DOCSLIB.ORG

Embracing the Future

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Embracing the Future TELECOM CORPORATION OF NEW ZEALAND LIMITED | ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2012 THE REPORT FOR OF NEW ZEALAND LIMITED | ANNUAL CORPORATION TELECOM Embracing the future Telecom Corporation of New Zealand Limited Annual Report For the year ended 30 June 2012 investor.telecom.co.nz ARBN 050 611 277 OUR VISION With customers at our heart we will become Shareholder inquiries/ New Zealand’s most preferred company contact details Telecom is a company incorporated with limited liability under the Australian registry New Zealand Companies Act 1993 and domiciled in New Zealand Computershare Investor Services Pty Limited (Companies Office registration number 328287 and ARBN number GPO Box 3329, Melbourne Our mission is: We believe in: Our current focus is: To do this we’ll: 050 611 277). VIC 3001, Australia To be number one in People drive our success Effortless customer Do the basics brilliantly Ph +61 3 9415 4083 Registered office Australia Freephone: 1 800 501 366 Mobile, Broadband, Passion for customers experiences through Know what’s valuable Level 2 and ICT our people, products, Fax +61 3 9473 2500 Working together as one Invest wisely Telecom Place Email: [email protected] platforms, processes, 167 Victoria Street West Website: www.computershare.co.nz Acting with openness and operational Auckland 1010 and integrity excellence United States registry Principal administrative office in Australia Details for Depositary Receipts, Transfer Agent, and Registrar Level 23 The Bank of New York Mellon 680 George Street PO Box 358516 Sydney NSW 2000 Pittsburgh, PA 15252-8516 Ph +61 2 9009 9009 United States Company secretary Toll Free phone number for United States domestic calls: OUR FY12 PERFORMANCE OUR COMPANY Tristan Gilbertson +1 888 BNY ADRS (+1 888 269 2377) Successful completion Annual Meeting of shareholders Number for international calls: Telecom’s Annual Meeting of shareholders will be held in the +1 201 680 6825 NZ$4,576m of Demerger conference centre, Level 2, Telecom Place, 167 Victoria Street West, Email: [email protected] Operating revenues and other gains Auckland on Friday, 28 September 2012 at 10.00am. A Notice of Website: www.bnymellon.com/shareowner Annual Meeting and Proxy Form will be circulated to shareholders. Shareholder inquiries about Telecom’s operating and financial 1,565k Shareholders with inquiries about transactions, changes performance should be emailed to [email protected] or NZ$1,079m Total XT mobile connections of address or dividend payments should contact Telecom’s addressed to: EBITDA from continuing operations share registries. Head of Investor Relations New Zealand registry Telecom New Zealand Limited Computershare Investor Services Limited Private Bag 92028 60k Auckland 1142 NZ$1,157m Growth in postpaid mobile connections Private Bag 92119 Net earnings for the year Auckland 1142 New Zealand Ph +64 9 488 8777 Contact phone numbers Fax +64 9 488 8787 Australia 1800 123 350 NZ$169m New Zealand Toll Free 0800 737 100 Canada 1800 280 0398 NZ$311m Email: [email protected] Net earnings from continuing operations On-market buyback of shares Hong Kong 800 962 867 Website: www.computershare.co.nz New Zealand 0800 737 500 Singapore 800 641 1013 United Kingdom 0800 960 283 61c United States 1800 208 2130 Earnings per share For more information http://investor.telecom.co.nz 20c investor.telecom.co.nz Dividends per share ARBN 050 611 277 NZ$528m .com Capital expenditure insight designedby ARBN 050 611 277 | 185 CONTENTS FINANCIAL CALENDAR 2012–13 INTRODUCTION KEY DATES Overview 10 Annual Meeting Chairman’s report 11 CEO’s report 13 28 September 2012 OUR COMPANY Half-year result announced Board of directors 15 Executive team 18 22 February 2013 Business operations 21 Financial year end Company review 33 30 June 2013 PERFORMANCE Key Performance Indicators 48 This report is dated 23 August 2012 and is signed Business review 49 on behalf of the board of Telecom Corporation of Auditors’ reports 75 New Zealand Limited by Mark Verbiest, Chairman, Financial statements 77 and Simon Moutter, Chief Executive Officer. Notes to the financial statements 84 GOVERNANCE Governance at Telecom 135 Remuneration at Telecom 147 Mark Verbiest DISCLOSURES CHAIRMAN Interests disclosures 162 Shareholder and exchange disclosures 164 Additional shareholder information 169 Forward-looking statements 181 Glossary 183 Simon Moutter Shareholder inquiries/contact details 185 CHIEF EXECUTIVE OFFICER INVESTOR CENTRE You can visit our online annual report at investor.telecom.co.nz | 1 INTRODUCTION A significant presence in all our key markets Strong customer bases1 A full range of Telecom provides fixed, mobile and products and services IT products and services to retail and Telecom offers a comprehensive wholesale customers. portfolio of products and services in both telecommunications and IT services and in all + end-customer markets. 1m Over 1 million fixed line residential and SME customers in New Zealand. + 1.5m FIXED LINE – which includes fixed access and calling, fixed broadband, Over 1.5 million XT mobile connections (consumer and managed data and related value- business) in New Zealand. added services to residential and business users. Competitive strengths Telecom has a number of + competitive strengths, including: 800k 1 Over 800,000 fixed and mobile internet and broadband The number one or two market customers in New Zealand. position in each of broadband, fixed/mobile voice and IT markets, MOBILE – voice services, text and enabling unique and compelling multimedia messages, wireless converged customer propositions. application services, wireless data 2800 services, paging, cellular equipment 2 Around 2,800 business clients sales and other related mobile across Australasia using Gen-i’s network services. A strong brand with national ICT services. presence and sustained relationships with customers, cemented by mature and high + quality customer service operations. 6000 3 Over 6,000 business and 300 wholesale customers in Australia using AAPT’s services. Operational scale and capability IT services – managed IT services, in marketing, distribution and IT outsourcing, procurement of customer management (including hardware and software, billing and customer service). + operations (eg, maintenance and support), professional 4 4000 services (eg, applications support Over 4,000 fibre connections. and integration) and cloud An all-3G nationwide computing services. mobile network. 1 All statistics provided as at 30 June 2012. investor.telecom.co.nz | 3 INTRODUCTION We have the key resources to remain New Zealand’s largest service provider The demerger of Telecom and • The nationwide mobile networks Chorus last year brought a split New Telecom Assets • PSTN equipment for fixed in network assets. Telecom has line calling maintained ownershipNew Cho ofrus theAsset assetss • The core national transport network it needs to deliverFib itsre Ne productstwork and services, including:Copper Network • International assets, including AAPT and a 50% stake in the Southern Cross international cable, and • One of Australia’s most extensive fixed IP networks. Telecom Assets Chorus Assets Fibre Network Copper Network Nationwide Mobile Networks FTTN FIBRE TO THE NODE FTTP FIBRE TO THE PREMISE Major Exchanges E.G. WELLINGTON Auckland Gateways Copper TAKAPUNA OR WHENUAPAI Nationwide Mobile Networks Access Network The Access Network connects a home, business or structure to the telecommunications equipment - often a Local Exchange Regional Backhaul The Regional Backhaul links the Local Exchanges to the Major exchanges or Core Network International Assets Core Network Southern Cross Cable1 The core network (or National Backhaul) is the fibre To international markets backbone that links cities to the Auckland gateway AAPT International Transit PSTN Network Internet traffic is routed via the Auckland gateway and the Australian Fixed IP Network Southern Cross Cable network to international markets 1 Telecom has a 50% interest in the Southern Cross international cable network. 4 | Telecom Annual Report 2012 New ZEALAND assets 97% coverage to places where New Zealanders live and work – with significant mobiletower footprint: National WCDMA 3G mobile network National backhaul fibre network and service platforms for voice and data applications 30 major exchanges 2 Auckland gateways INTERNATIONAL ASSETS Telecom’s interest in Southern Cross’ Australia international cable network1 28,900km 11,000km of submarine cable of interstate fibre, – secure bandwith for Australia, with data centres in New Zealand, Hawaii and the USA the major capital cities 1,600km 1,600 terrestrial cable premises with fibre access 9 cable stations 200 exchanges with mid-band Ethernet 1 Telecom has a 50% interest in the Southern Cross international cable network. investor.telecom.co.nz | 5 INTRODUCTION Four business units deliver our products and services Telecom now has four customer-facing business units, supported by its central product group, a network and IT unit (T&SS) and a corporate centre. Wholesale & International Retail Gen-i AAPT NZ$154m NZ$506m NZ$263m NZ$88m FY12 EBITDA FY12 EBITDA FY12 EBITDA FY12 EBITDA • Telecom owns significant • Provides mass-market • Provides ICT solutions • Australian national backhaul assets products, services and to Telecom’s business telecommunications and the PSTN network support to consumer and customers across New provider of voice, SME customers Zealand and Australia data, and internet • Wholesale provides
Load more

Recommended publications
  • FY21 Results Overview
    Annual Report 2021 01 Chorus Board and management overview 14 Management commentary 24 Financial statements 60 Governance and disclosures 92 Glossary FY21 results overview Fixed line connections1 Broadband connections1 FY21 FY20 FY21 FY20 1,340,000 1,415,000 1,180,000 1,206,000 Fibre connections1 Net profit after tax FY21 FY20 FY21 FY20 871,000 751,000 $47m $52m EBITDA2 Customer satisfaction Installation Intact FY21 FY20 FY21 FY21 $649m $648m 8.2 out of 10 7.5 out of 10 (target 8.0) (target 7.5) Dividend Employee engagement score3 FY21 FY20 FY21 FY20 25cps 24cps 8.5 out of 103 8.5 This report is dated 23 August 2021 and is signed on behalf of the Board of Chorus Limited. Patrick Strange Mark Cross Chair Chair Audit & Risk Management Committee 1 Excludes partly subsidised education connections provided as part of Chorus’ COVID-19 response. 2 Earnings before interest, income tax, depreciation and amortisation (EBITDA) is a non-GAAP profit measure. We monitor this as a key performance indicator and we believe it assists investors in assessing the performance of the core operations of our business. 3 Based on the average response to four key engagement questions. Dear investors Our focus in FY21 was to help consumers especially important because fixed wireless services don’t capitalise on the gigabit head start our fibre provide the same level of service as fibre - or even VDSL in network has given New Zealand. We knocked most cases – and these service limitations often aren’t made clear to the customer. on about a quarter of a million doors and supported our 100 or so retailers to connect As expected, other fibre companies continued to win copper customers in those areas where they have overbuilt our another 120,000 consumers to fibre.
    [Show full text]
  • Annual Report
    08 Annual Report iinet.net.au iiNet Limited ACN 068 628 937 ABN 48 068 628 937 Contents Financial Calendar and Corporate Information 1 About iiNet 3 iiNet History 17 Financial Highlights 19 Operational Highlights 20 Corporate Highlights 21 Education and Community Outreach 23 Chairman’s Review 25 Managing Director’s Report 29 Directors’ Report 35 Corporate Governance Statement 65 Financial Report 71 Directors’ Declaration 139 Independent Auditor’s Report 141 Shareholder Information 143 Financial Calendar Annual General Meeting The Annual General Meeting of iiNet Limited will be held at the Sheraton Hotel, 297 Adelaide Terrace, Perth, Western Australia, on Monday the 24th of November, 2008 at 10:30am. Other key dates in the 2009 financial year: • Annual report and Notice of Annual General Meeting mailed to shareholders October 2008 • Half-year results February 2009 • Full-year results August 2009 Corporate Information Directors Michael Smith Chairman Michael Malone Managing Director Andrew Milner Director (non-executive) Peter James Director (non-executive) Paul Broad Director (non-executive) Tony Grist Director (non-executive) David Grant Director (non-executive) Company Secretary David Buckingham Principal Place of Business and Registered Office iiNet Limited Durack Centre, Level 6 263 Adelaide Terrace Perth WA 6000 Share Registry Computershare Investor Services Pty Ltd Level 2 Reserve Bank Building 45 St George’s Terrace Perth WA 6000 Telephone: +61 8 9323 2000 Internet: www.computershare.com.au Stock Exchange Listings iiNet Limited’s ordinary shares are quoted on the Australian Stock Exchange Limited (ASX: IIN). Auditors Ernst & Young The Ernst & Young Building 11 Mounts Bay Road Perth WA 6000 1 iiNet Annual Report 2008 Financial Calendar and Corporate Information 2 08 About iiNet We’ve come a long way since our days of working out of a suburban garage in the early 90s.
    [Show full text]
  • Westpac Online Investment Loan Acceptable Securities List - Effective 3 September2021
    Westpac Online Investment Loan Acceptable Securities List - Effective 3 September2021 ASX listed securities ASX Code Security Name LVR ASX Code Security Name LVR A2M The a2 Milk Company Limited 50% CIN Carlton Investments Limited 60% ABC Adelaide Brighton Limited 60% CIP Centuria Industrial REIT 50% ABP Abacus Property Group 60% CKF Collins Foods Limited 50% ADI APN Industria REIT 40% CL1 Class Limited 45% AEF Australian Ethical Investment Limited 40% CLW Charter Hall Long Wale Reit 60% AFG Australian Finance Group Limited 40% CMW Cromwell Group 60% AFI Australian Foundation Investment Co. Ltd 75% CNI Centuria Capital Group 50% AGG AngloGold Ashanti Limited 50% CNU Chorus Limited 60% AGL AGL Energy Limited 75% COF Centuria Office REIT 50% AIA Auckland International Airport Limited 60% COH Cochlear Limited 65% ALD Ampol Limited 70% COL Coles Group Limited 75% ALI Argo Global Listed Infrastructure Limited 60% CPU Computershare Limited 70% ALL Aristocrat Leisure Limited 60% CQE Charter Hall Education Trust 50% ALQ Als Limited 65% CQR Charter Hall Retail Reit 60% ALU Altium Limited 50% CSL CSL Limited 75% ALX Atlas Arteria 60% CSR CSR Limited 60% AMC Amcor Limited 75% CTD Corporate Travel Management Limited ** 40% AMH Amcil Limited 50% CUV Clinuvel Pharmaceuticals Limited 40% AMI Aurelia Metals Limited 35% CWN Crown Limited 60% AMP AMP Limited 60% CWNHB Crown Resorts Ltd Subordinated Notes II 60% AMPPA AMP Limited Cap Note Deferred Settlement 60% CWP Cedar Woods Properties Limited 45% AMPPB AMP Limited Capital Notes 2 60% CWY Cleanaway Waste
    [Show full text]
  • Asx Clear – Acceptable Collateral List 28
    et6 ASX CLEAR – ACCEPTABLE COLLATERAL LIST Effective from 20 September 2021 APPROVED SECURITIES AND COVER Subject to approval and on such conditions as ASX Clear may determine from time to time, the following may be provided in respect of margin: Cover provided in Instrument Approved Cover Valuation Haircut respect of Initial Margin Cash Cover AUD Cash N/A Additional Initial Margin Specific Cover N/A Cash S&P/ASX 200 Securities Tiered Initial Margin Equities ETFs Tiered Notes to the table . All securities in the table are classified as Unrestricted (accepted as general Collateral and specific cover); . Specific cover only securities are not included in the table. Any securities is acceptable as specific cover, with the exception of ASX securities as well as Participant issued or Parent/associated entity issued securities lodged against a House Account; . Haircut refers to the percentage discount applied to the market value of securities during collateral valuation. ASX Code Security Name Haircut A2M The A2 Milk Company Limited 30% AAA Betashares Australian High Interest Cash ETF 15% ABC Adelaide Brighton Ltd 30% ABP Abacus Property Group 30% AGL AGL Energy Limited 20% AIA Auckland International Airport Limited 30% ALD Ampol Limited 30% ALL Aristocrat Leisure Ltd 30% ALQ ALS Limited 30% ALU Altium Limited 30% ALX Atlas Arteria Limited 30% AMC Amcor Ltd 15% AMP AMP Ltd 20% ANN Ansell Ltd 30% ANZ Australia & New Zealand Banking Group Ltd 20% © 2021 ASX Limited ABN 98 008 624 691 1/7 ASX Code Security Name Haircut APA APA Group 15% APE AP
    [Show full text]
  • ESG Reporting by the ASX200
    Australian Council of Superannuation Investors ESG Reporting by the ASX200 August 2019 ABOUT ACSI Established in 2001, the Australian Council of Superannuation Investors (ACSI) provides a strong, collective voice on environmental, social and governance (ESG) issues on behalf of our members. Our members include 38 Australian and international We undertake a year-round program of research, asset owners and institutional investors. Collectively, they engagement, advocacy and voting advice. These activities manage over $2.2 trillion in assets and own on average 10 provide a solid basis for our members to exercise their per cent of every ASX200 company. ownership rights. Our members believe that ESG risks and opportunities have We also offer additional consulting services a material impact on investment outcomes. As fiduciary including: ESG and related policy development; analysis investors, they have a responsibility to act to enhance the of service providers, fund managers and ESG data; and long-term value of the savings entrusted to them. disclosure advice. Through ACSI, our members collaborate to achieve genuine, measurable and permanent improvements in the ESG practices and performance of the companies they invest in. 6 INTERNATIONAL MEMBERS 32 AUSTRALIAN MEMBERS MANAGING $2.2 TRILLION IN ASSETS 2 ESG REPORTING BY THE ASX200: AUGUST 2019 FOREWORD We are currently operating in a low-trust environment Yet, safety data is material to our members. In 2018, 22 – for organisations generally but especially businesses. people from 13 ASX200 companies died in their workplaces. Transparency and accountability are crucial to rebuilding A majority of these involved contractors, suggesting that this trust deficit. workplace health and safety standards are not uniformly applied.
    [Show full text]
  • ITU Operational Bulletin No. 831 – 3
    International ITU Operational Bulletin Telecommunication Union No. 831 1.III.2005 (Information received by 22 February 2005) Contents Page General information Lists annexed to the ITU Operational Bulletin: Note from TSB.............................................................. 2 Approval of ITU-T Recommendations................................................................................................... 3 International Call Sign Series and Maritime Identification Digits (MID): China, Armenia....................... 5 Assignment of Signalling Area/Network Codes (SANC) (ITU-T Recommendation Q.708 (03/99)): Ireland ............................................................................................................................................... 5 Telephone Service: Australia (Australian Communications Authority (ACA), Melbourne) ........................................... 5 Burkina Faso (Autorité Nationale de Régulation des Télécommunications (ARTEL), Ouagadougou)........................................................................................................................... 15 Denmark (National IT and Telecom Agency (NITA), Copenhagen) ............................................... 15 Egypt (National Telecom Regulatory Authority (NTRA), Giza)....................................................... 15 Gabon (Agence de Régulation des Télécommunications (ARTEL), Libreville) ................................ 17 Guyana (Guyana Telephone & Telegraph Co. Ltd, Georgetown).................................................
    [Show full text]
  • Annual Report Year Ended 30 June 2019
    Annual Report Year Ended 30 June 2019 GENERAL Year in Review 4 Creating Value 6 Performance 8 Diversity Snapshot 12 Chair’s Review 14 Chief Executive Officer’s Review 15 Delivering Our Group Strategy 16 About SkyCity 24 Auckland 27 Hamilton 31 Adelaide 32 Queenstown 34 International Business 35 Our Risk Profile and Management 36 Our Board 40 Our Senior Leadership Team 44 SUSTAINABILITY Our Sustainability 48 Our Sustainability Pillars Our Customers 52 Our People 58 Our Communities 72 Our Suppliers 78 Our Environment 84 Independent Limited Assurance Statement 91 CORPORATE GOVERNANCE STATEMENT AND OTHER DISCLOSURES Corporate Governance Statement 92 Director and Employee Remuneration 104 Shareholder and Bondholder Information 118 Directors’ Disclosures 121 Company Disclosures 123 This annual report is dated 14 August 2019 and is signed on behalf of the Board of directors of SkyCity Entertainment Group Limited (SkyCity or the company and, together with its subsidiaries, the Group) by: FINANCIAL STATEMENTS Independent Auditor’s Report 127 Income Statement 134 Statement of Comprehensive Income 135 Rob Campbell Bruce Carter Balance Sheet 136 Chair Deputy Chair Statement of Changes in Equity 137 An electronic copy of this annual report is available in the Investor Centre section of the company’s Statement of Cash Flows 138 website at www.skycityentertainmentgroup.com Notes to the Financial Statements 139 Reconciliation of Normalised Results to Reported Results 174 GRI CONTENT INDEX 178 ABOUT THIS ANNUAL REPORT GLOSSARY 182 Unless otherwise stated, all dollar amounts in this annual report are expressed in New Zealand dollars. DIRECTORY 183 Where appropriate, information is also provided in relation to activities that have occurred after 30 June 2019, but prior to publication of this annual report.
    [Show full text]
  • Dow Jones Sustainability Australia Index
    Effective as of 23 November 2020 Dow Jones Sustainability Australia Index Company Country Industry Group Comment Australia and New Zealand Banking Group Limited Australia Banks National Australia Bank Limited Australia Banks Westpac Banking Corporation Australia Banks CIMIC Group Limited Australia Capital Goods Brambles Limited Australia Commercial & Professional Services Downer EDI Limited Australia Commercial & Professional Services Tabcorp Holdings Limited Australia Consumer Services The Star Entertainment Group Limited Australia Consumer Services Janus Henderson Group plc United Kingdom Diversified Financials Oil Search Limited Papua New Guinea Energy Woodside Petroleum Ltd Australia Energy Coles Group Limited Australia Food & Staples Retailing Fisher & Paykel Healthcare Corporation Limited New Zealand Health Care Equipment & Services Asaleo Care Limited Australia Household & Personal Products Insurance Australia Group Limited Australia Insurance QBE Insurance Group Limited Australia Insurance Suncorp Group Limited Australia Insurance Addition Amcor plc Switzerland Materials Addition BHP Group Australia Materials Boral Limited Australia Materials Evolution Mining Limited Australia Materials Fletcher Building Limited New Zealand Materials Fortescue Metals Group Limited Australia Materials IGO Limited Australia Materials Iluka Resources Limited Australia Materials Incitec Pivot Limited Australia Materials Newcrest Mining Limited Australia Materials Orocobre Limited Australia Materials Rio Tinto Ltd Australia Materials South32 Limited
    [Show full text]
  • Deal Flow Participation
    Deal Flow Participation 3 September 2021 Security Code Issuer Offer Name Role Listing Date Country WIA070.NZ Wellington International Airport Wellington International Airport Fixed Rate Bond Distribution Aug-20 NZ FCL.AX FINEOS FINEOS (FCL) Institutional Placement Distribution Aug-20 AU SYD.AX Sydney Airport Sydney Airport (SYD) Shortfall Bookbuild Distribution Aug-20 AU TAH.AX Tabcorp Tabcorp (TAH) Shortfall Bookbuild Distribution Aug-20 AU IPL020.NZ Investore Property Investore Property Fixed Rate Bond Distribution Sep-20 NZ ORE.AX Orocobre Orocobre (ORE) Institutional Placement Distribution Sep-20 AU MCY030.NZ Mercury Energy Mercury Energy Green Bond Distribution Sep-20 NZ SUM030.NZ Summerset Summerset Fixed Rate Bonds Distribution Sep-20 NZ ABY.AX Adore Beauty Adore Beauty IPO Co-Manager Oct-20 AU VHP.NZ Vital Healthcare Vital Healthcare Placement Distribution Oct-20 NZ OCA010.NZ Oceania Oceania Bond Offer Distribution Oct-20 NZ ARG030.NZ Argosy Argosy Green Bond Distribution Oct-20 NZ CGFPC.AX Challenger Capital Challenger Capital Notes 3 IPO Distribution Oct-20 AU HPG.AX Hipages Group Holdings Hipages IPO Distribution Nov-20 NZ BOQPF.AX Bank of Queensland Limited Bank of Queensland Capital Notes 2 IPO Co-Manager Nov-20 AU BENPH.AX Bendigo and Adelaide Bank Ltd Bendigo and Adelaide Bank Capital Notes IPO Co-Manager Nov-20 AU SML.NZ Synlait Milk Limited Synlait Milk Placement Distribution Nov-20 NZ IAG.NZ Insurance Australia Group Limited IAG Placement Distribution Nov-20 NZ WBCPJ.AX Westpac Banking Corporation Westpac Capital Notes
    [Show full text]
  • 2020 Notice of Annual Meeting
    2020 Notice of Annual Meeting Dear Shareholder Annual Meeting of Shareholders The SkyCity Board invites you to participate in the Friday 16 October 2020 commencing at 1.00pm 2020 Annual Meeting of SkyCity Entertainment (New Zealand time) Group Limited. Business and Agenda of the Meeting Given the ongoing impacts of the COVID-19 A. Chair’s Address pandemic, particularly in relation to domestic and B. Chief Executive Officer’s Address international travel, and the possibility of social C. General Business and Shareholder Questions distancing requirements and restrictions on mass Response to questions submitted prior to the gatherings being maintained or reintroduced in Annual Meeting (to the extent the questions the event of a resurgence of COVID-19 infections have not already been addressed in the in New Zealand, this year’s Annual Meeting above addresses) and questions raised at the will be held virtually via an online platform on Annual Meeting Friday 16 October 2020 commencing at 1.00pm D. Resolutions (New Zealand time). Shareholders will be asked to consider and, Instructions and further details on how to participate if thought appropriate, pass the following in the virtual Annual Meeting are set out in the ordinary resolutions: Explanatory Notes in this Notice of Meeting and the 1. To re-elect Rob Campbell accompanying Virtual Meeting Guide. Rob Campbell retires from office at the Annual Meeting and, being eligible, The SkyCity Board and management look forward to offers himself for re-election welcoming you to the 2020 Annual Meeting. 2. To re-elect Sue Suckling Sue Suckling retires from office at the On behalf of the SkyCity Board Annual Meeting and, being eligible, offers herself for re-election 3.
    [Show full text]
  • Xero Limited 2020 Annual Report Cover Images
    Xero Limited 2020 Annual Report Cover images: Momentum Accounting, United States Orenda Tribe, United States Moovaz, Singapore Contents 2–3 4–6 7–12 Highlights Chair’s Review CEO’s Review 13–14 15–30 32–35 The Board Management Auditor’s of Directors Commentary Report 36–39 40–70 71–86 Financial Notes to the Corporate Statements Financial Governance Statements Statement 87–93 94–111 112 Disclosures Remuneration Corporate Report Directory Highlights OPERATING REVENUE FREE CASH FLOW $718.2 m $27.1 m Up 30% YOY Up $20.7m YOY NET PROFIT SUBSCRIBERS $3.3 m 2.285m Increase of $30.5 million YOY Up 467,000 YOY TOTAL AVAILABLE LIQUIDITY ANNUALISED MONTHLY RECURRING REVENUE $686.1 m Cash on hand, short-term deposits including $820.6 m proceeds from convertible notes, and undrawn Up 29% YOY committed debt facilities TOTAL SUBSCRIBER LIFETIME VALUE GROSS MARGIN PERCENTAGE $5.5 b 85.2 % Up $1.2 billion YOY Up 1.6 percentage points HIGHLIGHTS 3 A global Offset 100% ecosystem of of our carbon 800+ apps, emissions 200+ connections for FY19 and to financial services committed to providers remaining ‘net zero’ going forward SCALE OF THE PLATFORM Total value of transactions through Xero platform in FY20 at 31 March 2020 42% of Xero’s $3.62 t* employees Total value of invoices raised were female via Xero during FY20 Xero was one of 325 b global companies $853.2 included in the 2020 Bloomberg Gender- Equality Index *Incoming and outgoing transactions, 12-month period 4 Chair’s Review Dear shareholder Xero is a unique company - a digital disruptor, born in the Southern Hemisphere - that operates at the intersection of technology and finance, with the opportunity to serve the entire global small business economy.
    [Show full text]
  • Annual Report Year Ended 30 June 2020
    Annual Report Year Ended 30 June 2020 Contents GENERAL CORPORATE GOVERNANCE STATEMENT 4 Chair’s Review AND OTHER DISCLOSURES 6 Chief Executive Officer’s Review 123 Corporate Governance Statement 9 About this Annual Report 134 Remuneration Report 10 Year in Review 145 Shareholder and Bondholder Information 12 Creating Value 148 Directors’ Disclosures 16 Performance 149 Company Disclosures 18 Diversity Snapshot 21 Group Strategy FINANCIAL STATEMENTS 29 About SkyCity 156 Independent Auditor’s Report 31 Auckland 164 Income Statement 34 Hamilton 165 Statement of Comprehensive Income 37 Adelaide 166 Balance Sheet 39 Queenstown 168 Statement of Changes in Equity 41 International Business 169 Statement of Cash Flows 43 Online 170 Notes to the Financial Statements 45 Risk Profile and Management 53 Our Board 224 RECONCILIATION OF NORMALISED RESULTS 56 Our Senior Leadership Team TO REPORTED RESULTS SUSTAINABILITY 228 GRI CONTENT INDEX 63 Sustainability 69 Our Customers 232 GLOSSARY 79 Our People 233 DIRECTORY 93 Our Communities 101 Our Suppliers 111 Our Environment 120 Independent Limited Assurance Statement ANNUAL MEETING Due to the ongoing impacts of COVID-19, the 2020 SkyCity Annual Meeting will be held virtually via an online platform on 16 October 2020 commencing at 1.00pm (New Zealand time). Instructions and further details on how shareholders can participate in the virtual Annual Meeting will be included in the Notice of Meeting. 3 Chair’s Review The 2020 financial year was a tough one for SkyCity and its stakeholders. The external events which impacted the year are well known and the financial performance of the company reflects those events. It also reflects a great deal of skill, energy and support from our stakeholders across the board to react to those events.
    [Show full text]