DWC MONTHLY UPDATE SEPTEMBER 2013 Financial Overview DWC’s investments increased in value in July, Total Assets have fallen from $121.5m in which saw the Trust record a surplus of $1.4m for March to $120.5m at 31 July 2013, but net the month. Year to date the trust has a surplus of assets (or equity) have increased from $103.5m $2m against a budget of $1.6m. to $104m. West Coast Construction Excitement building for business awards Alliance formed THE formation of a West Coast Construction needed to advertise. We are still working on Alliance is moving ahead with industry now how a collective will work but we see it as a thinking there may be more opportunities good opportunity for local businesses to see for West Coast businesses outside the how we all operate and potentially we could Christchurch rebuild. pitch for work together,” he says. A second meeting of the Alliance was Mr Conroy says he could see situations where held earlier this month with the group businesses could help each other and this was discussing how the construction, engineering something the Taranaki Alliance seemed to and manufacturing industries can work have done. collectively to maxmise opportunities. The group decided DWC should now obtain The 2012 gala awards night was one to remember. Nelia Heersink from DWC says while it was Taranaki’s code of ethics and adapt them to the initially thought the Alliance could target West Coast situation so they can be discussed he trophies are being designed and An independent judging panel spent three opportunities from the Christchurch rebuild at the next Alliance meeting crafted, evening wear dusted off and weeks going through all the entries before the group also discussed other prospects. DWC is providing initial secretariat final judging is nearly complete for their individual decisions were collated to “There is a feeling that collectively acting functions and co-ordinating meetings until the 2013 West Coast Leading Light determine the finalists. Now the judges are in the interests of the West Coast, rather the Alliance becomes fully functional. If TBusiness Excellence Awards. scrutinising the finalists once again to make than seeking individual commissions, you would like to attend the next Alliance The gala awards night dinner will be held their final decisions. will result in a wider common benefit. meeting please contact Nelia Heersink at at Shantytown on Friday 11 October. TVNZ DWC CEO John Chang says it is a wonderful The Plains Irrigation Scheme and its [email protected] or 03 768 1076. presenter Peter Williams is MC and the guest achievement to make the finals of the business resultant spin-offs and other areas outside speaker is Ganesh Nana, the Chief Economist awards. Canterbury that are not being serviced from Business and Economic Research “The West Coast business community has because of the demand on services by the company BERL. really embraced the awards which is wonderful. rebuild may offer more opportunities to a Sixteen businesses, from Westport to South They are a vehicle to demonstrate and highlight West Coast Alliance,” she says. Westland, are finalists in the seven different our successes to the outside world and also an A guest speaker from Venture Taranaki awards categories, with all finalists considered opportunity for the business community to outlined Taranaki’s experience in forming Oil for two new awards, the Hairy Lemon and The celebrate together,” says Dr Chang. and Gas, and Engineering industry alliances. IT Team Leading Light Innovation Award and Dr Chang says he would like to thank all the “He talked about how it was helpful to show the Radio Network Leading Light Rising Star sponsors for their support of the awards and a collective regional face at trade and other Award. The awards night culminates with the commitment to the West Coast region. The events and that by way of mutual support the naming of the overall Grey Star Leading Light platinum sponsor is the Greymouth Star. industry was able to keep work local,” says Mrs Super Nova Award. Gold sponsors are Westland Milk Products, Heersink. Event Manager Karen Mercer says after ACC, Duncan Cotterill, NZ Institute of Gradon Conroy from Hokitika company months of build-up it is great to be getting Management (Southern), Tourism West Design Windows says the first step is for West close to the gala night. Coast, PWC, Crombie Lockwood, The Radio Coast businesses to get together so they know DWC's Warren Gilbertson, facilitator Piet Beukman, Venture “I get the feeling as I talk to the businesses Network and Hairy Lemon and The IT Team. what each other can offer. Taranaki CEO Stuart Trundle, facilitator Richard MacGeorge, that the sense of excitement is growing, Silver sponsors are Buddle Findlay, ANZ, “There is a lot of local capability going DWC's Nelia Heersink and John Sturgeon at the Alliance especially as West Coast Film is out and about Monteith's, New World Greymouth and unrecognised as businesses previously haven’t meeting filming our finalists at the moment. It is a great BDO. CMP Kokiri, The Heartland Hotel and night and already tickets are over-subscribed,” Fox Glacier Guides have provided in-kind she says. sponsorship. Chairman’s Comment West Coast Leading Light Business Excellence Awards finalists DWC held its Annual Public Meeting in in 2009. The role of CEO is going to be a – Hokitika this year on 27 August. The meeting difficult one to fill because of the skills John Duncan Cotterill Leading Light Enterprise 30+ Award was well attended. To those people who took has brought to DWC. He has given the Trust MBC Contracting Ltd | WestReef Services Ltd the time to share the evening with staff and excellent direction and will be leaving DWC DOC – Franz Josef Waiau & South Westland Weheka areas Trustees, thank you once again for taking an in a good financial position. Personally, I have interest in your Trust. At the meeting, Trustees enjoyed working with him and believe we PWC – Leading Light Retail Award announced a strong end of year result for worked very well as a team as our skills were Greymouth Showcase Jewellers | Styliz Hair Salon DWC. Your Trust is committed to delivering very complementary. Lake Brunner Service Centre Limited triple bottom line results: Financial, Social, and Environmental. NZIM, Southern – Leading Light Service Award Pure Beauty and Massage | Hahana Day Spa | Riley Build Financial – DWC ended the year with a $5.4m net surplus and Total Assets of $122m. Crombie Lockwood – Leading Light Trades/Manufacturing/Primary Producer Award CYB Construction Limited | E-Quip Engineering Ltd | Riley Build Social – $50.1m committed and distributed to the West Coast community since 2001. Tourism West Coast – Leading Light Tourism Award Environmental - whilst a few of you might West Coast Wildlife Centre | Shantytown Heritage Park | Hahana Day Spa think this is an odd one out, looking after the Westland Milk Products – Leading Light Community/Charitable Organisation Award environment on the West Coast is important to DWC. This Trust is unashamedly pro- The Buller Gorge Marathon Trust | Westport Kindergarten Association employment and tourism, dairy farming West Coast Riding for the Disabled and mining all have an interdependent relationship with the health of the West Coast ACC – Leading Light Workplace Health and Safety Award environment. For this reason we have to make MBC Contracting Ltd | WestReef Services Ltd | Westport Kindergarten Association sure that the environment is looked after and that these industries are managed in a sustainable and responsible way, as the people of the West Coast have been doing for the last 150 years. Upcoming Events Recently I attended Grey District Council's HOW TO PROFIT FROM CUSTOMER SeRVIce opening of the Southern Breakwater Viewing 2-5pm, October 22 – Franz Josef Medical Centre DWC Chair John Sturgeon, Grey Mayor Tony Kokshoorn, DWC Christchurch-based Sales and Marketing Consultant Eddie Platform. This project is one of the many CEO John Chang and Grey District Council CEO Paul Pretorius Gibb will show you some practical ways to provide great 9am-noon, October 23 – Beachfront Hotel, Hokitika wonderful community projects being funded at the opening of Greymouth’s Southern Breakwater Viewing customer service while still maximising opportunities to 5-8pm, October 23 – Kingsgate Hotel, Greymouth by DWC's Extraordinary Distribution Fund Platform. make profitable sales. 9am-noon, October 24 – Westport Bridge Club (EDF) up and down the Coast in partnership John Sturgeon Cost: $100 per person. For bookings, please register at 03 768 1076 or [email protected]. with the three district councils. The design and the building of the Viewing Platform is an Chairman BUSINESS BREAKFASTS 7.30am, October 23 innovative way to enhance the stunning vista of the Tasman Ocean. Guest speaker - Sales and Marketing Consultant Eddie Gibb Hokitika, venue to be advised For further information, contact: who has 40 years experience running a small business. 7.30am, October 24 Finally, like many of you, I was saddened to John Sturgeon, Chair, receive news of the resignation of our CEO, Cost: $20. RSVP to Nelia: [email protected] or 03 768 1076. Denniston Dog – 18 Wakefield Street, Westport or John Chang, CEO Dr John Chang. John joined DWC back (03) 768 0140 or 0800 768 0140.