e tirohanga �oroa I � m�tou �ahi �atoa A LONG TERM VIEW IN EVERYTHING WE DO 2015 ANNUAL REPORT k�y hi˝hli˝hts $38.6M 49% Paid to iwi reduction in to date waste and increase in recycling 80% of all fishers nationwide first stat e completed of the art seabird smart fishing boat training being built in new zealand with cutting edge seabird mitigation, complete in mid-2016 WHAKAHARAHARATANGA NUI KEY HIGHLIGHTS $ 3Minvested in new chatham Islands processing facilities Towards integrated reporting $ In addition to letting you know how our business has performed over the last year and sharing our highlights, you’ll notice that this year’s report also includes a lot more information about what we’re doing with regard 52M to sustainability. For us, that means not only the sustainable operation of our business as joint a whole in order to ensure longevity, efficiency and best practice, but our role as kaitiakitanga to protect and maintain the domain of Tangaroa and Investment the environment for future generations. We want to show that we live our goal of having ‘a long term view in in precision everything we do’ and are committed to being the best in the world when it comes to sustainability, which means integrating it into our seafood strategy and performance. For us, sustainability is at the heart of what we do, and we want to be harvesting telling a more complete story about sustainable seafood and the role we play in producing that. We’ll be providing more information about our people and the role they play, as well as how we operate. To achieve this, we are moving towards an Integrated Report, which we believe is the most transparent way of showing everyone how Aotearoa Fisheries creates value across environmental, social and economic performance, based on a broad range of factors. In addition to putting in place a new human resources and payroll system that will tell us more about our people, we are currently largest m�ori looking at measurement tools to ensure we can gather the additional data we need in order to give you as much information as possible. In the meantime, we hope you enjoy reading more in this owned lobster year’s report about our sustainability initiatives across all parts of our business. business with Port nicholson fisheries AOTEAROA FISHERIES LIMITED INTERIM REPORT 2015 3 TĀ TE HEMANA PŪRONGO 4 CHAIRMAN’S REPORT TĀ TE TUMUAKI PŪRONGO 6 CEO’S REPORT AFL INSHORE 12 AFL INSHORE PREPARED FOODS 16 PREPARED FOODS AFL AQUACULTURE 18 AFL AQUACULTURE SEALORD 20 SEALORD HĪTORI O AOTEAROA FISHERIES 24 HISTORY OF AOTEAROA FISHERIES HE TANGATA 26 PEOPLE HEI WHAKĀPOPOTO 30 IN SHORT I ROTO I TE HAPORI 36 IN THE COMMUNITY OHU TUMU 40 BOARD OF DIRECTORS WHAKAHAERENGA RANGATŌPŪ 42 CORPORATE GOVERNANCE NGĀ ĀPIHA WHAKAHAERE 44 EXECUTIVE TEAM KUPU TAKA O TE PŪNAHA WHAKAHAERE ROHEROHENGA 46 QUOTA MANAGEMENT SYSTEM TERMINOLOGY TAUKI TAHUA PŪTEA 47 FINANCIAL STATEMENTS RĀRANGI KUPU MĀORI 96 GLOSSARY OF MĀORI TERMS PUKATAKI RANGATŌPŪ 100 CORPORATE DIRECTORY long term view 4 CHAIRMAN’S REPORT 6 CEO’S REPORT 12 AFL INSHORE 16 PREPARED FOODS in everything 18 AFL AQUACULTURE 20 SEALORD 24 HISTORY OF AOTEAROA FISHERIES 26 PEOPLE we do 30 IN SHORT 36 IN THE COMMUNITY 40 BOARD OF DIRECTORS 42 CORPORATE GOVERNANCE 44 EXECUTIVE TEAM 46 QUOTA MANAGEMENT SYSTEM TERMINOLOGY 47 FINANCIAL STATEMENTS 96 GLOSSARY OF MĀORI TERMS 100 CORPORATE DIRECTORY chairman’s report: safety, always number one He tau pai tēnei mō Aotearoa Fisheries. E piki haere tonu ana tō mātou whanonga puta i te Kāhui, ā, ahakoa he nui kē te mahi, he whakakoakoa kē te whakatutukitanga o wō mātou whāinga haumarutanga. Ko ngā kōkiritanga o te whanaketanga o wō mātou tāngata, te huanga i tutuki, e ai ki te mahere, me te otinga o wētehi mahinga nunui te whakatinanatanga o te āheinga me te raukaha e tupu tonu nei kia auau ai te whakaotinga, me te hanganga o te ahurea ahurei e wawatatia nei e mātou. Hauora me te Haumarutanga He take matua pūmau te Hauora me te Haumarutanga ki a mātou, ā, me mahi mātou i te katoa o tā mātou e āhei ai ki te piki tonu i te taumata. He nui rawa te kotahi taotū mahue wā mahi. He kino te pai o wētehi o wā mātou mahi hei whakawhāiti tonu atu i ngā taotū ruarua nei. Ko te tohu ko te pūrongotanga me te wherawheranga o ngā mea katoa, ahakoa te iti me te hauwarea te āhua ki te hunga i pāngia atu. I tēnei tau i whakahaeretia he wānanga i waenga i ngā māngai Hauora me te Haumarutanga o ngā tari katoa hei arataki i ō mātou herenga hou. Ka piki ngā herenga pūrongo, ka uru te hiahia ki te pūrongotanga pakari o te Hauora me te Haumarutanga i te wā e taka ai. E haere tonu ana te pūnaha whakarewa i te maitai ā ipurangi, Ecoportal, e tutuki ai taua whāinga. E haere ana a Carl Carrington rāua ko Allyn Glaysher ki te hōtaka Takitaki Hauora me te Haumarutanga, mā reira mātou e mōhio ai ki ngā mahinga hou me ngā mahi papai. Waihoki e toro tonu atu ana ngā Tumu me ngā Āpiha katoa ki tēnā tari, ki tēnā tari tirotiro ai i te Hauora me te Haumarutanga. 2015 Arotake ā Ture Kei te mōhio kē te nuinga o kōtou kua oti te arotake ā ture o te hanganga taunga i raro i Ture Mahinga Ika Māori. Kāore mātou i te marohi kia tāruatia ngā putanga o taua arotake i whakamanahia e kōtou katoa i te hui motuhake. E pai ana kia takoto i konei te mihi ki ngā panonitanga matua, pēnei me te rironga o te mana whakahaere o Aotearoa Fisheries i ngā iwi, me te mana o ngā iwi ki ō rātou rawa taunga mahinga ika. Moni hua I tauākitia e te Ohu Tumu o Aotearoa Fisheries he moni hua e $6.4 miriona te nui mō te tau i oti i te 30 o Hepetema 2015, koia rā te 40% o te huanga a te kāhui e ai ki te Ture Mahinga Ika Māori. Ka whakautua te moni hua hei te waenga o Tihema 2015, ā, he whiwhinga tāke Mana Māori ōna. Panonitanga Ohu I paetara ā whare ngā rākau a Fred Cookson rāua ko Wayne Peters i te 30 o Noema 2015, e waru tau te roa o te noho hei tumu. Kei te mihi mātou ki a Fred rāua ko Wayne mō rāua i whakapau kaha kia angitū ai a Aotearoa Fisheries, ā, mō rāua i whakatakoto i ngā kupu whānui, mārama, pono hoki i runga i ō rāua tūranga hei tumu. Kei te mihi mātou ki ngā tumu hou i whakatūria i te 1 o Tihema 2015, arā ko Mr Craig Ellison rāua ko Ms Rachel Taulelei. Ko Craig te Heamana o Ngāi Tahu Seafood Limited me te Heamana o te Kaunihera Taumata Kaimoana o Aotearoa. He mema o mua a Mr Ellison o te poari o te Komihana Mahinga Ika o te Tiriti o Waitangi ō mua, ā, nāna i tū ai a Aotearoa Fisheries nā runga i te tukanga mātoha Taunga Mahinga Ika Māori. Inatata tonu nei a Ms Taulelei i whakatūria hei Tumu Whakahaere o Kono NZ LP, ā, koia te kaiwhakatū o Yellow Brick Road Limited, he kamupene tautōhito mō te whakarato kaimoana kounga ki ngā wāhi kai puta i Aotearoa. E rua e rua ngā tumu hou he piringa whaimana ki te Ohu Tumu o Aotearoa Fisheries. Kei te tīni haere a Aotearoa Fisheries i wana tumu whakarite o Sealord. Kāore he tumu rāwaho, engari kē ia ka ahu mai ngā tumu i te Ohu o Aotearoa Fisheries. Mā konei e tānekaha ai ngā hononga ā mahinga i waenganui i Aotearoa Fisheries me Sealord, ā, e whai wāhi nui atu ai wō Aotearoa Fisheries wawata ki Sealord. 4 AOTEAROA FISHERIES LIMITED INTERIM REPORT 2015 4 AOTEAROA FISHERIES LIMITED ANNUAL REPORT 2015 TĀ TE TIAMANA PŪRONGO CHAIRMAN’S REPORT Aotearoa Fisheries has had a good year. We continue to improve our performance across the Group and although there is more to do, particularly pleasing is achieving our targets on safety. Our advances in our people’s development, the profit achieved versus against plan and completion of significant projects reflect the growing capability and capacity to execute consistently and build the culture of excellence that we aspire to. Health and Safety The Health and Safety of our people is always a top priority for us, and we need to do everything we can to continually improve. Even one injury is one too many. We have some excellent initiatives in place to reduce the few we do have. The key to this is ensuring all incidents, no matter how small or insignificant they may seem to the persons involved, are reported and investigated. This year a workshop was held with Health and Safety representatives from all sites to provide direction on our new requirements. With higher reporting comes the need for robust Health and Safety reporting in real-time. We are in the process of implementing an online tool, Ecoportal, to enable this. Carl Carrington and Allyn Glaysher are attending the Health and Safety Leadership programme to ensure we stay abreast of new initiatives and best practice. In addition, all Directors and Executive team members continue with their Health and Safety site visits. 2015 Statutory Review As most of you are aware the 2015 statutory review of the settlement structure carried out under the Māori Fisheries Act was completed.