)
616
-
588
616
30 June 2012
- Bond Portfolio
- Listed shares
- Unit Trusts - Cleary Wealth Management
- Unit Trusts - JB Were Wealth Management
- Unit Trusts - Brook Asset Management
- Unlisted shares
- Direct Capital IV
- AFL shares
- Limited Partnership - ICP Koura Collective
Total assets
The following table presents the changes in level 3 instruments, for the Group:
Unit Trusts - Cleary Wealth Management
Decrease due to realisation
Total fair value gains/(losses) recorded in the statements of comprehensive income
78
| WHITU TEKAU MĀ WARU |
ANNUAL REPORT 2013
36. FAIR VALUE ESTIMATION (CONTINUED)
Direct Capital
There is no active market for shares in Direct Capital IV therefore the fair value of the investment has been calculated
using valuation techniques. The fair value has been calculated using an EBITDA multiple approach. The manager
of Direct Capital IV Limited Partnership applies Australian Venture Capital & Private Equity Association (AVCAL)
valuation guidelines in preparing quarterly valuations for all portfolio companies.
Unit Trusts - Cleary Wealth Management
Cleary Wealth Management invest into certain managed funds that are not traded on an active market and therefore
the unit price is calculated based on financial information provided by the investment manager. The fair value of the
investment has been determined based on the number of units held multiplied by the calculated unit price.
AFL Shares
The fair value of the AFL income shares is based on cash flows calculated on an annual basis from 2014 to 2023 and
a terminal value based on cash flows in 2023 with an assumed growth factor of 2.5% p.a. (2012: 2.5% p.a.) and a
post tax discount rate of 7.0% (2012: 8.1%).
Limited Partnership - ICP Koura Collective
ICP Koura Collective is an investment vehicle which was formed to invest into crayfish quota. The fair value of the
investment is based on cash flows calculated on an annual basis from 2014 to 2023 and a terminal value based on
cash flows in 2023 with an assumed growth factor of 1.5% p.a. and a post tax discount rate of 7.0%.
The following table presents financial assets and liabilities measured at fair value in the Statements of Financial
Position as at 30 June 2013 for the parent:
Parent
30 June 2013
Level 1
$000’s
Level 2
$000’s
Level 3
$000’s
Total
$000’s
- Listed shares
25
-
-
25
Total assets
25
-
-
25
30 June 2012
- Listed shares
27
-
-
27
Total assets
27
-
-
27
There have been no transfers between levels 1 and 2 during the year ended 30 June 2013 (2012: no transfers).
There were also no transfers into/out of level 3 during the year ended 30 June 2013 (2012: no transfers).
37 Events occurring after the reporting period
The Group had no events occurring after the reporting period (2012: nil).
ANNUAL REPORT 2013
| WHITU TEKAU MĀ IWA |
79
Employee Remuneration
Payments to Employees to be Disclosed under the Rūnanga Charter
Under the Rūnanga Charter clause 11.3, there is a requirement for the Annual Report to comply with section 211 of the
Companies Act 1993 but excluding information required by section 211(1)(g) where the Rūnanga so decides pursuant to
clause 11.6 (Protection of Sensitive Information).
During the year ended 30 June 2013 the number of employees or former employees, not being governors that received
remuneration and any other benefits in their capacity as employees where the value exceeded $100,000 per annum were:
Remuneration as at year ended 30 June 2013
$100,000 - $110,000
$140,000 - $150,000
$150,000 - $160,000
2 employees
1 employee
1 employee
Payments to Board Members under the Rūnanga Charter
Under the Rūnanga Charter clause 18.1(c ), there is a provision for the professional fees that can be paid to Board
Members. During the year ended June 2013 the following board attendance meeting fees, other meeting fees and
professional fees were paid to Board Members:
Te Rūnanga o Ngāti Awa Representatives: From July 2012 To June 2013
Representative Fees/Payments
80
Meeting
Other mtg/director
Name
$ Fees Paid
$ Fees Paid
Aranga, Bruce
1,575
0
Aranga, Monte
2,205
0
Araroa, Miro
2,205
0
Bluett, Charles
2,205
0
Brown, Ngahuia
2,205
0
Dodd, Materoa
1,260
5,000
Elliott, Charles
1,890
3,200
Glen, Manurere
2,205
0
Harawira, Joseph
1,575
0
Haua, Steffan
1,575
0
Hepi, Meri
2,205
0
Kohunui, Aubrey
2,205
0
Mason, Joe
2,205
25,950
Merito, Te Kei
45,000
0
Ngaropo, Pouroto
13,500
450
O’Brien, Regina
1,890
3,000
Raimona-Salmon, Patrick
2,205
0
Ratahi-Pryor, Enid
630
5,625
Ratahi, Stanley
945
0
Sisley, Mihipeka
1,890
0
Stipich, Hone
2,205
0
Wharewera, Tani
Williams, Riritahi
1,575
2,205
0
0
TOTAL
97,560
43,225
| WHITU TEKAU MĀ WARU |
ANNUAL REPORT 2013
ANNUAL GENERAL MEETING
Sunday, 8 December 2013
Te Whare o Toroa (Wairaka) Marae,
97 Muriwai Drive, Whakatāne

te rūnanga o ngāti awa hapū

Transcription

Similar documents

Te MiruMiru - Collingridge And Smith Architects

Ngati Rangitihi Environmental Management Plan 2011

See the official program book

AWA Nov 2014 Newsletter

awa-newsletter-dec-2012-2 - Atlanta`s Home for Australian Expats!

Deed of Settlement - Ngati Rarua Iwi trust

Deed of Mandate

Tikarohia Te Marama - Ngāti Toa Rangatira

SW02400001K