Ngati Awa Commemorates the Battle of Te Kupenga and World War I Battle of Te Kupenga
This year Te Rūnanga o Ngāti Awa commemorate the 150th anniversary of Te Kupenga. This battle between hapū of Ngāti Awa and crown forces in 1865 precluded the Raupatu of Ngāti Awa and loss of thousands of acres of land. Māori land across the country was being confiscated by the Crown to appease the demand for land by European settlers. The previous year (1864) Ngāti Awa hapū were decimated at Te Kaokaoroa by the Crown and its allies, as they sought to give their support to King Tawhiao against the Crown invasion of the Waikato and eventual taking of Waikato lands.
World War I
This year Te Rūnanga o Ngāti Awa also commemorated the 100th anniversary of the departure of the Pioneer Māori Battalion of World War 1. Ironically only 50 years after the confiscation of thousands of hectares of Ngāti Awa land by the Crown, over 100 Ngāti Awa men enlisted in World War I to fight for, and defend, the British Crown.
CONTENTS TE RŪNANGA O NGĀTI AWA 2 2 3 4 6 12 19 24 32 36
Karakia He mihi Ka Mahi Ka Mahi Roll of Honour Chairman’s Report Manahautū Report 5 Year Plan Te Ara Poutama Outcomes 2013-2014 Scholarship & Grant Recipients Development Ngāti Awa 36 - Te Whare Wānanga o Awanuiārangi 38 - Te Reo Irirangi o Te Mānuka Tūtahi 40 - Te Tohu o Te Ora o Ngāti Awa
NGĀTI AWA GROUP HOLDINGS LTD 42 46 49 51 83
Chairman’s Report Auditors Report Directory of Officers Te Rūnanga o Ngāti Awa Financial Statements Remuneration, Fees and Payments
In Commemoration of Te Kupenga & World War 1
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HE KARAKIA WHAKAPUMAU
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.
HE MIHI Kapua hokaia I runga o Tawhiti nui a Te Tua Ka tatu ana ki runga o Kapu-te-rangi puke i Aotea Ko Toi te tangata o te motu Whaka moe te au maroro whenua Haere mai e nga mana Haere mai e nga reo Nga karangaranga hapū ka eke nei Nau mai haere mai! Mauria mai o tatau tini mate Ratau e hinga ana I runga i o tatau marae maha Kia tangihia ano e tatau. No reira koutou ma Kua whai atu I te Kahui Ariki Te kahurangi I mua ia koutou Haere haere moe mai I roto I te Ariki No reira ka hoki mai kia tatau te hunga ora Nga uri on nga hapū o Ngāti Awa Tena koutou, tena koutou, tena koutou katoa.
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
KA MAHI KA MAHI Ka mahi ka mahi taua ki te pito, tamoea ra te pae ki Hangahanga Kotahi te hau puta kino i te ure, he hauauru kia opehia noatia te pīpipi o te whenua Tau ana te puhana ki te rangi, kotahi toka i whakaohu ki waho ki te moana Ko Karewa he huinga toroa tauira, tāpapa ana te au ki muruika E whakakau atu ana e te ngakau ki roto o Puna, ki Rotoehu ko Motutara ko Te Kohika Tu ana ra i te tātā o Maniapoto, ko Tuterangi Pouri, ko Taiporutu Ka takoto ra i nga mania kai ahirau Ae motu ma he aha ra te wehi o maua ko taku tinana e wehia nei Me hanga ki te retireti o te tipua, kia whiti ai ahau ki tarawaahi o te awa ki Tuhua
Ko nga whakamarama o tenei ngeri, e hoki ana ki te wa i tono a Rewi Maniapoto kia Ngāti Awa ki te awhi i a Ngāti Maniapoto i roto i te pakanga e mohiotia ana ko Orakau. Te taetanga atu o te tono ki a Ngāti Awa, ka whakarite ratau ki te haere. Ka timata te haere a Ngāti Awa ma tuawhenua, i reira ka tū a Te Arawa me ona toa ki te whawhai ki a Ngati Awa. Katahi ka huri ratau ma te moana, i reira ngā kaipuke a te pakeha e tatari ana ki te ope a Ngati Awa. Ka hoki a Ngati Awa ki te kainga ki te wananga i te kaupapa, a, i reira ka whakaaro kia hui ratau me wa ratau whanaunga o Ngai Tūhoe. Ka hui ratau, a, ka whakatau i ngā whakanekeneke e kiia ana, ma Ngāti Awa e hari i a Te Arawa me nga kaipuke a Te Pakeha ki te moana ki Tuhua kia watea ai te huarahi ma Tūhoe ki te haere tuawhenua. I reira ka tae a Te Whenuanui me tōna tira o Ngai Tūhoe ki Maniapoto The ngeri Ka mahi ka mahi recalls some key events of the land wars fought by Ngāti Awa and others against the Crown. It records Rewi Maniapoto asking Ngati Awa to aid Ngāti Maniapoto with the battle at Orakau. As soon as Ngāti Awa received this request they headed off to Orakau.
Ki a kite ai ahau i te wai whakatete a te aio, i Te Paritu ki Aroaro tamaahine Kia aroia te kino i te tinana e amu atu nei te hemo ha. Tena te mata i aroia ko Tawakewake, he nohanga no nenerua i no Raparua e Kia marama te titiro e ki te puia tu ki Whakaari Ka taawherawa i te matarae ki Whangaparaoa Me whakahoki mai whakamuri ki Koohi ko Areiawa.
On their journey they were stopped by groups within Te Arawa who fought with the Crown. They then went along the seaside and were stopped by government ships. Ngāti Awa returned home to think of a plan with their relations from the Tūhoe tribe. The plan of action was that Ngāti Awa would lead their enemy to Tuhua Island so that the path will be clear for Tūhoe with Te Whenuanui to go and help Ngāti Maniapoto. It also refers to important sites including Karewa and Tuhua Islands, Rotoehu, Motutara and Te Kohika as well as Whakaari, Whangaparaoa, Koohi and Areiawa.
In Commemoration of Te Kupenga & World War 1
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TE RuNANGA O NGĀTI AWA
ROLL OF HONOUR OF MEN WHO SERVED AND MEN WHO GAVE THEIR LIVES IN THE GREAT WAR 1914 - 1918
Anderson (Chase), Ernest John (Alexander)** 19640 Aratema, Taane
1611(AUS)
31942 13/291 11375 19433 84749 19699 13/2318 56571 16/373 19956 16/581 13/3122 13/342 13/343 17708 19623 46342 20027 16/116 16/190 19762 20883 20866
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Bluett, Charles** Bluett, Richard Buckworth, Charles Garthon Chapman (Pohonui), Wira Chase, Tuti* Dickinson, Harry Doherty, Abraham Doherty, Adrian Duff, Matene Rangiamohia Enoka, Harry Tahere Fox, Henry Garlick, James Garlick, Richard Garlick, Thomas Garlick, William* Haimona, Rarua Haua, Charles William Himiona, Turoa Hirini, Haimona Hirini, Mohi Honatana, Wipere Horopapera, Tame Hunia, Te Ruawai*
Te Rūnanga o Ngāti Awa
| Annual Report 2015
3068A 20026 60613 19890 19556 16/10; 16/148 2456 (UK) 52007 (NZ) 20023 16/1237 20021 16/172 16/537 19539 16/64 20863 20038 60543 20869 16/673 16/86 20020 19503 16/185 20606
Hunia, Winiata Huta, Meihana Huta, Rotohiko Irimako, Hoani Jumbo, Henry Kaipara, Autini Pitara** Kaipara, Hori Kereti, Ropata Kereti, Taironga Kereti, Tuhimata Kingi, Mahiti Kingi, Raniera Kinita, Paki Kirikau, Hihi Kopae, Tamihana Kopae, Tarewa Kororiko, Joe Koti, Hone* Mamaku, Taiporutu Merito, David (Rawiri) Merito, Topia Moengaroa, Timothy Moko, Horo Ngamu (Tamihana), Hoani* Ngatai, Bon Swainson (Te Pou)
Poroporo Football Team 1914. Awanuiarangi ll Wharenui, Poroporo Built by Pene Mokai 19698 19602 20040 16/92 60841 19493 20726 16/158 20018 16/91 16/94 16/115 16/721 19557 24/1807 12/4084 19975 19883 13/448 13/954 16/506 13/440 1376 (UK) 13/2922 12/451
Ngatai, Hipara Ngatai, John Paora, Wiripo Penetito, Hori Peta, Aporina Peta, Timu Timu Raharuhi, Patu Raimona, Rangi Ratahi, Hura Ratima, Nepia** Ratima, Romana Rewa, George Rangitikei** Rewi, Petera Rihari, Eru Savage, Albert** Savage, Charles Savage, Daniel Savage, John Joseph* Simpkins, James Simpkins, Thomas* Simpson (Rewiri), George** Stewart, Allan Henry Oliphant Stewart, John Francis Stewart, Walter Mitchell Stewart, Matthew Rapana
Ngati Awa Soldiers about to embark for W WI
16/1381 20012 20871 16/144 84751 19957 19906 16/83 20613 16/100 16/123 16/125 16/127 16/773 16/815 16/77 16/145 16/155 9706 19674 19525 19526 60451 20867
Sydney, Graham Takotohiwi, Himi Tawa, Hawea Tawa, Huri Tawa, Tamati Tawhio, Peter Te Haeata, Te Kani Te Raihi, Pukerimu Topi, Patu Tuati, Tuhituhi Frederick Tuati (Stewart), Parehia (David Apanui)* Tunoa (Lawson), Hamiora (Snow)** Tunui, Ihaka Tutahi, Tiaki TĹŤtahi, Paki Paki Utauta, Rotohiko Whareraupo, Tuakanakore* Wihapi, Aritaku Wihapi, Patana Wihapi, Piripi Wihapi, Tata Wihapi, Watene Wikeepa, Ranginui Wineti, Hoani T
*Died while on active service **Killed in action
In Commemoration of Te Kupenga & World War 1
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TE RŪNANGA O NGĀTI AWA
CHAIRMAN’S REPORT
Dr. HohepaMason 6
Te Rūnanga o Ngāti Awa
| Annual Report 2015
W
elcome to the Annual General Meeting of Te Rūnanga o Ngāti Awa. It is my pleasure to present the following report on behalf of the Board of Representatives of the 22 hapū of Ngāti Awa. I have cautioned, and lead a slow and steady approach this past year and as you will see in our report we are making positive progress in so many areas. We have strengthened relationships between our Rūnanga and hapū and even connected to many of our whanau living outside of our rohe. We are working collaboratively with Te Whare Wānanga o Awanuiarangi, Te Mānuka Tūtahi and Te Tohu o Te Ora o Ngāti Awa and together we have managed to achieve more for whānau and hapū than we could have achieved on our own. I have heard on my own marae the korero about the success of the Nga Tapuwae Wananga and see the benefits to our people of the Pataka Kai at a time when they need our support the most. As my hapū and others prepared for Ngāti Awa Te Toki you could feel and see the confidence and pride in our tamariki and taiohi. Our Rūnanga has been proactive and this activity has brought about a great sense of pride amongst our people to be Ngāti Awa. We are making progress in a number of areas and now we are able to take time to reflect upon what exactly it is we have done! Our financial accounts show that the Rūnanga is managing to live within its budget and has done so now for the past 3 years. With global dairy prices struggling to get above $5.50 our income is greatly affected. However in saying that strong equity performance has managed to cushion the effects of the dairy downturn. We don’t earn a lot of money from the mix of assets that make up our asset base so there is pressure on our Directors of NAGHL to perform and ensure the best returns possible from the asset classes we have. It’s also about the continued prudent management of iwi resources and assets that have originated from the settlement of Ngāti Awa’s historical claims. We will hear more about that in the NAGHL report.
The Chief Executive has been with us for the past 3 years. During this time we have gone from a deficit culture to one that is now capable due to improved systems, policies and appropriate staffing to live within its means. It hasn’t been an easy role managing the commercial and social sides of our Rūnanga balancing social and cultural expectations but Enid Ratahi-Pryor successfully and very professionally managed to do that and much more. There are many achievements too many to list in both the company and the Rūnanga that Enid is responsible for and has contributed to during her tenure with Ngāti Awa. This report and previous Annual Reports are a testament to her time with us. I am very sad to be losing our Chief Executive. She has been an inspiration to our staff, leading from the front and has always ensured her support and commitment not only to her staff, but to myself as Chairman. She has shown outstanding skills in many areas and when it comes to managing our money, our assets, and our reputation, Enid has done an exceptional job. She has been a safe pair of hands for our Iwi. I know that many of our people are very disappointed as I am to lose our Chief Executive. We didn’t want her to go but with the change in her commercial responsibilities, I agree with her decision, that her skills and abilities can now be utilised elsewhere and we must move forward. No reira te Mareikura no Ngāti Awa. He o rite koe ki to tatou Tupuna a Wairaka no reira kia whakatau te whakatauki “Kia Whakatane au I ahau” ki runga i a koe. I thank our Kahui Kaumatua, Board of Representatives, NAGHL Boards and Committees and Chair people, our management and staff. Finally I thank all of you for coming to this years Annual General Meeting of Te Rūnanga o Ngāti Awa No reira tena koutou tena koutou tena tatou katoa.
Before we leave the subject of NAGHL, as Board Representatives are aware the Board of NAGHL made a decision to employ their own Chief Executive Officer. As a result of that decision and by mutual agreement, this is our Chief Executive’s last day with us.
In Commemoration of Te Kupenga & World War 1
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TE RŪNANGA O NGĀTI AWA
HAPŪ DELEGATES
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
L-R: Manurere Glen, Te Kei Merito, Meri Hepi, Aubrey Kohunui, Miro Araroa, Marcia Wahapango, Alf Morrison, Hohepa Mason (Chairman), Stanley Ratahi, Maanu Paul, Keld Hunia, Tuwhakairiora, O’Brien, Materoa Dodd, Serenah Nicholson, Puti Koopu, Regina O’Brien, Mihipeka Sisley, Manu Tarau, Dayle Hunia
In Commemoration of Te Kupenga & World War 1
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TE RŪNANGA O NGĀTI AWA HAPŪ
10
HAPŪ
JUNE 2015
NOV 2015
REPRESENTATIVE
Te Pahipoto
2,220
2,218
Tuwhakairiora O’Brien
Te Kahupake
699
698
Mihipeka Sisley
Nga Maihi
1,860
1,862
Regina O’Brien
Ngai Tamaoki
829
830
Keld Hunia
Ngai Tamawera
1,134
1,135
Alf Morrison
Ngāti Hamua
481
480
Miro Araroa
Ngai Tuariki
324
324
Meri Hepi
Ngāti Warahoe
568
574
Aubrey Kohunui
Ngai Taiwhakaea II
1,390
1,397
Manukorihi Tarau
Ngāti Hikakino
564
563
Stanley Ratahi
Ngai Te Rangihouhiri II
620
618
Manurere Glen
Te Tawera
877
879
Pouroto Ngaropo
Ngāti Pukeko
2,571
2,579
Joe Mason
Ngāti Rangataua
506
506
Te Kei Merito
Ngai Tamapare
413
411
Paul Quinn
Ngāti Hokopu - Te Hokowhitu a Tu Ki Te Rahui
645
642
Maanu Paul
Ngāti Hokopu - Te Whare o Toroa
1,396
1,397
Dayle Hunia
Ngāti Wharepaia
536
536
Materoa Dodd
Ngāti Maumoana
122
122
Puti Koopu
Te Patuwai
1,265
1,267
Marcia Wahapango
Ngāti Awa ki Tamaki Makaurau
338
339
Hakahaka Hona
Ngāti Awa ki Poneke
317
320
Serenah Nicholson
Elected to be known as Ngāti Awa
73
73
Totals
19,748
19,770
Te Rūnanga o Ngāti Awa
| Annual Report 2015
NGĀ MATE
from 1 July 2014 to 30 June 2015 From 1 July to 30 June, there were 66 mate that we were aware of - 46 registered members and 20 not registered but of Ngāti Awa descent. HAPŪ
NUMBER
Ngāti Pūkeko
12
Ngā Maihi
6
Te Pahipoto
7
Ngai Taiwhakaea
3
Ngāti Hokopu ki Te Hokowhitu a Tu ki te Rahui
3
Ngāti Hokopu ki Te Whare o Toroa
3
Ngāti Rangataua
4
Ngāti Hāmua
6
Ngai Tamawera
5
Ngai Tamaoki
3
Ngāti Hikakino
2
Te Patuwai
4
Ngāti Maumoana
1
Ngāti Awa ki Tamaki Makaurau
1
Te Kahupāke
1
Warahoe
2
Ngai Tamapare
3
Total
66
In Commemoration of Te Kupenga & World War 1
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TE RŪNANGA O NGĀTI AWA & NGĀTI AWA GROUP HOLDINGS LTD
MANAHAUTŪ REPORT
Enid Ratahi-Pryor 12
Te Rūnanga o Ngāti Awa
| Annual Report 2015
• TRONA completed the financial year in line with budget • GROUP PROFIT for the year of $2.4m versus a profit of $6m in the previous year • TOTAL GROUP ASSETS increased from $124m to $128m
On the 3rd July the Board of Ngāti Awa Group Holdings advised Te Rūnanga o Ngāti Awa of their decision to hire their own Chief Executive Officer. Ngāti Awa Group Holdings have contracted Jeremy Curragh of Crowe Horwath Accountants Tauranga in the interim until a permanent Chief Executive is employed.
• $1.5m CASH FUNDING provided to Te Rūnanga o Ngāti Awa from Ngāti Awa Group Holdings Limited
Given this significant change to my role by mutual agreement with Te Rūnanga o Ngāti Awa my last day with the organisation will be the 5th December 2015.
WHAT HAVE WE ACHIEVED FINANCIALLY?
Staffing Arrangements
Te Rūnanga o Ngāti Awa has completed its third consecutive year within budget. This has been as a result of implementing the new financial system together with the associated polices and processes and the re-establishment of an internal finance team. We have employed a Financial Controller and Accounts Administrator, but are yet to employ a Chief Financial Officer and Senior Accounts person. These appointments are expected to be completed in the new year.
Total Assets $128 Million
$millions
This is my third and final year as Manahautū of Te Rūnanga o Ngāti Awa and Ngāti Awa Group Holdings. While I am very sad to be leaving, I am able to reflect on this past year with great pride and satisfaction on the results and outcomes that have been achieved. It is a pleasure to present this report on the activities of the Rūnanga and commercial operations this financial year to ngā uri o ngā hapū o Ngāti Awa.
The combined Ngāti Awa Group Holdings Ltd and Ngāti Awa Asset Holdings Ltd ended the year 30 June 2015 with a net surplus after tax (including noncontrolling interests) of $3.7 million. This was down on the previous year’s net surplus after tax of $6.4 million as the impact of lower milk prices was felt across the dairy platform. Combined assets of the commercial operations (including non-controlling interests) have increased $3million to $101million. The details will be covered more comprehensively in the NAGHL section of this report.
Deloitte leaves us at the end of this year having successfully completed the work outlined above while also taking care of the financial management of our business. I thank both Mana Newton and Josh Hitchcock from Deloitte for their time and efforts we also welcome Josh Hitchcock as Financial Controller to the organisation.
In Commemoration of Te Kupenga & World War 1
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WHAT HAVE WE ACHIEVED SOCIALLY? – TOI ORA Through the provision of Kai
Supporting our whanau and hapu through tangihanga continued this year with the provision of meat and fish from the Pataka Kai. Te Rūnanga o Ngāti Awa in conjunction with Ngāti Awa Farms Ltd and Aotearoa Fisheries Ltd have provided 1,320kg of meat and 880kg of fish fillets for tangihanga on Ngāti Awa Marae. Practical support at the very beginning of the tangihanga process is what is most needed by our whanau. Providing processed meat packages including mince, sausages, steak, brisket and frozen fish fillets for the very first lot of meals required to feed the whanau and manuhiri have been very well received by whanau. Current allocation is as follows:
Pataka Kai Distribution
Meat per tangi, per marae = 30kg Fish per tangi, per marae = 20kg The allocation of fish and meat is always subject to availability but every effort is made to ensure that sufficient stock of meat and fish is maintained. Between 1st July 2014 to 30th June 2015 Te Rūnanga o Ngāti Awa distributed the following: FISH MEAT Total Number of tangi that received Pātaka Kai distribution Total kgs distributed
40
40
880kgs 1320kgs
Through healthy eating and exercise
Marae
Te Rūnanga o Ngāti Awa are committed to improving the health and wellbeing of our people. Through collaboration with Te Tohu o Te Ora o Ngāti Awa we continue to support the very successful Ngāti Awa Hakinakina competition and have this year established two further “Key Calendar Events” for Ngāti Awa participation; the Ngāti Awa 12 Week Challenge and the Ngāti Awa 6km Mud Run Teams. Now into its tenth year the Ngāti Awa Hakinakina had 17 out of 22 hapu participating in the event with approximately 800 Ngāti Awa people on site to support the kaupapa. This years winning hapu was Te Pahipoto closely followed by Ngāti Hokopu ki Hokowhitu and Ngai Te Rangihouhiri.
Kilograms
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
Hapū Members Registered
Through Education
This year we provided 3 scholarships in the areas of Environmental Management to Cynthia Pryor of Nga Maihi; Law and Commerce to Charlotte Cull of Te Patuwai, and Matauranga Māori to Tracy Takuira also of Te Patuwai. Ninety-nine education grants toward tertiary level study were provided. 47% of tertiary grant applicants attended a university followed closely behind by 31% choosing to attend a Wananga. Waikato and Auckland Universities are the most favoured by our tauira averaging 15 students each with Te Whare Wānanga o Awanuiārangi achieving 26 tauira out of 102 applicants. The graph below depicts the spread of applications by hapū. A comprehensive list of grant recipients and their hapū can be found elsewhere in this report.
Hapū
541 Total Registered The Ngāti Awa 12 Week Challenge brought 86 people together to focus upon healthy eating and exercise while utilising social media to spread healthy Iwi messages. At the start of the challenge we registered a group body weight of 8,207kgs. Three months later a whopping 768.35cm was lost 87.4kg from the group total and many new healthy eating options and lifestyles started. Continuing the healthy lifestyle momentum, we established a 20 strong “Tough Guy and Tough Girl 6km mud run team. Our goal is to have 3 Ngāti Awa teams next year taking our total group number to 60.
In addition to the provision of education grants, Te Rūnanga o Ngāti Awa have spent this past year reviewing how we best spend our time, energy and resources given the very sizeable need and limited resources available to support our whānau. A number of initiatives have commenced including the whānau study hubs, collection of Ngāti Awa specific stories for reproduction and collaboration with other
In Commemoration of Te Kupenga & World War 1
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found knowledge into whaikorero for paetapu has had immediate and dramatic effects with these stories, connections and whakapapa now being heard on Ngāti Awa marae. We must not stop there and ensure that the provision of high quality korero, whakapapa and information continues to be passed on to Paetapu and heard throughout our Ngāti Awa marae.
providers. Adding further Ngāti Awa specific stories to the already existing publications is well underway. This project seeks to re-establish our Ngāti Awa reo, history and tikanga back into the school curriculum and in the home for whānau centred learning.
Moteatea and whakangahau were also an integral part of the wānanga further enhancing the whanaungatanga between hapū. Our goal has been to put mechanisms in place that will lead to every Ngāti Awa descendant being familiar with or able to recite at least one Ngāti Awa moteatea, whakangahau waiata and haka. Having implemented Ngāti Awa Te Toki kapahaka and Paetapu wānanga we have made a good start toward achieving our goals but we have a lot more work to do.
Planning ways in which to support secondary school learners towards achieving NCEA is a priority for us. Although delayed, the establishment of whanau study hubs this year have now been implemented with support from Te Whare Wānanga o Awanuiārangi and Te Tohu o Te Ora o Ngāti Awa. The goal of the hubs is to increase NCEA exam pass rates with whānau focussed study and support, that will lead to more of our taiohi at exam time being better prepared and supported.
WHAT HAVE WE ACHIEVED CULTURALLY – TURANGAWAEWAE? In Te Reo
Te Reo Irirangi o Te Mānuka Tūtahi radio station established by Te Rūnanga o Ngāti Awa in 1990 continues to align its goals and objectives against Ngāti Awa Te Toki, Te Ara Poutama and Te Rautaki Reo o Ngāti Awa. Working with the radio station we continue to raise the general status and awareness of Te Reo Māori, and the regeneration and revitalisation of Te Reo o Ngāti Awa. Full immersion in our reo Ngāti Awa through wananga has been a significant achievement for both our Rūnanga and the Iwi. Combining our reo strategy with wānanga to improve our exposure and knowledge of our reo Ngāti Awa, has been challenging but essential to achieving the increased usage and uptake of our reo. The Ngā Tapuwae o Awanuiarangi I wananga were developed to strengthen and support the capacity and capability of Ngāti Awa Paetapu. The wananga increased our knowledge of the tupuna Awanuiārangi I, his descendants and our whakapapa connection to other tribes. Incorporating that new
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
We continue to support Te Ahi Kaa to manage and take over responsibility for the Ngāti Awa Te Toki. While its early days Te Ahi Kaa managed a successful Ngāti Awa Te Toki 2015 event with minimal support from Te Rūnanga o Ngāti Awa but with support when and where required. Building the capability and capacity of Te Ahi Kaa was one of the greatest outcomes of the Te Toki 2015 event. Hapū being responsible for the growth and development of our language and tikanga through kapahaka is one of the multiple strategies towards strengthening hapū and Ngāti Awa culture. Further opportunities to build capacity and capability were identified that would empower and enable hapū autonomy. We did this through increasing hapū participation in our Rūnanga processes. Some examples include the MV Rena hearings, Otara o muturangi court case, Opihi Whanaungakore submissions, Ngāti Awa Te Toki, Paetapu wananga, River Forums and Joint Management Committees. Management processes have been implemented to enable and ensure that relevant hapū lead and
Through the Preservation and Conservation of our Culture and Heritage
front kaupapa that directly affects them. I believe we have come part way toward achieving that vision and congratulate my management team for their unreserved commitment to this. Again we still have quite some way to go before we achieve ultimate cultural wellbeing but we have made a start, seeds have been sown and we have strong hapu support to help us achieve that goal.
Through the Revitalisation of Traditional Cultural Practices
In 2014 Te Rūnanga o Ngāti Awa continued the cultural harvest of kuia (Grey Faced Petrel) on Moutohora. This practice was brought back to life in 2012 and deemed to be an essential cultural practice that contributes to defining our uniqueness as Ngāti Awa. As each year passes and we become more experienced at this practice, we need to ensure that succession training in all aspects of the Kuia harvest leads to our hapū being able to carry out these processes independently of the Rūnanga when some future point in time. When this occurs and our hapuū are facilitating and determining the practice, we will have achieved the revitalization of a traditional practice previously carried out by our tupuna. It was with sadness that we acknowledge the recent loss of Pita Paul, the last of the three koroua to take part in the revitalisation of the tikanga in 2012 alongside Wiremu Maunsell and John Wixon.
Maintaining the presence of Ngāti Awa as tangata whenua in Whakatāne is about ensuring our history, stories and connection to these places are known and reflected within the places and spaces of Whakatāne where possible. Te Rūnanga o Ngāti Awa and the Whakatāne District Council have been working closely for the past 12 months developing a Heritage Hikoi encompassing Ngāti Awa history for the Whakatāne District that will provide a world class visitor experience. Our history with te reo Ngāti Awa translations and designs have been completed for Pohaturoa and Wharaurangi. The project involves the upgrade and re-design of reserve areas around historical sites. The first three panels – Pohaturoa; Te Arikirau and Wharaurangi were installed in time to meet the 175th anniversary of the signing of Te Tiriti in Whakatāne. Given the over-whelming support from our whanau on social media the Whakatāne District Council relented on the name “The Gap” and named the area opposite Pohaturoa, Wharaurangi the original name for the area.
Te Mānuka Tūtahi Marae Mataatua Wharenui
There are many unique carved features within Mataatua that set it apart from wharenui across the country. One of these are the two carved sets of twins Taitimuroa and Wahamamama that adorn the left and right amo of the Mataatua. This year a decision was made by kaumatua to take down the original carvings for restoration. Since then it has been confirmed that copies of the amo be carved and erected in place of the original whakairo. This project is one of the main conservation and preservation projects for the following financial year. Mataatua wharenui is the essence of who we are as Ngāti Awa and Mataatua. It holds within it the
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stories of our tupuna, the history of our raupatu and the whakapapa of our Iwi. We have maintained the cultural and spiritual practices that define us as Ngāti Awa and Mataatua through the provision of pohiri and manaaki of manuhiri to our wharenui. We hold within it hui of importance to Ngāti Awa and the confederation of Mataatua tribes. Mataatua is not a commercial asset. It is a cultural asset belonging to the people of Ngāti Awa. While we run activities that seek to create a return to offset the operating costs of the wharenui we must ensure that the cultural and spiritual integrity of our tupuna whare Mataatua is not compromised by commercial activity.
He mihi whakakapi
I wish to acknowledge the work of our Cultural Advisor Pouroto Ngaropo and the staff of Te Rūnanga o Ngāti Awa. The outcomes and achievements outlined in this report are a testament to their outstanding range of skills and abilities required to get the job done. Driving improved outcomes for our hapū and getting practical solutions up and running has been the key theme this year for my staff and advisors. I am proud to have been a part of this outstanding team for the past 3 years and wish them all the very best for their futures.
AS KAITIAKI WHAT HAVE WE ACHIEVED ENVIRONMENTALLY? – MAURI ORA Coping with Environmental Disasters The effects of the devastation and aftermath of the grounding of the MV Rena on the 5 October 2011 on Otaiti, or Astrolabe Reef off Motiti Island, are still being managed. In August 2014 TRoNA lodged a submission opposing the application by the Astrolabe Community Trust to dump or abandon remains of the MV Rena on Otaiti and for future discharges of contaminants from the wreck and associated debris. Te Rūnanga o Ngāti Awa’s opposition was based upon receiving considerable feedback from a series of hui with Te Patuwai and Ngāti Maumoana establishing an agreed position of both the hapu. Our submission stated that Otaiti is a taonga, pataka kai and wahi tapu of considerable significance to Ngāti Awa and that we have a responsibility as tangata whenua and kaitiaki to ensure that all practical efforts are made to remove the wreck in its entirety.We continue to work alongside and closely with the hapū of Te Patuwai and Ngāti Maumoana acknowledging their inner strength, resilience and unwavering commitment to protect their ocean and Island environment.
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
We have worked very closely this year with Te Whare Wānanga o Awanuiārangi, Te Mānuka Tūtahi FM and Te Tohu o Te Ora o Ngāti Awa. Through these positive and collaborative relationships we were able to complete many of the initiatives that have been outlined, in addition to the comprehensive media, education, health and social services that those organisations provide in their own right to Ngāti Awa and the wider community. I thank the Whakaruruhau Sir Hirini Mead, former Chairman Ngāti Awa Group Holdings Sir Harawira Gardiner, and Chairman Joe Mason for their practical advice and wisdom this past year and in particular over the past few months when it has been much needed and greatly appreciated. Finally, thank you to the kahui kaumātua and hapū leadership for the many ways in which they have been able to help guide our waka forward. nō reira tēnā koutou, tēnā koutou, tēnā tātou katoa. Enid Ratahi-Pryor Q.S.O Chief Executive
TE RŪNANGA O NGĀTI AWA
5 YEAR PLAN
What Are We Doing? Where Are We Heading?
WHAT HAVE WE ACHIEVED
NGĀTI AWA TE IWI
NGĀ URI O NGĀ HAPŪ O NGĀTI AWA
NGĀTI AWA TE TOKI
NGĀ URI O NGĀ HAPŪ O NGĀTI AWA
TE ARA POUTAMA IS OUR STRATEGIC FRAMEWORK
NGĀTI AWA TE TOKI
TE RŪNANGA O NGĀTI AWA IMPLEMENT NGĀTI AWA TE TOKI
TE ARA POUTAMA
CEO OFFICE IMPLEMENT THE 5 YEAR PLAN
RŪNANGA 5 YEAR PLAN
Annual Plan Year 1
Annual Plan Year 2
Annual Plan Year 3
2013/2014 COMPLETED
2014/2015 COMPLETED
2015/2016 CURRENT
Annual Plan Year 4
Annual Plan Year 5
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ANNUAL PLAN YEAR 3
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CULTURE & HERITAGE WORK PLAN
SO HOW ARE WE TRACKING?
1. Support hapū to hold Ngāti Awa Te Toki as a regular event
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Successful Ngāti Awa Te Toki event held at Te Mānuka Tūtahi Marae phase 1 completed
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Phase 2 Te Ahi Kaa to run event in 2015/16
2. Establish a working group to implement wānanga on Ngāti Awa tikanga, waiata, whaikōrero, whakapapa, karanga, mau rakau, rongoā, raranga, whakairo, ngā whetu, and mātauranga
•
3. Programmes to increase access to NARA by tamariki, rangatahi, kaumātua and kuia developed
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Increasing access to Ngāti Awa Research and Archives through exhibition and publication - World War I, Te Tiriti o Waitangi and Te Kaokaoroa and Te Kupenga. Exhibitions held Phase 1 completed
4. Online database of Ngāti Awa archives developed
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Scoping Project completed. Implementation of the database included in the 2015/16 Budget
• •
5. Requirements to establish a taonga conservancy programme identified
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6. Mataatua Conservancy Plan developed
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
Ngā Tapuwae o Awanuiārangi Wānanga Programme established Ngā Tapuwae wānanga implemented for Paetapu - phase 1 completed Phase 2 – Document Wananga in mixed media for Iwi wide distribution 2015/16
Scoping Project completed. Implementation of the conservation and preservation of taonga incorporated into the 2015/2016 Budget Plan and scoping completed and parts implemented. Budget requirements incorporated into 2015/2016 budget
ENVIRONMENTAL MANAGEMENT WORKPL=AN 2014-2015
GOALS AND OBJECTIVES COMPLETED
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Application for Customary Marine Title made
•
•
Submissions to the draft WDC district plan organised, completed and followed through Ohiwa Harbour Shellfish survey follow-up completed RENA proceedings actively followed in collaboration with hapū
Funding identified and obtained. Scoping Report completed. Hapu hui to commence before end of financial year.
•
Completed
• • • •
Completed Completed All required submissions lodged. Evidence provided to Environment hearings in Tauranga September 2015. Active and Ongoing
•
Active and Ongoing
Mauri enhancement projects 2013-2014 finalised and evaluated Mauri enhancement projects for 2014-2015 implemented Ngāti Awa environmental plans for farms completed
•
Completed
•
Completed
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Completed
Ngāti Awa Resource Management Plan finalised and published Ngāti Awa making active contribution to district and regional plans Regional coastal plan reviewed In collaboration with DOC prepare and implement annual kuia harvest at Moutohora Cultural assessments and resource consents on a cost recovery basis delivered
•
Incomplete
•
Completed and ongoing
• •
Completed Completed
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Completed and up to date
• • •
Strategic relationships with local, regional and national agencies maintained
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Technical advice and support to Customary Fisheries
• • • • • • • •
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ANNUAL PLAN YEAR 3 EDUCATION WORKPLAN 2014/2015
GOALS AND OBJECTIVES COMPLETED
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Establish a Ngāti Awa Education 5 year plan
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Research and Design Completed
•
•
Completed
• •
Completed Completed and ongoing
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Identify Ngāti Awa reo teachers to develop curriculum resources Writers wānanga organised Collaborate with Ministry of Education and agencies to support development of curriculum resources Develop educational resources
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19 stories completed. Awaiting publishing funding
• • •
Monitoring of achievement in education Ngāti Awa representation with schools Source funding for study hubs Ngāti Awa
• • •
Completed Completed and ongoing Study hubs for Ngāti Awa taiohi commenced in October 2015
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Ngāti Awa cultural / learning sites identified and resources developed
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Completed
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Develop and implement Paetapu wānanga
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Transferred to Cultural Wananga
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Hui Whakanukunuku: Ngāti Awa education researchers presenting current research
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Completed
•
Tū Pakari / Leadership programme development
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In progress with Te Whare Wānanga o Awanuiārangi
• •
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
MATAATUA WHARENUI WORKPLAN 2014-2015
GOALS AND OBJECTIVES COMPLETED
•
Mentoring of Pou Arataki to increase hapū capacity Ongoing professional development of Pou Arataki undertaken
•
Completed
•
Completed
• • • • •
Qualmark Application Achieve Qualmark Status Entry into Horizon Business Excellence Awards Build online shop for merchandise Develop key commission partners
• • •
Completed Completed and Achieved Completed and won the Horizon Business in Excellence Award Completed and Mataatua now trading on line
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Delivering conferences and events locally
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Completed
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Ongoing development and maintenance of key relationships within wider community Collaborating with community organisations and businesses to deliver to the traveller / tourism market visiting the eastern Bay of Plenty
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Completed
Delivery • Identify shoulder season opportunities • Providing catering duties to conferences and events at Mataatua
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Completed
•
•
Completed
•
•
•
Build responsive website • Raise brand awareness Participation at expos and Trade events • Participate at local and national forums
•
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TE ARA POUTAMA
ACHIEVEMENTS 2014-2015 Ko Ngāti Awa Te Toki
TŪRANGAWAEWAE CULTURAL OUTCOMES • Pou Arataki (Guide) training on Te Tahi o Te Rangi and waahi tapu sites at Ohiwa, and explaining the waiata Te Tangi mo Matahina (July 2014) • Meetings with the Trustees of Opihi Whanaungakore and Ngāti Hokopu ki Wairaka delegate over appealing the Whakatāne District Council Plan (July 2014) • Discussion held with kaumātua of Tauranga Moana on the placing of mauri rocks at Te Whare Maiangiangi, the Māori Mental Health Unit, to embrace the tribal boundaries of Mataatua (July 2014) • Bay of Plenty Tourism provided with Ngāti Awa history re Whakaari to be included as promotion of Whakaari as a tourism attraction (Aug 2014) • Preparation of cultural histories on Waiewe, Wairere, Otuawhaki and Te Toka a Tatau for engagement with Whakatāne District Council (Aug 2014) • Ko Ngāti Awa te Toki Festival held Labour Weekend (Oct 2014) • Establishing the waahi tapu sites at Pupuaruhe, Toitoihuia, Papaka Ngahorohoro, Te Awa o Orini and its taniwha in relation to siting of a greenwaste facility by Whakatāne District Council (Oct 2014)
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
LEADERSHIP OUTCOMES • Meetings with the Trustees of Opihi Whanaungakore over appealing the Whakatāne District Council Plan (July 2014) • Application made to the Historic Places Trust for the ownership of a hinaki found during excavation of the Kohika collection (July 2014) • Meeting held with Te Tawera, Ngāti Hikakino, Te Rangihouhiri 11 and Taiwhakaea over the Tarawera River Management Plan (Aug 2014) • Ngāti Awa te Toki Festival held Labour Weekend (Oct 2014) • Ngāti Awa Kuia Harvest at Moutohora (Nov 2014) • Rūnanga attends discussions with Whakatāne District Council on the Heritage Trail (Jan 2015) • Rūnanga attends Māori Land Court hearing over ownership of taonga (Feb 2015) • Rūnanga attends Taiwhakaea Hui to discuss the Customary Marine Title application by Ngāti Awa (Feb 2015) • Ngāti Awa Te Tiriti o Waitangi Exhibition opens (June 2015)
ENVIRONMENTAL OUTCOMES • Discussions held with BOPRC re Spatial Planning Aspirations for Ngāti Awa (July 2014) • Hui with Opihi Whanaunga Kore on Whakatane District Plan Appeals and Geotech Investigations of the Opihi Block (July 2014) • Attended the Ohiwa Harbour Strategy Group Meeting in Opotiki (Aug 2014) • Environment Court Hearing on the Motiti Island Environmental Management Plan in Tauranga (Sept 2014) • Submitted on the Te Ara o Rangitaiki document formulated by the Rangitaiki River Forum and BOPRC (Oct 2014) • Meeting with Ngāti Hokopu ki Hokowhitu and WDC regarding WDCs Keepa Road Greenwaste Proposal (Oct 2014) • Planning meeting with Whakatane District Council regarding the Pohaturoa Memorial Shelter (Nov 2014) • Māori Land Court decision on Otaramuturangi urupa ruled in favour of Ngāti Awas submission and ordered the decision made in 1963 be cancelled and a meeting be called to re-elect the appropriate trustees (Dec 2014) • Hearing for Taonga Tuturu (ko) at Whakatāne District Court (Feb 2015) • WDC Meeting & Site Visit of the 12 Heritage Hikoi sites (Apr 2015) • Customary Marine Title application, scoping workshops with hapū begins (May 2015)
WELLBEING OUTCOMES • Employment of Development Manager to implement the Ngāti Awa Education Strategy (July 2014) • Revised the Ngāti Awa Education Strategy , Te Reo Rautaki, Te Ara Poutama and Ngāti Awa te Toki and plan implementation into schools (July 2014) • Plan formulated for Early Childhood through to Tertiary level for implementing the Ngāti Awa Education Strategy throughout the rohe(Aug 2014) • Collation of the histories of the Ngāti Awa members that were recruited to fight in WW1 begins (Aug 2014) • Notification received from Ministry of Culture and Heritage on the hinaki found during the Kohika excavation (Aug 2014) • Ngāti Awa te Toki held Labour Weekend (Oct 2014) • Formulation of Ngā Tapuwae series of Wānanga following the journey of Awanuiārangi 1 (Nov 2014) • Ngāti Awa Kuia Harvest at Moutohora (Nov 2014) “Ngāti Awa Te Toki tangatanga i te ra te ngohengohe i te wai” We are the adze whose bindings will not be loosed by the rays of the sun or tears of the rain
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TŪ PAKARI • Attended three tangihanga (Sept 2014) • Discussions held to support Te Ati Awa on the reawakening of the wharenui Ngā Manu ā Tāne (Sept 2014) • Collating information for RENA submissions for Te Patuwai and the Rūnanga for presentation to Environment hearing (Oct 2014) • TRoNA attendance at four tangi (Oct 2014) • TRoNA attended eight tangi (Nov 2014) • TRoNA attended a tangi and unveiling (Dec 2014) • TRoNA attended three tangi (Feb 2015) • TRoNA attended one tangi (May 2015)
CULTURAL OUTCOMES • Meeting held with Ngāti Ranginui relating to Ngāti Taka, Ngāti Hineawai, Ngāti Kauae re research relating to the four Te Pirirakau marae, Te Paparoa, Tutereinga, Poututerangi and Omokoroa (July 2014) • Held discussions with board members and management and elders at Whare Wānanga o Wairaka re the spring called Te Wai Inu Roa o Wairaka and the proposed development at Unitec (July 2014) • Revised the Ngāti Awa Education Strategy , Te Reo Rautaki, Te Ara Poutama and Ngāti Awa te Toki and plan implementation into schools (July 2014) • Participated in the Māori Television program Tautohetohe where Ngāti Awa became national champions (July 2014) • Participated in the Whaikōrero documentary series at Māori TV on the art and skill or oratory and using tokotoko and whakapapan (July 2014) • Undertook work and research with the Ministry of Culture Heritage Museum on the Keith Channon Collection (July 2014) • Attended Ngāti Hikakino, Te Rangihouhiri 11, and Te Patuwai hapū hui (July 2014) • Attended Te Uru Taumata, Tāneatua to discuss amongst other things Tūhoe’s settlement, and 40 year health vision (July 2014) • Attended MOU hui between Te Whare Wānanga o Awanuiarangi and the BOP District Health Board (July 2014) * Attended five tangi (Aug 2014) • Attended Ngāti Awa ki Poneke hapū hui (Aug 2014) • Attended Judges Selection Day, Te Matatini 2015 (Aug 2014) • Developing relationships with Ngāti Kahu and Waimarino Adventure Park (Aug 2014) • Developed resource materials for Ngāti Awa te Toki Festival (Aug 2014)
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
LEADERSHIP OUTCOMES • Hosted Scion Research at Mataatua (July 2014) • Rūnanga visit to Ngāti Awa ki Poneke (Aug 2014) • Kahui Kaumatua meet with Te Ururoa Flavell and others (Aug 2014) • Hosted the Te Ture Whenua Hou Māori engagement at Rūnanga Office (Aug 2014) • Rūnanga attends opening of Ngāti Makino wharekai (Aug 2014) • Rūnanga officiates at the Waiariki Parliamentary Candidates Debate (Sept 2014) • Mataatua hosted Shandong Province (China) Investor Delegation with John Delamere (Sept 2014) • Attendance at Education Wananga (Nov 2014) • Attendance at Ohiwa Harbour Implementation Hui (Nov 2014) • Rūnanga attendance at Iwi Leaders Freshwater Forum held at Mataatua (Nov 2014) • Rūnanga hosts Qantas Senior Management at Ngāti Awa Heritage Estate (Nov 2014) • Rūnanga attendance at the Horizon Energy Business Awards – Mataatua received the Award for Small Business 2014 (Nov 2014) • Rūnanga attendance at the Iwi Leaders Forum Te Puia (Nov 2014) • Ngāti Awa AGM (Dec 2014)
• Rūnanga attendance at Iwi Leaders Freshwater Hui (Jan 2015) • Rūnanga attendance Iwi Leaders Social Housing Hui in Wellington (Jan 2015) • Rūnanga attends launch of Chatham Air service in Whakatāne (Jan 2015) • Rūnanga attendance at Taiwanese Business Delegation hui held at Mataatua (Feb 2015) • Mataatua receives Qualmark accreditation (Feb 2015) • Rūnanga attendance at Iwi Leaders Social Housing Hui held in Wellington (Mar 2015) • Attendance at Te Taitokerau Ngā Tapuwae wānanga (Mar 2015) • Attendance at Awanuiārangi Graduation (May 2015) • Rūnanga opens the Ngāti Awa World War 1 Exhibition (May 2015) • Attendance at Te Patuwai Kaumatua Hui (May 2015) • Attendance at Te Ohu Kaimoana Restructuring Hui (May and Jun 2015)
ENVIRONMENTAL OUTCOMES • Whakatāne Council District Plan Appeal (July 2014) • Meeting with BOPRC re Proposed Coastal Plan and the Siginificant Indigenous Biodiversity site on Piripai (Aug 2014) • Environment Court Hearing on the Motiti Island Environmental Management Plan in Tauranga (Sept 2014) • Mediation begins on the Whakatāne District Plan Appeals (Oct 2014) • Host a hui a hapu regarding the Whakatāne District Councils Quay Street Wharf Proposal (Oct 2014) • Meeting with BECA regarding TRoNAs submission points on the MV Rena (Oct 2014) • Meeting with Ngāti Hokopu ki Hokowhitu and WDC regarding WDCs Keepa Road Greenwaste Proposal (Oct 2014) • Planning meeting with Whakatāne District Council regarding the Pohaturoa WW1 Memorial Shelter (Nov 2014) • TRoNA begins hosting Hapu hui and workshops on the MV Rena submission (Nov 2014) • Māori Land Court decision on Otaramuturangi urupa ruled in favour of Ngāti Awas submission and ordered the decision made in 1963 be cancelled and a meeting be called to re-elect the appropriate trustees (Dec 2014) • Attend meeting at Unitec Campus in Auckland regarding Owairaka Stream and the Resource Consent conditions of the development (Feb 2015) • Meeting with Opus regarding the proposed Wainui Road Cycleway (Mar 2015)
WELLBEING OUTCOMES • Undertook work and research with the Auckland Museum on the Keith Channon Collection (July 2014) • Revised the Ngāti Awa Education Strategy , Te Reo Rautaki, Te Ara Poutama and Ngāti Awa te Toki and plan implementation into schools (July 2014) • Collaborative relationships established with Ministry of Education local and regional offices to support Ngāti Awa Education Strategy (Aug 2014) • Meetings held with Kohanga Reo to introduce the Ngāti Awa Education Strategy (Aug 2014) • Meeting held with the Head of Undergraduate studies Te Wānanga o Awanuiārangi to discuss Ngāti Awa Education (Aug 2014) • Conservation Report on Mataatua Wharenui commissioned Stage One (Aug 2014) • Feasibility on using Te Aranui – a registration database developed specifically for Māori t replace current system is undertaken (Aug 2014) • Formulated Ngā Pūrakau o Ngāti Awa to develop reading resources using Ngāti Awa stories (Sept 2014) • Meeting with Te Teko, Paroa and Apanui schools over incorporating Ngāti Awatanga into the schools curriculum and alignment with the Ngāti Awa Education Strategy (Sept 2014) • Meeting held with Ministry of Education Early Learning Taskforce to progress the interests of Ngāti Awa (Oct 2014) • Five school within the rohe visited to introduce the Ngāti Awa Education Strategy (Oct 2014) • Development Manager attendance at Te Pae Roa Conference (Oct 2014) • Hui Whakanukunuku Wānanga (revisioning education for Ngāti Awa) held at Mataatua (Nov 2014) • Participated in the interview process for new Principal at Te Kura o Te Paroa (Oct 2014) • Planning for Ngā Tapuwae Wānanga for 2015 underway (Nov 2014) • Application made to the Māori Land Court to determine ownership of the ko found in Pohutukawa Ave, Ohope in 2004 (Feb 2015) • Decision made to propose that Te Aranui replace the current Ngāti Awa registration database (Feb 2015)
• Attend the beginnin2g of the Regional Council Proposed Regional Coastal Plan Hearings (Mar 2015) • Customary Marine Title application, scoping workshops with hapu begin (may 2015) • Discuss with BOPRC Cultural Monitor and Iwi representation on the Kopeopeo PSG discussions (Jun 2015)
In Commemoration of Te Kupenga & World War 1
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TOI ORA CULTURAL OUTCOMES • TRoNA attended six tangi July 2014 • Held karakia on nine separate occasions for organisations and individuals (July 2014) • Presentation to students of Te Tari Puna o Aotearoa Ngāti Awa history and mana whenua concepts (July 2014) • Attended three hapū hui Ngāti Rangihouhiri, Te Patuwai and Hikakino (Aug 2014) • Attended five tangi (Aug 2014) • Held karakia on five separate occasions for organisations and individuals (Aug 2014) • Performed traditional iriiri over 26 tamariki at Wairere Falls (Aug 2014) • Mataatua hosted Kaingaroa Forest School (Sept 2014) • Mataatua hosted BOP District Health Board Governance Meeting (Sept 2014) • Mataatua hosted Whakatane High School Degustation Event (Sept 2014) • Mataatua hosted Te Whanau a Apanui Kaumātua (Sept 2014) • Attended three tangi (Sept 2014) • Held karakia on six separate occasions for organisations and individuals (Sept 2014) • Providing cultural advice to the Purakau o Ngāti Awa writers forum and engagement (Sept 2014) • Ko Ngāti Awa te Toki Festival held Labour Weekend (Oct 2014) • Attended four tangi (Oct 2014) • Karakia performed on seven separate occasions for organisations and individuals (Oct 2014) • Officiated at the Rangitaiki Kapahaka Festival (Oct 2014) • Facilitated Hui Whakanukunuku (Nov 2014) • TRoNA attended eight tangi (Nov 2014) • Performed karakia on six separate occasions for organisations and individuals (Nov 2014) • Removal of the Tarakiuta and Tarakitai from
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
• • • • • • •
Mataatua wharenui for restoration and conservation purposes (Nov 2014) Ngāti Awa Kuia Harvest held on Moutohora (Nov 2014) Provided input into the website “Walking in the Footprints of the Ancestors” (Dec 2014) Attended a tangi and unveiling (Dec 2014) Performed karakia on eight separate occasions for organisations and individuals (Dec 2014) Complete planning for Ngā Tapuwae wānanga series commencing 2015 (Dec 2014) Ngā Tapuwae wānanga held in Mitimiti (Te Tai Tokerau), Mangere (Tamaki Makaurau), and Unitec (Owairaka) (2015) Presentations to Ngāti Whatua, Te Wai o Hua, Te Kawenga o Maki, Ngāti Paoa, Ngai Tai, and the whanau of Te Whare o Wairaka on Ngāti Awa history pertaining to Te Puna o Wairaka (2015)
LEADERSHIP OUTCOMES • Attended the Māori Health Rūnanga hui representing Ngāti Awa (July 2014) • Implemented a process for removing the “Tarakiuta and Tarakitai” from Mataatua Wharenui for repair and conservation (July 2014) • Developing relationships with Tourism NZ to engage 18 other iwi in the BOP to further collective tourism interests (July 2014) • Mataatua hosts Kim Dot Com and the Mana Internet Party (Aug 2014) • Ngāti Awa te Toki planning commences (Aug 2014) • Rūnanga attendance at Te Pou Mataato Wānanga (Aug 2014) • Ngāti Awa te Toki Festival held Labour Weekend (Oct 2014) • Ngāti Awa Kuia Harvest held on Moutohora (Nov 2014) • Mataatua hosts Wearable Arts Show (Mar 2015) • Ngā Tapuwae wānanga held in Mitimiti (Te Tai Tokerau), Mangere (Tamaki Makaurau), and Unitec (Owairaka) (2015) • Ngāti Awa pilots the ANZ Financial Literacy Programme (May 2015) • Attendance at Ngakau Mahaki o Wairaka – Wānanga (May 2015) • Jim Mather, Rūnanga of Te Wānanga o Aotearoa presents his PhD thesis to Ngāti Awa (Jun 2015)
WELLBEING OUTCOMES
ENVIRONMENTAL OUTCOMES • Awarapatuna Wetlands - Awanuiārangi Masters Students Field Trip (July 2014) • Discussion with Harrison Grierson on the Ohope Stormwater Flood Mitigation Project (July 2014) • Hui held with BOPRC regarding the Kopeopeo Canal Remediation Project (Aug 2014) • Meeting with Opus regarding Wainui Te Whara works (Sept 2014) • Wānanga begin at Te Mānuka Tūtahi for Kuia Harvest Project, Moutohora (Nov 2014) • Qantas visit Ngāti Awa Farm (Nov 2014) • Meeting with Opus and WDC to discuss the Cultural Trail and Pohaturoa and Environs (Jan 2015) • Thornton nohoanga site visit with DOC. Negotiations underway to develop the site into a functioning nohoanga for the benefit of Ngāti Awa (Mar 2015) • Meet with Opus regarding the McAlister St Pump Station Upgrade and the cultural impact considerations (Mar 2015) • Meeting with Opus regarding the proposed Wainui Road Cycleway (Mar 2015) • Whakatāne Kiwi Trust meeting at BOPRC to discuss ongoing partnership and collaboration (Jun 2015)
Wira Gardiner at the opening of the Rūnanga WW1 Exhibition held in April 2015. The exhibition highlighted and commemorated the contribution Ngāti Awa made to the war effort where over 90 Ngāti Awa men enlisted into the war.
• Mataatua hosted Australian School visit (July 2014) • Held pohiri for new podiatrist at Whakatāne Hospital (July 2014) • Participated in official ceremony of the construction of a sand mandala and cultural exchange with Tibetan monks and staff of Te Koputu (July 2014) • Assisted in the appointment of new trustees for Te Whare Manaaki based in Te Teko (July 2014) • Ngāti Awa represented at the pohiri for students of Ngāti Whare, Miniginui for cultural training and history relating to Ngāti Whare and their connections to Ngāti Awa (Sept 2014) • Media engagement with Māori TV over moteatea and waiata of Ngāti Awa (Sept 2014) • Contribution made to Māori TV program Te Teepu giving a Ngāti Awa perspective on Manu Kōrero (Sept 2014) • Pouroto Ngaropo selected as Judge at Te Matatini 2014 (Sept 2014) • Contribution to research on Mate Māori and Makutu Māori and Matakite (Sept 2014) • Ngāti Awa te Toki Festival held Labour Weekend (Oct 2014) • Contributed to the Bay of Plenty Regional Council Treaty of Waitangi Workshop (Nov 2014) • Attendance at the Horizon Energy Business Awards – Mataatua received the Award for Small Business 2014 (Nov 2014) • First series of Ngā Pūrakau stories commissioned from Ngāti Awa writers (Jan 2015) • Ngā Tapuwae wānanga held in Mitimiti (Te Tai Tokerau) (Mar 2015) • Ngā Tapuwae wānanga held in Mangere (Tamaki Makaurau) (Apr 2015) • Ngā Tapuwae Wānanga - Ngakau Mahaki o Wairaka held (May 2015) • Ngā Pūrakau 19 stories completed for publication (June 2015) • 99 stories completed of all Ngāti Awa personnel who fought in WW1 (Mar 2015 • World War 1 exhibition held (Apr 2015) • Funding applications made: • Ministry of Education for Ngā Pūrakau stories publication (Feb 2015) • Ministry of Education for Ngāti Awa Teacher Professional Development (Feb 2015) • Te Puni Korero – Ngāti Awa board game for tamariki (June 2015) • Ma te Reo funding for board game for Rangatahi and Mātua (June 2015) • Grants received: • Ministry of Culture and Heritage towards commemorating Te Tiriti o Waitangi (May 2015) • Sir John Logan Campbell Trust towards the WW1 exhibition (Feb 2015) • Eastern Bay Energy Trust towards the WW1 exhibition (Feb 2015) • BayTrust towards the mobile exhibition (Mar 2015) • WDC Whakatane Community Board towards the mobile exhibition space (2015) • Potter Memorial Trust towards mobile exhibition space and access targeting up to 18 year olds • Te Tiriti o Waitangi Exhbition held (June 2015)
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MAURI ORA CULTURAL OUTCOMES • Provided cultural advice on the intended rubbish plan by the Council on moving operations from Te Tahi St to Burma Road (July 2014) • Held discussions with board members and management and elders at Whare Wānanga o Wairaka re the spring called Te Wai Inu Roa o Wairaka and the proposed development at Unitec (July 2014) • Held meetings with the Trustees of Opihi Whanaungakore and Ngāti Hokopu ki Wairaka delegate over an appeal on Whakatane District Council Plan decisions (July 2014) • Developed history on Whakaari to ensure a Ngāti Awa perspective is included in Bay of Plenty Tourism promotion of Whakaari as a tourism attraction (Aug 2014) • Meeting held with Te Tawera, Ngāti Hikakino, Te Rangihouhiri 11 and Taiwhakaea over the Tarawera River Management Plan (Aug 2014) • Submission made on the Quay Street Wharf redevelopment proposal (Oct 2014) • Establishing the waahi tapu sites at Pupuaruhe, Toitoihuia, Papaka Ngahorohoro, Te Awa o Orini and its taniwha in relation to siting of a greenwaste facility by Whakatāne District Council (Oct 2014) • Participated in the opening of Wharaurangi (Oct 2014) • Officiated at the Iwi Leaders Freshwater Forum (Nov 2014) • Inputted into the Ohiwa Harbour Strategy to ensure alignment with Ngāti Awa tikanga (Nov 2014) • Provided the cultural component in relation to the stranding of pilot whales at Ohiwa Spit (Nov 2014) • Contributed to the Cultural Assessment of Wairaka Springs at Unitec (Dec 2014) • Supported DOC in relation to Te Taiao Karakia and the Ngāti Awa connection to Te Tahi o te Rangi (Dec 2014) • Presentations to Ngāti Whatua, Te Wai o Hua, Te Kawenga o Maki, Ngāti Paoa, Ngai Tai, and the whanau of Te Whare o Wairaka on Ngāti Awa history pertaining to Te Puna o Wairaka (2015)
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LEADERSHIP OUTCOMES • Met with Jetstar / Qantus to facilitate their use of the carbon credits offset from Ngāti Awa Heritage Estate (Oct 2014) • Mataatua hosted hui with Unitec officials and kaumātua over the development of Te Whare Wānanga o Wairaka and the Wairaka Spring (Sept 2014) • Submission made on the Quay Street Wharf redevelopment proposal (Oct 2014) • Participated in the opening of Wharaurangi (Oct 2014) • Rūnanga attendance at Ohiwa Harbour Implementation Hui (Nov 2014) • Meetings held with the Whakatāne District Council over the shelter redevelopment at Pohaturoa (Nov 2014) • Liaise with Opus on the Information panels at Wharaurangi (Nov 2014) • Rūnanga attendance at Iwi Leaders Freshwater Forum held at Mataatua (Nov 2014) • Ngāti Awa Kuia Harvest held on Moutohora (Nov 2014) • Rūnanga attends Taiwhakaea Hui to discuss the Customary Marine Title application by Ngāti Awa (Feb 2015)
ENVIRONMENTAL OUTCOMES • Attended OHIF Meeting with BOPRC regarding Marine Research Project (Sept 2014) • Environment Court Hearing on the Motiti Island Environmental Management Plan in Tauranga (Sept 2014) • Submission made on the Quay Street Wharf redevelopment proposal (Oct 2014) • Participated in the opening of Wharaurangi (Oct 2014) • Input provided into the Ohiwa Harbour Strategy to ensure alignment with Ngāti Awa tikanga (Nov 2014) • TRoNA begins hosting Hapū hui and workshops on the MV Rena submission (Nov 2014) • Meeting with DOC to discuss conservation aspirations of Ngāti Awa for 2015 (Feb 2015) • Attended symposium at BOPRC on Integrating Matauranga Māori and science for freshwater management (Feb 2015) • Rūnanga attends Taiwhakaea Hui to discuss the Customary Marine Title application by Ngāti Awa (Feb 2015)
WELLBEING OUTCOMES • Presentation to students of Te Tari Puna o Aotearoa Ngāti Awa history and mana whenua concepts (July 2014) • NARA provides historical information to support Ngāti Awa and hapū oppose the application to leave the MV Rena on Otaiti (Nov 2014) • In consultation with Ngāti Awa, Pohaturoa has been spruced up incorporating a covered walkway (Feb 2015) • The Gap renamed as Wharaurangi after strong submissions from Ngāti Awa members (Feb 2015) • Ngāti Awa Research and Archieves collating information on whenua and property in the Ngāti Awa rohe for research purposes (Feb 2015) • Removal of Tarakiuta and Tarakitai from Mataatua so that they can be conserved (April 2015)
As part of the customary marine title application, the Rūnanga consulted with coastal hapū in early 2015 to gather their perspectives and agreement to the application going forward.
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2015 NGĀTI AWA
TERTIARY EDUCATION 3 Scholarship Recipients Name Cynthia Pryor Charlotte Cull Tracey Takuira
Hapu Nga Maihi Te Patuwai Te Patuwai
Category Environmental Management Law & Commerce Matauranga Māori
Institute Te Whare Wānanga o Awanuiārangi University of Waikato Te Whare Wānanga o Awanuiarangi
Bachelor of Tourism Doctorate in Philosophy Bachelor in Sport and Recreation Masters of Māori and Pacific Development Bachelor of Science Biculturalism in Practise Bachelor of social work Bachelor of Teaching (Early childhood Education) Masters of Maori Studies Master of Maori Studies Post Graduate Diploma in Teaching ECE 1st year Masters Bachelor of Science Bachelor of surgery and medicine
The University of Waikato The University of Waikato Auckland University of Technology The University of Waikato
Jamie Allan
Bachelor of Mathematical Sciences
Auckland University of Technology
Peter Aukaha
Bachelor of Applied Social Service
Northland Polytechnic
Shonelle Iopata
Master of Māori/Indigenous Studies
Te Whare Wānanga o Awanuiārangi
Keli Ransfield
Diploma in Culinary Arts
Waiariki Institute of Technology,
Jenna Riddell
Certificate in Beauty Therapy Level 5
Bay of Plenty Polytechnic
Herewini Jean Tane
Bachelor of Health Science Maori (Nursing)
Te Whare Wānanga o Awanuiārangi
Polly Te Pou
Te Ohanga Mataora Paetahi: Bachelor of Health Science Maori (Nursing)
Te Whare Wānanga o Awanuiārangi
Jenny Wahapango-Kingi
Bachelor of Social Work Level 7
Te Wānanga o Aotearoa
Jordyn Wana
Bachelor of Nursing
Wintec, Waikato
Kerena Wano
Graduate Diploma of Teaching
The University of Waikato
Haupai Williams
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
99 Grant recipients NGĀ MAIHI Tasha Dimitrof Dara Dimitrov Grace Harper-Tierney Te Hau Paeroa Hona Waioira Mcleod William Tako Paul Kelsey Pryor Te Manaakitanga Pryor Bella Grace Rangiaho Elvina Rogers Keely-Shaye Salmon Turoa Antonia Yarnton
The University of Otago Te Wānanga o Aotearoa Te Tari Puna Ora o Aotearoa Te Whare Wānanga o Awanuiārangi Te Whare Wānanga o Awanuiārangi New Zealand Tertiary College The University of Auckland The University of Otago
NGAI TAIWHAKAEA
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| Annual Report 2015
NGAI TAMAPARE Tamahae Brown
Graduate Diploma in Teaching and Learning (Primary)
The University of Canterbury,
Tauhe Apihai
Applied Addictions Diploma level 6
Downie Stewart Foundation
Billy Jo Hunia
Bachelor of Computing and mathematical Sciences
The University of Waikato
Oliver Orme-Dudman
Bachelor of Design
Massey University
Quinta Selway-Kingi
Certificate in Hairdressing (Advanced)
Waiariki Institute of Technology
Eva Stone
New Zealand Diploma in counselling Level 6
Anamata
Cheryl Wilson
Te Tohu Toi Tangata : Bachelor of Humanities
Te Whare Wānanga o Awanuiārangi
Melevea Huihui
Masters of Professional studies in Education
The University of Auckland
Te Rina Mana-Tukaha
Graduate Diploma in Visual Arts
The University of Auckland
Guy Monika
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
Tamokai Monika
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
Larry Henry Moore
Certificate in Pre-Trade Carpentry Level 4 Trade Education
Rickie Lee Te Tai
Bachelor of Māori and Pacific Development
NGAI TAMAOKI
NGAI TAMAWERA
The University of Auckland
NGAI TE RANGIHOUHIRI Layne Harvey
Doctor of Philosophy
Auckland University of Technology
Quintin Kingi Kerr
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
Monica Pile-Marsters
Bachelor of Teaching - Huarahi Māori Medium
The University of Auckland
NGĀTI AWA KI TAMAKI MAKAURAU Kimiora Raerino
Doctorate in Philosophy
The University of Auckland
Mere Faulkner
Bachelor Matauranga Māori
Te Whare Wānanga o Awanuiārangi
Ngahaka Hei Hei
Bachelor of Social Work
Whitireia
Leyton Jackson
Diploma in Fashion Design and Practice Level 6
Wintec Waikato
Meremaihi Mahutoto
Bachelor of Science
The University of Auckland
Charyll Rota
Bachelor of Education Primary
Te Whare Wānanga o Awanuiārangi
Te Tai Pounamu Ruha
Bachelor of Management Studies
The University of Waikato
Aroha Ruha
Diploma applied addictions counselling
Downie Stewart Foundation
Ruihi Te Kowhai Shortland
Doctor of Philosophy - Indigenous Studies
Te Whare Wānanga o Awanuiārangi
Maata Young
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
TE PATUWAI
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NGĀTI HOKOPU KI TE WHARE O TOROA Edward Sykes
Bachelor of Management Studies
The University of Waikato
Vanessa Thompson
Bachelor of Education (Teaching)
Te Whare Wānanga o Awanuiārangi
NGĀTI HOKOPU KI TE HOKOWHITU A TU KI TE RAHUI Caitlin Balkin
Bachelor of Physiotherapy
The University of Otago
Rebecca Jaram
Bachelor of Education (Teaching)
Te Whare Wānanga o Awanuiārangi
Lorraine Maddigan-Ould
Diploma in Conveyancing Law Level 6
Bay of Plenty Polytechnic
Rangimakiri Rossiter
Certificate in Pre-Trade Carpentry Level 4 Trade Education
Tuawhiorangi Wharewera
Bachelor of Business
Auckland University of Technology
Erena Browne
Bachelor of medicine, bachelor of surgery
The University of Auckland
Uenukuterangihoka Jefferies
Bachelor of Management Studies
The University of Waikato
Lisa-Maree Mannington
Bachelor of Arts
Massey University
Reece McCauley-Walker
Bachelor of Teaching - Primary
The University of Waikato
Raquel Murphy
Bachelor of Health Science
Auckland University of Technology
Sophia Murphy
Masters of Environmental Studies
Victoria University of Wellington
Keanu Rua
Bachelor of commerce and law conjoint The University of Auckland
Mariva Jolene Tawa
Bachelor of Applied Science
Waiariki Institute of Technology
Nassah Te Kani-Green
Conjoint Bachelor of Commerce/ Bachelor of Arts
Victoria University of Wellington
Jaymie Wardlaw
Bachelor of Laws
The University of Waikato
Krystal Wirangi
Bachelor of Education (Early Childhood years)
Te Whare Wānanga o Awanuiārangi
Marama Cook
Bachelor of Humanities: Policy and Indigenous Studies
Te Whare Wānanga o Awanuiārangi
Nikora Heitia
Te Ahu Taiao; Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
Pikiao Merito
Bachelor of Teaching
Te Whare Wānanga o Awanuiārangi
Vicki Merito
Bachelor of Education Primary School Teacher
Te Whare Wānanga o Awanuiārangi
NGĀTI PUKEKO
NGĀTI RANGATAUA
TE TAWERA
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Mardi Chan
Te Rito Maioha
Bachelor of Teaching
Naomi Palmer
The University of Waikato
Bachelor of Sports and Leisure Studies
Beau Stowers
The University of Waikato
Masters of Teaching and Learning
Te Rūnanga o Ngāti Awa
| Annual Report 2015
TE PAHIPOTO Merenia Anderson
Bachelor of Education
Te Whare Wānanga o Awanuiārangi
Te Rongopai Clay
Bachelor of Nursing Year 2
Whitireia Community Polytechnic
Raina Angela Corbett
Bachelor of teaching - Early Childhood education
Waiariki Institute of Technology
Mereheeni Fox
Bachelor of Social Work (Biculturalism in Practice)
Te Wānanga o Aotearoa
Samantha Grace
Bachelor of Science
The University of Auckland
Diamond Henderson
Bachelor of Nursing Māori
Whitireia Community Polytechnic
Siobhon Marks
Bachelor Of Midwifery
Te Matapuna o Te Matauraka
Holly Mathews
Bachelor of Socail Work (Biculturalism in Practice)
Te Wānanga o Aotearoa
Hinetaapora Moko-Mead
Bachelor of Law, Bachelor of Arts
Victoria University of Wellington
Joseph Ngaheu
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
Melissa Niao
Bachelor of Medicine and Surgery
The University of Auckland
Marly Donna Perese
Bachelor of Education (Teaching)
Te Whare Wānanga o Awanuiārangi
Rewi Rogers
Bachelor of law and arts
The University of Auckland
Bella Arapera Savage
Masters in Applied Indigenous Studies
Te Wānanga o Aotearoa
Erueti Simpson
Bachelor of Science
The University of Waikato
Marree Sylva
Bachelor of Arts
The University of Waikato
Veronica Waiari
Bachelor of Business
The Open Polytechnic
Sasu Wihapi
Bachelor of Teaching (Primary)
The University of Waikato
Bachelor of Arts conjoint Bachelor of Law
The University of Auckland
Bachelor of Health Science
Auckland University of Technology
Bachelor of Environmental Studies
Te Whare Wānanga o Awanuiārangi
WARAHOE Danielle Crawford
NGĀTI HIKAKINO Jade Westrupp
NGĀTI HAMUA Leanne Wikeepa
TE KAHUPĀKE Tahangawari Tangitu-Huata
Master of Arts in Te Reo and Tikanga The University of Waikato
Jessica Wiperi
Diploma in Business for Accounting Technicians
Christchurch Polytechnic Institute of Technology
Grace Abbott
Bachelor of Laws/Bachelor of Arts conjoint degree
The University of Auckland
Shayden Bell
Bachelor of Dental Surgery
The University of Otago
WHAREPAIA
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DEVELOPMENT
NGĀTI AWA TE WHARE WĀNANGA O AWANUIĀRANGI Tēnā koutou e ngā kārangaranga maha o ngā hau e whā, ngā manuhiri tūarangi o ngā iwi taketake huri noa i te Ao, tēnā koutou katoa. As Acting Chief Executive Officer, I am honoured to present this report highlighting our key accomplishments for 2014. I acknowledge Distinguished Professor Graham Hingangaroa Smith who retired as CEO in March 2015 after leading the Wananga for the last 7 years. Through his incomparable leadership we have continued to ensure the mission of Awanuiārangi is paramount: “Rukuhia te mātauranga ki tōna hōhonutanga me tōna whānuitanga” - Pursue knowledge to its greatest depths and broadest horizons. We look forward to his continuing contributions in research and scholarship as a Distinguished Professor. Our key communities are Ngāti Awa, Mātaatua, te iwi Māori, the wider community and other indigenous nations world-wide. We have extensive relationships with over 300 marae across Aotearoa that are essential to informing our programme development. Our international community strategy builds and maintains relationships with first nations’ communities which maximise and enhance recognition of the quality of our teaching and research. This includes established research and graduate studies opportunities with our Canadian, American and Hawai’ian partners. We embrace education and research in a global environment where knowledge transfers occur across borders. The total number of Māori tauira enrolled in 2014 was 6,078. Approximately 1 in 4 (24.8%) affiliate to Mataatua, with the majority enrolled in an undergraduate degree programme. We expect and embed into our culture of learning that tauira graduate with the skills, knowledge and character to serve their whānau, hapū and iwi. The breadth of our learning provision is necessarily expansive and so our teaching extends from marae-centred community and entry-level programmes to post-graduate programmes at Masters and Doctoral levels. The focus of our post-graduate programmes is on the theme of Māori and indigenous knowledge benchmarked to
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a wider body of international indigenous research activity and qualifications as a basis for transforming the development and advancement of their communities. We continue to attract highly qualified and PBRF ranked academics, alongside of experienced professionals for our applied programmes as well as our senior leadership roles.In 2014 59% of our academic staff were research active. All of our staff continue to make important contributions to our communities whether it is as members of boards and committees or on the marae paepae. In addition, improving organisational culture has been a priority in 2014 with the co-construction and confirmation of ngā ūara (values) and an agreed set of behaviours and standards expected of our staff.
elevating tauira through education to acquire skills that are relevant to the workforce and society; applying new knowledge through research that has a positive impact on issues of significance to the iwi, hapū and whānau, New Zealand and to indigenous communities in the world; serving our communities by providing scholarly and professional expertise; and by embracing cultural citizen-ship, and a focus on reconnection, repatriation and ‘rurality’, to make a positive contribution to New Zealand as a whole. Professor Wiremu Doherty ACTING CHIEF EXECUTIVE Tūhoe, Ngāti Awa PhD, BA(Hons), BSocSc, Dip Teach
2014 was a challenging year for Awanuiārangi. In response we updated our own internal audit processes with a focus on risk management. We also completed a review of our Academic Board. Three new Professors were appointed in 2014 to lead and teach on our programmes along with a new Academic Registrar with tertiary sector experience. Our Registry processes have also been enhanced and the centralisation of programme administration to Academic Registry and a new online learning structure and supporting roles remain important ongoing projects. We have also improved academic delivery compliance and control systems, as well as procurement and contract management policies. In 2015 our focus continued with quality improvement where two further comprehensive 360 programme reviews on the Bachelors of Education and Environmental Studies. These reviews were completed by highly qualified and experienced external reviewers who utilised the MMEQA evaluative framework. In 2016 Awanuiārangi will have a dual focus on protecting our unique educational contribution and the long-term sustainability of the organisation through programme portfolio diversification and pathways and investing in quality. These improvements will enable Awanuiārangi to continue to contribute to our diverse communities through lifting educational outcomes by producing tauira with a formal qualification and degree pathway;
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TE REO IRIRANGI O TE MĀNUKA TUTAHI TRUST Nga Reo Irirangi Rua Nga Papa Matinga Rua Karere Iwi Te Paetae - Kia Whakatairanga I Te Reo Me Ona Tikanga E ngā reo, e ngā pūwānanga, e ngā kārangaranga maha –tēnā tātau e kōrerohia tonutia tō tātau reo rangatira e ora tonu ai ō tātau ahurea taketake. Kei te mihi rā ki ngā reo reiuru me ngā reo rauriki e arero tonu ana ngā kupu e whai take ana i nga wawata o ngā tīpuna o neherā. Hei ngā mahara o mua mai nā Ranginui rāua ko Papatūānuku te putanga o te reo o te ira atua me te ira tangata i te ao tūroa e kawe tonu ana i a tātau i tēnei ao hurihuri e kii nei te kōrero: ‘ko te kai a te rangatira he kōrero ko te kai a te āriki he aro puku’. Me mihi tātau ngā māngai ora ki ō tātau tini mate e hingahinga nei i runga i ngā marae ātea o te motu āpiti hono tātai hono rātau te hunga mate ki a rātau anō āpiti hono tātai hono tātau te hunga ora ki a tātau tēnā koutou tēnā koutou tēnā tātau katoa. Ko tōku reo tōku ohooho, ko tōku reo tōku mapihi mauria.
Broadcast
Te Reo Irirangi o Te Mānuka Tūtahi Trust continues to promote te reo me ona nga tikanga in our community on the various platforms of Tumeke FM, Sun FM, Pu Kaea and digitially online. All mediums have distinct stragegies for targeting the various demographics for our community to ensure relevant delivery and promotion of te reo. Tumeke FM continues to provide daily regional news bulletins for the iwi radio network, providing positive and informative news stories of Ngāti Awa and the wider Mataatua communities of interest. A broadcast partnership has been developed with Te Whare Wānanga o Awanuiārangi providing engaging content that touches on rangahau. A regular slot on Sunday mornings hosted by Wānanga pukenga and academics to enrich the use of spoken Māori across our communities is also planned. Research has demonstrated that exposure to spoken Māori for learners and intermediate level speakers assists in the retention of te reo. Accordingly, Sun FM continues with its mission to normalise te reo Māori subtly to the wider community that have limited or no knowledge of the language. We have had a very positive result since refining our broadcast strategy with: • Significant increase in businesses wanting to use te reo to promote their business and services • Increase in audience share which means an increase in exposure to te reo • Increase of foot traffic to our premises • Increase in community engagement with onsite broadcasts or presence • Working as a collective with our licence holder and other entities of Ngāti Awa to better inform our audience • Improving our image internally and externally with premises upgrades and new merchandise • Encouraging a healthy lifestyle within our staff by providing fitness classes and fruit Pu Kaea continues to be published, one of the few remaining tribal newspapers still in production. Local community engagement, promotions and sales Community engagement plays a key role brand development at local events. Live broadcasts, on site promotions with clients, interviews and a presence at important events including Ngāti Awa Te Toki, Te Kupenga, Te Tarata, Te Whare Wānanga o Awanuiārangi Graduation, Ngāti Awa Hapū Challenge and the ANZAC commemorations all contribute to maintaining an essential profile in the various communities of interest that we serve. We also support our whanaunga like Moana AM broadcasting the National Secondary school Kapa haka, sponsorship of the Whakatāne Business Excellence Awards – Leadership Award, Opotiki Rodeo 2015 and
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expensive business and the care, maintenance and replacement of equipment remains a significant and on-going regular cost.
Challenges
As in previous years there are a number of important challenges that include:
• High costs of broadcast equipment, its repair
Mortal Kombat Fight Night. Tumeke and Sun FM advertising and promotions continue to grow with new key clients coming on board over the past 12 months. As a result sales across both stations have increased. Funding was also secured for a Smart Phone Application designed to bring elements of our culture into the evolving realm of technology. The app will assist in the learning of himene, pānui, waiata and karakia. Meantime, our kaumātua video archival project remains an ongoing work in progress.
Financial performance
In 2015 the Trust received the first annual increase in operational funding for some years. This improvement was as a result of the efforts of the then Minister of Māori Affairs, the Hon. Pita Sharples following intensive lobbying over several years by the Iwi Radio Network. Total expenses were $832,457 ($665,071) leaving a modest cash surplus for the year ended 30 June 2015 of $22,469 (deficit $35,181) after depreciation of $41,721, mostly on broadcasting and computer equipment, was deducted. Income since balance date has declined due the drop in commodity prices with the effects being felt in corresponding reductions in advertising revenue from retail, automotive and service providers generally. This underscores the fickle nature of advertising and its instability when the market changes. Employee costs also increased in order to retain staff in a highly competitive environment. Assets were $444,709 ($365,675) with liabilities of $238,039 leaving net assets of $206, 670. While income rose, it is important to emphasise that similarly expenditure increased by $167,386 which is largely made up of the purchase of replacement broadcasting equipment, community engagement, staff and accounting costs. As foreshadowed, broadcasting remains an extremely
and maintenance, as well as limited lives • Securing, training and retaining skilled staff • Uncertainty over the Putāuaki transmission tower • Reduction in spend from local business as a result of the drop in commodity prices • Lack of resources to complete projects including Kaumātua video and further iwi engagement Without the support of our licence holder, Te Rūnanga o Ngāti Awa, many of the initiatives we have undertaken would not have been possible. I would like to formally acknowledge the original and ongoing support we continue to receive from the iwi and their encouragement of the promotion of our language and culture. Our trustees are also integral to our function as a trust. They regularly give of their time and energy to support management and staff, to provide advice and encouragement and to participate in the many projects and initiatives that we as a business are involved with.
Conclusion
Further challenges remain on the horizon including the impact of the revised Matawai proposal now before Parliament. As a member of the iwi Radio Network we need to carefully consider the implications of this initiative and its potential effects. In conclusion, overall, the year has been positive for our audience and stakeholders, our staff and the Trust. The survival and retention of te reo Māori me ona tikanga remains our principal focus. We are constantly seeking innovative ways to provide responsive and relevant broadcasts to our communities. Finally, I would like to thank our audience, our clients and the iwi for their continuing support. Ngā mihi mahana ki a koutou katoa
In Commemoration of Te Kupenga & World War 1
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TE TOHU O TE ORA O NGĀTI AWA Te Tohu O Te Ora O Ngāti Awa remains committed to improving the wellbeing of Ngāti Awa whānau, hapū and Iwi, and of others living within the Ngāti Awa rohe. Reflecting on the past 12 months, it is apparent that while we strive to work with whanau to ensure they achieve ultimate wellbeing and independence, government strategy and policy combined with other external factors continue to impact on the realisation of this goal for many of our whānau. Service delivery is underpinned by the vision set by the Board, Te Pou Mataaho (ultimate wellbeing). Inherent to Te Pou Mataaho are four Pou: Te Pou Ihorangi o Papatuanuku (spiritual and cultural wellbeing), Te Pou Tataiwhakaheke o Hineahuone (whakapapa), Te Pou o Hinetitama (turangawaewae) and Te Pou Ao Turoa (the world around us). Services have integrated these dimensions when working with whanau and into service delivery processes such as intake, assessment and care plans. Albeit Te Pou Mataaho is our vision and intrinsic to the culture of the organisation, our commitment to Te Ara Poutama and contributing to four strategies, has not waivered. The contribution we have made to implementation of the strategies this year included:
Cultural Strategy Outcomes • • • • • • •
Continued to support karakia and waiata each morning for staff Whakatau and poroporoaki practices embedded by the organisation Attended Ngāti Awa tangihanga Supported Ngāti Awa Te Toki Attended the Ngāti Awa Commemorations Supported Ngāti Awa staff to participate in the Nga Tapuwae o Awanuiārangi journey Focussed upon employing Ngāti Awa
Leadership Strategy Outcomes • •
• • • •
Ngāti Awa Auahi Kore 2020 Negotiated with funders a move from cluster based Social Workers in Schools delivery model to establishing a pool of social workers strengthening the overall delivery of services to tamariki and their whanau Participated in the Children’s Team Local Governance and Working Group Worked with Paediatrician and Eastern Bay of Plenty PHA to implement the Blis Rheumatic Fever Trial Project into three local schools Commencement of the project looking at the establishment of Teen Parent Unit Participated in Health Promotion Agency Think Tank
Resource Strategy Outcomes • • • •
Kopeopeo Canal Contamination Remediation Project: Representative on Steering Group Supported hapū and Iwi Implementation of IT refresh project Reviewed overhead costs and implement measures that support reduction in specific overhead costs
Wellbeing Strategy Outcomes • • • • • •
Ngāti Awa Hapū Challenge Waka Hourua Suicide Prevention Project Ngāti Awa 12 Week Challenge Attended consultation hui on Prevention of Family Violence on Māori Women Extended Social Workers in Schools Programme to the Whakatāne Intermediate Implementation of Blis Rheumatic Fever Project into Te Kura o Te Pāroa, Te Kura Kaupapa o Te Orini and James Street Primary School
As the government intensifies its focus on ensuring value for money from their investments, we have concentrated on ensuring we meet contractual obligations and more importantly ensuring the work we do makes a difference for the whanau we work with. Reviews of services are
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
being implemented by government as part of their policy and strategy to ensure they are getting value for money and a difference is being made for whānau. The realignment process which has been implemented for smoking cessation services and the implementation of the Community Investment Strategy by the Ministry of Social Development are strategies supporting the government’s direction. Contract funding remains the same as it did four years ago with little or no increase across services. Costs of service delivery has increased due to rising prices for goods and services. Te Tohu O Te Ora O Ngāti Awa has this year completed reviews of some of our business functions with a view to reduce expenditure in high cost areas while at the same time ensuring the operations of the organisation were not compromised. As a result of the reviews, Te Tohu O Te Ora O Ngāti Awa: • • • •
Integrated leased vehicles into our fleet reducing costs associated with vehicles Implemented an IT (information technology) refresh project focused on upgrading hardware and software Worked with Te Whare Wānanga o Awaniārangi to host our server reducing the ongoing costs associated with owning a server Changed mobile phone and telephone suppliers to reduce costs.
effectively and efficiently and are able to meet the requirements of our funders is crucial for Te Tohu O Te Ora O Ngāti Awa. Albeit funding does not include capital such as IT, in order to ensure operations are effective and efficient, IT is a critical part of our business. In February 2015 the organisation commenced implementation of its information technology project. Not only have we upgraded hardware and software, we have worked with Te Wānanga o Awanuiārangi to have our server hosted on their system reducing ongoing costs for the organisation of owning a server. While it has been a positive year for the organisation with our involvement in key projects and activities, and the achievements made by whanau we work with, implementation of government policy by its agencies has been challenging. Moving forward we do not see the environment changing. Indications given the current climate is that the number of providers nationally will decrease as the government continue to implement their policies. The strategies Te Tohu O Te Ora O Ngāti Awa have implemented this year have been to ensure we are able to maintain our place in an ever changing landscape.
Information technology continues to be a huge cost for the organisation and has been a key focus for the organisation. The need to ensure we are able to operate
In Commemoration of Te Kupenga & World War 1
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TE RŪNANGA O NGĀTI AWA
CHAIRMANS REPORT
Paul Quin 42
Te Rūnanga o Ngāti Awa
| Annual Report 2015
Sir Wira, Dr Hohepa and Waaka have guided the commercial activities of the organisation since NAGHL and NAAHL were first established following the settlement of our Treaty of Waitangi claim. In that time, they have more than doubled the Group’s total assets to well over $100 million. This is an exceptional achievement when considered against the background of uncertain times that have occurred during their stewardship, in particular, the Global Financial Crisis during 2008 and 2009. While we farewell these founding directors it is pleasing to be able to record we have not lost their wise counsel altogether. Sir Wira continues to provide me, as well as the board, with sage advice whenever it is needed. We are most fortunate in having someone of his experience available to us. Dr Hohepa, in his capacity as the TRONA Chairman, took up an ex-officio role while Waaka was appointed to the position of kaumatua to the boards. We were disappointed to lose the banking skill set of Brian, but due to other commitments, he decided to retire. We acknowledge his excellent contribution as Chairman of both the Investment and Audit Committees. In selecting the new board, the TRONA Appointments Committee appointed the full complement of seven directors, three of whom are independent. It is pleasing to be able to report that the new board is working hard on the iwi’s behalf, conscious of its responsibilities to manage the assets in a prudent, commercial and profitable basis.
FINANCIAL PERFORMANCE
NAGHL achieved an aggregated return of 3.80% for the financial year ended 30 June 2015. This is 3.2% down on last year’s Cash Return result of 7.0%. The net surplus declined from $6.4million in 2014 to $3.7million for the 2015 financial year, a reduction of $2.7million. The main contributor to the decline in profit has come from the farming operations. Both the Drystock Farm and the Dairy farms have encountered challenging times.
3.8%
The Drystock Farm profitability dropped to $31,500 (2014: $392,000). Similarly, the dairy farms dropped by $4.04million to a loss of $1.37million (2014: $2.67million). There were some increased profits to offset these losses which were predominantly in the property and forestry portfolios. Combined Assets of the commercial operations (including non controlling interests) increased from $98million last year to $101 million. The graphs below show the net surplus/deficit and return on investment by asset class.
Net Surplus by Asset
TRoN A
Therefore, it is appropriate that I, on behalf of my fellow directors and all of Ngāti Awa, take this opportunity to formally acknowledge the outstanding and dedicated service given by Sir Wira and his fellow founding NAGHL directors Dr Hohepa and Waaka.
early in the new calendar year. The board has also undertaken a review of all existing investments in a benchmarking exercise. It is likely that a number of existing, smaller fund holdings will be divested, particularly those where little trading occurs. One example of divestment was the termination of the contract with CO2 New Zealand Limited Partnership during the reporting period. This was done on agreed terms, resulting in no further capital commitment requirements going forward.
millions
At last year’s Te Rūnanga o Ngāti Awa Annual General Meeting, new directors were appointed to the boards of Ngāti Awa Group Holdings Limited (“NAGHL”) and Ngāti Awa Asset Holdings Limited (“NAAHL”). This followed the retirements of the Chairman, Sir Harawira Tiri Gardiner and director Brian Tunui; and the appointment to new roles for long serving directors Dr Hohepa Mason and Waaka Vercoe.
As such, the board has initiated a review of its Strategic Plan and will be in a position to present the Strategic Plan to TRONA for consideration
In Commemoration of Te Kupenga & World War 1
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Cash Return by Asset
FORESTRY
Below is a commentary on performance by asset class.
DAIRY FARMING
The 2014/2015 season was a tough season for the Tumurau and Ngakauroa dairy farms, as global dairy prices tumbled from their high of $8.40 per kg/ms in 2013/2014 to $4.40 in 2014/2015. This resulted in a net loss of $1.37million across the dairy platform for the year following on from the net surplus of $2.67million in 2013/2014. The current 2015/2016 season looks more promising, with a forecast payout of $4.60 and increased dividend income from the Fonterra shareholdings resulting in a forecast break even position for Ngakauroa and a smaller loss for Tumurau. During the year an additional 81 hectares of land was leased from the Umuhika Lands Trust to add to the Tumurau farming platform. This additional block provided the capacity to lift production from 321,800 kg of milk solids in 2013/2014 to 354,200 kg of milk solids in the 2014/2015 season. The lease arrangement with the Umuhika Lands Trust continues the strategic approach of engaging and partnering with Ngāti Awa lands trusts as we look to build the dairy platform. The reduced payout and drought conditions in early 2015 resulted in lower production figures for Ngakauroa, with production down to 218,800 kg of milk solids in 2014/2015 from 229,340 in 2013/2014.
Ngāti Awa Group Holdings still owns 8,384ha in forestry leases, which include Rotoehu (1495ha) and Kaingaroa (6889ha). The land is leased to Kaingaroa Timberlands for annual rental income of $1.1million. For the year ending 2015 the forests increased in value by $715,000, resulting in a cash return of 6.9%, compared to 6.1% in 2014. Adding the increase in value to the cash return generated, a Return on Investment of 11.3% Cash Return (2014: 9.1%).
6.9%
CARBON CREDITS
The Group continues to hold two carbon investments. The first is an investment in carbon credits provided by the Crown as part of its Kyoto commitments and are attached to the forestry land at Rotoehu and Kaingaroa. The second, relates to the plantation on the Ngāti Awa Heritage Estate, formerly operated in partnership with CO2 New Zealand. The carbon credits on the forest land at Rotoehu and Kaingaroa were revalued at year end to reflect the increase in the market price of carbon from $4.05 to $6.80. This resulted in a write back of $1.65million to the value of the carbon credits. During the year the contract with CO2 New Zealand for the management of the carbon forest on the Ngāti Awa Heritage Estate was terminated by mutual consent, and at no penalty to Ngāti Awa. The value of the investment remains at $0, and the Group are working with expert forestry consultants to determine the potential future economic benefit of the existing plantation on the Heritage Estate as we look to recover the losses recorded to date Cash Return on this project.
0%
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
FISH
The Fish quota is an intangible asset that provides an entitlement to certain quantities of fish. The asset has an indefinite life, is amortised and tested annually for impairment. Consistent with 2014, there was again no impairment to the value of this asset in 2015, however income was down. This resulted in a fall in profit of $80,000 to Cash Return $309,000 (2014: $389,000).
4.6%
Quota is traded through the Iwi Collective Partnership and Aotearoa Fisheries Ltd. The 2015 year generated a cash return of 4.60% compared to 6.0% in 2014.
The process of exiting the Cleary Wealth Management International portfolio continued during the 2014/2015 year, with realisations of $265,000 and further write downs of $318,000. The total remaining portfolio amounts to $712,900. The Westpac bond portfolio continued to perform solidly, returning 5.74% over the year, compared to 8.6% in 2014.
PROPERTY
The investment in the Direct Capital IV Private Equity Fund via the Manu Hou Limited Partnership in now 6 years into its 10 year lifecycle. The Fund continues to perform strongly with dividend income of $332,395 and capital gains of $153,905 resulting in a return of 8.06% over the year.
3.4%
While rents were consistent with 2014, the properties appreciated in value by $970,000. This is reflective of the stronger Cash Return property market over the last 12 months. Cash returns grew to 3.40% (2014: 3.0%) which is largely due to lower costs (eg. Repairs and Maintenance).
EQUITY AND FIXED INTEREST
CONCLUSION
The year has provided a mixed return with a fall in the net surplus to $3.7million (2014: $6.4million) and the return on assets of 3.80% (2014: 7.0%). However, despite this, the NAGHL combined asset value grew to $101million (2014: $98million). As mentioned earlier, we are reviewing the asset portfolio and returns in conjunction with our strategic plan. We are excited about the future and opportunities that lie ahead for NgÄ ti Awa Group Holdings Limited.
We have recorded strong returns across our equities and fixed interest investments over the past year, with a strengthening US economy driving growth in international, and domestic, share markets. A change of strategic approach resulted in a shift away from Australasian equities to a more internationalweighted equities portfolio with JB Were to reflect the relative weakness of the Australian economy and the improvement in the US economy. The overall JB Were fund increased from $14.1million to $16.4million during the year, a gain of $2.3million or 16.17%. This is an improvement from the 2013/2014 year where the fund increased $1.3million or 10.5%.
In Commemoration of Te Kupenga & World War 1
45
AUDITOR’S REPORT Independent Auditors’ Report to the members of Te Rūnanga o Ngāti Awa
Report on the Financial Statements We have audited the financial statements of Te Rūnanga o Ngāti Awa (the “Rūnanga”) on pages 51 to 82, which comprise the balance sheets as at 30 June 2015, and the statements of comprehensive income, statements of movement in equity, and statements of cash flows for the year then ended, and the notes to the financial statements that include a summary of significant accounting policies and other explanatory information, for both the Rūnanga and the Group. The Group comprises the Rūnanga and the entities it controlled at 30 June 2015 or from time to time during the financial year. Representatives’ Responsibility for the Financial Statements The Representatives are responsible for the preparation and fair presentation of financial statements in accordance with generally accepted accounting practice in New Zealand and for such internal controls as the Representatives determine are necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing (New Zealand) and International Standards on Auditing. These standards require that we comply with relevant ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider the internal controls relevant to the entity’s preparation of financial statements that present fairly the matters to which they relate, in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. We are independent of the Group. Our firm carries out other services for the Group in the areas of other assurance and advisory services. The provision of these other services has not impaired our independence.
46
Annual Report 2015
Te Rūnanga oPricewaterhouseCoopers Ngāti Awa | , 113 – 119 The Terrace, PO Box 243, Wellington 6140, New Zealand T: +64 (4) 462 7000, F: +64 (4) 462 7001, www.pwc.com/nz
Independent Auditors’ Report Te Rūnanga o Ngāti Awa
Opinion In our opinion, the financial statements on pages 51 to 82 present fairly, in all material respects, the financial position of the Rūnanga and the Group as at 30 June 2015, and their financial performance and cash flows for the year ended on that date in accordance with generally accepted accounting practice in New Zealand. Restriction on Use of our Report This report is made solely to the Rūnanga’s members, as a body. Our audit work has been undertaken so that we might state those matters which we are required to state in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Rūnanga and the Rūnanga members, as a body, for our audit work, for this report or for the opinions we have formed.
PricewaterhouseCoopers 30 October 2015
Wellington
In Commemoration of Te Kupenga & World War 1
47
TE RŪNANGA O NGĀTI AWA FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015
48
Te Rūnanga o Ngāti Awa
| Annual Report 2015
TE RŪNANGA O NGĀTI AWA
DIRECTORY OF OFFICERS For The Year Ended 30 June 2015 TeTeRūnanga o Ngāti Awa Rūnanga o Ngāti Awa Directory DirectoryofofOfficers Officers For the year For the yearended ended30 30June June2015 2015 Te Rūnanga o Ngāti Awa Representatives M Araroa M Dodd M Glen M Hepi H Hona K Hunia D Hunia A Kohunui Ngāti Awa Group Holdings Limited Directors HT Gardiner (ceased 22/10/2014) J Mason (ceased 07/12/2014) PS Drummond (appointed 07/12/2014) Ngāti Awa Asset Holdings Limited Directors HT Gardiner (ceased 22/10/14) J Mason (ceased 07/12/2014) PS Drummond (appointed 07/12/2014) Ngāti Awa Farms Limited Directors HT Gardiner (ceased 22/10/2014) J Mason (ceased 07/12/2014) AE De Farias (appointed 11/02/2015) Ngāti Awa Forests Limited Directors HT Gardiner (ceased 23/10/2014) J Mason (ceased 17/04/2015)
P Koopu J Mason TK Merito A Morrison S Nicholson P Ngaropo R O'Brien T O' Brien
M Paul P Quinn S Ratahi M Sisley M Tarau M Wahapango
B Tunui (ceased 07/12/2014) TW Vercoe (ceased 07/12/2015) HW Hudson (appointed 07/12/2014)
P Quinn (appointed 27/06/2014) G Pryor (ceased 27/06/2014) T Hunia (appointed 07/12/2014)
D Birch (appointed 07/12/2014) AE De Farias (appointed 07/12/2014) R O'Brien (appointed 07/12/2014)
B Tunui (ceased 07/12/2014) TW Vercoe (ceased 07/12/2014) G Pryor (ceased 07/12/2014) R O'Brien (appointed 07/12/2014) HW Hudson (appointed 07/12/2014) T Hunia (appointed 07/12/2014)
D Birch (appointed 07/12/2014) AE De Farias (appointed 07/12/2014) BP Quinn (appointed 07/12/2014)
G Pryor (ceased 07/12/2014) S Read (ceased 07/12/2014) T Hunia (appointed 11/02/2015)
L Stowell W Studer R O'Brien (appointed 11/02/2015)
T Vercoe (ceased 07/12/2014) BP Quinn (appointed 11/02/2015)
TW Vercoe (ceased 11/02/2015) H Hudson (appointed 11/02/2015)
T Hunia (appointed 11/02/2015) R O'Brien (appointed 11/02/2015)
BP Quinn (appointed 11/02/2015)
Ngāti Awa Properties Limited Directors HT Gardiner (ceased 22/10/2014) J Mason (ceased 17/04/2015)
TW Vercoe (ceased 17/04/2015) H Hudson (appointed 11/02/2015)
T Hunia (appointed 11/02/2015) R O'Brien (appointed 11/02/2015)
BP Quinn (appointed 11/02/2015)
Ngāti Awa Fisheries Limited Directors HT Gardiner (ceased 22/10/2014) J Mason (ceased 06/05/2015)
TW Vercoe (ceased 06/05/2015) H Hudson (appointed 16/04/2015)
T Hunia (appointed 16/04/2015) R O'Brien (appointed 16/04/2015)
BP Quinn (appointed 16/04/2015)
Ngāti Awa Investments Limited Directors HT Gardiner (ceased 22/10/2014) J Mason (ceased 06/05/2015)
TW Vercoe (ceased 06/05/2015) D Birch (appointed 16/04/2015)
H Hudson (appointed 16/04/2015) BP Quinn (appointed 16/04/2015)
The Ngāti Awa Community Development Trust Trustees TR Chapman A Li J Dodd P Ngaropo E Ratahi-Pryor
L Rua H Wikeepa
In Commemoration of Te Kupenga & World War 1
49
TE RŪNANGA O NGĀTI AWA
DIRECTORY OF OFFICERS For The Year Ended 30 June 2015
Te TeRūnanga RūnangaooNgāti NgātiAwa Awa Directory DirectoryofofOfficers Officers For Forthe theyear yearended ended30 30June June2015 2015 Ngāti Awa Research & Archives Trust Trustees TR Chapman P Ngaropo H Mead S Tutua (appointed 27/02/2015)
A Jaram (appointed 24/04/2015) J Mason (appointed 24/04/2015)
Ngāti Awa Farms (Rangitaiki) Joint Venture Joint Venture Partners 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 C Elliot HT Gardiner (ceased 22/10/2014) AE De Farias (appointed 22/04/2015) Manu Hou Limited Partnership Limited Partners Ngāti Awa Asset Holdings Limited Omataroa Rangitaiki No.2 Trust Manu Hou GP Limited Directors C Elliott T Hunia
T Hunia (appointed 22/04/2015)
W Studer TW Vercoe (ceased 22/04/2015)
Putauaki Trust
TW Vercoe (ceased 11/02/2015) D Birch (appointed 11/02/2015)
Tumurau Limited Partnership Limited Partners Ngāti Awa Farms Limited Rotoehu Forest Trust
S Ratahi LD Stowell (appointed 01/09/2015)
H Hudson (appointed 11/02/2015) BP Quinn (appointed 11/02/2015)
Rangitaiki 31P 3F Trust (also known as Kiwinui Trust) Moerangi Kereua Ratahi Lands Trust
Tumurau GP Limited Director HT Gardiner (ceased 22/10/2014)
AE De Farias (appointed 22/04/2015) T Hunia (appointed 22/04/2015)
Audit, Finance, & Risk Committee Members P Taylor R O'Brien
H Hudson M Glen
W Studer (appointed 22/04/2015)
D Hunia
The accompanying accounting policies and notes form part of the financial statements.
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Te Rūnanga o Ngāti Awa
| Annual Report 2015
TE RŪNANGA O NGĀTI AWA
STATEMENTS OF COMPREHENSIVE INCOME TeYear Rūnanga o Ngāti Awa 2015 For The Ended 30 June Statements of Comprehensive Income For the year ended 30 June 2015
Note Revenue
6
Less: Cost of goods sold Gross Profit
2015 $000's
Group
2014 $000's
2015 $000's
Parent
2014 $000's
6,138
8,906
1,629
5,712
(990) 5,148
(840) 8,066
1,629
5,712
Net financing income Total income
7
518 5,666
459 8,525
554 2,183
496 6,208
Less expenses
8
7,113
6,640
2,465
2,368
Write back of impairment / (impairment charge) Fair value gain
9 10
20 3,832
(280) 4,480
-
-
2,405
6,085
(282)
3,840
2,405
85 6,000
(282)
3,840
2,405
6,000
(282)
3,840
2,748 (343) 2,405
3,930 2,070 6,000
(282) (282)
3,840 3,840
Profit/(loss) before tax for the year Less tax expense Profit/(loss) for the year from continuing operations
11
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
12
1,175 1,175
(351) (351)
-
-
3,580
5,649
(282)
3,840
3,944 (364) 3,580
3,770 1,879 5,649
(282) (282)
3,840 3,840
The accompanying accounting policies and notes form part of the financial statements.
In Commemoration of Te Kupenga & World War 1 The accompanying accounting policies and notes form part of the financial statements.
51
TE RŪNANGA O NGĀTI AWA
STATEMENTS OF CHANGES IN EQUITY Te Rūnanga o Ngāti Awa Statements of Changes in Equity For the year ended 30 June 2015
For The Year Ended 30 June 2015 2015 $000's
Note Equity attributable to equity holders: Equity at the beginning of the year Profit/(Loss) for the year Other comprehensive income: - Revaluation gains/(losses) - Reclassification of impairment to P&L Total other comprehensive income
12 12
Group
97,582
93,683
2,748
3,930
903 293 1,196
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 (Loss)/Profit for the year
83,618 (282)
(160) 129 (31)
-
9,288
7,112
-
-
2,070
-
-
-
-
-
-
-
-
-
-
83,336
83,618
12
(364)
-
(191) 45 (146) 1,924
400 (148) 252
8,924
9,288
110,450
106,870
The accompanying accounting policies and notes form part of the financial statements.
| Annual Report 2015
7
-
83,618
Total comprehensive income
Te Rūnanga o Ngāti Awa
3,840
83,336
The accompanying accounting policies and notes form part of the financial statements.
52
79,778
97,582
(193) 172 (21)
(282)
2014 $000's
101,526
12 12
Total equity at the end of the year
Parent
3,899
Other comprehensive income: - Revaluation losses - Reclassification of impairment to P&L Total other comprehensive income
Non-controlling interest equity at the end of the year
2015 $000's
3,944
(343)
Transactions with owners: Contributed equity during the year Dividend declared during the year
2014 $000's
3,840
TE RŪNANGA O NGĀTI AWA
STATEMENTS OF FINANCIAL POSITION Te Rūnanga o Ngāti Awa Statements of Financial Position 30 June June 2015 AsAsatat30 2015
Note Reserves Accumulated surplus Non-controlling interest Equity
2015 $000's
Group
2014 $000's
2015 $000's
Parent
2014 $000's
13 12 12
27,433 74,093 8,924 110,450
26,237 71,345 9,288 106,870
23,907 59,429 83,336
23,907 59,711 83,618
14 15 31 16 17
17,026 1,043 3,586 1,710 5 23,370
6,634 3,723 4,011 2,959 77 17,404
647 356 358 5 1,366
115 982 354 65 1,516
17 20 21 22 23 24 24 31
26,083 9,559 781 19,900 40,920 3,634 3,520 104,397
32,060 8,588 781 19,024 41,160 1,767 3,520 106,900
51,931 2,595 22,860 410 7,883 85,679
51,931 2,434 23,034 198 7,883 85,480
127,767
124,304
87,045
86,996
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 Hapu Term loans
25 26 31 27 28
Non-current liabilities Income received in advance Term loans
1,122 1,298 3,005 45 5,470
1,676 1,287 2,786 7,226 12,975
691 13 3,005 3,709
453 139 2,786 3,378
26 28
3,464 8,383 11,847
3,607 852 4,459
-
-
17,317
17,434
3,709
3,378
110,450
106,870
83,336
83,618
Total liabilities Net assets attributable to equity holders
- 30 October 2015
J Mason Chairman - 30 October 2015
- 30 October 2015
EP Ratahi-Pryor Chief Executive Officer - 30 October 2015
The accompanying accounting policies and notes form part of the financial statements.
In Commemoration
The accompanying accounting policies and notes form part of the financial of statements. Te Kupenga
& World War 1
53
TE RŪNANGA O NGĀTI AWA
STATEMENTS OF CASH FLOWS Te Rūnanga o Ngāti Awa Statements of Cash Flows yearEnded ended 30 2015 For For ThetheYear 30June June 2015
Net cash (used in)/from operating activities Cash provided from: Grant and funding income Interest income received Farming operations income Other operating receipts Rental income Maori tax credit refund received
Note
Cash applied to: Payments to suppliers and employees Grants paid Interest expense paid Income tax paid
Net cash (used in)/generated from operating activities
29
Net cash 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 and livestock Purchase of investments Purchase of CO2 carbon forest Purchase of other non-current assets Purchase of Bonds
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 Additional lending Loans from subsidiaries Capital contribution from non-controlling interest parties 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
Net cash generated from financing activities Net (Decrease)/Increase in Cash Balances Cash Balances at the Beginning of the Year Cash Balances at the End of the Year
14
Group 2015 2014 $000's $000's 62 54 937 820 3,477 4,261 591 803 1,521 1,568 900 175 7,488 7,681
Parent 2015 2014 $000's $000's 44 220 350 496 213 364 68 900 175 1,575 1,255
6,185 192 419 30 6,826
5,449 241 361 40 6,091
1,532 404 1,936
662
1,590
4,000 6,709 27 10,736
558 2,981 1,316 4,855
1,000
293 699 364 1,356
2,052 1,400 1,039 694 3,000 8,185
116 116
-
9,380
(3,330)
884
823
(361)
1,000 -
| Annual Report 2015
9
826 826
-
3 3
154 400 554
154 13 167
154 154
154 154
148 45 193
-
4 154 158
-
350
361
9
10,392 6,634 17,026
(1,379) 8,013 6,634
The accompanying accounting policies and notes form part of the financial statements.
Te Rūnanga o Ngāti Awa
(1,081)
154 350 504
532 115 647
The accompanying accounting policies and notes form part of the financial statements.
54
2,092 244 2,336
154 (104) 219 115
TE RŪNANGA O NGĀTI AWA
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
For The Year Ended 30 June 2015
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 Maori Trust Board Act 1955. Under Section 5 of Te Rūnanga o Ngāti Awa Act 2005, the Rūnanga ceased to be a Maori 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 2015. The financial statements were authorised for issue by the Chairman and Chief Executive Officer on behalf of the Board of Representatives on 30 October 2015.
2
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.
a) 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. A new Accounting Standards Framework (incorporating a Tier structure and a separate suite of accounting standards for PBEs) has been issued by the External Reporting Board (XRB). Under the new Accounting Standards Framework the Group will be classified as a Tier 1 reporting entity and it will be required to apply full Public Benefit Entities (PBE) Standards for reporting periods beginning on or after 1 April 2015. The PBE Standards are based on International Public Sector Accounting Standards (IPSAS). Therefore the Group will have to prepare its financial statements in accordance with the PBE Standards for the first time for the annual period ending 30 June 2016. The Group is in the process of assessing the implications of the new Framework. Due to the change in the Accounting Standards Framework for PBEs, new NZ IFRSs and amendments to existing NZ IFRSs do not apply to PBEs as the XRB has effectively frozen, as at 1 July 2011, the financial reporting requirements for PBEs until PBEs transition to the PBE Standards. Accordingly, no disclosure has been made about new or amended NZ IFRSs that exclude PBEs from their scope. Statutory base The Rūnanga is a Public Benefit Entity ("PBE") and therefore the interpretations of NZ-IFRS as appropriate 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) which is the presentation currency of the Rūnanga and Group, and the functional currency of the Runanga. 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 30, 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 results and financial position of subsidiaries are included in the consolidated statement of comprehensive income and statement of financial position from the date control is gained up to the date control ceases.
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 acquisition-by-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.
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.
In Commemoration of Te Kupenga & World War 1
55
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
2 Summary of significant accounting policies (continued) a) Basis of preparation (continued) 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. Transactions Eliminated on Consolidation The effects of intra-group transactions are eliminated in preparing the consolidated financial statements. 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. 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. Dividend 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. Maori Authority Tax Credits The Group has Maori Authority status. Entities in the Group are tax exempt except for Ngāti Awa Asset Holdings Limited which has a tax liability of 17.5%. Taxes paid by Ngāti Awa Asset Holdings Limited generate Maori Authority Credits, which are tax credits available to pass onto its shareholder. Te Rūnanga o Ngāti Awa recognises a tax receivable from the IRD for the Maori Authority Credits received from Ngāti Awa Asset Holdings Limited in the period in which the credits have been distributed. 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 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.
56
Te Rūnanga o Ngāti Awa
| Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS Te RĹŤnanga o NgÄ ti Awa Notes to the Financial Statements For the year ended 30 June 2015
2 Summary of significant accounting policies (continued) 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 deposits held at call with banks and other short term highly liquid investments. f) Trade and other receivables Trade and other receivables are recognised initially at fair value and subsequently measured at amortised cost on an effective interest basis, less provision for doubtful debts. Bad debts are written off during the year in which they are identified. A provision for impairment of trade and other receivables is established when there is objective evidence that the Group will not be able to collect all amounts due according to the original terms of receivables. g) Livestock Livestock is carried at fair value less point of sale costs, where fair value is based on the market price of livestock of similar age and gender. 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 Group obtains an independent valuation of the Farm Woodlot asset every three years. The most recent valuation, dated 30 June 2014, was prepared by PF Olson Limited over the Pine 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 Assets 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 NgÄ ti 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. Cultural Assets The cultural assets category includes carvings and flax tukutuku, these assets have been recorded at deemed cost. The Mataatua 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.
In Commemoration of Te Kupenga & World War 1
57
NOTES TO THE FINANCIAL STATEMENTS Te R큰nanga o Ng훮ti Awa Notes to the Financial Statements For the year ended 30 June 2015
2
Summary of significant accounting policies (continued)
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. The estimated useful lives for the current and comparative periods are as follows: Buildings Motor Vehicles Office Furniture & Equipment Farm Equipment Cultural Assets
40 3 - 15 3 - 10 3 - 20 n/a
years years years years
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-for-sale". 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-for-sale Other financial assets designated as available-for-sale 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 of comprehensive income. Financial assets are de-recognised 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.
58
Te R큰nanga o Ng훮ti Awa
| Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
2 Summary of significant accounting policies (continued) p) Measurement of Non-financial Assets The carrying amounts of the Group's non-financial assets are reviewed at each balance date to determine whether there is any indication of impairment. If any such indication exists, the recoverable amount of the asset is estimated. If the estimated recoverable amount of an asset is less than its carrying amount, the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the statements of comprehensive income.
The estimated recoverable amount of assets is the greater of their fair value less costs to sell and value in use. Value in use is determined by estimating future cash flows from the use and ultimate disposal of the asset discounting these to their present value using a pre-tax discount rate that reflects current market rates and the risks specific to the asset. For an asset that does not generate largely independent cash flows, the recoverable amount is determined for the cash generating unit to which the asset belongs. An impairment loss on non-financial assets which are carried at fair value, is applied to the corresponding asset revaluation reserve but only to the extent that prior year gains are available to offset the impairment loss. All other impairment losses are recognised in profit or loss for the year.
q) Trade and other payables Trade and other payables are measured initially at fair value and subsequently at amortised cost using the effective interest method. r) Term Loans Term loans are recognised initially at fair value, net of transaction costs incurred. Term loans are subsequently stated at amortised cost. If the Group does not have an unconditional right to defer payment of a liability for at least twelve months after balance date, then the term loan will be classified as a current liability. s) Employee Benefits Salaries, Wages, Annual Leave, and Sick Leave Liabilities for wages and salaries, including non-monetary 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 non-accumulating 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. In the current year there has been a change in accounting policy. In previous years after the initial recognition carbon credits were valued annually using cost and being tested for impairment or whenever there is an indication of impairment. In the current year the valuation of carbon credits has changed to being valued using fair market value. The financial effect of the changes in accounting policy have been reflected in note 24 below. There has been a change in accounting policy as an active market exists allowing the carbon credits to be recognised at fair value rather than cost, this is deemed a better representation of the carbon credits value. The change in accounting policy has been applied prospectively in accordance with NZ IAS 8.The impact of the change in accounting policy has resulted in an increase in value of the carbon credits of $1,669,718. For tranche 1 of the carbon credits the increase in profit ($485,145) has been recognised in the profit or loss to reverse an impairment previously recognised. For tranche 2 of the carbon credits the increase ($1,184,573) has been recognised in other comprehensive income to reflect the increase in the value of the carbon credits on the initial purchase price. The change in accounting policy has also lead to an increase in the value of the carbon credits held by the Rūnanga on behalf of the Ngāti Hikakino and Ngai Te Rangihouhiri II Hapu of $212,796.
v) Comparative amounts Comparative amounts are from the audited financial statements for the year ended 30 June 2014, with the following restatement: In 2014, Manu Hou LP sought an investment in Wood Engineering Technology. As at 30 June 2014 the consideration to be paid was held in a Solicitor’s Trust Account pending completion of the investment. In the prior year financial statements the investment was recorded as complete. However subsequent to 30 June 2014 no shares were awarded to the Partnership. The comparative financial statements have been adjusted to reflect this. ‘Investments’ have reduced by $1,400,011 and ‘other receivables’ have increased by a corresponding amount.
In Commemoration of Te Kupenga & World War 1
59
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
3
Changes in accounting policies (i) Changes in accounting policies With the exception of the change in accounting policies relating to carbon credits, the Rūnanga has not changed any other 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. 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 holding a diversified portfolio of investments. 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 longterm 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. Term Deposits Concentrations of Credit of Risk: Group 2015 2014 $000's $000's 3,853 4,433 7,056 256 10,909 4,689
ANZ Bank Limited ASB Limited
2015 $000's 501 501
Parent
2014 $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 nga uri o nga hapu 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 nga uri o nga hapu 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.
60
Te Rūnanga o Ngāti Awa
| Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS Te R큰nanga o Ng훮ti Awa Notes to the Financial Statements For the year ended 30 June 2015
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 18) and Forest Carbon Sinks included within Property, Plant & Equipment (see Note 23). During the year, the management contract with CO2 New Zealand Limited Partnership which governed the establishment and ongoing management of the carbon forest on land leased by Ng훮ti Awa Farms Ltd was terminated by mutual consent, at no cost to the Group. The forest and associated carbon credits remain assets of Ng훮ti Awa Farms Limited. The Group has no ongoing commitments to the CO2 New Zealand Limited Partnership in relation to the management of the carbon forest. There will be future expenditure required to maintain the forest, details of which are as yet unknown while the Group undertakes a reassessment of the project. In 2014, the value of the forest was assessed at nil, with a corresponding impairment made. The determination of the carrying value as at 30 June 2014 was highly judgemental. Key assumptions made included the future price of carbon and the discount rate. The Group have maintained the nil value as at 30 June 2015 while the project is being reassessed. 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. These changes may result in reversals of previously recognised impairments and ongoing capital and operating expenditure. 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 20. 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 38.
Note
Group 2015 2014 $000's $000's 62 86 771 1,242 2,891 4,451 1,699 1,695 214 900 501 532 6,138 8,906
2015 $000's 44 1,001 68 212 304 1,629
Parent
2014 $000's
6
Revenue / other income Grant Income Dividend Income Farming Operations Income Rental Income Maori authority tax credit refund Other Income
7
Net Financing Income Interest Income Total Financing Income
937 937
820 820
554 554
496 496
Interest Expense Total Financing Expense
419 419
361 361
-
-
Net Financing Income
518
459
554
496
In Commemoration of Te Kupenga & World War 1
44 4,419 30 900 319 5,712
61
NOTES TO THE FINANCIAL STATEMENTS Te R큰nanga o Ng훮ti Awa Notes to the Financial Statements For the year ended 30 June 2015
8
Expenses
Group 2015 2014 $000's $000's 187 213 50 14
Administration Fees Audit Committee Auditors Remuneration (PricewaterhouseCoopers) - Audit Fees - Fees for Other Assurance Services - Advisory services relating to investment performance
Bad Debts Board Members Fees and Expenses Catering Celebrations Consultants Fees
-
Accounting and Tax Farm advisory Legal Other
Depreciation / Amortisation Farming Operations Expenditure Fixed asset sale loss Grants and Sponsorships Installation Costs Insurance Operating Leases Power & Heating Rates Rent Repairs & maintenance Telecommunication Expenses Travel and Accommodation Vehicle Wages and Salaries Other Expenses
9
118 6 38
Parent 2015 $000's 31
2014 $000's 5
117 -
25 -
-
22
-
-
-
162
117
25
22
27 399 51 159 50 33 195 630 577 1,488 192 152 163 142 200 3 277 28 38 85 1,311 514 7,113
404 54 6 154 111 333 599 1,314 28 276 4 153 156 143 188 2 439 28 37 98 1,254 515 6,640
27 152 49 159 29 154 291 404 78 23 7 39 27 14 22 20 619 295 2,465
119 179 33 5 4 48 149 303 31 279 4 69 19 4 38 24 20 19 15 681 298 2,368
(Impairment) / write back of impairment During the year the Group recognised the following impairments and write back of impairments of its assets. Group 2015 2014 Note $000's $000's Dairy farm land impairment write back 1,767 23 Carbon credit write back of impairment 485 695 24 Forest carbon sink and Rotation crops impairment (2,136) 21,23 Fonterra Co-operative Group Limited shares impairment (465) (606) 20 (280)
2015 $000's -
Parent
2014 $000's -
10 Fair value gain / (loss) During the year the Group and Parent recognised the following movements in its assets recognised at fair value.
Listed shares Unlisted shares Forests revaluation Woodlot farms revaluation Properties Livestock movement Other
62
Te R큰nanga o Ng훮ti Awa
Note
22 21 20 16
| Annual Report 2015
Group 2015 2014 $000's $000's 1,917 969 153 2,175 715 347 292 971 (5) 272 1,030 (196) (328) 3,832 4,480
2015 $000's -
Parent
2014 $000's -
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
11 Tax Expense Reconciliation of the Prima Facie Income Tax Payable on Profit with the Income Tax Expense Charged: Profit/(Loss) before Tax for the Year Exempt Loss from Charitable Activities Taxable Profit/(Loss) before Tax for the Year Income Tax Expense at 17.5% on Taxable Profit, (2014: 17.5%) Non-taxable Income Imputation Credits Prior period adjustment Income Tax (Credit)/Expense
Imputation Credit/Maori Authority Tax Credit Account Imputation credits available to equity holders in subsequent reporting periods
12 Equity Group 30 June 2015 Balance at the Beginning of the Year Profit (Loss) for the Year Revaluation (loss)/gain - Bond Portfolio - Carbon Credits - Fonterra Co-operative Group Limited shares Impairment charge to statement of profit or loss and other comprehensive income Balance at the End of the Year
Non-Controlling Interest $000's 9,288 (343) (193)
Group 2015 2014 $000's $000's 2,405 6,085 (1,887) 2,405 4,198
Parent 2015 2014 $000's $000's (282) (3,840) 282 3,840 -
421
735
-
-
(261) (160) -
(537) (113) 85
-
-
10
770
212
186
Asset Revaluation Reserves
Other Reserves
$000's 10,374 -
$000's 15,863 -
54 1,165 (316)
-
Accumulated Surplus $000's 71,345 2,748
Total Equity $000's 106,870 2,405
-
54 1,165 (509)
172
293
-
-
8,924
11,570
15,863
74,093
110,450
7,112 2,070 (191) 45 (148) 400 9,288
10,405 (160) 129 10,374
15,863 15,863
67,415 3,930 71,345
100,795 6,000 (351) 174 (148) 400 106,870
30 June 2015 Balance at the Beginning of the Year Profit (Loss) for the Year Balance at the End of the Year
8,044 8,044
15,863 15,863
59,711 (282) 59,429
83,618 (282) 83,336
30 June 2014 Balance at the Beginning of the Year Profit (Loss) for the Year Balance at the End of the Year
8,044 8,044
15,863 15,863
55,871 3,840 59,711
79,778 3,840 83,618
30 June 2014 Balance at the Beginning of the Year Profit /(loss) for the Year Revaluation Gains/(Losses) Impairment of available-for-sale investments Dividend declared during the year Contributed equity during the year Balance at the End of the Year
465
Parent
The dividends paid in 2015 and 2014 by Ngāti Awa Farms (Rangitaiki) Joint Venture were $nil and $147,270 ($300 per share) respectively.
In Commemoration of Te Kupenga & World War 1
63
NOTES TO THE FINANCIAL STATEMENTS Te R큰nanga o Ng훮ti Awa Notes to the Financial Statements For the year ended 30 June 2015
13 Reserves
Asset Revaluation Reserves Other Reserves
Group 2015 2014 $000's $000's 11,570 10,374 15,863 15,863 27,433 26,237
2015 $000's 8,044 15,863 23,907
Asset Revaluation Reserves $000's 2,082 280 7,459 585 1,164 11,570
Other Reserves $000's 12 2,013 50 13,326 2 460 15,863
Parent
2014 $000's 8,044 15,863 23,907
Reserves are comprised of: Group 30 June 2015 Aotearoa Fisheries Limited Unlisted Shares Bonds Portfolio Capital Contributions Farm Land and Buildings Fonterra Shares Froude Street Mataatua Wharenui Other Financial Assets Te Manuka Tutahi (Telecom Site) Carbon Credit revaluation
30 June 2014 Aotearoa Fisheries Limited Unlisted Shares Bonds Portfolio Capital Contributions Farm Land and Buildings Fonterra Shares Froude Street Mataatua Wharenui Other Financial Assets Te Manuka Tutahi (Telecom Site)
-
Total $000's 2,082 280 12 9,472 50 13,326 2 1,045 1,164 27,433
2,082 226 7,459 22 585 10,374
12 2,013 50 13,326 2 460 15,863
2,082 226 12 9,472 22 50 13,326 2 1,045 26,237
7,459 585 8,044
12 2,013 50 13,326 2 460 15,863
12 9,472 50 13,326 2 1,045 23,907
7,459 585 8,044
12 2,013 50 13,326 2 460 15,863
12 9,472 50 13,326 2 1,045 23,907
Parent 30 June 2015 Capital Contributions Farm Land and Buildings Froude Street Mataatua Wharenui Other Financial Assets Te Manuka Tutahi (Telecom Site)
30 June 2014 Capital Contributions Farm Land and Buildings Froude Street Mataatua Wharenui Other Financial Assets Te Manuka Tutahi (Telecom Site)
64
Te R큰nanga o Ng훮ti Awa
| Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS Te R큰nanga o Ng훮ti Awa Notes to the Financial Statements For the year ended 30 June 2015
13 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 Manuka Tutahi (Telecom Site) Reserve This reserve represents assets at valuation vested in the R큰nanga in 1996 by the Crown and subsequent revaluations to market value. Mataatua Wharenui Reserve This reserve includes the cost to the Crown of purchasing the Mataatua Wharenui ($2.75 million) and subsequent capital expenditure spent on the return and restoration of the Mataatua Wharenui and establishment of associated buildings. Farm Assets Reserve This reserve represents the value of Ng훮ti Awa Farm assets transferred from the Crown, and subsequent revaluations to market value of the Farm land and buildings.
14 Cash and cash equivalents
Bank On-Call Deposits Short Term Deposits
15 Trade and other receivables Trade Receivables Less: Provision for doubtful debts Other receivable Maori authority tax credit GST Receivable
16 Livestock on Hand
Cattle Sheep Other
Group 2015 2014 $000's $000's 3,402 1,920 2,715 25 10,909 4,689 17,026 6,634
831 212 1,043
1,347 1,400 900 76 3,723
Group 2015 2014 $000's $000's 3,357 3,775 226 233 3 3 3,586 4,011
2015 $000's 146 501 647
Parent
2014 $000's 115 115
95 212 49 356
2015 $000's -
47 900 35 982
Parent
2014 $000's -
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
4,011 293 (990) 309 (37) 3,586
2,918 903 (840) 418 612 4,011
-
-
At 30 June 2015, livestock held for sale comprised 529 cattle (2014: 481) and 2,102 sheep (2014: 2,035). During the year ended 30 June 2015, the Group sold 214 cattle (2014: 93) and 2,181 sheep (2014: 1,318). At 30 June 2015, dairy livestock held comprised 1,960 dairy cattle (1,471 cows & 489 heifers) (2014: 1,960 dairy cattle (1,453 cows & 507 heifers). During the year ended 30 June 2015, the Group sold 295 dairy cattle (2014: 316).
In Commemoration of Te Kupenga & World War 1
65
Te R큰nanga o Ng훮ti Awa NOTES TO THE FINANCIAL STATEMENTS Notes to the Financial Statements For the year ended 30 June 2015
17 Investments
Note
Current assets - Bonds - Unit Trusts
Non-current assets - Bonds - Listed Shares - Unlisted Shares - Listed Shares - JB Were - Subsidiaries - Joint Ventures - Limited Partnership
18
19
Group 2015 2014 $000's $000's 997 1,823 713 1,136 1,710 2,959
2,999 2,838 5,835 13,677 146 588 26,083
6,037 3,067 8,112 14,110 146 588 32,060
2015 $000's -
Parent
2014 $000's -
-
25
25 51,906 51,931
51,906 51,931
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. 18 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 Maori Fisheries Act 2004. The Maori 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 shares have been valued at $2.1 million (2014: $2.1 million). 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. The Partnership is valued at $3.75 million (2014: $6 million). During the year the Partnership repaid capital of $2.53 million to the Group (2014: nil). During the year the Group reassessed the investment in Wood Engineering Technology. The money set aside for investment was being held on a solicitors Trust account. This was repaid to the Group when the decision not to proceed with the investment was made. 19 Investment in Joint Ventures
Mataatua Fisheries Collective Receivable
Group 2015 2014 $000's $000's 146 146
2015 $000's -
Parent
2014 $000's -
Mataatua Fisheries Collective Receivable Balance of Joint Venture Receivable Balance at the Beginning of the Year Share of Net Surplus Balance at the End of the Year
146 146
138 8 146
-
-
The Mataatua Fisheries Collective Receivable relates to the monies held on behalf of the Group by the Mataatua Fisheries Collective. The receivable has been included as at the annual balance date of the Mataatua Fisheries Collective of 31 March 2015. The Mataatua Fisheries Collective ("Collective") is an unincorporated joint venture between iwi in the Mataatua rohe to lease fish quota to maximise returns. The Collective pays the Mataatua 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.
66
Te R큰nanga o Ng훮ti Awa
| Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
20 Investment Properties
Group 2015 2014 $000's $000's 9,559 8,588
Investment Properties
Movements in Investment Properties are represented as follows: Balance at the Beginning of the Year Revaluation (Losses)/Gains Balance at the End of the Year
8,588 971 9,559
8,593 (5) 8,588
2015 $000's -
Parent
2014 $000's -
-
-
Residential properties on Wairaka and Toroa Streets were independently valued as at 30 June 2014 by Boyes James McKay Limited. The valuation was based on market evidence of transactions for similar properties and direct comparison. These properties were assessed against general market conditions for the 2015 accounts, with no change in valuation recorded. Other investment properties were independently valued as at 30 June 2015 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 7.3% to 12% (2014: 7.3% to 12%). If investment valuations were to increase or decrease by 5%, the carrying value amount of investment properties would be $477,950 higher, or lower, respectively (2014: $446,056 ). All valuations were performed by the same valuers from the 2014 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.
The rent on Whakatane, Ohope, and Apanui Schools were reviewed in April 2015 as per the respective rental agreements with the Ministry of Education. The valuations received by Ngāti Awa Properties and the Ministry of Education indicate a significant difference in the value of each of the three properties. As a consequence, the mid point between the two valuations is adopted as the fair market value in these financial statements.
20 Investment Properties (continued) 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 Wananga O Awanuiarangi Apanui School Army Hall Ohope Beach School Ohope Beach Holiday Park Whakatāne High School (Part) Whakatāne Court House
Total Investment Properties
Group 2015 2014 $000's $000's 320 320 435 435 210 210 680 680 270 270 1,915 1,915
2015 $000's -
Parent
2014 $000's -
240 1,580 1,400 809 895 2,125 595 7,644
220 1,315 1,400 558 830 1,760 590 6,673
-
-
9,559
8,588
-
-
The Rūnanga earned $502,082 in rental income from the investment properties during the 2015 year (2014: $564,385). Direct operating expenses incurred in relation to the investment properties included repairs and maintenance of $62,370, insurance of $5,333 and rates of $44,605 (2014: $96,488, $25,287 and $41,281).
In Commemoration of Te Kupenga & World War 1
67
NOTES TO THE FINANCIAL STATEMENTS Te R큰nanga o Ng훮ti Awa Notes to the Financial Statements For the year ended 30 June 2015
21 Biological assets
Group 2015 2014 $000's $000's 781 781 781 781
Pine Woodlot CO2 Rotation Crops
2015 $000's -
Parent
2014 $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
781 781
489 292 781
-
-
The pine woodlot was independently valued on 30 June 2014 by PF Olson Limited. The basis of the valuations were market value. Rotation crops Movements are represented as follows: Balance at the Beginning of the year Additions during the year Impairment loss (refer to note 5) Balance at the End of the Year
2015 $000's -
Group
2014 $000's 323 626 (949) -
2015 $000's -
Parent
2014 $000's -
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 no change in valuation (2014: impairment $948,460). 22 Forestry Land Assets
Group 2015 2014 $000's $000's 19,900 19,024
Forestry land assets
2015 $000's 2,595
Parent
2014 $000's 2,434
Movements are represented as follows: Balance at the Beginning of the Year Revaluation Gains Balance at the End of the Year
19,024 876 19,900
18,658 366 19,024
2,434 161 2,595
2,415 19 2,434
The forestry land assets were independently valued on 30 June 2015 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% (2014: 7.7%) was used to determine the fair value of forestry land assets. The Group leases forestry land to various counterparties for terms of 35 years and accounts for these as operating leases.
68
Te R큰nanga o Ng훮ti Awa
| Annual Report 2015
Te RĹŤnanga o NgÄ ti Awa Notes to the Financial Statements For the year ended 30 June 2015
NOTES TO THE FINANCIAL STATEMENTS 23 Property, Plant & Equipment Group 30 June 2015 Balance at the Beginning of the Year Additions (Cost) Disposals (NBV) Transferred (to)/from other categories Depreciation Balance at the End of the Year Cost or Valuation Accumulated Impairment Losses Accumulated Depreciation Net Book Value
Land $000's Valuation/Cost 23,326 94 -
Buildings $000's Valuation/Cost 7,601 135 958 (344) 8,350
240
1,834
23,420 23,420
10,094 (1,744) 8,350
663 (423) 240
3,150 (117) (1,199) 1,834
Forest Carbon Sinks $000's Cost -
30 June 2015 Balance at the Beginning of the Year Additions (Cost) Disposals (NBV) Transferred (to)/from other categories Depreciation Balance at the End of the Year Cost or Valuation Accumulated Impairment Losses Accumulated Depreciation Net Book Value
30 June 2014 Balance at the Beginning of the Year Additions (Cost) Disposals (NBV) Impairment write back / (charge) Depreciation Balance at the End of the Year Cost or Valuation Accumulated Impairment Losses Accumulated Depreciation Net Book Value
Group 30 June 2014 Balance at the Beginning of the Year Additions (Cost) Disposals (NBV) Impairment write back / (charge) Depreciation Balance at the End of the Year Cost or Valuation Accumulated Impairment Losses Accumulated Depreciation Net Book Value
Office Equipment & Plant $000's Cost 2,865 126 (17) (958) (182)
23,420
Group
Group
Motor Vehicles $000's Cost 292 9 (10) (51)
Land $000's Valuation/Cost 20,381 1,178 1,767 -
Buildings $000's Valuation/Cost 7,724 131 (254)
Cultural Assets $000's Cost 7,026 -
Froude Street Rotorua $000's Cost 50 50 50 50
Total $000's 41,160 364 (27) (577)
-
7,026
40,920
1,763 (1,763) -
7,026 7,026
46,166 (1,880) (3,366) 40,920
Motor Vehicles $000's Cost 293 65 (7) (59)
Office Equipment & Plant $000's Cost 2,955 179 (269)
23,326
7,601
292
2,865
23,326 23,326
8,845 (1,244) 7,601
664 (372) 292
3,999 (117) (1,017) 2,865
Forest Carbon Sinks $000's Cost 774 413 (1,187) -
Cultural Assets $000's Cost 7,026 -
Froude Street Rotorua $000's Cost 50 50 50 50
Total $000's 39,203 1,966 (7) 580 (582)
-
7,026
41,160
1,763 (1,763) -
7,026 7,026
45,673 (1,880) (2,633) 41,160
In Commemoration of Te Kupenga & World War 1
69
23 Property, Plant & Equipment (continued)
Notes the Financial Statements TetoRūnanga o Ngāti Awa For the year ended 30 June 2015 Notes to the Financial Statements Te Rūnanga o Ngāti Awa For the year ended 30 June 2015 Notes to the Financial Statements For the year ended 30 June 2015
Office NOTES TO THE FINANCIAL STATEMENTS Motor Equipment &
23 Parent Property, Plant & Equipment (continued) Parent 23 Property, Plant & Equipment (continued) 30 June 2015 Balance at the Parent 30 June 2015 Beginning of the Year Balance the Additionsat(Cost) Beginning(NBV) of the Year Disposals 30 June 2015 Additions (Cost) Transferred (to)/from other categories Balance at the Disposals (NBV) Impairment Losses Beginning of the Year Transferred (to)/from other categories Depreciation Additions (Cost) Impairmentthe Losses Balance Disposalsat(NBV) Depreciation End of the Year Transferred (to)/from other categories Balance at the Impairment Losses End of the Year Cost Depreciation Accumulated Balance at theImpairment Losses Cost Accumulated Depreciation End of the Year Accumulated Impairment Losses Net Book Value Accumulated Depreciation Cost Net Book Value Accumulated Impairment Losses Accumulated Depreciation Net Book Value Parent
Land $000's Land Valuation/Cost $000's Valuation/Cost 10,155 Land $000's 10,155 Valuation/Cost --10,155 -10,155 10,155 10,155 10,155 10,155 10,155 10,155 10,155
Buildings $000's Buildings Valuation/Cost $000's Valuation/Cost 4,544 Buildings $000's10 4,544 Valuation/Cost 10 958 -4,544 958 (229) 10 (229) 5,283 958 5,283 6,271 (229) 6,271 (988) 5,283 5,283 (988) 6,271 5,283 (988) 5,283
Vehicles Motor $000's Vehicles Cost $000's Motor Cost Vehicles4 $000's 3 4 Cost - 3 -4 - (5) 3 (5) - 2 2 169 (5) 169 (167) 2 - 2 (167) 169 2 (167) 2
Parent 30 June 2015 Balance Parent at the 30 June 2015 Beginning of the Year Balance the Additionsat(Cost) Beginning(NBV) of the Year Disposals 30 June 2015 Additions (Cost) Transferred (to)/from other categories Balance at the Disposals (NBV) Impairment Losses Beginning of the Year Transferred (to)/from other categories Depreciation Additions (Cost) Impairment Losses Balance at(NBV) the Disposals Depreciation End of the Year Transferred (to)/from other categories Balance at the Impairment Losses End of the Year Cost Depreciation Accumulated Balance at theImpairment Losses Cost Accumulated Depreciation End of the Year Accumulated Impairment Losses Net Book Value Accumulated Depreciation Cost Net Book Value Accumulated Impairment Losses Accumulated Depreciation Parent Net Book Value Parent 30 June 2014 Balance at the 30 June 2014 Beginning of the Year Parent Balance the Additionsat(Cost) Beginning(NBV) of the Year Disposals 30 June 2014 Additions (Cost) Transferred (to)/from other categories Balance at the Disposals (NBV) Impairment Beginning Losses of the Year Transferred (to)/from other categories Depreciation Additions (Cost) Impairment Losses Balance the Disposalsat(NBV) Depreciation End of the Year Transferred (to)/from other categories Balance at the Impairment Losses End of the Year Cost Depreciation Accumulated Balance at theImpairment Losses Accumulated Depreciation Cost End of the Year Accumulated Impairment Losses Net Book Value Accumulated Depreciation Cost Net Book Value Accumulated Impairment Losses Accumulated Depreciation Net Book Value Parent
70
Parent 30 June 2014 Balance at the 30 June 2014 Beginning of the Year Parent Balance the Additionsat(Cost) Beginning(NBV) of the Year Disposals 30 June 2014 Additions (Cost) Transferred (to)/from other categories Balance at the Disposals (NBV) Impairment Losses Beginning of the Year Transferred (to)/from other categories Depreciation Additions (Cost) Impairment Losses Balance at(NBV) the Disposals Depreciation End of the Year Transferred (to)/from other categories Balance at the Impairment Losses End of the Year Cost or Valuation Depreciation Accumulated Balance at theImpairment Losses Cost Accumulated Depreciation Endor of Valuation the Year Accumulated Impairment Losses Net Book Value Accumulated Depreciation Cost or Valuation Net Book Value Accumulated Impairment Losses
Te Rūnanga o Ngāti Awa Accumulated Depreciation Net Book Value
Land $000's Land Valuation/Cost $000's Valuation/Cost 10,155 Land $000's 10,155 Valuation/Cost --10,155 --10,155 10,155 10,155 10,155 10,155 10,155 10,155 10,155 10,155
| Annual Report 2015
Buildings $000's Buildings Valuation/Cost $000's Valuation/Cost 4,663 Buildings $000's4,663 Valuation/Cost --4,663 (119) (119) 4,544 4,544 5,083 (119) (539) 5,083 4,544 4,544 (539) 5,083 4,544 (539) 4,544
Motor Vehicles Motor $000's Vehicles Cost $000's Motor Cost 12 Vehicles $000's12 Cost ---12 - (8) (8) - 4 4 166 (8) (162) 166 4 - 4 (162) 166 4 (162) 4
Office Plant Equipment $000's & Plant Cost Office $000's & Equipment Cost 1,255 Plant 104 $000's 1,255 Cost 104 (958) -1,255 (958) (57) 104 (57) 344 (958) 344 995 (57) (117) 995 (534) 344 (117) 344 (534) 995 344 (117) (534) 344 Cultural Assets Cultural $000's Assets Cost $000's Cultural Cost 7,026 Assets $000's7,026 Cost --7,026 -7,026 7,026 7,026 7,026 7,026 7,026 7,026 7,026 Office Equipment - & Office Plant 7,026 Equipment $000's & Plant Cost Office $000's Equipment & Cost 1,411 Plant $000's 3 1,411 Cost - 3 -1,411 (159) 3 (159) 1,255 1,255 2,034 (159) (117) (662) 2,034 1,255 (117) 1,255 (662) 2,034 1,255 (117) (662) Cultural 1,255 Assets Cultural $000's Assets Cost $000's Cultural Cost 7,026 Assets $000's7,026 Cost --7,026 ---7,026 7,026 7,026 7,026 7,026 7,026 7,026 7,026 7,026
Froude Street Froude Rotorua Street $000's Rotorua Cost Froude $000's Street Cost Rotorua50 $000's50 Cost --50 ---50 -50 -50 50 -50 50 50 50
Total $000's Total $000's 23,034 Total $000's117 23,034 117 -23,034 (291) 117 (291) 22,860 22,860 24,666 (291) (117) 24,666 (1,689) 22,860 (117) 22,860 (1,689) 24,666 22,860 Froude (117) Street (1,689) Froude Rotorua 22,860 Street $000's Rotorua Cost Froude $000's Street Cost Rotorua50 $000's50 Cost ---50 --50 50 -50 -50 50 -50 50 50 50 Total $000's Total $000's 23,317 Total $000's 3 23,317 - 3 -23,317 - 3 (286) -(286) 23,034 23,034 24,514 (286) (117) 24,514 (1,363) 23,034 (117) 23,034 (1,363) 24,514 23,034 (117) (1,363) 23,034
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
23 Property, Plant & Equipment (continued) The farm land is restricted in use by the land having been vested to the Rūnanga under the Maori Land Court ensuring that the land is retained for nga uri o nga hapu o Ngāti Awa and is not able to be alienated. The net book value of the land is $8,350,000 (2014: $8,350,000). Te Manuka Tutahi land is restricted in use by the land having been vested to the Rūnanga under the Maori 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 nga uri o nga hapu o Ngāti Awa. The net book value of the land is $786,500 (2014: $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 Pa (1.0451 hectares) Otitapu Pa (6 hectares approximately) Te Toangopoto (10 hectares approximately)
Te Ihukatia (1.1 hectares approximately) Whakapaukorero (30 hectares approximately) Former Matahina A4 Block (4,045 square metres)
24 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 Manuka Tutahi 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 as the cash generating unit associated with the asset. Cash flows have been projected into perpetuity using a long term growth rate of inflation of 2.70% (2014: 2.70%) and discounted using the entity's weighted average cost of capital of 6.4% (2014: 8.1%) and a discount rate of 30% (2014: 30%). The value of the fishing quota is $3,519,524 (2014: $3,519,524). 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 Impairment write back Revaluation gain Sale of carbon credits Closing Balance
Group 2015 2014 $000's $000's 1,767 982 697 785 1,184 (14) 3,634 1,767
2015 $000's 198 212 410
Parent
2014 $000's 108 90 198
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 provided for an allocation of 60 New Zealand carbon units (NZUs) per hectare to be transferred to the Group. Based on this allocation the Group received 538,020 NZUs. The Act provided 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 profit or loss 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 2015 (2014: nil). There has been a change in accounting policy as an active market exists allowing the carbon credits to be recognised at fair value rather than cost, this is deemed a better representation of the carbon credits value. The change in accounting policy has been applied prospectively in accordance with NZ IAS 8.The impact of the change in accounting policy has resulted in an increase in value of the carbon credits of $1,669,718. For tranche 1 of the carbon credits the increase in profit ($485,145) has been recognised in the profit or loss to reverse an impairment previously recognised. For tranche 2 of the carbon credits the increase ($1,184,573) has been recognised in other comprehensive income to reflect the increase in the value of the carbon credits on the initial purchase price. The Rotoehu West forest is held by the Rūnanga on behalf of the Ngāti Hikakino and Ngai Te Rangihouhiri II Hapu (note 27). The forest entitles the Hapu to an allocation of 60,373 NZUs. The value of carbon credits held on the Hapu's behalf as at 30 June 2015 is $410,000 (2014: $198,000).
In Commemoration of Te Kupenga & World War 1
71
NOTES TO THE FINANCIAL STATEMENTS Te R큰nanga o Ng훮ti Awa Notes to the Financial Statements For the year ended 30 June 2015
24 Intangible Assets (continued) Computer Software Parent and Group
Cost $000's -
Total $000's -
Cost or Valuation Accumulated Amortisation Net Book Value
-
-
30 June 2014 Balance at the Beginning of the Year Disposals (NBV) Amortisation Balance at the End of the Year
48 (31) (17) -
48 (31) (17) -
Cost or Valuation Accumulated Amortisation Net Book Value
-
-
30 June 2015 Balance at the Beginning of the Year Disposals (NBV) Amortisation Balance at the End of the Year
25 Trade and other payables
Trade Payables Accrued Expenses Taxation Payable Other
26 Income Received in Advance Current liabilities Forestry rentals Access rights Grants Property Rentals Other
Non-current liabilities Access rights
Group 2015 2014 $000's $000's 481 1,020 647 633 (21) 23 15 1,122 1,676
2015 $000's 179 512 691
Group 2015 2014 $000's $000's 846 837 143 143 16 22 287 285 6 1,298 1,287
2015 $000's -
3,464 3,464
3,607 3,607
-
Parent
2014 $000's
69 384 453
Parent
2014 $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 (2014: 35 years), beginning 1 October 2005, which is the period of access rights granted under the settlement.
72
Te R큰nanga o Ng훮ti Awa
| Annual Report 2015
27
Te Rūnanga o Ngāti Awa Notes the Financial Statements TetoRūnanga o Ngāti Awa For Te the year ended 30 Statements June Notes toRūnanga the Financial o Ngāti Awa2015 For the ended 30 Statements June 2015 Notes toyear the Financial For the year ended 30 June 2015 Ngāti Hikakino and Ngai Te Rangihouhiri II Hapu
NOTES TO THE FINANCIAL STATEMENTS
The Rotoehu West forest is held by the Rūnanga on behalf of the Ngāti Hikakino and Ngai Te Rangihouhiri II Hapu. 27 Ngāti Hikakino and Ngai Te Rangihouhiri II Hapu The Rotoehu West forest is held by the Rūnanga on behalf of the Ngāti Hikakino and Ngai Te Rangihouhiri II Hapu. 27 The Ngātiforest, Hikakino andcredits Ngai Te II Hapu carbon andRangihouhiri associated rental income the Rūnanga has collected on the hapu's behalf will be transferred to the hapu once a governance been established with mandate from of thethe hapu and title passed from Te theRangihouhiri Crown to theIIRūnanga. It is proposed the hapu enter into The Rotoehuentity Westhas forest is held by the Rūnanga on behalf Ngāti Hikakino and Ngai Hapu. The forest, carbon credits and associated rental income thefor Rūnanga has collected onforests. the hapu's behalf will be transferred to the hapu once a a management agreement with Ngāti Awa Forests Limited the management of the governance entity has been established with mandate from the hapu and title passed from the Crown to the Rūnanga. It is proposed the hapu enter into The forest, carbon credits and associated rental income the Rūnanga has collected on the hapu's behalf will be transferred to the hapu once a a management agreement with Ngāti Awa Forests Limited for the management of the forests. governance entitythe hascash beencomponent established with mandate from the hapu title held, passed from the Crownwas to the Rūnanga. It is new proposed hapu In October 2011, (including term deposits) of theand assets totalling $1.53m, transferred to the Hapu the entity. Asenter at 30into June a management with Forests Limited forNgai the management of the forests. 2015, remainingagreement assets held on Ngāti behalfAwa of Ngāti Hikakino and Te Rangihouhiri II Hapu totalled $3m (2014: $2.79m). In October 2011, the cash component (including term deposits) of the assets held, totalling $1.53m, was transferred to the new Hapu entity. As at 30 June 2015, remaining assets held on behalf of Ngāti Hikakino and Ngai Te Rangihouhiri II Hapu totalled $3m (2014: $2.79m). October 2011, the cash component (including term deposits) of the assets held, totalling $1.53m,Group was transferred to the new Hapu entity. As at 30 June 28 In Term Loans Parent 2015, remaining assets held on behalf of Ngāti Hikakino and Ngai Te Rangihouhiri II Hapu totalled $2.79m). 2015 $3m (2014: 2014 2015 2014 28 Term Loans Group Parent $000's $000's $000's $000's 2015 2014 2015 2014 28 Current Term Loans Group Parent liabilities $000's $000's $000's $000's ANZ mortgage 6,281 2015 2014 2015 2014 Current liabilities Westpac mortgage 900 $000's$000's $000's $000's ANZ mortgage 6,281 Currentportion liabilities Current of loan from Housing NZ Corporation 45 45 Westpac mortgage 900 ANZ mortgage -45 6,281 7,226 Current portion of loan from Housing NZ Corporation 45 45 Westpac mortgage 900 45 7,226 Current portion of loan from Housing NZ Corporation 45 45 Non-current liabilities 45 7,226 ANZ Mortgage 7,576 --Non-current liabilities Loan from Housing NZ Corporation 557 602 ANZ Mortgage 7,576 Non-current liabilities ASB mortgage 250 250 Loan from Housing NZ Corporation 557 602 ANZ Mortgage 7,576 8,383 852 ASB mortgage 250 250 Loan from Housing NZ Corporation 557 602 8,383 852 ASB mortgage 250 250 Westpac mortgage 8,383 This loan was raised in June 2010 to purchase a dairy herd and farm plant for Ngāti Awa Farms (Rangitaiki) Joint852 Venture. The loan- is secured by a Westpac mortgage mortgage over the farm land on Western Drain Road, Whakatane. The loan was for 5 years, and was transferred to the ANZ on maturity in June 2015. 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 Westpac mortgage mortgage over the farm land on Western Drain Road, Whakatane. The loan was for 5 years, and was transferred to the ANZ on maturity in June 2015. 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, Whakatane. The loan was for 5 years, and was transferred to the ANZ on maturity in June 2015. ANZ mortgage Two loans with the ANZ are currently held. The first was initially raised during June 2013 to purchase a dairy farm for Tumurau Limited Partnership. The ANZ mortgage loan is secured by a mortgage over the farm land on Braemar Road, Whakatane. The loan was fixed in May 2015 for four years (maturing May 2019) at Two loans with ANZ are currently Theon first was initially raised June to purchase dairy farm for2015 Tumurau Limited Partnership. The an interest rate the of 5.15%, with interestheld. charged a monthly basis. Theduring interest rate2013 charged is 5.15%aas at 30 June (2014: 5.38%). The second ANZ mortgage loan secured by a mortgage the farm land on Braemar Road, by Whakatane. The Farms loan was fixed in May 2015 for four (maturing May of 2019) at loan is was in June toover replace the The Westpac Mortgage the Ngāti Awa (Rangitaiki) Joint Venture as years part of the purchase theThe Two loansraised with the ANZ 2015 are currently held. first was initiallyheld raised during June 2013 to purchase a dairy farm for Tumurau Limited Partnership. an interest ratefarm of 5.15%, with interest chargedFonterra on a monthly The interest charged is 5.15% as atfarm 30 June 2015 (2014: 5.38%). The second dairy and alongside additional sharebasis. purchases and therate establishment another house on the property. The loan is forata loan isherd secured by a plant, mortgage over the farm land on Braemar Road, Whakatane. The loan was of fixed in May 2015 for four years (maturing May 2019) loan was raised in (maturing June 2015June to replace the Westpac Mortgage held by Ngāti Awa Farms Venture part of the ofrate the of term of four years 2019)charged secured mortgage overThe thethe farm land. loan (Rangitaiki) was fixedas inJoint June 2015 2015 foras four years at purchase an interest an interest rate of 5.15%, with interest onbya amonthly basis. interest rate The charged is 5.15% at 30 June (2014: 5.38%). The second dairy herd and farm plant, on alongside additional Fonterra share purchases and the establishment of another farm house on the property. The loan is for a 5%, with atomonthly loan was interest raised incharged June 2015 replacebasis. the Westpac Mortgage held by the Ngāti Awa Farms (Rangitaiki) Joint Venture as part of the purchase of the term of four years (maturing June 2019) secured by a mortgage over the farm land. The loan was fixed in June 2015 for four years at an interest rate of dairy herd and farm plant, alongside additional Fonterra share purchases and the establishment of another farm house on the property. The loan is for a 5%, with interest charged on a monthly basis. term of four years (maturing June 2019) secured by a mortgage over the farm land. The loan was fixed in June 2015 for four years at an interest rate of Loan from Housing NZ Corporation 5%, with interest charged on a monthly basis. 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 Loan Corporation years,from whichHousing expired NZ in November 2014. Principal only is payable from when the loan is drawn down. The loan is secured by a mortgage on the This loan was raisedresidential to purchase and renovate respective Wairaka properties (2014:residential same). properties at Wairaka, Whakatāne. The loan is for 25 years and is interest free for the first 10 Loan from Housing NZ Corporation years, which expired in November 2014. Principal only is payable from when the loan is drawn down. The loan is secured by a mortgage on the 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 respective Wairaka residential properties (2014: same). years,mortgage which expired in November 2014. Principal only is payable from when the loan is drawn down. The loan is secured by a mortgage on the ASB respective Wairaka properties (2014:advance same). to Ngāti Awa Group Holdings Limited to enable it's subsidiary Ngāti Awa Fisheries Limited to This loan was raisedresidential to make an intercompany ASB investmortgage 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 6.01% p.a. This loan was p.a.). raisedThe to make an intercompany advance (2014: 5.30% loan matures on 15 March 2017.to Ngāti Awa Group Holdings Limited to enable it's subsidiary Ngāti Awa Fisheries Limited to ASB mortgage 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 6.01% p.a. This loan was raised to make an intercompany advance to Ngāti Awa Group Holdings Limited to enable it's subsidiary Ngāti Awa Fisheries Limited to (2014: 5.30% p.a.). The loan matures on 15 March 2017. 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 6.01% p.a. (2014: 5.30% p.a.). The loan matures on 15 March 2017. 29 Reconciliation of Surplus to Cash Flow from Operating Activities Group Parent 29 Reconciliation of Surplus to Cash Flow from Operating Activities 2015 2014 2015 2014 Group Parent 29 Reconciliation of Surplus to Cash Flow from Operating Activities $000's $000's $000's $000's 2015 2014 2015 2014 Profit/(Loss) before tax for the Year 2,405Group 6,000 (282)Parent 3,840 $000's $000's $000's $000's 2015 2014 2015 2014 Profit/(Loss) before tax for the Year 2,405 6,000 (282) 3,840 $000's $000's $000's $000's Adjust for Non-Cash Items Profit/(Loss) tax for the Year 2,405 6,000 (282) 3,840 Depreciation before / Amortisation 577 599 291 303 Adjust for Non-Cash Items Bad Debts Expense 27 119 Depreciation / Amortisation 577 599 291 303 Forgiveness of relatedItems party loan (139) Adjust for Non-Cash Bad Debts Expense 27 119 Depreciation / Amortisation 577 599 291 303 Fixed asset sale loss 28 31 Forgiveness of related party loan (139) Bad Debts Expense 119 Revaluation gains (3,832) (3,808) -27 Fixed asset sale loss 28 31 Forgiveness(gain)/loss of related party loan (139) Impairment (20) 280 Revaluation gains (3,832) (3,808) Fixed asset sale loss 31 non-cash dividend -28 (3,418) Impairment (gain)/loss (20) 280 Revaluation gains (3,832) (3,808) Rental income (143) (143) non-cash dividend (3,418) Impairment (gain)/loss (20) 280 (3,418) (3,044) 179 (2,965) Rental income (143) (143) non-cash dividend (3,418) (3,418) (3,044) 179 (2,965) Rental for income (143) (143) Adjust items classified as Investing or Financing Activities (1,037) (1,242) (1,116) (1,272) (3,418) (3,044) 179 (2,965) (1,037) (1,242) (1,116) (1,272) Adjust for items classified as Investing or Financing Activities (1,037) (1,242) (1,116) (1,272) Add/Less Movements in Working Capital (1,037) (1,242) (1,116) (1,272) Adjust for items classified as Investing Financing Activities (1,037) (1,242) (1,116) (1,272) (Increase)/Decrease in Trade and OtherorReceivables 2,680 (1,282) 626 (612) Add/Less Movements in Working Capital (1,037) (1,242) (1,116) (1,272) (Increase)/Decrease in Other Assets 72 98 60 (51) (Increase)/Decrease in Trade and Other Receivables 2,680 (1,282) 626 (612) (Increase)/Decrease in Livestock onCapital Hand 698 Add/Less Movements in Working (Increase)/Decrease in Other Assets 72 98 60 (51) (Increase)/Decrease 2,680 (1,282) 626 (612) (Decrease)/Increase in Trade and Other Receivables Payables (554) 1,044 238 (13) (Increase)/Decrease in Livestock on Hand 698 (Increase)/Decrease in Income Other Assets 72 98 (51) (Decrease)/Increase Received in Advance (132) 16 -60 (8) (Decrease)/Increase in Trade and Other Payables (554) 1,044 238 (13) (Increase)/Decrease in Balances Livestock with on Hand 698 - (9) Increase/(Decrease) subsidiaries (Decrease)/Increase in Income Received in Advance (132) 16 (8) (Decrease)/Increase in Other Trade and Other Payables (554) 1,044 238 Increase/(Decrease) (52) (57) -(13) Increase/(Decrease) in Balances with subsidiaries (9) (Decrease)/Increase in Income Received in Advance (132) 16 (8) 2,712 (124) 858 (684) Increase/(Decrease) in Other (52) (57) Increase/(Decrease) in Balances with subsidiaries (9) 2,712 (124) 858 (684) Increase/(Decrease) in Other (52) (57) 662 1,590 (361) (1,081) Net Cash (Used in)/From Operating Activities 2,712 (124) 858 (684) 662 1,590 (361) (1,081) Net Cash (Used in)/From Operating Activities Net Cash (Used in)/From Operating Activities
In Commemoration of Te Kupenga & World War 1 662
1,590
(361)
(1,081)
73
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
30 Investments in Subsidiaries and Joint Ventures
Name
Class of Share
Subsidiaries Ngāti Awa Group Holdings Limited
Ordinary
# Ownership Interest Held 30 June 30 June 2015 2014 100%
100%
Balance Date
Principal Activity
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
Ordinary
100%
100%
30 June
General Partner of Tumurau Limited Partnership
-
68%
68%
30 June
Dairy Farming
-
16%
16%
31 March
Fish Quota Leasing
Ordinary
16%
16%
31 March
Fish Quota Leasing
Tumurau GP Limited
Tumurau Limited Partnership
Joint Ventures Mataatua Fisheries Collective Mataatua Quota ACE Holdings Limited
74
Te Rūnanga o Ngāti Awa
| Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
31 Related Party Transactions Balances with Subsidiaries are held as follows:
Statement of Financial Position Current Assets Owing by Subsidiaries
2015 $000's
Parent
2014 $000's
- Ngāti Awa Asset Holdings Limited - Ngāti Awa Research & Archives
354 4 358
354 354
Non-Current Assets Loans Owing by Subsidiaries
- Ngāti Awa Asset Holdings Limited
7,883 7,883
7,883 7,883
Current Liabilities Owing to Subsidiaries Owing to Subsidiaries
- Ngāti Awa Group Holdings Limited - Development Ngāti Awa
-
139 139
13 13
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 6.70% p.a. as at 30 June 2015 (2014: 5.90% p.a.).
Receipts and Payments with Subsidiaries
Receipts Administration Fees Income
Farm Lease Income Interest Dividend
Payments Radio Station Funding Grants
- 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 Asset Holdings Limited
- Ngāti Awa Properties Limited - Development Ngāti Awa - Ngāti Awa Research & Archives
2015 $000's 32 546 1,000 1,578
Parent
2014 $000's
30 1 182 213
In Commemoration of Te Kupenga & World War 1
39 39 27 39 3 66 490 1,000 1,703
30 30
75
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
31 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 2015 and 30 June 2014 the following professional fees were paid to Board Members:
2015 $000's
Group
1
2014 $000's -
2015 $000's
-
Parent
2014 $000's -
Board Member Ms M Dodd
Nature of fees Appointments & Remuneration
M Glen
Audit, Finance & Risk committee
2
-
M Paul
Appointments & Remuneration
1
-
1
-
D Hunia
Appointments & Remuneration Audit, Finance & Risk committee Chair of Ngāti Awa Group Holdings Limited, Farms Board, Audit Finance & Risk, & Investment Committee Appointments & Remuneration
1
-
1
-
32
-
P Quinn
S Nicholson Mr J Mason
Rūnanga consultancy and Kaumatua of Ngāti Awa Group Holdings Limited Member of the Executive Committee, and Ngāti Awa Research and Archives contract work Director of Ngāti Awa Group Holdings Limited and member of Audit, Finance, & Risk Committee
Mr P Ngaropo
Ms R O'Brien
1
-
-
-
1
57
1
-
60
35
60
35
48
45
48
45
12
3
158
140
-
-
112
80
Board Members were paid $95,000 in meeting fees for the year ended 30 June 2015 (2014: $100,000), which includes the Chairman's and Deputy Chairman's honorarium payments. Indemnity insurance of $16,000 (2014: $15,000) was paid on behalf of the Board Members.
Payments to the Chairman of the Board Fees Paid to J Mason
2015 $000's
Group
45
Payments to Key Management Personnel Key management personnel and their direct reports costs are $418,000 (2014: $378,000) for the Group.
76
Te Rūnanga o Ngāti Awa
| Annual Report 2015
2014 $000's 35
2015 $000's
Parent
45
2014 $000's
35
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
32 Operating Lease Commitments Non-cancellable operating lease rentals are payable as follows: Group 2015 2014 $000's $000's 214 186 204 186 326 43 20 22 764 437
Commitments Due - within 1 year - in 1 year to 2 years - in 2 years to 5 years - greater than 5 years
2015 $000's -
Parent
2014 $000's -
Non-cancellable operating lease rentals are receivable as follows. These relate to operating lease rentals on investment properties and forestry land.
Group 2015 2014 $000's $000's 1,366 1,373 1,366 1,373 4,099 4,119 38,829 39,415 45,660 46,280
Commitments Due - within 1 year - in 1 year to 2 years - in 2 years to 5 years - greater than 5 years
2015 $000's 66 66 198 2,310 2,640
Parent
2014 $000's
30 30 90 90 240
33 Capital Commitments The Group has committed capital to Cleary Wealth Management, remaining capital commitment as at 30 June 2015 is USD$168,317 (2014: USD$323,485). Manu Hou Limited Partnership has committed capital of $5 million to Direct Capital IV. As at 30 June 2015 $2,801,454 has been called (2014: $2,639,939). The Group has no other capital commitments as at 30 June 2015 (2014: Nil).
34 Contingent Assets and Liabilities Contingent Liabilities The Group is involved in a rent dispute with the Ministry of Education in relation to Whakatane High School, Ohope Beach School and Apanui School following the 5 year rent review that occurred in 2015. 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. As at 30 June 2015, Ngāti Awa Properties was in the process of working through the dispute processes as set out in the lease agreements. The Group had no other contingent liabilities as at 30 June 2015 (2014: Nil).
In Commemoration of Te Kupenga & World War 1
77
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
35 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 2015 Assets per Statement of Financial Position Other Investments Trade and other receivables Cash and Cash Equivalents
Loans and Receivables $000's 831 17,026 17,857
Assets at Fair Value through Profit or Loss $000's 18,303 18,303
Liabilities per Statement of Financial Position Term Loans Trade and other payables
Available for Sale $000's 9,344 9,344
Carrying Value Total $000's 27,647 831 17,026 45,504
Other financial liabilities at amortised cost $000's 8,428 1,143 9,571
Carrying Value Total $000's 8,428 1,143 9,571
Available for Sale $000's 13,430 13,430
Carrying Value Total $000's 34,873 2,747 6,634 44,254
Other financial liabilities at amortised cost $000's 8,078 1,653 9,731
Carrying Value Total $000's 8,078 1,653 9,731
There are no material financial assets that are past due or impaired.
30 June 2014 Assets per Statement of Financial Position Other Investments Trade and other receivables Cash and Cash Equivalents
Loans and Receivables $000's 2,747 6,634 9,381
Liabilities per Statement of Financial Position Term Loans Trade and other payables
78
Te Rūnanga o Ngāti Awa
| Annual Report 2015
Assets at Fair Value through Profit or Loss $000's 21,443 21,443
TetoRūnanga o Ngāti Awa Notes the Financial Statements Notes toyear the Financial For the ended 30 Statements June 2015 For the year ended 30 June 2015 35 Financial Assets and Liabilities (continued) table below the financial assets and liabilities by class and category, consistent with the Rūnanga and Group's accounting policies. 35 The Financial Assetsanalyses 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 Parent 30 June 2015 30 June 2015 Assets per Statement of Financial Position Trade and receivables Assets perother Statement of Financial Position Owing and by Subsidiaries Trade other receivables Other Financial Assets at Fair Value Owing by Subsidiaries through Profit or Loss at Fair Value Other Financial Assets Cash andProfit Cashor Equivalents through Loss
Loans and Receivables Loans and $000's Receivables $000's 95 8,241 95
Assets at Fair Value Assets at through Fair Value Profit or Loss through $000's Profit or Loss $000's--
8,241 647 8,983 647
Cash and Cash Equivalents
-
25
-25 -25 25
8,983
Liabilities per Statement of Financial Position Trade and per otherStatement payables of Financial Position Liabilities Owing to subsidiaries Trade and other payables Owing to subsidiaries
Available for Sale Available $000's for Sale $000's---Other financial Other liabilities financial at liabilities amortised cost at amortised $000's cost 691 $000's 13 691 704 13 704
30 June 2014 30 June 2014 Assets per Statement of Financial Position Trade receivables Assetsand perother Statement of Financial Position Owing and by Subsidiaries Trade other receivables Other Financial Assets at Fair Value Owing by Subsidiaries through Profit or Loss at Fair Value Other Financial Assets Cash andProfit Cashor Equivalents through Loss
Loans and Receivables Loans and $000's Receivables $000's 47 8,237 47
Assets at Fair Value Assets at through Fair Value Profit or Loss through $000's Profit or Loss $000's--
8,237 115 8,399 115
Cash and Cash Equivalents
-
25
-25 -25 25
8,399
Liabilities per Statement of Financial Position Trade and per otherStatement payables of Financial Position Liabilities Owing to subsidiaries Trade and other payables Owing to subsidiaries
Available for Sale Available $000's for Sale $000's---Other financial Other liabilities financial at liabilities amortised cost at amortised $000's cost 453 $000's 139 453 592 139 592
The carrying value of the financial assets and liabilities is an approximation of the fair value. There are no value material financial assets thatand areliabilities past dueisoran impaired. The carrying of the financial assets approximation of the fair value.
Carrying Value Carrying Total Value $000's Total $000's95 8,241 95 8,241 25 647 25 9,008 647 9,008
Carrying Value Carrying Total Value $000's Total 691 $000's 13 691 704 13 704
Carrying Value Carrying Total Value $000's Total $000's47 8,237 47 8,237 -25 115 25 8,424 115 8,424
Carrying Value Carrying Total Value $000's Total 453 $000's 139 453 592 139 592
There are no material financial assets that are past due or impaired. 36 Liquidity Analysis for Financial Liabilities The table Analysis below summarises the cash flows payable by the Rūnanga and Group for financial liabilities by remaining contract maturity at the statement of 36 Liquidity for Financial Liabilities financial position date. The amounts disclosed in the table are the contractual undiscounted cash flows. 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 Between Between Less than 1 and 2 2 and 5 Over Group Between Between 1 year 5Over years Total Less than 1years and 2 2years and 5 30 June 2015 $000's $000's $000's $000's 1 year years years 5$000's years Total Term Loans 694 8,460 332 9,935 30 June 2015 $000's 449 $000's $000's $000's $000's Trade and other payables 1,143 1,143 Term Loans 449 694 8,460 332 9,935 1,592 694 8,460 332 11,078 Trade and other payables 1,143 1,143 30 June 2014 Term Loans 30 June 2014 TradeLoans and other payables Term Trade and other payables Parent Parent 30 June 2015 Trade and other payables 30 June 2015 Owing by subsidiaries Trade and other payables Owing by subsidiaries 30 June 2014 Trade and other payables 30 June 2014 Owing by subsidiaries Trade and other payables Owing by subsidiaries
1,592
694
8,460
332
11,078
7,592 1,653 7,592 9,245 1,653 9,245
58 -58 -58
440 440 440 440 Between 2 and 5 Between 2years and 5 $000's years $000's---
377 377 377 377
8,467 1,653 8,467 10,120 1,653
Less than 1 year Less than $000's 1 year $000's 691 13 691 704 13 704
58 Between 1 and 2 Between 1years and 2 $000's years $000's---
Over 5Over years 5$000's years $000's---
10,120
Total $000's Total $000's691 13 691 704 13
-
-
-
704
453 139 453 592 139
---
---
---
453 139 453 592 139
592
-
-
-
592
In Commemoration of Te Kupenga & World War 1
79
Te R큰nanga o Ng훮ti Awa Notes to the Financial Statements For the year ended 30 June 2015
NOTES TO THE FINANCIAL STATEMENTS 37 Sensitivity Analysis The table below summarises the impact on profit before tax and net assets attributable to equity should interest rates and other price risks move by the percentages incorporated in the table and assuming all other variables remain constant. Group
Financial Assets Cash and Cash Equivalents $000's 17,026
30 June 2015 Carrying Amount Interest Rate Risk
Other Price Risk
-1% Profit Equity 1% Profit Equity
Trade and Other Receivables $000's 831
(170) (170) 170 170
-10% Profit Equity 10% Profit Equity
-
Financial Liabilities
Investments $000's 27,647
30 June 2014 Carrying Amount Interest Rate Risk
Other Price Risk
-1% Profit Equity 1% Profit Equity
-10% Profit Equity 10% Profit Equity
Term Loans $000's 8,428
-
40 (40)
-
79 79 (79) (79)
-
(2,365) (2,157) 2,306 2,098
-
-
Financial Assets Cash and Cash Equivalents $000's 6,634
Trade and Other Payables $000's 1,143
Trade and Other Receivables $000's 1,599
Financial Liabilities
Investments $000's 36,273
Trade and Other Payables $000's 1,653
Term Loans $000's 8,078
(66) (66) 66 66
-
79 (79)
-
74 74 (74) (74)
-
-
(2,701) (2,493) 2,643 2,434
-
-
37 Sensitivity Analysis (continued) Financial Assets
Parent Cash and Cash Equivalents $000's 647
30 June 2015 Carrying Amount Interest Rate Risk
Other Price Risk
-1% Profit Equity 1% Profit Equity -10% Profit Equity 10% Profit Equity
Trade and Other Receivables $000's 95
(6) (6) 6 6 -
Financial Liabilities
Investments $000's 25
Owing by Subsidiaries $000's 8,241
30 June 2014 Carrying Amount Interest Rate Risk
Other Price Risk
80
-1% Profit Equity 1% Profit Equity
-
(82) (82) 82 82
-
-
-
-
-
-
-
-10% Profit Equity 10% Profit Equity
Te R큰nanga o Ng훮ti Awa
Trade and Other Receivables $000's 47
(1) (1) 1 1 -
| Annual Report 2015
Owing to Subsidiaries $000's 13
-
Financial Assets Cash and Cash Equivalents $000's 115
Trade and Other Payables $000's 691
Financial Liabilities
Investments $000's 25
Owing by Subsidiaries $000's 8,237
Trade and Other Payables $000's 427
Owing to Subsidiaries $000's 139
-
-
(82) (82) 82 82
-
-
-
-
-
-
-
Te RĹŤnanga o NgÄ ti Awa Notes to the Financial Statements For the year ended 30 June 2015
NOTES TO THE FINANCIAL STATEMENTS 38 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 2015 for the group:
Group
Level 1 $000's
30 June 2015 Assets per Statement of Financial Position - Bond Portfolio - Listed shares - Unit Trusts - Cleary Wealth Management - Unit Trusts - JB Were Wealth Management - Direct Capital IV - AFL shares - Limited Partnership - ICP Koura Collective Total assets 30 June 2014 Assets per Statement of Financial Position - Bond Portfolio - Listed shares - Unit Trusts - Cleary Wealth Management - Unit Trusts - JB Were Wealth Management - Direct Capital IV - AFL shares - Limited Partnership - ICP Koura Collective Total assets
Level 2 $000's
Level 3 $000's
Total $000's
2,779 13,677 16,456
3,996 59 4,055
713 3,753 2,082 588 7,136
3,996 2,838 713 13,677 3,753 2,082 588 27,647
3,008 14,110 17,118
7,860 59 7,919
1,136 6,030 2,082 588 9,836
7,860 3,067 1,136 14,110 6,030 2,082 588 34,873
The following table presents the changes in level 3 instruments, for the Group: Unit Trusts - Cleary Wealth Management Balance at beginning of the year Reclassify level 2 equities as level 3 Increase due to contributions called Decrease due to realisation Total fair value gains/(losses) recorded in the statements of comprehensive income Balance at end of the year Direct Capital IV Balance at beginning of the year Increase due to acquisitions Decrease due to realisation Total fair value gains recorded in the statements of comprehensive income Balance at end of the year
2015 $000's 1,136 208 (313) (318) 713
2014 $000's 1,654 1,221
6,030 93 (2,525) 155 3,753
3,564 292 2,174 6,030
(1,451) (288) 1,136
AFL Shares No changes have occurred in the current period (2014: same) Limited Partnership - ICP Koura Collective Balance at beginning of the year Increase due to acquisitions Decrease due to capital returned Balance at end of the year
588 588
In Commemoration of Te Kupenga & World War 1
588 588
81
NOTES TO THE FINANCIAL STATEMENTS Te Rūnanga o Ngāti Awa Notes to the Financial Statements For the year ended 30 June 2015
38 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 of the underlying investments held by Direct Capital IV. 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 5% p.a. (2014: 2.5% p.a.) and a post tax discount rate of 8.2% (2014: 7.0%). 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 2015 for the parent: Parent 30 June 2015 Assets per Statement of Financial Position - Listed shares Total assets 30 June 2014 Assets per Statement of Financial Position - Listed shares Total assets
Level 1
Level 2
Level 3
Total
$000's
$000's
$000's
$000's
25 25
-
-
25 25
25 25
-
-
25 25
39 Events occurring after the reporting period The following event occurred after year end: Te Rūnanga o Ngāti Awa have completed negotiations with the Chief Executive in relation to her employment contract. The Group had no additional events occurring after the reporting period (2014: nil).
82
Te Rūnanga o Ngāti Awa
| Annual Report 2015
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 2014 the number of employees or former employees, not being governors, that received remuneration and other benefits in their capacity as employees where the value exceeded $100,000 per annum were: $110,000 - $120,000 1 employee $180,000 - $190,000 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 30 June 2015, the following board attendance fees, other meetings fees, and professional fees were paid to Board Members. Name Miro Araroa Materoa Dodd
Board TRONA TRONA
Meeting Fee $1,890 $1,890
Manurere Glen
TRONA
$1,890
Meri Hepi Hakahaka Hona Dayle Hunia
TRONA TRONA TRONA
$1,890 $1,260 $1,890
Keld Hunia Aubrey Kohunui Putiputi Koopu Joe Mason (Chair)
TRONA TRONA TRONA TRONA
$1,575 $1,890 $1,575 $45,000
Te Kei Merito Alfred Morrison Pouroto Ngaropo (Deputy Chair) Serenah Nicholson
TRONA TRONA TRONA
$1,260 $945 $13,500
TRONA
$1,575
Regina O’Brien
TRONA
$1,890
Tuwhakairiora O’Brien Maanu Paul
TRONA TRONA
$1,575 $1,890
Paul Quinn
TRONA
$1,575
Stanley Ratahi Mihipeka Sisley Manukorihi Tarau Marcia Wahapango
TRONA TRONA TRONA TRONA
$1,890 $1,575 $1,575 $1,890
Other Board / Committees
Other Fees Paid
Appointment and Remuneration Committee Audit, Finance, and Risk Committee
$1,200
Audit, Finance, and Risk Committee
$1,200
Fisheries Consultant NAGHL Director (ex-officio) Ngāti Awa Farms Director
$35,000 $22,500 $1,875
Cultural Advisory Consultant
$44,511
Appointment and Remuneration Committee NAGHL Director Audit, Finance, and Risk Committee Ngāti Awa Farms Director
$1,200
Appointment and Remuneration Committee NAGHL Chairman Ngāti Awa Farms Director
$300
$1,500
$11,250 $1,500 $1,125
$27,375 $1,500
In Commemoration of Te Kupenga & World War 1
83
Debbie Birch Anthony de Farias Peter Drummond Heta Hudson
NAGHL NAGHL NAGHL NAGHL
$11,250 $11,250 $11,250 $11,250
Tiaki Hunia Waaka Vercoe
NAGHL NAGHL (ex-officio)
$11,250 $22,500
Harawira Gardiner
Ngati Awa Farms Director Ngāti Awa Farms Director Ngāti Awa Farms Director
$750
Ngāti Awa Farms Director Ngāti Awa Farms Director Audit, Finance, and Risk Committee (Chair) Ngāti Awa Research & Archives Trustee Ngāti Awa Research & Archives Trustee Ngāti Awa Research & Archives Trustee Ngāti Awa Research & Archives Trustee
$750
Leslie Stowell Wilhelm Studer Charlie Elliot Graham Pryor Suzanne Read Peter Taylor Te Rauotehuia Chapman Adrian Jaram Sir Hirini Mead Sharon Tutua
84
Te Rūnanga o Ngāti Awa
$3,000 $3,000
$1,875 $8,750 $450 $450 $450 $300
| Annual Report 2015
Investment Committee
$1,500
Audit, Finance, and Risk Committee Investment Committee Ngāti Awa Farms (Chair) Audit, Finance, and Risk Committee Ngāti Awa Farms Director
$1,500 $1,500 $1,125 $1,500 $1,875
ANNUAL GENERAL MEETING SATURDAY 5 DECEMBER 2015 Mataatua
Te Mānuka Tūtahi 105 Muriwai Drive, Whakatāne
Te Rūnanga o Ngāti Awa Ngāti Awa House, 4-10 Louvain Street Whakatāne 3120, PO Box 76, Whakatāne 3158
Freephone: 0800 464 284 Telephone: 64 7 307 0760 Fax: 64 7 307 0762 Email: runanga@ngatiawa.iwi.nz Website: www.ngatiawa.iwi.nz Website: www.ngatiawa.com