Te Runanganui o Ngati Porou RIPOATA A TAU 2018 Nga Rarangi Korero Maimai Aroha Contents
1 Nga Kaitiaki o Te Runanganui o Ngati Porou Te Runanganui o Ngati Porou Elected Representatives 3 Mana Whakahaere Organisational Structure 5 Te Kaupapa Rautaki Strategic Plan 7 Te Whakatoputanga o Nga Piuta Group Financial Performance at a Glance 9 Nga Korero a te Tiamana Chairman’s Report 11 Te Ripoata a te Kaihautu Chief Executive’s Report 13 Whanau Oranga 15 Toitu Ngati Porou Heni Whakamaungarangi Tawhiwhirangi Josephine Oriwia Tangaere 17 Ngati Porou Hauora Mema Poari o Te Runanganui o Ngati Porou Kaimahi o Te Runanganui o Ngati Porou Ngati Porou Holding Company 19 Haere e te koka o te Wiwi Nati, o to iwi Moe mai e te tuahine, e te hoa, e Josie. 25 Te Ngako o Nga Korero mo Nga Piuta a Ngati Porou. Moe mai i roto i te aroha o te Kaihanga. Financial highlights and commentary Takahia koe i te ara whanui ki te Runga Rawa, Okioki koe i te okiokitanga o nga matua ki o matua tipuna. tipuna i te taha o to tama. 35 Kaimahi Ka mihi, ka tangi hei konei ra e TRONPnui staff E Heni, hei konei ra.
Cover: Ko Hikurangi te Maunga, Ko Waiapu te Awa, Ko Ngati Porou te Iwi. Potikirua Wharekahika 1 Nga Kaitiaki o Te Runanganui o Ngati Porou 2
Te Araroa Te Runanganui o Ngati Porou Elected Representatives 3 4 5 6
Rohenga Representatives Marae Wharenui 7 Whangaokeno
Potikirua ki Rei Kohere Ani Pahuru-Huriwai 1. Potaka Te Pae o nga Pakanga 8 Te Whanau a Tarahauiti, Te Whanau-a- 2. Hinemaurea Tuwhakairiora Whangaokena 15 1 Te Whanau a Hunaara, Tuwhakairiora, Te Aotaki, 3. Punaruku Te Pikitanga o Kauwhakatuakina 14 13 4. Paerauta (Tutua) Tamakoro Ngutu Awa Te Whanau a Hinerupe, Te Aopare, Hinerupe. 9 5. Hinerupe Hinerupe 10 12 Te Whanau a Rerewa. 11 6. Matahi o te Tau Matahi o te Tau Tikitiki 16 7. Awatere Te Aotaihi 17 8. Te Kahika (Hurae) Hurae 18 20 19 Whangaokena ki Patrick Tangaere Matanuku Mahuika 9. Putaanga Putaanga Ngai Tane. Rakaimataura, Hinerupe 10. Kaiwaka Te Kapenga 27 21 Waiapu 26 25 24 2 (Ki Waiapu). 11. Rahui Rongomaianiwaniwa Ruatoria 12. Taumata o Tapuhi Te Aokairau 28 22 13. Hinepare Tairawhiti 30 14. Ohinewaiapu Ohinewaiapu 23 Hikurangi 29 15. Karuai Te Rehu o Karuai 33 31 32 40 Pohautea ki Lilian Tangaere-Baldwin Heni Tawhiwhirangi 16. Tikapa Pokai 39 17. Te Horo Rakaitemania 38 Te Onepoto Ngati Horowai, Te Aitanga Whanau a Rahuiokehu, 3 a Mate, Ngai Tane, Mahaki, Karuai, Hinerupe. 18. Waiomatatini Porourangi Te Puia Te Whanau a Umuariki. 19. Kakariki Rakaihoea 20. Tinatoka Tinatoka
34 35 Tokomaru Bay Te Onepoto ki Mei Reedy-Taare Tui Warmenhoven 21. Reporua Tu Auau 22. Umuariki Umuariki Rahuimanuka Te Aitanga a Mate, Ngati Rangi, Whanau a 36 4 Te Whanau a Rakairoa. Umuariki, Ngati Uepohatu, 23. Ruataupare Ruataupare 37 Ngati Horowai, Whanau 24. Mangahanea Hinetapora a Karuai, Te Whanau a 25. Uepohatu Uepohatu Ruataupare, Te Whanau a 26. Rauru (Taumata o Mihi) Rauru Nui a Toi 41 Te Aotawarirangi, 27. Te Heapera (Mangarua) Te Heapera Te Whanau a Apanui.
Rahuimanuka ki Selwyn Parata Te Rau Kupenga 28. Kariaka Ngati Porou 29. Hiruharama Kapohanga a Rangi Mataahu Te Aitanga a Mate, Te Aowera, Te Aitanga 5 Te Aowera, Te Whanau a a Mate. 30. Te Aowera Te Poho o Te Aowera 31. Whareponga Te Poho o Materoa 43 Rakairoa, Ngati Horowai, 42 32. Rongohaere (Pahou) Rongohaere 44 Whanau a Ruataupare, 46 Ngati Uepohatu. 33. Rongoitekai (Penu) Rongo i te kai Tolaga Bay
45 Mataahu ki Koroumatai Kody Na Raihania 34. Te Ariuru Te Poho o Te Aotawarirangi Pewhairangi 35. Waiparapara Te Poho o Te Tikanga Kokoronui Te Whanau a Ruataupare, 6 Te Whanau a Ruataupare, Te Whanau a 36. Pakirikiri Te Hono ki Rarotonga Te Whanau a Iritekura, Te Aotawarirangi 37. Tuatini Huiwhenua Ngati Ira, Te Whanau a 38. Iritekura Iritekura Apanui. 39. Taharora Mihi-Koinga 40. Te Kiekie Hau 47 Kokoronui ki Maui Tangohau Kelly Blackman 41. Anaura Hinetamatea Whangara 42. Hinemaurea ki Mangatuna Hinemaurea Te Toka a Taiau Nga hapu o Hauiti. Te Whanau a 7 Te Rangipureora, 43. Okuri Okuri Ngati Kuranui, Ngati Ira. 44. Puketawai Te Amowhiu 45. Hauiti Ruakapanga 46. Te Poho o Rawheoro Te Whare Wananga o Te Rawheoro 47. Whangara Waho te Rangi me Whitireia Te Toka a 48. Te Poho o Rawiri Te Poho o Rawiri Taiau
48 Gisborne
1 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 2 Te Runanganui o Ngati Porou Trustee Mana Whakahaere Limited Te Runanganui o Ngati Porou Trustee Limited Organisational Structure represents the collective interests of Ngati Porou iwi members, and is made up of 14 directors. The board exercises strategic governance over its subsidiaries – Toitu Ngati Toitu Ngati Porou board Porou, Ngati Porou Holding Company Ltd and Left to right: Lilian Tangaere-Baldwin (Chairperson – appointed Ngati Porou Hauora. The Chief Executive Officer April 2017), Amos Forrester, Rei Kohere, Wiki Gilvray and Amohaere Ngati Porou Houkamau. is responsible for operational activities on behalf of Te Runanganui o Ngati Porou.
Ngati Porou Holding Company Limited Te Runanganui o Ngati Porou Trustee Limited Ngati Porou Holding Company Ltd is the economic and wealth generation arm of Te Runanganui o Ngati Porou. Its five board members were appointed by Te Runanganui o Ngati Porou. Ngati Porou Holding Company Ltd looks after Ngati Porou Seafoods Group and Pakihiroa Farms Limited. It also manages the investment and forestry assets on behalf of Te Runanganui o Ngati Porou.
Toitu Ngati Porou Charitable Trust Toitu Ngati Porou is the cultural development and charitable distribution arm of Te Runanganui o Ngati Porou. It has five board members who were appointed by the Te Ngati Porou Hauora board Runanganui o Ngati Porou board. Left to right: Kylee Potae, Lois McCarthy Robinson, Teepa Wawatai (Chairperson) Ngati Porou Hauora Charitable Trust and Rose Kahaki (NPH CEO). Insert: Huti Ngati Porou Hauora provides health services Puketapu-Watson, Dr Julia Carr. to Ngati Porou/East Coast communities. It has five board members who were appointed by the Te Runanganui o Ngati Porou board. Left to right: Kelly Blackman, Heni Tawhiwhirangi, Maui Tangohau, Mei Reedy-Taare, Matanuku Mahuika, Kody Pewhairangi, Rei Kohere (Deputy Chair), Selwyn Parata (Chairman), Tui Warmenhoven, Patrick Tangaere, Ani Pahuru-Huriwai, Te Rau Kupenga, Lilian Tangaere-Baldwin and Na Raihania. Ngati Porou Seafoods Group and Pakihiroa Farms Limited Ngati Porou Seafoods Group and Pakihiroa Farms Limited are commercial subsidiaries of Ngati Porou Holding Company Ltd. They are each governed by their own boards who are Toitu Ngati Porou appointed by Ngati Porou Holding Company Ltd. Charitable Trust Te Runanganui o Ngati Porou Group Ngati Porou Holding Te Runanganui o Ngati Porou Group Corporate Services Company Ltd Corporate Services Ngati Porou Hauora Te Runanganui o Ngati Porou Group Corporate Charitable Trust Services provides operational support to Te Ngati Porou Pakihiroa Runanganui o Ngati Porou and its subsidiaries. Seafoods Group Farms Ltd
Whanau Oranga Matauranga Whanau Oranga and Matauranga Whanau Oranga and Matauranga deliver Ngati Porou Holding Company board social service and education services to Ngati Left to right: Tiwana Tibble, Kristen Kohere, Diana Puketapu, Matanuku Porou/East Coast communities on behalf of Mahuika (Chairperson) and Whaimutu Dewes. Te Runanganui o Ngati Porou.
3 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 4 Te Kaupapa K2: The Ngati Porou rohe and kaitiaki historical archives; and to their own WO5: More Ngati Porou households are proactive on future impacts such registration details. are achieving higher qualifications A TATAU POU / OUR GOALS Rautaki as climate change and risks to local and employment. Strategic Plan bio-security. M5: Ngati Porou education and industry sectors are creating more K3: Ngati Porou hapu and qualified workers for more skilled KEY communities have a strong network jobs and careers within the Ngati WHAI RAWA Rangatira (R) of kaitiaki over their environmental Porou economy WR1: Ngati Porou has access to Kaitiaki (K) resources. improved infrastructure, information, Matauranga (M) M6: A Ngati Porou talent database options and partnerships to achieve Whanau Oranga (WO) K4: Ngati Porou hapu have and directory is connecting Ngati higher value use of their lands and Whai Rawa (WR) structures, plans and monitoring Porou people to their marae, hapu, resources. systems in place to manage their iwi and taurahere initiatives. customary fisheries and takutai WR2: The Ngati Porou economy resources. includes more opportunities Whanau Rangatira Matauranga Whairawa Kaitiaki RANGATIRA for commerce based on IT; and K5: Ngati Porou hapu are nurturing WHANAU ORANGA supported by effective R&D. R1: Ngati Porou hapu have greater Te Mana o te Wai through freshwater authority, capability and capacity to WO1: Ngati Porou whanau are more TE REO O NGATI POROU ME ONA TIKANGA catchment plans and engagement in connected to each other and to their WR3: TRONPnui Group businesses protect and manage their customary council decision-making. land, marine and freshwater shared identity as Ngati Porou. are leading and supporting resources. Ngati Porou workforce & career K6: The Waiapu Accord with the WO2: Ngati Porou whanau are living development initiatives in our region. Crown is enabling Waiapu Koka R2: Ngati Porou taurahere have healthier lives and ensuring the Huhua – the long-term vision to physical and emotional well-being of WR4: The Treaty settlement and other increased capacity to connect with restore the Waiapu Catchment. A TATAU KAUPAPA and support Ngati Porou whanau as their members, young and old. commercial assets held by TRONPnui Ngati Porou. Group are all generating profits and K7: Effective erosion control WO3: Ngati Porou East Coast whanau gains in line with the Group’s SIPO Our Vision measures have been established for and communities have access to (Statement of Investment & Policy R3: Ngati Porou hapu and whanau the Waiapu and all other affected have greater capacity to foster and sustainable and meaningful primary Objectives). Te Whakapumau i te Mana Motuhake o Ngati Ngati Porou (and East Coast) lands. health care and social service Porou mo nga Uri Whakatipu. maintain their marae, language and tikanga. support. WR5: TRONPnui Group is increasing K8: Nga Whakahaere Takirua (The the amount of direct funding, and Ngati Porou Conservation Co- WO4: Ngati Porou whanau have Ngati Poroutanga development R4: Ngati Porou is effectively shaping Governance Strategy) is improving the Our Mission district council long-term plans, and improved access to affordable and initiatives, available to Ngati Porou condition and value of conservation quality housing. hapu, taurahere and collectives. Mahi ngatahi kia tu pakari ai a Ngati Porou. resource management decision- areas to Ngati Porou. making within the Ngati Porou rohe.
R5: Ngati Porou has an effective partnership with the Crown on social, economic, environmental and cultural MATAURANGA priorities for Ngati Porou. M1: Ngati Poroutanga is retained Te Kaupapa Rautaki provides the strategic and passed on to future generations direction of Te Runanganui o Ngati Porou. R6: Ngati Porou beneficial members through Ngati Porou histories, language activities, exhibitions and The Strategic Plan is structured around the have increased their participation in TRONPnui’s elections, AGMs and wananga. concept of a Wharenui, with the foundation other processes to lift Ngati Porou provided by Te Reo o Ngati Porou me ona tikanga. engagement in Ngati Porou matters. M2: Ngati Porou has more members who value, and are conversant in, Te The Wharenui is held up by five Pou representing Reo o Ngati Porou. the key strategic goals of the organisation – Rangatira, Whanau, Matauranga, Kaitiaki and KAITIAKI M3: Ngati Porou hapu cultural Whairawa. infrastructure is actively valued, K1: The Ngati Porou rohe is enriched maintained and developed by hapu by its indigenous flora and fauna, and leaders and whanau. bio-diversity; effective bio-security; and responsiveness to future impacts M4: Ngati Porou members have such as climate change. online access to language and
Te Runanganui o Ngati Porou Ripoata a Tau 2018 6 Te Whakatoputanga o Nga Piuta Summarised statement of financial position Group Financial Performance at a Glance 2018 2017 2016 2015 NZ$’000 NZ$’000 NZ$’000 NZ$’000 Current assets 18,435 14,693 14,256 27,631 Group financial performance Group financial position Non-current assets 224,475 217,370 209,201 196,362 Total assets 242,910 232,063 223,457 223,993 Current liabilities 9,601 14,758 5,565 12,062 BREAKDOWN OF NON-CURRENT ASSETS Group revenues of Group total assets of Non-current 9,878 5,993 16,599 11,079 liabilities $48 million $242.9 million Property, plant (up from $45.5 million in 2017) (up from $232.1 million in 2017) Total liabilities 19,479 20,751 22,164 23,141 & equipment Net assets 223,431 211,312 201,293 200,852 $36 million Surplus from commercial Group equity of Total equity 223,431 211,312 201,293 200,852 activities of $223.4 million $5.9 million (up from $211.3 million in 2017) (down from $6.4 million in 2017) Fisheries Group equity to total assets (ownership %) TERM DEBT, TOTAL ASSETS AND EQUITY 2015–2018 $36 million Group earnings before interest $million and tax (EBIT) of 92.0% (up from 91.1% in 2017) $12.6 million Term Debt Total Assets Equity (up from $11.4 million in 2017) 250
Group net profit of 200 Biological assets $8 million $12.1 million 150 (up from $10 million in 2017) 100 Financial assets $144 million 50
Summarised statement of financial performance 2015 2016 2017 2018
GROUP REVENUE, EXPENDITURE AND PROFITS 2015–2018 2018 2017 2016 2015 NZ$’000 NZ$’000 NZ$’000 NZ$’000 $million Group distributions Revenue 48,008 45,479 30,970 42,391 Group distributions of Revenue Expenditure Profits Expenses 35,425 34,053 29,561 29,132 (down from $1.6 million in 2017) (excl. interest) $0.7 million EBIT 12,583 11,426 1,409 13,259 50 Other grants Grants distributed to marae Interest 430 557 1,061 983 & investments Marae grants Net profit before 12,153 10,869 348 12,276 40 (down from $1.1 million in 2017) tax $241,000 $390,000 $0.4 million Other support to marae includes Marae Wi-fi and marae insurance Tax 34 850 -93 -36 30 Net profit 12,119 10,019 441 12,312 Support to Ngati Porou events Net profits derived from: 20 $39,000 (up from $9,000 in 2017) Commercial 16,121 15,301 6,443 18,346 Includes dawn ceremony, Pa wars, Ngata Lectures, the AGM etc activities 10 Tribal, cultural, -3,968 -4,432 -6,095 -6,070 Support to Radio Ngati Porou and East Coast Rugby health Marae wifi (down from $86,000 in 2017) Tax 34 850 93 36 $18,000 $36,000 Net profit 12,119 10,019 441 12,312 2015 2016 2017 2018 Support to other grants and events Ngati Porou Rugby $36,000 Ngati Porou events $241,000 (down from $397,000 in 2017) $39,000
7 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 8 The 2017 general election delivered up a Labour-led coalition Government. The Nga Korero a te Tiamana new Prime Minister, Rt. Hon Jacinda Adern, visited us in February to open Chairman’s Report our new social housing units at Te Tini o Porou. During her visit, we took the opportunity to explain some of our highest priorities as an iwi and as East Coast communities. This paid immediate dividends, with the new Government advancing the Nga Rohe Moana o Nga Hapu o Ngati Porou Bill. Tera te haeata takiri ana mai ki runga o Keita Walker, taku taina a Kapuarangi, and chief executive of the former We followed this up in August when we Hikurangi, karanga ana maranga e oho e hoatu korua ki o taua tipuna. Kei nga Runanga. She was a staunch and hosted the Prime Minister and members te wairua. tuahine Heni Tawhiwhirangi korua ko Josie passionate advocate for all things Ngati of her Cabinet at Te Tini o Porou. We Tiaho mai nga hihi a Tamanui te Ra ki Tangaere, haere ki o tatau tipuna, takahia Porou and especially her beloved Waiapu put the need to improve health services runga i nga pa-tuwatawata o te whare o koutou i te huarahi ki te rangi ki runga and ‘Wiwi Nati’. to East Coast whanau squarely on the Porou Ariki te Matatara a Whare te Tuhi rawa koutou, okioki atu ki nga mana, ki nga Alhough Heni was immersed in local agenda with the Government. Our Mareikura o Rauru raua ko Hamoterangi, ihi, ki nga tapu e pukai mai i tua o te arai, and national politics, she was not the commitment over the next year is to kia noho mahana ai te nohotahitanga a nga ki nga Matangireia a o tatau tipuna nui most adept at the practice of winning work with the Ministry of Health and taina me nga tuakana i raro i te whakaaro whakaharahara. friends and influencing people. Heni was District Health Board to make positive kotahi. Ahakoa kua ngaro koutou i te tirohanga direct and, often, brutally so. One could change. Ara whaiuru whaiuru whaiuru ara konohi, ka mau tonu i nga whakaaro. take issue with her style, and there were Hoatu Keita Whakato (Ngarimu) Walker. This year we completed the review of the whaiato whaiato whaiato ara ra tini ara ra E te Iwi, e te Wiwi, tena tatau katoa. many who did, myself included, but one Te wahine toa. Runanganui’s Trust Deed and in June, tini ara ri. Anei tatau kei roto i te whanau a could never fault her commitment to the Toku totara whakaruruhau, te kaipupuri i nga tikanga tuku iho a ona matua tipuna. held a special vote on the proposed Tena tatau nga uri o nga maunga Iritekura e wananga ana i nga kaupapa betterment of Ngati Porou. Our tuahine He wahine manaaki i ona kawai, nga kaupapa a Ngati Porou, me te Ao Maori. changes to the deed. The process of whakahi, o nga puke korero, o nga wai maha i oti i to tatau Runanganui, ona was one of a kind. reviewing the trust deed, brought out kaukau a o tatau matua tipuna taiawhio papaku, ona teitei, ona hohonutanga. In August the Board welcomed the tensions about our representation i to tatau rohe mai i Te Toka a Taiau ki election of our whanaunga, Derek a Bill to Parliament which, when passed showcase our local produce and engage model. Some wanted to see the end of Potikirua. (Tini) Fox, to fill the board vacancy into law, will give the legal power to with local landowners on carbon credits. the dedicated noho kaenga seats on the He kura tangihia he maimai aroha ki o The day after our 2017 Hui-a-Tau, left by Heni. Tini brings a wealth of the Takutai Moana agreement and the It is still early days but both parties Board, while others pressed to keep tatau mate huhua, no reira, koutou te iti, we were struck by the news of Heni communication and enterprise skills rights of hapu involved. My hope is that are excited about the potential of this those arrangements firmly in place. te rahi, te whakamataku, takoto marie ki Tawhiwhirangi’s passing. Heni was a to the Board, and no small measure those hapu, who are still deciding on relationship to grow economic and Both perspectives are valid. te po. member of the board of the Runanganui of calmness to our deliberations. Nau whether to join the agreement, will do environmental opportunities for Ngati We must develop a strong sense of Kei taku tipuna koka, taku poupou and had previously served as a trustee mai e te tuakana ki to tatau poari o te so in the months ahead. Porou, and uplift the reputation and inclusion which recognises and provides Runanganui. Since its first reading, the Bill has mana of both partners. for, the talents and aspirations of the The year in review has been one of solid gone through the parliamentary select Ngati Porou Seafoods continues to lead many Ngati Porou who live away from commercial returns, greater control on committee process. We look forward a consortium of iwi fishing interests to home, and that affirms those who carry expenditure, steady progress with our with confidence to the Bill becoming make good commercial and sustainable the responsibilities of maintaining the investment in te Reo o Ngati Porou, law in 2019. This work is a testament use of iwi fishing resources. This is a lands, marae and practices that make us and our continued support for our to the overwhelming majority of Ngati major source of the profits we earn all who we as Ngati Porou. marae within the Ngati Porou rohe. The Porou hapu, who have come together from fishing activities. This year, the Me mihi ka tika ki nga tangata i reports from our chief executive, and and applied their collective strength iwi consortium won the Auckland whakapau werawera, i waha hoki i nga the chairs of our main subsidiaries, offer to safeguard their rights and interests. University-sponsored Outstanding kaupapa a Ngati Porou, ki aku tuakana, our members a more comprehensive It also signals a good basis to build Maori Business Leadership Award. tuahine o te poari, ki nga tuahine, summary of the highlights and a strong and beneficial relationship Whether or not we continue to lead the tuakana o nga poari i raro i te maru o te challenges that comprised the 2017/18 between Ngati Porou and the Labour-led consortium, its foundations and future Runanganui. year. Government. performance have been set by Ngati Me mihi hoki ki to tatau Kaihautu ki a In my report as Chair, I want to reflect Across the Runanganui’s commercial Porou and its leadership in the sector. H, ki nga kaimahi a te Runanganui me on the importance of our relationships enterprises we have seen new Similarly, Pakihiroa Farms has looked to wo tatau whanau e ahuru nei i a tatau, with one another, and what these have relationships forged around Ngati increase the scale of its sheep and beef tae atu hoki ki a koutou Ngati Porou. meant, during the year. Porou economic development. In April operation by leasing and developing Ma o mahi ka kitea koe e te Ao e to iwi This year we took a significant step we signed Air New Zealand’s first-ever local land blocks with the iwi kainga. Maori. forward for the 47 Ngati Porou hapu partnership accord with an iwi. The Over the next five years these ventures Kia tau te Ia o te Mauri kia tatau katoa. who, to date, have ratified the new accord expresses Air NZ’s commitment will drive higher returns for the farm Prime Minister Jacinda Ardern (right) formally opens the nine-unit emergency housing Takutai Moana agreement with the to work with Ngati Porou to promote operation and iwi kaenga, and help Selwyn Tanetoa Parata development at Te Tini o Porou, Bishop Rt Rvd Don Tamihere officially blessed the units. Crown. The new Government introduced our rohe as a tourism destination, create new on-farm jobs in the district. Chairman
9 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 10 the new emergency housing units this before we had found her replacement. helped lead the economic development was another step towards making good In the end the RT3 voters had a good discussions and plans for Tairawhiti. The Te Ripoata a te Kaihautu use of our main building and property range of candidates to choose from Government’s announcement of more in Gisborne and saving on lease costs. and the end result was Derek Fox’s than $300m for roading improvements Chief Executive’s Report For the year ahead we are looking at the election to the Board. I want to add my very much includes State Highway 35. option of developing affordable housing congratulations to Derek on his election Other parts of the regional economic units to make use of the wider land area to the Board and acknowledge, as well, development agenda includes support in Kaiti. all of the other candidates who stood for increasing the utilisation of Maori- in the bi-election. It’s not easy putting owned land in the region, and Maori NGATI POROU VOTES yourself up to be voted on by your Ngati tourism. Two major exercises during the Porou relations. Our own focus on fostering Ngati year involved the completion of the Porou tourism was given a real leg-up Tena tatau Ngati Porou. however, is that we be more efficient thank Lillian Tangaere-Baldwin and her TRONPnui trust deed review - with a TAKUTAI AND NATURAL RESOURCES when we entered into a relationship Tuatahi, ka mihi ki te Wahi Ngaro me a with the use of funds within TRONPnui, board colleagues for their diligence and voting process for the proposed changes We also saw the new Government get agreement with our national carrier, Air ratau kua mene atu, kua wheturangihia i and its subsidiaries, so that more funds support in what has been a very trying to the Deed, and also the bi-election in behind the Nga Rohe o Nga Hapu o New Zealand and, through Toitu Ngati te tau kua taha ake nei. Ko te koka, a Heni, can be freed up for distribution to Ngati period for the Trust. to appoint the new representative for Ngati Porou agreement and draft Bill. It Porou, did some great joint work with me te tuahine, te hoa mahi, a Josie. Haere Porou and Ngati Porou development. Our Whanau Oranga (social services) Rohenga Tipuna 3, Pohautea ki Te was the previous Labour government NZ Maori Tourism. korua, haere, moe mai. Ko matau kei muri team engaged with 2500 clients during Onepoto. that put in jeopardy Maori rights to the Both national entities have helped us nei e mau tonu ana ki o korua tumanako FINANCIAL IMPROVEMENT the course of the year. The majority The trust deed vote was preceded by foreshore and seabed and it has fallen to work on local tourism experiences i tumanakohia mo nga whanau, mo nga The measures we brought in this year of those were one-on-one support a series of information hui held within to this Labour-led Government to pass to ‘bring-to-market’, including plans hapu, mo nga hapori o Ngati Porou whanui. meant our service revenues from the relationships. Whanau Oranga’s Ngati Porou and hosted also by Ngati legislation to support our hapu and to offer a premium guided tour on Kaati ra Crown increased, our operational costs services cover a wide range of areas. Porou taurahere in Tamaki, Waikato, their takutai interests. Hikurangi. This work is still in the stayed within budget, and we made These include; school attendance, youth Turanga, Heretaunga, Poneke, Waitaha There was a range of other ‘natural beginning stages, but we should be in-roads to reducing our bank debt. engagement and vocational training, and Otepooti. Just under 1600 people resource kaupapa’ taken to the people optimistic about the opportunities we A PERIOD OF FINANCIAL This is reflected in the Group’s overall plus working with young parents, voted on the trust deed changes. All this year, including the ongoing dialogue can turn into reality in the years ahead. CONSTRAINT financial position for 2017/18, alongside facilitating family group conferences, of the changes recommended by the about freshwater and how Ngati Porou The year has not been without its Since joining the Runanganui in late solid commercial results that lifted the and providing a range of justice TRONPnui board were approved by the hapu, landowners and East Coast set-backs. The Runanganui and Holdco 2015, I have had the task of balancing Group’s assets by almost $10.8m to total programmes. Whanau Oranga also vote. The Board did not offer a view to communities can shape decisions on ran afoul of Wharekahika locals about my Board’s desire to make real gains assets of $243m. offered emergency housing and brokered voters on the matter of nohokaenga water quality use and sustainability. a proposal to do a full feasibility study for Ngati Porou with its concern for To that end, Ngati Porou Holding housing repairs through government representation, but the vote was We also participated in a Tairawhiti- on a new port at Hicks Bay. During the greater financial discipline across our Company kept a solid focus this year agencies. Steps are in place to see how, firmly in favour of retaining those wide initiative to seek a Maori land year I was sent regular updates on the operations. On the financial front, on further developing its subsidiary in partnership with funders, we can representation arrangements. However, information service to work with our number of people signing a petition during the 2017/18 year I restructured businesses - Ngati Porou Seafoods and improve all aspects of what we do so as Ngati Porou moves forward, it is landowners, especially the smaller land opposing a port. I stopped counting the management and operations teams Pakihiroa Farms. The company has that we can better help the whanau in inevitable that discussions will return blocks. when it reached 3000. Upon reflection, to reduce the Runanganui staffing by acquired its own hives for manuka our area. to how we can best provide for all Ngati The land service project was stalled our communication and engagement ten positions, and worked with my honey and is cultivating new ventures Porou while recognising the distinctive with the change of government with local hapu and the Hicks Bay corporate management to identify and in local tourism and berryfruit. Holdco’s MAKING USE OF OUR MAIN role carried by the ahi kaa on behalf of (all around the country, not just in community left a lot to be desired. The reduce other back-office costs. equity investment portfolio performed BUILDING us all. Tairawhiti) but we will continue to prospect now of having enough local At the same time my social services largely in line with the year before and In early 2018, as part of our focus on In August we completed the bi- advocate for this as part of the new support to even entertain carrying out leadership team took a much closer was responsible for the lion’s share of social housing, we opened Nga Kaenga election for Rohenga Tipuna (RT) 3. Government’s agenda for provincial a feasibility exercise is pretty remote, look at the contracts and funding the Group’s earnings. Seafood earnings Ahuru, a block of nine emergency This took longer than originally planned growth. and the Runanganui acknowledges and arrangements we had with government increased by $0.4m this year, while housing accommodation units on-site and I was a little worried that Aunty On that, the Runanganui and its respects that. departments, to make sure we weren’t Pakihiroa Farm took the decision to at Te Tini o Porou. Prime Minister Heni would have had her unveiling commercial holding company, have Whether it’s a port, better roads, new signing up to deliver services that cost enter into new leases to scale up its Jacinda Ardern opened the units (we tourism jobs, or improving our health us more to run than we were being future production. This led to a decrease had initially invited the Minister of and social services, the Runanganui acts paid. That may sound clinical, and it is. in Year-End earnings for the farms Maori Development to the opening but with good intentions. But, on occasion, Nevertheless, I moved us away from compared to last year. she upgraded us to the big boss!) and the execution isn’t quite right and it taking on contracts that the government Toitu Ngati Porou oversaw $0.7m Bishop (now Archbishop) Don Tamihere falls to me and my team to make sure agencies themselves would never in distributions to marae and also carried out the official blessing. Nga we are better next time out. A te tau e tu attempt to deliver for the budgets that to groups who undertook te Reo o Kaenga Ahuru has been in high demand mai nei. went with them. Ngati Porou learning and promotional since it opened and our team works Ko oku kupu whakakapi, he mihi ki The Board also agreed that, as part of activities with their local whanau. hard to support our tenants and help oku kaimahi mo o koutou mahi katoa the drive to ensure we were living within Toitu, through its main staff member, them to secure more permanent mo Ngati Porou. Kia ora. our means, it would reduce the funds also worked with other agencies to accommodation. available for distribution by Toitu Ngati help bring in a further $0.3m in lottery In March the Runanganui’s operations Herewini Te Koha Porou until we were on a better financial funding for marae and community in Gisborne were brought under one Chief Executive footing. The Board’s ultimate aim, projects at home. I acknowledge and roof at Te Tini o Porou. In tandem with Runanganui corporate services moved into the Te Tini o Porou offices in March 2018
11 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 12 Whanau Oranga
Whanau Oranga Youth Services • We are working with Child Matters had access to all our classes and were team mentored rangatahi groups and Corrections to develop able to come in during our operating throughout the year, including this programmes designed to teach hours for individual work-outs or roopu working at the Paikea Gym. parents how to protect their tamariki/ personal training sessions with trained tamaiti. instructor, Amoe Tarsau. • We are exploring opportunities to Although Poupou Pakari Tinana deliver more marae/community based is our primary programme, we have tikanga programmes, as those who listened to members of the community complete our 4-day wananga often and have opened the doors to a number show an interest in doing more. of individuals and groups who have • We are also exploring alternatives to benefited from one or more of the Feedback from prison, especially for our youth. tailored programmes: • 46 individuals benefited from the one- the whanau However, our biggest drive is in the to-one personalised training sessions prevention space, as we want to stop our • An average of 15 individuals per week YOUTH JUSTICE children, our women and our men from were ‘casual’ users who did their own “My youth worker supported me entering the Justice pipeline. thing to move away from my negative • An average of 20 individuals pathway and now I am fully PAIKEA – KEEPING NGATI POROU attended the planned early morning employed on the fishing trawlers. ‘POROU ACTIVE & POROU FIT’ daily sessions and an average of 10 She encouraged me to break the Paikea was established in 2016 as a attended the midday sessions cycle and be a role-model to my multi-purpose Health and Fitness • Private sessions provided for the younger cousins.” facility and caters to the needs of the following groups: Earlier this year, we said farewell to a It has definitely been a dramatic 2018, TIAKI TANGATA local community along with our elite Schools: Lytton High School, Gisborne YOUTH JUSTICE FGC member of our team and a long serving with some amazing highs and distressing Tiaki Tangata– Prisoner Reintegration and aspiring athletes. Girls’ High, Gisborne Boys’ High, “Having a Maori to deal with staff member of Te Runanganui o Ngati lows, yet overall we had another is committed to supporting our men Initially, only one programme was Campion College, Turanga Ararau, does makes a difference. Having Porou. Josie Tangaere, who was the challenging but rewarding year. and women to succeed on the outside by offered due to financial constraints, but Turanganui-a-Kiwa Activity Centre, whakapapa connections to a support Whanau Oranga Manager for the East Over the past 12 months, around 1600 working alongside them while they are this year, despite these restrictions, a Ilminster Intermediate. person makes a difference. They Coast, passed away in July. individuals accessed one-to-one support still on the inside. further 400 individuals took advantage Clubs: Horouta Waka Hoe, Rangataua understand us better. Non-Maori Josie was an extremely hard worker and a further 900 participated in our The statistics for Ngati Porou who of one or more of our free programmes. o Aotearoa, Paikea Peak Performance, don’t really understand me.” who, as a proud NATI was dedicated to group-facilitated programmes: are in prison make for grim reading Gisborne Tairawhiti Rugby League helping Ngati Porou whanau to thrive, • Young people account for the majority and so are the statistics for Ngati Porou POUPOU PAKARI TINANA representative teams, Stallion Rugby TE PAE ORANGA – IWI JUSTICE in her own quiet but assertive way. of individuals whom we supported children who are being raised by a Poupou Pakari Tinana is a 16-week League Club, Tairawhiti Softball rep. PANELS She led a dynamic team of 15 and through one, or more, of our school or parent or caregiver who are involved training programme facilitated by teams, Shakers Touch Rugby rep. “In the beginning I was against this provided an effective oversight of Social community-based services. with Corrections. TRONPnui in partnership with Te teams, Gisborne Police Blue Light, process because I felt it was an easy Workers in Schools, Whanau Ora, • Education, social or justice-related Employment, accommodation and Wananga o Raukawa (Otaki) which Gisborne Basketball Association rep. way out for the offender. I have 100 Housing, Injury Prevention, Community matters are the main areas where both cultural and pro-social connections offers a NZQA Level 4 Certificate in teams. percent changed my mind. The panel Nutrition & Physical Activity, and whanau require support, although are the main areas of need, so every Health. Whanau Groups: Keeping It Real, process is an excellent alternative Family Harm intervention programmes. we have seen an increase in housing effort is being made to address this; Whanau complete the course Kotahi Whanau, WhanauFit, Patu ki for both parties. Being able to have She also managed the Tairawhiti School enquiries. • Bill Taiapa who is on secondment with an understanding of activity Turanga. a say in the plan and a voice helped Attendance service which extends from • Work got underway to extend Te Pae from Corrections, visits the Hawke’s appropriate for their level of ability, me to move forward and forgive.” Wairoa in the south to Opotiki in the Oranga (Iwi Justice Panels) in Ruatoria Bay Regional Prison on a fortnightly an understanding of correct exercise north. • Voices of Mokopuna report completed. basis. He links men with our services techniques, and a plan to improve their CORRECTIONS Always keen to learn more, Josie This report will inform the Ngati Porou at least 3 months prior to their general level of health and well-being. REFERRALS As a result of attending a 2017 was also studying towards a Business Model of Care. release. The programme also covers studies Housing Marae-based programme facilitated Management degree. • Six homes received urgent and • We secured a home in Gisborne for on cardiovascular exercise, resistance 13% by TRONPnui - Participant “A” Josie served more than 20 years with essential repairs, two homes received Social men with a community sentence training, introduction to nutrition and said, how he would like to become TRONP and TRONPnui. She touched a infrastructure grants and all existing who require accommodation and lifestyle modification strategies. 32% a positive role model to his whanau lot of people over this time and helped kaumatua flats are now warmer and safe meet Ministry of Social Development Forty-one whanau members were Justice and further distance himself from make a difference to so many lives. thanks to funding through the Maori criteria. successful in completing the intake 25% his past, when he was an active No reira Josie moe mai ra i roto i nga Housing Network. • We now have two kaiawhina who will for the second semester from July gang member.” Participant Post Hui ringa o to tatou Kaihanga. • Transitional and Social Housing Education visit Hawke’s Bay Regional Prison and to December 2017. These members Report February 2018 provided for 60 individuals. Auckland Women’s Prison regularly. 30%
13 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 14 Toitu Ngati Porou Porou. The programmes were taken up well with the investment Holdco is support marae to secure, lower insurance He puna Reo ki Waiapu - one of by a cross-section of hapu collectives at injecting into a premium Maunga premiums and internet connectivity. nine recipients of the Te Reo o Ngati home - five groups and 157 participants Hikurangi experience and other tourism We also saw four Ngati Porou carpentry Porou funding. in total; and taurahere roopu from sector ventures in our region. The Maunga apprentices complete their tutelage under throughout the country - four groups, Hikurangi experience is poised to attract Uncle Joe Ngarimu and gain their Level 4 and 87 participants plus whanau in greater numbers of (paying) visitors to carpentry qualifications from the Eastern Tamaki Makaurau. our rohe, and that bodes well for our Institute of Technology (EIT). Our newly- The programmes included: café owners, accommodation operators - qualified carpenters were the first intake, • Support to develop localised plans and including marae stays, artists, guides and under a marae-based apprenticeship initiatives to learn and celebrate te storytellers. scheme the Runanganui developed with Reo ake o Ngati Porou. We have forged some great EIT. The training scheme was hosted by Te • Support for ‘in-home’ language partnerships to help us move this work Horo, Tikapa and Reporua marae, as each learning for whanau identified by the forward, with NZ Maori Tourism, Pania marae underwent significant restoration collective or roopu. Tyson-Nathan (CEO), Hokimai Chong and renovation developments. • Resourcing for each collective and and the associated expertise of Simon Wi roopu to support a “Champion” to Rutene, international ski ambassador and PRIORITIES FOR 2018/2019 encourage and co-ordinate their entrepreneur, Hana Pomare, principal of • Developing a Ngati Porou Matauranga language planning and activities. Hana Ltd (publishing company), KPMG and Education strategy. The strategy This year, we distributed $150,000 Business Development Advisor- Jess will also include provisions to start Tena tatau, i runga i nga ahuatanga o te wa. is also progressing well, as we work in (or its replacement) on the amount of to this work and made commitments Wood-Waikari and Simon Hunter. a scholarship and education grants Ko taku ripoata tenei, hei whakamarama i a partnership with others and tap into a ‘base’ funding it will receive each year totalling $240,000, over two years. In We thank them all and look forward to programme for Ngati Porou members. koutou i nga mahi a Toitu Ngati Porou, i nga number of exciting opportunities to lift for charitable purposes and distribution, 2019, we will allocate further funds so seeing our local enterprises build on these • Developing the scope for a Ngati Porou marama kua pahure ake, kia kite ai e ahu local tourism earnings. There is more as well as meeting its own operating that more roopu and hapu collectives positive foundations. History Project. ana tatau ki hea. Ko te whainga kia whai hua about this later in my report. costs. can get their language activities under • Supporting Ngati Porou taurahere to ai nga mahi, kia tipu ake ai he painga ma way. TE ARA KAINGA: TRANSFORMING reach Ngati Porou whanau and celebrate tatau, kia pai ai ta tatau kokiri whakamua i TRUST DEED REVIEW MARAE GRANT FUNDING In our first year of language OUR SOCIAL SERVICES MODEL Ngati Poroutanga. tenei ao. Ma te mahi tahi, ka ngawari ake te The review of the TRONPnui Trust Deed This is year five for the Marae investment, Toitu Ngati Porou helped The Runanganui is the main provider of • Further implementation of the haere tahi, i nga tau e haere ake nei, i raro i has direct implications for Toitu Ngati Development Grants programme. Radio Ngati Porou (RNP) to test and community-based social services and Reo o Ngati Porou strategy and reo te maru a to tatau Kaihanga. Porou, as changes to the Deed also pose Since its inception in 2013, Toitu has set up an online language resource. support to Kaiti and the East Coast. programmes questions about Toitu Ngati Porou’s distributed close to $4.1m in marae We must also acknowledge Te Taura Toitu Ngati Porou has taken on the role • Continuing to complete the distribution membership, future role and structure. grants, including $390,000 paid this Whiri i Te Reo Maori for their funding of working with the Runanganui’s social of grants still owed to Ngati Porou This year, Toitu Ngati Porou had to work Against that backdrop, I want to year. The amount paid out this year is support towards this project. We are services leadership team, to look at how marae. within much tighter funding limits acknowledge and thank my Toitu board down on the grants made in each of optimistic that RNP will build on this the services can better work with whanau than in previous years. This was part colleagues for diligently going about the first four years and we still have work, to make the online archive readily so that our tamariki mokopuna can better ACKNOWLEGEMENTS of a concerted effort, with our parent their work with little fuss, while working another $1.1m to distribute before each accessible to all Ngati Porou. enjoy ‘well lives’ as Ngati Porou. I acknowledge and thank my board (TRONPnui) and Ngati Porou Hauora, through budget constraints and future eligible marae has received its full grant The blueprint for this transformation colleagues Amos Forrester (Deputy to bring expenditure into line with uncertainties. entitlement. We did operate under very NGATI POROU EAST COAST TOURISM work, ‘Te Ara Kainga’, was developed Chair), Wiki Gilvray, Rei Kohere and annual income. With that in mind, Toitu tight budget constraints this year but This year, we followed through on a almost 30 years ago, by Ngati Porou Amohaere Houkamau. I also want to focused on two main areas of funding: TOITU NGATI POROU FINANCIALS I am pleased to advise that all eligible first round of hui we held in 2017, by community whanau development thank our management and staff: CEO, 1. The initial implementation of the As at 30 June 2018, Toitu Ngati Porou funding applications we received were hosting workshops with local whanau in workers. Toitu will lead community Herewini Te Koha (I appreciated your Ngati Porou language strategy has total assets of $20.96m, which approved and paid. the tourism and hospitality sector, and consultation as we work with our social sage advice), CFO, Wayne Panapa, Marae 2. The marae development grants is almost entirely made up of loans those wanting to participate. This work- services and government funders, to Kaitakawaenga, Leeanne Morice, Rapaea programme (totalling $20.8m) made to its Parent. TOITU TE REO O NGATI POROU stream was led by our board member develop and test a new model of care Parata, Albie McFarlane, Katherine A one-off contract with the Ministry Debts or liabilities for the year, total Ko te oranga o te reo, kei nga arero o Amohaere Houkamau. Attendees were based on our values and aspirations as Tuhaka and Jacqui Ata. Thank you all, of Education offered an opportunity (just on) $224,000. te hunga whakamahi i te reo. No reira, pleased to review the NPEC tourism Ngati Porou. for your excellent work, support and to inform, and re-catalyse, our efforts By agreement, the term of Toitu’s koira tatau e whai ana, ki te whakapau strategy and brand development work commitment to Ngati Porou. to advance the development of a Ngati loan to the Parent has been extended to kaha, ki te whakapakari i te Reo ki te that had come from their input in 2017. OTHER HIGHTLIGHTS Naku noa, Porou Matauranga and Education allow Toitu and its Parent to settle the akiaki i o tatau whanau, i o tatau hapu ki There is strong, local buy-in, to tourism In addition, to the grants distributed Strategy. The Board has confirmed a loans in a way which is fair to Toitu and te korero i te reo. development at home. The opportunities this year, our Ngati Porou Marae Lilian Tangaere Baldwin Strategy framework and looks forward viable for TRONPnui. We hope to see This year, we initiated language this could present for whanau enterprise Kaitakawaenga, Leeanne Morice, helped Chair to making progress on that front this this completed by early 2019 and before programmes to support the and local marae are numerous and Ngati Porou marae and community groups Toitu Ngati Porou year. the 2019/20 budget is developed. The implementation of our long-term wide-ranging. access a further $300,000 through lottery The Ngati Porou tourism strategy settlement will deliver certainty to Toitu strategy to revitalise te Reo o Ngati The ‘on-the-ground-interest’ marries grants funding and she continues to
15 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 16 Ngati Porou Hauora
Representatives of the Maurice Wilkins Centre, Ngati Porou Hauora and the whanau of the late Dr Paratene Ngata at the opening of Te Rangawairua o Paratene Research Centre at Te Puia Hospital.
Members from Ngati Porou Hauora with the Prime Minister Jacinda Ardern and the Associate Minister of Health, Jenny Salesa, at the Gisborne Crown Summit in August. (from left) Francis King (NPH Kaimahi), Rt Hon. Jacinda Ardern, Huti Watson (NPH Board Member), Hon. Jenny Salesa and Teepa Wawatai (NPH Chairman)
Below: Te Puia Hospital
Tena koutou Ngati Porou, and an aspirational Blue Zone dwelling- conditions on the way to that early death. positive response we have had from the on how genetic variations affect how parents. Huringa Pae has continued its place - gulf of disproportion. It is a gulf Life expectancy for the country is 81 Crown in a decade. our bodies process sugar. This will pave success in radically changing people’s Nothing is ever simple or measured in shortened lives - poor, years, for this region 78 years, for Maori the way for precision medicine, where lives and Te Hiringa Matua will too. The straightforward. Nevertheless, we have diminished, suffering! in this region 71 years, for Maori living TE RANGAWAIRUA O PARATENE medical treatment is tailored to the appointment of a Professional Practice much to celebrate and be thankful That, was the heart of our message up the Coast, 69 years. That is a life Let us mark and celebrate other individual. Fellow linked to Otago University has for and so much to anticipate and to the Prime Minister and members expectancy gap of 12 years! The Prime significant milestones. In August we steered the teaching centre intentions be genuinely hopeful about. But, we of her cabinet, at our Gisborne-based Minister’s response was immediate and opened Te Rangawairua o Paratene TE PAI KAHURANGI for Te Puia. A $96k Lotteries grant are also mindful that, along with our Crown Summit in August. The case we endorsing. She acknowledged our dire at Te Puia, a joint research centre in This year we launched our vision – Te funded a feasibility study for the communities, we have faced difficult presented for Ngati Porou health equity situation and approved funding for a partnership with the Maurice Wilkins Pae Kahurangi, which captures our redevelopment of the Te Puia facility. times this year and deep sorrow. Those was simple and stark. business case to finalise and implement Centre. This initiative brings research desire to be one of the world’s Blue We have achieved all of this and moments muffle our celebrations and Put plainly, our people die younger than our Model of Care and supporting out of the institutions and into the Zones - a handful of places in the world more, through the sacrificial dedication cause us to pause, as we are caught any other group in the country and suffer infrastructure aimed at bridging that community where life outcomes are where people live exceedingly long and support of our people, including somewhere between our current reality more through multiple chronic disease gap. That is great news and the most most affected. It is a testament to “Dr and well. That is why the business case our board, management, staff and Pat” (Ngata) and his legacy - the things and the development of our Model of community. Thankyou! that he left behind to inspire us. His Care is so important, with a strong Lastly, for the second year in a row, hopes and deepest desires have become focus on prevention and wellness. we achieved a net surplus. It was hard ours. Investment, or its absence, along with earned but not without consequences. broad collaboration, shapes the ability of Nevertheless, this gives us confidence. TATAI ORANGA people and systems to perform. We also Every milestone we reach, investment In another related ‘first’, we hosted launched a new logo and a new website. we make, audit we pass and budget we Tatai Oranga, a highly successful These are all important branding issues tick is largely based on our confidence metabolic disease research forum. related to transforming our organisation to back ourselves to honour our About 80 scientists, health specialists, and setting our course toward Te commitments. Consistent performance frontline community health workers and Pae Kahurangi. We completed fibre gives confidence and confidence community members joined together connection for all our clinics, invested determines our trajectory - whether our at Iritekura Marae, Waipiro Bay to in hardware and software applications steps are timid or bold. Let’s be bold! discuss better solutions for metabolic to extend the reach of telemedicine and conditions like type-2 diabetes, gout and other software tools designed to assist Teepa Wawatai heart and kidney disease. Perspectives with diagnosis, treatment and recovery Chair were shared from across the globe pathways - including the development Ngati Porou Hauora including world-leading genetic research of an innovative app (pepi-ora) to undertaken by our research partner incentivise good practices for new
17 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 18 NGA HUA (SUMMARY OF ASSETS) NPHCL has seen sound growth in its balance sheet since Ngati Porou Holding Company Ltd inception.
TOTAL ASSETS ($ million)
235
230
225
220
215
210
205
200
2015 2016 2017 2018 Ngati Porou Seafoods factory located at the Gisborne Port.
2018 2017 Group earnings NPHCL NPSG PFL GROUP NPHCL NPSG PFL GROUP Financial Overview Current Assets 20.7 9.2 0.4 20.0 16.5 8.8 0.6 15.7 Tena koutou katoa. $16.1m The financial highlights for the last year up from $15.3m in 2017 Equity Investment 185.2 0.3 0.1 144.3 175.3 0.3 0.1 134.5 Tena koutou i o tatau tini mate. are: Non-current Assets 17.1 37.5 11.5 66.1 19.8 37.5 10.4 67.7 Ka tangi tonu te ngakau mo ratau i • Group EBIT/Earnings Before Tax of Return on net assets of Total Assets 223.1 47 12.0 230.4 211.6 46.6 11.2 217.9 mahue atu a tatau i te tau kua taha $16.3m. Current Liabilities 7.5 4.8 0.2 2.1 7.1 4.8 0.3 1.9 • Net equity grew to $223.2m 7.4% ake nei. Na reira, okioki te hunga, in line with 2017 Term Liabilities – – 5.1 5.1 – 0.5 4.6 5.1 after payment of dividends to Te okioki. Okioki i te okiokitanga a o Equity 215.6 42.2 6.7 223.2 204.6 41.3 6.3 210.9 tatau matua tipuna. Runanganui o Ngati Porou, an Group revenue Total Liabilities & Equity 223.1 47 12.0 230.4 211.6 46.6 11.2 217.9 increase of 5.8%. • Return on equity after dividends of Ki nga kanohi ora, tena hoki tatau $30.6m Because intercompany eliminations are not shown, the columns do not add to the group total. katoa. 7.4%. down from $31.0 m in 2017 • A total of $3.8m in dividends paid to Te Runanganui o Ngati Porou. Total assets $230.4m A breakdown of assets by asset class is as follows (and comparisons to the 2017 year): The greatest contributor to Group up from $217.9m in 2017 performance was again the Holdco investment portfolio, which returned Dividends to Te Runanganui Cash & Equivalents $14.3m on the back of another strong o Ngati Porou of Farming Farming Cash & Equivalents year for global equities. This compared 4% 4% 5% 6% to an initial plan of $6.9m. $3.8m down from $7.4m in 2017 Property As set out on page 23 the result from Property investments equates to 10.6% return for 2% Ngati Porou Seafoods profit 2% the year and 7.8% over the last five years against a SIPO target rate of 3.5% (or $1.3m Fisheries Fisheries 2.5% over the rate of inflation). up from $0.9m in 2017 16% 17% This five year return reflects the generally strong market for global Pakihiroa Farm profit 2018 2017 equities over the last five years and the Forestry Holdco board is conscious of the risk to $0.4m 8% Forestry down from $0.5m in 2017 Equities Equities the group of a drop in the market. The 8% Holdco board is therefore considering Sale of carbon credits 66% Carbon 59% steps to mitigate, as best we can, the 0% impact of a market drop. $3.3m Carbon down from $3.6m in 2017 3%
19 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 20 Ngati Porou Holding Company Ltd
NGA WHAIRAWA (FINANCIALS, EARNINGS), ME NGA APITI (SUBSIDARIES) A summary of earnings for the NPHCL along with its subsidiaries is set out in the table below. Pakihiroa Farms
2018 2017 In 2017/18, Pakihiroa Farms recorded Under the lease and development 2017/18. arrangements being entered into with PFL also continues to support a NPHCL NPSG PFL GROUP NPHCL NPSG PFL GROUP an operating profit of $0.5m. This result landowners, Pakihiroa Farms will pay project to reduce both sediment and Revenue (excl extraords.) 21.8 5.4 3.0 30.6 22.6 5.0 3.0 31.0 was down on last year’s result of $0.6m. It was driven by a decision by Pakihiroa a combination of a rental and profit nutrient loadings in the Waiapu River. Expenses 7.0 4.1 2.4 14.3 8.1 4.0 2.5 15.5 Farms to invest $0.1m in increasing the share. Once the lease and profit share The creation of riparian strips and EBIT (before extraords) 14.8 1.3 0.6 16.3 14.5 1.0 0.6 15.5 size of the area that it farms by leasing are agreed, Pakihiroa Farms will plant establishment of debris dams in the Extraords 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 and developing other landblocks within the blocks in a range of high value feeds tributary streams of the Waiapu are EBIT 14.8 1.3 0.6 16.3 14.5 1.0 0.6 15.5 Ngati Porou. This is part of a strategic to allow stock to be finished to targeted expected to hold sediment at source and Interest 0.0 0.0 0.1 0.1 0.2 0.0 0.1 0.2 initiative by Pakihiroa Farms to increase weight and grade specifications. New reduce the negative impacts of farming, stock will also be acquired and there on both the awa and kaimoana beds. Earnings 14.8 1.3 0.5 16.2 14.3 0.9 0.5 15.3 annual operating profit to $2 million per will be an increase in both permanent ROE 7.1% 3.0% 6.2% 7.4% 7.1% 2.2% 7.6% 7.4% annum over the next 3-5 years. Without this investment Pakihiroa Farms would and casual jobs. In total 11 blocks ROA 6.8% 2.7% 3.5% 7.2% 6.9% 2.0% 4.1% 7.1% have generated an operating profit of from Te Araroa to Makarika (1016 ha) $0.6m. entered into these arrangements during Because intercompany eliminations are not shown, the columns do not add to the group total.
GROUP REVENUE AND EBIT ($ million) Ngati Porou Seafoods Group EBIT Revenue In 2017/18, the Seafood Group recorded an operating profit of $1.3m, after facing a number of challenges 35 during the year. In line with its strategic plan the 30 Seafood Group focused its efforts across the following three key areas: 25
20 GROWTH AND SUSTAINABILITY The highlight for the year was the establishment of the 15 partnership with Air New Zealand. This resulted in the Seafood Group becoming a certified supplier to Air New 10 Zealand’s food caterers, LSG-SkyChefs, for premium 5 smoked fish products to front-of-plane and lounge services on Trans-Tasman and Pacific regional flights. 0 This supply of smoked fish products is scheduled to 2015 2016 2017 2018 commence in December 2018, well ahead of plan. This is seen by both the Seafood Group and Air New Zealand as a first step to other global destinations. Forest Assets (ha) CONSUMER FACING Forestry YE 2018 Tokomaru Ruatoria Manutahi Hoia Total The Seafood Group continued to build its consumer- During 2017/18, the harvest of the Hoia Ernslaw at start of period facing business throughout the North Island with AHIA forest was completed. The timing of Handed back during period 461 154 – – 616 premium-branded smoked fish products. A dedicated the havest coincided with good pricing, Ernslaw at end of period Sales & Marketing team has enabled the Seafood Group producing revenue of $5.2m and an – to make positive progress in growing sales and revenues. EBIT of $1.0m. NPHCL at start of period 3,128 1,771 225 200 5,324 Planting of new forest has also OPERATIONAL EXCELLENCE Gained during period 461 154 – – 616 continued as Ernslaw One progressively The Seafood Group has sought to make a strategic returns lands from the Tokomaru NPHCL at end of period 3,589 1,925 225 200 5,939 shift up the value chain. This has resulted in a review Air New Zealand’s food caterers, LSG-SkyChefs recently visited the and Ruatoria forests. In 2017/18 616 Total forest land 3,589 1,925 225 200 5,939 of current activities and changes to improve efficiency, Ngati Porou Seafood Group operations. (From Left) Brett Johnston hectares were returned and planted. This Planted at start of period 1,973 1,032 225 193 3,422 capability, and performance. (NPSFL), Mark Ngata (NPSF CE), Mauricio Novaes (LSG General takes the total new forest area owned by Harvested during period – – – 193 193 Manager), NZ, Chloe Surridge (GM Procurement), Shabnam Munif (NZ Strategic partnerships are also continuing to evolve. Holdco to 3540 hectares. Planted during period 241 169 – 130 540 Quality Assurance Manager), Alleyn MacGregor (LSG Procurement These partnerships produce solid financial results and Planted at end of period 2,214 1,201 225 130 3,769 Manager, NZ), Ken Houkamau (NPSF). create opportunities for investment to support future growth initiatives.
21 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 22 Ngati Porou Holding Company Ltd
NPHCL - TOTAL ASSETS PERFORMANCE VS. BENCHMARKS OVER TIME As of 30 June 2018
12.0 11.4 10.6 10.0
7.9 8.0 7.8 7.8
6.0
4.0 4.0 Total Return (%) Total 3.6 3.5 2
2.0 NPHCL Returns 2.5% + CPI 0 Qtr to Date FYTD Annualized Since Inception Annualized Since Inception 19/12/2013)1 19/12/2013)2
Total Assets Policy Benchmark Miere Tourism Strategic Planning Ngati Porou Holding Company Work commenced in 2018, on a tourism It has now been five years since the purchased 350 hives for the 2017/18 experience on Mount Hikurangi, called Holdco SIPO was implemented. The honey season, and had a total of 1000 “Mt Hikurangi - Journey To The First Holdco board has therefore decided hives operating through the Ngati Porou Light”, which will operate over the that this is an appropriate time revisit Miere Limited Partnership. summer of 2018/19. The experience will the SIPO and other strategic planning INVESTMENT FAIR VALUE BY ASSET CLASS AND FUND MANAGER The 2017/18 season produced offer manuhiri the opportunity to have objectives. The planning work is well with Annualised Return to 30 June 2018 against Benchmark 10 tonnes of high quality Manuka guided visits to the whakairo and a local underway and the Holdco expects to honey, with a current market value of marae experience. report on the revised plan in early 2019. $425,000. This honey is being stored 2018 is seen as a first step and the Naku noa, 30 20% with Ngati Porou Miere to allow for experience will develop over time. It is the UMF level to grow. Holdco is also also hoped the experience will attract Mataanuku Mahuika 25 15% continuing to work with Ngati Porou visitors to the region and boost wider Chair Ngati Porou Holding Company Limited 20 10% Miere on opportunities to increase tourism opportunities for Ngati Porou returns through the honey supply chain. whanau. 15 5% NGATI POROU AMANTI TOURISM LIMITED 10 0% Amanti made much slower progress Te Runanganui o Ngati Porou than expected in contracting brand Maori Authority, Mandated Iwi 5 -5% Blueberries tourism experiences during 2017/18. Organisation, Post-Settlement Amanti is continuing to work to Governance Entity. An agreement has, in principle, been 0 -10% conclude contracts for experiences in Harding Standard AMP Major reached with the Hauiti Incorporation Devon Milford Blackrock Artisan Blackrock Somerset GQG Blackrock Van Eck Lazard late 2018 and early 2019. However, it INCOME EARNING Loevner Life Capital Banks on a joint venture to grow up to 4 has become clear that the lead-time Inflation Sensitive Deflation Cash & Term Trans-Tasman Equity Developed Market Equity Emerging Market Equity Diversifiers Equity hectares of blueberries on Incorporation Assets Assets Deposits for brand tourism experiences is a lot Ngati Porou Holding Co. Ltd. Land. This joint venture is forecast (Asset Holding Co.) longer than anticipated. A decision was Growth Assets to generate an EBIT of $550,000 per therefore made to impair the Amanti annum and create approximately investment and no further capital has 40 part time jobs. The intention is been released to the company. Despite NP Fisheries Pakihiroa Farms June 2018 June 2017 Annualised return to 30 June 2018 Benchmark to begin operating in 2019 with the having made these decisions Holdco establishment of an initial 1 hectare NP Seafoods continues to support the activities of trial area. Amanti and its 100% owned design Real Fresh business, Pohewa.
23 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 24 Te ngako o nga korero mo nga piuta TE RUNANGANUI Financial highlights and commentary O NGATI POROU RIPOATA A TAU 2017 These summary financial statements are an extract of the full financial statements for the year ended 30 June 2018. These summary financial statements are prepared in accordance with FRS 43: Summary Financial Statements
Wayne Panapa Whairawa Chief Financial Officer
He Wiwi, He Nati, no Whangaokena, no Hikurangi. Financial Highlights and Commentary
Statement of Comprehensive Income & Expense
The Statement of Comprehensive Income and Expense or Profit and Loss details the Group’s revenue (what the Group NOTES ON THE STATEMENT OF COMPREHENSIVE INCOME & EXPENSE earned), expenditure (what the Group spent) and profits for the year. The Profit and Loss opposite shows that the Group’s profit (what the Group earned) for the 2018 year was $12 million. This Statement of Comprehensive Income and Expense 2018 2017 Change Note compares to a Group profit in the 2017 year of $10 million. In summary, the change in profit from 2017 to 2018 is largely NZ$’000 NZ$’000 NZ$’000 attributable to a lift in service delivery revenue and earnings from equities (financial assets), attributable to various equity market shocks. Revenue
Service delivery 14,952 12,428 2,524 1 The key changes in revenue and expenditures itemised, notated above from 2017 to 2018 is explained as follows: (Revenue from government and district health contracts) Commercial trading revenue 5,904 6,449 (545) 1. Service delivery income has increased (Revenue from fisheries, farming and miere) Service delivery revenue from social services and health services has increased $2.5 million in 2018. Forestry income 5,229 6,828 (1,599) 2 (Revenue from forestry, includes carbon credit revaluation) 2. Forestry income has decreased Commercial forestry income decreased $1.6 million in 2018 due to completion of harvesting at Hoia forest estate. Rental income 875 829 46 (Revenue from rentals, includes ex Crown Forest land) 3. Unrealised gains on asset valuations has increased Interest income 89 125 (36) Revenues from unrealised gains on asset valuations has increased from $12.4 million in 2017 to $14.3 million in 2018, an (Interest revenue from funds on term deposit or on call) increase of $1.9 million. A large part of this increase is associated with the returns experienced in the 2018 year from our Dividend income 2,041 2,122 (81) financial investments in equity markets. (Dividends from equities on share market and Aotearoa Fisheries)
Unrealised gains/(losses) on asset valuation 14,330 12,364 1,966 3 4. Employee benefit expenses have increased (Differences between closing & opening values of assets incl. equities) Staff costs for the Group has increased $425 thousand compared to 2017 due to additional staffing required in line with Share of income from Associate Entities 2,431 2,372 59 increased revenue in social services and health services. (Revenue from fisheries iwi collective partnership entities) Other income 2,157 1,963 194 5. Cost of sales from commercial operations has decreased (Revenue from other revenue, eg admin fees and recharges) Cost of sales has decreased $2 million in 2018 largely due to the completion of harvesting at the Hoia forest estate. TOTAL REVENUE 48,008 45,480 2,528 6. Other costs have increased Other costs have increased $2.8 million due to impairment of properties and investments of $2.2 million.
Expenses 7. Taxation costs have decreased Employee benefit expense 13,819 13,394 (425) 4 The taxation cost decrease is a reflection of significant movements stated above. (Staff costs ie. wages, salaries, kiwisaver etc)
Cost of sales from commercial operations 7,017 9,090 2,073 5 (Direct costs and purchases for fisheries, farming, miere and forestry) Depreciation expense 799 701 (98) (Non-cash charge related to the wear and tear of asset over time) Finance cost 430 557 127 (Costs of borrowing including interest costs) Rental expense 457 336 (121) (Rental costs incl property and equipment lease costs)
Other expenses 13,333 10,533 (2,800) 6 (All other costs not required to be separately disclosed on the face financials are aggregated, and this is disclosed in detail in the notes sectionof the financial statements) TOTAL EXPENSES 35,855 34,611 (1,244)
Net surplus/(deficit) for the period before taxation 12,153 10,869 1,284
Taxation 34 850 816 7 (Current expense or benefit on profits or losses owed to the IRD) Net surplus/(deficit) for the period after taxation 12,119 10,019 2,100
27 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 28 Financial Highlights and Commentary
Analysis of commercial and tribal/cultural/health activities
The Profit and Loss for the Group has been additionally re-summarised below for the user to understand the separation NOTES ON THE ANALYSIS OF COMMERCIAL AND TRIBAL/CULTURAL/HEALTH ACTIVITIES between the organisations’ commercial and tribal / cultural / health activities, for the 2018 and 2017 financial years. This profit and loss below details that the profit from commercial activities for the year was $16.1 million (in 2017 this was $15.3 The key changes in revenue and expenditures itemised, noted above from 2017 to 2018, is explained as follows: m) and the deficit from tribal / cultural / health activities was ($4.0m) (in 2017 this was ($4.4m). You will note the Group profit $12 million in 2018, ties back to the prior profit and loss. Further detail in relation to items with large changes year 1. Net surplus from commercial operations increased on year is itemised at the bottom of this Profit and Loss. As outlined in the table opposite, the net surplus from operating activities increased from $15.3 million in 2017 to $16.1 million in 2018. All commercial entities within the Ngati Porou Holding Company Ltd contributed to this result. Statement of Comprehensive Income and Expense 2018 2017 Change Note Analysed by commercial and tribal / cultural / health NZ$’000 NZ$’000 NZ$’000 2. Trading (deficit) from Runanganui, Hauora, Toitu and distributions decreased As outlined in the table opposite, the trading (deficit) from Runanganui, Hauora, Toitu and distributions in 2018 was ($3.9 million) compared to ($4.4 million) in 2017. The decrease is mainly attributed to less financing costs and lower tribal Commercial revenue 11,683 14,010 (2,327) distributions Dividend and interest income 2,146 2,257 (111) 3. Surplus after taxation Share income from Associate Entities 2,431 2,372 59 Surplus after tax was $12.1 million in 2018 compared to 10 million in 2017 as a result of net surplus from commercial Operating expenses (14,321) (15,513) 1,192 operations of $16.1 million minus trading deficit from Runanganui, Hauora, and Toitu distributions of ($4.0 million). Borrowing costs (148) (189) 41 4. Tribal distributions
Commercial Net surplus from commercial operations (before revaluations) 1,791 2,937 (1,146) Tribal distributions as outlined in pie graph (refer to Pg 8) equates to $725 thousand in 2018 compared to $1.6 million in Unrealised gains from financial instruments 14,330 12,364 1,966 2017. The tribal distributions relate to Ngati Porou kaupapa and include support to marae, pa wars, dawn ceremony, East Unrealised gains from other assets - - - Coast Ngati Porou Rugby, Koha, Education, Matatini, Reo Strategy and other grants.
Net surplus from commercial operations 16,121 15,301 820 1 Income relating to the Runanganui (Parent), Hauora, Toitu and distributions 17,418 14,477 2,941
Operating expenses relating to the Parent, Hauora, Toitu and distributions (20,379) (16,969) (3,410)
Borrowing costs relating to the Parent and Hauora (282) (368) 86
Tribal distributions (725) (1,572) 847 4
Tribal, cultural, health Trading (deficit) from Runanganui, Hauora, Toitu and distributions (3,968) (4,432) 464 2 Surplus for year before taxation 12,153 10,869 1,284
Less: Taxation 34 850 816
Surplus after taxation 12,119 10,019 2,100 3
Intercompany transactions such as dividends are not shown in the above table.
29 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 30 Financial Highlights and Commentary
Statement of Financial Position 2018 2017 Change Note Statement of Financial Position NZ$’000 NZ$’000 NZ$’000 Non-current liabilities The Statement of Financial Position or Balance Sheet details the Group’s assets (what the Group owns), liabilities (what the Group owes) and equity (the owners share of the Group) at the end of the financial year. The re-created Balance Sheet details Borrowings 9,478 5,993 3,485 1 ( the position at the end of 2018, a comparison to the position at the end of 2017, and the change (where there has been a Monies owed to borrowers and due after 12 months) material change year on year, this is noted and expanded on further. The re-created Balance Sheet includes a description (in Deferred Maintenance 400 - 400 1 everyday language) of what each item means. (Monies owed from the Group for maintenance due after 12 months) TOTAL NON-CURRENT LIABILITIES 9,878 5,993 3,885
Statement of Financial Position 2018 2017 Change Note TOTAL LIABILITIES 19,480 20,751 (1,275) NZ$’000 NZ$’000 NZ$’000 Net assets 223,431 211,312 12,119 ASSETS (Owner’s share of the Group) Current assets Equity
Cash and cash equivalents 12,190 8,509 3,681 1 Reserves 2,703 2,703 - ( Cash in everyday and term deposit accounts) Retained earnings 220,728 208,609 12,119 Trade and other receivables 4,158 4,561 403 TOTAL EQUITY 223,431 211,312 12,119 (Monies owed to the Group from customers) (Owner’s share of the Group) Inventories 884 353 531 (Stock of fish and miere [honey]) The above balance sheet illustrates that: Work in Progress 560 394 166 • total assets has increased from $232 million in 2017 to $243 million in 2018, (Capital projects in progress [2016 incl. part of the Te Tini build and website]) • total liabilities has decreased from $20 million in 2017 to $19 million in 2018, and Taxation receivable 643 876 233 • total equity has increased from $211 million in 2017 to $223 million in 2018 (Monies owed from the IRD) In summary, the Group’s equity has increased due to the performance of the Profit and Loss, supported by total assets TOTAL CURRENT ASSETS 18,435 14,693 3,742 increasing by $10.8 million and total liabilities decreasing by $1.3 million. Non-current assets The Group’s equity / total asset is strong at 92% (this compares to 91.1% in 2017). The asset/equity ratio shows the Investments 144,343 134,488 9,855 2 relationship of the total assets of the firm to the portion owned by shareholders. There is no ideal equity/asset ratio value (Funds with fund managers, share market and equity investments) but it is valuable in comparing to similar organisations (and in our case, other Iwi organisations). The key changes in balance sheet items, noted above from 2017 to 2018, is explained as follows: Carbon credits 37 3,346 (3,309) 3 (Carbon units owned by the Group predominately from pre 1990 forests) Biological assets 8,335 7,146 1,189 NOTES ON THE STATEMENT OF FINANCIAL POSITION (Forest (trees) and livestock) 1. Cash and borrowings Quota shares 19,011 19,011 - (Fishing quota, predominately allocated from TOKM issues) As detailed in the financial statements, cash has decreased from $8.9 million in 2016 to $8.5 million in 2017 and borrowings have decreased from $17.3 million in 2016 to $16.0 million in 2017. This is detailed below: AFL revenue shares 16,886 16,886 - (Investment in Aotearoa Fisheries Limited) Property, plant and equipment 35,863 36,493 (630) Cash / bank accounts 2018 2017 Borrowings 2018 2017 (Land, buildings, plant and equipment owned by the Group) NZ$’000 NZ$’000 NZ$’000 NZ$’000 Deferred taxation - - - Current assets – bank accounts 12,190 8,509 Borrowings – non current 9,478 5,993 (Taxation timing differences, to be utilised as a tax credit in the future) Current liabilities – bank accounts (2,648) - Borrowings – current 1,771 9,604 TOTAL NON-CURRENT ASSETS 224,475 217,370 7,105 Total cash 9,542 8,509 Total borrowings 11,249 15,597 TOTAL ASSETS 242,910 232,063 10,847
A good proportion of the change in cash and borrowings is associated with servicing of borrowings as set out in the table as LIABILITIES well the reclassification borrowings between current and non-current. Current liabilities Borrowings and overdrafts 2018 2017 Bank accounts 2,648 - 2,648 NZ$’000 NZ$’000 (Bank overdrafts) Total borrowings (non current and current) 11,249 15,597 Trade and other payables 3,376 3,279 97 Plus: bank overdrafts 2,648 - (Monies owed from the Group to suppliers and contractors) Total borrowings and overdrafts 13,897 15,597 Borrowings 1,771 9,604 (7,833) 1 (Monies owed to borrowers and due within 12 months) 2. Investments Employee entitlements 1,353 1,239 114 (Monies owed to employees, predominately leave) Refer to pages 19-23 being the Ngati Porou Holding Company Ltd commentary regarding the performance of investment portfolio which has resulted in an increase in the investment asset by $10.2 million. Deferred taxation 454 636 (182) (Taxation timing differences, to be expensed as tax in the future) 3. Carbon Credits TOTAL CURRENT LIABILITIES 9,602 14,758 (5,156) The decrease in carbon credits is due to the sale of carbon credits at an average price of $17.64/NZU.
31 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 32 Financial Highlights and Commentary
Statement of Cash Flows Glossary
The Statement of Cash Flows details the Group’s cash, cash receipts (what cash came in) and cash payments (what cash 2018 as at 30 June 2018 or for the 12 months ending 30 June 2018. went out). The Statement of Cash Flows is separated into operating activities (cash ins and outs from trading and doing its 2017 as at 30 June 2017 or for the 12 months ending 30 June 2017. day to day business), investing activities (cash ins and outs relating to capital expenditure i.e. buying / developing / selling assets and investments) and financing activities (cash ins and outs relating to borrowings). Annualised Return An average return showing what an investor would have received per annum. Associate A company in which another company owns a significant interest (usually between 20% and 50%). Statement of Cash Flows 2018 2017 Change Note NZ$’000 NZ$’000 NZ$’000 EBIT Earnings before Interest and Tax.
CASH FLOWS FROM OPERATING ACTIVITIES Financial Instrument In general, this is cash or a contract to deliver or receive cash. (Includes cash from trading revenue (customers and agencies) and cash paid to suppliers and employees) Impairment A reduction in the value of an asset. Receipts from customers, agencies & associates 34,127 29,636 4,491 Dividends & interest received 2,135 2,242 (107) SIPO Statement of Investment Policies and Objectives. Payments to suppliers (including interest and taxes) (19,485) (17,255) (2,230) TOKM Te Ohu Kaimoana. Payments to employees, directors & trustees (14,482) (14,199) (283) Unrealised Gain is a profit that exists on paper, resulting from an investment, it is a profitable position that Cash flows from operating activities 2,295 424 1,871 1 is yet to be sold in return for cash.
CASH FLOWS FROM INVESTING ACTIVITIES YTD Year to Date. (Includes cash from the sale of and purchase of property, plant & equipment and cash from cashing up and investing in new shares) Sale of property, plant & equipment 95 154 (59) Carbon Credits 3,310 3,570 (260) Purchase of property, plant & equipment (2,032) (1,208) (824) Sale of listed investments 17,504 - 17,504 Purchase of listed investments (14,169) (166) (14,003) Purchase of shares in associates (326) (594) 268 Project expenditure (166) (386) 220 Purchase of biological assets (761) (548) (213) Cash flows from investing activities 3,455 822 2,633 2
CASH FLOWS FROM FINANCING ACTIVITIES (Include loan draw downs and repayments) Loans & advances 800 1,300 (500) Loan repayments (5,148) (3,018) (2,130) Cash flows from financing activities (4,348) (1,718) (2,630) 3
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 1,402 (472) Cash and cash equivalents at beginning of the year 8,509 8,981 Cash and cash equivalents at end of the year 9,542 8,509
NOTES ON THE STATEMENT OF CASH FLOWS
The key changes in cash flows items, noted above from 2017 to 2018, are explained as follows:
1. Cash flows from operating activities. The Group had positive operating cashflows of $2.3 million as a result of positive performance in commercial activities.
2. Cash flows from investing activities The Group had positive investing cashflows of $3.4 million largely due to the performance of the financial investment portfolio.
3. Cash flows from financing activities The Group had negative financing cashflows of ($4.3 million) due to the servicing of borrowings as outlined in the statement of financial position section.
33 Te Runanganui o Ngati Porou Ripoata a Tau 2018 Te Runanganui o Ngati Porou Ripoata a Tau 2018 34 Kaimahi TRONPnui staff for the year ending 30 June 2018
NAME POSITION NAME POSITION NAME POSITION
Adam Tapsell Data Analyst - HWC Jacqui Ata Board Secretary & Admin Officer (NP Holding Neville Lyttle Cleaner, casual - Ruatoria Co.) ( change process start date 20/11/2017) Adrienne Ngata Puna Kainga - Kaiwhakahaere Pearl Thatcher Kaiawhina - Tuhono Whanau James Green Kaiawhina - Emergency Housing Albertha McFarlane Board Secretary - TRONPTL and Toitu Boards Peggy Maurirere- Programme Manager - Horouta Whanau Oranga (change process - start date 20/11/2017) James McIntosh Gardener Walker Alecia Lewis Payroll Officer (change process - start date Janine Ehu Kaiawhina - Whanau Oranga Petrina Baker Puna Kainga - Kaimanaaki 20/11/2017) Jasmine Kaa Communications Advisor (end date 24/11/2017) Phillipa Tako Cleaner - Ruatoria Alice Maukau-McPhee Kaiawhina - Whanau Oranga (end date 8 June 2018) Jason McKelvie Accounts Administrator (end date 17/11/2017) Rapaea Parata NP (Te Reo me ona Tikanga) Advisor (change process - start date 20/11/2017) Amoe Tarsau Youth Services Co-ordinator Jeanette Johnson Interim Tuhono Whanau- Family Start Supervisor Rea Proffit Accounts Payable (change process - start date Amy Kururangi Youth Services Co-ordinator Jennifer Burkhardt Casual - Youth Services Co-ordinator 20/11/2017) Ana Te Hau-Otene Kaiawhina - Whanau Oranga Jesse Haenga Marae Restoration (end date February 2018) Reihana Tipoki Kaiawhina - Whanau Support Attendance Anaru Poihipi Kaiawhina - Youth Services Jill Donald Kaiawhina - Social Workers in Schools Renee Swann Assistant Accountant (change process - start date 20/11/2017) Anna Needam Financial Accountant (change process - start Joan-Ella Ngata Supervisor - Tuhono Whanau/Whanau Oranga date 20/11/2017) Joe Ngarimu Marae Restoration (end date May 2018) Richard Maaka Kaiawhina - Youth Services (end date 11/5/2018) Anne Huriwai Senior Manager - Whanau Oranga Services John Hockey General Manager - Business Development Rimini Moana Kaiawhina - Strengthening Families Awhi Wyllie Facilitator - Whangaia Nga Pa Harakeke Jon-Paul Tremain Iwi Justice Panel Co-ordinator Rina Elers Service Manager - Whanau Oranga (secondment) Joseph Akuhata-Brown Te Toka Trade Training Manager Riria Fox Supervisor - Whanau Oranga Bill Taiapa Liaison Probation Officer (Secondment) Josephine Tangaere Kaiarahi - Service Manager - Ruatoria (passed Robyn Smith Service Manager - Whanau Oranga (end date 30 Bonnie Parata Practice Leader-Whanau Oranga (change away July 2018) June 2018) process - 20/11/2017) Josephine Wimutu Administrator - HWC Ruby Smith Human Resources Advisor Brandon Smith General Hand casual - Te Tini o Porou Julliet Lardelli Kaiawhina - Tuhono Whanau Rupena Brown General Hand (end date February 2018) Claudena Maaka Emergency Housing Supervisor Kalisi Ma'afu Kaiawhina - Social Workers in Schools Sandra Chase Restorative Justice/Youth Justice Co-ordinator Colin Taare Kaiwahina - Attendance (end date August 2017) Karen Hollis Kaiawhina - Attendance Deborah Tai Senior Kaiarahi - HWC Sharlene Conning Kaiawhina - Whanau Oranga Katherine Tuhaka Executive Assistant to the Chair and Executive Diana Ming Kaiawhina -Whangaia Nga Pa Harakeke (change process - start date 20/11/2017) Sharyne Tuari Kaiwhakarite - Data Entry (change process - (secondment) start date 20/11/2017) Kerry McLatchie General Hand - Te Tini o Porou (end date Elizabeth Cairns Kaitataki 10/11/2017) Simon Biddle Marae Restoration ( end date April 2018) Erana Stewart Budget Advisor Ruatoria/pre-employment Kim Torrez Kaiawhina - Attendance (end date October 2017) Simon Wharehinga Youth Justice Co-ordinator programme (end date September 2017) Kreslea Smith Kaiawhina - Restorative Justice Sonja Laga'aia Kaiwahina-Tuhono Whanau Esther Velloza Kaiwhakarite - Data Entry (change process - start date 20/11/2017) Kuini Williams Acting Operations Manager - Te Tini o Porou Stanley Hovell Conservation Advisor to TRONPnui (end date10/11/2017) Fiona Morice Kaiawhina - Social Workers in Schools Tammy Tupene Receptionist/Accounts Support (end date January 2018) Laurie Sadlier Youth Justice Co-ordinator Fleur Paenga Planning and Performance Advisor (change Te Hei Kaiwai Marae Restoration (end date May 2018) process - start date 20/11/2017) Leeanne Morice Ngati Porou Marae Kaitakawaenga Terendak Keelan Kaiawhina - Attendance Gabrielle - Olsen Baker Kaiawhina - Social Workers in Schools Leone Roberts Kaiawhina - Community Injury Prevention Terina Lyttle Receptionist - Administrator (Ruatoria) (Change Gary Harding Youth Worker (end date January 2018) Mabel Dewes Kaiarahi- Whanau Oranga process - start date 20/11/2017) George Brown Pou Hakinakina - HWC Maraea Henare Kaiawhina - Youth (end date 30/11/2017) Thomas Irwin Iwi Justice Panel Facilitator George Kaiwai Carpenter, casual (end date February 2018) Maraea Pomana Acting Team Leader - Youth Services Tira Johnson In-House Legal Consel (contract) Gwenda Findlay Restorative Justice Co-ordinator- (end date Marama Apelu Kaiawhina - Youth 30/1/2018) Trisha Hina Kaiawhina - Te Whae Atawhai/Social Workers in Mary-Anne Crawford Kaiawhina - Te Whae Atawhai (end date 17 Schools (end date July 2017) Helaina Makiri Receptionist Te Tini o Porou (start date December 2017) 20/11/2018) Trudy Lewis Communications Manager (end date September Mateawa Keelan Personal Assistant to Senior Manager - Whanau 2017) Herewini Te Koha Chief Executive Officer Oranga (end date 8 February 2018) Valencia Little Kaiawhina - Te Whae Atawhai/Social Workers in Hine Manuel Marae and Housing Co-ordinator Matekino Tuhura Kaiawhina - Nutrition Schools Hinemihiata Lardelli NP Holding Company Intern (end date Matthew Pavarno Group Finance Manager Wayne Panapa Chief Financial Officer and Corporate Services September 2017) Manager Moera Brown Facilitator -Whangaia Nga Pa Harakeke Hiria Shaw Receptionist - Administrator (Ruatoria) (Change (secondment) Whare Taukamo Kaiarahi - Whanau Oranga ( end date December process - start date 20/11/2017) 2017) Monty Manuel Kaitakwaenga - Community Injury Prevention Hugh Stuart Group IT Manager Wiremu Paenga Puna Kainga - Kaimanaaki (end date August Naleya Ahu Kaiawhina - Tuhono Whanau 2017) Jack Papuni Archives Assistant ( end date 17/11/2017)
Te Runanganui o Ngati Porou Ripoata a Tau 2018 36 Te Runanganui o Ngati Porou PO Box 394, Gisborne Tel: 06 867 9960 Call Free: 0800 676 768 (0800 NPOROU) Email: [email protected] www.ngatiporou.com