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 2 Karakia 3 He Kupu Whakapūaki i te mana 4 Chairmans Report 8 Manahautū Report 12 Te Ara Poutama Outcomes 2012-2013 18 Scholarship & Grant Recipients 26 Development Ngāti Awa
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- Te Whare Wānanga o Awanuiārangi
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- Te Reo Irirangi o Te Mānuka Tūtahi
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- Ngāti Awa Tertiary & Training
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- 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
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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.
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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.
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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
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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
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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
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Te Rūnanga o Ngāti Awa & Ngāti Awa Group Holdings
MANAHAUTŪ REPORT
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TRoNA completed the financial year under budget
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Profit for year of $1.083m versus a loss of $0.341m for the previous year
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Total Group Assets increased from $110m to $117m
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$1.5m dividend paid to Te Rūnanga o Ngāti Awa 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
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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.
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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.
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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
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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
The University of Auckland
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
The University of Auckland
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)
Te Wānanga o Aotearoa
Kevina Te Wanihi Tarei
Te Tohu Paetahi Nga Poutoko Whakarara Oranga. Bachelor in Social Work (Bi-Culturalism in Practice)
Te Wānanga o Aotearoa
Marewa Titoko
Te Wānanga o Aotearoa
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
Te Wānanga o Aotearoa
Vivienne de BortaliTregerthan
Bachelor of Arts/Commerce conjoint
University of Arizona
Stefan Dimitrof
Bachelor of Media and Creative Technologies
The University of Waikato
Tasha Dimitrof
Bachelor of Management Studies
The University of Waikato
Dara Dimitrov
Doctor of Philosophy
The University of Waikato
Wini Geddes
Post Graduate Diploma Business Māori Development and Post Graduate Diploma in Professional Supervision
The University of Auckland
Ashley Gillon
Graduate Diploma in Arts
The University of Auckland
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
The University of Waikato
Adrienne Karekare
Hapu Development
Te Wānanga o Raukawa
Kiri Karekare
Bachelor of Hapū Development
Te Wānanga o Raukawa
Tracey Lee
Degree in Bachelor of Social Work
The University of Waikato
Anna Littler
Foundation Certificate in Education
Auckland University
Kelly Matewawe Moore
Heke Reo
Te Wānanga o Raukawa
Ashley Moses
Bachelor of Hapū Development
Te Wānanga o Raukawa
Wilhelmina Moses
Māori Governance and Leadership
Te Wānanga o Aotearoa
Jodie Pryor
Bachelor in Sports and Leisure
The University of Waikato
Minta Maria Pryor
Diploma in Accounting
Waiāriki Institute of Technology
Kimiora Raerino
Doctor of Philosophy - Māori and Pacific Health
The University of Auckland
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
The University of Otago
TRoN A
Olivia Cleave
ANNUAL REPORT 2013
| TEKAU MĀ IWA |
19
NGĀI TAMAOKI Charlie Broughton
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
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
The University of Waikato
Gloria Hunia
Bachelor of Arts
The University of Waikato
Renee Matenga
Bachelor of Registered Nurse
Waikato Institute of Technology
Rahera Paul
Bachelor of Nursing
Waiāriki Institute of Technology
Victoria Paul
Te Ahu Taiao, Bachelor of Environment Studies
Te Whare Wānanga o Awanuiārangi
Patrick Salmon
Diploma in Social Work
Anamata
Tania Searancke
Certificate in Health Care Level 4
Bay of Plenty Polytechnic
Tanisha Tapsell
Te Awa Tuapapa - Certificate in Māori Language
Te Whare Wānanga o Awanuiārangi
Elizah Ward
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
NGĀI TAMAWERA Melevea Huihui
Bachelor of Education (specialisation Primary)
The University of Auckland
Kuini Monika
Bachelor of Nursing
Waiāriki Institute of Technology
Natasha Owen
Certificate in Secreterial Computer Application Level 3
Wellington Institute of Technology
Larraine Te Kakara
Diploma in sport and recreation (year 2)
Bay of Plenty Polytechnic
Hamiora Ngatoro
Certificate in Technology Level 4
Waikato Institute of Technology
Ashleigh Peti
Bachelor of Social Science
The University of Waikato
Erana Rissetto
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
Ringo Rissetto
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
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
The University of Waikato
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
Waiāriki Institute of Technology
Colleen Tamaku Perese
Te Putaketanga o Te Reo
Te Wānanga o Aotearoa
Marly Donna Perese
Bachelor of Education (Teaching)
Te Whare Wānanga o Awanuiārangi
Carlos Savage
Certificate in Sports and Fitness
Bay of Plenty Polytechnic
Lasha Wineti
Bachelor in Nursing Tihei Mauri Ora
Waikato Institute of Technology
Merenia Anderson
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
Kewene Awa
Certificate in Foundational Forest Harvesting
Te Wānanga o Aotearoa
Te Ari Awa
Bachelor of Business
Auckland University of Technology (AUT)
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
The University of Otago
Kataraina Godfery
Bachelor of Business
Auckland University of Technology (AUT)
Morgan Godfery
Bachelor of Laws
Victoria University of Wellington
Elaine Hohepa
Bachelor of Iwi Environment
Te Wānanga o Aotearoa
Grace Ngapo
Bachelor of Engineering (Honours)
The University of Auckland
Melissa Niao
Bachelor of Medicine and Bachelor of Surgery
The University of Auckland
Adrienne Paul
Master of Laws degree
The University of Waikato
Rangitiaria Pihama
Bachelor of Arts
The University of Auckland
Rochelle Pihama
Bachelor of Teaching/ Beachelor of Arts
The University of Waikato
Tere Rei
Bachelor of Commerce and Bachelor of Science
Victoria University of Wellington
Tauhinga Geraldine Savage
Te Putaketanga o Te Reo
Te Wānanga o Aotearoa
Parehuia Selway
Certificate in Business Administration level 3-4
Waiāriki Institute of Technology
Katerina Taikato
New Zealand Diploma in Engineering (Civil) Level 6
Waikato Institute of Technology
Ratapu Taylor
Certificate in Welding & Fabrication Level 4
Waiāriki Institute of Technology
Nile Thompson
Certificate in Health Sciences
The University of Auckland
Fiona Waititi
Bachelor of Social Work (Biculturalism in Practice)
Te Wānanga o Aotearoa
Bernadine Warren
Bachelor of Nursing
Waikato Institute of Technology
TRoN A
Te Pahipoto grant recipients
ANNUAL REPORT 2013
| RUA TEKAU MĀ TAHI |
21
NGĀI TAMAPARE Maria Elder
Bachelor of Social Work
Te Wānanga o Aotearoa
Kura Paul-Burke
Doctor of Philosophy - Environmental
Te Whare Wānanga o Awanuiārangi
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)
The University of Auckland
Benjamin Butt
Bachelor of Commerce
The University of Auckland
Jackara Chase
Bachelor of Exercise and Sport Science
Universal College of Learning
Latisha Clay
Bachelor of Computer Science
The University of Waikato
Jacob Edwards
Bachelor of Medicine & Bachelor of Surgery
The University of Otago
Jody Hamiora
Professional Cookery Level 4
Waiāriki Institute of Technology
Te Puritanga Jefferies
Bachelor of Commerce
The University of Otago
Susan Kingi
Bachelor of Arts
Auckland University of Technology (AUT)
Tayla McCauley-Walker
Bachelor Of Management Studies
The University of Waikato
Joshua Moore
Bachelor In Sport And Recreation
Auckland University of Technology (AUT)
Raquel Murphy
Bachelor of Health Science
Auckland University of Technology (AUT)
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
Auckland University of Technology (AUT)
Ellen Pene
Bachelor of Health Science - Podiatry
Auckland University of Technology (AUT)
Holley Rahipere
Certificate in Business Administration level3
Bay of Plenty Polytechnic
Maria Rewita
Te Whitau o Te Whanau Diploma in Social Work
Anamata
Nassah Te Kani-Green
Conjoint Bachelor of Commerce/ Bachelor of Arts
Victoria University of Wellington
Cheryl Moana Maree Wilson
Bachelor of Social Work (Biculturalism In Practise) Year 3 -Level 7
Te Wānanga o Aotearoa
Jason Wikeepa
Bachelor of Engineering (Honours) degree
The University of Auckland
Krystal Wirangi
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
NGĀTI PUKEKO
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ANNUAL REPORT 2013
NGĀTI RANGATAUA Marama Cook
Bachelor of Business Studies
Massey University
Kimi Heathcote
Bachelor of Nursing
Waikato Institute of Technology
Nikora Heitia
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
Hoani Kopae
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
Ngahiraka Kopae
Professional Cookery Level 4
Waiāriki Institute of Technology
Te Awhiahua MariuSalmon
Bachelor of Education(Early Years)
Te Whare Wānanga o Awanuiārangi
Vicki Merito
Bachelor of Education - Primary School
Te Whare Wānanga o Awanuiārangi
Leslie Umuhuri
Bachelor of Education Te Tohu Paetahi Ako
Te Whare Wānanga o Awanuiārangi
Mei Winitana
Doctor of Philosophy Indigenous Studies
Te Whare Wānanga o Awanuiārangi
TE PATUWAI Carole-anne Clarke
Certificate in Vocational Skills (L1&2)
Waiāriki Institute of Technology
Maia Connor
Bachelor of Education Te Tohu Paetahi Ako
Te Whare Wānanga o Awanuiārangi
Tamihana Coxhead
Bachelor of Arts and Law
The University of Waikato
John Hilton Harawira
Certificate in Māori Language Level 4
Te Whare Wānanga o Awanuiārangi
Shane Rongokino Hona
Diploma in Māori Governance and Leadership
Te Wānanga o Aotearoa
Te Motu Savage
Bachelor of Social Work
Te Wānanga o Aotearoa
Helena Wells
Certificate in Mental Health
Netcor Education and Training Te Patuwai grant recipients
TRoN A
Ngāti Rangataua grant recipients
ANNUAL REPORT 2013
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NGĀI TAIWHAKAEA Peter Boy Patene Aukaha
Bachelor of Applied Social Service
Northland Polytechnic
Pauline Bennett
Bachelor of Fine Arts & Art History
Auckland University of Technology (AUT)
Anituatua Yvonne Black
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
Taroi Black
Matauranga Māori Pae Tuatahi
Te Whare Wānanga o Awanuiārangi
Christina Casey
Bachelor of Midwifery
Waikato Institute of Technology
Haley Rose CastleTauroa
Bachelor of Tourism Management
Victoria University of Wellington
Zandra Hahipene
Diploma in Māori Governance and Leadership
Te Wānanga o Aotearoa
Christine Melligan
Master of Indigenous Studies
Te Whare Wānanga o Awanuiārangi
Karamea MurrayCarroll
Certificate in Hairdressing Level 3
Waiāriki Institute of Technology
Jessie Nathan
Bachelor of Arts
The University of Auckland
Peter Ngatai
Bachelor of Science
The University of Otago
Courtney Reneti
Bachelor of Laws and Bachelor of Arts
Auckland University of Technology (AUT)
Tyla Stevenson
Bachelor of Physical Education and Bachelor of Commerce
The University of Otago
Manukorihi Tarau
Bachelor of Environment Studies
Te Whare Wānanga o Awanuiārangi
Tuhapo Tipene
Masters of Māori Studies
Te Whare Wānanga o Awanuiārangi
Pera Tutua-Nathan
Bachelor of Commerce and Administration
Victoria University of Wellington
Jenny Wahapango
Bachelor of Social Work (Biculturalism in Practice)
Te Wānanga o Aotearoa
Jessie Wana
Bachelor of Social Work (Biculturalism in practice)
Te Wānanga o Aotearoa
Jessie Warren
Certificate in Hospitality and Employment Skills
New Zealand Management Academies Ltd
NGĀTI HOKOPU KI TE HOKOWHITU Kristal Heta
Bachelor of Tourism Management
Waiāriki Institute of Technology
Laura Skidmore
Bachelor of Pharmacy
The University of Auckland
Nathan Te Hurinui Stewart
Bachelor of Arts
Victoria University of Wellington
Shaani Tauroa Tui Wright
Bachelor of sport and exercise science Bachelor of Environment Studies
Waikato Institute of Technology Te Whare Wānanga o Awanuiārangi
Ngahuia Ashley Leighton
Bachelor of Commerce and Administration
Victoria University of Wellington
Jade Westrupp
Bachelor of Health Science majoring in Occupational Therapy
Auckland University of Technology (AUT)
NGĀTI HIKAKINO
NGĀI TE RANGIHOUHIRI
24
Quintin Kerr
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
Zoe Kimiora Studer
Bachelor of Sports & Leisure Bachelor of Arts
The University of Waikato
Ricki Tauroa
Te Awa Tuapapa - Certificate in Māori Language
Te Whare Wānanga o Awanuiārangi
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NGĀTI HOKOPU KI TE WHARE O TOROA Devon Ngawai Bluett
National Certificate in Tourism Level 3
Bay of Plenty Polytechnic
Te Aniwa Copeland
Bachelor of Laws, Bachelor of Art
The University of Waikato
Kahutia Forbes-Hill
Pre-Trade Carpentry Course
Tumahaurangi Trust Construction Trade Training Unit
Shoshanna Guptill
Bachelor of Early Childhood Studies
The University of Waikato
Tamati Hudson
Bachelor of Arts (English and New Media Studies)
Auckland University of Technology (AUT)
Tylee Hudson
Bachelor of Arts
Auckland University of Technology (AUT)
Wynell Iraia
Bachelor of Nursing
Waikato Institute of Technology
Vicki Ketu
New Zealand Diploma in Business Level 6
Waiāriki Institute of Technology
Ngaia Mason
Bachelor of Education conjoint with Bachelor of Arts
The University of Waikato
Hiraina Mitai-Harris
New Zealand Diploma in Business First two years of Bachelor of Applied Management
Waiāriki Institute of Technology
Christopher Stewart
Bachelor of Engineering with Honours
Massey University
Edward Sykes
Bachelor of Management Studies
The University of Waikato
Cruz Thomas
Certificate in Collision Repair Level 4
Waikato Institute of Technology
Grace Abbott
Bachelor of Laws/Bachelor of Arts Conjoint Degree
The University of Otago
Shayden Bell
Health Sciences
The University of Otago
Ashley Ellis
Bachelor of Medicine and Bachelor of Surgery
The University of Auckland
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
Waiāriki Institute of Technology
Anthony Hunt
IT Computer Network Engineering Level 5
Avonmore Tertiary Institute
Ngāti Hokopu ki te Hokowhitu grant recipients
TRoN A
Ngai Taiwhakaea grant recipients
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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.
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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
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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,
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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
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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.
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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.
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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
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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 5-7 Toroa Street, Whakatāne 9-11 Toroa Street, Whakatāne 13-17 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
Te Rūnanga o Ngāti Awa 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
For the year ended 30 June 2013
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 Non-controlling interest
10
The accompanying accounting policies and notes form part of the financial statements.
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| WHĀ TEKAU MĀ RUA |
ANNUAL REPORT 2013
f Statements o
N I S E G N A H C EQUIT Y
For the year ended 30 June 2013
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
The accompanying accounting policies and notes form part of the financial statements. 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 Non-controlling interest
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 Owing by subsidiaries 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
The accompanying accounting policies and notes form part of the financial statements.
f Statements o
S W O L F H S A C
Net cash (used in)/from operating activities Cash provided from:
For the year ended 30 June 2013 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
The accompanying accounting policies and notes form part of the financial statements.
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
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ANNUAL REPORT 2013
For the year ended 30 June 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
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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.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 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 the statements of comprehensive income. 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 the statements of comprehensive income. 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
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49
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) 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.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 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
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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.
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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.
Net Financing Income Interest Income Total Financing Income Interest Expense Total Financing Expense Net Financing Income
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 |
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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
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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 Dividend declared during the year Contributed equity 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 Balance at the Beginning of the Year Profit /(loss) for the Year Revaluation Gains Dividend declared during the year Contributed equity during the year 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 -
Balance at the End of the Year
5,460
10,533
15,863
66,890
98,746
30 June 2013 Balance at the Beginning of the Year Loss for the Year
8,044 -
15,863 -
56,541 (644)
80,448 (644)
Balance at the End of the Year
8,044
15,863
55,897
79,804
30 June 2012 Balance at the Beginning of the Year Loss for the Year Transfer to Mātaatua Wharenui Reserve
8,044 -
12,873 2,990
60,345 (814) (2,990)
81,262 (814) -
Balance at the End of the Year
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 Capital Contributions Farm Land and Buildings Fonterra Shares Froude Street Mātaatua Wharenui Other Financial Assets Te Mānuka Tūtahi (Telecom Site)
Parent 30 June 2013 Capital Contributions Farm Land and Buildings Froude Street Mātaatua Wharenui Other Financial Assets Te Mānuka Tūtahi (Telecom Site)
30 June 2012 Capital Contributions Farm Land and Buildings Froude Street Mātaatua Wharenui Other Financial Assets Te Mānuka Tūtahi (Telecom Site)
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: Balance at the Beginning of the Year Increase Due to Acquisitions Decrease Due to Sales Increase Due to Births/(Deaths) Change in Fair Value Balance at the End of the Year
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 Balance at the Beginning of the Year Share of Net Surplus
130 8
123 7
-
-
Balance at the End of the Year
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: Balance at the Beginning of the Year Properties Sold
-
(57)
-
-
Revaluation (Losses)/Gains
(535)
180
-
-
Balance at the End of the Year
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 Movements are represented as follows: Balance at the Beginning of the year Decrease due to harvesting Revaluation Gains Balance at the End of the Year
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 Movements are represented as follows: Balance at the Beginning of the year Additions during the year Impairment loss Balance at the End of the Year
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 Movements are represented as follows:
18,658
18,173
2,415
2,257
Balance at the Beginning of the Year Revaluation Gains
18,173 485
16,771 1,402
2,257 158
2,083 174
Balance at the End of the Year
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 Beginning of the Year Additions (Cost) Disposals (NBV) Transferred (to)/from other categories Impairment Losses Depreciation Balance at the End of the Year Cost or Valuation Accumulated Impairment Losses Accumulated Depreciation 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 Beginning of the Year 13,184 Additions (Cost) 12 Disposals (NBV) Transferred (to)/from other categories 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 Accumulated Impairment Losses Accumulated Depreciation
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 Beginning of the Year Additions (Cost) Disposals (NBV) Transferred (to)/from other categories 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 Accumulated Impairment Losses Accumulated Depreciation
-
-
7,026 -
34,486 (1,884) (1,600)
Net Book Value
-
-
7,026
31,002
| ONO TEKAU MĀ RUA |
ANNUAL REPORT 2013
21. PROPERTY, PLANT & EQUIPMENT (CONTINUED) Parent
30 June 2013
Land $000’s
Balance at the Valuation/Cost Beginning of the Year 10,155 Additions (Cost) Disposals (NBV) Transferred (to)/from other categories 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 Accumulated Impairment Losses Accumulated Depreciation
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 Beginning of the Year Additions (Cost) Disposals (NBV) Transferred (to)/from other categories Impairment Losses Depreciation Balance at the End of the Year Cost Accumulated Impairment Losses Accumulated Depreciation
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
21. PROPERTY, PLANT & EQUIPMENT (CONTINUED)
Land $000’s
30 June 2012 Balance at the Beginning of the Year
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) Transferred (to)/from other categories 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 Accumulated Impairment Losses Accumulated Depreciation
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 Accumulated Impairment Losses Accumulated Depreciation
-
-
7,026 -
24,463 (117) (772)
Net Book Value
-
-
7,026
23,574
Parent
30 June 2012 Balance at the Beginning of the Year Additions (Cost) Disposals (NBV) Transferred (to)/from other categories 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 Balance at the Beginning of the Year Amortisation Balance at the End of the Year Cost or Valuation Accumulated Amortisation Net Book Value 30 June 2012 Balance at the Beginning of the Year Amortisation Balance at the End of the Year 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
Non-current liabilities 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
Non-current liabilities 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
Ngāti Awa Group Holdings Limited
Ordinary
100%
100%
30 June
Commercial Assets Administration
Ngāti Awa Asset Holdings Limited
Ordinary
100%
100%
30 June
Fisheries Investment
Ngāti Awa Farms Limited
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
Tumurau Limited Partnership
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 Owing by Subsidiaries
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 Limited Ngāti Awa Farms (Rangitaiki) Joint Venture Ngāti Awa Group Holdings Limited Ngāti Awa Properties Limited Tumurau Limited Partnership Ngāti Awa Group Holdings 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 Trade and other receivables 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 Trade and other payables
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 Assets per Statement of Financial Position Other Investments Trade and other receivables Other Financial Assets at Fair Value through Profit or Loss Other Assets Cash and Cash Equivalents
Liabilities per Statement of Financial Position Term Loans Trade and other payables
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 Assets per Statement of Financial Position Trade and other receivables Owing by Subsidiaries Other Financial Assets at Fair Value through Profit or Loss Cash and Cash Equivalents
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
Liabilities per Statement of 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
Trade and other payables
-
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
Assets per Statement of Financial Position
$000’s
$000’s
$000’s
$000’s
$000’s
Trade and other receivables Owing by Subsidiaries Other Financial Assets at Fair Value through Profit or Loss Other Assets Cash and Cash Equivalents
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
Liabilities per Statement of Financial Position Trade and other payables
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 Trade and other payables
30 June 2012 Term Loans Trade and other payables
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
Trade and other payables
440
-
-
-
440
Owing by subsidiaries
473
-
-
-
473
913
-
-
-
913
579
-
-
-
579
579
-
-
-
579
30 June 2012 Trade and other payables
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
Financial Liabilities
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
Financial Liabilities
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
Financial Liabilities
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
Balance at end of the year
3,564
2,920
AFL Shares No changes have occurred in the current period (2012: same) Limited Partnership - ICP Koura Collective Balance at beginning of the year Increase due to acquisitions Decrease due to capital returned
616 (28)
616 -
Balance at end of the year
588
616
30 June 2012 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 - 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 Balance at beginning of the year 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
Assets per Statement of Financial Position - Listed shares
25
-
-
25
Total assets
25
-
-
25
30 June 2012 Assets per Statement of Financial Position - 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, WhakatÄ ne